EX-10.11






WELLS FARGO BANK, SECOND NOTE MODIFICATION


NATIONAL ASSOCIATION WITH STINGRAY PROPERTIES, LLC



THIS SECOND NOTE MODIFICATION AGREEMENT (the “Modification Agreement”), effective
August 15, 2006 (the “Effective Date”), is between STINGRAY PROPERTIES, LLC (the
“Borrower”) and WELLS FARGO BANK, NATIONAL ASSOCIATION (the “Bank”).




RECITALS



FIRST: Pursuant to that Construction — Term Loan Agreement effective September 16,
2005 (the “Loan Agreement”), the Bank granted the Borrower a $4,000,000.00
construction — term loan (the “Loan”) to finance the construction of improvements to
the property legally described on Exhibit A attached hereto (the “Property”).



SECOND: The Borrower’s obligation to repay the Loan is evidenced by that certain
Construction Loan Note dated of even date with the Loan Agreement and in the original
principal amount of $4,000,000.00, as modified by a Note Modification Agreement dated
effective July 1, 2006 (as modified, the “Note”). Payment of the Note, in turn, is
secured by that certain Third Party Mortgage, Security Agreement, Fixture Financing
Statement, and Assignment of Leases and Rents on the Property from Sylvan Holdings,
LLC, a Minnesota limited liability company (the “Mortgage”). The Mortgage is dated of
even date with the Note and is a lien on the Property. The Note is guaranteed by the
individual Guaranty of each of the Guarantors, as defined in the Agreement, Sylvan
Holdings, LLC, Crystal Blue Properties, LLC Ronald Berg, Gary Verkinnes, Dr. Jeffrey
Gerdes, Dr. Hector Ho, and Dr. Samir Elghor.



THIRD: The Borrower and the Bank desire to clarify the interest rate stated in the Note.



NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the Borrower and the Bank agree as follows:



1. Note Modification. The section of the Note under the heading “INTEREST” is
hereby modified as follows: In subsection (a), the provision stating the interest
rate is hereby amended and restated in its entirety to read, “at a floating rate
per annum equal to the sum of LIBOR and a margin of one and ten hundredths percent
(1.10%), from and including August 15, 2006.”



2. Miscellaneous.



(a) Except as expressly modified by this Modification Agreement, all terms and
conditions of the Note and the Loan Agreement and Loan Documents, as defined
in the Loan Agreement, shall remain unchanged and in full force and effect.



multiple counterparts, each




(b) This Modification Agreement may be executed in of which shall be deemed an original.



executed this Modification



IN WITNESS WHEREOF, the Bank and the Borrower have Agreement as of the Effective Date.


WELLS FARGO BANK, NATIONAL ASSOCIATION



By: /s/ Todd Mack

Its: Vice President




STINGRAY PROPERTIES, LLC



By: /s/ Ronald Berg

Its: Chief Financial Officer




ACKNOWLEDGMENT AND CONSENT




Each of the undersigned Guarantors acknowledges and consents to the foregoing Note Modification
Agreement, and agrees that his Guaranty remains in full force and effect and covers the Note, as
modified by the foregoing.



	 	 	 
	/s/ Jeffrey Gerdes

	Name:

	 	Jeffrey Gerdes






Dated: September 12, 2006



	 	 	 
	/s/ Ronald Berg

	Name:

	 	Ronald Berg






Dated: September 12, 2006



/s/ Dr. Hector Ho


Dr. Hector Ho


Dated: September 12, 2006



	 	 	 
	/s/ Gary Verkinnes

	Name:

	 	Gary Verkinnes






Dated: September 12, 2006



	 	 	 
	/s/ Samir Elghor

	Name:

	 	Samir Elghor






Dated: September 12, 2006



SYLVAN HOLDINGS, LLC,


a Minnesota limited liability company



	 	 	 
	By: /s/ Jeffrey Gerdes

	Name:

	 	Jeffrey Gerdes






Title: Chief Manager


Dated: September 12, 2006



CRYSTAL BLUE PROPERTIES, LLC


a Minnesota limited liability company



	 	 	 
	By: /s/ Gary Verkinnes

	Name:

	 	Gary Verkinnes






Title: Chief Manager


Dated: September 12, 2006