Form 3017

(Rev. 12/06)

GUARANTEED NOTE REVOLVING LINE OF CREDIT AGREEMENT

To: / Alberta Treasury Branches:
Branch:
Re: / Guaranteed Note Revolving Line of Credit (the "Credit")
Borrower(s):
Credit Limit $

For consideration, the receipt and sufficiency of which is hereby acknowledged, the undersigned (jointly and severally if more than one) covenants and agrees with Alberta Treasury Branches ("ATB") as follows:

  1. ATB is hereby authorized to advance or readvance funds under the Credit from time to time by credit to account number , (the "Account") in the name of at the Branch noted above; it is understood that advances or readvances, if made, will be in the minimum sum of $100,000.00 or a multiple thereof subject to the Credit Limit, and shall be made (in the sole discretion of ATB) on written request by the undersigned, subject as herein provided. Neither the execution of this agreement or any of the other documents required by ATB, nor the advance in part of the Credit shall bind ATB to advance or readvance any portion of the Credit.
  1. ATB is authorized to debit the Account as required from time to time to pay interest, principal, costs, or other monies owing in respect of the Credit herein, provided that ATB shall not be obliged to do so at any time or at any particular times.
  1. The undersigned shall execute and deliver to ATB on request from time to time promissory notes in the form attached hereto, and ATB is hereby authorized to fill in the blanks in such promissory notes to reflect the date and amount of each advance or readvance to the undersigned, and to thereafter hold or negotiate any such completed promissory notes.
  1. Without limiting any other right or discretion of ATB, ATB may refuse to make any advance or readvance on the Credit unless the undersigned has requested the same by written notice to ATB given on a business day which is not less than three clear business days prior to the business day on which the undersigned wishes to receive the funds (the "Advance Date"). By 10:00 o'clock a.m. (Alberta time) on each Advance Date, the undersigned shall advise ATB as to the maturity date of the promissory note for the advance or readvance to be made on that Advance Date, which maturity date shall be not more than 90 days following the Advance Date.
  1. The rate of interest applicable to any advance or readvance on the Credit will be determined on the relevant Advance Date in accordance with rate quotes by ATB and the maturity date chosen by the undersigned. Interest will be precalculated for the term of the related promissory note and thus the sum advanced to the undersigned on any Advance Date will be less than the face amount repayable on the related promissory note. If the undersigned fails to repay in full any promissory note when due, the undersigned shall pay interest to ATB calculated daily on any sum in default, both before and after judgment, at a rate per annum equal to 3% above the prime lending rate established by ATB from time to time.
  1. ATB's written statement of the amount owing under the Credit at any particular time shall, in the absence of manifest error, be conclusively binding on the undersigned for all purposes. The amount owing on the Credit will include, among other things, all outstanding promissory notes completed pursuant to paragraph 3. hereof, notwithstanding that ATB may have negotiated any such promissory notes to a third party.
  1. It is understood that additional agreements may from time to time exist between ATB and the undersigned relating to the Credit and in the event of a conflict between this agreement and any other agreements relating to the Credit such other agreements shall prevail; if there is no conflict, this agreement and such other agreements shall be read in conjunction with and as supplementary to each other.

IN WITNESS WHEREOF the undersigned has executed this agreement this day of , .

RECORD OF BLANK NOTES HELD

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