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PROPERTY EXCHANGE <br /> CLOSING STATEMENT <br /> This is a property exchange pursuant to F .S . 125 .37 . <br /> Seller: KAH Development Corporation, a Michigan corporation ("KAH") <br /> Buyer. INDIAN RIVER COUNTY, a political subdivision of the State of Florida ("IRC") <br /> Property. Portion of Dirt Roadway Known as 8`s Court SW as well as Murphy Act/Road <br /> Right-Of-Way Reservation, both parcels from Tax Parcel I.D . No. 33-39 -24-00000- <br /> 5000-00012 . 0 <br /> IN EXCHANGE FOR <br /> Seller: INDIAN RIVER COUNTY, a political subdivision of the State of Florida ("IRC") <br /> Buyer: KAH Development Corporation, a Michigan corporation ("KAH") <br /> Property. Portion of Tax Parcel I.D . No. 33-39-24-00000-5000-00013 . 0 <br /> PROPERTY VALUES (at $2. 3422323 square footl <br /> IRC property: 5,600 square feet = $ 1310116 . 50 <br /> KAH property: dirt roadway 2,415 square feet = 5,656.49 <br /> Murphy Deed Reservations = -0- <br /> Difference $ 71460.01 <br /> CASH TO CLOSE /PURCHASE PRICE <br /> (due from KAH) : $7 ,500. 00 <br /> EXPENSES <br /> State documentary stamps to be paid by KAH <br /> on KAH's deed to IRC ( $39 .90 included as part of <br /> purchase price) <br /> 1 <br />