Claudia F. Walker - Page 8

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               Claudia Walker agrees to pay deferred property taxes on                
               hers and Bert’s share.                                                 
          The Settlement Agreement was also signed by Mr. Walker, but it              
          was not dated by him.                                                       
               On September 26, 1997, Mr. Walker signed and had notarized             
          the quitclaim deed that conveyed his 25-percent interest in the             
          Happy Valley property to petitioner.  The Settlement Agreement              
          was attached to the quitclaim deed and provided the consideration           
          for the transfer of Mr. Walker’s 25-percent interest in the Happy           
          Valley property to petitioner.                                              
               On September 30, 1997, petitioner signed an earnest money              
          agreement with a new and unrelated prospective buyer, Parker                
          Development Northwest, Inc. (Parker Development), for the                   
          potential sale of the Happy Valley property.  The earnest money             
          agreement acknowledged earnest money of $200,000 and provided for           
          release of that $200,000 to the listed sellers, petitioner and              
          the Walker Family Irrevocable Trust, by October 15, 1997, and               
          closing on or before October 31, 1997.  On October 1, 1997, the             
          trustee for the Walker Family Irrevocable Trust, which, as                  
          previously noted, owned a 50-percent interest in the Happy Valley           
          property, signed the earnest money agreement.  Mr. Walker did not           
          sign the earnest money agreement and is not mentioned in this               
          document.                                                                   
               The quitclaim deed that conveyed Mr. Walker’s interest in              
          the Happy Valley property to petitioner was recorded on                     





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