VI 00801 RE: Appraisal of American Yacht Harbor & Marina 6100 Red Hook Quarters #2 St. Thomas, County, USVI CBRE File No 07-396OR-0510 Dear Ms. Webster-Hodge: CBRE CU RICHARD ELLIS 777 Brickell Avenue, Suite 910 Miami, Florida 33131 T F At your request and authorization, CBRE hos prepared an apprais

2716 / 340.693.2794 RE: Appraisal Agreement American Yacht Harbor& Marino 6100 Red Hook Quarters #2 St. Thomas, USVI 00802 Dear Mr. Lande & Ms. Webster-Hodge: CBRE CS RICHARD ELLIS CS Idchard ells, Inc. 777 &Wog AWAY% Sate 910 ' 131 James I. Agmtr, MAI Mcmaging 0;roctot - Flocao 0-39(00-65 /0 gua