Common use of BIDDING PROCEDURES TO KEEP IN MIND Clause in Contracts

BIDDING PROCEDURES TO KEEP IN MIND. 1. All bidding is open to the public. You will need to raise your hand or call out your bid as the auctioneer asks for bids. It is easy! Don't be bashful! This is a one-time opportunity. Watch the auctioneer and his bid assistants. They will take your bid and will assist you with any questions. 2. For bidding purposes, the auction tracts are identified by reference to the tract numbers shown in Exhibit A in your Bidder’s Packet. Tracts 1 - 18 consist of the mineral rights identified in the marketing materials as Mineral Packages 1 - 18, respectively, and are hereinafter referred to as the “Mineral Tracts”. The descriptions have been updated for some of the Mineral Tracts, as shown in Exhibit A. Tracts 19 - 22 consist of the surface rights identified in the marketing materials as Surface Tracts 1 - 4 and are hereinafter referred to as the “Surface Tracts”. The configuration and acre estimates for some of the Surface Tracts have been revised, as shown in Exhibit A. 3. You may bid on any tract or combination of tracts or the entire property. Bidding will remain open on individual tracts and on combinations until the close of the auction. 4. Bidding will be on a lump sum basis. Minimum bids are at the discretion of the auctioneer. 5. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at Closing. 6. The final bid(s) are subject to the Seller’s acceptance or rejection. Seller’s acceptance may be executed and delivered on or before February 4, 2019. 7. The individual trustees of the Xxxx and Xxxxx Xxxxxxxx Foundation reserve the right to bid on their own behalf or on behalf of an entity owned by one or more of such trustees.

BIDDING PROCEDURES TO KEEP IN MIND. 1. All bidding is open to the public. You will need to raise your hand or call out your bid as the auctioneer asks for bids. It is easy! Don't be bashful! This is a one-time opportunity. Watch the auctioneer and his bid assistants. They will take your bid and will assist you with any questions. 2. For bidding purposes, the A revised auction tracts are identified by reference to the tract numbers shown in Exhibit A map is included in your Bidder’s Packet. Tracts 1 - 18 consist Packet as Exhibit A. As an update to the marketing materials, part of the mineral rights identified original Tract 12 is now offered as Tract 13 and the route of the new easement has been revised to extend to the new north boundary of Tract 12. Also, Exhibit A is intended to better reflect the east- west and north-south dimensions of all tracts which are shown slightly out of proportion in the marketing materials as Mineral Packages 1 - 18, respectively, and are hereinafter referred to as the “Mineral Tracts”. The descriptions have been updated for some of the Mineral Tracts, as shown in Exhibit A. Tracts 19 - 22 consist of the surface rights identified in the marketing materials as Surface Tracts 1 - 4 and are hereinafter referred to as the “Surface Tracts”. The configuration and acre estimates for some of the Surface Tracts have been revised, as shown in Exhibit A.materials. 3. You may bid on any tract or individual tract, any combination of tracts two or the entire propertymore of Tracts 1 - 8, or any combination of two or more of Tracts 9 - 13. (Tracts 1 - 8 may not be combined with Tracts 9 - 13.) 4. Bidding will remain open on the individual tracts and on all permitted combinations until the close of the auction. 4. Bidding will be on a lump sum basis. Minimum bids are at the discretion of the auctioneer’s discretion. 5. Your bidding is Bids are not conditional upon contingent on financing, so be sure you have arranged financing, if needed, and are capable of paying able to pay cash at Closingclosing. 6. The final bid(s) bids are subject to the Seller’s acceptance or rejection. Seller’s acceptance may be executed and delivered on or before February 4, 2019. 7. The individual trustees the evening of the Xxxx and Xxxxx Xxxxxxxx Foundation reserve auction or any time the right to bid on their own behalf or on behalf of an entity owned by one or more of such trusteesfollowing day.

BIDDING PROCEDURES TO KEEP IN MIND. 1. All bidding is open to the public. You will need to raise your hand or call out your bid as the auctioneer asks for bids. It is easy! Don't be bashful! This is a one-time opportunity. Watch the auctioneer and his bid assistants. They will take your bid and will assist you with any questions. 2. For bidding purposes, Auction tract maps and acre estimates are included in your Bidder’s Packet as Exhibit A. Some of the auction tracts are tract maps and acres estimates have been revised during the marketing period. Please note, in particular, that the land advertised as Tract 20 in the original marketing materials is being offered in five separate pieces (identified by reference as Tracts 20, 86, 87, 88 and 89) and Tracts 55, 60, 61, 62 and 73 have been withdrawn from the auction. All updates to the tract numbers shown maps and acre estimates are reflected in Exhibit A and are listed in a “Summary of Updates to Auction Tract Maps” which is included in your Bidder’s Packet. Tracts 1 - 18 consist of All bidding shall be based on the mineral rights identified in the marketing materials as Mineral Packages 1 - 18, respectively, and are hereinafter referred to as the “Mineral Tracts”. The descriptions have been updated for some of the Mineral Tracts, as shown in Exhibit A. Tracts 19 - 22 consist of the surface rights identified in the marketing materials as Surface Tracts 1 - 4 and are hereinafter referred to as the “Surface Tracts”. The configuration auction tract maps and acre estimates for some of the Surface Tracts have been revised, as shown in Exhibit A. 3. You may bid on any individual tract or and/or any combination of tracts tracts, except that Tract 78 is a “swing tract” and may be purchased only by an adjoining landowner or the entire propertyas part of a tract combination that includes Tract 75 and/or Tract 77. 4. Bidding will remain open on individual tracts and on all combinations until the close of the auction. 4. Bidding will be on a lump sum basis. Minimum bids are at the discretion of the auctioneer. 5. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at Closingclosing. 6. The final bid(s) are Seller is present and we anticipate that the high bids at the close of the auction will be accepted. Each high bid, however, is subject to the Seller’s acceptance or rejection. Seller’s acceptance may be executed and delivered on or before February 4, 2019. 7. The individual trustees of the Xxxx and Xxxxx Xxxxxxxx Foundation reserve the right to bid on their own behalf or on behalf of an entity owned by one or more of such trustees.

BIDDING PROCEDURES TO KEEP IN MIND. 1. All bidding is open to the public. You will need to raise your hand or call out your bid as the auctioneer asks for bids. It is easy! Don't be bashful! This is a one-time opportunity. Watch the auctioneer and his bid assistants. They will take your bid and will assist you with any questions. 2. For bidding purposes, the A revised auction tracts are identified by reference to the tract numbers shown in Exhibit A map is included in your Bidder’s Packet. Tracts 1 - 18 consist Packet as Exhibit A. As an update to the marketing materials, Exhibit A reflects minor adjustments with respect to: (a) the approximate depiction of the mineral rights identified boundary lines in the marketing materials as Mineral Packages 1 - 18, respectively, northwest part of Tract 5; and are hereinafter referred to as (b) the “Mineral Tracts”. The descriptions have been updated for some of the Mineral Tracts, as shown in Exhibit A. Tracts 19 - 22 consist of the surface rights identified in the marketing materials as Surface Tracts 1 - 4 and are hereinafter referred to as the “Surface Tracts”. The configuration and acre estimates for some of the Surface Tracts have been revised3, as shown in Exhibit A.4 and 5. 3. You may bid on any tract or combination of tracts or the entire property. Bidding will remain open on individual tracts and on combinations until the close of the auction. 4. Bidding will be on a lump sum basis. Minimum bids are at the discretion of the auctioneer’s discretion. 5. Your bidding is Bids are not conditional upon contingent on financing, so be sure you have arranged financing, if needed, and are capable of paying able to pay cash at Closingclosing. 6. The Sellers are present and we anticipate that the top bid(s) at the end of the auction will be accepted. The final bid(s) ), however, are subject to the Seller’s Sellers’ acceptance or rejection. Seller’s acceptance may be executed and delivered on or before February 4, 2019. 7. The individual trustees of the Xxxx and Xxxxx Xxxxxxxx Foundation reserve the right to bid on their own behalf or on behalf of an entity owned by one or more of such trustees.

BIDDING PROCEDURES TO KEEP IN MIND. 1. All bidding is open to the public. You will need to raise your hand or call out your bid as the auctioneer asks for bids. It is easy! Don't be bashful! This is a one-time opportunity. Watch the auctioneer and his bid assistants. They will take your bid and will assist you with any questions. 2. For bidding purposesThe terms of sale are contained in the applicable form of Contract to Purchase, including Exhibit A, Exhibit B and this Exhibit C, all of which have been posted to the auction website and are included in each Bidder’s Packet. There are two forms of the Contract to Purchase, one for the purchase of Tract 1 and/or Tract 2 and one for the purchase of Tract 3. 3. The auction tracts are identified by reference to the tract numbers shown in Exhibit A in your Bidder’s Packet. Tracts 1 - 18 consist of the mineral rights identified in the marketing materials as Mineral Packages 1 - 18, respectively, and are hereinafter referred to as the “Mineral Tracts”. The descriptions have been updated for some of the Mineral Tracts, as shown number in Exhibit A. Tracts 19 - 22 consist of the surface rights identified in the marketing materials 1 and 2 may be purchased as Surface Tracts 1 - 4 and are hereinafter referred to as the “Surface Tracts”. The configuration and acre estimates for some of the Surface Tracts have been revised, as shown in Exhibit A. 3. You may bid on any tract or combination of individual tracts or the entire property. Bidding as a combined unit and bidding will remain open on the individual tracts and on combinations the combination until the close of the auction. Tract 3 may not be combined with any other tract. 4. Bidding will be on a lump sum basis. Minimum bids are at the discretion of the auctioneer’s discretion. 5. Your bidding is Bids are not conditional upon contingent on financing, so be sure you have arranged financing, if needed, and are capable of paying able to pay cash at Closingclosing. 6. The Seller’s authorized representative is present and we anticipate that the top bid(s) at the close of the auction will be accepted. The final bid(s) ), however, are subject to the Seller’s acceptance or rejection. Seller’s acceptance may be executed and delivered on or before February 4, 2019. 7. The individual trustees of the Xxxx and Xxxxx Xxxxxxxx Foundation reserve the right to bid on their own behalf or on behalf of an entity owned by one or more of such trustees.

BIDDING PROCEDURES TO KEEP IN MIND. 1. All bidding is open to the public. You will need to raise your hand or call out your bid as the auctioneer asks for bids. It is easy! Don't be bashful! This is a one-time opportunity. Watch the auctioneer and his bid assistants. They will take your bid and will assist you with any questions. 2. For bidding purposesThe terms of sale are contained in the form of Agreement to Purchase, Exhibit A and this Addendum A which have been posted to the auction website and are included in each Bidder’s Packets. 3. The auction tracts are identified by reference to the tract numbers shown and described in Exhibit A in your Bidder’s Packet. Tracts 1 - 18 consist A. Please note that all of the mineral rights properties previously identified in the marketing materials as Mineral Packages 1 - 18, respectively, Tracts 11 thru 15 have been combined and are hereinafter referred to now being offered as the “Mineral Tracts”. The descriptions have been updated for some of the Mineral Tracts, a single tract identified as shown in Exhibit A. Tracts 19 - 22 consist of the surface rights identified in the marketing materials as Surface Tracts 1 - 4 and are hereinafter referred to as the “Surface Tracts”. The configuration and acre estimates for some of the Surface Tracts have been revised, as shown in Exhibit A.Tract 11. 34. You may bid on individual tracts or any tract or combination of tracts two or the entire propertymore tracts. Bidding will remain open on individual tracts and on combinations until the close of the auction. 45. Bidding will be on a lump sum basis. Minimum bids are at the discretion of the auctioneer’s discretion. 56. Your bidding is Bids are not conditional upon contingent on financing, so be sure you have arranged financing, if needed, and are capable of paying able to pay cash at Closing. 6. The final bid(s) are subject to the Seller’s acceptance or rejection. Seller’s acceptance may be executed and delivered on or before February 4, 2019closing. 7. All tracts will be sold to the high bidder(s) without reserve and regardless of price. The individual trustees high bid(s) will consist of each bid that is part of the Xxxx and Xxxxx Xxxxxxxx Foundation reserve Highest Bid Completion when the right auctioneer announces the close of bidding. The “Highest Bid Completion” refers to the bid on their own behalf or on behalf combination of an entity owned by one or more of such trusteesbids resulting in the highest total price.

BIDDING PROCEDURES TO KEEP IN MIND. 1. All bidding Bidding is open to registered bidders who have made arrangements with the publicAuction Company to bid online or via telephone. You The auction will need to raise your hand or call out your bid as be conducted by and at the direction of the auctioneer asks calling for bids. It is easy! Don't be bashful! This is a one-time opportunity. Watch the auctioneer and his bid assistants. They will take your bid and will assist you with any questionsbids via live simulcast. 2. For bidding purposesThe terms of sale are contained in the following documents, all of which have been posted to the auction tracts are identified by reference website and included in the Bidder’s Packets distributed via mail and/or email prior to the tract numbers shown in auction: • Agreement to Purchase; • Exhibit A in your Bidder(Auction Tract Maps); • Exhibit B (these bidding procedures and auction announcements); • Exhibit C (Seller’s PacketAddendum); and • Exhibit D (Tract 3 Addendum; applies to Tract 3 only). 3. Tracts 1 - 18 consist of the mineral rights identified in As an update to the marketing materials as Mineral Packages 1 - 18materials, respectivelyExhibit A reflects minor adjustments to the depiction of Tracts 1, 2 and 3 and a revised acre estimate for Tract 9. These updates are hereinafter referred to as based on the “Mineral Tracts”. The descriptions have been updated for some of the Mineral Tracts, as shown in Exhibit A. Tracts 19 - 22 consist of the surface rights identified in the marketing materials as Surface Tracts 1 - 4 and are hereinafter referred to as the “Surface Tracts”. The configuration and acre estimates for some of the Surface Tracts have been revised, as shown in Exhibit A.pre-auction surveys. 34. You may bid on any individual tract or any combination of tracts or the entire propertytracts, except that Tract 3 cannot be combined with any other tract(s). Bidding will remain open on individual tracts and on combinations until the close of the auction. 45. Bidding will be on a lump sum basis. Minimum bids are at the discretion of the auctioneer’s discretion. 56. Your bidding is Bids are not conditional upon contingent on financing, so be sure you have arranged financing, if needed, and are capable of paying able to pay cash at Closingclosing. 67. The final bid(s) are subject to the Seller’s acceptance or rejection. Seller’s acceptance The final bid(s) may be executed and delivered accepted by Seller any time on or before February 4Friday, 2019. 7March 26, 2021. The individual trustees of Individual(s) associated with the Xxxx and Xxxxx Xxxxxxxx Foundation reserve the right to Auction Company may bid on their own behalf or on behalf of an entity owned by one or more of such trusteesaccount and behalf.

BIDDING PROCEDURES TO KEEP IN MIND. 1. All bidding is open to the public. You will need to raise your hand or call out your bid as the auctioneer asks for bids. It is easy! Don't be bashful! This is a one-time opportunity. Watch the auctioneer and his bid assistants. They will take your bid and will assist you with any questions. 2. For bidding purposes, the A revised auction tracts are identified by reference to the tract numbers shown in Exhibit A map is included in your Bidder’s Packet. Tracts 1 - 18 consist Packet as Exhibit A. As an update to the marketing materials, the approximate depiction of the mineral rights identified in auction tract boundaries and the marketing materials as Mineral Packages 1 - 18, respectively, and are hereinafter referred to as the “Mineral Tracts”. The descriptions pre-auction acre estimates have been updated for some of adjusted based on the Mineral Tracts, as shown in Exhibit A. Tracts 19 - 22 consist of the surface rights identified in the marketing materials as Surface Tracts 1 - 4 and are hereinafter referred to as the “Surface Tracts”. The configuration and acre estimates for some of the Surface Tracts have been revisedpre- auction survey work, as shown in Exhibit A. 3. You may bid on any tract or combination of tracts or the entire property. Bidding will remain open on individual tracts and on combinations until the close of the auction. 4. Bidding will be on a lump sum basis. Minimum bids are at the discretion of the auctioneer’s discretion. 5. Your bidding is Bids are not conditional upon contingent on financing, so be sure you have arranged financing, if needed, and are capable of paying able to pay cash at Closingclosing. 6. Each of the Sellers is present (in person or by proxy) and we anticipate that the top bid(s) at the close of the auction will be accepted. The final bid(s) ), however, are subject to the Seller’s Sellers’ acceptance or rejection. Seller’s acceptance may be executed and delivered on or before February 4, 2019. 7. The individual trustees of the Xxxx and Xxxxx Xxxxxxxx Foundation reserve the right to bid on their own behalf or on behalf of an entity owned by one or more of such trustees.

BIDDING PROCEDURES TO KEEP IN MIND. 1. All bidding is open to the public. You will need to raise your hand or call out your bid as the auctioneer asks for bids. It is easy! Don't be bashful! This is a one-time opportunity. Watch the auctioneer and his bid assistants. They will take your bid and will assist you with any questions. 2. For bidding purposesThe terms of sale are contained in the form of Agreement to Purchase, Exhibit A and this Addendum A which have been posted to the auction website and are included in each Bidder’s Packets. 3. The auction tracts are identified by reference to the tract numbers shown and described in Exhibit A in your Bidder’s Packet. Tracts 1 - 18 consist A. Please note that all of the mineral rights properties previously identified in the marketing materials m terials as Mineral Packages 1 - 18, respectively, Tracts 11 thru 15 have been combined and are hereinafter referred to now being offered as the “Mineral Tracts”. The descriptions have been updated for some of the Mineral Tracts, a single tract identified as shown in Exhibit A. Tracts 19 - 22 consist of the surface rights identified in the marketing materials as Surface Tracts 1 - 4 and are hereinafter referred to as the “Surface Tracts”. The configuration and acre estimates for some of the Surface Tracts have been revised, as shown in Exhibit A.Tract 11. 34. You may bid on any individual tract or any combination of tracts two or the entire propertymore tracts. Bidding will remain open on individual tracts and on combinations until the close of the auction. 45. Bidding will be on a lump sum basis. Minimum bids are at the discretion of the auctioneer’s discretion. 56. Your bidding is Bids are not conditional upon financingcontingent on fin ncing, so be sure you have arranged financing, if needed, and are capable of paying able to pay cash at Closing. 6. The final bid(s) are subject to the Seller’s acceptance or rejection. Seller’s acceptance may be executed and delivered on or before February 4, 2019closing. 7. All tracts will be sold t the high bidder(s) without reserve and regardless of price. The individual trustees high bid(s) will consist of each bid that is part of the Xxxx and Xxxxx Xxxxxxxx Foundation reserve Highest Bid Completion when the right auctioneer announces the close of bidding. The “Highest Bid Completion” refers to bid on their own behalf the b d or on behalf combination of an entity owned by one or more of such trusteesbids resulting in the highest total price.

BIDDING PROCEDURES TO KEEP IN MIND. 1. All bidding is open to the public. You will need to raise your hand or call out your bid as the auctioneer asks for bids. It is easy! Don't be bashful! This is a one-time opportunity. Watch the auctioneer and his bid assistants. They will take your bid and will assist you with any questions. 2. For bidding purposesThe terms of sale are contained in the Agreement to Purchase, Exhibit A (including the revised auction tract map and descriptions of Tracts 21 - 24), this Exhibit B and, if applicable, Exhibit C (the Pre-Closing Access Addendum), all of which have been posted to the auction tracts website and are identified by reference to the tract numbers shown included in Exhibit A in your each Bidder’s Packet. 3. Tracts 1 - 18 consist of the mineral rights identified in As an update to the marketing materials as Mineral Packages 1 - 18materials, respectivelyExhibit A reflects changes to the northeast boundary of Tract 7, the east boundary of Tract 13 and are hereinafter referred the southeast boundary of Tract 20 (and the corresponding changes to as the “Mineral Tracts”. The descriptions have been updated for some of the Mineral TractsTracts 6, as shown in Exhibit A. Tracts 19 - 22 consist of the surface rights identified in the marketing materials as Surface Tracts 1 - 4 12 and are hereinafter referred to as the “Surface Tracts”. The configuration and acre estimates for some of the Surface Tracts have been revised, as shown in Exhibit A.25). 34. You may bid on any tract or combination of tracts or the entire property. Bidding will remain open on individual tracts and on combinations until the close of the auction. 45. Bidding will be on a lump sum basis. Minimum bids are at the discretion of the auctioneer’s discretion. 56. Your bidding is Bids are not conditional upon contingent on financing, so be sure you have arranged financing, if needed, and are capable of paying able to pay cash at Closing. 6. The final bid(s) are subject to the Seller’s acceptance or rejection. Seller’s acceptance may be executed and delivered on or before February 4, 2019closing. 7. The individual trustees Receiver is present and we anticipate that the top bid(s) at the close of the Xxxx and Xxxxx Xxxxxxxx Foundation reserve auction will be accepted. The final bid(s), however, are subject to the right to bid on their own behalf Receiver’s acceptance or on behalf of an entity owned by one or more of such trusteesrejection.

BIDDING PROCEDURES TO KEEP IN MIND. 1. All bidding is open to the public. You will need to raise your hand or call out your bid as the auctioneer asks for bids. It is easy! Don't be bashful! This is a one-time opportunity. Watch the auctioneer and his bid assistants. They will take your bid and will assist you with any questions. 2. For bidding purposesThe terms of sale are contained in the Contract to Purchase, including Exhibit A, Exhibit B and this Exhibit C, all of which have been posted to the auction website and are included in each Bidder’s Packet. 3. The auction tracts are identified by reference to the tract numbers shown in Exhibit A in your Bidder’s Packet. Tracts 1 - 18 consist of the mineral rights identified in the marketing materials as Mineral Packages 1 - 18, respectively, and are hereinafter referred to as the “Mineral Tracts”. The descriptions have been updated for some of the Mineral Tracts, as shown number in Exhibit A. Tracts 19 - 22 consist of the surface rights identified in the marketing materials as Surface Tracts 1 - 4 and are hereinafter referred to as the “Surface Tracts”. The configuration and acre estimates for some of the Surface Tracts have been revised, as shown in Exhibit A. 3. You may bid on any tract or combination of tracts or the entire property. Bidding will remain open on individual tracts and on combinations until the close of the auction. 4. Bidding will be on a lump sum basis. Minimum bids are at the discretion of the auctioneer’s discretion. 5. Your bidding is Bids are not conditional upon contingent on financing, so be sure you have arranged financing, if needed, and are capable of paying able to pay cash at Closingclosing. 6. The Seller’s authorized representative is present and we anticipate that the top bid(s) at the close of the auction will be accepted. The final bid(s) ), however, are subject to the Seller’s acceptance or rejection. Seller’s acceptance may be executed and delivered on or before February 4, 2019. 7. The individual trustees of the Xxxx and Xxxxx Xxxxxxxx Foundation reserve the right to bid on their own behalf or on behalf of an entity owned by one or more of such trustees.