NOTE: There is a 10% Buyer's Premium.

PROPERTY IS OFFERED SUBJECT TO
THE SPECIFIC TERMS AND CONDITIONS OUTLINED IN THIS DOCUMENT. PLEASE READ AND REVIEW
THIS DOCUMENT THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF YOU HAVE NOT READ THESE
TERMS & CONDITIONS, DO NOT BID. ALL ITEMS ARE STILL ATTACHED. BUYERS ARE
RESPONSIBLE FOR DETACHMENT AND REMOVAL OF ITEMS PRIOR TO FEBRUARY 15, 2017. ALL
ITEMS MUST BE PAID FOR ON FEBRUARY 1, 2017.

AUCTION END TIMES:

Thomas R. Hunt Auctioneers, Inc., Online Auctions are timed events and all
bidding will close at specified time. Thomas R. Hunt Auctioneers, Inc Online
Auctions also have an auto extend feature. Any bid placed in the final 5 minutes of
an auction will automatically extend the end time for a period of 5 minutes from the
time the bid was placed. Example: if an auction scheduled to close at 6:00 receives a
bid at 5:59, the close time will automatically extend to 6:05. The auto-extend
feature remains active until no further bids are received within a 5 minute time
frame.

REFRESH YOUR SCREEN CONSTANTLY DURING THE CLOSING MINUTES OF
THE BIDDING

SERVER & SOFTWARE TECHNICAL ISSUES: In the event there are
technical difficulties related to the server, software or any other online
auction-related technologies, Thomas R. Hunt Auctioneers, Inc reserves the right to
extend bidding, continue the bidding, or close the bidding.

NEITHER THE
COMPANY PROVIDING THE SOFTWARE nor THOMAS R. HUNT AUCTIONEERS, INC. SHALL BE HELD
RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR
ANY REASON. Email notifications will be sent to registered bidders with updated
information as deemed reasonable by Thomas R. Hunt Auctioneers,
Inc

TERMS: Cash, In state Check (with proper ID), or Credit Card
payment is required auction pick up. A 3% convenience fee will be added to the total
invoice if a credit of debit card is used for payment. A credit card is required to
register to bid at this auction. However, Hunt Auction personnel do not have access
to the credit card information. An invoice can only be created for lots you actually
win. Failure to provide a valid credit card number or to make a timely correction
to incorrect information may result in bidders being forbidden from bidding at future
auctions with this company and all companies in the MarkNet Alliance.

This online only auction is a CASH SALE not contingent on or subject
to financing, appraisal, or further inspections of any kind, as agreed to by bidders
at registration prior to bidding . Bidders are encouraged to perform on-site
inspections of the property prior to bidding. However, failure to do so in no way
relieves the buyer of any of the terms or conditions set forth
here.

BUYER’S PREMIUM: 10% will be added to the winning bid to
determine the contract price for the property being auctioned.

CREDIT
CARD FEE: A 3% fee will be added to the total invoice for payment by credit/debit
card.

AUCTION BIDDER DEFAULT: Any dispute between Thomas R. Hunt
Auctioneers, Inc its Agents or Representatives and the Buyer(s) will be submitted to
arbitation in Warren County, Kentucky. By bidding on the property, buyer agrees to
all terms and conditions set forth.

POSSESSION: Successful bidders
must pick up the items purchased at the designated location within the time frame
specified in the auction advertising. Failure to do so may result in the property be
declared abandoned and title reverting to the owner, a service charge being applied.
Payment will be due on all items February 1, 2017 with cash, in-state check or
credit/debit card.

TAXES: 6% Kentucky Sales and Use tax will be added
to the contract price unless a valid Exemption Certificate is on file with the
auctioneer. Please provide any Tax Exemption information during the registration
process.

BIDDER VERIFICATION: The identity of all bidders will be
verified, bidding rights are provisional, and if complete verification is not
possible, Thomas R. Hunt Auctioneers, Inc will reject the registration, and bidding
activity will be terminated. The Seller and Thomas R. Hunt Auctioneers, Inc reserve
the right to preclude any person from bidding if there is any question as to the
person’s credentials, fitness, etc. Bidders agree to keep their username and password
confidential as they are responsible for ANY and ALL activity involving their
account. When using the web site you must obey any and all local, state, and federal
laws. Violations will result in termination of web site use
privileges.

AGENCY: Thomas R. Hunt Auctioneers, Inc. Agents and
Representatives are agents of the Seller. Buyer and/or Bidder agrees to hold harmless
and indemnify Thomas R. Hunt Auctioneers, Inc and its Agents and its Representatives
from any and all claims, damages or suits including but not limited to awards,
judgments, costs, fees, etc.

NEW DATA, CORRECTIONS AND CHANGES: Please
check for updated information prior to scheduled auction time to inspect any changes,
corrections, or additions to the property information.

Disclaimer &
Absence of Warranties: All information contained in this information packet and all
related materials are subject to the terms and conditions outlined in this agreement.
The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or
representation either expressed or implied, concerning the property is made by the
Seller or Thomas R. Hunt Auctioneers, Inc Agents or Representatives. Each potential
bidder is responsible for conducting his or her own independent inspections,
investigations, inquiries, and due diligence concerning the property. EVERYTHING IN
THIS AUCTION SELLS 'AS IS' AND 'WHERE IS'. PURCHASER MAY NEED TOOLS TO REMOVE SOME
ITEMS. The information contained in the brochure and on the website is subject to
verification by all parties relying on it. No liability for its accuracy, errors, or
omissions is assumed by the Seller, Thomas R. Hunt Auctioneers, Inc. Agents or
Representatives. Conduct of the auction and increments of bidding are at the
direction and discretion of the Auctioneer. All decisions of Thomas R. Hunt
Auctioneers, Inc. are final. By bidding on the property, buyer agrees to all terms
and conditions set forth.

Auctioneer/Broker/Seller Disclaimer: The
information contained herein is believed to be correct to the best of the
auctioneer’s knowledge. The information is being provided for the bidder’s
convenience and it is the bidder’s responsibility to determine the information
contained herein is accurate and complete. The property is selling in its ‘as-is’
condition with no warranties expressed or implied.

For
additional information, contact Thomas R. Hunt Auctioneers, Inc at 1-270-782-2299.

Ellis Personal Property