Virginia College Auction Release and Indemnity Document 2/4/2021 Auction

[Special Terms 2/4 Virginia College Auction]

1. Purchaser hereby agrees to defend, indemnify, and hold harmless Seller and

Auctioneer and their shareholders, directors, members, managers, officers, employees, successors,

assigns from any and all claims, causes of action, or liability of any kind resulting from, related to,

or arising out of the Purchased Items, including but not limited to any claims, causes of action, or

liability of any kind, for bodily injury, property damage, physical injury, or any other damage,

resulting from, related to, or arising out of the purchase of the Purchased Items, the removal of or

disconnection of any Purchased Items from the premises.

2. Purchaser hereby acknowledges that the Purchased Items may include items such

as air conditioning units, alarm systems, refrigeration units, heating units, sinks, etc., which may

pose environmental and safety risks if not properly disconnected and removed from the premises.

Purchaser acknowledges and agrees that it is Purchaser’s responsibility to disconnect and remove

the Purchased Items from the premises and Purchaser is liable for any damages sustained by Seller

or Auctioneer resulting from or related to this removal or disconnection. Purchaser hereby agrees

and warrants that it will hire licensed, insured, and qualified contractors to perform any necessary

disconnection and removal of the Purchased Items from the premises.

3. Purchaser hereby acknowledges, agrees, and accepts the Purchased Items “as is,

where is, with any and all faults.” The Purchased Items are being conveyed by Seller and

Auctioneer and accepted by Purchaser without any warranty of any kind as to condition,

operability, safety, or fitness and without regard to the suitability of the Purchased Items for the

use intended by the Purchaser, or any other use, or to the presence of apparent or hidden defects

and with Purchaser’s full and complete waiver of any and all rights for the return of all or any part

of the Purchase Price by the reason of any such defects. Purchaser acknowledges and agrees that

Seller and Auctioneer shall have no liability for, and that Purchaser shall have no recourse against

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