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sP Air in. <br /> April 12, 2016 <br /> City of Elk River <br /> ATTN:Amanda Othoudt <br /> 13065 Orono Parkway <br /> Elk River, MN 55330 <br /> Ms. Othoudt, <br /> Sportech Inc. has satisfied all job and wage goals as identified in our forgivable loan agreement <br /> with the Economic Development Authority of the City of Elk River. <br /> This letter is our formal letter requesting a satisfaction agreement forgiving the entire principle <br /> balance of the note dated April 25, 2014. <br /> Thank you <br /> Respectfully, <br /> / / <br /> Chris Carlson, President <br /> Sportech Inc. <br />