SLM CORPORATION MEDIUM TERM NOTES, SERIES A AMENDED AND RESTATED DISTRIBUTION AGREEMENT Dated as of September 13, 2002Distribution Agreement • August 1st, 2003 • SLM Corp • Personal credit institutions • New York
SLM Corporation, formerly known as USA Education, Inc., a Delaware corporation (the "Company"), entered into a distribution agreement with the agents party thereto as of October 1, 2001, which distribution agreement was amended by amendments dated as of March 28, 2002 and August 20, 2002. The Company desires to amend further and restate the distribution agreement (the distribution agreement, as amended or supplemented from time to time, the "Distribution Agreement"). The Company proposes to continue to issue and sell, from time to time, its medium term debt securities (the "Notes") in an amount up to Thirteen Billion Dollars (U.S. $13,000,000,000) in the aggregate, plus increases from time to time under Rule 462(b) of the General Rules and Regulation s under the Securities Act of 1933, as amended, and agrees with each person serving as an agent under the Distribution Agreement (individually an "Agent" and collectively, the "Agents").
