Bidder Agreement Provisions

1. Acknowledgements, representations, warranties and agreements of individual identified on the reverse side of this document, hereby referred to as (Bidder) and Russo and Steele L.L.C. (RS)

A. Bidder hereby represents, warrants, and covenants that as a condition precedent to Bidder's participation in the auction, and prior to making any bid on any Vehicle, Bidder, or Bidder's qualified representative shall, inspect and examine all Vehicles upon which Bidder may make any bid, to the extent Bidder believes necessary, in Bidder's sole discretion, sufficient to verify or discover all facts material to a purchase of any such Vehicle. Further, the amount offered by Bidder to purchase any Vehicle shall be determined solely by Bidder's inspection of the Vehicle, or that of Bidder's authorized and qualified independent agent, and shall in no manner whatever be based on or in reliance upon any representation by RS, or any person affiliated with RS, or assumption based on the reputation or knowledge of RS. In addition, Bidder represents, warrants, and covenants that no bid on any Vehicle shall be made by Bidder without a prior examination of the Vehicle to such degree as Bidder, in its sole and absolute discretion, believes sufficient for Bidder's purposes, which purposes are known only to Bidder. Bidder hereby accepts and assumes all risks with respect to any damage, defect, fault, or nonconformity of any Vehicle, whether obvious, hidden, or intentionally concealed. Bidder hereby acknowledges, represents, and agrees that Bidder has no right to rely and will not rely on any statement, representation, reputation, or knowledge made by or thought to be possessed by RS or any person affiliated with RS; including, but not limited to, representations or knowledge with respect to any fact or factor affecting or concerning any Vehicle such as: condition, make, year, model, mileage, authenticity, equipment, originality, provenance, use, restoration, ownership or manufacture.

B. Bidder acknowledges, understands, and agrees that each Vehicle is described and catalogued using facts and figures provided by the owner of the Vehicle, or its authorized representative. RS makes, and assumes no duty to undertake, any independent investigation or verification of such facts and figures. Each Vehicle is sold "AS IS - WHERE IS," and without recourse. RS will issue no refund or credit in any event.

C. Bidder acknowledges, understands, and agrees that: (i) RS offers each Vehicle for sale by auction on consignment from the owner of the Vehicle; (ii) RS is the exclusive agent of the owner; (iii) All Vehicles are offered "AS IS, WHERE IS;" (iv) most of the Vehicles are not new; (v) Certain defects and faults in the condition of the Vehicles are to be expected, some of which are not readily ascertainable by inspection, and for none of which may RS be held responsible; (vi) RS does not inspect the Vehicles and offers no warranty of any kind or description with respect to the Vehicles; (vii) All descriptions, opinions of value, statements of condition, statements of provenance, and documents of title are provided by the owner of the Vehicle, are not independently verified by RS, and RS may not be held liable or responsible for same (viii) RS makes no representation and expresses no opinion with respect to any Vehicle; (ix) RS undertakes no duty to inspect any Vehicle or document of title for any reason; including, but not limited to defects, faults, or determination or estimate of value; (x) RS expresses no opinion with respect to and undertakes no duty to investigate or inspect the provenance of any vehicle.

D. Bidder hereby acknowledges that RS has a duty to Bidder only to the extent of release of the Vehicle upon performance by Bidder of the duties prerequisite or precedent to such delivery under the terms of this Agreement.

E. Except as specifically provided herein, Bidder hereby indemnifies, releases, waives, and holds harmless RS from and against any liability, claim, demand, responsibility or duty of any kind with respect to the Vehicle, Bidder's purchase of the Vehicle or participation in the auction as a bidder on or potential buyer of any Vehicle; including, but not limited to, claims of negligence and negligent misrepresentation or breach of warranty. Notwithstanding the foregoing, RS's obligation to deliver the Vehicle, as set forth immediately above, is not subject to this provision. Bidder specifically agrees not to serve or join RS as a party to any litigation involving, directly or indirectly, the condition of any Vehicle or its documents of title, any representation with respect to any Vehicle or its provenance, or any event or occurrence other than RS's alleged failure to deliver a Vehicle according to the terms hereof. Bidder specifically acknowledges that all issues, other than delivery of a Vehicle, with respect to any Vehicle offered for sale by auction hereunder, are the sole responsibility of the owner of the Vehicle.

2. Disclaimer:

A. All statements or descriptions of any Vehicle offered for sale by auction hereunder, whether written or oral, and whether relating to the condition of any Vehicle, its history, use, identity, origin, or otherwise, are provided for purposes of identification only, and are not intended to be relied upon for any purpose, but specifically including value. All such descriptions and statements have been provided to RS by the owner of the Vehicle in question and RS has not and undertakes no duty to independently investigate or verify the veracity of any such description or statement.

B. RS makes, and no agent, employee or representative of RS is authorized to make, any representation, statement, guaranty of value, or offer any opinion with respect to any fact or factor with respect to any Vehicle. RS is the disclosed agent of the owner of the Vehicle and all information provided with respect to any Vehicle is provided by the owner. RS has not, and assumes no duty to, independently investigate or verify any information provided by the owner of the Vehicle.

C. RS hereby expressly disclaims any and all warranties, express or implied, with respect to all Vehicles offered for sale by auction; including, but not limited to the warranty of merchantability or fitness for a particular purpose.

D. All Vehicles are offered with reserve, unless specifically otherwise designated as "without reserve, as set forth in ARS