THIS REAL ESTATE EXCHANGE AND PURCHASE AGREEMENT ("Agreement") is made and entered into this ___ day of. Exhibit "B" hereto, to acquire the right and option to have the Run-A-Muk Expansion Area conveyed to the County;.A property exchange agreement is a contract between two parties in which each party agrees to exchange specific assets. A parcel of land, lying and situate in the Northeast Quarter of Section 15, Township 3. South, Range 4 West, Salt Lake Base and Meridian, Tooele County, Utah. A Utah deed is a document that facilitates the legal exchange of property ownership. Buyer's obligation to complete Closing shall be conditioned upon the satisfaction (or Buyer's written waiver thereof) of each of the conditions precedent set. Telecommunications Facility Exchange Agreement: Utah Department of Transportation and NewPath Networks. Compare the best 1031 Exchange lawyers near Salt Lake City, UT today. Use our free directory to instantly connect with verified 1031 Exchange attorneys.