Exhibit 10.14

LEASE SCHEDULE NO. 001R

This Lease Schedule No. 001R replaces Lease Schedule
No. 001.

This Lease Schedule is issued pursuant to the Lease Agreement Number TR051905 dated May 19, 2005. The terms of the Lease
Agreement and serial numbers contained on Certificate of Acceptance Numbers TR051905-001-001 thru TR051905-001-003 are a part hereof and are incorporated by reference herein.



|                              |  |                          
|----------------------------- |  | -------------------------
|LESSOR                        |  | LESSEE                   
|Farnam Street Financial, Inc. |  | Transcend Services, Inc. 
|240 Pondview Plaza            |  | 945 East Paces Ferry Road
|5850 Opus Parkway             |  | Suite 1475               
|Minnetonka, MN 55343          |  | Atlanta, GA 30326        
|                              | 
|SUPPLIER OF EQUIPMENT         |  | LOCATION OF EQUIPMENT    
|Various                       |  | Same as above            

Term of Lease from Commencement Date: 60 Months

Monthly Lease Charge: $1,001.03

Delivery and Installation: August 2005  November 2005

Commencement Date: December 1, 2005

Security Deposit: $1,001.03. At the
end of the applicable lease term, provided that there is no event of default, this security deposit will be returned to Lessee.

EQUIPMENT



|             |  |     |  |               |  |                                           
|------------ |  | --- |  | ------------- |  | ------------------------------------------
|MANUFACTURER |  | QTY |  | MACHINE/MODEL |  | EQUIPMENT DESCRIPTION (including features)
|             |  |     |  |               |  | See Attachment A                          

The Monthly Lease Charge will be prorated and charged as interim rent between the date an item of equipment is
accepted and the Commencement Date.



|                                       |  |                      |  |                                       |  |             |  |                  
|-------------------------------------- |  | -------------------- |  | ------------------------------------- |  | ----------- |  | -----------------
|Every Term is Agreed to and Accepted:  |  |                      |  | Every Term is Agreed to and Accepted:
|                                       |  |                     
|FARNAM STREET FINANCIAL, INC. LESSOR |  |                      |  | TRANSCEND SERVICES, INC. LESSEE    
|                                       |  |                      |  |                                      
|By:                                    |  | /s/ Steven C. Morgan |  |                                       |  | By:         |  | /s/ Lance Cornell
|                                       |  |                      |  |                                      
|Print Name:                            |  | Steven C. Morgan     |  |                                       |  | Print Name: |  | Lance Cornell    
|                                       |  |                      |  |                                      
|Title:                                 |  | President            |  |                                       |  | Title:      |  | C.F.O.           
|                                       |  |                      |  |                                      
|Date:                                  |  | Dec. 20, 2005        |  |                                       |  | Date:       |  | 12/19/05         



---

Lease Agreement Number: TR051905

Lease Schedule Number: 001R

ATTACHMENT A



|                   |  |     |  |               |  |                                                                                                                                            
|------------------ |  | --- |  | ------------- |  | -------------------------------------------------------------------------------------------------------------------------------------------
|MANUFACTURER       |  | QTY |  | MACHINE/MODEL |  | EQUIPMENT DESCRIPTION (incl. features)                                                                                                     
|GLS COMMUNICATIONS |  | 2   |  |               |  | 50% Deposit                                                                                                                                
|                   |  |     | 
|NORTEL             |  | 1   |  | AASTRA        |  | AASTRA CNX conference bridge with associated materials                                                                                     
|                   |  |     | 
|NORTEL             |  | 51  |  |               |  | T316E Phones, Black, 16 Button                                                                                                             
|                   |  |     | 
|NORTEL             |  | 1   |  |               |  | T24 DSS 24 Button, Black, Console Attendant Phone                                                                                          
|                   |  |     | 
|NORTEL             |  | 8   |  |               |  | Nortel USB Headsets                                                                                                                        
|                   |  |     | 
|NORTEL             |  | 1   |  |               |  | BCM Voice over IP 8 seats                                                                                                                  
|                   |  |     | 
|NORTEL             |  | 1   |  |               |  | BCM Message Center with 68 Mailboxes                                                                                                       
|                   |  |     | 
|NORTEL             |  | 1   |  |               |  | BCM Gold Bundle for 32 users - Call Center Professional (up to 20 agents) 32 seats unified messaging (Voicemail & fax) - Call Center Report
|                   |  |     | 
|NORTEL             |  | 1   |  |               |  | BCM Expansion unit with PS                                                                                                                 
|                   |  |     | 
|NORTEL             |  | 2   |  |               |  | BCM DTM - T1/PRI Card                                                                                                                      
|                   |  |     | 
|NORTEL             |  | 2   |  |               |  | BCM DSM 32+                                                                                                                                
|                   |  |     | 
|NORTEL             |  | 4   |  |               |  | BCM 8 Port analog media bay                                                                                                                
|                   |  |     | 
|NORTEL             |  | 1   |  |               |  | BCM 400 Platform, Cabinet, Processor                                                                                                       
|                   |  |     | 
|NORTEL             |  | 1   |  |               |  | BCM 200 Expansion Cabinet                                                                                                                  
|                   |  |     | 
|NORTEL             |  | 1   |  |               |  | 64 additional mailboxes                                                                                                                    



|                              |  |                      |  |                          |  |             |  |                  
|----------------------------- |  | -------------------- |  | ------------------------ |  | ----------- |  | -----------------
|Agreed to and Accepted:       |  |                      |  | Agreed to and Accepted: 
|                              |  |                     
|FARNAM STREET FINANCIAL, INC. |  |                      |  | TRANSCEND SERVICES, INC.
|LESSOR                      |  |                      |  | LESSEE                
|                              |  |                      |  |                         
|By:                           |  | /s/ Steven C. Morgan |  |                          |  | By:         |  | /s/ Lance Cornell
|                              |  |                      |  |                         
|Print Name:                   |  | Steven C. Morgan     |  |                          |  | Print Name: |  | Lance Cornell    
|                              |  |                      |  |                         
|Title:                        |  | President            |  |                          |  | Title:      |  | CFO              
|                              |  |                      |  |                         
|Date:                         |  | Dec. 20, 2005        |  |                          |  | Date:       |  | 12/19/05         



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