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<br />Ms. Catherine Mehelich <br />November 20,2006 <br />Page 8 <br /> <br />REPORT PURPOSE <br /> <br />This proposal was prepared with the understanding that the results of our work will be used by <br />the client to evaluate retail and industrial development potential for Gateway Business Center <br />and the merits of near term development on holding for future development in later years <br />and may be shared with developers, lenders and other investors. Our report will be prepared for <br />that purpose and will be subject to the following qualifications: <br /> <br />. Our analysis will not ascertain the legal and regulatory requirements applicable to this <br />project, including zoning, other state and local government regulations, permits and <br />licenses. No effort will be made to determine the possible effect on the proposed project <br />of present or future federal, state or local legislation, or any environmental or ecological <br />matters. <br /> <br />. Our report and analysis will be based on estimates, assumptions and other information <br />developed from research of the market, knowledge of the industry and discussions with <br />the client. Some assumptions inevitably will not materialize and unanticipated events <br />and circumstances may occur; therefore, actual results achieved will vary from the <br />analysis. <br /> <br />. Our analysis will not evaluate management's effectiveness or be responsible for future <br />marketing efforts and other management actions upon which actual results are dependent. <br /> <br />. Our report will be intended solely for the purpose described above and should not be used <br />for any other purpose without our prior written permission. Permission for other use of <br />the report will be granted only upon meeting company standards for the proposed use. <br /> <br />These qualifications will be included in our final report. If the report is used for purposes other <br />than specified above, we reserve the right to review the materials for proper use of our work. <br /> <br />ACCEPTANCE PROCEDURES <br /> <br />To indicate acceptance of the proposal, please sign a copy of the proposal and return it to us <br />together with your check for the retainer as authorization to proceed with this engagement. <br /> <br />We appreciate the opportunity to submit this proposal and look forward to hearing from you <br />soon. If you have any questions concerning the proposal, please call me at (612) 339-7000. <br /> <br />Accepted By: <br /> <br />McComb Group, Ltd. <br /> <br />Company: <br /> <br />~ tJ.~~(Jrrb/1l0 <br /> <br />James B. McComb <br />President <br /> <br />Title: <br /> <br />Date: <br />