Louisiana Administrative Code
Title 7 - AGRICULTURE AND ANIMALS
Part III - Agricultural Finance
Chapter 1 - General Provisions
Section III-138 - Funding Forms
Exhibit III-C - CONDITIONAL APPROVAL

(Lender)

Sir:

You are hereby notified that your proposal to sell agricultural loans to the Louisiana Agricultural Finance Authority ("Authority") has been tentatively approved pending completion of and signing an agricultural loan purchase agreement, a form of which is enclosed. This approval is based upon the information and representations provided by you in your proposal to sell agricultural loans application and is expressly conditional upon the accuracy of such information and timely completion of the agricultural loan purchase agreement.

Pursuant to our earlier correspondence, the terms of the loan following the purchase by the authority shall be as follows:

(Terms of Refinanced Loan)

Please execute and return the enclosed agricultural loan purchase agreement within fourteen days of the postmark of this conditional approval to the offices of the Louisiana Agricultural Finance Authority, Department of Agriculture, 12055 Airline Highway, Baton Rouge, LA 70816, Attention: Director. If the agricultural loan purchase agreement is not received by the authority within fourteen days of the postmark on the letter delivering the conditional approval, the authority may discontinue consideration of the applicant's loan purchase.

Sincerely,

LOUISIANA AGRICULTURAL

FINANCE AUTHORITY