AUCTION TERMS AND CONDITIONS

National Land Realty Auction Division and Managing Broker Joel King of National Land Realty �Broker� have
contracted with the "Seller" Estate of James Bowman to offer to sell at public auction certain real property.
National Land Realty includes but is not limited to its agents, auctioneers, brokers, contractors, and employees.
These following terms, plus any additions, deletions and/or revisions announced by National Land Realty or its Auctioneer before the commencement of the auction, represent the exclusive terms for the Auction.

1. AUCTION FORMAT: This is a reserve live / online auction through National Land Realty. The decision of National
Land Realty isfinalregarding all mattersthat arise during or afterthe auction. National Land Realty reserves
the rightto preclude anyone from bidding if there is any question asto the potential Bidder/Buyers
credentials, fitness to bod or ability to perform. Bidder shall not retract any bid.

2. REGISTRATION: Auction registration will be through National Land Realty. Full description of the
registration process will be detailed in the Property Auction Packet, through its website of
nationallandrealty.com or a representative of National Land Realty.

3. AGENCY: National Land Realty is acting as an agent for the Seller. No third-party broker is acting as a sub-
agent of National Land Realty.

4. PROPERTY: The property is described in the Property Auction Packet, a copy which is available from
National Land Realty through a representative or its website of auctions.nationalland.com.

5. CONDITIONS: The property will be offered for sale and conveyed subject to all conditions, covenants,
deeds, easements, reservations, rights of way, title exceptions and matters of record. All boundary lines
noted in aerials, maps or pictures shall be considered estimates and not relied on as legal documents or
descriptions and are provided as a courtesy to bidders. Total acreage is an estimate from county tax
records unless a certified survey has been provided through the Property Auction Packet.
National Land Realty and Seller do not guarantee, represent, or warrant their accuracy or
completeness. If the property contains any buildings/structures built prior to 1978; it may
contain lead-based paint. This information will be disclosed in the Property Auction Packet, and
any disclosures will be executed with a Sales Contract.

6. POSSESSION: Possession will be delivered at closing for any property that is vacant at the time of
closing. For properties occupied at the time of closing, possession will be granted subject to the
existing lease.

7. DUE DILIGENCE: All bidders shall make an informed decision about the auction and the property before
making a bid. Bidder shall obtain professional advice and conduct any due diligence on the Property, Title
Opinion/Report (available through National Land Realty), information contained in the Property
Auction Packet, public records, Terms of Auction, Sales Contract (copy available through National Land
Realty) and all circumstances, defects, facts, issues, issues, problems, or other relevant matters.
Collectively known as property issues. All information provided by National Land Realty was
provided by the Seller and believed to be accurate, but neither National Land Realty or the Seller
guarantees represents or warrants its accuracy or completeness, and Bidder should not rely
upon it without independent inspection and verification from sources Bidder knows to be
reliable.

8. APPROVAL OF BIDS: Final sale is subject to Court approval.

9. DEPOSIT: Buyershall pay 10% ofthe auction sales price as a non-refundable deposit to the escrow Account
of Nix Title, Jonesboro, AR. Payment is due at time of execution of the purchase agreement. If for any
reason Buyer fails to timely execute the Sales Contract or pay the deposit, Seller has the sole discretion to {A}
Pursue all legal and equitable remedies against the Buyer, or {B} Declare Buyer's bid to be immediately
forfeited, null and void, without any requirement of notice and immediately re-sell the Property to another Buyer.

10. SALES CONTRACT: This is a CASH SALE and not contingent upon any matter, including Buyer obtaining
financing. Immediately upon the Seller's acceptance of a final bid, the highest bidder will execute a real
estate purchase contract (which shall be available for all registered bidders prior to Auction) with the
Seller through National Land Realty. The Terms of the Auction are incorporated into the Sales Contract
which defines the entire agreement between the Seller and Buyer. Buyer shall execute the Sales Contract
and no additions, deletions or revisions shall be permitted.

11. TITLE: A Title Opinion/Report for the property being auctioned will be available to registered bidders prior
to the auction. Prior to Closing, a Title Opinion/Report will be issued for each purchase contract on the land
being sold for the amount of the successful bidder's final purchase price. Title Insurance will be used as
evidence of marketable title with the cost of the premium to be paid by the Buyer.

12. CLOSING: The balance of the purchase price will be payable at closing by guaranteed funds or by wire
transfer at the direction of Nix Title, Jonesboro, AR the closing agent. The cost of any escrow closing
service will be split equally between the Buyer and Seller. Closing will be on or before October 11th, 2026.

13. CONVEYANCE: Unless otherwise specified, conveyance of the Property shall be made to Buyer by
Executrix Deed, in fee simple absolute.

14. PRE-AUCTION OFFERS: Offers Made Prior to Auction Day are Welcome & Encouraged
During the Marketing Period, if the Seller receives a pre-auction offer deemed
acceptable at their sole discretion, the Seller may cancel the Auction Event for that specific auction
lot.
15. GOVERNING LAW: Any Auction matter and the Sales Contract shall be governed by the laws of Arkansas.

16. DISCLAIMER: Participation in the Auction is a Bidder's sole risk and the Seller and National Land Realty
including their agents, auctioneer, contractors, and employees shall have no liability on any basis. The
Property will be offered indidvidually and it's entirety.

17. AS IS, WHERE IS condition. Seller and National Land Realty unconditionally disclaim any guarantee,
representation, or warranty of every kind, whether expressed, implied or statutory, whether oral or
written, whether past, present, or future with respect to all Property Issues, except those provided in the
Terms of Auction and the Sales Contract.

18. ANNOUNCEMENTS: The information contained herein has been obtained from the Seller and othersources deemed reliable. National Land Realty has no reason to doubt its accuracy but will not guarantee it. TheSeller and National Land Realty assume no liability for omissionsto, corrections or withdrawals o f such information. Prospective Buyershould verify all information contained herein and int the Property Auction Packet. All Prospective Buyers are urged to fully inspect the property, its condition and to rely on their own conclusions. The Property issold AS IS, WHERE IS. Any and all warranties including fitness for any particular purpose and are hereby expressly disclaimed. In no event shall Seller or National Land Realty be liable for any consequential damages. ANY ANNOUNCMENTS MADE ON AUCTION DAY BY NATIONAL LAND REALTY OR ITS AUCTIONEER, WILL TAKE PRECEDENCE OVER ANY PRIOR WRITTEN, PUBLISED, OR VERBAL INFORMATION PROVIDED OR STATED.

19. CLOSING AGENT INFO: Nix Title, 1825 Grant Ave., Jonesboro, AR 72401. 870-972-6262.
SALE IS SUBECT TO COURT APPROVAL

Estate of James Bowman LIVE AUCTION location 912 Congress Circle, Jonesboro, AR 72401 Auction Consists of Twelve (12) houses an (1) lot located in Jonesboro, AR Offers Made Prior to Auction Day are Welcome & Encouraged Purchase price subject to court approval The buyer will be REQUIRED to pay 10% down at the conclusion of this auction to be held as earnest money with Nix Title. The balance due at closing on or before October 11, 2026. Business, personal check or a wire accepted. Closing will take place at Nix Title, 1825 Grant Ave, Jonesboro, AR 72401