Document:

SECURITIES

 

 

 

SECURITIES PURCHASE AGREEMENT

dated as of

April 25, 2000

between

E-LOAN, INC.

and

CERTAIN PURCHASERS

 

 

SECURITIES PURCHASE AGREEMENT

THIS SECURITIES PURCHASE AGREEMENT, dated as of April 25,
2000, by and among E-LOAN, INC., a Delaware corporation (the "Company"), and the
parties referred to as "Purchasers" on the signature page(s) o

R E C I TA L S:

WHEREAS, the Company has
authorized the issuance and sale of certain shares of its common stock in
exchange for certain consideration; and

WHEREAS, the Purchasers desire to purchase and the Company
desires to sell common stock on the terms and conditions set forth herein;

NOW, THEREFORE, in consideration of the mutual covenants and
agreements, the Company and the Purchasers hereby agree as follows:

	

Purchase and Sale of the
Shares

	 Purchase
and Sale of the Shares.  Subject to the terms and conditions set forth in
this Agreement and in reliance upon the Company's and the Purchasers' respective
representations set forth herein, on the Closing Date the Company shall sell to
the Purchasers, and the Purchasers, severally but not jointly, shall purchase
from the Company that number of shares (the "Shares"), of the Company's $0.001
par value common stock ("Common Stock"), as is set forth opposite such
Purchaser's name on Schedule 1.01 attached to this Agreement (except that
Technology Partners Fund VI, L.P. ("TPF") is only required to acquire
1,066,666 Shares if appropriate internal approval is not obtained by it to
acquire additional Shares) at a price per Share of $3.75 (the "Purchase Price").
The sale and purchase shall be effected on the Closing Date by the Company
delivering to each Purchaser a duly executed stock certificate in the name of
each Purchaser evidencing the Shares to be purchased against delivery by
Purchaser to the Company of cash by wire transfer of immediately available funds
in the amount of the aggregate Purchase Price for such Purchaser as set forth
opposite its name as set forth on Schedule 1.01, to such account as may be
specified by the Company.  Each Purchaser shall be obligated hereunder only with
respect to the number of Shares for which it has subscribed (as set forth in
Schedule 1.01 as provided above).  To the extent of any
stock splits, stock dividends, combinations and other recapitalizations of the
Company's capital shares, the Purchase Price and the number of Shares set forth
on Schedule 1.01 shall be appropriately adjusted.

	 The
Closing.  The closing of the sale and purchase of the Shares hereunder (the
"Closing") shall take place at the offices of the Company or such other location
as the Purchasers acquiring a majority of the Shares hereunder ("Majority
Purchasers") and the Company shall agree, on June 30, 2000 or such other
date as the Majority Purchasers and the Company shall agree (the "Closing
Date").
	 Shares Purchaser.  Each Purchaser may, by notice in writing to the
Company, assign its rights to purchase all or a portion of the Shares that it
has subscribed to purchase hereunder to one or more Affiliates of such
Purchaser, provided that the representations and warranties set forth in Article
III are true with regard to each such assignee and each such assignee shall
agree to be bound by the terms of this Agreement.
Notwithstanding any other provision of this Agreement, FT Ventures may assign
its interests to acquire up to 666,666 shares of Common Stock (as appropriately
adjusted for stock splits, stock dividends, combinations, and other
recapitalizations of the Company's share capital) issuable pursuant to this
Agreement to another venture capital fund, provided that the representations and
warranties set forth in Article III are true with regard to each such assignee,
the Company has approved such assignment, which approval may not be unreasonably
withheld, and each such assignee shall agree to be bound by the terms of this
Agreement.  Notwithstanding any other provision of this Agreement, each of FT
Ventures, TPF and Benchmark may assign its interests to acquire any of the
shares of Common Stock issuable pursuant to this Agreement to any of its general
or limited partners, provided that the representations and warranties set forth
in Article III are true with regard to each such assignee and each such assignee
shall agree to be bound by the terms of this Agreement.

	

Representations and Warranties of the
Company

The Company represents and warrants to the Purchasers
that except as set forth on Schedule II hereto (which schedule shall note the
section of this Article II to which such exception refers and any such exception
shall apply only to the section so referenced): 

	 Organization; Good Standing.  The Company is a
corporation duly incorporated, validly existing and in good standing under the
laws of the State of Delaware and has all requisite corporate power and
authority to own and operate its properties and assets and to carry on its
business as it is presently being conducted and as proposed to be
conducted.

	 Capital
Stock.  The authorized capital stock of the Company consists of:  (i)
70,000,000 shares of Common Stock, par value $0.001 per share, of which, on
April 24, 2000, 42,037,828 shares were duly and validly issued, fully paid,
nonassessable and outstanding, 13,600,000 are reserved for issuance upon the
exercise of stock options granted or to be granted under the Company's stock
option plan and Employee Stock Purchase Plan, and 75,000 are reserved for
issuance upon the exercise of outstanding warrants or other options issued by
the Company, and (ii) 5,000,000 shares of Preferred Stock, par value $0.001 per
share, of which no shares are outstanding.  Except as set forth above, (i) there
are no shares of capital stock or other equity securities of the Company
outstanding and (ii) there are no outstanding warrants, options, agreements,
convertible or exchangeable securities or other commitments  pursuant to which
the Company is or may become obligated to issue, sell, purchase, return or
redeem any shares of capital stock or other securities of the Company, and there
are not any equity securities of the Company reserved for issuance for any
purpose. All issued and outstanding shares of the Company's
capital stock  have been duly authorized and validly issued, are fully paid
and nonassessable, and were issued in compliance with all applicable state and
federal laws concerning the issuance of securities.

	 Authority; Execution and Delivery; Enforceability.
This Agreement and that certain Registration Rights Agreement to be entered into
by and among the Company and the Purchasers on the Closing Date in substantially
the form of Exhibit A attached hereto (the "Rights Agreement")
(together, the "Transaction Documents") have been, or at the Closing,
in the case of the Rights Agreement, will have been, duly executed and delivered
by the Company and each constitutes or, in the case of the Rights Agreement,
will constitute at the Closing the valid and binding obligation of the Company,
enforceable against the Company in accordance with its terms.  The Board of
Directors of the Company has duly authorized the execution, delivery, and
performance of the Transaction Documents.  No other corporate action is
necessary to authorize the execution or delivery of the Shares, or the
performance by the Company of its obligations hereunder and
thereunder.

	 Common
Stock.    The Shares have been duly authorized and, upon issuance in
accordance with this Agreement, will be validly issued, fully paid and
nonassessable shares of Common Stock of the Company issued free and clear of any
Lien, and no  Person has or will have any preemptive rights to subscribe for
such Shares.

	Assuming that the representations and warranties of the
Purchasers set forth in Article III are true and correct and that any
certificates evidencing the Shares shall contain a legend substantially similar
to that set forth in Section 3.03, the issuance of the Shares is exempt from the
registration and prospectus delivery requirements of the Act as currently in
effect, and have been or will be registered or qualified (or exempt from
registration and qualification) under the registration, permit or qualification
requirements of all applicable state securities laws as currently in
effect.

	 No
Consent.  Neither the nature of the business which the Company currently
conducts or proposes to conduct, nor any relationship between the Company and
any other Person, nor any circumstance in connection with the creation,
authorization, issuance, offer or sale of the Shares, nor the execution,
delivery and performance of any of the Transaction Documents, is such as to
require a consent, approval or authorization of, or filing, registration or
qualification with, any Governmental Authority on the part of the Company or the
vote, consent or approval in any manner of any lender to the Company or the
holders of any security of the Company as a condition to the execution, delivery
and performance of the Transaction Documents.  In addition to the foregoing,
there are no consents or waivers, other than those which have been obtained,
which the Company must obtain so as to be able to fulfill its obligations and to
provide each of the Purchasers with all its rights under the Transaction
Documents.

	 Authorization To Do Business.  The Company has filed
all documents necessary to qualify it to do business as a foreign corporation,
and the Company is in good standing under the laws of each jurisdiction in which
the conduct of the Company's business or the nature of the property owned by the
Company requires such qualification.

	 Control.  The Company does not own or control, and
is not owned or controlled by, directly or indirectly, any corporation,
partnership, business trust, association or other business entity other than E-
Loan International, Inc., a British Virgin Islands
corporation, which is a wholly owned subsidiary of the
Company, and E-Loan Japan K.K., nor does the Company hold or own, directly or
indirectly, any equity investment or interest in any other Person.

	 Property.  The Company owns or leases all of the
property and assets necessary for its business as currently conducted and as
proposed to be conducted and no such leases may be terminated without the
Company's consent where termination of any of such leases, individually or in
the aggregate, could reasonably be expected to result in a Material Adverse
Effect. The Company owns its property and assets free and clear of all Liens,
except those that arise in the ordinary course of business and do not materially
impair the Company's ownership or use of such property or assets.  With respect
to the property and assets which the Company leases, the Company is in
compliance with such leases and holds a valid and marketable leasehold interest
free of any Liens or claims which, individually or in the aggregate, could
reasonably be expected to result in a Material Adverse Effect.  All such leases
are enforceable in accordance with their terms and the Company has not received
any notice of any default thereunder.

	 Intellectual Property.  The Company owns or
possesses sufficient legal rights to all trademarks, service marks, trade names,
business names, brand names, logos, domain names, patents, copyrights, copyright
registrations, designs, design registrations, trade secrets, licenses, and
information and proprietary rights and processes (collectively,
"Intellectual Property") for its business as now conducted and as
proposed to be conducted.  The conduct of the business of the
Company as presently conducted and as proposed to be conducted does not violate,
conflict with, misappropriate or infringe the Intellectual Propety of any other
Person.  No claims are pending or, to the knowledge of the Company, threatened,
against the Company by any Person with respect to the ownership, validity,
enforceability, effectiveness or use in the business of the Company of any
Intellectual Property. The Company is not aware of any Person which is
infringing, misappropriating or violating any of its Intellectual
Property.

	 Litigation.  There are no actions, suits,
proceedings or investigations pending or, to the best of the Company's knowledge
and belief, any basis therefor or threat thereof, against or affecting the
Company which question the validity of any Transaction Document or the right of
the Company to enter into or execute any of such agreements or documents, or to
consummate the transactions contemplated thereby, or, which could reasonably be
expected to result, either individually or in the aggregate, in a Material
Adverse Effect.  The foregoing includes, without limitation, actions pending or
threatened (or any substantive basis therefor known to the Company) involving
the prior employment of any of the Company's employees, use in connection with
the Company's business of any information or techniques allegedly proprietary to
any former employers of the Company's employees, or obligations of the Company's
employees under any agreements with their prior employers.  The Company is not a
party or subject to the provisions of any order, writ, injunction, judgment or
decree of any court or Governmental Authority.  There is no action, suit,
proceeding or investigation by the Company currently pending or which the
Company intends to initiate.

	 Regulatory; No Violation; No Conflicts.    The
Company has in all material respects duly complied with, and is presently in due
compliance with, and is not in default in any material respect under any
applicable law, ordinance, code, rule, statute, regulation, judgment, decree,
writ, ruling, injunction, order or any other requirement of any Governmental
Authority relating in any way or applicable in any manner to the Company, its
properties or business (collectively, "Legal Requirements"), including, without
limitation, all Legal Requirements relating to, in the United States, the
Federal Trade Commission Act, and all regulations issued thereunder, and there
is no pending claim by the Federal Trade Commission or any other Governmental
Authority, whether national, state or local, in the United States or elsewhere,
that the Company is not in such compliance or is in such breach.  The Company
holds, and is in compliance with, all franchises, licenses, permits, waivers,
registrations, certificates, consents, approvals or authorizations required by
any applicable Legal Requirement (collectively, "Permits") and has not received
any notice asserting any noncompliance with, or breach or violation of, any
Legal Requirement or Permit.  The Company possesses all Permits required for the
conduct of its business as now being operated, and has no reason to believe that
it will be unable to obtain any Permits which are required for the future
conduct of such business.

	The Company is not in violation or default of any
provisions of its Certificate of Incorporation or By-Laws.

	The execution, delivery and performance of the
Transaction Documents will not result in any violation of, be in conflict with,
give rise to a right of termination, cancellation or acceleration of any
obligation or to loss of a material benefit under, or constitute a default
under, with or without the passage of time or the giving of notice:  (i) any
Legal Requirement or Permit; (ii) any Contract, obligation or commitment to
which the Company is a party or by which it is bound; or (iii) the terms and
conditions of the Certificate of Incorporation or By-Laws.

	The execution, delivery and performance of the
Transaction Documents will not result in the creation or imposition of any Lien
on any asset of the Company.

	 Material
Contracts.  The Company has filed all material agreements as exhibits to
filings with the Securities and Exchange Commission ("SEC") under the Securities
Act of 1933, as amended (the "Act"), and the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), that are required to be filed as exhibits under
the rules and regulations of the SEC.  All such agreements filed as exhibits,
together with any other agreements which would be required to be filed pursuant
to any future filing of a Quarterly Report on Form 10-Q by the Company, are
referred to as "Contracts".  Each of the Contracts is valid, binding and in full
force and effect and is enforceable by the Company in accordance with its terms.
The Company has performed all material obligations required to be performed by
it to date under each of the Contracts and is not (with or without the lapse of
time or the giving of notice or both) in breach or default in any material
respect thereunder and, to the knowledge of the Company, no other party to any
of the Contracts is (with or without the lapse of time or the giving of notice
or both) in breach or default in any material respect
thereunder.  The Company has avoided every condition, and
has not performed any act, the occurrence of which would result in the Company's
loss of any right granted under any Contract.

	 Financial Information.  The most recent audited
financial statements of the Company included within reports filed by the Company
with the SEC prior to the date hereof (the "Financial Statements") are complete
and correct in all material respects and have been prepared in accordance with
GAAP applied on a consistent basis with each other and with the financial
statements of all previous fiscal periods (subject only, in the case of
unaudited statements, to normal, recurring audit adjustments).  The Company
maintains and will continue to maintain a standard system of accounting
established in accordance with GAAP.  As of the date of the Financial
Statements, the Company had incurred no Indebtedness other than that disclosed
on the Financial Statements.  Since the date of those Financial Statements, the
Company has not:

	incurred any Indebtedness, except current liabilities
incurred in the ordinary course of business, none of which (individually or in
the aggregate) could reasonably be expected to result in a Material Adverse
Effect;

	discharged or satisfied any Liens other than those
securing, or paid any obligation or liability other than, current liabilities
shown on the Financial Statements and current liabilities incurred since the
most recent date thereof, in each case in the usual and ordinary course of
business;

	mortgaged, pledged or subjected to Lien any of its
assets, tangible or intangible other than in the usual and ordinary course of
the Company's business;

	sold, transferred or leased any of its assets except in
the usual and ordinary course of business;

	canceled or compromised any debt or claim, or waived or
released any right of material value;

	suffered any physical damage, destruction or loss
(whether or not covered by insurance) to Company assets which either alone or in
the aggregate could reasonably be expected to result in a Material Adverse
Effect;

	entered into any transaction other than in the usual and
ordinary course of business except for the transactions contemplated by the
Transaction Documents and the Marketing Agreement;

	declared or paid any dividends or other distributions
with respect to its outstanding shares of Common Stock; 

	breached any covenant of any Contract or suffered a
breach in any Contract by any other party to such Contract; or

	suffered or experienced any other change that,
individually or in the aggregate, could reasonably be expected to result in a
Material Adverse Effect.

	 No
Voting Agreement.  There are no outstanding stockholder agreements, voting
trusts, proxies or other arrangements or understandings among the stockholders
of the Company or with the Company relating to the voting of their respective
shares or other securities issued by the Company which include voting
rights.

	 No
Broker or Finders.  No person, firm or corporation has or will have, as a
result of any act or omission by the Company, any right, interest or valid claim
against Purchasers for any commission, fee or other compensation as a finder or
broker, or in any similar capacity, in connection with the transactions
contemplated by the Transaction Documents.  The Company will indemnify and hold
Purchasers harmless against any and all liability with respect to any such
commission, fee or other compensation which may be payable or determined to be
payable as a result of the actions of the Company in connection with the
transactions contemplated by the Transaction
Documents.

	 Taxes.    For purposes of this
Agreement:

"Tax" or "Taxes" shall mean all federal, state, county,
local, municipal, foreign and other taxes, assessments, duties or similar
charges of any kind whatsoever, including all corporate franchise, income,
sales, use, ad valorem, receipts, value added, profits, license, withholding,
payroll, employment, excise, premium, property, customs, net worth, capital
gains, transfer, stamp, documentary, social security, environmental, alternative
minimum, occupation, recapture and other taxes, and including all interest,
penalties and additions imposed with respect to such amounts, and all amounts
payable pursuant to any agreement or arrangement with respect to Taxes.

"Taxing Authority" shall mean any domestic, foreign, federal,
national, state, county or municipal or other local government, any subdivision,
agency, commission or authority thereof, or any quasi-governmental body
exercising tax regulatory authority.

"Tax Return" or "Tax Returns" shall mean all returns,
declarations of estimated tax payments, reports, estimates, information returns
and statements, including any related or supporting information with respect to
any of the foregoing, filed or to be filed with any Taxing Authority in
connection with the determination, assessment, collection or administration of
any Taxes.

	(i) The Company, and any affiliated group, within the
meaning of Section 1504 of the Code, of which the Company is or has been a
member, has filed or caused to be filed in a timely manner (within any
applicable extension periods) all material Tax Returns required to be filed by
the Code or by applicable state, local or foreign tax laws, (ii) all material
Taxes with respect to taxable periods covered by such Tax Returns, and all other
Taxes for which the Company is or might otherwise be liable have been timely
paid in full or will be timely paid in full by the due date thereof and the most
recent audited financial statements for the Company reflect an adequate reserve
for all Taxes payable by the Company for all taxable periods and portions
thereof through the date of such financial statements, and (iii) there are no
material liens for Taxes with respect to any of the assets or properties of the
Company.

	No Tax Return of the Company has ever been examined by
the Internal Revenue Service.  No material Tax Return of the Company or any
affiliated group of which the Company is or has ever been a member is under
audit or examination by any Taxing Authority, and no written or unwritten notice
of such an audit or examination has been received by the Company.

	Each material deficiency resulting from any audit or
examination relating to Taxes by any Taxing Authority has been timely paid.  No
material issues relating to Taxes were raised by the relevant Taxing Authority
in any completed audit or examination that can reasonably be expected to recur
in a later taxable period.  The relevant statute of limitations is closed with
respect to the federal, foreign and material state and local Tax Returns of the
Company and any affiliated group of which the Company has ever been a part for
all years through December 31, 1995.

	The Company is not party to or bound by any tax sharing
agreement, tax indemnity obligation or similar agreement, arrangement or
practice with respect to Taxes (including any advance pricing agreement, closing
agreement or other agreement relating to Taxes with any Taxing
Authority).

	The Company is not required to include in a taxable
period ending after the Closing Date taxable income attributable to income that
accrued in a prior taxable period but was not recognized in any prior taxable
period as a result of the installment method of accounting, the long-term
contract method of accounting, the cash method of accounting or Section 381 of
the Code or any comparable provision of state, local, or foreign Tax law, or for
any other reason.

	(i) No property of the Company is "tax exempt use
property" within the meaning of Section 168(h) of the Code, (ii) the Company is
not a party to any lease made pursuant to Section 168(f)(8) of the Internal
Revenue Code of 1954, and (iii) none of the assets of the Company are subject to
a lease under Section 7701(h) of the Code or under any predecessor section
thereof.

	(i) There are no outstanding agreements or waivers
extending, or having the effect of extending, the statutory period of limitation
applicable to any material Tax returns required to be filed with respect to the
Company, (ii) neither the Company, nor any affiliated group, within the meaning
of Section 1504 of the Code, of which the Company is or has been a member, has
requested any extension of time within which to file any material Tax return,
which return has not yet been filed, and (iii) no power of attorney with respect
to any Taxes has been executed or filed with any Taxing Authority by or on
behalf of the Company.

	The Company has complied in all respects with all
applicable laws relating to the payment and withholding of Taxes (including
withholding of Taxes pursuant to Sections 1441, 1442, 3121 and 3402 of the Code
or any comparable provision of any state, local or foreign laws) and have,
within the time and in the manner prescribed by applicable law, withheld from
and paid over to the proper Taxing Authorities all amounts required to be so
withheld and paid over under applicable laws.

	The Company is not a real property holding corporation
within the meaning of Section 897 of the Code.

	The Company is not a "foreign person" within the meaning
of Section 1445 of the Code.

	 Disclosure.  Each Purchaser has access to a true and
complete copy of each report, schedule, registration statement and definitive
proxy statement, including exhibits filed therewith (but excluding exhibits
incorporated therein by reference and not attached thereto), filed by the
Company during the fiscal year ended December 31, 1999, and any subsequent
interim periods, with the SEC (the "SEC Documents"), which are all the documents
that the Company was required to file.  As of their respective dates and, except
to the extent information contained therein has been revised or superseded by a
later filed SEC Document, as of the date hereof, none of the SEC Documents
contained or contains any untrue statement of a material fact or omits to state
a material fact required to be stated therein or necessary in order to make the
statements therein, in light of the circumstances under which they were made,
not misleading.  The financial statements of the Company included in the SEC
Documents comply as to form in all material respects with applicable accounting
requirements and the published rules and regulations with respect thereto, have
been prepared in accordance with GAAP during the periods presented and fairly
present (subject only, in the case of the unaudited statements, to normal,
recurring audit adjustments) the financial position of the Company as of the
date thereof and the results of its operations and its cash flows for the
periods then ended.

	 Environmental Matters.  (a) Except for matters
that, individually or in the aggregate, could not reasonably be expected to
result in a Material Adverse Effect, the Company (i) has not failed to comply
with any Environmental Law or to obtain, maintain or comply with any permit,
license or other approval required under any Environmental Law; (ii) has
not become subject to any Environmental Liability; (iii) has not received notice
of any claim with respect to any Environmental Liability; or (iv) does not know
of any basis for any Environmental Liability.

	 Investment and Holding Company Status.  The Company
is not (a) an "investment company" as defined in, or subject to regulation
under, the Investment Company Act of 1940 or (b) a "holding company" as defined
in, or subject to regulation under, the Public Utility Holding Company Act of
1935.

	 ERISA.  No ERISA Event has occurred or is reasonably
expected to occur that, when taken together with all other such ERISA Events for
which liability is reasonably expected to occur, could reasonably be expected to
result in a Material Adverse Effect.

	 Insurance.  The Company maintains policies of fire
and casualty, liability and other forms of insurance, including directors' and
officers' insurance, in such amounts, with such deductibles and against such
risks and losses as are customarily maintained by companies engaged in the same
or similar businesses.  All such policies are in full force and effect, all
premiums due and payable thereon have been paid (other than retroactive or
retrospective premium adjustments that are not yet, but may be, required to be
paid with respect to any period ending prior to the Closing Date), and no notice
of cancellation or termination has been received with respect to any such policy
which has not been replaced on substantially similar terms prior to the date of
such cancellation.  The activities and operations of the Company have been
conducted in a manner so as to conform in all material respects to all
applicable provisions of such insurance policies.

	 Sources
of Available Funds.  The Company maintains warehouse lines of credit and
other credit facilities that provide sufficient amounts of financing necessary
for its business as currently conducted and as proposed to be
conducted.  As of March 31, 2000, the total amount of
mortgage loans held-for-sale is $24,608,000.  All such mortgage loans are listed
as current assets on the Company's most recent balance sheet.

	 Maintenance of Common Stock.  The Company at the
Closing will have a sufficient number of authorized but unissued shares of
Common Stock for issuance to the Purchasers at the Closing Date and has reserved
a sufficient number of additional shares of Common Stock for issuance upon
exercise of the Schwab Warrants.

	 Employee
and Labor Matters.  (i) There is not any, and during the past five
years there has not been any, labor strike, dispute, work stoppage or lockout
pending, or, to the knowledge of the Company, threatened, against or affecting
the Company; (ii) to the knowledge of the Company, no union organizational
campaign is in progress with respect to the employees of the Company and no
question concerning representation of such employees exists; (iii) the Company
is not engaged in any unfair labor practice; (iv) there are not any unfair labor
practice charges or complaints against the Company pending, or, to the knowledge
of the Company, threatened, before the National Labor Relations Board; (v) there
are not any pending, or, to the knowledge of the Company, threatened, union
grievances against the Company as to which there is a reasonable possibility of
adverse determination and that, if so determined, individually or in the
aggregate, could reasonably be expected to have a Material Adverse Effect; (vi)
there are not any pending, or, to the knowledge of the Company, threatened,
charges against the Company or any of its current or former employees before the
Equal Employment Opportunity Commission or any state or local agency responsible
for the prevention of unlawful employment practices; and (vii) the Company has
not received written or oral communication during the past five years of the
intent of any Governmental Authority responsible for the enforcement of labor or
employment laws to conduct an investigation of the Company and, to the knowledge
of the Company, no such investigation is in
progress.

	 Certain Regulatory Matters.  The Company is not
currently engaged in any activity not permitted by Section 4(c)(8) of the Bank
Holding Company Act of 1956, as amended (the "Bank Act"), or
Regulation Y of the Federal Reserve Board (12 CFR 225.28(b)) ("Regulation
Y").  In addition, neither the sale of the Shares pursuant to this
Agreement nor the granting of the Schwab Warrants to Charles Schwab & Co.,
Inc. ("Schwab") in connection with that certain Marketing Agreement
entered into as of even date herewith (the "Marketing Agreement")
shall require the Company to obtain approval from any Governmental Authority,
including in connection with any mortgage brokerage or other similar license,
except any approval necessary in connection with the Hart-Scott-Rodino Antitrust
Improvements Act of 1976, as amended ("HSR Act"), or any approval
which if not obtained would not have a Material Adverse Effect.  To the
Company's knowledge, neither the acquisition by the Purchasers of the Shares,
nor the acquisition of the Schwab Warrants by Schwab (or the shares of Common
Stock issuable upon the exercise or conversion thereof) shall require Schwab or
any Purchaser to register as a real estate broker, mortgage broker, mortgage
lender, or otherwise with any Governmental Authority.

	

Representations and Warranties of
Purchaser

Each Purchaser represents and warrants to the Company,
severally and not jointly, as follows:

	 Investment for Own Account.  The Purchaser is
acquiring the Shares hereunder for its own account for investment only and not
with a view to any public distribution of the Shares; and such Purchaser will
not offer to sell or otherwise dispose of the Shares except pursuant to Article
IV hereof.  No other Person has been granted by the Purchaser any right with
respect to or interest in the Shares, nor has it agreed to give any Person any
such interest or right in the future.

	 Offering
Exemption.  The Purchaser understands that the Shares have not been
registered under the Act, nor qualified under any state securities laws, and
that they are being offered and sold pursuant to an exemption from such
registration and qualification based in part upon the representations of such
party contained herein.  The Purchaser is an "accredited investor", as defined
in Rule 501 of Regulation D under the Act.

	 Legends.  The Purchaser understands that
certificates representing the Shares will be endorsed with the following
legend:  

"THE SECURITIES EVIDENCED HEREBY HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES
LAWS.  NO SALE OR DISPOSITION MAY BE EFFECTED WITHOUT (i) EFFECTIVE
REGISTRATION STATEMENTS RELATED THERETO, (ii) AN OPINION OF COUNSEL OR
OTHER EVIDENCE, REASONABLY SATISFACTORY TO THE COMPANY, THAT SUCH REGISTRATIONS
ARE NOT REQUIRED, or (iii) RECEIPT OF NO-ACTION LETTERS FROM THE
APPROPRIATE GOVERNMENTAL AUTHORITIES."

 SECTION
3.04. Removal of Legend.  The Purchaser understands and agrees that any
legend endorsed on a certificate or instrument evidencing the Shares shall be
removed, and the Company shall issue a certificate or instrument without such
legend to the holder of such security only (a) if such security is being
disposed of pursuant to registration under the Act and any applicable state acts
or pursuant to Rule 144 or any similar rule then in effect or (b) if such holder
provides the Company with an opinion of counsel satisfactory to it to the effect
that a sale, transfer, assignment, offer, pledge or distribution for value of
such security may be made without registration and that such legend is not
required to satisfy the applicable exemption from registration.

SECTION 3.05. Acts and Proceedings.  This
Agreement has been duly authorized by all necessary action on the part of the
Purchaser, has been duly executed and delivered by the Purchaser, and is a valid
and binding agreement upon the part of the Purchaser.

SECTION 3.06. No Brokers or Finders.  No person, firm or
corporation has or will have, as a result of any act or omission by the
Purchaser, any right, interest or valid claim against the Company for any
commission, fee or other compensation as a finder or broker, or in any similar
capacity, in connection with the transactions contemplated by the Transaction
Documents.  The Purchaser will indemnify and hold the Company harmless against
any and all liability with respect to any such commission, fee or other
compensation which may be payable or determined to be payable as a result of the
actions of the Purchaser in connection with the transactions contemplated by the
Transaction Documents.

	

Covenants of the
Purchasers

SECTION 4.01. Sales. Each Purchaser, severally
and not jointly, covenants that it will not sell or otherwise transfer any of
the Shares acquired by it hereunder other than pursuant to (i) Rule 144 or any
similar or analogous rule or rules or (ii) an effective registration under the
Act or in a transaction which, in the opinion of counsel reasonably satisfactory
to the Company, qualifies as an exempt transaction under the Act and the rules
and regulations promulgated thereunder.

SECTION 4.02. Six-Months Lockup.  During the period beginning on the
Closing Date and ending six months thereafter, each Purchaser agrees not to (a)
offer, pledge, sell or contract to sell the Shares; sell any option or contract
to purchase, purchase any option or contract to sell, grant any option, right or
warrant to purchase in connection with the Shares; or otherwise transfer or
dispose of, directly or indirectly, the Shares; or (b) enter into any swap or
other arrangement that transfers all or a portion of the economic consequences
associated with the ownership of the Shares (regardless of whether any
transaction described in clause (a) or (b) is to be settled by the delivery of
the Shares, in cash or otherwise), without the prior written consent of the
Company; provided, however, that the provisions of this Section shall not apply
to transactions between a Purchaser, on the one hand, and any Affiliate of the
Purchaser, on the other hand; provided that, such Affiliate agrees in writing to
be bound by the terms of this Agreement to the same extent as such Purchaser.
Notwithstanding any other provision of this Agreement, FT Ventures may assign up
to 666,666 Shares (less the number of Shares for which interests have previously
been assigned pursuant to Section 1.03 of this Agreement) (as appropriately
adjusted for stock splits, stock dividends, combinations, and other
recapitalizations of the Company's share capital) issued pursuant to this
Agreement to another venture capital fund, provided that the representations and
warranties set forth in Article III are true with regard to each such assignee,
the Company has approved such assignment, which approval may not be unreasonably
withheld, and each such assignee shall agree to be bound by the terms of this
Agreement.  Notwithstanding any other provision of this Agreement, each of FT
Ventures, TPF and Benchmark may assign any of the shares of Common Stock issued
pursuant to this Agreement to any of its general or limited partners, provided
that the representations and warranties set forth in Article III are true with
regard to each such assignee and each such assignee shall agree to be bound by
the terms of this Agreement.  

	

Conditions

	 Conditions of each Purchaser's Obligations.
The obligations of each Purchaser hereunder shall not become effective until the
date on which each of the following conditions is satisfied (or waived in
accordance with Section 7.02; provided that Abbey National Treasury Services
Overseas Holdings ("Abbey National") may waive item (j) by itself and
FT Ventures may waive item (k) by itself)):

	The Purchaser (or its counsel) shall have received from
the Company a counterpart of this Agreement and a counterpart of the Rights
Agreement each signed on behalf of the Company and by the Purchasers who have
subscribed to purchase Shares with an aggregate Purchase Price of no less than
$35,999,900.

	The Purchaser shall have received such documents and
certificates as it or its counsel may reasonably request relating to the
organization, existence and good standing of the Company, the authorization of
the transactions contemplated in this Agreement and the other Transaction
Documents and any other legal matters relating to the Company, this Agreement or
the transactions contemplated hereby or thereby, all in form and substance
satisfactory to the Purchaser and its counsel.

	The representations and warranties of the Company under
this Agreement shall be true in all material respects; the Purchaser shall have
received from the Company's Financial Officer a certificate dated as of the
Closing Date with the same effect as though made on and as of the Closing Date,
stating that the representations and warranties of the Company as set forth in
this Agreement are true and accurate in all material respects as of the Closing
Date, and that the Company has suffered no Material Adverse Effect.

	The Company shall have performed and complied in all
respects with the agreements and  conditions required by this Agreement to be
performed and complied with by it prior to or as of the Closing, including
without limitation the execution and delivery by the Company of the other
Transaction Documents.

	All registrations, qualifications, permits and approvals
required under applicable state securities laws for the lawful execution and
delivery of this Agreement and the offer, sale, issuance and delivery of the
Shares shall have been obtained.

	All corporate and other proceedings and actions taken in
connection with the transactions contemplated hereby and in the other
Transaction Documents and all certificates, opinions, agreements, instruments
and documents mentioned herein or incident to any such transaction shall be
satisfactory in form and substance to the Purchaser and its counsel.

	The Company shall have amended the Certificate of
Incorporation to increase the number of shares of authorized Common Stock to an
amount sufficient to cover all currently outstanding shares of Common Stock, the
Shares, the shares of Common Stock which may be issued upon the exchange or
conversion of the Schwab Warrants and all shares of Common Stock which are
currently reserved for issuance by the Company.

	The applicable waiting period under the  HSR Act, to the
extent any filing may be necessary pursuant to the HSR Act, shall have expired
or been terminated, and all other permits, consents, approvals, licenses, orders
or authorizations of, and registrations, declarations and filings with, any
Governmental Authority, if any that are required to be obtained or made in
connection with (i) the execution, delivery or performance of this Agreement by
the Company or the consummation by the Company of the transaction contemplated
hereby and thereby, and (ii) the conduct by the Company or Purchaser (other than
as required by some characteristic of Purchaser) of their respective businesses
following the Closing, as conducted on the date hereof, shall have been duly
obtained or made.

	The Purchasers shall have received a favorable opinion
from legal counsel to the Company in substantially the form of Exhibit B
attached to this Agreement.

	To the extent that Abbey National (and/or its Affiliates)
acquires at least 1.0 million Shares at the Closing, Abbey National shall have
received a side letter from the Company substantially to the effect that:  For
so long as Abbey National (and/or its Affiliates or its partners) owns in excess
of 1.0 million shares of the Common Stock (as appropriately adjusted for stock
splits, stock dividends, combinations and other recapitalizations of the
Company's capital shares), the Company shall take all actions necessary to
ensure that an individual designated by Abbey National be permitted to (i) serve
as a member of the Board of Directors of E-Loan U.K.; provided that, the Company
continues to have a right to appoint a director to such entity and (ii) attend,
as a non-voting member, any meetings of the Company's Board of Directors (but
not any committee meetings thereof).  In addition, the Company agrees to notify
Abbey National of any meetings of the Board of Directors and to provide it with
all materials generally provided to members of the Board of Directors in advance
of any Board of Directors meetings and to provide Abbey National with copies of
all minutes of any Board of Directors meetings (including meetings of committees
thereof).  Abbey National may designate different individuals from time to time
to sit on such board or attend such meetings; provided that, it notifies the
Company in the event of any change in any such designated individual and it may
designate different individuals to serve on or attend the different board
meetings.

	To the extent that FT Ventures (and/or its Affiliates)
acquires at least 1.0 million Shares at the Closing, FT Ventures shall have
received a side letter from the Company substantially to the effect that:  For
so long as FT Ventures (and/or its Affiliates or its partners) owns in excess of
1.0 million shares of the Company's Common Stock (as appropriately adjusted for
stock splits, stock dividends, combinations and other recapitalizations of the
Company's capital shares), the Company shall take all actions necessary to
ensure that an individual designated by FT Ventures be permitted to attend, as a
non-voting member, any meetings of the Company's Board of Directors (but not any
committee meetings thereof).  In addition, the Company agrees to notify FT
Ventures of any meetings of the Board of Directors and to provide FT Ventures
with all materials generally provided to members of the Board of Directors in
advance of any Board of Directors meetings and to provide FT Ventures with
copies of all minutes of any Board of Directors meetings (including meetings of
committees thereof).  FT Ventures may designate different individuals from time
to time to attend the Board of Directors meetings; provided that, it notifies
the Company in the event of any change in any such designated
individual.

	The Marketing Agreement and the Schwab Warrants shall
remain in full force and effect. 

	No Legal Requirement shall have been enacted, entered,
issued, promulgated or enforced by any Governmental Authority that prohibits or
restricts the transactions contemplated by this Agreement and the other
Transaction Documents.

	The Common Stock shall then be traded on the Nasdaq
National Market and not subject to any stop orders or suspensions of trading for
any reason.

	Solely in connection with the acquisition of more than
$3,999,997.50 of the Shares by  TPF, the appropriate authorities at TPF shall
have approved TPF's acquisition of more than $3,999,997.50 of the Shares.

	 Conditions of the Company's Obligations.  The
Company's obligation to sell the Shares to the Purchasers on the Closing Date is
subject to the fulfillment prior to or on the Closing Date of the conditions set
forth below.  In the event that any such condition is not satisfied, Company
shall not be obligated to proceed with the sale of such
Shares.

	The representations and warranties of each Purchaser
under this Agreement shall be true in all material respects as of the Closing
with the same effect as though made on and as of the Closing Date.

	Each Purchaser shall have performed and complied with all
agreements or conditions required by this Agreement to be performed and complied
with by it prior to or as of the Closing Date.

	The applicable waiting period under the  HSR Act, to the
extent any filing may be necessary pursuant to the HSR Act, shall have expired
or been terminated.

	The Company shall have received approval of its
stockholders (i) for the issuance of the Shares and (ii) to amend the
Certificate of Incorporation to increase the number of authorized shares of
Common Stock to not less than 80 million.

	 Termination Date.  Notwithstanding anything herein
to the contrary, if the Closing Date has not occurred on or prior to July 31,
2000, each Purchaser's obligation to purchase the Shares shall be
terminated.

	

Covenants of the
Company

The Company covenants and agrees with the Purchasers as
follows:

	 Existence; Conduct of Business.  The Company will do
or cause to be done all things necessary to preserve, renew and keep in full
force and effect its legal existence in good standing and the rights, licenses,
permits, privileges and franchises material to the conduct of its
business.

	 Payment
of Obligations.  The Company will pay its Indebtedness and other
obligations, including Tax liabilities, before the same shall become delinquent
or in default, except where (a) the validity or amount thereof is being
contested in good faith by appropriate proceedings, (b) the Company has set
aside on its books adequate reserves with respect thereto in accordance with
GAAP, (c) such contest effectively suspends collection of the contested
obligation and the enforcement of any Lien securing such obligation, and (d) the
failure to make payment pending such contest could not reasonably be expected to
result in a Material Adverse Effect.

	 Maintenance of Properties.  The Company will keep
and maintain all property material to the conduct of its business in good
working order and condition, ordinary wear and tear
excepted.

	 Insurance.  The Company will maintain with
financially sound and reputable insurance companies, insurance in such amounts
and against such risks (including fire and other risks insured by extended
coverage) as are customarily maintained by companies engaged in the same or
similar businesses operating in the same or similar locations, including public
liability insurance against claims for personal injury, death or property damage
occurring upon, about or in connection with the use of any properties owned,
occupied or controlled by it as well as such other insurance as may be required
by law.

	 Compliance with Laws.  The Company will comply with
all laws, rules, regulations and orders of any Governmental Authority applicable
to it or its property, except where the failure to do so, individually or in the
aggregate, could not reasonably be expected to result in a Material Adverse
Effect.

	 SEC
Disclosures.  Each report, schedule, registration statement and definitive
proxy statement filed by the Company with the SEC from and after the date of
this Agreement will comply in all material respects with the requirements of the
Exchange Act and/or the Act as applicable to such documents and none of such
documents will, when filed, contain any untrue statement of a material fact or
omit to state a material fact required to be stated therein or necessary in
order to make the statements therein, in light of the circumstances under which
they were made, not misleading.  The Company shall comply with all SEC filing
requirements to which it is subject.

	 Regulation Y.  At least 90 days prior to engaging
in any new activity or performing any new service, including any new activity as
defined in Regulation Y, the Company will notify the Purchasers in writing.  The
Charles Schwab Corporation or any other Purchaser subject to the Bank Act and
the Company agree to provide all reasonable assistance necessary to enable The
Charles Schwab Corporation or such other Purchaser, on the one hand, and the
Company, on the other hand, to have such new activity or service approved as one
permitted to be performed by The Charles Schwab Corporation or such other
Purchaser or the Company, as the case may be, under the Bank Act and Regulation
Y, provided that the foregoing covenant shall not apply at any time in which the
deemed holdings in the Company's voting securities (including any outstanding
warrants) by The Charles Schwab Corporation or any other Purchaser subject to
the Bank Act are less than five percent (5%) of the total outstanding voting
securities of the Company (as measured under the Bank Act).

	 Certain Purchase Rights.  The Company will not
issue to any employee of or consultant to the Company or any of its Affiliates,
or to any third party, any options (but not including shares of Common Stock
issuable under the Company's 1999 Employee Stock Purchase Plan), warrants or
other similar rights to purchase securities of the Company ("Purchase
Rights") with an exercise or purchase price less than the market price of
the Common Stock at the time of the grant or issuance of such Purchase Rights,
without the approval of the Majority Purchasers.  The Company shall take all
actions necessary or appropriate to assure that it will not grant or issue
during any calendar year Purchase Rights (other than the Schwab Warrants) to
acquire in excess of the lesser of (a) 4.0% of its average number of shares of
Common Stock outstanding during such calendar year, (b) 4.5 million shares of
its Common Stock (as appropriately adjusted for stock splits, stock dividends,
combinations and other recapitalizations of the Company's share capital) or (c)
the number of shares of Common Stock that can be acquired upon the conversion or
exchange of Purchase Rights which are approved by the Company's Board of
Directors during such calendar year.  The Company will not reprice any of its
outstanding Purchase Rights or exchange any new Purchase Rights for currently
outstanding Purchase Rights without prior stockholder approval.  The provisions
of this Section 6.08 shall cease to apply if collectively the Purchasers and
their Affiliates at any time own less than five percent of the outstanding
Common Stock. 

	 Use of Proceeds.  The Company will use the
proceeds from the sale of the Shares for general working purposes and the
furtherance of the Company's business plan, including enhancing the Company's
marketing capabilities.

	 Subsequent Equity Offerings.  Until the third
anniversary of the Closing Date, the Company will notify the Purchasers of any
proposed offer or sale of any of its equity securities or any securities
convertible or exchangeable into its equity securities (the "New Equity
Securities") prior to the final sale of the Equity Securities.  The Company
in good faith will consider offering any of the Purchasers, which express an
interest, an opportunity to participate in any such offering or sale.  This
Section 6.10 shall not apply to any offers or sales of Equity Securities in
connection with (a) a loan from a commercial bank; (b) any issuance of
securities (i) as consideration in a merger or consolidation, (ii) in connection
with any strategic partnership or joint venture (the primary purpose of which is
not to raise equity capital), (iii) as consideration for the acquisition of a
business, product, license or other asset by the Company or (iv) equipment
finance leasing; (c) the issuance of securities upon exercise or conversion of
the Company's options, warrants or other convertible securities; or (d) the
grant of additional Purchase Rights in compliance with Section 6.08 of this
Agreement.

	 Maintenance on Nasdaq National Market, Listing of
Shares.  The Company shall maintain the listing of its Common Stock on the
Nasdaq National Market or the American Stock Exchange, Inc. or the New York
Stock Exchange, Inc. and the Company shall use its reasonable best efforts to
prevent the suspension of trading or a failure to be listed on any such exchange
for a period in excess of 10 consecutive trading days at any time.  Promptly
following the Closing Date, the Company shall secure the listing of the Shares
upon the Nasdaq National Market and, in the event it lists its shares of Common
Stock on any other exchange, upon such exchange, and shall maintain such listing
or listings so long as any other shares of Common Stock shall be so listed.

	 Actions to Ensure Closing.  The Company agrees in
good faith to take any such actions as necessary to ensure the Closing,
including the timely holding of any stockholders' meeting.

	 Issuance of the Schwab Warrants.  The Company
agrees to issue  to Schwab the Schwab Warrants on the earlier of (a) the date of
the Closing or (b) July 31, 2000.  At the time of the issuance of the Schwab
Warrants, the Company agrees to enter into registration rights agreements with
Schwab in the form of the registration rights agreements previously negotiated
between the Company and Schwab and as described in the Marketing Agreement.  The
provisions of this Section 6.13 shall survive the termination of this
Agreement.

	 TPF Board Attendance. In the event that (a) a
representative of TPF no longer is a member of the Company's Board of Directors
and (b) TPF (and/or its Affiliates) acquires at least 1.0 million Shares at the
Closing, TPF shall receive a side letter from the Company (promptly following
the time at which both items (a) and (b) first occur substantially to the effect
that:  For so long as TPF (and its Affiliates or partners) owns in excess of 1.0
million shares of the Company's Common Stock (as appropriately adjusted for
stock splits, stock dividends, combinations and other recapitalizations of the
Company's capital shares), the Company shall take all actions necessary to
ensure that an individual designated by TPF be permitted to attend, as a non-
voting member, any meetings of the Company's Board of Directors (but not any
committee meetings thereof).  In addition, the Company agrees to notify TPF of
any meetings of the Board of Directors and to provide TPF with all materials
generally provided to members of the Board of Directors in advance of any Board
of Directors meetings and to provide TPF with copies of all minutes of any Board
of Directors meetings (including meetings of committees thereof).  TPF may
designate different individuals from time to time to attend the Board of
Directors meetings; provided that, it notifies the Company in the event of any
change in any such designated individual.

	

MISCELLANEOUS

	 Notices.  Any notice required or permitted
under this Agreement shall be in writing and shall be delivered in person or
mailed by certified or registered mail, return receipt requested, overnight
Times New Roman or facsimile, directed to (a) the Purchasers c/o The Charles Schwab
Corporation, 101 Montgomery Street, San Francisco, CA 94104, attention:
Christopher V. Dodds, facsimile (415) 636-5877, with a copy to Howard, Rice,
Nemerovski, Canady, Falk & Rabkin, A Professional Corporation, at Three
Embarcadero Center, Seventh Floor, San Francisco, CA 94111, attention: Lawrence
B. Rabkin, facsimile (415) 217-5910; or (b) to the Company at E-Loan, Inc.,
5875 Arnold Road, Suite 100, Dublin, CA 94568, attention: Douglas Galen,
facsimile (925) 556-2914, with a copy to E-Loan, Inc., 5875 Arnold Road, Suite
100, Dublin, CA 94568 attention: Edward A. Giedgowd, facsimile:(925) 803-3503,
or, in any such case, at such other address or addresses as shall have been
furnished in writing by such party to the others.  Copies of the notices
provided to The Charles Schwab Corporation shall also be provided to each of the
other Purchasers at the addresses set forth on Schedule 1.01 attached hereto,
or, in any such case, at such other address or addresses as shall have been
furnished in writing by the Purchasers to the Company.  The giving of any notice
required hereunder may be waived in writing by the parties hereto.  Every notice
or other communication hereunder shall be deemed to have been duly given or
served on the date on which personally delivered, or on the date actually
received.

	 Waivers;
Amendments.   No failure or delay by any Purchaser in exercising any right
or power hereunder shall operate as a waiver thereof, nor shall any single or
partial exercise of any such right or power, or any abandonment or
discontinuance of steps to enforce such a right or power, preclude any other or
further exercise thereof or the exercise of any other right or power.  The
rights and remedies of each Purchaser hereunder are cumulative and are not
exclusive of any rights or remedies that it would otherwise have.  No waiver of
any provision of this Agreement or consent to any departure by the Company
therefrom shall in any event be effective unless the same shall be permitted by
paragraph (b) of this Section, and then such waiver or consent shall be
effective only in the specific instance and for the purpose for which
given.

	Neither this Agreement nor any provision hereof or
thereof may be waived, amended or modified except pursuant to an agreement or
agreements in writing entered into by the Company and the Majority
Purchasers.

	 Expenses.  Each party will pay all costs and
expenses incurred by it in negotiating and preparing this Agreement and in
closing and carrying out the transactions contemplated by this Agreement and the
other Transaction Documents, provided that the Company shall pay the reasonable
legal fees and expenses of The Charles Schwab Corporation, not to exceed $50,000
in the aggregate, in connection with such transactions.

	 Survival.  All covenants, agreements,
representations and warranties made by the Company in the certificates delivered
in connection with or pursuant  to this Agreement shall be considered to have
been relied upon by the other parties hereto and shall survive the execution and
delivery of this Agreement, regardless of any investigation made by any such
other party or on its behalf.  The provisions of Sections 6.13 and 7.03 shall
survive and remain in full force and effect regardless of the consummation of
the transactions contemplated hereby or the termination of this Agreement or any
provision hereof or thereof.

	 Severability.  Any provision of this Agreement held
to be invalid, illegal or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such invalidity, illegality or
unenforceability without affecting the validity, legality and enforceability of
the remaining provisions hereof; and the invalidity of a particular provision in
a particular jurisdiction shall not invalidate such provision in any other
jurisdiction.  

	 Governing Law.  This Agreement shall be construed in
accordance with and governed by the law of the State of
California.

	 Successors and Assigns. Except as otherwise
expressly provided herein, the terms and conditions of this Agreement shall
inure to the benefit of and be binding upon the respective successors and
assigns of the parties hereto.  Except as expressly provided in this Agreement,
nothing in this Agreement, express or implied, is intended to confer upon any
person other than the parties hereto or their respective successors and assigns
any rights, remedies, obligations, or liabilities under or by reason of this
Agreement.  

	 Headings.  Article and Section headings are for
convenience of reference only, are not part of this Agreement and shall not
affect the construction of, or be taken into consideration in interpreting, this
Agreement.

	 Directly
or Indirectly.  Where any provision in this Agreement refers  to action to
be taken by, or prohibited to be taken by, any Person, such provision shall be
applicable whether such action is taken directly or indirectly by such
Person.

	 Legal Counsel. The parties to this Agreement
recognize and agree that Howard, Rice, Nemerovski, Canady, Falk & Rabkin, A
Professional Corporation ("Howard Rice"), solely represents The
Charles Schwab Corporation and certain of its Affiliates in connection with the
negotiation and drafting of the Transaction Documents and the transactions
contemplated hereby and thereby.  The Company has been informed that Howard Rice
has previously provided legal advice to Palo Alto Funding Group
("PAFG"), a predecessor of the Company, and the Company hereby
expressly waives any conflict which may arise or may have arisen due to such
past provision of legal advice to PAFG arising out of the current representation
by Howard Rice adverse to the Company in connection herewith.

	

Definitions

	 Defined
Terms.  As used in this Agreement, the following terms have the meanings
specified below:

"Act" has the meaning assigned to such term in Section
2.12.

"Affiliate" means, (i) with respect to a specified
Person, another Person that directly, or indirectly through one or more
intermediaries, Controls or is Controlled by or is under common Control with the
Person specified or (ii) any "employee investment partnership" sponsored by
Purchaser or any Person as described in clause (i) of this definition.

"Bank Act" has the meaning assigned to such
term in Section 2.25.

"Benchmark" Benchmark Capital Partners IV,
L.P., Benchmark Founders' Fund IV, L.P. and Benchmark Founders' Fund IV-A,
L.P.

"By-Laws" means the bylaws of the Company currently in
force and effect and filed with the SEC as an exhibit to the Company's filings
in SEC Documents under the Act or the Exchange Act.

"Certificate of Incorporation" means the
certificate of incorporation of the Company currently in force and effect and
filed with the SEC as an exhibit to the Company's filings in SEC Documents under
the Act or the Exchange Act.

"Closing" has the meaning assigned to such term in
Section 1.02.

"Closing Date" has the meaning assigned to such term
in Section 1.02.

"Code" means the Internal Revenue Code of 1986, as
amended from time to time.

"Common Stock" means the common stock, par value
$0.001 per share, of the Company.

"Company" means E-Loan, Inc., a Delaware
corporation.

"Contracts" has the meaning assigned to such term in
Section 2.12.

"Control" means the possession, directly or
indirectly, of the power to direct or cause the direction of the management or
policies of a Person, whether through the ability to exercise voting power, by
contract or otherwise.  "Controlling" and "Controlled" have meanings correlative
thereto.

"dollars" or "$" refers to lawful money of the
United States of America.

"Environmental Laws" means all laws, rules,
regulations, codes, ordinances, orders, decrees, judgments, injunctions, notices
or binding agreements issued, promulgated or entered into by any Governmental
Authority, relating in any way to the environment, preservation or reclamation
of natural resources, the management, release or threatened release of any
Hazardous Material or to health and safety matters.

"Environmental Liability" means any liability,
contingent or otherwise (including any liability for damages, costs of
environmental remediation, fines, penalties or indemnities), of the Company
directly or indirectly resulting from or based upon (a) violation of any
Environmental Law, (b) the generation, use, handling, transportation, storage,
treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous
Materials, (d) the release or threatened release of any Hazardous Materials into
the environment or (e) any contract, agreement or other consensual arrangement
pursuant to which liability is assumed or imposed with respect to any of the
foregoing.

"ERISA" means the Employee Retirement Income Security
Act of 1974, as amended from time to time.

"ERISA Affiliate" means any trade or business (whether
or not incorporated) that, together with the Company, is treated as a single
employer under Section 414(b) or (c) of the Code or, solely for purposes of
Section 302 of ERISA and Section 412 of the Code, is treated as a single
employer under Section 414 of the Code.

"ERISA Event" means (a) any "reportable event", as
defined in Section 4043 of ERISA or the regulations issued thereunder with
respect to a Plan (other than an event for which the 30-day notice period is
waived); (b) the existence with respect to any Plan of an "accumulated funding
deficiency" (as defined in Section 412 of the Code or Section 302 of ERISA),
whether or not waived; (c) the filing pursuant to Section 412(d) of the Code or
Section 303(d) of ERISA of an application for a waiver of the minimum funding
standard with respect to any Plan; (d) the incurrence by the Company or any of
its ERISA Affiliates of any liability under Title IV of ERISA with respect to
the termination of any Plan; (e) the receipt by the Company or any ERISA
Affiliate from the PBGC or a plan administrator of any notice relating to an
intention to terminate any Plan or Plans or to appoint a trustee to administer
any Plan; (f) the incurrence by the Company or any of its ERISA Affiliates of
any liability with respect to the withdrawal or partial withdrawal from any Plan
or Multiemployer Plan; or (g) the receipt by the Company or any ERISA Affiliate
of any notice, or the receipt by any Multiemployer Plan from the Company or any
ERISA Affiliate of any notice, concerning the imposition of Withdrawal Liability
or a determination that a Multiemployer Plan is, or is expected to be, insolvent
or in reorganization, within the meaning of Title IV of ERISA.

"Exchange Act" has the meaning assigned to such term
in Section 2.12.

"Financial Officer" means the chief financial officer,
principal accounting officer, treasurer or controller of the Company.

"Financial Statements" has the meaning assigned to
such term in Section 2.13.

"FT Ventures" shall collectively mean
Financial Technology Management, L.L.C., Financial Technology Ventures (Q), L.P.
and Financial Technology Ventures, L.P. and for purposes of this Agreement the
three entities shall be treated as a single entity.  To the extent that notice
is required to be given, consent obtained or information provided to FT
Ventures, FT Ventures shall mean Financial Technology Ventures, L.P. or such
other of the three entities listed in this definitions as Financial Technology
Management Company, L.L.C.  shall notify the Company in writing.

"GAAP" means generally accepted accounting principles
in the United States of America.

"Governmental Authority" means the government of the
United States of America, any other nation or any political subdivision thereof,
whether state or local, and any agency, authority, instrumentality, regulatory
body, court, central bank or other entity, whether foreign or domestic,
exercising executive, legislative, judicial, taxing, regulatory or
administrative powers or functions of or pertaining to government.

"Hazardous Materials" means all explosive or
radioactive substances or wastes and all hazardous or toxic substances, wastes
or other pollutants, including petroleum or petroleum distillates, asbestos or
asbestos containing materials, polychlorinated biphenyls, radon gas, infectious
or medical wastes and all other substances or wastes of any nature regulated
pursuant to any Environmental Law.

"HSR Act" has the meaning assigned to such
term in Section 2.25.

"Indebtedness" of any Person means, without
duplication, (a) all obligations of such Person for borrowed money or with
respect to deposits or advances of any kind; (b) all obligations of such Person
evidenced by bonds, debentures, notes or similar instruments; (c) all
obligations of such Person upon which interest charges are customarily paid; (d)
all obligations of such Person under conditional sale or other title retention
agreements relating to property acquired by such Person; (e) all obligations of
such Person in respect of the deferred purchase price of property or services
(excluding current accounts payable incurred in the ordinary course of
business); (f) all Indebtedness of others secured by (or for which the holder of
such Indebtedness has an existing right, contingent or otherwise, to be secured
by) any Lien on property owned or acquired by such Person, whether or not the
Indebtedness secured thereby has been assumed; (g) all guarantees by such Person
of Indebtedness of others; (h) all capital lease obligations of such Person; (i)
all obligations, contingent or otherwise, of such Person as an account party in
respect of letters of credit and letters of guaranty; and (j) all obligations,
contingent or otherwise, of such Person in respect of bankers' acceptances.  The
Indebtedness of any Person shall include the Indebtedness of any other entity
(including any partnership in which such Person is a general partner) to the
extent such Person is liable therefor as a result of such Person's ownership
interest in or other relationship with such entity, except to the extent the
terms of such Indebtedness provide that such Person is not liable therefor.

"Legal Requirements" has the meaning assigned to such
term in Section 2.11.

"Lien" means, with respect to any asset, (a) any
mortgage, deed of trust, lien, pledge, hypothecation, encumbrance, charge or
security interest in, on or of such asset and (b) the interest of a vendor or a
lessor under any conditional sale agreement, capital lease or title retention
agreement (or any financing lease having substantially the same economic effect
as any of the foregoing) relating to such asset.

"Majority Purchasers" has the meaning
assigned to such term in Section 1.02.

"Marketing Agreement" has the meaning
assigned to such term in Section 2.25.

"Material Adverse Effect" means a material adverse
effect on (a) the business, assets, operations, prospects or condition,
financial or otherwise, of the Company and its subsidiaries taken as a whole,
(b) the ability of the Company to perform any of its obligations under this
Agreement or any of the other Transaction Documents or (c) the rights of or
benefits available to Purchaser under this Agreement or any of the other
Transaction Documents.

"Multiemployer Plan" means a multiemployer plan as
defined in Section 4001(a)(3) of ERISA.

"Nasdaq National Market" shall mean the Nasdaq
National Market.

"PBGC" means the Pension Benefit Guaranty Corporation
referred to and defined in ERISA and any successor entity performing similar
functions.

"Permits" has the meaning assigned to such term in
Section 2.11. 

"Person" means any natural person, corporation,
limited liability company, trust, joint venture, association, company,
partnership, Governmental Authority or other entity.

"Plan" means any employee pension benefit plan (other
than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or
Section 412 of the Code or Section 302 of ERISA, and in respect of which the
Company or any ERISA Affiliate is (or, if such plan were terminated, would under
Section 4069 of ERISA be deemed to be) an "employer" as defined in Section 3(5)
of ERISA.

"Regulation Y" has the meaning assigned to
such term in Section 2.25.

"Rights Agreement" has the meaning assigned
to such term in Section 2.03.

"Schwab" has the meaning assigned to such
term in Section 2.25.

"Schwab Warrants" shall mean the warrants
dated April 25, 2000, to be granted to Schwab on the earlier of (a) the Closing
Date or (b) July 31, 2000 and which grant to Schwab the right, under the
conditions set forth in the warrants, to acquire 13.1 million shares of Common
Stock.

"SEC" has the meaning assigned to such term in Section
2.12.

"SEC Documents" has the meaning assigned to such term
in Section 2.17.

"security" or "securities" has the meaning set
forth in Section 2(1) of the Act.

"subsidiary" means, with respect to any Person (the
"parent") at any date, any corporation, limited liability company,
partnership, association or other entity the accounts of which would be
consolidated with those of the parent in the parent's consolidated financial
statements if such financial statements were prepared in accordance with GAAP as
of such date, as well as any other corporation, limited liability company,
partnership, association or other entity (a) of which securities or other
ownership interests representing more than 50% of the equity or more than 50% of
the ordinary voting power or, in the case of a partnership, more than 50% of the
general partnership interests are, as of such date, owned, controlled or held or
(b) that is, as of such date, otherwise Controlled, by the parent or one or more
subsidiaries of the parent or by the parent and one or more subsidiaries of the
parent.

"TPF" has the meaning assigned to such term
in Section 1.01.

"Transaction Documents" has the meaning
assigned to such term in Section 2.03.

"Withdrawal Liability" means liability to a
Multiemployer Plan as a result of a complete or partial withdrawal from such
Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA.

	 Terms Generally.  The definitions of terms herein
shall apply equally to the singular and plural forms of the terms defined.
Whenever the context may require, any pronoun shall include the corresponding
masculine, feminine and neuter forms.  The words "include", "includes" and
"including" shall be deemed to be followed by the phrase "without limitation".
The word "will" shall be construed to have the same meaning and effect as the
word "shall".  Unless the context requires otherwise (a) any definition of or
reference to any agreement, instrument or other document herein shall be
construed as referring to such agreement, instrument or other document as from
time to time amended, supplemented or otherwise modified (subject to any
restrictions on such amendments, supplements or modifications set forth herein),
(b) any reference herein to any Person shall be construed to include such
Person's successors and assigns, (c) the words "herein", "hereof" and
"hereunder", and words of similar import, shall be construed to refer to this
Agreement in its entirety and not to any particular provision hereof, (d) all
references herein to Articles, Sections, Exhibits and Schedules shall be
construed to refer to Articles and Sections of, and Exhibits and Schedules to,
this Agreement and (e) the words "asset" and "property" shall be construed to
have the same meaning and effect and to refer to any and all tangible and
intangible assets and properties, including cash, Shares, accounts and contract
rights.  

	 Accounting Terms; GAAP.  Except as otherwise
expressly provided herein, all terms of an accounting or financial nature shall
be construed in accordance with GAAP, as in effect from time to time; provided
that, if the Company notifies Purchaser that the Company requests an amendment
to any provision hereof to eliminate the effect of any change occurring after
the date hereof in GAAP or in the application thereof on the operation of such
provision (or if Purchaser notifies the Company that it requests an amendment to
any provision hereof for such purpose), regardless of whether any such notice is
given before or after such change in GAAP or in the application thereof, then
such provision shall be interpreted on the basis of GAAP as in effect and
applied immediately before such change shall have become effective until such
notice shall have been withdrawn or such provision amended in accordance
herewith.

This Agreement may be executed and delivered (including by
facsimile transmission) in one or more counterparts, and by the different
parties hereto in separate counterparts, each of which shall be deemed to be an
original, but all of which taken together shall constitute one and the same
agreement.

IN WITNESS WHEREOF, the parties hereto have caused this
Agreement to be duly executed by their respective authorized officers and
members as of the day and year first above written.
"Company":

E-LOAN, Inc.

Name:

Title:

"Purchasers":

The Charles Schwab CorporationTechnology Partners Fund VI,
L.P.

By:  TP Management VI, L.L.C.

By:  
By:___________________________

Name:  Christopher V. DoddsName:  Ira Ehrenpreis

Title:  Executive Vice President Title:  Managing Member

        and Chief Financial Officer

Abbey National Treasury Services Financial Technology Ventures,
L.P.

Overseas HoldingsFinancial Technology Ventures (Q), L.P.

By:  Financial Technology Management,

L.L.C., their General Partner

By:_______________________________By:___________________________

Name:Anna MerrickName:  Scott Wu

Title:Title:  Managing Member

Benchmark Capital Partners IV, L.P.

as nominee for 

Benchmark Capital Partners IV, L.P.

Benchmark Founders' Fund IV, L.P.

Benchmark Founders' Fund IV-A, L.P.

and related individuals

By:Benchmark Capital Management

Co. IV, L.L.C., their general partner

By:______________________________

Name:Steve Spurlock, Managing Member

 

 

 

 

 

 

 

 

 

SCHEDULE 1.01

Schedule of Purchasers

 

PurchasersSharesPurchase
Price

The Charles Schwab Corporation2,666,666$9,999,997.50

101 Montgomery Street

San Francisco, CA  94104

Abbey National Treasury Services2,666,666$9,999,997.50

Overseas Holdings

26-28 Dorset Square

London NW1 6QG

United Kingdom

Attention:  Christian Dummett

Fax No.:  011-44-207612-3482

Financial Technology Ventures L.P.     95,200$
357,000.00

Financial Technology Ventures (Q) L.P.2,571,466$9,642,997.50

601 California Street

22nd Floor

San Francisco, CA  94108

Attention:  Chuck Ott

Fax No.:  (415) 229-3010

Benchmark Capital Partners IV, L.P.1,333,333$4,999,998.75

2480 Sand Hill Road

Palo Alto, CA  94025

Attention:  Steve Spurlock

Fax No.:  (650) 854-8183

Technology Partners Fund VI, L.P.1,333,333$4,999,998.75

550 University Avenue

Palo Alto, CA  94301

Attention:  Ira Ehrenpreis

Fax No.:  (650) 289-9001MARKETING

Exhibit 10.2

MARKETING AGREEMENT

by and between

Charles Schwab & Co., Inc.

and

E-Loan Inc.

made and entered into

as of April 25, 2000

 

Recitals

I Marketing Of E-Loan Services

1.1Schwab Mortgage Website.

1.2Access to the Schwab Mortgage Website.*

1.3Customer Service and Loan Service Support2

1.4Restrictions.*

1.5Additional Promotions .3

1.6Integrations and Future Integrations .3

II Operation of the Schwab Mortgage Website*

2.1Operation and Maintenance of the Schwab Mortgage Website.*

2.2Content on the Schwab Mortgage Website.*

2.3Advertising and Links.*

2.4Customer Service Standards.*

2.5Responsibilities of E-Loan to Customers .6

IIIE-Loan Services*

3.1Standard of Care.*

3.2Compliance with Law.*

3.3Customer Service.*

3.4Review Rights.*

3.5Reports to Schwab.*

3.6Inspection Rights.*

3.7Schwab Employee Discounts .8

IV Schwab's Responsibilities*

4.1Standard of Care.*

4.2False, Inaccurate and Misleading Statements.*

4.3Document Review Rights.*

VOwnership and Exclusivity*

5.1Ownership of Schwab Materials.*

5.2Ownership of E-Loan Materials.*

5.3Right to Own Customer Information.*

5.4Treatment of Customer Information.*

5.5Exclusive Relationship.10

5.6Independent Development .11

VI License to Use Marks*

6.1License to Use "Schwab Mark".*

6.2License to "E-Loan Marks".*

6.3Ownership and Use of Marks.*

VIIIndemnification*

7.1Indemnification of Schwab*

7.2Notifications and Other Indemnification Procedures.*

7.3Settlements.??

viii COMPENSATION TO SCHWAB16

8.1Marketing Fee.16

8.2Warrant.16

ix representations, warranties and covenants17

9.1Reciprocal Warranties.17

9.2Representations, Warrants and Covenants of E-Loan.17

9.3E-Loan's Year 2000 Representation.18

9.4Schwab's Year 2000 Representation.18

X Confidentiality and Non-Solicitation18

10.1Definition of Confidential Information.18

10.2Exclusions.19

10.3Treatment of Confidential Information.19

10.4Compelled Disclosures.20

10.5Return of Confidential Information.20

10.6Solicitation of Schwab Customers.21

10.7Non-Exclusive Equitable Remedy.21

XI Termination22

11.1Term.22

11.2Termination on Breach of Law.22

11.3Termination on Breach of Agreement.22

11.4Termination Based on Effectiveness of Marketing.23

11.5Effects of Termination.24

11.6Transition Matters.24

XII Miscellaneous Provisions25

12.1Board Seat.25

12.2Disclosure of Relationship.25

12.3Confidentiality of Terms and Results.25

12.4Insurance.25

12.5Notices.26

12.6Application of Law; Venue.26

12.7Headings, Articles and Sections.26

12.8Independent Parties.27

12.9Amendments.27

12.10Number and Gender.27

12.11Counterparts.27

12.12Attorneys' Fees.27

12.13Arbitration.27

12.14Cooperation.28

12.15Severability.28

12.16Entire Agreement.28

12.17Authorship.28

12.18Force Majeure.28

12.19Assignment.29

 

MARKETING AGREEMENT

This Marketing Agreement ("Agreement") is made and entered into as of April 25, 2000 ("Effective Date"), by and
between Charles Schwab & Co., Inc., a California corporation located at 101 Montgomery Street, San Francisco, CA  94104
("Schwab") and E-Loan Inc., a Delaware corporation located at 5875 Arnold Road, Suite 100, Dublin,  CA 94568  ("E-
Loan"). 

RECITALS

A.Schwab, a securities broker known nationally for its integrity,
innovation and customer service, maintains two separate websites through the Internet and the World Wide Web relating to financial
services:  (1) a Schwab "client only" private website accessible only by Schwab clients (the "Private Website"); and (2) a
generally accessible public website (the "Public Website") (the Private Website and the Public Website are collectively called
"Schwab Websites");

B.E-Loan, an on-line lender and loan broker which maintains a website (the
"E-Loan Website") which, among other things, provides domestic and international real estate lending services, auto lending
services and other credit arrangements to persons through the Internet and the World Wide Web.  E-Loan desires to advertise its
domestic real estate lending services as specified in Exhibit A attached hereto (hereafter "E-Loan Services") on the Schwab
Websites and to obtain a license to use the "Schwab" name in connection with marketing certain of E-Loan Services;

C.In order to assist E-Loan in the marketing of E-Loan Services, Schwab and E-
Loan intend to develop a co-branded website (the "Schwab Mortgage Website") on which E-Loan will offer E-Loan Services to
Schwab's clients and other persons accessing the Schwab Mortgage Website.  Those persons accessing the Schwab Mortgage Website and
others seeking E-Loan Services as a result of the marketing efforts supporting this Agreement are hereinafter referred to as
"Customers".

NOW, THEREFORE, in consideration of the respective representations, warranties, covenants, agreements, and conditions contained in
this Agreement, and in return for good and valuable consideration, the receipt and sufficiency of which are hereby specifically
acknowledged, Schwab and E-Loan hereby agree as follows:

 

TERMS OF AGREEMENT

	.  Marketing of E-Loan Services

	Schwab Mortgage Website.  E-Loan will create the Schwab Mortgage Website, an internet site accessible by Customers,
that will have the "look and feel" of the Schwab Websites including the current navigation header, with graphical reference to E-
Loan.  The date the Schwab Mortgage Website is readily accessible to the general public via the Schwab Links or otherwise will be
referred to as the "Launch Date".  The Schwab Mortgage Website will contain various hypertext links to mortgage tools,
services, and articles provided by E-Loan and shall enable Customers to, at a minimum, (a) search for rates for domestic mortgages,
home equity loans, and refinancings (collectively "Loan Products") from a variety of lenders; (b) apply online for a Loan
Product; and (c) prequalify for a Loan Product.  All hypertext links from the Schwab Mortgage Website shall be subject to the prior
written approval of Schwab.  All tools, services, and articles will have a Schwab Mortgage Website co-branded header, and use the
current Schwab navigation header and E-Loan sidebar and footer.  Both parties shall agree to the "look and feel" of the Schwab
Mortgage Website.

	Access to the Schwab Mortgage Website.  Schwab and E-Loan will cooperate in creating, as soon as possible, a
readily accessible link between the Schwab Mortgage Website, the Schwab Websites and, as determined by Schwab, one or more websites
developed, owned, licensed, operated, hosted or otherwise controlled by Schwab or any Schwab affiliate.  Schwab and E-Loan will also
cooperate in creating, as soon as possible, a means to allow Customers access to the Schwab Mortgage Website by e-mail link, as
mutually determined by the parties.  All methods by which Schwab will link Customers to the Schwab Mortgage Website will be referred
to as the "Schwab Links".  Schwab and E-Loan will each pay their own costs for creating and accepting the Schwab Links. The
Schwab Links and the Schwab Mortgage Website will include such caveats and disclaimers as Schwab and E-Loan deem necessary or
appropriate in the form and location determined by Schwab and E-Loan. 
	Customer Service and Loan Service
Support.  E-Loan shall provide customer service support to users accessing the E-Loan Services.  E-Loan shall create and
maintain a toll-free customer service line designed and intended to be for the exclusive use of Customers (the "Mortgage Service
Line"). Schwab and E-Loan shall create a "warm transfer" telephone call from a Schwab line to the Mortgage Service Line.  In
supporting the Mortgage Service Line, E-Loan shall provide Schwab with customer service metrics and policies which are equal or
superior  to E-Loan's standard metrics and policies.  E-Loan shall provide a level of service to Customers that is equal or superior
to the level of service E-Loan is then providing to other E-Loan customers. 
	Restrictions.  Other than by engaging
in the activities described in Sections 1.1, 1.2 and 1.3 above, E-Loan shall not (i) describe Schwab's brokerage services (other than
disseminating or posting promotional or advertising materials approved in each case by Schwab pursuant to Section 3.4 below); (ii)
become involved in the financial services offered by Schwab, including, without limitation, by:  (A) opening, maintaining,
administering, or closing customer brokerage accounts with Schwab; (B) soliciting, processing, or facilitating securities
transactions relating to customer brokerage accounts with Schwab; (C) extending credit to any Customer for the purpose of
purchasing securities through, or carrying securities with, Schwab; (D) answering Schwab client inquiries or engaging in
negotiations involving brokerage accounts or securities transactions; (E) accepting Schwab client securities orders, selecting
among broker-dealers or routing orders to markets for Schwab execution; (F) handling funds or securities of Schwab clients, or
effecting clearance or settlement of client securities trades; or (G) resolving or attempting to resolve any problems, discrepancies, or disputes involving Schwab client accounts or related transactions.  E-Loan acknowledges that engaging in any of the above activities may subject E-Loan to broker-dealer registration
requirements under the Securities Exchange Act of 1934 and applicable state law. 
	Additional
Promotions. Schwab shall promote the Schwab Mortgage Website through various written and electronic mediums up to an
aggregate expense of [*] Dollars [*] per twelve month period beginning as of the Effective Date year.  All such materials will be
subject to the review and consent of Schwab and E-Loan pursuant to Sections 3.4 and 4.3.  Schwab will invoice E-Loan monthly for the
costs of such promotional materials and services, which invoice shall be paid within thirty (30) days.  If both parties agree,
additional promotional expense above and beyond the annual [*] Dollars [*] may be incurred.  E-Loan will be invoiced for these
additional costs.

	Integrations and Future Integrations.  E-Loan shall provide all Schwab clients, whether or not Customers,
with access to E-Loan's current and future tools and calculators.  Schwab may use any or all of such tools on the Schwab Websites,
other websites maintained by Schwab, or any third party website linked to the Schwab Websites or any of its affiliates' websites.
Furthermore, it is the intention of the parties to enter into further discussions concerning the potential further integration of
Schwab's and E-Loan's technologies, however, nothing contained herein will obligate any party hereto to enter into any arrangement to
integrate such technologies.
	.  Operation of the Schwab Mortgage
Website

	Operation and Maintenance of the Schwab Mortgage
Website.  E-Loan acknowledges and agrees that it will be solely responsible for the operation and maintenance of the
Schwab Mortgage Website.  E-Loan accepts all responsibility for ensuring that the use of the Schwab Mortgage Website complies with
this Agreement and all applicable federal, state, local, foreign and self-regulatory authorities' laws, rules and regulations.
Without limiting the generality of the foregoing, E-Loan's responsibilities include, without limitation: 

	Maintenance of the Schwab Mortgage Website.  E-Loan shall maintain
the Schwab Mortgage Website, including all necessary computer systems and telecommunications capabilities, in accordance with
applicable industry standards and the specifications set forth in the "System Performance Standards" attached hereto as
Exhibit B.  
	Support Services.  E-Loan shall, at its own expense, offer to
Customers customer support of the Schwab Mortgage Website which is designed and intended to be exclusively available to Customers.  All forms of support available to E-Loan customers shall be made available to
Customers (i.e. phone support, live chat, U.S. mail and e-mail).  E-Loan customer service representatives supporting the Loan/Call
Center referenced in Section 2.4, shall use a script designed by E-Loan and approved by Schwab pursuant to Section 3.4.  On-going
navigational support for the Schwab Mortgage Website will be provided by E-Loan.  Schwab may also request, from time to time, that E-
Loan provide additional support features and E-Loan shall consider such requests in good faith. 

	System Availability and Integrity.  E-Loan shall maintain its systems including the Schwab Mortgage Website so as
to be available 99% of the time and to provide 99.9% data integrity.  The user interface response time for the Schwab Mortgage
Website shall be no less than that experienced on the E-Loan Website.  E-Loan shall maintain disaster recovery capabilities so as to
resume business functionality within one hour.  E-Loan shall maintain a secure server for the operation of the Schwab Mortgage
Website so that no Customer information can be read by a third party intercepting the transmission.  
	Quality Control.  E-Loan will institute quality controls, including
suitable testing procedures, to ensure the availability of the Schwab Mortgage Website and to ensure that the Schwab Mortgage Website
performs in accordance with the applicable specifications and in a manner consistent with the highest applicable industry standards.
Subject to Article X hereof, upon Schwab's reasonable request, Schwab will have the right to review E-Loan's quality controls in
order to verify the quality of the Schwab Mortgage Website and the Schwab Mortgage Website's performance.  Schwab's possession of
information gleaned from such review shall be treated as Confidential Information, as defined below, of E-Loan; and Schwab's right to
review and/or possession of such information will not obligate Schwab to establish procedures for dealing with E-Loan's quality
controls.
	Problem Resolution.  On discovery of any significant bugs, errors
in, or problems with the Schwab Mortgage Website, E-Loan shall notify Schwab within sixty (60) minutes of such discovery and shall
advise Schwab when the problem will be resolved or the next update provided.  During the term of this Agreement, E-Loan shall
promptly resolve all significant bugs or errors in, or problems with the Schwab Mortgage Website reported by Schwab, Customers, other
E-Loan customers or discovered by E-Loan, but in any event no longer than twenty-four (24) hours after such problem is reported.  If
E-Loan reasonably believes that certain bugs or errors cannot be corrected within twenty-four (24) hours, E-Loan shall provide Schwab
with (i) a description of the problem, (ii) its proposed solution for the problem, and (iii) a commercially reasonable
time estimate for implementation of the solution for the problem within twenty-four (24) hours after the bug or error is
reported.
	Content on the Schwab Mortgage Website.
Subject to Section 1.1 hereof, E-Loan shall be solely responsible for creating, editing, reviewing, deleting and otherwise
controlling all content that E-Loan posts or otherwise publishes on the Schwab Mortgage Website, including enforcing its rules
relating to the posting of content by third parties and clients.  In connection with such content, E-Loan represents, warrants and
covenants to Schwab that, in connection with the materials published by E-Loan: 

	such content does not and will not infringe or violate the intellectual property
rights of any third party;
	such content does not and will not (i) contain any false, defamatory or
offensive material, or (ii) violate any applicable law, rule or regulation;
	E-Loan has sufficient rights to such content to grant to Schwab and to Customers
the rights set forth in this Agreement; and no consent of any third party is necessary for E-Loan to enter into this Agreement;
and
	neither the content nor the Schwab Mortgage Website will contain viruses,
Trojan horses, worms, time bombs, cancelbots or other similar harmful or deleterious programming routines.

Prior to creating, editing or deleting any content on the Schwab Mortgage Website, E-Loan shall obtain the written consent of
Schwab.

	Advertising and Links.  E-Loan shall
obtain  Schwab's prior written consent before placing any advertising or third party hyperlinks on the Schwab Mortgage
Website.
	Customer Service Standards.
E-Loan shall conform to or surpass the following customer service standards:  (i) E-Loan's response time in answering
phone calls shall be no more than twenty (20) seconds with an abandoned rate of less than 5% measured on a monthly basis;
(ii) the length of E-Loan's service calls shall be as long as necessary to satisfy the Customer, with a goal of one-call
resolution; (iii) E-Loan and its customer service personnel shall treat the Customers with respect and dignity at all times;
(iv) in the event an E-Loan customer service representative is unable to answer a Customer's question during the first phone
call, such customer service representative will follow-up on the matter, and within twenty-four (24) hours of the original call, E-
Loan will place a return call to such Customer to provide a status update, (v) respond to all Customer e-mails within 24 hours, (vi)
maintain a Loan/Call Center with adequate number of staff to support the required customer service metrics and policies under this
Agreement, with hours of operation from 5:00 a.m. to 8:00 p.m. PST Monday through Friday and 6:00 a.m. to 6:00 p.m. Saturdays and
Sundays, and (vii) respond to all mail requests within 24 hours or less of being processed.  E-Loan shall institute written
procedures to comply with the above standards. 

	Responsibilities of E-Loan to Customers.  E-Loan shall, in the ordinary course of its business, take and process
loan applications from Customers, issue loan prequalifications and preapprovals, respond to Customer inquiries, underwrite and make
credit decisions on loan applications, arrange and assist Customers with loan closings, consummate and fund loans, perform mortgage
broker services where appropriate, provide required disclosures (including without limitation adverse action notices when adverse
action is taken by E-Loan on an application), and perform such other mortgage services as are necessary or incident to providing
initial Loan Products and mortgage services to Customers obtaining a mortgage loan.  E-Loan shall provide a level of service to
Customers identical to, or superior to, the level of service E-Loan is then providing to other E-Loan customers.

	.  E-Loan Services

	Standard of Care.  E-Loan shall conduct
its businesses and operations with diligence and care, in conformity with the highest levels of business and ethical standards and in
accordance with the terms of this Agreement.  E-Loan is knowledgeable of the laws governing the business of E-Loan and E-Loan
acknowledges that Schwab is relying on E-Loan to assure compliance with each law, regulation or code affecting the E-Loan Services
offered by E-Loan on the Schwab Mortgage Website and the Schwab Links provided by Schwab under this Agreement. 
	Compliance with Law.  In connection
with the solicitation of Customers and in the processing of applications and the making of real estate loans (and the collection of
such loans, if E-Loan should ever engage in such activity), E-Loan shall: 

	comply fully and completely with all applicable federal, state and local laws and
regulations, including, without limitation, the federal Consumer Credit Protection Act and Regulation Z,  the Equal Opportunity Act
and Regulation B, the Real Estate Settlement Procedures Act and Regulation X, the Fair Debt Collections Practices Act, all applicable
state statutes, and regulations which are or may be applicable to E-Loan's business, or its use of
marketing services provided by Schwab pursuant to this Agreement;
	not accept applications from, solicit or provide E-Loan Services to any Customer
who resides in a state or seeks to obtain a loan secured by property located in a state where:  (a) E-Loan may not legally offer
E-Loan Services; or  (b) Schwab may not legally provide the marketing services or license its name under this Agreement whether
by reason of some prohibition, restriction, limitation, license or registration requirement or otherwise;
	not offer E-Loan Services where they can not legally do so or where the terms of
this Agreement would require that Schwab be licensed or would otherwise be restricted, taxed or controlled without Schwab's prior
written consent; and
	in any advertisement, whether or not on Schwab Websites, or in any communication
of any kind or nature with any Customer, shall state clearly that the E-Loan Services offered or being provided (including, without
limitation those E-Loan Services which may use the Schwab Mark or described on the Schwab Mortgage Website) are being provided by E-
Loan and not by Schwab.

	Customer Service.  The terms and
conditions of the E-Loan Services offered to Customers will be more favorable than or identical to the terms and conditions of
services offered to any other customers of E-Loan. 
	Review Rights.  E-Loan shall prepare
and be responsible for the content of the Schwab Mortgage Website and all other communications with its customers (including
Customers) and third parties; provided, however, that prior to the distribution of any materials that mention Schwab or the
Schwab Links to E-Loan's customers (including the Customers) or any third parties, E-Loan shall provide Schwab with an opportunity to
review and shall obtain Schwab's prior written consent, which consent may be withheld in Schwab's sole discretion, with respect to
those portions of the communication that mention Schwab. 
	Reports to Schwab.  E-Loan will have a
continuous obligation to cooperate with any requests for information and/or documents from Schwab or any regulatory body of competent
jurisdiction.  Specifically, E-Loan agrees to:

	provide Schwab with a weekly summary report setting forth the data
described on Exhibit "C"; and

(b)immediately notify Schwab, in writing, of any complaints received
relating to the Schwab Mortgage Website or any Customer. 

	Inspection Rights.  E-Loan will
maintain complete records which accurately reflect its businesses and operations.  Subject to the confidentiality requirements that
E-Loan owes to its customers, Schwab will have the right, but not the duty, upon reasonable notice and during regular business hours,
of unrestricted access to inspect, review and audit the books and records of E-Loan so as to confirm compliance with its obligations
hereunder. Schwab will also have the right, but not the duty, to obtain copies of all written and electronic communications with
Customers and such other documents, letters and/or agreements which may be requested by Schwab.  The information obtained by Schwab
pursuant to this Section 3.6 shall be treated as Confidential Information (as hereinafter defined) of E-Loan.  Schwab shall, at
all times and upon reasonable notice, have the right but not the obligation, at Schwab's expense, of unrestricted access to inspect,
either itself or through its duly authorized representatives, all or any portion of E-Loan's Internet promotions of E-Loan Services
to Customers and to:  (a) monitor telephonic, electronic and other written and oral communications between E-Loan and Customers; (b)
review application, loan processing and loan files; and (c) review any files or records, whether written or in any other media,
relating to customer service, Customer comments or Customer complaints.  Schwab shall not retain any Customer Information
obtained pursuant to this section 3.6 except insofar as is reasonably necessary to evidence possible non-compliance by E-Loan under
this Agreement.  In the event that a dispute should arise between the parties under the Agreement that requires resolution under
section 12.13, the parties shall cooperate so as to mask any Customer-identifying data to be put before the arbitrator.  All such
monitoring and inspection activities shall comply with all applicable laws and regulations.

	Schwab Employee Discounts.  E-Loan shall provide employees of Schwab and its affiliates discounts on E-Loan
Services for an amount to be agreed upon by both parties.

	.  Schwab's Responsibilities

	Standard of Care.  Schwab shall conduct
its businesses and operations with diligence and care, in conformity with the highest levels of business and ethical standards and in
accordance with the terms of this Agreement. 
	False, Inaccurate and Misleading
Statements.  Schwab shall not make any claims, warranties or representations with respect to the Schwab Mortgage Website
or E-Loan Services which are false, inaccurate or misleading. 
	Document Review Rights.  Schwab shall
prepare and be responsible for the content of all communications with its clients (including Customers) and third parties;
provided, however, that prior to the distribution of any materials that mention E-Loan or the
Schwab Mortgage Website, Schwab shall provide E-Loan with an opportunity to review and shall obtain E-Loan's written consent, which
may be withheld in E-Loan's sole discretion, with respect to those portions of the communication that mention E-Loan or the Schwab
Mortgage Website. 

	.  Ownership and Exclusivity

	Ownership of Schwab Materials.  As
between E-Loan and Schwab, all right, title and interest in and to, and ownership of, all materials delivered by Schwab to E-Loan,
including all patent, copyright, trade secret and other intellectual property rights embodied therein, for the purpose of assisting
E-Loan in completing its obligations hereunder, including text, graphics, data, source code, flow charts, technical documentation,
marketing plans, domain names, trademarks, trade dress rights or other identifying symbols of Schwab (the "Schwab Materials")
will remain at all times exclusively in Schwab, and E-Loan will not acquire any right, title, or interest therein, and will not use
the Schwab Materials in any manner without first obtaining Schwab's express written consent to such use, which may be withheld at
Schwab's sole discretion. 
	Ownership of E-Loan Materials.  As
between Schwab and E-Loan, all right, title and interest in and to, and ownership of, all materials delivered by E-Loan to Schwab,
including all patent, copyright, trade secret and other intellectual property rights embodied therein, for the purpose of assisting
Schwab in completing its obligations hereunder, including text, graphics, data, source code, flow charts, technical documentation,
marketing plans, domain names, trademarks, trade dress rights or other identifying symbols of E-Loan (the "E-Loan Materials")
will remain at all times exclusively in E-Loan, and Schwab will not acquire any right, title, or interest
therein, and will not use the E-Loan Materials in any manner without first obtaining E-Loan's express written consent to such use,
which may be withheld at E-Loan's sole discretion. 
	Right to Own Customer Information.  As
between Schwab and E-Loan, each party shall retain ownership of the Customer Information (as hereinafter defined) that it
independently collects from its own respective customers during the term of this Agreement, which independent collection shall not be
deemed to include any information provided by any party hereto to the other.  Unless authorized by Schwab in writing, up to the point
where a prospective Customer begins filling out an application for a Mortgage Loan, E-Loan will not use or have any rights to any
information requested, collected or gathered on-line or otherwise from a prospective Customer who visits the Schwab Mortgage Website
or who otherwise contacts E-Loan, other than for the purposes of evaluating real estate loan applications. 
Further, E-Loan will not have any right to use the Customer Information in any advertising or promotional materials.  "Customer
Information" means all data information pertaining to or identifiable to a Customer, including, without limitation,
(i) name, address, zip code, phone number, social security number, birth date, e-mail address, passwords, personal financial
information, personal preferences, demographic data, marketing data, credit data or any other identification data, that itself
identifies or when tied to the above information, may identify a Customer; (ii) any information that reflects Customers',
prospects' or users' interactions with a party's website, including, but not limited to, information concerning computer search
paths, any profiles created or general usage data; or (iii) any data otherwise submitted in the process of registering for a
party's website (such as name, address, phone number and e-mail address) and data submitted during the course of using a party's
website.  However, each party may receive or use Customer Information for the purposes contemplated by this Agreement, and if either
party learns or obtains any Customer Information of the other party, such party will treat such Customer Information as proprietary
and confidential to the other party in accordance with Section 5.4 hereof, whether or not such Customer Information was
intentionally disclosed.  Subject to the Inspection Rights of Section 3.6, E-Loan shall not share with Schwab, and Schwab will
not have any rights to, any Customer Information not already in Schwab's possession that E-Loan receives in connection with a loan
application or any inquiry by a Customer about E-Loan's mortgage or other loan products or services, except to the extent a Customer
authorizes E-Loan to share such information with Schwab. 

	Treatment of Customer Information.  Without limiting any other warranty or obligation specified in this
Agreement, during the term of this Agreement and thereafter in perpetuity,  E-Loan will not gather, store, or use Schwab's Customer
Information in any manner and will not disclose, distribute, sell, share, rent or otherwise transfer any of Schwab's Customer
Information to any third party, except as such party may be expressly and reasonably directed to in advance in writing by Schwab.  E-
Loan represents, covenants, and warrants that it will collect, use and disclose Customer Information belonging to Schwab only in
compliance with Schwab's written instructions, including, without limitation, its privacy policies then in effect and all applicable laws (including, but not limited to policies and laws related to spamming, privacy and
consumer protection).  E-Loan hereby agrees to indemnify and hold harmless Schwab against any damages, losses, liabilities,
settlements and expenses (including, without limitation, costs and attorneys' fees) in connection with any claim or action that
arises from an alleged violation of the foregoing.  Nothing contained herein is intended to prevent E-Loan from making disclosures
about its customer base, provided that such information is presented as generalized aggregate information which does not allow for
the identification of any individual Customer.  E-Loan hereby agrees that it will make disclosures to Customers concerning its
customer privacy policies and, in particular, the sharing of customer information.  E-Loan will not disclose to any third party the
fact that a Customer (or group of Customers) is a Schwab client. 
	Exclusive Relationship.  During the term of this Agreement, E-Loan shall not enter
into any agreement whatsoever relating to providing of E-Loan Services with [*] or any of its respective affiliates ("Schwab
Competitor"). During the term of this Agreement, Schwab shall not enter into any agreement whatsoever relating to E-Loan
Services with [*] or any of their respective affiliates, successors and assigns ("E-Loan Competitors").   Subject to the other
provisions of this Agreement, nothing in this Section 5.5 shall prohibit E-Loan or Schwab from entering into any type of
relationship or agreement with any entity other than a Schwab Competitor or E-Loan Competitor, respectively. 
	Independent Development.
Nothing in this Agreement will limit Schwab's or its affiliates' right to develop and offer products and services that have
the same or similar functionality as the Schwab Mortgage Website, provided that Schwab does not use, infringe or misappropriate any
of E-Loan's intellectual property rights or Confidential Information.  Additionally, subject to Section 5.5, Schwab may obtain
services similar to the E-Loan Services from a third party at any time.

	.  License to Use Marks

	License to Use "Schwab Marks".  Subject
to all the terms and conditions of this Agreement, Schwab hereby grants E-Loan a nonexclusive, non-transferable, non-sublicensable
license to use the names, logos, trade names, trade marks and/or service marks of Schwab (collectively "Schwab Marks") solely
on the E-Loan Website and Schwab Mortgage Website, and solely in connection with the marketing and promotion of the E-Loan Services.
Schwab, in its sole discretion from time to time, may change the appearance and/or style of the Schwab Marks, provided that, unless required earlier by a court order or to avoid potential infringement liability, E-
Loan shall have fourteen (14) days' notice to implement any such changes.  E-Loan hereby acknowledges and agrees that (i) the Schwab
Marks are owned solely and exclusively by Schwab, (ii) except as set forth herein, E-Loan has no rights, title or interest in or to
the Schwab Marks and (iii) all use of the Schwab Marks by E-Loan shall inure to the benefit of Schwab.  E-Loan agrees not to apply
for registration of the Schwab Marks (or any mark confusingly similar thereto) anywhere in the world.  E-Loan agrees that it shall
not engage, participate or otherwise become involved in any activity or course of action that diminishes and/or tarnishes the image
and/or reputation of any Schwab Marks. 
	License to "E-Loan Marks".  Subject to
all the terms and conditions of this Agreement, E-Loan hereby grants Schwab a nonexclusive, non-transferable, non-sublicensable
license to use the names, logos, trade names, trade marks and/or service marks of E-Loan (collectively "E-Loan Marks") solely
on the Schwab Website and the Schwab Mortgage Website and in connection with the marketing and
distribution of information concerning the E-Loan Services to its clients.  E-Loan, in its sole discretion from time to time, may
change the appearance and/or style of the E-Loan Marks, provided that, unless required earlier by a court order or to avoid potential
infringement liability, Schwab shall have fourteen (14) days' notice to implement any such changes.  Schwab hereby acknowledges and
agrees that, (i) E-Loan has the right to use the E-Loan Marks, (ii) except as set forth herein, Schwab has no
rights, title or interest in or to the E-Loan Marks and (iii) all use of the E-Loan Marks by Schwab shall inure to the benefit of E-
Loan.  Schwab agrees not to apply for registration of the E-Loan Marks (or any mark confusingly similar thereto) anywhere in the
world.  Schwab agrees that it shall not engage, participate or otherwise become involved in any activity or course of action that
diminishes and/or tarnishes the image and/or reputation of any E-Loan Marks. 
	Ownership and Use of Marks.  Each party
acknowledges that the other has the right to use its respective Marks and agrees that it will take no action to challenge or
undermine that party's rights or title to its Marks anywhere in the world.  Each party acknowledges that all use of each Mark will
inure exclusively to the benefit of the respective owner of such Mark.  Each party will cooperate with the other's efforts to protect
and register its respective Marks.  The licenses granted in Section 6.1 and 6.2 hereof shall be subject to the following
additional terms and conditions:  

	each party shall obtain from the other approval in advance of the specific manner
and mode in which any Mark licensed under Section 6.1 and 6.2 hereof is used and presented (such as in an advertisement or
website);
	a party may only use the other's Mark in its standard form and style as used or
authorized in writing by such party; no other letter(s), word(s), design(s), symbol(s), or other matter of any kind will be
superimposed upon, associated with or shown in such proximity to a Mark so as to tend to alter or dilute
it, and each party specifically agrees not to combine or associate a Mark with any other Mark;
	in all advertisements, promotional literature or other printed matter in which the Mark appears, the Mark must be identified as a
Mark owned by the respective party, in a form and manner approved by the other party; in accordance with the foregoing, when used in
printed materials, the Mark will be footnoted upon its appearance with a legend that such Mark is a Mark or registered Mark of the
other party, as appropriate under the circumstances.
	neither party warrants or represents that the other's use of such Mark will not
infringe the rights of other persons.  In the event that either party is subject to any claim or action, or learns any facts that
make such a claim or action reasonably possible, it will notify the other and the parties will negotiate in good faith a solution,
including the adoption by a party of new names or marks to identify itself or its businesses in the
territories where problems exist.  All such new marks or names will be deemed a Mark for purposes of this Agreement; and
	each party will maintain the quality of the other's Mark in connection with its
usage and placement during the term of this Agreement in a manner consistent with industry practices.  Each party reserves the right
to monitor the services provided under this Agreement to assure compliance with the standards for the services associated with their
respective Marks.

	.  Indemnification

	Indemnification of Schwab.  E-Loan shall
indemnify, defend and hold harmless Schwab and its subsidiaries, affiliated entities, shareholders, representatives, predecessors,
beneficiaries, trustees, partners, joint venturers, successors and assigns, and their respective officers, directors, employees,
agents and attorneys (collectively, "Indemnified Parties") from and against any and all losses, liabilities, obligations, damages,
costs and expenses, whether known, unknown, contingent or inchoate, of any nature whatsoever, including, without limitation, actual
attorneys' fees, court costs and other expenses (collectively, "Losses") incurred by Indemnified Parties and shall defend Indemnified
Parties against any and all actions, causes of action, claims, demands, rights, suits, and proceedings (collectively, "Claims"),
without regard to the validity of such Claims, brought against Indemnified Parties, in connection with or as a result of:

	acts, representations, practices, or omissions relating to the E-Loan Services,
E-Loan's promotional materials or activities, or E-Loan's use of the Schwab Mark;  
	an allegation of any contractual, statutory, common law or equitable claim of any
kind or nature arising out of the marketing, sale, advertisement, distribution or provision of any E-Loan Services, including, but
not limited to, any claim by a Customer, or other private party or public agency or public official;
	any breach of any representations or warranties contained herein and any breach
or failure of E-Loan to perform any of its covenants or agreements set forth herein; 
	any claim that the promotional materials provided by E-Loan or the advertisements on the Schwab Websites or the Schwab Mortgage
Website by E-Loan infringe any of the proprietary rights of a third party or  violate any applicable international, national,
federal, state and municipal statutes, laws, decrees, rules, ordinances and regulations; 
	the violation by E-Loan of any federal, state, local or foreign law, rule or
regulation, including the rules and regulations of applicable self-regulatory agencies;
	any dishonest, fraudulent, negligent or criminal act or omission on the part of
E-Loan's officers, directors, partners, employees, contractors, or agents or customers, including, without limitation,
Customers;
	any complaints raised or losses asserted by any E-Loan customer, including,
without limitation, Customers; 
	the breach by E-Loan of any of its warranties, representations or covenants or
agreements in this Agreement;
	any statements, representations, claims or warranties made by E-Loan to its
customers, including, without limitation, the Customers, provided that the source of such statements, representations, claims or
warranties is not Schwab; or
	the infringement of any third party's intellectual property rights by Schwab
arising out of Schwab's use of E-Loan Materials in a manner authorized and approved by E-Loan. 

Further, E-Loan agrees to reimburse each Indemnified Party for any and all expenses (including the fees and disbursements of
counsel chosen by such Indemnified Party) as such expenses are reasonably incurred by such Schwab Indemnified Party in connection
with investigating, defending, settling, compromising or paying any such loss, claim, damage, liability, expense or action.  The
indemnity agreement set forth in this Section 7.1 will be in addition to any liabilities that E-Loan may otherwise have.

	Notifications and Other Indemnification
Procedures.  Promptly after receipt by Schwab under this Article VII of notice of the commencement of any action,
Schwab will, if a claim in respect thereof is to be made against E-Loan under this Article VII, notify E-Loan in writing of the commencement thereof, provided, however, to the extent it is not prejudiced as a
proximate result of such failure, the omission to notify E-Loan will not relieve E-Loan from any liability which it may have to
Schwab for contribution or otherwise than under the indemnity agreement contained in this Article VII.  In case any such action
is brought against Schwab and Schwab seeks or intends to seek indemnity from E-Loan, E-Loan will be entitled to participate in, and,
to the extent that it will elect by written notice delivered to Schwab promptly after receiving the aforesaid notice from Schwab, to
assume the defense thereof with counsel reasonably satisfactory to Schwab; provided, however, if the defendants in any
such action include both Schwab and E-Loan and Schwab will have reasonably concluded that a conflict may arise between the positions
of E-Loan and Schwab in conducting the defense of any such action or that there may be legal defenses available to it and/or other
Indemnified Parties which are different from or additional to those available to E-Loan, Schwab will have the right to select
separate counsel to assume such legal defenses and to otherwise participate in the defense of such action
on behalf of Schwab.  Upon receipt of notice from E-Loan to Schwab of the E-Loan's election so to assume the defense of such action
and approval by Schwab of counsel, E-Loan will not be liable to Schwab under this Article VII for any legal or other expenses
subsequently incurred by such Schwab in connection with the defense thereof unless (i) Schwab will have employed separate
counsel in accordance with the proviso to the next preceding sentence (it being understood, however, that E-Loan will not be liable
for the expenses of more than one separate counsel (together with local counsel), approved by E-Loan, representing Schwab who is a
party to such action) or (ii) E-Loan will not have employed counsel satisfactory to Schwab to represent Schwab within a
reasonable time after notice of commencement of the action, in each of which cases the fees and expenses of counsel will be at the
expense of E-Loan. 

	Settlements.  Under this Article VII, E-Loan will not be liable for any settlement of any proceeding effected
without its written consent, but if settled with such consent or if there be a final judgment for the plaintiff, E-Loan agrees to
indemnify Schwab against any loss, claim, damage, liability or expense by reason of such settlement or judgment.  Notwithstanding the
foregoing sentence, if at any time Schwab will have requested E-Loan to reimburse Schwab for fees and expenses of counsel as
contemplated by Section 7.2 hereof, E-Loan agrees that it will be liable for any settlement of any proceeding effected without
its written consent if (i) such settlement is entered into more than thirty (30) days after receipt by E-Loan of the aforesaid
request and (ii) E-Loan will not have reimbursed Schwab in accordance with such request prior to the date of such settlement.
E-Loan will not, without the prior written consent of Schwab, effect any settlement, compromise or consent to the entry of judgment
in any pending or threatened action, suit or proceeding in respect of which Schwab is or could have been a party and indemnity was or
could have been sought hereunder by Schwab, unless such settlement, compromise or consent includes an unconditional release of Schwab
from all liability on claims that are the subject matter of such action, suit or proceeding. 

	.  Compensation to Schwab

	Marketing Fee. In addition to the Warrant being provided by E-Loan to Schwab pursuant to section 8.2, E-Loan shall
pay the following to Schwab for its marketing services provided pursuant to the Agreement:

For the period between the Launch Date or June 1, 2000, whichever is later, of the Agreement and its first anniversary, the sum of
[*] Dollars  [*] payable in 12 equal monthly installments commencing on the Launch date and on the first day of each succeeding
month; 

For the period between the first anniversary of  the Launch Date, or June 1, 2001, whichever is later and its second
anniversary, the sum of [*] Dollars [*] payable in 12 equal monthly installments commencing on the first anniversary of the Launch
Date and on the first day of each succeeding month; 

For the period between the second anniversary of the Launch Date or June 1, 2002, whichever is later, and its third
anniversary, the sum of  [*] Dollars [*] payable in 12 equal monthly installments commencing on the second anniversary of the Launch
Date and on the first day of each succeeding month;  and

For the period between the third anniversary of the Launch Date or June 1, 2003, whichever is later, and the end of the term of
this Agreement, the sum of [*] Dollars [*] payable in 12 equal monthly installments commencing on third anniversary of the Launch
Date and on the first day of each succeeding month.

	Warrant. In consideration of Schwab's entering into this Agreement, E-Loan shall issue to Schwab  warrants, dated
the date hereof and in the forms attached hereto as Exhibit D-1, to purchase 6.5 million and 6.6 million shares, respectively, of E-
Loan's common stock.  The warrants shall be issued on the earlier of (a) the date of the closing of the sale of shares of E-Loan
common stock pursuant to the  Securities Purchase Agreement of even date, or (b) July 31, 2000.  At the time of the issuance of the
warrants, E-Loan will also enter into registration rights agreements with Schwab in essentially the form of the registration rights
agreements attached hereto as Exhibit D-2 (said warrants, the Securities Purchase Agreement and the registration rights agreements
are referred to collectively as the "Warrant").

	.  Representations, Warranties and Covenants

	Reciprocal Warranties.  Schwab and E-Loan each represent and warrant with respect to itself as follows:
(a) such party is duly organized, validly existing, in good standing under the laws of the state in which it is organized and
has the power and authority to carry on its business as it is now being conducted; (b) such party has the financial resources,
personnel and organizational resources to perform its obligations under this Agreement and will notify the other of any change in
such party's circumstances that would materially adversely impact its ability to perform its obligations under this Agreement;
(c) such party has full corporate power and authority to execute and deliver this Agreement and to consummate the transactions
contemplated hereby; (d) such party's board of directors or its authorized delegate(s) has duly and validly approved the
execution and delivery of this Agreement and the consummation of the transactions contemplated hereby; (e) no other corporate
proceedings on the part of such party are necessary to approve this Agreement and to consummate the transactions contemplated hereby,
(f) such party has not employed any broker or finder or incurred any liability for any broker's fees, commissions or finders
fees in connection with this Agreement; and (g) this Agreement has been duly executed and delivered on behalf of such party and
is a legal and binding obligation of such party enforceable against it in accordance with the terms and conditions of this Agreement,
except (i) as the same may be limited by bankruptcy, insolvency, reorganization or other laws or equitable principles relating
to or affecting the enforcement of creditors' rights and (ii) that the availability of equitable remedies, including specific
performance, is subject to general equitable principles applied at the discretion of a court. 

	Representations, Warranties and Covenants of E-Loan.  E-Loan represents and warrants to Schwab as follows:

	E-Loan conducts its business only (and solicits business from persons residing in, and whose real property collateral is located)
in states where, if licensure or registration is required, it is duly licensed or registered to do so.  A list of all of E-Loan's
licenses is attached as Exhibit E.  E-Loan will maintain all such licenses and registrations in full force and effect during the term
of this Agreement. 
	The execution, delivery and performance of this Agreement will not breach, violate, conflict with or result in a default (whether
after giving notice, lapse of time or both) under any contract or obligation to which E-Loan is a party.
	E-Loan will offer and provide its web-based services in accordance with applicable law and in a manner consistent with the
generally accepted technical standards and requirements of the World Wide Web and the Internet;
	there is no injunction, order, judgment or decree imposed upon E-Loan, action, suit or proceeding before any court or
governmental agency or body now pending, or, to the best knowledge of E-Loan, threatened against E-Loan which might result in any
adverse change in the financial condition or business of E-Loan which might adversely affect its properties or assets which might
prevent or have a material adverse effect on the transactions contemplated hereby; and
	at any time, and from time to time, during the term of this Agreement, E-Loan will execute and deliver such additional documents
or instruments, provide Schwab with such additional information and take such other actions as may be reasonably requested by Schwab
to carry out the intent and purposes of this Agreement.

	E-Loan's Year 2000 Representation.  Without limiting any other representation, warranty or obligation specified in
this Agreement, or in any other agreement, E-Loan expressly warrants to Schwab that the Schwab Mortgage Website and all services
furnished under this Agreement are, and at all times will be, Year 2000 Compliant (as hereinafter defined).  E-Loan further warrants
that in providing the Schwab Mortgage Website and other services to Schwab, all of E-Loan's information processing services are, and
at all times will be, Year 2000 Compliant.  "Year 2000 Compliant" means that the Schwab Mortgage Website and services operate
and (i) will correctly store, represent, and process (including sort) all dates (including single and multi-currency formulas
and leap year calculations), such that errors will not occur when the date being used is in the year 2000, or in a year preceding or
following the year 2000; and (ii) will not cause or result in an abnormal termination or ending.  E-Loan further warrants that
in providing the Schwab Mortgage Website and other services to Schwab, all of E-Loan's information processing services are, and at
all times will be, Year 2000 Compliant. 

	Schwab's Year 2000 Representation.  Without limiting any other representation, warranty or obligation specified in
this Agreement, or in any other agreement, Schwab expressly warrants to E-Loan that all services furnished by Schwab under this
Agreement are, and at all times will be, Year 2000 Compliant.  Schwab  further warrants that in providing such services, all of
Schwab's information processing services are, and at all times will be, Year 2000 Compliant. 

	.  Confidentiality and Non-Solicitation

	Definition of Confidential Information.  Each party agrees that all information supplied by one party to the other
(whether before, on or after the date hereof) including, without limitation, (a) any Customer Information, (b) source code,
prices, databases, hardware, software, programs, engine protocols, models, displays and manuals, including, without limitation, the
selection, coordination and arrangement of the contents thereof, and (c) any unpublished information concerning research
activities and plans, marketing or sales plans, pricing or pricing strategies, operational techniques, strategic plans, the identity
of Customers and Customer contacts, Customer data and unpublished financial information, including information concerning revenues,
profits and profit margins, will be deemed confidential and proprietary to the supplying party ("Confidential Information").

	Exclusions.  Confidential Information will not include any information or material, or any element thereof, whether
or not such information or material is Confidential Information for the purposes of this Agreement, to the extent any such
information or material, or any element thereof: 

	has been published or is published hereafter, unless such publication is a breach of this Agreement or a similar confidential
disclosure agreement;
	was already known to the receiving party prior to being disclosed by or obtained from the other party as evidenced by written
records kept in the ordinary course of business of, or by proof of actual use by, the receiving party;
	has been or is hereafter rightfully received by the receiving party from a third person without restriction or disclosure and
without breach of this Agreement; or
	has been independently developed by the receiving party as evidenced by the receiving party's written records kept in the
ordinary course of business.

It will be presumed that any Confidential Information in a receiving party's possession is not within exceptions (b), (c) or (d)
above, and the burden will be upon the receiving party to prove otherwise by records and documentation.

	Treatment of Confidential Information.  Each party recognizes the importance of the other's Confidential
Information.  In particular, each party recognizes and agrees that Confidential Information of the other is critical to their
respective businesses and that neither party would enter into this Agreement without assurance that such information and the value
thereof will be protected as provided in this Section 10.3 and elsewhere in this Agreement.  Accordingly, each party agrees as
follows: 

	each party will hold any and all Confidential Information it obtains in the strictest confidence and will use and permit the use
of Confidential Information solely for the purposes of this Agreement (the "Permitted Purposes");
	each party may disclose or provide access to its responsible employees, and may make copies of, Confidential Information only to
the extent reasonably necessary to carry out the Permitted Purposes;
	each party currently has, and in the future will maintain in effect and enforce, rules and policies to protect against access to,
use or disclosure of Confidential Information other than in accordance with this Agreement, including, without limitation, written
instruction to and agreements with employees and agents to ensure that such employees and agents protect the confidentiality of such
Confidential Information.  Each party will expressly instruct its employees and agents not to disclose Confidential Information to
third parties, including, without limitation, customers, subcontractors or consultants, without the other's prior written
consent;
	each party, at its own expense, will take all steps, including, without limitation, the initiation and prosecution of actions at
law or in equity, necessary or appropriate to prevent use or disclosure, and upon any unauthorized disclosure further unauthorized
disclosure or use of which it becomes aware, of any Confidential Information received or obtained by it, except as expressly
permitted by the terms of this Agreement;
	neither party will make any use whatsoever at any time of the other's Confidential Information, except as expressly authorized in
this Agreement; and
	each party will notify the other immediately of any unauthorized disclosure or use of Confidential Information of which it
becomes aware, and will cooperate with that party to protect all proprietary rights in, and ownership of, its Confidential
Information.

	Compelled Disclosures.  To the extent required by applicable law or by lawful order or requirement of a court or
governmental authority having competent jurisdiction over the receiving party, the receiving party may disclose Confidential
Information in accordance with such law, order or requirement, subject to the following conditions:  (a) as soon as possible
after becoming aware of such law, order or requirement and prior to disclosing Confidential Information or Customer Information
pursuant thereto, the receiving party will, to the extent permitted under applicable law, so notify the other party in writing and,
if permitted by law, the receiving party will provide the other party with notice not less than five (5) business days prior to the
required disclosure; (b) the receiving party will use reasonable efforts not to release Confidential Information or Customer
Information pending the outcome of any measures taken by the other party to contest, otherwise oppose or seek to limit such
disclosure by the receiving party and any subsequent disclosure or use of Confidential Information or Customer Information that may
result from such disclosure; and (c) the receiving party will cooperate with the other party regarding such measures.
Notwithstanding any such disclosure, the receiving party will not affect its obligations hereunder with respect to Confidential
Information or Customer Information so disclosed. 

	Return of Confidential Information.  Upon the disclosing party's written request or upon expiration or termination
of this Agreement for any reason, the receiving party will promptly: 

	return or destroy, at the disclosing party's option, all originals and copies of all documents and materials it has received
containing the disclosing party's information; and
	deliver or destroy, at the disclosing party's option, all originals and copies of all summaries, records, descriptions,
modifications, negatives, drawings, adoptions and other documents or materials, whether in writing or in machine-readable form,
prepared by the receiving party prepared under its direction or at its request from the documents and/or materials referred to in
subparagraph (a), and provide a written statement to the disclosing party certifying that all documents and materials referred to in
subparagraphs (a) and (b) have been delivered to the disclosing party or destroyed, as requested by the disclosing party.

	Solicitation of Schwab Customers.  During the term of this Agreement and continuing for the period set forth in the
immediately following sentence, E-Loan agrees not to and shall not (without Schwab's prior written consent), directly or indirectly,
target, solicit or otherwise communicate with Customers as such, on behalf of itself or any third party, including, but not limited
to, on behalf of entities that provide brokerage or financial services in direct competition with Schwab.  The obligations set forth
in the preceding sentence shall:  (i) continue in perpetuity with respect to targeting, solicitations and communications made on
behalf of third parties, and (ii) continue for a period of two (2) years after the termination of this Agreement with respect to
targeting, solicitations and/or communications made on behalf of E-Loan or its affiliates.  E-Loan agrees that, during the term of
this Agreement and in perpetuity thereafter, it will not use or sell to others lists containing information obtained in connection
with this Agreement about any Schwab clients.  The foregoing will not prohibit E-Loan from targeting, soliciting, or otherwise
communicating generally with E-Loan's clients, other than Customers, in a manner that does not mention, refer to, or otherwise allude
to Schwab, Customers, or Schwab clients, either directly or indirectly. 

	Non-Exclusive Equitable Remedy.  Each party acknowledges and agrees that due to the unique nature of Confidential
Information, including Customer Information, there can be no adequate remedy at law for any breach of its obligations hereunder, that
any such breach may allow a party or third parties to unfairly compete with the other party resulting in irreparable harm to such
party, and therefore, that upon any such breach or any threat thereof, each party will be entitled to appropriate equitable relief
from a court of competent jurisdiction in addition to whatever remedies either party may have at law or in equity before a panel of
arbitrators appointed in accordance with Section 12.13 hereof and to be indemnified by the other party from any loss or harm,
including, without limitation, lost profits and attorneys' fees, in connection with any breach or enforcement of such party's
obligations hereunder or the unauthorized use or release of any such Confidential Information.  Each party will notify the other in
writing immediately upon the occurrence of any such unauthorized release or other breach.  Any breach of this Article X will
constitute a material breach of this Agreement and, notwithstanding Section 11.3, hereof be grounds for immediate termination of this
Agreement at the exclusive discretion of the non-breaching party. 

	.  Termination

	Term.  This Agreement will be effective when signed by all parties (the "Effective Date") and will continue
in full force through and until the end of four (4) years after the Launch Date unless terminated earlier as set forth herein.

	Termination on Breach of Law.  If E-Loan is in material default under any rule, order, determination, ordinance or
law of any federal, state, local, foreign or self-regulatory authority and is not in good faith contesting such default, Schwab may
terminate this Agreement at any time thereafter.  If Schwab is in material default under any rule, order, determination, ordinance or
law of any federal, state, local, foreign or self-regulatory authority and such default materially impairs its ability to perform its
obligations hereunder, E-Loan may terminate this Agreement at any time thereafter. 

	Termination on Breach of Agreement.  If an Event of Default (as hereinafter defined) occurs under this Agreement,
and if, within thirty (30) days after the non-defaulting party has given the defaulting party notice of the Event of Default, the
defaulting party has not cured such default or, if the default cannot reasonably be cured within such time period, the non-defaulting
party may, at its option, terminate this Agreement at any time thereafter.  Each of the following will constitute an "Event of
Default" under this Agreement: 

	any party substantially fails to perform or observe any term, covenant or undertaking in this Agreement; or
	any party informs the other party of its intention not to perform or observe a term, covenant or undertaking of this Agreement;
or
	any warranty, representation or other statement made by or on behalf of one party and contained in this Agreement or in any other
document furnished in compliance with or in reference to this Agreement is on the date made, or later proves to be, false, misleading
or untrue in any material respect; or
	any party seeks protection under the United States Bankruptcy Code or similar protection from creditors, or bankruptcy,
receivership, insolvency, reorganization, dissolution, liquidation or other similar proceedings will be instituted by or against the
defaulting party and not dismissed; or
	E-Loan shall fail to give access to Schwab to E-Loan's records  pursuant to the provisions hereof to Schwab or its authorized
representatives for the purposes permitted hereunder; or  
	E-Loan shall fail to comply with any laws, regulations or, voluntary industry standards as provided in Article III or if any
governmental agency or other body, office or official vested with appropriate authority finds that the E-Loan or the E-Loan Services
do not comply with applicable law, regulations or standards; or
	E-Loan does not commence in good faith to provide E-Loan Services to Customers; or 
	Schwab, in good faith, determines that E-Loan is failing to provide adequate service to the Customers; or
	E-Loan is the subject of press or similar mass market media, which Schwab determines, in good faith, to be detrimental to
providing E-Loan Services or the use of the Mark; or
	E-Loan shall use the Schwab Marks in contravention of its license for use; or
	E-Loan undergoes a substantial change of management or a change in control (for purposes of this Section, "change of control"
shall mean (i)  the consummation of a merger or consolidation of the Company with or into another entity or any other corporate
reorganization, if more than 50% of the combined voting power of the continuing or surviving entity's securities outstanding
immediately after such merger, consolidation or other reorganization is owned by persons who were not stockholders of the Company
immediately prior to such merger, consolidation or other reorganization; or (ii)  the sale, transfer or other disposition of all or
substantially all of the Company's assets.)  A transaction shall not constitute a Change in Control if its sole purpose is to change
the state of the Company's incorporation or to create a holding company that will be owned in substantially the same proportions by
the persons who held the Company's securities immediately before such transaction; or
	E-Loan has made a material misrepresentation or has omitted to state a material fact necessary to make the statements not
misleading; 
	E-Loan shall breach any other agreement in effect between E-Loan on the one hand and Schwab on the other; or
	If prior to August 31, 2000, E-Loan has not received financing of at least Thirty Million Dollars ($30,000,000) pursuant to the
Securities Purchase Agreement of even date between E-Loan and Schwab or an affiliate of Schwab.

	Termination Based on Effectiveness of Marketing. E-Loan shall have the right to terminate the Agreement if in the
Second or Third Year, the number of pass-throughs by Customers (a pass-through being a visit to the Schwab Mortgage Website by a
Customer) does not exceed 50% of the following:

Second Year:[*]  pass-throughs

Third Year:[*]  pass-throughs

If  the minimum submitted pass-throughs set forth above are not exceeded in a year, Schwab and E-Loan will work in good faith to
seek to increase the number of pass-throughs.

	Effects of Termination.  Upon any termination of this Agreement: 

	notwithstanding the termination of this Agreement, the provisions set forth in Sections 1.4, 3.1, 3.2, 3.3, 4.1, 4.2, 5.1, 5.2,
5.3, 5.4, 6.3, Article VII, Section 8.2, Article IX, Article X, Sections 11.6, and Article XII (other than
Sections 12.1 and 12.18) shall survive and continue in perpetuity;
	no consideration or indemnity will be payable to E-Loan or Schwab either for loss of profit, goodwill, creation of clientele or
other like or unlike items, or for advertising costs, costs of samples or supplies, termination of employees, employees' salaries and
other like or unlike items;
	the parties will follow the procedures for return of Confidential Information set forth in Section 10.5 hereof; the licenses set
forth in Sections 6.1 and 6.2 hereof shall terminate and the parties will immediately cease use of the other parties' names
and marks, including any Mark associated with the respective links; and
	neither party will incur any liability whatsoever for any damage (including, without limitation, consequential damages), loss
(including, without limitation, loss of profit or goodwill) or expense (including, without limitation, advertising, technology costs
or personnel expenses) of any kind suffered by the other arising from or incidental to any termination of this Agreement which
complies with the terms of this Agreement whether or not such party is aware of any such damages, losses or expense.
	Notwithstanding the termination of this Agreement, Schwab shall be entitled to exercise its rights under the Warrant granted
pursuant to Section 8.2. 

	Transition Matters. Prior to the effective date of a termination of this Agreement, E-Loan shall timely and
completely perform its obligations hereunder. Upon notice of termination the parties shall negotiate in good faith a transition plan,
which shall provide for, among other things, the completion of those loan applications and loan transactions then in hand and in
process on the effective date of the termination, the closing of the hyperlinks between the Schwab Websites and the Schwab Mortgage
Website and the answering and redirection of telephone calls, e-mails or other communications seeking Schwab products.  

	.  Miscellaneous Provisions

	Board Seat.  In support of the marketing arrangement between Schwab and E-Loan created by this Agreement, E-Loan
shall nominate a representative of Schwab, to be designated by Schwab (subject to the consent of E-Loan, which consent shall not be
unreasonably withheld) to its Board of Directors for the duration of this Agreement.

	Disclosure of Relationship.  Subject to Sections 3.4, 4.3 and 12.3 hereof, each party may disclose the existence of
the relationship created under this Agreement to any third party. 

	Confidentiality of Terms and Results. Except as may be required by securities or other applicable law, neither
party may disclose any of the terms and conditions of this Agreement to any third party and each party agrees to seek confidential
treatment of the terms and conditions of this Agreement in any disclosure required by law.  The foregoing shall not prohibit a party
from announcing the existence (but not the terms) of the Agreement or the relationship. Furthermore, neither party may disclose to
any third party the results of operations and transactions contemplated by this Agreement. 

	Insurance.  E-Loan shall maintain throughout the term of this Agreement, in the amounts set forth, the following
insurance policies:

(a)Crime Insurance, including employee fidelity insurance and computer crime insurance,  insuring against dishonest,
fraudulent or criminal acts, including those acts, in a form and with limits sufficient to respond to E-Loan's indemnification to
Schwab under Section 7.1(f) of this Agreement, but in any event with limits of at least $10 million per occurrence;

(b)Professional Liability Insurance,  indemnifying E-Loan for its expenses and legal obligations arising out of claims
of negligence in its acts, representations, practices or omissions relating to its services, in a form and with limits sufficient to
respond to E-Loan's indemnification to Schwab under Section 7.1(a), (e), (g) and (i) of this Agreement,  but in any event with limits
of at least $10 million per occurrence and in the aggregate;

(c)Commercial General Liability (including Advertising Injury coverage), Automobile Liability,  and Umbrella Liability
Insurance;  in a form and with limits sufficient to respond to E-Loan's indemnification to Schwab under Section 7.1(b) and (g) of
this Agreement, but in any event with combined limits of at least $10 million per occurrence and in the aggregate; 

(d)Intellectual Property Liability Insurance, including coverage for copyright, trademark, and patent liability
coverage, in a form and with limits sufficient to respond to E-Loan's indemnification to Schwab under Section 7.1(d) and (j) of this
Agreement, but in any event with limits of at least $10 million per occurrence and in the aggregate;

(e)All other insurance which Schwab or E-Loan deems appropriate in order to respond to the indemnifications by E-Loan
to Schwab.

All such insurance policies shall be placed with insurer's having a then-current Best's Rating of at least "A-" and Financial Size
Category of at least "X".  Policies required under Section 12.4(c) shall name Schwab as an additional insured.  E-Loan will provide
evidence of policies, including all required renewals thereof, in the form of a Certificate of Insurance to Schwab at least 10 days
after to the commencement of this Agreement or to any insurance renewal.  Schwab will receive, upon its request, copies of any
insurance policy required herein.  At Schwab's request, any policy contained herein shall be endorsed to include provision giving
Schwab thirty-days written notice from the insurer prior to any cancellation, non-renewal, or material change to the policy.

E-Loan represents and warrants that it will maintain insurance policies as set forth in Sections 12.4 (a) through (e) which will
cover any claims or losses discovered or made within six (6) years following termination of this Agreement.

	Notices.  Until changed in accordance with the provisions of this Section 12.5, all notices, notifications, demands
and/or requests shall be provided to the parties at the addresses and at facsimile numbers listed in Exhibit F hereto.  Any notice,
notification, demand or request provided or permitted to be given under this Agreement must be in writing and will have been deemed
to have been properly given, unless explicitly stated otherwise, if sent by (a) Federal Express or other comparable overnight
Times New Roman, (b) approved or certified mail, postage prepaid, return receipt requested, (c) telecopy with confirmation during
normal business hours to the place of business of the recipient, or (d) personal delivery with a signed receipt.  All notices,
notifications, demands or requests so given will be deemed given and received (i) if mailed, seven (7) days after being
deposited in the mail, (ii) if sent via overnight Times New Roman, the next business day after being deposited, (iii) if
telecopied, the next business day after being telecopied, and (iv) if personally delivered, when delivered. 

	Application of Law; Venue.  THIS AGREEMENT AND THE APPLICATION OR INTERPRETATION HEREOF, WILL BE GOVERNED
EXCLUSIVELY BY THE LAWS OF THE STATE OF CALIFORNIA WITHOUT GIVING EFFECT TO PRINCIPLES OF CONFLICTS OF LAWS.  VENUE FOR ANY ACTION
RELATING TO THIS AGREEMENT WILL BE MAINTAINED IN SAN FRANCISCO COUNTY, CALIFORNIA. 

	Headings, Articles and Sections.  The headings in this Agreement are inserted for convenience only and do not
describe, interpret, define or limit the scope, extent or intent of this Agreement or any provision hereof.  Unless the context
requires otherwise, all references in this Agreement to Articles and/or Sections will be deemed to mean and refer to Articles and/or
Sections of this Agreement. 

	Independent Parties.  Nothing contained herein will be deemed to create or construed as creating a joint venture or
partnership between E-Loan and Schwab.  Neither E-Loan nor Schwab is hereto, by virtue of this Agreement or otherwise, authorized as
an agent or legal representative of the other.  Neither E-Loan nor Schwab has granted any right or authority to assume or to create
any obligation or responsibility, express or implied, on behalf of or in the name of the other or to bind it in any manner.  Further,
it is not the intention of this Agreement or of the parties hereto to confer a third party beneficiary right of action upon any third
party or entity whatsoever, and nothing hereinbefore or hereinafter set forth will be construed so as to confer upon any third party
or entity other than the parties hereto a right of action under this Agreement or in any manner whatsoever. 

	Amendments.  Notwithstanding anything else contained in this Agreement, this Agreement may be amended, supplemented
or restated only with the written consent of both parties. 

	Number and Gender.  Where the context so indicates, the masculine includes the feminine and the neuter, the neuter
includes the masculine and feminine and the singular includes the plural. 

	Counterparts.  This Agreement may be executed in multiple counterparts, each of which is considered an original and
will be binding upon the party who executed the same, but all of such counterparts will constitute the same agreement. 

	Attorneys Fees.  In the event of any arbitration, proceeding or other action between the parties arising out of
this Agreement, the prevailing party shall be entitled to recover actual attorneys' fees, costs and other fees and expenses incurred
in connection therewith.

	Arbitration. Any controversy with respect to this Agreement, whether arising before or after the Effective Date of
this Agreement, between or among any party will be resolved by arbitration.  Any arbitration under this Agreement will be conducted
in San Francisco, California before a mutually agreeable single arbitrator  chosen by the parties.  In the event that the parties
cannot agree on the choice of a single arbitrator, then each party shall submit the names of two neutral persons, either active
members of the State Bar of California or retired California or federal district court jurists who are willing and able to serve as
arbitrator, to the presiding judge of the Superior Court in and for the  City and County of  San Francisco who shall choose an
arbitrator from among the nominees.  The arbitration will not be administered by the American Arbitration Association but the
arbitrator shall follow the Commercial Arbitration Rules of the American Arbitration Association, then applying.  The award of the
arbitrator will be final and binding on the parties, and judgment upon the award rendered may be entered in any court, state or
federal, having jurisdiction.  This agreement to arbitrate does not entitle any party to arbitrate claims that would be barred by the
applicable statute of limitations if such claims were brought in a court of competent jurisdiction.  If at the time a demand for
arbitration is made, the claims sought to be arbitrated would have been barred by the relevant statute of limitations or other time
bar, any party may assert the relevant statute of limitations as a bar to the arbitration by applying to any court of competent
jurisdiction.  The failure to assert such bar by application to a court, however, will not preclude its assertion before the
arbitrator.  In the event that a Customer initiates an action against Schwab in another forum relating to an Indemnified Claim, then
E-Loan agrees to participate as a party in such forum and to be bound by the results thereof.

	Cooperation.  Each party agrees, to the extent called upon by the other to do so, to cooperate with the other party
with regard to matters relating to regulatory and compliance matters and threatened or pending litigation or arbitration against the
party with regard to activities conducted under this Agreement. 

	Severability.  If any provision of this Agreement is held to be illegal, invalid or unenforceable under present or
future laws effective during the term hereof, the legality, validity and enforceability of the remaining provisions of this Agreement
will not be affected thereby, and in lieu of such illegal, invalid or unenforceable provision, there will be added automatically as a
part of this Agreement a provision as similar in terms to such illegal, invalid or unenforceable provision as may be legal, valid and
enforceable. 

	Entire Agreement.  This Agreement and its exhibits (a) constitute the entire agreement between the parties
relating to the subject matter hereof, and (b) supersede all previous contracts and agreements between the parties hereto, both
oral and written. 

	Authorship.  This Agreement will not be construed in favor of or against either party by reason of the authorship
of any provisions hereof. 

	Force Majeure.  If either party cannot perform any of its obligations because of any act of God, accident, strike,
court order, fire, riot, war, or any other cause not within the party's control (a "Force Majeure Event"), then the non-
performing party will:  (a) immediately notify the other party; (b) take reasonable steps to resume performance as soon as
possible; and (c) not be considered in breach during the duration of the Force Majeure Event.  In the event a Force Majeure
Event continues for a period of seven (7) days, notwithstanding Section 11.1 hereof, Schwab may terminate this Agreement by providing
written notice to E-Loan to that effect.  In the event that by reason of a Force Majeure Event, a Schwab Website becomes inoperative
for more than 7 days, there shall be a prorated rebate of the monthly Marketing Fee provided in section 8.1 for the period beyond
said 7 days until the restoration of the Schwab Website.  In no event will a Force Majeure Event include breach of any year 2000
obligation or warranty in this Agreement, or failures of hardware or software of E-Loan. 

	Assignment.  Neither party may assign its rights or delegate its obligations hereunder without the express written
consent of the other party, which consent may not be unreasonably withheld, provided, however, that Schwab may assign this Agreement
and all of its rights and obligations hereunder to any Schwab Affiliate upon thirty (30) days prior notice to E-Loan so long as the
assignee agrees to abide by the terms and conditions of this Agreement.  For purposes of this Agreement, "Schwab Affiliate"
means legal entities which Charles Schwab & Co., Inc. controls, is controlled by, or is under common control with, where
"control" means the direct or indirect ownership of at least fifty percent (50%) of the outstanding equity of such entity.  This
Agreement will be binding upon and inure to the benefit of the parties hereto and their respective representatives, successors or
assigns.

IN WITNESS WHEREOF, this Agreement has been executed by the parties on the date first stated.

 

Charles Schwab & Co., Inc.E-LOAN, Inc.

("Schwab")("E-LOAN")

 

By:  /s/ Suzanne D. LyonsBy: /s/ Chris Larsen

Print Name:Print Name:

Title:  Title:  

Address:  Address:

 

 

EXHIBIT A

REAL ESTATE LENDING SERVICES BY E-LOAN

	Domestic Real Estate Purchase Financing

	Domestic Real Estate Refinancing

	Automatic Rate Search for best rate from over 70 Lenders and over 50,000 loan products

	Includes Closing Cost Estimates and Product Information

	Convenient electronic application via secure server

	Cash out Real Estate Equity

Domestic Home Equity Loans

Domestic Home Equity Lines of Credit

	E-Track - 24 hour information on Mortgage status

	On-Line "Chat" Feature - Instant online answers; Speak with an E-Loan representative online

	SPECIAL TOOLS TO MANAGE REAL ESTATE DEBT

	Rate Watch - Will e-mail consumer when target rate is available
	Loan Recommendations - Will make recommendations tailored to consumer's specific needs
	Buy vs. Rent Calculator
	Payment Calculator
	Amortization Calculator
	Access to online Credit Report
	Market Outlook piece, updated daily

	EDUCATIONAL AIDES

	Glossary of Real Estate Terms
	Home Finance 101 - Overview of Home Financing
	FAQ

	SPECIAL PRODUCTS

	Preapproval Loans
	Zero down loans
	No Closing Cost Loans
	Less than perfect credit options
	Avoid PMI with 80/10/10 combination loans
	Relocation loans, excluding Schwab employees

 

 

EXHIBIT B

PERFORMANCE STANDARDS

Web Site Performance and Standards

	E-Loan shall provide technical and service level documentation as requested by Schwab to maintain and service the Schwab
Links and to respond to inquiries from Customers regarding the Schwab Mortgage Website.  Such documentation may include, but is not
limited to, online service level commitments, standards, or goals; web availability; and E-Loan customer service practices relating
to outages and scheduled maintenance.
	E-Loan and Schwab shall agree to have business and technical contacts for access to the Schwab Mortgage Website.  These contacts
should be available (via phone or pager) within 30 minutes during Peak Hours (as defined below).  Prior to the launch date for the
web-based Schwab Links, the parties shall develop and agree to an appropriate escalation path for problem identification and
resolution.
	Subject to paragraph 5 of this Exhibit, the Schwab Mortgage Website shall be available 24 hours a day, 7 days a week, 365 days a
year, excluding scheduled maintenance.  E-Loan, however, shall not be responsible for connection and availability problems of
particular Customers due to Internet connection, Internet Service Provider, computer and network, or telecommunications problems
outside of E-Loan's control.
	Scheduled maintenance must occur during Off-Peak Hours and be communicated to Schwab within seven (7) days, and at least five (5)
business days, prior written notice.  Schwab must consent in advance to the scheduled maintenance times outside of Off-Peak Hours,
but may not unreasonably withhold, delay, or condition such consent.  For the purpose of this Exhibit, "Off-Peak Hours" shall mean
between the hours of 11:00 p.m. and 3:00 a.m. PST.  "Peak Hours" shall mean any time other than Off-Peak Hours.
	Overall availability of the Schwab Mortgage Website shall be 99%, not including scheduled maintenance, as calculated over any
calendar month.  The term "available" means being in a state where a Customer initiates a request and receives an error-free
response. Schwab Mortgage Website availability numbers shall be provided to Schwab on a monthly basis.
	The Schwab Mortgage Website's transaction response time, as determined over any calendar month, should be no more than 8 seconds
or as good as the transaction time for a competitive or similar product or offer.  Within 30 days after the signing of this
Agreement, the parties shall agree on an appropriate definition of transaction time that shall be used for performance
monitoring.
	E-Loan shall agree to maintain system capacity and infrastructure that provides Customers accessing the Schwab Mortgage Website
through the web-based Schwab Links the same performance levels as E-Loan's other customers.
	E-Loan shall agree to promptly contact Schwab's technical and business groups during an unplanned Outage.  For the purpose of
this Exhibit, an "Outage" is unanticipated center downtime due to application or network failure.  E-Loan shall provide contact
information (names/phone numbers/pagers) and in the event of an Outage shall be available to Schwab via phone or pager within 15
minutes during Peak Hours.
	During an outage, E-Loan shall use its best efforts to remedy the problem as quickly as possible.  In the event of a sustained
Outage of 30 minutes or longer and when practicable, E-Loan shall implement a mechanism for informing Customers of an Outage
situation and providing a consistent "click-flow" for Customers.  Within 30 days of the signing of this Agreement, E-Loan shall
submit such mechanism or page for Schwab's review and approval.
	All information transmitted between the Customer and the Schwab Mortgage Website shall use SSL (secure socket layer) technology
or other recognized standard providing comparable levels of security.  Subject to the confidentiality provisions of this Agreement
with reasonable advance notice and upon written request, Schwab shall have the right to perform a security assessment.
	Schwab may, from time to time, reasonably request enhancements or changes to the Schwab Mortgage Website for E-Loan to implement.
Such requests shall be given a "high priority" and be completed in a mutually agreed upon time frame, generally within 10 business
days.  Expenses for requested changes shall be allocated between the parties as mutually agreed upon at the time of the request.
	E-Loan shall notify and consult with Schwab prior to making any changes to the infrastructure, format, look and feel,
organization, or functionality of the Custom Pages that would be material to the Customer experience.  Such changes include, but not
are not limited to, alterations relating to the online account application process, online offering memoranda, order entry, and the
price and order allocation process.
	The Schwab Mortgage Website is subject to Schwab approval.  The "look and feel" of the Schwab Mortgage Website shall be
consistent with the Schwab Website, yet shall clearly signal that the Customer has entered the Schwab Mortgage Website and is no
longer at the Schwab Website.  

EXHIBIT C

REPORTING REQUIREMENTS

E-Loan shall provide a  written report with respect to Customers to Schwab on the following on a weekly basis:

	 Contacts/Applications/Loans Processing

	Number of unique click-throughs
	Number of applications received through the web
	Number of applications received by telephone
	Number of closed loans and average number of days to close
	Number of loans in the pipeline
	Percentage of loans approved/declined by reason

	Loan Characteristics

	Loan size per application
	Loan size per closed loan
	Loan product mix (for applications and closed loans) by (a) loan product; (b) refinance vs. purchase; and (c) lender selected

	Customer Satisfaction

	Average service response time
	Customer satisfaction with representatives
	Customer satisfaction surveys

	Customer Response Metrics

	Telephone response time

	Average hold time
	Abandoned calls
	Average talk time
	Total calls taken

	E-Mail response time

	Average response time
	Percentage of pre-drafted responses
	Percentage of specific responses

	Time for credit approval

	Basic Navigation/Usability Analysis

 

 

EXHIBIT D

D.1:  STOCK PURCHASE WARRANT to Purchase Shares of E-LOAN, Inc.

D.2:  STOCK PURCHASE WARRANT to Purchase Shares of E-LOAN, Inc.

D.3:  REGISTRATION RIGHTS AGREEMENT

D.1:  STOCK PURCHASE WARRANT to Purchase Shares of E-LOAN, Inc.

THIS WARRANT HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS.  NO SALE OR
DISPOSITION MAY BE EFFECTED WITHOUT (i) EFFECTIVE REGISTRATION STATEMENTS RELATED THERETO, (ii) AN OPINION OF COUNSEL OR
OTHER EVIDENCE, REASONABLY SATISFACTORY TO THE COMPANY, THAT SUCH REGISTRATIONS ARE NOT REQUIRED, (iii) RECEIPT OF NO-ACTION
LETTERS FROM THE APPROPRIATE GOVERNMENTAL AUTHORITIES, OR (iv) OTHERWISE COMPLYING WITH THE PROVISIONS OF SECTION 8 OF THIS
WARRANT.

STOCK PURCHASE WARRANT

To Purchase Shares of Common Stock of 

E-Loan, Inc.

THIS CERTIFIES that for value received, Charles Schwab & Co., Inc. and its assigns are entitled upon the terms and
subject to the conditions hereinafter set forth, at any time on or prior to 5 p.m. California time on the third anniversary of
the Date of Grant, but not thereafter, to subscribe for and purchase from E-Loan, Inc., a Delaware corporation (the
"Company"), Six Million Five Hundred Thousand (6,500,000) shares (the "Shares") of fully paid and nonassessable
Common Stock, $0.001 par value per share (as adjusted pursuant to Section 5 hereof (the "Common Stock")).  The
purchase price of one Share under this Warrant shall be $3.75 (such price and such other price as shall result, from time to time,
from the adjustments specified in Section 5 hereof is herein referred to as the "Warrant Price"), subject to the
provisions and upon the terms and conditions hereinafter set forth.  As used herein, the term "Date of Grant" shall mean
the Date of Grant listed on the signature page hereof.

	Exercise of Warrant.  Subject to Section 2 hereof, the purchase right represented by this Warrant may be exercised by
the holder hereof, in whole or in part, from time to time, at the election of the holder hereof, by (a) the surrender of this
Warrant (with the notice of exercise substantially in the form attached hereto as Exhibit A duly completed and executed) at the
principal office of the Company, in Dublin, California (or such other office or agency of the Company as it may designate by notice
in writing to the registered holder hereof at the address of such holder appearing on the books of the Company) and (b) the
payment of the exercise price (the Warrant Price multiplied by the number of Shares then being purchased) to the Company, (i) by
check or bank draft payable to the order of the Company, (ii) by wire transfer to an account designated by the Company (a
"Wire Transfer"), (iii)  by cancellation of indebtedness of the Company to the holder hereof of an amount equal to the
exercise price or (iv) by exercise of the right provided for in Section 10 hereof.  The person or persons in whose name(s) any
certificate(s) representing the Shares shall be issuable upon exercise of this Warrant shall be deemed to have become the holder(s)
of record of, and shall be treated for all purposes as the record holder(s) of, the Shares represented thereby (and such Shares shall
be deemed to have been issued) immediately prior to the close of business on the date or dates upon which this Warrant is exercised.
In the event of any exercise of the rights represented by this Warrant, certificates for the Shares so purchased shall be delivered
to the holder hereof or its designee as soon as possible and in any event within five days after such exercise and, unless this
Warrant has been fully exercised or expired, a new Warrant representing the portion of the Shares with respect to which this Warrant
shall not then have been exercised shall also be issued to the holder hereof as soon as possible and in any event within such five-
day period.  This Warrant is exchangeable, upon the surrender hereof by the registered holder at the above-mentioned office or agency
of the Company, for a new Warrant of like tenor.  The Company shall maintain at the above-mentioned office or agency a registry
showing the name and address of the registered holder of this Warrant.  This Warrant may be surrendered for exchange, transfer or
exercise, in accordance with its terms, at such office or agency of the Company, and the Company shall be entitled to rely in all
respects, prior to written notice to the contrary, upon such registry.

	Restrictions on Exercise.  Notwithstanding any other provision of this Warrant, this Warrant will be exercisable, in whole
or in part, for a cumulative total of up to 3,250,000 Shares (as adjusted pursuant to Section 5 hereof); provided that, any such
exercise is (i) on or after the first anniversary of the Date of Grant and (ii) only at such time as the average of the
last five closing prices per share of the Common Stock, as quoted on the Nasdaq National Market, as reported in The Wall Street
Journal, is equal to or greater than two dollars ($2.00) greater than the Warrant Price (the "Minimum Price").
Notwithstanding any other provision of this Warrant, this Warrant will be exercisable, in whole or in part, for all Shares subject to
this Warrant (an initial total of 6,500,000 (as adjusted pursuant to Section 5 hereof)) which have not been previously
exercised; provided that any such exercise is (i) on or after the second anniversary of the Date of Grant and (ii) only at
such time as the average of the last five closing prices per share of the Common Stock, as quoted on the Nasdaq National Market, as
reported in The Wall Street Journal, is equal to or greater than the Minimum Price.  In the event that the Common Stock is not
traded on the Nasdaq National Market, the Minimum Price will be calculated as the fair market value of the Common Stock (as
determined in accordance with Section 10(c)(ii)), plus two dollars ($2.00).

	Lock-up Period.  In connection with each Share acquired by a holder pursuant to the exercise of this Warrant, during the
period beginning on the date that such Share is acquired and ending one year thereafter, the holder agrees not to (x) offer, pledge,
sell or contract to sell the Share; sell any option or contract to purchase, purchase any option or contract to sell, grant any
option, right or warrant to purchase in connection with the Share; or otherwise transfer or dispose of, directly or indirectly, the
Share; or (y) enter into any swap or other arrangement that transfers all or a portion of the economic consequences associated with
the ownership of the Share (regardless of whether any transaction described in clause (x) or (y) is to be settled by the delivery of
the Share, in cash or otherwise), without the prior written consent of the Company; provided, however, that the provisions of this
Section 3 shall not apply to transactions between the holder, on the one hand, and any corporation, partnership, limited liability
company or any other entity which is wholly owned by or which wholly owns the Holder (each, an "Affiliate"), on the other
hand; provided that, such Affiliate agrees in writing to be bound by the terms of this Section 3 to the same extent as the
holder.

	Stock Fully Paid; Reservation of Shares; Taxes.  All Shares that may be issued upon the exercise of the rights represented
by this Warrant will, upon issuance pursuant to the terms and conditions herein, be fully paid and nonassessable, and free from all
taxes, liens and charges with respect to the issue thereof.  During the period within which the rights represented by this Warrant
may be exercised, the Company will at all times have authorized, and reserved for the purpose of the issue upon exercise of the
purchase rights evidenced by this Warrant, a sufficient number of shares of its Common Stock to provide for the exercise of the
rights represented by this Warrant.  Issuance of certificates for shares of Common Stock upon the exercise of this Warrant shall be
made without charge to the holder hereof for any issue or transfer tax or other incidental expense in respect of the issuance of such
certificate, all of which taxes and expenses shall be paid by the Company, and such certificates shall be issued in the name of the
holder of this Warrant or in such name or names as may be directed by the holder of this Warrant; provided, however, that in the
event certificates for shares of Common Stock are to be issued in a name other than the name of the holder of this Warrant, this
Warrant when surrendered for exercise shall be accompanied by an assignment form reasonably acceptable to the Company duly executed
by the holder hereof; and, provided further, that upon any transfer involved in the issuance or delivery of any certificates for
shares of Common Stock, the Company may require as a condition thereto, the payment of a sum sufficient to reimburse it for any
transfer tax incidental thereto.

	Adjustment of Warrant Price and Number of Shares.  The number and kind of securities purchasable upon the exercise of this
Warrant and the Warrant Price shall be subject to adjustment from time to time upon the occurrence of certain events, as
follows:

	Reclassification or Merger.  In case of any reclassification or change of securities of the class issuable upon exercise
of this Warrant (other than a change in par value, or from par value to no par value, or from no par value to par value, or as a
result of a subdivision or combination), or in case of any merger of the Company with or into another corporation (other than a
merger with another corporation in which the Company is the acquiring and the surviving corporation and which does not result in any
reclassification or change of outstanding securities issuable upon exercise of this Warrant), or in case of any sale of all or
substantially all of the assets of the Company, the Company, or such successor or purchasing corporation, as the case may be, shall
duly execute and deliver to the holder of this Warrant a new Warrant (in form and substance reasonably satisfactory to the  holder of
this Warrant), so that the holder of this Warrant shall have the right to receive, at a total purchase price not to exceed that
payable upon the exercise of the unexercised portion of this Warrant, and in lieu of the Shares theretofore issuable upon exercise of
this Warrant, the kind and amount of shares of stock, other securities, money and property receivable upon such reclassification,
change or merger by a holder of the number of Shares then purchasable under this Warrant.  Such new Warrant shall provide for
adjustments that shall be as nearly equivalent as may be practicable to the adjustments provided for in this Section 5.  The
provisions of this Section 5(a) shall similarly apply to successive reclassifications, changes, mergers and transfers.

	Subdivision or Combination of Shares.  If the Company at any time while this Warrant remains outstanding and unexpired
shall subdivide or combine its outstanding shares of Common Stock, the Warrant Price shall be proportionately decreased in the case
of a subdivision or increased in the case of a combination, effective at the close of business on the date the subdivision or
combination becomes effective.

	Stock Dividends and Other Distributions.  If the Company at any time while this Warrant is outstanding and unexpired shall
(i) pay a dividend with respect to Common Stock payable in Common Stock, or (ii) make any other distribution of Common
Stock with respect to Common Stock, then the Warrant Price shall be adjusted, from and after the date of determination of
shareholders entitled to receive such dividend or distribution, to that price determined by multiplying the Warrant Price in effect
immediately prior to such date of determination by a fraction (i) the numerator of which shall be the total number of shares of
Common Stock outstanding immediately prior to such dividend or distribution, and (ii) the denominator of which shall be the
total number of shares of Common Stock outstanding immediately after such dividend or distribution.

	Adjustment of Number of Shares.  Upon each adjustment in the Warrant Price pursuant to this Section 5, the number of
Shares purchasable hereunder shall be adjusted, to the nearest whole share, to the product obtained by multiplying the number of
Shares purchasable immediately prior to such adjustment in the Warrant Price by a fraction, the numerator of which shall be the
Warrant Price immediately prior to such adjustment and the denominator of which shall be the Warrant Price immediately
thereafter.

	Notice of Adjustments.

	Whenever the Warrant Price or the number of Shares purchasable hereunder shall be adjusted pursuant to Section 5 hereof, the
Company shall create a certificate signed by its president or chief financial officer setting forth, in reasonable detail, the event
requiring the adjustment, the amount of the adjustment, the method by which such adjustment was calculated, and the Warrant Price and
the number of Shares purchasable hereunder after giving effect to such adjustment, and shall cause copies of such certificate to be
mailed (without regard to Section 14 hereof, by first class mail, postage prepaid) to the holder of this Warrant at such
holder's last known address.
	If, at any time, the Company's Board of Directors approves any of the following:

	the declaration of any cash dividend on the Common Stock;
	the payment of any dividend payable in stock upon the Common Stock or any distribution (other than regular cash dividends) to the
holders of its Common Stock;
	offering subscription rights pro rata to the holders of its Common Stock for any additional shares of stock of any class or other
rights;
	sale of all or substantially all of the assets of the Company, a merger or consolidation of the Company with or into any other
corporation or corporations, or any other corporate reorganization, where the stockholders of the Company immediately prior to such
event do not retain more than a fifty percent (50%) interest in the surviving or successor entity; or
	a voluntary or involuntary dissolution, liquidation or winding up of the Company; then, in any one or more of said cases, the
Company shall give prior written notice (without regard to Section 14 hereof), by first-class mail, postage prepaid, addressed
to the registered holder of this Warrant at the address of such holder as shown on the books of the Company, of the date on which
(A) the books of the Company shall close or a record shall be taken for such dividend, distribution or subscription rights, or
(B) such reorganization, reclassification, consolidation, merger, sale, dissolution, liquidation or winding up shall take place,
as the case may be.  Such notice shall also specify the date as of which the holders of Common Stock of record shall participate in
such dividend, distribution or subscription rights, or shall be entitled to exchange their Common Stock for securities or other
property deliverable upon such reorganization, reclassification, consolidation, merger, sale, dissolution, liquidation or winding up,
as the case may be.  Such written notice shall be given at least twenty days prior to the action in question and not less than twenty
days prior to the record date or the date on which the Company's transfer books are closed in respect thereto.

	Fractional Shares.  No fractional shares of Common Stock will be issued in connection with any exercise hereunder, but in
lieu of such fractional shares the Company shall make a cash payment therefor based on the fair market value of the Common Stock on
the date of exercise as reasonably determined in accordance with Section 10(c).

	Compliance with Securities Act; Disposition of Warrant or Shares.

	Compliance with Securities Act.  The holder of this Warrant, by acceptance hereof, agrees that this Warrant, and the
Shares to be issued upon exercise hereof are being acquired for investment and that such holder will not offer, sell or otherwise
dispose of this Warrant, or any Shares except under circumstances which will not result in a violation of the Securities Act of 1933,
as amended (the "Act"), or any applicable state securities laws.  Upon exercise of this Warrant, unless the Shares being
acquired are registered under the Act and any applicable state securities laws or an exemption from such registration is available,
the holder hereof shall confirm in writing that the Shares so purchased are being acquired for investment and not with a view toward
distribution or resale in violation of the Act and shall confirm such other matters related thereto as may be reasonably requested by
the Company.  This Warrant and all Shares issued upon exercise of this Warrant (unless registered under the Act and any applicable
state securities laws) shall be stamped or imprinted with a legend in substantially the following form:

"THE SECURITIES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR
ANY STATE SECURITIES LAWS.  NO SALE OR DISPOSITION MAY BE EFFECTED WITHOUT (i) EFFECTIVE REGISTRATION STATEMENTS RELATED
THERETO, (ii) AN OPINION OF COUNSEL OR OTHER EVIDENCE, REASONABLY SATISFACTORY TO THE COMPANY, THAT SUCH REGISTRATIONS ARE NOT
REQUIRED, (iii) RECEIPT OF NO-ACTION LETTERS FROM THE APPROPRIATE GOVERNMENTAL AUTHORITIES, OR  (iv) OTHERWISE COMPLYING
WITH THE PROVISIONS OF SECTION 8 OF THE WARRANT UNDER WHICH THESE SECURITIES WERE ISSUED, DIRECTLY OR INDIRECTLY."

Said legend shall be removed by the Company, upon the request of a holder, at such time as the restrictions on the transfer of the
applicable security shall have terminated.  In addition, in connection with the issuance of this Warrant, the holder specifically
represents to the Company by acceptance of this Warrant as follows:

	The holder is aware of the Company's business affairs and financial condition, and has acquired information about the Company
sufficient to reach an informed and knowledgeable decision to acquire this Warrant.  The holder is acquiring this Warrant for its own
account for investment purposes only and not with a view to, or for the resale in connection with, any "distribution"
thereof in violation of the Act.
	The holder understands that this Warrant has not been registered under the Act in reliance upon a specific exemption therefrom,
which exemption depends upon, among other things, the bona fide nature of the holder's investment intent as expressed herein.
	The holder further understands that this Warrant must be held indefinitely unless subsequently registered under the Act and
qualified under any applicable state securities laws, or unless exemptions from registration and qualification are otherwise
available.  The holder is aware of the provisions of Rule 144, promulgated under the Act.

	Disposition of Warrant or Shares.  With respect to any offer, sale or other disposition of this Warrant or any Shares
acquired pursuant to the exercise of this Warrant prior to registration of such Warrant or Shares, the holder hereof agrees to give
written notice to the Company prior thereto, describing briefly the manner thereof, together with a written opinion of such holder's
counsel, or other evidence, if reasonably requested by the Company, to the effect that such offer, sale or other disposition may be
effected without registration or qualification (under the Act as then in effect or any applicable federal or state securities law
then in effect) of this Warrant or the Shares and indicating whether or not under the Act certificates for this Warrant or the Shares
to be sold or otherwise disposed of require any restrictive legend as to applicable restrictions on transferability in order to
ensure compliance with such law.  Promptly upon receiving such written notice and reasonably satisfactory opinion or other evidence,
if so requested, the Company, as promptly as practicable but no later than three (3) days after receipt of the written notice, shall
notify such holder that such holder may sell or otherwise dispose of this Warrant or such Shares, all in accordance with the terms of
the notice delivered to the Company.  If a determination has been made pursuant to this Section 8(b) that the opinion of counsel for
the holder or other evidence is not reasonably satisfactory to the Company, the Company shall so notify the holder promptly with
details thereof after such determination has been made.  Notwithstanding the foregoing, this Warrant or such Shares may, as to such
federal laws, be offered, sold or otherwise disposed of in accordance with Rule 144 or 144A under the Act, provided that the Company
shall have been furnished with such information as the Company may reasonably request to provide a reasonable assurance that the
provisions of Rule 144 or 144A have been satisfied.  Each certificate representing this Warrant or the Shares thus transferred
(except a transfer pursuant to Rule 144 or 144A) shall bear a legend as to the applicable restrictions on transferability in order to
ensure compliance with such laws, unless in the aforesaid opinion of counsel for the holder, such legend is not required in order to
ensure compliance with such laws.  The Company may issue stop transfer instructions to its transfer agent in connection with such
restrictions.

	No Rights as Shareholders.  No holder of this Warrant, as such, shall be entitled to vote or receive dividends or be
deemed the holder of Shares, nor shall anything contained herein be construed to confer upon the holder of this Warrant, as such, any
of the rights of a shareholder of the Company or any right to vote for the election of directors or upon any matter submitted to
shareholders at any meeting thereof, or to receive notice of meetings, or to receive dividends or subscription rights or otherwise
until this Warrant shall have been exercised and the Shares purchasable upon the exercise hereof shall have become deliverable, as
provided herein.

	Right to Convert Warrant into Stock;  Net Issuance.

	Right to Convert.  In addition to and without limiting the rights of the holder under the terms of this Warrant, the
holder, subject the limitations of Section 2, shall have the right to convert this Warrant or any portion thereof (the "Conversion
Right") into shares of Common Stock as provided in this Section 10 at any time or from time to time during the term of this Warrant.
Upon exercise of the Conversion Right with respect to a particular number of shares subject to this Warrant (the "Converted Warrant
Shares"), the Company shall deliver to the holder (without payment by the holder of any exercise price or any cash or other
consideration) (X) that number of shares of fully paid and nonassessable Common Stock equal to the quotient obtained by dividing the
value of this Warrant (or the specified portion hereof) on the Conversion Date (as defined in subsection (b) hereof), which value
shall be determined by subtracting (A) the aggregate Warrant Price of the Converted Warrant Shares immediately prior to the exercise
of the Conversion Right from (B) the aggregate fair market value of the Converted Warrant Shares issuable upon exercise of this
Warrant (or the specified  portion hereof) on the Conversion Date (as herein defined) by (Y) the fair market value of one share of
Common Stock on the Conversion Date (as herein defined).

Expressed as a formula, such conversion shall be computed as follows:

X =   B - A  

  Y

Where:X  =the number of shares of Common Stock that may be issued to holder

Y  =the fair market value (FMV) of one share of Common Stock

A  =the aggregate Warrant Price (i.e., Converted Warrant Shares x Warrant Price)

B  =the aggregate FMV (i.e., FMV x Converted Warrant Shares)

No fractional shares shall be issuable upon exercise of the Conversion Right, and, if the number of shares to be issued determined
in accordance with the foregoing formula is other than a whole number, the Company shall pay to the holder an amount in cash equal to
the fair market value (as determined in accordance with Section 10(c)) of the resulting fractional share on the Conversion Date (as
hereinafter defined). 

	Method of Exercise.  The Conversion Right may be exercised by the holder by the surrender of this Warrant at the principal
office of the Company together with a written statement specifying that the holder thereby intends to exercise the Conversion Right
and indicating the number of shares subject to this Warrant which are being surrendered (referred to in Section 10(a) hereof as the
Converted Warrant Shares) in exercise of the Conversion Right.  Such conversion shall be effective upon receipt by the Company of
this Warrant together with the aforesaid written statement, or on such later date as is specified therein (the "Conversion Date").
Certificates for the shares issuable upon exercise of the Conversion Right and, if applicable, a new warrant evidencing the balance
of the shares remaining subject to this Warrant, shall be issued as of the Conversion Date and shall be delivered to the holder
within five days following the Conversion Date.

	Determination of Fair Market Value.  "Fair market value" of a share of Common Stock as of a particular date (the
"Determination Date") shall mean:

	The average of the closing  prices (as listed on the Nasdaq National Market and reported in The  Wall Street
Journal) of the Common Stock over the ten-day period ending on the last trading day of the Common Stock prior to the
Determination Date and including such last trading day as one of the ten days; and
	If there is no public market for the Common Stock, then fair market value shall be determined by mutual agreement of the holder
of this Warrant and the Company.

	Representations and Warranties.  The Company represents and warrants to the holder of this Warrant as follows:

	This Warrant has been duly authorized and executed by the Company and is a valid and binding obligation of the Company
enforceable in accordance with its terms, subject to laws of general application relating to bankruptcy, insolvency and the relief of
debtors and the rules of law or principles at equity governing specific performance, injunctive relief and other equitable
remedies;
	The Shares have been duly authorized and reserved for issuance by the Company and, when issued in accordance with the terms
hereof will be validly issued, fully paid and non-assessable;
	The rights, preferences, privileges and restrictions granted to or imposed upon the Shares and the holders thereof are as set
forth in the Company's Certificate of Incorporation, as amended to the Date of the Grant, a true and complete copy of which has been
delivered to the original holder of this Warrant;
	The execution and delivery of this Warrant are not, and the issuance of the Shares upon exercise of this Warrant in accordance
with the terms hereof will not be, inconsistent with the Company's Charter or by-laws, do not and will not contravene any law,
governmental rule or regulation, judgment or order applicable to the Company, and do not and will not conflict with or contravene any
material provision of, or constitute a default under, any material indenture, mortgage, contract or other instrument of which the
Company is a party or by which it is bound or require the consent or approval of, the giving of notice to, the registration or filing
with or the taking of any action in respect of or by, any Federal, state or local government authority or agency or other person,
except for the filing of notices pursuant to federal and state securities laws, which filings will be effected by the time required
thereby;
	There are no actions, suits, audits, investigations or proceedings pending or, to the knowledge of the Company, threatened
against the Company in any court or before any governmental commission, board or authority which, if adversely determined, will have
a material adverse effect on the ability of the Company to perform its obligations under this Warrant; and

	Covenants as to Common Stock.

	Listings.  The Company shall promptly secure the listing of the Shares issuable upon exercise of this Warrant upon each
national securities exchange or automated quotation system, if any, upon which shares of Common Stock are then listed (subject to
official notice of issuance upon exercise of this Warrant) and shall maintain, so long as any other shares of Common Stock shall be
so listed, such listing of all shares of Common Stock from time to time issuable upon the exercise of this Warrant; and the Company
shall so list on each national securities exchange or automated quotation system, as the case may be, and shall maintain such listing
of, any other shares of capital stock of the Company issuable upon the exercise of this Warrant if and so long as any shares of the
same class shall be listed on such national securities exchange or automated quotation system.

	Good Faith.  The Company will not, by amendment of its Certificate of Incorporation or through any reorganization,
transfer of assets, consolidation, merger, dissolution, issue or sale of securities, or any other voluntary action, avoid or seek to
avoid the observance or performance of any of the terms to be observed or performed by it hereunder, but will at all times in good
faith assist in the carrying out of all of the provisions of this Warrant and in the taking of all such action as may reasonably be
requested by the holder of this Warrant in order to protect the exercise privilege of the holder of this Warrant against dilution or
other impairment, consistent with the tenor and purpose of this Warrant.  The Company (i) will not increase the par value of any
shares of Common Stock receivable upon the exercise of this Warrant above the Warrant Price then in effect and (ii) will take
all such actions as may be necessary or appropriate in order that the Company may validly and legally issue fully paid and
nonassessable shares of Common Stock upon the exercise of this Warrant.

	Waivers and Amendments.  This Warrant and any provision hereof may be changed, waived, discharged or terminated only by an
instrument in writing signed by the party against which enforcement of the same is sought.

	Notices.  Any notice, request, communication or other document required or permitted to be given or delivered to the
holder hereof or the Company shall be delivered, or shall be sent by certified or registered mail, postage prepaid, to each such
holder at its address as shown on the books of the Company or to the Company at the address indicated therefor on the signature page
of this Warrant.

	Binding Effect on Successors.  This Warrant shall be binding upon any corporation succeeding the Company by merger,
consolidation or acquisition of all or substantially all of the Company's assets, and all of the covenants and agreements of the
Company shall inure to the benefit of the successors and assigns of the holder hereof.

	Loss, Theft, Destruction or Mutilation of Warrants or Stock Certificates.  The Company covenants to the holder hereof
that, upon receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Warrant
or any stock certificate and, in the case of any such loss, theft or destruction, upon receipt of an indemnity reasonably
satisfactory to the Company, or in the case of any such mutilation upon surrender and cancellation of such Warrant or stock
certificate, the Company will make and deliver a new Warrant or stock certificate, of like tenor, in lieu of the lost, stolen,
destroyed or mutilated Warrant or stock certificate.

	Descriptive Headings.  The descriptive headings of the several paragraphs of this Warrant are inserted for convenience
only and do not constitute a part of this Warrant.  The language in this Warrant shall be construed as to its fair meaning without
regard to which party drafted this Warrant.

	Governing Law.  This Warrant shall be construed and enforced in accordance with, and the rights of the parties shall be
governed by, the laws of the State of California.

	Survival of Representations, Warranties and Agreements.  All representations and warranties of the Company and the holder
hereof contained herein shall survive the Date of Grant, the exercise or conversion of this Warrant (or any part hereof) or the
termination or expiration of rights hereunder.  All agreements of the Company and the holder hereof contained herein shall survive
indefinitely until, by their respective terms, they are no longer operative.

	Remedies.  In case any one or more of the covenants and agreements contained in this Warrant shall have been breached, the
holders hereof (in the case of a breach by the Company), or the Company (in the case of a breach by a holder), may proceed to protect
and enforce their or its rights either by suit in equity and/or by action at law, including, but not limited to, an action for
damages as a result of any such breach and/or an action for specific performance of any such covenant or agreement contained in this
Warrant.

	No Impairment of Rights.  The Company will not, by amendment of its Charter or through any other means, avoid or seek to
avoid the observance or performance of any of the terms of this Warrant, but will at all times in good faith assist in the carrying
out of all such terms and in the taking of all such action as may be necessary or appropriate in order to protect the rights of the
holder of this Warrant against impairment.

	Severability.  The invalidity or unenforceability of any provision of this Warrant in any jurisdiction shall not affect
the validity or enforceability of such provision in any other jurisdiction, or affect any other provision of this Warrant, which
shall remain in full force and effect.

	Recovery of Litigation Costs.  If any legal action or other proceeding is brought for the enforcement of this Warrant, or
because of an alleged dispute, breach, default, or misrepresentation in connection with any of the provisions of this Warrant, the
successful or prevailing party or parties 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 or they may be entitled.

	Entire Agreement; Modification.  This Warrant constitutes the entire agreement between the parties pertaining to the
subject matter contained in it and supersedes all prior and contemporaneous agreements, representations, and undertakings of the
parties, whether oral or written, with respect to such subject matter.

E-Loan, Inc.

 

 

By:

Title:

Address:5875 Arnold Road

Dublin, CA  94568

Date of Grant:  April 25, 2000

Agreed to and Accepted by:

Charles Schwab & Co., Inc.

 

 

By:________________________________________

Title:  Executive Vice President

           and Chief Financial Officer

 

EXHIBIT A

NOTICE OF EXERCISE

 

To:  E-Loan, Inc.

(1)The undersigned hereby elects to purchase ____________ shares of Common Stock of E-Loan, Inc. pursuant to the terms of the
attached Warrant, and tenders herewith payment of the purchase price in full, together with all applicable transfer taxes, if
any.

(1)Please issue a certificate or certificates representing said shares of Common Stock in the name of the undersigned or
in such other name as is specified below:

___________________________

(Name)

___________________________

(Address)

The undersigned represents that the aforesaid shares of Common Stock

(Date)

(Signature)

 

 

 

D.2:  STOCK PURCHASE WARRANT to Purchase Shares of E-LOAN, Inc.

THIS WARRANT HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES
LAWS.  NO SALE OR DISPOSITION MAY BE EFFECTED WITHOUT (i) EFFECTIVE REGISTRATION STATEMENTS RELATED THERETO, (ii) AN
OPINION OF COUNSEL OR OTHER EVIDENCE, REASONABLY SATISFACTORY TO THE COMPANY, THAT SUCH REGISTRATIONS ARE NOT REQUIRED,
(iii) RECEIPT OF NO-ACTION LETTERS FROM THE APPROPRIATE GOVERNMENTAL AUTHORITIES, OR (iv) OTHERWISE COMPLYING WITH THE
PROVISIONS OF SECTION 6  OF THIS WARRANT.

STOCK PURCHASE WARRANT

To Purchase Shares of Common Stock of 

E-Loan, Inc.

THIS CERTIFIES that for value received, Charles Schwab & Co., Inc. and its assigns are entitled upon the terms and
subject to the conditions hereinafter set forth, at any time on or prior to 5 p.m. California time on July 25, 2003 (the 39-
month anniversary of the Date of Grant), but not thereafter, to subscribe for and purchase from E-Loan, Inc., a Delaware corporation
(the "Company"), Six Million Six Hundred Thousand (6,600,000) shares (the "Shares") of fully paid and
nonassessable Common Stock, $0.001 par value per share (as adjusted pursuant to Section 3 hereof (the "Common
Stock")).  The purchase price of one Share under this Warrant shall be $15.00 per share (such price and such other price as
shall result, from time to time, from the adjustments specified in Section 3 hereof is herein referred to as the "Warrant
Price"), subject to the provisions and upon the terms and conditions hereinafter set forth.  As used herein, the term "Date
of Grant" shall mean the Date of Grant listed on the signature page hereof.

	Exercise of Warrant.  The purchase right represented by this Warrant may be exercised by the holder hereof, in whole or in
part, at any time and from time to time, at the election of the holder hereof, by (a) the surrender of this Warrant (with the
notice of exercise substantially in the form attached hereto as Exhibit A duly completed and executed) at the principal office
of the Company, in Dublin, California (or such other office or agency of the Company as it may designate by notice in writing to the
registered holder hereof at the address of such holder appearing on the books of the Company) and (b) the payment of the
exercise price (the Warrant Price multiplied by the number of Shares then being purchased) to the Company, (i) by check or bank
draft payable to the order of the Company, (ii) by wire transfer to an account designated by the Company (a "Wire
Transfer"), (iii)  by cancellation of indebtedness of the Company to the holder hereof of an amount equal to the exercise
price or (iv) by exercise of the right provided for in Section 8 hereof.  The person or persons in whose name(s) any certificate(s)
representing the Shares shall be issuable upon exercise of this Warrant shall be deemed to have become the holder(s) of record of,
and shall be treated for all purposes as the record holder(s) of, the Shares represented thereby (and such Shares shall be deemed to
have been issued) immediately prior to the close of business on the date or dates upon which this Warrant is exercised.  In the event
of any exercise of the rights represented by this Warrant, certificates for the Shares so purchased shall be delivered to the holder
hereof or its designee as soon as possible and in any event within five days after such exercise and, unless this Warrant has been
fully exercised or expired, a new Warrant representing the portion of the Shares with respect to which this Warrant shall not then
have been exercised shall also be issued to the holder hereof as soon as possible and in any event within such five-day period.  This
Warrant is exchangeable, upon the surrender hereof by the registered holder at the above-mentioned office or agency of the Company,
for a new Warrant of like tenor.  The Company shall maintain at the above-mentioned office or agency a registry showing the name and
address of the registered holder of this Warrant.  This Warrant may be surrendered for exchange, transfer or exercise, in accordance
with its terms, at such office or agency of the Company, and the Company shall be entitled to rely in all respects, prior to written
notice to the contrary, upon such registry.

	Stock Fully Paid; Reservation of Shares; Taxes.  All Shares that may be issued upon the exercise of the rights represented
by this Warrant will, upon issuance pursuant to the terms and conditions herein, be fully paid and nonassessable, and free from all
taxes, liens and charges with respect to the issue thereof.  During the period within which the rights represented by this Warrant
may be exercised, the Company will at all times have authorized, and reserved for the purpose of the issue upon exercise of the
purchase rights evidenced by this Warrant, a sufficient number of shares of its Common Stock to provide for the exercise of the
rights represented by this Warrant.  Issuance of certificates for shares of Common Stock upon the exercise of this Warrant shall be
made without charge to the holder hereof for any issue or transfer tax or other incidental expense in respect of the issuance of such
certificate, all of which taxes and expenses shall be paid by the Company, and such certificates shall be issued in the name of the
holder of this Warrant or in such name or names as may be directed by the holder of this Warrant; provided, however, that in the
event certificates for shares of Common Stock are to be issued in a name other than the name of the holder of this Warrant, this
Warrant when surrendered for exercise shall be accompanied by an assignment form reasonably acceptable to the Company duly executed
by the holder hereof; and, provided further, that upon any transfer involved in the issuance or delivery of any certificates for
shares of Common Stock, the Company may require as a condition thereto, the payment of a sum sufficient to reimburse it for any
transfer tax incidental thereto.

	Adjustment of Warrant Price and Number of Shares.  The number and kind of securities purchasable upon the exercise of this
Warrant and the Warrant Price shall be subject to adjustment from time to time upon the occurrence of certain events, as
follows:

	Reclassification or Merger.  In case of any reclassification or change of securities of the class issuable upon exercise
of this Warrant (other than a change in par value, or from par value to no par value, or from no par value to par value, or as a
result of a subdivision or combination), or in case of any merger of the Company with or into another corporation (other than a
merger with another corporation in which the Company is the acquiring and the surviving corporation and which does not result in any
reclassification or change of outstanding securities issuable upon exercise of this Warrant), or in case of any sale of all or
substantially all of the assets of the Company, the Company, or such successor or purchasing corporation, as the case may be, shall
duly execute and deliver to the holder of this Warrant a new Warrant (in form and substance reasonably satisfactory to the  holder of
this Warrant), so that the holder of this Warrant shall have the right to receive, at a total purchase price not to exceed that
payable upon the exercise of the unexercised portion of this Warrant, and in lieu of the Shares theretofore issuable upon exercise of
this Warrant, the kind and amount of shares of stock, other securities, money and property receivable upon such reclassification,
change or merger by a holder of the number of Shares then purchasable under this Warrant.  Such new Warrant shall provide for
adjustments that shall be as nearly equivalent as may be practicable to the adjustments provided for in this Section 3.  The
provisions of this Section 3(a) shall similarly apply to successive reclassifications, changes, mergers and transfers.

	Subdivision or Combination of Shares.  If the Company at any time while this Warrant remains outstanding and unexpired
shall subdivide or combine its outstanding shares of Common Stock, the Warrant Price shall be proportionately decreased in the case
of a subdivision or increased in the case of a combination, effective at the close of business on the date the subdivision or
combination becomes effective.

	Stock Dividends and Other Distributions.  If the Company at any time while this Warrant is outstanding and unexpired shall
(i) pay a dividend with respect to Common Stock payable in Common Stock, or (ii) make any other distribution of Common
Stock with respect to Common Stock, then the Warrant Price shall be adjusted, from and after the date of determination of
shareholders entitled to receive such dividend or distribution, to that price determined by multiplying the Warrant Price in effect
immediately prior to such date of determination by a fraction (i) the numerator of which shall be the total number of shares of
Common Stock outstanding immediately prior to such dividend or distribution, and (ii) the denominator of which shall be the
total number of shares of Common Stock outstanding immediately after such dividend or distribution.

	Adjustment of Number of Shares.  Upon each adjustment in the Warrant Price pursuant to this Section 3, the number of
Shares purchasable hereunder shall be adjusted, to the nearest whole share, to the product obtained by multiplying the number of
Shares purchasable immediately prior to such adjustment in the Warrant Price by a fraction, the numerator of which shall be the
Warrant Price immediately prior to such adjustment and the denominator of which shall be the Warrant Price immediately
thereafter.

	Notice of Adjustments.

	Whenever the Warrant Price or the number of Shares purchasable hereunder shall be adjusted pursuant to Section 3 hereof, the
Company shall create a certificate signed by its president or chief financial officer setting forth, in reasonable detail, the event
requiring the adjustment, the amount of the adjustment, the method by which such adjustment was calculated, and the Warrant Price and
the number of Shares purchasable hereunder after giving effect to such adjustment, and shall cause copies of such certificate to be
mailed (without regard to Section 12 hereof, by first class mail, postage prepaid) to the holder of this Warrant at such
holder's last known address.
	If, at any time, the Company's Board of Directors approves any of the following:

	the declaration of any cash dividend on the Common Stock;
	the payment of any dividend payable in stock upon the Common Stock or any distribution (other than regular cash dividends) to the
holders of its Common Stock;
	offering subscription rights pro rata to the holders of its Common Stock for any additional shares of stock of any class or other
rights;
	sale of all or substantially all of the assets of the Company, a merger or consolidation of the Company with or into any other
corporation or corporations, or any other corporate reorganization, where the stockholders of the Company immediately prior to such
event do not retain more than a fifty percent (50%) interest in the surviving or successor entity; or
	a voluntary or involuntary dissolution, liquidation or winding up of the Company;

then, in any one or more of said cases, the Company shall give prior written notice (without regard to Section 12 hereof), by
first-class mail, postage prepaid, addressed to the registered holder of this Warrant at the address of such holder as shown on the
books of the Company, of the date on which (A) the books of the Company shall close or a record shall be taken for such
dividend, distribution or subscription rights, or (B) such reorganization, reclassification, consolidation, merger, sale,
dissolution, liquidation or winding up shall take place, as the case may be.  Such notice shall also specify the date as of which the
holders of Common Stock of record shall participate in such dividend, distribution or subscription rights, or shall be entitled to
exchange their Common Stock for securities or other property deliverable upon such reorganization, reclassification, consolidation,
merger, sale, dissolution, liquidation or winding up, as the case may be.  Such written notice shall be given at least twenty days
prior to the action in question and not less than twenty days prior to the record date or the date on which the Company's transfer
books are closed in respect thereto.

	Fractional Shares.  No fractional shares of Common Stock will be issued in connection with any exercise hereunder, but in
lieu of such fractional shares the Company shall make a cash payment therefor based on the fair market value of the Common Stock on
the date of exercise as reasonably determined in accordance with Section 8(c).

	Compliance with Securities Act; Disposition of Warrant or Shares.

	Compliance with Securities Act.  The holder of this Warrant, by acceptance hereof, agrees that this Warrant, and the
Shares to be issued upon exercise hereof are being acquired for investment and that such holder will not offer, sell or otherwise
dispose of this Warrant, or any Shares except under circumstances which will not result in a violation of the Securities Act of 1933,
as amended (the "Act"), or any applicable state securities laws.  Upon exercise of this Warrant, unless the Shares being
acquired are registered under the Act and any applicable state securities laws or an exemption from such registration is available,
the holder hereof shall confirm in writing that the Shares so purchased are being acquired for investment and not with a view toward
distribution or resale in violation of the Act and shall confirm such other matters related thereto as may be reasonably requested by
the Company.  This Warrant and all Shares issued upon exercise of this Warrant (unless registered under the Act and any applicable
state securities laws) shall be stamped or imprinted with a legend in substantially the following form:

"THE SECURITIES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR
ANY STATE SECURITIES LAWS.  NO SALE OR DISPOSITION MAY BE EFFECTED WITHOUT (i) EFFECTIVE REGISTRATION STATEMENTS RELATED
THERETO, (ii) AN OPINION OF COUNSEL OR OTHER EVIDENCE, REASONABLY SATISFACTORY TO THE COMPANY, THAT SUCH REGISTRATIONS ARE NOT
REQUIRED, (iii) RECEIPT OF NO-ACTION LETTERS FROM THE APPROPRIATE GOVERNMENTAL AUTHORITIES, OR  (iv) OTHERWISE COMPLYING
WITH THE PROVISIONS OF SECTION 6 OF THE WARRANT UNDER WHICH THESE SECURITIES WERE ISSUED, DIRECTLY OR INDIRECTLY."

Said legend shall be removed by the Company, upon the request of a holder, at such time as the restrictions on the transfer of the
applicable security shall have terminated.  In addition, in connection with the issuance of this Warrant, the holder specifically
represents to the Company by acceptance of this Warrant as follows:

	The holder is aware of the Company's business affairs and financial condition, and has acquired information about the Company
sufficient to reach an informed and knowledgeable decision to acquire this Warrant.  The holder is acquiring this Warrant for its own
account for investment purposes only and not with a view to, or for the resale in connection with, any "distribution"
thereof in violation of the Act.
	The holder understands that this Warrant has not been registered under the Act in reliance upon a specific exemption therefrom,
which exemption depends upon, among other things, the bona fide nature of the holder's investment intent as expressed herein.
	The holder further understands that this Warrant must be held indefinitely unless subsequently registered under the Act and
qualified under any applicable state securities laws, or unless exemptions from registration and qualification are otherwise
available.  The holder is aware of the provisions of Rule 144, promulgated under the Act.

	Disposition of Warrant or Shares.  With respect to any offer, sale or other disposition of this Warrant or any Shares
acquired pursuant to the exercise of this Warrant prior to registration of such Warrant or Shares, the holder hereof agrees to give
written notice to the Company prior thereto, describing briefly the manner thereof, together with a written opinion of such holder's
counsel, or other evidence, if reasonably requested by the Company, to the effect that such offer, sale or other disposition may be
effected without registration or qualification (under the Act as then in effect or any applicable federal or state securities law
then in effect) of this Warrant or the Shares and indicating whether or not under the Act certificates for this Warrant or the Shares
to be sold or otherwise disposed of require any restrictive legend as to applicable restrictions on transferability in order to
ensure compliance with such law.  Promptly upon receiving such written notice and reasonably satisfactory opinion or other evidence,
if so requested, the Company, as promptly as practicable but no later than three (3) days after receipt of the written notice, shall
notify such holder that such holder may sell or otherwise dispose of this Warrant or such Shares, all in accordance with the terms of
the notice delivered to the Company.  If a determination has been made pursuant to this Section 6(b) that the opinion of counsel for
the holder or other evidence is not reasonably satisfactory to the Company, the Company shall so notify the holder promptly with
details thereof after such determination has been made.  Notwithstanding the foregoing, this Warrant or such Shares may, as to such
federal laws, be offered, sold or otherwise disposed of in accordance with Rule 144 or 144A under the Act, provided that the Company
shall have been furnished with such information as the Company may reasonably request to provide a reasonable assurance that the
provisions of Rule 144 or 144A have been satisfied.  Each certificate representing this Warrant or the Shares thus transferred
(except a transfer pursuant to Rule 144 or 144A) shall bear a legend as to the applicable restrictions on transferability in order to
ensure compliance with such laws, unless in the aforesaid opinion of counsel for the holder, such legend is not required in order to
ensure compliance with such laws.  The Company may issue stop transfer instructions to its transfer agent in connection with such
restrictions.

	No Rights as Shareholders.  No holder of this Warrant, as such, shall be entitled to vote or receive dividends or be
deemed the holder of Shares, nor shall anything contained herein be construed to confer upon the holder of this Warrant, as such, any
of the rights of a shareholder of the Company or any right to vote for the election of directors or upon any matter submitted to
shareholders at any meeting thereof, or to receive notice of meetings, or to receive dividends or subscription rights or otherwise
until this Warrant shall have been exercised and the Shares purchasable upon the exercise hereof shall have become deliverable, as
provided herein.

	Right to Convert Warrant into Stock;  Net Issuance.

	Right to Convert.  In addition to and without limiting the rights of the holder under the terms of this Warrant, the
holder shall have the right to convert this Warrant or any portion thereof (the "Conversion Right") into shares of Common Stock as
provided in this Section 8 at any time or from time to time during the term of this Warrant.  Upon exercise of the Conversion Right
with respect to a particular number of shares subject to this Warrant (the "Converted Warrant Shares"), the Company shall deliver to
the holder (without payment by the holder of any exercise price or any cash or other consideration) (X) that number of shares of
fully paid and nonassessable Common Stock equal to the quotient obtained by dividing the value of this Warrant (or the specified
portion hereof) on the Conversion Date (as defined in subsection (b) hereof), which value shall be determined by subtracting (A) the
aggregate Warrant Price of the Converted Warrant Shares immediately prior to the exercise of the Conversion Right from (B) the
aggregate fair market value of the Converted Warrant Shares issuable upon exercise of this Warrant (or the specified  portion hereof)
on the Conversion Date (as herein defined) by (Y) the fair market value of one share of Common Stock on the Conversion Date (as
herein defined).

Expressed as a formula, such conversion shall be computed as follows:

X =   B - A  

  Y

Where:    X  =  the number of shares of Common Stock that may

    be issued to holder

   Y  =  the fair market value (FMV) of one share of

    Common Stock

   A  =  the aggregate Warrant Price (i.e., Converted

    Warrant Shares x Warrant Price)

   B  =  the aggregate FMV (i.e., FMV x Converted

    Warrant Shares)

No fractional shares shall be issuable upon exercise of the Conversion Right, and, if the number of shares to be issued determined
in accordance with the foregoing formula is other than a whole number, the Company shall pay to the holder an amount in cash equal to
the fair market value (as determined in accordance with Section 8(c)) of the resulting fractional share on the Conversion Date (as
hereinafter defined). 

	Method of Exercise.  The Conversion Right may be exercised by the holder by the surrender of this Warrant at the principal
office of the Company together with a written statement specifying that the holder thereby intends to exercise the Conversion Right
and indicating the number of shares subject to this Warrant which are being surrendered (referred to in Section 8(a) hereof as the
Converted Warrant Shares) in exercise of the Conversion Right.  Such conversion shall be effective upon receipt by the Company of
this Warrant together with the aforesaid written statement, or on such later date as is specified therein (the "Conversion Date").
Certificates for the shares issuable upon exercise of the Conversion Right and, if applicable, a new warrant evidencing the balance
of the shares remaining subject to this Warrant, shall be issued as of the Conversion Date and shall be delivered to the holder
within five days following the Conversion Date.

	Determination of Fair Market Value.  "Fair market value" of a share of Common Stock as of a particular date (the
"Determination Date") shall mean:

	The average of the closing  prices (as listed on the Nasdaq National Market and reported in The  Wall Street
Journal) of the Common Stock over the ten-day period ending on the last trading day of the Common Stock prior to the
Determination Date and including such last trading day as one of the ten days; and
	If there is no public market for the Common Stock, then fair market value shall be determined by mutual agreement of the holder
of this Warrant and the Company.

	Representations and Warranties.  The Company represents and warrants to the holder of this Warrant as follows:

	This Warrant has been duly authorized and executed by the Company and is a valid and binding obligation of the Company
enforceable in accordance with its terms, subject to laws of general application relating to bankruptcy, insolvency and the relief of
debtors and the rules of law or principles at equity governing specific performance, injunctive relief and other equitable
remedies;
	The Shares have been duly authorized and reserved for issuance by the Company and, when issued in accordance with the terms
hereof will be validly issued, fully paid and non-assessable;
	The rights, preferences, privileges and restrictions granted to or imposed upon the Shares and the holders thereof are as set
forth in the Company's Certificate of Incorporation, as amended to the Date of the Grant, a true and complete copy of which has been
delivered to the original holder of this Warrant;
	The execution and delivery of this Warrant are not, and the issuance of the Shares upon exercise of this Warrant in accordance
with the terms hereof will not be, inconsistent with the Company's Charter or by-laws, do not and will not contravene any law,
governmental rule or regulation, judgment or order applicable to the Company, and do not and will not conflict with or contravene any
material provision of, or constitute a default under, any material indenture, mortgage, contract or other instrument of which the
Company is a party or by which it is bound or require the consent or approval of, the giving of notice to, the registration or filing
with or the taking of any action in respect of or by, any Federal, state or local government authority or agency or other person,
except for the filing of notices pursuant to federal and state securities laws, which filings will be effected by the time required
thereby;
	There are no actions, suits, audits, investigations or proceedings pending or, to the knowledge of the Company, threatened
against the Company in any court or before any governmental commission, board or authority which, if adversely determined, will have
a material adverse effect on the ability of the Company to perform its obligations under this Warrant; and

	Covenants as to Common Stock.

	Listings.  The Company shall promptly secure the listing of the Shares issuable upon exercise of this Warrant upon each
national securities exchange or automated quotation system, if any, upon which shares of Common Stock are then listed (subject to
official notice of issuance upon exercise of this Warrant) and shall maintain, so long as any other shares of Common Stock shall be
so listed, such listing of all shares of Common Stock from time to time issuable upon the exercise of this Warrant; and the Company
shall so list on each national securities exchange or automated quotation system, as the case may be, and shall maintain such listing
of, any other shares of capital stock of the Company issuable upon the exercise of this Warrant if and so long as any shares of the
same class shall be listed on such national securities exchange or automated quotation system.

	Good Faith.  The Company will not, by amendment of its Certificate of Incorporation or through any reorganization,
transfer of assets, consolidation, merger, dissolution, issue or sale of securities, or any other voluntary action, avoid or seek to
avoid the observance or performance of any of the terms to be observed or performed by it hereunder, but will at all times in good
faith assist in the carrying out of all of the provisions of this Warrant and in the taking of all such action as may reasonably be
requested by the holder of this Warrant in order to protect the exercise privilege of the holder of this Warrant against dilution or
other impairment, consistent with the tenor and purpose of this Warrant.  The Company (i) will not increase the par value of any
shares of Common Stock receivable upon the exercise of this Warrant above the Warrant Price then in effect and (ii) will take
all such actions as may be necessary or appropriate in order that the Company may validly and legally issue fully paid and
nonassessable shares of Common Stock upon the exercise of this Warrant.

	Waivers and Amendments.  This Warrant and any provision hereof may be changed, waived, discharged or terminated only by an
instrument in writing signed by the party against which enforcement of the same is sought.

	Notices.  Any notice, request, communication or other document required or permitted to be given or delivered to the
holder hereof or the Company shall be delivered, or shall be sent by certified or registered mail, postage prepaid, to each such
holder at its address as shown on the books of the Company or to the Company at the address indicated therefor on the signature page
of this Warrant.

	Binding Effect on Successors.  This Warrant shall be binding upon any corporation succeeding the Company by merger,
consolidation or acquisition of all or substantially all of the Company's assets, and all of the covenants and agreements of the
Company shall inure to the benefit of the successors and assigns of the holder hereof.

	Loss, Theft, Destruction or Mutilation of Warrants or Stock Certificates.  The Company covenants to the holder hereof
that, upon receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Warrant
or any stock certificate and, in the case of any such loss, theft or destruction, upon receipt of an indemnity reasonably
satisfactory to the Company, or in the case of any such mutilation upon surrender and cancellation of such Warrant or stock
certificate, the Company will make and deliver a new Warrant or stock certificate, of like tenor, in lieu of the lost, stolen,
destroyed or mutilated Warrant or stock certificate.

	Descriptive Headings.  The descriptive headings of the several paragraphs of this Warrant are inserted for convenience
only and do not constitute a part of this Warrant.  The language in this Warrant shall be construed as to its fair meaning without
regard to which party drafted this Warrant.

	Governing Law.  This Warrant shall be construed and enforced in accordance with, and the rights of the parties shall be
governed by, the laws of the State of California.

	Survival of Representations, Warranties and Agreements.  All representations and warranties of the Company and the holder
hereof contained herein shall survive the Date of Grant, the exercise or conversion of this Warrant (or any part hereof) or the
termination or expiration of rights hereunder.  All agreements of the Company and the holder hereof contained herein shall survive
indefinitely until, by their respective terms, they are no longer operative.

	Remedies.  In case any one or more of the covenants and agreements contained in this Warrant shall have been breached, the
holders hereof (in the case of a breach by the Company), or the Company (in the case of a breach by a holder), may proceed to protect
and enforce their or its rights either by suit in equity and/or by action at law, including, but not limited to, an action for
damages as a result of any such breach and/or an action for specific performance of any such covenant or agreement contained in this
Warrant.

	No Impairment of Rights.  The Company will not, by amendment of its Charter or through any other means, avoid or seek to
avoid the observance or performance of any of the terms of this Warrant, but will at all times in good faith assist in the carrying
out of all such terms and in the taking of all such action as may be necessary or appropriate in order to protect the rights of the
holder of this Warrant against impairment.

	Severability.  The invalidity or unenforceability of any provision of this Warrant in any jurisdiction shall not affect
the validity or enforceability of such provision in any other jurisdiction, or affect any other provision of this Warrant, which
shall remain in full force and effect.

	Recovery of Litigation Costs.  If any legal action or other proceeding is brought for the enforcement of this Warrant, or
because of an alleged dispute, breach, default, or misrepresentation in connection with any of the provisions of this Warrant, the
successful or prevailing party or parties 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 or they may be entitled.

	Entire Agreement; Modification.  This Warrant constitutes the entire agreement between the parties pertaining to the
subject matter contained in it and supersedes all prior and contemporaneous agreements, representations, and undertakings of the
parties, whether oral or written, with respect to such subject matter.

E-Loan, Inc.

 

 

By:

Title:

Address:5875 Arnold Road

Dublin, CA  94568

Date of Grant:  April 25, 2000

Agreed to and Accepted by:

Charles Schwab & Co., Inc.

 

 

By:________________________________________

Title:  Executive Vice President

           and Chief Financial Officer

 

EXHIBIT A

NOTICE OF EXERCISE

To:  E-Loan, Inc.

(1)The undersigned hereby elects to purchase ____________ shares of Common Stock of E-Loan, Inc. pursuant to the terms of the
attached Warrant, and tenders herewith payment of the purchase price in full, together with all applicable transfer taxes, if
any.

(1)Please issue a certificate or certificates representing said shares of Common Stock in the name of the undersigned or
in such other name as is specified below:
___________________________

(Name)

___________________________

(Address)

The undersigned represents that the aforesaid shares of Common Stock

(Date)

(Signature)

 

 

D.3:  REGISTRATION RIGHTS AGREEMENT

REGISTRATION RIGHTS AGREEMENT

This Registration Rights Agreement (this "Agreement") is made and entered into as of _____ __, 2000, by and
between Charles Schwab & Co., Inc., a corporation organized under the laws of the State of California (the "Purchaser"), and
E-Loan, Inc., a corporation organized under the laws of the State of Delaware (the "Company").

R E C I T A L S

WHEREAS, the Company is granting a warrant (the "Warrant"), dated April 25, 2000, to the Purchaser to acquire
Six Million Five Hundred Thousand (6,500,000) shares (the "Warrant Shares") of the Company's common stock, $0.001 par value
(the "Common Stock"); and 

WHEREAS, pursuant to the terms of the Warrant, the Purchaser cannot sell any shares of Common Stock acquired upon the
exercise of the Warrant until one year from the date of such exercise;

NOW, THEREFORE, in consideration of the mutual promises, representations, warranties and conditions set forth in this
Agreement, the parties hereto, intending to be legally bound, hereby agree as follows:

1.Definitions.

For purposes of this Agreement, in addition to the definitions set forth above and elsewhere herein, the following terms
shall have the following respective meanings:

"Commission" shall mean the United States Securities and Exchange Commission and any successor agency.

"Exchange Act" shall mean the Securities Exchange Act of 1934, as amended, or any similar federal statute, and the
rules and regulations of the Commission thereunder, all as the same shall be in effect at the time.

"Holder" shall mean the Purchaser or any transferee or assignee thereof to whom the rights under this Agreement are
assigned in accordance with the provisions of Section 9 hereof.

"person" shall mean an individual, corporation, partnership, limited partnership, syndicate, person (including, without
limitation, a "person" as defined in Section 13(d)(3) of the Exchange Act), trust, association or entity or government, political
subdivision, agency or instrumentality of a government.

"Register," "registered" and "registration" shall refer to a registration effected by preparing and
filing a registration statement or similar document in compliance with the Securities Act and the declaration or ordering of
effectiveness of such registration statement or document.

"Registrable Stock" shall mean (a) the Warrant Shares, (b) any shares of Common Stock issued as a dividend or
other distribution with respect to, or in exchange for, or in replacement of, any of the Warrant Shares, and (c) any shares of
Common Stock issued by way of a stock split of the Warrant Shares referred to in clauses (a) or (b) above.  For purposes of this
Agreement, any Registrable Stock shall cease to be Registrable Stock when (i)  a registration statement covering such
Registrable Stock has been declared effective and such Registrable Stock has been disposed of pursuant to such effective registration
statement, (ii) such Registrable Stock is sold by a person in a transaction in which the rights under the provisions of this
Agreement are not assigned, or (iii) all such Registrable Stock may be sold by any and all Holders pursuant to Rule 144(k)
(or any similar provision then in force, but not Rule 144A) under the Securities Act without registration under the Securities
Act.

"Registration Filing Time" shall mean the nine-month anniversary after the first date on which the Purchaser
(or its successors or assigns), together with all previous exercises pursuant to the Warrant, has collectively exercised the Warrant
for not less than 1,000,000 Warrant Shares (subject to adjustment for stock dividends, stock splits, stock combinations and other
similar transactions).

"Securities Act" shall mean the Securities Act of 1933, as amended, or any similar federal statute, and the rules and
regulations of the Commission thereunder, all as the same shall be in effect at the time.

2.Restrictive Legend.

Each certificate representing Warrant Shares shall, except as otherwise provided in this Section 2, be stamped or
otherwise imprinted with a legend substantially in the form set forth in Section 8(a) of the Warrant.  A certificate shall not bear
such legend if in the opinion of counsel satisfactory to the Company (it being agreed that Howard, Rice, Nemerovski, Canady, Falk and
Rabkin, A Professional Corporation, shall be satisfactory) or the Company shall determine that the securities being sold thereby may
be publicly sold without registration under the Securities Act or the transfer of such securities is permitted under the provisions
of Rule 144(k) or Rule 144A (or any rule permitting public sale without registration under the Securities Act).

3.Registration.  On or before the Registration Filing Time, the Company shall prepare and file with the
Commission a registration statement on Form S-3 or any successor thereto (the "Initial Registration Statement"), signed,
pursuant to Section 6(a) of the Securities Act, by the officers and directors of the Company, with respect to 3,250,000 shares of the
Registrable Stock (subject to adjustment for stock dividends, stock splits, stock combinations and other similar transactions).  The
Company shall use its reasonable best efforts to register under the Securities Act, for public sale, such 3,250,000 shares of
Registrable Stock (subject to adjustment for stock dividends, stock splits, stock combinations and other similar transactions).  At
any time after the initial registration statement becomes effective and upon the request of the Holders of not less than a majority
of the Registrable Stock (the "Holder Request"), the Company shall prepare and file with the Commission a second
registration statement on Form S-3 or any successor thereto (the "Second Registration Statement"), signed, pursuant to
Section 6(a) of the Securities Act, by the officers and directors of the Company, with respect to a number of shares of Registrable
Stock equal to the number of shares of Registrable Stock (subject to adjustment for stock dividends, stock splits, stock combinations
and other similar transactions) which, as of the time of the initial filing of the Second Registration Statement, has been disposed
of pursuant to the Initial Registration Statement. (e.g.,  If at the time of the filing of the Second Registration Statement,
3.0 million shares of the Registrable Stock have been sold pursuant to the Initial Registration Statement, the number of shares of
Registrable Stock to be registered under the Second Registration Statement shall be 3.0 million.)  In connection with this Section 3,
the Company shall as expeditiously and as reasonably as possible:

(a) use its reasonable best efforts to cause the Initial Registration Statement to become effective on or before the
three-month anniversary of the Registration Filing Time and to remain effective through and including the earlier of (i) the time
when 3,250,000 Warrant Shares (subject to adjustment for stock dividends, stock splits, stock combinations and other similar
transactions) have been sold pursuant to such registration statement or (ii) the time when all of the Holders of the Registrable
Stock can sell all of the Warrant Shares pursuant to Rule 144(k) (or any similar provision then in force, but not Rule 144A) under
the Securities Act without registration under the Securities Act.

(b)use its reasonable best efforts to cause the Second Registration Statement to
become effective on or before the three-month anniversary of the date that the Company
receives the Holder Request and to remain effective through and including the earlier
of (i) the time when Warrant Shares (subject to adjustment for stock dividends, stock splits, stock combinations and other similar
transactions) equal to the total amount of the shares registered pursuant to the Second Registration Statement have been sold
pursuant to the Second Registration Statement or (ii) the time when all of the Holders of the Registrable Stock can sell all of the
Warrant Shares pursuant to Rule 144(k) (or any similar provision then in force, but not Rule 144A) under the Securities Act without
registration under the Securities Act.

(c)prepare and file with the Commission such amendments and supplements to the Initial Registration Statement and the
Second Registration Statement, as applicable, signed, pursuant to Section 6 (a) of the Securities Act, by the officers and directors
of the Company, and the prospectuses used in connection therewith as may be necessary to comply with the provisions of the Securities
Act with respect to the disposition of all Registrable Stock covered by such registration statements;

(d)furnish to the Holders such numbers of copies of the Initial Registration Statement and the Second Registration
Statement, as applicable, and the related prospectuses included therein (including each preliminary prospectus and any amendments or
supplements thereto) in conformity with the requirements of the Securities Act and such other documents and information as they may
reasonably request;

(e)use its reasonable best efforts to register or qualify the Registrable Stock covered by the Initial Registration
Statement and the Second Registration Statement, as applicable, under such other securities or blue sky laws of such jurisdictions
within the United States and Puerto Rico as required by law for the distribution of the Registrable Stock covered by the registration
statements; provided, however, that the Company shall not be required in connection therewith or as a condition thereto
to qualify to do business in or to file a general consent to service of process in any jurisdiction wherein it would not but for the
requirements of this paragraph (e) be obligated to do so; and provided, further, that the Company shall not be
required to qualify such Registrable Stock in any jurisdiction in which the securities regulatory authority requires that any Holder
submit any shares of its Registrable Stock to the terms, provisions and restrictions of any escrow, lockup or similar agreement(s)
for consent to sell Registrable Stock in such jurisdiction unless such Holder agrees to do so;

(f)promptly notify each Holder for whom such Registrable Stock is covered by such registration statements, at any time
when a prospectus relating thereto is required to be delivered under the Securities Act, of the happening of any event as a result of
which any prospectus included in such registration statements, as then in effect, includes an untrue statement of a material fact or
omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading in light of
the circumstances under which they were made, and at the request of any such Holder promptly prepare and furnish to such Holder a
reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter
delivered to Holders of such securities, such prospectus shall not include an untrue statement of a material fact or omit to state a
material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances
under which they were made;

(g)enter into customary agreements and take such other actions as are reasonably required in order to expedite or
facilitate the disposition of the Registrable Stock to be so included in the registration statements; 

(h)otherwise use its reasonable best efforts to comply with all applicable rules and regulations of the Commission;

(i)use its reasonable best efforts to list the Registrable Stock covered by such registration statements with any
securities exchange on which Holder Common Stock is then listed; and

(j)after the effectiveness of the registration statements, cooperate with the Holders to facilitate the timely preparation
and delivery of certificates representing the Registrable Stock to be sold, which certificates shall not bear any restrictive legends
other than restrictive legends still required to be imposed by the Warrant.

4.Suspension of Trading.  Notwithstanding any other provision of this Agreement, the Company shall have the
right at any time to require that all Holders suspend further open market offers and sales of Registrable Stock whenever, and for so
long as, in the reasonable judgment of the Company in good faith based upon the advice of counsel satisfactory to the Holders of a
majority of the Registrable Stock, there is in existence material undisclosed information or events with respect to the Company (the
"Suspension Right") such that the Initial Registration Statement and/or the Second Registration Statement, as
applicable, would contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or
necessary to make the statements therein not misleading in light of the circumstances under which they were made.  In the event the
Company exercises the Suspension Right, such suspension will continue for such period of time reasonably necessary for disclosure to
occur at a time that is not materially detrimental to the Company or until such time as such registration statement does not include
any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the
statements therein not misleading in light of the circumstances under which they were made, each as determined in good faith by the
Company.  The Company will promptly give the Holders notice, in a writing signed by an executive officer of the Company, of any
exercise of the Suspension Right.  The Company agrees to notify the Holders promptly upon termination of the Suspension Right.
Notwithstanding the foregoing, under no circumstances shall Holder be entitled to exercise the Suspension Right for more than sixty
calendar days in any twelve-month period.  

5.Furnish Information.  It shall be a condition precedent to the obligations of the Company to take any action
pursuant to this Agreement that the Holders shall furnish to the Company such information regarding themselves, the Registrable Stock
held by them, and the intended method of disposition of such securities as the Company shall reasonably request and as shall be
required in connection with the action to be taken by the Company.

6.Expenses of Registration.  All expenses incurred in connection with the registration(s) pursuant to this
Agreement, including without limitation all registration, filing and qualification fees, word processing, duplicating, printers' and
accounting fees (including the expenses of any special audits or "cold comfort" letters required by or incident to such performance
and compliance), fees of the National Association of Securities Dealers, Inc. or listing fees, messenger and delivery expenses, all
fees and expenses of complying with state securities or blue sky laws, reasonable fees and disbursements of counsel for the Company,
and the fees and disbursements of one counsel for the Holders (which counsel shall be selected by the Holders holding a majority of
the Registrable Stock and shall be satisfactory to the Company (it being agreed that Howard, Rice, Nemerovski, Canady, Falk &
Rabkin shall be satisfactory)), shall be paid by the Company.  The parties agree that all underwriting discounts and commissions
shall be the responsibility of the Holders.  

7.Sales by Different Holders, Limitations on Sales.  In the event that there is more than one Holder of the
Warrant Shares, the priority of which Holder may sell Warrant Shares pursuant to any registration statement required to be filed
pursuant to Section 3 of this Agreement shall be determined in accordance with an agreement among the Holders.  The Company shall
have no obligation to determine which Holder shall have rights to sell the Warrant Shares pursuant to any such registration
statement.  The Purchaser agrees that neither it nor all future Holders of the Warrant Shares shall collectively sell, pursuant to
the Initial Registration Statement or the Second Registration Statement, in excess of the number of shares of Registrable Stock which
are registered pursuant to such applicable registration statement.

8.Indemnification.  (a) To the extent permitted by applicable law, the Company shall indemnify and hold
harmless each Holder, such Holder's directors and officers, any underwriter (as defined in the Securities Act), and each person, if
any, who controls such Holder or underwriter within the meaning of the Securities Act, against any losses, claims, damages or
liabilities, joint or several, to which they may become subject under the Securities Act or any other applicable state or federal
law, insofar as such losses, claims, damages or liabilities (or proceedings in respect thereof) arise out of or are based on any
untrue or alleged untrue statement of any material fact contained in any such registration statement on the effective date thereof
(including any prospectus filed under Rule 424 under the Securities Act or any amendments or supplements thereto) or arise out
of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to
make the statements therein not misleading, and shall reimburse each such Holder, such Holder's directors and officers, such
underwriter or controlling person for any legal or other expenses reasonably incurred by them (but not in excess of expenses incurred
in respect of one counsel and one local counsel for all of them unless, in the reasonable judgment of an indemnified party there is
potential conflict of interest between any indemnified parties, which indemnified parties may be represented by separate counsel and
local counsel) in connection with investigating or defending any such loss, claim, damage, liability or action; provided,
however, that the indemnity agreement contained in this Section 8(a) shall not apply to amounts paid in settlement of any
such loss, claim, damage, liability or action if such settlement is effected without the consent of the Company (which consent shall
not be unreasonably withheld); provided, further, that the Company shall not be liable to any Holder, such Holder's
directors and officers, underwriter or controlling person in any such case for any such loss, claim, damage, liability or action to
the extent that it arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission
made in connection with any such registration statement, preliminary prospectus, final prospectus or amendments or supplements
thereto, in reliance upon and in conformity with written information furnished expressly for use in connection with such registration
by any such Holder, such Holder's directors and officers, underwriter or controlling person.  Such indemnity shall remain in full
force and effect regardless of any investigation made by or on behalf of any such Holder, such Holder's directors and officers,
underwriter or controlling person, and shall survive the transfer of such securities by such Holder.

(b)To the extent permitted by applicable law, each Holder shall indemnify and hold harmless the Company, each of its directors
and officers, each person, if any, who controls the Company within the meaning of the Securities Act, and any underwriter (within the
meaning of the Securities Act) for the Company against any losses, claims, damages or liabilities, joint or several, to which the
Company or any such director, officer, controlling person or underwriter may become subject, under the Securities Act or any other
applicable state or federal law, insofar as such losses, claims, damages or liabilities (or proceedings in respect thereof) arise out
of or are based upon any untrue statement or alleged untrue statement of any material fact contained in any such registration
statement on the effective date thereof (including any prospectus filed under Rule 424 under the Securities Act or any
amendments or supplements thereto) or arise out of or are based upon the omission or alleged omission to state therein a material
fact required to be stated therein or necessary to make the statements therein not misleading, in each case to the extent, but only
to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was made in such registration
statement in reliance upon and in conformity with written information furnished expressly by or on behalf of such Holder for use in
connection with such registration; and each such Holder shall reimburse any legal or other expenses reasonably incurred by the
Company or any such director, officer, controlling person, agent or underwriter (but not in excess of expenses incurred in respect of
one counsel and one local counsel for all of them unless, in the reasonable judgment to of an indemnified party, there is a conflict
of interest between any indemnified parties, which indemnified parties may be represented by separate counsel and local counsel) in
connection with investigating or defending any such loss, claim, damage, liability or action; provided, however, that
the indemnity agreement contained in this Section 8(b) shall not apply to amounts paid in settlement of any such loss, claim,
damage, liability or action if such settlement is effected without the consent of such Holder (which consent shall not be
unreasonably withheld), and provided, further, that the liability of each Holder hereunder shall be limited to the
proportion of any such loss, claim, damage, liability or expense which is equal to the proportion that the net proceeds from the sale
of the shares sold by such Holder under any such registration statement bears to the total net proceeds from the sale of all
securities sold thereunder, but not in any event to exceed the net proceeds received by such Holder from the sale of Registrable
Stock covered by such registration statement.

(c)Promptly after receipt by an indemnified party under this Section of notice of the commencement of any action, such
indemnified party shall, if a claim in respect thereof is to be made against any indemnifying party under this Section, notify the
indemnifying party in writing of the commencement thereof and the indemnifying party shall have the right to participate in and
assume the defense thereof with counsel selected by the indemnifying party and reasonably satisfactory to the indemnified party;
provided, however, that the exercise of the foregoing right shall be conditioned upon the written acknowledgment of the
indemnifying party to the indemnified party of the indemnifying party's obligation hereunder to indemnify the indemnified party for
any losses arising from such action; and provided further, that in such event, the indemnified party shall have the
right to retain its own counsel and local counsel, with all fees and expenses thereof to be paid by such indemnified party, and to be
apprised of all progress in any proceeding the defense of which has been assumed by the indemnifying party.  The failure to notify an
indemnifying party promptly of the commencement of any such action, shall only release the indemnifying party from any of its
obligations under this Section 8(c) if, and only to the extent that, such indemnifying party is materially prejudiced by such
failure, but the omission to so notify the indemnifying party will not relieve it of any liability that it may have to any
indemnified party otherwise than under this Section.

(d)To the extent any indemnification by an indemnifying party is prohibited or limited by law, the indemnifying party, in lieu
of indemnifying such indemnified party, shall contribute to the amount paid or payable by such indemnified party as a result of such
losses, claims, damages or liabilities in such proportion as is appropriate to reflect the relative fault of the indemnifying party
and indemnified party in connection with the actions which resulted in such losses, claims, damages or liabilities, as well as any
other relevant equitable considerations.  The relative fault of such indemnifying party and indemnified party shall be determined by
reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of material fact
or omission or alleged omission to state a material fact, has been made by, or relates to information supplied by, such indemnifying
party or indemnified party, and the parties' relative intent, knowledge, access to information and opportunity to correct or prevent
such action.  The amount paid or payable by a party as a result of the losses, claims, damages or liabilities referred to above shall
be deemed to include any legal or other fees or expenses reasonably incurred by such party in connection with any investigation or
proceeding.

The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 8(d) were
determined by pro rata allocation or by any other method of allocation which does not take account of the equitable considerations
referred to in the immediately preceding paragraph.  No person guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent
misrepresentation.  

9.Transfer of Registration Rights.  The rights of any Holder under this Agreement with respect to any
Registrable Stock may be transferred to any transferee of such Registrable Stock; provided, however, that (i) the
transference of the Registrable Stock or the Warrant is in accordance with Section 8 of the Warrant; (ii) the transferring
Holder shall give the Company written notice at or prior to the time of such transfer stating the name and address of the transferee
and identifying the securities with respect to which the rights under this Agreement are being transferred; (iii) such
transferee shall agree in writing, in form and substance reasonably satisfactory to the Company, to be bound as a Holder by the
provisions of this Agreement; and (iv) immediately following such transfer the further disposition of such securities by such
transferee is restricted under the Securities Act.  Except as set forth in this Section 9, no transfer of Registrable Stock
shall cause such Registrable Stock to lose such status.

10.Successors and Assigns.  Except as otherwise expressly provided herein, the terms and conditions of this
Agreement shall inure to the benefit of and be binding upon the respective successors and assigns of the parties hereto.  Except as
expressly provided in this Agreement, nothing in this Agreement, express or implied, is intended to confer upon any person other than
the parties hereto or their respective successors and assigns any rights, remedies, obligations, or liabilities under or by reason of
this Agreement.

11.Counterparts; Titles.  This Agreement may be executed and delivered (including by facsimile transmission) in
one or more counterparts, and by the different parties hereto in separate counterparts, each of which shall be deemed to be an
original, but all of which taken together shall constitute one and the same agreement.  The titles of the Sections of this Agreement
are used for convenience only and are not to be considered in construing or interpreting this Agreement.

12.Notices.  Any notice required or permitted under this Agreement shall be in writing and shall be delivered
in person or mailed by certified or registered mail, return receipt requested, overnight Times New Roman or facsimile, directed to
(a) the Holders at The Charles Schwab Corporation, 101 Montgomery Street, San Francisco, CA 94104, attention: Christopher V.
Dodds, facsimile (415) 636-5877, with a copy to Howard, Rice, Nemerovski, Canady, Falk & Rabkin, A Professional Corporation, at
Three Embarcadero Center, Seventh Floor, San Francisco, CA 94111, attention: Lawrence B. Rabkin, facsimile (415) 217-5910; or
(b) to the Company at E-Loan, Inc., 5875 Arnold Road, Suite 100, Dublin, CA 94568, attention: Douglas Galen, facsimile (925)
556-2914, with a copy to E-Loan, Inc., 5875 Arnold Road, Suite 100, Dublin, CA 94568, attention: Edward A. Giedgowd, facsimile: (925)
803-3503, or, in any such case, at such other address or addresses as shall have been furnished in writing by such party to the
others.  The giving of any notice required hereunder may be waived in writing by the parties hereto.  Every notice or other
communication hereunder shall be deemed to have been duly given or served on the date on which personally delivered, or on the date
actually received.

13.Amendments and Waivers.  Any provision of this Agreement may be amended and the observance of any provision
of this Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively), only with
the written consent of the Company and the Holders of at least 50% of the Registrable Stock.  Any amendment or waiver effected in
accordance with this Section 13 shall be binding upon each Holder of any securities subject to this Agreement at the time
outstanding (including securities into which such securities are convertible), each future Holder and all such securities, and the
Company.  No failure or delay by any party in exercising any right, power or privilege hereunder shall operate as a waiver thereof
nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right,
power or privilege.

14.Severability; Entire Agreement.  If one or more provisions of this Agreement are held to be unenforceable
under applicable law, such provisions shall be excluded from this Agreement and the balance of this Agreement shall be interpreted as
if such provisions were so excluded and shall be enforceable in accordance with its terms.  All prior agreements of the parties
concerning the subject matter of this Agreement are expressly superseded by this Agreement.  This Agreement contains the entire
Agreement of the parties concerning the subject matter hereof.  Any oral representations or modifications of this Agreement shall be
of no effect.

15.Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the State
of California without regard to conflicts of law principles.

16. Forum; Waiver of Jury Trial.  (a)  All actions and proceedings arising out of or relating to this Agreement
shall be heard and determined in any California state or federal court sitting in the City and County of San Francisco.  The parties
hereto hereby (i) submit to the exclusive jurisdiction of any California state or federal court sitting in the City and County
of San Francisco for the purpose of any action or proceeding arising out of or relating to this Agreement brought by any party
hereto, and (ii) waive, and agree not to assert by way of motion, defense, or otherwise, in any such Action, any claim that it
is not subject personally to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or
execution, that the action or proceeding is brought in an inconvenient forum, that the venue of the action or proceeding is improper,
or that this Agreement may not be enforced in or by any of the above-named courts.

 

(b)EACH OF THE PARTIES HERETO HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT IT MAY HAVE
TO A TRIAL BY JURY WITH RESPECT TO ANY ACTIONS OR PROCEEDINGS DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS
AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.  

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

Charles Schwab & Co., Inc.

By:  

    Name:  Christopher V. Dodds

    Title:  Executive Vice President and         

       Chief Financial Officer

E-Loan, Inc.

By:___________________________________

    Name:

    Title:

 

 

EXHIBIT E

E-LOAN LICENSES

 

JurisdictionState of Alabama

License type & numberExempt from mfg. lic. - HUD approved

Since09/19/1999

JurisdictionState of Alabama

License type & numberNon-supervised state for consumer finance lenders

Since--

JurisdictionState of Alaska

License type & numberAlaska Business License 248980

Since11/05/1997

JurisdictionState of Arkansas

License type & numberExempt from Mortgage Licensing - Agency Approved

Since03/18/1999

JurisdictionState of Arkansas

License type & numberNon-supervised state for consumer finance lenders

Since--

JurisdictionState of California DRE

License type & numberReal Estate Broker License 01259531

Since05/13/1999

JurisdictionState of California

License type & numberFinance Lender License, File No: 605 2191 (CA);

  & File No: 603 7246 (FL)

Since02/03/2000

JurisdictionState of Colorado

License type & numberNon-supervised state for first mortgages

Since11/03/1997

JurisdictionState of Colorado

License type & numberUniform Consumer Credit Code Supervised

  Lenders License No. 967246

Since01/26/2000

JurisdictionState of Connecticut

License type & numberFirst Mortgage Lender/Broker 0007115

Since10/01/1998

JurisdictionState of Connecticut

License type & numberSecond Mortgage Lender/Broker 0006783

Since10/01/1998

JurisdictionState of Connecticut

License type & numberNon-supervised state for consumer

  finance lenders

Since--

JurisdictionState of Delaware

License type & numberChapter 21 Mortgage Broker License 113215

Since07/28/1998

JurisdictionDistrict of Columbia

License type & numberMortgage Lender/Broker License 697

Since01/01/1998

JurisdictionDistrict of Columbia

License type & numberNon-supervised jurisdiction for consumer

  finance lenders

Since--

JurisdictionState of Florida

License type & numberCorrespondent Mortgage Lender Lic. 9901087

Since05/14/1999

JurisdictionState of Florida

License type & numberConsumer Finance License 160016

Since03/08/2000

JurisdictionState of Georgia

License type & numberMortgage Lender License 13189

Since02/16/1998

JurisdictionState of Georgia

License type & numberNon-supervised state for consumer

  finance lenders

Since

JurisdictionState of Hawaii

License type & numberExempt from Mortgage Licensing - HUD approved

Since09/14/1999

JurisdictionState of Idaho

License type & numberMortgage Lender License 1521

Since03/06/1998

JurisdictionState of Idaho

License type & numberMortgage Lender License # 995

Since01/10/2000

JurisdictionState of Illinois

License type & numberResidential Mortgage License #5538

Since05/12/1999

JurisdictionState of Indiana

License type & numberLoan Broker Registration 96-0082 LB

Since02/17/1998

JurisdictionState of Iowa

License type & numberMortgage Broker & Banker License 619

Since03/30/1998

JurisdictionState of Iowa

License type & numberConsumer Credit Code Notification

Since01/10/2000

JurisdictionState of Kansas

License type & numberMortgage Certificate of Registration 97-471

Since12/18/1997

JurisdictionCommonwealth of Kentucky

License type & numberExempt from mortgage licensing because

  E-Loan is a HUD approved mortgagee.

Since09/14/1999

JurisdictionState of Louisiana

License type & numberExempt from licensing - Fannie Mae approved

Since02/25/1998

JurisdictionState of Louisiana

License type & numberNon-supervised state for consumer

  finance lenders

Since

JurisdictionState of Maine

License type & numberSupervised Lender Lic. 1518; Branch Lic. SLB4652

Since09/25/1998

JurisdictionState of Maryland

License type & numberMortgage Lenders License 6103

Since03/23/2000

JurisdictionState of Maryland

License type & numberConsumer Loan License 887 (CA)

Since03/17/2000

JurisdictionCommonwealth of Massachusetts

License type & numberSmall Loan Agency License Number SL0778.

  Certificate 0038434

Since02/17/2000

JurisdictionState of Michigan

License type & numberRegistered Mortgage Broker & Lender No. FR0783

Since10/12/1999

JurisdictionState of Michigan

License type & numberSecondary Mortgage Broker/Lender Reg.

  No. SR-0569

Since11/08/1999

JurisdictionState of Minnesota

License type & numberResidential Mortgage Originator No. MO 20184170

Since10/28/1997

JurisdictionState of Mississippi

License type & numberNon-supervised state for mortgages

Since11/24/1997

JurisdictionState of Mississippi

License type & numberNon-supervised state for consumer

  finance lenders

Since--

JurisdictionState of Missouri

License type & numberExempt from mtg. lic. - Fannie Mae approved

Since02/25/1999

JurisdictionState of Missouri

License type & numberChapter 367 Small Loan Company License

  367-99-574(CA); 367-99-575 (FL)

Since03/08/2000

JurisdictionState of Montana

License type & numberNon-supervised state for mortgages

Since10/20/1997

JurisdictionState of Nebraska

License type & numberMortgage banker License

Since03/02/1998

JurisdictionState of Nevada

License type & numberExempt letter allowing us to originate

  mortgages online

Since12/18/1997

JurisdictionState of New Hampshire

License type & numberFirst Mortgage Banker & Broker

  License No. 6103-MB

Since01/20/2000

JurisdictionState of New Hampshire

License type & numberSecond Mortgage Home Loan Lender

  License No. 7712-MHL

Since01/20/2000

JurisdictionState of New Mexico

License type & numberMortgage Certificate of Exemption/

  Section 58-21-6(H)

Since01/27/1998

JurisdictionState of New Mexico

License type & numberNon-supervised state for consumer

  finance lenders

Since--

JurisdictionState of New York

License type & numberFile No. A004496

Since03/06/1998

JurisdictionState of North Carolina

License type & numberMortgage Banker No. A 1467

Since09/23/1998

JurisdictionState of North Dakota

License type & numberMoney Broker A-0499

Since03/10/1998

JurisdictionState of Ohio

License type & numberExempt from first mtg. Lic. - Fannie

  Mae approved

Since05/17/1999

JurisdictionState of Oklahoma

License type & numberExempt from Mortgage Licensing - Fannie

  Mae approved

Since02/25/1999

JurisdictionState of Oregon

License type & numberOrder to Transact Business Mtg.

  Bnkr/Br MB/B-1409

Since02/12/1998

JurisdictionCommonwealth of Pennsylvania

License type & numberFirst Mortgage Banker License No. 1549

Since07/20/1999

JurisdictionCommonwealth of Pennsylvania

License type & numberSecondary Mortgage Lender License No. 1857

Since07/20/1999

JurisdictionCommonwealth of Pennsylvania

License type & numberConsumer Discount Company Licenses

  3373 (PA), 3374 (CA), 3375 (FL)

Since02/17/2000

JurisdictionState of Rhode Island and Providence Plantations

License type & numberLicensed Lender 99001044 LL; Licensed Mtg.

  Loan Broker 200010086 LB

Since12/03/1999

JurisdictionState of South Carolina

License type & numberUntil Licensed, may lend if don't

  exceed 12% rate limit

Since--

JurisdictionState of South Dakota

License type & numberMortgage Lender License #4118 ML

Since11/19/1997

JurisdictionState of South Dakota

License type & numberNon-supervised state for consumer

  finance lenders

Since--

JurisdictionState of Tennessee

License type & numberResidential Lending & Brokerage 0000000375

Since01/01/1998

JurisdictionState of Texas

License type & numberNon-supervised state for first mortgages

Since12/06/1997

JurisdictionState of Utah

License type & numberResidential First Mortgage Notification

Since01/16/1998

JurisdictionState of Utah

License type & numberConsumer Credit Notification

Since01/20/2000

JurisdictionState of Vermont

License type & numberLender 4576 (CA), 4577 (FL),

  Mtg Brkr 0181 MB (CA)

Since10/06/1998

JurisdictionCommonwealth of Virginia

License type & numberMortgage Lender and Broker License No. MLB-642

Since12/13/1999

JurisdictionState of Virginia

License type & numberNon-supervised state for consumer

  finance lenders

Since--

JurisdictionState of Washington

License type & numberMortgage Broker License 510-MB-1007-00

Since03/02/1998

JurisdictionState of West Virginia

License type & numberNon-supervised state for mortgages

Since10/14/1997

JurisdictionState of West Virginia

License type & numberNon-supervised state for consumer

  finance lenders

Since--

JurisdictionState of Wisconsin

License type & numberMortgage Banker Certificate of Registration 1170

Since09/21/1998

JurisdictionState of Wyoming

License type & numberNon-supervised state for mortgages

Since10/15/1997

 

EXHIBIT F

NOTICES

Notices to E-Loan, Inc.:

E-Loan, Inc.

5875 Arnold Drive, Suite 100

Dublin, California  94568

Attn:  Douglas Galen, Vice President

Telephone:(925) 560-2620

Facsimile:(925) 556-2914

With a copy to:

Edward A. Giedgowd, Esq.

E-Loan, Inc.

5875 Arnold Drive, Suite 100

Dublin, California  94568

Telephone:(925) 560-2631

Facsimile:(925) 803-3503

Notices to Charles Schwab & Co., Inc.:

Charles Schwab & Co., Inc.

The Schwab Building

101 Montgomery Street

San Francisco, CA  94104

Attn:  Christopher D. Dodds

Executive Vice-President & Chief Financial Officer

Telephone:  (415) 627-7000

Facsimile:  (415) 636-5877

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00009-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00009-of-00352.parquet"}]]