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Tab_45dEXHIBIT D - Form of Notice of Defeasance ALASKA MUNICIPAL BOND BANK NOTICE TO HOLDERS OF THE FOLLOWING ALASKA MUNICIPAL BOND BANK GENERAL OBLIGATION BONDS, 2007 SERIES ONE MATURING ON AND AFTER DECEMBER 1, 2017 NOTICE IS HEREBY GIVEN to the holders of the following defeased Alaska Municipal Bond Bank, General Obligation Bonds, 2007 Series One (the "Defeased 2007 Series One Bonds") that the Defeased 2007 Series One Bonds maturing on and after December 1, 2017, have been called for redemption on December 5, 2016, in accordance with their terms, at a redemption price equal to 100% of the principal amount thereof, plus in each case accrued interest to the date fixed for redemption. The funds to be used for each redemption have heretofore been deposited with the Escrow Agent. The 2007 Series One Bonds were issued on January 31, 2007 and the 2007 Series One Bonds being defeased accrue interest at the following interest rates: Maturity Outstanding Original CUSIP Redemption Defeased Defeased Date Principal Interest No. Price (b/0 of Principal CUSIP No. (December 1) Amount Rate (01179) Principal) Amount (01179) 2017 $1,515,000.00 5.000% P5K9 100% $1,515,000.00 P5K9 2017 1,285,000.00 4.125 P5J2 100 1,285,000.00 P5J2 2018 1,430,000.00 4.125 P51,7 100 1,430,000.00 P5L7 2018 1,915,000.00 5.000 P5M5 100 1,915,000.00 P5M5 2019 1,760,000.00 4.000 P5N3 100 1,760,000.00 P5N3 2020 2,320,000.00 4.125 PRK5 100 2,320,000.00 PRK5 2021 425,000.00 4.250 PRL3 100 425,000.00 PRL3 2026 580,000.00 4.375 PRM1 100 580,000.00 PRM1 * As of October 18, 2016. This CUSIP® number has been assigned by the Bond Bank's CUSIP Global Services and is included solely for the convenience of the holders. Neither the Bond Bank nor the Escrow Agent or Trustee shall be responsible for the selection or use of this CUSIP® number, nor is any representation made to its correctness on the bond or as indicated in any redemption notice. Holders of the Defeased 2007 Series One Bonds maturing on and after December 1, 2017 being redeemed will receive payment of the redemption price and accrued interest to which they are entitled upon presentation and surrender thereof at the designated corporate trust office of The Bank of New York Mellon Trust Company, N.A., as set forth below. First Class/Registered/Certified Express Delivery Only By Hand Only The Bank of New York Mellon The Bank of New York Mellon The Bank of New York Mellon Global Corporate Trust Global Corporate Trust Global Corporate Trust P.O. Box 396 111 Sanders Creek Parkway Corporate Trust Window East Syracuse, New York 13057 East Syracuse, New York 13057 101 Barclay Street, 1st Floor East New York, New York 10286 AMBB - General Obligation and Refunding Bonds, 2016 Series Three Escrow Agreement (2007 Series One) Page D4 Such Refunded Bonds have been defeased and therefore are deemed to be no longer outstanding, but will be payable solely by application of moneys deposited into the escrow account held by the Escrow Agent. DATED this day of 20 AMBB - General Obligation and Refunding Bonds, 2016 Series Three Escrow Agreement (2007 Series One) Page D-1