Document:

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                                                                    EXHIBIT 10.4

                               eFunds Corporation

                    Executive Transition Assistance Agreement

TRANSITION ASSISTANCE AGREEMENT by and between eFunds Corporation, a Delaware
corporation (collectively with any successor entity, the "Company"), and Michael
A. Spilsbury ("Executive") dated as of the 3rd day of June, 2002.

      WHEREAS, Executive is employed as a senior executive officer of the
Company;

      WHEREAS, the Compensation Committee ("Committee") of the Board of
Directors of the Company has determined that it is in the best interests of the
Company and its stockholders to ensure that the Company will have Executive's
full support of and participation in implementing the Company's business
strategies;

      WHEREAS, the Committee believes it is important to diminish the inevitable
distractions Executive may experience by virtue of the personal risks and
uncertainties associated with the implementation and execution of such
strategies;

      WHEREAS, the Committee has therefore determined to provide Executive with
assurances regarding the transition assistance benefits to be received by
Executive in the event of a loss of Executive's employment so that Executive can
provide his or her full attention and dedication to the business and affairs of
Company and the execution of its business strategies notwithstanding any
attendant personal uncertainties to Executive;

      WHEREAS, the Committee further believes it is important to secure
Executive's commitment not to compete with the Company nor solicit its employees
following any termination of Executive's employment (the date of any such
termination being hereinafter referred to as the "Separation Date");

      WHEREAS, it shall further be a condition to Executive's entitlement to any
payments hereunder that Executive release any claims against the Company and its
affiliates as of the Separation Date; and

      WHEREAS, it is the intention of the parties that this Agreement is not an
employment agreement and that Executive's employment with the Company shall
continue to remain "at-will" and terminable by the Company at any time for any
reason or no reason.

      NOW, THEREFORE, the parties hereto hereby agree as follows:

I.    Transition Support Payments.

      (a) Subject to the terms and conditions set forth in this Agreement, in
the event Executive's employment with the Company is terminated by the Company
without "Cause" (any such termination being hereinafter referred to as a
"Qualifying Termination"), Executive shall be entitled to the following
transition support payments:

            (i)   During the twelve month period (the "Initial Payment Period")
                  following any Qualifying Termination, Executive shall be
                  compensated at a rate equal to Executive's base salary (the
                  "Base Amount") on the Separation Date. Such compensation shall
                  be paid in accordance with the Company's regular payroll
                  practices, except that payments shall not be owing hereunder
                  until such time as Executive shall have executed the Release
                  attached as Exhibit A and the seven day rescission period (the
                  "Rescission Period") referenced in Section 1(c) thereof shall
                  have expired without Executive having sent a notice of
                  revocation or rescission to the Company, at which point any
                  accrued amounts which are then payable hereunder shall be paid
                  to Executive; and
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            (ii)  During the twelve month period (the "Extension Period" and,
                  collectively with the Initial Payment Period, the "Payment
                  Period") following the expiration of the Initial Payment
                  Period, Executive shall be entitled to a monthly payment equal
                  to the amount, if any, by which the Base Amount exceeds the
                  monthly compensation received by Executive from a subsequent
                  employer (if any).

      (b) In order to be eligible to receive the differential payments payable
during the Extension Period, Executive must provide the Company with
documentation evidencing Executive's then-current monthly compensation, such as
a payroll statement from Executive's employer or, if applicable, a written
statement to the effect that Executive is not employed. Differential payments
will be made in arrears within 30 days of the Company's receipt of the
foregoing. Executive agrees to use diligent efforts to obtain new employment
consistent with his obligations under this Agreement during the Payment Period.
Executive further agrees not to disclose the existence of the differential
payments to any subsequent employer and to refrain from manipulating the
elements of Executive's compensation by any subsequent employer in a manner
designed to maximize the differential payments payable by the Company.

      (c) Transition support payments shall not be payable under this Agreement
in the event Executive's employment with the Company is terminated due to the
death or disability of Executive.

      (d) As used herein, "Cause" shall mean a termination by the Company of
Executive's employment with the Company by reason of:

            (i)   Executive's engagement in illegal conduct or willful
                  misconduct that is demonstrably injurious to the business of
                  the Company or any entity controlling, controlled by or under
                  common control with the Company (collective, the "Controlled
                  Group");

            (ii)  a continued failure by Executive to substantially perform
                  Executive's material duties after a written demand for
                  substantial performance is delivered to Executive by the
                  officer of the Company to which Executive reports;

            (iii) Executive commits an act, or omits to take action, in bad
                  faith which action or inaction results in a material detriment
                  to one or more members of the Controlled Group;

            (iv)  Executive commits an act of fraud, misappropriation,
                  embezzlement or other acts of dishonesty in connection with
                  any member of the Controlled Group or their customers or
                  vendors;

            (v)   Executive is convicted or pleads guilty or nolo contendre to
                  criminal misconduct constituting a felony or gross misdemeanor
                  involving a breach of ethics, moral turpitude or other immoral
                  conduct reflecting adversely upon the reputation or interests
                  of any member of the Controlled Group or their customers or
                  vendors or Executive becomes subject to criminal sanctions
                  that will prevent Executive from performing his or her duties
                  in the ordinary course for a period of time that is likely to
                  exceed 30 days;

            (vi)  Executive's use of narcotics, liquor or illicit drugs has had
                  a continuing and demonstrable negative effect on Executive's
                  ability to perform his or her duties or responsibilities to
                  the members of the Controlled Group; or

            (vii) Executive is in default under any agreement between Executive
                  and the members of the Controlled Group or Executive refuses
                  to execute and deliver any lawful agreement that the Company
                  generally requires Executive's peer executives to sign.

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II.   Conditions.

      (a) The Company's obligations under Section 1 are subject to the following
conditions:

            (i)   Following the Separation Date, Executive must exhibit
                  professionalism in support of the Company's goals when dealing
                  with the Company's employees, the customers and potential
                  customers of the Controlled Group and Executive's
                  acquaintances;

            (ii)  Executive must supply the members of the Controlled Group with
                  reasonable transition support for 30 days following the
                  Separation Date with respect to the customers, potential
                  customers and employees of the Controlled Group to the extent
                  requested by management of the Company;

            (iii) Executive must not disparage the members of the Controlled
                  Group or their management during the Payment Period;

            (iv)  Executive must comply with this Agreement; and

            (v)   Executive must have executed the Release form attached as
                  Exhibit A and must not have rescinded the same during the
                  Rescission Period.

      (b) In no event shall any amounts be payable under this Agreement if the
"Effective Date" should occur under that certain Change in Control Agreement,
dated June 3, 2002 (the "Change in Control Agreement"), by and between Executive
and the Company, or if Executive shall become entitled to payments pursuant to
Section IV (H) of that Agreement prior to any Effective Date, in either of which
events Executive's entitlement to separation benefits shall be determined solely
by reference to the Change in Control Agreement and this Agreement shall be
wholly null and void. This Agreement is expressly made subject to Section XI (F)
of the Change in Control Agreement.

III.  Fringe Benefits.

Any and all benefits or other forms of compensation to Executive (such as the
disposition of any options held by Executive, the balance of Executive's account
under the Employee Stock Purchase or Deferred Compensation PlanS, 401(k) account
and accrued vacation pay) shall be governed by the rules applicable to such
plans and programs, as the same are in effect on the Separation Date; provided,
however, that the payments set forth in this Agreement are Executive's sole
entitlement to severance pay and Executive shall not also be entitled to receive
payment under the Company's standard severance programs.

IV.   No Solicitation.

Executive agrees that, during the Payment Period, Executive will not participate
in any way in the solicitation or hiring of any person then-employed by the
Controlled Group or who was so employed within 90 days of any such solicitation
or hiring by Executive or by a third party.

V.    Non-Competition.

      (a) As an essential inducement to the Company to enter into this
Agreement, and as consideration for the promises of the Company contained
herein, Executive agrees that during the Payment Period, he or she will not:

            (i)   Control or own (directly or indirectly) more than two percent
                  of the outstanding capital stock of or other equity interest
                  in any "Competitor;" or

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            (ii)  Serve as an officer, member, director, contractor, agent,
                  consultant, advisor or employee of or to any Competitor
                  wherever located (the activities referenced in this clause
                  (ii) and the foregoing clause (i) being hereinafter referred
                  to as "Restricted Activities");

            (iii) As used herein, "Competitor" shall mean any entity (or, with
                  regard to an entity which engages in multiple lines of
                  business, any division or subsidiary of such entity) primarily
                  engaged in the business of (i) processing debit, ATM or EBT
                  transactions or providing software that allows others to
                  process such transactions, (ii) providing data-based risk
                  management, decision support or customer relationship
                  management products and services (including any check
                  guarantee product), (iii) managing or deploying networks of
                  ATMs or (iv) providing business process outsourcing services
                  (such as call centers or accounts receivable or payable
                  processing). An entity, or a subsidiary or division thereof,
                  shall not be considered to be a Competitor merely by engaging
                  in the business of providing any of the foregoing products or
                  services if the revenues from one or more of such activities
                  do not constitute a major portion of the total revenues of
                  such entity, division or subsidiary. By way of example, if an
                  entity maintains a subsidiary which derives a majority of its
                  revenues from transaction processing, Executive could not
                  engage in any Restricted Activity with respect to that
                  subsidiary. The intention of the parties being also that
                  Executive will not engage in such Activities with regard to or
                  on behalf of another subsidiary or division of that entity
                  where this relationship is maintained as a pretext designed to
                  enable Executive to avoid compliance with the spirit of the
                  foregoing. Without limiting the generality of the foregoing,
                  "Competitors" shall by definition include Equifax, Experian,
                  TransUnion, First Data Corporation, Concord EFS, M&I, EDS and
                  Total System Services. Nothing contained herein shall,
                  however, preclude Executive from engaging in any Restricted
                  Activity with respect to or for a financial institution, such
                  as a bank, thrift or brokerage house after the termination of
                  his employment.

      (b) Executive agrees that a breach by him or her of any of the terms of
this Agreement will cause great and irreparable injury and damage to the
Controlled Group and that the members of the Controlled Group shall have a right
to equitable relief, including, but not limited to, a temporary restraining
order, preliminary injunction, permanent injunction and/or order of specific
performance, as a remedy to enforce this Agreement or prevent a threatened or
potential breach of this Agreement by Executive. In addition, the Company will
be immediately relieved of any further obligations under Section 1 if Executive
should breach this Section 5.

VI.   Miscellaneous.

      (a) Executive may not assign or delegate any of Executive's rights or
obligations in respect of this agreement and any attempted assignment or
delegation shall be void and of no effect. This Agreement is binding upon and
enforceable by the Company and the other members of the Controlled Group and
their respective successors and assigns. This Agreement (but not the Release),
including the Company's payment obligations hereunder, will terminate upon the
death of Executive. This Agreement is governed by the substantive laws of the
State of Delaware, without regard to its conflicts of law rules.

      (b) This Agreement is intended to supercede and replace any other prior
severance agreements or arrangements between the parties, which agreements and
arrangements will, as of the execution of this Agreement by Executive and the
Company, be null and void and of no further force and effect. This Agreement
shall not, however, supercede or replace any Confidentiality Agreement between
Executive and any member of the Controlled Group or the Change in Control
Agreement, and each of such agreements shall remain in full force and effect.

      (c) The failure of a party to insist upon strict compliance with any of
the terms, conditions or

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covenants expressed in this Agreement shall not be deemed a waiver of such term,
condition or covenant, or any other term, condition or covenant, nor shall any
waiver or relinquishment of any right or power under this Agreement on one or
more times be deemed a waiver or relinquishment of such right or power or any
other right or power at any other time or times.

      (d) Whenever possible, each provision of this Agreement will be
interpreted in such manner as to be effective and valid under applicable law,
but if any provision of this Agreement is held to be prohibited by or invalid
under applicable law, such provision will be ineffective only to the extent of
such prohibition or invalidity, without invalidating the remainder of such
provision or the remaining provisions of this Agreement.

      (e) This Agreement may be executed in one or more counterparts, any one of
which need not contain the signatures of more than one party, but all such
counterparts taken together will constitute one and the same instrument.

      (f) Executive has been informed that the terms of this Agreement will be
open for acceptance and execution by Executive until June 17, 2002 during which
time Executive may consider whether or not to accept this Agreement and consult
with an attorney of Executive's choosing to advise Executive regarding the same.
If Executive does not execute and deliver this Agreement by such date, the offer
contained herein shall be wholly null and void.

(g) In the event of any litigation over the terms and conditions of this
Agreement, the prevailing party in such proceeding shall, in addition to any
other damages it may recover, be entitled to recover its reasonable costs and
attorney's fees incurred in connection with the prosecution of such action.

IN WITNESS WHEREOF, Executive and the Company have hereunto set their hands as
of the dates set forth below.

                                        EXECUTIVE

                                        /s/ Michael A. Spilsbury
                                        ----------------------------------------
                                        Michael A. Spilsbury

                                        eFUNDS CORPORATION

                                        /s/ Colleen M. Adstedt
                                        ----------------------------------------
                                        Colleen M. Adstedt
                                        Senior Vice President
                                        Human Resources and Administration

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                                                                       EXHIBIT A

                                     RELEASE

      WHEREAS, Michael A. Spilsbury ("Executive") is an employee of eFunds
Corporation, a Delaware corporation (the "Company");

      WHEREAS, Executive's employment with the Company has been terminated
effective as of _______, ______ (the "Separation Date");

      WHEREAS, Executive and the Company have previously entered into that
certain Executive Transition Assistance Agreement, dated as of June 3, 2002 (the
"Transition Agreement"), pursuant to which the Company has agreed to make
certain payments to Executive following the termination of his or her
employment; and

      WHEREAS, it is a condition to the Company's obligation to make the
payments provided for in the Transition Agreement that Executive execute,
deliver and not rescind this Release.

      NOW, THEREFORE, IN CONSIDERATION OF THE FOREGOING, Executive and the
Company hereby agree as follows:

      1. Release.

            (a) As consideration for the promises of the Company contained in
the Transition Agreement, Executive, for himself and his successors and assigns,
hereby fully and completely releases and waives any and all claims, complaints,
rights, causes of action or demands of whatever kind, whether known or unknown
or suspected to exist by Executive (collectively, "Claims") which he has or may
have against the Company and any company controlling, controlled by or under
common control with the Company (collectively with the Company, the "Controlled
Group") and their respective predecessors, successors and assigns and all
officers, directors, shareholders, employees and agents of those persons and
companies ("the Released Parties") arising out of or related to any actions,
conduct, promises, statements, decisions or events occurring prior to or on the
Separation Date (the "Released Matters"), including, without limitation, any
Claims based on or arising out of Executive's employment with the Controlled
Group and the cessation of that employment; provided, however, that such release
shall not operate to relieve the members of the Controlled Group of any
obligation to indemnify Executive against any Claims brought against Executive
by any third party by reason of Executive's status as an officer or employee of
the Controlled Group. As an essential inducement to Executive to enter into this
Agreement, and as consideration for the promises of Executive contained herein,
the Company, for itself and its successors, assigns and affiliates hereby fully
and completely releases and waives any and all Claims which it or they have or
may have against Executive arising out of or related to the Released Matters;
provided, however, that such release shall not operate to relieve Executive from
any obligation to reimburse the members of the Controlled Group for any
disbursements (such as travel and entertainment expenses) improperly charged by
Executive to such Group. Executive and the Company each further agree that they
will not, and will cause their affiliates not to, institute any legal
proceedings against the persons released by them in respect of any Claim nor
will they authorize any other party, whether governmental or otherwise, to seek
individual remedies on their behalf with respect to any Claim. Executive and the
Company agree that, by signing this Release, neither party is waiving any Claim
arising after the Separation Date or under the Transition Agreement.

            (b) Executive's release of Claims is intended to extend to and
include Claims of any kind arising Title VII of the Civil Rights Act of 1964, as
amended, 42 U.S.C. Sections 2000e et seq., the Age Discrimination in Employment
Act, 29 U.S.C. Sections 621 et seq., the Americans with Disabilities Act, 42
U.S.C. Sections 12101 et seq., the Delaware Discrimination in Employment Act,
Del. CodE Ann. Tit. 19, Sections 710-718, the Delaware Handicapped Persons
Employment Protections Act, Del. Code Ann. Tit. 19, Sections 720-728 and any
other federal, state or local statute, Executive Order or ordinance prohibiting
employment
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discrimination or otherwise relating to employment, as well as any claim for
breach of contract, wrongful discharge, breach of any express or implied
promise, misrepresentation, fraud, retaliation, violation of public policy,
infliction of emotional distress, defamation, promissory estoppel, equitable
estoppel, invasion of privacy or any other theory, whether legal or equitable.

            (c) Executive has been informed of Executive's right to revoke this
Release insofar as it extends to potential claims under the Age Discrimination
in Employment Act by informing the Company of Executive's intent to revoke this
Agreement within seven (7) calendar days following the execution of this Release
by Executive. Executive has further been informed and understands that any such
rescission must be in writing and hand-delivered to the Company or, if sent by
mail, postmarked within the applicable time period, sent by certified mail,
return receipt requested, and addressed as follows:

                          eFunds Corporation
                          Gainey Ranch Center II
                          8501 N. Scottsdale Road
                          Suite 300
                          Scottsdale, AZ  85253
                          Attention: General Counsel

The Company and Executive agree that if Executive exercises Executive's right of
rescission, under this Section (c), the Company's obligations under Section 1 of
the Transition Agreement shall be null and void.

      2. Miscellaneous.

            (a) Executive may not assign or delegate any of Executive's rights
or obligations in respect of this agreement and any attempted assignment or
delegation shall be void and of no effect. This agreement is binding upon and
enforceable by the Company and the other members of the Controlled Group and
their respective successors and assigns and inures to the benefit of Executive
and Executive's, heirs and executors. This agreement is governed by the
substantive laws of the State of Delaware, without regard to its conflicts of
law rules.

            (b) The failure of a party to insist upon strict compliance with any
of the terms, conditions or covenants expressed in this Agreement shall not be
deemed a waiver of such term, condition or covenant, or any other term,
condition or covenant, nor shall any waiver or relinquishment of any right or
power under this Agreement on one or more times be deemed a waiver or
relinquishment of such right or power or any other right or power at any other
time or times.

            (c) Whenever possible, each provision of this Agreement will be
interpreted in such manner as to be effective and valid under applicable law,
but if any provision of this Agreement is held to be prohibited by or invalid
under applicable law, such provision will be ineffective only to the extent of
such prohibition or invalidity, without invalidating the remainder of such
provision or the remaining provisions of this Agreement.

            (d) This Agreement may be executed in one or more counterparts, any
one of which need not contain the signatures of more than one party, but all
such counterparts taken together will constitute one and the same instrument.

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                                                                    EXHIBIT 10.5

                THOMAS S. LISTON INDEPENDENT CONTRACTOR AGREEMENT

      This Independent Contractor Agreement (the "Agreement") is made and
entered into effective June 20, 2002, by and between Thomas S. Liston, an
independent contractor ("Contractor"), and eFunds Corporation, a Delaware
corporation (the "Company"). In consideration of the covenants and conditions
hereinafter set forth, the Company and Contractor hereby agree as follows:

1.    Services

      Contractor shall serve as the Company's Chief Financial Officer and shall
provide consulting services to the Company consistent with the duties typically
performed by persons holding such office, as the same are defined from time to
time by the Chief Executive Officer of the Company (the "CEO").

2.    Hours of Service

      Contractor shall provide services to the Company on a full-time basis.

3.    Term

      (a) The initial term of this Agreement shall commence on July 1, 2002 and
shall expire on October 1, 2002. Following the expiration of the initial term,
this Agreement shall automatically be extended for successive one month renewal
terms unless one party hereto shall give notice of nonrenewal to the other at
least 10 days prior to the expiration of the then-current term.

      (b) Contractor may terminate this Agreement immediately upon notice to the
Company if the Company fails to pay Contractor the consulting fees provided for
hereunder. The Company may terminate this Agreement at any time for its
convenience. If this Agreement is terminated by reason of either of the
foregoing contingencies, the Company shall pay Contractor the fees Contractor
would have earned during the remaining balance of the term during which such
termination occurs.

      (c) The Company may terminate this Agreement at any time for cause if it
determines in good faith that Contractor has engaged or intends to engage in
illegal conduct or willful misconduct that is or will be injurious to the
business of the Company or if Contractor fails to substantially perform his
material duties after a written demand for substantial performance is delivered
to Contractor by the CEO. In the event of any such termination for cause, the
Company shall only be required to pay Contractor for services rendered prior to
the date of termination.

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4.    Place of Work

      Contractor shall render services primarily at the Company's offices in
      Scottsdale, Arizona and at such other places as may reasonably be required
      in connection with the performance of his services hereunder. The Company
      will make an office and administrative support available to Contractor at
      its Scottsdale facility.

5.    Payment for Services

      The Company shall pay Contractor $2,000 for each day during which
      Contactor performs services pursuant to this Agreement, such amount to be
      paid within 30 days of the end of each month during the term. The Company
      shall also reimburse Contractor for any reasonable out-of-pocket expenses
      incurred by Contractor in performing services hereunder at a location
      other than the Company's Scottsdale facility, including travel and
      entertainment expenses incurred in accordance with the Company's standard
      travel policies. Out of pocket expenses of $25 or more will be supported
      by receipts. The Company's obligation to reimburse Contractor for any
      proper out of pocket expenses incurred prior to any termination of this
      Agreement shall survive such termination.

6.    Confidentiality and Ownership

      (a) Contractor recognizes and acknowledges that the Company possesses
certain confidential information that constitutes a valuable, special and unique
asset. As used herein, the term "confidential information" includes all
information and materials belonging to, used by, or in the possession of the
Company relating to its products, processes, services, technology, inventions,
patents, ideas, contracts, financial information, developments, business
strategies, pricing, current and prospective customers, marketing plans and
trade secrets of every kind and character, but shall not include (a) information
that was already within the public domain at the time the information is
acquired by Contractor or (b) information that subsequently becomes public
through no wrongful act or omission of Contractor. Contractor agrees that all of
the confidential information is and shall continue to be the exclusive property
of the Company, whether or not disclosed to Contractor. Contractor agrees to
take all reasonable precautions to safeguard the confidentiality of such
information.

      (b) All information, inventions and data, regardless of form, generated by
Contractor in the performance of services under this Agreement is created as a
work for hire and will be the sole property of the Company. In the event that
the copyright or other intellectual property right in any data, inventions or
information generated by Contractor in the performance of services under this
Agreement does not automatically vest in the Company by law, Contractor hereby
agrees to, and hereby does, assign to the Company all right, title and interest,
worldwide, in and to such copyright or other intellectual property. Contractor
further agrees that he will, at the expense of the Company for any out of pocket
expenses incurred by Contractor in so doing, provide any reasonable assistance
required by the Company in order to enable it to perfect such rights. Contractor
agrees not to challenge the Company's ownership of any such rights and not to
take any position that is adverse to the Company's interests therein.

      (c) In connection with any patentable inventions conceived or first
actually reduced to practice in connection with this Agreement, Contractor will,
at the expense of the Company for Contractor's out of pocket expenses in
rendering such assistance, furnish the Company with

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such information and assistance as is reasonably sufficient to enable the
Company to file and prosecute patent applications thereon and will execute all
documents incident to such filing and prosecution or necessary to vest the full
right and title therein in the Company.

                                                                               3
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7.    Return of Material

      Contractor agrees that upon termination of this Agreement, Contractor will
return to the Company all drawings, blueprints, notes, memoranda,
specifications, designs, writings, software, devices, documents and any other
material containing or disclosing any confidential or proprietary information of
the Company. Contractor will not retain any such materials. The Company agrees
that upon any termination of this Agreement, the Company will return to
Contractor any materials and information in its possession which belong to
Contractor and that it will not retain any copies of such materials.

8.    Warranties

      Contractor warrants that:

      (a) Contractor's agreement to perform services pursuant to this Agreement
does not violate any agreement or obligation between Contractor and a third
party;

      (b) Any work product delivered to the Company by Contractor will not
infringe any copyright, patent, trade secret or other proprietary right held by
any third party; and

      (c) The services provided by Contractor hereunder shall be performed in a
professional and workmanlike manner.

9.    Relationship of Parties

      Contractor is an independent contractor of the Company. Nothing in this
Agreement shall be construed as creating an employer-employee relationship or as
a guarantee or promise, express or implied, of future employment. Contractor
agrees to be responsible for any and all taxes owing to any governmental
authority in respect of amounts paid to Contractor hereunder. Contractor shall
not be eligible to participate in any benefit plans offered by the Company to
its employees, including without limitation its health, welfare, incentive, PTO
and retirement plans.

      The Company agrees to indemnify Contractor from and against any claims by
third parties resulting from the performance of services hereunder as and to the
same extent indemnification is available to its other officers. The Company
shall take such steps as are necessary to cause Contractor to be covered under
the Company's Directors and Officer's insurance policies for his service as the
Company's Chief Financial Officer. The provisions of this paragraph shall
survive any termination of this Agreement.

10.   No Solicitation

      Contractor agrees not to induce or attempt to influence, directly or
indirectly, any employee of the Company to terminate his/her employment with the
Company following any termination of this Agreement.

11.   Miscellaneous

      (a) Attorneys' Fees. Should either party hereto resort to legal
proceedings in connection with this Agreement, the party prevailing in such
legal proceedings shall be entitled, in addition to such other relief as may be
granted, to recover from the non-prevailing party the

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reasonable attorneys' fees and costs incurred by it in pursuing or defending
such legal proceedings.

      (b) Governing Law; No Assignment. This Agreement shall be governed by and
construed in accordance with the laws of the State of Delaware without regard to
its conflict of law principles. The services to be performed by Contractor
hereunder are personal in nature and he may not assign this Agreement to any
third party or delegate his duties hereunder.

      (c) Entire Agreement. This Agreement contains the entire agreement and
understanding between the parties hereto and supersedes any prior or
contemporaneous written or oral agreements, representations and warranties
between them respecting the subject matter hereof.

      (d) Amendment. This Agreement may be amended only by a writing signed by
Contractor and by a duly authorized representative of the Company.

      (e) Severability. If any term, provision, covenant or condition of this
Agreement, or the application thereof to any person, place or circumstance,
shall be held to be invalid, unenforceable or void, the remainder of this
Agreement and such term, provision, covenant or condition as applied to other
persons, places and circumstances shall remain in full force and effect.

      (f) Construction. The headings and captions of this Agreement are provided
for convenience only and are intended to have no effect in construing or
interpreting this Agreement. The language in all parts of this Agreement shall
be in all cases construed according to its fair meaning and not strictly for or
against either party.

      (g) Rights Cumulative. The rights and remedies provided by this Agreement
are cumulative, and the exercise of any given right or remedy by either party
hereto shall not preclude or waive its right to exercise any or all of its other
rights and remedies.

      (h) Nonwaiver. No failure or neglect of either party hereto in any
instance to exercise any right, power or privilege hereunder or under law shall
constitute a waiver of any other right, power or privilege or of the same right,
power or privilege in any other instance. All waivers by either party hereto
must be contained in a written instrument signed by the party to be charged with
such waiver and, in the case of the Company, by an officer of the Company or
other person duly authorized by the Company.

      (i) Notices. Any notice, request, consent or approval required or
permitted to be given under this Agreement or pursuant to law shall be
sufficient if given in writing, and if and when sent by certified or registered
mail, with postage prepaid, to Contractor's residence (as noted below), or to
the Company's principal office in Scottsdale, as the case may be.

      (j) Disputes. EACH PARTY, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY AS TO ANY ISSUE
RELATING HERETO IN ANY ACTION, PROCEEDING, OR COUNTERCLAIM ARISING OUT OF OR
RELATING TO THIS AGREEMENT OR ANY OTHER MATTER INVOLVING THE PARTIES HERETO.

                                                                               5
<PAGE>
Company:                                Contractor:

By: /s/ J.A. Blanchard                  By: /s/ THOMAS S. LISTON
    ------------------                      --------------------
                                                        (Signature)
Title: CEO

                                        Name: Thomas S. Liston
                                                          (Print)

                                        ----------------------------------------
                                        Social Security #

                                        Address:________________________________

                                                --------------------------------

                                                --------------------------------

                                                                               6

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