Online Auction Bidders Agreement

RE: Hunting Country Real Estate LLC Jones/Woolley Land Auction Woods County Oklahoma

THIS IS A LEGALLY BINDING DOCUMENT. IF YOU DO NOT UNDERSTAND THE TERMS AND CONDITIONS AS SET FORTH HEREIN, PLEASE CONSULT AN ATTORNEY PRIOR TO SIGNING OR BIDDING.

I ____________________________________________________________ (Bidder aka Buyer) agree to immediately sign and enter into the Real Estate Auction Purchase Agreement, if I am declared the high bidder (winning bidder) by the auctioneer for the following auction:

Jones/Woolley Land Auction located in Woods County Oklahoma offered as follows:
- Tract 1: 4.37 acres Sec 11-24N-16W Woods County Oklahoma
- Tract 2: 7.04 acres Sec 11-24N-16W Woods County Oklahoma
- Tract 3: 13.57 acres Sec 11-24N-16W Woods County Oklahoma
- Tracts 4 & 5: 29.24 acres "2 tracts combined" Sec 11-24N-16W Woods County Oklahoma
- Tract 6: 20.00 acres Sec 11-24N-16W Woods County Oklahoma
- Tract 7: 20.00 acres Sec 11-24N-16W Woods County Oklahoma
- Tract 8: (.99) acre "less than one acre" Sec 11-24N-16W Woods County Oklahoma
- Tract 9: 1 acre Sec 11-24N-16W Woods County Oklahoma
- Tract 10: 1 acre Sec 11-24N-16W Woods County Oklahoma
- Tract 11: 1 acre Sec 11-24N-16W Woods County Oklahoma
- Tract 12: 1 acre Sec 11-24N-16W Woods County Oklahoma
- Tract 13: 1 acre Sec 11-24N-16W Woods County Oklahoma
- Tract 14: 190 +/- acres NW/4 Sec 4-24N-15W Woods County Oklahoma

NOTE: See attached Surveys, Plat Maps and Legal Descriptionsfor Tracts #1 - #13 and the associated Easement

Bidding Open & Close Dates/Times:
ONLINE BIDDING OPEN: Monday, June 12, 2023 - 6:00 pm Central
ONLINE BIDDING CLOSE: Wednesday, July 12, 2023 - 6:00 pm Central

By signing below, I agree that I have read and fully understand the Online Auction Bidders Agreement, the Terms and Conditions of this auction, the Real Estate Auction Purchase Agreement, Plat Maps, Legal Descriptions and Surveys provided.

I fully understand and agree that this Online Auction Bidders Agreement MUST be signed and returned to the
auction company, prior to being allowed to bid in the Online Auction. I acknowledge and understand that Seller may require proof of funds, a bank letter of credit, or additional pre-qualification of me as a bidder. As a bidder, it is solely my responsibility to contact the auction company with any questions regarding the auction, the Auction Bidder's Agreement, the Real Estate Auction Purchase Agreement, the Terms & Conditions, Plat Map, Surveys, Legal Descriptions for each tract, additional documentation and/or pre-qualifications prior to being accepted as a bidder, and prior to placing any bids in said auction.

Online Auction Terms & Conditions

1) Seller's Confirmation: The properties are being offered in an Online Only Auction, with all bids subject to approval and Acceptance by Seller.

2) Auction Bidding Registration: Online bidder hereby acknowledges that they must be properly registered for the online auction by completing and signing the (Online Auction Bidders Agreement), which will be sent by email via DocuSign. Upon completing this registration form and receiving approval, bidding privileges will be turned on. If you need assistance with registration, you may contact Lucinda Terrel at (816) 420-6257 or by email at Lucinda@BuyHeritage.com. Seller(s) may at their sole discretion request additional registration requirements from any bidder unknown to them or the auction company.

3) Bidding Opens/Closes: The Online Only Auction (i.e. Internet Auction) bidding shall be opened and begin closing on the dates and times stated above, unless extended by Seller.

4) Property Preview: The property can be previewed by personal inspection by contacting the auction managers: Mitchell Terrel (580) 732-0504 email mitch.terrel@huntingcountry.net or Shane Terrel (580) 327-7889 email shane@huntingcountry.net or Shawn Terrel (580)747-6068 email sterrel@unitedcountry.com Property previews are encouraged prior to placing a bid in the auction. There may be livestock in a pasture, so please keep all the gates closed while inspecting. Please do not drive on any crops that may be present. Direct all questions to the auction company.

5) No Financing Contingency: By participating in this auction, bidder hereby agreesthat their bid shall NOT be subject to the bidder's ability to obtain financing. By placing a bid in this auction bidders are making a "cash offer" to purchase the property and understand that financing is NOT a contingency in the purchase agreement.

6) Buyer's Premium: A Ten Percent (10%) Buyer's Premium shall be added to the final bid price placed online, which will determine the Total Contract Sales Price. Bidders hereby understand that the Buyer's Premium shall be added to the winning bid to establish the Total Contract Sales Price that Buyers are obligated to pay for the property.

7) Purchase Contract: Upon the close of the auction the winning bidder will be forwarded (via email) the Real Estate Auction Purchase Agreement. The winning bidder hereby agrees to sign and enter into the Real Estate Auction Purchase Agreement immediately following the close of the auction. A copy of said contract executed by the winning bidder must be received by the Auction Company within 24 hours from the time said Contract was sent to the winning bidder. The Real Estate Auction Purchase Agreement may be hand delivered, electronically signed, or scanned and emailed back to the Auction Company (unaltered). A copy of the Real Estate Auction Purchase Agreement is available for review online prior to placing any bids in the auction.

8) Down Payment/Earnest Deposit: A non-refundable down payment of Ten Percent (10%) of the total contract
purchase price (in U.S. Currency) will be wire transferred or hand delivered in the form of certified funds to the
Title Company no later than 24 hours following the close of auction. See closing agents contact information
below. The balance of the purchase price will be due in full at closing.

9) Closing: Closing shall be on August 15th, 2023, or within (10) days after all title requirements (if any) are satisfied, or within (10) days after Buyer passes title without requirements or fails to make title requirements within the time allowed. Closing shall take place at the office of Woods County Abstract, 521 5th Street, Alva Oklahoma 73717 with an office phone number of 580-327-1746. Closing Agent is Jeff Mapes, and his email address is orders@woodscountyabstract.com Buyers will be afforded the opportunity to close absentee, via email, mail and wire transfer of certified funds.

10) Easements: The sale of the property is subject to easements, rights of way, restrictions and unreleased oil and gas leases of record. Additionally, there is an easement being created for this auction that is surveyed within and along the northern boundaries of tract #4, tract #6, and tract #7 that will be conveyed to all neighboring tracts within the auction that border this surveyed easement; including but not limited to Tract #'s 4, 6, 7, 8, 9, 10, 11, 12, and 13.

11)Minerals: All tracts are being offered surface only, and no mineral rights are being sold or transferred.

12) Surveys: Seller has provided surveys for Tracts #1 - #13, as well as a survey for the easement created for this auction. Seller is not obligated to furnish Buyer a survey of the subject property for Tract #14, as this tract is adequately legally described. If Buyer desires a survey for Tract #14, it shall be at the Buyer's sole cost and shall not delay Closing.

13) Possession: On Tracts #1 - #13, possession of the property will be given upon payment in full of the purchase price and transfer of title at closing. On Tract #14, possession of the property will be given upon payment in full of the purchase price, transfer of title, and immediately following expiration of the existing Agricultural Lease on January 1, 2024.

14) Title: Title to the Property will be conveyed by a Warranty Deed in a form acceptable to Seller. Seller shall provide Buyer with a Commitment for Title Insurance (the "Commitment") issued by the Title Company showing merchantable title in Seller to the Property, subject however to Standard Policy Exceptions stated in the Commitment, instruments filed of record, easements of record, visible easements, and the easement being created for this auction. All Closing costs, including initial abstract assembly, update, certification,
closing/escrow fees, deed preparation, recording fees and Title Insurance issued by the Closing Agent will be
divided equally between Seller and Buyer.

15) Taxes: The current year's real estate taxes shall be prorated to the date of closing. Current year taxes, if
unobtainable, will be based on the latest available tax rate and assessed valuation. The Seller will pay all special assessments which have matured prior to the Closing Date.

16) Online Auction Technology (Disclaimer): Under no circumstances shall Bidder have any kind of claim against the Auctioneer(s), the Broker(s) of record, or the Seller, if the Internet service fails to work correctly before, during, or after the auction. Online bidding is subject to technology faults and issues which are outside the control of the auction company. Bidder(s) are encouraged to use the "Maximum Bid" feature on the bidding platform and lock in their maximum bid amount if they are concerned about technology failure during the auction. The SELLER and/or Auction Company reserves the right to pause or extend the online auction bidding in the event of any internal or external technology failure, or other issues to preserve the integrity of the auction event and maintain a fair and impartial bidding environment.

17) Soft Close: If a bid is received within the last 3 minutes of the auction, the auction close time will automatically extend 3 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates "snipers" and encourages fair and impartial bidding from all participants.

18) Disclaimer: All information provided is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines shown on maps, photographs, videos, and other documents or marketing
representation are approximate. Bidders should verify the information to their satisfaction. Information is
subject to change without notice. There are no warranties either expressed or implied pertaining to the
property. Real estate is being sold "As-Is, Where-Is" with NO warranties expressed or implied (except warranty of title as set forth above). Please make all inspections and have financing arranged prior to bidding. The Auctioneer reserves the right to bid on behalf of the Seller up to, but not beyond the Seller's reserve price (if applicable). The property is available for and subject to sale prior to the end of auction. By participating in this auction, Buyers hereby acknowledge that any bid(s) placed by them is a binding agreement to purchase the property, subject to the bid being approved by Seller (if applicable). The sellers and the auctioneers are NOT developers and make no representations, warranties, or guarantees as to the process or approval of future use for any properties offered for sale. Buyers are required to perform their own due diligence to satisfy themselves on intended uses prior to bidding.

19) Pre-Auction Offers: The Auctioneer must present all valid written offers to the Seller, which may be created
outside of the online bidding platform. Therefore, all properties are subject to pre-auction sales prior to the
close of the auction. Pre-auction offers must meet all of the auction terms and conditions criteria and must be
submitted to the Auctioneer along with the required non-refundable down payment. Properly submitted offers
in the format of the Real Estate Auction Purchase Agreement will be presented to the Seller in a timely
manner. Seller may accept or reject such offer at their sole and absolute discretion.

LAND AUCTION - 290 +/- acres * WOODS COUNTY OKLAHOMA * ONLINE ONLY AUCTION 100+/- ACRES (Divided in 13 TRACTS) * STORAGE UNITS * LITTLE SAHARA STATE PARK DEVELOPMENT 190+/- ACRES (in 1 TRACT) * NATIVE PASTURE * GRAZING * HUNTING * HIGHWAY FRONTAGE Online Bidding Opens: Monday, June 12th @ 6:00 PM (CST) Online Bidding Closes: Wednesday, July 12th @ 6:00 PM (CST) Register & Bid Online: BidHeritage.HiBid.com Property Preview: Contact land specialist, Mitchell Terrel (580) 732-0504 to view the property. Property Directions: Tracts 1-13 are located just south of Waynoka, Oklahoma west of State Hwy 281. Tract 14 is located approx. 3 miles east of Waynoka, Oklahoma on State Hwy 281, on the south side of the highway. (Watch for Auction Signs on property). Interactive Map: https://uc.id.land/ranching/maps/9c660c2015965f173cc11abda649a999/share (You can turn on a survey map overlay by clicking on Map Legend / Map Features) Legal Descriptions: Tracts 1-13 are located in Section 11-24N-16W, and Tract 14 is located in the NW/4 of Section 4-24N-15W, all in Woods County, Oklahoma. (The complete legal descriptions provided by Surveyor and Title Company are on our website) General Description: This land auction has a diverse mixture of land types offering something for everyone, with a variety of potential development, recreational, grazing, hunting and native pastureland. Tract sizes range from 1 to 190 acres. Tracts 1-13 are located just west of State Highway 281 on the south side of Waynoka, Oklahoma near the north entrance to the Little Sahara State Park - the Sand Dunes for off-road ATV's, Dune Buggies, and Dirt Bikes recognized as "ONE OF THE BEST PLACES TO RIDE IN THE MIDWEST". These tracts range in size from 1 to 20 acres offering a variety of investment opportunities with strong potential for future growth and development. Tract 14 is a 190 +/- acre agricultural farm comprised of native pasture historically used for livestock grazing and hunting. Located east of Waynoka on State Highway 281. TRACT 1: is 4.37 acres - Income producing property with existing STORAGE UNITS, situated on the west side of State Highway 281. The fully enclosed 26 Unit storage facility's total building size is approx. 40x120 with 22 large units (10x20) and 4 smaller units (8x10). Current rental rates are $55/month and $35/month respectively. The owner is currently using 4 of the units that will become available near closing; the other 22 units are 100% occupied. Current estimated gross income based on full occupancy is $16,200.00; However, a potential upside to cash flow exists as these units are rented well-below customary rental rates for similar sized units in Oklahoma. A good portion of this land is undeveloped and could be used for additional purposes, as the storage units only account for a small portion of this tract. The tract is accessed on the east side by State Highway 281, and on the south side by Sahara Drive. TRACT 2: is 7.04 acres - Comprised of a mixture of open land, scattered thickets, and timber. It is vacant and undeveloped. The tract is accessed on the south side by Sahara Drive. TRACT 3: is 13.57 acres - Comprised of a mixture of open land, scattered thickets, and timber. It is vacant and undeveloped. The tract is accessed by Sahara Drive on the south side. The west boundary borders the off-road vehicle sand trail that connects the city of Waynoka to the Little Sahara State Park. TRACTS 4 & 5 (combined): is 29.24 acres - comprised of a mixture of open land, scattered thickets, and timber. It is vacant and undeveloped. These combined tracts are accessed by an easement across the north boundary of tract 4 that extends to State Highway 281; west end of easement borders the off-road vehicle sand trail that connects the city of Waynoka to the Little Sahara State Park. TRACT 6: is 20.00 acres - Comprised of a mixture of open land, scattered thickets, and timber. It is vacant and undeveloped. The tract is accessed by an easement across the north boundary that extends to State Highway 281; the west end of easement borders the off-road vehicle sand trail that connects the city of Waynoka to the Little Sahara State Park. TRACT 7: is 20.00 acres - Comprised of a mixture of open land, scattered thickets, and timber. The property has an old house beyond repair and of salvage value only. The seller has never occupied the house and provides no disclosures as to the condition of this structure. The tract is accessed on the east side by State Highway 281, with an additional easement across the north boundary connecting to State Highway 281; the west end of easement borders the off-road vehicle sand trail that connects the city of Waynoka to the Little Sahara State Park. TRACT 8: is .99 acres - At just under 1 acre this small tract is the furthest northwest tract shown in the survey and the smallest tract in the auction. It is accessed by an easement neighboring the southern border that extends to State Highway 281; the west end of easement borders the off-road vehicle sand trail that connects the city of Waynoka to the Little Sahara State Park. TRACT 9: is 1 acre A small development tract. It is accessed by an easement neighboring the southern border that extends to State Highway 281: west end of easement borders the off-road vehicle sand trail that connects the city of Waynoka to the Little Sahara State Park. TRACT 10: is 1 acre - A small development tract. It is accessed by an easement neighboring the southern border that extends to State Highway 281; the west end of easement borders the off-road vehicle sand trail that connects the city of Waynoka to the Little Sahara State Park. TRACT 11: is 1 acre - A small development tract. It is accessed by an easement neighboring the southern border that extends to State Highway 281; the west end of easement borders the off-road vehicle sand trail that connects the city of Waynoka to the Little Sahara State Park. TRACT 12: is 1 acre - A small development tract. It is accessed by an easement neighboring the southern border that extends to State Highway 281; the west end of easement borders the off-road vehicle sand trail that connects the city of Waynoka to the Little Sahara State Park. TRACT 13: is 1 acre - A small development tract. It is accessed by an easement neighboring the southern border that extends to State Highway 281; the west end of easement borders the off-road vehicle sand trail that connects the city of Waynoka to the Little Sahara State Park. TRACT 14: is 190 +/- acres This Agricultural/Recreational farm borders State Highway 281 and is located approximately 3 miles east of Waynoka Oklahoma. Historically the property has been used for livestock grazing and hunting. The terrain is slightly rolling with Native Grasses, thickets, scattered trees, and a pond. This farm lies on the south side of State Highway 281, with county road access along the western boundary. Key Features: Various Tract Sizes to Fit Multiple Budgets and Purposes Recreational Family Destination for Off-road Vehicle Enthusiasts Near Little Sahara State Park Affordability of Smaller Tracts Mid-sized Tracts for multi-use intentions 1 Additional Large Tract for Grazing/Hunting Investment Opportunities Existing Storage Unit Facility Minimal Competition for Development Close to Waynoka, Oklahoma AUCTIONEERS NOTE: It is a rare opportunity to purchase land close to a popular and growing recreational area near one of Oklahoma's most traveled state parks. The Little Sahara State Park is a major family destination for off-road power sports enthusiasts, claiming over 1,600 acres of public access to sand dunes ranging in height from 25 to 75 feet. The vast dunes have formed over time from terrace deposits and remnants of prehistoric times when the Cimarron River flowed over the entire area. The main attractions to the park are dune buggy & ATV riding and the park is recognized as "One of the best riding spots in the Midwest". Multiple large events happen every year near the park, drawing a multitude of visitors, including the annual Rattlesnake Hunt, Drag Races, Sand Sports, and other events. People from across the nation crowd the area on summer vacations, weekends and holidays for family fun and relaxation that support local businesses. Existing local businesses are minimal, as available land is scarce near the state park. The economically minded habitants of the area tend to be appreciative and welcoming of new entrepreneurs. Our sellers have laid the preliminary groundwork to create opportunities for intending buyers by dividing over 100 acres of family land into 13 separate surveyed tracts. Additional dozer work was performed to clear areas associated with the easement for access to multiple parcels. The sellers and the auctioneers are NOT developers and make no representations, warranties, or guarantees as to the process or approval of future use for any properties offered for sale. Buyer(s) are required to perform their own due diligence to satisfy themselves on intended uses prior to bidding or purchasing. About the Sellers: In 1997 the Jones and Woolley Families donated land to the Oklahoma Tourism and Recreation Department specifically to be used for the construction of what is now known as "Saraha Drive" and the connecting ATV Sand Trails that allow public access to the Little Sahara State Park. The legacy shaped by these families, their visions, and their continued dedication allows others to experience one of the great adventures of northwest Oklahoma. The auction company is honored to perform this auction for the Jones and Woolley Families and appreciate their continued commitment to providing economic opportunity to northwest Oklahoma and the City of Waynoka. Don't miss your chance to have your own personal oasis near the Little Sahara State Park. Auctioneer/Broker: This is a cooperative marketing event provided by Shawn and Shane Terrel, brokers of Hunting Country Real Estate LLC and United Country Heritage Brokers & Auctioneers, For more information, or to schedule a showing, please email inquiries to info@huntingcountry.net For questions about the online bidding process, please call (877) 318-0438 Shawn Terrel Heritage Brokers & Auctioneers 580-747-6068 sterrel@unitedcountry.com Shane Terrel Hunting Country Broker/Auctioneer 580-327-7889 shane@huntingcountry.net To schedule showing please call Mitchell Terrel Land Specialist Auction Manager 580-732-0504 mitch.terrel@huntingcountry.net