PARKER'S OLD TIME SALE BARN CONDITIONS OF ONLINE PARTICIPATION 1. BIDDER REGISTRATION : A. You must be registered and pre-qualified to bid through our online bidding service provider for this sale as listed on our website WWW.ALANPARKERAUCTIONS.COM and in the sale catalog. During this registration process, you will be asked to provide complete personal information, including telephone, email, credit card information and banking information. ALL INFORMATION MUST BE COMPLETED IN FULL TO PARTICIPATE IN ONLINE BIDDING. B. You must have a security deposit for 100% of the amount you intend to bid up to $15,000.00, pre-approved, on your credit card. For anticipated purchases of over $15,000.00, or for more than your credit card limit, you must contact us by or before 11:00 AM TWO business days before the scheduled auction time, so that we may assist you with banking arrangements. However, ALL prospective online bidders must have a deposit held on their credit card prior to being accepted by the auction company as a registered buyer to bid in this sale. NO FOREIGN CREDIT CARDS WILL BE ACCEPTED. International customers must establish prior payment arrangements before they will be issued a bidders number. If prior arrangements are made with the sale manager, payment for anticipated online purchases may be made prior to the sale by approved check, certified check, travelers checks or bank wire transfer. All such funds will be held in Alan Parker Auctions Escrow Account. Our address and wire transfer information is available by contacting Alan Parker Auctions. C. In the event that a purchase is not made, and your credit card is not charged for a horse purchased, we will release the hold on your credit card by 12:00 NOON the day after the sale. However, the verified funds may be blocked from use for several days by your credit card company according to its release of verified funds policy. In the event that a purchase is not made, and your funds from a check, certified check, travelers check or bank wire transfer are being held in the Alan Parker Auctions Escrow Account, your funds will be released and returned promptly to the sender on the earliest banking day reasonably possible after the sale. 2. INSPECTION OF HORSES: PLEASE PAY SPECIAL ATTENTION TO THIS CONDITION OF SALE!!! I understand and agree that I, as an online bidder, am hereby warned to perform all due diligence examinations of horses prior to bidding as I may deem necessary to back my judgment of horses with my money. I agree that, PRIOR TO BIDDING, I have the right to request information from the seller, inspect the horse, or have a veterinarian or my representative inspect the horse at my expense. In some cases, xrays of horses may be available for viewing by my chosen veterinarian in the repository, which may or may not be available online. Members of the AQHA Professional Horsemen's Association or other qualified horsemen will be in attendance at most sales, and they may be commissioned by me to inspect any horse I may wish to purchase. Veterinarians are also available at all sales to inspect horses. I agree that by placing a bid through online bidding, I have performed sufficient examination of the horse to make the purchase. Once I have placed a bid through the online auction, I specifically waive my right to dispute the purchase of the horse due to any faults or points of conformation or disposition that could have been observed by an examination of the horse. I understand, and agree, that by making a bid on a horse, and if that horse is struck down to me for the amount of that bid by the auctioneer and charged to my online bidders number, that I am entering into a binding, non-negotiable, non-cancellable contract for purchase of that horse AS IS and WHERE IS, with all known and unknown defects, if any, which may concern, but are not limited to, soundness, disposition, training, marketability or usability for any specific purpose. I AGREE THAT WHETHER I EXERCISE DUE DILIGENCE INSPECTIONS OR NOT, WHEN I PURCHASE ONLINE THROUGH THIS AUCTION, ALL SALES ARE FINAL AND AS IS, and I waive all limited rights of return listed in the Conditions of Sale in the catalog. I understand and agree there is only one EXCEPTION TO THIS CONDITION: Any broodmare that is sold as PREGNANT may be examined by a licensed veterinarian after the fall of the hammer AND BEFORE SHE LEAVES THE SALE GROUNDS, AND WITHIN TWO HOURS OF THE CLOSE OF THE SESSION IN WHICH SHE WAS PURCHASED. Any broodmare sold as PREGNANT which is found to be NOT PREGNANT within the time limits described herein may be returned to the seller. With respect to any and all warranties, Alan Parker Auctions, auctioneers, clerks and sales staff do not represent the Buyer or the Consignor, but merely provide a medium for bringing together the Buyer and Consignor for the purpose of sales transactions. Alan Parker Auctions, auctioneers, clerks and sales staff assume no responsibility whatsoever to anyone for blemishes, defects, the physical condition or health of any horse, and make no warranties or representations of any kind in the sale, and SPECIFICALLY WAIVE ALL IMPLIED WARRANTIES OF FITNESS AND MERCHANTABILITY. ALL RESPONSIBILITIES AND GUARANTEES LIE SOLELY BETWEEN BUYER AND CONSIGNOR. 3. ONLINE CONVENIENCE FEE AND BUYERS PREMIUM: I understand that I will be charged an additional online convenience fee Buyer's Premium of 3% (three percent) of the Final Bid Price when purchasing a horse online. This is added to the Buyer's Premium of 3% (three percent) of the Final Bid Price noted in Condition #7 of the Terms and Conditions of Sale in the Catalog. I understand that the TOTAL BUYER'S PREMIUM CHARGED FOR ALL ONLINE PURCHASES USING A CREDIT CARD WILL BE 6% (SIX PERCENT) OF THE TOTAL PURCHASE PRICE. 4. PAYMENT: I understand that by placing the highest bid for a horse on this online auction, that I am hereby granting to Alan Parker Auctions the non-cancellable right to process my credit card immediately for the amount of the purchase. Furthermore, in purchases of more than $15,000.00, I authorize Alan Parker Auctions to secure the other, pre-arranged funds in the Alan Parker Escrow Account as described in Condition #1., above, to complete the payment in full for the horse. The total purchase price shall include the Online Buyer Convenience Fee (3%) , the Buyer's Premium (3%), and any applicable Sales Tax. In addition, Alan Parker Auctions may charge to my account any expenses related to the purchase and care of the horse including, but not limited to: boarding, transportation, veterinary or other expense. Furthermore, I agree that I WILL NOT CONTEST the validity of this purchase through my credit card company which is used for this transaction. 5. I understand that I, as the Buyer, WILL ASSUME ALL RISK AND RESPONSIBILITY for horses purchased at the fall of the hammer, and that I must have arrangements for transportation and board for any horse(s) purchased. Furthermore, I authorize Alan Parker Auctions to process my credit card for any expenses related to the purchase and care of the horse. 6. Horses are offered for sale in accordance to the laws of the state in which the sale is held. The highest bidder will be the buyer. By making the highest bid online, the buyer acknowledges that he/she has purchased that horse, and accepts full responsibility for that horse and agrees to make prompt settlement for that horse (#4). 7. All Registration Papers will be withheld by the Sales Management until all the appropriate funds for payment of the horse have been verified and have cleared the drawee's bank or otherwise become unconditional credit of payment of account. Upon payment in full, all original registration certificates and transfer papers will be forwarded by Auctioneer directly to the proper breed association for transfer of registration into the Buyer's name. 8. Every effort has been made to insure correctness of the catalog; however, Alan Parker Auctions, Auctioneers and Sales Staff will not assume and will not accept any responsibility for errors or omissions. 9. DISPUTES: I agree that I waive my right to dispute this purchase through the credit card company which issued the card used for the purchase of the horse. I agree that if I make a claim of misrepresentation or fraud against the seller, I will submit information to support my claim to Alan Parker Auctions in writing. These claims will be investigated, and a fair solution will be sought between buyer and seller, with the Auction Company acting only as a mediator. If the matter is not resolved by the recommendation of Alan Parker Auctions, then the buyer and seller waive the right to litigate the issue and agree to submit to BINDING ARBITRATION, with the losing side paying for this service. This BINDING ARBITRATION will be held in Hillsborough County, Florida. In any procedures arising out of, regarding or related to this Agreement, the party found to be at fault shall pay to Alan Parker Auctions, all costs, expenses and attorney's fees incurred by Alan Parker Auctions having to do with the dispute. Any parties to the sale may bring no action, regardless of form, including arbitration, more than one year after the cause of action has accrued. Should either party fail or refuse to cooperate upon a demand for arbitration, the non-cooperative party shall automatically be declared the defaulting party by the arbitrator. In no way will Alan Parker Auctions, nor any of its principles, employees, contractors or anyone else in the service of, or in any way connected to the auction company, be held liable in any way for the eventual outcome of such BINDING ARBITRATION. 10. I, as Buyer, hereby waive my right to a trial by jury pertaining to any matters in any way connected to, or resulting from, my purchase of a horse though this online auction. 11. I AGREE THAT THE ACT OF APPLYING FOR A BUYERS NUMBER AND PLACING A BID ON A HORSE IN THIS AUCTION CERTIFIES THE FACT THAT I HAVE READ, UNDERSTAND AND AGREE WITH THE TERMS AND CONDITIONS STATED HEREIN.