Common use of Registered Offerings Clause in Contracts

Registered Offerings. In the case of any Offering of Notes that are registered under the 1933 Act (“Registered Offering”), the following terms shall have the following meanings. The term “Preliminary Prospectus” means any preliminary prospectus relating to the Offering or any preliminary prospectus supplement together with a prospectus relating to the Offering. The term “Prospectus” means the prospectus, together with the final prospectus supplement, if any, relating to the Offering filed or to be filed under Rule 424 of the 1933 Act. The term “free writing prospectus” has the meaning set forth in Rule 405 under the 1933 Act and the term “Permitted Free Writing Prospectus” means (i) a free writing prospectus authorized for use by us and the issuer in connection with the Offering of the Notes that has been or will be filed with the Securities and Exchange Commission (the “SEC”) in accordance with Rule 433(d) of the 1933 Act or (ii) a free writing prospectus containing solely a description of terms of the Notes that (a) does not reflect the final terms, (b) is exempt from the filing requirement pursuant to Rule 433(d)(5)(i) and (c) is furnished to you for use by Incapital LLC. “Additional Information” means the Preliminary Prospectus together with each Permitted Free Writing Prospectus, if any, delivered to you relating to the Offering of Notes. In connection with any Registered Offering, we will provide to you electronically copies of the Additional Information and of the Prospectus (other than, in each case, information incorporated by reference therein) for the purposes contemplated by the 1933 Act and the Securities Exchange Act of 1934, as amended (the “1934 Act”) and the applicable rules and regulations of the SEC thereunder and will make available to you such number of copies of the Prospectus as you may reasonably request as soon as practicable after sufficient copies are made available to us by the issuer of the Notes. You agree that you will not use, authorize use of, refer to, or participate in the planning for use of any written communication (as such term is defined in Rule 405 under the 0000 Xxx) concerning the Offering, or any issuer of the Notes (including, without limitation, any free writing prospectus and any information furnished by us and any issuer of Notes but not incorporated by reference into the Preliminary Prospectus or Prospectus), other than (a) any Preliminary Prospectus or Prospectus or (b) any Permitted Free Writing Prospectus. You represent and warrant that you are familiar with the rules relating to the distribution of a Preliminary Prospectus and agree that you will comply therewith. You represent and warrant that you are familiar with Rule 173 under the 1933 Act relating to electronic delivery. You agree to make a record of your distribution of each Preliminary Prospectus and, when furnished with copies of any revised Preliminary Prospectus, you will, upon our request, promptly forward copies thereof to each person to whom you have theretofore distributed a Preliminary Prospectus. You agree that in purchasing Notes in a Registered Offering you will rely upon no statement whatsoever, written or oral, other than the statements in the Preliminary Prospectus or the Prospectus delivered to you by us and any Permitted Free Writing Prospectus. You will not be authorized by the issuer or other seller of Notes offered pursuant to a Prospectus or by any Underwriter to give any information or to make any representation not contained in the Prospectus in connection with the sale of such Notes. You agree that you have not relied, and will not rely, upon advice from us regarding the suitability of any Notes as an investment for you or your clients. You acknowledge and agree that it is your sole responsibility to ensure that, prior to any distribution, the Notes are suitable for your clients, it is lawful for your clients to purchase the Notes and the clients are capable of evaluating and have evaluated the risks and merits of an investment in the Notes. You agree not to market the Notes in any manner which is inconsistent with or not on the basis of the materials furnished to you for use in the distribution and you agree not to use marketing materials other than those that have been approved for use.

Registered Offerings. In the case of any Offering of Notes Securities that are is registered under the 1933 Securities Act (“Registered Offering”), the following terms shall have the following meanings. The term “Preliminary Prospectus” means any preliminary prospectus relating to the Offering or any preliminary prospectus supplement together with a prospectus relating to the Offering. The term “Prospectus” means the prospectus, together with the final prospectus supplement, if any, relating to the Offering filed or to be filed under Rule 424 of under the 1933 Securities Act. The term “free writing prospectus” has the meaning set forth in Rule 405 under the 1933 Securities Act and the term “Permitted Free Writing Prospectus” means (i) a free writing prospectus authorized for use by us and the issuer in connection with the Offering of the Notes Securities that has been or will be filed with the Securities and Exchange Commission (the “SEC”) in accordance with Rule 433(d) of under the 1933 Securities Act or (ii) a free writing prospectus containing solely a description of terms of the Notes Securities that (a) does not reflect the final terms, (b) is exempt from the filing requirement pursuant to Rule 433(d)(5)(i) under the Securities Act and (c) is furnished to you for use by Incapital LLC. “Additional Information” means the Preliminary Prospectus together with each Permitted Free Writing Prospectus, if any, delivered to you relating to the Offering of NotesSecurities. In connection with any Registered Offering, we will provide to you electronically copies of the Additional Information and of the Prospectus (other than, in each case, information incorporated by reference therein) for the purposes contemplated by the 1933 Securities Act and the Securities Exchange Act of 1934Act, as amended (the “1934 Act”) and the applicable rules and regulations of the SEC thereunder and will make available to you such number of copies of the Prospectus as you may reasonably request as soon as practicable after sufficient copies are made available to us by the issuer of the NotesSecurities. You agree that you will not use, authorize use of, refer to, or participate in the planning for use of any written communication (as such term is defined in Rule 405 under the 0000 XxxSecurities Act) concerning the Offering, or any issuer of the Notes Securities (including, without limitation, any free writing prospectus and any information furnished by us and any issuer of Notes Securities but not incorporated by reference into the Preliminary Prospectus or Prospectus), other than (a) any Preliminary Prospectus or Prospectus or (b) any Permitted Free Writing Prospectus. You represent and warrant that you are familiar with the rules relating to the distribution of a Preliminary Prospectus and agree that you will comply therewith. You represent and warrant that you are familiar with Rule 173 under the 1933 Securities Act relating to electronic delivery. You agree to make a record of your distribution of each Preliminary Prospectus and, when furnished with copies of any revised Preliminary Prospectus, you will, upon our request, promptly forward copies thereof to each person to whom you have theretofore distributed a Preliminary Prospectus. You agree that in purchasing Notes Securities in a Registered Offering you will rely upon no statement whatsoever, written or oral, other than the statements in the Preliminary Prospectus or the final Prospectus delivered to you by us and any Permitted Free Writing Prospectusus. You will not be authorized by the issuer or other seller of Notes Securities offered pursuant to a Prospectus prospectus or by any Underwriter to give any information or to make any representation not contained in the Prospectus prospectus in connection with the sale of such NotesSecurities. You agree that you have not relied, and will not rely, upon advice from us regarding the suitability of any Notes Securities as an investment for you or your clients. You acknowledge and agree that it is your sole responsibility to ensure that, prior to any distribution, the Notes Securities are suitable for your clients, it is lawful for your clients to purchase the Notes Securities and the clients are capable of evaluating and have evaluated the risks and merits of an investment in the NotesSecurities. You agree not to market the Notes Securities in any manner which is inconsistent with or not on the basis of the materials furnished to you for use in the distribution and you agree not to use marketing materials other than those that have been approved for use.

Registered Offerings. In the case of any Offering of Notes Securities that are is registered under the 1933 Securities Act (“Registered Offering”), the following terms shall have the following meanings. The term “Preliminary Prospectus” means any preliminary prospectus relating to the Offering or any preliminary prospectus supplement together with a prospectus relating to the Offering. The term “Prospectus” means the prospectus, together with the final prospectus supplement, if any, relating to the Offering filed or to be filed under Rule 424 of under the 1933 Securities Act. The term “free writing prospectus” has the meaning set forth in Rule 405 under the 1933 Securities Act and the term “Permitted Free Writing Prospectus” means (i) a free writing prospectus authorized for use by us and the issuer in connection with the Offering of the Notes Securities that has been or will be filed with the Securities and Exchange Commission (the “SEC”as defined) in accordance with Rule 433(d) of under the 1933 Securities Act or (ii) a free writing prospectus containing solely a description of terms of the Notes Securities that (a) does not reflect the final terms, (b) is exempt from the filing requirement pursuant to Rule 433(d)(5)(i) under the Securities Act and (c) is furnished to you for use by Incapital LLC. “Additional Information” means the Preliminary Prospectus together with each Permitted Free Writing Prospectus, if any, delivered to you relating to the Offering of NotesSecurities. In connection with any Registered Offering, we will provide to you electronically copies of the Additional Information and of the Prospectus (other than, in each case, information incorporated by reference therein) for the purposes contemplated by the 1933 Securities Act and the Securities Exchange Act of 1934, as amended (the “1934 Exchange Act”) ), and the applicable rules and regulations of the SEC Securities and Exchange Commission (the “Commission”) thereunder and will make available to you such number of copies of the Prospectus as you may reasonably request as soon as practicable after sufficient copies are made available to us by the issuer of the NotesSecurities. You agree that you will not use, authorize use of, refer to, or participate in the planning for use of any written communication (as such term is defined in Rule 405 under the 0000 XxxSecurities Act) concerning the Offering, or any issuer of the Notes Securities (including, without limitation, any free writing prospectus and any information furnished by us and any issuer of Notes Securities but not incorporated by reference into the Preliminary Prospectus or Prospectus), other than (a) any Preliminary Prospectus or Prospectus or (b) any Permitted Free Writing Prospectus. You represent and warrant that you are familiar with the rules relating to the distribution of a Preliminary Prospectus and agree that you will comply therewith. You represent and warrant that you are familiar with Rule 173 under the 1933 Securities Act relating to electronic delivery. You agree to make a record of your distribution of each Preliminary Prospectus and, when furnished with copies of any revised Preliminary Prospectus, you will, upon our request, promptly forward copies thereof to each person to whom you have theretofore distributed a Preliminary Prospectus. You agree that in purchasing Notes Securities in a Registered Offering you will rely upon no statement whatsoever, written or oral, other than the statements in the Preliminary Prospectus or the final Prospectus delivered to you by us and any Permitted Free Writing Prospectusus. You will not be authorized by the issuer or other seller of Notes Securities offered pursuant to a Prospectus prospectus or by any Underwriter to give any information or to make any representation not contained in the Prospectus prospectus in connection with the sale of such NotesSecurities. You agree that you have not relied, and will not rely, upon advice from us regarding the suitability of any Notes Securities as an investment for you or your clients. You acknowledge and agree that it is your sole responsibility to ensure that, prior to any distribution, the Notes Securities are suitable for your clients, it is lawful for your clients to purchase the Notes Securities and the clients are capable of evaluating and have evaluated the risks and merits of an investment in the NotesSecurities. You agree not to market the Notes Securities in any manner which is inconsistent with or not on the basis of the materials furnished to you for use in the distribution and you agree not to use marketing materials other than those that have been approved for use.

Registered Offerings. In the case of any Offering of Notes Securities that are registered under the 1933 Securities Act (“Registered Offering”), the following terms shall have the following meanings. The term “Preliminary Prospectus” means any preliminary prospectus relating to the Offering or any preliminary prospectus supplement together with a prospectus relating to the Offering. The term “Prospectus” means the prospectus, together with the final prospectus supplement, if any, relating to the Offering filed or to be filed under Rule 424 of the 1933 Securities Act. The term “free writing prospectus” has the meaning set forth in Rule 405 under the 1933 Securities Act and the term “Permitted Free Writing Prospectus” means (i) a free writing prospectus authorized for use by us the Purchasing Agent and the issuer in connection with the Offering of the Notes Securities that has been or will be filed with the Securities and Exchange Commission (the “SEC”as defined) in accordance with Rule 433(d) of the 1933 Act or (ii) a free writing prospectus containing solely a description of terms of the Notes that (a) does not reflect the final terms, (b) is exempt from the filing requirement pursuant to Rule 433(d)(5)(i) and (c) is furnished to you for use by Incapital LLCSecurities Act. “Additional Information” means the Preliminary Prospectus together with each Permitted Free Writing Prospectus, if any, delivered to you each Selected Dealer relating to the Offering of NotesSecurities. In connection with any Registered Offering, we the Purchasing Agent will provide to you each Selected Dealer electronically copies of the Additional Information and of the Prospectus (other than, in each case, information incorporated by reference therein) for the purposes contemplated by the 1933 Securities Act and the Securities Exchange Act of 1934, as amended (the “1934 Exchange Act”) and the applicable rules and regulations of the SEC Securities and Exchange Commission (the “Commission) thereunder and will make available to you each Selected Dealer such number of copies of the Prospectus as you it may reasonably request as soon as practicable after sufficient copies are made available to us the Purchasing Agent by the issuer of the NotesSecurities. You agree Each Selected Dealer agrees that you it will not use, authorize use of, refer to, or participate in the planning for use of any written communication (as such term is defined in Rule 405 under the 0000 XxxSecurities Act) concerning the Offering, or any issuer of the Notes Securities (including, without limitation, any free writing prospectus and any information furnished by us the Purchasing Agent and any issuer of Notes Securities but not incorporated by reference into the Preliminary Prospectus or Prospectus), other than (a) any Preliminary Prospectus or Prospectus or (b) any Permitted Free Writing Prospectus. You represent Each Selected Dealer represents and warrant warrants that you are it is familiar with the rules relating to the distribution of a Preliminary Prospectus and agree agrees that you it will comply therewith. You represent Each Selected Dealer represents and warrant warrants that you are it is familiar with Rule 173 under the 1933 Securities Act relating to electronic delivery. You agree Each Selected Dealer agrees to make a record of your its distribution of each Preliminary Prospectus and, when furnished with copies of any revised Preliminary Prospectus, you will, upon our requestthe request of the Purchasing Agent, promptly forward copies thereof to each person to whom you have it has theretofore distributed a Preliminary Prospectus. You agree Each Selected Dealer agrees that in purchasing Notes Securities in a Registered Offering you it will rely upon no statement whatsoever, written or oral, other than the statements in the Preliminary Prospectus or the final Prospectus delivered to you it by us and any Permitted Free Writing Prospectusthe Purchasing Agent. You The Selected Dealers will not be authorized by the issuer or other seller of Notes Securities offered pursuant to a Prospectus prospectus or by any Underwriter to give any information or to make any representation not contained in the Prospectus prospectus in connection with the sale of such NotesSecurities. You agree Each Selected Dealer agrees that you have it has not relied, and will not rely, upon advice from us the Purchasing Agent regarding the suitability of any Notes Securities as an investment for you itself or your its clients. You acknowledge Each Selected Dealer acknowledges and agree agrees that it is your its sole responsibility to ensure that, prior to any distribution, the Notes Securities are suitable for your its clients, it is lawful for your its clients to purchase the Notes Securities and the clients are capable of evaluating and have evaluated the risks and merits of an investment in the NotesSecurities. You agree Each Selected Dealer agrees not to market the Notes Securities in any manner which is inconsistent with or not on the basis of the materials furnished to you it for use in the distribution and you agree agrees not to use marketing materials other than those that have been approved for use.

Registered Offerings. In the case of any Offering of Notes Securities that are registered under the 1933 Securities Act (“"Registered Offering”"), the following terms shall have the following meanings. The term “Preliminary Prospectus” means any preliminary prospectus relating to the Offering or any preliminary prospectus supplement together with a prospectus relating to the Offering. The term “Prospectus” means the prospectus, together with the final prospectus supplement, if any, relating to the Offering filed or to be filed under Rule 424 of the 1933 Securities Act. The term “free writing prospectus” has the meaning set forth in Rule 405 under the 1933 Securities Act and the term “Permitted Free Writing Prospectus” means (i) a free writing prospectus authorized for use by us and the issuer in connection with the Offering of the Notes Securities that has been or will be filed with the Securities and Exchange Commission (the “SEC”) in accordance with Rule 433(d) of the 1933 Securities Act or (ii) a free writing prospectus containing solely a description of terms of the Notes Securities that (a) does not reflect the final terms, (b) is exempt from the filing requirement pursuant to Rule 433(d)(5)(i) and (c) is furnished to you for use by Incapital LLC. “Additional Information” means the Preliminary Prospectus together with each Permitted Free Writing Prospectus, if any, delivered to you relating to the Offering of NotesSecurities. In connection with any Registered Offering, we will provide to you electronically copies of the Additional Information and of the Prospectus (other than, than in each case, case information incorporated by reference therein) for the purposes contemplated by the 1933 Securities Act and the Securities Exchange Act of 1934, as amended 1934 (the “1934 "Exchange Act”") and the applicable rules and regulations of the SEC Securities and Exchange Commission (the “Commission) thereunder and will make available to you such number of copies of the Prospectus as you may reasonably request as soon as practicable after sufficient copies are made available to us by the issuer of the NotesSecurities. You agree that you will not use, authorize use of, refer to, or participate in the planning for use of any written communication (as such term is defined in Rule 405 under the 0000 XxxSecurities Act) CHI99 4594812-7.021110.0014 concerning the Offering, or any issuer of the Notes Securities, (including, without limitation, any free writing prospectus and any information furnished by us and any issuer of Notes Securities but not incorporated by reference into the Preliminary Prospectus or Prospectus), ) other than (a) any Preliminary Prospectus or Prospectus or (b) any Permitted Free Writing Prospectus. You represent and warrant that you are familiar with the rules relating to the distribution of a Preliminary Prospectus and agree that you will comply therewith. You represent and warrant that you are familiar with Rule 173 under the 1933 Act relating to electronic delivery. You agree to make a record of your distribution of each Preliminary Prospectus and, when furnished with copies of any revised Preliminary Prospectus, you will, upon our request, promptly forward copies thereof to each person to whom you have theretofore distributed a Preliminary Prospectus. You agree that in purchasing Notes Securities in a Registered Offering you will rely upon no statement whatsoever, written or oral, other than the statements in the Preliminary Prospectus or the final Prospectus delivered to you by us and any Permitted Free Writing Prospectusus. You will not be authorized by the issuer or other seller of Notes Securities offered pursuant to a Prospectus prospectus or by any Underwriter to give any information or to make any representation not contained in the Prospectus prospectus in connection with the sale of such Notes. You agree that you have not relied, and will not rely, upon advice from us regarding the suitability of any Notes as an investment for you or your clients. You acknowledge and agree that it is your sole responsibility to ensure that, prior to any distribution, the Notes are suitable for your clients, it is lawful for your clients to purchase the Notes and the clients are capable of evaluating and have evaluated the risks and merits of an investment in the Notes. You agree not to market the Notes in any manner which is inconsistent with or not on the basis of the materials furnished to you for use in the distribution and you agree not to use marketing materials other than those that have been approved for useSecurities.

Registered Offerings. In the case of any Offering of Notes Securities that are registered under the 1933 Securities Act (“"Registered Offering”"), the following terms shall have the following meanings. The term “Preliminary Prospectus” means any preliminary prospectus relating to the Offering or any preliminary prospectus supplement together with a prospectus relating to the Offering. The term “Prospectus” means the prospectus, together with the final prospectus supplement, if any, relating to the Offering filed or to be filed under Rule 424 of the 1933 Securities Act. The term “free writing prospectus” has the meaning set forth in Rule 405 under the 1933 Securities Act and the term “Permitted Free Writing Prospectus” means (i) a free writing prospectus authorized for use by us and the issuer in connection with the Offering of the Notes Securities that has been or will be filed with the Securities and Exchange Commission (the “SEC”) in accordance with Rule 433(d) of the 1933 Securities Act or (ii) a free writing prospectus containing solely a description of terms of the Notes Securities that (a) does not reflect the final terms, (b) is exempt from the filing requirement pursuant to Rule 433(d)(5)(i) and (c) is furnished to you for use by Incapital LLC. “Additional Information” means the Preliminary Prospectus together with each Permitted Free Writing Prospectus, if any, delivered to you relating to the Offering of NotesSecurities. In connection with any Registered Offering, we will provide to you electronically copies of the Additional Information and of the Prospectus (other than, than in each case, case information incorporated by reference therein) for the purposes contemplated by the 1933 Securities Act and the Securities Exchange Act of 1934, as amended 1934 (the “1934 "Exchange Act”") and the applicable rules and regulations of the SEC Securities and Exchange Commission (the “Commission) thereunder and will make available to you such number of copies of the Prospectus as you may reasonably request as soon as practicable after sufficient copies are made available to us by the issuer of the NotesSecurities. You agree that you will not use, authorize use of, refer to, or participate in the planning for use of any written communication (as such term is defined in Rule 405 under the 0000 XxxSecurities Act) concerning the Offering, or any issuer of the Notes Securities, (including, without limitation, any free CHI99 4594812-9.021110.0014 writing prospectus and any information furnished by us and any issuer of Notes Securities but not incorporated by reference into the Preliminary Prospectus or Prospectus), ) other than (a) any Preliminary Prospectus or Prospectus or (b) any Permitted Free Writing Prospectus. You represent and warrant that you are familiar with the rules relating to the distribution of a Preliminary Prospectus and agree that you will comply therewith. You represent and warrant that you are familiar with Rule 173 under the 1933 Act relating to electronic delivery. You agree to make a record of your distribution of each Preliminary Prospectus and, when furnished with copies of any revised Preliminary Prospectus, you will, upon our request, promptly forward copies thereof to each person to whom you have theretofore distributed a Preliminary Prospectus. You agree that in purchasing Notes Securities in a Registered Offering you will rely upon no statement whatsoever, written or oral, other than the statements in the Preliminary Prospectus or the final Prospectus delivered to you by us and any Permitted Free Writing Prospectusus. You will not be authorized by the issuer or other seller of Notes Securities offered pursuant to a Prospectus prospectus or by any Underwriter to give any information or to make any representation not contained in the Prospectus prospectus in connection with the sale of such Notes. You agree that you have not relied, and will not rely, upon advice from us regarding the suitability of any Notes as an investment for you or your clients. You acknowledge and agree that it is your sole responsibility to ensure that, prior to any distribution, the Notes are suitable for your clients, it is lawful for your clients to purchase the Notes and the clients are capable of evaluating and have evaluated the risks and merits of an investment in the Notes. You agree not to market the Notes in any manner which is inconsistent with or not on the basis of the materials furnished to you for use in the distribution and you agree not to use marketing materials other than those that have been approved for useSecurities.

Registered Offerings. In the case of any Offering of Notes that are is registered under the 1933 Act (“Registered Offering”), the following terms shall have the following meanings. The term “Preliminary Prospectus” means any preliminary prospectus relating to the Offering or any preliminary prospectus supplement together with a prospectus relating to the Offering. The term “Prospectus” means the prospectus, together with the final prospectus supplement, if any, relating to the Offering filed or to be filed under Rule 424 of the 1933 Act. The term “free writing prospectus” has the meaning set forth in Rule 405 under the 1933 Act and the term “Permitted Free Writing Prospectus” means (i) a free writing prospectus authorized for use by us and the issuer in connection with the Offering of the Notes that has been or will be filed with the Securities and Exchange Commission (the “SEC”) in accordance with Rule 433(d) of the 1933 Act or (ii) a free writing prospectus containing solely a description of terms of the Notes that (a) does not reflect the final terms, (b) is exempt from the filing requirement pursuant to Rule 433(d)(5)(i) and (c) is furnished to you for use by Incapital LLC. “Additional Information” means the Preliminary Prospectus together with each Permitted Free Writing Prospectus, if any, delivered to you relating to the Offering of Notes. In connection with any Registered Offering, we will provide to you electronically copies of the Additional Information and of the Prospectus (other than, in each case, information incorporated by reference therein) for the purposes contemplated by the 1933 Act and the Securities Exchange Act of 1934, as amended (the “1934 Act”) and the applicable rules and regulations of the SEC thereunder and will make available to you such number of copies of the Prospectus as you may reasonably request as soon as practicable after sufficient copies are made available to us by the issuer of the Notes. Exh F(A)-2 You agree that you will not use, authorize use of, refer to, or participate in the planning for use of any written communication (as such term is defined in Rule 405 under the 0000 Xxx) concerning the Offering, or any issuer of the Notes (including, without limitation, any free writing prospectus and any information furnished by us and any issuer of Notes but not incorporated by reference into the Preliminary Prospectus or Prospectus), other than (a) any Preliminary Prospectus or Prospectus or (b) any Permitted Free Writing Prospectus. You represent and warrant that you are familiar with the rules relating to the distribution of a Preliminary Prospectus and agree that you will comply therewith. You represent and warrant that you are familiar with Rule 173 under the 1933 Act relating to electronic delivery. You agree to make a record of your distribution of each Preliminary Prospectus and, when furnished with copies of any revised Preliminary Prospectus, you will, upon our request, promptly forward copies thereof to each person to whom you have theretofore distributed a Preliminary Prospectus. You agree that in purchasing Notes in a Registered Offering you will rely upon no statement whatsoever, written or oral, other than the statements in the Preliminary Prospectus or the Prospectus delivered to you by us and any Permitted Free Writing Prospectus. You will not be authorized by the issuer or other seller of Notes offered pursuant to a Prospectus or by any Underwriter to give any information or to make any representation not contained in the Prospectus in connection with the sale of such Notes. You agree that you have not relied, and will not rely, upon advice from us regarding the suitability of any Notes as an investment for you or your clients. You acknowledge and agree that it is your sole responsibility to ensure that, prior to any distribution, the Notes are suitable for your clients, it is lawful for your clients to purchase the Notes and the clients are capable of evaluating and have evaluated the risks and merits of an investment in the Notes. You agree not to market the Notes in any manner which is inconsistent with or not on the basis of the materials furnished to you for use in the distribution and you agree not to use marketing materials other than those that have been approved for use.

Registered Offerings. In the case of any Offering of Notes Securities that are registered under the 1933 Securities Act (“Registered Offering”), the following terms shall have the following meanings. The term “Preliminary Prospectus” means any preliminary prospectus relating to the Offering or any preliminary prospectus supplement together with a prospectus relating to the Offering. The term “Prospectus” means the prospectus, together with the final prospectus supplement, if any, relating to the Offering filed or to be filed under Rule 424 of the 1933 Securities Act. The term “free writing prospectus” has the meaning set forth in Rule 405 under the 1933 Securities Act and the term “Permitted Free Writing Prospectus” means (i) a free writing prospectus authorized for use by us and SLM Corporation (the issuer “Issuer”) in connection with the Offering of the Notes Securities that has been or will be filed with the Securities and Exchange Commission (the “SEC”as defined) in accordance with Rule 433(d) of the 1933 Securities Act or (ii) a free writing prospectus containing solely a description of terms of the Notes Securities that (a) does not reflect the final terms, (b) is exempt from the filing requirement pursuant to Rule 433(d)(5)(i) and (c) is furnished to you for use by Incapital LLC. “Additional Information” means the Preliminary Prospectus together with each Permitted Free Writing Prospectus, if any, delivered to you relating to the Offering of NotesSecurities. In connection with any Registered Offering, we will provide to you electronically copies of the Additional Information and of the Prospectus (other than, in each case, information incorporated by reference therein) for the purposes contemplated by the 1933 Securities Act and the Securities Exchange Act of 1934, as amended (the “1934 Exchange Act”) and the applicable rules and regulations of the SEC Securities and Exchange Commission (the “Commission) thereunder and will make available to you such number of copies of the Prospectus as you may reasonably request as soon as practicable after sufficient copies are made available to us by the issuer of the NotesSecurities. You agree that you will not use, authorize use of, refer to, or participate in the planning for use of any written communication (as such term is defined in Rule 405 under the 0000 XxxSecurities Act) concerning the Offering, or any issuer of the Notes Securities (including, without limitation, any free writing prospectus and any information furnished by us and any issuer of Notes Securities but not incorporated by reference into the Preliminary Prospectus or Prospectus), other than (a) any Preliminary Prospectus or Prospectus or (b) any Permitted Free Writing Prospectus. You represent and warrant that you are familiar with the rules relating to the distribution of a Preliminary Prospectus and agree that you will comply therewith. You represent and warrant that you are familiar with Rule 173 under the 1933 Securities Act relating to electronic delivery. You agree to make a record of your distribution of each Preliminary Prospectus and, when furnished with copies of any revised Preliminary Prospectus, you will, upon our request, promptly forward copies thereof to each person to whom you have theretofore distributed a Preliminary Prospectus. You agree that in purchasing Notes Securities in a Registered Offering you will rely upon no statement whatsoever, written or oral, other than the statements in the Preliminary Prospectus or the final Prospectus delivered to you by us and any Permitted Free Writing Prospectusus. You will not be authorized by the issuer or other seller of Notes Securities offered pursuant to a Prospectus prospectus or by any Underwriter to give any information or to make any representation not contained in the Prospectus prospectus in connection with the sale of such NotesSecurities. You agree that you have not relied, and will not rely, upon advice from us regarding the suitability of any Notes Securities as an investment for you or your clients. You acknowledge and agree that it is your sole responsibility to ensure that, prior to any distribution, the Notes Securities are suitable for your clients, it is lawful for your clients to purchase the Notes Securities and the clients are capable of evaluating and have evaluated the risks and merits of an investment in the NotesSecurities. You agree not to market the Notes Securities in any manner which is inconsistent with or not on the basis of the materials furnished to you for use in the distribution and you agree not to use marketing materials other than those that have been approved for use.

Registered Offerings. In the case of any Offering of Notes that are registered under the 1933 Act (“Registered Offering”), the following terms shall have the following meanings. The term “Preliminary Prospectus” means any preliminary prospectus relating to the Offering or any preliminary prospectus supplement together with a prospectus relating to the Offering. The term “Prospectus” means the prospectus, together with the final prospectus supplement, if any, relating to the Offering filed or to be filed under Rule 424 of the 1933 Act. The term “free writing prospectus” has the meaning set forth in Rule 405 under the 1933 Act and the term “Permitted Free Writing Prospectus” means (i) a free writing prospectus authorized for use by us and the issuer in connection with the Offering of the Notes that has been or will be filed with the Securities and Exchange Commission (the “SEC”) in accordance with Rule 433(d) of the 1933 Act or (ii) a free writing prospectus containing solely a description of terms of the Notes that (a) does not reflect the final terms, (b) is exempt from the filing requirement pursuant to Rule 433(d)(5)(i) and (c) is furnished to you for use by Incapital LLC. “Additional Information” means the Preliminary Prospectus together with each Permitted Free Writing Prospectus, if any, delivered to you relating to the Offering of Notes. In connection with any Registered Offering, we will MCF shall provide to you electronically the Selected Dealer with such number of copies of each final prospectus and final prospectus supplement relating thereto as the Additional Information and of the Prospectus (other than, in each case, information incorporated by reference therein) Selected Dealer may reasonably request for the purposes contemplated by the 1933 Act and the Securities Exchange Act of 1934, as amended 1934 (the “1934 "Exchange Act”") and the applicable rules and regulations of the SEC thereunder Securities and will make available to you such number of copies of Exchange Commission (the Prospectus as you may reasonably request as soon as practicable after sufficient copies are made available to us by the issuer of the Notes"Commission") promulgated thereunder. You agree The Selected Dealer represents and warrants that you will not use, authorize use of, refer to, or participate in the planning for use of any written communication (as such term it is defined in familiar with Rule 405 15c2-8 promulgated under the 0000 Xxx) concerning the Offering, or any issuer of the Notes (including, without limitation, any free writing prospectus and any information furnished by us and any issuer of Notes but not incorporated by reference into the Preliminary Prospectus or Prospectus), other than (a) any Preliminary Prospectus or Prospectus or (b) any Permitted Free Writing Prospectus. You represent and warrant that you are familiar with the rules Exchange Act relating to the distribution of a Preliminary Prospectus preliminary and agree final prospectuses and agrees that you it will comply therewith. You represent and warrant that you are familiar with Rule 173 under the 1933 Act relating to electronic delivery. You agree The Selected Dealer agrees to make a record of your its distribution of each Preliminary Prospectus prospectus and, when furnished with copies of any revised Preliminary Prospectusprospectus, you the Selected Dealer will, upon our MCF's request, promptly forward copies thereof to each person to whom you have the Selected Dealer has theretofore distributed a Preliminary Prospectusprospectus. You agree The Selected Dealer agrees to furnish to persons who receive a confirmation of sale a copy of the Prospectus filed pursuant to Rule 424(b) or Rule 424(c) promulgated under the Act. The Selected Dealer agrees that in purchasing Notes in a Registered Offering you Units, it will rely upon no statement whatsoever, written or oral, other than the statements in the Preliminary Prospectus or the Prospectus final prospectus delivered to you by us and any Permitted Free Writing Prospectusthe Selected Dealer. You The Selected Dealer will not be authorized by the issuer Company or other seller of Notes Units offered pursuant to a Prospectus prospectus or by any Underwriter underwriter engaged in connection with the Offering (each an "Underwriter" and collectively, the "Underwriters") to give any information or to make any representation not contained in the Prospectus prospectus in connection with the sale of such Notes. You agree that you have not relied, and will not rely, upon advice from us regarding the suitability of any Notes as an investment for you or your clients. You acknowledge and agree that it is your sole responsibility to ensure that, prior to any distribution, the Notes are suitable for your clients, it is lawful for your clients to purchase the Notes and the clients are capable of evaluating and have evaluated the risks and merits of an investment in the Notes. You agree not to market the Notes in any manner which is inconsistent with or not on the basis of the materials furnished to you for use in the distribution and you agree not to use marketing materials other than those that have been approved for useUnits.

Registered Offerings. In the case of any Offering of Notes Securities that are is registered under the 1933 Securities Act (“Registered Offering”), the following terms shall have the following meanings. The term “Preliminary Prospectus” means any preliminary prospectus relating to the Offering or any preliminary prospectus supplement together with a prospectus relating to the Offering. The term “Prospectus” means the prospectus, together with the final prospectus supplement, if any, relating to the Offering filed or to be filed under Rule 424 of the 1933 Securities Act. The term “free writing prospectus” has the meaning set forth in Rule 405 under the 1933 Securities Act and the term “Permitted Free Writing Prospectus” means (i) a free writing prospectus authorized for use by us and the issuer in connection with the Offering of the Notes Securities that has been or will be filed with the Securities and Exchange Commission (the “SEC”as defined) in accordance with Rule 433(d) of the 1933 Securities Act or (ii) a free writing prospectus containing solely a description of terms of the Notes Securities that (a) does not reflect the final terms, (b) is exempt from the filing requirement pursuant to Rule 433(d)(5)(i) and (c) is furnished to you for use by Incapital LLC. “Additional Information” means the Preliminary Prospectus together with each Permitted Free Writing Prospectus, if any, delivered to you relating to the Offering of NotesSecurities. In connection with any Registered Offering, we will provide to you electronically copies of the Additional Information and of the Prospectus (other than, in each case, information incorporated by reference therein) for the purposes contemplated by the 1933 Securities Act and the Securities Exchange Act of 1934, as amended (the “1934 Exchange Act”) and the applicable rules and regulations of the SEC Securities and Exchange Commission (the “Commission”) thereunder and will make available to you such number of copies of the Prospectus as you may reasonably request as soon as practicable after sufficient copies are made available to us by the issuer of the NotesSecurities. You agree that you will not use, authorize use of, refer to, or participate in the planning for use of any written communication (as such term is defined in Rule 405 under the 0000 XxxSecurities Act) concerning the Offering, or any issuer of the Notes Securities (including, without limitation, any free writing prospectus and any information furnished by us and any issuer of Notes Securities but not incorporated by reference into the Preliminary Prospectus or Prospectus), other than (a) any Preliminary Prospectus or Prospectus or (b) any Permitted Free Writing Prospectus. You represent and warrant that you are familiar with the rules relating to the distribution of a Preliminary Prospectus and agree that you will comply therewith. You represent and warrant that you are familiar with Rule 173 under the 1933 Securities Act relating to electronic delivery. You agree to make a record of your distribution of each Preliminary Prospectus and, when furnished with copies of any revised Preliminary Prospectus, you will, upon our request, promptly forward copies thereof to each person to whom you have theretofore distributed a Preliminary Prospectus. You agree that in purchasing Notes Securities in a Registered Offering you will rely upon no statement whatsoever, written or oral, other than the statements in the Preliminary Prospectus or the final Prospectus delivered to you by us and any Permitted Free Writing Prospectusus. You will not be authorized by the issuer or other seller of Notes Securities offered pursuant to a Prospectus prospectus or by any Underwriter to give any information or to make any representation not contained in the Prospectus prospectus in connection with the sale of such NotesSecurities. You agree that you have not relied, and will not rely, upon advice from us regarding the suitability of any Notes Securities as an investment for you or your clients. You acknowledge and agree that it is your sole responsibility to ensure that, prior to any distribution, the Notes Securities are suitable for your clients, it is lawful for your clients to purchase the Notes Securities and the clients are capable of evaluating and have evaluated the risks and merits of an investment in the NotesSecurities. You agree not to market the Notes Securities in any manner which is inconsistent with or not on the basis of the materials furnished to you for use in the distribution and you agree not to use marketing materials other than those that have been approved for use.

Registered Offerings. In the case of any Offering of Notes Securities that are registered under the 1933 Securities Act (“Registered Offering”), the following terms shall should have the following meaningsmeaning. The term “Preliminary Prospectus” means any preliminary prospectus relating to the Offering or any preliminary prospectus supplement together with a prospectus relating to the Offering. The term “Prospectus” means the prospectus, together with the final prospectus supplement, if any, relating to the Offering filed or to be filed under Rule 424 of the 1933 Securities Act. The term “free writing prospectus” has the meaning set forth in Rule 405 under the 1933 Securities Act and the term “Permitted Free Writing Prospectus” means (i) a free writing prospectus authorized for use by us and the issuer in connection with the Offering of the Notes Securities that has been or will be filed with the Securities and & Exchange Commission (the “SECCommission”) in accordance with Rule 433(d) of the 1933 Securities Act or (ii) a free writing prospectus containing solely a description of terms of the Notes Securities that (a) does not reflect the final terms, (b) is exempt from the filing requirement pursuant to Rule 433(d)(5)(i) and (c) is furnished to you for use by Incapital LLCLFS. “Additional InformationTime of Sale Information ” means the Preliminary Prospectus together with each Permitted Free Writing Prospectus, if any, delivered to you relating to the Offering of NotesSecurities. In connection with any Registered Offering, we will shall provide to you with, or otherwise make available (electronically or by other means), such number of copies of the Additional Time of Sale Information and of the Prospectus (other than, than in each case, case information incorporated by reference therein) as you may reasonably request for the purposes contemplated by the 1933 Securities Act and the Securities Exchange Act of 1934, as amended 1934 (the “1934 Exchange Act”) and the applicable rules and regulations of the SEC thereunder Commission thereunder. You represent and warrant that you are familiar with Rule 173 under the Securities Act and agree that you will make available to you such number of copies of the Prospectus as you may reasonably request as soon as practicable after sufficient copies are made available to us by the issuer of the Notescomply therewith. You agree that you will not use, authorize use of, refer to, or participate in the planning for use of any written communication (as such term is defined in Rule 405 under the 0000 XxxSecurities Act) concerning the Offering, or any issuer of the Notes Securities, (including, including without limitation, limitation any free writing prospectus and any information furnished by us and any issuer of Notes the Securities but not incorporated by reference into the Preliminary Prospectus or Prospectus), ) other than than: (a) any Preliminary Prospectus or Prospectus or Prospectus; (b) any Permitted Free Writing Prospectus; or (c) any communications that comply with Rule 134 or Rule 135 of the Securities Act. You represent and warrant that the Time of Sale Information has been conveyed to each person to whom you are familiar sell or deliver Securities prior to entering into a contract of sale with the rules relating to the distribution of a Preliminary Prospectus and agree that you will comply therewith. You represent and warrant that you are familiar with Rule 173 under the 1933 Act relating to electronic deliverysuch person. You agree to make a record of your distribution of the Time of Sale Information related to each Preliminary Prospectus and, when Offering. When furnished with copies of any revised Preliminary Prospectus or Permitted Free Writing Prospectus or a new Permitted Free Writing Prospectus revising or supplementing the terms of the Preliminary Prospectus or a previous Permitted Free Writing Prospectus, you will, upon our request, promptly forward copies thereof to each person to whom you have theretofore distributed a Preliminary Prospectus. You agree that in purchasing Notes in a Registered Offering you will rely upon no statement whatsoever, written or oral, other than the statements in the Preliminary Prospectus or the Prospectus delivered to you by us and any Permitted Free Writing ProspectusProspectus prior to entering into any contract of sale with such person. You will not be authorized by the issuer or other seller of Notes Securities offered pursuant to a Prospectus prospectus or by any Underwriter to give any information or to make any representation not contained in the Prospectus Time of Sale Information in connection with the sale of such Notes. You agree that you have not relied, and will not rely, upon advice from us regarding the suitability of any Notes as an investment for you or your clients. You acknowledge and agree that it is your sole responsibility to ensure that, prior to any distribution, the Notes are suitable for your clients, it is lawful for your clients to purchase the Notes and the clients are capable of evaluating and have evaluated the risks and merits of an investment in the Notes. You agree not to market the Notes in any manner which is inconsistent with or not on the basis of the materials furnished to you for use in the distribution and you agree not to use marketing materials other than those that have been approved for useSecurities.

Registered Offerings. In the case of any Offering of Notes Securities that are registered under the 1933 Securities Act (“Registered Offering”), the following terms shall have the following meanings. The term “Preliminary Prospectus” means any preliminary prospectus relating to the Offering or any preliminary prospectus supplement together with a prospectus relating to the Offering. The term “Prospectus” means the prospectus, together with the final prospectus supplement, if any, relating to the Offering filed or to be filed under Rule 424 of the 1933 Securities Act. The term “free writing prospectus” has the meaning set forth in Rule 405 under the 1933 Securities Act and the term “Permitted Free Writing Prospectus” means (i) a free writing prospectus authorized for use by us and the issuer in connection with the Offering of the Notes Securities that has been or will be filed with the Securities and Exchange Commission (the “SEC”) in accordance with Rule 433(d) of the 1933 Securities Act or (ii) a free writing prospectus containing solely a description of terms of the Notes Securities that (a) does not reflect the final terms, (b) is exempt from the filing requirement pursuant to Rule 433(d)(5)(i) and (c) is furnished to you for use by Incapital LLC. “Additional Information” means the Preliminary Prospectus together with each Permitted Free Writing Prospectus, if any, delivered to you relating to the Offering of NotesSecurities. In connection with any Registered Offering, we will provide to you electronically copies of the Additional Information and of the Prospectus (other than, than in each case, case information incorporated by reference therein) for the purposes contemplated by the 1933 Securities Act and the Securities Exchange Act of 1934, as amended 1934 (the “1934 Exchange Act”) and the applicable rules and regulations of the SEC Securities and Exchange Commission (the “Commission”) thereunder and will make available to you such number of copies of the Prospectus as you may reasonably request as soon as practicable after sufficient copies are made available to us by the issuer of the NotesSecurities. You agree that you will not use, authorize use of, refer to, or participate in the planning for use of any written communication (as such term is defined in Rule 405 under the 0000 XxxSecurities Act) concerning the Offering, or any issuer of the Notes Securities, (including, without limitation, any free writing prospectus and any information furnished by us and any issuer of Notes Securities but not incorporated by reference into the Preliminary Prospectus or Prospectus), ) other than (a) any Preliminary Prospectus or Prospectus or (b) any Permitted Free Writing Prospectus. You represent and warrant that you are familiar with the rules relating to the distribution of a Preliminary Prospectus and agree that you will comply therewith. You represent and warrant that you are familiar with Rule 173 under the 1933 Act relating to electronic delivery. You agree to make a record of your distribution of each Preliminary Prospectus and, when furnished with copies of any revised Preliminary Prospectus, you will, upon our request, promptly forward copies thereof to each person to whom you have theretofore distributed a Preliminary Prospectus. You agree that in purchasing Notes Securities in a Registered Offering you will rely upon no statement whatsoever, written or oral, other than the statements in the Preliminary Prospectus or the final Prospectus delivered to you by us and any Permitted Free Writing Prospectusus. You will not be authorized by the issuer or other seller of Notes Securities offered pursuant to a Prospectus prospectus or by any Underwriter to give any information or to make any representation not contained in the Prospectus prospectus in connection with the sale of such Notes. You agree that you have not relied, and will not rely, upon advice from us regarding the suitability of any Notes as an investment for you or your clients. You acknowledge and agree that it is your sole responsibility to ensure that, prior to any distribution, the Notes are suitable for your clients, it is lawful for your clients to purchase the Notes and the clients are capable of evaluating and have evaluated the risks and merits of an investment in the Notes. You agree not to market the Notes in any manner which is inconsistent with or not on the basis of the materials furnished to you for use in the distribution and you agree not to use marketing materials other than those that have been approved for useSecurities.