UCC-1 FINANCING STATEMENT (ALASKA)

(Integrated Short-Form Security Agreement)

I. DOCUMENT HEADER

A. Parties
1. Debtor: [LEGAL NAME OF DEBTOR]
- Type of Organization: [CORPORATION/LLC/OTHER]
- Jurisdiction of Organization: [STATE]
- Organization I.D. No.: [___]
- Mailing Address: [___]

2. Secured Party: [LEGAL NAME OF SECURED PARTY]
   - Mailing Address: [___]

B. Effective Date
[MONTH __], 20__ ("Effective Date")

C. Filing Jurisdiction
This Financing Statement shall be filed with the Office of the Alaska Lieutenant Governor, Uniform Commercial Code Central Filing Office, in accordance with AS 45.29.501 to 45.29.527.

D. Recitals
WHEREAS, Debtor is indebted to Secured Party pursuant to that certain [Loan Agreement/Note] dated on or about the Effective Date (the "Credit Agreement"); and
WHEREAS, Debtor desires to grant a security interest in the Collateral to secure the Obligations;

NOW, THEREFORE, Debtor and Secured Party agree as follows:

II. DEFINITIONS

"Collateral" means all assets and personal property of Debtor described in Section III(A).

"Financing Statement" means this UCC-1 financing statement, including all amendments, continuations, and assignments.

"Obligations" means all indebtedness of Debtor to Secured Party under the Credit Agreement and related documents, plus enforcement costs.

"U.C.C." means the Uniform Commercial Code as adopted in Alaska (AS 45.29), as amended.

III. OPERATIVE PROVISIONS

A. Grant of Security Interest
Pursuant to AS 45.29.203, Debtor hereby grants to Secured Party a continuing security interest in the following property, whether now owned or hereafter acquired, and all proceeds and products thereof (collectively, the "Collateral"):

1. All Accounts, Chattel Paper, Commercial Tort Claims, Deposit Accounts, Documents, Equipment, Fixtures, General Intangibles, Goods, Instruments, Inventory, Investment Property, Letter-of-Credit Rights, Money, and Supporting Obligations; and
2. All books and records pertaining to any of the foregoing.

B. Authorization to File
Debtor irrevocably authorizes Secured Party to file this Financing Statement and any continuation, amendment, or assignment thereof. See AS 45.29.509(a)(1).

C. Obligations Secured
This Financing Statement secures the payment and performance of the Obligations.

D. Further Assurances
Upon request, Debtor shall execute additional documents to perfect and maintain Secured Party's security interest.

IV. REPRESENTATIONS & WARRANTIES

Debtor represents and warrants:

1. Legal Name; Location. Debtor's exact legal name and jurisdiction of organization are correctly set forth in Section I(A)(1). See AS 45.29.503(a).

2. Rights in Collateral. Debtor has rights in the Collateral and power to transfer a security interest.

3. No Prior Liens. Except as disclosed, the Collateral is free of any senior lien or encumbrance.

4. Authorization. This Financing Statement has been duly authorized.

V. COVENANTS & RESTRICTIONS

1. Collateral Maintenance. Debtor shall protect the Collateral and keep it free of liens except as permitted.

2. Name, Structure, and Location Changes. Debtor shall provide thirty (30) days' prior notice of any change.

3. Access. Secured Party may inspect Debtor's books and records.

4. Insurance. Debtor shall maintain adequate insurance with loss payable to Secured Party.

VI. DEFAULT & REMEDIES

A. Events of Default
1. Event of Default under the Credit Agreement;
2. Failure to pay or perform any Obligations;
3. Breach of any representation, warranty, or covenant;
4. Insolvency or bankruptcy proceedings;
5. Seizure of material Collateral.

B. Remedies
Upon default, Secured Party may declare all Obligations due, exercise UCC remedies including disposition of Collateral pursuant to AS 45.29.610, and exercise all other legal and equitable rights.

C. Notice and Cure
Debtor shall have ten (10) days to cure after written notice, unless otherwise required by law.

D. Costs of Collection
Debtor shall be liable for all reasonable enforcement costs.

VII. RISK ALLOCATION

Limitation of Liability. Secured Party shall not be liable for special, indirect, or consequential damages arising from disposition of Collateral, provided Secured Party acts in a commercially reasonable manner.

VIII. DISPUTE RESOLUTION

Governing Law. This Financing Statement shall be governed by Article 9 of the UCC as enacted in Alaska, without regard to any choice-of-law rules.

IX. GENERAL PROVISIONS

1. Amendments and Waivers. Require written consent of both parties.

2. Assignment. Secured Party may assign without Debtor's consent.

3. Successors and Assigns. Agreement binds successors and assigns.

4. Severability. Invalid provisions shall be severed.

5. Entire Agreement. This Financing Statement and the Credit Agreement constitute the entire agreement.

6. Counterparts; Electronic Signatures. Electronic signatures are valid.

X. EXECUTION BLOCK

IN WITNESS WHEREOF, the parties have executed this Financing Statement as of the Effective Date.

Debtor:
[LEGAL NAME OF DEBTOR]
By: _______________________________
Name: [___]
Title: [___]

Secured Party:
[LEGAL NAME OF SECURED PARTY]
By: _______________________________
Name: [___]
Title: [___]

[OPTIONAL NOTARY ACKNOWLEDGMENT]
State of Alaska )
)
County of __________ )

On this ___ day of __________, 20__, before me, the undersigned notary public, personally appeared ________________________, who acknowledged execution of this Financing Statement.

__________________________________
Notary Public
My Commission Expires: ________

EXHIBIT A

STATUTORY UCC-1 FINANCING STATEMENT FORM (ALASKA)

[Attach the Alaska UCC-1 form. File with the Office of the Lieutenant Governor, Uniform Commercial Code Central Filing Office.]