AUCTION TERMS & CONDITIONS ANNOUNCEMENTS AND STATEMENTS MADE BY HAYDEN OUTDOORS AT AND/OR DURING THE AUCTION WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR OTHER ORAL STATEMENTS. PROSPECTIVE BUYERS ARE ADVISED TO CONSULT WITH AN ATTORNEY OF THEIR CHOICE, WITH RESPECT TO THE PURCHASE OF ANY REAL PROPERTY INCLUDING, BUT NOT LIMITED TO, SEEKING LEGAL ADVICE FROM THEIR OWN ATTORNEY REGARDING DISCLOSURES AND DISCLAIMERS SET FORTH BELOW. AUCTION LOCATION: ONLINE ONLY, JULY 24-30. AUCTION FORMAT: This auction is an Online Auction, will be offered for sale to the highest bidder(s), and will be sold subject to Seller confirmation. The property will be offered in separate parcels. Our goal is to realize the highest return to the seller, and to satisfy all interested parties by allowing bidders, who are interested, to have the same opportunity. Upon completion of the auction, a 7% buyer's premium will be added to the final bid price(s) to determine the total contract sale price. Bidding is allowed to all registered bidders. Bidders will be required to preregister online and provide required information in order to receive bidder authorization. AUCTION PROCEDURES: Conduct of the auction and increments of bidding are at the direction and discretion of Hayden Outdoors. Announcements made by Hayden Outdoors representative, or auctioneer, supersede all previously printed material. Auction is open to registered bidders. In the event of a dispute between bidders, the Auctioneer shall make the final decision to accept the final bid, to re-offer and re-sell the property, or to remove the property from the auction. If any disputes should arise following the auction, the Auctioneer's records shall be conclusive. Property(ies) are sold AS IS, WHERE IS, with NO Contingencies allowed. AUCTION REGISTRATION: All parties seeking to bid on the properties offered at auction must register online prior to the auction conclusion. Bidders are encouraged and may register prior to the auction. Same day registration will be allowed, and bidders should allow enough time to register and receive a bid number prior to auction. All bidders will be required to complete a statement ("Bidders Registration") prior to commencement of bidding that the bidder has inspected the property and sale documents and is financially capable of closing the transaction. All bidding is open to the public and the property is offered for sale to qualified purchasers without regard to sex, race, color, religion, natural origin, or handicap. REQUIREMENTS OF THE HIGH BIDDER(S): Immediately following the conclusion of the auction, the highest bidder(s) shall enter into and sign a Colorado Real Estate Buy/Sell Contract for the total contract sale price. Required earnest money deposit to be in the form of wired funds, a personal, business, or corporate check for minimum of 10% non-refundable earnest money (or per contract), which is due upon the signing of the contract and to be deposited with First American Title Company. Purchase contract shall not be contingent upon inspection, appraisal, or financing and shall be a Specific Performance contract. Terms and conditions of the detailed brochure and oral announcements shall be incorporated into and made part of this contract. CLOSING: Purchaser(s) shall pay in cash, electronic transfer funds, or cashier's check (Good Funds), the balance of purchase price (purchase price less earnest money deposit), plus their respective closing costs, and sign and complete all customary or required documents at closing, which is on or before Aug. 31, 2020. Closing to be conducted by First American Title Company and the closing agent fees to be split equally between Sellers and Purchaser(s). POSSESSION: Possession of property upon completion of fall harvest. Current crops will remain the property of the Seller. Seller will be responsible for the harvesting of those crops. PROPERTY CONDITION: The prospective Purchaser(s) should verify all information contained herein. All prospective bidders are urged to fully inspect the property, its condition, and to rely on their own conclusions and the property is being sold AS IS, WHERE IS, without warranty, representation or recourse to Sellers or Sellers Agents. TITLE: Sellers to pass title by Special Warranty Deed. The Purchaser(s) to receive a TBD title commitment within the Property Information Packet, updated title commitment with the Purchaser(s) name, lender, purchase price, and all supplements and additions thereto after auction, and an owner's title insurance policy in an amount equal to the Purchase Price after closing. Title Insurance to be used as evidence of marketable title and cost of the premiums to be that of the Sellers. Property to be sold subject to existing roads and highways; established easements and rights-of-ways; other matters affected by title documents shown within the title commitment; and zoning, building, subdivision, and other restrictions and regulations of record. Title commitments are available for review and are incorporated into the Property Information Packet at the auction and will be incorporated and made a part of the Real Estate Purchase Contract. REAL ESTATE TAXES: Taxes shall be prorated to the Day of Closing with Sellers paying all taxes prior to closing. LEGAL DESCRIPTION: Legal Descriptions are subject to existing fence/field boundaries or land- use trades, if any. MINERALS: NONE NOXIOUS WEEDS: N/A ACREAGES: All stated acreages are approximate and are obtained from either the county tax records, current legal descriptions, and/or aerial photos, and FSA information. No warranty is expressed or implied as to exact acreages of property. All bids are for the total parcel without regard to exact acreage. There will be no adjustment in the purchase price of the acreage is different than what is stated in this brochure and/or stated at the auction. The detail brochure includes the estimated taxed acres. All price per acre calculations in the initial brochure, detailed brochure, and visual presentation at the auction are based on the Jefferson County Assessor records. Any crop, base and harvest numbers are from FSA and NRCS dryland measurements. MULTIPLE PARTY BID: If several parties go together and collectively bid on parcels and the Multiple Party Bid is the highest bid, at the conclusion of the auction each party within the Multiple Party Bid shall identify and agree to sign separate contract(s), pay for their respective separate parcel(s) at closing, and if they so desire, pay for a metes & bounds survey and additional title insurance premium to create the legal description of their respective separate parcel. The collective purchase prices for the separate Parcel(s) shall equal the total Multiple Party Bid. ANNOUNCEMENTS: This is a Seller Confirmation auction. The information contained herein has either been given to us by the owners of the properties or obtained from sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Hayden Outdoors and the Sellers assume no responsibility for the omissions, corrections or withdrawals. The prospective Purchaser(s) should verify all information contained herein. All prospective bidders are urged to fully inspect the property, its condition and to rely on their own conclusions. All property is to be sold AS IS, WHERE IS, without warranty, representation or recourse to Sellers. Purchase contract shall not be contingent upon inspection, appraisal, or financing and shall be a Specific Performance contract. Hayden Outdoors and all other agents of Broker are or will be acting as a Transaction Broker unless noted otherwise. Announcements made by Hayden Outdoors at the time of sale will take precedence over any previously printed material or other oral statements. Hayden Outdoors reserves the right to require bank references upon request and reserves the right to refuse bids from any bidder. Bidding increments at the discretion of the Broker and/or Auctioneer.

This oustanding farmland offering is being offered by online only auction in two tracts. Owned and farmed by the same family for 45 years. This prime Avandale irrigated farm area is known for its ability to grow a diverse variety of crops, ranging from hay to various fruits and vegetables. Parcel 1: This property offered is a 70.71-acre irrigated tract located just south of Avondale and extending along the north side of Olson Road (approximately one-half mile west of Avondale Boulevard). The Avondale area is recognized for the variety of crops that can be grown, ranging from hay to various fruits and vegetables. Seller will transfer leased water delivered via the Bessemer Ditch at one share per irrigated acre. The current lease extends for an additional nine-years. The property will also convey with a 1,405 square foot residence that is currently being leased on a month-to-month basis. Parcel 2: This 58.5-acre parcel is located a short distance southwest of Avondale at the corner of 42nd Lane and Hunsaker Road. The Avondale area is recognized for the variety of crops that can be grown, ranging from hay to various fruits and vegetables. Seller will transfer leased water delivered via the Bessemer Ditch at one share per irrigated acre. The current lease extends for an additional nine-years. The property will also convey with a small residence of 960 square feet that is currently being leased on a month-to-month basis. Parcel 3: The largest offering, consisting of (3) adjoining tracts combining for a total of 278 irrigated acres. Direct access is provided from Bus. Highway 50 between Wheeler Lane and Avondale Boulevard. The Avondale area is recognized for the variety of crops that can be grown, ranging from hay to various fruits and vegetables. Seller will transfer leased water delivered via the Bessemer Ditch at one share per irrigated acre. The current water lease extends for an additional nine-year term.