Appraisal Award Certificate

APPRAISAL AWARD CERTIFICATE

Effective Date:

WHEREAS

WHEREAS, Client Name: (the "Client") retained Appraisal Firm Name: (the "Appraiser") to perform an appraisal and prepare an appraisal report concerning the Property described below;

WHEREAS, the Appraiser completed the appraisal investigation, analysis, and report in accordance with the engagement terms and applicable professional standards and the parties agreed that an award of value and certification shall be issued by the Appraiser as set forth in this Certificate;

WHEREAS, the parties desire to reduce the appraisal award and related terms to writing to provide a final certification of value and the payment and confidentiality obligations attendant thereto.

PROPERTY AND MATTER IDENTIFICATION

APPRAISAL AWARD

The Appraiser hereby certifies and awards the appraised value of the Property described above as of the effective appraisal date set forth below. Appraised Value: $. Appraisal Effective Date: .

Basis of Award: The award is based upon the Appraiser's inspection, market data, income/cost approaches as applicable, and professional judgment. The methodology, assumptions, limiting conditions and certifications used to reach this award are documented in the Appraisal Report prepared by the Appraiser and incorporated herein by reference.

SCOPE OF WORK

PAYMENT TERMS

Appraisal Fee (Total): $. Payment shall be made in accordance with the following schedule:

Late Payment: If any undisputed amount owed under this Certificate is not paid within days of the due date, the outstanding amount shall incur a late fee of per month or the maximum delinquency rate permitted by applicable law, whichever is less. The Client shall also be responsible for reasonable collection costs and attorneys' fees incurred to collect overdue amounts.

TERM AND TERMINATION

Term Commencement Date: . Term Expiration Date: .

Either party may terminate this Certificate for material breach by the other party if the breaching party fails to cure such breach within days after receipt of written notice specifying the breach. Termination shall not relieve the Client of payment obligations for services performed and expenses incurred through the effective date of termination.

CONFIDENTIALITY

The parties shall keep confidential all non-public information, reports, work papers and the Appraisal Report arising from this engagement (collectively, "Confidential Information"), and shall not disclose such information to third parties except (a) with prior written consent, (b) to legal or financial advisors bound to confidentiality, (c) as required by law or professional standards, or (d) as necessary to enforce rights under this Certificate. Notwithstanding the foregoing, the Appraiser may disclose summary-level findings to professional reviewers or regulatory bodies as required by applicable standards, provided that disclosures do not include client-specific confidential financial information.

GOVERNING LAW; DISPUTE RESOLUTION

This Certificate shall be governed by and construed in accordance with the laws of the State of , without regard to its conflict of laws rules. Any dispute arising out of or relating to this Certificate shall be resolved by binding arbitration administered in accordance with the rules selected by the parties, unless the parties agree otherwise in writing. Notwithstanding arbitration, either party may seek provisional or equitable relief in a court of competent jurisdiction to protect its rights.

ENTIRE AGREEMENT

This Certificate, together with the referenced Appraisal Report and any written addenda, constitutes the entire agreement between the parties with respect to the appraisal engagement and supersedes all prior negotiations, representations or agreements, whether written or oral. Any amendment to this Certificate must be in writing and signed by both parties.

CERTIFICATION

The undersigned Appraiser certifies that the award of value set forth in this Certificate is an accurate expression of the Appraiser's unbiased professional opinion as of the effective date, and that the Appraiser has no undisclosed interest in the Property and has performed the appraisal in accordance with applicable professional standards and the terms of engagement.

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