BROKER PARTICIPATION & FORM

Absolute Auction

June 28, 2008 at 11 AM

2530 US Highway 117, Faison, NC 28321

156 +- acre Farm with 41.8 cleared, 104.6 wooded, 7.2 acres other Farm House on 1.06 acre lot, one 1/2 acre lot and one .65 acre lot.

Tract A: .65 acre lot

Tract B: .50 acre lot

Tract C: House 1,381 sq. ft. & 1.06 acre lot (2 bedrooms, 1 bath, kitchen, dining room, den & living room)

Tract D: 153.8 +- acres (41.8 cleared, 104.8 acres wooded & 7.2 acres other)

Tracts will be offer separately then grouped and sold for the highest offering.

Brown & Kennedy Construction Co. Inc. (Macon Douglas Brown Broker) will pay a referral fee in the amount of one percent (1%) of the final high bid price received to any actively licensed North Carolina Real Estate Broker whose registered client buys the above referenced property.  The buyer must close on the transaction and take title to the property.

The registration must be made by U.S. Mail, hand delivery, or fax to Brown & Kennedy Construction Inc., 3867 E NC 24 Hwy, Beulaville, NC 28518, FAX:  910-298-4470 and received no later than Friday, June 27, 2008 at 5PM on the attached form.  Forms received after this date and time will not be accepted.

The broker must accompany the client at the auction and co-register with the client on auction day, sign off on the purchase contract as referring broker, and attend the closing with the client.

A referral fee will not be paid on any client who has contacted us directly or received mail from our direct mailing or e-mail list prior to our receiving a registration form.  No fee will be paid until Brown & Kennedy Construction Co. Inc. has received the commission that is due it on the transaction.  Agents acting as principles or on behalf of family members, other licensed real estate agents, or who represent prospects that have had prior contact with seller or Auction Company is not eligible for fee. Any broker or salesperson that purchases property for their own use or resale directly or indirectly will not receive fee.  Only one registered bidder per agent per auction.

Brown & Kennedy Construction Co. Inc. & Brown & Thigpen Auctions represent the seller in the sale of these properties. Buyer’s agent must provide Buyer Agency Agreement

Buyer’s Name:              _____________________________________________

                                       (Please Print)

Registering Agent:         ____________________________________________

                                    (Please Print)

Agent License #            ____________________________________________

Firm Name:                   ____________________________________________

Address:                       ____________________________________________

____________________________________________

Telephone:        _____________________________         Fax:      ________________________

Date:                _____________________________         Time:    ________________________

Federal Tax ID # or Social Security #:      ______________________________

____________________________________(SEAL)

Registering Agent’s Signature