Assets of Resort and Recreation Club Business

Sale of assets of Hermitage Inn Real Estate Holding Company, LLC and Hermitage Club, LLC., and more described as below:

• The Real Estate for $4,000,000: Real estate, furniture, furnishings, fixtures and equipment, including, without limitation, ski lifts (excluding the Dopplemayr Barnstormer ski lift), all of which are located in Wilmington and Dover, Vermont, together with certain development rights, lease rights, water rights and infrastructure (the “Real Estate” or “Lot 1”); and
• The Barnstormer Lift for $3,600,000: Dopplemayr Barnstormer 6-Cld chair lift with detachable bubble chairs and associated equipment located in Wilmington, Vermont consisting of 88 chairs, 23 towers, with a horizontal length of 5,293.17 feet and a vertical rise of 1,182.93 feet, uphill from the bottom of the Hermitage Ski Area mountain to the summit, including the cables, engines, controls, towers and equipment connected to the Barnstormer Lift, including the steel operator house at the summit, but specifically excluding, the barn building that houses the chairs and controls at the base, but including the controls and chairs (the “Barnstormer Lift” or “Lot 2”).