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Mr.Hans Ottinot <br /> Page Two <br /> Our compensation for completing this assignment is not contingent upon the development or <br /> reporting of a predetermined value or direction in value that favors the cause of the client, the <br /> amount of the value opinion,the attainment of a stipulated result,or the occurrence of a subsequent <br /> event directly related to the intended use of this appraisal. The fee that is being paid for this <br /> appraisal is a non-refundable deposit. <br /> Further,AppraisalFirst makes no assurance,representation or warranty that the appraised values of <br /> the subject properties will benefit or assist the client in said intended use of the appraisal reports. <br /> This engagement is solely predicated upon valuation services and not court preparation,associated <br /> conference time or testimony.Additional time related to expert witness testimony and/or preparation <br /> will be billed at an hourly rate of$300. Thank you very much for the opportunity of serving you. <br /> Respectfully submitted, <br /> • 1/ <br /> Frank Hornstein,MAI <br /> State Certified General Real <br /> Estate Appraiser,No.RZ 1376 <br /> I hereby an i•rize yo to roceed with the appraisal. <br /> OPP7. 4r Signature D,to <br />