1. INSPECTION. Bidders are invited, urged and cautioned to inspect the personal property being sold prior to submitting a bid. The personal property will be available for inspection at the place specified above. In no case will failure to inspect constitute grounds for the withdrawal of a bid after opening.

2. CONDITION OF PROPERTY. All personal property listed is offered for sale "AS IS” and “WHERE IS". The Olympic Authority does not in any way warrant the fitness of the personal property for any particular use or its merchantability and disclaims any other representations or warranties, express or implied, including, but not limited to, quality, character, performance or condition of the personal property or any of its component parts, assemblies, or accessories.

3. CONSIDERATION OF BIDS. Bids must be submitted in writing on the form provided by the Olympic Authority and shall be submitted on individual Lots listed. The Olympic Authority reserves the right to reject any and all bids, to waive technical defects in bids and to award sale of the items as may be in the best interest of the Olympic Authority.

4. PAYMENT. The Purchaser agrees to pay for the awarded personal property in accordance with the prices quoted in their bid. Payment of the full purchase price must be made within the time allowed for removal, and prior to the release of any personal property to the Purchaser.

5. NEW YORK STATE SALES AND COMPENSATING USE TAX. All sales will be subject to New York State Sales and Compensating Use Tax unless the Purchaser furnishes the Olympic Authority with an exemption certificate.