Real Estate - Developers - Builders - Investors - Management . SINGH DEVELOPMENT, L.L.C. TELEPHONE: (248) 865-1600 7125 ORCHARD LAKE ROAD DIRECT DIAL: (919) 677-1510 SUITE 200 FAX: (248) 865-1630 WEST BLOOMFIELD, MICHIGAN 48322 E-MAIL: kahm@SinghMail.com

January 26, 2015 To Whom It May Concern: Re: Bruce Silver Letter of Recommendation To Whom It May Concern: Please accept this letter as my strong expression of support and recommendation for Bruce Silver as a candidate for employment. I have known Bruce for over 10 years and he has always demonstrated a highly intelligent and dedicated approach to any task at hand. During Bruce’s employ at Singh Development as Acquisition Manager, he was considered a most valuable member of the development team and excelled at analyzing local real estate markets. Bruce is particularly adept at being able to understand and adapt to the complexities of a development and all of the many intricacies involved with analyzing property and how it accommodates the proposed end use. That ability proved to be invaluable and greatly aided the final decision for an acquisition. His considerable talents would be a tremendous asset to any organization. If there should be any questions regarding Bruce’s qualifications and abilities, please do not hesitate to contact the undersigned. Sincerely,

G. Michael Kahm Senior Vice President