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TERMS & CONDITIONS OF PUBLIC AUCTION 08-61,RESTAURANT & LOUNGE EQUIPMENTRE: HADDOCK JACKS, 924 POST RD., US RT 1, WELLS, ME.

TUESDAY, MARCH 25, 2008 AT 10AM

TERMS: Cash, or your good check, out-of-state checks will require a Bank letter of guarantee. 10% Buyer's PremiumPlease make all checks payable to Keenan Auction Company. Complete payment due day of sale. No exceptions.

Bidding and acknowledgment will be by number only. Please register with the Clerk. Once you become a winning biddertitle passes (UCC) and you are responsible for your own merchandise. Please watch your merchandise after you havebecome the winning bidder. Auctioneer & Seller are not responsible for lost or stolen items.

SALES TAX: 5% Maine sales tax on all items. Dealers or exempt agencies must provide us with a copy of their annua

resale certificate with the clerk at time of registration. Out-of-state residents are subject to Maine sales tax.

REMOVAL OF MERCHANDISE: Items may not be removed until completion of sale and after complete payment has beenmade. Complete payment must be received today. Removal is day of sale until 4PM and from 8AM to 4PM on March 26th.

DISCONNECTS: Purchaser is responsible for disconnecting any electrical, water, gas, fire protection systems, remoterefrigeration lines and removal of refrigerants for items purchased. All disconnects are to be performed within theguidelines of industry-accepted standards and are to be performed by a qualified person. Any recovery process forrefrigerants will be conducted in observance of current guidelines, statues, laws, and policies of the federal, state, andlocal agencies and/or other governing parties.

WARRANTIES: While descriptions are believed to be correct, the Auctioneer and the Seller make no warranties oguarantees, expressed or implied as to the genuineness, authenticity of, or defects in any lot, and will not be heldresponsible for advertising discrepancies or inaccuracies. Purchaser acknowledges that purchaser has had the opportunity

to inspect the lots and that everything is sold on an "AS IS", "WHERE IS" basis except as expressly made in writing. Nowarranties are made as to the merchantability of any item or their fitness for any purpose.

Auctioneer and Seller do not guarantee the accuracy or completeness of the information contained in this catalogPurchasers should verify and inspect desired items prior to bidding.

Purchaser does hereby indemnify and hold harmless Auctioneer and Seller from any and all damages and claims of anytype whatsoever, caused during the sale or arising out of the sale, or by the removal of the items purchased. Purchasers wilbe held responsible for any damage they may create to the property, other items at the sale, or parties during the removaprocess.

If any dispute arises between two or more bidders, the Auctioneer at his sole option may put up the lot again for sale at onceand resell to the highest bidder.

The Auctioneer reserves the right to bid and to reject any and all bids including any bid, which is only a fractional advanceover the preceding bid. The Auctioneer reserves the right to group one or more lots into one or more selling lots and to addto or delete from lots at Auctioneer's sole discretion. Absentee bids will be accepted with proper completion of bid form. Albids subject to confirmation of seller.

In the event the Purchaser fails to pay the whole of the purchase price within the time set forth by the Seller, and/or fails tocomply with any of the Terms and Conditions of Sale, the Seller may retain and/or recover the deposit specified asliquidated damages, and in addition thereto, can be resold at public or private sale without further notice. Any deficiencyresulting from such resale shall be paid to the Seller by such resale and enforcement of the obligation there under. Buyeragrees to pay any and all charges and expenses incurred by reason of any breach of the Terms and Conditions of Saleincluding without limitation reasonable attorney's fees.

PLEASE NOTE: You have signed a written binding contract agreeing to the Terms and Conditions of Sale, and understand

that any bid you make falls under the Maine Auction Law, Title II, Section 2-328 of the Uniform Commercial Code, and theStatute of Frauds. Maine auctions are under the jurisdiction of the State of Maine Department of Professional and FinancialRegulations, Board of Licensure of Auctioneers, 35 State House Station, Augusta, Maine, 04330. If you do not agree withthe Terms and Conditions of the Sale, please return your bidding card to the clerk.

AUCTIONEERS - APPRAISERSONE RUNWAY RD.SO. PORTLAND, MAINE 04106TEL (207) 885-5100FAX (207)885-5877ME.AUCT. LIC. #236ME. R.E. LIC. #2175Email: info@keenanauction.com

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