GRAVEL PIT & LAND AUCTION. WRITTEN BIDS DUE: Tuesday, September 13, 2016 by 5:00 p.m. (MDT) OWNERS: Timber Creek Ventures, LLC

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1 GRAVEL PIT & LAND AUCTION WRITTEN BIDS DUE: Tuesday, September 13, 2016 by 5:00 p.m. (MDT) OWNERS: Timber Creek Ventures, LLC 640 Acres Timber Creek Gravel Pit Glendive, MT

2 General Information The Timber Creek Gravel Pit is a turn-key active gravel pit conveniently located on 640 acres between Fallon, MT (10 miles SW) and Glendive, MT (23 Miles NE) with superb interstate access just 3 miles north of I94. Current piled inventory has been surveyed and is shown below. The initial test holes revealed at least 15,000,000 tons of raw material on approximately 430 acres with an average gravel thickness of 15 feet assumed! *NOTE: The piled crushed rock inventory survey was conducted in September 2015 at the request of the previous operator. Seller makes no representations or warranty for any quantities or the quality of the material. This chart was obtained from others and presented as a guideline ONLY. Buyers are advised to conduct their own analysis of the crushed rock. Seller has been told that the North Dakota DOT changed the specifications on the class 5 Rock. The majority of the ND Class 5 Rock was crushed to the old specifications. Glendive, MT Crushed Rock Guideline Tons ND Class 5 146,935 ND Class 8 30,475 ND Class ,285 MT Class 8 30,475 MT Class 6A 110,545 KR Seed Rock 96,625 KR Ballast 48,855 Total: 583,195 Rd. 248 (Bad Route Rd) SUBJECT PROPERTY 94 2 Yellowstone River Williston, ND Driving Directions - 85 Extended view of property location From Glendive, MT: take I-94 West for 18 miles. Take Exit 192 and turn right onto Rd 248/ Bad Route Road, head north for 3 miles. Address: 1650 Bad Route Road Glendive, MT Subject Property MONTANA Glendive, MT NORTH DAKOTA 94 Dickinson, ND Contact Due Diligence Information available online at Kevin Pifer Cell: kpifer@pifers.com

3 Property Information Description: The Timber Creek Gravel Pit is permitted by Dawson County Road Department. NOTE: While the survey conducted showed gravel reserves to be at least 15,000,000 tons of raw material on approximately 430 acres, the owners do not represent any particular quantity of reserves. It is assumed that any purchaser of the property will conduct a feasibility study of the site. SPECIAL NOTE: While the Keystone Pipeline is not yet approved for construction, it is worth noting that the Easement for construction of the pipeline is along Bad Route Road, which is the access road to the Timber Creek Pit. Dawson County owns one of the piles at the pit that is approximately 30,000 tons. It is marked and separated from the rest of the pit. The land not currently being mined is fenced off and rented to local ranchers for grazing at market rates. Property Information: Acres: 640 Acres Legal Description: 27-14N-53E - Dawson County, MT Taxes (2015): $ Aerial of test pit holes that were dug. Equipment Included: Scale: Avery Weight-Tronix BMS-HS11611 Bridge Mount Heavy Duty Truck Scale. Platform Material: Heavy Duty Checkered Steel. AWT Kit, 24 MSHA Guiderail 5 deck 116 x 11 Brackets, GR Bolting, BMS-HD, AWTX Blue Print Two 20 KW Gensets Atco Trailer (11 x 65 ) Three rooms with kitchen and bath auctions@pifers.com

4 Property Overview Map

5 Property Photos

6 Terms & Conditions PROSPECTIVE BIDDERS MUST READ THIS IMPORTANT INFORMATION! Bidding Terms and Conditions Bidding Procedure: 1 - All written bids must be received by 5:00 p.m. (MDT) on Tuesday, September 13, Written bid should be for the total amount of the total purchase price of the property. 3 - The top written bids will be invited to an Oral Bidding to be Thursday, September 15, Oral bidding can be done in person or over the phone. Terms: A ten percent (10%) earnest money deposit is required of the successful bidder on the day of the oral bidding. Balance will be due at the time of closing. Closing will be on or before November 1, Property will be sold as is, where is. Seller will furnish marketable title at time of closing. Seller reserves the right to reject any and all bids and to waive any irregularities. All statements made the day of the oral bidding take precedence over all printed materials. This sale is managed by Auction Company, Kevin Pifer, MT # All statements made the day of the auction take precedence over all printed materials. The seller reserves the right to reject or accept any and all bids th Ave South - Moorhead, MN

7 640 Acres - Timber Creek Gravel Pit Bidder Form Mail, or Fax this Bid Form to: Auction & Realty ATTN: Dave Keller / Land Auction th Ave. S. Moorhead, MN Total Bid Amount FAX: dkeller@pifers.com Name: Address: Phone: I understand & agree to all the terms & conditions for this sale. Signature: Please detach this sheet for mailing

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