PO Box 24633 | Little Rock, Arkansas 72221 | 501-219-8600 | awatson@davisforestry.com

NOTICE OF LAND & TIMBER SALE BY SEALED BID IN NEVADA COUNTY, AR

Nevada County Poison Springs – 100 acres, more or less

BIDS DUE: Tuesday, September 17th, 2019 by 2:00pm

Davis DuBose Knight Forestry & Real Estate LLC has been authorized to sell approximately 100 acres of timberland located just south of Bluff City, Arkansas in Nevada County. Bidders may bid separately for Timber Only, Land Only, OR Land and Timber combined.

Tract Description

The property consists of 100 acres of rolling topography. Good access via the existing logging road. Loggability is good with sandy to clay soils. The timber on the property consists of mature pine plantation that is ready for immediate harvest. The property shares common boundaries with Poison Springs WMA!

Directions to the Property

Travel South from Bluff City on Highway 387 approximately 3 miles, turn right onto John Schaffner Rd. and travel 1 mile south, turn right onto Nevada 423, then left on Joey Pittman Rd. Travel approximately 2 miles and then follow the pink flagging down the existing woods road into the property.

Maps and/or coordinates can be requested or downloaded from our website.

Legal Description

SW ¼ NW ¼; NW ¼ SW ¼; N ½ SE ¼ NW ¼; Section 1, Township 13 South, Range 20 West, Nevada County, Arkansas.

PO Box 24633 | Little Rock, Arkansas 72221 | 501-219-8600 | awatson@davisforestry.com

Estimated Timber Volumes

Poison Springs 100

Product Tons Tons/Acre Pine Pulpwood 2,218 22.18 Pine Sawtimber 8,712 87.12

Misc. Hardwood Sawtimber 33 0.33 Hardwood Pulpwood 480 4.80

Total 11,443 114.43

Table 2. Total trees by diameter and log ht for Pine Sawtimber. DBH 1 Log- 1.5 Log 2 Log 2.5 Log 3 Log Total

10 520 240 280 0 0 1,040 12 740 440 780 600 0 2,560 14 920 440 760 760 100 2,980 16 540 520 540 460 40 2,100 18 140 100 240 60 20 560 20 80 80 80 0 0 240 22 0 0 0 0 0 0 24 0 20 0 0 0 20

Total 2,940 1840 2,680 1,880 160 9,500

Table 3. Total volume by diameter and log ht. for Pine Sawtimber (Tons). DBH 1 Log- 1.5 Log 2 Log 2.5 Log 3 Log Total

10 184 105 143 0 0 432 12 353 278 578 503 0 1,712 14 590 379 771 875 127 2,742 16 446 586 718 697 67 2,513 18 142 143 405 116 43 849 20 106 141 167 0 0 414 22 0 0 0 0 0 0 24 0 51 0 0 0 51

Total 1,820 1,682 2,782 2,190 237 8,712

The information provided herein is supplied as a courtesy to potential buyers and is in no way warranted or guaranteed. Neither the seller, Davis DuBose Knight Forestry & Real Estate LLC (DDKFRE), their subsidiaries, affiliates nor representatives warrant the accuracy or completeness of the information contained herein. No representations or warranties are expressed or implied as to the property, its condition, boundaries, access, or acreage. Specifically, no representations are expressed or implied with respect to timber volume, quality, marketability, value projections, net present value modeling, or timber stand information. Due to the variances and accuracy levels inherent in sampling techniques, any volumes or values stated are intended to be only estimates and are expressly declared by DDKFRE not to be precise statements of expected outcomes. Therefore, any volumes or values stated may or may not be the volumes or values actually obtained. Potential buyers should make their own determination of volumes and values.

PO Box 24633 | Little Rock, Arkansas 72221 | 501-219-8600 | awatson@davisforestry.com

General Information Regarding Terms and Conditions of Sale

1. Bids should be emailed to awatson@davisforestry.com or faxed to (501) 219-8600. Bids can be submitted online through our website at forestryrealestate.com. Bids can also be mailed to:

DAVIS DUBOSE KNIGHT FORESTRY & REAL ESTATE LLC PO BOX 24633 LITTLE ROCK, AR 72221

If mailed, mark the lower left corner of the envelope with “Poison Springs.” No verbal bids will be accepted.

2. Bids will be received at the office of Davis DuBose Knight Forestry & Real Estate LLC until 2:00 p.m. Tuesday, September 17th, 2019. All bids received will be considered at that time. A submitted bid may not be withdrawn after the bid opening.

3. Bids must be submitted using the enclosed form. Only bids for a specific dollar amount will be accepted; no per acre bids. Neither the seller nor his agents makes any warranty as to number of acres, timber volumes, ingress/egress, or access to utilities. Prospective buyers are advised to verify information presented in this sale notice. Questions regarding this sale should be directed to licensed broker Ray Galloway 903-824-7692.

4. Boundary lines represent what the current landowner has used as the traditional boundaries of the property and to the best of our knowledge are not under dispute with the adjacent landowners.

5. Seller is not obligated to furnish a survey. If buyer requires a survey, the cost will be the responsibility of the buyer. The attached maps should not be considered as survey plats.

6. Seller reserves the right to accept or reject any bid. The bidder will be advised if seller accepts his/her bid. The successful bidder will be obligated to execute an offer and acceptance contract, to be supplied by the seller, within 10 business days and at that time deposit 10% of the purchase price as earnest money.

7. A sample of the offer and acceptance contract can be provided in advance, upon request. This contract has produced numerous successful timberland closings and is the form the buyer should anticipate signing with minimum proposed changes. Any issues or exceptions relative to the contract should be attached and submitted with the bid form. One or more owners of any entity acting as Seller hold a valid Arkansas Real Estate License. The successful bidder will be expected to close within 30 days of bid closing.

8. Conveyance will be by special warranty deed. Seller shall furnish an owner’s policy of title insurance in the amount allocated to the property. If a mortgagee’s policy is required by the buyer’s lender, the aggregate cost of all title policies shall be borne one half (1/2) by seller and one half (1/2) by buyer. The buyer will be responsible for customary closing costs. Cash or cashiers check is required from buyer at closing. No Mineral Rights will convey.

Davis DuBose Knight is a forestry and real estate company headquartered in Little Rock, Arkansas with offices in Monticello and Texarkana. For more information about our services or to view our listings visit www.forestryrealestate.com

PO Box 24633 | Little Rock, Arkansas 72221 | 501-219-8600 | awatson@davisforestry.com

BID FORM: NEVADA COUNTY POISON SPRINGS 100 BID SALE

BID DUE DATE: TUESDAY, SEPTEMBER 17, 2019 BIDS RECEIVED UNTIL 2:00 PM.

In reference to “Poison Springs 100 Bid Sale” prepared by Davis DuBose Knight Forestry & Real Estate LLC, I submit the following bid for the purchase of the following tract(s): Poison Springs - 100 acres, more or less Option 1: TIMBER ONLY (2-year Timber Deed) Bid Amount:___________________________________ Option 2: LAND ONLY (Subject to a 2-year Timber Deed) Bid Amount:___________________________________ Option 3: LAND & TIMBER Combined Bid Amount:___________________________________ My bid is valid through 5:00 p.m. on the second business day following the bid opening. If my bid is accepted, I am willing to execute an Offer and Acceptance contract with earnest money in the amount of 10% of the purchase price within ten (10) business days after Seller’s acceptance. BIDDER NAME/COMPANY: ADDRESS: CITY: STATE: ZIP: PHONE #: FAX #: EMAIL ADDRESS: BIDDER’S SIGNATURE: Date: The Seller and his agent make no guarantee as to timber volumes and/or total acreage, timber stand information, ingress/egress agreements, location of boundary lines, and utilities. It is suggested that Buyers make their own estimates on acreage, timber volumes, access, boundary lines, and utilities. Bids should be emailed to awatson@davisforestry.com or can be faxed to (501) 219-8600 and must be received prior to 2:00 PM, Tuesday, September 17, 2019. Receipt of fax will be acknowledged by return phone or fax confirmation. Bids may also be mailed to: DAVIS DUBOSE KNIGHT FORESTRY & REAL ESTATE LLC, PO BOX 24633, LITTLE ROCK, AR 72221. Please indicate in the lower left corner of the envelope POISON SPRINGS 100 BID SALE.

Chidester

Rosston

Cale

Bluff City

Willisville

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State Highway 200

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Columbia Rd 64

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Ouachita Road 1

Pleasant Hill

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Ouachita Road 178

County Road 443

Berry

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County Road 287

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Nevada County Poison Springs 100

www.forestryrealestate.comPhone: 1-888-695-8733

This m ap and all inform ation it contains is provided “AS IS,” as a courtesy to potential bu y ers. Potential bu y ers should m ake their own determ ination regarding the accuracy of the inform ation provided. Neither the seller, Davis DuBose Knight Forestry & Real Estate LLC (DDKFRE), their subsidiaries, affiliates nor representatives warrant the accuracy, adequacy or com pleteness of any inform ation contained herein regarding the property, its condition, boundaries, access, acreage, or tim ber stand inform ation. DDKFRE expressly disclaim s liability for errors or om issions.

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Nevada County, AR

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Copyright:© 2013 National Geographic Society, i-cubed

Nevada County Poison Springs 100

www.forestryrealestate.comPhone: 1-888-695-8733

This m ap and all inform ation it contains is provided “AS IS,” as a courtesy to potential bu y ers. Potential bu y ers should m ake their own determ ination regarding the accuracy of the inform ation provided. Neither the seller, Davis DuBose Knight Forestry & Real Estate LLC (DDKFRE), their subsidiaries, affiliates nor representatives warrant the accuracy, adequacy or com pleteness of any inform ation contained herein regarding the property, its condition, boundaries, access, acreage, or tim ber stand inform ation. DDKFRE expressly disclaim s liability for errors or om issions.

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T 13 SR 20 WSec. 2

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Source: Esri, DigitalGlobe, GeoEye, Earthstar Geographics, CNES/Airbus DS,USDA, USGS, AeroGRID, IGN, and the GIS User Community

Nevada County, AR

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LegendPoison Springs Boundary