LOCATION: From Pampa, TX - go west on Hwy 152 approximately 5 miles. Subject property lays on the south side of Hwy 152 between W Line Road and Co. Rd. DD LEGAL DESCRIPTION: The N/2 and the west 106 acres of the SW/4 of Section 186, Block 3, I&GN Survey, in Gray and Carson Counties, and containg 426 acres, more or less.

LOCATION: Located approximately 6 miles southwest of Panhandle, TX, or about 4.5 miles northwest of Conway. County Road J is on the west boundary, County Road 5 is on the south boundary, County Road K is on the east boundary, and County Road 6 is on the north boundary. LEGAL DESCRIPTION: All of Section 10, Block 3, AB&M Survey, Carson County, Texas, and containing 640 acres +/-.

LOCATION: From I-27 at the Wayside exit, go east on FM 285 approximately 12 miles to Goathead Road, then south one mile on Goathead Road to Wayside Road, then east 1/2 mile on Wayside Road to the SW corner of the property. LEGAL DESCRIPTION: The SE/4 of Section 186, Block M-9, JH Gibson Survey, Armstrong County, Texas. ACREAGE: TOTAL 157.47+/- CRP 146.

LOCATION: Claude, TX - go approximately 10 miles west of Claude on FM 1151 to County Road 5 (Fairview), then south on CR 5 for 2 miles to the northwest corner of the property. LEGAL DESCRIPTION: The N/2 and the SE/4 of Section 225, and all of Section 226, Block B-4, H&GN Ry Co Survey, Armstrong County, Texas and containing 1,120 acres, more or less. ACREAGE: 1,120 +/- CRP: 490.

LOCATION: 9047 Oscar Road, Claude, TX -- From Claude, go south on Hwy 207 approximately 8 miles to FM 1258, then 6 miles west on FM 1258 to County Road 9, then 1 mile south on CR 9 to the NW corner of the property. From Amarillo, from FM 1258 (Pullman Road) & I-40, follow FM 1258 south & east for approximately 27 miles to CR9, then 1 mile south on CR9 to the NW corner of the property.

Location From Alanreed, TX - go south on FM 291 approximately 2.3 miles to the northeast corner of the property. County Road B runs along the south side of the property. NOTE: The southeast corner of the property is on the east side of FM 291. Legal Description All of Section 22, Block E, D&P Ry. Co. Survey, Donley County, Texas.