offering materials

WILKINS FARM

OFFERING MATERIALS

Property Offered for Sale by the University of Georgia

February 11, 2015

Wilkins Farm Offering Materials 2

Table of Contents Property Overview ...................................................................................................................................... 3�

Property Description .............................................................................................................................. 3�

Historical Use .......................................................................................................................................... 3�

Improvements ......................................................................................................................................... 3�

Utilities ...................................................................................................................................................... 3�

Easements and Encroachments .......................................................................................................... 3�

Property Taxes ....................................................................................................................................... 3�

Special Conditions ..................................................................................................................................... 4�

Right of First Refusal ............................................................................................................................. 4�

Mineral Rights ......................................................................................................................................... 4�

Shooting Range ...................................................................................................................................... 4�

Sales Process ............................................................................................................................................. 5�

Contact Person ....................................................................................................................................... 5�

Property Tour .......................................................................................................................................... 5�

Questions Regarding the Property ...................................................................................................... 5�

Sales Contract ........................................................................................................................................ 5�

Distribution of Additional Information .................................................................................................. 5�

Offer Submission .................................................................................................................................... 5�

Selection of the Winning Bid ................................................................................................................. 5�

Notification to the Winning Bidder........................................................................................................ 6�

Closing ..................................................................................................................................................... 6�

Appendix A�

Appendix B�

Appendix C��


Property Overview

Property Description The Wilkins Farm (the “Property”) is an approximately 865 acre property located at 2337 Washington Road, Rayle, Georgia in Oglethorpe County (approximately 803 acres) and Wilkes County (approximately 62 acres). The Property is naturally subdivided into three smaller tracts. The Property has extensive frontage along U.S. Highway 78 and has a gently rolling topography consisting primarily of open, rolling pasture. Approximately 600 acres of the Property is fenced. In addition, the Property has an approximately 12 acre lake and two ponds.

Historical Use The University of Georgia (the “University”) has owned the Property since the 1960s.1 The University initially purchased approximately 962 acres of land in August 1962. The enclosed survey dated July 30, 1962 (the “1962 Survey”) from 1962 illustrates the land purchased by the University. In September 1994, the University sold the area marked as Tract 2 (approximately 83.94 acres) on the 1962 Survey. Appendix A contains additional information regarding the initial acquisition of the Property and the subsequent sale of the approximately 83.94 acres. The survey dated February 24, 2014 and revised February 6, 2015 (the “2015 Survey”) in Appendix B illustrates the current limits of the Property. The University’s College of Agricultural and Environmental Sciences has utilized the Property for beef cattle research related purposes. The University’s police department has utilized approximately 35 acres of the Property for a shooting range. The shooting range is described in more detail in the Special Conditions section.

Improvements Improvements on the Property include a single family dwelling, barns, sheds, and multiple buildings associated with the shooting range.

Utilities Electric and telephone service exists at the Property. Three drilled wells serve as the water sources. Individual septic tanks are utilized. Community sewerage service is not available.

Easements and Encroachments There are no known adverse easements or encroachments.

Property Taxes The Property is currently exempt from property taxes.

1 The University of Georgia is a constituent institution of the University System of Georgia. The Board of Regents of the University System of Georgia is the record owner of the Wilkins Farm. For ease of explanation and to limit any confusion regarding the differing names of the property user and property owner, this document refers to the University of Georgia as the owner and user of the property.


Special Conditions

Right of First Refusal A third party holds an option to repurchase the Property from the University in the event the University intends to sell the property. The holder of the option has a six month option to repurchase the Property at the price offered by a bona fide third party bidder. The option applies only to the areas marked Tract 1 and Tract 2 on the 2015 Survey. The enclosed mineral rights and right of first refusal deeds (in Appendix A) provide additional information regarding this option.

Mineral Rights The estate of a prior owner retains a one eighth (1/8) interest in all minerals removed from a portion of the Property. The retention of mineral rights applies only to the areas marked Tract 1 and Tract 2 on the 2015 Survey. The enclosed mineral rights and right of first refusal deeds (in Appendix A) provide additional information regarding this retention of mineral rights.

Shooting Range The University’s police department has utilized approximately 35 acres of the Property for a shooting range. The University intends to close the range in accordance with all applicable environmental regulations and mandates prior to closing the sale of the property. The scope of this work is dependent upon testing that the University will conduct after execution of the Agreement to Sell and Purchase Improved Real Property and the expiration of the Purchaser’s Due Diligence Period as defined therein.

The remainder of this page is intentionally blank.


Sales Process

Contact Person The sole contact person for the sale of the Property is Eric Orbock (706/542-6794, [email protected]). Any contact with other individuals associated with the University or the University System of Georgia may subject a bidder to disqualification.

Property Tour Interested bidders may tour the Property at the following dates and times: February 19, 2015: 8:30 AM - 12:00 PM February 23, 2015: 1:00 PM - 4:30 PM

Questions Regarding the Property All questions regarding the Property must be submitted by February 27, 2015. The University will distribute answers to the questions as described below.

Sales Contract The Agreement to Sell and Purchase Improved Real Property is attached hereto and expressly incorporated herein by reference. Any and all acceptable bidders will be required to sign this agreement. Bidders must include with their bid submissions all proposed modifications to this agreement. The University may consider the impact of any such proposed modifications when determining the winning bidder.

Distribution of Additional Information As necessary, the University will distribute additional information by posting it to the Georgia Procurement Registry (http://ssl.doas.state.ga.us/PRSapp/PR_index.jsp). If you would also like to directly receive the additional information, please provide your email address to Eric Orbock.

Offer Submission All interested bidders must submit a sealed bid (Appendix C contains the Bid Form) to the University of Georgia, 1280 South Lumpkin Street, Athens, Georgia 30602 by no later than 2:00 PM EST on March 13, 2015. All submitted bids shall include the bidder’s proposed modifications to the Agreement to Sell and Purchase Improved Real Property. All bids will be publicly opened and announced at the aforementioned time and location.

Selection of the Winning Bid The University reserves the right, in its sole discretion, to accept the bid that it determines to be the most advantageous and to reject any or all bids for any reason. The University also reserves the right to set a minimum price for which the Property may be sold, to waive any or all formalities, informalities, or technicalities in the bidding or the bids, & to evaluate, in its sole discretion, the responsibility of the bidder.


Notification to the Winning Bidder The University shall notify the winning bidder in writing by no later than March 27, 2015. Execution of the Agreement to Sell and Purchase Improved Real Property shall occur by the Buyer no later than 15 business days thereafter. The Buyer’s bid will be subject to all the terms and conditions as accepted in the Agreement to Sell and Purchase Improved Real Property and shall become binding and irrevocable in accordance with the terms thereof.

Closing Closing shall take place within 30 days after satisfaction of the contingencies of Seller as outlined in the Agreement to Sell and Purchase Improved Real Property. Unless otherwise agreed to by the University and the winning bidder, the closing shall take place no later than December 31, 2015.


Wilkins Farm Offering Materials

Appendix A Appendix A contains the following information:

x Survey dated July 30, 1962 (the “1962 Survey”) x Deed for acquisition of Tract 1 and Tract 2 as defined by 1962 Survey x Mineral rights and right of first refusal deeds for Tracts 1 and 2 as defined by 1962 Survey x Deed for acquisition of Tract 3 as defined by 1962 Survey x Deeds for sale of Tract 2 as defined by 1962 Survey

Note: The parcels designated by Tract 1, Tract 2, and Tract 3 in the 1962 Survey differ from the parcels designated as Tract 1, Tract 2, and Tract 3 in the survey dated February 24, 2014 and revised February 6, 2015.



Appendix B Appendix B contains the following information:

x Location map and aerial x Survey dated February 24, 2014 and revised February 6, 2015 x Legal description – Tract 1 x Legal description – Tract 2 x Legal description – Tract 3


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Shooting Range

PROPERTY DESCRIPTION TRACT 1 (REVISED): All that tract or parcel of land lying in and being a part of the 230th G.M.D., Oglethorpe County, Georgia, being known and designated as Tract 1 (Revised), containing 262.521 acres, on that survey by Ben McLeroy & Associates, Inc., dated February 24, 2014, last revised October 2, 2014, for University of Georgia Wilkins Farm, said Tract 1 being more particularly described as follows: BEGINNING at the point of intersection formed by the centerline of Dry Fork Creek and the northerly right of way (R/W) line of U.S. 78 Highway (Washington Road) (R/W width varies), said point having State Plane (1001 Georgia East Zone) coordinates of 1,382,577.3301 North and 409,955.8484 East, run thence along said northerly R/W line of U.S. 78 Highway the following courses and distances: (i) South 83 degrees 56 minutes 50 seconds West 89.32 feet to a point, (ii) South 06 degrees 03 minutes 10 seconds East 60.00 feet to a point, ( iii) South 83 degrees 56 minutes 50 seconds West 2870.11 feet to a point, (iv) an arc measurement of 645.80 feet around a curve having clockwise rotation and a radius of 3379.87 feet, the chord measurement thereof being South 89 degrees 25 minutes 16 seconds West 644.82 feet to a point, (v) North 85 degrees 06 minutes 18 seconds West 1563.69 feet to a point, (vi) an arc measurement of 1125.18 feet around a curve having clockwise rotation and a radius of 5499.70 feet, the chord measurement thereof being North 79 degrees 14 minutes 38 seconds West 1123.22 feet to a point, and (vii) North 73 degrees 22 minutes 59 seconds West 1566.94 feet to a ½ inch reinforcing rod (RR) set; leaving said R/W line, run thence along property of Glades Woodland Farms LLC the following courses and distances: (i) North 44 degrees 07 minutes 47 seconds East 74.33 feet to a 2 inch pipe found, (ii) South 84 degrees 40 minutes 51 seconds East 333.53 feet to a ½ inch RR set, (iii) South 78 degrees 16 minutes 56 seconds East 1979.06 feet to a ½ inch RR found at a 1.25 inch pipe, (iv) North 88 degrees 54 minutes 54 seconds East 968.86 feet to a 1.25 inch pipe found, and (v) North 1 degree 52 minutes 37 seconds West 1137.53 feet to a point in the centerline of a branch; run thence along the centerline of said branch the following courses and distances: (i) North 66 degrees 12 minutes 07 seconds East 75.48 feet to a point, (ii) North 71 degrees 40 minutes 45 seconds East 137.01 feet to a point, (iii) South 63 degrees 40 minutes 36 seconds East 56.93 feet to a point, (iv) North 1 degree 33 minutes 17 seconds East 43.95 feet to a point, (v) North 57 degrees 58 minutes 48 seconds East 66.76 feet to a point, (vi) North 75 degrees 12 minutes 41 seconds East 66.76 feet to a point, (vii) North 54 degrees 35 minutes 03 seconds East 48.06 feet to a point, (viii) North 66 degrees 35 minutes 45 seconds East 48.20 feet to a point, (ix) South 79 degrees 21 minutes 19 seconds East 34.44 feet to a point, (x) South 79 degrees 26 minutes 34 seconds East 72.81 feet to a point, (xi) North 81 degrees 21 minutes 21 seconds East 140.86 feet to a point, (xii) North 44 degrees 08 minutes 13 seconds East 182.57 feet to a point, (xiii) North 61 degrees 21 minutes 18 seconds East 61.04 feet to a point, (xiv) North 63 degrees 07 minutes 33 seconds East 142.91 feet to a point, and (xv) North 43 degrees 44 minutes 22 seconds East 90.60 feet to a 1.5 inch pipe; leaving said branch centerline, run thence along property of Glades Woodland Farms LLC the following courses and distances: (i) North 6 degrees 9 minutes 46 seconds East 754.53 feet to a point in swamp, (ii) North 41 degrees 00 minutes 37 seconds East 164.24 feet to a ½ inch RR set at a 1.5 inch pipe found, (iii) North 10 degrees 45 minutes 48 seconds East 660.18 feet to a 1.5 inch pipe found, (iv) North 47 degrees 29 minutes 54 seconds East 498.08 feet to a ½ inch RR set at a ½ inch RR found, (v) South 46 degrees 35 minutes 34 seconds East 2094.86 feet to a 1 inch RR found, (vi) South 41 degrees 28 minutes 31 seconds East 1793.71 feet to a 1 inch RR found, (vii) North 86 degrees 38 minutes 05 seconds East 50.24 feet to a ½ inch RR set, and (viii) North 86 degrees 38 minutes 05 seconds East 40.00 feet to a point in the centerline of Dry Fork Creek; run thence along the centerline of Dry Fork Creek and along property of Kent D. and Doris L. Cochran the following courses and distances: (i) South 5 degrees 49 minutes 1 second East 99.61 feet to a point, (ii) South 15

degrees 57 minutes 41 seconds East 108.83 feet to a point, (iii) South 24 degrees 11 minutes 27 seconds West 156.30 feet to a point, (iv) South 22 degrees 14 minutes 39 seconds West 77.73 feet to a point, (v) South 14 degrees 39 minutes 41 seconds East 118.47 feet to a point, (vi) South 7 degrees 58 minutes 38 seconds East 145.10 feet to a point, and (vii) South 36 degrees 10 minutes 07 seconds West 94.87 feet to the POINT OF BEGINNING for Tract 1. All directions recited herein are referenced to Grid North (1001 Georgia East).

PROPERTY DESCRIPTION TRACT 2 (REVISED): All that tract or parcel of land lying in and being a part of the 230th G.M.D., Oglethorpe County, Georgia, being known and designated as Tract 2 (Revised), containing 540.610 acres, on that survey by Ben McLeroy & Associates, Inc., dated February 24, 2014, last revised October 2, 2014, for University of Georgia Wilkins Farm, said Tract 2 being more particularly described as follows: BEGINNING at the point of intersection formed by the centerline of Dry Fork Creek and the northerly right of way (R/W) line of U.S. 78 Highway (Washington Road) (R/W width varies), said point having State Plane (1001 Georgia East Zone) coordinates of 1,382,577.3301 North and 409,955.8484 East, run thence South 19 degrees 34 minutes 43 seconds West 206.49 feet to a point situated at the point of intersection formed by the centerline of Dry Fork Creek and the southerly R/W line of U.S. 78 Highway, said point being the TRUE POINT OF BEGINNING for Tract 2; run thence along said centerline of Dry Fork Creek the following courses and distances: (i) South 61 degrees 59 minutes 21 seconds West 26.07 feet to a point, (ii) South 32 degrees 56 minutes 5 seconds West 94.80 feet to a point, (iii) South 28 degrees 1 minute 46 seconds West 102.02 feet to a point, (iv) South 58 degrees 50 minutes 08 seconds West 120.33 feet to a point, (v) South 39 degrees 32 minutes 18 seconds East 113.85 feet to a point, (vi) South 74 degrees 6 minutes 2 seconds East 150.83 feet to a point, (vii) South 29 degrees 6 minutes 31 seconds West 112.27 feet to a point, (viii) South 20 degrees 50 minutes 21 seconds East 96.62 feet to a point, (ix) South 58 degrees 19 minutes 30 seconds West 290.77 feet to a point, (x) South 8 degrees 50 minutes 13 seconds East 171.78 feet to a point, (xi) South 26 degrees 43 minutes 32 seconds West 159.09 feet to a point, (xii) South 78 degrees 52 minutes 49 seconds West 118.46 feet to a point, (xiii) North 59 degrees 20 minutes 54 seconds West 111.33 feet to a point, (xiv) South 80 degrees 12 minutes 39 seconds West 43.92 feet to a point, (xv) South 14 degrees 35 minutes 13 seconds West 101.42 feet to a point, (xvi) South 29 degrees 44 minutes 12 seconds East 94.18 feet to a point, (xvii) South 41 degrees 06 minutes 29 seconds East 195.93 feet to a point, (xviii) South 46 degrees 37 minutes 37 seconds West 89.75 feet to a point, (xix) South 36 degrees 21 minutes 40 seconds West 121.21 feet to a point, (xx) South 26 degrees 24 minutes 0 seconds West 57.55 feet to a point, (xxi) South 8 degrees 33 minutes 43 seconds West 162.70 feet to a point, (xxii) South 40 degrees 3 minutes 11 seconds East 153.20 feet to a point, (xxiii) South 5 degrees 25 minutes 33 seconds East 58.33 feet to a point, (xxiv) South 70 degrees 15 minutes 37 seconds West 183.72 feet to a point, (xxv) South 36 degrees 40 minutes 36 seconds West 174.23 feet to a point, (xxvi) South 23 degrees 34 minutes 28 seconds West 312.01 feet to a point, (xxvii) South 10 degrees 38 minutes 6 seconds East 144.30 feet to a point, (xxviii) South 63 degrees 18 minutes 44 seconds East 253.00 feet to a point, (xxix) South 45 degrees 40 minutes 37 seconds East 45.85 feet to a point, (xxx) South 15 degrees 9 minutes 23 seconds West 68.23 feet to a point, (xxxi) North 83 degrees 27 minutes 41 seconds West 56.66 feet to a point, (xxxii) North 85 degrees 39 minutes 52 seconds West 241.53 feet to a point, (xxxiii) South 6 degrees 12 minutes 2 seconds West 139.86 feet to a point, (xxxiv) South 29 degrees 54 minutes 49 seconds West 132.69 feet to a point, (xxxv) South 4 degrees 3 minutes 2 seconds West 175.22 feet to a point, (xxxvi) South 44 degrees 12 minutes 10 seconds West 210.44 feet to a point, (xxxvii) South 18 degrees 8 minutes 23 seconds West 111.84 feet to a point, (xxxviii) South 52 degrees 31 minutes 25 seconds West 113.64 feet to a point, (xxxix) North 4 degrees 9 minutes 31 seconds West 85.73 feet to a point, (xl) North 43 degrees 51 minutes 48 seconds West 146.26 feet to a point, (xli) South 40 degrees 11 minutes 58 seconds West 56.70 feet to a point, (xlii) South 55 degrees 54 minutes 50 seconds West 107.04 feet to a point, (xliii) South 86 degrees 46 minutes 36 seconds West 144.02 feet to a point, (xliv) South 43 degrees 59 minutes 15 seconds West 121.49 feet to a point, (xlv) South 55 degrees 32 minutes 30 seconds West 193.54 feet to a point, (xlvi) South 81 degrees 9 minutes 45 seconds West 261.25 feet to a point, (xlvii) South 66 degrees 49 minutes 25 seconds West 106.74 feet to a point, (xlviii) South 58 degrees 59 minutes

25 seconds West 149.41 feet to a point, and (xlix) South 42 degrees 44 minutes 11 seconds West 245.92 feet to a point; leaving said creek centerline, run thence along property of Glades Woodland Farms LLC the following courses and distances: (i) South 89 degrees 5 minutes 7 seconds West 15.43 feet to a ½ inch RR set, (ii) South 89 degrees 5 minutes 7 seconds West 1115.60 feet to a 1.5 inch pipe found, (iii) North 77 degrees 25 minutes 37 seconds West 824.84 feet to a 1.5 inch pipe found, and (iv) North 81 degrees 5 minutes 55 seconds West 229.42 feet to a 1.5 inch buggy axle found; thence South 74 degrees 42 minutes 53 seconds West 277.11 feet along property of Verrico and Stich, Trustees of J. James to a ½ inch RR found in a 4 inch square concrete monument; run thence along property of Thomas C. Thaxton the following courses and distances: (i) North 45 degrees 2 minutes 30 seconds West 3137.16 feet to a ½ inch pipe found, (ii) North 27 degrees 17 minutes 5 seconds West 359.18 feet to a 1/2 inch pipe found, (iii) North 49 degrees 34 minutes 45 seconds West 369.79 feet to a ½ inch pipe found, (iv) North 86 degrees 31 minutes 41 seconds West 594.82 feet to a 1.5 inch axle found, (v) South 53 degrees 25 minutes 17 seconds West 374.41 feet to a ½ inch RR set, and (vi) South 53 degrees 25 minutes 17 seconds West 20.00 feet to a point situated in the centerline of Will Wynne Road (30 feet wide ditch to ditch, gravel and county maintained); run thence along the centerline of Will Wynne Road and along property of Donald L. and Mark S. Poss an arc measurement of 514.64 feet around a curve having clockwise rotation and a radius of 4012.10 feet, the chord measurement thereof being North 19 degrees 46 minutes 39 seconds West 514.29 feet to a point; run thence along the centerline of said road and along property of D.O. Overstreet LLC the following courses and distances: (i) an arc measurement of 340.43 feet around a curve having clockwise rotation and a radius of 324.80 feet, the chord measurement thereof being North 13 degrees 55 minutes 26 seconds East 325.06 feet to a point, (ii) North 43 degrees 57 minutes 1 second East 793.90 feet to a point, (iii) an arc measurement of 486.17 feet around a curve having counterclockwise rotation and a radius of 2348.97 feet, the chord measurement thereof being North 38 degrees 1 minute 16 seconds East 485.30 feet to a point, and (iv) North 32 degrees 5 minutes 30 seconds East 18.91 feet to a point situated at the intersection of the centerline of Will Wynne Road with the southerly R/W line of U.S. 78 Highway (80 foot wide R/W); run thence along the southerly R/W line of U.S. 78 Highway the following courses and distances: (i) South 73 degrees 22 minutes 59 seconds East 1693.76 feet to a point, (ii) an arc measurement of 1141.55 seconds around a curve having counterclockwise rotation and a radius of 5579.70 feet, the chord measurement thereof being South 79 degrees 14 minutes 38 seconds East 1139.56 feet to a point, (iii) South 85 degrees 6 minutes 18 seconds East 1563.69 feet to a point, (iv) an arc measurement of 661.09 feet around a curve having counterclockwise rotation and a radius of 3459.87 feet, the chord measurement thereof being North 89 degrees 25 minutes 16 seconds East 660.09 feet to a point, (v) North 83 degrees 56 minutes 50 seconds East 2870.11 feet to a point, and (vi) South 6 degrees 3 minutes 10 seconds East 46.17 feet to the TRUE POINT OF BEGINNING for Tract 2. All directions recited herein are referenced to Grid North (1001 Georgia East Zone).

PROPERTY DESCRIPTION TRACT 3 (REVISED): All that tract or parcel of land lying in and being a part of the 168th G.M.D., Wilkes County, Georgia, being known and designated as Tract 3 (Revised), containing 61.554 acres, on that survey by Ben McLeroy & Associates, Inc., dated February 24, 2014, last revised February 6, 2015, for University of Georgia Wilkins Farm, said Tract 3 being more particularly described as follows: BEGINNING at the point of intersection formed by the centerline of Dry Fork Creek and the northerly right of way (R/W) line of U.S. 78 Highway (Washington Road) (R/W width varies), said point having State Plane (1001 Georgia East Zone) coordinates of 1,382,577.3301 North and 409,955.8484 East, run thence South 19 degrees 34 minutes 43 seconds West 206.49 feet to a point situated at the point of intersection formed by the centerline of Dry Fork Creek and the southerly R/W line of U.S. 78 Highway, said point being the TRUE POINT OF BEGINNING for Tract 3; run thence along the southerly R/W line of U.S. 78 Highway the following courses and distances: (i) South 6 degrees 3 minutes 10 seconds East 13.83 feet to a point, (ii) North 83 degrees 56 minutes 50 seconds East 180.00 feet to a point, (iii) North 6 degrees 3 minutes 10 seconds West 50.00 feet to a point, (iv) North 83 degrees 56 minutes 50 seconds East 764.91 feet to a point, and (v) an arc measurement of 329.01 feet around a curve having clockwise rotation and a radius of 2705.18 feet, the chord measurement thereof being North 87 degrees 25 minutes 53 seconds East 328.81 feet to a point, (vi) South 0 degrees 54 minutes 39 seconds West 20.77 feet to a point, (vii) an arc measurement of 311.57 feet around a curve having clockwise rotation and a radius of 2730.00 feet, the chord measurement thereof being South 85 degrees 49 minutes 11 seconds East 311.40 feet to a point, (viii) South 82 degrees 33 minutes 00 seconds East 380.44 feet to a point, (ix) South 07 degrees 27 minutes 00 seconds West 15.00 feet to a point, (x) South 82 degrees 33 minutes 00 seconds East 600.00 feet to a point, (xi) North 07 degrees 27 minutes 00 seconds East 20.00 feet to a point, (xii) South 82 degrees 33 minutes 00 seconds East 650.00 feet to a point, (xiii) South 07 degrees 27 minutes 00 seconds West 10.00 feet to a point, and (xiv) South 82 degrees 33 minutes 00 seconds East 19.12 feet to a 1/2 inch reinforcing rod (RR) set; leaving said R/W line, run thence along the centerline of an old road bed and along property of Caloga Family Farms LLC South 38 degrees 37 minutes 55 seconds West 1751.04 feet to a ½ inch pipe found; thence North 47 degrees 23 minutes 31 seconds West 478.48 feet to a 1.5 inch angle iron found; run thence along property of Nancy T. Jones Estate the following courses and distances: (i) North 47 degrees 23 minutes 31 seconds West 644.00 feet to a 4 inch concrete monument found, (ii) North 75 degrees 23 minutes 34 seconds West 645.36 feet to a ½ inch RR found, (iii) North 75 degrees 23 minutes 34 seconds West 410.94 feet to a 4 inch concrete monument found, (iv) North 68 degrees 18 minutes 56 seconds West 240.25 feet to a 4 inch concrete monument found, and (v) South 80 degrees 51 minutes 23 seconds West 53.37 feet to a point situated in the centerline of Dry Fork Creek; run thence along the centerline of Dry Fork Creek the following courses and distances: (i) North 74 degrees 6 minutes 2 seconds West 150.83 feet to a point, (ii) North 39 degrees 32 minutes 18 seconds West 113.85 feet to a point, (iii) North 58 degrees 50 minutes 8 seconds East 120.33 feet to a point, (iv) North 28 degrees 1 minute 46 seconds East 102.02 feet to a point, (v) North 32 degrees 56 minutes 5 seconds East 94.80 feet to a point, and (vi) North 61 degrees 59 minutes 21 seconds East 26.07 feet to the TRUE POINT OF BEGINNING for Tract 3. All directions recited herein are referenced to Grid North (1001 Georgia East Zone).


Appendix C Appendix C contains the following information:

x Agreement to Sell and Purchase Improved Real Property x Bid Form


1285657/4 1 432190 – Improved Real Property

Counterpart No. Of _____ Original Executed Counterparts. Counterpart of . STATE OF GEORGIA, COUNTY OF FULTON:

AGREEMENT TO SELL AND PURCHASE IMPROVED REAL PROPERTY

THIS AGREEMENT TO SELL AND PURCHASE REAL PROPERTY, hereinafter referred to as this "Agreement," is made and entered into this day of , 2015, , hereinafter referred to as "the date hereof," by and between the BOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA, a department of the executive branch of the government of the State of Georgia created by the General Assembly and existing under the Laws of the State of Georgia, whose address is 270 Washington Street, Sixth Floor, Atlanta, Georgia 30334, Party of the First Part, hereinafter referred to as "Seller," and , whose address is , , Party of the Second Part, hereinafter referred to as "Purchaser".

W I T N E S S E T H T H A T : WHEREAS, Seller desires to sell certain real property that it currently owns lying and being Oglethorpe and Wilkes Counties, Georgia, and more particularly described in Exhibit "A" attached hereto, and hereinafter referred to as "Property"; WHEREAS, Seller has issued a Request for Proposal which contains specific facts and conditions regarding the Property which the Purchaser acknowledges to have read and fully understood; and WHEREAS, Purchaser desires to purchase the Property from Regents on the terms and conditions set forth below; NOW, THEREFORE, for and in consideration of the payment by Purchaser to Seller of the sum of TEN DOLLARS ($10.00) and the mutual covenants and agreements set forth herein, all of which both parties respectively agree constitutes sufficient consideration received at or before the execution hereof, the parties agree as follows:

1. USAGE AND DEFINITIONS

1.1 As used in this Agreement, the following words and terms set forth in this section numbered 1 refer to, or mean, or include in their meaning, the following: 1.1.1 The words "State" and "Georgia" shall mean the "State of Georgia." 1.1.2 The term "General Assembly" shall refer and include in its meaning "of the State of Georgia."


1.1.3 The words "party" or "parties" are sometimes used herein to refer to either Seller or Purchaser or collectively to Seller and Purchaser, and when expressed words such as herein, hereto or other words of similar import are assumed as though in each case expressed. 1.1.4 The words "execute" or "execution" are used interchangeable herein to mean the signing, sealing and delivery of the called for Deed, instruments, documents and legal pleadings. 1.1.5 The term "Seller" as used herein shall mean Grantor and shall include the Board of Regents of the University System of Georgia, the State of Georgia, and units of the University System of Georgia, as the case might be. 1.1.6 The word "Closing" shall mean the consummation of the sale and purchase of the Property, hereinafter referred to as the "transaction," contemplated by this Agreement by the execution, deliveries and acceptances required by this Agreement. 1.2 All words used in this Agreement include in their meaning the masculine, feminine and neuter gender; singular and plural number; and present, past and future tense; and all appropriate grammatical adjustments shall be assumed as though in each case fully expressed. 1.3 For convenience, when referring herein to Seller, the third person, neuter gender "it" is sometimes used. 1.4 For convenience, when referring herein to Purchaser, the third person, masculine gender "he," "his" or "him" is sometimes used.

2. SALE OF PROPERTY

Seller agrees to sell to Purchaser, and Purchaser agrees to purchase from Seller, upon the provisions hereof, the Property lying and being in Oglethorpe and Wilkes Counties, Georgia, being more particularly described in Exhibit "A" and attached hereto and by reference made a part hereof. The Property is to be conveyed "as is and where is," by Fee Simple Deed Without Warranty. Tracts 1 and 2 as further described in the attached Exhibit “A” are being sold subject to the reservation of a one eighth (1/8) interest in the mineral rights reserved by the estate of a prior owner.

3. PURCHASE PRICE AND BINDER

The Purchase Price of the Property is and NO/100 DOLLARS ($ ).

4. CONTINGENCIES PRIOR TO CLOSING

Purchaser agrees and acknowledges that the following contingencies must be satisfied prior to closing (the failure of satisfaction of any of the contingencies will render this contract null and void and subject the Seller to return the earnest money to the Purchaser). Seller shall have until November 30, 2015 to satisfy the following contingencies and the Purchaser’s offer shall remain open, irrevocable and binding pending satisfaction of the following contingencies.

a.) APPROVAL OF SELLER

The sale of the Property is contingent upon the formal approval of the Board of Regents of the University System of Georgia. Such approval will be sought by the Seller after expiration of the Purchaser’s due diligence period and satisfaction of the other contingencies.


b.) RIGHT OF FIRST REFUSAL

The sale of tract 1 and 2 as further described in the attached Exhibit “A” is contingent upon the property first being offered to a third party that has retained the right to purchase the property upon identical terms as a bona fide third party offer. The right to purchase in favor of the third party former owner exists for a period of 6 months subsequent to receiving notice of the offer.

5. PURCHASER’S DUE DILIGENCE

For a period of thirty (30) days subsequent to the Purchaser’s execution of this contract (the “Purchaser’s Due Diligence period”), the Purchaser, acting at Purchaser's own risk and expense, shall be permitted, along with its authorized representatives to enter onto the Property for the purposes of making an inspection or appraisal of the same, and making a field survey of the same which could result in a plat of survey being prepared. However, Seller and Purchaser agree the Property is being sold and purchased "by the tract and not by the acreage". In exercising the permission hereby given, Purchaser shall and does hereby agree to indemnify, defend and hold Seller harmless from any loss or liability suffered by Seller. If for any reason the Purchaser shall determine that the Property is not suitable for the Purchaser’s intended use during the Purchaser’s Due Diligence Period, the Purchaser shall have the right to notify the Seller in writing of its intent not to purchase the Property and upon receipt of such written notice, this contract will become null and void and the Purchaser’s Earnest Money will be refunded to the Purchaser. After the expiration of the Purchaser’s Due Diligence Period, this contract shall become irrevocable by the Purchaser and the Purchaser’s Earnest Money shall become non-refundable.

6. EARNEST MONEY

Simultaneously with complete execution of this Agreement, Purchaser shall deposit with

Seller as earnest money a sum equal to Ten percent (10%) of the Purchase Price (hereinafter referred to as ''Earnest Money''). The Earnest Money is to be held in escrow subject to this Agreement. At Closing, all Earnest Money shall be applied to the Purchase Price.

7.

SELLER REPRESENTATIONS 7.1 To induce Purchaser to accept this offer, Seller makes the following representations (and these are the only representations made by Seller), upon which Purchaser is entitled to rely without independent investigation and verification, and each of which shall be deemed to be material to this Agreement: 7.1.1 The Georgia law prohibiting certain public officials and employees of the State of Georgia from transacting business with certain state agencies (O.C.G.A. Title 45, Chapter 10, Article 2) has not and will not be violated in any respect by the execution and implementation of this Agreement. 7.1.2 Seller makes no other representations or warranties, expressed or implied, with respect to the subject matter of this Agreement except as contained herein. Seller has not


surveyed the Property to determine the existence of any hazardous materials, substances or constituents. The purchase and sale is made “as is, where is, and with all faults.”

8. RISK OF LOSS AND DAMAGE

8.1 Pending acceptance of this offer by Purchaser and thereafter through and including the Closing Date, the risk of loss of the Property will remain with the Seller. 8.2 In the event the Property, or a material portion thereof, is destroyed or damaged by fire or other casualty after acceptance of this offer but prior to Closing, then Purchaser, at his option, may cancel this Agreement, whereupon Seller shall return the Earnest Money to Purchaser and thereafter the parties shall have no further duty, obligation, financial or otherwise, or liability hereunder to each other; or close the transaction with the Purchase Price reduced by an amount equivalent to the difference between the fair market value of the Property immediately prior to such damage or destruction less the fair market value of the Property immediately after such damage or destruction, as mutually determined.

9. TITLE EXAMINATION

Purchaser shall have thirty (30) days within which to examine the title to the Property and secure, at Purchaser's expense, a written owner's title insurance commitment, hereinafter referred to as "commitment," from a title insurance company of Purchaser’s choice licensed to do business in the State of Georgia to insure, at its standard rates, subject to its standard exceptions and/or exclusions, the title to the Property to be conveyed by Seller to Purchaser pursuant to this Agreement. If the commitment sets up (or sets forth) any title objection(s), then Seller agrees to analyze said title objection(s) and then determine, in its sole discretion, whether or not to cure the same. Purchaser understands and agrees that the Property is sold “as is, where is, and with all faults” and Seller makes no warranty of any type or kind whatsoever.

10. CLOSING

10.1 The Closing Date of this transaction shall be on or before the thirtieth (30th) day following the satisfaction of the contingencies contained in this Agreement. The Closing Date, and the time and place of Closing, shall be designated by Purchaser, and notice thereof shall be given to Seller not less than seven (7) days prior to the designated Closing Date. Purchaser may designate the attorney who will conduct the Closing (hereinafter referred to as the "closing attorney"), and said closing attorney shall represent Purchaser at the Closing. 10.2 Subsequent to or at Closing, Seller and Purchaser shall respectively pay the following costs and expenses, hereinafter referred to as "expenses": 10.2.1 Seller shall pay the following expenses: (a) Fees of the Seller's attorney; (b) All other expenses actually incurred by Seller.; and (c) All costs associated with the closure (in accordance with all applicable

environmental laws and regulations) of the shooting range currently located on the subject property (located upon Tract 1 on the 2015 Survey).


10.2.2 Purchaser shall pay the following expenses: (a) Fees and expenses of Purchaser's attorney(s) and closing attorney; and (b) Fee for examination and certification of the title to the Property; and (c) Fee and premium to a title insurance company for the commitment and any issued owners title insurance policy; and (d) Expenses for filing and recording the Quitclaim Deed and any other documents or instruments which Purchaser deems necessary or desirable to place of record; and (e) The expenses of any inspection, appraisal or field survey (or resulting plat of survey) of the Property obtained by Purchaser; and (f) Any real property ad valorem taxes that may be assessed and levied against the Property by the taxing authorities of any city or county; and (g) All other expenses, including fees paid to real estate agents or brokers retained

by Purchaser, actually incurred by Purchaser. 10.3 At the Closing, Seller and Purchaser shall each deliver to the other the following: 10.3.1 Purchaser shall tender to Seller the Purchase Price in the manner set forth in subsection numbered 10.4 hereof. 10.3.2 Seller shall deliver to Purchaser the following: (a) A Quitclaim Deed conveying to Purchaser all of Seller's right, title and interest in and to the Property, the legal description contained therein to be verbatim as set forth in EXHIBIT "A" attached hereto; and (b) An owner's affidavit, executed by a designated official of Seller, sufficient to enable Purchaser to have deleted from its owners title insurance policy any exception for unfiled mechanics' and materialmens' liens; and (c) If requested, a copy of official records of Seller authorizing execution of the Deed and other instruments, documents and legal pleadings necessary to implement and finalize this transaction; and (d) A State of Georgia Real Estate Transfer Tax Declaration. 10.4 At the Closing, Purchaser shall tender to Seller a cashiers check, payable to Seller in the amount of the Purchase Price, less the amount of Earnest Money, or at Seller's sole election, cash equivalent payment by cash, wire, or other means acceptable to Seller.

11. DELIVERY OF POSSESSION

At the Closing, Seller will deliver to Purchaser all the possession it has in and to the Property in the same condition as the Property exists on the date hereof, acts of God, normal wear and tear, and the commission of any criminal acts on or to the Property, excepted.


12. DEFAULT

12.1 If, following Purchaser's acceptance of this offer, the transaction contemplated by this Agreement is not consummated on account of Seller's default (when not otherwise provided for herein to the contrary, a failure by Seller to execute, act, implement, comply or carry out any provision of this Agreement when the provision requires Seller to so do) hereunder, then Purchaser may elect to cancel this Agreement by written notice, whereupon Purchaser and Seller shall then have no further duty, obligation, financial or otherwise, or liability hereunder to each other. 12.2 If the sale and purchase of the Property contemplated by this Agreement is not consummated on account of the Purchaser's default (when not otherwise provided for herein to the contrary, a failure by Purchase to execute, act, implement, comply or carry out any provision of this Agreement when the provision requires Purchaser to so do) hereunder, any monies paid by Purchaser to Seller shall be kept by Seller and considered by Seller and Purchaser to be full and complete liquidated damages to Seller for Purchaser's default hereunder. Further, Seller shall have no further duty, obligation, financial or otherwise, or liability hereunder to Purchaser.

13. NOTICES

Purchaser may give oral notice, followed by notification in writing, to Seller of the place and Closing Date of this transaction. All other notices (which includes acceptances and consents) given under and pursuant to this Agreement shall be in writing and given by depositing the same in the United States Certified Mail with a request for the return of a receipt showing the name of the recipient and the date of delivery. Notices shall be addressed to the party to be notified at the address first set forth hereinabove. Either party may, from time to time, by five (5) days' prior notice to the other party, specify a different address to which notices shall be sent. Rejection or refusal to accept a notice or inability to deliver a notice because of a changed address of which no notice was given shall be deemed a delivery of the notice on the date when postmarked.

14. ASSIGNMENT

This agreement is personal to Purchaser and may not be transferred or assigned by Purchaser without the prior written consent of Seller

15.

REAL ESTATE BROKERS AND ATTORNEYS Seller represents that it has retained no agent or broker in this transaction. Purchaser warrants that they have retained no broker to represent them in this transaction; however, should Purchaser retain a broker or attorney to represent them, Purchaser covenants and agrees to discharge all financial obligations to such broker or attorney, and further covenants and agrees to indemnify and hold Seller harmless from all claims and liabilities from any such brokers or attorneys.


16. GENERAL PROVISIONS OF THIS AGREEMENT

16.1 All rights, powers and privileges conferred hereunder shall be cumulative and not restrictive of those given by law. 16.2 All time limits stated herein are of the essence of this offer and Agreement. 16.3 If any one or more of the provisions contained herein is for any reason held by a court of competent jurisdiction to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provision hereof, and this Agreement shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein. 16.4 All provisions of this Agreement shall survive the Closing and shall not be merged into either the Deed or any other instruments, documents or pleadings executed by the parties either prior to or at the Closing. This agreement shall expressly survive the closing of the transaction contemplated herein. 16.5 The brief headings or titles preceding each section hereof are for purposes of identification and convenience only and should be disregarded in construing this Agreement. 16.6 This Agreement shall be governed, construed under, performed and enforced in accordance with the laws of Georgia. 16.7 This Agreement is executed in two (2) counterparts (Seller's counterpart and Purchaser's counterpart which are separately numbered and identified but each of which is deemed an original of equal dignity with the other and which is deemed one and the same instrument as the other.

17.

ENTIRE AGREEMENT This Agreement supersedes all prior negotiations, discussions, statements and agreements between Seller and Purchaser and constitutes the full, complete and entire agreement between Seller and Purchaser with respect hereto; no member, officer, employee, agent or representative of Seller or Purchaser has authority to make, or has made, any statement, agreement, representation or contemporaneous agreement, oral or written, in connection herewith, amending, supplementing, modifying, adding to, deleting from, or changing the provisions of this Agreement. No modification of or amendment to this Agreement shall be binding on either Seller or Purchaser unless such modification or amendment is signed by both Seller and Purchaser.


IN WITNESS WHEREOF, Seller, acting by and through its duly authorized officials, and Purchaser have caused this Agreement to be signed and sealed on the date hereof. SELLER:

BOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA

By: _______________________________(Seal) JIM JAMES Vice Chancellor for Facilities Attest: ____________________________(Seal) SANDRA NEUSE Associate Vice Chancellor for Facilities

Signed, and delivered, as to Seller, in our presence: ___________________________________ Unofficial Witness ___________________________________ Official Witness, Notary Public My Commission Expires: ______________ (Notary Public Seal Affixed Here) (Signatures continued next page)


(Continued from Previous Page) PURCHASER: ______________________________________(Seal) Date Purchaser Executed: ______________________ Signed, sealed and delivered, as to Purchaser, in our presence: ___________________________________ Unofficial Witness ___________________________________ Official Witness, Notary Public My Commission Expires: ______________ (Notary Public Seal Affixed Here)


EXHIBIT A Legal Description

TRACT 1 (REVISED): All that tract or parcel of land lying in and being a part of the 230th G.M.D., Oglethorpe County, Georgia, being known and designated as Tract 1 (Revised), containing 262.521 acres, on that survey by Ben McLeroy & Associates, Inc., dated February 24, 2014, last revised October 2, 2014, for University of Georgia Wilkins Farm, said Tract 1 being more particularly described as follows: BEGINNING at the point of intersection formed by the centerline of Dry Fork Creek and the northerly right of way (R/W) line of U.S. 78 Highway (Washington Road) (R/W width varies), said point having State Plane (1001 Georgia East Zone) coordinates of 1,382,577.3301 North and 409,955.8484 East, run thence along said northerly R/W line of U.S. 78 Highway the following courses and distances: (i) South 83 degrees 56 minutes 50 seconds West 89.32 feet to a point, (ii) South 06 degrees 03 minutes 10 seconds East 60.00 feet to a point, ( iii) South 83 degrees 56 minutes 50 seconds West 2870.11 feet to a point, (iv) an arc measurement of 645.80 feet around a curve having clockwise rotation and a radius of 3379.87 feet, the chord measurement thereof being South 89 degrees 25 minutes 16 seconds West 644.82 feet to a point, (v) North 85 degrees 06 minutes 18 seconds West 1563.69 feet to a point, (vi) an arc measurement of 1125.18 feet around a curve having clockwise rotation and a radius of 5499.70 feet, the chord measurement thereof being North 79 degrees 14 minutes 38 seconds West 1123.22 feet to a point, and (vii) North 73 degrees 22 minutes 59 seconds West 1566.94 feet to a ½ inch reinforcing rod (RR) set; leaving said R/W line, run thence along property of Glades Woodland Farms LLC the following courses and distances: (i) North 44 degrees 07 minutes 47 seconds East 74.33 feet to a 2 inch pipe found, (ii) South 84 degrees 40 minutes 51 seconds East 333.53 feet to a ½ inch RR set, (iii) South 78 degrees 16 minutes 56 seconds East 1979.06 feet to a ½ inch RR found at a 1.25 inch pipe, (iv) North 88 degrees 54 minutes 54 seconds East 968.86 feet to a 1.25 inch pipe found, and (v) North 1 degree 52 minutes 37 seconds West 1137.53 feet to a point in the centerline of a branch; run thence along the centerline of said branch the following courses and distances: (i) North 66 degrees 12 minutes 07 seconds East 75.48 feet to a point, (ii) North 71 degrees 40 minutes 45 seconds East 137.01 feet to a point, (iii) South 63 degrees 40 minutes 36 seconds East 56.93 feet to a point, (iv) North 1 degree 33 minutes 17 seconds East 43.95 feet to a point, (v) North 57 degrees 58 minutes 48 seconds East 66.76 feet to a point, (vi) North 75 degrees 12 minutes 41 seconds East 66.76 feet to a point, (vii) North 54 degrees 35 minutes 03 seconds East 48.06 feet to a point, (viii) North 66 degrees 35 minutes 45 seconds East 48.20 feet to a point, (ix) South 79 degrees 21 minutes 19 seconds East 34.44 feet to a point, (x) South 79 degrees 26 minutes 34 seconds East 72.81 feet to a point, (xi) North 81 degrees 21 minutes 21 seconds East 140.86 feet to a point, (xii) North 44 degrees 08 minutes 13 seconds East 182.57 feet to a point, (xiii) North 61 degrees 21 minutes 18 seconds East 61.04 feet to a point, (xiv) North 63 degrees 07 minutes 33 seconds East 142.91 feet to a point, and (xv) North 43 degrees 44 minutes 22 seconds East 90.60 feet to a 1.5 inch pipe; leaving said branch centerline, run thence along property of Glades Woodland Farms LLC the following courses and distances: (i) North 6 degrees 9 minutes 46 seconds East 754.53 feet to a point in swamp, (ii) North 41 degrees 00 minutes 37 seconds East 164.24 feet to a ½ inch RR set at a 1.5 inch pipe found, (iii) North 10 degrees 45 minutes 48 seconds East 660.18 feet to a 1.5 inch pipe found, (iv) North 47 degrees 29 minutes 54 seconds East 498.08 feet to a ½ inch RR set at a ½ inch RR found, (v) South 46 degrees 35 minutes 34 seconds East 2094.86 feet to a 1 inch RR found, (vi) South 41 degrees 28 minutes 31 seconds East 1793.71 feet to a 1 inch RR found, (vii) North 86 degrees 38 minutes 05 seconds East 50.24 feet to a ½ inch RR set, and (viii) North 86 degrees 38 minutes 05 seconds East 40.00 feet to a point in the centerline of Dry Fork Creek; run thence along the centerline of Dry Fork Creek and along property of Kent D. and Doris L. Cochran the following courses and distances: (i) South 5 degrees 49 minutes 1 second East 99.61 feet to a point, (ii) South 15 degrees 57 minutes 41 seconds East 108.83 feet to a point, (iii) South 24 degrees 11 minutes 27 seconds West 156.30 feet to a point, (iv) South 22 degrees 14 minutes 39 seconds West 77.73


feet to a point, (v) South 14 degrees 39 minutes 41 seconds East 118.47 feet to a point, (vi) South 7 degrees 58 minutes 38 seconds East 145.10 feet to a point, and (vii) South 36 degrees 10 minutes 07 seconds West 94.87 feet to the POINT OF BEGINNING for Tract 1. All directions recited herein are referenced to Grid North (1001 Georgia East). TRACT 2 (REVISED): All that tract or parcel of land lying in and being a part of the 230th G.M.D., Oglethorpe County, Georgia, being known and designated as Tract 2 (Revised), containing 540.610 acres, on that survey by Ben McLeroy & Associates, Inc., dated February 24, 2014, last revised October 2, 2014, for University of Georgia Wilkins Farm, said Tract 2 being more particularly described as follows: BEGINNING at the point of intersection formed by the centerline of Dry Fork Creek and the northerly right of way (R/W) line of U.S. 78 Highway (Washington Road) (R/W width varies), said point having State Plane (1001 Georgia East Zone) coordinates of 1,382,577.3301 North and 409,955.8484 East, run thence South 19 degrees 34 minutes 43 seconds West 206.49 feet to a point situated at the point of intersection formed by the centerline of Dry Fork Creek and the southerly R/W line of U.S. 78 Highway, said point being the TRUE POINT OF BEGINNING for Tract 2; run thence along said centerline of Dry Fork Creek the following courses and distances: (i) South 61 degrees 59 minutes 21 seconds West 26.07 feet to a point, (ii) South 32 degrees 56 minutes 5 seconds West 94.80 feet to a point, (iii) South 28 degrees 1 minute 46 seconds West 102.02 feet to a point, (iv) South 58 degrees 50 minutes 08 seconds West 120.33 feet to a point, (v) South 39 degrees 32 minutes 18 seconds East 113.85 feet to a point, (vi) South 74 degrees 6 minutes 2 seconds East 150.83 feet to a point, (vii) South 29 degrees 6 minutes 31 seconds West 112.27 feet to a point, (viii) South 20 degrees 50 minutes 21 seconds East 96.62 feet to a point, (ix) South 58 degrees 19 minutes 30 seconds West 290.77 feet to a point, (x) South 8 degrees 50 minutes 13 seconds East 171.78 feet to a point, (xi) South 26 degrees 43 minutes 32 seconds West 159.09 feet to a point, (xii) South 78 degrees 52 minutes 49 seconds West 118.46 feet to a point, (xiii) North 59 degrees 20 minutes 54 seconds West 111.33 feet to a point, (xiv) South 80 degrees 12 minutes 39 seconds West 43.92 feet to a point, (xv) South 14 degrees 35 minutes 13 seconds West 101.42 feet to a point, (xvi) South 29 degrees 44 minutes 12 seconds East 94.18 feet to a point, (xvii) South 41 degrees 06 minutes 29 seconds East 195.93 feet to a point, (xviii) South 46 degrees 37 minutes 37 seconds West 89.75 feet to a point, (xix) South 36 degrees 21 minutes 40 seconds West 121.21 feet to a point, (xx) South 26 degrees 24 minutes 0 seconds West 57.55 feet to a point, (xxi) South 8 degrees 33 minutes 43 seconds West 162.70 feet to a point, (xxii) South 40 degrees 3 minutes 11 seconds East 153.20 feet to a point, (xxiii) South 5 degrees 25 minutes 33 seconds East 58.33 feet to a point, (xxiv) South 70 degrees 15 minutes 37 seconds West 183.72 feet to a point, (xxv) South 36 degrees 40 minutes 36 seconds West 174.23 feet to a point, (xxvi) South 23 degrees 34 minutes 28 seconds West 312.01 feet to a point, (xxvii) South 10 degrees 38 minutes 6 seconds East 144.30 feet to a point, (xxviii) South 63 degrees 18 minutes 44 seconds East 253.00 feet to a point, (xxix) South 45 degrees 40 minutes 37 seconds East 45.85 feet to a point, (xxx) South 15 degrees 9 minutes 23 seconds West 68.23 feet to a point, (xxxi) North 83 degrees 27 minutes 41 seconds West 56.66 feet to a point, (xxxii) North 85 degrees 39 minutes 52 seconds West 241.53 feet to a point, (xxxiii) South 6 degrees 12 minutes 2 seconds West 139.86 feet to a point, (xxxiv) South 29 degrees 54 minutes 49 seconds West 132.69 feet to a point, (xxxv) South 4 degrees 3 minutes 2 seconds West 175.22 feet to a point, (xxxvi) South 44 degrees 12 minutes 10 seconds West 210.44 feet to a point, (xxxvii) South 18 degrees 8 minutes 23 seconds West 111.84 feet to a point, (xxxviii) South 52 degrees 31 minutes 25 seconds West 113.64 feet to a point, (xxxix) North 4 degrees 9 minutes 31 seconds West 85.73 feet to a point, (xl) North 43 degrees 51 minutes 48 seconds West 146.26 feet to a point, (xli) South 40 degrees 11 minutes 58 seconds West 56.70 feet to a point, (xlii) South 55 degrees 54 minutes 50 seconds West 107.04 feet to a point, (xliii) South 86 degrees 46 minutes 36 seconds West 144.02 feet to a point, (xliv) South 43 degrees 59 minutes 15 seconds West 121.49 feet to a point, (xlv) South 55 degrees 32 minutes 30 seconds West 193.54 feet to a point, (xlvi) South 81 degrees 9 minutes 45 seconds West 261.25 feet to a point, (xlvii) South 66 degrees 49 minutes 25 seconds West 106.74 feet to a point, (xlviii) South 58 degrees 59 minutes 25 seconds West 149.41 feet to a point, and (xlix) South 42


degrees 44 minutes 11 seconds West 245.92 feet to a point; leaving said creek centerline, run thence along property of Glades Woodland Farms LLC the following courses and distances: (i) South 89 degrees 5 minutes 7 seconds West 15.43 feet to a ½ inch RR set, (ii) South 89 degrees 5 minutes 7 seconds West 1115.60 feet to a 1.5 inch pipe found, (iii) North 77 degrees 25 minutes 37 seconds West 824.84 feet to a 1.5 inch pipe found, and (iv) North 81 degrees 5 minutes 55 seconds West 229.42 feet to a 1.5 inch buggy axle found; thence South 74 degrees 42 minutes 53 seconds West 277.11 feet along property of Verrico and Stich, Trustees of J. James to a ½ inch RR found in a 4 inch square concrete monument; run thence along property of Thomas C. Thaxton the following courses and distances: (i) North 45 degrees 2 minutes 30 seconds West 3137.16 feet to a ½ inch pipe found, (ii) North 27 degrees 17 minutes 5 seconds West 359.18 feet to a 1/2 inch pipe found, (iii) North 49 degrees 34 minutes 45 seconds West 369.79 feet to a ½ inch pipe found, (iv) North 86 degrees 31 minutes 41 seconds West 594.82 feet to a 1.5 inch axle found, (v) South 53 degrees 25 minutes 17 seconds West 374.41 feet to a ½ inch RR set, and (vi) South 53 degrees 25 minutes 17 seconds West 20.00 feet to a point situated in the centerline of Will Wynne Road (30 feet wide ditch to ditch, gravel and county maintained); run thence along the centerline of Will Wynne Road and along property of Donald L. and Mark S. Poss an arc measurement of 514.64 feet around a curve having clockwise rotation and a radius of 4012.10 feet, the chord measurement thereof being North 19 degrees 46 minutes 39 seconds West 514.29 feet to a point; run thence along the centerline of said road and along property of D.O. Overstreet LLC the following courses and distances: (i) an arc measurement of 340.43 feet around a curve having clockwise rotation and a radius of 324.80 feet, the chord measurement thereof being North 13 degrees 55 minutes 26 seconds East 325.06 feet to a point, (ii) North 43 degrees 57 minutes 1 second East 793.90 feet to a point, (iii) an arc measurement of 486.17 feet around a curve having counterclockwise rotation and a radius of 2348.97 feet, the chord measurement thereof being North 38 degrees 1 minute 16 seconds East 485.30 feet to a point, and (iv) North 32 degrees 5 minutes 30 seconds East 18.91 feet to a point situated at the intersection of the centerline of Will Wynne Road with the southerly R/W line of U.S. 78 Highway (80 foot wide R/W); run thence along the southerly R/W line of U.S. 78 Highway the following courses and distances: (i) South 73 degrees 22 minutes 59 seconds East 1693.76 feet to a point, (ii) an arc measurement of 1141.55 seconds around a curve having counterclockwise rotation and a radius of 5579.70 feet, the chord measurement thereof being South 79 degrees 14 minutes 38 seconds East 1139.56 feet to a point, (iii) South 85 degrees 6 minutes 18 seconds East 1563.69 feet to a point, (iv) an arc measurement of 661.09 feet around a curve having counterclockwise rotation and a radius of 3459.87 feet, the chord measurement thereof being North 89 degrees 25 minutes 16 seconds East 660.09 feet to a point, (v) North 83 degrees 56 minutes 50 seconds East 2870.11 feet to a point, and (vi) South 6 degrees 3 minutes 10 seconds East 46.17 feet to the TRUE POINT OF BEGINNING for Tract 2. All directions recited herein are referenced to Grid North (1001 Georgia East Zone). TRACT 3 (REVISED): All that tract or parcel of land lying in and being a part of the 168th G.M.D., Wilkes County, Georgia, being known and designated as Tract 3 (Revised), containing 61.554 acres, on that survey by Ben McLeroy & Associates, Inc., dated February 24, 2014, last revised February 6, 2015, for University of Georgia Wilkins Farm, said Tract 3 being more particularly described as follows: BEGINNING at the point of intersection formed by the centerline of Dry Fork Creek and the northerly right of way (R/W) line of U.S. 78 Highway (Washington Road) (R/W width varies), said point having State Plane (1001 Georgia East Zone) coordinates of 1,382,577.3301 North and 409,955.8484 East, run thence South 19 degrees 34 minutes 43 seconds West 206.49 feet to a point situated at the point of intersection formed by the centerline of Dry Fork Creek and the southerly R/W line of U.S. 78 Highway, said point being the TRUE POINT OF BEGINNING for Tract 3; run thence along the southerly R/W line of U.S. 78 Highway the following courses and distances: (i) South 6 degrees 3 minutes 10 seconds East 13.83 feet to a point, (ii) North 83 degrees 56 minutes 50 seconds East 180.00 feet to a point, (iii) North 6 degrees 3 minutes 10 seconds West 50.00 feet to a point, (iv) North 83 degrees 56 minutes 50 seconds East 764.91 feet to a point, and (v) an arc measurement of 329.01 feet around a curve


having clockwise rotation and a radius of 2705.18 feet, the chord measurement thereof being North 87 degrees 25 minutes 53 seconds East 328.81 feet to a point, (vi) South 0 degrees 54 minutes 39 seconds West 20.77 feet to a point, (vii) an arc measurement of 311.57 feet around a curve having clockwise rotation and a radius of 2730.00 feet, the chord measurement thereof being South 85 degrees 49 minutes 11 seconds East 311.40 feet to a point, (viii) South 82 degrees 33 minutes 00 seconds East 380.44 feet to a point, (ix) South 07 degrees 27 minutes 00 seconds West 15.00 feet to a point, (x) South 82 degrees 33 minutes 00 seconds East 600.00 feet to a point, (xi) North 07 degrees 27 minutes 00 seconds East 20.00 feet to a point, (xii) South 82 degrees 33 minutes 00 seconds East 650.00 feet to a point, (xiii) South 07 degrees 27 minutes 00 seconds West 10.00 feet to a point, and (xiv) South 82 degrees 33 minutes 00 seconds East 19.12 feet to a 1/2 inch reinforcing rod (RR) set; leaving said R/W line, run thence along the centerline of an old road bed and along property of Caloga Family Farms LLC South 38 degrees 37 minutes 55 seconds West 1751.04 feet to a ½ inch pipe found; thence North 47 degrees 23 minutes 31 seconds West 478.48 feet to a 1.5 inch angle iron found; run thence along property of Nancy T. Jones Estate the following courses and distances: (i) North 47 degrees 23 minutes 31 seconds West 644.00 feet to a 4 inch concrete monument found, (ii) North 75 degrees 23 minutes 34 seconds West 645.36 feet to a ½ inch RR found, (iii) North 75 degrees 23 minutes 34 seconds West 410.94 feet to a 4 inch concrete monument found, (iv) North 68 degrees 18 minutes 56 seconds West 240.25 feet to a 4 inch concrete monument found, and (v) South 80 degrees 51 minutes 23 seconds West 53.37 feet to a point situated in the centerline of Dry Fork Creek; run thence along the centerline of Dry Fork Creek the following courses and distances: (i) North 74 degrees 6 minutes 2 seconds West 150.83 feet to a point, (ii) North 39 degrees 32 minutes 18 seconds West 113.85 feet to a point, (iii) North 58 degrees 50 minutes 8 seconds East 120.33 feet to a point, (iv) North 28 degrees 1 minute 46 seconds East 102.02 feet to a point, (v) North 32 degrees 56 minutes 5 seconds East 94.80 feet to a point, and (vi) North 61 degrees 59 minutes 21 seconds East 26.07 feet to the TRUE POINT OF BEGINNING for Tract 3. All directions recited herein are referenced to Grid North (1001 Georgia East Zone).


FORM OF DEED After Recording Return to: __________________________ __________________________ __________________________ STATE OF GEORGIA, COUNTY OF ________________:

FEE SIMPLE DEED WITHOUT WARRANTY

(Improved Real Property)

THIS INDENTURE, hereinafter referred to as "Deed", is made this day of ________,

______, by and between the BOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF

GEORGIA (“Regents”), 270 Washington Street, Atlanta, Georgia 30334, party of the first part,

hereinafter called "Grantor," and __________________________________________________,

party of the second part, hereinafter called "Grantee," (the words "Grantor" and "Grantee" to

include their respective heirs, successors and assigns where the context requires or permits).


W I T N E S S E T H T H A T:

WHEREAS, Regents is the owner of certain improved real property lying and being in

Land Lot No. ____, ____ Land District, _____________ County, Georgia, commonly known as

the address of _______________________, within the City of _______________________,

Georgia (hereinafter the “Property”), in the custody of __________________________, a unit of

the University System of Georgia, more particularly described on Exhibit A attached hereto and

incorporated herein; and

WHEREAS, Regents, at its regular meeting held in Atlanta, Georgia, on _____________,

declared its interest in the Property no longer advantageously useful to _____________________

or other units of the University System of Georgia, but only to the extent and for the purpose of

allowing any interest in the Property to be quitclaimed to Grantee for the benefit of

_____________________________ and the University System of Georgia;

NOW, THEREFORE, Grantor, for and in consideration of the payment of

___________________________________________________ DOLLARS ($ _____________ )

in hand paid at and before the sealing and delivery of these presents, the receipt and sufficiency

of which is hereby acknowledged, has bargained, sold, granted, aliened, conveyed and

confirmed, and by these presents does hereby bargain, sell, grant, alien, convey and confirm unto

Grantee the Property which is more particularly described in the legal description marked

EXHIBIT "A" attached hereto.

TO HAVE AND TO HOLD the Property, with all and singular the rights, members and

appurtenances thereof, to the same being, belonging or in anywise appertaining, to the only

proper use, benefit and behoof of Grantee forever in FEE SIMPLE, without warranty of any

type, kind or nature whatsoever.


IN WITNESS WHEREOF, Grantor, acting by and through its duly authorized

officials, has caused this Deed to be signed in its name with its official seal affixed hereto, and

approved by the Governor of the State of Georgia pursuant to O.C.G.A. § 20-3-60(a), on the day,

month and year first above written.

GRANTOR:

BOARD OF REGENTS OF THE UNIVERSITY SYSTEM OF GEORGIA

By: _______________________________(Seal) JIM JAMES Vice Chancellor for Facilities Attest: ____________________________(Seal) NELS PETERSON Secretary to the Board

(Board of Regents Seal Affixed Here) Signed, sealed and delivered, as to Seller, in our presence: ___________________________________ Unofficial Witness ___________________________________ Official Witness, Notary Public My Commission Expires: ______________ (Notary Public Seal Affixed Here)

(Signatures continued next page)


STATE OF GEORGIA:

By: ____________________________(Seal) NATHAN DEAL Governor Attest: _________________________(Seal) BRIAN P. KEMP Secretary of State

(Great Seal of the State of Georgia) Signed, sealed and delivered, in our presence: ___________________________________ Unofficial Witness ___________________________________ Official Witness, Notary Public My Commission Expires: ______________ (Notary Public Seal Affixed Here)


EXHIBIT A Legal Description

TRACT 1 (REVISED): All that tract or parcel of land lying in and being a part of the 230th G.M.D., Oglethorpe County, Georgia, being known and designated as Tract 1 (Revised), containing 262.521 acres, on that survey by Ben McLeroy & Associates, Inc., dated February 24, 2014, last revised October 2, 2014, for University of Georgia Wilkins Farm, said Tract 1 being more particularly described as follows: BEGINNING at the point of intersection formed by the centerline of Dry Fork Creek and the northerly right of way (R/W) line of U.S. 78 Highway (Washington Road) (R/W width varies), said point having State Plane (1001 Georgia East Zone) coordinates of 1,382,577.3301 North and 409,955.8484 East, run thence along said northerly R/W line of U.S. 78 Highway the following courses and distances: (i) South 83 degrees 56 minutes 50 seconds West 89.32 feet to a point, (ii) South 06 degrees 03 minutes 10 seconds East 60.00 feet to a point, ( iii) South 83 degrees 56 minutes 50 seconds West 2870.11 feet to a point, (iv) an arc measurement of 645.80 feet around a curve having clockwise rotation and a radius of 3379.87 feet, the chord measurement thereof being South 89 degrees 25 minutes 16 seconds West 644.82 feet to a point, (v) North 85 degrees 06 minutes 18 seconds West 1563.69 feet to a point, (vi) an arc measurement of 1125.18 feet around a curve having clockwise rotation and a radius of 5499.70 feet, the chord measurement thereof being North 79 degrees 14 minutes 38 seconds West 1123.22 feet to a point, and (vii) North 73 degrees 22 minutes 59 seconds West 1566.94 feet to a ½ inch reinforcing rod (RR) set; leaving said R/W line, run thence along property of Glades Woodland Farms LLC the following courses and distances: (i) North 44 degrees 07 minutes 47 seconds East 74.33 feet to a 2 inch pipe found, (ii) South 84 degrees 40 minutes 51 seconds East 333.53 feet to a ½ inch RR set, (iii) South 78 degrees 16 minutes 56 seconds East 1979.06 feet to a ½ inch RR found at a 1.25 inch pipe, (iv) North 88 degrees 54 minutes 54 seconds East 968.86 feet to a 1.25 inch pipe found, and (v) North 1 degree 52 minutes 37 seconds West 1137.53 feet to a point in the centerline of a branch; run thence along the centerline of said branch the following courses and distances: (i) North 66 degrees 12 minutes 07 seconds East 75.48 feet to a point, (ii) North 71 degrees 40 minutes 45 seconds East 137.01 feet to a point, (iii) South 63 degrees 40 minutes 36 seconds East 56.93 feet to a point, (iv) North 1 degree 33 minutes 17 seconds East 43.95 feet to a point, (v) North 57 degrees 58 minutes 48 seconds East 66.76 feet to a point, (vi) North 75 degrees 12 minutes 41 seconds East 66.76 feet to a point, (vii) North 54 degrees 35 minutes 03 seconds East 48.06 feet to a point, (viii) North 66 degrees 35 minutes 45 seconds East 48.20 feet to a point, (ix) South 79 degrees 21 minutes 19 seconds East 34.44 feet to a point, (x) South 79 degrees 26 minutes 34 seconds East 72.81 feet to a point, (xi) North 81 degrees 21 minutes 21 seconds East 140.86 feet to a point, (xii) North 44 degrees 08 minutes 13 seconds East 182.57 feet to a point, (xiii) North 61 degrees 21 minutes 18 seconds East 61.04 feet to a point, (xiv) North 63 degrees 07 minutes 33 seconds East 142.91 feet to a point, and (xv) North 43 degrees 44 minutes 22 seconds East 90.60 feet to a 1.5 inch pipe; leaving said branch centerline, run thence along property of Glades Woodland Farms LLC the following courses and distances: (i) North 6 degrees 9 minutes 46 seconds East 754.53 feet to a point in swamp, (ii) North 41 degrees 00 minutes 37 seconds East 164.24 feet to a ½ inch RR set at a 1.5 inch pipe found, (iii) North 10 degrees 45 minutes 48 seconds East 660.18 feet to a 1.5 inch pipe found, (iv) North 47 degrees 29 minutes 54 seconds East 498.08 feet to a ½ inch RR set at a ½ inch RR found, (v) South 46 degrees 35 minutes 34 seconds East 2094.86 feet to a 1 inch RR found, (vi) South 41 degrees 28 minutes 31 seconds East 1793.71 feet to a 1 inch RR found, (vii) North 86 degrees 38 minutes 05 seconds East 50.24 feet to a ½ inch RR set, and (viii) North 86 degrees 38 minutes 05 seconds East 40.00 feet to a point in the centerline of Dry Fork Creek; run thence along the centerline of Dry Fork Creek and along property of Kent D. and Doris L. Cochran the following courses and distances: (i) South 5 degrees 49 minutes 1 second East 99.61 feet to a point, (ii) South 15 degrees 57 minutes 41 seconds East 108.83 feet to a point, (iii) South 24 degrees 11 minutes 27


seconds West 156.30 feet to a point, (iv) South 22 degrees 14 minutes 39 seconds West 77.73 feet to a point, (v) South 14 degrees 39 minutes 41 seconds East 118.47 feet to a point, (vi) South 7 degrees 58 minutes 38 seconds East 145.10 feet to a point, and (vii) South 36 degrees 10 minutes 07 seconds West 94.87 feet to the POINT OF BEGINNING for Tract 1. All directions recited herein are referenced to Grid North (1001 Georgia East). TRACT 2 (REVISED): All that tract or parcel of land lying in and being a part of the 230th G.M.D., Oglethorpe County, Georgia, being known and designated as Tract 2 (Revised), containing 540.610 acres, on that survey by Ben McLeroy & Associates, Inc., dated February 24, 2014, last revised October 2, 2014, for University of Georgia Wilkins Farm, said Tract 2 being more particularly described as follows: BEGINNING at the point of intersection formed by the centerline of Dry Fork Creek and the northerly right of way (R/W) line of U.S. 78 Highway (Washington Road) (R/W width varies), said point having State Plane (1001 Georgia East Zone) coordinates of 1,382,577.3301 North and 409,955.8484 East, run thence South 19 degrees 34 minutes 43 seconds West 206.49 feet to a point situated at the point of intersection formed by the centerline of Dry Fork Creek and the southerly R/W line of U.S. 78 Highway, said point being the TRUE POINT OF BEGINNING for Tract 2; run thence along said centerline of Dry Fork Creek the following courses and distances: (i) South 61 degrees 59 minutes 21 seconds West 26.07 feet to a point, (ii) South 32 degrees 56 minutes 5 seconds West 94.80 feet to a point, (iii) South 28 degrees 1 minute 46 seconds West 102.02 feet to a point, (iv) South 58 degrees 50 minutes 08 seconds West 120.33 feet to a point, (v) South 39 degrees 32 minutes 18 seconds East 113.85 feet to a point, (vi) South 74 degrees 6 minutes 2 seconds East 150.83 feet to a point, (vii) South 29 degrees 6 minutes 31 seconds West 112.27 feet to a point, (viii) South 20 degrees 50 minutes 21 seconds East 96.62 feet to a point, (ix) South 58 degrees 19 minutes 30 seconds West 290.77 feet to a point, (x) South 8 degrees 50 minutes 13 seconds East 171.78 feet to a point, (xi) South 26 degrees 43 minutes 32 seconds West 159.09 feet to a point, (xii) South 78 degrees 52 minutes 49 seconds West 118.46 feet to a point, (xiii) North 59 degrees 20 minutes 54 seconds West 111.33 feet to a point, (xiv) South 80 degrees 12 minutes 39 seconds West 43.92 feet to a point, (xv) South 14 degrees 35 minutes 13 seconds West 101.42 feet to a point, (xvi) South 29 degrees 44 minutes 12 seconds East 94.18 feet to a point, (xvii) South 41 degrees 06 minutes 29 seconds East 195.93 feet to a point, (xviii) South 46 degrees 37 minutes 37 seconds West 89.75 feet to a point, (xix) South 36 degrees 21 minutes 40 seconds West 121.21 feet to a point, (xx) South 26 degrees 24 minutes 0 seconds West 57.55 feet to a point, (xxi) South 8 degrees 33 minutes 43 seconds West 162.70 feet to a point, (xxii) South 40 degrees 3 minutes 11 seconds East 153.20 feet to a point, (xxiii) South 5 degrees 25 minutes 33 seconds East 58.33 feet to a point, (xxiv) South 70 degrees 15 minutes 37 seconds West 183.72 feet to a point, (xxv) South 36 degrees 40 minutes 36 seconds West 174.23 feet to a point, (xxvi) South 23 degrees 34 minutes 28 seconds West 312.01 feet to a point, (xxvii) South 10 degrees 38 minutes 6 seconds East 144.30 feet to a point, (xxviii) South 63 degrees 18 minutes 44 seconds East 253.00 feet to a point, (xxix) South 45 degrees 40 minutes 37 seconds East 45.85 feet to a point, (xxx) South 15 degrees 9 minutes 23 seconds West 68.23 feet to a point, (xxxi) North 83 degrees 27 minutes 41 seconds West 56.66 feet to a point, (xxxii) North 85 degrees 39 minutes 52 seconds West 241.53 feet to a point, (xxxiii) South 6 degrees 12 minutes 2 seconds West 139.86 feet to a point, (xxxiv) South 29 degrees 54 minutes 49 seconds West 132.69 feet to a point, (xxxv) South 4 degrees 3 minutes 2 seconds West 175.22 feet to a point, (xxxvi) South 44 degrees 12 minutes 10 seconds West 210.44 feet to a point, (xxxvii) South 18 degrees 8 minutes 23 seconds West 111.84 feet to a point, (xxxviii) South 52 degrees 31 minutes 25 seconds West 113.64 feet to a point, (xxxix) North 4 degrees 9 minutes 31 seconds West 85.73 feet to a point, (xl) North 43 degrees 51 minutes 48 seconds West 146.26 feet to a point, (xli) South 40 degrees 11 minutes 58 seconds West 56.70 feet to a point, (xlii) South 55 degrees 54 minutes 50 seconds West 107.04 feet to a point, (xliii) South 86 degrees 46 minutes 36 seconds West 144.02 feet to a point, (xliv) South 43 degrees 59 minutes 15 seconds West 121.49 feet to a point, (xlv) South 55 degrees 32 minutes 30 seconds West 193.54 feet to a point, (xlvi) South 81 degrees 9 minutes 45 seconds West 261.25


feet to a point, (xlvii) South 66 degrees 49 minutes 25 seconds West 106.74 feet to a point, (xlviii) South 58 degrees 59 minutes 25 seconds West 149.41 feet to a point, and (xlix) South 42 degrees 44 minutes 11 seconds West 245.92 feet to a point; leaving said creek centerline, run thence along property of Glades Woodland Farms LLC the following courses and distances: (i) South 89 degrees 5 minutes 7 seconds West 15.43 feet to a ½ inch RR set, (ii) South 89 degrees 5 minutes 7 seconds West 1115.60 feet to a 1.5 inch pipe found, (iii) North 77 degrees 25 minutes 37 seconds West 824.84 feet to a 1.5 inch pipe found, and (iv) North 81 degrees 5 minutes 55 seconds West 229.42 feet to a 1.5 inch buggy axle found; thence South 74 degrees 42 minutes 53 seconds West 277.11 feet along property of Verrico and Stich, Trustees of J. James to a ½ inch RR found in a 4 inch square concrete monument; run thence along property of Thomas C. Thaxton the following courses and distances: (i) North 45 degrees 2 minutes 30 seconds West 3137.16 feet to a ½ inch pipe found, (ii) North 27 degrees 17 minutes 5 seconds West 359.18 feet to a 1/2 inch pipe found, (iii) North 49 degrees 34 minutes 45 seconds West 369.79 feet to a ½ inch pipe found, (iv) North 86 degrees 31 minutes 41 seconds West 594.82 feet to a 1.5 inch axle found, (v) South 53 degrees 25 minutes 17 seconds West 374.41 feet to a ½ inch RR set, and (vi) South 53 degrees 25 minutes 17 seconds West 20.00 feet to a point situated in the centerline of Will Wynne Road (30 feet wide ditch to ditch, gravel and county maintained); run thence along the centerline of Will Wynne Road and along property of Donald L. and Mark S. Poss an arc measurement of 514.64 feet around a curve having clockwise rotation and a radius of 4012.10 feet, the chord measurement thereof being North 19 degrees 46 minutes 39 seconds West 514.29 feet to a point; run thence along the centerline of said road and along property of D.O. Overstreet LLC the following courses and distances: (i) an arc measurement of 340.43 feet around a curve having clockwise rotation and a radius of 324.80 feet, the chord measurement thereof being North 13 degrees 55 minutes 26 seconds East 325.06 feet to a point, (ii) North 43 degrees 57 minutes 1 second East 793.90 feet to a point, (iii) an arc measurement of 486.17 feet around a curve having counterclockwise rotation and a radius of 2348.97 feet, the chord measurement thereof being North 38 degrees 1 minute 16 seconds East 485.30 feet to a point, and (iv) North 32 degrees 5 minutes 30 seconds East 18.91 feet to a point situated at the intersection of the centerline of Will Wynne Road with the southerly R/W line of U.S. 78 Highway (80 foot wide R/W); run thence along the southerly R/W line of U.S. 78 Highway the following courses and distances: (i) South 73 degrees 22 minutes 59 seconds East 1693.76 feet to a point, (ii) an arc measurement of 1141.55 seconds around a curve having counterclockwise rotation and a radius of 5579.70 feet, the chord measurement thereof being South 79 degrees 14 minutes 38 seconds East 1139.56 feet to a point, (iii) South 85 degrees 6 minutes 18 seconds East 1563.69 feet to a point, (iv) an arc measurement of 661.09 feet around a curve having counterclockwise rotation and a radius of 3459.87 feet, the chord measurement thereof being North 89 degrees 25 minutes 16 seconds East 660.09 feet to a point, (v) North 83 degrees 56 minutes 50 seconds East 2870.11 feet to a point, and (vi) South 6 degrees 3 minutes 10 seconds East 46.17 feet to the TRUE POINT OF BEGINNING for Tract 2. All directions recited herein are referenced to Grid North (1001 Georgia East Zone). TRACT 3 (REVISED): All that tract or parcel of land lying in and being a part of the 168th G.M.D., Wilkes County, Georgia, being known and designated as Tract 3 (Revised), containing 61.554 acres, on that survey by Ben McLeroy & Associates, Inc., dated February 24, 2014, last revised February 6, 2015, for University of Georgia Wilkins Farm, said Tract 3 being more particularly described as follows: BEGINNING at the point of intersection formed by the centerline of Dry Fork Creek and the northerly right of way (R/W) line of U.S. 78 Highway (Washington Road) (R/W width varies), said point having State Plane (1001 Georgia East Zone) coordinates of 1,382,577.3301 North and 409,955.8484 East, run thence South 19 degrees 34 minutes 43 seconds West 206.49 feet to a point situated at the point of intersection formed by the centerline of Dry Fork Creek and the southerly R/W line of U.S. 78 Highway, said point being the TRUE POINT OF BEGINNING for Tract 3; run thence along the southerly R/W line of U.S. 78 Highway the following courses and distances: (i) South 6 degrees 3 minutes 10 seconds East 13.83 feet to a


point, (ii) North 83 degrees 56 minutes 50 seconds East 180.00 feet to a point, (iii) North 6 degrees 3 minutes 10 seconds West 50.00 feet to a point, (iv) North 83 degrees 56 minutes 50 seconds East 764.91 feet to a point, and (v) an arc measurement of 329.01 feet around a curve having clockwise rotation and a radius of 2705.18 feet, the chord measurement thereof being North 87 degrees 25 minutes 53 seconds East 328.81 feet to a point, (vi) South 0 degrees 54 minutes 39 seconds West 20.77 feet to a point, (vii) an arc measurement of 311.57 feet around a curve having clockwise rotation and a radius of 2730.00 feet, the chord measurement thereof being South 85 degrees 49 minutes 11 seconds East 311.40 feet to a point, (viii) South 82 degrees 33 minutes 00 seconds East 380.44 feet to a point, (ix) South 07 degrees 27 minutes 00 seconds West 15.00 feet to a point, (x) South 82 degrees 33 minutes 00 seconds East 600.00 feet to a point, (xi) North 07 degrees 27 minutes 00 seconds East 20.00 feet to a point, (xii) South 82 degrees 33 minutes 00 seconds East 650.00 feet to a point, (xiii) South 07 degrees 27 minutes 00 seconds West 10.00 feet to a point, and (xiv) South 82 degrees 33 minutes 00 seconds East 19.12 feet to a 1/2 inch reinforcing rod (RR) set; leaving said R/W line, run thence along the centerline of an old road bed and along property of Caloga Family Farms LLC South 38 degrees 37 minutes 55 seconds West 1751.04 feet to a ½ inch pipe found; thence North 47 degrees 23 minutes 31 seconds West 478.48 feet to a 1.5 inch angle iron found; run thence along property of Nancy T. Jones Estate the following courses and distances: (i) North 47 degrees 23 minutes 31 seconds West 644.00 feet to a 4 inch concrete monument found, (ii) North 75 degrees 23 minutes 34 seconds West 645.36 feet to a ½ inch RR found, (iii) North 75 degrees 23 minutes 34 seconds West 410.94 feet to a 4 inch concrete monument found, (iv) North 68 degrees 18 minutes 56 seconds West 240.25 feet to a 4 inch concrete monument found, and (v) South 80 degrees 51 minutes 23 seconds West 53.37 feet to a point situated in the centerline of Dry Fork Creek; run thence along the centerline of Dry Fork Creek the following courses and distances: (i) North 74 degrees 6 minutes 2 seconds West 150.83 feet to a point, (ii) North 39 degrees 32 minutes 18 seconds West 113.85 feet to a point, (iii) North 58 degrees 50 minutes 8 seconds East 120.33 feet to a point, (iv) North 28 degrees 1 minute 46 seconds East 102.02 feet to a point, (v) North 32 degrees 56 minutes 5 seconds East 94.80 feet to a point, and (vi) North 61 degrees 59 minutes 21 seconds East 26.07 feet to the TRUE POINT OF BEGINNING for Tract 3. All directions recited herein are referenced to Grid North (1001 Georgia East Zone).

INVITATION TO BID

The Board of Regents of the University System of Georgia by on and behalf of the University of Georgia, Owner, will receive sealed bids from interested bidders at 1280 South Lumpkin Street, University of Georgia, Athens, GA (30606, if hand delivered) (30602, if mailed). Bids must be physically time stamped and turned in by 2:00pm, at the time legally prevailing in Athens, Georgia on Friday, March 13, 2015 for the sale of the Wilkins Farm, located at 2337 Washington Road, Rayle, Georgia in Oglethorpe County, Georgia and Wilkes County, Georgia. At the time and place noted above, the bids will be publicly opened and announced.

A Bid form may be obtained, free of charge, at the Georgia Procurement Registry website:

http://ssl.doas.state.ga.us/PRSapp/PR_index.jsp

BID REQUIREMENTS

BID FORM To: The Board of Regents of the University System of Georgia by on and behalf of the

University of Georgia Re: Sale of the Wilkins Farm, located at 2337 Washington Road, Rayle, Georgia in

Oglethorpe County, Georgia and Wilkes County, Georgia Bid Date: Friday, March 13, 2015, 2:00pm THE BID: Bid. Having carefully examined the Wilkins Farm as well as the documents attached to the advertisement, Bidder hereby proposes to pay Owner, mentioned above, in accordance with the aforesaid documents, the sum of: _____________________________________________ Dollars ($ ___________________________) which sum is hereinafter called the Bid. The Bid shall be the amount of the Purchase Price to be executed between the Owner and the Buyer. Acknowledgement. Bidder acknowledges that the Agreement to Sell and Purchase Improved Real Property (as may be clarified or modified as described herein) must accompany the Sale. Clarifications, Modifications, or Exceptions. Bidder acknowledges all of its proposed clarifications, modifications, or exceptions to the proposed Agreement to Sell and Purchase Improved Real Property are clearly identified and included herein with this Bid Form. Errors or Revisions. Prior to the bid opening date and hour, errors may be stricken or revisions may be made and corrections entered on this proposal form or on the bid envelope with sufficient clarity to be easily understood. All such annotations shall be binding on the Bidder. No Withdrawal. For and in consideration of the sum of $0.00, the receipt of which is hereby acknowledged, Bidder and Owner agree that this bid may not be revoked or withdrawn after the time set for the opening of bids, except as provided in Georgia law, but is an irrevocable offer that shall remain open for acceptance for a period of ninety days following the time set for the opening of bids.

BID REQUIREMENTS - BID FORM Page Two Execution of the Contract. Bidder shall be notified in writing by mail of the acceptance of this bid within ninety days after time set for the opening of bids. Bidder agrees to execute within fourteen days the Agreement to Sell and Purchase Improved Real Property, as may be modified to reflect the above mentioned clarifications, modifications, or exceptions, for the above mentioned property for the above stated Bid. Contracts are subject to approval of the Owner and will require closing by a Special Assistant Attorney General. Approval and Closing may take up to 360 days from the date Bidder executes the Agreement to Sell and Purchase Improved Real Property.

Bidder Certification Certification under Oath. Under oath I certify that I am a principal or other representative of the Bidder, and that I am authorized by it to execute the foregoing bid on its behalf; and further, that I am a principal person of the Bidder with management responsibility for the Bidder, and as such I am personally knowledgeable of all its pertinent matters. I further certify that this bid is made without prior understanding, agreement, or connection with any corporation, firm, or person submitting a bid for the same services, materials, labor, supplies, or equipment and is in all respects fair and without collusion or fraud. Bidder and its principals understand that collusive bidding is a violation of state and federal law and can result in fines, prison sentences, and civil damage awards. Bidder agrees to abide by all conditions of this bid.

BY: __________________________________________ Authorized Signature (BLUE INK)

___________________________________________ Printed Name Title

Sworn to and subscribed before me this Day of , 20 . ________________________________________ Notary Public My commission expires: ______________ (SEAL) NOTE: THE NOTARY SEAL MUST BE APPLIED UNDER

GEORGIA LAW, WHETHER OR NOT THE LAW OF THE STATE WHERE EXECUTED PERMITS OTHERWISE.

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