Document:

Amend. 2, Services Agreement

    
      

    

    
      

    

    Exhibit
      10.19

     

     

     

    
      [CERTAIN
        INFORMATION IN THIS DOCUMENT HAS BEEN OMITTED 

      AND
        FILED
        SEPARATELY WITH THE SECURITIES AND 

      EXCHANGE
        COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN 

      REQUESTED
        WITH RESPECT TO THE OMITTED PORTIONS.]

      

      SECOND
        AMENDMENT

      TO
        THE

      MARKETING AND

      ADMINISTRATIVE
        SERVICES AGREEMENT

      

      THIS
        SECOND AMENDMENT TO THE MARKETING AND ADMINISTRATIVE SERVICES AGREEMENT,
        hereinafter referred to as the “Second Amendment,” is effective on this --1st
        day of November, 2004, by and between EDUCATION LENDING SERVICES, INC., a
        Delaware corporation, formerly known as “Grad Partners, Inc.,” doing business as
        the “Consolidation Assistance Program,” hereinafter referred to as “ELServices,”
having its principal place of business at 12760 High Bluff Drive,
        Suite 210, San Diego, California 92130, and RELIANT PARTNERS LLC, a
        California limited liability company, hereinafter referred to as “Marketer,”
having its business address as 11526 Sorrento Valley Road, Suite A-1, San
        Diego
        California 92121.

      RECITALS

      

      WHEREAS,
        ELServices and Marketer desire to amend the Marketing and Administrative
        Services Agreement between the parties, dated December 1, 2001, as amended
        by
        the First Amendment, dated April 1, 2002, and Letter Agreement, executed
        February 7, 2003, hereinafter, collectively referred to as the “Marketing
        Agreement.” 

      

      WHEREAS,
        ELServices and Marketer desire to extend the term of the Marketing Agreement
        and
        to further amend the Marketing Agreement to provide for the payment of a
        Marketing Fee for completed FFELP PLUS loan (“PLUS Loan”), graduate Stafford
        loan (“Grad Loan”), and undergraduate Stafford loan (“Undergrad Loan”)
        (collectively referred to as “FFELP Loans”) applications generated by Marketer;
        as a result of the marketing and administrative services performed by Marketer
        under the terms of the Marketing Agreement.

      

      WHEREAS,
        ELServices desires Marketer to market on behalf of ELServices private
        consolidation loans offered by ELServices, or its affiliates, (“Private
        Consolidation Loans”) to current and prospective customers of Marketer in the
        form of leads for Private Consolidation Loans; and

      

      WHEREAS,
        Marketer desires to market on behalf of ELServices the FFELP Loans,
        Consolidation Loans, and Private Consolidation Loans offered by or through
        ELServices, or its affiliates, on the terms and conditions hereinafter set
        forth.

      

      NOW,
        THEREFORE, in consideration of the foregoing and for other good and valuable
        consideration, the receipt and sufficiency of which are hereby acknowledged,
        the
        parties mutually agree as follows:

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

      1.    TERM
        AND
        TERMINATION.

       

      
        1.1    The
          term
          of the Marketing Agreement set forth in paragraph 5.1 therein is extended
          through June 30, 2006, and shall be automatically extended for additional
          one
          (1) year periods thereafter unless either party gives written notice to
          the
          other party not later than sixty (60) days prior to the termination of
          the
          existing term of its intent not to extend the Agreement for an additional
          one
          (1) year period.

         

      

      2.    MARKETING
        SERVICES.

      

      2.1    The
        word
“exclusively” in paragraph 1.1 of the Marketing Agreement is hereby removed
        effective on the date of this Second Amendment.

      

      2.2    Marketing
        of FFELP Loans and Private Consolidation Loans.
        In
        addition to Consolidation Loans, Marketer shall market FFELP Loans and Private
        Consolidation Loans to some or all of its current and prospective customers
        utilizing its Website and direct marketing activities in accordance with
        the
        provisions of Section 1. of the Marketing Agreement, using the ELServices
        affiliate’s lender name “Student Loan Xpress” as directed by ELServices.
        Marketer shall provide the additional marketing, administration, and related
        activities and/or services as set forth in Exhibit 1.2 attached hereto and
        by
        this reference made a part hereof.

      

      3.    COMPENSATION.

      

      3.1    FFELP
        Loans.
        In
        addition to the Marketing Fee payment for Completed Applications as set forth
        in
        the Marketing Agreement, ELServices shall pay Marketer a marketing and
        administrative services fee (“FFELP Marketing Fee”) for each respective
        Completed PLUS Loan, Grad Loan, and Undergrad Loan Application (as defined
        in
        paragraph 3.3 below) (collectively “Completed FFELP Applications”) as set forth
        in Exhibit 2.1, as amended herein. 

      

      3.2    Private
        Consolidation Loans.
        ELServices
        shall pay Marketer a “Marketing Fee” in the amount set forth in Exhibit 2.1, as
        amended herein, for each funded Private Consolidation Loan (“Funded Private
        Loan”), as defined in section 3.4 below resulting from the marketing,
        administration, and related activities of Marketer as set forth in Exhibit
        1.2.

      

      3.3    Completed
        FFELP Applications.
        For
        purposes of this Marketing Agreement, all compensation due Marketer for
        Completed FFELP Applications shall be paid within thirty (30) days after
        the end
        of the prior calendar month during the term of this Agreement for which a
        payment is due Marketer. Each monthly payment shall be accompanied by a report
        indicating the number of Completed FFELP Applications received by ELServices
        from the marketing and administrative activities of Marketer for the respective
        prior calendar month period. For purposes of this Agreement, payment is not
        due
        Marketer for any Completed FFELP Application until ELServices receives written
        confirmation from the guaranty/disbursement/funding reports received from
        its
        servicers and/or disbursers, or from those of an affiliate of ELServices,
        in
        accordance with the terms of those agreements, that a respective Completed
        FFELP
        Application received from Marketer by ELServices, or by its affiliate, has
        been
        certified by an educational institution and guaranteed by an authorized FFELP
        guaranty agency. 

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

         

      

      3.4    Funded
        Private Loans.
        For
        purposes of this Agreement, a “Funded Private Loan” for a Private Consolidation
        Loan shall mean a private consolidation loan application received and processed
        by ELServices or its third party lender wherein the third party lender has
        funded the Private Consolidation Loan on behalf of a respective borrower.
        All
        compensation due Marketer for Funded Private Loans shall be paid within
        forty-five (45) days after the end of the prior calendar quarter during the
        term
        of this Agreement for which a payment is due Marketer. Each quarterly payment
        shall be accompanied by a report indicating the number of Funded Private
        Loans
        for which ELServices received payment from its third party lender resulting
        from
        the marketing and administrative activities of Marketer for the respective
        prior
        calendar quarter period. 

      

      4.    MARKETING
        AGREEMENT.

      

      5.1    Wherever
        in the Marketing Agreement there is a reference to Consolidation Loan(s)
        or
        Consolidation Loan Application(s), such reference shall now include the words
        “FFELP Loan,” “FFELP Applications,” and “Private Loan Applications,”
respectively, where applicable.

      

      5.2    Except
        as
        amended by this Second Amendment to the Marketing Agreement, the terms and
        conditions of the Marketing Agreement, the First Amendment and Letter Agreement,
        shall remain in full force and effect between ELServices and Marketer and
        are
        incorporated herein by this reference. 

      

      IN
        WITNESS THEREOF, the parties have executed this Second Amendment to the
        Marketing and Administrative Services Agreement effective on the date first
        set
        forth above.

       

      
        	ELServices:	 	 	Marketer:
	 	 	 	 
	
                EDUCATION LENDING SERVICES,
                  INC.

                a Delaware corporation

              	 	 	
                RELIANT
                  PARTNERS LLC

                a California limited liability
                  company

              
	 	 	 	 
	 	 	 	 
	By:
                /s/ Douglas L. Feist	 	 	By:
                /s/ Jason
                W. Kincaid
	
                
                  

                

                DOUGLAS L. FEIST

                Executive Vice President and Secretary

              	 	 	
                
                  

                

                 JASON W. KINCAID

                Sole Manager and
                  Member

              

           

        
          
            
            

          

          
            3

            
              

            

          

          
            
            

          

        

      EXHIBIT
        “2.1”

      

      MARKETING
        FEES

      (As
        Amended Herein)

      

      A.    FFELP
        MARKETING FEES

      

      Beginning
        on the effective date of this Second Amendment (i.e., November 1, 2004),
        through
        the term of the Marketing Agreement, ELServices shall pay Marketer a FFELP
        Marketing Fee for each respective Completed FFELP Application (as defined
        in
        paragraph 3.3 above) as follows:

      

      1.    COMPLETED
        FFELP APPLICATIONS:

      

      A.    PLUS
        Loan Application.  The
        amount of [**] for Sallie Mae schools and [**] for non-Sallie Mae schools.
        No
        FFELP Marketing Fee shall be paid Marketer for any Completed PLUS Loan
        Application having a certified loan amount of less than FIVE THOUSAND AND
        NO/100
        DOLLARS ($5,000.00).

      

      B.    Graduate
        Stafford Loan Application.  The
        amount of [**] for Sallie Mae schools and [**] for non-Sallie Mae schools.
        No FFELP Marketing Fee shall be paid Marketer for any Completed Graduate
        Stafford Loan Application having a certified loan amount of less than FIVE
        THOUSAND AND NO/100 DOLLARS ($5,000.00).

      

      C.    Undergraduate
        Stafford Loan Application.  The
        amount of [**] for both Sallie Mae and non-Sallie Mae schools. No FFELP
        Marketing Fee shall be paid Marketer for any Completed Undergraduate Stafford
        Loan Application having a certified loan amount of less than TWO THOUSAND
        FIVE
        HUNDRED AND NO/100 DOLLARS ($2,500.00).

      

      2.    FFELP
        SERIAL LOANS:

      

      For
        each
        subsequent PLUS Loan, Graduate Stafford Loan, or Undergraduate Stafford Loan
        for
        the same borrower for which Marketer received a Marketing Fee, ELServices
        shall
        pay the Marketer the respective Marketing Fees for that PLUS Loan, Graduate
        Stafford Loan, or Undergraduate Stafford Loan as set forth in Paragraph 3.
        above.

      

      **
        CERTAIN INFORMATION ON THIS PAGE HAS BEEN OMITTED AND FILED SEPARATELY WITH
        THE
        SECURITIES AND EXCHANGE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED
        WITH RESPECT TO THE OMITTED PORTIONS.

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

       

      EXHIBIT
        “2.1”

      

      MARKETING
        FEES

      (Continued)

      

      
        	 	
                3.

              	
                SUBSEQUENT
                  CONSOLIDATION LOAN PAYMENTS:

              

      

      

      For
        each
        Completed Consolidation Loan Application (as defined in the Marketing Agreement)
        resulting from the consolidation of an ELServices or an affiliate’s borrower’s
        PLUS Loan, Graduate Stafford Loan, Undergraduate Stafford Loan, or consolidation
        loan for which a Marketing Fee was received by Marketer, ELServices shall
        pay
        Marketer a Marketing Fee equal the consolidation loan Marketing Fee set forth
        in
        the Marketing Agreement, as amended, less the total
        amount
        received by the Marketer from ELServices or an affiliate for the respective
        borrower’s PLUS Loan, Graduate Stafford Loan, Undergraduate Stafford Loan,
        and/or prior consolidation loan to be consolidated by such
        borrower.

      

      4.    TERMINATION
        OF FFELP MARKETING FEE PAYMENTS:

      

      Upon
        thirty (30) days prior written notice to Marketer, ELServices shall have
        the
        right to terminate the continued receipt from Marketer of the respective
        type of
        Completed FFELP Applications as set forth below:

      

      A.    PLUS
        Loan Application.  If
        the cumulative average loan balance of all Completed PLUS Loan Applications
        received by ELServices from Marketer at the end of any calendar month during
        the
        term of the Marketing Agreement, as amended, is less than TEN THOUSAND AND
        NO/100 DOLLARS ($10,000.00).

      

      B.    Graduate
        Stafford Loan Application.  If
        the cumulative average loan balance of all Completed Graduate Stafford Loan
        Applications received by ELServices from Marketer at the end of any calendar
        month during the term of the Marketing Agreement, as amended, is less than
        TEN
        THOUSAND AND NO/100 DOLLARS ($10,000.00).

      

      C.    Undergraduate
        Stafford Loan Application.  If
        the cumulative average loan balance of all Completed Undergraduate Stafford
        Loan
        Applications received by ELServices from Marketer at the end of any calendar
        month during the term of the Marketing Agreement, as amended, is less than
        THREE
        THOUSAND FIVE HUNDRED AND NO/100 DOLLARS ($3,500.00).

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

       

      EXHIBIT
        “2.1”

      

      MARKETING
        FEES

      (Continued)

      

      

      B.    COMPLETED
        PRIVATE CONSOLIDATION LOANS

      

      Each
        Funded Private Consolidation Loan (as defined in the Agreement) shall be
        paid to
        Marketer by ELServices in accordance with the amount set forth in the following
        chart:

       

      
        	
                 

                Funded
                  Loan Amount

              	
                Royalty
                  Fee 

                (basis
                  points)

              
	 	 
	
                Up
                  to $10,000

                 

              	
                [**]
                  bps

                 

              
	
                $10,001
                  - $15,000

                 

              	
                [**]
                  bps

                 

              
	
                $15,001
                  - $25,000

                 

              	
                [**]
                  bps

                 

              
	
                $25,001
                  - $50,000

                 

              	
                [**]
                  bps

                 

              
	
                $50,001
                  - $75,000

                 

              	
                [**]
                  bps

                 

              
	
                $75,001
                  - $100,000

                 

              	
                [**]
                  bps

                 

              
	
                $100,001
                  - $150,000

                 

              	
                [**]
                  bps

                 

              
	
                $150,001
                  - $250,000

              	
                [**]
                  bps

              

      

       

      

      

      **
        CERTAIN INFORMATION ON THIS PAGE HAS BEEN OMITTED AND FILED SEPARATELY WITH
        THE
        SECURITIES AND EXCHANGE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED
        WITH RESPECT TO THE OMITTED PORTIONS.

       

      6Amend. 3, Services Agreement

    
      

      

    

    Exhibit
      10.20

     

     

    
      [CERTAIN
        INFORMATION IN THIS DOCUMENT HAS BEEN OMITTED 

      AND
        FILED
        SEPARATELY WITH THE SECURITIES AND 

      EXCHANGE
        COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN 

      REQUESTED
        WITH RESPECT TO THE OMITTED PORTIONS.]

      

      THIRD
        AMENDMENT

      TO
        THE

      MARKETING

      AND

      ADMINISTRATIVE
        SERVICES AGREEMENT

      

      THIS
        THIRD AMENDMENT TO THE MARKETING AND ADMINISTRATIVE SERVICES AGREEMENT,
        hereinafter referred to as the “Second Amendment,” is effective on this 1st day
        of April, 2005, by and between EDUCATION LENDING SERVICES, INC., a Delaware
        corporation, formerly known as “Grad Partners, Inc.,” doing business as the
“Consolidation Assistance Program,” hereinafter referred to as “ELServices,”
having its principal place of business at 12760 High Bluff Drive,
        Suite 210, San Diego, California 92130, and RELIANT PARTNERS LLC, a
        California limited liability company, hereinafter referred to as “Marketer,”
having its business address as 11526 Sorrento Valley Road, Suite A-1, San
        Diego
        California 92121.

      

      RECITALS

      

      WHEREAS,
        ELServices and Marketer desire to amend the Marketing and Administrative
        Services Agreement between the parties, dated December 1, 2001, as amended
        by
        the First Amendment, dated April 1, 2002, Letter Agreement, executed February
        7,
        2003, and as amended by the Second Amendment, dated November 1, 2004,
        hereinafter, collectively referred to as the “Marketing Agreement,” to grant
        exclusivity to ELServices for one (1) year, to increase the Marketing Fee
        payment, and to include privacy law, independent contractor, and publicly
        trade
        company information. 

      

      WHEREAS,
        ELServices desires Marketer to exclusively market on behalf of ELServices
        FFELP
        Loans, Consolidation Loans and private Loan to LearnTM loans offered by
        ELServices, or its affiliates, (“Private Loan to LearnTM Loans”) to current and
        prospective customers of Marketer in the form of leads for Private Loan to
        LearnTM Loans; and

      

      WHEREAS,
        Marketer desires to exclusively market on behalf of ELServices the FFELP
        Loans,
        Consolidation Loans, and Private Loan to LearnTM Loans offered by or through
        ELServices, or its affiliates, on the terms and conditions hereinafter set
        forth.

      

      NOW,
        THEREFORE, in consideration of the foregoing and for other good and valuable
        consideration, the receipt and sufficiency of which are hereby acknowledged,
        the
        parties mutually agree as follows:

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

       

      1.    MARKETING
        ACTIVITIES AND SERVICES.

      

      1.1    As
        to the
        List of Marketing Activities and Services, Exhibit 1.2 is amended as set
        forth
        on Attachment “A” to this Third Amendment.

      

      2.    MARKETING
        SERVICES.

      

      2.1     Paragraph
        1.1 of Section 1 of the Marketing Agreement is hereby amended in its entirety
        as
        follows:

      

      “1.1        
        Marketer
        shall exclusively
        market,
        for a one (1) year period, beginning on April 15, 2005 and expiring on April
        14,
        2006, to all of its current and prospective customers utilizing its Website
        and
        direct marketing activities the FFELP Loans, Consolidation Loans and authorized
        under Sections 427 and 428 of the Higher Education Act of 1965, as amended
        (hereinafter referred to as the “Act”), and Private Loan to LearnTM Loans that
        are offered by and meet ELService’s FFELP Loan, Consolidation Loan, and Private
        Loan to LearnTM Loan criteria. Marketer agrees that it will not use the loan
        applications of ELServices or its affiliates for any FFELP Loan or Consolidation
        Loan not meeting such loan criteria or for any other FFELP lender during
        the
        term of this Agreement.”

      

      3.    COMPENSATION
        TO MARKETER.

      

      3.1    Beginning
        on the effective date of this Amendment, the amount of the Marketing Fee
        set
        forth in Exhibit 2.1 attached to the Marketing Agreement, for a compound
        Consolidation Loan Application shall be [**]. 

      

      3.2    Paragraph
        3.4 of the Second Amendment to the Marketing Agreement is hereby amended
        in its
        entirety as follows:

      

      Funded
        Private Loans.
        For
        purposes of this Agreement, a “Funded Private Loan” for a Private Loan to
        LearnTM
        Loan
        shall mean a private loan application received and processed by ELServices
        or
        its third party lender wherein the third party lender has funded the Private
        Loan to LearnTM
        Loan on
        behalf of the respective borrower. All compensation due Marketer for Funded
        Private Loans shall be paid within forty-five (45) days after the end of
        the
        prior calendar quarter during the term of this Agreement for which a payment
        is
        due Marketer. Each quarterly payment shall be accompanied by a report indicating
        the number of Funded Private Loans for which ELServices received payment
        from
        its third party lender resulting from the marketing and administrative
        activities of Marketer for the respective prior calendar quarter
        period.”

      

      4.    PRIVATE
        LOAN TO LEARNTM
        LOAN
        MARKETING FEES.

      

      4.1    The
        words
“Private Consolidation Loan(s)” contained in the Marketing Agreement is hereby
        removed and replaced with the words “Private Loan to LearnTM
        Loans”
effective the date of this Third Amendment. 

      

      **
        CERTAIN INFORMATION ON THIS PAGE HAS BEEN OMITTED AND FILED SEPARATELY WITH
        THE
        SECURITIES AND EXCHANGE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED
        WITH RESPECT TO THE OMITTED PORTIONS.

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

      

      5.    COMPLIANCE.

      

      5.1    Paragraph
        4.2 is hereby added to Section 4 of the Marketing Agreement as follows:

      

      “4.2       
        Marketer
        represents and shall ensure that all of its marketing activities hereunder,
        including, but not limited to its marketing materials and internet sites,
        comply
        with Regulations B, P and Z, and all other applicable federal and state laws
        and
        regulations governing the disclosure of consumer credit terms and privacy
        matters, as the same are in effect at the time. For purposes of this Agreement,
        “Regulation B” means the federal regulations governing the Equal Credit
Opportunity
        Act
        as it
        appears in Title 12, Code
        of Federal Regulations,
        Part
        202, “Regulation P” means the federal regulations governing the Privacy
        of Consumer Financial Information
        as it
        appears in Title 12, Code
        of Federal Regulations,
        Part
        216, and “Regulation Z” means the federal regulations governing the Truth
        in Lending Act
        as it
        appears in Title 12, Code
        of Federal Regulations,
        Part
        226, as each may be amended from time to time. Failure of Marketer to comply
        with the foregoing provisions is a material breach of this Agreement and
        subject
        to the termination provisions set forth in Section 5 below.”

      

      6.    TERM
        AND TERMINATION.

      

      6.1    Paragraph
        5.2 of Section 5 of the Marketing Agreement is hereby amended in its entirety
        as
        follows:

      

      “5.2       
        At
        the
        end of any calendar quarter during the term hereof beginning with the third
        (3rd) calendar quarter of year 2005, the average loan balance of all Completed
        Applications received from Marketer by CAP for such quarter period is less
        than
        THIRTY-FIVE THOUSAND AND NO/100 DOLLARS ($35,000.00);”

      

      7.    INDEPENDENT
        CONTRACTOR.

      

      6.1    Section
        22,
        along with Paragraph 22.1 is hereby added to the Marketing Agreement as
        follows:

      

      “22.1     
        The
        parties intend that the Marketer shall be an independent contractor and not
        an
        employee of CAP. This Agreement shall be construed and interpreted for all
        purposes in a manner necessary to carry out such intent. Marketer shall be
        free
        to exercise independent judgment as to the time and manner in which Marketer
        performs Marketer’s services hereunder. Marketer may use independent contractors
        and/or Registered Representatives to fulfill its obligations under this
        Agreement. Provided, however, Marketer shall bind any and all such contractors
        and Registered Representatives to the terms of this Agreement in writing.
        ELServices may, from time to time, prescribe rules and regulations with respect
        to the conduct of the business covered hereby, provided such rules and
        regulations shall not interfere with Marketer’s free exercise of independent
        judgment as set forth above. Marketer shall be responsible for providing
        worker’s compensation insurance for Marketer’s employees and agents, if any, and
        shall hold harmless, defend and indemnify ELServices from and against any
        and
        all claims arising out of any injury, disability, or death of any of Marketer’s
        employees or agents. Marketer is responsible for paying when due all income
        and
        other taxes including estimated taxes, incurred as a result of the compensation
        paid by ELServices to Marketers for services under this Agreement.”

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

      

      8.    PUBLICLY
        TRADED COMPANY.

      

      8.1    Section
        23, along with Paragraph 23.1 is hereby added to the Marketing Agreement
        as
        follows:

      

      “23.1     
        Marketer
        hereby acknowledges that it is aware that the parent of ELServices, being
        “Education Lending Group, Inc.,” is a wholly owned subsidiary of CIT Group Inc.,
        a publicly traded entity subject to the United States Securities Laws which
        prohibits any person who has received from an issuer (i.e., CIT Group Inc.)
        or
        its affiliates material nonpublic information from purchasing or selling
        securities of such issuer or from communicating such information to any other
        party under circumstances in which it is reasonably foreseeable that such
        person
        is likely to purchase or sell such securities.”

      

      9.    MARKETING
        AGREEMENT.

      

      9.1    Except
        as
        amended by this Third Amendment to the Marketing Agreement, the terms and
        conditions of the Marketing Agreement, the First Amendment, the Letter Agreement
        and the Second Amendment shall remain in full force and effect between
        ELServices and Marketer and are incorporated herein by this
        reference.

      

      IN
        WITNESS THEREOF, the parties have executed this Third Amendment to the Marketing
        and Administrative Services Agreement effective on the date first set forth
        above.

      
         

        
          	ELServices:	 	 	Marketer:
	 	 	 	 
	
                  EDUCATION LENDING SERVICES,
                    INC.

                  a Delaware corporation

                	 	 	
                  RELIANT
                    PARTNERS LLC

                  a California limited liability
                    company

                
	 	 	 	 
	 	 	 	 
	By:
                  /s/ Douglas L. Feist	 	 	By:
                  /s/ Les
                  Powell
	
                  
                    

                  

                  DOUGLAS L. FEIST

                  Senior Executive Vice President and
                    Secretary

                	 	 	
                  
                    

                  

                   LES POWELL

                  Chief Operating
                    Officer

                

        

         

        
          
             

          

          
            4

            
              

            

          

          
             

          

        

         

      

      ATTACHMENT
        “A”

      

      EXHIBIT
        “1.2”

      (As
        amended for additional services)

      

      

      LIST

      OF

      MARKETING
        ACTIVITIES AND SERVICES

      

      

      11.    Provide
        prospective applicants (i.e.
        students and parents) with:

      

      	·  	
              Comparative
                cost and benefit analysis forecasting the long term financial impact
                of
                various consolidation options and benefit programs.
                

            

      	·  	
              Private
                consumer debt seeking refinancing options.

            

      	·  	
              Financing
                options to pursue higher education 

            

      	·  	
              Detailed
                advice concerning the FASFA application process and PLUS and Stafford
                program terms and application processes. 

            

      	·  	
              Advice
                on how to build credit scores through consolidation, (debt to income
                information). 

            

      	·  	
              Extensive
                deferment and forbearance consultations. 

            

      	·  	
              Perkins
                loan forgiveness referrals for those consumers who appear to qualify
                and
                are not knowledgeable of possible forgiveness alternatives.
                

            

      
5

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