Auction Terms & Conditions: THIS WILL BE A TIMED ONLINE ONLY AUCTION EVENT with live previews. The PREBID aspect will be available approximately 7 days prior to the auction date. This will be a live auction with pre-bidding enabled. TERMS OF SALE We advise all prospective bidders to read the Terms & Conditions of the Auction Sale before bidding in a Reagan Watson Auctions, LLC Online Only Auction Sale. By placing a bid, the bidder is bound by the Terms and Conditions of the Online Only Auction, as amended by any oral announcement or posted notices, which together form the contract of the sale between the successful bidder (purchaser), Reagan Watson Auctions LLC and the seller (consignor) of the lot(s). 1. All property is sold "As Is, Where Is", and All Sales are Final. There are no bid reversals or refunds. 1a. Prospective bidders have the opportunity to examine items of interest (See 2.) on the Friday and Saturday preceding the auction. Condition reports are offered as a courtesy but they are a matter of opinion and Reagan Watson Auctions, LLC is not liable for any omissions or errors. 2. INSPECTION: Property is open to thorough public inspection. The bidder is invited, urged and cautioned to inspect the property prior to bidding. Property will be available for inspection at the places and times specified. It is the Bidder's responsibility to determine condition, age, genuineness, authenticity, value or any other determinative factor prior to placing a bid on an item. Bidder shall be the sole judge of value. Reagan Watson Auctions, LLC may attempt to describe the merchandise in advertising, on the internet, over the phone and at the auction but makes no representations. Persons in attendance during inspection, sale or removal of merchandise assume all risks of damage or loss to persons, property, or merchandise and shall exercise proper precautions at all times for the protection of persons and property and shall comply with all safety and health requirements as directed by Auctioneer, and local, state and federal regulations. Auctioneer, its agents, its employees and representatives shall not be liable by reason of any defect in or about the condition of the premises on which the auction is held. Buyer specifically releases Auctioneer, its agents and representatives from all liability thereof. In no event shall Reagan Watson Auctions, LLC be held responsible for having made or implied any warranty of merchantability or fitness for a particular purpose. 2a. INQUIRIES are answered on a first come first serve basis as a courtesy to clients unable to attend preview and may be submitted by visiting the lot page and clicking the CONTACT AUCTIONEER button. Please do not contact the office by phone or direct e-mail with questions about items. Additional information provided in response to inquiries is offered as our opinion only and is not part of the description of the goods being sold. 3. BIDDER REGISTRATION: Bidder must be 18 years of age or older, and is required to register for each auction. To participate in this Auction prospective bidders must register & provide identification information to establish that you are a valid bidder: At the time of registration, we collect information about you to verify who you are before you can bid. Bidders must submit information found to be current, complete, and accurate for proper identification. We collect credit card information to ensure that you are a qualified buyer. Bidder is responsible for security of his/her bidding number/user name and password, and any and all bids placed under the assigned number/ID. Auctioneer should be notified immediately if the Bidder believes his/her bid number, account and/or password have been compromised. There is no cost to register for an auction (A $1 Authorization will be charged when you initially register to validate your credit card.) The Authorization is never deducted from your account. It verifies that the card being placed on file is legitimate. The Billing information including address will be validated through this authorization. If the billing information on the Card doesn't match your shipping information the card may be rejected for possible fraud activity. Reagan Watson Auctions, LLC, at its sole discretion, reserves the right to terminate any registration, deny any person for any reason permission or access to bid, to reject any and all bids, and to suspend or ban Bidders from bidding. Bidder registration is not transferable or assignable. Bid Status: Reagan Watson Auctions, LLC may refuse your bid for any reason, especially if we feel it may be fraudulent activity. If you feel we have declined a bid or blocked you mistakenly you may reach out to us to explain your situation so that we can further evaluate its validity. We recommend that when bidding, place yours bids early so that you will know that your bid will be accepted. Don't wait until the final minute before the item closes to try to bid. 4. All items offered online will have a minimum starting bid as displayed on the online catalogue. Online bids lower than minimum will not be accepted. 5. CATALOGUE ERRORS & OMISSIONS: If a description does not match a picture in a lot, the description will take precedence. If you find an error, please contact the Reagan Watson Auctions, LLC and we will attempt to rectify it. All items are sold on an "as is, where is" basis, with all faults. In the event an item was listed in error or an item can't be located during pick up for any reason, the bidder agrees that their maximum recourse is a full refund of the item in question and that all other items bid on remain binding. By bidding you are acknowledging agreement with the terms above. Do not bid unless you agree to all of these terms. The Bidder is responsible for knowing which item is being bid on. If the Bidder is unsure, they should inquire or not bid. When becoming the winning bidder at auction you have effected a contract and will be expected to pay for items in which you were evidenced to be the successful bidder. Auctioneer will not honor "mistakes". 6. REVIEWING YOUR BIDS: During an auction you can check the status of your bids at any time by logging into your Hibid account. Please be careful when placing bids. Placing a bid is a two step process. When you click the bid button it will pull up a window verifying that you want to place that bid. If you want to place the next bid increment that the computer is asking for you can do that. If you desire to increase the amount of your bid this screen will allow you to bid a higher amount. Ensure that you type in the correct amount. If you make an error the Reagan Watson Auctions, LLC can attempt to correct it but it has to be in a timely manner before the item closes. In order to make a correction you must contact Reagan Watson Auctions, LLC by email- glenn@reagan-watsonauction.com. We have a staff member on duty during all online auctions. You are responsible for the bids that you place. Note that no bids can be withdrawn after the auction for any reason. 7. PROGRESSION OF THE AUCTION: Auctions are typically uploaded to the HiBid Auction Platform 5-7 days before the auction is scheduled to end. Each Auction will have a scheduled time that each auction's items will begin closing. If an auction starts closing on a Sunday night at 5 PM the first lot will be scheduled to close at that time. Auction lots may be scheduled to end anywhere between 15 to 30 seconds apart. Each lot will show a scheduled ending time. If no one bids in the final two minutes before a lot is scheduled to close that lot will close out. If someone bids within the final minute before that lot is scheduled to close, 2 Extra minutes will be added to that lot and that lot only to allow additional time for people to bid. The remaining lots behind that lot will continue to close as scheduled unless someone bids in the last minute on that specific lot as well. This is done to prevent a bidder from 'sniping', all bids made in the last minute of the auction will force an item to stay open for an additional 2 minutes. This gives the back bidder additional time to increase his/her bid if desired. This process will continue until all bidding has ceased on no one bids within the additional minute that was added. 8. PAYING FOR YOUR PURCHASES: There is no cost to register for an auction. We do not take Credit Cards for payment after the Auction. We take PayPal (3% charge added), Cash or Approved Check for Purchase price of your won items including Sales Tax (if appropriate) and Buyers Premium. All items must be paid for in full prior to picking up items. We reserve the right to require payment via wire transfer from buyer's not known to us. If we suspect any fraudulent activity we reserve the right to hold these items until we can determine the validity of the purchase. 9. BIDDING NOTIFICATIONS: You can choose to be notified by email during the auction if you have been outbid. You can watch each item end. If you are the high bidder on an item the item will be highlighted in Green in the Live Auction area. If the lot changes from green to red it means that you have been outbid and would need to bid again at a higher bid. The item will not change back to green until you have surpassed the high bid that the back bidder placed. 10. RESERVE: Seldom are items sold with Reserve. If an item is being sold with a reserve, it will be clearly marked and identified. For items sold with a 'reserve', you will be required to pay a minimum amount in order to win the item. 11. REMOVAL OF ITEMS: All items are sold in place. Buyers are responsible to remove items in a good workmanlike manner. Any plumbing must be shut off before being disconnected and any electrical that is disconnected must be capped. You must bring any and all tools, equipment required to disconnect and remove any items you purchase. You must bring any required labor to assist in carrying your items from the site to your vehicle. We will have staff onsite to assist buyers in finding your items. We may have porters available that can be hired to assist with removal of your items most of the time. The fees charged by the Porters will be between you and them, Reagan Watson Auctions, LLC is not involved with that process. Please plan ahead and come prepared. You are expected to bring boxes, packing materials, tape, tools, wheel carts, dollies or anything else needed to remove your items in a timely manner. Any items not removed by the times shown will be deemed abandoned regardless of the price. If you can't pick your items up during the time scheduled, you are responsible for designating someone to pick your items up during the time that we are scheduled to be there. You have been advised of the preview and pickup dates prior to the auction. If you are unable or unwilling to pick up your items during the scheduled time please don't bid on the items unless you provide someone to pick your items up for you, or you are having your items shipped. Furniture and large heavy items will not be shipped. 12. RISK TO PERSON AND PROPERTY: BY REGISTERING AS A BUYER, YOU AGREE THAT Reagan Watson Auctions, LLC & THE SELLER/CONSIGNOR ARE NOT LIABLE TO YOU FOR ANY DAMAGE TO THE ITEMS YOU PURCHASED, YOUR OTHER PERSONAL PROPERTY, OR FOR INJURY OR DEATH. Please take care of yourself and your items as you have released us from liability. We will not be liable for damage or injury to individuals or their property. Purchaser assumes all risk and liability whatsoever resulting from the use of the item(s) sold hereunder; and shall defend, indemnify, and save harmless Auctioneer and Seller from any liability. 13. AUCTION RECORDS: In the unlikely event of a dispute, you agree to accept as true the information that we have in our records. 14. ADDITIONS & DELETIONS: We reserve the right to remove and/or add lots and/or items to the sale at any point during the auction. 15. The Auctioneer reserves the right to accept bids in any increment he feels is in the best interest of his client, the Seller. The Auctioneer reserves the right to reject the bidding of any person whose conduct, actions, or adverse comments he feels are not in the best interest of the Seller. 16. Titles will be disbursed on auction day only if payment is made in cash; otherwise they will be mailed when the check clears the bank. This will take approx.10 days for a personal check. If you replace a personal check with a local bank/cashier's check we will be able to hand you the title at that time. 17. SALES TAX: Sales tax will be added to the purchase of all taxable items when auction does not take place in the state of Delaware. BUYER'S PREMIUM: A premium of 18% of the bid price will be added to the price of each item purchased. Taxes are calculated AFTER the buyer's premium if needed. The Bidders Payment Type will not affect the Buyer Premium at an Online Only Auction. The buyer's premium includes commissions and/or fee's retained by the Online Bidding Platform company. 18. If the foregoing conditions or any other applicable conditions are not complied with, in addition to other remedies available to Auctioneer and Seller by law, including without limitation, the right to hold the purchaser liable for the bid price, the Auctioneer, at their option may (1) resell the property publicly or privately, with purchaser being liable for the payment of any deficiency plus all costs incurred, or (2) cancel the sale, retaining liquidated damages on all payments made by purchaser, Auctioneer commission and all other incidental damages will be charged. 19. Information in brochures, catalogs and other advertisements are from sources believed to be reliable; however prospective purchasers are urged to inspect the inventory or property to satisfy themselves as to condition, model, manufacturer, year, features, mileage, survey, acres, etc. Neither the Auctioneer or our client make any guarantees and are not responsible for listing or advertising inaccuracies or discrepancies. 20. All statements made by the Auctioneer the day of the auction take precedence over oral statements and/or printed materials. 21. Local Pickup is recommended for this Auction by the Reagan Watson Auctions, LLC. Buyer is responsible for bringing all Tools, Manpower, Boxes & Packing materials to remove the items in a timely manner. 22. SHIPPING: Local Pickup is recommended for this auction by Reagan Watson Auctions, LLC. Buyer is responsible for bringing all tools, manpower, boxes & packing materials to remove the items in a timely manner. Reagan Watson Auctions, LLC does not handle any shipping in-house. Shipping can be handled by Parcel Plus Store of Rehoboth, DE 302-227-9220 they will pickup, package, and ship your items to you at their rates. The fee for this is determined by Parcel Plus Store and is completely separate from your purchase with Reagan Watson Auctions, LLC. Reagan Watson Auctions, LLC does nothing for this process outside of facilitating pickup by adding you to our shipping queue if you so desire. We cannot give quotes or answer any questions on their behalf nor do we have any influence over their pricing. If you would like shipping arranged via the Parcel Plus Store please reply to your invoice that is sent out after the auction indicating this. If you win an item and decide not to pay for shipping or pickup items yourself this does not entitle you to a refund on your purchase and will still be charged. If you opt to use the Parcel Plus Store for shipping please follow the instructions that follow. **Please be aware if you choose to utilize shipping via the UPS store as outlined below you must reply through to your invoice or direct email (glenn@reagan-watsonauctions.com) us to release your items for pickup. If this is the option you would like you do not need to contact them. Parcel Plus Store first pickup with us will be the Friday following the auction. If you opt to have the Parcel Plus Store pack and ship your items please expect a a call or email within 48-72 hours after they have picked up from us for them to make the final shipping arrangements with you. Any questions contact Parcel Plus directly. Please realize there is an extreme delay in quotes for any items post auction because items confirmed for shipping take priority. If you request your items to be added to the shipping queue the Parcel Plus Store personnel will contact you to give you a final price and collect payment for their shipping. If you decide to not follow through with Parcel Plus Store shipping they will bring the items back to Reagan Watson Auctions, LLC. 23. Reagan Watson Auctions, LLC reserves the right to extend the bidding time if an error should occur with the online server. 24. By registering for the Auction you hereby agree to receive mail and/or email correspondence from Reagan Watson Auctions, LLC from time to time. Auctioneer uses email mailing lists to notify customers about online and live auctions. Customers who do not wish to be notified should contact the office at (302) 422-2392 and request removal from the email mailing list. You can unsubscribe at any time. 25. PURCHASING FIREARMS: It is the prospective bidder's responsibility to ensure that the item(s) they purchase can be legally owned in their State, County or Jurisdiction. The buyer is responsible for making sure all paperwork is completed with Reagan Watson Auctions, LLC and that any background checks are passed. Being unable to complete this process for any reason does not relieve the buyer of responsibility to pay for their purchases. Before bidding please read and understand our terms and conditions pertaining to REGULATED FIREARMS. We consider REGULATED FIREARMS to be any firearm that requires paperwork or background checks to legally transfer possession. If you bid on this item and FAIL A BACKGROUND CHECK the item will be FORFEITED. Pistol transfer fees are $25 per firearm. Long Gun transfer fees are $25. Out-of-state buyers to FFL transfer fees are $40 per firearm. If the purchaser holds their own FFL then transfer fees are $25 for the first firearm, pistol, or long gun and $25 per additional gun within the same auction. Pistols can only be transferred to DE residents (residents of any other state must transfer via an FFL in your state). Any guns listed as regulated in our catalog will not be changed unless we determine there was a clerical error. Reagan Watson Auctions, LLC has final authority on the decision over what guns are considered regulated, THIS IS NOT UP FOR DEBATE AND NO LISTINGS WILL BE CHANGED AFTER REAGAN WATSON AUCTIONS, LLC HAS MADE A DECISION. If a firearm is listed as modern or regulated it is in our FFL dealers ACQUISITION & DISPOSITION (A&D) book & will not be changed, meaning paperwork is required. The only means for firearms listed as regulated to be transferred is to complete transfer paperwork with a Federal background check, or to ship to an FFL Dealer. We do not take a C&R license for any purchase of firearms!! Payment for the packing, materials, boxes, insurance, Signature Confirmation, handling & shipping of purchased lots is the sole responsibility of the buyer. Buyer is responsible for the actual cost of shipping. Buyer is also Responsible for a $40.00 Fee per Regulated firearm to take the firearm off our books and Transfer it to your FFL Dealer. Shipping fees must be paid prior to the items being shipped. Shipping charges will be billed separately from the items won at auction. It may be up to 14-21 days time from the day that the invoice for items won is charged & the shipping charges are determined & charged. IT SHOULD BE UNDERSTOOD THAT THIS TYPE OF SHIPPING CAN BE VERY EXPENSIVE. NO REFUNDS WILL BE GIVEN IF YOU CHOSE NOT TO HAVE YOUR ITEMS SHIPPED. Shipping may not be available on some larger sized or heavy items. These items will be marked in the catalog. If you purchase an item marked with shipping not available (large or heavy) the buyer will be responsible for hiring a moving/freight company and pay all associated costs. This must be done in a timely manner as we do not offer storage for items after the auction. Any questions please email us at glenn@reagan-watsonauctions.com or call 302-422-2392 during business hours- Mon-Fri 8:30AM-4:30PM

3 Onsite Online Only Auctions