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~111111 <br /> <br />~lllI <br /> <br />7S3-717-S48~o' ~i~ <br /> <br />-- Member FDIC <br /> <br />/=.I <br /> <br />May27,2004 <br /> <br />Mr. Eric [--Iaelm ;md Duane ~ <br />Gr~d-i~nt Tccb_no|ogy <br />8744 Wc~ 3~ S~ Dgve <br />Suite A <br />Blaa~ ~ <br />~: Fin~g ~po~ ~ ~c ~c~on cfa 13,~0 sq~ ~t ~~ial bui}din~ m ~c <br />E~ ~v~ ~usin~s <br /> <br />Dear BfiJ: mad Duame: <br /> <br />Thank you for opportunity <br />oud~ ~e t~S ~d~ ~i~ <br />subj~ pro~. <br /> <br />I.' C~Onstruc6on Loan: <br /> <br />Barrow~r: Badg:r Vantum% LLC <br />Loan ~t; S983,5~ ~~ ~o~t: not m ~d t4% of ap~ m~ ~uc. <br />~t~est ~; v~abtc ~ bas~ on ~mtc plus 1% wi~ a fl~r of 6.75%. <br />Co~/F~: ~t~n f~ ~u~ m 1% of~e ~ns~c~ ~m ~o~t pl~ ~1 out~f~ <br />cosB i~ by ~ B~ of~k ~ in ~~c~iag ~ ~n, <br /> <br />~a~~: ~t~t oily, pa~ble money. Pfin~pM duc ~c c~a~ <br /> <br /> ~I~fl; ~=at reft c~atc morgue ~d ~m~ of le~ ~ <br /> <br />C. marant~=: Personal guaranttm-s ofDuane C, octsch and NahuM. Dick~rsm'~ <br /> <br /> MAIN' STREET · $CHIX)L STI~'T * OTS£GO <br /> RIVER WAL.MART, MAPLE GR. OVI~ WAL-MART <br />~.Toet~ nko/Elkl~x~r..cam Bank~'hcBank~tEll~,lvcr.~ om <br /> <br /> <br />