Real Estate Proposal

www.HendersonAuctions.com Henderson Auctions Real Estate Guide

Of Auctions 66

Mandeville, LA 92.37 +/- Acres Commercial Property Sold...$9,000,000

LOUISIANA AUCTIONEERS ASSN., INC.

LAA

Types of Auctions Henderson Auctions | Real Estate Auctions

Real estate auctions often experience unfounded negative images in the marketplace. The majority of auctions today don’t result from foreclosure of distressed properties, but rather are the result of a seller choosing a cost-effective, accelerated method to sell a property. Auction allows the seller to eliminate virtually all long-term carrying costs, passing the savings directly to the purchaser in the form of a reduced price. The result is a win-win situation: sellers obtain immediate cash and buyers purchase properties at fair market value, the price determined by open, competitive bidding. Henderson Auctions offers two different types of Real Estate Auctions Absolute Auction: The property is sold to the highest bidder, regardless of the price. Since a sale is guaranteed, buyer excitement and participation are heightened. Generates maximum response from the market place. Many sellers, including financial institutions and government agencies have begun to use this method more frequently. Subject to Seller Confirmation: In this scenario, the high bid is reduced, in effect to an offer not a sale. A minimum bid is not published, and the seller reserves the right to accept or reject the highest bid within a specified time -- anywhere from immediately following the auction up to 72 hours after the auction concludes. Sellers predetermine the price at which the property will be sold and are not obligated to confirm a sale other than at a price that is entirely acceptable to them. The main disadvantage of a Reserve Auction is that prospective buyers may not invest the time and expense of due diligence when there is no certainty they will be able to buy the property even if they are the highest bidder.

6.1+/- Commercial Property Auction Opelousas, LA Sold...$302,500.00

Of Auctions 66

13340 Florida Blvd., Livingston, LA 70754 • LA lic# 1160-21 • 225.686.2252

Why Auctions? Henderson Auctions | Real Estate Auctions

While traditional asset listings place a limit on the maximum attainable sales price by setting a price ceiling (asking price), auctions eliminate price ceilings and realize maximum selling prices by creating an upward bid swing with the sky as the limit. Since its beginning in 1957 Henderson Auctions has conducted thousands of auctions featuring a vast array of assets ranging from automobiles and aircraft to real estate and construction equipment. When our company is retained to conduct an auction, our clients find comfort in knowing that we take care of everything involved in the sale from creating marketing campaigns, to providing professional auction day staff and collection of funds. We truly are a full-service auction company.

BENEFITS TO THE SELLER: • Buyers come prepared to buy • Quick disposal reduces long-term carrying costs, including taxes & maintenance • Assurance that property will be sold at true market value • Exposes the property to a large number of pre-qualified prospects Accelerates the sale • Creates competition among buyers—auction price can exceed the price of a negotiated sale • Requires potential buyers to pre-qualify for financing • The seller knows exactly when the property will sell • Eliminates numerous and unscheduled showings • Takes the seller out of the negotiation process • Ensures an aggressive marketing program that increases interest and visibility

BENEFITS TO THE BUYER: • Smart investments are made as properties are usually purchased at fair market value through competitive bidding • The buyer knows the seller is committed to sell • In multi-property auctions the buyer sees many offerings in the same place at the same time • Buyers determine the purchase price • Auctions eliminate long negotiation periods • Auctions reduce time to purchase property • Purchasing and closing dates are known • Buyers know they are competing fairly and on the same terms as all other buyers • Buyers receive comprehensive information on property via due diligence packet BENEFITS TO THE REALTOR: • Generates a list of ready, qualified buyers • Offers clients and customers new selling and purchasing options • Increases revenue and market share • Develops your own market niche • Assurance that property will be sold at true market value • Property is sold within a relatively short period of time • Exposes the property to many potential purchasers • Auctions bring people in to look at all your listings, not just the auction listing • Successful auctions result in referrals and return business • Agents can earn commissions as referring agent/broker, cooperating agent/broker, or as the listing agent/broker

14.73+/- Acres Farm Auction Kaplan, LA Sold...$52,250.00

Of Auctions 66

13340 Florida Blvd., Livingston, LA 70754 • LA lic# 1160-21 • 225.686.2252

How the process works: Henderson Auctions | Real Estate Auctions

Consult: We meet with you and listen to all of your needs. We have one simple objective: to design an auc tion solution that minimizes stress and gives you the highest net yields for your property. Initial Auction Preparations: • Send notice to MLS stating that the property will be sold at public auction • Provide a fact sheet on the property • Perform market analysis • Drone video and photography • Install signage and obtain keys • Hold open houses for inspection. This is limited to a (2) dates per auction • Assist bidders with pre-qualification process • Auction services: live auction or online only auction platform • In-House Advertising Firm • National and Global Marketing Campaigns - Strategic marketing for your unique property

• Search Engine Optimization (SEO) • Lead generation and management • Proprietary buyer database of buyers • Trade Publications • Real Estate Websites (CoStar/Loopnet, LDCRE.com, Land.com, etc...)

• Social Media and LinkedIn ads • Google Ad Words Campaign • Geotargeting and Geofencing Campaigns

• Newspaper Ads • Billboard Sign

Auction Day/Closing: • Notice of Award or Counter Offer Letter

• Purchase Agreement: • Closing (30-45 days) Listing Agent/Broker:

A listing agent/broker is an agent of the seller (or provided by our auction firm) who markets the seller’s property and represents the seller during the sale and at the closing. In a sale by auction, the listing agent/broker manages many traditional real estate functions and shares the commis sion based on the amount of involvement and the relationship defined by the parties involved.

Of Auctions 66

13340 Florida Blvd., Livingston, LA 70754 • LA lic# 1160-21 • 225.686.2252

PreBidding is open on this property now. After you have paid your auction participation deposit you may place prebids for the properties. On the day of the live auction the bidding screen will change. How to Participate in the Auction

1) Go to www.HendersonAuctions.com to start the registration process. 2) Click on the auction you would like to register and bid on (There are two different registrations one for the farm equipment and a second for the land auctions). 3) Look for the “Registration Tab” and find the “Create Account” tab at the top of the page. You will need a valid email that you can access for this process. 4) After you have created your account, you will need to activate your participation in the auction. Click on “participate in this event”, and follow the steps for approval. You must have a valid credit card for the approval. We do not charge your card at this time for any deposits needed to participate.

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Notice of Award | hendersonauctions.com

Notice of Award | Lot# 1 3103 Highland Ave Shreveport, LA 71105 Congratulations Mr........ Hammer Price: $112,500.00 plus 10% Buyer’s Premium $11,250.00 Total Contract Price: $123,750.00 Jackson Wheless will call you to complete the purchase agreement. Real Estate Broker Contact Information: Sealy Real Estate Services LLC Jackson Wheless 333 Texas Street, Shreveport, LA 71101 318-222-8700 [Office] 318-344-7384 [Cell] 318-222-4124 [Fax] *Time sensitive sections of the terms signed are highlighted below.

*Wiring Instructions for the $6,187.50 EARNEST MONEY DEPOSIT are attached & due in 48 hours. * The $1,000 AUCTION PARTICIPATION DEPOSIT was just a hold on your card and will be deposited back in 48 hours. 4- EARNEST MONEY DEPOSIT: An earnest money deposit equal to five (5%) of the contract price is due and payable within 48 hours of notice of award. All earnest money deposits will be deposited in Henderson Auction’s non-interest bearing escrow account. The 5% earnest money is due within 48 hours after the notice of award and is payable by wire transfer, money order or cashier’s check. This deposit will be deducted from the buyer’s settlement total at closing. The 5% deposit is forfeited if the buyer fails to close on the property. 5- PURCHASE AGREEMENT: A purchase agreement is due within 48 hours of notice of award to the high bid der(s). If the buyer fails to sign a purchase agreement or provide the earnest money deposit within 48 hours of notice of award the auction participation deposit if forfeited.

13340 Florida Blvd. Livingston, LA 70754 Liquidations | Estates | Construction +1-800-850-2252 | +1-225-686-2252 Auctioneer: J. Henderson La Lic# 1160

SAMPLE - General Real Estate Auction Terms: 1- The terms and conditions of the auction sale and purchase of any property shall be governed by the Contract for Sale of Real Estate, herein called Purchase Agreement. The high bidder(s) will be required to sign a Purchase Agreement in accordance with paragraphs three, four and five. 2- FEES: Buyer will pay all closing cost and associated fees. 3- NOTICE OF AWARD: This property is selling subject to owner confirmation. The high bidder(s) will be notified within 72 hours whether the bid has been accepted by the seller. 4- EARNEST MONEY DEPOSIT: An earnest money deposit equal to five (5%) of the contract price is due and payable within 48 hours of notice of award. All earnest money deposits will be deposited in Henderson Auction’s non-interest bearing escrow account. The 5% earnest money is due within 48 hours after the notice of award and is payable by wire transfer, money order or cashier’s check. This deposit will be deducted from the buyer’s settlement total at closing. The 5% deposit is forfeited if the buyer fails to close on the property. 5- PURCHASE AGREEMENT: A purchase agreement is due within 48 hours of notice of award to the high bidder(s). If the buyer fails to sign a purchase agreement or provide the earnest money deposit within 48 hours of notice of award the auction participation deposit if forfeited. 6- VIEWING/INSPECTION: The buyer is responsible to complete inspections/viewing prior to the close of the auction. 7- “AS IS, WHERE IS”: The buyer is purchasing this property “as is, where is” with no warranties expressed or implied for habitation or development. This sale is not contingent on financing. 8- POSSESSION: Possession of the property will be at closing. 9- SURVEY/PROPERTY MAPS/TAXES: Seller will provide a title abstract and any available maps or surveys as available. Seller does not guarantee current surveys. If a current survey is required, it must be acquired by the buyer. All closing costs are paid by the buyer. Seller pays property taxes pro-rated until time of auction. 10- REAL ESTATE TAXES: All real estate taxes shall be pro-rated. 11- CLOSING: Closing under all purchase agreements shall be on a date no later than forty-five (45) days after delivery of insurable title to purchaser. Buyer to pay attorney fees and closing costs. Winning Bid Subject to Owner Confirmation.

General Real Estate Auction Terms: 12- BUYER’S PREMIUM: 10% buyer’s premium shall be added to the high bid which will establish the final contract sales price. No internet bidding fee on Lot #0 Real Estate Only. General Auction Site Policies: When entering any of the auction sites you do this at your own risk. Henderson Auctions is not responsible for any injuries or damage to property that occurs at the auction site.

Real Estate Agent Information Here

Movable Assets Auction Terms: 1- Movable assets selling absolute to the highest bidder. 2- Full Settlement is due on the day of the auction or the following business day.

Cash, Wire Transfer, Cashier’s Check/Money Order, Personal/ Business Check with bank letter of guarantee-accepted payments. Visa, Mastercard, Discover, American Express (5% Fee Applies to Credit Card Purchases). 10% Buyer’s Premium added to each lot, 3% Addtional Fee (13% Total) for Internet Bidding Purchases. 3- Sales Tax Applied when applicable. Email tax exempt forms to auctionoffice@hendersonauctions.com 4- Winning bids are not pending on Financing, have money in hand to purchase items. Do not rely on financing you will be legally responsible for paying for your winning lots even if you can not get financing. 5- Henderson Auctions is unsure of the operational status of this equipment, you are purchasing all items “as is, where is” with no warranties expressed or implied. 6- Questions about movable lots? Call: 225-686-2252 and account managers info. 7- Questions about the bidding process? Call: 225-686-2252 or email jcason@hendersonauctions.com.

Sold Properties Henderson Auctions | Real Estate Auctions

21508 Bluebonnet Rd. Kaplan LA 70548

Sold $52,250.00

In an uncertain commercial environment, time on the market can be your worst enemy. Auctions create an immediate marketplace for the disposition of your commercial assets. By creating maximum liquidity for all properties, we can help you increase returns while also reducing your risk due to under pricing, over pricing, age degradation and vacancy. We combine the immediacy of auction with highly targeted marketing and an unparalleled online bidding platform to bring the market to your property. Global marketing captures the marketplace for time definite sales of commercial assets. Competition maximizes price. Fence sitters turn into bidders and bidders turn into buyers. Auction brings market value and creates liquidity for commercial real estate, especially challenging and unique assets. Wadesworth Estates | Bankruptcy Case 20-10540 Sold $9,000,000.00

Of Auctions 66

13340 Florida Blvd., Livingston, LA 70754 • LA lic# 1160-21 • 225.686.2252

Henderson Auctions | Real Estate Auctions

Sold Properties

6003 Financial Plaza Shreveport, LA 7129

Sold $265,000.00

Let our team of dedicated marketing professionals shine a spotlight on your extraordinary property. Through years of experience in everything from meticulous media exposure to the perfect photography of your property, as well as internet, social media, print media and direct mail campaigns; our team has perfected the art of listing and selling real estate.

(30) Unit Self-Storage Facility | Greensburg, LA

Sold $123,500.00

Of Auctions 66

13340 Florida Blvd., Livingston, LA 70754 • LA lic# 1160-21 • 225.686.2252

Sold Properties Henderson Auctions | Real Estate Auctions Sold Properties

Ocho Rios Subdivision (3 Lots) Pineville, LA 71360

Sold $66,000.00

In an uncertain commercial environment, time on the market can be your worst enemy. Auctions create an immediate marketplace for the disposition of your commercial assets. By creating maximum liquidity for all properties, we can help you increase returns while also reducing your risk due to under pricing, over pricing, age degradation and vacancy. We combine the immediacy of auction with highly targeted marketing and an unparalleled online bidding platform to bring the market to your property. Global marketing captures the marketplace for time definite sales of commercial assets. Competition maximizes price. Fence sitters turn into bidders and bidders turn into buyers. Auction brings market value and creates liquidity for commercial real estate, especially challenging and unique assets. 444 +/- Acres 22155 Hwy 1056 Kentwood, LA 70444 Sold $1,600,000.00

Of Auctions 64 66

13340 Florida Blvd., Livingston, LA 70754 • LA lic# 1160-21 • 225.686.2252

Sold Properties Henderson Auctions | Real Estate Auctions Sold Properties

6.16+/- Acres of Commercial Property w/6000 SF Building Sold $302,500.00

In an uncertain commercial environment, time on the market can be your worst enemy. Auctions create an immediate marketplace for the disposition of your commercial assets. By creating maximum liquidity for all properties, we can help you increase returns while also reducing your risk due to under pricing, over pricing, age degradation and vacancy. We combine the immediacy of auction with highly targeted marketing and an unparalleled online bidding platform to bring the market to your property. Global marketing captures the marketplace for time definite sales of commercial assets. Competition maximizes price. Fence sitters turn into bidders and bidders turn into buyers. Auction brings market value and creates liquidity for commercial real estate, especially challenging and unique assets. 3103 Highland Ave Shreveport, LA 71105 Sold $126,750.00

Of Auctions 64 66

13340 Florida Blvd., Livingston, LA 70754 • LA lic# 1160-21 • 225.686.2252

Sold Properties Henderson Auctions | Real Estate Auctions

Comanche Ave, Greenwell Springs, LA

Sold $561,000.00

133.66 +/- acres rural undeveloped parcel located near Comanche Dr/Whispering Pines Dr in the Indian Mound area of East Baton Rouge Parish. This property will sell Absolute to the Highest Bidder. The winning bidder is responsible for all closing costs. 4.5 +/- Acres of Commercial Land Retail Space Sold $682,000.00

Of Auctions 66

13340 Florida Blvd., Livingston, LA 70754 • LA lic# 1160-21 • 225.686.2252