By participating in this auction the bidder agrees to the following terms and conditions: THIS IS AN ONLINE ONLY AUCTION: All bidding will take place on the internet at www.ShobeAuction.com. If you prefer to bid in person or via phone, please call the office at (406) 538-5125 to make arrangements. BUYER'S PREMIUM (Ranch Equipment Auction): There will be 3.5% Buyer's Premium added to the winning bid price to arrive at the total contract price to be paid by the Buyer. Example: $10,000 final bid + 3.5% BP = $10,350 total sale price PROCEDURE: This will be Online Only Bidding forum with increments as determined by the Auctioneer. Bidding starts at the nominal Opening Bid indicated and is open to the public. The Auctioneer is the sole arbiter and controller of the conduct of the auction and shall be the final and absolute authority without liability to any party. AUCTION ENDING: Beginning at the stated closing time, the auction software will conclude bidding for the auction property with the following exception: if a bid is placed in the last one (1) minute, bidding will be extended for an additional one (1) minute. This will continue until one (1) minutes elapses without any bids, at which time the auction will close and the property will be declared "Sold" to the highest bidder. NO RESERVES, NO BUYBACKS, NO RETURNS Each lot will sell to the highest bidder without reserve, unless noted otherwise. All sales are final. There are no returns, refunds, credit card charge-backs or adjustments. PAYMENT & REMOVAL: Removal will take place on FRIDAY, OCTOBER 23, 1 - 4 P.M. at Joplin, MT. Equipment must be removed within 10 days following auction. Forms of payment accepted are Cash, Check, Wire Transfer or Credit Card. If paying with a Credit Card, a 3% convenience fee will be applied. Wire Transfer, $20 added fee. No items may be removed until full payment is received by Shobe Auction. If you have a conflict with this removal period, you must pre-arrange payment & removal with Shobe Auction. YOUR BIDDING IS NOT CONTINGENT UPON FINANCING: Buyer must have financing arranged, if needed, and be capable of paying cash at closing. POSSESSION: Merchandise becomes the FULL RESPONSIBILITY of the buyer at the close of the auction and the buyer assumes all risk of loss and damage to property at that time. In any such event, the bidder will still be responsible for payment for the original purchase and the costs of collection of this payment and/or damages resulting from the resale of the property. AS-IS SALE: All lots sell as is, where is, with all faults. Shobe Auction & Realty, Inc. and the seller do not give or make any type of guarantee or warranty regarding the lots to be sold, implied or otherwise. Shobe Auction encourages all bidders to inspect lots in person before bidding. Shobe Auction is not responsible for incorrect listing information, if any. Shobe Auction has attempted to provide accurate descriptions of all items, however, it is the bidder’s responsibility to determine the condition and suitability of each lot. Printed statements or descriptions by Shobe Auction staff are provided in good faith and are matters of opinion. PROPERTY INSPECTION: Each potential bidder is responsible for conducting, at their own risk, independent inspections, investigations, inquiries, and due diligence concerning the property. Each potential bidder shall be liable for any damage caused by any such inspections or investigations. MISCELLANEOUS: All decisions of the auctioneer are final as to the methods of bidding, disputes among bidders, increments of bidding and any other matters that may arise before, during, or after the auction. Seller reserves the right to deny any person the right to participate in the auction or to ban anyone from the auction who attempts to disrupt it. BIDDER VERIFICATION: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, Shobe Auction & Realty will reject the registration, and bidding activity will be terminated. INFORMATION: Information was gathered from reliable sources and is believed to be correct as of the date this material is published, however, this information has not been independently verified by sellers or auctioneers. Its accuracy is not warranted in any way. There is no obligation on the part of Sellers or Shobe Auction & Realty to update this information. SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Shobe Auction & Realty reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE nor SHOBE AUCTION & REALTY SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information as deemed necessary by Shobe Auction & Realty. SHOBE AUCTION & REALTY RESERVES THE RIGHT TO POSTPONE AND RESCHEDULE THE TIMED ONLINE AUCTION CLOSE DATE, DUE TO TECHNICAL ISSUES. DEBT COLLECTION AND INTEREST CHARGE: The bidder agrees to pay all reasonable attorney fees and other costs incurred by Shobe Auction & Realty in its efforts to collect unpaid funds from the bidder. The bidder agrees that a fee of 2% of the outstanding balance per month be added to any unpaid balance due Shobe Auction & Realty. Any debt collection or dispute proceedings will be heard in Fergus County, Montana. AGE REQUIREMENT: All bidders must be 18 years of age or older. BY BIDDING, THE PURCHASER AGREES TO BE BOUND BY THE TERMS AND CONDITIONS HEREIN AND AS STATED IN THE BUY-SELL AGREEMENT AUCTIONEER: United Country Shobe Auction & Realty, Jayson & Kyle Shobe 408 W. Main Lewistown, MT 59457 406-538-5125 Email: kyle@shobeauction.com