By Order of: Full Circle Capital Corporation,

as secured lender to:

ProGrade AmmoGroup LLC, ProGrade RE LLC and ProGrade

Holdings LLC3616 Eastside Highway, Stevensville, MT 59870

Unprecedented Plant Closure and Online Auction of Rifle & Pistol Ammunition Manufacturing & Loading Equipment

FEATURING: (15) Mark L & Mark VLoaders (15) Dillon Loaders - LargeSelection of reloading inspection

and support equipment

Real Estate 2 ACRES - 21,000 SF INVENTORY INCLUDING: PRIMERS • RAW MATERIAL • FIRED BRASS

• POWDER • FINISHED LOADED ROUNDS

SALE DATE: THURSDAY FEBRUARY 18TH , 1:00 PM (ET)OPEN HOUSE INSPECTION: WEDNESDAY FEBRUARY 17TH , 9 AM to 4 PM

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MARK L 11 STATION RIFLE 223/300MARK L 11 STATION RIFLE 223/300CALIBER CNC AMMUNITION LOADERCALIBER CNC AMMUNITION LOADER

MARK L 11 STATION RIFLE 308 CALIBERMARK L 11 STATION RIFLE 308 CALIBERCNC AMMUNITION LOADERCNC AMMUNITION LOADER

WATERBURYWATERBURYFARREL 7FARREL 7

POSITION 223POSITION 223CALIBERCALIBER

AMMUNITIONAMMUNITIONLOADERLOADER

Mark V’s are set up toload 9 mm; 45ACP; 40 CAL; 380ACP; 45 ACPMARK V 9MARK V 9

STATIONSTATIONAMMUNITIONAMMUNITION

LOADERLOADER

Sale under Management of:

WOR LDW IDE AUC T ION & APPRA I SA L S E RV ICE S

Thomas Industries, Inc.2414 Boston Post Road, Guilford, CT 06437-2310

Phone (203) 458-0709 • Fax (203) 458-0727 email: gavel@thomasauction.com www.thomasauction.com

WATERBURY FARREL 7 POSITION 223CALIBER AMMUNITION LOADER

MARK V 9 STATION AMMUNITIONLOADER

ONLINE BIDDING ONLY – REGISTER AND BID AT WWW.THOMASAUCTION.COM2

UNPRECEDENTED OFFERING OF AMMUNITIONMANUFACTURING & LOADING EQUIPMENT

(2) MARK L- 11 CNC STATION RIFLECNC AMMUNITION LOADERS

Ammo Load Worldwide Mark L 11-StationAutomatic Rifle Ammunition Loaders, S/NALWMKL018;S/N MKL015 set up for 223; 300;308 Caliber.Est 3500+/- Rounds Per Hour.

(11) MARK V- 9 STATION AMMUNITIONLOADERS

Ammo Load Worldwide Mark V 9-StationAutomatic Pistol Ammunition Loaders, w/Ammo Load Worldwide 6” Vibratory BowlFeeder S/N 646;S/N 696;S/N 396;S/N 645;S/N565;S/N472; S/N ALWO 411; S/N 666;S/N 363;S/N 247; S/N137set up for 9 mm; 40 CAL;38/357 40 & 45 ACP; 380 ACP. Est 4000+/-Rounds Per Hour.

(2) WATERBURY FARREL 7 STATIONAMMUNITION LOADERS

Waterbury Farrel 7-Position Auto AmmunitionLoaders Model 7259-301; Model #5259-301set up for #AL308 & 223 CaliberBullets.Est 3500+/- Rounds Per Hour.

(14) DILLION AMMUNITION LOADERSDillion Super 1050; 8-Station Reloaders 1200Rounds Per HrDillion RL550B Reloading MachineLarge Assortment Spare Parts for DillionSuper 1050 Reloaders

PRIMING -MEASURING TOOLSRCBS Uniflow Powder Measure ToolRCBS .50 BMG Priming Tool w/ RCBS UniflowTool & RCBS Single Stage Press

(2) Redding Powder Measure Tools(2) Dillion RF100 Automatic Primer Fillers

MARK L 11 STATION RIFLE 308 CALIBERCNC AMMUNITION LOADER

OVERVIEW OF SHOP MANUFACTURING AREA

MARK L 11 STATION RIFLE 223/300 CALIBERCNC AMMUNITION LOADER

SCHARCH RANGE MASTER CASEINSPECTOR/REAMER

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OPEN HOUSE INSPECTION: WEDNESDAY, FEBRUARY 17, 9 AM TO 4 PM

INVENTORY • REAL ESTATE • SUPPORT EQUIPMENT • DIE CUTTING

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DIE SETSLarge Selection of RCBS Die Sets - LargeSelection of Lee Factory Crimp Dies - LargeSelection of Dillion Die Sets - Assorted DieSets

PRESSES(3) Large Caliber Single Stage PressesLyman Turret Press w/ Assorted Lyman DieSets

(3) RCBS Rock Chucker Supreme SingleStage Presses

(10) VIBRATORY BOWL FEEDERS(2) Scharch Mfg 6” Vibratory Bowls(8) Ammo Load Worldwide 6” Vibratory BowlFeeder Model #PF-1

(6) INSPECTION STATIONS(6) Custom Manufactured InspectionStations w/ 6’ Variable Speed Conveyorsand Loading Hoppers

SCHARCH RANGE MASTER CASE PROCESSING EQUIPMENT

(7) Scharch Mfg Range Master CaseInspectors; Auto Reamers;Deprimers,w/Vibratory Bowl Feeders

(19) DIGITAL SCALESDillion Digital Model #GS - Salter Brecknell5,000 Lb Cap Platform Scale w/ SalterBrecknell 200E Digital Readout - (4) RCBSCharge Master Digital Scales - (7)-Digi DC-782 Digital Counting Scales, 60 Lb Cap –(3)-RCBS Change Master 1500 Digital Scaleand Change Master Dispensers - HornadyDigital Scale & Dispenser - Dillion D-Terminator Digital Scale - Ohaus SD SeriesDigital Scale 440 Lb Cap

POWDER STORAGE UNITArmag Type 2 Powder Storage Unit (ATFApproved)

MARK V 9 STATION AMMUNITION LOADER1IMER 5 CU FT FINISHING TUMBLERS DILLION SUPER 1050 8-STATION RE-LOADERS, 1200ROUNDS PER HR

WABASH DUAL AXLE TRAILER(3) RCBS CHARGEMASTER 1500 DIGITAL SCALESAND MASTER SCALE/MASTER DISPENSERS

10 HP GARDNER DENVER AIRCOMPRESSOR

Mark V’sare set up toload 9 mm; 45ACP; 40 CAL;380 ACP; 45

ACP

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SALE DATE: FIRST LOT CLOSES: THURSDAY, FEBRUARY 18, 1:00 PM (ET)4

ONLINE INTERNET BIDDING ONLY – REGISTER & BIDAT WWW.THOMASAUCTION.COM

AMMUNTION BOXING MACHINES(4) Scharch Mfg Range Master AmmunitionBoxing Machines Model #38/3578T, VariableSpeed w/ Wood Top Benches

(15) TUMBLERSDillion Magnum FL-2000B Vibratory TumblerClarke Portable Tumblers Model #PM1001Central Machinery Portable Tumblers, 3 1/2Cu Ft, Model #31979

(12) Imer 5 Cu Ft Tumblers, Portable

INSPECTION(12) Frankford Arsenal 0” to 6” DigitalCalipers

(3) Digital Calipers 0” to 6” & (1) 0” to 6” DialCaliper

RANGE EQUIPMENTSavage Range Systems w/ Pro ChromeDigital Velocity Meter CompetitionElectronics

TOOL ROOMCentral Machinery 13” Drill Press - Ryobi DrillPress - Irwin 4 1/2” Bench Vise - Hitachi 18VCordless Drill w/ Case - Ryobi 1/2 ElectricHammer Drill w/ Case - (2) Ryobi 16VCordless Drills w/ Drill Bit Set - Drill Doctor750X - Emerson Job Box - Husky 10-DrawerRoll-Around Tool Cabinet w/ ContentsIncluding: Large Assortment of Hand Tools -Ryobi 4” Belt 6” Disc Sander - Ryobi 8”Bench Grinder - Dremel w/ Tooling - (3)Angle Grinders - (4) Assorted Electric HandTools - Alltrade 6” Bench Vise

OVERSEA CONTAINERS(5) Oversea Containers 20’ – 85’

FORK LIFTSToyota 5,000 Lb Cap LPG Forklift Model8FGCU25 S/N 28896, Triple-Mast w/ SideShiftToyota 3,750 Lb Cap LPG Forklift Model 42-GFCU25 S/N 61140, Triple Mast w/ Side Shift

INVENTORY –FINISHED BULLETS –RAW MATERIAL OVER$2,300,000 AT COST

LOT CATALOG, REGISTRATION AND BIDDING AT WWW.THOMASAUCTION.COM

COMPLETE LOT CATALOG, REGISTRATION & BIDDING AT WWW.THOMASAUCTION.COM

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AIR COMPRESSORSGardner Denver 15 HP Horz Tank AirCompressor Model #EBE990 S/N 5328066Belair Air Dryer Model #AMD75-2, S/N 0644T-75 (2010)Central Pneumatic 2 HP Air CompressorIndustrial Gold Series Vert Tank AirCompressor 7.5 HP

BOX TRUCK1992 Chevrolet Box Truck VIN#J8BE5B1U4N3001492

TRACTOR/TRAILERS 1998 Freightliner Tractor Trailer VIN #1FUYN-MDB5WP906693 w/ 1988 Trailer VIN#1PT01AAH9J9008568Wabash Trailer Model #SA-102

PALLET LIFTSGlobal Industrial 5,500 Lb Cap Hyd PalletTruck w/ Digital Weigh Scale

(4) Hydraulic Pallet Jacks, 5,500 Lb Cap

PLANT SUPPORTBanding Cart w/ Tools - 2-Door Gun Safe -Trade Show Booth - (2) Rubbermaid ShopCarts - (9) Hand Trucks - (5) Step Ladders -(12) Shop Vacs - (2) Skids of Comfort Mats -(6) Fans - Snap On Roll-Around ToolCabinet - Husky 10-Drawer Roll Around ToolCabinet - Fastenal 4-Drawer Cabinet w/Contents - Craftsman Roll-Around ToolCabinet - 4-Drawer Tool Cabinet - (3) Roll-Around Job Boxes - Napa 85-2250 BatteryCharger & Starter -Husquarna Walk BehindLawn Mower - Assorted Loading Trays - (5)BEA Pneumatic Box Staplers w/ CentralPneumatic 5 Gallon Air Tank - Approx. (150)Stackable Totes – (3) CustomManufactured Size Rollers - BrowningProsteel Safes Gun Safe IP60 - (3) ULine H-1903 Glue Guns w/ (4) Cartons of GlueSticks

OFFICE FURNITUREOFFICE PC’S-PRINTERS

Desks w/ Chairs - File Cabinets –Conference Tables - Workstations w/Chairs - Folding Tables - Staples PaperShredder - Magic Chef Mini Fridge & KeurigCoffee Maker - (6) Sections Change-O-Matic Cubby Lockers (60) Lockers Total -Hotpoint Refrigerator Freezer - (2)Microwave Ovens w/ Table; Dells, GatewayPC’s, Servers, Printers, (19) 24” Flat ScreenMonitors

GUN SAFE1998 FREIGHTLINER TRACTOR TRAILER VARIOUS SIZE OUTSIDE STORAGE CONTAINERS

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THERE WILL BE NOBUYER'S PREMIUM

CHARGED AT THIS SALE

THIS BROCHURE IS A PARTIAL LISTING. COMPLETE LOT CATALOG & PHOTOS AT WWW.THOMASAUCTION.COM6

REAL ESTATE AND BULK BID

REAL ESTATE – 3 BUILDINGS – (2 STORAGE FACILITIES AND 1 MAIN OFFICE FACILITY)TOTAL SQUARE FOOTAGE APPROX. 21,000 – LOCATED ON 2 +/- ACRES

REAL ESTATE Location of Property: 3616 Eastside Highway,Stevensville, Ravalli County, Montana

Site: 2.00 acres, or +/- 87,120 sfThere is no zoning in this portion of Ravalli County.Most utilities including electricity, natural gas, com-munications are available to the property.Sanitary disposal is handled by a private septicsystem and domestic water is provided by a pri-vate well. Taxes are approximately $9,000.

The site is improved with 3 buildings, a 32-unit mini-storage building (6,400 Sq Ft), an unheated stor-age building (4,800 Sq Ft) and the mainshop/office building (9,062 Sq Ft)

REAL ESTATE Lot #1 Deposit/Payment TermsNOTE TO BIDDERS: IN ORDER TO BID ON THIS LOT A $25,000REFUNDABLE DEPOSIT MUST BE SUBMITTED TO AUCTIONEER,ON OR BEFORE TUESDAY FEBRUARY 16, 2016 BY WIRETRANSFER OR CERTIFIED FUNDS - THE SUCCESSFUL BIDDERMUST INCREASE THE DEPOSIT TO 25% OF THE BID PRICE BYWIRE TRANSFER TO AUCTIONEER NO LATER THAN CLOSE OFBUSINESS TUESDAY, FEBRUARY 23, 2016. FINALPAYMENT/CLOSING DATE AND TERMS FOR THE REAL ESTATEWILL BE IN ACCORDANCE WITH STANDARD REAL ESTATECLOSING CONTRACT, COPY AVAILABLE BY REQUEST. FINALPAYMENT/CLOSING DATE FOR ALL OTHER ASSETS WILLOCCUR SIMULTANEOUSLY WITH THE CLOSING OF THE REALESTATE. FAILURE TO CLOSE WILL ADDITIONALLY, IN ORDERTO BID ON THIS LOT BIDDER MUST HOLD AND PROVIDEAUCTIONEER WITH A COPY OF AN APPROPRIATE VALID U.S.FEDERAL FIREARMS MANUFACTURER’S LICENSE PRIOR TOYOUR BIDS BEING ACCEPTED. CALL NOW FOR DEPOSITINFORMATION 203-458-0709***INFORMATION 203-458-0709

Any questions pertaining to the closing or documentation forthe Real Estate, please feel free to contact AttorneyRobert Wonneberger - LeClair Ryan Phone 203-672-1630Robert.Wonneberger@leclairryan.com

BULK BID Lot #250 Bulk Bid DEPOSIT/PAYMENT TERMS Please note if you intend on bidding on Lot #250 the Bulk Bid (allof the assets) ***NOTE TO BIDDERS: IN ORDER TO BID ON THISLOT A $25,000 REFUNDABLE DEPOSIT MUST BE SUBMITTED TOAUCTIONEER, ON OR BEFORE TUESDAY FEBRUARY 16, 2016 BYWIRE TRANSFER OR CERTIFIED FUNDS - THE SUCCESSFUL BIDDERMUST INCREASE THE DEPOSIT TO 25% OF THE BID PRICE BY WIRETRANSFER TO AUCTIONEER NO LATER THAN CLOSE OF BUSI-NESS TUESDAY, FEBRUARY 23, 2016. FINAL PAYMENT/CLOSINGDATE AND TERMS FOR THE REAL ESTATE WILL BE IN ACCOR-DANCE WITH STANDARD REAL ESTATE CLOSING CONTRACT,COPY AVAILABLE BY REQUEST. FINAL PAYMENT/CLOSING DATEFOR ALL OTHER ASSETS WILL OCCUR SIMULTANEOUSLY WITHTHE CLOSING OF THE REAL ESTATE. ADDITIONALLY, IN ORDERTO BID ON THIS LOT BIDDER MUST HOLD AND PROVIDE AUC-TIONEER WITH A COPY OF AN APPROPRIATE VALID U.S. FEDER-AL FIREARMS MANUFACTURER’S LICENSE NO LATER THAN FEB-RUARY 16, 2016. CALL NOW FOR DEPOSIT INFORMATION tel:203-458-0709 *** The Bulk Bid Lot #250 will cover Lots 1 throughinclusive of Lot 205. The Bulk Bid must exceed the total of Lots1 through Lot 205 by 5%.

Please Note: There is no Buyer’s Premium being charged at this sale

INVENTORYPRIMERS - RAW MATERIAL – FIREDBRASS – POWDER – FINISHEDLOADED ROUNDS

(NOTE: ALL COUNTS APPROXI-MATE)

PRIMERSTULA PRIMERS = 5,405,000WINCHESTER PRIMERS = 5,000MAGTECH PRIMERS = 765,000CCI PRIMERS = 295,000FEDERAL PRIMERS = 200,000

BULLET COPPER PLATED = 756,000BARNES PLATED BULLETS =1,097,900

BERGER BULLETS = 166,000LEAD BULLETS = 773,800WOODLEIGH BULLETS = 49,700MISCELLANEOUS BULLETS = 920,074

FIRED BRASSFIRED BRASS PROCESSED ANDUNPROCESSED = 1,476,700

NEW RIFLE BRASSUNPRIMED – RIGBY – MAG ANDEXPRESS = 110,200

POWDERPOWDER = 4,600 LBS

FINISHED INVENTORYAPPROX. $225,000 OF FINISHEDLOADED ROUNDS

INVENTORY LIST AVAILABLE UPON REQUEST

CALL 203-458-0709

PLEASE NOTE: AS SPECIFIED INTHE ONLINE LOT CATALOG, INORDER TO BID ON CERTAINASSETS (LOT #’S) BEINGOFFERRED AT THIS AUCTION,BIDDERS MUST PROVIDE INADVANCE CERTAIN DOCU-MENTS PERTAINING TO FEDER-AL FIREARMS LICENSES ANDBIDDER’S COMPLIANCE WITHTHE FEDERAL INTERNATIONALTRAFFIC IN ARMS (ITAR) REG-ULTIONS UNDER THE ARMSEXPORT CONTROL ACT(AECA).

R E G I S T E R & B I D AT www.thomasauction.com

By Order of: Full Circle Capital Corporation, as secured lender to:

ProGrade AmmoGroup LLC,

ProGrade RE LLC andProGrade Holdings LLC

3616 Eastside Highway,Stevensville, MT 59870

SALE DATE: THURSDAY FEBRUARY 18TH ,

1:00 PM (ET)OPEN HOUSE INSPECTION: WEDNESDAY FEBRUARY 17TH ,

9 AM to 4 PM

Registration & Bidding:www.thomasauction.com

Staggered Closing Times: Lots Have 60-Second Staggered Closing Times.

Auto Extend Bidding: If a bid is submittedwith less than 3-minutes remaining, the clos-ing time for that lot will be extended by 3-minutes.

Payment Due In Full: On all Lots by Friday,February 19, 2016 unless otherwise indicat-ed.Payment Types: Certified Check or WireTransfer As-Is Where-Is: All Items Are Sold As-IsWhere-Is With All Faults With No Warranty orGuarantee of Any Kind. Auctioneer StronglyRecommends That Buyers InspectEquipment Prior To Bidding.

Removal: All items must be removed byMonday, February 29, 2016

Removal Costs: Buyers are fully responsiblefor all cost to remove their purchases.Please get removal quotes prior to biddingand bid accordingly.

DISCLAIMER:All Items Are Sold As-Is Where-Is With All Faults WithNo Warranty or Guarantee of Any Kind. AuctioneerStrongly Recommends That Buyers Inspect EquipmentPrior To Bidding.Auctioneer is not responsible for errors, omissions,additions or deletions. Items offered may not neces-sarily be sold as described and/or photographed.Please check with the auctioneer's office for addi-tions or deletions.

TECHNICAL INFORMATIONTom Gagliardi (203) 458-0709 x101

PAYMENT INFORMATION Irina Lekhmus (203) 458-0709 x108

ONSITE INFORMATION John Standish (203) 915-3430

7

THOMAS INDUSTRIES, INC2414 BOSTON POST RD.GUILFORD, CT 06437

203 458 0709 GAVEL@THOMASAUCTION.COM

ONLINE BIDDING ONLY - REGISTER & BID ATWWW.THOMASAUCTION.COM

Unprecedented Plant Closure and Online Auction of Rifle & Pistol Ammunition Manufacturing & Loading Equipment

THOMAS INDUSTRIES APPRAISAL DIVISION

Accurate appraisals supported by over56 years of conducting worldwide

auctions and liquidations.

Call (203) 458-0709 for a confidential appraisal of your assets. One piece of equipment or an entire plant.

FEATURING: (15) Mark L & Mark VLoaders (15) Dillon Loaders - LargeSelection of reloading inspection

and support equipment

Real Estate 2 ACRES - 21,000 SF INVENTORY INCLUDING: PRIMERS • RAW MATERIAL • FIRED BRASS

• POWDER • FINISHED LOADED ROUNDS

FORWARDING SERVICE REQUESTED

PRESORTED FIRSTCLASS MAILU.S. POSTAGE

PAIDPermit No. 80Milford, CT

AUCTION INFORMATION • WWW.THOMASAUCTION.COM • 203-458-0709

THOMAS INDUSTRIES 2414 Boston Post RoadGuilford, CT 06437-2310

(203) 458-0709 • (203) 458-0727 Faxhttp://www.thomasauction.com

Under Management of:

Unprecedented Plant Closure and Online Auction of Rifle & Pistol Ammunition Manufacturing & Loading Equipment By Order of: Full Circle Capital Corporation, as secured lender to:

ProGrade Ammo Group LLC, ProGrade RE LLC and ProGrade Holdings LLC3616 Eastside Highway, Stevensville, MT 59870

SALE DATE: THURSDAY FEBRUARY 18TH , 1:00 PM (ET)OPEN HOUSE INSPECTION: WEDNESDAY FEBRUARY 17TH , 9 AM to 4 PM

OVERVIEW OF AMMUNITION ASSEMBLY MFG AREA

Unprecedented Plant Closure and Online Auction of Rifle & Pistol Ammunition Manufacturing & Loading Equipment

By Order of: Full Circle Capital Corporation, as secured lender to:

ProGrade Ammo Group LLC, ProGrade RE LLC and ProGrade Holdings LLC

3616 Eastside Highway, Stevensville, MT 59870

SALE DATE: THURSDAY

FEBRUARY 18TH , 1:00 PM (ET)

OPEN HOUSE INSPECTION:WEDNESDAY

FEBRUARY 17TH , 9 AM to 4 PM