The Metz Collection

The property listed and described in this Auction will be offered under the following terms and conditions of sale, which terms and conditions of sale and descriptions of items may be amended, updated or altered at the time and place of sale from the Auction block. These terms and conditions of sale and any announcements from the Auction block shall be binding on any Bidder or Attendee (hereinafter referred to as registered Bidder, Buyer or Attendee), whether present, represented by an Agent, any Absentee and/or Internet Bidders. Bidders are bound by these terms and conditions of sale and the Bidder Registration Form, which is incorporated in and made a part hereof. This Auction is being conducted by Paul McInnis, Inc. Auctioneer (hereinafter referred to as PMI, Auction Company or Auctioneer). 1. “AS-IS”, “WHERE-IS” – All property is sold “as-is” and “where-is”, all sales are final and neither PMI nor the Seller makes any express or implied warranty or representation of any kind or nature with respect to the property being sold. In no event shall PMI, or the Seller be responsible for the correctness of or be deemed to have made any representation or warranty of merchantability, fitness for purpose, description, size, genuineness, year of manufacture, attribution, provenance or condition concerning the property or any warranty that any item complies with any applicable federal or state laws. No statement set forth in the brochure and catalog or made at the sale or in the bill of sale or invoice or elsewhere, whether oral or written, shall be deemed such a warranty or representation or an assumption of liability. PMI makes no representation or warranty as to the accuracy of the descriptions or representations as listed in the catalogue listing or of the mileage and/or odometer readings or serial, body or chassis numbers. PMI acts exclusively as the Agent of the Seller. All Bidders acknowledge that PMI is under no obligation to verify the accuracy of any information provided; furthermore, all Bidders represent that they have conducted their own inspection and due diligence and acknowledge that the condition and year of manufacture are unknown. Auction subject to errors, omissions and withdrawals. NOTE: This collection was amassed over an extended period of time and many items have been restored. The description of items has been compiled, to the best of our ability, from information provided by the Seller. There are some reproductions in the collection. We cannot guarantee the accuracy of the model, year of manufacture, or associated components of any vehicle or item. 2. DISPUTE BETWEEN BIDDERS – If any dispute arises among Bidders, the Auctioneer may decide the same or may immediately put the lot or item up for sale again, and resell to the highest Bidder. The Auctioneer shall not be liable for missed bids, un-executed Absentee Bids or Internet Bids. When there appears to be a tie bid, the Auctioneer in his sole discretion will decide which one is the current high bidder. The decision of the Auctioneer shall be final and absolute. 3. CONFIRMATION OF PURCHASE – Title to the property shall pass to the Buyer upon the fall of the Auctioneer’s hammer and declaration “Sold”, subject to the compliance by the Buyer of the terms of sale. Buyer assumes all responsibility for the item or items and shall pay the total purchase price. In addition, the Buyer may be required to sign a confirmation of purchase at the fall of the hammer and tender a 10% deposit. All sales are final, subject only to these terms and conditions. Buyer assumes all risk of loss whether by damage, theft, fire, etc. from the time the hammer falls or they become the high bidder. 4. PAYMENT TERMS – The bid price plus the Buyer’s Premium is due and payable as follows: a) For automobile purchases, a 10% Buyer’s Premium applies with no discount. All automobiles must be paid for by cash in U.S. currency. Personal checks accepted only if accompanied by a pre-approved irrevocable Letter of Guarantee in favor of Paul McInnis, Inc., on our form only available on www.paulmcinnis.com and submitted to Paul McInnis, Inc. at least two business days prior to the auction. b) For all purchases other than automobiles, a 17% Buyer’s Premium applies (2% discount applied for cash payment). Payment by cash, MasterCard or Visa in U.S. currency. Personal checks accepted only if accompanied by a pre-approved irrevocable Letter of Guarantee in favor of Paul McInnis, Inc., on our form only available on www.paulmcinnis.com and submitted to Paul McInnis, Inc. at least two business days prior to the auction. c) Internet Bidders – An additional 1% Internet Buyer’s Fee will be added to the bid prices and Buyer’s Premiums stated above in Item 4A & 4B. The same payment terms stated above in Item 4A & 4B will apply to on-line bidders. Auction subject to errors, omissions and withdrawals. Further conditions of sale as posted at auction. PMI reserves the right to refuse to register any person for any reason in PMI’s sole discretion. 5. BIDDER DEFAULT – Should a Bidder default on payment by 5:00 p.m. on the day of the auction in any manner whatsoever, without limiting any recourse PMI may have, PMI and/or Seller at its option may do either of the following: (1) cancel the sale and retain as liquidated damages all payments, deposits or credit card charges or holds (Bidder agrees not to dispute this charge with the credit card company at any time) made by the Buyer, or (2) resell the lot to the next highest Bidder (3) resell the lot on 5 days written notice to the Buyer at a private or public sale for the account of and at the risk of the Buyer, and in such event the Buyer shall be liable for any deficiency plus all costs. 6. TITLES & BILLS OF SALE – The State of New Hampshire will not issue a title for any vehicle manufactured prior to 1991. All vehicles will be sold in compliance with the State of New Hampshire Title Laws. Buyers will be provided with a notarized Bill of Sale (State of NH Form TDMV22A) from the Seller on an as-is, without warranty basis, and a Verification of Vehicle Identification Form (State of NH Form TDMV19A). The purchaser of any property who intends to use such vehicle on the road is responsible for complying with all applicable laws and regulations regarding title, registration, insurance, licensing, etcetera. 7. DELIVERY OF TITLES – Bills of Sales and other forms will only be released in the case of cash purchases. In all other cases Vehicles, and Bills of Sale will only be released after all other forms of payment (cashier’s checks, traveler’s checks, money orders and company and personal checks, even if you have submitted a "Letter of Guarantee") have cleared PMI’s bank account. 8. ABSENTEE & INTERNET BIDDING AVAILABLE – Bidders must sign and submit a separate Absentee Bidder Form or register on-line with: www.liveauctioneers.com to request bid on-line via the internet. 9. REMOVAL OF PROPERTY – None of the property may be removed from the premises until the total purchase price has been paid. *Removal will be up to 6:00 p.m. on the day of the auction. Thereafter, Sunday, July 25th and Monday, July 26th from 9:00 a.m. to 4:00 p.m. All property is to be removed at the Buyer’s expense no later than 4:00 p.m. on Monday, July 26th, 2010, unless prior written arrangements are made with the Auctioneer. Any property not removed by the Buyer will be considered abandoned. PMI assumes no responsibility for acts or omissions for such handling including, but not limited to, theft, loss, damage, or any and all transportation whether at the direction of the Buyer or PMI. Buyer shall be solely responsible for making arrangements for loading, shipping or transportation of the Buyer’s purchases at Buyer’s sole expense. 10. SHIPPING – PMI has arranged for Michael Holland of the UPS Store to be available for shipping. Michael will be in attendance at the preview and at the auction to give quotes on packing and shipping. You may contact him by e-mail at: Store1510@theupsstore.com, Subject Line – Metz Collection, or call him directly at (603) 474-2420. Buyers must complete a Shipping Request Form (available on our website and/or at the auction) indicating buyer’s request to turn purchases over to the UPS Store for shipping. 11. SALES TAX – There is no sales tax in the State of New Hampshire. It shall be the Buyers’ responsibility to pay all taxes applicable in their home state or country. Buyers will take delivery in Gilford, New Hampshire. 12. RESERVATION – PMI reserves the right, without giving any reason, to put up items out of numerical sequence and to withdraw any items or lot from the Auction. Auctioneer reserves the right to reject any or all bids and reserves the right to bid on behalf of an Absentee Bidder. 13. RELEASE – Persons attending the inspection, preview, exhibition and/or Auction shall assume all risks and/or liabilities and shall specifically release and hold harmless the Auctioneer from any and all liability. Neither the Auctioneer nor his principal shall be liable by reason of a defect in, or condition of, the premises on which the inspection, preview, exhibition and/or Auction is held. Bidders and all others in attendance at the Auction hereby acknowledge that still photography and/or any other visual/audio recording may be in use at the Auction. Said photography and/or visual/audio recordings may be used by PMI for any purpose at any future date. Bidders and all others in attendance at this Auction also hereby waive all residual rights or claims that might arise from use of these pictures for any purpose at any future date. 14. APPLICABLE LAW – This Auction is being conducted under the conditions of the Uniform Commercial Code, NH RSA 382A:2-328 titled “Sale by Auction”. The rights and obligations of the Agent, Seller and Buyer with respect to the terms and conditions of sale shall be governed and interpreted by the laws of the State of New Hampshire. By bidding at the Auction, whether present in person, or by Agent, by Absentee bid, Internet bid or telephone, the Buyer shall be deemed to have consented to the exclusive jurisdiction of the New Hampshire courts. PMI shall have the rights afforded a secured party for any defaults by the Buyer. For any controversy or claim arising out of or relating to this Agreement and/or the Auction Event, or the breach thereof, any registered Bidders and others in attendance agree to arbitration administered by the American Arbitration Association ("AAA") under its Commercial Arbitration Rules. Such arbitration to he held in the State of New Hampshire before a single arbitrator by the AAA, and judgment on the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. Entry into the preview or Auction site constitutes acceptance of the above terms and conditions.

No Sales Tax In New Hampshire

Prospective bidders should register no less than 24 hours in advance of the sale date. Approval for bidding is at the discretion of Paul McInnis, Inc. Paul McInnis, Inc. reserves the right not to accept bids via internet bidding for lots of high value. If you intend on bidding on high value lots, please contact Paul McInnis, Inc. or email: nancypaulmcinnis.com. Please note registration may not be approved during the course of the sale.

Items offered are part of a live auction being held in Gilford, New Hampshire. Items are offered in numerical order and are auctioned at a pace of approximately 70-100 lots per hour. If you intend to bid on-line, do not wait to bid or you may lose out due to the time delay and the pace of our auction. The bids may occur between the live on-site auction bidders, absentee bidders and online bidders. In the event of a tie bid, the auctioneer has sole discretion to award the lot to the high bidder of his or her choosingmost often the on-site bidder. The auctioneer, at his discretion, reserves the right to refuse participation in this auction by any bidder, whether on premises, participating on-line, by telephone, or through absentee bid.

This auction is taking place at 7 Countryside Drive, Gilford, New Hampshire on Saturday, July 24th, 2010 at 10:00 a.m. The preview is taking place at the same location on Friday, July 23rd from 10:00 a.m. until 6:00 p.m. and on the morning of the sale from 8:00 a.m. until 9:45 a.m. Catalogues for this sale are available on our website or by e-mailing: infopaulmcinnis.com

Paul McInnis, Inc. does not provide estimates. The estimates posted here are merely to comply with Live Auctioneers software requirements.