Document:

Soistman Employment Agreement

Exhibit 10.2

EMPLOYMENT AGREEMENT 

        This
Agreement, made the 15th of November, 2004, is effective as of January 1, 2005, by and
between Coventry Health Care, Inc., a Delaware corporation (the “Company”), and
Francis S. Soistman (the “Executive”). 

        WHEREAS,
the Company employs the Executive as its Senior Vice President, pursuant to an Employment
Agreement dated April 1, 1998, and the parties wish to amend the terms of such employment
as set forth herein. 

        NOW,
THEREFORE, in consideration of the mutual covenants contained in this Employment Agreement
(“Agreement”), the parties hereby agree as follows: 

     1.    
          TERM AND DUTIES 

        1.1
The term of this Agreement commenced as of January 1, 2005, shall continue through
December 31, 2007 (the “Initial Term”), and will continue on a year-to-year
basis thereafter (the “Renewal Term”), until the Executive’s employment
terminates as outlined in Section 4 herein. 

        1.2
Executive shall serve as Executive Vice President, Health Plan Operations, and shall
report to the Chief Executive Officer and shall be responsible for broad executive
responsibilities in the general management area, including, but not limited to, the
establishment and implementation of policies and directives, formulation of company goals
and objectives, effective management of employees, and such other powers and duties
normally associated with such position or as may be delegated or assigned to the Executive
by the Company’s Chief Executive Officer. During the Initial or Renewal Term of the
Agreement, the Executive shall also serve without additional compensation in such other
offices of the Company or its subsidiaries or affiliates to which he may be elected or
appointed. 

     2.    
          COMPENSATION AND BENEFITS 

        2.1
The Company shall pay the Executive a base salary (“Base Salary”) of not less
than Five Hundred Thousand Dollars ($500,000) per annum, subject to applicable
withholdings. The Base Salary shall be payable according to the customary payroll
practices of the Company. The Base Salary shall be reviewed annually and shall be subject
to increase from time to time. 

        2.2
The Executive shall be eligible for an annual bonus (“Bonus”) in accordance with
the Company’s Performance Based 162(m) Plan. 

        2.3
The terms and conditions of all stock options and restricted share awards previously
granted to Executive shall remain in full force and effect. 

        2.4 The Executive will be entitled to
participate in all employee benefit plans or programs and receive all benefits and
perquisites to which any salaried employee is eligible under any existing or future plan
or program for salaried employees, including, without limitation, all plans developed for
executive officers of the Company. These plans or programs may include group
hospitalization, health care, dental care, vision care, life or other insurance, tax
qualified pension, car allowance, savings, thrift and profit sharing plans, sick leave
plans, travel or accident insurance, disability insurance, and contingent compensation
plans, including capital accumulation programs, deferred compensation plans, restricted
stock programs, stock purchase programs and stock option plans. Nothing in this Agreement
will preclude the Company from amending or terminating any of the plans or programs
applicable to salaried employees or executive officers. 

        2.5       The Executive will be entitled to four (4) weeks of annual paid
vacation.

        2.6
The Company will reimburse the Executive for all reasonable travel and other expenses
incurred by the Executive in connection with the performance of his duties upon proper
documentation in accordance with Company policies. In addition, Executive shall be
entitled to a discretionary monthly car allowance, payable on a grossed-up basis. 

     3.       
          DEATH AND DISABILITY COMPENSATION 

        3.1
In the event of the Executive’s death during the Initial or Renewal Term, the
Agreement terminates and all payments under the Agreement shall cease as of the date of
death, except for the following benefits to be paid to the Executive’s beneficiaries: 

                    (a)    
          any earned but unpaid base salary and a lump sum payment equal to the average
          annual bonus compensation for the two (2) calendar years immediately preceding
          the death of Executive; 

                    (b)    
          for twenty-four (24) months following the date of the Executive’s death,
          the Company shall pay the cost of medical, dental, and vision insurance premiums
          as in effect at the date of the Executive’s death, to the Executive’s
          designated beneficiary, subject to a formal election by the beneficiary; 

                    (c)    
          the exercisability of stock options granted to the Executive shall be governed
          by any applicable stock option agreements and the terms of the respective stock
          option plans; and 

                    (d)    
          the Executive’s designated beneficiary will be entitled to receive the
          proceeds of any life or other insurance or other death benefit programs provided
          or referred to in this Employment Agreement. 

        3.2
Notwithstanding the short-term disability of the Executive, the Company will continue to
pay the Executive pursuant to Section 2 hereof during the Initial or Renewal Term, unless
the Executive’s employment is earlier terminated in accordance with this Agreement.
In the event the Executive becomes disabled (as defined by the Company’s long-term
disability plan), the Executive’s employment will be termed and the Company will pay
the Executive amounts equal to the following: 

                    (a)    
          any earned but unpaid Base Salary and a lump sum payment equal to the average
          annual Bonus for the two (2) calendar years immediately preceding the year of
          termination due to disability; 

                    (b)    
          for twenty-four (24) months following the date of the Executive’s
          termination due to disability, the Company shall pay for the cost of the
          Executive’s medical, dental, and vision insurance premiums as in effect at
          the date of the Executive’s termination, subject to a formal election by
          the Executive; and 

                    (c)    
          the Executive will receive a monthly payment equal to 60% of the
          Executive’s pre- disability earnings (as defined by the qualified long-term
          disability plan) less any monthly benefit paid under the qualified long-term
          disability program. Such payments shall continue to cessation of payments under
          the Company’s qualified long-term disability program. 

                    (d)    
          the Executive will receive twelve (12) months additional vesting credit for all
          stock options and restricted stock awards. 

        3.3
During the period the Executive is receiving payments following his disability and as long
as he is physically and mentally able to do so, the Executive will furnish information and
assistance to the Company and from time to time will make himself available to the Company
to undertake assignments consistent with his position or prior position with the Company
and his physical and mental health. 

        3.4
For purposes of this Agreement, the term “disabled” or “disability”
will have the same meaning as is attributed to such term, or any substantially similar
term, in the Company’s long-term disability income plan as in effect from time to
time. The Company’s group long-term disability policy in existence at the time of
disability shall be considered to be a part of this Agreement. 

         4.       
          TERMINATION OF EMPLOYMENT 

        4.1
The Company may terminate this Agreement with or without cause at any time during the term
of this Agreement with ninety (90) days prior written notice (“The Notice”).
However, except in the case of the two year period following a Change in Control (as
hereinafter defined), if the Executive suffers a Termination Without Cause (hereinafter
defined) or a Constructive Termination (as hereinafter defined), the Company will continue
to pay the Executive the following: 

                    (a)    
          for a period of twelve (12) months after Termination Without Cause or
          Constructive Termination, a monthly amount equal to 100% of the sum of the
          Executive’s combined (i) Base Salary as in effect at the time of the
          termination and (ii) the average Bonus for the two (2) calendar years
          immediately preceding the year of termination, divided by twelve (12); and 

                    (b)    
          for twelve (12) months following such Termination Without Cause or Constructive
          Termination, the Company shall pay the cost of the Executive’s medical,
          dental, and vision insurance premiums as in effect at the date of termination,
          subject to a formal election by the Executive. However, if Executive obtains
          employment with another employer during such twelve (12) month period, such
          coverage will cease as of the date Executive, his spouse and family can be
          covered under the plans of the new employer without exclusion for preexisting
          conditions, if earlier than the end of the 12-month period; and 

                    (c)       
          the Executive will receive twelve (12) months additional vesting credit for all
          stock options and restricted stock awards. 

        4.2
If the Executive suffers a Termination Without Cause or Constructive Termination within
two (2) years following a Change in Control, the Company will pay to the Executive the
following: 

                    (a)    
          in a lump sum upon such termination an amount equal to the sum of (i) 150% of
          the Executive’s combined (A) Base Salary as in effect at the time of the
          termination and (B) average Incentive Bonus for the two (2) calendar years
          immediately preceding the year of termination, and (ii) to the extent that such
          foregoing amount or any other payment in the nature of compensation (within the
          meaning of Section 280G of the Internal Revenue Code of 1986, as amended, and
          the regulations promulgated thereunder (“Section 280G”)) to or for the
          benefit to the Executive (or any part of such amount or other payment)
          constitutes an “excess parachute payment” within the meaning of
          Section 280G, the amount, if any, of (A) such “excess parachute
          payment” multiplied by a fraction, the numerator of which is the number one
          (1.00) and the denominator of which is (I) the number (1.00) minus (II) the
          effective tax rate under Section 280G applicable to the Executive expressed as
          decimal, minus (B) the amount of such “excess parachute payment”; 

                    (b)    
          for twenty-four (24) months following such Termination Without Cause or
          Constructive Termination following a Change of Control, the Company shall pay
          for the cost of the Executive’s medical, dental, vision insurance premiums
          as in effect at the date of termination, subject to a formal election by the
          Executive; and 

                    (c)    
          all stock options and all restricted stock granted to the Executive shall vest
          in full upon a Change of Control. 

        4.3
Executive may terminate his employment hereunder at any time during the term of this
Agreement with notice (as defined in Section 4.1 herein). If the Executive suffers a
Termination with Cause or the Executive terminates his employment with the Company not due
to a Constructive Termination, death or disability (as defined in Section 3.4) (a
“Voluntary Termination”), then the Company will not be obligated to pay the
Executive any amounts of compensation or benefits following the date of termination,
except earned but unpaid Base Salary through the date of termination, which will be paid
in accordance with standard company procedures. The exercisability of stock options
granted to the Executive shall be governed by any applicable stock option agreements and
plans. 

        4.4     For purposes of this Employment Agreement, the following terms have the following meanings:

                    (a)    
          A “Change in Control” shall occur if at any time, substantially all of
          the assets of the Company are sold or transferred by sale, merger or otherwise,
          to an entity which is not a direct or indirect subsidiary of the Company, or if
          any “person” (as such term is used in Sections 13(d) or 14 (d) of the
          Securities Exchange Act of 1934, as amended) is or becomes the beneficial owner,
          directly or indirectly, of securities of the Company representing 35% or more of
          the combined voting power of the then existing outstanding securities of the
          Company. 

                    (b)    
          “Constructive Termination” means termination by the Executive which
          follows (i) a reassignment of duties, responsibilities, title, or reporting
          relationships that are not at least the equivalent of his then current position
          as set forth in Section 1.2 or a material reduction in the compensation and
          benefits provided herein, or (ii) the intentional or material breach by the
          Company of this Agreement, or (iii) a reassignment, after a Change of Control,
          to a geographic location more than fifty miles from Bethesda, Maryland. The
          Executive shall have a period of ninety (90) days after termination of his
          employment to assert against the Company that he suffered a Constructive
          Termination, and after the expiration of such ninety (90) day period, the
          Executive shall be deemed to have irrevocably waived the right to such
          assertion. 

                    (c)    
          “Termination With Cause” means termination by the Company, acting in
          good faith, by written notice to the Executive specifying the event relied upon
          for such termination, due to; (i) the Executive’s indictment or conviction
          of a felony, (ii) the Executive’s intentional perpetration of a fraud,
          theft, embezzlement or other acts of dishonesty, (iii) the Executive’s
          intentional breach of a trust or fiduciary duty which materially adversely
          affects the Company or its shareholders. 

                    (d)    
          “Termination Without Cause” means termination by the Company other
          than due to the Executive’s death or disability or Termination With Cause. 

     5.    
          OTHER DUTIES OF THE EXECUTIVE 

        5.1 The Executive shall devote
substantially all of his working time to the business of the Company and during the Term
shall not take, directly or indirectly, an active role in any other business without the
prior written consent of the Company; but except as provided in Section 5.3, this Section
shall not prevent the Executive from serving as a director of other entities not
affiliated with the Company, from making real estate or other investments of a passive
nature or from participating in the activities of a charitable organization where such
participation does not adversely affect the Executive’s ability to perform his duties
under this Agreement. 

        5.2 The Executive will, upon
reasonable notice, during or after the Term of this Employment Agreement, furnish
information as may be in his possession and cooperate with the Company as may reasonably
be requested in connection with any claims or legal actions in which the Company is or may
become a party. The Executive shall receive reasonable compensation for the time expended
by him pursuant to this Section 5.2 after the Term. 

        5.3 The Executive acknowledges that
certain information pertaining to the business and operations of the Company such as
strategic plans, product development, financial costs, pricing terms, sales data or new or
developing business opportunities (“Confidential Information”), is confidential
and is a unique and valuable asset of the Company. Access to and knowledge of this
Confidential Information are essential to the performance of the Executive’s duties
under this Agreement. The Executive will not during the term of this Agreement or
following termination of his employment except to the extent reasonably necessary in the
performance of his duties under this Agreement, give to any person, firm, association,
corporation or governmental agency any Confidential Information except as required by law.
The Executive will not make use of this Confidential Information for his own purposes or
for the benefit of any person or organization other than the Company. The Executive will
also use his best efforts to prevent the disclosure of this Confidential Information by
others. All records, memoranda, etc. relating to the business of the Company whether made
by the Executive or otherwise coming into his possession will remain the property of the
Company. 

        5.4 The Executive will not Compete
with the Company (as hereinafter defined) at any time while he is employed by the Company.
Except after a Change in Control or after non-renewal under Section 1.1, in the event of
Termination Without Cause or Constructive Termination pursuant to Section 4.1, the
Executive will not Compete with the Company for a period of one (1) year from the date of
such termination. In the event of a termination after a Change in Control that gives rise
to payments to Executive under Section 4.2, the Executive will not Compete with the
Company for one (1) year from the date of termination. In the event of a Voluntary
Termination in which the Executive only receives payment as defined under Section 4.3, or
which follows a Company non-extension notice under Section 1.1, there will be no
restriction on the Executive’s right to Compete with the Company after the date his
employment terminates. For the purposes of this Section 5.4, the term “Compete with
the Company” means action by the Executive, direct or indirect, either as an officer,
director, stockholder, owner, partner, employee or in any other capacity, resulting in the
Executive having any legal or equitable ownership or other financial or non-financial
interest in or employment with, any HMO, managed care or health insurance business within
a fifty mile radius of any location where the Company or any subsidiary or affiliate of
the Company conducts such business at the date of a termination of the Executive’s
employment; provided, however, that the term “Compete with the Company” shall
not include ownership (without any more extensive relationship) of a less than a five
percent (5%) interest in any publicly-held corporation or other business entity. The
Executive acknowledges that the covenants contained herein are reasonable as to geographic
and temporal scope. The Executive acknowledges that his breach or threatened or attempted
breach of any provision of Section 5.4 may cause irreparable harm to the Company not
compensable in monetary damages and that the Company may be entitled, in addition to all
other applicable remedies, to a temporary and permanent injunction and a decree for
specific performance of the terms of Section 5.4. 

     6.    
          INDEMNIFICATION OF EXECUTIVE 

        6.1 The Company shall indemnify the
Executive and shall reimburse the Executive’s expenses under the circumstances
described, and to the maximum extent provided under the mandatory and the permissive
indemnification and expense reimbursement provisions of Delaware law. The provisions of
this Section 6.1 shall continue in full force and effect after Executive ceases to serve
as an officer, director, employee or in any other capacity with the Company or any of its
affiliates, and shall inure to the benefit of his heirs, executors or administrators. 

     7.    
          MISCELLANEOUS 

        7.1 This Agreement contains the
entire understanding between the Company and the Executive with respect to the subject
matter and, with the exception of the terms and conditions set forth in Exhibit B to that
certain Employment Agreement between Executive and Principal Health Care, Inc., dated as
of October 1, 1997, supersedes any prior employment or severance agreements between the
Company and its affiliates, and the Executive. 

        7.2 This Agreement may not be
modified or amended except in writing signed by the parties. No term or condition of this
Employment Agreement will be deemed to have been waived except in writing by the party
charged with waiver. A waiver shall operate only as to specific a term or condition waived
and will not constitute a waiver for the future or act on anything other than that which
is specifically waived. 

        7.3 Should any part of this Agreement
be declared invalid for any reason, such invalidity shall not affect the validity of any
remaining portion hereof and such remaining portion shall continue in full force and
effect as if this Employment Agreement had been originally executed without including the
invalid part. Should any covenant of this Employment Agreement be unenforceable because of
its geographic scope or term, its geographic scope or term shall be modified to such
extent as may be necessary to render such covenant enforceable. 

        7.4 Titles and captions in no way
define, limit, extend or describe the scope of this Agreement nor the intent of any
provision thereof. 

        7.5 This Agreement may be executed in
any number of counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument. 

        7.6 This Employment Agreement has
been executed and delivered in the State of Maryland and its validity, interpretation,
performance and enforcement shall be governed by the laws of that state. Any dispute among
the parties hereto shall be settled by arbitration in Bethesda, Maryland, in accordance
with the rules then obtaining of the American Arbitration Association and judgment upon
the award rendered may be entered in any court having jurisdiction thereof. All provisions
hereof are for the protection and are intended to be for the benefit of the parties hereto
and enforceable directly by the binding upon each party. Each party hereto agrees that the
remedy at law of the other for any actual or threatened breach of this Employment
Agreement would be inadequate and that the other party shall be entitled to specific
performance hereof or injunctive relief or both, by temporary or permanent injunction or
such other appropriate judicial remedy, writ or orders as may be decided by a court of
competent jurisdiction in addition to any damages which the complaining party may be
legally entitled to recover. 

        7.7 All notices, requests, consents
and other communications hereunder shall be in writing and shall be deemed to have been
made when delivered or mailed first-class postage prepaid by registered mail, return
receipt requested, or when delivered if by hand, overnight delivery service or confirmed
facsimile transmission to the following: 

          		    (i)       
               If to the Company, at 6705 Rockledge Drive, Suite 900, Bethesda, Maryland,
               20817, Attention: Chairman of the Compensation Committee, or at such other
               address as may have been furnished to the Executive by the Company in writing;
               or 

               

          		    (ii)       
               If to the Executive, at 6705 Rockledge Drive, Suite 900, Bethesda, Maryland,
               20817 or ______________________________________________________ or such other
               address as may have been furnished to the Company by the Executive in writing. 

               

        7.8      This Employment Agreement shall be binding on the parties' successors,
heirs and assigns.

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

          	 COVENTRY HEALTH CARE, INC.	 EXECUTIVE:

	By:  /s/ Allen F. Wise   	  /s/ Francis S. Soistman   

	       Allen F. Wise
       President and CEO	  Francis S. Soistman

EXHIBIT B 

The Principal Health
Care, Inc. Deferred Compensation Plan 

for Certain Select
Employees 

EXHIBIT B

THE PRINCIPAL HEALTH CARE, INC.
DEFERRED COMPENSATION PLANS FOR 
CERTAIN SELECT
EMPLOYEES 

Section 1 

Any employee of Principal Health
Care, Inc. (“Company”), who is part of a select group of management and is
designated as eligible to participate by the Board of Directors (“Board”) of the
Company, will become a participant (“Participant”) under the plan and will
complete a beneficiary designation form with the Company. 

Section 2 –
Deferred Compensation 

The Company will establish one-time
amounts of compensation as set forth in Exhibit A, for each Participant which will be
deferred as of the date this plan is adopted by the Company. The compensation deferred
pursuant to this section shall be recorded by the Company in a deferred compensation
account (“Account”) maintained in the name of the Participant. Such deferred
compensation is attributable to future services and shall not be included as compensation
in the benefit program sponsored by the Company. The Company shall furnish each
Participant with an annual statement of his or her Account. The Company shall credit
interest on amounts in the Account from the date received until final distribution of the
Account pursuant to Section 3 of the plan. The Company shall credit interest quarterly
based on the 10-year U.S. Treasury rate. 

Section 3 –
Distribution 

a) Termination of
Employment. 

	  	
If
the Participant is involuntarily terminated not for cause prior to normal retirement age,
as defined in the pension plans sponsored by the Company, the Participant will become
fully vested and will be entitled to receive a distribution. 

	  	
If
the Participant’s employment is terminated by the Company for cause, he or she will
not be entitled to receive a distribution of his or her Account under this section.
“Cause” shall be defined as: (i) indictment or conviction of a felony; (ii)
theft or embezzlement of Company property or commission of similar acts involving more
turpitude; or (iii) the willful failure by a Participant to substantially perform his or
her material duties (excluding nonperformance resulting from a Participant’s
disability) which willful failure is not cured within thirty (30) days after written
notice from the Chairman of the Board of the Company specifying the act of willful
nonperformance or within such longer period (but no longer than ninety (90) days in any
event) as is reasonably required to cure such willful nonperformance. 

	  	
If
the Participant voluntarily terminates employment prior to normal retirement age as
defined in the pension plans sponsored by the Company, the Participant will receive his or
her vested amount which is equal to the deferred amount plus interest credited to the
Participant’s Account as of the date of determination, multiplied by the percentage
in the following schedule: 

	Years Since Deferral
Percentage 

	1–3
	0%

	4
	50%

	5
	60%

	6
	70%

	7
	80%

	8
	90%

	9 and later
	100%

If the Participant voluntarily
terminates employment prior to normal retirement age, as defined in the pension plans
sponsored by the Company, and the Company is a party to a change of control as defined in
this section, the Participant will become fully vested and will be entitled to receive a
distribution if termination of employment occurs on or after 366 days after the effective
date of such change of control. 

Change of control shall be defined as
a transfer or sale of: (i) 50% or more of the shares and/or voting power in the Company
(whether by sale, exchange, merger, consolidation or otherwise) or (ii) substantially all
of the assets of the Company to an entity not under the control or majority ownership of
Principal Mutual Life Insurance Company. 

If the Participant becomes disabled
as defined in the long term disability plan or retires on or after his or her normal
retirement date as defined in the pension plan sponsored by the Company, the Participant
will become fully vested and will be entitled to a distribution. 

If the Participant is entitled to
receive a distribution under this section, he or she will receive monthly payments for a
period of 36 months beginning at termination of employment. Payments will cease if the
Participant competes with the Company by directly or indirectly engaging in any of the
following actions: 

               	(i) 	 Owning an interest in, managing, operating, joining, controlling, lending money
                    or rendering financial or other assistance to, or participating in or being
                    connected with, as an officer, employee, partner, stockholder, consultant or
                    otherwise, any entity whose products or services compete directly or indirectly
                    with those of the Company or any of its subsidiaries or affiliates. However,
                    nothing in this subsection (i) shall preclude a Participant from holding less
                    than one percent of the outstanding capital stock of any corporation required to
                    file periodic reports with the Securities Exchange Commission under Section 13
                    or 15(d) of the Securities Exchange Act of 1934, as amended, the securities of
                    which are listed on any securities exchange, quoted on the National Association
                    of Securities Dealers Automated Quotation System or traded in the
                    over-the-counter market. 

                    

               	(ii) 	 Intentionally solicits, endeavors to entice from the Company, or any of its
                    subsidiaries, or otherwise interferes with the relationship of the Company, or
                    any of its subsidiaries with, any person who is employed by or otherwise engaged
                    to perform services for the Company, or any of its subsidiaries (including, but
                    not limited to, any independent sales representatives or organizations), or any
                    persons or entity who is, or was within the then most recent two year period, a
                    customer or client of the Company or any of its subsidiaries, whether for a
                    Participant’s own account or for the account of any other individual,
                    partnership, firm, corporation or other business organization. 

                    

               	(iii) 	 Discloses to any person, other than an employee of the Company, or any of its
                    subsidiaries, or a person to whom disclosure is reasonably necessary or
                    appropriate in connection with the performance by a Participant of his or her
                    duties as a select group of management of the Company, except where such
                    disclosure may be required by law, any material confidential information
                    obtained by him while in the employment of the Company with respect to any of
                    the Company’s products, technology, know-how or the like, services,
                    customers, methods or future plans, all of which a Participant acknowledges are
                    valuable, special and unique assets the disclosure of which a Participant
                    acknowledges may be materially damaging to the Company. 

                    

	  	
Upon
the request of a Participant, the Company may in its sole discretion waive all or any
portion of this non-compete clause. 

	  	
If
the Participant dies during the 36-month payment period, his or her beneficiary will
receive a lump sum of the remaining Account balance. 

     	b) 	
          Death. If the Participant terminates employment by reason of his or her
          death, the Participant will become fully vested and the beneficiary designated
          by the Participant will receive a lump sum payment of the amount in the
          Participant’s Account (including interest) as of the date of death. 

          

Section 4 –
Participant Rights Unsecured 

The right of the Participant or his
or her designated beneficiary to receive a distribution hereunder shall be an unsecured
claim against the general assets of the Company and neither the Participant nor his or her
designated beneficiary shall have any rights in or against any amount credited to his or
her Account or any other specific assets of the Company. All amounts credited to an
Account shall constitute general assets of the Company and may be disposed of by the
Company at such time and for such purposes as it may deem appropriate. An Account may not
be encumbered or assigned by a Participant or any beneficiary. 

Section 5 –
Amendments to the Plan 

The Board may amend the plan at any
time without the consent of the Participants or their beneficiaries provided, however,
that no amendment shall divest any Participant or beneficiary of the credits to his or her
Account or of any rights to which he or she would have been entitled if the plan had been
terminated immediately prior to the effective date of such amendment. 

Section 6 –
Termination of the Plan 

The Board may terminate the plan at
any time. Upon termination of the plan, Participants will become fully vested and will
receive a lump sum payment of his or her Account (including interest) as of the date of
termination. 

Section 7 – Expenses 

The cost of the administration of the
plan will be paid by the Company. 

Section 8 – No Trust 

Nothing contained in this plan and no action
taken pursuant to the provisions of this plan shall create or be construed to create a
trust of any kind, a fiduciary relationship or an employment contract between the Company
and the Participant, his or her designated beneficiary or any other person. 

Section 9 –
Nonassignable 

None of the payments provided for by
this plan shall be subject to seizure for payment of any debts or judgements against the
Participant or any beneficiary; nor shall the Participant or any beneficiary have any
right to transfer, modify, anticipate or encumber any rights or benefits hereunder;
provided, however, that the undistributed portion of any benefit payable hereunder shall
at all times be subject to set-off for debts owned by the Participant to the Company. 

Section 10 –
Incapacity of Beneficiary 

If the Company shall find that any
person to whom any payment is payable under this plan is unable to care for his or her
affairs because of illness or accident or is a minor, any payment due (unless a prior
claim therefore shall have been made by a duly appointed guardian, Board, or other legal
representative) may be paid to the spouse, a child, parent, or brother or sister, or to
any person deemed by the Company to have incurred expense for such person otherwise
entitled to payment, in accordance with the applicable provisions of this plan. Any such
payment shall be a complete discharge of the Company’s liabilities under this plan. 

Section 11 –
Company’s Powers and Liabilities 

The Board of Directors of the
Company, hereafter called the “Board,” shall have full power and authority to
interpret this plan. The Board’s interpretations and construction of any provisions
or action taken under this plan, including any valuation of the Account, shall be binding
and conclusive on all persons for all purposes. No member of the Board shall be liable to
any person for any action taken or omitted in connection with the interpretation and
administration of this plan unless attributable to the member’s willful misconduct or
lack of good faith. 

Section 12 –
Severability 

If the Internal Revenue Service shall
at any time interpret this plan to be ineffective with regard to deferral of the
Participant’s income, and that interpretation becomes final and is not appealed, then
only those amounts in the Account which would be treated as currently taxable income by
the Service at the time of such final interpretation shall be paid over to the
Participant. All other assets in the Account at the time of a final interpretation shall
be distributed to the Participant according to Section 3 of this plan. 

Section 13 – Entire
Plan 

This plan supersedes all other plans
previously made between the parties relating to its subject matter. There are no other
understandings or plans. 

Section 14 –
Non-Waiver 

No delay or failure by either party
to exercise any right under this plan, and no partial or single exercise of that right,
shall constitute a waiver of that or any other right. 

Section 15 –
Headings 

Headings in this plan are for
convenience only and shall not be used to interpret or construe its provisions. 

Section 16 –
Payment of Benefits 

All payments provided for by this
plan shall be made in conformity with the regular payroll procedures in use by the Company
at the time of payment. 

Section 17 –
Withholding 

Not withstanding any of the foregoing
provisions hereof, the Company may withhold from any payment to be made hereunder such
amount as it may be required to withhold under any applicable taxing authority. 

Section 18 –
Governing Law 

This plan shall be governed and
construed in accordance with the laws of the State of Iowa. 

Section 19 –
Binding Effect of Plan 

This plan shall be binding upon the
parties hereto, their heirs, assigns, successors, executors and administrators. 

      PRINCIPAL
HEALTH CARE, INC. 

      By:   /s/ Thomas J. Graf   

            Thomas
J. Graf
            Executive Vice President 

      By:   /s/ Joyce N. Hoffman   

            Joyce N. Hoffman

            Vice President and Corporate Secretary

October 27, 1997EXHIBIT 10.1
                                                                    ------------

                            ASSET PURCHASE AGREEMENT

     This Asset Purchase Agreement (this "Agreement") is made and entered into
as of November 11, 2004, by and among Business Tech Solutions Group, Inc. a New
Jersey corporation ("Seller"), Peter Conway, an individual ("Conway") and BTSG
Acquisition Corp. , a New Jersey corporation ("Buyer"), a wholly owned
subsidiary of SWK Technologies, Inc., a Delaware corporation ("SWK").

                                    RECITALS

WHEREAS, the Seller has developed, owns and licenses the enhancements to Best
Software's BusinessWorks software, as well as other software (the "Software
Assets"), including but not limited to the related source code, documentation
and related Intellectual Property (as defined in Section 1.1) relating to the
Software Assets; and

WHEREAS, the Seller wishes to sell the Software Assets, including but not
limited to the source code and all documentation related to the Software Assets,
including certain other assets of the Seller; and

WHEREAS, the Buyer wishes to purchase the Software Assets and other certain
assets of the Seller;

NOW THEREFORE, Seller and Buyer agree as follows:

                                   ARTICLE I.
                                   DEFINITIONS

     1.1  DEFINED TERMS. As used herein, the terms below shall have the
following meanings:

          "Action" shall mean any action, claim, suit, arbitration, inquiry,
subpoena, discovery request, proceeding or investigation, or threat thereof, by
or before any court or grand jury, any governmental or other regulatory or
administrative agency or commission or any arbitration tribunal.

          "Affiliate" shall mean, with respect to any Person, any other Person
directly or indirectly controlling, controlled by or under common control with
such Person and any member, general partner, director, officer or employee of
such Person. For purposes of this definition of Affiliate, "control" shall mean
the power of one or more Persons to direct the affairs of the Person controlled
by reason of ownership of voting stock, contract or otherwise.

          "Damages" shall mean any and all costs, losses, damages, liabilities,
demands, claims, suits, actions, judgments, causes of action, assessments or
expenses, including interest, penalties, fines and attorneys' fees incident
thereto, incurred in connection with any claim for indemnification arising out
of this Agreement and any and all amounts paid in settlement of any such claim.

          "Intellectual Property" shall mean all copyrights, copyright
registrations, proprietary processes, trade secrets, license rights,
specifications, technical manuals and data, drawings, inventions, designs,
patents, patent applications, mask works, tradenames, trademarks, service marks,
product information and data, know-how and development work-in-progress,
customer lists, software, business correspondence and marketing plans and other
intellectual or intangible property
<PAGE>

that comprise or are necessary to the use of the Software Assets, whether
pending, applied for or issued, whether filed in the United States or in other
countries, including, without limitation, all associated goodwill; all things
authored, discovered, developed, made, perfected, improved, designed,
engineered, acquired, produced, conceived or first reduced to practice by Seller
or any of its employees or agents that are embodied in, derived from or relate
to the Software Assets, in any stage of development, including, without
limitation, modifications, enhancements, designs, concepts, techniques, methods,
ideas, flow charts, coding sheets, notes and all other information relating to
the Software Assets.

          "Knowledge" shall mean an individual shall be deemed to have
"Knowledge" of a particular fact or other matter if such individual is actually
aware of such fact or other matter or if a prudent individual could be expected
to discover or otherwise become aware of such fact or other matter in the course
of conducting a diligent and comprehensive investigation concerning the truth or
existence of such fact or other matter. Seller shall be deemed to have
"Knowledge" of a particular fact or other matter if any officer or other
representative of Seller has Knowledge of such fact or other matter.

          "Person" shall mean any person or entity, whether an individual,
trustee, corporation, general partnership, limited partnership, trust,
unincorporated organization, limited liability company, business association,
firm, joint venture, or governmental agency or authority.

         "Purchased Assets" shall have the meaning stated in Section 2.1 in the
Agreement.

          "Software Assets" shall have the meaning stated in the Recitals to
this Agreement.

          "Taxes" shall mean all taxes, however denominated, including any
interest, penalties or other additions to tax that may become payable in respect
thereof, (i) imposed by any federal, territorial, state, local or foreign
government or any agency or political subdivision of any such government, for
which Buyer could become liable as successor to or transferee of the Software
Assets or which could become a charge against or lien on the Software Assets,
which taxes shall include, without limiting the generality of the foregoing, all
sales and use taxes, ad valorem taxes, excise taxes, business license taxes,
occupation taxes, real and personal property taxes, stamp taxes, environmental
taxes, real property gains taxes, transfer taxes, payroll and employee
withholding taxes, unemployment insurance contributions, social security taxes
and other governmental charges, and other obligations of the same or of a
similar nature to any of the foregoing, which are required to be paid, withheld
or collected, or (ii) any liability for amounts referred to in (i) as a result
of any obligations to indemnify another person.

                                   ARTICLE II.
                      PURCHASE AND SALE OF SOFTWARE ASSETS

     2.1  TRANSFER OF PURCHASED ASSETS. Pursuant to the terms and subject to the
conditions of this Agreement, in exchange for the consideration set forth in
Section 2.2 below, at the Closing, Seller shall sell, assign and deliver to
Buyer, and Buyer shall purchase from Seller, the Software Assets, as well as the
other assets listed on Schedule 2.1 (hereinafter collectively referred to as the
"Purchased Assets").
<PAGE>

     2.2  PURCHASE PRICE/ PAYMENT PROCEDURE.  As consideration for the Purchased
Assets, Buyer shall tender Seller the consideration set forth below:

          (a) The total purchase price of Thirty-five Thousand Dollars ($35,000)
(the "Purchase Price") payable in the form of Trey Resources, Inc. Class A
Common Stock (the "Buyer's Stock).

          (b) The number of shares of Buyer's Stock shall be calculated by
dividing the Purchase Price by the average closing price of the Trey Resources,
Inc. Class A Common Stock as quoted on the NASD OTC Bulletin Board for five (5)
trading days prior to the Closing Date.

          (c) The Buyer's Stock shall not be registered under the Securities Act
of 1933, as amended, (the "Act"), but may be traded pursuant to Rule 144 as
promulgated by the Securities Exchange Commission pursuant to the Act. The Buyer
shall use all reasonable efforts to have their counsel provide an opinion so
that the Buyer's Stock may be traded pursuant to Rule 144.

          (d) The Buyer shall pay the Seller a royalty equal to fifteen percent
(15%) on the net sales of the Seller's proprietary Software Assets for a period
of three (3) years following the Closing Date.

     2.3  LIABILITIES OF SELLER. The Seller will not assign and the Buyer will
not assume any liabilities of the Seller, except for those liabilities included
in Schedule 2.3 attached hereto.

     2.4  SELLER'S ACCOUNT RECEIVABLES. The Seller will not sell and the Buyer
will not purchase the Seller's account receivables recorded on or prior to the
Closing Date, but the Buyer will attempt make reasonable attempts to collect
monies owed the Seller from the customers listed on the Customer List appearing
in Schedule 2.1 herein and thereafter, remit such collections to the Seller
within thirty (30) days from the date of collection.

     2.5  SELLER'S ACCOUNTS PAYABLE. Seller hereby authorizes Buyer to pay
first, from the proceeds of the collection of Seller's accounts receivable in
accordance with Paragraph 2.4 herein, all of Seller's accounts payable which
were outstanding at the time of the closing of the transaction contemplated by
this Agreement. Notwithstanding the above, the Buyer shall not assume any
accounts payable obligations of the Seller, except for those payables described
in Schedule 2.3 herein.

                                  ARTICLE III.
                                     CLOSING

     3.1  CLOSING. The closing of the transactions contemplated herein (the
"Closing") shall be held at 10:00 a.m. Eastern Standard Time at the offices of
Trey Resources, Inc. 293 Eisenhower Parkway, Livingston, NJ 07039, on November
11, 2004, or at such other time and place as the parties may agree (the "Closing
Date") provided that all of the Closing conditions set forth in Section 3.3
hereof shall have occurred.

     3.2  DELIVERIES. Together with an executed counterpart of this Agreement,
the following items shall be delivered by the parties at the Closing:

          (a)  BY BUYER. Buyer shall deliver:

               (i) a certificate evidencing the Buyer's Stock;
<PAGE>

               (ii) the Employment Agreement described in Section 6.1(a)
executed by Buyer.

          (b)  BY SELLER. Seller shall deliver to Buyer:

               (iii) one or more Bills of Sale, in form and substance
satisfactory to Buyer and sufficient to convey the Purchased Assets to Buyer;

               (iv) such electronic and paper copies and representations of the
Intellectual Property as may in Buyer's reasonable judgment be necessary to
convey the Intellectual Property to Buyer;

               (v) the Employment Agreement described in Section 6.1(a) executed
by Seller;

               (vi) an Assignment of Seller's rights to the corporate name
"Business Tech Solutions Group, Inc.

               (vii) such other documents and instruments as are reasonably
necessary to consummate the transactions contemplated hereby.

               (viii) delivery of all source code and documentation related to
the Software Assets.

               (ix) delivery of all consents, approvals, and assignments
necessary to consummate the transaction contemplated under this Agreement
including, but not limited to: landlord's consent to assignment of the premises
located at 777 Passaic Avenue, Clinton, New Jersey, third party software vendors
consents and reseller agreement consents. At such time as landlord consents to
the assignment of Seller's lease to Buyer, the security deposit currently posted
by Seller with the Landlord shall be remitted back to Seller.

                                   ARTICLE IV.
                    REPRESENTATIONS AND WARRANTIES OF SELLER

     Seller represents and warrants to Buyer that:

     4.1  ORGANIZATION. Seller is a corporation duly organized, validly existing
and in good standing under the laws of the State of New Jersey and has full
corporate power and authority to own, lease and operate its properties and to
carry on its business as it is now being conducted. Seller is duly qualified or
licensed as a foreign corporation to do business, and is in good standing, in
each jurisdiction where the character of the properties owned, leased or
operated by it or the nature of its business makes such qualification or
licensing necessary, except for failures to be so qualified or licensed and in
good standing that would not, individually or in the aggregate, affect the
Purchased Assets in a materially adverse manner.

     4.2  AUTHORIZATION. Seller has all necessary corporate power and authority
and has taken all corporate action necessary to enter into this Agreement, to
consummate the transactions contemplated hereby and to perform its obligations
hereunder. This Agreement has been duly executed and delivered by Seller and is
a valid and binding obligation of Seller, enforceable against it in accordance
with its respective terms subject to the effect of applicable bankruptcy,
insolvency, reorganization, moratorium and other similar laws relating to or
affecting the rights of creditors generally and limitations imposed by equitable
principles, whether considered in a proceeding at law or in equity, and the
discretion of the court before which any proceeding therefor may be brought.

     4.3  BROKERS. All negotiations relating to this Agreement and the
transactions contemplated hereby have been conducted without the intervention of
any person or entity acting on behalf of Seller in such a manner as to give rise
to any valid claim against Buyer for any broker's or finder's commission, fee or
similar compensation and Seller and Peter Conway, personally, shall indemnify
Buyer and hold it harmless from any liability or expense arising from any claim
<PAGE>

for brokerage commissions, finder's fees or other similar compensation based on
any agreement, arrangement or understanding made by or on behalf of Seller.

     4.4  LITIGATION, PROCEEDINGS AND APPLICABLE LAW. There are no Actions,
suits, investigations or proceedings, at law or in equity or before or by any
governmental authority or instrumentality or before any arbitrator of any kind,
pending or, to Seller's Knowledge, threatened (a) against Seller which, if
determined adversely against Seller, would have a material adverse effect on
Seller's or Buyer's ability to use the Intellectual Property in the manner in
which it is now being used by Seller or (b) seeking to delay or enjoin the
consummation of the transactions contemplated hereby. To the Knowledge of
Seller, there are no outstanding orders, decrees or stipulations issued by any
federal, state, local or foreign, judicial or administrative authority in any
proceeding to which Seller is or was a party relating to the Software Assets.

     4.5  NO CONFLICT OR VIOLATION. Neither the execution, the delivery of this
Agreement nor the consummation of the transactions contemplated hereby or
thereby will result in (i) a violation of or a conflict with any provision of
the Articles of Incorporation or Bylaws of Seller, (ii) a material breach or
termination of, or a material default under, any term or provision of any
contract to which Seller is a party or an event which, with notice, lapse of
time, or both, would result in any such material breach, such termination or
such material default, or (iii) a material violation by Seller of any Legal
Requirement or an event which, with notice, lapse of time or both, would result
in such a material violation.

     4.6  INTELLECTUAL PROPERTY. Seller owns all rights to the Software Assets
without any conflict or infringement of the intellectual property rights of
others. All source code included within the Intellectual Property constitutes a
trade secret of Seller and is not part of the public knowledge or literature,
and Seller has taken reasonable action to protect such source code as a trade
secret.

          (b)  Schedule 4.6(b) lists (i) all patents and patent applications and
all registered copyrights, trade names, trademarks, service marks and other
company, product or service identifiers included in the Intellectual Property,
and specifies the jurisdictions in which each of the foregoing has been
registered, including the respective registration numbers, and/or any
application for any such registration has been filed; (ii) all licenses,
sublicenses and other agreements as to which Seller is a party and pursuant to
which Seller or any other Person is authorized to use any Intellectual Property;
and (iii) all licenses under which Seller is or may be obligated to make royalty
or other payments. Seller and Buyer acknowledge that Schedule 4.6(b) will state
none. Copies of all licenses, sublicenses and other agreements identified
pursuant to clauses (ii) and (iii) above have been delivered by Seller to Buyer.
<PAGE>

          (c)  Seller is not in violation in any material respect of any
license, sublicense or agreement described in Schedule 4.6(b). As a result of
the execution and delivery of this Agreement or the performance of Seller's
obligations hereunder, neither Seller nor Buyer shall be in violation in any
material respect of any license, sublicense or agreement described in such
schedule.

          (d)  Seller is the sole owner of all necessary right, title and
interest in and to (free and clear of any liens, encumbrances or security
interests) all non-public domain Intellectual Property necessary to fully
exploit the Software Assets and has full rights to the use, sale, license or
disposal thereof. Except as expressly set forth in Schedule 4.6(b), no other
Person has any rights with respect to any of the Intellectual Property, nor is
any consent or approval of any third party needed to fully utilize and exploit
the Software Assets as presently configured.

          (e)  No claims with respect to the Intellectual Property have been
asserted to Seller, or, to Seller's Knowledge, are threatened by any person, and
Seller knows of no claims (i) to the effect that Seller infringes any copyright,
patent, trade secret, or other intellectual property right of any third party or
violates any license or agreement with any third party, (ii) contesting the
right of Seller to use, sell, license or dispose of any Intellectual Property,
or (iii) challenging the ownership, validity or effectiveness of any of the
Intellectual Property.

          (f)  [Intentionally omitted]

          (g)  To the Knowledge of Seller, and except as expressly set forth in
Schedule 4.6(b), there has not been and there is not now any unauthorized use,
infringement or misappropriation of any of the Intellectual Property by any
third party. Seller has not been sued or, to Seller's Knowledge, charged as a
defendant in any claim, suit, action or proceeding that involves a claim of
infringement of any patents, trademarks, service marks, copyrights or other
intellectual property rights that comprise the Software Assets. Seller does not
have any infringement liability with respect to any patent, trademark, service
mark, copyright or other intellectual property right of any third party insofar
as the Software Assets are concerned.

          (h)  No Intellectual Property is subject to any outstanding order,
judgment, decree, stipulation or agreement restricting in any material manner
the licensing thereof by Seller. Seller has not entered into any agreement to
indemnify any other person against any charge of infringement of any
Intellectual Property, except in the ordinary course of business. Seller has not
entered into any agreement granting any third party the right to bring
infringement actions with respect to, or otherwise to enforce rights with
respect to, any Intellectual Property. Seller has the exclusive right to file,
prosecute and maintain all applications and registrations with respect to the
Intellectual Property developed or owned by Seller.

          (i)  Except as set forth in Schedule 4.6(b), no person has a license
to use or the right to acquire a license to use any future version of any
product based on the Intellectual Property or any product based on the
Intellectual Property that is under development, and no agreement to which
Seller is a party will restrict Buyer from charging customers for any such new
version or product.
<PAGE>

     4.7  ASSETS GENERALLY. Seller holds good and marketable title, license to
or leasehold interest in all of the Purchased Assets and has the complete and
unrestricted power and the unqualified right to sell, assign and deliver the
Purchased Assets to Buyer. Upon consummation of the transactions contemplated by
this Agreement, Buyer will acquire good and marketable title, license or
leasehold interest to the Purchased Assets free and clear of any encumbrances
and there exists no restriction on the use or transfer of the Purchased Assets.
No Person other than Seller has any right or interest in the Purchased Assets,
including the right to grant interests in the Purchased Assets to third parties.

     4.8  PRODUCTS. The Software Assets operate in compliance with Seller's
specifications for such products. Buyer acknowledges that such Software Assets,
while operable for their intended use, may contain certain defects. Accordingly,
Buyer is acquiring these Software Assets on an "As-Is, Where-Is' basis, with no
further warranty as to merchantability or usability being provided by Seller.

     4.9 RECEIPT OF SHARES ENTIRELY FOR OWN ACCOUNT. This Agreement is made with
Seller in reliance upon Seller's representation, which by Seller's execution of
this Agreement Seller hereby confirms, that the shares being issued to Seller
hereunder are being acquired for investment for Seller's own account, not as a
nominee or agent, and not with a view to the resale or distribution of any part
thereof, and that Seller has no present intention of selling, granting any
participation in, or otherwise distributing the same. By executing this
Agreement, Seller further represents that it does not have any contract,
undertaking, agreement or arrangement with any person to sell, transfer or grant
participations to such person or to any third person, with respect to any of the
Buyer's Stock.

     4.10 DISCLOSURE OF INFORMATION. Seller believes that it has received all
the information necessary or appropriate for deciding whether to receive the
Buyer's Stock as part of the consideration for the Purchased Assets. Seller
further represents that its officers and agents have had an opportunity to ask
questions and receive answers from Buyer regarding the terms and conditions
pertaining to the Buyer's Stock and the business, properties, prospects and
financial conditions of Buyer. Seller has arrived at an independent view
concerning the value of Buyer, recognizes that the transactions in which Seller
is acquiring the Buyer's Stock is occurring in an arms' length transaction and
is not relying upon any statements by Buyer as to the value of Buyer or the
Buyer's Stock.

     4.11 SHAREHOLDERS OF SELLER.  Peter Conway is the sole shareholder of the
Seller.

     4.12 The Seller is solvent, and is currently paying its outstanding
obligations to vendors, lenders, employees, governmental entities (including tax
authorities), and other third parties as such obligations become due.

                                   ARTICLE V.
                     REPRESENTATIONS AND WARRANTIES OF BUYER

     Buyer hereby represents and warrants to Seller as follows:
<PAGE>

     5.1  ORGANIZATION OF BUYER. Buyer is a corporation duly organized, validly
existing and in good standing under the laws of New Jersey and has full
corporate power and authority to own, lease and operate its properties and to
carry on its business as it is now being conducted.

     5.2  AUTHORIZATION. Buyer has all necessary corporate power and authority
and has taken all corporate action necessary to enter into this Agreement to
consummate the transactions contemplated hereby and thereby and to perform its
obligations hereunder. This Agreement and has been duly executed and delivered
by Buyer and is a valid and binding obligation of Buyer, enforceable against it
in accordance with its terms subject to the effect of applicable bankruptcy,
insolvency, reorganization, moratorium, and other similar laws relating to or
affecting the rights of creditors generally and limitations imposed by equitable
principles, whether considered in a proceeding at law or in equity, and the
discretion of the court before which any proceeding therefor may be brought.

     5.3  BROKERS. All negotiations relating to this Agreement and the
transactions contemplated hereby have been conducted without the intervention of
any person or entity acting on behalf of Buyer in such a manner as to give rise
to any valid claim against Seller for any broker's or finder's commission, fee
or similar compensation.

     5.4  CONSENTS AND APPROVALS. No consent, waiver, approval or authorization
of or by, or declaration, filing or registration with, any governmental or
regulatory authority is required to be made or obtained by Buyer in connection
with the execution, delivery and performance of this Agreement and the
consummation of the transactions contemplated hereby.

                                   ARTICLE VI.
                                CERTAIN COVENANTS

     6.1  COVENANTS OF BOTH PARTIES.  Buyer, on the one hand, and Seller, on the
other hand, each covenant to the other that:

          (a)  EMPLOYMENT AGREEMENT. Buyer and Seller shall enter into a
Employment Agreement substantially in the form of Exhibit A hereto for services
to be provided by Peter Conway commencing immediately after the Closing.

          (b)  FURTHER ASSURANCES. Each party will cooperate in good faith with
the other and will take all appropriate action and execute any documents,
instruments or conveyances of any kind which may be reasonably necessary or
advisable to carry out any of the transactions contemplated hereunder. From and
after the execution hereof, Seller will promptly refer all inquiries with
respect to the ownership of the Purchased Assets to Buyer and execute such
documents as Buyer may reasonably request from time to time to evidence transfer
of the Purchased Assets to Buyer.

     6.2  SELLER'S COVENANTS.  Seller covenants to Buyer that:

          (a)  COOPERATION AND TRANSITION ASSISTANCE. Seller shall use its best
efforts to facilitate the transition of customers, customer support services,
and development, marketing and sales functions related to the Purchased Assets
to Buyer, and shall direct any new inquiries regarding the Purchased Assets to
Buyer or its assignee.
<PAGE>

          (b)  DOCUMENTATION. Seller shall provide Buyer with full and complete
documentation, both written and computer generated, relating to the business
that Seller has conducted using the Purchased Assets, including all
correspondence and files relating to their development.

          (c)  CHANGE OF CORPORATE NAME. Within seven (7) days from the Closing
Date, the Seller agrees to change its corporate name to a name that is not
similar to its present name.

     6.3  BUYER'S COVENANTS. Buyer covenants to Seller that the Small Business
Services Division ("SBSD") of SWK, of which Peter Conway will be director, will
operate on the basis of an operating plan and budget to be mutually agreed upon
by Peter Conway and Jeffrey Roth such budget to be finalized by December 15,
2004.

                                  ARTICLE VII.
                                 INDEMNIFICATION

     7.1  INDEMNIFICATION BY THE BUYER. In the event Buyer (i) breaches or is
deemed to have breached any of the representations and warranties contained in
Article IV herein, or (ii) fails to perform or comply with any of the covenants
and agreements set forth in this Agreement, Buyer shall hold harmless, indemnify
and defend Seller, and each of its directors, officers, shareholders, attorneys,
representatives and agents, from and against any Damages incurred or paid by
Seller to the extent such Damages arise or result from a breach by Buyer of any
such representations or warranties or a violation of any covenant in this
Agreement.

     7.2  INDEMNIFICATION BY SELLER.

          (a)  Notwithstanding any investigation by Buyer or its
representatives, Seller and Peter Conway, personally, will, jointly and
severally, indemnify, hold Buyer, its Affiliates and their respective directors,
officers, employees and agents (collectively, the "Buyer Parties") harmless from
any and all Damages, liabilities, obligations, claims, contingencies, damages,
costs and expenses, including all court costs, litigation expenses and
reasonable attorneys' fees that any Buyer Parties may suffer or incur as a
result of or relating to:

               (i) the breach of any representation or warranty made by Sellers
in this Agreement;

               (ii) all Taxes allocable to any taxable period (or any portion
thereof) ending on or before the Closing Date.;

               (iii) any claim commenced by any third party relating to actions
or omissions of Seller (or any of their Affiliates) that occurred prior to the
Closing Date. Notwithstanding the above, indemnification by the Seller for
customer third party claims relating to product or service performance only,
shall be limited to Five Thousand Dollars ($5,000) , which sum will be paid to
Buyer by Seller by a mutually agreed upon reduction in Peter Conway's bi-weekly
salary, or alternatively, by a mutually agreed upon reduction in Peter Conway's
annual bonus; and/or

               (iv) any claim or liability not disclosed in the financial
statements delivered on the Closing Date or incurred in the ordinary course of
business consistent with past practice .

     7.3  NOTIFICATION OF CLAIMS. If any party or parties (the "Indemnified
Party") reasonably believes that it is entitled to indemnification hereunder, or
otherwise receives notice of the assertion or commencement of any third-party
claim, action, or proceeding (a "Third-Party Claim"), with respect to which such
other party or parties (the "Indemnifying Party") is obligated to provide
<PAGE>

indemnification pursuant to Section 7.1 or 7.2 above, the Indemnified Party
shall promptly give the Indemnifying Party written notice of such claim for
Indemnification (an "Indemnity Claim"). Any claim for indemnification under this
Section 7 must be brought prior to the expiration of the survival period for the
representation and warranty as set forth in Section 9.1. The delivery of such
notice of Indemnity Claim ("Claim Notice") shall be a condition precedent to any
liability of the Indemnifying Party for indemnification hereunder. The
Indemnifying Party shall have twenty (20) days from the receipt of a Claim
Notice (the "Notice Period") to notify the Indemnified Party of whether or not
the Indemnifying Party disputes its liability to the Indemnified Party with
respect to such Indemnity Claim.

     7.4  RESOLUTION OF CLAIMS. With respect to any Indemnity Claim involving a
Third-Party Claim, following prompt notification of the Indemnifying Party, the
Indemnified Party shall proceed with the defense of such Third-Party Claim.
During such defense proceedings, the Indemnified Party shall keep the
Indemnifying Party informed of all material developments and events relating to
the proceedings. The Indemnifying Party shall have a right to be present at the
negotiation, defense and settlement of such Third-Party Claim. The Indemnified
Party shall not agree to any settlement of the Third-Party Claim without the
consent of the Indemnifying Party, which consent shall not be unreasonably
withheld. Following entry of judgment or settlement with respect to the Third-
Party Claim, any dispute as to the liability of the Indemnifying Party with
respect to the Indemnity Claim shall be resolved as provided in Section 7.5.

          (b)  With respect to any Indemnity Claim not involving a Third-Party
Claim, if the Indemnifying Party disputes its liability within the Notice
Period, the liability of the Indemnifying Party shall be resolved in accordance
with Section 7.5.

          (c)  In the event that an Indemnified Party makes an Indemnity Claim
in accordance with Section 7.3 and the Indemnifying Party does not dispute its
liability within the Notice Period, the amount of such Indemnity Claim shall be
conclusively deemed a liability of the Indemnifying Party.

     7.5  ARBITRATION. All disputes under this Agreement shall be settled by
arbitration in Newark, New Jersey before a single arbitrator pursuant to the
commercial law rules of the American Arbitration Association. Arbitration may be
commenced at any time by any party hereto giving written notice to each other
party to a dispute that such dispute has been referred to arbitration under this
Section 7.5. The arbitrator shall be selected by the joint agreement of the
Indemnifying Party and Indemnified Party, but if they do not so agree within 20
days after the date of the notice referred to above, the selection shall be made
pursuant to the rules from the panels of arbitrators maintained by such
Association. Any award rendered by the arbitrator shall be conclusive and
binding upon the parties hereto; provided, however, that any such award shall be
accompanied by a written opinion of the arbitrator giving the reasons for the
award. This provision for arbitration shall be specifically enforceable by the
parties and the decision of the arbitrator in accordance herewith shall be final
and binding without right of appeal. Each party shall pay its own expenses of
arbitration and the expenses of the arbitrator shall be equally shared;
provided, however, that if in the opinion of the arbitrator any claim for
indemnification or any defense or objection thereto was unreasonable, the
arbitrator may assess, as part of his award, all or any part of the arbitration
<PAGE>

expenses of the other party (including reasonable attorneys' fees) and of the
arbitrator against the party raising such unreasonable claim, defense or
objection. To the extent that arbitration may not be legally permitted hereunder
and the parties to any dispute hereunder may not at the time of such dispute
mutually agree to submit such dispute to arbitration, any party may commence a
civil action in a court of appropriate jurisdiction to solve disputes hereunder.
Nothing contained in this Section 7.5 shall prevent the parties from settling
any dispute by mutual agreement at any time.

                                  ARTICLE VIII.
           RESTRICTIONS ON TREY RESOURCES, INC. CLASS A COMMON SHARES

     The Buyer's Stock issued to Buyer pursuant to this Agreement shall be
subject to the following restrictions:

     (a)  Legends on Stock Certificates. Each certificate representing shares
issued pursuant to this Agreement shall be endorsed with the following legends:

                  THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
                  REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
                  "ACT"), AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED OR
                  HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION
                  STATEMENT UNDER THE ACT COVERING SUCH SECURITIES, THE SALE IS
                  MADE IN ACCORDANCE WITH RULE 144 OR ITS SUCCESSOR RULE UNDER
                  THE ACT, OR THE COMPANY RECEIVES AN OPINION OF COUNSEL
                  SATISFACTORY TO THE COMPANY THAT EXEMPTIONS FROM SUCH
                  REGISTRATION AND FROM THE PROVISIONS OF ANY APPLICABLE STATE
                  "BLUE SKY" LAWS ARE AVAILABLE.

                                   ARTICLE IX.
                                  MISCELLANEOUS

     9.1  SURVIVAL OF REPRESENTATIONS AND WARRANTIES.  The representations,
warranties and indemnities included or provided for in this Agreement or in any
agreement, schedule or certificate or other document or instrument delivered
pursuant to this Agreement will survive the Closing Date for a period of
thirty-six (36) months. No claim may be made by any party hereto unless written
notice of the claim is given within that thirty-six month period; provided,
however, that the foregoing limitation period will not apply to a breach of any
representation, warranty or covenant known to any party before the Closing Date.

     9.2  SETOFF. Buyer may set off any amount that may be owed to it by Seller
under this Agreement against any amount otherwise payable to Seller by Buyer,
but any such setoff shall in no manner limit Seller's liability, if any, to
Buyer.

     9.3  Covenant Not To Compete. For a period of three (3) years following the
Closing Date, Seller will not do any of the following, either directly or
indirectly, anywhere in the United States. In the event that Seller improperly
competes with Buyer in violation of this Section, the period during which they
engage in such competition shall not be counted in determining the duration of
the three (3) year non-compete restriction:
<PAGE>

          (a)  For purposes of this Section 9.3, "Competitive Activity" shall
mean any activity relating to, in respect of or in connection with, directly or
indirectly, the information technology consulting business and the business of
reselling business software;

          (b)  Neither Seller nor Peter Conway shall solicit or perform services
in connection with any Competitive Activity for any current customers of Buyer
or any party who was a customer during the past two (2) years except as
otherwise permitted under the Employment Agreement;

          (c)  Neither Seller nor Peter Conway shall solicit or perform services
in connection with any Competitive Activity for any customer listed on Schedule
2.1A attached hereto;

          (d)  Neither Seller nor Peter Conway shall solicit for employment or
employ any then current employees employed by Buyer without Buyer's consent; or

          (e)  For a period of three (3) years following the Closing Date, Peter
Conway shall not compete with the Company in any fashion, and shall not work
for, advise, be a consultant to or an officer, director, agent or employee of or
otherwise associate with any person, firm, corporation or other entity which is
engaged in or plans to engage in a Competitive Activity.

          (f)  For a period of three (3) years following the Closing Date, Peter
Conway shall not encourage or solicit any employee of the Seller or any
affiliate to leave the Buyer's or any affiliate of the Buyer's employ for any
reason or interfere in any material manner with employment relationships at the
time existing between the Buyer and its current employees, except as may be
required in any bona fide termination decision regarding any Seller employee.

          (g)  For a period of three (3) years following the Closing Date,
Peter Conway shall not encourage or solicit any customer of the Seller or any
affiliate to purchase a product that competes with a product of the Buyer or any
affiliate.

     9.4  PRESS RELEASES AND PUBLIC ANNOUNCEMENTS.  Prior to the Closing Date,
neither the Seller (nor their respective shareholders, officers and directors)
shall issue any press release or make any public announcement concerning the
matters set forth in this Agreement (other than as required by applicable
disclosure rules or regulations) without the consent of the Buyer.

     9.5  ASSIGNMENT. This Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns. Buyer
may, without need for any consent or notice to Seller, assign all of its rights
and obligations under this Agreement to any Affiliate of Buyer, and such
assignment shall release Buyer of all of its liabilities and obligations to
Seller, provided such liabilities and obligations are fully assumed by Buyer's
assignee.

     9.6  NOTICES. Unless otherwise provided herein, any notice, request,
instruction or other document to be given hereunder by either party to the other
shall be in writing and delivered by telecopy or other facsimile (with receipt
acknowledged), delivered personally or mailed by certified mail, postage
prepaid, return receipt requested (such mailed notice to be effective on the
date such receipt is acknowledged or refused), to the addresses of the parties
appearing on the signature page of this Agreement or to such other place and
with such other copies as either party may designate as to itself by written
notice to the other.

     9.7  CHOICE OF LAW. This Agreement shall be governed under and construed in
accordance with the laws of the State of New Jersey without regard to its choice
of law principles. For purposes of any dispute or controversy arising under this
Agreement or the transactions contemplated hereby, the parties mutually consent
to the exclusive jurisdiction of the courts of the State of New Jersey..

     9.8  ENTIRE AGREEMENT; AMENDMENTS AND WAIVERS.  This Agreement, together
with all exhibits and schedules hereto, constitute the entire agreement among
the parties pertaining to the subject matter hereof and supersede all prior
agreements, understandings, negotiations and discussions, whether oral or
written, of the parties. No supplement, modification or waiver of this Agreement
shall be binding unless executed in writing by the party to be bound thereby. No
waiver of any of the provisions of this Agreement shall be deemed or shall
constitute a waiver of any other provision hereof (whether or not similar), nor
shall such waiver constitute a continuing waiver unless otherwise expressly
provided.
<PAGE>

     9.9  MULTIPLE COUNTERPARTS. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument. Facsimile signature pages
shall be considered originals.

     9.10 TITLES. The titles, captions or headings of the Articles and Sections
herein are inserted for convenience of reference only and are not intended to be
a part of or to affect the meaning or interpretation of this Agreement.

     9.11 PETER CONWAY. Conway as sole shareholder and President of the Seller,
hereby agrees to guarantee the performance by the Seller of its obligations
herein and the accuracy of the Seller's representations and warranties under
this Agreement. Conway hereby agrees that the Buyer may look to Conway for
performance of the Seller's obligations herein, including, but not limited to
the Seller's obligations under Article VII.

<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed on their respective behalf, by their respective officers thereunto
duly authorized, in multiple originals, all as of the day and year first above
written.

Address for Notice                         BUSINESS TECH SOLUTIONS GROUP, INC.
                                           a New Jersey corporation
777 Passaic Avenue
Clifton, NJ 07012
                                           By: _______________________
                                               Peter Conway
                                               President

Address for Notice                         PETER CONWAY
                                           an individual
777 Passaic Avenue
Clifton, NJ 07012
                                           By: _______________________
                                               Peter Conway

Address for Notice                         BTSG ACQUISITION CORP.
                                           a New Jersey corporation
293 Eisenhower Parkway
Livingston, NJ 07039
                                           By: _______________________
                                               Jeffrey Roth
                                               President

with a copy to:

Lawrence A. Muenz, Esquire
Meritz & Muenz LLP
2021 O Street, NW
Washington, DC 20036
<PAGE>

                                  Schedule 2.1

                              ASSETS TO BE ACQUIRED

i)   The corporate name "Business Tech Solutions Group, Inc."

ii)  The source code and all documentation relating to enhancements the Seller
has made for Best Software's BusinessWorks' software, including, but not limited
to: BW Xchange, BW EDI Xchange and BW Ecom Xchange, and Crystal Reports to be
used with BusinessWorks' software.

iii) The source code and documentation for all other software owned by the
Seller including, but not limited to: Bus Scheduling and Billing Program, Custom
Pricing Program, Sales Commission Processing Program, Sales Returns Processing
Program, and the Oilmatic Truck Route Delivery Program. Buyer acknowledges that
Seller does not hold clear title to the Oilmatic Truck Route Delivery Program,
and that resale of this product will be subject to the completion of a
negotiated agreement with Oilmatic, Inc.

(iv) All reseller agreements entered into by Business Tech Solutions Group,
Inc., including specifically all reseller agreements with Best Software.

(v)  The customer list of Business Tech Solutions Group, Inc., a copy of which
is attached hereto as Exhibit 2.1A.

(v)  The leasehold at 777 Passaic Avenue, Clifton, New Jersey.

(vi) All furniture, fixtures, and equipment owned by Seller.

<PAGE>

                                 Schedule 2.1 A

                                List of Customers

<PAGE>

                                  Schedule 2.3

Liabilities Assumed

     A)  Leasehold interest for the property located at 777 Passaic Avenue
         Clifton, NJ 07012.

     B)  Trade payables in an amount not to exceed $19,000.

     C)  Health insurance premiums due and payable after the Closing Date.

LEASES

GE Cap. - Canon Copier 5/26/05 (Must cancel 90 days prior in 2/05)     321.00
          Bizfone - 12/26/04 (Must cancel 9/04)

GE Cap.Colonial - Computer Equipment 4/30/05                           958.00
(Must cancel 90 days prior in 1/05)

Dell - Laptop 12/3/04 ($1 BUY OUT) automatic debit from checking.       95.36

<PAGE>

                                Schedule 4.6 (b)

            Patents, Trademarks, Service Marks, and Licenses Granted

                                      None

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