LOCATION: From Memphis, TX - go east on SH 256 for 4 miles to FM 3032. Then south on FM 3032 about 3/4 mile to the northeast corner of the property. LEGAL DESCRIPTION: Portions of Sections 75 & 86, both in Block 18, H&GN Ry. Co. Survey, Hall County, TX. Legal description on file.

LOCATION: Clarendon, TX - go south on Hwy 70 to Brice, then west on Hwy 256 for one mile to County Road 3. As you leave the pavement and turn north, the Property is on the west side of the road. County Road D runs along the north side of the property. LEGAL DESCRIPTION: All of Section 120 and a portion of Section 97, Texas and Pacific Railway Co. Survey, Hall County, TX.

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.