0001362310-09-003070 Sample Contracts

LOAN PURCHASE AGREEMENT
Loan Purchase Agreement • March 3rd, 2009 • Nelnet Inc • Short-term business credit institutions • Nebraska

This Loan Purchase Agreement (the “Loan Purchase Agreement”) made and entered into as of this 25th day of November, 2008, by and between Nelnet Education Loan Funding, Inc., f/k/a NEBHELP, INC., a Nebraska corporation (the “Seller”), acting, where applicable, by and through Wells Fargo Bank, National Association, not individually but as Eligible Lender Trustee (the “Trustee”) for the Seller under the Warehouse Agreement or Eligible Lender Trust Agreement (as defined herein), and Union Bank and Trust Company, a Nebraska state bank and trust company, acting in its individual capacity and as trustee (the “Purchaser”).

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ASSURANCE COMMITMENT AGREEMENT
Assurance Commitment Agreement • March 3rd, 2009 • Nelnet Inc • Short-term business credit institutions

This Assurance Commitment Agreement (the “Agreement”) is made and entered into as of the 25th day of November, 2008, by and among Jay L. Dunlap, individually, Angie Muhleisen, individually and Michael S. Dunlap, individually (collectively, the “Dunlap Family”), Nelnet, Inc., a Nebraska corporation (“Nelnet”), Union Bank and Trust Company, a Nebraska state banking corporation (“Union Bank”) and Farmers & Merchants Investment Inc., a Nebraska corporation (the “Holding Company”).

LOAN SERVICING AGREEMENT Between NELNET, INC. and UNION BANK AND TRUST COMPANY, Individually and as Trustee Date: November 25, 2008
Loan Servicing Agreement • March 3rd, 2009 • Nelnet Inc • Short-term business credit institutions • Nebraska

THIS LOAN SERVICING AGREEMENT (this “Agreement”) is made as of the 25th day of November, 2008 (the “Effective Date”), by and between NELNET, INC., a Nebraska corporation (the “Servicer”), and Union Bank and Trust Company, individually and as trustee, a Nebraska state banking corporation and trust company (the “Lender”).

AMENDED AND RESTATED AIRCRAFT MANAGEMENT AGREEMENT
Aircraft Management Agreement • March 3rd, 2009 • Nelnet Inc • Short-term business credit institutions

THIS AMENDED AND RESTATED AIRCRAFT MANAGEMENT AGREEMENT (the “Agreement”) is made and entered into as of the 30th day of September, 2008, by and between DUNCAN AVIATION, INC. (“Duncan”), National Education Loan Network, Inc. as successor in interest to Nelnet Corporate Services, Inc. (“Nelnet”) and Union Financial Services, Inc. (“UFS”) (Nelnet and UFS being sometimes referred to herein individually as a “Joint Owner” and collectively as the “Joint Owners”) and is made with reference to the following:

EIGHTH AMENDMENT OF AMENDED AND RESTATED PARTICIPATION AGREEMENT
Participation Agreement • March 3rd, 2009 • Nelnet Inc • Short-term business credit institutions

This Eighth Amendment of the Amended and Restated Participation Agreement (the “Amendment”) is made and entered into as of this 24th day of December, 2008, by and between and Union Bank and Trust Company, a Nebraska banking corporation and trust company, solely in its capacity as trustee of various grantor trusts known as Short Term Federal Investment Trusts or other grantor trusts (“Union Bank”) and National Education Loan Network, Inc., a Nevada corporation (“Nelnet”).

AMENDED AND RESTATED AIRCRAFT JOINT OWNERSHIP AGREEMENT
Aircraft Joint Ownership Agreement • March 3rd, 2009 • Nelnet Inc • Short-term business credit institutions

THIS AMENDED AND RESTATED AIRCRAFT JOINT OWNERSHIP AGREEMENT (the “Agreement”) is made and entered into as of the 30th day of September, 2008, by and between National Education Loan Network, Inc. (“Nelnet”), and Union Financial Services, Inc. (“UFS”) (Nelnet and UFS being referred to herein individually as a “Joint Owner” and collectively as the “Joint Owners”) and is made with reference to the following:

August 4, 2008
Separation Agreement • March 3rd, 2009 • Nelnet Inc • Short-term business credit institutions

This letter will confirm our discussion and mutual agreement regarding your separation from permanent full time employment with Nelnet or its subsidiaries (including 5280 Solutions, LLC and collectively defined here as “Nelnet”) as of July 15, 2008 (the “Termination Date”). As we have discussed, the terms of our agreement are as follows, and any prior agreements or arrangements related to your employment are void.

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