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Unreserved Public Real Estate Auction

Horn Ridge Ranch Ltd.17 Parcels of Real Estate – 2672.81± Title Acres – Entwistle, AB Home Quarter w/Feedlot & 16 Parcels of Farmland

AB/Yellowhead County

Visit our website for auction and property details:

For more information, contact:Herb Horn - Owner780.818.0125

Jerry Hodge - Ritchie Bros. Real Estate780.706.6652 | jhodge@rbauction.com

Broker: All West Realty Ltd.

Will be sold to the highest bidder

April 7, 2017 Spruce Grove, AB

Parcel 1 – NW 10-54-8-W5 – 156.04± Title Acres – Home Quarter & Feedlot

▸ 130± ac cult, seeded mixed hay (2015), balance home yard site & feedlot, perimeter fenced on (3) sides, taxes $994.34.

Property Details: 2015 Jandel 1520± sq ft modular home (sells separate)

▸ 4 bedrooms ▸ Full bathroom & ensuite in master

bedroom ▸ Includes appliances

· refrigerator, stove, dishwasher & microwave - all stainless steel · Front loading washer & dryer

▸ Carpet & linoleum flooring ▸ Deck

2015 40 x 60 ft Shop ▸ wood frame, metal clad, vinyl lined ▸ concrete floor ▸ radiant heat ▸ bathroom ▸ 16 ft w x 14 ft h OH door

w/auto opener

2015 50 x 120 ft Pole Shed Calving Barn ▸ metal clad ▸ 14 x 20 ft heated and insulated

· concrete floor· lunchroom, bathroom & utility room

· gravel floor· maternity pen & stall system (sells separate)

(2) 2015 Pumphouses ▸ wood frame, metal clad, vinyl lined

& heated ▸ (1) 10 x 16 ft ▸ (1) 8 x 8 ft

(9) Livestock corrals ▸ wood posts & page wire ▸ Texas gates to each pen ▸ (5) stock waterers

(5) 2015 24 x 52 ft three-sided, metal clad cattle sheds Accurate portable scale (sells separate)D & M 204 Ft Concrete Silage Pit (sells separate)Utilities

▸ Natural gas & power ▸ (3) Water wells - (2) new in 2015 @

25 & 35 gpm ▸ (2) Septic systems w/above ground

discharge, new in 2015

2015 50 x 120 ft Calving Barn

Parcel 1 – 2015 Jandel 1520± sq ft modular home (sells separate)

2015 24 x 52 ft three-sided, metal clad cattle shed

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Parcel 2 – NW 2-55-9-W5 158± Title Acres – Farmland

▸ 100± ac cult, seeded pasture (2014), balance bush & bush pasture, fenced on (3) sides, taxes $97.24

Parcel 3 – NE 2-55-9-W5 158.97± Title Acres – Farmland

▸ 110± ac cult, seeded pasture (2015), balance improved pasture, bush & bush pasture, fenced on (3) sides, water well & water tank, dugout, taxes $92.93

Parcel 4 – SW 2-55-9-W5 146.4± Title Acres – Farmland

▸ 120± ac cult, seeded pasture (2014), balance bush & bush pasture, fenced on (3) sides, dugout, taxes $87.50

Parcel 5 – SE 2-55-9-W5 149.01± Title Acres – Farmland

▸ 140± ac cult, seeded pasture (2015), balance bush & bush pasture, fenced on (3) sides, taxes $116.89

Parcel 6 – PSE 32-54-8-W5 148.28± Title Acres – Farmland

▸ 140± ac cult, seeded mixed hay (2015), balance bush, fenced, taxes $107.47

Parcel 7 – NW 21-54-8-W5 137.86± Title Acres – Farmland

▸ 130± ac cult, seeded pasture, balance creek, fenced on (3) sides, dugout, taxes $83.08.

* Fences may not be on property lines.

Parcel 8 – SW 21-54-8-W5 159± Title Acres – Farmland

▸ 70± ac cult, seeded pasture, balance native pasture, fenced on (2) sides, artesian well, taxes $71.24.

IMPORTANT NOTE: Parcels 7 & 8 will be sold together. The winning bidder on this group must pay the selling price multiplied by two and shall receive both parcels.

Parcel 9 – NW 16-54-8-W5 160± Title Acres – Farmland

▸ 20± ac cult, seeded pasture, balance native pasture & bush, fenced on (3) sides, taxes $43.56.

Parcel 10 - NE 16-54-8-W5 & PSE 21-54-8-W5 (1320337;1;2) – 233.02± Title Acres – Farmland

▸ 200± ac cult, seeded pasture, balance bush & bush pasture, fenced on (3) sides, dugout, taxes $144.84.

IMPORTANT NOTE: Parcels 9 & 10 will be sold together. The winning bidder on this group must pay the selling price multiplied by two and shall receive both parcels.

Parcel 11 – SW 16-54-8-W5 159.88± Title Acres – Farmland

▸ 80± ac cult, seeded pasture, balance native pasture & bush, fenced on (3) sides, (2) artesian wells, taxes $60.58.

Parcel 12 – SE 16-54-8-W5 117.07± Title Acres - Farmland

▸ 115± ac cult, seeded pasture (2014), fenced on (3) sides, taxes $63.16. West fence may not be on property line.

IMPORTANT NOTE: Parcels 11 & 12 will be sold together. The winning bidder on this group must pay the selling price multiplied by two and shall receive both parcels.

Parcel 7

Parcel 13Parcel 12

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Parcel 13 – SE 15-54-8-W5 157.97± Title Acres – Farmland

▸ 150± ac cult, seeded mixed hay (2015), balance bush, fenced on (2) sides, taxes $136.44

Parcel 14 – NW 9-54-8-W5 159.88± Title Acres – Farmland

▸ 15± ac cult, seeded pasture, 40± ac peat moss farmed, 30± ac bush, balance native pasture, fenced on (2) sides, cross fenced, taxes $43.72, $2550 surface lease revenue (abandoned).

Parcel 15 – NE 9-54-8-W5 157.03± Title Acres – Farmland

▸ 140± ac cult, seeded pasture (2014), fenced on 2 sides, water well & stock waterer, dugout, balance yard site & bush, natural gas, power, 2015 septic w/above ground discharge, pump house, taxes $696.37.

1997 16 ft x 80 ft Ridgewood 1280± sq ft modular home (sells separate)

▸ 12 x 12 ft porch addition ▸ 3 bedrooms ▸ Full bathroom & ensuite in

master bedroom w/Jacuzzi tub ▸ Appliances include refrigerator,

stove & dishwasher ▸ Carpet & linoleum flooring ▸ Vaulted ceiling & sky light ▸ Deck

IMPORTANT NOTE: Parcels 14 & 15 will be sold together. The winning bidder on this group must pay the selling price multiplied by two and shall receive both parcels.

Parcel 16 – SW 10-54-8-W5 157.45± Title Acres – Farmland

▸ 150± ac cult, seeded mixed hay (2015), fenced on (3) sides, (2) dugouts, taxes $122.93

Parcel 17 – SE 33-53-8-W5 156.95± Title Acres – Farmland

▸ 100± ac cult, seeded pasture, balance native pasture & bush, fenced, water well, power, taxes $73.93

Wildwood Entwistle

2 34 5

6

7891114

101215 1

13

16

17

Chip LakeChip Lake

22

TWP 544TWP 544

TWP 542TWP 542

TWP 540TWP 540

RR#

90RR

# 90

RR#

83RR

# 83

1616

Sell as individual parcels7 & 8 Sell together9 & 10 Sell together11 & 12 Sell together14 & 15 Sell together

Directions to auction site:From Devon, AB go 4 km (2.5 miles) North on Hwy 60 to Township Rd 511 (Graminia Rd), then go 6.4 km (4 miles) West to Range Rd 271, then go ¼ mile South. Yard on East side. GPS: 53.37651, -113.8614

Directions to property:From Edmonton, AB go West on Hwy 16 to Entwistle, continue West for 4 miles to Hwy 22 North, then 4 miles North. Parcel 1 located on East side of road.

N

Athabasca R.

Pigeon Lake

BeaverhillLake

Lac Sainte Anne

Abee

AndrewBarrhead

Bellis

Bentley

Clyde

Spruce Grove

Daysland

Entwistle

Erith

Foothills

GlenevisMayerthorpe

HayLakes

Hoadley

Jarvie

Peers

PonokaRimbey

Saunders

WestlockWhitecourt

CamroseLeduc

Devon

Wetaskiwin

Edmonton

Auction Location

Auction Property

43

222

60

16

Parcel 15 – 1997 Ridgewood modular home (sells separate)

Parcel 15 & 1

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April 3, 2017 7:13 AM

Unreserved Real Estate Auction – Terms and ConditionsThe following terms and conditions (the “Real Estate Terms”) form an integral part of the terms of the Bidder’s Registration Agreement (the “Bidder Terms”). The Real Estate Terms apply to all sales of real property (the “Property”), and apply only to sales of real property. Where the Real Estate Terms are applicable, the Real Estate Terms shall prevail to the extent of any conflict with the Bidder Terms.

1. UNRESERVED AUCTION. The Property shall be sold to the highest bidder regardless of price at unreserved public auction. The sale shall not be subject to any minimum bid or reserve price.

2. AGREEMENT OF PURCHASE AND SALE. The purchaser shall execute an Agreement of Purchase and Sale, in the form provided by the Auctioneer, without modification, immediately after being declared the high bidder.

3. CASH SALE. This is a cash sale and is not contingent on Purchaser’s ability to obtain financing.

4. ESCROW AGENT. Completion and closing of all real estate transactions will be handled by a qualified escrow agent (the “Escrow Agent”) appointed by the Seller and the Auctioneer. All deposit, earnest and purchase monies in respect of the Property shall be paid to and deposited with the Escrow Agent.

5. DEPOSIT. Immediately after being declared the high bidder, the Purchaser shall submit a non-refundable deposit to the Escrow Agent in the amount of 25% of the Purchase Price (the “Deposit”). The Auctioneer may, in its sole discretion, accept a Deposit of 10% of the Purchase Price if provided with a copy of an unconditional letter of financing from a lending institution acceptable to the Auctioneer. The balance of the Purchase Price shall be paid at or before closing.

6. ADMINISTRATIVE FEE. Immediately after being declared the high bidder, the Purchaser shall pay the applicable administrative fee, if any, to the Auctioneer.

7. TAXES. Any and all applicable Federal, Provincial or State taxes must be paid by the Purchaser in addition to the Purchase Price, at or before closing. Any and all applicable property taxes shall be paid by the Seller and Purchaser pro-rata based on the date of closing.

8. CLOSING. Closing will take place on the date that is 30 days after the date of the auction, or such other date as may be mutually agreed by the parties. The Purchaser and Seller shall each be responsible for their own legal fees. Land title registration fees shall be paid by the Purchaser at or before closing.

9. NON-PERFORMANCE. Any failure by the Purchaser to complete the purchase of the Property will result in the Deposit and any further interest in the Property being forfeited.

10. POSSESSION. Purchaser will receive vacant possession on the date of closing.

11. AS-IS SALE. The Purchaser shall accept the Property “AS-IS”, “WHERE-IS”, and “WITH ALL FAULTS” as of the closing date and the Purchaser specifically agrees that neither the Seller nor the Auctioneer makes any representations or warranties of any kind whatsoever, expressed or implied, to the Purchaser as to the value, condition or fitness of the Property, environmental or otherwise, or any part thereof or improvements thereon. All descriptions, measurements and acreage provided by the Seller and the Auctioneer are to be used as a guide only. The Purchaser acknowledges and agrees that it is the Purchaser’s sole responsibility to make such legal, factual and other inquiries, inspections and investigations as Purchaser considers necessary prior to bidding on the Property, and Purchaser hereby warrants and represents that he shall have satisfied himself as to the location and condition of the Property, and all descriptions with respect thereto, prior to bidding, and that he has had the opportunity to do so.

12. NO MINES OR MINERALS. Mines and minerals are not included and shall not be conveyed with the Property unless otherwise expressly provided.

13. PERSONAL PROPERTY. No personal property shall be conveyed with the Property unless specifically included in the purchase agreement.

14. AGENT OF SELLER. The Auctioneer (and any appointed real estate agent, where applicable) is acting as an agent of the Seller only, and not as an agent of the Purchaser or as a dual agent.

15. NO ASSIGNMENT. The Purchaser shall not assign his bid or obligation to purchase the Property to a third party without the prior written approval of the Auctioneer.

16. FOREIGN OWNERSHIP RESTRICTIONS. The Property may be subject to foreign ownership restrictions. Bidder acknowledges that it is Bidder’s sole responsibility to make any necessary enquiries, including without limitation consulting with legal advisors, prior to bidding to ensure they are legally eligible to purchase the Property.