NVI Technical College Information

Date: 10/23/2023

Appraisal Company: Appraisal Co Address:

(FHB) BBG Inc

201 North Franklin Street Suite 1850 Tampa, FL 33602

Regarding:

500 Innovation Drive and 277, 406 and 408 Cornell Road Blairsville, PA 15717

Dear:Ronald (FHB) Owens

This letter (this"" Engagement Letter "") confirms your engagement to prepare an appraisal of the property described below in compliance with the terms and conditions set forth below.

Basic Information Property to Be Appraised:

500 Innovation Drive and 277, 406 and 408 Cornell Road Blairsville, PA 15717

Property Description:

APPRAISERS: PLEASE PROVIDE FEES FOR BOTH STANDARD AND RUSH TURNAROUND TIMES. YOUR FEE AND TURNAROUND TIME FOR A RUSH BID CAN BE PLACED IN THE APPRAISERS BID NOTES. THANK YOU.

**This order is for ONE report only. Multiple reports for this order are not permitted. Contact MountainSeed immediately if you determine multiple reports are needed.**

4 Industrial Buildings on 2 parcels. Total SF of 68,250

US Small Business Administration should also be listed as an intended user.

***SBA Appraisal Guidelines ***: Per SOP 50 10 Version: 06 (effective − Oct 1, 2020) (applicable sections): "C. The "Appraisal Report" must be prepared in compliance with the Uniform Standards of Professional Appraisal Practice (USPAP)." "D. In order for the appraiser to identify the scope of work appropriately, the appraisal must identify SBA as the client or an intended user of the appraisal, as those terms are defined in the Uniform Standards of Professional Appraisal Practice (USPAP). The CDC may also be identified as the client or an intended user. It is acceptable to SBA if the appraisal identifies the Third Party Lender as the client and SBA as an intended user. The CDC may not use an appraisal prepared for the applicant. The cost may be passed on to the borrower." "F. If the loan will be used to acquire an existing building that does not require construction, the appraiser should estimate market value on an as−is basis. If the appraiser estimates the value other than on an as−is basis, the narrative must include an explanation of why the as−is basis was not used." "G. If the appraisal engagement letter asks the appraiser for a business enterprise or going concern value, the appraiser must allocate separate values to the individual components of the transaction including land, building, equipment and business (including intangible assets)."