<PAGE>   1
                                                                   EXHIBIT 10.15




                            STOCK PURCHASE AGREEMENT

                            DATED FEBRUARY 26, 1998,

                      AND EFFECTIVE AS OF FEBRUARY 1, 1998,

                                  BY AND AMONG

                         ABR INFORMATION SERVICES, INC.,
                             A FLORIDA CORPORATION,

                              CHARING COMPANY, INC.
                            A WISCONSIN CORPORATION,

                                DONALD A. SMART,
                               RICHARD L. BONDOW,
                                 JOHN C. HAASE,
                                 JODI K. HOLMAN,
                             DANIEL J. JARECKI, AND
                               DONALD W. SCHMIDT,
                                AS SHAREHOLDERS,

                                       AND

                                DONALD A. SMART,
                             AS SHAREHOLDERS' AGENT






<PAGE>   2



                            STOCK PURCHASE AGREEMENT
                                TABLE OF CONTENTS


<TABLE>
<S>      <C>                                                                  <C>
1.       PURCHASE AND SALE OF SHARES.........................................  1

2.       PURCHASE PRICE - PAYMENT............................................  1
         2.1.         Purchase Price.........................................  1
         2.2.         Payment of Purchase Price..............................  5

3.       JOINT AND SEVERAL REPRESENTATIONS AND WARRANTIES OF
         COMPANY AND SHAREHOLDERS............................................  7
         3.1.         Corporate..............................................  7
         3.2.         Shareholders...........................................  8
         3.3.         No Violation...........................................  9
         3.4.         Financial Statements...................................  9
         3.5.         Tax Matters............................................ 10
         3.6.         Accounts Receivable.................................... 11
         3.7.         Absence of Certain Changes............................. 11
         3.8.         Absence of Undisclosed Liabilities..................... 13
         3.9.         No Litigation.......................................... 13
         3.10.        Compliance With Laws and Orders........................ 14
         3.11.        Title to and Condition of Properties................... 16
         3.12.        Insurance.............................................. 17
         3.13.        Contracts and Commitments.............................. 18
         3.14.        Labor Matters.......................................... 20
         3.15.        Employee Benefit Plans................................. 21
         3.16.        Employment Compensation................................ 25
         3.17.        Trade Rights........................................... 25
         3.18.        Major Customers and Suppliers.......................... 26
         3.19.        Service Warranty and Liability......................... 27
         3.20.        Bank Accounts.......................................... 27
         3.21.        Affiliates' Relationships to Company................... 27
         3.22.        Assets Necessary to Business........................... 28
         3.23.        No Brokers or Finders.................................. 28
         3.24.        Year 2000 Compliance .................................. 28
         3.25.        Systems Performance  .................................. 28
         3.26.        Disclosure............................................. 29

4.       REPRESENTATIONS AND WARRANTIES OF BUYER............................. 29
         4.1.         Corporate.............................................. 29
         4.2.         Authority.............................................. 29
         4.3.         No Brokers or Finders.................................. 30
         4.4.         Disclosure............................................. 30
         4.5.         Investment Intent...................................... 30

5.       COVENANTS........................................................... 31
         5.1.         Section 338(h)(10) Election............................ 31
         5.2.         Employment and Noncompetition Agreement................ 32
         5.3.         Noncompetition; Confidentiality........................ 32
         5.4.         General Releases....................................... 34
         5.5.         Errors and Omissions Gap Coverage...................... 34
</TABLE>

                                       ii

<PAGE>   3



<TABLE>
<S>      <C>                                                                  <C>
6.       INDEMNIFICATION..................................................... 34
         6.1.         By Shareholders........................................ 34
         6.2.         By Buyer............................................... 34
         6.3.         Indemnification of Third-Party Claims.................. 35
         6.4.         Payment................................................ 36
         6.5.         Indemnification for Environmental Matters.............. 36
         6.6.         Limitations on Indemnification......................... 37
         6.7.         No Waiver.............................................. 38
         6.8.         Exclusive Remedies . . . . . .......................... 38

7.       CLOSING............................................................. 39
         7.1.         Documents to be Delivered by Company and
                      Shareholders........................................... 39
         7.2.         Documents to be Delivered by Buyer..................... 40

8.       TERMINATION......................................................... 41

9.       RESOLUTION OF DISPUTES.............................................. 41
         9.1.         Arbitration............................................ 41
         9.2.         Arbitrators............................................ 42
         9.3.         Procedures; No Appeal.................................. 42
         9.4.         Authority.............................................. 42
         9.5.         Entry of Judgment...................................... 42
         9.6.         Confidentiality........................................ 42
         9.7.         Continued Performance.................................. 42
         9.8.         Tolling................................................ 43

10.      MISCELLANEOUS....................................................... 43
         10.1.        Disclosure Schedule.................................... 43
         10.2.        Further Assurance...................................... 43
         10.3.        Disclosures and Announcements.......................... 44
         10.4.        Assignment; Parties in Interest........................ 44
         10.5.        Law Governing Agreement................................ 44
         10.6.        Amendment and Modification............................. 44
         10.7.        Notice................................................. 44
         10.8.        Expenses............................................... 46
         10.9.        Tax Records............................................ 47
         10.10.       Entire Agreement....................................... 47
         10.11.       Counterparts........................................... 47
         10.12.       Headings............................................... 47
         10.13.       Shareholders' Agent; Power of Attorney................. 47
         10.14.       Glossary of Terms...................................... 49
</TABLE>


                                       iii

<PAGE>   4



                               DISCLOSURE SCHEDULE


<TABLE>
<S>                        <C>      <C>                      
Schedule 3.1.(c)           -        Foreign Corporation Qualification
Schedule 3.1.(e)           -        Directors and Officers of the
                                    Company
Schedule 3.1.(f)           -        Shareholder List
Schedule 3.2.(c)           -        Title Exceptions
Schedule 3.3               -        Violation, Conflict, Default
Schedule 3.4               -        Financial Statements
Schedule 3.5.(b)           -        Tax Returns (Exceptions to
                                    Representations)
Schedule 3.5.(d)           -        Consolidated Group Membership
Schedule 3.6               -        Accounts Receivable (Aged Schedule)
Schedule 3.7               -        Certain Changes
Schedule 3.8               -        Off-Balance Sheet Liabilities
Schedule 3.9               -        Litigation Matters
Schedule 3.10.(a)          -        Non-Compliance with Laws
Schedule 3.10.(b)          -        Licenses and Permits
Schedule 3.10.(c)          -        Environmental Matters (Exceptions
                                    to Representations)
Schedule 3.11              -        Liens
Schedule 3.11.(c)          -        Real Property
Schedule 3.12              -        Insurance
Schedule 3.13.(b)          -        Personal Property Leases
Schedule 3.13.(d)          -        Significant Sales Commitments
Schedule 3.13.(e)          -        Contracts with Affiliates and
                                    Certain Others
Schedule 3.13.(g)          -        Collective Bargaining Agreements
Schedule 3.13.(h)          -        Loan Agreements, etc.
Schedule 3.13.(i)          -        Guarantees
Schedule 3.13.(l)          -        Material Contracts
Schedule 3.14              -        Labor Matters
Schedule 3.15.(a)          -        Employee Plans/Agreements
Schedule 3.15.(e)          -        Controlled Group, Etc.
Schedule 3.15.(f)          -        Employee Plans/Agreements Payments
                                    and Compliance
Schedule 3.16              -        Employment Compensation
Schedule 3.17              -        Trade Rights
Schedule 3.18.(a)          -        Major Customers
Schedule 3.18.(b)          -        Major Suppliers
Schedule 3.18.(c)          -        Sales Representatives
Schedule 3.19              -        Service Warranty, Warranty Expense
                                    and Liability Claims
Schedule 3.20              -        Bank Accounts
Schedule 3.21.(a)          -        Contracts with Affiliates
Schedule 3.21.(c)          -        Obligations of and to Affiliates
Schedule 3.24              -        Year 2000 Noncompliance
Schedule 5.1               -        Purchase Price Allocation
</TABLE>



                                       iv

<PAGE>   5



                            STOCK PURCHASE AGREEMENT

              STOCK PURCHASE AGREEMENT (this "Agreement"), dated February 26,
1998, and effective as of February 1, 1998, by and among ABR Information
Services, Inc., a Florida corporation ("Buyer"), Charing Company, Inc., a
Wisconsin corporation ("Company"), Donald A. Smart, Richard L. Bondow, John C.
Haase, Jodi K. Holman, Daniel J. Jarecki and Donald W. Schmidt (individually
"Shareholder" and together the "Shareholders"), and Donald A. Smart (the
Shareholders' Agent").


                                    RECITALS

              1.     Company is engaged in the business of providing pension
administrative services to third parties (the "Charing Business"). Shareholders
own all of the issued and outstanding shares (the "Shares") of capital stock of
Company.

              2.     Company's facilities consist solely of leased offices at 7
North Pinckney Street, Suite 100, Madison, Wisconsin 53703 (the "Madison
office"), 16655 West Bluemound Road, Suite 290, Brookfield, Wisconsin 53005 (the
"Brookfield office"), and 505 King Street, Suite 200, P.O. Box 3059, Lacrosse,
Wisconsin 54602- 3059 (the "Lacrosse office") (collectively, the "Facilities").

              3.     Buyer desires to purchase the Shares from Shareholders and
Shareholders desire to sell the Shares to Buyer, upon the terms and conditions
herein set forth.

              4.     Shareholders wish to designate Donald A. Smart as their
agent and attorney-in-fact, with the authority to act on their behalf in
connection with the sale of the Shares to Buyer.

              NOW THEREFORE, in consideration of the foregoing and the
respective representations, warranties, covenants, agreements and conditions
hereinafter set forth, and intending to be legally bound hereby, the parties
hereto agree as follows.


1.     PURCHASE AND SALE OF SHARES

       Subject to the terms and conditions of this Agreement, effective as of
the Effective Date (as hereinafter defined) Shareholders shall sell to Buyer and
Buyer shall purchase from Shareholders all of the Shares.


2.     PURCHASE PRICE - PAYMENT

       2.1.   Purchase Price.

              2.1.(a) Amount. The aggregate purchase price (the "Purchase
       Price") payable for the Shares shall be the sum of


<PAGE>   6



       (a) SEVEN MILLION FIVE HUNDRED THOUSAND DOLLARS ($7,500,000) and (b) a
       contingent payment (the "Contingent Payment") based on the Charing
       Business' incremental increase in pretax profitability for the
       twelve-month period commencing February 1, 1998 and ending on January 31,
       1999 (the "1998 Period") as compared to the twelve-month period
       commencing February 1, 1997 and ending on January 31, 1998 (the "1997
       Period"). All payments of Purchase Price are to be made for pro rata
       distribution among the Shareholders in accordance with their respective
       shareholdings in the Company.

              2.1.(b) Calculation of Contingent Payment. The Contingent Payment
       shall equal the product of (i) six, multiplied by (ii) the dollar amount
       obtained by subtracting the Company's net earnings before income taxes
       ("EBIT") for the 1997 Period ("1997 EBIT") from the Company's EBIT for
       the 1998 Period ("1998 EBIT"). Thus, if for example, Company's 1997 EBIT
       equalled $1,100,000 and Company's 1998 EBIT equals $1,300,000, then the
       Contingent Payment will equal $1.2 million (six times $0.2 million),
       resulting in an aggregate Purchase Price of $8.7 million.

              2.1.(c) Calculation of EBIT. The calculation of Company's EBIT for
       any period shall include revenue received from pension administration
       services provided by Company but shall not include revenue received from
       COBRA administration services or other services not performed by Company
       as of the date hereof but offered by Buyer or any of its subsidiaries or
       affiliates. Except as expressly provided herein, the calculation of EBIT
       for any period shall be made in accordance with generally accepted
       accounting principles applied on a consistent basis, subject to the
       following adjustments:

                     (i)    Any depreciation or amortization adjustments
              resulting solely from the transactions contemplated by this
              Agreement shall not be included for purposes of calculating 1998
              EBIT.

                     (ii)   Notwithstanding Company's actual expenses for the
              1998 Period relating to items and functions (such as property and
              casualty insurance, errors and omissions insurance, health and
              welfare programs, accounting functions and human resource
              functions) that Shareholders' Agent and Buyer mutually agree shall
              be provided to Company by Buyer or another subsidiary thereof,
              Company shall record as an expense for purposes of calculating
              1998 EBIT the same dollar amount as it recorded in calculating
              1997 EBIT with respect to such items and functions.

                     (iii)  The reasonable costs and expenses of Morton, Nehls &
              Tierney, S.C. associated with the

                                        2

<PAGE>   7



              preparation of Company's audited financial statements for the 1996
              and 1997 calendar years and Company's federal and State of
              Wisconsin tax returns for the 1997 calendar year and 1998 S
              corporation fiscal period of January 1 through January 31, shall
              be borne by Company, but shall not be included for purposes of
              calculating 1997 EBIT or 1998 EBIT.

                     (iv)   To the extent that any employee of Company shall be
              required to travel to Buyer's Florida offices at Buyer's request,
              Buyer shall make and pay for directly all necessary travel and
              lodging arrangements.

                     (v)    The calculation of 1998 EBIT shall not exclude any
              expense item (or series of related items) relating to personnel
              matters or exceeding $10,000 annually, unless such exclusion has
              been preapproved in writing by Buyer.

                     (vi)   Shareholders' Agent shall review with Buyer on a
              monthly basis any and all expense items Shareholders' Agent
              desires to exclude for purposes of calculating 1998 EBIT.

                     (vii)  Buyer (or any subsidiary of Buyer) may generate new
              pension administrative services sales revenue for Company during
              the 1998 Period ("New Company Revenue"). Company may generate for
              Buyer during the 1998 Period new COBRA administrative services
              sales revenue (or other new business for similar administrative
              services not performed by Company as of the date hereof) ("New
              Buyer Revenue"). If New Company Revenue and/or New Buyer Revenue
              is generated during the 1998 Period, Buyer and Company agree to
              make a reasonable determination of the sales and other reasonable
              costs incurred (A) by Company to obtain the New Buyer Revenue and
              (B) by Buyer to obtain the New Company Revenue, for purposes of
              calculating Company's 1998 EBIT. The mutually agreed upon costs
              incurred by Buyer (or any subsidiary of Buyer) in generating the
              New Company Revenue shall be included for purposes of calculating
              the 1998 EBIT. The mutually agreed upon costs incurred by Company
              in generating New Buyer Revenue shall be excluded for purposes of
              calculating the 1998 EBIT. The New Company Revenue shall be
              included in calculating 1998 EBIT and the New Buyer Revenue shall
              be excluded in calculating 1998 EBIT.

                     (viii) The $9,800 Wisconsin recycling tax for the Company's
              fiscal period from January 1 through February 1, 1998, shall be
              paid by Company when due and shall be excluded from the
              calculation of 1997 EBIT and 1998 EBIT.

                                        3

<PAGE>   8




                     (ix)   The imputed interest expense on the Buyer
              Distribution Loan (as hereinafter defined) shall be included in
              the calculation of 1998 EBIT.

              2.1.(d) Distribution of 1997 EBIT. The Company's EBIT for calendar
       year 1997 and EBIT for the period from January 1, 1998 through January
       31, 1998 ("January 1998 EBIT") shall be distributed pro rata to the
       Shareholders on or before the Closing Date in accordance with their
       respective shareholdings in the Company as set forth in Schedule 3.1(f);
       provided, however, that (i) the Company shall have a minimum net worth as
       of both the Effective Date and the Closing Date of $100,000, and (ii) at
       no time from the Effective Date through the Closing Date shall the
       Company's cash balance fall below $100,000. Anything in this Agreement to
       the contrary notwithstanding, for purposes of calculating the January
       1998 EBIT, the $10,000 fee paid by the Company to Morton, Nehls &
       Tierney, S.C. for preparing the Company's audited financial statements
       for the 1996 and 1997 calendar years shall not be deducted as an expense
       of the Company for January, 1998. To the extent possible, the
       distribution of calendar year 1997 EBIT and January 1998 EBIT shall be
       funded out of the Company's available cash (subject to the foregoing
       minimum net worth and available cash requirements). The balance of the
       cash necessary to fund said distribution of calendar year 1997 EBIT and
       January 1998 EBIT shall be provided in accordance with Section 2.1(e).

              2.1.(e) Distribution Loan. Buyer agrees to loan Company on the
       Closing Date an amount equal to (i) the Company's accrued Shareholder
       distribution amount of $337,838 as of December 31, 1997, plus (ii)
       January 1998 EBIT, minus (iii) the total Shareholder distributions made
       by Company to the Shareholders on or before the Closing Date which
       Company was permitted to make from its available cash under Section
       2.1(d) and still meet the financial covenants stated therein. The loan
       described in this Section 2.1(e) is referred to herein as the "Buyer
       Distribution Loan." The proceeds of the Buyer Distribution Loan shall
       then be distributed to the Shareholders on the Closing Date so that by
       the Closing Date, the Shareholders shall have received total
       distributions equal to the Company's $337,838 accrued Shareholder
       distribution amount as of December 31, 1997, plus January 1998 EBIT. The
       Buyer Distribution Loan shall be repaid in full by Company to Buyer
       during the 1998 Period. To the extent it is repaid after such time, the
       unpaid principal balance as of such date shall be charged in full against
       1998 EBIT, provided that the Distribution Loan has been repaid through
       such date to the

                                        4

<PAGE>   9



       extent of available cash flow of the Company during the 1998 Period.

              2.1.(f) Interest on Buyer Distribution Loan. The calculation of
       Company's 1998 EBIT shall include an imputed interest expense to Company
       equal to interest calculated on the outstanding principal balance of the
       Buyer Distribution Loan which remains unpaid from time to time, at the
       rate announced from time to time by NationsBank, N.A. (or its successor)
       as its prime rate. Interest on the Buyer Distribution Loan calculated
       under this Section 2.1(f) shall commence on the date the Buyer
       Distribution Loan is made to the Company and continue until the Buyer
       Distribution Loan is repaid.

       2.2.   Payment of Purchase Price. The Purchase Price shall be paid by
Buyer as follows:

              2.2.(a) Cash to Shareholders' Agent. At the Closing, Buyer shall
       deliver to the Shareholders' Agent the sum of Seven Million Dollars
       ($7,000,000.00), to be allocated among the Shareholders pro rata in
       accordance with their respective shareholdings in Company as set forth in
       Schedule 3.1.(f).

              2.2.(b) Contingent Payment. The initial calculation of the
       Contingent Payment shall be made by the Shareholders' Agent, who shall
       deliver his calculation within thirty (30) days following the end of the
       1998 Period to Buyer for its review and comment. If Shareholders' Agent
       and Buyer are able to agree in writing upon the amount of the Contingent
       Payment within fifteen (15) days following delivery of the initial
       calculation to Buyer, then Buyer shall pay such amount. Such payment of
       the Contingent Payment, if any, shall be made to the Shareholders' Agent
       within forty-five (45) calendar days following the close of the 1998
       Period. In the event Buyer and Shareholders' Agent cannot agree on the
       amount of the Contingent Payment within forty-five (45) calendar days
       following the close of the 1998 Period, then the determination of the
       contingent payment shall be submitted to binding arbitration in
       accordance with Article 9 of this Agreement.

              2.2.(c) Purchase Price Holdback.

                     (i)    On the Closing Date, Buyer will transfer the sum of
              Five Hundred Thousand Dollars ($500,000) to a segregated
              interest-bearing account with a bank or other financial
              institution with a combined capital and surplus in excess of
              $50,000,000, which amount shall be held by Buyer in such account
              for the purpose of securing the indemnification obligations of
              Company and Shareholders under this Agreement. For purposes
              hereof, "Holdback Period" shall mean the

                                        5

<PAGE>   10



              period commencing on the date hereof and ending one (1) year from
              the date hereof, subject to extension as hereinafter provided.

                     (ii)   If, prior to the expiration of the Holdback Period,
              Buyer determines to assert a claim for indemnification under
              Article 6 of this Agreement, then Buyer shall give the
              Shareholders' Agent written notice of such claim (for purposes of
              this Section 2.2(c), a "Claim Notice"), specifying in reasonable
              detail the basis therefor and the amount and calculation thereof.
              If the Shareholders' Agent does not deliver to Buyer written
              notice of an objection to the claim for indemnification within
              twenty (20) days after receipt of the Claim Notice relating
              thereto, Buyer shall be entitled to withdraw the dollar amount of
              its claim (as set forth in the Claim Notice) from the segregated
              account. If the Shareholders' Agent shall timely deliver to Buyer
              such written notice of objection, then Buyer shall not make a
              withdrawal from the segregated account with respect to the claim
              set forth in the Claim Notice until: (x) Buyer and Shareholders'
              Agent have executed joint written instructions referring to such
              Claim Notice and directing Buyer to withdraw, for Buyer's own
              account, funds from the segregated account; or (y) Buyer has
              received a copy of a judgment, decree or order of a court, or copy
              of an arbitration award, adjudicating the dispute with respect to
              such claim for indemnification; whereupon Buyer shall withdraw
              from the segregated account, for Buyer's own account, such amount
              as provided therein.

                     (iii)  If Buyer has not delivered a Claim Notice to
              Shareholders' Agent prior to the expiration of the Holdback
              Period, or if any and all Claim Notices delivered to Shareholders'
              Agent during the Holdback Period have been resolved pursuant to
              subsection (ii) above, then Buyer shall deliver to Shareholders'
              Agent the portion of the funds held in the segregated account
              equal to (x) $500,000, less (y) any amounts withdrawn by Buyer as
              provided herein, plus (z) any interest earned with respect to such
              amount. Buyer shall deliver such amount to the Shareholders' Agent
              promptly after the expiration of the Holdback Period, unless one
              or more Claim Notice(s) have not been finally resolved pursuant to
              subsection (ii) above, in which case Buyer shall retain such
              amount in the segregated account until: (a) Buyer and
              Shareholders' Agent have executed joint written instructions
              referring to such Claim Notice(s) and directing Buyer as to the
              disbursement of the funds in the segregated account; or (b) Buyer
              has received a copy of a judgment, decree or order of a

                                        6

<PAGE>   11



              court, or copy of an arbitration award, adjudicating the dispute
              with respect to such Claim Notice(s); whereupon Buyer shall
              disburse the funds in the segregated account as provided therein.

              2.2.(d) Method of Payment. All payments under this Section 2.2
       shall be made in the form of certified or bank cashier's check payable to
       the order of the recipient or, at the recipient's option, by wire
       transfer of immediately available funds to an account designated by the
       recipient not less than 48 hours prior to the time for payment specified
       herein.


3.     JOINT AND SEVERAL REPRESENTATIONS AND WARRANTIES OF COMPANY AND
       SHAREHOLDERS

       Company and Shareholders, jointly and severally, make the following
representations and warranties to Buyer, each of which was true and correct on
the Effective Date (other than Section 3.2(b)), remains true as of the Closing
Date, shall be unaffected by any investigation heretofore or hereafter made by
Buyer, or any knowledge of Buyer other than as specifically disclosed in the
Disclosure Schedule delivered to Buyer at the time of the execution of this
Agreement, and shall survive the Closing of the transactions provided for herein
as provided in Article 6. Regardless of the foregoing, the representations and
warranties set forth in Section 3.2 are made severally by each Shareholder, with
respect to such Shareholder only.

       3.1.   Corporate.

              3.1.(a) Organization. Company is a corporation duly organized,
       validly existing and in good standing under the laws of the State of
       Wisconsin.

              3.1.(b) Corporate Power. Company has all requisite corporate power
       and authority to own, operate and lease its properties and to carry on
       its business as and where such is now being conducted.

              3.1.(c) Qualification. Company is duly licensed or qualified to do
       business as a foreign corporation, and is in good standing, in each
       jurisdiction wherein the character of the properties owned or leased by
       it, or the nature of its business, makes such licensing or qualification
       necessary. The states in which Company is licensed or qualified to do
       business are listed in Schedule 3.1.(c).

              3.1.(d) Subsidiaries. Company does not own any interest in any
       corporation, partnership or other entity.


                                        7

<PAGE>   12



              3.1.(e) Corporate Documents, etc. The copies of the Amended and
       Restated Articles of Incorporation and By-Laws of the Company, including
       any amendments thereto, which have been delivered by Shareholders to
       Buyer are true, correct and complete copies of such instruments as
       presently in effect. The corporate minute book and stock records of the
       Company which have been furnished to Buyer for inspection are true,
       correct and complete and accurately reflect all material corporate action
       taken by the Company. The directors and officers of the Company are
       listed in Schedule 3.1.(e).

              3.1.(f) Capitalization of the Company. The authorized capital
       stock of the Company consists entirely of 56,000 shares of common stock,
       par value $0.90 per share. No shares of such capital stock are issued or
       outstanding except for 5,250 shares of common stock of the Company which
       are owned of record and beneficially by Shareholders in the respective
       numbers set forth in Schedule 3.1.(f). All such shares of capital stock
       of the Company are validly issued, fully paid and nonassessable. There
       are no (a) securities convertible into or exchangeable for any of the
       Company's capital stock or other securities, (b) options, warrants or
       other rights to purchase or subscribe to capital stock or other
       securities of the Company or securities which are convertible into or
       exchangeable for capital stock or other securities of the Company, or (c)
       contracts, commitments, agreements, understandings or arrangements of any
       kind relating to the issuance, sale or transfer of any capital stock or
       other equity securities of the Company, any such convertible or
       exchangeable securities or any such options, warrants or other rights.

       3.2.   Shareholders.

              3.2.(a) Power. Each Shareholder has full power, legal right and
       authority to enter into, execute and deliver this Agreement and the other
       agreements, instruments and documents contemplated hereby (such other
       documents sometimes referred to herein as "Ancillary Instruments"), and
       to carry out the transactions contemplated hereby.

              3.2.(b) Validity. This Agreement has been duly and validly
       executed and delivered by each Shareholder and is, and when executed and
       delivered each Ancillary Instrument will be, the legal, valid and binding
       obligation of such Shareholder, enforceable in accordance with its terms,
       except as such may be limited by bankruptcy, insolvency, reorganization
       or other laws affecting creditors' rights generally, and by general
       equitable principles.

              3.2.(c) Title. Except as set forth in Schedule 3.2.(c), each
       Shareholder has, and Buyer is receiving, good

                                        8

<PAGE>   13



       and marketable title to the Shares to be sold by such Shareholder
       hereunder, free and clear of all Liens (as defined in Section 3.12)
       including, without limitation, voting trusts or agreements, proxies,
       marital or community property interests.

       3.3.   No Violation. Except as set forth on Schedule 3.3, neither the
execution and delivery of this Agreement or the Ancillary Instruments nor the
consummation by Company and Shareholders of the transactions contemplated hereby
and thereby (a) will violate any statute, law, ordinance, rule or regulation
(collectively, "Laws") or any order, writ, injunction, judgment, plan or decree
(collectively, "Orders") of any court, arbitrator, department, commission,
board, bureau, agency, authority, instrumentality or other body, whether
federal, state, municipal, foreign or other (collectively, "Government
Entities"), (b) will require any authorization, consent, approval, exemption or
other action by or notice to any Government Entity (including, without
limitation, under any "plant-closing" or similar law), or (c) subject to
obtaining the consents referred to in Schedule 3.3, will violate or conflict
with, or constitute a default (or an event which, with notice or lapse of time,
or both, would constitute a default) under, or will result in the termination
of, or accelerate the performance required by, or result in the creation of any
Lien upon any of the assets of Company (or the Shares) under, any term or
provision of the Amended and Restated Articles of Incorporation or By-Laws of
Company or of any contract, commitment, understanding, arrangement, agreement or
restriction of any kind or character to which Company or any Shareholder is a
party or by which Company or any Shareholder or any of its or their assets or
properties may be bound or affected.

       3.4.   Financial Statements. Included as Schedule 3.4 are true and
complete copies of the financial statements of Company consisting of (i) balance
sheets of Company as of December 31, 1996 and 1997, and the related statements
of income and cash flows for the years then ended (including the notes contained
therein or annexed thereto), which financial statements have been reported on,
and are accompanied by, the signed, unqualified opinions of Morton, Nehls &
Tierney, S.C., independent auditors for Company for such years; and (ii) a
compiled balance sheet of the Company as of January 31, 1998, and the related
compiled statements of income and cash flows for the one month then ended. The
audited balance sheet of the Company as of December 31, 1997 is hereinafter
referred to as the "Recent Balance Sheet." All of such financial statements
(including all notes and schedules contained therein or annexed thereto) are
true, complete and accurate, have been prepared in accordance with generally
accepted accounting principles (except, in the case of compiled statements, for
the absence of footnote disclosure) applied on a consistent basis, have been
prepared in accordance with the books and records of Company, and fairly
present, in accordance with generally

                                        9

<PAGE>   14



accepted accounting principles, the assets, liabilities and financial position,
the results of operations and cash flows of Company as of the dates and for the
years and periods indicated.

       3.5.   Tax Matters.

              3.5.(a) Provision For Taxes. The provision made for taxes on the
       Recent Balance Sheet is sufficient for the payment of all federal, state,
       foreign, county, local and other income, ad valorem, excise, profits,
       franchise, occupation, property, payroll, sales, use, gross receipts and
       other taxes (and any interest and penalties) and assessments, whether or
       not disputed, at the date of the Recent Balance Sheet and for all years
       and periods prior thereto. Since the date of the Recent Balance Sheet,
       Company has not incurred any taxes other than taxes incurred in the
       ordinary course of business consistent in type and amount with past
       practices of Company. Notwithstanding the foregoing, Company will be
       required to pay two State of Wisconsin recycling tax assessments in
       calendar 1998. The assessment for the fiscal period from January 1
       through February 1, 1998 will equal $9,800. The recycling tax assessment
       for the balance of calendar 1998 will equal the lesser of (i) Company's
       net income for that fiscal period multiplied by .004345, and (ii) $9,800.

              3.5.(b) Tax Returns Filed. Except as set forth on Schedule
       3.5.(b), all federal, state, foreign, county, local and other tax returns
       required to be filed by or on behalf of Company have been timely filed
       and when filed were true and correct in all material respects, and the
       taxes shown as due thereon were paid or adequately accrued. True and
       complete copies of all tax returns or reports filed by Company for each
       of its six most recent fiscal years have been delivered to Buyer. Company
       has duly withheld and paid all taxes which it is required to withhold and
       pay relating to salaries and other compensation heretofore paid to the
       employees of Company.

              3.5.(c) Tax Audits. The federal and state income tax returns of
       Company have never been audited by the Internal Revenue Service or any
       state taxing authorities. Company has not received from the Internal
       Revenue Service or from the tax authorities of any state, county, local
       or other jurisdiction any notice of underpayment of taxes or other
       deficiency which has not been paid nor any objection to any return or
       report filed by Company. There are outstanding no agreements or waivers
       extending the statutory period of limitations applicable to any tax
       return or report.

              3.5.(d) No Consolidated Group. Except as set forth in Schedule
       3.5(d), Company has never been a member of an affiliated group of
       corporations that filed a consolidated tax

                                       10

<PAGE>   15



       return. The Company does not have any liability for the taxes of any
       person or entity under Sections 1.1502-6 or 1.1502-78 of Title 26 of the
       Code of Federal Regulations (or any similar provisions of state, local or
       foreign income tax laws).

              3.5.(e) S Corporation. Company properly and timely filed a valid
       election under Section 1362 of the Internal Revenue Code of 1986, as
       amended (the "Code"), to be treated as an S corporation ("S Corp") as
       defined under Section 1361 of the Code for federal income tax purposes
       effective from January 1, 1989 and has corresponding elections in effect
       under the laws of Wisconsin. Such elections have remained in effect since
       January 1, 1989. Except for transactions contemplated by this Agreement,
       neither Company nor any of the Shareholders has taken any action, nor has
       any event occurred, that would result in the revocation or termination of
       any of such elections effective on or after January 1, 1989. Company is
       not subject to the tax imposed by Section 1374 of the Code (or any
       equivalent state statute) and Company does not have a "net unrealized
       built-in gain" as such phrase is defined in Section 1374(d) of the Code
       (or any equivalent state statute).

              3.5.(f) Other. The Company has never (i) filed any consent or
       agreement under Section 341(f) of the Code, (ii) applied for any tax
       ruling, (iii) entered into a closing agreement with any taxing authority,
       (iv) filed an election under Section 338(g) or Section 338(h)(10) of the
       Code (nor has a deemed election under Section 338(e) of the Code
       occurred), except as contemplated hereby, (v) made any payments, or been
       a party to an agreement (including this Agreement) that under any
       circumstances could obligate it to make payments that will not be
       deductible because of Section 280G of the Code, or (vi) been a party to
       any tax allocation or tax sharing agreement. The Company is not a "United
       States real property holding company" within the meaning of Section 897
       of the Code.

       3.6.   Accounts Receivable. All accounts receivable of Company reflected
on the Recent Balance Sheet, and all accounts receivable accrued in the normal
course of business since the date thereof, represent arm's length sales actually
made in the ordinary course of business; are collectible (net of a five percent
(5%) allowance for doubtful accounts, even though no reserve is shown on the
Recent Balance Sheet for doubtful accounts) in the ordinary course of business
without the necessity of commencing legal proceedings; are subject to no
counterclaim or setoff; and are not in dispute. Schedule 3.6 contains an aged
schedule of accounts receivable included in the Recent Balance Sheet.

       3.7.   Absence of Certain Changes. Except as and to the extent set forth
in Schedule 3.7, since the date of the Recent Balance Sheet there has not been:

                                       11

<PAGE>   16




              3.7.(a) No Adverse Change. Any adverse change in the financial
       condition, assets, liabilities, business, prospects or operations of
       Company;

              3.7.(b) No Damage. Any loss, damage or destruction, whether
       covered by insurance or not, affecting the Company, its properties or the
       Charing Business;

              3.7.(c) No Increase in Compensation. Any increase in the
       compensation, salaries or wages payable or to become payable to any
       employee or agent of Company (including, without limitation, any increase
       or change pursuant to any bonus, pension, profit sharing, retirement or
       other plan or commitment), or any bonus or other employee benefit
       granted, made or accrued;

              3.7.(d) No Labor Disputes. Any labor dispute or disturbance, other
       than routine individual grievances which are not material to the
       business, financial condition or results of operations of Company.

              3.7.(e) No Commitments. Any commitment or transaction by Company
       (including, without limitation, any borrowing or capital expenditure)
       other than in the ordinary course of business consistent with past
       practice;

              3.7.(f) No Dividends. Any declaration, setting aside, or payment
       of any dividend or any other distribution in respect of Company's capital
       stock; any redemption, purchase or other acquisition by Company of any
       capital stock of Company, or any security relating thereto; or any other
       payment to any shareholder of Company as such a shareholder;

              3.7.(g) No Disposition of Property. Any sale, lease or other
       transfer or disposition of any properties or assets of Company, other
       than sales, leases, transfers or other dispositions made in the ordinary
       course of business and consistent with past practice;

              3.7.(h) No Indebtedness. Any indebtedness for borrowed money
       incurred, assumed or guaranteed by Company;

              3.7.(i) No Liens. Any mortgage, pledge, lien or encumbrance made
       on any of the properties or assets of Company;

              3.7.(j) No Amendment of Contracts. Any entering into, amendment or
       termination by Company of any contract, or any waiver of material rights
       thereunder, other than in the ordinary course of business;


                                       12

<PAGE>   17



              3.7.(k) Loans and Advances. Any loan or advance (other than (i)
       advances to employees in the ordinary course of business for travel and
       entertainment in accordance with past practice or (ii) other advances
       equal to less than $1,000 individually and $5,000 in the aggregate) to
       any person including, but not limited to, any Affiliate (for purposes of
       this Agreement, the term "Affiliate" shall mean and include: all
       Shareholders, directors and officers of Company; the spouse of any such
       person; any person who would be the heir or descendant of any such person
       if he or she were not living; and any entity in which any of the
       foregoing has a direct or indirect interest, except through ownership of
       less than 5% of the outstanding shares of any entity whose securities are
       listed on a national securities exchange or traded in the national
       over-the-counter market);

              3.7.(l) Credit. Any grant of credit to any customer or distributor
       on terms or in amounts more favorable than those which have been extended
       to such customer or distributor in the past, any other change in the
       terms of any credit heretofore extended, or any other change of Company's
       policies or practices with respect to the granting of credit; or

              3.7.(m) No Unusual Events. Any other event or condition not in the
       ordinary course of business of Company.

       3.8.   Absence of Undisclosed Liabilities. Except as and to the extent
specifically disclosed in the Recent Balance Sheet, or in Schedule 3.8, Company
does not have any liabilities, commitments or obligations (secured or unsecured,
and whether accrued, absolute, contingent, direct, indirect or otherwise), other
than commercial liabilities and obligations incurred since the date of the
Recent Balance Sheet in the ordinary course of business and consistent with past
practice and none of which has or will have a material adverse effect on the
business, financial condition or results of operations of Company. Except as and
to the extent described in the Recent Balance Sheet or in Schedule 3.8, neither
Company nor any Shareholder has knowledge of any basis for the assertion against
Company of any liability and there are no circumstances, conditions, happenings,
events or arrangements, contractual or otherwise, which may give rise to
liabilities, except commercial liabilities and obligations incurred in the
ordinary course of Company's business and consistent with past practice.

       3.9.   No Litigation. Except as set forth in Schedule 3.9 there is no
action, suit, arbitration, proceeding, investigation or inquiry, whether civil,
criminal or administrative ("Litigation"), pending or threatened against
Company, its directors (in such capacity), its business or any of its assets,
nor does Company or any Shareholder know, or have grounds to know, of any basis
for any Litigation. Schedule 3.9 also identifies all Litigation to which

                                       13

<PAGE>   18



Company or any of its directors (in such capacity) have been parties since
January 1, 1992. Except as set forth in Schedule 3.9, neither Company nor its
business or assets is subject to any Order of any Government Entity.

       3.10.  Compliance With Laws and Orders.

              3.10.(a) Compliance. Except as set forth in Schedule 3.10.(a),
       Company (including each and all of its operations, practices, properties
       and assets) is in compliance with all applicable Laws and Orders,
       including, without limitation, those applicable to discrimination in
       employment, occupational safety and health, trade practices, competition
       and pricing, product warranties, zoning, building and sanitation,
       employment, retirement and labor relations, product advertising and the
       Environmental Laws as hereinafter defined. Except as set forth in
       Schedule 3.10.(a), Company has not received notice of any violation or
       alleged violation of, and is subject to no Liability for past or
       continuing violation of, any Laws or Orders. All reports and returns
       required to be filed by Company with any Government Entity have been
       filed, and were accurate and complete when filed. Without limiting the
       generality of the foregoing:

                     (i)    The operation of Company's business as it is now
              conducted does not, nor does any condition existing at any of the
              Facilities, in any manner constitute a nuisance or other tortious
              interference with the rights of any person or persons in such a
              manner as to give rise to or constitute the grounds for a suit,
              action, claim or demand by any such person or persons seeking
              compensation or damages or seeking to restrain, enjoin or
              otherwise prohibit any aspect of the conduct of such business or
              the manner in which it is now conducted.

                     (ii)   Company has made all required payments to its
              unemployment compensation reserve accounts with the appropriate
              governmental departments of the states where it is required to
              maintain such accounts, and each of such accounts has a positive
              balance.

                     (iii)  Company has delivered to Buyer copies of all reports
              of Company for the past five (5) years required under the federal
              Occupational Safety and Health Act of 1970, as amended, and under
              all other applicable health and safety laws and regulations. The
              deficiencies, if any, noted on such reports have been corrected.


                                       14

<PAGE>   19



              3.10.(b) Licenses and Permits. Company has all licenses, permits,
       approvals, authorizations and consents of all Government Entities and all
       certification organizations required for the conduct of the business (as
       presently conducted and as proposed to be conducted) and operation of the
       Facilities. All such licenses, permits, approvals, authorizations and
       consents are described in Schedule 3.10.(b), are in full force and effect
       and will not be affected or made subject to loss, limitation or any
       obligation to reapply as a result of the transactions contemplated
       hereby. Except as set forth in Schedule 3.10.(b), Company (including its
       operations, properties and assets) is and has been in compliance with all
       such permits and licenses, approvals, authorizations and consents.

              3.10.(c) Environmental Matters. The applicable Laws relating to
       pollution or protection of the environment, including Laws relating to
       emissions, discharges, generation, storage, releases or threatened
       releases of pollutants, contaminants, chemicals or industrial, toxic,
       hazardous or petroleum or petroleum-based substances or wastes ("Waste")
       into the environment (including, without limitation, ambient air, surface
       water, ground water, land surface or subsurface strata) or otherwise
       relating to the manufacture, processing, distribution, use, treatment,
       storage, disposal, transport or handling of Waste including, without
       limitation, the Clean Water Act, the Clean Air Act, the Resource
       Conservation and Recovery Act, the Toxic Substances Control Act and the
       Comprehensive Environmental Response Compensation Liability Act
       ("CERCLA"), as amended, and their state and local counterparts are herein
       collectively referred to as the "Environmental Laws". Without limiting
       the generality of the foregoing provisions of this Section 3.10, Company
       is in full compliance with all limitations, restrictions, conditions,
       standards, prohibitions, requirements, obligations, schedules and
       timetables contained in the Environmental Laws or contained in any
       regulations, code, plan, order, decree, judgment, injunction, notice or
       demand letter issued, entered, promulgated or approved thereunder. Except
       as set forth in Schedule 3.10.(c), there is no Litigation nor any demand,
       claim, hearing or notice of violation pending or threatened against
       Company relating in any way to the Environmental Laws or any Order
       issued, entered, promulgated or approved thereunder. Except as set forth
       in Schedule 3.10.(c), there are no past or present (or, to the best of
       Company's and the Shareholders' knowledge, future) events, conditions,
       circumstances, activities, practices, incidents, actions, omissions or
       plans which may interfere with or prevent compliance or continued
       compliance with the Environmental Laws or with any Order issued, entered,
       promulgated or approved thereunder, or which may give rise to any
       liability, including, without limitation, liability under CERCLA or

                                       15

<PAGE>   20



       similar state or local Laws, or otherwise form the basis of any
       Litigation, hearing, notice of violation, study or investigation, based
       on or related to the manufacture, processing, distribution, use,
       treatment, storage, disposal, transport or handling, or the emission,
       discharge, release or threatened release into the environment, of any
       Waste.

       3.11.  Title to and Condition of Properties.

              3.11.(a) Marketable Title. Company has good and marketable title
       to all of Company's assets, business and properties, including, without
       limitation, all such properties (tangible and intangible) reflected in
       the Recent Balance Sheet, free and clear of all mortgages, liens,
       (statutory or otherwise) security interests, claims, pledges, licenses,
       equities, options, conditional sales contracts, assessments, levies,
       easements, covenants, reservations, restrictions, rights-of-way,
       exceptions, limitations, charges or encumbrances of any nature whatsoever
       (collectively, "Liens") except those described in Schedule 3.11. None of
       Company's assets, business or properties are subject to any restrictions
       with respect to the transferability thereof; and the Company's title
       thereto will not be affected in any way by the transactions contemplated
       hereby.

              3.11.(b) Condition. All property and assets owned or utilized by
       Company are in good operating condition and repair, free from any defects
       (except such minor defects as do not interfere with the use thereof in
       the conduct of the normal operations of Company), have been maintained
       consistent with the standards generally followed in the industry and are
       sufficient to carry on the business of Company as conducted during the
       preceding 12 months. All buildings, plants and other structures owned or
       otherwise utilized by Company are in good condition and repair and have
       no structural defects or defects affecting the plumbing, electrical,
       sewerage, or heating, ventilating or air conditioning systems.

              3.11.(c) Real Property. Schedule 3.11.(c) sets forth all real
       property owned, leased, used or occupied by Company (the "Real
       Property"), including a description of all land, and all encumbrances,
       easements or rights of way of record (or, if not of record, of which
       Company has notice or knowledge) granted on or appurtenant to or
       otherwise affecting such Real Property, the zoning classification
       thereof, and all plants, buildings or other structures located thereon.
       Schedule 3.11.(c) also sets forth, with respect to each parcel of Real
       Property which is leased, the material terms of such lease. There are now
       in full force and effect duly issued certificates of occupancy permitting
       the Real Property and improvements located thereon to be legally used and
       occupied as the same are now constituted. All of the Real Property has

                                       16

<PAGE>   21



       permanent rights of access to dedicated public highways. No fact or
       condition exists which would prohibit or adversely affect the ordinary
       rights of access to and from the Real Property from and to the existing
       highways and roads and there is no pending or threatened restriction or
       denial, governmental or otherwise, upon such ingress and egress. To the
       best of Company's and Shareholders' knowledge, there is not (i) any claim
       of adverse possession or prescriptive rights involving any of the Real
       Property, (ii) any structure located on any Real Property which
       encroaches on or over the boundaries of neighboring or adjacent
       properties or (iii) any structure of any other party which encroaches on
       or over the boundaries of any of such Real Property. To the best of
       Company's and Shareholders' knowledge, none of the Real Property is
       located in a flood plain, flood hazard area, wetland or lakeshore erosion
       area within the meaning of any Law, regulation or ordinance. No public
       improvements have been commenced and to the best of Company's and
       Shareholders' knowledge none are planned which in either case may result
       in special assessments against or otherwise materially adversely affect
       any Real Property. To the best of Company's and Shareholders' knowledge,
       no portion of any of the Real Property has been used as a landfill or for
       storage or landfill of hazardous or toxic materials. Neither Company nor
       any Shareholder has notice or knowledge of any (i) planned or proposed
       increase in assessed valuations of any Real Property, (ii) Order
       requiring repair, alteration, or correction of any existing condition
       affecting any Real Property or the systems or improvements thereat, (iii)
       condition or defect which could give rise to an order of the sort
       referred to in "(ii)" above, (iv) underground storage tanks, or any
       structural, mechanical, or other defects of material significance
       affecting any Real Property or the systems or improvements thereat
       (including, but not limited to, inadequacy for normal use of mechanical
       systems or disposal or water systems at or serving the Real Property), or
       (v) work that has been done or labor or materials that has or have been
       furnished to any Real Property during the period of six (6) months
       immediately preceding the date of this Agreement for which liens could be
       filed against any of the Real Property.

              3.11.(d) No Condemnation or Expropriation. Neither the whole nor
       any portion of the property or any other assets of Company is subject to
       any Order to be sold or is being condemned, expropriated or otherwise
       taken by any Government Entity with or without payment of compensation
       therefor, nor to the best of Company's and Shareholders' knowledge has
       any such condemnation, expropriation or taking been proposed.

       3.12.  Insurance. Set forth in Schedule 3.12 is a complete and accurate
list and description of all policies of fire, liability, errors and omissions,
electronic data processing,

                                       17

<PAGE>   22



workers compensation, health and other forms of insurance presently in effect
with respect to the business and properties of Company, true and correct copies
of which have heretofore been delivered to Buyer. Schedule 3.12 includes,
without limitation, the carrier, the description of coverage, the limits of
coverage, retention or deductible amounts, amount of annual premiums, date of
expiration and the date through which premiums have been paid with respect to
each such policy, and any pending claims in excess of $5,000. All such policies
are valid, outstanding and enforceable policies and provide insurance coverage
for the properties, assets and operations of Company, of the kinds, in the
amounts and against the risks customarily maintained by organizations similarly
situated; and no such policy (nor any previous policy) provides for or is
subject to any currently enforceable retroactive rate or premium adjustment,
loss sharing arrangement or other actual or contingent liability arising wholly
or partially out of events arising prior to the date hereof. Schedule 3.12
indicates each policy as to which (a) the coverage limit has been reached or (b)
the total incurred losses to date equal 75% or more of the coverage limit. No
notice of cancellation or termination has been received with respect to any such
policy, and neither Company nor any Shareholder has knowledge of any act or
omission of Company which could result in cancellation of any such policy prior
to its scheduled expiration date. Company has not been refused any insurance
with respect to any aspect of the operations of the business nor has its
coverage been limited by any insurance carrier to which it has applied for
insurance or with which it has carried insurance during the last three years.
Company has duly and timely made all claims it has been entitled to make under
each policy of insurance. Since January 1, 1989, all general liability policies
maintained by or for the benefit of Company have been "occurrence" policies and
not "claims made" policies. There is no claim by Company pending under any
errors and omissions, electronic data processing, general liability or similar
policy as to which coverage has been questioned, denied or disputed by the
underwriters of such policies, and neither Company nor any of the Shareholders
knows of any basis for denial of any claim under any such policy. Company has
not received any written notice from or on behalf of any insurance carrier
issuing any such policy that insurance rates therefor will hereafter be
substantially increased (except to the extent that insurance rates may be
increased for all similarly situated risks) or that there will hereafter be a
cancellation or an increase in a deductible (or an increase in premiums in order
to maintain an existing deductible) or nonrenewal of any such policy. Such
policies are sufficient in all material respects for compliance by Company with
all requirements of law and with the requirements of all material contracts to
which Company is a party.

       3.13.  Contracts and Commitments.

              3.13.(a) Real Property Leases. Except as set forth in Schedule
       3.11.(c), Company has no leases of real property.

                                       18

<PAGE>   23




              3.13.(b) Personal Property Leases. Except as set forth in Schedule
       3.13.(b), Company has no leases of personal property involving
       consideration or other expenditure in excess of $5,000 or involving
       performance over a period of more than three months.

              3.13.(c) Purchase Commitments. Company has no purchase commitments
       for inventory items or supplies that, together with amounts on hand,
       constitute in excess of three months normal usage, or which are at an
       excessive price.

              3.13.(d) Sales Commitments. Except as set forth in Schedule
       3.13.(d), Company has no sales contracts or commitments to customers
       which aggregate in excess of $150,000 to any one customer (or group of
       affiliated customers). Company has no sales contracts or commitments
       except those made in the ordinary course of business, at arm's length,
       and no such contracts or commitments are for a sales price which would
       result in a loss to the Company.

              3.13.(e) Contracts With Affiliates and Certain Others. Except as
       set forth in Schedule 3.13(e), Company has no agreement, understanding,
       contract or commitment (written or oral) with any Affiliate or any
       employee, agent, consultant, distributor, dealer or franchisee that is
       not immediately cancelable by Company without liability, penalty or
       premium of any nature or kind whatsoever.

              3.13.(f) Powers of Attorney. The Company has not given a power of
       attorney, which is currently in effect, to any person, firm or
       corporation for any purpose whatsoever.

              3.13.(g) Collective Bargaining Agreements. Except as set forth in
       Schedule 3.13.(g), Company is not a party to any collective bargaining
       agreements with any unions, guilds, shop committees or other collective
       bargaining groups. Copies of all such agreements have heretofore been
       delivered to Buyer.

              3.13.(h) Loan Agreements. Except as set forth in Schedule
       3.13.(h), Company is not obligated under any loan agreement, promissory
       note, letter of credit, or other evidence of indebtedness as a signatory,
       guarantor or otherwise.

              3.13.(i) Guarantees. Except as disclosed on Schedule 3.13.(i),
       Company has not guaranteed the payment or performance of any person, firm
       or corporation, agreed to indemnify any person or act as a surety, or
       otherwise agreed to be contingently or secondarily liable for the
       obligations of any person.


                                       19

<PAGE>   24



              3.13.(j) Contracts Subject to Renegotiation. Company is not a
       party to any contract with any governmental body which is subject to
       renegotiation.

              3.13.(k) Restrictive Agreements. Company is not a party to nor is
       it bound by any agreement requiring Company to assign any interest in any
       trade secret or proprietary information, or prohibiting or restricting
       Company from competing in any business or geographical area or soliciting
       customers or otherwise restricting it from carrying on its business
       anywhere in the world.

              3.13.(l) Other Material Contracts. Company has no lease, contract
       or commitment of any nature involving consideration or other expenditure
       in excess of $ 5,000, or involving performance over a period of more than
       three months, or which is otherwise individually material to the
       operations of Company, except as explicitly described in Schedule
       3.13.(l).

              3.13.(m) No Default. Company is not in default under any lease,
       contract or commitment, nor has any event or omission occurred which
       through the passage of time or the giving of notice, or both, would
       constitute a default thereunder or cause the acceleration of any of
       Company's obligations or result in the creation of any Lien on any of the
       assets owned, used or occupied by Company. No third party is in default
       under any lease, contract or commitment to which Company is a party, nor
       has any event or omission occurred which, through the passage of time or
       the giving of notice, or both, would constitute a default thereunder or
       give rise to an automatic termination, or the right of discretionary
       termination, thereof.

       3.14.  Labor Matters. Except as set forth in Schedule 3.14, within the
last five years Company has not experienced any labor disputes, union
organization attempts or any work stoppage due to labor disagreements in
connection with its business. Except to the extent set forth in Schedule 3.14,
(a) Company is in compliance with all applicable laws respecting employment and
employment practices, terms and conditions of employment and wages and hours,
and is not engaged in any unfair labor practice; (b) there is no unfair labor
practice charge or complaint against Company pending or threatened; (c) there is
no labor strike, dispute, request for representation, slowdown or stoppage
actually pending or threatened against or affecting Company nor any secondary
boycott with respect to products of Company; (d) no question concerning
representation has been raised or is threatened respecting the employees of
Company; (e) no grievance which might have a material adverse effect on Company,
nor any arbitration proceeding arising out of or under collective bargaining
agreements, is pending and no such claim therefor exists; and (f) there are no
administrative charges

                                       20

<PAGE>   25



or court complaints against Company concerning alleged employment discrimination
or other employment related matters pending or threatened before the U.S. Equal
Employment Opportunity Commission or any Government Entity.

       3.15.  Employee Benefit Plans.

              3.15.(a) Disclosure. Schedule 3.15.(a) sets forth all pension,
       thrift, savings, profit sharing, retirement, incentive bonus or other
       bonus, medical, dental, life, accident insurance, benefit, employee
       welfare, disability, group insurance, stock purchase, stock option, stock
       appreciation, stock bonus, executive or deferred compensation,
       hospitalization and other similar fringe or employee benefit plans,
       programs and arrangements, and any employment or consulting contracts,
       "golden parachutes," collective bargaining agreements, severance
       agreements or plans, vacation and sick leave plans, programs,
       arrangements and policies, including, without limitation, all "employee
       benefit plans" (as defined in Section 3(3) of the Employee Retirement
       Income Security Act of 1974, as amended ("ERISA")), all employee manuals,
       and all written or binding oral statements of policies, practices or
       understandings relating to employment, which are provided to, for the
       benefit of, or relate to, any persons employed by Company ("Company
       Employees"). The items described in the foregoing sentence are
       hereinafter sometimes referred to collectively as "Employee
       Plans/Agreements," and each individually as an "Employee Plan/Agreement."
       True and correct copies of all the Employee Plans/Agreements, including
       all amendments thereto, have heretofore been provided to Buyer. Each of
       the Employee Plans/Agreements is identified on Schedule 3.15.(a), to the
       extent applicable, as one or more of the following: an "employee pension
       benefit plan" (as defined in Section 3(2) of ERISA), a "defined benefit
       plan" (as defined in Section 414 of the Code), an "employee welfare
       benefit plan" (as defined in Section 3(1) of ERISA), and/or as a plan
       intended to be qualified under Section 401 of the Code. No Employee
       Plan/Agreement is a "multiemployer plan" (as defined in Section 4001 of
       ERISA), and Company has never contributed nor been obligated to
       contribute to any such multiemployer plan.

              3.15.(b) Terminations, Proceedings, Penalties, etc. With respect
       to each employee benefit plan (including, without limitation, the
       Employee Plans/Agreements) that is subject to the provisions of Title IV
       of ERISA and with respect to which the Company or any of its assets may,
       directly or indirectly, be subject to any Liability, contingent or
       otherwise, or the imposition of any Lien (whether by reason of the
       complete or partial termination of any such plan, the funded status of
       any such plan, any "complete withdrawal" (as defined in Section 4203 of
       ERISA) or "partial withdrawal" (as defined in Section

                                       21

<PAGE>   26



       4205 of ERISA) by any person from any such plan, or otherwise):

                            (i)    no such plan has been terminated so as to
              subject, directly or indirectly, any assets of Company to any
              liability, contingent or otherwise, or the imposition of any lien
              under Title IV of ERISA;

                            (ii)   no proceeding has been initiated or
              threatened by any person (including the Pension Benefit Guaranty
              Corporation ("PBGC")) to terminate any such plan;

                            (iii)  no condition or event currently exists or
              currently is expected to occur that could subject, directly or
              indirectly, any assets of Company to any liability, contingent or
              otherwise, or the imposition of any lien under Title IV of ERISA,
              whether to the PBGC or to any other person or otherwise on account
              of the termination of any such plan;

                            (iv)   if any such plan were to be terminated as of
              the Closing Date, no assets of Company would be subject, directly
              or indirectly, to any liability, contingent or otherwise, or the
              imposition of any lien under Title IV of ERISA;

                            (v)    no "reportable event" (as defined in Section
              4043 of ERISA) has occurred with respect to any such plan;

                            (vi)   no such plan which is subject to Section 302
              of ERISA or Section 412 of the Code has incurred any "accumulated
              funding deficiency" (as defined in Section 302 of ERISA and
              Section 412 of the Code, respectively), whether or not waived; and

                            (vii)  no such plan is a multiemployer plan or a
              plan described in Section 4064 of ERISA.

              3.15.(c) Prohibited Transactions, etc. There have been no
       "prohibited transactions" within the meaning of Section 406 or 407 of
       ERISA or Section 4975 of the Code for which a statutory or administrative
       exemption does not exist with respect to any Employee Plan/Agreement, and
       no event or omission has occurred in connection with which the Company or
       any of its assets or any Employee Plan/Agreement, directly or indirectly,
       could be subject to any liability under ERISA, the Code or any other Law
       or Order applicable to any Employee Plan/Agreement, or under any
       agreement, instrument, Law or Order pursuant to or under which Company
       has agreed to

                                       22

<PAGE>   27



       indemnify or is required to indemnify any person against liability
       incurred under any such Law or Order.

              3.15.(d) Full Funding. The funds available under each Employee
       Plan/Agreement which is intended to be a funded plan exceed the amounts
       required to be paid, or which would be required to be paid if such
       Employee Plan/Agreement were terminated, on account of rights vested or
       accrued as of the Closing Date (using the actuarial methods and
       assumptions then used by Company's actuaries in connection with the
       funding of such Employee Plan/Agreement).

              3.15.(e) Controlled Group; Affiliated Service Group; Leased
       Employees. Except as set forth in Schedule 3.15(e): (i) Company is not
       and never has been a member of a controlled group of corporations as
       defined in Section 414(b) of the Code or in common control with any
       unincorporated trade or business as determined under Section 414(c) of
       the Code; (ii) Company is not and never has been a member of an
       "affiliated service group" within the meaning of Section 414(m) of the
       Code; and (iii) there are not and never have been any leased employees
       within the meaning of Section 414(n) of the Code who perform services for
       Company, and no individuals are expected to become leased employees with
       the passage of time. Company has no liability, actual or contingent,
       under Title IV of ERISA.

              3.15.(f) Payments and Compliance. Except as set forth in Schedule
       3.15.(f), with respect to each Employee Plan/Agreement, (i) all payments
       due from Company to date have been made and all amounts properly accrued
       to date as liabilities of Company which have not been paid have been
       properly recorded on the books of Company and are reflected in the Recent
       Balance Sheet; (ii) Company has complied with, and each such Employee
       Plan/Agreement conforms in form and operation to, all applicable laws and
       regulations, including but not limited to ERISA and the Code, in all
       respects and all reports and information relating to such Employee
       Plan/Agreement required to be filed with any governmental entity have
       been timely filed; (iii) all reports and information relating to each
       such Employee Plan/Agreement required to be disclosed or provided to
       participants or their beneficiaries have been timely disclosed or
       provided; (iv) each such Employee Plan/Agreement which is intended to
       qualify under Section 401 of the Code has received a favorable
       determination letter from the Internal Revenue Service with respect to
       such qualification, its related trust has been determined to be exempt
       from taxation under Section 501(a) of the Code, and nothing has occurred
       since the date of such letter that has or is likely to adversely affect
       such qualification or exemption; (v) there are no actions, suits or
       claims pending (other than routine claims for benefits) or threatened
       with respect to such Employee Plan/Agreement or

                                       23

<PAGE>   28



       against the assets of such Employee Plan/Agreement; and (vi) no Employee
       Plan/Agreement is a plan which is established and maintained outside the
       United States primarily for the benefit of individuals substantially all
       of whom are nonresident aliens.

              3.15.(g) Post-Retirement Benefits. No Employee Plan/Agreement
       provides benefits, including, without limitation, death or medical
       benefits (whether or not insured) with respect to current or former
       Company employees beyond their retirement or other termination of service
       other than (i) coverage mandated by applicable law, (ii) death or
       retirement benefits under any Employee Plan/Agreement that is an employee
       pension benefit plan, (iii) deferred compensation benefits accrued as
       liabilities on the books of Company (including the Recent Balance Sheet),
       (iv) disability benefits under any Employee Plan/ Agreement that is an
       employee welfare benefit plan and which have been fully provided for by
       insurance or otherwise or (v) benefits in the nature of severance pay.

              3.15.(h) No Triggering of Obligations. The consummation of the
       transactions contemplated by this Agreement will not (i) entitle any
       current or former employee of Company to severance pay, unemployment
       compensation or any other payment, except as expressly provided in this
       Agreement, (ii) accelerate the time of payment or vesting, or increase
       the amount of compensation due to any such employee or former employee or
       (iii) result in any prohibited transaction described in Section 406 of
       ERISA or Section 4975 of the Code for which an exemption is not
       available.

              3.15.(i) Delivery of Documents. There has been delivered to Buyer,
       with respect to each Employee Plan/Agreement:

                     (i)    a copy of the annual report, if required under
              ERISA, with respect to each such Employee Plan/Agreement for the
              last two years;

                     (ii)   a copy of the summary plan description, together
              with each summary of material modifications, required under ERISA
              with respect to such Employee Plan/Agreement, all material
              employee communications relating to such Employee Plan/Agreement,
              and, unless the Employee Plan/Agreement is embodied entirely in an
              insurance policy to which Company is a party, a true and complete
              copy of such Employee Plan/Agreement;

                     (iii)  if the Employee Plan/Agreement is funded through a
              trust or any third party funding

                                       24

<PAGE>   29



              vehicle (other than an insurance policy), a copy of the trust or
              other funding agreement and the latest financial statements
              thereof; and

                     (iv)   the most recent determination letter received from
              the Internal Revenue Service with respect to each Employee
              Plan/Agreement that is intended to be a "qualified plan" under
              Section 401 of the Code.

       With respect to each Employee Plan/Agreement for which an annual report
       has been filed and delivered to Buyer pursuant to clause (i) of this
       Section 3.15.(i), no material adverse change has occurred with respect to
       the matters covered by the latest such annual report since the date
       thereof.

              3.15.(j) Future Commitments. Company has no announced plan or
       legally binding commitment to create any additional Employee
       Plans/Agreements or to amend or modify any existing Employee
       Plan/Agreement.

       3.16.  Employment Compensation. Schedule 3.16 contains a true and correct
list of all employees to whom Company is paying compensation, including bonuses
and incentives, at an annual rate in excess of Twenty Thousand Dollars ($20,000)
for services rendered or otherwise; and in the case of salaried employees such
list identifies the current annual rate of compensation for each employee and in
the case of hourly or commission employees identifies certain reasonable ranges
of rates and the number of employees falling within each such range.

       3.17.  Trade Rights. Schedule 3.17 lists all Trade Rights (as defined
below) in which Company now has any interest, specifying whether such Trade
Rights are owned, controlled, used or held (under license or otherwise) by
Company, and also indicating which of such Trade Rights are registered. All
Trade Rights shown as registered in Schedule 3.17 have been properly registered,
all pending registrations and applications have been properly made and filed and
all annuity, maintenance, renewal and other fees relating to registrations or
applications are current. In order to conduct the business of Company, as such
is currently being conducted or proposed to be conducted, Company does not
require any Trade Rights that it does not already have. To the best of Company's
and Shareholders' knowledge, with respect to its use of the name "Charing,"
Company is not infringing and has not infringed any Trade Rights of another, nor
is any other person infringing the rights of Company to the name "Charing".
Other than with respect to its use of the name "Charing", Company is not
infringing and has not infringed any Trade Rights of another in the operation of
the business of Company, nor is any other person infringing the Trade Rights of
Company. Company has not granted any license or made any assignment of any Trade
Right listed on Schedule 3.17, nor does Company pay any royalties or other
consideration for the right to

                                       25

<PAGE>   30



use any Trade Rights of others. There is no Litigation pending or threatened to
challenge Company's right, title and interest with respect to its continued use
and right to preclude others from using any Trade Rights of Company. All Trade
Rights of Company are valid, enforceable and in good standing, and there are no
equitable defenses to enforcement based on any act or omission of Company. The
consummation of the transactions contemplated hereby will not alter or impair
any Trade Rights owned or used by Company. As used herein, the term "Trade
Rights" shall mean and include: (i) all trademark rights, business identifiers,
trade dress, service marks, trade names and brand names, all registrations
thereof and applications therefor and all goodwill associated with the
foregoing; (ii) all copyrights, copyright registrations and copyright
applications, and all other rights associated with the foregoing and the
underlying works of authorship; (iii) all patents and patent applications, and
all international proprietary rights associated therewith; (iv) all contracts or
agreements granting any right, title, license or privilege under the
intellectual property rights of any third party; (v) all inventions, mask works
and mask work registrations, know-how, discoveries, improvements, designs, trade
secrets, shop and royalty rights, employee covenants and agreements respecting
intellectual property and non-competition and all other types of intellectual
property; and (vi) all claims for infringement or breach of any of the
foregoing.

       3.18.  Major Customers and Suppliers.

              3.18.(a) Major Customers. Schedule 3.18.(a) contains a list of the
       twenty (20) largest customers of Company for each of the two (2) most
       recent fiscal years (determined on the basis of the total dollar amount
       of net sales) showing the total dollar amount of net sales to each such
       customer during each such year. Neither Company nor any Shareholder has
       any knowledge or information of any facts indicating, nor any other
       reason to believe, that any of the customers listed on Schedule 3.18.(a)
       will not continue to be customers of the business of Company after the
       Closing at substantially the same level of purchases as heretofore.

              3.18.(b) Major Suppliers. Schedule 3.18.(b) contains a list of all
       suppliers that Company paid in excess of $100,000 during either of the
       two (2) most recent fiscal years, showing the total dollar amount of
       purchases from each such supplier during each such year. Neither Company
       nor any Shareholder has any knowledge or information of any facts
       indicating, nor any other reason to believe, that any of the suppliers
       listed on Schedule 3.18.(b) will not continue to be suppliers to the
       business of Company after the Closing and will not continue to supply the
       business with substantially the same quantity and quality of goods at
       competitive prices.


                                       26

<PAGE>   31



              3.18.(c) Sales Representatives. Schedule 3.18.(c) contains a list
       of all sales representatives of Company, together with true, correct and
       complete copies of all sales representative contracts and policy
       statements, and a description of all substantial modifications or
       exceptions.

       3.19.  Service Warranty and Liability. Schedule 3.19 contains a true,
correct and complete copy of Company's standard warranty or warranties for sales
of Services (as defined below) and, except as stated therein, there are no
warranties, commitments or obligations with respect to the provision of such
Services. Schedule 3.19 sets forth the estimated aggregate annual cost to
Company of meeting warranty or liability obligations or commitments for
customers for each of the five (5) preceding fiscal years. Schedule 3.19
contains a description of all liability claims and similar Litigation relating
to services rendered, which are presently pending or which to Company's or any
Shareholder's knowledge are threatened, or which have been asserted or commenced
against Company within the last five (5) years, in which a party thereto either
requests injunctive relief or alleges damages (whether or not covered by
insurance). The provision of such services by the Company meets and complies
with all governmental laws and regulations currently in effect. As used in this
Section 3.19, the term "Services" means any and all services currently or at any
time previously rendered, provided or sold by Company, or by any predecessor of
Company under any brand name or mark under which services are or have been
rendered, provided or sold by Company.

       3.20.  Bank Accounts. Schedule 3.20 sets forth the names and locations of
all banks, trust companies, savings and loan associations and other financial
institutions at which the Company maintains a safe deposit box, lock box or
checking, savings, custodial or other account of any nature, the type and number
of each such account and the signatories therefore, a description of any
compensating balance arrangements, and the names of all persons authorized to
draw thereon, make withdrawals therefrom or have access thereto.

       3.21.  Affiliates' Relationships to Company.

              3.21.(a) Contracts With Affiliates. All leases, contracts,
       agreements or other arrangements between Company and any Affiliate are
       described on Schedule 3.21.(a).

              3.21.(b) No Adverse Interests. No Affiliate has any direct or
       indirect interest in (i) any entity which does business with Company or
       is competitive with Company's business, or (ii) any property, asset or
       right which is used by Company in the conduct of its business.


                                       27

<PAGE>   32



              3.21.(c) Obligations. All obligations of any Affiliate to Company,
       and all obligations of Company to any Affiliate, are listed on Schedule
       3.21.(c).

       3.22.  Assets Necessary to Business. Company presently has and at the
Closing will have good, valid and marketable title to all property and assets,
tangible and intangible, and all leases, licenses and other agreements,
necessary to permit Buyer to carry on the business of Company as presently
conducted.

       3.23.  No Brokers or Finders. Neither Company nor any of its directors,
officers, employees, Shareholders or agents have retained, employed or used any
broker or finder in connection with the transaction provided for herein or in
connection with the negotiation thereof.

       3.24.  Year 2000 Compliance. Except as set forth in Schedule 3.24:(a) the
computer source codes, programs and other software of Company (including machine
readable code, printed listings of code, databases, documentation and related
property and information of Company used or under development for use in the
Charing Business) (collectively, "Software") accurately determines chronological
dates and accurately performs all calculations, data manipulations, sorting and
transmission of date data regardless of whether the date represents or
references different centuries (For example, when the actual date changes from
12/31/1999 to 1/1/2000, the Software will accurately determine that 1/1/2000 is
the new date and determine that an individual born in 1948 is 52 years old and
not -48 [i.e., 00-48 = -48], or otherwise incorrectly perform the age
calculation); (b) the Software provides that all date related user interface
functionalities and data fields permit the entry of a four digit year (i.e., the
years 1965, 2065 and 3065 could all be entered by the user without the need of a
manual override) and such date data will result in accurate calculations, data
manipulations, sorting and transmission of all data, including the date data;
(c) the entry of a date equal to or greater than 01/01/2000 into the Software
will not affect any calculation that produces or uses time spans such that the
results of the calculation are incorrect (i.e., such as an interest
calculation); and (d) the integrity of calculations performed utilizing the
Software will not be affected by date data for dates on or after 01/02/2000, and
calculations using previously generated data (on or before 12/31/1999) will also
maintain calculation integrity.

       3.25.  Systems Performance. The Software and related systems owned or
used by Company perform in accordance with the written specifications previously
delivered to Buyer. The Software and related system components are capable of
interconnecting and/or interfacing with each other, and they deliver the
functionality needed to meet the information systems requirements of the Charing
Business as they are presently conducted. No Shareholder will cause any
unplanned interruption of the operations of, or

                                       28

<PAGE>   33



accessibility to, the Software or related systems (or any system component)
through any device, method or means including, without limitation, the use of
any "virus," "lockup," "time bomb" or "key lock" device or program, or disabling
code, which has the potential or capability of causing any unplanned
interruption of the operations of, or accessibility of, the Software or related
systems (or any system component) to Buyer, or any user authorized by Buyer, or
which could alter, destroy or inhibit the use of the Software or related systems
(or any system component), or the data contained therein (collectively,
"Disabling Devices"), which could block access to or prevent the use of the
Software or any system (or system component) by Buyer or any authorized user. No
Shareholder has placed, nor is any Shareholder aware of, any Disabling Device on
any Software or system component owned or used by Company.

       3.26.  Disclosure. No written representation or warranty by Company
and/or the Shareholders in this Agreement, nor any written statement,
certificate, schedule, document or exhibit hereto furnished or to be furnished
by or on behalf of Company or Shareholders pursuant to this Agreement or in
connection with transactions contemplated hereby, contains or shall contain any
untrue statement of material fact or omits or shall omit a material fact
necessary to make the statements contained therein not misleading.


4.     REPRESENTATIONS AND WARRANTIES OF BUYER

       Buyer makes the following representations and warranties to the
Shareholders, each of which was true and correct on the Effective Date (other
than Section 4.2)), remains true as of the Closing Date, shall be unaffected by
any investigation hereafter made by Shareholders or any notice to Shareholders,
and shall survive the Closing of the transactions provided for herein as
provided in Article 6.

       4.1.   Corporate.

              4.1.(a) Organization. Buyer is a corporation duly organized and
       validly existing, and its status is active, under the laws of the State
       of Florida.

              4.1.(b) Corporate Power. Buyer has all requisite corporate power
       to enter into this Agreement and the other documents and instruments to
       be executed and delivered by Buyer and to carry out the transactions
       contemplated hereby and thereby.

       4.2.   Authority. The execution and delivery of this Agreement and the
other documents and instruments to be executed and delivered by Buyer pursuant
hereto and the consummation of the

                                       29

<PAGE>   34



transactions contemplated hereby and thereby have been duly authorized by the
Board of Directors of Buyer. No other corporate act or proceeding on the part of
Buyer or its shareholders is necessary to authorize this Agreement or the other
documents and instruments to be executed and delivered by Buyer pursuant hereto
or the consummation of the transactions contemplated hereby and thereby. This
Agreement constitutes, and when executed and delivered, the other documents and
instruments to be executed and delivered by Buyer pursuant hereto will
constitute, valid and binding agreements of Buyer, enforceable in accordance
with their respective terms, except as such may be limited by bankruptcy,
insolvency, reorganization or other laws affecting creditors' rights generally,
and by general equitable principles.

       4.3.   No Brokers or Finders. Except for Broadview Associates LLC,
neither Buyer nor any of its directors, officers, employees or agents has
retained, employed or used any broker or finder in connection with the
transaction provided for herein or in connection with the negotiation thereof.
Buyer shall be solely responsible for all fees payable to Broadview Associates
LLC in connection with the transactions contemplated by this Agreement.

       4.4.   Disclosure. No written representation or warranty by Buyer in this
Agreement, nor any written statement, certificate, schedule, document or exhibit
hereto furnished or to be furnished by or on behalf of Buyer pursuant to this
Agreement or in connection with transactions contemplated hereby, contains or
shall contain any untrue statement of material fact or omits or shall omit a
material fact necessary to make the statements contained therein not misleading.

       4.5.   Investment Intent.

              4.5.(a) Not for Resale. Buyer is acquiring the Shares for its own
       account, not as nominee or agent, for investment and not with a view to,
       or for resale in connection with, any distribution or public offering
       within the meaning of the U.S. Securities Act of 1933, as amended.

              4.5.(b) Information. Buyer has been furnished with such materials
       and has been given access to such information relating to Company as it
       or its qualified representative has requested and it has been afforded
       the opportunity to ask questions regarding Company and the Shares.

              4.5.(c) No Impact on Obligations. The provisions of this Section
       4.5 shall not impact or affect the obligations of Company or Shareholders
       under this Agreement. Notwithstanding Section 4.5(b) above, Buyer is
       acquiring the Shares in reliance on the agreements, covenants,
       representations and warranties of Company and Shareholders set forth in
       this

                                       30

<PAGE>   35



       Agreement and the other documents and instruments to be delivered by
       Company and Shareholders pursuant hereto.


5.     COVENANTS

       5.1.   Section 338(h)(10) Election.

              5.1.(a) Election. At the Buyer's option, Company and Shareholders
       will join with the Buyer in making an election under Section 338(h)(10)
       of the Code (and any corresponding elections under state tax law)
       (collectively, a "Section 338(h)(10) Election") with respect to the
       purchase and sale of the stock of the Company hereunder. The Shareholders
       of the Company will pay any tax attributable to the making of the Section
       338(h)(10) Election and will indemnify the Buyer, the Company and their
       subsidiaries against any tax (including interest and penalties) arising
       out of any failure to pay such tax. The Shareholders will also pay any
       state, local, or foreign tax ((and indemnify the Buyer, the Company and
       their subsidiaries against any tax (including interest and penalties)
       arising out of any failure to pay such tax)) attributable to an election
       under state, local, or foreign law similar to the election available
       under Section 338(g) of the Code (or which results from the making of an
       election under Section 338(g) of the Code) with respect to the purchase
       and sale of the stock of the Company hereunder; provided, however, that
       the Wisconsin recycling tax for the fiscal period from January 1 through
       February 1, 1998 shall be paid by Company as provided in Section 2.1.(c).
       Buyer shall be responsible for the preparation and filing of such
       election. The allocation of purchase price among the assets of the
       Company shall be made in accordance with Schedule 5.1 hereto.
       Shareholders and Buyer shall accept such purchase price allocations and
       Buyer and each Shareholder shall report, act, file in all respects and
       for purposes consistent with such allocations. Shareholders and the
       Company (if required) shall execute and deliver to Buyer at Closing three
       copies of such documents or forms (including Section 338 Forms, as
       defined below) as Buyer shall request or as are required by applicable
       law for an effective Section 338(h)(10) Election, including, without
       limitation, any "Statement of Section 338(h)(10)" and IRS Form 8023
       (together with any schedules or attachments thereto, the "Section 338
       Forms") that are required pursuant to the Treasury Regulations.

              5.1.(b) Payment for Additional Tax Liability. At Closing, Buyer
       shall deliver to Shareholders' Agent by wire transfer the sum of Thirty
       Thousand Dollars ($30,000) for additional federal and State of Wisconsin
       income tax payable by Shareholders as a result of the allocation, as set
       forth in

                                       31

<PAGE>   36



       Schedule 5.1, of a portion of the Purchase Price to the noncompetition
       agreements contained herein and to certain software development costs.

       5.2.   Employment and Noncompetition Agreement. Contemporane- ously with
the execution of this Agreement, Shareholders shall cause (i) Gregory D. Wait to
execute and deliver to Company an Employment and Noncompetition Agreement,
substantially in the form of Exhibit A hereto, and (ii) each of Donald A. Smart,
Richard L. Bondow, John C. Haase, Jodi K. Holman, Daniel J. Jarecki and Donald
W. Schmidt to execute and deliver to Company an Employment and Noncompetition
Agreement, substantially in the form of Exhibit B hereto.

       5.3.   Noncompetition; Confidentiality. As an inducement to Buyer to
execute this Agreement and complete the transactions contemplated hereby, and in
order to preserve the goodwill associated with the business of Company being
acquired pursuant to this Agreement, and in addition to and not in limitation of
any covenants contained in any agreement executed and delivered pursuant to
Section 5.2 hereof, each Shareholder hereby covenants and agrees as follows:

              5.3.(a) Covenant Not to Compete. For a period of one (1) year
       (five (5) years in the case of Donald A. Smart) from the Closing Date, no
       Shareholder will directly or indirectly:

                     (i)    engage in, continue in or carry on any business
              which competes with Company or the Charing Business or is
              substantially similar thereto, including owning or controlling any
              financial interest in any corporation, partnership, firm or other
              form of business organization which is so engaged;

                     (ii)   consult with, advise or assist in any way, whether
              or not for consideration, any corporation, partnership, firm or
              other business organization which is now or becomes a competitor
              of Company or Buyer in any aspect with respect to the Charing
              Business, including, but not limited to, advertising or otherwise
              endorsing the products of any such competitor; soliciting
              customers or otherwise serving as an intermediary for any such
              competitor; loaning money or rendering any other form of financial
              assistance to or engaging in any form of business transaction on
              other than an arm's length basis with any such competitor;

                     (iii)  offer employment to an employee of Company or the
              Charing Business, without the prior written consent of Buyer; or


                                       32

<PAGE>   37



                     (iv)   engage in any practice the purpose of which is to
              evade the provisions of this covenant not to compete or to commit
              any act which adversely affects the Company or the Charing
              Business;

provided, however, that the foregoing shall not prohibit the ownership of
securities of corporations which are listed on a national securities exchange or
traded in the national over-the-counter market in an amount which shall not
exceed 5% of the outstanding shares of any such corporation. The parties agree
that the geographic scope of this covenant not to compete shall extend to and
cover the following states: Wisconsin, Minnesota, Iowa, Illinois and Michigan.
The parties agree that Buyer may sell, assign or otherwise transfer this
covenant not to compete, in whole or in part, to any person, corporation, firm
or entity that purchases all or part of the business of the Company. In the
event a court of competent jurisdiction determines that the provisions of this
covenant not to compete are excessively broad as to duration, geographical scope
or activity, it is expressly agreed that this covenant not to compete shall be
construed so that the remaining provisions shall not be affected, but shall
remain in full force and effect, and any such over broad provisions shall be
deemed, without further action on the part of any person, to be modified,
amended and/or limited but only to the extent necessary to render the same valid
and enforceable in such jurisdiction.

              5.3.(b) Covenant of Confidentiality. No Shareholder shall at any
       time subsequent to the Closing, except as explicitly requested by Buyer,
       (i) use for any purpose, (ii) disclose to any person, or (iii) keep or
       make copies of documents, tapes, discs or programs containing, any
       confidential information concerning Company. For purposes hereof,
       "confidential information" shall mean and include, without limitation,
       all Trade Rights in which Company has an interest, all customer lists and
       customer information, and all other information concerning Company's
       processes, apparatus, equipment, packaging, products, marketing and
       distribution methods, not previously disclosed to the public directly by
       Company.

              5.3.(c) Equitable Relief for Violations. Each Shareholder agrees
       that the provisions and restrictions contained in this Section 5.3 are
       necessary to protect the legitimate continuing interests of Buyer in
       acquiring the Shares, and that any violation or breach of these
       provisions will result in irreparable injury to Buyer for which a remedy
       at law would be inadequate and that, in addition to any relief at law
       which may be available to Buyer for such violation or breach and
       regardless of any other provision contained in this Agreement, Buyer
       shall be entitled to injunctive and other equitable relief as a court may
       grant after considering the intent of this Section 5.3.

                                       33

<PAGE>   38




       5.4.   General Releases. Contemporaneously with the execution of this
Agreement,, each Shareholder shall deliver a general release to Buyer, in
substantially the form attached hereto as Exhibit C.

       5.5.   Errors and Omissions Gap Coverage. Shareholders shall promptly
reimburse Buyer, up to a maximum of $12,000, for the cost of obtaining errors
and omissions insurance coverage for Company from a carrier acceptable to Buyer.
Such policy shall cover occurrences from February 23, 1996 to August 26, 1997,
the period during which Company did not maintain errors and omissions coverage.

6.     INDEMNIFICATION

       6.1.   By Shareholders. Subject to the terms and conditions of this
Article 6, each Shareholder, jointly and severally, hereby agrees to indemnify,
defend and hold harmless Buyer, its directors, officers, employees and
controlled and controlling persons (hereinafter "Buyer's Affiliates") and the
Company from and against all Claims asserted against, resulting to, imposed
upon, or incurred by Buyer, Buyer's Affiliates or the Company, directly or
indirectly, by reason of, arising out of or resulting from (a) the inaccuracy or
breach of any representation or warranty of any Shareholder or Company contained
in or made pursuant to this Agreement or any agreement or instrument executed
and delivered pursuant to this Agreement, (b) the breach of any covenant or
agreement of any Shareholder or the Company contained in this Agreement or any
agreement or instrument executed and delivered pursuant to this Agreement, (c)
the litigation matters referred to in Schedule 3.9 or any Claim against the
Company and/or any Buyer Affiliate(s) by William D. Biersach, or his heirs or
successors and assigns, relating to or arising out of his sale of shares of
common stock of the Company to the Company and the Shareholders, or (d) the
conduct of the Charing Business or operations of the Company prior to the
Closing. Regardless of the foregoing, however, breaches of representations and
warranties contained in Section 3.2 hereof shall be subject only to several
indemnification by the respective Shareholders who shall have made and breached
such representations and warranties. As used in this Article 6, the term "Claim"
shall include (i) all debts, liabilities and obligations; (ii) all losses,
damages (including, without limitation, consequential damages), judgments,
awards, settlements, costs and expenses (including, without limitation, interest
(including prejudgment interest in any litigated matter), penalties, court costs
and attorneys fees and expenses); and (iii) all demands, claims, suits, actions,
costs of investigation, causes of action, proceedings and assessments, whether
or not ultimately determined to be valid.

       6.2.   By Buyer. Subject to the terms and conditions of this Article 6,
Buyer hereby agrees to indemnify, defend and hold

                                       34

<PAGE>   39



harmless each Shareholder, and each Shareholder's heirs and permitted successors
and assigns, from and against all Claims asserted against, resulting to, imposed
upon or incurred by any such person, directly or indirectly, by reason of or
resulting from (a) the inaccuracy or breach of any representation or warranty of
Buyer contained in or made pursuant to this Agreement or any agreement or
instrument executed and delivered pursuant to this Agreement, or (b) the breach
of any covenant or agreement of Buyer contained in this Agreement or any
agreement or instrument executed and delivered pursuant to this Agreement.

       6.3.   Indemnification of Third-Party Claims. The obligations and
liabilities of any party to indemnify any other party under this Article 6 with
respect to Claims relating to third parties shall be subject to the following
terms and conditions:

              6.3.(a) Notice and Defense. The party or parties to be indemnified
       (whether one or more, the "Indemnified Party") will give the party or
       parties from whom indemnification is sought (whether one or more, the
       "Indemnifying Party") prompt written notice of any such Claim, and the
       Indemnifying Party will undertake the defense thereof by representatives
       chosen by it. In all matters concerning the Shareholders by virtue of
       joint and several liability, the Shareholders' Agent shall give and
       receive notice and otherwise act in all respects on their behalf. Failure
       to give such notice shall not affect the Indemnifying Party's duty or
       obligations under this Article 6, except to the extent the Indemnifying
       Party is prejudiced thereby. So long as the Indemnifying Party is
       defending any such Claim actively and in good faith, the Indemnified
       Party shall not settle such Claim. The Indemnified Party shall make
       available to the Indemnifying Party or its representatives all records
       and other materials required by them and in the possession or under the
       control of the Indemnified Party, for the use of the Indemnifying Party
       and its representatives in defending any such Claim, and shall in other
       respects give reasonable cooperation in such defense.

              6.3.(b) Failure to Defend. If the Indemnifying Party, within a
       reasonable time after written notice of any such Claim, fails to defend
       such Claim actively and in good faith, the Indemnified Party will (upon
       further written notice) have the right to undertake the defense,
       compromise or settlement of such Claim or consent to the entry of a
       judgment with respect to such Claim, on behalf of and for the account and
       risk of the Indemnifying Party, and the Indemnifying Party shall
       thereafter have no right to challenge the Indemnified Party's defense,
       compromise, settlement or consent to judgment therein.

              6.3.(c) Indemnified Party's Rights. Anything in this Section 6.3
       to the contrary notwithstanding, (i) if there is

                                       35

<PAGE>   40



       a reasonable probability that a Claim may materially and adversely affect
       the Indemnified Party other than as a result of money damages or other
       money payments, the Indemnified Party shall have the right to defend,
       compromise or settle such Claim, and (ii) the Indemnifying Party shall
       not, without the written consent of the Indemnified Party, settle or
       compromise any Claim or consent to the entry of any judgment which does
       not include as an unconditional term thereof the giving by the claimant
       or the plaintiff to the Indemnified Party of a release from all Liability
       in respect of such Claim.

       6.4.   Payment. The Indemnifying Party shall promptly pay the Indemnified
Party any amount due under this Article 6, which payment may be accomplished in
whole or in part, at the option of the Indemnified Party, by the Indemnified
Party setting off any amount owed to the Indemnifying Party by the Indemnified
Party. To the extent set-off is made by an Indemnified Party in satisfaction or
partial satisfaction of an indemnity obligation under this Article 6 that is
disputed by the Indemnifying Party, upon a subsequent determination by final
judgment not subject to appeal that all or a portion of such indemnity
obligation was not owed to the Indemnified Party, the Indemnified Party shall
pay the Indemnifying Party the amount which was set-off and not owed together
with interest from the date of set-off until the date of such payment at an
annual rate equal to the rate announced by NationsBank, N.A. (or its sucessor)
as its prime rate on the date of set-off. Upon judgment, determination,
settlement or compromise of any third party Claim, the Indemnifying Party shall
pay promptly on behalf of the Indemnified Party, and/or to the Indemnified Party
in reimbursement of any amount theretofore required to be paid by it, the amount
so determined by judgment, determination, settlement or compromise and all other
Claims of the Indemnified Party with respect thereto, unless in the case of a
judgment an appeal is made from the judgment. If the Indemnifying Party desires
to appeal from an adverse judgment, then the Indemnifying Party shall post and
pay the cost of the security or bond to stay execution of the judgment pending
appeal. Upon the payment in full by the Indemnifying Party of such amounts, the
Indemnifying Party shall succeed to the rights of such Indemnified Party, to the
extent not waived in settlement, against the third party who made such third
party Claim.

       6.5.   Indemnification for Environmental Matters. Without limiting the
generality of the foregoing, each Shareholder, jointly and severally, agrees to
indemnify, reimburse, hold harmless and defend Buyer, Buyer's affiliates and
Company for, from, and against all Claims asserted against, imposed on, or
incurred by any such person, directly or indirectly, in connection with any
pollution, threat to the environment, or exposure to, or manufacture,
processing, distribution, use, treatment, generation, transport or handling,
disposal, emission, discharge, storage or release of

                                       36

<PAGE>   41



Waste that (A) is related in any way to Company's or any previous owner's or
operator's ownership, operation or occupancy of the business, properties and
assets owned or used by Company, and (B) in whole or in part occurred, existed,
arose out of conditions or circumstances that existed, or was caused on or
before the Closing Date.

       6.6.   Limitations on Indemnification. Except for any willful or knowing
breach or misrepresentation, as to which claims may be brought without
limitation as to time or amount:

              6.6.(a) Time Limitation. No claim or action shall be brought under
       this Article 6 after the lapse of two (2) years following the Closing
       Date. Regardless of the foregoing, however, or any other provision of
       this Agreement:

                     (i)    Any claim or action brought for breach of any
              representation or warranty made by Shareholders with respect to
              tax or ERISA matters may be brought at any time within three (3)
              years following the Closing Date.

                     (ii)   Any claim for indemnification made by a party
              hereunder by delivering written notice of the claim to the
              Indemnifying Party or Parties, by filing a suit or action in a
              court of competent jurisdiction or a court reasonably believed to
              be of competent jurisdiction (in those situations where a lawsuit
              is permitted by this Agreement) or by a demand for arbitration in
              accordance with Article 9 hereof for breach of a covenant,
              agreement, representation or warranty prior to the termination of
              the applicable survival period for such claim under this Section
              6.6(a) shall be preserved despite the subsequent termination of
              such survival period.

                     (iii)  If any act, omission, disclosure or failure to
              disclose shall form the basis for a claim for breach of more than
              one representation or warranty, and such claims have different
              periods of survival hereunder, the termination of the survival
              period of one claim shall not affect a party's right to make a
              claim based on the breach of representation or warranty still
              surviving.

              6.6.(b) Amount Limitations.

                     (i)    Basket. An Indemnified Party shall not be entitled
              to indemnification under this Article 6 for breach of a
              representation or warranty unless the aggregate of the
              Indemnifying Party's indemnification obligations to the
              Indemnified Party pursuant to this

                                       37

<PAGE>   42



              Article 6 (but for this Section 6.6(b)) exceeds $25,000; but in
              such event, the Indemnified Party shall be entitled to
              indemnification in full for all breaches of representations and/or
              warranties (subject to the aggregate limit on the indemnification
              obligations of Shareholders as set forth in Section 6.6.(b)(ii)).

                     (ii)   Cap. Except as hereinafter set forth, the aggregate
              amount of the indemnification obligations of Shareholders pursuant
              to this Article 6 shall not exceed Three Million Seven Hundred
              Fifty Thousand Dollars ($3,750,000).

       6.7.   No Waiver. The closing of the transactions contemplated by this
Agreement shall not constitute a waiver by any party of its rights to
indemnification hereunder, regardless of whether the party seeking
indemnification has knowledge of the breach, violation or failure of condition
constituting the basis of the Claim at or before the Closing, and regardless of
whether such breach, violation or failure is deemed to be "material" for
purposes of Section 9.2.

       6.8.   Exclusive Remedies.

              6.8.(a) Limitation Claims. Except as provided in Section 6.8(b),
anything at law or equity to the contrary notwithstanding, each party's
exclusive remedy against any and all other parties to this Agreement (i) for any
breach of any representation, warranty, covenant or agreement made in this
Agreement, (ii) any breach of any representation, warranty, covenant or
agreement made in any agreement or instrument executed and delivered pursuant to
this Agreement, and (iii) for any and all other claims, of any kind or nature,
which one party may have against any or all other parties hereto with respect to
the transactions contemplated by this Agreement, shall all be limited to a claim
for indemnification in accordance with this Article 6, which claim shall be
subject to the limitations set forth in Section 6.6.

              6.8.(b) Exceptions. Section 6.8(a) shall not bar or apply to (i)
any claims or causes of action any party may have against any or all parties
relating to Section 5.3 hereof, to the Employment and Noncompetition Agreements
described in Section 5.2 hereof, or to the General Releases executed and
delivered by Shareholders pursuant to Section 5.4 hereof, (ii) any claims or
causes of action relating to any other agreement between or among any parties
hereto entered into after the Closing Date, (iii) any claims or causes of action
for specific performance of, or injunctive relief with respect to, the terms,
conditions covenants and agreements of this Agreement and any other agreements
or instruments executed and delivered pursuant to this Agreement, or

                                       38

<PAGE>   43



(iv) any claims or causes of action any party may have against any or all
parties for fraud or knowing or willful misconduct.


7.     CLOSING

       The closing of this transaction ("the Closing") shall take place
contemporaneously with the execution and delivery of this agreement at the
offices of LaFollette & Sinykin, One East Main Street, Madison, Wisconsin, at
9:00 A.M. on February 26, 1998, or at such other hour and place as the parties
hereto shall agree upon in writing. The date hereof is referred to in this
Agreement as the "Closing Date". Unless otherwise indicated, the transactions
contemplated hereby shall be deemed for all purposes to be effective as of
February 1, 1998, which date shall be referred to herein as the "Effective
Date".

       7.1.   Documents to be Delivered by Company and Shareholders. At the
Closing, Company and Shareholders shall deliver to Buyer the following
documents, in each case duly executed or otherwise in proper form:

              7.1.(a) Stock Certificate(s). Stock certificates representing the
       Shares, duly endorsed for transfer or with duly executed stock powers
       attached, in either case as of the Effective Date.

              7.1.(b) Opinion of Counsel. A written opinion of LaFollette &
       Sinykin, counsel to Company and Shareholders, dated as of the Closing
       Date, addressed to Buyer, substantially in the form of Exhibit D hereto.

              7.1.(c) Consents and Approvals. Executed originals of all
       approvals, consents and waivers that are required to effect the
       transactions contemplated hereby.

              7.1.(d) Estoppel Certificates. An estoppel certificate or status
       letter from the landlord under each lease of Real Property, which
       estoppel certificate or status letter will certify: (i) the lease is
       valid and in full force and effect; (ii) the amounts payable by Company
       under the lease and the date to which the same have been paid; (iii)
       whether there are, to the knowledge of said landlord, any defaults
       thereunder, and, if so, specifying the nature thereof; and (iv) a
       statement that the transactions contemplated by this Agreement will not
       constitute a default under the lease.

              7.1.(e) Employment and Noncompetition Agreements. The Employment
       and Noncompetition Agreements referred to in Section 5.5, duly executed
       by the persons referred to in such Section.


                                       39

<PAGE>   44



              7.1.(f) Certified Resolutions. Certified copies of the resolutions
       of the Board of Directors and the Shareholders of Company, authorizing
       and approving this Agreement and the consummation of the transactions
       contemplated by this Agreement.

              7.1.(g) Articles; By-Laws. A copy of the By-Laws of Company
       certified by the secretary of Company, and a copy of the Amended and
       Restated Articles of Incorporation of Company certified by the Secretary
       of State of the state of incorpora- tion of Company.

              7.1.(h) Incumbency Certificate. Incumbency certifi- cates relating
       to each person executing (as a corporate officer or otherwise on behalf
       of another person) any document executed and delivered to Buyer pursuant
       to the terms hereof.

              7.1.(i) General Releases. The General Releases referred to in
       Section 5.7, duly executed by the persons referred to in such Section.

              7.1.(j) Resignations. The resignations of all officers and
       directors of the Company, effective as of the Closing and in form
       satisfactory to Buyer's counsel.

              7.1.(k) Affidavit. An affidavit from each of the Shareholders in
       form and substance satisfactory to Buyer, to the effect that Company is
       not a "foreign person," "foreign corporation," "foreign partnership,"
       "foreign trust" or "foreign estate" under Section 1445 of the Code, and
       containing all such other information as is required to comply with the
       requirements of such Section.

              7.1.(l) Other Documents. All other documents, instruments or
       writings required to be delivered to Buyer at the Closing pursuant to
       this Agreement and such other certificates of authority and documents as
       Buyer may reasonably request.

       7.2.   Documents to be Delivered by Buyer. At the Closing, Buyer shall
deliver to Shareholders the following documents, in each case duly executed or
otherwise in proper form:

              7.2.(a) Cash Purchase Price. To Shareholders' Agent, certified or
       bank cashier's checks (or wire transfers) as required by Section 2.2(a)
       and Section 5.1.(b) hereof.

              7.2.(b) Opinion of Counsel. A written opinion of Foley &
         Lardner, counsel to Buyer, dated as of the Closing Date, addressed to
         the Shareholders, in substantially the form of Exhibit E hereto.


                                       40

<PAGE>   45



              7.2.(c) Certified Resolutions. A certified copy of the resolutions
       of the Board of Directors of Buyer authorizing and approving this
       Agreement and the consummation of the transactions contemplated by this
       Agreement.

              7.2.(d) Incumbency Certificate. Incumbency certifi- cates relating
       to each person executing any document executed and delivered to Company
       or Shareholders by Buyer pursuant to the terms hereof.

              7.2.(e) Other Documents. All other documents, instruments or
       writings required to be delivered to Company at the Closing pursuant to
       this Agreement and such other certificates of authority and documents as
       Company may reasonably request.


8.     TERMINATION

       This Agreement may be terminated without further liability of any party
at any time prior to the Closing: (a) by mutual written agreement of Buyer and
Shareholders' Agent; or (b) by either Buyer or Shareholders' Agent (i) if the
Closing shall not have occurred by 11:59 p.m. Eastern time on the date hereof,
provided the terminating party has not, through breach of a representation,
warranty or covenant, prevented the Closing from occurring at or before such
time, or (ii) if any Government Entity shall have issued a final and
non-appealable Order enjoining or otherwise prohibiting the consummation of the
transactions contemplated by this Agreement.


9.     RESOLUTION OF DISPUTES

       9.1.   Arbitration.

              9.1.(a) Any dispute, controversy or claim arising out of or
       relating to this Agreement or any contract or agreement entered into
       pursuant hereto or the performance by the parties of its or their terms
       shall be settled by binding arbitration held in Madison, Wisconsin in
       accordance with the Commercial Arbitration Rules of the American
       Arbitration Association then in effect, except as specifically otherwise
       provided in this Article 9. Notwithstanding the foregoing, Buyer may, in
       its discretion, apply to a court of competent jurisdiction for equitable
       relief from any violation or threatened violation of the covenants of any
       Shareholder under Section 5.3 of this Agreement, or any covenants not to
       compete contained in any Employment and Noncompetition Agreement
       delivered pursuant to Section 5.2 hereof.


                                       41

<PAGE>   46



              9.1.(b) No party shall be required to submit to arbitration
       hereunder unless all persons who are not parties to this Agreement, but
       who are necessary parties to a complete resolution of the controversy,
       submit to the arbitration process on the same terms as the parties
       hereto. Without limiting the generality of the foregoing, no claim under
       Article 6 for the indemnification of a third-party claim shall be subject
       to arbitration under this Article 9 unless the third party bringing such
       claim against the indemnitee shall agree in writing to the application of
       this Article 9 to the resolution of such claim.

       9.2.   Arbitrators. If the matter in controversy (exclusive of attorney
fees and expenses) shall appear, as at the time of the demand for arbitration,
to exceed $250,000, then the panel to be appointed shall consist of three
neutral arbitrators; otherwise, one neutral arbitrator.

       9.3.   Procedures; No Appeal. The arbitrator(s) shall allow such
discovery as the arbitrator(s) determine appropriate under the circumstances and
shall resolve the dispute as expeditiously as practicable, and if reasonably
practicable, within 120 days after the selection of the arbitrator(s). The
arbitrator(s) shall give the parties written notice of the decision, with the
reasons therefor set out, and shall have 30 days thereafter to reconsider and
modify such decision if any party so requests within 10 days after the decision.
Thereafter, the decision of the arbitrator(s) shall be final, binding, and
nonappealable with respect to all persons, including (without limitation)
persons who have failed or refused to participate in the arbitration process.

       9.4.   Authority. The arbitrator(s) shall have authority to award relief
under legal or equitable principles, including interim or preliminary relief,
and to allocate responsibility for the costs of the arbitration and to award
recovery of attorneys fees and expenses in such manner as is determined to be
appropriate by the arbitrator(s).

       9.5.   Entry of Judgment. Judgment upon the award rendered by the
arbitrator(s) may be entered in any court having in personam and subject matter
jurisdiction. Buyer and each Shareholder hereby submit to the in personam
jurisdiction of the Federal and State courts in Wisconsin, for the purpose of
confirming any such award and entering judgment thereon.

       9.6.   Confidentiality. All proceedings under this Article 9 and all
evidence given or discovered pursuant hereto, shall be maintained in confidence
by all parties.

       9.7.   Continued Performance. The fact that the dispute resolution
procedures specified in this Article 9 shall have been or may be invoked shall
not excuse any party from performing its

                                       42

<PAGE>   47



obligations under this Agreement and during the pendency of any such procedure
all parties shall continue to perform their respective obligations in good
faith, subject to any rights to terminate this Agreement that may be available
to any party and to the right of setoff provided in Section 6.4 hereof.

       9.8.   Tolling. All applicable statutes of limitation shall be tolled
while the procedures specified in this Article 9 are pending. The parties will
take such action, if any, required to effectuate such tolling.


10.    MISCELLANEOUS

       10.1.  Disclosure Schedule. The Schedules have been compiled in a bound
volume (the "Disclosure Schedule"), executed by Shareholders and dated and
delivered to Buyer on the date of this Agreement. Information set forth in the
Disclosure Schedule specifically refers to the article and section of this
Agreement to which such information is responsive and such information shall not
be deemed to have been disclosed with respect to any other article or section of
this Agreement or for any other purpose. The Disclosure Schedule includes a
table of contents and/or index to all of the information and documents contained
therein. The Disclosure Schedule shall not vary, change or alter the language of
the representations and warranties contained in this Agreement and, to the
extent the language in the Disclosure Schedule does not conform in every respect
to the language of such representations and warranties, such language in the
Disclosure Schedule shall be disregarded and be of no force or effect.

       10.2.  Further Assurance. From time to time, at Buyer's request and
without further consideration, Company and Shareholders will execute and deliver
to Buyer such documents and take such other action as Buyer may reasonably
request in order to consummate more effectively the transactions contemplated
hereby.

       10.3.  Disclosures and Announcements. Announcements concerning the
transactions provided for in this Agreement by Buyer, Company or Shareholders
shall be subject to the approval of the other parties in all essential respects,
except that approval of the Shareholders or Company shall not be required as to
any statements and other information which Buyer may submit to the Securities
and Exchange Commission, the Nasdaq Stock Market ("Nasdaq") or Buyer's
stockholders or be required to make pursuant to any rule or regulation of the
Securities and Exchange Commission or Nasdaq, or otherwise required by law.


                                       43

<PAGE>   48



       10.4.  Assignment; Parties in Interest.

              10.4.(a) Assignment. Except as expressly provided herein, the
       rights and obligations of a party hereunder may not be assigned,
       transferred or encumbered without the prior written consent of the other
       parties. Notwithstanding the foregoing, Buyer may, without consent of any
       other party, (i) merge Company with and into itself and/or any subsidiary
       of Buyer, or (ii) cause one or more subsidiaries of Buyer to carry out
       all or part of the transactions contemplated hereby; provided, however,
       that Buyer shall, nevertheless, remain liable for all of its obligations,
       and those of any such subsidiary, to Shareholders hereunder.

              10.4.(b) Parties in Interest. This Agreement shall be binding
       upon, inure to the benefit of, and be enforceable by the respective
       successors and permitted assigns of the parties hereto. Nothing contained
       herein shall be deemed to confer upon any other person any right or
       remedy under or by reason of this Agreement.

       10.5.  Law Governing Agreement. This Agreement may not be modified or
terminated orally, and shall be construed and inter- preted according to the
internal laws of the State of Wisconsin, excluding any choice of law rules that
may direct the application of the laws of another jurisdiction.

       10.6.  Amendment and Modification. Buyer and Shareholders may amend,
modify and supplement this Agreement in such manner as may be agreed upon in
writing between Buyer and Shareholders' Agent; provided, however, that Buyer
may, in Buyer's sole discretion, require the execution of any amendment by all
of the Shareholders personally.

       10.7.  Notice. All notices, requests, demands and other communications
hereunder shall be given in writing and shall be: (a) personally delivered; (b)
sent by telecopier, facsimile transmission or other electronic means of
transmitting written documents; or (c) sent to the parties at their respective
addresses indicated herein by registered or certified U.S. mail, return receipt
requested and postage prepaid, or by private overnight delivery courier service.
The respective addresses to be used for all such notices, demands or requests
are as follows:

              (a)    If to Buyer, to:

                     ABR Information Services, Inc.
                     34125 U.S. Highway 19 North
                     Palm Harbor, Florida 34684-2116
                     Attention:  James E. MacDougald
                     Chairman of the Board, President
                     and Chief Executive Officer
                     Facsimile:  (813) 789-3857

                                       44

<PAGE>   49




                     (with a copy to)

                     Foley & Lardner
                     100 North Tampa Street, Suite 2700
                     Tampa, Florida 33602-5804
                     Attention: Todd B. Pfister
                     Facsimile: (813) 221-4210

or to such other person or address as Buyer shall furnish to Shareholders' Agent
in writing.

              (b)    If to Shareholders, to Shareholders' Agent:

                     7 North Pinckney Street
                     Suite 100
                     Madison, Wisconsin 53703
                     Attention: Donald A. Smart
                     Facsimile: (608) 251-5441

                     (with a copy to)

                     LaFollette & Sinykin
                     One East Madison Street
                     Post Office Box 2719
                     Madison, WI 53701-2719
                     Attention: Robert E. Chritton
                     Facsimile: (608) 257-0609


or to such other person or address as Shareholders shall designate as a
successor Shareholders' Agent in accordance with this Agreement.

              (c)    If to Company, to:

                     Charing Company, Inc.
                     7 North Pinckney Street
                     Suite 100
                     Madison, Wisconsin  53703
                     Attention:  President
                     Facsimile:  (608) 251-5441

                     (with a copy to)

                     Foley & Lardner
                     100 North Tampa Street, Suite 2700
                     Tampa, FL 33602-5804
                     Attention: Todd B. Pfister
                     Facsimile: (813) 221-4210

Any notice to Company given after Closing shall also be given in the same manner
to Buyer.

                                       45

<PAGE>   50




       If personally delivered, such communication shall be deemed delivered
upon actual receipt; if electronically transmitted pursuant to this paragraph,
such communication shall be deemed delivered the next business day after
transmission (and sender shall bear the burden of proof of delivery); if sent by
overnight courier pursuant to this paragraph, such communication shall be deemed
delivered upon receipt; and if sent by U.S. mail pursuant to this paragraph,
such communication shall be deemed delivered as of the date of delivery
indicated on the receipt issued by the relevant postal service, or, if the
addressee fails or refuses to accept delivery, as of the date of such failure or
refusal. Any party to this Agreement may change its address for the purposes of
this Agreement by giving notice thereof in accordance with this Section.

       10.8.  Expenses.

              10.8.(a) Brokerage. Except as to Broadview Associates LLC, which
       shall be compensated by Buyer, Shareholders and Buyer each represent and
       warrant to each other that there is no broker involved or in any way
       connected with the transfer provided for herein on their behalf
       respectively (and Shareholders represent and warrant that there is no
       broker involved on behalf of Company) and each agrees to hold the other
       harmless from and against all other claims for brokerage commissions or
       finder's fees in connection with the execution of this Agreement or the
       transactions provided for herein.

              10.8.(b) Expenses to be Paid by Shareholders. Shareholders shall
       pay, and shall indemnify, defend and hold Buyer and Company harmless from
       and against, any sales, use, excise, transfer or other similar tax
       imposed with respect to the transactions provided for in this Agreement,
       and any interest or penalties related thereto.

              10.8.(c) Expenses to be Paid by Company. Company shall pay the
       reasonable costs and expenses of Morton, Nehls & Tierney, S.C. associated
       with the preparation of Company's audited financial statements for the
       1996 and 1997 calendar years and Company's federal and State of Wisconsin
       tax returns for the 1997 calendar year and 1998 S corporation fiscal
       period of January 1 through January 31.

              10.8.(d) Other. Except as otherwise provided herein, each of the
       parties shall bear its own expenses and the expenses of its counsel and
       other agents in connection with the transactions contemplated hereby.

              10.8.(e) Costs of Litigation or Arbitration. The parties agree
       that (subject to the discretion, in an arbitration proceeding, of the
       arbitrator as set forth in Section 9.4) the prevailing party in any
       action brought with

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<PAGE>   51



       respect to or to enforce any right or remedy under this Agreement shall
       be entitled to recover from the other party or parties all reasonable
       costs and expenses of any nature whatsoever incurred by the prevailing
       party in connection with such action, including without limitation
       attorneys' fees and prejudgment interest.

       10.9.  Tax Records. Buyer shall cause all books and records of Company in
its possession on the Closing Date and relating to the Shareholders' tax
obligations (the "Tax Records") to be retained by Company until the fifth
anniversary of the Closing Date. Thereafter, Buyer shall cause Company not to
destroy such Tax Records prior to the seventh anniversary of the Closing Date
without first giving Shareholders written notice at least forty-five (45) days
prior to the date when any such Tax Records are to be destroyed. During such
period, Shareholders shall have the right to obtain from Company Tax Records
which are intended to be destroyed. After the Closing Date, Shareholders may
inspect and make copies of Tax Records as reasonably required upon reasonable
advance notice and at reasonable times.

       10.10. Entire Agreement. This instrument embodies the entire agreement
between the parties hereto with respect to the transactions contemplated herein,
and there have been and are no agreements, representations or warranties between
the parties other than those set forth or provided for herein.

       10.11. Counterparts; Facsimile Signatures. This Agreement may be executed
in one or more counterparts, each of which shall be deemed an original, but all
of which together shall constitute one and the same instrument. This Agreement
and the Ancillary Instruments may be effective upon the execution and delivery
by any party hereto of facsimile copies of signature pages hereto and thereto
duly executed by such party; provided, however, that any party delivering a
facsimile signature page covenants and agrees to deliver promptly after the date
hereof two (2) original copies to the other parties hereto.

       10.12. Headings. The headings in this Agreement are inserted for
convenience only and shall not constitute a part hereof.

       10.13. Shareholders' Agent; Power of Attorney.

              10.13.(a) Shareholders' Agent. The Shareholders hereby appoint and
       constitute Donald A. Smart as Shareholders' Agent hereunder, to exercise
       the powers on behalf of Shareholders set forth in this Agreement; and
       Donald A. Smart hereby accepts such appointment. In the event of the
       death, resignation or inability to act of Donald A. Smart, and upon
       receipt by Buyer of evidence of the same which is satisfactory to Buyer,
       Donald W. Schmidt shall be successor Shareholders' Agent with all powers
       of his predecessor.

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<PAGE>   52




              10.13.(b) Power of Attorney. Each Shareholder, by his or her
       execution of this Agreement, hereby constitutes and appoints the
       Shareholders' Agent his or her true and lawful attorney in fact, with
       full power in his or her name and on his or her behalf:

                     (i)    to receive on behalf of such Shareholder the
              proceeds of sale of such Shareholder's Shares being sold
              hereunder, to give Buyer a receipt therefor on behalf of such
              Shareholder and to hold such proceeds subject to the terms hereof
              and the instructions of such Shareholder with respect to the
              ultimate disbursement thereof;

                     (ii)   to act on such Shareholder's behalf according to the
              terms of this Agreement, including, without limitation, the power
              to calculate and negotiate the payment of the Contingent Payment
              as provided in Sections 2.1 and 2.2.(b); to contest or acquiesce
              in any claim by Buyer pursuant to Section 2.2.(c); to amend this
              Agreement in accordance with Article 10.6 or terminate this
              Agreement in accordance with Section 8; to consent to the
              assignment of rights under this Agreement in accordance with
              Section 10.4.(a); to give and receive notices on behalf of all the
              Shareholders; and to act on their behalf in connection with any
              matter as to which the Shareholders jointly and severally are an
              "Indemnified Party" or "Indemnifying Party" under Article 6
              hereof; all in the absolute discretion of the Shareholders' Agent;

                     (iii)  in general, to do all things and to perform all
              acts, including, without limitation, executing and delivering all
              agreements, certificates, receipts, instructions and other
              instruments contemplated by or deemed advisable, in the
              Shareholders' Agent's sole discretion, in connection with this
              Agreement.

       This power of attorney, and all authority hereby conferred, is granted
       subject to the interests of the other Shareholders and the Buyer
       hereunder and in consideration of the mutual covenants and agreements
       made herein, and shall be irrevocable and shall not be terminated by any
       act of any Shareholder or by operation of law, whether by the death or
       incapacity of any Shareholder or by the occurrence of any other event.
       Each Shareholder agrees, jointly and severally, to hold the Shareholders'
       Agent free and harmless from any and all loss, damage or liability which
       they, or any one of them, may sustain as a result of any action taken in
       good faith hereunder.


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<PAGE>   53



       10.14. Glossary of Terms. The following sets forth the location of
certain definitions of capitalized terms defined in the body of this Agreement:

         "Affiliate" - Section 3.7.(k) 
         "Ancillary Instruments" - Section 3.2.(a)
         "Buyer's Affiliates" - Section 6.1 
         "CERCLA" - Section 3.10.(c) 
         "Claim" - Section 6.1 
         "Closing" - Preamble to Article 9 
         "Closing Date" - Section 7 
         "Code" - Section 3.5.(e) 
         "Company Employees" - Section 3.15.(a) 
         "Contingent Payment" - Section 2.1 
         "Disclosure Schedule" - Article 10 
         "Effective Date" - Section 7 
         "Employee Plans/Agreement(s)" - Section 3.15.(a) 
         "Environmental Laws" - Section 3.10.(c) 
         "ERISA" - Section 3.15.(a) 
         "Escrow Agreement" - Section 5.4 
         "Estimated Closing Balance Sheet" - Section 2.3.(b) 
         "Facilities" - Second Recital 
         "Government Entities" - Section 3.3 
         "Indemnified Party" - Section 6.3.(a) 
         "Indemnifying Party" - Section 6.3.(a) 
         "Laws" - Section 3.3
         "Lien" - Section 3.11.(a) 
         "Litigation" - Section 3.9 
         "Orders" - Section 3.3 
         "PBGC" - Section 3.15.(b)(ii) 
         "Purchase Price" - Section 2.1 
         "Real Property" - Section 3.11.(c) 
         "Recent Balance Sheet" - Section 3.4
         "Section 338(h)(10) Election" - Section 5.1 
         "Services" - Section 3.19
         "Settlement Date" - Section 2.2.(c) 
         "Shares" - First Recital 
         "Trade Rights" - Section 3.17 
         "Waste" - Section 3.10.(c)

Where any group or category of items or matters is defined collectively in the
plural number, any item or matter within such definition may be referred to
using such defined term in the singular number.


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<PAGE>   54



              IN WITNESS WHEREOF, the parties have executed this Agreement as of
the date and year first above written.

                                    BUYER:                                   
                                                                             
                                    ABR INFORMATION SERVICES, INC.,          
                                    a Florida corporation                    
                                                                             
                                                                             
                                    By:                                      
                                        -----------------------------------  
                                        Title:                               
                                              -----------------------------  
                                    COMPANY:                                 
                                                                             
                                    CHARING COMPANY, INC.,                   
                                    a Wisconsin corporation                  
                                                                             
                                                                             
                                    By:                                      
                                        -----------------------------------  
                                        Title:                               
                                              -----------------------------  
                                                                             
                                    SHAREHOLDERS:                            
                                                                             
                                                                             
                                                                             
                                    ---------------------------------------  
                                    Donald A. Smart, Individually            
                                                                             
                                                                             
                                                                             
                                    ---------------------------------------  
                                    Richard L. Bondow, Individually          
                                                                             
                                                                             
                                                                             
                                    ---------------------------------------  
                                    John C. Haase, Individually              
                                                                             
                                                                             
                                                                             
                                    ---------------------------------------  
                                    Jodi K. Holmann, Individually            
                                                                             
                                                                             
                                                                             
                                    ---------------------------------------  
                                    Daniel J. Jarecki, Individually          
                                                                             
                                                                             
                                                                             
                                    ---------------------------------------  
                                    Donald W. Schmidt, Individually          
                                                                             
                                    SHAREHOLDERS' AGENT:                     
                                                                             
                                                                             
                                                                             
                                    ---------------------------------------  
                                    Donald A. Smart                          
                                    


                                       50