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— Integra Realty Resources Caribbean Appraisal of Going Concern IGY American Yacht Harbor Marina Mixed Use Property 18A-1, 18-B1,18-B and 18-W Remainder Estate Smith Bay East End Quarter, St. Thomas, Virgin Islands Client Reference: 23559 Prepared For: Banco Popular de Puerto Rico Effective Date of the Appraisal: November 25, 2015 Report Format: Appraisal Report — Standard Format IRR - Caribbean File Number: 172-2015-0181 irr. HOUSE_OVERSIGHT_018804