ONLINE TIMED AUCTION-Surplus equipment from the ongoing operation of: Summit Cutting Tool & Manufacturing, Inc. 50210 Dennis Court, Wixom, Mi. 48393 Lots begin closing at 10 am, August 18, 2020 Terms & Conditions for Summit Cutting Tool & Mfg. Online Auction are: -There is a 18% Buyer’s Premium applied to on-line bidders who purchase at this sale. -NOTICE: ALL BIDDERS AND OTHER PERSONS BIDDING AT THIS SALE AGREE THAT THEY HAVE READ AND HAVE FULL KNOWLEDGE OF THESE TERMS AND AGREE TO BE BOUND THEREOF! -IDENTIFICATION - All purchasers are required to give their full name, company name, permanent address (NO PO BOXES WILL BE APPROVED), phone number and signature. -TERMS: The buyer does hereby assume and does agree to indemnify and hold the auctioneer and seller harmless from any future claim which shall pertain to the fitness or use of the asset as being purchased.