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Mr. Dave Relos <br />July 17, 2013 <br />Pg. 2 <br />The value indications within the appraisal report will be subject to any assumptions and limiting <br />conditions or hypothetical conditions stated in the report and /or the addenda and consistent with the <br />certification. <br />Sincerely, <br />R.E. PITTS & ASSOCIATES, INC. <br />Rick Pitts, MAI <br />Indiana Certified General Appraiser, License #CG69100722 <br />Engagement Letter Accepted: <br />Signature Date <br />