Document:

Q2 2001 Exhibit 10.2

Exhibit 10.2

SECURITY AGREEMENT

This Security Agreement ("Agreement") is made and
entered into as of March 30, 2001, by and between E-Loan, Inc., a Delaware
corporation ("Company" or "Debtor"), and
Christian Larsen ("Secured Party").

RECITALS

A.Concurrently with the execution of this Agreement the Company has
executed and delivered to Secured Party its Promissory Note in the principal
amount of $3,000,000, a copy of which is attached hereto as Exhibit A
(the "Promissory Note.).

B.The Company and Secured Party desire to enter into this Agreement
pursuant to which the Company grants to the Secured Party, a security interest
in the Collateral (as that term is hereinafter defined).

TERMS AND CONDITIONS

NOW, THEREFORE, the parties hereto agree as follows:

	Definitions.

	Specific Terms.  As used in this Agreement, the following terms have
the following meanings:

"Account Debtor" means any Person who is or who may
become obligated under, with respect to, or on account of, any account,
Contract, general intangible, or negotiable collateral.

"Code" means the California Uniform Commercial Code, as
in effect from time to time.

"Collateral" means all of Debtor's right, title and
interest in and to each of the following:

	All Contracts, chattel paper, electronic chattel paper, lease agreements,
conditional and installment sales contracts, other instruments or documents
(which shall include any and all certificates of title and other such security
instruments), evidencing both a debt and security interest in motor
vehicles;
	All equipment, computer hardware and software, fixtures, securities,
customer lists and other goods wherever located, now owned or hereafter acquired
by Debtor, and any and all present and future tax refunds of any kind whatsoever
to which Debtor is now or shall hereafter become entitled;
	All of Debtors Books; and
	All proceeds and products, whether tangible or intangible, of any of the
foregoing, including proceeds of insurance covering any or all of the
Collateral, and any and all accounts, general intangibles, negotiable
collateral, money, deposit accounts, or other tangible or intangible property
resulting form the sale, exchange, collection or other disposition of any of the
foregoing, or any portion thereof or interest therein, and the proceeds
thereof.

PROVIDED, HOWEVER, that the Collateral set forth in items (c) and (d) shall not
in any event include property included in the "Collateral" described in the
Warehouse Credit Agreement dated as of June 24, 1998, as amended, among Cooper
River Funding Inc., GE Capital Mortgage Services, Inc. and Borrower, or the
property included in the "Collateral" described in the Master Loan and Security
Agreement dated as of May 20, 1999 between Greenwich Capital Mortgage Services,
Inc. and Borrower.

"Contracts" means chattel paper, conditional or
installment sales contracts, other instruments or documents arising from the
financing of the purchase of motor vehicles evidencing both a debt and security
interest in such motor vehicles.

"Debtor's Books" means all of the Debtor's books and
records including:  ledgers; records indicating, summarizing, or evidencing the
Debtor's properties or assets (including the Collateral) or liabilities; all
information relating to the Debtor's business operations or financial condition;
and all computer programs, disk or tape files, printouts, runs, or other
computer prepared information.

"Event of Default" means an Event of Default under the
Note and any breach by Debtor of any provision of this Agreement.

"Person" means an individual, partnership, corporation,
limited liability company, business trust, joint stock company, trust,
unincorporated association, joint venture, governmental authority or other
entity of whatever nature.

"Rights" means rights, remedies, powers, privileges and
benefits.

"Senior Indebtedness" means any sums due, owing or
payable under, as a result of, or with respect to any warehouse, revolving or
general lines of credit, regardless of the amount(s) or terms thereof, whether
such credit facilities are now existing or are hereafter obtained by Debtor, for
use primarily to fund, on a short-term or temporary basis, mortgage loans,
automobile purchase and lease contracts, and other conditional or installment
sale contracts or similar loan transactions, including, without limitation, the
credit facilities provided to Debtor by Greenwich Capital Financial Products,
Inc., GE Capital Mortgage Services, Inc., as security agent for Cooper River
Funding Inc. and Bank One, NA, and any and all extensions, renewals, amendments
and modifications thereto and replacements thereof and any similar facilities
thereto.

	Other Definitional Provisions.

	All capitalized terms not otherwise defined in this Agreement shall have the
same meanings as defined in the Purchase Agreement or the Promissory Note or the
Code.
	The words "hereof" and "hereunder" and words of similar
import when used in this Agreement shall refer to this Agreement as a whole and
not to any particular provision of this Agreement, and section, subsection,
schedule and exhibit references are to this Agreement unless otherwise
specified.

	Attachment of Security Interest.  Debtor
hereby grants and assigns to Secured Party a security interest (the " Security
Interest") in and to the Collateral to secure payment by Debtor of the
Promissory Note.  In addition, the Security Interest thereby created shall
attach immediately upon execution of this Agreement by Debtor and shall secure
(a) any and all amendments, extensions, renewals of the Promissory Note;
(b) strict performance and observance of all agreements, warranties and
covenants contained in the Promissory Note and this Agreement; and (c) the
repayment of all monies expended by the Secured Party under the provisions
hereof, with interest thereon from the date of expenditure at the highest lawful
rate.

	Subordination of Security Interest.  The Security Interest granted by
Debtor to the Secured Party pursuant to this Agreement shall be subject, junior
and subordinate to the Senior Indebtedness.  At the request of Debtor, Secured
Party agrees to promptly execute and delivery, at any time and from time to
time, as requested by the holders of the Senior Indebtedness, subordination
agreements, on forms requested by the holder(s) of the Senior Indebtedness, and
other evidence or agreements ratifying, confirming and/or consenting to the
subordination of the Secured Party's Security Interest to the lien(s) in favor
of the holder(s) of the Senior Indebtedness.

	Disposition of Collateral.  Secured Party shall apply the proceeds of
any sale or other disposition of the Collateral under this Section 4 in the
following order:  first, to the payment of all its expenses incurred in
retaking, holding, and preparing any of the Collateral for sale or other
disposition, in arranging for such sale or other disposition, and in actually
selling or disposing of the same (all of which are part of the obligations
secured by this Agreement); second, toward repayment of amounts expended by
Secured Party under Section 6; third, toward payment of the balance of the
obligations secured by this Agreement in such order and manner as Secured Party,
in its discretion, may deem advisable, or as a court of competent jurisdiction
may direct, fourth, to Debtor. If the proceeds are insufficient to pay the
obligations secured by this Agreement in full, Debtor shall remain liable for
any deficiency.  The Collateral may be sold, transferred or otherwise disposed
of by Debtor in the ordinary course of business for a fair consideration and
upon commercial credit terms.

	Affirmative Covenants of Debtor.  So long as any sums are due the
Secured Party under the Promissory Note or this Agreement, Debtor hereby
covenants and agrees as follows:

	Corporate Existence, Etc.  At all times to preserve and keep in full
force and effect its corporate existence and rights and franchises material to
its business.

	Insurance.  To maintain or cause to be maintained, with financially
sound and reputable insurers, insurance with respect to its properties and
business against loss or damage of the kinds customarily insured against by
corporations of established reputation engaged in the same or similar businesses
and similarly situated, of such types and in such amounts as are customarily
carried under similar circumstances by such other corporations.  Every policy of
insurance referred to in this Section shall contain an agreement by the insurer
that it will not cancel such policy except after 30 days prior written notice to
Secured Party.

	Inspection.  To permit any authorized representatives designated by
the Secured Party to visit and inspect any of the properties of the Debtor and
Debtor's Books, and to make copies and take extracts therefrom, and to discuss
Debtor's affairs, finances and accounts with its officers and independent public
accountants, all at such reasonable times during normal business hours and as
often as may be reasonably requested.

	Compliance with Laws, Etc.  To exercise due diligence in order to
comply with the requirements of all applicable laws, rules, regulations and
orders of any governmental authority, noncompliance with which would materially
and adversely affect the business, properties, assets, operations or condition
(financial or otherwise) of Debtor.

	Notice of Default under Senior Indebtedness.  Debtor shall promptly
deliver to Secured Party any written notice which it receives from any holder(s)
of the Senior Indebtedness of any claim of breach or default under the Senior
Indebtedness or of any event or occurrence which with notice or the passage of
time, or both, constitutes or may constitute a breach or default under the
Senior Indebtedness.

	Attachment of Collateral; Litigation.  Debtor shall immediately
notify Secured Party of any attachment or other legal process levied against the
Collateral and the commencement, or threatened commencement, of any legal action
against Debtor and/or the Collateral.

	Consents and Approvals.  At Debtor's expense and Secured Party's
request, before or after an Event of Default, Debtor shall file or cause to be
filed such applications and take such other actions as Secured Party may request
to obtain the consent or approval of any governmental authority to Secured
Party's Rights hereunder, including, without limitation, the right to sell all
the Collateral upon an Event of Default without additional consent or approval
from such governmental authority (and, because Debtor agrees that Secured
Party's remedies at law for failure of Debtor to comply with this provision
would be inadequate and that such failure would not be adequately compensable in
damages, Debtor agrees that its covenants in this provision may be specifically
enforced).

	Remedies in Favor of Secured Parties.  Upon the occurrence of an
Event of Default, Secured Party shall have the following rights and
remedies:

	Statutory Rights.  Secured Party shall have all rights and remedies
afforded a secured party by the chapter on "Default" of Division 9 of
the Code, in addition to the rights and remedies provided in this Agreement or
otherwise permitted by law.

	Notice to Account Debtors.  The Secured Party may, after the
occurrence and during the continuance of an Event of Default, (a) notify
Account Debtors that the Collateral has been assigned to the Secured Party and
that the Secured Party has a security interest therein, and (b) collect the
accounts, Contracts, general intangibles, and negotiable collateral directly
from the Account Debtors and charge the collection costs and expenses to the
Company.  Debtor agrees that it will hold in trust for the Secured Party, as the
Secured Party trustee, any collections that it receives and immediately will
deliver said collections to the Secured Party in their original form as received
by Debtor.

	Remedies Cumulative.  The rights and remedies of the Secured Party
under this Agreement shall be cumulative.  The Secured Party shall have all
other rights and remedies not inconsistent herewith as provided under the Code,
by law, or in equity.  No exercise by Secured Party of one right or remedy shall
be deemed an election, and no waiver by Secured Party of any Event of Default
shall be deemed a continuing waiver.  No delay by the Secured Party shall
constitute a waiver, election, or acquiescence by it.

	Financing Statement.  Debtor shall sign and execute alone or with the
Secured Party any financing statements, notices or other document or procure any
document reasonably requested by the Secured Party in order to create, perfect
or continue the security interest created by this Agreement.

	Waiver of Demand, Etc.  Debtor hereby expressly waives demand,
presentment, protest and notice of protest and notice of dishonor with respect
to any and all instruments and commercial paper, included in or evidencing any
of the obligations, and any and all other demands and notices of any kind or
nature whatsoever with respect to the obligations and this Agreement, except
such as are expressly provided for herein.  No notice to or demand on Debtor
which the Secured Party may elect to give shall entitle Debtor to any other or
further notice or demand in the same, similar or other circumstances.

	Indemnification.  Debtor hereby assumes all liability for the
Collateral, for the Security Interest, and for any use, possession, maintenance,
and management of, all or any of the Collateral, including, without limitation,
any taxes arising as a result of, or in connection with, the transactions
contemplated herein, and agrees to assume liability for, and to indemnify and
hold Secured Party harmless from and against, any and all claims, causes of
action, or liability, for injuries to or deaths of persons and damage to
property, howsoever arising from or incident to such use, possession,
maintenance, and management, whether such persons be agents or employees of
Debtor or of third parties, or such damage be to property of Debtor or of
others. Debtor agrees to indemnify, save, and hold Secured Party harmless from
and against, and covenants to defend Secured Party against, any and all losses,
damages, claims, costs, penalties, liabilities, and expenses, including, without
limitation, court costs and reasonable attorneys' fees, howsoever arising or
incurred because of, incident to, or with respect to Collateral or any use,
possession, maintenance, or management thereof (a "Claim").  In the event
that any Claim is brought against Secured Party, Secured Party agrees to give
prompt written notice to Debtor with respect to same, together with a copy of
such claim, and so long as no Event of Default shall have occurred and be
continuing, Debtor shall have the right in good faith and by appropriate
proceedings to defend Secured Party against such Claim and employ counsel
acceptable to Secured Party to conduct such defense (at Debtor's sole expense)
so long as such defense shall not involve any danger of the foreclosure, sale,
forfeiture or loss, or imposition of any Lien, other than a Permitted Lien, on
any part of the Collateral, or subject Secured Party to criminal liability.
Should Debtor elect to engage its own counsel acceptable to Secured Party,
Secured Party may continue to participate in the defense of any such claim and
will retain the right to settle any such matter on terms and conditions
satisfactory to Secured Party and Debtor. All such settlements shall be paid by
and remain the sole responsibility of Debtor. In the event Debtor does not
accept the defense of the Claim as provided above, Secured Party shall have the
right to defend against such Claim, in its sole discretion, and pursue its
rights hereunder.

	Notices.  All notices or other written communications required or
permitted to be given by Agreement shall be deemed given if personally delivered
or five (5) days after it has been sent (the date of posting shall be considered
as the first day and there shall be excluded any Sundays, legal holidays or
other days upon which the United States mail generally is not delivered) by
United States registered or certified mail, postage prepaid, property addressed
to the party to receive the notice at the following address or any other address
given to the other party in the manner provided by this Section 10:

	
If to Secured Party:
	
Christian Larsen

c/o E-Loan, Inc.
 5875 Arnold Road, Suite 100

Dublin, California 94568

San Francisco, California

	
If to the Debtor:
	
E-Loan, Inc.

5875 Arnold Road, Suite 100

Dublin, California  94568

Attention:  Joseph J. Kennedy

	
With a copy to:
	
Allen Matkins Leck Gamble & Mallory, LLP

333 Bush Street, Suite 1700

San Francisco, California 94104

Attention:  Roger S. Mertz, Esq.

	Severability.  If any provision of this Agreement is determined to be
invalid or unenforceable, the provision shall be deemed to be severable from the
remainder of this Agreement and shall not cause the invalidity or
unenforceability of the remainder of this Agreement.

	Attorneys' Fees and Litigation Costs.  If any legal action or other
proceeding is brought for the enforcement of this Agreement, or because of an
alleged dispute, breach, default or misrepresentation in connection with any
provision of this Agreement, the successful or prevailing party shall be
entitled to recover reasonable attorneys' fees and other costs incurred in that
action or proceeding, in addition to any other relief to which it may be
entitled.

	Governing Law.  This Agreement shall be governed by, interpreted
under, and construed and enforced in accordance with the internal laws, and not
the laws pertaining to conflicts or choice of laws, of the State of California
applicable to agreements made and to be performed wholly within the State of
California.  

	Captions.  The captions of the sections and subsections of this
Agreement are included for reference purposes only and are not intended to be a
part of the Agreement or in any way to define, limit or describe the scope or
intent of the particular provision to which they refer.

	Counterparts.  This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

	Entire Agreement; Amendment.  This Agreement contains the entire
understanding between the parties with respect to the subject matter hereof and
supersedes any and all prior and contemporaneous written or oral negotiations
and agreements between them regarding the subject matter hereof.  This Agreement
may be amended only in a writing signed by both of the parties.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
date first above mentioned.

	
"COMPANY" or "DEBTOR"

E-Loan, Inc., a Delaware corporation

By:  /s/ Joseph J. Kennedy

Joseph J. Kennedy, President and Chief Operating Officer

	
"SECURED PARTY"

 

/s/ Christian Larsen                    

CHRISTIAN LARSENQ2 2001 Exhibit 10.3

Exhibit 10.3

SECURITY AGREEMENT

This Security Agreement ("Agreement") is made and entered into as
of March 31, 2001, by and between E-Loan, Inc., a Delaware corporation
("Company" or "Debtor"), and The Charles Schwab Corporation, a
Delaware corporation ("Secured Party").

RECITALS

A.Concurrently with the execution of this Agreement the Company has
executed and delivered to Secured Party its Promissory Note in the principal
amount of $2,000,000, a copy of which is attached hereto as Exhibit A
(the "Promissory Note").

B.The Company and Secured Party desire to enter into this Agreement
pursuant to which the Company grants to the Secured Party a security interest in
the Collateral (as that term is hereinafter defined).

TERMS AND CONDITIONS

NOW, THEREFORE, the parties hereto agree as follows:

	Definitions.

	Specific Terms. As used in this Agreement, the following terms have
the following meanings:

"Account Debtor" means any Person who is or who may become
obligated under, with respect to, or on account of, any account, Contract,
general intangible, or negotiable collateral.

"Code" means the California Uniform Commercial Code, as in effect
from time to time.

"Collateral" means all of Debtor's right, title and interest in
and to each of the following:

	All Contracts, chattel paper, electronic chattel paper, lease agreements,
conditional and installment sales contracts, other instruments or documents
(which shall include any and all certificates of title and other such security
instruments), evidencing both a debt and security interest in motor
vehicles;
	All equipment, computer hardware and software, fixtures, securities,
customer lists and other goods wherever located, now owned or hereafter acquired
by Debtor, and any and all present and future tax refunds of any kind whatsoever
to which Debtor is now or shall hereafter become entitled;
	All of Debtors Books; and
	All proceeds and products, whether tangible or intangible, of any of the
foregoing, including proceeds of insurance covering any or all of the
Collateral, and any and all accounts, general intangibles, negotiable
collateral, money, deposit accounts, or other tangible or intangible property
resulting from the sale, exchange, collection or other disposition of any of the
foregoing, or any portion thereof or interest therein, and the proceeds
thereof.

PROVIDED, HOWEVER, that the Collateral set forth in items (c) and (d) shall
not in any event include property included in the "Collateral" described in the
Warehouse Credit Agreement dated as of June 24, 1998, as amended, among Cooper
River Funding Inc., GE Capital Mortgage Services, Inc. and Borrower, or the
property included in the "Collateral" described in the Master Loan and Security
Agreement dated as of May 20, 1999 between Greenwich Capital Mortgage Services,
Inc. and Borrower.

"Contracts" means chattel paper, conditional or installment sales
contracts, other instruments or documents arising from the financing of the
purchase of motor vehicles evidencing both a debt and security interest in such
motor vehicles.

"Debtor's Books" means all of the Debtor's books and records
including: ledgers; records indicating, summarizing, or evidencing the Debtor's
properties or assets (including the Collateral) or liabilities; all information
relating to the Debtor's business operations or financial condition; and all
computer programs, disk or tape files, printouts, runs, or other computer
prepared information.

"Event of Default" means an Event of Default under the Promissory
Note and any breach by Debtor of any provision of this Agreement.

"Person" means an individual, partnership, corporation, limited
liability company, business trust, joint stock company, trust, unincorporated
association, joint venture, governmental authority or other entity of whatever
nature.

"Rights" means rights, remedies, powers, privileges and
benefits.

"Senior Indebtedness" means any sums due, owing or payable under,
as a result of, or with respect to any warehouse, revolving or general lines of
credit, regardless of the amount(s) or terms thereof, whether such credit
facilities are now existing or are hereafter obtained by Debtor, for use
primarily to fund, on a short-term or temporary basis, mortgage loans,
automobile purchase and lease contracts, and other conditional or installment
sale contracts or similar loan transactions, including, without limitation, the
credit facilities provided to Debtor by Greenwich Capital Financial Products,
Inc., GE Capital Mortgage Services, Inc., as security for Cooper River Funding
Inc., and Bank One, NA, and any and all extensions, renewals, amendments and
modifications thereto and replacements thereof and any similar facilities
thereto.

	Other Definitional Provisions.

	All capitalized terms not otherwise defined in this Agreement shall have the
same meanings as defined in Promissory Note or the Code.
	The words "hereof" and "hereunder" and words of similar import when used in
this Agreement shall refer to this Agreement as a whole and not to any
particular provision of this Agreement, and section, subsection, schedule and
exhibit references are to this Agreement unless otherwise specified.

	Attachment of Security Interest. Debtor
hereby grants and assigns to Secured Party a security interest (the "Security
Interest") in and to the Collateral to secure payment by Debtor of the
Promissory Note. In addition, the Security Interest thereby created shall attach
immediately upon execution of this Agreement by Debtor and shall secure
(a) any and all amendments, extensions, renewals of the Promissory Note;
(b) strict performance and observance of all agreements, warranties and
covenants contained in the Promissory Note and this Agreement; and (c) the
repayment of all monies expended by Secured Party under the provisions hereof,
with interest thereon from the date of expenditure at the highest lawful
rate. 

	Subordination of Security Interest. The Security Interest granted by
Debtor to the Secured Party pursuant to this Agreement shall be subject, junior
and subordinate to the Senior Indebtedness. At the request of Debtor, Secured
Party agrees to promptly execute and delivery at any time and from time to time,
as requested by the holders of the Senior Indebtedness, subordination
agreements, on forms requested by the holder(s) of the Senior Indebtedness, and
other evidence or agreements ratifying, confirming and/or consenting to the
subordination of the Secured Party's Security Interest to the lien(s) in favor
of the holder(s) of the Senior Indebtedness.

	Disposition of Collateral. Secured Party shall apply the proceeds of
any sale or other disposition of the Collateral under this Section 6 in the
following order: first, to the payment of all its expenses incurred in retaking,
holding, and preparing any of the Collateral for sale or other disposition, in
arranging for such sale or other disposition, and in actually selling or
disposing of the same (all of which are part of the obligations secured by this
Agreement); second, toward repayment of amounts expended by Secured Party under
Section 6; third, toward payment of the balance of the obligations secured by
this Agreement in such order and manner as Secured Party, in its discretion, may
deem advisable, or as a court of competent jurisdiction may direct, fourth, to
Debtor. If the proceeds are insufficient to pay the obligations secured by this
Agreement in full, Debtor shall remain liable for any deficiency. The Collateral
may be sold, transferred or otherwise disposed of by Debtor in the ordinary
course of business for a fair consideration and upon commercial credit terms.

	Affirmative Covenants of Debtor. So long as any sums are due Secured
Party under the Promissory Note or this Agreement, Debtor hereby covenants and
agrees as follows:

	Corporate Existence, Etc. At all times to preserve and keep in full
force and effect its corporate existence and rights and franchises material to
its business.

	Insurance. To maintain or cause to be maintained, with financially
sound and reputable insurers, insurance with respect to its properties and
business against loss or damage of the kinds customarily insured against by
corporations of established reputation engaged in the same or similar businesses
and similarly situated, of such types and in such amounts as are customarily
carried under similar circumstances by such other corporations. Every policy of
insurance referred to in this Section shall contain an agreement by the insurer
that it will not cancel such policy except after 30 day's prior written notice
to Secured Party.

	Inspection. To permit any authorized representatives designated by
the Secured Party to visit and inspect any of the properties of the Debtor and
Debtor's Books, and to make copies and take extracts therefrom, and to discuss
Debtor's affairs, finances and accounts with its officers and independent public
accountants, all at such reasonable times during normal business hours and as
often as may be reasonably requested.

	Compliance with Laws, Etc. To exercise due diligence in order to
comply with the requirements of all applicable laws, rules, regulations and
orders of any governmental authority, noncompliance with which would materially
and adversely affect the business, properties, assets, operations or condition
(financial or otherwise) of Debtor.

	Notice of Default under Senior Indebtedness. Debtor shall promptly
deliver to Secured Party any written notice which it receives from any holder(s)
of the Senior Indebtedness of any claim of breach or default under the Senior
Indebtedness or of any event or occurrence which with notice or the passage of
time, or both, constitutes or may constitute a breach or default under the
Senior Indebtedness.

	Attachment of Collateral; Litigation. Debtor shall immediately notify
Secured Party of any attachment or other legal process levied against the
Collateral and the commencement, or threatened commencement, of any legal action
against Debtor and/or the Collateral.

	Consents and Approvals. At Debtor's expense and Secured Party's
request, before or after an Event of Default, Debtor shall file or cause to be
filed such applications and take such other actions as Secured Party may request
to obtain the consent or approval of any governmental authority to Secured
Party's Rights hereunder, including, without limitation, the right to sell all
the Collateral upon an Event of Default without additional consent or approval
from such governmental authority (and, because Debtor agrees that Secured
Party's remedies at law for failure of Debtor to comply with this provision
would be inadequate and that such failure would not be adequately compensable in
damages, Debtor agrees that its covenants in this provision may be specifically
enforced).

	Remedies in Favor of Secured Parties. Upon the occurrence of an Event
of Default, the Secured Party shall have the following rights and remedies:

	Statutory Rights. The Secured Party shall have all rights and
remedies afforded a secured party by the chapter on "Default" of Division 9 of
the Code, in addition to the rights and remedies provided in this Agreement or
otherwise permitted by law.

	Notice to Account Debtors. The Secured Party may, after the
occurrence and during the continuance of an Event of Default, (a) notify
Account Debtors that the Collateral has been assigned to the Secured Party and
that the Secured Party has a security interest therein, and (b) collect the
accounts, Contracts, general intangibles, and negotiable collateral directly
from the Account Debtors and charge the collection costs and expenses to the
Company. Debtor agrees that it will hold in trust for the Secured Party, as the
Secured Party trustee, any collections that it receives and immediately will
deliver said collections to the Secured Party in their original form as received
by Debtor.

	Remedies Cumulative. The rights and remedies of the Secured Party
under this Agreement shall be cumulative. The Secured Party shall have all other
rights and remedies not inconsistent herewith as provided under the Code, by
law, or in equity. No exercise by Secured Party of one right or remedy shall be
deemed an election, and no waiver by Secured Party of any Event of Default shall
be deemed a continuing waiver. No delay by the Secured Party shall constitute a
waiver, election, or acquiescence by it. 

	Financing Statement. Debtor shall sign and execute alone or with the
Secured Party any financing statements, notices or other document or procure any
document reasonably requested by the Secured Party in order to create, perfect
or continue the security interest created by this Agreement.

	Waiver of Demand, Etc. Debtor hereby expressly waives demand,
presentment, protest and notice of protest and notice of dishonor with respect
to any and all instruments and commercial paper, included in or evidencing any
of the obligations, and any and all other demands and notices of any kind or
nature whatsoever with respect to the obligations and this Agreement, except
such as are expressly provided for herein. No notice to or demand on Debtor
which the Secured Party may elect to give shall entitle Debtor to any other or
further notice or demand in the same, similar or other circumstances.

	Indemnification. Debtor hereby assumes all liability for the
Collateral, for the Security Interest, and for any use, possession, maintenance,
and management of, all or any of the Collateral, including, without limitation,
any taxes arising as a result of, or in connection with, the transactions
contemplated herein, and agrees to assume liability for, and to indemnify and
hold Secured Party harmless from and against, any and all claims, causes of
action, or liability, for injuries to or deaths of persons and damage to
property, howsoever arising from or incident to such use, possession,
maintenance, and management, whether such persons be agents or employees of
Debtor or of third parties, or such damage be to property of Debtor or of
others. Debtor agrees to indemnify, save, and hold Secured Party harmless from
and against, and covenants to defend Secured Party against, any and all losses,
damages, claims, costs, penalties, liabilities, and expenses, including, without
limitation, court costs and reasonable attorneys' fees, howsoever arising or
incurred because of, incident to, or with respect to Collateral or any use,
possession, maintenance, or management thereof (a "Claim"). In the event
that any Claim is brought against Secured Party, Secured Party agrees to give
prompt written notice to Debtor with respect to same, together with a copy of
such claim, and so long as no Event of Default shall have occurred and be
continuing, Debtor shall have the right in good faith and by appropriate
proceedings to defend Secured Party against such Claim and employ counsel
acceptable to Secured Party to conduct such defense (at Debtor's sole expense)
so long as such defense shall not involve any danger of the foreclosure, sale,
forfeiture or loss, or imposition of any Lien, other than a Permitted Lien, on
any part of the Collateral, or subject Secured Party to criminal liability.
Should Debtor elect to engage its own counsel acceptable to Secured Party,
Secured Party may continue to participate in the defense of any such claim and
will retain the right to settle any such matter on terms and conditions
satisfactory to Secured Party and Debtor. All such settlements shall be paid by
and remain the sole responsibility of Debtor. In the event Debtor does not
accept the defense of the Claim as provided above, Secured Party shall have the
right to defend against such Claim, in its sole discretion, and pursue its
rights hereunder.

	Notices. All notices or other written communications required or
permitted to be given by Agreement shall be deemed given if personally delivered
or five (5) days after it has been sent (the date of posting shall be considered
as the first day and there shall be excluded any Sundays, legal holidays or
other days upon which the United States mail generally is not delivered) by
United States registered or certified mail, postage prepaid, property addressed
to the party to receive the notice at the following address or any other address
given to the other party in the manner provided by this Section 10:

	
If to Secured Party:
	
The Charles Schwab Corporation

101 Montgomery Street

San Francisco, California 94104

Attention: Christopher V. Dodds

	
 
	
 

	
With a copy to:
	
Howard, Rice, Nemerovski, Canady, Falk & Rabkin, A Professional
Corporation

Three Embarcadero Center, Seventh Floor

San Francisco, California 94111

Attention: Lawrence B. Rabkin, Esq.

	
If to the Debtor:
	
E-Loan, Inc.

5875 Arnold Road, Suite 100

Dublin, California 94568

Attention: Joseph J. Kennedy

	
With a copy to:
	
Allen Matkins Leck Gamble & Mallory, LLP

333 Bush Street, Suite 1700

San Francisco, California 94104

Attention: Roger S. Mertz, Esq.

	Severability. If any provision of this Agreement is determined to be
invalid or unenforceable, the provision shall be deemed to be severable from the
remainder of this Agreement and shall not cause the invalidity or
unenforceability of the remainder of this Agreement.

	Attorneys' Fees and Litigation Costs. If any legal action or other
proceeding is brought for the enforcement of this Agreement, or because of an
alleged dispute, breach, default or misrepresentation in connection with any
provision of this Agreement, the successful or prevailing party shall be
entitled to recover reasonable attorneys' fees and other costs incurred in that
action or proceeding, in addition to any other relief to which it may be
entitled.

	Governing Law. This Agreement shall be governed by, interpreted
under, and construed and enforced in accordance with the internal laws, and not
the laws pertaining to conflicts or choice of laws, of the State of California
applicable to agreements made and to be performed wholly within the State of
California. 

	Captions. The captions of the sections and subsections of this
Agreement are included for reference purposes only and are not intended to be a
part of the Agreement or in any way to define, limit or describe the scope or
intent of the particular provision to which they refer.

	Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

	Entire Agreement; Amendment. This Agreement contains the entire
understanding between the parties with respect to the subject matter hereof and
supersedes any and all prior and contemporaneous written or oral negotiations
and agreements between them regarding the subject matter hereof. This Agreement
may be amended only in a writing signed by both of the parties.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
date first above mentioned.

	
"COMPANY" or "DEBTOR"

E-Loan, Inc., a Delaware corporation
By: /s/ Joseph J. Kennedy

Joseph J. Kennedy, President and Chief Operating Officer

By: /s/ Matt Roberts

Matthew Roberts, Secretary

	
"SECURED PARTY"

The Charles Schwab Corporation,

a Delaware corporation

By: /s/ Chris Dodds

Executive Vice President and Chief

Financial Officer

By: Chris Dodds

Title: EVP, CFO

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