Document:

Q3 2001 Exhibit 10.4

                                                                    Exhibit 10.4

CONFIDENTIAL TREATMENT REQUESTED - EDITED COPY

 [ * ] This information has been omitted based on a request for confidential
treatment.  The non-public information has been filed separately with the SEC.

FIRST MODIFICATION OF LOAN AGREEMENT

AND OTHER LOAN DOCUMENTS BY AND BETWEEN

BANK ONE, NA, AND E-LOAN, INC.

This First Modification of Loan Agreement and Other Loan Documents
("Modification Agreement") is entered into as of July 20, 2001, by and
between BANK ONE, NA, with its principal offices in Columbus, Ohio ("Lender")
and E-LOAN, INC., a Delaware corporation, ("Borrower").

R E C I T A L S:

A.Effective as of April 2, 2001, the Lender and the Borrower
entered into a financing transaction ("Financing Transaction") evidenced by a
Loan Agreement, a Revolving Credit Note and various other Loan Documents.

B.The Borrower has requested that Lender modify certain provisions
under the Financing Transaction and Lender has agreed to this request pursuant
to the tams and conditions of this Modification Agreement.

C.Accordingly, by this Modification Agreement, the Lender and the
Borrower shall modify certain provisions of the Loan Agreement and other Loan
Documents and shall confirm Borrower's obligations under the Loan Agreement and
other Loan Documents.

WHEREAS, in consideration of the mutual covenants herein, the parties agree
as follows:

Incorporation and Cross-Reference.

All of the terms, agreements, conditions, provisions, covenants and remedies
contained in the Loan Agreement and all other Loan Documents are incorporated
herein by this reference and, except as modified by this Modification Agreement,
shall remain in full force and effect in accordance with their respective terms.
All terms defined in the Loan Agreement and the Loan Documents shall have the
same meaning herein as therein except as otherwise provided in this Modification
Agreement or except as the context of this Modification Agreement clearly
requires or intends otherwise. The Recitals as set forth above and this
Incorporation and Cross-Reference shall be deemed a part of this Modification
Agreement.

	Conditions Precedent to Modification Agreement. This
Modification Agreement shall be effective only upon compliance with the
following conditions precedent, all of which shall be in a form and substance
satisfactory to Lender:

	Modification Agreement. This Modification Agreement shall have
been duly executed and delivered to Lender by the Borrower.

	Proceedings Regarding Authority. Lender shall have received a
copy of the Resolution of the Board of Directors of the Borrower authorizing:
(i) the execution, delivery and performance of this Modification Agreement,
together with a certificate of incumbency identifying the officer of the
Borrower authorized to execute this Modification Agreement with specimen
signature and; (ii) the consummation of the transactions hereunder; all of the
above certified by the appropriate officer of the Borrower. Such certificate
shall state that the resolution set forth therein has not been amended,
modified, revoked or rescinded as of the date of such certificate.

	Modification of Loan Agreement. The Loan Agreement shall be
modified as follows:

	Borrowings Base. Section 1.4 Borrowing Base of the Loan
Agreement shall be deleted and shall be replaced by the following:

1.4 Borrowing Base means, at any date of determination, an amount
equal to ninety percent (90%) of the aggregate amount of the principal balances
outstanding under the Eligible Contracts as calculated by Borrower's accounting
systems and as agreed to by Lender; provided, however, at any date of
determination: (a) no more than the lesser of: (i) an amount equal to twenty-
five percent (25%) of the Borrowing Base calculation or (ii) Two Million Five
Hundred Thousand and 00/100 Dollars ($2,500,000) of the Borrowing Base
calculation shall be attributable to Sub Prime Contracts; (b) no more than an
amount equal to twenty-five percent (25%) of the Borrowing Base calculation
shall be attributable to Prime Contracts which have been included in the
Borrowing Base calculation for longer than six (6) Business Days but fewer than
ten (10) Business Days; and, (c) no more than an amount equal to ten percent
(10%) of the Borrowing Base calculation shall be attributable to Sub Prime
Contracts which have been included in the Borrowing Base calculation for loner
than six (6) Business Days but f1mf than 1611 (10) Business Days. The Borrowing
Base value of each Eligible Contract shall amortize monthly by the reduction in
principal balance of such Eligible Contract calculated on the basis of a simple
interest amortization.

	Prime Contract. The Loan Agreement shall be modified to
include a new section 1.62 Prime Contract as follows:

1.62 Prime Contract means any Contract with an obligor who has a FICO
score of [*] or better.

	Affirmation of Representations and Warranties. Borrower
affirms each representation and warranty contained in the Loan Agreement and
other Loan Documents as of the date of this Modification Agreement.

	Affirmation of Collateral Interests. Borrower acknowledges and
affirms that the Liens, security interests and assignments of Lender on all
Collateral continue to be first priority Liens on all Collateral and such Liens
are valid, enforceable and unavoidable and Borrower confirms all prior grants to
Lender of Liens on, security interests in and assignments of the
Collateral.

	Affirmation of Enforceability. Borrower acknowledges and
affirms that all terms, conditions and provisions of the Loan Agreement and the
Loan Documents remain in full force and effect and are enforceable in accordance
with their terms except as previously modified or as modified by this
Modification Agreement.

	Acknowledgment of Performance. Borrower acknowledges that
Lender has fully performed its obligations under the Loan Agreement and the Loan
Documents through and including the date of this Modification Agreement and that
the obligations of Borrower under the Loan Agreement and the Loan Documents are
not subject to defense, counterclaim, offset or avoidance as of the date of this
Modification Agreement and that such obligations are valid, enforceable and
unavoidable according to their terms as modified by this Modification
Agreement.

	Certification of No Default. Borrower represents and warrants
to Lender that, as of the date of this Modification Agreement, no Event of
Default exists under the Loan Agreement or the other Loan Documents.

	Expenses. The Borrower and the Lender agree that the expenses
incurred in connection with this Modification Agreement shall be paid by the
Borrower. The Borrower acknowledges that the Loan Agreement together with all
other Loan Documents is a contract of indebtedness pursuant to O.R.C.
1301.21.

Each of the parties executing this Modification Agreement represents it has
read this Modification Agreement, has consulted with counsel regarding such
undertakings, understands all of its terms and has executed the same with full
knowledge of its significance and with all requisite authority.

LENDER:

Bank One, NA
By:/s/ Craig M. Larsen

Craig M. Larson

Its:Commercial Loan Officer

BORROWER: 

E-LOAN, INC
By:/s/ Matt Roberts

Its:CFO

 

 

CONFIDENTIAL TREATMENT REQUESTED - EDITED COPY

 [ * ] This information has been omitted based on a request for confidential
treatment.  The non-public information has been filed separately with the SEC.Q3 2001 Exhibit 10.5

                                                                    Exhibit 10.5

CONFIDENTIAL TREATMENT REQUESTED - EDITED COPY

 [ * ] This information has been omitted based on a request for confidential
treatment.  The non-public information has been filed separately with the SEC.

AUTO LOAN PURCHASE AND SALE AGREEMENT

This Auto Loan Purchase and Sale Agreement ("Agreement") is made on
August 3, 2001 (the "Effective Date"), by and between Patelco Credit
Union, a State chartered credit union with its principal office at 156
Second St. SF, CA 94105 ("Correspondent") and E-LOAN, Inc., a Delaware
corporation with its principal office at 5875 Arnold Road, Dublin, CA 94568 ("E-LOAN").

WHEREAS, E-LOAN maintains a website at www.eloan.com, and is engaged in the
business of, among other things, origination and sale of loans to consumers for
the purchase or refinance of motor vehicles ("Loans");

WHEREAS, E-LOAN desires to provide a broad range of available financing for
consumers seeking Loans;

WHEREAS, E-LOAN and Correspondent desire to enter into an arrangement whereby
E-LOAN will sell Loans to Correspondent based on Correspondent's underwriting
criteria;

NOW, THEREFORE, in consideration of the mutual promises contained in this
Agreement and for other good and valuable consideration the receipt and
sufficiency of which is hereby acknowledged, E-LOAN and Correspondent hereby
agree as follows:

	Sale and Delivery of Loans.

	Sale and Purchase of Loans. From time to time during the Term of this
Agreement, E-LOAN shall sell, assign, transfer, convey and deliver to
Correspondent, and Correspondent shall purchase from E-LOAN, without recourse
and on a servicing released basis, all right, title and interest in and to Loans
as provided in this Agreement.

	Offer. From time to time during the Term of this Agreement, E-LOAN
shall submit, for Correspondent's review and approval, an offer to sell one or
more prospective Loans (each, an "Offer") under the terms of this Agreement.
Each Offer shall be in a format acceptable to Correspondent, and shall include
the items and information set forth on Exhibit A, which shall
include the application relating to each offered Loan and such other information
as mutually agreed by the parties. In determining whether to submit an Offer to
Correspondent, E-LOAN shall apply Correspondent's underwriting and other
criteria for purchase of Loans subject to this Agreement as set forth on
Exhibit B ("Purchase Criteria") to the Loan application, and shall
only submit Offers that E-LOAN reasonably believes satisfy the Purchase
Criteria. E-LOAN is not obligated to offer to sell any Loans or prospective
Loans to Correspondent.

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

	Funding and Delivery of Loans. E-LOAN shall use its best efforts to
fulfill all conditions set forth in a Confirmation, and to fund the subject
Loans prior to expiration of a Confirmation; however, E-LOAN is not obligated to
fund or sell any Loans to Correspondent, whether or not a Confirmation has been
issued by Correspondent with respect to the subject Loan. Upon funding of a Loan
subject to a Confirmation, E-LOAN shall immediately deliver to Correspondent,
the low documents and items set forth on Exhibit D, together with
any other items required by the Confirmation relating to the subject Loan,
evidence of funding and fulfillment of all conditions of the Confirmation
("Required Documents").

	Payment; Transfer. With respect to each Loan sold, Correspondent
shall pay E-LOAN the amount set forth on Exhibit E ("Purchase
Price"), in the manner, and by the time limits set forth in
Exhibit E. The Purchase Price shall be the principal amount of the
Loan, plus such additional compensation as the parties agree. Upon receipt by E-LOAN of the
portion of the Purchase Price representing the principal balance of
the Loan ("Transfer Date"), the Loan, and all rights, benefits, payments,
proceeds and obligations arising from or in connection with the Loan, together
with any lien or security interest in the vehicle serving as collateral for the
Loan, shall vest in Correspondent. Until the Transfer Date, E-LOAN shall own and
control the application and all documentation relating to a prospective Loan to
be sold. All Loans sold under this Agreement shall be sold without recourse, on
a servicing released -basis. With respect to each Loan as to which E-LOAN has
not delivered to Correspondent all Required Documents prior to expiration of the
Confirmation related to such Loan, Correspondent shall have no obligation to
purchase the subject Loan. With respect to each Loan sold under this Agreement,
the inclusion of the form of Loan Assignment attached as Exhibit F
with the Required Documents relating to such Loan shall evidence the assignment
of the subject Loan. E-LOAN acknowledges and agrees that the appearance of the
E-LOAN logo at the bottom of the Loan Assignment form, without a handwritten
signature, is a binding and sufficient signature for E-LOAN on the Loan
Assignment form.

	Covenants.

	Compliance with Law. Each party shall comply with all federal, state
and local laws and regulations applicable to this Agreement and the respective
party's obligations hereunder, including without limitation all consumer
protection laws, the federal Equal Credit Opportunity Act, Real Estate
Settlement Procedures Act. Truth in Lending Act, Fair Credit Reporting Act and
Fair Debt Collection Practices Act and each of their respective regulations
("Applicable Law"). E-LOAN shall provide prior written notice to Correspondent
of any changes to the form documents for Loans, and shall update the forms as
necessary to comply with Applicable Law. Correspondent shall provide prior
written notice to E-LOAN of any changes to the Purchase Criteria, and shall
update the Purchase Criteria as necessary to comply with Applicable Law.

	Post-Closing Payments. All monies received by E-LOAN after the
transfer of title to any Loan shall be promptly turned over to
Correspondent.

	Limited Power of Attorney. E-LOAN hereby appoints Correspondent, its
agents, employees, successors and assigns, as its attorney in fact, with the
full power of substitution, for the limited purpose of (1) endorsing E-LOAN's name on
any checks, drafts, money orders or other forms of payment
payable to E-LOAN that may come into Correspondent's possession with respect to
any Loan purchased by Correspondent under this Agreement, and (2) executing
any form or document necessary to effectuate the assignment of a Loan in
accordance with this Agreement, or to create, perfect, assign or release a first
priority security interest in a vehicle securing a Loan in favor of
Correspondent.

	Non-Discrimination. Correspondent's credit underwriting standards and
Purchase Criteria comply with, and as such standards and Criteria may be revised
from time to time throughout the term of this Agreement shall remain in
compliance with, the anti-discrimination and other requirements of Applicable
Law. E-LOAN's loan origination practices comply with, and as such origination
practices may be revised from time to time throughout the term of this Agreement
shall remain in compliance with, the anti-discrimination and other requirements
of Applicable Law.

	Record Retention. Each party shall, at its own expense, maintain
data, information, records and documents relating to Loans offered for sale. or
sold pursuant to this Agreement, in such manner and for such time period as is
required by Applicable Law. Each party shall cooperate with one another and make
such Loan records available to regulatory authorities to satisfy state or
federal audit requirements. If a party has reasonable grounds to believe a
default has occurred under this Agreement, that party shall have the right to
review the records of the other party upon reasonable notice, provided that the
requesting party shall be entitled to review only those records necessary to
determine existence and extent of the default.

	Performance Reports. Within fifteen (15) days after the end of each
calendar month during the Term of this Agreement, Correspondent shall provide to
E-LOAN a report showing (i) the number of Loans purchased by Correspondent
during the preceding month; (ii) the principal balance of each Loan purchased by
Correspondent during the preceding month; (iii) the number of Loans purchased by
Correspondent since the Effective Date having delinquencies of 30-59 days, 60-90
days, and over 90 days, respectively; (iv) the number of Loans purchased by
Correspondent since the Effective Date that have been charged off; and (v) the
number of Loans purchased by Correspondent since the Effective Date for which
the vehicle securing the Loan has been repossessed, showing the date of each
repossession.

	Mutual Cooperation. During the term of this Agreement, the parties
agree to cooperate with and assist each other, as reasonably requested, in
carrying out the covenants, agreements, duties and responsibilities of one
another under this Agreement, and shall from time to time, execute, acknowledge
and deliver such additional instruments, assignments, endorsements, and
documents as may reasonably be required or appropriate to facilitate the
performance of this Agreement. Both parties shall work together with respect to
coordinating the systems requirements for establishing and maintaining
electronic connectivity, and each party shall bear its own expenses with respect
thereto.

	No Solicitation. With respect to each Loan sold to Correspondent
under this Agreement, E-LOAN agrees that for the life of the Loan, E-LOAN will
not directly solicit the respective borrowers to apply for, or offer to such
borrowers, any auto-secured loan product to refinance the Loan.

	Automatic ACH Loan Payment Requirement. With respect to Loans that
are subject to a Confirmation and that require monthly loan payments to be
automatically deducted and withdrawn from the borrower's savings or checking
account and paid to the loan holder or servicer via Automated Clearinghouse
(ACH) transfer ("ACH Payment Feature"), E-LOAN shall use reasonable best efforts
to (i) identify Loan applicants who are willing to make their monthly loan
payments using the ACH Payment Feature, and (ii) include in the loan approval
communication to applicants who are approved for a Loan that requires an ACH
Payment Feature a statement that the Loan for which they are approved requires
that loan payments be automatically deducted from the borrower's savings or
checking account via ACH transfer. In addition, for each Loan sold to
Correspondent hereunder that requires an ACH Payment Feature, E-LOAN shall
deliver to the applicable borrower a form approved by Correspondent, authorizing
the ACH Payment Feature. Except for the foregoing obligations, E-LOAN shall have
no further duties or obligations whatsoever with respect to the completion of
the ACH Payment Feature authorization form, any borrower's agreement to the ACH
Payment Feature, any borrower's continued use of the ACH Payment Feature, or any
other aspect of the implementation or administration of the ACH Payment
Feature.

	Representations and Warranties of the Parties. As of the date
of this Agreement, and throughout the Term, each party hereby represents and
warrants to the other party that:

	Due Organization and Good Standing. Each party is a corporation, duly
organized, validly existing, and is qualified and authorized to transact
business in, and is in good standing under the laws of, the jurisdiction of its
organization and each jurisdiction in which it performs or will perform its
obligations under this Agreement, or is otherwise doing business or is otherwise
exempt under applicable Law from such qualification.

	Authority and Capacity. Each party has the power, authority and
capacity to execute, deliver, and perform its obligations under this Agreement.
Each party's execution, delivery and performance of this Agreement have been
duly authorized by all necessary corporate action. This Agreement constitutes a
valid and legally binding agreement enforceable in accordance with its terms,
subject to bankruptcy laws and other similar laws of general application
affecting rights of creditors and subject to the application of the rules of
equity, including those respecting the availability of specific
performance.

	Consent; Litigation. No consent or approval of any other party or any
court or governmental authority is required in connection with the execution,
delivery, performance, validity or enforceability of this Agreement. There is no
pending claim, cause of action, governmental action or litigation that, if
determined adversely, would affect the party's ability to perform its
obligations hereunder. This Agreement will not result in a default under any
other agreement to which the party is bound.

	Licenses. All necessary qualifications and licenses required by
applicable law to conduct business as contemplated by this Agreement in all
states where Loans are purchased and sold hereunder have been obtained, and will
be maintained in good standing.

	Additional Representations and Warranties of E-LOAN. As of
each and every date E-LOAN sells and delivers a Loan to Correspondent under this
Agreement, E-LOAN hereby represents and warrants to Correspondent with respect
to each such Loan that:

	Valid Loans. Each Loan is bona fide, valid, genuine and legally
enforceable according to its terms and is duly and properly executed by the
parties shown as borrowers who were, to the best of E-LOAN's knowledge,
competent and had full legal capacity to enter into such Loan at the time they
executed the same. To the best of E-LOAN's knowledge, (1) there are no
claims or defenses with respect to any Loan; (2) no Loan, or the
obligations of any borrower, guarantor or surety with respect to any Loan, has
been obtained by fraud or fraudulent representations; (3) no oral or
written agreement exists or will exist whereby any of the terms of any Loan has
been varied in any way; (4) the information provided to Correspondent in
connection with each Loan is complete, true end correct; and (5) none of
the borrowers, guarantors or sureties on the Loans are deceased, and none of
such persons are the subject of any bankruptcy or other legal proceedings.

	Loans Comply with Law. The form of each Loan and the transactions
contemplated by the Loan comply with, and have been entered into in compliance
with; all applicable law, and all required disclosures and notices have been
given in compliance with all applicable law. Any applicable period during which
the borrower may rescind the Loan has expired, and all Loan proceeds have been
fully disbursed.

	No Default. All payments required under each Loan have been made up
to the date the Loan is sold. There is no default, breach, violation or event of
acceleration existing under the terms of each Loan nor has any event occurred
which, upon the giving of notice or the lapse of time, or both, would constitute
a default, breach, violation or event of acceleration under the Loan.

	Title and Insurance. For each Loan sold to Correspondent, the
certificate of title to each vehicle securing a loan shall list E-LOAN,
Correspondent or its designated nominee (as the parties shall mutually agree) as
the first and only lienholder on the certificate of title application or
registration and on the required physical damage insurance policies and loss
payable clauses relating to the vehicle securing the Loan.

	Origination of Loans. Except as disclosed in writing to Correspondent
and accepted by Correspondent prior to the Closing Date, each Loan has been
originated in accordance with the Purchase Criteria and the terms and conditions
of the applicable Confirmation.

	Status of Loan. The information that appears on E-LOAN's accounting
and all other pertinent records pertaining to any Loan accurately reflect the
true status of each Loan.

	Ownership of Loans. Except with respect to the liens of E-LOAN's
warehouse lenders, (a) E-LOAN is the sole owner of each Loan and has good and
marketable title thereto, and has the right to assign, sell and transfer the
Loan to Correspondent free and clear of any encumbrance, lien, pledge, charge,
claim or security interest, and (b) Seller has not sold, assigned or otherwise
transferred any right or interest in or to the Loan and has not pledged the Loan
as collateral for any debt or other purpose.

	Sale Treatment. The sale of each Loan shall be reflected on E-LOAN's
balance sheet and other financial statements as a sale of assets by E-LOAN, and
E-LOAN shall not take any action or omit to take any action which would cause
the transfer of the Loans to Correspondent to be treated as anything other than
a sale to Correspondent of all of E-LOAN's right, title and interest in and to
each Loan.

	Insurance. Each vehicle securing a Loan is insured against loss under
a policy issued by an insurer reasonably acceptable to Correspondent and
qualified to do business in the state where the vehicle is located, in a form
such that it may be endorsed to Correspondent as loss payee. To the best of E-LOAN's
knowledge, there are no facts or circumstances that could provide a basis
for revocation of, or a defense 10 ally claims made under, any insurance policy
covering a vehicle.

	Indemnification & Remedies.

	Indemnification. Each party (in such capacity, referred to as
"Indemnitor") shall indemnify and hold the other party and its respective
shareholders, directors, officers, employees, representatives, agents, servants,
successors, and assigns (collectively "Indemnitee") harmless from and shall
reimburse Indemnitee for any losses, damages, deficiencies, claims, causes of
action or expenses of any nature (including reasonable attorneys' fees and
expenses) incurred by Indemnitee arising out of or resulting from any breach of
any warranty, representation covenant or obligation of Indemnitor under this
Agreement.

	Indemnification Procedures. After either party obtains knowledge of
any claim, action, suit or proceeding (collectively a "Claim") for which it
believes is entitled to indemnification under this Agreement, it shall promptly
notify the other party of such Claim in writing within ten (10) days after such
knowledge. Each party shall cooperate with the other in every reasonable manner
(at the Indemnitor's sole expense) to facilitate the defense of any Claim
subject to indemnification hereunder. Indemnitee's failure to promptly notify
Indemnitor of a Claim shall not relieve the Indemnitor from any liability under
this Section to the extent that Indemnitor is not materially adversely affected
by such delay. With respect to each such notice, the Indemnitor shall, at the
Indemnitee's option, immediately take all action necessary to minimize any risk
or loss to the Indemnitee, including retaining counsel satisfactory to the
Indemnitee and take such other actions as are necessary to defend the Indemnitee
or to discharge the indemnity obligations under this Section. If the Indemnitor
does not timely and adequately conduct such defense, the Indemnitee may, at its
option and at Indemnitor's expense, conduct such defense, contest, litigate or
settle the Claim using counsel of its own choice without prejudice to its right
of indemnification under this Section. The Indemnitor shall pay on demand any
liability incurred by the Indemnitee under this Section. The Indemnitor shall
not settle any claim in which the Indemnitee is named without the prior written
consent of the Indemnitee, which consent shall not be unreasonably withheld. The
Indemnitee shall have the right to be represented by counsel at its own expense
in any such contest, defense, litigation or settlement conducted by the
Indemnitor.

	Repurchase. The purchase and sale of Loans under this Agreement shall
be without recourse to E-LOAN, except for the representations, warranties,
covenants and agreements set forth in this Agreement. Notwithstanding the
foregoing, in the event there is a material breach by E-LOAN of any covenant,
representation, warranty or agreement under this Agreement which remains uncured
for ninety (90) days and involves, relates to, or affects any Loan sold to
Correspondent under this Agreement, E-LOAN shall repurchase the affected Loan
from Correspondent for the outstanding balance of principal and accrued but
unpaid interest on such Loan. Upon discovery of a suspected breach,
Correspondent shall provide E-LOAN with written notice specifying the breach. In
the event of such repurchase, Correspondent shall assign the affected Loan to E-LOAN without
recourse and without representation or warranties, expressed or
implied.

	Survival of Remedies. This Section shall survive termination of the
Agreement.

	Term and Termination.

	Term. Unless this Agreement is terminated earlier as provided below,
this Agreement shall have an initial term of one (1) year commencing on the
Effective Date, and shall automatically renew for successive one (1) year term
periods. The initial term, together with any renewal terms, shall be referred to
herein as the "Term."

	Termination. Notwithstanding the foregoing, this Agreement may be
terminated as follows:

	without cause by either party after expiration of the Initial Term, upon not
less than thirty (30) days prior written notice to the other party; or
	by either party immediately upon written notice to the other party (a) if
the other party breaches any warranty, representation, covenant or obligation
under this Agreement and fails to cure such breach within thirty (30) calendar
days of receiving written notice of the breach from the non-breaching party; (b)
if a party has reasonable cause to believe that the other party will not be able
to perform its obligations under this Agreement; (c) if there occurs a change of
(25%) or more of the ownership of the other party; (d) if a material adverse
change occurs in the financial condition of the other party; or (e) if the other
party is subject to a dissolution, receivership, liquidation, insolvency,
conservatorship, consolidation, reorganization, sale of substantially all of its
assets, cessation of business, voluntary or involuntary bankruptcy.

	Effect of Termination; Survival. The termination of this Agreement
shall not affect the rights and obligations of the parties with respect to Loans
for which Confirmations have previously been issued ("Pipeline Loans"), or
transactions and occurrences that take place prior to the effective date of
termination, and Correspondent shall purchase Pipeline Loans as provided in
Section 1.3 if all conditions set forth in the Confirmation are met, except as
otherwise provided by Applicable Law.

	Customer Privacy and Confidentiality of Information.

	Confidential Information; Privacy Requirements. Each party and their
respective affiliates, directors, officers, employees, authorized
representatives, agents and advisors (including without limitation, attorneys,
accountants, consultants, bankers and financial advisors) shall keep
confidential all information concerning the other party's proprietary business
procedures, products, services, operations, marketing materials, fees, policies
or plans and all Nonpublic Personal Information of the other party that is
received or obtained during the negotiation or performance of the Agreement,
whether such information is oral or written, and whether or not labeled as
confidential by such party (collectively "Confidential Information"). "Nonpublic
Personal Information" shall include all personally identifiable financial
information and any list, description or other grouping of consumers, and
publicly available information pertaining to them, that is derived using any
personally identifiable financial information that is not publicly available,
and shall further include all "nonpublic personal information" as defined by
federal regulations implementing the Gramm-Leach-Bliley Act, as amended from
time to time. "Personally identifiable financial. information" means any
information a consumer provides to a party in order to obtain a financial
product or service, any information a party otherwise obtains about a consumer
in connection with providing a financial product or service to that consumer,
and any information about a consumer resulting from any transaction involving a
financial product or Service between a party and a consumer. Personally
identifiable information may include, without limitation, a consumer's first and
last name, physical address, zip code, email address, phone number, social
security number, birth date, and any other information that itself identifies or
when tied to the above information, may identify a consumer. Each party shall
take reasonable steps, at least substantially equivalent to the steps it takes
to protect its own proprietary information, during the term of this Agreement
and for a period of three years following termination of this Agreement, to
prevent the use, duplications or disclosure of Confidential Information, other
than, by or to its employees or agents who are directly involved in negotiating
or performing this Agreement and who are apprised of their obligations under
this Section and directed by the receiving party to treat such information
confidentially, or except as required by law or by a supervising regulatory
agency of a receiving party (with information as to the amount of, and manner of
calculating the Purchase Price redacted where permitted). Neither party shall
disclose, share, rent, sell or transfer to any third party any Confidential
Information.

	Privacy Notice and Privacy Policy. Each party's Privacy Notices and
Privacy Policies are consistent with the Federal Trade Commission's procedures,
rules and regulations, as applicable and as amended from time to time, and
comply with acceptable trade practices.

	Remedies. Upon the request of the disclosing party, the other party
shall promptly return all Confidential Information received in connection with
the transaction, and shall promptly destroy such materials containing such
information (and any copies, extracts, and summaries thereof) and shall further
provide the other party with written confirmation of such return or destruction
upon request. In the event a party discovers that Confidential Information has
been used in an unauthorized manner or disclosed in violation of this Section,
the party discovering the unauthorized use or disclosure shall immediately
notify the other party of such event, and the disclosing party shall indemnify
and hold the other party harmless from all claims, damage, liability, costs and
expenses (including court costs and reasonable attorneys' fees) arising or
resulting from the unauthorized use or disclosure. In addition, the non-
disclosing party shall be entitled to all other remedies available at law or
equity, including injunctive relief.

	Miscellaneous.

	8.1 Public Announcement. The timing and content of any
advertisements, announcements, press releases or other promotional activity
relating to this Agreement, and the use of each other's name or trademarks shall
be subject to the prior approval of both parties.

	Assignment. Neither party may assign this Agreement without the prior
written consent of the other party.

	No Agency Relationship. The relationship between E-LOAN and
Correspondent shall not be construed as a joint venture, partnership or
principal-agent relationship, and under no circumstances shall any of the
employees of one party be deemed to be employees of the other party for any
purpose. This Agreement shall not be construed as authority for either party to
act for the other in any agency or any other capacity, except as expressly set
forth in this Agreement.

	Third Party Beneficiaries. This Agreement is not intended and shall
not be construed to create any rights or benefits upon any person not a party to
this Agreement.

	Costs and Expenses. Unless specifically provided for elsewhere in
this Agreement, each party will bear its own costs and expenses, including legal
fees, accounting fees and taxes incurred in connection with the negotiation and
performance of this Agreement.

	Notices. All notices and other communications required or permitted
to be given under this Agreement shall be in writing and shall be deemed given
(i) three business days after being deposited in the U.S. mail, first class,
postage prepaid, (ii) upon transmission, if sent by facsimile transmission, or
(iii) upon delivery, if served personally or sent by any generally recognized
overnight delivery service, to the following addresses:

	If to E-LOAN, to:

E-LOAN, Inc.

5875 Arnold Road

Dublin, CA 94568

Attn: Steve Herz, Senior V.P., Consumer Loans

Facsimile no. (925)803-3507

with a copy to Edward A. Giedgowd, E-LOAN's Counsel at the same address,
facsimile no. (925) 803-3503.

	If to Correspondent, to:

PATELCO CREDIT UNION

156 Second Street

San Francisco, CA 94105

(415) 442-7193 FAX

Attn: CHRIS OLDAG

	Entire Agreement. This Agreement, including any exhibits or other
documents attached hereto or referenced herein, each of which is hereby
incorporated into this Agreement and made an integral part hereof, constitutes
the entire agreement between the parties relating to the subject matter hereof
and there are no representations, warranties or commitments except as set forth
herein. This Agreement supersedes all prior understandings, negotiations and
discussions, written or oral, of the parties relating to the transactions
contemplated by this Agreement.

	Modification. This Agreement may not be changed orally but only by an
agreement in writing, signed by the party against whom enforcement of any
waiver, change, modification, or discharge is sought.

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

	Provisions Severable. If any provision of this Agreement shall be or
become wholly or partially invalid, illegal or unenforceable, such provision
shall be enforced to the extent that its legal and valid and the validity,
legality and enforceability of the remaining provisions shall in no way be
affected or impaired. This Agreement shall be binding upon and lure to the
benefit of the parties hereto and their respective successors, legal
representatives and permitted assigns.

	Waivers; Cumulative Remedies. No failure or delay by a party to
insist upon the strict performance of any term or condition under this Agreement
or to exercise any right or remedy available under this Agreement at law or in
equity, shall imply or otherwise constitute a waiver of such right or remedy,
and no single or partial exercise of any right or remedy by any party will
preclude exercise of any other right or remedy. All rights and remedies provided
in this Agreement are cumulative and not alternative; and are in addition to all
other available remedies at law or in equity.

	Limitation of Liability. NOTWITHSTANDING ANY OTHER PROVISION OF THIS
AGREEMENT, NEITHER PARTY SHALL BE LIABLE TO THE OTHER PARTY UNDER THIS AGREEMENT
FOR ANY DAMAGES OR CLAIMS FOR LOST PROFITS OR CONSEQUENTIAL, INCIDENTAL OR
PUNITIVE DAMAGES.
	Waiver of Jury Trial. EACH PARTY HEREBY KNOWINGLY, VOLUNTARILY AND
INTENTIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE
RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO
THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.
	Counterparts. This Agreement may be executed in two or more
counterparts, each of which together shall be deemed an original, but all of
which shall constitute one and the same instrument.

IN WITNESS WHEREOF, the parties have executed this Agreement, effective as of
the Effective Date written above.

	
PATELCO CREDIT UNION
By:/s/ Ed Callahan

ED CALLAHAN

Title: CEO

Date: AUGUST 3, 2001
	
E-LOAN, Inc.
By:/s/ Stephen M. Herz

STEPHEN M. HERZ

Title: SVP Consumer Loans

Date: 8/3/2001

/s/ Matt Roberts 8/3/2001

MATT ROBERTS

CHIEF FINANCIAL OFFICER

CONFIDENTIAL TREATMENT REQUESTED - EDITED COPY

 [ * ] This information has been omitted based on a request for confidential
treatment.  The non-public information has been filed separately with the SEC.

Exhibit A

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

	
Product:

Loan amount:

Term:
	
Make:

Model:

Year:

Vehicle Mileage:

	
Primary Applicant Information:

Primary applicant name:

Primary applicant SSN:

Primary applicant score:

Birthdate:

Current residence:

Home phone number:

Time at current residence:

Rent/Mortgage payment:

Residence status (rent/buy):
If less than 2 years at current residence:

Previous residence:

Time at previous residence:

Name of Employer:

Employer address:

Employer phone:

Occupation:

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

Name of previous employer:

Previous employer address:

Previous employer phone:

Previous occupation:

Time on previous job:

Gross monthly income:
	
Co-Applicant Information:

Co-applicant name:

Co-applicant SSN:

Co-applicant score:

Birthdate:

Current residence:

Home phone number:

Time at current residence:

Rent/Mortgage payment:

Residence status (rent/buy):

If less than 2 years at current residence:

Previous residence:

Time at previous residence:

Name of Employer:

Employer Address:

Employer phone:

Occupation:

Time on job:

If less than 2 years with current employer:

Name of previous employer:

Previous employer address:

Previous employer phone:

Previous occupation:

Time on previous job:

Gross monthly income:

Offer Expiration: Offer expires in two (2) hours from the time of
submittal of the above information to Correspondent.

CONFIDENTIAL TREATMENT REQUESTED - EDITED COPY

 [ * ] This information has been omitted based on a request for confidential
treatment.  The non-public information has been filed separately with the SEC.

Exhibit B

Purchase Criteria

Purchase criteria for Pre-approval by Eloan underwriters:

[*]

Applicants to be submitted to Patelco underwriters for decision:

[*]

Notes:
1.Customer residence must be in a state in which the correspondence and
E-LOAN have mutually agreed that both parties are willing and able to do
business.

2.Approvals good for 60 days.

3.Advances reflect MSRP (new) or NADA Trade-In/Kelley Blue (used), all
including TT&L and ancillary products.

4.Maximum mileage on used vehicles is 80, 000.

5.Used vehicle model year eligibility is up to 7 years old
(currently 1994).

6.Vehicles specifically excluded: Conversion vans and trucks larger than
1-Ton

7.Payment to Income is calculated as monthly payment for auto loan
divided by gross monthly income for applicant and co applicant (if
applicable).

CONFIDENTIAL TREATMENT REQUESTED - EDITED COPY

 [ * ] This information has been omitted based on a request for confidential
treatment.  The non-public information has been filed separately with the SEC.

Exhibit C

Information to be Included with Loan Confirmation

The Loan Confirmation will include the following:

For Approvals:

	Date and time of the credit decision 
	Application number 
	Decisioning Lender contact information 
	Applicant name (and Co-Applicant, if applicable) 
	Approved Amount 
	Maximum Loan to Value % (for new and used) 
	APR Rate (for new and used) 
	Term

For Declinations:

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

CONFIDENTIAL TREATMENT REQUESTED - EDITED COPY

 [ * ] This information has been omitted based on a request for confidential
treatment.  The non-public information has been filed separately with the SEC.

Exhibit D

Loan Documents

	Note and Security Agreement (estimated) 
	Note and Security Agreement (final) 
	Copy of front and back of Documentary Draft 
	Drivers License(s) [where allowed by statute 
	Proof of Insurance 
	Title Application 
	Sale Contract (New Vehicle) 
	Credit Application 
	Bill of Sale or Buyers Order (Used Vehicle) 
	Odometer Statement (Used Vehicle) 
	Warranty Certificate (if applicable) 
	Loan Assignment

CONFIDENTIAL TREATMENT REQUESTED - EDITED COPY

 [ * ] This information has been omitted based on a request for confidential
treatment.  The non-public information has been filed separately with the SEC.

Exhibit E

Purchase Price

Purchase Price:

	With respect to each Loan made, Correspondent shall pay E-LOAN via ACH
Principal Balance of each Loan within 48 hours of receipt of the Required
Documents for such Loan.

Bank One, NA/E-LOAN, Inc. Collection Account

[*]

Bank One, NA, Columbus, Ohio

ABA [*]

Attn: Kelly Maloney

Calculation and payment of Additional Compensation shall be as shown
below.

Additional Compensation:

	As additional compensation for E-LOAN's performance of Services hereunder,
Correspondent will pay E-LOAN a fee ("Origination Fee") for each loan purchased
under this Agreement. On or before the l O'" of each month, Correspondent shall
pay E-LOAN the aggregate Origination Fees for all loans made in the prior
calendar month pursuant to this Agreement. Notwithstanding the foregoing, E-LOAN
shall refund the Origination Fee to Correspondent for each Loan that is prepaid
in full within three (3) months from the date such Loan is funded. 
	Calculation of Origination Fee will be determined monthly and will be based
on the number of loans funded and the average contract rate. The average
contract rate will be calculated as the weighted average contract rate on
Patelco funded loans (weighted by loan size). At the end of the month,
Origination fee will equal [*] contracts funded. 

	For example, if the average contract rate was 7.10% for July and their were
100 contracts booked, Origination Fee would equal [*].

	Interest paid by E-LOAN on funds advanced for each Loan purchased under this
Agreement from the date of the loan through the date of receipt of funds in the
account specified above. 
	Accrued interest will be paid at the average contract rate for the month in
question (used in calculation of Origination Fee). Average days accrued will be
calculated as the average of the date Eloan was paid minus the date the contract
was funded by Eloan (not weighted by loan size). 

	Formula for accrued interest will be: number of contracts funded for month *
average days accrued *average contract balance * average contract
rate/365.

CONFIDENTIAL TREATMENT REQUESTED - EDITED COPY

 [ * ] This information has been omitted based on a request for confidential
treatment.  The non-public information has been filed separately with the SEC.

Exhibit F

Form of Loan Assignment

LOAN ASSIGNMENT

ASSIGNEE: ____________________

LOAN:

Borrower                
      Account Number               
     Vin Number               
     Loan Amount $__________

FOR VALUE RECEIVED, E-LOAN, Inc. ("E-LOAN") hereby sells, transfers and
assigns to the Assignee named above, and Assignee's successors and assigns, all
of the E-LOAN's right, title and interest in or to the loan described above,
including without limitation the Promissory Note, Disclosure and Security
Agreement, together with any right to proceeds of insurance obtained thereunder
and any property or security interests described or provided for therein (the
"Loan"). E-LOAN hereby gives Assignee full power, either in its own name or in
E-LOAN 's name, to take all legal or other actions which E-LOAN could have taken
under the Loan.

This assignment is made pursuant to the Auto Loan Purchase and Sale Agreement
between E-LOAN and Assignee, the terms and conditions of which are hereby
ratified, affirmed and incorporated herein by this reference. In addition, all
rights and remedies of Assignee hereunder are cumulative of any rights that
Assignee may otherwise have against E-LOAN. This assignment shall be binding on
E-LOAN, its successors and assigns. This assignment is attached to and expressly
made a part of the Loan.

CONFIDENTIAL TREATMENT REQUESTED - EDITED COPY

 [ * ] This information has been omitted based on a request for confidential
treatment.  The non-public information has been filed separately with the SEC.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00031-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00031-of-00352.parquet"}]]