TERMS AND CONDITIONS:

Note: The following is a summary of process. For a more complete description, please review the Purchase and Sale Agreement on the data room website.

Closing is expected to be three (3) weeks after bidders are notified that their bid has been accepted.

Terms of sale are cash at closing. A Purchase and Sale Agreement (PSA) is provided for your review on the data room website. A successful bidder must execute the PSA within 3 days of being notified that they are a successful bidder.

If the accepted bidder fails to perform as agreed or fails to complete the closing process without legal excuse, the bidder will be in default and the deposit will be forfeited to the Seller as the sole and exclusive remedy available to the Seller for the default. The successful bidder agrees that the amount of the deposit is a reasonable estimate, under the circumstances existing on the date of bid acceptance by Seller, of the Seller's damages in the event of a default by the bidder and is in no way intended to act as a penalty to such bidder.

Seller will deliver a deed at closing and will provide for a standard coverage Owner's Title Insurance Policy showing title vested in the successful bidder's name, subject to the exceptions identified in the preliminary title report. A copy of the preliminary title report is available on the data room website.

The PSA contains a complete description of the terms and details of the sale process. Any discrepancies between these Bid Procedures and the PSA will be controlled by the PSA.

CLOSING:
Closing will be conducted through the escrow department of Chicago Title Insurance Company at Pioneer Tower, 888 SW 5th Ave, Suite 930 Portland, Oregon. The Purchaser will be responsible for any deferred taxes that may come due and payable as a result of actions or inactions taken on the part of the Purchaser. Real property taxes will be prorated as of the date of closing. Purchaser and Seller will share escrow costs equally. Seller will pay the cost of a standard coverage Owner's Title Insurance Policy, but will not pay for extended coverage. For more a more complete description of the closing process, please review the Purchase and Sale Agreement located on the data room website.

Buyers will be required to sign the Department of Natural Resources Form QQ-42 at closing. This form is available on the website for each parcel.

RIGHT TO REJECT ANY AND ALL OFFERS:
The Seller reserves the right, in its sole discretion, to accept or reject any or all offers. Seller also reserves the right to change or modify the bidding process. Seller will have no liability to any bidder for actions taken by the Seller in the bidding and closing process.

BROKERS:
Neither the owners, nor World Forest Investment, Inc. will pay commissions to other brokers, or those parties representing investors in this process. Only principals are invited to bid on the properties.

DISCLAIMER:
All information included in these Bid Procedures and all information provided to the bidders is provided only as a courtesy and convenience to the potential bidders. No warranties or guarantees for accuracy or completeness of the information provided are implied in any way by World Forest Investment, Inc., its agents or representatives, or the owners. These properties are offered "as is" and Bidders are cautioned to make their conclusions based on their own research and due diligence. Without limiting the foregoing, the sale of the properties is without warranty of the merchantability, operability of the timber, property boundaries, site classification, age of the reproduction, or any environmental constraints that may be discovered. Bidder also acknowledges that any information provided, such as maps, surveys, inventory data, plats, or any other information whatsoever, without exception pertaining to the properties or timber thereon, is provided without any kind of warranty as to completeness or accuracy.