SUBORDINATED NOTE PURCHASE AGREEMENT Dated as of March 30, 2021Subordinated Note Purchase Agreement • March 30th, 2021 • Alerus Financial Corp • National commercial banks • North Dakota
Contract Type FiledMarch 30th, 2021 Company Industry JurisdictionThis SUBORDINATED NOTE PURCHASE AGREEMENT (this “Agreement”) is dated as of March 30, 2021 and is made by and between Alerus Financial Corporation, a Delaware corporation (“Borrower”), and The Bank of North Dakota doing business as the State of North Dakota (“Lender”).