## TERMS AND CONDITIONS (UPDATED AUGUST 16, 2018) ##
By bidding on and/or buying any item offered by Auctionblock you hereby agree to be bound by the following Terms and Conditions and acknowledge you are entering into a legal and binding contract. IF YOU DO NOT AGREE WITH THE TERMS AND CONDITIONS, DO NOT BID ON ITEMS OFFERED BY AUCTIONBLOCK.

Auctionblock may, at its discretion, update the Terms and Conditions at any time.

As used in the Terms and Conditions, "you" are an individual acting on your own behalf, or an agent of a person or entity that has authorized you to act on their behalf; "we" and "us" and "our" means Auctionblock.

## ITEM INSPECTIONS AND GUARANTEES ##
Auctionblock inspections are merely visual and limited to what our sales agent sees and hears the day of listing and dependent on statements made by sellers to Auctionblock. Therefore, all items are sold "As Is" and "Where Is" with no guarantees or warranties expressed or implied. Information, descriptions, and details, including but not limited to, year, make, model, mileage, hours, and condition, are deemed correct but are NOT GUARANTEED and you are responsible for your own due diligence. Auctionblock DOES NOT guarantee that any emission systems are intact or guarantee the functionality of any emission systems. Personal or independent 3rd party inspections are recommended and encouraged before bidding to verify the accuracy of any and all descriptions and information, written or oral, provided by Auctionblock or our agents. All sales are final.

## TRANSPORTATION, LOADING AND UNLOADING ##
Your purchased items must be removed from their location within 15 days of the auction. You will be assessed a storage fee of $25 per day, which will begin on the 30th day after the auction, if your item(s) is not removed. You are solely responsible to arrange transportation. Auctionblock DOES NOT transport or ship items but may refer you to competitive shippers if needed. No palletizing or banding is available. Any loading assistance must be discussed with the owner of the item(s) BEFORE bidding.

## TITLES AND TITLED VEHICLES ##
Non-Minnesota Residents: All titled vehicles are charged a minimum $35 title documentation fee which includes a temporary license permit. Titles will be completed using the name and address of the registered bidder and sent via FedEx to the registered address within 30 days of payment clearing unless Auctionblock is notified of name and address changes before payment. International FedEx rates may vary based on the country being sent to.

Minnesota Residents: The State of Minnesota requires us to collect a $100 title documentation fee, state sales tax, license and registration fees, and complete the transfer of ownership of passenger vehicles and pickup trucks for buyers who are Minnesota residents. Registration documents and license plates, if required, will be sent via FedEx. Proof of insurance with the correct policy number is required.

## PAYMENT TERMS ##
You will be emailed an invoice after the auction close with the amount due. It is your responsibility to contact Auctionblock to arrange payment. Payments not received within 48 hours of the auction close will be assessed a late fee of 1.5% of the winning bid amount or $50, whichever is greater. Additional fees may apply to your winning bid such as sales tax, incoming bank wire fee ($20), title documentation fee (min. $35), etc. Acceptable forms of payment are bank wire transfer ($20 fee), cashier's check, bank money order, and cash. International payments, including Canada and Mexico, must be made by bank wire transfer. Any forms of payment not explicitly stated as acceptable forms of payment are not accepted; this includes, but is not limited to, credit cards, personal checks, MoneyGram, Bitcoin, etc.

Any applicable sales tax laws apply per the location and seller of the item and are in addition to the final bid amount. Tax exemption forms will be provided by Auctionblock and are required to be completed by you to claim exemption for farm use or resale IF any sales tax is applicable. All exemption forms and/or necessary documents must be provided to Auctionblock within 30 days of date of sale to be eligible for any sales tax refunds that may apply.

Failure to pay for auction purchases will result in permanent denial of your bidding privileges, collection proceedings, and use of any credit reporting tools available to Auctionblock.

ALLIS-CHALMERS 260E