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VALUATION REPORTVALUATION REPORT - value …

0120AE2008-VWHO. VALUATION REPORT . 10 February 2008. E. Prepared for Waka Baryu PL. (Signature). Prepared by Takashi Yamaguchi (Valuer). M. value Workers, Inc. 20-1-303 Kitamachi, Shinjuku, Tokyo, 162-0834 Japan SA. Pursuant to your request, I have prepared a summary REPORT of a complete VALUATION for the subject property. The attached REPORT details the scope of work, level of reporting, reporting definition of value , value VALUATION methodology methodology, and pertinent data researched and analysed in the development of this VALUATION . (Note). The forecasts, projections, or operating estimates contained herein are based on current market conditions. These forecasts are, therefore, subject to changes with future conditions. Certification I certify tif to t the th best b t off my knowledge k l d andd belief b li f that: th t 1. The statements of fact contained in this REPORT are true and correct.

SAMPLE 0120AE2008-VWHO VALUATION REPORTVALUATION REPORT 10 February 2008 Prepared for Waka Baryu (Signature) 20-1-303 Kitamachi, Shinjuku, Tokyo, 162-0834 Japan

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