Outstanding On-Site Auction

Terms and Conditions of Sale We value your continued support and we will continue to do our best to accurately describe each item because misrepresentation of items leads to ill will and is bad for business. The following together with or as amended by any posted notices or verbal announcements during the sale constitutes the entire terms and conditions on which property shall be offered for sale or sold by Prozzo Auctions (referred to as "Auctioneer" or "Auction House" ), and any consignor of such property (referred to as "Seller") (collectively referred to as "WE" and/or "US") for whom we act as agent. Auctioneer, Bidder, Buyer and Seller agree to be bound by these terms for this auction: 1. These terms control this auction in all regards and supercede all previous announcements, advertisements and published information however distributed, except for any announcement made by Auctioneer at the auction, which will take precedence and be controlling in all instances. Auctioneer has been hired by Seller to act as Seller’s agent in conduction of the auction, and Auctioneer is not serving as an agent for Bidder or any Buyer. 2. Bidder must register with Auctioneer before bidding. Proper identification will be required. Auctioneer reserves the right to refuse to register any prospective bidder for any reason and to require the removal of any person from the auction site for any reason including, but not limited to: (1) tampering with auction lots; (2) any illegal conduct including collusive bidding or stealing; (3) disruptive behavior; (4) failure to abide by these terms; and (5) intoxication. Bidder agrees to leave the auction site immediately and quietly upon request by Auctioneer. Any act of theft, vandalism or disruption will be prosecuted to the fullest extent of the law. 3. Bidder should carefully guard his bidding number to avoid unauthorized purchases for which Bidder will be responsible. 15% (Fifteen Percent) Buyer’s Premium is in effect for this Auction. This means a surcharge of 15% will be added to the amount of the highest bid for each lot to determine the final selling price for that lot. Catalogs and brochures are guides only based on information from sources believed to be reliable, but their accuracy cannot be guaranteed or warranted. Auctioneer will not be liable for any errors or omissions. Auctioneer reserves the right to withdraw any lot, or portion of a lot, from the auction or to cancel the entire auction without notice or liability to Auctioneer or Seller. 4. Each lot will be sold AS IS, WHERE IS with all defects and faults, and no warranties or guarantees of any kind will be given by Seller or Auctioneer including no warranty of fitness, merchantability or suitability. Bidders should carefully inspect each lot to determine condition and contents. All measurements are approximate. Bidder acknowledges that all lots were available for inspection prior to the auction and that he relied solely on his own inspection of the lots and not any information listed in the catalog or otherwise provided by Auctioneer, the auction staff or Seller. 5. A lot is sold when the Auctioneer indicates it in customary manner. Bidder agrees, without exception, that if he is the highest bidder for a lot and it is sold to him, an enforceable contract of sale is immediately formed and no further writing of any kind will be required from him to satisfy any decision, principle, rule, statute or other requirement in law or equity. 6. We accept absentee bids by phone, by mail, via the Internet and in person. All absentee bidding is handled as though you are in attendance. All absentee bidder names and bids are held in strictest confidence, disclosed only in the event of a question after the sale. Absentee bidding is a convenience offered to our customers and while we will make every effort to execute your instructions, the Auction House is not liable or responsible for any errors or failure to do so. If you place absentee bids with the Auction House, then choose to attend in person, bid by phone or by any other means, it is solely your responsibility to cancel any or all absentee bids prior to the start of the auction. The Auction House is not liable or responsible for any errors or failure to do so. Internet bidders are bound by the above and additionally, neither seller nor Auctioneer is responsible for any failure to execute absentee or proxy bids caused by human error, or electronic or technical failure of any kind. Should a dispute arise between two or more bidders, the decision of Auctioneer will be final. Bidder is encouraged to make bids clearly visible to Auctioneer to avoid being missed. Auctioneer may determine minimum acceptable increments to advance the bidding. 7. Ownership, possession and the risk of loss from any cause pass immediately to Buyer when Auctioneer announces the sale of a lot. a) Buyers are solely responsible for their purchases, and Seller and Auctioneer will have no responsibility for lost, stolen or damaged lots. b) Auctioneers clerking records will be absolute in the event of a dispute. c) All purchases by those attending the auction must be paid for on the day of auction. All puchases by absentee bidders including Internet and telephone bidders must be paid for within 5 business days of the auction. d) Acceptable forms of payment include cash, approved check and acceptable charge cards. e) There will be a $50.00 charge to Buyer for a check dishonored by a bank for any reason. f) Legal action will be instituted to collect any unpaid account and Buyer agrees to pay all costs of collection, including reasonable attorneys’ fee of THIRTY-THREE AND ONE-THIRD PERCENT (33 1/3%), plus a finance charge of TWO PERCENT (2%) PER MONTH (24 PERCENT PER ANNUM) from the date of the auction until the balance is paid in full. 8. Shipping and Pick up: a) Nothing in a lot may be moved from its location prior to being paid for and Buyer must present Auctioneer with a paid receipt. b) Auctioneer will have no responsibility for any loss or damage resulting from Auctioneer’s staff carrying, handling or loading any item(s) for any person. c) All lots purchased by those attending the auction in person must be removed from the auction site by the end of the auction unless specifically approved by Auctioneer. d) Arrangements for Shipping for any item purchased through Absentee bidding, which includes but is not limited to Live Internet Bidding, Absentee Bidding and Telephone Bidding must be made within 5 (five) business days of the auction date. Certain small lots may be shipped by Auctioneer for a reasonable fee. Contact Auctioneer for pricing. e) Buyer shall incur STORAGE FEES of $20.00 (Twenty dollars) per week, per Lot for each Lot not removed within 30 days of the auction date. Any lot not removed within 60 days of the auction may be DEEMED ABANDONED and at Auctioneers sole discretion, may be disposed of in the trash, donated to a charitable organization of Auctioneers choice, or resold for Auctioneer’s account. f) Shipping, packaging and insurance are the sole responsibility of the Buyer. Buyer may make shipping and / or packaging arrangements with any professional shipping company of Buyer’s choice. Buyer agrees to contact the shipping company, make shipping arrangements and to pay actual shipping and insurance costs charged directly to the shipping company. We highy recommend Buyer request a shipping quote from their intended shipper prior to bidding. 9. Sales or use taxes will be added to the purchase price of all taxable purchases. Vermont Sales tax is 6%. Dealers and other exempt organizations must have a current sales tax exemption certificate on file with the cashier prior to invoicing. 10. Persons attending the auction understand that the auction and site may pose both obvious and hidden dangers, defects and other perils and each person assumes the risk of all injury, loss and/or death from any cause whatsoever and Auctioneer and Seller will have no liability whatsoever. Bidder agrees to indemnify Auctioneer and Seller and hold them harmless for any injury, death or other damage to person or property at the auction site which was caused by Bidder. Except for announcements made pursuant to paragraph 1 of these terms, terms may not be amended in any way except by a signed, written agreement between Auctioneer and Bidder 11. This Agreement will be construed and governed solely in accordance with the laws of the State of Vermont and that the exclusive venue for any controversy or claim between them will be in the County of Rutland, Vermont. Bidder agrees that any controversy or claim arising out of this auction, or any related dealings with Auctioneer or Seller, must be resolved by final and binding arbitration with no appeal permitted except as provided by Vermont statute. The parties voluntarily waive their rights to seek traditional remedies in any court including the right to a trial by jury. The prevailing party will be entitled to collect from the other its costs associated with the arbitration, including reasonable attorneys’ fees. 12. Notwithstanding this requirement for binding arbitration, the parties agree Auctioneer and Seller retain their right to pursue a traditional lawsuit against any Buyer for the collection of any payment due them by the Buyer for any purchase at the auction and it is agreed that in that event the defaulting bidder will be responsible for all of Auctioneer’s and/or Seller’s costs of collection including, but not limited to, its attorneys’ fees of THIRTY-THREE AND ONE-THIRD PERCENT (33 1/3%) of any judgment recovered against Buyer. 13. BID RIGGING IS A VERY SERIOUS CRIME AND ANY ILLEGAL CONDUCT BY BIDDER OR OTHERS WILL BE IMMEDIATELY REPORTED BY AUCTIONEER TO THE U.S. ATTORNEY AND DEPARTMENT OF JUSTICE FOR INVESTIGATION AND PROSECUTION TO THE FULLEST EXTENT OF THE LAW. Title 15, Section 1 of the U.S. Code provides any agreement among potential bidders not to bid against one another, or otherwise to dampen the bidding process, is a felony under federal law. The law provides for fines of up to $10 million per violation for a corporate offender and $350,000 per violation for others, as well as imprisonment of up to three years. 14. Registering to bid or attending the auction indicates full understanding and acceptance of these terms along with the agreement to be so bound. If there is anything relevant to this auction that you do not understand; please ask Auctioneer or a member of Auctioneer’s staff to assist you. We want your auction experience to be an informed and positive one.

Local Taxes Apply