LEGAL DESCRIPTION:

NE/4 & SW/4 OF 11-19-36

LOCATION: From the intersection of Hwys 96 & 25 at Leoti, KS, go 2½ miles East to County Road 15, 5 miles South to County Road U, then 2 miles East to the SW corner of the SW/4. SIGNS WILL BE POSTED!

MINERAL RIGHTS: Seller will retain ½ of the mineral rights for a term of 10 years, or as long thereafter as oil, gas or other mineral production exists.

CRP INFORMATION: CRP ACRES: 316.2

?There are 316.2 acres currently enrolled in the CRP program through 9/30/2010 at $36.40 per acre for a total annual payment of $11,510.

?Buyer will receive 100% OF the 2010 CRP payment which will accrue from October 1, 2009, through September 30, 2010.

POSSESSION: Possession will be date of closing.

REAL ESTATE TAXES: Seller will pay taxes for all of 2009 and prior years. Taxes for 2010 will be the responsibility of the Buyer. (2009 taxes = $406.82)