CPA, CFE, ABV Michael Schaefer

Michael Schaefer

Boulay PLLP

7500 Flying Cloud Drive, Suite 800 Eden Prairie, MN 55344

Phone: 952.841.3052

Fax: 952.516.7229

Email: mschaefer@boulaygroup.com

www.boulaygroup.com

About Michael Schaefer

Mr. Schaefer is a manager at the accounting firm of Boulay PLLP. He holds the Certified Public Accountant and Accredited Business Valuation certifications issued by the American Institute of Certified Public Accountants and the Certified Fraud Examiner certification issued by the Association of Certified Fraud Examiners. He has been involved in business valuations involving privately held partnerships, LLCs, S-corporations, and C-corporations. In addition, he has experience valuing various intangible assets and goodwill impairment for private companies.