BIDS DUE: THURSDAY, MAY 17, 2018

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1 NOTICE OF TIMBERLAND SALE SEVIER COUNTY BID Tract 1: North 9 th Street Totaling approximately 66 acres, more or less Tract 2: Kerr Mickle Rd. Totaling approximately 100 acres, more or less Tract 3: Hwy 71 Gillham - Totaling approximately 80 acres, more or less Tract 4: Hwy 317 Totaling approximately 46 acres, more or less Tract 5: Sharp Hog Farm Pasture Totaling approximately 38 acres, more or less In all 330 acres, more or less BIDS DUE: THURSDAY, MAY 17, 2018 Davis DuBose Knight Forestry & Real Estate PLLC has been authorized to sell 5 properties totaling approximately 330 acres of timberland and pastureland located in Sevier County, Arkansas. The properties are being sold by sealed bid. The properties can be purchased individually or together. Legal Descriptions Tract 1: North 9 th Street Fractional SE ¼ of NE ¼ of Section 1, Township 8 South, Range 32 West, and All that part of the SW ¼ of NW ¼ that lies West of 9 th Street and North of Avon Road, Sevier Co., AR, 66 acres, more or less. Tract 2: Kerr Mickle Rd. The East ½ of SW ¼ of SE ¼ and the North ½ of the SE ¼ of Section 19, Township 7 South, Range 31 West, Sevier County, Arkansas, 100 acres, more or less. Tract 3: Hwy 71 Gillham N ½ of NW ¼ of Section 16, Township 7 South, Range 31 West, Sevier County, Arkansas, 80 acres, more or less. Tract 4: Hwy 317 SE ¼ of SW ¼ of Section 10, Township 10 South, Range 29 West, lying North and East of Highway 317; and N ½ of NE ¼ of NW ¼ of Section 15, Township 10 South, Range 29 West, lying North and East of Highway 317, Sevier County, Arkansas, containing in aggregate 46 acres, more or less. Tract 5: Sharp Hog Farm Pasture SE ¼ of SE ¼ of Section 31, Township 9 South, Range 29 West, Sevier County, Arkansas, LESS & EXCEPT begin at the SE corner of said SE ¼ of SE ¼ and run thence West 210 feet; thence North 210 feet; Thence East 210 feet; Thence South 210 feet to point of beginning, containing in aggregate 38 acres, more or less.

2 Tract Descriptions All 5 properties are excellent investment and recreational/hunting properties. All 5 properties have excellent access and utilities available. Tract 1: North 9 Th Street This property is located just southeast of De Queen Lake and would make a great home or cabin site. It consists of approximately 66 acres of recently clean-harvested timber which could be reforested for long-term timber investment or cleared for pasture. The terrain is rolling with great views of the surrounding landscape. Gated entrance with frontage on West 9 th Street and an interior road. Utilities are available. Tract 2: Kerr Mickle Rd. This property is located just east of De Queen Lake and south of Bellah Mine Road and would make a great home or cabin site, recreational property, long-term timber investment, or could be cleared for pastureland. The property has great access via Kerr Mickle Rd. with utilities available. It consists of approximately 67 acres of 2017 loblolly pine plantation, approximately 17 acres of 2016 loblolly pine plantation, and approximately 16 acres of hardwood stream side management zone running through the property. Tract 3: Hwy 71 Gillham This property is located just south of Gillham, AR and has ¼ mile frontage on Hwy 71. It would make a great long-term timber investment, recreational property, or possible home site. It consists of approximately 78 acres of 2008 loblolly pine plantation. Tract 4: Hwy 317 This property is located just southeast of Lockesburg, AR and has great access with frontage on Highway 317. It would make a great home place or recreational property. It consists of approximately 66 acres of recently clean-harvested timber which could be reforested for long-term timber investment or cleared for pasture. The terrain is rolling with great views of the surrounding landscape. Utilities are available. Tract 5: Sharp Hog Farm Pasture This property is located just southeast of Lockesburg, AR and has great access with ¼ mile frontage on Highway 317. It would make a great home place and/or poultry or cattle farm. It consists of approximately 30 acres of pasture, 5 acres of 2008 pine plantation, 2 acres of old hog houses, and 1-acre pond. Utilities are available. Location Descriptions Tract 1: North 9 th Street From Highway 70 in De Queen, AR turn north on North 9 th Street and travel approximately 4 miles. The property will be on the west side of the road with DDKFRE signs and pink flagging. The gate combination is Tract 2: Kerr Mickle Rd. From De Queen, AR take Highway 71 north approximately 7.5 miles; turn west on Bellah Mine Rd. and travel approximately 1.5 miles; turn south on Kerr Mickle Rd. and travel approximately 0.3 miles. The property will have DDKFRE signs and pink flagging. Tract 3: Hwy 71 Gillham From De Queen, AR take Highway 71 north approximately 8.25 miles. The property will be on the east side of the Highway with DDKFRE signs and pink flagging.

3 Tract 4: Hwy 317 From Lockesburg, AR take Highway 71 south approximately 2 miles; turn east on Highway 317 and travel approximately 6.9 miles. The property will be on the east side of the road and will have DDKFRE signs and pink flagging. Tract 5: Sharp Hog Farm Pasture - From Lockesburg, AR take Highway 71 south approximately 2 miles; turn east on Highway 317 and travel approximately 3 miles. The property will be on the north side of the road and will have DDKFRE signs and pink flagging. Google maps and/or coordinates can be requested or downloaded from our website. The properties will be marked with Davis DuBose Knight real estate signs and pink flagging tape. For additional information about these properties, please visit our website at forestryrealestate.com Davis DuBose Knight is a forestry and real estate company headquartered in Little Rock, Arkansas with offices in Monticello and Texarkana, Arkansas. For more information about our services or to view our listings visit

4 General Information Regarding Terms and Conditions of Sale 1. Bids should be faxed to (501) or ed to Bids can also be mailed to: DAVIS DUBOSE KNIGHT FORESTRY & REAL ESTATE PLLC PO BOX LITTLE ROCK, AR If mailed, mark the lower left corner of the envelope with Sevier County Bid Sale. No verbal bids will be accepted. 2. Bids will be received at the office of Davis DuBose Knight Forestry & Real Estate PLLC until 2:00 p.m. Thursday, May 17, All bids received will be considered at that time. A submitted bid may not be withdrawn after the bid opening. 3. Bids must be submitted using the enclosed form. Only bids for a specific dollar amount will be accepted; no per acre bids. Neither the seller nor his agents makes any warranty as to number of acres, timber volumes, ingress/egress, or access to utilities. Prospective buyers are advised to verify information presented in this sale notice. Questions regarding this sale should be directed to licensed broker Ray Galloway (903) Boundary lines represent what the current landowner has used as the traditional boundaries of the property and to the best of our knowledge are not under dispute with the adjacent landowners. 5. Seller is not obligated to furnish a survey. If buyer requires a survey, the cost will be the responsibility of the buyer. The attached maps should not be considered as survey plats. 6. Seller reserves the right to accept or reject any bid. The bidder will be advised if seller accepts his/her bid. The successful bidder will be obligated to execute an offer and acceptance contract, to be supplied by the seller, within 10 business days and at that time deposit 10% of the purchase price as earnest money. 7. A sample of the offer and acceptance contract can be provided in advance, upon request. This contract has produced numerous successful timberland closings and is the form the buyer should anticipate signing with minimum proposed changes. Any issues or exceptions relative to the contract should be attached and submitted with the bid form. The successful bidder will be expected to close within 30 days of bid closing. 8. Conveyance will be by special warranty deed. Seller shall furnish an owner s policy of title insurance in the amount allocated to the property. If a mortgagee s policy is required by the buyer s lender, the aggregate cost of all title policies shall be borne one half (1/2) by seller and one half (1/2) by buyer. The buyer will be responsible for customary closing costs. Cash or cashiers check is required from buyer at closing. Seller will convey 50% of any minerals owned, without warranty.

5 BID FORM: SEVIER CO. BID SALE BID DUE DATE: Thursday, May 17, 2018 BIDS RECEIVED UNTIL 2:00 PM. In reference to SEVIER COUNTY BID SALE, prepared by Davis DuBose Knight Forestry & Real Estate PLLC, I submit the following bid for the purchase of the following tract(s): Tract 1: North 9 th Street 66 acres, more or less Tract 2: Kerr Mickle Rd. 100 acres, more or less Tract 3: Hwy 71 Gillham 80 acres, more or less Tract 4: Hwy acres, more or less Tract 5: Sharp Hog Farm Pasture 38 acres, more or less All tracts combined: 330 acres, more or less My bid is valid through 5:00 p.m. on the second business day following the bid opening. If my bid is accepted, I am willing to execute an Offer and Acceptance contract with earnest money in the amount of 10% of the purchase price within ten (10) business days after Seller s acceptance. BIDDER NAME/COMPANY: ADDRESS: CITY: STATE: ZIP: PHONE #: FAX #: ADDRESS: BIDDER S SIGNATURE: Date: The Seller and his agent make no guarantee as to timber volumes and/or total acreage, timber stand information, ingress/egress agreements, location of boundary lines, and utilities. It is suggested that Buyers make their own estimates on acreage, timber volumes, access, boundary lines, and utilities. Bids should be faxed to (501) or ed to awatson@davisforestry.com. Bids can also be mailed to: DAVIS DUBOSE KNIGHT FORESTRY & REAL ESTATE, PO BOX 24633, LITTLE ROCK, AR Please indicate in the lower left corner of the envelope SEVIER COUNTY BID SALE. Bids must be received prior to 2:00 PM, Thursday, May 17, Receipt of fax will be acknowledged by return phone or fax confirmation.

6 Location Map Grannis Gillham Tract 3: Hwy Tract 2: Kerr Mickle Tract 1: North 9th Dierks Dierks 70 UV 70 De Queen UV329 UV 24 UV 41 UV 26 Lockesburg UV Horatio Tract 5: Sharp Hog Farm UV 380 UV 317 Tract 4: Hwy. 317 UV 234 Winthrop UV 234 Ben Lomond UV Miles ± Phone: Thism apandalinform ationitcontainsisprov ided ASIS, asacou rtesy topotential bu y ers.potentialbu y ersshou ldm aketheirowndeterm inationregardingtheaccu racy oftheinform ationprov ided.neithertheseler,davisdu BoseKnightForestry & RealEstate PLLC(DDKFRE),theirsu bsidiaries,afiliatesnorrepresentativ eswarant theaccuracy,adequacy orcom pletenessofany inform ationcontainedhereinregarding theproperty,itscondition,bou ndaries,access,acreage,ortim berstandinform ation. DDKFREexpressly disclaim sliability forerorsorom issions.

7 County Road 213 Tract 1: North 9th Street Sevier County, 66 acres, more or less T 8 S R 32 W Sec. 1 Timber Harvested Since Photo T 8 S Sec. 6 9th Avon Source: Esri, DigitalGlobe, GeoEye, Earthstar Geographics, CNES/Airbus DS, USDA, USGS, AEX, Getmapping, Aerogrid, IGN, IGP, swisstopo, and the GIS User Community Tract 2: Kerr Mickle Rd. Sevier County, 100 acres, more or less Timber Harvested Since Photo Sec. 19 Kerr Mickle Country Hills Sec. 20 Cotton Tail Kirk De Paer Miles ± Phone: Sec. 30 Source: Esri, DigitalGlobe, GeoEye, Earthstar Geographics, CNES/Airbus DS, USDA, USGS, AEX, Getmapping, Aerogrid, IGN, R 31 IGP, W swisstopo, and the GIS User Community Sec. 29 Thism apandalinform ationitcontainsisprovided ASIS, asacourtesy topotential bu y ers.potentialbu y ersshou ldm aketheirowndeterm inationregardingtheaccu racy oftheinform ationprovided.neithertheseler,dav isduboseknightforestry & RealEstate PLLC(DDKFRE),theirsu bsidiaries,afiliatesnorrepresentativ eswarant theaccuracy,adequ acy orcom pletenessofany inform ationcontainedhereinregarding theproperty,itscondition,boundaries,access,acreage,ortim berstandinform ation. DDKFREexpressly disclaim sliability forerorsorom issions.

8 Tract 3: Hwy 71 Gillham Sevier County, 80 acres, more or less College Front East Hornberg Oak 2nd Maple Pine Gillham Sec. 8 Cooper Sec. 9 1st Wax Heiman United States Highway 71 Sec. 17 County Road 243 Sec Tucker ± Phone: Source: Esri, DigitalGlobe, GeoEye, Earthstar Geographics, CNES/Airbus DS, USDA, USGS, AEX, Getmapping, Aerogrid, IGN, IGP, swisstopo, and the GIS User Community Bunny Hop Thism apandalinform ationitcontainsisprovided ASIS, asacourtesy topotential bu y ers.potentialbu y ersshou ldm aketheirowndeterm inationregardingtheaccu racy oftheinform ationprovided.neithertheseler,dav isduboseknightforestry & RealEstate PLLC(DDKFRE),theirsu bsidiaries,afiliatesnorrepresentativeswarant theaccuracy,adequacy orcom pletenessofany inform ationcontainedhereinregarding theproperty,itscondition,boundaries,access,acreage,ortim berstandinform ation. DDKFREexpressly disclaim sliability forerorsorom issions.

9 Tract 4: Hwy 317 Sevier County, 46 acres, more or less Sec. 9 Sec. 10 Sec. 11 State Highway 317 UV 317 Sec. 16 Sec. 15 Sec. 14 Dellinger Source: Esri, DigitalGlobe, GeoEye, Earthstar Geographics, CNES/Airbus DS, USDA, USGS, AEX, Getmapping, Aerogrid, IGN, IGP, swisstopo, and the GIS User Community Tract 5: Sharp Hog Farm Sevier County, 38 acres, more or less Martz Red Colony T 9 S R 30 W Sec. 36 T 9 S Sec. 31 State Highway 317 County Road 302 UV 317 T 9 S Sec. 32 R 30 W Sec Miles ± Phone: Sec. 6 Sharp Sharp Loop Sec. 5 Source: Esri, DigitalGlobe, GeoEye, Earthstar Geographics, CNES/Airbus DS, USDA, USGS, AEX, Getmapping, Aerogrid, IGN, IGP, swisstopo, and the GIS User Community Thism apandalinform ationitcontainsisprov ided ASIS, asacou rtesy topotential bu y ers.potentialbu y ersshou ldm aketheirowndeterm inationregardingtheaccu racy oftheinform ationprov ided.neithertheseler,davisdu BoseKnightForestry & RealEstate PLLC(DDKFRE),theirsu bsidiaries,afiliatesnorrepresentativ eswarant theaccuracy,adequacy orcom pletenessofany inform ationcontainedhereinregarding theproperty,itscondition,bou ndaries,access,acreage,ortim berstandinform ation. DDKFREexpressly disclaim sliability forerorsorom issions.