STATE OF ALASKA

DEPARTMENT OF COMMERCE, COMMUNITY AND ECONOMIC DEVELOPMENT

              DIVISION OF BANKING AND SECURITIES

                             SURETY BOND

___________________________ ,as principal and ____________________________,

a corporation organized under the laws of the State of __________________________,

as a surety, agree to be firmly bound to the State of Alaska for the benefit of interested

persons in the penal sum of $_____________, lawful money of the United States, and

agree to bind ourselves, jointly and severally, our heirs, executors, administrators,

successors, and assigns.

The principal has made application to the Administrator of Securities of the State of

Alaska to act as a state investment adviser, as defined under the Alaska Securities Act,

and is required to furnish a bond in the sum set out above, subject to the following

conditions:

1.  Any person who suffers any damages and has a cause of action under AS
45.55.930 in connection with the principal’s business as a state investment adviser,
other than criminal actions, in addition to any other remedies available, may bring an
action in the person’s own name for the recovery of damages, provided that the
action is brought within the applicable statute of limitations.
2.  The total aggregate liability of the surety under the bond is limited to the amount set
out above.
3.  The surety or sureties may cancel this bond and be relieved of further liability by
delivering to the Administrator 30 days notice of cancellation, however, cancellation
shall not affect any liability incurred prior to the termination of the 30-day period.
4.  This bond shall remain in effect until the surety or sureties are released from liability
by the Administrator or until the bond is canceled as provided above.
5.  In the event either the principal or surety is served with notice of any action
commenced against one or the other, or both, under the bond, they shall each give
notice to the Administrator, Division of Banking and Securities, Department of
Commerce, Community and Economic Development, P.O. Box 110807, Juneau,
Alaska 99811-0807.

The parties each warrant that they have the requisite authority to execute this document

on the dates set forth below:

______________________________            ______________________________
Principal                    Date         Principal                                Date

08-100 (11/05)