In \cite{a-t}, we defined a $U(\e)$-algebra which is a generalization of Freudenthal-Kantor triple system defined by I. L. Kantor \cite{k} and K. Yamaguti \cite{y3}. In this paper, we call it an FK-ternary algebra. We define a representation of the FK-ternary algebra. Moreover we define a cohomology space of order 3 of the FK-ternary algebra associated with the representation, and give an interpretation of this space in relation to extensions of the FK-ternary algebra.