0000950123-09-030360 Sample Contracts

Contract
Note Purchase and Security Agreement • August 5th, 2009 • SLM Corp • Personal credit institutions

The following contracts are substantially identical in all material respects to the contract filed herewith as EXHIBIT 10.3, except as to the identity of the Trust that is the issuer of the variable funding notes that are to be sold pursuant to each such contract, as set forth below:

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CONFIDENTIAL AGREEMENT AND RELEASE
Confidential Agreement and Release • August 5th, 2009 • SLM Corp • Personal credit institutions • Virginia

SLM Corporation and its subsidiaries, predecessors, and affiliates (collectively “SLM”) and I have reached the following confidential understanding and agreement. In exchange for the Special Payments and other consideration listed below, I promise to comply fully with the terms of this Confidential Agreement and Release (“Agreement and Release”). In exchange for my promises, SLM agrees to provide me with the benefits listed below, certain of which I am not otherwise entitled.

CONFIDENTIAL AGREEMENT AND RELEASE
Confidential Agreement and Release • August 5th, 2009 • SLM Corp • Personal credit institutions • Virginia

SLM Corporation and its subsidiaries, predecessors, and affiliates (collectively “SLM”) and I have reached the following confidential understanding and agreement. In exchange for the Special Payments and other consideration listed below, I promise to comply fully with the terms of this Confidential Agreement and Release (“Agreement and Release”). In exchange for my promises, SLM agrees to provide me with the benefits listed below, certain of which I am not otherwise entitled.

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