Parcel Break Down:

Parcel 1: 52.7 Acres

Parcel 2: 35.5 Acres

Parcel 3: 29.4 Acres

Total:     117.2 Acres M/L

Tax Parcel ID:

Parcel #1:

New: 209.00-1-30 / Old : Section 6 Block 1 Lot 35.1

Acreage: 52.7 Acres M/L

Road Frontage On US Rt. 20: 210 Ft. & 349 Ft.

Road Frontage On Walker Rd. 700 Ft. M/L

Two Ponds

Garage: 40’x 26’-6”, Concrete Block, Metal Roof

Reference Sketch: 8035

Grapes: 28 Acres, Based On Assessment Records

Zoning: RA

Assessment: $90,000

NOTE: This parcel has a producing gas well leased to and under the control of  Empire Energy. The lease also gives them the right to service and maintain the well.

Parcel #2:

New: 209.00-1-15 / Old: Section 6 Block 1 Lot 34

Acreage: 35.5 Acres M/L

Road Frontage On Walker Rd. 1100 Ft.

Grapes: 8 Acres, Based On Assessment Records

Zoning: RA

Assessment: $30,000

Parcel #3:

New: 209.00-1-37/ Old: Section 6 Block 1 Lot 48

Acreage: 29.4 Acres M/L

Road Frontage On Walker Rd. 1400 Ft.

Grapes: 20 Acres, Based On Assessment Records

Zoning: RA

Assessment: $62,800

Total Assessed Value / Three Parcels: $182,800

84% Of Market Value

Full Market Value: $217,600

Acres Of Grapes: 56, Number based on tax assessment records.

Grape Type: Catawba & Concord

Township: Westfield

Estimated Property Taxes:

2010 –11 School Tax:            $ 4083.76

2011 Town & County:           $ 2449.52

Approx. Total Taxes: $ 6533.28

PROPERTY DATA

Zoning: AR

School District: Westfield Central School

Township: Westfield

County: Chautauqua

Deed Reference: Liber 2715 Page 803 Filed 3-2-2011

Title Search: To Be Furnished By Sellers

Survey Reference:

In July 3, 1980, Donald R. Long, L.S.  completed a survey of the three parcels before Lot 35 of the old parcel identification system (6-1-35) was

Divided with the removal of a 2.1 acre (35.2) parcel containing a house and barn.

Oil and Gas Lease: Current Leasor,Empire Energy

Original Oil and Gas Leasor: Great Lakes Energy Partners LLC

Original Lease Dated: Dec. 22, 2005.

Memo Of Lease: Book 02594 Page 124

No. Of Pages 3.

Free Gas Allotment: Three Hundred Thousand

Cubic Feet Each Calendar Year.

Gas Royalties: 2010- $4,982.72 / 2011- $466.73 ( Jan. Thru 2/28)

Possession: Deed Recording

Legal Representative:

Wright Wright & Hampton

Attorneys At Law

Attorney Edward P. Wright

525 Fairmount Ave.

Jamestown, NY 14701

716-483-1122