BID DATE Before 3:00 PM on Thursday, August 27, 2015

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1 BID DATE Before 3:00 PM on Thursday, August 27, 2015 offered for sale via sealed bid village creek reserve A recreational and commercial development investment opportunity (+/-) total acres JACKSON county, Arkansas offered by Licensed in Arkansas, Louisiana, Mississippi, Tennessee, and Texas

2 DISCLOSURE STATEMENT Lile Real Estate, Inc. is the listing agency for the owner of the property described within this offering brochure. A representative of Lile Real Estate, Inc. must be present to conduct a showing. The management of Lile Real Estate, Inc. respectfully requests that interested parties contact us in advance to schedule a proper showing and do not attempt to tour or trespass the property on their own. Thank you for your cooperation. Some images shown within this offering brochure are used for representative purposes and may not have been taken on location at the subject property. This offering is subject to errors, omissions, change or withdrawal without notice. All information provided herein is intended as a general guideline and has been provided by sources deemed reliable, but the accuracy of which we cannot guarantee.

3 vicinity map subject property

4 property summary Description: Location: Access: Acreage: Mineral Rights: Recreation: Development: Offered for sale is (+/-) acres located on the east side of Arkansas Highway 67 at the junction of Arkansas Highway 18) in Newport, Arkansas. The property offers (+/-) acres in timber, which Village Creek bisects and and floods and 60.0 (+/-) acres in an old field. The property has great potential for the development of duck, deer, and small game hunting. The southwestern portion of the tract offers an excellnet opportunity for commercial development due to its highway frontage and position at an off-ramp, which leads to the Arkansas State University Campus. Access it excellent via Arkansas Highway 67 and 18. Any and all mineral rights owned by the Seller shall convey in the sale to the Buyer. The property is offered for sale for via sealed bid (Bid Date: Thursday, August 27 at 3:00 PM). Any questions concerning this offering or to schedule a property tour should be directed to Nathan Gregory (mobile: office: ) of Lile Real Estate, Inc. Newport, AR; Jackson County; Northeast Region of Arkansas Mileage Chart Batesville, Ar 30 miles Searcy, Ar 40 miles Jonesboro, Ar 45 miles Little Rock, Ar 88 miles Conway, Ar 90 miles Memphis, TN 90 miles Access is via Arkansas Highway 67 and Arkansas Highway 18 to a service road along the western edge of the property (+/-) total acres (source: Jackson County Assessor, subject to survey) Acreage Breakdown (+/-) acres (70%) in timber 60.0 (+/-) acres (30%) in old field Any/all mineral rights owned by the Seller shall convey to the Buyer. The property offers developement opportunities for duck, deer, and small game hunting. A portion of the tract offers an excellnet opportunity for commercial development due to its highway frontage and position at an off-ramp, which leads to the Arkansas State University Campus. Access it excellent via Arkansas Highway 67 and 18. Real Estate Taxes: Parcel Number Est. Acreage Est. Taxes $ $ $55.80 totals $ Bid Date: Contact: Thursday, August 27 at 3:00 PM Any questions concerning this offering or to schedule a property tour should be directed to Nathan Gregory (mobile: office: ) of Lile real Estate, Inc.

5 NOTICE OF LAND SALE BY SEALED BID We offer for sale the following tracts of land in Jackson County, Arkansas. Village Creek Reserve CONDITIONS OF SALE: 1. Sealed bids will be received at the office of Lile Real Estate, Inc. 401 Autumn Road, Little Rock, AR until 3:00 p.m. Thursday, August 27, 2015 and at that time privately opened. If your bid is mailed, please indicate on the outside of the envelope Bid on Village Creek Reserve. Bids may be faxed to , or ed to The successful bidder will be required to close within and no later than thirty five (35) days from the effective date of an executed contract. An offer form is attached. 2. Acreages are believed to be correct but are not guaranteed. 3. Seller will furnish title insurance. 4. A warranty deed will be prepared by Seller. The Seller will pay half of the documentary stamps required by law for the recordation of the deed. 5. All property taxes will be paid by the owner up to date of the sale. 6. The land will be sold to the highest bidder, however, the Seller reserves the right to refuse any or all bids, to waive any technical defect in bids, and unless otherwise specified by the seller, to accept any bid as may be in the best interest of the seller. 7. At the completion of the bidding process, a final contract will be signed by both Buyer and Seller. 9. All hunting leases will be canceled at closing, if any. 10. All Seller owned mineral rights shall transfer to the Buyer, but the Seller does not warrant or guarantee ownership of such. 11. AGENCY (LISTING AGENT FIRM REPRESENTS SELLER): Buyer and Seller acknowledge that the Listing Agent Firm is employed by the Seller. All licensees associated with the Listing Agent Firm are employed by, represent, and are responsible to the Seller. The Listing Agent makes no representation as to the condition of the property or its suitability to the Buyer s needs. The Buyer(s) are responsible for verifying information regarding this property and obtaining legal counsel if desired. 12. Any questions concerning this sale should be directed to Nathan Gregory of Lile Real Estate, Inc. by calling (501) Agency Disclosure Lile Real Estate, Inc. is the agent of the owner of the property described within this property offering. All information contained herein has been obtained from sources we believe to be reliable. However, no warranty or guarantee is made to the accuracy of the information and Lile Real Estate, Inc. is not liable to any respective bidder for accuracy of the data contained herein. The prospective bidder is encouraged to reconfirm and investigate the property and data presented.

6 Offer Form Village Creek Reserve Bid Date: Thursday, August 27, 3:00 p.m. Bidder hereby submits the following as an offer for the purchase of the lands located in Jacson County, Arkansas; as described by the sales notice. This offer will remain valid through Monday, August 31, 2015 at 3:00 p.m. If this offer is accepted the Bidder is obligated to execute an offer and acceptance contract with the Seller. Upon acceptance earnest money shall be tendered within three (3) calendar days in the amount of five thousand dollars ($5,000.00). Closing shall take place no later than thirty-five (35) days from the effective date of the executed contract. A copy of the offer and acceptance contract can be requested for review prior to the bid date. Bids will be privately opened and accepted in the form of: hand delivery, physical mail, , or fax. The information for each is as follows: Submit offer from to: Lile Real Estate, Inc. (Before 3:00 PM on Thursday, August 27, 2015) 401 Autumn Road Little Rock, AR Fax offer form to: offer form to: ngregory@lilerealestate.com Bidder: Date: Phone No.: Bid Amount: $ Fax No.: Address: Signature:

7 Aerial Map map center: 35 38' 28.44, 91 13' scale: N-2W Jackson County Arkansas 2/13/2015 Field borders provided by Farm Service Agency as of 5/21/2008. Aerial photography provided by Aerial Photography Field Office.

8 Topography Map map center: 35 38' 28.44, 91 13' N-2W Jackson County Arkansas scale: /13/2015 Field borders provided by Farm Service Agency as of 5/21/2008. Aerial photography provided by Aerial Photography Field Office.

9 notes

10 Arkansas - Corporate Office 401 Autumn Road Little Rock, AR (fax) Lile Real Estate, Inc. info@lilerealestate.com Tennessee - Regional Office 5521 Murray Avenue, Suite 110 Memphis, TN (fax) Licensed in Arkansas, Louisiana, Mississippi, Tennessee, and Texas