Management Team

---

Douglas H. Diamond

Douglas managed the preparation and reviewed the results contained in this Appraisal Report. Douglas has over 15 years of extensive experience in the auction, liquidation, and appraisal of a broad range of industrial equipment types. He has been engaged by some of the nation’s leading auction and appraisal firms and has participated in a number of major asset disposition projects on behalf of companies, lenders, and bankruptcy trustees. Additionally, he managed a used equipment dealership which provided him with further experience in the purchase and sale of industrial assets. His auction and appraisal activities have encompassed a wide range of equipment types including the following:

	Plastics & Rubber Processing	Printed Circuit Board
	Construction/Earthmoving	Printing & Bindery
	Pulp/Paper Converting	Electronics
	Food & Beverage Processing	Plastic/Fiber Recycling
	Foundry/Forging/Steel Mill	Furniture
	Laboratory/Test/Measurement	Textile/Apparel
	Laboratory/Test/Measurement	Transportation/Rolling Stock
	Material Handling & Storage	Warehouse/Distribution Center
	Metalworking/Machine Tools	Wire & Cable
	Office Equipment	Woodworking

Douglas has managed or participated in many projects throughout the United States as well as in Canada, Mexico and the United Kingdom. He is a candidate member of the American Society of Appraisers (ASA). Douglas has completed the Uniform Standards of Professional Appraisal Practice (USPAP) course of instruction as well as several advanced ASA courses and is qualified to opine on machinery and equipment values based on the following concepts:

	Fair market value - Exchange	Liquidation Value In Place
	Fair market value - in continued use	Orderly Liquidation value
	Orderly Liquidation value	Replacement cost new
	Fair Market Value - Removal	Reproduction Cost New
	Forced liquidation value	Salvage value
	Scrap value

Douglas received a Bachelor of Science degree in Textile Management from North Carolina State University.

---

Gary L. Laubscher, ASA, C.E.A.

Quote:
"In the business world, the rear view mirror is always clearer than the windshield." - Warren Buffett

Years of Experience:
Gary has been active in the appraisal profession since 1998 and has performed and/or managed hundreds of machinery and equipment valuations for financial, commercial, and industrial uses while in the employ of leading auction, liquidation, and appraisal service providers.

Responsibilities:
Gary utilizes his experience in order to provide guidance and oversight to the appraisal process, working directly with our clients to ensure that Republic Appraisal Services meet or exceed their expectations.

Accomplishments:
Gary received specialized training in electronics and telecommunications while serving in the United States Army. He has successfully completed the Uniform Standards of Professional Appraisal Practice (USPAP) course of instruction. Gary has achieved the designation of Certified Equipment Appraiser (C.E.A.) as administered by the Association of Machinery & Equipment Appraisers (AMEA). Having completed the required course work, testing, and experience requirements, Gary has earned the designation of Accredited Senior Appraiser, Machinery & Technical Specialties, as administered by the American Society of Appraisers (ASA). Gary has extensive experience in the aviation industry as a multi-engine instrument pilot, FAA Certified Airframe & Power Plant Mechanic and member of the Civil Air Patrol. He is active as a volunteer fire fighter and is affiliated with the Lancaster County Airport Commission and Aircraft Owners & Pilots Association. He is also affiliated with the Turnaround Management Association. Gary has completed appraisals and consulting projects in the United States, Canada, Mexico, Germany, Netherlands, Belgium, Malaysia, Portugal, China and Sweden and is qualified to opine on machinery and equipment values based on the numerous concepts.

Education:
Gary is a graduate of the University of Phoenix in San Francisco, California, earning a Bachelor of Arts degree in Business Management.