Raymond St. Laurent - Page 4

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                    (B) A delayed like kind exchange, whereby the                     
                         purchase price shall be paid by Buyer to                     
                         Coastal Savings Bank of Portland, Maine (the                 
                         “Escrow Agent”), as escrow holder, for a term                
                         of one hundred eighty (180) days after                       
                         settlement (the “Exchange Period”) and the                   
                         deed conveyed to Buyer and the settlement                    
                         otherwise consummated as elsewhere herein                    
                         provided.  The entire purchase price shall be                
                         held by the Escrow Agent in an interest-                     
                         bearing account.  Within forty-five (45) days                
                         of the settlement (the “Designation Period”),                
                         the Sellers may designate in writing the                     
                         Exchange Property to be acquired by Buyer                    
                         with the escrowed money, the costs of which                  
                         are to be paid from the escrowed money.  If                  
                         the Sellers fail to designate an Exchange                    
                         Property within the Designation Period, then                 
                         upon the expiration of the Designation                       
                         Period, the Escrow Agent shall pay to the                    
                         Sellers the escrowed money and all interest                  
                         accrued thereon.  If the Sellers designate                   
                         the Exchange Property during the Designation                 
                         Period, but the Exchange Property is not                     
                         transferred to the Sellers before the end of                 
                         the Exchange Period, then upon termination of                
                         the Exchange Period, the Escrow Agent shall                  
                         pay to the Sellers the escrowed money and all                
                         interest accrued thereon.  The Sellers shall                 
                         have no right to receive the escrowed money                  
                         or interest accrued thereon prior to the                     
                         earlier of (i) settlement on the Exchange                    
                         Property, (ii) termination of the Designation                
                         Period without the Sellers having designated                 
                         the Exchange Property, or (iii) termination                  
                         of the Exchange Period.  All funds remaining                 
                         in the escrow upon termination of the                        
                         Exchange Period or after settlement on the                   
                         Exchange shall, after paying the Exchange                    
                         Price, be paid to the Sellers.                               
                    (C) Any other arrangement mutually satisfactory                   
                         to the Sellers and Buyer whereby the Exchange                
                         Property is conveyed to the Sellers and the                  
                         Property is conveyed to Buyer.                               
               Two checks in the amount of $390,500.30, made payable to the           
          order of Coastal Savings Bank-Escrow Agent (escrow agent), were             




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Last modified: May 25, 2011