Commercial Property and Tower License Agreement in New Mexico

Sale of Commercial Property and Tower License Agreement of Tallgrass Broadcasting, LLC located in Curry County, New Mexico.

Office/Studio located at 1000 Sycamore: A tract out of Lots 1-6 in Block 28 of the Clovis Heights Subdivision to the City of Clovis, Curry County, New Mexico

KICA-AM Tower Site: Parcel #1: A 13.532 acre tract of land in SW ¼, Section 12, and the NW ¼, Section 13, T16S R1E, Capitol Land Syndicate, Parmer County, Texas, being described as follows: BEGINNING at the Southwest corner of Section 12, T16, R1E; THENCE North, along the west line of Section 12, a distance of 506.74 Feet; THENCE N. 88°56’ 50” E, parallel to the South line of Section 12, a distance of 1,163.37 feet; THENCE South parallel to the West line of Section 12, a distance of 506.74 feet; THENCE S. 88°56’ 50” West, along the South line of Section 12, a distance of 1,163.37 feet to the POINT AND PLACE OF BEGINNING, Said tract containing 13.532 acres of land.
Parcel #2: A 8.365 acre tract of land in SW ¼, Section 12, and the NW ¼, Section 13, T16S, R1E, Capitol Land Syndicate, Parmer County, Texas, being described as follows: BEGINNING at the Northwest corner of Section 13, T16S, R1E; THENCE South, along the West line of Section 13, a distance of 313.26 feet; THENCE N. 88°56’ 50” E, parallel to the North line of Section 13, a distance of 1,163.37 feet; THENCE North, parallel to the West line of Section 13, a distance of 313.26 feet; THENCE S. 88°56’ 50” West, along the North line of Section 13, a distance of 1,163.37 feet to the POINT AND PLACE OF BEGINNING. Said tract containing 8.375 acres of land.

Tower License Agreement: Tower Use License Agreement between Vangard Wireless, LLC and Tallgrass Broadcasting, LLC which grants certain non-exclusive rights to install, maintain and operate radio communications equipment as more particularly described therein.