IronPlanet-How It Works

www.ironplanet.com
Auctions you can trust
Sell with confidence.

How our auctions work
IronPlanet is the world’s leading online auction company for buying and selling used
construction and agricultural equipment. Unlike other auction companies, our
equipment is Inspected & Guaranteed. Our convenient, reliable, and easy-to-use
auction approach minimizes hassles and maximizes both buyer and seller satisfaction.
Here’s how our Featured Auctions work:
A seller consigns equipment to an IronPlanet auction for lower commission and cost. The seller
then preps the equipment (if they choose) at own location, and makes the equipment available
for inspection.
IronPlanet sends an inspector to their yard, and thoroughly inspects
the equipment at the seller’s location. IronPlanet publishes the
inspection report on IronPlanet.com and markets the equipment to
targeted prospective buyers around the world.
Buyers review the inspection reports online and can place PriorityBids before auction day.
IronPlanet’s ringmen solicit bids from interested bidders during the weeks leading to auction
day and on the day of the auction. The buyer places bids online, and on auction day, the highest
bidder wins the auction.
After the auction, IronPlanet connects buyers with transportation and finance companies.
The buyer pays into a secure account. IronPlanet confirms payment, and the
seller releases the equipment to the buyer’s transportation
company. The buyer accepts delivery of the equipment
while the seller receives payment.
Looking to buy?
In addition to being a simple, convenient, and hassle-free way to buy used equipment at auction,
buyers can bid with confidence knowing the equipment they’re interested in has been inspected
and there will be no surprises. Start your search for your next piece of used equipment – browse
by auction date, type, or make.
Need to sell?
IronPlanet enables sellers to turn their used equipment into cash faster – as quick as four to six
weeks — and do it more profitably, with lower commissions and costs. Contact your local sales
representative at 888-433-5426.
www.ironplanet.com | 1-888-433-5426

Inspections
Most of the items auctioned by IronPlanet have been given a full and detailed inspection
to assess the items’ true condition. The findings from each inspection are presented
free of charge for you to review before bidding on the equipment.
We guarantee to you that this inspection report is a fair representation of the equipment in its
true condition.
IronPlanet’s team of over 350 professional inspectors average more than 23 years of heavy
equipment experience, and follow a standardized, reliable and consistent method of evaluation.
This means if you are looking at two 416C backhoe loaders, they will both have been inspected
to the same technical standards.
The reports include ratings and comments for key systems & components, functional test results
and 15-25 photographs. In addition, on applicable equipment more than one year old, the
inspection reports include laboratory analysis of oil and fluids in major components and systems
for contaminants and wear metals.
Know how to inspect equipment?
Join our network of trained equipment inspectors. We’re hiring!

Fees & commissions
Selling through IronPlanet makes financial sense, too
1 A worldwide audience and our IronClad Assurance generate great prices
2 Our low overhead is passed on to you as lower fees and commissions
3 No transportation costs, or added preparation costs
Commissions
For each sale in a Featured Auction or Owner Auction, IronPlanet shall deduct from the payments
made to the seller a commission fee (the “Commission Fee”) as set forth in the table below.
Contact your local IronPlanet sales representative for more information. All commissions will
be charged and shall be paid in U.S. dollars. The seller’s commission will be deducted from the
Final Selling Price upon completion of the sale
Listing Fees
For each piece of Equipment the seller lists, the seller agrees to pay to IronPlanet a listing fee
(“Listing Fee”) in accordance with the Listing Fee schedule below. The Listing Fee covers, among
other costs, the cost of the Equipment inspection.
Multiple-Piece Rate (Inspected Equipment)
If a seller has 2 or more pieces at the same physical location (physical address) the per
piece listing rate for most equipment will vary from $200 to $750 depending on size and
complexity of each piece. Please contact IronPlanet Customer Care at 888-433-5426, for
any additional information.
Single Piece Rate (Inspected Equipment)
If a seller only has a single piece at a given physical location, the rate will be approximately 1.5
times the multiple-piece rate.

Fees & commissions continued
Smaller Pieces (Inspected Equipment)
IronPlanet may quote listing fees for smaller equipment requested to be inspected, e.g., light
towers, generators, air compressors on a case-by-case basis. Any special rates must be
agreed upon in writing before a signed listing contract is submitted, or the regular single and
multiple-piece rates listed above will apply
Uninspected Equipment (Photos and documentation of basic functionality)
$175 per piece of equipment when multiple pieces are at the same location; $270 for a single
piece at a location.
Non-Powered Tools and Attachments (Photos only, no Inspection)
$70 per item when multiple items are at the same location; $105 for a single item at a location.
The Listing Fee for equipment located outside of the continental United States will be determined
by IronPlanet on a case-by-case basis. IronPlanet also reserves the right to determine the exact
Listing Fee for any piece of equipment on a case-by-case.
Featured Auction listings
IronPlanet will deduct the Listing Fee cost from the proceeds arising from the sale of your
equipment through IronPlanet; if your piece in auction does not sell, you will be billed for the
Listing Fee at the close of the auction. If the unsold item is re-listed in a future auction, the
listing fee will not be billed until the item is sold or cancelled.
Owner Auction listings
You must pay this non-refundable Listing Fee prior to the first Owner Auction period for the
equipment. The Listing Fees below apply only to equipment located in the continental United
States during the time of inspection.

Other fees & penalties
On-Road Title Transfer Processing Fee
A fee of $25 will be assessed on each unit of equipment where ownership of the Equipment
or any part thereof is capable of being or required to be registered, including but not limited to
on-road vehicle or trailer DMV title processing. In the event of title errors or a lost title, the seller
is responsible for all expenses related to providing the buyer a title that can be registered in their
state. For Featured Auction listings, IronPlanet will deduct this fee from the proceeds arising
from the sale of your equipment through IronPlanet. For Owner Auction listings, you must pay
this non-refundable fee prior to the first Owner Auction period for the equipment.
Ownership Verification and Lien Search Fee
A fee of $35 may be assessed on each unit of equipment for lien searches to verify clear title
and ownership to buyer and for processing outstanding lien balances. For Featured Auction
listings, IronPlanet will deduct this fee from the proceeds arising from the sale of your
equipment through IronPlanet. For Owner Auction listings, you must pay this non-refundable
fee prior to the first Owner Auction period for the equipment.
Reinspection Fee
If at any time prior to or during the auction, Equipment which has been inspected by IronPlanet
is altered or modified in any way which might affect the accuracy of the Listing Details (including
without limitation the Inspection Report), in order to proceed with an auction you agree to pay to
IronPlanet a reinspection fee approximately equal to three hundred and fifty dollars (US$350.00)
(the “Reinspection Fee”). IronPlanet reserves the right to determine the exact amount of the
Reinspection Fee for any Equipment requiring reinspection.
Removal Penalty Prior to Owner Auction Close – Reserve not met
If, for any reason, the seller withdraws a piece of Equipment listed in an Owner Auction from the
IronPlanet Site after the time of Equipment Listing but before either the reserve is met or the
auction closes, the seller agrees to pay IronPlanet a removal fee equivalent to the greater of
(i) 2% of the Reserve Price (as set by the seller) or (ii) $50 (“Removal Penalty Prior to Owner
Auction Close”). If, for any reason prior to the auction close, IronPlanet removes Equipment from
an Owner Auction due to seller’s violation of the Auction Consignment Agreement, the seller
agrees to pay Ironplanet the Removal Penalty Prior to Owner Auction Close.

Removal Penalty Prior to Owner Auction Close – Reserve met
If, for any reason, the seller withdraws a piece of Equipment (or causes IronPlanet to withdraw
their equipment in violation of the Seller Consignment Auction Agreement) listed in an Owner
Auction after the Seller Reserve Price is met, the seller agrees to pay IronPlanet a Default
Penalty (“Seller Default Penalty”) equivalent to the Commission Fee of the winning auction
closing price as if the Equipment were sold, as well as the Listing Fee.
Removal Penalty Prior to Featured Auction Close
If, for any reason not previously approved by IronPlanet, the seller withdraws a piece of
Equipment listed in a Featured Auction from the IronPlanet Site after the time of Equipment
Listing but before the auction closes, the seller agrees to pay IronPlanet a removal fee equivalent
to the Listing Fee plus 25% of the greater of (i) the opening bid (as set by IronPlanet) or (ii) the
highest bid submitted on the Equipment to the IronPlanet site (“Removal Penalty Prior to
Featured Auction Close”). If, for any reason prior to the auction close, IronPlanet removes
Equipment from a Featured Auction due to the seller’s violation of the Auction Consignment
Agreement, the seller agrees to pay IronPlanet the Removal Penalty Prior to Featured
Auction Close.
Unauthorized Equipment Use Penalty
If, for any reason, the seller operates, leases, rents, modifies, uses or allows Equipment sold in
an IronPlanet auction to be altered at any point between the time of Equipment Listing and
buyer removal of the Equipment from the seller’s location, the seller agrees to pay IronPlanet
an unauthorized use fee equivalent to the Commission Fee of the final sale price as if the
Equipment were sold, as well as any unpaid Listing Fee (“Unauthorized Equipment Use Penalty”).
In addition, if the equipment has been delivered to the buyer, the seller also will be responsible
for any and all transportation and freight costs associated with the delivery of the equipment to
the buyer’s location and the removal of the equipment from the buyer’s location. In either case,
title and/or ownership will not transfer to the buyer and the seller shall not receive any of the
proceeds associated with the sale.
Other fees & penalties continued

Post-Auction Delay Penalty
If, for any reason, after IronPlanet has notified the Seller of receipt of full payment from the Buyer
and at least one (1) business day after the close of an auction, the Seller either does not have
their equipment in a “ready” condition for transport or delays the release of their equipment to
the Buyer’s scheduled common carrier or other Buyer conveyance, the Seller shall be respon-
sible for full payment of any additional expenses incurred by the Buyer and/or IronPlanet due
to Seller delay (“Post-Auction Delay Penalty”). These expenses may include, but are not limited
to, transportation cancellation or re-scheduling fees, transportation delay fees, and hourly or
daily average rental cost of equivalent replacement equipment for the buyer, including loading,
unloading and transportation costs. IronPlanet may assess the Post-Auction Delay Penalty at
its discretion. These additional expenses will be deducted from the proceeds of sale after Buyer
acceptance, but prior to transferring payment to the Seller.
Seller Default Penalty
If, for any reason, the seller fails to release Equipment sold in an IronPlanet auction to the
Buyer’s scheduled common carrier or other Buyer conveyance, or if the seller is incapable of
releasing the Equipment, the Seller agrees to pay to IronPlanet a Default Penalty (“Seller Default
Penalty”) equivalent to 25% of the winning auction closing price as if the Equipment were sold,
as well as the Listing Fee and any costs incurred by the buyer and validated by IronPlanet.
Shill Bidding Penalty
If IronPlanet determines that a seller or someone associated with a seller has bid on that seller’s
own item, shill bidding penalties will be assessed against the seller. IronPlanet will ban the seller
from future use of IronPlanet websites, IronPlanet will cancel the involved transaction(s) and the
seller will be charged the full Seller Default Penalty of 25% of the equipment final auction price.
Other fees & penalties continued

Sale, Transfer & Payment
IronPlanet walks you through every step of the selling cycle including Post-auction
transfer of title and payment.
1 We collect payment – After the auction, the buyer places funds into a secure
account managed by us for this transaction. We will notify you once 100% of the
funds required have been deposited.
2 You release the equipment – Once the funds from the buyer are deposited, you
can release the equipment for shipment. Once the buyer accepts delivery of the
equipment, IronPlanet will authorize the release of funds to you, the seller, less any
commissions, within two business days.
FAQ – For Titled Vehichles
Q. Who do I send the title to?
A. Once you’ve signed the equipment consignment agreement, you will need to send us the title
for the equipment if it has one. If your original vehicle title is not at IronPlanet prior to auction
your equipment cannot be sold. As the seller you should sign off the seller portion of the
vehicle title. After auction, IronPlanet will complete the buyer information. (Don’t complete the
new buyer section of the title as IronPlanet.)
Q. I don’t want to sign my title prior to forwarding it to IronPlanet, do I have another
alternative?
A. Yes, you can provide us with an unsigned title and a notarized Power of Attorney form.
This notarized form authorizes IronPlanet to sign the title for the seller after the equipment
is auctioned.
Q. I’m selling multiple pieces of equipment, can I send you one notarized Power of
Attorney form the covers all my equipment?
A. No, the Power of Attorney form must be equipment specific one form for each piece of
equipment you are selling.
Q. I don’t have a title for my vehicle can I still sell it through IronPlanet’s auction?
A. No. Title eligible equipment must have either a transferable title or Manufactures Statement
of Origin (MSO) to be sold through IronPlanet

Preparing your equipment
for an IronPlanet inspection
To ensure the best presentation of your equipment, sellers should complete the
preparation steps below PRIOR to the inspection.
1. Make sure the equipment is on the designated inspection site with adequate room to be operated.
2. Make sure the keys are available and that the equipment can be started.
3. Make sure the Point of Contact (Operator) knows what is to be inspected and can operate
the equipment.
4. Make sure all attachments and accessories to be sold with the equipment are in the same
location as the equipment and are ready for inspection.
5. Make sure all fluid levels are topped-off and at the appropriate levels.
6. Clean the equipment in order for the inspector to examine the entire unit completely and
take photos.
a. Wash the machine; remove mud from the undercarriage, gooseneck, linkage and
any other areas where cracking or wear can be seen.
b. Clean the engine compartment.
c. Clean the operator’s station.
d. Remove old rags, trash, and empty containers.
7. The equipment should have a working hour meter:
• If the equipment does not have a working hour meter and the equipment is sold
through IronPlanet, you may be subject to a re-inspection fee to verify the machine
condition has not changed since it was first inspected.
• A functioning hour meter also makes it possible to add a warranty to the equipment,
which may increase the selling price of the machine.
8. Perform any desired maintenance or repairs, for example: paint and apply new decals,
fix leaks, and repair any broken or worn parts.
9. Prepare a copy of any maintenance records and major repairs performed, if available,
and provide a copy to your IronPlanet Sales Representative.
10. Prepare a copy of EPA engine certification data, if required/available, and provide these
copies to the inspector at the time of inspection.

Inspection rates
The Matrix prices are for multi-unit inspection missions (multiple units at same location). Pricing
for single unit inspections is 150% of the multi-unit rate, but subject to a minimum charge of
$270 per trip.
Pricing for “Photos Only” listings that post only the photos, description and significant features
but provide no condition report and no IronClad Assurance is $70 each for multi-unit packages.
“Photos Only” listings may realize additional value through the addition of very basic functionality
observations. Our “Photos Functionality” condition reporting is priced at $175 for multiple
units. IronClad Assurance is not provided.
Example of “Photos Functionality” Condition Reporting:
1997 Ford F150 – “Engine runs, Transmission is bad”
For those trips when an inspector experiences an excessive delay due to equipment not being
immediately available for inspection (e.g. the unit cannot be located by the POC, the equipment
is under repair, etc.), the trip is subject to an additional “wait time” fee of $50 per hour.
Situations that require another trip to complete an inspection due to equipment availability
issues will be subject to a reinspection fee equal to 80% of the original inspection fee.
Pricing factors include consideration for travel cost, complexity of inspection, fluid analysis,
photography, administration, and report processing.

Aerial Work Platforms
Boom lift 50' $200
Boom lift 50' above $300
Scissor Lift Electric $200
Scissor Lift Fueled $300
AWP- other one man lifts $200
Walk-Behind Lift $200
Aggregate
Conveyor $200
Crusher (w/o carrier) $200
Crushing Plant $750
Hopper $175
Pugmill Blending Machine $500
Screen $200
Screen Plant $500
Stacker $200
Ag Plant/Plant Components P.O.R.
Operational Inspection
Air Compressors
Compressor 400CFM $200
Compressor 400 CFM above $300
Sand Blast Rig $200
Shop Air 10HP $175
Asphalt/Paving/Concrete
Chip Spreader $300
Cold Planer 100HP $300
Cold Planer 100HP above $750
Concrete Buggy $200
Concrete Mixer: 10HP $200
Concrete Plant / Asphalt Plant P.O.R
Concrete Pump $200
Concrete Pump Trailer $300
Concrete Pump Truck $500
Curb Gutter Machine 100HP $300
Curb Gutter Machine 100HP Above $500
Distributor $300
Finisher $300
Forms $200
Grout Mixer $200
Asphalt/Paving/Concrete continued
Grout Pump $200
Material Transfer Device/Shuttle Buggy $500
Paver $500
Portable Concrete Mixer $200
Power Trowel $175
Power Trowel Ride-On $200
Rebar Bender $200
Screed, Broom, Rebar Placer $500
Slip Form Paver $750
Spreader Box $175
Stabilizer/mixer $500
Tar Kettle $175
Walk Behind – Concrete Saw $200
Widener $500
Windrow Elevator $300
Attachments and Parts
All-Non Powered $70
(Assumes Photos Only Inspections)
Buckets, Rakes, Forks, Etc
All Powered $200
(Fueled or Hydraulic)
Brooms, Mills Augers, Hammers, Etc
Automobiles
Automobile (car) $200
Passenger Van $200
Backhoe Loaders
Loader Backhoe $400
Mini Backhoe $300
Bore/Trench/Drill Equipment
Bedding Rock Box $175
Bucket wheeled Trencher $500
Cable Plow 100HP $300
Cable Plow 100HP Up $500
Directional Boring Machine $500
Drill $300
Drill 0-3AirTrac,Test Hole,Well Rigs $500
Drill 3 above,Track orTruck Mounted $500
Equipment Type Multi-Unit Rate Equipment Type Multi-Unit Rate
Updated as of February 1, 2009

Bore/Trench/Drill Equipment continued
Foundation Auger- Large Track Mtd. $750
Kelly Bar Rig Only $300
Mud Mixing System $200
Rock Drill $500
Rock Saw 100HP $400
Rock Saw 100HP Above $500
Shoring Box $175
Trencher $400
Trencher-Walk Behind $200
Underground Boring Tool $200
Vacuum System $200
Brooms Sweepers
Broom $300
Sweeper $400
Twin Engine Sweeper $500
Compactors
Vibratory Compactor
Double Drum Asphalt 48 $300
Double Drum Asphalt 48 above $500
Single Drum Soil $500
Padfoot 48 $300
Padfoot 48 above $500
Walk Behind Compactor $200
Static
Double Drum Asphalt 48 $300
Double Drum Asphalt 48 above $300
Padfoot Powered $400
Landfill Compactor $500
Pull Type $175
Pneumatic
Powered $300
Trench Compactor $300
Jumping Jack Tamp $175
Vibratory Plate $175
Cranes
12 Ton $400
12 to 39 Ton $500
40 to 59 Ton $750
60 -150 Ton $750
P.O.R.
Overhead Crane $400
Dozers
Pipelayer $500
Track Dozer: 100 HP (D5 Under) $400
Track Dozer: 100 HP to 500HP $500
Track Dozer: 500 HP $750
Wheel Dozer: To 500HP $500
Wheel Dozer: 500 HP $750
Excavators
Front Shovel $750
Mini Excavator $300
Track Excavator: 70 Metric ton $500
Track Excavator 70 Metric ton above $750
Wheel Excavator $500
Farm Equipment
Baler $300
Combine $500
Farm Tractor – Non-Articulated $200
Farm Tractor – Articulated $400
Rubber Track Tractor $400
Seeder $300
Tillage Implement $200
Windrower $300
Forestry
Chipper 3 $200
Chipper 3 above $200
Delimber $500
Feller Buncher – Track $500
Feller Buncher – Wheeled $500
Harvester – Tracked $500
Harvester – Wheeled $500
Horizontal Grinder $750
Log Forwarder $500
Log Loader $400
Mulch Blower $200
Mulcher $200
Portable Sawmill $200
Skidder $400

Forestry continued
Stump Cutter $300
Swing Machine $500
Tub Grinder $750
Yarder $500
Saw-Boom MTD RT Right-of-way $500
Forklifts
Pallet Jack $175
Telehandler $500
Warehouse Electric $200
Warehouse Fueled $200
Yard lift 10,000 LB $400
Yard lift 10,000 LB Up $500
Generators
Generator 8 KW $175
Generator 8 KW – 99KW $300
Generator 100KW – 299KW $300
Generator 300KW above $300
Golf Cart
Golf Cart, Industrial Cart $200
Graders
Motor Grader $500
Light Towers $200
Loaders
Landscape Loader / Skip Loader $300
Tool Carrier $400
Track Loader 7CY (CAT 980) $400
Track Loader 7CY above $500
Wheel Loader 7CY (CAT 980) $400
Wheel Loader 7CY above $500
Mining
Dragline P.O.R.
Motorcycles
Motorcycle $200
Office Trailer
Office Trailer $200
On-Road Trailers
Bulk Trailer w/Pneumatic System $400
Bulk Trailer w/Pneumatic System –
With Safety Compliance Check $500
Dump Trailer (Rear Bottom) $300
Dump Trailer (Rear Bottom) –
Equipment Trailer $200
Equipment Trailer –
Flatbed Trailer $200
Flatbed Trailer –
Low Boy Trailer: Single tandem axle $200
Low Boy Trailer: Single tandem axle –
Low Boy Trailer: 3 axle $300
Low Boy Trailer: 3 axle –
Low Boy Trailer: 4-5 axle $400
Low Boy Trailer: 4-5 axle –
Reefer Trailer $300
Reefer Trailer –
Specialty Trailer: 5 axle $400
Specialty Trailer: 5 axle –
Tag Along Trailer 10 Ton $200
Tag Along Trailer 10 Ton -
Tanker Trailer $300
Tanker Trailer –
Utility 10 ton $200
Utility 10 ton –
Van Trailer $200
Van Trailer –
Pumps
Pump Electric $175
Pump Fueled 4 $200
Pump Fueled 4-8 $200

Pumps continued
Pump Fueled 8 $200
Pump Hydraulic Submersible $200
Recycling Equipment
Baler $200
Grinder / Shredder $750
Scrapers
Motor Scraper – Twin Engine $750
Motor Scraper – Elevating $750
Motor Scraper – Single Engine $500
Pull Scraper $300
Pull Scraper Rig w Tractor $750
Water Wagon $500
Skid-Steers
Multi-Terrain Loader $300
Skid-Steer Loader $200
Tires/Wheels
Tires $70
Tools (pallet-sized lots encouraged)
Saws, Drills, Jacks, Etc,
w/o Functional Test $70
Saws, Drills, Etc, w/ Functional Test $175
Misc Tools/Equipment 8HP
w/ Functional Test $175
Traffic Control
Arrow Board $175
Barrier $175
Message Board $175
Radar Speed Sign $175
Traffic Signal $175
Trucks – Off-Road
Articulated Dump Truck $500
Off-Road End Dump 50 Ton $500
Off-Road End Dump 50 Ton and Up $750
Track Truck $500
Water Truck $300
Water Wagon 5000 gal $500
Trucks – On-Road
Boom Truck-Single Axle $300
Boom Truck-Tandem Axle $500
Bucket truck $300
Bus $300
Cab and Chassis $300
Digger Derrick $500
Mixer Truck $500
Dump Truck – Single or Tandem axle $300
Dump Truck: 2 Rear Axle $500
Flat Bed Truck $300
Fuel / Lube w/ reels pumps $300
Garbage Collection Truck $500
Highway Tractor $300
Motor Home $300
Pickup $200
Rollback Truck $300
Service Truck $300
Snow Plow Truck $300
Stake Truck $300
SUV $300
Vacuum Truck (Super Sucker) $500
Van $300
Water Truck $300
Winch truck $300
Welders
Specialty Welding Units $200
Welders – Electric $200
Welders – Electric Multi Arc $200
Welders – Fueled $200

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