Terms & Conditions

A $1,000 Refundable deposit is required for registration for on-line buyers,
$500 for on-site buyers.

On-line Registration MUST BE COMPLETED by [To Be Posted] 15% Buyer?s
Premium will apply to all On-Site Purchases, 18% to On-Line Purchases.
Final Payment due in Full by June 22md, Removal Deadline, Small Items July
15th, Major Items TBD (NO EXCEPTIONS) Site
Supervisor: Voytek Kulpa (647) 991-6905, vkulpa@hilcocanada.com
Accounting Contact: Franca Guida (416) 252-1955, fguida@hilcocanada.com

Banking Information: TD Canada Bank ?C Commercial Banking Centre
Account #5240592
Swift Code: TDOMCATTTOR
Bank # 0004, Branch: 12772
7085 Woodbine Ave., Near Steeles Avenue
Markham, Ontario L3R 1A3
Account Name: Hilco Asset Sales Canada Corp.
Reference: St Marys Paper Corp
EVERY ITEM SOLD "AS IS".
NO GUARANTEES OR WARRANTIES WHATSOEVER.
PLEASE INSPECT THE ITEMS BEFORE BIDDING.
ALL SALES ARE FINAL - NO EXCEPTIONS.
ALL SALES ARE SUBJECT TO A BUYER'S PREMIUM, THE RATE OF WHICH WILL
VARY SALE TO 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:

1. Upon registration, Hilco Asset Sales Canada ("Auctioneers") grants to the
registered party ("Bidder"), the right to use the Hilco Asset Sales Canada Online
Auctions system for the purpose of bidding at an auction sale to be conducted
by Auctioneers. Such right is granted at the Auctioneers sole discretion and may
be revoked at any time. Only one (1) bidder per username/account is allowed.
The party whose information was provided at the time of registration is
responsible for all purchases under that bidder username/account number.
Auctioneer reserves the right to refuse issuing an account number.

2. Online bidders are required to provide a valid MasterCard or Visa in order
to be approved to bid. The card will be charged a $500 pre-authorized deposit
for registration. Please see your invoice for instructions on processing your
payment by credit card. We reserve the right to charge your credit card for your
purchases in the event of non-payment.

3. All Bidders are required to provide accurate and complete personal
information and the Bidder hereby further agrees that whether he is acting as a
principal, an agent, or an officer or director of a corporation, or otherwise in
any capacity whatsoever, the Bidder is personally liable for the payment of the
purchase price, buyers premium and taxes payable with respect to any and all
lot or lots for which the Bidder is the successful bidder at the auction.

4. BUYERS PREMIUM: A Buyer's Premium will be in effect for this sale. Please
see Sale Specific Terms for amount of BP.

5. ALL PURCHASES MUST BE PAID IN FULL UPON RECEIPT OF INVOICE.
Invoices must be paid within 24 hours of auction closing. All payments must be
made by Certified Cheque or Wire Transfer, Visa and Mastercard accepted up to
$1000. Certified Cheques must be made payable to Hilco Asset Sales Canada.
The auctioneer reserves the right to put articles back up for auction if deposit is
not received at or before the time of sale.



6. Absolutely no items will be removed before the conclusion of the sale and
payment is made in full. All purchases must be paid for in advance of the goods
being released. No goods will be released without presentation of the invoice
marked "Paid in Full." Taxes arising on a sale, including applicable state sales
taxes, shall be paid to the Auctioneer at the time of sale. Purchasers claiming
exemptions from taxes must 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.

7. All articles will be sold 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, and may
reject any and all bids. 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.

8. Any disputes as to bidding shall be settled by the Auctioneer at its sole
discretion and the Auctioneer may, at its discretion, put any lot in dispute up
for sale again. The Auctioneer is to regulate the bidding and be the sole arbiter.
No bidder may retract his bid.

9. All sales are final, on an "As 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. Please inspect all items before bidding. Preview and inspection
dates will be published online at www.hilcocanada.com/auctions. All
advertising, lot catalogs, or any other source of information provided by
Auctioneer is subject to additions, deletions and prior sale. No sale shall be
invalidated and the Auctioneer shall have no liability for a mis-description of
any article or lot whether contained in a catalog, advertisement or otherwise.
Descriptions have been prepared for guide purposes only and shall not be relied
upon by the Purchaser for accuracy or completeness. Purchasers shall be
deemed to have relied entirely upon their own inspections and investigations.

10. While Hilco endeavors to ensure that the Websites are normally available
24 hours a day, Hilco shall not be liable if for any reason the Websites are
unavailable at any time or for any period. Access to the Websites may be
suspended temporarily and without notice in the case of system failure,
maintenance or repair or for reasons beyond Hilco's control. Hilco reserves the
right to relist or adjust bidding periods on any auction due to system
malfunction.


11. There shall be no guarantees or warranties, expressed or implied,
statutory or otherwise of any nature whatsoever in respect of the Lots offered at
the auction. Each and every Lot will be sold ?As Is." Specifically, but without
limitation, Auctioneer makes no representation or warranty that any of the Lots:
(a) conform to any standard in respect of safety, pollution or hazardous material
or to any standard or requirement of any applicable authority, law or
regulation, or
(b) are fit for any particular purpose, or
(c) are merchantable or financeable, or
(d) are of any particular age, year of manufacture, model, make or condition.

12. Bidder agrees he has satisfied himself and is not relying on Auctioneers,
nor are Auctioneers liable, for any matter in respect of the above. Bidder further
agrees to repair, at his cost, any lot purchased at the auction to a safe operating
condition and, without limitation, to a condition which meets any standard or
requirement of any applicable authority, law or regulation including those
concerning any use to which the lot may be put.

13. No article shall be removed unless paid for in full and all articles
purchased shall be removed within the time frame specified by the Auctioneer.
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.

14. 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 independent contractors. All
independent contractors must provide the Auctioneer, Owner and Landlord
certificates of liability and worker's compensation insurance in amounts
acceptable to the above parties. The Auctioneer has sole discretion to refuse
any independent contractor from working on the premises.

15. 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 seven days following the auction or as soon thereafter as
such documents are available.

16. The Bidder grants to the Auctioneers a security interest in the Purchases,
to secure payment of the purchase price. In the event of non-payment, the
Auctioneers may proceed to file the Bidder Registration Agreement as to perfect
the security interest granted by this Security Agreement.

17. 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 for loss of
profits, travel time, expenses, or lost time.


18. 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.

19. 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 resell the articles purchased by auction, private contract or otherwise, as
the Auctioneer in his discretion deems advisable, and the Purchaser shall be
liable for the short fall and all costs and expenses, including but not limited to
interest rate (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.

20. Bidder acknowledges that an 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 agents and employees. No person shall have any claim against the
Auctioneers, their agents, employees or principals for any injuries sustained nor
for damages to or loss of property which may occur from any cause whatsoever.

21. Bidder acknowledges he has received, read, and understands these Terms
1 through 21 above and agrees to comply with and be bound by such.