Document:

exv10w6

 

EXHIBIT 10.6

INTEGRATED FINANCIAL SYSTEMS, INC.

Revolving Credit Agreement

	 	 	 	 	 	 	 	 	 	 	 	 	 
	Annual	 	 	 	Grace Period	 	Balance	 	 	 	Minimum	 	 
	Percentage	 	Variable-Rate	 	to Pay	 	Computation	 	Annual	 	Finance	 	 
	Rate (APR)
	 	Information
	 	Balance
	 	Method
	 	Fee
	 	Charge
	 	Miscellaneous Fees

	14.5%

	 	Your APR may vary
and is determined
monthly by adding
10.5% to the Prime
Rate.*
	 	25 days
on average
	 	Average daily

balance (including

new purchases)
	 	None
	 	None
	 	Late payment: $10.00
Returned Check: $25.00

*The Prime Rate used to determine your APR is the prime loan rate published in
the Money Rates Section of The Wall Street Journal on the last business day of
the prior calendar month preceding the first day of the applicable billing
period. The information about the cost of the Card described in this Agreement
is correct as of April 1, 2004. This information may have changed after that
date. To find out what may have changed, write to us at P.O. Box 173796,
Denver, Colorado 80217.

1. GENERAL. This Agreement (“Agreement”) governs the use of your                    
Hospital Card account (your “Account”). In this Agreement and in your billing
statement (“Statement”), “we” “us”, and “our” refer to Integrated Financial
Systems, Inc., our assignees, or other holders of this Agreement or your
Account. “You” and “your” refer to all persons who are approved by us to use
the Account. “Card” refers to your                     Hospital Credit Card. The
effective date of this Agreement will be the earlier of (a) the date you submit
an Account application that is approved by us, or (b) the first date that you
or someone authorized by you uses the Account. You may use your Card to make
purchases on credit from time to time under your Account, up to any credit
limit we may establish for your Account (your “Credit Limit”). We reserve the
right to decline to authorize any purchase or to change your Credit Limit at
any time. You agree to use your Account only for personal healthcare charges
at                     Hospital.

2. PROMISE TO PAY. When you submit your Application for this Account, you
agree to be bound by this Agreement. You promise to pay us for all credit that
we extend on your Account for purchases of goods or services and all other
amounts owed to us under the terms of this Agreement. If your Account is a
joint Account, (a) each of you is bound by this Agreement; (b) each of you may
use the Account, up to any Credit Limit; and (c) each of you jointly and
individually promises to pay us, and may be held liable for, all amounts owed
to us on your Account.

3. FINANCE CHARGES. When your Account has a balance subject to Finance Charge
(as described in paragraph 4 below), we will assess a Finance Charge calculated
by applying a daily periodic rate (“periodic rate”) to that balance. The
periodic rate applied in any billing period will be equal to 1/365 of the total
of (i) the highest bank prime loan rate as published in The Wall Street Journal
in its Money Rates section (“prime rate”) on the last business day of the
calendar month preceding the first day of such billing period and (ii) 10.5%.
However, the periodic rate will in no event be more than the maximum rate
permitted by applicable law. If the prime rate increases, the periodic rate
and corresponding Annual Percentage Rate may increase, and as a result the
Finance Charge, the Minimum Payment and the number of payments may also
increase. Any new periodic rate of FINANCE CHARGE will apply to your entire
Account balance. The periodic rate under the above formula as of April 1, 2004
was .0397% and the corresponding ANNUAL PERCENTAGE RATE was 14.5%.

4. BALANCE SUBJECT TO FINANCE CHARGE. There will be no balance subject to a
Finance Charge for a billing period if there is no Previous Balance on your
Account for the billing period or the sum of your payments and credits on your
Account during the billing period is at least equal to the Previous Balance.

Each day during the billing period, we will figure a “Daily Balance” on your
Account. The Daily Balance is determined by taking the beginning balance for
that day, which includes any unpaid Finance Charges, adding any new purchases
and other debits assessed that day, and subtracting any payments made and
credits issued on that day. This gives us the Daily Balance. Any Daily
Balance less than zero will be treated as zero. We then multiply the Daily
Balance by the periodic rate and add that daily Finance Charge to the balance
to determine that day’s closing balance, which will be the beginning balance
for the following day. At the end of the billing period, we add up the results
of the daily Finance Charge calculations to get the total Finance Charge for
the billing period. Late Payment Fees and Returned Check Fees are not included
in the Daily Balance. We may change your billing period as permitted by law at
any time.

5. WHEN FINANCE CHARGES BEGIN TO ACCRUE. If there is no Previous Balance for
the billing period or the sum of your payments and credits for the billing
period is at least equal to the Previous Balance, new purchases and other
charges in that billing period will begin to accrue a Finance Charge as of the
first day of the next billing period if a Finance Charge is imposed in the next
billing period. If there is a Previous Balance for the billing period and the
sum of your payments and credits for the billing period is not at least equal
to that Previous Balance, new purchases and other charges will begin to accrue
a Finance Charge from the later of the date of the transaction or the first day
of the billing period in which the transaction is posted to your Account.

6. PAYMENTS. When there is a New Balance shown on your Statement, you agree to
pay at least the Minimum Payment called for on that Statement in time for
receipt by us by the Payment Due Date shown on the Statement. Your Minimum
Payment will be the greater of: $25.00 or 2% of the New Balance, rounded to the
next highest dollar. In addition, your Minimum Payment will also include any
past due amounts, Late Payment Fees and Returned Check Fees.

You may at any time pay the entire balance in full or more than the Minimum
Payment. All payments, except Disputed Payments (as defined below), must be
mailed or delivered to us at the address shown on your Statement (the “Payment
Address”). Any payments received after 5:00 p.m. MT will be credited on the
next business day. Credit to your Account may be delayed up to five days if
payment is (a) not received at the Payment Address, (b) not made in U.S.
dollars drawn on a U.S. financial institution located in the U.S., or (c) not
accompanied by the top portion of your Statement. Delayed crediting may cause
you to incur a Late Payment Fee or additional Finance Charges. You understand,
however, that payments may not be made, and may not be deemed received by us,
at any location other than the Payment Address. All credits for payments to
your Account are subject to final payment by the institution on which the item
of payment was drawn. Accrued interest and late charges are due and payable by
the

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Payment Due date shown on the first monthly statement after they accrue. We
reserve the right to select the method by which payments and credits are
allocated to your Account in our sole discretion.

All written communications concerning disputed amounts, including any check or
other payment instrument that (i) indicates that the payment constitutes
“payment in full” or is tendered as full satisfaction of a disputed amount, or
(ii) is tendered with other conditions or limitations (“Disputed Payments”),
must be mailed or delivered to us at the address for billing inquiries shown on
the Statement, not the Payment Address. We can accept such checks or late or
partial payments without losing our right to receive the full amount owing on
your Account.

7. FEES: A. LATE PAYMENT FEE: We may impose a Late Payment Fee of $10.00 if we
do not receive your Minimum Payment within 10 days after the Payment Due Date
shown on your Statement. B. RETURNED CHECK FEE: We may impose a Returned Check
Fee of $25.00 if any check or other instrument sent to us, or any electronic
payment authorization you provide us, in payment on your Account is not honored
upon first presentment, even if the check, instrument or electronic
authorization is later honored. C. DOCUMENT FEE: We may charge the Account a
fee if a copy of a statement, sales draft or similar document is provided by us
at your request (except in connection with billing error inquiries or
resolution). The fee for any and each document requested is $10.00.

8. TERMINATION/CHANGE IN TERMS. You may at any time terminate this Agreement.
We may, at any time and subject to applicable law: (a) terminate this
Agreement; (b) terminate your right to make future purchases; (c) change your
Credit Limit; or (d) change or delete any term or condition of, or add new
terms to, this Agreement relating to your Account. Unless prohibited by
applicable law, we may apply any changed or new terms to any outstanding
balance of your Account on the effective date of the change and to any future
balances created after that date. When required by applicable law, we will
mail a notice of any change(s) or addition(s) to you. Upon any termination of
this Agreement you will continue to be obligated to pay all amounts owing
under, and to otherwise perform the terms and conditions of, this Agreement.

9. DEFAULT. Subject to the limitations of applicable law, we may declare that
you are in default under this Agreement if you (a) fail to make at least the
Minimum Payment when due; (b) violate any other term of this Agreement; or (c)
become the subject of a bankruptcy or insolvency proceeding. After your
default or your death, and subject to the limitations of applicable law, we
have the right to: (i) reduce your Credit Limit; (ii) terminate your Account,
in which case the terms of this Agreement will apply until full payment is
received of the amount owing on your Account, including Finance Charges which
we will continue to impose to the date of full payment; (iii) require immediate
payment of your entire Account balance, including all accrued but unpaid
Finance Charges, and all fees and other charges listed in this Agreement; (iv)
bring an action to collect all amounts owed; and (v) take any action allowed by
law. If, after your default, we refer your Account for collection to an
attorney who is not our salaried employee, we may, to the extent permitted by
applicable law, charge and collect from you our collection costs, including
court costs and reasonable attorneys’ fees.

10. LIABILITY FOR UNAUTHORIZED USE. The Card is issued to you by us at your
request and you agree to destroy it upon demand. You may be liable for the
unauthorized use of the Card. You agree to promptly notify us if your Card is
lost or stolen or of possible unauthorized use of your Card by writing to us at
the address above or by calling us at 1-866-620-0700. You will not be liable
for unauthorized use that occurs after you notify us of the loss, theft, or
possible unauthorized use and, in any case, your liability for unauthorized use
will not exceed $50. If you orally give us notice concerning loss or theft,
you agree to confirm it in writing. You agree that unauthorized use does not
include use by a person whom you have given authority to use the Account or
Card and that you will be liable for all use by such a person.

11. CREDIT REPORTS AND ACCOUNT INFORMATION. You give us permission to request
information and to make whatever inquiries we consider necessary and
appropriate (including obtaining information from third parties and requesting
consumer reports from consumer reporting agencies) for the purpose of
considering your application for this Account and subsequently, in connection
with any updates, renewals or extensions of credit or reviewing or collecting
your Account. You also authorize us to report information concerning you or
your Account, including information about your performance under this
Agreement, to consumer reporting agencies and others who may properly receive
such information. If you believe that we have reported inaccurate information
about you to a consumer reporting agency, please contact us at the address
above. In doing so, please identify the inaccurate information and tell us why
you believe it is incorrect. If you have a copy of the credit report that
includes the inaccurate information, please send a copy of that report to us as
well. You are hereby notified that a negative credit report reflecting on your
credit record may be submitted to a consumer reporting agency if you fail to
fulfill the terms of this Agreement.

12. USE OF INFORMATION ABOUT YOU AND YOUR ACCOUNT. You authorize and direct us
to furnish information about you and your Account to                     Hospital and
its affiliates for use in connection with the                     Hospital Credit Card
program, including to create and update their customer records for you, to
assist them in better serving you, and to provide you with notices of special
promotions, catalogs and tailored offerings. In addition, you agree to the use
of information about you and your Account described in the Privacy Policy. The
Privacy Policy is made a part of this Agreement and is enclosed or attached
hereto.

13. CHANGE OF ADDRESS. You agree to notify us promptly if you change your
address. Until we are notified that your address has changed, we will continue
to send Statements and other notices to the last address we maintained on your
Account. If your Account is a joint Account, each of you appoints the other(s)
as your agent to designate the address to which the Statement (and any other
notices) may be sent to you by us.

14. GOVERNING LAW. This Agreement and your Account are governed by and
construed in accordance with the laws of the State of                     (without
regard to internal principles of conflicts of law), and applicable Federal law.

15. ASSIGNMENT. We may sell, assign or transfer all or any portion of your
Account or any balances due under your Account. We will notify you of such
event. You may not sell, assign or transfer your Account or any of your
obligations under this Agreement.

16. ENTIRE AGREEMENT. This Agreement, together with any application you signed
or otherwise submitted in connection with the Account (which is hereby
incorporated by reference in this Agreement), constitutes the entire agreement
between you and us relating to your Account and supersedes any other prior or
contemporaneous agreement between you and us relating to your Account. This
Agreement may not be amended except in accordance with the provisions of this
Agreement.

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NOTICE TO APPLICANT: (A) DO NOT SIGN THE APPLICATION/AGREEMENT BEFORE YOU READ
IT OR IF THIS AGREEMENT CONTAINS ANY BLANK SPACES. (B) YOU ARE ENTITLED TO A
COMPLETELY FILLED IN COPY OF THIS AGREEMENT. KEEP A COPY OF THIS AGREEMENT TO
PROTECT YOUR LEGAL RIGHTS. (C) YOU MAY AT ANY TIME PAY OFF THE FULL UNPAID
BALANCE UNDER THIS AGREEMENT WITHOUT INCURRING ANY ADDITIONAL CHARGE.

Your signature on the application, or electronic signature device
acknowledgement, or Hospital Bill for the initial purchase approved on this
Account represents your signature on and agreement to the terms of this
Agreement and constitutes your request for a Card.

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Notice: The following is important information regarding your right to dispute
billing errors.

YOUR BILLING RIGHTS

KEEP THIS NOTICE FOR FUTURE USE

     This notice contains important information about your rights and our
responsibilities under the Fair Credit Billing Act.

Notify Us in Case of Errors or Questions About Your Bill

     If you think your bill is wrong, or if you need more information about a
transaction on your bill, write us on a separate sheet at the address shown on
your Statement under billing inquiries. Write to us as soon as possible. We
must hear from you no later than 60 days after we sent you the first bill on
which the error or problem appeared. You can telephone us, but doing so will
not preserve your rights.

     In your letter, give us the following information:

     • Your name and Account number.

     • The dollar amount of the suspected error.

     • Describe the error and explain, if you can, why you believe there is an
error. If you need more information, describe the item you are not sure about.

     If you have authorized us to pay your credit card bill automatically from
your savings or checking account, you can stop the payment on any amount you
think is wrong. To stop the payment your letter must reach us three business
days before the automatic payment is scheduled to occur.

Your Rights and Our Responsibilities After We Receive Your Written Notice

     We must acknowledge your letter within 30 days, unless we have corrected
the error by then. Within 90 days, we must either correct the error or explain
why we believe the bill was correct.

     After we receive your letter, we cannot try to collect any amount you
question, or report you as delinquent. We can continue to bill you for the
amount you question, including finance charges, and we can apply any unpaid
amount against your Credit Limit. You do not have to pay any questioned amount
while we are investigating, but you are still obligated to pay the parts of
your bill that are not in question.

     If we find that we made a mistake on your bill, you will not have to pay
any finance charges related to any questioned amount. If we didn’t make a
mistake, you may have to pay finance charges, and you will have to make up any
missed payments on the questioned amount. In either case, we will send you a
statement of the amount you owe and the date that it is due.

     If you fail to pay the amount that we think you owe, we may report you as
delinquent. However, if our explanation does not satisfy you and you write to
us within ten days telling us that you still refuse to pay, we must tell anyone
we report you to that you have a question about your bill. And, we must tell
you the name of anyone we reported you to. We must tell anyone we report you
to that the matter has been settled between us when it finally is.

     If we don’t follow these rules, we can’t collect the first $50 of the
questioned amount, even if your bill was correct.

Special Rule for Credit Card Purchases

     If you have a problem with the quality of property or services that you
purchased with a credit card, and you have tried in good faith to correct the
problem with the merchant, you may have the right not to pay the remaining
amount due on the property or services. There are two limitations on this
right:

	(a)	 	You must have made the purchase in your home state or, if not
within your home state, within 100 miles of your current mailing
address; and
	 
	(b)	 	The purchase price must have been more than $50.

     These limitations do not apply if we own or operate the merchant, or if we
mailed you the advertisement for the property or services.

IMPORTANT INFORMATION-PLEASE READ

                   Hospital

Credit Card Program Privacy Policy

     As a valued customer, we are committed to providing you with exceptional
service and product offers. To do this, we rely on, and sometimes share with
other parties, information about you. We want you to understand what
information we collect, how we share it, and the steps we take to protect
customer information.

     This Privacy Policy applies only to                     Hospital Credit Card
Accounts of Integrated Financial Services, Inc. (“IFS,” “We” or “Us”).

     Information We Collect - We collect nonpublic personal information about
you, other applicants, and authorized users for many reasons, including to help
identify you, evaluate your application, service and manage your Account, and
broaden our relationship with you (such as by offering you products or services
that you may find valuable). We collect this information from a number of
sources, including the following:

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     • Information provided by you on Account applications and other forms,
including identifying information such as address, telephone number, e-mail
address, social security number, date of birth, and credit information such as
income and employment.

     • Information obtained through your transactions and relationship with us,
our affiliates,                     Hospital and others, such as items purchased,
payments, payment method, and information provided on customer service and
collections calls, but not health service information.

     • Information provided by credit bureaus and similar companies, such as your account and payment history with other lenders.

     • Information provided by other third parties, such as demographic firms, in connection with marketing programs.

     Information We Share with Others - We may use and share all of the
information described above, whether you are a current customer or former
customer, subject to applicable law.

     Others with Whom We Share Information – We may share all of the
information described above with the following types of third parties:

     •                     Hospital and its affiliates: To assist you in using your
Account, we provide application information about you, your Account number and
other information to                     Hospital and its affiliates for use in
connection with the                     Hospital Credit Card program and as otherwise
permitted by law. This information might be used, for example, to enable their
associates to answer questions about your Account, or to look up your Account
number for you. Access to this information also enables                     Hospital to
update its customer records and to perform other                     Hospital Credit
Card program functions. They may use their affiliates, licensees, or
third-party service providers (such as modeling and database companies) to
assist them in any of these activities.

     • Service Providers: We provide information to other companies (including
our affiliates) to assist us in servicing Accounts, like preparing billing
statements and promotional materials, and responding to customer inquiries. We
also may use marketing firms to assist us in our own marketing efforts.

     • Joint Marketing: We may provide information about you and your Account
to another financial institution to jointly offer financial services and/or
products, related to your Account.

     • Others: We report Account information, such as Credit Limit, balances
and payment information, to credit bureaus. In addition, we may buy and sell
assets, lines of business and/or Accounts. When this occurs, customer
information generally is disclosed to bidders and is one of the transferred
business assets. We also disclose information about you to third parties in
certain other circumstances, as permitted by law.

How to Opt-Out

     If you do not want to share nonpublic personal information about you with
nonaffiliated third parties (unless we are permitted or required by law to do
so), please let us know by calling us at 1-866-620-0700. If you have more than
one account with us, you may opt-out for some or all of your accounts. If your
account with us is or was a joint account, you and each joint accountholder may
opt-out individually or one may opt-out for all.

     Our Security Procedures - The security of customer information is very
important to us and we take a number of steps to safeguard it. We maintain
physical, electronic, and procedural safeguards that comply with federal
standards to guard nonpublic personal information about you. We limit access
to personal and Account information to those employees and agents who assist us
in providing products and services to you. Employees who fail to follow our
established standards are subject to disciplinary action. We also require
third parties to whom we disclose nonpublic personal information to adhere to
this Privacy Policy and to establish information security procedures.

     Your Access to Information - We provide you access to information about
your Account in several ways. For example, we send you monthly billing
statements outlining your transactions, finance charges, and other Account
information. You may also call the customer service telephone number if you
have additional questions about your Account. For instructions on how to
dispute billing information or information we have reported to a credit bureau,
please see your Revolving Credit Card Agreement or the reverse of your billing
statement.

     How This Policy Applies to You - The examples contained in this Privacy
Policy are illustrations only, and are not intended to be all-inclusive. If
you decide to close your Account or become an inactive customer, or if we close
or suspend your Account, we will continue to adhere to the privacy policies and
practices described in this notice to the extent we retain information about
you. We may amend this Privacy Policy at any time, and we will inform you of
changes as required by law. You may have other privacy protections under state
laws and we will comply with applicable state laws when we disclose information
about you. This Privacy Policy applies only to                     Hospital Credit Card
Accounts of IFS and does not apply to any other accounts you may have with us,
and replaces our previous disclosures to you about our information practices.

5exv10w7

 

EXHIBIT 10.7

July 27, 2004

Mr. Joseph D. Sardelli, Jr.

Executive Vice President

AllianceOne Healthcare Services Division

717 Constitution Drive, Suite 202

Exton, PA. 19341

Dear Joe:

Pursuant to our recent discussions, this letter will constitute a joint
marketing agreement between AllianceOne, Inc. (“Alliance”) and Integrated
Financial Systems, Inc. (“IFS”), the “Parties.”

Introduction and Background: Alliance and IFS both provide patient account
services to hospitals and other healthcare providers. The services provided by
each company complement those offered by the other, but do not compete and
neither company anticipates that their services will compete in the future.
Both companies believe it will be beneficial to be introduced to prospective
clients by the other company where the introducing company has a current or
potential relationship.

Compensation: As compensation for introductions to potential customers and
assisting as appropriate in completing a contractual business relationship with
a new hospital or system, the Company that is introduced will the introducing
Company   ***   of the Net Service Fee revenue actually received by the introducing
Company during the life of the Operating Agreement, or five years from the
effective date of the Contractual Agreement, which first occurs. Compensation
payments will occur no later than 30 days following the end of the month in
which the revenue was received.

Termination: Either party may terminate this Agreement with thirty days
written notice to the other party for any reason, provided, however, the
introducing Company will continue to receive Compensation as provided above.

	 	 	 	 	 
	Very truly yours,	 	AllianceOne, Inc.
	 
	 	 	 	 
	/s/ JOHN C. HERBERS

	 	By:	 	/s/ JOSEPH D. SARDELLI, JR.
	

	 	 	 	

	John C. Herbers

	 	Title:	 	Executive Vice President
	Chief Executive Officer

	 	 	 	

	

	 	Date:	 	July 27, 2004
	

	 	 	 	

	***	 	Text has been omitted and filed separately with the Securities
and Exchange Commission. Confidential treatment has been requested under
Rule 406 of the Securities Act of 1933.

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