Document:

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                                                                  EXHIBIT 10.61

                                                     February 16, 2001

Breakaway Solutions Inc.
Attn: Chief Executive Officer

Dear Sir:

         We are pleased to submit this proposal for Phoenix Management Services,
Inc. ("Phoenix") to assist Breakaway Solutions Inc. ("Breakaway" or the
"Company") in pursuing a course which best achieves Breakaway's current
objectives.

         Phoenix provides hands-on, on-site management advisory and financial
services to firms in transition. Our expertise is in assisting companies in
dealing with the issues Breakaway is presently encountering. Our experience in
dealing with these situations can augment the efforts of the Company's
management team and lead to the desired results for the Company.

         Since 1985, Phoenix has specialized in the financial and
operationally-oriented revitalization of distribution, retail, manufacturing,
service and technology companies. We have provided business assessments,
performed viability analyses, served in interim capacities and have implemented
our recommendations with a sense of urgency for more than 450 clients in both
the private and public sectors.

         We have been involved with firms ranging in size from a few million
dollars in revenue on the small end to in excess of $1 billion. Our focus is on
developing realistic financial forecasts, rationalizing expenses, overcoming
obstacles, identifying opportunities, streamlining operations, developing and
implementing strategic plans, and exploiting market niche. Our successful track
record at managing cash, implementing change, and returning our clients to
profitability differentiates ourselves from some of our competitors.

         Phoenix has an operationally oriented focus that we believe to be
unique in the "consulting" industry. We do not typically refer to ourselves as
consultants. A significant portion of our practice is dedicated to interim
management assignments, where our clients rely on us as an extension of their
project team, or where our professionals assume a slot on the organizational
chart of our client. We don't just make recommendations, we IMPLEMENT - on a
daily basis. We are experienced operational and financial executives, which give
us a unique perspective with regard to this project.

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         We are prepared to provide Tal Briddell as an adviser and Mike Flaa as
interim CFO. As interim CFO, Phoenix will be directly responsible for all
financial activities of the Company, including budgeting, forecasting, cash
management, accounting, collection activities, billing activities, vendor
relations, lender relations and coordination with shareholders and investment
bankers. We are prepared to assume this role immediately and would expect Mike
to report to the CEO as well as the Company's Board of Directors. Tal will be
reporting directly to and, if asked, will serve upon Breakaway's Board.

As compensation for services, Phoenix will bill according to the following
schedule:

         HOURLY COMPENSATION - All work performed by Mike, Tal and any other
         Phoenix professional who may be used on this assignment will be charged
         in accordance with our normal hourly billing rates, which are tiered
         and broken down as follows.

                         President                          $365/hr.
                         Executive Vice Presidents          $295/hr.
                         Senior Vice Presidents             $225/hr. - $265/hr.
                         Vice Presidents                    $165/hr. - $210/hr.
                         Analysts                           $100/hr. - $145/hr.

         Mike Flaa is a Senior Vice President of Phoenix. We are prepared to
         provide Mike for the duration of this engagement, except for vacation
         periods in July, 2001 and the fall when Mike will be reachable by phone
         and/or e-mail. We anticipate that the nature of his services and the
         amount of time involved will be reduced after Breakaway hires a new
         permanent CFO.

         WEEKLY RETAINER - As compensation for the administrative and support
         time and expenses typically required (fax, computer, e-mail,
         administrative staff time, liability insurance, etc.), we will charge a
         weekly retainer of $1,500.00.

         STOCK INCENTIVES - Phoenix, as a performance incentive, will be granted
         warrants or non-qualified stock options to purchase 1.25% of
         Breakaway's common stock on a fully diluted basis after giving effect
         to the contemplated purchase of preferred stock by SCP under the Series
         A Preferred Stock Purchase Agreement dated February 16, 2001. The
         strike price on the warrants will be $.70, and they will expire five
         years from issuance. These warrants or options will vest in equal
         amounts over a period of 18 months, starting on March 31, 2001. They
         will be documented separately and will be subject to the development of
         mutually acceptable language.

         EXPENSES - Normal reasonable out-of-pocket operating and travel
         expenses will be billed at cost.

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         Detailed invoices will be issued weekly to help you monitor the cost of
the engagement. Invoices are payable upon receipt.

         This agreement may be cancelled with six weeks advance written notice,
however, the indemnification and option agreement will continue in force in
accordance with their respective terms.

         We can begin this assignment immediately upon receipt of a $40,000
deposit, a signed copy of this letter, and our standard indemnification
agreement signifying your understanding and agreement with the above. The
deposit is essentially payment in advance for the final invoice, and any
residual deposit will be promptly returned at the end of the engagement or upon
termination. Further, it is agreed that Phoenix Management Services, Phoenix
Capital Resources, or any other Phoenix related entity has the right to include
the services provided under this engagement letter in Phoenix publications and
promotional materials.

         We appreciate the confidence that you have expressed in Phoenix and
look forward to working with you and assisting you during this critical period.

Very truly yours,

Michael E. Jacoby
Executive Vice President

READ, AGREED AND ACCEPTED BY BREAKAWAY SOLUTIONS INC, WITH EFFECT AS OF FEBRUARY
16, 2001:

/s/ William Loftus
--------------------------------------
Mr. William Loftus, CEO

--------------------------------------
Date: June 6, 2001

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                      CONSENT, RELEASE, AND INDEMNIFICATION

         Whereas, Breakaway Solutions Inc. (the "Company") would like to retain
the services of Phoenix Management Services, Inc. to assist the Company in
achieving its objectives.

         Now, therefore, in consideration of Phoenix's agreement to perform such
services in good faith and in the exercise of its best efforts, the Company and
its subsidiaries hereby consent and agree to have Phoenix perform such services,
releases and waives any and all claims which it may have or claim to have in the
future against Phoenix, its principals, employees or agents arising out of the
performance of such services, and agrees to indemnify, hold harmless and defend
Phoenix, its principals, employees or agents against any and all claims, demands
or suits by the Company, its subsidiaries, or any directors, officers,
employees, shareholders, customers, representatives, or vendors or subject
developments arising out of the performance of such services, provided however
that no release shall be granted nor indemnification provided if it is a result
of Phoenix's willful misconduct or gross negligence in the performance of its
services.

         Intending to be bound hereby, the undersigned, have set their hands and
seal this _____ day of _________________, 2001.

BREAKAWAY SOLUTIONS INC.:
                                                        WITNESS

By:      _______________________            By:         _____________________

Name:    _______________________            Name:       _____________________

Title:   _______________________            Title:      _____________________

Date:    _______________________            Date:       _______________________

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                                                                   EXHIBIT 10.62

                            SHARE PURCHASE AGREEMENT

     This SHARE PURCHASE AGREEMENT (this "AGREEMENT") is made as of this 21st
day of June, 2001 by and among ICG Asia Limited (f/k/a ICG AsiaWorks Limited)
("ICGA"), Breakaway Solutions, Inc. ("BREAKAWAY") and Breakaway Solutions Asia
Pacific Limited (the "COMPANY").

                                    RECITALS

     WHEREAS, the parties hereto entered into a Shareholders Agreement, dated as
of October 24, 2000 (the "SHAREHOLDERS AGREEMENT"), pursuant to which, among
other things, ICGA and Breakaway agreed to carry out a joint venture through the
Company;

     WHEREAS, Breakaway and the Company entered into (i) a License Agreement,
dated as of October 24, 2000 (the "LICENSE AGREEMENT"), pursuant to which, among
other things, Breakaway agreed to license certain intellectual property to the
Company and (ii) a Services Agreement, dated as of October 24, 2000 (the
"SERVICES AGREEMENT"), pursuant to which, among other things, Breakaway agreed
to license certain intellectual property to the Company;

     WHEREAS, Breakaway owns 99,500,000 ordinary shares of the Company (the
"BREAKAWAY SHARES");

     WHEREAS, ICGA and Breakaway desire to terminate the joint venture,
including, without limitation, the Shareholders Agreement, License Agreement and
Services Agreement (collectively, the "JOINT VENTURE AGREEMENTS"); and

     WHEREAS, the parties hereto desire to set forth certain agreements reached
between them with respect to such termination, including the purchase of the
Breakaway Shares by ICGA;

                                    AGREEMENT

     NOW, THEREFORE, in consideration of the mutual covenants, agreements,
representations and warranties contained herein, and for other good and valuable
consideration, the parties hereto agree as follows:

     SECTION 1. TERMINATION AND RELEASE. ICGA, Breakaway and the Company hereby
terminate each of the Joint Venture Agreements, effective upon Closing (as
defined below). Subject to the performance by each party of its respective
obligations set forth in this Agreement, each party hereto agrees to release the
other parties hereto from any obligations such other parties may have under or
arising from any of the Joint Venture Agreements as of the Closing Date (other
than, in the case of the License Agreement, as set forth in Section 8.4 of the
License Agreement), including, without limitation, any shareholder advances,
royalties or trade credits, if any. Notwithstanding anything herein to the
contrary, Breakaway shall refund to the Company any unpaid remainder of the
advance payments as of the Termination Date

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(as defined below) which have been made by the Company to Breakaway for services
to be rendered by Breakaway in the aggregate amount of US$150,000 on the
Termination Date. For the purposes of this Agreement, the Termination Date is
the first to occur of: (i) six months after the Closing Date or (ii) the date on
which either the Company or Breakaway notifies the other party of its election
to terminate the Cooperation Agreement (as defined below).

     SECTION 2. PURCHASE AND SALE. (a) On the Closing Date (as defined below),
and upon the terms and conditions set forth in this Agreement, Breakaway shall
sell to ICGA, and ICGA shall purchase from Breakaway, the Breakaway Shares for
an aggregate purchase price of US$500,000.00 (the "PURCHASE PRICE"). Breakaway
represents and warrants to ICGA that (i) Breakaway is the sole legal and
beneficial owner of the Breakaway Shares, (ii) the Breakaway Shares are free and
clear of any taxes, liens, security interests, options or other encumbrances,
and (iii) upon delivery by Breakaway of the certificates representing the
Breakaway Shares and payment therefor by ICGA as provided in Section 2(c)
hereof, ICGA will acquire valid and marketable title to the Breakaway Shares
free and clear of any encumbrances except for restrictions on transfer imposed
by the U.S. Securities Act of 1933, as amended, and state securities and "blue
sky" laws.

     (b) The closing of the purchase and sale of the Breakaway Shares hereunder
("CLOSING") shall take place three (3) business days after the satisfaction of
all the conditions to Closing set forth in Section 3 (the "CLOSING DATE") at the
offices of Dewey Ballantine LLP, Suite 701, Edinburgh Tower, The Landmark, 15
Queen's Road Central, Hong Kong, or such other time and place as shall be agreed
in writing between ICGA and Breakaway.

     (c) Upon Closing, (i) ICGA shall deposit into a bank account designated by
Breakaway on such date, by wire transfer of immediately available funds, an
amount equal to the Purchase Price and (ii) Breakaway shall deliver to ICGA,
against payment of the Purchase Price, a stock certificate or stock certificates
representing the Breakaway Shares. The stock certificates shall be duly endorsed
and accompanied by appropriate stock powers or any other stock transfer form
duly endorsed in blank.

     SECTION 3. CONDITIONS TO CLOSING. The purchase of the Breakaway Shares by
ICGA on the Closing Date is conditioned upon satisfaction of the following
conditions:

     (a) The representations and warranties of Breakaway contained in this
Agreement shall be true and correct in all material respects on and as of the
Closing Date with the same effect as though such representations and warranties
have been made on and as of such date.

     (b) All governmental and other consents and approvals necessary to permit
the consummation of the transactions contemplated by this Agreement, including
without limitation, approval of the Bermuda Monetary Authority required for the
transfer of the Breakaway Shares, shall have been obtained or received and shall
be in full force and effect.

     (c) The Company and Breakaway shall have executed a cooperation agreement
in substantially the form of Exhibit A (the "COOPERATION AGREEMENT").

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     (d) The nominee designated by Breakaway to serve on the Company's board of
directors shall have resigned from the board of directors.

     SECTION 4. TRANSFER AND WAIVER. Upon Closing, Breakaway shall convey to
ICGA any other ownership interests Breakaway may have in the Company and waives
any claim it may have to ownership of Company. Breakaway hereby agrees, in
liaison with ICGA, to execute all documentation and take all actions necessary
or appropriate to confirm or ensure that such ownership of the Company vests in
ICGA.

     SECTION 5. LICENSED MARKS. Notwithstanding Section 8.3 of the License
Agreement (which section shall survive termination of the License Agreement),
Breakaway shall permit the Company, on a royalty-free basis, to continue to use
the Licensed Marks (as defined in the License Agreement) for a period of six
months following the Closing Date, during which six-month period the Company
shall transition away from all uses of the Licensed Marks.

     SECTION 6. TERMINATION. This Agreement may be terminated if Closing has not
occurred on or prior to July 31, 2001, unless the parties hereto have agreed in
writing to extend the term hereof.

     SECTION 7. GOVERNING LAW. This Agreement and the rights and obligations of
the parties hereunder shall be governed by, and construed in accordance with,
the laws of the State of New York, and each party hereto submits to the
non-exclusive jurisdiction of the state and federal courts within the County of
New York in the State of New York.

     SECTION 8. SPECIFIC PERFORMANCE. Each of the parties hereto agrees that
irreparable damage will result if this Agreement is not performed in accordance
with its terms, and agrees that any damages available at law for a breach of
this Agreement would not be an adequate remedy. Therefore, the provisions hereof
and the obligations hereunder shall be enforceable in a court of equity, or
other tribunal with jurisdiction, by a decree of specific performance, and
appropriate injunctive relief may be applied for and granted in connection
therewith. Such remedies and all other remedies provided for in this Agreement
shall, however, be cumulative and not exclusive and shall be in addition to any
other remedies that the parties may have under this Agreement, or at law or in
equity.

     SECTION 9. SEVERABILITY. In case any provision of the Agreement shall be
invalid, illegal or unenforceable, the validity, legality and enforceability of
the remaining provisions shall not in any way be affected or impaired thereby;
PROVIDED, HOWEVER, that no such severability shall be effective if it materially
changes the economic benefit of this Agreement to any party.

     SECTION 10. ENTIRE AGREEMENT. This Agreement contains the entire agreement
and understanding between the parties respecting the subject matter hereof, and
supersedes all prior negotiations, agreements and understandings between the
parties respecting that subject matter. No extension, modification or supplement
to this Agreement will be effective unless made in writing and signed by a duly
authorized officer of each party.

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     SECTION 11. COUNTERPARTS. This Agreement may be executed in any number of
counterparts, each of which shall be an original, but all of which together
shall constitute one instrument.

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

                                        ICG ASIA LIMITED

                                        By: /s/
                                           -------------------------------
                                        Name:  Joseph Kim
                                        Title: Chief Executive Officer

                                        BREAKAWAY SOLUTIONS, INC.

                                        By: /s/
                                           ---------------------------------
                                        Name:  William Loftus
                                        Title: Chief Executive Officer

                                        BREAKAWAY SOLUTIONS ASIA PACIFIC LIMITED

                                        By: /s/
                                           --------------------------------
                                        Name:  Tiak Koon Loh
                                        Title:  Chairman

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                                    EXHIBIT A

                              COOPERATION AGREEMENT

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