This document from Stan Johnson Company provides broker opinions of value for commercial real estate properties with various credit ratings, lease terms, and pricing averages from September 2012 to April 2013. Credit ratings range from AAA to B- for properties with net lease terms of 10 to 25 years and rental escalations of 0-12% every 5 years. Average pricing ranges from 5.52-8.42% and trends downward over the periods listed.

1. BROKER OPINION OF VALUE
STAN JOHNSON COMPANY | SAN FRANCISCO OFFICE | 650.617.3462 | PAGE 2
B | 20 Years | NNN | Flat
AVERAGE PRICING (Low/High)
September 2012 6.99/7.34
January 2013 7.00/7.32
April 2013 7.01/7.32
NR | 15 Years | NN | 5% every 5
AVERAGE PRICING (Low/High)
September 2012 7.61/7.90
January 2013 7.56/7.84
April 2013 7.47/7.77
BBB | 20 Years | NNN | Flat
AVERAGE PRICING (Low/High)
September 2012 6.46/6.79
January 2013 6.43/6.70
April 2013 6.33/6.63
AA | 20 Years | NNN | Flat | GL
AVERAGE PRICING (Low/High)
September 2012 5.71/6.02
January 2013 5.60/5.91
April 2013 5.52/5.84
BB+ | 20Yrs | NNN | 10% every 5
AVERAGE PRICING (Low/High)
September 2012 6.57/6.92
January 2013 6.37/6.68
April 2013 6.18/6.47
BBB+ | 25 Years | NNN | Flat
AVERAGE PRICING (Low/High)
September 2012 5.94/6.31
January 2013 5.89/6.20
April 2013 5.84/6.13
BBB | 25 Years | NNN | Flat
AVERAGE PRICING (Low/High)
September 2012 5.85/6.26
January 2013 5.84/6.16
April 2013 5.75/6.08
A- | 20 Years | NNN | Flat | GL
AVERAGE PRICING (Low/High)
September 2012 5.90/6.26
January 2013 5.84/6.16
April 2013 5.68/5.99
A- | 20 Years | NNN | Flat | GL
AVERAGE PRICING (Low/High)
September 2012 5.88/6.24
January 2013 5.80/6.14
April 2013 5.68/6.00
BBB- | 15 Years | NNN | Flat
AVERAGE PRICING (Low/High)
September 2012 7.25/7.65
January 2013 7.10/7.50
April 2013 6.99/7.36
NR | 20Years | NNN | 5% every 5
AVERAGE PRICING (Low/High)
September 2012 7.33/7.66
January 2013 7.13/7.48
April 2013 7.11/7.42
BB+ | 10 Years | NN | Flat
AVERAGE PRICING (Low/High)
September 2012 7.90/8.42
January 2013 7.97/8.46
April 2013 7.99/8.44
NR | 10 Years | NN | Flat
AVERAGE PRICING (Low/High)
September 2012 7.38/7.69
January 2013 7.19/7.49
April 2013 7.05/7.35
NR | 15Years | NNN | 5% every 5
AVERAGE PRICING (Low/High)
September 2012 7.28/7.65
January 2013 7.21/7.54
April 2013 7.13/7.42
NR | 15 Years | NN | 5% every 5
AVERAGE PRICING (Low/High)
September 2012 7.15/7.48
January 2013 6.94/7.30
April 2013 6.80/7.10

2. BROKER OPINION OF VALUE
STAN JOHNSON COMPANY | SAN FRANCISCO OFFICE | 650.617.3462 | PAGE 3
NR | 15Years | NN | 10% every 5
AVERAGE PRICING (Low/High)
September 2012 7.94/8.37
January 2013 7.76/8.14
April 2013 7.60/8.04
BBB+ | 20 Years | NN | Flat
AVERAGE PRICING (Low/High)
September 2012 6.40/6.69
January 2013 6.29/6.59
April 2013 6.19/6.48
B- | 10 Years | NN | Flat
AVERAGE PRICING (Low/High)
September 2012 7.97/8.27
January 2013 8.02/8.35
April 2013 8.00/8.39
BB+ | 10 Years | NN | Flat
AVERAGE PRICING (Low/High)
September 2012 7.47/7.78
January 2013 7.36/7.63
April 2013 7.28/7.60
BBB | 10 Years | NNN | Flat
AVERAGE PRICING (Low/High)
September 2012 7.18/7.53
January 2013 7.23/7.52
April 2013 7.25/7.51
BBB | 15 Years | NNN | Flat
AVERAGE PRICING (Low/High)
September 2012 6.48/6.78
January 2013 6.42/6.66
April 2013 6.37/6.60
NR | 20 Years | NNN | Flat
AVERAGE PRICING (Low/High)
September 2012 7.54/7.86
January 2013 7.46/7.78
April 2013 7.40/7.67
NR | 20 Yrs | NNN | 12% every 5
AVERAGE PRICING (Low/High)
September 2012 6.69/7.02
January 2013 6.44/6.68
April 2013 6.37/6.60
BBB | 20 Years | NN | Flat
AVERAGE PRICING (Low/High)
September 2012 6.70/7.05
January 2013 6.62/6.96
April 2013 6.44/6.74
BBB- | 15 Years | NN | Flat
AVERAGE PRICING (Low/High)
September 2012 6.83/7.23
January 2013 6.89/7.23
April 2013 6.75/7.15
A+|20Yrs|NNN|10%every5|GL
AVERAGE PRICING (Low/High)
September 2012 5.01/5.35
January 2013 4.94/5.28
April 2013 4.83/5.17
A|20Yrs|NNN|10%every5|GL
AVERAGE PRICING (Low/High)
September 2012 4.57/4.96
January 2013 4.50/4.86
April 2013 4.28/4.64
McDonald’s
BBB | 15 Years | NN | Flat
AVERAGE PRICING (Low/High)
September 2012 6.92/7.21
January 2013 6.86/7.15
April 2013 6.58/6.89
NR | 10 Years | NN | Flat
AVERAGE PRICING (Low/High)
September 2012 7.21/7.55
January 2013 7.10/7.42
April 2013 6.96/7.27
A- | 10 Years | NN | 5% in year 6
AVERAGE PRICING (Low/High)
September 2012 7.21/7.54
January 2013 7.17/7.44
April 2013 7.03/7.38

3. BROKER OPINION OF VALUE
WWW.STANJOHNSONCO.COM
B | 10 Years | NN | 5% every 5
AVERAGE PRICING (Low/High)
September 2012 7.53/7.90
January 2013 7.47/7.75
April 2013 7.47/7.77
A | 10 Years | NN | 5% every 5
AVERAGE PRICING (Low/High)
September 2012 6.93/7.19
January 2013 6.89/7.17
April 2013 6.84/7.13
NR | 12Years | NN | 10% in year 5
AVERAGE PRICING (Low/High)
September 2012 7.69/8.03
January 2013 7.68/7.97
April 2013 7.60/7.97
BB- | 10 Years | NN | 5% every 5
AVERAGE PRICING (Low/High)
September 2012 7.46/7.80
January 2013 7.39/7.74
April 2013 7.29/7.63
BB+ | 12Yrs | NN | 12% in year 5
AVERAGE PRICING (Low/High)
September 2012 7.47/7.81
January 2013 7.41/7.71
April 2013 7.29/7.59
Average Low/Average High: April 2013:
6.72/7.23
January 2013:
6.82/7.141
September 2012:
6.87/7.21
Andrew Barnes | Associate Director
abarnes@stanjohnsonco.com
Stan Johnson Company
530 Lytton Ave, 2nd Fl
Palo Alto, CA 94301
P: 650.617.3462 | F: 650.798.5001
NR | 10 Years | NN | Flat
AVERAGE PRICING (Low/High)
September 2012 N/A
January 2013 7.53/7.88
April 2013 7.45/7.77
B | 15 Years | NN | 7.5% every 5
AVERAGE PRICING (Low/High)
September 2012 N/A
January 2013 7.45/7.74
April 2013 7.43/7.70
A | 15 Years | NNN | 5% every 5
AVERAGE PRICING (Low/High)
September 2012 N/A
January 2013 6.72/6.98
April 2013 6.63/6.97