<SEC-DOCUMENT>0001010549-18-000462.txt : 20181206
<SEC-HEADER>0001010549-18-000462.hdr.sgml : 20181206
<ACCEPTANCE-DATETIME>20181206120201
ACCESSION NUMBER:		0001010549-18-000462
CONFORMED SUBMISSION TYPE:	SC 13D
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20181206
DATE AS OF CHANGE:		20181206

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			New Concept Energy, Inc.
		CENTRAL INDEX KEY:			0000105744
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				752399477
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-38763
		FILM NUMBER:		181219745

	BUSINESS ADDRESS:	
		STREET 1:		1603  LBJ  FREEWAY
		STREET 2:		SUITE 300
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75234
		BUSINESS PHONE:		9724078400

	MAIL ADDRESS:	
		STREET 1:		1603  LBJ  FREEWAY
		STREET 2:		SUITE 300
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75234

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CabelTel International Corp
		DATE OF NAME CHANGE:	20050211

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GREENBRIAR CORP
		DATE OF NAME CHANGE:	19960514

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MEDICAL RESOURCE COMPANIES OF AMERICA
		DATE OF NAME CHANGE:	19920703

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			New Concept Energy, Inc.
		CENTRAL INDEX KEY:			0000105744
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				752399477
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D

	BUSINESS ADDRESS:	
		STREET 1:		1603  LBJ  FREEWAY
		STREET 2:		SUITE 300
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75234
		BUSINESS PHONE:		9724078400

	MAIL ADDRESS:	
		STREET 1:		1603  LBJ  FREEWAY
		STREET 2:		SUITE 300
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75234

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CabelTel International Corp
		DATE OF NAME CHANGE:	20050211

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GREENBRIAR CORP
		DATE OF NAME CHANGE:	19960514

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MEDICAL RESOURCE COMPANIES OF AMERICA
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D
<SEQUENCE>1
<FILENAME>newconcept13d.htm
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<P STYLE="font: 14pt MingLiU-ExtB,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>SECURITIES
AND EXCHANGE COMMISSION</B></FONT></P>

<P STYLE="font: 12pt Helv,sans-serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

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

<P STYLE="font: 12pt Helv,sans-serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 14pt"><B>SCHEDULE
13D</B></FONT></P>

<P STYLE="font: 12pt Helv,sans-serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt MingLiU-ExtB,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9.5pt">Under
the Securities Exchange Act of 1934</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Amendment
No. 1)</FONT></P>

<P STYLE="font: 12pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt MingLiU-ExtB,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">NEW
CONCEPT ENERGY, INC.</FONT></P>

<P STYLE="font: 12pt/0.95pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 1px; width: 624px"></FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Name
of Issuer)</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">Common
Stock, par value $0.01 per share</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 1px; width: 624px">&#9;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Title
of Class of Securities)</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">643611-10-6</FONT></P>

<P STYLE="font: 12pt/0.95pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 1px; width: 624px"></FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">(CUSIP
Number)</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">Steven
C. Metzger</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">3626
N. Hall Street, Suite 800</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">Dallas,
Texas 75219</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">214-740-5030</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">214-523-3838
(Facsimile)</FONT></P>

<P STYLE="font: 12pt/0.95pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 1px; width: 624px"></FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Name,
Address and Telephone Number of Person Authorized to Receive Notices and Communications)</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">December
4, 2018</FONT></P>

<P STYLE="font: 12pt/0.95pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 1px; width: 624px"></FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Date
of Event which Requires Filing of this Statement)</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">If
the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule
13D, and is filing this schedule because of Rules 13d-1(b)(3) or (4), check the following box [&nbsp; ].</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">NOTE:
Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties
to whom copies are to be sent.</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">*The
remainder of this cover page shall be filled out for a reporting persons's initial filing on this form with respect to the subject
class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior
cover page.</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
information required on the remainder of this cover page shall not be deemed to be &quot;filed&quot; for the purpose of Section
18 of the Securities Exchange Act of 1934 (&quot;Act&quot;) or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the Notes).</FONT></P>


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<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">CUSIP
No. 643611-10-6</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt/0.95pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 1px; width: 624px"></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 0.5in">1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Names of Reporting Persons</P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">Realty
Advisors, Inc.</FONT></P>

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

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9;</FONT></P>

<P STYLE="font: 12pt/0.95pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 1px; width: 624px"></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 0.5in">2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Check
the Appropriate Box if a Member of a Group (See Instructions)</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 1in">(a) &nbsp;..............................................................................................................................</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 1in">(b) &nbsp;..............................................................................................................................</P>

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

<P STYLE="font: 12pt/0.95pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 1px; width: 624px"></P>

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

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 0.5in">3)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SEC Use Only &#9;...............................................................................................................</P>

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

<P STYLE="font: 12pt/0.95pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 1px; width: 624px"></P>

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

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 3.5in">WC/00</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 0.5in">4)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Source of Funds (See Instructions) ...................................................................................
&#9;</P>

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

<P STYLE="font: 12pt/0.95pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 1px; width: 624px"></P>

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

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 0.5in">5)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Check if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or 2(e) &#9;............</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0">............................................................................................................................................................</P>

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

<P STYLE="font: 12pt/0.95pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 1px; width: 624px"></P>

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

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

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 0.5in">6)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citizenship or Place of Organization
&#9;.................................................................................</P>

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

<P STYLE="font: 12pt/0.95pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 1px; width: 624px"></P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 3.5in">3,060,000</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;3,060,000</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: 12pt Helv,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/0.95pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 1px; width: 624px"></P>

<P STYLE="font: 12pt Helv,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0 0 0 5.5in; text-align: justify">3,060,000</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 0.5in">11)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aggregate Amount Beneficially
Owned by Each Reporting Person &#9;.....................................</P>

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

<P STYLE="font: 12pt/0.95pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 1px; width: 624px"></P>

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

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 0.5in">12)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Check if the Aggregate Amount
in Row (11) Excludes Certain Shares (See Instructions)&#9;&#9;&#9;.....</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0">............................................................................................................................................................</P>

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

<P STYLE="font: 12pt/0.95pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 1px; width: 624px"></P>

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

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


<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 4.5in">59.6%</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 0.5in">13)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Percent of Class
Represented by Amount in Row (11) &#9;.....................................................</P>

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

<P STYLE="font: 12pt/0.95pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 1px; width: 624px"></P>

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

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

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 0.5in">14)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Type of Reporting Person (See
Instructions) &#9;...................................................................</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 0.5in">&#9;...............................................................................................................................................</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 0.5in">&#9;...............................................................................................................................................</P>

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

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


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<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">CUSIP
No. 643611-10-6</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt/0.95pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 1px; width: 624px"></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 0.5in">1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Names
of Reporting Persons</P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">May
Realty Holdings, Inc.</FONT></P>

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

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9;</FONT></P>

<P STYLE="font: 12pt/0.95pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 1px; width: 624px"></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 0.5in">2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Check
the Appropriate Box if a Member of a Group (See Instructions)</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 1in">(a) &nbsp;..............................................................................................................................</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 1in">(b) &nbsp;..............................................................................................................................</P>

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

<P STYLE="font: 12pt/0.95pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 1px; width: 624px"></P>

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

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 0.5in">3)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SEC Use Only &#9;...............................................................................................................</P>

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

<P STYLE="font: 12pt/0.95pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 1px; width: 624px"></P>

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

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 3.5in">00</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 0.5in">4)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Source of Funds (See Instructions) ...................................................................................
&#9;</P>

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

<P STYLE="font: 12pt/0.95pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 1px; width: 624px"></P>

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

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 0.5in">5)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Check if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) or 2(e) &#9;............</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0">............................................................................................................................................................</P>

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

<P STYLE="font: 12pt/0.95pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 1px; width: 624px"></P>

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

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

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 0.5in">6)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Citizenship or Place of Organization
&#9;.................................................................................</P>

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

<P STYLE="font: 12pt/0.95pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 1px; width: 624px"></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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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: 12pt Helv,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/0.95pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 1px; width: 624px"></P>

<P STYLE="font: 12pt Helv,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0 0 0 5.5in; text-align: justify">3,060,000</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 0.5in">11)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aggregate Amount Beneficially
Owned by Each Reporting Person &#9;.....................................</P>

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

<P STYLE="font: 12pt/0.95pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 1px; width: 624px"></P>

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

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 0.5in">12)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Check if the Aggregate Amount
in Row (11) Excludes Certain Shares (See Instructions)&#9;&#9;&#9;.....</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0">............................................................................................................................................................</P>

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

<P STYLE="font: 12pt/0.95pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 1px; width: 624px"></P>

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

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


<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 4.5in">59.6%</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 0.5in">13)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Percent of Class
Represented by Amount in Row (11) &#9;.....................................................</P>

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

<P STYLE="font: 12pt/0.95pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 1px; width: 624px"></P>

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

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

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 0.5in">14)&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Type of Reporting Person (See
Instructions) &#9;...................................................................</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 0.5in">&#9;...............................................................................................................................................</P>

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 0.5in">&#9;...............................................................................................................................................</P>

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

<P STYLE="font: 9.5pt Helv,sans-serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9;</FONT></P>


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<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Item
1. Security and Issuer</B></FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt Courier New, Courier, Monospace; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">This
Amendment No. 1 to Statement on Schedule 13D (this &ldquo;<U>Amendment</U>&rdquo;) amends portions of an original Statement on
Schedule 13D, filed for event occurring on May 22, 2018 (the &ldquo;<U>Original Statement</U>&rdquo;) and relates to shares of
Common Stock, par value $0.01 per share (the &ldquo;<U>Shares</U>&rdquo;), of New Concept Energy, Inc., a Nevada corporation (the
&ldquo;<U>Company</U>&rdquo; or the &ldquo;<U>Issuer</U>&rdquo; or &ldquo;<U>GBR</U>&rdquo;). Since October 15, 2018, the principal
executive offices of the Issuer have been located at 1603 LBJ Freeway, Suite 750, Dallas, Texas 75234. The CUSIP number of the
Shares is 643611-10-6. The Shares are currently listed and traded on the NYSE American.</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">This
Amendment is being filed to reflect the consummation on December 4, 2018, of an agreement described in Item 6 below, the consummation
of which received prior stockholder approval as required by the NYSE American, and the approval of an additional listing application
by the NYSE American.</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Item
2. Identity and Background</B></FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt Courier New, Courier, Monospace; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)-(c)
and (f)&#9;This Amendment is being filed on behalf of Realty Advisors, Inc., a Nevada corporation (&ldquo;<U>RAI</U>&rdquo;).
RAI is owned by May Realty Holdings, Inc., a Nevada corporation (&ldquo;<U>MRHI</U>&rdquo;), which, in turn, is owned by a trust
established for the benefit of the children of Gene E. Phillips, known as the &ldquo;<U>May Trust</U>.&rdquo; RAI and MRHI are
collectively referred to as the &ldquo;<U>Reporting Persons</U>,&rdquo; the principal office of each of which is located at 1603
LBJ Freeway, Suite 800, Dallas, Texas 75234. As of December 4, 2018, the sole director of both RAI and MRHI is Mickey Ned Phillips,
and the officers of each entity are Daniel J. Moos, President, Gene S. Bertcher, Vice President and Treasurer, and Louis J. Corna,
Vice President and Secretary. All of the officers and directors of RAI and MRHI are U. S. citizens.</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(d)-(e)&#9;During
the past five years, none of the Reporting Persons nor any officer or director of RAI or MRHI has been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors), nor has any such person been a party to a civil proceeding
of a judicial administrative body of competent jurisdiction and, as a result of such proceeding, was or is subject to a judgment,
decree or final order enjoining future violations of or prohibiting or mandating activities subject to federal or state securities
laws or finding any violation with respect to such laws.</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Item
3. Source and Amount of Funds or Other Consideration</B></FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
transaction described in Item 5 below was consummated, utilizing funds necessary to consummate such transaction of $4,500,000
from the working capital of RAI.</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Item
4. Purpose of Transaction</B></FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">RAI
acquired the 3,000,000 new Shares described in Item 5 below as an investment. RAI and MRHI, as Reporting Persons, have no present
plans or proposals which would result in the Reporting Persons seeking to acquire the entire equity interest in the Issuer. Except
as set forth in this Amendment, the Reporting Persons have no present plans or proposals which relate to or would result in:</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
acquisition by any person of any additional securities of the Issuer or the disposition of securities of the Issuer, except that
the Reporting Persons may, if the appropriate opportunity exists, acquire additional securities of the Issuer or dispose of any
portion or all of the securities of the Issuer owned by RAI; or</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>


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<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;an
extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries;
or</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; or</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
change in the present Board of Directors or management of the Issuer, including any plans or proposals to change the number or
term of directors or fill any existing vacancies on the Board; or</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
material change in the present capitalization or dividend policy of the Issuer; or</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt Courier New, Courier, Monospace; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
other material change in the Issuer&rsquo;s business or corporate structure; or</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt Courier New, Courier, Monospace; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;changes
                                         in the Issuer&rsquo;s charter, bylaws or instruments corresponding thereto or other actions
                                         which may impede the acquisition of control of the Issuer by any person; or&#9;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>


<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;causing
a class of securities of the Issuer to be delisted from a national securities exchange or cease to be authorized to be quoted
in an inter-dealer quotation system of registered national securities association; or</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the
Exchange Act; or</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
action similar to any of those enumerated above.</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">There
has been no change in the matters reported in this item under the Original Statement.</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Item
5. Interest in Securities of the Issuer</B></FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;According
to the latest information available as of September 30, 2018, the total number of issued and outstanding Shares is believed to
be 2,131,935 Shares; after issuance of 3,000,000 Shares described in Item 5(c) below, the number of outstanding Shares is believed
to be 5,131,935, and each of the Reporting Persons owns and holds directly the following Shares as of December 4, 2018:</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 30%; border: white 1pt solid; padding-right: 6pt; padding-left: 6pt; text-align: center"><P STYLE="font: 9.5pt/6pt MingLiU-ExtB,serif; margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin-top: 0; text-align: center; margin-bottom: 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Name</B></FONT></P></TD>
    <TD STYLE="width: 33%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt; text-align: center"><P STYLE="font: 9.5pt/6pt MingLiU-ExtB,serif; margin-top: 0; text-align: center; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>No.
        of Shares</B></FONT></P>
        <P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin-top: 0; margin-bottom: 2.9pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Owned
        Directly</B></FONT></P></TD>
    <TD STYLE="width: 37%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt"><P STYLE="font: 9.5pt/6pt MingLiU-ExtB,serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0 0 2.9pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Approximate
        Percent of Class</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; font: 12pt Courier New, Courier, Monospace; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9.5pt">RAI</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; font: 12pt Courier New, Courier, Monospace; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9.5pt">3,060,000</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; font: 12pt Courier New, Courier, Monospace; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9.5pt">59.6%</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; font: 12pt Courier New, Courier, Monospace; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9.5pt">MRHI</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; font: 12pt Courier New, Courier, Monospace; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9.5pt">&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-0</U>-</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; font: 12pt Courier New, Courier, Monospace; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9.5pt"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0%</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; font: 12pt Courier New, Courier, Monospace; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9.5pt"><B>TOTAL</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; font: 12pt Courier New, Courier, Monospace; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9.5pt; text-underline-style: double"><U>3,060,000</U></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; font: 12pt Courier New, Courier, Monospace; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9.5pt; text-underline-style: double"><U>59.6%</U></FONT></TD></TR>
</TABLE>
<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Pursuant
to Rule 13d-3 under the Exchange Act, each of the directors of RAI may be deemed to beneficially own the Shares held directly
by RAI. Those individuals and the number of Shares deemed beneficially owned pursuant to Rule 13d-3 and the approximate percent
of class, as well as the relationship, are set forth in the following table as of December 4, 2018:</FONT></P>


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<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 24%; border: white 1pt solid; padding-right: 6pt; padding-left: 6pt"><P STYLE="font: 9.5pt/6pt MingLiU-ExtB,serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0 0 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Name
        of Director or Manager</B></FONT></P></TD>
    <TD STYLE="width: 25%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt"><P STYLE="font: 9.5pt/6pt MingLiU-ExtB,serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0 0 2.9pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Entity</B></FONT></P></TD>
    <TD STYLE="width: 28%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt"><P STYLE="font: 9.5pt/6pt MingLiU-ExtB,serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0 0 2.9pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>No.
        of Shares Beneficially Owned</B></FONT></P></TD>
    <TD STYLE="width: 23%; border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt"><P STYLE="font: 9.5pt/6pt MingLiU-ExtB,serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0 0 2.9pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Approximate
        Percent of Class</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; font: 12pt Courier New, Courier, Monospace; padding-right: 6pt; padding-left: 6pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9.5pt">Mickey
    Ned Phillips</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; font: 12pt Courier New, Courier, Monospace; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9.5pt">RAI
    and MRHI</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; font: 12pt Courier New, Courier, Monospace; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9.5pt"><U>3,060,000</U></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; font: 12pt Courier New, Courier, Monospace; padding-right: 6pt; padding-left: 6pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 9.5pt"><U>59.6%</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; border-left: white 1pt solid; padding-right: 6pt; padding-left: 6pt"><P STYLE="font: 9.5pt/6pt MingLiU-ExtB,serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0 0 2.9pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Total
        Shares deemed beneficially owned by Reporting Persons and individuals listed above:</FONT></P></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt"><P STYLE="font: 9.5pt/6pt MingLiU-ExtB,serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0 0 2.9pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-underline-style: double"><U>3,060,000</U></FONT></P></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 6pt; padding-left: 6pt"><P STYLE="font: 9.5pt/6pt MingLiU-ExtB,serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
        <P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0 0 2.9pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-underline-style: double"><U>59.6%</U></FONT></P></TD></TR>
</TABLE>
<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The director of RAI holds voting and dispositive power over the 3,060,000 Shares held directly by RAI. Mickey Ned Phillips, the
director of RAI, holds voting and dispositive power over any Shares held directly by RAI.</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During
the sixty calendar days ended December 4, 2018, the Reporting Persons and their executive officers and directors did not engage
in any transaction in the Shares or any other equity interest derivative thereof, except for the consummation on December 4, 2018,
of a previously reported Subscription Agreement and Letter of Investment Intent, dated May 22, 2018, under which, following approval
on October 10, 2018, by the stockholders of the Issuer and approval on October 29, 2018, by the NYSE American of an Additional
Listing Application, RAI paid to the Issuer $4,500,000 in cash and received from the Issuer certificates for 3,000,000 new Shares.</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
person other than the Reporting Persons or members of their respective Boards of Directors is known to have the right to receive
or the power to direct receipt of dividends from, or the proceeds of sale of, the Shares of GBR held by any of the Reporting Persons.</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
applicable.</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Item
6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer</B></FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt Courier New, Courier, Monospace; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">On
May 22, 2018, the Issuer and RAI entered into a Subscription Agreement and Letter of Investment Intent, pursuant to which, RAI
agreed to acquire 3,000,000 new shares of the Issuer&rsquo;s Common Stock at a price of $1.50 per Share in cash. RAI has acknowledged
and agreed that its acquisition could not be completed until the current stockholders of the Company approved the issuance by
a vote of the majority of such Shares then outstanding at a meeting at which a quorum is present in person or by proxy, as the
rules of the NYSE American Company Guide required same [which secured on October 10, 2018] as a prerequisite to approval of an
additional listing application covering such additional Shares [which was approved by the NYSE American on October 29, 2018].</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt Courier New, Courier, Monospace; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Except
as set forth above, the Reporting Persons do not have any contracts, arrangements, understandings or relationships, legal or otherwise,
with any person with respect to any securities of the Issuer, including, but not limited to, transfer or voting of any of the
securities, finders&rsquo; fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, divisions
of profits or losses, or the giving or withholding of proxies.</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Item
7. Material to be Filed as Exhibits</B></FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">None.</FONT></P>

<P STYLE="font: 12pt Helv,sans-serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Helv,sans-serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>


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<P STYLE="font: 12pt MingLiU-ExtB,serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SIGNATURES</B></FONT></P>

<P STYLE="font: 12pt Courier New, Courier, Monospace; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">After
reasonable inquiry and to the best of the respective knowledge or belief, the undersigned certify that the information set forth
in this Amendment is true, complete and correct.</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">Dated:
December 4, 2018</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 9.5pt MingLiU-ExtB,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 9.5pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 50%; text-align: right; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="width: 50%">REALTY
ADVISORS, INC.</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: right; vertical-align: middle">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: right; vertical-align: middle">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Daniel J. Moos </TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: right; vertical-align: middle">&nbsp;</TD>
    <TD>Daniel
J. Moos, President</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: right; vertical-align: middle">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: right; vertical-align: middle">&nbsp;</TD>
    <TD>MAY
REALTY HOLDINGS, INC</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: right; vertical-align: middle">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: right; vertical-align: middle">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Daniel J. Moos</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: right; vertical-align: middle">&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Daniel J. Moos, President</FONT></TD></TR>
</TABLE>

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