1. Mud Run, 2007 Team Studley Southern California Downtown Los Angeles West Los Angeles Orange County San Diego Camp Pendleton, Oceanside, CA 10K Mud Run Saturday, October 20, 2007

2. Mud Run, 2007 Studley participated in the 16 th Annual Armed Services YMCA Mud Run, a fundraiser for quality-of-life programs for active U.S. Marines, sailors and their families, by entering three teams and as an event sponsor. The firm also utilized the event for internal team building.

3. Mud Run, 2007 Studley joined 3,500 other participants in the challenging six-mile run at Camp Pendleton that featured…

4. Mud Run, 2007 … hill climbs,

5. Mud Run, 2007 …obstacles,

6. …river crossings,

7. Mud Run, 2007 …two five-foot walls with mud on both sides,

8. Mud Run, 2007 …a tunnel crawl,

9. Mud Run, 2007 …and a final 30-foot mud pit.

10. Mud Run, 2007 Emblematic of the firms team environment and the Marine motto of no man left behind, Studley troops crossed the finish line together.

11. Mud Run, 2007 Studleys philanthropic efforts were recognized in the California Real Estate Journals, The Human Side of Commercial Real Estate column.

12. Mud Run, 2007 Nationally, Studley encourages its offices to give back to the communities in which they work. Through its Southern California Community Involvement Committee, the firm has lent its support to: Los Angeles Regional Food Bank MS Walk for the Cure Balboa Beach Clean Up Beautification Day at 5 Acres orphanage