To: Stingray Properties, LLC Attention: Gary Verkinnes 6975 Seukview Drive St. Cloud, MN 58303 Telephone; (320) 253-0228 Fax: (320) 251-9368 From: Wells Fargo Bank, N.A. Attention: Martha Burke 417 Montgomery Street Suite 500 MAC A0108-050 San...

To:		Stingray Properties, LLC Attention: Xxxx Xxxxxxxxx 0000 Xxxxxxxx Xxxxx Xx. Xxxxx, XX 00000 Telephone; (000) 000-0000 Fax: (000) 000-0000
From:		Xxxxx Fargo Bank, N.A. Attention: Xxxxxx Xxxxx 000 Xxxxxxxxxx Xxxxxx Xxxxx 000 XXX X0000-000 Xxx Xxxxxxxxx, XX 00000 Telephone: (000) 000-0000 Fax: (000) 000-0000

Date: August 26, 2005

Dear Xxxx Xxxxxxxxx,

The purpose of this letter agreement is to confirm the terms and conditions of the transaction (Transaction•) entered into between Xxxxx Fargo Bank, N.A. (“Party A”) and Stingray Properties. LLC, a Minnesota limited ability company (“Party B”). This Transaction is effective at, ovules of 12:01 a.m., California time, on the Trade Data specified below.

This Confirmation supplements, forms part of, and is subject to that certain interest Rate Master Agreement by and between Party A and Party B, a copy of which either is being delivered herewith or has been delivered if such Interest Rate Master Agreement has not been previously executed, Party B hereby agrees to promptly execute and deliver such Interest Rate Master Agreement together with such other documents Party A may reasonably require. tint’) the parties hereto execute en interest Rate Master Agreement, this communication itself constitutes a binding agreement between us setting forth the essential terms or the Transaction and incorporates by reference Party As form of interest Rate master Agreement. All provisions incorporated by reference from that Interest Rate Master Agreement govern this Confirmation except as expressly modified below.

The terms of the Transaction to which this Confirmation relates are as follows:

Transaction Type:		Swap
Trade Date:		August 26, 2005
Effective Date:		September t. 2006, subject to adjustment in accordance with the Following Business Day Convention.
Termination Date:		September 1, 2021, subject to adjustment in accordance with the Following Business Day Convention.
Fees:		Not applicable.
National Amount:		USD 4,000,000.00 (initial Notional Amount • please refer to the attached Schedule I)
Fixed Rate Side:
Fixed Rate Payer:		Party B
Fixed Rate:			6.00	%
Day Count Convention:		Actual/100
Business Day Convention:		Following
Calculation Period:		From the 1st day of each month, up to the 1st day of the following month, continuing until the Termination Xxxx, subject to adjustment in accordance with the designated Business Day Convention. The first Calculation Period will be September 1. 2006 to October 2, 2006.
Floating Rate Side:
Floating Rate Payer:		Party A
Floating Rate:		USD-LIBOR plus 1.10%
Initial Floating Rate:		To be determined.
Floating Rate Maturity:		1 Month
Reset Dates:		The 1st day of each month, subject to adjustment in accordance with the designated Business Day convention. The first Reset Date is September 1, 2006.
Compounding:		No Applicable.
Day Count Convention:		Actual/360
Business Day Convention:		Following
Calculation Period:		From the 1st day of each month, up to the 1st day of the following month, continuing until the Termination Date, subject to adjustment in accordance with the designated Business Day convention. The first Calculation Period will be September 1, 2006 to October 2, 2006.
Settlement Payment Dates:		The 1st day of each month, beginning with October 2, 2006, continuing up to the and including the Termination Date, subject to adjustment in accordance with the designated Business Day Convention.
Business Days:		New York City

Loan Facility: That certain Loan Facility as evidenced by that certain promissory note dated on or about September 1, 2005 in the amount of USD 4,000,000.00, extended by Party A to Party B (“Note”), which is subject to the terms and conditions of that certain loan agreement dated as of an even date therewith (“Loan Agreement”), as modified, amended and/or extended from time to time, (the Note and the Loan Agreement are hereby collectively defined herein as the “Loan Documents”).

Security:		Not Applicable.
Credit Support:		Not Applicable.
Settlement Instructions for Payments:
Payments due to Party A:		Party A will debit settlement payment(s) from the following account:
		ABA Number: 0911300019 DDA Number: 2526133869
Payments due to Party B:		Party A will credit settlement payment(s) to the following account:
		ABA Number: 091004019 ODA Number: 2528133869
Delivery Instructions for Notices:
Send Notices to Party A:		Xxxxx Fargo Sank. N.A. Attention: Documentation Group 000 Xxxxxxxxxx Xxxxxx, Xxxxx 000 XXX XX0000000 Xxx Xxxxxxxxx, XX 94104 Telephone: (000) 000-0000 Fax: (000)000-0000
Send Notices to Party B:		Stingray Properties, LLC Attention: Xxxx Xxxxxxxxx 0000 Xxxxxxxx Xxxxx Xx. Xx. Xxxxx, XX 00000 Telephone: (000)000-0000 Fax: (000) 000-0000

Please confirm that the foregoing comedy sets forth the terms of our agreement by having an authorized individual sign and return this document by facsimile to the Documentation Group at (000) 000-0000. If you have any questions, please cell Xxxx Xxxxxx at (000) 000-0000.

Yours sincerely,

Xxxxx Fargo Bank, N.A.

By:
Name:		Xxxxxx Xxxxx
Its:		Authorized Signatory

Accepted and confirmed as of the Trade Date:       

Stingray Properties, LLC, a Minnesota limited liability company

By:
Name:		Xxxx X. Xxxxxxxxx
Its:		Partner