1. All prospective buyers must be at least 18 years old and are required to register with Spring Hollow Equipment prior to bidding. By using the bid number, the bidder acknowledges he has received, read, and understands and agrees to be bound by the terms and conditions of the auction either on the bidder's agreement or posted at the auction facility. 2. The Auction will be conducted by offering the items by lot, either individually or in groups. The bidder offering the highest bid accepted by the Auctioneer shall be the purchaser of the offered lot, and no purchaser shall retract his bid. Purchaser accepts a lot when he makes a bid. All sales are final. 3. The bidder, whether acting as principal, agent, officer or director of a company or otherwise, in any capacity whatsoever, and the company he represents, both jointly and severally agrees to indemnify and save harmless Auctioneer and its officers, directors, employees, agents, attorneys and its consignors, from any and all actions, causes of action, suits, damages, costs, and losses of any nature, including injury and death, arising from the purchase or use of any items, or the attendance or participation of bidder, his/her agents or employees, at the auction and/or on the auction site whether before, during, or after the auction. 4. Bidder agrees to be responsible for the payment of the purchase price, Auctioneer's fees, Internet fees, any applicable DMV fees, and taxes due on all of bidder's purchases. 5. The "Auction Terms and Conditions" shall be governed by and interpreted under the laws of the State of Oregon, and any action hereunder against Auctioneer shall be commenced in the State of Oregon. 6. All items are sold "AS IS-WHERE IS" without any guarantees or warranty expressed or implied, statutory or otherwise of any nature whatsoever in respect of the lots offered at the auction. Specifically, but without limitation, Auctioneer makes no representation or warranty that any of the lots conform to any standard in respect of safety, pollution or hazardous material, or fit for any particular purpose. The Auctioneers, sellers, or any member of their staff make no guarantee as to the authenticity, of any particular age, year of manufacture, model, make, mileage, hours, condition, or defect of any lot or item being sold. Bidders are encouraged to make their own physical inspection and rely solely on that inspection before bidding. Failure to inspect does not negate that Bidders responsibility to perform under the auction terms and conditions. 7. The Auction Catalog has been prepared as a guide, and should be used as a guide only. Although the descriptions are believed to be correct its accuracy cannot be guaranteed or warranted. The Bidder acknowledges that all auction items are available for inspection prior to the auction and it is the Bidders responsibility to have inspected the item before bidding. No sale shall be invalidated; nor shall auctioneers be liable as a result of defects or inaccuracies of any lot. 8. Bidder acknowledges that an auction site is a potentially dangerous place. Flammable, noxious, corrosive and pressurized substances are present, heavy equipment is being operated and electric circuits may be live. Every person at the auction site, at any time, shall be there at his own risk without notice of the condition of the premises and the activities thereon and bidder shall so advise his agents and employees. No person shall have any claim against Auctioneer, its officers, directors, agents, employees, principals, or attorneys for any injuries sustained, nor for damages to or loss of property, which may occur from any cause whatsoever. 9. Any dispute arising as to any bidding shall be settled by Auctioneer at his sole discretion, and Auctioneer may put the lot in dispute up for sale again. Auctioneer reserves the right to refuse any bid, which it considers to be an insignificant advance over the preceding bid. Certain items in the sale are being offered subject to reserve, which is the confidential minimum price below which such lot will not be sold. The Auctioneer has the right to place a bid for the consignor up to the Lot's reserve. Lots that fail to meet the reserve price maybe represented for sale in another auction. 10. The purchaser shall pay a non-refundable deposit of 25% of the purchased price on any auction lot on the date of the auction, with the balance of the purchase price paid within 3 days following the auction. All payments must be paid by cash or wire transfer. Spring Hollow Equipment only accepts credit card payments when the cardholder and the buyer are the same name and card is presented in person with identification at the Spring Hollow Equipment office. Spring Hollow Equipment charges the credit card holder 3.0% surcharge for the credit card charge. 11. Interest on overdue amounts will be paid by purchaser at a rate of 2% per month/24% annual, or at such other maximum rate allowed by law. 12. State and local sales tax will be assessed and collected on all purchases unless legal exemption documentation is provided at the time of sale. Oregon CAT tax of .57% will be applied to all motor vehicle purchases. Oregon Vehicle Priviledge Tax maybe assessed on any applicable vehicle of .5%. 13. All items are subject to a Buyers Premium. A Buyer's Premium is an auction fee assessed in addition to the bid price. Specific auction items may be identified in the description of a particular lot to have a specific buyers premium ; if not identified in lot description the default buyers premium is based upon the bid price of the lot sold at the following rate: Cash or Certified funds Check 12% Buyers Premium Credit or Debit 15% Buyers Premium. 14. Purchaser is responsible for insuring his purchases immediately. Spring Hollow Equipment shall not be responsible for loss, damage, or theft of any purchase. Purchaser shall not be entitled to remove any item from the auction facility until all his purchases are paid for in full including all applicable goods, sales or use taxes. 15. Removal of all items shall be the sole responsibility of the purchaser. Loading assistance is provided as a courtesy; however, purchaser assumes all risk and responsibility for loading and removal of purchases. Auctioneer reserves the right to require proof of adequate insurance coverage from any purchaser items requiring dismantling, rigging or hot cutting. Purchaser agrees to indemnify and save harmless both, consignor and Auctioneer, its officers, directors, employees, agents, and attorneys against any damage caused by the acts of purchaser. All items must be removed from the auction facility within 7 days after the auction date. If for any reason purchaser fails to remove any purchase within the time specified, the purchase shall be deemed abandoned, and Auctioneer at its sole discretion may resell the items. Purchaser shall be liable for any rent incurred or damages suffered by Auctioneer because of purchaser's failure to remove any item. Failure to remove items will result in a rental / storage fee of not less than $25 per item per day. 16. An $80 document processing fee will be charged by the auction company for every DMV purchase, whether sold independently or grouped into one lot and regardless of purchaser's intended use of the purchase. 17. Spring Hollow Equipment does not provide for a "cooling off" or other cancellation period for vehicles. Therefore, you cannot later cancel a contract simply because you change your mind, decide the vehicle costs too much, or wish you had acquired another vehicle. 18. Funds must be certifiable prior to the processing or release of DMV documents. Title documents will be prepared to be effective only in the jurisdiction in which the auction is being conducted. 19. If for any reason, Auctioneer is unable to make available or deliver any purchase or clear title to the same, or documentation required in respect of any purchase, whether before or after delivery, Auctioneer's sole liability shall be the return of monies paid in respect of such purchase upon its return by purchaser. Any such purchase shall be returned or surrendered upon demand by Auctioneer. 20. Spring Hollow Equipment makes no guarantee or assurance that internet bidding services will operate without interruption or that all services, products, features, functions, content, or operations will be available or perform at any particular time(s). Without limiting the generality of the foregoing, Spring Hollow Equipment is not responsible for 1) malicious code, delays, inaccuracies, errors, omissions, or mistakes in the Bidder's use of Spring Hollow Equipment internet bidding services or any sites linked to Spring Hollow Equipment 's internet services; 2) any interruption of internet signal to the Auction event and / or the cessation of transmission to or from our website or to or from our site by any third party; or 3) defamatory, offensive, infringing, breaching, fraudulent, or illegal conduct of others. Bidder assumes the entire risk of using Spring Hollow Equipment's internet bidding services, along with its associated features and functions. 21. Bidder agrees that Spring Hollow Equipment is not liable for any loss or damage incurred in connection with or arising from use of Spring Hollow Equipment's internet bidding services. 22. Bidder acknowledges 1) the limitations of Spring Hollow Equipment's internet bidding services and some messages; 2) that transmissions may not be timely processed [or not at all] and 3) that some services, features, or functions may be restricted or delayed. Bidder affirms that Spring Hollow Equipment assumes no liability, responsibility, or obligation to transmit, process, store, receive, or deliver transactions or postings, or for any failure or delay therein associated.