Underwriting Agreement Barclays Dryrock Issuance Trust $250,000,000 Class A Series 2014-5 Fixed Rate Asset Backed NotesUnderwriting Agreement • November 26th, 2014 • Barclays Dryrock Issuance Trust • Asset-backed securities • New York
The undersigned, Barclays Dryrock Funding LLC (the “Transferor”), proposes to cause Barclays Dryrock Issuance Trust (the “Issuer” or the “Trust”) to issue $250,000,000 (stated principal amount) Class A Series 2014-5 Fixed Rate Asset Backed Notes (the “Class A Notes”) and $54,879,000 (stated principal amount) Class B Series 2014-5 Fixed Rate Asset Backed Notes (the “Class B Notes” and, together with the Class A Notes, the “Notes”). The Class A Notes are referred to herein as the “Underwritten Notes.” The Class B Notes are referred to herein as the “Retained Notes” and will be retained by the Transferor (referred to herein as the “Retained Note Transaction”). Barclays Capital Inc., as a representative of the Underwriters (as defined below), may be referred to herein as a “Representative.” The Issuer is a Delaware statutory trust established as Dryrock Issuance Trust and created pursuant to (a) a Trust Agreement, dated as of June 8, 2012, as amended and restated on August 1, 2012, and as
