TERMS & CONDITIONS FOR FOOTHILLS EQUIPMENT LIQUIDATION CO. LTD.

UNRESERVED AUCTION – LEXITAR SOLUTIONS INC. – JUNE 5, 2014

TERMS & CONDITIONS FOR ON-LINE BIDDER

CUTOFF FOR ONLINE BIDDER REGISTRATION IS 3 P.M. PREVIEW DAY

CDN. DOLLARS (CAD) SETTLEMENT MUST BE MADE BY 4 P.M. ON THE DAY FOLLOWING THE AUCTION.

Subject to additions and deletions prior to the sale and at the time of the auction.  All bidders participating in the auction shall be bound by the following terms & conditions.

1. Auction to be conducted in English & in Canadian Dollars (CAD).

    

2. Foothills required guaranteed payment which must be provided by the purchaser by means of the following: 2a, 2b or certified funds given as a deposit in trust.

2(a)  Bidders must provide a valid credit card number to register.  A $1,000 pre authorized hold may be placed on this credit card 48 hours prior to the sale and anytime up to sale time. If no purchases are made will be automatically removed 3 - 5 business days following the auction day.

2(b)  A pre authorized hold may be placed on the credit card provided for 25% of the amount of any purchases immediately on the drop of the hammer.  This deposit is non-refundable unless certified funds are given.  Payment in full is expected by 4 p.m. the day following the sale. 

1. Foothills Equipment Liquidation Co. Ltd. “Foothills” reserves the right to accept or reject a Bidders registration, and those with incomplete information, invalid credit card, or insufficient funds to complete a hold, as described in paragraph 2.   To avoid delays in the registration approval process, please check accuracy of all information provided.

    

2. Foothills accepts the following methods of payment: Visa, MasterCard and Wire Transfer in Canadian Dollars (CAD).

    

3. Each successful online bidder will receive confirmation at the beginning of the next business day either by phone or by email.  All purchases must be settled in full by 4 p.m. on the day following the sale.  Foothills will make one attempt at phoning all winning bidders with the final invoice total and to confirm the method of payment.  If we are unable to contact you, purchases will be charged to the credit card as provided.  Otherwise, payment arrangements can be made by calling 780-922-6090 with your Bidder # as reference.

1. All articles purchased shall be removed by the Purchaser.  Purchaser is responsible for all removal, dismantling, crating, shipping and related costs, as well as the arrangement of the shipping company.  No exceptions will be made whatsoever.  Articles left behind immediately after the auction and thereafter will be at the winning bidders own risk. Foothills will not be held responsible for any items damaged, stolen, missing, or left behind.  Please make all necessary arrangements to have your items removed as soon as possible.  Small items must be removed immediately.

2. Removal deadline is 3:30 p.m. Thursday, June 12, 2014

    

3. A 15% buyer’s premium will apply on all purchases made by internet bidding.  No credit card fees up to $2.000, 2% credit card fee over $2,000.

    

4. A 5% GST applies to all purchases in Canada, any exempt buyers can apply to CRA for a refund.

    

5. Terms and conditions are subject to amendments and modifications announced by the auctioneer at the time of the auction.  Sale is subject to additions & deletions, and may include items from other consignors and/or situations.

    

6. All items are sold “AS IS, WHERE IS” with no warranties expressed or implied.

    

7. The Auction Company reserves the right to accept or reject bids, and to resolve any disputes or discrepancies at its discretion.  The Auctioneers or Auction Companies decision shall be final.

    

8. All descriptions & photos provided by the catalog listing is for informational purposes only and in no way a representation or guaranteed implied or otherwise.

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Wire Transfer Details:

Currency: CAD

Beneficiary: Foothills Equipment Liquidation Co. Ltd.

Beneficiary Address:  22355c Wye Road, Sherwood Park, Alberta, Canada, T8C 1H7

Beneficiary Account: 27919 -1023393

BMO Swift Code – BOFMCAM2    (//CC000127919)

Bank:  Bank of Montreal, #300, 222 Baseline Road, Sherwood Park, Alberta, Canada, T8H 1S8

Reference: Lexitar Solutions Inc. – For payment on Bidder # and Name