Special Terms of Sales Cont'd

10) The Buyer agrees to insure the Equipment purchased against all losses from the Auction Date until removal of the Equipment by the Buyer. 11) The Buyer acknowledges he/she has read and agrees to be bound by the additional terms and conditions set forth. 12) ONLINE TERMS: By bidding and/or buying in the auction it is acknowledged that bidder/buyer has read and fully understands all terms and conditions as accepted when registering for auction and being approved to bid. ALL items are sold AS-IS, WHERE-IS!! Quarrick Equipment & Auctions, Inc., however, sells certain rolling stock items (machines with drive train) with a ride and drive option. The following are terms outlining the exercising of the ride and drive option: Ride and drive constitutes an operational engine, drive train, hydraulic functions. Ride and drive does not cover: wear of any type, oil leaks, batteries, tires, tracks, under carriage, cosmetic damage, electrical system, etc.. If an issue arises with an item, buyer must notify auction management, on premise, immediately, at which time auction management and buyer will inspect item together for verification of issue. Issue must be agreed upon by both parties. Online bidders must exercise ride and drive option at auction facility by the end of business on the Monday following the auction (2 business days). Online bidder s not exercising ride and drive at the auction facility before taking possession of items purchased forfeit the right to the ride and drive option, NO EXCEPTIONS. The catalog is to be used as a guide only, bidders are responsible to do their own research and due diligence before bidding. Information is taken from sources deemed to be reliable. Catalog has been prepared by humans, thus human error is always a possibility but never intentional. When available, serial number plates and hour meter/odometer pictures are provided for research purposes of potential online bidder s. Year models stated are obtained from a 3rd party source deemed to be reliable and have not been verified by manufacturer, it is the sole responsibility of the potential bidder/buyer to verify year model through manufacturer before bidding. It is buyer s responsibility to do their own research on machine specifications, options, etc. as to the suitability of a particular machine for their application. Buying a machine that is not suitable for your application is not grounds for negating a transaction. Oral statements made the day of auction take precedence over printed material.