Hondo, TX 78861 - Medina County

Truly outstanding, scenic, and productive family-owned legacy ranch. 3 operating Edwards aquifer water wells distribute livestock and wildlife water across the ranch, plus 2 earthen tanks and the seasonal Verde Creek which traverses the ranch for approximately 3/4 mile. The terrain is gently rolling, with some nice views from the higher elevations, and all pastures are accessible with 2-wheel drive. Very little juniper, an abundance of huge and healthy live oak trees, and superb knee-high grass cover. Other tree species are Mesquite, Hackberry, Persimmon, and Elm, with a significant amount of protein-rich brush species and forbs.

MARTIN MARIETTA LIMESTONE QUARRY - Additional income if desired by new owner. There is an existing quarry lease, currently month-to-month,with a 90 day period to remove equipment if lease is terminated by the new owner. Lessee has offered current owners a $4,000 per month minimum net payment for a 2-year lease extension. The new

purchaser of the entirety of the ranch would be free to either cancel the existing Martin Marietta lease or renegotiate such lease at his/her option.

POSSIBLE SAN ANTONIO WATER SYSTEM (SAWS) CONSERVATION EASEMENT - Owners recently engaged in negotiations with SAWS for a conservation easement on approximately 800 acres which are located over the Edwards Aquafer recharge zone, and were reportedly offered 50% of the appraised per acre value for that easement, which they declined. This may be a viable option for a purchaser who has no plans to develop the ranch into smaller acreage tracts in the future to reduce his initial per-acre cost.