Timber Sale Appraisal Knob Point Combination. Sale AT Cost Summary. Conifer Hardwood Total. District: Astoria Date: April 20, 2015

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Timber Sale Appraisal Knob Point Combination Sale AT-341-2015-54- District: Astoria Date: April 20, 2015 Cost Summary Conifer Hardwood Total Gross Timber Sale Value $1,321,653.69 $34,121.84 $1,355,775.53 Project Work: ($37,826.00) Advertised Value: $1,317,949.53 4/20/15 1

Timber Sale Appraisal Knob Point Combination Sale AT-341-2015-54- District: Astoria Date: April 20, 2015 Timber Description Location: Portions of Sections 8, 18, and 19, T7N, R6W, and portions of Section 13, T7N, R7W, W.M., Clatsop County, Oregon. Stand Stocking: 60% Specie Name AvgDBH Amortization (%) Recovery (%) Douglas - Fir 17 0 97 Western Hemlock / Fir 20 0 95 Sitka Spruce 15 0 95 Alder (Red) 13 0 95 Volume by Grade 2S 3S 4S Camprun Total Douglas - Fir 1,880 837 189 0 2,906 Western Hemlock / Fir 711 218 30 0 959 Sitka Spruce 0 31 16 0 47 Alder (Red) 0 0 0 101 101 Total 2,591 1,086 235 101 4,013 4/20/15 2

Comments: Pond Values Used: 1st Quarter Calendar Year 2015. Expected Log Markets: Warrenton, Tillamook, Garibaldi, Forest Grove, Clatskanie, Mist and Springfield, OR; Morton and Longview, WA. Western redcedar and Other Cedars Stumpage Price = Pond Value minus Logging Cost: $737.09/MBF = $950.00/MBF - $212.91/MBF SCALING COST ALLOWANCE = $5.00/MBF FUEL COST ALLOWANCE = $3.00/Gallon HAULING COST ALLOWANCE Hauling costs equivalent to $780 daily truck cost. Other Costs (with Profit & Risk to be added): Additional Logging Costs: Branding and Painting: $1/MBF x 4,013 = $4,013 Slash & Landing Piling (includes Move-in and Pile Materials) = $6,065 (see attached appriaisal) End haul slash in Area 2: Dump Truck - 8 hours x $79/hr = $632 Log Loader - 4 hours x $129/hr = $516 TOTAL Other Costs (with Profit & Risk to be added) = $11,226 Other Costs (No Profit & Risk added): Machine Washing for Invasive Weed Compliance = $2,000 TOTAL Other Costs (No Profit & Risk added) = $2,000 4/20/15 3

Timber Sale Appraisal Knob Point Combination Sale AT-341-2015-54- District: Astoria Date: April 20, 2015 Logging Conditions Combination#: 1 Douglas - Fir 40.00% Western Hemlock / Fir 40.00% Sitka Spruce 40.00% Alder (Red) 40.00% Logging System: Cable: Small Tower <=40 Process: Stroke Delimber yarding distance: Medium (800 ft) downhill yarding: No tree size: Mature / Regen Cut (900 Bft/tree), 3-5 logs/mbf loads / day: 10 bd. ft / load: 4200 cost / mbf: $133.33 machines: Log Loader (A) Stroke Delimber (A) Tower Yarder (Small) Combination#: 2 Douglas - Fir 34.00% Western Hemlock / Fir 34.00% Sitka Spruce 34.00% Alder (Red) 34.00% Logging System: Shovel Process: Feller Buncher yarding distance: Medium (800 ft) downhill yarding: No tree size: Mature / Regen Cut (900 Bft/tree), 3-5 logs/mbf loads / day: 9 bd. ft / load: 4200 cost / mbf: $93.60 machines: Feller Buncher w/ Delimber Combination#: 3 Douglas - Fir 26.00% Western Hemlock / Fir 26.00% Sitka Spruce 26.00% Alder (Red) 26.00% Logging System: Track Skidder Process: Manual Falling/Delimbing yarding distance: Medium (800 ft) downhill yarding: No tree size: Small / Thinning 12in (130 Bft/tree), 12-17 logs/mbf loads / day: 8 bd. ft / load: 4300 cost / mbf: $129.51 machines: Log Loader (B) Track Skidder 4/20/15 4

Timber Sale Appraisal Knob Point Combination Sale AT-341-2015-54- District: Astoria Date: April 20, 2015 Logging Costs Operating Seasons: 2.00 Profit Risk: 8% Project Costs: $37,826.00 Other Costs (P/R): $11,226.00 Slash Disposal: $0.00 Other Costs: $2,000.00 Miles of Road Road Maintenance: $5.78 Dirt Rock (Contractor) Rock (State) Paved 0.0 0.0 0.0 0.0 Hauling Costs Species $ / MBF Trips/Day MBF / Load Douglas - Fir $0.00 3.0 4.3 Western Hemlock / Fir $0.00 3.0 4.0 Sitka Spruce $0.00 3.0 3.8 Alder (Red) $0.00 2.0 3.8 4/20/15 5

Timber Sale Appraisal Knob Point Combination Sale AT-341-2015-54- District: Astoria Date: April 20, 2015 Logging Costs Breakdown Logging Road Maint Douglas - Fir Fire Protect Hauling Other P/R appl Profit & Risk Slash Disposal Scaling Other Total $118.83 $5.95 $2.19 $62.28 $2.80 $15.36 $0.00 $5.00 $0.50 $212.91 Western Hemlock / Fir $118.83 $6.07 $2.19 $68.25 $2.80 $15.85 $0.00 $5.00 $0.50 $219.49 Sitka Spruce $118.83 $6.07 $2.19 $71.84 $2.80 $16.14 $0.00 $5.00 $0.50 $223.37 Alder (Red) $118.83 $6.07 $2.19 $107.76 $2.80 $19.01 $0.00 $5.00 $0.50 $262.16 Specie Amortization Pond Value Stumpage Amortized Douglas - Fir $0.00 $577.49 $364.58 $0.00 Western Hemlock / Fir $0.00 $481.62 $262.13 $0.00 Sitka Spruce $0.00 $453.19 $229.82 $0.00 Alder (Red) $0.00 $600.00 $337.84 $0.00 4/20/15 6

Timber Sale Appraisal Knob Point Combination Sale AT-341-2015-54- District: Astoria Date: April 20, 2015 Summary Amortized Specie MBF Value Total Douglas - Fir 0 $0.00 $0.00 Western Hemlock / Fir 0 $0.00 $0.00 Sitka Spruce 0 $0.00 $0.00 Alder (Red) 0 $0.00 $0.00 Unamortized Specie MBF Value Total Douglas - Fir 2,906 $364.58 $1,059,469.48 Western Hemlock / Fir 959 $262.13 $251,382.67 Sitka Spruce 47 $229.82 $10,801.54 Alder (Red) 101 $337.84 $34,121.84 Gross Timber Sale Value Recovery: $1,355,775.53 Prepared By: Bryce Rodgers Phone: 503-325-5451 4/20/15 7

Knob Point Combination TIMBER CRUISE REPORT FY 2015 1. Sale Area Location: Areas 1, 2, 3, and 4 are located in portions of Sections 8, 18, and 19, T7N, R6W, and Section 13, T7N, R7W, W.M., Clatsop County, Oregon. 2. Fund Distribution: BOF 92% CSL 8% Tax Code: 30-05 (73%) 01-02 (19%) CSL (8%) 3. Sale Acreage by Area: Area Treatment Gross Acres Posted Buffers Existing R/W Net Acres Survey Method 1 Modified Clearcut 15 1 1 13 GIS 2 Modified Clearcut 18 0 1 17 GIS 3 Partial Cut 35 0 <1 35 GIS 4 Modified Clearcut 78 4 5 69 GIS TOTALS 146 5 7 134 4. Cruisers and Cruise Dates: All areas were cruised by Bryce Rodgers, John Choate, Ed Holloran, Andrew Arvin, and Jon Long in February 2015. 5. Cruise Method and Computation: All cruisers used Corvallis Micro Technology (CMT) data collectors, and were downloaded to the Atterbury Super A.C.E. program at the Astoria District for computing. See the attached Cruise Design for more details on the cruise method. The cruise calculations were processed in the Astoria District office. Areas 1 and 2 are modified clearcut units and were variable plot cruised using a 54.44 BAF for all species. These plots are located on a 3 chain by 3 chain grid, with every other plot measured and graded. A total of 32 plots were sampled, with 15 measured and graded plots, and 17 count plots. Area 3 is a partial cut unit and was variable plot cruised using a 40 BAF for all species. These plots are located on a 4 chain by 3 chain grid, with every other plot measured and graded. A total of 27 plots were sampled, with 14 measured and graded plots, and 13 count plots. Area 4 is a modified clearcut unit and was variable plot cruised using a 54.44 BAF for all species. These plots are located on a 4 chain by 4 chain grid, with every other plot measured and graded. A total of 44 plots were sampled, with 17 measured and graded plots, and 27 count plots. AREA CRUISE TRACT TYPE ACRES 1 and 2 T07N R06W 08 AREA1AND2 TAKE 30 3 T07N R07W 13 AREA3 TAKE 35 4 T07N R07W 13 AREA4 TAKE 69 6. Timber Description: Areas 1 and 2 are modified clearcut units, approximately 45 to 75 years old, consisting of Douglas-fir, Western hemlock, Sitka spruce, and red alder, with a minor cohort of Noble fir. The average Douglas-fir tree size to be harvested is approximately 19 inches DBH, with an average height of 50 feet to a merchantable top (6 inch d.i.b./40% fp). The average Western hemlock tree size to be harvested is approximately 22 inches DBH, with an average height of 61 feet to a merchantable top (6 inch d.i.b./40% fp). The average red alder tree size to

)))))))))))))))) ;!R ; ;!R Area 1 LOGGING PLAN MAP OF TIMBER SALE CONTRACT NO. 341-15-54 KNOB POINT COMBINATION PORTIONS OF SECTIONS 8, 18 & 19, T7N, R6W, AND SECTION 13, T7N, R7W W.M., CLATSOP COUNTY, OREGON â Ñ Shingle Mill Road Area 2 )) )))))) ) ))) )))))!( Knob Point Stockpile Site 7 18 8 17 Shingle Mill Road Knob Point Road ÑÜ )))) Big Legend )))))))) )))) )))))))) Nic Road Timber Sale Boundary Posted Stream Buffer Stream Buffer Typer N Stream Type F Stream Ownership Boundary!R New Landing Construction ; Ground Yarding Area Shingle Mill Road Cable Yarding Area Surfaced Road Paved Road ÑÜ Stockpile Site!( Existing Landing Approximate Scale 1" = 1000' 18 17 ³ Logging Breakdown Tractor Cable Area 1 (MC) - 30% 70% Area 2 (MC) - 0% 100% Area 3 (PC) - 100% 0% Area 4 (MC) - 59% 41% Total= 60% 40% Approximate Net Acreage Acres Area 1 (MC) - 13 Area 2 (MC) - 17 Area 3 (PC) - 35 Area 4 (MC) - 69 Total Sale Acreage = 134 0 500 1,000 2,000 Feet

STATE ))))))))))))))))))))))))))))))))))) )))))))) ))))))))))) PRIVATE 12 7 "J 13 18 CSL BOF B Knob Point Qaurry and Stockpile Site LOGGING 7PLAN 8 MAP OF TIMBER SALE CONTRACT 18 17 NO. 341-15-54 KNOB POINT COMBINATION PORTIONS OF SECTIONS 8, 18 & 19, T7N, R6W, AND SECTION 13, T7N, R7W W.M., CLATSOP COUNTY, OREGON ; ; ; ; Area 3 ; ; "J ; Big Nic Road Knob Point Road ÑÜ T7N R7W T7N R6W Shingle Mill Road PRIVATE STATE 13 "J 18 24 19 18 17 19 20 Legend )))))))) )))) )))) )))))))) Timber Sale Boundary Posted Stream Buffer Stream Buffer Reforestation Area Directional Felling Ownership Boundary Typer N Stream Type F Stream ; ; ; ; )))))))))))))))))))))) ; ; ))) ) ))))))))))))))))))))))))))))))))))) ) ))) ; ; ; ))))))))))))))))))))))))))))))))))))))))))))) ))))))) ; ; ; ; ; ; ; ; Area 4 )))))))))))))))))))))))))))) ; â Ñ â Ñ!R New Landing Construction B Surfaced Road Paved Road Quarry ÑÜ Stockpile Site ; Ground Yarding Area Cable Yarding Area ; ) ³ Approximate Scale 1" = 1000' Logging Breakdown Tractor Cable Area 1 (MC) - 30% 70% Area 2 (MC) - 0% 100% Area 3 (PC) - 100% 0% Area 4 (MC) - 59% 41% Total= 60% 40% Approximate Net Acreage Acres Area 1 (MC) - 13 Area 2 (MC) - 17 Area 3 (PC) - 35 Area 4 (MC) - 69 Total Sale Acreage = 134 0 500 1,000 2,000 Feet