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Tab_50dEXHIBIT D - Form of Notice of Defeasance ALASKA MUNICIPAL BOND BANK NOTICE TO HOLDERS OF THE FOLLOWING ALASKA MUNICIPAL BOND BANK GENERAL OBLIGATION BONDS, 2008 SERIES TWO MATURING ON AND AFTER JUNE 1, 2019 NOTICE IS HEREBY GIVEN to the holders of the outstanding Alaska Municipal Bond Bank General Obligation Bonds, 2008 Series Two (the "2008 Series Two Bonds") that a portion of the outstanding 2008 Series Two Bonds maturing on and after June 1, 2019 are being defeased and that the defeased 2008 Series Two Bonds (the "Refunded Bonds") will be redeemed on June 1, 2018, 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 2008 Series Two Bonds were issued on July 30, 2008 and the 2008 Series Two Bonds being defeased accrue interest at the following interest rates: Maturity Outstanding Original CUSIP Defeased Defeased Date Principal Interest No. Redemption Principal CUSIP No. (June 1) Amount Rate (01179) Price Amount (01179) 2019 $245,000.00 4.400% RQQ9 100% $245,000.00 RQQ9 2020 260,000.00 4.500 RQR7 100 260,000.00 RQR7 2021 270,000.00 4.600 RQS5 100 270,000.00 RQS5 2022 285,000.00 4.700 RQT3 100 285,000.00 RQT3 2023 695,000.00 4.750 RQUO 100 295,000.00 RUK7 2024 310,000,00 4.800 RQV8 100 310,000.00 RQV8 2025 325,000.00 4.850 RQW6 100 325,000.00 RQW6 2026 340,000.00 4.900 RQX4 100 340,000.00 RQX4 2028 1,150,000.00 5.000 RQY2 100 730,000.00 RUL5 * 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 Refunded Bonds maturing on and after June 1, 2019 to be redeemed will receive payments of the redemption price and accrued interest to which they are entitled upon presentation and surrender thereof at the corporate trust office of The Bank of New York Mellon Trust Company, NA., as set forth below. AIVIBB - General Obligation and Refunding Bonds, 2016 Series Three Escrow Agreement (2008 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 2016 AMBB - General Obligation and Refunding Bonds, 2016 Series Three Escrow Agreement (2008 Series Two) Page D-1