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Equity Loan Promissory Note (Form-14)

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EQUITY LOAN PROMISSORY NOTE

(FORM-14)

Due Date:___________

For value received, we, the undersigned, and if more than one jointly and severally, promise to pay

to the principal sum of $_____________, plus interest on the principal amount, from the date of execution set forth below,

at the rate of _______________% per annum*, both before and after demand.

“P” or “Prime” if used in this promissory note, means the prime rate, from time to time, published and charged to the

said Feeder Association by

Payment shall be

made on the Due Date, or demand, whichever first occurs.

Dated this ____ day of _______________________, 20__.

MEMBER

Print complete corporate, partnership or joint venture

name, if Member is a corporation, partnership or joint

venturer

Per:

Signature and printed name of Witness

Signature and printed name of Member

or Member’s authorized representative

Per:

Signature and printed name of Witness

Signature and printed name of Member

or Member’s authorized representative

[Completion instructions: Insert a fixed rate if interest is fixed, “Prime plus (insert rate)” if the rate is above prime, “Prime

minus (insert rate)” if the rate is less than prime and “Prime” if the rate is prime].

Calculation of Principal:

Equity Loan:

Administration

________________________________

Fee:

Promissory Note

________________________________

Principal:

________________________________

FAA (Feeder Associations of Alberta Ltd.)

Box 4638 Barrhead, Alberta T7N 1A5 Tel: 780.674.2622

Equity Loan Promissory Note (Form-14)

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