Misc. Drill Bits

ONLINE TIMED AUCTION- Surplus Assets of Firelake Manufacturing complete operations in Metal Fabricating. Lots begin closing at 11:00 AM Central Time, November 17^th, 2015. All lots located at

961 North Frist Street, Dassel, MN. 55325. Unless noted.

Terms & Conditions for: Strand Industrial Auctions, Inc.

-There is a 16% Buyer’s Premium applied to on-line bidders who purchase at this sale.

-Sales Tax of 6.875% will be charged on all purchases

-Please enter your Credit Card Information When You Register.

SORRY, NO CREDIT CARDS WILL BE ACCEPTED FOR THIS SALE.

-NOTICE: ALL BIDDERS AND OTHER PERSONS BIDDING AT THIS SALE AGREE THAT THEY HAVE READ AND HAVE FULL KNOWLEDGE OF THESE TERMS & CONDITIONS AND AGREE TO BE BOUND THEREOF!

-IDENTIFICATION - All purchasers are required to give their full name, company name, permanent address (NO PO BOXES WILL BE APPROVED), phone number and signature.

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

REMOVAL - No lot can, on any account, be removed during the auction sale. Removal is at the expense, risk and liability of the purchaser. All successful bidders must pay in full for all goods and funds must clear prior to removal, Purchases will be released only upon presentation of a paid invoice. The auctioneer will not be responsible for items / lots not removed within the time allowed, but does have the option to remove and store, at the risk and expense of the purchaser or resell the lots at public or private sale without giving further notice, and any deficiency will be charged to the purchaser. 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.

MANNER OF PAYMENT – All bills must be paid within 48 hours of the end of the sale (Receiving your winning notice/invoice from Bidspotter). We will accept the following forms of payment: Your Company check if accompanied with a letter of guarantee from your bank, wire transfer, certified check. Cash will also be accepted. All forms of payments due are to be made payable to the order of: Strand Industrial Auctions Inc. Personal checks less than $250.00 will be accepted. Contact Strand Industrial Auctions, Inc. for Wire Transfer information. All invoices must be paid in full within 48 hours of the close of sale. All lots must be paid in full prior to the removal.

WIRE INFORMATION:

ANCHOR BANK NA

1570 CONCORDIA AVE.

ST. PAUL MN 55104

FBO STRAND INDUSTRIAL AUCTIONS, INC.

1055 WAYZATA BLVD

WAYZATA MN 55391

ACCOUNT NUMBER: 100025539

ROUTING NUMBER: 096015232

SWIFT CODE FOR INTERNATIONAL WIRES IN US FUNDS: ANCRUS44

-EXAMPLE

Please show this letter to your bank.

To: Strand Industrial Auctions, Inc. Hamel, MN.

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 Strand Industrial Auction, Inc. 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. Purchaser acknowledge that the goods described herein are preowned used goods which were neither designed nor manufactured by the seller, nor has the Seller knowledge of, or control the prior use or misuse of said goods, nor does the Seller have knowledge or control over the future application of these goods by the Purchaser. Purchaser in purchasing equipment agrees upon receipt of machinery subject to this agreement it will be buyers duty to inspect all machinery on a continuing basis; provide proper safety devices and equipment or means necessary to safeguard the operator from any harm for any particular use, Operation or set-up machines; to adequately safeguard each; machine or equipment to meet all federal, state, and local government safety standards which may be imposed from time to time, including, but not limited to: 1970 Occupational Safety and Health Act.

RESERVE: The auctioneer reserves the right to reject any and all bids. The auctioneer shall have the right to bid on the behalf of the seller on lots where there is a reserve.

Inspection of all items is allowed on Wednesday, November 4^th 8:00 – 4:00 PM and Monday, November 16^th 9:00 – 2:00 PM

All bills must be paid within 48 hours of the end of the sale (Receiving your winning notice/invoice from Strand Industrial Auctions or Bidspotter)

REMOVAL OF SOLD LOTS: ALL SOLD LOTS MUST BE REMOVED ON THE REMOVAL DATES STATED BELOW.

Monday and Tuesday November 23^rd and 24^th 8:00 – 4:00 PM

Contact our office: 763-478-0306