Sales Terms

PROFESSIONAL INDUTRIAL APPRAISALS, LLC (PIA) Agent for: Jaines. LLC 3005 Thoroughbred Dr. Suite # 860 Washington, MO. 63090 314-565-7190 Terms & Conditions PLEASE NOTE - YOU WILL NEED TO REGISTER SEPARATELY FOR EACH AUCTION. IN ADDITION YOU WILL BE INVOICED SEPARATELY FOR EACH AUCTION. Type Of Event : Asset Recovery Project (ARP) #375 On Line (4) Day Auction Owner Of Assets: Jaines, LLC 1. PAYMENT TERMS: a. Payment may be made by cash, cashier’s check, wire transfer, or company check. All checks must be accompanied by a letter from the payer’s bank guaranteeing unqualified payment to JAINES, LLC 1650 Des Peres Rd Ste 303 St Louis, Mo 63131 b. Payment in full is due upon receipt of invoice. c. All methods of payment should be made payable to Jaines, LLC d. Questions about payment call: 636 432 1107 e. No equipment may be removed until complete settlement is made with cleared funds. Each buyer is responsible for the complete removal of their purchase. f. Each buyer shall be responsible for payment of any city and/or State sales tax that applies. g. 14% Buyer Premium will apply to all sales. h. Buyer is entirely responsible for any customs or duty issues and/or payments. 2. CONDITIONS OF SALE: a. All items up for auction will be sold to the highest bidder in accordance with the Terms of the Sale. b. If for any reason an item shall become non-deliverable, PIA/Jaines 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 paid to PIA/Jaines for said lot, should the Buyer be entitled thereto. c. Professional Industrial Appraisals, LLC expressly reserves the right to determine the manner of conducting the Asset Recovery Project (ARP) and to sell items by individual or group lots, as it may deem appropriate. d. PIA and Seller disclaim all warranties, expressed or implied, about the merchantability of the items and their fitness for a particular purpose. e. PIA assumes no liability for error or omissions for anything written or published in regards to the ARP 375 f. The buyer/rigger is responsible for all waste/oil/substance in the removal of assets, along with any trash made while doing this process. g. Buyer/rigger MUST bring a copy of liability insurance in order to bring equipment in for removal. h. All sales are made “as is, where is” and the Buyer acknowledges having inspected the property and to be satisfied with same. i. BUYERS Of Electrical Switchgear or Motor Control Centers have to remove their purchases completely and not dismantle, or strip components from the lot they have purchased. They are responsible to remove the entire lot. j. All sales are final. k. All items MUST be picked-up by the last checkout date or they will be forfeited with no refund. l. Professional Industrial Appraisals, LLC shall not be responsible for any property or bodily damages howsoever caused, arising from the pick up or transport of the property and all risks relating thereto are fully assumed by Buyer to the complete exoneration of Professional Industrial Appraisals, LLC. m. The buyer will comply with all United States of America Export Administration Regulations, the Export Administration Act or any order, license, License Exception, or other authorization issued there under.