Exhibit 10.1
AMENDMENT TO AUTO LOAN PURCHASE AND SALE AGREEMENT
THIS FIRST AMENDMENT ("Amendment') to the AUTO LOAN PURCHASE AND SALE
AGREEMENT ("Agreement") dated and effective June 5, 2000 by and between E-LOAN,
Inc. ("E-LOAN") and AmeriCredit Financial Services, Inc. ("AmeriCredit") is
entered into and effective this 1st of January, 2001:
FOR GOOD AND VALUABLE CONSIDERATION the receipt and sufficiency of
which is expressly acknowledged by the parties hereto, E-LOAN and AmeriCredit
agree as follows:
1. Section 1.5 and Exhibit E of the Agreement provide for payment of an
Origination or Referral Fee ("fee") to E-LOAN by AmeriCredit per booked
loan in an amount based on loan closure rate (see schedule below).
------------------------------- ----------------------------
Closure Rate Referral Fee
------------------------------- ----------------------------
[*] [*]
------------------------------- ----------------------------
[*] [*]
------------------------------- ----------------------------
[*] [*]
------------------------------- ----------------------------
[*] [*]
------------------------------- ----------------------------
[*] [*]
------------------------------- ----------------------------
2. From the date of this Amendment until June 30, 2001, AmeriCredit agrees
to pay E-LOAN a flat fee of [*] per booked loan with no additional
origination or referral fee payment. Beginning July 1, 2001, these flat
fee payments shall cease and the closure based pricing scheme outlined
above shall resume.
The Agreement is hereby modified and amended to incorporate the terms and
conditions set forth herein, which shall supersede and prevail over any
conflicting terms of the Agreement. Except for this change to provisions related
to payment of fees, all of the terms and conditions of the Agreement remain in
full force and effect.
AMERICREDIT FINANCIAL SERVICES, INC. E-LOAN, Inc.
By: /s/ Xxxxxxx X. Xxxxxx By: /s/ Xxxxxx X. Xxxxxxx
---------------------------- ----------------------------
Authorized Signature - Title Authorized Signature - Title
Name: Xxxxxxx X. Xxxxxx Name: Xxx Xxxxxxx
Title: Executive Vice President - Title: President and COO
e-Services
By: /s/ Xxxx Xxxxxxx
----------------------------
Authorized Signature - Title
Name: Xxxx Xxxxxxx
Title: Chief Financial Officer
