Industrial Equipment & Machinery Auction Terms Jurisdiction: Canada (multiple provinces) Format: Online-only, timed auction Reserve: Yes Bidder Deposit: 50% Buyer’s Premium: 10% Payment: 72 hours Pickup: Within 7 days of payment Special Clauses: As-is/no warranty, soft-close, storage fees, no chargebacks, environmental/safety release Auction Terms & Conditions

• 1. Participation & Registration Bidders must register and be approved prior to bidding. Auctioneer may require identity verification and proof of funds. A refundable bidder deposit equal to 50% of intended bid limit is required to participate. Auctioneer reserves the right to refuse registration or bidding privileges at its sole discretion.
• 2. Reserve Auction This is a reserve auction. Seller and Auctioneer retain the right to accept or reject the highest bid.
• 3. Bidding Procedures Once submitted, bids cannot be withdrawn. Bidding increments will be determined by the platform and Auctioneer. Soft-close anti-sniping applies: bids placed within the closing seconds extend the auction time for that item.

Auctioneer may correct bidding errors, reject bids, or reopen bidding in the case of technical faults.

• 4. “As-Is, Where-Is” Condition

All assets are sold as-is, where-is, with no warranties expressed or implied, including but not limited to:
condition fitness for purpose merchantability completeness or operational status Buyer acknowledges responsibility to inspect and verify condition prior to bidding. Descriptions, photos, and information are provided as a guide only and are not guaranteed accurate.

• 5. Buyer’s Premium & Taxes A 10% buyer’s premium will be added to the hammer price. Applicable Canadian sales taxes (GST/HST/PST) apply based on the buyer’s province and tax status. Tax exemptions require valid documentation prior to invoicing.
• 6. Payment Terms Full payment is due within 72 hours of invoice. Accepted payment methods include wire transfer, certified funds, or other methods approved by Auctioneer.

No credit card chargebacks or reversals are permitted. Failure to pay will result in: forfeiture of deposit cancellation of sale restriction from future auctions potential legal action for recovery

• 7. Pickup, Removal & Storage Items must be removed within 7 days of payment. Buyer is responsible for all logistics, rigging, trucking, and transport. Failure to remove items within the required time will result in: storage fees charged daily potential forfeiture of items without refund Buyer assumes all risk and liability at time of payment.
• 8. Safety & Environmental Responsibilities Buyer assumes responsibility for safe handling, removal, and transportation of assets. Buyer agrees to comply with all applicable environmental, labor, and safety laws.

Auctioneer and Seller are not liable for spills, contamination, or regulatory non-compliance after sale.

• 9. Title & Risk of Loss Title transfers only after: full payment received and cleared, and any required documents signed. Risk transfers to buyer immediately upon payment.
• 10. Default & Remedies If Buyer defaults, Seller and Auctioneer may: Retain deposit Resell items at Buyer’s expense Pursue legal recovery of losses and fees Block Buyer from future auctions
• 11. Technical Issues Auctioneer is not responsible for platform interruptions, connectivity issues, or bidding errors. Auctioneer may restart, extend, or cancel bidding if technical issues occur.
• 12. Governing Law These terms are governed by the laws of the province in which the asset is located, and Canadian federal law where applicable.

Any disputes will be resolved exclusively in that jurisdiction.

• 13. Acceptance of Terms By registering and bidding, the Bidder acknowledges and agrees to all terms and conditions herein.