PROPOSAL

To Exchange Property for Trust Beneficial Interest

Certificates To: The Board of Trustee(s) of: THE JOHN SMITH DOE

TRUST

From:
Telephone:

Address:
City, State, Zip
Re:

Dear Board of Trustee(s):

After considering the benefits of transferring property into the above named trust, I have
concluded that an exchange of certain property for Trust Beneficial Interest Certificates holds a
promise of attractive future benefits. This offer is, therefore, submitted for your consideration.

I herein propose to exchange the following property for a minimum of Trust Beneficial
Interest Certificates. Further, it is understood that such an exchange would be neither a gift nor
a sale, but a tax deferred exchange. If this meets with Board approval and if, indeed the Board
feels that such an exchange would create future profits for the organization, please reply with
directions on how to proceed.

Description of Property:
________________________________________________________________

________________________________________________________________

________________________________________________________________

Existing liens against the property (if any)

________________________________________________________________

________________________________________________________________

________________________________________________________________

The “basis” in the property for tax consideration is unknown. If you need further clarification
respecting the above, additional information will be made available at your request.

Your immediate response will be appreciated. Thank you.

Sincerely,

Date

Date