<SEC-DOCUMENT>0001010549-20-000120.txt : 20200629
<SEC-HEADER>0001010549-20-000120.hdr.sgml : 20200629
<ACCEPTANCE-DATETIME>20200626181956
ACCESSION NUMBER:		0001010549-20-000120
CONFORMED SUBMISSION TYPE:	SC 13D
PUBLIC DOCUMENT COUNT:		16
FILED AS OF DATE:		20200629
DATE AS OF CHANGE:		20200626

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN REALTY INVESTORS INC
		CENTRAL INDEX KEY:			0001102238
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE OPERATORS (NO DEVELOPERS) & LESSORS [6510]
		IRS NUMBER:				752847135
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-59491
		FILM NUMBER:		20995447

	BUSINESS ADDRESS:	
		STREET 1:		1603 LBJ FREEWAY
		STREET 2:		SUITE 800
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75234
		BUSINESS PHONE:		4695224200

	MAIL ADDRESS:	
		STREET 1:		1603 LBJ FREEWAY
		STREET 2:		SUITE 800
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75234

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN REALTY INVESTORS INC
		CENTRAL INDEX KEY:			0001102238
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE OPERATORS (NO DEVELOPERS) & LESSORS [6510]
		IRS NUMBER:				752847135
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D

	BUSINESS ADDRESS:	
		STREET 1:		1603 LBJ FREEWAY
		STREET 2:		SUITE 800
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75234
		BUSINESS PHONE:		4695224200

	MAIL ADDRESS:	
		STREET 1:		1603 LBJ FREEWAY
		STREET 2:		SUITE 800
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75234
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D
<SEQUENCE>1
<FILENAME>americansch13d.htm
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 1.75pt 9.35pt 0 5.95pt; text-align: center"><B>SECURITIES AND EXCHANGE
COMMISSION</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0.35pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 9.35pt 0 6.55pt; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 13pt Times New Roman, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0.05pt 9.35pt 0 5.95pt; text-align: center"><B>SCHEDULE 13D</B></P>

<P STYLE="font: 11.5pt Times New Roman, Times, Serif; margin: 0.55pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/193% Times New Roman, Times, Serif; margin: 0 158.3pt 0 155.45pt; text-align: center"><FONT STYLE="letter-spacing: -0.2pt">Under
</FONT><FONT STYLE="letter-spacing: -0.15pt">the Securities </FONT><FONT STYLE="letter-spacing: -0.2pt">Exchange </FONT><FONT STYLE="letter-spacing: -0.15pt">Act
of 1934 </FONT><FONT STYLE="letter-spacing: -0.25pt">(Amendment </FONT><FONT STYLE="letter-spacing: -0.2pt">No. </FONT><FONT STYLE="letter-spacing: -0.15pt">18)</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 3.55pt 9.35pt 0.15pt 6.45pt; text-align: center">AMERICAN REALTY INVESTORS,
INC.</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><IMG SRC="image_018.gif" ALT="" STYLE="width: 626px; height: 3px"></P>

<P STYLE="font: 10pt/1pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 4.55pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 9.35pt 0 6.3pt; text-align: center">(Name of Issuer)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="text-align: center; font: 9pt Times New Roman, Times, Serif; margin-top: 0.1pt; margin-bottom: 0">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"></P>
<P STYLE="font: 10pt/105% Times New Roman, Times, Serif; margin: 0 180.1pt 0 177.3pt; text-align: center"><FONT STYLE="letter-spacing: -0.3pt">Common
</FONT><FONT STYLE="letter-spacing: -0.25pt">Stock, </FONT><FONT STYLE="letter-spacing: -0.15pt">$0.01 par </FONT><FONT STYLE="letter-spacing: -0.2pt">value</FONT></P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><IMG SRC="image_017.gif" ALT="" STYLE="width: 626px; height: 3px"></P>
<P STYLE="font: 10pt/105% Times New Roman, Times, Serif; margin: 0 180.1pt 0 177.3pt; text-align: center"><FONT STYLE="letter-spacing: -0.2pt"></FONT></P>

<P STYLE="font: 10pt/105% Times New Roman, Times, Serif; margin: 0 180.1pt 0 177.3pt; text-align: center"><FONT STYLE="letter-spacing: -0.2pt"></FONT><FONT STYLE="letter-spacing: -0.15pt">(Title of </FONT><FONT STYLE="letter-spacing: -0.2pt">Class </FONT><FONT STYLE="letter-spacing: -0.15pt">of
</FONT><FONT STYLE="letter-spacing: -0.2pt">Securities)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8.5pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 9.35pt 0 6.6pt; text-align: center">029174-10-9</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><IMG SRC="image_016.gif" ALT="" STYLE="width: 626px; height: 3px"></P>

<P STYLE="font: 10pt/1pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 4.55pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 9.35pt 0 6.35pt; text-align: center">(CUSIP Number)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/11.35pt Times New Roman, Times, Serif; margin: 0 9.35pt 0 6.5pt; text-align: center">Daniel J. Moos</P>

<P STYLE="font: 10pt/11.15pt Times New Roman, Times, Serif; margin: 0 9.35pt 0 6.4pt; text-align: center">1603 LBJ Freeway, Suite
800</P>

<P STYLE="font: 10pt/11.15pt Times New Roman, Times, Serif; margin: 0 9.35pt 0 6.55pt; text-align: center">Dallas, Texas 75234</P>

<P STYLE="font: 10pt/11.15pt Times New Roman, Times, Serif; margin: 0 9.35pt 0 6.65pt; text-align: center">(469) 522-4200</P>

<P STYLE="font: 10pt/11.35pt Times New Roman, Times, Serif; margin: 0 0 0.1pt 185.95pt">(469) 522-4360 (Facsimile)</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><IMG SRC="image_019.gif" ALT="" STYLE="width: 626px; height: 3px"></P>

<P STYLE="font: 10pt/1pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 4.55pt">&nbsp;</P>

<P STYLE="font: 10pt/96% Times New Roman, Times, Serif; margin: 0 10.85pt 0 204.9pt; text-indent: -131.55pt"><FONT STYLE="letter-spacing: -0.2pt">(Name,
Address </FONT><FONT STYLE="letter-spacing: -0.15pt">and </FONT><FONT STYLE="letter-spacing: -0.2pt">Telephone </FONT><FONT STYLE="letter-spacing: -0.25pt">Number
</FONT><FONT STYLE="letter-spacing: -0.15pt">of </FONT><FONT STYLE="letter-spacing: -0.2pt">Person Authorized </FONT>to <FONT STYLE="letter-spacing: -0.2pt">Receive
Notices </FONT><FONT STYLE="letter-spacing: -0.15pt">and </FONT><FONT STYLE="letter-spacing: -0.25pt">Communications)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 9.35pt 0 6.7pt; text-align: center">June 15, 2020</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><IMG SRC="image_020.gif" ALT="" STYLE="width: 626px; height: 3px"></P>

<P STYLE="font: 10pt/1pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 4.55pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 9.35pt 0 6.3pt; text-align: center">(Date of Event which Requires
Filing of this Statement)</P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0.15pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/96% Times New Roman, Times, Serif; margin: 0 8.5pt 0 5pt; text-align: justify">If <FONT STYLE="letter-spacing: -0.15pt">the
</FONT>filing <FONT STYLE="letter-spacing: -0.2pt">person </FONT><FONT STYLE="letter-spacing: -0.15pt">has </FONT><FONT STYLE="letter-spacing: -0.2pt">previously
</FONT><FONT STYLE="letter-spacing: -0.15pt">filed </FONT>a <FONT STYLE="letter-spacing: -0.2pt">statement </FONT><FONT STYLE="letter-spacing: -0.15pt">on
</FONT><FONT STYLE="letter-spacing: -0.2pt">Schedule </FONT><FONT STYLE="letter-spacing: -0.15pt">13G </FONT>to <FONT STYLE="letter-spacing: -0.15pt">report
the </FONT><FONT STYLE="letter-spacing: -0.2pt">acquisition which </FONT>is <FONT STYLE="letter-spacing: -0.15pt">the subject of
this </FONT><FONT STYLE="letter-spacing: -0.2pt">Schedule 13D, </FONT><FONT STYLE="letter-spacing: -0.15pt">and </FONT>is <FONT STYLE="letter-spacing: -0.15pt">filing
this </FONT><FONT STYLE="letter-spacing: -0.2pt">schedule </FONT><FONT STYLE="letter-spacing: -0.15pt">because </FONT><FONT STYLE="letter-spacing: -0.2pt">of
Rules 13d-1(b)(3) </FONT><FONT STYLE="letter-spacing: -0.15pt">or (4), check the </FONT><FONT STYLE="letter-spacing: -0.25pt">following
</FONT><FONT STYLE="letter-spacing: -0.2pt">box </FONT>[ ].</P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/96% Times New Roman, Times, Serif; margin: 0 9pt 0 5pt; text-align: justify"><FONT STYLE="letter-spacing: -0.2pt">NOTE:
Schedules</FONT> <FONT STYLE="letter-spacing: -0.15pt">filed</FONT> in <FONT STYLE="letter-spacing: -0.15pt">paper</FONT> <FONT STYLE="letter-spacing: -0.2pt">format
shall include</FONT> a <FONT STYLE="letter-spacing: -0.2pt">signed original</FONT> <FONT STYLE="letter-spacing: -0.15pt">and five</FONT>
<FONT STYLE="letter-spacing: -0.2pt">copies of</FONT> <FONT STYLE="letter-spacing: -0.15pt">the</FONT> <FONT STYLE="letter-spacing: -0.2pt">schedule,
including</FONT> all <FONT STYLE="letter-spacing: -0.2pt">exhibits. </FONT><FONT STYLE="letter-spacing: -0.15pt">See</FONT> <FONT STYLE="letter-spacing: -0.2pt">Rule
13d-7</FONT> <FONT STYLE="letter-spacing: -0.15pt">for</FONT> <FONT STYLE="letter-spacing: -0.2pt">other</FONT> <FONT STYLE="letter-spacing: -0.15pt">parties</FONT>
to <FONT STYLE="letter-spacing: -0.25pt">whom</FONT> <FONT STYLE="letter-spacing: -0.2pt">copies</FONT> are to be <FONT STYLE="letter-spacing: -0.15pt">sent.</FONT></P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/96% Times New Roman, Times, Serif; margin: 0 8.75pt 0 5pt; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">The</FONT>
<FONT STYLE="letter-spacing: -0.2pt">remainder</FONT> <FONT STYLE="letter-spacing: -0.15pt">of this</FONT> <FONT STYLE="letter-spacing: -0.2pt">cover
page</FONT> <FONT STYLE="letter-spacing: -0.15pt">shall</FONT> be <FONT STYLE="letter-spacing: -0.15pt">filled</FONT> <FONT STYLE="letter-spacing: -0.25pt">out
for</FONT> a <FONT STYLE="letter-spacing: -0.2pt">reporting persons's</FONT> <FONT STYLE="letter-spacing: -0.15pt">initial filing
on this form</FONT> <FONT STYLE="letter-spacing: -0.2pt">with</FONT> <FONT STYLE="letter-spacing: -0.15pt">respect</FONT> to <FONT STYLE="letter-spacing: -0.15pt">the
subject class </FONT><FONT STYLE="letter-spacing: -0.2pt">of </FONT><FONT STYLE="letter-spacing: -0.15pt">securities, and for any
</FONT><FONT STYLE="letter-spacing: -0.2pt">subsequent </FONT><FONT STYLE="letter-spacing: -0.25pt">amendment </FONT><FONT STYLE="letter-spacing: -0.2pt">containing
information which </FONT><FONT STYLE="letter-spacing: -0.25pt">would </FONT><FONT STYLE="letter-spacing: -0.15pt">alter </FONT><FONT STYLE="letter-spacing: -0.2pt">disclosures
provided </FONT>in a <FONT STYLE="letter-spacing: -0.2pt">prior cover page.</FONT></P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/96% Times New Roman, Times, Serif; margin: 0 8.45pt 0 5pt; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">The</FONT>
<FONT STYLE="letter-spacing: -0.2pt">information</FONT> <FONT STYLE="letter-spacing: -0.15pt">required on the</FONT> <FONT STYLE="letter-spacing: -0.2pt">remainder</FONT>
<FONT STYLE="letter-spacing: -0.15pt">of this</FONT> <FONT STYLE="letter-spacing: -0.2pt">cover page</FONT> <FONT STYLE="letter-spacing: -0.15pt">shall</FONT>
<FONT STYLE="letter-spacing: -0.2pt">not</FONT> be <FONT STYLE="letter-spacing: -0.2pt">deemed</FONT> to be <FONT STYLE="letter-spacing: -0.15pt">&quot;filed&quot;
for the</FONT> <FONT STYLE="letter-spacing: -0.2pt">purpose</FONT> <FONT STYLE="letter-spacing: -0.15pt">of</FONT> <FONT STYLE="letter-spacing: -0.2pt">Section</FONT>
18 <FONT STYLE="letter-spacing: -0.15pt">of the Securities </FONT><FONT STYLE="letter-spacing: -0.2pt">Exchange </FONT><FONT STYLE="letter-spacing: -0.15pt">Act
</FONT><FONT STYLE="letter-spacing: -0.2pt">of </FONT><FONT STYLE="letter-spacing: -0.15pt">1934 (&quot;Act&quot;) or </FONT><FONT STYLE="letter-spacing: -0.2pt">otherwise
</FONT><FONT STYLE="letter-spacing: -0.15pt">subject </FONT>to <FONT STYLE="letter-spacing: -0.15pt">the </FONT><FONT STYLE="letter-spacing: -0.2pt">liabilities
</FONT><FONT STYLE="letter-spacing: -0.15pt">of that </FONT><FONT STYLE="letter-spacing: -0.2pt">section of </FONT><FONT STYLE="letter-spacing: -0.15pt">the
Act but shall </FONT>be <FONT STYLE="letter-spacing: -0.15pt">subject </FONT>to all <FONT STYLE="letter-spacing: -0.2pt">other
</FONT><FONT STYLE="letter-spacing: -0.25pt">provisions </FONT><FONT STYLE="letter-spacing: -0.15pt">of the Act </FONT><FONT STYLE="letter-spacing: -0.2pt">(however,
</FONT><FONT STYLE="letter-spacing: -0.15pt">see the</FONT> <FONT STYLE="letter-spacing: -0.2pt">Notes).</FONT></P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.15pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 3.35pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">1)</FONT></TD><TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Names </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">of
</FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Reporting Persons </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">I.R.S.
Identification Nos. </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">of </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">Above
</FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Persons </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">(entities</FONT>
<FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">only)</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 6.65pt; text-align: center">Arcadian Energy, Inc.</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 41.25pt; text-align: center">. . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_002.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4.5pt Arial, Helvetica, Sans-Serif; margin: 0.4pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/11.25pt Arial, Helvetica, Sans-Serif; margin-top: 3.4pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">2)</FONT></TD><TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Check </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">the
</FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Appropriate </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">Box
</FONT><FONT STYLE="font-size: 10pt">if a <FONT STYLE="letter-spacing: -0.3pt">Member </FONT><FONT STYLE="letter-spacing: -0.15pt">of
</FONT>a <FONT STYLE="letter-spacing: -0.25pt">Group </FONT><FONT STYLE="letter-spacing: -0.2pt">(See Instructions)</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/11.05pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 41pt"><FONT STYLE="letter-spacing: -0.15pt">(a)</FONT>
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . </P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 41pt"><FONT STYLE="letter-spacing: -0.15pt">(b)</FONT>
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_003.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4.5pt Arial, Helvetica, Sans-Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3.4pt 0 0 23pt"><FONT STYLE="letter-spacing: -0.15pt">3) </FONT> <FONT STYLE="letter-spacing: -0.2pt">SEC</FONT>
<FONT STYLE="letter-spacing: -0.15pt">Use</FONT> <FONT STYLE="letter-spacing: -0.2pt">Only</FONT> . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_004.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.2pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 23pt; text-align: center">WC and OO</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 2.7pt 0 16.6pt; text-align: center"><FONT STYLE="letter-spacing: -0.15pt">4)
</FONT> <FONT STYLE="letter-spacing: -0.2pt">Source</FONT> <FONT STYLE="letter-spacing: -0.15pt">of </FONT><FONT STYLE="letter-spacing: -0.25pt">Funds</FONT>
<FONT STYLE="letter-spacing: -0.2pt">(See Instructions)</FONT> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_005.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4.5pt Arial, Helvetica, Sans-Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 3.4pt 0 0 23pt"><FONT STYLE="letter-spacing: -0.15pt">5) </FONT>
<FONT STYLE="letter-spacing: -0.25pt">Check</FONT> if <FONT STYLE="letter-spacing: -0.2pt">Disclosure</FONT> <FONT STYLE="letter-spacing: -0.15pt">of
</FONT><FONT STYLE="letter-spacing: -0.25pt">Legal Proceedings</FONT> is <FONT STYLE="letter-spacing: -0.25pt">Required Pursuant</FONT>
to <FONT STYLE="letter-spacing: -0.2pt">Items 2(d)</FONT> <FONT STYLE="letter-spacing: -0.15pt">or</FONT> <FONT STYLE="letter-spacing: -0.2pt">2(e)</FONT>
.. . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 5pt"><B>.</B> . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_003.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.2pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 3.75pt; text-align: center">Nevada</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 13.8pt; text-align: center">6) Citizenship or Place of
Organization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_005.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 3.5in">556,491</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 1in">7)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sole Voting Power &#9;..............................................................................................</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">Number of&#9;<U></U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;___________________________________________________________________________</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0 0 0 4in; text-align: justify; text-indent: -4in">Shares&#9;&#9;</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-0-<BR></P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">Beneficially&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shared Voting Power &#9;..........................................................................................</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">Owned by&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;___________________________________________________________________________</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0 0 0 3.5in; text-align: justify; text-indent: -3.5in">Each Reporting&#9;</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;556,491</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">Person With&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sole Dispositive Power &#9;.......................................................................................</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 1in">___________________________________________________________________________</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0 0 0 3.5in; text-align: justify; text-indent: 0.5in">-0-</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 1in">10)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shared Dispositive Power &#9;...................................................................................</P>


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_007.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.5pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 365pt">556,491</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/11.25pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">11)</FONT></TD><TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Aggregate</FONT> <FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">Amount</FONT>
<FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">Beneficially</FONT> <FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">Owned</FONT>
<FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">by</FONT> <FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">Each</FONT>
<FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Reporting Person</FONT> <FONT STYLE="font-size: 10pt">. . . . . . . . .
.. . . . . . . . . . . . . . . . . . . .</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_007.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4.5pt Arial, Helvetica, Sans-Serif; margin: 0.4pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/11.25pt Arial, Helvetica, Sans-Serif; margin-top: 3.4pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">12)</FONT></TD><TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Check</FONT> <FONT STYLE="font-size: 10pt">if <FONT STYLE="letter-spacing: -0.15pt">the</FONT>
<FONT STYLE="letter-spacing: -0.25pt">Aggregate</FONT> <FONT STYLE="letter-spacing: -0.3pt">Amount </FONT>in <FONT STYLE="letter-spacing: -0.2pt">Row
(11) Excludes Certain</FONT> <FONT STYLE="letter-spacing: -0.25pt">Shares</FONT> <FONT STYLE="letter-spacing: -0.2pt">(See Instructions)</FONT>
.. . . . . . . . . . . .</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 5pt"><B>.</B> . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_005.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.2pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 141.65pt; text-align: center">3.48%</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 13.8pt; text-align: center"><FONT STYLE="letter-spacing: -0.2pt">13)
</FONT><FONT STYLE="letter-spacing: -0.25pt">Percent </FONT><FONT STYLE="letter-spacing: -0.15pt">of </FONT><FONT STYLE="letter-spacing: -0.2pt">Class
</FONT><FONT STYLE="letter-spacing: -0.25pt">Represented </FONT><FONT STYLE="letter-spacing: -0.15pt">by </FONT><FONT STYLE="letter-spacing: -0.25pt">Amount
</FONT>in <FONT STYLE="letter-spacing: -0.2pt">Row (11) </FONT><FONT STYLE="letter-spacing: 0.35pt">.. </FONT>. . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_002.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.2pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 57.5pt; text-align: center">OO</P>

<P STYLE="font: 10pt/11.05pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 23pt"><FONT STYLE="letter-spacing: -0.2pt">14) Type</FONT>
<FONT STYLE="letter-spacing: -0.15pt">of </FONT><FONT STYLE="letter-spacing: -0.25pt">Reporting Person</FONT> <FONT STYLE="letter-spacing: -0.2pt">(See
Instructions)</FONT> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 41pt">. . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </P>


<!-- Field: Page; Sequence: 2 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.15pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 3.35pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">1)</FONT></TD><TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Names </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">of
</FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Reporting Persons </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">I.R.S.
Identification Nos. </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">of </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">Above
</FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Persons </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">(entities</FONT>
<FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">only)</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 6.6pt; text-align: center">Realty Advisors, LLC</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 41.25pt; text-align: center">. . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_003.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4.5pt Arial, Helvetica, Sans-Serif; margin: 0.4pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/11.25pt Arial, Helvetica, Sans-Serif; margin-top: 3.4pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">2)</FONT></TD><TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Check </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">the
</FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Appropriate </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">Box
</FONT><FONT STYLE="font-size: 10pt">if a <FONT STYLE="letter-spacing: -0.3pt">Member </FONT><FONT STYLE="letter-spacing: -0.15pt">of
</FONT>a <FONT STYLE="letter-spacing: -0.25pt">Group </FONT><FONT STYLE="letter-spacing: -0.2pt">(See Instructions)</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/11.05pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 41pt"><FONT STYLE="letter-spacing: -0.15pt">(a)</FONT>
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . </P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 41pt"><FONT STYLE="letter-spacing: -0.15pt">(b)</FONT>
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_003.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4.5pt Arial, Helvetica, Sans-Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3.4pt 0 0 23pt"><FONT STYLE="letter-spacing: -0.15pt">3) </FONT> <FONT STYLE="letter-spacing: -0.2pt">SEC</FONT>
<FONT STYLE="letter-spacing: -0.15pt">Use</FONT> <FONT STYLE="letter-spacing: -0.2pt">Only</FONT> . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_003.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.2pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 23pt; text-align: center">WC and OO</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 2.7pt 0 16.6pt; text-align: center"><FONT STYLE="letter-spacing: -0.15pt">4)
</FONT> <FONT STYLE="letter-spacing: -0.2pt">Source</FONT> <FONT STYLE="letter-spacing: -0.15pt">of </FONT><FONT STYLE="letter-spacing: -0.25pt">Funds</FONT>
<FONT STYLE="letter-spacing: -0.2pt">(See Instructions)</FONT> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_005.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4.5pt Arial, Helvetica, Sans-Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 3.4pt 0 0 23pt"><FONT STYLE="letter-spacing: -0.15pt">5) </FONT>
<FONT STYLE="letter-spacing: -0.25pt">Check</FONT> if <FONT STYLE="letter-spacing: -0.2pt">Disclosure</FONT> <FONT STYLE="letter-spacing: -0.15pt">of
</FONT><FONT STYLE="letter-spacing: -0.25pt">Legal Proceedings</FONT> is <FONT STYLE="letter-spacing: -0.25pt">Required Pursuant</FONT>
to <FONT STYLE="letter-spacing: -0.2pt">Items 2(d)</FONT> <FONT STYLE="letter-spacing: -0.15pt">or</FONT> <FONT STYLE="letter-spacing: -0.2pt">2(e)</FONT>
.. . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 5pt"><B>.</B> . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_005.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.2pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 3.75pt; text-align: center">Nevada</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 13.8pt; text-align: center">6) Citizenship or Place of
Organization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_007.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 3.5in">2,470,000*</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 1in">7)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sole Voting Power &#9;..............................................................................................</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">Number of&#9;<U></U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;___________________________________________________________________________</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0 0 0 4in; text-align: justify; text-indent: -4in">Shares&#9;&#9;</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-0-<BR></P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">Beneficially&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shared Voting Power &#9;..........................................................................................</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">Owned by&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;___________________________________________________________________________</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0 0 0 3.5in; text-align: justify; text-indent: -3.5in">Each Reporting&#9;</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,470,000*</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">Person With&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sole Dispositive Power &#9;.......................................................................................</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 1in">___________________________________________________________________________</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0 0 0 3.5in; text-align: justify; text-indent: 0.5in">-0-</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 1in">10)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shared Dispositive Power &#9;...................................................................................</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_007.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.5pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 365pt">3,929,828**</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/11.25pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">11)</FONT></TD><TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Aggregate</FONT> <FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">Amount</FONT>
<FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">Beneficially</FONT> <FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">Owned</FONT>
<FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">by</FONT> <FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">Each</FONT>
<FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Reporting Person</FONT> <FONT STYLE="font-size: 10pt">. . . . . . . . .
.. . . . . . . . . . . . . . . . . . . .</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_007.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4.5pt Arial, Helvetica, Sans-Serif; margin: 0.4pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/11.25pt Arial, Helvetica, Sans-Serif; margin-top: 3.4pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">12)</FONT></TD><TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Check</FONT> <FONT STYLE="font-size: 10pt">if <FONT STYLE="letter-spacing: -0.15pt">the</FONT>
<FONT STYLE="letter-spacing: -0.25pt">Aggregate</FONT> <FONT STYLE="letter-spacing: -0.3pt">Amount </FONT>in <FONT STYLE="letter-spacing: -0.2pt">Row
(11) Excludes Certain</FONT> <FONT STYLE="letter-spacing: -0.25pt">Shares</FONT> <FONT STYLE="letter-spacing: -0.2pt">(See Instructions)</FONT>
.. . . . . . . . . . . .</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 5pt"><B>.</B> . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_007.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.2pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 293pt">24.57%</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 23pt"><FONT STYLE="letter-spacing: -0.2pt">13)</FONT>
<FONT STYLE="letter-spacing: -0.25pt">Percent</FONT> <FONT STYLE="letter-spacing: -0.15pt">of</FONT> <FONT STYLE="letter-spacing: -0.2pt">Class</FONT>
<FONT STYLE="letter-spacing: -0.25pt">Represented</FONT> <FONT STYLE="letter-spacing: -0.15pt">by</FONT> <FONT STYLE="letter-spacing: -0.25pt">Amount</FONT>
in <FONT STYLE="letter-spacing: -0.2pt">Row (11)</FONT> <FONT STYLE="letter-spacing: 0.35pt">..</FONT> . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_004.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.2pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 57.5pt; text-align: center">OO</P>

<P STYLE="font: 10pt/11.05pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 23pt"><FONT STYLE="letter-spacing: -0.2pt">14) Type</FONT>
<FONT STYLE="letter-spacing: -0.15pt">of </FONT><FONT STYLE="letter-spacing: -0.25pt">Reporting Person</FONT> <FONT STYLE="letter-spacing: -0.2pt">(See
Instructions)</FONT> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 41pt">. . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.15pt 0 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_009.gif" ALT="" STYLE="width: 186px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4pt Arial, Helvetica, Sans-Serif; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 9pt/96% Arial, Helvetica, Sans-Serif; margin: 3.8pt 8.25pt 0 5pt; text-align: justify; text-indent: 0.25in">* 7,921,508
shares were previously reported under Realty Advisors, LLC, but 5,451,508 of such shares are held in accounts of Realty Advisors,
Inc. [the sole Member of Realty Advisors, LLC] and should have <FONT STYLE="letter-spacing: -0.15pt">been</FONT> (and are <FONT STYLE="letter-spacing: -0.15pt">now)</FONT>
reported there, leaving 2,470,000 Shares owned and held by Realty Advisors, LLC.</P>

<P STYLE="font: 8.5pt Arial, Helvetica, Sans-Serif; margin: 0.15pt 0 0">&nbsp;</P>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0.05pt 0 0 23pt">**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RA Stock
Holdings, Inc., which owns 1,429,828 shares (9.13%), is wholly owned by Realty Advisors, LLC.</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.15pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 3.35pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">1)</FONT></TD><TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Names </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">of
</FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Reporting Persons </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">I.R.S.
Identification Nos. </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">of </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">Above
</FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Persons </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">(entities</FONT>
<FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">only)</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 6.45pt; text-align: center">RA Stock Holdings, Inc.
(formerly, Prime Stock Holdings, Inc.)</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 41.25pt; text-align: center">. . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_005.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4.5pt Arial, Helvetica, Sans-Serif; margin: 0.4pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/11.25pt Arial, Helvetica, Sans-Serif; margin-top: 3.4pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">2)</FONT></TD><TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Check </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">the
</FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Appropriate </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">Box
</FONT><FONT STYLE="font-size: 10pt">if a <FONT STYLE="letter-spacing: -0.3pt">Member </FONT><FONT STYLE="letter-spacing: -0.15pt">of
</FONT>a <FONT STYLE="letter-spacing: -0.25pt">Group </FONT><FONT STYLE="letter-spacing: -0.2pt">(See Instructions)</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/11.05pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 41pt"><FONT STYLE="letter-spacing: -0.15pt">(a)</FONT>
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . </P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 41pt"><FONT STYLE="letter-spacing: -0.15pt">(b)</FONT>
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_007.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4.5pt Arial, Helvetica, Sans-Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3.4pt 0 0 23pt"><FONT STYLE="letter-spacing: -0.15pt">3) </FONT> <FONT STYLE="letter-spacing: -0.2pt">SEC</FONT>
<FONT STYLE="letter-spacing: -0.15pt">Use</FONT> <FONT STYLE="letter-spacing: -0.2pt">Only</FONT> . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_007.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.2pt Arial, Helvetica, Sans-Serif; margin: 0 63.45pt 0 41.25pt; text-align: center">WC</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 23pt"><FONT STYLE="letter-spacing: -0.15pt">4) </FONT>
<FONT STYLE="letter-spacing: -0.2pt">Source</FONT> <FONT STYLE="letter-spacing: -0.15pt">of </FONT><FONT STYLE="letter-spacing: -0.25pt">Funds</FONT>
<FONT STYLE="letter-spacing: -0.2pt">(See Instructions)</FONT> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_002.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4.5pt Arial, Helvetica, Sans-Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 3.4pt 0 0 23pt"><FONT STYLE="letter-spacing: -0.15pt">5) </FONT>
<FONT STYLE="letter-spacing: -0.25pt">Check</FONT> if <FONT STYLE="letter-spacing: -0.2pt">Disclosure</FONT> <FONT STYLE="letter-spacing: -0.15pt">of
</FONT><FONT STYLE="letter-spacing: -0.25pt">Legal Proceedings</FONT> is <FONT STYLE="letter-spacing: -0.25pt">Required Pursuant</FONT>
to <FONT STYLE="letter-spacing: -0.2pt">Items 2(d)</FONT> <FONT STYLE="letter-spacing: -0.15pt">or</FONT> <FONT STYLE="letter-spacing: -0.2pt">2(e)</FONT>
.. . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 5pt"><B>.</B> . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_007.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.2pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 3.75pt; text-align: center">Nevada</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 13.8pt; text-align: center">6) Citizenship or Place of
Organization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_003.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 3.5in">1,459,828</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 1in">7)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sole Voting Power &#9;..............................................................................................</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">Number of&#9;<U></U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;___________________________________________________________________________</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0 0 0 4in; text-align: justify; text-indent: -4in">Shares&#9;&#9;</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-0-<BR></P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">Beneficially&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shared Voting Power &#9;..........................................................................................</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">Owned by&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;___________________________________________________________________________</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0 0 0 3.5in; text-align: justify; text-indent: -3.5in">Each Reporting&#9;</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,459,828</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">Person With&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sole Dispositive Power &#9;.......................................................................................</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 1in">___________________________________________________________________________</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0 0 0 3.5in; text-align: justify; text-indent: 0.5in">-0-</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 1in">10)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shared Dispositive Power &#9;...................................................................................</P>


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_003.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.5pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 365pt">1,459,828</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/11.25pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">11)</FONT></TD><TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Aggregate</FONT> <FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">Amount</FONT>
<FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">Beneficially</FONT> <FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">Owned</FONT>
<FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">by</FONT> <FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">Each</FONT>
<FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Reporting Person</FONT> <FONT STYLE="font-size: 10pt">. . . . . . . . .
.. . . . . . . . . . . . . . . . . . . .</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_003.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4.5pt Arial, Helvetica, Sans-Serif; margin: 0.4pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/11.25pt Arial, Helvetica, Sans-Serif; margin-top: 3.4pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">12)</FONT></TD><TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Check</FONT> <FONT STYLE="font-size: 10pt">if <FONT STYLE="letter-spacing: -0.15pt">the</FONT>
<FONT STYLE="letter-spacing: -0.25pt">Aggregate</FONT> <FONT STYLE="letter-spacing: -0.3pt">Amount </FONT>in <FONT STYLE="letter-spacing: -0.2pt">Row
(11) Excludes Certain</FONT> <FONT STYLE="letter-spacing: -0.25pt">Shares</FONT> <FONT STYLE="letter-spacing: -0.2pt">(See Instructions)</FONT>
.. . . . . . . . . . . .</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 5pt"><B>.</B> . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_003.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.2pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 141.65pt; text-align: center">9.13%</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 13.8pt; text-align: center"><FONT STYLE="letter-spacing: -0.2pt">13)
</FONT><FONT STYLE="letter-spacing: -0.25pt">Percent </FONT><FONT STYLE="letter-spacing: -0.15pt">of </FONT><FONT STYLE="letter-spacing: -0.2pt">Class
</FONT><FONT STYLE="letter-spacing: -0.25pt">Represented </FONT><FONT STYLE="letter-spacing: -0.15pt">by </FONT><FONT STYLE="letter-spacing: -0.25pt">Amount
</FONT>in <FONT STYLE="letter-spacing: -0.2pt">Row (11) </FONT><FONT STYLE="letter-spacing: 0.35pt">.. </FONT>. . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_005.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.2pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 57.05pt; text-align: center">CO</P>

<P STYLE="font: 10pt/11.05pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 23pt"><FONT STYLE="letter-spacing: -0.2pt">14) Type</FONT>
<FONT STYLE="letter-spacing: -0.15pt">of </FONT><FONT STYLE="letter-spacing: -0.25pt">Reporting Person</FONT> <FONT STYLE="letter-spacing: -0.2pt">(See
Instructions)</FONT> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 41pt">. . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </P>


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<TD STYLE="width: 23pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">1)</FONT></TD><TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Names </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">of
</FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Reporting Persons </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">I.R.S.
Identification Nos. </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">of </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">Above
</FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Persons </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">(entities</FONT>
<FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">only)</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 6.5pt; text-align: center">Realty Advisors, Inc.</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 41.25pt; text-align: center">. . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. </P>

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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4.5pt Arial, Helvetica, Sans-Serif; margin: 0.4pt 0 0">&nbsp;</P>

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<TD STYLE="width: 23pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">2)</FONT></TD><TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Check </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">the
</FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Appropriate </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">Box
</FONT><FONT STYLE="font-size: 10pt">if a <FONT STYLE="letter-spacing: -0.3pt">Member </FONT><FONT STYLE="letter-spacing: -0.15pt">of
</FONT>a <FONT STYLE="letter-spacing: -0.25pt">Group </FONT><FONT STYLE="letter-spacing: -0.2pt">(See Instructions)</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/11.05pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 41pt"><FONT STYLE="letter-spacing: -0.15pt">(a)</FONT>
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . </P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 41pt"><FONT STYLE="letter-spacing: -0.15pt">(b)</FONT>
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4.5pt Arial, Helvetica, Sans-Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3.4pt 0 0 23pt"><FONT STYLE="letter-spacing: -0.15pt">3) </FONT> <FONT STYLE="letter-spacing: -0.2pt">SEC</FONT>
<FONT STYLE="letter-spacing: -0.15pt">Use</FONT> <FONT STYLE="letter-spacing: -0.2pt">Only</FONT> . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.2pt Arial, Helvetica, Sans-Serif; margin: 0 63.45pt 0 41.25pt; text-align: center">WC</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 23pt"><FONT STYLE="letter-spacing: -0.15pt">4) </FONT>
<FONT STYLE="letter-spacing: -0.2pt">Source</FONT> <FONT STYLE="letter-spacing: -0.15pt">of </FONT><FONT STYLE="letter-spacing: -0.25pt">Funds</FONT>
<FONT STYLE="letter-spacing: -0.2pt">(See Instructions)</FONT> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4.5pt Arial, Helvetica, Sans-Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 3.4pt 0 0 23pt"><FONT STYLE="letter-spacing: -0.15pt">5) </FONT>
<FONT STYLE="letter-spacing: -0.25pt">Check</FONT> if <FONT STYLE="letter-spacing: -0.2pt">Disclosure</FONT> <FONT STYLE="letter-spacing: -0.15pt">of
</FONT><FONT STYLE="letter-spacing: -0.25pt">Legal Proceedings</FONT> is <FONT STYLE="letter-spacing: -0.25pt">Required Pursuant</FONT>
to <FONT STYLE="letter-spacing: -0.2pt">Items 2(d)</FONT> <FONT STYLE="letter-spacing: -0.15pt">or</FONT> <FONT STYLE="letter-spacing: -0.2pt">2(e)</FONT>
.. . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 5pt"><B>.</B> . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.2pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 3.75pt; text-align: center">Nevada</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 13.8pt; text-align: center">6) Citizenship or Place of
Organization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 3.5in">10,043,501*</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 1in">7)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sole Voting Power &#9;..............................................................................................</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">Number of&#9;<U></U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;___________________________________________________________________________</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0 0 0 4in; text-align: justify; text-indent: -4in">Shares&#9;&#9;</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-0-<BR></P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">Beneficially&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shared Voting Power &#9;..........................................................................................</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">Owned by&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;___________________________________________________________________________</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0 0 0 3.5in; text-align: justify; text-indent: -3.5in">Each Reporting&#9;</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,043,501*</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">Person With&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sole Dispositive Power &#9;.......................................................................................</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 1in">___________________________________________________________________________</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0 0 0 3.5in; text-align: justify; text-indent: 0.5in">-0-</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 1in">10)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shared Dispositive Power &#9;...................................................................................</P>


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.5pt 0 0">&nbsp;</P>

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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.5pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 365pt">14,499,824**</P>

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<TD STYLE="width: 23pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">11)</FONT></TD><TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Aggregate</FONT> <FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">Amount</FONT>
<FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">Beneficially</FONT> <FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">Owned</FONT>
<FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">by</FONT> <FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">Each</FONT>
<FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Reporting Person</FONT> <FONT STYLE="font-size: 10pt">. . . . . . . . .
.. . . . . . . . . . . . . . . . . . . .</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4.5pt Arial, Helvetica, Sans-Serif; margin: 0.4pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/11.25pt Arial, Helvetica, Sans-Serif; margin-top: 3.4pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">12)</FONT></TD><TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Check</FONT> <FONT STYLE="font-size: 10pt">if <FONT STYLE="letter-spacing: -0.15pt">the</FONT>
<FONT STYLE="letter-spacing: -0.25pt">Aggregate</FONT> <FONT STYLE="letter-spacing: -0.3pt">Amount </FONT>in <FONT STYLE="letter-spacing: -0.2pt">Row
(11) Excludes Certain</FONT> <FONT STYLE="letter-spacing: -0.25pt">Shares</FONT> <FONT STYLE="letter-spacing: -0.2pt">(See Instructions)</FONT>
.. . . . . . . . . . . .</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 5pt"><B>.</B> . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.2pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 293pt">90.64%</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 23pt"><FONT STYLE="letter-spacing: -0.2pt">13)</FONT>
<FONT STYLE="letter-spacing: -0.25pt">Percent</FONT> <FONT STYLE="letter-spacing: -0.15pt">of</FONT> <FONT STYLE="letter-spacing: -0.2pt">Class</FONT>
<FONT STYLE="letter-spacing: -0.25pt">Represented</FONT> <FONT STYLE="letter-spacing: -0.15pt">by</FONT> <FONT STYLE="letter-spacing: -0.25pt">Amount</FONT>
in <FONT STYLE="letter-spacing: -0.2pt">Row (11)</FONT> <FONT STYLE="letter-spacing: 0.35pt">..</FONT> . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.2pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 57.05pt; text-align: center">CO</P>

<P STYLE="font: 10pt/11.05pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 23pt"><FONT STYLE="letter-spacing: -0.2pt">14) Type</FONT>
<FONT STYLE="letter-spacing: -0.15pt">of </FONT><FONT STYLE="letter-spacing: -0.25pt">Reporting Person</FONT> <FONT STYLE="letter-spacing: -0.2pt">(See
Instructions)</FONT> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 41pt">. . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_012.gif" ALT="" STYLE="width: 186px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4pt Arial, Helvetica, Sans-Serif; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 9pt/96% Arial, Helvetica, Sans-Serif; margin: 3.8pt 8.2pt 0 5pt; text-indent: 0.25in">*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
least 5,451,508 of such shares were previously reported as held by Realty Advisors, LLC, the sole Member of which is Realty Advisors,
Inc., which shares are actually held in accounts of Realty Advisors, Inc.</P>

<P STYLE="font: 8.5pt Arial, Helvetica, Sans-Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 9pt/96% Arial, Helvetica, Sans-Serif; margin: 0 8.2pt 0 5pt; text-indent: 0.25in">**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="letter-spacing: -0.15pt">Includes</FONT>
(i) 1,429,828 shares (9.13%) owned by RA Stock Holdings, Inc., <FONT STYLE="letter-spacing: -0.15pt">which</FONT> is <FONT STYLE="letter-spacing: -0.25pt">wholly
owned</FONT> <FONT STYLE="letter-spacing: -0.15pt">by</FONT> <FONT STYLE="letter-spacing: -0.2pt">Realty Advisors, </FONT>LLC,
(ii) 2,470,000 shares (15.44%) owned by Realty Advisors, LLC, the sole member of which is Realty Advisors, Inc.,</P>

<P STYLE="font: 11pt/96% Arial, Helvetica, Sans-Serif; margin: 0.05pt 8.55pt 0 5pt; text-indent: 0in"><FONT STYLE="font-size: 9pt; letter-spacing: -0.1pt">(iii)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; letter-spacing: -0.1pt">&nbsp;
</FONT><FONT STYLE="font-size: 9pt">556,495 shares (3.48%) owned by Arcadian <FONT STYLE="letter-spacing: -0.15pt">Energy, </FONT>Inc.,
which is wholly owned by Realty Advisors, Inc., and (iv) 10,043,501 shares (62.78%) owned by Realty Advisors, Inc.</FONT></P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.15pt 0 0">&nbsp;</P>

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<TD STYLE="width: 23pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">1)</FONT></TD><TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Names </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">of
</FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Reporting Persons </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">I.R.S.
Identification Nos. </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">of </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">Above
</FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Persons </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">(entities</FONT>
<FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">only)</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 6.2pt; text-align: center">Transcontinental Realty
Investors, Inc.</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 41.25pt; text-align: center">. . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_005.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4.5pt Arial, Helvetica, Sans-Serif; margin: 0.4pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/11.25pt Arial, Helvetica, Sans-Serif; margin-top: 3.4pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">2)</FONT></TD><TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Check </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">the
</FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Appropriate </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">Box
</FONT><FONT STYLE="font-size: 10pt">if a <FONT STYLE="letter-spacing: -0.3pt">Member </FONT><FONT STYLE="letter-spacing: -0.15pt">of
</FONT>a <FONT STYLE="letter-spacing: -0.25pt">Group </FONT><FONT STYLE="letter-spacing: -0.2pt">(See Instructions)</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/11.05pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 41pt"><FONT STYLE="letter-spacing: -0.15pt">(a)</FONT>
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . </P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 41pt"><FONT STYLE="letter-spacing: -0.15pt">(b)</FONT>
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . .</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_005.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4.5pt Arial, Helvetica, Sans-Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3.4pt 0 0 23pt"><FONT STYLE="letter-spacing: -0.15pt">3) </FONT> <FONT STYLE="letter-spacing: -0.2pt">SEC</FONT>
<FONT STYLE="letter-spacing: -0.15pt">Use</FONT> <FONT STYLE="letter-spacing: -0.2pt">Only</FONT> . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_005.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.2pt Arial, Helvetica, Sans-Serif; margin: 0 64.95pt 0 41.25pt; text-align: center">OO</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 23pt"><FONT STYLE="letter-spacing: -0.15pt">4) </FONT>
<FONT STYLE="letter-spacing: -0.2pt">Source</FONT> <FONT STYLE="letter-spacing: -0.15pt">of </FONT><FONT STYLE="letter-spacing: -0.25pt">Funds</FONT>
<FONT STYLE="letter-spacing: -0.2pt">(See Instructions)</FONT> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_007.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4.5pt Arial, Helvetica, Sans-Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 3.4pt 0 0 23pt"><FONT STYLE="letter-spacing: -0.15pt">5) </FONT>
<FONT STYLE="letter-spacing: -0.25pt">Check</FONT> if <FONT STYLE="letter-spacing: -0.2pt">Disclosure</FONT> <FONT STYLE="letter-spacing: -0.15pt">of
</FONT><FONT STYLE="letter-spacing: -0.25pt">Legal Proceedings</FONT> is <FONT STYLE="letter-spacing: -0.25pt">Required Pursuant</FONT>
to <FONT STYLE="letter-spacing: -0.2pt">Items 2(d)</FONT> <FONT STYLE="letter-spacing: -0.15pt">or</FONT> <FONT STYLE="letter-spacing: -0.2pt">2(e)</FONT>
.. . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 5pt"><B>.</B> . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_007.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.2pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 3.75pt; text-align: center">Nevada</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 13.8pt; text-align: center">6) Citizenship or Place of
Organization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_004.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 3.5in">140,000*</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 1in">7)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sole Voting Power &#9;..............................................................................................</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">Number of&#9;<U></U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;___________________________________________________________________________</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0 0 0 4in; text-align: justify; text-indent: -4in">Shares&#9;&#9;</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-0-<BR></P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">Beneficially&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shared Voting Power &#9;..........................................................................................</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">Owned by&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;___________________________________________________________________________</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0 0 0 3.5in; text-align: justify; text-indent: -3.5in">Each Reporting&#9;</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140,000*</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">Person With&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sole Dispositive Power &#9;.......................................................................................</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 1in">___________________________________________________________________________</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0 0 0 3.5in; text-align: justify; text-indent: 0.5in">-0-</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 1in">10)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shared Dispositive Power &#9;...................................................................................</P>


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_013.gif" ALT="" STYLE="width: 530px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.2pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 54.05pt; text-align: center">-0-</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 67.95pt; text-align: center"><FONT STYLE="letter-spacing: -0.2pt">10)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="letter-spacing: -0.25pt">Shared</FONT>
<FONT STYLE="letter-spacing: -0.2pt">Dispositive</FONT> <FONT STYLE="letter-spacing: -0.3pt">Power</FONT> . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_003.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.5pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 365pt">140,000*</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/11.25pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">11)</FONT></TD><TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Aggregate</FONT> <FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">Amount</FONT>
<FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">Beneficially</FONT> <FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">Owned</FONT>
<FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">by</FONT> <FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">Each</FONT>
<FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Reporting Person</FONT> <FONT STYLE="font-size: 10pt">. . . . . . . . .
.. . . . . . . . . . . . . . . . . . . .</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_003.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4.5pt Arial, Helvetica, Sans-Serif; margin: 0.4pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/11.25pt Arial, Helvetica, Sans-Serif; margin-top: 3.4pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">12)</FONT></TD><TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Check</FONT> <FONT STYLE="font-size: 10pt">if <FONT STYLE="letter-spacing: -0.15pt">the</FONT>
<FONT STYLE="letter-spacing: -0.25pt">Aggregate</FONT> <FONT STYLE="letter-spacing: -0.3pt">Amount </FONT>in <FONT STYLE="letter-spacing: -0.2pt">Row
(11) Excludes Certain</FONT> <FONT STYLE="letter-spacing: -0.25pt">Shares</FONT> <FONT STYLE="letter-spacing: -0.2pt">(See Instructions)</FONT>
.. . . . . . . . . . . .</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 5pt"><B>.</B> . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . .</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_004.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.2pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 141.65pt; text-align: center">0.94%</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 13.8pt; text-align: center"><FONT STYLE="letter-spacing: -0.2pt">13)
</FONT><FONT STYLE="letter-spacing: -0.25pt">Percent </FONT><FONT STYLE="letter-spacing: -0.15pt">of </FONT><FONT STYLE="letter-spacing: -0.2pt">Class
</FONT><FONT STYLE="letter-spacing: -0.25pt">Represented </FONT><FONT STYLE="letter-spacing: -0.15pt">by </FONT><FONT STYLE="letter-spacing: -0.25pt">Amount
</FONT>in <FONT STYLE="letter-spacing: -0.2pt">Row (11) </FONT><FONT STYLE="letter-spacing: 0.35pt">.. </FONT>. . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_005.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.2pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 57.05pt; text-align: center">CO</P>

<P STYLE="font: 10pt/11.05pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 23pt"><FONT STYLE="letter-spacing: -0.2pt">14) Type</FONT>
<FONT STYLE="letter-spacing: -0.15pt">of </FONT><FONT STYLE="letter-spacing: -0.25pt">Reporting Person</FONT> <FONT STYLE="letter-spacing: -0.2pt">(See
Instructions)</FONT> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 41pt">. . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_014.gif" ALT="" STYLE="width: 186px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4pt Arial, Helvetica, Sans-Serif; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 9pt/96% Arial, Helvetica, Sans-Serif; margin: 3.8pt 8.25pt 0 5pt; text-align: justify; text-indent: 0.25in">* 229,214
shares were previously reported, but a <FONT STYLE="letter-spacing: -0.15pt">physical</FONT> count in June 2018 revealed only 140,000
held. As the shares were previously pledged as collateral to Metropolitan <FONT STYLE="letter-spacing: -0.15pt">Savings,</FONT>
it is believed that such institution sold 89,214 shares into the market.</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.15pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 3.35pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">1)</FONT></TD><TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Names </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">of
</FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Reporting Persons </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">I.R.S.
Identification Nos. </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">of </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">Above
</FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Persons </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">(entities</FONT>
<FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">only)</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 6.2pt; text-align: center">The Gene E. Phillips Children&#8217;s
Trust</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 41.25pt; text-align: center">. . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_004.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4.5pt Arial, Helvetica, Sans-Serif; margin: 0.4pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/11.25pt Arial, Helvetica, Sans-Serif; margin-top: 3.4pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">2)</FONT></TD><TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Check </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">the
</FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Appropriate </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">Box
</FONT><FONT STYLE="font-size: 10pt">if a <FONT STYLE="letter-spacing: -0.3pt">Member </FONT><FONT STYLE="letter-spacing: -0.15pt">of
</FONT>a <FONT STYLE="letter-spacing: -0.25pt">Group </FONT><FONT STYLE="letter-spacing: -0.2pt">(See Instructions)</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/11.05pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 41pt"><FONT STYLE="letter-spacing: -0.15pt">(a)</FONT>
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . </P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 41pt"><FONT STYLE="letter-spacing: -0.15pt">(b)</FONT>
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_003.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4.5pt Arial, Helvetica, Sans-Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3.4pt 0 0 23pt"><FONT STYLE="letter-spacing: -0.15pt">3) </FONT> <FONT STYLE="letter-spacing: -0.2pt">SEC</FONT>
<FONT STYLE="letter-spacing: -0.15pt">Use</FONT> <FONT STYLE="letter-spacing: -0.2pt">Only</FONT> . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_003.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.2pt Arial, Helvetica, Sans-Serif; margin: 0 64.95pt 0 41.25pt; text-align: center">OO</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 23pt"><FONT STYLE="letter-spacing: -0.15pt">4) </FONT>
<FONT STYLE="letter-spacing: -0.2pt">Source</FONT> <FONT STYLE="letter-spacing: -0.15pt">of </FONT><FONT STYLE="letter-spacing: -0.25pt">Funds</FONT>
<FONT STYLE="letter-spacing: -0.2pt">(See Instructions)</FONT> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_005.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4.5pt Arial, Helvetica, Sans-Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 3.4pt 0 0 23pt"><FONT STYLE="letter-spacing: -0.15pt">5) </FONT>
<FONT STYLE="letter-spacing: -0.25pt">Check</FONT> if <FONT STYLE="letter-spacing: -0.2pt">Disclosure</FONT> <FONT STYLE="letter-spacing: -0.15pt">of
</FONT><FONT STYLE="letter-spacing: -0.25pt">Legal Proceedings</FONT> is <FONT STYLE="letter-spacing: -0.25pt">Required Pursuant</FONT>
to <FONT STYLE="letter-spacing: -0.2pt">Items 2(d)</FONT> <FONT STYLE="letter-spacing: -0.15pt">or</FONT> <FONT STYLE="letter-spacing: -0.2pt">2(e)</FONT>
.. . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 5pt"><B>.</B> . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_003.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.2pt Arial, Helvetica, Sans-Serif; margin: 0 53.65pt 0 41.25pt; text-align: center">Texas</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 13.8pt; text-align: center">6) Citizenship or Place of
Organization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_007.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 3.5in">27,602</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 1in">7)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sole Voting Power &#9;..............................................................................................</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">Number of&#9;<U></U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;___________________________________________________________________________</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0 0 0 4in; text-align: justify; text-indent: -4in">Shares&#9;&#9;</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-0-<BR></P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">Beneficially&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shared Voting Power &#9;..........................................................................................</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">Owned by&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;___________________________________________________________________________</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0 0 0 3.5in; text-align: justify; text-indent: -3.5in">Each Reporting&#9;</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27,602</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">Person With&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sole Dispositive Power &#9;.......................................................................................</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 1in">___________________________________________________________________________</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0 0 0 3.5in; text-align: justify; text-indent: 0.5in">-0-</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 1in">10)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shared Dispositive Power &#9;...................................................................................</P>


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_007.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.5pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 365pt">27,602</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/11.25pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">11)</FONT></TD><TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Aggregate</FONT> <FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">Amount</FONT>
<FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">Beneficially</FONT> <FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">Owned</FONT>
<FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">by</FONT> <FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">Each</FONT>
<FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Reporting Person</FONT> <FONT STYLE="font-size: 10pt">. . . . . . . . .
.. . . . . . . . . . . . . . . . . . . .</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_007.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4.5pt Arial, Helvetica, Sans-Serif; margin: 0.4pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/11.25pt Arial, Helvetica, Sans-Serif; margin-top: 3.4pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">12)</FONT></TD><TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Check</FONT> <FONT STYLE="font-size: 10pt">if <FONT STYLE="letter-spacing: -0.15pt">the</FONT>
<FONT STYLE="letter-spacing: -0.25pt">Aggregate</FONT> <FONT STYLE="letter-spacing: -0.3pt">Amount </FONT>in <FONT STYLE="letter-spacing: -0.2pt">Row
(11) Excludes Certain</FONT> <FONT STYLE="letter-spacing: -0.25pt">Shares</FONT> <FONT STYLE="letter-spacing: -0.2pt">(See Instructions)</FONT>
.. . . . . . . . . . . .</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 5pt"><B>.</B> . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_007.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.2pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 293pt">0.172%</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 23pt"><FONT STYLE="letter-spacing: -0.2pt">13)</FONT>
<FONT STYLE="letter-spacing: -0.25pt">Percent</FONT> <FONT STYLE="letter-spacing: -0.15pt">of</FONT> <FONT STYLE="letter-spacing: -0.2pt">Class</FONT>
<FONT STYLE="letter-spacing: -0.25pt">Represented</FONT> <FONT STYLE="letter-spacing: -0.15pt">by</FONT> <FONT STYLE="letter-spacing: -0.25pt">Amount</FONT>
in <FONT STYLE="letter-spacing: -0.2pt">Row (11)</FONT> <FONT STYLE="letter-spacing: 0.35pt">..</FONT> . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_002.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.2pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 57.5pt; text-align: center">OO</P>

<P STYLE="font: 10pt/11.05pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 23pt"><FONT STYLE="letter-spacing: -0.2pt">14) Type</FONT>
<FONT STYLE="letter-spacing: -0.15pt">of </FONT><FONT STYLE="letter-spacing: -0.25pt">Reporting Person</FONT> <FONT STYLE="letter-spacing: -0.2pt">(See
Instructions)</FONT> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 41pt">. . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.15pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 3.35pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 41pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">1)</FONT></TD><TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Names </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">of
</FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Reporting Persons </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">I.R.S.
Identification Nos. </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">of </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">Above
</FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Persons </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">(entities
only)</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Arial, Helvetica, Sans-Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 6.15pt; text-align: center">May Realty Holdings,
Inc. (formerly, Realty Advisors Management, Inc.)</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 41.25pt; text-align: center">. . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_003.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4.5pt Arial, Helvetica, Sans-Serif; margin: 0.4pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/11.25pt Arial, Helvetica, Sans-Serif; margin-top: 3.4pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 41pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">2)</FONT></TD><TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Check </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">the
</FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Appropriate </FONT><FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">Box
</FONT><FONT STYLE="font-size: 10pt">if a <FONT STYLE="letter-spacing: -0.3pt">Member </FONT><FONT STYLE="letter-spacing: -0.2pt">of
</FONT>a <FONT STYLE="letter-spacing: -0.25pt">Group </FONT><FONT STYLE="letter-spacing: -0.2pt">(See Instructions)</FONT></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/11.05pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 77pt"><FONT STYLE="letter-spacing: -0.15pt">(a)</FONT>
<FONT STYLE="letter-spacing: 0.25pt">..</FONT> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . </P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 77pt"><FONT STYLE="letter-spacing: -0.15pt">(b)</FONT>
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_003.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4.5pt Arial, Helvetica, Sans-Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3.4pt 0 0 41pt"><FONT STYLE="letter-spacing: -0.15pt">3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">SEC</FONT>
<FONT STYLE="letter-spacing: -0.15pt">Use</FONT> <FONT STYLE="letter-spacing: -0.2pt">Only</FONT> . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_003.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.2pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 59pt; text-align: center">WC</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 41pt"><FONT STYLE="letter-spacing: -0.15pt">4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">Source</FONT>
<FONT STYLE="letter-spacing: -0.15pt">of </FONT><FONT STYLE="letter-spacing: -0.25pt">Funds</FONT> <FONT STYLE="letter-spacing: -0.2pt">(See
Instructions)</FONT> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_005.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4.5pt Arial, Helvetica, Sans-Serif; margin: 0.4pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 3.4pt 0 0 41pt"><FONT STYLE="letter-spacing: -0.15pt">5)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="letter-spacing: -0.25pt">Check</FONT>
if <FONT STYLE="letter-spacing: -0.2pt">Disclosure</FONT> <FONT STYLE="letter-spacing: -0.15pt">of</FONT> <FONT STYLE="letter-spacing: -0.25pt">Legal
Proceedings</FONT> is <FONT STYLE="letter-spacing: -0.25pt">Required Pursuant</FONT> to <FONT STYLE="letter-spacing: -0.2pt">Items
2(d)</FONT> <FONT STYLE="letter-spacing: -0.15pt">or</FONT> <FONT STYLE="letter-spacing: -0.2pt">2(e)</FONT> . . . . . . . .</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 5pt"><B>.</B> . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_005.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.2pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 1.05in; text-align: center">Nevada</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 31.85pt; text-align: center"><FONT STYLE="letter-spacing: -0.15pt">6)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="letter-spacing: -0.2pt">Citizenship</FONT>
<FONT STYLE="letter-spacing: -0.15pt">or</FONT> <FONT STYLE="letter-spacing: -0.2pt">Place</FONT> <FONT STYLE="letter-spacing: -0.15pt">of
</FONT><FONT STYLE="letter-spacing: -0.25pt">Organization</FONT> <FONT STYLE="letter-spacing: 0.25pt">..</FONT> . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_007.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 3.5in">-0-</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 1in">7)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sole Voting Power &#9;..............................................................................................</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">Number of&#9;<U></U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;___________________________________________________________________________</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0 0 0 4in; text-align: justify; text-indent: -4in">Shares&#9;&#9;</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-0-<BR></P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">Beneficially&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shared Voting Power &#9;..........................................................................................</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">Owned by&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;___________________________________________________________________________</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0 0 0 3.5in; text-align: justify; text-indent: -3.5in">Each Reporting&#9;</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-0-</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify">Person With&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sole Dispositive Power &#9;.......................................................................................</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 1in">___________________________________________________________________________</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0 0 0 3.5in; text-align: justify; text-indent: 0.5in">-0-</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 1in">10)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shared Dispositive Power &#9;...................................................................................</P>


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_008.gif" ALT="" STYLE="width: 530px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.2pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 54.15pt; text-align: center">-0-</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 67.95pt; text-align: center"><FONT STYLE="letter-spacing: -0.2pt">10)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="letter-spacing: -0.25pt">Shared</FONT>
<FONT STYLE="letter-spacing: -0.2pt">Dispositive</FONT> <FONT STYLE="letter-spacing: -0.3pt">Power</FONT> . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_007.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.5pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 401pt">14,499,824*</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/11.25pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 41pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">11)</FONT></TD><TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Aggregate</FONT> <FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">Amount</FONT>
<FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">Beneficially</FONT> <FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">Owned</FONT>
<FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">by</FONT> <FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">Each</FONT>
<FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Reporting Person</FONT> <FONT STYLE="font-size: 10pt">. . . . . . . . .
.. . . . . . . . . . . . .</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_002.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4.5pt Arial, Helvetica, Sans-Serif; margin: 0.4pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/11.25pt Arial, Helvetica, Sans-Serif; margin-top: 3.4pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 41pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">12)</FONT></TD><TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Check</FONT> <FONT STYLE="font-size: 10pt">if <FONT STYLE="letter-spacing: -0.15pt">the</FONT>
<FONT STYLE="letter-spacing: -0.25pt">Aggregate Amount</FONT> in <FONT STYLE="letter-spacing: -0.2pt">Row (11) Excludes Certain</FONT>
<FONT STYLE="letter-spacing: -0.25pt">Shares</FONT> <FONT STYLE="letter-spacing: -0.2pt">(See Instructions)</FONT> . . . . .</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 5pt"><B>.</B> . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_007.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.2pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 329pt">90.64%</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/11.25pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 41pt"></TD><TD STYLE="width: 36pt"><FONT STYLE="font-size: 10pt; letter-spacing: -0.3pt">13)</FONT></TD><TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Percent</FONT> <FONT STYLE="font-size: 10pt; letter-spacing: -0.2pt">of
Class</FONT> <FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Represented</FONT> <FONT STYLE="font-size: 10pt; letter-spacing: -0.15pt">by</FONT>
<FONT STYLE="font-size: 10pt; letter-spacing: -0.25pt">Amount</FONT> <FONT STYLE="font-size: 10pt">in <FONT STYLE="letter-spacing: -0.2pt">Row
(11)</FONT> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_003.gif" ALT="" STYLE="width: 626px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/9.2pt Arial, Helvetica, Sans-Serif; margin: 0 9.35pt 0 129.05pt; text-align: center">CO</P>

<P STYLE="font: 10pt/11.05pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 41pt"><FONT STYLE="letter-spacing: -0.2pt">14)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Type</FONT>
<FONT STYLE="letter-spacing: -0.15pt">of </FONT><FONT STYLE="letter-spacing: -0.25pt">Reporting Person</FONT> <FONT STYLE="letter-spacing: -0.2pt">(See
Instructions)</FONT> .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</P>

<P STYLE="font: 10pt/11.25pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 41pt">. . . . . . . . . . . . . . . . . . . . . . . .
.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . </P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.55pt 0 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_009.gif" ALT="" STYLE="width: 186px; height: 2px"></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 4pt Arial, Helvetica, Sans-Serif; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 9pt/96% Arial, Helvetica, Sans-Serif; margin: 3.8pt 8pt 0 5pt; text-align: justify; text-indent: 0.5in">*&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Includes
(i) 1,429,828 Shares (9.13%) owned by RA Stock <FONT STYLE="letter-spacing: -0.15pt">Holdings,</FONT> <FONT STYLE="letter-spacing: -0.2pt">Inc.,
which</FONT> is <FONT STYLE="letter-spacing: -0.25pt">wholly owned</FONT> <FONT STYLE="letter-spacing: -0.15pt">by</FONT> Realty
Advisors, LLC, (ii) 2,470,000 Shares (15.44%) owned directly by Realty Advisors, LLC, the sole member of which is Realty Advisors,
Inc., (iii) 556,495 Shares (3.48%) owned by Arcadian <FONT STYLE="letter-spacing: -0.15pt">Energy,</FONT> Inc., which is a wholly
owned subsidiary of Realty Advisors, Inc., and (iv) 10,043,501 Shares owned directly by Realty Advisors, Inc., which is wholly
owned by <FONT STYLE="letter-spacing: -0.1pt">May</FONT> Realty Holdings, Inc.</P>


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<P STYLE="font: 11pt/11.7pt Times New Roman, Times, Serif; margin: 0 0 0 1pt"><B>Item 1. Security and Issuer</B></P>

<P STYLE="font: 11pt/11.7pt Times New Roman, Times, Serif; margin: 0 0 0 1pt">&nbsp;</P>

<P STYLE="font: 11pt/101% Times New Roman, Times, Serif; margin: 3.1pt 8.05pt 0 5pt; text-align: justify; text-indent: 0.5in">This
Amendment No. 18 to Statement on Schedule 13D (this &#8220;<U>Amendment No. 18</U>&#8221;) relates to shares of Common Stock, par
value $0.01 per share (the &#8220;<U>Shares</U>&#8221;) of American Realty Investors, Inc., a Nevada corporation (the &#8220;<U>Issuer</U>&#8221;
or &#8220;<U>ARL</U>&#8221;), and further amends the original Statement on Schedule 13D as amended by Amendment Nos. 1 through
16 thereto (the &#8220;<U>Amended Statement</U>&#8221;) previously filed with the Securities and Exchange Commission (the &#8220;<U>Commission</U>&#8221;)
by the &#8220;Reporting Persons&#8221; described below. The principal executive offices of the Issuer are located at 1603 LBJ Freeway,
Suite 800, Dallas, Texas 75234. The Shares are listed and <FONT STYLE="letter-spacing: 0.1pt">traded </FONT>on the New York Stock
Exchange (&#8220;<U>NYSE</U>&#8221;). The CUSIP number of the Shares is 029174-10-9.</P>

<P STYLE="font: 11.5pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/101% Times New Roman, Times, Serif; margin: 0 8.25pt 0 5pt; text-align: justify; text-indent: 0.5in">This
Amendment No. 18 to Schedule 13D is being filed to reflect the correct number of Shares held by two of the Reporting Persons, following
account confirmations concluded on June 15, 2020.</P>

<P STYLE="font: 11.5pt Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0 5pt"><B>Item 2. Identity and Background</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.35pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 41pt">Item 2 of the Amended Statement is hereby further amended
as follows:</P>

<P STYLE="font: 11.5pt Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/101% Times New Roman, Times, Serif; margin: 0 8.05pt 0 41pt; text-align: justify; text-indent: 0.5in">(a)-(c)
This Amendment No. 18 is filed on behalf of The Gene E. Phillips Children&#8217;s Trust, a trust formed under the laws of the State
of Texas (the &#8220;<U>GEP Trust</U>&#8221;), Transcontinental Realty Investors, Inc., a Nevada corporation (&#8220;<U>TCI</U>&#8221;),
May Realty Holdings, Inc. (formerly, Realty Advisors Management, Inc.), a Nevada corporation (&#8220;<U>MRHI</U>&#8221;), Realty
Advisors, Inc., a Nevada corporation (&#8220;<U>RAI</U>&#8221;), the sole stockholder of which is MRHI, Realty Advisors, LLC, a
Nevada limited liability <FONT STYLE="letter-spacing: -0.15pt">company (&#8220;<U>RALLC</U>&#8221;),</FONT> the sole <FONT STYLE="letter-spacing: -0.15pt">member</FONT>
of which is RAI and RA Stock Holdings, Inc. <FONT STYLE="letter-spacing: -0.15pt">(formerly, Prime </FONT>Stock Holdings, Inc.),
a Nevada corporation (&#8220;<U>Holdings</U>&#8221;), which is wholly owned by RALLC and Arcadian Energy, Inc., a Nevada corporation
(&#8220;<U>AEI</U>&#8221;), which has been, since December 21, 2017, a wholly owned subsidiary of RAI. Each of the Reporting Persons
has its principal executive offices located at 1603 LBJ Freeway, Suite 300, Dallas, Texas 75234. All of GEP Trust, TCI, MRHI, RAI,
RALLC, Holdings and AEI are collectively referred to as the &#8220;<U>Reporting Persons</U>.&#8221; The Reporting Persons may be
deemed to constitute a &#8220;person&#8221; within the meaning of Section 13(d) of the Securities Exchange Act of 1934, as amended,
because <FONT STYLE="letter-spacing: -0.15pt">Holdings</FONT> is owned by <FONT STYLE="letter-spacing: -0.15pt">RALLC,</FONT> the
sole member of which is RAI, the sole stockholder of which is MRHI, which is beneficially owned by a trust established for the
benefit of Gene E. Phillips&#8217; children. RALLC owns all of the voting securities of Holdings. RAI owns all of the voting securities
of AEI. The executive officers of TCI are also executive officers of MRHI, RAI and RALLC. Bradford A. Phillips serves as a Vice
President of MRHI and is one of the beneficiaries of the GEP Trust. The executive officers of ARL are also executive officers of
TCI.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 5pt"><B>Item 5. Interest in Securities of the Issuer</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.4pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 41pt">The Amended Statement is hereby further amended as follows:</P>

<P STYLE="font: 11.5pt Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/101% Times New Roman, Times, Serif; margin: 0 8.1pt 0 41pt; text-align: justify; text-indent: 0.5in">(a)<FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>According to the latest information available from the Issuer, as of May 14, 2020, the total number of issued and outstanding
Shares was 15,997,076. After giving effect to the matters described in item 5(c), the Reporting Persons own and hold directly and
beneficially the following Shares as of June 15, 2020:</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.05pt 0 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 21%">
        <P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0.05pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 0 0 2.5pt; text-align: left"><B>Name</B></P></TD>
    <TD STYLE="text-align: center; width: 43%; vertical-align: middle">
        <P STYLE="font: 11pt/10.7pt Times New Roman, Times, Serif; margin: 0 16.95pt 0 22.15pt"><B>No. of Shares Owned</B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.3pt 16.95pt 0 22.1pt"><B>Directly</B></P></TD>
    <TD STYLE="width: 36%">
        <P STYLE="font: 11pt/10.7pt Times New Roman, Times, Serif; margin: 0 1.65pt 0 16.65pt; text-align: center"><B>Approximate Percent</B></P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.3pt 1.65pt 0 19.65pt; text-align: center"><B>of Class</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.35pt; padding-left: 2.5pt; text-align: left">AEI</TD>
    <TD STYLE="vertical-align: middle; padding-top: 0.35pt; text-align: center">556,495</TD>
    <TD STYLE="padding-top: 0.35pt; padding-right: 34.8pt; text-align: right">3.48%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 2.5pt; line-height: 11.75pt; text-align: left">GEP Trust</TD>
    <TD STYLE="vertical-align: middle; line-height: 11.75pt; text-align: center">27,602</TD>
    <TD STYLE="padding-right: 34.85pt; line-height: 11.75pt; text-align: right">0.172%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 2.5pt; line-height: 11.75pt; text-align: left">TCI</TD>
    <TD STYLE="vertical-align: middle; line-height: 11.75pt; text-align: center">140,000</TD>
    <TD STYLE="padding-right: 34.85pt; line-height: 11.75pt; text-align: right">0.88%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 2.5pt; line-height: 11.75pt; text-align: left">RALLC</TD>
    <TD STYLE="vertical-align: middle; line-height: 11.75pt; text-align: center">2,470,000</TD>
    <TD STYLE="padding-right: 34.8pt; line-height: 11.75pt; text-align: right">15.44%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 2.5pt; line-height: 11.75pt; text-align: left">RAI</TD>
    <TD STYLE="vertical-align: middle; line-height: 11.75pt; text-align: center">10,043,501</TD>
    <TD STYLE="padding-right: 34.8pt; line-height: 11.75pt; text-align: right">62.78%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 2.5pt; line-height: 11.75pt; text-align: left">MRHI</TD>
    <TD STYLE="vertical-align: middle; line-height: 11.75pt; text-align: center">-0-</TD>
    <TD STYLE="padding-right: 34.75pt; line-height: 11.75pt; text-align: right">0.00%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 2.5pt; line-height: 11.75pt; text-align: left">Holdings</TD>
    <TD STYLE="vertical-align: middle; text-align: center; line-height: 11.75pt"><U>1,459,828</U></TD>
    <TD STYLE="padding-right: 34.8pt; text-align: right; line-height: 11.75pt"><U>9.13%</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: center; line-height: 10.95pt"><FONT STYLE="text-underline-style: double"><U>14,667,426</U></FONT></TD>
    <TD STYLE="padding-right: 34.8pt; text-align: right; line-height: 10.95pt"><FONT STYLE="text-underline-style: double"><U>91.69%</U></FONT></TD></TR>
</TABLE>
<P STYLE="font: 8.5pt Times New Roman, Times, Serif; margin: 0.15pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/101% Times New Roman, Times, Serif; margin: 3.1pt 7.95pt 0 41pt; text-align: justify; text-indent: 0.5in">Pursuant
to Rule 13d-3 under the Exchange Act, each of the directors of Holdings may be deemed to beneficially own the number of Shares
owned by Holdings described above; each of the directors of MRHI may be deemed to beneficially own the number of Shares owned by
RAI, RALLC, Holdings and AEI described above; each of the managers of RALLC may be deemed to beneficially own the number of Shares
beneficially owned by RALLC and Holdings; each of the directors of RAI may be deemed to beneficially own the number of Shares owned
by RALLC, Holdings and AEI described above; the director of AEI may be deemed to beneficially own the number of Shares of AEI described
above; each of the directors of TCI may be deemed to beneficially own the number of Shares owned by TCI described above; the Trustees
of the GEP Trust may be deemed to beneficially own the Shares held directly by the GEP Trust. Those individuals and the number
of Shares deemed beneficially owned pursuant to Rule 13d-3 and the approximate percent of the class, as well as the relationship,
as of June 15, 2020, <FONT STYLE="letter-spacing: 0.15pt">are </FONT>set forth in the following table:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8.5pt Times New Roman, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%">
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0.25pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt/97% Times New Roman, Times, Serif; margin: 0 36.45pt 0 2.5pt; text-align: left"><B>Name of Director and/or
        Manager</B></P></TD>
    <TD STYLE="width: 26%">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 8.5pt Times New Roman, Times, Serif; margin: 0.35pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 14pt 0 11.35pt; text-align: center"><B>Entity</B></P></TD>
    <TD STYLE="text-align: center; width: 24%; vertical-align: bottom">
        <P STYLE="font: 11pt/10.55pt Times New Roman, Times, Serif"><B>No. of Shares Beneficially
        Owned</B></P></TD>
    <TD STYLE="width: 17%">
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0.25pt 0 0; text-align: left">&nbsp;</P>
        <P STYLE="font: 11pt/97% Times New Roman, Times, Serif; margin: 0 0 0 28.25pt; text-align: left; text-indent: -11.05pt"><B>Percent
        of Class</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3.15pt; padding-left: 2.5pt; text-align: left">Donald W. Phillips</TD>
    <TD STYLE="padding-top: 3.15pt; padding-right: 14pt; padding-left: 11.05pt; text-align: center">GEP Trust</TD>
    <TD STYLE="padding-top: 3.15pt; padding-right: 23.95pt; text-align: right">27,602</TD>
    <TD STYLE="padding-top: 3.15pt; padding-right: 9.3pt; text-align: right">0.172%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3.3pt; padding-left: 2.5pt; text-align: left">Mickey Ned Phillips</TD>
    <TD>
        <P STYLE="font: 11pt/12.55pt Times New Roman, Times, Serif; margin: 3.3pt 14pt 0 10.65pt; text-align: center">AEI, RALLC,</P>
        <P STYLE="font: 11pt/98% Times New Roman, Times, Serif; margin: 0 14pt 0 11.35pt; text-align: center">MRHI, Holdings, and RAI</P></TD>
    <TD STYLE="padding-top: 3.3pt; padding-right: 23.65pt; text-align: right">14,499,824</TD>
    <TD STYLE="padding-top: 3.3pt; padding-right: 9pt; text-align: right">90.64%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3.3pt; padding-left: 2.5pt; text-align: left">Henry A. Butler</TD>
    <TD STYLE="padding-top: 3.3pt; padding-right: 13.9pt; padding-left: 11.35pt; text-align: center">TCI</TD>
    <TD STYLE="padding-top: 3.3pt; padding-right: 23.75pt; text-align: right">140,000</TD>
    <TD STYLE="padding-top: 3.3pt; padding-right: 9.15pt; text-align: right">0.88%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3.3pt; padding-left: 2.5pt; text-align: left">William J. Hogan</TD>
    <TD STYLE="padding-top: 3.3pt; padding-right: 13.9pt; padding-left: 11.35pt; text-align: center">TCI</TD>
    <TD STYLE="padding-top: 3.3pt; padding-right: 23.75pt; text-align: right">140,000</TD>
    <TD STYLE="padding-top: 3.3pt; padding-right: 9.15pt; text-align: right">0.88%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3.3pt; padding-left: 2.5pt; text-align: left">Robert A. Jakuszewski</TD>
    <TD STYLE="padding-top: 3.3pt; padding-right: 14pt; padding-left: 11.2pt; text-align: center">TCI</TD>
    <TD STYLE="padding-top: 3.3pt; padding-right: 23.9pt; text-align: right">140,000</TD>
    <TD STYLE="padding-top: 3.3pt; padding-right: 9.25pt; text-align: right">0.88%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3.3pt; padding-left: 2.5pt; text-align: left">Ted R. Munselle</TD>
    <TD STYLE="padding-top: 3.3pt; padding-right: 13.8pt; padding-left: 11.35pt; text-align: center">TCI</TD>
    <TD STYLE="padding-top: 3.3pt; padding-right: 23.7pt; text-align: right">140,000</TD>
    <TD STYLE="padding-top: 3.3pt; padding-right: 9.1pt; text-align: right">0.88%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3.3pt; padding-left: 2.5pt; text-align: left">Robert C. Murray, Sr.</TD>
    <TD STYLE="padding-top: 3.3pt; padding-right: 14pt; padding-left: 11.05pt; text-align: center">AEI</TD>
    <TD STYLE="padding-top: 3.3pt; padding-right: 23.9pt; text-align: right">556,495</TD>
    <TD STYLE="padding-top: 3.3pt; padding-right: 9.25pt; text-align: right">3.48%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3.3pt; padding-left: 2.5pt; text-align: left">Raymond D. Roberts</TD>
    <TD STYLE="padding-top: 3.3pt; padding-right: 14pt; padding-left: 11.2pt; text-align: center">TCI</TD>
    <TD STYLE="padding-top: 3.3pt; padding-right: 23.9pt; text-align: right">140,000</TD>
    <TD STYLE="padding-top: 3.3pt; padding-right: 9.25pt; text-align: right">0.88%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3.3pt; padding-left: 2.5pt; text-align: left">Gina Kay</TD>
    <TD STYLE="padding-top: 3.3pt; padding-right: 14pt; padding-left: 11.2pt; text-align: center">RALLC</TD>
    <TD STYLE="padding-top: 3.3pt; padding-right: 23.9pt; text-align: right">2,470,000</TD>
    <TD STYLE="padding-top: 3.3pt; padding-right: 9.2pt; text-align: right">15.44%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3.3pt; padding-left: 2.5pt; text-align: left">Daniel J. Moos+</TD>
    <TD STYLE="padding-top: 3.3pt; padding-right: 14pt; padding-left: 11.1pt; text-align: center">RALLC</TD>
    <TD STYLE="padding-top: 3.3pt; padding-right: 23.9pt; text-align: right">2,470,000</TD>
    <TD STYLE="padding-top: 3.3pt; padding-right: 9.25pt; text-align: right">15.44%</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3.3pt; padding-left: 2.5pt; line-height: 11.9pt; text-align: left">Christine Van Derwarker</TD>
    <TD STYLE="padding-top: 3.3pt; padding-right: 14pt; padding-left: 10.45pt; line-height: 11.9pt; text-align: center">AEI</TD>
    <TD STYLE="padding-top: 3.3pt; padding-right: 24.2pt; text-align: right; line-height: 11.9pt"><U>556,495</U></TD>
    <TD STYLE="padding-top: 3.3pt; padding-right: 9.55pt; text-align: right; line-height: 11.9pt"><U>3.48%</U></TD></TR>
</TABLE>
<P STYLE="font: 4.5pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 4.5pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/12.25pt Times New Roman, Times, Serif; margin: 0 0 0 11pt">Total Units beneficially owned by Reporting</P>

<P STYLE="font: 11pt/13.9pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 11pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Persons
and individuals listed above (9 persons):&#9;<FONT STYLE="text-underline-style: double">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>7,688,746</U></FONT>*t&#10003;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>88.20%</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="margin: 0"><IMG SRC="image_014.gif" ALT="" STYLE="width: 170px; height: 2px"></P>

<P STYLE="font: 10pt/1pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 4.75pt">&nbsp;</P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 2.05pt 0 0 77pt">+&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Daniel
J. Moos owns directly 5,000 Shares, which are <U>not</U> included in the table.</P>

<P STYLE="font: 11.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/101% Times New Roman, Times, Serif; margin: 0.05pt 8.1pt 0 41pt; text-align: justify; text-indent: 0.5in">(b)<FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Each of the managers of RALLC shares voting and dispositive power over the 2,470,000 Shares held by RALLC. Each of the directors
of Holdings shares voting and dispositive power over the 1,459,828 Shares held by Holdings. Each of the directors of TCI shares
voting and dispositive power over the 140,000 Shares held by TCI. The Trustee of the GEP Trust has complete voting and dispositive
power over the 27,602 Shares held by the GEP Trust. Each of the directors of RAI share voting and dispositive power over the 10,043,501
Shares held by RAI. Each of the directors of AEI shares voting and dispositive power over the 556,495 Shares held by AEI.</P>

<P STYLE="font: 11.5pt Times New Roman, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/101% Times New Roman, Times, Serif; margin: 0.05pt 8.2pt 0 41pt; text-align: justify; text-indent: 0.5in">(c)<FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>During the 60 calendar days ended June 15, 2020, the Reporting Persons and their respective executive officers and directors
or managers did not engage in any transaction involving the Shares or any other equity interest derivative thereof. During June
2020, a complete review was made of all brokerage accounts held by the Reporting Persons to reconcile all Shares held. Also, the
original Arcadian Energy, Inc. merged with and into RAI Acquisitions, Inc., a wholly owned subsidiary of RAI, on December 21, 2017,
which then changed its name to Arcadian Energy, Inc. The original Arcadian Energy, Inc. held 542,303 (3.30%) Shares for more than
two years and 14,188 (0.09%) Shares since April 1, 2020.</P>

<P STYLE="font: 11.5pt Times New Roman, Times, Serif; margin: 0.15pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/101% Times New Roman, Times, Serif; margin: 0.05pt 8.1pt 0 41pt; text-align: justify; text-indent: 0.5in">(d)<FONT STYLE="font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No person other than the Reporting Persons or their respective Board of Directors, Managers or Trustees is known to have
the right to receive or the power to direct receipt of dividends from, or proceeds of sale of, the Shares of ARL Common Stock held
by AEI, RAI, RALLC, Holdings, TCI and/or the GEP Trust.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 77pt"></TD><TD STYLE="width: 36pt">(e)</TD><TD>Not applicable.</TD></TR></TABLE>

<P STYLE="font: 11.5pt Times New Roman, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/101% Times New Roman, Times, Serif; margin: 0 0 0 5pt"><B>Item 6. Contracts, Arrangements, Understandings
or Relationships with Respect to Securities of the Issuer</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.2pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 41pt">Item 6 of the Amended Statement is hereby further amended
to read as follows:</P>

<P STYLE="font: 11.5pt Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/102% Times New Roman, Times, Serif; margin: 0 8.25pt 0 41pt; text-align: justify; text-indent: 0.5in">Of the
Shares owned directly by Arcadian, 104,015 Shares are subject to an accommodation pledge for an obligation of another entity in
connection with a loan from ABC Land &amp; Development, Inc. (&#8220;<B>ABCLD</B>&#8221;), and 48,600 Shares are subject to an
accommodation pledge for a loan to another entity from Shillington.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.25pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/101% Times New Roman, Times, Serif; margin: 0 7.95pt 0 41pt; text-align: justify; text-indent: 0.5in">Of the
Shares owned directly by RAI, 1,142,109 Shares are subject to a pledge for a loan to RAI from ABCLD, and 405,900 Shares are subject
to a pledge for a loan from Shillington to RAI.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/101% Times New Roman, Times, Serif; margin: 0 7.95pt 0 41pt; text-align: justify; text-indent: 0.5in">Of the
Shares owned directly by RAI, 5,589,168 Shares and the 1,459,828 Shares owned by Holdings, all are <FONT STYLE="letter-spacing: 0.1pt">held
</FONT>in <FONT STYLE="letter-spacing: 0.1pt">bank </FONT>and brokerage accounts along with other securities owned by each entity,
and, as such, those Shares may be deemed to be &#8220;collateral&#8221; for any borrowings made from time to time pursuant to customary
margin or other account arrangements with such banks and/or brokers. Such arrangements are standard involving margin securities
of up to a specified percentage of market value of the Shares, as well as other securities in such accounts, bear interest at varying
rates and contain only standard default and similar provisions, the operation of which should not give any other person immediate
voting power or investment power over such Shares.</P>

<P STYLE="font: 11.5pt Times New Roman, Times, Serif; margin: 0.2pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt/101% Times New Roman, Times, Serif; margin: 0 8.05pt 0 41pt; text-align: justify; text-indent: 0.5in">Except
as set forth in the preceding paragraphs, the Reporting Persons do not have any contracts, arrangements, understandings or relationships
(legal or otherwise) with any person with respect to any securities or the Issuer including, but not limited to, transfer of voting
of any of the</P>


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<P STYLE="font: 11pt/101% Times New Roman, Times, Serif; margin: 2.05pt 0 0 41pt">securities, finders&#8217; fees, joint ventures,
loan or option <FONT STYLE="letter-spacing: -0.15pt">arrangements,</FONT> puts or calls, <FONT STYLE="letter-spacing: -0.15pt">guaranties</FONT>
of profits, divisions of profits, divisions of profits or loss, or the giving or withholding of proxies.</P>

<P STYLE="font: 11.5pt Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.05pt 9.35pt 0 6.6pt; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.35pt 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/101% Times New Roman, Times, Serif; margin: 0 8.2pt 0 5pt; text-align: justify; text-indent: 0.5in">After
reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this
Amendment No. 18 to Statement on Schedule 13D is true, complete, and correct.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0.5pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 11pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD COLSPAN="2">Dated: June 18, 2020</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD COLSPAN="2">REALTY ADVISORS, INC.</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">REALTY ADVISORS, INC.</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 5%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 35%">/s/ Daniel J. Moos</TD>
    <TD STYLE="width: 17%">&nbsp;</TD>
    <TD STYLE="width: 5%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 38%">/s/ Daniel J. Moos</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD COLSPAN="2">Daniel J. Moos, President</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Daniel J. Moos, President</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD COLSPAN="2">GENE E. PHILLIPS CHILDREN&rsquo;S TRUST</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">TRANSCONTINENTAL REALTY INVESTORS, INC.</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Donald W. Phillips</TD>
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Daniel J. Moos</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD COLSPAN="2"> Donald W. Phillips, Trustee</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Daniel J. Moos, President</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD COLSPAN="2">RA STOCK HOLDINGS, INC.</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">MAY REALTY HOLDINGS, INC.</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Daniel J. Moos</TD>
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Daniel J. Moos</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD COLSPAN="2">&nbsp;Daniel J. Moos, President </TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Daniel J. Moos, President</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD COLSPAN="2">ARCADIAN ENERGY, INC.</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Robert C. Murray</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD COLSPAN="2">Robert C. Murray, Sr., President</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 41pt"></P>


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<TYPE>GRAPHIC
<SEQUENCE>12
<FILENAME>image_007.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_007.gif
M1TE&.#EA<@(" '< ,2'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E "'Y
M! $     +    0!R @$ @         (71(ZIR^T/HYRTVHNSWKS[#X;B2);F
$.18 .P$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>13
<FILENAME>image_009.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_009.gif
M1TE&.#EAN@ " '< ,2'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E "'Y
G! $     +    0"Z  $ @         (-1(ZIR^T/HYRTVBM! 0 [

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>14
<FILENAME>image_012.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_012.gif
M1TE&.#EAN@ " '< ,2'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E "'Y
M! $     +     "Z  ( @         (;!'*)J\WO(IRRTFLSWKKSGW@B2(YF
(B9YJ"@$% #L!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>15
<FILENAME>image_013.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_013.gif
M1TE&.#EA$@(" '< ,2'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E "'Y
M! $     +    0 2 @$ @         (61(ZIR^T/HYRTVHNSWKS[#X;B2)9!
# 0 [

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>16
<FILENAME>image_014.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_014.gif
M1TE&.#EAN@ " '< ,2'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E "'Y
M! $     +     "Z  ( @         (@A(^IR^T/HYRT6AI WKKS[X7@*);D
-::;HJK;LZ\894   .P$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>17
<FILENAME>image_008.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 image_008.gif
M1TE&.#EA$@(" '< ,2'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E "'Y
M! $     +      2 @( @         (Z1(ZIR^T/HYRTVHNSWKS[#X;B2):
G@0;IJK;LZ\;P+-?T;>?XKO?\[PL"A\(B\6A,(I?*)O/IC#X!!0 [

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
