Form of Subscription Agreement



 EXHIBIT 4.02 
  
 Form of Subscription Agreement 
  
 [LOGO] 
  
 ELIASON FUNDING CORPORATION 
  
 TWO-YEAR, FIVE-YEAR AND TEN-YEAR NOTES 
  
 BY EXECUTING THIS SUBSCRIPTION AGREEMENT AND POWER OF ATTORNEY 
 SUBSCRIBERS ARE NOT WAIVING ANY RIGHTS UNDER THE SECURITIES ACT OF 1933 
 OR THE SECURITIES EXCHANGE
ACT OF 1934 
  
 SUBSCRIPTION AGREEMENT 
  
 ELIASON FUNDING CORPORATION 
 548 Highway 155 
 St. Germain, WI 54558 
  
 Dear Sirs: 
  
 The undersigned hereby subscribes for the aggregate principal amount of two-year, five-year and ten-year notes (“Notes”) of
Eliason Funding Corporation (the “Company”) set forth in the Subscription Agreement Signature Page attached hereto, at a minimum initial investment of $5,000 and additional increments of $1,000. Existing investors may subscribe for
additional Notes in $1,000 minimums, also with $1,000 increments. 
  
 The terms of
the offering of the Notes are described in the current Prospectus of the Company (the “Prospectus”), and the undersigned hereby acknowledges that he/she/it has received a copy of the prospectus dated July     ,
2005. All Notes are offered subject to prior sale.  
  
 The undersigned
agrees to treat the Notes as debt for U.S. federal income tax purposes. 
  
 The
undersigned has enclosed a check in the amount of the subscription made payable to “ELIASON FUNDING CORPORATION.” 
  
 Subscriptions generally must be received by the Company no later than
                    , p.m. on a business day in order to be invested in the Notes hereby subscribed for as of the same business day.

  
 PLEASE COMPLETE THE SUBSCRIPTION AGREEMENT SIGNATURE PAGE WHICH ACCOMPANIES
THIS SUBSCRIPTION AGREEMENT AND ENSURE THAT YOUR CHECK IS ENCLOSED. 







 ELISON FUNDING CORPORATION 
 SUBSCRIPTION AGREEMENT SIGNATURE PAGE 
  
 The undersigned investor, by executing and delivering this Signature Page and by payment of the purchase price for: 
  

					
	 Check All That
Apply

	  	 Term of Note

	  	 Purchase Price
 (initial minimum $5,000, $1,000 minimum for
 additional investments; $1,000
increments)


	 ̈	  	Two-Year Note	  	$                                      
          
			
	 ̈	  	Five-Year Note	  	$                                      
          
			
	 ̈	  	Seven-Year Note	  	$                                      
          
			
	 ̈	  	Ten-Year Note	  	$                                      
          
			
	 	  	 Aggregate Principal Amount
 (sum of amounts in column three)
	  	$                                      
          

  
 (“Notes”) of Eliason Funding
Corporation (the “Company”), hereby subscribes for the aggregate principal amount of Notes indicated above. The undersigned agrees to purchase the Notes at a purchase price of $1,000 per Note and make (i) an initial investment in the Notes
at the minimum aggregate purchase price of $5,000, or (ii) if the undersigned is an existing investor in the Notes, an additional investment at the aggregate minimum purchase price of $1,000. All incremental investments must be in $1,000 multiples.
The undersigned has enclosed a check payable to “ELIASON FUNDING CORPORATION” in the amount set forth above. 
  

																									
	 	  	 	  	 	  	-	  	 	  	-	  	 	  	 	  	 	  	 	  	-	  	 	  	 
	1)	  	Social Security No.	  	 	  	 	  	 	  	 	  	 	  	or	  	Taxpayer ID No.	  	 	  	 	  	 	  	 
				
	2)	  	Investor(s) Name(s):	  	 	  	 
			
	3)	  	Residence Address of Note Holder:	  	 
			
	 	  	 	  	 
	 	  	Street (P.O. Box numbers are not acceptable for residence address)	  	City	  	State	  	 	  	Zip	  	 

  

																			
	 ̈	  	Individual Investor	 	 ̈	  	Community Property	 	 ̈	  	Partnership	 	 ̈	  	Tenants in Common	 	 ̈	  	LLC
										
	 ̈	  	Joint Tenants with Right of Survivorship	 	 ̈	  	Estate	 	 ̈	  	UGMA/UTMA (Minor)	 	 ̈	  	Corporation	 	 ̈	  	Trust

  
 UNITED STATES
INVESTORS ONLY 
  
 I have checked the following box if I am subject to backup
withholding under the provisions of Section 3406(a)(1)(C) of the Internal Revenue Code:  ̈. Under the penalties of perjury, by signature below I
hereby certify that the Social Security or Taxpayer ID Number set forth in Item 3 above is my true, correct and complete Social Security or Taxpayer ID Number and that the information given in the immediately preceding sentence is true, correct and
complete. Moreover, under penalties of perjury, by signature below I certify that I am a U.S. Person. 
  
 NON-UNITED STATES INVESTORS ONLY 
  
 Under penalties of perjury, by signature below I hereby certify that I am not a U.S. Person (including (a) a citizen or resident of the United States or (b) (in the case of an investor which is not an individual) a
United States corporation, partnership, estate or trust):  ̈. Moreover, under penalties of perjury, by signature below I certify that I am (or am
authorized to sign for) the beneficial owner (as defined in the Internal Revenue Code) of all the income to which this form relates. I will deliver the appropriate Form W-8 as instructed by my Financial Advisor. 
  

	6)	INVESTOR(S) MUST SIGN 

  

													
	 	  	 	  	 	  	 	  	 	  	 	  	 
	Signature	  	 	  	Date	  	 	  	Signature of Joint Investor (if any)	  	 	  	Date

  
 Executing and
delivering this Subscription Agreement shall in no respect be deemed to constitute a waiver of any rights under the Securities Act of 1933 or under the Securities Exchange Act of 1934.