EXHIBIT 1

LES Fife Number. l{ExchFiIeNumbeD1

.,..., land A me rica'

.' 1031 exChange Servr(~~

It.XCHANGE AGREEMENT

'flO'S EXCIIA_'1GE AGREEME.r~T ("Exchange Agreement, is made (:fud:'lAgmIDate>, by and betweP-...ll LANDAMEltICA 1031 EXCHANGE SERVICES. INC., witb its prii1cij)aJ ofTicein RicbmmJd, Virginia ("LES·'). and «Ta~payerNameS)j ('LTAXl'AYERn)

R£C1TALS

A THlp~yet· owns that certain parcel or parcels (If land., and aU impmvero8nts tilereon and appurtenances thereto located at «R.elqPropStreetAddressl», «RelqPropCitY»J (lRelqProp-StateAbbrev» itnd wJlich is more particularly described on Exhibit 'LA" hereto (the '~Relinquished Propl!Ht~(}.

B. TIIl'payer de,,'iires to excn6Dge Ihe :Relinquished. 'Pt,operty .fur: property or . propemes Qf Hke~ki:lTd (the "'RepJacemC.til Pi'operty') in ali exo~nge qualifying under ~ection lQ~1 rutd re'at~ ser.:tJous Qfthe lnternalltevemre Code of 19&6, tiS a~~ (the: <l'Code"). and regulations f,UUl'litdgated tbor¢Ul1deJ'.

C. LESis willing Clflt{ agrees to £a'Cilitate~ue~ llke·,kind e"c~ge aspro\ltded in this ExcJuiiJSe Agr.eemetU,

D, T~xpJ\ye,. ba$: entered into thatcertalu real estate purohase oootratt of tJle Relinquish~Prop,erty ~~th «RelqPropBuyerN:am~s:» f'Re.cipj,~t")dated «~?ropContDate» cOfitail'lJng terms reJ(lted to fhe purclias~ assignmellt and transfer ot the Reli.nquished ProJrlerty (as the same may be amended, the "Sale ,\green1em:''),.EI eopyof whicb is attached hereto. as E$ihit "If'. .

NOW~ THEREFORE, fur and. in COllsidaratl011 of the premises and O{ber good and VtllUllble consideration, the receipf aiJd ruflk:iency of which ttre h~reby aCknawledged. LES and Taxpayer agree as follo"Ws·:

'1 E.l!e.tange ofProRS'tl.

. , (a) LESagr:ee$to .acquire .from 'f~payer, and Ttt.'tp1i:yer agrees to OOi:l~'y to J..ES the RclinquiShed Property, and LES h~J ~~s to COf:l:vt:y to: t~*paye .... in exchange for t11e ~eHllqujihOO Property. ~ Replacement Praperty. LES agrees to ~cquite the ReplacemerJt

IWIII]

CONFIDENTIAL ~-SUBJECT TO PROTECTIVE ORDER lA990061173

Property from irs se11er (the "Seller") in a purchase transaction fur the purPQse Of effectuating a J ike kind exdHmge.

(b) On or l?efore the close of the Sale Agreement for the Relif.lquished Property ((he "lnirial Ch)sing DarttI'). Taxpayer sllaU assign its rights but oot Its obligations in and under the Sale Agreement to LES, and LES agrees to accept an assignment in form and substallce approved by LES. Tax.payer shall give wr'itteo nutice oftbe assigDmem of'the Sate Agreement to LES tp aU parties to the Sale Agreemenf on or befote the Initial Closing Date.

(c.) In oro£"'f tG save, duplicative tecordtng iees, escrow costs and other sin:iilar charges. LES shall on and as of the Initial Closing Date direct T1ll:l'fCyC:f. and Taxpayer slta.ll convey ~n b~hal1 ofLES, the Relinquished Property to Recipient ln add.ition, Taxp'H1" agrees to e>teCUte aU bills of sale and Rssignment of leases., securitY deposits and trade (It}mes and. other assetsl wliicll are tlooessruy to close the transaction directT), in fllvor vfRedpieol. If dosing on the Sale Agreemertf does noC occur on the Initial Closing Date, as that date may be extended by the patties fberetO, .I.,ES $hall assign ali ofit::; rights, title and interestir) ill1d to the $ale Agreement to rft~;p.ay{!r by an assignment agreement in fbnn at1d substance acceptablec fo.LES and '{upayer shall accept suoo.a1;signment"

(d) Tile transfers described in this Section I are part of aJ;l: iJltegnwed, interoependwtt, mutual and reciproc61 p}an intended. to effeC\t1a1B an exchange by Taxpaytcr of likb-kind ren:! ptopcrtiegpursuant to' and. ill a~corda\loo with the provisions of SeCtion 1031 ofthe Cod¢; &.1410 thtlextem possible. state I.ax ~atutes.

(3') LES agrees to ho1dand apply the Ewbange Funds in accorda.nce with tbe term~and COnditioRsof ~hi$ &~ban8e A.,.greemellL Fo.t purposes of this. Agreement, E~change J;tuttds shaU mean thelotal considera.tion received from We dosing of me sale. pi the ReliAquisMd Property l.'e9ueed .by the Mrulini.ng principal and U'ttetest baltlftCeof all aems ~ured by liens. agaJPst tht Re1inquisltbdPropefiY; ~fany, as of' t:b~ll1hia:l Closing D<\tt, taken .subj.ee1 t~by LES. aU real ~te c:onuni~ons. PJota~Qns. 01' income and expet'l5eS. dosing CQSts, thl~ 1nsumIJee pmnlunts.. escrow fees., and My OfJler amounts d1arg~1eIQ LIS in tl).e cloSing of the Sale Agr~llt tor tbeR~qWshedPrQperty. Ex~e FWlds Mre!3 to U$ and. nOl. recei~d by LES,by 1:011 ,.m,.S9;ai:®l'Um~ will 1\(1( ~gtl1 to atiCfUe:interestpurwnBt te. pa.rasraplt J{ll) bel9W ootil tile n~ ~ d~. Excllange FUndS. aen"eNXf to U..8hy ~hedc wiUnof bcgil}~jj a.caue. i~ purmartttop~lt 3(a)be.1ow lJlttUtbc ~nd business (lay alter re«ipt aflbe ch~'kby' LES. 1f dJt~ Exchauge Funds Are. to be ltcld tesS' Iln\l\ 4S lHUlTS. [hen no interett mall be.pnid 1~ Ta'J:puycr OI)ihe E'lebtlUg~ Ftfrtd's-.

()J LES shall mak.e pAyments fl'om the Excbange Funds to acquire the Replacement Ilf,(jperty or Properties ideJltm~ in accordance with the Notice(s) ofldelltifi(;ationlO be cOmpleted. b:sl" 'l'bpay.er OR. 'c;W before 45 days frOnt th~ transret of the Rellnqumhcd Property. tUld rooelvec1 from or Ort behalf of Taxpayer pursURnf to Pal1lgrapJl 4. including the payment of d.eposit Of option tees prcavided in the purchase agreenlent fortbe purchase of the Replaccmeut Property (the ":R..e!1lltcement Property COJ1~mct")

2

CONFIDENTIAL "''' SUBJE=CT TO PRdTttCTIVE ORDER ., . . . LA990067174

(CJ LES shall have sole and exch.lslve j)O~seSsioll, domin.iQ,n, oor:ttol and use' of all Exchange funds, including interest, if ally, earned on the' Exchange Fund.s until the first business da.y after-the earJiesr of tbe fuUo\\'ing to occur: (i) tbe end of the Idelltificatioil Period, as IJereaJler defined, if Taxpayer has Rat identified th;e RepJacement Property Of bas properly revoked inwritiog any identificaticlls of Replacement Propen:y; rii) after Tttxpayrr has. rece:ived aU the ReplaOOfrtetlt Property idelltified pllcsuant to Section 4 and wJlkh Taxpayu is entitled to under fhi~ Agreement; (iii) tbe earlier of the dru:e. which is 180 day:; aller the transfer of the R..elinqoished Propel1Y 10 Recipient or the due date of T~xpayer's inconte tax rei urn (.including exiension) for the ~able year ill wbich the transfer of tbe Relinquished Property ClcctlfS (the ·':E.'{change Period',); or (; v,. the. date after the OCCl)JTtl1ce of a material and substantial ool1tingency thai (lC~ specified 111 the written Notice of rdenti:fic!i.tion, (y) relatt:ls to the ~challge oo.otem,pta:ted bylhis Exchange Agreement, and (z) is beYDnd the control of Tnp~yer Oi any disqualified pernon aa- prov.ided In Treasury n.,gulaticm. Secticm U031 (k)-1 (g)(6 )(Hn(U)(l) (the daf~ des~ribed in (i)-(i\l) each referred fo a$ a "Termination Dale!'). Taxpayer shaH have ~ right. title, or tnte!'O$. in otto tbe 6K~~.e FundS or ~ clunin&s thereon and TIllJ.jla:y'er shall ha\'e nQ right, power, or t:Jptioft _ dem$d. e;altfor. receive, pJedgtl, borrow Or otherwise db:ta.in tbe: benefits of any of Exch8tlge iniJds> ht¢l.udi"ginter~, if af'IY. earned on the E~banQe Futlds. ~eept Ilmt the. blll~1't;.~ ,.,fJ!~nge Fuuds, if filly. heW 11y LE.S aaw apfJJyin~ such Excbange ]~unds in accordance w.ith ."'1& &~t{(Qge Aglleem. shall be.paid to 1'b~yer 00 the appllCilhlre T erminatirm Date. PrQyjd~ h0wev.$". in 00 ~ shall any of the fOfegoing be deemed the 'fermbmtion Date prior tQ the. .Il>Ipilation.of th.c JQeotifieaLiQr:1 Plfriod or .!IS otherwise providai uooer Treasury Regulation S«tirin t. roo ~(k)" l~)(6).

NorwHhsrandiris Mythi1lg to ttlil ccnt.mry herein" jn the event oJ' a llresidential1y declared disaster or telTQrisric rniliWy action for which the IRSpubHshes a Notice and/or Service Ne\\IS: 1tcl:e.ase and with regard to wlWh the T.upayer 15 an "affected taxpayer'" the forty-five (45) ds~r identification period at)d the Exchane,'O Period sbafl be deemed to be;, and shall be, e;"ttendcd as provided in Rev. Proc. 2001-56 (Sea.ion 11). 10 such later date as 8tdthorizetl by the Re.venue .Proc.edom in refcrerwe to the fItS News Release Of similar autlwritlltJve guidance. 10 Stith event the rest'rictlons on m_ribution set rqttkb..~in.s mclQ(Jing as provided for in paragraph (g)(6} of Treas. Reg. 1.lml{k}-lJ1 sht\U. applywitllWf il.1tE:.n:Uption durill8 dle extensionB. LES bas no ol;Jigab to notify'tu:payer: of's\lc'h a determi.nUioa

3. D!~~mtm~anae !bmds.

W LIS Wm.i~t the ~e Ft.ll1ds in a,na~ m¢JJt.uned m SU11TrUSf }3cank jl;t RidunOf.\-d. V.rgltija, and guarMtee$ T~;tPQy~r Will receive interest on the. E;wbange F'Utt(fs at a rate ~1;Uto I(TPlnlSptib>% of (iln.~fierttOptienLongDescripUonl) on ib~ first ~usin.ess (fay ~f ev~ i'J~ndl during tbe F.xchat\gE: Peri"d (dIe "Growth F-actor") from the first blnriness da}' followblg r.ooeipr: of ftmilfs Via wire t.ransfet at Richrnon<l. Virginia. Of tfom tbfee busi~ days a~r-eceipr.ll1 JUchlXiOM,Vwglnia ,f sent by check. tQ (he day of withdrawal. LES and ''fa~payer- ~tbat the <ir&wtb Fadof •. if mtapp:liad to the aequisitioo oftbe Replaoemertt Prop~ty id<mtilkd by 1'npayer pursuant lU~b 4._aUbc paid to kAApayer ~ the Termination. Date. TalPlWer .ac.ktlo.wta1ge$ anQ ~ dml the amOunt of the Euhan8eFunds ~y be in ex~s of the. nlll):imum amount 'of depusit JPsuran.oe.canied by the depository i:n£tiltlfiQIl

3

CON'FIDENTIAL ~ SUBJECT TO PROTECrlVE ORDER LA990067175

hidicated al\love; however. LES unconditionally guarnntees the rC4um and availability of the Exchange Funds and the guaranteed inlerest ~tat~ above;

(b) LES s11Dll fih~ informalion returns reporting as taxable income to Taxpflyer the interest and orner earnings, ifany, paid to Tupayer dUring allY caJendar year on sueh rerurm, reports. and otller tnin..~ as are r«ruired by applicable Jaw, 1'a'Xpayer represents- and wafrant~ to L.£S that its soda) se('tlrity or tupstyer idtntiftatioonnmbu is «l'~'ipllye''flN" <ll'll'JpllyerSpo .. ~. Tn:c.pnyer wUl rcoogni~ ~uch mterest ftlld other earnings. (f any, as ta)'tlble income to TltXpayer regardless of wbether suel, interest .of other earnings are u.sed to acquire It.eptaeemem Propeny. LES shaH M'IIe no obligation to pay, any inoome, gain;; or oth.er taxes. thai may be imposed with respect to any of the trt\llsactiot:s contemplated by this. Exc.hs:nge Agreement.. Taxpayer furfher certifies under penalties of perjury that Taxpayer is not a ''toreign person'" as defined by Section 1445 ofrl1e Code and lhe regulati9f'1S pt-Omulgatoo thereunder, and thtt1 the Taxpayer is not subJect to 0:101«11' \l,tirhhoidlJ'tg,

fa) On or before nlidntgln of the date thot is (ottywfive {4Sj d~ after th~ date of U,(: tnmsfer of the RelitK(Ui&hoo Property (ill the event there is more than one Relinquished .Property, f()rty--fi~e (4$) dnys after Ib.e tr~e.r tJi the ~ lleJil'lqui~hed Property) to or oil behalf of LES (the ''1dMdflCatinn Period"). Tltxpayer shall identify the Replacem1mt Proptmy to be received by 'l;'A:l.payer in e1:ehange fbr the Rel1nqutshed Property, Snob id~tificadQn$hall be 1dtee(1.18tecl by one or more Notices ofldenl;j "cation signed by Ta:xpal'er. Notkes. of Identification slmU be in writing and sh:allbe hand ideliYered,l'Iuuled (certified. rerom receipt reqnetted), or sent by facsimile to LES or w anf other patty in'Volvedin the exchangeQt\W tban 'tax,paY¢f (lr ~ d)squaljfied person beforetbe end of the Idel~fication PeriOd, Taxpnyf.:t'shall give LE5 JK<1n\pt written notice of any l,l.hanges, d@letions, Of addm:ons and may revoke a Notire of rdeotitl~()L1 only by a W'11uen n~ (41, "NQtiee ef~OIl\1) signed:bylh~ T~ayw and hand delivered. mailed (~, return J'000ipt :requ~).or sent by~mile to LES before the er1d of the Id_iflQatio:Q rer1Qd, To be eft'~\1~ a NOQrel))fldentit1¢8ijQn sel1t!oLES:by facsimile 'lfi1.1Sl be ~t:Q the f$'?slmrle WlPlber s1;()'WITiJi ~~pb 9"

. (b) When Lf£8 rereiVElI'the Notice of l:dent:ifioatiGn, it will sign such Notl~ ·of ldentificafjou.. im;tioumg ilsptopcr r~pt within the l~tticado8 Peri(.')d, TflX,p8YliW" agree;s that lh~ Repl.ieemeot Prop«ty shlJn be id:entined. on. the Notice ofldentifimtion in accordance \vith the followillg principles;

(l) Tnxpa.yer $halJ unamhiguou&ll' .$(iJibe the Replacement Pfup<:rty using either its complete legal description, ·'Complete street addrl3S!l, Assessor's f'arcei Number, (IT

distinguishable mime.

(li) T8~I'Ryer shtlll id$1tify only that N\,IIllber ofR.ep~ccmtllf Pr-operues wruchmeets one of the follo.win$ "tul«$": (;K)f~(3) properties- w1tJiout regardtotlw fait market value of the pr()pertj~~QiJ uny lrIumberofprQpe:rtieS !lO lOng astheit aggregmefair mwt~ value as of the end of tbe Iderlti&attOll Pe.liiod dQes. nat exeeed' two 'himdT~perceot (200%) of the. aW~$ate fair mar,i(!t value of the Relinquished P~f;I.ert:y as of •. he oat'e such Relinquislted Propeny

CONFICJENTrAL ~- SUBJECT TO PROTeCTIVE ORDER LA990067176

was transferred by Tnxpltyer~ or (?:) any nUl'llber of propert.ies without ~egard to t.heif fair market value so long as Taxpayer re<:eivcs identified .R.eplscenJeit Properties oort.'ititOtUlg Elt least nlnety­fiv!! percent (95%) of the aggr~te fair market vahle of all l(~entified ReplseemeHI Pmpel1ies before the end of i he Exchange Period.

TAXPAYED: BERDY ACKNOWLEDGES TRAr[' TAXPAYER BAS DlSCUSSED TIlE REGUl.ATlOl.." PROVISIONS RElATED TO IDENnmCATJON OF ONE on MORE REPLACEMENT PROP1r.RTIF..8 WITIl TAXPAYEU!S tAX ADV'SOll AND LES 15 ACTiNG SOLtLY AS 1'BE RY"TERMEDIARY AND BAS NOT OF'"FER'ED OR PROVlOED ANY TAX A:DVJCE TO TAxPAYER.

5.. A.eguisitlon of Re,)l."tee!!lt'nt~m.

(3) Ta.lpRyer sJn111 have tl~ $Ole d\lty8nd obligation tQ idei~ti'j:y Replacement Pmpert}' and enter iOb;) such contracts aOG agt'OO(nellfs as 1M)' be tletl:e$&aJY Of proper to permit LES to atqt,ire such Repia€e'ment PI'Opert)'. At or before the Exchange Closing,. Tl'lxpayer sbaU uSs.ign its. rights in but liDt iu ooJigatlofWtl!Ider th,e Replacente!'lt Propeny COutract to LES. HOW6V(,;I', LES ~a11 h\Ii1! 110 obligation to accept sueb an assignment unless (j) LES can terminatE!: the Replllctm;ent P'roperty Contrn:et. by the payment of liquidated damages' in an amount oot to e:><cetlid tile ~change Flmd$ le~ a ny ~111 estimated in. good fttith by LES.&s being necesmry (() pay My fires then earned by LES for :ts gervices hereunder a1W to reimburse fIllY expensel thet) or to be jn.curred by LES hereunder. (ii) the Seller of the Replaceirlent Pruperty agn::es in writing to deed th~ llcplacemeflt Pro~y at djr~ed by LES. (LiiJthe SeHer of the ReplaceDnutt Prepcrty consents inWritiJig to tile atosigiliUcnt of'fn;ipft1.ei";s ri.ght~ • .o th15 R:epia~ ·Propcrty Contract to LES~ and (Iv) at the Lime of slJdi aS$~u)eQlt the 'amounto{ the BxdJange Fund~ is sufficient to satisfy the t~ Qi)st~ RSld ,~pfmS~S to be incurred by LES in aGqtliring.tne Replac.eltlent 'Property arirl CQa'il'eyfng it tl.iit~pa~(dt~ .... Repia~t CqSf;"), i6c1udil1g~ wi1klltJtJi.t~on .. the aggregate mtl:QVnt of aU . dtposi'$ and expeodi:tUi'¢$ by LV,., in respect to the purchase price, real estate ~mfMious;, !D":Orat~ons cd incume and e)!.PCIlSe$. ofOsiQgoo$l:f1 ti11e iMUf8l1¢e pr.emlums.. esetow fees, and any otJll~r amounts otbwwise chargeable to L1t8 in oonnection with the acquiJition and ¢oQveyance of the Replacement P,openy tD Ta&payei". butexcludil'llJ m1Y C:.'Itisting iOOrtgage, trust deed or other seoured loans which may be ilS$UntOO or taken subj!eet to by Tupayer, Tbe assignflteJ1t shall be made uSing; the form of assignment approved in fornlttnd substanw by US. Th~ayer$ha11 gh-e WritteEl ~ite·of M~i8Jlmem prwvided m this Par't\gtipb S(a;} kl' tttl parties to the Repla¢e:ment Propert)' Cootrad t;.ein,e assigded on or .~ the cfOElins :of the Rq11acemetlt Property and ~an Qbt$). Written atknowl~fIl1t toQi. aU $Qth p~ that the M.l'ioe m . _&'Iroentc W~.fe=iVed prior to $tiM demog")" ha~g $l$ltpam~ _~e,th~a~ledgm~ at ehe'bol,lpmill:htiidassignn1e.ot.Ta;xpayer shall pltWidl1il.li1SIt~lea$tthr=tJ}busiRessdaYt!priOf ~l)ll~ or~JW seh«llfl~ e{o!iit)g\if' alt(\~tlO!mtnt Pmpeny.· ·:w er~ :tcJ'~t\ timely wiring Qf ~J4~ge;Punds1 ul'loonditinnai aodprol'eJ: wiring instruotiofl!!l mum bt\ pnrvidtd by Ta~b\)'fw to US in wrifhlg 110 Tat:er thal't three busin6$S daysc 'bfdbre the day the ..n~ is to be initiate:4. uruI;tSS "Pupal"'" :has. made :d1ermttiv~ ammSemems with LES.

(bJ LES $haH ar..quire .and Inmsfer, or cu~" to be tr:WlSferred" l~ Tbpay~r. and l'a~payer agrees to ac~ the rteplaeemellt. Pll'lperty or properf.ies identified oy T axpayd' pWW8Jili to Paragraph 4 In the event the Repl~~ent Cost for any Replacemettt Proptel1Y ~eeeds

5

LA990067177

the Excbange Funds, Topayer shall deliver 10 LIDS jl:lst plioI' 10 any closing on \i Replacement ,Property~ the amount of the deficiency, as determined by LES in its selle discretion, in collected funds. ar shall provitle a.,>surancesacceptable to LES, in its sole discretion, that sufficient .funds wiJl be available at the Exchange Closlng to satisfy the deficienoy. L,ES shall not be required in C<ituJection with the aC<Julsitloil of any property or pro~er(ies 10 ti) assume ally loan, mortgage, HabUit Y QT oiher obligation, ot' (ii) pay any cash itl exCe$S of the Exchange Funds; or (iii) take legal ~.iII6 to ally property Or properties. All slich matters s.nalL b~ the sole duty and ohligation of Tupayer. Ilnd Taxpayer sball indemnify. hold harm1ess, nnd defend LESfrom any and all action!'., claims. IJabilities, costs, and ex.p~tlses lotluding oosts ofinvesrigation, c()1Jrt costs and attorneys,' fees and disbursements in connectlon with the tnrnsacl10ns contmJplated by this Exchange Agreement. .

6. Duties of LES, It is undersroooaild agreed by the parties to this Exchange Agreement thai :

(1\) LES has enteroo irtto this a'tC}lange Agreement with the ifrtCllltlon ofbcing Ii. "'quan~ed intMnediary" within lhe ntOO1l:fng of Scct50n Ii 1031(k)-J (g)( 4)(iii) of thelleg\llnrlQfis on the date hereof and shalf use its best efforts to rmin tnat ~~ltiS umilall of the Excliange Fllnds hilve been disbursed jn accordaJ)C~e with this ExehaJ1ge Agreerrtent l..Ji!SaM TA):JlIlYJr a:cJsnowl~S'e ~t1<1. ~ t~t tbis EXvhango Aty"(!ertt(!.rit is intended to $!ltisfy 'fjh~ '.sa:fu harbor" PTori.~jOlJS of Section .l~ 1031{k} ltg) ortheRtlgulations.

ttlj . LES :rs lDNtElnNG )NTO TlllSI';xCAANca: AGlmEMJtN1" SOLELl' liOl\'JBli1 PlfRPOSE OF :Il'ACU.irATING TAXPAYER'S EXCHANGE OF "fHE RELiNQ(JISJm;f) P:[(61'ImTY :FOR THE REPLACEMENT PROPERTY. NfJNE OF LES' ACtlONS l.flNJrER TlnS E4,,{CHANGE A<r:REEMENT SHALL CONST:IT:UTE LEGAL" TAX 011 OTHER AlJV1ClL OR nf·R£Slll'ITATIONS TO TAXPA YER OR ANY 01'lJll:.Q nRSON OR ENTITY. U!!S ~tAJ{E.S NO REPRESENTA. nONS ll.EGARJ)lNG TIfE TAX CONSEQtJENGES OF T.tm TRANSACT10NS CONTItMl?l.A TED BY THIS .F~CIJ.~NGE A(J.R}f:EM.F",~T. INCUJD1NG QIJALIFlC..A TtON OF TIlE TRANSACTIONS SET FOR'l'F1 UEREIX A:5 A LlKE-:KIND EXClIAi"lGE UNDER SECTION 1'031 OF' THE CO))~ on. ANY OTHER MATT.ER TAXP'AYlGR liEREJ,lY Rt.PRESENTS TO LES, AN» 4CKNOWlJ\.1>GES· ~faAT LES IS RELYING ON SUCH REPQES$NTArJON IN nECtJnNG 'tHIS JtXCBANG'E AGREEMENT:, THAT 'rAXP.A YmMS ltXEClfJ7ED TlDS r..."'<.:'S,ANCE A~T :8AS&D ON TlJE ADVICJtOF T.A:.i£PAYER'S l..EGAL AND TAX /U):VlSERS Wl'tlI lB$l'ECT to ALL ASPECTS $,F' t'J:U$ . ,EXCllANGE AGREJWENT AND . THE TRAN&ActlONS CONTEtdPiA'tKD THEllEBY,INC1;UDlNG BY WAY OF'l['LlJS1U'fIONt AND NOT LIMl't'ATlO:NJ FEJ)~ STAT.E, A.NJJ LOCAL TAX CONSEQUENCES, AN.,. EXP1tF~SL Y REI.EASES ur$ FllOM Al'([) COYENANTS NOT TO SUE LES FOR ANY LlABWl'Y WITS RESPECT THERETO, aCEPT FOR :LES' wn.Lll'UL ~CONDUct. GltOSS NEGLlG£NCE OR FRAUD.

(c) LESsl1a\:) onlybeobJigated t9 act as an intermediary illl accordance with the termS and conditions ofthisExcb:ange AcOfeellw~ and shall n0t be bound by any otber CPntTad Of

ag~t. whether at not LESllaskJ:i:bwledge of MY such oomract or agreement or of its terJus or

6

CONFIDENTrAL - SUSJECT TO PROTECTIVE ORDER LA9900S7178

conditions. liES bas underraten tl) perfo,qn only ~ch o.lHies a.s are expressly set forth herein, and no 'additional duties or obl~atjonf. snaH be implied heretmder or hy operation of law or otberwise_

Cd) LES shaJl not be lia.J)Le to Taxpayer or any person or entity for al1y darnllges, losses, costs, el\j)etlses, or taxes that it or 1hey may Incur tiS n result of CUly act or QmissionQf LES' under this Excbange Agreement unless stJch damages, losses, expenses, or taxes are caused by Ul:S' l\tjlUill misc.ondl1ct, gross negligence or fraud. LES shall not incur allY obligation Or liabiJi£y with respect fo (i) an)' aGtion taken or omitted in good faith upon Ihe ild ... iee of jrs counselor cOl.mseJ fot' arty otJ1er party hereto, given with respect to any quesTions relrui ng to the dutjc..~ and respon~ibmtieK ofLES under trjs Exchange Agreement,; or (Ii) any action taken OJ

omined in reliance upon any. instrument, lnclwfing due o;xecution thert1lOf or the idenrity or authority of any person executing $Uf:lh instrument, its valjdity and ~f'feetive.ness, but also M tQlhe trutn and.accurlicy of lib}' l:tlfOttrlatlon wmained therein t hilt ·LES sllall, in good faith, believe to be genu; ne, to. have been siglltd by II proper person or persons ana to conform to the provisions of this Exchange Agreement.

(~) ..Ex~ fer drunages, kl~lK'.s; or expense.!! causoo by LES' willful misconduct; gross negli-genooor fr:aud. Taxpayer shall indemnify, hold hatmless.. and d-efend LES from and agajnst any udl1XlaGtions, suK~,claim:s, charges, costs, losses, damages; llnbmfies, expooses. lnGI(rqing costs (if investigali.on, cQtlrt C,(J'sts, and attOrileys' tees and disbursements thm may be hrougftt or in'lp6sed upon 1 .. I[.S in connection with its: actions hereunder, im'liJding any litigation arising in tonneetion will1 this Bxchange Agreement or invelving the. subject illatt~ hereof as and when ino.tffed, This obligationshal1 surv.ive t~ifl'atjOl1 or Ihis E'xebQ.i1ge Agreement.

(f) Shook! any disptlte arise witb respect to the dciivery or ownership OJ" right of possession (jf any of ~h.e Exchange Funds. LES isautllOtized alld direaed 1:0 retam ill its possessioo ~hciut liabiUt,y to any peFSOu 9t ~Ilty. all Qt any part of t~ EXGhange Fund$. untiJ such dispute is, settled either by 1'Ilutua;l wrilttllagteement ef the ~ies con.~ed or b¥3. fimrl ordec •. d~J;ee Dr )!:l~:of ac;oun·of com~~at jupsdilrtioo· itrme Dllhej:! ·Stlrtes at AmeriCIJ as to '''''bich lin:J(~ fot$ppeal','~ ~it.oo .n.4 n~· i\pp~Jl~ beett Pe.rfecteOJ oot LESlihall tm iunder no duty wh~soevcr~QinSf~or defimdany stich~~~.

. .(8) . L~& sball llbt..bY $.ct".~. @QissiQn or Q~rw.ise. be deemoo to have wwved any dgnt ()f rern~dy~· roIlY have· eithtaund.etthlG Ejj;_gc-Agrwmen, or ~erqJly, un1ess $ouch waiYet be in wthlligAfJd ,iigued by LES, and 5Uch waiver sha!r constitute a waiver OJlly to the extent ~pressJy set forth therein. A waiwr by LES under tile terms of this Exehange Agreemcnt shall not be construed as a bar (0. or a waiver at: the saflJe Dr any other such right or remedylhat it would otherwise have 011 any (lthe.; occasiQIl. .

7. lRglit.atiof1. F~, Upon execution her~ Taxpayer shall pay LES a nonret1,mdable ~~pfec Qf$~SebJfJFee». III addition, TlUp~yel' shalf reimburse LES for any and all cost'S fla140r incurred b.y L¢S in connection with a«ing 8san exchange facHitator pursuant to this E~~angeAgfeemeni. Tbere wlll btt, clf)$ing. fees. of $«CtQsingFee» to be paid for eaoo mjditionaf Replacement ·~ertyto"be "tie an the date Qf c\osiug of such Replacement Property.

7

CONFIDENTIAL -.. SUBJECT TQPROTECtIVE.QRPER LA990067179

8. Conditi,RJi§Pt-~tedent. 1.]t8' ahliglUio"s under Llris E.xchange Agreement shaJJ be -subject, to the exlent nat waived by LES. ro (i) Ihe Taxpayer and all other parties to rbe transactions contemplated herein performing all obJig~tiorts and complying wilh all conditions required by or otherwlse set forth in this Exchange Agreem()ot'; (ii) all proceeding.'1 to be \uhn by the parties with respect 10 the transactions contemplated herein being taken pursuant to valid authority, being duly authcrized and appro'ved ~ncl being evidenced in a manner reasonabty sarisfactory in form and substance to LES. (iii) no statute, rule. reguhnlon, COurt order, administrative order, or regulatKm being proposed. enacted, Of in effect, wbich would or might restrain or prohibh lha transactiqns cOlltemplated hereby or thal would seck 10 prohibil, delay or ch1d1enge ally SUdl tfilOS<f!;lions.

9, H!too:;. EaGhnotice, instmct10~\ or other certificate required or peJ:mitted by the terms hereof $hall be iu writing and shall be wmmunicatf'.d by hand deliv~. facsimile, federal Express Of anolh~r similar ovemight di;:)cuRlept deliverY service. or 'Utlfted Stat~s ma.il. postage prepaid (certified" return. rec.eipt reqlJ~iedj" to thij- part1~ at ille following addres.<;e~;

«TaxpayetS IfeetAd dress h) . «TaxpayeICity». (( 'taxpayerStateabbrev» (TaxpayerZip) Ph<lIle: ({Tax:pa~one» F~; «T~xpayeFFax»

With a oopy10: «Taxpayer CounselNam e}) «TaxpayerCotJ.liSelStreetAddre~sl » «Taxpa)'~rCounselCity»,

{{t~xpa)'erCo~mselStateAbbrew>(, TaxpayefCounscl1ip»

LaJ~~Ql'1031 ~h~Drge ~"i't~t,. h~ «BxchOfficerNaroe» ~ExohOffieeS1reetA1tdJ1llS.'l» <d5xchOffit'!~ily»~«B.~bOffj~$WeAbbre\!» «E"chOfficeZipt} PIrone: «Ex.~h()ffioerPbon~ Fax: «ExchOfficerf'mt»

Any such notice, reque.i;I: or OOJisenl shali be d~ to have been glven Qt' fJlade when delivered in person to the party to Wh0111 the rommurucatioll is qddressed. Of when SC,f)l by fa.csimile to such party at the address. indioated. or ou th~ next business ~ay aft~r bcing senl by Federal Express aT

simitar ovenlight doeullient detivery service or on 'tbe, thkd day after lhe PO$n'1ark date of mailing when ~t ~ c~illed rllail~ MY pl11~may c:h~etlle a~dress at which it is to ~ve notioes by so lidvi/itJlS. t~ otber pam¢! in Wi)til1g. robe clll'e~tjy~ any such ootiti:., I<equest or consent ~rt1 by facsimj!e must be. sent to fJre facSlmUelllln;ioer shown above.

10. 'IaHiJyer~$Rmmentmij@!§. l;f1"p~~r h~y repr~ts to L.ES·1tS follows:

(~ T~Il1\yet~· helt:J tllcReli1lGjtlisheli PfOpen)' tor the pUrposes of productive use in a trade or bU$m~s or investment ana .ha. .... Itot heM sl1eh prClperty primarily fur

CONFIDENTIAL -~ SUBJECT TO PROTECTIVE ORDER LA990067 rao

sale. 'hxf1:ryr.r inteods to hold the Replacement PmpeJl)' fur purP(J5eS of productive use in a trade or buslnc!:.s or investment 311d wi.llnot hold such property primarily for sale.

(b) Taxpayer wiU not purchase any Replacement Prop~rty from a related . .

person as such lenn is defined jll Section 1031(f)(J)ofthe Cade:.

(c) ~h:(p"ytt· acknow:leclges that fur complete tax deferillent under Section 1031 or the: Code;, Til xpayer {)1l,.lSt trooe up or trade even in value, debt arid equi(y. Any cas.h Taxpayer receives n'Onl fhe exchange transaeti{)1\111'4Y l>e tfl'*Bble.

. (d) The aggregate f~ir market value of an}' io(;it.ienla1 property being transferred with the Replacement Property does not e;xceed fiiteen p.ercru,t (15%) of'tlle aggreeatefuir markel 'value of the Replacemen( Property.

] L ]\1iscellaneou$. This Exclutlige Agreement may be modified. altered, or amended only by the written agreement of all the part~: This Exchange Agreement shaft be governed by and construed in accordance with Iheapplicab1e laws of the Commonwealth of Virginia without regard to the conflictoflaws provisions thereof, (ex-cept witb respect to mitten of corpcratioJlla\\i in wlliclr ease the law onhe stale of Qonmtieatiqn shaH apply), an:d shall be bl.iidilJg upon and shall inm:e to the benefit of the parties and thw t.es.pect:ive S\.IOCCSsot$ 1'0 in:ter('$ an,d permitted assigns. Bach of the parties hereby consents and submits to persona! jurlsdkdon in the Conut1ot1wealtit of Virginia for all ma1.t«s that 11,)<\Y arise witl'] respect to fl:tisBxcJ13tige Agreement, and \~-alves any and ait r~lts to object tb Jurisdictlon within the Comm(lflwealth<>fVfr-g,isul{. The parties consent to' venue in 1~e Cil'cuit Cmut of the- Ciiy of Itio~unQndi Virginia amd, to file extent there is subj'eCt ITlarter jr.lrisdiction, h'l the. RfcJunonaDivtsioo {)t' the United: Slates Di&irlet C;aurt fer the Eastern "Dish1ct of Virginia. NQ panytler~ shalt make Of raise·$Y claim ·offoruln nOll comeniellS with resp¢Ct to any eaurt located in the Commonweuitl1 of'Vir,wnia aUG .My liu81lMon reglffdillS this Exchange Agreennmt. The paragraph headings and subhe-mii~ ~ttrined m thi$ E}!;ci1ange Agtoomeot are for oonvenience and r.nerll'd'le6oDly. alld sbaUllOt in any way stroot 1M tneaning. 01-

lnterpretation of this Exchauge J\.~eemet1t. This Exchange A~nt may bo executed in any number of counterparts and ea<:n shall be cOrlsidwed an origmal a1Id ~J.er they sball constitute one agreernent.Facsimile signatures an thisExcl1a.t'ige Agreement or culY other dowment QlUed fur or ~ntemplated in this Exchange Agreement shall be. deemed arIgWIJ signatures. This ExcJta,nge Agreetn~Df COnt'3AII$ the entire undemanding between fWd antOilg the panies ~eretQ. Taxpayer may nQl: ass.ignt~ Excll'llR@e Agreement. Should a court of oompetent jurisdict:ioo find .any portion of this Ex<,;hang'e Agreement 10 be invlilid or unenfOlccalJle. the re11laiJIi08 terms ·and prQviaiQ"s. hereof shaH llQt be ~ed a,~d·shaU T~;rt in f.af force auddfect :Bach party}leJ'eto

. and their Lega.l oounseJ ha¥~ revlewed tl'li~lE.",cbal'lge .Agr~t and have had an opPQf1.l}t1ity to rev1s~ (or recluesf revision o~ tIti$ Ex~~e ~ent and •. thereW~ any usual rules of OOilstru.GtiQtl requiring that ambiguities artt ftJ.·be r:eSdlvc<l against a partie't.tlar pany sbaU not be applicable it! llle;OOtlstfllcl101J and interpl'etation oft1tl!; lEX.nge Agreement. Sl10uld the language of any provision .herein be deemed to Ilegate a Uke-kitld ~~ within the mearung of SectiQn 1031 as to TAx.payet, it snaltbe rrrterpretOO andappli~d in c;rder tooom.ply with: Seetion 10"31 of the Codt;; Regulations, ca~e la\/(, and admitJiSlnltwe proliOu~~ i~i:ng the Code and ~ulatiQns.

CONFIDENTIAL -- SUBJECT TO PROTeCTfVE ORDER LASSOQ67181

12. :Waiver of l\lrv Trial THE l'ARTIES WAfV'E TIDAL BY JURy OF ANY AND ALL DISPUTES ARISING HEREUNDER OR RELATF.J) B:ERETO AN'D AGREE THAT ALL SUCH DISPUTES SHALL BE TRlED AND DECfDED SOLELY 'BY A Jt'DGESITTING W.ITHO'UT A JURY.

IV

caNF=IDENT!:Al - SUBJ'ECT TO PROTECTIVE ORDER LA990007182

WITNESS tbe following signatures:

LANDAMERICA 1031 EXCHANGE SERVICES, INC.

By <dlxcbOffieerName})' Vice President

Signature: _____ _ Date:

11

CONFIDENTIAL -~ SLlB.JECT TO PROTECTIVE ORDER LA990067183

EXHIBIT 2

INTENTIONALLY OMITTED

EXHIBIT 3

-~-----'-"'.'''''--''-'--

From: Gluck, Miohelle

Sent: Thursday, OctoberZS, 2008 S:4{l AM

To: 'Edwards.8Ilan.O'; 'Mayfield.BiII'

Cc: 'RGMason@WLRKoom'; Ramos, ROfltlie~ Eva~. SIU; Chandler, Too

Subjl!fJt: RE: ARS

Attachments: STANDARD DEFERRED EXCHANGE ABREEMENl.tloc

I did n01re~€ianv ktttar from '1011 yest'ri,{<'!ay or a call. The refatiQO$hlp betWe9t1LES and its ousl1)in~($ is clearly set forth in the e'l(ch~fl9~ IJ{Ifaernetl~ a CQP)' of whlcn 'i att;a'Cl'iad. We have !'fot made youawm", of f$<:w that suggest that LES roay haye "lotatsd Its ftduoory dlttf aodlof o'ths,rWft;;e acte«:i Improperly with r~gpect to thooq customers. We hs\16 at all timos followed the ad\ljb~ of ol..flslQQ rounse1 G$ to' otfrdmtoo $/(1 \l)'9:POA$ibitil.i~ aTit:l do ncrt bl)ne-ve: yeu have suffiCienl infortriBlitlJ;l II'} d'raw any conclusion.

let's begin with the ARS requ(fSi that will be cDmlng In l()day wlttl t1n e1(plaflatiQn. We rouiv&1'l approval fr.Clm the Nebraslt.a 11'l9UraRC& CQmmisskmer I~ night to eX'chert9!l ARS wIth lmv at $40 million fot liqllid Qs,sets from the ul'ldslWflfer of the same '\Islue. That ~ e otltica' ple<;& Qf tllft liquidity plan, Wllh fe$pbet tf; the $65 mllton. Bill Ev~ r:'JB'. our Ci=O will selld iii commUflica1lon wdli!yaetting folihthe dates that new moo.ey wes dsBv:ared from tfu}. tt!}k\ing C(lmpany t~the 11l3:t exchange cotnp~ny in return f(Jr a receivable kir ARS thfttW8S set up un the bOcks of the holdfng company. He can also provida detail ~s to tl'le balancing of assets and liabllffies.at the exdtunge company which Vie have m~ititainoo at all Ume".

I appreciate you sn.d Bill remait'l/ng in the tocip. but esololloh wM em ~n4 SunTftlst IS Not going fO b~ acttflilVableWiihaut the involllernBllt ofa bustnl$l'i pef!!l4l'i on the- STRH sid.. I"et~i. WQrktiWVards a phot1e call With bI.lslntlS:& people. aa "",elias ... ttom~s. I iopk, foJvial'dw-receiVlng 1l<!!'I'f6&atld 1.W~~It)' a$.$t)Qfl,ps~bfe .

.ultl baile1l#flLfw YbuifosftowfJ\a wJ:n,~reS\illTrtl$i's: FltJAA s:effISl'flent 'tequir~ It 10 be· f,It fauJ~*. Tbe industry. slaodaro ,~irre(1tt;j,fooll.~ "*I\lI~l'l9:re 'pry~i~pl1' 0' flqofdlt~ to !tl$.tl,lj~lj,,,a! ariq ir.n:ii ... IJ11l,~1 tWSlOfS'leRi r~l'll'dlesg of fault Y'fItIt' cOrrtfj'l\leil

postulttigtharSUttTrustW'in<lo;J\~ll:ttS l.mUle 5i¢urile.litSide.ls nOt ~I\g~. tmwafde a solUtioll, SPeQIliC la« iii'lding should be l~ftfudi;!cO\JerystiolItd HtJgatfcm b~ rI'eCl!Sstil)'"

10 factli1ate open commuilicatian:, f,!Iealfll'; (;aJ[ me M itW c:ell numb4if (~ct4)341..o324 It yoo caol reaCh me In my office. l.eavlng a tl'lasQ4gli Oil my offit::e phone ars'P woFk$ ...

Michelle H. GI\Jt<k Executive \'k.le Presidenf end Chief legal Officer legar Resoutces LantiAmenca FinaAO!af Group,II'I(:. 5s-oti Cot. R(l1aO Glen Al&im. VA 2,3060: ?hene; g~61.ag83 F~ 804~143a30 E:man~ mtl@k@f®!.1Im~

,. , " f ) •

NOfle!:; lhl$ ~~i)nk> mail tmfl'sms$klf1 ~ COI'I&1fWt& an sUomey~CIi~t I,iOmrrll,n'iic«llon that is privileged stfaw. tt is hot Int~ed' fur1nin&m~4Qn to. orreteipl by, gny ·uooolfi~r~ied ~~r$Oli$. ,(fyou have- received this &lectrMlc lTiell tmnsmlsslon In errol. pfessedemm ttlfOm YOlJrsjatem w/Vtout eopying ~t, Brul nllfTtvthesender by repl, liHl'UliL so tI1i1t our addl'$S& ratord c;:arI be coaected. .

~ront: &:Iwards.Brian. t> [maiJto!Btf.':ln.O.Edwafds@S~11T l'lJSt.com 1 Sent~ llntr,sday~ October 23 .. WOS a;3~fAM To: Gluck" Mlch~~ bill.IlI<lyf'ield@lStintrust.COfI1

'mMason@Wtj'U':.c:om; Ramds, Rornlle; An4e~n.!<lig

l0I23f200&

CONFIDENT1AL '""" SUBJECT TO PROT ECl1VE ORDER LA990067170

Subject: RE: ARS

I explained why we did nat Pfoc:ess tha rilquested transfet yesterday 'nt\ie letter that I sent to you several hOllfs before your Q..-niaH below. I also fried ICleaH ~~OiJ todi$cuSs1he situation. I am sorry {nal nelfhef YOti nOf anyone on YOllr staff Was available to dISCUSS the issue yesterday.

As: I s.tat/ild: In my f~tter. there~son whytfie tr~l'Istsr 'ilia!> notpronet~od yesterday 1~ r~la1ively simpla. You rec(lntly havs Sta(~d in wrltin£! that lha 1I1GI10Y llsod 10 puicftase the S9Ct.Irilies in lES~ safeR~epingaO¢ounl W~ monmy held "in escrow as a fiduciary" on behalf of LES''S customrns. If' addition, Yilt.! tiE(Ve- made lIS aWl1rl') of ftlots that suggest that LES may have violated its fl4lioialy. dtrty and/or otherwise acted improperly l,I,'ilh respact10 these customers. While I fraElyackJ)owledge Ihat we are hot in possesSion of all of the faciE tnlliare Mcessaryto reach a lirm .col'iclusion about this at this point, ('hers Is n~ qvestion thl;it the information (llal yew have prov;ded gives us tegllimate causo for ~onCtlrrt 10 thefaeeof this Information, SunTrUSl reCCNEld a rei'.JlJesf to bansfCiI ARS out of the LES saf~keepjn9 aoco!)nt to an aocolJnt with 811 entity that, based 011 what we know, h:as rio fiduciary, custodial. or ~tl'ler relationship wi1h LE;$'s. tuaOOr1lGlS. To my knowfedge., no expiana~cn was prO:~ded with the request to enable SunTrusf to ootietl.lnde[$t~t!d the circumstances s~rrou"ding thls.reqtn:sted nnsfer. As a result. I asked thai sOfTl@Om: from Lan{JAmerica's legal DafJaIfrt\ent contact Me 50 Lhat I could IiJld out more aoout the ~ituat1on.

As I informod YOu in my IsHer, the voloem&1 f mes3age that you lett tor mEr yesterday provides a-n eXllfanafion ot lois . transferthal address.es the conce.rn diS(>IJS&(rd 1¥b~!Je, My only remaining q~eetiQn is. whe~ef the ~5 million transferred by LFG to LES i$ !!leW money that is being .prQViO'eQ to LES only QII th!l!. c6oQition thlilt lliS pTovide the ARS Ine);Cha"f!& or wtre\h.Qf thi~ la, jn Whole or iff pan, Rlf:m:ey provided to LEs previously wnhout such!! candrtion. Af this paint, Cfnr::e we are (;omfortable in aUI undtl~nding,tlflhedfcUms:tt:lnws ~ul'roum!If1S: tJ}is transfer. StlliTr~l shol.ltdb4~bleto proceS5 11161ransliwon promptly _ ;: Of

-expedieltoY'i.6~ke< if you would provide a1Flmff),~na:tlj)b ofthirl t(;;lf\$SWOh rell:itlng to the ~dQitlonal trallSfl1!F fhal you G'xpeci to ~est today', that \.,rru allow us ~Q ~ove filQMCjUfl:KW,

III raspo/l!l1e til your requ~;t far the n.ame ·(If a .contact ~l SIRH. yt,)1J ~n ~onli l\lJe 10 (..'OJmminicat13 wi1:'h Bill Mayfield and me,

In r~{>Qn$e to Gill's fl3quest for ~ meeling wltn itlt Interested persons, , agree that woullj be pi oductlve aJ'id am happy to-• ..c:fpata. I do not helieve ful:ltihle m~t1ng neeCS((f bttii'r petsl.1n and thl nttflat we wtJI be able. to I'llOV& mate qUIckly if we l1.ave e calL The only ttme that j cannot be avail~bb today and to~rrQ\"'It;befv\'~m1 9 Wld 1():30 tomorrow morning.

\/Vith fespe~t (0 thli! AR$ Iha.t .L.ES PLU'cha$Eldtflrough S:TRH, t w0ulq iKe io roiteFtlle my pt~vi(jU$" reqvest lha.t YOij pro.\/'(I~ mfHvlttJ ~ny facts If! LE~ 'So PI'$~as~:on tMHt belh~!"les-d~monsfrate thatST~fif at;t.ed Improperly with raspectto the sale ofthesQ ~rl~es to LES. To datal th~ Qnly. f~pP,bSe thaI'''$- b~n prtWidfjl1 ,tQ this request Is Vt~ slatemenl tnatSTRH should re-­p1,f{ch~se ft1eARS bf'l{fliuse it v/~sST~H thahol~the Am.,

. finally, wittl all dll~ r~, "!llr~ltln,d,Q:rsf:al'fd -«tM'i~U. must be unqet a ~retlHtel:il of pi~~!J.~. I pS:lievethat we toufd all bMefitfrom more.Cip~t1 c:ommunicaMI'I aAij,f~$ ~,tind fe\.i!ifjtiflt~J$,t1Mt~~ (lem~nns. Whe"itmryolJmcogn£2:E! it or nldt, we.ste tr)1nDtP flgut~mJtway~ to hefplandAI'l'i&rlrm.~'bUtW~Ptl~htoso;jn a manner OOt'lsiSIi3ntWlUl Dutobliga1ionsto SunTnIst ' ~ welf. . .

Please' 1~1 me knQW If a nd when YQU Wl1ul<1 like lotalfl

----~~-~------.. ----.. -...•... ---.-----... --.--,-.. --._ .... _ •.... _. From: Gluck. Michelle lmailto;.MGIucIt@LCl:ild~m.CQrrt] ~t! We:mesdl:iy. October 22,20013 7:29 PI., TO! Edwards.Briar-.O; biILmayfteld@.lS1iintrust.tol'tl Cc RGMasGo@iWlRl<.com; Ramos, Ronnie: S«bjectt ARS

P1ease- explain why you blocked lhepr.o~t;Jf B lqirisfer ofAR6 tPCIay from the 1041 Ex cha,.ge COfAllany to LandAmer!ca in 1he arUot,mf equal to the reo~iv~ble L~qAt'M1ti:& c~otly,hi!s. on Its books I'roftl the Exchange Compar.ty. We fi.eed 10 balance the bookS. Se~nd, N~~sk;ahaG:!:o"$!3Atedtil· o.ur tronsferlihgapproxin1titely ~O.mllliOn arMS to lb~ uMetwrhem IOn'!orrQW' in ,..~ 1m for $40 million Ir1 nl;juld secUrities. l1\ar reqijest'is ae.rltfeal pIece of me ilqutdiiy Pla 11 am shoUld be P~\JS$ed immedialely.

lutl3!2008 CO·N'FtDENTJAl - SU ejEct TO P.ROTECTIVE ORDER . .. ~ .. . lA990067171

SeJ»arab~ly, please- p-rovidl;l!he name of CQlmsel and a business contact at Sun'rrust Robinson Hurrrphrey. Cjti is ready to meet its '1~IiQf1s Under the ARSbut w~~s a hands on mee,i ng with IJS, Sun Trust as the !Jank gri:)up repri)Sell~ative ano most ~rf<jntfy the S~CtJtilles $1C/e·of your houSe. I tflinK; an in person fTleBUng would bsmost producliVe, and should occur thi!S week

ol'Waeketld if at a.1I po$t>.ibl$. I ,,,ould appreciate YOIJPJi5\fiding me the Hames. and positions o.fyou( participants along with preferred tlme and pl~Ce Qf meeting. CUi is Willing to bring their business decisioo maKl!rs and lawyer.;, We. would appreciate you dOing Itle $Srne.

1 klol( forward to your fcspanSoe.

MrcneUe H. Gluck Executive Vice Presidellt and Chief LegaLOfiicer Legal ResOun;es lsndAmertca rmancial Group, 10(;. 5600 Cox ~oad Glen Allen, VA Z3060 Ph~ne; 804,;.26'''-8383 Pax: ~(i4-287...gSaO email; JItgluok@landam,OOffi

~ :. ......... ~,-,...,--,..."-~-~----NQ" CE: ThIS eleetl'al'lk: mailtransrnission mav constitute an attoroey~lent commtulication' that is privllegGd at IWli.lt is not il1t~nded for frarilmlisstort to,Qf receipt b'y .• any uhauthot'lztfd persons. II you haVe i.eeoll1lW- Uus electronic m.alJ I mnsmlssl on In ljJi'for, jJleasa delete ',t from your $y$m withpwt uopyil1g it. and notify the sood~r by repfv e-fT'll'lil, soth<'ll ~lr add ress record can b~ OJrrOO(!d.

"iA1. DISCLAfMER .: iJlfonnation innsmitted is intended solely for the indivi<1ual or entity to wtricb it is addressed and may contain

confidenlial and/or privil eged material. Any review. retnmmn ission.ai::;scmi oatiortoroihe"r use of or taldng a.ction in .re:IiallretJpmt tfrlsinfurmation by persons or ctJtities other titan tlte intended r~piem is prohibited. tfyon have teee'ived'this ':01011 in_Of ,J<*lse contact the setlder and delete the matetial ffO!1l: any computer.

Sun".l'"rustand· Seeing beyond money are fedetany registered service marlal of 8unTrust Banks, fnc. [ST:XCL]

lOt13I1008 CONFfDENTIAL -- SUBJECT TO PROTECTIVE ORDER LA990067112

EXHIBIT 4

I~~ SUNTRUST-

SUHTRUST BANK P. O. BOX 620547 ORLANDO FL 32862-0547

LANDAHERICA EXCHANGE CO

PAGE 1

ATIN BANK REe DEPT ICENTRL BLDG)

5608 COX RD

GLEN ALLEN VA 23860-9266

RIDGEIfDRTH IHST CASH HGT HtI F1IHD

MONTHLY ACTIVITY STATEMENT STATEHENT peRIOD 89-81-2008 - 09-58-2008

STATEHENT StlKHARY

INTEREST PAID 1,563.16 INT PAlO YEAR TO DATE 7 .... 826.18 FEDERAL WITHHOLDING 0.00 FED WTHLD YEAR TO DATE 0.00 INTEREST EARNED 1,922.81 INT EARNED YEAR TO DATE 6It,953.64 AVERAGE BALANCE 1,875,589.911 AVG BALANCE YEAR TO DATE 2,926,386.53 AVERAGE YIELD 2.17&Y. AVS YIELD YEAR TO DATE 2.957X CUSTOHER NUItIIER 201243318-060 CUST TAX m NQlBER 54-16G90~

INTEREST PAVABLE 1,922.81

HOHTHL V ACTIVITY

-----------------------------------------------------------------------------.. ---------TRANSACTION TRANSACTION NET INTEREST

DATE AKOUNT CHANGE BALANCE RATE EARII£1)

08-51-2088 2,617,959.94 09-01-2008 1,565.16 DIVIDENDS PAm

1,563.16- DIVIDENDS DISBURSED .00 2,617 ,939. 9lt 2.170'595 155.65

09-02-2008 2,368,551.73- 249,388.21 2.1798050 14.89 09-03-2008 295,591.83 5'i4,788.84 2.18082711 32.55 09-04-2808 283,431.05- 261,348.99 2.2011480 15.76 09-05-2808 118,678 .15- 1"'2,678.84 2.1747315 25.5(1 19-08-2018 352,668.26 "'95,347.18 2.1771405 29.55 19-09-2008 319,347.33- 175,999.77 2.1784545 10.5' 09-10-2008 1,544,160.87 1,720,161.64 2.1853530 182.99 09-11-2DD8 1,351,888.23- 368,272."1 2.1715560 21.91 19-12-2008 1,372,113.66 1,7"0,386.07 2.1562625 308.45 09-15-2U8 688,806.13- 1,051,579.94 2.2016320 63.43 09-16-2008 878,608.51- 172,971.63 2.2651055 10.73 09-17-2008 4,895,946.00 5,068,917.63 2.4029668 335.71 09-18-2008 4,517,5911.68- 551,522.95 2.3071440 34.86 89-19-2088 1,559,481.56 1.891,00",.51 2.1916310 348.6It 09-22-20118 1,584,598."- 306,"'06.07 2 .151t!i4 70 18.08 09-23-2008 34,152.51- 272,253.56 2.1811155 16.27 09-24-2008 155,659.79- 116,593.77 2.1215875 6.78 09-25-2008 5,618,116.87 3,726,709.84 1.9869755 282.87 "9-26-2008 S,~2,343.89- 524,365.95 2. 01511805 5S.73 89-29-2008 1,400,576.12 1.724,942.87 1.9611335 92.68 09-30-2008 1,1&0,084.47- 544,857.68 2.0957890 31.28

11/)(004 (121W)

CONFIDENTIAL - SUBJECT TO PROTECTIVE ORDER

LA02030021245

LA02030021245 I 1 LA02030021245 1IIIIIllllllllllllllllllllllllllllur··

\JI~ SUNTRUST~

CONFIDENTIAL -- SUB .. IECT TO PROTECTIVE ORDER

LA02030021245/4 LA02030021248

LA02030021248

1IIIIlllllilin 111111111111111111<1111

~~ SUNThUST"

SUNTRUST BANK P. O. BOX 620547 ORLANDO FL 3286Z-0547

LANDAHERICA EXCHANGE CO

PAGE 2

ATTN BANK REC DEPT ICENTRl BLDG) 560B COX RD GLEN ALLEN VA 23060-9266

RIDGEWORTH INST CASH ftGT "" FUIftJ HONTHlV ACTIVITY STATEMENT

STATE~ENT PERIOD 09-01-2008 - 09-30-2008

THE FUNDS HELD ARE NOT A DEPOSIT AND THEREFORE HOT INSURED BY THE fEDERAL DEPOSIT INSURANCE CORPORATION

CONFIDENTIAL -- SUBJECT TO PROTECTIVE ORDER

•

LA02030021247

LA02030021245 13 LA02030021247 1IIIIlIII1l111111I111111IUIIIIIITlir

EXHIBIT 5

INTENTIONALL Y OMITTED

EXHIBIT 6

ExecuCive Summary LandAmertca 1031 Exeha:nge Setviees, 111C'"

LondAmerloa 1031 ExcJamge Services, Inc. has served as qualified intermediary in aQCOl"dance with IRS Section 1031 E)tchant¢ t<Jgolations since 1991. LamdAmerica serves in a fiduciary capsc.i1yfor those individuals. limited partnersbips. small bu.'!ines~ arul cotporatiOl'lS wishing to defer taxable capital gains on the sa1e of investment teal eslate. When pm1icipating in a 1031 exchange. the taxpayer has 1 SO days fiom the sale of relinquisbed property to olose on the purohaoo ofreplru:emem property. BaJanoe i~ ret'et:eneed below reflects the fad that larger deals lend 10 ~ balances tel be held in segregamd I(;OOunts wneGaS smaller deais remain c:omm~

'tbil is -lUsh maI.1in boomesa with greeterthl'lll SOOA profit Dltu'gims and ilr ofpmUoular valnetoour ~aJ eHannet·s ot'fbrts to provide atull suite of services to· its Ral estate customers. This offering is in1egtated into our commerchu sOMcutitJe offM(ngs. Illvestor's W1e of this serrice to defer capital gains has. grown in popularity over the past 10+ )lOOt'$. .

LrmdAmerica 1031 Exdtangc Services! Ine. generates .revenue fi'om twa sollJlC$;

I. Fixed fee$ 2. lntetest aprtwi ..

N(J.te: Our title iWltmlnce und~ uswdl)t participate iII the trat'tSflCtions and gemrate titl0nwe:ttU8 8hovtJ and ~nd • exdwlge fcesreforen¢ed h~

·tttIti~·_~.mtdApterb,1g31IuhlIDaEJ.,·1I!. "~ _.' ,'"", ,".. ,- ". -;;- ... - ';" "'.-. " -. - " '". ,;< " '.~.. - •

Quattot End QuarlerEnd :I.@m: p~~ QuarttIr Tmllgb~lan~ Quarter

2005 S1.6I> 3Q. $1.1b 4Q 2.006 $1.7b 4Q $13& 'lQ 200:1 SlAb tQ $9OOmnt 4Q

CONFIDENTIAL -.. SUeJeCT TO PROTECTIVE ORDER LA&90000962

c .... ,.

2fJO& ConUningled Ihl1ttri.ccS:

CutRndssoe·

Janualjl February March April Moy JlUle July Angust ,September

$837inm $69Smm S616mro $550mm $49Smm $46611ll1l $411mm $37~mm ·$318mm

As business :volumes a10wed ili0011)' 2008J the credit crisis camed a portion ($290.s:mm) of tbe undett~lng, liquid lnvestm.ents of .our exchange Ct1stomeTS to become illiquid at a time whm we were bolding approxiDlately $100 mUJion of client futtds. Sin(':.lb then. as volwnesslowed mote during: the.height of the cr¢dit crisis, outflows exceeded mflows by nearly $400 miDioo. ~sting the bRlanceot the liquid m~ent partfulio.

Outflows in recent months have been heavier than we expect in the future as the older. mote ~ files from II healthier real esmwenvironmentteach their respective maturity cbUc,. Within 180 d¥ of original reooipl. With inflows stabilizing nQrth of-Sloe million and outflows .as-sociatedwith the large,inflows of CWiier this year dim~n& \W ~ the b3lan~ in tlt~ invctStn1entpM1icillo fo be under le.58. pressUre. fI~~«.· it i.Si hkely

. ':tIm~ .. . .. 'Wifl·'~· ~:tmih1g~~«~ betwoeninfl~ws and~ow~ ire . : '4l:~oll·of'CM~€!~\U'lllltm1jiriauCtion_~~e6.,

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lnilim'i

S303mrn $l&lmm ,327mm $16Omm S14Smm . SlOOifi1:jl $'14~1i1

~h!.tfuts

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J2Uf~<& ($79mm) ($66mm) ($SSnun) ($29mm) ($56mm) ($32nun) ($62mm)

CONFI DEN TiAL - SUBJECT 'r0 PROTECTiVE ORDER LA990006963

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LA990006965

EXHIBIT 7

From: Ramos, Ronnie Sent: Tuesday, September 30,20089:03 PM To: Flatin.Mark; Strauven.Christophe; judson.mcadams@suntrust.com Subject: FW: Open Contract reports

Attachments: OpenOrdersOverlDay 05062008.xls; OpenOrdersOverlDay 062008 By Investment Type.xls; OpenOrdersOverlDay 06022008 By Investment Type.xls; ContractsWithABalance 07102008.xls; ContractsWithABalance 08042008.xls; ContractsWithABalance 09022008.xls; ContractsWithABalance 09292008 Axis We haven't been running those reports all year. Attached is what we have. I have also asked for a monthly summary of new files open.

From: Thompson, Patricia Sent: Tuesday, September 30,2008 5:46 PM To: Ramos, Ronnie Su bject: Open Contract reports

Ronnie,

Attached are the Open Contract Reports for 05/0612008 thru 09/29/2008. Let me know if you need anything else.

I left Clyde a VM for a breakdown on new accounts opened each month in 2008. I'll send you a report as soon as I receive it.

Pat

PATRICIA F. THOMPSON TREASURY EXCHANGE MANAGER LANDAMERICA 1031 EXCHANGE SERVICES, INC. 5600 COX ROAD GLEN ALLEN, VA 23060 PHONE: 804-267·8528 FAX: 804-267·8834 E·MAIL: pthompson@landamcom

CONFIDENTIAL -- SUB"IECT TO PROTECTIVE ORDER LA990012242