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File No.140030S SUPERVISORY APPRAISER'S CERTIFICATION: The Supervisory Appraiser certifies and agrees that: 1. I directly supervised the appraiser for this appraisal assignment, have read the appraisal report, and agree with the appraisers analysis, opinions, statements, conclusions, and the appraisers certification. 2. I accept full responsibility for the contents of this appraisal report including, but not limited to, the appraiser's analysis, opinions, statements, conclusions, and the appraiser's certification. 3. The appraiser identified in this appraisal report is either a sub-contractor or an employee of the supervisory appraiser (or the appraisal firm), is qualified to perform this appraisal, and is acceptable to perform this appraisal under the applicable state law. 4. This appraisal report complies with the Uniform Standards of Professional Appraisal Practice that were adopted and promulgated by the Appraisal Standards Board of The Appraisal Foundation and that were in place at the time this appraisal report was prepared. 5. If this appraisal report was transmitted as an "electronic record" containing my "electronic signature," as those terms are defined in applicable federal and/or state laws (excluding audio and video recordings), or a facsimile transmission of this appraisal report containing a copy or representation of my signature, the appraisal report shall be as effective, enforceable and valid as if a paper version of this appraisal report were delivered containing my original hand written signature. APPRAISER y SUPERVISORY APPRAISER(ONLY IF REQUIRED) �#-Signature_ SUJ V1 hC__ Signature Name J.Scott Dolenc Name Company Name Appraisal Consultants,Inc. Company Name Company Address 2975 Valmont Road,Suite 210 Company Address Boulder,CO 80301 Telephone Number 303-443-6221 Telephone Number _ Email Address acibouldera,aciboulder.com Email Address Date of Signature and Report January 23,2014 Date of Signature Effective Date of Appraisal 01/15/,2014 State Certification# State Certification# Colo.Cert.Res.Appr.#CR 1 313193 or State License# or State License# State _ or Other State# Expiration Date of Certification or License - State CO Expiration Date of Certification or License 12/31/2015 SUBJECT PROPERTY ADDRESS OF PROPERTY APPRAISED r 1 Did not inspect subject property 4000 Big Elk Meadows I I Did inspect exterior of subject property from street LYONS,CO 80540 Date of Inspection APPRAISED VALUE OF SUBJECT PROPERTY$440,000 n Did inspect interior and exterior of subject property CLIENT Date of Inspection Name Company Name BIG ELK MEADOWS RECONSTRUCTION COMPARABLE SALES Company Address 4000 Big Elk Meadows P1 Did not inspect exterior of comparable sales from street Lyons,CO 80540 - _ I Did inspect exterior of comparable sales from street Email Address Date of Inspection Page 4 of 4 Appraisal Consultants,Inc.