AUCTION TERMS & CONDITIONS

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:

1. A $1,000 deposit is required at the time of
registration. This will allow for purchases up to $4,000.
An additional 25% deposit will be required at the time of
purchase for purchases in excess of $4,000. The balance of
the purchase price must be paid in full within the time
period herein provided in the “Event Specific Terms &
Conditions”. All payments shall be by way of cash, Interac,
Visa, Mastercard, certified cheque, bank draft, wire
transfer, or company cheque with a Bank Letter of Guarantee.
Deposits on account of purchases may be made in advance of
the auction and the balance thereof will be refunded
immediately after the auction. Additional items have been
added to the sale. The Auctioneer reserves the right to put
articles back up for auction if deposit is not received at
or before time of sale.

2. Sales taxes arising on a sale shall be paid to the
Auctioneer at the time of sale.

3. 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. Auctioneer
reserves the right to sell on behalf of third parties, it`s
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.

4. Auctioneer reserves the right to sell subject to
reserve and to purchase for it`s own account and or for the
account of others, whether by verbal or written proxy, all
subject to prior sale.

5. 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.

6. ALL SALES ARE FINAL, ON AN "AS IS - WHERE IS", "IN
PLACE", "WITH ALL FAULTS" BASIS WITH NO CONDITIONS OR
WARRANTIES. WHETHER EXPRESS, 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 BY
REASON OF 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. PLEASE INSPECT ALL ITEMS BEFORE
BIDDING. PURCHASERS SHALL BE DEEMED TO HAVE RELIED ENTIRELY
UPON ITS OWN INSPECTION AND INVESTIGATIONS.

7. No article shall be removed unless paid for in full
and all articles purchased shall be removed within the time
period herein provided in the “Event Specific Terms &
Conditions”. 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. Please refer to the “Removal Terms & Conditions”
herein provided.

8. Where available documents of transfer, including
motor vehicle ownership documents, which are in the
possession of the Auctioneer, will provide to the purchaser
within seven days following the auction or as soon
thereafter as such documents are available.

9. 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 profits.

10. 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.

11. Time shall be of the essence. If a purchaser fails
to make payment or remove goods within the time periods
herein provided in the “Event Specific Terms & Conditions”,
the Auctioneer may resell the article purchased by auction,
private contract or otherwise, as the Auctioneer in 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 cent per annum), legal fees,
removing and storage (a minimum rate of $2.00 sq ft per
month) and commissions, incurred in such resale.

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

These terms and conditions together 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 the articles at this auction. There
are no representations, warranties, terms, conditions,
undertakings, or collateral agreements except as hereinabove
provided.