EXPERT AUTO APPRAISALS

2007 2007 FORD MUSTANG FOOSE STALLION

2007 Ford Mustang Foose Stallion VIN 1ZVFT82H875218202

Inspected and Appraised by:

Chip Davis Expert Auto Appraisals

P.O. Box 303 Jensen Beach, FL 34958

772.621.2622 561.307.2232

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Vehicle Inspection Report

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Expert Auto Appraisals P.O. Box 303 Jensen Beach, FL 34958

Fair Market Value Conclusion

2007 Ford Mustang Foose Stallion VIN 1ZVFT82H875218202

Mileage 03,971 Actual

To whom it may concern,

In compliance with the recent request, we have appraised the above referenced vehicle.

The above conclusion is the opinion of the appraiser after very carefully physically inspecting the vehicle and the market it is to be traded in. The appraisal inspection was performed on December 14, 2015 and the conclusion submitted on December 15, 2015. This purpose of this appraisal is to determine the vehicle’s Fair Market Value.

The Fair Market Value of this vehicle on the dated is: $32,198

Thank you very much for your business, and if you should have any further questions, please do not hesitate to call.

Regards,

Chip Davis Expert Auto Appraisals P.O. Box 303 Jensen Beach, FL 34958 772.621.2622 561.307.2232 cell chip@expertautoappraisals.com

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Purpose and Scope of Report

Purpose The purpose of this document is to report to the customer the inspector’s opinion of the overall physical condition of the inspected vehicle as well as provide an accurate list of options and equipment featured on it.

Diminished Value The diminished value of the vehicle is described as the estimated total amount of money that an automobile is estimated to have depreciated in value, due to a particular accident, mishap, event or circumstance.

Fair Market Value The Fair Market Value of the vehicle is the highest price on the date of the evaluation that would be agreed to by a seller, being willing to sell. And a buyer, being willing to buy, and under no particular necessity for so doing, each dealing with others full knowledge of all the uses and purposes for which the property is reasonable, adaptable and available.

Replacement Value The replacement value of a vehicle is defined as the actual total cost of exactly duplicating the vehicle if it were subject to a total loss. In the case of a customized or modified vehicle this must also include the cost of obtaining an identical type of “donor” or “base” vehicle, the cost of obtaining all of the additional aftermarket and specialty components along with all labor costs incurred to replicate the loss vehicle.

Fair Market Value Prior to Loss The Fair Market Value of the vehicle prior to loss is the highest price on that prior noted dated of valuation that would have been agreed to by a seller, being willing to sell, and a buyer, being willing to buy, and under no particular necessity for so doing, each dealing with others full knowledge of all the uses and purposes for which the property is reasonable, adaptable and available immediately prior to the known loss date of that vehicle.

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Method of Valuation The value is estimated by current market data comparison, supplemented by cost information. The vehicle is compared when possible, with others for sale and that have sold in the general time period. Adjustments are made for differences in equipment, mileage, cosmetics, conversions, originality, condition as well as sale terms and current economic conditions at time of sale.

Assumptions and Limiting Conditions Information including, vehicle identification numbers, serial numbers, engine numbers, engine size, component serial numbers, color codes, paint codes, trim codes, component stampings, door tags, fender tags, cowl tags, date codes, badges, emblems, owner history and mileage information provided by the owners or parties to sell or others, or displayed on the appraised vehicle or components are assumed to be reliable, correct and truthful, as accuracy is not checked or guaranteed for originality or authenticity.

Although Expert Auto Appraisals has an extensive library, we do not have direct access to specific manufactures records, log books, files, computer data bases, or other non-published information.

Unless the client particularly asks for this in writing, and agrees to absorb any additional cost in obtaining, no such effort will be made in contacting manufactures, automotive groups historians, etc. in order to acquire such information.

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Vehicle Condition Overall Condition This is an original 2007 Ford Mustang Foose Stallion. This example is #35 of less than 300 total built. The car is a factory original car that has been preserved in excellent condition. The body on the car is excellent. The paint on the car is excellent. The wheels on the car are original and excellent. The interior on the car is original and excellent. The car has just under 4,000 original miles. The car is in excellent mechanical condition throughout. The vehicle functions as designed in every regard. The car was checked for any signs of paint work or repair and none was found. I feel the paint is completely original. The factory option of the Roush Supercharger has been installed.

Specialty Mustangs, all performance built, by builders such as Shelby, Foose, Saleen, Roush, and others have been very well received by buyers and enthusiasts for years. This particular example is finished in very desirable colors, and is optioned equal or higher than it’s peers. This car is also a one owner vehicle from new. It has been owned by older, experienced car enthusiast, and shows of excellent care, storage, and responsible use.

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Exterior Summary Component Poor Fair Average Good Very Good Excellent

Body þ Paint þTrim þEmblems þFront Bumper þRear Bumper þFrame / Chassis þWheels þTires þGlass þWeather Stripping þ

Interior SummaryComponent Poor Fair Average Good Very Good Excellent

Engine Compartment þDash þInstrument Panel þGauges þFront Seats þRear Seats þ Door Panels þInterior Trim þTop / Headliner þCarpets þ

The 2007 Foose Stallion

Limited Edition. Unlimited Style.

The center of attention everywhere it goes.Because he wanted his first limited edition production-based vehicle to turn as many heads and draw as many admiring glances as his jaw-dropping, seven-figure one-offs. Which means the Foose imprint is everywhere: Foose paint. Foose bodywork. Foose interior and Foose Design 20-inch alloy wheels. The antithesis, in other words, of the typical bolt-ons and parts bin limited edition car. Now you can be one of the first people outside of celebrities and multi-millionaires to own your very own Chip Foose original design.

Engineered as only Unique Performance can.The first Foose Stallion sold at auction for over $165,000. To make sure every 2007 Foose Stallion is built to the same high standards, Chip teamed up with the performance experts at Unique Performance. Already known for the incredibly high quality engineering and craftsmanship of their

official continuation Shelby® Mustangs, Unique is theworld’s premier small volume manufacturer of vintage and contemporary production American muscle cars.

A once-in-a-lifetime driving experience. As much of a knockout as the 2007 Foose Mustang is to look at, it’s even more incredible to drive and own. Its own unique suspension components. Own unique engine tuning. Even its own sound. Like all of Chip’s creations, not a collection of parts, but a fully realized, exhilarating vision brought to adrenalin-pumping life. And it’s all covered by a comprehensive 3-year/36,000-mile new car warranty.*

Chip Foose, star of TV’s Overhaulin’ and creator of some of the world’s most beautiful custom cars, didn’t just put his name on the 2007 Foose Stallion, he put his heart and soul into it. He drew the concept sketches. Sculpted the clay. Helped design and spec every stitch in the custom upholstery and every pave-ment-ripping engine and suspension mod. Why?

To express your own personal style, Chip has developed a series of 36 smokin’ custom paint and pinstripe combinations to choose from, featuring DuPont™ Hot Hues™ paints.

* See an authorized Foose Stallion dealer or UniquePerformance.com for details.

Powertrain2007 Foose Stallion Specs

Suspension

Brakes

Wheels & Tires

Exterior

Warranty

1-800-418-4543UniquePerformance.com

Interior

335 HP, estimated SAE net. Standard. Mustang GT 4.6-liter, SOHC, 24-valve, aluminum V8 with following upgrades from Ford Racing Performance Parts:• High-flow 90mm Cold Air Intake System• Engine Control Module recalibrated to extract

maximum power from Premium fuel

425 HP, estimated SAE net. Optional. (Late availability.)Mustang GT 4.6-liter, SOHC, 24-valve, aluminum V8 with the following upgrades: • Roots-type supercharger• Cold-air intake and high-flow air filter• Engine Control Module recalibrated to extract

maximum power from Premium fuel

Traction Systems: ABS & all-speed traction control

Transmissions: Tremec TR3650 5-speed manual (standard) 5R55S 5-speed automatic (optional)

Rear Axle: 8.8-inch limited-slip differential

Final Drive: 3.55:1 (manual) 3.31:1 (automatic)

Exhaust System: Dual, stainless steel, with special Ford Racing Performance Products

T-409 stainless steel high-performance mufflers and highly polished 4-inchdiameter exhaust tips.

All components of the Foose Stallion are 50-state legal.

Front: MacPherson struts with reverse “L” lower control arms, anti-roll bar

Rear: 3-link design with Panhard rod, anti-roll bar

Exclusive Foose Stallion suspension system developed by Ford Racing Performance Products to provide track-ready handling and control, but without the harshness normally

associated with this level of performance. Includes the following upgraded components:• Optimized Custom Spring Package (lowers car

approximately 1 inch compared to Mustang GT)• Optimized Custom Shock Absorber Package• Optimized Custom Rear Anti-Roll Bar

Unique new panels, designed and shaped by Chip Foose, include front and rear fascias w/custom side marker lights, hood (hood scoop w/optional supercharged engine), lower-body side molding, rear aerodynamic spoiler and “C” pillar scoops (coupe). Grille openings fitted with custom billet-style grille inserts. ‘Foose’ badges on grille, front fenders, rear.

Available Colors:

Performance White Clearcoat Satin Silver Clearcoat Metallic Torch Red Clearcoat Vista Blue Clearcoat Metallic Black Clearcoat

Optional Custom Graphics and Paint Schemes:

Custom stripes on hood and front fenders, designed by Chip Foose, applied with DuPont™ Hot Hues™ finishes. Choose from one of 18 combinations. Color guide available at authorized dealers or at UniquePerformance.com.

Custom two-tone paint schemes, designed by Chip Foose, applied with DuPont™ Hot Hues™ finishes. Choose from one of 18 combinations. Color guide available at authorized dealers or at UniquePerformance.com.

Front: 20 x 8.5-inch Foose Design ‘Nitrous’ wheels P255/35R20 Z-speed rated tires

Choice of black or gray powder-painted center with diamond cut, machined lip. Full chrome finish optional.

Rear: 20 x 10-inch Foose Design ‘Nitrous’ wheels P275/35R20 Z-speed rated tires

Exclusive Foose Stallion interior upgrades include: Seatbacks embroidered w/‘Foose’ logo (front seats)Recovered console lid (to match seat insert and door panel)New leather shift boot (to match seat insert and door panel)Enhanced speaker grille bezel w/‘Foose’ embroidered cloth coveringEnhanced window switch bezelE-brake handle trimSteering wheel emblem‘Foose’ instrument cluster overlay ‘Foose’ logo floor mats, front‘Foose’ stainless sill plates ‘Foose’ VIN plateConvertible Style Bar (optional)

The Foose Stallion, including all parts and equipment specially produced for this limited-edition vehicle, is covered by a comprehensive 3-year/36,000-mile new car warranty. See an authorized Foose Stallion dealer or UniquePerformance.com for details.

©2006 Unique Performance LLC. Vehicles pictured are pre-production prototypes, shown with optional equipment. Production vehicles may vary slightly in detail. FOOSE™, Chip Foose™ and Foose Design™ are registered trademarks and intellectual property of Foose Design and are used by Unique Performance LLC under license.

Standard Front: 12.4-inch Baer Brake Systems DecelaRotors™, with OE 2-piston aluminum calipersRear: 11.8-inch Baer Brake Systems DecelaRotors™, with OE aluminum calipers

Optional Front: Baer Claw® GT-PLUS system – 14-inch rotors, with 2-piston ‘Foose’ logo PBR aluminum calipersRear: 12-inch Baer Brake Systems EradiSpeed-PLUS-TWO™ rotors, with OE aluminum calipers

All brake rotors offered on the Foose Stallion are cross-drilled, slotted, and zinc-plated for brilliant visual impact.

CONCEP T S

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Stage 3 Motorsports

3023 Grand Ave

Phoenix, AZ 85017 623-434-5277

Bill To

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Quantity Item Code

I 420115

Description

Ship To

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2007-08 Mustang 435hp ROUSHcharger® Kit (Polished)

Supercharger needs to be delivered between the week of Feb. 3rd -10th Out-of-state sale, exempt from sales tax

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Invoice

1/18/2011 PHONE9477

� I P.O. Number

JB

Price Each Amount

3,999.00 3,999.00T

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*Return Policy: http://www.stage3motorsports.com/retums.cgisTotal $3,999.00 *Freight Shipping Policy:

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Currently Available Comparable Vehicles Hemmings

$22,500

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Currently Available Comparable Vehicles Gateway Classic Cars

$27,995

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Market Appraisal SummaryThis particular vehicle, a 2007 Ford Mustang Foose Stallion is an excellent original example that has been well cared for from new. I have found 3 examples offered for sale. I have adjusted the values accordingly to properly reflect the vehicles current true market value and condition as inspected. The mileage has also been adjusted for.

Make / Model Source Selling Price 2007 Ford Mustang Foose Stallion

Hemmings $22,500

2007 Ford Mustang Foose Stallion

Gateway Classic Cars $27,995

2007 Ford Mustang Foose Stallion

Mecum Auctions $30,000

Averages $26,832 Condition / Market Adjustment Mileage compared to comparable

examples selected– Add 10% $2,683

Condition / Market Adjustment One owner, Overall Condition – Add – 10%

$2,683

Adjusted Fair Market Value $32,198

Based on information within the market at this time, I place the following fair market value, considering the exact vehicle, condition, equipment, color etc.

Fair Market Value $32,198

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Statement of Appraisal and other Limiting Conditions The undersigned hereby declares that:

• A physical inspection of the stated vehicle was actually performed.• There is no undisclosed personal interest, presently or contemplated in the future, in

the vehicle or the proceeds to be derived there from.• Neither the employment nor the compensation for this report is contingent upon the

value estimated herein.• To the best of my knowledge, as noted under “Assumptions and Limiting Conditions”

the statements in this report are correct and the opinions stated are based on a fulland fair consideration of all the available facts.

• The findings reported herein will not be revealed to anyone other than the namedrecipient without permission or until required to do so by process of law.

• A copy of this report will be kept in our files for a period of five years, together with theoriginal notes from which it was prepared.

• The fee for this report is not contingent upon value or condition of the vehicle.

• No investigation of legal title to the vehicle has been made and owner’s or tenantsclaim to the property has been assumed to be valid. No consideration has been givento liens or encumbrances that may be against the property except as specificallystated in the report.

• In the event that our expertise is needed in any action, such as but not limited to courtaction, contact with a public agency, or involvement in any arbitration process(appraisal clause hearing), it will first require the consent of the appraiser. Should ourappraiser / inspector be required to appear in connection with this report document, anadditional minimum fee of $650 (Six Hundred fifty dollars) will be charged and is dueprior to service.

• Any required umpire fee is also due prior to any arbitration hearing. Due to thecomplex nature of this service and the number of parties involved, our appraiser doesnot accept responsibility for any delays incurred. For any travel greater than 25 milesfrom the appraisal location, separate and additional fees will be charged for and rentalcar, airfare, lodging, and additional travel expenses.

• Additionally consultants, negotiations or other time related activities incurred in lieu ofan appearance will be billed by our office at the $250 (Two hundred fifty dollars) perhour fee. Court time will be billed at this rate with a four hour minimum.

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Appraisal Provisions and Stipulations • Unless noted or acknowledged elsewhere, the vehicle valuation and / or the physical

condition report describes the condition of the vehicle as it was at the time of theinspection by the appraiser or inspector thereof, or, as described by the owner ofrecord or the agent thereof as it appeared immediately prior to the noted loss.

• This report only represents the areas of the vehicle that could be physically viewed atthe time that the inspection actually took place including the and equipment describedherein.

• No disassembly or removal of any areas, bodywork, upholstery, trim, mechanical,electrical, or hydraulic components or computers and / or any other systems of thevehicle is performed during the inspection.

• All specialized considerations that are deemed correct and relevant in the reporting forthe noted appraised vehicle were taken.

• This information reflects the reported and obtained information, pursuant toprofessional Appraisal industry standards and guidelines.

• This report was prepared exclusively for the client of Expert Auto Appraisals andshould only be used and / or referred to when completed in its entirety, and spiralbound by the appraiser / inspector.

• The physical conditions as well as the options listed in this report area as noted at thistime of the inspection. This report is accurate as of the inspection date only and doesnot reflect the condition or alterations to the equipment that may occur after theinspection or damage that may occur as a result of shipping and or abuse.

• Every effort is made at the time of the inspection to determine the extent of any rust orbody filler materials that may be present in the body, sheet metal or frame of thevehicle, it must be understood by the client / customer that without the total stripping ofpaint, under seal or undercoating as well as the physical cutting of sheet metal andframe materials it is impossible to completely know the total extent of any rust or bodyfiller issues.

After having considered all the relevant factors, it is the opinion of Expert Auto Appraisals that the Fair Market Value of the subject, as of the inspection date was:

Thirty Two Thousand One Hundred and Ninety Eight Dollars $32,198

Respectfully submitted,

Chip Davis Expert Auto Appraisals

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Summation of Value

Our opinion of the Fair Market Value is based on a combination of any of the following:

• The overall cosmetic and mechanical condition of the vehicle.

• The demand and available supply of comparable vehicle when available.

• The adjusted value of somewhat similar vehicle advertised or recently sold.

• Dollar amounts indicated by the published value guides.

• Dollar amount indicated by on-line value guides.

• The expertise of the inspector / appraiser.

• The expertise of other appraiser and inspectors within our national network that mighthave been consulted for this assignment.

• The expertise of other appraisers and inspectors that are fellow members of variouscredible automobile appraisal associations.

• The expertise of a recognized expert of the particular type of vehicle appraised thatmight have been consulted for this assignment.

• Expert Auto Appraisal’s extensive database of previous completed reports of similarvehicles.

• Opinions of others who have handled similar models in the past, and market similarvehicles currently.

• Physical auction results listing actual vehicles sold or the highest dollar amount bidagainst sellers reserve.

• Online auction results such as EBay, listing actual vehicles sold or the highest bidamount against sellers reserve.

• Extensive online research of that particular type of vehicle.

• The consideration of receipts provided, as well as other expenses incurred incompleting the appraised / inspected automobile or motorcycle.

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Additional Notes Regarding the Summation of Value Mechanically, the appraised vehicle, as noted under “Additional Notes”, is assumed to perform with no operational malfunctions and or driving problems were on the inspection date, therefore, unless operational malfunctions and or driving problems were disclosed by owner / seller at the time of the inspection, no dollar amount was debited from the Fait Market or Replacement Value in order to compensate for the repair of such mechanical defects.

Additionally contained in this report may be comparable vehicles available and or for sale in the market place. Asking prices and actual sale prices will fluctuate depending upon the overall cosmetic appearance and condition, originality, the mechanical history and performance, recorded mileage, configuration of power train, custom conversions, options and accessories. This report, when possible will adjust to compensate for those differences.

The subject vehicle, at the time of this report, represented an Excellent example of a;

2007 Ford Mustang Foose Stallion

Based upon the onsite inspection of this vehicle and with consideration for all the information and dollar amounts determined as relevant to this report, Expert Auto Appraisals has determined a Fair Market Value of this vehicle, at the time of the noted inspection date was:

Thirty Two Thousand One Hundred and Ninety Eight Dollars $32,198

The fair market value is the opinion of Expert Auto Appraisals and is derived after careful study of information observed or supplied to us that we assume to be both accurate and reliable. As described under both the prior written “Assumptions and Other Limiting Conditions” and the “Appraisals Provisions and Stipulations”, we assume no responsibility for inaccuracies or errors.

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About Expert Auto Appraisals Expert Auto Appraisals is owned and operated by Chip Davis in Jensen Beach, FL. Chip Davis has been in the business of valuation, inspection, and the trading of special interest vehicles since 1985. Working under the guidance of the great automotive historian, Eddie Phillips, Chip Davis was introduced to some of the rarest and most significant collector cars known to exist, while servicing clients throughout North America, Europe, South America, and Asia. Eddie taught Chip about these cars, but more importantly, the importance of having the resources to research vehicle specifics and market values. To this day, our alliances with dealers, clients, collectors, and enthusiasts of the vehicles we appraise and inspect are our most valued resource.

Chip Davis went on to start the Expert Auto Group and Investment Motor Sports in 1989 which represented both buyers and sellers of special interest vehicles in the open market and large collector car auctions such as Barrett-Jackson, Mecum, and RM Auctions. Our services involve the inspection, valuation, and verification of some of the significant vehicles ever made. Our specialty has always been the verification of authenticity of high end collector vehicles, prior to sale. Sellers of these types of vehicles use our services as frequently as buyers. In recent years, our services have expanded to placing valuation on collections for legal matters, total loss claims due to accidents for insurance, custom motorcycles, and corporate fleet assessments.

Our client list includes some of the largest names in the auto world. We have performed work for Insurance Companies including Farmers, State Farm, Geico Intact, and Allstate, Porsche Cars NA, Nascar Team Owners, Franchise Auto Dealers, Auction Houses, Attorney’s and countless private collectors throughout North America and Europe.

Thank you for giving this opportunity to Expert Auto Appraisals for your vehicle appraisal or inspection needs.

Regards,

Chip Davis Expert Auto Appraisals P.O. Box 303 Jensen Beach, FL 34958 772.621.2622 561.307.2232 cell