Document:

Q2 2001 Exhibit 10.4

Exhibit 10.4

INTERCREDITOR AGREEMENT

This Intercreditor Agreement ("Agreement") is made effective as of
March 310, 2001, by and between The Charles Schwab Corporation, a Delaware
corporation ("Schwab"), and Christian Larsen ("Larsen). Schwab and Larsen
are sometimes referred to herein collectively as the "Lenders" and individually
as a "Lender". This Agreement is made with reference to the following
Recitals:

R E C I T A L S :

A.E-Loan, Inc., a Delaware corporation, ("Borrower"), is
engaged in the business of originating and selling chattel paper and mortgage
loans.

B.Effective March 31, 2001 Schwab loaned Borrower $2,000,000
pursuant to a promissory note (the "Schwab Note"). Borrowers obligations
pursuant to the Schwab Note are secured by certain of Borrower's assets
described in Exhibit A attached hereto (the "Collateral") pursuant to a Security
Agreement dated March 31, 2001 (the "Schwab Security Agreement"). 

C.Effective March 31, 2001 Larsen loaned Borrower $6 ,000,000
pursuant to a promissory note (the "Larsen Note"). Borrowers obligations
pursuant to the Larsen Note are secured by the Collateral pursuant to a Security
Agreement dated March 31, 2001 (the Larsen Security Agreement").

D.The Schwab Note and the Larsen Note are collectively referred to as the
"Notes" and the Schwab Security Agreement and the Larsen Security Agreement are
collectively referred to as the "Security Agreements."

E.In order to provide for the orderly administration of the Schwab
Security Agreement, the Larsen Security Agreement and the rights and interests
of the Lenders with respect to the Schwab Note, the Larsen Note and the
Collateral, the Lenders desire to enter into this Agreement.

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

A G R E E M E N T :

	Priority. Notwithstanding (i) the terms
of the Notes and/or any other agreement in effect between either Lender, on the
one hand, and Borrower, on the other hand, (ii) the date, manner or order of
perfection of any security interests and/or liens granted by Borrower in favor
of Lenders in connection with the Notes, (iii) the provisions of California law,
including without limitation, the California Commercial Code, or any other
applicable law, and (iv) whether any Lender holds possession of the Collateral
or any part thereof, the Lenders hereby acknowledge and agree that the Lenders
shall have equal priority of security interests and liens in the
Collateral.

	Bids at Foreclosure Sale

	Bids by Lenders. Each Lender shall have the right to bid for the
Collateral at any foreclosure sale of the Collateral. Any bid entered by any
Lender in an amount that is less than the amount necessary to repay the
aggregate of the indebtedness due under the Loans, plus interest and expenses
which are recoverable from the proceeds of such sale and all amounts payable on
any indebtedness with a security interest in the Collateral superior to the
Notes, shall be deemed to have been entered on behalf of both of the Lenders. If
such bid is successful, then the Lender that enters such bid shall cause the
foreclosure assignment or certificate of sale to be issued to all of the Lenders
as tenants-in- common holding undivided interests in the Property in proportion
to the outstanding balances due under their respective Loans. Any bid entered by
any Lender in an amount that exceeds the aggregate indebtedness due under the
Notes, plus interest and expenses which are recoverable from the proceeds of the
such sale and all amounts payable on any indebtedness with a security interest
in the Collateral superior to the Notes, shall be entered only on behalf of such
bidding Lender. If such bid is the successful bid, then the (i) Lender that
enters such bid shall acquire the Collateral as its own property, (ii) the other
Lender shall have no further interest in the Collateral, and (iii) the proceeds
of such sale shall be distributed to the Lenders in proportion to the
outstanding balances due under their respective Notes.

	Bids by Third Parties. If the successful
bid entered at any foreclosure sale of the Collateral is entered by a
thirdparty, then the proceeds of such sale shall be distributed to the Lenders
in proportion to the outstanding balances due under their respective
Loans.

	Acquisition of Collateral. If Lenders
acquire title to the Collateral (whether by foreclosure proceedings, assignment
in lieu of foreclosure or otherwise), Lenders (or their nominees) shall be
deemed to be tenants-in -common holding undivided interests in the Collateral in
proportion to the outstanding balances due under their respective Loans.

	Assignment of Beneficial Interest. At
such time as any Note is satisfied in full, the interest in the Collateral of
such Lender (the "Repaid Lender") of such satisfied Note shall automatically be
deemed assigned to the other Lender (the "Remaining Lender"). As a result of
such assignment, (i) the Repaid Lender shall have no further rights, duties or
obligations under this Agreement and the Remaining Lender shall be entitled to
make all any and all decisions required and/or permitted to be made by the
Lenders hereunder, (ii) the Repaid Lender shall no longer be deemed a Lender
hereunder, and (iii) the Repaid Lender shall no longer have any interest in the
Collateral. The Lenders hereby agree to execute such termination statements or
other documents as the Remaining Lender may reasonably require.

	Repayment of Loans; Amendments to Security
Agreements. Each Lender agrees that its Note will only be repaid to the
extent that the other Lender is offered repayment in proportion to the aggregate
amounts outstanding under the Notes. Borrower aggress that it will only make
repayments to the Lenders in proportion to the aggregate amounts outstanding
under the Loans. Schwab and Borrower agree that they will not make any
amendments to the Schwab Security Agreement unless agreed to by Larsen and
Larsen and Borrower agree that they will not make any amendments to the Larsen
Security Agreement unless agreed to by Schwab.

	Term. This Agreement shall be in full force and effect from
and after the effective date hereof until the earlier of (i) the first date upon
which all Lenders have been paid in full, or otherwise satisfied, under the
Notes and released and/or terminated their respective security interests in the
Collateral, or (ii) the date upon which Lenders unanimously agree, in writing,
to terminate this Agreement.

	Costs of Enforcement. Any and all costs
and/or expenses incurred by Lenders in connection with any action taken by
Lenders under this Agreement with respect to the Collateral including, without
limitation, any enforcement action against the Collateral, shall be borne by
Lenders in proportion to the outstanding balances due under their respective
Loans.

	Scope of Representation. 

	ALLEN MATKINS LECK GAMBLE & MALLORY LLP ("AMLGM") HAS ONLY
REPRESENTED THE INTERESTS OF BORROWER WITH RESPECT TO THE NOTES AND THE DRAFTING
OF THIS AGREEMENT, THE SECURITY AGREEMENTS AND THE NOTES AND NOT THE INTERESTS
OF THE LENDERS AND/OR ANY OTHER PARTY WITH RESPECT THERETO. WITHOUT LIMITING THE
GENERALITY OF THE FOREGOING, THE PARTIES ACKNOWLEDGE THAT AMLGM SHALL NOT BE
DEEMED TO HAVE REPRESENTED THE LENDERS AS A RESULT OF AMLGM'S REPRESENTATION OF
BORROWER IN CONNECTION WITH THE LOANS AND THE DRAFTING OF THIS AGREEMENT, THE
SECURITY AGREEMENTS, THE NOTES OR ANY OTHER MATTER. EACH LENDER HAS BEEN ADVISED
TO CONSULT WITH INDEPENDENT COUNSEL OF SUCH PARTY'S CHOICE PRIOR TO ENTERING
INTO THIS AGREEMENT.
	HOWARD, RICE, NEMEROVSKI, CANADY, FALK & RABKIN, A
PROFESSIONAL CORPORATION ("HRNCF&R") HAS ONLY REPRESENTED THE
INTERESTS OF SCHWAB WITH RESPECT TO THE NOTES AND THE DRAFTING OF THIS
AGREEMENT, THE SECURITY AGREEMENTS AND THE NOTES AND NOT THE INTERESTS OF THE
LENDERS AND/OR ANY OTHER PARTY WITH RESPECT THERETO. WITHOUT LIMITING THE
GENERALITY OF THE FOREGOING, THE PARTIES ACKNOWLEDGE THAT HRNCF&R SHALL NOT
BE DEEMED TO HAVE REPRESENTED LARSEN AS A RESULT OF HRNCF&R REPRESENTATION
OF BORROWER IN CONNECTION WITH THE LOANS AND THE DRAFTING OF THIS AGREEMENT, THE
SECURITY AGREEMENTS, THE NOTES OR ANY OTHER MATTER. EACH LENDER HAS BEEN ADVISED
TO CONSULT WITH INDEPENDENT COUNSEL OF SUCH PARTY'S CHOICE PRIOR TO ENTERING
INTO THIS AGREEMENT.

	Miscellaneous

	Further Acts. Each party hereto agrees to perform any further
acts, and to execute and deliver (with acknowledgment, verification, and/or
affidavit, if required) any further documents and instruments, as may be
reasonably necessary or desirable to implement and/or accomplish the provisions
of this Agreement and the transactions contemplated herein.

	Counterparts. This Agreement may be
executed in multiple counterparts, each of which shall be deemed an original
Agreement, but all of which, taken together, shall constitute one (1) and the
same Agreement, binding on the parties hereto. The signature of any party hereto
to any counterpart hereof shall be deemed a signature to, and may be appended
to, any other counterpart hereof.

	Entire Agreement. This Agreement
contains and constitutes the entire agreement among the parties hereto with
respect to the subject matter hereof, and this Agreement may not be modified,
amended, or otherwise changed in any manner, except by a written instrument
signed by all of the parties hereto.

	No Third-Party Beneficiaries. This
Agreement is solely for the benefit of the parties hereto, and no other person
or entity is entitled to rely upon or benefit from this Agreement or any term
hereof.

	Attorneys' Fees. Should any litigation
be commenced between or among the parties or their representatives concerning
any provision of this Agreement or the rights and duties of any person or entity
in relation thereto, the party prevailing in such litigation, whether by out-of-
court settlement or final judgment, shall be entitled, in addition to such other
relief as may be granted, to a reasonable sum as and for attorneys' fees
reasonably incurred in such litigation. Any judgment or order entered in any
final judgment shall contain a specific provision providing for the recovery of
all costs and expenses of suit, including, without limitation, actual attorneys'
fees, costs and expenses incurred in connection with (i) enforcing,
perfecting and executing such judgment; (ii) post-judgment motions;
(iii) contempt proceedings; (iv) garnishment, levy, and debtor and
third-party examinations; (v) discovery; and (vi) bankruptcy
litigation.

	Severability. Every provision of this
Agreement is intended to be severable. If any term or provision hereof is
declared by a court of competent jurisdiction to be illegal or invalid, such
illegal or invalid terms or provisions shall not affect the other terms and
provisions hereof, which terms and provisions shall remain binding and
enforceable.

	Rules of Construction. The Paragraph
headings used in this Agreement are for reference purposes only, and are not
intended to be used in construing this Agreement. As used in this Agreement, the
masculine gender shall include the feminine and neuter, and the singular number
shall include the plural, and vice versa. Time is of the essence of this
Agreement. The provisions of this Agreement shall be construed and enforced in
accordance with the laws of the State of California. Each party hereto
acknowledges, represents, and warrants that (i) each party hereto is of
equal bargaining strength; (ii) each such party has actively participated
in the drafting, preparation, and negotiation of this Agreement; and
(iii) each such party hereto and such party's independent counsel have
reviewed or had the opportunity to review this Agreement.

IN WITNESS WHEREOF, the parties have executed this Agreement effective as of
the date first set forth above.
THE CHARLES SCHWAB CORPORATION

 

By:/s/ Chris Dodd

Its EVP, CFO 

 

/s/ Christian Larsen

CHRISTIAN LARSEN

ACKNOWLEDGED AND AGREED:

The undersigned on behalf of E-Loan, Inc., a Delaware corporation, hereby
acknowledges receipt of a copy of the foregoing Intercreditor Agreement and
agrees to the terms thereof.

Executed as of March 31, 2001.

 
E-LOAN, INC.

 

 

/s/ Joseph J. Kennedy

By: Joseph J. Kenendy

Its: President

 

 

 

EXHIBIT A 

TO INTERCREDITOR AGREEMENT

 

As used herein, the term "Collateral" means:
(a)All of Borrower's interest in Contracts, chattel paper, lease
agreements, conditional or 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; 

(b)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;

(c)All of Debtors Books; and

(d)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.

As used herein , the term "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.

As used herein, "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.

PROVIDED, HOWEVER, that the Collateral listed 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.Q2 2001 Exhibit 10.5

Exhibit 10.5

Second Amendment to Auto Loan Purchase and Sale
Agreement

This SECOND AMENDMENT ("Amendment") to the Auto Loan Purchase and
Sale Agreement dated and effective May 1, 2000 by and between E-LOAN, Inc.
("E-LOAN") and Wells Fargo Bank, N.A. -Auto Finance Group ("Wells Fargo" or
"Correspondent"), as amended by the First Amendment to Auto Loan Purchase and
Sale Agreement dated January 23, 2001 (collectively, the "Agreement") is
entered into and effective on this 15th day of March, 2001

FOR GOOD AND VALUABLE CONSIDERATION, the receipt and sufficiency of which is
expressly acknowledged by the parties hereto, E-LOAN and Wells Fargo agree as
follows:

	Section 1.3 of the Agreement is hereby amended to read as follows:

1.3Acceptance. Correspondent shall, in its sole discretion, accept
or reject Offers, and shall inform E-LOAN of its decisions. In determining
whether to accept or reject an Offer, Corespondent shall apply the Purchase
Criteria to each Loan offered for sale. If Correspondent accepts an Offer,
Correspondent shall transmit to E-LOAN a Confirmation with respect to each
prospective Loan to be purchased. Correspondent will use its best effort to
inform E-LOAN of its decision within 2 hours from receipt of an Offer.
Confirmation shall include the information set forth on Exhibit C, and
shall include a clear description of the conditions that must be met in order
for Correspondent to purchase the Loan. Transmission of a Confirmation shall
constitute acceptance of E-LOAN's Offer, and Correspondent shall be obligated to
purchase the prospective Loan, provided that all conditions set forth in the
Confirmation are met and that the Loan is funded by E-LOAN prior to expiration
of the Confirmation. If E-LOAN does not fund a prospective Loan and fulfill all
conditions set forth in the Confirmation within sixty (60) days of E-LOAN's
receipt of the Confirmation ("Offer Expiration Date"), the Confirmation shall
expire, and Correspondent shall have no obligation to purchase a Loan.
Correspondent's purchase obligation is also subject to the provisions of
Exhibit E. E-LOAN agrees that it will not offer for sale to any person
other than Correspondent any Loan for which a Confirmation has been issued and
is outstanding. Upon expiration of a Confirmation, E-LOAN shall be free to sell
or offer to sell the subject Loan to any other person. In the absence of a
Confirmation issued by Correspondent with respect to a Loan, Correspondent is
not obligated to purchase any Loan offered for sale by E-LOAN.

	The following new Section 1.10 is hereby added to the Agreement:

1.10Dealer Agreement. A copy of E-LOAN's Dealer Agreement used in
connection with Loans is attached as Exhibit F.

	The following new Section 1.11 is hereby added to the agreement.

1.11Underwriting Services. From time to time, as an accommodation
to E-LOAN and upon a specific request from E-LOAN, Correspondent will provide
underwriting services to E-LOAN pertaining to specific prospective Loans.
Correspondent will use the same underwriting criteria that it uses for its own
consumer loan products. After Correspondent receives a request from E-LOAN to
provide underwriting for a prospective Loan, Correspondent will inform E-LOAN of
the underwriting decision on these specific prospective Loans using best efforts
within two (2) hours. Concurrently with the underwriting decision, Correspondent
will inform E-LOAN whether or not Correspondent is interested in purchasing the
prospective Loan. If Correspondent communicates to E-LOAN that it is willing to
purchase the prospective Loan, then that communication will operate as an
acceptance of an Offer as to that prospective Loan and all the appropriate
provisions of this Section 1. "Sale and Delivery of Loans" will apply to
that Offer and acceptance.

	Exhibit A is hereby deleted and replaced with the Exhibit A
attached to this Amendment.
	The first parenthetical sentence in Exhibit B stating "(see Well Fargo
Express Auto Loan Rate Sheet for model year, term and minimum loan amount
eligibility, a sample of which is attached as Exhibit G.)" is hereby
deleted and replaced with the following:

Interest Rates for Loans purchased under this Agreement will be calculated
based on the Core Pricing Model set forth in Exhibit E, and may be adjusted
within the parameters of the Core Pricing Model.

	Exhibit E is hereby deleted and replaced with the Exhibit E
attached to this Amendment.
	The attached Exhibit F is hereby added to the Agreement.
	Effective April 1, 2001, E-LOAN will use best efforts to generate a
minimum [*] and maximum of [*] in funded loans per calendar month.
	The Agreement is hereby modified and amended to incorporate the terms and
conditions set forth herein, which shall supercede and prevail over any
conflicting terms of the Agreement. Except for this changes set forth above, all
of the terms and conditions of the Agreement shall remain in full force and
effect.

	
WELLS FARGO BANK, N.A. - AUTO E-LOAN, INC. FINANCE GROUP
	
E-LOAN, INC.

	
By:/s/ Paul Tsang

Authorized Signature
	
By:/s/ Stephen M. Herz

Authorized Signature

	
Name:Paul Tsang

Title: Vice President
	
Name:Stephen M. Herz

Title: SVP Consumer Loans

	
 
	
By:/s/ Matt Roberts

Authorized Signature

	
 
	
Name:Matt Roberts

Title: CFO

 EXHIBIT A

Documents to be Submitted by E-Loan with Offers to Sell a
Loan

	
Product:

Loan amount:

Term:
	
Make:

Model:

Year:

Vehicle Mileage:

	
Primary Applicant Information:
	
Co-Applicant Information

	
Primary applicant name:

Primary applicant SSN:

Primary applicant score:

Birthdate:
	
Co-applicant name:

Co-applicant SSN:

Co-applicant score:

Birthdate:

	
Current residence:

Home phone number:

Time at current residence:

Rent/Mortgage payment:

Residence status (rent/own):
	
Current residence:

Home phone number:

Time at current residence:

Rent/Mortgage payment:

Residence status (rent/own):

	
If less than 2 years at current residence:

Previous residence:

Time at previous residence:
	
If less than 2 years at current residence:

Previous residence:

Time at previous residence:

	
Name of Employer:

Employer address:

Employer phone:

Occupation:

Time on job:
	
Name of Employer:

Employer address:

Employer phone:

Occupation:

Time on job:

	
If less than 2 years with current employer:

Name of previous employer:

Previous employer address:

Previous employer phone:

Previous occupation:

Time on previous job:
	
If less than 2 years with current employer:

Name of previous employer:

Previous employer address:

Previous employer phone:

Previous occupation:

Time on previous job:

	
Gross monthly income:

Other monthly income:

Source of other monthly income:
	
Gross monthly income:

Other monthly income:

Source of other monthly income:

EXHIBIT C

Information to be Included in Confirmation

The Confirmation will include the following:

Within 2 hours of Correspondent's receipt of an Offer from E-LOAN, during
Wells Fargo's business hours, Correspondent shall, in its sole discretion,
accept or reject such offer, and shall inform E -LOAN of its decision.

For Approvals:

	Date and Time of the credit decision 
	Application number 
	Decisioning Lender Contact Information 
	Applicant name (and Co-Applicant if applicable) 
	Approved Amount 
	Maximum Loan to Value % (for new and used) 
	APR Rate (for new and used) 
	Maximum Term (for new and used) 
	Stipulations, which may include but not be limited to specifically required
documents, such as tax lien information, proof of income, proof of employment,
proof of address, individual credit bureau trade line issues, etc.

For Declinations:

	Date and Time of credit decision 
	Application number 
	Decisioning Lender contact information 
	Applicant Name (and Co-Applicant if applicable) 
	Up to 4 ECOA reasons for not approving the application as
submitted

EXHIBIT E

Purchase Price and Fees

Purchase Price:

With respect to each Loan made, Correspondent shall pay E-LOAN, via ACH in
the account specified in Section 1.6, the Principal Balance of each Loan.
Correspondent will use its best effort to pay within 48 hours of receipt of the
Required Documents for such Loan.

Core Pricing Model:

[*]

Rules:

	Correspondent will maintain the Core Pricing Model. Either party may update
the model with the consent of the other party.
	The Parties will implement the mutually approved rates and fees within two
business days of approval.
	Each time the model is updated by either party the Cost of Funds will be
updated with the most recent week ending Two (2) Year Interest Rate Swap, as
reported in the Federal Reserve Statistical Release. This rate will be obtained
from the following URL: http://www.bog.frb.fed.us/releases/hl5/Current/.
However, if he URL becomes inoperative or unavailable the parties will agree
upon an alternate neutral statistical report. At a minimum, Cost of Funds will
be updated monthly. Pricing changes related to this monthly Cost of Funds update
will be provided to E-LOAN at least 5 business days prior to month end
	Correspondent will update all variables or parameters within the model,
including Net Loss Rates, Fee Costs, New vs. Used Distribution, and Portfolio
Mix as new data warrants such an update. This data will either be based on
Correspondent's aggregate portfolio or E-LOAN's specific portfolio.
Correspondent and E-LOAN will apply best efforts to optimize business
origination criteria and operations to meet mutual goals and maintain the
parameters within the model.
	Pricing updates are based upon the date the credit application is initially
approved.
	E-Loan will use its best efforts to transmit no more than [*] prospective
Loans to Correspondent per day for credit decisioning.
	The Core Pricing Model determines the Buy Rates for prospective Loans with
original loan terms of between 37 and 60 months. A discount of [*] basis points
will be offered on the [*] and Up score range when the approved term is 36
months or less. A discount of [*] basis points will be granted on all score
ranges, excluding the [*] and Up range when the approved loan term is 36 months
or less. Both discounts are available on Loans secured by a New or Used
automobile. The discounts will be re-evaluated in the event the total of monthly
loans with approved terms 36 months or less exceed [*] percent of total monthly
loans. An additional charge of [*] basis points will be included for Loans with
approved terms greater than 60 months, secured by either a New or Used
automobile.
	The figures set forth in the foregoing Core Pricing Model are for
illustrative purposes, and are subject to change as provided above.

Assumptions:

The beginning assumptions for the New vs. Used Distribution parameter is[*],
respectively. The beginning assumptions for Portfolio Mix parameters are: [*]
plus [*]. Changes to these parameters will be made based on originations
received from E-LOAN for the full calendar month prior to an update. Changes to
these parameters may impact the model's Servicing Expense Allocation and or Loss
rate, depicted in the model in the column titled "Servicing" and "Loss": in the
Output section of the model. The initial total servicing expense allocation
based on the initial value of the parameters is [*], and the initial total
expected Loss rate is [*]. The absolute floor (minimum) for the total Servicing
Expense Allocation is [*]. 

Fee Structure:

When E-LOAN updates the model they may elect either a flat or tier based
Origination Fee structure, defined as Fee Option. Within each Fee Option, E-LOAN
may charge a per unit fee from [*]. In the event E-LOAN chooses the Flat Fee
Option, the model will calculate the corresponding cost based on the fee E-LOAN
charges. The cost associated with the Flat Fee Option will be included in the
Target Buy Rate for all tiers. If E-LOAN selects the Tier Fee Option, the model
will calculate the corresponding Origination Fee cost contingent upon the
Origination Fee amount selected for a respective score distribution. The Target
Buy Rates will be updated accordingly. The Target Buy Rates are tied to the
Origination Fee Seller selects, e.g., the lower the Origination Fee, the lower
the Target Buy Rate, or the higher the Origination Fee, the higher the Target
Buy Rate. E-LOAN may, in its discretion, reduce or increase its Origination Fee
in order to increase or decrease Buy Rates for Loans; provided, however, that
any such adjustments must be within the parameters of the Core Pricing
Model.

Origination Fees:

As additional compensation for E-LOAN's performance of Services hereunder,
Wells Fargo will pay E-LOAN a fee ("Origination Fee") for each Loan purchased
under this Agreement calculated in accordance with the attached Core Pricing
Model. On or before the tenth (10`") day of each month, Wells Fargo shall pay E-
LOAN the aggregate Origination Fees for all Loans funded in the prior calendar
month pursuant to this Agreement. Notwithstanding the foregoing, E-LOAN shall
refund the Origination Fee to Wells Fargo for each Loan that is prepaid within
135 days from the date such Loan is funded.

Origination Fees will be discounted based on the aggregate dollar volume of
funded loans within each calendar month according to the following schedule. The
discount is applied to the Fee Cost and the Core Pricing Model calculates the
new Origination Fee based on the discounted fee cost.
a)[*] - [*] discount up to and including [*].

b)[*] - [*] basis points discount on only that amount greater than [*]
and less than [*].

c)[*] - [*] basis points discount on only that amount greater than [*]
and less than [*].

EXHIBIT F

Dealer Agreement

By signing, endorsing or negotiating the Draft, the
Dealer listed on the Draft agrees to comply with the terms of this Dealer
Agreement. The Draft will not be honored and paid unless Dealer does all of the
following:

1.Confirm that the following information has been properly completed
on the Draft:

	Correct name of the dealership is filled out on the "Seller' line; 
	Correct dealership phone number and the state where the dealership is
located;   Vehicle Year, Make, Model, VIN, and New/Demo or Used box checked;

	Amount of the Draft (This will be the loan amount.) NOTE: The amount of
the Draft must be within the minimum and maximum loan amounts, and must not
exceed the percentages of the vehicle's estimated value, set forth on the front
of the Draft. 
	For Florida dealers, the Florida Documentary Stamp Tax must be included
on the Draft and will be deducted from the loan proceeds. 
	Borrower signature - and Co-Borrower signature (if applicable).

2.Confirm Vehicle Eligibility. The Draft may not be used with
vehicles that will be used primarily for business or commercial
purposes.

The Draft may only be used with:

	New/Demo Vehicles, model year 2002-2001, maximum mileage 6,000; or 
	Used Vehicles, model year 2001-1996, maximum mileage 80,000.

3.Call E-LOAN toll free at 1-877-305-2404 for authorization code.

4.Read and sign the back of the Draft.

5.Fax copies of the following to 1-888-322-9850:

	Bill of Sale, Purchase Order or Buyer's Order. For Florida dealers, the
Florida Documentary Stamp Tax must be included in the Bill of Sale or Buyer's
Order. 
	Factory Invoice for new vehicle, book-out for used vehicle 
	Certificate copies of credit life insurance, disability insurance, MBI,
service contract and warranty, if applicable 
	Signed Odometer Disclosure Statement for used vehicles 
	Copy of Borrower(s) Driver's License Proof of Borrower(s) Insurance 
	Application for Certificate of Title showing first and only lien holder as:
Wells Fargo Bank, P.O. Box 254948, Sacramento, CA 95865-4948

	Copy of front and back of dated and signed Draft 
	Additional conditions of approval:

THE DRAFT WILL NOT BE APPROVED FOR PAYMENT UNLESS ALL OF
THE ABOVE REQUIREMENTS ARE MET.

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