Document:

Exhibit 10.1

 

INDEMNIFICATION AGREEMENT

 

THIS AGREEMENT (this “Agreement”),
dated as of [●], is entered into by and between HMS Holdings Corp., a Delaware corporation (the “Company”),
and [●] (“Indemnitee”).

 

WHEREAS, it is essential to the Company to
retain and attract as directors and officers the most capable persons available;

 

WHEREAS, Indemnitee is a director and/or officer
of the Company;

 

WHEREAS, both the Company and Indemnitee recognize
the increased risk of litigation and other claims currently being asserted against directors and officers of corporations; and

 

WHEREAS, in recognition of Indemnitee’s
need for substantial protection against personal liability in order to enhance Indemnitee’s continued and effective service
to the Company, and in order to induce Indemnitee to provide continued services to the Company as a director or officer, the Company
wishes to provide in this Agreement for the indemnification of and the advancement of expenses to Indemnitee to the fullest extent
(whether partial or complete) permitted by law and as set forth in this Agreement and for the coverage of Indemnitee under the
Company’s directors’ and officers’ liability insurance policies.

 

NOW, THEREFORE, in consideration of the above
premises and of Indemnitee’s continuing to serve as a director or officer of the Company and intending to be legally bound
hereby, the parties agree as follows:

 

1.                 
Certain Definitions. The following terms shall have the following meanings in this Agreement:

 

(a)               
“Board” means the Board of Directors of the Company.

 

(b)              
“Change in Control” means:

 

(i)                
any “person,” as such term is defined in Section 3(a)(9) of the Securities Exchange Act of 1934 (the
“Exchange Act”), as modified and used in Section 13(d) and 14(d) thereof (but not including (1) the Company
or any of its subsidiaries, (2) a trustee or other fiduciary holding securities under an employee benefit plan of the Company or
any of its subsidiaries, (3) an underwriter temporarily holding securities pursuant to an offering of such securities, or (4) a
corporation owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership
of stock of the Company) (hereinafter a “Person”), is or becomes the beneficial owner, as defined in
Rule 13d-3 of the Exchange Act, directly or indirectly, of securities of the Company (not including in the securities beneficially
owned by such Person any securities acquired directly from the Company or its affiliates, excluding an acquisition resulting from
the exercise of a conversion or exchange privilege in respect of outstanding convertible or exchangeable securities) representing
50% or more of the combined voting power of the Company’s then outstanding securities; or

 

     

     

    

(ii)              
during any period of two consecutive years beginning on the date hereof, individuals who at the beginning of such
period constitute the Board and any new director (other than a director designated by a Person who has entered into any agreement
with the Company to effect a transaction described in clause (i), (iii) or (iv) of this Section) whose election
by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds of the
directors then still in office who either were directors at the beginning of the period or whose election or nomination for election
was previously so approved (each such director, a “Continuing Director”), cease for any reason to constitute
a majority thereof; or

 

(iii)            
the stockholders of the Company approve a merger or consolidation of the Company with any other corporation, other
than (1) a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto
continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving or acquiring
entity), in combination with the ownership of any trustee or other fiduciary holding securities under an employee benefit plan
of the Company, at least 50% of the combined voting power of the voting securities of the Company or such surviving or acquiring
entity outstanding immediately after such merger or consolidation, or (2) a merger or consolidation effected to implement a recapitalization
of the Company (or similar transaction) in which no Person acquires more than 50% of the combined voting power of the Company's
then outstanding securities; or

 

(iv)            
the stockholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale
or disposition by the Company of all or substantially all of the Company’s assets.

 

(c)               
“Disinterested Director” means a director of the Company who is not and was not a party
to the Proceeding in respect of which indemnification is sought by Indemnitee.

 

(d)              
“Enterprise” shall mean the Company, any direct or indirect subsidiary of the Company,
and any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise that Indemnitee is or was
serving at the express request of the Company as a director, officer, employee, agent or fiduciary.

 

(e)               
“Expense Advance” or an “Advance” shall have the meaning set
forth in Section 2(c).

 

(f)               
“Expenses” means any reasonable expense, including without limitation, attorneys’
fees, retainers, court costs, transcript costs, fees and expenses of experts (including without limitation accountants and other
advisors), travel expenses, witness fees, duplicating costs, postage, delivery service fees, filing fees, and all other disbursements
or expenses of the types typically paid or incurred in connection with investigating, defending, being a witness in, or participating
(including on appeal), or responding to, or objecting to, a request to provide discovery, or preparing for any of the foregoing,
or any appeal bond or its equivalent, in any Proceeding relating to any Indemnifiable Event, and any expenses of establishing a
right to indemnification under any of Sections 2, 4 or 5, in each case, to the extent reasonable; provided,
however, that Expenses shall not include amounts paid in settlement by Indemnitee or the amount of judgments or fines against
the Indemnitee.

 

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(g)              
“Indemnifiable Costs” means any and all Expenses, liability or loss, judgments, fines and
amounts paid in settlement and any interest, assessments, or other charges imposed thereon, and any federal, state, local, or foreign
taxes imposed as a result of the actual or deemed receipt of any payments under this Agreement.

 

(h)              
“Indemnifiable Event” means any event or occurrence that takes place either prior to or
after the execution of this Agreement, related to the fact that Indemnitee is or was a director or officer of the Company, or while
a director is or was serving at the request of the Company as a director or officer of another corporation, partnership, joint
venture, trust, employee benefit plan or other enterprise or related to anything done or not done by Indemnitee in any such capacity,
whether or not the basis of the Proceeding is alleged action in an official capacity as a director or officer of the Company, or
in any other capacity, as described above.

 

(i)                
“Independent Counsel” means a law firm, or a member of a law firm, that is experienced
in matters of corporation law and neither presently is, nor in the past three years has been, retained to represent: (1) the Company
or any of its subsidiaries or affiliates, (2) the Indemnitee or (3) any other party to the Proceeding giving rise to a claim for
indemnification or Expense Advances hereunder, in any matter (other than with respect to matters relating to indemnification and
advancement of expenses). No law firm or lawyer shall qualify to serve as Independent Counsel if that person would, under the applicable
standards of professional conduct then prevailing, have a conflict of interest in representing either the Company or Indemnitee
in an action to determine Indemnitee’s rights under this Agreement. The Company shall select a law firm or lawyer to serve
as Independent Counsel, subject to the consent of the Indemnitee, which consent shall not be unreasonably withheld.

 

(j)                
“Organizational Documents” means the Company’s Amended and Restated Certificate of
Incorporation and Second Amended and Restated Bylaws, each as they may be amended from time to time.

 

(k)              
“Proceeding” means any threatened, pending, or completed action, suit or proceeding, whether
civil, criminal, internal, administrative or investigative that relates to an Indemnifiable Event.

 

(l)                
“Reviewing Party” shall have the meaning set forth in Section 3.

 

2.                 
Agreement to Indemnify.

 

(a)               
General Agreement regarding Indemnification. In the event Indemnitee was, is, or becomes a party to or witness
or other participant in, or is threatened to be made a party to or witness or other participant in, a Proceeding by reason of (or
arising in part out of) an Indemnifiable Event, the Company shall indemnify Indemnitee from and against Indemnifiable Costs, to
the fullest extent permitted by applicable law, as the same exists or may hereafter be amended or interpreted (but in the case
of any such amendment or interpretation, only to the extent that such amendment or interpretation permits the Company to provide
broader indemnification rights than were permitted prior thereto); provided, however, that the Company’s commitment
set forth in this Section 2(a) to indemnify the Indemnitee shall be subject to the limitations and procedural requirements
set forth in this Agreement.

 

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(b)              
Partial Indemnification. If Indemnitee is entitled under any provision of this Agreement to indemnification
by the Company for some or a portion of Indemnifiable Costs, but not, however, for the total amount thereof, the Company shall
nevertheless indemnify Indemnitee for the portion thereof to which Indemnitee is entitled.

 

(c)               
Advancement of Expenses. If so requested by Indemnitee, the Company shall advance to Indemnitee, to the fullest
extent permitted by applicable law, any and all Expenses incurred by Indemnitee (an “Expense Advance”
or an “Advance”) within 21 calendar days after the receipt by the Company of a request from Indemnitee
for an Advance, whether prior to or after final disposition of any Proceeding. As a condition to receiving Advances, Indemnitee
shall submit an undertaking substantially in the form attached hereto as Exhibit A. Any request for an Expense Advance shall
be accompanied by an itemization, in reasonable detail, of the Expenses for which advancement is sought; provided, however,
that Indemnitee need not submit to the Company any information that counsel for Indemnitee deems is privileged and exempt from
compulsory disclosure in any proceeding. Advances shall be made without regard to Indemnitee’s ability to repay the Expenses.
If Indemnitee has commenced legal proceedings in a court of competent jurisdiction in the State of Delaware to secure a determination
that Indemnitee should be indemnified under applicable law, as provided in Section 4, any determination made by the Reviewing
Party that Indemnitee would not be permitted to be indemnified under applicable law shall not be binding and Indemnitee shall not
be required to reimburse the Company for any Expense Advance until a final judicial determination is made with respect thereto
(as to which all rights of appeal therefrom have been exhausted or have lapsed). Indemnitee’s obligation to reimburse the
Company for Expense Advances shall be unsecured and no interest shall be charged thereon.

 

(d)              
Exception to Obligation to Indemnify and Advance Expenses. Notwithstanding anything in this Agreement to the
contrary, Indemnitee shall not be entitled to indemnification or advancement pursuant to this Agreement in connection with any
Proceeding initiated by Indemnitee against the Company or any director or officer of the Company unless (i) the Company has joined
in or the Board has consented to the initiation of such Proceeding or (ii) the Proceeding is one to enforce indemnification rights
under Section 5.

 

3.                 
Reviewing Party.

 

(a)               
Definition of Reviewing Party. Other than as contemplated by Section 3(b), the person, persons or entity
who shall determine whether Indemnitee is entitled to indemnification in the first instance (the “Reviewing Party”)
shall be (i) the Board acting by a majority vote of Disinterested Directors, even though less than a quorum, (ii) by a committee
of Disinterested Directors designated by a majority vote of Disinterested Directors, even though less than a quorum, (iii) if there
are no Disinterested Directors, or if the Disinterested Directors so direct, by Independent Counsel in a written determination
to the Board, a copy of which shall be delivered to Indemnitee or (iv) if so directed by the Board or Disinterested Directors,
by the stockholders of the Company.

 

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(b)              
Reviewing Party Following Change in Control. Notwithstanding anything to the contrary, (i) after a Change
in Control (other than a Change in Control approved by a majority of the Continuing Directors), the Reviewing Party shall be the
Independent Counsel, (ii) with respect to all matters arising from such a Change in Control concerning the rights of Indemnitee
to indemnity payments and Expense Advances under this Agreement or any other agreement or under applicable law or the Organizational
Documents now or hereafter in effect relating to indemnification for Indemnifiable Events, the Company shall seek legal advice
only from the Independent Counsel and (iii) such counsel, among other things, shall render its written opinion to the Company and
Indemnitee as to whether and to what extent the Indemnitee should be permitted to be indemnified under applicable law. The Company
agrees to pay the reasonable fees of the Independent Counsel and to indemnify fully such counsel against any and all expenses (including
without limitation attorneys’ fees), claims, liabilities, loss, and damages arising out of or relating to this Agreement
or the engagement of Independent Counsel pursuant hereto.

 

4.                 
Indemnification Process and Appeal.

 

(a)               
Indemnification Payment.

 

(i)                
The determination with respect to Indemnitee’s entitlement to indemnification shall be made by the Reviewing
Party not later than 30 days after receipt by the Company of a written demand on the Company for indemnification (which written
demand shall include such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to
determine whether and to what extent Indemnitee is entitled to indemnification); provided, however, that if the Reviewing
Party is the stockholders of the Company, the 30 day time period shall be replaced with the following: (A) within 15 days after
receipt by the Company of the request for such determination, the Board or the Disinterested Directors, if appropriate, resolve
to submit such determination to the stockholders for their consideration at an annual meeting thereof to be held within 75 days
after such receipt and such determination is made thereat, (B) a special meeting of stockholders is called within 15 days after
such receipt for the purpose of making such determination, such meeting is held for such purpose within 60 days after having been
so called and such determination is made thereat or (C) written consents of stockholders of the Company are obtained within 75
days after receipt by the Company of the request for such determination. The Reviewing Party making the determination with respect
to Indemnitee’s entitlement to indemnification shall notify Indemnitee of such written determination no later than two business
days thereafter. If a determination shall have been made pursuant to Section 4(a) of this Agreement that Indemnitee is entitled
to indemnification, the Company shall be bound by such determination in any judicial proceeding, absent (x) a misstatement by Indemnitee
of a material fact, or an omission of a material fact necessary to make Indemnitee’s misstatement not materially misleading
in connection with the application for indemnification or (y) a prohibition of such indemnification under applicable law. The Company
shall be precluded from asserting in any judicial proceeding commenced that the procedures and presumptions of this Agreement are
not valid, binding and enforceable and shall stipulate in any such court that the Company is bound by all the provisions of this
Agreement.

 

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(ii)              
If the Reviewing Party shall not have made a written determination to the Company that Indemnitee is not entitled
to indemnification within time limitation for such a determination set forth in Section 4(a)(i), the requisite determination
of entitlement to indemnification shall be deemed to have been made and Indemnitee shall be entitled to such indemnification absent
(x) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement
not materially misleading, in connection with the request for indemnification or (y) a prohibition of such indemnification under
applicable law. Indemnitee shall receive payment from the Company in accordance with this Agreement within 10 business days after
the earlier of (x) the Reviewing Party making its determination with respect to Indemnitee’s entitlement to indemnification
and (y) the expiration of the time period specified in Section 4(a)(i).

 

(iii)            
Indemnitee shall cooperate with the Reviewing Party, including without limitation providing to Reviewing Party or
its representatives upon reasonable advance request any documentation or information which is not privileged or otherwise protected
from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such determination. Any costs or expenses
(including attorneys’ fees and disbursements) incurred by Indemnitee in so cooperating with the Reviewing Party shall be
borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the Company
hereby indemnifies and agrees to hold Indemnitee harmless therefrom.

 

(b)              
Suit to Enforce Rights. If (x) payment of indemnification pursuant to Section 4(a)(ii) is not made
within the period permitted for such payment by such section, (y) the Reviewing Party determines pursuant to Section 4(a)
that Indemnitee is not entitled to indemnification under this Agreement, or (z) Indemnitee has not received advancement of Expenses
within the time period permitted for such advancement by Section 2(c), then Indemnitee shall have the right to enforce the
indemnification and advancement rights granted under this Agreement by commencing litigation in any court of competent jurisdiction
in the State of Delaware seeking an initial determination by the court or challenging any determination by the Reviewing Party
or any aspect thereof. The Company hereby consents to service of process and to appear in any such proceeding. Any determination
by the Reviewing Party not challenged by the Indemnitee within six months of the date of the Reviewing Party’s determination
shall be binding on the Company and Indemnitee. In the event that a determination shall have been made by the Reviewing Party that
Indemnitee is not entitled to indemnification, any judicial proceeding commenced pursuant to this Section 4(b) shall be
conducted in all respects as a de novo trial on the merits, and Indemnitee shall not be prejudiced by reason of the adverse determination
under Section 4(a). In the event that Indemnitee, pursuant to this Section 4(b), seeks a judicial adjudication of
his rights under, or to recover damages for breach of, this Agreement, or to recover under any directors’ and officers’
liability insurance policies maintained by the Company, the Company shall pay on his behalf, in advance, any and all Expenses actually
and reasonably incurred by Indemnitee in such judicial adjudication, regardless of whether Indemnitee ultimately is determined
to be entitled to such indemnification, advancement of expenses or insurance recovery. The remedy provided for in this Section
4 shall be in addition to any other remedies available to Indemnitee in law or equity.

 

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(c)               
Defense to Indemnification, Burden of Proof, and Presumptions.

 

(i)                
To the maximum extent permitted by applicable law in making a determination with respect to entitlement to indemnification
(or payment of Expense Advances) hereunder, the Reviewing Party shall presume that an Indemnitee is entitled to indemnification
(or payment of Expense Advances) under this Agreement, and the Company shall have the burden of proof to overcome that presumption
in connection with the making by the Reviewing Party of any determination contrary to that presumption.

 

(ii)              
It shall be a defense to any action brought by Indemnitee against the Company to enforce this Agreement that it is
not permissible under applicable law for the Company to indemnify Indemnitee for the amount claimed.

 

(iii)            
For purposes of this Agreement, the termination of any Proceeding by judgment, order, settlement (whether with or
without court approval and whether with or without an admission of liability on the part of the Indemnitee), conviction, or upon
a plea of nolo contendere, or its equivalent, shall not create a presumption that Indemnitee did not act in good faith and in a
manner which he reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal
Proceeding, that Indemnitee had reasonable cause to believe that his conduct was unlawful or create a presumption that Indemnitee
did not meet any particular standard of conduct or have any particular belief or that a court has determined that indemnification
is not permitted by applicable law.

 

(iv)            
 The Company acknowledges that a settlement or other disposition short of final judgment may be successful if it
permits a party to avoid expense, delay, distraction, disruption and uncertainty. In the event that any Proceeding to which Indemnitee
is a party is resolved in any manner other than by adverse judgment against Indemnitee (including, without limitation, settlement
of such action, claim or proceeding with or without payment of money or other consideration) it shall be presumed that Indemnitee
has been successful on the merits or otherwise in such Proceeding. Anyone seeking to overcome this presumption shall have the burden
of proof and the burden of persuasion by clear and convincing evidence.

 

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(v)              
For purposes of any determination under this Agreement, Indemnitee shall be deemed to have acted in good faith if
Indemnitee’s action is based on the records or books of account of the Enterprise, including without limitation financial
statements, or on information supplied to Indemnitee by the directors or officers of the Enterprise in the course of their duties,
or on the advice of legal counsel for the Enterprise or on information or records given or reports made to the Enterprise by an
independent certified public accountant or by an appraiser or other expert selected with the reasonable care by the Enterprise.
The provisions of this Section 4(c)(v) shall not be deemed to be exclusive or to limit in any way the other circumstances
in which the Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement. Whether or not
the foregoing provisions of this Section 4(c)(v) are satisfied, it shall in any event be presumed that Indemnitee has at
all times acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the Company.
Anyone seeking to overcome this presumption shall have the burden of proof and the burden of persuasion by clear and convincing
evidence.

 

(vi)            
The knowledge or actions, or failure to act, of any director, officer, agent or employee of the Enterprise shall
not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement.

 

5.                 
Indemnification for Expenses Incurred in Enforcing Rights. The Company shall indemnify Indemnitee against
any and all Expenses to the fullest extent permitted by law and, if requested by Indemnitee pursuant to the procedures set forth
in Section 2(c), shall advance such Expenses to Indemnitee, that are incurred by Indemnitee in connection with any claim
asserted against or action brought by Indemnitee for:

 

(i)                
enforcement of this Agreement;

 

(ii)              
indemnification of Indemnifiable Costs or Expense Advances by the Company under this Agreement or any other agreement
or under applicable law or the Organizational Documents now or hereafter in effect relating to indemnification for Indemnifiable
Events; or

 

(iii)            
recovery under directors’ and officers’ liability insurance policies maintained by the Company.

 

6.                 
Notification and Defense of Proceeding.

 

(a)               
Notice. Promptly after receipt by Indemnitee of notice of the commencement of any Proceeding, Indemnitee will,
if a claim in respect thereof is to be made against the Company under this Agreement, notify the Company of the commencement thereof.
The failure to notify or promptly notify the Company shall not relieve the Company from any liability which it may have to the
Indemnitee otherwise than under this Agreement, and shall not relieve the Company from liability hereunder except to the extent
the Company has been prejudiced or as further provided in Section 6(c).

 

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(b)              
Defense. With respect to any Proceeding as to which Indemnitee notifies the Company of the commencement thereof,
the Company will be entitled to participate in the Proceeding at its own expense and except as otherwise provided below, to the
extent the Company so wishes, it may assume the defense thereof with counsel selected by the Company. After notice from the Company
to Indemnitee of its election to assume the defense of any Proceeding, the Company will not be liable to Indemnitee under this
Agreement or otherwise for any Expenses subsequently incurred by Indemnitee in connection with the defense of such Proceeding other
than reasonable costs of investigation or as otherwise provided below. Indemnitee shall have the right to employ separate counsel
in such Proceeding, but all Expenses related thereto incurred after notice from the Company of its assumption of the defense shall
be at Indemnitee’s expense unless: (i) the employment of counsel by Indemnitee has been authorized by the Company, (ii) Indemnitee
has reasonably determined, based on consultation with legal counsel, that there may be a conflict of interest between Indemnitee
and the Company in the defense of the Proceeding, (iii) after a Change in Control, the employment of counsel by Indemnitee has
been approved by the Independent Counsel, or (iv) the Company shall not within 60 calendar days (or sooner if the circumstances
require) in fact have employed counsel to assume the defense of such Proceeding, in each of which case all Expenses of the Proceeding
shall be borne by the Company. If the Company has selected counsel to represent Indemnitee and other current and former directors,
officers or employees of the Company in the defense of a Proceeding, and a majority of such persons, including Indemnitee, reasonably
object to such counsel selected by the Company pursuant to the first sentence of this Section 6(b), then such persons, including
Indemnitee, shall be permitted to employ one additional counsel of their choice and the reasonable fees and expenses of such counsel
shall be at the expense of the Company; provided, however, that such counsel shall be chosen from amongst the list
of counsel, if any, approved by any company with which the Company obtains or maintains insurance. In the event separate counsel
is retained by a group of persons including Indemnitee pursuant to this Section 6(b), the Company shall cooperate with such
counsel with respect to the defense of the Proceeding, including without limitation making documents, witnesses and other reasonable
information related to the defense available to such separate counsel pursuant to joint-defense agreements or confidentiality agreements,
as appropriate. The Company shall not be entitled to assume the defense of any Proceeding brought by or on behalf of the Company
or as to which Indemnitee shall have made the determination provided for in clause (ii) above.

 

(c)               
Settlement of Claims. The Company shall not be liable to indemnify Indemnitee under this Agreement
or otherwise for any amounts paid in settlement of any Proceeding effected without the Company’s written consent. The Company
shall not settle any Proceeding in any manner that would impose any penalty or limitation on Indemnitee without Indemnitee’s
written consent. Neither the Company nor the Indemnitee will unreasonably withhold their consent to any proposed settlement. The
Company shall not be liable to indemnify the Indemnitee under this Agreement with regard to any judicial award if the Company was
not given a reasonable and timely opportunity, at its expense, to participate in the defense of such action; the Company’s
liability hereunder shall not be excused if participation in the Proceeding by the Company was barred by this Agreement.

 

7.                 
Non-Exclusivity. The rights of Indemnitee hereunder shall be in addition to any other rights Indemnitee
may have under the laws of the State of Delaware, the Organizational Documents, board resolution, applicable law, or otherwise.
To the extent that a change in applicable law (whether by statute or judicial decision) permits greater indemnification by agreement
than would be afforded currently under the Organizational Documents, board resolutions, applicable law, or this Agreement, it is
the intent of the parties that Indemnitee enjoy by this Agreement the greater benefits so afforded by such change.

 

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8.                 
Liability Insurance. To the extent the Company maintains an insurance policy or policies providing
directors’ or officers’ liability insurance, Indemnitee, if a director or officer of the Company, shall be covered
by such policy or policies, in accordance with its or their terms.

 

9.                 
Amendment. No supplement, modification, or amendment of this Agreement shall be binding unless executed
in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall operate as a waiver of any
other provisions hereof (whether or not similar), nor shall such waiver constitute a continuing waiver. Except as specifically
provided herein, no failure to exercise or any delay in exercising any right or remedy hereunder shall constitute a waiver thereof.

 

10.             
Subrogation. In the event of payment under this Agreement, the Company shall be subrogated to the extent
of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers required and shall do everything that
may be necessary to secure such rights, including without limitation the execution of such documents necessary to enable the Company
effectively to bring suit to enforce such rights.

 

11.             
No Duplication of Payments. The Company shall not be liable under this Agreement to make any payment
in connection with any claim made against Indemnitee to the extent Indemnitee has otherwise actually received payment (whether
under the Organizational Documents, any insurance policy, by law, or otherwise) of the amounts otherwise indemnifiable hereunder.

 

12.             
Binding Effect. This Agreement shall be binding upon and inure to the benefit of and be enforceable
by the parties hereto and their respective successors, assigns, including without limitation any direct or indirect successor by
purchase, merger, consolidation, or otherwise to all or substantially all of the business or assets of the Company, spouses, heirs,
and personal and legal representatives. The Company shall require and cause any successor (whether direct or indirect by purchase,
merger, consolidation, or otherwise) to all, substantially all, or a substantial part, of the business or assets of the Company,
by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement
in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.
This Agreement shall continue in effect regardless of whether Indemnitee continues to serve as a director or officer of the Company
or of any other Enterprise at the Company’s request.

 

13.             
Severability. If any provision (or portion thereof) of this Agreement shall be held by a court of competent
jurisdiction to be invalid, void, or otherwise unenforceable, the remaining provisions shall remain enforceable to the fullest
extent permitted by law. Furthermore, to the fullest extent possible, the provisions of this Agreement (including, without limitation,
each portion of this Agreement containing any provision held to be invalid, void, or otherwise unenforceable, that is not itself
invalid, void, or unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid,
void, or unenforceable.

 

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14.             
Governing Law. This Agreement and all claims or causes of action (whether in contract or tort, in law
or in equity, or granted by statute or otherwise) that may be based upon, arise out of or relate to this Agreement or the negotiation,
execution, termination, validity, interpretation, construction, enforcement, performance or non-performance of this Agreement shall
be governed by, and construed in accordance with, the laws of the State of Delaware, without giving effect to any choice or conflict
of law principles that would cause the application of the laws of any other jurisdiction.

 

15.             
Entire Agreement. Subject to Section 7 hereof, this Agreement constitutes the entire agreement
between the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral, written,
and implied, between the parties hereto with respect to the subject matter hereof.

 

16.             
No Bar Orders. The Company shall not seek from a court, or agree to, a “bar order” which
would have the effect of prohibiting or limiting the Indemnitee's rights to receive advancement of expenses under this Agreement.

 

17.             
Jury Waiver. EACH PARTY IRREVOCABLY AND UNCONDITIONALLY EXPRESSLY WAIVES ANY RIGHT IT MAY HAVE TO A
TRIAL BY JURY IN RESPECT OF ANY ACTION, SUIT OR OTHER LEGAL PROCEEDING RELATING TO THIS AGREEMENT OR ANY RELATED CLAIM.

 

18.             
Counterparts. This Agreement may be executed in two or more counterparts (any of which may be delivered
by facsimile or electronic transmission), each of which shall be an original, but all such counterparts shall together constitute
but one and the same instrument.

 

19.             
Interpretation. The headings of this Agreement are inserted for convenience only and shall not be deemed
to constitute part of this Agreement or to affect the construction hereof. Unless otherwise specified, all references in this Agreement
to any “Section,” paragraph, clause or other subdivision are to the corresponding section, paragraph, clause or subdivision
of this Agreement

 

20.             
Notices. All notices, demands, and other communications required or permitted hereunder shall be made
in writing and shall be deemed to have been duly given if delivered by hand, against receipt, or mailed, postage prepaid, certified
or registered mail, return receipt requested, and addressed

 

to the Company at:

 

HMS Holdings Corp.

5615 High Point Drive

Irving, Texas 75038

Attn: Chief Financial Officer

 

    	 	11	 

     

    

and

 

HMS Holdings Corp.

5615 High Point Drive

Irving, Texas 75038

Attn: General Counsel

 

to Indemnitee at:

 

[●]

[●]

 

Notice of change of address shall be effective only when done
in accordance with this Section. All notices complying with this Section shall be deemed to have been received on the date of delivery
or on the third business day after mailing.

 

[THE REMAINDER OF THIS
PAGE IS INTENTIONALLY LEFT BLANK]

 

 

 

    	 	12	 

     

    

IN WITNESS WHEREOF, the parties hereto
have duly executed and delivered this Agreement as of the day specified above.

 

 

	COMPANY:	HMS HOLDINGS CORP.
	 	 	 
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	 	 
	INDEMNITEE:	[INDEMNITEE]
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	     

 

 

 

    SIGNATURE PAGE TO 
 INDEMNIFICATION AGREEMENT

     

    

Exhibit A

 

REQUEST AND UNDERTAKING

 

HMS Holdings Corp.

5615 High Point Drive

Irving, Texas 75038

Attn: General Counsel

 

To Whom It May Concern:

 

I request, pursuant to Section 2(c) of the
Indemnification Agreement, dated as of [●] (the “Indemnification Agreement”), between HMS Holdings
Corp. (the “Company”) and me, that the Company advance Expenses (as such term is defined in the Indemnification
Agreement) incurred in connection with [describe Proceeding] (the “Proceeding”).

 

I undertake and agree to repay to the Company
any funds advanced to me or paid on my behalf if it shall ultimately be determined that I am not entitled to indemnification. I
shall make any such repayment promptly following written notice of any such determination.

 

I agree that payment by the Company of my
expenses in connection with the Proceeding in advance of the final disposition thereof shall not be deemed an admission by the
Company that it shall ultimately be determined that I am entitled to indemnification.

 

 

	 	______________________
	 	[Name]
	 	 
	 	 
	 	Date: _________________

 

 

 

A-1Exhibit 10.2

 

SETTLEMENT AGREEMENT

 

This Settlement Agreement is entered into
as of June 27, 2018, by and between Dennis Demetre (“Demetre”), Lori Lynn Lewis Demetre (“Lewis”), John
Alfred Lewis, Christopher Brandon Lewis, and HMS Holdings Corp. (“HMS”).

 

WITNESSETH

 

WHEREAS, Demetre, Lewis, John Alfred Lewis,
Christopher Brandon Lewis, and HMS entered into a Stock Purchase Agreement for Allied Management Group – Special Investigation
Unit, Inc. (“Agreement”), dated June 30, 2010, pursuant to which Demetre, Lewis, John Alfred Lewis, and Christopher
Brandon Lewis sold their company, Allied Management Group – Special Investigation Unit, Inc. (“AMG”), to HMS
for an up-front payment of $13 million plus potential contingent earn-out payments;

 

WHEREAS, Demetre and Lewis commenced an
action against HMS on July 9, 2012, entitled Demetre v. HMS Holdings Corp., No. 652381/2012, in New York State Supreme Court,
County of New York concerning the earn-out payments, and on December 13, 2013, HMS asserted counterclaims against Demetre and Lewis
(the “Litigation”);

 

WHEREAS, the Litigation was tried in a jury
trial from October 24, 2017, to November 3, 2017;

 

WHEREAS, the jury returned a verdict for
Demetre and Lewis in the amount of $60 million in connection with the Litigation;

 

     

     

    

WHEREAS, HMS filed a Post-Trial Motion for
Judgment as a Matter of Law, dated November 20, 2017, identifying issues with the verdict and asking that the verdict be vacated
or reduced, which is currently pending;

 

WHEREAS, Demetre, Lewis, John Alfred Lewis,
Christopher Brandon Lewis, and HMS wish to settle the disputes between and among them;

 

NOW, THEREFORE, Demetre, Lewis, John Alfred
Lewis, Christopher Brandon Lewis, and HMS, intending to be legally bound, hereby agree that in consideration of the settlement
of the disputes between the parties, as described below, and for such other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged:

 

1.                 
Upon execution of this Settlement Agreement, counsel for Demetre and Lewis will execute and deliver to counsel for HMS a
Stipulation of Discontinuance with prejudice and without costs to either party in the form attached hereto as Exhibit A. The Stipulation
of Discontinuance will be held in escrow by HMS’s counsel to be filed with the Court upon payment of the Settlement Amount
as set forth in paragraph 2 of this Settlement Agreement.

 

2.                 
Within ten (10) business days of the execution of this Settlement Agreement, HMS will pay Demetre, Lewis, John Alfred Lewis,
and Christopher Brandon Lewis twenty million dollars ($20,000,000.00) (the “Settlement Amount”), to be divided amongst
themselves as they may separately agree, by wire transfer to the following account:

 

Humphrey, Farrington & McClain,
P.C. IOLTA Account

Account No. XXXXXXX

ABA No. XXXXXXXXX

Citizens Bank & Trust

7553 NW Barry Road, Kansas City,
MO 64153

 

    	 	2	 

     

    

For avoidance of doubt, the parties agree and understand that
the Settlement Amount includes a sum representing the balance of the remaining escrow funds (approximately $668,820) (“Escrow
Funds”) currently being held in escrow with JP Morgan Chase Bank, N.A. in Account Number XXXXXXXXXXXXXXX pursuant to the
Escrow Agreement dated June 30, 2010 by and between Demetre, Lewis, John Alfred Lewis, Christopher Brandon Lewis and HMS, which
shall be released to HMS. Upon execution of this Settlement Agreement, counsel for Demetre and Lewis will deliver to counsel for
HMS written authorization in the form attached hereto as Exhibit B, executed by Demetre, Lewis, John Alfred Lewis, and Christopher
Brandon Lewis, for the release of the Escrow Funds to HMS.

 

3.                 
Demetre, Lewis, John Alfred Lewis, and Christopher Brandon Lewis on behalf of themselves and their respective past, present,
and future companies, subsidiaries, and their present and former agents, advisors, accountants, attorneys, assignees, and representatives
hereby release and absolutely and forever discharge HMS, as well as its past, present, and future companies, subsidiaries, and
affiliates, and their respective present and former officers, directors, shareholders, employees, agents, advisors, accountants,
attorneys, assignees, and representatives (referred to collectively as the “HMS Released Parties”), of and from any
and all claims, demands, damages, debts, liabilities, judgments, accounts, loss of profits, loss of goodwill, loss of reputation,
obligations, costs, expenses, actions, and causes of action of every kind and nature whatsoever, whether now known or unknown,
suspected or unsuspected, choate or inchoate, which Demetre, Lewis, John Alfred Lewis, or Christopher Brandon Lewis now has, owns,
or holds, or at any time heretofore ever had, owned, or held against any of them (referred to collectively as “Demetre-Lewis
Claims”) from the beginning of the world to the date hereof, including without limitation any Demetre-Lewis Claims which
arise out of, relate to, or are based upon: (i) the performance or non-performance of the Agreement; and/or (ii) any of the events,
acts, or conduct that are the subject of (or could have been the subject of) the Litigation; provided, however, that there shall
be expressly excluded from this General Release any and all Demetre-Lewis Claims arising out of, relating to, or based upon this
Settlement Agreement.

 

    	 	3	 

     

    

4.                 
HMS, on behalf of itself and its respective past, present, and future parent companies, subsidiaries, and their present
and former agents, advisors, accountants, attorneys, assignees, and representatives hereby releases and absolutely and forever
discharges Demetre, Lewis, John Alfred Lewis, and Christopher Brandon Lewis, as well as their past, present, and future companies,
subsidiaries, and affiliates, and their respective present and former officers, directors, shareholders, employees, agents, advisors,
accountants, attorneys, assignees, and representatives (referred to collectively as the “Demetre-Lewis Released Parties”),
of and from any and all claims, demands, damages, debts, liabilities, judgments, accounts, loss of profits, loss of goodwill, loss
of reputation, obligations, costs, expenses, actions, and causes of action of every kind and nature whatsoever, whether now known
or unknown, suspected or unsuspected, choate or inchoate, which HMS now has, owns, or holds, or at any time heretofore ever had,
owned, or held against any of them (referred to collectively as “HMS Claims”) from the beginning of the world to the
date hereof, including without limitation any HMS Claims which arise out of, relate to, or are based upon: (i) the performance
or non-performance of the Agreement; and/or (ii) any of the events, acts, or conduct that are the subject of (or could have been
the subject of) the Litigation; provided, however, that there shall be expressly excluded from this General Release any and all
HMS Claims arising out of, relating to, or based upon this Settlement Agreement.

 

    	 	4	 

     

    

5.                 
It is the intention of the Parties that in executing this Settlement Agreement and receiving the consideration called for
herein, the releases above shall be effective as a full and final accord and satisfaction and release of all claims, demands, or
causes of action released herein. In furtherance of this intention, each Party acknowledges that it is familiar with and understands
California Civil Code section 1542 and that it hereby waives the protection of California Civil Code section 1542, to the extent
applicable, which provides as follows:

 

“A GENERAL RELEASE
DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE
RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.”

 

Each Party hereby waives and relinquishes all rights and benefits
that it has or may have under California Civil Code section 1542, or the law of any other state or jurisdiction to the same or
similar effect, to the full extent that it may lawfully waive all such rights and benefits pertaining to any of the claims, demands,
or causes of action released herein.

 

6.                 
Nothing in this Settlement Agreement shall be deemed or asserted to be an admission by Demetre, Lewis, John Alfred Lewis,
Christopher Brandon Lewis, or HMS of any liability that is the subject of this Settlement Agreement or the Litigation, which liability
is expressly denied.

 

7.                 
This Settlement Agreement contains, and is intended to contain, a complete statement of the entire agreement and understanding
of Demetre, Lewis, John Alfred Lewis, Christopher Brandon Lewis, and HMS with respect to the subject matter hereof, and supersedes
all prior statements, representations, discussions, agreements, draft agreement, and undertakings, whether written or oral, express
or implied, of any and every nature with respect thereto.

 

    	 	5	 

     

    

8.                 
This Settlement Agreement cannot be amended, supplemented, or modified, nor may any provision hereof be waived, except by
a written instrument executed by Demetre, Lewis, John Alfred Lewis, Christopher Brandon Lewis, and HMS.

 

9.                 
Demetre, Lewis, John Alfred Lewis, and Christopher Brandon Lewis represent that they have kept and will keep every term
of this Settlement Agreement strictly confidential and that they will not at any time hereafter disclose the existence of this
Settlement Agreement, the underlying facts relating to the Litigation and their claims or causes of action, the fact that a settlement
agreement was being discussed or considered, the substance or contents of this Settlement Agreement or the amount or fact of payment
of money (collectively, the “Settlement Issues”) to any person or persons, including, without limitation, current and
former employees of the Demetre-Lewis Released Parties or HMS Released Parties, other than Demetre, Lewis, John Alfred Lewis, and
Christopher Brandon Lewis’s attorney(s), accountants, investment and financial advisors, and members of Demetre, Lewis, John
Alfred Lewis, and Christopher Brandon Lewis’s immediate family (collectively, “Confidants”), provided that such
Confidants agree to and do maintain such Settlement Issues as confidential. If asked about the Litigation or Settlement Issues,
Demetre, Lewis, John Alfred Lewis, and Christopher Brandon Lewis will state only that “We are pleased to have resolved this
matter.”

 

Notwithstanding the foregoing, subject to
compliance with the provisions of paragraph 9 of this Settlement Agreement, Demetre, Lewis, John Alfred Lewis, and Christopher
Brandon Lewis and their Confidants may disclose the Settlement Issues pursuant to court order, judicial or regulatory process,
or subpoena, provided that Demetre, Lewis, John Alfred Lewis, and Christopher Brandon Lewis shall, to the extent permissible by
law, notify HMS immediately upon learning of the order, process, or subpoena so that HMS may seek a protective order or other appropriate
remedy, and Demetre, Lewis, John Alfred Lewis, and Christopher Brandon Lewis will cooperate fully with HMS to obtain such protective
order or other appropriate remedy and otherwise lawfully resist disclosure of the information. If no such protective order or other
remedy is obtained, Demetre, Lewis, John Alfred Lewis, and Christopher Brandon Lewis and their Confidants will disclose only that
portion of the Settlement Issues which they are advised in writing by their legal counsel is legally required to be disclosed,
and will use best efforts to ensure any such information so disclosed will be accorded confidential treatment.

    	 	6	 

     

    

Demetre, Lewis, John Alfred Lewis, and Christopher
Brandon Lewis understand and acknowledge that the representations and commitments made by them in paragraph 9 of this Settlement
Agreement are essential, material, and indispensable conditions of this Settlement Agreement, and that the settlement benefits
provided for herein by HMS would not have been provided in the absence of these representations and commitments.

 

HMS represents that it has kept every term
of this Settlement Agreement strictly confidential through the date it executes this Settlement Agreement. HMS may, however, disclose
the Settlement Amount and related financial impact, accounting treatment and tax consequences of this Settlement Agreement as deemed
advisable or as otherwise required by financial and public company reporting requirements such as U.S. Generally Accepted Accounting
Standards (“GAAP”), the U.S. Securities & Exchange Commission rules and regulations, Public Company Accounting
Oversight Board auditing standards, the Nasdaq Stock Market listing rules or similar rules, regulations and standards. If asked
about the underlying facts relating to the Settlement Issues, HMS will state only that “We are pleased to have resolved this
matter.”

    	 	7	 

     

    

HMS may also disclose the Settlement Issues
pursuant to court order, judicial or regulatory process, or subpoena, provided that HMS shall, to the extent permissible by law,
notify Demetre, Lewis, John Alfred Lewis, and Christopher Brandon Lewis immediately upon learning of the order, process, or subpoena
so that Demetre, Lewis, John Alfred Lewis, and Christopher Brandon Lewis may seek a protective order or other appropriate remedy,
and HMS will cooperate fully with Demetre, Lewis, John Alfred Lewis, and Christopher Brandon Lewis to obtain such protective order
or other appropriate remedy and otherwise lawfully resist disclosure of the information. Except as otherwise provided in this Settlement
Agreement, HMS will disclose only that portion of the Settlement Issues which it is advised in writing by its legal counsel is
legally required to be disclosed, and will use best efforts to ensure any such information so disclosed will be accorded confidential
treatment.

 

10.             
Each Party represents and warrants to the other that neither it, nor any of its agents, representatives, attorneys, or any
other person or entity, in order to induce any other Party to enter into this Settlement Agreement, has made any promise, assurance,
representation, inducement, or warranty whatsoever, whether express, implied, or statutory, that is not specifically set forth
in writing in this Settlement Agreement, and further acknowledges that this Settlement Agreement has not been entered into in reliance
upon any promise, assurance, representation, inducement, or warranty not expressly set forth in writing in this Settlement Agreement.

 

    	 	8	 

     

    

11.             
Each Party represents and warrants to the other that it has read and understands this Settlement Agreement, and that this
Settlement Agreement is executed voluntarily and without duress or undue influence on the part of or on behalf of the other Parties
hereto. The Parties hereby acknowledge that they have been represented or have had the opportunity to be represented in the negotiations
and preparation of this Settlement Agreement by counsel of their own choice and that they are fully aware of the contents of this
Settlement Agreement and of the legal effect of each and every provision herein. Each Party shall bear its own costs and attorneys’
fees with respect to this Settlement Agreement.

 

12.             
The Parties expressly agree that there are no third-party beneficiaries to this Settlement Agreement other than the Parties
and the releasees mentioned in paragraphs 3 and 4 of this Settlement Agreement and that nothing herein, express or implied, is
intended to or shall confer upon any other person any legal or equitable right, benefit, or remedy of any nature whatsoever under
or by reason of this Settlement Agreement.

 

13.             
This Settlement Agreement shall be interpreted and construed in accordance with the laws of the State of New York.

 

14.             
All disputes, controversies, or differences between the Parties arising out of, relating to, or based upon this Settlement
Agreement, or the breach thereof, shall be filed in New York State Supreme Court, New York County.

 

15.             
The rules of construction that an agreement be construed against the drafting party shall not be applied in interpreting
this Settlement Agreement.

 

    	 	9	 

     

    

16.             
Should any part, term, or provision of this Settlement Agreement be declared or determined by any court or other tribunal
of appropriate jurisdiction to be invalid or unenforceable, any such invalid or unenforceable part, term, or provision shall be
deemed stricken and severed from this Settlement Agreement only to the extent necessary to make such part, term, or provision lawful
and enforceable, and any and all of the other terms of the Settlement Agreement shall remain in full force and effect to the fullest
extent permitted by law.

 

17.             
This Settlement Agreement may be executed in identical counterparts with the same force and effect as if all signatures
were set forth in a single instrument.

 

IN WITNESS WHEREOF, Demetre, Lewis, John
Alfred Lewis, Christopher Brandon Lewis, and HMS have caused this Settlement Agreement to be executed on their behalf by their
duly authorized representatives, on the day and year set forth opposite each of their signatures hereto.

 

	 	 	DENNIS DEMETRE
	 	 	 
	Dated: 6/27/18	 	/s/ Dennis Demetre
	 	 	 
	 	 	LORI LEWIS
	 	 	 
	Dated: 6/27/18	 	/s/ Lori Lewis
	 	 	 
	 	 	JOHN ALFRED LEWIS
	 	 	 
	Dated: 6/27/18	 	/s/ John Alfred Lewis

 

 

 

    	 	10	 

     

    

	 	 	CHRISTOPHER BRANDON LEWIS
	 	 	 
	Dated: 6/27/18	 	/s/ Christopher Brandon Lewis
	 	 	 
	 	 	 
	 	 	 

 

 

 

 

 

    	 	11	 

     

    

 

	 	 	HMS HOLDINGS CORP.
	 	 	 
	Dated: 6/27/18	 	/s/ William C. Lucia
	 	 	BY: WILLIAM C. LUCIA
	 	 	PRESIDENT AND CHIEF EXECUTIVE OFFICER

 

 

 

 

 

 

    	 	12	 

    
Exhibit A

    

SUPREME COURT OF THE STATE OF NEW YORK

	COUNTY OF NEW YORK	 	 	 	 
	-------------------------------------------------------------------------x	 	 	 	 
	DENNIS DEMETRE and LORI LEWIS,	 	 	 	 
	 	 	:	 	 
	Plaintiffs,	 	:	 	Index No. 652381/2012
	 	 	:	 	Hon. Saliann Scarpulla
	- against -	 	:	 	 
	 	 	:	 	 
	 	 	:	 	 
	HMS HOLDINGS CORP.,	 	:	 	 
	Defendant.	 	:	 	 
	 	 	:	 	 
	-------------------------------------------------------------------------x	 	 	 	 

 

 

STIPULATION OF DISCONTINUANCE WITH
PREJUDICE

 

Pursuant to Rule 3217(b) of the Civil Practice
Law and Rules of the State of New York, Plaintiffs Dennis Demetre and Lori Lewis and Defendant HMS Holdings Corp. (collectively,
the “Parties”), by and through their undersigned counsel, hereby stipulate and agree that the Parties have amicably
resolved their differences and that the above-referenced proceeding shall be discontinued, with prejudice, and without costs to
any of the Parties as against another. None of the Parties is an infant, incompetent person for whom a committee has been appointed,
or conservatee and no person, not a Party, has an interest in the subject matter of the action.

 

It is further stipulated and agreed that
the verdict entered by the jury in this proceeding on November 3, 2017, will be vacated and dissolved and will have no force or
effect.

 

	Dated:	 	June _____, 2018
	 	 	New York, NY

 

 

 

     

     

    

	 	By:	 
	 	 
	 	Joshua B. Katz
	 	Jack A. Gordan
	 	KENT, BEATTY & GORDON, LLP
	 	Eleven Times Square
	 	New York, New York 10036
	 	Telephone: (212) 421-4300
	 	 	 
	 	Kenneth B. McClain
	 	Humphrey, Farrington & McClain, P.C.
	 	221 W. Lexington Ave., #400
	 	Independence, Missouri 64050
	 	Telephone: (816) 836-5050
	 	(Admitted pro hac vice)
	 	 	 
	 	William Carr
	 	Steven White
	 	White, Graham, Buckley & Carr, LLC
	 	19049 E. Valley View Parkway
	 	Independence, Missouri 64055
	 	Telephone: (816) 373-9080
	 	(Admitted pro hac vice)
	 	 	 
	 	John M. Klamann
	 	Andrew Schermerhorn
	 	The Klamann Law Firm
	 	4435 Main St., Suite 150
	 	Kansas City, Missouri 64111
	 	Telephone: (816) 421-2626
	 	 	 
	 	Attorneys for Plaintiffs Dennis Demetre & Lori Lewis.

 

 

 

     

     

    

	 	By:	 
	 	 	 
	 	David J. Lender
	 	Gregory Silbert
	 	WEIL, GOTSHAL & MANGES LLP
	 	767 Fifth Avenue
	 	New York, NY 10153
	 	Telephone: (212) 310-8000
	 	Facsimile: (212) 310-8007
	 	 	 
	 	Attorneys for Defendant
	 	HMS Holdings Corp.

 

 

 

SO ORDERED:

 

 

 

	 	 
	Hon. Saliann Scarpulla, J.S.C.	 

 

 

 

     

    
Exhibit B

    

 

June ____, 2018

 

 

JP Morgan Chase Bank, N.A.

Treasury Services

4 New York Plaza, 21st Floor

New York, NY 10004

Attention: Li Hom / Joan King-Francois

 

		RE:	Escrow Agreement dated June 30, 2010, by and between HMS Holdings Corp. and Dennis Demetre, Lori Lewis, John Alfred Lewis and
Christopher Brandon Lewis

 

Dear Ms. Hom and Ms. King-Francois:

 

Pursuant to the Escrow Agreement referenced above, JP Morgan
Chase Bank is currently holding funds in Account Number XXXXXXXXXXXXXXX (the “Escrow Account”). The parties to the
Escrow Agreement hereby direct JP Morgan Chase Bank to release the remaining balance of the funds, including all accrued and unpaid
interest, in the Escrow Account to HMS Holdings Corp. in accordance with the standing settlement instructions stated in Sections
11(a) and (b) of the Escrow Agreement. Please direct any questions or concerns to the following attorneys for the parties:

 

	David J. Lender	 	William L. Carr
	Weil, Gotshal & Manges LLP	 	White, Graham, Buckley & Carr
	767 Fifth Avenue	 	19049 E. Valley View Parkway, Suite C
	New York, NY 10153	 	Independence, MO 64055
	Telephone: (212) 310-8000	 	Telephone: (816) 373-9080
	Attorney for HMS Holdings Corp.	 	Attorney for Demetre/Lewis

 

Thank you for your prompt attention to this matter.

 

 

	/s/ Jeffrey S. Sherman	 	 
	HMS Holdings Corp.	 	Dennis Demetre
	By: Jeffrey S. Sherman	 	 
	Executive Vice President,	 	 
	Chief Financial Officer, and Treasurer	 	 
	 	 	Lori Lewis
	 	 	 
	 	 	 
	 	 	Christopher Brandon Lewis
	 	 	 
	 	 	 
	 	 	John Alfred Lewis

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