NOTICE OF LAND SALE

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Other Kingwood Locations: P.O. Box 1290 145 Greenfield Drive Monticello, AR 71657 (870)367-8567 FAX 1-870-367-8424

P.O. Box 65 No. 4 Executive Circle Arkadelphia, AR 71923 (870)246-5757 FAX 1-870-246-3341 E-mail: [email protected]

Listings: #4579 #4580 #4581

4414 Galleria Oaks P.O. Box 5887 Texarkana, TX 75505 (903)831-5200 FAX 1-903-831-9988

NOTICE OF LAND SALES THREE COLUMBIA COUNTY TRACTS Bid Date: Friday, April 21, 2017 @ 10:00 a.m.

-Timberland Investment with Recreation/Hunting Opportunities-

Kingwood Forestry Services, Inc. has been authorized to manage the sale of three (3) tracts of timberland containing 28+8+36 acres, more or less, in Columbia County, Arkansas. Bids may be submitted for any or all tracts. Please visit our website at www.kingwoodforestry.com to view maps and photographs. Location: All three (3) tracts are located about ten (10) miles east of Magnolia and are Shocklee / Crisp family lands. The tracts are further described below. These are investment properties with significant stands of mature timber. The 28-acre and 36-acre tracts were inventoried with ten percent (10%) cruises (one plot/point per acre). Sawtimber on the 8-acre tract was 100% tallied. 28-Acre Tract (#4580): East 28 acres of SW¼ of NE¼, Section 33, Township 16 South, Range 19 West, containing 28 acres, more or less, Columbia County, Arkansas (see attached maps). Access is woods road from east via gravel County Road 440. Terrain is gently rolling to rolling. Timber consists of pine plantation ready for thinning and native hardwood/pine. Site index for loblolly pine averages eighty-two (82) Feet (base age 50) on fine and very fine sandy loam soils. Based on Kingwood’s March, 2017 inventory, estimated tree counts and timber volumes are as follows: Pine Sawtimber 774 Trees 66,146 Board Feet 567 Tons Pine Chip n’ Saw 79 Trees 2,524 Board Feet 29 Tons Oak Sawtimber 112 Trees 14,360 Board Feet 106 Tons Gum & Misc. Sawtimber 135 Trees 11,114 Board Feet 93 Tons Pine Pulpwood 656 Trees ---265 Tons Hardwood Pulpwood 1322 Trees ---508 Tons 8-Acre Tract (#4581): North 8 acres of E½ of NE¼ of NE¼, Section 9, Township 17 South, Range 19 West, containing 8 acres, more or less, Columbia County, Arkansas (see attached maps). Access is gravel road along north boundary. Terrain is flat. Timber consists of native hardwood/pine sawtimber. Site index for loblolly pine averages ninety (90) Feet (base age 50) on fine and very fine sandy loam soils. Electricity is available. Small creek flows through property. Based on Kingwood’s 100% tally of sawtimber in March, 2017 tree counts and estimated timber volumes are as follows: Pine Sawtimber 39 Trees 27,121 Board Feet 151 Tons Oak Sawtimber 127 Trees 35,802 Board Feet 265 Tons Gum & Misc. Sawtimber 34 Trees 7,610 Board Feet 47 Tons Hardwood Pulpwood 467 Trees ---136 Tons 36-Acre Tract (#4579): S½ of SE¼ of NE¼; East 16 acres of S½ of SW¼ of NE¼; all located in Section 9, Township 17 South, Range 19 West, containing a total of 36 acres, more or less, Columbia County, Arkansas (see attached maps). Access is Gravel County Road 435 frontage with internal woods road. Terrain is flat to gently rolling. Timber consists of native pine and hardwood sawtimber. Site index for loblolly pine averages eighty-seven (87) Feet (base age 50) on fine sandy loam soils. Electricity is available. Small creek flows through property. Based on March, 2017 inventory, estimated tree counts and timber volumes are as follows: Pine Sawtimber Pine Chip n’ Saw Oak Sawtimber Gum & Misc. Sawtimber Pine Pulpwood Hardwood Pulpwood

884 Trees 48 Trees 577 Trees 85 Trees 522 Trees 3,133 Trees

175,829 Board Feet 2,161 Board Feet 102,706 Board Feet 13,970 Board Feet -------

1,232 Tons 24 Tons 753 Tons 101 Tons 223 Tons 856 Tons

Due to variations in cruising methods, utilization standards, and scaling practices, tree counts and volume estimates cannot be guaranteed. Volume reports in Tons and Board Feet are included. Additional timber volume reports (tree counts by species, diameter, and height) are available on our website at www.kingwoodforestry.com

— Continued on back of this page —

NOTICE OF LAND SALES -THREE COLUMBIA COUNTY TRACTSBid Date: Friday, April 21, 2017 @ 10:00 a.m. Method of Sale: These tracts will be sold on the basis of lump sum sealed bids. Bids may be submitted on one or all tracts. An offer form is attached. Bids will be opened at the Kingwood Forestry office at #4 Executive Circle, Arkadelphia, Arkansas at 10:00 a.m., Friday, April 21, 2017. Mailed offers should be addressed to Kingwood Forestry Services, Inc., P.O. Box 65, Arkadelphia, AR 71923 with “Columbia County Land Sales" clearly marked in the lower left corner of the envelope to protect security of the offer. On mailed offers, please call our office prior to bid opening to confirm receipt of offer. Offers may also be delivered by fax to 870-246-3341 or e-mailed to [email protected]. All faxed / e-mailed offers will be immediately acknowledged. Please await confirmation that your faxed / e-mailed offer has been received. No verbal telephone offers will be accepted. Anyone submitting offers are welcome to attend the bid opening. Conditions of Sale: 1. The landowner reserves the right to accept or reject any offer or to reject all offers. 2. Offers submitted will remain valid through 10:00 a.m. Tuesday, April 25, 2017. Successful bidder(s) will be notified on or before that time by telephone, fax, or e-mail. Upon acceptance of an offer, a Contract of Sale, with earnest money in the amount of ten percent (10%) of purchase price, will be executed between the successful bidder and landowner within seven (7) business days. A sample Contract of Sale may be provided in advance upon request. Terms are cash at closing. Closing is expected to be held within forty-five (45) days of offer acceptance. 3. Only offers for a specific dollar amount will be accepted. The parcels are being sold in their entirety for single sum(s) and not on a per-acre basis. Advertised acreage is believed to be correct, but is not guaranteed. Offer price is for entire tract(s), regardless of acreage. Seller will not provide surveys. The attached tract maps are thought to be accurate but should not be considered survey plats. 4. Conveyance will be by Warranty Deed, subject to all previous mineral conveyances, reservations and exceptions, to any valid rights-of-way, easements, leaseholds, and to any protective covenants or restrictions, which may have been recorded affecting the property, with title assured through seller-provided title insurance policy. No environmental inspection or representation has been or will be made by seller. Seller reserves any owned mineral rights. 5. Seller will pay prorated property taxes (to date of closing), deed preparation, and one-half (½) of deed stamps. Buyer will pay recording fees and one-half (½) of deed stamps. 6. Local title company will conduct the closing with buyer and seller each paying one-half (½) of settlement / closing fee. 7. If prospective buyers or their agents wish to inspect the property, such property inspections shall be done at reasonable times during daylight hours. Prospective buyers and their agents understand and acknowledge that while on the property, prospective buyers and their agents assume all liability and shall indemnify Seller and its agents, property managers and Kingwood Forestry Services from and against all claims, demands, or causes of action, of every kind, nature and description relating to its access to or presence on the property. Albemarle gates will be open during daylight hours. 8. Hunting equipment (such as deer stands, feeders, trail cameras, etc.) and any other man-made items found on the property do not convey unless stated otherwise. 9. Kingwood Forestry is the real estate firm acting as agent for the seller. All information presented in this prospectus is believed to be accurate. Prospective buyers are advised to verify information presented in this sale notice. 10. Questions regarding the land sale should be directed to licensed broker Pete Prutzman or licensed agents Brian Clark or Jimmy Don Thomas of Kingwood Forestry Services at 870-246-5757.

NOTICE OF LAND SALE - Listing #4579, #4580 & #4581 "28-Acre, 8-Acre, & 36-Acre Tracts" Columbia County, Arkansas

T15S-R20W

T15S-R19W

T16S-R20W

Ouachita

T16S-R19W

T15S-R18W

T16S-R18W

28-Acre

8-Acre Columbia Union 36-Acre

T17S-R20W

T17S-R19W

T18S-R20W

T17S-R18W

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T18S-R18W

Imagery ©2017 , DigitalGlobe, State of Arkansas, USDA Farm Service Agency

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28-ACRE TRACT INFORMATION

NOTICE OF LAND SALE - Listing #4580 "28-Acre Tract" EAst 28 acres of SW¼ of NE¼, Sec. 33, T17S, R19W Columbia County, Arkansas

Land Sale ±28 acres

Legend Section Line Gravel Roads

Native Hardwood/Pine ±19 acres

Creeks/Rivers

Pine Plantation 28 ±8 acres

Woods Road

27

Road/Pipeline ±1 acre

House, Occupied

Co

Corner Marker

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Oil/Gas Well

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Created: March, 2017 By: BJC

NOTICE OF LAND SALE - Listing #4580 "28 Acre Tract" Pt. SW¼ of NE¼, Sec. 33, T17S, R19W Columbia County, Arkansas

28

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# T16S-R19W Columbia

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Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors

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NOTICE OF LAND SALE - Listing #4580 "28 Acre Tract" Pt. SW¼ of NE¼, Sec. 33, T17S, R19W Columbia County, Arkansas

T16S-R19W Columbia

Open Gate

T17S-R19W Imagery ©2017 , DigitalGlobe, State of Arkansas, USDA Farm Service Agency Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors

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Date: 3/20/2017 ESRI Aerial Photography Drawn By: BJC

Kingwood Forestry Services, Inc. PO Box 65 Arkadelphia, AR 71923

Phone: Fax: Email: Website:

(870) 246-5757 (870) 246-3341 [email protected] kingwoodforestry.com

Timber Volume Estimates Stratum: Acres: Plots: Cruiser:

Cruise Date: 03/17/2017 Cruise Type: Point Plot Size/BAF: 15.00

28-Acre Tract 28 26 BClark

White oak Product Sawtimber Pulpwood Class Total

Trees 67 214 281

Stratum Total Tons 70 137 207

Doyle BF 9,244 0 9,244

BA 4.0 6.3 10.4

Trees 2 8 10

Per Acre

Tons 2.5 4.9 7.4

Doyle BF 330.1 0.0 330.1

Average Tree DBH 17.4 12.2 13.4

Height 26.7 36.6 34.3

Red oak Product Sawtimber Pulpwood Class Total

Trees 45 145 190

Stratum Total Tons 36 52 88

Doyle BF 5,116 0 5,116

BA 2.9 2.9 5.8

Trees 2 5 7

Per Acre

Tons 1.3 1.9 3.2

Doyle BF 182.7 0.0 182.7

Average Tree DBH 17.5 9.9 11.7

Height 16.8 27.5 25.0

Pine Product Sawtimber Chip-N-Saw Pulpwood Topwood Class Total

Trees 774 79 656 0 1,508

Stratum Total Tons 567 29 265 141 1,002

Doyle BF 66,146 2,524 0 0 68,670

BA 28.8 1.7 12.1 0.0 42.7

Trees 28 3 23 0 54

Per Acre

Tons 20.3 1.0 9.5 5.0 35.8

Doyle BF 2,362.4 90.1 0.0 0.0 2,452.5

Average Tree DBH 13.7 10.6 9.5 0.0 11.7

Height 36.9 29.5 49.8 0.0 42.2

Gum & Miscellaneous Product Sawtimber Pulpwood Class Total

Trees 135 963 1,098

StratumTotal

3,077

Friday, March 17, 2017

Stratum Total Tons 93 319 413

Doyle BF 11,114 0 11,114

BA 6.3 17.9 24.2

Trees 5 34 39

1,710

94,144

83.1

110

Per Acre

Tons 3.3 11.4 14.7

Doyle BF 396.9 0.0 396.9

61.1

3,362.3

Average Tree DBH 15.5 9.4 10.2

Height 23.3 31.1 30.2

11.3

36.1

ADDITIONAL TIMBER VOLUME REPORT

Kingwood Forestry Services, Inc. PO Box 65 Arkadelphia, AR 71923

Phone: Fax: Email: Website:

(870) 246-5757 (870) 246-3341 [email protected] kingwoodforestry.com

Timber Volume Estimates Stratum: Acres: Plots: Cruiser:

Cruise Date: 03/17/2017 Cruise Type: Point Plot Size/BAF: 15.00

28-Acre Tract 28 26.00 BClark

White oak Stratum Total

White Oak Spp.

Per Acre

DBH 15 16 19 20 24

Trees 26 12 16 7 5

Tons 18 9 20 9 13

17.4

67

70

DBH 10 12 13 14 17

Trees 59 62 53 30 10

Tons 23 35 39 25 15

12.2

214

137

0

White Oak Spp. Total 13.4

281

207

White oak Total

281

207

Sawtimber

Sawtimber Total Pulpwood

Pulpwood Total

13.4

Doyle BF Cu. Ft. IB 1,995 487 1,072 244 2,748 544 1,303 244 2,125 356

Average Tree

BA 1.2 0.6 1.2 0.6 0.6

Trees 1 0 1 0 0

Tons 0.7 0.3 0.7 0.3 0.5

1,876

4.0

2

2.5

Doyle BF Cu. Ft. IB 0 600 0 921 0 1,044 0 669 0 411

BA 1.2 1.7 1.7 1.2 0.6

Trees 2 2 2 1 0

Tons 0.8 1.2 1.4 0.9 0.6

3,645

6.3

8

4.9

0.0

130.2

0.00

36.6

9,244

5,521

10.4

10

7.4

330.1

197.2

1.05

34.3

9,244

5,521

10.4

10

7.4

330.1

197.2

1.05

34.3

9,244

Doyle BF Cu. Ft. IB SL CFT/Ft 71.3 17.4 0.76 38.3 8.7 0.86 98.2 19.4 1.16 46.5 8.7 1.34 75.9 12.7 1.71 330.1

67.0

Height 24.5 24.5 28.5 24.5 40.5

1.05

26.7

Doyle BF Cu. Ft. IB SL CFT/Ft 0.0 21.4 0.00 0.0 32.9 0.00 0.0 37.3 0.00 0.0 23.9 0.00 0.0 14.7 0.00

Height 33.0 33.8 40.5 38.0 50.5

Red oak Stratum Total

Red Oak Spp. Sawtimber

DBH

Friday, March 17, 2017

Trees

Tons

Doyle BF Cu. Ft. IB

Per Acre BA

Trees

Tons

Average Tree Doyle BF Cu. Ft. IB SL CFT/Ft

Page 1 of 6

Height

Timber Volume Estimates Stratum: Acres: Plots: Cruiser:

Cruise Date: 03/17/2017 Cruise Type: Point Plot Size/BAF: 15.00

28-Acre Tract 28 26.00 BClark

Red oak Stratum Total

Red Oak Spp.

Per Acre

DBH 15 16 18 40

Trees 13 12 18 2

Tons 7 7 14 9

17.5

45

36

DBH 8 9 11 12 13

Trees 46 37 24 21 18

Tons 9 9 9 12 13

9.9

145

52

0

Red Oak Spp. Total

11.7

190

88

Red oak Total

11.7

190

88

Sawtimber

Sawtimber Total Pulpwood

Pulpwood Total

Doyle BF Cu. Ft. IB 741 181 791 181 1,757 362 1,828 243

Average Tree

BA 0.6 0.6 1.2 0.6

Trees 0 0 1 0

Tons 0.2 0.2 0.5 0.3

967

2.9

2

1.3

Doyle BF Cu. Ft. IB 0 241 0 241 0 242 0 313 0 346

BA 0.6 0.6 0.6 0.6 0.6

Trees 2 1 1 1 1

Tons 0.3 0.3 0.3 0.4 0.5

1,383

2.9

5

1.9

0.0

49.4

0.00

27.5

5,116

2,350

5.8

7

3.2

182.7

83.9

1.28

25.0

5,116

2,350

5.8

7

3.2

182.7

83.9

1.28

25.0

5,116

Doyle BF Cu. Ft. IB SL CFT/Ft 26.5 6.5 0.83 28.3 6.5 0.95 62.7 12.9 1.20 65.3 8.7 5.36 182.7

34.5

Height 16.5 16.5 16.5 24.5

1.28

16.8

Doyle BF Cu. Ft. IB SL CFT/Ft 0.0 8.6 0.00 0.0 8.6 0.00 0.0 8.6 0.00 0.0 11.2 0.00 0.0 12.3 0.00

Height 24.1 24.1 24.1 34.6 39.9

Pine Stratum Total

Natural Lob Sawtimber

DBH 12 13 14 15 16 17

Friday, March 17, 2017

Trees 62 53 60 13 81 20

Tons 27 28 54 9 90 25

Doyle BF Cu. Ft. IB 2,750 766 3,104 817 5,988 1,579 1,212 258 11,828 2,649 3,560 750

Per Acre BA 1.7 1.7 2.3 0.6 4.0 1.2

Trees 2 2 2 0 3 1

Tons 1.0 1.0 1.9 0.3 3.2 0.9

Average Tree Doyle BF Cu. Ft. IB SL CFT/Ft 98.2 27.4 0.51 110.9 29.2 0.57 213.8 56.4 0.59 43.3 9.2 0.80 422.4 94.6 0.79 127.1 26.8 0.82

Page 2 of 6

Height 24.5 27.2 44.5 24.5 41.6 44.5

Timber Volume Estimates Stratum: Acres: Plots: Cruiser:

Cruise Date: 03/17/2017 Cruise Type: Point Plot Size/BAF: 15.00

28-Acre Tract 28 26.00 BClark

Pine Stratum Total

Natural Lob Sawtimber

DBH 18 19

Trees 18 8

Tons 27 9

14.6

316

270

DBH 7 8 9 10 11 13 24

Trees 60 93 73 89 24 18 5

Tons 12 27 27 39 10 14 14

9.2

362

142

DBH

Trees

Tons

0.0

0

66

0

11.7

678

477

33,816

Sawtimber Total Pulpwood

Pulpwood Total Topwood Topwood Total Natural Lob Total

Doyle BF Cu. Ft. IB 3,894 810 1,482 259

DBH 12 13 14 15 16 17 18 19

Trees 206 123 45 13 23 10 9 8

Tons 110 78 40 15 18 10 8 6

Average Tree

BA 1.2 0.6

Trees 1 0

Tons 1.0 0.3

7,889

13.3

11

9.6

Doyle BF Cu. Ft. IB 0 329 0 756 0 755 0 1,106 0 299 0 401 0 412

BA 0.6 1.2 1.2 1.7 0.6 0.6 0.6

Trees 2 3 3 3 1 1 0

Tons 0.4 1.0 0.9 1.4 0.4 0.5 0.5

4,060

6.3

13

5.1

Doyle BF Cu. Ft. IB

BA

Trees

Tons

2,111

0.0

0

2.3

0.0

75.4

0.00

0.0

14,059

19.6

24

17.0

1,207.7

502.1

0.70

41.7

33,816

0

Stratum Total

Planted Lob Sawtimber

Per Acre

Doyle BF Cu. Ft. IB 10,420 3,319 8,095 2,368 4,539 1,234 1,886 472 2,412 574 1,451 313 1,298 250 1,031 186

Doyle BF Cu. Ft. IB SL CFT/Ft 139.1 28.9 0.91 52.9 9.3 1.29 1,207.7

0.70

35.9

Doyle BF Cu. Ft. IB SL CFT/Ft 0.0 11.8 0.00 0.0 27.0 0.00 0.0 27.0 0.00 0.0 39.5 0.00 0.0 10.7 0.00 0.0 14.3 0.00 0.0 14.7 0.00

Height 39.9 47.7 49.1 48.6 37.3 55.6 64.3

0.0

0.00

46.8

Doyle BF Cu. Ft. IB SL CFT/Ft

Height

Per Acre BA 5.8 4.0 1.7 0.6 1.2 0.6 0.6 0.6

Trees 7 4 2 0 1 0 0 0

Tons 3.9 2.8 1.4 0.5 0.7 0.4 0.3 0.2

145.0

Average Tree Doyle BF Cu. Ft. IB SL CFT/Ft 372.2 118.6 0.44 289.1 84.6 0.52 162.1 44.1 0.56 67.4 16.9 0.63 86.1 20.5 0.76 51.8 11.2 0.94 46.3 8.9 1.11 36.8 6.6 1.37

Page 3 of 6 riday, March 17, 2017

281.7

Height 48.5 24.5

Height 36.5 37.1 48.5 56.5 32.5 32.5 24.5 16.5

Timber Volume Estimates Stratum: Acres: Plots: Cruiser:

Cruise Date: 03/17/2017 Cruise Type: Point Plot Size/BAF: 15.00

28-Acre Tract 28 26.00 BClark

Pine Stratum Total

Planted Lob Sawtimber Total Chip-N-Saw

438

284

DBH 10 11

Trees 30 49

Tons 8 20

10.6

79

29

DBH 7 8 9 10 11 12 13 15

Trees 60 46 37 30 49 41 18 13

Tons 11 11 16 11 24 27 14 10

9.8

294

124

DBH

Trees

Tons

0.0

0

74

0

11.7

810

510

33,656

Pulpwood Total Topwood Topwood Total Planted Lob Total

DBH 12

Trees 21

Tons 13

12.0

21

13

DBH

Trees

Tons

Sawtimber Total Topwood

Average Tree

8,716

15.0

16

10.2

Doyle BF Cu. Ft. IB 648 241 1,876 608

BA 0.6 1.2

Trees 1 2

Tons 0.3 0.7

848

1.7

3

1.0

Doyle BF Cu. Ft. IB 0 307 0 313 0 473 0 317 0 733 0 833 0 450 0 322

BA 0.6 0.6 0.6 0.6 1.2 1.2 0.6 0.6

Trees 2 2 1 1 2 1 1 0

Tons 0.4 0.4 0.6 0.4 0.9 1.0 0.5 0.4

3,748

5.8

10

4.4

Doyle BF Cu. Ft. IB

BA

Trees

Tons

2,645

0.0

0

2.6

0.0

94.5

0.00

0.0

15,958

22.5

29

18.2

1,202.0

569.9

0.51

42.6

2,524

0

Stratum Total

Shortleaf Pine Sawtimber

31,132

13.2

Chip-N-Saw Total Pulpwood

Per Acre 1,111.8

0.53

37.6

Doyle BF Cu. Ft. IB SL CFT/Ft 23.1 8.6 0.33 67.0 21.7 0.38

Height 24.5 32.5

90.1

0.37

29.5

Doyle BF Cu. Ft. IB SL CFT/Ft 0.0 11.0 0.00 0.0 11.2 0.00 0.0 16.9 0.00 0.0 11.3 0.00 0.0 26.2 0.00 0.0 29.7 0.00 0.0 16.1 0.00 0.0 11.5 0.00

Height 42.5 45.1 66.1 47.7 55.6 63.5 68.7 53.0

0.0

30.3

0.00

53.6

Doyle BF Cu. Ft. IB SL CFT/Ft

Height

133.9

Per Acre

Doyle BF Cu. Ft. IB 1,198 375

BA 0.6

Trees 1

Tons 0.5

375

0.6

1

0.5

Doyle BF Cu. Ft. IB

BA

Trees

Tons

1,198

Average Tree Doyle BF Cu. Ft. IB SL CFT/Ft 42.8 13.4 0.45 42.8

13.4

Height 40.5

0.45

40.5

Doyle BF Cu. Ft. IB SL CFT/Ft

Height

Page 4 of 6 riday, March 17, 2017

311.3

Timber Volume Estimates Stratum: Acres: Plots: Cruiser:

Cruise Date: 03/17/2017 Cruise Type: Point Plot Size/BAF: 15.00

28-Acre Tract 28 26.00 BClark

Pine Stratum Total

Shortleaf Pine

Per Acre

Average Tree

0.0

0

2

0

59

0.0

0

0.1

0.0

2.1

0.00

0.0

Shortleaf Pine Total

12.0

21

15

1,198

434

0.6

1

0.5

42.8

15.5

0.45

40.5

Pine Total

11.7

1,508

1,002

68,670

30,451

42.7

54

35.8

2,452.5

1,087.5

0.58

42.2

Topwood Total

Gum & Miscellaneous Stratum Total

Misc. Hardwood

Per Acre

DBH 14 15 16 17

Trees 15 13 35 10

Tons 6 9 24 9

15.5

73

48

DBH 7 8 9 10 11 12 13 14 15

Trees 121 231 146 30 73 62 18 60 26

Tons 16 46 36 9 31 31 12 48 23

9.5

768

253

0

Misc. Hardwood Total 10.1

841

301

5,754

Sawtimber

Sawtimber Total Pulpwood

Pulpwood Total

Friday, March 17, 2017

Doyle BF Cu. Ft. IB 686 181 995 243 2,936 669 1,138 244

Average Tree

BA 0.6 0.6 1.7 0.6

Trees 1 0 1 0

Tons 0.2 0.3 0.9 0.3

1,337

3.5

3

1.7

Doyle BF Cu. Ft. IB 0 478 0 1,383 0 1,070 0 278 0 923 0 930 0 346 0 1,441 0 693

BA 1.2 2.9 2.3 0.6 1.7 1.7 0.6 2.3 1.2

Trees 4 8 5 1 3 2 1 2 1

Tons 0.6 1.7 1.3 0.3 1.1 1.1 0.4 1.7 0.8

7,541

14.4

27

9.0

0.0

269.3

0.00

30.9

8,878

17.9

30

10.7

205.5

317.1

0.85

30.0

5,754

Doyle BF Cu. Ft. IB SL CFT/Ft 24.5 6.5 0.73 35.5 8.7 0.75 104.8 23.9 0.88 40.6 8.7 0.97 205.5

0.85

21.6

Doyle BF Cu. Ft. IB SL CFT/Ft 0.0 17.1 0.00 0.0 49.4 0.00 0.0 38.2 0.00 0.0 9.9 0.00 0.0 33.0 0.00 0.0 33.2 0.00 0.0 12.3 0.00 0.0 51.5 0.00 0.0 24.8 0.00

Height 24.1 29.4 28.1 29.4 34.6 34.6 39.9 42.5 39.9

Page 5 of 6

47.8

Height 16.5 24.5 21.8 24.5

Timber Volume Estimates Stratum: Acres: Plots: Cruiser:

Cruise Date: 03/17/2017 Cruise Type: Point Plot Size/BAF: 15.00

28-Acre Tract 28 26.00 BClark

Gum & Miscellaneous Stratum Total

Sweetgum

Per Acre

DBH 14 15 16 17

Trees 15 13 23 10

Tons 6 9 19 11

15.5

62

45

DBH 6 9 10 12 15

Trees 82 37 30 21 26

Tons 8 11 9 14 25

Pulpwood Total

9.0

195

66

0

Sweetgum Total

10.6

257

112

Gum & Miscellaneous 10.2

1,098

Stratum Total

3,077

Sawtimber

Sawtimber Total Pulpwood

11.3

Friday, March 17, 2017

Doyle BF Cu. Ft. IB 686 181 1,001 244 2,327 544 1,348 301

Average Tree

BA 0.6 0.6 1.2 0.6

Trees 1 0 1 0

Tons 0.2 0.3 0.7 0.4

1,270

2.9

2

1.6

Doyle BF Cu. Ft. IB 0 241 0 310 0 278 0 398 0 721

BA 0.6 0.6 0.6 0.6 1.2

Trees 3 1 1 1 1

Tons 0.3 0.4 0.3 0.5 0.9

1,947

3.5

7

2.4

0.0

69.5

0.00

32.1

5,361

3,217

6.3

9

4.0

191.5

114.9

0.81

30.5

413

11,114

12,095

24.2

39

14.7

396.9

432.0

0.83

30.2

1,710

94,144

50,416

83.1

110

61.1

3,362.3

1,800.6

0.64

36.1

5,361

Doyle BF Cu. Ft. IB SL CFT/Ft 24.5 6.5 0.73 35.7 8.7 0.76 83.1 19.4 0.82 48.1 10.7 0.90 191.5

0.81

25.4

Doyle BF Cu. Ft. IB SL CFT/Ft 0.0 8.6 0.00 0.0 11.1 0.00 0.0 9.9 0.00 0.0 14.2 0.00 0.0 25.7 0.00

Height 24.1 34.6 29.4 50.4 42.5

Page 6 of 6

45.4

Height 16.5 24.5 28.5 32.5

8-ACRE TRACT INFORMATION

NOTICE OF LAND SALE - Listings #4579 & #4581 "8-Acre & 36-Acre Tracts" Sec. 9 , T17S, R19W Columbia County, Arkansas 8-Acre Land Sale - Native sawtimber 36-Acre Land Sale - Native sawtimber Legend

4

Section Line

3

Gravel Roads

Open Gate

Creeks/Rivers Woods Road House, Occupied ! !

k

Powerline/Pipeline

Fence

Cable/Gate Oil/Gas Well

Columbia Rd 435

T17S-R19W Columbia

k

Old Pink Flagging

#

k #

#

Yellow

# 9

10

KFS Combo 5-7-5-7

Harpe r

Crk

(Private) Gravel

#

Pond

'

#

Red

Corner Marker

#

Columbia

Rd 36

16

0

0.125

15

0.25

Miles

/

Created: February, 2017 By: BJC

NOTICE OF LAND SALE - Listing #4579 & #4581 "8-Acre & 36-Acre Tracts" Pt. S½ of S½ of NE¼ & NE¼ of NE¼ of NE¼, Sec. 9, T17S, R19W Columbia County, Arkansas

4

3

Open Gate

#

k j

# #

k j # T17S-R19W

Columbia

#9 k j

#

10

KFS Combo 5-7-5-7

Harpe

r Crk

#

16

15

Imagery ©2017 , DigitalGlobe, State of Arkansas, USDA Farm Service Agency Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors

0

0.125

0.25

Miles

/

Date: 3/16/2017 ESRI Aerial Photography Drawn By: BJC

NOTICE OF LAND SALE - Listing #4579 & #4581 "8-Acre & 36-Acre Tracts" Pt. S½ of S½ of NE¼ & NE¼ of NE¼ of NE¼, Sec. 9, T17S, R19W Columbia County, Arkansas

Open Gate

T17S-R19W

Columbia

KFS Combo 5-7-5-7

Imagery ©2017 , DigitalGlobe, State of Arkansas, USDA Farm Service Agency Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors

0

0.125

0.25

Miles

/

Date: 3/16/2017 ESRI Aerial Photography Drawn By: BJC

Timber Volume Estimates Stratum: 8-Acre Tract Acres: Plots: 6 Cruiser: BClark

Product Pulpwood Class Total

Cruise Date: 03/14/2017 Cruise Type: Plot Plot 0.10 Size/BAF:

Gum & Miscellaneous

Trees 467 467

Stratum Total Tons 136 136

Doyle BF 0 0

BA 26.6 26.6

467

136

0

26.6

StratumTotal

Trees 58 58

Per Acre Tons 17.0 17.0

Doyle BF 0.0 0.0

Average Tree DBH 8.6 8.6

Height 29.5 29.5

58

17.0

0.0

8.6

29.5

SAWTIMBER 100% TALLY 8 Acre Tract

TRACT NAME:

LEGAL: Pt NE¼ of NE¼ of NE¼, Sec 9, T17 Columbia

COUNTY: CRUISED BY:

BJC

# ACRES:

8

STATE:

AR

100 % CRUISE DATE:

3/14/2017

PINE SAWTIMBER INCHES

1 LOG TREES

D.B.H.

#TREES

10

-

1.5 LOG TREES

2.0 LOG TREES

2.5 LOG TREES

3.0 LOG TREES

3.5 LOG TREES

4.0 LOG TREES

4.5 LOG TREES

TONS #TREES

TONS #TREES

TONS #TREES

TONS #TREES

TONS #TREES

TONS #TREES

TONS #TREES

TONS

-

-

-

-

-

-

-

-

-

-

12

-

-

-

-

-

-

14

-

-

-

-

-

-

16

-

-

-

-

18

-

-

-

-

1

1

-

20

-

-

-

-

-

-

22

-

-

-

-

-

-

1

1

-

-

1

1

1

1

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

2

-

-

-

-

2

1

-

-

1

3

2

-

-

-

-

2

4

-

2

-

-

-

-

-

-

-

-

2

6

2

7

2

8

-

-

-

-

-

-

-

-

2

8

1

4

3

14

28

-

-

-

-

-

-

-

30 32

-

-

-

-

-

-

-

TOTALS

-

-

-

-

1

1

1

1 5

5

5

-

10

4

1

6

8

29

20

-

8

34

-

Avg DBH

1

-

1

3.9 1.1

Acre Avg

18.8

-

-

2

2

-

5

9

1

-

1

2

4

4

13

6

21

5

7

31

1

4

22

-

-

9

47

1 1

7 8

-

-

2 2

11 14

15

68

39

151

2

9

24.2

Tree Avg Log Avg

-

24

TONS

-

6

26

Stand Data

TOTALS #TREES

OAK SAWTIMBER INCHES D.B.H.

1 LOG TREES #TREES

1.5 LOG TREES

TONS #TREES

2.0 LOG TREES

TONS #TREES

2.5 LOG TREES

TONS #TREES

3.0 LOG TREES

TONS #TREES

3.5 LOG TREES

TONS #TREES

4.0 LOG TREES4.5 LOG TRE

TONS #TREES

TONS #TREES

TOTALS #TREES

TONS

10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14

5

3

16

2

1

-

6

-

-

6

10

11

2

-

-

-

-

-

-

-

5

3

3

-

-

-

-

-

-

-

20

21

-

18

3

3

3

4

16

23

7

12

-

-

-

-

-

29

41

20

2

2

1

1

7

13

5

10

5

12

-

-

-

-

-

20

39 46

22

1

1

24

-

-

26

-

-

28

-

30 32

-

-

TOTALS

2

7

15

3

8

7

20

-

-

-

-

-

19

6

4

10

1

3

5

17

-

-

-

-

-

13

37

7

21

3

11

2

8

-

-

-

-

-

12

40

1

2 -

14

1 3 -

1

-

13

-

3 -

15

22

2

7

1 1

4 5

56

117

-

1 1

5 5

23

57

-

-

-

-

-

-

-

3

10

-

-

-

-

-

-

-

3 2

11 10

-

-

-

-

-

127

265

19

58

Stand Data Avg DBH 20.6 Tree Avg 2.0 Log Avg 1.0 Acre Avg 32.2

GUM & MISC. SAWTIMBER INCHES D.B.H.

1 LOG TREES #TREES

1.5 LOG TREES

TONS #TREES

2.0 LOG TREES

TONS #TREES

2.5 LOG TREES

TONS #TREES

3.0 LOG TREES

TONS #TREES

3.5 LOG TREES

TONS #TREES

4.0 LOG TREES4.5 LOG TRE

TONS #TREES

TONS #TREES

TOTALS #TREES

Stand Data

TONS

Avg DBH

10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

2

-

-

-

-

-

-

-

12

11

-

-

-

-

-

5

7

14

2

1

1

1

16

2

1

4

3

5

5

1

1

1

1

2

3

1

2

18

-

20

-

22 24

1

-

26

1 -

1

1

28

1

2

30 32

1

2

-

-

34

-

-

TOTALS

8

8

1

1 1

-

-

1

2

-

-

-

-

-

-

-

-

-

-

-

1

2

2

4

-

-

-

-

-

-

-

-

-

-

-

3

5

2

-

1 -

2

2

1

-

1

1

2

1

3

13

19

-

-

-

-

-

-

-

-

2

3

-

-

-

-

-

-

-

-

2

3

-

-

-

-

-

-

-

-

-

2

4

-

-

-

-

-

-

-

-

3

8

-

-

-

-

-

-

-

-

1

3

-

-

-

-

-

34

47

-

-

-

-

-

-

10

6

-

16

2

3

1

2

-

-

20.3

Tree Avg

1.4

Log Avg

0.8

Acre Avg

5.9

ADDITIONAL TIMBER VOLUME REPORT

Timber Volume Estimates Stratum: Acres: Plots: Cruiser:

Cruise Date: 03/14/2017 Cruise Type: Plot Plot Size/BAF: 0.10

8-Acre Tract 8 6.00 BClark

Gum & Miscellaneous Stratum Total

Misc. Hardwood

Per Acre

Doyle BF Cu. Ft. IB 0 275 0 441 0 604 0 353 0 153 0 170 0 223 0 548 0 662 0 633

DBH 6 7 8 9 10 11 12 13 14 20

Trees 107 107 107 40 13 13 13 27 27 13

Tons 9 15 20 12 5 6 7 18 22 21

8.6

467

136

0

Misc. Hardwood Total 8.6

467

136

Gum & Miscellaneous 8.6

467

Stratum Total

467

Pulpwood

Pulpwood Total

Friday, March 17, 2017

8.6

Average Tree Doyle BF Cu. Ft. IB SL CFT/Ft 0.0 34.3 0.00 0.0 55.1 0.00 0.0 75.5 0.00 0.0 44.1 0.00 0.0 19.2 0.00 0.0 21.2 0.00 0.0 27.9 0.00 0.0 68.5 0.00 0.0 82.8 0.00 0.0 79.2 0.00

BA 2.6 3.6 4.7 2.2 0.9 1.1 1.3 3.1 3.6 3.6

Trees 13 13 13 5 2 2 2 3 3 2

Tons 1.2 1.8 2.5 1.5 0.6 0.7 0.9 2.3 2.8 2.7

4,062

26.6

58

17.0

0.0

507.7

0.00

29.5

0

4,062

26.6

58

17.0

0.0

507.7

0.00

29.5

136

0

4,062

26.6

58

17.0

0.0

507.7

0.00

29.5

136

0

4,062

26.6

58

17.0

0.0

507.7

0.00

29.5

Page 1 of 1

Height 20.2 25.4 28.1 38.1 39.9 34.6 39.9 42.5 45.1 39.9

36-ACRE TRACT INFORMATION

NOTICE OF LAND SALE - Listings #4579 & #4581 "8-Acre & 36-Acre Tracts" Sec. 9 , T17S, R19W Columbia County, Arkansas 8-Acre Land Sale - Native sawtimber 36-Acre Land Sale - Native sawtimber Legend

4

Section Line

3

Gravel Roads Creeks/Rivers

Open Gate

Woods Road House, Occupied ! !

k

Powerline/Pipeline

Fence

Cable/Gate

Columbia Rd 435

Oil/Gas Well

T17S-R19W Columbia

k

Old Pink Flagging

#

k #

#

Yellow

# 9

10

KFS Combo 5-7-5-7

Harpe r

Crk

(Private) Gravel

#

Pond

'

#

Red

Corner Marker

#

Columbia

Rd 36

16

0

0.125

15

0.25 Miles

/

Created: February, 2017 By: BJC

NOTICE OF LAND SALE - Listing #4579 & #4581 "8-Acre & 36-Acre Tracts" Pt. S½ of S½ of NE¼ & NE¼ of NE¼ of NE¼, Sec. 9, T17S, R19W Columbia County, Arkansas

4

3

Open Gate

#

k j

# #

k j # T17S-R19W

Columbia

#9 k j

#

10

KFS Combo 5-7-5-7

Harpe

r Crk

#

16

15 Imagery ©2017 , DigitalGlobe, State of Arkansas, USDA Farm Service Agency Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors

0

0.125

0.25 Miles

/

Date: 3/16/2017 ESRI Aerial Photography Drawn By: BJC

NOTICE OF LAND SALE - Listing #4579 & #4581 "8-Acre & 36-Acre Tracts" Pt. S½ of S½ of NE¼ & NE¼ of NE¼ of NE¼, Sec. 9, T17S, R19W Columbia County, Arkansas

Open Gate

T17S-R19W

Columbia

KFS Combo 5-7-5-7

Imagery ©2017 , DigitalGlobe, State of Arkansas, USDA Farm Service Agency Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors

0

0.125

0.25 Miles

/

Date: 3/16/2017 ESRI Aerial Photography Drawn By: BJC

Timber Volume Estimates Stratum: Acres: Plots: Cruiser:

Cruise Date: 03/09/2017 Cruise Type: Point Plot Size/BAF: 15.00

36-Acre Tract 36 34 BClark

White oak Product Sawtimber Pulpwood Class Total

Trees 94 119 213

Stratum Total Tons 111 49 160

Doyle BF 14,938 0 14,938

BA 4.9 1.8 6.6

Trees 3 3 6

Per Acre

Tons 3.1 1.4 4.5

Doyle BF 414.9 0.0 414.9

Average Tree DBH 18.1 9.5 13.3

Height 28.8 34.0 31.7

Red oak Product Sawtimber Pulpwood

Trees 483 774

Class Total

1,256

Stratum Total Tons 642 234

Doyle BF 87,768 0

BA 26.5 9.3

Trees 13 21

876

87,768

35.7

35

Per Acre

Tons 17.8 6.5

Doyle BF 2,438.0 0.0

24.3

2,438.0

Average Tree DBH 18.8 8.6

Height 30.2 31.5

12.6

31.0

Pine Product Sawtimber Chip-N-Saw Pulpwood Topwood

Trees 884 48 522 0

Class Total

1,454

Stratum Total Tons 1,232 24 223 181

Doyle BF 175,829 2,161 0 0

BA 37.5 0.9 7.1 0.0

Trees 25 1 15 0

1,660

177,990

45.4

40

Per Acre

Tons 34.2 0.7 6.2 5.0

Doyle BF 4,884.1 60.0 0.0 0.0

46.1

4,944.2

Average Tree DBH 16.3 11.0 9.3 0.0

Height 48.8 36.5 52.0 0.0

13.6

49.5

Gum & Miscellaneous Product Sawtimber Pulpwood Class Total

Trees 85 2,240 2,325

StratumTotal

5,249

Friday, March 17, 2017

Stratum Total Tons 101 573 674

Doyle BF 13,970 0 13,970

BA 4.4 25.6 30.0

Trees 2 62 65

3,370

294,666

117.8

146

Per Acre

Tons 2.8 15.9 18.7

Doyle BF 388.0 0.0 388.0

93.6

8,185.2

Average Tree DBH 18.5 8.4 8.8

Height 30.6 29.7 29.7

11.2

35.6

ADDITIONAL TIMBER VOLUME REPORT

Timber Volume Estimates Stratum: Acres: Plots: Cruiser:

Cruise Date: 03/09/2017 Cruise Type: Point Plot Size/BAF: 15.00

36-Acre Tract 36 34.00 BClark

White oak Stratum Total

White Oak Spp.

Per Acre

Doyle BF Cu. Ft. IB 1,962 479 1,049 239 2,863 642 1,177 240 1,811 348 3,123 537 1,444 240 1,509 240

DBH 15 16 17 18 20 23 24 26

Trees 26 11 20 9 7 11 5 4

Tons 18 9 24 9 13 20 9 9

18.1

94

111

DBH 8 14 15

Trees 91 15 13

Tons 21 14 14

9.5

119

49

0

White Oak Spp. Total 13.3

213

160

White oak Total

213

160

Sawtimber

Sawtimber Total Pulpwood

Pulpwood Total

13.3

Average Tree Doyle BF Cu. Ft. IB SL CFT/Ft 54.5 13.3 0.76 29.1 6.6 0.86 79.5 17.8 0.87 32.7 6.7 1.09 50.3 9.7 1.18 86.7 14.9 1.71 40.1 6.7 1.93 41.9 6.7 2.27

BA 0.9 0.4 0.9 0.4 0.4 0.9 0.4 0.4

Trees 1 0 1 0 0 0 0 0

Tons 0.5 0.2 0.7 0.3 0.4 0.6 0.3 0.2

2,964

4.9

3

3.1

Doyle BF Cu. Ft. IB 0 557 0 372 0 374

BA 0.9 0.4 0.4

Trees 3 0 0

Tons 0.6 0.4 0.4

1,302

1.8

3

1.4

0.0

36.2

0.00

34.0

14,938

4,266

6.6

6

4.5

414.9

118.5

1.10

31.7

14,938

4,266

6.6

6

4.5

414.9

118.5

1.10

31.7

14,938

414.9

82.3

Height 24.5 24.5 36.5 24.5 40.5 28.5 24.5 24.5

1.10

28.8

Doyle BF Cu. Ft. IB SL CFT/Ft 0.0 15.5 0.00 0.0 10.3 0.00 0.0 10.4 0.00

Height 30.5 45.5 45.5

Red oak Stratum Total

Red Oak Spp. Sawtimber

DBH 15 16 17 18

Friday, March 17, 2017

Trees 39 68 60 81

Tons 22 52 62 108

Doyle BF Cu. Ft. IB 2,435 595 6,044 1,376 7,527 1,655 13,494 2,886

Per Acre BA 1.3 2.6 2.6 4.0

Trees 1 2 2 2

Tons 0.6 1.4 1.7 3.0

Average Tree Doyle BF Cu. Ft. IB SL CFT/Ft 67.6 16.5 0.80 167.9 38.2 0.87 209.1 46.0 0.92 374.8 80.2 0.97

Page 1 of 6

Height 19.2 23.2 29.8 36.9

Timber Volume Estimates Stratum: Acres: Plots: Cruiser:

Cruise Date: 03/09/2017 Cruise Type: Point Plot Size/BAF: 15.00

36-Acre Tract 36 34.00 BClark

Red oak Stratum Total

Red Oak Spp.

Per Acre

Doyle BF Cu. Ft. IB 9,833 1,951 8,766 1,658 13,119 2,414 11,306 2,014 3,118 536 5,944 997 1,811 297 2,478 403 1,894 297

DBH 19 20 21 22 23 24 25 26 27

Trees 56 44 53 42 11 15 5 4 4

Tons 73 62 91 76 20 37 11 15 11

18.8

483

642

DBH 6 7 8 9 10 11 12 14

Trees 81 238 136 36 146 72 20 45

Tons 9 41 28 14 57 33 13 39

8.6

774

234

0

Red Oak Spp. Total

12.6

1,256

876

Red oak Total

12.6

1,256

876

Sawtimber

Sawtimber Total Pulpwood

Pulpwood Total

Average Tree Doyle BF Cu. Ft. IB SL CFT/Ft 273.1 54.2 1.14 243.5 46.1 1.27 364.4 67.1 1.36 314.1 55.9 1.53 86.6 14.9 1.71 165.1 27.7 1.74 50.3 8.3 1.96 68.8 11.2 1.93 52.6 8.3 2.29

BA 3.1 2.6 3.5 3.1 0.9 1.3 0.4 0.4 0.4

Trees 2 1 1 1 0 0 0 0 0

Tons 2.0 1.7 2.5 2.1 0.6 1.0 0.3 0.4 0.3

17,082

26.5

13

17.8

Doyle BF Cu. Ft. IB 0 237 0 1,084 0 746 0 379 0 1,521 0 884 0 338 0 1,047

BA 0.4 1.8 1.3 0.4 2.2 1.3 0.4 1.3

Trees 2 7 4 1 4 2 1 1

Tons 0.2 1.1 0.8 0.4 1.6 0.9 0.4 1.1

6,237

9.3

21

6.5

0.0

173.2

0.00

31.5

87,768

23,318

35.7

35

24.3

2,438.0

647.7

1.17

31.0

87,768

23,318

35.7

35

24.3

2,438.0

647.7

1.17

31.0

87,768

2,438.0

474.5

Height 30.2 29.8 33.5 31.4 28.5 37.8 32.5 48.5 32.5

1.17

30.2

Doyle BF Cu. Ft. IB SL CFT/Ft 0.0 6.6 0.00 0.0 30.1 0.00 0.0 20.7 0.00 0.0 10.5 0.00 0.0 42.3 0.00 0.0 24.6 0.00 0.0 9.4 0.00 0.0 29.1 0.00

Height 24.1 29.4 25.9 50.4 34.6 32.9 39.9 41.6

Pine Natural Lob Friday, March 17, 2017

Stratum Total

Per Acre Page 2 of 6

Average Tree

Timber Volume Estimates Stratum: Acres: Plots: Cruiser:

Cruise Date: 03/09/2017 Cruise Type: Point Plot Size/BAF: 15.00

36-Acre Tract 36 34.00 BClark

Pine Stratum Total

Natural Lob Sawtimber

Sawtimber Total Chip-N-Saw Chip-N-Saw Total Pulpwood

DBH 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 28

Trees 142 121 104 104 68 40 81 48 44 13 54 17 5 19 22 4

Tons 96 86 91 98 96 63 130 88 87 34 143 48 16 63 83 9

16.3

884

1,232

DBH 11

Trees 48

Tons 24

11.0

48

24

DBH 7 8 9 10 11 12

Trees 59 182 72 58 120 20

Tons 12 54 30 27 73 13

Friday, March 17, 2017

Per Acre

Doyle BF Cu. Ft. IB 9,429 2,798 9,136 2,492 10,196 2,647 12,416 2,880 12,320 2,848 8,477 1,871 18,640 3,847 12,863 2,614 13,546 2,582 5,245 1,011 23,964 4,271 8,300 1,444 2,698 481 11,367 1,883 15,399 2,501 1,833 259

BA 3.1 3.1 3.1 3.5 2.6 1.8 4.0 2.6 2.6 0.9 4.0 1.3 0.4 1.8 2.2 0.4

Trees 4 3 3 3 2 1 2 1 1 0 2 0 0 1 1 0

Tons 2.7 2.4 2.5 2.7 2.7 1.8 3.6 2.4 2.4 0.9 4.0 1.3 0.4 1.7 2.3 0.2

36,426

37.5

25

34.2

Doyle BF Cu. Ft. IB 2,161 682

BA 0.9

Trees 1

Tons 0.7

682

0.9

1

0.7

Doyle BF Cu. Ft. IB 0 324 0 1,534 0 867 0 767 0 2,121 0 370

BA 0.4 1.8 0.9 0.9 2.2 0.4

Trees 2 5 2 2 3 1

Tons 0.3 1.5 0.8 0.7 2.0 0.4

175,829

2,161

Page 3 of 6

Average Tree Doyle BF Cu. Ft. IB SL CFT/Ft 261.9 77.7 0.44 253.8 69.2 0.52 283.2 73.5 0.61 344.9 80.0 0.72 342.2 79.1 0.71 235.5 52.0 0.79 517.8 106.9 0.91 357.3 72.6 0.98 376.3 71.7 1.10 145.7 28.1 1.12 665.7 118.6 1.33 230.6 40.1 1.41 75.0 13.4 1.47 315.7 52.3 1.73 427.8 69.5 1.80 50.9 7.2 2.85 4,884.1

0.85

48.8

Doyle BF Cu. Ft. IB SL CFT/Ft 60.0 18.9 0.39

Height 36.5

60.0

1,011.8

Height 45.1 39.4 41.6 38.5 59.2 58.5 52.1 55.2 53.8 68.5 59.2 61.8 64.5 58.5 64.5 24.5

18.9

0.39

36.5

Doyle BF Cu. Ft. IB SL CFT/Ft 0.0 9.0 0.00 0.0 42.6 0.00 0.0 24.1 0.00 0.0 21.3 0.00 0.0 58.9 0.00 0.0 10.3 0.00

Height 39.9 49.1 58.3 51.7 58.3 50.4

Timber Volume Estimates Stratum: Acres: Plots: Cruiser:

Cruise Date: 03/09/2017 Cruise Type: Point Plot Size/BAF: 15.00

36-Acre Tract 36 34.00 BClark

Pine Stratum Total

Natural Lob

Per Acre

Doyle BF Cu. Ft. IB 0 418

DBH 17

Trees 10

Tons 14

9.3

522

223

DBH

Trees

Tons

0.0

0

181

0

Natural Lob Total

13.6

1,454

1,660

Pine Total

13.6

1,454

1,660

Pulpwood Pulpwood Total Topwood Topwood Total

Average Tree Doyle BF Cu. Ft. IB SL CFT/Ft 0.0 11.6 0.00

BA 0.4

Trees 0

Tons 0.4

6,400

7.1

15

6.2

Doyle BF Cu. Ft. IB

BA

Trees

Tons

5,829

0.0

0

5.0

0.0

161.9

0.00

0.0

177,990

49,337

45.4

40

46.1

4,944.2

1,370.5

0.83

49.5

177,990

49,337

45.4

40

46.1

4,944.2

1,370.5

0.83

49.5

0

0.0

177.8

Height 60.9

0.00

52.0

Doyle BF Cu. Ft. IB SL CFT/Ft

Height

Gum & Miscellaneous Stratum Total

Misc. Hardwood Sawtimber

Sawtimber Total Pulpwood

DBH 16 18 19 22

Trees 11 9 8 6

Tons 6 11 9 9

18.3

34

34

DBH 6 7 8 9 10 12 13

Trees 243 594 227 180 146 61 17

Tons 21 82 47 45 58 31 13

Friday, March 17, 2017

Per Acre

Doyle BF Cu. Ft. IB 778 178 1,404 296 1,231 240 1,364 239

BA 0.4 0.4 0.4 0.4

Trees 0 0 0 0

Tons 0.2 0.3 0.2 0.2

953

1.8

1

0.9

Doyle BF Cu. Ft. IB 0 634 0 2,434 0 1,410 0 1,349 0 1,736 0 920 0 394

BA 1.3 4.4 2.2 2.2 2.2 1.3 0.4

Trees 7 17 6 5 4 2 0

Tons 0.6 2.3 1.3 1.3 1.6 0.9 0.4

4,776

Average Tree Doyle BF Cu. Ft. IB SL CFT/Ft 21.6 4.9 0.95 39.0 8.2 1.01 34.2 6.7 1.21 37.9 6.6 1.62 132.7

1.16

23.9

Doyle BF Cu. Ft. IB SL CFT/Ft 0.0 17.6 0.00 0.0 67.6 0.00 0.0 39.2 0.00 0.0 37.5 0.00 0.0 48.2 0.00 0.0 25.6 0.00 0.0 11.0 0.00

Height 20.6 25.2 31.5 29.4 43.0 34.6 50.4

Page 4 of 6

26.5

Height 16.5 32.5 24.5 24.5

Timber Volume Estimates Stratum: Acres: Plots: Cruiser:

Cruise Date: 03/09/2017 Cruise Type: Point Plot Size/BAF: 15.00

36-Acre Tract 36 34.00 BClark

Gum & Miscellaneous Stratum Total

Misc. Hardwood

Per Acre

Doyle BF Cu. Ft. IB 0 585 0 311

DBH 16 17

Trees 23 10

Tons 20 10

8.0

1,501

328

0

Misc. Hardwood Total 8.2

1,535

362

4,776

Pulpwood

Pulpwood Total

Trees 20 9 15 7

Tons 21 13 23 11

18.6

50

67

DBH 6 7 8 9 10 11 12 14 15 16 18

Trees 162 59 45 144 116 144 20 15 13 11 9

Tons 15 8 9 37 47 65 13 12 14 14 12

Pulpwood Total

9.2

740

245

0

Sweetgum Total

9.8

790

313

9,193

Sawtimber Total Pulpwood

Trees 1 0

Tons 0.5 0.3

9,773

15.4

42

9.1

0.0

271.5

0.00

28.5

10,726

17.2

43

10.0

132.7

297.9

1.16

28.4

Per Acre

DBH 17 18 20 21

Sawtimber

Friday, March 17, 2017

Doyle BF Cu. Ft. IB SL CFT/Ft 0.0 16.3 0.00 0.0 8.6 0.00

BA 0.9 0.4

Stratum Total

Sweetgum

Average Tree

Doyle BF Cu. Ft. IB 2,650 592 1,659 350 3,280 638 1,605 297

Height 32.0 34.6

Average Tree

BA 0.9 0.4 0.9 0.4

Trees 1 0 0 0

Tons 0.6 0.3 0.6 0.3

1,877

2.6

1

1.9

Doyle BF Cu. Ft. IB 0 436 0 237 0 272 0 1,090 0 1,365 0 1,900 0 391 0 341 0 399 0 418 0 344

BA 0.9 0.4 0.4 1.8 1.8 2.6 0.4 0.4 0.4 0.4 0.4

Trees 4 2 1 4 3 4 1 0 0 0 0

Tons 0.4 0.2 0.3 1.0 1.3 1.8 0.4 0.3 0.4 0.4 0.3

7,194

10.1

21

6.8

0.0

199.8

0.00

32.1

9,070

12.8

22

8.7

255.4

252.0

1.06

32.3

9,193

Doyle BF Cu. Ft. IB SL CFT/Ft 73.6 16.4 0.90 46.1 9.7 0.96 91.1 17.7 1.20 44.6 8.2 1.38 255.4

1.06

35.1

Doyle BF Cu. Ft. IB SL CFT/Ft 0.0 12.1 0.00 0.0 6.6 0.00 0.0 7.6 0.00 0.0 30.3 0.00 0.0 37.9 0.00 0.0 52.8 0.00 0.0 10.9 0.00 0.0 9.5 0.00 0.0 11.1 0.00 0.0 11.6 0.00 0.0 9.6 0.00

Height 21.5 24.1 29.4 29.4 41.2 36.4 50.4 39.9 50.4 53.0 39.9

Page 5 of 6

52.1

Height 32.5 40.5 36.5 32.5

Timber Volume Estimates Stratum: Acres: Plots: Cruiser:

Cruise Date: 03/09/2017 Cruise Type: Point Plot Size/BAF: 15.00

36-Acre Tract 36 34.00 BClark

Gum & Miscellaneous Gum & Miscellaneous 8.8

2,325

674

13,970

19,796

30.0

65

18.7

388.0

549.9

1.09

29.7

Stratum Total

5,249

3,370

294,666

96,718

117.8

146

93.6

8,185.2

2,686.6

0.93

35.6

11.2

Friday, March 17, 2017

Page 6 of 6

OFFER FORM -THREE COLUMBIA COUNTY TRACTSBid Date: Friday, April 21, 2017 @ 10:00 a.m. Send Completed Offer Forms to us: Mail: P.O. Box 65, Arkadelphia, AR 71923 Fax: 870-246-3341 Hand Deliver: #4 Executive Circle, Arkadelphia, AR 71923 E-mail: [email protected]

Reference is made to the Kingwood Forestry Services, Inc. Notice of Land Sale. I submit the following as offer for the purchase of the following tract(s) located in Columbia County, Arkansas and further described as (see attached maps and Conditions of Sale): 28-Acre Tract (Listing #4580): East 28 acres of SW¼ of NE¼, Section 33, Township 16 South, Range 19 West, containing 28 acres, more or less, Columbia County, Arkansas. 8-Acre Tract (Listing #4581): North 8 acres of E½ of NE¼ of NE¼, Section 9, Township 17 South, Range 19 West, containing 8 acres, more or less, Columbia County, Arkansas (see attached map). 36-Acre Tract (Listing #4579): S½ of SE¼ of NE¼; East 16 acres of S½ of SW¼ of NE¼; all located in Section 9, Township 17 South, Range 19 West, containing a total of 36 acres, more or less, Columbia County, Arkansas.

My offer will remain valid through 10:00 a.m., Tuesday, April 25, 2017. Successful bidder(s) will be notified at or before that time by telephone, fax, or e-mail. If my offer(s) is/are accepted, I am ready, willing, able, and obligated to execute a Contract of Sale within seven (7) business days with earnest money in the amount of ten percent (10%) of purchase price. Closing is expected to be held within forty-five (45) days of offer acceptance. I have read and understand the Method of Sale and Conditions of Sale sections in this notice. Send offer form to:

Kingwood Forestry Services, Inc. (Before 10:00 a.m., Friday, April 21, 2017) P. O. Box 65, Arkadelphia, AR 71923 or fax to 870-246-3341 E-mail completed Offer Form to [email protected]

28-Acre Tract (Listing #4580: ±28.00 acres, more or less):

$

8-Acre Tract (Listing #4581: ±8.00 acres, more or less):

$

36-Acre Tract (Listing #4579: ±36.00 acres, more or less):

$

All Tracts Combined (±72 total acres, more or less):

$

Date:

Fax No.:

Bidder:

Phone No.: Printed

Bidder:

Company: Signed

Printed

Address: Street

E-mail:

City, State, Zip