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Wachholz to Whitehead/Glacier Investment Group Latecomer FeesMontana Venture Partners, LLP Paul D. Wachholz P.O. Box 1477 Kalispell, MT 59903-1477 September 8, 2008 Mr. Purnal D. Whitehead Mechanical/Construction Engineer Morrison Maierle, Inc. 125 Schoolhouse Loop P.O. Box 8057 Kalispell, MT 59904 Dear Purnal, Thank you for your phone call this past week pertaining to the latecomers fees for the Glacier Investment Group. The Morrison Maierle building is beautiful and is a great addition to Old School Station. Everyone has met the latecomers' fees with the exception of Glacier Investment Group and, though you have acknowledged that the latecomers' fees are due, you have not stated to the City of Kalispell or to Montana Venture Partners, LLP when they will be paid. Unfortunately, terms are not available. All the latecomers' fees are applied to the bond and they are an intricate part of the Old School Station project as well as the Morrison Maierle building that is in the project. We know that you are working on raising the money and the City of Kalispell is anxiously awaiting those funds. Thank you again for your phone call and we are looking forward to getting this matter behind us. Sincerely, Paul D. Wachholz A Managing Partne Montana Venture Partners, LLP cc: Kenneth Kalvig