Lot # : 505 - UNUSED 2026 GIYI Skid Steer Mini Disc Mulcher

TERMS OF BIDDING AND SALE ("Terms of Sale") 1. Terms and Acceptance By registering to bid, whether online or in person, you acknowledge and agree that these Terms of Sale, together with any Lot-specific terms displayed on an item's detail page and any announcements made orally by the auctioneer before bidding begins, constitute the complete and exclusive agreement between you and Stremmel Auctions, Inc., the contracting entity identified in Section 40.1 (referred to as "we," "us," or "our"). These Terms govern your participation in any auction and your use of any bidding method offered by us to place bids on, and if successful, purchase items offered for sale individually or in groups (each, a "Lot"). You agree that these Terms of Sale govern your bidding and purchases. If there is any inconsistency among the governing terms, the following order of priority shall apply, from highest to lowest: (a) auctioneer announcements; (b) Lot-specific terms; and (c) these Terms of Sale. 2. Privilege to Bid Upon your acceptance of these Terms of Sale, we grant you a limited and revocable right to place bids on Lots using the bidding services we make available, subject to any assigned bidding limits and any qualifications applicable to a specific auction event. The bidding services are provided for commercial purposes only and are not intended for personal or consumer use. We reserve the right, in our sole discretion, to deny, suspend, or revoke any person's bidding privileges at any time. These Terms of Sale will remain in effect and continue to apply notwithstanding any suspension or revocation of your right to bid. 3. Personal and Business Accounts If you establish or use an account under your profile on behalf of a business entity, or if you add one or more business entity accounts to your profile, each such business entity will be bound by these Terms of Sale through your acceptance of them. You represent and warrant that you have full authority to act for and bind any such business entity. You acknowledge and agree that you and any business entity on whose behalf you bid or request invoicing are jointly and severally responsible for all actions, liabilities, and obligations arising under these Terms of Sale in connection with that account. Except as otherwise expressly stated in this Section 3 and Section 6, any reference to "you" in these Terms of Sale shall be deemed to refer to both you individually and any applicable business entity account. 4. Our Role and Reliance on These Terms You acknowledge and agree that: (a) we do not act as your agent or representative in any capacity; (b) your ability to bid in our auctions is granted in reliance upon the representations, disclaimers, exclusions, and limitations set out in these Terms of Sale, all of which form a fundamental basis of the agreement between you and us; and (c) to the extent these Terms of Sale provide any benefit, limitation of liability, exclusion, or disclaimer in favor of us in relation to any Lot or our conduct, such provisions shall also apply for the benefit of the consignor of the Lot and its respective successors and assigns, all of whom may rely on and enforce the same. 5. Amendments We may modify or update these Terms of Sale from time to time, with any such changes becoming effective on the date specified by us. Notice of amendments will be provided to you in advance through email, our website, or other reasonable means. Your continued use of our bidding services after the effective date of any amendment constitutes your acceptance of the revised Terms of Sale. These Terms may not otherwise be amended except by a written agreement executed by you and an authorized representative of Stremmel Auctions who expressly intends to modify these Terms. 6. Sanctions Screening You represent and warrant that neither you, nor any director, officer, shareholder, or controlling person of any business entity on whose behalf you bid or request invoicing, is an individual or entity that is: (a) subject to sanctions imposed or administered by the United States or any other applicable sanctions authority; (b) located in, organized under the laws of, or resident in a country or territory that is subject to sanctions, or whose government is subject to sanctions; or (c) involved in the transfer or use of any purchased Lot in violation of applicable sanctions laws. You acknowledge that certain Lots may require governmental authorization or licensing prior to export or import, and that eligibility for export or import may be restricted. You are solely responsible for determining whether any license or authorization is required and for obtaining all such approvals. If we determine that you or any related business entity resells, directly or indirectly, any Lot into a sanctioned country or to a sanctioned person in violation of applicable sanctions, we may immediately revoke your bidding privileges and report the matter to the appropriate authorities. 7. Acceptance of Bids and Obligation to Complete the Sale Each bid placed on a Lot constitutes an unconditional and irrevocable offer to purchase that Lot in accordance with these Terms of Sale. Once a bid is accepted, a separate binding contract is formed between you and us. Accepted bids may not be withdrawn. For live auctions, acceptance occurs when the auctioneer so declares. For online auctions, acceptance occurs when your bid is properly submitted through the bidding platform and confirmation is communicated to you. The bidder whose bid is accepted as the highest and is declared the successful bidder is required to complete the purchase and is granted only the limited right to do so. Once you are declared the winning bidder, you may not cancel the transaction, and except as expressly provided in these Terms of Sale, all sales are final with no refunds or returns. 8. Organization of Auction Events Prior to the commencement of an auction event, you acknowledge and agree that we retain full discretion with respect to the organization and conduct of the auction, including the right to: (a) postpone, reschedule, or cancel an auction sale; (b) modify or substitute bidding formats; and (c) withdraw, add, or rearrange one or more Lots offered for sale. 9. Management of Lots During the Auction You acknowledge that we and our auctioneers have the authority during an auction to: (a) establish bid increments and reject any bid that does not represent a meaningful increase over the prior bid; (b) alter the order in which Lots are offered; (c) present Lots as part of a choice or grouped offering; and (d) refuse, reject, or invalidate any bid that we reasonably and in good faith believe was not submitted honestly or was intended to interfere with or manipulate the auction process. For timed auctions, all bids must comply with the published bidding increments. 10. Control of the Auction and Sale Process Notwithstanding the acceptance of any bid or the formation of a binding obligation, you acknowledge and agree that we may, during or after the auction and regardless of whether payment has been tendered, take one or more of the following actions: (a) cancel the binding obligation and unwind the transaction; (b) temporarily suspend the auction; (c) reopen bidding on a Lot; or (d) modify the bidding format prior to declaring a Lot sold, if any of the following circumstances arise: (i) a dispute regarding the submission or recognition of a bid; (ii) a bid properly placed was not acknowledged; (iii) a technical issue, system failure, configuration error, service interruption, latency problem, or cyber incident affecting our systems or those of our service providers that materially impacts the auction process; (iv) discovery of liens, encumbrances, or defects in title, or inability to provide required ownership or registration documentation; (v) the Lot was not authorized for sale by its owner; (vi) action is required by a governmental authority or court order; (vii) seizure of the Lot by a governmental authority; (viii) theft of, or material damage to, the Lot prior to the transfer of risk of loss under Section 23; (ix) incomplete or unsatisfactory source-of-funds or sanctions-related inquiries; (x) a determination that a bid was submitted in violation of Section 12; or (xi) any other circumstance requiring such action under applicable law. If bidding is reopened, we may, at our discretion, resume bidding from the prior high bid or void all prior bids and restart the bidding process. 11. Absentee Bidding Absentee or proxy bids may be accepted at our discretion and are provided solely as an accommodation to bidders who cannot attend or bid live. Execution of an absentee bid may begin at an amount lower than the bidder's stated maximum and will be advanced competitively until either bidding concludes or the maximum amount is reached, whichever occurs first. You acknowledge that we undertake only reasonable efforts to place absentee bids, assume no fiduciary or other duty to do so, and shall not be liable for any failure to execute an absentee bid. In the event of a tie between an absentee bid and another bid, whether absentee or otherwise, the bid received first in time shall prevail. 12. Prohibition on Shill Bidding and Manipulation You shall not, directly or indirectly, engage in any conduct intended to manipulate or abuse the auction process, including, without limitation: (a) bidding on a Lot in which you are the consignor; (b) bidding on behalf of, or for the benefit of, any consignor or any person related to a consignor; or (c) artificially influencing bidding or sale prices through collusion, multiple accounts, or other improper means. If we determine that you have violated this Section 12, any affected Lot(s) will be deemed forfeited and surrendered to us for resale, and you will be charged a buyback fee equal to twenty-five percent (25%) of the greater of your winning bid or the resale price. 13. Pre-Sale Inspection and Information We do not independently inspect Lots, and all descriptions, photographs, videos, and other information presented on a product detail page are derived from the consignor or other sources we believe to be reliable. Such information is provided solely for general reference and does not replace your obligation to conduct your own inspections and investigations prior to bidding. You acknowledge that we do not warrant or guarantee the accuracy or completeness of any descriptions or media, and no sale shall be rescinded or invalidated due to errors, omissions, or inaccuracies in any description. We shall have no liability arising from any such inaccuracies. 14. Release, Assumption of Risk, and Indemnification You acknowledge that auction sites, storage facilities, and consignor premises may present hazards, including the movement, staging, loading, and unloading of equipment. On behalf of yourself and your agents, representatives, heirs, and successors, you hereby release and forever discharge us, our affiliates, consignors, and each of their respective officers, directors, employees, and agents from any and all claims, demands, losses, or damages, whether known or unknown, arising out of or related to personal injury, property damage, or loss occurring in connection with attendance at an auction, inspection of Lots, or the loading, unloading, transport, modification, dismantling, rigging, hot cutting, or subsequent use of any Lot. You expressly waive any statutory or common law protections that would otherwise limit this release to known claims. You further agree to indemnify and hold harmless us and the consignors from all claims, costs, and expenses arising from third-party claims related to the same activities. 15. AS-IS, WHERE-IS Sale; Disclaimer of Warranties ALL LOTS ARE SOLD "AS-IS," "WHERE-IS," AND "WITH ALL FAULTS," IN THEIR CONDITION AT THE TIME OF SALE, INCLUDING ANY LATENT OR HIDDEN DEFECTS. NEITHER WE NOR ANY CONSIGNOR MAKES ANY REPRESENTATION, WARRANTY, GUARANTEE, OR CONDITION OF ANY KIND, WHETHER EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE, WITH RESPECT TO ANY AUCTION OR LOT. WITHOUT LIMITING THE FOREGOING, WE EXPRESSLY DISCLAIM ANY COMMITMENT OR WARRANTY THAT ANY LOT: 1. COMPLIES WITH SAFETY, ENVIRONMENTAL, OR HAZARDOUS MATERIALS STANDARDS OR APPLICABLE LAWS; 2. IS FIT FOR ANY PARTICULAR PURPOSE; 3. IS MERCHANTABLE OR FINANCEABLE; 4. IS AUTHENTIC OR NON-INFRINGING; 5. IS OF ANY PARTICULAR AGE, MODEL, YEAR, MAKE, OR CONDITION; 6. HAS ACCURATE OR VERIFIED ODOMETER OR HOUR METER READINGS; 7. IS ELIGIBLE FOR EXPORT OR IMPORT TO ANY JURISDICTION; 8. INCLUDES ANY DOCUMENTATION, MANUALS, OR RECORDS, OR THAT ANY SUCH MATERIALS HAVE BEEN VERIFIED; OR 9. WILL OPERATE OR FUNCTION FOR ANY SPECIFIC PERIOD OF TIME. 16. Opportunity to Inspect; Buyer Responsibility You acknowledge and agree that, prior to placing any bid, you have satisfied yourself regarding all matters disclaimed in Section 15. You confirm that you have either inspected the Lot(s), conducted whatever due diligence you deemed necessary, or elected to rely solely on the information, photographs, and videos made available on the product detail page, notwithstanding that no assurances are given as to their accuracy or completeness. You further acknowledge that neither we nor any consignor is responsible for the condition, safety, or compliance of any Lot following the sale. It is solely your responsibility, at your own cost, to repair, modify, or otherwise prepare any purchased Lot to meet safe operating standards and all applicable laws, regulations, codes, or authority requirements relating to its intended use. 17. Deposits and Conditions to Bid As a condition of bidding, we may require one or more deposits or credit card authorizations. Deposits may, at your direction or as permitted by us, be applied toward outstanding invoices or retained for future bidding activity. Any deposits held by us will be maintained in our general accounts, will not accrue interest for your benefit, and you waive any right to such interest. In certain cases, a credit card authorization or hold may be required, which will not result in an immediate charge but may reduce your available credit. Such holds may remain in place for up to five (5) days for cards issued in the United States or Canada, and up to forty-five (45) days for cards issued elsewhere. By providing your payment information, you authorize us and our payment processors to place such authorizations or holds. 18. Buyer Fees and Additional Charges Unless expressly stated otherwise on the auction event details page, each Lot purchased is subject to a buyer's premium or transaction fee to cover administrative and sale-related costs, as well as any additional fees that may apply based on the nature, use, or destination of the Lot, such as documentation or registration fees (collectively, the "Buyer Fees"). Buyer Fees are payable in addition to the hammer price and applicable taxes and, unless stated otherwise, are charged in the currency of the auction. We reserve the right to modify Buyer Fees from time to time by posting updated terms on our HiBid website; however, no changes will apply retroactively or to Lots for which bidding has already commenced. Buyer's Fees are as follows: 10%: $1 - $25,000 5%: $25,001 - $75,000 with a minimum fee of $2,500 $3,750: $75,001 + Stremmel Auctions charges a 3% credit card processing fee and $68.50 on all titled items. 19. Payment Terms Upon formation of a binding obligation, you must remit full payment for the purchased Lot(s), including all Buyer Fees and all applicable sales, use, value-added, goods and services, ad valorem, or other direct or indirect taxes (collectively, "Taxes"), within three (3) days following the conclusion of the auction, using an approved payment method. At our discretion, this payment period may be extended where you have obtained financing supported by written evidence of an irrevocable commitment from your lender. Unless otherwise specified, invoices will be issued in the currency applicable to the sale pursuant to Section 40.1, and you are responsible for any foreign exchange fees. If you claim a tax exemption, you must timely provide all required documentation; failure to do so may result in taxes remaining payable and delay the release of the Lot. You agree to reimburse us for any taxes, interest, or penalties assessed as a result of your failure to pay taxes when due or provide required exemption documentation. Payments from third parties will not be accepted unless pre-approved by us in writing. Accepted payment methods include: cashier's check, money order, pre-approved business check, wire transfer, cash or credit card. 20. Application of Partial Payments If you submit a payment that is less than the full amount invoiced, you acknowledge and agree that we may apply such partial payment to any outstanding amounts on your account in the manner and order we determine, in our sole discretion. 21. Set-Off Rights We may, at any time, apply any payments received from you or any of your affiliates, as well as any deposits held on your or your affiliates' behalf, toward any amounts that are due and owing to us or our affiliates in connection with any auction purchases, deficiencies, or services provided to you or your affiliates. 22. Clean Funds Representation You represent and warrant that all funds used for deposits or payments are derived from lawful sources and are not connected, directly or indirectly, to any criminal activity, including money laundering, terrorist financing, or tax evasion. You further represent that you are not the subject of any criminal investigation, charge, or conviction relating to such activities. 23. Risk of Loss Responsibility for any loss of or damage to a Lot passes to you immediately upon the creation of a binding obligation under Section 7. Except in cases of our intentional misconduct or where liability cannot legally be excluded, we shall not be responsible for any loss, damage, or injury caused by or relating to any Lot after that time. You are solely responsible for obtaining and maintaining adequate insurance coverage for any Lot awarded to you, effective immediately upon the formation of the binding obligation. 24. Possession and Removal Unless we agree otherwise in writing, you will not be entitled to take possession of any Lot until all amounts invoiced for that Lot, including Buyer Fees and applicable Taxes, have been paid in full in accordance with Section 19. All purchased Lots must be removed from their respective locations within the timeframes specified in the applicable Event-Specific or Local-Site Terms. You assume all risk, responsibility, and expense associated with dismantling, loading, removal, and transportation of your Lots. We may require proof of adequate insurance coverage for any Lots requiring dismantling, modification, repair, rigging, or hot cutting prior to release. 25. Failure to Timely Remove Purchased Lots If you do not remove a purchased Lot by the applicable removal deadline, or if a Lot cannot be released due to unpaid Buyer Fees or Taxes, the Lot may be subject to storage charges of twenty-five dollars ($25) per day, per item, and may be deemed abandoned. In such circumstances, we may continue to store the Lot, relocate it to another storage facility, or resell it in accordance with Section 27.9, all at your sole risk and expense. You will be responsible for all storage, transport, and related costs incurred as a result of your failure to remove the Lot ("Holdover Costs"), which must be paid in full before release. If the Lot remains stored at our facility, we retain a possessory lien to secure payment of Holdover Costs and any other outstanding amounts, and you agree that we may take all steps necessary to perfect such lien as permitted by law. Items will be considered abandoned after 30 calendar days. 26. Export, Re-Export, and Registration You are solely responsible for determining whether any purchased Lot is eligible for registration, export, re-export, or deemed export under applicable laws and regulations, and for obtaining any required licenses, permits, or governmental approvals. Neither we nor any consignor assumes responsibility or liability for compliance with export or registration requirements, and you may not seek reimbursement or compensation from us in connection with such matters. You shall not identify us as the shipper, exporter, or sender on any shipping or export documentation without our prior written consent. You acknowledge that we do not issue certificates of origin, EUR.1 certificates, or similar movement documents. 27. Failure to Pay in Full If you fail to pay any invoiced amount when due, then, without limiting any other rights or remedies available to us and without further notice except as required by law, we may exercise one or more of the following remedies: 1. Suspend or terminate your profile and bidding privileges, or require advance deposits for future bidding, which may be applied to outstanding balances. 2. Treat your failure to perform as a repudiation of the binding obligation and declare the transaction terminated upon notice to you. 3. Retain legal counsel and commence proceedings to recover all amounts owed, together with interest and legal costs, or, after reasonable notice, disclose your contact information to the consignor so that recovery efforts may be pursued jointly. 4. Apply any deposit you have provided as payment or as liquidated damages for losses suffered by us and/or the consignor, including administrative costs and lost transaction fees. 5. Take assignment of the consignor's right, title, and interest in unpaid or partially paid Lots and any related payment rights. 6. Retain possession of the Lot(s) or any other property of yours in our possession until all outstanding amounts are paid in full. 7. Refer your account to a collection agency, with all associated costs added to your balance. 8. Repossess any Lot that has not become your property, for which purpose you grant us and our agents an irrevocable license to enter any premises where such Lot is located. 9. Upon written notice, resell any unpaid or partially paid Lot(s), or other property of yours in our control, by auction, private sale, or other commercially reasonable means, apply the proceeds toward amounts owed (after deducting applicable commissions, taxes, storage, titling, marketing, and resale costs), remit any surplus to you within twenty-one (21) days, and require you to pay any remaining deficiency upon demand. 28. Security Interest In addition to the remedies described above, if you fail to pay for any Lot when due and we do not elect to terminate the binding obligation under Section 27.2, you grant us a continuing security interest in the unpaid Lot(s) and any other property of yours in our possession for any purpose. You authorize us to perfect this security interest by filing or recording any required documentation. The security interest shall automatically terminate upon our receipt of all amounts owed in connection with the applicable Lot(s), including purchase price, Buyer Fees, storage, titling, and Taxes. 29. Equipment Documentation If the consignor provides equipment-related documents, such as operating manuals or maintenance records, and such documents are in our possession at the time of removal, we will make them available to you at that time. If documents are received after removal, we will notify you and make them available for pickup. You acknowledge that we have no obligation to obtain or request such documentation from the consignor either before or after the auction. 30. Title Certificates and Registration Documents Where a purchased Lot includes a title certificate or other registration documentation, we will prepare such documents only to be effective in the jurisdiction in which the Lot is located at the time the binding obligation is formed. Unless otherwise stated in applicable Local-Site Terms, we will use reasonable efforts to provide title or registration documents to you or your approved assignee within fourteen (14) banking days after receipt of full payment in cleared funds. You acknowledge that delays may occur due to the actions or omissions of governmental authorities or consignors. No title or registration documentation will be released until all amounts owing in respect of the Lot have been paid in full and cleared. Stremmel Auctions is exempt from conducting emissions tests or inspections for vehicles sold at consignment auctions, per NRS 445B.770. 31. General Limitation of Liability To the fullest extent allowed by applicable law, and except in cases of our gross negligence or intentional misconduct, and subject to Section 32, neither we nor our staff or subcontractors will be liable under any legal theory for any damages, whether direct, indirect, incidental, consequential, or punitive. This includes, without limitation, loss of business, profits, revenue, income, reputation, business interruption, wasted management or staff time, or costs of substitute goods or repairs. If, despite the foregoing and subject to Section 32, we are found liable, our total liability will be limited to the greater of: (a) USD 1,000 (or its equivalent in the local currency of the auction entity at the Noon Buy Rate published by the Federal Reserve); or (b) the total transaction fees you paid to us for the lot(s) involved in the claim. 32. Remedy for Failure to Convey Clear Ownership If we are unable to: (a) transfer full and clear ownership of any lot; (b) provide advertised title or registration documents; or (c) make the lot available for pickup as stated, then your sole remedy is a refund of all amounts paid for that lot. If you already possess the lot, you must return it promptly upon written request, and no refund will be issued until it is returned. "Full and clear ownership" means ownership free of liens or encumbrances, except those you authorized for the purchase. This remedy does not apply to separately licensed components, software, or add-ons not expressly included in the sale, which you do not gain rights to use. 33. Assignment You may not transfer or assign any rights or obligations under these Buyer Rules without our prior written consent. The Buyer Rules are binding upon and benefit both parties, as well as their respective heirs, executors, administrators, successors, and permitted assigns. 34. Additional Exclusions You acknowledge that: (a) we cannot guarantee continuous or secure operation of our bidding services, whether web, mobile, or onsite terminals; (b) our servers, networks, or applications may experience outages or delays beyond our control; (c) we are not responsible for your network, software, or hardware performance; (d) you are responsible for all activity under your account or assigned bidder numbers unless a technological failure occurs on our side; and (e) you are responsible for any misdirected payments resulting from unauthorized access or third-party interference. We are not liable for any damages arising from the events above. 35. Prohibited Use of Auction Data You agree that Auction Data-which includes bid amounts, auction results, product data, and related audio/video-may only be used for bidding purposes. Without our written consent, you may not record, store, reproduce, broadcast, redistribute, or create derivative works from Auction Data. All rights in Auction Data are owned by us and our licensors. You may not commercialize or exploit Auction Data without permission. We may seek injunctive relief for any actual or anticipated breach of this section without posting bond, notwithstanding dispute resolution provisions in Section 40. 36. Fee Shifting In any dispute, proceeding, or alternative dispute resolution related to the Buyer Rules, the auction, or the purchase of any lot, the prevailing party is entitled to recover all costs, including attorneys' fees, from the losing party. 37. Waivers Our delay or failure to enforce any provision of the Buyer Rules does not constitute a waiver of our rights, except as expressly stated in writing. Any waiver granted does not limit our ability to enforce any other rights under these rules later. 38. Interpretation References to Stremmel Auctions or "we" include our directors, officers, employees, and agents when appropriate. Headings are for convenience and do not affect interpretation. "Including" means "including without limitation." Singular references include the plural, and numbered paragraphs refer to these Terms of Sale unless otherwise stated. 39. Severability If any term of the Buyer Rules is found invalid or unenforceable, the remaining provisions remain fully effective.