TERMS, CONDITIONS AND DISCLAIMERS:

You are about to enter an Internet Data Room. The information in this Internet Data Room is provided subject to the terms, conditions and disclaimers set forth below and subject to your agreement thereto. By clicking the button granting you access to this Internet Data Room, you are acknowledging that you understand and agree to the terms, conditions and disclaimers set forth below. The information provided in this Internet Data Room has been assembled for purposes of a virtual auction advertised for March 16, 2021 (this "Auction"), to be conducted by Schrader Real Estate and Auction Company, Inc. ("Auction Company") on behalf of Shoeneman 5M Ranch, Inc. ("Owner") with respect to certain real estate located in Weld County, Colorado, minerals excluded (the "Property").

The information provided includes data and materials obtained and/or derived from various sources including the Owner and third parties. The Auction Company and its agents and representatives have not undertaken to evaluate, verify or vouch for any information, records or reports regarding any purported legal, title, geological, production and/or income information regarding the Property and/or any particular attributes or features of the Property, including without limitation any water supply used in connection with the Property (collectively, “Property Attributes”). No warranty or authoritative representation is made or implied as to the accuracy of the information provided. If there is any question regarding the source of any information, please contact the Auction Company for clarification. The marketing materials prepared for this Auction, including this Internet Data Room, have been designed for prospective bidders who have (or have access to) the expertise necessary to independently evaluate any purported legal, title, geological, production and/or income information regarding the Property and/or Property Attributes. The marketing materials are not intended as a complete record of information pertaining to the Property or Property Attributes, nor are they intended as a substitute for a complete and independent investigation, verification and evaluation by a prospective bidder and its qualified advisers. All prospective bidders are responsible for obtaining their own independent technical and legal advice and for conducting their own independent investigation and evaluation of the Property and Property Attributes and the information and materials provided with respect thereto, prior to submitting a bid.

SELLER, AUCTION COMPANY AND THEIR RESPECTIVE AGENTS AND REPRESENTATIVES MAKE NO WARRANTY OR AUTHORITATIVE REPRESENTATION REGARDING THE PROPERTY OR PROPERTY ATTRIBUTES.

NON-DISCLOSURE OF LEASE INFORMATION:

By clicking on the "I Agree" button, you acknowledge your assent and agreement to the following terms (“Non-Disclosure Agreement”) with respect to all lease information provided in this Internet Data Room (“Confidential Information”): You represent that you have a bona fide interest in receiving the Confidential Information for the sole purpose of evaluating a prospective purchase of all or part of the Property (“Transaction”) and that you are willing to receive the Confidential Information on a strictly confidential basis. In consideration for the delivery of Confidential Information via this Internet Data Room, you promise and agree that: (a) you shall maintain the Confidential Information in the strictest confidence for the benefit of Seller and Auction Company; (b) you shall not use the Confidential Information for any purpose other than to evaluate a prospective Transaction; and (c) you shall not disclose the Confidential Information to any person except those of your employees and/or advisors who need such information in connection with such purpose and have agreed in writing to preserve and protect the confidentiality of the Confidential Information in accordance with the provisions of this Non-Disclosure Agreement. You agree that the delivery of the Confidential Information to you via this Internet Data Room shall constitute the consideration for this Non-Disclosure Agreement which shall constitute a binding contract for the benefit of Seller and Auction Company.

By clicking on the "I Agree" button, you acknowledge that you have read and understood, and that you agree to, the terms, conditions, disclaimers and Non-Disclosure Agreement set forth above.