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Delta Graphics Inc. Bankruptcy Auction

Terms & Conditions

TERMS & CONDITIONS OF SALE
1. Buyer is required to maintain a 25% deposit on all items purchased at the auction. This is a nonrefundable deposit and
will be forfeited in the event that a Buyer fails to close. Payments are accepted in the form of CASH, CASHIER’S CHECK
made payable to Great American Group, WIRE TRANSFER, or BUSINESS CHECK accompanied by an APPROVED BANK
LETTER OF GUARANTEE payable to Great American Group ONLY. NO EXCEPTIONS. All bidding and invoicing will be in US
Dollars ($); the above approved forms of payment must be made in US currency. ALL INVOICES MUST BE PAID WITHIN 24
HOURS OR THE DEPOSIT WILL BE FORFEITED TO AUCTIONEER.
2. $500 REFUNDABLE ENTRANCE DEPOSIT MAY BE REQUIRED TO REGISTER AND TO PARTICIPATE IN THE AUCTION.
3. A premium of 12% of the bid price will be added to the price of each item purchased. Taxes are calculated AFTER the buyer’s premium. Note: Buyer’s premium for online purchases (via webcast) will be 15%.
4. ALL SALES ARE FINAL. NO EXCEPTIONS. The condition of the merchandise being offered varies. Buyer understands and
agrees: (1) that any description or sample of the merchandise given or furnished by Auctioneer is solely for identification,
and does not create any warranty, expressed or implied, that the merchandise actually conforms to such description or
sample; (2) that all merchandise is purchased and accepted by Buyer "AS IS-WHERE IS," ‘IN PLACE” and "WITH ALL FAULTS,
KNOWN AND UNKNOWN." AUCTIONEER MAKES NO WARRANTIES OR GUARANTEES WHATSOEVER WHETHER WRITTEN, ORAL OR
IMPLIED AS TO QUALITY, QUANTITY, CONDITION, LOCATION, USEABILITY, SALEABILITY, WEIGHT, MEASUREMENT, YEAR, MODEL,
MECHANICAL CONDITION, PERFORMANCE, FITNESS FOR A PARTICULAR PURPOSE OR OTHER SPECIFICATIONS.
MANUFACTURERS WARRANTIES MAY BE IN EFFECT. NO SALE SHALL BE INVALIDATED AND AUCTIONEER SHALL HAVE NO
LIABILITY FOR A MISDESCRIPTION OF ANY ARTICLE OR LOT WHETHER CONTAINED IN A CATALOGUE, ADVERTISEMENT OR
OTHERWISE. Descriptions have been prepared for guide purposes only and shall not be relied upon by Buyer for accuracy
or completeness. By submitting a bid, Buyer/Bidder affirms it has inspected all items or has waived its right to do so prior to
bidding. Buyers shall be deemed to have relied entirely upon their own inspections and investigations.
5. Buyers will be charged all applicable taxes unless SATISFACTORY PROOF OF EXEMPTION is provided to Auctioneer. If
satisfactory proof is not provided, Buyer will pay all applicable taxes to Auctioneer. Proof must be provided PRIOR to
removal of purchases. No taxes will be refunded once the purchases have left the site. Proof of exemption, subject to
approval by Auctioneer, includes VALID RESELLER’S PERMITS, STATE-ISSUED LETTERS OF EXEMPTION, BILLS OF LADING
provided by shipper for OUT-OF-STATE SHIPMENTS only, and any other documents as governed by applicable local, state,
and federal laws deemed acceptable at Auctioneer’s sole discretion. Taxes are calculated AFTER the buyer’s premium.
6. All articles will be sold to the highest bidder conforming to the bid process. Auctioneer reserves the right to sell articles
by individual group lots and “En Bloc” as he deems appropriate. Auctioneer reserves the right to group, reduce, add to or
delete lots. Auctioneer reserves the right to sell on behalf of third parties, its own account or on the account of others. In
the event there is a dispute between two or more claims of entitlement as the successful bidder, Auctioneer reserves the
right to re-auction the item in dispute. Auctioneer shall regulate all matters relating to the conduct of the auction and his
decision shall be final and binding on all bidders. Auctioneer shall be entitled to make changes in (the composition of) the
lots or to withdraw them, up until the last moment before the sale, refuse bids without having to state the reasons, in which
case the previous bid
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