ONLINE BIDDERS MUST ESTABLISH
CREDIT WITH PLATINUM. A
25% DEPOSIT OF YOUR
ANTICIPATED BID AMOUNT MUST BE
RECEIVED BY PLATINUM PRIOR TO
THE AUCTION. PLEASE CALL
OUR OFFICE AT 416-366-2326.

Terms and Conditions of Sale

Persons participating in the
auction shall be bound by ALL
of the following
terms and conditions, which
are subject to amendments and
modifications
by the Auctioneer at the time
of auction.

(1) This catalog is meant
merely as a guide. The
Auctioneer believes the
descriptions of the assets
contained herein to be
correct, but makes no
warranty or representation in
connection therewith.

(2) Auctioneer reserves
the right to sell any and all
items subject to
reserve and to bid for its own
account and for the accounts
of others,
whether by verbal or written
proxy, and all lots may be
subject to a prior
sale.

(3) The Auctioneer
reserves the right to refuse
any applicant the privilege
of bidding or attending at the
auction and may revoke such
privilege at
any time in its sole
unfettered discretion.

(4) All Articles will be
sold to the highest bidder
conforming to the bid
process, provided that the
Auctioneer reserves the right
to sell articles by
individual and/or group lots
and ?in bulk,? as deemed
appropriate. The
Auctioneer reserves the right
to sell on behalf of third
parties, its own
account or on the account of
others. Should any dispute
arise between
two or more bidders or as to
any bid, the lot in question
may, at the
Auctioneers discretion, be
immediately put up again and
resold. The
Auctioneer shall regulate all
matters relating to the
conduct of the auction
and his decision shall be
final and binding on all
bidders. The record kept
by the clerk of sale, shall in
all cases be accepted by the
bidder as final.

(5) All sales shall be
concluded as indicated by the
Auctioneer and no
Purchaser may thereafter
revoke his bid. Title to the
assets or lots
purchased shall not pass until
payment in full of the
purchase price is
received.

(6) ALL SALES ARE FINAL,
ON AN ?AS IS WHERE IS,? ?IN
PLACE?
?WITH ALL FAULTS? BASIS WITH
NO CONDITIONS OR WARRANTIES
WHETEHR EXPRESSED OR IMPLIED,
SATUTORY OR OTHERWISE,
INCLUDING WITHOUT LIMITATION,
WARRANTIES OR CONDITIONS,
AS TO TITLE, DISCRIPTION,
FITNESS FOR PURPOSE, QUANTITY,
QUALITY, MECHANTABILITY,
STATE, CONDITION, LOCATION OR
OTHERWISE. NO SALE SHALL BE
INVALIDATED AND THE
AUCTIONEER SHALLHAVE NO
LIABILITY FOR A MISDESCRIPTION
OF ANY ARTICLE OR LOT WHETHER
CONTAINED IN A CATALOUGE,
ADVERTISEMENT, OR OTHERWISE.
DESCRIPTIONS HAVE BEEN
PREPARED FOR GUIDE PURPOSES
ONLY AND SHALL NOT BE
RULED UPON BY THE PURCHASER
FOR ACCURACY OR
COMPLETENESS. PLEASE INSPECT
ALL ITEMS BEFORE BIDDING.
PURCHASERS SHALL BE DEEMED TO
HAVE RELIED ENTIRELY
UPON THEIR OWN INSPECTIONS AND
INVESTIGATIONS PRIOR TO
PARTICIPATING IN THE AUCTION
PROCESS.

(7) A deposit of equal to
25 percent of the purchases
price shall be
made at the time of sale. The
balance of the purchase price
must be paid
in full before or immediately
after the conclusion of the
auction. All
payments shall be made by way
of cash, certified cheque or
company
cheque with a valid bank
letter guaranteeing
irrevocable payment to
Platinum Asset Services Inc in
the following format. ?Name of
bank herby
guarantees irrevocable payment
of cheques payable to Platinum
Asset
Services Inc. up to amount in
words and currency for
purchases made by
our client name of client.
This letter is valid for
purchases made at the
auction of name of auction
being held in city,
state/province on date?.
Payments made on account of
purchases may be made in
advance of the
auction and the balance
thereof will be refunded after
the auction. The
Auctioneer reserves the right
to put articles back up for
auction if deposit
is not received at or before
the time of sale.

(8) No article shall be
removed unless paid for in
full and articles
purchased shall be removed in
accordance with the REMOVAL
CONDITIONS set out below. The
Purchaser shall be responsible
for all
the costs of removal and shall
be liable for all damages,
including without
limitation, any environmental
damage, caused during or as a
result of the
removal of the assets
purchased. Purchasers shall
comply with all
environmental laws and
regulations including
requirements as to bonding
of movers.

(9) Where available,
documents of transfer,
including motor vehicle
ownership documents, which are
in possession of the
Auctioneer, will be
provided to the Purchaser
following the auction or as
soon thereafter as
such documents are available.

(10) No purchaser may
assign, transfer or dispose of
his rights in any
article purchased before he
has paid the purchase price in
full.

(11) Sales taxes arising on
a sale, shall be paid to the
Auctioneer at the
time of sale. Purchasers
claiming exemptions from taxes
shall provide
proof satisfactory to the
Auctioneer, in its sole
discretion, of their
entitlement to claim such
exemption. In the absence of
satisfactory proof,
all applicable taxes shall be
paid to the Auctioneer prior
to title passing to
the purchaser. No exceptions
whatsoever.

(12) Time shall be of the
essence. If a Purchaser fails
to make payment
or remove goods within the
time periods hereinabove
provided, the
Auctioneer may retain the
deposit and apply towards its
damages and
resell the article purchased
by auction, private contract
or otherwise, as
the Auctioneer in his
discretion deems advisable.
The Purchaser shall be
liable for the shortfall and
all costs expenses, including
but not limited to
interest rates (a minimum of
2% per month or 24% per
annum), legal
fees(on a substantial
indemnity basis), moving and
storage (a minimum
rate of $2.00/sq.ft. per
month) costs and commissions,
incurred such as
resale.

(13) The Auctioneer assumes
no responsibility or any
liability once title
passes, which occurs at time
of payment in full.
Purchasers are advised
to prearrange for insurance
coverage of their purchase.
Title will revert to
the seller in the event
purchaser does not remove his
purchases by the
time specified.

(14) If the Auctioneer is
unable to deliver an article
sold to a Purchaser
due to fire, theft or any
other reason whatsoever, the
Auctioneer shall
reimburse the Purchaser for
all monies paid to the
Auctioneer in respect
of the article and the
Auctioneer shall have no
further liability to the
Purchaser arising from or
relating to such loss,
including without limitation,
any damages or loss of
profits.

(15) Bidders acknowledge
that any auction site is a
potentially dangerous
place with noxious, corrosive
and pressurized substances
being present,
heavy equipment being operated
and electric circuits being
live. Every
person at the Auction Site
before, during and after the
auction sale shall
be deemed to be there at their
own risk with notice of the
condition of the
premises, the activities on
the premises and the conduct
of third parties,
and the Bidder shall so advise
his/her agents and employees.
No person
shall have any claim against
the auctioneer, his agents,
employees or
principals for any injuries
sustained for damages to or
loss of property
which may occur from any cause
whatsoever.


These terms and conditions
together with any amendments
or
modifications expressly made
by the Auctioneer at the time
of auction in
writing constitute all the
terms and conditions with
respect to the sale of
articles at this auction.
There are no representations
warranties, terms,
conditions undertakings or
collateral agreements except
as herein
provided.



Equipment Removal Procedures

The following are terms &
conditions for all purchasers,
their employees,
riggers, contractors and
agents; (who will be further
referred to as
?Purchasers/Movers/Riggers?),
who participate in the
disconnection and/or
removal of equipment to abide
by.

All invoice(s) must be paid in
full and a PLATINUM
representative must
initial your invoice before
commencement of removal.

(1)
Purchasers/Movers/Riggers are
responsible to remove all
items
purchased at the sale.
Purchasers must provide
Platinum with rigger
release instructions in
writing before the removal can
commence.

(2)
Purchasers/Movers/Riggers
shall be responsible for: (a)
proper
disconnection and termination
of all electrical, gas, water,
and/or air lines
to machine as directed by site
representative; (b) the
shearing of anchor
bolts flush with the floor;
(c) the erecting of safety
barriers as required
where pits or holes have been
created as a result of
equipment removal;
(d) repair any holes etc. to
that of previous building
standards made in
external walls/roof as a
result of equipment removal;
(e) the removal, off
premises, of all hazardous
water or oil contaminants
contained therein of
purchased assets, in
conjunction with all
environmental laws; (f)
leaving
your work area in a broom
swept manner; (g) any specific
terms or
conditions indicated by the
auctioneer at the time of
sale.

Riggers: Quote your customers
accordingly; you shall also be
held liable
for all costs in compliance
with the above.

NO ITEM(S) SHALL LEAVE THE
PREMISIES UNITL THE
AFOREMENTIONED HAVE BEEN
COMPLETED TO THE
SATISFACTION OF A PLATINUM
ASSET SERVICES INC.
EMPLOYEE/SITE REPRESENTATIVE.

(3)
Purchasers/Movers/Riggers must
provide Platinum with a
certificate
of insurance of not less than
$2,000,000, adding Platinum
Asset Services
Inc. as an additional insured
but only with respect to the
operations of the
Named Insured (i.e.
Purchasers/Movers/Riggers) a
the Named Auction
and Location. Proof of
statutory workers?
compensation and employer?s
liability insurance and
automotive and comprehensive
liability insurance
coverage (bodily injury and
property damage) per person
and occurrence.

(4) Where available,
bridge cranes and/or hoists
may only be used by
certified crane operators with
insurance and only with the
expressed
written permission of the
Auctioneer.

(5) A Platinum employee
must examine all items being
loaded out and
check off Purchasers shipping
invoice.

(6)
Purchasers/Movers/Riggers
shall be held liable for all
costs and
damages or repairs to property
as a result of their
negligence.

(7) No items may be
removed until the completion
of the auction.

(8) Purchaser agrees to
indemnify and save harmless
both the consignor
and Auctioneer against any
damage caused by the act of
the Purchase
and/or his agents in
connection with the
dismantling or removal of any
lot.