LOCATION: JUSTIN, TEXAS

ASSETBUILT, LLC 

 

BIDDER'S BINDING AGREEMENT & TERMS AND CONDITIONS 

 

 

 

ASSETBUILT, LLC, HEREIN REFERRED TO AS ASSETBUILT, AUCTIONEER AND SELLER. 

 

 

 

  

 

 

 

BIDDER HEREINAFTER REFERRED TO AS BIDDER, REGISTERED BIDDER, PURCHASER, UNDERSIGNED AND BUYER. 

 

 

 

  

 

 

 

THIS AUCTION SHALL BE CONDUCTED IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH BELOW, WHICH SUPERSEDE ALL OTHER PROVISIONS AND ARE FURTHER SUBJECT TO ANY AMENDMENTS, MODIFICATIONS OR ANNOUNCEMENTS ISSUED BY THE AUCTIONEER AT ANY POINT BEFORE OR DURING THE AUCTION, AS WELL AS ANY UPDATES POSTED AT WWW.ASSETBUILT.COM. BY SUBMITTING A BID, THE BIDDER AGREES AND ACKNOWLEDGES THAT THE AUCTIONEER BEARS NO RESPONSIBILITY OR LIABILITY FOR THE BIDDER'S AWARENESS OF SUCH ANNOUNCEMENTS, AND THAT THE BIDDER ASSUMES ALL ASSOCIATED RISKS AND LIABILITIES FROM THE MOMENT A BID IS PLACED. 

 

 

 

  

 

 

 

AUCTIONEER RESERVES THE RIGHT TO CAPTURE AUDIO, VIDEO AND PHOTOGRAPHIC RECORDINGS OF THE AUCTION AND TO DISTRIBUTE OR PUBLISH SUCH RECORDINGS AT THE AUCTIONEER'S SOLE DISCRETION. BY PARTICIPATING IN THE AUCTION, ALL BUYERS HEREBY GRANT THEIR CONSENT TO SUCH RECORDING AND POTENTIAL PUBLICATION. 

 

 

 

  

 

 

 

Auctioneer reserves the right, at its sole discretion, to refuse entry, deny registration or revoke bidding privileges at any time and for any reason. Bid paddles and invoices are issued solely to the registered bidder and are non-transferable. Any bid placed by the holder of a bid paddle is the full and sole responsibility of the Registered Bidder. All sales are considered final; no refunds, returns, credits, exchanges or rebids will bepermitted once the Auctioneer declares an item sold. 

 

 

 

  

 

 

 

The Bidder, Registered Bidder, Purchaser, Undersigned and Buyer acknowledge that a successful bid constitutes a legally binding contractof sale. This agreement is binding upon both the Registered Bidder's company and the individual Bidder, Purchaser, Undersigned and Buyer personally, for all amounts due at the conclusion of bidding and as reflected on the final invoice. 

 

 

 

IDENTIFICATION 

 

All Bidders are required to provide their full legal name, company name (if applicable), and complete address at time of registration. The Auctioneer reserves the right to verify the identity of any Bidder prior to or during the auction. 

 

 

 

BUYER BEWARE — CAVEAT EMPTOR / WARRANTIES AND DISCLAIMERS 

 

"THE BUYER ALONE IS RESPONSIBLE FOR EVALUATING THE QUALITY, CONDITION AND SUITABILITY OF ANY ITEM PRIOR TO PURCHASE." 

 

 

 

  

 

 

 

Auctioneer makes no representations, warranties, promises, covenants or guarantees, expressed or implied, regarding the accuracy or completeness of any item descriptions,advertisements or catalogue listings, and accepts no responsibility for discrepancies of any kind. ALL ITEMS ARE SOLD STRICTLY ONAN "AS IS, WHERE IS" BASIS, WITH ALLFAULTS, AND REMOVAL IS ENTIRELY AT THE BUYER'S RISK AND EXPENSE. AUCTIONEER EXPRESSLY DISCLAIMS, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, AND MAKES NO REPRESENTATIONS REGARDINGTHE NATURE, QUALITY, FUNCTION, PERFORMANCE, VALUE OR CONDITION OF ANY ITEM OFFERED FOR SALE. 

 

 

 

  

 

 

 

The Auctioneer and any owner, seller, or secured party make no warranties express or implied as to merchantability or fitness for purpose whatsoever. All such express or implied warranties are expressly excluded hereby. No oral statement or other writing by any person negates this exclusion. If you believe you have received any assurance or warranty of any kind as to a Lot offered in this auction, do not bid on such item unless the Auctioneer has signed a writing specifically directed to you, identifying the Lot and stating the modification of this exclusion. The Auctioneer shall not be responsible for the correct description, genuineness, authenticity of, or defect in any Lot, and makes no warranty in connection therewith. No sale will be set aside nor allowance made on account of any incorrectness, error in commentary, cataloging, or any imperfection not noted. 

 

 

 

  

 

 

 

PHYSICAL INSPECTION RECOMMENDED:AssetBuilt, LLC strongly encourages all prospective bidders to physically inspect all Lots prior to placing any bid.Inspection appointments may be arranged in advance through the Auctioneer. By placing a bid, the Undersigned confirms that they have either completed a satisfactory inspection or have voluntarily chosen to waive that right. No credits, returns, exchanges,refunds or rebids will be considered except at the Auctioneer's sole discretion, provided any such request is made directly to the Auctioneer within five (5) minutes of the Lot being closed.No claims based on an item's failure to meet any assumed standard will be entertained. 

 

 

 

  

 

 

 

PHOTOGRAPHS AND IMAGES DISCLAIMER: Photographs, images, and visual representations of Lots provided in auction catalogues, listings, advertisements, or on AssetBuilt's website or any third-party platform are provided for general reference purposes only.AssetBuilt, LLC is not responsible for any errors, omissions, inaccuracies, or misrepresentations in any photographs or images, including but not limited to differences in color, condition, configuration, model, accessories depicted, or any other visual discrepancy between the photograph and the actual item. Images may depict similar but not identical equipment, may not reflect current condition, and may not show all faults, damage, or missing components. Buyers must not rely solely on photographs when making bidding decisions. Physical inspection prior to bidding is the sole reliable method of verifying anitem's condition and is strongly recommended for all Lots. 

 

 

 

  

 

 

 

The Undersigned hereby waives, releases and forever discharges the Auctioneer and its respective employees, agents and representatives from any and all claims, actions, demands, damages, costs or compensation of any kind, direct or indirect, known or unknown, foreseen or unforeseen, arising out of or related to any defect, latent or otherwise, or the physical condition of any purchased item, or any applicable law or regulation. The Undersigned specifically waives the protections of California Civil Code Section 1542, which states: "A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor." 

 

 

 

BUYER'S PREMIUM 

 

A Buyer's Premium of twenty percent (20%) will be added to the final hammer price of every Lot and is the responsibility of the successful Bidder. This premium is taxable and will appear as a separate line item on the Buyer's invoice. The total purchase price for any Lot is therefore the hammer price plus the 20% Buyer's Premium, plus any applicable sales taxes, plus any other fees as outlined in these Terms and Conditions. The Buyer's Premium is non-negotiable and non-refundable under any circumstances. By placing a bid, the Bidder expressly acknowledges and accepts responsibility for payment of the Buyer's Premium on all successful bids. 

 

 

 

DEPOSIT 

 

To participate, all Bidders mustsubmit a deposit equal to 25% of their maximumanticipated spend, payable by cash, cashier's check, company check accompanied by a bank letter guaranteeing unconditional payment, or wire transfer inclusive of applicable wire fees. Each successful Bidder willbe required to make a deposit in cash or by bankcashier's or certified check of 25% of the successful bid on each Lot at time of knockdown. In default of such deposit, the Lot may be put up againimmediately and resold. 

 

 

 

TIME OF PAYMENT / MANNER OF PAYMENT 

 

Full payment of the Bidder's invoice must be received by the Auctioneer within the first banking day following the auction — within 24 hours — or the Buyer will be considered in default of this Agreement. Each successful Bidder shall receive an invoice during or at the conclusion of the auction. All invoices must be paid in full by the close of business on the last day of the auction sale and prior to removing any Lot. Any other arrangements must be made with Auctioneer prior to bidding. 

 

 

 

  

 

 

 

In the absence of payment or agreement by the Auctioneer, title to the Lot shall not transfer to the successful Bidder and such Bidder will lose any right, title or interest such Bidder may have acquired, and the deposit paid, if any, without further notice to such Bidder. The Bidder shall nonetheless remain liable for any damages caused by the Bidder's failure to pay. 

 

 

 

  

 

 

 

All payments must be made by cash, bank cashier's check or company check with a bank letter of authorization guaranteeing funds payable to "AssetBuilt, LLC." All invoices must be paid to representatives of the Auctioneer at the auction site unless otherwise announced. The full purchase price on all Lots sold to the same successful Bidder must be paid within the time fixed and before removal of any Lot. A taxable Buyer's Premium surcharge will be applied to all invoices asstatedherein. 

 

 

 

SALES TAX 

 

All sales are subject to applicable state and local taxes, which will be collected from the successful Bidder unless a proper exemption certificate including tax-exempt number is presented at the time of payment. The Undersigned must provide documentation satisfactory to the Auctioneer to support any claimed sales tax exemption; such documentation must reflect the same industry as the itemspurchased. In the absence of acceptable proof, the Buyeris responsible for all applicable taxes. 

 

 

 

MOTOR VEHICLES — SPECIAL TERMS 

 

Auctioneer assumes no responsibility for any Department of Motor Vehicles fees, taxes, registration costs, licensing requirements, penalties, smogcertifications or related charges. Certain vehicles, as announced or noted in the auction catalogue or on the Buyer's invoice, will be sold strictly "AS IS" with a Bill of Sale only. A $75 title transfer fee will be assessed on eachtitled item. Where titles are available, they will be mailed to the Buyerapproximately 7–10 business days following receipt of full payment. No refunds will be issued in the event the Auctioneer is unable to produce a title. Sales tax on motor vehicles is the sole responsibility of the Buyer, to be remitted directly to the appropriatestate's Department of Motor Vehicles. All vehicles are sold "AS IS, WHERE IS, WITH NO WARRANTIES EXPRESSED OR IMPLIED." It is the Buyer's sole responsibility to inspect each vehicle and verify all details including description, model, year,mileage and condition.Auctioneer accepts no responsibility for inaccuracies of any kind. 

 

 

 

REMOVAL — TERMS AND CONDITIONS 

 

All purchases must be removed no later than the date specified in the Auction Catalogue and/or announced at the sale. No Lot can, on any account, be removed during the sale. All goods are sold "Where Is." Removal shall be at the expense, risk, and liability of the successful Bidder. Purchases will be released only upon presentation of a paid invoice. 

 

 

 

RESALE, ASSIGNMENT OR TRANSFER OF PURCHASED LOTS: Any resale, assignment, transfer or other disposition of a purchased Lot by the successful Bidder to any third party, whether before or after payment and whether or not approved or acknowledged by the Auctioneer, shall not release, discharge, substitute for or otherwise affect the successful Bidder's obligations under this Agreement. For all purposes of this Agreement, the successful Bidder shall remain the sole Buyer of record and shall remain fully, primarily, legally and financially responsible for ensuring that the Lot is paid for and removed in full within the time prescribed by the Auctioneer; for compliance by the successful Bidder and any subsequent purchaser, transferee, agent, contractor, rigger or other person acting in connection with the Lot with all removal, insurance, safety and site requirements; and for all costs, fees, damages, deficiencies, penalties, claims and liabilities arising from or relating to the Lot or its removal. No resale, assignment or transfer shall create a contractual relationship between the Auctioneer and anysubsequent purchaser or transferee, nor shall it transfer or shift any obligation or liability of the successful Bidder without the Auctioneer's express prior written consent. The successful Bidder is solely responsible for coordinating with anysubsequent purchaser or transferee and ensuringtimely and complete removal. Any failure by asubsequent purchaser or transferee to pay for, collect or remove the Lot shall bedeemed a failure and default by the successful Bidder, subject to all remedies provided in this Agreement. 

 

 

 

  

 

 

 

All responsibilities associated with electrical disconnection, fluid and liquid removal, rigging, loading, broom cleaning, trash and debris removal, floor stud extraction and transportation are borne solely and absolutely by the Undersigned. No abandonment of any item, regardless of size or value, will bepermitted. 

 

 

 

  

 

 

 

Auctioneer shall not be responsible for Lots not removed within the time allowed, but Auctioneer shall have the option to remove and store at the expense and risk of the successful Bidder any article purchased but not paid for and removed within the time required. 

 

 

 

  

 

 

 

No purchased items may be removed from the premises while the auction is actively in progress. 

 

 

 

  

 

 

 

All coolants, oil and fluids must be drained from all machinery and equipment prior to removal. All of the above must be shipped in compliance with state and federal regulations. Preparation and shipment shall be at the sole responsibility and cost of the successful Bidder. 

 

 

 

INSURED MACHINERY MOVERS — REQUIRED FOR REMOVAL 

 

For the removal of any items that are not hand-carry (i.e., any item requiring mechanical assistance, rigging equipment, forklifts, cranes, pallet jacks, or any other equipment or additional personnel for its safe movement), the Buyer is required to use a licensed, professional, and fully insured machinery moving company or rigging contractor. Self-performed removal by the Buyer, its employees, or agents is notpermitted for such items unless the Buyer's own company is a licensed and insured rigging or machinery moving firm and providesdocumentation satisfactory to the Auctioneer. 

 

 

 

  

 

 

 

INSURANCE VERIFICATION REQUIRED BEFORE REMOVAL: Prior to commencing any removal activity, the Undersigned must presentAssetBuilt, LLC personnel with the following valid and current documentation: 

 

 

 

  

 

 

 

1.  Proof of valid Workers' Compensation Insurance covering all workers and contractors involved in the removal. 

 

 

 

2.  A commercial General Liability Insurance certificate reflecting a minimum combined single limit of $2,000,000.00 per occurrence, with AssetBuilt, LLC, the Seller, and the Landlord each named asadditional insureds. 

 

 

 

3.  Where crane or hoist usage is intended, the insurance certificate must expressly include crane and rigging coverage, and written authorization from the crane owner must be obtained in advance. 

 

 

 

  

 

 

 

AssetBuilt, LLC reserves the right to verify all insurance documentation and to deny removal privileges to any Buyer or contractor whose documentation isdeemed insufficient, expired, or otherwise unacceptable, at the Auctioneer's sole discretion. No items — regardless of size — will be released orpermitted to leave the premises until all required insurance documentation has been reviewed and approved byAssetBuilt, LLC personnel. Failure to provide acceptable documentation will not entitle the Buyer to any extension of the removal deadline, refund, or other remedy. 

 

 

 

REMOVAL — FACILITY AND SAFETY REQUIREMENTS 

 

Upon completion of equipment removal, the Undersigned is responsible for adequately safeguarding any resulting pits, exposed floor bolts, anchoring points or other hazards at its own expense, using generally accepted safety practices — including but not limited to safety tape, welded pipes or bars, or other barriers acceptable to the Auctioneer. All floor bolts and anchoring fasteners must be cut flush with the floor surface. The surrounding area must be left broom clean with all debris fully removed. 

 

 

 

  

 

 

 

The Undersigned is further responsible for confirming that power to all items has been shut off before safely disconnecting all electrical wiring and utility piping, capping at the first electrical or air junction of each item. All items must be staged for loading in the area designated by Auctioneer personnel. 

 

 

 

  

 

 

 

The Undersigned bears full responsibility for securing all required safety equipment and ensuring compliance with all applicable government safety standards during the use or removal of any purchased items. Certain items may contain residual chemicals or hazardous materials. The Undersigned agrees to indemnify and hold the Auctioneer harmless fromany and all damages, claims or liabilities arising from injury to persons or property caused by the Undersigned, its agents, employees or contractors during the sale orin the course of removing, operating or using any purchased item. 

 

 

 

  

 

 

 

The cleanup and proper disposal of any hydraulic fluid, oil leaks or other fluid discharge is entirely the Undersigned's responsibility. The Undersigned must ensure full compliance with all applicable federal,state and local environmental laws, statutes,regulations and ordinances, and must take all reasonable precautions to prevent the release of any hazardous waste or substance into the environment. 

 

 

 

  

 

 

 

No vehicles or trucks may be left running inside any enclosed structure on the premises. The Auctioneer assumes no responsibility for any personal belongings left on the premises. 

 

 

 

  

 

 

 

Any damage to the facility — including but not limited to walls, ceilings, floors, overhead doors, gates or any other structural or surface elements — is the sole responsibility of the Undersigned. Purchased items will not bepermitted to leave the premises until all damage has been repaired to the Auctioneer's satisfaction. 

 

 

 

  

 

 

 

Theft will not be tolerated under any circumstances. The Auctioneer reserves the right to inspect all vehicles, toolboxes, riggercases and similar containers at any time. Any confirmed or suspected theft will result in the immediate revocation of removal privileges and referral for full criminal prosecution. All quantities must be verified prior to removal from the premises; no adjustments will be made after items have left the site. 

 

 

 

TITLE, RISK OF LOSS, AND LIABILITY 

 

From the moment the Auctioneer declares an item sold andidentifies the Undersigned as the Purchaser, all items within that Lot become the sole and absolute responsibility of the Undersigned. The Undersignedimmediately assumes all risk of loss — including but not limited to theft,damage or destruction — and all related liability.Buyers are strongly advised to arrangeappropriate insurance coverage for their purchases in advance, as no refunds will be issued for items that are missing, lost, damaged or stolen except at the Auctioneer's sole discretion. 

 

 

 

  

 

 

 

The Auctioneer shall not be liable for non-delivery of any item for any reason, with the sole remedy being the return of any deposit or funds paid for such undelivered items. This limitation applies from the time of knockdown through the conclusion of the designated removal period.Under no circumstances shall the Auctioneer's liability to the Undersigned exceed the amount actually paid. THE UNDERSIGNED EXPRESSLYACKNOWLEDGES AND AGREES THAT THE AUCTIONEER SHALL NOT BE LIABLE FOR ANY SPECIAL,CONSEQUENTIAL OR INCIDENTAL DAMAGES OF ANY KIND. 

 

 

 

  

 

 

 

Title to and possession of all purchased itemsremains with the Auctioneer until payment in full has been received for every item on the Purchaser's invoice. No items will be released until the invoice is paid in its entirety. Should the Purchaserfail to remit full payment for any reason, the Auctioneer willretain both the items and any monetary consideration already receivedin order to mitigate financial damages. If anysubsequent sale or mitigation proceedsexceed the outstanding invoice balance, the Auctioneer will refund the difference to the Purchaser upon determination at its sole discretion. The Purchaser agrees that all items won at this auction, though they may appear as separate line items on the invoice, collectively constitute a single contract for purposes of any legal dispute. 

 

 

 

DEFAULT — FAILURE TO PAY OR REMOVE 

 

Should the Undersigned fail to pay the invoice in full within the first banking day following the auction (within 48 hours), fail to remove all purchased items by the date specified on the invoice, or fail to comply with any other term or condition of this Agreement, all items on the invoice shall be deemed abandoned. In such event, the Auctioneer may, at its sole discretion and without further notice, remove, dispose of,scrap or resell any or all such items through public or private sale. 

 

 

 

  

 

 

 

The Undersigned agrees to reimburse the Auctioneer for any resulting deficiency and all associated costs, including removal, rent, storage, holdover fees and a $500.00 per diem administrative fee per item until each item is removed. The Undersigned further acknowledges that both parties have provided sufficient consideration to perform under this Agreement, and that failure to pay in full within the prescribedtimeframe constitutes a default and consent to judgment — explicitly waiving any right to a court hearing. All related costs, includingattorney's fees, court costs, investigative expenses and any other legal fees incurred in connection with enforcement or collection, shall be the responsibility of the Undersigned. 

 

 

 

  

 

 

 

The Auctioneeris authorized to apply any previously collected deposits against outstanding deficiencies without further notice to the Purchaser. Time is of the essence with respect to both payment and item removal under this Agreement. The Purchaser further acknowledges that the Auctioneer will sustain monetary damagesas a result of any item disposal necessitated by the Purchaser's default, and agrees to be responsible for all resulting deficiencies, costs and damages, known and unknown, incurred by the Auctioneer in enforcing this Agreement.All such deficiencies shallconstitute a debt owed by the Undersigned. 

 

 

 

  

 

 

 

In default of payment of invoices in full within the time specified, the Auctioneer, in addition to all other remedies allowed by law, mayretain all monies received as deposit or otherwise as liquidated damages. Lots not paid for and removed within the time allowedherein may be resold at public or private sale without further notice, and any deficiency, together with all expenses and charges of re-sale, will be charged to the defaulting successful Bidder. 

 

 

 

AUCTIONEER'S RIGHTS AND CONDUCT OF SALE 

 

All matterspertaining to the conduct and administration of the auction shall be governed exclusively by the Auctioneer. The Auctioneer's rulings on all such matters are final and binding upon all participating bidders. The record ofsale kept by the Auctioneer and bookkeeper will be taken as finalin the event of any dispute. 

 

 

 

  

 

 

 

The Auctioneerretains the right, at its sole and absolute discretion, to combine, regroup, subdivide,add or remove lots, and to accept or reject any bid or group of bids for any reason. The Auctioneer reserves the right to alter the order of the sale, withdraw from the sale any of the Lots or parts thereof, or to sell at this sale Lots not listed. The Auctioneer also reserves the right to group one or more Lots into one or more selling Lots or to subdivide into two or more sellingLots, or make any combination thereof which the Auctioneer in its sole discretiondetermines. 

 

 

 

  

 

 

 

The Auctioneer may, at its sole and absolute discretion,elect to offer anyportion or the entirety of available items as a single bulk lot at any point during the auction. Whenever the best interest of the Sellerwill be served, the Auctioneer reserves the right to sell Lots in bulk. 

 

 

 

  

 

 

 

Bidding increments areestablished and controlled exclusively by the Auctioneer. The Auctioneer may reject a nominal or fractionalbid advance in the Auctioneer's sole discretion. TheAuctioneer further reserves the right to bid on any Lot to protect any financial interest or outstanding obligation, at its sole and absolute discretion.On Lots upon which there is a reserve, the Auctioneer shall have the right to bid on behalf of the seller, owner or secured party and shall have no obligation to denote or announce such reserve or bid. 

 

 

 

  

 

 

 

The Auctioneer reserves the right to supplement this auction with assets sourced fromadditional sellers. Such items may appear throughout the sale without separate identification or designation. The Auctioneer is acting as agent only and is not responsible for the acts of its principals. 

 

 

 

  

 

 

 

Auction items and scheduled sales are subject to cancellation at any time and without advance notice. 

 

 

 

DISPUTES BETWEEN BIDDERS 

 

If any dispute arises between two or more Bidders, the Auctioneer may decide the same or put the Lot up for sale again atonce, or resell to the highest Bidder. All determinations, rulings, and adjustments made by the Auctioneer in good faith shall be final, binding, and conclusive upon all Bidders. 

 

 

 

SALE BY ESTIMATED WEIGHT, COUNT OR MEASURE 

 

Where items are sold by estimated weight, count, or measure, the successful Bidder will be invoiced for andrequired to pay for the estimated weight, count, or measure. Ifupon delivery any shortage exists, the successful Bidder will receivea credit at the rate of the bid. If therebe an excess, the successful Bidder willbe required to take and pay for such excess at the rate of the bid. 

 

 

 

ONLINE AND WEBCAST BIDDING 

 

AUCTIONEER DOES NOT WARRANT THAT THE ONLINE OR WEBCAST BIDDING PLATFORM, ANY ASSOCIATED SOFTWARE, OR ANY THIRD-PARTY TOOLS OR SERVICES USED IN CONNECTION WITH THE AUCTION WILL OPERATE IN A TIMELY, SECURE, UNINTERRUPTED OR ERROR-FREE MANNER, NOR THAT ANY DEFECTS WILL BE IDENTIFIED OR REMEDIED. THE AUCTIONEER RESERVES THE RIGHT TO ACCEPT, REJECT OR REMOVE ANY ELECTRONIC BID AT ANY TIME AND FOR ANY REASON, AT ITS ABSOLUTE SOLE DISCRETION. THE BIDDER ACKNOWLEDGES AND AGREES THAT ALL ELECTRONIC BIDS SUBMITTED ARE BINDING, REGARDLESS OF THE ORDER OR TIMING IN WHICH THEY ARE ACCEPTED OR REJECTED. 

 

 

 

RISK TO PERSON AND PROPERTY 

 

Persons attending during exhibition, sale, or removal of Lots assume all risks of damage of or loss to person and property and specifically release the Auctioneer from liability therefore and agree to indemnify and hold the Auctioneer harmless from any loss, claim, liability, cost, or expense caused all or in part by such person(s). Neither the Auctioneer nor its principals shall be liableby reason of any defect in or condition of the premises on which the exhibition, sale, or removal of Lots is held. 

 

 

 

USE OF BIDDER INFORMATION AND MARKETING CONSENT 

 

By registering as a Bidder and/or participating in anyAssetBuilt, LLC auction, the Undersigned expressly consents to and authorizesAssetBuilt, LLC and its affiliates, agents, and marketing partners to collect, store, and use the Bidder's personal and business information — including but not limited to name, company name, contact information, bidding history, purchase history, and transaction data — for the following purposes: 

 

 

 

  

 

 

 

1.  Future business communications, including announcements of upcoming auctions, sales, and events; 

 

 

 

2.  Direct marketing, promotional materials, newsletters, andspecial offers fromAssetBuilt, LLC; 

 

 

 

3.  Social media marketing and advertising, including but not limited to targeted advertising on platforms such as Facebook, Instagram, LinkedIn, YouTube, and other digital platforms; 

 

 

 

4.  Internal business analytics, market research, and statistical reporting for the purpose of improvingAssetBuilt, LLC's services and operations; 

 

 

 

5.  Testimonials, success stories, and promotional case studies (without disclosure of confidential financial details unless separately authorized); 

 

 

 

6.  Third-party marketing partners and service providers engaged byAssetBuilt, LLC in connection with auction marketing and advertising activities; and 

 

 

 

7.  Any other lawful business purposereasonably related toAssetBuilt, LLC's auction and asset liquidation services. 

 

 

 

  

 

 

 

AssetBuilt, LLC will not sellthe Bidder'spersonally identifiable information to unaffiliated third parties for their independent marketing use withoutthe Bidder's separate consent. The Bidder may opt out of non-transactional marketing communications at any time bysubmitting a written request toAssetBuilt, LLC; however, such opt-out will not affect communications necessary to complete or administer any active transaction or auction participation. Participation in the auction constitutes acknowledgment and acceptance of this data use policy. 

 

 

 

GOVERNING LAW ANDJURISDICTION 

 

This Agreement shall be governed by and construedin accordance with the laws of the State of California. The parties agree that any legal action arising from the performance, breach or interpretation of this Agreement shall bevenued in the agreed Forum City and State. In any such proceeding, the prevailing party shall be entitled to recover from the non-prevailing party all reasonable costs and expenses of litigation or arbitration, including attorney's fees, court costs, investigativecosts and all other related expenses. 

 

 

 

FINANCIAL INSTRUMENT AUTHORIZATION 

 

I acknowledge that I have providedAssetBuilt,LLC a signed instrument for which I am the fully authorized signatory, without restriction,in an amount sufficient to satisfy this negotiable obligation upon demand. I authorizeAssetBuilt to obtain my financial information from any necessary source and to complete the instrument asrequired to reflect the full amount of my auction invoice at the time of presentment. I agree to pay all costs of collection, includingattorney's fees, and to pay interest at a rate of18% — or the highest ratepermitted by applicable law — from the date of issuance if the instrument is dishonored by a financial institution. I waive any requirement of formal presentment and agree tosubmit to the exclusivejurisdictionestablished in the executed Auction Bidder's Agreement for any dispute related to this instrument. A credit instrument carries the same legal weight as a personal check.Knowingly issuing or passing a credit instrument against an account with insufficient funds, or with intent to defraud, constitutes a criminal offense and may result in prosecution. 

 

 

 

ENTIRE AGREEMENT 

 

These terms and conditions, together with any amendments or modifications announced by the Auctioneer at the time of sale, constitute the complete and exclusive agreement governing the sale of items at this auction. Noadditional representations, warranties,undertakings or collateral agreements exist beyond those expresslystatedherein. 

 

 

 

ACCEPTANCE OF TERMS — AGREEMENT BY BIDDING 

 

BY REGISTERING TO BID, SUBMITTING A BID, OR OTHERWISE PARTICIPATING IN ANY ASSETBUILT, LLC AUCTION — WHETHER IN PERSON, ONLINE, VIA WEBCAST, BY TELEPHONE, ABSENTEE BID, OR THROUGH ANY OTHER METHOD — THE BIDDER, PERSONALLY AND ON BEHALF OF THEIR COMPANY, CORPORATION OR ENTITY, CONCLUSIVELY AND IRREVOCABLY AGREES TO AND ACCEPTS ALL TERMS AND CONDITIONS SET FORTH IN THIS AGREEMENT IN THEIR ENTIRETY, WITHOUT EXCEPTION OR RESERVATION. 

 

 

 

  

 

 

 

No physical signature isrequired for these Terms and Conditions to be legally binding and enforceable. The act of bidding — regardless of whether a bid is successful — constitutes the Bidder's full and unconditional acceptance of every provisioncontainedherein, including all amendments, modifications, and announcements made by the Auctioneer before or during the auction. This implicit agreement is equally binding upon the individual Bidder and any company, corporation, partnership, or other legal entity on whose behalf the Bidder acts. 

 

 

 

  

 

 

 

The Bidder acknowledges that they have had the opportunity to read and review these Terms and Conditions in full prior to bidding, that they have done so or have voluntarily chosen not to, and that their participation in the auction constitutes conclusive evidence of their agreement to be bound by these Terms and Conditions. Ignorance of any provisionherein shall not constitute a defenseto enforcement. These Terms and Conditions are available at www.assetbuilt.com and at the auction site, and the Auctioneer reserves the right to update or amend them at any time. 

 

The first chapter showcased the engineering, automation, robotics, and production infrastructure that helped build one of North America's most advanced electric vehicle manufacturing operations.
Now, Phase II continues.
AssetBuilt is proud to present the next offering of the former assets of CANOO, ARRIVAL, and various entities—bringing another exceptional selection of late-model manufacturing equipment, industrial automation, material handling systems, production support equipment, MRO assets, testing technology, and facility infrastructure to the global marketplace.
Designed for manufacturers, automotive suppliers, systems integrators, EV producers, aerospace companies, fabricators, machine builders, and industrial investors, Phase II delivers equipment capable of accelerating expansion while avoiding the long lead times and capital costs associated with new equipment.
Whether you're adding capacity, replacing aging machinery, integrating automation, or building an entirely new production operation, this sale offers production-ready assets from a modern manufacturing environment.
Featured Categories

• Industrial Robotics.
• EV Manufacturing Equipment.
• Production & Assembly Systems.
• Automation & Controls.
• Material Handling.
• Plant Infrastructure.
• MRO & Facility Support.
• Engineering & Test Equipment.
• IT & Digital Manufacturing Assets.
• Much More.
Every asset represents another opportunity to extend the life of world-class manufacturing technology while helping manufacturers deploy capital more efficiently. The original facility brought together advanced automation, precision engineering, and next-generation production systems. Today, those assets begin their next chapter.
AssetBuilt
Built for What's Next.