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R Henningsgard-LapTwo/H Steinmetz-Elk River EDA/6APR05/2 of 2 <br /> IIIBecause of our move into the new office space, our need for space in <br /> • the Elk River Business Incubator is at an end. As you know, our <br /> current sublease agreement does not expire until September 2005. To <br /> reduce the cash outflow burden on LapTwo, and to free up the incubator <br /> space for any potential new candidate startup businesses, I <br /> respectfully request that the EDA release LapTwo from the remaining <br /> months of the lease. LapTwo will, of course, faithfully complete its <br /> stock-for-space issue and settle the cash payment obligations due under <br /> the lease as of today, and also those which will continue until <br /> September if the EDA's response to this early termination request is <br /> denied. We will continue to maintain the headquarters of LapTwo in Elk <br /> River for the foreseeable future. <br /> On behalf of LapTwo, its employees, and its investors, I want to thank <br /> the Elk River Economic Development Authority, its director Catherine <br /> Mehelich, assistant director Heidi Steinmetz, and consultant Harlan <br /> Jacobs for recommending and accepting LapTwo into Elk River's business <br /> incubator program. As you have all observed, starting a new business <br /> with new product concepts is a challenging task. Our participation in <br /> the incubator program has facilitated this startup task in a number of <br /> ways, both financial and otherwise. While our startup challenges <br /> continue, we will soon the effects of our new products in the <br /> marketplace and, hopefully, grow LapTwo into another successful Elk <br /> River High Technology employer and taxpayer. <br /> Sincerely, <br /> Robert C. Henningsgard <br /> President <br /> LapTwo Technologies, LLC <br /> 410 <br />