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Tab_46dEXHIBIT 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 TWO 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 Two (the "Defeased 2007 Series Two Bonds") that the Defeased 2007 Series Two 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 Two Bonds were issued on April 5, 2007 and the 2007 Series Two Bonds being defeased accrue interest at the following interest rates: Maturity Outstanding Original CUSIP Redemption Defeased Defeased Date Principal Interest No. Price (b/o of Principal CUSIP No. (December 1) Amount* Rate (01179) Principal) Amount (01179) 2017 $940,000.00 4.000% PSL2 100% $940,000.00 PSL2 2018 1,030,000.00 5.000 PSMO 100 1,030,000.00 PSMO 2019 1,105,000.00 5.000 PSN8 100 1,105,000.00 PSN8 2020 1,830,000.00 5.000 PSP3 100 1,830,000.00 PSP3 2021 1,925,000.00 4.000 PSQ1 100 1,925,000.00 PSQ1 2022 2,270,000.00 4.000 PSR9 100 2,270,000.00 PSR9 2023 2,525,000.00 4.500 PSS7 100 2,525,000.00 PSS7 2024 1,910,000.00 4.125 PST5 100 1,910,000.00 PST5 2026 4,200,000.00 4.500 PSU2 100 4,200,000.00 PSU2 2028 5,340,000.00 4.500 PSVO 100 5,340,000.00 PSVO * 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 Two 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. AMBB - General Obligation and Refunding Bonds, 2016 Series Three Escrow Agreement (2007 Series Two) Page D-1 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 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, ALASKA MUNICIPAL BOND BANK AIMBB - General Obligation and Refunding Bonds, 2016 Series Three Escrow Agreement (2007 Series Two) Page D-1