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Associated Earth Sciences, Inc. <br /> offl <br /> Ce(e/rath f 25 ZJM'ot S'evuiee <br /> February 13, 2007 <br /> Project No. KE070023A <br /> BPH Assets Corporation <br /> 8115 Broadway, Suite 204 <br /> Everett, Washington 98023 <br /> Attention: Mr. Alexis Chartouni <br /> Subject: Subsurface Exploration, Geologic Hazard, and <br /> Preliminary Geotechnical Engineering Report <br /> Krebs Property <br /> 16XX Everett Mall Way <br /> Everett, Washington <br /> Dear Mr. Chartouni: <br /> We are pleased to present the enclosed copies of the above-referenced report. This report <br /> summarizes the results of our subsurface exploration, geologic hazard, and geotechnical <br /> engineering studies, and offers recommendations for the preliminary design and development <br /> of the proposed project. Our recommendations are preliminary in that construction details <br /> have not been finalized at the time of this report. <br /> We have enjoyed working with you on this study and are confident that the recommendations <br /> presented in this report will aid in the successful completion of your project. If you should <br /> have any questions or if we can be of additional help to you, please do not hesitate to call. <br /> Sincerely, <br /> ASSOCIATED EARTH SCIENCES, INC. <br /> Kirkland, Washington <br /> {2se . <br /> Timoth, . , P.E.G., P.Hg. <br /> Senior ' •'e,t Geologist <br /> TIP/Id <br /> KE070023A1 <br /> Projects\20070023UtE\W P <br /> Kirkland Office•911 Fifth Avenue,Suite 100•Kirkland,WA 98033•P1(425)827-7701•F1(425)827-5424 <br /> Everett Office•2911 1/2 Hewitt Avenue,Suite 2•Everett,WA 98201•P (425)259-0522•F1(425)252-3408 <br /> www.aesgeo.com <br />