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. The auction tracts are identified or described in the Revised Auction Tract Map which is included in your Bidder’s Packet as Exhibit A. 3. You may bid on any tract or combination of tracts or the entire property, except that Tract 2 is a “swing tract” and may be purchased only by an adjoining landowner or as part of a tract combination that includes Tract 1 and/or Tract 3. 4. Bidding will remain open on individual tracts and combinations until the close of the auction. Bidding will be on a lump sum basis. Minimum bids are at the auctioneer’s discretion. 5. Bids are not contingent on financing, so be sure you have arranged financing, if needed, and are able to pay cash at closing. 6. The Seller 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.

BIDDING PROCEDURES TO KEEP IN MIND. 1. This sale has been authorized by the U.S. Bankruptcy Court. Your Bidder’s Packet includes a copy of the bid procedures approved by the court for this sale. 2. 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. The auction tracts are identified or described in the Revised Auction Tract Map which is included in your Bidder’s Packet as Exhibit A. 3. You Tract 7 and Tract 8 are offered as individual tracts only and may not be combined with any other tract. Subject to the foregoing restriction, you may bid on any tract or combination of tracts or the entire property, except that Tract 2 is a “swing tract” and may be purchased only by an adjoining landowner or as part of a tract combination that includes Tract 1 and/or Tract 3. 4tracts. Bidding will remain open on individual tracts and all permitted combinations until the close of the auction. 4. Bidding will be on a lump sum basis. Minimum bids are at the auctioneer’s discretion. 5. Bids are Your bidding is not contingent on conditional upon financing, so be sure you have arranged financing, if needed, and are able to pay capable of paying cash at closing. 6. The Seller is present Tract 7 will be sold to the highest bidder regardless of price. All other tracts will be sold to the highest bidders if and we anticipate that only if the top bid(s) at the close aggregate total of the auction will high bids is equal to or greater than the unpublished reserve amount. 7. Acceptance by Seller shall be accepted. The final bid(s), however, are subject to the effective upon delivery of Seller’s acceptance or rejectionsignature(s) by Friday, July 1, 2016 in accordance with Section 16 of the Agreement to Purchase.

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. The An auction tracts are identified or described in the Revised Auction Tract Map which tract map is included in your Bidder’s Packet as Exhibit A. 3. A. You may bid on any tract or combination of tracts or the entire property, except that Tract 2 6 is a “swing tract” and may must be combined with Tract 4 and/or Tract 5 or purchased only by an adjoining landowner or as part of a tract combination that includes Tract 1 and/or Tract 3landowner. 43. Bidding will remain open on individual tracts and combinations until the close of the auction. Bidding will be on a lump sum basis. Minimum bids are at the auctioneer’s discretion. 54. Bids are not contingent on financing, so be sure you have arranged financing, if needed, and are able to pay cash at closing. 5. The auction property has multiple co-owners. One or more individual owners may bid on their own behalf or together. 6. The Seller is authorized representatives of the Sellers are 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 Sellers’ acceptance or rejection.

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. The auction tracts Auction tract maps and acre estimates are identified or described in the Revised Auction Tract Map which is included in your Bidder’s Packet as Exhibit A. As an update to the auction brochure, the west 20± acres of the original Tract 8 is being offered as Tract 21 and Tract 8 is now approximately 31± acres, as shown in Exhibit A. 3. You may bid on any tract or combination of tracts or the entire propertytracts, except that Tract 2 is a “swing 21 cannot be combined with any other tract” and may be purchased only by an adjoining landowner or as part of a tract combination that includes Tract 1 and/or Tract 3. 4. Bidding will remain open on individual tracts and combinations until the close of the auction. 4. Bidding will be on a lump sum basis. Minimum bids are at the auctioneer’s discretion. 5. Bids are not contingent on financing, so be sure you have arranged financing, if needed, and are able to pay cash at closing. 6. The Seller is present and we anticipate that the top bid(s) high bids at the close of the auction will be accepted. The final bid(s)Each high bid, however, are is subject to the Seller’s acceptance or rejection.

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. The As an update to the marketing materials, the home previously identified as Tract 9 has been withdrawn from the auction tracts are identified or described and the boundary lines have been adjusted in the Revised Auction southwest part of Tract Map which 3. A revised auction tract map is included in your Bidder’s Packet as Exhibit A. 3. You may bid on any tract or combination of tracts or the entire property, except that Tract 2 is a “swing tract” and may be purchased only by an adjoining landowner or as part of a tract combination that includes Tract 1 and/or Tract 3. 4. Bidding will remain open on individual tracts and combinations until the close of bidding, at which time the auctionfinal bid(s) will consist of the bid or combination of bids resulting in the highest total price (whether a single bid on the entire property or a combination of multiple non-overlapping bids). 4. Bidding will be on a lump sum basis. Minimum bids are at the auctioneer’s discretion. 5. Bids are not contingent on upon financing, so be sure you have arranged financing, if needed, and are able to pay capable of paying cash at closing. 6. The Seller is present All tracts are offered without reserve and we anticipate that the top bid(s) at the close of the auction will be accepted. The final bid(s), however, are subject sold to the Seller’s acceptance or rejectionhigh bidder(s) regardless of 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. The A revised auction tracts are identified or described in the Revised Auction Tract Map which tract map is included in your Bidder’s Packet as Exhibit A.A showing additional land included with Tract 9 (based on the pre-auction survey). Exhibit A also shows minor adjustments to other boundary lines (including the line between Tracts 7 and 8) and revised acre estimates for Tracts 3, 6, 7, 8 and 9. 3. You may bid on any tract or combination of tracts or the entire property, except that Tract 2 is a “swing tract” and may be purchased only by an adjoining landowner or as part of a tract combination that includes Tract 1 and/or Tract 3. 4. Bidding will remain open on individual tracts and combinations until the close of the auction. 4. Bidding will be on a lump sum basis. Minimum bids are at the auctioneer’s discretion. 5. Bids are not contingent on financing, so be sure you have arranged financing, if needed, and are able to pay cash at closing. 6. The Seller 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.

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. The auction tracts tract maps are identified or described in the Revised Auction Tract Map which is included in your Bidder’s Packet as Exhibit A.A. As an update to the marketing materials, Exhibit A reflects adjustments to the acre estimates for Tracts 1, 3 and 11. 3. You may bid on any tract or combination of tracts or the entire property, except that Tract 2 13 is a “swing tract” and may be purchased only by an adjoining landowner or as part of a tract combination that includes Tract 1 11 and/or Tract 312. 4. Bidding will remain open on individual tracts and combinations until the close of the auction. Bidding will be on a lump sum basis. Minimum bids are at the auctioneer’s discretion. 5. Bids are not contingent on financing, so be sure you have arranged financing, if needed, and are able to pay cash at closing. 6. The authorized agent of the Seller 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.