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r <br /> 3. DISCLOSURE: Seller acknowledges that Tim Bettencourt, and Mark Purdom, Buyers, are <br /> licensed real estate broker in the State of California. <br /> S <br /> 4. EXCHANGES: The parties to this Agreement acknowledge that either party may desire to <br /> structure the sale and/or the purchase of the Property as an exchange for <br /> like-kind property pursuant to Section 1031 of the Internal Revenue Code of <br /> 1986, as amended, in order to'defer recognition of income from the <br /> disposition of the Property and other.properties. The parties agree to <br /> reasonably cooperate with each other to accomplish such exchanges and <br /> each party hereby agrees that`any and all costs associated with said <br /> exchange shall be borne solely by the exchanging party and shall in no way <br /> be attributable to the non-exchanging party. In no event shall the non- <br /> exchanging party be required to take title to the exchanged property(s) to <br /> effectuate the lax deferred exchange contemplated by this Paragraph. <br /> Agreed and Acknowledged <br /> Buyer: Selle��: <br /> _Date /-1 1 i BDate a h�/ <br /> By Date 2 By Date <br /> i <br />