LOCATION: 670.77 acres is located on FM 2473 approximately 4 miles west of Wheeler, TX. 160 acres is located on CR 3 approximately 2 miles west of Mobeetie and 1.5 miles south of Hwy 152. TOPOGRAPHY: Flat to rolling open grassland with tree-lined draws. IMPROVEMENTS: Perimeter fencing. WATER: Solar well and windmill water.

LOCATION: SE of Amarillo, TX - from the intersection of FM 1258 (Pullman Road) and FM 1151 (Claude Hwy), go East on FM 1151 for 5 miles to Armstrong Co. Rd. 1, then 3 miles south on Co. Rd. 1 to the entrance of the property. LEGAL DESCRIPTION: 363.51 acres, more or less, in Section 221, Block B-4, H&GN Survey, Armstrong County, Texas. A survey is on file.

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.