Document:

EXHIBIT 10.1

February 8, 2002

Dr. Richard Bubenik

Dear Rick:

This will confirm our understanding with respect to your continued employment by
SAVVIS Communications Corporation, a Missouri corporation ("SAVVIS") as
Executive Vice President - Chief Technical Officer reporting directly to the
Chief Executive Officer of SAVVIS. In such capacity, you shall perform such
executive and managerial services, and shall have such authority, duties and
responsibilities as shall be assigned to you from time to time by the Chief
Executive Officer and/or the Board of Directors of SAVVIS (or its designee).

During the term of your employment, you shall receive a base annual salary of at
least $200,000 per year, payable in installments in accordance with the usual
practices of SAVVIS. Your salary shall be reviewed on an annual basis. You shall
be entitled to receive an annual incentive bonus based on mutually agreed to
objectives based on your performance and that of SAVVIS. The target range for
this annual incentive bonus shall be approximately 50% of your then current base
salary. The annual incentive bonus shall be payable on a calendar year basis and
will typically be paid during the first two months of the calendar year for
performance during the prior calendar year. In addition, you shall receive
fringe benefits at a level not less than those received by other similarly
situated senior executive employees of SAVVIS.

In the event your employment is terminated without "cause," or you resign your
employment with "Good Reason," (i) you shall continue to receive your then
current base salary for a period of twelve months, (ii) you shall receive a lump
sum payment equal to the bonus received (or declared if the entire amount has
not yet been paid to you) by you for the preceding year, such amount being pro
rated for the period of January 1 of the year of termination through the date of
such termination; provided, however, in no event shall such payment be less than
one-half of the bonus received (or declared if the entire amount has not yet
been paid to you) for such preceding year, (iii) you shall receive a lump sum
payment equal to that portion of the preceding year's declared bonus which has
not yet been received by you and (iv) you shall continue to receive, for a
period of one year from the date of such termination, all of the benefits that
you were receiving on the date of your termination. In the case of the payments
due to you under sections (ii) and (iii) above, such payments shall be made to
you within thirty days of the date of such termination.
<PAGE>

February 8, 2002
Dr. Richard Bubenik
Page 2 of 2

You may resign for "Good Reason" if (i) there is a change in your position with
SAVVIS which entails materially reduced responsibilities, compensation, target
bonus or equity incentive opportunities or (ii) your primary place of employment
is relocated from the metropolitan area in which you are located at the time of
such resignation, provided and only if such change, reduction or relocation is
effected by SAVVIS without your prior consent.

Your employment with SAVVIS may be terminated with "cause" at any time without
notice. For purposes of this agreement, cause is defined as (i) any conduct by
you as an employee of SAVVIS that violates state or federal laws or Company
policies and standards of conduct; (ii) dishonesty by you in performance of your
duties as an employee of SAVVIS, or (iii) willful misconduct by you that you
know (or should know) will materially injure the reputation of SAVVIS. If you
are terminated for cause, you will not be entitled to severance benefits.

Please confirm your acceptance of this offer by executing the enclosed copy of
this letter and returning it to me at your earliest convenience.

Sincerely Your,

/s/ Robert A. McCormick                           Agreed to and accepted by:
-----------------------
    Robert A. McCormick                           /s/ Richard Bubenik
Chairman and                                      ----------------------------
Chief Executive Officer                               Richard Bubenik
                                                           2/8/02EXHIBIT 10.2

                                                                  Execution Copy

              Agreement Resolving All Outstanding SAVVIS-BIS Issues
              -----------------------------------------------------

This Agreement is made this 8th day of February, 2002 (the "Effective Date) by
and between SAVVIS Communications Corporation, a Delaware corporation (together
with and on behalf of its direct and indirect subsidiaries, "SAVVIS"), and BIS
Administration, Inc. (together with and on behalf of its direct and indirect
subsidiaries, "BIS").

WHEREAS, the parties hereto wish to set forth the terms and conditions to bring
to closure all outstanding issues between them.

NOW, THEREFORE, in consideration of the mutual covenants and agreements
hereinafter set forth, the sufficiency of which the parties mutually
acknowledge, the parties hereby agree as follows:

         1.  Satisfaction of Note and Pre-Petition Claims Setoff and Offsets

               a. As per Amendment No. 2 dated January 8, 2002 to the Agreement
                  Regarding the Supplemental Terms of the Interim SAVVIS
                  Financing dated May 3, 2001 (the "Supplemental Agreement"),
                  the parties have extended the deadline for SAVVIS to obtain
                  long term financing (the "Funding") until February 28, 2002.
                  The parties hereby extend such deadline further to March 31,
                  2002 and SAVVIS agrees to use its best efforts to close
                  formally such Funding by that date (the "Closing"). The
                  parties recognize, however, that regulatory requirements
                  outside of SAVVIS' control will dictate the Closing date.
                  Provided that SAVVIS files the requisite HSR filing on or
                  before February 15, 2002, the parties hereby agree that if
                  such case arises, the Funding deadline will be extended to
                  April 30, 2002.

               b. In lieu of the issuance of Preferred Stock of SAVVIS as
                  required by the Note and Pre-Petition Claims Setoff (the
                  "Setoff") under the Supplemental Agreement, the parties hereto
                  agree that such Setoff shall be satisfied by aggregating the
                  Setoff plus certain additional amounts owed to BIS by SAVVIS,
                  offset by certain amounts owed to SAVVIS by BIS, each
                  enumerated in this Section b, in order to calculate the
                  "Aggregated Setoff". The Aggregated Setoff shall then be
                  multiplied by a factor of $.431 (the "Setoff Factor"), the
                  result of which shall be the "Total Setoff", which SAVVIS
                  shall pay to BIS in cash at the Closing. The Total Setoff is
                  determined as follows:

                                       1
<PAGE>

                    ------------------------------------------------------------
                    Setoff                                          $23,300,000
                    ------------------------------------------------------------
                    Plus an amount owed to BIS by
                    SAVVIS to settle the US billing
                    adjustment                                        6,500,000
                    ------------------------------------------------------------
                    Plus an amount owed to BIS by
                    SAVVIS to settle all remaining
                    obligations in connection with the
                    purchase of the stock of Bridge
                    Japan KK by SAVVIS                                  800,000
                    ------------------------------------------------------------
                    Less an amount owed to SAVVIS
                    by BIS to settle claims for unpaid
                    bills in Latin America                           (1,400,000)
                    ------------------------------------------------------------
                    Less an amount owed to SAVVIS
                    by BIS to settle claims for unpaid
                    bills in Europe                                  (1,200,000)
                    ------------------------------------------------------------
                    Less an amount owed to SAVVIS
                    by BIS to settle claims in
                    connection with SAVVIS' right to
                    sell certain routers to BIS under
                    the Network Services Agreement,
                    dated February 18, 2000                            (500,000)
                    ------------------------------------------------------------
                    Aggregated Setoff                               $27,500,000
                    ------------------------------------------------------------

                    ------------------------------------------------------------
                    Multiplied by the Setoff Factor                     X 0.431
                    ------------------------------------------------------------

                    ------------------------------------------------------------
                    TOTAL SETOFF                                    $11,850,000
                    ------------------------------------------------------------

               c. Upon SAVVIS paying the Total Setoff in cash, the Setoff and
                  the other amounts owed by SAVVIS to BIS and by BIS to SAVVIS
                  described above will be deemed to have been paid in full and
                  no further obligation on the part of either party with respect
                  to such matters shall thereafter exist.

               d. Assignment of Claims. SAVVIS shall assign to BIS all remaining
                  claims, if any, held by SAVVIS against any BIS affiliate
                  outside the United States, other than Canada (the "Assigned
                  Claims").

         2.  Sharing Agreement

               a. SAVVIS and BIS are parties to the Sharing Agreement and Mutual
                  Release with General Electric Capital Corporation, for itself
                  and as agent for certain participants (collectively, "GECC"),
                  Bank of Nova Scotia Trust

                                       2
<PAGE>

                  Company of New York, Harris Trust Savings Bank and Goldman
                  Sachs Credit Partners, L.P. (the "Sharing Agreement").

               b. Pursuant to the Sharing Agreement, BIS has paid to GECC
                  approximately $2.1M. SAVVIS will reimburse BIS $0.9M of such
                  payment in cash at the Closing.

         3.  Canada. Pursuant to the October 29, 2001 letter agreement (the
             "Canada Letter") between SAVVIS, SAVVIS Canada and BIS, regarding
             Payments to Telecommunication Service Providers of Bridge
             Information Systems, Canada, Inc. ("Bridge Canada"), Bridge Canada
             will distribute to SAVVIS its remaining proportionate share of the
             Bridge Canada assets, which the parties estimate will be CA$2.5M.

         4.  Mechanic's Liens

               a. Notwithstanding anything to the contrary herein, BIS and
                  SAVVIS agree that their respective claims against each other
                  for losses, costs, expenses, or damages that arise from or
                  relate to charges for labor or materials supplied for the
                  improvement of the real property and improvements located at
                  717 Office Parkway (the "717 Building"), 795 Office Parkway
                  (the "795 Building"), each located in Creve Coeur, Missouri,
                  and the SAVVIS Data Center Building located at 587 McDonnell
                  Douglas Boulevard in Hazelwood, Missouri (the "Data Center")
                  shall be resolved as follows:

                      i.   717 Building. Two mechanic's liens are asserted
                           against this property by Sachs Electric Company
                           ("Sachs") for improvements that were enjoyed by both
                           BIS (as owner) and SAVVIS (as tenant). The parties
                           agree that the amounts asserted are commensurate with
                           the value of the improvements. Therefore, BIS and
                           SAVVIS shall stipulate to the entry of a judgment in
                           the Adversary Proceeding # 01-4176-293 (the
                           "Adversary Proceeding") to enforce mechanic's liens
                           that are pending in the Bankruptcy Court, allowing
                           the claims for the full principal amount asserted,
                           the aggregate amount of which is $79,932.19. Promptly
                           following entry of this judgment, BIS shall pay 40%
                           of such amount (which is approximately $32,000) from
                           the escrowed proceeds received by BIS from its sale
                           of such assets to Reuters relating to such claims
                           (the "Reuters Proceeds"). SAVVIS shall pay the
                           remaining 60% of such amount (which is approximately
                           $48,000).

                      ii.  795 Building. Three mechanic's liens are asserted
                           against this property by Sachs for improvements that
                           were enjoyed by both BIS (as owner) and SAVVIS (as
                           tenant). The parties agree that the

                                       3
<PAGE>

                           amounts asserted are commensurate with the value of
                           the improvements. Therefore, BIS and SAVVIS shall
                           stipulate to the entry of a judgment in the Adversary
                           Proceeding, allowing the claims for the full
                           principal amount asserted, the aggregate amount of
                           which is $210,485.14. Promptly following entry of
                           this judgment, BIS shall pay 30% of such amount
                           (which is approximately $63,000) from the Reuters
                           Proceeds. SAVVIS shall pay the remaining 70% of such
                           amount (which is approximately $147,000).

                      iii. Data Center. Several mechanic's liens (the "Data
                           Center Liens") are asserted by contractors and
                           material suppliers (the "Data Center Lien Claimants")
                           against SAVVIS' interests in the Data Center and
                           against the BIS' proceeds from its sale of the
                           underlying real property to Reuters, which is a
                           component of the Reuters Proceeds. The extent,
                           validity and priority of the Data Center Liens is to
                           be determined by the Bankruptcy Court in the context
                           of the Adversary Proceeding, which currently has a
                           trial date of March 11, 2002. SAVVIS and BIS are
                           negotiating the terms of a settlement with the Data
                           Center Lien Claimants which SAVVIS and BIS agree may
                           include the following elements: (1) entry of a
                           Consent Judgment in the Adversary Proceeding in favor
                           of the Data Center Lien Claimants in an amount to be
                           negotiated; (2) immediate partial satisfaction of the
                           Consent Judgment from the Reuters Proceeds; (3)
                           periodic payments by SAVVIS until the Consent
                           Judgment is satisfied; (4) collateral security for
                           the Consent Judgment in form and substance mutually
                           satisfactory to the parties; and (5) stay of
                           execution of the Consent Judgment. If needed to
                           strike a settlement, SAVVIS will consent to a Consent
                           Judgment for 100% of the principal amount claimed by
                           the Data Center Lien Claimants and will commit to pay
                           up to $0.6M upon entry of the Consent Judgment and
                           thereafter $.3M per month and BIS will commit to pay
                           up to $1.4M from the Reuters Proceeds upon entry of
                           the Consent Judgment. Whether or not the Data Center
                           Liens are resolved through settlement, SAVVIS agrees
                           to indemnify BIS fully against any and all sums paid
                           by BIS toward satisfaction of the Data Center Liens
                           and the Data Center Lien Claimants' claims, which
                           claim for indemnity shall be secured by a first
                           priority lien and judgment against SAVVIS' interests
                           in the Data Center and ground lease. The
                           aforementioned lien will be subordinated to the Data
                           Center Lien Claimants' judgment until their share of
                           the judgment against SAVVIS is paid in full. If
                           SAVVIS refinances or sells the Data Center, SAVVIS
                           shall satisfy the Data Center Lien Claimants'
                           judgment and BIS' subrogation claim in cash from the
                           closing proceeds of any such sale.

                                       4
<PAGE>

               b. If any amounts remain due and owing to BIS under this section
                  4 on the date of the Closing, SAVVIS shall pay such amount to
                  BIS in cash at Closing in addition to the Total Setoff.

         5.  Assignment of Patents, Other Interests. BIS shall assign to SAVVIS,
             at no additional charge, the smart rack patent and set top box
             patent and any interest it has in any plans, drawings and
             warranties respecting the Data Center.

         6.  Board Representation. The SAVVIS Board of Directors has agreed to
             provide BIS, upon execution of this Agreement, one Board
             representative for a term ending on the earlier of: (a) three
             years; (b) the date upon which BIS' ownership of SAVVIS'
             outstanding voting stock falls below 20%; or (c) date upon which
             the SAVVIS shares held by BIS are distributed to its creditors. BIS
             agrees to vote its shares of SAVVIS' stock and cause its Board
             representative to vote in favor of the Funding, substantially in
             the form of that certain confidential term sheet relating to the
             Funding, the terms of which are agreeable to BIS.

         7.  Limitation of Claims. BIS and SAVVIS agree that any obligation or
             liability arising from any and all transactions between the
             parties, and any direct or indirect subsidiaries of either, up to
             and including the date of this Agreement, shall be limited to the
             obligations and liabilities set forth in this Agreement.

         8.  BIS Bankruptcy Proceedings

               a. SAVVIS shall support Bankruptcy Court approval of the BIS
                  disclosure statement and confirmation of the BIS liquidation
                  plan.

               b. SAVVIS shall (a) not object to the rejection by BIS of any
                  executory contracts and unexpired leases between any BIS
                  debtor entity and SAVVIS and (b) waive, release and forever
                  discharge BIS from any and all damage claims including,
                  without limitation, any claim for indemnity or contribution
                  regarding any claims of third parties, resulting from the
                  rejection of any executory contract or unexpired lease between
                  any BIS debtor entity and SAVVIS.

         9.  Waiver of Claims. In consideration of the mutual promises and
             payments to be made pursuant to this Agreement, BIS and SAVVIS
             waive any and all claims against each other, and forever and
             finally release each other from any and all liability, for any and
             all damages, whether now known or unknown, whether now present or
             discovered in the future, whether direct or consequential, arising
             from any and all transactions between the parties up to and
             including the date of this Agreement; provided that: (a) SAVVIS
             shall not waive or release any claim against a non-debtor BIS
             affiliate underlying the Assigned Claims, which such claims will be
             assigned to BIS at the Closing; and (b) nothing herein shall
             release the parties from their obligations under this Agreement.

                                       5
<PAGE>

         10. Approvals. This Agreement is subject to approval by the Bankruptcy
             Court and the SAVVIS Board of Directors. SAVVIS and BIS will
             endeavor to obtain all such approvals expeditiously.

         11. General Provisions

               a. Waiver. Any waiver or consent by either party to any variation
                  from any provision of this Agreement shall be valid only in
                  the specific instance in which it is given, and no such waiver
                  or consent shall act as a waiver of any other provision of
                  this Agreement or with respect to any similar instance or
                  circumstance.

               b. Binding Effect. This Agreement shall be binding upon and shall
                  inure to the benefit of the parties hereto and their
                  respective successors and assigns.

               c. Amendment. This Agreement may not be amended, altered, or
                  modified except by an instrument in writing, duly executed by
                  both parties.

               d. Limitation on Benefits of this Agreement. It is the explicit
                  intention of the parties hereto that no person or entity other
                  than the parties hereto is or shall be entitled to bring any
                  action to enforce any provision of this Agreement against
                  either of the parties hereto, and that the covenants,
                  undertakings, and agreements set forth in this Agreement shall
                  be solely for the benefit of, and shall be enforceable only
                  by, the parties hereto and their respective successors and
                  assigns as permitted hereunder.

               e. Entire Agreement. This Agreement contain the entire agreement
                  between the parties with respect to the subject matter hereof
                  and supersedes all prior oral or written agreements,
                  commitments, or understandings with respect to the matters
                  provided for herein.

               f. Due Authorization. Each party represents that it has the full
                  power and authority to enter into this Agreement and to
                  perform all of its obligations hereunder and the execution,
                  delivery and performance of this Agreement has been duly
                  authorized by all requisite corporate actions, subject to
                  Section 10 on Approvals above, and constitutes a valid and
                  binding agreement, enforceable against each party in
                  accordance with its terms.

               g. Governing Law. This Agreement shall be governed by and
                  construed in accordance with the laws of the State of New York
                  (U.S.A.) (not including the choice-of-law rules thereof), and
                  the parties hereby irrevocably submit to the exclusive
                  jurisdiction and venue of the state and federal courts sitting
                  in the State of New York for the purpose of all legal
                  proceedings arising out of or relating to this Agreement.

                                       6
<PAGE>

               h. Construction. Each party hereto hereby acknowledges that all
                  parties hereto participated equally in the negotiation and
                  drafting of this Agreement and that, accordingly, no court
                  construing this Agreement shall construe it more stringently
                  against one party than against the other.

               i. Execution. To facilitate execution, this Agreement may be
                  executed in counterparts and by facsimile; and it shall not be
                  necessary that the signatures of each party appear on each
                  counterpart; but it shall be sufficient that the signature of
                  each party appear on one or more of the counterparts. All
                  counterparts shall collectively constitute a single agreement.

               j. Notice. All notices required or permitted hereunder shall be
                  in writing and shall be deemed given when either delivered to
                  the applicable party or on the third business day after having
                  been mailed to such party with adequate first class postage
                  affixed or sent, postage prepaid, by registered or certified
                  mail, return receipt requested. Notices mailed to SAVVIS shall
                  be mailed to it at 12851 Worldgate Drive, Herndon, VA 20170,
                  Attention--Legal. Notices mailed to BIS shall be mailed to it
                  at BIS Administration, Inc., c/o Reuters, 875 3rd Avenue, 27th
                  Floor, New York, NY 10022, Attention--Chief Restructuring
                  Officer, with a copy to--Cleary, Gottlieb, Steen & Hamilton,
                  One Liberty Plaza, 42nd Floor, New York, NY, 10006-1470,
                  Attention--Thomas J. Moloney. Either party may from time to
                  time designate a different address for notices to be sent to
                  such party by giving the other party due notice hereunder of
                  such different address.

                            {signature page follows}

                                       7
<PAGE>

IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be
duly executed on its behalf, as of the Effective Date.

                                    SAVVIS Communications Corporation

                                    By:     /s/ Lane H. Blumenfeld
                                            -------------------------------
                                    Name:       Lane H. Blumenfeld
                                            -------------------------------
                                    Title:      Acting General Counsel
                                            -------------------------------

                                    BIS Administration, Inc.

                                    By:     /s/ Sankar Krishnan
                                            -------------------------------
                                    Name:       Sankar Krishnan
                                            -------------------------------
                                    Title:      Chief Restructuring Officer
                                            -------------------------------

                                       8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00039-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00039-of-00352.parquet"}]]