T E R M S O F S A L E



NOTICE: All Bidders and other persons attending this sale agree that they have read and had full knowledge of these terms and agree to be bound thereby.

Posted Payment Due Date: 24 Hours from receipt of invoice

Posted Last Day of Removal: TBD

BUYER INFORMATION: Each potential Buyer represents, warrants and certifies that it has provided (i) its full and accurate legal name and business address, and the full and accurate legal name and address of Buyer’s representative(s) attending and/or participating in the sale event of the Property, and (ii) the citizenship status of Buyer and its representative(s) and any foreign interest of Buyer or its representative(s)

OUT OF COUNTRY RESIDENTS WILL NOT BE APPROVED TO BID WITHOUT A REFUNDABLE DEPOSIT PRIOR.

DEPOSIT: Koster Industries Inc. reserves the right to require a deposit upon registration including credit card deposits and holds on the credit card for a minimum of $500.00 USD. All deposits are refundable.

PAYMENTS: All payments must be made in the form of Cash, Company Check – up to $1,000, Certified Funds over $1,000, Money Order, Wire Transfer and Credit Cards with a 3% Processing charge. Koster Industries Inc. reserves the right to charge any buyers credit card for purchases made at the sale including all fees associated with if there is no communication between buyer and Koster Industries Inc. We will make multiple attempts to contact buyer then have the right to charge credit card associated with the account.

Manner of payment is to be made out to Koster Industries Inc. Payments are due upon posted time of payment, any payments over the period of one week with no communication between buyer and auctioneer could be considered abandoned and Koster Industries Inc. Will reserve the right to re-sell any and all lots purchased.

BUYER BEWARE: “THE BUYER ALONE IS RESPONSIBLE FOR CHECKING THE QUALITY AND SUITABILITY OF GOODS BEFORE A PURCHASE IS MADE”. Koster Industries Inc. makes no representations, warranties, promises, covenants or guarantees, expressed or implied, as to defects in or the completeness or accuracy of the description in any advertising of any item(s) being auctioned and is not responsible for any advertising discrepancies, descriptions, nomenclature or inaccuracies of any kind. ALL ITEMS ARE SOLD ON “AS IS, WHERE IS” BASIS AND WITH ALL FAULTS WITHOUT EXCEPTION AND WITH REMOVAL AT BUYERS SOLE RISK AND EXPENSE. THE AUCTIONEER MAKES NO REPRESENTATIONS, WARRANTIES, PROMISES, COVENANTS OR GUARANTEES OF ANY KIND, EXPRESSED OR IMPLIED, AS TO THE NATURE, QUALITY, DURABILITY, CAPABILITY, FUNCTION, PERFORMANCE, VALUE OR CONDITION OF THE ITEM(S) BEING AUCTIONED OR ITS (THEIR) SUITABILITY FOR ANY USE. THE AUCTIONEER EXPRESSLY AND SPECIFICALLY DISCLAIM, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.



REMOVAL: All purchases must be removed not later than Posted Removal Time. No lot can, on any account, be removed during the sale. Removal shall be at the expense, risk, and liability of the purchaser. Purchases will be delivered only on presentation of paid bill. The Auctioneer shall not be responsible for goods not removed within the time allowed, but shall have the option to remove and store at the expense and risk of the purchaser any article purchased, but not paid for and removal of any of the goods. A storage charge of $750.00 USD will be applied to anyone who does not remove within the posted time limit without prior permission from our office. for insurance reasons Koster Industries Inc. does not supply any material handling devises or equipment including but not limited to forklift trucks, cranes, pallet jacks, hand trucks, Etc. We require valid insurance from all people who work inside the facility including all machinery movers, erectors, millwrights, or any buyer operating equipment or dismantling/moving machinery - NO EXEMPTIONS.

Koster Industries Inc. does not pack, ship crate, transport or rig any items, we provide riggers/pack & ship companies information on our website as a courtesy, they are 3rd party contractors, Koster Industries is not responsible for rigging charges, damages, Etc. We must be supplied with an insurance certificate naming Koster Industries Inc. as additionally insured for all machinery movers or anyone operating equipment within the building - NO EXCEPTIONS

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RESPONSIBILITY FOR NON-DELIVERY: The Auctioneer shall not, in any event, be liable for non-delivery or for any other matter or thing, to any purchaser of any lot, other than for the return to the purchaser of the deposit or sum paid on said lot, should the purchaser be entitled thereto.

CLAIMS: No claims will be allowed after removal of goods from premises. Koster is not responsible for any damage incurred by contractors or riggers, no rigger / customer can lay any claim to Koster for any and all damages

SAFETY DEVICES: Articles purchased may not incorporate approved activating mechanisms, operating safety devices or safety guards, as required by OSHA or otherwise. It is purchaser’s responsibility that articles purchased be so equipped and safeguarded to meet OSHA and any other requirements before placing such articles into operation.

INDEMNIFICATION: Purchaser agrees to indemnify and hold the Auctioneer harmless from and against all claims and liabilities relating to the condition or use of the articles purchased or failure of user to follow instructions, warnings or recommendations of the manufacturer, or to comply with federal, state and local laws applicable to such articles, including OSHA requirements, or for proximate or consequential damages, costs or legal expenses arising therefrom.

COMPLIANCE WITH LAWS: Buyer shall comply with all U.S. export control laws and regulations. The Property sold under the Transaction Documents may be subject to the provisions of Export Administration Act of 1979 and the Export Administration Regulations promulgated thereunder, the Arms Export Control Act and the International Traffic in Arms Regulations, and the sanctions laws administered by the Office of Foreign Assets Control. Buyer acknowledges that these statues and regulations impose restrictions on import, export and transfer to third countries of commodities and related data, and that licenses from the U.S. Department of Commerce or U.S. Department of State may be required before such commodities or data can be transferred, and that such licenses may impose further restrictions on use and further transfer of such commodities and data. Buyer agrees (i) to notify Seller prior to any transfer of Property (including goods, commodities or data) purchased under the Transaction Documents to any parties outside of the United States, (ii) to provide an end-use certificate and a certification that the Property (including goods, commodities, and data) purchased under the Transaction Documents will not be transferred to any end-user or for any end-use that is prohibited by U. S. law, (iii) to provide proof of any required U. S. Automated Export System (AES) filing prior to export of any Property (including goods, commodities or data) purchased under the Transaction Documents, and (iv) that Seller reserves the right to cancel any sale at any time in the event it determines, in its sole discretion, that any transaction arising out of the Transaction Documents does or may violate applicable U.S. export control or similar laws.

COMPLIANCE WITH TERMS OF SALE: In default of payment of bills in full within the time therein specified, the auctioneer in addition to all other remedies allowed by law, may retain all monies received as deposit or otherwise, as liquidated damages. Lots not paid for and removed within the time allowed herein may be resold at public or private sale without further notice, and any deficiency, together with all expenses and charges of re-sale, will be charged to the defaulting purchaser. The execution, interpretation, and performance of the Transaction Documents shall be governed by, and construed in accordance with,

the laws of the State of New York (without regard to its conflicts of law provisions). THE PARTIES HEREBY WAIVE THE RIGHT TO A JURY TRIAL IN ANY DISPUTE OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF, DIRECTLY OR INDIRECTLY, THE TRANSACTION DOCUMENTS, ANY OF THE RELATED DOCUMENTS, ANY DEALINGS BETWEEN SELLER AND BUYER RELATING TO THE SUBJECT MATTER HEREOF OR THEREOF, AND/OR THE RELATIONSHIP THAT IS BEING ESTABLISHED BETWEEN SELLER AND BUYER.

RISK TO PERSON AND PROPERTY: Persons attending during exhibition, sale or removal of goods assume all risks of damage of or loss to person and property and specifically release the auctioneer from liability therefore. Neither the Auctioneer nor his principal shall be liable by reason of any defect in or condition of the premises on which the sale is held.

ADDITION TO OR WITHDRAWAL FROM SALE: The auctioneer reserves the right to withdraw from sale any of the property listed or to sell at this sale property not listed, and also reserves the right to group one or more lots into one or more selling lots or to subdivide into two or more selling lots. Whenever the best interest of the seller will be served, the auctioneer reserves the right to sell all the property listed, in bulk.



SALE BY ESTIMATED WEIGHT, COUNT OR MEASURE: Where items are sold by estimated weight, count or measure, the purchaser will be billed for and required to pay for the estimated weight, count or measure. If upon delivery, any shortage exists, the purchaser will receive a refund at the rate of purchase. If there be an excess, the purchaser will be required to take and pay for such excess, at the rate of purchase.

DISPUTE BETWEEN BIDDERS: If any dispute arises between two or more bidders, the auctioneer may decide the same or put the lot up for sale again at once, and resell to the highest bidder. The auctioneer’s decision shall be final and absolute.

RESERVE: The auctioneer reserves the right to reject any and all bids. On lots upon which there is a reserve, the auctioneer shall have the right to bid on behalf of the Seller.

RECORDS: The record of sale kept by the auctioneer and bookkeeper will be taken as final in the event of any dispute.

AGENCY: The auctioneer is acting as agent only and is not responsible for the acts of its principals.

SALES TAX: Purchaser shall also pay all applicable sales or use taxes imposed by all taxing authorities on such transaction unless purchaser shall present a resale certificate, certificate of exemption or the like, exempting the purchaser and auctioneer from the payment of any such sales and use taxes.

BANKRUPTCY: If at any time prior to payment in full, purchaser files a petition in bankruptcy or for other similar protection from creditors, or an involuntary petition in bankruptcy or other similar proceeding is filed against the purchaser, then, at the option of the auctioneer, the sale may be voided.

ADDITIONAL TERMS AND CONDITIONS: The auctioneer may add other terms and conditions of sale, such additional terms and conditions to be announced prior to the auction.

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CNC PRESS BRAKE
Amada Promecam Mdl. HFBO 166-1/2” x 1700kn (170.6-Ton) CNC Press Brake, 149” between housings, 180mm max stroke, Amada operateur controls, pendant with foot pedal controls, European style tooling, 230/ 460v, 3-phase, 60Hz electrics, S/N: HFBO-170-40-H41126 (1994)

MECHANICAL PRESS BRAKE
Chicago D&K Mdl. 510-D 12’ x 150-Ton Capacity Mechanical Press Brake, 128” between housings, manual back gauge, S/N: P9109

POWER SHEAR
Accurshear Mdl. 25010825010LP 10’ x .250” Mild Steel Power Squaring Shear, front operated power back gauge, front arm extensions, squaring arm, S/N: 427 (1985)

CNC TURRET PUNCH
Amada Pega 345 Mdl. 304050-NCT 30 Ton Capacity CNC Turret Punch, 58-station turret, 107” x 51-1/2” bearing table, power sheet clamping, 4-1/2” thick turret, Amadan 04P-C controls, GE Fanuc 00-PC-PEGA CNC controls, S/N: A0450228 (1995)

FABRICATOR
Strippit Custom 30/40 “Fabricator” Mdl. 92029 30-Ton Capacity Power Punch, 30” throat, 6’ x 48” table, 176” long sheet clamp, foot pedal controls, S/N: 04162077

SAWS
Baileigh Industrial Mdl. BS-330M 13” Horizontal Bandsaw, 13” round, 13” x 20” rectangle, 13” x 11” mitering, 82-270 FPM blade speed, manual clamping, 220v, 3-phase, 60Hz, vari-speed motor, coolant, S/N: 0511409 (2005)

7” Horizontal Bandsaw, manual clamping

Powermatic 20” Vertical Bandsaw, 24” x 24” table, butt welding attachment

10” Mitering Abrasive Chop Saw

Delta Rockwell 10” Table Saw, bench mounted, rip fence

POWER ROLLER
48” Power Roller, 4” diameter rolls, 1HP, 115 / 230v, 3-phase, 60Hz motor

IRONWORKER
Gairo Mdl. MC-20 Mechanical Ironworker, 14” punch throat depth, flat square round & angle shear, 6” brake

HAND BRAKE
Whitney 8’ Hand Brake

CIRCLE SHEAR
Niagara 48” Power Circle Shear

BENDER
Diacro No. 4 Hand Bender, S/N: DD1471

SANDERS
Timesaver Mdl. TOP-18 18” Belt Sander, dry type, 18” rubber belt, Hammond dust collector, 7.5HP motor, S/N: 5499

Delta Mdl. 31-730 6” x 12” Belt / Disc Sander, S/N: 88A02966

TOOLROOM
Clausing Colchester Mdl. 15-746 15” x 50” Geared Head Engine Lathe, inch / metric threading, threading dial, 2” spindle bore, 25-2000 RPM, mic stop, 10” 3-jaw chuck, tailstock, Clausing 6-station turret attachment, draw bar, S/N: N/A

Van Norman No. 22-L Universal Milling Machine, 10” x 46” slotted table, power knee

Rockwell Delta 17” Floor Type Drill Press, Rockwell drill point pressure attachment, power feed, 19” x 16” table, 1HP motor, 115 / 230v, 1-phase, 60Hz

Walker Turner 15” Floor Type Drill Press, 12” x 14” table, 1HP DC motor, Renta power multi-drive DC speed controller, 120v, 1-phase, 60Hz

Royersford Mdl. Excelsior 21” Floor Type Drill Press, 18” diameter table, belt step drive

Craftsman Mdl. 150 15” Floor Type Drill Press, 10” x 10” table, 1/2HP 115v motor

Rockwell 13” Bench Type Drill Press, S/N: L26-4463

Sterling Mdl. D5 Drill Point Grinder, 6” wheel, S/N: D62097DB

J-Line Mdl. JM-8 Shaper, S/N: 360

WELDERS
Miller Syncrowave 350 CC AC/DC Welding Power Supply, 300-amp, Bernard chiller, tig leads, water cooled torch, S/N: KB141660

Miller Syncrowave 250 DX CC AC/DC Welding Power Supply, 200-amp, digital, Miller tig runner, chiller, tig leads, water cooled torch, S/N: LC304077

Miller Syncrowave 250 CC AC/DC Welding Power Supply, 200-amp, Bernard chiller, tig leads, water cooled torch

Miller Mdl. 320A 1BP AC/DC Welding Power Supply, 200-amp, S/N: 71-603227

Miller Millermatic 250 200-Amp DC Mig Welder, S/N: KD475802

Miller Millermatic 200 200-Amp DC Mig Welder, S/N: JJ470010

Westinghouse 450-Amp DC Welding Power Supply

Airco AC/DC Heliwelder 250-Amp AC/DC Welding Power Supply, Bernard chiller, tig leads

Airco 200-Amp DC Stick Welding Power Supply, leads

Westinghouse Type RS CV Welding Power Supply, West-Ing-Arc wire feed

Alphil Mdl. F-12 50-KVA Rocker Arm Type Spot Welder, 28” throat depth, Bernard Mdl. 400 water circulator, S/N: 1432

Burco Koco KST6 Stud Welder, ¼” capacity, ESP9 50F17 stud gun

Hypertherm Max 70 Plasma Cutter, 70-amp, hand torch, 208 / 240v, 1-phase, 60Hz, S/N: MX70-000797

AIR COMPRESSORS
Quincy Mdl. FE5120 25HP 2-Stage Reciprocating Horizontal Tank Mounted Air Compressor, S/N: 5035319

Approximately 10HP Single Stage Reciprocating Horizontal Tank Mounted Air Compressor

Approximately 5HP Single Stage Reciprocating Horizontal Tank Mounted Air Compressor

MATERIAL HANDLING
Yale Mdl. GP-030-UAT-073-P 2800# Capacity Forklift Truck, propane operated, 3-stage mast, 156” reach, solid tires, S/N: M224807 16’ Long x 80” Wide Dual Axle Tag-Along Trailer, ball hitch

MISCELLANEOUS MACHINERY
Hydraulic H-Frame Shop Press, 32” between uprights, hydraulic power supply

Beverly Mdl. B-3 Throatless Shear

Rampe Motorized Finishing Barrel

Bishmon Tire Changer

Dayton Mdl. 12853 1HP 8” Double End Pedestal Grinder

Dayton Mdl. 1Z707 3/4HP 6” Double End Pedestal Grinder

Stanley Mdl. 286E 1/3HP 6” Double End Pedestal Grinder

P.K. Lindsay Portable Sand Blast Pot

Dake No. 1-1/2 Bench Type Arbor Press

Karcher HDS600Ci Electric Fired Pressure Washer

MATERIAL
Including: steel angle, flats, rounds, square bar, square tube, round tube, rectangle tube, stainless flats, assorted stainless & carbon steel sheet, assorted cut-offs & scrap

MISCELLANEOUS SHOP SUPPORT
Including: Budgit 1 ton capacity hoist, Aloris tool post, 8” 3-jaw chuck, assorted drills, reamers, taps, end mills, collets, geometric die heads, milling cutters, Wilton 4-1/2” bench vise, portable balance scale, drill grinder, assorted steel benches, steel welding benches, aluminum ladders, Dayton 125,000 BTU portable oil fired heater, hand trucks, barrel carts, steel shelving, assorted stock stands, car ramps, jacks, assorted length brake dies & punches, angle shear attachment, assorted size turret punches & dies, steel carts, welding clamps, die lift tables, saw horses, assorted hand & power tools, torch cart, battery charger, welding supplies, etc.