MAJOR SALE OF FARM EQUIPMENT

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1 MAJOR SALE OF FARM EQUIPMENT SATURDAY, 26 TH JANUARY 11.00AM At Aldford Hall Farm, Aldford, Chester, CH3 6HJ On behalf of Grosvenor Farms Ltd Link to I Bidder Catalogue Auctioneer in charge: Simon Lamb

2 AUCTIONEERS FOREWORD: Wright Marshall are pleased to have received instructions from Grosvenor Farms Ltd to conduct this very important sale of surplus farm machinery and equipment at Aldford Hall Farm, Aldford, Chester. VIEWING & INSPECTION: Viewing of all the lots will be held on Friday 25 th January, between the hours of 10pm and 4pm. All other times are strictly by prior appointment with Simon Lamb. Tel or Charlie Steer (Arable Manager at Grosvenor Farms Ltd) Tel DIRECTIONS: ALDFORD HALL FARM: Is accessible off the B5130. TO THE SALE signs will be on display. (See map at the back of the catalogue for further details) VALUE ADDED TAX IS APPLICABLE TO THIS SALE TERMS: 1. All Lots will be sold in ( ) Pounds Sterling and settlement IN FULL is due immediately at the close of Sale. 2. In order to comply with money laundering regulations, Wright Marshall have adopted a policy of not accepting cash payments of 10,000 or greater. 3. NO items may be removed from the Sale Premises until Payment has been made. CHEQUES must be cleared before removal of items. 4. Buyers Unknown to the Auctioneers will have to provide suitable proof of identification or a Bankers Credit Reference before bidding on any item in the Sale. 5. Responsibility for each item is with the purchaser at the fall of the hammer. 6. Please observe the Sale of Goods Act at the rear of the catalogue. 7. CREDIT and DEBIT CARD FACILITIES are available at this Sale. 8. The Vendors are registered for VAT and it will be charged on all appropriate lots. The Vendors VAT number is RICS CLIENT MONEY PROTECTION SCHEME: All financial transactions within this market are conducted with the Auctioneers acting as Principal. Sale proceeds are not paid into a client bank account and, consequently, the RICS Client Money Protection Scheme (CMPS) will not apply to protect the Vendor. LIGHT SNACKS & REFRESHMENTS will be available throughout the Sale. AUCTIONEERS CONTACT DETAILS: Simon Lamb Mob: PHONE & COMMISSION BIDS: Can be arranged by contacting the Auctioneers up to 10am on the day of sale with appropriate details. CLEARANCE OF LOTS: All lots removed by Friday 31 st January.

3 CATALOGUE OF SALE Lot Description GATES 1 2 x 14ft Gates 2 2 x 14ft Gates 3 2 x 16ft Gates 4 16ft Gate 5 2 x 13ft Gates 6 13ft Gate 7 14ft Gate 8 14ft Gate 9 11ft Gate & 11.5ft Gate 10 2 x 12ft Gates 11 2 x 12ft Gates ft Gate 13 2 x 9ft Gates 14 9ft Gate & 9.5ft Gate 15 7ft Gate & 7.5ft Gate 16 2 x 10ft Gates 17 2 x 8ft Gates 18 2 x 8ft Gates 19 2 x 9ft Gates ft Gate 21 8ft Gate 22 9ft Gate 23 8ft Gate 24 14ft Gate & 12ft Gate 25 2 x 6ft Gates ft Gate & 3.8ft Gate 27 2 x 10ft Gates 28 25ft Gate 29 Bull Pen Gate Inc. Yoke 30 Bull Pen Gate Inc. Yoke 31 Complete Bull Pen 32 Quantity of Gates 33 4 x 12ft Wooden Gates 34 Large Qty of Head Rail Pipes

4 MISCELLANEOUS ITEMS 35 Vicon Acrobat 36 Bale Elevator 91 Stainless Steel 8ft Tip Over Water Trough (New) 92 Stainless Steel 8ft Tip Over Water Trough (New) 93 Stainless Steel 8ft Tip Over Water Trough (New) 94 Stainless Steel 8ft Tip Over Water Trough (New) 95 Stainless Steel 8ft Tip Over Water Trough (New) 96 Stainless Steel 8ft Tip Over Water Trough (New) 97 Stainless Steel 8ft Tip Over Water Trough (New) 98 Steel Water Tank (Approx. 15,000 ltrs) 99 Steel Water Tank (Approx. 20,000 ltrs) 100 Plastic Fuel Tank 101 Plastic Fuel Tank 102 Plastic Fuel Tank Cover 103 Fibre Glass Tank 104 Fibre Glass Tank 105 Quantity Water Pipe (63mm) 106 Quantity Water Pipe (Size Unknown) 107 Quantity Water Pipe (63mm) 108 Quantity Water Pipe (Various Sizes) x Super Comfort Cubicles x Super Comfort Cubicles x Wooden Railway Sleepers x Wooden Railway Sleepers 113 Galvanised Water Trough 114 Galvanised Water Trough 115 Galvanised Water Trough 116 Galvanised Water Trough 117 Cattle Feed Bunker 118 Molasses Tank 119 Molasses Tank Stand 120 Galvanised Water Trough 121 Trolley on Wheels 122 Concrete Water Trough 123 Galv. Standing Corn Trough

5 124 Galvanised Corn Trough 125 Misc. Inc. Fan & Space Heater 126 Grain Elevator Shoots 127 Hardi Crop Sprayer x New Holland Leaf Weights & 8 x Ford Leaf Weights (40kg) x Ford Leaf Weights (40kg) x Wheel Weights x Pallet Fork Sets 132 Misc. 133 Misc x Ford Leaf Weights (40kg) 135 Quantity of Ladders 136 Galvanised Water Trough 137 Weight Frames 138 Tokheim Fuel Pump 139 Roller Shutter Door 140 Newworld Cooker 141 Much Wenlock Log Burner 142 Titan Fuel Tank 143 Disabled Access Ramp 144 Quantity of Fire Surrounds 145 Rayburn 146 Stillage 147 Stillage 148 Stillage 149 Stillage 150 Pedestrian Sprayer 151 Quantity of Irrigation Spares x Loadall Seats 153 New Holland Combine CR Series Crop Dividers 154 New Holland Combine Crop Dividers & Side Knife 155 John Deere Combine Crop Dividers 156 Quantity of Hydraulic Rams 157 Misc. 158 Simba Disc Spares 159 Kuhn Mower Spares & Parts 160 Claas Forager Knives 161 Quantity of Bucket Brush Spares

6 162 Kuhn Aerospreader Spares 163 Quantity of Irrigation Spares 164 Quantity of Irrigation Spares 165 Quantity of Irrigation & Primer Spares x Rainguns x Rainguns x Rainguns 169 Quantity of Irrigation & Pumping Spares 170 Misc. 171 SIL Wireless Pump Controller 172 John Deere Transmission Casing 173 Misc. 174 Quantity of Bucket Brush Spares 175 Pillar Drill 176 Misc. Inc. Spring Tines 177 Quantity of Irrigation Spares 178 Quantity of Spares 179 Quantity of Used Tractor Seats 180 Large Quantity of RANSOMES Plough Parts 181 Large Quantity of DOWDESWELL Plough Parts 182 Misc. 183 Quantity of Small Engines & Pumps 184 John Deere Pick-up Hitch Parts 185 Large Selection of Unused Filters 186 Misc. 187 Quantity of BAUER Irrigation Parts 188 Quantity of Potato Harvester Parts 189 Quantity of Discs 190 GASPARDO Microgranulatore Kit (AS NEW) 191 Kemper Header Parts 192 Volvo Loading Shovel Parts 193 WALTHAMBURY Potato Bagging Machine 194 WALTHAMBURY Potato Bagging Machine 195 JCB Tool Carrier Brackets

7 WHEELS & TYRES 200 GOODYEAR 15.5/ MICHELIN 540/65 R MICHELIN GOODYEAR TYRE 204 MICHELIN 20.8 R STOMIL 16/ x MICHELIN 16.9 R PETLAS 13.6 R x GOODYEAR 38 x x Wheel Rims x Wheel Rims 211 MICHELIN 440/70 R x KLEBER 11.2 R 32 & 2 x KLEBER 230/95 R 44 ROW CROPS 213 GOODYEAR R x JOHN DEERE Rims x GOODYEAR 18.4 R 38 Dual Wheels x CONTINENTAL 520/85 R 38 Dual Wheels x CONTINENTAL R x W & T x W & T x 10 Stud Wheel Rims R 38 Tyre 222 GOODYEAR 420/85 R GOODYEAR 16.9 R GOODYEAR 16.9 R x Wheel Rims 226 Misc x Wheel Rims x PIRELLI 18.4 R Quantity of Tyres x Tyres 231 Quantity of Tyres x NOKIA 600/ Front Floatation Tyres x GOODYEAR 66 x Rear Floatation Tyres

8 234 2 x 650/65 R PIRELLI 16.9 R x PIRELLI 650/65 R x GOODYEAR 16.9 R Tyre 239 TRELLEBORG 620/75 R GOODYEAR 750/50 R x Floatation Tyres x FIRESTONE 460/70 R x FIRESTONE 460/70 R x FIRESTONE 460/70 R x CONTINENTAL 380/85 R x CONTINENTAL 380/85 R Tyre 248 Tyre 249 Wheel Rim x Wheel Rims x Wheel Rims x Wheel Rims x Wheel Rims x Wheel Rims x Wheel Rims x Wheel Rims x Wheel Rims 258 Quantity of Wheels & Tyres 259 Quantity of Wheels & Tyres x GOODYEAR LIVESTOCK EQUIPMENT, IMPLEMENTS & EFFECTS 261 Sawger ½ Dies x Wooden Hay Rack 263 Wooden Hay Rack 264 KUBOTA Topper 265 Gang Mower 266 Large Square Steel Tank

9 267 Liquid Fert. Mixing Tank 268 Dual Wheels 269 Chain Operated Lifting Grab 270 Swager c/w ½ & ¼ Dies 271 DAVID THOMAS Post Knocker 300 Dual Wheel Centres 301 Cambridge Roller Set 302 Dual Wheel Clamps 303 Front Press Spares 304 Fuel Tank 305 BALE SPIKE c/w JCB Q-fit brackets 306 BATEMAN Galvanised Cattle Crush 307 WOPA Cattle Crush 308 Misc. 309 Quantity Wooden Sleepers 310 Bucket Mounted Yard Brush 311 Draw Bar 312 Galvanised Water Trough 313 BALE SPIKE c/w JCB Q-fit brackets 314 Axle 315 VOLVO Loading Shovel Spares 316 STRIMECH Muck Grab c/w JCB Q-fit brackets in 1 Bucket c/w JCB Q-fit brackets x Super Comfort Cubicles 319 Land Roller (Spares) 320 Galvanised Cattle Feed Trough 321 Galvanised Cattle Feed Trough 322 Galvanised Cattle Feed Trough 323 Galvanised Water Trough 324 2ft Gate 325 RICHARD WESTON Vacci Tank Linkage 326 Misc. 327 Corn Trough 328 Front Linkage 329 Quantity of Fittings 330 FORD Front Axle 331 Potato Box Turner

10 332 GARDNER 6 Cylinder Engine (approx. 180 hp) 333 GARDNER 6 Cylinder Engine (approx. 180 hp) 334 Chain Harrows 335 RECO Feeder Spares 336 Quantity Calf Pens 337 Quantity 2ft Gates 338 Water Tank 339 Water Tank 340 Quantity of Hose Stall Feed Bunkers Stall Feed Bunkers Stall Feed Bunkers Stall Feed Bunkers Stall Feed Bunkers 346 Quantity of Pipe Fittings x Piston Pumps 348 GARDNER 6 Cylinder Engine (approx. 180 hp) 349 GARDNER 6 Cylinder Engine (approx. 180 hp) 350 PERKINS 6 Cylinder Engine 351 Hydraulic Pump & Spares 352 Four Wheeled Trolley 353 Quantity Lift Arms 354 Cultivator Spares 355 Misc. 356 Quantity of Rubber Mattresses 357 Quantity of Rubber Mattresses 358 Quantity of Rubber Mattresses 359 IBC 360 Cultivator Spares 361 Round Fibre Glass Trough 362 Round Plastic Water Trough 363 Flat Lift Spares x Draw Bars 365 Axle 366 Gear Box 367 WYDALE Milk Cart 368 Quantity of Bucket Holders x Water Troughs

11 370 Quantity of Wooden Railway Sleepers x Trow Over Gate Loops IMPLEMENTS & EFFECTS AG DISPENSER 175S c/w Tilting A Frame B.O.M Root/Meal Feeder c/w Titling A Frame AG DISPENSER 175S c/w Tilting A Frame REDROCK ALIGATOR 6ft Shear Grab c/w JCB Q-fit brackets REDROCK 6ft Shear Grab c/w JCB Q-fit brackets 405 Compact Grass Topper 406 KUHN TB 211 Flail Topper & Side Arm 407 McCONNEL Hedge Cutter Flail Head (Spares) DOWDESWELL POWAVATOR LANDMEC SWATHWILTER TAARUP Woofler 411 8ft Land Roller RECO STORTI TW210 21Cube Twin Auger Feeder Wagon 413 R & M Mole Plough 414 LATHAM ENGINEERING Slurry Stirrer c/w Transport Trailer & Extension 415 CHIEFTAIN Twin Axle Dump Trailer ft Flat Bed Trailer

12 417 Plant Machine Transport Trailer 418 SPALDINGS Flat Lift 419 SPALDINGS Flat Lift 420 Bucket c/w A Frame Attachment 421 Spring Tine Cultivator 422 SIMBA C SERIES 5 metre Discs ft Twin Axle Low Loader Trailer 424 Fuel Bowser c/w Honda Pump 425 8ft Land Roller 426 FODEN Twin Axle Galvanised Blower Trailer (approx. 18 tonne) metre Spring Tine Cultivator DOWDESWELL DP100S 5 Furrow Plough 429 DOWDESWELL DP7E1 6 Furrow Plough 430 COUSINS 3 Sectional Cambridge Roller, Hydraulic Folding 431 SIMBA MONO 3.2 metre Discs & Packer Roller 431A Large Quantity of Simba Points 432 8ft Push Off Buckrake CLAAS LINER 470S Single Rotor Rake KUHN GA 300GM Single Rotor Rake TEAGLE TOMAHAWK 404 Round Bale Shredder & Extention KEN WOOTON 14 tonne Silage Trailer

13 KEN WOOTON 14 tonne Silage Trailer RICHARD WESTERN 14 tonne Silage Trailer KEN WOOTON 14 tonne Grain Trailer RICHARD WESTERN 14 tonne Grain Trailer 441 ROTOMEC CYCLONE FLEX Fold Down Grass Topper 442 Daisy D Planter 443 Trailed TURBOCAST 1000 Cruiser Grit/Salt Spreader 444 Trailed Spreader 445 Transport Box 446 Muck Fork KUHN FC 313F Lift Control Front Mower Conditioner 448 Chain Harrows 449 Snow Plough ft TWOSE Land Roller 451 Trailed Water Bowser 500 Mobile Pump (Spares) x Aluminium Irrigation Pipes & Trailer 502 Road Ramp for Irrigation Pipe 503 BAUER RAINSTAR Reel & Rain Gun ( ) BAUER RAINSTAR Reel & Rain Gun ( ) BAUER RAINSTAR Reel & Rain Gun ( )

14 506 BAUER RAINSTAR Reel & Rain Gun ( ) BAUER RAINSTAR Reel & Rain Gun ( ) metre Dribble Bar (Home Made) 509 Quantity of Aluminium Pipe Fittings 510 Quantity of Aluminium Pipe Fittings 511 Quantity of Lay Flat Hose 512 Quantity of Pipe Brackets 513 COMPLETE TRAILED PUMPSET c/w GARDNER 6 Cylinder Engine MURPHY Switch Gear & Pump Pressure Set CAPRARI MEC-MR125/3A Pump 514 COMPLETE TRAILED PUMPSET c/w GARDNER 6 Cylinder Engine MURPHY Switch Gear & Pump Pressure Set CAPRARI MEC-MR125/3A Pump Tonne Single Axle Tipping Trailer JPM 14 Tonne Dump Trailer 517 FUEL BOWSER c/w Honda Petrol Powered Pump 518 FUEL BOWSER 519 FUEL BOWSER c/w Honda Petrol Powered Pump 520 McCONNEL PA 5000T Power Arm Hedge Cutter 521 AM 40kva Generator & Mounted Frame 522 AM 55kva Generator

15 TRACTORS & LOADALL 530 FORD wd TRACTOR Super Q Cab (E921 CDM) Hours: Unknown Power Steering JOHN DEERE 6930 PREMIUM 4wd TRACTOR (DK11 BEU) 13,640hrs JCB AGRI-PLUS LOADALL (MX60 DPK) 14,956hrs ( * DENOTES INSERTED ITEM BY KIND PERMISSION ) TRACTORS & IMPLEMENTS MASSEY FERGUSON 7626 DYNA-6 4wd TRACTOR * (FJ62 CDE) 3484hrs c/w Front Linkage & PTO KUHN MULTI-LEADER 7 Furrow Plough * BOMFORD KESTREL Evo S Hedge Cutter * 1.3m Flail Header RICHARD WESTERN 14 Tonne Silage Trailer * BUNNING 150 Mark 4 Rear Discharge Spreader * c/w Spinner Deck GRAHAM EDWARDS Tri-axle 12FT Livestock Trailer * c/w Sheep Decks & Tracker JOHN DEERE 8370RT CRAWLER TRACTOR * 1950 hrs JOHN DEERE 7310R 4wd TRACTOR * 2250hrs

16 JOHN DEERE 6155R 4wd TRACTOR * (DS67 HKV) 2000hrs JOHN DEERE 6155R 4wd TRACTOR * (DV18 VCF) 2000hrs GREGOIRE-BESSON HELI-DISC * (8 Legs between front and rear discs with packer roller) KUHN L4000 CULTIMER * KUHN 7F WAGON PLOUGH * KVERNELAND 5 metre FOLDING POWER HARROW * KVERNELAND NG-H 101 COMBINATION DRILL * STRAUTMANN GIGA VITESSE DUO FORAGE WAGON * JOHN DEERE F440R BALER (1500 bales) * JOHN DEERE 854 BALER (5000 bales) * Maxi Cut, Special Edition CASE FARMALL 55A TRACTOR * (DK15 BLN) 802hrs (8x8 Trans 40kph) MASSEY FERGUSON 135 TRACTOR * 7,385hrs CLAAS VOLTO Rotor Tedder * AMAZONE ZA-M Profit Twin Disc Fertiliser Spreader * 3000 ltr CLAAS 1320T 10 Rotor Trailed Tedder * KUHN AXIS 40.1w Fertiliser Spreader * 800 ltr

17 JOHN DEERE metre Front Mower Conditioner * JOHN DEERE 1360 Trailer Mower Conditioner * 626 DOWDESWELL DP120s 6 Furrow Plough * DOWDESWELL DP120s 6 Furrow Plough * KUHN RW1800S Round Baler & Wrapper * (41,000 bales) NEW HOLLAND BR750 Variable Round Baler * (42000 bales) 630 FOSTER Back Actor * 631 TAARUP 7664 Bale Wrapper * 632 JOHN DEERE 6190R 4wd TRACTOR * (DK14 BJV) 7900hrs c/w Front Linkage & PTO 633 JOHN DEERE 6190R 4wd TRACTOR * (DK14 BJX) c/w Front Linkage 634 SPREADWISE 12Metre DRIBBLE BAR * Vogelsang Macerator 635 JOSKIN 20Tonne TRAILER Moving Floor, Twin Axle * 636 STRIMECH 9ft Push Off Buckrake * Metre TRAILING SHOE * 638 SPREADWISE 8 SPOOL SLURRY REELER * c/w 250m of 4inch Pipe Metre LELY TEDDER * 640 BAILEY 14 Tonne TRAILER * c/w Grain Shoot, Industrial Axles, 445/65R/22.5 Tyres

18 641 BAILEY 14 Tonne TRAILER * c/w Grain Shoot, Industrial Axles, 445/65R/22.5 Tyres GEORGE MOATE 6 Metre Rotavator * SUMO RIPPER 4.5 Metre Folding, 14 Legs * 644 FIONA Corn Drill 3 Metre * 645 MOORE Direct Drill * 646 TEAGLE 3 Metre Front or Rear Flail Topper * 647 GRAYS 14FT Flat Roller * RICHARD WESTERN Silage Trailer Roll Over Easy Sheet * 649 ALLBUTT Bucket Brush * AG 175 Extra Dispenser * EMILY Maize Rota * 652 STORTH 20ft Slurry Stirrer * 653 BROWNS Box Scrapper * 654 TANCO Bale Squeeze * 655 MICHELIN 20.8/42/16.9/30 Tyres * Stocks Dual Wheels 650/65/42 & 8 Clamps * x MANITOU Brackets * 658 WOPA Foot Trimming Crush, Electric plus Gate Race * 659 DP Foot Trimming Crush with Gate Race * SUTON Sweeper *

19 SALE OF GOODS BY AUCTION GENERAL CONDITIONS 1. Lots 1.1 The Buyer is deemed to have inspected any lot he buys and accordingly the lots are not sold by sample The Buyer admits that he has not been included to bid by any description representation measurement or statement made by or on behalf of the Seller and agrees that (apart from the agreed price and any matter confirmed in writing by the Auctioneers) these Conditions constitute the whole of the contract The Auctioneers act only as agents for the Sellers and will not be liable to the Buyer in any circumstances and have no authority to make any such descriptions representations measurements or statements. 1.3 No warranty is given or implied as to fitness for purpose or the quality of lots sold. 2. Sales 2.1 The highest bidder for any lot shall be the Buyer and the contract shall be concluded on the fall of the hammer. 2.2 The Buyer may not retract his bid in any circumstances. 2.3 On the fall of the hammer the Buyer will immediately give to the Auctioneers his full name and address and if required will pay the full purchase price. 3. Payment 3.1 In any event all lots purchased must be paid for in full on the day of sale. No lot must be removed from the sale premises until it has been paid for in full. 3.2 Cheques will be accepted in payment only with references satisfactory to the Auctioneers. 3.3 From conclusion of the contract any lot will be at the Buyer s risk in all respects. 3.4 This market is not required to comply with the requirements of the members accounts regulations of the Royal Institution of Chartered Surveyors. No monies paid to this market are covered by any scheme for the protection of clients money operated by the Royal Institute of Chartered Surveyors. This notice is published in accordance with the requirement of the Royal Institute of Chartered Surveyors from whom a more detailed explanation can be obtained by writing to the Standards and Practice Department, The Royal Institute of Chartered Surveyors, 12 Great George Street, Parliament Square, London, SW1P 3AD. 3.5 The Buyer shall not withhold payment for any Lot by reason of any right of set off or counter-claim which the Buyer may have or allege to have or for any reason whatever against the Seller or the Auctioneers. 4. Disputes 4.1 In the event of dispute as to bidding the Auctioneers may either put up and re-offer for sale the lot or lots in question or may decide the dispute. 4.2 Any other dispute arising in any way out of any lot or its sale shall be decided by the Auctioneers. 4.3 The Auctioneers decision in any such case shall be final and binding in all respects. 5. Title to and Removal of Lots 5.1 All lots purchased shall be removed on the date of sale at the Buyer s expense. 5.2 The Buyer will be responsible for any damage caused in the course of such removal to other lots or to any part of the premises on any part of which the auction is held regardless whether such damage is caused by the Buyer, his employees or agents or otherwise and whether such damage is a result of negligence or otherwise. Notwithstanding Condition 3.3 and the removal by the Buyer of any Lot, title to such Lot shall not pass to the Buyer until: The Buyer shall have paid the Purchase price in full and No other sums whatever shall be due from the Buyer to the seller or the Auctioneer. 5.3 In respect of any such damage if so required by the Auctioneers the Buyer will pay the cost of repairing all such Damage (as estimated by the Auctioneers whose estimate shall be final and binding) before removal of any lots. Until such payment is made the Buyer grants the Seller and/or the Auctioneers a lien over any lots bought by him. 6. Conduct of the Auction 6.1 The Seller may offer any lots subject to a reserve price. 6.2 The Seller or the Auctioneers may: Bid up to such reserve price Withdraw from sale any lot without disclosing a reserve Rescind any sale within 3 hours of the final lot being sold if the lot has been sold under any reserve. In the event of such rescission the purchase price or any part already paid by the Buyer shall be repaid but the parties and the Auctioneers shall be under no further liability to each other. 6.3 The Auctioneers may refuse the bid of any person without giving a reason and may regulate bidding as they see fit. 6.4 No bidder may advance less at a bid than the sum named from time to time by the Auctioneers. 7. Neither the Seller nor the Auctioneers shall be liable in any way for any loss or damage on any part of the premises on any part of which the auction is held. 8. In the event of breach by the Buyer of any of these conditions the Auctioneers may rescind any contract with the Buyer and put up and re-sell any lots the subject matter of such contract and the Buyer will immediately pay to the Auctioneers as a liquidated demand any deficit arising on the second sale. WRIGHT MARSHALL

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