World Class Horse Facility

Allegre Thoroughbred Farm, Inc.

73 Acre Thoroughbred Facility

AUCTION TO BE HELD ON-SITE AND TO BE SOLD TO HIGHEST BIDDER:

21726 W. Eagle Mountain Road, Buckeye, Arizona 85326

Tuesday February 12, 2002 at 10:00 A.M. MST

This horse property is state-of-the-art. Appraised June 26, 2000 at $1,200,000.00 and is available for inspection. New appraisal is currently being up-dated. Preliminary title report is available for inspection. This property is available for purchase prior to auction.

Features Include:

Requirements for auction registration: Bidders must deposit an $85,000.00 cashier’s check/certified funds (made out to the Bidder) with auction company to obtain Bidder’s Paddle. Successful Bidder must be pre-qualified and be ready to deposit 10% of the highest bid with the Seller as a non-refundable deposit immediately following auction. This non-refundable deposit must be in cash/cashier’s check/certified funds only – no exceptions. The balance must be paid by 5:00 P.M. MST March 12, 2002 to Lawyer’s Title of Arizona. The balance must be paid with cash/cashier’s check/certified funds only – no exceptions. Title is guaranteed to transfer free and clear of all liens and encumbrances. Closing costs to be split equally between Buyer and Seller. All unsuccessful bidders will receive their $85,000.00 deposit immediately following auction.

A 2% co-broke will be paid to any properly licensed Arizona real estate broker/agent who’s client closes escrow within auction terms and conditions. All Buyer-Brokers must request and submit Broker/Client Form a minimum of 24 hours prior to the auction to be entitled to the 2% co-broke – no exceptions.

Contact Carl Cunningham at 602-647-4900 for additional information/terms and conditions of auction.

or, email Carl