0001193125-04-113074 Sample Contracts

PURCHASE AGREEMENT MASTER SECURITIZATION TERMS NUMBER 1000
Additional Purchase Agreement • July 1st, 2004 • SLM Funding LLC • Asset-backed securities • New York

These Purchase Agreement Master Securitization Terms Number 1000 (“Master Terms”) dated as of June 10, 2004 among VG Funding, LLC (“VG Funding”) as Seller, SLM Funding LLC (“Funding”) as Purchaser, Chase Manhattan Bank USA, National Association, not in its individual capacity but solely as Interim Eligible Lender Trustee as defined below for the benefit of VG Funding under the Interim Trust Agreement (the “VG Funding Eligible Lender Trustee”), Chase Manhattan Bank USA, National Association, not in its individual capacity but solely as Interim Eligible Lender Trustee (the “Interim Eligible Lender Trustee”) for the benefit of Funding under the Interim Trust Agreement dated as of June 1, 2004 between Funding and the Interim Eligible Lender Trustee, and Sallie Mae, Inc., as servicer (the “Servicer”) shall be effective upon execution by the parties hereto. References to VG Funding herein mean the VG Funding Eligible Lender Trustee on behalf of VG Funding, and references to Funding herein me

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SALE AGREEMENT MASTER SECURITIZATION TERMS NUMBER 1000
Additional Sale Agreement • July 1st, 2004 • SLM Funding LLC • Asset-backed securities • New York

These Sale Agreement Master Securitization Terms Number 1000 (“Master Sale Terms”) dated as of June 10, 2004 among SLM Funding LLC (in such capacity, the “Seller”), SLM Student Loan Trust 2004-5 (the “Purchaser”), and Chase Manhattan Bank USA, National Association, not in its individual capacity but solely as Interim Eligible Lender Trustee (the “Interim Eligible Lender Trustee”) for the benefit of the Seller under the Interim Trust Agreement dated as of June 1, 2004 between the Seller and the Interim Eligible Lender Trustee, and Chase Manhattan Bank USA, National Association, not in its individual capacity but solely as Eligible Lender Trustee on behalf of SLM Student Loan Trust 2004-5 (the “Eligible Lender Trustee”), shall be effective upon execution by the parties hereto. References to the Seller herein mean the Interim Eligible Lender Trustee, and references to the Purchaser mean the Eligible Lender Trustee, for all purposes involving the holding or transferring of legal title to t

PURCHASE AGREEMENT MASTER SECURITIZATION TERMS NUMBER 1000
Initial Purchase Agreement • July 1st, 2004 • SLM Funding LLC • Asset-backed securities • New York

These Purchase Agreement Master Securitization Terms Number 1000 (“Master Terms”) dated as of June 10, 2004 among Student Loan Marketing Association (“SLMA”), SLM Funding LLC (“Funding”) and Chase Manhattan Bank USA, National Association, not in its individual capacity but solely as Interim Eligible Lender Trustee (the “Interim Eligible Lender Trustee”) for the benefit of Funding under the Interim Trust Agreement dated as of June 1, 2004 between Funding and the Interim Eligible Lender Trustee, shall be effective upon execution by the parties hereto. References to Funding herein mean the Interim Eligible Lender Trustee for all purposes involving the holding or transferring of legal title to the Eligible Loans.

PURCHASE AGREEMENT MASTER SECURITIZATION TERMS NUMBER 1000
Additional Purchase Agreement • July 1st, 2004 • SLM Funding LLC • Asset-backed securities • New York

These Purchase Agreement Master Securitization Terms Number 1000 (“Master Terms”) dated as of June 10, 2004 among SLM Education Loan Corp. (“SLM ELC”), SLM Funding LLC (“Funding”) and Chase Manhattan Bank USA, National Association, not in its individual capacity but solely as Interim Eligible Lender Trustee (the “Interim Eligible Lender Trustee”) for the benefit of Funding under the Interim Trust Agreement dated as of June 1, 2004 between Funding and the Interim Eligible Lender Trustee, shall be effective upon execution by the parties hereto. References to Funding herein mean the Interim Eligible Lender Trustee for all purposes involving the holding or transferring of legal title to the Eligible Loans.

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