"Whirl Dex" Rotary Indexing Table (LOCATION NO. 1, SULLIVAN, MO.)

Terms and Conditions
1. IDENTIFICATION: All purchasers are required to register and give full name, address.  All
perspective international webcast bidders must post a 10% deposit of approximate planned spending
budget or minimum of $5,000.00 in order to be approved. No exceptions will be made
2. Buyer is responsible for any applicable Sales and Use Taxes and will supply AUCTION
COMPANY/SELLER documentation and proof that is acceptable to the State in which assets are
located to the Auctioneer. Should the State reject such documentation buyer will make the payment of
said taxes immediately and agrees to defend Company/Seller from any and all tax claims. In any case
the sales tax liability remains the sole obligation of the purchaser.  For purchases without proof of
exemption, sales tax at the applicable rate of  will be added to the purchase price plus the buyer’s
premium and remitted to the Auction Company.
3. A Buyer’s Premium (18%) of the bid price will be added to the price of each item purchased to arrive
at the total purchase price.
4. AUCTIONEER reserves the right to group, reduce, add or delete lots. AUCTIONEER reserves the
right to bid on behalf of the owner.
5. REMOVAL: Buyer is solely responsible to provide any personnel, equipment or material needed to
pick up purchases and shall assume all responsibility for the removal of any item purchased at the
sale. Buyer is required to remove within the stated time frame which is on their invoice unless prior
arrangements have been made in writing and approved by AUCTIONEER/SELLER. Removal: BY
APPOINTMENT ONLY-ALL ITEMS MUST BE REMOVED BY 12/11/18.  All purchases must be
removed in their entirety.  Items will be considered abandoned, and buyer shall lose all rights to said
equipment without recourse or refund due from AUCTION COMPANY/SELLER after the removal
deadline.
6. Although information has been obtained from sources deemed reliable, AUCTIONEER/SELLER
makes no warranty or guarantee, expressed or implied, as to the accuracy of the information herein
contained or the fitness for duty of any of the assets. All assets are being sold “AS IS, WHERE IS, NO
EXCEPTIONS”.
7. If for any reason an item shall become non-deliverable, AUCTIONEER/SELLER 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 monies actually paid to AUCTIONEER/SELLER for said lot, should the Buyer
be entitled thereto. No adjustments will be made after the assets are removed from the sale site.
 8. PAYMENT: Invoices must be paid in full by close of business DECEMBER 4, 2018 or prior to
removal, whichever occurs first. A buyer’s premium (18%) will be applied to all invoiced sales and
sales tax will apply without appropriate proof of exemption.   Business checks will not be accepted
without a letter of verification from your bank similar to below.
(Your Bank Name) unconditionally guarantees payment to Gerrard Group from (Your Company Name)
up to the amount of __________. This guarantee will be valid for purchases made at the auction of
(Auction Name) on (Auction Date).
NO ASSETS WILL BE RELEASED UNTIL INVOICE IS FULLY PAID.
9. MANNER OF PAYMENT:  All deposits and balances due shall be payable to the order of Gerrard
Group.  All payments must be made by Cash, Cashier`s Check, Wire Transfer or Company Check with

Bank Letter of Guarantee. The full purchase price on all lots sold to the same buyer must be paid in full
by DECEMBER 4, 2018 and before removal of any of the assets.
10. All assets are being sold “AS IS, WHERE IS” and buyer acknowledges they have inspected all
assets prior to bidding. While all care was taken in gathering information on the equipment that is for
sale, AUCTIONEER/Seller will not be held responsible for the correctness of the descriptions.
INSPECT BEFORE YOU BUY!
11. All persons are inspecting, bidding and removing assets at their own risk and liability without
recourse on AUCTIONEER/SELLER. Further the undersigned and their employees or agents agree to
hold AUCTIONEER/SELLER and their agents and employees harmless from all claims of any kind or
type.
12. All sales are in US Dollars.
13. By agreeing to these terms and conditions you signify that you have the authority and you are
binding your company, yourself (as an individual and/or employee) and any agents or persons who
conduct business using your buyers number and/or under your employment or control. This includes
liability as to payment and all disclaimers.
14.  Buyer hereby agrees to defend, indemnify and hold harmless AUCTIONEER/SELLER their
directors, officers, employees and other agent representatives from and against any and all liabilities,
judgments, claims, settlements, losses, damages, penalties, obligations and expenses, including
attorney’s fees, incurred or suffered by such person arising from, by reason of, or in connection with
any loss, damage or injury to person or property arising from, by reason of or in connection with the
assets sold hereunder.
15. Any controversy or claim arising out of or related to this Agreement, or any alleged breach of the
terms hereof, shall be settled by arbitration in accordance with the rules, procedures, and regulations
promulgated by the American Arbitration Association (“Arbitration Proceeding”). The arbitration hearing
shall be held in the State of Missouri. The Parties hereby agree that the award rendered by the person
conducting the Arbitration Proceeding (“Arbitrator”) shall be final and nonappealable, and judgment
may be entered upon the award in any court of competent jurisdiction. The Arbitrator shall not have the
authority to award punitive damages against either Party. The Party who files notice of demand for an
Arbitration Proceeding (“Initiator”) must assert in such demand all claims then known to the Initiator
against the other Party (“Respondent”), and the Initiator may amend its demands and claims only with
the consent of the Arbitrator.
16. Backup Bidder: If a winner at the auction does not meet obligations to pay for the lot purchased,
the next highest bidder will be considered the winning bidder and will be required to close on such
purchase within the terms and conditions herein.
17. ADDITIONAL TERMS AND CONDITIONS: The AUCTIONEER may add other terms and
conditions of sale, such additional terms and conditions to be posted online prior to the auction.
18. All online bids are considered offers until the auctioneer sends out the invoices for the auction, at
which time the sale is final.  Auctioneer reserve the right to, (1) cancel, suspend, extend or reschedule
the sale of an individual lot, auction and/or auction event, (2) make changes to the auction’s closing,
inspection, or removal times, or (3) take any other action the Auctioneer deems necessary to effect the

fair conduct of this sale/auction.  It is recommended that you check your emails often during the
auction for updates and/or changes to the auction process.