Mule Ranch - Dorris, CA 1,234 +/- acres, Siskiyou County

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1 AG-LAND Investment Brokers 275 Sale Lane Red Bluff, CA Fax Mule Ranch - Dorris, CA 1,234 +/- acres, Siskiyou County

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4 AG-LAND INVESTMENT BROKERS 275 Sale Lane / P. O. Box 896 Red Bluff, CA office / fax Mule Ranch 1,243 +/- Acres Dorris, California Property: Approximately 1,234 acres with 529 acres planted to alfalfa hay located in the Butte Valley. Irrigation is provided by (3) wells, (4) pivots and (2) wheel lines. Seller estimates another 130 acres could be developed for cultivation on the NE side of the property. The balance of the land is between pivots or on the side of Dorris Hill. Improvements included a 600 ton hay barn and two-story home. Location: The ranch is located outside the Butte Valley community of Dorris, CA. Approximately 120 miles NE of Redding, CA and 20 miles SW of Klamath Falls, OR. The address is 740 N. Butte Street, Dorris, CA Water: Irrigation is provided by (3) groundwater wells. The (N) well has 150 Hp electric turbine and (2) 50 Hp booster pumps. The (M) well has 40 Hp electric turbine and 50 Hp booster pump. The (S) well has 50 Hp electric turbine. The wells are inter-connected by buried mainlines. Combined estimated production is 3,800 gallons per minute. Irrigation: (2) wheel lines. The fields are irrigated using (2) Valley Pivots, (2) Reinke pivots and Soils: Per Natural Resources Conservation Service, the farmable soils are primarily 162 Poman loamy sand, followed by 111 Dotta sandy loam and 150 Modoc loam. The Poman loamy sandy loam may be well suited for other crops typical to the area such as strawberry plants. Structures: 2016 built pole barn (55 x 125 ) for hay storage (600 tons). Single family two story residence with 4 bedrooms and 1 bathroom. Zoning: Siskiyou County Parcel Numbers , , , , , , , & Zoning varies by parcel. None are enrolled in the Williamson Act. Current property taxes are $16,222 per year. The information contained herein is from sources deemed reliable, however, accuracy is not guaranteed. AG-LAND Investment Brokers assumes no liability as to errors, omissions or future operating and investment results. Buyer assumes responsibility to perform their own investigation and due diligence. This offering is subject to prior sale, price change or withdrawal from market without notice.

5 AG-LAND INVESTMENT BROKERS 275 Sale Lane / P. O. Box 896 Red Bluff, CA office / fax Mineral Rights: All oil, gas, minerals and water rights owned by Seller are included in the sale. Comments: Nicely improved alfalfa hay ranch at the base of Dorris Hill in the Butte Valley of NE California with potential to bring more land into cultivation by adding another pivot and well. Listing Price: $3,100,000, cash to Seller Sam Mudd, California Brokers License Number Cell, ; , sam.mudd@aglandbrokers.com website Bert Owens, California Brokers License Number Cell, ; , bert.owens@aglandbrokers.com, website The information contained herein is from sources deemed reliable, however, accuracy is not guaranteed. AG-LAND Investment Brokers assumes no liability as to errors, omissions or future operating and investment results. Buyer assumes responsibility to perform their own investigation and due diligence. This offering is subject to prior sale, price change or withdrawal from market without notice.

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8 121 57' 52'' W Irrigated Capability Class Butte Valley-Tule Lake Area, California, Parts of Siskiyou and Modoc Counties (Mule Ranch - Dorris, CA) ' 35'' W 41 59' 50'' N 41 58' 15'' N ' 50'' N 41 58' 15'' N ' 52'' W N Map Scale: 1:20,800 if printed on A landscape (11" x 8.5") sheet. Meters Feet Map projection: Web Mercator Corner coordinates: WGS84 Edge tics: UTM Zone 10N WGS ' 35'' W Natural Resources Conservation Service Web Soil Survey National Cooperative Soil Survey 11/21/2017 Page 1 of 5

9 Irrigated Capability Class Butte Valley-Tule Lake Area, California, Parts of Siskiyou and Modoc Counties (Mule Ranch - Dorris, CA) MAP LEGEND MAP INFORMATION Area of Interest (AOI) Area of Interest (AOI) Soils Soil Rating Polygons Capability Class - I Capability Class - II Capability Class - III Capability Class - IV Capability Class - V Capability Class - VI Capability Class - VII Capability Class - VIII Not rated or not available Soil Rating Lines Capability Class - I Capability Class - II Capability Class - III Capability Class - IV Capability Class - V Capability Class - VI Capability Class - VII Capability Class - VIII Not rated or not available Soil Rating Points Capability Class - I Capability Class - II Capability Class - III Capability Class - IV Capability Class - V Capability Class - VI Capability Class - VII Capability Class - VIII Not rated or not available Water Features Streams and Canals Transportation Rails Interstate Highways US Routes Major Roads Local Roads Background Aerial Photography The soil surveys that comprise your AOI were mapped at 1:24,000. Please rely on the bar scale on each map sheet for map measurements. Source of Map: Natural Resources Conservation Service Web Soil Survey URL: Coordinate System: Web Mercator (EPSG:3857) Maps from the Web Soil Survey are based on the Web Mercator projection, which preserves direction and shape but distorts distance and area. A projection that preserves area, such as the Albers equal-area conic projection, should be used if more accurate calculations of distance or area are required. This product is generated from the USDA-NRCS certified data as of the version date(s) listed below. Soil Survey Area: Butte Valley-Tule Lake Area, California, Parts of Siskiyou and Modoc Counties Survey Area Data: Version 12, Sep 11, 2017 Soil map units are labeled (as space allows) for map scales 1:50,000 or larger. Date(s) aerial images were photographed: 22, 2016 Aug 7, 2012 Aug The orthophoto or other base map on which the soil lines were compiled and digitized probably differs from the background imagery displayed on these maps. As a result, some minor shifting of map unit boundaries may be evident. Natural Resources Conservation Service Web Soil Survey National Cooperative Soil Survey 11/21/2017 Page 2 of 5

10 Irrigated Capability Class Butte Valley-Tule Lake Area, California, Parts of Siskiyou and Modoc Counties Mule Ranch - Dorris, CA Irrigated Capability Class Map unit symbol Map unit name Rating Acres in AOI Percent of AOI 111 Dotta sandy loam, 0 to 5 percent slopes, MLRA Modoc loam, bedrock substratum, 2 to 5 percent slopes 162 Poman loamy sand, 0 to 2 percent slopes 172 Searles-Rubbleland complex, 50 to 75 percent slopes 173 Searles-Truax-Orhood complex, 2 to 15 percent slopes 182 Truax-Searles, 2 to 9 percent slopes % % % % % % Totals for Area of Interest % Natural Resources Conservation Service Web Soil Survey National Cooperative Soil Survey 11/21/2017 Page 3 of 5

11 Irrigated Capability Class Butte Valley-Tule Lake Area, California, Parts of Siskiyou and Modoc Counties Mule Ranch - Dorris, CA Description Land capability classification shows, in a general way, the suitability of soils for most kinds of field crops. Crops that require special management are excluded. The soils are grouped according to their limitations for field crops, the risk of damage if they are used for crops, and the way they respond to management. The criteria used in grouping the soils do not include major and generally expensive landforming that would change slope, depth, or other characteristics of the soils, nor do they include possible but unlikely major reclamation projects. Capability classification is not a substitute for interpretations that show suitability and limitations of groups of soils for rangeland, for woodland, or for engineering purposes. In the capability system, soils are generally grouped at three levels-capability class, subclass, and unit. Only class and subclass are included in this data set. Capability classes, the broadest groups, are designated by the numbers 1 through 8. The numbers indicate progressively greater limitations and narrower choices for practical use. The classes are defined as follows: Class 1 soils have few limitations that restrict their use. Class 2 soils have moderate limitations that reduce the choice of plants or that require moderate conservation practices. Class 3 soils have severe limitations that reduce the choice of plants or that require special conservation practices, or both. Class 4 soils have very severe limitations that reduce the choice of plants or that require very careful management, or both. Class 5 soils are subject to little or no erosion but have other limitations, impractical to remove, that restrict their use mainly to pasture, rangeland, forestland, or wildlife habitat. Class 6 soils have severe limitations that make them generally unsuitable for cultivation and that restrict their use mainly to pasture, rangeland, forestland, or wildlife habitat. Class 7 soils have very severe limitations that make them unsuitable for cultivation and that restrict their use mainly to grazing, forestland, or wildlife habitat. Class 8 soils and miscellaneous areas have limitations that preclude commercial plant production and that restrict their use to recreational purposes, wildlife habitat, watershed, or esthetic purposes. Rating Options Aggregation Method: Dominant Condition Component Percent Cutoff: None Specified Natural Resources Conservation Service Web Soil Survey National Cooperative Soil Survey 11/21/2017 Page 4 of 5

12 Irrigated Capability Class Butte Valley-Tule Lake Area, California, Parts of Siskiyou and Modoc Counties Mule Ranch - Dorris, CA Tie-break Rule: Higher Natural Resources Conservation Service Web Soil Survey National Cooperative Soil Survey 11/21/2017 Page 5 of 5

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14 AG-LAND INVESTMENT BROKERS 275 Sale Lane, Suite 2 / P. O. Box 896 Red Bluff, CA office / fax AG-LAND Estimated Market Value For Old Mule Ranch, Dorris, CA Revised 12/05/2018 Field # Field Description Acres Eastside 4" Wheel Line Worked up, to be planted to alfalfa spring of Soils = 162; Poman loamy sand - class 4, level to grade Soils & topography suitable for strawberry, potato or other crops typical to Butte Valley Westside 5" Wheel Line Worked up, to be planted to alfalfa spring of Soils = 162; Poman loamy sand - class 4, level to grade Soils & topography suitable for strawberry, potato or other crops typical to Butte Valley Valley 3 Tower Pivot 5 year old stand, good condition Soils = 162; Poman loamy sand - class 4, level to grade Soils & topography suitable for strawberry, potato or other crops typical to Butte Valley Valley 8 Tower w/ Corner Machine Worked up, to be planted to alfalfa spring of Soils = 162; Poman loamy sand - class 4, level to grade Soils & topography suitable for strawberry, potato or other crops typical to Butte Valley Reinke 8 Tower, 3 years old 4 year old stand, good condition, sloping acreage next to mountain unplanted Soils = 50% 162; Poman loamy sand - class 4, 25% 111; Dotta sandy loam - class 4 and 25% 173; Searles-Truax-Orhhood, not rated Reinke 7 Tower, 3 years old 4 year old stand, good condition, slopinjg acreage next to Mathews Road not planted Soils = 60% 111; Dotta sandy loam - class 4 and 40% 150; Modoc loam - class 4 Total Farm Land Planted Organic Alfalfa Future Pivot Needs clearing and grading, sloping acreage next to Mathews Road maybe unplantable Soils = 60% 111; Dotta sandy loam - class 4 and 40% 150; Modoc loam - class 4 Will require new well, pump, pipeline and pivot Other Farming / Grazing Lands along base of Dorris Hill and between pivots Mountain Dorris Hill to steep to farm or graze, likley to be unfenced Total Other Lands Condion Sq. Ft. RCN CV 2016 wood pole barn, 55 ' x 125', metal roof, gravel floor, 600 ton capacity Good 6, %???? built two story home, 4 bedroom, 1 bathroom, 2016 metal roof, rented at $500/month. Valued at 8% cap Total Improvement Total Land & Improvement 1, RCN = replacement cost new CV = contributory value Oil, gas, mineral and water rights transfer to Buyer North Well, 150Hp Turbine, (2) 50Hp boosters (1) w/ VFD, 2,400 gpm Middle Well, 40Hp Turbine, (1) 50Hp booster, 800 gpm South Well, 40Hp Turbine, 600 gpm Total water estimated at 3,800 gpm = 7 gpm using 529 irrigated acres Assessor Parcel Number Acres Imp Land Other Total Pro. Tax Zoning $0 $13,155 $0 $13,155 $133 R-R-B $0 $13,846 $0 $13,846 $140 AG1 and R-R $0 $112,551 $0 $112,551 $1,146 R-R-B-40 and AG $0 $524,673 $0 $524,673 $5,329 R-R-B-40 and AG $0 $3,228 $0 $3,228 $34 AG $34,613 $440,865 $0 $475,478 $4,544 R-R-B-40 and AG $0 $3,228 $0 $3,228 $34 AG $0 $22,736 $0 $22,736 $236 R-R-B $66,951 $63,948 $310,240 $441,139 $4,625 R-R-B-40 and AG1 Total 1, $101,564 $1,198,230 $310,240 $1,610,034 $16,222 No AG Preserve Parcels AG-LAND Investment Brokers assumes no liability as to errors, omissions or future operating and investment results. Buyer assumes responsibility to perform their own investigation and due diligence.