| Roberto A. Soltero Banco Popular de Puerto Rico | December 15, 2015 : Page 3 ! Extraordinary Assumptions and Hypothetical Conditions ; The value conclusions are subject to the following extraordinary assumptions that may affect the assignment : results. An extraordinary assumption is uncertain information accepted as fact. If the assumption is found to be false as of the effective date of the appraisal, we reserve the right to modify our value conclusions. 1. The subject property has a fueling dock and four fuel storage tanks located on site; including three diesel ' and one gasoline. There were no signs of contamination during our inspection and we have assumed that ; there is no adverse environmental impact in connection with the existing fuel equipment used on the subject property. ' 2. The parking garage at the subject slightly encroaches on the neighboring property to the immediate : northwest. This land is owned by the Government of the Virgin Islands and we have assumed that no claim will arise from the encroachments. : 3. For this analysis, we have valued the going concern interest in the subject property and have allocated the / value of the personal property from the value of the real property. We were provided with financial statments from ownership that indicates the depreciated book value of these assets. Itis beyond our scope : to value these assets in use; therefore, we have assumed that the book values of teh personal property i items shown in the statments provided by ownership are reasonably accurate for the purpose of this : allocation exercise. . The value conclusions are based on the following hypothetical conditions that may affect the assignment | results. A hypothetical condition is a condition contrary to known fact on the effective date of the appraisal but is supposed for the purpose of analysis. 1. No hypothetical conditions were employed in this analysis. . The opinions of value expressed in this report are based on estimates and forec