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Bid Deadline <br />A Qualified Bidder that desires to make a bid shall deliver a written copy of its bid to the <br />Debtors as follows: David E. Leta, Snell & Wilmer L.L.P., Attorneys for Federal Resources, Inc. <br />and Camp Bird Colorado, Inc., 15 W. South Temple, Suite 1200, Salt Lake City, Utah 84101, by <br />no later than 4:00 p.m. (MST) on December 11, 2015 (the "Bid Deadline"). Counsel for the <br />Debtors shall immediately deliver all bids received to counsel for the Purchaser. With the <br />consent of the Purchaser, the Debtors may extend the Bid Deadline once or successively, but it is <br />not obligated to do so. <br />All bids must include the following documents (the "Required Bid Documents"): <br />• A letter stating that the bidder's offer is irrevocable until the earlier of <br />(i) two (2) business days after the Equipment upon which the bidder is <br />bidding have been disposed of pursuant to the Bid Procedures; or (ii) <br />thirty (30) days after the Sale Hearing. <br />• An executed form of asset purchase agreement in form and substance <br />acceptable to the Debtors (the "Asset Purchase Agreement"). <br />• Written evidence of a commitment for financing or other evidence of <br />ability to consummate the proposed transaction satisfactory to the Debtors <br />in their sole discretion. <br />• Deposit of $10,000, which shall be held by the Debtors until the <br />Bankruptcy Court approves the sale of the Equipment. The Debtors will <br />consider a bid only if the bid is on terms that are not conditioned on <br />obtaining financing or on the outcome of unperformed due diligence by <br />the bidder. A bid received from a Qualified Bidder that includes all of the <br />Required Bid Documents and meets all of the above requirements is a <br />"Qualified Bid." <br />"As Is, Where Is" <br />The sale of any of the Equipment shall be on an "as is, where is" basis and without <br />representations or warranties of any kind, nature, or description by the Debtors, their agents or <br />the Debtors' estates. All of the Debtors' right, title and interest in and to the Equipment shall be <br />sold free and clear of all pledges, liens, security interests, encumbrances, claims, charges, options <br />and interests thereon and there against (collectively, the "Interests") in accordance with § 363 of <br />the Bankruptcy Code, with such Interests to attach to the net proceeds of the sale(s) of the assets. <br />Each bidder shall be deemed to acknowledge and represent that it has had an opportunity <br />to inspect and examine the assets and to conduct any and all due diligence regarding the assets • <br />prior to making its offer, that it has relied solely upon its own independent review, investigation <br />and/or inspection of any documents and/or assets in making its bid, and that it did not rely upon <br />any written or oral statements, representations, promises, warranties or guaranties whatsoever, <br />whether express, implied, by operation of law or otherwise, regarding the assets, or the <br />