AUCTION TERMS & CONDITIONS

JUNE 16, 2026 – MACHESNEY PARK, IL

INDUSTRIAL, WAREHOUSE, SHOP & OFFICE EQUIPMENT AUCTION

Welcome to Beloit Auction Service, Inc. All items in this auction are located at:

1211 Anvil Road, Machesney Park, Illinois 61115

By registering, bidding, or participating in this auction, you agree to the following Terms & Conditions.

(1.) Bidder Registration

All bidders must register and be approved prior to bidding. Auctioneer reserves the right to deny, suspend, or revoke bidding privileges at its sole discretion. All bids are irrevocable and binding.

(2.) Account Responsibility

Bidders are solely responsible for all activity under their bidding account, including username and password security.

(3.) Auctioneer’s Discretion

Auctioneer reserves the right to reject bids, modify increments, group or divide lots, withdraw lots, reopen bidding, resolve disputes, or cancel any sale. Auctioneer’s records and decisions shall be final.

(4.) Property Condition

All property sells AS IS, WHERE IS, WITH ALL FAULTS. No warranties or guarantees of any kind are made by Seller or Auctioneer, express or implied, including merchantability or fitness for purpose.

Descriptions, photos, dimensions, counts, references, measurements, and quantities are approximate, believed accurate, but not guaranteed. Buyers must independently inspect and verify property prior to bidding.

(5.) Preview / Inspection

In-Person Previews

• Saturday, June 13, 2026 | 10:00 AM – 11:00 AM
• Tuesday, June 16, 2026 | 10:00 AM – 11:00 AM

Preview Location

1211 Anvil Road, Machesney Park, Illinois 61115

Inspection is strongly encouraged. Failure to inspect does not relieve buyer obligations.

(6.) Buyer’s Premium

A 16% Buyer’s Premium will be added to the final bid price of each lot.

(7.) Payment Terms

Payment is due in full before pickup. No property may be removed until paid in full with cleared funds.

No payments will be accepted at the auction pickup site.

Accepted Payment Methods

• Cash
• Wire Transfer
• Credit Cards on invoices totaling less than $400

Not Accepted

• Checks
• ACH

Credit card payments are limited to invoices totaling less than $400. Beloit Auction Service, Inc. reserves the right to require wire transfer or cash payment at its discretion.

Wire transfers must be initiated promptly and must fully clear prior to release of property. Buyers are responsible for any wire fees.

Cash payments must be made during business hours at:

Beloit Auction Service, Inc.
534 W. Grand Avenue
Beloit, WI 53511

(8.) Sales Tax

Applicable sales tax will be collected unless a valid exemption certificate is submitted and approved prior to invoice payment. No retroactive refunds will be issued.

(9.) No Chargebacks / Payment Reversal

Any attempted credit card chargeback, wire reversal, payment dispute, fraud, or unauthorized recall of funds shall constitute buyer default and subject buyer to damages, collection costs, attorney fees, and other legal remedies.

(10.) Auction Closing

The auction begins closing Tuesday, June 16, 2026 at 7:07 PM Central Time using staggered closing with extended bidding.

(11.) Extended Bidding / Soft Close

If a bid is placed within the final 90 seconds of a lot closing, that lot will automatically extend by 90 seconds until no further bids are received.

(12.) Pickup Dates / Removal Schedule

Pickup Dates

• Thursday, June 18, 2026 | 10:00 AM – 3:00 PM
• Friday, June 19, 2026 | 10:00 AM – 3:00 PM
• Saturday, June 20, 2026 | 10:00 AM – 1:00 PM

Pickup Location

1211 Anvil Road, Machesney Park, Illinois 61115

Do NOT bid if you cannot make these pickup times. Buyers must follow all traffic, parking, loading, and removal instructions.

(13.) Removal Requirements

Buyers must bring their own labor, moving help, tools, dollies, carts, pallet jacks, packing materials, and proper vehicles/tie-downs.

Auction staff do not dismantle, package, move, or load purchases. Buyer assumes all risk during removal and is liable for injury or property damage caused by themselves, helpers, contractors, or vehicles.

(14.) Industrial Equipment / Shelving / Fixture Removal

Any buyer removing industrial equipment, shelving, pallet racking, lockers, counters, workstations, mounted equipment, or similar items must do so safely and without damage to walls, floors, ceilings, utilities, loading docks, parking areas, or adjacent property. Buyer shall be responsible for all damage caused during removal.

(15.) Forklift / Large Equipment Removal

Buyers purchasing the Clark forklift, water jet, cranes, or other large equipment must make safe and appropriate removal arrangements (see lot description for specific details). Buyer is solely responsible for loading, transportation, permits, equipment, tie-downs, and compliance with all applicable safety and transportation requirements.

(16.) Abandonment / Forfeiture

Any property not removed by Saturday, June 20, 2026 at 1:00 PM shall be deemed abandoned without refund. Buyer shall also be responsible for a $35 per lot disposal/handling fee for unremoved property.

Auctioneer may resell, dispose of, or remove abandoned property.

(17.) Default

If Buyer fails to pay, remove items, or otherwise breaches these terms, Auctioneer may cancel the sale, retain deposits/payments, resell items, suspend bidder accounts, pursue damages, and recover attorney fees, labor costs, storage costs, and resale losses.

(18.) No Returns / No Refunds

All sales are final. No returns, exchanges, credits, or refunds for any reason.

(19.) No Shipping

No shipping is available for this auction.

(20.) Communications

By registering, bidder agrees Auctioneer may contact bidder by email, phone, or text regarding invoices, pickup, auction matters, or account issues. Marketing emails may be unsubscribed from; transactional notices may still be sent.

(21.) Theft & Tampering

Anyone caught tampering with merchandise, altering tags or labels, or removing unpaid items may be removed from the premises and prosecuted.

(22.) Legal Contract

At the closing of each lot, a legally binding contract of sale is created between Buyer and Seller.

(23.) Auctioneer & Staff Bidding

Auctioneer staff may bid on and purchase merchandise.

(24.) Force Majeure

Auctioneer is not liable for delays or inability to perform caused by events beyond reasonable control, including weather, fire, internet outages, labor disruptions, or governmental action.

(25.) Age Requirement

Bidders must be at least 18 years old to register.

(26.) Media Use

Auctioneer may photograph or video record the auction premises, merchandise, preview, pickup activities, and attendees for advertising, promotional, documentation, security, or business purposes. Participation constitutes consent to such use without compensation.

(27.) Industrial / Warehouse Safety

This is an active industrial and warehouse environment. Floors may be uneven, dusty, wet, slippery, obstructed, or contain industrial hazards. Buyers enter the premises at their own risk. Children should not accompany buyers during preview or removal.

(28.) Premises Liability Waiver

Buyer releases Seller, property owner, and Beloit Auction Service, Inc. from claims for injury, loss, theft, accident, or damage arising from preview, pickup, loading, or removal activities.

(29.) Technology Disclaimer

Auctioneer is not responsible for internet outages, delayed bids, software errors, or technical malfunctions. Auctioneer may reopen, extend, or void affected lots.

(30.) Lot Withdrawal

Auctioneer or Seller may add, delete, combine, divide, or withdraw lots at any time before or during the auction.

(31.) Title Transfer

Ownership transfers only after full payment is received and accepted.

(32.) Buyer Responsibility

Buyers are responsible for determining suitability, dimensions, compatibility, functionality, condition, and intended use of all purchased items.

(33.) Indemnification

Buyer agrees to defend, indemnify, and hold harmless Beloit Auction Service, Inc., Seller, property owner, and affiliates from any claims arising out of participation, removal, transport, ownership, or use of purchased property.

(34.) Governing Law & Venue

These Terms & Conditions are governed by Wisconsin law. Exclusive venue for any dispute shall be Rock County, Wisconsin.

(35.) Limitation of Liability

If Auctioneer is found liable for any claim, liability shall be limited to the purchase price actually paid for the disputed lot. No consequential, incidental, or punitive damages shall be recoverable.

(36.) Severability

If any provision is deemed unenforceable, remaining provisions remain in full force and effect.

(37.) Acceptance of Terms

By registering, bidding, paying, or removing property, bidder acknowledges having read, understood, and accepted these Terms & Conditions in full.

AUCTION CONDUCTED BY

Beloit Auction Service, Inc.
534 W. Grand Avenue
Beloit, WI 53511
608.364.1965