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                                                                   EXHIBIT 10.26

                  AUTODESK AUTHORIZED CHANNEL PARTNER AGREEMENT
                             AUTODESK SYSTEMS CENTER
                                 (United States)

         This Autodesk Authorized Channel Partner Agreement ("ASC Agreement"),
effective on February 1, 2003 ("Effective Date") is made between Autodesk, Inc.,
a Delaware corporation ("Autodesk"), and Autodesk Systems Center ("ASC") as set
forth below:

RESELLER

ADDR

CITY

FAX

SAP

1.   Definitions

1.1  "Autodesk Channel Partner Policies and Procedures" shall mean the documents
posted to the AACPW, as periodically amended by Autodesk, in its sole
discretion, that sets forth the policies and procedures to be followed by ASC,
which is hereby incorporated by reference.

1.2  "Authorized Location" shall mean each physical location as identified in
Exhibit(s) B where ASC is authorized to market and distribute Authorized
Products to End Users and offer support thereto, as identified in the Product
Requirements Chart covering each such Authorized Product(s).

1.3  "Authorized Product(s)" shall mean the Autodesk software product(s),
Updates, Bug Fixes or Enhancements thereto, which (a) ASC has procured directly
from Autodesk or from an Autodesk Distribution Partner in accordance with this
ASC Agreement, and (b) ASC is authorized to market and distribute to End Users
only in accordance with the Product Requirements Chart and Exhibit B which
corresponds to such Authorized Product(s).

1.4  "Autodesk Authorized Channel Partner Website ("AACPW")" shall mean One Team
Web or any other successor site as designated by Autodesk. ASC is required to
review the AACPW at least weekly.

1.5  "Authorized Territory" shall mean the geographical area of the United
States identified in Exhibits B within which ASC is authorized to market and
distribute Authorized Products to End Users and offer support thereto
corresponding to such Product Requirements Chart.

1.6  "Autodesk Distribution Partner" shall mean any entity currently authorized
in writing by Autodesk to distribute Autodesk software products to third parties
other than End Users.

1.7  "Autodesk Direct Customer(s)" shall mean any End User to whom Autodesk
sells Autodesk software products directly. Autodesk Direct Customers include all
named accounts, Autodesk e-store and all state, local and federal government End
Users.

1.8  "Dedicated Personnel" means that each qualified employee only sells or
supports a single Vertical Product in addition to the Horizontal Products.

1.9  "Earnbacks" shall mean credits that ASC may receive, under the terms of
this ASC Agreement, upon the achievement of ASC's Target.

1.10 "End User" shall mean a customer of Autodesk who has acquired a license for
one or more Authorized Products from ASC for the personal or business use of
such customer and not for transfer or resale.

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1.11 "End User License" shall mean the then-current license agreement shipped
with, or incorporated in, each Authorized Product(s), which sets forth the terms
and conditions under which an End User may use such product(s).

1.12 "End User Records" shall mean the records maintained by ASC that show, at
minimum, the name and address of each End User to whom ASC has sold the
Authorized Product(s).

1.13 "Extensions" shall mean a license to use a modular addition to a Software
Program incorporating corrections or enhancements under Autodesk Subscription
Program which supplement and enhance that software program.

1.14 "Horizontal Products" shall mean AutoCAD, Autodesk Viz, Autodesk Raster
Design, On-Site View and any other Autodesk products as Autodesk may designate
in its sole and absolute discretion during the Term.

1.15 "Government Account Guide" shall mean the document separately published by
Autodesk that sets forth the requirements for government accounts which may be
updated by Autodesk from time to time in its sole discretion.

1.16 "Major Account Guide" shall mean the document separately published by
Autodesk that sets forth the requirements for major accounts which may be
updated by Autodesk from time to time in its sole discretion.

1.17 "Cooperative Marketing Funds" or "Co-op" ASC shall receive Co-op pursuant
to the Autodesk Co-op Guide which shall be posted to the AACPW, and which terms
are hereby incorporated by reference. Co-op shall be distributed to ASC based
upon percentage of sales of Authorized Products (exclusive of agent or
commissionable sales on behalf of Autodesk.) Failure to comply with the
requirements of the Autodesk Co-op Guide shall result in the loss or reduction
of Co-op.

1.18 "Co-op Guide" shall mean the document separately published by Autodesk that
sets forth the requirements for obtaining Co-op.

1.19 "Minimum Purchase Requirement" shall mean the minimum purchase requirements
as set forth in the Products Requirement Chart, and/or as set periodically by
Autodesk in its sole and absolute discretion.

1.20 "Premiere Support Program" means the minimum End User support training,
authorization and tracking requirements as set forth in Exhibit F hereto.

1.21 "Product Requirements Chart" shall mean the Exhibit A to this ASC Agreement
which sets forth the terms and conditions under which ASC is authorized to
market, distribute, and support one or more Authorized Products to End Users.
The Product Requirements Chart is supplemented by the detailed Product
Requirements Sheets available on the AACPW. ASC may not market or distribute any
Authorized Product(s) to End Users until Autodesk has delivered to it a fully
executed copy of this ASC Agreement with a completed Product Requirements Chart
corresponding to such Authorized Product(s). ASC must continuously meet the
requirements set forth in the Product Requirements Chart and the corresponding
Products Requirements Sheets for each Authorized Location in which ASC intends
to market, distribute, and support the Authorized Products. The Product
Requirements Chart and each of the Products Requirements Sheets are hereby
incorporated into and made part of this ASC Agreement.

1.22 "Qualified Personnel" means that the full-time ASC employee has passed the
appropriate Autodesk exam, continues to maintain the appropriate technical skill
and product experience as stated in detail in the AACPW.

1.23 "Target" shall mean the revenue target set by Autodesk based upon purchases
of Authorized Product(s).

1.24 "Term" shall mean the period of time beginning with the Effective Date, and
shall continue in effect through midnight on January 31, 2004 when it shall then
terminate, unless terminated earlier under the provisions of this ASC Agreement.

1.25 "Updates, Bug Fixes, and Enhancements" collectively shall mean additions or
corrections to any Authorized Product(s) which (a) Autodesk designates as a
modified or updated version of such Authorized Product(s), and (b)

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requires the End User to whom it is distributed to have previously licensed the
Authorized Product(s) corresponding to such modified or upgraded version. In no
event shall this include an Extension.

1.26 "Value Added Services" shall mean the services, as defined in Section 5.1
below, that ASC must provide to each End User in order to qualify as an ASC.

1.27 "Vertical Products" shall mean Autodesk MapGuide, MapGuide Author, MapGuide
Server, MapGuide Viewer, Autodesk On-Site Enterprise, Autodesk On-Site Desktop,
AutoCAD Mechanical, Autodesk Data Exchange, IGES Translator, STEP Translator,
Autodesk Inventor, Autodesk Inventor Series, Autodesk Streamline, Autodesk
Mechanical Desktop, Autodesk Architectural Desktop, Autodesk Architectural
Studio, Autodesk Building Systems, Autodesk Revit, Autodesk Land Desktop,
Autodesk Civil Design, Autodesk Survey, Autodesk Civil Series, Autodesk Field
Survey, Autodesk Map and any other Autodesk products that Autodesk may designate
in its sole and absolute discretion during the Term.

1.28 All references in this ASC Agreement to the "sale" of or "selling" or
"purchase" of Software shall mean the sale or purchase of a license to use such
software.

1.29 Vertical Products and Horizontal Products will be collectively referred to
as the Authorized Products.

2.   Appointment.

2.1  Non-exclusive ASC. Autodesk appoints ASC as a non-exclusive reseller (and
on occasion a non-exclusive agent) to, during the Term, market, distribute, and
support only the Authorized Products identified on the Product Requirements
Chart(s) and Exhibit(s) B, solely to End Users within the Authorized Territory,
pursuant to an End User License.

2.2  Retention of Rights by Autodesk. Autodesk reserves the unrestricted right
(a) to market, distribute, and support any Authorized Product(s) worldwide in
any location, including in the Authorized Territory, directly to End Users or
through any other channel, including, but not limited to, original equipment
manufacturers, Channel Partners, distributors, on-line sales or retail outlets,
and (b) to modify, augment, or otherwise change the methods in which Autodesk
markets, distributes, or supports any Authorized Product(s), without any
liability to ASC. Autodesk hereby gives ASC notice that it has reserved all
Autodesk Direct Customers for direct sales from Autodesk or its designated
agents only.

3.   Restrictions.

ASC agrees as follows:

3.1  End User License Terms and NFR's. ASC shall use its best efforts to enforce
the terms of the End User License and to advise Autodesk promptly of any known
breach of the terms of the End User License. ASC shall not distribute copies of
any Authorized Product(s) that are marked "Not for Resale" ("NFR") or otherwise
provided to ASC for demonstration purposes only.

3.2  Restrictions. ASC shall not market, distribute, or support any Authorized
Product(s) to or for any third party other than an End User. ASC expressly
acknowledges and agrees that ASC is not an Autodesk Distribution Partner and
further acknowledges and agrees that the distribution rights granted under
Section 2 may not be construed so as to allow ASC to market or distribute
Authorized Products to any person or entity other than an End User. This
restriction notwithstanding, ASC may permit the financing of any Authorized
Products by an End User through a financial institution approved by Autodesk.
Such financing shall be restricted to a loan arrangement or permitting an End
User to enter into a buy-out lease, provided; however, such financial
institution shall not be an End User and shall have no rights to such product as
a licensee thereof. In any event, this consent shall not be construed to permit
short-term rental of Authorized Products.

3.3  Agency Authorization. This ASC Agreement allows ASC to act as Autodesk's
non-exclusive agent to assist with sales activities to Autodesk Direct Customers
at Autodesk's sole discretion. Unless otherwise directed by

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Autodesk in writing, ASC may only engage in sales activities for Authorized
Products to such Autodesk Direct Customers as Autodesk's agent and may not sell
Authorized Products from its commercial inventory.

(a)  Major Accounts. From time to time Autodesk may allow ASC to act as its
non-exclusive agent in sales to Autodesk Direct Major Account Customers, for the
delivery and support of Autodesk products for which ASC has a current
authorization. ASC may receive a commission based on receipt and approval by
Autodesk of all back up documentation from ASC evidencing its performance of
Value Added Services to the respective major account as outlined in the Major
Account Guide.

(b)  Government. Autodesk has designated DLT Solutions, Inc. ("DLT") as its
Authorized Government Sales Agent. Autodesk shall provide thirty (30) day
written notice to ASC of any change in Autodesk's designated Government Sales
Agent. ASC may receive a commission on orders placed with DLT by government End
Users for which ASC has fulfilled obligations as set forth in the Government
Account Guide.

(c)  Online Store. From time to time Autodesk may allow ASC to act as its
non-exclusive agent in sales to Autodesk direct online store customers, for the
pre and post sale support of Autodesk products in ASC's territory for software
products which ASC has a current authorization. ASC may receive a commission
based on receipt and approvals by Autodesk of all back up documentation from ASC
evidencing its performance of Value Added Services to the respective End User.

3.4  License Acquisition Limitation. ASC shall not purchase, license or
otherwise acquire or attempt to acquire licenses for Authorized Products from
(i) an End User, (ii) an agent acting on behalf of an End User, or (iii) any
person or party other than Autodesk or an Autodesk Authorized Distribution
Partner.

3.5  Unauthorized Acquisition. ASC shall not attempt to upgrade, exchange, or
otherwise procure an economic benefit from any Authorized Product(s) purchased,
licensed, or otherwise acquired from (i) an End User, (ii) an agent acting on
behalf of an End User, or (iii) any person or party other than Autodesk or an
Autodesk Authorized Distribution Partner.

3.6  No Mischaracterization. ASC shall not attempt to mischaracterize an Update,
Bug Fix, Enhancement, or Extension as a stand-alone, fully paid-up license to
the corresponding Authorized Product(s) for the purpose of attempting to
upgrade, exchange, or otherwise procure an economic benefit from such Update,
Bug Fix, Enhancement, or Extension.

3.7  Export Limitations. ASC shall not market, distribute, or support any
Authorized Product(s) (i) to any entity purporting to be an End User but which
is either known to ASC or known to Autodesk and communicated to ASC to have the
intent to, or have attempted to, sublicense such Authorized Product(s) to bona
fide End Users or other third parties, or (ii) to any End User or other third
party who intends to export the Authorized Products, without written
authorization from Autodesk.

3.8  Territory Limitations. ASC shall not attempt to market or distribute
Authorized Product(s) other than in the Authorized Territory as outlined in
Exhibit(s) B, unless authorized by Autodesk in writing. Any advertising,
including but not limited to, trade magazine and Web based advertising, which
will be seen by customers outside of ASC's Authorized Territory, must contain a
disclaimer notifying such customers that ASC may not sell to customers outside
of ASC's Authorized Territory. ASC shall refrain from marketing or promoting, in
any manner, brokering or attempting to broker, solicit or arrange for the sale
of any Authorized Product(s) other than the Authorized Product(s) for which ASC
has been approved in Exhibit(s) B.

3.9  Remedy for Violation. In addition to all other remedies available to
Autodesk at law or in equity or this ASC Agreement, including termination, in
the event that ASC violates any of the provisions of this subsection 3 or the
Autodesk Channel Partner Policies and Procedures, ASC shall pay to Autodesk, as
liquidated damages and not as a penalty, an amount equal to the difference
between the then-current Autodesk suggested retail price and the price ASC
actually paid for the Autodesk software product used, procured or distributed in
contravention of this Section 3 or the sum of $500.00 for each copy of the
Autodesk software product used, procured or distributed in contravention of this
Section 3, whichever is greater. Additionally, ASC shall not be eligible for
Co-op for, at minimum, the

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remainder of the Autodesk fiscal quarter in which the violation occurred (or the
remainder of the Autodesk fiscal quarter in which Autodesk learned of such
violation by ASC) and the subsequent Autodesk fiscal quarter.

3.10 Modifications to Agreement. Lastly, Autodesk reserves the right, in its
sole and exclusive discretion, to amend, supplement, change or discontinue any
part of this ASC Agreement, any exhibits or amendments thereto, on thirty (30)
day notice to ASC. This notice may come in the form of an updated posting to
AACPW.

4.   Agency Commission Recovery. For all agency sale commissions paid pursuant
to this ASC Agreement, in the event the commissioned product or service is
returned or cancelled for any reason Autodesk may recover from the ASC, by means
of a deduction from future commissions, that portion of the commission
attributable, on a straight-line basis, to: (a) in the case of a product or
service with an expiration date, the period from the date of return or
cancellation to the date on which the product or service would have expired; or
(b) for a product with a perpetual license, the period from the date the product
was delivered to ASC by Autodesk to the date the product was returned, assuming
a useful life of twenty-four (24) months for the product. In the event such
agency commission is paid to ASC pursuant to a revenue authorization obligation,
then Autodesk may recover the pro rata portion of such commission which is
attributable on a straight-line basis, for the period from the date of
termination until the date when the revenue would have been fully recognized.

5.   ASC Obligations.

ASC agrees to perform all of the following obligations in good faith:

5.1  Value Added Services. ASC is required to provide Value Added Services
beyond mere product fulfillment to End Users. Value Added Services include, but
are not limited to, assessing each End User's software needs via the telephone
or in person, as further described on AACPW, providing product demonstrations,
recommending the appropriate Authorized Product(s) to an End User based upon End
User's needs and offering pre and post-sales technical support. ASC shall be
required to maintain written records that demonstrate such Value Added Services
were offered for each sale of Authorized Products to an End User. Autodesk
reserves the right to contact End Users to validate that such Value Added
Services were provided and require ASC to provide Autodesk with evidence of
Value Added Services, upon request.

5.2  Minimum Volume Commitment. To be eligible to purchase Authorized Product(s)
directly from Autodesk pursuant to this ASC Agreement, ASC must meet yearly
Vertical Product revenue minimums as outlined in the ASC Requirements Chart set
forth in Exhibit C.

5.3  Vertical Requirement. In order to achieve and maintain ASC status, ASC must
be authorized for and actively carry and market Vertical Product(s).

5.4  Support. ASC must, at minimum, offer support services at the Premier
Support Services Program level as described in the Support Program Requirements
as outlined in Exhibit F.

5.5  Reporting. ASC, at its own expense and in the format requested by Autodesk,
shall provide sell through reports, forecasts and personnel reports pursuant to
the Autodesk Channel Partner Policies and Procedures on a quarterly basis.
Failure to provide any required report may be considered a breach of this ASC
Agreement by Autodesk and shall constitute termination for cause.

5.6  End User Records. As between Autodesk and ASC, Autodesk shall be the
exclusive owner of the End User Records and it shall be treated by ASC as
Autodesk's valuable trade secret. ASC may not use the End User Records for any
reason except promotion, sale and support of the Authorized Products pursuant to
this ASC Agreement without the prior written consent of Autodesk.

5.7  Opt-Out Requirement. In using End User Records for the promotion, sale and
support of the Authorized Products pursuant to this ASC Agreement, ASC shall, at
minimum, utilize the following; (i) an "unsubscribe" or "opt-out" option on
every marketing piece sent to End User regardless of form, (ii) a limitation on
marketing contact with End Users to no more frequently then one time per
calendar month. Additionally, ASC shall comply with any

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and all federal, state, county, and local laws, statutes, ordinances, and
regulations that are related to privacy, customer data and anything thereto
related and shall hereby indemnify Autodesk for any failure of it to do so.

5.8  Product Requirements Chart. Each Authorized Location of ASC shall
continuously comply with the specific requirements ("Product Requirements") set
forth in each Product Requirements Chart and the Product Requirement Sheets, as
amended by Autodesk from time to time in its sole and absolute discretion.

5.9  Minimum Purchase Requirements. ASC agrees to satisfy all Minimum Purchase
Requirements as outlined in Exhibit A.

5.10 Approvals. ASC shall obtain and maintain at its own expense all approvals,
consents, permissions, licenses, and other governmental or other third party
approvals necessary to enable ASC to market, distribute, and support the
software products for which ASC is authorized in accordance with this ASC
Agreement. ASC shall comply with all applicable federal, state, county, and
local laws, statutes, ordinances, and regulations that apply to the activities
of ASC including relevant privacy and piracy laws.

5.11 Marketing Activities. ASC shall use its best efforts to actively market,
promote, and distribute, at ASC's expense, the Authorized Products only within
the Authorized Territory under the terms of this ASC Agreement and the Product
Requirement Sheet(s), applicable Major Account Guide and Government Account
Guide.

5.12 Updates, Bug Fixes, and Enhancements. ASC, at its own expense, shall be
responsible for distribution and support of any Updates and/or Bug Fixes to any
Authorized Product(s) that ASC has sold to an End User promptly after delivery
to ASC of such Update or Bug Fix. Autodesk reserves the right to distribute
Updates, Bug Fixes, and Enhancements to End Users directly or through
alternative channels, including, but not limited to, electronic distribution.
ASC shall promptly notify Autodesk of any defect in any Authorized Product(s)
which is discovered by or reported to ASC.

5.13 Autodesk Channel Partner Policy and Procedures. ASC shall comply with all
terms and conditions of all current Autodesk Channel Partner Policies and
Procedures. Failure to abide by such policies and procedures shall be considered
a breach of this ASC Agreement and shall constitute termination for cause.
Autodesk reserves the right to modify such policies and procedures at anytime by
posting an update to AACPW.

5.14 Fulfillment of Rebate Coupons. From time to time Autodesk may run a
promotion whereby End Users may receive a rebate offer for Authorized Products.
Autodesk appoints ASC as a non-exclusive agent for the fulfillment of rebate
claims ("Rebate Claims") submitted by End Users for the various promotions
("Promotions"). ASC shall pay to an End User who has submitted a Rebate Claim
the specified dollar amount as set forth on the rebate coupon, according to the
terms and conditions stated on the rebate coupon. ASC shall only pay End User
for Rebate Claims that have been received for the Promotions for which ASC has
been authorized by Autodesk. ASC shall pay a rebate to End User only if the
rebate coupons have been completely filled out by the End User, if all required
documentation is attached, and the Rebate Claim was postmarked or received prior
to the expiration date printed on the rebate coupon, unless otherwise instructed
by Autodesk. After submission to Autodesk of all required End User documentation
by ASC, Autodesk shall credit ASC's account for the amount of the rebate coupon.

5.15 ASC's Office. ASC shall maintain an office within a commercial facility
that is suitable to adequately represent Authorized Products and reflect a
professional image to End Users. Such office may not be a home-office. ASC shall
submit to Autodesk photographs of ASC's office along with this ASC Agreement. In
the event that ASC loses its commercial office ASC shall have thirty (30) days
in which to establish a new office as defined above. The establishment of a new
office that is more than five miles from ASC's Authorized location is subject to
written approval by Autodesk.

5.16 Credit Establishment. ASC shall provide Autodesk with all reasonable
financial information, including but not limited to financial statements,
letter(s) of credit, credit reports, federal tax return(s) and any other
documents reasonably requested by Autodesk to allow Autodesk to establish credit
for ASC. ASC may not purchase direct from Autodesk pursuant to this ASC
Agreement until a credit account has been established. Autodesk may cancel or
suspend credit to ASC at any time, in its sole discretion.

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5.17 Updated Financial Statements. ASC shall be required to submit updated
financial statements to Autodesk, within five (5) business days following
Autodesk's request during the term of this ASC Agreement.

5.18 Breach of Obligations. In the event that ASC breaches any of the terms
under this Section 5, in addition to all other remedies available to Autodesk at
law or in equity or pursuant to this ASC Agreement, at Autodesk's sole
discretion, Autodesk may terminate this ASC Agreement.

6.   Audit Rights. In addition to Autodesk's audit rights under Section 5 of
this ASC Agreement, Autodesk, in its sole and absolute discretion, may conduct
an audit of the financial and other records of ASC for the purpose of validating
or augmenting the ASC reports identified in Section 5 above and otherwise
ensuring that ASC is complying with the terms of this ASC Agreement. Autodesk
shall bear the cost of such audit, unless the audit determines that ASC has
underpaid Autodesk by more than five percent (5%) for any Autodesk fiscal
quarter OR unless such audit reveals the ASC is not in compliance with this ASC
Agreement. In the event of an underpayment by ASC, ASC shall pay to Autodesk the
full amount of any underpayment disclosed by such audit, plus interest at the
rate of 1.5% per month or the highest rate allowed by law, whichever is lower,
within five (5) days of Autodesk's notification of such underpayment as well as
bearing the costs of the audit. And in the event a breach of this ASC Agreement
is discovered, ASC shall bear the cost of the audit in addition to all other
rights Autodesk has under this ASC Agreement, at law or in equity.

6.1  Investigations. From time to time Autodesk shall conduct investigations
related to, among other things, alleged piracy and gray market sales. In the
event ASC is found to be involved in any activity Autodesk investigates
hereunder, in addition to all other rights and remedies available to Autodesk
pursuant to this ASC Agreement, at law or in equity, ASC shall reimburse
Autodesk for the costs of such investigation.

7.   Sales Toolkit and Support

7.1  Sales Toolkit. ASC shall purchase from Autodesk at the price of $495.00,
each year this ASC Agreement is in force, one ASC sales toolkit per Authorized
Location that will include one NFR copy of certain Authorized Products and
certain marketing materials as deemed appropriate by Autodesk. Autodesk reserves
the right to distribute Updates, Bug Fixes, and Enhancements to End Users
directly or through alternative channels, including, but not limited to,
electronic distribution.

7.2  Support. Pursuant to the terms and conditions of this ASC Agreement, ASC
will be granted access to all Autodesk self service support tools as made
available on the ASC support portal at www.autodesk.com (or any other site as
designated by Autodesk.) Additionally, ASC shall be entitled to reasonable
e-mail support from Autodesk.

8.   ASC Orders, Payment Terms and Returns

8.1  Purchase of Authorized Products. ASC may procure Authorized Products from
either Autodesk or an Autodesk Authorized Distribution Partner in accordance
with this ASC Agreement, the Authorized Products Requirements Charts and
Exhibit(s) B.

8.2  Prices and Orders. The prices paid by ASC shall be the prices reflected on
the ASC Price List as posted to the AACPW. Autodesk may change prices at any
time effective thirty (30) days after publication of a new ASC Price List or
other similar notice to ASC. Purchase orders must be in writing (including
facsimile, telex, telecopy or electronic communication such as email, but only
if such form of electronic communication has been previously agreed to by
Autodesk) and must request a delivery date during the Term of this ASC
Agreement. Autodesk reserves the right to accept or reject orders, in whole or
in part, and shall make reasonable commercial efforts to advise ASC promptly of
any order rejected hereunder. Upon acceptance by Autodesk, purchase orders shall
be binding as to the products and services ordered and place of delivery, but
not as to any other term appearing on such purchase order. Autodesk reserves the
right to reject any order or to cancel any order previously accepted if Autodesk
determines that ASC is in breach under this ASC Agreement.

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8.3  Taxes. ASC shall be responsible for the collection and payment of all
federal, state, county, or local taxes, fees, and other charges, including all
applicable income and sales taxes, as well as all penalties and interest, with
respect to the Authorized Products.

8.4  Payment. Autodesk shall submit an invoice to ASC upon shipment of an order
or partial order. If Autodesk elects to grant credit to ASC, all invoiced
amounts shall be due and payable net thirty (30) days from the date of invoice.
If ASC fails to pay any invoiced amounts when due, Autodesk may at its sole and
absolute discretion, and in addition to any other remedies available to it at
law or in equity or under this ASC Agreement, revoke or suspend ASC's credit
terms, require further assurances from ASC that such invoiced amounts shall be
paid, require ASC to prepay for all Authorized Products ordered and/or terminate
this ASC Agreement. Overdue amounts shall be subject to a late payment charge of
one and one-half percent (1.5%) per month or the highest rate allowed by law,
whichever is lower. Additionally, any invoice not paid by ASC with in sixty (60)
days shall, in Autodesk's sole and absolute discretion, cause ASC to forfeit any
and all Earnbacks achieved by ASC in the previous fiscal quarter and lose
eligibility for Earnbacks for the current quarter. Additionally, Autodesk may
terminate this ASC Agreement for failure to pay.

8.5  Shipment. Autodesk will ship orders to the address designated in ASC's
purchase order F.O.B. or Free Carrier Autodesk's manufacturing plant, at which
time risk of loss shall pass to ASC. All freight, insurance, customs duties, and
other shipping expenses shall be paid by ASC.

8.6  Software Product Returns. Autodesk shall post any then-current software
product returns policies on the AACPW or any Autodesk site as designated by
Autodesk. Autodesk reserves the right to change, amend or discontinue any
software product returns policies on thirty (30) day notice.

9.   Commissions, Earnbacks and Co-op.

9.1  Commissions. ASC may receive a commission for various activities, provided
that ASC is authorized to sell such products and ASC complies with all terms and
conditions for receiving a commission, as set forth in the then current
documentation (including but not limited to Major Account Program, Autodesk
Online Store Program, Government Program, and relevant information published on
AACPW). The commission structure is set forth in Exhibit D. Autodesk reserves
the right to pay no commissions, or reduced commissions, if ASC fails to
adequately perform the required sales, support and marketing activities as set
forth in the AACPW. Autodesk reserves the right in its sole and absolute
discretion to change the commission structure upon thirty (30) day notice.
Changes to the commission structure shall be posted on AACPW.

9.2  Targets and Earnbacks. In the event ASC achieves its quarterly Target, ASC
shall be eligible to receive Earnbacks. Earnback percentages shall be posted to
AACPW. Earnbacks due shall be credited to ASC's account with Autodesk thirty
(30) days after the last day of the Autodesk fiscal quarter. Targets shall be
assigned to ASC by Autodesk for each quarter. Target attainment shall be based
upon Commercial sales by ASC to End Users of Authorized Products acquired
directly from Autodesk by ASC.

9.3  Co-op. ASC shall receive Co-op pursuant to the Autodesk Co-op Guide which
shall be distributed separately from this ASC Agreement, but which terms are
hereby incorporated by reference. Co-op shall be distributed to ASC as an up
front advance, credited to each order for the Authorized Products. Failure to
comply with the requirements of the Autodesk Co-op Guide shall result in the
loss or reduction of Co-op for the following Autodesk fiscal quarter as set
forth in the Co-op Guide.

10.  Trademarks. During the term of this ASC Agreement, ASC shall have a
nonexclusive, nontransferable right to indicate to the public that it is an
Autodesk Authorized ASC and to advertise the Authorized Products within the
United States under the trademarks and slogans adopted by Autodesk from time to
time ("Trademarks"). ASC's use of the Trademarks in any literature, promotion,
or advertising shall be in accordance with Autodesk guidelines for such usage.
ASC shall not contest, oppose, or challenge Autodesk's ownership of the
Trademarks. All representations of Autodesk Trademarks that ASC intends to use
shall be exact copies of those used by Autodesk, or shall first be submitted to
the appropriate Autodesk personnel for approval of design, color, and other
details, such

                                      E-32

<PAGE>

approval shall not be unreasonably withheld. If any of the Autodesk Trademarks
are to be used in conjunction with another trademark on or in relation to the
Authorized Products, then the Autodesk Trademarks shall be presented equally
legibly, equally prominently, but nevertheless separated from the other so that
each appears to be a trademark in its own right, distinct from the other mark.
All use of the Trademarks shall inure to the sole benefit of Autodesk. Effective
upon the termination of this ASC Agreement, ASC shall immediately cease all
usage of Autodesk Trademarks.

11.  Title and Proprietary Rights. The Authorized Products and other materials
included in or incorporated in the Authorized Products and included on an
Autodesk web site (collectively the "Materials") remain at all times the
property of Autodesk. ASC acknowledges and agrees that Autodesk holds the
copyright to the Materials and, except as expressly provided herein, ASC is not
granted any other right or license to patents, copyrights, trade secrets, or
trademarks with respect to the Materials. ASC shall take all reasonable measures
to protect Autodesk's proprietary rights in the Materials and shall not copy,
use or distribute the Materials, or any derivative thereof, in any manner or for
any purpose, except as expressly authorized in this ASC Agreement. ASC shall not
disassemble, decompile, or reverse-engineer the Materials, including any
Authorized Product(s) source code, or otherwise attempt to discover any Autodesk
trade secret or other proprietary information, or hack, impede, change or
interfere with any Autodesk web site. ASC acknowledges that Autodesk has an
Anti-Piracy Program and ASC agrees to review and follow the Anti-Piracy Program
guidelines as published by Autodesk from time to time. ASC shall notify Autodesk
promptly in writing upon its discovery of any unauthorized use of the Authorized
Products or infringement of Autodesk's patent, copyright, trade secret,
trademark, or other intellectual property rights. ASC shall not distribute any
Authorized Product(s) to any person or entity if ASC is aware that such person
or entity may be involved in potential unauthorized use of the Materials or
other infringement of Autodesk's proprietary rights.

12.  Customer Data. All customer data, including End User Records, is and shall
remain the sole and exclusive property of Autodesk and ASC shall have no right,
title or interest in or to such customer data. All customer data is Autodesk
confidential information. On occasion and at Autodesk's sole discretion, ASC may
have access to Autodesk's customer database. ASC's access to such database shall
be limited to customers with which ASC has a pre-existing business relationship.
In the event that ASC loses its authorization for any Authorized Product(s),
Autodesk reserves the right to provide another Autodesk Authorized Reseller with
access to Autodesk's customer database for the customers to which ASC can no
longer sell such Authorized Product(s). Autodesk does not represent or warrant
to ASC that the information in Autodesk's customer database is current, correct
or complete and Autodesk shall have no liability to ASC for any information
contained in the Autodesk's customer database.

13.  Warranty and Limitations of Warranty. Autodesk makes certain limited
warranties to the End User in the End User License and disclaims all other
warranties. ASC SHALL NOT MAKE ANY WARRANTY OR REPRESENTATION ACTUALLY,
APPARENTLY OR OSTENSIBLY ON BEHALF OF AUTODESK. EXCEPT FOR THE EXPRESS END USER
WARRANTY REFERRED TO HEREIN, AUTODESK MAKES NO OTHER WARRANTIES OR
REPRESENTATIONS, EXPRESS OR IMPLIED, BY STATUTE OR OTHERWISE, REGARDING THE
AUTHORIZED PRODUCTS. AUTODESK EXPRESSLY EXCLUDES ANY IMPLIED WARRANTY OF FITNESS
FOR A PARTICULAR PURPOSE, MERCHANTABILITY OR NONINFRINGEMENT.

14.  Security Interest. As security for ASC's payment of all monetary
obligations to Autodesk, ASC hereby grants to Autodesk a security interest in
all of ASC's inventory purchased from Autodesk ("ASC's Inventory"), all of ASC's
accounts receivable evidencing any obligation to ASC for payment for Authorized
Products sold, and all proceeds of any character, whether cash or non-cash,
arising from the disposition of ASC's Inventory and accounts. ASC agrees to
execute all documents necessary to perfect Autodesk's security interest
described herein upon request by Autodesk.

15.  Indemnity

15.1 Infringement Indemnity by Autodesk. Autodesk shall indemnify, hold
harmless, and defend, at its expense, ASC from any action brought against ASC
which alleges that any Authorized Product(s) infringes a registered United
States patent, copyright, or trade secret, provided that ASC promptly notifies
Autodesk in writing of any claim, gives Autodesk sole control of the defense and
settlement thereof, and provides all reasonable assistance in connection
therewith. If the Authorized Product is finally adjudged to so infringe,
Autodesk, at its exclusive option,

                                      E-33

<PAGE>

(a) shall procure for ASC the right to continue distribution of such Authorized
Product(s); (b) shall modify or replace such Authorized Product(s) with a
noninfringing product; or (c) shall authorize return of the Authorized Products
and terminate this ASC Agreement. Autodesk shall have no liability regarding any
claim (i) arising out of the use of the Authorized Products in combination with
other products, or modification of the Authorized Products, if the infringement
would not have occurred but for such combination, modification, or usage, or
(ii) for use of the Authorized Products which does not comply with the terms of
the End User License or this ASC Agreement. THE FOREGOING STATES ASC'S SOLE AND
EXCLUSIVE REMEDY WITH RESPECT TO CLAIMS OF INFRINGEMENT OF THIRD PARTY
PROPRIETARY RIGHTS OF ANY KIND.

15.2 Indemnity by ASC. ASC agrees to indemnify, hold harmless and defend
Autodesk from any cost, loss, liability, or expense, including court costs and
reasonable fees for attorneys or other professionals, arising out of or
resulting from (a) any claim or demand brought against Autodesk or its
directors, employees, or agents by a third party arising from or in connection
with any breach by ASC of the terms of this ASC Agreement or any End User
License, (b) any action brought by an End User or Autodesk Distribution Partner
except as set forth in Section 15.1 above, (c) any breach by ASC of any
provision of this ASC Agreement including, but not limited to, confidentiality
and trade secrets, or (d) any negligent or willful act or omission by ASC, ASC's
employees, or ASC's sales channel including, but not limited to, any act or
omission that contributes to (i) any bodily injury, sickness, disease, or death;
(ii) any injury or destruction to tangible property or loss of use resulting
there from; or (iii) any violation of any statute, ordinance or regulation
including but not limited to privacy laws.

16.  Limitation of Liability.

Autodesk's Liability. AUTODESK'S ENTIRE CUMULATIVE LIABILITY ARISING OUT OF THIS
ASC AGREEMENT, INCLUDING THE ORDER, DELIVERY OR NON-DELIVERY OF ANY AUTHORIZED
PRODUCT(S), SHALL NOT EXCEED THE GREATER OF: (A) THE AMOUNT PAID TO AUTODESK BY
ASC IN THE SIX (6) MONTHS PRECEDING THE EVENT OR, (B) $500.00, WHICH EVER IS
LESS. IN NO EVENT SHALL AUTODESK BE LIABLE FOR COSTS OF PROCUREMENT OF
SUBSTITUTE GOODS OR SERVICES, OR FOR ANY SPECIAL, CONSEQUENTIAL, INCIDENTAL, OR
INDIRECT DAMAGES ARISING OUT OF THIS ASC AGREEMENT, HOWEVER CAUSED, WHETHER FOR
BREACH OF CONTRACT, TORT, (INCLUDING NEGLIGENCE) OR ANY OTHER LEGAL THEORY, AND
WHETHER OR NOT AUTODESK HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGE.
THESE LIMITATIONS SHALL APPLY NOTWITHSTANDING ANY FUNDAMENTAL BREACH, BREACH OF
A FUNDAMENTAL TERM OR FAILURE OF ESSENTIAL PURPOSE OF ANY LIMITED REMEDY.

17.  Confidentiality

17.1 Confidential Information. As used in this ASC Agreement, confidential
information shall mean any information (a) designated as confidential orally or
in writing by either party hereto, (b) related to any Authorized Product(s), (c)
related to Autodesk's business, or (d) other information received by ASC by
virtue of ASC's relationship with Autodesk including, but not limited to,
product plans, product designs, product costs, product prices, product names,
finances, marketing plans, business opportunities, Autodesk customer data,
personnel, research, development, customer data or know-how ("Confidential
Information").

17.2 Limitations on Disclosure and Use of Confidential Information. Each party
shall exercise reasonable care to prevent the unauthorized disclosure of
Confidential Information by employing no less than the same degree of care
employed by such party to prevent the unauthorized disclosure of its own
Confidential Information. Confidential Information disclosed under this ASC
Agreement shall only be used by the receiving party in the furtherance of this
ASC Agreement or the performance of its obligations hereunder. Neither party
shall disclose the terms of this ASC Agreement to any third party without the
prior written consent of the other, except pursuant to a valid and enforceable
order of a court or government agency.

17.3 Exceptions. Confidential Information does not include information which (a)
is rightfully received by the receiving party from a third party without
restriction or violation of confidentiality, (b) is known to or developed by the
receiving party independently without use of the Confidential Information, (c)
is or becomes generally known to the public by other than a breach of duty
hereunder by the receiving party, or (d) has been approved in advance for
release by written authorization of the non-disclosing party.

                                      E-34

<PAGE>

18.  Term, Termination, and Other Remedies

18.1 Term. This ASC Agreement, when fully executed by the parties, shall begin
on the Effective Date, and shall continue in effect through midnight on January
31, 2004 when it shall then terminate, unless terminated earlier under the
provisions of this ASC Agreement.

18.2 Termination for Breach. Either party may terminate this ASC Agreement upon
thirty (30) days advance written notice if the other party breaches any term or
condition of this ASC Agreement and fails to cure such breach to the reasonable
satisfaction of the non-breaching party within the thirty (30) day written
notice period.

18.3 Breach of Payment Obligations. In the event that ASC breaches any of the
terms of this ASC Agreement, including any payment obligations, at Autodesk's
sole discretion, ASC shall not be eligible for Co-op for the remainder of the
fiscal quarter in which the violation occurred (or the quarter in which Autodesk
discovered the violation) and the subsequent fiscal quarter. In addition,
Autodesk may, in its sole and absolute discretion, terminate this ASC Agreement.

18.4 Termination for Insolvency. Autodesk may immediately terminate this ASC
Agreement with or without notice if ASC becomes insolvent, or the subject of a
voluntary or involuntary petition in bankruptcy or any proceeding relating to
insolvency, receivership, liquidation, or assignment for the benefit of
creditors, if that proceeding is not dismissed with prejudice within sixty (60)
days after filing. In addition to the foregoing, in the event ASC either
voluntarily files for protection against its creditors under the United States
Bankruptcy Code or is the subject of an involuntary petition in bankruptcy, ASC
agrees that Autodesk shall be entitled to all rights to retain the benefits of
this ASC Agreement which are set forth in 11 U.S.C. 365(n). No right granted to
Autodesk under 11 U.S.C. 365(n) shall be deemed to have been waived either
expressly or by implication without a written agreement confirming such waiver.

18.5 Termination for Customer Dissatisfaction. In consideration for its
authorization, Autodesk is relying upon ASC to behave in a professional and
upstanding manner in its relationship with all End Users. Failure to attain a
high level of customer satisfaction shall be considered a material breach of
this ASC Agreement, and Autodesk reserves the right to terminate this ASC
Agreement in the event that Autodesk receives customer dissatisfaction
complaints from an End User, regarding ASC.

18.6 Termination for Failure to Meet Minimum Purchase Requirements

(a) Purchase Requirements. Failure by ASC to achieve the Purchase Requirements
may result in the termination of this ASC Agreement or the applicable Autodesk
Product authorization by Autodesk, in its sole discretion.

18.7 Breach of Other Agreements with Autodesk. In the event ASC has any other
current agreements of any other type with Autodesk ("Other Autodesk Agreement"),
the breach of any term of any such Other Autodesk Agreement may, at Autodesk's
option, be deemed a breach of this ASC Agreement and shall permit Autodesk to
terminate this ASC Agreement in the same manner as if a breach of the terms of
this ASC Agreement had occurred. Any alleged breach by Autodesk of any Other
Autodesk Agreement shall not be deemed a breach of this ASC Agreement by
Autodesk and shall not constitute cause for termination by ASC or support an
allegation by ASC of damages under this ASC Agreement.

18.8 Breach of Product Requirements Chart, Suspension of Product Authorization
and Partial Termination. Autodesk, at its sole discretion, may exercise its
termination rights or suspension of product authorization under this Section 18
solely with respect to the Product Requirements Chart, Authorized Locations,
Authorized Territories, or Authorized Products, or with respect to any Other
Autodesk Agreement, which partial termination shall not affect this ASC
Agreement's application to the remaining Product Requirements Chart, Authorized
Locations, Authorized Territories, or Authorized Products, or affect any
remaining part of any Other Autodesk Agreement.

                                      E-35

<PAGE>

18.9  De-authorization of ASC Status. ASC's status as an ASC and/or ASC's
authorization to distribute and market the software products may be terminated
independently on a product by product basis, or as a part of this ASC Agreement.

18.10 Termination for Convenience. Either party may terminate this ASC Agreement
for any or no reason, upon sixty (60) days advance written notice to other
party.

18.11 Effect of Termination

(a) Monies Due and Payable. Notwithstanding any credit terms previously
established with ASC or any other provision of this ASC Agreement, upon notice
of termination of this ASC Agreement, all monies owed by ASC to Autodesk shall
become immediately due and payable. Overdue amounts shall be subject to a late
payment charge of one and one-half percent (1.5%) per month, or the maximum
amount allowed by law, whichever is less.

(b) Fulfillment of ASC Orders. Upon delivery of notice of a breach or notice of
termination of this ASC Agreement, Autodesk shall not be obligated to fulfill
any orders by ASC. Additionally, Autodesk shall not be obligated to fulfill any
orders received by Autodesk subsequent to the effective date of termination. In
Autodesk's sole discretion, Autodesk may continue to fulfill orders provided
that ASC (i) submits prepayments for any such order and (ii) pays all
outstanding obligations to Autodesk prior to any shipment by Autodesk.

(c) Return or Depletion of Inventory. Subject to the limitations set forth
below, upon termination, Autodesk, at its sole discretion, may either (i)
repurchase all or any part of ASC's inventory of Authorized Products at the
price paid by ASC to Autodesk and/or (ii) allow ASC to continue to distribute
those Authorized Products in inventory until the inventory is depleted, subject
to the terms and conditions set forth in this ASC Agreement and whatever
additional terms and conditions may be imposed by Autodesk in its sole and
absolute discretion. Except as expressly set forth above, under no circumstances
shall ASC be entitled to a refund for all or any portion of the Authorized
Products in ASC's inventory.

(d) Return of Materials. Within thirty (30) days after the termination of this
ASC Agreement, ASC shall return to Autodesk, at its sole expense, all Autodesk
Confidential Information, data, photographs, samples, literature and sales aids,
and any other property of Autodesk then in ASC's possession.

18.12 Attorneys' Fees for Collections. In any action brought by Autodesk to
collect monies due under this ASC Agreement, Autodesk shall be entitled to
recover all costs and attorneys' fees incurred in maintaining such action.

18.13 No Termination Compensation. Except as expressly set forth herein, the
parties expressly agree that no damages, indemnity or termination benefits
whatsoever (including without limitation, any compensation for goodwill
established by ASC during the term of this ASC Agreement or for any lost profits
or expenses of ASC) shall be due or payable to ASC by reason of any termination
of this ASC Agreement in accordance with its terms, and ASC expressly waives the
application of any statute, law or custom to the contrary.

18.14 Other Remedies. In addition to the right to terminate this ASC Agreement,
Autodesk reserves all rights and remedies available to Autodesk at law or in
equity, including the right to seek damages and injunctive relief for breach or
threatened breach of this ASC Agreement by ASC.

18.15 Reapplication Post Termination. In the Event this ASC Agreement is
terminated or ASC loses one or more product authorizations for any reason, ASC
may not reapply for any Autodesk Channel Partner program, including any then
existing ASC program, for a minimum of six (6) months after the effective date
of the termination. Nothing herein shall require Autodesk to consider ASC for
any Autodesk Channel Partner program.

18.16 Surviving Provisions. The terms and conditions, which by their nature
should survive, shall survive and continue after termination of this ASC
Agreement.

19.    General Provisions

                                      E-36

<PAGE>

19.1  Assignment. ASC acknowledges that Autodesk is relying upon ASC's
reputation, business standing, and goodwill under ASC's present ownership in
entering into this ASC Agreement. Accordingly, ASC agrees that its rights and
obligations under this ASC Agreement may not be transferred or assigned and its
duties may not be delegated directly or indirectly without the prior written
consent of Autodesk in its sole and absolute discretion. ASC shall notify
Autodesk promptly in writing of any change of ownership of ASC or of any sale of
all or substantially all of ASC's assets. ASC acknowledges that any change of
ownership, sale of all or substantially all of ASC's assets, or attempted
assignment by ASC of this ASC Agreement, or any part thereof, without Autodesk's
prior written consent may result in immediate termination of this ASC Agreement
by Autodesk. Autodesk may assign or otherwise transfer its rights and
obligations to successors-in-interest (whether by purchase of stock or assets,
merger, operation of law, or otherwise) of that portion of its business related
to the subject matter hereof. Subject to the restrictions set forth in this
Section 19.1, all of the terms and conditions of this ASC Agreement shall be
binding upon, inure to the benefit of, and be enforceable by the respective
successors and permitted assigns of the parties hereto.

19.2  Dispute Resolution

(a) The parties will attempt in good faith to promptly resolve any controversy
or claim arising out of or relating to this ASC Agreement through negotiations
between the parties before resorting to other remedies available to them. Any
such dispute shall be referred to appropriate senior executives of each party
who shall have the authority to resolve the matter. If the senior executives are
unable to resolve the dispute, the parties may by agreement refer the matter to
an appropriate forum of alternative dispute resolution ranging from mediation to
arbitration. If the parties cannot resolve the matter or if they cannot agree
upon an alternative form of dispute resolution, then either party may pursue
resolution of the matter through litigation pursuant to section 19 herein.

(b) The forgoing shall not apply to a dispute or controversy involving either
party's Confidential Information or intellectual property. In the event of such
a dispute or controversy, either may immediately seek any legal and/or equitable
remedies it deems necessary.

19.3  Venue/Choice of Law. This ASC Agreement shall be construed in accordance
with the laws of the State of California (excluding rules regarding conflicts of
law) and the United States of America. The parties hereby submit to the
exclusive personal jurisdiction of and venue in the Superior Court of the State
of California, County of Marin or County of Santa Clara, and the United States
District Court for the Northern District of California in San Francisco.

19.4  Publicity. ASC may not issue any press release or any other public
announcement regarding this ASC Agreement or any aspect of its relationship with
Autodesk without the prior written consent of Autodesk, which may be withheld in
its sole discretion. Additionally, ASC is prohibited from utilizing the Autodesk
stock ticker ("ADSK") in any press release or other public announcement unless
such release is a joint release with Autodesk or Autodesk otherwise permits
same, for each single release, in writing in advance.

19.5  Notices. Any notices required under the terms of this ASC Agreement will
be given in writing either (a) to the persons at the addresses set forth below,
or to such other address as either party may substitute by written notice to the
other in the manner contemplated herein, and will be deemed served when received
by Autodesk from ASC or when sent to ASC by Autodesk, or (b) by facsimile, and
will be deemed served when received by Autodesk from ASC or when sent to ASC by
Autodesk.

If to Autodesk:       Autodesk, Inc.
                      111 McInnis Parkway
                      San Rafael, California 94903
                      Attn: General Counsel
                      Facsimile: (415) 507-6126

If to ASC, to the address and facsimile number identified on the first page of
this ASC Agreement. Additionally, Autodesk may notify ASC of any changes by
posting such changes to AACPW.

                                      E-37

<PAGE>

19.6  Independent Contractors. In performing their respective duties under this
ASC Agreement, each of the parties will be operating as an independent
contractor. Nothing contained herein will in any way constitute any association,
partnership, or joint venture between the parties hereto, or be construed to
evidence the intention of the parties to establish any such relationship.
Neither of the parties will hold itself out in any manner that would be contrary
to the provisions of this Section 19.6.

19.7  Entire Agreement. This document, together with its exhibits, contains the
entire agreement and understanding between ASC and Autodesk concerning the
subject matter of this ASC Agreement including, but not limited to, its duration
and manner of expiration, termination, and Autodesk's sole and absolute
discretion in determining to offer, or accept any extension of this ASC
Agreement. This document supercedes all prior communications, discussions,
negotiations, proposed agreements and all other agreements, whether written or
oral, excepting solely all prior confidentiality and nondisclosure agreements to
the extent they are not expressly superceded by this ASC Agreement. Autodesk has
not made and ASC has not relied upon any representations not expressly set forth
in this document in making this ASC Agreement. This ASC Agreement may be amended
or interpreted only by a writing signed both by authorized individuals for
Autodesk and ASC. It is the express intent of the parties that this ASC
Agreement and any amendment thereto shall be interpreted solely by reference to
their written terms. Any handwritten or typed changes to this ASC Agreement must
be initialed by both parties in order to become effective.

19.8  Severability. In the event that it is determined by a court of competent
jurisdiction as a part of a final non-appealable judgment that any provision of
this ASC Agreement or part thereof is invalid, illegal, or otherwise
unenforceable, such provision will be enforced or reformed as nearly as possible
in accordance with the stated intention of the parties, while the remainder of
this ASC Agreement will remain in full force and effect.

19.9  Construction. This ASC Agreement has been negotiated by the parties and
their respective counsel. This ASC Agreement will be interpreted in accordance
with its terms and without any strict construction against either party.
Ambiguity will not be interpreted against the drafting party.

19.10 Counterparts. This ASC Agreement may be executed in separate counterparts
and shall become effective when the separate counterparts have been exchanged
between the parties.

19.11 Force Majeure. Except for the failure to make payments, neither party will
be liable for any loss, damage or penalty resulting from delays or failures in
performance resulting from acts of God, supplier delay or other causes beyond
the non-performing party's reasonable control and not caused by the negligence
of the non-performing party, provided that the non-performing party promptly
notifies the other party of the delay and the cause thereof and promptly resumes
performance as soon as it is possible to do so.

19.12 Waiver. The waiver of any breach or default will not constitute a waiver
of any other right in this ASC Agreement or any subsequent breach or default. No
waiver shall be effective unless in writing and signed by an authorized
representative of the party to be bound. Failure to pursue, or delay in
pursuing, any remedy for a breach shall not constitute a waiver of such breach.

         The undersigned are duly authorized to execute this ASC Agreement on
behalf of their respective parties.

AUTODESK, INC.                                 ASC

By:__________________________________          By:______________________________

_____________________________________          _________________________________
            Printed Name                                   Printed Name

  Vice President, Channel Americas
-------------------------------------          _________________________________
             Title                                            Title

_____________________________________          _________________________________
              Date                                             Date

                                      E-38<PAGE>

                                  EXHIBIT 10.1

                              EMPLOYMENT AGREEMENT

         THIS EMPLOYMENT AGREEMENT (the "Agreement") is made as of the ____ day
of January, 2003, between Chesapeake Bank of Maryland (the "Bank"), a capital
stock federal savings bank chartered by the United States, and Banks of the
Chesapeake, Inc. (the "Company"), the holding company of the Bank (the Bank and
the Company collectively, the "Employer"), and R. THOMAS JEFFERSON, a resident
of the State of Maryland (the "Employee").

                                    RECITALS:

         The Employer desires to employ the Employee as the President and Chief
Executive Officer of the Employer and the Employee desires to accept such
employment.

         In consideration of the above premises and the mutual agreements
hereinafter set forth, the parties hereby agree as follows:

1.       DEFINITIONS. Whenever used in this Agreement, the following terms and
their variant forms will have the meaning set forth below:

         1.1   "Agreement" means this Agreement and any exhibits incorporated
herein together with any amendments hereto made in the manner described in this
Agreement.

         1.2   "Affiliate" means any business entity which controls the
Employer, is controlled by or is under common control with the Employer.

         1.3   "Area" means the geographic area within a radius of 20 miles of
any office or facility maintained by the Employer. It is the express intent of
the parties that the Area as defined herein is the area where the Employee
performs or performed services on behalf of the Employer under this Agreement as
of, or within a reasonable time prior to, the termination of the Employee's
employment hereunder.

         1.4   "Board" means the board of directors of the Bank.

         1.5   "Business of the Employer" means the business conducted by the
Employer, which is community banking.

         1.6   "Cause" means, any of the following events or conduct preceding a
termination of employment initiated by the Employer:

               (a)   any act that constitutes, on the part of the Employee,
         fraud or dishonesty toward the Employer;

               (b)   the conviction of the Employee of a felony or crime
         involving moral turpitude;

<PAGE>

               (c)   the Employee's entering into any transaction or contractual
         relationship with, or diversion of business opportunity from, the
         Employer (other than on behalf of the Employer or with the prior
         written consent of the Board); provided, however, that in the case of
         this Clause (c), such conduct will not constitute Cause unless the
         Board delivers to the Employee notice setting forth (1) the conduct
         deemed to qualify as Cause, (2) reasonable remedial action that might
         remedy such objection, and (3) a reasonable time (not less than thirty
         (30) days) within which the Employee may take such remedial action, and
         the Employee has not taken the specified remedial action with the
         specified reasonable time;

               (d)   the Employee breaches the covenants contained in Sections
         6, 7 or 8 hereof;

               (e)   conduct by the Employee that results in removal from the
         Employee's position as an officer or employee of the Employer pursuant
         to a written order by any regulatory agency with authority or
         jurisdiction over the Employer; or

         1.7   "Company Information" means Confidential Information and Trade
Secrets.

         1.8   "Confidential Information" means data and information relating to
the business of the Employer (which does not rise to the status of a Trade
Secret) which is or has been disclosed to the Employee or of which the Employee
became aware as a consequence of or through the Employee's relationship to the
Employer and which has value to the Employer and is not generally known to its
competitors. Confidential Information does not include any data or information
that has been voluntarily disclosed to the public by the Employer (except where
such public disclosure has been made by the Employee without authorization) or
that has been independently developed and disclosed by others, or that otherwise
enters the public domain through lawful means.

         1.9   "Change in Control" means any one of the following events first
to occur after the completion of the initial public offering of the common stock
of the Company:

               (a)   the acquisition by any person or persons acting in concert
         of the then outstanding voting securities of either the Bank or the
         Company, if, after the transaction, the acquiring person (or persons)
         owns, controls or holds with power to vote twenty-five percent (25%) or
         more of any class of voting securities of the Bank or the Company, as
         the case may be, or such other transaction as may be described under 12
         C.F.R. Section 225.41(b)(1) or any successor thereto;

               (b)   within any twelve-month period (beginning on or after the
         Effective Date) the persons who were directors of either the Bank or
         the Company immediately before the beginning of such twelve-month
         period (the "Incumbent Directors") cease to constitute at least a
         majority of such board of directors; provided that any director who was
         not a director as of the Effective Date will be deemed to be an
         Incumbent Director if that director was elected to such board of
         directors by, or on the recommendation of or with the approval of, at
         least two-thirds of the directors who then qualified as Incumbent
         Directors;

                                       2

<PAGE>

               (c)   the approval by the stockholders of either the Bank or the
         Company of a reorganization, merger or consolidation, with respect to
         which persons who were the stockholders of either the Bank or the
         Company, as the case may be, immediately prior to such reorganization,
         merger or consolidation do not, immediately thereafter, own more than
         fifty percent (50%) of the combined voting power entitled to vote in
         the election of directors of the reorganized, merged or consolidated
         company's then outstanding voting securities; or

               (d)   the sale, transfer or assignment of all or substantially
         all of the assets of the Company or the Bank to any third party.

         1.10  "Effective Date" means _____ __, 200__.

         1.11  "Good Reason" means, any of the following events or conduct
preceding a termination of employment initiated by the Employee:

               (a)   a material diminution in the powers, responsibilities or
         duties of the Employee hereunder or a material change as to whom
         Employee reports and who reports to Employee;

               (b)   the failure of the Board to elect the Employee as the
         President and Chief Executive Officer of the Bank and the Company;

               (c)   a material breach of the terms of this Agreement by the
         Employer;

               (d)   the failure of the Board to nominate the Employee for
         re-election following expiration of each of the Employee's terms of
         service on the Board that arises during the Term (as defined below);

               (e)   a change in the location of the principal office of
         Employee more than thirty five (35) miles from its existing location.

provided, however, that no termination of employment which is triggered by any
conduct or event described in this Section 1.11 shall not constitute a
termination of employment for Good Reason unless the Employee has first provided
the Employer with the opportunity to cure the event or conduct by giving the
Employer a written notice describing in sufficient detail the Employee's belief
that a Good Reason exists and the Employee defers resigning until the expiration
of a thirty (30) day cure period, beginning with the date such notice is
received by the Employer.

         1.12  "Permanent Disability" means the total inability of the Employee
to perform the Employee's duties under this Agreement for a period of ninety
(90) consecutive days as certified by a physician chosen by the Employer and
reasonably acceptable to the Employee.

         1.13  "Trade Secrets" means information including, but not limited to,
technical or nontechnical data, formulas, patterns, compilations, programs,
devices, methods, techniques,

                                       3

<PAGE>

drawings, processes, financial data, financial plans, product plans or lists of
actual or potential customers or suppliers which:

               (a)   derives economic value, actual or potential, from not being
         generally known to, and not being readily ascertainable by proper means
         by, other persons who can obtain economic value from its disclosure or
         use; and

               (b)   is the subject of efforts that are reasonable under the
         circumstances to maintain its secrecy.

2.       DUTIES.

         2.1   The Employee is employed as the President and Chief Executive
Officer of the Bank and the Company, subject to the direction of the Board or
its designee, must perform and discharge well and faithfully the duties which
may be assigned to him from time to time by the Employer in connection with the
conduct of its business. The duties and responsibilities of the Employee are set
forth on Exhibit A attached hereto.

         2.2   In addition to the duties and responsibilities specifically
assigned to the Employee pursuant to Section 2.1 hereof, the Employee must:

               (a)   devote substantially all of the Employee's time, energy and
         skill during regular business hours to the performance of the duties of
         the Employee's employment (reasonable vacations and reasonable absences
         due to illness excepted) and faithfully and industriously perform such
         duties;

               (b)   diligently follow and implement all management policies and
         decisions communicated to him by the Board; and

               (c)   timely prepare and forward to the Board all reports and
         accounting as may be requested of the Employee.

         2.3   The Employee must devote the Employee's entire business, time,
attention and energies to the Business of the Employer and must not during the
Term of this Agreement be engaged (whether or not during normal business hours)
in any other business or professional activity, whether or not such activity is
pursued for gain, profit or other pecuniary advantage; but this will not be
construed as preventing the Employee from:

               (a)   investing the Employee's personal assets in businesses
         which are not in competition with the Business of the Employer and
         which will not require any services on the part of the Employee in
         their operation or affairs and in which the Employee's participation is
         solely that of an investor;

               (b)   purchasing securities in any corporation whose securities
         are regularly traded provided that such purchase will not result in him
         collectively owning beneficially at any time five percent (5%) or more
         of the equity securities of any business in competition with the
         Business of the Employer; and

                                       4

<PAGE>

               (c)   participating in civic and professional affairs and
         organizations and conferences, preparing or publishing papers or books
         or teaching so long as the Board approves of such activities prior to
         the Employee's engaging in them.

         2.4   Directorship. Employee will also be appointed to and serve as a
member of the Board of Directors of the Bank.

3.       TERM AND TERMINATION.

         3.1   Term. The term of this Agreement will initially be set at three
(3) years commencing on the date hereof and will automatically renew each day
after the date hereof so that the term of this Agreement remains a three (3)
year term; provided however that the automatic renewals as set forth in this
paragraph 3.1 may be terminated by either party hereto giving notice to the
other party of such termination, in which event, the term will end on the third
anniversary of the thirtieth (30th) day following the date the written notice is
received (as so calculated, the "Term").

         3.2   Termination. The employment of the Employee under this Agreement
may be terminated prior to the expiration of the Term only as follows, subject
to the conditions set forth below:

               3.2.1   By the Employer:

                       (a)   for Cause at any time, upon written notice to the
               Employee, in which event the Employer will have no further
               obligation to the Employee except for the payment of any amounts
               due and owing under Section 4 on the effective date of the
               termination; or

                       (b)   without Cause or upon the Permanent Disability of
               Employee at any time, provided that the Employer gives the
               Employee sixty (60) days' prior written notice of its intent to
               terminate, in which event the Employer will be required to make
               the termination payments under Section 3.7.

               3.2.2   By the Employee:

                       (a)   for Good Reason at any time, in which event the
               Employer will be required to make the termination payments under
               Section 3.7; or

                       (b)   without Good Reason or upon the Permanent
               Disability of the Employee, provided that the Employee gives the
               Employer sixty (60) days' prior written notice of the Employee's
               intent to terminate, in which event the Employer will have no
               further obligation to the Employee except for future payment of
               any amounts due and owing under Section 4 on the effective date
               of the termination.

               3.2.3   By the Employee:

                       (a)   within six (6) months following a Change in
               Control; provided that the Employee gives at least thirty (30)
               days' prior written notice to the Employer of

                                       5

<PAGE>

               the Employee's intention to terminate this Agreement with such
               resignation to be effective immediately, in which event the
               Employer will be required to make a termination payment under
               Section 3.7; or

                       (b)   prior to the date on which a Change in Control
               occurs if the Employee can demonstrate that a third party has
               taken steps reasonably calculated to effect a Change in Control
               or in connection with or anticipation of a Change in Control, in
               which event the Employer will be required to make a termination
               payment under Section 3.7.

               3.2.4   At any time upon mutual, written agreement of the
               parties, in which event the Employer will have no further
               obligation to the Employee except for the payment of any amounts
               due and owing under Section 4 on the effective date of
               termination unless otherwise set forth in the written agreement.

               3.2.5   Immediately upon the Employee's death, in which event the
               Employer will have no further obligation to the Employee except
               for the payment of any amounts due and owing under Section 4 on
               the effective date of termination.

         3.3   Effect of Termination. Termination of the employment of the
Employee pursuant to Section 3.2 will be without prejudice to any right or claim
which may have previously accrued to either the Employer or the Employee
hereunder and will not terminate, alter, supersede or otherwise affect the terms
and covenants and the rights and duties prescribed in this Agreement.

         3.4   Suspension With Pay. Nothing contained herein will preclude the
Employer from releasing the Employee of the Employee's normal duties and
suspending Employee, with pay, during the pendency of any investigation or
examination to determine whether or not Cause exists for termination of
employee.

         3.5   Suspension Without Pay. If Employee is suspended and/or
temporarily prohibited from participating in the conduct of the Employer's
affairs by a notice served under Section 8(e)(3) or (g)(1) of the Federal
Deposit Insurance Act, the Employer's obligations under this Agreement will be
suspended as of the date of service thereof, unless stayed by appropriate
proceedings. If the charges in such notice are dismissed, the Employer may in
its discretion:

               (a)   pay Employee all or part of the compensation withheld while
         its contract obligations were suspended; and/or

               (b)   reinstate (in whole or in part) any of its obligations
         which were suspended.

         3.6   Other Regulatory Requirements. If the Bank is in default, as
defined in Section (3)(x)(1) of the Federal Deposit Insurance Act, all
obligations under this Agreement will terminate as the date of such default, but
no vested rights of the Employee will be affected. Further, all obligations
under this Agreement will be terminated, except, to the extent determined that
continuation of the Agreement is necessary for the continued operation of the
Bank:

                                       6

<PAGE>

               (a)   by the Director of the Office of Thrift Supervision (the
         "Director") or his or her designee, at the time the FDIC enters into an
         agreement to provide assistance to or on behalf of the Bank under the
         authority of the Federal Deposit Insurance Act; or

               (b)   by the Director or his or her designee, at the time the
         Director or his or her designee approves a supervisory merger to
         resolve problems relating to the operation of the Bank or when the Bank
         is determined by the Director to be in an unsafe or unsound condition.

         3.7   Termination Payments. In the event this Agreement is terminated
by the Employer pursuant to Section 3.2.1(b) or by the Employee pursuant to
Section 3.2.2(a) and a Change in Control has not occurred, then commencing with
the first payroll date immediately following the effective date of such
termination, the Employer will pay to the Employee as severance pay and
liquidated damages an amount equal to the Average Annual Compensation (as
defined below) for a period equal to the remaining Term. In the event a Change
in Control has occurred or in anticipation thereof and this Agreement is
terminated by Employer or by Employee pursuant to Section 3.2.3, the Employee
shall be entitled to a lump sum payment equal to the excess of (a) 2.99 times
his Average Annual Compensation over (b) the aggregate present value, as
determined for federal income tax purposes, of all other payments to the
Employee in the nature of compensation that are treated for federal income tax
purposes as contingent on the Change in Control, and shall be paid such lump sum
payment by Employer within 24 hours of the effective date of termination of this
Agreement. As used herein, the term "Average Annual Compensation" means the
Employee's average annual taxable compensation paid by the Employer during the
most recent five (5) taxable years ending before the date the Change in Control
occurs (or such portion of such period during which the Employee was employed by
the Employer.

         Notwithstanding any other provisions to this Agreement to the contrary,
if the aggregate of the payments provided for in this Agreement and other
payments and benefits which the Employee has the right to receive from the
Employer (the "Total Payments") would constitute a "parachute payment," as
defined in Section 280G(b)(2) of the Internal Revenue Code, the Employee shall
receive the Total Payments unless (a) the after-tax amount that would be
retained by the Employee (after taking into account all federal, state and local
income taxes payable by the Employee and the amount of any excise taxes payable
by the Employee under Section 4999 of the Internal Revenue Code that would be
payable by the Employee (the "Excise Taxes")) if the Employee were to receive
the Total Payments has an aggregate value less than (b) the after-tax amount
that would be retained by the Employee (after taking into account all federal,
state and local income taxes payable by the Employee) if the Employee were to
receive the Total Payments reduced to the largest amount as would result in no
portion of the Total Payments being subject to Excise Taxes (the "Reduced
Payments"), in which case the Employee shall be entitled only to the Reduced
Payments. If the Employee is to receive the Reduced Payments, the Employee shall
be entitled to determine which of the Total Payments, and the relative portions
of each, are to be reduced.

                                       7

<PAGE>

4.       COMPENSATION AND BENEFITS.

         4.1   Compensation. The Employee will receive the following salary and
benefits:

               (a)   Base Salary. During the Term, the Employee will receive a
         base salary at the rate of $160,000 per annum, payable in substantially
         equal installments in accordance with the Bank's regular payroll
         practices ("Base Salary"). The Employee's Base Salary will be reviewed
         by the Board annually, and the Employee will be entitled to receive
         annually an increase in such amount, if any, as may be determined by
         the Board.

               (b)   Incentive Compensation.

                     (i)    In addition to Employee's Base Salary under Section
               4.1(a), within ninety (90) days following the end of each fiscal
               year of the Employer's operations, the Employer will pay the
               Employee a bonus as determined each year by the Compensation
               Committee of the Board provided certain performance criteria (to
               be determined annually by the Board) are satisfied.

                     (ii)   The Employee will also be entitled to participate in
               such other bonus, incentive and other executive compensation
               programs as are made available to senior management of the
               Employer from time to time.

         The bonus amounts which may be payable to the Employee pursuant to this
Section 4.1(b) is referred to herein as "Incentive Compensation".

         4.2   Compensation as a Director. The Employee will be compensated for
attendance at regular and special Board meetings at the rate established for
Board members.

         4.3   Automobile. The Bank will make available to the Employee an
automobile equivalent in value to the vehicle provided to Employee immediately
prior to the date of this Agreement to be utilized by Employee for business and
personal use as is customary for heads of financial institutions in the Area.

         4.4   Business Expenses; Memberships. The Employer specifically agrees
to reimburse the Employee for (a) reasonable business (including travel)
expenses incurred by the Employee in the performance of the Employee's duties
hereunder, as approved from time to time by the Board, and (b) the dues and
business related expenditures, including initiation fees, associated with
membership in a country club and in professional associations which are
commensurate with the Employee's position; provided, however, that the Employee
must, as a condition of reimbursement, submit verification of the nature and
amount of such expenses in accordance with reimbursement policies from time to
time adopted by the Employer and in sufficient detail to comply with rules and
regulations promulgated by the Internal Revenue Service.

         4.5   Vacation. On a non-cumulative basis the Employee will be entitled
to vacation in each year of this Agreement in accordance with the Bank's
vacation policy as then in effect, during which the Employee's Base Salary will
be paid in full.

                                       8

<PAGE>

         4.6   Benefits. In addition to the Base Salary and Incentive
Compensation, the Employee will be entitled to such benefits as may be available
from time to time for executives of the Employer similarly situated to the
Employee. All such benefits will be awarded and administered in accordance with
the Employer's standard policies and practices. Such benefits may include, by
way of example only, profit-sharing plans, retirement, life and disability
insurance benefits and such other benefits as the Employer deems appropriate.

         4.7   Withholding. The Employer may deduct from each payment of
compensation hereunder all amounts required to be deducted and withheld in
accordance with applicable federal and state income, FICA and other withholding
requirements.

5.       COMPANY INFORMATION.

         5.1   Ownership of Information. All Company Information received or
developed by the Employee while employed by the Employer will remain the sole
and exclusive property of the Employer.

         5.2   Obligations of the Employee. The Employee agrees (a) to hold
Company Information in strictest confidence, and (b) not to use, duplicate,
reproduce, distribute, disclose or otherwise disseminate Company Information or
any physical embodiments thereof and may in no event take any action causing or
fail to take any action necessary in order to prevent any Company Information
from losing its character or ceasing to qualify as Confidential Information or a
Trade Secret. In the event that the Employee is required by law to disclose any
Company Information, the Employee will not make such disclosure unless (and then
only to the extent that) the Employee has been advised by the Company's legal
counsel that such disclosure is required by law and then only after prior
written notice is given to the Employer when the Employee becomes aware that
such disclosure has been requested and is required by law. This Section 5 will
survive the termination of this Agreement with respect to Confidential
Information for so long as it remains Confidential Information, but for no
longer than three (3) years following termination of this Agreement, and this
Section 5 will survive termination of this Agreement with respect to Trade
Secrets for so long as is permitted by the then-current Maryland Trade Secrets
Act.

         5.3   Delivery upon Request or Termination. Upon request by the
Employer, and in any event upon termination of employment with the Employer, the
Employee will promptly deliver to the Employer all property belonging to the
Employer, including without limitation, all Company Information then in the
Employee's possession or control.

6.       NON-COMPETITION. The Employee agrees that during the Term hereunder
and, in the event of the Employee's termination of employment for any reason,
thereafter for a period equal to the greater of (a) six (6) months; or (b) the
period during which the Employee is to be paid monthly termination payments, if
any, in accordance with Section 3.7 hereof, the Employee will not (except on
behalf of or with the prior written consent of the Employer), within the Area,
either directly or indirectly, on the Employee's own behalf or in the service or
on behalf of others, as a principal, partner, officer, director, manager,
supervisor, administrator, consultant, executive employee or in any other
capacity which involves duties and responsibilities similar to

                                       9

<PAGE>

those undertaken for the Employer, engage in any business which is the same as
or essentially the same as the Business of the Employer.

7.       NON-SOLICITATION OF CUSTOMERS. The Employee agrees that during the Term
hereunder and, in the event of the Employee's termination of employment for any
reason, thereafter for a period equal to the greater of (a) twelve (12) months;
or (b) the period during which the Employee is to be paid monthly termination
payments, if any, in accordance with Section 3.7 hereof, the Employee will not
(except on behalf of or with the prior written consent of the Employer), within
the Area, on the Employee's own behalf or in the service or on behalf of others,
solicit, divert or appropriate or attempt to solicit, divert or appropriate,
directly or by assisting others, any business from any of the Employer's
customers, including actively sought prospective customers, with whom the
Employee has or had material contact during the last two (2) years of the
Employee's employment, for purposes of providing products or services that are
competitive with those provided by the Employer.

8.       NON-SOLICITATION OF EMPLOYEES. The Employee agrees that during the Term
hereunder and, in the event of the Employee's termination of employment for any
reason, thereafter for a period equal to the greater of (a) twelve (12) months;
or (b) the period during which the Employee is to be paid monthly termination
payments, if any, in accordance with Section 3.7 hereof, the Employee will not,
except for Employee's Administrative Assistant, within the Area, on the
Employee's own behalf or in the service or on behalf of others, solicit, recruit
or hire away or attempt to solicit, recruit or hire away, directly or by
assisting others, any employee of the Employer or its Affiliates, whether or not
such employee is a full-time employee or a temporary employee of the Employer or
its Affiliates and whether or not such employment is pursuant to written
agreement and whether or not such employment is for a determined period or is at
will.

9.       REMEDIES. The Employee agrees that the covenants contained in Sections
5 through 8 of this Agreement are of the essence of this Agreement; that each of
the covenants is reasonable and necessary to protect the business, interests and
properties of the Employer; and that irreparable loss and damage will be
suffered by the Employer should the Employee breach any of the covenants.
Therefore, the Employee agrees and consents that, in addition to all the
remedies provided by law or in equity, the Employer will be entitled to a
temporary restraining order and temporary and permanent injunctions to prevent a
breach or contemplated breach of any of the covenants. The Employer and the
Employee agree that all remedies available to the Employer or the Employee, as
applicable, will be cumulative.

10.      SEVERABILITY. The parties agree that each of the provisions included in
this Agreement is separate, distinct and severable from the other provisions of
this Agreement and that the invalidity or unenforceability of any Agreement
provision will not affect the validity or enforceability of any other provision
of this Agreement. Further, if any provision of this Agreement is ruled invalid
or unenforceable by a court of competent jurisdiction because of a conflict
between the provision and any applicable law or public policy, the provision
will be redrawn to make the provision consistent with and valid and enforceable
under the law or public policy.

                                       10

<PAGE>

11.      NO SET-OFF BY THE EMPLOYEE. The existence of any claim, demand, action
or cause of action by the Employee against the Employer, or any Affiliate of the
Employer, whether predicated upon this Agreement or otherwise, will not
constitute a defense to the enforcement by the Employer of any of its rights
hereunder.

12.      NOTICE. All notices and other communications required or permitted
under this Agreement will be in writing and, if mailed by prepaid first-class
mail or certified mail, return receipt requested, will be deemed to have been
received on the earlier of the date shown on the receipt or three (3) business
days after the postmarked date thereof. In addition, notices hereunder may be
delivered by hand, facsimile transmission or overnight courier, in which event
the notice will be deemed effective when delivered or transmitted. All notices
and other communications under this Agreement must be given to the parties
hereto at the following addresses:

                              (i)   If to the Employer, to it at:

                                    2001 E. Joppa Road
                                    Baltimore, Maryland 21234-2896
                                    Attn: Chairman of the Board

                              (ii)  If to the Employee, to the Employee at:

                                    4417 Hershy Way
                                    Baltimore, Maryland 21236

13.      ASSIGNMENT. Neither party hereto may assign or delegate this Agreement
or any of its rights and obligations hereunder without the written consent of
the other party hereto.

14.      WAIVER. A waiver by the Employer of any breach of this Agreement by the
Employee will not be effective unless in writing, and no waiver will operate or
be construed as a waiver of the same or another breach on a subsequent occasion.

15.      ARBITRATION. Any controversy or claim arising out of or relating to
this Agreement, or the breach thereof, will be settled by binding arbitration in
accordance with the Commercial Arbitration Rules of the American Arbitration
Association. The decision of the arbitration panel will be final and binding on
the parties, and judgment upon the award rendered by the arbitration panel may
be entered by any court having jurisdiction thereof.

16.      ATTORNEYS' FEES. In the event that the parties have complied with this
Agreement with respect to arbitration of disputes and litigation ensues between
the parties concerning the enforcement of an arbitration award and the Employee
must employ separate legal counsel, the Employer shall advance to the Employee,
within thirty (30) days after receiving copies of invoices submitted by
Employee, any and all reasonable attorneys' fees and expenses incurred with
preparing, investigating and litigating such action, proceeding or suit. The
Employee must reimburse the Employer for any and all advances that exceed the
first $5,000 advanced to the Employee for such legal expenses only if and to the
extent that a final decision by a court of

                                       11

<PAGE>

competent jurisdiction has determined that the Employee is not entitled to
receive any amounts due or to enforce any of the rights under this Agreement.

17.      APPLICABLE LAW. This Agreement will be construed and enforced under and
in accordance with the laws of the State of Maryland. The parties agree that any
appropriate state court located in Baltimore County, Maryland, will have
jurisdiction of any case or controversy arising under or in connection with this
Agreement and will be a proper forum in which to adjudicate such case or
controversy. The parties consent to the jurisdiction of such courts.

18.      INTERPRETATION. Words importing the singular form shall include the
plural and vice versa. The terms "herein", "hereunder", "hereby", "hereto",
"hereof" and any similar terms refer to this Agreement. Any captions, titles or
headings preceding the text of any article, section or subsection herein are
solely for convenience of reference and will not constitute part of this
Agreement or affect its meaning, construction or effect.

19.      ENTIRE AGREEMENT. This Agreement embodies the entire and final
agreement of the parties on the subject matter stated in the Agreement. No
amendment or modification of this Agreement will be valid or binding upon the
Employer or the Employee unless made in writing and signed by both parties. All
prior understandings and agreements relating to the subject matter of this
Agreement are hereby expressly terminated.

20.      RIGHTS OF THIRD PARTIES. Nothing herein expressed is intended to or
will be construed to confer upon or give to any person, firm or other entity,
other than the parties hereto and their permitted assigns, any rights or
remedies under or by reason of this Agreement.

21.      SURVIVAL. The obligations of the Employee pursuant to Sections 5, 6, 7,
8 and 9 will survive the termination of the employment of the Employee hereunder
for the period designated under each of those respective sections.

22.      JOINT AND SEVERAL. The obligation of the Bank and the Company to
Employee hereunder will be joint and several.

                                       12

<PAGE>

         IN WITNESS WHEREOF, the Employer and the Employee have executed and
delivered this Agreement as of the date first shown above.

                                       THE EMPLOYER:

                                       CHESAPEAKE BANK OF MARYLAND

                                       By: ____________________________________

                                       Name: H. Allen Becker
                                             ----------------------------------

                                       Title: Chairman
                                             ----------------------------------

                                       BANKS OF THE CHESAPEAKE, INC.

                                       By: ____________________________________

                                       Name: H. Allen Becker
                                            -----------------------------------

                                       Title: Chairman
                                              ---------------------------------

                                       THE EMPLOYEE:

                                       By: ____________________________________

                                       Name: R. Thomas Jefferson
                                            -----------------------------------

                                       13

<PAGE>

                                    Exhibit A

                           CHESAPEAKE BANK OF MARYLAND
                                 JOB DESCRIPTION

JOB TITLE:      PRESIDENT/CHIEF EXECUTIVE OFFICER
FSLA:           EXEMPT
REPORTS TO:     BOARD OF DIRECTORS

SUMMARY:

Plans, develops, and establishes policies and objectives of business
organization in accordance with Board directives and corporation charter by
performing the following duties personally or through subordinate managers.

ESSENTIAL DUTIES AND RESPONSIBILITIES: The primary duty and responsibility of
this position is quality service to both internal and external customers.
Specific duties are listed below. Other duties may be assigned.

Confers with corporate managers to plan business objectives, to develop
organizational policies, to coordinate functions and operations between
divisions and departments, and to establish responsibilities and procedures for
attaining objectives.

Provides leadership representations for the bank and holding company board of
directors and its committees. Contributes to the effective, profitable operation
of the corporation by participation in Liquidity and Asset/Liability Management,
Loan Committee, Public Relations /Marketing Committee, and Asset Review
Committee activities.

Ensures that the spirit and intent of regulatory and supervisory trusts and
concerns are met or exceeded.

Keeps the Board informed concerning major developments and consults with same
regarding major decisions affecting the bank or holding company.

Represents the bank and provides leadership in key community activities,
including business, charitable, civic, and social organizations to maintain a
proper responsible citizen stature for the bank.

Reviews activity reports and financial statements to determine progress and
status in attaining objectives and revises objectives and plans in accordance
with current conditions.

<PAGE>

Directs and coordinates formulation of financial programs to provide funding for
new or continuing operations to maximize returns on investments and to increase
productivity.

Plans and develops labor and public relations policies designed to improve
company's image and relations with customers, employees, and the public.

Evaluates performance of executives for compliance with established policies and
objectives of bank.

SUPERVISORY RESPONSIBILITY:

Manages subordinate supervisors in the Lending/Deposit function, Finance and
Operations function, Human Resources, and Quality Services and Sales function.
Also, responsible for the direct supervision of the Corporate Secretary. Is
responsible for the overall direction, coordination, and evaluation of these
units.

Provides direct guidance on personnel activities which affect the key bank
management team, including salary administration, management incentive,
performance objectives, and compliance with established policies to ensure solid
team efforts toward the attainment of department, bank, and corporation goals.

Carries out supervisory responsibilities in accordance with the organization's
policies and applicable laws. Responsibilities include interviewing, hiring, and
training employees; planning, assigning, and directing work; appraising
performance; rewarding and disciplining employees; and addressing complaints and
resolving problems.

CRA REQUIREMENT:

Expected to understand the bank's obligations under the Community Reinvestment
Act and how to fulfill them. Expected to cooperate with and support the bank's
CRA program. Will be held accountable for any lack of cooperation that weakens
the bank's CRA performance, as reflected in internal audits, agency
examinations, and/or community projects.

PRODUCT AND KNOWLEDGE REQUIREMENT:

Should know and understand the products and services that are provided by
Chesapeake Bank of Maryland and give quality service at all times to our
customers.

QUALIFICATION REQUIREMENTS:

To perform this job successfully, an individual must be able to perform each
essential duty satisfactorily. The requirements listed below are representative
of the knowledge, skill, and/or

                                       2

<PAGE>

ability required. Reasonable accommodations may be made to enable individuals
with disabilities to perform the essential functions.

         EDUCATION AND/OR EXPERIENCE:

         College graduate and graduate of recognized graduate banking school or
         equivalent; ten years related experience and/or training; or equivalent
         combination of education and experience.

         LANGUAGE SKILLS:

         Ability to read, analyze, and interpret common technical journals,
         financial reports, and legal documents. Ability to respond to common
         inquiries or complaints from customers, regulatory agencies, or members
         of the community. A high level of interpersonal skills to effectively
         communicate policies, procedures, staff objectives, and information to
         top management, public groups, and/or boards of directors.

         ANALYTICAL SKILLS:

         A high level of analytical, mathematical and reasoning skills to assess
         and evaluate the operation of subordinate areas of responsibility,
         participate in establishing bank-wide financial goals, and draft
         operational reports to the board.

PHYSICAL DEMANDS:

Reasonable accommodations may be made to enable individuals with disabilities to
perform the essential functions.

WORK ENVIRONMENT:

Good. There is little discomfort from noise, heat, dust, or other adverse
factors.

PERFORMANCE EXPECTATIONS:

         ORGANIZATIONAL EXPECTATIONS:

         Understands that the position exists to ultimately serve the customer
         either directly or indirectly through assisting front-line personnel to
         answer customer inquiries quickly.

                                       3

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         Practices a high degree of professionalism and sets an example for
         others to follow.

         Demonstrates commitment to and understanding of continuous quality
         improvement. Uses creativity and initiative to recommend quality
         enhancements when relevant and appropriate.

         Has satisfactory attendance within policy guidelines and is punctual.

         Manages time effectively. Completes assigned duties within required
         deadlines.

         FINANCIAL EXPECTATIONS:

         Makes recommendations to the Board of Directors concerning budgetary
         needs of the bank.

         Within parameters of job, uses good judgment related to Bank income
         opportunities and expense control.

         Is financially responsible.

         RELATIONSHIP EXPECTATIONS:

         Conducts in-bank and public relationships in a manner that enhances the
         image and marketing efforts of the Bank.

         Participates in community organizations, activities, and projects.

         Contributes to an overall team effort by being an effective team
         player.

This job description is not intended to be and should not be construed as an
all-inclusive list of the responsibilities, skills, or working conditions
associated with the position. While this job description is intended to
accurately reflect the position's activities and requirements, management
reserves the right to modify, add, or remove duties and assign other duties as
necessary.

                                       4

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