TERMS NOTICE TO ALL BIDDERS 1. The TERMS OF THE SALE are all cash at time of Closing. The contract is not subject to condition of financing or any other contingencies. You must be sure that your financing is arranged, if needed, or that you are capable of paying cash at closing. 2. Property sells subject to confirmation. 3. Property sells subject to Byron Planning Board Approval. 4. Property sells with a 10% buyer's premium. 5. Upon acceptance of the final bid, Deposits will be required in cash or certified check made out to William Kent Inc. Brokers. This deposit will be held in Escrow. If the property fails to close due to no fault of the buyer, the deposit will be fully refunded. 6. DEPOSIT AMOUNT: Parcel #1: $2,500, Parcels 2-8: $7,500 each 7. The property sells in "AS IS" condition without exceptions. Compliance with any government regulations, including but not limited to septic system and wells, will be the responsibility of the buyer. Fixtures and appliances are sold in "AS IS" condition. Seller makes no representations or warranties, expressed or implied regarding the same. 8. Seller will convey to buyer the premises by Warranty deed. 9. If parcels #1-5 sell to a single buyer, those properties will transfer as a single parcel as per deed description. If there are multiple buyers, the parcels will transfer as per instrument survey. Parcel 6 will transfer as per deed description. Parcels 7 & 8 will transfer as per instrument survey. 10. This Contract of Sale has been reviewed and approved by the Sellers' attorney. When signed, the Contract of Sale becomes a binding contract. Buyers must review this Contract with their Attorney prior to bidding to obtain his or her written approval letter to present with their offer or they must elect to waive Attorney approval.