PERSONAL LOAN AGREEMENT (ALASKA)

TABLE OF CONTENTS

1. Document Header
2. Definitions
3. Operative Provisions
4. Representations & Warranties
5. Covenants & Restrictions
6. Default & Remedies
7. Risk Allocation
8. Dispute Resolution
9. General Provisions
10. Execution Block

1. DOCUMENT HEADER

Personal Loan Agreement
This Personal Loan Agreement (this "Agreement") is entered into as of [EFFECTIVE DATE] by and between:

1. [LENDER LEGAL NAME], ("Lender"); and
2. [BORROWER LEGAL NAME], ("Borrower").

Recitals
A. Borrower has requested that Lender extend a personal loan in the principal amount of [LOAN AMOUNT] USD.
B. Lender is willing to extend the Loan subject to the terms set forth herein.

NOW, THEREFORE, the Parties agree as follows:

2. DEFINITIONS

"Applicable Law" means all federal, state, and local statutes, including Alaska usury laws (AS 45.45.010) and the federal Truth in Lending Act where applicable.
"Business Day" means any day other than a Saturday, Sunday, or legal holiday in Alaska.
"Event of Default" has the meaning assigned in Section 6.1.
"Final Maturity Date" means [MATURITY DATE].
"Outstanding Balance" means the unpaid principal plus all accrued interest, fees, and costs.

3. OPERATIVE PROVISIONS

3.1 Loan; Disbursement. Lender agrees to lend to Borrower [LOAN AMOUNT] USD on the Effective Date.

3.2 Interest.
(a) Rate. The Outstanding Balance shall accrue interest at [ANNUAL INTEREST RATE]% per annum.
(b) Alaska Usury Savings. Interest shall not exceed the maximum lawful rate under Alaska law. The legal rate is 10.5% per annum (AS 45.45.010); parties may contract for any rate in writing.

3.3 Payment Schedule. Borrower shall make [MONTHLY / QUARTERLY] payments of [PAYMENT AMOUNT] USD commencing on [FIRST PAYMENT DATE].

3.4 Use of Proceeds. Borrower shall apply proceeds for [SPECIFY PURPOSE / "lawful personal purposes"].

3.5 Prepayment. Borrower may prepay without penalty.

3.6 Conditions Precedent. Lender's obligation to fund is conditioned upon execution of all Loan Documents and compliance with applicable disclosures.

4. REPRESENTATIONS & WARRANTIES

Borrower represents and warrants:
4.1 Existence; Authority. Borrower has capacity to execute this Agreement.
4.2 No Conflict. This Agreement does not violate any contract or law binding upon Borrower.
4.3 Enforceability. This Agreement is Borrower's legal, valid, and binding obligation.
4.4 Financial Condition. Information provided to Lender is true and complete.
4.5 Litigation. No material litigation is pending or threatened.

5. COVENANTS & RESTRICTIONS

5.1 Affirmative Covenants. Borrower shall:
(a) Make timely payments.
(b) Comply with applicable law.
(c) Notify Lender of any Event of Default.

5.2 Negative Covenants. Borrower shall not, without Lender's consent:
(a) Transfer material assets impairing repayment.
(b) Incur additional senior debt.
(c) Use proceeds for illegal purposes.

6. DEFAULT & REMEDIES

6.1 Events of Default include:
(a) Payment Default.
(b) Breach of Covenants.
(c) Insolvency.
(d) Cross-Default.

6.2 Remedies. Lender may:
(a) Accelerate the Outstanding Balance.
(b) Impose late fees.
(c) Recover collection costs.

7. RISK ALLOCATION

7.1 Indemnification. Borrower shall indemnify Lender for losses arising from Borrower's breach or misuse of proceeds, capped at the Loan Amount.

7.2 Limitation of Liability. Maximum aggregate liability shall not exceed the Loan Amount.

7.3 Force Majeure. Neither Party is liable for delays beyond reasonable control.

8. DISPUTE RESOLUTION

8.1 Governing Law. This Agreement shall be governed by Alaska law.

8.2 Forum Selection. The Parties submit to exclusive jurisdiction of Alaska state courts.

8.3 Arbitration (Optional). Disputes may be resolved by binding arbitration.

8.4 Jury Trial Waiver (Optional). EACH PARTY WAIVES ANY RIGHT TO A JURY TRIAL.

8.5 Limited Injunctive Relief. Either Party may seek injunctive relief to prevent irreparable harm.

9. GENERAL PROVISIONS

9.1 Amendments require written consent of both Parties.
9.2 Borrower may not assign without Lender's consent.
9.3 Agreement binds successors and assigns.
9.4 Invalid provisions shall be reformed.
9.5 This Agreement is the entire agreement.
9.6 Electronic signatures are valid.
9.7 Notices shall be in writing.

10. EXECUTION BLOCK

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.