0001362310-08-007003 Sample Contracts

FOURTH AMENDMENT OF AMENDED AND RESTATED PARTICIPATION AGREEMENT
Participation Agreement • November 10th, 2008 • Nelnet Inc • Short-term business credit institutions

This Fourth Amendment of the Amended and Restated Participation Agreement (the “Amendment”) is made and entered into as of this 1st day of August, 2005, by and between and Union Bank and Trust Company, a Nebraska banking corporation and trust company, solely in its capacity as trustee of various grantor trusts known as Short Term Federal Investment Trusts or other grantor trusts (“Union Bank”) and National Education Loan Network, Inc., a Nevada corporation (“Nelnet”).

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SIXTH AMENDMENT OF AMENDED AND RESTATED PARTICIPATION AGREEMENT
Participation Agreement • November 10th, 2008 • Nelnet Inc • Short-term business credit institutions

This Sixth Amendment of the Amended and Restated Participation Agreement (the “Amendment”) is made and entered into as of this 12th day of December, 2005, by and between Union Bank and Trust Company, a Nebraska banking corporation and trust company, solely in its capacity as trustee of various grantor trusts known as Short Term Federal Investment Trusts or other grantor trusts (“Union Bank”) and National Education Loan Network, Inc., a Nevada corporation (“Nelnet”).

Master Participation Agreement United States Department of Education July 25, 2008 Participation Interests in Eligible Loans Made Pursuant to the Federal Family Education Loan Program
Master Participation Agreement • November 10th, 2008 • Nelnet Inc • Short-term business credit institutions • New York

This is a Master Participation Agreement, dated as of July 25, 2008 (“Master Participation Agreement”), among the United States Department of Education (“Department”), an individual Eligible Lender or the holder of beneficial interests in Loans (such entity, “Sponsor”), and if the latter, the related Eligible Lender Trustee, each made party to this Master Participation Agreement by executing an Adoption Agreement in the form attached hereto as Exhibit A (“Adoption Agreement”), and the Sponsor’s Custodian made party to this Master Participation Agreement by executing the Adoption Agreement (“Custodian”).

Master Loan Sale Agreement United States Department of Education July 25, 2008 Eligible Loans Made Pursuant to the Federal Family Education Loan Program
Adoption Agreement • November 10th, 2008 • Nelnet Inc • Short-term business credit institutions • New York

This is a Master Loan Sale Agreement, dated July 25, 2008 (“Master Loan Sale Agreement”), among the United States Department of Education (“Department”) and an individual Eligible Lender (as defined below) or the holder of beneficial interests in Loans (such entity, “Seller”), and if the latter, the related Eligible Lender Trustee, in each case made party to this Master Loan Sale Agreement by executing an Adoption Agreement in the form attached hereto as Exhibit A.

July 21, 2008
Nelnet Inc • November 10th, 2008 • Short-term business credit institutions • Nebraska

This letter will confirm our discussion and mutual agreement regarding your separation from permanent full time employment with Nelnet, Inc. (“Nelnet”) as of July 15, 2008 (the “Termination Date”). As we have discussed, the terms of our agreement are as follows, and any prior agreements or arrangements related to your employment are void.

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