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VIKING COMPA V ANIES

Real Est tate investme ent and Opera rating Compan nies
VIKING VENTUR HOLDING COM RES MPANY LLC VIKING CAPITA HOLDING COMP AL PANY LLC VIKING CAP PITAL INVESTMENT LLC TS VIKING MANAGEMENT LL LC VIKIN VENTURES LLC NG

March 2, 2011 Mr. John A. Mannix Assistant Superintende Operation ent, ns Monroe S School District t 200 East Fremont Stre eet Monroe, W 98272-23 WA 336 Re: Sky V Valley Educat tion Center

Dear Mr. Mannix: We receiv ved your lette to us date February 2 2011 reg er ed 28, garding the districts decis sion to conso olidate schools. We are conf fused by your reference to termination of our lease however. Section 2.3 o the o n e, of lease prov vides for early termination of the lease only in the event of som listed exte n e me ernal factor be eyond the distric control, and the distric internal decision to co cts cts onsolidate sch hools for economic efficien is ncy not one of those factor f rs. that you will review the lea again and expect the district to rem r ase d main in the premises throughout We trust t the remainder of the le ease term. Sincerely, , FRYELAN NDS SIXTH AVENUE LLC A C ent By: Osakis Developme Corp., Manager

________ ___________ ___ C. David T Taylor President

819 WIND DSOR DRIVE SE S

SAMMAM MISH, WA 98074

TELEPHONE 425-557-8 8400

FACSI IMILE 425-557-8444