This language is intended as a sample for review purposes only. Please have your tax and/or legal adviser review all contract language, including that below.

For Relinquished Property Sales Agreement:

Seller(s) intend(s) to transfer this property through the use of an IRC Section 1031 Tax Deferred Exchange. Buyer(s) agree(s) to execute an assignment agreement permitting the assignment of this agreement to First American Exchange Company as qualified intermediary for the Seller(s), provided that Buyer(s) incur(s) no additional cost, liability or expense.

For Replacement Property Purchase Agreement:

Buyer(s) intend(s) to acquire this property through the use of an IRC Section 1031 Tax Deferred Exchange. Seller(s) agree(s) to execute an assignment agreement permitting the assignment of this agreement to First American Exchange Company as qualified intermediary for the Buyer(s), provided that Seller(s) incur(s) no additional cost, liability or expense.

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All information contained herein is provided as a matter of courtesy to our clients. First American Exchange Company, its officers and agents make no representations as to the completeness and applicability of the information contained herein to each individual taxpayer. As a Qualified Intermediary, First American Exchange Company is precluded from providing tax or legal advice to its clients. Please consult your own independent tax or legal advisor regarding your specific circumstances.