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I.AI(~ AS~A(J~T <br />October 10, 2008 <br />Catherine Mehelich <br />City of Elk .River <br />13065 Orono Parkway <br />Elk River, MN 55330 <br />Dear Catherine, <br />As per your e-mail of September 29, 2008, Lake Assault Custom Boats is asking for an <br />extension on its current micro loan financed through the City of Elk River. Enclosed you <br />will find copies of current fmancial statements as well as a completed application to <br />facilitate our request. <br />Catherine, thank you for all your time and efforts and should you have any further <br />questions please do not hesitate to contact me. <br />Sincerely, <br />~~~~~ <br />Jerry Atherton <br />Lake Assault Custom Boats <br />Encl: Financial Statements <br />Micro Loan Application <br />9954 Highway 10, Elk River, MN 55330 <br />(763) 633-0766 Fax: (763) 633-0767 <br />www.lakeassault.com <br />