TERMS AND CONDITIONS OF AUCTION SALE
Subject to amendments and modifications announced by the
Auctioneer at the
time of the auction, any person participating in the auction
shall be bound by
the following terms and conditions.

All announcements made on the auction day shall take
precedence over
previously distributed information.  

Anyone outside of the continental United States will be
required to wire
transfer a minimum deposit of $5000 to be approved for all
non-onsite
bidding.  All deposits must be received 24 hours before the
sale.

All payments shall be by way of cash, certified check, wire
transfer and/or a
company check accompanied by a bank letter of guarantee
payable to Asset
Sales, Inc. Your bank letter should be similar to the
following: “Mr. (Customer
Name) is a customer of this bank.  This bank will guarantee
unqualified
payment to Asset Sales, Inc. on the account listed herein up
to the amount of
$_______.  This letter is valid until (date).”  All bidding
and invoicing will be in
US Dollars ($), we will accept all currency according to the
terms. The
purchase price must be paid in full before or immediately
after the conclusion
of the auction. The auctioneer reserves the right to put
articles back up for
auction if payment is not received at or before the
conclusion of the sale. All
invoices must be checked on the day of the sale as no
adjustments will be
made thereafter. Purchases that are not removed within the
designed time will
be considered abandoned.

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 of their entitlement to claim such exemption.
In the absence of
proof satisfactory to the auctioneer, taxes shall be paid by
the purchaser.

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
group lots and "En Bloc" as he deems 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 auctioneer`s
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 auctioneer shall at all times be entitled to
make changes in (the
composition of) the lots or to withdraw them, up until the
last moment before
the sale, refuse bids without having to state the reasons,
in which case the
previous bidders shall be bound to their bids and to correct
himself.

The auctioneer reserves the right to sell subject to reserve
and to purchase for
its own account and/or for the account of others, whether by
verbal or written
proxy, all subject to prior sale.

Asset Sales, Inc. reserves the right to correct any mistakes
or typographical
errors made by it or its behalf in any of its announcements
or documents,
without the ability of deriving right from the corrected
announcements.

All sales shall be concluded on the fall of the hammer or as
indicated by the
auctioneer and no purchaser may thereafter revoke his bid.
Title to the lots
purchased shall not pass until payment in full of the
purchase price is
received.

Rigging/Removal of sold equipment is the sole responsibility
of the buyer and
must be completed by the posted date.  Rigging/Removal may
not begin until
payment has been made in full and the auction sale is
complete.  All heavy
rigging requiring the use of forklifts, cranes, etc whether
performed by the
customer or a rigging company, must present a certificate of
insurance for
$1,000,000.00 naming Asset Sales, Inc. as the insured.  

Recommendation or approval of Riggers by Asset Sales, Inc.
by any employee
or agent of Asset Sales, Inc. or by any affiliated entity of
Asset Sales, Inc.,
shall be done only as an accommodation to the Buyer.  Such
recommendation
or approval shall not cause Asset Sales, Inc. to be liable
in any way for any act
or omission of any such Rigger.  Selection of a Rigger is
solely within the
discretion of the buyer, and Buyer acknowledges and agrees
that it shall have
no rights or remedies against Asset Sales, Inc., any
employee or agent of
Asset Sales, Inc. or any affiliate of Asset Sales, Inc.
based upon any act or
omission by a Rigger.

ALL SALES ARE FINAL, ON AN "AS IS - WHERE IS", "IN PLACE",
"WITH ALL
FAULTS" BASIS WITH NO CONDITIONS OR WARRANTIES WHETHER
EXPRESSED,
IMPLIED, STATUTORY OR OTHERWISE, INCLUDING WITHOUT
LIMITATION,
WARRANTIES OR CONDITIONS AS TO TITLE, DESCRIPTION, FITNESS
FOR
PURPOSE, QUANTITY, QUALITY, MERCHANTABILITY, STATE,
CONDITION,
LOCATION OR OTHERWISE.  NO SALE SHALL BE INVALIDATED AND THE
AUCTIONEER SHALL HAVE NO LIABILITY FOR A MISDESCRIPTION OF
ANY
ARTICLE OR LOT WHETHER CONTAINED IN A CATALOGUE,
ADVERTISEMENT
OR OTHERWISE. DESCRIPTIONS HAVE BEEN PREPARED FOR GUIDE
PURPOSES
ONLY AND SHALL NOT BE RELIED UPON BY THE PURCHASER FOR
ACCURACY
OR COMPLETENESS. BY SUBMITTING A BID, THE BUYER/BIDDER
AFFIRMS IT HAS
INSPECTED ALL ITEMS BEFORE BIDDING. PURCHASERS SHALL BE
DEEMED TO
HAVE RELIED ENTIRELY UPON THEIR OWN INSPECTIONS AND
INVESTIGATIONS.

No article shall be removed unless paid in full and all
articles purchased shall
be removed in the time allocated by the auctioneer or as
stated on the
invoice. No item, no matter how small or how far the
purchaser has to travel,
may be removed until the close of the auction sale. The
purchaser shall be
responsible for all costs of removal and shall be liable for
any damage,
including without limitation, any environmental damage,
caused during or as
a result of the removal. Purchasers shall comply with all
environmental laws
and regulations and all requirements established by the
auctioneer for the
removal of articles, including requirements as to bonding of
movers.

Where available, documents of transfer, including motor
vehicle ownership
documents, which are in the possession of the auctioneer,
will be provided to
the purchaser within 7 days following the auction or as soon
thereafter as
such documents are available.

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
to 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 for loss of
profits.

The auctioneer reserves the right to refuse any applicant
the privilege of
bidding or attending the auction and may revoke such
privilege at any time.

Time will be of the essence. If a purchaser fails to make
payment or remove
goods within the time periods announced by the auctioneer at
the beginning
of the auction, the auctioneer may resell the article
purchased by auction, a
private contract or otherwise, as the auctioneer at his
discretion deems
advisable, and the purchaser shall be liable for the
shortfall and all costs and
expenses, including but not limited to interest rates (a
minimum of 1.5% per
month or 18% per annum), legal fees, moving and storage (a
minimum rate of
$2.00/sq ft per month) and commissions, incurred in such
resale.

No purchaser may assign, transfer or dispose of his rights
in any article
purchased before he has paid the purchase price in full. No
reselling will be
allowed from the premises.

Asset Sales, Inc. shall have the right to make image and
audio video
recordings of the auction, to use said recordings and if
deemed appropriate,
to make this public.  Participants give their permission by
participating in the
auction.

The buyer acknowledges that by filling out this
form/registering online, the
buyer gives written consent to Asset Sales, Inc. to
communicate via e-mail to
the address(es) listed herein. The buyer confirms that they
have authorization
to provide consent for e-mail to the e-mail address(es) that
the buyer
provides, and further agree to indemnify and hold harmless
Asset Sales, Inc.
for any action or loss arising from any incorrect or false
e-mail address(es)
 provided herein. The buyer acknowledges that, should the
buyer desire to
revoke this written authorization, the buyer will inform
Asset Sales, Inc. of
such revocation.

All risk of loss shall pass to the purchaser at the time of
payment excepting;
the auctioneer shall reimburse the purchaser for all monies
paid to the
auctioneer in respect to any article that the auctioneer
cannot deliver due to
thief or disappearance. The auctioneer shall have no further
liability to the
purchaser arising from or relating to such loss, including
without limitation,
any damages for loss of profits.

The buyer hereby assumes and does agree to indemnify and
hold the
auctioneer and seller harmless from any current or future
claim which shall
pertain to the fitness, use, damage, safety, injuries to
persons or property
that may have been caused by or during removal or use of
item(s) purchased,
or any other claim regarding the use of that asset as
purchased. All buyers
acknowledge and accept with their signature, the terms of
the sale printed on
these registration cards/bidder paddles.

This sales transaction shall be governed by and construed in
accordance with
the local laws of the state of North Carolina, USA.  The
venue for trial or
resolution of any dispute arising out of or related to this
transaction shall be
the North Carolina State Courts sitting in Mecklenburg
County, North
Carolina, USA.  If any provision of these terms and
conditions shall be held
invalid, illegal, unenforceable or inoperative, the balance
of the terms &
conditions shall remain in full force and effect as if such
provisions had not
been included.

The auctioneer is acting as agent only and is not
responsible for the acts of its
principles.

These terms and conditions with any amendments or
modifications expressly
made by the auctioneer at the time of the auction 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 hereinabove provided.

A 13% Buyer`s Premium will apply to all onsite purchases.
 16% Buyers
Premium for online purchases.

REGISTRATION & BIDDING ONLINE:
If you plan to bid with Bidspotter.com, you must be pre-
approved by Asset
Sales, Inc.  The pre-approval process is easy but necessary.
 Asset Sales, Inc.
will verify telephone number and confirm agreement to the
Terms &
Conditions.

All bids constitute a legally binding contract and bidders
will be legally
obligated to make payment and remove items in accordance
with the terms
and conditions of the sale.

If you are tax exempt please fax or email Kim your tax
exempt certificate.
Kim@asset-sales.com or 866 4703149