Document:

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                                                                    Exhibit 10.1

                            STOCK PURCHASE AGREEMENT

     This Stock Purchase Agreement (the "Agreement") is made as of September 10,
2003 by and between the undersigned purchasers (each, a "Purchaser" and
collectively, "Purchasers") and TECO Energy, Inc., a Florida corporation (the
"Company"). The parties agree as follows:

1.   Purchase and Sale of Shares. Subject to the terms and conditions hereof,
Purchasers shall buy from the Company and the Company shall sell to Purchasers
an aggregate of 11,000,000 shares (the "Shares") of the Company's common stock,
par value $1.00 per share, at a price of $11.76 per share for an aggregate
purchase price of $129,360,000 (the "Purchase Price"). The closing of such
purchase and sale (the "Closing" shall take place at the offices of Palmer &
Dodge LLP, Boston, Massachusetts, at 9:00 a.m. on the later of (i) the third
(3rd) business day after the date hereof and (ii) the next business day after
the Shares have been approved for listing on The New York Stock Exchange
("NYSE"), subject to notice of issuance, or at such other time or on such other
date as the parties shall have agreed (the "Closing Date"). Upon Closing, the
Company shall cause the Shares to be electronically delivered to The Depository
Trust Company on Purchasers' behalf in the respective amounts set forth opposite
Purchasers' names on the signature page hereof and registered in such names as
Purchasers shall, with reasonable notice, have designated, against payment of
the full Purchase Price in federal funds by wire transfer to a bank account
designated by the Company.

2.   Representations of the Company. In order to induce Purchasers to purchase
the Shares, the Company hereby represents and warrants to Purchasers as follows:

     2.1  The Company and each "significant subsidiary" (as such term is defined
in Rule 1-02 of Regulation S-X) of the Company (each, a "Significant
Subsidiary") has been duly incorporated and is an existing corporation in good
standing under the laws of the State of Florida or, in the case of any
Significant Subsidiary, its respective jurisdiction of incorporation, with power
and authority (corporate and other) to own its properties and conduct its
business as described in the Prospectus; and the Company and each Significant
Subsidiary is duly qualified to do business as a foreign corporation in good
standing in all other jurisdictions in which its ownership or lease of property
or the conduct of its business requires such qualification, except in any case
where the failure to be so qualified would not have a material adverse effect on
the condition (financial or other), business, properties or results of
operations of the Company and its subsidiaries taken as a whole (a "Material
Adverse Effect").

     2.2  The Company has full power and authority to authorize, issue and sell
the Shares as contemplated by this Agreement. This Agreement has been duly
authorized, executed and delivered by the Company. The Shares, when issued and
delivered in accordance with this Agreement, will be validly issued, fully paid
and nonassessable.

     2.3  Except for the approval of the Shares for listing on NYSE, no consent,
approval, authorization, or order of, or filing, registration or qualification
with, any governmental agency or body or any court is required for the
performance by the Company of its obligations hereunder or in connection with
the consummation of the issuance and sale of the Shares, except such as

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have been obtained and made under the Act and such as may be required under
state securities laws.

     2.4  The execution, delivery and performance of this Agreement by the
Company and the issuance and sale of the Shares will not result in a breach or
violation by the Company or any Significant Subsidiary of any of the terms and
provisions of, or constitute a default under (a) any statute, rule, regulation
or order of any governmental agency or body or any court having jurisdiction
over the Company or any of its property or any Significant Subsidiary or any of
their respective properties, (b) any agreement or instrument to which the
Company or any Significant Subsidiary is a party or by which the Company or any
Significant Subsidiary is bound or to which any of the properties of the Company
or any Significant Subsidiary is subject, except for breaches, defaults or
violations that would not result in a Material Adverse Effect or (c) the charter
or by-laws of the Company or of any Significant Subsidiary.

     2.5  A registration statement (No. 333-102018) relating to the Shares has
been filed with the Securities and Exchange Commission (the "Commission") and
has been declared effective. Such registration statement, as amended at the date
of this Agreement and including all material incorporated by reference therein,
meets the requirements set forth in Rule 415(a)(1)(x) under the Securities Act
of 1933, as amended (the "Act"), and is herein referred to as the "Registration
Statement," and the prospectus included in the Registration Statement, as first
filed with the Commission pursuant to and in accordance with Rule 424(b) ("Rule
424(b)") under the Act and as amended to reflect the terms of the offering of
the Shares, including all material incorporated by reference therein, is
hereinafter referred to as the "Prospectus." On its effective date, the
Registration Statement conformed in all respects to the requirements of the Act
and the rules and regulations of the Commission (the "Rules and Regulations")
and did not include any untrue statement of a material fact or omit to state any
material fact required to be stated therein or necessary to make the statements
therein not misleading, and as of the date hereof, the Registration Statement
and the Prospectus conform in all respects to the requirements of the Act and
the Rules and Regulations, and neither of such documents includes any untrue
statement of a material fact or omits to state any material fact required to be
stated therein or necessary to make the statements therein not misleading,
except that the foregoing does not apply to statements in or omissions from any
such documents based upon written information, if any, relating to any Purchaser
furnished to the Company by a Purchaser specifically for use therein. No stop
order suspending the effectiveness of the Registration Statement is in effect,
and no proceedings for such purpose are pending before or threatened by the
Commission.

     2.6  Except as disclosed in the Prospectus, there are no pending actions,
suits or proceedings against or involving the Company or any of its property,
any of its subsidiaries or any of their respective properties that could
reasonably be expected to have, individually or in the aggregate, a Material
Adverse Effect, or that would materially and adversely affect the ability of the
Company to perform its obligations under this Agreement, or that are otherwise
material in the context of the sale of the Shares; and, to the Company's
knowledge, no such actions, suits or proceedings are threatened or contemplated.

     2.7  The financial statements of the Company, together with the related
notes to such financial statements, included or incorporated by reference in the
Registration Statement and Prospectus present fairly in all material respects
the financial position of the Company and its

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consolidated subsidiaries as of the dates shown and their results of operations
and cash flows for the periods shown and, except as otherwise disclosed in the
Prospectus, such financial statements have been prepared in conformity with
generally accepted accounting principles in the United States applied on a
consistent basis (except as stated therein); and any schedules included or
incorporated by reference in the Registration Statement present fairly in all
material respects the information required to be stated therein.

     2.8  Except as disclosed in the Prospectus, since the date of the latest
audited financial statements included or incorporated by reference in the
Registration Statement, there has been no material adverse change in the
condition (financial or other), business, properties or results of operations of
the Company and its subsidiaries taken as a whole.

     2.9  The Company is not and, after giving effect to the sale of the Shares
and the application of the proceeds thereof as described in the Prospectus, will
not be an "investment company" as defined in the Investment Company Act of 1940,
as amended.

3.   Representations of Purchasers. Each Purchaser hereby represents and
warrants to the Company that (a) it has been duly organized and is existing in
good standing as the type of entity and under the laws of the state set forth
under its respective name on the signature page hereof, (b) it has full power
and authority to enter into this Agreement and to consummate the transactions
contemplated hereby, and (c) this Agreement has been duly authorized, executed
and delivered by such Purchaser.

4.   Conditions to the Parties' Obligation to Close.

     4.1  The obligation of the Company to issue and sell the Shares at the
Closing is subject to the satisfaction (or waiver by the Company), at or before
the Closing Date, of each of the following conditions:

          (a)  The Shares shall have been approved for listing on the NYSE,
subject to notice of issuance.

          (b)  No stop order suspending the effectiveness of the Registration
Statement or any part thereof shall have been issued and no proceedings for that
purpose shall have been instituted.

          (c)  No action, suit or proceeding shall be pending against or involve
the Company or any of its property, any of its subsidiaries or any of their
respective properties that would materially and adversely affect the ability of
the Company to perform its obligations under this Agreement or that is otherwise
material in the context of the sale of the Shares and no such action, suit or
proceeding shall be threatened or contemplated.

          (d)  An aggregate of 11,000,000 Shares shall be purchased at the
Closing.

     4.2  The obligation of Purchasers to purchase the Shares from the Company
at the Closing is subject to the satisfaction (or waiver by Purchasers), at or
before the Closing Date, of each of the following conditions:

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          (a)  The Shares shall have been approved for listing on the NYSE,
subject to notice of issuance.

          (b)  The Company shall have filed with the Commission pursuant to Rule
424(b) a prospectus supplement regarding the sale of the Shares.

          (c)  No stop order suspending the effectiveness of the Registration
Statement or any part thereof shall have been issued and no proceedings for that
purpose shall have been instituted.

          (d)  The representations and warranties of the Company contained in
Section 2 hereof shall be true, correct and complete in all material respects as
of the date hereof and as of the Closing Date as though made at that time
(except for representations and warranties that speak as of a specific date,
which shall be true, correct and complete as of such date), and the Company
shall have performed, satisfied and complied in all material respects with the
covenants and conditions required hereby to be performed, satisfied or complied
with by it at or before the Closing.

          (e)  Purchasers shall have received a certificate, dated the Closing
Date, of a duly authorized officer of the Company certifying on behalf of the
Company that each of the conditions set forth in subsections 4.2(a), (b), (c)
and (d) have been satisfied.

          (f)  Purchasers shall have received an opinion, dated the Closing
Date, of Palmer & Dodge LLP, counsel for the Company, reasonably satisfactory in
form and substance to Purchasers with respect to the matters described in
Exhibit A hereto. In giving such opinion, such counsel may limit its opinion to
the laws of the Commonwealth of Massachusetts, the State of Florida and the
federal law of the United States and may rely as to matters of Florida law upon
an opinion of Sheila M. McDevitt, Esq., Senior Vice President and General
Counsel of the Company.

5.   Standstill Agreement. In order to induce the Company to issue and sell the
Shares to Purchasers, each Purchaser agrees that:

     5.1  For so long as it (together with all investment companies and all
entities that would be investment companies but for the provisions of Section
3(c) of the Investment Company Act of 1940, as amended, having a common
investment adviser and/or investment adviser under common control with such
Purchaser (collectively, "Affliates")) Beneficially Owns (as such term is
defined in Rule 13d-3 under the Exchange Act) an aggregate of five (5) percent
or more of the outstanding securities of the Company entitled to vote (including
securities convertible into or exercisable or exchangeable or redeemable for
such securities, collectively, "Voting Securities"), it will not, directly or
indirectly (unless in any such cases specifically invited in writing to do so by
the Company), do any of the following (except as required pursuant to or
otherwise contemplated by this Agreement or as a result of any stock split,
stock dividend, stock repurchase or similar recapitalization by the Company):

          (a)  acquire, offer to acquire, or agree to acquire by purchase or
otherwise, individually or by joining a partnership, limited partnership,
syndicate or other "group" (as such term is used in Section 13(d)(3) of the
Exchange Act) (any such act, to "acquire"), any Voting

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Securities or any options, warrants or other rights to acquire Voting Securities
if, after such acquisition, Purchaser and its Affiliates would Beneficially Own
in the aggregate more than nine and nine-tenths (9.9) percent of the outstanding
Voting Securities;

          (b)  make, or in any way participate in, directly or indirectly, any
"solicitation" of "proxies" (as such terms are defined or used in Regulation 14A
under the Exchange Act) or become a "participant" in any "election contest" (as
such terms are defined or used in Rule 14a-11 under the Exchange Act) with
respect to the Company (other than by way of Purchaser's exercising its right to
vote his or her Voting Securities), or initiate, propose or otherwise solicit
shareholders of the Company for the approval of one or more shareholder
proposals with respect to the Company, or induce or attempt to induce any other
person to initiate any shareholder proposal;

          (c)  deposit any Voting Securities into a voting trust or subject them
to any voting agreement or other agreement or arrangement with respect to the
voting of such Voting Securities;

          (d)  form, join, participate in or encourage the formation of a
partnership, limited partnership, syndicate or other group for the purpose of
acquiring, holding or disposing of Voting Securities; provided, however, for
purposes of this Section 5(d), Purchaser and its affiliates shall not be
considered to be a syndicate or other group;

          (e)  act, directly or indirectly, alone or in concert with others, to
seek to control the management, Board of Directors, policies or affairs of the
Company or any of its subsidiaries, or solicit, propose, seek to effect or
negotiate with any other person with respect to any form of business combination
transaction involving, directly or indirectly, the Company or any of its
subsidiaries, or any restructuring, recapitalization or similar transaction with
respect to the Company or any of its subsidiaries, or announce or disclose an
intent, purpose, plan or proposal with respect to the Company or any of its
subsidiaries or any Voting Securities inconsistent with the provisions of this
Section 5, including an intent, purpose, plan or proposal that is conditioned on
or would require the Company to waive the benefit of or amend any provision of
this Section 5, or assist, participate in, facilitate or encourage or solicit
any effort or attempt by any person to do or seek to do any of the foregoing;

          (f)  nominate any person for election by the holders of Common Stock
as a director of the Company who is not nominated by the then-incumbent
directors, or propose any matter to be voted upon by the stockholders of the
Company; or

          (g) encourage or render advice to or make any recommendation or
proposal to any person, or directly or indirectly participate, aid and abet or
otherwise induce any person or engage in any of the actions prohibited by this
Section 5 or to engage in any actions inconsistent with the provisions of this
Section 5.

     5.2  For so long as it Beneficially Owns any Voting Securities, it will
not, directly or indirectly (unless in any such cases specifically invited in
writing to do so by the Company), do either of the following:

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          (a)  sell, contract to sell or grant any option or right to purchase
any Common Stock or make any short sale of, or establish a "put equivalent
position" (as such term is defined in Rule 16a-1(h) under the Exchange Act) with
respect to, the Common Stock, at a time when Purchaser has no equivalent
offsetting long position in Common Stock; or

          (b)  sell or contract to sell more than one (1) percent of the
outstanding Voting Securities to any single person or group of related persons;
provided, however, that this subsection shall not apply to any transaction
effected in good faith on the NYSE.

     5.3  In the event that any action is submitted to the holders of Voting
Securities for their approval, whether at a meeting or by written consent, at a
time when Purchaser and its Affiliates collectively have the right to vote or
direct the vote with respect to more than five (5) percent of the Voting
Securities entitled to vote on such action, Purchaser will, unless otherwise
approved in writing in advance by the Company, cause to be voted all Voting
Securities as to which it has the right to vote or direct the vote (but not more
than the number of Voting Securities by which such collective ownership exceeds
five (5) percent of the outstanding Voting Securities entitled to be voted on
such matter) (the "Excess Voting Securities") in the same manner (i.e. in favor
of, against and abstentions with respect to) proportionately to all other Voting
Securities that are entitled to vote with respect to such matter. Purchaser
hereby appoints the Chief Executive Officer and the Chief Financial Officer of
the Company, acting severally, as its proxy, with full power of substitution, in
the name, place and stead of the Purchaser, to vote all Excess Voting Securities
at any such meeting (and at any adjournment or adjournments thereof) or with
respect to any such written consent in the manner described in the preceding
sentence. Purchaser agrees that this proxy is coupled with an interest and shall
be irrevocable.

6.   Filing of Form 8-K. By 9:30 a.m., New York time, on the first business day
following the Closing Date, the Company shall issue a press release and file a
Current Report on Form 8-K with the Commission, each describing the material
terms of the transactions contemplated hereby.

7.   Notices. All communications hereunder will be in writing and, if sent to
any Purchaser, shall be mailed or delivered to it c/o Franklin Templeton
Investments, One Franklin Parkway, San Mateo, CA 94403, Attention: [           ]
or, if sent to the Company, shall be mailed or delivered to it at 702 North
Franklin Street, Tampa, Florida 33602, Attention: Corporate Secretary.

8.   Entire Agreement; Amendments. This Agreement contains the entire
understanding of the parties with respect to the subject matter hereof and
supersedes all prior agreements and understandings, oral or written, with
respect to such matters, which the parties acknowledge have been merged into
this Agreement. This Agreement may not be modified or amended except pursuant to
an instrument in writing signed by the Company and each Purchaser.

9.   Successors. This Agreement will inure to the benefit of and be binding upon
the parties hereto and their respective successors and assigns, and no other
person will have any right or obligation hereunder. No purchaser of Shares from
a Purchaser shall be deemed to be a successor by reason merely of such purchase.

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10.  Counterparts. This Agreement may be executed in any number of counterparts,
each of which shall be deemed to be an original, but all such counterparts shall
together constitute one and the same agreement.

11.  Applicable Law. This Agreement shall be governed by, and construed in
accordance with, the laws of the State of Florida, without regard to its
principles of conflicts of laws.

                   [The rest of this page intentionally blank]

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     IN WITNESS WHEREOF, the parties have caused this Stock Purchase Agreement
to be executed by their respective representatives, hereunto duly authorized, as
of the date first written above.

                                        TECO ENERGY, INC.

                                        By: /s/ J.B. Ramil
                                            ---------------------------------
                                            Name: J.B. Ramil
                                            Title: Executive Vice President and
                                                   Chief Operating Officer

PURCHASERS:                                          NUMBER OF SHARES PURCHASED:

FRANKLIN CUSTODIAN FUNDS - INCOME FUND,                      9,800,000
a Maryland corporation

By: /s/ Edward Perks
   -----------------------------------
    Name:  Edward Perks
    Title: Vice President, Franklin Advisers

FRANKLIN CUSTODIAN FUNDS - UTILITIES FUND,                   1,000,000
a Maryland corporation

By: /s/ John C. Kohli
   -----------------------------------
   Name:  John C. Kohli
   Title: Vice President, Franklin Advisers

FRANKLIN CUSTODIAN FUNDS - INCOME SECURITIES FUND,            200,000
a Massachusetts Business Trust

By: /s/ Edward Perks
   ----------------------------------
   Name:  Edward Perks
   Title: Vice President, Franklin Advisers

<PAGE>

                                    EXHIBIT A

            Matters to be Addressed in Opinion of Palmer & Dodge LLP

1.   The Company is a validly existing corporation in good standing under the
     laws of the State of Florida, with corporate power and authority to own,
     lease and operate its properties and conduct its business as described in
     the Prospectus, and to enter into and perform its obligations under the
     Agreement.

2.   The Agreement has been duly authorized, executed and delivered by the
     Company. The Shares have been duly authorized and, when issued and
     delivered in accordance with the Agreement, will be validly issued, fully
     paid and nonassessable.

3.   No consent, approval, authorization or order of, or filing, registration or
     qualification with, any governmental agency or body or any court is
     required for the issuance or sale of the Shares by the Company, except such
     as have been obtained and made under the Act, or as may be required under
     state securities laws as to which no opinion is expressed.

4.   The execution, delivery and performance of the Agreement by the Company
     (including the issuance and sale of the Shares) will not result in a breach
     or violation by the Company of any of the terms and provisions of, or
     constitute a default under, any statute, any rule or regulation, or any
     order known to such counsel, of any governmental agency or body or any
     court having jurisdiction over the Company or any of its properties, or any
     agreement or instrument that is listed as an exhibit to the Company's
     Annual Report on Form 10-K for the year ended December 31, 2002 or the
     Company's Quarterly Reports on Form 10-Q and Current Reports on Form 8-K
     filed thereafter, or the charter or by-laws of the Company.

5.   The Registration Statement has become effective under the Act.

6.   The Registration Statement and the Prospectus, excluding the documents
     incorporated by reference therein, and any amendment or supplement thereto,
     as of their respective effective or issue dates, complied as to form in all
     material respects with the requirements of the Act and the Rules and
     Regulations; it being understood that such counsel need express no opinion
     as to the financial statements, including the notes thereto, schedules or
     other financial data contained or incorporated by reference therein or
     excluded therefrom.

7.   The Company is not and, after giving effect to the offering and sale of the
     Shares and the application of the proceeds thereof as described in the
     Prospectus, will not be an "investment company" as defined in the
     Investment Company Act of 1940.<PAGE>
                                                                    Exhibit 10.1

                                                               EXECUTION VERSION

                                FOURTH AMENDMENT
                         TO LOAN AND SECURITY AGREEMENT

         Fourth Amendment, dated as of June 15, 2003 (this "Amendment"), to the
Loan and Security Agreement, dated as of July 23, 2001 (as previously amended,
the "Loan Agreement"), by and among (i) the lenders identified on the signature
pages hereof (such lenders, together with their respective successors and
assigns, are hereinafter referred to individually as a "Lender" and collectively
as the "Lenders"), (ii) WELLS FARGO FOOTHILL, INC., a California corporation
formerly known as Foothill Capital Corporation, as the arranger and
administrative agent for the Lenders ("Agent"), and (iii) SCB COMPUTER
TECHNOLOGY, INC., a Tennessee corporation ("Parent"), and each of Parent's
Subsidiaries identified on the signature pages hereof (such Subsidiaries,
together with Parent, are hereinafter referred to individually as a "Borrower",
and individually and collectively, jointly and severally, as the "Borrowers").

         WHEREAS, the Parent and First Tennessee (as hereinafter defined) intend
to enter into the First Tennessee Loan Agreement (as hereinafter defined),
pursuant to which First Tennessee will make a term loan to the Parent in the
principal amount of $6,500,000, the proceeds of which will be used to purchase
certain equipment and software to be utilized in the Parent's performance of its
obligations under a service agreement with IBM Corporation;

         WHEREAS, the Borrowers have requested that the Lenders (i) permit the
Parent to incur the Indebtedness under the First Tennessee Loan Agreement, (ii)
permit the Subsidiaries of the Parent to guarantee such Indebtedness, and (iii)
permit the Parent to grant a lien on, and security interest in, certain
collateral in accordance with the First Tennessee Loan Documents (as hereinafter
defined), including, without limitation, the Equipment (as such term is defined
in the First Tennessee Intercreditor Agreement) acquired with the proceeds of
the term loan made by First Tennessee, together with the Servicing Fees and the
Termination Fee payable under the IBM Contracts; and

         WHEREAS, the Agent and the Lenders are willing to enter into this
Amendment in order to (i) permit the Indebtedness incurred by the Parent in
accordance with the First Tennessee Loan Agreement, (ii) permit the Subsidiaries
of the Parent to guarantee such Indebtedness, (iii) permit the Parent to grant a
lien on, and security interest in, certain collateral in accordance with the
First Tennessee Loan Documents (as hereinafter defined), including, without
limitation, the Equipment (as such term is defined in the First Tennessee
Intercreditor Agreement) acquired with the proceeds of the term loan made by
First Tennessee, together with the Servicing Fees and the Termination Fee
payable under the IBM Contracts, and (iv) amend certain other terms and
conditions of the Loan Agreement, in each case subject to the terms and
conditions set forth in this Amendment;

<PAGE>

         NOW THEREFORE, in consideration of the premises and other good and
valuable consideration, the parties hereto hereby agree as follows:

         1. Definitions in Amendment. Any capitalized term used herein and not
defined shall have the meaning assigned to it in the Loan Agreement.

         2. Definitions in the Loan Agreement. Section 1.1 of the Loan Agreement
is hereby amended as follows:

                  (a) The definition of the term "Loan Documents" is hereby
amended to read in its entirety as follows:

                  "Loan Documents" means this Agreement, the Cash Management
         Agreements, the Control Agreements, the Disbursement Letters, the Due
         Diligence Letters, the Fee Letter, the Guaranty, the Letters of Credit,
         the Letter of Credit Applications, L/C Undertakings, the Remtech
         Post-Closing Agreement, the Contribution Agreement, the Officers'
         Certificates, the Stock Pledge Agreement, the Trademark Security
         Agreement, the Guarantor Security Agreement, the Intercompany
         Subordination Agreement, the Remtech Subordination Agreement, the UCC
         Filing Authorization Letters, the Warrants, the Registration Rights
         Agreement, the First Tennessee Intercreditor Agreement, the
         Intercreditor Agreement, any note or notes executed by a Borrower in
         connection with this Agreement and payable to a member of the Lender
         Group, and any other agreement entered into, now or in the future, by
         any Borrower and the Lender Group in connection with this Agreement."

                  (b) The definition of the term "Material Contract" is hereby
amended to read in its entirety as follows:

                  "Material Contract" means each of (a) the Honeywell Contract,
         (b) the State of Tennessee Contract, (c) the State of Kentucky
         Contract, (d) the Federal Express Contract, (e) the Remtech Purchase
         Agreement, (f) the First Tennessee Loan Documents and (g) the IBM
         Contracts."

                  (c) The definition of the term "Permitted Liens" is hereby
amended to read in its entirety as follows:

                  "Permitted Liens" means (a) Liens held by Agent for the
         benefit of Agent and the Lenders, (b) Liens for unpaid taxes that
         either (i) are not yet delinquent, or (ii) do not constitute an Event
         of Default hereunder and are the subject of Permitted Protests, (c)
         Liens set forth on Schedule P-1, (d) the interests of lessors under
         operating leases, (e) purchase money Liens or the interests of lessors
         under Capital Leases to the extent that such Liens or interests secure
         Permitted Purchase Money Indebtedness and so long as such Lien attaches
         only to the asset purchased or acquired and the proceeds thereof, (f)
         Liens arising by operation of law in favor of warehousemen, landlords,
         carriers, mechanics, materialmen, laborers, or suppliers, incurred in
         the ordinary course of Borrowers' business and not in connection with
         the borrowing of money, and which

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<PAGE>

         Liens either (i) are for sums not yet delinquent, or (ii) are the
         subject of Permitted Protests, (g) Liens arising from deposits made in
         connection with obtaining worker's compensation or other unemployment
         insurance, (h) Liens or deposits to secure performance of bids,
         tenders, or leases incurred in the ordinary course of Borrowers'
         business and not in connection with the borrowing of money, (i) Liens
         granted as security for surety or appeal bonds in connection with
         obtaining such bonds in the ordinary course of Borrowers' business, (j)
         Liens resulting from any judgment or award that is not an Event of
         Default hereunder, (k) with respect to any Real Property, easements,
         rights of way, and zoning restrictions that do not materially interfere
         with or impair the use or operation thereof by Borrowers, and (l) Liens
         created pursuant to the First Tennessee Loan Documents (as in effect on
         the date hereof) in favor of First Tennessee securing the Indebtedness
         permitted under clause (h) of Section 7.1 and subject to the terms of
         the First Tennessee Intercreditor Agreement, provided that any such
         Lien of First Tennessee in the Servicing Fee shall be junior and
         subordinate to the Lien of the Agent therein."

                  (d) The following definitions are hereby inserted, in
appropriate alphabetical order:

                  "Customer Solutions Agreement" means that certain agreement
         dated December 24, 1999, as amended by the Statement of Work, entered
         into by and between SCB and IBM.

                  "First Tennessee" means First Tennessee Bank National
         Association, a national banking association having its principal place
         of business in Memphis, Tennessee.

                  "First Tennessee Intercreditor Agreement" means the
         Intercreditor Agreement, dated as of the date hereof, made by and
         between First Tennessee, State Bank, the Loan Parties and the Agent.

                  "First Tennessee Loan Agreement" means the Loan Agreement,
         dated as of the date hereof, made by and between First Tennessee and
         the Parent.

                  "First Tennessee Loan Documents" means the First Tennessee
         Loan Agreement and all other agreements, instruments and other
         documents executed or delivered in connection with the First Tennessee
         Loan Agreement.

                  "IBM" means International Business Machines Corporation.

                  "IBM Contracts" means the Customer Solutions Agreement and the
         Statement of Work, as amended, restated or supplemented from time to
         time.

                  "Servicing Fees" means all fees, payments or charges payable
         by IBM under the IBM Contacts prior to the termination thereof.

                                       3
<PAGE>

                  "Statement of Work" means that certain agreement effective
         June 1, 2003, entered into by and between SCB and IBM amending the
         Customer Solutions Agreement and providing for payment of the Servicing
         Fees and the Termination Fee to SCB.

                  "Termination Fee" means that certain fee payable by IBM under
         the Customer Solutions Agreement, as amended by the Statement of Work,
         in the event of the termination of the Customer Solutions Agreement and
         Statement of Work, with or without cause as provided therein.

         3. Fourth Amendment Fee. Section 2.11 of the Loan Agreement is hereby
amended by (a) deleting the word "and" at the end of clause (b) thereof, (b)
deleting the period at the end of clause (c) thereof and substituting ", and"
therefor, and (c) inserting a new clause (d) therein, to read as follows:

                  "(d) FOURTH AMENDMENT FEE. On the Fourth Amendment Effective
         Date and each anniversary of the Fourth Amendment Effective Date during
         the term of this Agreement or until the payment in full of all
         obligations of Parent under the First Tennessee Loan Documents, a
         non-refundable amendment fee in an amount equal to $45,000 on each such
         date."

         4. Indebtedness. Section 7.1 of the Loan Agreement is hereby amended by
(a) deleting the word "and" at the end of clause (f) thereof, (b) deleting the
period at the end of clause (g) thereof and substituting "; and" therefor, and
(c) inserting a new clause (h) therein, to read as follows:

                  "(h) Indebtedness incurred by the Parent and the Guarantors
         (as such term is defined in the First Tennessee Loan Agreement) in
         accordance with the First Tennessee Loan Documents (as in effect on the
         date hereof), provided that (i) the aggregate principal amount of such
         Indebtedness outstanding at any time does not exceed $6,500,000, (ii)
         any of such Indebtedness that is repaid may not be reborrowed, and
         (iii) such Indebtedness and interest thereon shall only be repaid in
         accordance with the terms and conditions set forth in the First
         Tennessee Loan Documents (subject to the terms and conditions of the
         First Tennessee Intercreditor Agreement)."

         5. Additional Affirmative Covenant. Section 6.3 of the Loan Agreement
is hereby amended by (a) deleting the word "and" at the end of clause (f)
thereof, (b) redesignating existing clause (g) as new clause (h), and (c)
inserting a new clause (g) therein, to read as follows:

                  "(g) written notice promptly, and in any event within five (5)
         Business Days upon any failure by IBM to make any payment of Servicing
         Fees, the Termination Fee or other amounts as and when due and payable
         pursuant to the any IBM Contract; and"

                                       4
<PAGE>

         6. Additional Negative Covenants. Article 7 of the Loan Agreement is
hereby amended by adding new Section 7.25:

                  "7.25 AMENDMENT TO FIRST TENNESSEE LOAN DOCUMENTS. Amend,
         change, agree to any amendment or other change to, or waive any of its
         rights under, any First Tennessee Loan Document, unless any such
         change, amendment or waiver is otherwise permitted under the First
         Tennessee Intercreditor Agreement."

         7. Conditions Precedent. The effectiveness of this Amendment is subject
to the fulfillment, in a manner satisfactory to the Agent, of each of the
following conditions precedent (the first date upon which all such conditions
shall have been fulfilled or waived being herein called the "Fourth Amendment
Effective Date"):

                  (a) Representations and Warranties; No Event of Default. The
representations and warranties contained herein, in Section 5 of the Loan
Agreement and in each other Loan Document and certificate or other writing
delivered to the Agent or any Lender pursuant hereto on or prior to the Fourth
Amendment Effective Date shall be correct in all material respects on and as of
the Fourth Amendment Effective Date as though made on and as of such date,
except to the extent that such representations and warranties (or any schedules
related thereto) expressly relate solely to an earlier date (in which case such
representations and warranties shall be true and correct in all material
respects on and as of such date); and no Default or Event of Default shall have
occurred and be continuing on the Fourth Amendment Effective Date or would
result from this Amendment becoming effective in accordance with its terms.

                  (b) Delivery of Documents. The Agent shall have received on or
before the Fourth Amendment Effective Date the following, each in form and
substance satisfactory to the Agent and, unless indicated otherwise, dated the
Fourth Amendment Effective Date:

                           (i) counterparts of this Amendment which bear the
signatures of each Borrower, the Agent and each Lender;

                           (ii) a certificate of the chief executive officer or
the chief financial officer of the Parent, certifying that attached thereto are
true, complete and correct copies of the First Tennessee Loan Documents and the
IBM Contracts;

                           (iii) the First Tennessee Intercreditor Agreement,
duly executed by First Tennessee, State Bank, the Parent and the Agent; and

                           (iv) such other agreements, instruments, approvals,
opinions and other documents as Agent may reasonably request from the Borrowers.

                  (c) Proceedings. All proceedings in connection with the
transactions contemplated by this Amendment, and all documents incidental
thereto, shall be satisfactory to the Agent and its counsel, and the Agent and
such counsel shall have received from the Borrowers all such information and
such counterpart originals or certified copies of documents, and such other
agreements, instruments, approvals, opinions and other documents, as the Agent
or such counsel may reasonably request.

                                       5
<PAGE>

                  (d) Lender Group Expenses. Borrowers shall have paid to Agent
and each Lender, in immediately available funds, an amount equal to all Lender
Group Expenses which were incurred by such Person in connection with the
preparation, execution and delivery of this Amendment and the other related
agreements, instruments and documents.

                  (e) Fourth Amendment Fee. The Borrowers shall have paid to the
Agent, for the benefit of the Lender Group, in immediately available funds, the
non-refundable amendment fee, fully earned and payable in accordance with
Section 3 of this Amendment, which fee may be charged to the Loan Account.

         8. Representations and Warranties. Each Borrower hereby represents and
warrants to the Agent and the Lenders as follows:

                  (a) Each Borrower (i) is a corporation duly organized, validly
existing and in good standing under the laws of the state of its incorporation
and (ii) has all requisite corporate power, authority and legal right to
execute, deliver and perform this Amendment and the other agreements instruments
and documents required to be delivered by it pursuant to Section 7 hereof
(together with this Amendment, collectively the "Fourth Amendment Documents")
and the First Tennessee Loan Documents to which it is a party, and to perform
the Loan Agreement, as amended hereby.

                  (b) The execution, delivery and performance by the Borrowers
of this Amendment and the other Fourth Amendment Documents and First Tennessee
Loan Documents to which it is a party and the performance by the Borrowers of
the Loan Agreement as amended hereby (i) have been duly authorized by all
necessary corporate action, (ii) do not and will not violate or create a default
under any Borrower's charter or by-laws, any applicable law or any contractual
restriction binding on or otherwise affecting any Borrower or any Borrower's
properties, and (iii) except as provided in the Loan Documents, do not and will
not result in or require the creation of any lien, security interest or other
charge or encumbrance upon or with respect to any Borrower's property.

                  (c) No authorization or approval or other action by, and no
notice to or filing with, any Governmental Authority or other regulatory body is
required in connection with the due execution, delivery and performance by any
Borrower of this Amendment, any other Fourth Amendment Document or any First
Tennessee Loan Document or the performance by any Borrower of the Loan
Agreement, as amended hereby.

                  (d) Each of this Amendment, the other Fourth Amendment
Documents, the First Tennessee Loan Documents and the Loan Agreement, as amended
hereby, constitutes the legal, valid and binding obligations of each Borrower
that is a party thereto, enforceable against each Borrower in accordance with
their terms.

                  (e) The representations and warranties contained in Section 5
of the Loan Agreement are true and correct on and as of the Fourth Amendment
Effective Date as though made on and as of the Fourth Amendment Effective Date
(except to the extent such representations and warranties expressly relate to an
earlier date), and no Event of Default has occurred and is continuing on and as
of the Fourth Amendment Effective Date.

                                       6
<PAGE>

                  (f) The Parent has delivered to Agent a true, complete and
correct copy of the First Tennessee Loan Agreement, including all schedules and
exhibits thereto, all other First Tennessee Loan Documents and the IBM
Contracts. The First Tennessee Loan Documents and the IBM Contracts set forth
the entire agreement and understanding of the parties thereto relating to the
subject matter thereof, and there are no other agreements, arrangements or
understandings, written or oral, relating to the matters covered thereby.

         9. Miscellaneous.

                  (a) Continued Effectiveness of the Loan Agreement. Except as
otherwise expressly provided herein, the Loan Agreement and the other Loan
Documents are, and shall continue to be, in full force and effect and are hereby
ratified and confirmed in all respects, except that on and after the Fourth
Amendment Effective Date (i) all references in the Loan Agreement to "this
Agreement", "hereto", "hereof", "hereunder" or words of like import referring to
the Loan Agreement shall mean the Loan Agreement as amended by this Amendment,
and (ii) all references in the other Loan Documents to which any Borrower is a
party to the "Loan Agreement", "thereto", "thereof", "thereunder" or words of
like import referring to the Loan Agreement shall mean the Loan Agreement as
amended by this Amendment. Except as expressly provided herein, the execution,
delivery and effectiveness of this Amendment shall not operate as an amendment
of any right, power or remedy of Agent or any Lender under the Loan Agreement or
any other Loan Document, nor constitute an amendment of any provision of the
Loan Agreement or any other Loan Document.

                  (b) Counterparts. This Amendment may be executed in any number
of counterparts and by different parties hereto in separate counterparts,
including by facsimile, each of which shall be deemed to be an original, but all
of which taken together shall constitute one and the same agreement.

                  (c) Headings. Section headings herein are included for
convenience of reference only and shall not constitute a part of this Amendment
for any other purpose.

                  (d) Governing Law. This Amendment shall be governed by, and
construed in accordance with, the law of the State of New York.

                  (e) Costs and Expenses. The Borrowers jointly and severally
agree to pay on demand all reasonable fees, costs and expenses of Agent and each
Lender in connection with the preparation, execution and delivery of this
Amendment and the other related agreements, instruments and documents.

                  (f) Amendment as Loan Document. Each Borrower hereby
acknowledges and agrees that this Amendment constitutes a "Loan Document" under
the Loan Agreement. Accordingly, it shall be an Event of Default under the Loan
Agreement (i) if any representation or warranty made by a Borrower under or in
connection with this Amendment shall have been untrue, false or misleading in
any material respect when made or (ii) if Borrowers fail to perform, keep, or
observe any term, provision, condition, covenant, or agreement contained in this
Amendment.

                                       7
<PAGE>

                  (g) Waiver of Jury Trial. EACH BORROWER, THE AGENT AND THE
LENDERS HEREBY IRREVOCABLY WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY
CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AMENDMENT OR ANY OF
THE TRANSACTIONS CONTEMPLATED HEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS,
BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS.

                  [remainder of page intentionally left blank]

                                       8
<PAGE>
         IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed and delivered as of the date first above written.

                                     BORROWERS:

                                     SCB COMPUTER TECHNOLOGY, INC.,
                                     a Tennessee corporation

                                     By:      /s/ Michael J. Boling
                                         ---------------------------------------

                                      Title: Executive Vice President
                                             -----------------------------------

                                     SCB COMPUTER TECHNOLOGY OF ALABAMA, INC.,
                                     an Alabama corporation

                                     By:      /s/ Michael J. Boling
                                         ---------------------------------------

                                      Title: Executive Vice President
                                             -----------------------------------

                                     PARTNERS RESOURCES INC.,
                                     an Arizona corporation

                                     By:      /s/ Michael J. Boling
                                         ---------------------------------------

                                      Title: Executive Vice President
                                             -----------------------------------

                                     REMTECH SERVICES, INC.,
                                     a Virginia corporation

                                     By:      /s/ Michael J. Boling
                                         ---------------------------------------

                                      Title: Executive Vice President
                                             -----------------------------------

                                     AGENT AND LENDER:

                                     WELLS FARGO FOOTHILL, INC.,
                                     a California corporation, as Agent and
                                     as a Lender

                                     By:      /s/ David Sanchez
                                        ----------------------------------------

                                     Title: Vice President

                                       9

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