LETTERHEAD]Appraisal and Business Plan Agreement • June 3rd, 1998 • Cgb&l Financial Group Inc
JMP Financial, Inc. ("JMP") is pleased to present this Agreement to Cerro Gordo (the "Bank" or "Cerro Gordo") to act as appraiser in its mutual-to-stock conversion and to prepare a business plan for the Bank in accordance with state and federal regulations. JMP is pleased to have the opportunity to associate itself with Cerro Gordo and believes that it is uniquely suited to serve the needs of Cerro Gordo.
