ASSUMPTIONS AND LIMITING CONDITIONS

ASSUMPTIONS

This appraisal is for no purpose other than property valuation, and the appraisers are
neither qualified nor attempting to go beyond that narrow scope. The reader should be
aware that there are also inherent limitations to the accuracy of the information and analysis
contained in this appraisal. Before making any decision based on the information and
analysis contained in this report, it is critically important to read this entire section to
understand these limitations.

An appraisal is not a survey:

It is assumed that the utilization of the land and improvements is within the boundaries of
the property lines of the property described and that there is no encroachment or trespass
unless noted within the report.
No survey of the property has been made by the appraiser and no responsibility is
assumed in connection with such matters. Any maps, plats, or drawings reproduced and
included in this report are intended only for the purpose of showing spacial relationships.
The reliability of the information contained on any such map or drawing is assumed by the
appraiser and cannot be guaranteed to be correct. A surveyor should be consulted if there is
any concern on boundaries, setbacks, encroachments, or other survey matters.

An appraisal is not a legal opinion:

No responsibility is assumed for matters of a legal nature that affect title to the property nor
is an opinion of title rendered. The title is assumed to be good and marketable. The value
estimate is given without regard to any questions of title, boundaries, encumbrances, or
encroachments. We are not usually provided an abstract of the property being appraised
and, in any event, we neither made a detailed examination of it nor do we give any legal
opinion concerning it.

It is assumed that all applicable zoning and use regulations and restrictions have been
complied with, unless a nonconformity has been stated, defined, and considered in the
appraisal report. Information and analysis shown in this report concerning these items is
based only on a rudimentary investigation. Any significant question should be addressed to
local zoning or land use officials and/or an attorney.

An appraisal is not an engineering or property inspection report:

This appraisal should not be considered a report on the physical items that are a part of
this property. Although the appraisal may contain information about the physical items being
appraised (including their adequacy and/or condition), it should be clearly understood that
this information is only to be used as a general guide for property valuation and is not a
 complete or detailed physical report. The appraisers are not construction, engineering,
environmental, or legal experts, and any statement given on these matters in this report
should be considered preliminary in nature.

We are not environmental experts, and we do not have the expertise necessary to
determine the existence of environmental hazards such as the presence of urea-
formaldehyde foam insulation, toxic waste, asbestos, or hazardous building materials, or any
other environmental hazards on the subject or surrounding properties. If we know of any
problems of this nature which we believe would create a significant problem, they are
disclosed in this report. Nondisclosure should not be taken as an indication that such a
problem does not exist, however. An expert in the field should be consulted if any
interested party has questions on environmental factors.

No chemical or scientific tests were performed by the appraiser on the subject property,
and it is assumed that the air, water, ground, and general environment associated with the
property present no physical or health hazard of any kind unless otherwise noted in the
report. It is further assumed that the lot does not contain any type of dump site and that
there are no underground tanks (or any underground source) leaking toxic or hazardous
chemicals into the groundwater or the environment unless otherwise noted in the report.

The age of any improvements to the subject property mentioned in this report should be
considered a rough estimate. We therefore rely on circumstantial evidence which may come
into our possession (such as dates on architectural plans) or conversations with those who
might be somewhat familiar with the history of the property such as property owners, on-
site personnel, or others. Parties interested in knowing the exact age of the improvements
on the land should pursue additional investigation.

An appraisal is made under conditions of uncertainty with limited data:

As can be seen from the limitations presented herein, this appraisal has been performed
with a limited amount of data. Limitations result from a lack of certain areas of expertise by
the appraiser (that go beyond the scope of the ordinary knowledge of an appraiser), the
inability of the appraiser to view certain portions of the property, and the inherent
limitations of relying upon information provided by others.

In addition, there is an economic constraint. The appraisal budget (and the fee for this
appraisal) does not contain unlimited funds for investigation. We have spent our time and
effort in the investigative stage of this appraisal in those areas where we think it will be
most beneficial, but inevitably there is a significant possibility that we do not possess all
information relevant to the subject property.
 Information (including projections of income and expenses) provided by local sources, such
as government agencies, financial institutions, accountants, attorneys, architects,
management agencies, and others is assumed to be true, correct, and reliable. No
responsibility for the accuracy of such information is assumed by the appraiser
The comparable sales and rental data relied upon in the appraisal is believed to be from
reliable sources. Though all of the comparables were examined, it was not possible to
inspect them all in detail. The value conclusions are subject to the accuracy of said data.

Engineering analyses of the subject property were neither provided for use, nor made as
part of this appraisal contract. Any representation as to the suitability of the property for
uses suggested in this analysis is therefore based only on a rudimentary investigation by the
appraiser and the value conclusions are subject to such limitations.

All values shown in the appraisal report are projections based on our analysis as of the date
of the appraisal. These values may not be valid in other time periods or as conditions
change. We take no responsibility for events, conditions, or circumstances affecting the
property's market value that take place subsequent to either the date of value contained in
this report or the date of our field inspection.

Since projected mathematical models and other projections are based on estimates and
assumptions which are inherently subject to uncertainty and variation depending upon
evolving events, we do not represent them as results that will actually be achieved.

This appraisal is an estimate of value based on an analysis of information known to us at the

time the appraisal was made. We do not assume any responsibility for incorrect analysis
because of incorrect or incomplete information. If new information of significance comes
to light, the value given in this report is subject to change without notice.

Appraisal report limitations:

Appraisal reports are technical documents addressed to the specific technical needs of
clients. Casual readers should understand that this report does not contain all of the
information we have concerning the subject property or the real estate market.

Appraisal reports made for lenders are technical documents specifically made to lender
requirements. Casual readers are cautioned about their limitations and cautioned against
possible misinterpretation of the information contained in these reports.
Appraisal restrictions:
This appraisal was prepared at the request of, and for the exclusive use of, the client to
whom the appraisal is addressed. No third party shall have any right to use or rely upon this
appraisal for any purpose.

There are no requirements, by reason of this appraisal, to give testimony or appear in court
or any pretrial conference or appearance required by subpoena with reference to the
property in question, unless sufficient notice is given to allow adequate preparation and
additional fees are paid by the client at our regular rates for such appearance and the
preparation necessitated thereby.

This report is made for the information and/or guidance of the client, and possession of this
report, or a copy thereof, does not carry with it a right of publication or duplication. Neither
all nor any part of the contents of this report shall be conveyed to the public through
advertising, public relations, news, sales, or other media or communication device without
the written consent and approval of the appraiser. Nor shall the appraiser, firm, or
professional organization of which the appraiser is a member be identified without the
written consent of the appraiser.

It is suggested that those who possess this appraisal report should not give copies to
others.

Anyone who gives out an incomplete or altered copy of the appraisal report (including all
attachments) does so at their own risk and assumes complete liability for any harm caused
by giving out an incomplete or altered copy. Neither the appraiser nor this company
assumes any liability for harm caused by reliance upon an incomplete or altered copy of the
appraisal report given out by others. Anyone with a question on whether their copy of this
appraisal report is incomplete or altered should contact our office.

Values and conclusions for various components of the subject parcel as contained within this
report are valid only when making a summation; they are not to be used independently for
any purpose and must be considered invalid if so used. The allocation of the total value in
this report between land and improvements applies only under the reported highest and
best use of the property. The separate valuations for land and buildings must not be used in
conjunction with any other appraisal and are invalid if so used.
LIMITING CONDITIONS
We will not be responsible for matters of a legal nature that affect either the property
being appraised or the title to it. I assume that the title is good and marketable and therefore,
will not render any opinions about the title. The property is appraised on the basis of it being
under responsible ownership.

We obtained the information, estimates, and opinions that were expressed in the
appraisal report from sources that we consider to be reliable and believes them to be true
and correct. We assume no responsibility for the accuracy of such items that were furnished
by the parties

We have not examined any available hazard maps that may be obtainable from other
data source.

We have not measured property lines of the subject property with the use of
measuring instruments. It is assumed that utilization of the property is within boundaries or
property lines and that there are no encroachment or trespass existing.

No actual survey nor verification of the exact monuments were made and I assume
that the subject property appraised is the same property described in the Original Certificate
of Title.

This appraisal report is for internal use only the purpose is to have price indication for
the requesting parties.

DISCLOSURE

The location of the property appraised is based on Site Maps downloaded from Google Maps.

Title and Tax Map were provided by the requesting parties.

Photographs were downloaded in determining other pertinent data regarding subject

property. Photographs are attached hereto.
 MARKET VALUE APPRAISAL

FOR

ANGELINE FUENTES

Salud Mitra, located in the intersection corner of General Luna Road, Leonard
Wood Road, Brent Road

Land Only

Appraised by:

Marlon Lopez, CPA, REA Reynald Lacaden, REB, REA

PRC Real Estate Appraiser #.: PRC Real Estate Appraiser #.:

PRC CPA License # PRC Real Estate Broker #.:

September 17, 2017