RAYNOR J. KLARIS, ASA, SRA

PRESENT POSITION: Mr. Raynor J. Klaris is the President of Klaris, Thomson & Schroeder, Inc.

PROFESSIONAL AFFILIATIONs: Mr. Klaris is a Senior Accredited Member of the American Society of Appraisers with a specialty in business valuations. Mr. Klaris is also a Senior Residential Member of the Society of Real Estate Appraisers. He has qualified as a Class IV Appraiser by the Commissioner of Savings and Loan, State of California, in 1964; and approved as a qualified appraiser for the California State Division of Corporations in 1967. He is a member of Beta Gamma Sigma, a National Business Administration Honorary Scholastic Society. Mr. Klaris served as President of the Los Angeles Chapter No. 1 of the Society of Real Estate Appraisers for the year of 1977-1978.

EXPERIENCE: Mr. Klaris has been actively engaged in the appraisal profession since 1961. He has prepared and supervised appraisals covering the major categories of land, buildings, machinery and equipment of industrial, and agricultural clients. In addition, he has appraised total business enterprises including sole proprietorship, partnerships and corporate entities including all intangibles, such as licenses, patents, goodwill, etc. Appraisals prepared by Mr. Klaris have been used for purposes of sale/purchase, tax allocation, ad valorem tax, condemnation, rental, financing, insurance and dissolution.

EMPLOYMENT: Before joining Klaris, Thomson & Schroeder, Mr. Klaris had been associated with another national multi-discipline appraisal firm. This later association began in 1961 as an Appraiser and Appraisal Services Director in charge of real estate and institutional appraisals. From 1966 to 1968, Mr. Klaris served as a Senior Appraiser with Tait Appraisal Company of Los Angeles and San Francisco, California. In 1968, he became Vice President and Regional Manager of Tait in San Francisco, and in 1970 served as Vice President of Tait of Los Angeles. Mr. Klaris rejoined the same national multi-discipline appraisal firm that he was associated with in 1961 again in 1973 and became Area Appraisal Manager of the Western Area in 1974. In 1977, he became Vice President/Consulting. Since 1983, he has been a Senior Valuation Consultant.

COURT TESTIMONY: Mr. Klaris has testified as an expert witness before the Superior Court, Contra Costa County, California; Commissioners appointed by the Superior Court, County of Los Angeles; Superior Court, County of Orange; U.S. District Court, Los Angeles; and before the Tax Appeals Board, City and County of San Francisco and County of Los Angeles, California.

EDUCATION: Mr. Klaris received his B.S. Degree with a major in Agriculture Economics, from the University of California, Davis in 1955. He received an M.B.A. Degree in 1961 at the Graduate School of Business, University of California at Los Angeles. Mr. Klaris has completed Business Valuation courses I, (II & III) and IV of the American Society of Appraisers. He has also completed Real Estate courses I, II, & IV of the American Institute of Real Estate Appraisers and "Appraising Single Family Residences" of the Society of Real Estate Appraisers.