THIS IS AN ONLINE AUCTION OF COLT INDUSTRIES BEING HELD ON TUESDAY, AUGUST 1ST, 2017 BEGINNING AT 10:00 A.M. (CST). ALL ITEMS ARE BEING PRESENTED FOR SALE AS IS/WHERE IS, WITHOUT WARRANTY OF ANY KIND EXPRESSED OR IMPLIED. A 15% BUYERS PREMIUM WILL BE APPLIED TO ALL PURCHASES. CREDIT CARDS WILL BE ACCEPTED FOR PAYMENT OF PURCHASES LESS THAN $10,000. 1. REGISTRATION - All bidders must register for the sale providing name (& business if applicable), address, reliable contact phone number, email address, valid credit card number and bank information. Credit Card information is utilized to validate the registrant and will not be used as payment without express authorization from the buyer after the sale. Complete registration information is vital to being quickly approved for the sale. Incomplete registrations may not be approved at the discretion of ATEC. By registering, the bidder acknowledges that they have read, accept, and agree to abide by the terms set forth in this document. It is the registrant's responsibility to seek clarification of any terms and conditions not clearly understood or left undefined within this document. 2. INSPECTION - Items can be inspected at Colt Industries located at 3505 Tree Court Industrial Boulevard in Kirkwood (St. Louis), Missouri 63122 on Monday, July 31st, from 9:00 A.M. to 4:00 P.M. Central Time. 3. BIDDING - All bidders must be registered to participate in this sale. A 15% Buyer's Premium will be added to the sale price of all purchases. Placing a bid acknowledges that the bidder has read, accepted, and agrees to abide by the terms set forth in this document. Placing a bid also signifies a contractual intent to purchase at the specified bid amount and cannot be rescinded. 4. PAYMENT -Invoices must be paid within 48 hours of the sale closing. All successful bidders will be notified by email immediately following the sale with an invoice to follow. If you receive notification that you are the successful bidder, but do not receive an invoice by 2:00 P.M. Wednesday, August 2nd, it is YOUR RESPONSIBILITY to notify our office at (314) 447-3200 so that we may re-issue your invoice. ATEC accepts Cash, Cashier's Check, Check (with Valid ID), Credit Cards, and Wire Transfer as payment. Credit Cards are accepted for purchases totaling less than $10,000. If paying with a credit card, the buyer waives their rights to file a credit card dispute, as all items are released to the buyer immediately following payment, and all items are sold "As Is/Where Is". A 15% Buyer's Premium will be added to the sale price of all purchases. Sales tax in the amount of 7.113% will be added to all applicable sales. Any unpaid purchases will be re-sold at the auctioneer's discretion. 5. REMOVAL - Removal is the sole responsibility of the buyer. The auctioneer is not responsible for preparing items for shipping or removal. No Items will be released until that item has been paid for in full and a copy of the paid invoice is presented to an ATEC representative. If you employ someone to remove your purchases they must provide a copy of the paid invoice to our representatives on site. All professional movers MUST provide proof of insurance to ATEC prior to moving any items. NO ITEM WILL BE REMOVED WITHOUT PROOF OF PURCHASE AND PAYMENT - NO EXCEPTIONS! Removal of all items will take place Wednesday, August 2nd through Friday, August 4th, 2017, from 9:00 am and 4:00 pm. Removal will resume Monday, August 7th through Friday, August 11th, 2017 from 9:00 am and 4:00 pm. There will be no weekend removal. Removal will be permitted BY APPOINTMENT ONLY Monday, August 14th through Friday, August 18th. If you are unable to remove your items by August 18th at 4:00 P.M.it is your responsibility to contact ATEC at (314) 447-3200. Any items not removed, or scheduled for removal by August 18th, 2017 at 4:00 P.M. will be considered abandoned and resold. NO EXCEPTIONS - ATEC WILL NOT HAVE ACCESS TO THE BUILDING AFTER AUGUST 31ST! 6. MERCHANDISE - All items are being sold AS IS/WHERE IS without warranty or guarantee of any kind expressed or implied. Neither the auctioneer nor the seller shall be responsible for discrepancy in description or nomenclature. The auctioneer does not own any of the items in the sale and is working on behalf of the seller. The auctioneer reserves the right to remove, on behalf of the seller, any items identified by the seller to have a clear defect or legal encumbrance not initially known and identified at the time of posting. Neither the auctioneer nor the seller shall be held responsible for any issues related to the safe handling and transport of item(s) purchased, as removal is the responsibility of the buyer. IT IS YOUR RESPONSIBILITY TO CLARIFY ANY OF THE TERMS OR CONDITIONS PRIOR TO BIDDING ON ANY ITEMS. ALL QUESTIONS SHOULD BE DIRECTED TO: GEORGE RISSMANN, CHIEF AUCTIONEER EMAIL: GRISSMANN@ATEC-INC.COM DIRECT: (314) 778-9893 OFFICE: (314) 447-3200, EXT. 222 Packers, Shippers, & Freight Forwarders: Move It (Auction Pickups) Contact: Chad McDermott (800) 831-0030 ext 17 Craters & Freighters St. Louis, MO Contact: Walter Haas (314) 770-0855 T&T Logistics Contact: Tim or Tony (888) 474-0494 or (636) 925-1653 Amino Transport Contact: Brad Kilpatrick (682) 463-0486 For Heavy Rigging Phase 4 Machinery Inc. Contact: Jason Jaggie (636) 461-0212 Kev-Mar Contact: Steve Tiepelman (314) 565-1376 Bosko Machinery Contact: Dan (314) 581-4057 Grant Machinery Movers Contact: Dennis Grant (636) 925-2322