1. TERMS & CONDITIONS OF SALE. The following conditions of sale make up the entire terms and conditions on which items listed in Deanco Auction & Real Estate Co., Inc. (known hereafter as “DARE”) catalog, on the internet web site and addendum sheets will be offered for sale or sold by DARE. All bidders who participate by bidding in this auction agree to the terms and conditions of sale and agree to be bound by same. Any notices, posted or oral, during the sale, are also part of our terms and conditions of sale agreement. Acceptance of a bidder card or a bidder number constitutes acceptance of the following terms and conditions of sale. The purchaser’s rights and DARE’s respective rights and obligations hereunder are governed by Alabama law. By bidding at DARE’s auction, whether in person or by agent, absentee bid, telephone bid, via the internet or other means, the purchaser or bidder agrees that the contract created by these terms and conditions of sale is made and performed in the County Houston, Alabama and further agrees that should any dispute arise from this contract the sole and exclusive jurisdiction for contractual disputes is Houston Co, Alabama. THE AUCTIONEER IS NOT RESPONSIBLE FOR ANY ERRORS OF THE PURCHASER INCLUDING BUT NOT LIMITED TO THE PURCHASER BIDDING ON THE WRONG LOT. 2. BUYER’S PREMIUM AND FEES. All bid prices “hammer prices” (“hammer prices” mean the price at which a lot is knocked down to the purchaser) will be subject to a buyer’s premium of 20% payable by the purchaser. This is not an aggregate percentage on the total items bid, but rather a per item percentage rate. All purchases made by credit card are subject to an additional 3.5% service fee. 3. SALES TAX. DARE is located in Alabama. A Marketplace Facilitator is a business that contracts with sellers to facilitate the sale of tangible goods and administers all aspects of the transaction. If the item is picked-up from the DARE facility sales tax of 9% will be collected. Generally, all items included on the invoice are taxable. To establish a tax free sale, a copy of a valid reseller’s permit or other instrument or information establishing a sales tax exemption, as required by the applicable state, must be provided to DARE’s satisfaction. Please refer to our website, deancoauction.com, for additional information regarding resale certificates. Any purchaser claiming a sales tax exemption yet unable to provide satisfactory proof to DARE at the time of payment will be required to pay the applicable tax to DARE and thereafter seek a refund from the applicable state. Buyer agrees to pay DARE the actual amount of tax due if the incorrect amount of sales tax was collected at the time of purchase for any reason. 4. METHOD OF PAYMENT. Auction sales are strictly for cash, cashier’s check, personal checks (with prior approval of DARE’s management), MasterCard, Visa or ACH Wire. NOTE TO FOREIGN BUYERS: Method of payment will be U.S. currency, certified check drawn on an American bank or wire transfer. 5. TERMS OF PAYMENT. At the announcement of “SOLD”, the highest bidder will have purchased the offered lot. All sales are final at the fall of the Auctioneer’s hammer or at the announcement of “SOLD”. The purchase is subject to all the terms and conditions set forth herein. The purchaser assumes full responsibility thereof and if requested will sign a confirmation of the purchase. The purchaser further agrees to pay the Total Amount Due. The Total Amount Due must be paid in full the day of sale if attending in person, otherwise upon receipt of the buyer’s invoice. All property must be removed from DARE’s premises at the purchaser’s expense no later than 5:00 p.m. five days following the date of sale unless otherwise agreed. If the property is not removed within five days following the date of sale, it will be stored at DARE’s facility at a cost of $50 per month. The purchaser will then be unable to pick up the purchased lots until the storage fees are paid to DARE. If the purchased lots are not picked up and storage fees paid to DARE, the items will be sold pursuant to the Alabama Laws. Each purchaser at this auction grants DARE a security interest in the property purchased. Any of the purchaser’s property and all monies held or received by DARE on the purchaser’s behalf will be retained as collateral security for the purchaser’s obligations to DARE. DARE may apply against such obligations monies held or received by DARE for the account of, or owing to, the purchaser. DARE retains all rights of a secured party under the Alabama Commercial Code. Whenever the purchaser pays only a part of the Total Amount Owed for one or more lots purchased, DARE may apply such payments, at DARE’s sole discretion, to the lot or lots DARE chooses. Payment will not be deemed made in full until DARE has collected the Total Amount Due in cash or good funds. DARE has the sole discretion to determine what is considered good funds. In the event Purchaser pays by check and the check is returned due to insufficient funds, stopped payment, closed account, or for any other reason, and Purchaser already has possession of the property, such possession of the property will be deemed theft by deception and/or theft under 18 U.S.C. § 922(u), which may result In penalties of a fine of up to $250,000, imprisonment in federal prison for up to 10 years, or both. In addition to remedies available to DARE and the consignor by law, if the purchaser does not comply with the terms and conditions of sale (this includes but is not limited to payment in full of the Total Amount Due), DARE, at its option, may either: (1) cancel the sale and retain as liquidated damages all payments made by the purchaser; or (2) resell the property either publically or privately, and in such an event the purchaser shall be liable for the payment of the deficiency, plus all costs and expenses of both sales and DARE’s commission for both sales at DARE’s standard rates, as well as any other damages, including but not limited to loss of profits. The purchaser hereby waives any and all notices of disposition of collateral and sale required under the Alabama Commercial Code. The purchaser is also responsible for all other charges due hereunder, in addition to any attorney’s fees incurred by DARE, incidental damages, and any other damages incurred by DARE. 6. INTEREST AND DEFAULT. Payment of the Total Amount Due is due upon receipt of the buyer’s invoice. If the amount noted within the buyer’s invoice is not paid in full within 15 days of the auction, DARE has the right and will charge the purchaser’s credit card of record on file for the total invoice amount. Interest will be charged on all unpaid balances at the rate of 1-1/2% per month (18% APR), or the highest allowable rate under Alabama law, whichever is lower, beginning 15 days after the date of purchase/auction. The purchaser acknowledges that should the purchaser not comply with any of the terms and conditions of sale, including payment of the full amount indicated on the buyer’s invoice, the damages incurred by DARE includes, without limitation, consignor commission, loss of use of money for an indefinite period, costs to relist the item and potential depreciation of the item, and loss arising on the resale of the lot, whether such damages are now known or may become known in the future. Accordingly, in the event the purchaser fails to pay the full amount indicated on the buyer’s invoice within 45 days after the auction, purchaser shall be immediately liable for liquidated damages in an amount equal to 30% of the amount on the buyer’s invoice. These liquidated damages are in addition to the total amount invoiced on the buyer’s invoice and any applicable interest. DARE shall hold any money deposited in partial payment on account of any liability of the defaulted item and will apply it at the sole discretion of DARE to the outstanding debt. 7. WITHDRAWAL. DARE reserves the right to withdraw any property from the auction prior to sale. 8. PROTESTS, DISPUTES AND THE AUCTIONEER. DARE reserves the right to reject a bid from any bidder. The highest bidder, acknowledged by the Auctioneer, will be the purchaser. The Auctioneer shall have sole and final discretion as to the disposition of any dispute including the re-offer and resale of any article in dispute. DARE’s records will be deemed conclusive in all respect in the event there is any dispute after the sale. 9. FAILURE TO DELIVER PURCHASER’S PROPERTY. If DARE is prevented by fire, theft, or any other reason from delivering any property to the purchaser, DARE’s liability shall be limited to the sum actually paid therefore by the purchaser and shall in no event include any incidental or consequential damages. 10. GUARANTEE. All property offered for sale is as is, where is. ALL SALES ARE FINAL. THERE WILL BE NO REFUNDS AND NO EXCHANGES. DARE does not guarantee or make warranties on any lot sold. The bold headline of the description is the only written statement DARE will guarantee as correct. Descriptions in the catalog are opinion. They are written as an aid to potential bidders. DARE acknowledges that there may be errors in what is written beyond the bold headline description. DARE recommends that you personally view any item you bid on or have an acknowledged expert view the item. Statements starting with the word condition are opinions, not statements of fact or guarantees. If a dispute about a lot arises it is the purchaser’s responsibility to provide a written statement by an acknowledged qualified expert within 30 days after the auction that the bold headline is in fact incorrect. The 30 day return period IS NOT calculated from the date payment is made or the date the items are received. The 30 day return period will not be extended due to delay in payment or delay in receipt of the goods. If the expert’s statement is indeed correct DARE will make a full refund upon return of the merchandise, provided that the merchandise is returned in the same condition it was received. In the unlikely event that you need to return the merchandise to DARE, Purchaser is responsible for all shipping costs. DARE must again reiterate the guarantee is only on the bold headline of the description and DARE will only honor this guarantee within 30 days of an auction. This right to return an item purchased at an auction shall be expressly limited to situations where errors occurred in the bold headline description of an auction item and such 30-day return provision shall not apply to a return of an auction item for any other reason. DARE will have no further obligation, i.e., no refunds or returns will be accepted, if the above conditions are not met. Items offered for sale as described in the catalog or any bill of sale, advertisement, addendum sheet, or elsewhere as to authorship, period, culture, source, origin, measurement, quality, rarity, provenance, importance, exhibition, or physical condition are qualified statements of opinion and not representations or warranties. No employee of DARE or any person purporting to act on behalf of DARE is authorized to make on DARE’s or the consignor’s behalf, any representation or warranty, oral or written, with respect to any lot or item for sale. 11. BINDING EFFECT, MODIFICATIONS, AND SEVERABILITY. The terms and conditions of sale shall bind the successors and assigns of all bidders and purchasers and inure to the benefit of DARE’s successors and assigns. No waiver, amendment or modification of the terms hereof (other than posted notices or oral announcements during the sale) shall bind DARE unless specifically stated in writing and signed by DARE. If any part of these terms and conditions of sale is for any reason invalid or unenforceable, the invalid portion shall be stricken and the rest of the terms and conditions of sale shall remain valid and enforceable. 12. RESERVES. Some items in this auction may be subject to reserve (the confidential minimum price below which the lot will not be sold). If a lot is offered with a reserve, DARE may implement that reserve by bidding on behalf of the consignor. No reserve will be allowed higher than the high estimate and in many cases the reserve is lower than the low estimate. This bidding will not generally constitute opening bidding. If DARE declares an opening bid and no advance to that bid is received DARE will pass the item. However, once bidding is opened DARE will bid on behalf of the consignor to reach the reserve price. The Auctioneer may reject nominal bids, which are small opening bids or very nominal advances made with the purpose of disparaging an item. If a lot fails to achieve a bid equal to or exceeding 25 – 30% of the low estimate, the item may be passed and not sold and may not be re-offered until a later sale. This determination of whether to sell the item at the current auction or re-offer it at a later auction is at the sole discretion of the Auctioneer. DARE buys items on the open market or may offer a guarantee to a consignor. In either event, DARE can have an ownership or other financial interest in the item(s) being auctioned. Such interest in the item(s) being auctioned may not be disclosed. If DARE has an interest in an offered lot and the proceeds therefrom, other than our commission, DARE may bid on the offered lot to protect such interest and such bidding shall not be prohibited under Section 13 below. Items which are not reserved are sold at the Auctioneer’s discretion. 14. FINANCIAL INTEREST IN PROPERTY. Purchaser acknowledges that DARE has a financial interest in all items offered for sale since it is paid a seller’s commission and buyer’s premium. Additionally, Purchaser acknowledges that a conflict of interest may exist because DARE, its officers or employees, or an entity owned by one or more of them, may have a financial interest in an item offered for sale beyond the seller’s commission and buyer’s premium, which may include an ownership interest or a guaranteed amount offered by DARE to a consignor of an item for sale. 15. ABSENTEE BIDDING. As a service to anyone wishing to place bids in advance of the sale DARE may accept bids on behalf of potential bidders at DARE’s own discretion by telephone or absentee bid using the forms DARE provides. An Absentee Bid must be received and credit approved in advance of the sale date. It is the Bidder’s responsibility to establish credit before bidding, or DARE will accept a 15% deposit in the amount of the total bids submitted. (Deposits will be returned within ten (10) days after sale if not successful.) An Absentee Bid form is enclosed in the back of the catalog. Bids may also be faxed to (334)671-0149. Additionally, on-line bidding is available on DARE’s website. Purchasers acknowledge that by bidding absentee via mail, e-mail, telephone, through internet providers, or any other absentee means (i.e., not in person bidding), no fiduciary duty exist between the bidder and DARE. Purchaser acknowledges that DARE has a fiduciary duty to the sellers and not to the bidders or purchasers. Purchaser acknowledges that DARE owes no duty to disclose the ownership of any item being auctioned. Any absentee bid is executed as if the bidder was actually present and bidding themselves. DARE will attempt to execute bids in a manner such that the bids will prevail at the lowest bid possible. DARE assumes no responsibility for failure to execute telephone, absentee, or website/online bids for any reason whatsoever or for failure to execute bids such that the bids do not prevail at the lowest bid possible. 17. FIREARMS LAWS. All post – 1898 firearms must be registered in compliance with federal and Alabama state law. Purchasers of post – 1898 firearms must complete state and federal registrations forms at Fast Guns, 654 Lynn Jarvid Road, Dothan, AL 36303, unless otherwise specified. Dealers and out-of-state purchasers must have in their possession on the day of sale, signed copies of their Federal Firearms License (FFL) in order to accept same-day delivery of modern weapons. 19. CONDITION OF FIREARMS. DARE makes no warranties or representations whatsoever and no employee or consultant of DARE has the authority to do otherwise, concerning the operation of firing condition, fitness for use, safety to store, or reliability, of any firearm, ammunition, or parts. Use of any firearm or ammunition purchased at DARE is entirely at the user’s risk. DARE offers for sale the lots as “collector” lots only. DARE strongly recommends that all weapons, ammunition, etc. purchased at auction be examined by a competent gunsmith. DARE expressly disclaims any liability whatsoever for accident, injury or damage resulting to any person from the storage or subsequent use of any such lot. 20. ENDANGERED OR PROTECTED SPECIES OR WILDLIFE. Any property made of or Incorporating endangered or protected species or wildlife may have import and export restrictions established by the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITIES). These items are not available to ship internationally and in some cases, domestically. Additionally, these items may be subject to confiscation by state or federal officials if the proper documentation authorizing their sale is not produced. By placing a bid, the bidder acknowledges that he is aware of the restriction and takes responsibility in obtaining and paying for any license or permits relevant to delivery of the item(s). DARE/Fast Guns does not accept liability for the inability to ship the purchased items or if such item(s) is (are) confiscated by state or federal officials prior to their shipment or transport to the successful bidder. 21. DELIVERY, SHIPPING, AND STORAGE CHARGES. All delivery, shipping and storage charges must be paid by the successful bidder prior to delivery of the firearm. 22. SHIPPING. If Fast Guns is asked to ship the purchased lots, there will be a separate charge for such shipping. Shipping charges to the purchaser for firearms will be based upon Fast Guns standard rates depending on the type of firearm shipped. Shipping rates for all non-firearm lots will be based upon the size and weight of the item. Fast Guns standard rates do not apply to any items shipped to the states of Alaska or Hawaii or to the Commonwealth of Puerto Rico. All lots shipped shall be covered by shipping insurance unless the purchaser expressly waives such shipping insurance, in which case such insurance shall not be provided for any of purchaser’s shipped lots. If any packing and handling of purchased lots is done by “Fast Guns”, it is done entirely at the risk of the purchaser. All packages are sent with adult signature required. DARE/Fast Guns is not liable for any acts of omissions in packaging or shipping. Purchased lots handled by outside carriers or packers, including those DARE/Fast Guns may have recommended, may carry their own insurance and any claims for losses or damages should be addressed directly to the outside carriers or packers. DARE/Fast Guns will arrange for packing and shipping at DARE’s/Fast Guns earliest possible convenience. DARE/Fast Guns will attempt to ship as soon as possible; however, due to DARE’s/Fast Guns high volume of absentee bids, shipping can take up to two weeks after full payment is received. In the case of crating or any exceptional packaging, the purchaser will be charged DARE’s/Fast Guns cost from outside agents. Purchaser pays shipping, packing materials, and insurance charges. Purchaser acknowledges and agrees that DARE/Fast Guns reserves the right to purchase its own shipper’s insurance, to be self-insured if DARE/Fast Guns determines such insurance is necessary in DARE’s/Fast Guns sole and absolute discretion. No shipping will be provided for “Foreign Export”. We also will NOT ship to California or Hawaii. 23. DISPUTES UNDER THIS CONTRACT. Purchaser and DARE agree to mediate any dispute or claim arising between them resulting from the purchaser participating in the auction or any resulting transaction, with the exception of the failure of the purchaser to make full payment of the purchaser’s obligations to DARE. In the event the purchaser fails to make full payment to DARE, DARE may, but is not required to, proceed directly to court. Furthermore, the purchaser and DARE agree that should Mediation be necessary, Mediation fees, if any, will be borne equally by the parties. Purchaser and DARE are required under the terms and conditions of sale to enter into Mediation before arbitration or any court action. Should a party commence legal action other than Mediation without giving written notice to the other party, the party so commencing the legal action will not be entitled to recover attorney’s fees even if they would otherwise be allowed in the action. All mediation, arbitration and court proceedings, whether in state or federal court, shall be filed and conducted solely within Houston County, State of Alabama, and not in any other jurisdiction. Should Mediation not settle the dispute between the parties the purchaser and DARE agree that any dispute or claim, in law or equity, resulting from the participation in the auction or any resulting transaction shall be settled in neutral binding arbitration utilizing the standards of American Arbitration Association and must be initiated and carried out in Houston County, State of Alabama. Any bidder or purchaser agrees that the election of restricting any and all claims to Arbitration is a voluntary decision and is evidenced by the bidder or purchaser’s participation in the auction. The purchaser specifically agrees to the following: I have read the terms and conditions of sale and by my participation in this sale I agree all disputes arising out of my participation will be first submitted to Mediation, and if Mediation is not successful in resolving the dispute I then submit to neutral binding Arbitration with DARE and any other entity under this contract. No lawsuit shall be filed until a person has in good faith completed all Mediation and Arbitration proceedings as required hereunder. 24. LIMITATION OF LIABILITY. EXCEPT AS EXPRESSLY PROVIDED ABOVE, ALL PROPERTY IS SOLD “AS IS”. NEITHER DEANCO AUCTION & REAL ESTATE CO., INC. NOR THE CONSIGNOR MAKES ANY REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE TITLE, MERCHANTABILITY, FITNESS OR CONDITION OF THE PROPERTY OR AS TO THE CORRECTNESS OF DESCRIPTION, GENUINENESS, ATTRIBUTION, PROVENANCE OR PERIOD OF THE PROPERTY OR AS TO WHETHER THE PURCHASER ACQUIRES ANY COPYRIGHTS OR OTHER INTELLECTUAL PROPERTY RIGHTS IN LOTS SOLD. ALL FIREARMS AND AMMUNITION ARE SOLD AS COLLECTOR LOTS ONLY. FITNESS TO FIRE OR OTHERWISE DISCHARGE THE ARM OR AMMUNITION IS EXPRESSLY DENIED BY DEANCO AUCTION & REAL ESTAE CO., INC.. A COMPETENT GUNSMITH SHOULD BE CONSULTED BEFORE ATTEMPTING TO USE OR FIRE ANY FIREARM OR AMMUNITION. THE PURCHASER EXPRESSLY ACKNOWLEDGES AND AGREES THAT IN NO EVENT SHALL DEANCO AUCTION & REAL ESTAE CO., INC. BE LIABLE FOR ANY DAMAGES INCLUDING WITHOUT LIMITATION ANY COMPENSATORY, INCIDENTAL OR CONSEQUENTIAL DAMAGES.