THIS IS AN ONLINE ONLY AUCTION

A. Please read the terms carefully as
they are a legal binding contract between you and Wears Auctioneering Inc.

B. Payment for all purchases is due immediately at the conclusion of
the auction. Wears Auctioneering will charge Purchase price, BuyerÂ’s Premium charges
and any applicable handling fees to the credit card that you submit at time of
registration. If the charges are declined by the credit card processor a
Non-sufficient Funds charge of $25.00 will be assessed to the buyer. The buyer will
immediately be notified of NSF transaction through e-mail and be given 24 hours to
contact Wears Auctioneering with an alternative payment method. Please check to
ensure your account accepts email from Wears Auctioneering.

C. If
purchases are not settled within 24 hours of the close of the auction, they are
considered in default. Upon default, the Bidder will be black listed on Wears
Auctioneering Inc. as well as MarkNet auctions.

D. Any item(s)
remaining after designated pick up time are considered forfeited and ownership will
revert back to seller. No refunds will be given.

E. Any item(s) Wears
Auctioneering Inc. hauls from sale site are subject to a $20.00+ per item hauling
fee. Anyone who does not pick up their item(s) at the specified pick-up time is
subject to a $20 convenience fee.

F. Due diligence is the
responsibility of the Bidder/Buyer. All sales are final. No credit card charge backs
will be allowed. Items may only be removed upon receipt of payment in full. Buyers
assume complete responsibility for care of each purchase at time of sale. We reserve
the right to refuse service to anyone. All statements made prior to the sale of any
item take precedence over written material and any prior verbal statements. The
auction company is not responsible for accidents, thefts, errors or
omissions.

G. The auctioneer reserves the right to add or remove items
from the auction; split or combine lots; add minimum bids or reserve prices. The
auctioneer reserves the right to cancel, suspend, extend or reschedule an individual
item and or auction event or to make changes to the auction closing times or
inspection or removal times.

H. BUYERS PREMIUM: A 10% buyerÂ’s premium
will be added to each purchase. For example, if you bid $100.00, at checkout you will
be charged $110.00.

I. PARTICIPATION REQUIREMENTS: Valid
credit card required for bidding approval. We will accept Visa, MasterCard, and
Discover.

J. PAYMENT: All accounts MUST be settled at the conclusion
of the auction. We accept Visa, MasterCard, and Discover. Payment must be made prior
to Pick-up. Paid in full invoice must be presented by buyer or assigned
representative prior to loading items. The credit card used at time of registration
will be charged for your purchase(s), plus buyerÂ’s premium(s), and per item handling
fee. If invoice is not paid within 24 hours of conclusion of auction. Each
transaction necessary to collect insufficient funds will have a $25.00 fee imposed.

ALL INVOICES OVER $1500 WILL REQUIRE WIRE TRANSFER/CERTIFIED FUNDS
UNLESS OTHERWISE ARRANGED WITH AUCTION COMPANY PRIOR TO CLOSE OF
SALE.

K. CURRENCY TYPE: USD

L. PAYMENT INSTRUCTIONS:
Visa, MasterCard, Discover. You will receive an invoice after the auction ends with
confirmation of items won with the purchase total and applicable fees. You MUST bring
your paid in full invoice with you to claim your items. Your credit card will be
charged for your purchase(s). ALL INVOICES OVER $1500 WILL REQUIRE WIRE
TRANSFER/CERTIFIED FUNDS UNLESS OTHERWISE ARRANGED WITH AUCTION COMPANY PRIOR TO
CLOSE OF SALE.

M. AUCTION CLOSING: The bidding on this Auction will
begin to close on Thursday, July 13th @ 12:45PM CST.

We are using a staggered ending for this auction - 50 lots will close every 10 minutes beginning at 12:45

To know what exact time a lot is scheduled to close, look at the bidding countdown in the lot view. It will show down to the second, how much time is remaining for each item.

Since there is a large number of lots in this auction, this feature allows bidders more time to view like items later in the catalog since they aren't all closing at one time.

This will not effect the extending bidding feature, those items with bids in the last 5 minutes will still extend 5 minutes as always.

This auction features EXTENDED BIDDING!
This feature extends the bidding on a lot for FIVE minutes past the closing time, if
a bid has been placed on that lot within the last FIFTEEN minutes of the auction. It
will remain open until there are no bids on that lot during the extended time period.
This only affects lots with last minute bids. Any lot not bid on in the last fifteen
minutes will close as scheduled. An example would be if you were participating in an
Online Auction that closed at 6:00 PM and you placed your bid at 5:55 p.m. That lot
would be extended until 6:05 p.m. and would keep extending FIVE minutes after each
new bid is placed. It will stop extending when no bid had been placed during the
extended time period. This auction also features MAXIMUM BIDDING. When you place your
MAX BID, the current bid price does not automatically go to your max bid. Someone
else has to bid to increase the current price and the computer will automatically bid
up to your max in the increments specified. If someone has already entered a MAX BID
on an item you are bidding on, the system will automatically bid for you until you
are the current high Bidder or you reach your MAX BID. If you have reached your MAX
BID and are still not the current high Bidder, the system will give you the
opportunity to enter another MAX BID. You may request out bid notices when
registering for your online bidding account. You can choose to have them sent to your
email, cell phone via text message or both. If you are not able to be around a
computer/mobile device during the closing of the auction or receive and/or read your
outbid notices, we HIGHLY RECOMMEND you enter your MAX BID when bidding. Your MAX BID
would be considered the maximum amount you are willing to pay for your item. Please
remember, you can always raise your max bid, but you CANNOT lower it. Be aware of
this while bidding. If you have any questions please call us at
319-624-3779.

N. PICK-UP/LOAD OUT: Winning Bidders can pick their
items up in Coralville, Iowa on Thursday, July 20th and Friday, July 21st between
the hours of 11:00 AM and 5:00 PM. The exact address of pick-up location will be
relayed to winning bidders via email with paid invoice. ** You must contact our
office if you are a winning bidder and would like us to ship your items! Phone:
319-624-3779 or Email: amanda@wearsauctioneering.com. Shipping will be available at
an additional charge if you are not able to pick up your items in person. *See
Section P. for full Shipping and Handling terms. Any item(s) remaining at the pick-up
location (that have not been prepared for shipping) after July 21st @ 5:00 PM are
considered forfeited and ownership reverts back to the seller. No refunds will be
given. Forfeited items may be sold at the discretion of the
seller.

O. Please bring your own packing materials, moving
equipment, and/or manpower required to remove your items at the specified pick up
time.

P. SHIPPING/HANDLING: Shipping WILL be offered for this
auction. ** You must contact our office if you are a winning bidder and would like us
to ship your items! Phone: 319-624-3779 or Email: amanda@wearsauctioneering.com.
Shipping charges will appear as a separate charge after purchases are packed and
ready for shipping. We will attempt to combine items into as few parcels as
reasonably possible to reduce the shipping costs. We charge what the carrier charges
us without any mark up. All purchases will be shipped to the buyers via USPS or UPS
Ground, depending on size of parcel. Handling will be calculated as 50% of the cost
of Shipping. If we send your purchases in a Flat Rate USPS Box for $6 your handling
will be $3. If it ships UPS for $20 then handling will be $10. Shipping will include
additional insurance if needed to equal the purchase price of the items contained in
shipment.

Q. WARRANTY & CONDITION OF ITEMS SOLD: All items
are sold AS IS, WHERE IS, with NO WARRANTY expressed or implied. It is the
responsibility of the buyer to determine the condition of the items and bid
accordingly. All items must be considered used or previously owned property even if
labeled as new in box. We cannot guarantee the item will be in full retail condition.
Place your bids accordingly and read all descriptions and Terms prior to placing your
bids.

R. CAUTION: For demonstration purposes, various items may be
joined. Do not assume a lot consists of more than one item simply because they are
connected or pictured together. Please inspect the lot numbers and read the
descriptions carefully.

S. CATALOG DISCREPANCIES: You are bidding on
the described item not the photograph, occasionally the wrong photo may be displayed,
always read the item description.

T. CHOOSE WISELY: We want everyone
to get a good deal and most will. However, when you bid on the wrong item or decide
an item is not suited for your intended use, our clients are not willing to assume
the cost of your mistakes. When in doubt about condition, completeness or suitability
for intended use, please bid accordingly.

U. Special Terms of
Sale

1. All property is sold AS-IS Where-Is, and ALL SALES ARE FINAL.
It is the Bidders responsibility to determine condition, age, genuineness, value or
any other determinative factor. Wears Auctioneering Inc. may attempt to describe the
merchandise in advertising and on the Internet, but makes no representations. In no
event shall Wears Auctioneering Inc. be held responsible for having made or implied
any warranty of merchantability or fitness for a particular purpose. Bidder shall be
the sole judge of value. Some items may be listed as NIB/New in Box. Every effort
will be made to ensure that each item stays in the same condition that it was
photographed in. However all property is sold AS-IS, and ALL SALES ARE FINAL.

2. It is the Bidders responsibility to determine condition, age,
genuineness, value or any other determinative factor. Wears Auctioneering Inc. shall
endeavor to describe in detail each item and any pertinent information about it.
Wears Auctioneering Inc. will not be responsible for any errors or omissions in the
description of the merchandise unless it is a material and intentional
misrepresentation of the item itself. Bidder agrees that everything is sold as is and
that they may not return any item they purchase.

3. Wears
Auctioneering Inc. is providing Internet bidding as a service to Bidders. Bidders
acknowledge and understand that this service may or may not function correctly the
day of the auction close. Under no circumstances shall Bidders have any kind of claim
against Wears Auctioneering Inc. or anyone else if the Internet service fails to work
correctly before or during the Online Auction. Wears Auctioneering Inc. will not be
responsible for any missed bids from any source. Internet Bidders who desire to make
certain their bid is acknowledged, should use the max bid feature and leave their
maximum bid 24 hours before the auction. Wears Auctioneering Inc. reserves the right
to withdraw or re-catalog items in this auction.

4. The Bidder is
responsible for knowing which item is being bid on. If the Bidder is unsure, they
should inquire or not bid. When becoming the winning Bidder at auction, you have
affected a contract and will be expected to pay for items in which you were evidenced
to be the successful Bidder. Auctioneer will not honor a mistake.

5.
The Auctioneer reserves the right to accept bids in any increment he feels is in the
best interest of his client, the Seller. The Auctioneer reserves the right to reject
the bidding of any person whose conduct, actions, or adverse comments he feels is not
in the best interest of the Seller.

6. Purchaser does hereby indemnify
and hold harmless Auctioneer and Seller from any and all damages, claims or
liabilities from injuries to persons or property of any type whatsoever caused during
the sale or by the removal of items purchased. Purchaser assumes all risk and
liability whatsoever resulting from the use of the item(s) sold hereunder; and shall
defend, indemnify, and hold harmless Auctioneer and Seller from any liability.

7. If the foregoing conditions or any other applicable conditions are
not complied with, in addition to other remedies available to Auctioneer and Seller
by law, including without limitation, the right to hold the purchaser liable for the
bid price, the Auctioneer, at their option may (1) resell the property publicly or
privately, with purchaser being liable for the payment of any deficiency plus all
costs incurred, or (2) cancel the sale, retaining liquidated damages on all payments
made by purchaser, Auctioneer commission and all other incidental damages will be
charged.

8. Information in brochures, catalogs and other
advertisements are from sources believed to be reliable; however prospective
purchasers are urged to inspect the inventory or property to satisfy themselves as to
condition, model, manufacturer, year, features, mileage, survey, acres, etc. Neither
the Auctioneer nor our client make any guarantees and are not responsible for listing
or advertising inaccuracies or discrepancies.

Trails End Bike Shop Online Auction 17-0713.OL