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<br />03/97 <br /> <br />the yield, if any, on the net proceeds of sala. Any and all <br />interest and earnings on the net pxoceeds of .ale after tbe <br />deposit shall be added to the net proceeds of sale and .hall <br />become a part thereof. The net proceeds of sale and all <br />interest and earnings accumu~ating thereon shall hereafter be <br />referred to as the "tJroceedsu. ORNTIC shall thereafter hold, <br />maintain and utilize the Proceeds pursuant to the terms and <br />conditions of. this Exchange Agreement. Exchanger shall <br />execute and deliver to ORNTIC IRS Form W-9 and such other <br />forms as ORNTIC may require to deposit and inveat the <br />Proceeds, in its o\'l1n name as qualified intermediary for <br />Exchanger. Exchanger has no rights, except as may be provided <br />in the Regulations and Paragraph 4 below to receive, p~edge, <br />borrow, or other1flise obtain the benefits of the Prooeeds. <br />Excha.nger's sooia.l security or federal tax identifica.tion <br />number is <. <br /> <br />3. Exchanger shall, within 45 d.Y8 afl:er the transf.er of the <br />Relinquished property, give written notice to ORNTIC of all <br />property that is to oonstitute "Replacement Property", as that <br />term is defined in the Regulations. Attached to this <br />Agreement as uExhibit A'l is a Notice of Identification of <br />Repla~ement property form which may be used if three or fewer <br />replacement properties are or will be. identified. Suoh 45 day <br />period is defined in the RegUladons as the "Identifioation <br />period", and ends at midnight on the 45th day after the <br />transfer, whe~her or not the 45th day is on a weekend or is a <br />holiday _ Any suoh notice shall be in writing and may be <br />delivered to oRNTIC by hand, mail, telecopier, or otherwise <br />before the end of the Identification period. AnY revocation <br />of identification shall be delivered in like manner to ORNTIC <br />before the end of the Identification period. <br /> <br />4. If Exchanger has identified Replacement property as set forth <br />above, Exchanger may receive, pledge, borrow, or otherwise <br />obtain the benefits of the Proceeds upon or after (a) the <br />receipt by EXchanger of all of the Replacem~nt property to <br />which Exchanger is entitled under this Exchange Agreement or <br />(b) the occurrence after the end of the Identification Period <br />of a material and substantial contingency that (1) relateS to <br />the deferred exchange, (2) is pro~ided for in writing and, (3) <br />is beyond the control of Exchanger and any disqualified person <br />(as defined in the Regulations), other than the person <br />obligated to transfer the Rep~acement Property to B~cha.ngerl <br />or, after the end of an "Exchange period", as that te~ is <br />defined in the Regulations to be the period beginning on the <br />tr~nsfer date of the relinquished property and ending at <br />midnight on the earlier of the 180th day thereafter (whether <br />or not that day is on a weekend or a holiday) or the due date <br /> <br />'11 -2- <br />