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G IUITF1 N <br />COMPANIES <br />February 2, 2006 <br />Mansetti's Pizza and Pasta <br />Attn: Jim Szyplinski <br />16323 Edison Street NE <br />Ham Lake, MN 55304 <br />Re: NOTICE OF DEFAULT <br />Dear Mr. Szyplinski: <br />Certified Mail/Return Receipt <br />7005 1820 0002 3189 2853 <br />This letter hereby serves as notice that you are in non - compliance with your Lease <br />Agreement concerning the premises at Spirit Hills Retail Center, for your failure to pay; <br />Rent, Operating Expenses, Insurance and Real Estate Tax Charges, Tenant Improvement <br />loan payments, and late fees dating back as far as February 2005. The total amount now <br />due and owing is S19, 970.42. This amount includes all amounts due for the month of <br />February, 2006. <br />DEMAND IS HEREBY MADE for full payment of said S19,970.42. Payment in full <br />must be made immediately and will only be accepted if made by certified check payable <br />to Spirit Hills Retail Center c/o Griffin Companies at 615 First Avenue NE, Suite 500, <br />Minneapolis, MN 55413. DO NOT SEND FULL OR PARTIAL PAYMENTS to the <br />bank as previously requested. Failure to make frill payments as directed in this letter will <br />result in further collection commencing, which will include legal action, in which event <br />you will also be responsible for attorney's fees and other associated costs. <br />Please contact me at 612.904.7855 as soon as possible upon receipt of this notice. <br />Sincerely, <br />,61LeJ <br />Dave Syers <br />Property Manager <br />/eal <br />Encl. <br />615 First Avenue N=, Suite 500 Minneapolis, MN F,413 <br />Phone 612- 338 -2626 Fax: 612 -33B -5268 <br />wvvvt.grifiinces_com <br />