BY REGISTERING TO BID ONLINE, YOU ARE AGREEING TO ALL OF THE
FOLLOWING TERMS AND CONDITIONS:

GENERAL RULES AND INFORMATION

*Register on this site to bid online only. If you will be
physically coming to the
sale, you must register at the auction in person, rather
than online. If you are
registering online, please include a fax number or email
address that your
invoice can be sent to.

******All sales in U.S. dollars only!!******

*All descriptions are believed to be correct, but no
guarantees or warranties are
made by auctioneer as to nomenclature or age. Everything
sold on an "as is"
basis.

*Please remember that a bid is a verbal contract; once you
become the
successful bidder, you must pay for your items. If you find
that the riggers you
contact are charging you high fees, that doesn’t mean that
you can abandon
your items. Once you win, you are responsible for paying.

*A deposit of 25% (of what you actually bid on or intend to
bid on) in cash,
cashier’s check, credit card account authorization, company
check or company
purchase order is required of each bidder. In the case of a
credit card account
authorization, your account number must be entered as part
of the process of
registering to bid. If you do not have a credit card,
please call our office at
323-851-2008 and make arrangements to overnight a check to
our office in
order to bid.

***FULL AND FINAL PAYMENT MUST BE MADE IN CASH, CASHIER’S
CHECK, WIRE
TRANSFER OR COMPANY CHECK (with specifically worded bank
letter) ONLY. ***
PAYMENT MUST BE MADE, OR WIRE INITIATED, BY CLOSE OF
BUSINESS THE DAY
AFTER THE SALE. Credit card authorization and company
checks (not
accompanied by bank letters) are for deposit only, and in
the case of company
checks (not accompanied by bank letters), will be returned
to you once full
payment in cash, cashier’s or wire transfer is made.

*If you plan on using a company check for payment, it MUST
be accompanied by
a bank letter worded EXACTLY thus: "This letter is being
written to confirm that
{Enter name} Bank agrees to IRREVOCABLY GUARANTEE check
number {x},
written from the account of {buyers’ name} for an amount up
to {amount higher
than what is successfully bid on at auction}." If your
bank letter does not
conform to this template, IT WILL NOT BE ACCEPTED.

*INTERNET BUYERS PREMIUM IS 15.5% OF HAMMER PRICE.

SALES TAX
ALL SALES WILL BE SUBJECT TO LOCAL SALES TAX

Little Rock, AK Sales Tax: 8.5%

*The only acceptable tax exemption proof is a fully filled
in and signed
“Streamlined Sales and Use Tax Agreement” form, found here:
https://www.dfa.arkansas.gov/offices/exciseTax/salesanduse/Do
cuments/f000
3.pdf

As stated on the form: “The purchaser will be held liable
for any tax and
interest, and possibly civil and criminal penalties imposed
by the member state,
if the purchaser is not eligible to claim this exemption.”

Essentially, by filing the form, you are claiming that you
are eligible for tax
exemption. If it is determined that you were not, you may
be fined Arkansas
Department of Finance and Administration. Please read the
form carefully and
determine whether you are eligible for sales tax exemption.
Instructions for the
form can be found here:
https://www.streamlinedsalestax.org/uploads/downloads/Forms/F
0008_Exempt
ion_Certificate_Instructions.pdf

Form may be faxed to 818-933-0782.

***IMPORTANT***In ALL cases, without exception, if you
cannot furnish us with
the required tax exemption proof BEFORE payment is made,
then you MUST pay
the tax. If you can furnish us with the required
documentation after payment is
made, but within 21 days of the sale, a refund will be
promptly issued. There
are NO exceptions to this. If you make a wire transfer to
us, or obtain a
cashiers’ check, without including the tax and before giving
us the required
documents, you will not be allowed to remove any equipment
until the situation
is corrected. Also, we remit the sales tax we collect to
the appropriate agencies
on a monthly basis, so if you take longer than 21 days to
get tax exemption
proof to us, it will be too late: we will not take steps to
try and retrieve your
sales tax once it has been remitted to the tax agency.

***If we have any doubts as to the veracity of tax exemption
claims, we reserve
the right to refuse tax exemption status.***

LOT REMOVAL
Removal of lots is entirely the responsibility of the
bidder. We do not package,
load or ship. It is up to you to hire a rigger or otherwise
provide for the
removal of your items.

IMPORANT: Due to buyers being lax about removing their items
in a timely
fashion, we are implementing a $500 per day fee for entry
into the facility every
day past the time allotted for check out.


GOOD LUCK AND HAPPY BIDDING!