1. A Buyer's Premium of
17.5% will be in effect for
this
auction.
2. All invoices must be
paid in full no later than December 8, 2011
at 4 pm.
3. Deadline for removal
of all assets is no later
December 15, 2011, at 4 pm.

4. Site Supervisor: Peter
Keeley
Office: 416-736-1367 ext 222
Cell: 647-293-3447

AUCTIONEER'S ROLE IN ONLINE
AUCTIONS

Subject to amendments and
modifications announced by the
Auctioneer at the time of the
auction, any person
participating in the auction
shall be bound by the
following
terms and conditions:

1. A deposit equal to 25%
of purchases is required at
the time of sale. The balance
of the purchase price must be
paid in full within the time
period herein provided, in the
Event Specific Terms &
Conditions. All payments shall
be by
way of cash, certified cheque,
bank draft or wire transfer.
Deposits on account of
purchases may be made in
advance of
the auction. Deposits will be
refunded immediately after the
auction if no purchase is
made. The Auctioneer reserves
the
right to put articles back up
for auction if deposit is not
received at or before time of
sale.
2. Sales taxes arising on
a sale shall be paid to the
Auctioneer at the time of
sale. Purchasers claiming
exemptions from taxes shall
provide proof satisfactory to
the Auctioneer of their
entitlement to claim such
exemption.
In the absence of proof
satisfactory to the Auctioneer
taxes
shall be paid by the
purchaser.
3. Auctioneer reserves
the right to sell subject to
reserve and to purchase for
the account of others, whether
by verbal or written proxy,
all subject to prior sale.
4. All sales shall be
concluded on the fall of the
hammer or as indicated by the
Auctioneer and no purchaser
may thereafter revoke his bid.
Title to the lots purchased
shall not pass until payment
in full of the purchase price
is received.
5. ALL SALES ARE FINAL,
ON AN "AS IS ? WHERE IS", "IN
PLACE", "WITH ALL FAULTS"
BASIS WITH NO CONDITIONS OR
WARRANTIES. WHETHER EXPRESS,
IMPLIED, STATUTORY OR
OTHERWISE
INCLUDING WITHOUT LIMITATION,
WARRANTIES OR CONDITIONS AS TO
TITLE, DESCRIPTION, FITNESS
FOR PURPOSE, QUANTITY,
QUALITY,
MERCHANTABILITY, STATE,
CONDITION, LOCATION, OR
OTHERWISE.
NO SALE SHALL BE INVALIDATED
BY REASON OF AND THE
AUCTIONEER
SHALL HAVE NO LIABILITY FOR A
MISDESCRIPTION OF ANY ARTICLE
OR LOT WHETHER CONTAINED IN A
CATALOGUE ADVERTISEMENT OR
OTHERWISE. DESCRIPTIONS HAVE
BEEN PREPARED FOR GUIDE
PURPOSES ONLY AND SHALL NOT BE
RELIED UPON BY THE PURCHASER
FOR ACCURACY OR COMPLETENESS.
PLEASE INSPECT ALL ITEMS
BEFORE BIDDING. PURCHASERS
SHALL BE DEEMED TO HAVE RELIED
ENTIRELY UPON THEIR OWN
INSPECTION AND INVESTIGATIONS.
6. No article shall be
removed unless paid for in
full
and all articles purchased
shall be removed within the
time
period herein provided in the
Event Specific Terms &
Conditions. The purchaser
shall be responsible for all
costs
of removal and shall be liable
for any damage, including
without limitation, any
environmental damage, caused
during
or as a result of the removal.
Purchasers shall comply with
all environmental laws and
regulations and all
requirements
established by the Auctioneer
for the removal of articles,
including requirements as to
bonding of movers. Please
refer
to the Removal Terms &
Conditions herein provided.
7. The Auctioneer
reserves the right to refuse
any
applicant the privilege of
bidding or attending at the
auction and may revoke such
privilege at any time.
8. Time shall be of the
essence. If a purchaser fails
to make payment or remove
goods within the time periods
herein provided in the Event
Specific Terms & Conditions,
the Auctioneer may resell the
article purchased by auction,
private contract or otherwise,
as the Auctioneer in his
discretion deems advisable,
and the purchaser shall be
liable for the shortfall and
all costs and expenses,
including but not limited to
interest rates (a minimum of
1.5% per month or 18% per cent
per annum), legal fees,
removal and storage (a minimum
rate of $2.00 per sq. ft. per
month) and commissions,
incurred in such resale.
9. The Auctioneer is
acting as agent only and is
not
responsible for the acts of
his principals.
10. This catalogue is
meant merely as a guide. The
Auctioneers believe the
descriptions contained herein
to be
correct but make no warranty
in connection therewith.
Auctioneer's announcements on
day of sale take precedence
over published information.
11. If for any reason
whatsoever, the Auctioneer is
unable to deliver any lot or
any necessary documentation
required in respect of any
lot, the Auctioneer's sole
liability, if any, shall be
the return of any monies paid
on
such lot only.
12. Bidders acknowledge
that any auction site is a
potentially dangerous place,
with noxious, corrosive and
pressurized substances being
present, heavy equipment being
operated and electric circuits
being live. Every person at
the Auction Site before,
during and after the auction
sale
shall be deemed to be there at
their own risk with notice of
the condition of the premises,
the activities on the
premises and the conduct of
third parties, and the Bidder
shall so advise his/her agents
and employees. No person
shall have any claim against
the Auctioneer, his agents,
employees or principals for
any injuries sustained nor for
damages to or loss of property
which may occur from any
cause whatsoever.
13. Purchasers acknowledge
that TCL Asset Group Inc. or
associates are not the
shippers or exporters of any
purchased items being shipped
from the auction site.
14. These terms and
conditions together with any
amendments or modifications
expressly made by the
Auctioneer
at the time of the auction
constitute all the terms and
conditions with respect to the
sale of the articles at this
auction. There are no
representations, warranties,
terms,
conditions, undertakings, or
collateral agreements except
as
hereinabove provided.

REMOVAL REQUIREMENTS

The following are terms &
conditions for all Purchasers,
their employees, riggers,
contractors and agents; (who
will
be further referred to as
"Purchasers/Movers/Riggers"),
who
participate in the
disconnection and/or removal
of
equipment/articles to abide
by.

*All invoices must be paid in
full before commencement of
removal. Check with TCL Asset
Group Inc.'s site
representative. Riggers,
please do not put business
cards on
machines.

1.
Purchasers/Movers/Riggers are
responsible to remove
all articles purchased.
2.
PURCHASERS/MOVERS/RIGGERS
SHALL BE RESPONSIBLE FOR
PROPER DISCONNECTION AND
TERMINATION OF ALL ELECTRICAL,
WATER AND/OR AIR LINES TO YOUR
EQUIPMENT AS STIPULATED BY
SITE REPRESENTATIVE; THE
SHEARING OF ANCHOR BOLTS FLUSH
WITH
THE FLOOR; LEAVING YOUR WORK
AREA IN BROOM SWEPT MANNER;
THE
ERECTING OF SAFETY BARRIERS AS
REQUIRED WHERE PITS OR HOLES
HAVE BEEN CREATED AS A RESULT
OF EQUIPMENT REMOVAL; THE
REMOVAL, OFF PREMISES, OF ALL
HAZARDOUS WASTE OR OIL
CONTAMINANTS CONTAINED THEREIN
OF PURCHASED ASSETS, IN
CONJUNCTION WITH ALL
ENVIRONMENTAL LAWS; ANY
SPECIFIC TERMS
OR CONDITIONS INDICATED BY THE
AUCTIONEER AT THE TIME OF
SALE..
a. All Termination of GAS
lines will be disconnected
and capped by a licensed gas
fitter.
b. All ELECTRICAL
disconnects to be done in
accordance
with any federal,
state/provincial or local
codes.
c. NO ARTICLE(S) SHALL
LEAVE THE PREMISES UNTIL ALL
THE
AFORMENTIONED HAVE BEEN
COMPLETED TO THE SATISFACTION
OF TCL
ASSET GROUP INC.?S SITE
REPRESENTATIVE.
d. RIGGERS: Quote your
customers accordingly; you
shall
be liable for all costs in
compliance with the above.
e.
Purchasers/Movers/Riggers
shall assume all
responsibility and liability
for any and all articles
"staged" for shipment, before
it leaves the premises.
3.
Purchasers/Movers/Riggers must
provide to TCL Asset
Group Inc. a certificate of
insurance of not less than
$2,000,000.00 evidencing
statutory workers'
compensation and
employer's liability insurance
and automotive and
comprehensive liability
insurance coverage (bodily
injury
and property damage) per
person and occurrence naming
TCL
ASSET GROUP INC. as well as
the Auction name and address.
4. Where available,
bridge cranes and/or hoists
may
only be used by certified
crane operators with insurance
and
only with the expressed
written permission of crane
owner
and/or TCL Asset Group Inc.
5. TCL Asset Group Inc.
site representative must
examine all articles being
loaded out and check off
Purchaser's shipping invoice.
6.
Purchasers/Movers/Riggers
shall be held liable for
all costs and damages or
repairs to property as a
result of
their negligence.
7. Hours of removal are
Monday to Friday from 9:00am
to
5:00pm, unless otherwise
specified. Anyone requiring
access
beyond our published deadlines
is subject to a non-
negotiable per diem rate.
8. NO ARTICLE(S) SHALL
LEAVE THE PREMISES UNTIL THE
AFOREMENTIONED HAVE BEEN
COMPLETED TO THE SATISFACTION
OF A
TCL ASSET GROUP INC.
EMPLOYEE/SITE REPRESENTATIVE.