Document:

exv10w15

Exhibit 10.15

BLANKET CONVEYANCE, BILL OF SALE AND ASSIGNMENT

     WHEREAS, it is the desire of WILDCAT MOUNTAIN SKI AREA, INC., a New Hampshire corporation,
MEADOW GREEN — WILDCAT SKILIFT CORP., a New Hampshire corporation, and MEADOW GREEN — WILDCAT
CORP., a New Hampshire corporation (collectively “Assignor”) hereby to assign, transfer, sell and
convey to WC ACQUISITION CORP. (“Assignee”) (Assignor and Assignee are sometimes collectively
referred to as the “Parties”) all Personal Property attached or appurtenant to or used in
connection with that certain tract of Land and all Improvements thereon commonly known as Wildcat
Mountain Ski Area, more particularly described on Exhibit A attached hereto and made a part
hereof for all purposes (“Property”) and all existing warranties or guarantees given in connection
with the operation of the Property (to the extent assignable) (all of such properties and assets
being collectively called the “Assigned Properties”).

     NOW, THEREFORE, in consideration of the receipt of One and no/100 Dollars ($1.00) and other
good and valuable consideration in hand paid by Assignee to Assignor, the receipt and sufficiency
of which are hereby acknowledged and confessed by Assignor, Assignor does hereby BARGAIN, SELL,
TRANSFER, SET OVER, and DELIVER to Assignee, its successors and assigns, the Assigned Properties
described as follows:

     1. All fixtures, equipment, apparatus, appliances, machinery and items of personal property,
owned by Assignor and located on the Property and used in connection with the occupancy, management
and/or operation of the improvements located thereon.

     2. To the extent assignable, any and all guaranties or warranties now in effect covering all
or any part of the Property. Assignor agrees to assist Assignee in enforcing any guaranties or
warranties against any contractor, subcontractor, vendor or other parties for the benefit of
Assignee or its assigns or any of the other Assigned Properties.

     TO HAVE AND TO HOLD the Assigned Properties unto Assignee, its successors, and assigns,
forever, and Assignor does hereby bind itself, its successors and assigns, to WARRANT and FOREVER
DEFEND, all and singular, title to the Assigned Properties unto Assignee, its successors and
assigns, against every person whomsoever lawfully claiming or to claim the same, or any part
thereof.

     Assignor hereby constitutes and appoints Assignee as Assignor’s true and lawful attorney, with
full power of substitution, for it and in its name, place, and stead, or otherwise, but on behalf
of and for the benefit of Assignee, to demand and receive from time to time any and all of the
Assigned Properties hereby sold, assigned, and conveyed, or intended so to be, and to get receipts
and releases for and in respect of the same or any part thereof, and from time to time to institute
and prosecute in the name of Assignor or otherwise, but at the expense and for the benefit of
Assignee, any and all proceedings at law, in equity, or otherwise, that Assignee may deem proper in
order to collect, assert, or enforce any claim, right, or title, of any kind, in and to the
Assigned Properties, and to defend and compromise any and all actions, suits, or proceedings in
respect of any of the Assigned Properties, and generally to do all and any such acts and things in
relation thereto as Assignee shall deem advisable; provided, however, that Assignee shall indemnify
and by its acceptance hereof agrees to hold Assignor harmless from any loss, cost,

 

 

expense (including reasonable attorney’s fees), claim, demand, or liability arising out of the
exercise by Assignee of the powers hereby granted to Assignee by Assignor.

     Assignor fully covenants and warrants to Assignee, its successors and assigns, that Assignor
is well seized of the Assigned Properties, has good and marketable title thereto and has the right
to convey the same; that the same is free and clear of all liens, charges and encumbrances, other
than any which may be created or imposed thereon by Assignee; and that it will warrant and defend
the title thereto unto Assignee, its successors and assigns, against the lawful claims of all
persons whomsoever who may claim any interest therein by, through or under Assignor, except those
claiming by, through or under Assignee.

     Capitalized terms, unless otherwise defined herein, shall have the same meaning as defined in
that certain Purchase and Sale Agreement between the Parties dated October 20, 2010.

     EXECUTED this 19th day of November, 2010.

	 	 	 	 	 	 	 	 	 	 	 

	ASSIGNOR:	 	 	 	ASSIGNEE:	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	WILDCAT MOUNTAIN SKI AREA, INC.,

a New Hampshire corporation	 	 	 	WC ACQUISITION CORP.,

a New Hampshire corporation	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Pasquale Franchi
 

Pasquale Franchi, President
	 	 	 	By:
	 	/s/ Stephen J. Mueller
 

Stephen J. Mueller, VP
	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	MEADOW GREEN-WILDCAT SKILIFT CORP.,

a New Hampshire corporation	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Pasquale Franchi
 

Pasquale Franchi, President
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	MEADOW GREEN — WILDCAT CORP.,

a New Hampshire corporation	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	By:

	 	/s/ Pasquale Franchi
 

Pasquale Franchi, President
	 	 	 	 	 	 	 	 

-2-

 

Exhibit A

to Blanket Conveyance,

Bill of Sale and Assignment

The land referred to herein is situated in the State of New Hampshire, County of Coos and described
as follows:

Approximately 953 acres described as portions of U.S. Tracts #16, 18, 31 and 68 lying on the
northwest slope of Wildcat Mountain near Pinkham Notch in the White Mountain National Forest as
shown on a Special Use Permit Boundary map dated July 15, 2009 which is attached to a certain Ski
Area Term Special Use Permit between MEADOW GREEN — WILDCAT CORP., a New Hampshire corporation, and
the U.S. Forest Service of near or even date.

Commonly known as Wildcat Mountain Ski Area.exv10w16

Exhibit 10.16

			
	Authorization ID: 

Contact ID: 

Use Code:
	 	FS-2700-12 (08/06)

USDA Forest Service

OMB No. 0596-0082 (Exp. 05/2009)

AGREEMENT CONCERNING

A LOAN

FOR A HOLDER OF A SPECIAL USE PERMIT

(Reference FSM 2717.3)

This agreement (Agreement) is made by the United States Department of Agriculture, Forest
Service (the Forest Service); Meadow Green — Wildcat Corp., a New Hampshire
corporation, (the Lender); and WC Acquisition Corp., a New Hampshire corporation (the
Borrower).

A. STATEMENT OF MUTUAL BENEFITS AND INTERESTS

1. On November 19, 2010, the Forest Service issued a Ski Area Term Special Use Permit, ID      ,
(the Permit) to the Borrower for a term of forty (40) years.

2. The Permit authorizes the Borrower to use and occupy certain National Forest System land for
the purpose of constructing, operating, or maintaining a winter sports resort or resort. The
Permit covers National Forest System lands in Bean’s Purchase and Pinkham’s Grant, Coos County, New
Hampshire (the Property).

3. The Property is owned by the United States and managed under statutory authority granted to the
Forest Service.

4. Under the Permit, physical improvements, machinery, and equipment owned by the Borrower that
are located on the Property (the Improvements) are personal property, not fixtures.

5. The Borrower intends to provide products and services to the public under the terms of the
Permit.

6 The Borrower is taking a loan from the Lender. As collateral for the loan, the Lender has
proposed to take a security interest in the Improvements.

7. The Lender has agreed to make a loan to the Borrower in the amount of $4,500,000 (the Loan),
with a maturity of one hundred twenty (120) months from the date of the note (the Note) for the
Loan, subject to the execution of this Agreement.

8. The Forest Service believes that the public will benefit from the products and services
provided by the Borrower under the terms of the Permit.

9. The Forest Service desires the cooperation of the Lender in connection with the financing of
the Improvements by the Lender.

10. The Lender desires to provide the Loan to the Borrower, which will finance recreational or
other operations that provide a public service on National Forest System lands, thereby benefiting
the Forest Service’s special uses program.

11. The Lender and the Borrower desire the cooperation of the Forest Service in connection with
financing of the Improvements by the Lender.

B. THE PARTIES AGREE AS FOLLOWS:

1. The Permit is revocable, terminable, and not transferable in accordance with its terms and
federal regulations. The Permit is not real property, does not convey any interest in real
property, and may not be used as collateral for the Loan.

2. As collateral for the Loan, the Borrower is giving the Lender a security interest in the
Improvements, and the Forest Service acknowledges the creation of that security interest at the
request of the Lender. No security interest is

 

 

created in the Property or in any improvements owned by the United States. Nothing in this
Agreement is intended to abridge any rights that the Lender may have under applicable law in
connection with the Improvements.

3. The Borrower is in compliance with the terms of the Permit.

4. The United States receives land use fees from the Borrower based on a fee system contained
in the Permit. The fee system and other Permit provisions may be modified or replaced under the
terms of the Permit or federal regulations.

5. Any transfer of title to the Improvements shall result in termination of the Permit. Prior to
any transfer of title to the Improvements, the Forest Service shall cooperate with the Lender in
obtaining an acceptable permit holder. Issuance of a new permit shall be at the sole discretion of
the Forest Service. The Forest Service shall determine that the prospective holder meets
requirements under Forest Service regulations, including financial and technical capability.
Pursuant to federal regulations, it is Forest Service policy not to issue a new permit for a winter
sports resort to any individual or entity that does not hold title to the Improvements. Transfer of
title to the Improvements] shall be subject to the terms of the Note, security agreement, and any
other documentation made or executed in conjunction with the Loan (the Loan Documents).

6. If the Borrower fails to comply with the terms of the Permit and the noncompliance could lead
to suspension or revocation of the Permit, the Forest Service shall (1) notify the Lender in
writing of the noncompliance; (2) inform the Lender of any action taken in response to the
noncompliance; and (3) apprise the Lender of the resolution of any disputes with the Borrower or
any proposed agreement to modify the terms of the Permit arising out of the noncompliance;
provided, however, that prior notice is not required under clauses (1) and (2) of this paragraph
where immediate action is deemed necessary under federal regulations. Notice shall be mailed
“certified return receipt requested” to the following address:

Meadow
Green — Wildcat Corp.

c/o Franchi Management Company, Inc

182 West Central Street, Suite 303

Natick MA 01760

Nothing in this paragraph limits the Forest Service’s authority to administer the Permit under
federal regulations. The Lender shall not have any claim or remedy against the Forest Service if
the Forest Service fails to comply with this paragraph; provided, however, that notice shall be
given as specified in this paragraph. The Lender shall have no obligation to take any action as a
result of this notice, and no borrower or third party shall have any claim as a result of this
notice or any action or failure to act as a result of this notice.

7. The Lender shall advise the Forest Service of impending liquidation or litigation actions which
may be taken against the Borrower.

8. Upon completion of liquidation or litigation actions against the Borrower under the Loan
Documents that result in loss of ownership of the Improvements, the Permit shall terminate. All
the provisions of paragraph B.5 apply to a transfer of title to the Improvements resulting from
liquidation or litigation actions against the Borrower under the Loan Documents.

9. If the Lender forecloses on the Improvements, the Forest Service shall, to the extent permitted
under applicable law, allow physical access to the Improvements by the Lender as is necessary to
liquidate the Loan or to secure the Improvements. The lender shall give prior notice to the Forest
Service of such access to the Improvements. The Lender shall obtain a temporary permit from the
Forest Service in accordance with federal regulations in order to operate a business in or
otherwise occupy the Improvements.

10. If the Permit is revoked, the Forest Service shall cooperate with the Lender in obtaining an
acceptable permit holder. Issuance of a new permit shall be at the sole discretion of the Forest
Service. The Forest Service shall determine that the prospective holder meets requirements under
Forest Service regulations, including financial and technical capability. As part of this
cooperation, the Forest Service shall not issue a new permit for a [describe authorized use, e.g.,
winter sports resort or resort] to any individual or entity that does not hold title to the
Improvements.

11. Nothing in this Agreement precludes the Lender from exercising remedies against the Borrower
associated with other security interests.

2

 

12. The Borrower acknowledges that its liability and the liability of any guarantors under the Loan
Documents shall not be released if the Loan is assumed by a new permit holder.

13. The parties to this Agreement do not intend to confer any rights on any third party as a
beneficiary under this Agreement. In addition, this Agreement does not confer the status or
privileges of a permit holder on the Lender or any third party.

14. The Borrower and Lender acknowledge that the Permit and the Property are not encumbered by any
of the Loan Documents and are not subject to foreclosure if the Borrower defaults. Any statement
in the Permit or the Loan Documents that appears to create a security interest in the Permit or the
Property is ineffective and contrary to law.

15. This Agreement shall terminate automatically upon repayment of the Loan. The Lender shall give
the Forest Service notice of repayment of the Loan.

16. Nothing in this Agreement shall be construed to limit in any way the sole discretion of the
Forest Service to determine the allocation of National Forest System lands, including decisions not
to reauthorize any use which may be inconsistent with a land management plan or applicable law.

17. This Agreement is intended to foster consultation among the parties in order to coordinate
more effectively the fulfillment of their respective rights and obligations.

18. The Lender may transfer all of its interest in the Loan to a single transferee (Transferee).
A Transferee shall have the same rights and obligations as the Lender under this Agreement,
provided that (a) the Transferee give written notice of such transfer, including the date of the
transfer and the name, address, telephone number, and facsimile number of the Transferee, to the
Borrower and the Forest Service; and (b) the Transferee be substituted for the Lender in this
Agreement. Notice shall be mailed “certified, return receipt requested” to the following
addresses for the Borrower and the Forest Service:

	 	 	 
	Borrower	 	Forest Service
	WC Acquisition Corp.

	 	U.S. Forest Service

19. The Borrower warrants that it has full authority to enter into this Agreement and covenants
that it shall be binding on its representatives, successors, and assigns.

20. The undersigned officials of the Lender and the Forest Service warrant that they have the
delegated authority to execute this Agreement.

21. This Agreement may be executed by different parties in separate counterparts. When all
parties have signed this Agreement and all executed signature pages are attached to a single
counterpart, it shall be deemed an original, fully executed copy of this Agreement.

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UNITED STATES DEPARTMENT OF AGRICULTURE, FOREST SERVICE 

 	 	 
	By:  	/s/ Thomas G. Wagner
 	 	 
	 	Name:  	Thomas G. Wagner 	 	 
	 	Title:  	Forest Supervisor

	 	 
	Date:  	November 19, 2010

	 	 
	 
	WC Acquisition Corp., BORROWER

 	 	 
	By:  	/s/ Stephen Mueller
 	 	 
	 	Name:  	Stephen Mueller 	 	 
	 	Title:  	President
	 	 
	Date:  	November 19, 2010

	 	 
	 
	

Meadow Green — Wildcat Corp., LENDER 

 	 	 
	By:  	/s/ Pasquale Franchi
 	 	 
	 	Name:  	Pasquale Franchi 	 	 
	 	Title:  	President

	 	 
	Date:  	November 19, 2010

	 	 
	 

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and a person is not required to respond to a collection of information unless it displays a
valid OMB control number. The valid OMB control number for this information collection is
0596-0082. The time required to complete this information collection is estimated to
average 15 minutes per response, including the time for reviewing instructions, searching
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The Privacy Act of 1974 (5 U.S.C. 552a) and the Freedom of Information Act (5 U.S.C. 552) govern
the confidentiality to be provided for information received by the Forest Service.

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