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~GR,4DIL14T TL'L:K~1'nLC>CrY <br />11080Industrial Circle NW Th.e driving fir°re in innavative cherreical solutiwns Tel: (763) 792-9990 <br />Elk River, MN 55330 ~ `"° ~ ~'" ~ -~- '' Fax: (763 792-9972 <br />April 8, 2010 <br />City Of Elk River <br />13065 Orono Parkway <br />Elk River, MN 55330 <br />Attn: Catherine Mehelich <br />RE: Continuation of EDA Micro Loan Funding <br />In May 2005 Badger Ventures, LLC received a $100,000 loan from the EDA to assist in the <br />financing of construction of a Corporate headquarters for Gradient Technology. This loan was <br />extended in July 2007 and matures April 10, 2010. To date Badger Ventures has made prompt <br />payment of all scheduled payments on this loan. <br />We are requesting the EDA to continue their participation with the loan until April 2012. This <br />date extends the total term of the EDA loan to a 7 year period. <br />We appreciate your assistance and consideration of this request. <br />Regards, <br />Eric B. Haehn <br />CEO Gradient Technology <br />CFO Badger Ventures, LLC <br />