Contract analysis

V-01 | Authorization | CSIA Board Resolution authorizing easement acquisition and expenditure of funds for PS-1 and PS-2 permanent easements and temporary construction easement | E-01, E-02 | CSIA (Connor Oakes) | 2025-06-30 | Pending | Board must authorize aggregate compensation of $677,000 ($615,000 permanent + $62,000 temporary)

V-02 | Offer Letter | Good-faith offer letter delivered to Veldkamp Family Holdings LLC per RCW 8.25 | E-01, E-02 | C&H (Grace Nakamura) | 2025-04-21 | Pending | Combined offer of $677,000. 30-day response period. Copy to Bridger Hollis & Pratt LLP (Nadia Sorensen).

V-03 | Offer Letter | Confirmation of receipt of offer letter by Veldkamp / BHP | E-01, E-02 | BHP (Nadia Sorensen) | 2025-04-28 | Pending

V-04 | Offer Letter | Landowner response / acceptance or counter-offer | E-01, E-02 | Veldkamp (Hendrik Veldkamp) / BHP | 2025-05-21 | Pending | 30-day response deadline

V-05 | Appraisal | Appraisal report delivered to Grantor (summary per RCW 8.25) | E-01, E-02 | C&H / CSIA | 2025-04-21 | Pending | Northwind Valuation Group LLC, Jocelyn Trueblood MAI, dated March 14, 2025. USPAP / Yellow Book methodology.

V-06 | Survey | ALTA/NSPS survey of PS-1 easement area (2.3 acres, Parcel 380219-401200) — delivery of final survey and plat | E-01 | Ironclad (Karen Whitfield, PLS) | 2025-06-15 | Pending

V-07 | Survey | ALTA/NSPS survey of PS-2 easement area (1.8 acres, Parcel 380219-401201) — delivery of final survey and plat | E-01 | Ironclad (Karen Whitfield, PLS) | 2025-06-15 | Pending

V-08 | Survey | Survey and plat of temporary construction easement areas (3.1 acres across Parcels 380219-401200, -401201, -401203) | E-02 | Ironclad (Karen Whitfield, PLS) | 2025-06-15 | Pending

V-09 | Legal Description | Metes-and-bounds legal descriptions for PS-1 permanent easement — final | E-01 | Ironclad (Karen Whitfield, PLS) | 2025-06-15 | Pending | To be attached as Exhibit to Permanent Easement Agreement

V-10 | Legal Description | Metes-and-bounds legal descriptions for PS-2 permanent easement — final | E-01 | Ironclad (Karen Whitfield, PLS) | 2025-06-15 | Pending | To be attached as Exhibit to Permanent Easement Agreement

V-11 | Legal Description | Metes-and-bounds legal descriptions for temporary construction easement areas — final | E-02 | Ironclad (Karen Whitfield, PLS) | 2025-06-15 | Pending

V-12 | Title | Title commitment received from Cascade Basin Title Company for Parcel 380219-401200 | E-01 | Cascade Basin Title (Diane Ashworth) | 2025-05-15 | Pending | Review Schedule B exceptions; identify curative requirements

V-13 | Title | Title commitment received from Cascade Basin Title Company for Parcel 380219-401201 | E-01 | Cascade Basin Title (Diane Ashworth) | 2025-05-15 | Pending

V-14 | Title | Title commitment received from Cascade Basin Title Company for Parcel 380219-401203 (pipeline segment) | E-02 | Cascade Basin Title (Diane Ashworth) | 2025-05-15 | Pending

V-15 | Title | C&H review of title commitments — identification of encumbrances (agricultural conservation easements, utility easements, deeds of trust, tax liens) and curative actions | E-01, E-02 | C&H (Grace Nakamura) | 2025-05-30 | Pending | Per Title Review Memorandum

V-16 | Title | Resolution of all title curative items (lien releases, subordination agreements, etc.) | E-01, E-02 | C&H / Veldkamp / BHP | 2025-07-31 | Pending

V-17 | Title | Bring-down title search / certification — dated no more than 5 business days prior to closing | E-01, E-02 | Cascade Basin Title (Diane Ashworth) | 2025-08-11 | Pending | Confirm no intervening liens, judgments, or encumbrances since initial commitment

V-18 | Title Insurance | Title insurance policy endorsements ordered — owner's and lender's (if applicable) for easement interests | E-01, E-02 | Cascade Basin Title (Diane Ashworth) | 2025-08-01 | Pending | Endorsements: survey, access, zoning as recommended in Title Review Memo

V-19 | Easement Agreement | Permanent Easement Agreement (PS-1 & PS-2) — final draft circulated to BHP | E-01 | C&H (Grace Nakamura / Rafael Dominguez) | 2025-06-01 | Pending

V-20 | Easement Agreement | Permanent Easement Agreement — BHP / Veldkamp comments received | E-01 | BHP (Nadia Sorensen / Tyler Fong) | 2025-06-30 | Pending

V-21 | Easement Agreement | Permanent Easement Agreement — final execution version agreed | E-01 | C&H / BHP | 2025-07-15 | Pending

V-22 | Easement Agreement | Temporary Construction Easement Agreement — final draft circulated to BHP | E-02 | C&H (Grace Nakamura / Rafael Dominguez) | 2025-06-01 | Pending

V-23 | Easement Agreement | Temporary Construction Easement Agreement — BHP / Veldkamp comments received | E-02 | BHP (Nadia Sorensen / Tyler Fong) | 2025-06-30 | Pending

V-24 | Easement Agreement | Temporary Construction Easement Agreement — final execution version agreed | E-02 | C&H / BHP | 2025-07-15 | Pending

V-25 | Execution | Permanent Easement Agreement executed by Grantor — Hendrik "Hank" Veldkamp on behalf of Veldkamp Family Holdings LLC | E-01 | Veldkamp (Hendrik Veldkamp) | 2025-08-15 | Pending | Notarized signature required for recording

V-26 | Execution | Permanent Easement Agreement executed by Grantee — CSIA authorized signatory | E-01 | CSIA | 2025-08-15 | Pending | Per CSIA Board resolution

V-27 | Execution | Temporary Construction Easement Agreement executed by Grantor | E-02 | Veldkamp (Hendrik Veldkamp) | 2025-08-15 | Pending | Notarized

V-28 | Execution | Temporary Construction Easement Agreement executed by Grantee — CSIA | E-02 | CSIA | 2025-08-15 | Pending

V-29 | Representations & Warranties | Grantor Representations and Warranties Certificate — Veldkamp Family Holdings LLC (authority to convey, no undisclosed encumbrances, no pending litigation, environmental condition reps) | E-01, E-02 | Veldkamp / BHP | 2025-08-15 | Pending

V-30 | Tax Proration | Tax proration calculation — real property taxes prorated as of closing date for Parcels 380219-401200, -401201, -401203 | E-01, E-02 | C&H / Cascade Basin Title | 2025-08-10 | Pending | Based on Whatcom County tax records; prorate to date of recording

V-31 | Funds Disbursement | Wire instructions obtained from Veldkamp / BHP for compensation payment | E-01, E-02 | BHP (Nadia Sorensen) | 2025-08-01 | Pending

V-32 | Funds Disbursement | CSIA funds transfer of $615,000 (permanent easement compensation) to Cascade Basin Title escrow or directly to Veldkamp | E-01 | CSIA (Connor Oakes) | 2025-08-15 | Pending | PS-1: $345,000 + PS-2: $270,000 = $615,000

V-33 | Funds Disbursement | CSIA funds transfer of $62,000 (temporary construction easement compensation) to Cascade Basin Title escrow or directly to Veldkamp | E-02 | CSIA (Connor Oakes) | 2025-08-15 | Pending | 3.1 acres temporary workspace

V-34 | Recording | Permanent Easement Agreement recorded with Whatcom County Auditor — obtain recording number | E-01 | C&H / Cascade Basin Title | 2025-08-15 | Pending | Recording fee to be advanced by C&H and reimbursed by CSIA

V-35 | Recording | Temporary Construction Easement Agreement recorded with Whatcom County Auditor — obtain recording number | E-02 | C&H / Cascade Basin Title | 2025-08-15 | Pending

V-36 | Post-Closing | Conformed copies of recorded easements distributed to CSIA, Veldkamp, BHP, and Cascade Basin Title | E-01, E-02 | C&H (Rafael Dominguez) | 2025-08-22 | Pending

V-37 | Post-Closing | Title insurance policies issued and delivered | E-01, E-02 | Cascade Basin Title (Diane Ashworth) | 2025-09-15 | Pending [sheet: Closing Checklist — Dunlap Cree] Item No. | Category | Checklist Item | Transaction Ref | Responsible Party | Target Date | Status | Notes / Comments D-01 | Authorization | CSIA Board Resolution authorizing easement acquisition and expenditure of funds for PS-3 permane