Industrial Surplus - Online Auction Auction Location: NW Houston AGREEMENT BETWEEN BIDDER AND AUCTIONEER AKA AUCTION TERMS AND CONDITIONS READ CAREFULLY AND COMPLETELY AS ALL AUCTIONS ARE DIFFERENT These are the Terms and Conditions of Sale for this online auction. They consist of this introduction and seventeen numbered paragraphs that outline the relationship between you ("the Bidder") and Jones Swenson Auction Marketing, Inc. dba Jones Swenson Auctions ("Auctioneer"). If you want to bid in this online auction, you will first have to certify that you have read, understood, and agreed to these Terms and Conditions. Such certification will function as your legal and binding electronic signature. If you choose to make this certification, these Terms and Conditions will become binding both on you and on the Auctioneer, and all parties will be expected to abide by the Terms and Conditions if any issues arise in connection with this sale. 1. This is a Public Auction. By registering to bid in this auction, you acknowledge and agree to these terms and conditions. Lots begin closing in numerical order at 9:00 AM CT on November 28th, 2018 and will close one lot every 20 seconds with extended bidding in effect. Bidders must provide a valid credit card to register to bid online. 2. Payment will be processed immediately after the last lot is sold on November 27th with the credit card buyer submitted at registration, unless buyer has made alternate payment arrangements PRIOR to the end of the auction by contacting Auctioneer at 512-261-3838 or email: info@JonesSwenson.com). If credit card does not go through and buyer cannot be reached by cell phone within one hour, Auctioneer reserves the right to resell the items to the back-up bidder without notice. At the close of the auction, buyers will receive an "unpaid" invoice. Once credit cards are run, an email confirmation & paid invoice will be emailed to buyer confirming process of payment. BRING YOUR PAID RECEIPT WITH YOU TO PICK-UP YOUR PURCHASES. Payment can be made by Wire Transfer, cashier's check, cash, Bank ACH Transfer, VISA, MC, Discover. Buyers should be available by cell phone (or other phone number provided at registration). Payment must be received by 2:00 PM CT November 29th, 2018 unless you plan to pay with cash. Payment by cash must be made at the auction site on December 4th only. A paid invoice will be required to remove purchases. No items may be removed until payment is made in full. 3. Buyer's Premium: An 18% Buyers' Premium will be added to each item purchased. 4. Texas Sales tax will be charged unless the buyer has provided a signed Sales Tax Resale Certificate or Exemption Certificate for this auction. Prospective buyers MUST fax or email their signed resale form prior to the end of the auction to (512) 261-9886 or info@JonesSwenson.com. NOTE: Texas Law requires the sales tax to be collected on the total price which includes the buyer's premium. 5. Removal: By appointment Tuesday December 4th through Friday December 7th from 8am-4pm each day. Buyer will be given the exact address for removal at the time of making their appointment for removal. When the auction is over, call the Seller at (832)829-0000 to set your appointment for removal. Seller will provide forklift and operator to assist buyers in loading (free of charge). Seller will offer shipping for small quantity lots (buyer's expense). For shipping information contact the seller at (832)829-0000. Bring your paid receipt for removal. Anything remaining after removal time will be considered abandoned. The Auctioneer is not obligated to issue you a refund if you are unable to pick up and remove your items during the published removal times. 6. Although all items in this auction are new inventory (2014-2017), everything is sold "As-Is" without warranties or guarantees of any type. There are NO REFUNDS OR RETURNS. 7. Choose Wisely: We want everyone to get a good deal and most will. ?However, when you bid on the wrong item or decide an item is not suited for your intended use, our sellers will not assume the cost of your mistakes. You agree that your failure to become fully informed about the items offered for sale in this auction will not be grounds for a refusal to pay amounts due, nor for any claim against the Auctioneer or Seller. 8. Buyer is Responsible: Seller, Auctioneer and Buyer expressly agree that Buyer is responsible for and agrees to indemnify Seller, Auctioneer and their respective affiliates for any and all damages (whether based on contract, tort, warranty, negligence, strict liability or any other legal theory, and including special, incidental and consequential damages), losses, expenses, attorneys' fees, court costs, etc., that arise out of or result from the removal, possession or use of any items purchased at this auction, or any other claim regarding the use or possession of any asset purchased at this auction. 9. Charge-backs Prohibited:You agree that you will accept all charges placed on the credit card associated with your account, and you agree that you will not charge back any amount that the Auctioneer charges to your credit card. You agree that this provision applies equally to amounts charged in connection with any items you have won and any buyer's premium or sales tax applicable. 10. Default and Resale: Bidder agrees that if, after being declared the winning bidder, you fail to pay for any item that you have won for any reason, your account will be declared in default.? If you still fail to pay for any item after being notified of your account's being in default, you agree that the Auctioneer will have the right to immediately resell your item, and you further agree to pay (a) any cost associated with the resale and (b) any deficiency between your original purchase price and the resale price. 11. Disposal of Unclaimed Items: In the event you refuse to pay for or abandon any item that you win at auction, the Auctioneer will have the option of reselling, removing, storing, or disposing of the unpaid-for or abandoned item. You understand and agree that you will be personally responsible for all deficiencies - and all legal, collection, transportation, and storage expenses - associated with your delinquent account and/or abandoned items. In the event of resale, you agree to pay any cost associated with the resale as well as any deficiency between your original purchase price and the resale price. 12. Suspension of Bidding Privileges: You understand and agree that any violation of these Terms and Conditions - and/or any unsafe or illegal activity during any auction-related event - may result in the Auctioneer's suspending your online bidding privileges indefinitely. Nothing in this paragraph will limit the Auctioneer's right to any other remedies at law or in equity. 13. Internet Problems: Auctioneer and Seller are not responsible for any internet connection problems that may occur during the auction. Bidders should understand that sometimes internet connection or delay problems do occur. Auction lots will not be re-sold or brought back up for bidding because of internet problems. If you have issues with placing bids, please contact HiBid Customer Service directly (352) 414-1947. 14. Missing Items: In the event an item sold in the auction is found missing prior to removal, the Auctioneer/Seller will only be responsible for the refund of the purchase price, buyer's premium and any sales tax. Buyer agrees that the only compensation due them will be the refund of actual money paid. Any discrepancy in count of items purchased must be brought to the auction staff's attention prior to removal from the auction site. 15. Claims and Choice of Venue: Any claim or controversy arising out of or relating to these Terms and Conditions, or to any breach thereof, will be resolved exclusively by a state court having jurisdiction in Harris County, Texas, or in the Federal District Court for the Western District of Texas, where federal jurisdiction exists. Each party hereby submits to the jurisdiction and venue of such courts. You agree that all claims instituted by you will be litigated on an individual basis, and will not be consolidated with any claim made by another party. You agree that any judgments awarded may be applied to and collected from you personally or corporately. Should you file an action contrary to this paragraph, the defending parties may recover reasonable legal fees and costs. Further, if you bring a claim against the Auctioneer and do not prevail, and/or if the Auctioneer takes action against you as a result of your violation of these terms and conditions and is the prevailing party, you agree that you will reimburse the Auctioneer for all reasonable legal fees and costs including reasonable attorney's fees. 16. Governing Law & Venue: These Terms and Conditions will be governed by and construed under the laws of the State of Texas. Venue will be Austin, TX. 17. Entire Agreement: These Terms and Conditions contain our entire agreement and supersede any prior oral or written agreements relating to the same subject matter. For general questions, please contact auction office: (512)261-3838 or Info@JonesSwenson.com For questions regarding possible shipping or to make an appointment for removal, please contact the Seller at: (832)829-0000 Thank you for participating in this auction.

New Industrial Tools, Parts & Supplies Over $500K in Wholesale Cost! Surplus to Ongoing Operations Location: NW Houston, TX This is a huge auction of new, quality industrial tools, parts & supplies. Every industrial company will find things they need. The exact location of this auction cannot be released until appointments are made for pick-up of purchases due to high security at the facility. Sample of Inventory: Snap-On Pneumatic Tools DeWalt Tools Baldor Electric Motors Spools of Welding Wire Full Face Respirators AutoCrib Bins - Module D T & H Lemont T-400 Cut-off Blades Cases of Work Gloves - Different Models SecoTools Carbide Inserts Heavy Duty Roller Bearings Snap On Specialized Pliers Sandvik Indexible Inserts Emuge Tap Machines - Various Sizes Boring Heads - Various Sizes End Mills Welding Accessories Abrasive Wheels Ridgid Pipe Cutters Aresol Degreaser & Stripper Grinding Discs Safety Harness Gasket Rings - Various Types Grooving Inserts PLUS MUCH, MUCH MORE!!! Jones Swenson Auctions Specializing in "Sold!" Since 1983