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                                                              Exhibit 10.1
                                                              ------------

                        CEMETERY ACCOUNTS RECEIVABLE
                        ----------------------------
                             PURCHASE AGREEMENT
                             ------------------

     THIS AGREEMENT made and entered into this 29th day of November, 2001
by and between Hollywood Forever, Inc., a California corporation ("Seller")
and Allegiant Bank, Trustee under Trust for National Prearranged Services,
Inc. Pre-Need/Plans dated 7/24/98 - Trust IV ("Buyer").

     WHEREAS, Seller owns and operates the Hollywood Forever Cemetery
("Cemetery");

     WHEREAS, in the ordinary course of operations, Seller generates
Cemetery mausoleum accounts receivable from the purchasers of internment
spaces ("Cemetery Accounts Receivable");

     WHEREAS, Seller desires to sell the Cemetery Accounts Receivable to
Buyer and Buyer desires to purchase same.

     NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto agree as
follows:

     1.    Purchase of Cemetery Accounts Receivable. Buyer shall purchase up
           -----------------------------------------
to One Million Four Hundred Thousand Dollars ($1,400,000.00) of Cemetery
Accounts Receivable in the aggregate aged forty five (45) days or less, free
and clear of all liens and encumbrances. The Cemetery Accounts Receivable
shall be purchased at eighty five percent (85%) of the aggregate principal
amounts owed by the respective debtors. The Cemetery Accounts Receivable
will be purchased in accordance with the schedule attached hereto as Exhibit
A. Buyer shall purchase each group of accounts receivable pursuant to the
form of Bill of Sale and Assignment attached hereto as Exhibit B up to the
maximum aggregate amount of Cemetery Accounts Receivable to be purchased
hereunder. Upon receipt of an original executed Bill of Sale, Buyer shall
pay to Seller the aggregate principal amount of Cemetery Accounts Receivable
being purchased by immediately available funds.

     2.    Cemetery Account Receivable Payments. All payments for purchased
           -------------------------------------
Cemetery Accounts Receivable will be forwarded to Buyer each month by Seller
as agent for Buyer on the fifth (5th) day of each month by Seller for the
preceding month, accompanied by an individual account breakdown. Buyer may
elect at its discretion to have all payments for purchased Cemetery Accounts
Receivable to be sent to a "lockbox" bank account to be established by
Buyer. The underlying original documentation for the Purchased Cemetery
Accounts Receivable shall be forwarded to Buyer upon its request.

     3.    Seller Representations and Warranties. Seller hereby represents
           --------------------------------------
and warrants to Buyer the following, which representations and warranties
shall survive the assignment made hereunder:

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           a)    The Cemetery Accounts Receivable sold to Buyer hereunder
                 are valid and legally enforceable obligations of the
                 respective debtors. All of the Cemetery Accounts Receivable
                 sold or to be sold to Buyer are aged 45 days or less and
                 are subject to no offset or other debtor claim.
           b)    Seller has good and marketable title to the Cemetery
                 Accounts Receivable free and clear of any and all liens,
                 security interests or any other encumbrances.
           c)    Seller has full power and authority to make the assignments
                 of Cemetery Accounts Receivable set forth herein.

     4.    Further Instruments. At any time or from time to time after the
           --------------------
date hereof, Seller shall execute and deliver or cause to be executed and
delivered to Buyer Bill of Sale and Assignment and such other instruments
and take such other actions as the Buyer may reasonably request to carry out
the intent and purchased purpose of this Agreement and to effectively vest
perfect and record title to the Cemetery Accounts Receivable in the Buyer.

     5.    Governing Law. This Agreement shall be governed by the laws of
           --------------
the State of Missouri.

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

                                              HOLLYWOOD FOREVER, INC.

                                         By:  /s/ J. Tyler Cassity
                                              ------------------------------
                                              J. Tyler Cassity, President

                                                       "Seller"

                                              ALLEGIANT BANK, TRUSTEE UNDER
                                              TRUST FOR NATIONAL PREARRANGED
                                              SERVICES, INC. PRE-NEED PLANS
                                              DTD 7/24/98 - TRUST IV

                                         By:  /s/ Herbert W. Morisse
                                              ------------------------------
                                         Its: Vice President
                                              ------------------------------

                                                       "Buyer"

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                                 EXHIBIT A

                       SCHEDULED MINIMUM PURCHASES OF
                       ------------------------------
                        CEMETERY ACCOUNTS RECEIVABLE
                        ----------------------------

November, 2001      $ 72,000
December, 2001      $ 86,000
January, 2002       $123,000
February, 2002      $ 96,000
March, 2002         $ 96,000
April, 2002         $122,000
May, 2002           $295,000
June, 2002          $219,000
July, 2002          $ 24,000
August, 2002        $ 41,000
September, 2002     $ 33,000
October, 2002       $ 30,000
November, 2002      $ 52,000
December, 2002      $ 33,000
January, 2003       $ 44,000 (or such greater or lesser amount as will equal
                             in the aggregate purchases of $1,400,000 of
                             Cemetery Accounts Receivable)

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                                 EXHIBIT B

                        BILL OF SALE AND ASSIGNMENT
                          HOLLYWOOD FOREVER, INC.
                       (HEREINAFTER CALLED "SELLER")
                                     TO
                  ALLEGIANT BANK, TRUSTEE UNDER TRUST FOR
                    NATIONAL PREARRANGED SERVICES, INC.
                   PRE-NEED PLANS DATED 7/24/98 - TRUST IV
                        (HEREINAFTER CALLED "BUYER")

     WHEREAS, Seller has agreed to sell and Buyer has agreed to buy all of
Seller's cemetery accounts receivable listed on Exhibit A attached hereto
(collectively the "Property"), for the purchase price and upon the terms and
conditions set forth in a certain Cemetery Accounts Receivable Purchase
Agreement dated November 29, 2001, by and between Seller and Buyer
("Purchase Agreement"); and
     WHEREAS, it is the desire of the parties that Buyer shall be in
possession of instruments evidencing vesting in Buyer of title to the
Property.
     NOW, THEREFORE, THIS BILL OF SALE AND ASSIGNMENT, WITNESSETH, that
Seller, for and in consideration of the purchase price paid in accordance
with the Purchase Agreement, does hereby grant, bargain, sell, assign,
alien, remise, release, convey, transfer, set over and confirm unto Buyer,
its successors and assigns, forever, the Property;
     TO HAVE AND TO HOLD all said Property hereby assigned, transferred and
conveyed unto Buyer, its successors and assigns, to itself and its own use
and behalf forever.
     AND, for the consideration aforesaid, Seller hereby

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constitutes and appoints Buyer, its successors and assigns, the true and
lawful attorney or attorneys of Seller, with full power of substitution, for
Seller in its name and stead or otherwise, by and on the behalf of and for
the benefit of Buyer, its successors and assigns, to demand and receive from
time to time any and all of the components of the Property, and to give
receipts and releases for and in respect of the same and any part thereof,
and from time to time to institute and prosecute in the name of Seller or
otherwise, but at the expense and for the benefit of Buyer, its successors
and assigns, any and all proceedings at law, in equity or otherwise, which
Buyer, its successors and assigns, may deem proper in order to collect,
assert, or enforce any claim, right or title of any kind in and to the
Property conveyed, and to defend or compromise any and all actions, suits or
proceedings in respect of any of said Property and to do all such acts and
things in relation thereto as Buyer, its successors and assigns, shall deem
desirable; Seller hereby declaring that the appointment made and the powers
hereby granted are coupled with an interest and are and shall be irrevocable
by Seller in any manner or for any reason.
     AND, for the consideration aforesaid, Seller for itself and its
successors and assigns, by this Bill of Sale and Assignment hereby covenants
with Buyer, its successors and assigns, that Seller and its successors and
assigns, will do, execute and deliver, or cause to be done, executed and
delivered, all such acts, transfers, assignments and conveyances, powers of
attorney and assurances, for the better assuring, conveying and

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confirming unto Buyer, its successors and assigns, all and singularly the
Property hereby assigned, transferred and conveyed as Buyer, its successors
or assigns, shall reasonably require.
     Seller further covenants to and with Buyer, its successors and assigns,
that Seller is the lawful owner of said Property and has good right to sell
the same as aforesaid, and that except as otherwise provided in the Purchase
Agreement, said Property is free and clear from all encumbrances whatsoever,
and will warrant and defend the same against all lawful claims and demands
whatsoever.
     IN WITNESS WHEREOF, Seller has caused this Bill of Sale and Assignment
to be executed this 29th day of November, 2001.

                                         HOLLYWOOD FOREVER, INC.

                                         By:  /s/ J. Tyler Cassity
                                              ------------------------------
                                              J. Tyler Cassity, President

                                                       "Seller"EXHIBIT 10.1
                                                                    ------------

December 1, 2001

Calvin MacKay
521 Salem Street
North Andover, MA  01845

Dear Calvin:

            The purpose of this letter is to memorialize the terms of your
eligibility for severance with Datawatch Corporation ("the Company") in the
event that you are involuntarily terminated by the Company without Cause (as
defined in Paragraph 3) or if you terminate your employment for Good Reason (as
defined in Paragraph 2) prior to July 31, 2004.

            1. Your at-will employment with the Company began on December 1,
2001, as Senior Vice President of Enterprise Software. As an at-will employee,
either you or the Company may terminate your employment at any time for any or
no reason with or without notice. Neither this letter nor its terms constitute a
contract for continued employment or a contract for a specific term of
employment. Instead, this letter sets forth the terms of our agreement with
respect to your eligibility for severance.

            2. In the event that you voluntarily terminate your employment with
the Company at your own election and without Good Reason, you shall be entitled
to no severance. For the purpose of this Agreement, "Good Reason" is defined as
a material diminution in the nature or scope of your responsibilities, duties or
authority; provided, however, that the transfer of certain job responsibilities,
or the assignment to others of your duties and responsibilities while you are
out of work due to a disability or on a leave of absence for any reason, shall
not constitute a material diminution in the nature or scope of the your
responsibilities, duties or authority as set forth in this Section.

            3. In the event that the Company terminates your employment for
"Cause," you shall be entitled to no severance. Termination by the Company shall
constitute a termination for Cause under this Paragraph 3 if such termination is
for one or more of the following reasons:

               (a) the willful and continuing failure or refusal by you to
               render services to the Company in accordance with your
               obligations to the Company;

               (b) gross negligence, dishonesty, breach of fiduciary duty or
               breach of the terms of any other agreements executed in
               connection herewith;

               (c) the commission by you of an act of fraud, embezzlement or
               substantial disregard of the rules or policies of the Company;
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               (d) acts which, in the judgment of the Board of Directors, would
               tend to generate significant adverse publicity toward the
               Company;

               (e) the commission, or plea of nolo contendere, by you of a
               felony; or

               (f) a breach by you of the terms of the Proprietary Information
               and Inventions Agreement executed by you.

            4. In the event that the Company terminates your employment prior to
July 31, 2004 for any reason other than those stated in Paragraph 3 above or if
you terminate your employment prior to July 31, 2004 for Good Reason as defined
in Paragraph 2, and you sign a comprehensive release in the form, and of a
scope, acceptable to the Company (the "Release"), the Company will pay you
severance payments in equal monthly installments at your then monthly base
salary for six months following your termination (the "Severance Period"). Such
payments shall be made in accordance with the Company's customary payroll
practices and shall be subject to all applicable federal and state withholding,
payroll and other taxes.

            If you breach your post-employment obligations under your
Proprietary Information and Inventions Agreement, the Company may immediately
cease payment of all severance and/or benefits described in this Agreement. This
cessation of severance and/or benefits shall be in addition to, and not as an
alternative to, any other remedies in law or in equity available to the Company,
including the right to seek specific performance or an injunction.

            5. The terms of this agreement constitute the entire understanding
relating to your employment and supersede and cancel all agreements, written or
oral, made prior to the date hereof between you and the Company relating to your
employment with the Company; provided, however, that nothing herein shall be
deemed to limit or terminate the provisions of Proprietary Information and
Inventions Agreement executed by you or in any manner alter the terms of any
stock option entered into between you and the Company.

            6. This Agreement, the employment relationship contemplated herein
and any claim arising from such relationship, whether or not arising under this
Agreement, shall be governed by and construed in accordance with the internal
laws of Massachusetts, without giving effect to the principles of choice of law
or conflicts of law of Massachusetts and this Agreement shall be deemed to be
performable in Massachusetts. Any claims or legal actions by one party against
the other arising out of the relationship between the parties contemplated
herein (whether or not arising under this Agreement) shall be commenced or
maintained in any state or federal court located in Massachusetts, and Executive
hereby submits to the jurisdiction and venue of any such court.
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            7. No waiver by either party of any breach by the other or any
provision hereof shall be deemed to be a waiver of any later or other breach
thereof or as a waiver of any other provision of this Agreement. This Agreement
and its terms may not be waived, changed, discharged or terminated orally or by
any course of dealing between the parties, but only by an instrument in writing
signed by the party against whom any waiver, change, discharge or termination is
sought. No modification or waiver by the Company shall be effective without the
consent of the Board of Directors then in office at the time of such
modification or waiver.

            8. You acknowledge that the services to be rendered by you to the
Company are unique and personal in nature. Accordingly, you may not assign any
of your rights or delegate any of your duties or obligations under this
Agreement. The rights and obligations of the Company under this Agreement may be
assigned by the Company and shall inure to the benefit of, and shall be binding
upon, the successors and assigns of the Company.

            If this letter correctly states the understanding we have reached,
please indicate your acceptance by countersigning the enclosed copy and
returning it to me.

                                           Very truly yours,

                                           DATAWATCH CORPORATION

                                           /s/ Robert Hagger
                                           -------------------------------------
                                           Robert Hagger
                                           President and Chief Executive Officer

YOU REPRESENT THAT YOU HAVE READ THE FOREGOING AGREEMENT, THAT YOU FULLY
UNDERSTAND THE TERMS AND CONDITIONS OF SUCH AGREEMENT AND THAT YOU ARE
VOLUNTARILY EXECUTING THE SAME.

ACCEPTED:

/s/ Calvin Mackay
-------------------------------------
Calvin Mackay

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