Land to which the rights are to be transferred: A total of three parcels, being an 18.727-acre parcel, a 8.518-acre parcel and a 192,852-acre parcel, said parcels being located on the north side of Montauk Highway and Old Country Road in the hamlet of East Quogue, more specifically bounded and described as shown on a survey prepared by John J. Raynor, L.S., dated January 18, 1988, entitled "Map of Survey of Property to be conveyed to Patrick E. Malloy III, Malloy Enterprises, Inc. and Malloy Real Estate, Inc."