Document:

CONFIDENTIAL
                               M E M O R A N D U M

TO:

FROM:     STEVE  MORRISON
          GENERAL  COUNSEL  AND  SECRETARY

DATE:     APRIL  5,  2000

SUBJECT:  STOCK  OPTIONS

The  Compensation  Committee  of  the  Board  of  Directors  has granted you the
following  stock  options:

     Effective Date:      April  3,  2000

     Number of Options:   15,000

     Exercise Price:      $11.1875

     Vesting:             25%  on  each  of the three (4)  years  following  the
Effective  Date

These  options  are  granted  under  the  1999 Stock Option Plan.  A copy of the
Prospectus  for  the  Plan  is  attached.

As permitted by the Plan, the Compensation Committee, in granting these options,
imposed  an  additional  restriction  on  the  exercise  of  the options granted
effective April 3rd, to no more than one-third of the grant in any calendar year
except:

1.     eight  (8)  years  from  the  effective  date  (after  April  3,  2008);

2.     a  Change  of  Control  as  defined  in  the  Plan;  or

3.     retirement  from  the  Board  of  Directors.

If  you have any questions regarding this agreement, please call Jim McGovern at
extension  5559  or  me  at  extension  6099.

Attachment

52CONSENT AND WAIVER

     This  Consent  and  Waiver,  dated  as  of  June 19, 2000 (this "Consent"),
relating  to  the Credit Agreement referenced below is entered into by and among
Policy  Management  Systems  Corporation,  a  South  Carolina  corporation  (the
"Borrower"), the Subsidiaries of the Borrower parties hereto (the "Guarantors"),
the  financial  institutions  parties  hereto  (collectively,  the  "Banks";
individually,  a  "Bank")  and Bank of America, N.A.  (formerly known as Bank of
America  National  Trust  and  Savings  Association),  as  Agent  (the "Agent").

                                    RECITALS
                                    --------

     The  Borrower,  the  Agent,  the  Guarantors and the Banks are parties to a
Credit  Agreement dated as of August 8, 1997, as amended by a First Amendment to
Credit  Agreement  dated  as  of  November 5, 1999, a Second Amendment to Credit
Agreement  dated  as of February 10, 2000, a Third Amendment to Credit Agreement
dated  as  of March 30, 2000 and a Fourth Amendment to Credit Agreement dated as
of  April 24, 2000 (the "Credit Agreement") pursuant to which the Banks extended
a  revolving facility.  Capitalized terms used and not otherwise defined in this
Consent  shall  have  the  meanings  respectively assigned to them in the Credit
Agreement.

     The  Borrower  has  requested  that  the Banks provide a consent and waiver
under  the  Credit  Agreement  and  the Banks have agreed to do so, all upon the
terms  and  provisions  and  subject  to  the  conditions hereinafter set forth.

                                    AGREEMENT
                                    ---------

     In  consideration  of  the foregoing and the mutual covenants and agreement
hereinafter  set  forth,  the  parties  hereto  mutually  agree  as  follows:

     1.     We understand that the Borrower intends to incur indebtedness, which
will be subordinate to all indebtedness owing under the Credit Agreement and the
Term  Loan,  in  an  aggregate  principal  amount  of  up  to  $24,000,000  (the
"Subordinated  Loan")  and  to use the proceeds of such Subordinated Loan to pay
the  fee  (together  with  related expenses of both Politic Acquistion Corp. and
Welsh  Carson  Anderson  & Stowe VIII) to Welsh Carson Anderson & Stowe, L.P. or
Politic  Acquisition Corp. (or its designated beneficiary) as required under the
Amended  and  Restated  Agreement and Plan of Merger between Politic Acquisition
Corp.  and  the  Borrower  (such  fee  hereinafter referred to as, the "Break-up
Fee").  Section 2.11(c) of the Credit Agreement requires that the Borrower apply
100%  of  the  net  cash proceeds of any issuance of debt securities for cash to
prepay  the  Term Loan.  As the payment of the Break-up Fee with the proceeds of
the  Subordinated Loan by the Borrower would otherwise violate the provisions of
Section  2.11(c), the Banks, effective as of the date hereof, hereby (a) consent
to  payment  by  the  Borrower  of  the  Break-up  Fee  with the proceeds of the
Subordinated  Loan,  and  (b)  grant a limited one-time waiver of any Default or
Event  of  Default  that  would  otherwise  arise  pursuant  to Section 2.11(c),
provided  that  the  Subordinated Loan shall be subordinated to the indebtedness
--------
owing  under  the Credit Agreement and the Term Loan on terms and conditions and
pursuant  to  documentation  satisfactory  in  all  respects  to  the  Agent.

     2.     The  Borrower and the Guarantors hereby represent and warrant to the
Agent  and  Banks  that  (i)  after giving effect to this Consent, no Default or
Event  of  Default  has occurred and is continuing;  (ii) after giving effect to
this  Consent,  the  representations  and  warranties  of  the  Borrower and the
Guarantors  pursuant  to  the  Credit  Agreement  are true on and as of the date
hereof  as  if made on and as of said date; and (iii) the making and performance
by  the Borrower and the Guarantors of this Consent have been duly authorized by
all  necessary  corporate  action.

53

<PAGE>
3.     This  Consent  may be signed in any number of counterparts, each of which
shall  be  an original, with same effect as if the signatures thereto and hereto
were  upon  the  same  instrument.

     4.     Except  as  herein  specifically  amended,  all terms, covenants and
provisions  of  the  Credit  Agreement shall remain in full force and effect and
shall  be  performed by the parties hereto according to its terms and provisions
and  all  references  therein  or  in the Exhibits shall henceforth refer to the
Credit  Agreement  as  modified  by  this  Consent.

     5.     This  Consent  shall be governed by and construed in accordance with
the  laws  of  the  State  of  New  York.

6.     The parties hereto agree that Policy Management Systems Investments, Inc.
shall  execute this Consent by or on June 28, 2000 and the failure by them to so
execute  this Consent by such date shall be an Event of Default under the Credit
Agreement.

54

<PAGE>

     IN  WITNESS  WHEREOF,  the  parties hereto have executed and delivered this
Consent  as  of  the  date  first  written.

BORROWER:     POLICY  MANAGEMENT  SYSTEMS
--------
              CORPORATION

              By:/S/  Stephen  G.  Morrison
                 --------------------------
              Title:  Exec.  Vice  President,  General  Counsel
                      -----------------------------------------
                      and  Secretary
                      --------------

GUARANTORS:   MYND  CORPORATION  F/K/A  CYBERTEK
----------
              CORPORATION
              MYND  INTERNATIONAL,  LTD.
              MYND  PARTNERS,  L.P.  F/K/A  CYBERTEK
                   SOLUTIONS,  L.P.
                   By:  POLICY  MANAGEMENT
                   SYSTEMS  CORPORATION,  its  General
                   Partner
              MYND  CORPORATION  F/K/A  DORN
                   TECHNOLOGY  GROUP,  INC.
              MYND  CORPORATION  F/K/A  THE  LEVERAGE
                   GROUP,  INC.
              SOFTWARE  SERVICES  HOLDING,  INC.

              By:/S/  Stephen  G.  Morrison
                 --------------------------
              Title:  Exec.  Vice  President,  General  Counsel
                      -----------------------------------------
                      and  Secretary
                      --------------

55

<PAGE>
------

              POLICY  MANAGEMENT  SYSTEMS
                   INVESTMENTS,  INC.

              By:  /S/  Elizabeth  D.  Powers
                   --------------------------
              Title:  President
                      ---------

56

<PAGE>

BANKS:        BANK  OF  AMERICA,  N.A.
-----

              By:/S/  Michael  J.  McKenney
                 --------------------------
              Title:   Managing  Director
                     --------------------

              WACHOVIA  BANK,  N.A.

              By:/S/Donald  E.  Sellers,  Jr.
                 ----------------------------
              Title:  Vice  President
                     ----------------

              FIRST  UNION  NATIONAL  BANK

              By:/S/Franklin  M.  Wesssinger
                 ---------------------------
              Title:  Senior  Vice  President
                      -----------------------

              DEUTSCHE  BANK  AG,  NEW  YORK
              BRANCH  AND/OR  CAYMAN  ISLANDS
              BRANCH

              By:  /S/  S.  O'Connor
                 -------------------
              Title:  Director
                      --------

              By:  /S/  Sheryl  S.  Paynter
                 --------------------------
              Title:  Vice  President
                    -----------------

              DAI-ICHI  KANGYO  BANK,  LTD.

              By:  /S/  Nelson  Y.  Chang
              ---------------------------
              Title:  Assistant  Vice  President
              ----------------------------------

              THE  FUJI  BANK,  LIMITED

              By:  /S/  Raymond  Ventura
                 -----------------------
              Title:  Vice  President  &  Manager
                    -----------------------------

57CONSENT, WAIVER AND AMENDMENT

     This  Consent,  Waiver  and  Amendment,  dated  as  of  June 19, 2000 (this
"Consent"), relating to the Credit Agreement referenced below is entered into by
and  among  Policy  Management Systems Corporation, a South Carolina corporation
(the  "Borrower"),  the  Subsidiaries  of  the  Borrower  parties  hereto  (the
"Guarantors"),  the  financial  institutions  parties  hereto (collectively, the
"Banks";  individually,  a "Bank") and Bank of America, N.A.  (formerly known as
Bank of America National Trust and Savings Association), as Agent (the "Agent").

                                    RECITALS
                                    --------

     The Borrower, the Guarantors, the Agent and the Banks are parties to a Term
Loan  Agreement dated as of November 5, 1999, as amended by a First Amendment to
Term  Loan  Agreement  dated as of February 10, 2000, a Second Amendment to Term
Loan  Agreement  dated  as  of March 30, 2000 and a Third Amendment to Term Loan
Agreement  dated as of April 24, 2000 (the "Credit Agreement") pursuant to which
the  Banks  extended  a  term  loan.  Capitalized  terms  used and not otherwise
defined or amended in this Consent shall have the meanings respectively assigned
to  them  in  the  Credit  Agreement.

     The  Borrower has requested that the Banks (i) provide a consent and wavier
under  the  Credit  Agreement  and  (ii) modify certain provisions of the Credit
Agreement  and the Banks have agreed to do so, all upon the terms and provisions
and  subject  to  the  conditions  hereinafter  set  forth.

                                    AGREEMENT
                                    ---------

     In  consideration  of  the foregoing and the mutual covenants and agreement
hereinafter  set  forth,  the  parties  hereto  mutually  agree  as  follows:

     1.     AMENDMENT.  The  Credit Agreement is hereby amended in the following
            ---------
respects:

     (a)     Amendment  of  Section  1.1.  Section  1.1(a)  is hereby amended by
             ---------------------------
adding the following definition of "Base Rate Margin" to the definitions therein
in  the  appropriate  alphabetical  order:

"Base  Rate  Margin"  means  a  rate per annum determined in accordance with the
Pricing  Schedule.

     (b)     Amendment  of  Section  2.6(a).  Section  2.6(a)  of  the  Credit
             ------------------------------
Agreement  is  hereby  amended  by  deleting  the  first sentence thereof in its
entirety  and  substituting  the  following  therefor:

            (a)     Each Base Rate Loan shall bear interest on  the  outstanding
principal  amount thereof, for each day from the date such Loan is made until it
becomes due, at a rate per annum equal to the sum of the Base Rate plus the Base
Rate  Margin.

     (c)     Amendment  to  Pricing  Schedule.  The  Pricing  Schedule shall be
             -----------------------------
amended and  restated  as  per  the  attachment  hereto.

58

<PAGE>
     2.     CONSENT  AND  WAIVER
            --------------------

     We  understand  that the Borrower intends to incur indebtedness, which will
be subordinate to all indebtedness owing under the Credit Agreement and the Term
Loan,  in  an aggregate principal amount of up to $24,000,000 (the "Subordinated
Loan")  and  to  use  the  proceeds  of  such  Subordinated  Loan to pay the fee
(together  with  related  expenses  of  both  Politic Acquistion Corp. and Welsh
Carson  Anderson & Stowe VIII) to Welsh Carson Anderson & Stowe, L.P. or Politic
Acquisition  Corp. (or its designated beneficiary) as required under the Amended
and  Restated Agreement and Plan of Merger between Politic Acquisition Corp. and
the Borrower (such fee hereinafter referred to as, the "Break-up Fee").  Section
2.9(c)  of the Credit Agreement requires that the Borrower apply 100% of the net
cash  proceeds  of  any  issuance of debt securities for cash to prepay the Term
Loan.  As  the payment of the Break-up Fee with the proceeds of the Subordinated
Loan  by  the Borrower would otherwise violate the provisions of Section 2.9(c),
the Banks, effective as of the date hereof, hereby (a) consent to payment by the
Borrower of the Break-up Fee with the proceeds of the Subordinated Loan, and (b)
grant  a  limited  one-time waiver of any Default or Event of Default that would
otherwise  arise pursuant to Section 2.9(c), provided that the Subordinated Loan
                                             --------
shall  be  subordinated to the indebtedness owing under the Credit Agreement and
the  Senior  Bank Facility on terms and conditions and pursuant to documentation
satisfactory  in  all  respects  to  the  Agent.

     3.     The  Borrower and the Guarantors hereby represent and warrant to the
Agent  and  Banks  that  (i)  after giving effect to this Consent, no Default or
Event  of  Default  has occurred and is continuing;  (ii) after giving effect to
this  Consent,  the  representations  and  warranties  of  the  Borrower and the
Guarantors  pursuant  to  the  Credit  Agreement  are true on and as of the date
hereof  as  if made on and as of said date; and (iii) the making and performance
by  the Borrower and the Guarantors of this Consent have been duly authorized by
all  necessary  corporate  action.

     4.     This  Consent  may  be signed in any number of counterparts, each of
which  shall  be  an original, with same effect as if the signatures thereto and
hereto  were  upon  the  same  instrument.

     5.     Except  as  herein  specifically  amended,  all terms, covenants and
provisions  of  the  Credit  Agreement shall remain in full force and effect and
shall  be  performed by the parties hereto according to its terms and provisions
and  all  references  therein  or  in the Exhibits shall henceforth refer to the
Credit  Agreement  as  modified  by  this  Consent.

     6.     This  Consent  shall be governed by and construed in accordance with
the  laws  of  the  State  of  New  York.

     7.     The parties hereto agree that Policy Management Systems Investments,
Inc. shall  execute  this Consent by or on June 28, 2000 and the failure by them
to so  execute  this Consent by such date shall be an Event of Default under the
Credit Agreement.

59

<PAGE>

     IN  WITNESS  WHEREOF,  the  parties hereto have executed and delivered this
Consent  as  of  the  date  first  written.

BORROWER:     POLICY  MANAGEMENT  SYSTEMS
--------
              CORPORATION

              By:/S/  Stephen  G.  Morrison
                ---------------------------
              Title:  Exec.  VP,  General  Counsel  &  Secretary
                    --------------------------------------------

GUARANTORS:   MYND  CORPORATION  F/K/A  CYBERTEK
----------
                   CORPORATION
              MYND  INTERNATIONAL,  LTD.
              MYND  PARTNERS,  L.P.  F/K/A  CYBERTEK
                   SOLUTIONS,  L.P.
                   By:  POLICY  MANAGEMENT
                   SYSTEMS  CORPORATION,  its  General
                   Partner
              MYND  CORPORATION  F/K/A  DORN
                   TECHNOLOGY  GROUP,  INC.
              MYND  CORPORATION  F/K/A  THE
                   LEVERAGE  GROUP,  INC.
              SOFTWARE  SERVICES  HOLDING,  INC.

              By:/S/  Stephen  G.  Morrison
                ---------------------------
              Title:  Secretary
                    -----------

60

<PAGE>

              POLICY  MANAGEMENT  SYSTEMS
                   INVESTMENTS,  INC.

              By:/S/  Elizabeth  D.  Powers
                 --------------------------
              Title:  President
                    -----------

61

<PAGE>

BANKS:        BANK  OF  AMERICA,  N.A.
-----

              By:/S/  Michael  J.  McKenney
                 --------------------------
              Title:   Managing  Director
                     --------------------

              WACHOVIA  BANK,  N.A.

              By:/S/  Donald  E.  Sellers,  Jr.
                 ------------------------------
              Title:  Vice  President
                     ----------------

              FIRST  UNION  NATIONAL  BANK

              By:/S/  Franklin  M.  Wesssinger
                 -----------------------------
              Title:  Senior  Vice  President
                      -----------------------

62

<PAGE>
                                PRICING SCHEDULE

     Each  of  "Base  Rate Margin", "Euro-Dollar Margin" and "Facility Fee Rate"
means,  for  any  date,  the  rates  set  forth  below:

Base  Rate  Margin:

     January  1,  2000  through  July  15,  2000              0%
     July  16,  2000  through  October  15,  2000             1.00%
     October  16,  2000  through  January  31,  2001          2.00%

Euro-Dollar  Margin:

     January  1,  2000  through  July  15,  2000              2.75%
     July  16,  2000  through  October  15,  2000             3.75%
     October  16,  2000  through  January  31,  2001          4.75%

Facility  Fee  Rate  (retroactive  to  January  1,  2000)     0.50%

63

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