DTLL, Inc. Extension of Offer Letter to Grand Sierra Resort Corp. Shareholders (April 6, 2006)

Summary

DTLL, Inc. sent this letter to Grand Sierra Resort Corp. and its board, confirming receipt of prior correspondence and agreeing to provide requested information and financing commitments for a proposed transaction. The letter also formally extends DTLL, Inc.'s offer to Grand Sierra Resort Corp. shareholders until 5 p.m. EST on May 9, 2006. The main parties are DTLL, Inc. and Grand Sierra Resort Corp. The letter sets a new deadline for the offer and outlines DTLL, Inc.'s commitment to supply necessary documentation to close the transaction.

EX-10.1 2 v042605_ex10-1.txt Exhibit 10.1 DTLL April 6, 2006 Thomas Schrade President Board of Directors VIA E-MAIL GRAND SIERRA RESORT CORP. CERTIFIED MAIL 3468 Rice Street Vadnais Heights MN 55126 RE: Proposed Transaction Dear Mr Schrade and Members of the Board, This letter is in response to your letter dated April 4, 2006. Please be advised that DTLL, Inc did not receive a copy of the letter from Grand Sierra Resorts Corp. dated March 17, 2006 until April 5, 2006. This is to confirm that we will provide the information you have requested in your letter, in addition to financing commitments, sufficient to close the transaction, as previously provided to you at the meeting in Minneapolis on March 7, 2006. This is to advise you that DTLL, Inc has extended the offer to the Grand Sierra Resorts Corporation shareholders until 5 pm EST May 9th, 2006. Sincerely, Dual Cooper President Destination Travel Leisure International 1650 West 82nd Street, Suite 1200, Bloomington, MN 55431