Document:

<Page>

                                                                    Exhibit 10.1

                                   KANBAY LLC

                       1998 NON-QUALIFIED UNIT OPTION PLAN

     The Kanbay LLC 1998 Non-Qualified Unit Option Plan (the "Plan") is intended
to promote the long-term success of Kanbay LLC ("Kanbay"), its subsidiaries, and
its equity holders by strengthening Kanbay's ability to attract and retain
highly competent executives and other selected employees and to provide a means
to encourage Unit ownership, proprietary interest in Kanbay, and entrepreneurial
perspectives. The Plan is not intended to qualify as an "employee stock purchase
plan" within the meaning of Section 423 of the United States Internal Revenue
Code of 1986, as amended, nor will the options awarded pursuant to this Plan
qualify for the tax treatment afforded incentive stock options pursuant to
Sections 421 and 422 of the Internal Revenue Code.

 1.  DEFINITIONS

     All capitalized terms used herein but not defined in this Section 1 or
elsewhere in this Plan shall have the meanings ascribed to them in the LLC
Agreement.

     (a)  "Committee" shall mean Kanbay's Compensation Committee, as appointed
by the Managers from time to time and responsible for administering the Plan as
set forth in Section 4 hereof, or any other committee of Kanbay that succeeds to
the responsibilities of administering this Plan. In the event that no
Compensation Committee is appointed, the Managers shall serve as the
"Committee."

     (b)  "Consultant" shall mean a person or entity that provides consulting
services for Kanbay or for any of its subsidiaries pursuant to an agreement and
is not an Employee of Kanbay.

     (c)  "Date of Grant" shall mean the day and year written in the Option
Agreement relating to such Option.

     (d)  "Disability" shall mean any medically determinable physical or mental
impairment that, in the opinion of the Managers, based upon medical reports and
other evidence satisfactory to the Managers, can reasonably be expected to
prevent an individual from performing substantially all of his or her customary
duties for a continuous period of not less than twelve (12) months.

     (e)  "Employee" shall mean any employee of Kanbay or of any of its
subsidiaries. Any references to employment with Kanbay shall be deemed to
include Kanbay and any subsidiary of Kanbay, as the context may require.

     (f)  "Exercise Price" shall mean the purchase price for Units purchased
pursuant to the exercise or partial exercise of an Option.

<Page>

     (g)  "Fair Market Value" shall mean, with respect to the valuation of any
Units, (i) if the Unit is publicly traded, the closing price of the Unit on the
trading day immediately preceding the business day during which the Units are to
be valued pursuant hereto, and (ii) if the Unit is not publicly traded, the fair
market value of the Units as reasonably determined by the Managers consistent
with past practice.

     (h)  "LLC Agreement" shall mean the Amended and Restated Limited Liability
Company Agreement of Kanbay LLC effective August 24, 1998, as amended by the
Members from time to time.

     (i)  "Option" shall mean any right to purchase Units which has been awarded
by Kanbay pursuant to the Plan.

     (j)  "Option Agreement" shall mean an agreement authorized by the Committee
and executed by an Officer of Kanbay and the Employee evidencing the award of an
Option.

     (k)  "Option Units" shall mean the Units transferred pursuant to the
exercise of an Option.

     (l)  "Optionee" shall mean any Employee or Consultant who is granted an
Option pursuant to the Plan.

     (m)  "Transferee" shall mean any recipient of any transfer by Optionee
permitted under the Plan.

 2.  UNITS SUBJECT TO THE PLAN

     Except as provided in Section 3 hereof, the aggregate number of Units for
which Options may be awarded hereunder shall not exceed one million four hundred
twenty nine thousand fifty nine (1,429,059) of Kanbay's authorized Common Units
at any time. Units subject to awards under the Plan which expire, terminate, do
not vest or are canceled prior to exercise shall thereafter be available for the
granting of other awards. Units which have been exchanged by an Employee as full
or partial payment to Kanbay in connection with any award under the Plan also
shall thereafter be available for the granting of other awards. In addition, any
Units issued pursuant to awards hereunder that have been repurchased by Kanbay
may again be made subject to the Plan.

3.   ADJUSTMENT

     (a)  In the event of any Unit dividend, Unit split, combination or exchange
of Units, merger, consolidation, spin-off, recapitalization or other
distribution (other than normal cash distributions) of Company assets to
Members, or any other change affecting number of Units or Unit price, such
proportionate adjustments, if any, as the Committee in its discretion may deem
appropriate to reflect such change shall be made with respect to (i) the
aggregate number of Units that may be issued under the Plan; (ii) each
outstanding award made under the Plan; and (iii) the Exercise Price for any
outstanding Options.

KANBAY LLC                                   1998 NON-QUALIFIED UNIT OPTION PLAN

                                      - 2 -
<Page>

     (b)  The number of Units subject to the Plan and Options shall not be
adjusted as a result of the issuance of Units by Kanbay (other than an issuance
described in subsection ((a)) of this Section 3), it being understood that, upon
such an issuance of Units, holders of Options and holders of Option Units will
have a corresponding dilution of their proportionate interests in the Units.

4.   ADMINISTRATION OF THE PLAN

     (a)  The Plan shall be administered by the Committee.

     (b)  The Committee is authorized (but only to the extent not contrary to
the express provisions of the Plan) to interpret the Plan, to prescribe, amend
and rescind rules and regulations relating to the Plan and to the Options, to
determine the form and content of Options (except to the extent the form and
content of the Options are specified herein), and to make such other
determinations and exercise such other powers and authority as may be necessary
or advisable for the administration of the Plan. Each Option awarded shall be
evidenced by an Option Agreement in such form as may be determined by the
Committee, subject to any requirements under this Plan.

     (c)  A majority of the members of the Committee eligible to act shall
constitute a quorum for purposes of acting with respect to the Plan and the
action of a majority of the members present who are eligible to act at any
meeting at which a quorum is present shall be deemed the action of the
Committee.

     (d)  All decisions, determinations and interpretations of the Committee
made in good faith with respect to the Plan and Option Agreements shall be final
and conclusive on all persons affected thereby.

 5.  ELIGIBILITY

     Any Employee and any Consultant shall be eligible to receive one or more
awards under the Plan. The Committee will select the particular Employees and
Consultants who will be awarded Options and the number of Units offered pursuant
to each such Option. In awarding Options, the Committee shall take into
consideration the contribution the Employee or Consultant has made or may make
to the success of Kanbay and such other factors as the Committee shall
determine. In no event shall any party or its legal representatives, heirs,
legatees, distributees or successors, as applicable, have any right to receive
an award under the Plan except to such extent, if any, as the Committee shall
determine.

 6.  PERMITTED TRANSFERS

     (a)  Notwithstanding the prohibitions set forth below in Section 8, each
Optionee shall be permitted at all times to transfer any or all of the Options,
or, in the event the Options have not yet been issued to the Optionee, the
Company shall be permitted to issue any or all of the Options, to certain trusts
designated by the Optionee as long as such transfer or issuance is made as a
gift (i.e., a transfer for no consideration, with donative intent), whether
during lifetime or to take effect upon (or as a consequence of) his death, to
his spouse or children. Gifts in trust shall be deemed gifts to every
beneficiary and contingent beneficiary, and so shall not be permitted

KANBAY LLC                                   1998 NON-QUALIFIED UNIT OPTION PLAN

                                      - 3 -
<Page>

under this Section if the beneficiaries or contingent beneficiaries shall
include anyone other than such spouse or children. Transfers to a spouse or
child for consideration, regardless of the amount, shall not be permitted under
this Section.

     (b)  Transfers to a spouse or children that are incident or pursuant to a
divorce or dissolution of marriage or marital separation, regardless of whether
voluntary or pursuant to an agreement or pursuant to a court order, shall not be
deemed permitted under this Agreement; they shall be deemed non-permitted
transfers and shall be subject to the provisions of Section 8 hereof. In the
event that a permitted transfer is made to a spouse pursuant to this Section and
the marriage subsequently terminates as the result of a divorce, dissolution of
marriage or marital separation, the Options so transferred shall terminate
immediately upon such termination of the marriage and such Options shall be void
without further action by Kanbay and shall have no effect.

     (c)  Any Options issued or transferred under this Section shall be subject
to all terms and conditions contained herein governing Options and holders of
Options. In the event the Optionee's relationship with the Company is
terminated, the Company shall have the right to repurchase any or all of the
Option Units granted under this Section in accordance with Section 8, and any
unvested portion of any Option shall terminate in accordance with Section 10.

7.   TERM OF THE PLAN

     The Plan shall become effective upon the date it is approved by the
Managers of Kanbay and shall continue in effect until terminated pursuant to
Section 20 hereof or until there are no more Units as to which Options may be
awarded and no Options are outstanding; provided, however, that all Options must
be awarded within ten (10) years from the effective date of the Plan.

8.   RESTRICTIONS ON TRANSFERS

     Notwithstanding anything to the contrary herein, and subject to Section 11
hereof, an Option may not be sold, exchanged, assigned, mortgaged, pledged,
encumbered, hypothecated, gifted, devised, or otherwise transferred in any way,
whether voluntarily or involuntarily, by operation of law or otherwise, and will
not be subject to execution, attachment or similar process, except by will,
under the laws of descent and distribution or as set forth in Section 6. An
Option will terminate immediately upon any attempted transfer in violation of
this Section 8 and such Option will be void without further action by Kanbay and
shall have no effect.

9.   REPURCHASE OPTION

     The Option Agreement shall provide that the Option Units are subject to the
rights of Kanbay to repurchase or acquire the Option Units, as follows:

     (a)  If, after an Optionee or Transferee acquires Option Units, the
Optionee ceases to be an Employee or Consultant for any reason, Kanbay shall
have the right to repurchase all or any portion of such Option Units for the
Exercise Price paid by the Optionee or Transferee. With

KANBAY LLC                                   1998 NON-QUALIFIED UNIT OPTION PLAN

                                      - 4 -
<Page>

respect to Options exercised after the Optionee ceases to be an Employee or
Consultant, Kanbay may purchase such Option Units for a price equal to the
Exercise Price for such Units. Kanbay may exercise its right to purchase Option
Units pursuant to this paragraph at any time within six (6) months after the
later of (i) the date the Optionee ceases to be an Employee or Consultant; and
(ii) the date the relevant Option was exercised.

     (b)  The purchase price for Option Units re-acquired by Kanbay pursuant to
either of the immediately preceding paragraphs may be paid, at the election of
Kanbay, either in a lump sum cash payment or pursuant to an installment note
with a maturity of not greater than five (5) years. In the case of an
installment note, interest shall accrue on the declining principal balance of
such note at a rate of interest equal to the "Prime Rate" as published in the
WALL STREET JOURNAL on the date such installment note is issued. The purchase
price will be payable in equal monthly installments of principal and interest
and Kanbay shall have the right to prepay the outstanding principal balance at
any time without premium or penalty.

     (c)  The purchase options described in this Section shall not apply if the
Units are publicly traded on a recognized national or international public
securities market as of the later of (i) the date the Employee ceases to be an
Employee or the Consultant ceases to perform work for Kanbay; and (ii) the date
the Option is exercised.

10.  VESTING OF OPTIONS

     Options are exercisable only upon and after vesting. Except as provided in
Section 11 below and except as otherwise may be specifically provided in an
Option Agreement, Options awarded to Optionees shall vest according to the
following schedule:

     (a)  one-quarter on the first anniversary of the Date of Grant;

     (b)  an additional one-quarter on the second anniversary of the Date of
Grant;

     (c)  an additional one-quarter on the third anniversary of the Date of
Grant; and

     (d)  the remaining one-quarter on the fourth anniversary of the Date of
Grant.

     The above vesting schedule assumes the Optionee's continuous employment or
consulting relationship with Kanbay. Except as provided in Section 11 hereof or
as the Committee may determine in its sole discretion on a case by case basis,
no Option shall vest after the date the Optionee ceases to be an Employee or
Consultant for any reason, whether such Option is held by the Optionee or a
Transferee thereof, and any unvested portion of any Option theretofore held by
such an Optionee or Transferee shall terminate as of that date.

11.  SPECIAL VESTING PROVISIONS

     (a)  Notwithstanding anything to the contrary in Section 10 hereof, if an
Optionee dies or suffers a Disability during the vesting period described in
Section 10 hereof and the Optionee was an Employee or Consultant at the time of
such death or Disability, the unvested portion of

KANBAY LLC                                   1998 NON-QUALIFIED UNIT OPTION PLAN

                                      - 5 -
<Page>

any Option held by such Optionee or any Transferee thereof shall automatically
vest on the date of death or Disability.

     (b)  Notwithstanding anything to the contrary in Section 10 hereof and
except as may be specifically provided in an Option Agreement, the vesting
period described in Section 10 hereof will be suspended during the pendency of
any bona fide leave of absence approved by Kanbay and the vesting period will be
increased by the length of time of such leave of absence. Notwithstanding the
foregoing or anything in this Plan to the contrary, any Option which would, by
the operation of this paragraph, vest after the tenth anniversary of its
original Date of Grant shall terminate on the tenth anniversary of its original
Date of Grant and in no event shall an Optionee or Transferee be permitted to
exercise any Option after the tenth anniversary of the original Date of Grant.
For all purposes of this Plan other than this paragraph, the "Date of Grant" and
the anniversaries thereof will be adjusted with respect to any such Options as
necessary to give effect to this paragraph. This paragraph shall have no effect
on Options, or portions thereof, which, by their terms, are vested prior to
the first day of an Employee's leave of absence.

12.  ACCELERATION AND SETTLEMENT OF AWARDS

     The Committee shall have the discretion, exercisable at any time before a
sale, merger, consolidation, reorganization, liquidation or change of control of
Kanbay, as defined by the Committee, to provide for the acceleration of vesting
and for settlement, including cash payment of an award granted under the Plan,
upon or immediately before the effectiveness of such event. However, the
granting of awards under the Plan shall in no way affect the rights of Kanbay to
adjust, reclassify, reorganize or otherwise change its capital or business
structure, or to merge, consolidate, dissolve, liquidate, sell or transfer all
or any portion of its businesses or assets.

13.  WHEN OPTIONS MAY BE EXERCISED

     (a)  Except as provided in subsection (b) of this Section 13, the vested
portion of an Option may be exercised by the Optionee or Transferee at any time
before the tenth anniversary of its Date of Grant.

     (b)  In the event of any termination of employment or consulting
relationship, other than a termination resulting from death or Disability of an
Optionee, the vested portion of the outstanding Options held by such Optionee or
any Transferee thereof shall be exercisable only to the extent that they were
exercisable on the date of such termination and shall expire sixty (60) days
after such termination or on their stated expiration date, whichever occurs
first.

     (c)  If an Optionee dies or suffers a Disability, such Optionee's
outstanding Options (including those subject to accelerated vesting pursuant to
Section 11 and any held by a Transferee thereof) shall expire on the first
anniversary of the date of such Optionee's death or Disability, regardless of
the stated expiration dates of such Options.

KANBAY LLC                                   1998 NON-QUALIFIED UNIT OPTION PLAN

                                      - 6 -
<Page>

14.  EXERCISE PRICE

     The Committee shall, from time to time, set the Exercise Price which shall
be an amount equal to or greater than the Fair Market Value on the Date of
Grant.

15.  EXERCISE OF OPTION

     (a)  During the Optionee's lifetime, Options shall be exercisable only by
the Optionee, the Transferee, or the Optionee's legal representative or
guardian. Options shall not be exercisable by the spouse of any Optionee during
such Optionee's lifetime unless such spouse is acting in the capacity of legal
representative or guardian of the Optionee. In the event of the Optionee's
death, the Option shall be exercisable by the person or entity (including the
Optionee's estate) that has obtained the Optionee's rights under the Option by
will or under the laws of descent and distribution.

     (b)  Options shall be exercised if at all, by submitting to Kanbay: (i) a
written notice of exercise referencing the Option Agreement under which the
Options were granted, the number of Units as to which the Option is being
exercised, the manner of payment for the Units, an agreement to be bound by the
terms of the LLC Agreement with respect to the Option Units, the name and
address to which the Option certificates are to be delivered, and such other
information as the Committee may require; (ii) any other written
representations, covenants, and undertakings that Kanbay may prescribe pursuant
to any Member agreements or to satisfy securities laws and regulations or other
requirements, and (iii) the full purchase price of the Units in cash or such
other method permitted by the Committee.

     (c)  Upon receipt of the notice of exercise (subject to Sections 16, 17,
and 18 of this Plan), Kanbay may issue a new certificate or certificates to the
holder of the Option. The certificate or certificates for the Units as to which
the Option shall have been exercised shall be registered in the name of the
holder of the Option and shall be delivered to the holder of the Option. In
addition to any other legends required to appear on the certificates, the
certificates shall bear a legend substantially in the following form:

          The units subject to this certificate are subject to transfer
          restrictions set forth in the Kanbay LLC 1998 Non-Qualified Unit
          Option Plan (the "Plan"). Copies of the Plan are on file in the Office
          of the Secretary of Kanbay. By accepting the Units evidenced by this
          certificate, the holder agrees to be bound by the Plan as it may be
          amended from time to time.

16.  SECURITIES LAW RESTRICTIONS

     (a)  Kanbay shall not be obligated to issue any Unit certificates
evidencing a transfer upon exercise of an Option until, in the opinion of Kanbay
and its counsel, such transfer and issuance of Unit certificates will not
violate of applicable federal, state, or foreign securities laws, the rules and
regulations promulgated thereunder, and the requirements of any securities
exchange upon which the Unit may then be listed. Acceptance of an Option by an
Optionee or

KANBAY LLC                                   1998 NON-QUALIFIED UNIT OPTION PLAN

                                      - 7 -
<Page>

Transferee shall constitute the Optionee's or Transferee's agreement (binding on
any person who succeeds to the Optionee's rights and obligations under the
Option Agreement by reason of the Optionee's death) that, if the Units are not
publicly traded as of the date the Option is exercised, any Units purchased upon
the exercise of the Option shall be acquired for the Optionee's or Transferee's
own account and not with a view to distribution and that each notice of the
exercise of any portion of the Option shall be accompanied by a written
representation and covenant signed by the Optionee or Transferee, in such form
as may be specified by Kanbay, confirming such agreement and containing such
other provisions as may be prescribed by Kanbay. Kanbay may, at its election,
release an Optionee or Transferee from the Optionee's or Transferee's agreement
to take for the Optionee's or Transferee's own account and not with a view to
distribution of the Units purchased upon exercise of an Option if, in the
opinion of Kanbay, such covenant ceases to be necessary for compliance with the
applicable securities laws (including the rules and regulations promulgated
thereunder) and the requirements of any securities exchange upon which the Units
may then be listed.

     (b)  If the Units purchased upon exercise of an Option are not covered by
an effective registration statement under the Securities Act of 1933, as
amended, Kanbay may place an appropriate legend upon the certificate or
certificates representing such Units.

17.  LISTING OR REGISTRATION OF UNITS

     Each Option is subject to the requirement that, if at any time the Managers
shall determine, in their discretion, that the listing, registration or
qualification of the Units subject to the Option upon any securities exchange or
under any federal, state or foreign law, or the consent or approval of any
government regulatory body, is necessary or desirable as a condition of, or in
connection with, the awarding or exercise of the Option or the issuance or
purchase of Units under the Option, the Option may not be exercised in whole or
in part until such listing, registration, qualification, consent or approval
shall have been effected or obtained free of any conditions not acceptable to
the Managers. Kanbay shall be under no obligation to effect or obtain any such
listing, registration, qualification, consent or approval if the Managers shall
determine, in their discretion, that such action would not be in the best
interests of Kanbay. Kanbay shall not be liable for damages due to a delay in
the delivery or issuance of any Unit certificates for any reason whatsoever,
including, but not limited to, a delay caused by listing, registration or
qualification of the Units subject to an Option under any securities exchange or
under any federal, state or foreign law, or by the effecting or obtaining of any
consent or approval of any governmental body with respect to the awarding or
exercise of the Option or the issue or purchase of Units under the Option.

18.  WITHHOLDING OF TAXES

     The Committee may make such provisions and take such steps as it may deem
necessary or appropriate for the withholding of any taxes which Kanbay is
required by any law or regulation of any governmental authority, whether
federal, state or local, domestic or foreign, to withhold in connection with any
Option, including, but not limited to, the withholding of the issuance of all or
any portion of the Units subject to the Option until the holder of the Option

KANBAY LLC                                   1998 NON-QUALIFIED UNIT OPTION PLAN

                                      - 8 -
<Page>

reimburses Kanbay for the amount required to be withheld with respect to such
taxes, canceling any portion of the issuance of the Units subject to the Option
in an amount sufficient to reimburse Kanbay for such amount, deducting from the
Optionee's compensation an amount sufficient to reimburse Kanbay for such
amount, or taking any other action reasonably required to satisfy the
withholding obligation of Kanbay.

19.  MODIFICATION OF OPTIONS

     At any time and from time to time the Committee may provide for the
modification, extension, or renewal of any outstanding Option, provided that no
such modification, extension or renewal shall impair the Option in any respect
without the consent of the holder of the Option.

20.  AMENDMENT AND TERMINATION OF THE PLAN

     The Plan may be amended by the Managers as they deem necessary or
appropriate to better achieve the purposes of the Plan, except that no amendment
that would increase the number of Units available for issuance in accordance
with Sections 2 and 3 shall be made without the approval of the Members. The
Managers may suspend the Plan or terminate the Plan at any time; provided, that
no such action shall adversely affect any outstanding benefit. Any Units
authorized under Section 2 (or any amendment thereof) with respect to which no
award is granted prior to termination of the Plan, or with respect to which an
award is terminated, forfeited or canceled after termination of the Plan, shall
automatically be transferred to any subsequent stock incentive plan or similar
plan for employees of Kanbay and its subsidiaries.

21.  MEMBER RIGHTS

     A holder of an Option shall have none of the rights of a Member with
respect to the Units subject to the Option until the transfer of such Units to
such holder has been duly recorded on the Unit transfer books of Kanbay upon the
exercise of the Option and such holder has executed an agreement to be bound by
the terms of the LLC Agreement. Upon such exercise and recording, the holder of
an Option shall be admitted as a Member of Kanbay for purposes of the LLC
Agreement.

22.  UNFUNDED PLAN

     Unless otherwise determined by the Committee, the Plan shall be unfunded
and shall not create (or be construed to create) a trust or a separate fund or
funds. The Plan shall not establish any fiduciary relationship between Kanbay
and any participant or other person. To the extent any person holds any rights
by virtue of an award granted under the Plan, such rights shall be no greater
than the rights of an unsecured general creditor of Kanbay.

23.  EMPLOYMENT RIGHTS

     The Plan does not constitute a contract of employment and participation in
the Plan will not give a participant the right to continue in the employ of
Kanbay or any of the subsidiaries on a full-time, part-time or any other basis.
Participation in the Plan will not give any participant

KANBAY LLC                                   1998 NON-QUALIFIED UNIT OPTION PLAN

                                      - 9 -
<Page>

any right or claim to any benefit under the Plan unless such right or claim has
specifically accrued under the terms of the Plan.

24.  GOVERNING LAW

     The validity, construction and effect of the Plan and any actions taken or
relating to the Plan shall be determined in accordance with the laws of the
State of Illinois and applicable federal law.

25.  EFFECTIVE DATE

     The Kanbay LLC 1998 Non-Qualified Unit Option Plan is hereby adopted by
Kanbay as of November 11, 1998.

KANBAY LLC                                   1998 NON-QUALIFIED UNIT OPTION PLAN

                                      - 10-
<Page>

                                  AMENDMENT TO

                                   KANBAY LLC
                       1998 NON-QUALIFIED UNIT OPTION PLAN

           (Relating to the Conversion of Kanbay LLC to a Corporation)

REFERENCE TO PLAN.

     Reference is hereby made to that certain Kanbay LLC 1998 Non-Qualified Unit
Option Plan (as amended, the "Plan"). As used herein, the term "Plan" shall
refer to the Kanbay LLC 1998 Non-Qualified Unit Option Plan, as amended prior to
date hereof and by this Amendment. The terms used herein which are defined in
the Plan shall have the meanings provided for in the Plan, unless otherwise
defined herein. Except as expressly modified hereby, all of the terms and
provisions of the Plan shall continue in full force and effect, A copy of this
Amendment shall be attached to and made a part of the Plan.

BACKGROUND.

     The Managers and Members of Kanbay LLC (the "Company") have approved the
conversion (the "Conversion") of the Company into a corporation to be named
Kanbay International, Inc. ("Kanbay International"). In order to preserve the
outstanding Options, the Plan is being modified to provide that, upon
consummation of the Conversion, all Options that were previously exercisable for
Common Units of the Company, will be instead exercisable for shares of Common
Stock of the Kanbay International. In addition, upon the consummation of the
Conversion, Kanbay International will assume all obligations under the Plan.

GLOBAL AMENDMENTS TO PLAN.

     The Plan is hereby amended by deleting all references to limited liability
company-related attributes and replacing such references with their
corporate-related counterparts. Specifically, but not in limitation of the
preceding sentence, all references to:

          "COMMON UNITS" shall be deemed to be references to "shares of Common
          Stock" or "Common Stock" as the context may require;

          "KANBAY LLC" shall be deemed to be references to "Kanbay
          International, Inc.";

          "KANBAY LLC 1998 NON-QUALIFIED UNIT OPTION PLAN" shall be deemed to be
          references to the "Kanbay International 1998 Non-Qualified Option
          Plan";

          "LLC AGREEMENT" shall be deemed to be references to the "Stockholders'
          Agreement";

<Page>

          "MANAGERS" shall be deemed to be references to "Board of Directors" or
          "Directors" as the context may require;

          "MEMBERS" shall be deemed to be references to "Stockholders";

          "OPTION UNITS" shall be deemed to be references to "Option Stock";

          "PREFERRED UNITS" shall be deemed to be references to "shares of
          Preferred Stock" or "Preferred Stock" as the context may require; and

          "UNITS" shall be deemed to be references to "shares of Stock" or
          "Stock" as the context may require.

and, in addition to the foregoing, all other definitions and references in each
Option granted under the Plan referring to limited liability company-related
attributes shall be deemed to be defined as or references to their
corporate-related counterparts.

AMENDMENT TO SECTION 1 OF THE PLAN.

The following definitions are hereby added to Section 1 of the Plan:

          "Stockholders' Agreement" shall mean the Stockholders' Agreement by
 and among Kanbay and its Stockholders.

AMENDMENT TO SECTION 21 OF THE PLAN.

     Section 21 of the Plan is amended by deleting the last sentence of that
section.

EFFECTIVE DATE.

This Amendment to the Plan is hereby adopted by the Managers as of July 31, 2000
and shall become effective as of the consummation of the Conversion.

                                                                      Kanbay LLC<Page>
                                                                    Exhibit 10.9

                        FORM OF INDEMNIFICATION AGREEMENT

     This Indemnification Agreement ("Agreement") is made as of this _____ day
of ___________, 200_ by and between Kanbay International, Inc., a Delaware
corporation (the "Company"), and the undersigned officer, director or employee
of the Company or any subsidiary ("Indemnitee").

     WHEREAS, the Company and Indemnitee recognize the increasing difficulty in
obtaining directors' and officers' liability insurance, the significant
increases in the cost of such insurance and the general reductions in the
coverage of such insurance;

     WHEREAS, the Company and Indemnitee further recognize the substantial
increase in corporate litigation in general, subjecting officers, directors and
employees to expensive litigation risks at the same time as the availability and
coverage of liability insurance has been severely limited; and

     WHEREAS, the Company desires to attract and retain the services of highly
qualified individuals such as Indemnitee to serve as officers, directors or
employees of the Company or any subsidiary and to indemnify such officers,
directors and employees so as to provide them with the maximum protection
permitted by law.

     NOW THEREFORE, in consideration for Indemnitee's services as an officer,
director or employee of the Company or any subsidiary, the Company and
Indemnitee hereby agree as follows:

     1. INDEMNIFICATION.

          (a) THIRD PARTY PROCEEDINGS. The Company shall indemnify Indemnitee if
Indemnitee is or was a party or is threatened to be made a party to any
threatened, pending or completed action, suit, proceeding or any alternative
dispute resolution mechanism, whether civil, criminal, administrative or
investigative (other than an action by or in the right of the Company) by reason
of the fact that Indemnitee is or was a director, officer, employee or agent of
the Company or any subsidiary of the Company, by reason of any action or
inaction on the part of Indemnitee while a director, officer, employee or agent
of the Company or any subsidiary of the Company or by reason of the fact that
Indemnitee is or was serving at the request of the Company or any subsidiary of
the Company as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise, against expenses
(including attorneys' fees), judgments, fines and amounts paid in settlement (if
such settlement is approved in advance by the Company, which approval shall not
be unreasonably withheld) actually and reasonably incurred by Indemnitee in
connection with such action, suit or proceeding if Indemnitee acted in good
faith and in a manner Indemnitee reasonably believed to be in or not opposed to
the best interests of the Company or any subsidiary of the Company and, with
respect to any criminal action or proceeding, had no reasonable cause to believe
Indemnitee's conduct was unlawful. The termination of any action, suit or
proceeding by judgment, order, settlement or conviction, or upon a plea of NOLO
CONTENDERE or its equivalent, shall not, of itself, create a presumption that
Indemnitee did not act in good faith and in a manner which Indemnitee reasonably
believed to be in or not opposed to the best interests of the Company or any

<Page>

subsidiary of the Company and, with respect to any criminal action or
proceeding, had reasonable cause to believe that Indemnitee's conduct was
unlawful.

          (b) PROCEEDINGS BY OR IN THE RIGHT OF THE COMPANY. The Company shall
indemnify Indemnitee if Indemnitee was or is a party or is threatened to be made
a party to any threatened, pending or completed action or suit by or in the
right of the Company or any subsidiary of the Company to procure a judgment in
its favor by reason of the fact that Indemnitee is or was a director, officer,
employee or agent of the Company or any subsidiary of the Company, by reason of
any action or inaction on the part of Indemnitee while a director, officer,
employee or agent of the Company or any subsidiary of the Company or by reason
of the fact that Indemnitee is or was serving at the request of the Company or
any subsidiary of the Company as a director, officer, employee or agent of
another corporation, partnership, joint venture, trust or other enterprise,
against expenses (including attorneys' fees) and, to the fullest extent
permitted by law, amounts paid in settlement actually and reasonably incurred by
Indemnitee in connection with the defense or settlement of such action or suit
if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed
to be in or not opposed to the best interests of the Company or any subsidiary
of the Company, except that no indemnification shall be made in respect of any
claim, issue or matter as to which Indemnitee shall have been adjudged to be
liable to the Company or any subsidiary of the Company unless and only to the
extent that the Court of Chancery of the State of Delaware or the court in which
such action or suit was brought shall determine upon application that, despite
the adjudication of liability but in view of all the circumstances of the case,
Indemnitee is fairly and reasonably entitled to indemnity for such expenses
which the Court of Chancery of the State of Delaware or such other court shall
deem proper.

          (c) MANDATORY PAYMENT OF EXPENSES. To the extent that Indemnitee has
been successful on the merits or otherwise in defense of any action, suit or
proceeding referred to in subsections (a) and (b) of this Section 1, or in
defense of any claim, issue or matter therein, Indemnitee shall be indemnified
against expenses (including attorneys' fees) actually and reasonably incurred by
Indemnitee in connection therewith.

     2. AGREEMENT TO SERVE. In consideration of the protection afforded by this
Agreement, if Indemnitee is a director of the Company, he or she agrees to serve
at least for the six months after the effective date of this Agreement as a
director and not to resign voluntarily during such period without the written
consent of a majority of the Board of Directors of the Company. If Indemnitee is
an officer of the Company or any subsidiary of the Company not serving under an
employment contract, he or she agrees to serve in such capacity at least for the
balance of the current fiscal year of the Company or such subsidiary of the
Company and not to resign voluntarily during such period without the written
consent of a majority of the Board of Directors of the Company. Following the
applicable period set forth above, Indemnitee agrees to continue to serve in
such capacity at the will of the Company or any subsidiary of the Company (or
under separate agreement, if such agreement exists) so long as he or she is duly
appointed or elected and qualified in accordance with the applicable provisions
of the Bylaws of the Company or such subsidiary of the Company or until such
time as he or she tenders his or her resignation in writing. Nothing contained
in this Agreement is intended to create in Indemnitee any right to continued
employment.

                                       2
<Page>

     3. EXPENSES; INDEMNIFICATION PROCEDURE.

          (a) ADVANCEMENT OF EXPENSES. The Company shall advance all expenses
incurred by Indemnitee in connection with the investigation, defense, settlement
or appeal of any civil or criminal action, suit or proceeding referenced in
Section 1(a) or (b) (but not amounts actually paid in settlement of any such
action, suit or proceeding). Indemnitee hereby undertakes to repay such amounts
advanced (without interest) only if, and to the extent that, it shall ultimately
be determined that Indemnitee is not entitled to be indemnified by the Company
as authorized hereby. The advances to be made hereunder shall be paid by the
Company to Indemnitee within thirty (30) days following delivery of a written
request therefor by Indemnitee to the Company.

          (b) NOTICE/COOPERATION BY INDEMNITEE. Indemnitee shall, as a condition
precedent to his or her right to be indemnified under this Agreement, give the
Company notice in writing as soon as practicable of any claim made against
Indemnitee for which indemnification will or could be sought under this
Agreement. Notice to the Company shall be directed to the President of the
Company at the address shown on the signature page of this Agreement (or such
other address as the Company shall designate in writing to Indemnitee). Notice
shall be deemed received three (3) business days after the date postmarked if
sent by domestic certified or registered mail, properly addressed; or five (5)
business days if sent by airmail to a country outside of North America;
otherwise notice shall be deemed received when such notice shall actually be
received by the Company. In addition, Indemnitee shall give the Company such
information and cooperation as it may reasonably require and as shall be within
Indemnitee's power.

          (c) PROCEDURE. Any indemnification and advances provided for in
Section 1 and this Section 3 shall be made no later than thirty (30) days after
receipt of the written request of Indemnitee. If a claim under this Agreement,
under any statute or under any provision of the Company's Certificate of
Incorporation or Bylaws providing for indemnification is not paid in full by the
Company within thirty (30) days after a written request for payment thereof has
first been received by the Company, Indemnitee may, but need not, at anytime
thereafter, bring an action against the Company to recover the unpaid amount of
the claim and, subject to Section 13 of this Agreement, Indemnitee shall also be
entitled to be paid for the expenses (including attorneys' fees) of bringing
such action. It shall be a defense to any such action (other than an action
brought to enforce a claim for expenses incurred in connection with any action,
suit or proceeding in advance of its final disposition) that Indemnitee has not
met the standards of conduct which make it permissible under applicable law for
the Company to indemnify Indemnitee for the amount claimed. However, Indemnitee
shall be entitled to receive interim payments of expenses pursuant to Section
3(a) unless and until such defense may be finally adjudicated by court order or
judgment from which no further right of appeal exists. It is the parties'
intention that if the Company contests Indemnitee's right to indemnification,
the question of Indemnitee's right to indemnification shall be for the court to
decide, and neither the failure of the Company (including its Board of
Directors, any committee or subgroup of the Board of Directors, independent
legal counsel or its stockholders) to have made a determination that
indemnification of Indemnitee is proper in the circumstances because Indemnitee
has met the applicable standard of conduct required by applicable law, nor an
actual determination by the Company (including its Board of Directors, any
committee or subgroup of the Board of

                                       3
<Page>

Directors, independent legal counsel or its stockholders) that Indemnitee has
not met such applicable standard of conduct, shall create a presumption that
Indemnitee has or has not met the applicable standard of conduct.

          (d) NOTICE TO INSURERS. If, at the time of the receipt of a notice of
a claim pursuant to Section 3(b), the Company has directors and officers
liability insurance in effect, the Company shall give prompt notice of the
commencement of such proceeding to the insurers in accordance with the
procedures set forth in the respective policies. The Company shall thereafter
take all necessary or desirable action to cause such insurers to pay, on behalf
of Indemnitee, all amounts payable as a result of such proceeding in accordance
with the terms of such policies.

          (e) SELECTION OF COUNSEL. In the event the Company shall be obligated
under Section 3(a) to advance the expenses of any proceeding against Indemnitee,
the Company, if appropriate, shall be entitled to assume the defense of such
proceeding, with counsel approved by Indemnitee, upon the delivery to Indemnitee
of written notice of its election and approval of counsel by Indemnitee. After
the delivery of such notice, approval of such counsel by Indemnitee and
retention of such counsel by the Company, the Company shall not be liable to
Indemnitee under this Agreement for any fees of counsel subsequently incurred by
Indemnitee with respect to the same proceeding, except as provided below. The
Indemnitee shall have the right to employ his or her own counsel in any such
proceeding at Indemnitee's expense unless: (i) the employment of counsel by
Indemnitee has been previously authorized by the Company, (ii) Indemnitee shall
have reasonably concluded that there may be a material conflict of interest
between the Company and Indemnitee in the conduct of any such defense or (iii)
the Company shall not, in fact, have employed counsel to assume the defense of
such proceeding, in each of which case the fees and expenses of Indemnitee's
counsel shall be at the expense of the Company.

     4. ADDITIONAL INDEMNIFICATION RIGHTS; NONEXCLUSIVITY.

          (a) SCOPE. Notwithstanding any other provision of this Agreement, the
Company hereby agrees to indemnify Indemnitee to the fullest extent permitted by
law, notwithstanding that such indemnification is not specifically authorized by
the other provisions of this Agreement, by the Company's Certificate of
Incorporation or Bylaws or by statute. In the event of any change after the date
of this Agreement in any applicable law, statute or rule which expands the right
of a Delaware corporation to indemnify a member of its board of directors or an
officer or employee of the Company or any subsidiary of the Company, such
changes shall be, ipso facto, within the purview of Indemnitee's rights and the
Company's obligations under this Agreement. In the event of any change in any
applicable law, statute or rule which narrows the right of a Delaware
corporation to indemnify a member of its board of directors or an officer or
employee of the Company or any subsidiary of the Company, such changes, to the
extent not otherwise required by such law, statute or rule to be applied to this
Agreement, shall have no effect on this Agreement or the parties' rights and
obligations hereunder.

          (b) NONEXCLUSIVITY. The indemnification provided by this Agreement
shall not be deemed exclusive of any rights to which Indemnitee may be entitled
under the Company's Certificate of Incorporation or Bylaws, any agreement, any
vote of stockholders or disinterested directors, the General Corporation Law of
the State of Delaware (the "DGCL") or otherwise,

                                       4
<Page>

both as to action in Indemnitee's official capacity and as to action in another
capacity while holding such office. The indemnification provided under this
Agreement shall continue as to Indemnitee for any action taken or not taken
while serving in an indemnified capacity even though he or she may have ceased
to serve in such capacity at the time of any action, suit or other covered
proceeding.

     5. PARTIAL INDEMNIFICATION. If Indemnitee is entitled under any provision
of this Agreement to indemnification by the Company for some or a portion of the
expenses, judgments, fines or penalties actually or reasonably incurred by him
or her in the investigation, defense, appeal or settlement of any civil or
criminal action, suit or proceeding, but not, however, for the total amount
thereof, the Company shall nevertheless indemnify Indemnitee for the portion of
such expenses, judgments, fines or penalties to which Indemnitee is entitled.

     6. MUTUAL ACKNOWLEDGEMENT. Both the Company and Indemnitee acknowledge that
in certain instances Federal law or applicable public policy may prohibit the
Company from indemnifying its directors, officers and employees under this
Agreement or otherwise. Indemnitee understands and acknowledges that the Company
has undertaken or may be required in the future to undertake with the Securities
and Exchange Commission to submit the question of indemnification to a court in
certain circumstances for a determination of the Company's right under public
policy to indemnify Indemnitee.

     7. DIRECTORS AND OFFICERS LIABILITY INSURANCE. The Company shall, from time
to time, make a good faith determination whether or not it is practicable for
the Company to obtain and maintain a policy or policies of insurance with
reputable insurance companies providing the directors, officers and employees of
the Company or any subsidiary of the Company with coverage for losses from
wrongful acts or to ensure the Company's performance of its indemnification
obligations under this Agreement. Among other considerations, the Company will
weigh the costs of obtaining such insurance coverage against the protection
afforded by such coverage. In all policies of directors' and officers' liability
insurance, Indemnitee shall be named as an insured in such a manner as to
provide Indemnitee the same rights and benefits as are accorded to the most
favorably insured of the Company's directors, if Indemnitee is a director; or
the most favorably insured of the Company's officers, if Indemnitee is not a
director of the Company but is an officer or employee of the Company or any
subsidiary of the Company. Notwithstanding the foregoing, and subject to the
Change in Control provisions of Section 22, the Company shall have no obligation
to obtain or maintain such insurance if the Company determines in good faith
that such insurance is not reasonably available, if the premium costs for such
insurance are disproportionate to the amount of coverage provided, if the
coverage provided by such insurance is limited by exclusions so as to provide an
insufficient benefit or if Indemnitee is covered by similar insurance maintained
by a subsidiary or parent of the Company.

     8. SEVERABILITY. Nothing in this Agreement is intended to require or shall
be construed as requiring the Company to do or fail to do any act in violation
of applicable law. The Company's inability, pursuant to court order, to perform
its obligations under this Agreement shall not constitute a breach of this
Agreement. The provisions of this Agreement shall be severable as provided in
this Section 8. If this Agreement or any portion hereof shall be invalidated on
any ground by any court of competent jurisdiction, then the Company shall
nevertheless indemnify Indemnitee to the fullest extent permitted by any
applicable portion of this Agreement that shall

                                       5
<Page>

not have been invalidated, and the balance of this Agreement not so invalidated
shall be enforceable in accordance with its terms.

     9. EXCEPTIONS. Any other provision herein to the contrary notwithstanding,
the Company shall not be obligated pursuant to the terms of this Agreement:

          (a) CLAIMS INITIATED BY INDEMNITEE. To indemnify or advance expenses
to Indemnitee with respect to proceedings or claims initiated or brought
voluntarily by Indemnitee and not by way of defense, except with respect to
proceedings brought to establish or enforce a right to indemnification under
this Agreement or any other statute or law or otherwise as required under
Section 145 of the DGCL, but such indemnification or advancement of expenses may
be provided by the Company in specific cases if the Board of Directors has
approved the initiation or bringing of such suit; or

          (b) LACK OF GOOD FAITH. To indemnify Indemnitee for any expenses
incurred by Indemnitee with respect to any proceeding instituted by Indemnitee
to enforce or interpret this Agreement, if a court of competent jurisdiction
determines that each of the material assertions made by Indemnitee in such
proceeding was not made in good faith or was frivolous; or

          (c) INSURED CLAIMS. To indemnify Indemnitee for expenses or
liabilities of any type whatsoever (including, but not limited to, judgments,
fines, ERISA excise taxes or penalties, and amounts paid in settlement) which
have been paid directly to Indemnitee by an insurance carrier under a policy of
directors and officers liability insurance maintained by the Company, its parent
or any of its subsidiaries; or

          (d) CLAIMS UNDER SECTION 16(B). To indemnify Indemnitee for expenses
and the payment of profits arising from the purchase and sale by Indemnitee of
securities in violation of Section 16(b) of the Securities Exchange Act of 1934,
as amended, or any similar successor statute (the "Exchange Act").

     10.  CONSTRUCTION OF CERTAIN TERMS AND PHRASES.

          (a) For purposes of this Agreement, references to the "Company" shall
include, in addition to the resulting corporation, any constituent corporation
(including any constituent of a constituent) absorbed in a consolidation or
merger with the Company, which constituent corporation, if its separate
existence had continued, would have had power and authority to indemnify its
directors, officers, employees or agents, so that if Indemnitee is or was a
director, officer, employee or agent of such constituent corporation, or is or
was serving at the request of such constituent corporation as a director,
officer, employee or agent of another corporation, partnership, joint venture,
trust or other enterprise, Indemnitee shall stand in the same position under the
provisions of this Agreement with respect to the resulting or surviving
corporation as Indemnitee would have with respect to such constituent
corporation if its separate existence had continued.

          (b) For purposes of this Agreement, references to "other enterprises"
shall include employee benefit plans; and references to "serving at the request
of the Company" shall include any service as a director, officer, employee or
agent of the Company which imposes duties on, or involves services by, such
director, officer, employee or agent with respect to an

                                       6
<Page>

employee benefit plan or its participants or beneficiaries; and if Indemnitee
acted in good faith and in a manner Indemnitee reasonably believed to be in the
interest of the participants and beneficiaries of an employee benefit plan,
Indemnitee shall be deemed to have acted in a manner "not opposed to the best
interests of the Company" as referred to in this Agreement.

          (c) For purposes of this Agreement, a "change in control of the
Company" shall be deemed to have occurred if after the effective date: (i) as
the result of, or in connection with, any cash tender or exchange offer, merger
or other business combination, sale of all or substantially all of the assets or
contested election, or any combination of the foregoing transactions, less than
a majority of the combined voting power of the then-outstanding securities of
the Company or any successor corporation or entity entitled to vote generally in
the election of the directors of the Company or such other corporation or entity
after such transaction is held in the aggregate by the holders of the securities
of the Company entitled to vote generally in the election of directors of the
Company immediately prior to such transaction; (ii) any person or entity,
including a "group" (as defined in Section 13(d)(3) of the Exchange Act), other
than the Company, any wholly-owned subsidiary of the Company, any employee
benefit plan of the Company or any subsidiary of the Company, becomes the
beneficial owner (as defined in Rule 13d-3) of securities of the Company having
50% or more of the combined voting power of the then-outstanding securities of
the Company that may be cast for the election of directors of the Company (other
than as a result of an issuance of securities initiated by the Company in the
ordinary course of business); (iii) during any period of two consecutive years,
individuals who at the beginning of any such period constitute the directors of
the Company cease for any reason to constitute at least a majority thereof
unless the election, or the nomination for election by the stockholders of the
Company, of each new director of the Company during such period was approved by
a vote of at least two-thirds of such directors of the Company then still in
office who were directors of the Company at the beginning of any such period; or
(iv) the stockholders of the Company approve a plan of complete liquidation of
the Company.

     11. COUNTERPARTS. This Agreement may be executed in one or more
counterparts, each of which shall constitute an original.

     12. SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon the
Company and its successors and assigns and shall inure to the benefit of
Indemnitee and Indemnitee's estate, heirs, legal representatives and assigns.
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 and/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.

     13. ATTORNEYS' FEES. In the event that any action is instituted by
Indemnitee under this Agreement to enforce or interpret any of the terms hereof,
Indemnitee shall be entitled to be paid all court costs and expenses, including
reasonable attorneys' fees, incurred by Indemnitee with respect to such action,
unless as a part of such action, the court of competent jurisdiction determines
that each of the material assertions made by Indemnitee as a basis for such
action was not made in good faith or was frivolous. In the event of an action
instituted by or in the name of the Company under this Agreement or to enforce
or interpret any of the terms of this Agreement,

                                       7
<Page>

Indemnitee shall be entitled to be paid all court costs and expenses, including
attorneys' fees, incurred by Indemnitee in defense of such action (including
with respect to Indemnitee's counterclaims and cross-claims made in such
action), unless as a part of such action the court determines that each of
Indemnitee's material defenses to such action was made in bad faith or was
frivolous.

     14. NOTICE. Except as provided in Section 3(b), all notices, requests,
demands and other communications under this Agreement shall be in writing and
shall be deemed duly given (i) if delivered by hand and receipted for by the
party addressee, on the date of such receipt, or (ii) if mailed by domestic
certified or registered mail with postage prepaid, on the third business day
after the date postmarked. Addresses for notice to either party are as shown on
the signature page of this Agreement, or as subsequently modified by written
notice.

     15. CONSENT TO JURISDICTION. The Company and Indemnitee each hereby
irrevocably consent to the jurisdiction of the courts of the State of Delaware
for all purposes in connection with any action or proceeding which arises out of
or relates to this Agreement and agree that any action instituted under this
Agreement shall be brought only in the state courts of the State of Delaware.

     16. CHOICE OF LAW. This Agreement shall be governed by and its provisions
construed in accordance with the laws of the State of Delaware, as applied to
contracts between Delaware residents entered into and to be performed entirely
within Delaware without regard to the conflict of law principles thereof.

     17. PERIOD OF LIMITATIONS. No legal action shall be brought and no cause of
action shall be asserted by or in the right of the Company against Indemnitee,
Indemnitee's estate, spouse, heirs, executors or personal or legal
representatives after the expiration of two years from the date of accrual of
such cause of action, and any claim or cause of action of the Company shall be
extinguished and deemed released unless asserted by the timely filing of a legal
action within such two-year period; provided, however, that if any shorter
period of limitations is otherwise applicable to any such cause of action, such
shorter period shall govern.

     18. 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 documents required and shall do
all acts that may be necessary to secure such rights and to enable the Company
effectively to bring suit to enforce such rights.

     19. RETROACTIVITY. This Agreement shall be deemed to have been in effect
during all periods that Indemnitee was a director, officer or employee of the
Company, regardless of the date of this Agreement.

     20. AMENDMENT AND TERMINATION. No amendment, modification, termination or
cancellation of this Agreement shall be effective unless it is in writing signed
by both of the parties hereto. No waiver of any of the provisions of this
Agreement shall be deemed or shall constitute a waiver of any other provisions
hereof (whether or not similar), nor shall such waiver constitute a continuing
waiver.

                                       8
<Page>

     21. INTEGRATION AND ENTIRE AGREEMENT. Subject to the provisions of
Section 4, this Agreement sets forth the entire understanding between the
parties hereto and supersedes and merges all previous written and oral
negotiations, commitments, understandings and agreements relating to the subject
matter hereof between the parties hereto.

     22. CHANGE IN CONTROL. Notwithstanding any provision of this Agreement to
the contrary, following the occurrence of a change in control of the Company:

          (a) all determinations with respect to Indemnitee's entitlement to
indemnification and advancement of expenses shall, if requested by Indemnitee,
be made by independent legal counsel selected by Indemnitee and reasonably
acceptable to the Company, the determination of which shall be provided in
writing to the Company and Indemnitee;

          (b) Indemnitee shall be entitled to control the defense of any action,
suit, proceeding or other matter with counsel of its own choosing reasonably
acceptable to the Company, the reasonable fees and expenses of which shall be
paid by the Company promptly as incurred; provided that the Company shall not be
liable for any settlement of any such action, suit, proceeding or other matter
by Indemnitee effected without the Company's written consent, which consent
shall not be unreasonably withheld, delayed or conditioned;

          (c) the Company shall, for a period of six years after the date of the
change in control, maintain in effect with reputable insurers a policy or
policies of directors and officers liability insurance substantially equivalent
(in terms of policy terms and levels of coverage) to the policy or policies
maintained by the Company as of the date of the change in control with respect
to claims arising from or relating to actions or omissions, or alleged actions
or omissions, occurring on or prior to the date of the change in control; and

          (d) the Company shall, for a period of six years after the date of the
change in control, maintain in effect the provisions in its Certificate of
Incorporation and Bylaws providing for exculpation of director, officer and
employee liability and indemnification to the fullest extent permitted from time
to time under the laws of the State of Delaware, which provisions shall not be
amended except as required by applicable law or to make changes permitted by
applicable law that would enlarge the scope of the Indemnitee's indemnification
rights hereunder.

                            [signature page follows]

                                       9
<Page>

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

                                              KANBAY INTERNATIONAL, INC.
                                              a Delaware Corporation

                                              By:
                                                 -------------------------------
                                              Name:
                                                   -----------------------------
                                              Title:
                                                    ----------------------------

                                              ADDRESS FOR NOTICE:

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

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

<Page>

AGREED TO AND ACCEPTED:

INDEMNITEE:

By:
   --------------------------------
Name:
     ------------------------------
Title:
      -----------------------------

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00062-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00062-of-00352.parquet"}]]