NOTICE OF TIMBER SALE

George Van Williams Tract

Moore County, NC
70+- GPS Mapped Timbered Acres

Tract Description: The Pine Saw-Timber on the George Van Williams tract, adjacent to Dry Creek, has caught the eye of every timber man who has used NC HWY 24/27 for the last 30 plus years. Centered North of NC HWY 24/27, between Gurney W and Alex Roads, this timber stand comes with great logging access and a profound variety of both Hardwood and Pine. Newly surveyed property lines are flagged in high visibility pink flagging; a freshly surveyed property division line is also flagged in pink and painted Teal; SMZs or Streamside Management Zones are flagged in Blue and out areas are flagged and/or painted in Red (extreme caution should be used when logging near the abandoned talc quarry that is painted in red in the Northwest quadrant of the property); an aesthetic buffer adjacent the Tara Williams Sheffield Property has been flagged in high visibility orange flagging and an aesthetic buffer adjacent NC HWY 24/27 has been painted Red. The harvest area has been mapped using GPS and is made up of 70+- acres with an additional 2.8+- acres of adjoining timber that has been 100% tallied and painted for removal. Great Access Points have been secured via NC HWY 24/27 and Gurney W. Road. See attached maps **Note** Please use all supplied maps (Aerial and New Survey Map) when performing and making your own cruise and assessment of the available timber. As youll see property lines supplied by the Moore County GIS department vary drastically from the new survey, with the adjoining James T. Emery Property shifted to the West and so forth. Please see attached Volume Sheets. Type of Harvest: Clear-Cut Harvest of all Merchantable Forest Products, with the following exceptions: NO teal painted trees along the newly surveyed property division line; NO red painted trees; NO trees located within the two designated aesthetic areas and the Dry Creek Buffer (The Dry Creek NO HARVEST Buffer runs North from NC HWY 24/27 to a point due East of an Old Home Place atop a Hill). And, within other SMZs NO pine trees less than 12 DBH & NO hardwood trees less than 16 DBH are to be harvested. Sale Type: Lump Sum Sealed Bid. A 5% earnest money deposit may be required of the successful high bidder. A $1,000.00 performance bond is required along with a pre-harvest meeting to discuss logging and harvest requirements. Performance Bond will be held by American Timber Services, LLC in an escrow account. The landowners reserve the right to reject any and all bids. Date of Sale:

Thursday, April 24th at 12:00 PM - Sealed bids will be opened on the tract at the logging access point off
of NC HWY 24/27, illustrated on the provided map. Call-in bids or faxes will be accepted until 11:00AM on the day of the sale. Faxes should be sent to (910) 245-2554 with a follow up call to Jim Pruett @ (910) 783 - 6277 Call-in bids should be directed to James Hunsucker @ (910) 690-9848.

Time Limit of Cutting Contract: 24 months from the date of sale will be allowed to harvest said trees and timber. American Timber Services, LLC reserves the right to halt all logging activities due to wet weather with high soil rutting, which will be determined by the Seller(s) and/or American Timber Services, LLC. An extension of the contract would be granted under these restrictions. CONDITIONS OF THE SALE: A. The Buyer Agrees to the Following: 1. Maintain all logging activities within the sale boundaries. Property lines, out areas, streamside management zones, and other areas of significance throughout the forest have been flagged with high visibility flagging and/or painted. 2. Forestry Best Management Practices (BMPs) and Forest Practices Guidelines (FPGs) must be implemented while logging. Road construction must be approved by the Seller(s) and/or its American Timber Services, LLC. Amassed soil from road construction or wet weather skimming must be returned to roads when harvest process is complete. Buyer is responsible for all construction, gravel, erosion control, water bars, and straw and grass application on SMZ crossings and erodible areas within the tract. 3. SMZ crossing must be approved by Seller(s) and/or American Timber Services, LLC and must be debris free, grassed and covered with straw at harvest completion. Again, buyer is responsible for all state compliance under BMPs and FPGs. 4. Trucks Entering Highway signs are required in both directions from the tract access point(s). NO EXCEPTIONS! 5. All timber and cutting rights will revert back to the landowners when timber harvesting is complete regardless of Timber Deed contract period. 6. Any reserved tree cut or severely damaged will be charged to Buyer at triple the stumpage value, but not less than $100.00 per tree. 7. All trash and litter must be kept within containment holders and removed on a weekly basis with all materials removed at end of harvest. B. The Seller Agrees to the Following: 1. Guaranteed title to the forest products covered within this notice and to warrant the title against all claims at their expense. 2. To grant ingress and egress to said lands for the Buyer and their agents or assigns. C. Published Volumes are meant as a guide only and are not guaranteed in any fashion. Bidders are responsible for their own cruises and bid volumes. Again, the sellers reserve the right to reject any and all bids. Thank you all for your time, effort and willingness to bid for the above timber. We appreciate your help and friendship. Jim Pruett James Hunsucker

Expanded Cruise Information Tables:

PINE SAWTIMBER (CUT-LOGS) TONS & BOARD FEET:

DBH 10 12 14 16 18 20 22 24 26 28 Totals: YPST Tons 201 635 949 452 475 510 220 80 YPST Int.78 38,710 115,529 163,220 74,713 76,879 81,435 34,661 12,580 YPST YPST Scrib. 78 Doyle 78 28,887 13,317 91,372 50,441 136,510 86,027 64,925 45,010 68,264 51,738 73,400 58,874 31,617 26,759 11,564 10,131 YPST Stems 735 998 904 274 227 175 62 17 VPST Tons VPST Int.78 VPST VPST Scrib. 78 Doyle 78 VPST Stems WPST Tons WPST Int.78 WPST WPST Scrib. 78 Doyle 78 WPST Stems

3,523

597,725

506,539

342,296

3,394

HARDWOOD SAWTIMBER (CUT-LOGS) TONS & BOARD FEET:

DBH 10 12 14 16 18 20 22 24 26 28 Totals: Red Oak ST Tons 11 45 45 48 78 17 19 265 R.Oak Int.78 2,601 8,900 8,345 8,030 12,281 2,544 2,610 45,309 R.Oak R.Oak Total R.O. Wht. Oak Scrib. 78 Doyle 78 Stems Tons 2,181 7,842 7,390 7,216 11,203 2,336 2,442 40,610 1,346 5,391 5,407 5,717 9,326 2,037 2,270 31,495 46 102 52 41 42 7 5 296 6 54 47 40 50 W.Oak Int.78 1,300 10,689 8,371 6,605 7,853 W.Oak W.Oak Total WO Scrib. 78 Doyle 78 Stems 1,091 9,394 7,453 5,967 7,160 673 6,432 5,564 4,789 5,942 23 119 65 41 25 Poplar Tons 32 61 38 75 59 17 Pop Int.78 7,754 12,432 7,052 12,779 9,498 2,544 Pop Pop Total Pop Scrib. 78 Doyle 78 Stems 6,430 10,844 6,226 11,438 8,621 2,336 3,853 7,302 4,546 8,927 7,054 2,037 116 119 39 52 25 7

15 212

2,046 36,864

1,917 32,981

1,791 25,191

5 279 284 52,059 45,895 33,720 358

HARDWOOD SAWTIMBER (CUT-LOGS) TONS & BOARD FEET:

DBH 10 12 14 16 18 20 22 24 26 28 Totals: Gum ST Tons 9 6 46 29 16 Gum Int.78 2,808 1,300 9,720 5,498 2,829 Gum Gum Total Gum Scrib. 78 Doyle 78 Stems 2,139 1,038 67 1,091 673 23 8,323 5,427 68 4,831 3,461 26 2,519 1,960 10 Hickory Tons 6 25 Hickory Hickory Hickory Hickory Int.78 Scrib. 78 Doyle 78 Stems 1,300 4,909 1,091 4,297 673 2,918 23 51 9 1,404 1,269 1,032 10 Beech Tons Beech Beech Beech Int.78 Scrib. 78 Doyle 78 Beech Stems

106

22,156

18,902

12,560

195

30

6,210

5,387

3,591

74

1,404

1,269

1,032

10

Expanded Cruise Information Tables: HARDWOOD SAWTIMBER (CUT-LOGS) TONS & BOARD FEET: Maple Maple Maple Maple Maple DBH ST Tons Int.78 Scrib. 78 Doyle 78 Stems 10 12 14 16 18 20 22 10 1,459 1,340 1,202 7 24 26 28 Totals: 10 1,459 1,340 1,202 7

Pine ST (Treelength CNS)

DBH 8 10 12 14 Totals: PST Tons PST Stems

Pine ST (Treelength Large)

DBH 12 14 16 18 20 22 24 26 Totals: PST Tons PST Stems

All Sawtimber-Average Volume per Tree Table:

Yellow Pine 1.04 149 176 101 Virginia Pine White Pine Red Oak 0.90 137 153 106 White Oak 0.76 118 132 90 Yellow Poplar 0.79 128 145 94 Sweet Gum 0.54 97 114 65 Hickory 0.41 72 83 48 Beech 0.84 841 136 100 Maple 1.46 194 211 174

Tons per Tree Scribner 78 BF per Tree Int. 1/4 78 BF per Tree Doyle 78 BF per Tree

Pulpwood (standing wood, no topwood included,volume in tons)

DBH 6 8 10 12 14 16 18 20+ Totals: Pine PW Stems 279 1,411 435 70 13 Pine PW Volume 42 299 124 38 12 H. Hdwd H. Hdwd Stems Volume 1,411 201 139 34 39 10 17 1,851 343 82 86 30 45 16 34 636 S.Hdwd Stems S.Hdwd Total HW Total HW Volume Stems Volume 1,411 535 418 119 91 10 17 2,602 343 183 220 81 91 16 34 968

334 279 85 52

101 134 51 47

2,207

515

750

333

Williams 100% Tally Area - 2+- Acres

Tons Pine SawTimber Yellow Poplar Gum Red Oak White Oak Hickory Pine Pulpwood Hardwood Pulpwood Harwood PalletWood Maness 100% Tally Area - .83 +- Acres Pine SawTimber Yellow Poplar Gum Red Oak White Oak Hickory Pine Pulpwood Hardwood Pulpwood Harwood PalletWood 41.84 2 0 0.5 2.25 0 2.66 14.38 13.11 59.52 5 3.33 2 10.7 0.6 19.832 26.34 11.62

VOLUME SUMMARY SHEET

TRACT:
Williams Moore County, NC March 13, 2014

CRUISER:

KP-JP

COUNTY: DATE:

PLOTS: ACRES:

76 69.3

PINE VOLUMES:
(Note: PPW volume will include
MBF MBF SCRIBNER 506.54 MBF INTL.. 597.73

tons of topwood.)
TOTAL TONS 3,523 AVERAGE DIAMETER 13.5 # STEMS 3,394 0 0
LOG LENGTH

AVERAGE SAMPLE INTENSITY % OF PINE VOLUME 87% BF/TREE SCRIBNER 149

SPECIES

DOYLE 342.30

YP ST VP ST WP ST TOTALS:

PST
11% 149

342.30

506.54

597.73

3,523

13.5

3,394

8-14" TL CNS LOG VOLUMES: 12-26" TL LARGE PST VOLUMES: TOTALS: P. PWood
515 8.3

TREE LENGTH

0 0

PST

2,207

4%

13%

HARDWOOD VOLUMES:
(Note: HPW volume will include
MBF MBF SCRIBNER 40.61 32.98 45.89 18.90 5.39 1.27 1.34 146.39 MBF INTL.. 45.31 36.86 52.06 22.16 6.21 1.40 1.46 165.46

tons of topwood.)
TOTAL TONS 265 212 284 106 30 9 10 915 AVERAGE DIAMETER 15.8 15.6 14.7 12.9 13.4 18.0 22.0 14.9 # STEMS 296 279 358 195 74 10 7 1,220 SAMPLE INTENSITY
% OF HDWD

AVERAGE BF/TREE SCRIBNER 137 118 128 97 72 123 194 120

SPECIES

DOYLE 31.50 25.19 33.72 12.56 3.59 1.03 1.20 108.79

VOLUME
14% 11% 15% 6% 2%

Red Oak Wht Oak POP ST GUM ST Hickory Beech Maple TOTALS: H. PWood

FOR ALL HST

14%

0% 1%

636

333

968

9.7

2,602

6%

51%

(HARD)

(SOFT)

TRACT IN SUMMARY:

VOLUME
MATERIAL:

% TOTAL VOLUME 60% 9% 15% 16% OVERALL, THIS TRACT IS: 68% 32% 75% 25% PINE HARDWOOD SAWTIMBER PULPWOOD

(TONS) 3,523 515 915 968

PINE ST PINE PW HDWD ST HDWD PW

TOTAL: TONS/AC:

5,921 85.4