One of the largest ranch holdings in the Northern Great Plains, the SPEAR S RANCH presents an extremely rare opportunity to acquire a comprehensive and versatile working ranch property with enough scale to make an efficient 1,500 +/- Animal Unit operation. The principals have now decided to make this ranch available for the next legacy to be written.

Hewitt Land Company is pleased to offer the SPEAR S RANCH at Absolute Public Auction, selling without reserve bid! Have your arrangements made. Internet bidding available. Broker participation invited (form and deadline required).

RANCH FEATURES:

28,693 Ac Deeded, 3,298 Ac Lease, (total 31,990 Ac)

Complete Ranch HQ complex w/ three separate HQ locations

Two deep water wells extensive pipeline system 40,000+/- gal water storage capacity

Owner/Managers residence; 2,300 sq. ft 2-story, attached garage, wrap around deck, (new in 2007), additional support housing

80 x 200 Red-Iron/Steel open span livestock barn (new in 2014) and numerous outbuildings

Pipe corrals, sorting pens and livestock scale

5 miles of live water (Sulpher Creek) and 10 miles of seasonal creeks (S Sulpher and Bull Run Creek)

Exceptional access with 8 miles of US Hwy 212 frontage and 8 miles of well-maintained county gravel roads

Fenced and cross-fenced into nearly fifty pastures (many fences sheep tight)

Exceptional grass cover and remarkable winter protection

BUTTE COUNTY PROPERTY TRACT DESCRIPTIONS:

The existing fences may not follow the tract boundaries. Any additional fencing or surveying required shall be the responsibility of the Buyer(s). In the event the property sells in Tracts or Combinations of Tracts, the 3,600 Deep Well (located in Sec. 36 -T12N, R8E) and appurtenant water system shall be pro-rated based upon the deeded acreage contained in each Tract or Combination, as the case may be. The Butte County property is situated 5+/- miles NE of the Meade County property.

TRACT 1: Consisting of 3,269.04 Ac Deeded + 320 Ac SD State Lease (Total 3,589.04 Ac)

Tract 1 is a complete ranch unit, with a large machine shed, barn and corrals. This tract is fenced and cross-fenced and has 293.56 ac tillable, currently in hay production. Tract 1 has a shallow well and an internal waterline system in addition to an interest in the main deep well serving the remainder of the Butte County property. Tract 1 is accessed by Old Twilight Rd and Prairie View Ln. This tract is an exceptional ranch unit with outstanding hunting, grass production, water and functional improvements.

TRACT 2: Consisting of 2,398.76 Ac (All Deeded)

Tract 2 includes 293 Ac tillable, the main owners/mgrs residence and surrounding acreage. The property is all deeded and is accessed by Gruwell Rd, a well-maintained Butte County Rd. The residence is a 2,300 sq.ft two-story custom built home constructed in 2007. The home features 3 bdrm, 3 bath, second story dormers, main floor laundry, attached two car garage, in floor heat, and wrap around deck. This Tract has exceptional game habitat making this tract ideally suited for a personal home, game lodge or hunting cabin. The Buyer of Tract 2 shall be entitled to an interest in the Deep Well and Water system.

TRACT 3: Main HQ Tract Consisting of 4,254.17 Ac. Deeded + 663 Ac. Leased (120 Ac State & 543 Ac Private)

4,917.17 Total Acres; Comprised of; 1,211.64 Ac. Tillable, HQ Improvements, Live Water on Sulpher Creek, Excellent Grass and extensive Waterline.

Tract 3 includes the Main HQ improvements, consisting of; 3 bedroom 2 bath ranch style home.

8200 Red-Iron Steel livestock barn, new in 2014, Morton livestock shed 60120, machine shop/qwonset, calving barns, (insulated and heated), pipe corrals and sorting alley, certified digital livestock scale, numerous pens and out-buildings. The HQ tract is accessed via Gruwell Rd., one-half mile off US Hwy 212. The Buyer of Tract 3 shall be entitled to an interest in the deep well and water system.

Combination 2 & 3: Consisting of 6,652.93 Ac Deeded + 663 Ac Lease

A well balanced operating unit with 1,504+/- Ac tillable for small grain or feed production, Complete HQ, exceptional all weather access and live water. The Buyer shall be entitled to an interest in the Deep Well and water system.

TRACT 4: Consisting of 1,027.22 Ac. All Deeded

Tract 4 is an all Grazing Land Tract, with exceptional grass cover, well placed tanks and two large reservoirs with direct access off US Hwy 212. The Buyer of Tract 4 shall be entitled to an interest in the Deep Well water system. Tracts 4 and 5 are not fenced separately.

TRACT 5: Consisting of 1,977.02 Ac. Deeded + 217.57 Ac BLM Lease

Tract 5 is an all Grazing Land Tract, with exceptional grass cover, waterline and several well-placed reservoirs with direct access off US Hwy 212. The Buyer of Tract 5 shall be entitled to an interest in the Deep Well water system and tanks.

Combination 4 & 5: Consisting of 3,004.24 Ac Deeded + 217.57 Ac BLM

Unit B offers the opportunity to combine tracts 4 and 5 into one remarkable, contiguous grazing land tract with direct access to US Hwy 212, pipeline water, several tanks and well-placed reservoirs. The buyer shall be entitled to an interest in the Deep Well water system.

TRACT 6: Consisting of 3,214.41 Ac. Deeded +840 Ac. State and BLM Lease;

Tract 6 is an excellent Grazing Land Tract, with exceptional grass cover, waterline with several well-placed tanks and reservoirs and direct access off US Hwy 212. This tract is cross-fenced into two pastures and features 840+/- acres of State and BLM Lease! The Buyer of tract 6 shall be entitled to an interest in the Deep Well and water system.

TRACT 7: Consisting of 3,416.50 Ac. Deeded + 788.68 Ac. State and BLM Lease;

Tract 7 is an excellent Grazing and Hayland Tract, with exceptional grass cover and 287 acres mapped tillable which is fenced and is currently in hay production, waterline with several well-placed tanks and reservoirs and direct access off US Hwy 212. This tract is cross-fenced into three additional pastures and features 800+/- acres of State and BLM Lease! There is a trade use arrangement on 320 acres which lies outside the perimeter. The Buyer of tract 7 shall be entitled to an interest in the Deep Well and water system.

Combination 6 & 7: Consisting of 6,630.91 Ac Deeded + 1,628.68 Lease

Presents a tremendous opportunity to acquire quality grazing land and tillable together with 1,628+/- acres of secure low-cost lease and Hwy 212 frontage! The property is well fenced and cross-fenced with several well-placed tanks and reservoirs. A remote corral system is accessible directly off the paved Hwy.

TRACT 8: PIVOT IRRIGATED HAYLAND:

Tract 8 consists of 160 acres of pivot irrigated hayland and a 6 Tower Rienke Center Pivot and Pump system. Taxes:1,004.00 Irrigation Assessment: $2,234.73

Tract 8 is located 6 miles east of the town of Newell, SD and is comprised of Cl III Bidman-Redig and Cl IV Kyle and Pierre Clay soils. The property is situated along Old Hwy 212, a well maintained Butte County gravel road. The Rienke Pivot and 25 HP Cornelle Pump was installed new in 2013. This tract provides an efficient dependable source of feed production and will augment any portion or the entire Spear S Ranch property.

Combination Tracts 1 7 Consisting of 19,557.12 Ac Deeded and 2,829.25 Ac Lease

The Butte County ranch may be operated a fully autonomous ranch enterprise with exceptional HQ improvements, three homes, two wells and complete water and storage systems, pivot irrigated Hayland and an additional 1,800+/- ac dry land tillable with direct Hwy access and live water. TAXES: $64,745.68

MEADE COUNTY PROPERTY TRACT DESCRIPTIONS

The existing fences may not follow the tract boundaries. Any additional fencing or surveying required shall be the responsibility of the Buyer(s). In the event the property sells in Tracts or Combinations of Tracts, the 3,512 deep well drilled in 2018 (located in Sec. 33 -T11N, R10E) and appurtenant water system shall be pro-rated based upon the deeded acreage contained in each Tract or Combination, as the case may be. The Meade County property is situated 5+/- miles SE of the Butte County property.

TRACT 9: Consisting of 4,396.77 Ac Deeded + 480 Ac State Lease

Tract 9 is an exceptionally versatile ranch property with over 2 miles of the main fork of Sulpher Creek and 2.5 miles of South Sulpher Creek, both heavily timbered providing exceptional winter protection for both livestock and wildlife. There is 184+/- acres of Hayland with a newly established shelter belt and modest working facilities. The wildlife populations are abundant and varied from big game to game birds. The Buyer of Tract 9 shall be entitled to 50% of the Deep Well located in Sec 33 T11N, R10E. The property is adjacent to the Sulpher Cut Off Rd. and Meade Co Hwy 28 S.

TRACT 10: Consisting of 4,578.94 Ac. Deeded + 160 Ac BLM Lease

Tract 10 is an exceptionally versatile and attractive ranch property with over 2 miles of the main fork of Sulpher Creek, 3 miles of South Sulpher Creek and 3 miles of Bull Run Creek, all timbered creeks providing exceptional winter protection for both livestock and wildlife. There is 184+/- acres of Hayland and newly establish shelter belt. The wildlife populations are abundant and varied from big game to game birds with both Mule Deer and Whitetail predominate. The Buyer of Tract 9 shall be entitled to 50% of the Deep Well located in Sec 33 T11N, R10E.

Combination 9 & 10: Consisting of 8,975.71 Ac Deeded + 640 Ac State and BLM Lease

Combines for an exceptional ranch unit which includes a complete set of functional improvements and working facilities, a 3,512 ft deep well drilled in 2018 with added storage facility and miles of pipeline with concrete tanks. The property is cross fenced into nearly a dozen pastures and boasts over 12.5 miles of creek bottom and winter protection!

The Meade County ranch affords the rare opportunity to assemble a year around ranch operation with easy access, live water, exceptional grass production, outstanding winter protection, remarkable water system and extraordinary game populations. TAXES: $30,343.98

ENTIRE SPEAR S RANCH UNIT: Consisting of 28,692.83+/- AC. DEEDED + 3,298 Ac LEASE

The Entire Unit features the entire Spear S Ranch together with all the improvements, two deep wells, extensive water systems, tillable land and irrigation center pivot. This is a remarkable ranch holding and one of a size and scale becoming increasingly hard to come by!

This remarkable ranch sells without reserve! If you have an interest and ability to own part or all of this offering, be with us December 10, 2019; 10:30 AM (MT) at the Rushmore Plaza Holiday Inn Convention Center, Rapid City, SD 57701

Terms and Conditions:

The property will be offered in Ten (10) Tracts individually, Five (5) distinct Combinations, and as One Entire Unit selling in the manner realizing the greatest return to the Sellers. Successful bidder(s) shall make a 10% non-refundable earnest money deposit at the conclusion of the auction with the balance due in certified funds at closing, on or before March 12, 2020. Property sells ABSOLUTE, without reserve bid and without buyer contingency of any kind. Have your financial arrangements secured prior to bidding!

Title:

Title transfers by Warranty Deed, an owners policy title commitment showing merchantable title, subject to conditions, restrictions, zoning, and easements of record will be provided and is available for review prior to the auction. The 2019 and prior years RE taxes will be paid by the Seller, the 2020 RE taxes, payable in 2021, shall be the responsibility of the Buyer. The closing agent fee and cost of Owners Policy of title insurance will be divided equally between Buyer(s) and Sellers. Sellers make no representation as to any interest in mineral, oil, gas, fossil and hydrocarbons of any nature. All Sellers mineral interests owned (if any) shall transfer with title. Announcements made sale day take precedence over any printed material.

Closing/Possession:

Closing shall be on or before March 12, 2020. No early possession shall be granted, however parties shall be granted access to the premises for the purposes of surveying, fencing and appraisal.

Representation:

Hewitt Land Company Represents the Sellers in this Transaction. Broker Participation is invited, (form and deadline required). Buyers Premium: A 1% buyers premium shall be added to the sale price to arrive at the final Contract Price.

OWNERS: SPEAR S CATTLE COMPANY, LLC and ANDEN VAN BEEK