Silver Oak Advisors is a property tax consulting firm comprised of experienced professionals from Big Four accounting firms. They provide personal property and real estate tax services for industrial, manufacturing, telecom and other complex property clients. Their team has over 40 years of experience and they focus on achieving significant tax savings and refunds for clients through assessment reductions, exemptions, abatements and other strategies.

2. Table of Contents The Silver Oak Vision Management Team Network of Professionals Silver Oak Alliances Scope of Services Industries of Expertise Selected Results Fee Structure Contact Information

3. Our Vision Silver Oak Advisors is comprised of former Big 4 property tax professionals with over 40 years of property tax experience. Our practice is solely dedicated and focused on providing the best in class personal property and real estate tax services for our clients. The Silver Oak team has experienced and seasoned professional who are client service focused and who do ALL the work themselves. We don’t push it down to inexperienced staff who lack the years of experience necessary to fully understand the complexities of multi-state compliance and consulting. Our Directors are directly involved in property tax return preparation and negotiate with the taxing jurisdictions on behalf of our clients. This approach ensures that our clients receive the absolute highest quality service from some of the most experienced professionals in the business and distinguishes Silver Oak Advisors from the competition. Financial solutions that impact your bottom line.

4. Our Management Team Glenn Williams, CMI Managing Director Former Senior Manager and Complex Properties Practice Leader, KPMG and Paradigm Tax Group. Twenty years experience in State and Local Taxation, including fifteen years with the Big Four professional services firms. Specialization in manufacturing, industrial and other complex properties. Experienced in full service property tax outsourcing, including personal property tax compliance, real estate & personal property consulting, tax appeals, audit defense, mergers and acquisition due diligence. Developed specific initiatives and marketing studies within the transportation, chemical fertilizer, paper and pulp, sugar and high-tech industries to assist clients in reducing ad valorem property taxes, based upon functional and economic obsolescence trends. Georgia and South Carolina State Certified Real Estate Appraiser. Texas Senior Property Tax Consultant; Tennessee Licensed Property Tax Agent.

5. Our Management Team (continued) Brian Scully, CMI Director, Telecom Practice Former Senior Manager and Communications Industry Practice Leader, Paradigm Tax Group. Former Manager, KPMG Complex and Industrial Property Taxes. Former Industry Personal Property Department Manager, experienced with Corporate Aviation, Distribution, Retail, Transportation, Industrial Revenue Bonds/Abatements. National experience in all state and local tangible personal property tax filings, appeals, assessment negotiations, audits, multi-state property tax compliance, in-house property tax function analysis and re-engineering and tax projections, property tax software integration. Experience includes all business personal property reporting states and Puerto Rico. Extensive work with inventory, freeport / in-transit / interstate commerce, prior year corrections for refunds, IRB / abatement reviews. Licensed Texas Senior Property Tax Consultant

6. Our Management Team (continued) Jeff Talton Director, Industrial Properties Former Managing Consultant, Paradigm Tax Group Complex Industrial Practice – develop and implement innovative state and local tax strategies concerning public utilities, telecommunications and manufacturing industries. Former Senior Consultant with Deloitte’s National Property Tax Practice - Complex Properties national property tax team member. Deloitte Tax’s Southeast Property Tax consulting specialist. Ten years experience in State and Local Taxation with the Big Four professional services firms, specializing in ad valorem property tax issues. Former Consultant, KPMG Complex/Industrial Property Tax Group.

7. Network of Property Tax Professionals Headquarters – Atlanta, Georgia Network Offices: Austin, TX Birmingham, AL Boston, MA Buffalo, NY Chicago, IL Dallas, TX Detroit, MI Los Angeles, CA Phoenix, AZ Kansas City, MO

8. Silver Oak Advisors Alliance Organizations & Memberships Member, Independent SALT Alliance (ISA) Member, Mississippi Manufacturing Association (MMA) Member, Georgia Association of Assessing Officials (GAAO) Member, Institute For Professionals In Taxation (IPT) Member, BDO - BRN Alliance Member, Florida United Tax Managers Association (FUTMA) Member, International Association of Assessing Officers (IAAO) Member, Broadband Tax Institute (BTI)

9. Scope of Services Complex Industrial and Manufacturing Property Tax Services Proactive and Traditional State and Local Tax Compliance Filing Personal Property Tax Consulting Services Personal Property Audit Support and Defense Pollution Control Exemption Strategies Functional and Economic Obsolescence Studies Cost Segregation Services

10. Scope of Services Complex Industrial and Manufacturing Property Tax Services Pre and Post-Acquisition Due Diligence Tax Minimization Analysis Tax Incentives and Abatement Analysis and Implementation Construction in Progress Taxability Studies Inventory Valuation and Exemption Services Intangible Carve-Out Studies Fair Market Valuation and Ghost Asset Appraisals

11. Tax Compliance Software PTMS – Tax Compliance Software System National Tax Compliance Software Systems since 1993, taxcomp.com Dedicated servers, insuring that our clients data is safe a secure Allows clients easy access to all current and prior year returns generated in the software system Annual assessment review and appeal tracking functionality Tax bill and accrual projections – accessible to clients (tax bill tracking, tax accruals, etc.) Ability to generate specific reports on a site by site or state by state basis

12. Scope of Services Complex Real Estate Tax Services Proactive Negotiation and Valuation Services Annual Assessment Review and Appeal Services Real Estate Tax Management Services (tax bill tracking, tax accruals, etc.) Litigation Support Purchase Price Allocation Appraisal Support

13. Industries of Expertise Manufacturing and Industrial , including - Automotive - Chemical - Food and Beverage - High Tech - Mining - Paper and Pulp Complex Real Estate Retail and Distribution Airlines Telecommunications and Cable

14. Selected Results Alabama Paper and pulp manufacturer – abatement review, assessment reductions and refunds – annual tax benefit of $520,000. Alabama Automotive manufacturer – pollution control, tooling and personal property valuation review – value reduction of $24 million. Georgia Automotive manufacturer - assessment reductions and refunds – tax benefit of $571,000. Mississippi fertilizer manufacturer – tax abatements and assessment reductions – annual tax benefit of $290,000. National door manufacturer – assessment reductions – tax benefit of $1.2 million over a 3-year period. South Carolina high tech manufacturer -assessment reductions and refunds – one year tax benefit of $210,000.

15. Selected Results (continued) Mississippi industrial manufacturer – tax abatement project – annual benefit of $450,000. North Carolina truck manufacturer – real estate and personal property value reductions of $31.7 million. Georgia paper and pulp manufacturer – pollution control engagement – one year tax benefit of $590,000. Regional telecom service provider – functional and economic obsolescence – $100,000 annual benefit. Large Cable MSO – reclassification of taxable and non-taxable assets – $230,000 annually. National telecom service provider – functional and economic obsolescence – multiple year tax benefit of $140,000 annually.

16. Selected Results (continued) Florida For-Profit Healthcare Provider – a $205,000 real estate reduction. Georgia Hospitality Provider – a $127,000 real estate reduction. North Carolina Manufacturer – a $343,000 real estate reduction. Georgia State Services Provider – a $494,000 real estate reduction. Georgia Manufacturer - a $92,000 real estate reduction. Alabama Telecom Provider - a $51,000 real estate reduction. Tennessee Manufacturer - a $133,000 real estate reduction. Maintain and control $10,000,000 property tax liability for national telecom service provider through pro-active compliance. Kansas Manufacturer – Obtained a $68,000 personal property reduction.

17. Selected Results (continued) West Virginia Manufacturer – pollution control engagement – one year tax benefit of $113,000. Indiana Manufacturer - pollution control engagement – one year tax benefit of $340,000. Indiana Manufacturer - tax abatement project – annual benefit of $186,000. Kansas Manufacturer – intangible carve out– one year tax benefit of $184,000. Texas Manufacturer – assessment reductions – one year tax benefit of $143,000. Tennessee chemical manufacturer – assessment reduction and litigation support – 8-year tax benefit of $2.8 million .

18. Silver Oak Fee Structure Silver Oak Advisors strives to create a direct relationship between fees and savings results achieved. Silver Oak’s Perspective - Our fees are proposed based on a balance between the cost of service, the anticipated resulted and the level of risk associated with achieving those results. Client’s Perspective - The fee should reflect the relationship of risk level assumed and the potential benefit. Compensation structures will vary dramatically depending on the size scope and time needed to complete the project. Fees can be in the form of time and materials, contingent (performance based), flat fee or a blend of each. It comes down to what the client is most comfortable with.

19. Contact Information Glenn Williams ,CMI Brian Scully, CMI Managing Director Director, Telecom Practice Direct Dial 678.403.2977 Direct Dial 678.403.2084 [email_address] [email_address] Jeff Talton Director, Industrial Properties Direct Dial 678.848.2571 [email_address] SILVER OAK ADVISORS, LLC 400 Galleria Parkway SE SUITE 1500 [email_address] ATLANTA, GEORGIA 30339 (877) 352-8616