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ABSOLUTE AUCTION

Real Estate Terms: Property sold in it’s “as is” condition, no warrantees or guarantees, Lead Based PaintWaiver Required 10% Buyer’s Premium added to final bid to determine purchase price,10% of gross purchase

price with signed contract due day of sale, closing on or before 30 days, time being of the essence.

BiedermanRealEstate.com

Zach Davis Broker/Agent859-576-8195 Tom Biederman

Broker/Auctioneer859-312-0606

1076 Wellington WayLexington, KY 40513

859-277-2030

85+/- Acres3500 Lexington Rd·Versailles, KYSaturday May 30th 10:30am

We are pleased to offer at ABSOLUTE AUCTION this extremely well located 85 ACRE property. “The Cedars”, includes a recently renovated 3 bedroom 2.5 bath brick Main Resi-dence with over 3,300 square feet, 32 stalls in Two Barns and outstanding Bluegrass Maury Soils. With a location just 4 miles to Keeneland and the Bluegrass Airport and just inside Woodford County Kentucky, this is a wonderful opportunity to purchase.

GREAT LAND and GREAT LOCATION!

Inspections: Saturday May 16th 11am-1pm & Sunday May 24th 1-4pm

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Terms and Conditions of SaleMay 30, 2015

1. The property to be sold is located at 3500 Lexington Road, Versailles, Kentucky and shall be sold as asingle entity.

2. The property is to be sold in its "as is" condition without any warranty or guarantee asto the physical condition of the property or any of the improvements thereon.

3. Prospective bidders, at their own expense, shall have the right to conduct inspections prior to sale,including a lead based paint inspection, and must sign the lead based paint disclosure attached tothese terms.

4. A ten percent (10%) Buyer's Premium shall be added to the final bid price of each tract todetermine the gross purchase price.

5. The Purchaser must pay ten percent (10%) of the gross purchase price in cash, certified funds,or personal check with prior approval, immediately following the auction sale and must sign theAuction Purchase Contract in the form which is attached to these Terms and Conditions. Thebalance of the purchase price shall be paid in cash or certified funds within thirty (30) days ofthe date hereof, with time being of the essence. The closing may be postponed only inaccordance with the terms of the Auction Purchase Contract.

6. The property will be conveyed to the Purchaser in fee simple, by deed of general warranty,subject only to easements, restrictions and conditions of record, if any, affecting the property.All taxes and assessments shall be prorated as of closing.

7. The property to be sold shall include all permanent improvements located thereon butshall not include any movable personal property.

8. Sellers agree to deliver to Purchaser complete possession of the property at the time of the closing.

9. Seller shall continue to maintain the property and continue insurance coverage.

10. Biederman Real Estate and Auctioneers will pay to a properly registered Buyer/Broker Agent a two (2%)commission of the final bid price. Any and all registrations MUST be completed by the BUYER andforwarded to Biederman Real Estate and Auctioneers by email, fax or hand delivery TWENTY FOUR (24)HOURS prior to the auction with NO exceptions (subject to Auctioneer approval)

ANNOUNCEMENTS MADE THE DAY OF SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR PRIOR VERBAL STATEMENTS.

Main House: 3 bedrooms · 2.5 Baths · 3,300 square feet

DRAFTMain House: 3 bedrooms · 2.5 Baths · 3,300 square feet

DRAFTMain Residence

.Recently renovated

.3 Bedrooms

.2 1/2 BathsOver 3,300 square feet

DRAFTBarn Views

Interior Barn Farm View

32 Stalls in two Barns

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Lexington Rd

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0 500 1,000 1,500250Feet

0 100 200 30050Meters

38° 3' 22''

84°

39' 3

7''

38° 2' 36''

84°

39' 3

8''

38° 2' 37''

38° 3' 22''84

° 40

' 21'

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' 19'

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Map Scale: 1:6,690 if printed on A size (8.5" x 11") sheet.

Farmland Classification—Jessamine and Woodford Counties, Kentucky

Natural ResourcesNatural ResourcesNatural ResourcesNatural ResourcesConservation ServiceConservation ServiceConservation ServiceConservation Service

Web Soil SurveyNational Cooperative Soil Survey

6/24/2013Page 1 of 3

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Farmland Classification

Farmland Classification— Summary by Map Unit — Jessamine and Woodford Counties, Kentucky (KY624)

Map unit symbol Map unit name Rating Acres in AOI Percent of AOI

Hu Huntington silt loam Prime farmland if protected fromflooding or not frequentlyflooded during the growingseason

3.8 4.4%

MnC McAfee silt loam, 6 to 12 percentslopes

Farmland of statewideimportance

7.8 9.1%

MnD McAfee silt loam, 12 to 20 percentslopes

Not prime farmland 0.4 0.4%

Ne Newark silt loam Prime farmland if drained andeither protected from floodingor not frequently flooded duringthe growing season

3.5 4.1%

uBlmB Bluegrass-Maury silt loams, 2 to 6percent slopes

All areas are prime farmland 49.1 57.4%

uMlmC Maury-Bluegrass silt loams, 6 to12 percent slopes

Farmland of statewideimportance

21.0 24.5%

Totals for Area of Interest 85.5 100.0%

Description

Farmland classification identifies map units as prime farmland, farmland ofstatewide importance, farmland of local importance, or unique farmland. It identifiesthe location and extent of the soils that are best suited to food, feed, fiber, forage,and oilseed crops. NRCS policy and procedures on prime and unique farmlandsare published in the "Federal Register," Vol. 43, No. 21, January 31, 1978.

Rating Options

Aggregation Method: No Aggregation Necessary

Tie-break Rule: Lower

Farmland Classification–Jessamine and Woodford Counties, Kentucky

Natural ResourcesConservation Service

Web Soil SurveyNational Cooperative Soil Survey

6/24/2013Page 3 of 3

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Biederman Real Estate & Auctioneers

1076 Wellington Way Lexington, Kentucky 40513

Phone (859) 277-2030 FAX (859) 277-6189

ABSOLUTE AUCTION PURCHASE CONTRACT

Date___________

This AUCTION PURCHASE CONTRACT (herein "CONTRACT") is

made and entered into this the 30th day of May, 2015, by and between Pecasa

LLC c/o (Francisco Perzcalva) (hereinafter "Seller and

_________________________________________________________________,

(herein "PURCHASER" whether one or more) and Biederman Real Estate &

Auctioneers, duly licensed by the Commonwealth of Kentucky as real estate

brokers and auctioneers, 1076 Wellington Way, Lexington, Fayette County,

Kentucky 40513 Kirkpatrick and Company (herein "Selling Agent" or "Agents").

W I T N E S S E T H T H A T:

SELLER is authorized to sell, and has granted to AGENT an exclusive

contract authorizing AGENT to sell the property containing 85 +/- acres located at

3500 Lexington Road, Versailles, KY 40383 SELLER further instructed AGENT

to sell the property at Absolute Auction.

At the conclusion of the auction held the day, month and year first above

written ___________________________________________________________

was the successful bidder and deemed to be the PURCHASER.

For and in consideration of the final bid of $__________________ and a

Ten percent (10%) Buyer’s Premium of $ _________________ for a total

purchase price of $______________ the SELLER does hereby agree to sell to

PURCHASER and PURCHASER does hereby agree to purchase from SELLER

the property hereinabove described.

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1. The total purchase price of $__________________ of the said

property is payable as follows:

A. The sum of $____________________, representing Ten percent (10%) of the

total purchase price, a check for which simultaneously with the execution of this

contract, shall be presented to Biederman Real Estate for immediate deposit into

its escrow account for payment to SELLER at the closing of the said property or

returned to PURCHASER or to be paid to SELLER under other provisions hereof,

if applicable.

B. The sum of $_________________, representing the balance of

the total purchase price, shall be paid to SELLER at the closing.

2. Closing of this said sale shall be held on or before thirty (30) days,

at such location as may be acceptable to both PURCHASER and SELLER. Time

shall be of the essence in closing this sale.

3. At the closing, SELLER shall deliver to PURCHASER, or his

nominee, a General Warranty Deed conveying title to the said property, free and

clear of all encumbrances excepting easements, restrictions and conditions of

record or as herewith set out and health and zoning regulations and other

governmental regulations, if any.

4. SELLER agrees to deliver to PURCHASER complete possession

of the property at the time of the closing.

5. All ad valorem taxes for the year 2015 assessed against the said

property are to be prorated to the date of the closing and SELLER shall pay the

transfer tax.

6. In the event that the title to the property should prove

unmerchantable in the opinion of the attorney for PURCHASER, SELLER shall

be notified in writing of any such defect(s) and SELLER shall have thirty (30)

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days from the receipt of said written notice within which to correct said defect(s)

and this CONTRACT shall be extended accordingly. In the event that title to the

said property finally proves unmerchantable, then the amount of

$_________________ shall be returned to PURCHASER and this CONTRACT

shall be declared null and void. In the event the PURCHASER, for any reason

other than failure of merchantability of title, fails to consummate this

CONTRACT, SELLER shall retain the sum of $__________________ herewith

deposited, as liquidated damages and declare this CONTRACT null and void

and/or pursue such other remedies as the law may provide.

7. The property is to be sold as a single entity.

8. This CONTRACT is binding upon the parties hereto, their heirs,

successors, personal representatives and assigns.

9. NO SURVIVAL OR SELLER OBLIGATION. The acceptance of

a deed by the PURCHASER shall be deemed to be a full performance and

discharge of every obligation on the part of the SELLER and the AGENT to be

performed pursuant to this CONTRACT.

11. SELLER agrees to pay AGENT a commission as set forth in a

contract granting AGENT exclusive right to sell said property at Auction.

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We the undersigned have read this CONTRACT and fully understand the

contents therein, and understand that this is the complete content of said

CONTRACT and acknowledge the receipt of same. Further, we acknowledge that

we are not relying on any verbal statements or representations by either the

SELLERS or AGENT.

IN WITNESS WHEREOF, the parties have hereunto set their hands this

the day, month and year first above written.

SELLER:

Pecasa LLC c/o (Francisco Perezcalva)

By:________________________________ Date:__________ Time: ________

Title__________________________________

PURCHASERS:

Date: __________ Time: ________ _____________________________

_____________________________ Date: __________ Time: ____

AGENT:

Biederman Real Estate & Auctioneers

_______________________ Tom Biederman, Auctioneer

Date: __________ Time: ________

Kirkpatrick and Company

_______________________ Zach Davis, Broker

Date: __________ Time: ________

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AUCTION REGISTRATION FORM Complete and return this Registration Form immediately in order to be eligible to bid.

Bidder Number: __________________ Business Phone: __________________ (To be filled in by auctioneer)

AUCTION ADDRESS: _________________________________________________

NAME: _____________________________________________ HOME PHONE: ___________________

ADDRESS: ____________________________________________________________________________

CITY: ________________________________________ STATE: _____________ ZIP: ______________

EMPLOYER: ___________________________________ DRIVER’S LICENSE # __________________

EMAIL: ___________________________________________

BANKING INFORMATION:

BANK: _______________________________________________ ACCT # ________________________

ADDRESS: ________________________________________________ ZIP: _______________________

CONTACT: ________________________________________ PHONE: ___________________________

I HAVE received, read, and accepted the Terms and Conditions of Sale for the Auction which is set forth in the Terms and Conditions and incorporated herein by reference. I hereby give permission to Biederman Real Estate and Auctioneers to verify all credit references.

DATE: _____________________ BUYER SIGNATURE: _____________________________________

BROKER/AGENT PARTICIPATION(Agent Participation/Registration form, must be filled out and returned to Biederman Real Estate & Auc-

tioneers no later than 24 hours prior to sale. Subject to Auctioneer Approval)

I hereby name __________________________________ of ___________________________ Real Estate,

________________________________________________________, ____________________________, (address) (phone)

as my designated agent in the Auction of ______________________________________________.

BUYER SIGNATURE: ______________________________ BROKER/AGENT: ___________________

Time: _____________ Date:________________ Tom Biederman, Broker/Auctioneer

1076 Wellington Way, Lexington KY 40513 Phone: (859) 277-2030 Fax: (859) 277-6189

www.biedermanbrokerage.com Received by Biederman Real Estate & Auctioneers: Time ________________ Date ____________

DRAFTBiederman Real Estate will strive to represent our clients,

both buyers and sellers, with the utmost responsibility. Our representatives will always work to our highest abilities to

provide successful transactions for all parties.