By registering for this auction, the bidder agrees that the items listed below shall govern this auction and he/she agrees to them. This auction will take place both "live" and "online". 1) ONLINE & LIVE BIDDER DEPOSIT: To secure an "online" bidder number and place bids online, the bidder must deposit by wire transfer an online bidding deposit in the amount of Ten Thousand Dollars ($10,000) with the Auctioneer (Please call or email Auction Company for wire transfer instructions, contact info listed at the end of this document). Auctioneer reserves the right to approve or decline any bidders attempting to register online but who fails to fully meet the requirements of the online registration. In the event a winning bidder is registered and bidding online, said bidder approves their Online Bidder Deposit to be applied towards the non-refundable 10% down payment which must equal 10% of the Total Contract Price. Balance of down payment monies must be wire transferred within 24 hours of being declared the winning bidder. Non-purchasing Online Bidder Deposits shall be returned to the online bidders within 4 business days following the auction. Live Auction attendees must submit a cashier's check in the amount of $10,000 payable to Jelliff Auction Group, LLC upon registering to bid. Non-purchasing Bidders may retrieve said cashier's check upon departure of the Auction venue. 2) BUYER'S PREMIUM: A ten percent (10%) Buyer's Premium shall be applied to the winning bid placed at the live auction site or online. The Buyer's Premium shall be added to the winning bid to arrive at the Total Contract Price to be paid by the buyer at closing. 3) SALES CONTRACT and ESCROW FUNDS: Immediately upon conclusion of the auction, the winning bidder shall sign a Purchase and Sale Agreement (See attached sample form). The fully executed purchase and sale agreement shall control all terms and conditions of the sale and constitute the entire agreement between the seller and the winning bidder. In the event of a conflict between these Terms and Conditions of Auction and the Purchase and Sale Agreement, the terms and conditions of the Purchase and Sale Agreement shall prevail. No changes to the terms of the Purchase and Sale Agreement will be permitted. The winning bidder shall be required to enter into the Purchase and Sale Agreement in its current form immediately following the close of bidding. If for any reason a bidder fails or refuses to make the Earnest Money Deposit or to execute the Purchase and Sale Agreement immediately after being confirmed as the winning bidder, the Auctioneer and/or the seller reserves the right to declare the bidder's rights forfeited and may resell the property and pursue any other remedy available, whether legal or equitable, against such bidder. Any person bidding on behalf of another person or entity must have a valid, legally enforceable, unexpired and recordable Power of Attorney, approved by the Auctioneer and/or the seller prior to the auction. If a person is bidding on behalf of a corporate entity, the bidder shall be individually bound until the bidder presents evidence that he/she is authorized to sign on behalf of such entity, all in a form acceptable to the Auctioneer and/or seller. 4) EARNEST MONEY DEPOSIT: Immediately upon conclusion of the auction, the winning bidder shall be required to place ten percent (10%) of the Total Contract Price down as a non-refundable Earnest Money Deposit. The Earnest Money Deposit may be made in the form of cash, cashier's check, business check or personal check, subject to the seller's approval. Any business check or personal check will need to be accompanied by an Irrevocable Bank Letter of Guarantee (See attached sample form), for the amount of the down payment. 5) CLOSING DOCUMENTS: Prior to the auction, seller has represented to broker/auctioneer that title conveyed shall be insurable and free and clear of liens or encumbrances. 6) AS IS: The subject property is being sold "AS IS, WHERE IS" without any warranty either expressed or implied by either seller/broker/auctioneer. 7) REPRESENTATION: By execution of this agreement the bidder acknowledges the Broker/Auctioneer represents the sellers only, and the commission paid in respect to this sale is identified as a Buyer's Premium. 8) DETERMINATION OF DISPUTES: In the case of disputed bids, the Broker/Auctioneer shall exercise his or her best discretion in determining the resolution of claims and such decision is final. Such decision shall not be the subject of any post-auction claims. No assignment of the Purchase and Sale Agreement shall be recognized from one bidder to another. In the event a dispute should arise after the auction, the Auctioneer's records shall be conclusive. 9) INDEMNITY PROVISIONS: By execution of this agreement, bidder agrees to bear responsibility for any charges, claims or expenses incurred by reason of any violation, breach or default in respect to these terms and conditions, including, reasonable attorney's fees, court costs, the cost of re-sale, and remarketing costs. The foregoing remedies are not exclusive. 10) GENERAL PROVISIONS: The provisions herein made cannot be altered except in writing, and any provision of this agreement shall be interpreted/applied in accord with the laws of the Commonwealth of Pennsylvania, specifically those in Tioga County, in which the property is situated. These terms and conditions shall not be interpreted or construed in a manner which creates a negative inference based upon the fact that the seller/broker/auctioneer prepared the terms and conditions. Electronic and/or facsimile signatures shall be considered binding. In such event any provision herein is deemed illegal, void or unenforceable by a court of law, it shall not impact the body or balance of the terms and conditions. 11) FORFIETURE UPON DEFAULT: In such event a bidder fails to abide by the terms and conditions set forth herein or fails to abide by the obligations arising from the purchase and sale contract executed in conjunction with this auction, bidder acknowledges he or she may forfeit all monies deposited, at the respective seller's election. By execution of this agreement, bidder acknowledges this is a negotiated result, and the forfeiture of said sums of money does not constitute a penalty. 12) INSPECTION: PERSONAL ON-SITE INSPECTION OF THE SUBJECT PROPERTY IS RECOMMENDED AND ENCOURAGED. BIDDERS ARE ADVISED TO INDEPENDENTLY VERIFY ALL INFORMATION THEY DEEM IMPORTANT. 13) ONLINE BIDDING: United Country - Jelliff Auction Group is providing internet pre-auction and simultaneous bidding. Internet bidders who desire to make certain their bids are acknowledged should use the Auction Flex bidding feature allowing them to leave their maximum bid 24 hours before the auction ends. 14) AGENCY DISCLOSURE: The Auctioneers are acting as the Seller's Agents only. Bidder has read the Auction Terms and Conditions and by registering to bid either live or online, hereby agrees to the above terms and conditions of the auction. 15) RIGHTS: United Country - Jelliff Auction Group has the right to accept or deny bidders from attending their auctions online. 16) CONTACT: For pre-registration information and wire transfer routing instructions contact the United Country - Jelliff Auction Group, (Auctioneer) office at (570) 835-4214. THANK YOU FOR YOUR INTEREST AND/OR PARTICIPATION IN THIS AUCTION

Hospitality Business formerly Lakeview Lodge Restaurant and Hotel. Nice location near Cownesque Lake/Dam, Lawrenceville, PA Restaurant and Motel 30+/- acres