BIOGRAPHICAL

QUALIFICATIONS OF APPRAISER/BROKER MICHAEL C. ROBINSON, MAl, SRA

Born in Charleston. South Carolina- Currently reside at 32 Hasell Street, Charleston. SC Graduated from local grammar and high schools Graduated from The Citadel in 1965 with degree in English

PROFESSIONAL DESIGNATIONS MAl - Member, Appraisal Institute SRA - Senior Residential Appraiser, Appraisal Institute

BUSINESS AND PROFESSIONAL AFFILIATIONS Appraisal Institute - South Carolina Chapter - President 2000 Board of Zoning Appeals - City of Charleston - 1990- Present Charleston Advisory Board of Directors- Carolina First Bank- 1997-2010 Charleston Trident Board of Realtors Charleston Chamber of Commerce Institute of Financial Education, President 1979-1980 Licensed Broker - State of South Carolina - Since 1972 Lowcountry Savings Bank - Chairman of the Board - 1988-1997 Metropolitan Charleston Exchange Club- Treasurer 1981-1982 State Certified General Real Estate Appraiser - State of SC Certification #CG 76 , State of GA #4858 , State of MS #GA630 Seminar Panels on Conservation Easements: Clemson University, Lowcountry Open Land Trust, Appraisal Institute

EDUCATION Forest Valuation for Non- Foresters Forecasting Revenue Data Verification Methods Business Practices and Ethics National USP AP Update Course Conservation Easements and Your Taxes Spotlight on USP AP-Hypothetical Conditions & Extraordinary Assumptions Fundamentals o Separating Real Property, Personal Property R.E. Finance Value & Investment Analyzing Tenant Credit Risk & Commercial Lease Analysis Appraisal Curriculum Overview Understanding & Testing DCF Valuation Models Residential Design: The Makings of a Good House Spotlight on USPAP: Appraisal Review Spotlight on USPAP: Agreement for Services-Instructions Appraising tor AMC's: Understanding their Guidelines A Lenders Perspective: The Role of the Appraiser National USP AP Update Property Tax Reform Act of2006: Its Effect on Market Value Federal & State Legislative & Regulatory Update Spotlight on USP AP: Common Errors & Issues Analyzing Distressed Real Estate Spotlight on USP AP-Hypothetical Conditions The Valuation of Wetlands Business Practices & Ethics National USPAP Update Inverse Condemnation New Technologies for the Appraiser Challenges of Easements, Eminent Domain & ROW Summary Appraisal Report Feasibility Analysis Small Hotel-Motel Valuation Appraisal Scope of Work Loss Prevention

- 2014 -- 2014 -

- 2014 -- 2013 -- 2013 -

- 2013 -- 2012 -- 2012 -

- 2012 -- 2012 -- 2011 -- 2010 -

- 2010 -- 2010 -- 2010 -- 2009 -- 2009 -- 2009 -

- 2009 -- 2008 -- 2008 -- 2008 -- 2007 -

- 2007 -- 2007 -

- 2007 -- 2007 -

- 2007 -- 2006 -- 2006 -

- 2006 -- 2006 -- 2006 -- 2006 -

Columbia, SC Charleston, SC Charleston, SC Columbia, SC Columbia, SC Columbia, SC Charleston, SC Mt. Pleasant, SC Mt. Pleasant, SC Mt. Pleasant, SC Greenville, SC Columbia, SC Charleston, SC Columbia, SC Columbia, SC Columbia, SC Columbia, SC Columbia, SC Columbia, SC Blowing Rock, NC Columbia, SC Columbia, SC Charleston, SC Columbia, SC Columbia, SC Columbia, SC Columbia, SC Columbia, SC Columbia, SC Columbia, SC Columbia, SC Columbia, SC Charleston, SC Columbia, SC

___________________________________________________ Charleston Appraisal Service, Inc. ______

__ __

Q ____

________ ____________________ ________________ ______________ ___

Qualifications of Appraiser Michael C. Robinson, MAl, SRA Page2

EMPLOYMENT IDSTORY After graduation rrom The Citadel, I spent two years with the U.S. Army and resigned as a Captain in 1968. From 1969 to 1973, I was employed by the Charleston County Assessor's Office. I was promoted to Senior Staff Appraiser during this time. From 1973 to 1984 , I was Chief Appraiser of Home Federal Savings & Loan Association of Charleston. In this capacity, I was responsible for all residential, commercial, industrial and development appraisals requested by the Loan Committee. From 1984 to present, I offer appraisal services through Charleston Appraisal Service, Inc.

PARTIAL LIST OF MAJOR CLIENTS AG South Farm Credit Asset Management and Consulting Services (AMCS) Atlantic Coast Life Insurance Company Audubon Society Baker Motors of Charleston Beaufort County Beaufort Realty Company Beaufort County Open Land Trust, Inc. Bank of South Carolina Berkeley-Charleston-Dorchester Council of Governments Bon Secours-St. Francis Xavier Hospital Carolina First Bank Catholic Diocese of Charleston Charleston Naval Complex Redevelopment Authority Charleston Water System Cities of Charleston, North Charleston, Folly Beach and Goose Creek Clemson University Coastal Community Foundation College of Charleston Collins Investment Management, Inc. Counties of Charleston and Berkeley Cooper River Partners CSX Railroad Department of the Navy Ducks Unlimited Foundation Edisto Island Open Land Trust Exxon Corporation, USA Farm Credit Bureau First Citizens Bank First Federal of Charleston

Historic Charleston Foundation Lowcountry Open Land Trust, Inc. McNair Law Firm MeadWestvaco Corporation Medical University of South Carolina National Park Service Nemours Wildlife Foundation Norfolk Southern Northern Trust Palmetto Ford Plantation Services, Inc. Rick Hendrick's Automobile Dealerships Santee Cooper S.C. Bank and Trust S.C. Coastal Conservation League S.C. Department of Natural Resources S.C. Department of Revenue

S.C. Department of Transportation S.C. Public Service Authority S.C. State Ports Authority SCAN A I S.C. Electric & Gas Company South Coast Community Bank St. Andrews Public Service District Sun Bank & Trust Corporation of Florida Turner Enterprises, Inc. & Turner Broadcasting The Beach Company The Citadel Military College of SC The Conservation Fund The Nature Conservancy The Trust for Public Land Town ofHollywood Town of Mt. Pleasant Town of Sullivan Island U.S. Army Corps ofEngineers Wells fargo Wetlands America Trust

Various other Banks, Mortgage Companies, Attorneys and Individuals

____________________________________________________ Charleston Appraisal Service, Inc. __________ _

QUALIFICATIONS OF APPRAISER JOSEPH (JODY) G. MCINERNEY, III

934 Scottland Drive Mount Pleasant, SC 29464

EDUCATION: THE CITADEL, The Military College of South Carolina, B.S. Business Administration, Cumulative Grade Point Ratio: 3.90 (4.0 scale) Graduated May 1989, Summa CUm Laude

EXPERIENCE: Charleston Appraisal Service, Inc., Charleston, SC FEE APPRAISER: January 1999 - Present

Business and Professional Affiliations Appraisal Institute - S.C. Chapter - Associate Member South Carolina Certified General Real Estate Appraiser #CG 3468 Licensed Real Estate Salesman, State of South Carolina

Real Estate Appraisal Education Courses successfully completed, offered by The Appraisal Institute:

Course 110 - Appraisal Principles, January 1999 Course 120 Course 410

Appraisal Procedures, January 1999 National Uniform Standards of

Professional Appraisal Practice (USPAP), May 1999 Course 420 Standards of Professional Appraisal Practice (Part B), May 1999 Course 210 Residential Case Study, June 2000 Course 310 Basic Income Capitalization, August 2000 Course 320 General Applications, April 2001 Course 500 Advanced Residential Form & Narrative Report Writing, June 2001 Course 510 Advanced Income Capitalization, May 2002 Course 520 Highest and Best Use and Market Analysis, August 2002 Course 530 Advanced Sales Comparison & Cost Approach, August 2003 Course 400 National USPAP Update Course, May 2004 Course 420 Business Practices and Ethics, May 2004 Course 540 Report Writing and Valuation Analysis, October 2004 Course 550 Advanced Applications, February 2005 Course 400 - National USPAP Update Course, May 2006 Course 400 - National USPAP Update Course, June 2008 Course 400 - National USPAP Update Course, May 2010 Course 420 - Business Practices and Ethics, May 2011 Course 400 - National USPAP Update Course, June 2012 Course 420 - Business Practices and Ethics, May 2014 Course 400 National USPAP Update Course, May 2014 Online Comparative Analysis, May 2014 Online Data Verification, June 2014 Online Environmental Issues for Appraisers, June 2014

Seminars attended, offered by The Appraisal Institute: Seminar -Seminar -Seminar -Seminar -Seminar -Seminar -Seminar -Seminar -Seminar -Seminar -Seminar -

Feasibility Analysis, Market Value & Investment Timing, May 2006 Uniform Standards for Federal Land Acquisitions, January 2007 Analyzing Distressed Real Estate, January 2008 Appraisal Report Writing, June 2008 Spotlight on USPAP - Agreement for Services, January 2010 Analyzing Distressed Real Estate: Here We Go Again, January 2010 Residential Design: The Makings of a Good House, June 2010 Data Verification Methods (online), June 2010 Uniform Appraisal Dataset from Fannie Mae & Freddie Mac, July 2011 Analyzing Tenant Credit Risk & Commercial Lease Analysis, April 2012 Forest Valuation for Non-Foresters, July 2014

Partial List of Clients City of Charleston Charleston Water Systems/CPW S.C. Department of Transportation S.C. Department of Natural Resources South Carolina Electric and Gas South Carolina State Ports Authority The Medical University of S.C. National Park Service The Nature Conservancy

The Trust for Public Land Norfolk Southern Railway Amoco Chemicals MeadWEstvaco Corporation Lowcountry Open Land Trust The Conservation Fund The Boeing Company Various Property Owners Various Banks and Attorneys

--

-----------------------------------------------

CHARLESTON APPRAISAL SERVICE,INC. __

______ _