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GRIM <br />COMPAN IES <br />January 12, 2006 <br />Mansetti's Pizza and Pasta <br />Attn: Jim Szypiinski <br />16323 Edison Street NE <br />Ham Lake, MN 55304 <br />Re: NOTICE OF DEFAULT <br />Dear Mr. Szyplincki- <br />Certified Mai /Return Receipt <br />7005 1820 0002 3189 2815 <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, and late fees dating <br />back as far as February 2005. The total amount now due and owing is $16,881.80. <br />DEMAND IS HEREBY MADE for payment of said S16,881.80. Payment in full must <br />be made no later than ten (10) days of the date of this letter. If payment is not made <br />within ten (10) days of the date of this letter, further collection will commence, which <br />may include legal action, in which event you will also be responsible for attorney's fees <br />and costs. <br />Please contact me at 612.904 -7855 as soon as possible upon receipt of this notice. <br />Sincerely, <br />Dave Syers <br />Property Manager <br />/eal <br />Encl. <br />65 Fast Avenue NE, Suite SOO Minneapolis, MN 554B <br />Phone, 612- 338 -2828 Fax: 6i2- 338 -288 <br />www_,iffincos.com <br />