By registering and bidding on any item, the bidder/buyer shows acceptance of the following terms and conditions. Do not register or bid unless you agree to all of the terms and conditions: REGISTRATION: All information provided by bidder/buyer during the registration process must be current, complete, and accurate. Bidders must be 18 years of age or older. Sherwood Auction Service, LLC. at its sole discretion, may deny registration to any person or entity. DISCLAIMER: All lots are sold "AS-IS, WHERE-IS", with all faults, imperfections and errors. Sherwood Auction Service, LLC. and the seller(s) do not give or make any type of guarantee or warranty regarding the lots to be sold, implied or otherwise. Sherwood Auction Service, LLC. encourages all bidders to inspect lots in person before bidding. Sherwood Auction Service, LLC. has put forth every effort in preparing the catalog for every auction to provide accurate descriptions of all items, however, it is the bidder's responsibility to determine the condition and suitability of each lot. Due diligence is the responsibility of the bidder/buyer. Printed statements or descriptions by staff are provided in good faith and are matters of opinion. Any bidder's failure to inspect, or to be fully informed on the quality or condition will not constitute grounds for any claim, adjustment, refund, termination of the purchase contract, or refusal to close the sale. If you are unsure about any of the Term and Conditions, pricing, or how to bid; IF YOU ARE IN ANY WAY UNSURE AS TO ANY MATTER HEREIN, Sherwood Auction Service, LLC. URGES YOU TO NOT BID. CONDUCT OF THE AUCTION: Conduct of the auction and increments of bidding are at the direction and discretion of Sherwood Auction Service, LLC. Sherwood Auction Service, LLC. reserves the right to reject any and all bids for any reason and also reserves the right to cancel this auction, or remove any item or lot from this auction prior to the close of bidding. WE ACT ONLY AS AGENTS FOR THE SELLER. Sellers or their agents reserve the right to bid on their own behalf to protect their investment(s). All decisions of Sherwood Auction Service, LLC. are final. MAX BID: When you place your maximum bid, the current bid price doesn't automatically jump to your max bid. Your bid will go to the next highest increment and will be increase as other people bid against you. The computer will automatically bid up to your max in the increments specified. By placing any bids you have agreed by legal contract that your bid or max bid is what you are willing to pay for that specific lot(s) and may have to pay full bid or max bid amount of any bids placed. The buyer agrees and is responsible for every bid amount placed. Remember, Sherwood Auction Service, LLC or anybody for that matter DO NOT force you to place any bid, you and you alone are responsible for your actions. Please bid accordingly. . BUYER'S PREMIUM AND SALES TAX: Unless a specific auction states otherwise, a 13% buyer's premium will be charged on all items and lots. Every bidder/buyer pays the same buyer's premium and should bid accordingly. For example, if you bid $100 on an item at the auction you will be charged $113 for the item on your auction invoice. Please take this into consideration when bidding. In addition, there will be an discount of 3% buyer's Premium for Bidders who chose to pay with cash or check. 6% MI Sales Tax applies. (Coins & Currency are Sales Tax Exempt) (Farm Use and Sales Tax Exempt will need to fill out an Exemption Form). AUCTION ENDING: Beginning at the stated closing time, the auction software will conclude bidding for one lot every few seconds in catalog order with the following exception: if a bid is placed in the last two (2) minutes remaining for that auction lot, bidding for that lot will automatically extend the auction for additional two (2) minutes. Some lots may be grouped together so that a bid on one lot will extend the time on all lots in that group. An e-mail of invoice will be sent to the winning bidder/buyer of each auction after auction has completely closed. PAYMENT: All buyers must pay for their purchases in full within the scheduled removal dates after auction ending. : Cash, Checks, Money Orders, Cashiers Checks or Credit Card. Sherwood Auction Service WILL NOT ACCEPT ANY CREDIT CARD PURCHASES OVER $1,000.00. ALL PURCHASES OVER $1,000.00 MUST BE WITH CASH, MONEY ORDER or CASHIERS CHECK. UNLESS PRE APPROVED. Merchandise becomes the full responsibility of the bidder/buyer at time of payment and the bidder/buyer assumes all risk of loss and damage to property at that time. All Items NOT PAID FOR BY FRIDAY AT 3PM WE WILL RUN THE CREDIT CARD USED TO REGISTER. ALL ITEMS MUST BE PICKED UP ON SITE ON THE POSTED TIMES! ITEM PICK UP & REMOVAL: All successful bids must be picked up within scheduled removal dates of that specific auction unless other arrangements have been made. No items can be removed until Sherwood Auction Service, LLC. has received and acknowledged payment in full. Any items not picked up by scheduled removal dates (for that specific auction), ALL ITEMS MUST BE PICKED UP ON SITE ON THE POSTED TIMES! All Items NOT PAID FOR BY FRIDAY AT 3PM WE WILL CHARGE THE CREDIT CARD USED TO REGISTER. If you will need any tools and help to remove your items BRING THEM WITH YOU. All Items are still hooked up to Gas, Water and /or Electric. If you purchase items that are hooked up or attached in any way, it will be your responsibility to remove them! All items were in working condition when the restaurant closed. You will be required to PLUG all GAS & WATER lines that you unhook, You will be required to CAP ALL ECLICTRICAL WIRES you unhook. PLEASE COME PREPARED! Any holes you make in the exterior of the building will be your responsibility to cover. Sherwood Auction Service Does not offer Shipping. SUSPENSION / PERMANENT BAN: A bidder/buyer will be suspended or permanently banned from Sherwood Auction Service, LLC. Online Auctions for providing false or fraudulent information when registering. A bidder/buyer will be permanently banned from Sherwood Auction Service, LLC. Online Auctions for failing to honor the "REMOVAL" terms made under that bidder/buyer registration. TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software, internet or any other online auction-related technologies, Sherwood Auction Service, LLC. reserve the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software, nor Sherwood Auction Service, LLC. shall be held responsible for a missed bid or the failure of the software to function properly for any reason. BEFORE THE AUCTION: You may attend pre-sale viewing for all of our auctions. All property to be auctioned is usually on view for several days prior to the sale. You are encouraged to examine lots thoroughly. IMPORTANT NOTE: Your bid is a legally binding contract, no exceptions. Winning bidder agrees to indemnify and hold harmless sellers, auctioneers, auctioneers employees, auction company owners, directors, etc. etc. from all claims, fees, judgments, expenses, disputes, legal fees etc. etc. If you fail to pick up your items on the load out day and don't contact us we will bill your credit card used upon registration for this auction. Please contact us for any additional questions. Penni (Auction Manager) Sherwood Auction Service LLC. Office Phone 1-800-835-0495 sherwoodauctionservicellc.com

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