TERMS AND CONDITIONS OF SALE

NOTICE: All Bidders, and other persons attending this sale, agree that
they have read, have full knowledge and will be bound by these terms and
conditions, unless superseded and publicised the day of the auction.
Please inspect before you bid!

1. IDENTIFICATION - All bidders are required to provide full name,
address, driver`s license and method of payment at time of registration.

2. TIME OF PAYMENT All invoices must be paid in full before the
item(s) may be moved. Any other arrangements must be made with, and
approved by, the auctioneer prior to bidding.

3. MANNER OF PAYMENT All payments must be made by
cash, credit card (VISA, MasterCard) cashiers check,
company check with a bank letter of authorization
guaranteeing funds to bidmax, LLC or wire transfer. All
checks for deposits and balances due shall be payable to the order of
bidmax, LLC. No goods will be removed until payment is received and
approved by bidmax. Mailing
address: bidmax, LLC, PO Box 5353, South Fulton, TN 38257. For wire
transfer instructions: call 877-912-4362.

4. REMOVAL - All purchases must be removed not later
than the date specified in the Auction Catalogue and/or
announced at the beginning of the auction. In any event, all items must be
removed during the hours of 9:00 AM and 5:00 PM no later than December
3, 2013. No lot can, on any account, be removed during the sale. All
goods are sold Where Is/As Is. Purchases will be released only on
presentation of a paid bill. The full purchase price on all lots sold to the
same Buyer must be paid within the time fixed and before removal of any
goods.

5. LOADING AND RIGGING bidmax and Rose Machine will provide
removal and rigging services. The cost per item will be included in the
online catalog lot description. There will be no charge for carry-out items.
If not utilized, the cost for loading and rigging will be refunded at check-out.

6. TRANSPORTATION- Buyer is responsible for arranging
transportation of purchases from the auction site.

7. SHIPPING All coolants, oil and fluids must be
drained from all machinery and equipment prior to removal. Shipping must
be in compliance with state and federal regulations.

8. CONDITION OF ARTICLES SOLD All items are offered, will be
purchased, AS IS, WHERE IS AND WITH ALL FAULTS. Auctioneer makes
no warranties or guarantees whatsoever whether written, oral or implied.

9. CLAIMS No Claims will be allowed after removal of goods from
premises.

10. RESPONSIBILITY FOR NON-DELIVERY- Auctioneer shall
not, in any event, be liable for non-delivery or for any
other matter or thing, to any Buyer of any lot, other than
for the return to the Buyer of the deposit or sum paid on
said lot, should the Buyer be entitled.

11. COMPLIANCE WITH TERMS OF SALE In default of
payment of bills in full within the time therein specified, the auctioneer in
addition to all other remedies allowed by law, may retain all monies
received as deposit or otherwise, as liquidated damages. Lots not paid for
and removed within the time allowed herein may be resold at public or
private sale without further notice, and any deficiency, together with all
expenses and charges of re-sale, will be charged to the defaulting
purchaser.

12. RISK TO PERSON AND PROPERTY Persons attending
during inspection, sale or removal of goods assume all risks of damage of
or loss to person and property and specifically release the auctioneer from
liability therefor. Neither the auctioneer nor his principal shall be liable by
reason of any defect in or condition of the premises on which the sale is
held.

13. ADDITION TO OR WITHDRAWAL FROM SALE The auctioneer
reserves the right to alter the order of the sale, withdrawal from the sale
any of the property listed or to sell at this sale property not listed, and also
reserves the right to group one or more lots into one or more selling lots or
to subdivide into two or more selling lots. Whenever the best interest of the
Seller will be served, the Auctioneer reserves the right to sell property listed
in bulk.

14. DISPUTE BETWEEN BIDDERS/BID INCREMENTS If any
dispute arises between two or more bidders, the auctioneer
may decide the same or put the lot up for sale again at
once, or resell to the highest bidder. The Auctioneer may
reject a nominal or fractional bid advance if, in his
estimation, it proves injurious to the sale. The
auctioneer`s decision shall be final and absolute.

15. RECORDS The record of sale kept by the auctioneer and bookkeeper
and will be taken as final in the event of any dispute.

16. AGENCY Where bidmax is acting as an agent, it is
not responsible for the acts of its principal(s).

17. SALES TAX All sales are subject to state and local taxes (currently
9.25%) unless an exemption certificate or other valid documentation is
presented when the auction closes.

18. BUYER`S PREMIUM AND OTHER CHARGES The Auctioneer in its
sole discretion may impose a Buyer`s Premium on any goods sold. The
Buyer`s Premium is a percentage that is added to the final purchase price
of any item. For this auction the Buyer`s Premium is 10(ten)%. For online
purchases 3(three)% added for the cost of the wecast and
processing online transactions. If purchases are made by credit card
3(three)% will be added for processing the transaction.

19. INSURANCE All buyers, or the buyer`s riggers must provide the
auctioneer, owner and landlord a certificate of insurance in amounts
acceptable to the above parties prior to removal of any machinery and
equipment.

20. ADDITIONAL TERMS AND CONDITIONS The auctioneer may
modify or supplement these terms and conditions by
language in the catalog, available and posted at the the auction location
and available online.

21. INSPECTION- Please inspect before you bid!
The scheduled inspection period is Wednesday November 20, 2013 from
9:00 AM to 4:00 PM.