2011 Terms of Sale Agreement

SELLER RESERVES THE RIGHT TO
ACCEPT OR REJECT ANY AND ALL
BIDS

12% Buyers Premium on all
sales
3% Internet Fee

Full Payment at Termination of
Sale
All Bills must be completed on
Day of Sale unless
arrangements are made with
Auction House prior to
bidding.

1. Only Checks, Wire
Transfers or Cashiers Checks
payable
to Schneider Industries Inc.
will be accepted. No equipment
will be removed from the sale
site until payment is received
by Schneider Industries. NO
EXCEPTIONS!

2. While descriptions are
believed to be correct, the
seller?s agent or the owners
make no warranties or
guarantees expressed or
implied, as to the
genuineness,
authenticity of, or defect in
any lot and will not be held
responsible for advertising
discrepancies or inaccuracies.
Everything sold ?AS IS? and
?WHERE IS? except as expressly
made in writing. No
warranties are made as to the
merchantability of any items
or their fitness for any
purpose.

3. Purchaser hereby agrees to
defend, indemnify and
hold harmless Seller its
directors, officers, employees
and
other agents and
representatives from and
against any and
all liabilities, judgments,
claims, settlements, losses,
damages, penalties,
obligations and expenses,
including
attorney's fees and expenses
and other professional fees
and expenses, 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 Goods sold hereunder.
This
indemnification shall survive
delivery of the Goods to
Purchaser and any subsequent
sale or other transfer of the
Goods to a third party.

4. It is the buyers
responsibility to secure all
safety
equipment to meet all
applicable government safety
standards in using or removing
items purchased.

5. Sales Tax will be added to
the purchase of all
taxable items. Dealers who
purchase for resale must file
their resale permit numbers.
If sales tax is not collected
at the time of sale and is
deemed needed to be paid at a
later date, buyer agrees to
pay all required taxes.

6. Purchaser does hereby
indemnify and hold harmless
auctioneer and seller from any
and all damages, claims or
liabilities from injuries to
persons or property of any
type whatsoever caused during
the sale or by the removal of
items purchased.

7. Seller?s agent and Seller
shall have no liability to the
purchaser due to non-delivery
of any item for any reason
other than to return to the
Purchaser the monies deposited
for non-delivered items.

8. In the event the purchaser
fails to pay the whole of the
purchase within the time set
forth by the auctioneers
and/or fails to comply with
any of the conditions or terms
of sale, the seller may retain
and/or recover the deposit
specified as liquidated
damages and, in addition
thereto, items that are not
paid for can be resold at
public or private sale without
further notice. Any deficiency
resulting from such resale
shall be paid to the
auctioneers by the defaulting
purchaser together with all
charges, fees, and expenses
incurred by such resale and
enforcement of the obligation
hereunder.

9. The Bidder becomes solely
responsible for all items
purchased by him immediately
following his winning bid at
the auction. Therefore, he is
advised to further guard and
insure his items at his own
discretion.

10. Items must be removed from
the premises within the
removal time announced at the
sale. No item can, on any
account, be removed before
termination of the sale.
Removal
shall be at the expense, risk
and liability of the
purchaser. Auctioneers shall
not be responsible for items
not removed within the time
allowed. If equipment is not
removed within specified
removal time, purchaser shall
be
liable for any moving and
storage costs incurred and, if
not so removed, the items
shall be deemed abandoned.

11. If any shortage exists on
estimated counts, an
adjustment will be made if
claims are made at time of
removal. No adjustment will be
allowed after items are
removed from the premises.

12. If any dispute arises
between two or more bidders,
the
seller?s agent may or may not
put the lot up again at once,
and resell.

13. The seller?s agent, when
acting as agent only, is not
responsible for acts of its
principals.

14. 12% Buyers premium will be
applied to all sales. 3%
Internet Fee to all sales over
the internet. Seller reserves
the right to accept or reject
any and all bids.

15. By accepting a sale
listing catalog and signing
this
form the buyer agrees to these
terms and any announced terms
at the sale.

You will receive notifications
regarding your purchases as
well as notifications of our
upcoming sales.