TERMS OF SALE NOTICE:

1. IDENTIFICATION: All purchasers are required to register and give full name,
address and credit card information. VALID CREDIT CARD WILL BE REQUIRED
FOR REGISTRATION BUT WILL NOT BE ALLOWED FOR PAYMENT OF ASSETS

2. Buyer is responsible for any applicable HST, and will remit such upon
payment. All tax liabilities remain the the sole obligation of the purchaser.
3. A Buyer?s Premium of 15% of the bid price will be added to the price of each
item purchased to arrive at the total purchase price.
4. AUCTIONEER reserves the right to group, reduce, add or delete lots.
AUCTIONEER reserves the right to bid on behalf of the owner.
5. REMOVAL: Buyer is solely responsible to provide any personnel, equipment or
material needed to pick up purchases and shall assume all responsibility for the
removal of any item purchased at the sale. All removals are by appointment
only. Buyer is required to remove all items within the stated time frame (April
20 and 23) which is on their invoice unless prior arrangements have been made
in writing and approved by AUCTIONEER/SELLER. Items will be considered
abandoned, and buyer shall lose all rights to said equipment without recourse
or refund due from AUCTION COMPANY/SELLER after the removal deadline.
6. Although information has been obtained from sources deemed reliable,
AUCTIONEER/SELLER makes no warranty or guarantee, expressed or implied, as
to the accuracy of the information herein contained or the fitness for duty of
any of the assets. All assets are being sold ?AS IS, WHERE IS?.
7. If for any reason an item shall become non-deliverable, AUCTIONEER/SELLER
shall not, in any event, be liable for non-delivery, or for any other matter or
thing, to any Buyer of any lot, other than for the return to the Buyer of monies
actually paid to AUCTIONEER/SELLER for said lot, should the Buyer be entitled
thereto. No adjustments will be made after the assets are removed from the
sale site.
8. PAYMENT: Invoices must be paid in full within 24 hours of the closing date
of the sale unless otherwise specified. A buyer?s premium of 15 % will be
applied to all invoiced sales and HST will apply. Business and Personal checks
will not be accepted without a letter of verification from your bank similar to
below. (Your Bank Name) unconditionally guarantees payment to Hudson?s Bay
Co. from (Your Company Name) up to the amount of __________. This guarantee
will be valid for purchases made at the auction of Vehicles Surplus to the needs
of Hudson?s Bay Co. on April 19, 2012. NO ASSETS WILL BE RELEASED UNTIL
INVOICE IS FULLY PAID.

9. MANNER OF PAYMENT: All deposits and balances due shall be payable to the
order of Hudson?s Bay Co. All payments must be made by Cashier's Check, Wire
Transfer or Company Check with Bank Letter of Guarantee. The full purchase
price on all lots sold to the same buyer must be paid in full within 24 hours of
the auction closing date and before removal of any of the assets.
10. All assets being sold ?as is, where is? and buyer acknowledges they have
inspected all assets prior to bidding. While all care was taken in gathering
information on the equipment that is for sale, AUCTIONEER/Seller will not be
held responsible for the correctness of the descriptions. INSPECT BEFORE YOU
BUY!
11. All persons are inspecting, bidding and removing assets at their own risk
and liability without recourse on AUCTIONEER/SELLER. Further the undersigned
and their employees or agents agree to hold AUCTIONEER/SELLER and their
agents and employees harmless from all claims of any kind or type.
12. All sales are in Canadian Dollars.
13. By signing these terms and conditions you signify that you have the
authority and you are binding your company, yourself (as an individual and/or
employee) and any agents or persons who conduct business using your buyers
number and/or under your employment or control. This includes liability as to
payment and all disclaimers.
14. Buyer hereby agrees to defend, indemnify and hold harmless
AUCTIONEER\SELLER their directors, officers, employees and other agent
representatives from and against any and all liabilities, judgments, claims,
settlements, losses, damages, penalties, obligations and expenses, including
attorney?s fees, 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 assets sold hereunder.
15. Any controversy or claim arising out of or related to this Agreement, or any
alleged breach of the terms hereof, shall be settled by arbitration in accordance
with the rules, procedures, and
regulations promulgated by the American Arbitration Association (?Arbitration
Proceeding?).
The arbitration hearing shall be held in the State of Illinois. The Parties hereby
agree that the award rendered by the person conducting the Arbitration
Proceeding (?Arbitrator?) shall be final
and nonappealable, and judgment may be entered upon the award in any court
of competent jurisdiction. The Arbitrator shall not have the authority to award
punitive damages against either Party. The Party who files notice of demand for
an Arbitration Proceeding (?Initiator?) must
assert in such demand all claims then known to the Initiator against the other
Party (?Respondent?), and the Initiator may amend its demands and claims only
with the consent of the Arbitrator.

16. ADDITIONAL TERMS AND CONDITIONS: The AUCTIONEER may add other
terms and
conditions of sale, such additional terms and conditions to be posted online
prior to the auction.