January Consignment Auction

January Consignment Auction
  •   Jan 17 @ 8:00am MST (Start)
  •   Jan 24 @ 6:00pm MST (End)
  •   Add to Calendar

Bidding opens: Wednesday January 17th at 8AM Mountain 

Preview: Saturday January 19th from 10 AM - 2PM Mountain

Bidding begins closing: Wednesday January 24th at 6PM Mountain

Buyers premium:

1-1,000=10% 1,001-10,000=8% 10,001-50,000=6% 50,001-100,000=4% 100,001 <  =2%

Pick up: Saturday January 27th 10-4pm unless prior arrangements are made. 

Location:  While looking at one item, directly beneath the items lot number it will have a town name, click on the town name and it will show address and bring up a map for that item. Please pay special attention to the location listed on each lot. A number of equipment items are located away from our facility and will be available for preview and pickup at their respective locations.

BIDDER TERMS AND CONDITIONS 

These Bidder Terms and Conditions apply to auctions conducted by Larson Family Auction, LLC.  ("Auctioneer"), and constitute a legal, valid, binding, and enforceable contract between Auctioneer  and each Participant, Bidder, and Buyer. 

These bidder terms and conditions also form the basis for the contract of sale between the Seller and  the Buyer. 

1. Auction Conducted Under and In Accordance with These Bidder Terms and Conditions, Additional  Terms and Conditions Posted by Auctioneer, and Announcements Made at the Time of the Auction,  and Applicable Law. 

The Auction is conducted under and in accordance with these Bidder Terms and Conditions, any and  all other Terms and Conditions posted by Auctioneer (whether at the Auction Site or online), any  announcements or corrections made by Auctioneer at the time of the Auction, and applicable law. By  participating in the Auction, whether at the auction site, online, telephonically, or though any other  means (including Absentee Bid), each Participant agrees to be bound by, and to abide by, all such  Bidder Terms and Conditions. 

2. Definitions. The following definitions apply to these Bidder Terms and Conditions for each auction  conducted by Auctioneer: 

“Absentee Bid” means a bid submitted to Auctioneer in advance by an Absentee Bidder for the  execution during the Auction under terms established by Auctioneer. 

“Absentee Bidder” means a person or entity that submits an Absentee Bid. An absentee Bidder may  or may not be present at the Auction. 

“Attendee” means any person who attends the Auction at the Auction Site, whether such person is a  Registered Bidder or not. 

“Auction” means the auction sale at which Auctioneer solicits bids, or is scheduled to solicit bids. 

“Auction Site” means the physical location of the Auction, or, for an Auction conducted entirely  online, the location where Property may be inspected and where a Buyer may pick up Personal  Property. 

“Bidder” means any person or entity that makes a bid at the Auction. 

“Bidder Number” means the number or other identifier issued by Auctioneer to a Registered Bidder  for the purposes of identifying bids to such Registered Bidder. 

“Bidder Registration” means the information provided by a prospective Bidder, and the process of  registering such prospective Bidder to bid at the Auction, including the prospective Bidder’s 

agreement to be bound by these Bidder Terms and Conditions. 

“Bidder Terms and Conditions” means these Bidder Terms and Conditions. 

"Buyer" means the Winning Bidder with respect to each Lot of Personal Property. 

"Buyer's Premium" is an amount with respect to each Lot of Personal Property, calculated as a  percentage of the 

Hammer Price, that is payable by the Buyer to Auctioneer for Auctioneer's own account, or as  directed by Auctioneer. 

"Catalogue" means any printed, online, and/or electronic auction catalogue made available by  Auctioneer in connection with the Auction, as the same may be amended from time to time, which  Catalogue includes a description of Lots to be offered for sale at the Auction. 

“Commission” means the amount payable by or on behalf of Seller to Auctioneer for Auctioneer’s  services, calculated as a percentage of the Hammer Price. 

“Fall of the Hammer” means the point, after bids have been received, at which Auctioneer declares a  Lot of Personal Property “sold” to the Bidder acknowledged by Auctioneer as having made the  Winning Bid. During an auction that is exclusively online, the Fall of the Hammer may occur  electronically at the end of timed (or extended) bidding. 

“Hammer Price” means the high bid amount recognized by Auctioneer with the Fall of the Hammer. 

“High Bid” means the high bid amount recognized by Auctioneer at the conclusion of bidding on a  Lot. 

“High Bidder” means the Bidder recognized by Auctioneer as having made the High Bid with respect  to a Lot. 

"High Estimate" if used, means an amount that Auctioneer anticipates (based on Auctioneer’s  internal calculations 

and industry knowledge) that property may bring at the high end of the spectrum of possible bids at  a well-advertised and 

well-attended auction with more than one interested bidder. The High Estimate is not a valuation  and cannot be relied on as such. 

"Knocked Down" or "Knock Down" means, with respect to any Property put up at the Auction, that  Auctioneer has acknowledged the Winning Bid with the Fall of the Hammer, or by announcing "sold", 

or by giving a similar such indication. 

Property may be Knocked Down electronically at the conclusion of a timed online auction event.  (Also, "Struck Off" or "Strikes Off"). 

“Lot” means each individual item or grouping of Personal Property offered at one time by  Auctioneer. 

"Low Estimate" if used, means an amount that Auctioneer anticipates (based on Auctioneer’s internal  calculations and industry knowledge) that property may bring at the low end of the spectrum of  possible bids at a well-advertised and well-attended auction with more than one interested bidder.  The Low Estimate is not a valuation and cannot be relied on as such. 

“No Sale” occurs if Property is put up at the Auction but is not Struck Off or sold, and Auctioneer  passes on such Property or declares a No Sale. 

“Online Auction Platform” means the hardware and software utilized to conduct the Auction online  and to facilitate online bidding, including any associated, adjunct, and/or complementary websites,  services, premiums and promotions. 

“Online Auction Platform Provider” means the provider of the Online Auction Platform and related  services. 

"Online Bidding Period" means, with respect to an Auction conducted in whole or in part online, any  established period during which online bids may be tendered. 

“Participant” means any person who attends, or otherwise participates in, the Auction (in person or  remotely). The term Participant includes, but is not limited to, Attendees, Registered Bidders, Bidders,  and Buyers. 

“Personal Property” means the tangible and moveable property, and any intangible property  (including, without limitation, intellectual property) put up at the Auction. 

“Private Sale” means an event in which Property is sold by Seller, or on Seller’s behalf, other than at  the Auction (including a sale at an auction conducted by a person or entity other than Auctioneer). 

“Private Sale Price” means the fair market purchase price of the Property paid, or agreed to, at a  Private Sale in an arms-length transaction between Seller and the purchaser of the Property. If the  Property is sold through a Private Sale for less than its fair market value, or in a transaction that is not  an arms-length transaction, or is gifted by Seller, the Private Sale Price will be an amount equal to  the fair market value of the Property in an arms-length transaction. 

“Property” means the Personal Property.

 

“Purchase Price” means an amount equal to the Hammer Price plus the Buyer’s Premium.  

 

"Registered Bidder" means a person or entity that has registered to bid at the Auction. 

“Registration Deposit” means, if required by Auctioneer, the deposit made by a Registered Bidder in  order to register for the Auction. Auctioneer may require that the Registration Deposit be made in  certified funds or in such other form as determined by Auctioneer in Auctioneer’s discretion. 

"Struck Off" or "Strikes Off" means, with respect to any Property put up at the Auction, that  Auctioneer has acknowledged the Winning Bid with the Fall of the Hammer, or by announcing "sold",  or by giving a similar such indication. 

Property may be Struck Off electronically at the conclusion of a timed online auction event. (Also,  "Knocked Down" or "Knock Down"). 

“Winning Bid” means the highest bid received and accepted. 

"Winning Bidder" means the Bidder who is recognized by Auctioneer as having made the Winning  Bid. 

“Withdrawn”, “Withdrawal”, or “Withdraw” refers to the circumstance in which the Property is  removed or withdrawn from the Auction, or in which it is determined that such Property will not be  offered or sold at the Auction. 

3. Bidder Registration; Bidder Qualification. All persons desiring to bid at the Auction, must register  to bid and be issued a Bidder Number. In order to register to bid, each potential Bidder must provide  such information (including identifying information and qualifications) as requested by Auctioneer.  Each person registering to bid represents to the Auctioneer that such person is at least eighteen (18)  years of age and is otherwise legally able to enter into a contract. Auctioneer may refuse to accept a  Bidder Registration from any potential Bidder, may refuse to issue a Bidder Number to any potential  Bidder, and may revoke any Bidder Registration or Bidder Number. Each person registering to bid, or  otherwise participating, at the Auction acknowledges and agrees that such person has read,  understands, and agrees to be bound by, these Bidder Terms and Conditions. In Auctioneer’s  discretion, bids may be received from a person who has not registered to bid, and/or who has not  satisfied all requirements for Bidder Registration, and/or who has not been issued a Bidder Number,  and, by bidding, such person will be bound by these Bidder Terms and Conditions. Auctioneer may  establish such Bidder qualifications as Auctioneer determines, in Auctioneer’s discretion, are  reasonably necessary or appropriate. Bidder qualification provisions (which may include proof of the  availability of funds) are intended for the benefit of Auctioneer and Seller, and create no rights or  interests in any other persons, including competing Bidders. Auctioneer and/or Seller may (but will  not be required to) waive any Bidder qualifications, either globally or on a case by case basis.

 

4. Bidding. By bidding, each Bidder acknowledges and agrees that such Bidder is subject to, and  bound by, these Bidder Terms and Condition. 

5. Auction Conducted in the State of Colorado. The Auction is conducted in the State of Colorado. All  Property is offered for sale in the State of Colorado, and will be Knocked-Down or Struck Off in the  State of Colorado. Notwithstanding the physical location of any Participant, these Bidder Terms and  Conditions are entered into in the State of Colorado, all bids and payments are received in the State  of Colorado, and all contracts between Seller and Buyer are formed and entered into in the State of  Colorado. 

6. Access to Auction Site and/or Online Auction Platform. Participants assume all risks associated  with their presence at the Auction Site and/or their access to any Online Auction Platform utilized by  Auctioneer. Any person may be denied access to the Auction, the Auction Site, and any Online  Auction Platform utilized by Auctioneer, and may be removed at Auctioneer’s discretion. 

7. Buyer's Premium. All Property offered at the Auction is subject to a Buyer’s Premium, which will be  paid by the Buyer to Auctioneer for Auctioneer's own account. The Buyer's Premium will be  calculated as a percentage of the Hammer Price, and will be added to the Hammer Price to  determine the final Purchase Price. The Buyer’s Premium for Personal Property will be based on a percentage of the Hammer Price for each Lot. See table below for tiered buyer’s premium. 

US Dollar Amount

Buyer’s Premium Percent

0.00

10

1000.00

8

10000.00

6

50000.00

4

100000.00

2

8. Corporate Entities. Any individual tendering a bid on behalf of a corporation, limited liability  company, partnership, or other corporate or limited liability entity will be jointly and severally liable  to Auctioneer and Seller, along with such entity. 

9. No Bid Retraction. No Bidder may retract a bid that has been acknowledged by Auctioneer or that  has been submitted online. Each Bidder acknowledges and agrees that Auctioneer is acting in  reliance on tendered bids in the conduct of the Auction, and that bid retraction is disruptive and  interferes with the Auction, and that, as an inducement for Auctioneer to accept such Bidder’s Bidder  Registration and for such Bidder to bid at the Auction, each Bidder agrees not to withdraw or to  attempt to withdraw any tendered bid. 

10. Estimates. Any and all estimates (including Low Estimates and High Estimates), if used, refers to  an amount that Auctioneer anticipates (based on Auctioneer’s internal calculations and industry  knowledge) that property may bring within certain parameters at the Auction. Estimates (including  Low Estimates and High Estimates) are not valuations, and cannot be relied on as such. 

11. Online Auction. In addition to all other provisions of these Bidder Terms and Conditions, the  following terms and conditions apply if the Auction is conducted, in whole or in part, online:

11.1. Online Bidding Registration. Anyone desiring to bid online, or to establish the possibility of  bidding online, will be required to create an online bidding account by completing all necessary  forms and providing required information. 

11.2. Bidder Terms and Conditions; Notices and Announcements. The Auction will be conducted in  accordance with these Bidder Terms and Conditions and any notices or announcements by  Auctioneer and/or posted online or onsite. 

11.3. Posted Times. All times are based on Mountain Time zone unless stated otherwise. Posted  closing times and time displays are approximate. Auctioneer reserves the right to close early or  extend the Auction at Auctioneer’s sole and absolute discretion. 

11.4. Opening the Bidding; Online Bidding Increments. Opening bids will be as determined by  Auctioneer, and Auctioneer may establish bid increments, and may modify or change bid increments,  in Auctioneer's sole and absolute discretion. 

11.5. Records of Online Activity. Absent clerical errors, Auctioneer’s records will be final and  conclusive. 

11.6. Technology Disruptions. Auctioneer will not be responsible for technology disruptions, errors,  or failures (including disruptions to bidding or the failure to execute, recognize, or record online  bids), whether caused by (i) loss of connectivity, breakdown, disruption, or failure of the Online  Auction Platform, (ii) breakdown, disruption, or failure of a Bidder's internet connection, computer, or  system, or (iii) otherwise. Auctioneer may, but will not be required to, continue, suspend, delay,  extend, reschedule, or close the Auction because of disruptions caused by technology failures, even  after bidding has commenced. 

11.7. Failures by Online Auction Platform Provider and its Affiliates or Contractors. Auctioneer may  use an Online Auction Platform Provider to facilitate the Auction. Under no circumstances will  Auctioneer be liable for any failure of the Online Auction Platform Provider to perform all or any of  its obligations, or for the failure of any affiliates, employees, agents, representatives, or contractors of  the Online Auction Platform Provider to perform their obligations. 

11.8. Auto Extend Feature. Any Online Bidding Period may include an auto extend feature. This  means that, if an online bid is entered within a set time period approaching the end of the  established Online Bidding Period, the Online Bidding Period will automatically be extended for an  additional amount of time in increments established by Auctioneer, and will continue to be so  extended until there is a set period of time that lapses during which no online bids are received, after  which bidding will close. 

11.9. Disclaimer. Auctioneer makes no representations or warranties, and disclaims all  representations and warranties, (i) that the Online Auction Platform or any related website or  technology will be uninterrupted, error free or virus free, (ii) as to the results that may be obtained by 

using the Online Auction Platform or any related website or technology, or (iii) as to the accuracy,  completeness, reliability, security, or current nature of the Online Auction Platform or any related  technology. 

11.10. Responsibility for Online Bids. Each Registered Bidder is responsible for all bids transmitted  from such Registered Bidder’s computer or from such Registered Bidder’s account for the Online  Auction Platform. If a Winning Bid is sent from the computer of a Registered Bidder, or from a  Registered Bidder’s account for the Online Auction Platform, such Registered Bidder will be the  Buyer. 

11.11. No Reduction or Retraction of Online Bids. Except in extraordinary circumstances and in  Auctioneer’s sole and absolute discretion, online bids may not be reduced or retracted. 

11.12. Competing Online and Onsite Bids. In the event of contemporaneously made online and  onsite bids, Auctioneer will determine which bid is the successful bid, and may, in Auctioneer’s  discretion, reopen the bidding. 

11.13. Winning Bidders Subject to Certification by Auctioneer. The final determination of the Winning  Bidder is subject to certification by Auctioneer; and any email or electronic message (whether  generated manually or automatically) is subject to such certification. 

12. Absentee Bids; Remote Bidding. In Auctioneer’s discretion, Auctioneer may receive Absentee Bids  and/or bids tendered by remote Bidders (whether telephonically or otherwise). Absentee Bids may  be initiated and advanced in accordance with Auctioneer’s policies and procedures. Auctioneer will  make reasonable efforts to execute Absentee Bids, but Auctioneer will have no liability to any  Absentee Bidder for the failure to execute any Absentee Bids for any reason whatsoever. Each  Absentee Bidder acknowledges and agrees that Property may be sold to another Bidder for the  maximum amount of the Absentee Bid based on a bidding sequence that causes another Bidder to  reach the such amount first. If the execution of an Absentee Bid at its maximum amount would  require Auctioneer to accept a bid that is less than a full bidding increment, Auctioneer has the sole  and absolute discretion to acknowledge or reject such bid. An Absentee Bidder may authorize  Auctioneer to advance the bid by one or more bidding increments after the maximum amount of the  Absentee Bid is, or would be, reached. Auctioneer acts as the agent of the Seller only, and the receipt  and/or execution of Absentee Bids will not create an agency relationship between Auctioneer and  any Absentee Bidder. Auction will be conducted with the reserved right for the sellers, or those acting on the sellers behalf, to bid. 

13. Bid Increments. Bid increments are established and controlled by Auctioneer, and may be  adjusted or modified in Auctioneer’s sole and absolute discretion. 

14. Registered Bidders Responsible for Bids Placed on Bidder Number. Each Registered Bidder is  responsible for the Bidder Number issued to such Registered Bidder. Auctioneer is not responsible  for monitoring or policing the use of Bidder Numbers, and each Registered Bidder is responsible for  all bids made on the Bidder Number issued to such Registered Bidder even if the Registered Bidder 

claims that the Bidder Number was lost, stolen, or misappropriated, unless notice of a lost, stolen, or  misappropriated Bidder Number was provided to Auctioneer prior to an unauthorized bid being  made. Absent a clerical error, Auctioneer’s records will be conclusive. 

15. Withdrawal of Property by Auctioneer; Rejection/Retraction of Bids by Auctioneer. Auctioneer has  the right to withdraw any Property from the Auction prior to the Fall of the Hammer. Auctioneer may  reject any bid and may retract any bid that has been acknowledged. 

16. Winning Bid; Buyer. Pursuant to these Bidder Terms and Conditions, the Bidder making the  Winning Bid for any Lot will be the Buyer of such Property. 

17. All Property Sold “AS IS”, “WHERE IS”, and “WITH ALL FAULTS”. ALL PROPERTY IS BEING OFFERED  AND SOLD IN ITS AS IS/WHERE IS CONDITION AT THE TIME OF THE AUCTION, WITH ALL FAULTS, INCLUDING ANY HIDDEN DEFECTS OF ANY NATURE. NEITHER AUCTIONEER NOR SELLER MAKES  ANY REPRESENTATIONS, WARRANTIES, OR GUARANTEES WHATSOEVER, EXPRESS OR IMPLIED,  REGARDING THE NATURE, VALUE, SOURCE, AUTHENTICITY, FITNESS, MERCHANTABILITY, AND/OR  ANY OTHER ASPECT OR CHARACTERISTICS OF SUCH PROPERTY. NO STATEMENT ANYWHERE,  WHETHER EXPRESS OR IMPLIED, INCLUDING VERBAL STATEMENTS MADE BY AUCTIONEER, WILL BE  DEEMED A WARRANTY OR REPRESENTATION BY AUCTIONEER OR SELLER. WITHOUT LIMITING THE  GENERALITY OF THE FOREGOING, THERE ARE NO WARRANTIES OF TITLE, NON-INFRINGEMENT,  AUTHENTICITY, ORIGIN, MERCHANTABILITY, OR FITNESS FOR A PARTICULAR PURPOSE, ALL OF  WHICH ARE EXPRESSLY DISCLAIMED. EACH BIDDER ACKNOWLEDGES AND AGREES THAT SUCH  BIDDER CANNOT RELY, AND HAS NOT RELIED, ON ANY REPRESENTATION, WARRANTY, GUARANTY,  OR OTHER STATEMENTS MADE BY AUCTIONEER, SELLER OR ANYONE ACTING ON BEHALF OF  SELLER, ORALLY OR IN WRITING, ABOUT THE PROPERTY, OR ANY OF IT. BY BIDDING, EACH BIDDER  ACKNOWLEDGES AND AGREES THAT SUCH BIDDER HAS HAD A FULL AND FAIR OPPORTUNITY TO  INSPECT THE PROPERTY, AND IS RELYING SOLELY ON, OR HAS WAIVED, SUCH BIDDER’S  INSPECTION AND INVESTIGATION (i) IN DETERMINING WHETHER TO BID, (ii) IN DETERMINING THE  AMOUNT OF A BID, AND (iii) IN BIDDING. 

18. Announcements. Subject to the limitation set forth in these Bidder Terms and Conditions, all  terms and conditions and other announcements made by Auctioneer on the day of the Auction are  binding and take precedence over any advertisements or listings. 

19. Bidder’s Inspection; Non-Reliance. By bidding, each Bidder acknowledges and agrees that such  Bidder has had a full and fair opportunity to inspect the Property, and is relying solely on, or has  waived, such Bidder’s inspection and investigation (i) in determining whether to bid, (ii) in  determining the amount of a bid, and (iii) in bidding. All Lots are sold “AS IS, WHERE IS,” and each  Bidder is relying on such Bidder’s own discretion and not on any statements or representations by  Auctioneer or Seller. 

20. Description of Property; Provenance. Unless expressly stated otherwise in writing, any description  of Property is based solely on visual impression, and is given solely for identification purposes, and 

does not create any warranty, expressed or implied, or representation by Auctioneer or Seller. 

21. Contract of Sale for Personal Property. By operation of these Terms and Conditions and Section  2-328(b) of the Uniform Commercial Code, no additional or further writing will be required to  evidence the existence of a contract of sale for any Personal Property Knocked-Down at the Auction  regardless of the Purchase Price, and these Bidder Terms and Conditions, together with Auctioneer’s  clerking sheets or other physical or digital notation identifying the Lot, the Hammer Price, and the  Buyer, will be conclusive evidence as to the terms of the sale. These Bidder Terms and Conditions will  be incorporated into and made a part of the contract between each Buyer and Seller. 

22. Conduct of the Auction. Auctioneer will regulate all matters relating to the conduct of the  Auction and Auctioneer’s decisions will be final and binding. Auctioneer will have control over  bidding, and Auctioneer will resolve any and all disputes. Auctioneer may, in Auctioneer’s sole and  absolute discretion, reopen the bidding (but will not be required to) if (i) a bid is made while the  hammer is falling in acceptance of a prior bid or while bidding is otherwise being terminated, or (ii)  promptly after the Fall of the Hammer or other termination of the bidding Auctioneer is made aware  of a bid that was unnoticed prior to the Fall of the Hammer or other termination of the bidding, and  it is demonstrated to Auctioneer’s satisfaction that such bid was, in fact, timely made, or (iii) promptly  after the Fall of the Hammer or other termination of the bidding Auctioneer is made aware that  Auctioneer and a bid assistant or ringman, or multiple bid assistants or ringmen, have acknowledged  bids in the same amount bid from different bidders, or (iv) some other bid dispute arises. Any  contract formed with the Fall of the Hammer will be subject to the conditions set forth in this  Section. If bidding is reopened pursuant to this Section, the bid recognized by Auctioneer prior to  the reopening of the bidding will be held, and may not be retracted, and, if no further bids are  received, such bid will be the Winning Bid. 

23. Motor Vehicles and Equipment. Any and all motor vehicles and motorized equipment (including,  without being limited to, automobiles, trucks, vans, recreational vehicles, motor cycles, motor  scooters, tractors, earth moving equipment and other heavy equipment) must be paid in full prior to  removal from the Auction Site; and, if any vehicles or equipment are paid for with a check, such  vehicles or equipment will not be released unless and until the check clears and the funds have been  received by Auctioneer and are not subject to reversal. 

24. All Sales Final. ALL SALES ARE FINAL. NO REFUNDS OR RETURNS. 

25. All Sales in U.S. Dollars. All sales are strictly in U.S. Dollars. 

26. Sales Tax. All Personal Property is subject to applicable sales tax unless an exemption applies. 

27. Payment for Personal Property. Payment for Personal Property is due on the Fall of the Hammer.  All onsite purchases must be paid for in-full on the day of the Auction, at or before the conclusion of  the Auction, and before any Property is removed from the Auction Site by or on behalf of the Buyer.  Onsite purchases may be paid in cash, approved check, credit card, debit card, or by wire transfer. 

Payment for remote purchases (including Online Bids, Absentee Bids, and telephone Bids) must be  made or arranged by the close of the Auction. Online purchases must be paid by credit card, debit  card, or certified funds; provided, however, that any online purchases in excess of Five Thousand  Dollars ($5,000.00) must be paid by wire transfer. A late payment fee of sixteen percent (16%) will  apply to payments made after the close of the Auction. If Auctioneer has not received payment in  forty-eight (48) hours of the Auction, the defaulting Buyer may be charged a thirty-five percent (35%)  Auctioneer’s reselling fee, plus an amount equal to the Buyer’s Premium on such amount. The  reselling fee is not in lieu of, and does not limit, other remedies available to Auctioneer and/or Seller. 

28. Pick-up and Removal; Shipping. Unless purchases are being shipped to a remote Buyer, each  Buyer is responsible for removal of Lots purchased at the Auction. Pick-up and removal dates and  times will be as posted or announced by Auctioneer. Unless otherwise agreed, each Buyer is solely  responsibly for the disassembly, removal, and transportation of each Lot purchased by such Buyer.  Disassembly and removal must be done in a workmanlike manner, and each Buyer will indemnify and  hold harmless both Auctioneer and Seller against any and all damage caused by the acts of the  Buyer, or the Buyer's employees, agents, representatives, or independent contractors, in connection  with the disassembly or removal of any Personal Property. Any and all damage to the Auction Site,  including, without being limited to damage to land or buildings, caused by a Buyer or by an  employee, agent, representative, or independent contractor of a Buyer, will be repaired by, or at the  expense of, such Buyer to the satisfaction of Auctioneer and Seller. Unless otherwise agreed,  Auctioneer will ship Lots purchased by remote Buyers. Remote Buyers will be responsible for  payment of all postage and shipping costs, insurance, signature confirmation fees, and similar  expenses, which will be manually calculated after the Auction. Additional shipping terms may be  posted on Auctioneer’s website. 

29. Abandoned Items. Any Lots not paid in full, not picked up and removed in the time provided  (but, under any circumstances, within 7 days after the Auction), or for which payment has not cleared  (within 7 days after the Auction), will be considered abandoned and may be offered for sale at a later  auction or subject to other disposition. Such abandonment does not relieve the Buyer of the Buyer’s  obligation to make payment in full. Buyers are responsible for the full purchase price of all Lots  Struck Off to them. 

30. Returned Checks. Any checks that are returned unpaid will be subject to a returned check fee in  the amount of $30. In addition to the foregoing, Auctioneer will be entitled to recover all costs and  expenses, including attorneys’ fees, for the collection of payment made in the form of a check that  has been returned unpaid. 

31. No Stop Payment Orders or Credit Card Chargebacks. Each Bidder agrees that such Bidder will  not, under any circumstances, (i) issue a stop payment order with respect to any checks issued at or  in connection with the Auction, or (ii) initiate a credit card chargeback with respect to any purchases at the Auction. Each Bidder further agrees that if, in violation of these Terms and Conditions, a stop  payment order is issued or a credit card chargeback is initiated, these Bidder Terms and Conditions  will be conclusive evidence of the Bidder’s (i) waiver of any rights to issue a stop payment order or to 

initiate a credit card chargeback, and (ii) agreement not to issue a stop payment order or to initiate a  credit card chargeback; and each Bidder acknowledges and agrees that on Auctioneer’s presentation  of these Bidder Terms and Conditions to the bank, credit card company, or other financial institution  against which a check was drawn or that issued the credit card on which charges were made, such  

bank, credit card company, or other financial institution will reverse any stop-payment order and/or  reverse or deny any credit card chargeback, and will re-credit all amounts to or for the account of  Auctioneer. If, in violation of these Bidder Terms and Conditions, a Bidder issues a stop payment  order or initiates a credit card chargeback, such Bidder, even if successful, will remain liable for all  purchases made at the Auction, and will be responsible for all costs and expenses, including  attorneys’ fees, incurred by or on behalf of Auctioneer and/or Seller in challenging the stop payment  order or credit card chargeback and in collecting payment. Each Bidder acknowledges and agrees  that the covenant not to issue a stop payment order or to initiate a credit card chargeback is a  condition to the issuance of a Bidder Number to such Bidder, and is being made as an inducement  for Auctioneer to accept such Bidder’s Bidder Registration, to issue a Bidder Number, and to permit  the Bidder to Bid at the Auction. Each Bidder acknowledges and agrees that Auctioneer is relying on  the covenant not to issue a stop payment order or to initiate a credit card chargeback in accepting  such Bidder’s Bidder Registration, in issuing a Bidder Number, and in permitting the Bidder to bid at  the Auction. 

32. Claims. Unless otherwise provided in writing, after a Lot has been removed from the Auction Site  by or on behalf of a Buyer, no claims or returns will be allowed and no claim will be allowed for  adjustments or rescission of any sales based on the failure of a Lot to correspond with any standard  and/or expectation of the Buyer. 

33. Buyer’s Remedies; Bidders/Buyers Not Entitled to Incidental or Consequential Damages. To the  extent that any Bidder or Buyer may be entitled to damages or remedies, the sole and exclusive  remedy available to Bidders and Buyers is a return of the Purchase Price actually paid. Under no  circumstances will Auctioneer or the Seller be liable for incidental or consequential damages,  including, without being limited to lost profits or reduced productivity. Each Bidder acknowledges  and agrees that no Bidder or Buyer is entitled to specific performance or other equitable relief. 

34. Seller’s Remedies. If any Buyer breached such Buyer’s obligations under these Terms and  Conditions or under a sale contract with the Seller of Property Struck Off at the Auction, such  property may be resold and the breaching buyer will be responsible for any and all damages,  including any deficiency or reduction in the Purchase Price, along with incidental damages, in  addition to Auctioneer’s reselling fee. 

35. Indemnification. Each Bidder agrees to indemnify and hold Auctioneer and Seller harmless from  any current or future claim regarding the Auction or the Property, including, without being limited to,  fitness, use, damage, safety, or injuries to persons or property. 

36. Private Sale. No Participant or Registered Bidder may offer to enter into a Private Sale for the  purchase of any of the Property prior to or during the Auction. If any of the Property is not Struck Off 

at the Auction and Seller enters into an agreement to sell any of the Personal Property within thirty  (30) days after the Auction, Auctioneer will be entitled to receive an amount equal to Auctioneer’s  Commission and Buyer’s Premium. 

37. Waiver. Certain provisions of these Bidder Terms and Conditions are for the exclusive benefit of  Auctioneer and/or Seller(s). Such provisions, including, without being limited to, Bidder registration  and qualification requirements, deposit and payment terms (including the method, form, and timing  of payment), removal and delivery terms, and Property inspection terms), do not create, and will not  be deemed to create, any benefits or rights in favor of any other persons, including competing  Bidders, and may not be enforced by any other persons. Either globally or on a case by case basis  Auctioneer and/or Seller may (but will not be required to) waive any provisions of these Bidder Terms  and Conditions that are intended for the benefit of Auctioneer and/or Seller. 

38. Governing Law; Jurisdiction; Venue; Waiver of Jury Trial; Mediation. These Bidder Terms and  Conditions will be governed by and construed in accordance with the laws of the State of Colorado,  including its statutes of limitations, but without regard to its rules governing conflict of laws. All  claims, disputes, and other matters between the parties will be brought in the state or federal courts  sitting in and for the Phillips County, Colorado, which courts will have exclusive jurisdiction, and will be  the exclusive venue, for any and all such claims, disputes, and other matters. By submitting a Bidder  Registration and accepting a Bidder Number each Registered Bidder irrevocably and unconditionally  (i) agrees that any claim, suit or cause of action relating to these Bidder Terms and Conditions, or the  transactions contemplated hereby, will be brought in the state or federal courts sitting in and for the  Phillips County, Colorado; (ii) consents to the jurisdiction of such courts for any such claim, suit or  cause of action; (iii) waives any objection that such party may have to the laying of venue of any such  claim, suit or cause of action in such courts; and (iv) waives any objection to the bringing of such  claim, suit or cause of action in such courts on the grounds of forum non conveniens. Each Bidder,  Buyer, and other Participant waives the right to a jury trial. Notwithstanding the foregoing, Each  Bidder and Auctioneer agree to mediate any dispute or claim they may have concerning the  enforcement of these Bidder Terms and Conditions. The mediation will be held in Phillips County,  Colorado or any other location agreed on in writing by the parties to the mediation with the  mediator selected by agreement of the parties. If the parties cannot agree on a mediator, each party  will select an independent mediator and those mediators will select a mediator of the dispute.  Should any party fail to mediate their dispute prior to turning to litigation, that party will lose its right  to attorneys' fees as stated below even if determined to be the prevailing party. In the event of any  dispute concerning the enforcement of these Bidder Terms and Conditions, including an action for  declaratory relief, the prevailing party in that dispute will be entitled to their reasonable attorneys'  fees in addition to any other relief to which that party may be entitled. 

39. Attorneys’ Fees. If any Buyer of other Participant breaches such Buyer or other Participant’s  obligations under these Bidder Terms and Conditions, Auctioneer and/or Seller will be entitled to  recover all costs and expenses, including attorneys’ fees incurred in enforcing their respective rights  hereunder (including, without being limited to, the costs and expenses of collecting unpaid invoices  and damages).