Document:

<PAGE>   1
                              DATED 9th MARCH, 1998

                       MULTISOFT FINANCIAL SYSTEMS LIMITED

                                      and

                               THE SAGE GROUP PLC

                                       and

                              IBIS SYSTEMS LIMITED

                               -------------------
                               AMENDMENT AGREEMENT
                               -------------------

                                  ALLEN & OVERY
                                     LONDON

                                   C3:117758.1
<PAGE>   2

THIS AGREEMENT is made on    , 1998

BETWEEN:

(1)   MULTISOFT FINANCIAL SYSTEMS LIMITED (registered number 2488578) whose
      registered office is at Cross & Pillory House, Cross & Pillory Lane,
      Alton, Hants GU34 1HL (the "Seller");

(2)   THE SAGE GROUP PLC (registered number 2231246) whose registered office is
      at Sage House, Benton Park Road, Newcastle-upon-Tyne NE7 712 (the
      "Guarantor"); and

(3)   IBIS SYSTEMS LIMITED (registered number 3410598) whose registered office
      is at 2 Twyford Place, Lincoln's Inn, Cressex, High Wycombe.
      Buckinghamshire HP12 3RE (the "Purchaser")

WHEREAS:

The Seller, the Guarantor and the Purchaser have today entered into an agreement
(the "Agreement) for the sale of the Business (as defined in the Agreement) and
have agreed to make certain amendments to the terms of the Agreement.

1T IS AGREED as follows:

1.    All words and expressions defined in the Agreement shall have the same
      meaning in this agreement unless the context otherwise requires.

2.    In consideration of the payment of (pound) 1 by the Purchaser to the
      Seller, receipt of which is acknowledged by execution of this agreement,
      the parties agree that the Agreement shall be amended as follows:

      (i)   the definition of "Contracts" in the Agreement shall be deleted and
            the following definition shall be substituted:

            "Contracts" means all contracts and engagements entered into or
            orders made before the Effective Time by or on behalf of the Seller
            with customers in connection with the Business relating to software
            support (but not sale or supply) and to bespoke modifications (other
            than as provided under clause 2(5)) which remain (in whole or in
            part) to be performed at or after the Effective Time;"

      (ii)  the word "Completion" in the definition of "Debts" shall be deleted
            and substituted by the words "the Effective Time".

      (iii) the words "an irrevocable royalty-free" shall be added after the
            word "Purchaser" in clause 2(4) of the Agreement.

      (iv)  additional sub-clauses (9) and (10) be added to clause 5 of the
            Agreement in the following terms:

<PAGE>   3

                                        2

            "5(9) Save for such liabilities as the Purchaser agrees expressly to
                  assume under this agreement, the Purchaser shall not assume
                  any liability of or relating to the Business in existence at
                  the Effective Time and the Seller agrees to indemnify the
                  Purchaser in respect of any such liability

            5(10) The Purchaser agrees to indemnify the Seller in respect of
                  any liability of or relating to the Business which the
                  Purchaser assumes under this Agreement or which arises after
                  the Effective Time."

      (v)   an additional sentence be added to clause 7(2) as follows:

            "For the avoidance of doubt the Purchaser shall not be precluded
            from providing services to customers and selling software supplied
            by parties other than the Seller's Group."

      (vi)  an additional sub-clause (9) be added to clause 7 of the Agreement
            in the following terms:

            "7(9) The Seller undertakes that, so far as it is aware (other than
                  John Jackman, a former employee of the Seller), it has not,
                  and undertakes that it will not in the future, disclose to any
                  third party the list or any part thereof) of Direct Customers
                  and that it will keep confidential such information as the
                  Seller maintains concerning the direct Customers (Save as
                  required by law or regulation or for the purposes of any form
                  of audit or disclosure to authority)."

      (vii) an additional sub-clause (10) be added to clause 7 of the Agreement
            in the following terms:

                  "The RRP used to calculate the amount payable by the Purchaser
                  to the Seller in respect of the Computer Software and Products
                  under this Agreement shall not include any amount payable in
                  respect of NRG report writing software and, for the avoidance
                  of doubt, sub-clause 7(3) shall not apply to the NRG report
                  writing software.'

      (viii) an additional paragraph 7.2 be added to section 7 of Schedule 5 to
            the Agreement:

                  "7-2 Litigation

                  The Seller is not engaged in any litigation or arbitration
                  proceedings as plaintiff or defendant and no such proceedings
                  have been threatened in the past 12 months in writing against
                  the Seller, in each case. relating to the Business and which
                  would be material in the context of the Business taken as a
                  whole."

            3.    the provisions of clauses 18 and 19 of the Agreement shall be
                  deemed to apply mutatis mutandis to this agreement as if set
                  out in full in this agreement

            (4.)  This agreement shall be construed in accordance with English
                  law. The parties submit to the jurisdiction of the English
                  courts for all purposes relating to this agreement

                                        3

       AS WITNESS the hands of the duly authorised representatives of the
       parties on the date which first appears on page one.

<PAGE>   4

SIGNED BY                )
for and On behalf of     )
MULTISOFT FINANCIAL      )  [ILLEGIBLE]
SYSTEMS LIMITED          )
in the presence of:      )

SIGNED BY                )
for and on behalf of     )  [ILLEGIBLE]
IBIS SYSTEMS LIMITED     )
in the presence of:      )

SIGNED BY                )
for and on behalf of     )  [ILLEGIBLE]
THE SAGE GROUP PLC       )
in the presence of:      )

<PAGE>   5

                              DATED 9th March, 1998

                       MULTISOFT FINANCIAL SYSTEMS LIMITED

                                       and

                               THE SAGE GROUP PLC
                                       and

                              IBIS SYSTEMS LIMITED

                           --------------------------
                           SALE OF BUSINESS AGREEMENT
                           --------------------------

                                  ALLEN & OVERY
                                     London

<PAGE>   6

                                    CONTENTS

Clause                                                                   Page

1.    Interpretation ..................................................   1
2.    Sale of Business ................................................   3
3.    Excluded Assets .................................................   5
4.    Consideration ...................................................   5
5.    Apportionments ..................................................   6
6.    Contracts .......................................................   7
7.    Reseller Agreement ..............................................   8
8.    Product Warranty Claims .........................................   9
9.    Debts and Creditors .............................................  10
10.   Completion ......................................................  10
11.   Warranty ........................................................  11
12.   Employees .......................................................  12
13.   Pensions ........................................................  16
14.   Sales Literature ................................................  16
15.   Announcements ...................................................  16
16.   Value Added Tax .................................................  16
17.   Interest ........................................................  16
18.   Notices .........................................................  17
19    General .........................................................  18
20.   Whole Agreement .................................................  19
21.   Governing Law ...................................................  19
22.   Guarantee .......................................................  19
23.   Source Code Deposit .............................................  19

Schedules

1.    Computer Equipment and Computer Software ........................  20
2.    Transferred Equipment and Licensed Software .....................  22
3.    Direct Customers ................................................  23
4.    Employees .......................................................  24
5.    Warranties ......................................................  26
6.    Orphan Customers ................................................  29

Appendices
1.    Reseller Agreement ..............................................  30
2     Licence to Occupy ...............................................  31
3.    Guarantee .......................................................  32

Signatories ...........................................................  33

<PAGE>   7

THIS AGREEMENT is made on         , 1998

BETWEEN:

(1)   MULTISOFT FINANCIAL SYSTEMS LIMITED (registered number 2488578) whose
      registered office is at Cross & Pillory House, Cross & Pillory Lane,
      Alton, Hants GU34 1HL (the "Seller");

(2)   THE SAGE GROUP PLC (registered number 2231246) whose registered office is
      at Sage House, Benton Park Road, Newcastle-upon-Tyne, NE7 7LZ (the
      "Guarantor"); and

(3)   IBIS SYSTEMS LIMITED (registered numbered 3410598) whose registered office
      is at 2 Twyford Place, Lincoln's Inn, Cressex, High Wycombe,
      Buckinghamshire HP12 3RE (the "Purchaser").

WHEREAS:

(A)   The Seller carries on the Business (as defined below)

(B)   The Seller wishes to sell and the Purchaser wishes to purchase the
      goodwill and certain assets of the Business with a view to carrying on the
      Business as a going concern in succession to the Seller on the terms and
      subject to the conditions set out in this agreement.

(C)   The Guarantor is the parent company of the Seller and has agreed to
      guarantee the Seller's obligations hereunder in accordance with the
      Guarantee (as defined below).

IT IS AGREED as follows:

1.    INTERPRETATION

(1)   In this agreement:

      "Accounts Date" means the date to which the Seller's last filed accounts
      have been prepared namely 30th September, 1996;

      "Agreed Form" means the documents in the form agreed between the parties
      and initialled by them or on their behalf on or before the date of this
      agreement;

      "Assets" means the several assets to be sold by the Seller to the
      Purchaser under this agreement and described in clause 2(1);

      "Business" means the business of supplying computer software and support
      services exclusively to the Direct Customers and the business of supplying
      bespoke software modifications to customers whether or not such customers
      are Direct Customers carried on by the Seller at the Effective Time;

      "Completion" means completion of the sale and purchase of the Assets in
      accordance with clause 10;

<PAGE>   8

                                       2

      "Computer Equipment" means that equipment listed in part A of Schedule
      other than that equipment which is not used in the Business;

      "Computer Software" means that computer software listed in part B of
      Schedule 1;

      "Consideration" means (pound)3,863,000;

      "Contracts" means all contracts and engagements entered into or orders
      made before Completion by or on behalf of the Seller in connection with
      the Business which remain (in whole or in part) to be performed at
      Completion;

      "Creditors" means the aggregate amount owing by the Seller in connection
      with the Business to or in respect of trade creditors and accrued charges
      as recorded in the books of account of the Business at the Effective Time;

      "Debts" means (i) any debts or other sums due or payable to the Seller in
      connection with the Business at Completion, (ii) any debts or other sums
      which become due or payable to the Seller after Completion in connection
      with goods supplied or services performed in connection with the Business
      prior to Completion; and (iii) any interest payable on those debts or
      other sums,

      "Direct Customers" means those customers listed in Schedule 3;

      "Disclosure Letter" means the letter of the same date as this agreement
      from the Seller to the Purchaser in which certain matters are disclosed
      that relate to the Warranties in Schedule 5;

      "Effective Time" means the close of business on 2nd March, 1998;

      "Employees" means those individuals employed by the Seller in the Business
      and named in Schedule 4;

      "Employment Regulations" means the Transfer of Undertakings (Protection of
      Employment) Regulations 1981;

      "Goodwill" means the goodwill of the Seller in relation to the Business
      with the exclusive right for the Purchaser or its assignee to represent
      itself as carrying on the Business in succession to the Seller, but
      excluding any goodwill attaching to Intellectual Property in the Business;

      "Guarantee" means the deed in the form attached as Appendix 3;

      "Information" means all information owned by the Seller and in the
      Seller's possession and reasonably required for the operation of the
      Business including information relating to the supply of materials to the
      Business and to the marketing of any products or services supplied by the
      Business, including (to the extent they exist) customer names and lists,
      sales targets. sales statistics, marketing surveys and reports, marketing
      research, all training manuals and other materials relating to training of
      customers or Employees on the Computer Software and any advertising or
      other promotional materials and all material records and the database
      relating exclusively to material modifications to the Computer Software
      carried out for Direct Customers:

<PAGE>   9

                                       3

      "Intellectual Property" means all patents, design rights, copyrights,
      trade marks, service marks, trade names and all other intellectual
      property rights of any nature whatsoever throughout the world whether
      registered or unregistered and including all applications and rights to
      apply for any of the same;

      "Liabilities" means the liabilities of the Business (other than the
      Creditors) in respect of a matter relating to the Business which has
      arisen before the Effective Time but excluding any liability arising
      after the Effective Time;

      "Licence to Occupy" means the agreement in the form attached as Appendix
      2;

      "Licensed Software" means the software licensed from third parties,
      required for the Business and used exclusively in the Business set out in
      Schedule 2, Part B;

      "License Codes" means the codes issued by the Seller required by the
      Direct Customers in order to obtain access to and use the Computer
      Software;

      "Orphan Customers" means the customers set out in Schedule 6;

      "Purchaser's Solicitors" means Beale & Co of Garrick House, 27-32 King
      Street, Covent Garden, London, WC2E 8JD; 5

      "Reseller Agreement" means the agreement in the form attached as
      Appendix I;

      "Seller's Group" means The Sage Group plc and its subsidiaries;

      "Seller's Solicitors" means Allen & Overy of One New Change, London EC4M
      9QQ;

      "subsidiary" means a subsidiary as defined in the Companies Act 1985
      (s.736);

      "Transferred Equipment" means the equipment set out in Schedule 2, Part A;

      "VAT" means value added tax; and

      "Warranties" means the warranties of the Seller contained in this
      agreement.

(2)   Words denoting a person shall include a body corporate, and vice versa;
      words denoting the singular include the plural and vice versa;

(3)   Subclauses (1) and (2) above apply unless the contrary intention appears.

(4)   The headings in this agreement do not affect its interpretation.

2.    SALE OF BUSINESS

(1)   Subject to the terms and conditions of this agreement the Seller shall
      sell with full title guarantee (save in respect of the Transferred
      Equipment which is subject to hire purchase and I the Contracts) and the
      Purchaser shall purchase the following assets with a view to the Purchaser
      carrying on the Business from the Effective Time as a going concern in
      succession to the Seller:

<PAGE>   10

                                       4

      (a)   the Goodwill;

      (b)   the Transferred Equipment;

      (c)   the benefit (subject to the burden) of the Contracts;

      (d)   the Information;

      (e)   copies of all records and other documents relating exclusively to
            the Business (other than the value added tax records referred to in
            clause 16) including copies of payroll records, income records,
            records of national insurance and PAYE relating to all Employees
            duly completed and up to date; and

      (f)   the Computer Equipment.

(2)   The Seller shall sell the Assets and property and risk in those Assets
      shall vest in the Purchaser as from the Effective Time.

(3)   The Seller and the Purchaser agree that, for the duration of the Licence
      to Occupy, the Seller I shall be granted by the Purchaser reasonable
      access to the Computer Equipment (and any Computer Software used on it) to
      the extent that such Computer Software and Computer Equipment is required
      by the Seller to operate its business. The Seller and Purchaser agree to I
      co-operate fully to ensure that any computer equipment which is not used
      in the Business is identified before the termination of the Licence to
      Occupy and (without cost to the Purchaser) that the Purchaser co-operates
      to ensure that the Seller is able to continue its remaining business
      after the end of this access period.

(4)   The Seller shall grant the Purchaser a non exclusive non-transferable
      licence in the UK to use, copy and modify the training manuals relating
      to the Computer Software contained in the Information.

(5)   The Seller agrees that, notwithstanding anything in this agreement it will
      provide the services relating to training, consultancy, installation and
      data conversion (the "Services") to Direct I Customers to the extent that:

      (a)   it has agreed with Direct Customers before the Effective Time that
            such Services will be provided;

      (b)   those Services have not been fully provided before the Effective
            Time; and

      (c)   those Services are due to be provided in the 3 month period
            following the Effective Time.

(6)   In relation to the Services which the Seller is to provide pursuant to
      subclause 2(5) above the Seller agrees it will pay the cost of providing
      the Services, including the costs, if any, in relation to subcontracted
      work carried out for this purpose.

<PAGE>   11

                                        5

(7)   For the avoidance of doubt, any additional Services which are required by
      the Direct Customers which are not within the terms of subclause 2(5)
      above shall be provided at the Purchaser's expense and the Seller agrees
      to refer any requests for such Services promptly to the Purchaser.

3.    EXCLUDED ASSETS

      Nothing in this agreement shall operate to transfer any assets or rights
      of the Seller or any of its subsidiaries other than those specifically
      referred to in clause 2(1) and without limiting the generality of the
      foregoing there shall be expressly excluded and excepted from the sale and
      purchase and nothing in this agreement shall operate to transfer to:

      (a)   the statutory books and records of the Seller; or

      (b)   the Debts; or

      (c)   any prepayments or debts or other sums to become due to the Seller
            after Completion in connection with goods invoiced prior to such
            time including, for the avoidance of doubt, any accrued income
            provisions; or

      (d)   any cash in hand or at bank or bills receivable; or

      (e)   any Intellectual Property of the Seller including, without
            limitation, any Intellectual Property rights in the Computer
            Software; or

      (f)   without prejudice to (e) above, the right to use the names
            "Multisoft", "Sage" and "Sage Multisoft"; or

      (g)   the benefit of any insurance effected by or on behalf of the Seller;
            or

      (h)   the premises, land or buildings of the Seller.

4.    CONSIDERATION

(1)    The Consideration shall be allocated as follows:

      (a)   for the Goodwill, the sum of (pound)3,766,033;

      (b)   for the Transferred Equipment and Computer Equipment, the sum
            of (pound)96,966;

      (c)   for the benefit (subject to the burden) of the Contracts, the
            Purchaser's covenant in clause 6(1);

      (d)   for the remaining items in clause 2(1) the sum of (pound)l.

(2)   The Consideration shall be paid in full on Completion in immediately
      available funds to the account of the Seller at:

<PAGE>   12

                                       6

           Bank:           Lloyds Bank plc, Haymarket, Newcastle-upon-Tyne
           sort code:      30-90-50
           account number: 0649109

      or such other account as the Seller may specify.

5.    APPORTIONMENTS

(1)   Subject to the provisions of the Licence to Occupy, all rents, rent
      charges, rates, insurance premiums, gas, water, electricity and telephone
      charges, royalties and other outgoings relating to or payable or accruing
      in respect of the Business down to the Effective Time shall be borne by
      the Seller and as from the Effective Time shall be borne by the Purchaser
      and all maintenance and support charges, lease payments, royalties and
      other periodical payments receivable or accruing in respect of the
      Business down to and including the Effective Time shall belong to the
      Seller and as from the Effective Time shall belong to the Purchaser. Those
      outgoings and amounts receivable shall if necessary be apportioned
      accordingly provided that all outgoings specifically referable to the
      extent of the use of any property or rights shall be apportioned according
      to the extent of such user.

(2)   The Seller and the Purchaser agree that the amount of prepayments paid by
      the Direct Customers or invoiced by the Seller prior to the Effective Time
      under Contracts in respect of renewal periods of Contracts where the
      maintenance obligation has started before the Effective Time and which are
      continuing in whole or in part after the Effective Time or where the
      maintenance obligation commences after the Effective Time is
      (pound)863,000 (net of VAT) ("Prepayments"). The Purchaser shall, on
      Completion, issue an invoice to the Seller for the Prepayments (including
      a valid VAT invoice) and the Prepayments and VAT thereon shall be paid by
      the Seller to the Purchaser on receipt of that invoice at the same time as
      payment is made by the Purchaser under clause 4(2).

(3)   If the Seller pays the Purchaser an amount in respect of VAT under clause
      5(2) and Customs determine at any time that all or part of it was not
      properly chargeable, the Purchaser shall repay the amount or relevant part
      of it to the Seller. The Purchaser shall make the repayment promptly after
      the determination. For the purposes of this clause, Customs shall be taken
      to have determined that an amount of VAT was not properly chargeable if
      the Seller or the representative member of the group of companies of which
      the Seller is a member for the purposes of VAT is unable to obtain credit
      for such VAT as input tax (whether by way of credit or actual repayment)
      in the relevant VAT accounting period of the Seller in which the invoice
      is raised and the Seller agrees to use the invoice in its current VAT
      period. The Purchaser shall also pay to the Seller forthwith any interest,
      penalty, charge or other amount required to be paid by Customs as a result
      of its determination that any VAT paid under clauses 5(2) was not properly
      chargeable.

(4)   All salaries, wages and other emoluments and all contributions for which
      the Seller is liable as an employer in respect of any employee under any
      contractual or statutory obligation (including all income tax deductible
      under P.A.Y.E. for which the Seller is accountable and all employer's
      contributions to the Seller's Pension Scheme and all other normal
      employment costs in respect of the Employees) shall be borne by the Seller
      down to the Effective Time and thereafter by the Purchaser and shall if
      necessary be apportioned accordingly.

(5)   Sums payable periodically shall be apportioned by charging or allowing:

<PAGE>   13

                                        7

      (a)   for any payment period entirely attributable to one party, the whole
            of the instalment payable for that period;

      (b)   for any part of a payment period, a proportion on an annual basis.

(6)   If any sum payable in respect of any period falling wholly or partly prior
      to the Effective Time has not been quantified or has not been notified to
      the Seller, a reasonable provisional apportionment shall be made on the
      basis of the best estimate available.

(7)   Upon the amount referred to in subclause 5(6) being quantified or notified
      a final apportionment shall be made and the relevant party shall, within 7
      days, make an appropriate balancing payment to the other party.

(8)   The net amount (if any) payable by or to either party under this clause
      shall be agreed between the parties within 7 days after the Effective Time
      and failing such agreement shall be determined by an independent
      accountant to be agreed between the parties or, if they cannot agree on
      one within 14 days after the end of such period, to be appointed on
      application of either party by the President for the time being of
      Institute of Chartered Accountants in England and Wales.

6.    CONTRACTS

(1)   As part of the consideration for the sale and purchase of the Assets the
      Purchaser shall:

      (a)   accept assignments from the Seller of or join with the Seller in
            procuring a novation of the Contracts;

      (b)   carry out, perform and discharge all the obligations and liabilities
            created by or arising under the Contracts except for any material
            obligations and liabilities attributable to a breach on the part of
            the Seller prior to the Effective Time and except in relation to
            those obligations and liabilities to carry out the work referred to
            under clause 2(5).

(2)   The Purchaser shall indemnify the Seller against all actions, proceedings,
      costs, damages, claims and demands in respect of any failure on the part
      of the Purchaser to carry out, perform and discharge all the obligations
      and liabilities created by or arising under the Contracts (except as
      provided under 6(1)(b)) to the extent that they fall to be carried out,
      performed and discharged after the Effective Time. The Seller shall
      indemnify the Purchaser against all actions, proceedings, costs, damages,
      claims and demands in respect of any failure on the part of the Seller to
      carry out, perform and discharge all the obligations and liabilities
      created by or arising under the Contracts in the period up to the
      Effective Time to the extent that they fall to be carried out, performed
      and discharged up to the Effective Time.

(3)   Insofar as the benefit or burden of any of the Contracts cannot
      effectively be assigned to the Purchaser except by an agreement or
      novation with, or consent to the assignment from, the person, firm or
      company concerned:

      (a)   the Seller shall at the Purchaser's request and expense use all
            reasonable endeavours with the co-operation of the Purchaser to
            procure such novation or assignment;

<PAGE>   14

                                        8

      (b)   until the Contract is novated or assigned the Seller shall hold it
            and also the benefits arising under it in trust for the Purchaser
            absolutely and the Purchaser shall (if such sub-contracting is
            permissible and lawful under the Contract), as the Seller's
            subcontractor, perform all the obligations of the Seller under the
            Contract to be discharged after Completion and shall indemnify the
            Seller against all actions, proceedings, costs, damages, claims and
            demands in respect of any failure on the part of the Purchaser to
            perform those obligations; and

      (c)   until the Contract is novated or assigned the Seller shall (so far
            as it lawfully may) give all reasonable assistance to the Purchaser
            (at the Purchaser's request and expense) to enable the Purchaser
            to enforce its rights under the Contract.

(4)   For the purpose of obtaining the effective assignment of the Contracts to
      the Purchaser the Seller and the Purchaser agree to notify together in
      writing the Direct Customers on or as soon as practicable after the
      Effective Time (in such form as both parties shall agree) of the
      assignment of each Direct Customer's Contracts to the Purchaser to the
      extent the same are assignable to the Purchaser without the relevant
      Direct Customer's prior written consent.

(5)   The Seller agrees that it shall, at the Purchaser's request and expense,
      use all reasonable endeavours with the co-operation of the Purchaser to
      procure the assignment to the Purchaser of the right to use the Licensed
      Software following Completion to the extent that it is assignable and used
      exclusively for the Business. Following any such assignment, the Purchaser
      shall undertake to perform and discharge all of the obligations and
      liabilities relating to the Licensed Software imposed by any third party
      including the owner of Licensed Software save for any that relate to the
      period up to the Effective Time. For the avoidance of doubt, clauses 6(2)
      and 6(3) above shall apply mutatis mutandis to the Licensed Software.

7.    RESELLER AGREEMENT

(1)   The Seller and the Purchaser agree that from the Effective Time the
      Reseller Agreement shall be deemed to apply mutatis mutandis in respect of
      the Direct Customers as if those Direct Customers were "Customers" as
      defined under the Reseller Agreement. In the event of any conflict or
      inconsistency between the provisions of the Reseller Agreement and this
      Agreement the provisions of this Agreement shall take precedence. The
      following clauses 7(1) to 7(8) inclusive shall be read in conjunction with
      the Reseller Agreement.

(2)   After the Effective Time the Purchaser, in accordance with the Reseller
      Agreement, undertakes to the Seller that the Purchaser will provide the
      Direct Customers with services and software supplied by the Seller's
      Group and provide the Direct Customers with a full and professional
      service and will respond to all requests for information and assistance
      from Direct Customers in an efficient and timely manner.

(3)   The Purchaser and the Seller agree that with effect from the Effective
      Time the Seller shall charge the Purchaser and the Purchaser shall pay the
      Seller's recommended retail price ("PRP") in respect of the Computer
      Software and the Products (as defined in the attached Reseller Agreement
      (as amended)) less a discount as follows:

      (a)   60% of the RRP in respect of the initial licence of any Computer
            Software or the Products in respect of the Direct Customers.

<PAGE>   15

                                        9

      (b)   70% of the RRP in respect of annual licence fees payable in respect
            of Direct Customers' continued use of the Computer Software or the
            Products.

      All payments shall be made by the Purchaser within 30 days of the Seller's
      invoice in respect of the relevant amounts.

(4)   All payments required to be made by the Purchaser to the Seller under the
      Reseller Agreement shall be made in pounds sterling to a bank account
      nominated by the Seller.

(5)   The actual payment of all amounts due under the Reseller Agreement is of
      the essence to the agreement. The Purchaser shall in addition pay to the
      Seller interest on any overdue payment calculated on a daily basis at a
      rate of 2 per cent. (2%) per annum above the National Westminster Bank
      plc's base rate from time to time in force from the due date until the
      date of actual payment, and interest shall accrue before as well as after
      any payment.

(6)   For the purpose of assuring to the Purchaser the full value and benefit of
      the Business acquired under this agreement the Seller undertakes to the
      Purchaser that for a period of 5 years after the Effective Time the Seller
      will issue the License Codes only to the Purchaser or to one of its
      subsidiaries and shall not issue nor purport to issue the License Codes to
      anyone else during this period. The Seller and the Guarantor further agree
      that during such period neither of them will deal direct with Direct
      Customers or Orphan Customers or knowingly authorise any third party to
      deal with Direct Customers or Orphan Customers in so far as such dealings
      relate to software products or services provided by the Seller or the
      Guarantor and shall promptly refer to the Purchaser all enquiries from
      Direct Customers or Orphan Customers relating to the Business and assign
      all orders relating to the Business which the Seller or the Guarantor may
      in the 5 year period receive from Direct Customers or Orphan Customers.

(7)   The Seller agrees that the RRP on which annual licence fees under claues
      7(3)(b) above to Direct Customers have been calculated in the Business
      immediately prior to the Effective Time shall for a period of 5 years from
      the date of this Agreement not be reduced and, if increased, shall not be
      increased above the percentage increase in the Retail Prices Index from
      time to time.

(8)   The Seller and the Purchaser agree that all the provisions of the Reseller
      Agreement shall remain confidential between the parties and shall remain
      confidential notwithstanding any termination of this agreement or the
      Reseller Agreement.

8.    PRODUCT WARRANTY CLAIMS

(1)   If any warranty or guarantee claims arise after the Effective Time in
      respect of any item of Computer Equipment supplied by the Seller to a
      Direct Customer in connection with the Business before the Effective Time
      (other than any equipment originally supplied by the Purchaser) then,
      while the Seller shall be liable as against the relevant claimant and
      shall indemnify the Purchaser accordingly, the Purchaser shall, if so
      requested by the Seller, either: (a) carry out or provide any repairs or
      replacements at the Purchaser's normal rates or price current at the time
      of repair or replacement at the Seller's cost; or (b) allow provide any
      repair or replacement to the claimant (either directly, subcontractors or
      agents).

<PAGE>   16

                                       10

(2)   The Purchaser shall notify the Seller of any claim made after the
      Effective Time to which subclause (1) applies and before taking any action
      which may result in it claiming payment from the Seller under this clause
      the Purchaser shall obtain the written approval of the Seller as to: (a)
      the services to be supplied or goods to be provided to meet the claim; and
      (b) the charge, if any, to be made by the Purchaser for those services or
      goods.

(3)   If any malfunctions in respect of any Computer Software supplied by the
      Seller to a Direct Customer in connection with the Business before the
      Effective Time arise after the Effective  Time and require software
      support or maintenance then the Seller shall provide to the Purchaser such
      support or maintenance on the terms of the Reseller Agreement.

(4)   Subject to the terms of this agreement and the Reseller Agreement, the
      Purchaser shall be responsible for any warranty or guarantee claim arising
      in respect of any item supplied in connection with the Business at any
      time after the Effective Time and the Purchaser shall indemnify the Seller
      against all actions, proceedings, costs, damages, claims and demands in
      respect of every such claim.

(5)   Subject to the terms of this agreement and the terms of the Reseller
      Agreement, the Purchaser shall be responsible for all support services
      required after the Effective Time in respect of any Computer Software
      supplied in connection with the Business whether such supply was made
      before or after the Effective Time and the Purchaser shall indemnify the
      Seller against all actions, proceedings, costs, damages, claims and
      demands in respect of the provision of, or failure to provide, such
      support services.

9.    DEBTS AND CREDITORS

(1)   The Seller shall collect the Debts for its own account and the Purchaser
      shall give all reasonable assistance to the Seller to enable the Seller to
      collect the Debts.

(2)   The Seller shall use all reasonable endeavours to collect promptly all
      Debts.

(3)   The Purchaser shall account to the Seller for any Debts paid to it within
      14 days of receipt in accordance with subclause (4).

(4)   Any sums received by the Purchaser in respect of any of the Debts shall be
      held on trust by the Purchaser for the Seller. The Purchaser shall pay all
      such sums to an account nominated by the Seller and shall provide the
      Seller with a schedule setting out details of all Debts received by it, on
      a fortnightly basis.

(5)   The Seller shall discharge the Creditors and Liabilities and shall
      indemnify the Purchaser against all costs, claims, demands and liabilities
      in respect of them other than in each case any liabilities which the
      Purchaser has agreed to perform or discharge expressly in this or in any
      other agreement in writing with the Seller.

10.   COMPLETION

(1)   Completion shall take place at the Seller's Solicitor's offices on
      Thursday, 5th March, 1998.

(2)   On Completion:

<PAGE>   17

                                               11

      (a)   the Seller shall let the Purchaser into possession of the Assets;

      (b)   the Purchaser shall pay to the Seller the sum of (pound)3,863,000;
            and

      (c)   the parties shall execute the Licence to Occupy; and

      (d)   the Guarantor shall execute the relevant Guarantee; and

      (e)   the Seller shall, on receipt of the invoice outlined in clause 5(2)
            above, pay to the Purchaser the sum of (pound)863,000 plus VAT.

(3)   The Seller and the Purchaser shall each provide the other upon request
      with full and free access (including the right to take copies) during
      usual business hours to the books, accounts and records of the Business to
      be held by each of them after Completion and which relate to the period
      up to Completion.

11. WARRANTY

(1)   The Purchaser shall take the Assets and the Licensed Software (to the
      extent it is assigned) in the condition in which they are and no warranty
      or assurance is given or implied as to their condition, quality or
      fitness save as specified in this agreement.

(2)   The Purchaser shall satisfy itself by carrying out such tests as are
      necessary that the Assets are I safe and without risk to health before
      they are put to use at work.

(3)   Save as provided under clause 8 the Seller gives no warranty or
      representation that the Direct Customers will remain customers of the
      Business after the Effective Time.

(4)   The Purchaser warrants that it has, or will have following Completion, the
      capacity and facilities to service the Direct Customers in accordance with
      the requirements of clause 7(2) and its obligations under the Reseller
      Agreement.

(5)   The Seller warrants to the Purchaser that, save, as fairly set out or
      referred to in the Disclosure Letter, the Warranties set out in Schedule 5
      are true and accurate in all material respects;

(6)   The rights and remedies of the Purchaser in respect of any breach of the
      Warranties shall not be affected by completion of the purchase of the
      Business.

(7)   The Purchaser acknowledges and agrees that:

      (a)   the Warranties set out in this clause and Schedule 5 to this
            agreement are the only representations, warranties or other
            assurances of any kind given by or on behalf of the Seller and on
            which the Purchaser may rely in entering into this agreement;

      (b)   no other statement, promise or forecast made by or on behalf of the
            Seller may form the basis of, or be pleaded in connection with, any
            claim by the Purchaser under or in connection with this agreement;

<PAGE>   18

                                       12

      (c)   any claim by the Purchaser or any person deriving title from it in
            connection with the Warranties (a "Warranty Claim") shall be subject
            to the following provisions of this clause; and

      (d)   at the time of entering into this agreement it is not aware of any
            matter or thing which is inconsistent with the Warranties or
            constitutes a breach of any of them.

(8)   The liability of the Seller under or in respect of the Warranties shall be
      limited as follows:

      (a)   there shall be disregarded for all purposes any breach of the
            Warranties in respect of which the amount of the damages to which
            the Purchaser would otherwise be entitled is less than (pound)7,500;

      (b)   the Purchaser shall not be entitled to recover any damages in
            respect of any breach or breaches of the Warranties unless the
            amount of damages in respect of such breach or breaches exceeds in
            aggregate the sum of (pound)75,000;

      (c)   the maximum aggregate liability of the Seller in respect of all and
            any Warranty Claims shall not exceed (pound)3,000,000.

(9)   The Purchaser shall not be entitled to make any Warranty Claim in respect
      of anything arising from any transaction, matter or thing fairly disclosed
      in the Disclosure Letter;

(10)  If the Purchaser or any of the Companies becomes aware of a matter which
      could give rise to a Warranty Claim the Seller shall not be liable in
      respect of it unless notice of the relevant facts is given by the
      Purchaser to the Seller as soon as reasonably practicable and in any event
      within 3 months of the Purchaser becoming aware of those facts.

(11)  The Seller shall cease to have any liability under or in respect of the
      Warranties 12 months after the Effective Time except in respect of a
      Warranty Claim of which the Purchaser gives notice to the Seller before
      the relevant date and in accordance with subclause (10) above but the
      liability of the Seller in respect of any Warranty Claim shall absolutely
      terminate if I proceedings in respect of it have not been commenced
      within twelve months of service of notice of that Warranty Claim.

(12)  Any payment made by the Seller in respect of a breach of the Warranties
      shall be deemed to be a reduction in the consideration for the sale of the
      Assets.

(13)  The provisions of this clause shall have effect notwithstanding any other
      provisions of this agreement.

12.   EMPLOYEES

(1)   The Seller and the Purchaser acknowledge and agree that under the
      Employment Regulations the contracts of employment between the Seller
      and the Employees will have effect after the Effective Time as if
      originally made between the Purchaser and the Employees. On or as soon as
      practicable after the Effective Time the Seller and the Purchaser shall
      jointly issue to each Employee a notice in the Agreed Form.

<PAGE>   19

                                       13

(2)   The Seller shall discharge all its obligations in respect of the Employees
      up to the Effective Time and shall indemnify the Purchaser against all
      liabilities arising from the Seller's failure to do so.

(3)   The Purchaser shall on and from the Effective Time discharge all the
      obligations of the employer in relation to the Employees and shall
      indemnify the Seller against all liabilities arising from the Purchaser's
      failure to do so.

(4)   The Seller shall indemnify the Purchaser against any liability relating to
      an Employee which arises out of any act or omission by the Seller or any
      other event, matter or circumstance occurring before the Effective Time
      excluding:

      (a)   any liabilities which arise out of a complaint of failure to comply
            with any requirement of Regulation 10 of the Employment Regulations
            or in respect of an award of compensation under Regulation 11;

      (b)   any liability referred to in (5) below.

(5)   The Purchaser shall (subject to the provisions of subclause (6) below)
      indemnify the Seller against any liability relating to an Employee which
      arises out of or in connection with:

      (a)   any provision of this agreement including (without limitation) the
            change of employer occurring by virtue of the Employment Regulations
            and/or this agreement;

      (b)   the termination of his employment, a change to a term of his
            employment or working conditions (including, without limitation, any
            term under an occupational pension scheme), any act or omission by
            the Purchaser or any other event, matter or circumstance occurring
            at or after Completion;

      (c)   any breach of Regulation 10 of the Employment Regulations.

(6)   (a)   The Seller agrees to pay the Purchaser the sums set out in clause
            6(b) (the "Redundancy Costs") in respect of any Employee whose
            employment is terminated by the Purchaser by reason of redundancy
            (as defined in section 139(1) of the Employment Rights Act 1996),
            subject to the following conditions:

            (i)   the Purchaser shall indicate on a confidential basis by
                  written notice to the Seller the financial terms on which it
                  proposes to make any Employee(s) redundant and the proposed
                  Redundancy Costs;

            (ii)  the Seller shall, within 7 days of receipt of such written
                  notice, confirm to the Purchaser whether it agrees to the
                  proposed Redundancy Costs being paid to such Employee. In the
                  absence of response to the contrary from the Seller within
                  such period the Purchaser shall be entitled to assume the
                  Seller's agreement thereto. In the event that the Seller does
                  not agree, it shall in its response state what other sum it
                  would agree to be paid to the Employee. The Purchaser agrees
                  to discuss with the Seller in good faith what sum it would be
                  fair and reasonable to pay but if agreement shall not be
                  reached within a further 7 days the Purchaser shall be
                  entitled to call on the Seller to make
<PAGE>   20

                                       14

                  payment in such amount as the Purchaser in its reasonable
                  opinion considers represents a fair and reasonable amount;

            (iii) within 7 days of receipt by the Seller of a properly drawn
                  invoice from the Purchaser, the Seller shall make payment to
                  the Purchaser in the amount agreed or considered by the
                  Purchaser to be reasonable in accordance with (ii) above
                  together with VAT thereon.

            provided always that a payment shall only be paid to the Purchaser
            pursuant to the terms of this clause if the dismissal of the
            Employee takes place within two months of the Effective Time.

      (b)   The Redundancy Costs referred to in clause 6(a) above shall be
            limited to:

            (i)   any statutory redundancy entitlement of an Employee calculated
                  in accordance with the provisions of sections 162(1) and (2)
                  of the Employment Rights Act 1996 and

            (ii)  any entitlement in respect of an Employee's contractual or
                  statutory notice period or unfair dismissal compensation and
                  such other sums as may be agreed by the Seller pursuant to 6
                  (a) (i) above, provided that the total sums payable to the
                  Purchaser by the Seller pursuant to this subclause (b)(ii)
                  shall not exceed (pound)20 000.

(7)   In this clause:

      "Beneficiary" means, in relation to an indemnity, the Purchaser or the
      Seller (as appropriate) receiving the benefit of the indemnity;

      "claim" includes a claim by any Purchaser or the Seller (as appropriate)
      (including a trade union, a governmental or statutory or local authority
      or commission),

      "Covenantor" means, in relation to an indemnity, the person undertaking to
      indemnify the Beneficiary; and

      "liability" and "liabilities" includes any award, compensation, damages,
      fine, loss, order, payment made by way of settlement, costs and expenses
      (including legal expenses on an indemnity basis) properly incurred in
      connection with a claim and also includes the costs and expenses of any
      investigation by the Equal Opportunities Commission, the Commission for
      Racial Equality or health and safety enforcement body and of implementing
      any requirements which may arise from any such investigation.

(8)   If the Beneficiary becomes aware of any matter which might give rise to a
      claim for an indemnity from the Covenantor, the following provisions shall
      apply:

      (a)   the Beneficiary shall immediately give written notice to the
            Covenantor of the matter in respect of which the indemnity is being
            claimed (stating in reasonable detail the nature of the matter and,
            so far as practicable, the amount claimed) and shall consult with
            the Covenantor with respect to the matter. If the matter has become
            the subject of any proceedings the Beneficiary shall give the notice
            within sufficient time to enable the
<PAGE>   21

                                       15

            Covenantor time to contest the proceedings before any first instance
            judgement in respect of such proceedings is given;

      (b)   the Beneficiary shall:

            (i)   take such action and institute such proceedings, and give such
                  information and assistance, as the Covenantor or its insurers
                  may reasonably request to dispute, resist, appeal, compromise,
                  defend, remedy or mitigate the matter or enforce against any
                  person (other than the Covenantor) the rights of the
                  Beneficiary or its insurers in relation to the matter;

            (ii)  in connection with any proceedings related to the matter
                  (other than against the Covenantor) use professional advisers
                  nominated by the Covenantor or its insurers and, if the
                  Covenantor or its insurers so requests, allow the Covenantor
                  or its insurers the exclusive conduct of the proceedings in
                  each case on the basis that the Covenantor shall fully
                  indemnify the Beneficiary for all costs incurred as a result
                  of any request or nomination by the Covenantor or its
                  insurers; and

            (iii) not admit liability in respect of or settle the matter without
                  the prior written consent of the Covenantor, such consent
                  not to be unreasonably withheld or delayed; and

      (c)   if the Covenantor has conduct of any litigation and negotiations in
            connection with a claim, the Covenantor shall promptly take all
            proper action to deal with the claim so as not, by any act or
            omission in connection with the claim, to cause the Beneficiary to
            be in breach of its obligations to its current or past employees
            or to cause the Beneficiary's business interests to be materially
            prejudiced.

(9)   If the Covenantor does not elect to have conduct of any litigation and
      negotiations in connection with a claim by notice in writing to the
      Beneficiary within seven days of the Beneficiary giving notice of the
      matter which might give rise to a claim for an indenimty under this clause
      the Beneficiary shall be at liberty to take such action in relation to
      that matter as it considers expedient

(10)  If the Inland Revenue brings into any charge to taxation any sum payable
      under any of the indemnities contained in this clause, the amount so
      payable shall be grossed up by such amount (such amount being referred to
      as the "gross-up amount") as will ensure that after deduction of the tax
      so chargeable there shall remain a sum equal to the amount that would
      otherwise have been payable under such indemnity. To the extent that the
      Beneficiary subsequently obtains any tax credit, allowance, repayment or
      relief as a result of the Covenantor paying to it the gross-up amount, it
      shall pay to the Covenantor so much of the economic benefit from that tax
      credit, allowance, repayment or relief which it has received as does not
      exceed the gross-up amount (any question as to the accrual or amount of
      any such economic benefit, the order and manner of making any claim for
      any tax credit, allowance, repayment or relief, and the timing of any
      payment, being determined by the Beneficiary's auditors).

(11)  Any failure by any party to exercise any rights under this clause will
      not operate as a waiver by that party of any such rights nor should it
      prevent that party from exercising the same right. The liability of any
      party under this clause shall not be released, impaired or affected by

<PAGE>   22

                                       16

      anything done by or arrangements or alterations of terms made with any of
      the parties to this agreement.

(12)  The indemnities given by the Covenantor in this clause are in addition to
      any rights which the Beneficiary may have at law or otherwise including,
      but not limited to, any right of contribution.

(13)  The indemnities contained in this clause shall, for the avoidance of
      doubt, extend to include all costs and expenses suffered or reasonably
      incurred by the Beneficiary in connection with enforcing its rights under
      this clause.

(14)  No statement in the Disclosure Letter shall affect any of the indemnities
      in this clause.

13.   PENSIONS

      The Seller shall be responsible for payments into the Seller's pension
      fund in respect of Employees for the period up to the Effective Time but
      not thereafter. Any contractual pension rights of the Employees for any
      subsequent period are the responsibility of the Purchaser and the
      Purchaser will not participate in the Seller's pension fund.

14.   SALES LITERATURE

      As from Completion the Purchaser shall not represent that the Seller
      retains any connection with the Business as principal and shall ensure
      that no catalogue or item of sales literature or publicity material
      relating to the Business is distributed or issued by it after Completion
      with any reference to the Seller or the Seller's Group other than in a
      manner which accurately reflects the terms of the Reseller Agreement and
      clause 7 of this Agreement.

15.   ANNOUNCEMENTS

      No party shall make or permit any member of the Seller's Group or the
      Purchaser's Group or any person connected with it to make any announcement
      concerning this sale and purchase or any ancillary matter before, on or
      alter Completion except as required by law, The London Stock Exchange
      Limited or any competent regulatory body or with the written approval of
      the Purchaser and the Seller, such approval not to be unreasonably
      withheld or delayed.

16.   VALUE ADDED TAX

(1)   The Seller and the Purchaser intend that article 5 of the Value Added Tax
      (Special Provisions) Order 1995 ("article 5") shall apply to the sale of
      the Assets under this agreement, so that the sale is treated as neither a
      supply of goods nor a supply of services.

(2)   If nevertheless any VAT is payable on any supply by the Seller under this
      agreement, the Purchaser shall pay it the amount of that VAT in addition
      to the consideration (and indemnify it for any interest and penalties
      imposed by HM Customs & Excise ("Customs") arising out of the treatment by
      the Seller and the Purchaser of the sale as described in (1) above) and
      the Seller shall issue to the Purchaser a proper VAT invoice in respect of
      that VAT.

(3)   Without limiting subclause (2), VAT shall be treated as payable if Customs
      rule that it is payable. If they have done so before Completion, the tax
      shall be payable by the Purchaser on Completion. If they do so on or after
      Completion, the tax shall be payable by the Purchaser

<PAGE>   23

                                       17

      within five days after the Seller gives the Purchaser written notice of
      the ruling accompanied by the proper VAT invoice in respect of that VAT
      or, if later, five days before the date on which the Seller is required to
      account for the VAT to Customs.

(4)   If the Purchaser (in breach of subclause (3)) fails to pay the amount of
      the tax on the due date under sub-clause (3), it shall pay interest on
      that amount from the due date for payment by the Seller to Customs of the
      relevant VAT liability until actual payment (excluding any period for
      which interest indemnified under subclause (2) runs) at the rate of two
      per cent. per annum above the base rate for the time being of Lloyds Bank
      plc compounded monthly.

(5)   With a view to procuring that article 5 applies, the Purchaser:

      (a)   shall ensure that the Purchaser is registered for VAT not later than
            the date of Completion; and

      (b)   warrants that the Assets are to be used by the Purchaser in carrying
            on the same kind of business as that carried on by the Seller.

(6)   The Seller and the Purchaser envisage that s. 49 of the Value Added Tax
      1994 ("s. 49") will apply to the sale and purchase of the Assets under
      this agreement but intend that the Seller should retain the records
      referred to in that section, and accordingly:

      (a)   notwithstanding anything in this Agreement the Seller shall not be
            required to deliver to the Purchaser the records referred to in s.
            49;

      (b)   the Seller shall make a request to Customs under s. 49 for the
            records to be preserved by the Seller;

      (c)   if or for so long as that request is not granted, the Seller shall
            preserve the records on behalf of the Purchaser for such period as
            may be required by law, and shall during that period permit the
            Purchaser reasonable access to them to inspect or make copies of
            them, and

      (d)   the Seller may fulfil its obligations under paragraph (c) by
            procuring that a future transferee of its business or any other
            person preserves the records and permits reasonable access as
            mentioned in that paragraph, in which case the Seller shall notify
            the Purchaser of the name of that person.

17.   INTEREST

      If any sum due for payment under this agreement is not paid on the due
      date the party in default shall pay interest on that sum from the due date
      until the date of actual payment calculated on a day to day basis of a
      rate equal to the aggregate of 2 per cent. per annum and the base rate of
      Lloyds Bank plc for the time being.

18.   NOTICES

(1)   Any notice or other document to be served under this agreement may be
      delivered or sent by post or facsimile process to the party to be served
      as follows:

<PAGE>   24

                                       18

      (a)   To the Seller at
            The Sage Group plc
            Fax: 0191 255 0306
            marked for the attention of
    3       Steve Nelson

      (b)   To the Purchaser at
            Ibis Systems Ltd.
            Fax: 01494 44 3333
            marked for the attention of
            Peter Nagle

      or at such other address or facsimile number as he may have notified to
      the other party in accordance with this clause. Any notice or other
      document sent by post shall be sent by prepaid first class recorded
      delivery post.

(2)   Any notice or document shall be deemed to have been served:

      (a)   if delivered, at the time of delivery; or

      (b)   if posted, at 10.00 a.m. on the second business day after it was put
            into the post if sent within the United Kingdom, or at 10.00 am.
            (local time at the place of destination) on the fifth business day
            after it was put in the post if sent by airmail; or

      (c)   if sent by facsimile process, at the expiration of 2 hours after the
            time of despatch, if despatched before 3.00 p.m. (local time at the
            place of destination) on any business day, and in any other case
            at 10.00 a.m. (local time at the place of destination) on the
            business day following the date of despatch.

(3)   In proving service of a notice or document it shall be sufficient to prove
      that delivery was made or that the envelope containing the notice or
      document was properly addressed and posted (either by prepaid first class
      recorded delivery post or by prepaid airmail, as the case may be) or
      that the facsimile message was properly addressed, despatched and
      confirmation received from the recipient's fax machine or operator as the
      case may be.

19.   GENERAL

(1)   Each of the obligations and undertakings set out in this agreement which
      is not fully performed at Completion will continue in force after
      Completion.

(2)   None of the rights or obligations under this agreement may be assigned or
      transferred without the prior written consent of all the parties.

(3)   Each party shall pay the costs and expenses incurred by it in connection
      with the entering into and completion of this agreement. For the avoidance
      of doubt the Purchaser shall be responsible for any stamp duty payments
      payable in connection with this agreement.

(4)   This agreement may be executed in two counterparts which, taken together,
      shall constitute one and the same agreement and either party may enter
      into this agreement by executing a counterpart.

<PAGE>   25

                                       19

20.   WHOLE AGREEMENT

(1)   This agreement and the documents referred to in it contain the whole
      agreement between the parties relating to the transactions contemplated by
      this agreement and supersede all previous agreements between the parties
      relating to these transactions.

(2)   Each of the parties acknowledges that in agreeing to enter into this
      agreement it has not relied on any representation, warranty or other
      assurance except those set out in this agreement.

(3)   In entering into this agreement no party may rely on any representation,
      warranty, collateral contract or other assurance (except those set out in
      this agreement) made by or on behalf of any other party before the
      signature of this agreement and each of the parties waives all rights and
      remedies which, but for this subclause, might otherwise be available to
      him in respect of any

      such representation, warranty, collateral contract or other assurance;
      provided that nothing in this subclause shall limit or exclude any
      liability for fraud.

I2.   GOVERNING LAW

      This agreement is governed by and shall be construed in accordance with
      English law. The parties submit to the jurisdiction of the English courts
      for all purposes relating to this agreement.

22.   GUARANTEE

      For the purpose of assuring to the Purchaser the effectiveness of the
      Seller's obligations herein the Guarantor has agreed to provide a
      guarantee in the form set out in Appendix 3.

23.   SOURCE CODE DEPOSIT

(1)   The Seller as legal and beneficial owner of all Intellectual Property
      rights in the Computer Software agrees to provide to the Purchaser at
      Completion installed on a computer (being one of the Assets to be taken
      over by the Purchaser under this agreement) at the Alton office a copy Iof
      the source code in machine readable form relating to the Computer Software
      and to provide the source code to all upgrades thereof issued by the
      Seller or the Seller's Group and, only to the extent needed to continue to
      operate the Business in the same manner as it is being operated at the
      date of this agreement, the Seller grants the Purchaser a non-exclusive,
      non-transferable licence to copy, use or modify such source code in the UK
      for any customer with a valid License Code. For the avoidance of doubt,
      the Purchaser shall not be entitled to distribute the source code or
      disclose the source code or any part thereof to any third party.

(2)   The Licence granted in this Clause 23 shall be for an initial period of 5
      years from the date of this Agreement and shall terminate on termination
      of the Reseller Agreement or in the event of the Purchaser's insolvency
      winding-up, appointment of a liquidator or administrator over all or part
      of the Purchaser's assets or if the Purchaser or any subsidiary of the
      Purchaser ceases to carry on the Business. On termination of this Licence
      the Purchaser shall forthwith return to the Seller the source code
      supplied by the Seller under this Agreement.

      AS WITNESS the hands of the duly authorised representatives of the parties
      on the date which first appears on page 1.Exhibit 10.3
[Compaq Letterhead]

                                   Memorandum

To All Compaq Channel Partners

From: Compaq Capital

Date: 1/6/99

Dear Partner

In order to provide you with a more efficient and proactive finance service,
aimed at supporting your Compaq Equipment sales we have appointed Total Asset
Finance Ltd (TAF) as our agents.

TAF will operate as a sales extension of Compaq Capital and will carry and use
Compaq Capital badged business cards and contracts and will be linked in through
our hotline number for any enquiries.

Please therefore treat them as Compaq Capital as they will be making full use of
our facilities and offerings.

Kind regards
Yours faithfully

/s/ Paul Crook
Paul Crook
Indirect Reseller Finance Manager
Compaq Capital

<PAGE>   2

                                AGENCY AGREEMENT

This Agreement is made this 17th day or June 1999 between TOTAL ASSET LIMITED,
St James Court, Wilderspool Causeway, Warrington, WA4 6PS (hereinafter called
"Total") and Compaq Capital Finance Company, Unit 65 Blackrock Business Park,
(Carysfort Avenue, Blackrock, Dublin, Republic of Ireland (hereinafter called
"Compaq Capital").

WHEREAS. Total is a purchaser and lessor of equipment, software and services,
manufactured or supplied by various manufacturers, suppliers and licensors and
Compaq Capital is engaged in the equipment leasing business and purchases
equipment for lease to others;

WHEREAS Total Is willing to negotiate with Resellers and to purchase certain
Equipment and Software as agents for Compaq Capital subject to the terms herein,
which concurrently with such purchase, shall be leased by Compaq Capital to
Lessees pursuant to the terms of this Agreement. Now it is hereby agreed that":

1. DEFINITIONS AND INTERPRETATIONS

In this Agreement the following expressions shall have the meanings respectfully
assigned to them:

Definitions

(a)   "Account" shall mean a bank account controlled end designated by Compaq
      Capital.

(b)   "Contract" shall mean a Contract to purchase Equipment and Software from a
      Supplier or third party previously approved by Compaq Capital in writing.

(c)   "Equipment" shall mean equipment sold to Compaq Capital under any
      Contract.

(d)   "Lease" shall mean a Lease Agreement substantially in the form of
      attachment A.

(e)   "Lease Payments" shall mean the amounts that a Lessee is required to pay
      periodically under the provisions of a Lease as charges for the use of
      Equipment and Software purchased hereunder net or (1) value added tax and
      any other taxes on such amounts, the Lease, the Equipment or Software, or
      the use, possession or license thereof, (2) Service Charge and (3) any
      charges for freight or installation.

(f)   "Lessee" shall mean any third party business end user which is party to a
      Lease and which is obligated to pay rent under such a Lease.

(g)   "Licensor" shall have the meaning set forth in Clause 5(a).

(h)   "Manufacturers" shall mean various manufacturers or Suppliers of Equipment
      approved from lime to time by Compaq Capital.

(i)   "Purchases Commission" shall mean the monies, if any, payable to Total
      pursuant to clause 9.1.

(j)   "Purchase Price" shall mean the price which Compaq Capital shall pay Total
      for purchase of Equipment and assignment of Software license fees
      hereunder. The Purchase Price for Equipment (including features attached
      or connected thereto, initially and subsequently) and assignment of
      Software license fees shall be as set forth in Suppliers invoice.

(k)   "Reimbursement Date" shall mean the date when Compaq Capital must
      reimburse the Purchase Price to Total pursuant to clause 2.6.2

(l)   "Remarketing Commission" shall mean the monies, if any, payable to Total
      pursuant to clause 9.8.

(m)   "Remarketing Event" shall mean Totals obligations and rights detailed in
      clause 9.2.1.

<PAGE>   3

(n)   "Return on Compaq Capital Investment" means an amount sufficient to
      maintain Compaq Capital's after tax return in relation to its purchase and
      lease of Equipment and Software.

(o)   "Sales Commission" shall mean the monies, if any, payable to Total
      pursuant to clause 9.7

(p)   "Service Charges" shall mean the sums payable by a Lessee under any
      separate contract for maintenance of Equipment or Software (unless such
      contract Is specifically included on the invoice required under Clause
      2.2.2.) and any Software license fees or other amounts payable under a
      Lease which are specifically excluded.

(q)   "Software" shall mean the copies of computer programs and instructions (in
      whatever form), firmware, microcode and documentation duly licensed by the
      Licensor to the Lessee.

(r)   "Term" shall mean the period which commences on the date of this Agreement
      and expires one (1) year after such date. A formal business review shall
      be conducted between the parties 3 months before the expiry date and, by
      mutual agreement of both parties this Agreement may be renewed for a
      further period of 12 months or as otherwise agreed between the parties.

(s)   "Transferee" shall mean a person or entity (including a corporation,
      trust, partnership or association) to whom a transfer is made by Compaq
      Capital as provided in Clause 4.

2. PURCHASE AGENCY

      2.1 Appointment

            Compaq Capital appoints Total to be its non exclusive agent in the
                 United Kingdom subject to the provisions of Clause 2.2 below:

            2.1.1 to negotiate agree and conclude the term and conditions of
                  Contracts for the purchase of Equipment and Software from such
                  Suppliers and Resellers as Compaq Capital considers
                  appropriate;

            2.1.2 to enter into Contracts and other documents incidental thereto
                  relating to the purchase and delivery of the Equipment and
                  Software;

                  PROVIDED that Total is not authorised as non exclusive agent
                  of Compaq Capital to incur any obligations under a Contract
                  other than payment of the Purchase Price for the Equipment and
                  Software which form the subject thereof, and any other
                  obligations otherwise incurred under a Contract will be
                  incurred by total as principal.

      2.2 Limits on the authority of Total as Agent

            2.2.1 the agency granted by clause 2.1 above shall not authorise
                  Total to enter Into any Contract for the acquisition of any
                  Equipment and Software to the extent that the purchase price
                  therefor to be reimbursed by Compaq Capital pursuant to
                  clause 2.6.2 would cause the total amount to be reimbursed on
                  the relevant Reimbursement Date as per the relevant Offer
                  Letter substantially in the form of Attachment C to be
                  exceeded.

            2.2.2 before making any contract to purchase Equipment and Software
                  or any part of it. Total shall submit to Compaq Capital
                  details of the individual items of the Equipment and Software
                  for Compaq Capital's approval. Total will then only have
                  authority to purchase such Equipment and Software provided
                  Compaq Capital grants such approval in writing. If no such
                  authority is granted then, should Total proceed with such
                  purchase of Equipment and Software, Total will do so as
                  principal and not agent.

<PAGE>   4

            2.2.3 Total shall not hold itself out as having authority other than
                  that which is expressly contained in the terms of this
                  Agreement and to the extent that Total acts or agrees to act
                  in relation to any Contract otherwise than in accordance with
                  the terms of the agency hereunder, Total shall be acting as
                  principal on its own account and not as agents.

      2.3 Conditions of Contracts

            2.3.1 So far as Total is aware, after making appropriate enquiries
                  at the time it enters into the relevant Contract, the
                  Equipment and Software to be purchased thereunder as agents
                  for Compaq Capital will constitute Equipment and Software in
                  respect of which writing down allowances are available
                  pursuant to the Capital Allowances Act 1990 (as amended):

            2.3.2 all the Equipment and Software shall be purchased In the
                  United Kingdom unless otherwise agreed by Compaq Capital, and
                  shall be either newly manufactured or bought as new from bona
                  fide third parties;

            2.3.3 the relevant Contract will provide for Total or Compaq Capital
                  to be invoiced for the amounts which Total pays in its own
                  name depending upon whether Compaq Capital is disclosed or
                  undisclosed.

      2.4 Alterations

            Total must not, nor does it have authority to agree to the
            alteration, extension or variation of any Contract or the terms and
            conditions of any Lease without Compaq Capitals prior written
            consent.

      2.5 Title

            Total shall ensure that upon completion of any Contract in
            accordance with the terms and conditions thereof, title to the
            Equipment and the right to receive Software Licence Fees shall pass
            directly to Compaq Capital free and clear of all mortgages, liens,
            security Interests or other encumbrances. Total will sign on behalf
            of Compaq Capital any acceptance certificate or similar documents
            required by the Supplier for the Equipment and Software.

      2.6 Payments

            2.6.1 Total will promptly settle all invoices relating to the
                  Equipment and Software In accordance with the terms and
                  conditions of the Contract thereof;

            26.2  Compaq Capital shall be required to reimburse Total with the
                  Purchase Price of the Equipment and Software, but only if
                  Total have complied with all of the following Conditions to
                  the reasonable satisfaction of Compaq Capital;

                  a)    Total have entered into a Lease or Leases of the
                        Equipment and Software as agent for Compaq Capital with
                        Lessees and such Lease or Leases have been signed and
                        completed by the Lessee (including without limitation
                        acceptance certificates) and such Leases have been
                        executed by Total on behalf of Compaq Capital and
                        delivered to Compaq Capital by Total;

                  b)    all the Equipment and Software has been delivered to and
                        accepted by the Lessee and both the Supplier and Total
                        have complied fully with the terms of the Contract;

<PAGE>   5

                  c)    the Purchase Price of the Equipment end Software has
                        been paid in full either by Total or Compaq Capital to
                        the Supplier of the Equipment whether or not
                        contractually due;

                  d)    Total has delivered to Compaq Capital copies of all
                        Value Added Tax invoices relating to the Equipment and
                        Software receipted by the Supplier of the Equipment and
                        Software;

                  e)    Total has provided Compaq Capital with evidence that
                        insurance required by the Lease in respect of the
                        Equipment and Software has been obtained by the Lessee;

                  f)    a notification letter in the form of attachment B (the
                        "Notice Letter"), undated but executed by Total has been
                        provided to Compaq Capital in respect of the Lease which
                        the Equipment and Software purchased relates.

            2.6.3 Total waive all and any right they have or may have to recover
                  or seek a credit In respect of Input Value Added Tax relating
                  to any Equipment and Software purchased by them as agents on
                  behalf of Compaq Capital.

3. AGENCY TO LEASE

            3.1.  Compaq Capital appoints Total to be its non-exclusive agent to
            negotiate, agree, conclude and execute on Compaq Capital's behalf.
            Leases in respect of the Equipment and Software in the form of
            attachment A as  agent on behalf of Compaq Capital with Lessees.
            Such agency authority is only granted to Total in respect of
            Equipment and Software validly purchased by Total as agent for
            Compaq Capital. Such authority will apply to potential Contracts and
            Leases valued at (pound)75,000 or less on a general basis. All
            potential Contracts and Leases valued at more than (pound)75,OOO
            will require individual pre approval by Compaq Capital in order for
            this agency authority to apply.

      3.2   Before executing any Lease in respect of Equipment and Software,
            Total shall submit to Compaq Capital details of the Equipment
            Software, duration and rentals of the Lease and such other financial
            information in respect of the Lessee as Compaq Capital In Its
            absolute discretion may request for Compaq Capital's approval. Total
            will only have agency authority to execute Leases on behalf of
            Compaq Capital pursuant to clause 3.1 provided Compaq Capital grant
            such authority in writing to Total.

      3.3   If Total execute Leases otherwise than in accordance with this
            clause 3, then Total shell be acting as principal on its own account
            and not as agents.

4. ASSIGNMENT OF BUYER's RIGHTS

            Total hereby agrees that Compaq Capital may sell, convey, assign,
            lease, grant a security interest in, or otherwise dispose of all or
            any portion of Its rights, title and interest In, to and under this
            Agreement, the Leases and the Equipment and Software covered thereby
            or any item thereof, together or separately (individually or
            collectively, a "transfer), to one or more Transferee,, without
            notice to or consent of Total. Unless otherwise expressly agreed by
            Transferee, a transfer will not include any of the obligations of
            Compaq Capital under this Agreement or any other agreement
            concerning the Leases. Equipment or Software: and Compaq Capital
            shall retain all such obligations Total shall not assert against
            Transferee, any defense, counterclaim or offset that Total may have
            against Compaq Capital Total will not require Transferees to perform
            any obligation or covenant of Compaq Capital hereunder

5. SOFTWARE

<PAGE>   6

      (a)   The Lessee's rights to user the Software shall be determined by its
            licence with the Licensor or any third party having the right to
            licence use therefor (licensor or such third party, as applicable,
            being refered to hereafter as the "Licensor"); and Compaq Capital's
            rights in any Software are limited to the right to receive Lease
            Payments related to the Software leased by Total as Compaq Capital's
            agent to Lessee.

      (b)   Total represents, covenants and agrees that as far as is reasonably
            possible (i) all necessary licences for use of the Software have
            been obtained from the Supplier having the right to grant such
            licence, and (ii) the Lessee shall be entitled to use such Software
            so long as it complies with the terms of the licene (without
            additional payment to Total or any other Licensor).

      (c)   Compaq Capital shall, without additional charge, receive with the
            Equipment purchased hereunder all Software furnished by Licensor or
            Manufacturer (without separate charge) to its end user purchasers of
            Equipment.

      (d)   Total covenants not to make any claims or take any legal action
            against Compaq Capital receiving Leaser Payments in respect of the
            Equipment and Software.

6. TOTAL'S REPRESENTATIONS, WARRANTIES AND COVENANTS

      (a)   Total represents, warrants and covenants as of the date hereof and
            again upon payment of the Purchase Price, that:

            (i)   Compaq Capital will acquire good and marketable title to all
                  Equipment and Software, purchased by Total on its behalf and
                  the Lease Payments related to the Equipment and Software, free
                  and clear of all liens, claims, interests and
                  encumbrances(except the rights of Llessee under the lease).

            (ii)  Each Lease is as set forth in the documents provided to Compaq
                  Capital and has not been modified or revoked; each Lease
                  represents the valid and binding obligation of Lessee,
                  enforceable against the Lessee in accordance with its terms;
                  Lessee has not breached or violated the Lease, has not
                  objected to the Lease, the Equipment or the Software, and has
                  not stated its intention to withhold payments under the Lease
                  or to otherwise challenge its obligations under the Lease;
                  Total has not made and will not at any time make any
                  agreements, representations, or warranties with or to Lessee
                  which would (or which attempt to ) amend, modify or affect the
                  Lease or Lessee's obligations thereunder or waive any
                  provisions thereof; and Total has not received any payments
                  from Leesee under the Lease except those,if any, paid or
                  credited to Compaq Capital upon payment of the Purchase Price.
                  For the avoidance of doubt Total shall prior to payment by
                  Compaq Capital of the Purchase Price furnish Compaq Capital
                  with the original Lease and supporting documentation.

            (iii) Total shall use all reasonable endeavours to ensure that
                  Compaq Capital will acquire good and marketable title to all
                  Equipment and the right to receive Software, Licence fees
                  purchased by Total on its behalf, and Software licensed for
                  use on, in or with such Equipment will conform to its
                  Manufacturer's or Licensor's published specifications and will
                  be free from defects in material, workmanship and design under
                  normal use and service. In addition Total shall also use all
                  reasonable endeavbours to ensure that such Equipment and
                  Software will conform to Manfacturer's or Licensor's standard
                  published warranty, if any, to purchasers of Equipment and
                  licensees of Software.

                  With respect to all Equipment purchased hereunder and the
                  Software provided on, with or for such Equipment, including
                  but not limited to Software

<PAGE>   7

                  provided under clause 5(c). Compaq Capital may exercise (for
                  its own benefit) all product warranties and indemnities of the
                  Manufacturer, Licensor and other suppliers of the Equipment
                  and Software, including without limitation (i) any applicable
                  warranty, express or implied, issued on or applicable thereto,
                  concerning condition, fitness, quality or performance, (ii)
                  warranty of good and marketable title to the Equipment and the
                  right to licence the /Software, free and clear of all liens,
                  interest and encumbrances, (iii) warranty indemnifictions
                  related thereto, (iv) product liability indemnification;s with
                  respect to the Equipment or Software, and (v) any rights
                  concerning copies of Software. To the extent any warranties or
                  indemnititas concerning the Equipment or Software may not, by
                  applicable law, be enforceable by Compaq Capital in its own
                  name, Total agrees to enforce them for the benefit of Compaq
                  Capital or at Compaq Capital's request to permit Compaq
                  Capital to enforce them in Total's name for the benefit of
                  Compaq Capital at the sole cost of Compaq Capital.

      (b)   Total represents that no representations, warranties or convenants
            have been made to the Lessee by Total concerning the Equipment or
            the Software, except what is set forth in the Lease and the
            marketing literature of the Manufacturer, Supplier or Licensor.

      (b)   Total will not relocate or assist in relocating the Equipment for a
            Lessee without prior notice to and consent of Compaq Capital.

7. WARRANTIES OF COMPAQ CAPITAL AND TOTAL

Compaq Capital and Total each hereby represent and warrant to the other that:

      (a)   The party making such representation and warranty is duly
            incorporated and existing and in good standing under the laws of the
            jurisdiction of its in corporation and has the power and authority
            to enter into and perform its obligations under this Agreement; and

      (b)   The person executing and delivering this Agreement on behalf of such
            party is duly authorized to make such execution and delivery an d,
            upon the execution and delivery hereof, this Agreement will
            constitute a valid obligation binding upon and enforceable against
            the party so representing and warranting in accordance with its
            terms.

8. TOTAL ADMINISTRATION

      (a)   Billing and Collection

            (i)   With respect to Equipment purchased by Compaq Capital and
                  Software for which Compaq Capital is entitled to Lease
                  Payments, Total shall invoice, in Total's name each of the
                  Lessees for the Lease Payments and all other charges due under
                  the Leases. The invoices will direct the Lessees to make such
                  payments to the Account. Total will execute a Deed of
                  Assignment in respect of the Account assigning the monies in
                  the Account to Compaq capital in the form of Attachment D. If
                  Total receives any such amounts, it shall receive such amounts
                  in trust for Compaq Capital and remit such amounts immediately
                  to Compaq Capital. Total will not declare a default under a
                  Lease without Compaq Capital's prior appoval. If litigation is
                  required to collect any such monies or proceeds, such
                  litigation shall be conducted by Compaq Capital, however,
                  Total agrees to provide all reasonable co-operation and
                  assistance with respect to such litigation at no cost to
                  Compaq Capital.

<PAGE>   8

            (ii)  Compaq Capital and Total each agree to advise the other of any
                  delinquencies in Lease Payments or other Lease defaults,
                  immediately that Compaq Capital or Total become aware of it
                  forthwith and after such notice is given Compaq Capital may
                  date the Notice Letter provided by Total with respect to such
                  Lease and deliver it to the Lessee, together with any other
                  appropriate notices or directions. At the sole discretion of
                  Compaq Capital, the Notice Letter may be dated and delivered
                  immediately to Lessee, but only after providing Total with
                  prior written notification.

            (iii) Total hereby appoints Compaq Capital as Total's agent to make
                  claim for, recieve payment of and execute and endorse (in
                  Total's name or otherwise) all documents, cheques or drafts
                  with respect to the Equipment, its maintenance, the Software
                  and Software licensing and support, with the same force and
                  effect as if done by Total.

      (b)   With respect to any Equipment and Software purchased, Total shall
            make no modification of amendment of any Lease or Waiver of any
            provision thereof, or consent to any action of Lessee which results
            in a reduction of Lease Payments payable thereunder or which may
            otherwise adversely affect Compaq Capital's rights thereunder or
            hereunder, without the prior written approval of Compaq Capital's
            rights and any Transferees of which Total has notice. Total shall
            promptly provide Compaq Capital with copies of any documents
            relating to the foregoing.

9. COMMISION

      9.1 Purchases Commission

            Compaq Capital agrees to pay to Total a Purchase Commission in the
            amount of one per cent of the Supplier invoiced value of all
            Equipment purchased in respect of leases sighned hereunder, in
            consideration of Total acting as agent on behalf of Compaq Capital
            for purchasing Equipment and complying with the terms of this
            Agreement. Total will only be entitled to receive Purchase
            Commission from Compaq Capital if Total has fully complied with the
            terms of this Agreement and in particular this clause 9. Compaq
            Capital will pay such Purchase Commission to Total within 5 days of
            the Reimbursement date but only after receipt of a valid tax invoice
            from Total in respect of such Purchase Commission.

     9.2  Agency Powers

            9.2.1 Total shall act as Compaq capital's non exclusive agent to
                  negotiate and conclude the renewal or extension of any Leaser
                  or Leases entered into under the terms of this Agreement
                  subject to the following terms:

            9.2.2 Total will have no authority pursuant to clause 9.2.1 in
                  relation to any Lease or Equipment and Software subject to any
                  Lease where the Lessee of such Lease has defaulted in relation
                  to any default terms within the lease or breached any term
                  whatsoever of the Lease unless the Lessee has remedied such
                  default(s) and such defaults(s) is remediable and not a
                  continuing default(s) or Compaq Capital, at their own absolute
                  discretion, grant such authority in writing.

            9.2.3 If Total breaches any term of this Agreement whatsoever,
                  including, without limitation, being liable for default
                  pursuant to the terms of clause 10 for this Agreement then
                  Total will have no authority to act as Compaq Capital's agent
                  pursuant to clause 9.2.1 above unless Compaq Capital at their
                  own absolute discretion, grant such authority in writing.

            9.2.4 Without prejudice to the above, Total will have no authority
                  to act as Compaq Capital's agents pursuant to clause 9.2.1.
                  unless in relation to a Lease, it is renewed, extended or
                  terminated pursuant to the terms of the Lease and so

<PAGE>   9

                  that Compaq Capital receive the Return on Compaq Capital
                  Investment in respect of such Lease together with any monies
                  owed pursuant to the terms of such Lease to Compaq Capital.

            9.2.5 Without prejudice to the above, Total will not have authority
                  to act as Compaq Capital's agent to sell, assign, lease,
                  transfer or otherwise dispose of any Equipment and Software.

10. EVENTS OF DEFAULT AND REMEDIES

      (a)   The following events, if occurring during the Term of this
            Agreement, shall constitute Events of Default hereunder:

            (i)   Total or Compaq Capital fails to make any payment required or
                  it hereunder within ten (10) days after notice that such
                  payment is past due: or

            (ii)  Total or Compaq Capital fails in any material respect to
                  perform or observe any other covenant, condition, or agreement
                  to be performed or observed by it under this Agreement or any
                  document or certificate delivered by it in connection herewith
                  unless the breach of such covenant, condition or agreement has
                  been cured within twenty (20) days after written notice
                  thereof from the other party; or

            (iii) Any representation or warranty made by Total or Compaq Capital
                  herein or in any document furnished or to be furnished by
                  Total or Compaq Capital in connection herewith or any
                  transaction hereunder proves incorrect or misleading in any
                  material respect; or

            (iv)  A petition in bankruptcy or for insolvency or administration
                  proceedings is filed by Total or Compaq Capital, or Total or
                  Compaq Capital makes a general assignment (excluding
                  assignments as provided for in this Agreement) for the benefit
                  of creditors or consents to the appointment of a trustee or
                  receiver; or a trustee or a receiver is appointed for it or
                  its assets without its consent and is not dismissed within a
                  period of sixty (60) days; or bankruptcy, reorganisation or
                  insolvency proceedings are instituted against it and are not
                  dismissed for a period of sixty (60) days, or

            (v)   Total shall fail to achieve the Minimum Volume Targets
                  specified in Appendix 2 hereto.

      (b)   Upon the occurrence of an Event of Default, the non-defaulting party
            may, in addition to all other remedies it may have under this
            Agreement, exercise all of the remedies afforded under applicable
            law. No exercise of any right or remedy by the non-defaulting party
            shall limit or restrict its right to exercise any other right or
            remedy available at law or hereunder, all of which are cumulative.

      (c)   In any action for damages hereunder by either party, consequential
            and incidental damages are excluded. This exclusion includes but is
            not limited to, loss of business, lost profits and other economic
            loss even if the other party had advance notice of the possibility
            that such loss will or may occur. This paragraph does not apply to
            any indemnification under this Agreement.

11. INDEMNIFICATION

      Notwithstanding any other provision hereof, Total agrees that it will at
      its own expense defend Compaq Capital and Transferees against any claims
      and suits and indemnify and hold them harmless from and against any
      claims, loss, costs, damage or expense (including, without limitation,
      settlement, payments, reasonable legal fees) resulting, from or relating
      to breaches, violations or misrepresentations by Total of matters set
      forth in Clauses 2,4,5,6,7,8,9 or 10 above. The claims hereby indemnified
      against include, without limitation claims by Lessees

<PAGE>   10

      for forgiveness of Lease Payments or termination of Leases based on
      breaches, violations or misrepresentations of Total identified in the
      preceding sentence. Compaq Capital agrees to promptly notify Total in
      writing of any matters of which Compaq Capital has knowledge in respect to
      which this indemnity may apply and shall permit Total through its counsel
      to defend all actions and claims covered by this Clause (including appeals
      and negotiations for settlement) and provide to Total, at Total's expense,
      all available information, assistance and authority (which Total requests)
      to enable Total to do so. Total, at all times during the course of any
      actions or claims, shall keep Compaq Capital informed of all developments
      relating thereto.

12. GENERAL

      This Agreement is for the benefit of the parties hereto and shall, to the
      extent permitted hereby, be binding upon and inure to the benefit of their
      successors, assigns and surviving entities of any merger, sale,
      consolidation or reorganization. In the event that any of the terms of
      this Agreement are or become illegal or unenforceable, such terms shall be
      null and void and shall be deemed deleted from this Agreement, and all the
      remaining terms of this Agreement shall remain in full force and effect.
      This Agreement shall be construed and interpreted in accordance with the
      laws of England. Seller and Buyer agree to perform acts and to execute and
      deliver any further documents as may be reasonably necessary to carry out
      the intent and provisions of this Agreement. This Agreement constitutes
      the entire agreement between the parties hereto concerning the matter
      covered herein and supersedes all prior agreements and/or understandings,
      between the parties, whether written or oral, with respect thereto. There
      are no understandings, agreements, representations or warranties, express
      or implied, which are not specified in writing and signed by the parties
      thereto.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement by their
duly authorised officers as of the date first above written.

Total                                        Compaq Capital
TOTAL ASSET LIMITED                          COMPAQ CAPITAL FINANCE COMPANY

By:   __[ILLEGIBLE]____________              By:   _________________________

Title:__DIRECTOR_______________              Title:_________________________

                                                   Dan McCarthy
                                                   European Finance Director
                                                   Compaq Capital Europe
<PAGE>   11

ATTACHMENT C

                                  OFFER LETTER

To:  Compaq Capital
     Gardner House
     Wilton Place
     Dublin 1
     Ireland

Date

Dear Sirs

Agency Agreement dated ("the Agreement")

We refer to the Agreement and hereby offer to purchase as your agents and on
your behalf the Equipment and the right to receive all license fees and other
payments relating to the use of software, at the Purchase Price of     plus VAT.

Equipment      As per Schedule

Software       As per Schedule

Upon your acceptance of the Offer we shall enter into a Lease, as agents on your
behalf, for the Equipment and Software with the Lessee identified below and on
the following terms (and in any event in the form of the draft Lease Agreement
attached hereto):

Lessee:

Term:

Lease Payments:               Beginning

Other material provisions:

Equity investment by Total    based on       Cost of Funds

Purchases Commission          based on       Cost of Funds

Signed ___________________________

Title_____________________________

For and on behalf of TOTAL ASSET LTD

We hereby accept the above mentioned offer subject to the terms and conditions
of the Agreement.

Signed_____________________________

Title______________________________

For and on behalf of Compaq Capital.

<PAGE>   12

                                 ATTACHMENT B

                              NOTIFICATION LETTER

LESSEE NAME AND ADDRESS

Attn:

Subject: Schedule No. ____to MASTER LEASE AGREEMENT No. _____ dated ______ (the
"Lease") between you and Total Asset Limited ("TOTAL")

Ladies and Gentlemen:

This letter constitutes notice by Total to you of the identity of the Principal.

This Lease was originally executed and administered by Total as agent of Compaq
Capital ("Compaq Capital"). Compaq Capital now wishes to directly administer the
Lease.  Therefore, all payments due under the Lease, are to be directly remitted
to Compaq Capital at its address set forth below, unless or until Compaq Capital
provides different instructions. The next periodic payment is due _______
(Compaq Capital billings under the Lease will be issued directly to you by
Compaq Capital)

Please acknowledge receipt of this notification letter by signing and returning
the enclosed copy to Compaq Capital (see previous address).

                                             _________________________________
                                             Total Asset Ltd

                                             By   ____________________________

                                             Title ___________________________

Received:

___________________________________
(LESSEE)

By:   _____________________________

Title: ____________________________

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