TERMS AND CONDITIONS FOR ONLINE EQUIPMENT AUCTION BIDDING This document establishes the complete terms and conditions governing participation in equipment auctions conducted by Southern Auction Solutions (hereinafter "Auction Company"). By registering to bid, participants acknowledge and agree to be bound by these terms. SECTION 1: REGISTRATION AND PAYMENT Southern Auction Solutions requires full payment within twenty-four (24) hours of purchase unless alternative arrangements have been explicitly agreed upon in writing. The Auction Company reserves the right to charge the credit card provided during registration for the full amount of purchases, including all applicable fees. SECTION 2: CONDITION OF MERCHANDISE AND WARRANTY DISCLAIMER All items are sold "AS IS, WHERE IS" without any warranty or guarantee whatsoever. While the Auction Company endeavors to provide accurate descriptions in advertising materials, neither these descriptions nor any oral statements made by the Auction Company or its representatives shall constitute a warranty, whether expressed or implied. The Auction Company discloses all known conditions of items; however, the responsibility for inspection rests solely with the potential buyer prior to bidding. All sales are final, and no returns will be accepted. SECTION 3: FEES AND CHARGES The following fees shall apply to all purchases: A. Buyer's Premium: Ten percent (10%) of the hammer price B. State Sales Tax: Applied to the total purchase amount including buyer's premium C. Credit Card Processing Fee: Three percent (3%) of the total transaction All purchases must be paid in full by 5:00 PM Central Standard Time on the day following the auction, unless prior arrangements have been made. The credit card provided during registration will be automatically charged for all fees unless alternative payment arrangements are confirmed in advance. SECTION 4: PAYMENT INTEGRITY Bidders utilizing checks or credit cards for payment hereby guarantee sufficient funds are available. Any payment dishonored by the issuing institution will result in Bidder being responsible for the following cost and fees and penalties: A. All collection costs, including attorney and filing fees B. Service fees imposed by the Auction Company C. Possible criminal prosecution for payment fraud SECTION 5: ACCOUNT SECURITY AND RESPONSIBILITY Each bidder assumes full responsibility for all purchases made under their assigned bidder number or account. Sharing of login credentials is strictly prohibited. The registered bidder shall be liable for all charges incurred under their account regardless of actual user. SECTION 6: LIABILITY AND RECORDING NOTICE Bidders assume complete responsibility for any personal injury or property damage caused by themselves or their agents while on auction premises. The Auction Company maintains the right to create video and audio recordings of auction proceedings without additional notification to participants. SECTION 7: AGENCY RELATIONSHIP AND BIDDING RIGHTS The Auction Company functions solely as an agent for the Seller and assumes no liability for representations made by the Seller. As a public auction, all qualified bidders, including Southern Auction Solutions, maintain the right to participate. The Auction Company reserves the right to: A. Accept or reject any bid B. Remove items from auction C. Bid on behalf of the Seller up to the reserve price, whether published or unpublished SECTION 8: ONLINE AUCTION CLOSING PROCESS The auction utilizes a "Soft Close" ending process. When a bid is received within the final minute of an item's scheduled closing, the timer automatically extends. Extensions continue until bidding ceases. Items may be "linked," meaning related items remain open when acti