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Morgan•Jacoby•�h7 n*Boyle &AssociatPA Ccrtificd Public Accountants Independent Auditors'Report The Stockholder Proctor Construction Company: We have audited the accompanying combined financial statements of Proctor Construction Company, which comprise the balance sheets as of December 31, 2015 and 2014 and the related combined statements of operations and equity, and cash flows for the years then ended, and the related notes to the combined financial statements. Management's Res ponsibili0for the Combined Financial Statements Management is responsible for the preparation and fair presentation of these combined financial statements in accordance with accounting principles generally accepted in the United States of America;this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of combined financial statements that are.free from material misstatement,whether due to fraud or error. Auditors'Responsibility Our responsibility is to express an opinion on these combined financial statements based on our audits. We conducted our audits in accordance with auditing standards ,genctally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the combined financial statements are free of material misstatement An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the combined financial statements. The procedures selected depend on the auditors' judgment,including the assessment of the risks of material misstatement of the combined financial 'statements,whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Company's preparation and fair presentation of the combined financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting unting cc estimates made by management as well as evaluating,the overall presentation of the combined financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the combined financial statements referred to above present fairly, in all material respects, the financial position of Proctor Construction Company at December 31, 2015 and 2014 and the results of its operations and its cash-flows for the years then ended in conformity with accounting principles generally accepted in the United States of America ' V T. 't March 22,20.16 700-.20th Street e Vero Beach,Florida 32960 * Phone 772-562-4158 a Telefax 772-563-2024 0 Www.rnjtbcpa.coin