0001162318-08-000062 Sample Contracts

REMARKETING AGREEMENT
Remarketing Agreement • May 9th, 2008 • SLM Student Loan Trust 2005-7 • Asset-backed securities • New York

REMARKETING AGREEMENT, dated as of April 2, 2008, among SLM Student Loan Trust 2005-7 (the “Trust”), Sallie Mae, Inc., as administrator (the “Administrator”) and Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Merrill Lynch” and in its capacity as remarketing agent under this Agreement, the “Remarketing Agent”).

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STUDENT LOAN-BACKED NOTES, SERIES 2005-7 OMNIBUS AMENDMENT NO. 2 dated as of April 25, 2008, to ADMINISTRATION AGREEMENT, dated as of August 11, 2005, among SLM Funding LLC, as Depositor, Sallie Mae, Inc., as Servicer and Administrator, SLM STUDENT...
Administration Agreement • May 9th, 2008 • SLM Student Loan Trust 2005-7 • Asset-backed securities • New York

the ADMINISTRATION AGREEMENT, dated as of August 11, 2005 (as amended or otherwise modified from time to time, the “Administration Agreement”), among SLM FUNDING LLC, as Depositor (the “Depositor”), SALLIE MAE, INC., as Servicer and Administrator (in such capacities, the “Servicer” and the “Administrator”), SLM STUDENT LOAN TRUST 2005-7, as Issuer (the “Issuer”), THE BANK OF NEW YORK TRUST COMPANY, N.A., as successor Eligible Lender Trustee to Chase Bank USA, National Association (in such capacity, the “Eligible Lender Trustee”), and DEUTSCHE BANK TRUST COMPANY AMERICAS, as Indenture Trustee (in such capacity, the “Indenture Trustee”); and

SUPPLEMENTAL REMARKETING AGENCY AGREEMENT
Supplemental Remarketing Agency Agreement • May 9th, 2008 • SLM Student Loan Trust 2005-7 • Asset-backed securities

SUPPLEMENTAL REMARKETING AGENCY AGREEMENT, dated as of April 22, 2008, (this “Agreement”) by and among SLM Student Loan Trust 2005-7 (the “Trust”), Sallie Mae, Inc., as administrator, (the “Administrator”), Banc of America Securities LLC and Deutsche Bank Securities Inc. (each, a “Lead Remarketing Agent”) and Merrill Lynch, Pierce, Fenner & Smith Incorporated (the “Co-Lead Remarketing Agent”, and, collectively with the Lead Remarketing Agents, the “Remarketing Agents”). The Remarketing Agents will attempt, on a reasonable efforts basis, to remarket the Class A-3 Reset Rate Notes (the “Notes”) described below that have been validly tendered by the holders thereof for sale on April 25, 2008 (the “Reset Date”) at a price equal to 100% of the aggregate principal amount so tendered in accordance with the terms hereof and of the Remarketing Agreement, dated as of August 11, 2005, among the Trust, the Administrator and the Lead Remarketing Agents (the “Lead Remarketing Agreement”), and the Re

REMARKETING AGENCY AGREEMENT
Remarketing Agency Agreement • May 9th, 2008 • SLM Student Loan Trust 2005-7 • Asset-backed securities

REMARKETING AGENCY AGREEMENT, dated as of April 15, 2008, (this “Agreement”) by and among SLM Student Loan Trust 2005-7 (the “Trust”), Sallie Mae, Inc., as administrator (the “Administrator”), Banc of America Securities LLC and Deutsche Bank Securities Inc. (each, a “Lead Remarketing Agent”) and Merrill Lynch, Pierce, Fenner & Smith Incorporated (the “Co-Remarketing Agent” and, collectively with the Lead Remarketing Agents, the “Remarketing Agents”). The Remarketing Agents, in consultation with the Administrator, hereby establish the terms for the Class A-3 Reset Rate Notes (the “Notes”) described below with respect to the “Reset Date” on April 25, 2008, in accordance with the terms hereof and of the Remarketing Agreement, dated as of August 11, 2005, among the Trust, the Administrator and the Lead Remarketing Agents (the “Lead Remarketing Agreement”), and the Remarketing Agreement, dated as of April 2, 2008, among the Trust, the Administrator and the Co-Remarketing Agent (the “Co-Rema

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