Document:

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                                                                   EXHIBIT 10.16

                                  PAYMAP INC.
                                CLIENT AGREEMENT

     THIS AGREEMENT is made and entered into, effective as of ___________, by
and between PAYMAP INC. ("PAYMAP"), a Delaware corporation, having its principal
office located at Three Embarcadero Center, Suite 500, San Francisco, California
94111, and ("CLIENT"), having its principal office at

     WHEREAS Paymap is in the business of marketing and servicing debt
rescheduling and acceleration programs and other financial services, and in that
regard, developing new business prospects;

     WHEREAS Client wishes to engage the services of Paymap to perform data
processing and marketing services under the name and style of the EQUITY
ACCELERATOR (R) PROGRAM ("THE PROGRAM");

NOW, THEREFORE, for and in consideration of the within promises and for other
good and valuable consideration the receipt and sufficiency of which is hereby
acknowledged, the parties hereby agree as follows:

1.   DEFINITIONS
     -----------

     (a) Client Proprietary Information. Client Proprietary Information shall
         ------------------------------
         mean all technical, business, economic or financial information or data
         owned, developed or provided by Client including but not limited to
         names, addresses, account balances and account types.

     (b) Customer. Customers are those individuals currently repaying a mortgage
         --------
         debt instrument to the Client, as servicer, on a monthly schedule.

     (c) Deferred Membership Payment Plan (DMPP). Deferred Membership Payment
         ---------------------------------------
         Plan shall mean any plan that requires a portion of the enrollment fee
         upon enrolling with the balance paid later.

     (d) Paymap Proprietary Information. Paymap Proprietary Information shall
         ------------------------------
         mean Paymap's products, processes and services, including research,
         development, compilations of information systems, techniques, formulas,
         computer programs and methods of designing such programs, documentation
         of computer programs and methods, manuals, financial data, data
         processing, marketing plans, selling procedures, sales strategies,
         policies, scripts, literature, audio/visual materials,

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         software and documentation and specifications thereof, relating to The
         Program and its implementation and not already known independently by
         Client through nonconfidential sources who have the right to make such
         disclosure.

     (e) The Program. Client's choice for the Target Market solicitation for
         -----------
         Rescheduling will be "Equity Accelerator (R)".  All materials relating
         to The Program will reflect this name and style, and will clearly
         identify the service as after market (i.e., not a part of mortgage
         contract with subscriber). A general description of The Program is
         attached as Exhibit A.

     (f) Prospect. Any Customer for whom Client has provided to Paymap the
         --------
         information necessary for solicitation to sign up for The Program.

     (g) Rescheduling. Effecting a payment mode change for the Subscriber from a
         ------------
         monthly schedule (12 times per year) to an accelerated schedule of
         weekly, bi-weekly, or semi-monthly payments without causing any changes
         to the original debt instrument.

     (h) Solicitation. Solicitation will mean any effort, means or method
         ------------
         approved by the Client and implemented by Paymap to communicate the
         benefits of Rescheduling to Prospects.

     (i) Telephone Solicitation. Telephone solicitations of those Prospects who
         ----------------------
         have previously requested additional information. Client may approve of
         outbound calls to non-respondents on a campaign-by-campaign basis.

     (j) Subscriber. Any Prospect who has signed up for The Program and has had
         ----------
         all enrollment processing completed, i.e., the enrollment form has been
         signed, the acknowledgment letter has been mailed, and data confirmed.

     (k) Target Market. As determined jointly by Client and Paymap, the Target
         --------------
         Market will include any Customer with sufficient remaining terms,
         principal balance and interest rate which would make Rescheduling
         logical and beneficial for the individual(s). Target markets include:

               * Client's existing Customers.

               * All other Customer accounts of Client.

     (l) Custodial Holding Account. This account shall be opened by Client in
         -------------------------
         its name at Client's location or its correspondent bank, so long as the
         funds are FDIC insured. The account will be used exclusively for
         Client's Subscriber funds. Client will pay interest at a rate
         established by Client for pass through to Subscriber.  All interest
         accounting and IRS Form 1099 processing will be handled by Paymap.
         Client shall execute all documents necessary for Paymap to reconcile
         the account and submit appropriate instructions for such account.  The
         depository institution shall be instructed to furnish Paymap account
         data for each custodial account (at no cost to Paymap) via daily
         electronic bank statements in BAI format or other format reasonably
         acceptable to Paymap so that Paymap can download such data.

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     (m) ACH. The term "ACH" shall mean the Automated Clearing House of the
         ---
         Federal Reserve. All debits to Subscribers shall be originated through
         the ACH.

     (n) Campaign. The term Campaign shall mean a mail solicitation assigned a
         --------
         specific campaign number. A campaign number is assigned by Paymap to a
         specific mail drop at a specific point in time to Prospects with
         similar characteristics.

     (o) Subscriber Negative Balance. The term "Subscriber Negative Balance"
         -----------------------------
         shall mean with respect to a Subscriber, any instance in which Paymap
         has caused credits to be applied to such Subscriber's loan and it is
         later determined that insufficient funds existed in Subscriber's
         designated account for debits and credits to Client or debits from such
         designated account have been reversed, returned or otherwise
         dishonored.

2.   RIGHTS AND DUTIES OF PAYMAP
     ---------------------------

     (a) Paymap shall have the right to appoint any and all third parties
         necessary to perform the duties recited hereunder so long as Paymap
         abides by and is not in breach of this Agreement; provided that (i)
         Paymap shall remain liable to Client for the performance of such third
         party, (ii) Paymap warrants that the performance of such third party
         shall be in compliance with all laws and regulations applicable to the
         activities contemplated under this Agreement and shall be in conformity
         with Paymap's obligations under this Agreement, and (iii) at Client's
         election, Client may continue to deal directly and exclusively with
         Paymap, notwithstanding such appointment.

     (b) In connection with the performance of its duties hereunder, Paymap
         shall abide by all written procedures and Program specifications now or
         hereafter furnished to Client. All changes to The Program
         specifications are subject to Client approval. Paymap hereby represents
         and warrants that The Program will perform in accordance with such
         specifications. Paymap will promptly prepare and furnish to Client a
         complete set of Program specifications and procedures, including
         document and marketing materials for The Program, which documents and
         marketing materials shall be revised and approved by Client, as
         necessary, to conform to Client's reasonable requirements. Paymap's
         employees, representatives and/or agents shall not make any
         representations or warranties about The Program to any Customer,
         Prospect, or Subscriber except as set forth in the application form,
         marketing and other written materials approved by Client.

     (c) Paymap shall indemnify and hold harmless Client and its authorized
         representatives and service providers from and against any liability,
         claims, damages and costs (including reasonable attorneys' fees)
         arising out of any breach by Paymap of this Agreement or by any
         unauthorized statements, warranties or representations made by Paymap's
         marketing personnel or employees.

     (d) Paymap shall provide office space and staffing sufficient to implement
         and to direct the Solicitation of the Program on behalf of Client on a
         timely basis and in a

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         competent fashion. All incoming and outgoing solicitation calls shall
         be handled in such a manner so as to present The Program as a product
         and/or service of Client. All correspondence shall be conducted in this
         manner as well.

     (e) Paymap shall perform all services necessary to implement The Program,
         including, without limitation, solicitation, daily mail pick-up, mail
         distribution, recording of all cash receipts, quality control checks on
         applications or any other incomplete paperwork, credit card
         authorizations, deposits, data capture of necessary homeowner
         information from application/verifications, hard copy reports of sales
         to Client on a monthly basis, process commencement letters to new
         Subscriber, ACH pre-notification instructions, ACH instructions on
         behalf of the Subscriber, Subscriber inquiries, resolution of any ACH
         failures, process changes to Subscriber's mortgage and correspondence
         of same, 1099 reporting for Subscribers and IRS, handling of all NSF
         notifications to Subscribers, notification of termination and
         performance of Subscriber service functions.

     (f) Paymap shall not knowingly solicit or use Client's Customers, or any
         Target Market Prospect, in any manner or for any other product or
         service not covered by the terms of this Agreement.

     (g) Paymap shall make available to Client or its agents on-site inspection
         of Paymap's premises and any activity related to The Program during
         normal operating hours with reasonable prior notice.

     (h) Paymap shall not disclose the Client Proprietary Information to any
         person, firm or corporation without Client's prior written consent
         unless otherwise required by law, and then only after notice to and
         consultation with Client.

     (i) Paymap shall provide marketing assistance necessary to implement the
         direct solicitation of Client's defined Target Market, including but
         not limited to writing, design, copy writing, mechanical artwork,
         photography, illustrations, printing, mailing, and customer service.

     (j) Paymap shall reconcile on a monthly basis the custodial account through
         which all funds flow related to individual account debits and credits.
         Paymap will perform all functions necessary to ensure that the
         Custodial Account accurately reflects all account activity. Paymap will
         provide Client with a copy of each month's custodial account
         reconciliation as soon as it is available.

     (k) Paymap shall duplicate all pertinent data on a daily basis and provide
         for off-site storage of said duplicate data.

     (l) Paymap shall submit all contemplated communications to Customers for
         Client's approval prior to distribution.

     (m) Paymap shall perform all commission accounting functions.

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     (n) Paymap shall provide on-going data reports on performance of The
         Program to Client as Client may reasonably request.

     (o) Paymap's duties outlined in this Section 2 shall be performed at
         Paymap's expense.

     (p) Paymap shall comply with all laws and regulations that are applicable
         to The Program and the conduct of Paymap's business, and more
         specifically, Paymap's duties under this Agreement.

     (q) To the extent such duties have not already been described in Sections
         2(a) through 2(p), Paymap shall also perform the items allocated to it
         on Exhibit B to this Agreement.

     (r) Paymap warrants that the services which are provided to Client
         hereunder ("Services") and utilized by Client, prior to, during, or
         after the calendar year 2000, include or shall include design and
         performance capability so Client shall not experience abnormally ending
         and/or invalid and/or incorrect results from the provision of such
         Services in the operation of the business of Client. Furthermore,
         Paymap represents and warrants that the Services provided hereunder
         will, under normal use and service, record, store, process and present
         calendar dates falling on or after January 1, 2000 (including leap
         years) in substantially the same manner, and with the same
         functionality, data integrity and performance, as the services
         recorded, stored, processed and presented calendar dates on or before
         December 31,1999.

         Notwithstanding any other provision herein and any other provision in
         this Agreement, in any action to recover damages resulting directly, or
         indirectly from a computer date failure, including any action based on
         an alleged computer date failure, the damages that may be recovered
         shall be limited to, according to proof, twice the fees actually paid
         for such services to the extent those damages are incurred as a
         proximate and direct result of Paymap's noncompliance with this
         warranty.

     (s) Annual Audit. Paymap shall provide Client a copy of its annual audited
         financial statements as soon as they are available, but no later than
         150 days from year end.

3.   RIGHTS AND DUTIES OF THE CLIENT
     -------------------------------

     (a) Client agrees to deliver to Paymap all requested data necessary to
         implement the approved Target Market Solicitation, including but not
         limited to Client's Customers' names, addresses, telephone numbers, and
         original and current loan information in a format mutually agreed upon.

     (b) Commencing on a date agreed to by the parties, Client shall deliver on
         an agreed upon recurring basis, all necessary data from newly
         originated loan Customers not solicited or rescheduled at the point of
         origination during the previous quarterly period for additional
         Solicitation.

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     (c) Client shall appoint a specific liaison person or liaison team to
         Paymap through which all communications will flow and decisions will be
         made.

     (d) If Client becomes aware of any disclosure requirements during the
         enrollment phase which are mandated by federal and state banking and
         other regulations, Client will promptly inform Paymap of any changes in
         the aforementioned regulations which materially affect implementation
         of The Program. Notwithstanding the foregoing, Client shall have no
         duty to learn of any changes in the law or regulations and shall not be
         liable to Paymap if it fails in any such matter. Client will have sole
         approval rights to Subscriber Terms and Conditions.

     (e) Client agrees that services provided by Paymap shall not relieve Client
         from any obligation to maintain records. Client retains responsibility
         at all times for maintaining adequate accounting management and
         reporting systems, audit functions, recovery routines, and the
         operation of on-site computer equipment. Services provided by Paymap
         shall not impose upon or transfer to Paymap the responsibility for such
         functions.

     (f) Client shall indemnify and hold harmless Paymap and its authorized
         representatives and service providers from and against any liability,
         claims, damages and costs (including reasonable attorneys' fees)
         arising out of any breach by Client of this Agreement or by any
         unauthorized warranties or representations made by Client's personnel
         or employees to any Prospect, Customer or Subscriber.

     (g) Client's duties outlined in this Section 3 shall be performed at
         Client's expense.

     (h) In addition to duties described in Sections 3(a) through 3(g), Client
         shall perform the items allocated to it on Exhibit B of this Agreement.

4.   NON-DISCLOSURE COVENANT
     -----------------------

     (a) Paymap and Client acknowledge that the Paymap and Client Proprietary
         Information necessary for the implementation of The Program is a highly
         confidential and valuable asset of its respective owners, which has
         been and will continue to be developed by and for the parties; which
         represents and will continue to represent a material investment of the
         owner's time and money. Further, both parties acknowledge that such
         proprietary information has been or will be made available to either
         party as a result of this Agreement on a confidential basis and that
         both parties have accepted or will accept such Proprietary Information
         on such basis, thereby establishing a confidential relationship and a
         position of trust with regard to the same. Both parties agree not to:

          (i)   publish, communicate, disclose or divulge to any person, firm,
                corporation or other legal entity, directly or indirectly, any
                of the Proprietary Information, except as otherwise permitted
                herein or required by law;

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          (ii)  Use the other party's Proprietary Information for its own
                benefit, or for the benefit of any person, firm, corporation or
                other legal entity, directly or indirectly, except as required
                in the course of implementation of The Program;

          (iii) Use any of the other party's Proprietary Information or take any
                other action to divert or attempt to divert, any business of or
                any customers of, the other party to itself or any other person
                or legal entity, by direct or indirect inducement; or to induce
                or attempt to induce any present or past customer of either
                party to discontinue using the services of either party; and

          (iv)  employ or seek to employ any person who is employed by either
                party or directly or indirectly induce persons to leave either
                party; provided, however, either party may use (i) newspapers or
                other media to generally solicit the public which can then
                result in the hiring of an employee or (ii) a headhunter to hire
                an employee provided such campaign is directed to the industry
                in general and not exclusively to the other party's employees.

          (v)   Each party shall require that any subcontractor or agent agree
                in writing to adhere to this same treatment of Proprietary
                Information.

5.   NO GRANT OF PROPRIETARY RIGHTS
     ------------------------------

Neither this Agreement nor the disclosure of proprietary information hereunder
shall be construed as granting to either party any right, title or license to
any patent application, trademark, copyright, trade secret, service marks and
any other intellectual property right, or any software or know-how to which
either party has title or rights of ownership or license.

6.   TERM
     ----

This Agreement will become effective upon execution by both parties. The initial
term of this Agreement shall be for a period of five (5) years, commencing on
the date of this Agreement. Thereafter, unless otherwise canceled in writing by
either party in accordance with the provisions of Section 9, the terms and
conditions of this Agreement shall continue in force for additional one year
periods. Paymap and Client's continuing obligations under this Agreement
relating to indemnification for breach of duties, representation or warranties
and to "non-disclosure," shall survive the termination of this Agreement.

7.   FEES TO CLIENT/CUSTOMER
     -----------------------

     (a) The fee structure and charges for services listed in Exhibit C shall
         remain in effect for the initial eighteen (18) months of this
         Agreement. Thereafter, Paymap may revise the fee structure charged to
         Subscribers as a result of changes in operating costs, or

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         market conditions. Such increases or decreases will not exceed ten (10)
         percent per annum of the previous fee and shall not take place more
         than once per calendar year. Unless mutually agreed to otherwise,
         Client shall share in any change in fees proportional to Client's pro-
         rata share of current fees.

     (b) Paymap will calculate the fees collected from Subscribers to the
         Program on a monthly basis. Fees earned by Client for enrollments or
         transactions will be remitted to Client by Paymap by the tenth (10th)
         of the month for fees earned by the tenth (10th) of the previous month.
         The Fee schedule for The Program is set forth on Exhibit C to this
         Agreement.

     (c) The deferred portion of the enrollment fee for a Subscriber on a DMPP
         will be collected from the amount deposited in the Custodial Holding
         Account in excess of the amount necessary to pay the next due monthly
         debt installment. Actual principal curtailment dollars begin to
         accumulate for application to the loan balance only after the deferred
         enrollment fee has been collected. Client's portion of the enrollment
         fee will be paid only after the entire enrollment fee has been
         collected by Paymap.

     (d) In the event of a Subscriber Negative Balance or in the event that
         sufficient funds have not been collected after two attempted debits to
         a Subscriber's designated account, Paymap will generate a letter to the
         Subscriber informing him or her of the failed debit or Subscriber
         Negative Balance, and seek to rectify the Subscriber Negative Balance
         or failed debit. Within five business days of a second returned debit
         entry, Paymap will inform Client of such Subscriber Negative Balance.
         If Paymap shall inform Client of a Subscriber Negative Balance, Client
         shall use its best efforts to (i) reverse the amount of such Subscriber
         Negative Balance from Subscriber's loan account or (ii) recover from
         the Subscriber the amount of such Subscriber Negative Balance and/or
         postpone release of any lien on the Subscriber's loan collateral until
         repayment of such Subscriber Negative Balance. This collection effort
         will be conducted by Client notwithstanding whether the loan has been
         paid off, sold to another mortgage company or Subscriber has cancelled
         his or her Enrollment or agreement with Client. In the event that the
         Subscriber Negative Balance is not resolved within 30 days of
         notification by Paymap, Paymap shall have the right to offset said
         Subscriber Negative Balance against commissions or any other monies
         otherwise owed by Paymap to Client under this Agreement.

8.   EXPENSES
     --------

     (a) Client shall pay expenses, if any, that are outlined in Section 2 of
         Exhibit C to this Agreement. No additional expenses shall be added
         without written approval by Client.

     (b) Monies due one party to the other over 30 days will bear delinquency
         charges at the rate of 10% per annum or the maximum rate allowed by
         law, whichever is less.

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9.   TERMINATION
     -----------

     (a) This Agreement may be terminated after the initial term by either party
         upon 90 days written notice prior to the expiration of the original
         term or successive one year term as applicable; provided, however, that
         either party may terminate this Agreement immediately upon written
         notice in the event of the other party's material breach of this
         Agreement. If curable, each party shall have the right to cure any such
         breach and reinstate this Agreement within 45 days following receipt of
         written notice of default and giving the other party notice of its
         intent to cure its default.

     (b) Notwithstanding termination of this Agreement, Paymap and Client will
         honor all current Subscriber contracts in accordance with the terms of
         this Agreement, it being understood that, each individual Program
         Subscriber has the sole and exclusive right to cancel his enrollment in
         The Program. Furthermore, in the event of a termination by a
         Subscriber, Paymap shall reimburse the Subscriber for a portion of the
         paid enrollment fee on a prorated basis as explained in the Subscriber
         contract, such provision to be mutually acceptable to Client and
         Paymap.

     (c) If Client shall determine to sell or otherwise transfer the servicing
         of loans that are the subject of contracts with Subscribers, Client
         shall notify Paymap of its intention to do so at least forty-five (45)
         days prior to the proposed transfer or sale and provide Paymap with the
         name of the transferee and other pertinent details necessary for Paymap
         to accomplish an orderly transition to the new payees. Client shall
         include in its "goodbye letter" to customers a statement that their
         Equity Accelerator subscription will not be affected by the transfer of
         servicing. Client shall assist Paymap in implementing a process to make
         payments to the new servicer. Transfer of the servicing of the
         Subscriber's loan shall not otherwise affect the Subscriber's contract.

10.  MISCELLANEOUS
     -------------

     (a) Binding Effect. This Agreement shall be binding upon and inure to the
         --------------
         benefit of the parties, their successors and assigns.

     (b) Amendments and Modifications. This Agreement may only be amended,
         ----------------------------
         waived, changed, modified or discharged by an agreement in writing
         signed by the parties.

     (c) Integration. This Agreement represents the final understanding of the
         -----------
         parties as to all matters included herein and supersedes all prior
         written or oral agreements of the parties on matters covered herein.

     (d) Governing Law. This Agreement shall be construed in accordance with the
         -------------
         laws of the State of California.  It is deemed to have been executed
         there, and the validity and effect of this Agreement is governed by and
         construed and enforced in accordance with the laws of the State of
         California.  The parties consent and submit to the jurisdiction and
         venue of the State or Federal courts located in California.

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     (e) Severability. If any provision or term of this Agreement shall be found
         ------------
         to be illegal or unenforceable for any reason whatsoever, all other
         provisions and terms shall remain in full force and effect.

     (f) Force Majeure. Notwithstanding any other provision of this Agreement,
         -------------
         neither party shall be deemed in default of this Agreement or bear
         liability to the other party for any delay, failure in performance,
         loss, or damage arising from any cause beyond its reasonable control,
         including, but not limited to the following: fire, embargo, explosion,
         power failure, earthquake, nuclear accident, volcanic action, flood,
         war, civil disturbance, interventions of military authority, acts of
         God or public enemy; provided, however, that (i) no such event shall
         excuse the payment of money due hereunder and (ii) if Subscriber is
         entitled to fees or damages under the Subscriber contract as a result
         of the aforesaid items, the party that fails to perform under this
         Agreement shall be responsible for same.

     (g) Assignment. Neither party may assign their rights or delegate their
         ----------
         duties hereunder without the written consent of the other party, whose
         consent will not be unreasonably withheld.

     (h) Notices. All notices or other written communications regarding this
         -------
         Agreement are to be provided by U.S. First Class Mail or national
         overnight courier service with receipt acknowledged.

             If to Paymap:

                  Paymap Inc.
                  Three Embarcadero Center, Suite 500
                  San Francisco, CA  94111
                  Attn.: Legal Department

             If to Client:

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     (i)  Exclusivity. Client agrees that Paymap shall be the exclusive provider
          -----------
          of any program involving debt reduction through ACH transfers, and
          that as long as the Agreement is in force, it will not conduct a
          program for its Customers similar to The Program either internally or
          with a third party, unless The Program is in place with customers who
          are acquired with a portfolio acquisition.

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

                                   CLIENT

_________________________________  By:_______________________________________
Attest

                                   Name, Title:______________________________

                                   Date:_____________________________________

                                   PAYMAP INC.

_________________________________  By:_______________________________________
Attest

                                   Name, Title:  John P. Decker, President
                                               ------------------------------

                                   Date:_____________________________________

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                                   EXHIBIT A

                              PROCESS DESCRIPTION

       Equity Accelerator is not a mortgage, but an electronic mortgage
acceleration program.  The Program provides the equity benefits and reduced
interest of biweekly mortgage payments, and offers the added flexibility and
convenience of customer designated payment intervals (weekly, biweekly, or semi-
monthly) and interest on funds awaiting payment to a mortgage servicer.

       Homeowners can participate in this program regardless of where their
mortgages originated or are currently being serviced.

       Equity Accelerator can be offered to your customers at a substantially
lower cost than competitive accelerated mortgage plans. In addition, its low,
one-time enrollment fee entitles homeowners to continue to use The Program even
if they purchase a new home.

       Equity Accelerator does not change the mortgage terms or payment due
date, but does require the mortgage servicer to receive payments electronically,
and to process periodic reductions of principal.

Here is how Equity Accelerator works using a biweekly payment schedule as an
example:

       *  One half of the regular monthly mortgage payment is collected every
          two weeks by electronic transfer from the homeowner's bank account to
          an interest bearing custodial account [see l (l)].

       *  Mortgage payments are automatically paid to the mortgage servicer
          monthly. Biweekly withdrawals are collected 26 times each year,
          resulting in the equivalent of thirteen monthly mortgage payments
          annually.

       *  The two extra biweekly payments plus the interest earned are sent to
          the mortgage servicer to directly reduce the mortgage principal
          balance.

Here is how Equity Accelerator works with semi-monthly pay periods:

       *  One half of the regular monthly payment + l/24 of the regular monthly
          payment are deducted two times each month (e.g., 10th and 25th)

       *  The additional amount (l/24 of the regular mortgage) is added to each
          half payment, so as to replicate the pay down pattern of the bi-weekly
          schedule (13 monthly payments per year).

       *  Additional principal will be applied each month (1/12 of monthly
          payment).

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                                   EXHIBIT B

                    ADDITIONAL DUTIES AND RESPONSIBILITIES

Paymap will be responsible for the following:

PROGRAM IMPLEMENTATION
----------------------
*  Provide pre-designed solicitation materials and mailing options
*  Provide pre-designed enrollment packages
*  Provide materials that will support employee training and awareness to be
   conducted by the marketing representative and the Client

CUSTOMER SOLICITATIONS
----------------------
*  Pay all "Customer Awareness" mailing costs
*  Provide solicitation and enrollment kit fulfillment services
*  Provide customer tele-sales support
*  Assign Client a tentative mailing date(s) within six (6) months

ENROLLMENT PROCESSING AND CUSTOMER SERVICE
------------------------------------------
*  Perform quality control check on applications
*  Capture necessary homeowner information from applications and do
   verifications
*  Process commencement letters to new customers
*  Perform ACH pre-notification for debit accounts and mortgage accounts
*  Process on-going debits from customer accounts to the custodial account
*  Process monthly mortgage payments from custodial account to the mortgage
   servicing entity
*  Handle all customer enrollment and service inquiries
*  Resolve ACH exceptions
*  Process customer mortgage and debit account changes
*  Handle NSF notification to customers
*  Generate annual subscriber statement & IRS Form 1099

POST-SOLICITATION
-----------------
*  Complete fee accounting and provide sales reports on a monthly basis

Client Is Responsible For The Following:

PROGRAM IMPLEMENTATION
---------------------------
*  Approve all direct marketing and enrollment material(s) to be sent by Paymap
   to prospects
*  Provide a letterhead and/or artwork necessary for program awareness and
   fulfillment letters
*  Establish a custodial account to hold program funds
*  Send customer files to Paymap for mortgage servicing customers (master file
   tape)
*  Conduct employee awareness meeting(s) to introduce benefits and procedures of
   The Program. the Client customer service staff to the
*  Client must be able to submit mortgage payment mutually agreed on. Failure to
   do so could result changes to Paymap in an automated format to be in Client's
   loss of transaction fee income.

CUSTOMER SOLICITATIONS
----------------------
*  Confirm that the first solicitation ("Campaign l") will be a direct mail
   personalized letter
*  Consent to a follow-up direct mail solicitation ("Campaign 2") after the
   initial solicitation, if Campaign 1 so indicates
*  Permit a limited amount of testing of alternative changes in copy or offer to
   enhance response rate (not to exceed 20% of items mailed)

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                                   EXHIBIT C

                        EQUITY ACCELERATOR PROGRAM FEES

SECTION I. FEES
---------------
The following fee schedule is set forth for The Program:

                                   CUSTOMER FEES                 CLIENT INCOME
UPFRONT CASH PRODUCT(S)

ENROLLMENT
OR
DEFERRED ENROLLMENT

UPFRONT CASH REMAILS

TRANSACTION FEE*

________________________________________________________________________________
FULLY DEFERRED PRODUCT(S)

FULLY DEFERRED ENROLLMENT

FULLY DEFERRED REMAILS

TRANSACTION FEE*

________________________________________________________________________________
TRANSACTION FEE ONLY OFFER

________________________________________________________________________________
ADDITIONAL LOANS
 _______________________________________________________________________________

  COMMISSION DUE DATE

  Commissions will be paid by the 10/th/ of the month for all enrollment and
  transaction fees received by the 10/th/ of the previous month. Commissions on
  deferred enrollment fees will be paid after the full fee is collected from the
  Subscriber.

                                                                              14
<PAGE>

                                   EXHIBIT C

                        EQUITY ACCELERATOR PROGRAM FEES

SECTION II.  CLIENT DELIVERABLES
--------------------------------

As part of this Agreement, Client agrees to deliver the following at its own
cost.

     1.   MAILINGS
          * Client will provide access to mail up to two times annually on a
            direct basis.
          *    Should any "statement stuffer" increase the postage due on that
               mailing, Paymap will cover the increased amount.

     2.   CAMERA READY ART WORK
          *    Client agrees to provide camera ready artwork and/or other
               graphics to be used for The Program Solicitation.

     3.   CUSTODIAL HOLDING ACCOUNT
          *    Client agrees to establish a Custodial Holding Account, at no fee
               or cost to Paymap, as defined in paragraph 1 (l).

                                                                              15<PAGE>

                                                                   Exhibit 10.17
--------------------------------------------------------------------------------

                            SUBSCRIBER AGREEMENT
                                      FOR
                          ALLTEL INTERCHANGE SERVICES
                           AGREEMENT No. SE1-981N

                              DATED JUNE 20, 1998
                                    -------------
--------------------------------------------------------------------------------

ALLTEL:                   ALLTEL Information Services, Inc.
                          (formerly ALLTEL Mortgage Information Services, Inc.)
                          601 Riverside Avenue
                          Jacksonville, Florida 32204-2987

SUBSCRIBER:               AEGIS Mortgage Acceleration Corporation
                          Three Embarcadero Center,
                          Fifth Floor
                          San Francisco, California 94111

ALLTEL
INTERCHANGE:              A "value added" network, that provides an electronic
                          linkage via certain data, voice and video
                          telecommunication systems ("InterChange Services")
                          among parties involved in the origination, processing,
                          underwriting, closing, funding, selling,
                          securitization and servicing of residential mortgage
                          loans.

AGREEMENT:                Subject to the terms and conditions set forth on the
                          Exhibits attached to and made a part of this
                          Agreement, ALLTEL shall allow Subscriber access to
                          ALLTEL InterChange to permit Subscriber to access the
                          InterChange Services. Subscriber shall pay to ALLTEL
                          the fees, costs and expenses, and otherwise comply
                          with the terms and conditions, set forth on the
                          Exhibits attached to and made a part of this
                          Agreement.

AEGIS MORTGAGE ACCELERATION               ALLTEL INFORMATION SERVICES, INC.
CORPORATION

BY: /s/ Craig M. Compiano  6/20/1998      By:  /s/ Sheri Reyes       6/29/1998

------------------------------------      --------------------------------------
SIGNATURE                    DATE         SIGNATURE                     DATE

Craig M. Compiano                         Sheri Reyes
------------------------------------      --------------------------------------
NAME                                      NAME

Vice President                            Senior Vice President
------------------------------------      --------------------------------------
TITLE                                     TITLE

          "Subscriber"                                      "ALLTEL"

                                       1
<PAGE>

                                                         Agreement No.: SE1-98IN

                                   EXHIBIT A

                         SCHEDULE OF PRODUCTS AND FEES

<TABLE>
<S>                                                                                       <C>

I.   ONE TIME COSTS (ESTIMATED)
     --------------------------

     A.  One Time Set Up Fee ( InterChange Implementation):                                  $ 1,500.00
         (Provides up to 10 hours InterChange implementation support,
         beyond 10 hours of IC Implementation Support at $150.00 per hour.)

         Project Plan/Time Line:
         Once project plan has been defined and mutually agreed upon by
         Subscriber and ALLTEL, as well as any changes, Subscriber will adhere
         to implementation dates, plus or minus thirty (30), days, or will be
         subject to possible set backs.

         * This set up cost refers to the implementation for the InterChange
         trading partner and is not intended to represent set up costs per
         lender doing business with the trading partner.

     B.  Installation of Communication Network (Frame Relay):                                $ 4,387.00
         Estimated cost of installation. (Subscriber is responsible for
         ALLTEL's reasonable out-of-pocket expenses for travel, lodging and
         meals.)

II.  MONTHLY COSTS

     A.  Service Subscription Fee per Mailbox:                                               $   500.00
         (The Monthly Subscription Fee is required for each mailbox to be used
         by Subscriber.)

     B.  Monthly Communication Fee (Frame Relay):                                            $ 2,451.74
         128 Kbps Local Loop (San Francisco, CA)
         128 Kbps Port, 32 Kbps PVC/CIR (Usage Based), ISDN Back-Up, Host
         Router and EEP Access, Local Frame Relay Access (Jacksonville),
         Network Support/Maintenance (Includes: Dedicated access to ALLTEL
         InterChange communication network, network maintenance and 24 hour a
         day telephone support.).  Dial back up -- using ISDN -- will be billed
         at ALLTEL's then current rate.
</TABLE>

Note:  All communication and circuit costs are billable upon installation

                                       2
<PAGE>

C.     File Transfer Transmissions Charges:
       The File Transfer Transmissions Charges cover the transmission of data
       directly between ALLTEL's Data Center and Subscriber's processing system.
       File Transfer Transmissions Charges will be calculated monthly using the
       following Schedule:

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------
       Discount    Monthly Data Transmission       Cost Per 1KB            Per KB
         Tier              In Bytes)               (1,024 bytes)    Proprietary/Translated
                                                   Untranslated
---------------------------------------------------------------------------------------------
<S>                <C>                             <C>              <C>
          1                  0 to 100,000,000         .03150                $0.11650
          2        100,000,001 to 200,000,000         .02940                $0.10290
          3        200,000,001 to 300,000,000         .02630                $0.08930
          4        300,000,001 to 500,000,000         .02420                $0.07670
          5        500,000,001 to 750,000,000         .01890                $0.07140
          6        750,000,001 to AND UP              .01370                $0.06620
---------------------------------------------------------------------------------------------
</TABLE>

       Discount tier is based upon total monthly data transmitted (i.e., 132
       MB transmitted in one month would qualify for tier 2 discount or total
       data transmission cost of $3,790).

       Billing of Transmission Charges at the end of each month will be based on
       the sum of all monthly data transactions, divided by 1,024, rounded up to
       the nearest 1KB, and multiplied by the corresponding per KB charge (from
       the above schedule). The minimum transaction data size for any one month
       is 1,024 bytes (1K).

       The following apply only to File Transfer Transmissions:

       1. During normal hours (8:00am through 7:30pm ET) telephone support is
          available by calling 904/791-3250.

       2. After normal hours (7:30pm through 8:00am ET) Telephone support is
          available through ALLTEL's network control center by calling 904/359-
          5430.

       3. Subscriber utilizes IBM mainframe compatible hardware for connectivity
          to the ALLTEL network.

       4. In order to support Host to Host or Credit reporting file
          transactions, Subscriber must utilize Certificate of Merger (Computer
          Associates), TCP/IP(F-FP) or Connect:Direct (NDM-Sterling) as the
          Communication software product for File Transfer Transmissions via
          dedicated connections. This is required at the remote location.
                                         --------

       5. Subscriber will provide a program and/or process to remove the header
          and trailer records, from the transmission file, for transmission to
          ALLTEL as confirmation of successful transmission (Refer to Exhibit C
          for a sample layout).

       6. 3270 access is available to ALLTEL's electronic mail and controls and
          audits system for EDI communications between Subscriber and ALLTEL.

                                       3
<PAGE>

D.   3270 Communication Facility:
        (These charges apply to 3270 pass through transactions only.)

        1) 3270 Communication Fee:
        A) 0 to 1,000 Online Transactions (Max 10 Terminals)        $    750
        B) 1,001 to 2,000 On-Line Transactions (Max 10 Terminals)   $  1,000
        C) 2,001 to 3,000 On-Line Transactions (Max 32 Terminals)   $  1,250
        D) 3,001 to 5,000 On-Line Transactions (Max 32 Terminals)   $  1,650

        Note 1: Monthly On-Line Pricing is a "step-function" of actual
        transaction volumes for Tiers A through D.
        Note 2:  32790 Transactions (.05 Per Transaction Over 5,000 Allocation)

        2) 3270 Transaction Charges:                                $    .05
        (Rate represents per transaction charge applicable
        after the allowable per month limit of 5,000)
        3270 pass through transactions has been reached
        (.05 Per Transaction Over 5,000 Allocation).
        This Transaction Charge applies to 3270
        transactions only.

III. TECHNICAL SUPPORT:

        The following rates are subject to adjustment upon thirty (30) days
        notice:

<TABLE>
<CAPTION>
                                                  Implementation Charge *       Monthly Charge
                                                  ---------------------         --------------
<S>                                               <C>                           <C>
a)  Communication Equipment:

    1.  Transmission links                                  See Note 2             See Note 2
    2.  9600 BPS Port Charge (per 9600 BPS)                    N/A                      $100

b)  Teleprocessing Support Charges:
    1.  Tail Circuit Leased Line Support (per line)            N/A                      $200
    2.  Multi-drop Branch Office Support (each branch)         N/A                        50
    3.  3270 On-Line (per controller or emulator)              N/A                       100
                     (up to 32 devices)
    4.  Cross Domain Facility                                $1500                       500

c)  CPI Electronic Mail Communication System ("CIMON")       $ 500

    1.  1-10 boxes                                                                 $20 per box
    2.  11-50 boxes                                                                $15 per box
    3.  Over 50 boxes                                                              $10 per box
</TABLE>

* Note 1:  Subscriber shall also reimburse ALLTEL for reasonable travel, meals
           and lodging expenses, plus shipping & handling costs of materials
           shipped to the Subscriber's site.
 Note 2:   At proposed rates for proposed configuration.  Subject to adjustment
           based on configuration and/ or rate changes.

                                       4
<PAGE>

IV.   INCREMENTAL SERVICES
      --------------------

          If requested by Subscriber, a change or an addition of any service
          will reflect an implementation fee as described in Section I.A of this
          Agreement.

V.    OPTIONAL PRODUCTS AND SERVICES
      ------------------------------

      A.  Value Added Products Pricing:

          (Unless otherwise noted, prices for Value Added Products are to be
          added to Service Transaction Charges on a per transaction basis for
          each Value Added Product used by Subscriber.  Use of Value Added
          Products will be in accordance with the provisions in Exhibit B and
          Addendum I.)

          1)  Credit - $1.25 Per Translated Credit Report/ Request Transaction
                       (Charges for Credit will not be added to Service
                       Transaction Charges.)

     B.   Data Mapping:

          If requested by Subscriber, Data Mapping will be completed in
          accordance with the Statement of Work to be attached to the Agreement
          and made a part of hereto by reference.

     C.   Custom Programming:

          If requested by Subscriber, Custom Programming will be completed in
          accordance with the Statement of Work to be attached to the Agreement
          and made a part of hereto by reference.

     D.   Software Installation:

          If requested by the Subscriber, ALLTEL Technical Services Staff may
          install PC based file transfer or On-line Access Software at
          Subscriber's location based on a per day charge of $1500.00 plus
          reasonable out of pocket expenses (travel, lodging, food etc.).
          Technical expertise available for the following software products:

          File Transfer Software                  On-Line Software
          ----------------------                  ----------------

          Connect:Direct (NDM-Sterling)           AttachMate - IRMALAN
          XCOM - Computer Associates
          Communications Manager - ALLTEL

                                       5
<PAGE>

                                   EXHIBIT B

                 TERMS AND CONDITIONS OF SUBSCRIBER AGREEMENT
                        FOR ALLTEL INTERCHANGE SERVICES

     The following terms and conditions hereby are incorporated into and made a
part of that certain Subscriber Agreement for ALLTEL InterChange Services No.
SEl-98IN by and between ALLTEL Information Services, Inc. ("ALLTEL") (formerly
ALLTEL Mortgage Information Services, Inc.) and AEGIS Mortgage Acceleration
Corporation ("Subscriber") dated June 20, 1998 ("Effective Date").

                                   ARTICLE I
                                  DEFINITIONS

     When used in this Agreement, the capitalized terms listed below shall have
the following meanings:

     Section 1.1   Acceptance Date. The earlier of the date on which the
                   ---------------
InterChange Services begin to carry and transmit data between ALLTEL and
Subscriber or fifteen (15) business days after ALLTEL provides written notice to
Subscriber that the InterChange Services are ready and available.

     Section 1.2   Communication Network. All hardware and software associated
                   ---------------------
with the PES, Satellite and certain common hub and baseband equipment, and other
communication systems and devices.

     Section 1.3   Customer Subscriber. An individual or company interested in
                   -------------------
remote access to the Products via the InterChange Services.

     Section 1.4   Data Mapping.  The translation of data from or to 1) ANSI X12
                   ------------
standard communication protocol or 2) some other proprietary communication
protocol standard between Customer Subscriber and Vendor Subscriber to effect
data transmission via InterChange Services.

     Section 1.5   Dispute Notice. A notification in writing describing in
                   --------------
reasonable detail the nature of a dispute.

     Section 1.6   Disputing Party.  The party or parties to this Agreement who
                   ---------------
elect to submit an unresolved dispute to binding arbitration pursuant to the
term of this Agreement.

     Section 1.7   Effective Date. The above referenced date of execution of
                   --------------
     this Agreement.

     Section 1.8   File Transfer Transmission.  The transfer of data directly
                   --------------------------
between ALLTEL's remote processing system and Subscriber's processing system.

     Section 1.9   ALLTEL InterChange.  A "value added" network, that provides
                   ------------------
an electronic linkage via certain data, voice and video telecommunication
services among parties involved in the origination. processing, underwriting,
closing, funding, selling, securitization and servicing of residential mortgage
loans.

     Section 1.10  InterChange Services.  The transmission of data by and
                   --------------------
between Subscribers to ALLTEL InterChange accomplished through the Communication
Network, among other communication systems devices, in accordance with the terms
and conditions of this Agreement.

     Section 1.11  PES. and Personal Earth Stations are trademarks of Hughes
                   ---
Network Systems, Inc.

     Section 1.12  Products.  The products and/or services either marketed by
                   --------
Vendor Subscriber to Customer Subscriber, or procured by Customer Subscriber
from one or more Vendor Subscribers or marketed by agreement between ALLTEL and
Vendor Subscribers, as applicable, in connection with the origination, selling
and servicing of residential mortgage loans, as more fully detailed in Exhibit A
                                                                       ---------
to the Agreement.

     Section 1.13  Subscriber.  Either Vendor Subscriber or Customer Subscriber,
                   ----------
as applicable, which has executed this Agreement.

     Section 1.14  Vendor Subscriber.  A company interested in providing
                   ----------------
Products to Customer Subscribers via the InterChange Services.

                                       1
<PAGE>

                                  ARTICLE II
                           ALLTEL'S RESPONSIBILITIES

     Section 2.1   InterChange Services.  ALLTEL shall, for the fees detailed on
                   --------------------
Exhibit A attached to the Agreement, provide its InterChange Services to
---------
Subscriber to permit, as applicable, either Vendor Subscriber to provide its
Products to Customer Subscribers, or Customer Subscriber to obtain the Products
from Vendor Subscribers or ALLTEL by agreement with Vendor Subscriber.  ALLTEL
shall specify and order the type of InterChange Service required by Subscriber.
Notwithstanding the foregoing, Subscriber acknowledges that it owns no right,
title or interest in and to InterChange Services by virtue of its execution of
this Agreement, but merely enjoys the right to use the InterChange Services
subject to the terms and conditions of this Agreement.  Except as otherwise
provided in this Agreement, Subscriber is prohibited from providing any third
party with access to the InterChange Services.

     Section 2.2   Site Survey and Installation.  ALLTEL or its designee shall
                   ----------------------------
perform a site survey of, and install at Subscriber's appropriate communication
systems and devices comprising a portion of the InterChange Services.

     Section 2.3   Beta Testing.  Beta testing of ALLTEL InterChange will be
                   ------------
performed jointly by ALLTEL and Subscriber.

     Section 2.4   Security.  ALLTEL shall implement appropriate security
                   --------
procedures and internal controls to protect the confidentiality of Subscriber's
data in accordance with reasonably prudent practices in the communication
services industry.

     Section 2.5   Telephone Support.  ALLTEL agrees to provide reasonable
                   -----------------
telephone support at no charge for the Communication Network during ALLTEL's
normal office hours. "Reasonable" telephone support as stated in this Section
2.5 shall be defined as telephone support provided for 1) ALLTEL Hardware
Failure - A failure of hardware owned by ALLTEL or a failure of communication
lines contracted by ALLTEL, 2) ALLTEL Software Failure - A failure of an ALLTEL
product to perform as expected and the origin of which cannot be identified or
code logic within ALLTEL software which requires change, and 3) Data Corruption
- A problem created by data which is no longer in a functional format, and the
origin of which cannot be identified. For all other support issues, Subscriber
has the opportunity to select an FES/InterChange Support Package (provided upon
request) for continued ongoing application and technical support. Subscribers
not wishing to select a support package will be billed ALLTEL's then current
hourly rate.

     Section 2.6   Network Sizing.  The transmission capacity of the
                   --------------
Communication Network as described in Exhibit A hereto represents the current
                                      ---------
network configuration anticipated at the time of installation.  ALLTEL will seek
to provide such additional capacity or applications to the InterChange Services
as Subscriber may reasonably request at ALLTEL's then prevailing prices for such
additional services, subject to ALLTEL's ability to provide additional capacity.
Subscriber shall request any such changes by completing and delivering to ALLTEL
a form entitled Systems Service Request ("SSR") to be provided by ALLTEL.

     Section 2.7   Maintenance of Equipment.  ALLTEL shall be responsible for
                   ------------------------
maintenance of the InterChange Services including, but not limited to, the
portions thereof located at Subscriber's site.  Subscriber shall notify ALLTEL
immediately of any malfunctions or required maintenance with respect to such
equipment. Maintenance coverage shall consist of twenty-four (24) hour a day
support with an average four (4) hour response time.

                                  ARTICLE III
                         SUBSCRIBER'S RESPONSIBILITIES

     Section 3.1   Payment for Equipment and Services.  Subscriber shall pay
                   ----------------------------------
ALLTEL for: (i) the monthly and transactional fees for the InterChange Services
provided by ALLTEL pursuant to Section 2.1 hereof, commencing on the Acceptance
Date; (ii) the cost of the site survey (if applicable), and installation of the
Interchange Services at Subscriber's site by ALLTEL pursuant to Section 2.2.
hereof, which cost shall be invoiced at the time of delivery); and (iii) the
costs of any of the hardware and/or software as may be required to accomplish
the systems and beta testing, by ALLTEL pursuant to Section 2.3 hereof.
Subscriber is responsible for prompt payment for all equipment and services
delivered in accordance with the terms and conditions of this Agreement.

     Section 3.2   Marketing.  Vendor Subscriber is solely responsible for
                   ---------
marketing its Products to Customer Subscribers.  ALLTEL will not make any
representations, warranties or endorsements to such Customer Subscribers
concerning Vendor Subscriber's Products, or to be responsible to such Customer
Subscribers for any aspect of the Vendor Subscriber's Products.

                                       2
<PAGE>

     Section 3.3   Relocation and Removal.  Subscriber may request ALLTEL to
                   ----------------------
relocate portions of the InterChange Services located at Subscriber's site
subsequent to their original installation by ALLTEL.  Subscriber shall be
responsible for and pay to ALLTEL any charges incurred in connection with the
relocation of such portions of the InterChange Services, communications hardware
and software.  Subscriber shall also be responsible for all expenses of removing
the portions of the InterChange Services at Subscriber's site upon termination
of this Agreement for any reason other than a default by ALLTEL.  The provisions
of this Section are specifically intended to survive the termination of this
Agreement.

     Section 3.4   Compliance with Law. Vendor Subscriber shall comply with all
                   -------------------
applicable federal, state and local laws, rules and restrictions in connection
with the development, maintenance, use, marketing, dissemination and delivery of
the Products. Customer Subscriber shall comply with all applicable federal,
state and local laws, rules and regulations in connection with the use of the
Products.  Vendor Subscriber shall assure that any information and data
comprising all or any part of a Product marketed to Customer Subscribers is
true, accurate and complete.

     Section 3.5   Controls and Audit System.  If Subscriber is to perform File
                   -------------------------
Transfer Transmissions, Subscriber shall comply with ALLTEL's EDI Controls and
Audit System requirements as described in Exhibit C to this Agreement.
                                          ---------

     Section 3.6   Transmission Schedule and System Availability.  If Subscriber
                   ---------------------------------------------
is to perform File Transfer Transmissions, ALLTEL will provide Subscriber with
communication services consistent with the Transmission Schedule referenced in
Exhibit D and at the times described in Exhibit E to this Agreement.
---------                               ---------

                                  ARTICLE IV
                             TERM AND TERMINATION

     Section 4.1   Original Term.  The original term ("Original Term") of this
                   -------------
Agreement shall be for a period of one (1) year from the Effective Date of this
Agreement.

     Section 4.2   Extended Terms.  Following the Original Term, this Agreement
                   --------------
shall be automatically renewed for successive one (1) year terms (each an
"Extended Term") under the same terms and conditions unless either party
provides written notice to the other party at least ninety (90) days prior to
the expiration of the then current term, of its election not to extend the term
of this Agreement,

     Section 4.3   Termination.  Either party may, at its option, terminate this
                   -----------
Agreement in the event the other party falls to comply in any material respect
with the covenants, conditions and agreements applicable to it under this
Agreement or breaches in any material respect any of the representations or
warranties set forth herein.  Such termination may be effected only through a
written notice, specifically identifying the breach on which termination is
based.  Following receipt of such notice, the party in breach shall have thirty
(30) days to cure such breach, which thirty (30) day period shall be extended by
written notice for a additional period if, in the reasonable judgment of the
non-defaulting party such default is capable of prompt cure, and appropriate
corrective action is instituted by the defaulting party.  Notwithstanding the
foregoing, in the event of a monetary default by Subscriber, Subscriber shall
have ten (10) days to cure the default.  This Agreement may be terminated at
ALLTEL's option in the event such cure is not effected by the end of such
period.

     Section 4.4   Survival.  In the event of the termination of this Agreement,
                   --------
in whole or in part, the provisions of Article VIII and Section 4.5 shall
survive and continue in effect.

     Section 4.5   Rights Not Affected.  The termination of this Agreement shall
                   -------------------
not release any party from liability  for any breach by it either prior to such
termination, or subsequent to such termination in the case of continuing
covenants that survive termination of this Agreement.

                                   ARTICLE V
                                    PRICES

     Section 5.1   Prices.  The prices set forth on Exhibit A shall remain fixed
                   ------                           ---------
for a period of six (6) months following the Effective Date of this Agreement
and will be subject to increase after that time; provided, however, Subscriber
acknowledges that ALLTEL relies upon third party subcontractors and resources to
provide the products, services and personnel in its performance under this
Agreement, and that certain expenses including. but not limited to, tariffs,
surcharges, miscellaneous service fees and use fees may at such third party's
option, increase over time.  Subscriber agrees that ALLTEL may during the
Original or any Extended Term of this Agreement, make equivalent percentage
adjustments in the monthly fees due to such increases by third parties.  In
addition, price adjustments may be made in connection with the network sizing as
described in Section 2.6 of this Agreement.  Any increases in prices by ALLTEL
hereunder shall become effective thirty (30) days after Subscriber receives
written notice thereof.

                                       3
<PAGE>

     Section 5.2   Extended Terms.  For each Extended Term, ALLTEL will charge
                   --------------
Subscriber at ALLTEL's then current standard prices for such services described
in this Agreement.

                                  ARTICLE VI
                                   PAYMENTS

     Section 6.1   Invoices.  ALLTEL will render invoices for InterChange
                   --------
Services monthly.  Invoices for special charges incurred during the month will
be rendered as of the last day of the month.  Invoices are due and payable by
Subscriber within (30) days of receipt.

     Section 6.2   Taxes.  All taxes, however designated. arising from or based
                   -----
upon this Agreement or the payments made to ALLTEL by Subscriber pursuant
hereto, including, but not limited to, all applicable sales, use and excise
taxes, shall be paid by Subscriber as the same become due.  Subscriber shall,
upon request by ALLTEL pay the same either to ALLTEL or to the appropriate
taxing authority at anytime during or after the termination of this Agreement.
Subscriber shall not be responsible for the payment of any state, federal, or
local franchise or income taxes based upon the net income of ALLTEL.

                                  ARTICLE VII
            REPRESENTATIONS AND WARRANTIES OF SUBSCRIBER AND ALLTEL

     Subscriber and ALLTEL each represent and warrant to the other with respect
to itself as of the date of execution and throughout the term of this Agreement
as follows:

     Section 7.1   Due Incorporation and Good Standing; Qualifications.  Each is
                   ---------------------------------------------------
a corporation or partnership duly organized, validly existing and in good
standing under the laws of its state of incorporation or formation.  Each is
duly qualified or licensed and in good standing as a corporation or partnership,
authorized to conduct its business and has in full force and effect (without
notice of possible suspension, revocation or impairment) all requisite permits,
licenses and approvals in each jurisdiction in which the nature of its business
requires it to be so qualified or licensed or otherwise possess such permits.

     Section 7.2   Authority and Capacity.  Each has all requisite corporate or
                   ----------------------
partnership power, authority and capacity to enter into this Agreement and to
perform its obligations hereunder.  Each has duly and validly authorized the
execution and delivery of this Agreement, and the consummation of the activities
contemplated hereby, and this Agreement has been duly and validly authorized by
all necessary corporate or partnership action.  This Agreement will, upon its
execution by both parties, constitute a valid and legally binding agreement of
each, enforceable in accordance with its terms except as such enforcement may be
limited by bankruptcy, insolvency or other similar laws affecting the
enforcement of creditors rights generally or by general principles of equity.

     Section 7.3   Effective Agreement.  The execution, delivery and performance
                   -------------------
of this Agreement by each, and consummation of the activities contemplated
hereby will not (a) violate any judgment, decree, injunction, order, regulation,
or rule of any court or any governmental entity applicable to each, (b) conflict
with any of the terms of each party's charter, articles of incorporation, bylaws
or partnership agreement or (c) violate, conflict with, constitute a default (or
an event which, with notice or lapse of time or both, would constitute a
default) under, or result in a breach of, any other agreement or commitment to
which each is a party or by which it is bound, which such violation, conflict or
default would materially impair each party's ability to perform its obligations
hereunder or result in cost or liability to the other.

     Section 7.4   Consents and Approvals of Governmental Authorities.  No
                   --------------------------------------------------
consent, approval, authorization or waiver of, or declaration, filing or
registration with, or notification to any governmental or regulatory authority
is required in connection with the execution, delivery and performance by each
party to this Agreement and the consummation by each party of the activities
contemplated thereby.

     Section 7.5   Compliance with Regulations.  Subscriber has complied and is
                   ---------------------------
complying with all applicable federal, state and local laws and regulations in
connection with the development, maintenance, use, marketing, dissemination and
delivery of the Products and, with respect to a Vendor Subscriber, all
information and data comprising all or any part of a Product is true, accurate
and complete.

     Section 7.6   Right and Authority.  Vendor Subscriber, or ALLTEL as may be
                   -------------------
applicable, is the owner of the Product, including all intellectual property
rights therein under copyright, patent, trademark, trade secret, and other
applicable law.  The Products do not infringe any copyright or other
intellectual property right of any third party, in the event Vendor Subscriber,
or ALLTEL as may be applicable, is not the owner of the Product such Vendor
Subscriber or ALLTEL warrants that it has rightfully obtained the right to
market the Product.

                                       4
<PAGE>

     Section 7.7   Limited Warranties.  ALLTEL represents and warrants that the
                   ------------------
InterChange Services will perform as set forth in this Agreement.  ALLTEL
further warrants that it has all the necessary fights to use such InterChange
Services.  THE FOREGOING WARRANTIES ARE IN LIEU OF ALL OTHER WARRANTIES, EXPRESS
OR IMPLIED, INCLUDING BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF
MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE.

                                 ARTICLE VIII
                    INDEMNIFICATION/LIMITATION OF LIABILITY

     Section 8.1   Indemnification by Subscriber.  Subscriber will indemnify and
                   -----------------------------
save ALLTEL, its stockholders, and their respective officers, directors,
employees and agents harmless from any and all loss, liability, claim, or damage
arising out of, in connection with or resulting from (a) any misrepresentation
or the inaccuracy or breach in any material respect of any representation or
warranty made by Subscriber in this Agreement; (b) the non-fulfillment or non-
performance of any covenant, condition or action required of Subscriber under
this Agreement; (c) in the case of Vendor Subscribers only, any actual or
alleged infringement of a patent, copyright, trade secret, or other intellectual
Proprietary right of any third party in the United States with respect to the
Products; (d) in the case of Vendor Subscribers only, any claims by Customer
Subscribers relating to the Products, and (e) any matter disclaimed by ALLTEL,
as specified in this Agreement, arising in connection with the provision of the
InterChange Services by ALLTEL to Subscriber.

     Section 8.2   Indemnification by ALLTEL.  ALLTEL shall indemnify and save
                   -------------------------
Subscriber, its stockholders, and their respective officers, directors,
employees and agents harmless from any and all loss, liability, claim, or damage
arising out of, in connection with or resulting from (a) any misrepresentation
or the inaccuracy or breach in any material respect of any representation or
warranty made by ALLTEL in this Agreement; (b) the non-fulfillment or non-
performance of any covenant, condition or action required of ALLTEL under this
Agreement; or (c) any actual or alleged infringement of a patent, copyright,
trade secret, or other intellectual proprietary right of any third party in the
United States with respect to InterChange Services.

     Section 8.3   Limitation of Liability.  NOTWITHSTANDING THE PROVISION OF
                   -----------------------
8.2 HEREOF, ALLTEL WILL NOT BE LIABLE UNDER THIS AGREEMENT, AT LAW OR IN EQUITY,
FOR ANY AMOUNTS IN EXCESS OF THE TOTAL OF ALL PAYMENTS MADE BY SUBSCRIBER TO
ALLTEL UNDER THE TERMS OF THIS AGREEMENT WITH RESPECT TO INTERCHANGE SERVICES.
THIS LIMITATION INCLUDES ANY LOSS OR DAMAGE INCURRED BY SUBSCRIBER OR OTHERS BY
REASON OF OR INCIDENTAL TO:

          8.3.1    ANY DELAY OR INTERRUPTION IN USE OF SERVICE, OR FOR ANY
FAILURE IN OR BREAKDOWN OF SERVICE, OR FOR ANY MISTAKES, OMISSIONS, DELAYS,
ERRORS OR DEFECTS IN TRANSMISSION OCCURRING IN THE COURSE OF USE OF THE SERVICES
PROVIDED HEREUNDER; OR

          8.3.2    LIBEL, SLANDER, OR INFRINGEMENT OF COPYRIGHT IN FROM OR IN
CONNECTION WITH THE TRANSMISSION OF CUSTOMER SUBSCRIBER DATA OR OTHER
INFORMATION VIA THE COMMUNICATION NETWORK UNLESS THE LIBEL, SLANDER OR
INFRINGEMENT RESULTS SOLELY FROM WILLFUL MISCONDUCT OR GROSS NEGLIGENCE OF
ALLTEL; OR

          8.3.3    UNLAWFUL OR UNAUTHORIZED USE OF INTERCHANGE SERVICES, UNLESS
SUCH USE RESULTS SOLELY FROM THE WILLFUL MISCONDUCT OR GROSS NEGLIGENCE; OF
ALLTEL; OR

          8.3.4    ANY CLAIM RESULTING FROM THE FURNISHING, INSTALLATION,
OPERATION, MAINTENANCE OR REMOVAL OF THE INTERCHANGE SERVICES OR ITS COMPONENTS;
OR

          8.3.5    ANY CLAIM ARISING OUT OF A BREACH IN THE PRIVACY OR SECURITY
OF COMMUNICATIONS TRANSMITTED VIA THE INTERCHANGE SERVICES, UNLESS SUCH CLAIM
RESULTS SOLELY FROM THE WILLFUL MISCONDUCT OR GROSS NEGLIGENCE OF ALLTEL.

IN NO EVENT WILL ALLTEL BE LIABLE TO SUBSCRIBER OR OTHERS FOR ANY INDIRECT,
SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, INCLUDING, BUT NOT LIMITED TO,
LOSS OF REVENUE OR PROFITS, LOSS OF SAVINGS, LOSS OF USE, INTERRUPTIONS OF
BUSINESS, OR CLAIMS OF CUSTOMERS, WHETHER SUCH DAMAGES OCCUR PRIOR OR SUBSEQUENT
TO, OR ARE ALLEGED AS A RESULT OF BREACH OF ANY OF THE PROVISIONS OF THIS
AGREEMENT, EVEN IF ALLTEL HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

                                       5
<PAGE>

                                  ARTICLE IX
                             DEFAULTS AND REMEDIES

     Section 9.1   Default by Subscriber.  The occurrence of any one or more of
                   ---------------------
the following listed events shall constitute a default by Subscriber.

          9.1.1    The failure to pay any amounts due under this Agreement after
     the date they are due and payable; ALLTEL may, at ALLTEL's sole option and
     without limiting any remedy available to ALLTEL, notify the customers of
     any Vendor Subscriber who has payments that are overdue by thirty (30) days
     or more that Vendor Subscriber's Products may no longer be available on the
     lnterChange;

          9.1.2    The failure to fully and properly perform as required under
     this Agreement, or otherwise to comply with any material term or provision
     hereof.

          9.1.3    The filing by, against or on behalf of Subscriber of any
     petition or pleading under the Federal Bankruptcy Act or any other federal
     or state insolvency laws or regulations unless dismissed within 60 days;

          9.1.4    The appointment by any court or under any law of a receiver,
     trustee or other custodian of the property, assets or business of
     Subscriber; or

          9.1.5    The assignment by Subscriber of all or any part of its
     property or assets for the benefit of its creditors.

     Section 9.2   ALLTEL's Remedies.  Upon the occurrence of any default by
                   -----------------
Subscriber, as defined in Section 9.1 above, and failure to cure such default
(as set forth in Section 4.3 hereof), ALLTEL, at its option, may invoke one or
more of the following remedies:

          9.2.1    Terminate this Agreement and any or all of the InterChange
     Services pursuant to Article IV hereof and remove, at Subscriber's expense,
     the portions of the InterChange Services located at Subscriber's site;

          9.2.2    Require the Subscriber to pay an amount equal to the average
     monthly fees billed by ALLTEL to Subscriber since the Effective Date (as
     described in Article I) of this Agreement through the date the Subscriber
     is notified in writing that they are in default, multiplied by the number
     of months remaining in the Term (as described is Article IV) of this
     Agreement as of the date Subscriber is notified in writing that they are in
     default;

          9.2.3    Waive such default by written notice to Subscriber and
     continue performance under the terms of this Agreement;

          9.2.4    Seek indemnification from Subscriber pursuant to Section 8.1
     hereof; or

          9.2.5    Pursue any other remedy available to ALLTEL at law or in
     equity.

     Section 9.3   Default by ALLTEL.  The occurrence of any one or more of the
                   -----------------
following listed events shall constitute a default by ALLTEL:

          9.3.1    The failure to fully, timely and properly perform its
     obligations under this Agreement, or otherwise comply with any material
     term or provision hereof;

          9.3.2    The filing by, against or on behalf of ALLTEL of any petition
     or pleading under the Federal Bankruptcy Act or any other federal or state
     insolvency laws or regulations;

          9.3.3    The appointment by any court or under any law of a receiver,
     trustee or other custodian of the property, assets or business of ALLTEL;
     or

          9.3.4    The assignment by ALLTEL of all or any part of its property
     or assets for the benefit of its creditors.

     Section 9.4   Subscriber's Remedies.  Upon the occurrence of any default by
                   ---------------------
ALLTEL, as defined in Section 9.3 above, and failure to cure such default (as
set forth in Section 4.3 hereof), Subscriber at its option, may invoke one or
more of the following remedies:

                                       6
<PAGE>

          9.4.1  ALLTEL and Subscriber shall negotiate a reasonable pro ration
     of the monthly fees described in the Agreement for the period of time
     ALLTEL did not perform as described in 9.3.1 above;

          9.4.2  Waive such default by written notice to ALLTEL and continue
     its performance under the terms of this Agreement;

          9.4.3  Terminate this Agreement and any or all of the InterChange
     Services pursuant to Article IV hereof and remove, at ALLTEL's expense, the
     portions of the InterChange Services located at Subscriber's site;

          9.4.4  Seek indemnification from ALLTEL pursuant to Section 8.2
     hereof; or

          9.4.5  Pursue any other remedy available to Subscriber at law, or in
     equity, subject to the limitations of Section 8.3 hereof.

                                   ARTICLE X
                              CONFLICT RESOLUTION

     Section 10.1  Informal Dispute Resolution.  The parties will notify each
                   ---------------------------
other as promptly as possible of any conflicts arising out of this Agreement or
in the interpretation of the provisions of this Agreement, or any dispute as to
whether or not an event of default has occurred.  ALLTEL and Subscriber further
agree to attempt to resolve all such conflicts as promptly as possible and in
good faith before initiating any causes of action arising out of this Agreement.
If any dispute remains unresolved for any reason after thirty (30) days
following the initial request for informal dispute resolution, or such other
period of time as mutually agreed to, then the parties may agree to continue
informal efforts to resolve the dispute or either party may initiate a binding
arbitration proceeding as contemplated by Section 10.2 of this Agreement.

     Section 10.2  Binding Arbitration.  If the parties are unable to resolve
                   -------------------
any controversy arising under this Agreement as contemplated by Section 10.1 and
if such controversy is not subject to Section 10.3 of this Agreement, then such
controversy, and any ancillary claims not so resolved and not so subject, shall
be submitted to binding arbitration at the election of the Disputing Party
pursuant to the following conditions:

          (a)    Selection of Arbitrator. The Disputing Party shall notify the
                 -----------------------
                 American Arbitration Association ("AAA") and the other party in
                 writing describing in reasonable detail the nature of the
                 dispute (the "Dispute Notice"), and shall request that AAA
                 furnish to the parties a list of five (5) possible arbitrators
                 who shall be licensed to practice law in the United States and
                 shall have at least five (5) years of experience in data
                 processing and telecommunication matters. Each party shall have
                 fifteen (15) days to reject two (2) of the proposed
                 arbitrators. If one (1) individual has not been so rejected, he
                 or she shall serve as arbitrator; if two (2) or more
                 individuals have not been so rejected, AAA shall select the
                 arbitrator from those individuals.

          (b)    Conduct of Arbitration. Arbitration will be conducted by the
                 ----------------------
                 arbitrator selected pursuant to subsection 10.2(a) with respect
                 to the dispute described in the Dispute Notice and any other
                 disputes related to this Agreement between the parties to this
                 Agreement (i) pending at the inception of such arbitration and
                 not otherwise being arbitrated under this Section 10.2; or (ii)
                 arising during the pendency of such arbitration in accordance
                 with the rules of AAA, except as specifically provided
                 otherwise in this Section 10.2. The arbitrator will allow
                 reasonable discovery in the forms permitted by the Federal
                 Rules of Civil Procedure, to the extent consistent with the
                 purpose of the arbitration. The arbitrator will have no power
                 or authority, under the rules of AAA or otherwise, to amend or
                 disregard any provision of this Section 10.2. The arbitration
                 hearing shall be limited to not more than ten (10) days, with
                 each of Subscriber and ALLTEL being allocated one-half of the
                 time for the presentation of its case. Unless otherwise agreed
                 to by the parties, an arbitration hearing shall be conducted on
                 consecutive business days.

          (c)    Replacement of Arbitrator. Should the arbitrator refuse or be
                 -------------------------
                 unable to proceed with arbitration proceedings as called for by
                 this Section 10.2, such arbitrator shall be replaced by an
                 arbitrator selected from the other four (4) arbitrators
                 originally proposed by AAA and not rejected by the parties, if
                 any, or if there are no remaining proposed arbitrators who have
                 not been rejected, by repeating the process of selection
                 described in subsection 10.2(a) above. If an arbitrator is
                 replaced pursuant to this subsection 10.2(c), then a rehearing
                 shall take place in accordance with the provisions of this
                 Section 10.2 and the rules of AAA.

                                       7

<PAGE>

          (d)    Findings and Conclusions. The arbitrator rendering judgment
                 ------------------------
                 upon disputes between parties to this Agreement as provided in
                 this Section 10.2 shall, after reaching judgment and award,
                 prepare and distribute to the parties a writing describing the
                 findings of fact and conclusions of law relevant to such
                 judgment and award and containing an opinion setting forth the
                 reasons for the giving or denial of any award.

          (e)    Place of Arbitration Hearings. Arbitration hearings
                 -----------------------------
                 contemplated by subsection 10.2(b) shall be held in
                 Jacksonville, Florida. If ALLTEL and Subscriber agree,
                 arbitration hearings may be held in another location.

          (f)    Time of the Essence. The arbitrator is instructed that time is
                 -------------------
                 of the essence in the arbitration proceeding, and that the
                 arbitrator shall have the right and authority to issue monetary
                 sanctions against either of the parties if, upon a showing of
                 good cause, the party is unreasonably delaying the proceeding.
                 The arbitrator shall render his or her judgment or award within
                 fifteen (15) days following the conclusion of the arbitration
                 proceeding. Recognizing the express desire of the parties for
                 an expeditious means of dispute resolution, the arbitrator
                 shall limit or allow the parties to expand the scope of
                 discovery, as may be reasonable under the circumstances.

          (g)    Limitation on Authority of Arbitrator. If the arbitrator finds
                 -------------------------------------
                 that a material breach of this Agreement has occurred, the
                 arbitrator shall not have the authority to exclude the right of
                 a party to terminate this Agreement by virtue of such material
                 breach. The arbitrator will have no power or authority, under
                 the rules of AAA or otherwise, to amend or disregard any
                 provisions set forth in this Agreement and shall be limited to
                 rendering judgment on the dispute being arbitrated pursuant to
                 this Article 10.

     Section 10.3  Immediate Injunctive Relief.  The only circumstance in which
                   ---------------------------
disputes between the parties will not be subject to the provisions of Sections
10.1 and 10.2 is where i) a party defaults under the provisions of Article IX of
this Agreement or ii) a party makes a good faith determination that a breach of
the terms of this Agreement by the other party is such that the damages to such
party resulting therefrom will be so immediate, so large or severe and so
incapable of adequate redress after the fact that a temporary restraining order
and/or other immediate injunctive relief is the only adequate remedy for such
breach.  If a party making such a determination files a pleading with a court
seeking such immediate injunctive relief and this pleading is challenged by the
other party to this Agreement and the challenging party succeeds in such
challenge, the party filing such pleading seeking immediate injunctive relief
shall pay all of the costs and attorneys' fees of the party successfully
challenging such pleading.

     Section 10.4  Costs and Attorneys' Fees.  Notwithstanding any rule of AAA
                   -------------------------
to the contrary, the arbitrator rendering judgment upon disputes between the
parties to this Agreement as provided in Section 10.2 shall have the power to
award all costs and attorneys' fees between the parties subject to such
disputes.

     Section 10.5  Continued Performance.  Except where prevented from doing so
                   ---------------------
by the matter in dispute, both parties will continue performing their respective
obligations under this Agreement while the dispute is being resolved unless and
until such obligations are terminated by the expiration or termination of this
Agreement.

                                  ARTICLE XI
                                 MISCELLANEOUS

     Section 11.1  Force Majeure.  Neither party to this Agreement shall be
                   -------------
liable to the other for any delay or failure to perform its obligations
hereunder if such delay or failure arises from any cause or causes beyond the
reasonable control of such party including, but not limited to, labor disputes,
strikes, other labor or industrial disturbances, acts of God, floods, lightning,
shortages of materials, rationing, terrestrial utility failures, earthquakes,
casualty, war, acts of the public enemy, riots, insurrections, embargoes,
blockades, actions, restrictions, regulations or orders of any government,
agency or subdivision thereof.  Such delay shall be excused and the period of
performance extended as may be necessary to enable the applicable party, to
perform after the cause of such delay has been removed.  If either party
anticipates a delay or failure that will cause an excusable delay, that party
shall provide notice to the other party of the anticipated effect of such delay
as soon as possible and in any event shall give written notice within two (2)
business days after obtaining such information.

                                       8

<PAGE>

     Section 11.2   Nonwaiver.  No covenant or condition of this Agreement can
                    ---------
be waived except by the written consent of the other party.  Forbearance or
indulgence by either party in any regard whatsoever shall not constitute a
waiver of the covenant or condition to be performed by the other party.  Either
party shall be entitled to invoke any remedy available to it under this
Agreement, whether by law or in equity despite such forbearance or indulgence.
The waiver by either party of the breach of any of the terms of this Agreement
by the other party shall not operate as or be construed to be a waiver of any
subsequent breach by the other party.

     Section 11.3   Notices.  All notices to be given under this Agreement shall
                    -------
be given in writing to ALLTEL or Subscriber at the addresses set forth in the
front of the  agreement to the attention of a designated officer.  Either party
may designate a new address by giving written notice to the other party
specifying such new address.  Notices given in connection with this Agreement
shall be delivered in person, by registered mail, return receipt requested or by
an overnight courier service.

     Section 11.4   Entire Agreement.  Neither ALLTEL nor Subscriber have made
                    ----------------
any statements, promises or agreements verbally or in writing in conflict with
the terms of this Agreement.  Any and all representations by any party, whether
made by agents during negotiations prior to the execution of this Agreement and
which representations are not contained in the provisions hereof shall not be
binding upon any of the parties hereto. This Agreement contains the entire
agreement between the parties and no rights are to be conferred upon either
party until this Agreement has been fully executed.

     Section 11.5   Severability.  If any term or provision of this Agreement or
                    ------------
the application thereof to any person or circumstance shall, to any extent, be
held invalid or unenforceable, the remainder of this Agreement, or the
application of such term or provision to persons or circumstances other than
those to which it is held invalid or unenforceable, shall not be affected
thereby and shall be valid and enforceable to the fullest extent permitted by
law.

     Section 11.6   Governing Law. This Agreement shall be governed by the laws
                    -------------
of the State of Florida and the parties hereto agree that any litigation
relating to this Agreement shall be in a court located within the State of
Florida.

     Section 11.7   Insurance.  If Subscriber is to have ALLTEL equipment
                    ---------
located at its facility as part of this Agreement, Subscriber shall maintain
public liability insurance with minimum combined limits of $1,000,000 for bodily
injury and property damage in such form, and with such insurance companies as
shall be reasonably satisfactory to ALLTEL. ALLTEL shall be named as an
additional insured in such policies and Subscriber shall deliver a certificate
to ALLTEL simultaneously with the execution of the Agreement evidencing that
such coverage is in full force and effect. Subscriber shall provide updated
insurance certificates to ALLTEL upon request.

     Section 11.8   Authorized Employees.  Subscriber shall designate in writing
                    --------------------
to ALLTEL within thirty (30) days of the execution of this Agreement, and when
requested by ALLTEL from time to time, employees who are authorized to contact
ALLTEL upon personnel and to request services under this Agreement for
Subscriber. Subscriber shall provide written notice to ALLTEL of any changes of
such authorized employees.

     Section 11.9   Advertising.  Subscriber shall not use the name ALLTEL,
                    -----------
ALLTEL InterChange or the ALLTEL InterChange logo in media advertising or
publicity releases without securing the prior written consent of ALLTEL.

     Section 11.10  Third Party Beneficiaries.  This Agreement is intended for
                    -------------------------
the sole use and benefit of the parties hereto and is not entitled in any way to
create any rights in or obligations to third parties.

     Section 11.11  Assignment.  Neither this Agreement nor any rights or
                    ----------
obligations hereunder may be assigned by either party hereto without the prior
written consent of the other.  Merger, consolidation or other business
reorganization of either party shall not be deemed an assignment hereunder,
provided that the Assignee is not an entity, or an affiliate or subsidiary of an
entity, which entitles or attempts to engage in the business of providing any
products or services that compete with such products or services provided by the
non-assigning party.  The assigning party shall provide reasonable advance
notice to the other party, of any assignment ,which does not require the consent
of such other party.  This Agreement shall inure to the benefit of and be
binding upon the parties hereto and their respective successors and permitted
assigns.  Neither the terms of this Agreement nor any performance hereunder
shall be construed to create any rights in any person other than the parties to
this Agreement.

     Section 11.12  Nonexclusivity. The equipment and services provided by
                    --------------
ALLTEL to Subscriber in connection with this Agreement are nonexclusive in
nature and ALLTEL may provide the same or similar equipment and services to
other customers of ALLTEL under terms and conditions as ALLTEL in its sole
discretion deems appropriate.

                                       9
<PAGE>

     Section 11.13  Lawful Purpose.  The services furnished under this
                    --------------
Agreement are subject to the condition that they be used only for lawful
purposes.

     ALLTEL and subscriber have executed this Agreement as of the date set forth
in the preamble hereof.

AEGIS MORTGAGE ACCELERATION                  ALLTEL INFORMATION SERVICES, INC.
CORPORATION

BY:                                          BY:

/s/ Craig M. Compiano    6/20/1998           /s/ Sheri Reyes
----------------------------------           --------------------------
SIGNATURE                     DATE           SIGNATURE             DATE

Craig M. Compiano                            Sheri Reyes
----------------------------------           --------------------------
NAME                                         NAME

Vice President
----------------------------------           --------------------------
TITLE                                        TITLE

              "Subscriber"                             "ALLTEL"

                                      10

<PAGE>

--------------------------------------------------------------------------------
                                  Exhibit C
                                  ---------
                             [COBOL SOURCE CODE]
--------------------------------------------------------------------------------

<PAGE>

                                                         Agreement No.: SE1-98IN
                                   EXHIBIT D

                      FILE TRANSFER TRANSMISSION SCHEDULE

 .  Data will normally be created at ALLTEL for transmission to Subscriber from
   midnight until 6:00am ET.

 .  Subscriber will create files for transmission to ALLTEL from noon to 4:00pm
   ET. Files created outside this window may not be processed in the next ALLTEL
   client processing cycle.

 .  ALLTEL will receive the transmission files from Subscriber and will process
   as input into next available clients FM/MSP cyc1e.
<PAGE>

                                                         Agreement No.: SE1-98IN
                                   EXHIBIT E

                           SYSTEM AVAILABILITY TIMES

--------------------------------------------------------------------------------

I.   ALLTEL ON-LINE SYSTEMS SCHEDULED SYSTEM AVAILABILITY*

     (Note: All times are Local Subscriber time)

     Day of Week             Start-Time                 Stop-Time

     Monday                     0800                       2000
     Tuesday                    0700                       2000
     Wednesday                  0700                       2000
     Thursday                   0700                       2000
     Friday                     0700                       2000
     Saturday                   0700                       1500
     Sunday                     not available

* Note: Alaska, Hawaii, or Puerto Rico Subscriber's hours may vary.

II.  ALLTEL FILE TRANSFER TRANSMISSION SYSTEMS SCHEDULE AVAILABILITY

     Day of Week                                   Start-Time

     Monday through Friday                         0000-2400
     Saturday                                      0000-2000
     Sunday                                        not available

III. EXCEPTIONS TO NORMAL ON-LINE SYSTEMS USAGE AVAILABILITY

     a.   Holiday Schedules: ALLTEL annually publishes the dates on which ALLTEL
          observes the following holidays via electronic mail (CIMON).

          1.  Memorial Day
          2.  Independence Day
          3.  Labor Day
          4.  Thanksgiving
          5.  Christmas
          6.  New Year's

          No regular systems processing will be made available from 0700 on the
          dates published until 0700 the following day.

     b.   Preventative maintenance will normally be conducted on the ALLTEL in-
          house equipment until 0800 each Monday morning. This schedule will
          automatically change to Tuesday morning when ALLTEL is closed for a
          holiday on Monday. Occasionally, the systems may not be available on
          Saturdays when ALLTEL is making hardware/software upgrades or change-
          overs.

IV.  ALLTEL reserves the right to modify the above schedules from time to time.
<PAGE>

                                  ADDENDUM I
                             VALUE ADDED PRODUCTS
                            TO SUBSCRIBER AGREEMENT
                        FOR ALLTEL InterChange SERVICES

                                                         Agreement No.: SEl-98IN

WHEREAS, ALLTEL Information Services. Inc. ("ALLTEL") (formerly ALLTEL Mortgage
Information Services Inc.) and Aegis Mortgage Acceleration Corporation
("Subscriber") have entered into a Subscriber Agreement for ALLTEL InterChange
Services dated __________, to which this Addendum is attached, ALLTEL and
Subscriber agree to modify the terms and conditions of the Agreement as follows:

A.   Use of Value Added Products.  Subscriber may use the Value Added Products
     ---------------------------
     only for its benefit and not for the benefit of third parties, except
     wholly owned subsidiaries. Subscriber may be required to enter into a
     separate agreement with the Vendor Subscribers whose product(s) are offered
     as Value Added Products through ALLTEL InterChange.

B.   Ownership of Value Added Products  Subscriber acknowledges that the Value-
     ---------------------------------
     Added Products may contain certain software code owned and copyrighted by
     ALLTEL, or licensed by ALLTEL, and such software contains trade secrets and
     confidential information of ALLTEL and its licensors. Subscriber agrees;
     (i) not to attempt to obtain access to the software; (ii) not to attempt to
     use, modify, adapt, translate, disassemble, decompile, reverse engineer, or
     attempt in any manner to derive source code for the software, or attempt in
     any way to merge or incorporate the software into any other work or create
     derivative works based on the software, or publish or otherwise disclose
     such software to any other person or entity.

C.   Representations and Warranties. NO REPRESENTATIONS OR WARRANTIES ARE MADE
     ------------------------------
     BY ALLTEL OR ANY LICENSORS WITH RESPECT TO THE VALUE ADDED PRODUCTS OR THE
     SOFTWARE THEY MAY CONTAIN, EITHER EXPRESS OR IMPLIED, BY OPERATION OF LAW
     OR OTHERWISE, WHETHER IN CONTRACT OR IN TORT, INCLUDING WITHOUT LIMITATION,
     NEGLIGENCE AND STRICT LIABILITY, MERCHANTABILITY AND FITNESS FOR A
     PARTICULAR PURPOSE.

D.   Value Added Products Selection.  Subscriber assumes the responsibility for
     ------------------------------
     the selection of the Value Added Products to achieve the Subscriber's
     intended results obtained from the Value Added Products. ALLTEL and its
     licensors do not warrant that the functions contained in, or the results
     derived, from the Value Added Products will meet Subscriber's requirements.

E.   Work Validation.  Subscriber is advised to validate Subscriber's results
     ---------------
     derived from use of the Value Added Products.  Subscriber acknowledges that
     it bears the risk of failure or inaccuracy in the performance of the Value
     Added Products.

F.   Confidentiality.  Subscriber agrees that the methods of utilizing the
     ---------------
     software used in providing the Value Added Products are confidential
     information of ALLTEL or their respective licensors, whether or not marked
     as such. Subscriber agrees that it shall maintain confidential information
     in trust for ALLTEL or the respective licensors, and shall not directly or
     indirectly disclose any portion thereof to any third party or use such
     information for its own benefit or the benefit of others, except as
     permitted hereunder. Subscriber agrees that the disclosure of confidential
     information or any portion thereof to unauthorized persons could cause
     irreparable harm to ALLTEL or its licensors. The obligations of Subscriber
     hereunder shall survive the termination of this Agreement.

IN WITNESS WHEREOF, ALLTEL and Subscriber have executed this Addendum on June
20, 1998.

AEGIS MORTGAGE ACCELERATION             ALLTEL INFORMATION SERVICES, INC.
CORPORATION

BY:                                     BY:

/s/ Craig M. Compiano   6/20/98         /s/ Sheri Reyes        6/29/98
-------------------------------         ------------------------------
Signature                  Date         Signature                 Date

Vice President                          Senior Vice President
-------------------------------         ------------------------------
TItle                                   Title

           "Subscriber"                              "ALLTEL"

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