INDEX of Exhibits

Exhibit 3
Federal Grand Jury Indictment against Jack Halperin and Philip Cohen, of High Vista, Inc.
Exhibit 14
Property Report for Valley of Lakes filed by CBG Limited with HUD, dated April 8, 1987
Exhibit 17
Newspaper article titled "Development goes on at Valley of Lakes," by Jim Dino, published in the Hazleton Standard Speaker
Exhibit 78
Letter, dated May 18, 1990, from Alvin Johnston, of 7 Cross Bow Court, Commack, New York 11725, addressed to Bureau of Consumer Protection, Attorney General, 358 State Office Building, 100 Lackawanna Avenue, Scranton, PA 18503
Exhibit 79
Letter, dated May 11, 1990, from Frank M. Cedrone, General Partner, on "Valley of Lakes and Eagle Rock Resort" letterhead, addressed to Mr. Dino A. Ciccozzi, President, Ciccozzi Construction Company, Inc., 409 Rear East Broad Street, Tamaqua, PA 18252
Exhibit 80
Letter, dated April 6, 1993, from Frank M. Cedrone, General Partner, on "Valley of Lakes and Eagle Rock Resort" letterhead, addressed to Mr. James M. Sysko, Agent supervisor, Office of Attorney General, Bureau of Consumer Protection, Commonwealth of Pennsylvania, Scranton Regional Office, 214 Samters Building, 101 Penn Avenue, Scranton, PA 18503-2025
Exhibit 81
Letter, dated April 21, 1993, from George Morris, addressed to Mr. James M. Sysko, Office of Attorney General, Bureau of Consumer Protection, Commonwealth of Pennsylvania, Scranton Regional Office, 214 Samters Building, 101 Penn Avenue, Scranton, PA 18503-2025
Exhibit 82-1
A copy of a Deed between Rocco F. Messina and Ingrid Messina, His Wife, both of Asbury Park, New Jersey, Grantors and Paul Malone Associates, Grantee, for Lot No. A-19, of "Valley of Lakes Development," recorded in the Office for the Recording of Deeds, County of Schuylkill, Pennsylvania, in Deed Book 1407, Page 715 to Page 717, on or about May 10, 1988 -- Page 1 of Deed
Exhibit 82-2
Page 2 of Deed
Exhibit 82-3
Page 3 of Deed
Exhibit 83-1
A copy of a Deed between Paul Malone Associates, Grantor and John T. Miele and Arlene Rainess, both single individuals, "of 312 Rex Land Drive, Boonton, New Jersey, as joint tenants with right or survivorship," Grantees, for Lot No. A-19, of "Valley of Lakes Development," recorded in the Office for the Recording of Deeds, County of Schuylkill, Pennsylvania, in Deed Book 1407, Page 718 to Page 720, on or about May 10, 1988 -- Page 1 of Deed
Exhibit 83-2
Page 2 of Deed
Exhibit 83-3
Page 3 of Deed
Exhibit 92
A copy of two "Valley of Lakes" Visitor Pass
Exhibit 94
Forty-six page document, titled "C.B.G. LIMITED VALLEY OF LAKES/EAGLE ROCK RESORT," distributed by CBG Ltd. in its course of business
Exhibit 95
Opinion and Order (G-880113) of the Pennsylvania Public Utility Commission, dated September 29, 1988
Exhibit 96
Newspaper article titled "Valley of Lakes residents oppose 400 pct. rate hike," by Jim Dino, Staff Writer, published on or about October 23, 1989, in the Hazleton Standard Speaker of Hazleton, Pennsylvania
Exhibit 102
Newspaper article titled "Schuylkill planners table Valley of Lakes golf course," by Jim Dino, Staff Writer, published on or about September 21, 1989, in the Hazleton Standard Speaker of Hazleton, Pennsylvania
Exhibit 103
Newspaper article titled "Eagle Rock work ahead of schedule," published on or about August 9, 1990, in the Hazleton Standard Speaker of Hazleton, Pennsylvania
Exhibit 111
Memorandum dated November 13, 1990, from Frank M. Cedrone, on "Valley of Lakes and Eagle Rock Resort" letterhead, to Dante Mattioni/John Mattioni
Exhibit 113
Promissory Note dated June 28, 1991, between CBG Ltd., Maker, and J.L. Wolgin, Payee, for the sum of $2 million
Exhibit 114
Memo dated July 2, 1991, from Jay Parmar, to Frank M. Cedrone, regarding "Equity in mortgage receivables financing," on letterhead reading "Valley of Lakes and Eagle Rock Resort"
Exhibit 115
Averment of Default dated August 8, 1991, by J.L. Wolgin
Exhibit 116
Newspaper article titled "Stockholder charges First Eastern with mismanagement," by Chuck Gloman, Assistant Editor of the Standard-Speaker, published circa December, 1992, in the Hazleton Standard Speaker of Hazleton, Pennsylvania
Exhibit 117
Letter mailed as a group mailing sent to all property owners, on or about September, 1991, from Frank M. Cedrone, on "Valley of Lakes and Eagle Rock Resort" letterhead
Exhibit 118
Letter mailed as a group mailing sent to all property owners, on or about November, 1991, from Frank M. Cedrone, Managing General Partner, on "Valley of Lakes and Eagle Rock Resort" letterhead
Exhibit 119
Letter mailed as a group mailing sent to all property owners, on or about February 13, 1992, from Wayne F. Guidotti, Director of Operations, on "Valley of Lakes and Eagle Rock Resort" letterhead
Exhibit 120
Letter dated January 28, 1992, from Robert M. Chasnow, Ingersoll and Block, 1401 Sixteenth Street, N.W., Washington, D.C. 20036, addressed to Mr. Robert K. Carter, Acting Chief, Bureau of Subdivided Land Sales Control, New Jersey Real Estate Commission, 20 West State Street, CN 328, Trenton, New Jersey, 08625-0328
Exhibit 121
Newspaper article titled "Valley of Lakes and Eagle Rock Resorts files for bankruptcy," by Jeff Cox, Staff Writer of the Standard- Speaker, published on or about March 31, 1992, in the Hazleton Standard Speaker of Hazleton, Pennsylvania
Exhibit 122
Newspaper article titled "Resort will regroup and rehire," by Sandie Geib, Herald writer of the Evening Herald, published on or about April 3, 1992, in the Evening Herald of Shenandoah, Pennsylvania
Exhibit 123
Newspaper article titled "CBG Limited files Chapter 11," by Claire Schechter, Business Editor, published on or about March 31, 1992, in the Times Leader of Wilkes-Barre, Pennsylvania
Exhibit 124
Newspaper article titled "Valley of Lakes battles to recover from Chapter 11," by Ray Saul, published on or about June 6, 1992, in the Hazleton Standard Speaker of Hazleton, Pennsylvania
Exhibit 127
Letter dated July 14, 1992, from Robert M. Chasnow, Esq., Ingersoll and Block, 1401 Sixteenth Street, N.W., Washington, D.C. 20036, addressed to Mr. Robert K. Carter, Acting Chief, Bureau of Subdivided Land Sales Control, New Jersey Real Estate Commission, Department of Insurance, CN-328, Trenton, New Jersey, 08625-0328
Exhibit 128
Affidavit by Frank M. Cedrone, on behalf of CBG Ltd., for termination of registration of the "Valley of Lakes and Eagle Rock Resort," filed with Bureau of Subdivided Land Sales Control, New Jersey Real Estate Commission, on or about July 14, 1992
Exhibit 133
The Office of Consumer Advocate's Supplementary Memorandum of Law, before the Pennsylvania Public Utility Commission, Docket No. C-00923820, dated September 30, 1992
Exhibit 135
Letter, dated December 2, 1992, from Francis J. Hoegen, Law Offices of Hoegen & Marsh, 25 North River Street, Wilkes-Barre, Pennsylvania 18701, addressed to John Sellinger, Esquire, Mattioni, Mattioni & Mattioni, 399 Market Street, 2nd Floor, Philadelphia, PA 19106
Exhibit 136
Interim Order (C-00923820, C-00924012, C-00924186) before the Public Utility Commission, dated December 15, 1992
Exhibit 137
Interim Order (C-923820) before the Public Utility Commission, dated May 21, 1993
Exhibit 138
Interim Order (C-00924012) before the Public Utility Commission, dated May 21, 1993
Exhibit 139
Letter, dated June 17, 1992, from Frank M. Cedrone, General Partner, on "Valley of Lakes and Eagle Rock Resort" letterhead, addressed to Tom Marcheski, Treasurer, VOLCA, (CW-72) Lake Valley Drive, P.O. Box 275, Oneida, PA 28242
Exhibit 140
Memorandum, sent to Ray Dongelewicz, Joe Natale, Randy Galgon, George Denke, Chris Stamatopoulos, Larry McCutcheon, Tom Marcheski, and Tom Pierson, from "Valley of Lakes and Eagle Rock Resort" on or about June 17, 1992
Exhibit 141
Notice, mailed to "All Valley of Lakes Property Owners," circa July, 1992, from Frank M. Cedrone, Managing General Partner, C.B.G. Limited, on "Valley of Lakes and Eagle Rock Resort" letterhead
Exhibit 142
Newspaper article titled "Eagle Rock shuts down," by Jim Dino, Staff Writer, published on or about July 11, 1992, in the Hazleton Standard Speaker of Hazleton, Pennsylvania
Exhibit 143
Group mailing, mailed to "All Property Owners-Valley of Lakes/Eagle Rock," from Frank M. Cedrone, Managing General Partner, titled "Current Status Report," dated September 9, 1992
Exhibit 144
Letter and Petition to the U.S. Trustee, Middle District of Pennsylvania, Harrisburg, PA, from Valley of Lake Civic Association with one hundred plus signatures, dated October 20, 1992
Exhibit 145
Stipulation for Consent Order for Relief from Stay, Adequate Protection, Lease Rejection and Cash Collateral in The United States Bankruptcy Court for the Middle District of Pennsylvania (Case No: 5-92-00525, et al.) filed October 22, 1992
Exhibit 147
Newspaper article titled "First Eastern to assist Valley of Lakes owner," published on or about October 24, 1992, in the Hazleton Standard-Speaker of Hazleton, Pennsylvania
Exhibit 148
Notice distributed as a group mailing to all owners of property in the "Valley of Lakes" subdivision, by CBG Ltd., on or about October 24, 1992
Exhibit 150
Form Letter for "Delinquent Outstanding Charges," mailed to John Miele, Box 295, Nuremburg, PA 18241, dated November 23, 1992, from Gilbert Werner, Managing Agent, on letterhead reading, "C.B.G., Limited, Office of Managing Agent, PO Box 673, Nuremberg, PA 18241," for CBG Ltd. "Maintenance Fund," Oneida Water Co., and Valley Utilities Co.
Exhibit 153
Newspaper article titled "For now, Eagle Rock slopes staying closed," by Tony Greco, Staff Writer, published on or about December 9, 1992, in the Hazleton Standard-Speaker of Hazleton, Pennsylvania
Exhibit 154
Letter dated October 1, 1992, from Frank M. Cedrone, General Partner, C.B.G. Limited, on "Valley of Lakes and Eagle Rock Resort" letterhead, to "Friends of the Valley," c/o Brenda Cherba, Tom Pierson and George Denke, which was distributed to property owners
Exhibit 155
Group mailing, mailed to "All Valley of Lakes Property Owners," from Frank M. Cedrone, Managing General Partner, C.B.G. Limited, titled "Current Status Report," dated November 1, 1992
Exhibit 176
Group mailing form letter, titled "Valley of Lakes Update," dated February 15, 1993, "Prepared for C.B.G., Limited by MLA Management Associates, Inc. Managing Agent," sent to all Property Owners in the "Valley of Lakes" subdivision, on letterhead reading, "MLA Management Associates, Inc.," and "Valley of Lakes"
Exhibit 179
NOTICE OF VIOLATION, dated January 7, 1993, from the Pennsylvania Department of Environmental Resources, to CBG Ltd. Developer, regarding Illegal Disposal of Solid Waste
Exhibit 181
NOTICE OF VIOLATION, dated January 27, 1993, from the Pennsylvania Department of Environmental Resources, to CBG Ltd. Developer, regarding Illegal Disposal and Storage of Solid Waste
Exhibit 184
Group mailing from Frank M. Cedrone, Managing General Partner, dated May 7, 1993, addressed to "All Property Owners," "RE: Current Status Report,"
Exhibit 185
Group mailing from Frank M. Cedrone, Managing General Partner, dated June 17, 1993, addressed to "All Property Owners," "RE: Complaints,"
Exhibit 186
Three pages of "United States Trustee's Motion to Convert to Chapter 7," in the United States Bankruptcy Court for the Middle District of Pennsylvania, IN RE C.B.G. Limited, et al., filed July 2, 1993
Exhibit 187
Newspaper article titled "Trustee: Pull bankruptcy protection for resorts," by Tony Greco, Staff Writer, published on or about August 17, 1993, in the Hazleton Standard-Speaker of Hazleton, Pennsylvania
Exhibit 188
Letter, dated July 25, 1991, from Wayne F. Guidotti, Director of Operations, on "Valley of Lakes and Eagle Rock Resort" letterhead, addressed to Helen Phillips, P.O. Box 133, Nuremberg, PA 18241
Exhibit 188a
Letter dated July 15, 1993, from Raymond F. Stanford, Managing Agent, "Per C.B.G., Limited," to M/M Frank Rachubinski, P.O. Box 137, Oneida, PA 18242, regarding Application for Pig Roast, on "C.B.G., Limited, Valley Utilities Co., Oneida Water Co., P.O. Box 673, Nuremberg, PA 18241" letterhead
Exhibit 189
Letter dated July 30, 1993, from Gilbert C. Werner, Managing Agent, to Mr. Frank Rachubinski, P.O. Box 137, Oneida, PA 18242, on "C.B.G., Limited, Valley Utilities Co., Oneida Water Co., P.O. Box 673, Nuremberg, PA 18241" letterhead
Exhibit 190
Letter dated August 2, 1993, to Gil Werner, Managing Agent, from Frank Rachubinski, regarding VOLCA Pig Roast Application
Exhibit 191
Group mailing dated July 28, 1993, from Frank M. Cedrone - Managing General Partner, C.B.G. Limited, addressed to "All Property Owners - Valley of Lakes & Eagle Rock Resort,", RE: Current Status Report
Exhibit 192
Group mailing titled "Notice to all Valley of Lakes Property Owners," mailed to all Property Owners in the "Valley of Lakes" subdivision, circa August, 1993, from "Valley of Lakes and Eagle Rock Resort"
Exhibit 193
Newspaper article titled "Refinancing will avert sheriff's sale of resort," published on or about August 4, 1993, in the Hazleton Standard Speaker of Hazleton, Pennsylvania
Exhibit 194
Letter dated August 5, 1993, from Frank M. Cedrone, Managing General Partner, to Mr. Frank Rachubinski, RE: "Violations - Lot No. A-043"
Exhibit 195
Letter dated August 5, 1993, from Frank M. Cedrone, Managing General Partner, to Ms. Bette J. Jones, RE: "Violations - Lot No. I-018"
Exhibit 198
Letter dated, September 8, 1993, from Board of Directors of Valley of Lakes Civic Association, to Mr. Frank M. Cedrone
Exhibit 199
Writ of Execution (Mortgage Foreclosure), filed by First Eastern Bank, N.A., assignee of J. L. Wolgin against C.B.G. Limited in the Court of Common Pleas of Luzerne County, dated June 25, 1993
Exhibit 200
Notice of Sheriff's Sale to be held on September 3, 1993, by First Eastern Bank, N.A., assignee of J. L. Wolgin against C.B.G. Limited in the Court of Common Pleas of Luzerne County
Exhibit 201
Newspaper article titled "Resort set for auction on Sept. 3," by Katrina Veeder, published on or about August 14, 1993, in the Potsville Republican, Pottsville, Pennsylvania
Exhibit 202
Newspaper article titled "Valley of Lakes sheriff's sale is postponed," published on or about September 4, 1993, in the Hazleton Standard-Speaker of Hazleton, Pennsylvania
Exhibit 203
Newspaper article titled "CBG hopes to escape foreclosure," by Jeff Cox, Staff Writer of the Standard-Speaker, published on or about Fall, 1993, in the Hazleton Standard Speaker of Hazleton, Pennsylvania
Exhibit 204
Newspaper article titled "Anguish grows as lot owners see Valley of Lakes dream go dry," by Lisa Sheid, Staff Writer of Times Leader, published on or about December 5, 1993, in the Times Leader of Wilkes-Barre, Pennsylvania
Exhibit 205
Group mailing dated December 13, 1993, from Frank M. Cedrone, Managing General Partner, addressed to "All Property Owners,", RE: Current Status Report
Exhibit 206
Letter dated April 8, 1994, from R. Dongelewicz, President, VOLCA, to Renardo Hicks, Bureau of Consumer Protection, 1425 Strawberry Square, Harrisburg, PA 17120
Exhibit 207
A copy of a photograph showing a billboard reading, "FUTURE SITE OF EAGLE ROCK GOLF CLUB, 18 HOLD CHAMPIONSHIP GOLF COURSE, Planning & Design .. PALMER COURSE DESIGN COMPANY, Operation .. ARNOLD PALMER MGT. CO., Construction GOLF COURSE CONSULTANTS, Developed by .. C.B.G., Financing by .. FIRST EASTERN BANK,"
Exhibit 210
Group mailing circa Fall, 1993, from Frederick A. Deal, President and Chief Executive Officer, First Eastern Bank, addressed to "Dear Customer,"
Exhibit 210a
Newspaper article, published on or about May 17, 1994, titled, "CBG bankruptcy hearing reset to July 21," by Tony Greco, Staff Writer, in the Hazleton Standard-Speaker of Hazelton, Pennsylvania
Exhibit 211
Group mailing dated May 24, 1994, from Frank M. Cedrone, addressed "To All Valley of Lakes Property Owners," on "Valley of Lakes and Eagle Rock Resort" letterhead
Exhibit 212
Group mailing dated May 24, 1994, from George Denke, Diane French, Ron Kichline and Tom Pierson, addressed "To Our Fellow Property Owners," and mailed to all Property Owners in the "Valley of Lakes" subdivision, on letterhead reading "The Property Owners Association of the Valley of Lakes, P.O. Box 686, Nuremberg, PA 18241"