Student Loan-Backed Notes Underwriting AgreementUnderwriting Agreement • March 25th, 2011 • SLM Student Loan Trust 2010-2 • Asset-backed securities • New York
SLM Education Credit Finance Corporation (“SLM ECFC”), a Delaware corporation, and SLM Funding LLC (the “Company”), a Delaware limited liability company and a wholly-owned subsidiary of SLM ECFC, will cause SLM Investment Corporation (“SLMIC”), a Delaware corporation and affiliate of the Company, to sell pursuant to the terms and conditions stated in this underwriting agreement (this “Agreement”) to the firm or firms named in Schedule I to this Agreement (each firm constituting the “Underwriter” with respect to the Notes (as defined below)) $22,379,000 aggregate principal amount of Floating Rate Class B Student Loan-Backed Notes due December 28, 2043 (the “Notes”) issued by SLM Student Loan Trust 2010-2 (the “Trust”) on August 26, 2010 and retained by the Company and transferred to SLMIC on such date. The Notes are being offered pursuant to and are described more fully in the Supplement, dated March 17, 2011, to the Prospectus Supplement, dated August 18, 2010, and the Base Prospectus,
