Underwriting Agreement Barclays Dryrock Issuance Trust $500,000,000 Class A Series 2016-1 Fixed Rate Asset Backed Notes July 27, 2016Underwriting Agreement • July 27th, 2016 • Barclays Dryrock Issuance Trust • Asset-backed securities • New York
Contract Type FiledJuly 27th, 2016 Company Industry JurisdictionThe undersigned, Barclays Dryrock Funding LLC (the “Transferor”), proposes to cause Barclays Dryrock Issuance Trust (the “Issuer” or the “Trust”) to issue $500,000,000 (stated principal amount) Class A Series 2016-1 Fixed Rate Asset Backed Notes (the “Class A Notes”) and $109,757,000 (stated principal amount) Class B Series 2016-1 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 Notes Transaction”). Barclays Capital Inc., as a representative of the Underwriters (as defined below), may be referred to herein as the “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, as