WILLIAMS & LIPTON COMPANY
32316 GRAND RIVER AVENUE
SUITE 101
FARMINGTON, MICHIGAN 48336
(248) 478-2000
FAX (248) 478-4046
Website:
www.williamsandlipton.com
Our brochure can be viewed
from our website!

AUCTION TERMS AND CONDITIONS:

There is a 15 %
Buyer?s Premium applied to all
bidders who purchase at
this sale.

NOTICE: ALL BIDDERS AND OTHER
PERSONS PARTICIPATING IN THIS
SALE AGREE THAT THEY HAVE READ
AND HAVE FULL KNOWLEDGE OF
THESE TERMS AND CONDITIONS AND
AGREE TO
SUCH TERMS AND CONDITIONS AS
STATED! YOUR REGISTRATION ON
THIS WEBSITE AND THIS AUCTION
IS YOUR ACKNOWLEDGMENT.

IDENTIFICATION - All
purchasers are required to
give their
full name, company name,
address, phone number,drivers
license number,
signature, bank information
and email address. This email
address will be used to send
you your auction invoice for
your purchases.

TERMS - The buyer does hereby
assume and does agree to
indemnify and hold the
auctioneer and seller harmless
from
any future claim which shall
pertain to the fitness or use
of the assets being
purchased.

DEPOSIT - Each bidder is
required to make a 25%
deposit
by mail, ACH or wire transfer
in
order to particpate in this
auction. Anyone outside of
the continental United States
will be required to wire
transfer a minimum deposit of
$5000.00 to be approved for
all non-onsite bidding. Your
deposit must be
received by our bank or at our
office before you will be
approved to bid at this
auction. All Deposits
received in any form (cash,
check, ach, wire transfer,
counter credit, money orders
or cashiers check) not applied
towards an auction purchase
will be refunded by Williams &
Lipton Company via company
check at the time the final
Auction Report of Sale is
complete and the funds are
released from escrow,
generally 7 to 10 days from
the sale date. We do not
accept Credit Cards. No
refunds
are issued for less than $10.


REMOVAL DATES: The removal
dates for this auction are
May 9TH only. NO
EXCEPTIONS. THERE WILL BE A
$500.00 COST, PER DAY, FOR ALL
BUYERS WHO DO NOT HAVE THEIR
PURCHASES REMOVED.

REMOVAL - Removal is at the
expense, risk and liability
of the purchaser. Purchases
will be released only upon
presentation of a paid
invoice. The auctioneer will
not be responsible for items
not removed within the time
allowed, but does have the
option to remove and store, at
the risk and expense of the
purchaser, any article
purchased but not paid for and
removed within the time limit
mentioned earlier. It is the
responsibility of the buyer to
completely remove any article
purchased by him and should
any part of any such article
be abandoned, the buyer will
be liable for any expense
involved in its removal.
Additionally, if the
equipment is not removed by
the specified removal date,
each individual company will
be charged $500.00 per day to
do any removal.

MANNER OF PAYMENT ? All bills
must be paid within 48 hours
of the end of the sale. We
will accept your company check
under the following conditions
a.) the check is certified at
time the of purchase b.) you
submit a letter from your bank
at time of purchase,
guaranteeing unqualified
payment of your check. All
checks for deposits and
balances due are to be made
payable to the order of
WILLIAMS & LIPTON COMPANY. All
checks are to be cashier's or
certified funds. We do not
accept credit cards! All bids
must be paid to
representatives of the
auctioneer on the premises.
The full purchase price, on
all lots purchased, must be
paid prior to the removal of
any of the lots.
EXAMPLE Please show this
letter to your bank.
To: Williams & Lipton
Company, Farmington, Michigan
Mr. (Customer Name) of
(Company Name) is a customer
at this bank. This bank will
guarantee irrevocable,
unqualified payment for full
face value stated on this
letter to Williams & Lipton
Company for checks drawn on
(account number) for an amount
up to $_____.00. This letter
is Valid for seven (7) days
and for the (Name of Auction)
ONLY.

CONDITION OF ARTICLES SOLD -
The auctioneer shall not be
held responsible for the
correct description,
genuineness,
authenticity of or defect in
any lot, and makes no warranty
in connection therewith. No
sale will be set aside or
allowance made for any
incorrectness, error in
cataloging or any imperfection
not noted. No allowances or
deduction will be made on
damaged articles. All goods
are exposed for public
exhibition and sold "AS-IS"
"WHERE-IS" and without
recourse.

CLAIMS - No claim will be
allowed for shortages after 24
hours or after removal of
goods from the premises.

RESPONSIBILITY FOR NON-
DELIVERY - The auctioneer is
not, in any event, liable for
the non-delivery, to any
purchaser, of any lot
purchased.

COMPLIANCE WITH TERMS OF SALE
- In default of payment of
bill in full within the time
limit stated, the auctioneer
may retain all monies received
as deposit or otherwise as
liquidated damages. Any lot
not fully paid for within the
time stated will be resold at
public or private sale without
further notice. Any
deficiency, together with all
expenses and charges of resale
will be charged to the
defaulting purchaser.

RISK TO PERSON AND PROPERTY -
Any person attending
inspection day, auction sale
day or during the removal
period assume all risks of
damage or loss to person or
property and specifically
release the auctioneer and his
principal from any
liabilities. Neither the
auctioneer nor his principal
is responsible for any defect
or the condition of the
premises on which the sale is
held.

ADDITION TO OR WITHDRAW FROM
SALE - The auctioneer reserves
the right to withdraw from the
sale any property listed and
also to add property not
listed to this sale. Also,
the auctioneer may group lots
or subdivide lots in order to
benefit the seller. The
auctioneer reserves the right
to sell all the property
listed in bulk.

WILLIAMS & LIPTON COMPANY
32316 Grand River Avenue,
Suite 101
Farmington, Michigan 48336
(248) 478-2000 FAX (248)
478-4046
Website:
www.williamsandlipton.com

AUCTION TERMS AND CONDITIONS
(CONTINUED):

SALE BY ESTIMATED WEIGHT,
COUNT OR MEASURE ? When items
are sold in this manner, the
purchaser will be billed
accordingly. If upon delivery
a shortage exists, the
purchaser will receive a
refund at the rate of
purchase.
However, if there is an excess
the purchaser will be billed
in the same manner and
required to take the excess.

DISPUTE BETWEEN BIDDERS ? If
any dispute arises between
bidders, the auctioneer may
decide the same or put the lot
up for sale again at once.
The auctioneers decision is
final and absolute.

RESERVE ? The auctioneer
reserves the right to accept
or
reject any and all bids. If
there is a reserve on a lot,
the auctioneer has the right
to bid on behalf of the
seller. If there is a reserve
on any particular single item,
the auctioneer can reject the
highest bid subject to the
reserve after the conclusion
of the sale. The auctioneer
may disclose this information
if he so chooses.

RECORDS ? The record of sale
that is kept by the auctioneer
and his bookkeeper will be
taken as final word in the
event of a dispute.

AGENCY ? The auctioneer is
only an agent and not
responsible for the acts of
his principal.

THIRD PARTY PICK-UP ? Any
buyer that is going to have
someone other than himself
pick-up his purchases must
notify that auctioneer in
writing.

ADDITIONAL TERMS AND
CONDITIONS ? 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. 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. The auctioneer may
add other terms and conditions
prior to the start of this
sale.

WE APPRECIATE YOUR ATTENDANCE
? Please present any questions
or requests at once to the our
office at
248-478-2000. We hope that you
will enjoy our auction
methods and that you are
successful with your
purchases.





WILLIAMS & LIPTON COMPANY
32316 Grand River Avenue,
Suite 101
Farmington, Michigan 48336
(248) 478-2000 FAX (248)
478-4046
Website:
www.williamsandlipton.com

PROCEDURES FOR BUYERS OR
RIGGERS REMOVING EQUIPMENT

Following are the terms for
equipment disconnect and
removal. All Buyers and their
contractors and their
helpers, who participate in
the disconnect and/or removal
of the equipment are required
to review, acknowledge, accept
and abide by the following
before commencement of any
removal activity.

Rigging is the total
responsibility of the buyer.
Williams & Lipton Company does
not do any rigging or
assisting in anyway in the
rigging process. The removal
deadline will posted around
the auction facility. No
extensions will be granted.

Additional terms and
conditions may be announced
and
required by the Auctioneer.

1. Buyer/Rigger must
present the original yellow
copy
of the customer invoice to
authorized Williams & Lipton
Company personnel prior to
removal of any equipment.

2. No items, no matter
how small, may be removed
while the Auction is in
progress. We will stay one
hour after the Auction is
completed for removal of small
items. All small items must
be removed by 4 PM on the
first removal day
following the Auction.

3. All Buyers/Riggers
must present authorized
Williams & Lipton Company
personnel with a liability and
workmen?s compensation
insurance certificate in the
amount of at least
$1,000,000.00 prior to
commencing any removal
activities.

4. Should any pits, floor
bolts or hazards of any type
exist after removal of
equipment, it is the
responsibility and cost of the
Buyer/Rigger to guard these
areas using generally accepted
safety practices, such as
safety tapes, pipes or bars
welded in place, or suitable
safety barrier acceptable to
Williams & Lipton Company.
All floor bolts and/or
anchoring fasteners are to be
cut flush to the floor and the
area left broom clean. All
electric wiring and utility
piping must be safely
disconnected at the incoming
main switch or valve, which
will remain with the building.

5. Machines are to be
staged for loading in the area
assigned by Williams & Lipton
Company.

6. Any hydraulic fluid or
oil leaks are the
Buyer/rigger?s responsibility
to clean up. Buyer/Rigger
must take full responsibility
for and exercise all
reasonable care to ensure that
there is no release to the
environment of any hazardous
wastes or substances as
defined in applicable Federal,
State and Local Statues,
Regulations, Rules or
Ordinances.

7. It is the
responsibility of the
Buyer/Rigger to
disconnect all electrical
power to the equipment.
Please
check to make sure that the
power is off to the machines
before disconnecting.

8. No trucks are to be
left running in an enclosed
building. Williams & Lipton
Company is not liable for
equipment or tools left on
premises.

9. Liable for damages-Any
surface or structural damage
to walls, ceilings, floors,
overhead doors, gates, etc.
will be the Buyer/Rigger?s
responsibility. Williams &
Lipton Company personnel are
instructed to report damage to
the Home Office and Plant
personnel immediately.
Buyer/Riggers will not be
permitted to leave with
equipment until repairs are
made.

10. Theft will not be
tolerated and we reserve the
right to inspect all trucks,
tool boxes and rigger cases.
Instances of theft will result
in the immediate termination
of removal privileges and full
prosecution by law.