LAWSON CO. AUCTIONEERS LLC
EQUIPMENT AUCTION TERMS & CONDITIONS

PLEASE READ ALL TERMS AND CONDITIONS BEFORE BIDDING. BY REGISTERING AND PLACING A BID, YOU ACKNOWLEDGE THAT YOU HAVE READ, UNDERSTAND, AND AGREE TO THESE TERMS. ALL BIDS ARE BINDING.

1. AUCTION INFORMATION

Auction Closing: Thursday, October 15, 2026, beginning at 6:00 PM Eastern Time.

Auction Location: 8963 Bellwood Road, Bardstown, KY 40004.

Public Preview: [INSERT CURRENT PREVIEW DATES AND TIMES]

General Equipment Pickup: Friday, October 16, and Saturday, October 17, 2026, from 9:00 AM to 6:00 PM each day.

Titled Vehicle Pickup: Monday, October 19, 2026, from 9:00 AM to 5:00 PM.

Shipping Container Pickup: October 19–22, 2026, from 9:00 AM to 5:00 PM. Buyers must call 502-718-0990 in advance to schedule removal arrangements.

2. BUYER'S PREMIUM AND SALES TAX

A 10% Buyer's Premium will be added to each winning bid to determine the total purchase price before applicable taxes and fees.

Kentucky sales tax of 6% will be collected on taxable purchases unless the buyer provides valid and properly completed tax exemption documentation.

3. PAYMENT TERMS

All purchases must be paid in full no later than the end of the final scheduled general equipment pickup day, October 17, 2026.

Accepted payment methods include cash, cashier's check, personal or business check, and major credit or debit cards.

CREDIT/DEBIT CARD PAYMENT LIMIT: A maximum of $2,500 per invoice may be paid by credit or debit card. Any remaining balance must be paid by cash, cashier's check, or approved personal or business check. Automatic charges to the card on file will not exceed $2,500. All balances must be paid in full by the stated payment deadline.

There is no additional credit or debit card processing fee.

Any unpaid invoice remaining after the payment deadline may automatically be charged to the credit or debit card on file, up to the $2,500 maximum. By registering and bidding, buyers authorize Lawson Co. Auctioneers LLC to process payment for unpaid purchases, including applicable Buyer's Premium, sales tax, and disclosed fees, subject to the card payment limit.

Buyers are responsible for maintaining accurate contact information and valid payment information.

The auction company reserves the right to require certified funds when reasonably necessary.

4. ALL SALES FINAL — AS IS, WHERE IS

ALL PROPERTY IS SOLD AS IS, WHERE IS, WITH ALL FAULTS. ALL SALES ARE FINAL.

TO THE FULLEST EXTENT PERMITTED BY LAW, ALL IMPLIED WARRANTIES, INCLUDING WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, ARE DISCLAIMED.

Neither Lawson Co. Auctioneers LLC nor the seller makes any guarantee regarding condition, quality, age, authenticity, completeness, performance, or suitability of any item, except for any express representation or warranty that cannot lawfully be disclaimed.

Buyers are responsible for inspecting items before bidding. Failure to inspect does not relieve a buyer of their purchase obligations.

No refunds, returns, exchanges, or price adjustments will be provided for buyer's remorse, failure to inspect, or assumptions about an item's condition or specifications, except where required by law.

5. CATALOG DESCRIPTIONS, MODEL NUMBERS, AND SPECIFICATIONS

Catalog descriptions, photographs, model numbers, dimensions, weights, horsepower ratings, lifting capacities, operating capacities, and other specifications are provided for informational and identification purposes.

Equipment may be manufactured domestically or internationally. Imported equipment may have inaccurate, incomplete, or inconsistent manufacturer labels, specifications, or model designations.

MODEL NUMBERS DO NOT NECESSARILY REPRESENT THE ACTUAL WEIGHT, SIZE, HORSEPOWER, LIFTING CAPACITY, OR PERFORMANCE OF EQUIPMENT.

Lawson Co. Auctioneers LLC does not independently verify every manufacturer-provided specification and does not guarantee the accuracy of such information.

Buyers are responsible for independently verifying specifications, dimensions, capacities, compatibility, and suitability before bidding.

This requirement also applies to building kits, carports, sheds, structures, attachments, and other items where measurements or specifications are important.

The auction company reserves the right to correct errors, update descriptions, or withdraw lots as necessary, subject to applicable law.

6. EQUIPMENT ASSEMBLY — DISPLAY PURPOSES ONLY

Equipment, vehicles, golf carts, attachments, and other items may be partially or fully assembled by the seller, auction company, or third parties for display, photography, or presentation purposes only.

ASSEMBLY FOR DISPLAY DOES NOT MEAN AN ITEM HAS BEEN PROPERLY ASSEMBLED, INSPECTED, SERVICED, TESTED, OR DETERMINED SAFE FOR OPERATION.

Buyers are solely responsible for verifying proper assembly, installation, adjustments, fastener tightness, hydraulic connections, safety components, and overall mechanical condition before use.

Additional assembly, servicing, repairs, or adjustments may be required.

7. REQUIRED EQUIPMENT INSPECTION AND MAINTENANCE

Before operating machinery or equipment, buyers are responsible for:

Inspecting and tightening all applicable bolts, nuts, fasteners, pins, fittings, hydraulic hoses, and connections.

Changing engine and hydraulic oil before use, where applicable.

Inspecting all other fluids and replacing them as necessary.

Properly greasing and lubricating all applicable moving components.

Verifying proper assembly, controls, guards, safety devices, and operating condition.

Buyers are strongly encouraged to have equipment inspected by a qualified mechanic before operation.

EQUIPMENT DESCRIBED AS NEW OR UNUSED IS NOT GUARANTEED TO BE READY FOR IMMEDIATE OPERATION.

8. NEW EQUIPMENT, OPERATING HOURS, AND MANUFACTURER SUPPORT

Equipment described as new or unused may have been operated for manufacturing, testing, demonstration, assembly, loading, or transportation.

Hour-meter readings are reported as displayed and are not guaranteed to represent actual operating hours.

No guarantee is made regarding manufacturing date, previous use, service history, manufacturer warranties, availability of replacement parts, service manuals, or technical support.

Buyers are responsible for determining whether parts and service are available.

9. EQUIPMENT SAFETY AND REGULATORY COMPLIANCE

Buyers are responsible for determining whether purchased equipment complies with applicable safety, emissions, licensing, registration, transportation, and operational requirements.

Lawson Co. Auctioneers LLC does not certify equipment as roadworthy, workplace-ready, or compliant with any particular industry standard.

Equipment may require inspections, modifications, repairs, certifications, or additional safety components before lawful or safe operation.

10. PUBLIC PREVIEW AND INSPECTION

Items may be inspected during the advertised preview dates and times.

Preview is for visual inspection only unless Lawson Co. Auctioneers LLC expressly authorizes operation or testing.

Buyers must obtain permission before starting, operating, moving, or testing equipment.

All inspections are conducted at the bidder's own risk, subject to applicable law.

11. PICKUP AND REMOVAL

All purchased items must be removed during the scheduled pickup dates and times unless prior written arrangements have been approved by Lawson Co. Auctioneers LLC.

General Equipment Pickup: October 16–17, 2026, 9:00 AM–6:00 PM each day.

Titled Vehicles: October 19, 2026, 9:00 AM–5:00 PM.

Shipping Containers: October 19–22, 2026, 9:00 AM–5:00 PM. Buyers must call in advance to schedule removal.

Payment does not extend the pickup deadline.

Buyers are responsible for arranging transportation, loading equipment, personnel, and removal of their purchases.

12. LOADING AND TRANSPORTATION

Buyers are responsible for safely loading, securing, transporting, and removing purchased property.

Lawson Co. Auctioneers LLC personnel may assist with loading as a courtesy but are not obligated to do so.

Buyers must provide appropriate trailers, vehicles, equipment, personnel, and other resources necessary for safe removal.

Buyers are responsible for complying with applicable transportation and load-securement requirements.

To the fullest extent permitted by law, buyers agree to indemnify Lawson Co. Auctioneers LLC against third-party claims arising from the buyer's loading, removal, transportation, or operation of purchased property, except to the extent caused by conduct for which Lawson cannot lawfully disclaim responsibility.

13. RISK OF LOSS

Risk of loss or damage to purchased property transfers to the buyer upon the earlier of:

The buyer taking possession of the item; or

The expiration of the applicable final scheduled pickup deadline.

For general equipment, the deadline is October 17, 2026, at 6:00 PM.

For titled vehicles, the deadline is October 19, 2026, at 5:00 PM.

For shipping containers, the deadline is October 22, 2026, at 5:00 PM.

After the applicable deadline, uncollected property remains at the buyer's risk, to the extent permitted by law.

This provision does not eliminate liability that cannot lawfully be excluded.

14. STORAGE FEES AND LATE PICKUP

All purchases must be removed by the applicable scheduled pickup deadline unless prior written approval has been obtained.

Items remaining after the applicable pickup deadline will incur a storage fee of $20 per invoice, per calendar day, beginning the following calendar day.

Storage fees continue until all items on the invoice are removed or alternative arrangements are approved in writing.

The fee is assessed per invoice, not per item.

Payment of storage fees does not entitle buyers to indefinite storage.

15. UNCLAIMED PROPERTY — SEVEN-DAY LIMIT

Due to limited storage space, Lawson Co. Auctioneers LLC cannot accommodate purchased property remaining more than seven calendar days beyond its applicable scheduled pickup deadline without prior written approval.

For general equipment, the seven-day period ends October 24, 2026.

For titled vehicles and shipping containers, the seven-day period is measured from their respective final scheduled pickup deadlines.

Items remaining after the applicable seven-day period without approved arrangements will be considered in default.

The auction company may provide notice and pursue legally permitted remedies, including removal, storage, resale, or disposal, subject to applicable law and any required notice procedures.

Buyers remain responsible for applicable storage, handling, removal, and other legally recoverable costs.

16. TITLED VEHICLES AND DOCUMENTATION

A $65 documentation fee will be charged for each titled item purchased.

Buyers are responsible for applicable registration, licensing, title transfer, taxes, insurance, and government fees.

Titles will be processed and delivered according to applicable law.

Titled vehicles must be picked up October 19, 2026, between 9:00 AM and 5:00 PM, unless alternative arrangements are approved in writing.

The auction company does not guarantee that a vehicle is roadworthy or eligible for registration in every jurisdiction.

17. SHIPPING CONTAINERS

Shipping containers must be removed October 19–22, 2026, between 9:00 AM and 5:00 PM.

BUYERS MUST CALL 502-718-0990 IN ADVANCE TO SCHEDULE CONTAINER REMOVAL.

Buyers are responsible for arranging suitable transportation, loading equipment, permits, and any other resources necessary for removal.

Container dimensions, weights, condition, and suitability must be independently verified before bidding.

18. EXTENDED BIDDING — SOFT CLOSE

This auction uses an Extended Bidding (Soft Close) format beginning at 6:00 PM Eastern Time.

The automatic bidding extension schedule is:

Time Period Automatic Extension
6:00 PM–6:15 PM 5 minutes
6:15 PM–6:45 PM 3 minutes
6:45 PM–7:15 PM 2 minutes
7:15 PM–Auction End 1 minute

If a qualifying bid is placed during the applicable extension period before a lot closes, the affected lot's closing time will automatically extend according to the schedule above.

Additional qualifying bids may continue to extend bidding until no further bids are received within the applicable extension period.

THE POSTED CLOSING TIME IS THE EARLIEST POSSIBLE CLOSING TIME. BIDDERS SHOULD BE PREPARED FOR AN EXTENDED AUCTION WINDOW.

Bidders are responsible for monitoring the countdown timer until bidding has ended.

19. INTERNET AND SOFTWARE ISSUES

Lawson Co. Auctioneers LLC is not responsible for missed bids resulting from internet interruptions, connection problems, device failures, or other technical issues beyond its reasonable control.

In the event of software or platform difficulties, the auction company reserves the right to pause, extend, reopen, or reschedule bidding when reasonably necessary and permitted by law.

20. BIDDER DEFAULT

Failure to pay for or complete a purchase constitutes a breach of these terms.

Lawson Co. Auctioneers LLC reserves the right to suspend bidding privileges, pursue collection of unpaid amounts, recover legally permissible damages and resale expenses, and exercise other remedies available under Kentucky law.

Buyers may be responsible for deficiencies resulting from an authorized resale to the extent recoverable under applicable law.

21. AUCTION COMPANY RIGHTS

Lawson Co. Auctioneers LLC reserves the right, consistent with applicable law, to reject or revoke bidding privileges, correct catalog errors, withdraw lots, and resolve bidding disputes.

Auction company employees and representatives may bid on and purchase auction items when permitted by law and properly disclosed.

Any seller bidding or auctioneer participation must comply with applicable auction laws and disclosure requirements.

Material changes to auction terms will be communicated as required by law.

22. AGENCY, INDEMNIFICATION, AND LIABILITY

Lawson Co. Auctioneers LLC and its representatives act as agents of the seller unless otherwise disclosed.

To the fullest extent permitted by law, buyers agree to indemnify Lawson Co. Auctioneers LLC, its employees, agents, and representatives against third-party claims, damages, and reasonable expenses arising from the buyer's breach of these terms, negligent conduct, loading, transportation, or operation of purchased property.

This provision does not require indemnification for conduct that cannot legally be indemnified.

Nothing in these terms excludes liability for fraud, intentional misconduct, or other liability that cannot lawfully be excluded.

23. DISPUTES AND GOVERNING LAW

These terms are governed by the laws of the Commonwealth of Kentucky.

To the extent permitted by law, disputes arising from this auction shall be brought in a court of competent jurisdiction in Nelson County, Kentucky.

24. ELECTRONIC COMMUNICATIONS

Buyers agree to receive necessary transactional communications regarding registration, bidding, invoices, payment, pickup, and auction administration.

Promotional email and text-message subscriptions are subject to applicable consent and opt-out requirements.

25. TIME IS OF THE ESSENCE

Time is of the essence regarding payment, pickup, removal, and all other deadlines established in these terms.

26. CONTACT INFORMATION

Lawson Co. Auctioneers LLC

8963 Bellwood Road
Bardstown, KY 40004

Phone: 502-718-0990

Website: www.LawsonAuctioneers.com

BY REGISTERING AND BIDDING, BUYERS ACKNOWLEDGE THAT THEY HAVE READ, UNDERSTAND, AND AGREE TO THESE TERMS AND CONDITIONS.