The TVPX Classic Exchange program provides our clients with document flexibility as well as our highest level of service. Clients utilizing the TVPX Classic Program have the opportunity for their tax and legal advisors to review all exchange documentation and maintain the ability to customize the documents to their needs and requirements. TVPX documents are not unilateral.

In addition, a TVPX Transaction Coordinator is specifically assigned to manage your transaction from its inception to its completion. Each client's transaction history is captured and presented in a hard copy binder at the completion of the exchange.

STRAIGHTFORWARD EXCHANGE — Taxpayer sells relinquished property first, identifies and subsequently purchases replacement property within the 180 days allowed under the 1991 Safe Harbor Regulations.

TVPX prepares all of the documents required for transactions structured as Straightforward 1031 exchanges including:

• The Exchange Agreement
• Wachovia Bank Escrow Agreement
• 45-Day Identification Form
• Contract Assignments
• Purchase & Sale Contract Addenda (if required)

During the exchange period, proceeds from the sale of the relinquished property will be deposited in a Qualified Escrow account with Wachovia Bank. Use of the proceeds during the exchange period will be highly restricted to comply with the requirements of IRC Section 1031. The proceeds are held under the client's Tax I.D. number, and earnings accrue for the benefit of the client. Wachovia Bank maintains a $250 Million Bond program that protects our clients against loss.

REVERSE EXCHANGE — Taxpayer needs to purchase replacement property prior to selling their relinquished property.

The TVPX Classic also accommodates Reverse 1031 Exchange transactions where the client has timing and value issues and needs to utilize an Exchange Accommodation Titleholder (EAT) to effectively "Park" or "Warehouse" the replacement property or relinquished property for some or all of the 180 days allowed under Revenue Procedure 2000-37. A transaction where the EAT purchases the relinquished property is classified as an "Exchange First" transaction, and a transaction where the EAT purchases the replacement property is classified as an "Exchange Last" transaction.

Property held by an EAT under a Qualified Exchange Accommodation Arrangement, is typically held in a bankruptcy remote Delaware LLC whose Sole Member is TVPX Acquisitions, Inc. Each Reverse Exchange transaction utilizes a different Delaware LLC entity. TVPX does not commingle properties among other clients as some of our competitors do. TVPX has also developed systems and processes enabling our clients to close a Reverse Exchange in less than 24 hours.

TVPX prepares all Reverse Exchange documents for transactions structured under Revenue Procedure 2000-37 including:

• The Qualified Exchange Accommodation Agreement (QEAA)
• Mortgage(s)
• Promissory Note(s)
• Triple Net Lease(s) with options to purchase (Exchange Last Structure)
• Triple Net Lease(s) without options to purchase (Exchange First Structure)
• Assignment of Purchase Agreements for the Replacement Properties
• Exchange Agreements
• Qualified Escrow Agreements (if required)
• Identification Forms
• Assignment Agreements
• Purchase & Sale Contract Addenda (if required)

Call Time Value Property Exchange today at 800-753-6933 to discuss your 1031 Exchange with one of our Exchange professionals as well as receive a proposal for services tailored to your specific needs with a complete fee schedule based on the facts and circumstances of your situation.