LOCATION: Clarendon, TX - go north on Hwy 70 approximately 6.4 miles to County Road K, then east one mile on CR K to the southwest corner of the property. LEGAL DESCRIPTION: Surveys #48, 53, & 54, all in Block C-3, D&P Ry Co Survey, Donley County, Texas. Complete legal description on file.

LOCATION: Twitty, TX - go east on FM 592 about 1/4 mile. This is the southwest corner of the property. Property continues east along FM 592 for about 1/4 mile. Property also has frontage along the east side of SH 83 for about 3/4 mile (See map). LEGAL DESCRIPTION: 283.88 acres +/- in the W/2 of Section 10, Block A-8, H&GN Ry. Co. Survey, Wheeler County, Texas.

LOCATION: Shamrock, TX - go west on the I-40 access road approximately 2.3 miles to FM 2474, then north on FM 2474 to CR Z, then 1/2 mile west on CR Z to the southeast corner of the property. CR Z continues for 1/2 mile along the south edge of the property. LEGAL DESCRIPTION: The SW/4 of Section 67, Block 17, H&GN Ry. Co. Survey, Wheeler County, Texas.

LOCATION: Twitty, TX - the intersection of FM 592 and SH 83 is the northeast corner of the property. LEGAL DESCRIPTION: 560 acres in Section 4, Block A-8, H&GN Ry. Co. Survey, Wheeler County, Texas. ACREAGE: TOTAL: 560 +/- DRY FARMLAND: 100 +/- ** IRRIGATED FARMLAND: 200 +/- ** GRASSLAND: 260 +/- ** **All acreages are approximate" TOPOGRAPHY: Flat to rolling terrain.

LOCATION: Twitty, TX - go east on FM 592 for one mile to CR 18. This is the southwest corner of the property. Property continues east along FM 592 for one mile, and then FM 592 turns north and continues along the east edge of the property. LEGAL DESCRIPTION: The S/2 of Section 11, Block A-8, H&GN Ry. Co. Survey, Wheeler County, Texas. ACREAGE: TOTAL: 317.

LOCATION: Shamrock, TX - go east on the I-40 access road approximately 1.7 miles to CR 18, this is the southwest corner of the property. CR 18 extends up the west side of the property, I-40 access road runs along the south edge, and CR 19 extends up the east side of the property. LEGAL DESCRIPTION: Section 59, Block 17, H&GN Ry. Co. Survey, Wheeler County, Texas. ACREAGE: TOTAL: 612.

LOCATION: Twitty, TX - go west on FM 592 for 1 mile from SH 83. This is the northeast corner of the property. LEGAL DESCRIPTION: Section 5, Block A-8, H&GN Ry. Co. Survey, Wheeler County, Texas. ACREAGE: TOTAL: 640 +/- DRY FARMLAND: 235 +/- IRRIGATED FARMLAND: GRASSLAND: 405 +/- TOPOGRAPHY: Flat to rolling terrain. The farmland has not been farmed in a couple of years.

LOCATION: Approximately 4.5 miles south of McLean, TX on Hwy 273. Property lays on the east side of the highway. LEGAL DESCRIPTION: Sections 45 & 46, and 41.13 acres in Section 56, All in Block E, D&P RR Co. Survey, and containing 1,321.13 acres, more or less, Donley County, Texas. ACREAGE: TOTAL: 1,321.

LOCATION: Memphis, TX - from Hwy 287 in Memphis, go approximately 2.6 miles east on Hwy 256 to County Road C, then follow CR C south and east for 1.25 miles to the northwest corner of the property. LEGAL DESCRIPTION: The NE/4 of Section 87, Block 18, H&GN Ry. Co. Survey, Hall County, Texas, and containing 160 acres, more or less. ACREAGE: TOTAL: 160 +/- CRP: 20.

LOCATION: 9047 Oscar Road, Claude, TX -- The Johnson Ranch is located southeast of Amarillo, Texas in Armstrong County. Access is provided by FM 1258, then one mile south on County Road 9. This is approximately a thirty-minute drive from Amarillo. Access to air service is excellent, as the north end of FM 1258 is at the Rick Husband International Airport in Amarillo.

LOCATION: Memphis, TX - go east on SH 256 approximately 4 miles to FM 3032, then south on FM 3032 about 1/2 mile, then west on County Road C for one mile to County Road 28, then about 1/2 mile south on County Road 28 to the northwest corner of the property. LEGAL DESCRIPTION: On file in office. ACREAGE: TOTAL 190+/- CRP 189.7 DRY FARMLAND GRASSLAND TOPOGRAPHY: Rolling grassland.