Subject of Appraisal: Peachtree Plumbing, Inc. Nature and Purpose: This business valuation assignment is designed to determine the fair market value on a going concern basis of 5.45% interest or 3,000 shares of the common stock of Peachtree Plumbing, Inc. This report has been prepared solely for the use of Mr. & Mrs. Mike Jones and his legal advisor in order to gift a total of 6,000 shares of the company’s common stock to their children. Any opinions or estimates of value presented and discussed in this report applies to this appraisal assignment only and may not be used out of the context presented herein. Any other use of this report may lead the user to an incorrect conclusion for which the preparer of this report can assume no responsibility.