Chrysler LLC - Toledo Engine Plant

1. ALL ITEMS ARE SOLD AS IS, WHERE IS AND WITH ALL FAULTS. NEITHER SELLER NOR GOINDUSTRY DOVEBID MAKES ANY WARRANTY, EXPRESS OR IMPLIED, AS TO THE NATURE, QUALITY, VALUE OR CONDITION OF ANY ASSET. DOVEBID AND SELLER EXPRESSLY DISCLAIM ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT. Assets are intended to be sold without software, if any is applicable. In the event that a Seller's software is included in an asset sale, notwithstanding the disclaimers set forth above, DoveBid makes no representations or warranties regarding the Buyer's right to use such software, as to the performance of the software, its non-infringement or otherwise. In such circumstances, DoveBid recommends that Buyer contact the software manufacturer directly to resolve any such issues. 

2. GoIndustry DoveBid relies on information about assets in the auction provided by the seller. DoveBid undertakes no investigation of that information, and makes no representation or warranty concerning the truth or completeness of that information. 

3. A discounted buyer's premium of 15% of the bid price will be added to the purchase price for each lot for buyers who pay in the form of cash, cashier's check, company check (with a letter of guarantee) or wire transfer; the full buyer's premium of 17% shall apply for buyers who pay via credit card. 

4. Collection of applicable taxes will be in accordance with the laws of the state where the assets are located. 

5. Full payment of the balance of the purchase price is due prior to removal of any purchased assets. In the event that a purchaser fails to pay the entire purchase price (in addition to the buyer's premium and any applicable tax) within the time specified by GoIndustry DoveBid or otherwise fails to comply with these Terms and Conditions, DoveBid and the seller will retain the deposit as liquidated damages without notice. DoveBid and the seller reserve the right to resell such items without notice, and the defaulting purchaser shall be liable to DoveBid and seller for any resulting deficiency, including costs incurred in storing and reselling such assets. 

6. GoIndustry DoveBid and the seller assume no responsibility for, and make no representations or warranties concerning, descriptions of assets contained in marketing materials for the auction. It is the bidders' obligation to verify such descriptions prior to the auction. 

7. Neither GoIndustry DoveBid nor seller shall be liable for any damages of any type or nature (whether in contract, tort or otherwise) sustained or claimed by purchaser or any other person or entity in connection with the sale of assets hereunder. Without limiting the foregoing, in no event shall DoveBid's liability to any purchaser for any act or omission occurring in connection with the sale, including but not limited to DoveBid's inability to deliver possession of purchased items for any reason, exceed the amount that such purchaser has actually paid to DoveBid as a deposit or as payment for a purchased item. 

8. GoIndustry DoveBid shall have no responsibility to disconnect utilities to the sold asset, including electric, gas, waste and water lines. It is the purchaser's sole responsibility to arrange and pay for the removal and shipment of purchased items. Also, it is the purchaser's responsibility to provide, and/or ensure their agent(s) performing removals on their behalf provide, upon demand, evidence of the following insurance policies with reliable insurance companies, and in the following amounts: $2,000,000 combined single limit, $1,000,000 property damage and $1,000,000 comprehensive general liability with contractual liability in the case of all riggers; and $500,000 cargo and $1,000,000 comprehensive general liability in the case of carriers; and such other insurance as may be required by any governmental authority, including workers' compensation insurance. Removal shall be conducted responsibly and with due care for the seller's premises. The purchaser shall restore and repair all real and personal property that is altered or damaged as a result of the removal of purchased items. If the purchaser does not remove an item within the announced check-out period, DoveBid and the seller may, in their sole discretion, deem the item to have been abandoned by the purchaser and the purchaser will have no further rights with respect to the item. Notwithstanding the foregoing, DoveBid and the seller reserve the right to charge the purchaser for the costs of storage beyond the check-out period. 

9. Purchaser acknowledges that Seller's facility is a potentially dangerous place. Flammable, noxious, corrosive and pressurized substances may be present. Heavy equipment may be operated, and electrical circuits may be live. Every person enters the site at his or her own risk with notice of the condition of the premises and the activities that will be or have been conducted on the premises. Purchaser shall so advise their agents and employees. No person shall have any claim against GoIndustry DoveBid, the seller or their respective agents or employees for any injuries sustained or for damages to or loss of property that may occur at the site. 

10. It is the purchaser's sole responsibility to meet all governmental safety and environmental standards in removing, shipping and using purchased items. Certain of the items for sale may contain "hazardous substances," as that term is defined under federal, state or local environment laws and regulations. GoIndustry DoveBid has no duty to remove any hazardous substances that are contained in or are a part of any item. Purchasers agree to defend (by counsel satisfactory to DoveBid) and indemnify DoveBid and hold DoveBid harmless from and against any claim, demand, cause of action, liability or expense (including attorneys' fees and costs) asserted against or incurred by DoveBid in connection with the sale, removal, shipment or use of any purchased items. 

11. Purchasers agree to comply with all US export control and related laws, and acknowledge that GoIndustry DoveBid is not the exporter of any purchased item. Certain items offered for sale may constitute "Restricted Technology." Under federal law, such items may not be shipped outside of the United States. DoveBid makes no representation or warranty concerning, and has conducted no investigation to ascertain which items, if any, constitute Restricted Technology. Seller reserves the right to cancel any sale at any time in the event it determines, in its sole discretion, that the sale does or may violate applicable U.S. export control or similar laws. 

12. These Terms and Conditions, and all questions with respect to the interpretation of these Terms and Conditions, shall be governed by and construed in accordance with the internal laws of the State of Maryland, without regard to conflict of laws provisions. All bidders expressly consent to personal and exclusive jurisdiction in the courts of the State of Maryland located in Baltimore County.