Document:

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                                                                    Exhibit 10.6
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                         REGISTRATION RIGHTS AGREEMENT

     THIS REGISTRATION RIGHTS AGREEMENT ("Agreement") dated as of
________________, 2000, is entered into by Metavante Corporation, a Wisconsin
corporation (the "Company"), and Marshall & Ilsley Corporation, a Wisconsin
corporation (the "Shareholder").

     This Agreement is made in connection with the registration for sale to the
public of shares of Common Stock (as hereinafter defined) pursuant to a
registration statement on Form S-1 and any amendments thereto (the "Registration
Statement") filed with the Securities and Exchange Commission (the "Commission")
(the "Initial Public Offering").

     The Shareholder owns approximately ____% of the issued and outstanding
shares of Common Stock (as hereinafter defined) after completion of the Initial
Public Offering (approximately ____% if the overallotment option is exercised in
full. Subject to the provisions hereof, the Shareholder or any Affiliate (as
hereinafter defined) that may acquire shares of Common Stock from the
Shareholder has the right to cause the Company, upon request, to register with
the Commission an offering and sale of shares of Common Stock owned by the
Shareholder or any such Affiliate, subject to the terms of this Agreement.

     The parties to this Agreement agree as follows:

     1.  Definitions.  As used in this Agreement, the following capitalized
terms shall have the indicated meanings:

     Affiliate - Marshall & Ilsley Corporation, a Wisconsin corporation ("M&I"),
and any Person that, directly or indirectly, through one or more intermediaries,
controls, or is controlled by, or is under common control with, M&I.

     Common Stock - The common stock, $.01 par value per share, of the Company.

     Distribution Abandonment Notice - Notice to the Company that M&I does not
intend to complete the distribution of the Common Stock it holds to its
shareholders.

     Exchange Act - The Securities Exchange Act of 1934, as amended, or any
similar federal statute then in effect, and a reference to a particular section
thereof shall be deemed to include a reference to the comparable section, if
any, of any such similar federal statute.

     Holder - The Shareholder and any Affiliate which owns Registrable
Securities on the date hereof or to which Registrable Securities are transferred
after the date hereof.

     Officers' Certificate - A certificate signed by the Chairman of the Board,
the President or a Vice President and by the Treasurer, an Assistant Treasurer,
the Secretary or an Assistant Secretary of the Company.

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     Person - Any individual, partnership, joint venture, corporation, trust,
unincorporated organization, limited liability company, or other business
entity.

     Registrable Securities - The Common Stock owned by the Holders and any
Common Stock which may be issued or distributed in respect thereof by way of a
stock dividend or a stock split or other distribution, recapitalization or
reclassification. As to any particular Registrable Securities, such Registrable
Securities shall cease to be Registrable Securities when they cease to be owned
by a Holder.

     Rule 144 - Rule 144 promulgated under the Securities Act, as such rule may
be amended from time to time, or any successor rule.

     Securities Act - The Securities Act of 1933, as amended, or any similar
federal statute then in effect, and a reference to a particular section thereof
shall be deemed to include a reference to the comparable section, if any, of any
similar federal statute.

     2.  Effectiveness of Registration Rights.  This Agreement shall only become
effective upon the receipt by the Company of the Distribution Abandonment
Notice. The following provisions shall apply when this Agreement becomes
effective:

     (a)  Demand Registration.  In the event that following the period the
Holder is prohibited from selling the Registrable Securities by the provisions
of the underwriting agreement relating to the Initial Public Offering, any
Holder or Holders (i) desire to sell shares of Registrable Securities owned by
such Holder or Holders and (ii) an exemption from registration under the
Securities Act or the rules and regulations promulgated thereunder, including,
without limitation, Rule 144 (or any successor rules or regulation thereto), is
not available to enable the Holder or Holders to dispose of the number of shares
of Registrable Securities it desires to sell at the time and in the manner it
desires to do so, then upon the written request of any Holder or Holders
requesting that the Company effect the registration under the Securities Act of
all or part of such Holder's or Holders' Registrable Securities and specifying
the intended method of disposition thereof, but subject to the limitations set
forth herein, the Company will promptly give written notice of such requested
registration to all other Holders of Registrable Securities, and the Company
shall file with the Commission as promptly as practicable after sending such
notice, and use its best efforts to cause to become effective, a registration
statement under the Securities Act registering the offering and sale of:

          (i)  the Registrable Securities which the Company has been so
     requested to register by such Holder or Holders; and

          (ii)  all other Registrable Securities which the Company has been
     requested to register by any other Holder thereof by written request given
     to the Company within 15 days after the giving of such written notice by
     the Company (which request shall specify the intended method of disposition
     of such Registrable Securities),

all to the extent necessary to permit the disposition (in accordance with the
intended method thereof as aforesaid) of the Registrable Securities so to be
registered; provided, that the Company shall not be obligated to file a
registration statement relating to any registration request under this

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Section 2(a) (A) unless the aggregate requests by the Holder or Holders for such
registration cover not less than 5.0% of the outstanding Common Stock, (B) with
respect to more than an aggregate of 3 registrations (which shall be increased
to an unlimited number of registrations if such additional registrations are
effected on Form S-3 or any successor similar short-form registration statement)
under this Section 2(a), (C) within a period of 180 days after the effective
date of any other registration statement relating to any registration request
under this Section 2(a), or (D) if with respect thereto, the managing
underwriter, the Commission, the Securities Act or the rules and regulations
thereunder, or the form on which the registration statement is to be filed,
would require the conduct of an audit other than the regular audit conducted by
the Company at the end of its fiscal year, in which case the filing may be
delayed until the completion of such regular audit (unless the Holders
requesting such registration agree to pay the expenses of the Company in
connection with such an audit other than the regular audit).

     (b)  Priority in Requested Registrations.  If a requested registration
pursuant to this Section 2 involves an underwritten offering and the managing
underwriter advises the Company in writing that, in its opinion, the number of
securities requested to be included in such registration (including securities
of the Company which are not Registrable Securities) exceeds the number which
can be sold in such offering without having an adverse effect on such offering
as contemplated by the Holders (including the price at which the Holders propose
to sell such Registrable Securities) the Company will (subject to the last
sentence of this paragraph) include in such registration only the Registrable
Securities requested to be included in such registration by the Holders. In the
event that the number of Registrable Securities requested to be included in such
registration exceeds the number which, in the opinion of such managing
underwriter, can be sold, the number of such Registrable Securities included in
such registration shall be allocated pro rata among all requesting Holders on
the basis of the relative number of shares of Registrable Securities then held
by each such Holder (provided that any shares thereby allocated to any such
Holder that exceed such Holder's request shall be reallocated among the
remaining requesting Holders in like manner). In the event that the number of
Registrable Securities requested to be included in such registration is less
than the number which, in the opinion of the managing underwriter, can be sold,
the Company may include in such registration the securities the Company proposes
to sell up to the number of securities that, in the opinion of the managing
underwriter, can be sold; provided, however, that neither the Company nor any
other Person may include any securities in any registration pursuant to this
Section 2 without the prior written consent of the Holders requesting such
registration.

     (c)  Limitation on Registration Rights.

          (i)  If a request for registration pursuant to Section 2(a) hereof is
     made within 30 days prior to the conclusion of the Company's then current
     fiscal year, or within 40 days after the end of a fiscal year, the Company
     shall not be required to file a registration statement until such time as
     the Company receives its audited financial statements for such fiscal year.

          (ii)  The Company shall be entitled to postpone for a reasonable
     period of time (not to exceed 90 days (or, in the case of clause (A) below,
     180 days after effectiveness of the proposed registration statement), which
     may not thereafter be extended) the filing

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     of any registration statement otherwise required to be prepared and filed
     by it pursuant to Section 2(a) hereof if, at the time it receives a request
     for such registration, (A) the Company is conducting or about to conduct an
     offering of any class of its securities and the Company is advised by the
     investment banker or financial advisor engaged by the Company to advise the
     Company thereon that such offering would be affected adversely by the
     registration so demanded and the Company shall have furnished to the Holder
     or Holders of Registrable Securities requesting such registration an
     Officers' Certificate to that effect, (B) the Company is in possession of
     material information that has not been disclosed to the public and the
     Company deems it advisable not to disclose such information in the
     registration statement, (C) the Company is engaged in any active program
     for the repurchase of its Common Stock or (D) the board of directors of the
     Company shall determine in good faith that such offering will interfere
     with a pending or contemplated financing, merger, sale of assets,
     recapitalization or other similar corporate action of the Company and the
     Company shall have furnished to the Holder or Holders of Registrable
     Securities requesting such registration an Officers' Certificate to that
     effect. After such period of postponement the Company shall effect such
     registration as promptly as practicable without further request from the
     Holder or Holders of Registrable Securities, unless such request has been
     withdrawn.

          (iii)  Except as otherwise provided herein, any request by a Holder or
     Holders for registration of Registrable Securities pursuant to Section 2(a)
     hereof which is subsequently withdrawn prior to the registration statement
     becoming effective shall not constitute a registration statement for
     purposes of determining the number of registrations to which the Holder of
     such Registrable Securities is entitled pursuant to Section 2(a); provided,
     however, that the Holder of such Registrable Securities shall reimburse the
     Company for all expenses incurred, including, without limitation,
     reasonable fees and expenses of the Company's attorneys, accountants and
     investment bankers, in connection with the preparation and filing, if
     filed, of such registration statement.

     (d)  If any registration of Registrable Securities shall be made in
connection with an underwritten public offering pursuant to this Section 2, then
the Company shall not effect any public sale or distribution of any of its
equity securities or of any security convertible into or exchangeable or
exercisable for any of its equity securities ("Company Equity Securities")
(except, in each case, (1) as part of such public offering, and (2) pursuant to
employee benefit plans registered on Form S-8) during the 180 day period
beginning on the effective date of such registration, and the Company shall use
its best efforts to cause each member of the management of the Company who holds
any Company Equity Securities and each other holder of 5% or more of any Company
Equity Securities purchased from the Company (at any time other than in a public
offering) to so agree.

     3.  (a)  Incidental Registration.  If this Agreement is effective and if
the Company shall at any time propose to file a registration statement under the
Securities Act for an offering of securities of the Company for cash (other than
an offering relating to (i) a business combination that is to be filed on Form
S-4 under Securities Act (or any successor form thereto) or (ii) any employee
benefit plan, including, without limitation a stock option or stock purchase
plan), the Company shall provide prompt written notice of such proposal to all
Holders of Registrable

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Securities of its intention to do so and of such Holders' rights under this
Section 3 and shall use its best efforts to include such number or amount of
Registrable Securities in such registration statement which the Company has been
so requested to register by the Holders thereof, which request shall be made to
the Company within 20 days after the Holder receives notice from the Company of
such proposed registration; provided, that (i) if, at any time after giving
written notice of its intention to register any securities and prior to the
effective date of the registration statement filed in connection with such
registration, the Company shall determine for any reason not to register such
securities, the Company may, at its election, give written notice of such
determination to each Holder of Registrable Securities and, thereupon, shall be
relieved of its obligation to register any Registrable Securities in connection
with such registration (but not from its obligation to pay the registration
expenses referred to in Section 6 incurred in connection therewith), and (ii) if
such registration involves an underwritten offering, all Holders requesting to
include their Registrable Securities in the Company's registration must sell
their Registrable Securities to the underwriters selected by the Company on the
same terms and conditions as apply to the Company, with such differences,
including any with respect to indemnification and liability insurance, as may be
customary or appropriate in combined primary and secondary offerings. If a
registration requested pursuant to this Section 3(a) involves an underwritten
public offering, any Holder requesting to include their Registrable Securities
in such registration may elect, in writing prior to the effective date of the
registration statement filed in connection with such registration, not to
register such securities in connection with such registration.

     (b)  Priority in Incidental Registrations.  If a registration pursuant to
this Section 3 involves an underwritten offering and the managing underwriter
advises the Company in writing that, in its opinion, the number of securities to
be included in such registration (including Registrable Securities) exceeds the
number which can be sold in such offering without having an adverse effect on
such offering as contemplated by the Company (including the price at which the
Company proposes to sell such securities), then the Company will include in such
registration (i) first, all of the securities the Company proposes to sell, (ii)
second, that number of Registrable Securities requested to be included in such
registration which, in the opinion of such managing underwriter, can be sold
without having the adverse effect referred to above, such amount to be allocated
pro rata among all requesting Holders on the basis of the relative number of
shares of Registrable Securities then held by each such Holder (provided that
any shares thereby allocated to any such Holder that exceed such Holder's
request will be reallocated among the remaining requesting Holders in like
manner).

     (c)  If any registration of Registrable Securities shall be made in
connection with an underwritten public offering pursuant to this Section 3, then
the Holders shall not effect any public sale or distribution of any Registrable
Securities (except as part of such public offering) during the 180 day period
beginning on the effective date of such registration, if, and to the extent
that, the managing underwriter(s) of any such offering determine(s) that such
action is necessary or desirable to effect such offering; provided, that each
Holder has received the written notice required by subsection (a), hereof.
Notwithstanding the foregoing, no Holder shall be obligated to comply with the
restrictions of this subsection as a result of an underwritten public offering
subject to this Section 3 more than once in any twelve month period.

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     4.  Additional Rights.  If the Company at any time grants any other holders
of Company Equity Securities any rights to request the Company to effect the
registration of any such Company Equity Securities on terms more favorable to
such holders than the terms set forth in this Agreement, this Agreement shall be
deemed amended or supplemented to the extent necessary to provide the Holders
such more favorable rights and benefits. In no event shall the Company grant to
any person any rights to request the Company to effect the registration of any
Company Equity Securities on terms which are adverse to the rights of the
Holders set forth in this Agreement.

     5.  Registration Procedures.  Whenever a Holder or Holders have requested
that any Registrable Securities be registered pursuant to this Agreement, the
Company will use its best efforts to effect the registration and the sale of
such Registrable Securities in accordance with the intended method of
disposition thereof, and pursuant thereto the Company will as expeditiously as
possible:

     (a)  prepare and file with the Commission a registration statement with
respect to such Registrable Securities and use its best efforts to cause such
registration statement to become effective (provided that before filing a
registration statement or prospectus or any amendments or supplements thereto,
the Company will furnish to the counsel selected by the Holders of a majority of
the Registrable Securities covered by such registration statement copies of all
such documents proposed to be filed, which documents will be subject to the
review of such counsel);

     (b)  prepare and file with the Commission such amendments and supplements
to such registration statement and the prospectus used in connection therewith
as may be necessary to keep such registration statement effective for a period
of not less than 90 days and comply with the provisions of the Securities Act
with respect to the disposition of all Registrable Securities covered by such
registration statement during such period in accordance with the intended
methods of disposition by the seller or sellers thereof set forth in such
registration statement;

     (c)  furnish to each seller of Registrable Securities such number of copies
of such registration statement, each amendment and supplement thereto, the
prospectus included in such registration statement (including each preliminary
prospectus) and such other documents as such seller may reasonably request in
order to facilitate the disposition of the Registrable Securities owned by such
seller;

     (d)  use its best efforts to register or qualify such Registrable
Securities under such other securities or blue sky laws of such jurisdictions as
any seller reasonably requests and do any and all other acts and things that may
be reasonably necessary or advisable to enable such seller to consummate the
disposition in such jurisdictions of the Registrable Securities owned by such
seller (provided that the Company will not be required to (i) qualify generally
to do business in any jurisdiction where it would not otherwise be required to
qualify but for this subparagraph, (ii) subject itself to taxation in any such
jurisdiction or (iii) consent to general service of process in any such
jurisdiction);

     (e)  notify each seller of such Registrable Securities, at any time when a
prospectus relating thereto is required to be delivered under the Securities
Act, of the occurrence of any

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event as a result of which the prospectus included in such registration
statement contains an untrue statement of a material fact or omits any fact
necessary to make the statements therein, in light of the circumstances under
which made, not misleading, and at the request of any such seller, the Company
will prepare a supplement or amendment to such prospectus so that, as thereafter
delivered to the purchasers of such Registrable Securities, such prospectus will
not contain an untrue statement of a material fact or omit to state any fact
necessary to make the statements therein, in light of the circumstances under
which made, not misleading;

     (f)  cause all such Registrable Securities to be listed or admitted for
trading on each securities exchange or quotation system on which securities
issued by the Company that are of the same class as the Registrable Securities
are then listed or admitted for trading;

     (g)  provide a transfer agent and registrar for all such Registrable
Securities not later than the effective date of such registration statement;

     (h)  make available for inspection by any seller of Registrable Securities,
any underwriter participating in any disposition pursuant to such registration
statement and any attorney, accountant or other agent retained by any such
seller or underwriter all financial and other records, pertinent corporate
documents and properties of the Company, and cause the Company's officers,
directors, employees and independent certified public accountants to supply all
information reasonably requested by any such seller, underwriter, attorney,
accountant or agent in connection with such registration statement;

     (i)  use its best efforts to cause such Registrable Securities covered by
such registration statement to be registered with or approved by such other
governmental agencies or authorities as may be necessary to enable the sellers
thereof to consummate the disposition of such Registrable Securities;

     (j)  obtain a "cold comfort" letter from the Company's independent public
accountants in customary form and covering such matters of the type customarily
covered by "cold comfort" letters as the seller or sellers of a majority of the
Registrable Securities being sold reasonably request;

     (k)  if underwriters are engaged in connection with any registration
referred to in this Agreement, enter into underwriting or other agreements
providing indemnification, representations, covenants, opinions and other
assurances to the underwriters in form and substance reasonably satisfactory to
such underwriters; and

     (l)  enter into such customary agreements (including underwriting
agreements in customary form) and take all such other actions as the Holders of
a majority of the Registrable Securities being sold or the underwriters, if any,
reasonably request in order to expedite or facilitate the disposition of such
Registrable Securities.

     6.  Registration Expenses.  All expenses incidental to the Company's
performance of or compliance with this Agreement, including, without limitation,
all registration and filing fees, fees and expenses of compliance with
securities or blue sky laws, printing expenses, messenger and delivery expenses,
and fees and disbursements of counsel for the Company and all

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independent certified public accountants, underwriters (excluding discounts and
commissions) and other persons retained by the Company, including without
limitation, all salaries and expenses of the Company's officers and employees
performing legal or accounting duties, the expense of any annual audit or
quarterly review, the expense of any liability insurance and the expenses and
fees for listing or admitting the securities to be registered on each securities
exchange or quotation system on which similar securities issued by the Company
are then listed or admitted will be borne by the Company, except that (i)
underwriting discounts and commissions relating to the sale of Registrable
Securities will be the responsibility of the seller of the related Registrable
Securities, (ii) filing fees relating to the registration or qualification of
Registrable Securities with the Commission and any state securities or blue sky
commission will be the responsibility of the seller of the related Registrable
Securities, (iii) printing expenses incurred in connection with any offering of
Registrable Securities pursuant to Section 2(a) hereof will be the
responsibility of the sellers, (iv) the fees and expenses of any counsel for the
sellers will be the responsibility of such sellers and (v) any special or
extraordinary auditing costs resulting solely from the registration of
Registrable Securities under this Agreement will be the responsibility of the
sellers.

     7.  Term.  This Agreement shall terminate upon the earlier to occur of (i)
any distribution (effected by dividend or otherwise) by the Shareholder of all
of the Registrable Securities held by it to the shareholders of M&I, or its
successors or (ii) such time as the shares of Registrable Securities owned by
the Holders of Registrable Securities constitute less than 5.0% of the issued
and outstanding shares of Common Stock of the Company.

     8.  Indemnification.

     (a)  In connection with any offering of Registrable Securities pursuant to
Sections 2(a) or 3(a) hereof, the Company agrees to indemnify, to the fullest
extent permitted by law, each Holder of Registrable Securities whose Registrable
Securities are sold in such offering, its officers and directors and each person
who controls such Holder or Holders (within the meaning of the Securities Act)
against all losses, claims, damages, liabilities and expenses (including
attorney's fees) arising out of or based upon any untrue or alleged untrue
statement of material fact contained in any registration statement, prospectus
or preliminary prospectus or any amendment thereof or supplement thereto under
which such Registrable Securities were registered under the Securities Act or
any omission or alleged omission of a material fact required to be stated
therein or necessary to make the statements therein not misleading, except
insofar as such untrue statement or alleged untrue statement or omission or
alleged omission was made in such registration statement, preliminary
prospectus, prospectus, amendment or supplement in reliance upon any information
furnished in writing to the Company by a Holder or Holders of Registrable
Securities expressly for use therein.

     (b)  Each Holder of Registrable Securities whose Registrable Securities are
sold in any offering pursuant to Sections 2(a) or 3(a) hereof, agrees to
indemnify, to the fullest extent permitted by law, the Company, the other
Holders of Registrable Securities whose Registrable Securities are sold in such
offering, their respective officers and directors and each other person, if any,
who controls the Company or such other Holders of Registrable Securities (within
the meaning of the Securities Act) against all losses, claims, damages,
liabilities and expenses

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(including attorney's fees) caused by any untrue or alleged untrue statement of
a material fact contained in any registration statement, prospectus or
preliminary prospectus or any amendment thereof or supplement thereto under
which such Registrable Securities were registered under the Securities Act or
any omission or alleged omission of a material fact required to be stated
therein or necessary to make the statements therein not misleading, in each case
to the extent, but only to the extent, that such untrue statement or alleged
untrue statement or omission or alleged omission was made in such registration
statement, preliminary prospectus, prospectus, amendment or supplement in
reliance upon any information furnished in writing to the Company by such Holder
expressly for use therein.

     (c)  Any person entitled to indemnification hereunder will (i) give prompt
written notice to the indemnifying party of any claim with respect to which it
seeks indemnification and (ii) unless in such indemnified party's reasonable
judgment a conflict of interest between such indemnified and indemnifying
parties may exist with respect to such claim, permit such indemnifying party to
assume the defense of such claim with counsel reasonably satisfactory to the
indemnified party. If such defense is assumed, the indemnifying party will not
be subject to any liability for any settlement made by the indemnified party
without its consent (but such consent will not be unreasonably withheld). An
indemnifying party who is not entitled to, or elects not to, assume the defense
of a claim will not be obligated to pay the fees and expenses of more than one
counsel for all parties indemnified by such indemnifying party with respect to
such claim, unless in the reasonable judgment of any indemnified party a
conflict of interest may exist between such indemnified party and any other of
such indemnified parties with respect to such claim.

     (d)  The indemnification provided for under this Agreement will remain in
full force and effect regardless of any investigation made by or on behalf of
the indemnified party or any officer, director or controlling person of such
indemnified party and will survive the transfer of securities. The indemnifying
party also agrees to make such provisions as are reasonably requested by any
indemnified party, of contribution to any such party in the event the
indemnification provided for in this Section 8 is unavailable to or insufficient
to hold harmless an indemnified party for any reason.

     9.   Participation in Underwritten Registrations.  No Person may
participate in any registration hereunder that is underwritten unless such
Person (a) agrees to sell such Person's securities on the basis provided in any
underwriting arrangements approved by the Person or Persons entitled hereunder
to approve such arrangements and (b) completes and executes all questionnaires,
powers of attorney, indemnities, underwriting agreements and other documents
required under the terms of such underwriting arrangements.

     10.  Rule 144.  The Company covenants and agrees that it shall file in a
timely manner the reports required to be filed by it under the Securities Act
and the Exchange Act and the rules and regulations promulgated thereunder (or,
if the Company is not required to file such reports, it shall, upon the request
of any Holder, make publicly available such information), and it shall take such
further action as any Holder may reasonable request, all to the extent required
from time to time to enable such Holder to sell its Registrable Securities
without registration under the Securities Act within the limitations of the
exemptions provided by Rule 144. Upon the request

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of any Holder, the Company shall deliver to such Holder a written statement as
to whether it has complied with such requirements.

     11.  Miscellaneous.

     (a)  No Inconsistent Agreements.  The Company will not hereafter enter into
any agreement with respect to its securities (other than any underwriting
agreement relating to the Initial Public Offering) which is inconsistent or in
conflict with the rights granted to the Holders of Registrable Securities in
this Agreement.

     (b)  Remedies.  Any person having rights under any provision of this
Agreement will be entitled to enforce such rights specifically, to recover
damages caused by reason of any breach of any provision of this Agreement and to
exercise all other rights granted by law.

     (c)  Amendment and Waivers.  The provisions of this Agreement may be
amended and the Company may take any action herein prohibited, or omit to
perform any act herein required to be performed by it, only if the Company has
obtained the written consent of Holders of at least 50% of the Registrable
Securities.

     (d)  Successors and Assigns.  No Holder may assign this Agreement or any of
its rights or obligations hereunder to any Person other than the Shareholder or
any Affiliate without the prior written consent of the Company, and any such
attempted assignment without such prior written consent shall be void and of no
force and effect. All covenants and agreements in this Agreement by or on behalf
of any of the parties hereto will bind and inure to the benefit of the
respective successors and permitted assigns of the parties hereto whether so
expressed or not.

     (e)  Severability.  Whenever possible, each provision of this Agreement
will be interpreted in such manner as to be effective and valid under applicable
law, but if any provision of this Agreement is held to be prohibited by or
invalid under applicable law, such provision will be ineffective only to the
extent of such prohibition or invalidity, without invalidating the remainder of
this Agreement.

     (f)  Counterparts.  This Agreement may be executed in two or more
counterparts, any one of which need not contain the signatures of more than one
party, but all such counterparts taken together will constitute one and the same
Agreement.

     (g)  Descriptive Headings.  The descriptive headings of this Agreement are
inserted for convenience only and do not constitute a part of this Agreement.

     (h)  Governing Law.  All questions concerning the construction, validity
and interpretation of this Agreement will be governed by the internal law, and
not the law of conflicts, of the State of Wisconsin.

     (i)  Notice.  All notices, demands or other communications to be given or
delivered under or by reason of the provisions of this Agreement will be in
writing and will be deemed to have been given when delivered personally or
mailed by certified or registered mail, return receipt requested and postage
prepaid, to the recipient. Such notices, demands and other

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communications will be sent to each Holder of Registrable Securities at such
Holder's address as it appears in the records of the Company (unless otherwise
indicated by any such Holder to the Company in writing) and to the Company at
its principal executive offices.

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

                                       METAVANTE CORPORATION

                                       By: ____________________________________

                                       Title: _________________________________

                                       MARSHALL & ILSLEY CORPORATION

                                       By: ____________________________________

                                       Title: _________________________________

                                       11<PAGE>

                                                                    Exhibit 10.7

                  GENERAL ASSIGNMENT AND ASSUMPTION AGREEMENT

     THIS GENERAL ASSIGNMENT AND ASSUMPTION Agreement (this "Agreement") is
entered into as of July 1, 2000 between Marshall & Ilsley Corporation, a
Wisconsin corporation ("M&I"), and Metavante Corporation, a Wisconsin
corporation ("Metavante"). Capitalized terms used herein and not otherwise
defined herein shall have the meanings ascribed to such terms in Article V
hereof.

                                   RECITALS

     WHEREAS, M&I hereby and by certain other agreements and instruments
transfers or will transfer to Metavante effective as of 12:01 a.m., Milwaukee
time, July 1, 2000 (the "Separation Date"), substantially all of the business
and assets of the Metavante Business owned by M&I. It is the intent of the
parties hereto, by this Agreement and the other agreements and instruments, that
M&I and its Subsidiaries convey to Metavante and its Subsidiaries substantially
all of the business and assets of the Metavante Business.

     WHEREAS, it is further intended between the parties that Metavante assume
the liabilities related to the Metavante Business currently owed by M&I and its
Subsidiaries, as provided in this Agreement.

     NOW, THEREFORE, in consideration of the premises and the covenants and
agreements contained herein, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

                                   ARTICLE I
                          CONTRIBUTION AND ASSUMPTION

     Section 1.1.  Contribution of Assets and Assumption of Liabilities.

          (a)  Transfer of Assets. Effective as of the Separation Date, M&I
     hereby assigns, transfers, conveys and delivers (or will cause any
     applicable Subsidiary to assign, transfer, convey and deliver) to Metavante
     and Metavante hereby accepts from M&I, or applicable M&I Subsidiary, all of
     M&I's and its applicable Subsidiaries, respective right, title and interest
     in Metavante Assets (as defined in Section 1.2(a), below); provided,
     however, that any Metavante Assets that are specifically assigned or
     transferred pursuant to the Tax Sharing Agreement or the Employee Matters
     Agreement or any other agreement between M&I and Metavante shall not be
     assigned or transferred pursuant to this Section 1.1(a).

          (b)  Assumption of Liabilities. Effective as of the Separation Date,
     Metavante hereby assumes and agrees faithfully to perform and fulfill, all
     the Metavante Liabilities (as defined in Section 1.3(a), below) owed by
     M&I; provided, however, any Metavante Liabilities specifically addressed in
     the Tax Sharing Agreement or the Employee Matters Agreement or any other
     agreement between M&I and Metavante shall not be assumed pursuant to this
     Section 1.1(b). Thereafter, Metavante shall be responsible for all
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     Metavante Liabilities, regardless of when or where such Liabilities arose
     or arise, or whether the facts on which they are based occurred prior to,
     on or after the date hereof, regardless of where or against whom such
     Liabilities are asserted or determined (including any Metavante Liabilities
     arising out of claims made by M&I's or Metavante's respective directors,
     officers, consultants, independent contractors, employees or agents against
     any member of the M&I Group or the Metavante Group) or whether asserted or
     determined prior to the date hereof, and regardless of whether arising from
     or alleged to arise from negligence, recklessness, violation of law, fraud
     or misrepresentation by any member of the M&I Group or the Metavante Group
     or any of their respective directors, officers, employees or agents.

          (c)  Misallocated Assets. In the event that at any time or from time
     to time (whether prior to, on or after the Separation Date), any party
     hereto (or any member of such party's respective Group), shall receive or
     otherwise possess any Asset that is allocated to any other Person pursuant
     to this Agreement, such party shall promptly transfer, or cause to be
     transferred, such Asset to the Person so entitled thereto. Prior to any
     such transfer, the Person receiving or possessing such Asset shall hold
     such Asset in trust for any such other Person.

     Section 1.2.  Metavante Assets.

          (a)  Included Assets. For purposes of this Agreement, "Metavante
     Assets" shall mean (without duplication) the following Assets, except as
     otherwise provided for in any other express agreement of the parties:

                 (i)   all Assets reflected in the Metavante Balance Sheet,
          subject to any dispositions of such Assets subsequent to the date of
          the Metavante Balance Sheet;

                 (ii)  all Assets that have been written off, expensed or fully
          depreciated that, had they not been written off, expensed or fully
          depreciated, would have been reflected in the Metavante Balance Sheet
          in accordance with the principles and accounting policies under which
          the Metavante Balance Sheet was prepared;

                 (iii) all Assets acquired by M&I or its Subsidiaries after the
          date of the Metavante Balance Sheet that would be reflected in the
          consolidated balance sheet of Metavante as of the Separation Date if
          such consolidated balance sheet was prepared using the same principles
          and accounting policies under which the Metavante Balance Sheet was
          prepared;

                 (iv)  all Assets that are used primarily by the Metavante
          Business at the Separation Date but are not reflected in the Metavante
          Balance Sheet due to mistake or omission; provided, however, that no
          Asset shall be a Metavante Asset requiring any transfer by M&I unless
          Metavante has, on or before the first anniversary of the Separation
          Date, given M&I notice that such Asset is a Metavante Asset;

                 (v)   all Metavante Contingent Gains;

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                 (vi)  all Metavante Contracts;

                 (vii)  all outstanding capital stock of M&I EastPoint
          Technology, Inc., M&I Asia Pacific, Inc. and Avolent, Inc. held by M&I
          as well as M&I's share of the Customers Forever, LLC equity investment
          and all other investments of M&I and the Subsidiaries of M&I reflected
          on the Metavante Balance Sheet; and

                 (viii)  all Assets that are expressly contemplated by this
          Agreement (or Schedule 1.2(a)(viii), the Tax Sharing Agreement, the
          Employee Matters Agreement, or any other agreement between M&I and
          Metavante) as Assets to be transferred to Metavante or any other
          member of the Metavante Group.

Notwithstanding the foregoing, the Metavante Assets shall not include the
Excluded Assets referred to in Section 1.2(b), below.

          (b)   Excluded Assets. For the purposes of this Agreement,
     "Excluded Assets" shall mean:

                 (i)    the Assets listed or described on Schedule 1.2(b)(i);

                 (ii)   the Assets of the Item Processing Business; and

                 (iii)  any Assets that are expressly contemplated by this
          Agreement or any other express agreement of the parties as Assets to
          be retained by M&I or any other member of the M&I Group.

     Section 1.3.  Metavante Liabilities.

          (a)    Included Liabilities. For the purposes of this Agreement,
     "Metavante Liabilities" shall mean (without duplication) the following
     Liabilities, except as otherwise provided for in any other express
     agreement of the parties:

                 (i)    all Liabilities reflected in the Metavante Balance
          Sheet, subject to any discharge of such Liabilities subsequent to the
          date of the Metavante Balance Sheet;

                 (ii)   all Liabilities of M&I or its Subsidiaries that
          arise after the date of the Metavante Balance Sheet that would be
          reflected in the consolidated balance sheet of Metavante as of the
          Separation Date if such consolidated balance sheet was prepared using
          the same principles and accounting policies under which the Metavante
          Balance Sheet was prepared;

                 (iii)  all Liabilities that are related primarily to the
          Metavante Business at the Separation Date but are not reflected in the
          Metavante Balance Sheet due to mistake or unintentional omission;
          provided, however, that no Liability shall be considered as a
          Metavante Liability unless M&I, on or before the first anniversary of
          the Separation Date, has given Metavante notice that such Liability is
          a Metavante Liability;

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                 (iv)  all Metavante Contingent Liabilities;

                 (v)   all Liabilities, whether arising before, on or after the
          Separation Date, primarily relating to, arising out of or resulting
          from:

                       (1)  the operation of the Metavante Business, as
                 conducted at any time prior to, on or after the Separation Date
                 (including any Liability relating to, arising out of or
                 resulting from any act or failure to act by any director,
                 officer, employee, agent or representative);

                       (2)  the operation of any business conducted by any
                 member of the Metavante Group at any time after the Separation
                 Date (including any Liability relating to, arising out of or
                 resulting from any act or failure to act by any director,
                 officer, employee, agent or representative); or

                       (3)  any Metavante Assets;

                 (vi)   all Liabilities relating to, arising out of or resulting
          from any of the terminated, divested or discontinued businesses and
          operations listed or described on Schedule 1.3(a)(vi); and

                 (vii)  all Liabilities that are expressly contemplated by this
          Agreement (or Schedule 1.3(a)(vii), the Tax Sharing Agreement, the
          Employee Matters Agreement, or any other agreement between M&I and
          Metavante) as Liabilities to be assumed by Metavante or any member of
          the Metavante Group, and all agreements, obligations and Liabilities
          of any member of the Metavante Group under this Agreement.

Notwithstanding the foregoing, the Metavante Liabilities shall not include the
Excluded Liabilities referred to in Section 1.3(b), below.

                 (b)  Excluded Liabilities. For the purposes of this Agreement,
     "Excluded Liabilities" shall mean:

                       (i)  all Liabilities listed or described in Schedule
                 1.3(b)(i);

                       (ii) all Liabilities of the Item Processing Business; and

                       (iii)  all Liabilities that are expressly contemplated by
                 this Agreement, or any other express agreement of the parties
                 as Liabilities to be retained or assumed by M&I or any other
                 member of the M&I Group, and all agreements and obligations of
                 any member of the M&I Group under this Agreement or any other
                 express agreement between the parties.

     Section 1.4.  Methods of Transfer and Assumption.

                 (a)  Terms of Other Agreements Govern. To the extent that the
     transfer of any Metavante Asset or the assumption of any Metavante
     Liability is expressly provided for

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     by the terms of the Tax Sharing Agreement, the Employee Matters Agreement,
     or any other express agreement of the parties, the terms of such other
     agreement shall effect, and determine the manner of, the transfer or
     assumption. It is the intent of the parties that pursuant to Sections 1.1,
     1.2 and 1.3, the transfer and assumption of all other Metavante Assets and
     Metavante Liabilities, shall be made effective as of the Separation Date.

          (b)  Mistaken Assignments and Assumptions. In addition to those
     transfers and assumptions accurately identified and designated by the
     parties to take place but which the parties are not able to effect as of
     the Separation Date, there may exist (i) Assets that the parties discover
     were, contrary to the agreements between the parties, by mistake or
     omission, transferred to Metavante or retained by M&I or (ii) Liabilities
     that the parties discover were, contrary to the agreements between the
     parties, by mistake or omission, assumed by Metavante or not assumed by
     Metavante. The parties shall cooperate in good faith to effect the transfer
     or re-transfer of such Assets, and/or the assumption or re-assumption of
     such Liabilities, to or by the appropriate party. Each party shall
     reimburse the other or make other financial adjustments or other
     adjustments to remedy any mistakes or omissions relating to any of the
     Assets transferred hereby or any of the Liabilities assumed hereby.

          (c)  Transfer of Assets and Liabilities Not Included in Metavante
     Assets and Metavante Liabilities. In the event the parties discover Assets
     or Liabilities that relate primarily to the Metavante Business but do not
     constitute Metavante Assets under Section 1.2 or Metavante Liabilities
     under Section 1.3, the parties shall cooperate in good faith to effect the
     transfer of such Assets, or the assumption of such Liabilities, to
     Metavante or its Subsidiaries. Each party shall reimburse the other or make
     other financial adjustments or other adjustments to remedy any mistakes or
     omissions relating to any of the Assets transferred hereby or any of the
     Liabilities assumed hereby.

          (d)  Documents Relating to Other Transfers of Assets and Assumption of
     Liabilities. In furtherance of the assignment, transfer and conveyance of
     Metavante Assets and the assumption of Metavante Liabilities set forth in
     Sections 1.4(a), (b) and (c), simultaneously with the execution and
     delivery hereof or as promptly as practicable thereafter, (i) M&I shall
     execute and deliver, and shall cause its Subsidiaries to execute and
     deliver, such bills of sale, stock powers, certificates of title,
     assignments of contracts and other instruments of transfer, conveyance and
     assignment as and to the extent necessary to evidence the transfer,
     conveyance and assignment of all of M&I's and its Subsidiaries, right,
     title and interest in and to the Metavante Assets to Metavante and (ii)
     Metavante shall execute and deliver to M&I and its Subsidiaries such
     assumptions of contracts and other instruments of assumption as and to the
     extent necessary to evidence the valid and effective assumption of the
     Metavante Liabilities by Metavante.

     Section 1.5.  Governmental Approvals and Consents.

          (a)  Transfer In Violation of Laws or Requiring Consent or
     Governmental Approval. If and to the extent that the valid, complete and
     perfected transfer, assignment or novation to the Metavante Group of any
     Metavante Assets and Metavante Liabilities would be a violation of
     applicable laws, violate any other obligations of any member of

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     the Metavante Group or the M&I Group to any Governmental Authority or third
     party or require any Consent or Governmental Approval in connection with
     the Separation, the IPO or the Distribution, then, unless M&I shall
     otherwise determine, the transfer, assignment or novation to the Metavante
     Group, as the case may be, of such Metavante Assets shall be automatically
     deemed deferred and any such purported transfer, assignment or novation
     shall be null and void until such time as all legal or other impediments
     are removed and/or such Consents or Governmental Approvals have been
     obtained. Notwithstanding the foregoing, such Asset shall still be
     considered a Metavante Asset for purposes of determining whether any
     Liability is a Metavante Liability; provided, however, that if such legal
     or other impediments have not been removed or Consents or Governmental
     Approvals have not been obtained within one year of the Separation Date,
     the parties will use their reasonable efforts to achieve an alternative
     solution in accordance with the parties' intentions.

           (b)  Transfers Not Consummated on the Separation Date. If the
     transfer, assignment or novation of any Assets intended to be transferred
     or assigned hereunder is not consummated as of the Separation Date, whether
     as a result of the provisions of Section 1.5(a) or for any other reason,
     then the Person retaining such Asset shall thereafter hold such Asset for
     the use and benefit, insofar as reasonably possible, of the Person entitled
     thereto (at the expense of the Person entitled thereto). In addition, the
     Person retaining such Asset shall take such other actions as may be
     reasonably requested by the Person to whom such Asset is to be transferred
     in order to place such Person, insofar as reasonably possible, in the same
     position as if such Asset had been transferred as contemplated hereby and
     so that all the benefits and burdens relating to such Assets, including
     possession, use, risk of loss, potential for gain, and dominion, control
     and command over such Assets, are to inure from and after the Separation
     Date to such Person. If and when the Consents and/or Governmental
     Approvals, the absence of which caused the deferral of transfer of any
     Asset pursuant to Section 1.5(a), are obtained, the transfer of the
     applicable Asset shall be effected in accordance with the terms of this
     Agreement and/or such other applicable express agreement of the parties.

          (c)  Expenses. The Person retaining an Asset due to the deferral of
     the transfer of such Asset shall not be obligated, in connection with the
     foregoing, to expend any money unless the necessary funds are advanced by
     the Person entitled to the Asset, other than reasonable out-of-pocket
     expenses, attorneys, fees and recording or similar fees, all of which shall
     be promptly reimbursed by the Person entitled to such Asset.

     Section 1.6.  Transfer Costs and Expenses. Notwithstanding anything herein
to the contrary, any transfer costs and expenses incurred by the parties hereto
to effect the transactions contemplated hereby which are not allocated pursuant
to the terms of this Agreement or any other express agreement of the parties
shall be the responsibility of the party which by law or custom is responsible
for such costs and expenses.

     Section 1.7.  Novation of Assumed Metavante Liabilities.

          (a)  Reasonable Efforts. Each of M&I and Metavante, at the request of
     the other, shall use its reasonable efforts to obtain, or to cause to be
     obtained, any consent,

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     substitution, approval or amendment required to novate or assign all rights
     and obligations under agreements, leases, licenses and other obligations or
     Liabilities of any nature whatsoever that constitute Metavante Liabilities
     or to obtain in writing the unconditional release of all parties to such
     arrangements other than any member of the Metavante Group, so that, in any
     such case, Metavante and its Subsidiaries will be solely responsible for
     such Liabilities; provided, however, that neither M&I, Metavante nor their
     Subsidiaries shall be obligated to pay any consideration therefor to any
     third party from whom such consents, approvals, substitutions and
     amendments are requested.

          (b) Inability to obtain Novation. If M&I or Metavante is unable to
     obtain, or to cause to be obtained, any such required consent, approval,
     release, substitution or amendment, the applicable member of the M&I Group
     shall continue to be bound by such agreements, leases, licenses and other
     obligations and, unless not permitted by law or the terms thereof (except
     to the extent expressly set forth in this Agreement, the Tax Sharing
     Agreement, the Employee Matters Agreement, or any other express agreement
     of the parties), Metavante shall, as agent or subcontractor for M&I or such
     other Person, as the case may be, pay, perform and discharge fully, or
     cause to be paid, transferred or discharged all the obligations or other
     Liabilities of M&I or such other Person, as the case may be, thereunder
     from and after the date hereof. M&I shall, without further consideration,
     pay and remit, or cause to be paid or remitted, to Metavante or its
     appropriate Subsidiary promptly all money, rights and other consideration
     received by it or any member of the M&I Group in respect of such
     performance (unless any such consideration is an Excluded Asset). If and
     when any such consent, approval, release, substitution or amendment shall
     be obtained or such agreement, lease, license or other rights or
     obligations shall otherwise become assignable or able to be novated, M&I
     shall thereafter assign, or cause to be assigned, all its rights,
     obligations and other Liabilities thereunder or any rights or obligations
     of any member of the M&I Group to Metavante without payment of further
     consideration and Metavante shall, without the payment of any further
     consideration, assume such rights and obligations.

     Section 1.8. Item Processing Business.

          (a) Assets and Liabilities. Set forth on Schedule 1.8 are certain
     estimated assets and liabilities of the Item Processing Business as of June
     30, 2000 (the "Estimated IP Assets and Liabilities"). On or before
     September 30, 2000, M&I shall provide Metavante with a statement of the
     actual value of the same assets and liabilities of the Item Processing
     Business as of June 30, 2000 (the "Final IP Assets and Liabilities").
     Within 10 business days of its receipt of the Final IP Assets and
     Liabilities, Metavante shall give notice to M&I whether or not Metavante
     agrees with the Final IP Assets and Liabilities as determined by M&I. If
     Metavante does not agree with the Final IP Assets and Liabilities, the
     parties shall negotiate in good faith to resolve any disagreements. The
     assets and liabilities of the Item Processing Business as set forth in the
     Final IP Assets and Liabilities (if Metavante agrees with such
     determination) or as finally agreed between the parties (if Metavante does
     not agree with all items set forth on Final IP Assets and Liabilities) are
     referred to as the "Agreed IP Assets and Liabilities."

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          (b) Settlement. Upon determining the Agreed IP Assets and Liabilities,
     M&I and Metavante shall settle the difference between the Estimated IP
     Assets and Liabilities and the Agreed IP Assets and Liabilities (the
     "Settlement") as follows: (i) if the aggregate value of the Agreed IP
     Assets and Liabilities (i.e., assets less liabilities) is less than the
     aggregate value of the Estimated IP Assets and Liabilities (i.e., estimated
     assets less estimated liabilities), then Metavante shall pay M&I the
     difference, and (ii) if the aggregate value of the Agreed IP Assets and
     Liabilities is greater than the aggregate value of the Estimated IP Assets
     and Liabilities, then M&I shall pay Metavante the difference.
     Notwithstanding the foregoing, in no event shall either M&I or Metavante be
     obligated to pay more than Five Million Dollars ($5,000,000) in the
     Settlement.

                                  ARTICLE II
                                  LITIGATION

     Section 2.1.  Allocation.

          (a) Litigation to Be Transferred to Metavante. As of the Separation
     Date, the responsibilities for management of the litigation identified on
     Schedule 2.1 shall be transferred in their entirety from M&I and its
     Subsidiaries to Metavante and its Subsidiaries. As of the Separation Date
     and thereafter, Metavante shall manage the defense of such litigation and
     shall cause its applicable Subsidiaries to do the same. All other matters
     relating to such litigation, including but not limited to indemnification
     for such claims, shall be governed by the provisions of this Agreement.

          (b) All Other Litigation. All other Litigation outstanding at the
     Separation Date not included in Schedule 2.1 shall remain with M&I, and
     Metavante shall have no liability in connection with or responsibility for
     defending, such litigation.

     Section 2.2. Cooperation. M&I and Metavante and their respective
Subsidiaries shall cooperate with each other in the defense of any litigation
covered under this Article II and afford to each other reasonable access upon
reasonable advance notice to witnesses and Information (other than Information
protected from disclosure by applicable privileges) that is reasonably required
to defend this litigation. The foregoing agreement to cooperate includes, but is
not limited to, an obligation to provide access to witnesses and documents to
respond to discovery requests. In such cases, cooperation shall be timely so
that the party responding to discovery may meet all court-imposed deadlines. The
party requesting Information shall reimburse the party providing Information for
the reasonable out-of-pocket cost of providing such Information.

                                  ARTICLE III
                                INDEMNIFICATION

     Section 3.1. Indemnification by Metavante. Except as otherwise provided in
the Tax Sharing Agreement or in any other express agreement between the parties,
effective as of the IPO Completion Date and thereafter, Metavante shall, for
itself and as agent for each member of the Metavante Group, indemnify, defend
and hold harmless the M&I Indemnitees from and against any and all Indemnifiable
Losses arising out of or based upon, directly or indirectly, the

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operation of the Metavante Business, including but not limited to any Metavante
Liability, whether before or after the IPO Completion Date. Without limiting the
generality of the foregoing sentence, Metavante shall indemnify, defend and hold
harmless the M&I Indemnitees from and against any and all Indemnifiable Losses
that relate to, arise out of or result from any of the following items (without
duplication):

          (a)  an untrue statement or alleged untrue statement of a material
     fact contained in the IPO Registration Statement or any preliminary, final
     or supplemental prospectus forming a part of the IPO Registration
     Statement, or any amendment or supplement thereto, or any other filing made
     by any member of the Metavante Group under the Securities Act or the
     Exchange Act, or arising out of or based upon the omission or alleged
     omission to state therein a material fact required to be stated therein or
     necessary to make the statements therein not misleading; provided, however,
     that Metavante shall not be liable in any such case to the extent that any
     such Indemnifiable Loss arises out of or is based upon an untrue statement
     or alleged untrue statement or omission or alleged omission made in the IPO
     Registration Statement or any preliminary, final or supplemental prospectus
     forming a part of the IPO Registration Statement, or any amendment or
     supplement thereto, or any such other filing made by any member of the
     Metavante Group under the Securities Act or the Exchange Act, in reliance
     upon and in conformity with written information regarding any member of the
     M&I Group furnished to any member of the Metavante Group by any member of
     the M&I Group expressly for use therein;

          (b)  an untrue statement or alleged untrue statement of a material
     fact contained in any filing made by any member of the M&I Group under the
     Securities Act or the Exchange Act, or arising out of or based upon the
     omission or alleged omission to state therein a material fact required to
     be stated therein or necessary to make the statements therein not
     misleading, in each case to the extent, but only to the extent, that such
     untrue statement or alleged untrue statement or omission or alleged
     omission was made in any such filing made by such member of the M&I Group
     under the Securities Act or the Exchange Act, in reliance upon and in
     conformity with written information regarding any member of the Metavante
     Group furnished to any member of the M&I Group by any member of the
     Metavante Group expressly for use therein;

          (c)  any Environmental Liability which is alleged to be, or which is,
     directly or indirectly, caused by, related to or a result of, the operation
     of the Metavante Business or the ownership of property of any member of the
     Metavante Group; or

          (d)  any Metavante Contract, including, without limitation, any
     requirement that any member of the M&I Group make any payments pursuant to
     the terms of any such Contract or any requirement that any member of the
     M&I Group guarantee the performance by any member of the Metavante Group of
     any of their obligations thereunder.

Section 3.2.  Indemnification by M&I.  Except as otherwise provided in the Tax
Sharing Agreement or the Employee Matters Agreement or in any other express
agreement between the parties, effective as of the IPO Completion Date and
thereafter, M&I shall, for itself

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and as agent for each member of the M&I Group, indemnify, defend and hold
harmless the Metavante Indemnitees from and against any and all Indemnifiable
Losses arising out of or based upon, directly or indirectly, the operation of
the business of M&I or any of its Affiliated Companies not related in any way to
the operations of the Metavante Business whether before or after the IPO
Completion Date. Without limiting the generality of the foregoing sentence, M&I
shall indemnify, defend and hold harmless the Metavante Indemnitees from and
against any and all Indemnifiable Losses that relate to, arise out of or result
from any of the following items (without duplication):

          (a)  an untrue statement or alleged untrue statement of a material
     fact contained in the IPO Registration Statement or any preliminary, final
     or supplemental prospectus forming a part of the IPO Registration
     Statement, or any amendment or supplement thereto, or any other filing made
     by any member of the Metavante Group under the Securities Act or the
     Exchange Act, or arising out of or based upon the omission or alleged
     omission to state therein a material fact required to be stated therein or
     necessary to make the statements therein not misleading, in each case to
     the extent, but only to the extent, that such untrue statement or alleged
     untrue statement or omission or alleged omission was made in the IPO
     Registration Statement or any preliminary, final or supplemental prospectus
     forming a part of the IPO Registration Statement, or any such amendment or
     supplement, or any such other filing made by any member of the Metavante
     Group under the Securities Act or the Exchange Act, in reliance upon and in
     conformity with written information regarding M&I or any of its Affiliated
     Companies (but not related in any way to any member of the Metavante
     Group), furnished to any member of the Metavante Group by any member of the
     M&I Group expressly for use therein;

          (b)  an untrue statement or alleged untrue statement of a material
     fact contained in any filing made by any member of the M&I Group under the
     Securities Act or the Exchange Act, or arising out of or based upon the
     omission or alleged omission to state therein a material fact required to
     be stated therein or necessary to make the statements therein not
     misleading, provided, however, that M&I shall not be liable in any such
     case to the extent that any such Indemnifiable Loss arises out of or is
     based upon an untrue statement or alleged untrue statement or omission or
     alleged omission made in any such filing made by any member of the M&I
     Group under the Securities Act or the Exchange Act, in reliance upon and in
     conformity with written information regarding any member of the Metavante
     Group furnished to any member of the M&I Group by any member of the
     Metavante Group expressly for use therein;

          (c)  arising out of or based upon any Environmental Liability which is
     alleged to be, or which is, directly or indirectly, caused by, related to
     or a result of, the operation of the business of M&I or any of its
     Affiliated Companies (other than, and not related in any way to, the
     Metavante Business) or the ownership of property by M&I or any of its
     Affiliated Companies (other than, and not related in any way to, property
     owned by any member of the Metavante Group), or

          (d)  arising out of or based upon any agreement to which any member of
     the M&I Group is a party or relating to the operation of the business of
     M&I or any of its

                                      10
<PAGE>

     Affiliated Companies (other than the Metavante Contracts), including,
     without limitation, any requirement that any member of the Metavante Group
     make any payments pursuant to the terms of such agreements or any
     requirement that any member of the Metavante Group guarantee the
     performance by any member of the M&I Group of any of their obligations
     thereunder.

Section 3.3.  Procedure for Indemnification.
              -----------------------------

          (a)  If an Indemnitee shall receive notice of the assertion by a
     person who is not a party to this Agreement of any claim or of the
     commencement by any such person of any Action (a "Third Party Claim") with
     respect to which an Indemnifying Party is or may be obligated to make an
     Indemnity Payment, such Indemnitee shall give such Indemnifying Party
     prompt notice thereof after becoming aware of such Third Party Claim,
     specifying in reasonable detail the nature of such Third Party Claim and
     the amount or estimated amount thereof to the extent then feasible (which
     estimate shall not be conclusive of the final amount of such claim);
     provided, however, that the failure of any Indemnitee to give notice as
     provided in this Section 3.3 shall not relieve the related Indemnifying
     Party of its obligations under this Agreement, except to the extent that
     such Indemnifying Party is actually prejudiced by such failure to give
     notice.

          (b)  An Indemnifying Party may elect to defend, at such Indemnifying
     Party's own expense and by such Indemnifying Party's own counsel, any Third
     Party Claim. If an Indemnifying Party elects to defend a Third Party Claim,
     it shall, within ten (10) days of notice of such Third Party Claim (or
     sooner, if the nature of such Third Party Claim so requires), notify the
     related Indemnitee of its intent to do so, and such Indemnitee shall
     cooperate in the defense of such Third Party Claim. Such Indemnifying Party
     shall pay such Indemnitee's actual out-of-pocket expenses (other than
     officers' or employees' salaries) reasonably incurred in connection with
     such cooperation as such expenses are incurred. After notice from an
     Indemnifying Party to an Indemnitee of its election to assume the defense
     of a Third Party Claim, such Indemnifying Party shall not be liable to such
     Indemnitee under this Agreement for any legal or other expenses
     subsequently incurred by such Indemnitee in connection with the defense
     thereof; provided, however, that such Indemnitee shall have the right to
     employ separate counsel to represent such Indemnitee if, in such
     Indemnitee's reasonable judgment, a conflict of interest between such
     Indemnitee and such Indemnifying Party exists in respect of such claim, and
     in that event the reasonable fees and expenses of such separate counsel
     shall be paid by such Indemnifying Party as such fees and expenses are
     incurred. Except as so provided, if an Indemnitee desires to participate in
     the defense of a Third Party Claim, it may do so but it shall not control
     the defense and such participation shall be at its sole cost and expense.
     If an Indemnifying Party elects not to defend against a Third Party Claim,
     or fails to notify an Indemnitee of its election as provided in this
     Section 3.3, such Indemnitee may defend, compromise and settle such Third
     Party Claim; provided, however, that no such Indemnitee may compromise or
     settle any such Third Party Claim without prior written notice to such
     Indemnifying Party and except by payment of monetary damages or other money
     payments. No Indemnifying Party shall consent to entry of any judgment or
     enter into any compromise or settlement which does not include as an
     unconditional term

                                      11
<PAGE>

     thereof the giving by the claimant or plaintiff to such Indemnitee of a
     release from all liability in respect to such Third Party Claim.

          (c)  If any Indemnifying Party chooses to defend any claim, the
     Indemnitee shall make available to such Indemnifying Party any personnel or
     any Information within its control that are reasonably necessary or
     appropriate for such defense (the cost of copying thereof to be paid by the
     Indemnifying Party).

          (d)  Upon any final determination of a Third Party Claim pursuant to
     this Section 3.3, the Indemnifying Party shall pay promptly on behalf of
     the Indemnitee, or to the Indemnitee in reimbursement of any amount
     theretofore required to be paid by it, the amount so determined. Upon the
     payment in full by the Indemnifying Party of any such amount, the
     Indemnifying Party shall be subrogated to the rights of such Indemnitee, to
     the extent not waived in settlement, against the person who made such Third
     Party Claim with respect to the subject matter of such claim.

          (e)  Except to the extent expressly provided otherwise herein, the
     indemnification provided for by this Agreement shall not inure to the
     benefit of any third party or parties and shall not relieve any insurer who
     would otherwise be obligated to pay any claim of the responsibility with
     respect thereto or, solely by virtue of the indemnification provisions
     hereof, provide any subrogation rights with respect thereto.

          (f)  Any claim on account of an Indemnifiable Loss which does not
     result from a Third Party Claim shall be asserted by written notice given
     by the related Indemnitee to the related Indemnifying Party. Such
     Indemnifying Party shall have a period of thirty (30) days within which to
     respond thereto. If such Indemnifying Party does not respond within such
     30-day period, such Indemnifying Party shall be deemed to have accepted
     responsibility to make payment and shall have no further right to contest
     the validity of such claim. If such Indemnifying Party does respond within
     such 30-day period and rejects such claim in whole or in part, such
     Indemnitee shall be free to pursue all available legal actions.

          (g)  If the indemnification provided for in this Agreement is
     unavailable or insufficient to hold harmless an Indemnitee in respect of
     any Indemnifiable Loss, then the Indemnifying Party shall contribute to the
     amount paid or payable by such Indemnitee as a result of such Indemnifiable
     Loss, in such proportion as is appropriate to reflect the relative fault of
     the Indemnitee on the one hand and the Indemnifying Party on the other hand
     in connection with the circumstances which resulted in such Indemnifiable
     Loss. The amount paid or payable by an Indemnitee as a result of the
     Indemnifiable Loss referred to above in this subsection 3.3(g) shall be
     deemed to include any legal or other expenses reasonably incurred by such
     Indemnitee in connection with investigating or defending any such action or
     claim.

                                      12
<PAGE>

                                  ARTICLE IV

                                 MISCELLANEOUS

     Section 4.1.  Entire Agreement.  This Agreement and the Schedules
referenced or attached hereto, and the other agreements contemplated herein
constitute the entire agreement between the parties with respect to the subject
matter hereof and shall supersede all prior written and oral and all
contemporaneous oral agreements and understandings with respect to the subject
matter hereof or thereof.

     Section 4.2.  Governing Law.  This Agreement shall be construed in
accordance with and all disputes hereunder shall be governed by the laws of the
State of Wisconsin, excluding its conflict of law rules. The District Court of
Milwaukee County and/or the United States District Court for the Eastern
District of Wisconsin shall have jurisdiction and venue over all disputes
between the parties.

     Section 4.3.  Notices.  Notices, offers, requests or other communications
required or permitted to be given by either party pursuant to the terms of this
Agreement shall be given in writing to the respective parties to the following
addresses:

          if to M&I:

                 Marshall & Ilsley Corporation
                 770 North Water Street
                 Milwaukee, Wisconsin  53202
                 Attention:  M.A. Hatfield
                 Fax:  (414) 765-7899

          if to Metavante:

                 Metavante Corporation
                 4900 West Brown Deer Road
                 Brown Deer, Wisconsin  53224
                 Attention:  N. "Norrie" J. Daroga
                 Fax:  (414) 362-1705

or to such other address as the party to whom notice is given may have
previously furnished to the other in writing as provided herein. Any notice
involving non-performance, termination, or renewal shall be sent by hand
delivery, recognized overnight courier or via United States certified mail,
return receipt requested. All other notices may also be sent by fax, confirmed
by first class mail. All notices shall be deemed to have been given and received
on the earlier of actual delivery or three (3) days from the date of postmark.

     Section 4.4.  Parties in Interest.  This Agreement, including the Schedules
hereto, and the other documents referred to herein, shall be binding upon and
inure solely to the benefit of each party hereto and their legal representatives
and successors, and nothing in this Agreement, express or implied, is intended
to confer any rights or remedies of any nature whatsoever under or by reason of
this Agreement on Persons other than M&I and Metavante, and to the extent

                                      13
<PAGE>

provided herein, M&I's and Metavante's respective directors, officers,
employees, agents and Affiliated Companies and their respective heirs,
executors, administrators, successors and permitted assigns. No provision of
this Agreement shall give any third persons any right of subrogation or action
over or against M&I or Metavante or their respective directors, officers,
employees, agents and Affiliated Companies.

     Section 4.5.  Counterparts.  This Agreement, including the Schedules
hereto, and the other documents referred to herein, may be executed in
counterparts, each of which shall be deemed to be an original but all of which
shall constitute one and the same agreement.

     Section 4.6.  Assignment.  This Agreement shall inure to the benefit of and
be binding upon the parties hereto and their respective legal representatives
and successors. This Agreement may not be assigned by any party hereto, without
the other party's express written consent.

     Section 4.7.  Severability.  If any term or other provision of this
Agreement or the Schedules attached hereto is determined by a nonappealable
decision by a court, administrative agency or arbitrator to be invalid, illegal
or incapable of being enforced by any rule of law or public policy, all other
conditions and provisions of this Agreement shall nevertheless remain in full
force and effect so long as the economic or legal substance of the transactions
contemplated hereby is not affected in any manner materially adverse to any
party. Upon such determination that any term or other provision is invalid,
illegal or incapable of being enforced, the parties hereto shall negotiate in
good faith to modify this Agreement so as to effect the original intent of the
parties as closely as possible in an acceptable manner to the end that
transactions contemplated hereby are fulfilled to the fullest extent possible.

     Section 4.8.  Failure or Indulgence Not Waiver; Remedies Cumulative.  No
failure or delay on the part of any party hereto in the exercise of any right
hereunder shall impair such right or be construed to be a waiver of, or
acquiescence in, any breach of any representation, warranty or agreement herein,
nor shall any single or partial exercise of any such right preclude other or
further exercise thereof or of any other right. All rights and remedies existing
under this Agreement or the Schedules attached hereto are cumulative to, and not
exclusive of, any rights or remedies otherwise available.

     Section 4.9.  Amendment.  No change or amendment will be made to this
Agreement except by an instrument in writing signed on behalf of each of the
parties to such agreement.

     Section 4.10.  Authority.  Each of the parties hereto represents to the
other that (a) it has the corporate or other requisite power and authority to
execute, deliver and perform this Agreement, (b) the execution, delivery and
performance of this Agreement by it have been duly authorized by all necessary
corporate or other action, (c) it has duly and validly executed and delivered
this Agreement, and (d) this Agreement is a legal, valid and binding obligation,
enforceable against it in accordance with its terms subject to applicable
bankruptcy, insolvency, reorganization, moratorium or other similar laws
affecting creditors' rights generally and general equity principles.

                                      14
<PAGE>

     Section 4.11.  Interpretation.  The headings contained in this Agreement
and in any Schedule hereto are for reference purposes only and shall not affect
in any way the meaning or interpretation of this Agreement. Any capitalized term
used in any Schedule but not otherwise defined therein, shall have the meaning
assigned to such term in this Agreement. When a reference is made in this
Agreement to an Article, a Section or a Schedule, such reference shall be to an
Article or a Section of, or a Schedule to, this Agreement unless otherwise
indicated.

     Section 4.12.  Conflicting Agreements.  In the event of conflict between
this Agreement and any other express agreement of the parties, the provisions of
such other agreement shall prevail unless otherwise provided herein.

                                   ARTICLE V

                                  DEFINITIONS

     Section 5.1.  Action.  "Action" means any demand, action, suit,
countersuit, arbitration, inquiry, proceeding or investigation by or before any
federal, state, local, foreign or international governmental authority or any
arbitration or mediation tribunal.

     Section 5.2.  Affiliated Company.  "Affiliated Company" of any Person means
a Person that controls, is controlled by, or is under common control with such
Person. As used herein, "control" means the possession, directly or indirectly,
of the power to direct or cause the direction of the management and policies of
such entity, whether through ownership of voting securities or other interests,
by contract or otherwise.

     Section 5.3.  Assets.  "Assets" means assets, properties and rights
(including goodwill), wherever located (including in the possession of vendors
or other third parties or elsewhere), whether real, personal or mixed, tangible,
intangible or contingent, in each case whether or not recorded or reflected or
required to be recorded or reflected on the books and records or financial
statements of any Person, including the following:

          (i)    all accounting and other books, records and files whether in
     paper, microfilm, microfiche, computer tape or disc, magnetic tape or any
     other form;

          (ii)   all apparatus, computers and other electronic data processing
     equipment, automobiles, trucks, motor vehicles and other transportation
     equipment, special and general tools, test devices, prototypes and models
     and other tangible personal property;

          (iii)  all inventories of materials, parts, raw materials, supplies,
     work-in-process and finished goods and products;

          (iv)  all interests in real property of whatever nature, including
     easements, whether as owner, mortgagee or holder of a Security Interest,
     lessor, sublessor, lessee, sublessee or otherwise;

          (v)   all interests in any capital stock or other equity interests of
     any Subsidiary or any other Person; all bonds, notes, debentures or other
     securities

                                      15
<PAGE>

     issued by any Subsidiary or any other Person; all loans, advances or other
     extensions of credit or capital contributions to any Subsidiary or any
     other Person; and all other investments in securities of any Person;

          (vi)   all license agreements, leases of personal property, open
     purchase orders for raw materials, supplies, parts or services, unfilled
     orders for the manufacture and sale of products and other contracts,
     agreements or commitments;

          (vii)  all deposits, letters of credit and performance and surety
     bonds;

          (viii) all written technical information, data, specifications,
     research and development information, engineering drawings, operating and
     maintenance manuals, and materials and analyses prepared by consultants and
     other third parties;

          (ix)   all Intellectual Property and licenses from third Persons
     granting the right to use any Intellectual Property;

          (x)    all computer applications, programs and other software,
     including operating software, network software, design software, design
     tools, systems documentation and instructions;

          (xi)   all cost information, sales and pricing data, customer prospect
     lists, supplier records, customer and supplier lists, customer and vendor
     data, correspondence and lists, product literature, artwork, design,
     development and manufacturing files, vendor and customer drawings,
     formulations and specifications, quality records and reports and other
     books, records, studies, surveys, reports, plans and documents;

          (xii)  all prepaid expenses, trade accounts and other accounts and
     notes receivable;

          (xiii) all rights under contracts or agreements, all claims or rights
     against any Person arising from the ownership of any Asset, all rights in
     connection with any bids or offers and all claims, choses in action or
     similar rights, whether accrued or contingent;

          (xiv)  all rights under insurance policies and all rights in the
     nature of insurance, indemnification or contribution; (xv) all licenses,
     permits, approvals and authorizations which have been issued by any
     Governmental Authority;

          (xvi)  cash or cash equivalents, bank accounts, lock boxes and other
     deposit arrangements; and

                                      16
<PAGE>

          (xvii) interest rate, currency, commodity or other swap, collar, cap
     or other hedging or similar agreements or arrangements.

     Section 5.4. Code. "Code" means the Internal Revenue Code of 1986, as
amended.

     Section 5.5.  Consents.  "Consents" means any consents, waivers or
approvals from, or notification requirements to, any third parties.

     Section 5.6.  Contracts.  "Contracts" means any contract, agreement, lease,
license, sales order, purchase order, instrument or other commitment that is
binding on any Person or any part of its property under applicable law.

     Section 5.7.  Distribution.  "Distribution" means M&I's planned
distribution to the holders of its common stock of all of the shares of
Metavante common stock owned by M&I following the IPO as provided in the
Reorganization Agreement between M&I and Metavante.

     Section 5.8.  Employee Matters Agreement.  "Employee Matters Agreement"
means the Employee Matters Agreement entered into between M&I and Metavante.

     Section 5.9.  Environmental Law.  "Environmental Law" means any federal,
state or local law (including common law), statute, ordinance, regulation, rule,
policy, order (judicial or administrative), decree, judgment, decision, ruling,
permit or authorization (each as may be in effect from time to time) relating or
applicable to pollution, human health or safety associated with the environment,
or the environment, including, without limitation, any of the foregoing relating
or applicable to emissions, discharges, spills, releases or threatened releases
of, or human exposure to, Materials of Environmental Concern, or otherwise
relating to the manufacture, processing, distribution, use, treatment, storage,
disposal, transport, or handling of Materials of Environmental Concern.

     Section 5.10.  Environmental Liability.  "Environmental Liability" means
any liability or obligation (including, without limitation, liability for
investigatory costs, oversight costs, cleanup costs, governmental or private
response costs, natural resource damages, property damages, personal injuries,
consequential economic damages, civil or criminal penalties or forfeitures, and
attorneys' fees or other costs of defending a claim of Environmental Liability)
under any Environmental Law.

     Section 5.11.  Exchange Act.  "Exchange Act" means the Securities Exchange
Act of 1934, as amended, and the rules and regulations thereunder.

     Section 5.12.  Governmental Approvals.  "Governmental Approvals" means any
notices, reports or other filings to be made, or any consents, registrations,
approvals, permits or authorizations to be obtained from, any Governmental
Authority.

     Section 5.13.  Governmental Authority.  "Governmental Authority" means any
federal, state, local, foreign or international court, government, department,
commission, board, bureau, agency, official or other regulatory, administrative
or governmental authority.

                                       17
<PAGE>

     Section 5.14.  Indemnifiable Losses.  "Indemnifiable Losses" means with
respect to any claim by an Indemnitee for indemnification authorized pursuant to
this Agreement, any and all losses, liabilities, claims, damages, obligations,
payments, costs and expenses (including, without limitation, the costs and
expenses of any and all Actions, demands, claims, assessments, judgments,
settlements and compromises relating thereto and reasonable attorneys' fees and
expenses in connection therewith) suffered by such Indemnitee with respect to
such claim.

     Section 5.15.  Indemnifying Party.  "Indemnifying Party" means any party
who is required to pay any other person pursuant to Sections 3.1 and 3.2 hereof.

     Section 5.16. Indemnitee. "Indemnitee" means any party who is entitled to
receive payment from an Indemnifying Party pursuant to Sections 3.1 and 3.2
hereof.

     Section 5.17.  Indemnity Payment.  "Indemnity Payment" means the amount an
Indemnifying Party is required to pay an Indemnitee pursuant to Sections 3.1 and
3.2 hereof.

     Section 5.18.  Information.  "Information" means information, whether or
not patentable or copyrightable, in written, oral, electronic or other tangible
or intangible forms, stored in any medium, including studies, reports, records,
books, contracts, instruments, surveys, discoveries, ideas, concepts, know-how,
techniques, designs, specifications, drawings, blueprints, diagrams, models,
prototypes, samples, flow charts, data, computer data, disks, diskettes, tapes,
computer programs or other software, marketing plans, customer names, and other
technical, financial, employee or business information or data.

     Section 5.19.  Intellectual Property.  "Intellectual Property" means all
domestic and foreign patents and patent applications, together with any
continuations, continuations-in-part or divisional applications thereof, and all
patents issuing thereon (including reissues, renewals and re-examinations of the
foregoing); design patents; invention disclosures; mask works; copyrights, and
copyright applications and registrations; Web addresses; trademarks; service
marks; trade names; and trade dress; in each case together with any applications
and registrations therefor and all appurtenant goodwill relating thereto; trade
secrets, commercial and technical information, know-how, proprietary or
confidential information, including engineering, production and other designs,
notebooks, processes, drawings, specifications, formulae, and technology;
computer and electronic data processing programs and software (object and source
code), data bases and documentation thereof; inventions (whether patented or
not); utility models; registered designs, certificates of invention and all
other intellectual property under the laws of any country throughout the world.

     Section 5.20.  IPO.  "IPO" means the initial public offering of shares of
common stock of Metavante.

     Section 5.21.  IPO Completion Date.  "IPO Completion Date" means the date
on which the IPO is completed.

     Section 5.22.  IPO Registration Statement.  "IPO Registration Statement"
means the Registration Statement on Form S-1 pursuant to the Securities Act
filed with the Securities and Exchange Commission registering the shares of
common stock of Metavante to be issued in the initial public offering, together
with all amendments thereto.

                                       18
<PAGE>

     Section 5.23.  Item Processing Business.  "Item Processing Business" means
the item processing business previously operated as a part of the M&I Data
Services Division of M&I prior to the Separation Date.

     Section 5.24.  Liabilities.  "Liabilities" means all debts, liabilities,
guarantees, assurances, commitments and obligations, whether fixed, contingent
or absolute, asserted or unasserted, matured or unmatured, liquidated or
unliquidated, accrued or not accrued, known or unknown, due or to become due,
whenever or however arising (including, without limitation, whether arising out
of any Contract or tort based on negligence or strict liability) and whether or
not the same would be required by generally accepted principles and accounting
policies to be reflected in financial statements or disclosed in the notes
thereto.

     Section 5.25.  M&I Group.  "M&I Group" means M&I, each Subsidiary and
Affiliated Company of M&I (other than any member of the Metavante Group)
immediately after the Separation Date and each Person that becomes a Subsidiary
or Affiliated Company of M&I after the Separation Date (other than any member of
the Metavante Group).

     Section 5.26.  M&I Indemnitees.  "M&I Indemnitees" means M&I, each member
of the M&I Group and each of their respective directors, officers, employees and
agents.

     Section 5.27.  Material of Environmental Concern.  "Material of
Environmental Concern" means (i) any substance, the presence of which requires
investigation or remediation under any Environmental Law or under common law; or
(ii) any dangerous, toxic, explosive, or otherwise hazardous substance which is
regulated by any Environmental Law.

     Section 5.28.  Metavante Balance Sheet.  "Metavante Balance Sheet" means
the audited consolidated balance sheet (including the notes thereto) of the
Metavante Business as of March 31, 2000, that is included in the IPO
Registration Statement.

     Section 5.29.  Metavante Business.  "Metavante Business" means the business
and operations of the business of Metavante as described in the IPO Registration
Statement and, except as otherwise expressly provided herein, any terminated,
divested or discontinued businesses or operations that at the time of
termination, divestiture or discontinuation primarily related to the Metavante
Business as then conducted.

     Section 5.30.  Metavante Contingent Gain.  "Metavante Contingent Gain"
means any claim or other right of a member of the M&I Group or the Metavante
Group that primarily relates to the Metavante Business, whenever arising,
against any Person other than a member of the M&I Group or the Metavante Group,
if and to the extent that (i) such claim or right arises out of the events, acts
or omissions occurring prior to the Separation Date (based on then existing law)
and (ii) the existence or scope of the obligation of such other Person as of the
Separation Date was not acknowledged, fixed or determined in any material
respect, due to a dispute or other uncertainty as of the Separation Date or as a
result of the failure of such claim or other right to have been discovered or
asserted as of the Separation Date. A claim or right meeting the foregoing
definition shall be considered a Metavante Contingent Gain regardless of whether
there was any Action pending, threatened or contemplated as of the Separation
Date with respect thereto. In the case of any claim or right a portion of which
arises out of events, acts or

                                       19
<PAGE>

omissions occurring prior to the Separation Date and a portion of which arises
out of events, acts or omissions occurring on or after the Separation Date, only
that portion that arises out of events, acts or omissions occurring prior to the
Separation Date shall be considered a Metavante Contingent Gain. For purposes of
the foregoing, a claim or right shall be deemed to have accrued prior to the
Separation Date if all the elements of the claim necessary for its assertion
shall have occurred on or prior to the Separation Date, such that the claim or
right, were it asserted in an Action on or prior to the Separation Date, would
not be dismissed by a court on ripeness or similar grounds. Notwithstanding the
foregoing, none of the Excluded Assets or any reversal of any litigation or
other reserve by any member of the M&I Group shall be deemed to be a Metavante
Contingent Gain.

     Section 5.31. Metavante Contingent Liability. "Metavante Contingent
Liability" means any Liability of a member of the M&I Group or the Metavante
Group that primarily relates to the Metavante Business, whenever arising, to any
Person other than a member of the M&I Group or the Metavante Group, if and to
the extent that (i) such Liability arises out of the events, acts or omissions
occurring prior to the Separation Date and (ii) the existence or scope of the
obligation of a member of the M&I Group or the Metavante Group as of the
Separation Date with respect to such Liability was not acknowledged, fixed or
determined in any material respect, due to a dispute or other uncertainty as of
the Separation Date or as a result of the failure of such Liability to have been
discovered or asserted as of the Separation Date (it being understood that the
existence of a litigation or other reserve with respect to any Liability shall
not be sufficient for such Liability to be considered acknowledged, fixed or
determined). In the case of any Liability a portion of which arises out of
events, acts or omissions occurring prior to the Separation Date and a portion
of which arises out of events, acts or omissions occurring on or after the
Separation Date, only that portion that arises out of events, acts or omissions
occurring prior to the Separation Date shall be considered a Metavante
Contingent Liability. For purposes of the foregoing, a Liability shall be deemed
to have arisen out of events, acts or omissions occurring prior to the
Separation Date if all the elements necessary for the assertion of a claim with
respect to such Liability shall have occurred on or prior to the Separation
Date, such that the claim, were it asserted in an Action on or prior to the
Separation Date, would not be dismissed by a court on ripeness or similar
grounds. For purposes of clarification of the foregoing, the parties agree that
no Liability relating to, arising out of or resulting from any obligation of any
Person to perform the executory portion of any contract or agreement existing as
of the Separation Date, shall deemed to be a Metavante Contingent Liability.

     Section 5.32. Metavante Contracts. "Metavante Contracts" means the
following contracts and agreements to which M&I is a party or by which it or any
of its Assets is bound, whether or not in writing, except for any such contract
or agreement that is contemplated to be retained by M&I or any member of the M&I
Group pursuant to any provision of this Agreement or any other express agreement
of the parties:

           (i)   any contract or agreement entered into in the name of, or
     expressly on behalf of, the M&I Data Services division of M&I, except
     contracts that relate to the Item Processing Business;

          (ii) any contract or agreement that relates primarily to the Metavante
     Business;

                                       20
<PAGE>

          (iii) any contract or agreement that is otherwise expressly
     contemplated pursuant to this Agreement or any of the other express
     agreement of the parties to be assigned to Metavante; and

          (iv) any guarantee, indemnity, representation, warranty or other
     Liability of any member of the Metavante Group or the M&I Group in respect
     of any other Metavante Contract, any Metavante Liability or the Metavante
     Business (including guarantees of financing incurred by customers or other
     third parties in connection with purchases of products or services from the
     Metavante Business).

     Section 5.33. Metavante Group. "Metavante Group" means Metavante and each
Subsidiary of Metavante immediately after the Separation Date and each Person
that becomes a Subsidiary of Metavante after the Separation Date.

     Section 5.34. Metavante Indemnitees. "Metavante Indemnitees" means
Metavante, each member of the Metavante Group and each of their respective
directors, officers, employees and agents.

     Section 5.35. Person. "Person" means an individual, a partnership, a
corporation, a limited liability company, an association, a joint stock company,
a trust, a joint venture, an unincorporated organization and a governmental
entity or any department, agency or political subdivision thereof.

     Section 5.36. Securities Act. "Securities Act" means the Securities Act of
1933, as amended, and the rules and regulations thereunder.

     Section 5.37. Security Interest. "Security Interest" means any mortgage,
security interest, pledge, lien, charge, claim, option, right to acquire, voting
or other restriction, right-of-way, covenant, condition, easement, encroachment,
restriction on transfer, or other encumbrance of any nature whatsoever.

     Section 5.38. Separation. "Separation" means the transfer and contribution
from M&I to Metavante, and Metavante's receipt and assumption of, directly or
indirectly, substantially all of the Assets and Liabilities currently associated
with the Metavante Business and the stock, investments or similar interests
currently held by M&I in subsidiaries and other entities that conduct such
business.

     Section 5.39. Separation Date. "Separation Date" means the effective date
and time of each transfer of property, assumption of liability, license,
undertaking, or agreement in connection with the Separation, which shall be
12:01 a.m., Central Time, July 1, 2000, or such other date as determined in
accordance with the terms hereof.

     Section 5.40. Subsidiary. "Subsidiary" of any Person means any corporation
or other organization whether incorporated or unincorporated of which at least a
majority of the securities or interest having by the terms thereof ordinary
voting power to elect at least a majority of the board of directors or others
performing similar functions with respect to such corporation or other
organization is directly or indirectly owned or controlled by such Person or by
any one or more of its Subsidiaries, or by such Person and one or more of its
Subsidiaries; provided,
                                       21
<PAGE>

however, that no Person that is not directly or indirectly wholly owned by any
other Person shall be a Subsidiary of such other Person unless such other Person
controls, or has the right, power or ability to control, that Person.

     Section 5.41.  Tax Sharing Agreement.  "Tax Sharing Agreement" means the
Tax Sharing Agreement entered into between M&I and Metavante.

     IN WITNESS WHEREOF, each of the parties has caused this General Assignment
and Assumption Agreement to be executed on its behalf by its officers thereunto
duly authorized on the day and year first above written.

MARSHALL & ILSLEY CORPORATION       METAVANTE CORPORATION

By: /s/ M. A. Hatfield                By: /s/ Joseph L. Delgadillo
    ------------------------------        ------------------------------

Name: M. A. Hatfield                  Name: Joseph L. Delgadillo

Title: Senior Vice President          Title: President and Chief Executive
       and Secretary                         Officer

                                      22
<PAGE>

                                   SCHEDULES

Schedule 1.2(a)(viii)  Specific Metavante Assets to be Transferred
Schedule 1.2(b)(i)     Excluded Assets
Schedule 1.3(a)(vi)    Divested Businesses Which Contain Liabilities to be
                       Transferred to Metavante
Schedule 1.3(a)(vii)   Specific Metavante Liabilities
Schedule 1.3(b)(i)     Excluded Liabilities
Schedule 1.8           Item Processing Business Assets and Liabilities
Schedule 2.1           Assumed Litigation

The above schedules to this exhibit have been omitted.  The schedules will be
furnished supplementally to the Securities and Exchange Commission upon request.

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