SUMMIT PLACE 156 LLC 10220 NE Points Drive, Suite 120 Kirkland, Washington 98033 February 17, 2011 King County Real Estate Services Attn: Harold McNelly 500 Fourth Avenue Seattle, WA 98104-3856 Re: Exercise of Buyer’s contingency pursuant to the Real Estate Purchase and Sale Agreement dated February 20, 2009 between King County (“Seller”) and Summit Place 156 LLC (“Buyer”), as amended by the First Amendment to the Real Estate Purchase and Sale Agreement dated February 19, 2010 (collectively, the “Agreement”), which provides for the sale by Seller and the purchase by Buyer of certain real property in Maple Valley, Washington (the “Property”) Dear Harold: Pursuant to Section 5.1 of the Agreement, Buyer hereby informs Seller that it will not be waiving its Buyer’s contingency for the purchase of the Property on or before the expiration of the Due Diligence Period. Instead, this letter constitutes Buyer’s written notice to Seller under Section 5.1.1 that Buyer: (i) elects to terminate the Agreement and all further rights and obligations of both parties thereunder; and (ii) respectfully requests return of its eamest money promissory note per the terms of the Agreement. If you have any questions or need further clarification, please contact me at 425-898-2100. Sincerely, She Brian Ross, President of BRNW, Inc., in its capacity as Manager of Summit Place 156 ce: King County Road Services Division, Attn: Linda Dougherty, 201 Jackson Street, Seattle, WA 98104 King County Prosecuting Attomey, Attn: Scott Johnson, 900 King County Administration Building, 500 Fourth Avenue, Seattle, WA 98104 King County Prosecuting Attorney, Attn: Jennifer Stacy, 900 King County Administration Building, 500 Fourth Avenue, Seattle, WA 98104 Fred Jarrett, King County Deputy County Executive, Chinook Building, 401 5" Ave, Ste 800, Seattle, WA. 98104 Lauren Smith, Manager, Land Use/Unincorporated Area Relations, Chinook Building, 401 5" Ave, Ste 800, Seattle, WA 98104 Kathy Brown, Director, Facilities Management Division, King County Administration Building, 500 Fourth Avenue, Room 800, Seattle, WA 98104 Paul Reitenbach, Senior Policy Analyst, DDES, 900 Oakesdale Ave. SW, Renton, WA 98057-5212 Cynthia Beme, Long Bay Enterprises, 810 Third Ave., Suite 308, Seattle, WA 98104 Mary Ann Hingst, Chicago Title Insurance Company, 701 Sth Ave Suite 2300 Seattle, WA 98104 ‘Tom Read, Alston Courtnage & Bassetti LLP, 1000 Second Avenue, Suite 3900, Seattle, WA 98104-1045