Document:

Q2 2003 Exhibit 10.16

                                           Exhibit 10.16

   ** Confidential Treatment Requested       

SECURITY AGREEMENT

WELLS FARGOSECURITIES ACCOUNT

	GRANT OF
SECURITY INTEREST.  For valuable consideration, the undersigned E-LOAN,
Inc., or any of them ("Debtor"), hereby grants and transfers to WELLS
FARGO BANK, NATIONAL ASSOCIATION ("Bank") a security interest in (a)
Debtor's account no. [**] (whether held in Debtor's name or as a Bank
collateral  account for the benefit of Debtor), and all replacements or
substitutions therefor, including any account resulting from a
renumbering or other administrative re-identification thereof (collectively, the
"Securities Account") maintained with Wells Capital Management
("Intermediary"), (b) all financial assets credited to the Securities Account,
(c) all security entitlements with respect to the financial assets credited to
the Securities Account, and (d) any and all other investment property or
assets maintained or recorded in the Securities Account (with all the
foregoing defined as "Collateral"), together with whatever is receivable or
received when any of the Collateral or proceeds thereof are sold,
collected, exchanged or otherwise disposed of, whether such disposition is
voluntary or involuntary, including without limitation, (i) all rights to
payment, including returned premiums, with respect to any insurance
relating to any of the foregoing, (ii) all rights to payment with respect
to any claim or cause of action affecting or relating to any of the foregoing,
and (iii) all stock rights, rights to subscribe, stock splits,
liquidating dividends, cash dividends, dividends paid in stock, new
securities or other property of any kind which Debtor is or may
hereafter be entitled to receive on account of any securities pledged
hereunder, including without limitation, stock received by Debtor due to stock
splits or dividends paid in stock or sums paid upon or in respect of any
securities pledged hereunder upon the liquidation or dissolution of
the issuer thereof (hereinafter called "Proceeds").  Except as otherwise
expressly permitted herein, in the event Debtor receives any such Proceeds,
Debtor will hold the same in trust on behalf of and for the benefit of
Bank and will immediately deliver all such Proceeds to Bank in the exact form
received, with the endorsement of Debtor if necessary and/or
appropriate undated stock powers duly executed in blank, to be held by Bank
as part of the Collateral, subject to all terms hereof.  As used herein, the
terms "security entitlement," 'financial asset" and "investment property"
shall have the respective meanings set forth in the California
Uniform Commerical Code.

	OBLIGATIONS SECURED.  The obligations secured
hereby are the payment and performance of: (a) all present and future
Indebtedness of Debtor to Bank; (b) all obligations of Debtor and rights of Bank
under this Agreement; and (c) all present and future obligations of Debtor to
Bank of other kinds.  The word "Indebtedness" is used herein in its
most comprehensive sense and includes any and all advances, debts, obligations
and liabilities of Debtor, or any of them, heretofore, now or hereafter made,
incurred or created, whether voluntary or involuntary and however arising,
whether due or not due, absolute or contingent,
liquidated or unliquidated, determined  or undetermined, and whether
Debtor may be liable individually or jointly, or whether recovery upon
such Indebtedness may be or hereafter becomes unenforceable.

	TERMINATION.  This Agreement will terminate upon
the performance of all obligations of Debtor to Bank, including without
limitation, the payment of all Indebtedness of Debtor to Bank, and the
termination of all commitments of Bank to extend credit to Debtor, existing
at the time Bank receives written notice from Debtor of the
termination of this Agreement,

	OBLIGATIONS OF BANK.  Bank has no obligation to
make any loans hereunder.  Any money received by Bank in respect of the
Collateral may be deposited, at Bank's option, into a non-interest bearing
account over which Debtor shall have no control, and the same shall, for
all purposes, be deemed Collateral hereunder.  Bank shall have no duty
to take any steps necessary to preserve the rights of Debtor against prior
parties, or to initiate any action to protect against the possibility of a
decline in the market value of the Collateral or Proceeds.  Bank shall
not be obligated to take any action with respect to the Collateral or Proceeds
requested by Debtor unless such request is made in writing and Bank
determines, in its sole discretion, that the requested action would not
unreasonably jeopardize the value of the Collateral and Proceeds as security for
the Indebtedness.

   ** Confidential Treatment Requested       

	REPRESENTATIONS AND WARRANTIES.  Debtor represents
and warrants to Bank that: . (a) Debtor's legal name is exactly as set forth on
the first page of this Agreement, and all of Debtor's organizational
documents or agreements delivered to Bank are complete and accurate in
every respect; (b) Debtor is the owner of the Collateral and Proceeds;
(c) Debtor has the exclusive right to grant a security interest in the
Collateral and Proceeds; (d) all Collateral and Proceeds are genuine, free
from liens, adverse claims, setoffs, default, prepayment, defenses and
conditions precedent of any kind or character, except the lien created
hereby or as otherwise agreed to by Bank, or heretofore disclosed by
Debtor to Bank, in writing; (e) all statements contained herein and, where
applicable, in the Collateral, are true and complete in all material
respects; (f) no financing statement or control agreement covering any of
the Collateral or Proceeds, and naming any secured party other than
Bank, exists or is on file in any public office or remains in effect; (g) no
person or entity, other then Debtor, Bank and Intermediary, has any
interest in or control over the Collateral; and (h) specifically with
respect to Collateral end Proceeds consisting of investment securities,
instruments, chattel paper, documents, contracts, insurance policies or any
like property, (i) all persons appearing to be obligated thereon have
authority and capacity to contract and are bound as they appear to be, and (ii)
the same comply with applicable laws concerning form, content and manner of
preparation and execution.

	COVENANTS OF DEBTOR.

	Debtor Agrees in general:  (a) to pay Indebtedness
secured hereby when due; (b) to indemnify Bank against all losses, claims,
demands, liabilities and expenses of every kind caused by property subject
hereto; (c) to pay all costs and expenses, including reasonable attorneys' fees,
incurred by Bank in the perfection and preservation of the Collateral or Bank's
interest therein and/or the realization, enforcement and exercise of
Bank's rights, powers and remedies hereunder; (d) to permit Bank to
exercise its powers; (e) to execute and deliver such documents as Bank
deems necessary to create, perfect and continue the security interests
contemplated hereby: (f) not to change its name, and as applicable, its chief
executive office, its principal residence or the jurisdiction in which it
is organized and/or registered without giving Bank prior written notice
thereof; (g) not to change the places where Debtor keeps any Collateral or
Debtor's records concerning the Collateral and Proceeds without giving Bank
prior written notice of the address to which Debtor is moving
same; and (h) to cooperate with Bank in perfecting all security
interests granted herein and in obtaining such agreements from third parties as
Bank deems necessary, proper or convenient in connection with the
preservation, perfection or enforcement of any of its rights
hereunder.

	Debtor agrees with regard to the Collateral and Proceeds,
unless Bank agrees otherwise in writing: (a) that Bank is authorized to
file financing statements in the name of Debtor to perfect Bank's security
interest in Collateral and Proceeds; (b) not to permit any security interest in
or lien on the Collateral or Proceeds, except in favor of Bank and
except liens in favor of Intermediary to the extent expressly permitted by Bank
in writing; (c) not to hypothecate or permit the transfer by operation
of law of any of the Collateral or Proceeds or any interest therein; (d) to
keep, in accordance with generally accepted accounting principles, complete and
accurate records regarding all Collateral and Proceeds, and to permit Bank
to inspect the same and make copies thereof at any reasonable time; (e) if
requested by Bank, to receive and use reasonable diligence to
collect Proceeds, in trust and as the property of Bank, and to immediately
endorse as appropriate and deliver such Proceeds to Bank daily in the exact
form in which they are received together with a collection report in
form satisfactory to Bank; (f) in the event Bank elects to receive payments
of Proceeds hereunder, to pay all expenses incurred by Bank in connection
therewith, including expenses of accounting, correspondence,
collection efforts, filing, recording, record keeping and expenses
incidental thereto; (g) to provide any service and do any other acts
which may be necessary to keep all Collateral and Proceeds free and clear of all
defenses, rights of offset and counterclaims; and (h) if the Collateral or
Proceeds consists of securities and so long as no Event of Default
exists, to vote said securities and to give consents, waivers and ratifications
with respect thereto, provided that no vote shall be cast or consent,
waiver or ratification given or action taken which would impair Bank's
interests in the Collateral and Proceeds or be inconsistent with or violate any
provisions of this Agreement.  Debtor further agrees that any party
now or at any time hereafter authorized by Debtor to advise or otherwise
act with respect to the Securities Account shall be subject to all terms and
conditions contained herein and in any control, custodial or other similar
agreement at any time in effect among Bank, Debtor and Intermediary
relating to the Collateral.

	POWERS OF BANK.  Debtor appoints Bank its true
attorney-in-fact to perform any of the following powers, which are coupled
with an interest, are irrevocable until termination of this Agreement and may be
exercised from time to time by Bank's officers and employees, or any of
them, whether or not Debtor is in default:  (a) to perform any
obligation of Debtor hereunder in Debtor's name or otherwise; (b) to notify any
person obligated on any security, instrument or other document subject to
this Agreement of Bank's rights hereunder; (c) to collect by legal
proceedings or otherwise all dividends, interest, principal or other sums now
or hereafter payable upon or on account of the Collateral or Proceeds; (d)
to enter into any extension, modification, reorganization, deposit, merger
or consolidation agreement, or any other agreement relating to or affecting the
Collateral or Proceeds, and in connection therewith to deposit or surrender
control of the Collateral and Proceeds, to accept other property in
exchange for the Collateral and Proceeds, and to do and perform such acts
and things as Bank may deem proper, with any money or property received in
exchange for the Collateral or Proceeds, at Bank's option, to be applied to
the Indebtedness or held by Bank under this Agreement; (e) to make any
compromise or settlement Bank deems desirable or proper in respect of the
Collateral and Proceeds; (f) to insure, process and preserve the Collateral
and Proceeds; (g) to exercise all rights, powers and remedies which Debtor
would have, but for this Agreement, with respect to all Collateral
and Proceeds subject hereto; and (h) to do all acts and things and execute
all documents in the name of Debtor or otherwise, deemed by Bank as
necessary, proper and convenient in connection with the
preservation, perfection or enforcement of its rights hereunder.  To effect
the purposes of this Agreement or otherwise upon instructions of Debtor, or any
of them, Bank may cause any collateral and/or Proceeds to be transferred to
Bank's name or the name of Bank's nominee.  If an Event of Default has occurred
and is continuing, any or all Collateral and/or Proceeds consisting of
securities may be registered, without notice, in the name of Bank or its
nominee, and thereafter Bank or its nominee may exercise, without notice, all
voting and corporate rights at any meeting of the shareholders of the
issuer thereof, any and all rights of conversion, exchange or subscription, or
any other rights, privileges or options pertaining to such Collateral and/or
Proceeds, all as if it were the absolute owner thereof.  The foregoing
shall include, without limitation, the right of Bank or its nominee to
exchange, at its discretion, any and all Collateral and/or Proceeds upon the
merger, consolidation, reorganization, recapitalization or other readjustment of
the issuer thereof, or upon the exercise by the issuer thereof or Bank
of any right, privilege or option pertaining to any shares of the Collateral
and/or Proceeds, and in connection therewith, the right to deposit and deliver
any and all of the Collateral and/or Proceeds with any committee,
depository, transfer agent, registrar or other designated agency upon such
terms and conditions as Bank may determine.  All of the foregoing
rights, privileges or options may be exercised without liability on the
part of Bank or its nominee except to account for property actually received
by Bank.  Bank shall have no duty to exercise any of the
foregoing, or any other rights, privileges or options with respect to the
Collateral or Proceeds and shall not be responsible for any failure to do so or
delay in so 

doing.

	PAYMENT OF PREMIUMS, TAXES, CHARGES, LIENS AND
ASSESSMENTS. Debtor agrees to pay, prior to delinquency, all insurance
premiums, taxes, charges, liens and assessments against the Collateral and
Proceeds, and upon the failure of Debtor to do so, Bank at its option may
pay any of them and shall be the sole judge of the legality or
validity thereof and the amount necessary to discharge the same.  Any such
payments made by Bank shall be obligations of Debtor to Bank, due and
payable immediately upon demand, together with interest at a rate determined in
accordance with the provisions of this Agreement, and shall be secured by
the Collateral and Proceeds, subject to all terms and conditions of this
Agreement.

	EVENTS OF DEFAULT.  The occurrence of any of the
following shall constitute an "Event of Default" under this Agreement, (a)
any default in the payment or performance of any obligation, or any defined
event of default, under (i) any contract or instrument evidencing any
Indebtedness, (ii) any other agreement between Debtor and Bank, including
without limitation any loan agreement, relating to or executed in connection
with any Indebtedness, or (iii) any control, custodial or other similar
agreement in effect among Bank, Debtor and intermediary relating to the
Collateral; (b) any representation or warranty made by Debtor herein shall prove
to be incorrect, false or misleading in any material respect when made; (c)
Debtor shall fail to observe or perform any obligation or agreement
contained herein; (d) any impairment of the rights of Bank in any Collateral or
Proceeds or any attachment or like levy on any property of Debtor; and (e)
Bank, in good faith, believes any or all of the Collateral and/or
Proceeds to be in danger of misuse, dissipation, commingling, loss, theft,
damage or destruction, or otherwise in jeopardy or unsatisfactory in
character or value.

	REMEDIES.  Upon the occurrence of any Event of
Default, Bank shall have the right to declare immediately due and payable
all or any Indebtedness secured hereby and to terminate any commitments to
make loans or otherwise extend credit to Debtor.  Bank shall have all other
rights, powers, privileges and remedies granted to a secured party upon
default under the California Uniform Commerical Code or otherwise provided by
law, including without limitation, the right (a) to contact all persons
obligated to Debtor on any Collateral or Proceeds and to instruct such
persons to deliver all Collateral and/or Proceeds directly to Bank,
and b) to sell, lease, license or otherwise dispose
of any or all Collateral.  All rights, powers, privileges and remedies of
Bank shall be cumulative.  No delay, failure or discontinuance of Bank in
exercising any right, power, privilege or remedy hereunder shall affect or
operate as a waiver of such right, power, privilege or
remedy; nor shall any single or partial exercise of any such right,
power, privilege or remedy preclude, waive or otherwise affect any other or
further exercise thereof or the exercise of any other right, power, privilege or
remedy.  Any waiver, permit, consent or approval of any kind by Bank
of any default hereunder, or any such waiver of any provisions or
conditions hereof, must be in writing and shall be effective only to the extent
set forth in writing.  It is agreed that public or private sales or
other dispositions, for cash or on credit, to a wholesaler or retailer
or investor, or user of property of the types subject to this Agreement, or
public auctions, are all commercially reasonable since
differences in the prices generally realized in the different kinds
of dispositions are ordinarily offset by the differences in the costs and
credit risks of such dispositions.

While an Event of Default exists:  (a) Debtor will not
dispose of any Collateral or Proceeds except on terms approved by Bank; (b)
Bank may appropriate the Collateral and apply all Proceeds toward repayment of
the Indebtedness in such order of application as Bank may from time to time
elect; (c) Bank may take any action with respect to the Collateral
contemplated by any control, custodial or other similar agreement then in effect
among Bank, Debtor and Intermediary; and (d) at Bank's request, Debtor will
assemble and deliver all books and records pertaining to the Collateral or
Proceeds to Bank at a reasonably convenient place designated by
Bank.  For any Collateral or Proceeds consisting of securities, Bank
shall have no obligation to delay a disposition of any portion thereof
for the period of time necessary to permit the issuer thereof to register such
securities for public sale under any applicable state or Federal law, even if
the issuer thereof would agree to do so.  Debtor further agrees
that Bank shall have no obligation to process or prepare any Collateral for sale
or  other disposition.

	DISPOSITION OF COLLATERAL AND PROCEEDS; TRANSFER OF
INDEBTEDNESS.  In disposing of Collateral hereunder, Bank may disclaim all
warranties of title, possession, quiet enjoyment and the like.  Any proceeds of
any disposition of any Collateral or Proceeds, or any part thereof, may be
applied by Bank to the payment of expenses incurred by Bank in connection with
the foregoing, including reasonable attorneys' fees, and the balance of
such proceeds may be applied by Bank toward the payment of the Indebtedness in
such order of application as Bank may from time to time elect.  Upon
the transfer of all or any part of the Indebtedness, Bank may transfer all
or any part of the Collateral or Proceeds and shall be fully discharged
thereafter from all liability and responsibility with respect to any of the
foregoing so transferred, and the transferee shall be vested with all
rights and powers of Bank hereunder with respect to any of the foregoing
so transferred; but with respect to any Collateral or Proceeds not so
transferred Bank shall retain all rights, powers, privileges and remedies
herein given.

	STATUTE OF LIMITATIONS.  Until all Indebtedness
shall have been paid in full and all commitments by Bank to extend credit to
Debtor have been terminated, the power of sale or other disposition and all
other rights, powers, privileges and remedies granted to Bank hereunder
shall continue to exist and may be exercised by Bank at any time and
from time to time irrespective of the fact that the Indebtedness or any part
thereof may have become barred by any statute of limitations, or that the
personal liability of Debtor may have ceased, unless such liability shall have
ceased due to the payment in full of all Indebtedness secured

hereunder.

	MISCELLANEOUS.  When there is more than one Debtor
named herein:  (a) the word "Debtor" shall mean all or any one or more of
them as the context requires; (b) the obligations of each Debtor hereunder are
joint and several; and (c) until all Indebtedness shall have been paid in
full, no Debtor shall have any right of subrogation or contribution, and each
Debtor hereby waives any benefit of or right to participate in any of the
Collateral or Proceeds or any other security now or hereafter held by Bank.
Debtor hereby waives any right to

require Bank to (i) proceed against Debtor or any other
person, (ii) proceed against or exhaust any security from Debtor or any
other person, (iii) perform any obligation of Debtor with respect to any
Collateral or Proceeds, and (d) make any presentment or demand, or
give any notice of nonpayment or nonperformance, protest, notice of protest
or notice of dishonor hereunder or in connection with any Collateral or
Proceeds.  Debtor further waives any right to direct the application of
payments or security for any Indebtedness of Debtor or Indebtedness of
customers of Debtor.

	NOTICES.  All notices, requests and demands
required under this Agreement must be in writing, addressed to Bank at the
address specified in any other loan documents entered into between Debtor and
Bank and to Debtor at the address of its chief executive office (or
principal residence, if applicable) specified below or to such other
address as any party may designate by written notice to each other party, and
shall be deemed to have been given or made as follows:  (a) if personally
delivered, upon delivery: (b) if sent by mail, upon the earlier of the date
of receipt or 3 days after deposit in the U. S. mail, first class and postage
prepaid; and (c) if sent by telecopy, upon receipt.

	COSTS, EXPENSES AND ATTORNEYS' FEES.  Debtor shall
pay to Bank immediately upon demand the full amount of all payments, advances,
charges, costs and expenses, including reasonable attorneys' fees (to
include outside counsel fees and all allocated costs of Bank's in-house
counsel), expended or incurred by Bank in exercising any right, power,
privilege or remedy conferred by this Agreement or in the enforcement thereof,
whether incurred at the trial or appellate level, in an arbitration proceeding
or otherwise, and including any of the foregoing incurred in connection
with any bankruptcy proceeding (including without limitation, any
adversary proceeding, contested matter or motion brought by Bank or any
other person) relating to Debtor or in any way affecting any of the
Collateral or Bank's ability to exercise any of its rights or remedies with
respect thereto.  All of the foregoing shall be paid by Debtor with
interest from the date of demand until paid
in full at a rate per annum equal to the greater of ten
percent (10%) or Bank's Prime Rate in affect from time to 

time.

	SUCCESSORS; ASSIGNS; AMENDMENT.  This Agreement
shall be binding upon and inure to the benefit of the heirs, executors,
administrators, legal representatives, successors and assigns of the parties,
and may be amended or modified only in writing signed by Bank and
Debtor.

	OBLIGATIONS OF MARRIED PERSONS.  Any married
person who signs this Agreement as Debtor hereby expressly agrees that
recourse may be had against his or her separate property for all his or her
Indebtedness to Bank secured by the Collateral and Proceeds under this
Agreement.

	SEVERABILITY OF PROVISIONS.  If any provision of
this Agreement shall be held to be prohibited by or invalid under applicable
law, such provision shall be ineffective only to the extent of such prohibition
or invalidity, without invalidating the remainder of such provision or any
remaining provisions of this Agreement.

	GOVERNING LAW.  This Agreement shall be governed
by and construed in accordance with the laws of the State of
California.

	ADDENDUM.  Additional terms and conditions
relating to the Securities Account are set forth in an Addendum attached hereto
and incorporated herein by this reference.

Debtor warrants that Debtor is an organization registered
under the laws of the State of Delaware.

Debtor warrants that its chief executive office (or principal
residence, if applicable) is located at the following
address:  5875 Arnold Road, Bldg. 100, Dublin, CA 94568

IN WITNESS WHEREOF, this Agreement has been duly executed
as of June 30, 2003.

E-LOAN, Inc.

By:   /s/  Matt Roberts

Title:   CFO

By:   /s/  Kendra Niedziejko

Title:  Corporate Controller

 

ADDENDUM TO SECURITY AGREEMENT:  SECURITIES ACCOUNT

THIS ADDENDUM is attached to and made a part of that certain Security
Agreement:  Securities Account executed by E-LOAN, INC. ("Debtor") in favor of
WELLS FARGO BANK, NATIONAL ASSOCIATION ("Bank"), dated as of June 30, 2003
(the "Agreement").

The following provisions are hereby incorporated into the Agreement:

	Securities Account Activity.  So long as no Event of Default exists,
Debtor, or any party authorized by Debtor to act with respect to the Securities
Account, may (a) receive payments of interest and/or cash dividends earned on
financial assets maintained in the Securities Account, (b) trade financial
assets maintained in the Securities Account, and (c) withdraw or receive
distributions of any Collateral held in the Securities Account.  With respect to
any obligation of Debtor under any other agreement with Bank to maintain amounts
on deposit with Bank or its affiliates, the Collateral Value at any time of the
Securities Account shall be determined in accordance with this addendum.
	"Collateral Value" means 100% of the market value of the Securities
Account, with market value in all instances determined by Bank in its sole
discretion, and excluding from such computation all WF Securities and Common
Trust Funds.  Notwithstanding the foregoing, Bank shall exclude from the
determination Collateral value, at Bank's sole discretion (a) any stock
with a market value of $10.00 or less, (b) all investment property from an
issuer if Bank determines such issuer to be ineligible.

	Exclusion from Collateral.  Notwithstanding anything herein to the
contrary, the terms "Collateral" and "Proceeds" do not include, and Bank
disclaims a security interest in, all WF Securities and Common Trust Funds now
or hereafter maintained in the Securities Account.
	"Common Trust Funds" means common trust funds as described in
12 CFR 9.18 and includes, without limitation, common trust funds
maintained by Bank for the exclusive use of its fiduciary clients.
	"WF Securities" means stock, securities or obligations of Wells Fargo
& Company or of any affiliate thereof (as the term affiliate is defined in
Section 23A of the Federal Reserve Act (12 USC 371(c), as amended
from time to time).

IN WITNESS WHEREOF, this Addendum has been executed as of the same date as
the Agreement.

E-LOAN, Inc.

 

 

By:   /s/ Matt Roberts

Title:   CFO

By:   /s/ Kendra Niedziejko

Title:   Corporate Controller

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

By:   /s/
Patty Juarez

Vice PresidentQ2 2003 Exhibit 10.17

                                           Exhibit 10.17

AMENDMENT NUMBER SIX 

to the

Master Loan and Security Agreement

Dated as of March 21, 2002

by and between

E-LOAN, INC.

and

GREENWICH CAPITAL FINANCIAL PRODUCTS, INC.

This AMENDMENT NUMBER SIX is made this 30th
day of June, 2003, by and between E-LOAN, INC., having an address at 5875 Arnold
Road, Dublin, California 94568 (the "Borrower") and GREENWICH
CAPITAL FINANCIAL PRODUCTS, INC., having an address at 600 Steamboat Road,
Greenwich, Connecticut 06830 (the "Lender"), to the Master Loan
and Security Agreement, dated as of March 21, 2002, by and between the Borrower
and the Lender, as amended (the "Agreement").  Capitalized
terms used but not otherwise defined herein shall have the meanings assigned to
such terms in the Agreement.

RECITALS

WHEREAS, the Borrower has requested that the
Lender agree to amend the Loan Agreement to increase the Maximum Credit
available thereunder by increasing the Maximum Uncommitted Amount and to
increase the amount of Wet Loans that may be subject to the facility, each as
more expressly set forth below.

WHEREAS, as of the date of this Amendment Number Six,
the Borrower represents to the Lender that it is in compliance with all of the
representations and warranties and all of the affirmative and negative covenants
set forth in the Loan Agreement and is not in default under the Loan
Agreement.

WHEREAS, the Borrower and the Lender have agreed to
amend the Agreement as set forth herein.

NOW THEREFORE, for good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, and for the mutual
covenants herein contained, the parties hereto hereby agree as follows:

SECTION 1.Effective as of June 30, 2003, Section 1 of
the Agreement is hereby amended by deleting sub-clause (1) from the definition
of Maximum Credit and replacing it with the following:  

	the Maximum Credit for Mortgage Loans which are Wet Loans
may not exceed, at any time, $60 million;

SECTION 2.Effective as of June 30, 2003, Section 1 of
the Agreement is hereby amended by deleting the definition of Maximum
Uncommitted Amount and replacing it with the following:  

"Maximum Uncommitted Amount" shall
mean $275 million.

SECTION 3.Fees and Expenses. The Borrower
agrees to pay to the Lender all fees and out of pocket expenses incurred by the
Lender in connection with this Amendment Number Six (including all reasonable
fees and out of pocket costs and expenses of the Lender's legal counsel incurred
in connection with this Amendment Number Six), in accordance with Section 11.03
of the Loan Agreement.

SECTION 4.  Effectiveness of Amendment.
This Amendment Number Six shall be effective upon Lender's receipt of a new
Note in the amount of $475,000,000 to replace the existing Note for
$400,000,000.   

SECTION 5.  Defined Terms.  Any terms capitalized
but not otherwise defined herein should have the respective meanings set forth
in the Agreement.

SECTION 6.  Limited Effect.  Except as amended
hereby, the Agreement shall continue in full force and effect in accordance with
its terms.  Reference to this Amendment Number Six need not be made in the
Agreement or any other instrument or document executed in connection therewith,
or in any certificate, letter or communication issued or made pursuant to, or
with respect to, the Agreement, any reference in any of such items to the
Agreement being sufficient to refer to the Agreement as amended hereby.

SECTION 7.  Representations.  In order to
induce the Lender to execute and deliver this Amendment Number Six, the Borrower
hereby represents to the Lender that as of the date hereof, the Borrower is in
full compliance with all of the terms and conditions of the Agreement and no
Default or Event of Default has occurred and is continuing under the
Agreement.

SECTION 8.  Governing Law. This Amendment
Number Six shall be construed in accordance with the laws of the State of New
York and the obligations, rights, and remedies of the parties hereunder shall be
determined in accordance with such laws without regard to conflict of laws
doctrine applied in such state (other than Section 5-1401 of the New York
General Obligations Law).

SECTION 9.  Counterparts.  This Amendment
Number Six may be executed by each of the parties hereto on any number of
separate counterparts, each of which shall be an original and all of which taken
together shall constitute one and the same instrument.

 

[REMAINDER OF THIS PAGE LEFT INTENTIONALLY BLANK]

 

IN WITNESS WHEREOF, the Borrower and the Lender have
caused this Amendment Number Six to be executed and delivered by their duly
authorized officers as of the day and year first above written.

E-LOAN, INC.
(Borrower)

 

By:    /s/ 

Name:   Matt Roberts

Title:   CFO

 

GREENWICH CAPITAL FINANCIAL PRODUCTS. INC. 

(Lender)

 

By:    /s/

Name:   Anthony Palmisano

Title:   Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00055-of-00352.parquet"}]]