Notice of Termination of Marketing Agreement between E-LOAN, Inc. and Charles Schwab & Co., Inc.
E-LOAN, Inc. is formally notifying Charles Schwab & Co., Inc. of its decision to terminate their Marketing Agreement dated April 25, 2000. The termination will be effective no later than November 20, 2002, as allowed under Section XI of the original agreement. This letter serves as the official notice required by the contract, and copies have been sent to the relevant parties as specified in the agreement.
Exhibit 10.42
Via Facsimile and Federal Express
October 21, 2002
Mr. Richard Musci
Charles Schwab & Co., Inc.
The Schwab Building
101 Montgomery Street
San Francisco, CA 94104
Re: Marketing Agreement dated April 25, 2000 between E-LOAN, Inc. and Charles Schwab & Co., Inc. ("Marketing Agreement")
Dear Richard:
Following up on our recent discussions, please consider this letter to serve as notice of termination of the Marketing Agreement. As Section XI of the Agreement provides, termination will become effective no later than November 20, 2002.
Very truly yours,
Joseph Kennedy
JK:tj
cc: Christopher D. Dodds (per the notice provisions of the contract)
