****THERE WILL BE AN EXTRA INSPECTION DAY OCTOBER 15, 2013
FROM 8:30am-4pm*****

Terms & Conditions for Rex Precision Industries Auction
Sale:

-There is a 16% Buyers Premium applied to on-line bidders
who purchase at this sale.

-Please enter your Credit Card Information When You
Register. SORRY, NO CREDIT CARDS WILL BE ACCEPTED FOR FINAL
PAYMENT.

-NOTICE: ALL BIDDERS AND OTHER PERSONS BIDDING AT THIS SALE
AGREE THAT THEY HAVE READ AND HAVE FULL KNOWLEDGE OF THESE
TERMS AND AGREE TO BE BOUND THEREOF!

-IDENTIFICATION - All purchasers are required to give their
full name, company name, permanent address (NO PO BOXES WILL
BE APPROVED), phone number and signature.

-TERMS: The buyer does hereby assume and does agree to
indemnify and hold the auctioneer and seller harmless from
any future claim which shall pertain to the fitness or use
of the asset as being purchased.

REMOVAL - No lot can, on any account, be removed during the
auction sale. Removal is at the expense, risk and liability
of the purchaser. Purchases will be released only upon
presentation of paid bill. The auctioneer will not be
responsible for items not removed within the time allowed,
but does have the option to remove and store, at the risk
and expense of the purchaser, any article purchased but not
paid for and removed within the time limit mentioned
earlier. It is the responsibility of the buyer to completely
remove any article purchased by him and should any part of
any such article be abandoned, the buyer will be liable for
any expense involved in its removal. Additionally, if the
equipment is not removed by the specified removal date, each
individual company will be charged $250.00 per day to do any
removal.

MANNER OF PAYMENT: All bills must be paid within 48 hours of
the end of the sale (Receiving your winning notice/invoice
from Bidspotter)NO LATER THEN October 18, 2013. We will
accept your company check under the following conditions
a.) The check is certified at time the of purchase
b.) you submit a letter from your bank at time of purchase,
guaranteeing unqualified payment of your check. All checks
for balances due are to be made payable to the order of: LEE
STEVENS MACHINERY INC.. All checks are to be cashier`s or
certified funds, Company checks with a Bank Guarantee, NO
PERSONAL CHECKS WILL BE ACCEPTED! Contact Lee Stevens
Machinery for Wire Transfer information The full purchase
price, on all lots purchased, must be paid prior to the
removal of any of the lots.
-EXAMPLE
Please show this letter to your bank.
To: Lee Stevens Machinery, Inc. Wixom, Mi
Mr. (Customer Name) of (Company Name) is a customer at this
bank. This bank will guarantee irrevocable, unqualified
payment for full face value stated on this letter to Lee
Stevens Machinery for checks drawn on (account number) for
an amount up to $_____.00. This letter is Valid for seven
(7) days and for the (Name of Auction) ONLY.

CONDITION OF ARTICLES SOLD - The auctioneer shall not be
held responsible for the correct description, genuineness,
authenticity of or defect in any lot, and makes no warranty
in connection therewith. No sale will be set aside or
allowance made for any incorrectness, error in cataloging or
any imperfection not noted. No allowances or deduction will
be made on damaged articles. All goods are exposed for
public exhibition and sold
"AS-IS"
"WHERE-IS"
and without recourse.

If you are tax exempt, we will require a copy of your exempt
certificate faxed to: 248-926-8400 or emailed to
chris@stevensmachinery.com