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IND-Smith Welding and Fabrication Equipment 5/21/2015 GENERAL TERMS AND CONDITIONS OF SALE -THURSDAY MAY 21, 2015 ORDER OF SALE: ITEMS WILL BE SOLD IN NUMERICAL ORDER. It will be at the discretion of the Auctioneer to sell items out of sequence, divide or consolidate lots. REGISTRATION: By registering as a Bidder and/or participating as a Bidder at the auction sale Bidder is bound by the Terms & Conditions set forth herein and announced on the day of sale. Bidder agrees that such Terms & Conditions are binding on the Bidder whether or not the Bidder was present and/or heard such announcements. Bidder agrees that Auctioneer is in control of the conduct of the auction sale and has the right to reject any bid by any Bidder at the auction sale. It is at the sole discretion of the Auctioneer as to whether or not any bid is in conformity with the Terms & Conditions of the auction sale. Furthermore, Auctioneer may refuse to accept a bid whenever, in his sole discretion bid is not in good faith or Bidder appears to be under the influence or have some incapacity at time of sale. ALL PERSONS must be registered to bid and will be identified by number to facilitate the speed of the auction. TIE -BIDS Auctioneer will rule in case of "TIE" Bids. In the event of a TIE BID or any uncertainty as to offered last and highest bid the Auctioneer has a right to resolve any such at the time by accepting the Bid that the Auctioneer believes is in good faith and was the last, highest and best bid. Auctioneer may open the bidding between the parties at his discretion and option and such decision will be final and binding on affected parties. SALES TAX: Sales tax will be collected if applicable. Dealers can present Resale Certificates. REMOVAL: Auctioneer and Seller assume no responsibility for items left on sale site at sale's conclusion. Buyer is URGED to REMOVE ITEMS as soon as possible or to self insure for potential loss. Removal will be until 5:00 pm today or 1-hour following the sale, whichever is later. Additional Removal: FRIDAY MAY 22nd AND TUESDAY MAY 26th FROM 8:00 am TO 4:00 pm. AFTER WHICH ITEMS WILL BE CONSIDERED ABANDONED BY BUYER AND DISPOSED OF. NOTICE TO INSPECT "AS_IS WHERE IS": Auctioneer presents all information in brochures, catalogs, and other advertisements from sources believed to be accurate. These are representations of the Auctioneer. Prospective Buyers should inspect all items to their own satisfaction. "BUYER BEWARE" Items are available for public inspection and the foregoing are merely guides. ALL ITEMS are being sold AS IS-WHERE-IS with no warranty or guarantee-actual or implied. TERMS: A 12% Buyer's Premium will be collected, an additional 5% Buyer's Premium for Online Bidders. Payment must be made in full day of sale by CASH, WIRE TRANSFER, CASHIER'S CHECK or COMPANY CHECK if Accompanied by BANK LETTER of GUARANTY, CREDIT CARDS to include: MASTERCARD or VISA ONLY. After an item has been sold, it becomes the sole responsibility of the Purchaser. No items can be removed until complete settlement has been made. Settlement can be made at any time during the sale.

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IND-Smith Welding and Fabrication Equipment 5/21/2015GENERAL TERMS AND CONDITIONS OF SALE -THURSDAY MAY 21, 2015

ORDER OF SALE:

ITEMS WILL BE SOLD IN NUMERICAL ORDER. It will be at the discretion of the Auctioneer to sell items out of sequence, divide orconsolidate lots.

REGISTRATION:

By registering as a Bidder and/or participating as a Bidder at the auction sale Bidder is bound by the Terms & Conditions set forth hereinand announced on the day of sale. Bidder agrees that such Terms & Conditions are binding on the Bidder whether or not the Bidder waspresent and/or heard such announcements. Bidder agrees that Auctioneer is in control of the conduct of the auction sale and has the rightto reject any bid by any Bidder at the auction sale. It is at the sole discretion of the Auctioneer as to whether or not any bid is inconformity with the Terms & Conditions of the auction sale. Furthermore, Auctioneer may refuse to accept a bid whenever, in his solediscretion bid is not in good faith or Bidder appears to be under the influence or have some incapacity at time of sale. ALL PERSONSmust be registered to bid and will be identified by number to facilitate the speed of the auction.

TIE -BIDS

Auctioneer will rule in case of "TIE" Bids. In the event of a TIE BID or any uncertainty as to offered last and highest bid the Auctioneerhas a right to resolve any such at the time by accepting the Bid that the Auctioneer believes is in good faith and was the last, highest andbest bid. Auctioneer may open the bidding between the parties at his discretion and option and such decision will be final and binding onaffected parties.

SALES TAX:

Sales tax will be collected if applicable. Dealers can present Resale Certificates.

REMOVAL:

Auctioneer and Seller assume no responsibility for items left on sale site at sale's conclusion. Buyer is URGED to REMOVE ITEMS assoon as possible or to self insure for potential loss. Removal will be until 5:00 pm today or 1-hour following the sale, whichever is later.Additional Removal: FRIDAY MAY 22nd AND TUESDAY MAY 26th FROM 8:00 am TO 4:00 pm. AFTER WHICH ITEMS WILLBE CONSIDERED ABANDONED BY BUYER AND DISPOSED OF.

NOTICE TO INSPECT "AS_IS WHERE IS":

Auctioneer presents all information in brochures, catalogs, and other advertisements from sources believed to be accurate. These arerepresentations of the Auctioneer. Prospective Buyers should inspect all items to their own satisfaction. "BUYER BEWARE" Items areavailable for public inspection and the foregoing are merely guides. ALL ITEMS are being sold AS IS-WHERE-IS with no warranty orguarantee-actual or implied.

TERMS:

A 12% Buyer's Premium will be collected, an additional 5% Buyer's Premium for Online Bidders. Payment must be made in full day ofsale by CASH, WIRE TRANSFER, CASHIER'S CHECK or COMPANY CHECK if Accompanied by BANK LETTER of GUARANTY,CREDIT CARDS to include: MASTERCARD or VISA ONLY. After an item has been sold, it becomes the sole responsibility of thePurchaser. No items can be removed until complete settlement has been made. Settlement can be made at any time during the sale.

IND-Smith Welding and Fabrication Equipment 5/21/2015

Page: 2Furrow Auction Company

Settlement must be made today and an invoice with the paid item receipt will be supplied to the Purchaser upon settlement. The PAIDreceipt ticket will be required in order to remove items from the site. All checks should be made payable to Furrow Auction Company."ALL SALES ARE FINAL"ONLINE BIDDING TERMS: Online Bidders should review the "Online Terms & Conditions" in detail and will be held to those terms.SAFETY DEVICES: Items purchased may not incorporate approved activating mechanisms, operating safety devices or safety guards as required by law. It isPurchaser's responsibility that items purchased be so equipped and safeguarded to OSHA and any other requirement before placing itemsinto operation.All Riggers, Contractors or Buyer's conducting specialized removal must provide a "Certificate of Insurance" with a minimum $1 milliontotal liability and naming Furrow Auction Company and Seller as "LOSS PAYEE". Qualified and Insured Riggers must perform removalof items that may affect the Real Property. Damage responsibility will be the responsibility of the Riggers and Buyers of item removed.Rigging and Removal is the responsibility of the Buyer. All removal activity must be in accordance with OSHA Guidelines andStandards. Removal may begin when auction has concluded and complete payment has been made.OUR STAFF

SAM FURROW - OWNER/AUCTIONEERBLAKE WILSON - VP INDUSTRIAL DIVISION, AUCTIONEERWIL WAUGH - AUCTIONEER/PROJECT MGRYOU CAN REACH US AT OUR EMAIL ADDRESS: [email protected]

VISIT WWW.FURROW.COM TO VIEW ALL UPCOMING AUCTIONS. OUR FAX NUMBER IS 865 525-4179.

1 SKIL Saw, 1/2" Electric Drill

2 (2) 1/2" Electric Drills, (1) Ridgid, (1) Milwaukee

3 Bosch Mdl 11224VSR Rotary Hammer Drill

4 Dewalt 1/2" Drive Electric Impact Wrench

5 (3) Electric Jig Saw,(1) Dewalt, (2) Black & Decker

IND-Smith Welding and Fabrication Equipment 5/21/2015

Page: 3Furrow Auction Company

6 Belt Sander

7 (3) Sanders Palm & Orbital

8 Dewalt Reciprocating Saw

9 Set Precision Balance Scales

10 Watsco Mdl WC-5 Micro-Flash, W/Recovery System

11 Air Hoses and Vacuum Pump

12 Ryobi 10" Portable Table Saw

13 1hp Air Compressor, Storage Tank

14 Central Pneumatics 40LB

IND-Smith Welding and Fabrication Equipment 5/21/2015

Page: 4Furrow Auction Company

15 Viper 4316, 1-Man Auger, W/6", 8" Auger

16 2500PSI Pressure Washer, Honda Gas Engine

17 Ryobi 3100PSI, 2.5 Gallon Pressure Washer, W/Honda Gas Engine

18 Miller Dial arc Arc Welding Power Source, W/Tig Welder, Leads

19 Miller Millermatic 251 Wire Feed Welder

20 Miller 250 Wire Feed Welder

21 Miller Millermatic 250 Wire Feed Welder

22 Changshundianqi Mdl NBC-270 Welder

23 Miller Blue Star 3500 Watt Generator/140Amp Gas Welder, W/Honda 9HP gas Engine

IND-Smith Welding and Fabrication Equipment 5/21/2015

Page: 5Furrow Auction Company

24 Miller Spectrum 875 Auto Line DC Plasma Cutter

25 Miller Spectrum 300 Plasma Cutter

26 Lincoln SP-135T Wire Feed

26A Lincoln 225, 225Amp Arc Welder

27 Taylor-Winfield Spot Welder

28 Miller Spoolmatic 30A Aluminum Spool Gun

29 Cutting Torches, Regulators, etc

30 Various Welding leads

31 Various Welding leads

IND-Smith Welding and Fabrication Equipment 5/21/2015

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32 Scotchman Portafab 45, 45Amp Iron Worker

33 Northern Industrial 7" X 12" Horizontal Band Saw

34 Pro-Cut 7" X 12" Horizontal Band Saw

35 Ridgid 14" Abrasive Chop Saw

36 Wilton 20" Vertical Drill Press, 12sp

37 Craftsman 50" 12sp Vertical Drill Press

38 M & M 16sp Mdl H-406S Vertical Drill Press

39 Toledo Scale, W/Sterling Digital Controller, Digital Read-out, 5,000lb

40 Skat Blast Sand Blast Cabinet

IND-Smith Welding and Fabrication Equipment 5/21/2015

Page: 7Furrow Auction Company

41 Rockwell Mdl 50004, 3hp Vacuum, 55 Gallon Drum

42 Hotsy Mdl 500 Steam Type Pressure Washer

43 Power Pro 2400PSI, 5 1/2hp Honda Pressure Washer

44 Readi-Heater 170C, 170,000 BTU Forced Air Heater

45 Readi-Heater Pro 115, 115,000 BTU Forced Air Heater

46 Vacuum

47 Wrought Iron Inserts, etc (on 3-shelves)

48 Shelving W/Contents, Safety Hats, Nuts, Bolts, Fasteners, etc

49 Maxair 40" Shop Fan

IND-Smith Welding and Fabrication Equipment 5/21/2015

Page: 8Furrow Auction Company

50 Maxair 40" Shop Fan

51 Custom Built 36" Box Fan

52 Excalibur 4,000LB Engine Hoist

53 Unibor Mdl EQ50 Magnetic Drill

54 Custom Built Shop Cart, W/6" Jaw Vise, Bench Grinder, etc

55 Electric Air Compressor, 2hp

56 Milwaukee Portable Band Saw

57 Dewalt Portable Band Saw

58 (4) Foundation Jacks

IND-Smith Welding and Fabrication Equipment 5/21/2015

Page: 9Furrow Auction Company

59 Custom Built Metal Shop Cart

60 Custom Built Metal Rack, (2) Metal Carts, etc

61 Torch Cart, W/Hoses, Torches, Tooling, etc

62 Regulators, Torches, etc

63 Misc Welding Wire, Rods, etc

64 Angle Grinders, Electric Drills, Reciprocating Saws, etc

65 Misc Bar Clamps

66 Misc Bar Clamps

67 Contents Box, Misc Vise Grips, Clamps

IND-Smith Welding and Fabrication Equipment 5/21/2015

Page: 10Furrow Auction Company

68 Contents (2) Boxes, C-Clamps

69 Misc Hand Tools, Hammers, Punches, Squares, Levels, etc

70 Dewalt 14" Abrasive Chop Saw

71 Milwaukee Cordless Portable Band Saw

72 Warn 110 Volt, 1,000LB Electric Winch

73 Homelite 5500 Watt Generator

74 Impact Sockets

75 2 1/2 Ton Floor Jack

76 Hydraulic Tubing Bender

IND-Smith Welding and Fabrication Equipment 5/21/2015

Page: 11Furrow Auction Company

77 Clarke Portable Bender, W/Pedestal

78 (4) Jack Stands, (4) Custom Built Stands

79 48" X 72" Metal Welding Table, W/6" Jaw Vise

80 36" X 60" Custom Built Metal Welding Table on casters

81 49" X 125" Custom Built Welding Table

82 48" X 120" Custom Built Welding Table

83 Metal Stock , Square Tube, Round Bar, Channel, Flat Stock etc

84 Custom Built Metal Storage Rack

85 (5) Custom Built Metal Work Horses, (2) Roller Stands

IND-Smith Welding and Fabrication Equipment 5/21/2015

Page: 12Furrow Auction Company

86 Custom Built Wood Burning Heater

87 10hp Air Compressor Horizontal Tank, Single Stage

88 Caterpillar Mdl T50DSA Forklift, 5,000LB, LP Gas Solid Tire, W/Side Shift, S/N 9PB262,188" Lift

89 Drott Mdl 3330 Carry Desk Crane, LP Gas, 3-Stage Mast, S/N 6224692

90 Bayliner 24' Cuddy Cabin Boat, W/galvanized Trailer, Mercuriser, Inboard/Outboard

91 1986 Carver 27' Cabin Cruiser, W/Twin Mercruiser, 1.7 Liter Engine, 190hp, S/NCDRH6153F787

92 Custom Built 48" X 72" Tag-A-Long Trailer

93 1955 Chevy 2-Door, 55 Chevy Post Body, Finders, Frame (to reassemble) (no motor andtransmission)

IND-Smith Welding and Fabrication Equipment 5/21/2015

Page: 13Furrow Auction Company

94 1971 Chevy C-10 Short Bed (no motor no transmission)

95 1978 Suzuki GS1000 Motorcycle, ODO 33,911, Vin GS1000102575 (Title)

96 Starcraft Roadstar Truck Bed Camper (Camper Insert)

97 White Lighting Race Track Type Tool Box

98 Set 72" Warehouse Steps

99 Husky Over/Under Tool Box on casters

100 (3) Plastic Shelves, W/Contents, Misc Oils, Cleaning Chemicals, Grease, etc

101 Misc Nut Drivers, Screwdrivers, etc

102 Misc Hammers

IND-Smith Welding and Fabrication Equipment 5/21/2015

Page: 14Furrow Auction Company

103 Contents Box , Tape, Stud Finders

104 O-rings, Gaskets, etc

105 Misc Hand Tools, Plyers, Bar Clamps, Pullers

106 Misc Abrasives, Disc, Sand Paper, Belts, etc

107 Files, Hand Tools, Pipe Expansion Tools

108 (5) Gear Pullers, Pitman Arm Pullers, etc

110 CPS Freon Scale, etc

111 Radiator, Pressure Tester, Pressure Gauges, etc

112 (3) Set 6" Calibers, Manual, Dial, Digital, Outside Micrometer

IND-Smith Welding and Fabrication Equipment 5/21/2015

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113 Hyper Jet Power Programmer for 7.4 Liter Ford Diesel Engine

114 Dewalt 18 Volt Cordless Drill

115 Drillmaster 7" Variable Speed Polisher/Sander

116 Stapler, Black & Decker Cordless Drill

117 (2) Boxes Various Sockets, Extensions, etc

118 (2) Boxes Various Size Open End Box and Wrenches

119 Craftsman Socket Set, Box, W/Misc Sockets

120 Tape & Die Set, Drill Bits, etc

121 Misc Pneumatic Tools, Impact Gun, etc

IND-Smith Welding and Fabrication Equipment 5/21/2015

Page: 16Furrow Auction Company

122 Husky Tool Box on casters

123 Cornwell 2-Drawer Work Cart on casters

124 Ridgid Wet/Dry Vac

125 Janitrol Gas Shop Heater

126 Carrier Gas Hanging Type Shop Heater

127 (7) White ??????

128 (3) Hose Reels, (1) W/Hose

129 Misc Abrasives Wheels 20"

130 OX/Acyl Hose, etc

IND-Smith Welding and Fabrication Equipment 5/21/2015

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131 Pexto Edger

132 Garwood Industries Mdl A514-30 Hoist

133 Ingersoll Rand Pneumatic Hoist

134 (7) Electric Motors

135 (6) Electric Motors, (5) GE 3hp, (1) Dayton 3hp

136 Kold-Draft Ice Crusher

137 (2) Eye Wash Stations

138 Goodway Ream-a-matic Pipe Reamer

139 Nova 390 Paint Pump, W/gun

IND-Smith Welding and Fabrication Equipment 5/21/2015

Page: 18Furrow Auction Company

140 Juki Mdl LU-563 Walking Foot Sewing Machine

141 3 1/2hp 21" Lawn Mower

142 Rally 22" 4hp Lawn Mower

143 Shindaiwa String Trimmer

144 John Deere Pull Behind Spreader

145 55 Gallon Drum Spinner/Dolly

146 Golden Glow Wood Burning Stove

147 (8) 8' Cable Chokers

148 (16) Small Chokers, (8) 48" , (8) 60"

IND-Smith Welding and Fabrication Equipment 5/21/2015

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149 (8) 8' Cable Chokers

150 (10) Various Size Cable Chokers

151 (12) Cable Chokers

153 (10) Various Size Cable Chokers

154 Wooden Table W/Contents, Air Storage Tank, Misc Fasteners, Screws, Bolts, etc

155 Misc 4 1/2" Grinding Wheels, 7" Grinding Wheels, etc

156 Misc Fasteners, Screws, Bolts, Nuts, etc

157 Misc Paints, Degreaser, etc

158 Welding Rod Cabinet

IND-Smith Welding and Fabrication Equipment 5/21/2015

Page: 20Furrow Auction Company

159 20" Aluminum Extension Ladder

160 16' Aluminum Extension Ladder

161 Fuel Cans, Oil Cans, Creeper, etc

162 Vacuum Gauge, etc

163 2" Belt Sander

164 Mitre Box and Saw mounted on table

165 2-Ton Floor Jack, 1 12/-Ton Floor Jack, (3) Jack Stands

166 Misc Yard Tools, Hedge Trimmer, Pole Saw, Electric String Trimmer, Rake, etc

167 Contents (3) Containers, Hydraulic Jack Oil, Various Oils, Nails, Fasteners, etc

IND-Smith Welding and Fabrication Equipment 5/21/2015

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168 (6) Bolt Bins, Misc Bolts, Nuts, Screws, Cap Screws, Washers, etc

168A (2) 220 Volt Drop Cords

169 Under- counter Refrigerator

170 Automotive Air Conditioner Compressor, Condensers, Hoses, etc

171 Drink Vending Machine

172 (4) Pedestal Shop Lights

173 Decorative Wooden, Glass Front & Side Curio Cabinet

174 Wood and Metal Display Rack, Wooden Office Table

175 (2) Upholstered Recliners

IND-Smith Welding and Fabrication Equipment 5/21/2015

Page: 22Furrow Auction Company

176 (2) Metal Frame Stack Chairs

177 Wooden Drafting Table

178 Pressed Wood Credenza, W/Hutch

179 Upholstered Mid-back Office Chair

180 8' Folding Table

181 Dry Erase Boards, Cork Board, File Cart on casters

182 L-Shaped Pressed Wood Desk, W/Right hand Return, W/Hutch

183 (2) Flat Screen Computer Monitors, HP PAC 1410 All-N-One Printer

184 HP Color Laser Jet 4650N Printer

IND-Smith Welding and Fabrication Equipment 5/21/2015

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185 HP Laser Jet 4300TN Printer

186 Brother MFC6550 Fax Machine, Paper Cutter

187 Misc Office Supplies Clip Boards, Pins, Files, Folders, etc

188 (2) 3-Drawer Metal File Cabinets

189 Remaining Furniture in Office, Wing Back Upholstered Chair, Task Chair on casters, MetalFramed Glass Top Coffee Table, Office Table