QUALIFICATIONS OF THE APPRAISER

ROY N. METZGER, CBA
STATE CERTIFIED GENERAL APPRAISER C000914; Expiration November 30, 2013

EDUCATION AND TRAINING
Certified by the Institute of Business Appraisers as Certified Business Appraiser (AIBA, CBA)
Financial Management Diploma - University Of Wisconsin (BAI School)
Northwest Intermediate Banking School in Operation & Lending - Lewis & Clark College
Arthur Andersen San Francisco Junior Accountant to complete CPA requirements
Graduate School of Business for MBA - Stanford University
Degrees in Accounting (AA / BA) - Oregon Institute of Technology

CONTINUING EDUCATION –NASBA CPE
McKissock
  The Nuts and Bolts of Green Buildings – 2011
  Essential Elements of Disclosures and Disclaimers – 2011
  Construction Details and Trends - 2011

American College of Appraisal:
  Measuring Market Conditions – 2009 and 2010
  Residential Case Studies and Narrative Report Writing - 2005                 
  Uniform Standards of Professional Appraisal Practices – 2004, thru 2010            
  Real Estate Appraisal Basic and Income Property – 2004

Institute of Business Appraisers:                   
  Weighted Average Cost of Capital: New Theories – 2008
  Applications of Excel for Business Appraisals - 2008
  Fractional Interest Premiums and Discounts - 2004                                    
  Forecasting Net Cash Flow – 2004
  Appraising Closely Held Business Workshop - 1997                   
  Valuing Mid-sized and Smaller Business – 1996                           

Oregon Society of Certified Public Accountants
  Real Estate Construction

Uniform Standards of Professional Appraisal Practices:  
  Uniform Standards of Professional Appraisal Practices – 1995 thru 2011             

Seminars:
The Oregon Society of CPA, on Construction Financial Management and Tax Updates Oregon, Federal and Washington
American Society of Appraisers

PROFESSIONAL EXPERIENCE
Associate / Appraisal Assistant at Marineau and Associates 6/04 to present
Controller / CFO - Construction Contractor 8/99 to 10/03
VP Commercial Business Loan Officer – US Bank 6/95 to 10/98
Business and Equipment Appraiser / Consultant – Metzger Consulting 5/92 to present
VP Controller & CFO - Security Bank Holding Company 8/89 to 4/92
Profitability Analyst - Western Bank of Oregon 10/81 to 5/89
Roy Metzger CPA 6/75 to 81 (CA inactive) prior Arthur Anderson

PROFESSIONAL PAPERS AND RESEARCH
Asset / Liability Management Policy - BAI School / UW Madison, Madison, Wisconsin
Non - Interest Expenses Control - BAI School / UW Madison, Madison, Wisconsin
Residential Real Estate Mortgage Loans as Security of the Future - OIT and Stanford University
Management's Control of Cash - OIT Klamath Falls, Oregon
Other publications on cost accounting, and USPAP - business valuation / analysis; classes taught, and seminars

Consulting engagements from April 1992 to present
Financial Management & Accounting                            Business Valuation and Damage Assessment
Liquidation of Assets                                                 Loan Packaging SBA        
Cost Accounting                                                        Break Even Analysis
Forecasting / Budgeting for Manufacture, Construction, and Service Businesses 
                                                                                                                                                         

QUALIFICATIONS OF THE APPRAISERS
Roy N. Metzger, CGA, CBA (continued)
state certified GENERAL Appraiser C000914; Expiration November 30, 2013
Appraisal Experience – real-estate, business valuation and equipment appraisal

Industrial:
Wood products, manufacturing plants, Warehouses, Ship yards, Seafood processing plants, Log yards, quarry, bulb and orchid plants, Special Effects / Gaffers Movie business etc  

Commercial:
Retail store buildings, Office buildings, Restaurants, Service stations, Supermarkets, Shopping centers, etc.

Special Purpose:
Recreational vehicle parks, ranch and farm land, cranberry farm, Subdivisions, etc

PROFESSIONAL AFFILIATIONS / CERTIFICATIONS
Oregon State Certified General Appraiser C000914; Expiration November 30, 2011 (CGA)
The Oregon Society of Certified Public Accountants (inactive CPA)
Oregon Society of Tax Consultants
American Society of Appraisers (AM)
The Institute of Business Appraisers - Certified Business Appraiser (AIBA, CBA)

REPRESENTATIVE LIST OF APPRAISAL/CONSULTATION CLIENTS
Court Appearances
District Court - Coos and Curry County         Federal Bankruptcy Court - Eugene
Circuit Court - Coos, and Curry County         IRS – US Department of Treasury
US Department of Justice                             Board of Equalization - Coos County
Oregon Tax Court                                               Magistrate Hearings

Corporate Clients 
Weyerhaeuser Corporation               Laskey-Clifton Corporation
Georgia Pacific Corporation               HE, Incorporated
South Coast Office Supply                Chevron Corporation
Freeman Marine                               Menasha Corporation
Humboldt Forest Products                Coos Bay Timber Operators

Financial Clients
Wells Fargo Bank                             Umpqua Bank Holding Company
U.S. Bancorp                                   Chetco Federal Credit Union
Bank of America                               Sterling Bank was (WAMU and Western Bank)
Klamath First Federal                        Siuslaw Valley Bank

Public Clients and Institutions
City of Coos Bay                              U. S. Bureau of Land Management
City of North Bend                           City of Florence
State of Oregon                               Federal Deposit & Insurance Corp. (FDIC)
Oregon State University                    U. S. Small Business Administration
City of Florence                                Port of Bookings / Harbor
IRS – US Department of Treasury