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NATIONAL O.R.E. MANAGEMENT & MARKTING SERVICES

BASIC ORDERING AGREEMENT
TABLE OF CONTENTS

ARTICLE 1. APPOINTMENT AND DUTIES OF CONTRACTOR; TASK ORDERS

1.1 Independent Contractor

1.2 Duties

1.3 Task Order

1.4 Standard of Performance

1.5 Calendar Days

1.6 Monthly Report

ARTICLE II. PERIOD OF PERFORMANCE

2.1 Initial Period of Performance

2.2 Option Period

2.3 Notice of Exercise of Option

ARTICLE II. SECURTY AND CONFIDENTIALITY REQUIRMENTS

3.1 Background Investigations

3.2 Risk Level Designation

3.3 Confidentiality of Information, Data, and Systems

3.4 Security Requirements for Information Technology.

3.5 IT Security Plan

3.6 Training Requirements

3.7 Security Awareness Website Training

3.8 General Requirements

3.9 FDIC Access

3.10 Subcontractor Requirements

ARTICLE IV. PERSONNEL AND SUBCONTRACTING

4.1 Key Personnel

4.2 FDIC PersonneL.

4.3 Contractor Personnel

4.4 Personnel Qualifications.

4.5 Subcontractors

4.5.1 Authorization; Selection of Subcontractors.

4.5.2 Contracts with Subcontractors

4.6 Subcontracting Plan Compliance

ARTICLE V. COMPENSATION AND BILLING

5.1 (a) Fixed Price

5.1 (b) LaborRates

5.1.1 Compensation Ceiling

5.1.2 Other Reimbursable Expenses

5.1.3 Travel Expenses

5.1.4 Fees and Expenses of Subcontractors

5.2 Billing Instrctions

5.2.1 General Provisions

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5.2.2 Contractor's Remittance Address

5.2.3 Schedule for Invoicing

5.2.5 Certification of Contractor

5.2.6 FDIC Review

5.3 Method of Payment-EFT

ARTICLE V1. INSPECTION AND ACCEPTANCE

6.1 Inspection and Acceptance of Work Product

6.2 Risk of Loss or Damage

ARTICLE VII. RIGHTS IN SOFTWARE AND SYSTEMS

7.1 Proprietary Interest and License in Softare and Systems

ARTICLE vrn. REPRESENTATIONS

8.1 Representations of Contractor

ARTICLE IX. RESERVED

ARTICLE X. INSURANCE COVERAGE

10.1 Liability Insurance

10.2 Fidelity Bond Coverage

10.3 Errors and Omissions Insurance

10.4 Certificates of Insurance

10.5 Notice to the FDIC

10.6 Cost of Insurance

ARTICLE X1. INDEMNITY

11.1 Contractor Indemnity

ARTICLE XII. CONFLICT OF INTEREST

12.1 Notice to the FDIC

ARTICLE Xil LEGAL REPRESENTATION

13.1 Relationship of Contractor and FDIC Legal Division

13.2 Contact Points

13.3 Contractor's Authority

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BASIC ORDERING AGREEMENT NUMBER

Agreement executed on , 2008 ("Execution Date") and effective

as of November 14,2008 ("Effective Date") between the FEDERAL DEPOSIT INSURANCE

CORPORATION, acting as receiver for various institutions and acting in its corporate capacity

("FDIC"), and PRESCIENT, INCORPORATED, a corporation organized and existing under the

laws of Florida with its principal place of business at 2100 Coral Way, #504, Miami, FL

33145 ("Contractor").

WITNESSETH:

The FDIC, as receiver for various institutions (the "Institutions") and in its

corporate capacity, desires to retain Contractor, and Contractor desires to perform the services or

provide the goods described in this Basic Ordering Agreement ("Agreement") and in any Task

Order ("Task Order") issued hereunder, upon the terms and conditions set forth below.

Now, therefore, in consideration of the mutual covenants and agreements set forth

below, and uthei good and valuable consideration, the receipt and suffciency of 

which are

hereby acknowledged by the parties, the FDIC and Contractor agree as follows:

ARTICLE L. APPOINTMENT AND DUTIES OF CONTRACTOR; TASK ORDERS

i. 1 Independent Contractor

The FDIC and Contractor agree to be bound by the terms and conditions of 

this

Agreement when a Task Order is executed for a specific task. The FDIC hereby retains

Contractor as an independent contractor for the sole purpose of performing the services or

providing the goods described herein and in the Task Orders awarded to Contractor.

1.2 Duties

Contractor hereby agrees to perform such services (the "Services") or provide such goods

(the "Goods") on the terms and conditions set forth below, in the particular Task Order, in the

Statement of Work (Attachment (1) to this Agreement), and in Contractor's Proposal or Amended

Proposal, if any (Attachment (2) to this Agreement), all of which are incorporated herein by

reference. Attachment (3), entitled FDIC General Provisions, is also hereby incorporated into

and made a part of this Agreement.

Contractor is required to notify the FDIC Contracting Offcer and Oversight Manager in writing

of any change in Contractor's physical 

location for the Place of Performance of this Contract.

This includes without limitation any facilities relocation and/or re-construction activity or any

other planned event that may impact the continued operation of FDIC-owned network equipment BOA I

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located on the Contractor's premises. The notification must be made at least thirt days in

advance of the planned change or start date for any such activity to allow the FDIC time to take

appropriate action.

Contractor must ensure that all connections and access to the FDIC network and systems are

removed and no longer active using appropriate security procedures at the time of expiration or

termination of this Agreement and any Task Order issued hereunder, whether contractor or

subcontractor employees are working on-site or off-site, and notice must be provided to the

Oversight Manager upon completion ofthese requirements. Contractor must also undergo the FDIC

pre-exit clearance procedures at the time of separation from this Agreement or any Task Order.

1.3 Task Order

At any time during the Period of Performance (as defined in Aricle II below), the FDIC

Contracting Offcer may send to Contractor, and any other Contractors awarded this Agreement,

a Request for Task Order Proposal (the "Request") describing the nature of one or more specific

tasks, the structure for Contractor's offer and any other information relating to the task. When

selecting one of the contractors for a specific task order award, the FDIC wil issue a Task Order

for services. Before issuing a task order the FDIC will consider a variety of factors including

specit1cs of the portfolio of assets subject to the Task Order, their origin, relationship to other

assets, and unique needs, contract pricing, past performance and other factors. The Contractor

waives all rights to challenge or protest the selection of a contractor to provide contingency

contraCt services and the FDIC makes no guarantee for services under the agreement t;xcept a:,

provided on each task order.

If Contractor wishes to offer its goods or services for the task, it must deliver an offer pursuant to

the terms of the Request. Based on the offers received, the FDIC may select one or more

contractors to perform these specific tasks. If Contractor is selected, the Task Order must be

executed by Contractor and the FDIC Contracting Officer and there wil exist a binding

obligation between Contractor and the FDIC pursuant to the terms of this Agreement, and the

Task Order, regarding the goods or services. The FDIC and Contractor agree that the form of the

Task Order, an example of which is set forth as Attachment (4) to this Agreement, may change

during the period of performance of this Agreement.

1.4 Standard of Performance

Contractor must at all times act in good faith and in the best interests of the FDIC, use its

best efforts and exercise all due care and sound business judgment in performing its duties under

this Agreement. Contractor must at all times comply with FDIC policies, procedures and

directives, which are incorporated by reference and made part of this contract.

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1.5 Calendar Days

Unless specifically provided otherwise in this Agreement, the term "days" used anywhere

in this Agreement means calendar days.

1.6 Monthly Report

If subcontracting or joint venturing is approved, Contractor must submit to the

Contracting Offcer a Subcontractor/Joint Venture/Team Arangement Activity Report, on a

monthly basis, addressing for each subcontractor and/or Joint Venture participant(s), the

following:

a. Name, address, tax identification number and tye of 

business concern (Minority

Women Owned Business, Small Disadvantaged Business and applicable Standard

Industrial Classification (SIC) Code and corresponding geographic location if

applicable) for each subcontractor and/or Joint Venture participants.

b. Period covered by the Report.

c. Description of work performed by subcontractor and/or Joint Venture participants

during the report period.

d: Percentage of services planned and actually provided by subcontractor and/or

Joint Venture participants during the report period and cumulative to date by SIC

code if applicable.

e. Totalcompensation paid to subcontractor and/or Joint Venture participants during

the report period and cumulative to date.

r Percentage completion toward Subcontracting Plan goals and/or Joint Venture

commitments.

ARTICLE II. PERIOD OF PERFORMNCE

2.1 Initial Period of Performance 

This Agreement has a three (3) year initial period ofperfonnance starting on the Effective

Date and expiring on November 13th, 2011 (the "Period of 

Performance") subject to exercise of

an option, if applicable, or to earlier termination under the General Provisions of this Agreement.

2.2 Option Period

This Agreement may be extended, at the discretion of 

the FDIC, for up to three (3) 2-year

period(s) (an "Option Period"). Except where specifically indicated otherwise, "Period of

Perfonnance" as used hereafter in this Agreement refers both to the initial Period of Performance

and to any Option Period which may be exercised.

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2.3 Notice of Exercise of Option

If the FDIC desires to exercise the option to extend the Period of Performance, the FDIC

must notify Contractor, in writing, of its intent not less than sixty (60) days before the expiration

of the initial Period of Performance.

ARTICLE m. SECURITY AND CONFIDENTIALITY REQUIRMENTS

3.1 Background Investigations

3.1.1 Background investigations will be conducted for all contractor and subcontractor

personneL. The extent ofthe investigations will be in direct relation to the risk

level assigned to the contract or to the individual job classifications, which can be

found in Section 3.2 of this contract. No background investigations or

fingerprinting wil be required under receiverships except when a receivership is

of a long-term nature, when both are required.)

3.1.2 Each contractor and subcontractor employee working on the contract must

complete an electronic fingerprint application and credit report authorization. No

, employee will be permitted to begin work (including access to FDIC facilities,

network, and systems) until a favorable fingerprint records check and credit report

has been rtceived by the FDIC,unle'ss a waiver has been obtained.

3.1.3 Within 5 days after the effective date hereof, the contractor must provide the

Contracting Offcer with a list of all contractor and subcontractor personnel

working on the contract. This list must include the employee's name, current

home address, and assigned risk leveL. The contractor must identify each

employee who has a previous current or otherwise valid background investigation,

and such background investigations must be furnished to FDIC with the list of

personneL.

For those employees of the contractor or subcontractor who do not have a valid

and current background investigation, a background investigation will be

conducted for them. In that event, the requirements relating to background

investigations contained herein wil control.

NOTE: A valid background investigation is one that meets the minimum

investigation for the risk level established for the contract or contract job category,

and that has been conducted within 5 years of the date of contract award.

3.1.4 An adverse finding during the background investigation or fingerprinting review

(e.g., felony conviction), or a completed background investigation or fingerprint

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check that indicates that the employee cannot meet the designated security

requirements, may prohibit a contractor or subcontractor employee from working

on the contract. That employee may be removed at the discretion of the

Contracting Offcer and replaced with an employee acceptable to FDIC by the

Contractor at no additional expense to FDIC and without relief in all contractual

performance and delivery requirements.

3.1.5 All contractor and subcontractor employees regularly working on-site at an FDIC

facility wil be issued a yellow identification/access control badge. Such

employees will not be granted on-site access until FDIC receives a favorable

fingerprint criminal records check from the FBI. The badges wil be issued for a

six-month period and must be renewed after each six-month period.

3.1.6 Contractor must notify the Contracting Offcer of any new contractor or

subcontractor personnel assigned to the contract or any change in assignment of

current personneL. FDIC wil perform the appropriate background investigations

and fingerprint check for any such personneL. Access to FDIC facilities, network,

and systems will be as set forth in this section 3.1.

3.2 Risk Level Designation . .

The following risk level has been assigned to this contract: MODERATE. The post-award

background mvestigations and fingerprinting required for all contractor employees (and.

subcontractor employees, if applicable) will be for this risk leveL.

3.3 Confidentiality of Information, Data, and Systems

Contractor must ensure the confidentiality of all information, data, and systems provided

by FDIC or used or obtained by Contractor personnel under this contract and prevent its

inappropriate or unauthorized use or disclosure. Contractor and all employees working on an

FDIC contract must sign the Contractor Confidentiality Agreement (attached) no later than five

(5) business days after starting performance and prior to receiving such information, or when

receiving their badges, and return the signed Agreements to the Contracting Offcer. This

includes Contractor personnel who are required to work on-site at an FDIC facility or have access

to FDIC sensitive information or data, systems or network. Failure to provide the signed

Agreements may result in the removal of 

the employee from performing under the contract.

3.4 Security Requirements for Information Technology.

The Contractor is responsible for Information Technology (IT) security for all personnel

with access to the FDIC network, systems connected to the FDIC network or those systems

developed and/or operated by the Contractor for FDIC. This clause is applicable to all or any

part of the contract that includes information technology resources or services in which the

Contractor may have physical or electronic access to FDIC's information contained in its

systems. This includes but is not limited to information technology, hardware, softare, and the

management, operation, maintenance, programming, and system administration of computer

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systems, networks, and telecommunications systems. Examples of tasks that require security

provisions include but are not limited to acquisition, transmission or analysis of data owned by

FDIC or access to FDIC networks or computers at a level beyond that granted the general public,

e.g., bypassing the FDIC firewalL.

Contractor, its subcontractors, and the employees of each must sign a confidentiality agreement

at any time prior to or during the performance of this contract at the direction and discretion of

the Contracting Offcer.

3.5 IT Security Plan

The Contractor must provide as a deliverable, implement, and maintain an IT Security

Plan ("Plan") for the duration of this contract. This Plan must describe the processes, procedures

and training of personnel that will be followed to ensure appropriate security of IT resources that

are developed, processed, or used under this contract. The Plan must describe those parts of the

contract to which this clause applies. It must address the security measures and program

safeguards that wil be provided by the Contractor. These measures and safeguards must ensure

that all information systems, data, and resources acquired and utilized in the performance of this

contract by the Contractor personnel:

a. Are protected from unauthorized access, alternation, disclosure, or misuse of

processed, stored, or transmitted information;

b. Can maintain the continuity of IT support for the FDIC and its programs and

operations;

c Incorporate management, operational, and technical controls suffcient to provide

cost~effective assurance of the system's integrty, availability and confidentiality;

d. Have appropriate technical, personnel, administrative, environmental, and access

safeguards; and

e. Operate effectively and accurately.

3.5.1 Compliance Requirements

The Contractor's Plan must be compliant with Federal laws that include, but are

not limited to, OMB Circular A-130, Transmittal 4, Management of Federal Information

Resources, Appendix il and the Federal Information Security Management Act of 2002

(Title 3 ofP.L. 107-347). In addition, the Plan must implement IT security requirements

stated in the policies and procedures that include, but are not limited to:

a. FDIC, Division of Information Resources Management (DIR) Policy Memorandum

(PM) No. 98-009, Security of 

Network Connectivity for Contractor Support, dated

September 22, 1998;

b. FDIC, Division of Information Resources Management (DIR) Policy Memorandum

(PM) No. 98-01OS, Personal Computer Information Security, November 1998;

c. FDIC Circular 1310.5, Encrytion and Digital Signature for Electronic Mail;

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d. FDIC, Division of Information Resources Management (DIR) Circular No.

1360.15, Access Control for Automated Information Systems;

e. FDIC, Division of Information Resources Management (DIR) Circular No.

1360.16, Mandatory Information Security Awareness Training;

f. FDIC, Division of Information Resources Management (DIR) Circular No.

1360.17, Information Technology Security Guidance for FDIC Information

Technology Procurements/Third Part Products;

g. FDIC, Division of Administration (DOA) Circular No. 1610.2, Security Policies and

Procedures for Contractors, October 1, 2001;

h. National Institute of Standards and Technology (NIST) Special Publication (SP) 800-

4, Security Considerations in Federal Information Technology Procurements;

1. NIST, SP 800-14, Generally Accepted Principles and Practices in Securing IT

Systems, September, 1996; and

J. NIST, SP 800-18, Guide for Developing Security Plans for Information Technology

Systems, December 1998.

These documents may be accessed through the FDIC DOA website, www.fdic.gov/, and

may be cross-referenced through the FDIC DIR website, www.fdic.gov/.

3.5.2 Plan Submis~ions

Within ten (10) days after contract award, the Contractor must submit the Plan for

. FDIC approval. The Plan must Qe consistent with and further detail the general 0utline

and approach contained in their proposal that resulted in the award of 

this contract and

must be in compliance with the requirements stated in this Aricle. The Plan must be.'

submitted to the Contracting Offcer and, after approval by the Oversight Manager, wíll

be incorporated into the contract as a requirement and wil remaiIi in effect throughout the

period of contract performance. The Contractor must obtain the prior written approval of

the Contracting Officer for any changes to the Plan.

3.6 Training Requirements

The Contractor must ensure that its personnel designing, programming, operating, using,

or managing FDIC systems/network and/or data in performance of the contract, are properly

trained and must receive training at least annually in IT security awareness and security practices,

policies, and procedures as required under the Computer Security Act of 1987 and OMB Circular

A-130, including Appendix III. The Contractor's approach and IT security training program

must be defined in the IT Security Plan. In addition, the Contractor must ensure that IT security

training also meets the requirements stated in the NIST special publications and in the FDIC

circulars referenced in this Aricle. The Contractor must certify on an annual basis that its

personnel working on the contract have successfully completed all required IT security training

and that they are aware of their IT security responsibilities.

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3.7 Security Awareness Website Training

3.7. I All contractor and subcontractor employees being granted access to FDIC's

network/systems must review the FDIC Security Awareness Website (located at

http://fdic01/division/dirm/itmweb/dinnpages/infosec/secawareness/secawareness.htm )

and provide electronic certification oftheir review within five (5) business days of

receiving a network ID.

3.7.2 In addition to 3.7.1, for multi-year contracts and contracts with options, all

contractor employees with network access must again review the Security Awareness

Website on an annual basis and provide electronic certification of 

their review within five

(5) business days after the anniversary of 

the effective date of the contract.

3.7.3 The contractor must certify annually that all contractor employees having

network access have complied with the security requirements stated in 3.7.1 and 3.7.2.

This certification must be provided to the Oversight Manager by email or in writing

within five (5) business days after the aniversary of 

the effective date of the contract.

3.7.4 Failure to complete the review and certification discussed in 3.7.1,3.7.2,

and 3.7.3 may result in revocation of network access privileges and possible removal of

" the individual employees from the contract.

3.8 General Requirements

3.8.1 Network Access Requirements

The Contractor must comply with all provisions of FDIC Circular 1360.17,

Infomiation Technology Security Guidance for FDIC Information Technology

Procurements/Third Part Products, which can be found on FDIC's website at

www.fdic.gov.

3.8.2 Cost ofInformation Security

For all contracts valued at $3 million or more, the Contractor must identify on its

invoices as a separate line item any direct cost to the contractor for information

security as a specific element of the cost of providing information services.

3.9 FDIC Access

The Contractor must afford FDIC, including the Offce of Inspector General, access to the

Contractor's and all subcontractors' facilities, installations, operations, documentation,

databases, and personnel used in performance of the contract. Access must be provided to the

extent required to carr out a program of IT inspection, investigation and audit to safeguard

against threats and hazards to the integrty, availability and confidentiality of FDIC data, systems,

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softare and hardware or to the function of computer systems operated on behalf of FDIC or the

network accessed by the Contractor personnel and to preserve evidence of computer crime or

misuse.

3. i 0 Subcontractor Requirements

Contractor must incorporate this Aricle in all subcontracts that meet the conditions or

requirements stated in this Aricle.

ARTICLE IV. PERSONNEL AND SUBCONTRACTING

4. i Key Personnel

The following key personnel are essential to the proper performance of Contractor's

duties under this Agreement ("Key Personnel") and must perform the roles specified below:

((Title) ),

((Title) ),

((Title) ),

((Title) ),

Contractor's Proposal, or Amended Proposal, if any, identified the above individuals as Key

Personnel and certified their availability to perform the duties specified. Contractor agrees to

make the Key Personnel available as required for performance of the duties under any Task

Order that may be awarded as long as such persons are employed by Contractor or its related

entities. Prior to diverting or reassigning any Key Personnel to any other projects, and prior to

the time any Kef Personnel separate from Contractor, Contractor must notify the Contracting

Offcer in writing at least fourteen (14) days in advance and must submit the name of 

the

proposed substitute individual with a description of his/her educational and professional

background. The determination of acceptability of proposed substitute personnel wil be at the

sole discretion of the FDIC. All initial Key Personnel and every replacement Key Personnel wil

be required to comply with FDIC Fitness and Integrty standards then in effect. Contractor must

not make any substitutions of 

Key Personnel until receipt of 

the Contracting Offcer's written

approval of each such substitution.

4.2 FDIC PersonneL.

(a) FDIC Oversight Manager. The term "Oversight Manager" means the person

designated in writing by the Contracting Officer to represent the FDIC for the purpose of

monitoring technical performance under any Task Order awarded. The Oversight

Manager is not authorized to issue any instrctions or directions which effect any

substantive change in this Agreement or any Task Order issued hereunder, including but

not limited to any increase or decrease in the price of any Task Order awarded or which

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change the delivery date(s) or Period of Performance. Specific areas of delegated

authority are more particularly defined in the Letter of Oversight Manager Confirmation.

(b) FDIC Contracting Offcer. The term "Contracting Officer" means a person

designated in writing by the FDIC with FDIC delegated authority to enter into, modify,

administer, and terminate contracts and orders. The Contracting Officer is the only person

authorized by FDIC to issue any instrctions or directions that affect any increase or

decrease in the cost of this Agreement, any change in delivery schedule or which change

any other term of the Agreement.

4.3 Contractor Personnel

For purposes of this Agreement, any individual who is performing any part of 

the work or

other requirement of this Agreement, and any Task Order issued hereunder, and who is an

employee of Contractor is considered Contractor Personnel ("Contractor Personnel"). For

example, self-employed individuals, other independent contractors, contract laborers, individuals

who are employees of a temporary employment/personnel agency, etc., who perform any part of

the work or requirements of this Agreement, do not come within the definition of Contractor

Personnel and are either subcontractors or employees of subcontractors.

4.4 Personnel Qualifications.

The personnel qualifications defined in the Agreenient and any Task Orders issued

hereunder will apply to both êòntractor Pèrsonnel and Subcontractor employees. Contractor must

provide a quarterly letter certifyng tothe FDIC Contracting Offcer and Oversight Manager that

all Contractor Personnel and Subcontractor ~mployees currently working under a Task Order. .

meet each of the personnel qualifications. The FDIC Contracting Offcer and Oversight Managel: .

do not have the authority to approve any Contractor Personnel or Subcontractor employees who

do not meet all the personnel qualifications unless the FDIC receives additional consideration

from the Contractor.

4.5 Subcontractors

For purposes of this Agreement, individuals and entities that perform Services or provide

Goods under this Agreement or any Task Order and are not included in the definition of

"Contractor Personnel" in Section 4.3 above will be considered subcontractors. Arangements

with either temporary agencies or with individuals, for the provision of temporary personnel, are

considered subcontracts.

4.5. i Authorization; Selection of Subcontractors.

(a) Contractor must not engage subcontractors to perform any of its

responsibilities under any Task Order awarded under this Agreement without the

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prior written approval of the FDIC. This prohibition will not apply to Task Orders

for purchase of equipment, materials or supplies to be used in the performance of

this Agreement. If Contractor's Proposal leading to this Agreement requests

approval for the use of named or designated subcontractors, and if 

the FDIC has

accepted that Proposal, the subcontractors will be deemed approved and further

approval will not be needed.

(b) Consent by the FDIC to any proposed subcontractor will not: (1)

constitute a determination of the acceptability of any subcontract terms or

conditions; or (2) constitute a determination of the acceptability of any amount

paid under any subcontract; or (3) relieve Contractor of any of its responsibilities

under the Agreement. Contractor will award subcontracts only to third parties that

have filed FDIC Certifications with Contractor.

(c) The following subcontractors are approved for performance under this

Agreement:

Safeguard Properties, LLC

(d) Contractor must notify the FDIC of any changes in subcontracting

arrangements. If the subcontractor is a Small Disadvantaged Business (SDB), any

changes must result in the same or greater SDB paricipation.

4.5.2 Contracts with Subcontractors

Contractor will not be reimbursed for subcontracting costs except as specifically

provided for in this Agreement. Contractor must assure FDIC that all contracts it

enters into with subcontractors are consistent with the terms of 

this Agreement,

including, but not limited to, certifications, termination, stop work, confidential

information and insurance.

4.6 Subcontracting Plan Compliance

In Agreements where subcontracting is permissible and in accordance with the

Contractor's proposal, as incorporated within the terms and conditions of 

the Agreement, the

Subcontracting Plan will be considered a material part of 

the Agreement. The Contractor's

failure to comply with and make progress under the Subcontracting Plan may be considered a

breach of contract. In addition, failure to achieve the stated subcontracting goals may result in

the issuance of a cure notice/show cause letter for purposes of 

termination for default and/or have

a negative and adverse impact on the Contractor's past performance record to be considered

during proposal evaluation on future solicitations.

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ARTICLE V. COMPENSATION AND BILLING

5.1 (a) Fixed Price

For satisfactory performance of this Contract, the FDIC will pay Contractor the agreedupon fixed unit price specified in Contractor's Pricing Schedule (included in Attachment 2 to this

Contract). Contractor's fixed unit prices include any and all of Contractor's costs and expenses,

direct and indirect, as well as any profit, fee, or any markups of any nature.

FDIC is a Federal Government corporation and is exempt from State sales tax. Therefore, it will

not pay sales tax on invoices submitted to it that is charged by a Contractor.

5.1 (b) Labor Rates

For satisfactory performance of this contract, the FDIC will compensate

Contractor at the hourly rate specified in Contractor's Pricing Schedule (included in Attachment

2 to this Contract) for actual productive work hours exclusive of 

travel time, vacation, holiday,

sick leave and other absences. Contractor's hourly rates include any 

and all wages, overhead,

general and administrative expenses and profit or fee.

FDIC is a Federal Government corporation and is exempt from State sales tax.

Therefore, it will not pay sales tax on invoices submitted to it that is charged by a Contractor.

5.1.1 Compensation Ceiling.

The compensation ceiling will be defined on a per task order basis.

Contractor must notify the Contracting Offcer in writing, for each Task Order, when

Contractor has incurred charges to the FDIC of seventy-five percent (75%) of 

the dollar

amount of each Task Order.

5.1.2 Other Reimbursable Expenses

The FDIC will reimburse contractor for reasonable amounts for services

purchased specifically for performing a Task Order under this Agreement, which

are specifically identified in the Statement of Work, Task Order Proposal, or

which have been approved in advance by the FDIC Contracting Offcer.

Reasonable costs shall be reimbursed on a straight pass-through basis with no

surcharge or markup added by Contractor. The price of services must be adjusted

by Contractor to deduct any credits, trade discounts, rebates or allowances

received by, or credited to, Contractor. All purchases equal to, or greater than,

Five Thousand Dollars ($5,000), must be approved in advance by the FDIC

Oversight Manager.

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5.1.3 Travel Expenses

The FDIC will reimburse Contractor for necessary travel and per diem expenses

("Travel Expenses"), which include subcontractor travel expenses, if any, that do

not exceed amounts allowable under the FDIC Contractor Travel Reimbursement

Guidelines, a copy of which is attached to this Agreement as Attachment 15) and

is incorporated herein by reference. All travel must be approved in advance, in

writing, by the Contracting Offcer or Oversight Manager unless such travel was

set out in Contractor's Proposal which was accepted by the FDIC at the time of

Agreement or Task Order award or modification. In no event wil the FDIC

separately reimburse Contractor, outside of 

the pricing set out in this Agreement,

or Task Order issued thereunder, for any other costs or expenses it incurs in

connection with its performance under this Contract, including fees for labor

hours incurred while travelling to the work site.

5.1.4 Fees and Expenses of Subcontractors

The FDIC may pay amounts Contractor has been invoiced for labor hours actually

worked, exclusive of travel time, vacation, holiday, sick leave and other absences.1

by its approved subcontractors in performing under any Task Order issued under

this Agreement provided that its approved subcontractors' hourly rates and labor

hours have been approved in advance by the FDIC Contracting Officer and

provided that such amounts are a stàiíght pass-through with no surcharge or

markup added by Contractor.

5.2 Billing Instructions

The FDIC will compensate Contractor as follows:

5.2.1 General Provisions

All invoices must be submitted in accordance with the attached General

Provision, "Invoice Preparation and Submission." In addition to the invoicing

requirements specified in Aricle 19 of the General Provisions, attached to this

Contract, every invoice must designate the hours, the dollar amount and expenses

billed by task requirement and for services provided on an hourly basis by

individual and labor category. Certified copies of 

time sheets in support of direct

labor charges for all contract employees. An allocation of all hours and expenses

to Financial Institution Number (FIN) and Asset Name/Number must be provided

by the Contractor. Contractor should also attach a summary of subcontracting

expenses. This summary must include the approved percentage of subcontracting

per the Contractor's approved subcontracting plan. Copies of subcontractor

invoices and a summary of expenses paid to subcontractors for the billing period

should be provided.

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5.2.2 Contractor's Remittance Address

Contractor must include on the invoice Contractor's remittance address, as

specified below, in addition to the information specified in the attached General

Provision, "Invoice Preparation and Submission". The remittance address must

be included on Contractor's invoice regardless of whether payment will be made

by check or electronic funds transfer (EFT). Contractor must notify the FDIC

Contracting Offcer, in writing, of any changes to the following remittance

address:

Contractor's Remittance Address: Prescient, Incorporated

2100 Coral Way, Ste. 504

Miami, FL 33145

5.2.3 Schedule for Invoicing

Contractor must submit invoices to the email address specified in Attachment (6)

"Electronic Invoicing Instrctions", with any appropriate supporting

documentation so the FDIC can confirm acceptance. Invoices must be submitted

within ten (10) days after the end of each month.

5.2.5 Certification of Contractor

Contractor must include on, the invoice the füllowing statement signed by an

authorized company representative:

This IS to certify that the Goodsànd Services set forth herein, were

performed or delivered during the period stated.

Contractor's Authorized Representative

Date

5.2.6 FDIC Review

If errors are found on the invoices, the invoices wil be returned to Contractor.

When error-free invoices are received, the invoices will be processed for payment.

Any discrepancies in the invoices wil be resolved between the Contracting

Offcer and Contractor PRIOR to approval of the invoice by the FDIC. The

Oversight Manager will review each invoice for reasonableness and accuracy

prior to approving the invoice for payment.

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5.3 Method of Payment-EFT 

Payments by the FDIC under any Task Order may be made by check or electronic funds

transfer (EFT) at the option of 

the FDIC. Ifthe FDIC makes payment by EFT, the FDIC may, at

its option, also forward the associated payment information by electronic transfer. As used in

this section, the term "EFT" refers to the funds transfer and may also include the information

transfer. For further information, please refer to paragraph 8 of the FDIC General Provisions.

ARTICLE VI. INSPECTION AND ACCEPTANCE

6.1 Inspection and Acceptance of Work Product

In accordance with the General Provision of this Agreement, "Inspection of Goods or

Services," the FDIC wil have fort-five (45) days from the date of 

Contractor's delivery of Work

Product to determine if such Work Product is in compliance with the requirements of the

Agreement and Task Order. Inspection by the FDIC will be conducted at FDIC's Dallas

Regional Office, or at such other locations as may be determined by the FDIC, at FDIC's sole

discretion.

6.2 Risk of Loss or Damage

Contractor retains title to all materials and equipment until receipt of the FDIC's written

acceptance and payment after final inspection of the finished installation. Title may transfer at an

earlier date but only upon written notice to C';ontractor by the Contracting Offcer. Risks of loss

or damage by fire or other causes to material or property ordered by Contractor are the sole

responsibility of Contractor until acceptance by the FDIC. Contractor will be liable to the FDIC

for any and all damage to FDIC-owned and FDIC-leased propert as a result of 

this work.

ARTICLE VII. RIGHTS IN SOFTWARE AND SYSTEMS

7.1 Proprietary Interest and License in Softare and Systems

The FDIC and Contractor agree that the FDIC has the exclusive and absolute right, title

and interest in and to all systems and softare owned by the FDIC, or otherwise obtained or

developed for the FDIC at its expense, and furnished to Contractor for use in the performance of

Contractor's Services under this Agreement.

ARTICLE VIII. REPRESENTATIONS

8.1 Representations of Contractor

Contractor represents as follows:

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8.1.1 The execution, delivery and performance of this Agreement have been duly

authorized by all necessary corporate action of Contractor.

8.1.2 Contractor currently possesses all necessary licenses, permits and approvals

required to execute, deliver and perform its duties under this Agreement and is

qualified to do business in all jurisdictions where such qualification is required for

Contractor's performance of its duties under this Agreement.

8.1.3 At the time of execution of this Agreement, there has been no change in any of the

Certifications Contractor submitted to the FDIC with its proposaL. Contractor

agrees to notify the Contracting Officer immediately, in writing, of any change to

Contractor's Certifications.

ARTICLE IX. RESERVED

ARTICLE X. INSURANCE COVERAGE

10.1 Liability Insurance

Contractor, before comm~ncing work or permitting any subcontractor to commence work,

must procure and maintain the following insurance or, should such insurance be canceled, the

FDIC has the right to procure such insurance and 

the cost thereof will be deducted from monies

then due or which thereafter become due to Contractor. Contractor may carr any additional

insurance as it may deem necessary. Contractor wil not be deemed to be relieved of any

responsibility by the fact that Contraçtor cares insurance. The FDIC will require any contractor

of the FDIC performing work on FDIC premises to carr and maintain, at no expense to the

FDIC:

A. Worker's Compensation and Employer's Liability Insurance in accordance with the

applicable laws of the state in which the work is to be performed or of 

the state in which

Contractor is obligated to pay compensation to employees engaged in the performance of

the work. The policy limit under the Employer's Liability Insurance section must not be

less than One Hundred Thousand Dollars ($100,000) for anyone accident; and

B. Comprehensive Bodily Injury and Propert Damage Liability Insurance covering the

work, the performance of the work and everyhing incidental thereto, with Bodily Injury

(including death) and Propert Damage limits of not less than Five Millon Dollars

($5,000,000) per occurrence combined single limit. This policy must be endorsed to

cover: Contractual liability coverage, completed operations coverage, broad form

propert damage endorsement and Contractor's protective liability coverage; and

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C. Automobile Public Liability and Propert Damage Insurance, including coverage on

owned, hired, and non-owned automobiles and other vehicles, if used in connection with

the performance of the work, with Bodily Injury and Propert Damage limits of not less

than One Million Dollars ($1,000,000) per occurrence combined single limit; and

D. Such other insurance as may be required elsewhere in the Agreement documents.

The FDIC must be named as Additional Insured under Contractor's Comprehensive Bodily Injury

and Propert Damage Liability and Automobile Public Liability and Propert Damage Insurance

coverage. Contractor's insurance must be primary.

10.2 Fidelity Bond Coverage

Contractor must obtain and maintain at all times during the Period of Performance of the

Agreement fidelity bond (crime) coverage in the amount of at least Five Hundred Thousand

Dollars ($500,000.00 ). Contractor must provide the FDIC, no later than ten (l0) calendar days

after the date of execution of a Task Order issued under this Agreement, evidence of fidelity

bond coverage. Such evidence of insurance may be (1) a binder or (2) a copy of the original

policy. Contractor must also provide no later than ten (l0) calendar days after the date of

execution a Certificate of Insurance which must include the following mailing address and

reference the Agreement number:. TBD . Contractor must obtain and maintain

such coverage with a responsible carrer or bonding cornpanywith a financial rating of at least

B+ VI from A.M. Best or equivalen,t rating agency. The policy must cover all of Contractor's

employees, parters, trustees, brokers, 

subcontractors, agents, affiliates or other representatives

involved in the day-to-day performance of 

the Agreement, and must protect the FDIC against

losses, including, without limitation, those arising from theft, embezzlement, fraud, or

misplacement of funds, money, or documents. The FDIC must be named as "loss payee" and as

an "additional insured" under Contractor's policy. Contractor agrees to notify the FDIC

Contracting Offcer in writing within five (5) business days of 

the first notice or proposal of

cancellation, termination or modification of coverage which Contractor receives. Contractor

may, in lieu of insurance coverage, obtain and deliver an unconditional, irrevocable letter of

credit issued in the FDIC's favor by a financial institution acceptable to the FDIC for the dollar

amount required for insurance coverage. The letter of credit must have an expiration date no

earlier than sixty (60) days after the termination or expiration of 

the Agreement, as the

Agreement may be extended.

10.3 Errors and Omissions Insurance

Contractor must obtain and maintain at all times during the Period of Performance of the

Agreement, errors and omissions insurance coverage in the amount of at least One Milion

Dollars ($1,000,000.00). Contractor must provide the FDIC, no later than ten (10) calendar days

after the date of execution of a Task Order issued under this Agreement, evidence of errors and

omissions coverage. Such evidence may be (I) a binder or (2) a copy of 

the original policy.

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Contractor must also provide, no later than ten (10) calendar days after date of execution, a

Certificate of Insurance which must include the following mailing address and reference the

Agreement number: TBD . Contractor must obtain and maintain

such coverage with a responsible carrier with at least a financial rating of B+ VI from A.M. Best

or equivalent rating agency. Contractor agrees to notify the FDIC Contracting Offcer in writing

within five (5) business days ofthe first notice or proposal of cancellation, termination or

modification of coverage which Contractor receives. Contractor may, in lieu of insurance

coverage, obtain and deliver to the FDIC an unconditional, irrevocable letter of credit issued in

the FDIC's favor by a financial institution acceptable to the FDIC for the dollar amount required

for insurance coverage. The letter of credit must have an expiration date no earlier than sixty

(60) days after the termination or expiration of the Agreement, as it may be extended. The issuer,

policy terms and fonns and amounts of any errors and omissions insurance coverage, including

applicable deductibles, must be satisfactory to the FDIC.

10.4 Certificates of Insurance

Contractor must have its insurance carrier or carrers certify to the FDIC that all insurance

required is in force, such certificates to stipulate that the insurance will not be canceled or

substantially changed without thirt (30) days prior notice by Certified Mail to the FDIC

Contracting Offcer. Contractor must, on request, pertit the FDIC to examine original insurance .polici.es. . l .

10.5 Notice to the FDIC

Contractor must promptly advise the FDIC's authorized representative of all damages to

propert of the FDIC or of others, or injuries incurred by persons other than employees of

Contractor in any manner relating, either directly or indirectly, to the work.

10.6 Cost of Insurance 

Contractor's expenses in fulfilling the requirements of this Article IX will not be

reimbursed by the FDIC.

ARTICLE XI. INDEMNITY

11.1 Contractor Indemnity

Contractor agrees to indemnify, hold hannless, and defend the FDIC in all of its

capacities, and all of its officers, directors and employees against any and all claims, losses,

penalties, fines, forfeitures, amounts paid in settlement, judgments, reasonable attorneys' fees and

related litigation costs, fees and expenses which result from any act or omission constituting

negligence, wilful misconduct or breach of 

fiduciary duty by any offcer, director, agent or

employee of Contractor or its subcontractors in connection with Contractor's perfonnance under

this Agreement.

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ARTICLE XII. CONFLICT OF INTEREST

12.1 Notice to the FDIC

Contractor must notify the Contracting Offcer immediately whenever the work under this

Contract conflicts with or appears to conflict with Contractor's obligation to another company or

organization. Contractor must furnish sufficient details to permit evaluation of the situation.

Contractor will not proceed with the performance of 

the work in question until written

notification to do so is given by the Contracting Officer.

ARTICLE XIII. LEGAL REPRESENTATION

13.i Relationship of Contractor and FDIC Legal Division

The Contractor is hereby designated as a limited agent of the FDIC Legal Division for the

sole purpose of assisting the FDIC Legal Division in providing legal services relating to this

Contract and ancillary to the performance of 

the Contractor's duties under this Contract. This

designation is in addition to other designations èreated elsewhere in this Contract and is not

intended to supplant the relationships with FDIC personnel created elsewhere in this

Contract.

13.2 Contact Points

(a) The FDIC shall designate an FDIC Legal Division Attorney to serve as the

Contractor's primary point of contact with the FDIC Legal Division.

(b) Contractor shall designate one member of its staff to serve as the FDIC Legal

Division's primary point of contact with Contractor.

13.3 Contractor's Authority

(a) Subject to the provisions o/this Article, Contractor has the limited authority 

to select,

direct, monitor and pay outside counsel for necessary legal services, including

initiating litigation, on legal matters arising from Contractor's obligations under this

Contract when:

(i) The estimated legal fees do not exceed $50,000; and

(ii) The value of 

the transaction or the amount of 

the claims involved in the

matter is not greater than $500,000.

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For all other legal matters, the Contractor must obtain approval from the FDIC Legal

Division to retain outside counseL.

Notwithstanding this limited grant of authority, the FDIC reserves the right to direct

and control any legal matter and to modify these procedures, in its discretion.

(b) The Contractor shall not commence any litigation or other legal proceedings, or

continue any pre-existing litigation or other legal proceedings:

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(i) Involving the foreclosure of a mortgage or deed of trust on single family

residential propert;

(ii) Against any financial institution identified by the FDIC in writing to the

Contractor;

(iii) Against any insured depository institution that is in conservatorship or

receivership;

(iv) Against any financial institution identified to the Contractor by the FDIC in

which the FDIC, in any capacity, has existing obligations to provide

assistance or indemnities;

(v) In connection with any matter involving one or more of the Special Issues

listed in Section 13.8 below; or

(vi) Against any state or federal banking regulator,

without the prior written approval of 

the FDIC Legal Division.

(c) Contractor shall notify the FDIC Legal Division about legal matters that are not

within the general authority granted to the Contractor and shall coordinate with FDIC

Legal Division the selection, retention, direction and monitoring of outside counsel,

to the extent and in the manner it requests. To the extent that Contractor is required to

obtain approval from the FDIC Division of Resolutions and Receiverships on

particular matters or cases, which require the concurence ofthe FDIC Legal Division

under the delegations of authority, then Contractor shall obtain said concurrence from

the FDIC Legal Division.

(d) The FDIC may direct and control any legal action (including litigation, arbitration, or

alternative dispute resolution procedure) relating to any matter, upon wrtten notice to

the Contractor. Upon receipt of notice, the Contractor shall promptly provide the

FDIC Legal Division with copies of all pleadings and other pertinent documents and

correspondence. The Contractor shall continue to direct the legal action and protect

the FDIC's interests, and shall continue to process payments to outside counsel, until

the FDIC Legal Division actually takes control of 

the action.

20
(e) The FDIC Legal Division has sole authority to determine outside counsel conflictsof-interest. If the Contractor perceives or is notified of any actual, apparent or

potential conflicts-of-interest involving outside counsel, Contractor shall notify the

FDIC Legal Division immediately.

(f) The Contractor is prohibited from hiring any law firm (or any employee, partner or

shareholder thereof) which has any financial interest in the Contractor without the

prior written approval ofthe FDIC Legal Division. Financial interest includes, but is

not limited to, ownership interest. The prohibition applies to the entire law firm

regardless of whether an individual other than the employee, partner or shareholder

with the financial interest in the Contractor is expected to perform the legal services.

IN WITNESS WHEREOF, each part has caused this instrument to be signed on

its behalf by' duly authorized agent.

FDIC/Q 0. //~ ~ /) BY:(~.

Rochelle K. Nagel

Title: Contracting Offcer

Date: it/1f!

'JS~5' -G Itl,

Title: £~t; a rJ c:" D

Date: 1/ (1"1 f/l

,

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INDEX TO ATTACHMENTS

Attachment (1): Statement of Work

Attachment (2): Contractor's Proposal, or Amended Proposal, if any

Attachment (3): FDIC General Provisions (these can be obtained at the following website:

ww.fdic.govlbuying/goods/formsdocuments/generalprovisions. doc

If they cannot be obtained, please contact the Contracting Officer for a hard copy.) .

Attachment (4): Sample Task Order

Attachment (5): FDIC Contractor Travel Reimbursement Guidelines

Attachment (61: Electronic Invoicing Procedures

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ATTACHMENT 1

STATEMENT OF WORK
Attachment 1

OWNED REAL ESTATE (ORE)

MAAGEMENT AND MATING SERVICES

STATEMENT OF WORK

Section I BACKGROUN

The Federal Deposition Inurance Corporation (FDIC) though its mandate as receiver for failed

fiancial institutions acquires real propert thoughout the Continental United States, Alaska,

Hawaii, Puerto Rico and the Virgi Islands. The Division of 

Resolutions and Receiverships

(DRR) of the FDIC is seekig the Servces of a Contractor, qualfied to do business with these

geographical locations to assist in the acquisition, research, preparations for marketing,

management, marketig and fial disposition of all tyes of 

real propert (ORE).

The Contractor will comply with all applicable federal, state and local 

laws and reguations,

including, without litation, the Federal Fai Housing Act (42 USC 3600 et seq.) which

.provides, with the constitutional 

limtations, for fai housing thoughout the United States.

Section II GENERA SCOPE OF WORK

The services to be provided by the Contractor include, but are not limited to the following: a)

assist the FDIC durg the acquisition phase; b) prepare propertes for marketig; c) manage real

propert until fial disposition; d) market, sell, close or otherwse dispose of 

the properties; and,

f) research potential ORE. The scope of 

work under each of these fuctions is more fully

described below::

1. Assist the FDIC during the Acquisition Phase - Most of the ORE is acquied the

failure of fiancial institutions (ban closings). Other sources of ORE are foreclosure

actions, settlements, and as "discovered" assets. The ban closing aspect wil requie

assistig the FDIC in developing a plan to handle ORE from a fiancial intitution that

has the potential to faiL. It also requies attending the closing of the fiancial intitution

to inventory and gain control of 

the ORE and thereafter, either remain on site for specific

period oftime or move the files, management and marketing of the assets to the

Contractor's location at the sole discretion of the FDIC. Discovered ORE is a by product

of previous liquidation activity conducted by the RTCfFDIC or fall out from failed

financial institutions.
ORE Management & Marketing Servces

Statement of Wark

2. Prepare Real Property for Marketing - Ths phase encompasses ensuring that the

FDIC is the owner of 

the propert and that title can be conveyed. Also referred to as

makg the propert "Marketable". In addition, in ths phase the Contractor is required

to obtai services such as appraisals, broker's price opinons, title work, environmental

assessment, etc. that are required by the FDIC to ensure proper knowledge of the asset

acquied and being disposed.

3. Manage ORE _ The purose of 

this phase is to secure and manage the ORE in a

maner that will prevent erosion of value due to lack of adequate maitenance, lack of

income, and to prevent propert from becoming a health hazard and/or to address

propert that has become a health hazard. Ths phase also includes placing the ORE

under the FDIC's blanet inurance policy and the payment and protest of 

propert taxes

as required. Also, leasing, determe if parially fished propert should be completed,

oversee its completion, oversee propert manager should it be a specialized or complex

propert.

4. Market, Sell & Close - In ths phase the Contractor is 

expected to expose propertes

that are marketable to the broadest market possible, and to negotiate and dispose of 

them

at the highest retu possible with a reasonable period of time.

5. Research Potential ORE - Ths phase is direCtly related to the "Discovered" ORE.

Typically the FDIC receives some 20-30 inquies per month from investors or taxing

jursdictions claig that the FDIC owns certai propert. Each request will requie

searchig the FDIC's databases and warehouse records 

to ensure that the propert was

not previously disposed by the FDICIRTC. Should title be vested in the FDIC's name

then, the propert is prepared for marketig (phase #2). Access to FDIC systems and

records requires Contractor and subcontractor securty clearances as described in Section

3.1 of the Agreement. In addition, access to specific FDIC Inormation Technology

applications, may fuer require internal access requests that must be completed and

granted in order to provide access.

The general description of the work above is fuer outlined in the attached Power Point slide

presentation, attached as Appendix 1.

Section ill ORIGIN AND PROCESS FOR ADDINGIDELETING

PROPERTIES

Any assignent or removal of a propert covered by this Agreement will be as provided below.

1. Initial Inventory - A copy of 

the FDIC's existig ORE portfolio is attached hereto as

Appendix II. Only ORE not under a fully executed sales contract at the time of the award

wil be added to this Agreement from the FDIC's existing inventory of assets allowable

2
ORE Management & Marketing Services

Statement of Work

under ths Agreement. However, it is noted that some pools may require a tranition

period from the existing contractors. Contractor wil cooperate fully with the FDIC and

its Contractors durng the transition process.

2. Discovered Assets _ Typically, the FDIC may discover 10-20 ORE assets a year from

ínvestor' s inq~íres or tax bilings which reveal ownership in the FDIC or one of its

predecessors, e.g. a failed fiancial institution. Due to the passage of time, most of these

discovered assets usually have signficant problems which need to be addressed before

the propert becomes marketable.

3. Bank Failures _ The FDIC acquires a number of ORE from failed fiancial institutions.

These propertes may be located anywhere in the United States or its terrtories.

4. Settlement/Compromises - Occasionally real propert is acquied though compromise

settlements. These properties may also be located anywhere in the in the United States or

its terrtories.

5. Propertes may be added to or deleted from ths Agreement at any tie at the sole

disc.retion of the FDIC.

6. Notification of any additions/deletions wil take the form of a wrtten Addlelete

Notification approved by the FDIC Contractig Offcer and Oversight Manager.

Multiple propertes may be included in a single Notification.

7. For a propert that hás not sold and where the FDIC exercises its right to delete (pull) the

propert from ths Agreement under the provisions listed above, the Contractor may

reserve the names of any potential buyers developed and contacted by the Contractor

durg the tie the propert was covered by ths Agreement. The list of 

buyers reserved

for the deleted propert shall be provided in wrtig to the FDIC no later than seven days

(7) days following receipt of 

the FDIC's wrtten Add/elete Notification and

simultaneous with the tranfer of 

the propert. lithe propert is subsequently sold by the

FDIC to one of the buyers named on the reserved list with thee (3) months of 

the date

the propert was pulled from ths Agreement, e.g., the Effective Date of 

the Addlelete

Notification, the Contractor will be entitled to its full commssion as stipulated hereunder

. as though the propert had been sold while still covered under ths Agreement.

Section IV NATUR OF SERVICES REQUIRED AN MINI STANDARS

The Contractor shall be responsible for takg all actions necessar to efficiently and effectively

research, manage, market and sell, or otherwise dispose of, the propertes covered under this.

Agreement to accomplish the following:

3
ORE Management & Marketig Services

Statement of Work

1. Ensure that the interests of the FDIC are maitained and protected. provide the highest

level of cu~tomer service to any individual or entity that interacts with the Contractor.

2. Manage the properties to ensure that propert is: a) secured; b) accessible; c) propert

values are preserved by providing adequate maitenance; d) in compliance with

city/county mium health standards; and, e) address areas of potential 

liability.

3. Propert is adequately inured under the FDIC blanet insurance policy and that taxes are

reviewed and paid curent should ths be the recommended course of action. Furer to

protest assessed values as indicated in ths Statement of Work.

4. Maitain and update an ORE database containig all active and sold ORE. The database

should contai basic inormation required to manage, research, market and dispose ORE.

The curent fields used by the FDIC are reflected in Appendix II. FDIC reserves the

right to modify these fields at any time, at FDIC's sole discretion. Also, the ability to

monitor ta due dates and assessed values, pay taes in a tiely maner so as to avoid

interest and penalties and protest assessed values as necessar.

5. Enhance the marketabllity of the propertes covered hereunder and market properties in

such a way as to maxime the sales proceeds and mize the marketig costs.

6. Research "discovered" assets to ascertai the FDIC's ownership interest, if 

any.

7. Coordinate with other FDIC Contractors, such as Review Appraisers and Environmental

Contractor, performg work that is directly related to ORE under ths Agreement.

8. The Contractor acknowledges that FDIC may offer for sale and sell properties covered

under ths Agreement to purchasers not procured by the Contractor, and that the

Contractor (durg the ter of 

the Agreement) shall be entitled to receive a commssion

in connection with any such sale by FDIC as set fort in the attched Agreement.

Section V DELIVRALES AN SCHEDULED MILESTONES FOR THEIR DELIVRY

Par 1. ACQUISITION pHAE

1. Bank Closings: From time to time the Division of 

Resolutions & Receiverships (DRR) is

called upon to act as a receiver for a failed financial institution. Some of 

those assets may

consist of ban-owned premises (real estate used in the operations of 

the failed

institution) as well as Other Owned Real Estate (real estate acquired by the failed

financial institution by way of foreclosure or loan settlement).

4
ORE Mangement & Marketig Services

Statement of Wark

Upon notice, the Contractor will provide qualified personnel to assist the FDIC conduct

pre-closing plang and portfolio review to determe a disposition strategy should the

institution fails. Upon failure of the institution, the Contractor will assist the FDIC in

gainig control of the ORE inventory and commence the orderly management and

disposition of these assets. Tms work may consist of any 

or all of the following:

. gatherig inormation on each propert and interviewing ban personnel,

. loading inormation the ORE database,

. compilig data into spreadsheets,

. priting reports,

. inspecting and securg ORE (refer to Par 4, Manage ORE, Item #1 for additional

details on the intial inpection,

. ordering title work, appraisals, sureys, environmental reports, if required, and

coordiate with the FDIC Environmental Specialist and thd-par review

appraiser when requied,

. orderig envionmental reports and sureys if requied,

. locatig and collectig ORE fies,

a determng origial bid prices or settlement amount in order to reconcile ORE

book values to the general ledger,

. locating related loan files and collectig inormation relative to the ORE such as

appraisals, inspections, propert descriptions, etc.

. preparg ORE files, in accordance with FDIC's packagig and shipping securty

requirements (to be provided to Contractor under separate cover), and smpment of

files to the Contractor's office, and;

. any other ORE duties related to researchig, managing, marketing, and disposing

ths product.

Par 2. RESEARCH

1. Discovered Assets: From tie to tie the FDIC receives inquies from the private and/or

public sector for ta bils on propert that is not cared on the FDIC's books. If ownership

can be established in the FDIC's name, these assets 

are tyically labeled "Discovered

Assets". The FDIC's goal is to provide top quality customer service to the public and to

respond to discovered asset inquies in a tiely basis.

2. The responsibility of 

the Contractor is to conduct comprehensive research of 

the records and

systems held by the FDIC, and public records to determe if 

the propert is owned by the

FDIC. Should the results of 

the research be that the FDIC is the owner of 

record; the

propert will be booked as a discovered asset, and managed and marketed until disposed.

Should the research conclude that the propert is not owned by the FDIC, the Contractor

will provide evidence to the inquirer and public entities in an effort to correct the records.

Under the FDIC's guidelines, it is required to adequately expose the property in the open
ORE Mangement & Marketig Services

Statement of Work

market prior to accepting an offer. Therefore, this needs to be clearly conveyed to any

party who brings a potential discovered property to the attention of the FDIC

Discovered Asset Process:

. Inquies are received either by phone, e-mail, or though documents mailed to the

FDIC/Contractor. Given the number of inquies that are received, the fist step is to

request the inquier to provide proper documentation in the form of a legal

documents (deed, title commtment, etc.) reflectig the FDIC as the owner of 

the

propert.

. The Contractor wil create and keep curent a database contag the statu of 

the

assets being researched and results obtaed. The database should be capable of

storig asset documentation in electronic format.

. The Contractor will review the documents provided and research the FDIC's

systems that car curent and historical inormation on ORE assets to determe if

the asset was previously resolved or if fuer research in the form of a title

commitment is necessar.

. Upon receipt of the title commtment, the Contractor wil determe if the FDIC is

the owner of record

. Should the propert be owned by the FDIC it will be booked as a discovered asset

and sent to thèContractot's ORE Clearglocessing Unit.

. However, should the research on the FDIC's systems 

and databases, or the title

commtment reflect that the FDIC does not have an ownership interest; the

Contractor will inform the inquirer (in wrting) and make a reasonable effort to

correct the public records.

. On occasion the Contractor may be asked to research the books and records of

taxing jursdictions, muncipalties, and political subdivisions to determne if any

real propert remais under the varous capacities of 

the FDIC, but not known to

the FDIC.

Par 3. PREPAR PROPERTllS FOR MATING

1. Conduct intial on-site inspection and evaluation of any propert added to the Agreement.

2. Obtain keys, secure all records and leases and convert locks to master key system.

3. Inspect all areas of the propert and evaluate its condition. Address areas of concern

affecting both marketing and potential 

liabilities. Determine if the property needs to be

6
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boarded up or if eviction proceedings are recommended.

4. Prepare a list of immediate repairs to preserve the value of the propert.

5. Take digital pictues of the propert and complete an inspection report, a sample of 

which

is included as Appendix N.

6. Obtain a title commitment or similar service to ascertain ownership and location of 

the

propert. Utilize a Statement of Work that contais, at a minum, the items shown

under Appendi V.

7. Review title work and clear any title issues that would render title to the proper unmarketable. Any title work that requires retention of a law fi must be referred under the

FDIC Legal Division procedures, which are set out in the Basic Orderig Agreement in

the arcle titled Legal Representation.

8. Obtai a valuation or BPO from an independent fee apprais~r or broker. Should a

valuation be recommended or requied, utilize the Statement of Work provided by the

FDIC under Appendi VI as a gudelie.

9. Obtain envionmental assessments includig Checklst, Phase I, II or II reports from a

licensed, independent envionmental contractor. Hire a contractor to perform remediation

when applicable and in conjunction with the FDIC guidelines with the approval and

coordination of the FDIC Envionmental Specialist. All work performed by the any

environmental contractors could be subject to addit.ional oversight by the FDIC

Envionmental Specialist in addition to the normal oversight under the ters of 

ths

agreement.

10. Upload the assets into the ORE database; image all pertent documents necessar to set

up the electronic ORE MarketigIanagement file.

Par 4. MAAGE ORE PROPERTIES

Initial Inspection: With five (5) workig days of acquirig a propert, the Contractor shall

conduct the intial on-site inspection and evaluation of propert. Inpect all areas of 

the property

and evaluate the condition. Address areas of concern afectig both potential liabilities and

marketing. SECUR the propert or detenne if eviction proceedings are to be recommended.

Take digital pictues of the propert and complete an inspection report.

Services required to be performed within fourteen (l4)calendcir days unless

otherwise stated herein or an extension has been ranted b the FDIC Oversi ht

Manager and Contracting Offcer:

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1. Prepare an operating budget considerig holding the propert for 18 months. Determne

if the propert should be leased or kept vacant.

2. Prepare a list of imediate repais to preserve the value of 

the propert.

3. Take digital pictues of the propert and complete an inspection report.

4. Withn the guidelines established by the FDIC regarding authorization levels for such

actions, correct conditions which are: a) a potential liability, b) in violation of local or

state santar ordinances or codes, c) detrental to the preservation ofthepropert.

5. Identify all utility accounts by propert/asset name and convert utility billigs into the

Contractor's name as independent contractor for either the FDIC as Receiver for (ban's

name) or the subsidiar corporation.

6. Take action to imediately acquire any revenue or securty deposits held by a previous

propert manager or-those previously responsible for the propert; notify all sources of

revenue (tenants, vendors, etc.) regardig payment requirements and 

establish curent rent

roll includig sumar of outstandig delinquencies.

7. Prepare and maitai 

a listig of all personal propert capital equipment and supply

items, if any.

8. Notify and explain to tenants the rent collection procedures and meet with tenants and

identify areas of concern.

9. Review all existig leases, and sumarze lease information.

10. Notify all service contractors and review all existig service contracts, evaluate all

existing suppliers and vendors, and make changes or adjustments to insure compliance

with the Contract and the FDIC's requiements.

11. Obtai copies of any and all occupancy permts, when applicable.

Other required services and timelines

1. Document propert condition (physical and admstrative) on a monthy basis or as

needed, given the location of 

the propert and the ongoing vandalism activity in the

neighborhood. Document the inspection report using the FDIC Propert Inspection Form

(refer to Appendix IV, Sample Propert Inspection Report) or a simlar inspection report

agreed upon with the Oversight Manager.

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2. Update the electronic ORE asset file on a regular basis with actions taken on the propert

and digital photographs taken dung the inspection.

3. Monitor the approved 18 months Budgetlanagement plan on a monthly basis and make

adjustments accordingly.

4. Together with the Marketing Group, prepare a plan to repai/clean up the propert geared

to enhancing the market appeal of the propert strctly under a liquidation scenaro. On

income producing propertes develop a leasing strategy to enhance each property's

revenue production potentiaL.

5. Implement maitenance programs geared to the specific needs of each propert. Each

program shall be designed to ensure that the routine preventive maitenance actions

necessar to preserve the propert's plumbing, mechancal and electrcal systems are

performg effciently. The scope of each program, which shall be documented, may var

substantially depending upon the tye of 

propert involved (e.g., mowig and fence repair

of vacant land to fu servce maitenance on tenat occupied properties).

6. Establish procedures for tenants' servce 

requests, maitain work order logs, and provide

all tenants with intrctions regarding servce cals.

7. Promulgate and admnister rues and regulations necessar for the efficient operation of

the propert and the securty, comfort and safety of 

tenants, including obligations

imposed by condomium associations.

8. Develop a leasing plan for rental propert and actively pursue and screen qualified

applicants for new leases and lease renewals. Upon execution of a new lease or

negotiation of a lease renewal, convert leases to the FDIC lease format.

9. Diligently collect all rents, intiate appropriate collection procedures for past due rents

and, intiate and conclude evictions of deliquent tenants. Evictions that requie the

retention of a law fi must be conducted under the FDIC Legal Division procedures for

handling legal matters; these are set out in the Basic Orderig Agreement in the aricle

titled Legal Representation.

10. In accordance with the approved budget, insure that properties under the Agreement are

maintaied in a condition to present a clean well-groomed appearance in order to ensure

maximum "curb appeal" for both prospective and existig tenants.

11. Prepare work specifications and secure competitive bid proposals for routie maintenance

services, tenant improvements, complete constrction of propert and any other matter

related to the management and disposition of 

the propert, recommend contract awards,

negotiate and enter into maintenance/propert management subcontracts in the capacity

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as an Independent Contractor of 

the FDIC, provide direct supervision of 

all contracted

services, evaluate compliance with contract specifications and administer payment under

the terms of the contract. Contracted services to the propert shall be documented

monthly, and shall include before and after photos. Dependig on the maintenance needs

of each propert, routine maitenance services may include:

. Securty

. Landscape, MaitenancelPeriodic Mowing

. Trash Removal

. Exterior Sweeping

. Jantorial

. Pest Control

. Snow Removal and Sanding

. Equipment Maitenance

12. Winterization of certain 

improved propertes

13. Work with and provide assistance to the FDIC and its designees, includig brokers,

listig agents and others, in the liquidation of any propert in ths Agreement and provide

appropriate support to help achieve måximur sales revenue.

Par 5. TAXS

Ths section relates to the servces requied of the Contractor to provide comprehensive propert ta

serces and to protest (where applicable) the propert's assessed value. The requesteà services

will fal into two categories:

1. Determie the Correct Amount of Propert Taxes Owed on ORE - Provide inormation

and document the amount of propert taxes owed on real propert. Maita and update a

database to reflect the tax statu on each propert accordig to industr stadar and

simlar to the tax inormation contaed in the FDIC system known as ORES.

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2. Protestig Asse~s Values - On a regular basis compare the assessed value to the appraised

value and file ta protest on properties where the assessed value exceeds the appraised value

by 20% or more, or where the potential tax savigs/refud exceeds $5,000. Ths servce

need to be quoted separately and will be used on an as needed basis. If and when the

Contractor is asked to protest a ta valuation the Contractor shall use its best efforts to

preserve the FDIC's right to appeal assessments and pursue refuds for overpayments.

The Contractor shall provide the followig propert tax related services:

3. The Contractor shall address any existing or proposed tax collection actions such as

deliquent tax bils, tax liens, tax foreclosures, tax sale dates or other collection efforts

that may affect propertes under ths Agreement. The Contractor shall obtai from the

taxing authority, a copy of any notification of collection action.

4. The Contractor shall enter and maitai curent tax inormation into their Database. For

reportg purposes, propertes shall be identified by the FDIC Asset number and the FDIC

asset name. The Contractor shall update their Database to indicate the statu of all

pendig ta appeals and òther activities underten by the Contractor.

5. If the propert taxes on ORE are deliquent, the Contractor shall obtain a tax statement

showig the amount.necessar to brig the deliquenttaxes curent. The statement

should indicate separately, on a per year basis, the pricipal & interest, interest rate(s)

being charged, penalties and per-diem amount for the next sixty- (60) days. By statute

the FDIC is not liable for the payment of penalties and interest.

6. If an assigned ORE propert has been sold for nonpayment oftaxes the Contractor need

to determe whether or not it is economically feasible to redeem the proper.

7. The Contractor shall notify appropriate taxing authority offices changes in ownership

when propertes are sold or have been previously sold by the FDIC should it be a

discovered asset. The information provided to the taxing jursdictions should contai the

purchaser's names and addresses, as well as a copy of 

the recorded documents.

8. The Contractor shall review the tax assessments for the curent year and the previous

year, and compare the assessed valuations to those of comparable properties, and to the

FDIC's appraised value to determe whether the propert is over-assessed.

. The Contractor will file an assessed value appeal on those propertes where the

assessor's fai market value equals or exceeds one hundred twenty percent (120%) of

the FDIC's most recent appraised value.

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. Additionally, notwithstandig the 120% assessed value to appraised value theshold

the Contractor shall protest assessed values when the anticipated tax savig or tax

refud equals or exceeds $5,000.00.

9. The Contractor shall determe if any of 

the assigned ORE properties are eligible for any

tye of propert ta exemption, such as agrcultual, horticultual, or other "open space"

exemptions. The Contractor shall seek such exceptions, and will prepare and file the

correspondig applications for such exemptions.

1 a.In cases where propert ta assessments have been reduced, the Contractor shall apply for

refuds of propert taxes overpaid in prior years by the FDIC. Refuds should be noted in

the monthy reporting package.

11. The Contractor should pursue refuds on properties where the FDIC paid taxes and a

. thd par (purchaser, etc.) obtaied refuds but did not remit the refud to the FDIC.

12. The Contractor shall act as a constat, anc; testify as an expert witness on behaf of the

FDIC in any litigation pertaig to the asséssed value of 

the properties. Fees will be

covered under the Paragrph 2 ofthis section. 

and FDIC travel reguations should there be

travel involved.

Par 6. MATING

The Contractor shall complete the following marketing services for each propert with the time

specified below unless the parcular service is determed to be inapplicable to a paricular

propert.

1. With 15 days of the propert becomig marketable, install a "For Sale" sign reflecting

the phone number of the entity responsible for selling the propert.

2. Regularly inspect each propert at least quarerly after the intial inspection is completed

to determe any condition which might adversely afect the propert's marketability and

to ensure that the signage remais in place.

3. Intially or as otherwse requied, provide a marketing plan for each propert describing

how the continuous listing and the inclusion of the propert in a sealed bid or auction at

AN time durg the term of the listig agreement should be conducted. Provide a profie

of potential buyers and target markets. Upon request, the Contractor shall implement

special marketig and disposition procedures required by the FDIC pertainng to

properties falling under the special environmental resources gudelines; as well as,

properties with environmental hazards that may require an Environmental Remediation

Agreement to be implemented by prospective buyers.

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4. Intially or as otherwise required, provide a budget of 

the total marketing expenses which

wil be covered under the asset disposition fee to be paid on ths asset. The budget must

specify the cost to develop marketing brochures/packages, flyers or postcards, Internet

access, and other promotional activity necessar to market each property. The FDIC wil

only agree to absorb or assume additional marketig costs if these costs are related to an

FDIC initiated/sponsored mass marketing event such as a Sealed Bid Sale or Auction.

5. Contractor must be knowledgeable of 

the FDIC requiements to market and sell propert

under the Affordable Housing Program. Inormation 

on the FDIC's Affordable Housing

Program can be obtaied at: ww.fdic.govlbuying/owned/affordable. lfyouare unable

to obtain ths inormation, please contact the FDIC Contractig Officer for additional

inormation.

6. Intially, or as otherwse requied, at the Contractor's expense prepare a Propert

Inormation Package (pIP) for each propert contaig the following where applicable:

Informatonal Documents:

All Properties

. Executive Sumar - a brief narative description of the propert, contaig

dimensions, topography, proximty locations, etc.

. Propert location maps and plats or sureys, if available.

. Propert pictues.

. Curent proper tax inormation.

. Zoning and flood plai data.

. Envionmental reports, if available.

. The FDIC title commtment, title policy or other reliable evidence of ownership.

Improved/Commercial Properties (additional information)

. Leases and servce contracts.

. Curent rent rolls.

. Year-to-date income and expenses.

. Engieerig reports, if available.

Interactive Documents:

. Appropriate purchase and Sale Agreement with its Exhbits.

. purchaser Eligibility Certfication.

. Settlement Statement, if 

Full purchase Price purchase and Sale Agreement is

utilized.

. Appropriate deed instrent.

. Confidentiality Agreement, if rent rolls, leases or other tenant information is

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ORE Management & Marketing Services

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included.

. Any other state related documents such as lead base paint disclosure, riders,

etc.

7. As requied, develop marketig brochures, circulars, due diligence packa.ges, sales aids,

advertsements and any other forms of advertising appropriate for each propert.

8. Intiate an aggressive canvassing caipaign to locate prospective purchasers and promptly

review, analyze and service prospective purchasers as soon as identified. Procure

references and make reasonable effort to determe the reliability of all inonnation

provided by the prospective purchaser(s).

9. Provide a market analysis considerig the development of sales activity, pas and present,

in each propert's sub-market, and show the sale potential of 

the propert on a cash and

owner financed basis. Update the ORE system periodically with marketig information.

10. Thoughout the marketing period, conduct advertsing, place sign, car out diect.

mailings, include the properties in Multiple Listig Servce, include properties on the

FDIC internet real estate asset sales site, etc., so as to aford full and complete coverage

in the local, national and/or international market as appropriate.

11. Provide brokerage servces for those properties 

on which sale by broker is deemed the

appropriate marketig method. The Contractor may reta other real estate licensed

brokers or personnel affliated with the Contractor (Sub-contractor) to assist in selling a

propert. The retention of other real estate brokers should only be used in areas where the

Contractor does not possess adequate coverage to market the FDIC properties though the

use of its own qualified and licensed real estate broker. 

personneL.

12. At all ties cooperate with all licensed real estate brokers who have prospective

purchasers for a propert and endeavor to obtai wrtten offers from such prospective

purchasers.

13. Ensure that dedicated personnel are assigned to each propert that can be available to

show the propert on no more than one (1) business day's notice. The Contractor wil

show propertes at the request of 

both, the FDIC or any prospective purchaser.

14. Conduct open houses on a regular basis at the Contractor's expense, for improved

properties.

15. All offers shall be submitted on the standard FDIC purchase and Sale Agreement form.

The Contractor shall negotiate the terms of the sale with prospective purchasers. All

Purchase and Sale Agreements must be complete, and must include all Exhbits includig

without limitation the purchaser Eligibility Certification and Confidentiality Agreement

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(where applicable). All documents should be signed, executed and dated.

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16. The FDIC priar goal is to enter in to Sales & purchase Agreements for 

cash; albeit,

where the FDIC is not offerig seller fiancing. Seller fiancing may be available on

specific properties as designated by the Oversight Manager.

17. On a quaerly basis, review the existing portfolio to detenne the 

practicability of

holdig mass marketing events such as sealed bid sales or auctions. Plan coordinate, and

execute such events to ensure market exposure and prompt disposition ofthe propertes.

Should ths be an FDIC sponsored mass marketig event the Contractor 

will assist the

FDIC by preparg PIPs, showing properties, mailing propert information, collectig

bids, etc.

18. Work with and provide assistance to the FDIC and its designees, includig other

contractors, the Review Appraiser, and others, in the liquidation or mangement of any

propert covered by this Agreement and provide appropriate support to help achieve

maximum sales revenue.

19. Unless previously agreed in wrtig by the FDIC 

and the Contractor, pay 

all costs and

expenses incured includig, but not limted to, al costs and expenses for long distance

telephone calls, presentations to prospective purchasers, travel and entertent in

connection with the marketing and sale any propert. The Contractor is expected, at its

own expense, to regularly advertse (in any meda) propertes that are available for sale.

The FDIC may opt to augment advertsement in parcular for any mass marketing events

sponsored by the Contractor.

20. Prepare work specifications and secure competitive bid proposals for marketig services

where it is determed by the Contractor and the Oversight Manager tht the marketing

needs for a specific propert can be better served by a separate or independent broker.

Provide direct supervision of all subcontracted servces, evaluate compliance with

Contract specifications and adster payment under the terms of 

the Contrct.

Subcontracted marketig servces shall be reported to the Oversight Manager monthy.

Subcontracted servces must be in compliance with Section VI, below, and Aricle V of

the Agreement.

21. Make no representations or waranties, whether oral or wrtten, concerng any of the

propertes covered under ths Agreement including, without limtation, the status of title,

zonig, availability of utilities, ingress and egress, or condition of any improvement,

unless such representations or waranties have aleady been supplied by 

the FDIC in

wrtig.

22. Secure and safeguard sensitive information concernng any debtors, tenants, purchasers or

other pares. Tenant inormation, where properties are leased, wil only be released to

qualified purchasers who have properly executed the FDIC's Confdentiality Agreement.

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In all cases personal information on former debtors, tenants, purchasers and other

interested pares wil be kept in secure locations, safeguarded and only released to the

Contractor employees on a "need to know" basis.

23. If requested, conduct purchaser and/or potential purchaser sureys to meaure customer

satisfaction with both the FDIC and the Contractor policies and procedures, response

times, and other service charactenstics. Tabulate results and present them to the

Oversight Manager.

24. The Contractor needs to maitai electronic or hard copy files containg inormation

such as but not lited to, listing pnce on each propert; showing the intial marketing

date; the curent marketing method; showing the list or askig pnce; the number of times

the propert was shown durng the past month; the number of 

PIP's distrbuted; all offers,

inquines or other activity; the sales agent curently assigned by the Contractor and their

phone number; and any other information which may be requested by the Oversight

Manager from tie to tie. The Contractor shall submit copies of any advertsement,

promotional materials or brochures used to promote the sale of the pro,pertes. The list

wil also include the number of cold calls made with phone # and person contacted.

25. At least.on a bi-weeklybasis review and update the list of 

marketable propertes cared

in the FDIC's web site contaig the followig inormation:

. Propert Name

. . Propert Type

. Propert address

. Propert county

. Propert state

. Askig price

. Broker contact (Company & Agent)

. Broker phone

. Broker email address

. The Contractor contact (if different from Broker)

. The Contractor phone

. The Contractor email address

. Propert brief description

. Special comments

Section V. REPORTING REQUIREMENTS

The Contractor shall provide to the Oversight Manager a copy of each report identified below.

The Oversight Manager has the sole authority to waive reports for individual properties.

Par 1. GENERA - Due monthly by the tenth (10th) day of 

the succeeding month:

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1. Account Officer Portfolio Report

2. Pending Sales Report

3. Monthly Closed Report / YTD Sales By Account Offcer, Reflecting % of Sales to

Appraised Value

4. Holding Time Report - Marketable & Unmarketable by Propert Type by Appraised

Value

5. Unmarketable Assets Report

6. Expenditue by Propert Compared to Budget Showing Expenses Incured to Date as a %

of the Appraised Value

7. Insurance YIN; Compare Inured Value to Appraised Value Express the Difference as a

% of the Appraised Value

8. Compare Assess Value to Appraised Value express the Difference as a % of 

the

Appraised Value

9. Report for Propert Taxes Due by Assets in the Next 60 Days

10. Affordable Housing Clearg Report (if needed)

11. Propertes Listed with Brokers w/Broker Inormation

12. Listig of Tax Foreclosures and City Ordiance Violations Received

13. Inection Report Showig date of last inpection by the Management and Marketig

Account offcers

14. Sub-contractors Hired by Contractor

Par 2. DISCOVERED ASSETS'- Due monthy by the tenth (10th) day of 

the succeedig month:

1. Number Inquires Received, Agig of Remaig Inquires, Time Spent ths Month,

Cumulative Time Spent, Comments

Par 3. NEW ASSETS - Due monthly by the tenth (ioth) day of 

the succeedig month and

quarerly on the tenth (10th) day of the month following the end of each quarer:

1. Method of Acquisition for all assets acquired the precedig month, due by the 10th of the

followig month.

a. Method of Acquisition to include at the end of each calendar quarer, a

compilation of the assets acquired in the last three months, on a month by month

basis and a total of the last thee months.

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Par 4. MATING STATUS - Due monthly by the tenth (loth) day of the succeeding month:

1. Asset Name; Broker Name, Signage (YIN; MLS (yIN; Web Site (YIN; Other

The FDIC shall have the option to amend the required contents of any report or change the

reporting requirements at any time.

Par 5. ADDITIONAL REPORTS

1. Account Offcer Review Report due monthly by the ioth of 

the following month.

2. Envionmental Status Report due monthy by the ioth of the following month, including

FDIC Environmental Codes.

3. Parial Owership Report due monthy by the ioth of the followig month (includig ORE

assets owned by Subsidiar Corporations, Limted Parerships, Joint Ventues,

Parcipations purchased and Parcipations Sold.

4. Deliquent Tax Status Report coverig all ~roperties on ~hich taxes have not been paid

by'the tax due date, due monthy on the 10 of the followig month.

5. Lease Report, indicatíng all propertes 

that have tenants, terms of the lease agreement,

monthy rent and renta deliquency statu, due monthly by the ioth of the followig

month.

Section VI ADDITIONAL REQUIMENTS

Meetigs and the Contractor's Avaiabilty: Periodic meetings with the Dallas Regional

Office may be requied at the request of the FDIC. The Contractor shall be requied to be

available electronically 24 hours a day, 7 days a week, including those holidays which are

tyically worked in real estate sales. The Contractor's telephone shall be anwered live durg

the FDIC's core business hours of 8:00 a.m. to 5:30 p.m., C.S.T. or C.D.T., as applicable,

Monday though Friday.

Section vn PERSONNL CATEGORIS

ORE Closing Assistance Professional

The mid-management staf member is responsible for providig assistance to the Asset

Manager Support Team concerng owned real estate (ORE) at a fiancial intitution closing.

This manager is charged with ensuring FDIC management's instrctions and policies are

fully complied with on an on-going basis. Areas of responsibility may include diect

supervsion of staff and/or provide required technical expertise and assistance to the staff.

Accordingly, this member will manage routine changes in FDIC work load priorities in order

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ORE Management & Marketig Services

Statement of Work

to meet desired results in a timely maner.

Minium qualfications include:

(a) Four year business, fiance, accounting or equivalent degree from an

accredited unversity and five (5) years or more of senior level

managerialsupervsory experience in all aspects of real estate management

and disposition.

(b) Possess an excellent understandig of all aspects of asset mangement and

disposition oflarge complex real estate assets and fiancial institution assets

and liabilities.

( c) Ability to read and understand fiancial institution accounting report

including the general ledger and all related sub ledgers, depreciation

schedules, amortizing asset accounts, intagible assets and ORE related

liabilities.

(d) Ability to read, anyze and comprehend title insurance policies and title

commtments, legal descriptions, contracts, boundar suieys, propert

inspection reports, broker opinons on .value, appraisal, monüùy broker

reports, environmental reports and assessments, etc.

( e) Demonstrated experience in. workig with brokerage and propert

management companes on complex assets and in matag and monitorig

compliance with existig contraetual obligations.

(f) Abilty to deal effectively and communcate with individuals at all levels.

(g) Ability to exercise restrait and compassion toward f.omer fiancial

intitution employees in sensitive and emotional situations.

(h) Ability to maitai confdentiality concerng any inormation gathered or

used to compile report and ensure proper safeguards are in place to protect

any data being reviewed by his assigned team.

(i) Demonstrated experience in implementation of 

policy and procedures.

G) Ability to conduct traig programs, internally and externally.

(k) Skill in the preparation of 

routine reports and forms.

(1) Skill in the use of standad office equipment, i.e., copiers, faxes,

tyewrters and calculators.

(m) Proficiency in Microsoft's Offce Suite Products (Word, Excel, Access and

the like) and the ability to quickly lear standardized softare.

(n) Ability to review and critique the work papers prepared by support staff 

to

ensure accuracy and compliance with FDIC policies.

(0) Ability to manage product work flow of staff in order to achieve tiely

results given FDIC priorities though monitorig staff 

work loads and

moderating tasks assignents.

Title Research and Clearing Senior Professional

The mid-management staff member is responsible for the daily operations of the title

20
ORE Management & Marketig Services

Statement of Work

research and clearg area. Ths manager is charged with ensurg FDIC management's

instructions and policies are fully complied with on an on-going basis. Areas of

responsibility may include direct supervsion of staff and/or provide required techncal

expertise and assistance to the staff. Accordigly, ths member will manage routine chages

in FDIC work load priorities in order to meet desired results in a timely maner.

Minmum qualfications include:

(a) Ten (10) years of 

well rounded experience in the propert title research and

clearg field. Includig a strong understanding of legal isslles affecting

propert title and the curative measures that need to be taken to ensure

marketable title. Excellent understandig as to how the pJopert records and

title companes operate and how to obtai requied inoimation from these

entities in order to research and clear propert title in a timely and accurate

maner.

(b) ability to read and analyze legal descriptions, all relevant legal documents,

boundar sureys, etc. in order to determe accurate propert oVlDership,

identify title issues and implement title curative measures.

(c) Ability to deal 

effectively and communcate with individua at all 

levels.

(d) Demonstrated experience in implementation of policy aid procedures.

(e) Abilty to conduct traig programs, internally and exterally.

(f) Proficient in the use of 

personal computer and Microsofi softare

including Excel, Woi:d, Access and other database program.

(g) Ability to manage product workflow of staff in order to achieve tiely

results given FDIC priorities though monitorig staff 

work loads and

moderating tasks assignents.

21
ORE Management & Marketing Services

Statement of Work

Title Research & Clearing Professional:

Shall provide daily techncal expertise and assistance to the staff.

Minimum Qualifications shall include:

(a) Minum five (5) years of experience in 

curative real estate title issues'

(b) Possess a workig knowledge of how propert record and tax jursdiction

offces operate and how to effectively access the infonnation maitaed by

these agencies in order to identify, describe and obtain the supportng

documents requied to attest ownership interest.

(c) Strong wrtten and oral communcation skills.

(d) Ability to effectively deal and communcate with individuals at all levels.

(e) Proficient in the use of 

personal computer and Microsoft softare including

Excel, Word, Access and other dataase programs.

Title Research Junior Professional:

Responsible for conducting the daly detailed tasks related to title research and real estate

titlecurative operations. Maitai a close relationship to the day-to-day activities of 

the

supervisor and staff. Performs vared analytcal and admstrative duties requirg

. general knowledge of the real estate business as it relates to title research and clearg title. .

Mium Qualifica.tions will include:

(a) Minium 3 years workig with a title company.

(b) Basic knowledge of 

the real estate title issues.

(c) Ability to effectively deal and communcate with individuals at all 

levels.

(d) Demonstrated abilty to accurately follow oral and/or wrtten intrctions.

(e) Demonstrated skill in the preparation of 

routie analysis and reports.

(f) Knowledge of techncal and fiancial termology to properly classify

materials.

(g) Demonstrated skill in the operation of a personal computer and Microsoft

softare such as Word, Excel and Access.

Section vi SUBCONTRACTS

Contractor must maintai a wrtten program for insurng all thd-par services reimbursed by

the FDIC are acquired at competitive prices. This includes maintaig appropriate

documentation and files available to the FDIC, or its designee, for inspection. In order to qualify

for cost reimbursement, Contractor must comply with section 5.1.2 of the Agreement, Other

Reimbursable Expenses. All expenditues equal to, or greater than $5,000, must be approved in

advance by the FDIC Oversight Manager.

22
ORE Management & Marketig Services

Statement of Work

List of Attachments:

Appendix I:

Appendix II:

Appendix il:

Appendix IV:

Appendix v:

Appendix VI:

Life Cycle of ORE

Curent Inventory FDIC ORE Propertes (To be provided at a later date)

ORE System Data Fields (To be provided at a later date)

Samp Ie Inspection Reports

Sample SOW - Title Report (To be provided at a later date)

Sample SOW - Broker Price Opinon (BPO)

23
APPENDIX I

LIFE CYCLE OF O.R.E.
t:

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· Secure the property

· Manage the property to maintain it value

- Develop leasing strategy

- Winterize, maintain in salable condition
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.
APPENDIX II

CURRENT INVENTORY OF O.R.E~

(TO BE PROVIDED)
APPENDIX III

ORE SYSTEM DATA FIELDS

(TO BE PROVIDED)
~ .

. '\

.. o 00 2-'1 r) g ($ e.

ú:-- :: i5_~

Sdle~:Mklii Pi op Nlgrnt Budgel I d_ Kent I elemklg I'drticipdtion~ Core I dble Mdinl Heporls Noies Ilorne --~~ët-~----~ nssel Sci i MktR f)dld I Pending s;;~ ~'ciosed Sdles , i nÎ~ I; iens I ~ scrow i Sai~~ Nliiml I Valudlion i ,'~ -~- ~- '.. a D ~

- -

Ast Niimber J~00.H~~03101

pro~e'ny Ñ~'~~ rBAK BL.O ~~~

. ._ _..O~E s,~~~. Pending Sale

FIN Name SUPERIOR BAK FSB - - ...- -- ---" ---

Addre. lIne1 440 E OGDEN AVE

Addre.. Line 2) . h'_ ei1.St;e.-Zl~-iHINSOALE

Connty JouPage

A~~nlsl~~~ Me~'C1eÌh¡ëankClO~in-Q' _

Allordable Housing

Code

M~rk~'tl~9 AO))~~g WqodW~d "h'_ -..

- -- PMAO'MÇ..i:ORRo.BE~~_ ._ '~h

ie~in9 AÓ J .

, p~;~~nt Ow~ed Ji

'-=~- ~::;;tETAVAN.C(RPOPATlqN i

Net Appr~ved .,;. JI3.025.00000 .

..' - -- GAV 19o~5..o0~cO.o. n.

_ M~rket~rl~el'4.200.00000 r=

~Ie !~ ~~m~.Of. Federe) Deposit Insuriince Corporiition. 118 HecsÌVr i

_ ~esp~",~~~I~,! ø

CollaleraVProp Type Off .,. ,wcOiI3iea~~r~pW

.10 NAIS ConfroU )~00112700903

.~

!.... --

..

Sale Code

_ __. _._ _.1

r(6021 I er~di~ioc;tlon t¡00

:3 i

L Date Receiw~. 0~/241002

I Date Acq .07/22/2002 ---. ------_.- '---.

I AHDat.;:~ -i- --' ...--- ,_--:.-__.1 ¡lead Participant -I

¡.--.--_... ..- Participation

~pôliitCit-l" ,.

_i',' -'~r~or ii;i~'rg__

lORE Ref Hum SBS2005 .

! -B~I;nh~~G-;~ S1.34.598.19 i . . . .... -- ...

-1. _;;~~~~~:; ~1.534.59819 i Marlet.ible ø

I Wrlte.(" Anlt i

l v

PiiClpiits 11 Prpert ll Event HlitOry II Comment el å "d LOCal renne

~
~. J Ell! 2~ ,j"J tt lf 8.

l?' - (1 x . r- - - .-

S.los,Molg I'iopMnm1 Uudgel i.x Rent lelemolg I'.rhcipai,ons rore tdble Mdinl Heporls Noies 1I0me

Asset Sci -----IM-;)(la Il'cndin~ Sales Il~~sed Saies iinie ii,;ns II scrow I Salos Mgmt I Vaiiiation I - ---- - - ~D-l:~ . -- --------~-.--ÃSStä-----.----- ~--

~RE S1a1l.. )Pending ))018

FIN Nam. SUPERIORBAKFSB

Sal. Cod.

Addr..lIn.1 ~~O E OGDEN AVE , .,. -~---------_.,-------'--

Addr..lIne2

._ _~ ci~.~aie. ZIp HINSDA . IlL 160521 r

. County )Dupage

Acqiii.lton M.thod 8onkOosing

. Atioidabl. Ho..ing

Cod.

Markellng AO Doug Woodwcid

. P.IAOJVÇT9RROBE_Ri: r-

- le~ln~AOL _ ,,_ _' ,... "T-------

- - --l- == -

p.icent Own.d 100

_. -'- S.~~.;~ETAVANTECOF\RATION

FÕiCÕ~~~I~~~ _ ::

H.i Appiov.d Val S3,025.000.00

GAV S3.025.000.00

r---_..

Ci.dltloeallon ~OO

. Dilt. R.eelv.d l~~2~002 .

I . Dal' Aeq 07/22/002

i

f

¡ ~'ild p¡it~~~.nt .

Paitlelpiltlon

~eipiini Cnt.

~ Prior i~.~ .i 0

i -. ORE R.f Num S852005

I .-.

1 Balan_c.__~r~- S1.534.598.1.9

Balilnce N.t ,'1.534.59819

Hum of Piop. 1

Maik.tabl.i ø

Maik't Price S4.200,OOO.00 I

TIll. In Ham. Of Federal Deposit Insurance Corporaliort as Receivr

R:"pO-MlbílhY.1 ø' -. ,. .,' - - ,.' - .. _.' .

Collat.I.i\Ilop Typ. OFF ,

. Coiiãi.iãiipióji 11 ~

Code -- --' -- -------

PIOp.rt O..e i BLDG & LAD

c~~,_:o! Ami.

Wrll..OIl Oil" -'

.V:

Pe.dpllts U PrOPilrl li Event Hi ¡tory lL Comments

ai , ii 'd ioc rtiinet

~Dc
~ .

,,\ o o 00 2:' .1) Û ~ A.

17: _ " x

u: ,-- -- -

Sdle..?o"lg Prop Mgrnt Budgel 'dX !lent lelemktg I'drticipdlion. (ore Idble M.int ftport. Nolcs lIome

A~set Sci I Asscl Oatd ¡-- pcndin-g Sdle, ci~i icns IEs~;-~~Salcs Mgmt Vahldtion I - - - --- -. tfc-:¡- - - -Marketing Data

"-r Nunib.r1600....445031 01 -10 _

- Pr~~.~ N¡~. JBAK BLDG & lAD

- - - - ORESr~¡;; JPENDING SALE

Sill. Cod. Due: r. _ _ _ - -

~ Lla1~9Br~br I DRAER AND KRER I ~

-_ Adiir~ L1n.')33 w: MONROE ~ET = -

-.--~~:a;?~: i:::~~O~ . _hU ._ jL;60.60~401

- _ _ ~kt9 Fiy~~-I 0

_ Mktg_ Broch~ir~ 10 _ ~ ~ _

M.ikellng Due: r

S~I~ Tie:-kl.~ t .v J

HAiS ConlTolli )200112700903

L__ __ _~ill. Cod. ¡

- ------ -------_. -- -"ì _. .-

I Phon. )(312) 580-528

i - - -- F~1l Ji 2) 795-278

i Ord.r Dar. 12/1/2007

I ---- -Etfe:lv. DiI~-Q1F.l/2008

I- -S~ill.d~I/::~~~~t:~=--= J

i

,..- . Ti~-ki;; D~r~ I ::

Cal. Nlmltf

i

: CMe o.. : MehO

12n 310071 ORE BROKER SAE

0510412uu51 ORE BROKER SALE

,t§ff.li"ii¡'.

En Dole bk Plk.\ MI Ofer : II FlrmN,iin.

,¡0Iz98

o 400-0091.0~

AQnl Nilan. :

.'

Phon.

Add Delete Comments

&: - ~ 'd iocal rian

f; Do
~ . \..) El 00 ~~ rri 1:~; p.

(.~ ,._, s_ x

Sdle,,'Mklg Piop Mgrnl Uudgel Idx Henl lelemklg P.,iicipdll0ns (are 1 able Mdlnl Ilepo,!s Noles Itome --------~---...L' _......_------ --....---- A~.ei Seiiii.se! 11-;;;1 M~iosedsdies iirI~~mllVdIUdl'O~-~ -- :- irD-:¡

Add/Edit Pending Sales --- - - ~- - - ------- - -- --- ----

Aset Numbe, 600""~"S031 01

P,_o_~eit ~oln~e eAK ~LD & LAD

. ~~ _~l~l\_ t.l)~,"-g ?~iii

'So'l'" C_il Dolle , 2l3/2007

'Sill.. C_ Eiip Dolle 1_~1/2a08

Dale Olle, Accepled 05,8/2008

_Jo~ NAIS Coni,olll j200112700903 _ _

_Sll~~ C~~el

Oeicilpllon I

-, s~I;;ëil; Ñu~;1;SOQ003:9~¿_-

- P~~~~~~!.I 0

f~~.~bii~iy_Eii~~!e_ ~~~7l2908 ¡

.CORUac1 Amounl - $3.050.000.00

'GAV $3.025.000-00

. - -t:õññiici Amiu ~. 10083

01 App,oveci Val. _c-

.. E~in~ -M;n~y j$1_52_,50a.0_0

fain", -M'õiie' aš". 5

of Conliac1 Am

E;,;;;I'Mon;Y- Holde' rFDIC

- - - B~oke, Comp~~y (DRA. . RAND KRER

Contolc1 Nilme JLerry Cohen __ - ' -

Anorney Name Kersch Smith

Financed Sale ~i

Financed 0

Down- pqin~iii¡ .'_ __

Inie,~ Rale rm ---- - - ..

. P,oJec1ed Closing Dolle 08/6/2008

~

re,m L ____

Amor1iallon

Phone~

Add U Delete L ¡ Comments

-~ ii ' \J LOC. nira,wl

r;Do
~ .

'.\

'~ 8 ~ ~~ J~ 't ~f r'"~ .

.....

(¡ r--'!-~

"-" ""'''Nhl''''03101 " !

Proport Namo BAK BLDG & LAD ;;,~_,:."::~ "".d,..'."_ " " -Ü-

-. _. Piidi~ior .o~g 1 I

Addr..lIn01 ---.-----1 . . _ Ad~~~ li;~ ¡

---_.._--: ,_.~

Coilily

NAS Conuoll# 200112700903

i --_. -- S~I;-C~dO

D"crlptlon .. _ _._.___. . .__._

Contract Detail

Financed

.Salo Price

i.. Flnancod 10

.- . .- - ..

Comnii.on

Financod Total i

"110 Promhim -:

Down P"ymonl - ..

Sal" Propony Taii

In,oroa Rato

. ..

Otlor

Inioroa Typo

No' Procoods -

Torm ,

Sal" Contracl ~~ Approvod ;()

Amortz¡¡tlon

,

. - -

L.. -

Paymont Porlod í

Rocour.. r

~

:vn

-1--- _.D~;~E-;;;od

iC~~----- ~¡¡I~¿IO'~d . I Poatod Dalo

I _u_ h ._d 'P~rt;IS~I~ 0

.

I

Tltlo Cioiing Firm

. I !~

Add U Dele18 11 Comments

~

il ri 'd Lo I"_

~Do
~.

,- ~ '0 El ¡!::ti iì 't l( rS.

!)~

Sdlcs,'Mklg Pi Op Mgrnt IIl1dgel I dJ( Hen' l clcrnktg Pdl1iCIPdtIOrtS COfe 'dblc Mdint Reports Notes llome

Assel S;;,;~~1 ri;;;;;-Mkt-;",-. Pending Sdie~ l~ -- Idle ,';n5 I ~scrow I s-.i-e-s Mi1mt V.luation I -- -~ --- D D ~ . -. -- -- :--~~ ----------- -~-_. ------ ---- --- --- ~- ------- - Add/Edit Closed Sales .1 \1 ..,

P

A

A

urch_rOrgl I 1--------- . _ _ Date executed

:~:~:~E

J

I

Date CI_d

,

._- -- ... . - _.

Po..ed Dilte

I

_.- .... -_. . -- -- ---_.

Plii1ill Sille 0

.. State. ZIp I 3J J

i .

County I 1

Financed

! --

Flniinced 0

, Financed Total !

i

. .-

- .. . ..- J

: _.

Down PClyment i _.._- I

¡ lilt. i ea Rate _.

- - .--

Inter." Type

Teim

-

-

- - -

,0 Amonliition ,

Payment Period

R.cours r

'Sale Price

Flm

Contract Detail

Commi.on

. T1e Premium

Sale. Prop.rt T cix

Oth.r

.,

H.tProc....

Sal.. Conti;ict'" Approved

T1. Clo.lng Firm i

Broker Com~an~ . DRAR AND KRER

-- _.. - -_._.._-_.__._~

Milrk.tlng ...thod

.- - - ------ -----

Oat. e.h Recelv.d

l~i Seled I ~-

IVI

-1

."'

L Add I i Delete U Commenll

61 'd Lo.hitii l, ()
~ .,) B 00 :~~ ;-'î 't llf (- .

f? ~-:_~~

Plo~~11 ~~m~_ eAK BLD.a & LAD

ORE Stiltu PEND

TItle In Name Of(ederll Deposillnsurence Corporation. as Receivr

TIe oiciei Oilte r

-ii;i~-GFÑ:II~b;IJ11'1ì I

Deed Type (Empty "

'TI. Co Name FIRS AMERICA TIT INSURACE

~w;i___._._J

:- 0; o. -I

r Ef.~k,; DiI;;T 5/2005

i Tl1~ Ci~i1-i~d-i 0

_.'-. ~-

Addi_ Lin. 1 27775 DIEHL ROA . .. ....-

Addie.. line 2 SUIT 200

Clty._S~". Zip -~~~J: .__ _.. It: .. 60555.__

--

¡-----.--~630 ) 799 .

i Phone TIle Co Contaçt Mei Sapone I 7105

Malk~I~~ AO Doug Woocld _

PM AO VICTOR RO~~RL___. _ ._. _ _

cancel

51 , ~ 'd iocal IV_ ~Oo
(~n ,:.!-._

CpOils Notes uornc Mgmll I ,. IDD~ --~-~--- - &-

HAIS Control II 'J2001.12700~03 .

Appr Variance 'I ---. ,'-'---~

Su~yoi Name .-.--~-- ." - . -_.

Oider Date

Peifoi~ed Do1te F

Elwi..H ':

ORE ALR Amount l2.9?-4.9.91 :5L..~___

Appro1lsl Review ø

-_._...-_.-

Sale Code i

_._---_._---_._-

Appr Land Value' $91 0.000.00

Surveyed Flag 0

Remedlo1tlon Agmt ;:.

,-- ._. --_..._---_._-.-~.

I High Risk :.

. r' .' ORE ALR Dilt~ 09/04/007 I

I R~vlew D~~eI09¡ÌÙiöo~ r----

~

Inillilted D,iie APplill'¡¡1

Ordered Do1te

Äppialsal

Diie Date

Äpiir,,¡¡¡

El 0"" æt7 Appialsl Villue , Appraiser Niln"

r- $2 750 (X 00 I Argianas & Associates Inc

InNPS Ò

11AlSl7 I æII $3 ,02 ,(x, 00 Appraisal Revaw 1

i

1011S17 I

I CS7fl7 I

$3 ,30 ,(X. 00 GREAT REATY ADVISORS F.'

0712112 I

I 07..l2 I

$2 ,50 ,(X. 00 Appraisel Revew

-

I 07/1412 06Æ 07m1 0710712 $2,D,CXOO ARGIA & ASSOCIATES INC

0611515 00 07m1 07f0 I

52,700 .0,00 GREAT REATY ADSORS

09127124

~'

æt00 I

$2,750 ,CX. 00 GREAT REATY ADVISORS

08Al11202 10000 i

$2,750 ,(X. 00 LaSalle Appraisal Group, Inc. ~-I , .V)

101O12007

Add Appraisal JI Commenl& II CNS VeJullÐon

5: , ~ ~ Loolinon.t

~Oo
~.

'\ '0 o ~ 2~ P Û ~l r~. ú': - (Y x , .-

~dlcs,'Mklg Piop Mgml lJudgel I dX Renl i eleinklg I'dilICIPdllOllS CAL c Tdble Moii'! Ilepoils Noies Itorne

A$çe~ -r;~pcltyM~~crnen1lnroirnd110n IF~lonrncnIdïOa1d i H,ghRiskOdta HIS I~----- ~---~. DD ~ - Propert Description

Aa.i Numb.i l600~44~503101

Piop.~ ~am. leA~BLr~ & l.D - :

ORE Statl. J~ending Sale

PM AO MeTOR ROB~RT

Piop~ñyr.yp' fOFF

Gi_ Sq Ft G 8276 1

Ntl L...bl. Sq F;§O

. 'PM O'uaiítliy 1st I 01/15J00~ I

.i!,!~~~'.!~~

R.nt Roll: '.

. .. : Ie.. . . _ _ ~~ Conti~11I J2~01 1 27ee~03 .

i

I-I

-----.......f.. Sal. Cod.

PM AO .Nun~ 148000

HOA Dii.. i

Occiipi.d s~ FI~

. M~~tb~R;n~'1

1..-- , PM-~lid¡;T

l

Mowing Conti 0

PayTalC" ø -

Lol Sin I

Hiim of Bedioom.

... .. . P.., "";"~'1

T.iian' Nam.

- --~~ ---~M-:~E'~~~:: .

ì

I

Commenls

51 , ~ 'J iou irWl

c!Do
~ . \. ø ~ 2'~ ;'J tJ ~ ~.

ú.'¡~

Sdlos.Mktg Pi op Mgrnl Uudgo! I dX Hent I elernklg Pdlt,clpdliOn. Coie i able Moii! Iloports Noies Ilolie A~s~seIIPropeltvoc"riplionl - ~- - E ---;IIIiQhRJSkOataINISi- --~ DD~ - - ~ - -- Propert Management Information

AtI Number 60044H503101

Propeny NaRl. BAK BLDG & lAD --------ORE Slatu . PENDING SA

I 0 NAIS ConlTolli 200112700903

Sal. Cod. L _.__

ABt ~~ntTadO~ ~i1m;i

conia~l

u_~~~-~::~~¿ j

~~ eo~'~~;~N:~~.l DR,R & KAER

.Ã~~.;f.~:~~ r;::;;ST

Addi.. LIn. 2

-----_+-.- -._- ---- ---

City. SIal.. Zip Gi~~O --------- -::

On Sit. coniad~t; I - . - - - F..~ Ãmount I

-~~--~k.i êo~p~;y tF~D_~e~____ -

19 i

r

r -

Phou. !(OU Et~di.Î I -

E;piia~~n-I J 'Lr¡ll

I

~

J

i

IL. _ J ~~~Q.354.0!._; 1--.----Phoii.!t~

r .. __u___ -I i

Fo. Strudui. P.ic.nl

- - -------B-;~b; Pi~~;;- (~)_.~_~~

Subsdiary ID

Siiiildiary 0

Siibsidiary Nam. _

- -5".;; AO-N~;J . 1._------_. Sub AO Niimb.r t_

Comments i

.61. i ê. "d lee"""_

iieo
~. \ o EI ~ :./~ , ;~ û ~) , ~.

&...,.-~

Assel Sell Propertyflescriploon I 

SJles,f.kto 1'1 op Mom! IJudgel I ax Henl I elemktg I'JrlicipJlIOnS (oie 1 Jble Mdint lleporls Noles 110me -~- --- --- ------ 1'1 opcrtyMJnagc I I1rgh RJ.k Ilaia i NIS I ,. D D =i

Environmental -- ---

ItIS Conllolll ,200112700903

AsiiHumbir

PIOPII1 Hami

Checklist by Appraiser

Envlronmint¡¡1 D~tõ UPd;; 2/04/007

(Empty

, Rsce Code

I

§ ,a' """"4 '¡".iÐf

Risourci Description

H¡¡iaid Codi

SOl

UGST

Ofdired C:::

~~~~=~~.-=~~==~-_ - 'compiet~d T - I

Cost Recoveiy RicoulM r: ¡ .

Riqulrid by St¡¡te & Loc.:l Gov . R

Fu~e_i Inv"-19¡¡t~0!1 R._iqlilledl~lndln9_

LlIlg"t1onllenfNodcllAdmln Ordei

.,m'VJidii,biit'li"i4'it'liIili,at.¡.~ ,

Orderid

- . . - - __0'_ .. _ - - . -, - ".... . - - . - . - .. Compleiid ' ,

--------- -------

Envlro Checklis Exp.nditur.. $1.327.72 c: . '. - .- - .. - - - _.--

ToI"1 Envroinini.1 Expindltull. $388.853.72

J

, '--ëo~pl~t';d D.:li J'

-'

Range of Ex,i..s! From 1.250.00000 I~I $650.000,00 ."J

Riniidl,,1 Acton Compliiid R; Compleilon D¡¡Ie 11/1 ~/2007

Ordered Daii I

I

10/2/2003 I li 2/2/00~

102/1/2002 1 05/01/2002 07/28/2004 1 i 02/1 9/005

I I $67.040,00 S320.~86,OO

Pha" I Ph_II' Ph..iii Other

,..

Delel8 U Comments I

51 I ~: 'd lOoi rtanot

lJDo
Soles,1iklg Prop Mgml Uudgel lax Henl IclcrnklO I'orlicipalions Core lable Mdint Heporls Noles Itarne

Asset SCi II" apeiiy f)CScliptlon-i;; opo,iy Mdn~gcmcni i';~, m-;~- --- I High RIsk iidl~iN - - --- - - -- - ----. aD i: - Environmental

~. û o ~ 2~ ;-'l ft ~ e.

MMt Niimber 600~~~~5031 01

r;-~x . .-

ì~_.

NAIS Conllol/l 200112700903

~

_ Range of Expe_ : Fiom 1'250.000~ J~.$650.000.00 I

Remedial AC1on Completeii '" . Compleilon Dolle 11/14/007

pio~eny Name. ~~!:Q!~

ORE Stan. Pending Sale

(Empty

. H:iaid Code AGST Abov Ground Sloriige T links

SOe ASBE Asbesics

UGT DISP Disposal Siler"iidfillB/urfli Impoundmis DRW Drinking Wiler Conltiniition

GRND Abov Grund Storlle Tanks

GRW Ground WilIer Contiiiniition

HAHiiiidous Siibstace Miinagemenl

HIDC HisloriC8 Disposal. Contamination

HIST Hi$1ricai Disposal. Coniiiiniition

. _ IDBP Leii Based Point LELeii

NONE None

NPU Nationii Prorites. Ust (eg. Superfnd

. _. .- -' - NPl Naionii Prorties Us! (EG. Superfiind)

OFSS Off Sile SOlircS -of Coniaminllion

PCBS Polylorincied Biphenys

PEST Pesticides

POLY Polylorinlld Biphenys

RAi Rciiologicc Hllards

RAD Radon GIlS Hciiids

- soie Soil Continillon

UGST Under round Slorc II Tiinks

--- .- --_._---" --- _._-_.__.- ._.

arm,ialif3tg¡i.sUiJ§eÐlmil11\~'

Ordered

- --- ...-- ....., - -- . -- ...__.. r Completed I

EnYlio Chec:ldla Expendlties 1.1.27.72 J ..

-TOlo1l Enviomentiil Exp~ndl1lie; Jš853.2..

2

12/12/00~

05/01/2002 02/19/005

,Y;

im

Dele18 D Commenls J

5J I ê. 'd Local ~an
~ . (J 0 00 2'~ ¡;'J û~) 8.

ir¡~

- - --- - ---- - --~-----~.~- ~ SJles,MklR I'rop Mgmt lJudgel I JX Kenl I eleinklR I'JrllclpJliOris lore i abie M'Int Hcpor" Noles lIome

Asset SOL i Pioperty Description I Properly Manage,"enllnfo""a1Ion I Ifligh RIsk flala , NIS I ,. ir D ¡:

Environmental

Alil Numbir 600~'l~~5031 01 __ _J ~_.__

NAIS Control II 20~1 a7.Q~~03

Proplny Nami

(Empty)

AOUI Sole Source Aqu~ers

ARCH Archeelogical Resources

ælA 50 Ace Lend Under Coest BlYsr ImpravmsntAd

COAS Coesta Dunes &. Beeches

COBU Coiitei Bllriiir Unit

ENSP Ende.geriid Specss

FL Undevloped Aoodplains

FYAC Fif Ac Le.ds

HIST Hisloricol S~es

. _ HSPR Hisloricol Sites e.d Structures

LNDK NoIrc Le.dmiis

NATU Recnebonel. Wildemus AreM. Neirolladmii

NONE None

I . RECR 

Recrectonel Arell

. _ RI Wild &. Scenic Rirs

. r: SaN Scisntific Volue

r WEn WeUcndl WLL Wildemess Ares

. WLNWildemeliArøes

. .. .

Orderid ¡ ,

_. C~i~piet;d' I

Cos Rec:oY8ry Recourse i C' _ .. _ _.... 1

Require" by Stale & local GOY ,R.

__' _ __ J_U!'~I .In~~lii~o!'~!~~lredlpe~ii~~ ._"

lUlgildonlUenlNotice/Admln Order

,.'

I

.72 _ ,

Ord..ed Date 10/22/003 1 Z/2/00~

Compleied Date OZJ1/2002 05¡1112002 07/B/200'l 02119/005 ----------

..

Range of EXPIßMI : From 1'250,000,00 1~1'650.000,OO I

Remedial Ae:on Compleied ¡:. Completion Date 1111"1007 ,~

DelelØ 11 Comments i

51 , ¡g ~ LOCI! nt..

tm
~. 0 El ~ C:~ ~J Û ø fi.

&'7 _ f9 x . rSdle"Mklg 1', o~ Mginl Uudgel I dX Reiil I elcrnklg !'d'he,pdl'OIl' Coie I db 

Ie Mau,l Reports Noies 1I0me

Asscl Sell sum';;ryOdld -- I C'umuldl!I Deld'il Hudgcl CdSCS iiiefdull-Aeeount~ 1 - --- -~ -,-;OD:ir ---- ~ Annual Detail Income and Expense

Al, Numb.r 6004444503101

PIOp.lty Ham. ,BAK aLD9_~ LAD.

ORE S.a.. PENDING SA

- ~ ~. ~~:;!p~~;~j¡:::' F.... .

____.__._. _ __________- --... ---.-----.---..------ ---..--------T-

... To

NAIS Coolrolll 1~~0112700903

5111. 'cod~l_

'B;iii~.; Yeir' 12007 .

'Pr~~~ny -T~p; lO~F.

rr

Biidøtllncom. i lludo" EKp.n..

Aetuallncom. AetuOlI EKpon..

i. . S459.9000'p.. _ . I I

$607.000:00 I

r

$495.?5.960 I L . S!6.m23

.

. . .

J Accounill Accoun' D..crlp'lon 1 Inc: or Exp AniliOlI Budii.' YT Tolal Budg.t R.miilning

0 4it0 Incomi I I 5459,90.00 5495,35.60 ($3.459.60)

0 5210 AccounlinglAudil Fe.. E ~ 55.(.OO SO.oo $S,l.oo

0 5240 Other Contractuil.Fundid E $17.(.OO $0.00 $17,l.00

0 525 A¡praiul Feei

E 52.0.00 $2,30.0 52,700.00

0 54S Propirty Tixes E 54,r.oo $0.00 $4S,r.oo

0 5410 Maintenanca &. Rapairs I

E 51,lD.oo i $14,348.36 ($1,34.36)

0 5413 Ground. E I

SO.DO 55,480.00 ($5 ,4ID (0)

- .

0 5414 Utilities E $47,00.00 $37,2.87 $9,73.13

0 5415 Mist Opsrating E $26,l.OO $700.0 $25,T.00

0 5416 Management Fees E $2~ $16,00.00 $10.lD.o

0 5420 I Erwonmenlal Remediation

E I $4,ooioo SO 00 I $4,lD.oo

~i AddAc ii AddDef'lt i OeleteAcd :( OeletiBudglit II View 

Ac Trans ii Prnt Budget l~

. lS . :i. "J Lo. in_ ~Da
;--Gili' Acco~ClJPllon

Notes Payeble

l.gal Fees

Oul'O~Pockei Legel Fees

Legal Fees. Defensive

Atcountin¡¡Audrt Fees

Other Contractual-Funded

Contr/Other Prof Seiv

RÆ CommlBroker Fee

Appraìsal Fiee

T rIVI-Regulir.LJ.F unded

Travel- Regular. UC

Properly Taxes

Maintenance 8. Repairs

Improvements

Grounds

Utilitiee

Mise Operating

Management Fees

Environmental ~mediatìon

Envronmental Assessmenl

Condo F eøsIOA

General Qfce Equipment

Insurance

Adrlising For Rent-Fund

AdSrlising For Sele

Filing 8. Other Courl Cosl

Morlgage Interest

Suppliss & Materials

Notis Payable

Atcrued Inl 3rd Parlin

o

o

ro

o

~o

o

o

o

o

o

o

o

o

o

ro

o

o

o

o

o

o

o

o

o

o

o

o

o

~ (§l.t, n, ,.,1 fl...

25

520

521

52

5210

5240

5240N

5251

525

530

53L

540

5410

5412

5413

5414

5415

5416

5420

5421

54

541

55

55

553L

554

5W

56S2S2

~:.,~i:t..

IndE~L

E

E

E

E

E

E

E

E

E

E

E

E

E

E

E

E

E

E

E

E

E

E

E

E

E

E

E

E

E

E

~

1 ~.jE.,J,"~' ,,"', ~~ '; h= ~,.t!H' n,,' \ì. ", Fl1
o

o

o

o

o

o

o

ro

ro

o

o

o

o

o

ro

o

o

o

o

o

o

o

o

o

o

o

o

o

o

o

o

o

m- ~ Irt.i ril.", .. ìJI

S2S2

S&s&S5

5510

8540

95245

95251

S54 S5

SSS5S5

557 S5S5

. S5 S5

ss

95410

. S5411

5513

5514

5516

5517

5520

854

551

95479

S52

551

~:.. ~"..r. __ .

Accrued In1 3rd Pertiii

Pymts . Intercompany Pay

Selari.. & Benefiti

Piyroll Tax Expense

Legal Expense

Accounting Expense

Other Contractual Fees

Temporary Alsiiiince

Seles Commisions

Other Semng Expenus

SUMlY & Testing

Appraisal

Dispoiilion & Collec1ío~

_Data Processing

Trtle Insurance

Travel

Oepreciation

Amortization

Property Texis

Mortgage Loin Tax Penilty

Repeiri 8. Maintenance

Janilorial Expensa

Grounde

Ulilitin

Property Management F alS

Securiy Expense

Coit of EnvronmentellSS

HOADues

Equipement Rentel

Telephone

Insurance

Postage

E

E

E

E

E

E

E

E

E

E

E

E

E

E

E

E:

E

E

E

E

E

E

E

E

E

E

E

E

E

E

E

E

~

1...J.p.,Jq""""J"'o ~ -: L. ~,/(§" n~ \j II..HI
0 854 Legal & Professional Fils

E

0 S5 OIce & SuppUes

E

0 S565 Miscellaneous Expense

E

0 S5 Business Tax & ucsnse

E

0 S5

I

Franchise Taxes

E

0 43 Income

I

0 5435 Renlallncome

I

0 54401 IncomeIerchandlse Sales

I

0 5402 Incomelood & B..rg Sales

I

0 S4415 Misc Income

i

o

roi

roi ooooooooooooooooo~

8526 S5S5S6Só

8&05 S5

8510

5511

5513

8514

85416

8&17

8&20

85444

551

8579 S5

8521 S5

S5523

Oala Processing

nii Insurance

Tra-.l

Deprecialion

Amortization

Property Taus

Mortgage Loan Tax Penally

Repai~ & Meinienance

Janitorial Expense

Ground.

U1ilities

Property Managemenl Fees

Sacurity Expsnse

Cost of Envronmental ISS

HOAOù81

Equipement Rental

Tilephon,e

Insurance

Poslage

Bank SIMce Charges

Adertising & Selling

I Oeer All J I SIi\1 i I Cacel J

EEEEEEEEEEEEEEE

I E

Ff=

I E

I E

I E

~

'Ij

.1

-.,vi
~ .

." :

o I

o

o

o

o

o

o

o

o

o

, " '0 El ~ ::~ . )-J t: ~ e.

_. _ 10

4ñ~

r

HAIS Contro 1# 200112700903

S"'e~Jfklli Piop MlIlIt Uudget r ax Kenl lelemklg I'drliClpdlion~ Core Idble Mdiit Hepor1s Noles lIome

lI~sei Sci i Summary fJ"'a i Annu~llJe1a;i CU';UldlM' 1J~;:i- lOdUn Accouni~~ -~ - - -~D :¡-

- -- Budget Cases

Asel Niimber 6004444503101

.- - --

Propert H¡¡me BAK BLDG & LAD - '. - -'....

ORE Stall" P~Np'INÇi SA

r-

- - -_. .......

- ..

Sale Code

--_.. -- --

Budg'tYear 2007 :

.- . -

. . ..!

CiJ Niiinber 40230G'M

2S1 'M

25201

lOoo 12-lI)GP

4000259.05-SR

45004280:lSR

Af50-028J.SRR

AMlOOO'M-D4.$R

450-J258-C:lSR

45002559-02.s

C_Type

LE

lES

BUD

. BUD

BUD

BUD

BUD

BUD

BUD

BUD

~

. .

Dille Approved

02W2

0011l2

. 121191 0:w

12~2 12tn

Q4flf2

101121 03

Q821

EKplratlon O;ite

O:11216

00111212

12ß1127

12ß112

12ß1fl

12ß112

12ß112

12ß112

12ßlf2

12ß1f2

Approved Eipeiidliiie.

524,160.00

519,90.00

$312,90.00

$S1,ia.00

5497,40.0

5176.50.00

$3,lXioo

S2,cm.oo

$9,700.00

598,750.0

Add O¡;lete

é!Do

61 I ~,'dioc"rt_
~ . ¡j B ~ :f~' ;-0 't~) ~.

rrc--~

SOJIC'l~klR Piop Mgml Uudgcl 1 ax Hen1 I clcmktg l)iJrtlcipa1iolis (OTC I dblc Mdlnl Hcpor1'i NOIC'. Ilome

I\.~-ei s.;~_. ~~~~ Piccessing I Adlusim"Zn1~ I summarvvi~w I Piolesls I Juiisdietions I - .-- -- --- . ~ :- aD:' ~nts---------~-

Ase' Niimber J600....445031 01 _ . . .

. . P~O!¡J ::~~f;~~~~ ~o

. .10... ~J..._.

\. .

MIS Control Hum l2~01.1270.!9~3_

. ... Sale cOd~l

Pay Tax

#iiYWQ'i

'JuJltdlctlon Nam;IDU PAGE COUNl

. _-.'0 -- - - .. o' i

Parcel Niimber ,,,I

Ti\

Vei

2005

2005

2005

1005

2005

2005

2005

1005

1004

1004

2004

2004

1004

2004

2004

2004

1003

1003

lint

.Niim

81

B2

81

82

81

B2

81

B2

81

B2

81

B2

81

B2

81

B2

81

B2

i Saip ; Ibn

Adl Ibn :

lI Do

Pólcel Nur

I

OQ012,2006

0901212006

09012~ 3001

0901113001

0901213002

0901213002

0901213003

0901213003

0901112006

0901212006

0901213001

0901213001

0901213002

OQ01213002

0901213003

OQ01213003

0901211006

09012'2006

A.....dVó ~ lnainl T ot

S2.046.65

S2,04665

12,046.65

S2,046.65

S12.98~.07

S12,983.07

S2,046.65

S2.046.65

S2.046.65

S2,046.65

S2,046.65

S2,048.65

S12,983.07

112.983.07

52,046.65

S2,046.65

52.046.65

Sl.046.65

i RKord PS I OR i PInt I

I St.... i Ei Plot

OPEN ¡ . . ¡cr . r

OPEN I== . ~::~o_i~~'

~ ", í OP£:N I _ " . OPEN .

OPEN I ::

OPEN ._ ~

OPEN -

OPEN

OPEN

OPEN

OPEN

OPEN

PAID

PAID

S8Q.060.00

S89,060.00

S89,060.00

S89,060.00

S564,960.00 · i

S564,960.00 i

'U,060.00

589,060.00

589,060.00

'89,060.00 .J

S89.060.00

589.080.00

5564,960.00

S564,960.00

599,060.00

589,060.00

S8Q,OeOOO

S89,060.00

IYJ

",i

~

I'

Setup Tii Recorda U Duphciits Recorda

es i ê' 'dlOalrtlO
4j' \. L: ~ c!i ,¡; û ~ (~.

r;-~x . .-

Sdlcsi'Mklg III Op Mgrnt IllJdge' I at Hrnt I rtcrnktg 1'¡Jr1IclpdtIOrlS (ore I able MiJlrrt llcpor1S Noles Ilome

~e~;r~-cc.slnQ i Adiustmc';s-;ummaryvicw -I pro'c~ts ¡ JIl"S-dlcti~n-; -- ------ - -- -- -';0 C:¡- Edit Tax Record Si.ius - OP~N . - - ~ - - - - - - ::- .--:: --- - ---- ---

~.t Numhi I6UO~~~~5a31 01_ _ To .l NAiS Control Nuin )200112700903. .:

PIOp.it Nam.1BAj( BLDG & L:D__ _ _ J Sal~ Cod. r J

ORE siai;~ J _ __ _d __ - - ..- '.._h -¡'~~Taic i,.

TalC Yni ~I Jiii..llcton Nam. J p.~ ~AG_E COUN1 .:~ i .PIOp TalC Typ.ltoUNl ~ I

Paie.. Niimhil0901212006 511bdiv ¡HINSDA lIiotlTi.icIk ~r

TalC Painl LOT 6 IN HINSDALE HIGHLADS SI; SECllON 1; lW 38N; RAGE 11 E;óI

D..cilpdon VACA LAD 

,v - .- -. - -T~~-=~:::I --I

---AiiMd Value I TalC BòW. Amt

I S89.060.00 in S2,0~6.65

Inl.i", Anil

SOOO

Juils Suffic I ,_. J

Eumpllon INONE 1"''1-

B.IiA~ISEC1 I

ORE EllpeOle 0

~~-:~~i:l=

c: Om.i ElCp.n..

1--1 I so.oo i a lIa

I I d s",093.30 J

, Penalt Amt h'

in sO.oo J .

l .. 'P aynient Du. DOlt.

n 06/02/006 I-I I

'MIM".

S20~665

~

Add Supplemental 11 Duplicate Parcel i I Delete ReClrd 11 Cacel

. &: i I~li 'd Lo.h'lro

éjDo
~ . 0 El ~ ~~ .r~ Û ø rS.

Ll ¡-- i-; _ I! x

S~lc,¡Mktg !'IOp Mgrnt Budgei ¡~. Rent lclcmktg "~r1lclp~lions (are lable Mdirl Ilcpoih Nolc, Itorn"

A~set-S~ii;nstaiimcnts I Ctleck"IOCcs~inq IIIJU'I;;~';s I Ju;;di~ons ~ --- ---- - :-'I::iii:¡: ----- ~-i:fet~;ITax-Summ~~----- ---

__~~s ""!' .~'" f. ~1127~0~03 -

Sill. Cod.

..- . -- -. - - -_. . _. .... - - .. -

Pay Tax .",

Alt Numbor 6004444503101 _.. ._-- -- ...

PIOp.ny Nilm. BAK BLDG & LAD . . - . - .-

ORE Star. PENDING SA - - . - ....

o

Nt

3B

..1s

DU PAGE COUNTY

Stil

1

II

......d p...l. .,.

Bi Tax 0il0

1932.140.00 10.00 119,123.02 119,123.02 10.00

1832,140.00 10.00 519,123.02 _ I'9,123~2 10.00

"5402000 $O S380& $38.40.04 10.00

II .

b..... Pill Bò'. Til Pe liorOl 0l

l832,140.00 10.00 $19,123.02 $0.00 $0.00 $0.00

1832,140.00 10.00 119,123.02 $0.00 $0.00 $0.00

S054.02O.oo So.o": $31.4604 lO SO.o , 10.00

A"ftto Pi Ba.. Tax ~11i I ~d"." Olr

$832,140.00 $19.123.02 $19,12302 $000 SOOO SOOO

1832,140.00 S19,12302 S19,123.02 SOOO SO.OO SO.OO

Sl54:Ò2O.00 S3840.04 S384604 SO.o SO.OO SO.o

. Nt I

3B

..ltdl

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APPENDIX IV

SAMPLE

PROPERTY INSPECTION REPORT
Inspection Co.:

Management Co.:

Address: Address:

City/StatelZip:

City/StatelZip:

Telephone #:

Telephone #:

Inspector (Print):

Contact Name:

COMMERCIAL PROPERTY INSPECTION REPORT

Asset Number:

Property Name:

Inspection Date: (mm/dd/yy) Address:

FDIC Contact:

City/Statelip:

Property Type:

General Infonnation

COMMERCIAL PROPERTY INCLUDING HOTELS, OFFICE BUILDINGS, APARTMENTS, INDUSTRIAL

WAREHOUSES AND MANUFACTURING FACILITIES.

Land Area:

Structural Improvements:

Building Area:

Number of Units:

Known or Observed Code Violations:

Known or Observed Environmental Conditions:

(Check for Spills, Contaminated Soil, Chemicals)

(Check for Asbestos Tile, Insulation, etc.)

(Check for Fuel Tanks Above or Below Ground)

(Check for Landfills & Environmental Hazard Signs)

Photos Taken and Submitted?

(YIN)

Name of on-site Property Manager:

(Name, Address, Phone)

Comments:

i

List all parties with access to or possession of keys or lockbox combinations:

Are all structures secured? (YIN)

Is the property winterized? (YIN)

If not secured or winterized, list all security issues that need corrective action:

Inspected By:

(Sign)

Inspection Date:
Occupancy

/s the Property occupied, vacanVopen, vacanV/ocked, boarded?

What is the properties condition? (Good, Fair, Poor):

Occupant(s) _ List tenants or other occupants by unit number (List al/ units and indicate if vacant): Name Unit Number Phone Number Tenant/Previous Debtor

Comments:

I

(If more occupants are present, attach additional Pages)

i. PROPERTY DESCRIPTION

Briefly Describe the Propert:

I

L

A. Structure(s)

i. Type:

ii Condition:

B. Painted Surfaces:

i. Type:

ii. Condition:

C. Foundation:

i. Type:

ii. Condffion:

II. EXTERIOR OF THE STRUCTURE(S)

D. Exterior Glass Condition:

E. Roofs:

i. Type:

ii. Condition:

F. Air Conditioning Units:

i. Brands:

ii. Tonnage:

iii. Condition:
II. EXTERIOR OF THE STRUCTURE(S) CONT'D

G. Shipping or Loading Docks:

i. Type

ii. Condition

iii. Are loading dock doors secure?

Comments:

H. Type of Water System:

i. Type:

ii. Condition:

I. Type of Sewer/Septic System:

i. Type:

ii. Condition:

J. Parking Lots:

i. Type:

ii Condition:

iii. Any Chuck (Pot) Holes?

iv. Are curbs broken?

v. Do they need to be seal coated?

vi. Do they need to be re-striped?

vii. Are there any abandoned vehicles?

viii. Is there any covered parking? Carports?

Comments:

- K.. Landscaping:

i. Overall condition:

ii. Is it neat and clean?

iii. Is it adequate?

iv. Are the beds turned?

v. Are there flowering bed plants?

vi. Is the property properly watered?

Comments:

L. Trash Removal System:

i. Frequency of collection:

ii. Size of containers:

iii. Are they in good condition?

M. Signage:

i. Type:

ii. Condition:

iii. Is it adequate for the circumstances?

N. List Exterior Personal Property:

List Debris Requiring Removal:

If condition is less than acceptable, describe deficiencies:

A. Vacant Units:

i. How many?

ii. Is it shell space or improved space?

iii. Has it been trashed out?

iv. Is it in showable condition?

Comments:

III. INTERIOR OF THE STRUCTURE(S):
III. INTERIOR OF THE STRUCTURE(S) CONT'D:

B. Entry Doors:

i. Type:

ii. Condition:

C. Interior Walls:

i. Type:

ii. Condition:

D. Mechanical System (If Common Utiities) or Systems:

i. Describe:

ii. How many units?

iii. Cleanliness:

iv. Are there any fire extinguishers?

v. Were any flammable materials stored nearby?

E. Basement:

i. Is there a Basement?

ii. Is it neat and clean?

ii. Are all items properly stored?

iv. Are any flammable materials stored there?

F. List Interior Personal Property:

List Debris Requiring Removal:

If condition is less than acceptable, describe deficiencies:

A. Maintenance Room:

i. Is there a maintenance room?

ii. Is it neat and clean?

ii. Are all items properly stored?

iv. Are any flammable materials stored there?

v. Is there a fire extinguisher? Is is properly installed?

B. Liability Issues:

i. Fencing around loading, manufacturing areas, pools, etc.:

ii. Balcony/Catwalk issues:

iii. Railng issues:

iv. Stair conditions:

v. Fire escape issues:

vi. Smoke detector issues:

C. Other Notes:

I

D. Location:

IV. ADDITIONAL PROPERTY INSPECTION COMMENTS

How Does the Location affect the value?

E. Marketing:

i. How does the property present itself?
V. OTHER COMMENTS: (Special Issues) 

Instructions: Fil in all items oertainina to the tvne of nrooert. If the item does not ann 

Iv. write N/A. If the information

is not obtainable, write N/O. Be as complete as possible and do not abbreviate any response. Use attachments for

resoonses reauirina additional soace. Use "Enter" key to move around on nrotected sheetl

Vi. PICTURES TAKEN

£ Insert hard copies and add pages for file copy OR Attach electronically 1
Inspection Co.:

Management Co.:

Address: Address:

City/StatelZip: City/StatelZip:

Telephone #:

Telephone #:

Inspector (Print): Contact:

LAND PROPERTY INSPECTION REPORT

Asset Number: Property Name:

Inspection Date: (mm/dd/wyy) Address:

FDIC Contact: City/StatelZip:

Property Type:

General Information

LAND, ALL TYPES INCLUDING LAND ZONED COMMERCIAL RESIDENTIAL, FARMLAND, ETC.

Land Area:

Known or Observed Code Violations:

Known or Observed Environmental Conditions:

(Check for Spils, Contaminated Soil, Chemicals)

(Check for Water Accumulation, Wetland Areas)

(Check for Fuel Tanks Above or Below Ground)

(Check for Landfills & Environmental Hazard Signs)

Comments:

I

Photos Taken and Submitted?

(YIN)

Inspected By:

(Sign)

Inspection Date:
Brieflv Describe the Property:

i. PROPERTY DESCRIPTION

D. Signage:

i. Type:

a. For Sale

b. No Trespass/Dumping

c. Other

ii. Visibilty:

iii. Is signage adequate for the circumstances?

A. Accessibiliy:

i. Is the property accessible from a road?

ii. What is the condition of the road?

iii. Can a vehicle enter onto the propert?

iv. Is the property landlocked?

v. Are there sidewalks?

Comments:

B. Fencing:

i. Is partall of the property fenced?

ii. What portion is fenced?

iii. Fence Type:

iv. Condition of the fence(s):

Comments'

C. Visibility:

i. is the property visible tlOm a road?

ii. What portion of the property is visible?

Comments:

Comments:

II. PROPERTY OBSERVATIONS

Front?

Front?

Front?

Front?

Back?

Back?

Back?

Back?

Sides?

Sides?

Sides?

Sides?

Number:

Number:

Number:

Size:

Size:

Size:

Condition:

Condition:

Condition:

E. Mowing Status:

i. Has the property been mowed?

ii. Is the property located in a zoned area or a community?

iii. Is the property in compliance with local mowing laws?

Comments:

F. Improvements:

i. Have any improvements been made to the property?

ii. Are they habitable?

iii. Do they constitute a nuisance?

iv. Are they secure?

Comments: J
II. PROPERTY OBSERVA TlONS CONT'D

G. List Personal Property:

List Debris Requiring Removal:

If condition is less than acceptable, describe deficiencies:

IIi. ADDITIONAL PROPERTY INSPECTION COMMENTS

A. Liabilty Issues:

. i. Ponds, pools, water retention areas:

ii. Steep terrain:

iii. Hunting:

iv. Well traveled trails:

v. Other evident hazards:

vi. Fencing required:

Comments:

B. Other Notes:

I

D. Location:

How Does the Location affect the value?

E. Marketing:

i. How does the property present itself?

V. OTHER COMMENTS: (Special 

Issues) 

obtainable

Vi. PICTURES TAKEN

( Insert hard copies and add pages for file copy OR Attach electronically 1
Inspection Co.:

Management Co.:

Address: Address:

City/State/Zip. City/State/Zip:

Telephone #:

Telephone #:

Inspector (Print): Contact Name:

RESIDENTIAL PROPERTY INSPECTION REPORT

Asset Number: Property Name:

Inspection Date: (mm/dd/yyyy) Address:

FDIC Contact: City/State/Zip:

General Information

Property Type: RESIDENTIAL (SFR, CONDO, 1-4)

Land Area:

Structural Improvements:

Building Area:

Number of Units:

Known or Observed Code Violations:

Known or Observed Environmental Conditions:

(Check for Asbestos, Tile or Insulation, Lead Paint)

Name of Condo/Homeowners Assoc.:

Photos Taken and Submitted?

(YIN)

Name of on-site Property Manager:

(Name, Address, Phone)

Comments:

I

List all parties with access to or possession of keys or lockbox combinations:

Are all structures secured? (YIN)

Is Property Winterized? (YIN)

If not secured or winterized, list all security issues that need corrective action:

Inspected By:

Inspection Date:
Occupancy

Is the Property occupied, vacant/open, vacant/locked, boarded?

What is the properties condition? (Good, Fair, Poor):

Occupant(s) _ List Tenants or other occupants by unit number (List all units and indicate if vacant): Name Unit Number Phone Number TenanUPrevious Debtor

(If more occupants are present, attach additional Pages)

Comments:

I

i. PROPERTY DESCRIPTION

I

Briefl Describe the Pro ert :

A. Structure(s):

i. Type:

ii Conditon:

B. Painted Surfaces:

i. Type:

ii, Condition:

C. Foundation:

i, Type:

ii. Condition:

II. EXTERIOR OF THE STRUCTURE(S)

D. Exterior Glass Condition:

E. Roofs:

i. Type:

ii. Condition:

F. Air Conditioning Units:

i. Brands:

ii, Tonnage:

iii. Condition:

Comments:

G, Type of Water System:

i. Type:

ii. Condition
II. EXTERIOR OF THE STRUCTURE(S) CONT'D

H. Type of Sewer/Septic System:

i. Type:

Condition:

I. Parking Lots:

i. Type:

ii Condition:

iii. Any Chuck (Pot) Holes?

iv. Are curbs broken?

v. Do they need to be seal coated?

vi. Do they need to be re-striped?

vii. Are there any abandoned vehicles?

Comments:

J. Landscaping:

i. Overall condition:

ii. Is it neat and clean?

iii. Is it adequate?

iv. Are the beds turned?

v. Are there flowering bed plants?

vi. is the properly properly watered?

Comments:

K. Trash Removal System:

i. Frequency of pick-up:

ii. Size of containers:

iii. Are they in good c~ndition?:

L Signage:

i. Type:

ii. Condition:

iii. Is it adequate for the circumstances?

M. Pool

i. Approximate Size:

ii. Condition:

iii. Diving Board/Slide?

iv. Appearance/Upkeep?

v. Security/Fencing?

vi. LifeguardiAt Risk" Signs?

N. List Exterior Personal Properly:

List Debris Requiring Removal:

If conditon is less than acceptable, describe deficiencies:

A. Smoke Detectors:

Comments:

III. INTERIOR OF THE STRUCTURE(S):

Location: Operational? :

1

2

3

4

1

2

3

4
III. INTERIOR OF THE STRUCTURE(S) CONT'O:

B. Utilities:

i. Water:

ii. Gas:

iii. Electric

iv. Phone

v. Cable

C. HVAC Systems:

i. Describe:

ii. How many units?

iii. Operational?:

ConnectedlDisconnected

(YIN)

(YIN)

(YIN)

(YIN)

(YIN)

(YIN)

(YIN)

(YIN)

(YIN)

(YIN)

(YIN)

D. Bedrooms: Size:

1

2

3

4

5

E. Bathrooms: Size:

1

2

3

4

F. Garage/Storage Units:

G. Other Rooms: Description:

1

2

3

4

5

Condition:

1

2

3

4

5

Condition:

1

2

3

4

Size: Conditon:

1

2

3

4

1

2

3

4

Size: Condition:

1

2

3

4

5

1

2

3

4

5

H. Basement:

i. Is there a Basement?

ii. Is it neat and clean?

iii. Are al/ items properly stored?

iv. Are any flammable materials stored there?

i. List Interior Personal Property: List Debris Requiring Removal:

If condition is less than acceotable, describe deffciencies:

A. Liability Issues:

i. Is fencing needed to secure any of the property?

ii. BalconylCatwalk issues:

iii. Railing issues:

iv. Stair conditions:

v. Fire escape issues:

vi. Smoke detector issues:

IV. ADDITIONAL PROPERTY INSPECTION COMMENTS
IV. ADDITIONAL PROPERTY INSPECTION COMMENTS CONT'D

Comments:

i

B. Location:

How Does the Location affect the value?

c. Marketing:

i. How does the properly present itself?

V. OTHER COMMENTS: (Special 

Issues) 

onses

VI. PICTURES TAKEN

I Insert hard copies and add pages for file copy OR Attach electronically i
APPENDIX V

SAMPLE SOW - TITLE COMMITMENT

(TO BE PROVIDED)
STATEMENT OF WORK

TITLE INSURCE COMMTMENT

The FDIC requires an origial Title Inurance Commtment in the amount of

$25,000.00. The buyer is to be determed. The commtment is based on the .

propert described in the attached documents.

Ths request is for a Commtment for the issuace of a perment title

inurance policy. The commtment shal include the followig: .

L Underwter's name.

2. An origial signatue of the issuig title agent. .

. 3. Tax report showig all delinquent taes, penalty and interest,

. includig al taparcel il nUmbers. .

4. Copies of al recorded documents referred to in the Commtment,

and a copy of the deed vestig title in the record owner.

5. Copy of the ta map and subdivision plat. . ,

ALL COPilS MUST BE LEGIBLE.

Please note: This is not an order for a title report, 

title run, title sketch,

run sheet or attorney's opinion. The FDIC wil not pay for any work

that is not submitted in 

accordance with the above requiements.
APPENDIX VI

SAMPLE SOW - BROKER PRICE

OPINION
Appendix VI

BROKER'S PRICE OPINION

STATEMENT OF WORK

Broker shall present an Opinion of Value which meets the following requirements:

1. Include two (2) copies of the Broker's Opinion of Value report (the "Report) with original signatures and seal (if

applicable). The Broker must submit one (1) original invoice for this Broker's Opinion of Value assignment and

two (2) copies of such invoice along with the Report.

2. Be suffciently descriptive to enable a reviewer to ascertain the estimated value reported and the rationale for the

estimate without going beyond the Report or supporting documentation. The Report shall be competent,

adequate, credible and not misleading.

3. provide the extent of detail and analysis that is commensurate with the complexity of the assignment. including,

but not limited to. the following:

a) neighborhood description

b) description of the Subject Property

c) current market data, three (3) comparable sales and three (3) comparable listings

d) marketing time for the Subject Property

4. Include all of the following tax information on the Subject Property:

a) most current assessed value

b) current tax rates

c) property ID#/appraisal district ID#

d) proposed assessment

e) proposed tax rates

f) taxes paid/past due

5. Include photographs of the Subject Property in the Report.

6. Include verbatim in the Report and any other written opinion prepared by the Contractor relating to this

engagement the following written disclosure:

"THIS IS AN OPINION OF VALUE OR A COMPARATIVE MARKET ANALYSIS AND SHOULD NOT BE

CONSIDERED AN APPRAISAL. In making any decision that relies upon my work. you should know that I

have not followed the guidelines for development of an appraisal or analysis contained in the Uniform

Standards of Professional Appraisal Practice of the Appraisal Foundation."

7. Both the Report and the Invoice must contain the Purchase Order Number.
ATTACHMENT 3

FDIC GENERAL PROVISIONS

These can be obtained at the following website:

!::ww.fdiC.9ovlbUying/oodslindex.html

(If they cannot be obtained, please contact the

Contracting Officer for a hard copy)
ATTACHMENT 4

SAMPLE TASK ORDER
A TT ACHMENT 4

FEDERAL DEPOSIT INSURANCE CORPORATION

BASIC ORDERING AGREEMENT NUMBER: XXXXXXX

TASK ORDER NUMBER: XXX

EFFECTIVE DATE:

THE PARTIES

Contractor: .

Attention:

Address:

Federal Deposit Insurance Corporation

Attention: Contracts Specialist

Address:

SUMMARY OF SERVICE

(Brief summary of the services or goods to be provided)

MUTUAL ASSENT

The Federal Deposit Insurance Corporation ("FDIC") hereby enters into this Task Order with the

party stated above ("Contractor"). Contractor agrees to provide the goods or services stated

herein according to the terms of this Task Order, its proposal, and in accordance with the terms

and conditions of the above-referenced Agreement. The Parties, by their signatures affxed

hereto, agree to the terms of this Task Order.

CONTRACTOR FDIC

Signature Date Signature Date

Name (Typed or Printed) Name (Typed or Printed)

Title Title

BOA

Version 3.6

July 2004
TASK ORDER NUMBER

Therefore, in accordance with the mutual assent and other consideration, Contractor must

perform the services or supply the goods pursuant to the terms and conditions stated below.

1. Basic Ordering Agreement Number and Title of Agreement.

2. Scope of Service.

Yes No

Provide Bank Closing Assistance, as listed below for an anticipated

Duration of

_ ORE Closing Support Professionals:

__ ORE Closing Support Technicians:

Travel for ORE Closing Support shall be reimbursed in accordance with

FDIC Contractor Travel Reimbursement Guidelines (Attachment 5 to

the Agreement).

Set-up of Assets per the attached Asset Listing attached as Exhibit i to

The Task Order

Management and Sale of Assets, including title services as further

described in the Statement of Work, Attached to Attachment i to the Basic

Ordering Agreement.

3. Period of Performance.

The period of performance begins on the Effective Date of this Task Order and continues

concurrent with the term of the underlying agreement until such time as the assets are

withdrawn, sold, or the Agreement expires.

4. Place of Delivery or Performance.

The primary place of performance shall be Contractor's premises.

If Bank Closing support it needed, please insert the following:

BOA

Version 3.6

July 2004

2
Alternate place(s) of performance include Bank-owned premises or subsidiary locations

more fully described below:

(Insert location information)

5. Deliverables.

Asset related Deliverables are defined in the Statement of Work, attached as Exhibit 1 to

the Basic Ordering Agreement.

(Insert Additional Dellverables...)

6. Compensation.

Fixed Unit Pricing - Select one of 

the following:

Fixed Unit Pricing shall be in accordance with Contractor's Final Offer, attached

to the Agreement as Attachment 2, Contractor's ProposaL.

Fixed Unit Pricing shall be in accordance with the attached Price Schedule,

attached as Exhibit 2 to the Task Order.

Contract Ceiling: The Not To Exceed ceiling amount for this Task Order is (to be filled

in by the FDIC upon Task Order award ($ )) in accordance with the terms of the

Agreement after the successful completion/delivery of the services/deliverables by

Contractor and acceptance of the services and/or deliverables by the FDIC as outlined in

the Scope of Services and successful completion of any additional requirements in the

Agreement. FDIC will not pay more than the ceiling amount and any additional work

must not be performed without the written approval of the Contracting Offcer.

Other Expenses: Asset-related Pass-through Expenses, shall be in accordance with

Section 5.1.2 of the Agreement, without subcontractor mark-up.

Personnel Qualifications: The personnel qualifications defined in the contract will be

used to administer this contract for both Contractor and Subcontractor personneL.

Contractor must provide a written quarterly letter certifying to the FDIC Contracting

Offcer and Oversight Manager that all Contractor and Subcontractor personnel currently

working under this contract meet each of the qualifications as stated in the contract. The

FDIC Oversight Manager does not have the authority to approve any Contractor or

Subcontractor employee who does not meet all of such labor qualifications without

consideration from Contractor.

7. Invoicing.

BOA

Version 3.6

July 2004

3
Contractor must invoice the FDIC as stated in the Agreement, or In the Electronic

Invoicing Procedures attached to the Agreement as Attachment 6

8. FDIC Representatives.

8.1 FDIC Oversight Manager. The term "Oversight Manager" means the person

designated in writing by the Contracting Offcer to represent the FDIC for the purpose of

monitoring technical performance under this Contract. The Oversight Manager is not

authorized to issue any instructions or directions which effect any substantive change in

this Contract, including but not limited to any increase or decrease in the price of this

Contract, or change in the delivery date(s) or Period of Performance. Specific areas of

delegated authority are more particularly defined in the Letter of Oversight Manager

Confirmation. The Oversight Manager for this Task Order is

and he/she can be reached at

8.2 FDIC Contracting Officer. The term "Contracting Officer" means a person with

FDIC delegated authority to enter into, modify, administer, and terminate contracts and

orders. The Contracting Offcer for this Task Order is and

he/she can be reached at

9. Incorporation of Terms and Conditions.

All terms and conditions of the referenced Agreement and Contractor's offer are hereby

incorporated by reference as if specifically set forth herein, unless otherwise modified

herein. In case of a conflict, the Agreement takes precedence, followed by the Task

Order, and lastly Contractor's written offer.

10. Key PersonneL.

The following individuals are named as Key Personnel on this Task Order. There will be

no substitutions of Key Personnel without prior written FDIC approval as stated in the

Agreement.

11. Change of Contractor's Physical Location

Contractor must ensure that all connections and access to the FDIC network and systems

are removed and no longer active using appropriate security procedures at the time of

expiration or termination of this Contract, whether such employees are working on-site or

off-site, and notice must be provided to the Oversight Manager upon completion of 

these

requirements.

12. Remove Access to Network and Systems

Contractor must ensure that all connections and access to the FDIC network and systems

arc removed and no longer active using appropriate security procedures at the time of

BOA

Version 3.6

July 2004

4
expiration or termination of this Contract, whether contractor or subcontractor employees

are working on-site or off-site, and notice must be provided to the Oversight Manager

upon completion of these requirements. Contractor must also undergo the FDIC pre-exit

clearance procedures at the time of separation.

13. Security Requirements

Contractor must adhere to the security requirements contained in the Agreement pursuant

to which this Task Order is issued.

14. Sales Tax Exemption

FDIC is a Federal Government corporation and is exempt from State sales tax.

Therefore, it will not pay sales tax on invoices submitted to it that is charged by

Contractor.

15. Subcontractors.

BOA

Version 3.6

July 2004

5
ATTACHMENT 5

FDIC CONTRACTOR TRAVEL

REIMBURSEMENT GUIDELINES
Attachment 5

CONTRACTOR TRAVEL REIMBURSEMENT GUIDELINES

January 2007

1.0 INTRODUCTION

The Contractor should have a policy that requires its employees to use sound business

judgement in both determining the need for travel, as well as in expending Contractor financial

resources when travel is necessary. The following guidelines are provided to assist the

Contractor in its compliance with contractual requirements to limit expense reimbursement to

those costs that do not exceed FDIC travel reimbursement guidelines. Travelers will not be

reimbursed for excess costs caused by:

. An indirect route as a matter of personal preference

. Premature departre for personal reasons from a temporary location; or

. Extending a stay for personal reasons.

2.0 APPLICABILITY

To be entitled to Lodgings-Plus per diem reimbursement, the contract must allow for travel and

the Contractor's employee must be on a temporary assignent that is at least 50 miles in

distance from either his/ber offce or residence. If a temporar assignent concludes during

the workday and is located within 100 

miles of the Contractor's offcial station or residence, the

Contractor employee is expected to retu to their residence, rather than remain at the

temporar location overnight. The cost of 

travel for spouses, other family members, and

frends is not allowable under any circumstances.

3.0 TRAVEL AUTHORIATION

Contractors shall ensure that all travel on behalf of the FDIC is necessar and allowable under

the contract. A management official of the Contractor shall authorize all travel and travel

vouchers reflecting travel expenditues.

4.0 AI TRAVEL

Air travel should be in coach class only, unless the employee bears the cost of 

the difference

between coach and first class. Travel should be planned as far in advance as possible to take

advantage of discounted fares; especially, if reasonable certainty exists that the event wil take

place. If more than one air carrer offers service, travel should be on the carrer that offers the

lowest price. If a restrcted fare is booked and the Contractor's employee requires a change, a

reasonable exchange fee may be claimed. Contractor employees are required to fly on U.S.

flag carrer service under the Fly America Act, unless an exception to the Act applies.

5.0 RENTAL CARS

Generally, no car larger than a mid-size should be rented. The Contractor should have a policy

that requires employees to compare the cost of car rental with other forms of transportation and

to choose the cheaper mode of transportation. The use of rental cars, even if authorized, must
be justified in writing by the traveler and attached to the voucher. Claims for rental car

gasoline must be supported by original receipts.

6.0 LODGING

The Contractor is expected to have a policy that provides for reasonable but not extravagant

lodging accommodations for employees in travel status. The Contractor should make use of

government rates whenever possible; otherwise, corporate rates or other discounts should be

obtained.

If the contract is a level of effort type of contract (e.g., labor hour or time and materials)

with reimbursable travel, and the contractor must be in the Washington, D.C., area

overnight, the contractor is required to stay at the L. Wiliam Seidman Center (Seidman

Center) providing space is available. The contractor shall notify the Contracting Officer

of the need for a reservation, and the Contracting Offcer shall contact the Seidman

Center to make the reservation. If space is not available, the Seidman Center

management wil obtain an alternate reservation, or provide permission for contractor to

obtain alternate lodging. For reimbursement, the contractor must provide written

evidence of lack of availabilty at the Seidman Center at the time of submission of travel

voucher.

Any hotel expenses considered excessive or unreasonable will not be reimbursed. Instead, in

those cases, lodging reimbursement wil be limited to the U.S. Government GSA lodging fate

for .the city in question as listed in the most recent OAG Official Traveler - Travel Guide

7.0 SUBSISTENCE

Employees on overnight travel status shall be reimbursed on a per diem basis. The current

FDIC per diem rates allowable are listed in Section 16.0 of 

these Guidelines. Specific per diem

rates for different localities may be found on the General Services Administration web site, the

specific citation for which is as follows: GSA - Domestic Per Diem Rates

When an employee is on per diem, incidental expenses such as laundr and dr cleaning are

considered to be covered by the per diem.

8.0 MISCELLANEOUS EXPENSES

Employees in non-overnight travel status, who are away from their residence at least 11

consecutive hours excluding meal time, and the meal is specifically authorized, should be

reimbursed on actual expense incured basis with meal cost limited to a $10.00 charge (receipt

needed) or $6.00 without a receipt. According to the IRS regulations, the Contractor must

report this expense as income. '

9.0 LONG DISTANCE PERSONAL CALLS

While on travel status, an employee may claim the actual amount incurred, not to exceed $3 per

day, for personal long-distance telephone calls while on an overnight travel assignment. This is

in addition to per diem, if applicable.

10.0 USE OF PERSONAL OWNED VEHICLE

The Contractor may reimburse an employee for use of hislher personal vehicle while on

Contractor related business. The maximum reimbursement rate will be the rate stipulated by

the IRS (See Section 18.0 for the current rates).
In addition, a Contractor employee may be reimbursed 8 cents for the first additional

Contractor employee passenger and 4 cents for each additional Contractor passenger.

According to the IRS regulations, the additional expense reimbursement must be reported as

income to the employee.

If an employee chooses to use his/her own vehicle in lieu of air travel, the maximum

reimbursement will be the lesser of the cost of air travel or mileage reimbursement and the per

diem difference.

NOTE: FDIC does not insure contractors, their employees, or their vehicles for liability.

11.0 TAXICABS

The use of taxicabs is permitted while Contractors are on official travel for FDIC. Taxi hire is

appropriate when:

a) public transportation, airport limousine service, and/or hotel courtesy transportation is

not available or when time or other factors make it impractical to use available public

conveyances;

b) traveling between transportation terminals and the residence, hotel, or offce while in an

offcial travel status; or

c) for travel from the Contractor's residence to the offcial station to depart on an

assignment requiring at least one night's lodging, and from the official station to the

residence on the day the employee returns from that trp. .

Taxi fares for trps used to obtain meals wil not be reimbursed.

Reimbursement for taxicab fares (plus the customary 15% tip) wil be made only if an

appropriate receipt is submitted with the voucher.

12.0 NON-REIMUREMENT EXPENSES

Examples of expenses that wil not be reimbursed include the following:

a. alcoholic beverages, entertainment;

b. laundr, dr cleaning and pressing (per diem reimbursement);

c. travel insurance;

d. parking fines;

e. charges incured because of indirect travel for personal reasons;

f. gratuities and tips paid to porters, waiters, bellboys, and hotel maids inside the lodging

facility (per diem reimbursement);

g. nonproductive time related to official travel to and from one's temporary duty station;

and

h. any charges, fees, or other associated costs related to the making of reservations or other

accommodations for travel.

13.0 RECEIPTS
Except for per diem expenses, valid original receipts are required for all expenditures

regardless of cost. If a receipt is not normally provided for the expense (metro, bus token, etc.),

the certification signed by the traveler on the voucher will justify the expense.

Receipts submitted with the voucher should be originals indicating the name of 

the payee, date

paid, amount, and the service rendered. This includes the original Passenger Receipt Coupon

of the airline ticket. If an electronic ticket is used, the boarding passes for each flight must be

submitted with the travel voucher.

14.0 TRAVEL VOUCHER COMPLETION

After completion of 

travel, a travel voucher (may use contractor's voucher) must be submitted

for reimbursement. In addition, dates and times of each deparre from residence or offce,

arrval at and the name of the place oftemporary assignment, and arval at the office or

residence must be shown on the travel voucher. A certification signed by the traveler must be

included on the travel voucher that states that the trip indicated was actually taken and that all

expenses are accurate and correct.

15.0 INOICES

Contractors biling for reimbursement of travel expenses must submit an original and two (2)

duplicates of each invoice to include all supporting documents.

The penalty for invoicing a travel voucher that falsifies any item in the claim forfeits the claim

(28 U.S.C. 2514). Furer, travelers who falsify a claim may be fined or imprisoned for not

more that 5 years or both (18 U.S.C. Section 1001), and a corporation may be fined up to

maximum of $500,000 (18 U.S.C. Section 3571 (c)).

16.0 PER DIEM FOR OVERNIGHT TRA VEL~

AMOUNT OF PER DIEM TO BE CLAIMED:

I\D~PAR .TÍÑ." G... ---;-.u.---~~.~;~¡g~~..~~ti~~~-ii.~~c~~f;;9-.~0.~ \'~~4:~~'.i;~~~~~.i~~~~~'i;s;'~o.r\;~:o~!1

2'th per diem rate of:. .,1 i~--f-~--~.c, .1

IIf you leave between: r-I \ \ : ii

iiz Midnight to 5:59 AM . 1$39.001$4400 \$49.00 \$54.00\$5900:\$6400'

16:00 AM to i i :59 AM---ê.~5 !$~~:O~ ~36.?5$4~:5~'~-i.~l~4~~01

2 Noon to 5:59 PM \$19.50 \$22.00 :$24.50$27.00:$29.50\$32.00'1

\6: ~~~~ ~~ -11 : 5 9~iv- -- \$~-.~~- i".$~i . 00 r$~2.2;' :.$ ~3. 5 0-'. $~~.;¿'ri$ ~-6'.~~-1\ i ii' ;

r--.----.-------------------------------------------:--- ----- -- - ,- --- -- - ~ .-- .--- -----..--------- ¡---..---------. r---------- ------ ;------ ------. .! - --I

i~TUR~G: Use assignment location $39.00 ~$44.00 :$49.00 :$54.00 $59.00 \$64.00 i !with per diem rate of i i : I \ i--~-------¡---,-- ,------- -----:--1 ¡If you return between: i'! '.! I

\i2 Midnight to 5:59 AM 1$9.75$11.00,$12.25$13.50 $14.75 \$16.00 I i _------- I ! .,
:6:00 AM 101 159-AM \$195Ó ($2200 1$24.50$27.00$29501$32:00

li-iN';~;;to5:59PM------~- - -- f$29 .25 \$33 .00 1$36.75$40.50$44251$48.00:

~;~O pq~IiJ22'l' .=-:::=:--c-=J$3~:?Qi$~2RF~:0~'$~4:00~Jl:2~i$~.0~

17.0 MEAL DEDUCTIONS

If meals are provided by another person or entity, the following amounts shall be deducted

from per diem rates.

, 'PROVIDEDMEALSDEDUCTlBLE FROM MAMU-PER DIEM RATES" ..-1

~_PEll DIEM RATES:----.-- - .--.-- ~39 -l$44 -1$4-$54-1$59 d-~64 -I

!BREAKFAST . .,.' ." __!S~8 ... J$9 .$10-1$1 !$12! \LUNCH ls f$1$1 .$1$16 -j$š-I !DINR ~f$2f$24;$26 ~29-1$1 ¡INCIDENTALS -!$.1$3 r$3~!$!$1 --------~

*For those destinations that are not listed, the maximum hotel expense shall be $60.00 per day andthe

maximum per diem rate shall be $39.00.

18.0 MILEAGE RATE FOR USE OF PERSONAL VEHICLE:

Effective January 1,2007, the mileage rate aiiowed for use of a personal vehicle on

business is 48.5 cents per mile.
ATTACHMENT 6

ELECTRONIC INVOICING PROCEDURES
Attachment 6

FEDERA DEPOSIT INSURACE CORPORATION

ELECTRONIC INVOICE PROCEDURES

For Invoices Processed in the Dallas Offce*

1. Contractors shall email the electronic invoices to the following address:

APDIAfdic.gov. Please include necessar supporting documentation in the fie.

2. Contractors shall only email the invoices to the above address and not to the

Oversight Manager (OM) or Contract Specialist (CS) or any other FDIC

personneL. Also, please do not send hard copy originals. This requirement is part

of our internal control and review process and helps avoid duplication. Once

received in the Dallas Accounts Payable offce, invoices are reviewed for

accuracy and compliance before being scaned and entered into the Accounts

Payable System. Once they have been entered, the OM and CS can access them

on line.

3. Contractors shall submit the invoices as a single fie document, in .pdf format. If

the fie is too large (in excess of 30 MB) for a single fie document, please submit

either multiple fies or as a zip fie.

4. Files shall not contain social security numbers or personal credit card numbers.

This information should be blocked out if it is present on the invoice's supporting

documentation.

5. Each invoice shall be attached to a separate email and shall conform to the

following naming conventions:

. The name of the pdf file wil be the invoice date and invoice number.

Example (2007-03-31 123456).

. The subject line of the email wil contain the invoice number and our

Purchase Order number. Example (123456-CORHQI234).

5. For Task Orders containing provisions for Task Assignents, a separate invoice

and email wil be submitted for each Task Assignment.

6. Invoices are paid pursuant to the terms of the Purchase Order. Most of our

Purchase Order terms are Net 30 Days. The thirty days begins when the invoice is

received by the FDIC. If it reaches our mailbox prior to 2:00 p.m. that is day 1. In

accordance with the Prompt Payment Act, interest is payable to the vendor if

payment is not made within the 30 day period. If the vendor/contractor is required to

correct or resubmit an invoice due to errors, the 30 day clock is reset. In most cases,

we wil successfully process the revised invoice within the original 30 day period

and avoid delay of payment.

6. If a contractor/vendor needs to check on the status of an invoice, they can call the

Dallas Accounts Payable Unit directly, or send an email to the email address

shown at the top of this document. If payment has not been received within the
time frame of the Purchase Order terms, please follow up to make sure we have

received the invoice for processing. We will research and let you know the status.

7. Dallas AP Contacts:

David Cooley

Tim Hobbs

Doreen Bedwell

Linda Savile

(972) 761-8638

(972) 761-8643

(972) 761-8644

(972) 761- 8221

* The Dallas Accounts Payable offce processes all FDIC ban failure related

invoices plus all FDIC corporate invoices for non-Washington operations. The

Oversight Manager or Contract Specialist mayor may not work in the Dallas

offce, so please confirm with the OM or CS that invoices are to be sent to the

Dallas AP Unit for processing.
ATTACHMENT 7

PURCHASE ORDER DOCUMENT

PROVIDED FOR BILLING PURPOSES

(ONL Y to be provided to Contractor

following Contract Award)