Terms and Conditions of Auction

1. The highest bidder for each Lot shall be the purchaser thereof, and in the

event of any dispute the Auctioneer shall have absolute discretion either to

settle such dispute or to re-offer the Lot immediately.

2. The Auctioneer may, without giving any reason, therefore, refuse to accept

the bidding of any person or persons. Bid” pooling” or “rigging” will be

considered a violation of the Sherman Antitrust Act and is a felony.

3. Any Lot or Lots and may be withdrawn or regrouped for any reason at any

time upon the sole discretion of the auctioneer.

4. Intending purchasers must register before bidding. All bidders agree to all

terms of the auction sale. If any purchaser fails to comply with any of the

conditions the Lot or Lots in respect of which such failure is made may, if

the Auctioneer thinks fit, be put up for auction again and resold at any time.

If upon such re-sale, a lower price is obtained for any such Lots than was

obtained on the first sale the difference in price shall be a debt due from

the purchaser in default upon the first sale, no Lot may be transferred.

5. Care has been taken to ensure the accuracy of the catalogue, but no sale

shall be invalidated by reason of any defect of faults in any of the Lots by

reason of any of the Lots being incorrectly described in the catalogue and

no compensation shall be paid in result of any such faults or errors in

description. The Auctioneers give no warranty as to the genuineness or

authenticity of the goods and the purchaser shall accept every Lot with all

faults and errors of description.

6. Each Lot shall be at the purchaser’s risk from the fall of the hammer and

must be paid for in full before collection and removed by the purchaser at

their own expense and risk by the announced time, abandoned good swill

be resold at the auctioneer’s discretion. Auction company will not assume

any responsibility or liability for any lost, damaged or stolen goods.

7. Any damage occasioned to the premises at which the auction takes place

or to Lots or any part or parts thereof occasioned by such removal by the

Auctioneer under the last condition and all damage occasioned by a

removal by the purchaser, shall be made good by the purchaser and

principals shall be responsible for the acts of their servants and agents.

8. Upon failure to apply with the above conditions, the money deposited in

part payments shall be forfeited, and the Lot shall be resold by public

auction or private sale and any deficiency arising upon the resale together

with the expenses thereof shall be made good by the defaulter at this sale.

9. In as much as the Auctioneer acts only as an agent, they shall not be

responsible for any act or default of the purchaser or the vendor and shall

not be liable to pay the vender until payment is received from the

purchaser.

10. The purchaser of each Lot shall, with his purchase money, pay

auction commission with sales tax if appropriate, buyer’s commission if

required, and a fee of 2.75 % for credit card purchases.

11. Since goods have been available for inspection by or on behalf of the

purchaser prior to the sale, no warranty, condition, description, or

representation on the part of the vendor is given or implied; nor is any

warranty, condition, description, or representation to be taken to have been

implied from anything said by or on behalf of the vendor prior to the sale.

Any statutory or other warranty, condition or description expressed or

implied as to the state, quality or fitness of the goods is hereby expressly

excluded.

12. Ace Auctioneers offer no guarantees as to the roadworthiness of any

of the vehicles, or seaworthiness of any of the vessels, made available for

sale in the auction or any other warranty. “Caveat emptor – These goods

being auctioned are second hand, unless stated otherwise. The goods are

being ‘sold as is where is.”

13. Any representation or statement by the Auctioneer in any catalogue,

brochure, or advertisement of forthcoming auctions as to authorship,

attribution, genuineness, authenticity, origin, date, age, provenance,

condition or estimated selling price is a statement of opinion only.

14. Subject to the buyer having made full payment for a vehicle, which

includes the sale price and all fees, and no disclosures having been made

otherwise, the buyer is entitled to rely on the following representations and

warranties made by Ace Auctioneers.

15. If this Contract is found to be unenforceable in part by any Court of

Law or other regulatory or competent body, this will not affect any other

part of this Contract. All disputes to be adjudicated in Erie, PA.