0001144204-09-056824 Sample Contracts

MASTER LOAN AGREEMENT DATED AS OF SEPTEMBER 25, 2009 AMONG POPE RESOURCES, A DELAWARE LIMITED PARTNERSHIP AS BORROWER AND NORTHWEST FARM CREDIT SERVICES, FLCA AS LENDER
Loan Agreement • November 5th, 2009 • Pope Resources LTD Partnership • Forestry • Washington

THIS MASTER LOAN AGREEMENT (this “Loan Agreement”) is made and entered into effective September 25, 2009, by and between Lender, as defined below, and Borrower, as defined below.

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