TERMS:

CONDITIONS OF SALE: 1. Sealed bids will be received at the office of United Country – Neeley Forestry Service, Inc., 915 Pickett Street, Camden, AR 71701, until 10:00 a.m. THURSDAY, OCTOBER 20TH, 2016. At that time the bids will be privately opened. If your bid is mailed, please indicate on the outside of the envelope “BID ON SOUTH SHERIDAN LAND SALE”. Bids may be faxed to (870) 836-7432. No telephone bids will be accepted; bids must be faxed, mailed, or hand delivered. Please call to verify receipt of your bid. 2. Bids on the entirety (±237.06 acres) or Tract A should be made for a specific dollar amount - No per acre bids. If the buyer wishes to bid on tract B or C, the offer can be submitted as a PER ACRE bid. Should tract B and/or C be sold individually, the final sales price will be dependent upon a new survey provided by the Seller. 3. The owner reserves the right to accept any bid or reject all bids. 4. Bids shall remain valid through 3:00 p.m. Tuesday, October 25th, 2016. The successful Bidder shall be notified at or before this time. Upon notification of acceptance of the offer, a formal contract of sale between the Buyer and Seller shall be executed within seven business days. Earnest money in the amount of 10% of the bid amount shall be due upon execution of the sale contract. The 10% earnest money funds for parcels B & C shall be based upon the bid amount at the advertised estimated acreage. 5. The Seller shall convey title to the property via Warranty Deed. 6. Acreage is believed to be correct, but is not guaranteed. Advertised total acreage is as shown on the tax assessment, individual parcel acreage were estimated using GIS software. Survey to be provided by the Seller for parcels B & C. 7. The Seller’s interests in all rights pertaining to interests in oil, gas, and other fugacious minerals in, on, or under the property shall convey without warranty. 8. The Seller will pay for deed preparation and costs associated with title search and title commitment along with ONE-HALF (1/2) of the closing fee and revenue stamps. The Buyer shall pay for deed recording and any additional closing costs increase caused by Buyer, such as those costs associated with financing, along with ONE-HALF (1/2) of the closing fee and revenue stamps. 9. Property taxes shall be prorated to the day of closing. 10. Closing shall occur within 45 days of contract execution or within 20 days of the delivery of a survey a completed survey, whichever is later. 11. The property is being offered “As Is”. All information provided by the Seller, United Country – Neeley Forestry Service, Inc., or its agents is believed to be reliable, but is not guaranteed in any manner. Prospective Bidders/Buyers should verify themselves all information pertaining to the property to their satisfaction; including but not limited to acres, timber, and access. 12. If you have received this notice, you are considered a prospective Buyer/Bidder. Prospective Buyers/Bidders have the right to enter onto the property for the purpose of inspecting the property. Property inspections shall be conducted during daylight hours prior to the bid date. Prospective Buyers, or their agents, understand and acknowledge that while on the property, they assume all liability and shall indemnify the Seller, its agents, and property managers from and against all clams, demands, or causes of action of every kind, nature, and description relating to access to or presence on the property. 13. Any personal property items such as hunting blinds, game feeders, wildlife cameras, or other man-made items do not convey with the property unless otherwise stated.