Temporary Professional Services Agreement - Broadway & Seymour Inc. and Fidelity Asset Management Services LLC
TEMPORARY PROFESSIONAL SERVICES AGREEMENT
TEMPORARY PROFESSIONAL SERVICES AGREEMENT (the "Agreement"), dated as
of May 15, 1996, by and between BROADWAY & SEYMOUR, INC., a Delaware
corporation ("BSI") and FIDELITY ASSET MANAGEMENT SERVICES, LLC, a Delaware
Limited Liability Company (the "Buyer").
WHEREAS, pursuant to an Asset Purchase Agreement dated as of April 10,
1996, as amended (the "Purchase Agreement"), the Buyer is, concurrently
herewith, purchasing certain assets relating to BSI's Asset Management
Service Group and the business conducted thereby, including certain
intellectual property owned by BancCorp System, Inc. (the "AMSG Business")
from BSI and certain of its subsidiaries; and
WHEREAS, because of BSI's prior experience with the operation of the
AMSG Business and its existing knowledge of the sources of expertise and
know-how available to furnish consulting services to that type of business, the
Buyer desires to retain BSI's assistance in providing such services, and BSI is
willing to provide such services to the Buyer, on the terms set forth herein;
and
WHEREAS, in connection herewith, BSI and Personnel (as defined below)
will have access to confidential and proprietary information of Buyer and its
affiliates, all of which is non-public, including, but not limited to, all
products designed, developed or enhanced by the Personnel.
NOW, THEREFORE, in consideration of the premises and of the mutual
agreements, provisions, covenants and conditions contained in this Agreement,
BSI and the Buyer hereby agree as follows:
SECTION SECTION 1. Definitions. Capitalized terms used
herein and not otherwise defined in this Agreement (including the schedules to
this Agreement (each a "Schedule" and,
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collectively, the "Schedules") shall have the meanings assigned such terms in
the Purchase Agreement.
SECTION 2. Effective Date. This Agreement shall become effective
and binding on the parties hereto from and after the Closing (if the Closing
shall occur).
SECTION 3. Preferred Provider. Buyer hereby designates BSI as a
preferred provider to Buyer of services of the types required by the Buyer's
customers in connection with the AMSG Business.
SECTION 4. Engagement of Personnel. (a) Buyer hereby engages BSI
to provide personnel to perform services as set forth in work orders submitted
by Buyer as hereinafter provided.
(b) During the Initial Term, as hereinafter defined, upon
receipt of a work order from Buyer, BSI agrees to locate, submit for Buyer's
approval, and contract for personnel (the "Personnel") and for Tryon (as
defined below) to provide programming and other analytical services with
respect to the AMSG Business (the "Services") as may be designated in such work
order, either utilizing those consultants of BSI listed on Schedule A or other
consultants located by BSI. BSI shall submit each Personnel-candidate to Buyer
for Buyer's approval before BSI formally contracts for his or her Services.
Thereafter, when requested by the Buyer, BSI shall ensure that Buyer's standard
Non-Disclosure Agreement for independent contractors (the "Buyer Non-Disclosure
Agreement", a copy of which shall be provided to BSI as soon as possible after
the execution of this Agreement and which shall be substantially in the form of
the document attached hereto as Schedule D, modified as appropriate to reflect
that the Personnel will be independent contractors) is completed and executed
by Personnel prior to their arrival at Buyer for any required fingerprinting,
badging and other clearances, including providing evidence of requisite
Workmen's Compensation Insurance or the waiver thereof. Whenever Personnel is
subsequently terminated or removed prior to completion of the Services, BSI
shall promptly locate a replacement in accordance with the foregoing
procedures. During the Initial Term Buyer will use its best efforts to
continue to operate the AMSG Business in a commercially reasonable manner.
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(c) After the Personnel has been contracted for they shall be
under the sole supervision and direction of Buyer with respect to the content
and performance of their Services. Personnel shall perform their assignments
in accordance with the directions of Buyer's project manager in charge of the
project to which such Personnel have been assigned, and in accordance with
Buyer's standards. While Personnel are on Buyer's premises, they shall comply
with Buyer's rules, regulations, policies and security procedures.
(d) Buyer shall have the right to have any Personnel supplied
by BSI hereunder removed as a provider of any Services, with or without cause,
upon written notice to BSI. BSI may terminate any Personnel for cause or for
unwillingness to work at Buyer's location, or for refusal to execute any
document required hereunder, whereupon BSI shall immediately notify Buyer and
withdraw such Personnel from the Buyer's location. Whenever Personnel have
been terminated as herein provided, BSI shall use reasonable efforts to furnish
Buyer with a qualified replacement as promptly as possible.
(e) Each work order submitted by Buyer to BSI shall identify
the type of Services required, the terms within which the Services are to be
performed, and an estimate of the number of hours required and the appropriate
rate.
(f) BSI agrees to use reasonable efforts to provide the Buyer
access for the purposes of the Buyer consulting with BSI personnel with regard
to the Buyer's establishment of systems and procedures to be used to replace
the Services following the expiration of this Agreement; provided, however,
that the Buyer will reimburse BSI for any direct incremental cost incurred by
BSI in providing such consultation, including, but not limited to, travel
expenses.
(g) BSI currently has a contract with Tryon System
Corporation ("Tryon") dated December 16, 1994 (the "Tryon Agreement", a copy of
which is attached hereto as Exhibit E), effective through January 1, 1997,
whereby Tryon is obligated, as a subcontractor, to perform support services for
BSI or its clients. Buyer believes it will receive a substantial benefit if
BSI does not exercise its rights to terminate the Tryon Agreement on or after
the Closing but rather subcontracts services requested by Buyer to
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the extent available under the Tryon Agreement. All such services will be
performed under Buyer's sole supervision and direction with respect to the
content and performance of such services.
SECTION 5. Payment.
(a) Buyer agrees to compensate BSI for Services rendered by
BSI's Personnel as well as services performed by Tryon on an hourly basis at
the rates specified in Schedule B, or on such other negotiated basis as BSI and
Buyer may hereafter agree in writing with respect to a specific request for
Services. The rates specified in Schedule B have been jointly developed by the
parties and reflect BSI's current average weighted cost for the Services to be
provided. Schedule B shall be reviewed by the parties at the end of each
six-month period and adjusted as appropriate to reflect any verified increase
in costs to BSI in providing such Services, including, but not limited to,
higher supply, service or equipment expenses.
In addition, any expenses reasonably incurred by Tryon and Personnel
in the performance of Services hereunder, including travel and living expenses,
if applicable, to the extent incurred in accordance with the Tryon Agreement or
previously authorized in writing by Buyer, as the case may be, shall be
reimbursed by Buyer to such Personnel or Tryon at cost upon submission of
documentation and itemization thereof.
(b) The parties estimate that Buyer will use that average
number of hours of service each month that is specified in Schedule B (the
"Estimated Service Level") during the Initial Term of this Agreement. To
provide BSI with adequate cash flow to cover its expenses in carrying out its
obligations hereunder, Buyer will, subject to the provisions of Section 9
hereof and subject to the provisions of a letter agreement between the parties
dated May 15, 1996, pay BSI for each month during the Initial Term an amount
equal to (i) 1/3 of the hourly rates specified in Schedule B for each type of
consultant multiplied by the Estimated Service Level for such type of
consultant (the "Monthly Basic Payment") plus (ii) 2/3 of the hourly rates
specified in Schedule B for the actual hours of services provided during such
month, adjusted to reflect any difference between the estimated average
weighted cost for the Services, as provided in Schedule B, and the actual cost
of the Services during such month. At the end
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of each calendar year, the parties shall make such adjustments as may be
necessary to reconcile the total payments made by Buyer with the total amount
payable by Buyer hereunder.
(c) All charges payable by the Buyer hereunder shall be
invoiced by BSI on a monthly basis (with the first month to end on the first
monthly anniversary of the Closing). All invoices must be sent to Fidelity
Asset Management Services, LLC., 82 Devonshire Street - A3C, Boston,
Massachusetts, 02109, Attention: Joseph M. Collins and shall conspicuously
bear the purchase order number to which the invoice relates and the rate
charged based upon the rate schedule. All payments from the Buyer in respect
of the Services shall be due thirty (30) days from the date of the invoice.
SECTION 6. Committed Services. Buyer agrees that, during each
month during the Initial Term, it will obtain from BSI sufficient services from
Personnel and Tryon to provide no less than the Estimated Service Level
specified on Schedule B, at the rates specified in Schedule B, as adjusted
herein. In addition, Buyer agrees that, of such aggregate hours, Buyer will
obtain sufficient services from Tryon, of the nature provided for in the Tryon
Agreement, to provide no less than the Estimated Service Level specified for
Tryon in Schedule B. In addition, Buyer agrees that, of such aggregate hours,
Buyer will obtain a sufficient number of hours of services from Tryon to cover
the minimum fixed fees under the Tryon Agreement.
In addition, BSI and the Buyer agree to negotiate in good faith
regarding the provision by BSI to the Buyer of other Personnel to perform any
other services (and the terms and conditions thereof) as are reasonably
requested by the Buyer and are not covered by this Agreement or the Schedules.
If any agreement is reached regarding such other services, it shall be
evidenced by an amendment to the Schedules, at which time such services shall
be subject to the provisions of this Agreement.
SECTION 7. Term. The term of this Agreement shall be twenty-four
(24) months after the Closing Date (the "Initial Term"), unless sooner
terminated. Any extension of the term of this Agreement must be in writing as
mutually agreed by the parties.
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SECTION 8. Termination and Cancellation Penalty
This Agreement shall automatically terminate upon the occurrence of
any of the following events: (i) BSI becomes insolvent or makes a general
assignment for the benefit of its creditors; (ii) BSI files a voluntary
petition of bankruptcy, suffers or permits the appointment of a receiver or
trustee in bankruptcy over any or all of its business or assets; (iii) BSI
becomes subject to any proceedings under any bankruptcy or insolvency law,
whether domestic or foreign, or has wound up or liquidated, voluntarily or
otherwise; (iv) BSI's admission of its inability to pay its debts generally as
they come due ((i) through (iv) collectively shall be referred to herein as
"Bankruptcy Defaults") or (v) the assignment by BSI of any of its rights or
obligations under this Agreement without Buyer's permission.
In addition, Buyer may in its discretion terminate this Agreement at
any time upon at least 30 days prior written notice.
BSI may not terminate this Agreement except in the event that Buyer
fails to cure a material breach hereof committed by Buyer within ten days after
Buyer's receipt of written notice from BSI of such breach.
Upon any termination of this Agreement by either Party hereto
(including a termination for cause by Buyer) the Tryon Agreement and all then
existing BSI contracts with Personnel for Services shall be deemed to be
assigned to, and the executory obligations thereunder assumed by, Buyer and, to
the extent that Buyer has not fulfilled its minimum commitment to obtain
Services under Section 6 hereof, Buyer shall, subject to the provisions of
Section 9, pay to BSI a cancellation penalty in an amount calculated in
accordance with Schedule C hereto; provided, however, that if this Agreement is
terminated due to a Bankruptcy Default, any amount owing to Personnel or Tryon
by BSI for services rendered prior to such Bankruptcy Default shall be deducted
from the cancellation penalty payable to BSI and paid by Buyer to such
Personnel or Tryon.
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SECTION 9. Buyer's Offset Rights. BSI and Buyer acknowledge that
in the Purchase Agreement each of them has indemnified the other against
certain Losses (as therein defined) (the "Indemnity Provisions").
BSI hereby agrees that during the Initial Term of this Agreement,
whenever Buyer has a liquidated claim against BSI under the Indemnity
Provisions, Buyer shall have the right to offset such claim or claims against
the Monthly Basic Payments otherwise due to BSI under Section 5(b) hereof until
the claim or claims have been paid in full.
BSI further agrees that, beginning with the eleventh month of the
Initial Term, whether or not Buyer has a then current claim under the Indemnity
Provisions, Buyer shall each month withhold an amount equal to the Monthly
Basic Payment for such month until it has accumulated withholdings in an
aggregate amount equal to $2,000,000 less the amount of any claims paid under
the preceding paragraph or as hereinafter provided, such amount to be held in
escrow by Buyer for the ultimate benefit of BSI and to be applied first toward
the payment of any of Buyer's liquidated claims against BSI under the Indemnity
Provisions during the balance of the Initial Term with any remaining balance at
the end of the Initial Term to be paid to BSI by Buyer.
BSI further agrees that, if this Agreement is for any reason
terminated prior to the end of the Initial Term, then Buyer may withhold and
offset against any cancellation penalty then due pursuant to Section 8 hereof
an amount equal to $2,000,000 (less the amount of the liquidated claims, if
any, paid prior thereto in accordance with the two preceding paragraphs) and
less any amounts already escrowed pursuant to the next preceding paragraph,
such amount to be held in escrow by Buyer until the second anniversary of the
date of this Agreement for the ultimate benefit of BSI and to be applied first
toward the payment of any of Buyer's liquidated claims against BSI under the
Indemnity Provisions which arise prior to such anniversary with any balance
remaining on such anniversary to be paid to BSI; provided, however, that, if on
such second anniversary there are any pending unliquidated claims by Buyer
under the Indemnity Provisions, then that portion of the balance of said escrow
fund as of such date reasonably required to pay Buyer's good faith estimate of
the amount of such claims shall continue to be held in
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escrow as aforesaid until such claims have been paid or otherwise disposed of
at which time any remaining balance shall be paid to BSI.
For purposes of this Section, "liquidated claim" shall mean any claim
of Buyer under the Indemnity Provisions which has been reduced to a final
amount either by mutual agreement of the Buyer and BSI or by a final judgment
or settlement in accordance with the Indemnity Provisions.
The Parties agree that the provisions of this Section 9 shall survive
any Termination of this Agreement and continue in full force and effect until
the escrow provisions hereof have been fulfilled.
SECTION 10. Limitation of Liability. Neither party shall be
liable for any delays beyond its reasonable control or for any direct,
consequential or incidental damages, including, without limitation, loss of
profits or damage to or loss of use of any property arising out of or directly
or indirectly relating to the provision of the Services pursuant to this
Agreement, except to the extent of either party's willful misconduct or gross
negligence. Nothing in this Section 10 shall be construed as limiting Buyer's
obligation to pay BSI the amount required by Section 5, 6, 8 and 9 hereunder.
SECTION 11. Access to Information. The Buyer agrees to provide to
BSI all information necessary for BSI to provide the Services required pursuant
to this Agreement. BSI shall maintain all such information in confidence in
accordance with the provisions of Section 13 hereof.
SECTION 12. Successors and Assigns. This Agreement shall be
binding on and inure to the benefit of the parties hereto and their respective
successors and permitted assigns. This Agreement shall not be assigned by
either party, without the consent of the other party hereto and such attempted
assignment shall be null and void, provided, however, that the Buyer shall have
the right to assign its rights hereunder to any Affiliate of the Buyer which
succeeds to the business of the Buyer relating to the AMSG Business; provided
further, however, that such assignee shall execute a counterpart of this
Agreement agreeing to be bound by the provisions hereof as the "Buyer," and
agreeing to
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be jointly and severally liable with the assignor and any other assignee for
all of the obligations of the assignor hereunder, but no such assignment of
this Agreement or any of the rights or obligations hereunder shall relieve the
Buyer of its obligations under this Agreement.
SECTION 13. Confidentiality. BSI agrees not to disclose to others,
advertise or publish that it is performing or has performed any work or service
on behalf of Buyer whether under this Agreement or otherwise.
BSI acknowledges and understands the competitive value and
confidential nature of internal, non-public financial and business information
of Buyer. BSI also understands that all information relating thereto
("Proprietary Information") is confidential, proprietary and trade secrets of
Buyer and its Affiliates. BSI agrees to use its best efforts (the same being
not less than that employed to protect its own proprietary information) to
safeguard the Proprietary Information and to prevent the unauthorized,
negligent or inadvertent use or disclosure thereof. Specifically and without
limiting the foregoing, BSI agrees to require Personnel to be bound by a
written Buyer Non-Disclosure Agreement.
BSI shall not, without the prior written approval of an
officer of Buyer, directly or indirectly, use or disclose the Proprietary
Information to any person or business entity except to a limited number of
employees of BSI on a need-to-know basis. BSI shall not in any manner copy or
reproduce all or any portion of the Proprietary Information without the prior
written approval of an officer of Buyer.
Notwithstanding anything in this Agreement to the contrary,
BSI may disclose such Proprietary Information: (a) as may be legally required
in response to any summons, order or subpoena issued by a court or governmental
agency, provided BSI provides Buyer with immediate notification of such
summons, order or subpoena; (b) which is or becomes available to the general
public through no act or failure by BSI; (c) which is subsequently disclosed to
BSI on a non-confidential basis by a third party not having a confidential
relationship with Buyer or its Affiliates which rightfully acquired such
information.
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BSI shall, upon completion or other termination of any
Personnel's engagement or upon demand by Buyer, whichever is earlier, promptly
return to Buyer any and all Proprietary Information relating to such engagement
in BSI's possession together with any copies or reproductions thereof in BSI's
possession. BSI shall at such time provide Buyer with a certificate signed by
an officer of BSI certifying that all such Proprietary Information has been
returned to Buyer.
BSI shall promptly notify Buyer in writing upon learning of
any unauthorized, negligent or inadvertent use or disclosure of Proprietary
Information.
BSI acknowledges and understands that the use or disclosure of
the Proprietary Information in any manner inconsistent with this Agreement will
cause Buyer irreparable damage. Buyer shall have the right to: (i) equitable
and injunctive relief to prevent such unauthorized, negligent or inadvertent
use or disclosure; and (ii) recover the amount of all such damage (including
attorneys' fees and expenses) to Buyer in connection with such use or
disclosure.
BSI authorizes Buyer, its Affiliates and their agents to
conduct a security and background investigation of Personnel including, but not
limited to, parties for whom Personnel have performed services, governmental
agencies, credit reporting institutions, educational institutions, and other
companies, agencies, and organizations.
The provisions of this Article shall survive the termination
or cancellation of this Agreement or any agreement for services between BSI and
Buyer.
SECTION 14. Ownership. BSI shall require each Personnel to sign
the Buyer Non-Disclosure Agreement. In addition, BSI hereby assigns to Buyer
all of its rights, title and interest under Section 5.4 of the Tryon Agreement.
BSI agrees when requested by Buyer to execute all rightful
oaths, assignments, instruments of transfer, powers of attorney and other
papers and to communicate to Buyer all facts known to BSI relating to the
development, implementation and reduction to practice of any inventions by
Personnel or Tryon within the scope of this
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Agreement and to do everything reasonably possible which Buyer may consider
desirable for securing and maintaining protection of any copyrights, inventions
and trade secrets created within the scope of this Agreement and vesting title
thereto in Buyer. BSI further agrees, where necessary to obtain the agreement
and cooperation of all employees, officers, agents and subcontractors of BSI
who may reasonably be considered an inventor or co-inventor of an
implementation, development, modification or reduction to practice of any such
inventions or an author of any such copyright to assign their entire right,
title and interest in and to the inventions and/or copyright to Buyer and to
execute all oaths, declarations, powers of attorney and the like as Buyer may
reasonably request in furtherance of its attempts to protect the inventions by
way of patent or otherwise.
SECTION 15. Independent Contractor. The relationship of each party
that is created hereunder is that of an independent contractor. This Agreement
is not intended to create and shall not be construed as creating between the
parties the relationship of affiliate, principal and agent, joint venture,
partnership, or any other similar relationship, the existence of which is
hereby expressly denied. Nothing in this Agreement shall be construed to
create an employer-employee relationship between Buyer and any Personnel
supplied by BSI.
SECTION 16. Insurance. BSI, at its own expense, shall procure and
maintain policies of insurance to include the following coverage:
(i) Workers' Compensation Insurance coverage for its own
employees that meets or exceeds the applicable
statutory limits, as well as Employer's Liability
coverage with limits of at least $500,000;
(ii) Comprehensive General Liability Insurance of at least
$1,000,000 combined single limit; and
(iii) Comprehensive Automobile Liability Insurance,
including Automobile Non-Ownership Liability, with a
limit of not less than $1,000,000 and Umbrella or
Excess Liability Insurance in an amount not less than
$5,000,000.
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BSI shall furnish Buyer with a Certificate of Insurance evidencing the
coverage listed above and, where applicable, naming Buyer as an additional
insured. No insurance policies listed above may be canceled by BSI unless
Buyer has received ten (10) business days prior written notice of BSI's intent
to cancel such policy. Nothing in this Section 16 shall be deemed to limit
BSI's responsibility under this Agreement to the amounts stated above or to any
limits of BSI's insurance policies.
SECTION 17. Notice. Any notice, request, instruction or other
document to be given hereunder by any party hereto to any other party (other
than the written documentation which is part of the Services, which shall be
furnished to the Buyer at its address as requested by it) shall be in writing
and shall be given (and will be deemed to have been duly given upon receipt) by
delivery in person, by electronic facsimile transmission, cable, telegram,
telex or other standard form of telecommunications, by overnight courier or by
registered or certified mail, postage prepaid, addressed as follows.
if to BSI:
Broadway & Seymour, Inc.
128 South Tryon Street
Charlotte, North Carolina 28202
Attention: General Counsel
Telecopy: (704) 344-3542
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with a copy to:
Robinson, Bradshaw & Hinson, PA
One Independence Center
101 North Tryon Street, Suite 1900
Charlotte, North Carolina 28246-1900
Attention: Robert Bryan, Esq.
Telecopy: (704) 378-4000
if to the Buyer to:
Fidelity Asset Management Services, LLC
Fidelity Systems Company
82 Devonshire Street
Boston, MA 02109
Attention: Joseph M. Collins
Telecopy: (617) 476-6699
With copies to:
Ropes & Gray
One International Place
Boston, MA 02110
Telecopy: 617-951-7050
Attention: John A. Ritsher, Esq.
or at such other address for a party as shall be specified by written notice.
SECTION 18. Modification and Waiver. No amendment, modification or
alteration of the terms or provisions of this Agreement or any Schedule shall
be binding unless the same shall be in writing and duly executed by the parties
hereto, except that any of the terms or provisions of this Agreement or any
Schedule may be waived in writing at any time by the party which is entitled to
the benefits of such waived terms or provisions. No waiver of any of the
provisions of this Agreement or any Schedule shall be deemed to or shall
constitute a waiver of any other provision of this Agreement or any Schedule,
whether or not similar. No waiver by any party of any breach or violation of
this Agreement or any Schedule shall be deemed or construed as a waiver of any
subsequent
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breach or violation thereof, whether or not similar. No delay on the part of
any party in exercising any right, power or privilege hereunder or under any
Schedule shall operate as a waiver thereof.
SECTION 19. Entire Agreement. Except for and without limiting any
party's rights under the Purchase Agreement, this Agreement and the Schedules
constitute the entire agreement and understanding between the parties and
supersede all prior proposals, commitments, negotiations and understandings,
whether written or oral, and all other communications between the parties
relating to the subject matter hereof.
SECTION 20. Governing Law. This Agreement shall be governed by and
construed in accordance with the domestic substantive laws of the Commonwealth
of Massachusetts, without giving effect to any choice or conflict of law
provision or rule that would cause the application of the laws of any other
jurisdiction.
SECTION 21. Severability. The provisions of this Agreement and the
Schedules shall be deemed severable and the invalidity or unenforceability of
any provision shall not affect the validity or enforceability of the other
provisions hereof or of any Schedule. If any provision of this Agreement or
any Schedule, or the application thereof to any person or entity or any
circumstance, is invalid or unenforceable: (i) a suitable and equitable
provision shall be substituted therefor in order to carry out, so far as may be
valid and enforceable, the intent and purpose of such invalid or unenforceable
provision; and (ii) the remainder of this Agreement and the Schedules and the
application of such provision to other persons, entities or circumstances shall
not be affected by such invalidity or unenforceability, nor shall such
invalidity or unenforceability affect the validity or enforceability of such
provision, or the application thereof, in any other jurisdiction.
SECTION 22. Third Party Beneficiaries. Except as expressly
provided herein, nothing in this Agreement or in any Schedule shall entitle any
Person other than the parties or their respective successors and assigns
permitted hereby to any claim, cause of action, remedy or right of any kind.
SECTION 23. Force Majeure. BSI shall be excused for failure to
provide the Services hereunder to the extent that such failure is directly or
indirectly caused by an occurrence commonly known as force majeure. In the
event that BSI's performance hereunder is affected by an event of force
majeure, BSI shall promptly notify the Buyer of the same, giving reasonably
full particulars thereof, and insofar as known, the probable
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extent to which it will be unable to perform, or will be delayed in performing,
its obligations hereunder and shall use its reasonable efforts to remove such
force majeure as quickly as possible.
SECTION 24. Counterparts. This Agreement may be executed in any
number of counterparts, each of which shall be deemed to be an original and all
of which together shall be deemed to be one and the same document.
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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the day and year first above written.
BROADWAY & SEYMOUR, INC.
By: /s/ Alan C. Stanford
-----------------------------------
Name: Alan C. Stanford
Title: President
FIDELITY ASSET MANAGEMENT
SERVICES, LLC
By: /s/ Paul Hondros
-----------------------------------
Name:
Title: President
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TEMPORARY PROFESSIONAL SERVICES AGREEMENT
SCHEDULE A
CONSULTANTS
Company Individual
------- ----------
Tryon Systems
Computer Personnel
CAI
Rishavy, Adreinne
Sawyer & Associates Sawyer, P.
Advanced Software Maas, J.
Advanced Software Shaw, D.
Strategic Staffing Cooper, A
Strategic Staffing Denkler, D.
Strategic Staffing Geiger, R.
Strategic Staffing Moffitt, W.
IMI Systems Cocivera, J.
IMI Systems Francis, L.
IMI Systems Spilker, A.
IMI Systems Moreno, R.
Olmstead Bennet, M.
Olmstead Brayman, L.
Olmstead Bracken, P.
Olmstead Ramsdel, L.
Olmstead Wilson, R.
Olmstead Marinilli, N.
Computer Professionals (CPI) Sciranko, R.
Computer Professionals (CPI) St. Vincent, L.
Corporate Staffing Ryan, S.
Corporate Staffing McBride, S.
Ciber Rowan, M.
Ciber Gordon, K.
Ciber Coffey, M.
Adia Personnel Services Ferguson, P.
Adia Personnel Services Amidan, P.
Dawn Personnel Cooper, M.
Dawn Personnel Cassidy, D.
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Office Team Sisk, T.
Fusion Systems Group Hogan, J.
Fusion Systems Group Holzinger, S.
Fusion Systems Group Kraffmiller, E.
Fusion Systems Group Nash, M.
Seek Consulting Lypka, D.
Seek Consulting Gaines, J.
Seek Consulting Mehta, M.
Seek Consulting Abraham, I.
Seek Consulting Gordon, K.
Computer People, Inc. Abraham, I.
Kelly Services Lowrey, M.
SPC Midwinter, R.
Premier Alliance Shivaiah, V.
Premier Alliance Chaware, R.
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TEMPORARY PROFESSIONAL SERVICES AGREEMENT
SCHEDULE B
FEE SCHEDULE
Est. Service Level Average Weighted
(per month) Cost/hour
Tryon Consultants 1,500 $136.49
Personnel 2,889 $80.58
-----
4,389
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SCHEDULE C
CANCELLATION PENALTY
The cancellation penalty shall be calculated by multiplying the Monthly Basic
Payment by the number of months remaining until the originally scheduled end of
the Initial Term.