Investment Why Invest with Molpus? The Molpus Woodlands Group, LLC is an SEC registered investment adviser. With a history dating back to 1905, we are one of the oldest timber-related companies in the nation. We believe our deep history and qualities of integrity, creativity, and resiliency–combined with our sophisticated, entrepreneurial edge–have allowed us to set our company apart. Since inception, Molpus has acquired more than 4 million acres for clients valued at over $4 billion. “Of course, we’re not just resting on our depth of experience. We’re expanding on it, hiring people who are recognized experts in timberland investment management. And, we don’t just consult with foresters and technicians, we are foresters and technicians.” Reputational Benefits Over the course of a calendar year, Molpus receives hundreds of timberland acquisition opportunities for evaluation. Given our reputation within the industry, we do receive acquisition opportunities that are not generally available to other managers. We evaluate these opportunities through a many-layered evaluation process. In most cases, these opportunities do not meet our high standards and our client’s investment objectives and are not recommended to a client. Please see our acquisition process for more information. Vertically Integrated Business Structure We adhere to a vertically integrated business structure. We handle or supervise the following functions with in-house experts as opposed to outsourcing to unrelated third-party contractors: AccountingAcquisitionForestryInformation systems, including GISRegulatory complianceReal estateConservationLegal functions In-house Expertise and Technology We use our vertically integrated approach to manage our clients’ timberland investments on a day-to-day basis. Molpus is able to leverage in-house expertise in establishing and implementing the appropriate management strategies for a given client’s investment. In addition to GIS, the technologies we use include satellite/infrared imaging, our proprietary Timberlands Information Management System (TIMMS) and Stand Treatment Economic Assessment Model (STEAM). TIMMS is a customized development for Molpus, utilized by many business units of the company including investment acquisitions, legal services, real estate and renewables, timber inventory, timber accounting and forest management. STEAM, developed in-house by Molpus employees, is a tool to financially assess the silvicultural inputs, economic parameters and timber outputs of timber management. Ways that Vertical Integration Benefits Our Clients Improve due diligence by leveraging our depth and breadth of experience when analyzing opportunities.Enhance deal flow by sourcing acquisition opportunities from our broad-ranging industry contacts.Optimize biological growth rates and harvest by coordinating intensive asset management with a given investor’s risk-return objectives.Maximize timber sale prices by using our bargaining power and extensive knowledge of local markets.Optimize value added opportunities of higher and better use land sales, carbon sequestration projects, alternative energy opportunities, conservation easements, and endangered species habitats.Enhance client returns by implementing a bonus program for Molpus employees that aligns with client performance. Forest Management Certification Our commitment to ESG principles is demonstrated by our third-party certification and continuous improvement in all of our management practices. All of Molpus’s forest assets are certified to the Sustainable Forestry Initiative (SFI) Forest Management Standard, which is recognized by the globally- recognized Programme for the Endorsement of Forest Certification (PEFC). Where beneficial to the investment, additional certification to the Forest Stewardship Council (FSC) standards is also obtained. These third-party certification programs are among the most comprehensive standards for sustainable forestry. More Information Contact us for more information about investing with Molpus Woodlands Group. In This Section Why Invest with Molpus? Unique Benefits Potential Risks Acquisition Process