Certified Appraisal Dated Aug 26 2008 By Patrick Brooks

On Page One Of This Report Reads: "The Inventory Of Houses For Sale Has Declined within the last two to four months with in the immediate area."

On Page Five Of This Report: Under Comments On Subject Reads " the homes finish materials greatly exceed the neighborhood standard and represent some of the highest quality finish materials available in this market."

On Page Eight Of This Report: Under Comments On Sale Comparisons Reads " the subjects area has seen recent and on going updating, remodeling and renovations including tear downs/ rebuilt homes. The appraiser is aware of higher value homes within the area built on a build to suit basis."

By using the common sense method of arriving at a true investment price.

It stands to reason that the location is highly respected and sought out after as noted in this report, namely the statement of fact about home inventory reducing in this area (even at a time when other areas are increasing inventory). The on going home owner confidence in the area as shown by the high end rebuilding and remolding. (of course it is McCormick Ranch). It would seem common sense that when our national economy returns to normal, as it always does. This home will prove to have been sold a great value as well as produce large return of investment. Not to mention the pride of owning a art quality home of distinction in one of Scottsdale's best locations.

Note: We are not saying he did not do a good job or that he is wrong in any way. This appraiser came to us with high praise and great credentials that any major bank would rely upon. As we all know lender appraisals are always conservative. Due to the economic environment in our country regarding the lending debacle on middle class homes caused by certain large mortgage lenders policies. It is our opinion most appraisers are running conservative and reflect that in their work.

This home in our opinion should be valued at a much higher price due to the comparisons available that were used to arrive at this homes value as shown in this appraisal for the following two main reasons.

1. None of the homes used for comparisons were built or remolded to the level of quality custom work or quality of materials and detail in the design elements as this home.

2. In every case the sq. footage of living space was less.

Due To This Appraisal, We Have Adjusted Our Asking Price Downward

against the true numbers of our cost to create. We believe we are offering this home well under it's true value. We are positive this home is a bargain at this offered price.