Page 108 - Annual Report 2016 - Cover & Divider Pages.indd

January 12, 2017

Mr. Ron Darin as Trustee of the FGM Architects
Employee Stock Ownership Trust
1211 W. 22nd Street, Suite 705
Oak Brook, Illinois 60523

Dear Trustee:

You have requested our Opinion as to the fair market value of a minority interest in the capital stock of
FGM Architects, Inc. (“FGM” or the “Company”) as of September 30, 2016, to be used for the continued
administration of the Company’s Employee Stock Ownership Plan. We are writing to inform you that it is
our Opinion that as of September 30, 2016 the value of a minority interest of the ESOP stock of FGM is
$4,218,000 or $424.86 per share based on 9,927 shares outstanding.

In completing this engagement, we have relied on information provided by the ESOP Trustee and
the Company including, but not limited to, financial statements, projections, product information,
facilities descriptions, employee data, and other information as may have been requested. This
information has been accepted as being accurate without independent verification by Prairie.
However, we have exercised our independent judgment in evaluating this information, and we
have not relied on information that we have determined to be inadequate or incomplete.

We have not investigated the title to or any disclosed or undisclosed liabilities against either the
assets or equity securities of the Company. In accordance with recognized professional ethics, our
fees for this service are not contingent upon the opinions expressed in this letter, and neither
Prairie Capital Advisors, Inc. nor any of its employees has a present or intended financial interest
in the Company.

Respectfully Submitted,

____________________________________________________
Prairie Capital Advisors, Inc.