Document:

<PAGE>
[PRG SCHULTZ LOGO]

Mr. Bradley Roos

RE:      Expatriate Assignment -- Letter of Understanding

This letter confirms our mutual understanding of the terms and conditions
applying to your expatriate assignment in the United Kingdom.

Your assignment is subject to medical clearances, proper immigration and/or work
clearances, and your acceptance of the terms and conditions outlined in this
letter. The effective date of your assignment will be June 1, 2005, given all
the appropriate work visa paperwork is completed and approved by that date. This
assignment is expected to last through May 31, 2008. Your point of origin has
been designated as MIRAMAR, FLORIDA, USA.

For the duration of your assignment you will be employed by PRG-Schultz
International Pte. Ltd. (the "Company"), as President, Europe. You will continue
to report to Rick Bacon, EVP, International Operations or his designee.

COMPENSATION

-        Your annual base salary will be (U.S.$) 280,000.00 subject to periodic
         review, with the first opportunity for a merit increase in March, 2006
         according to the company policy and guidelines related to merit
         increases. Your salary will be paid bi-weekly at a rate of $10,769.23.
         Your base salary will not be adjusted downward for as long as you
         remain the President, Europe, unless PRG-Schultz's Board of Directors
         or the Compensation Committee of the Board (the "Committee") has duly
         authorized and directed a general compensation decrease for all
         executive employees of PRG-Schultz and the reduction of the sum of your
         Base Salary and potential Bonus hereunder is similarly reduced in
         respect of other executives. However, if you voluntarily transfer to
         another position within the Company, the salary would be reviewed
         accordingly. Any other change in your position shall be dealt with as
         set forth herein under the resignation and termination provisions.

-        You will be eligible to participate in the PRG-S Incentive Plan ("the
         plan") with an incentive payout potential of between 40% (at target)
         and 80% (at maximum) of your base salary, subject to the terms and
         conditions of the Plan. Any updates or changes to the Plan would be
         applied to all participants globally.

-        You will be eligible to participate in the employee benefit plans
         available to Corporate employees. Your assignment will have no effect
         on accrual of benefits to which you are presently entitled.

                                                                               1
<PAGE>

PAY DELIVERY

Your salary and allowances will be electronically deposited in U.S. dollars to
your U.S. bank account or otherwise to the account you have designated. You
should instruct your bank as to the amount that should be converted into host
country currency and transferred to your host country account. The Company will
bear the cost of one fund conversion and transfer per month.

HOUSING ASSISTANCE

The Company will lease a home on your behalf. The assistance method will be
structured so that the Company receives the best tax treatment in the United
Kingdom. The Company will pay the lease up front in the amount of up to Pound
Sterling 2,500per week. You will receive a one time furnishing allowance of
$5,000.

RELOCATION ALLOWANCE & TEMPORARY LIVING EXPENSES

-        The Company will provide a business class house-hunting/orientation
         trip for you and your spouse to the United Kingdom for purposes of
         finding suitable housing. Airfare and daily living expenses for one
         week, including meals will be reimbursed in accordance with the
         Company's Corporate Travel Policy.

-        You will be reimbursed for temporary living expenses from the date
         movers begin packing your household goods to the date reasonable
         furnished housing is available in the host country. The total duration
         of temporary living may not exceed 30 days effective with your
         assignment date of June 1, 2005.

-        The Company will reimburse you for certain expenses incurred with the
         shipment of personal effects and storage and shipment of certain
         household goods. Please refer to the PRG-Schultz International
         Relocation Policy for details.

-        You will also receive the following lump sum allowances for incidental
         expenses:

         -        $5,000 Relocation Allowance.

         -        $2,000 per automobile, when sold in home country.

OTHER EXECUTIVE COMPONENTS

In addition to the allowances mentioned above, the Company will provide you with
the following:

-        Home Leave -- Employee and family will be entitled to two home leaves
         per year reimbursed according to the Company relocation and travel
         policy. Employee home leave is subject to the allowed vacation time.
         The length of family leave is at your discretion.

-        Tax Return Preparation and Counseling Session -- You will meet with a
         tax consultant for an initial review of your tax position prior to
         departure. This will provide you with an opportunity to assess your tax
         liability while on assignment. Additionally, the Company will retain
         the services of a public accounting firm to assist you in the
         preparation of tax returns for the years affected by the International
         assignment.

                                                                               2
<PAGE>

-        Cost of Living Allowance -- You will receive a Cost of Living Allowance
         (COLA) of $37,000 per annum, paid bi-weekly in accordance with the U.S.
         payroll procedures and subject to applicable taxes.

-        Transportation Allowance -- You will receive a Transportation Allowance
         of $15,000 per annum, paid bi-weekly in accordance with the U.S.
         payroll procedures and subject to applicable taxes.

-        Education Allowance -- You will receive an annual Education Allowance
         of $28,000 per child for your children to attend the American school.

-        Club Dues -- You will receive a $6,000 annual allowance for local club
         dues, payable bi-weekly in accordance with the U.S. payroll procedures
         and subject to applicable taxes.

The objective of tax equalization is to ensure that the employee does not
experience a significant tax loss or gain as a result of the assignment. The tax
equalization system provides that you will bear a total annual cost
approximately equivalent to the U.S. and State income tax, U.S. social tax cost
which would rise if you continued to work in the U.S.

The Company will equalize your tax liability to the U.S. You will be held
responsible for hypothetical U.S. income, State income, and U.S. social security
taxes on your base salary and incentive bonus. Taxes on your personal income
will be your responsibility and items such as stock options, restricted stock,
etc.

A hypothetical obligation (hypothetical U.S. and U.S. state) will be withheld
from your base, bonus and other incentive compensation. You will be responsible
for U.S. social taxes on your entire compensation.

Having taken the hypothetical withholding and actual social tax from your
periodic pay, the Company will be responsible for the payment of Host Country
income/social taxes on your base, bonus, other incentive compensation and
international assignment allowances. You will be responsible for remitting
payment of tax on your personal income as required by local law.

You will receive a Tax Equalization calculation for each calendar year of your
assignment. A tax settlement amount may be due to/from the Company as a result.
It is expected that any tax settlement amount be made within 30 days of receipt
of the settlement calculation whether due to, or from, the Company.

The tax consultant will review the concepts of Tax Equalization and answer any
questions you may have about this benefit during your tax consultation.

The Company expects that you will fully comply with all U.S./State and host
country tax rules.

The Company requires that you:

                                                                               3
<PAGE>

-        Exercise reasonable care and attention in minimizing host country and
         U.S. tax liabilities in accordance with the tax planning positions
         recommended by the Company's tax services provider, and

-        Provide the Company's tax service provider with the annual tax filing
         information required to prepare U.S. and host country tax returns and
         tax equalization calculations.

If you do not comply with the U.S. tax compliance calendar, you will be
responsible for all penalty interest costs arising after the due date as a
result of late or delayed filing or underpayment of actual U.S. income tax
liabilities.

HOST COUNTRY BENEFITS

Because you may be required to participate in United Kingdom benefits plans, the
Company will reimburse you for the cost of any United Kingdom social benefit
programs to which you are required to contribute. You agree that any benefit
made payable to you upon your termination, severance, or retirement from a
foreign subsidiary or affiliate will revert to the Company.

EMPLOYMENT RESTRICTION

It is understood that in accepting this assignment, you agree that you will not
engage in any employment or business enterprise that would in any way conflict
with your service to the interests of the Company.

REPATRIATION

Once your assignment has been successfully completed, you will be repatriated to
the U.S. PRG-Schultz will seek to provide you with a position equivalent to the
foreign assignment in terms of both base salary and grade. However, this is not
a guarantee of employment and is subject to the situation and circumstances at
the time of repatriation.

The Company will pay the cost of shipment of household good and personal effects
including, return transportation, temporary housing, and tax counseling services
upon repatriation to the U.S.

Voluntary Resignation

If the resignation is voluntary, the Company will not be responsible to relocate
you to your point of origin. In case the resignation is to take a position with
another company, it is expected that moving expenses will be obtained from the
new employer.

In the event of voluntary resignation not involving another position, the
Company will not be responsible for the cost of returning you, your family, and
belongings back to the point of origin.

                                                                               4
<PAGE>

Company Initiated Termination

If your employment with the Company is terminated without cause (initiated by
the Company), you will receive your base salary and bonus for the year in which
such termination occurs prorated through the date of such termination, plus a
severance payment, subject to adjustment as set forth below, equal to twelve
(12) months of base salary, payable monthly and subject to applicable payroll
taxes and deductions subject to signing and agreement and release. The Company
will also pay the cost of returning you, your family, and belongings, back to
the point of origin, and equal to the amount initially provided for your
relocation to United Kingdom. The Company will also provide reimbursement for
temporary living expenses up to 60 days.

In the event of termination by the Company for cause, the Company will pay you
through the termination date, plus any accrued, unused vacation time, any
business expenses incurred through the termination date. You will be responsible
for the cost of returning you, your family, and belongings, back to the point of
origin.

Termination for Cause means conviction of a felony, conviction of fraud,
embezzlement or attempted fraud or embezzlement of assets of the company, use of
illegal drugs, material breach of this contract, gross negligence or willful
misconduct in the performance of duties, breach of fiduciary duty to the
Company, such as engaging in directly competitive acts while employed with the
Company.

Return to the U.S. must be made within 30 days of termination of employment.

GENERAL

This Letter of Understanding specifies the conditions surrounding your
expatriate assignment to the United Kingdom as of your date of assignment. The
Company reserves the right to modify the terms and conditions of your
international assignment due to changes in company-wide policy. The actual
duration of your assignment shall be subject to the needs of the Company and
nothing contained herein shall be construed as an employment contract with the
Company for any fixed term or for any purpose. If your assignment is extended
beyond May 31, 2008, a new Letter of Understanding will be drawn up in
accordance with the Company's International Assignment Policy.

You agree that, should any difference between you and the Company be
adjudicated, this will be in accordance with U.S. law, not the United Kingdom
law.

Except for the adjustments related in this assignment letter regarding your
expatriate assignment, the terms of your employment agreement with PRG-Schultz
USA, Inc. dated June 1, 2001 (and subsequent addendums) shall continue in full
force and effect as originally executed.

Please signify your understanding of, and agreement with, the terms of this
agreement by initialing each page and signing below.

----------------------------             ------------------------------------
(Name)                                   (Name)

----------------------------             ------------------------------------
(Title)                                  (Title)

----------------------------             ------------------------------------
(Date)                                   (Date)

----------------------------
(Employee's Name)

                                                                               5<PAGE>

                  (HOULIHAN LOKEY HOWARD & ZUKIN CAPITAL LOGO)

                     HOULIHAN LOKEY HOWARD & ZUKIN CAPITAL

                               INVESTMENT BANKERS

                                  www.hlhz.com

October 21, 2005

To:  Schulte Roth & Zabel LLP ("SRZ"), as counsel to The Ad Hoc Committee (the
     "Ad Hoc Committee") of Holders of 4.75% Convertible Subordinated Notes due
     2006 (the "Notes") of PRG - Schultz International, Inc. and its affiliated
     and subsidiary corporations (collectively, "PRG" or the "Company"), in care
     of:

     Schulte Roth & Zabel LLP
     919 Third Avenue
     New York, NY 10022

     Attn: Jeffrey S. Sabin
     Counsel to the Ad Hoc Committee

     PRG - Schultz International, Inc.
     600 Galleria Parkway
     Suite 100
     Atlanta, GA 30339

     Attn: James McCurry
     President and CEO

Gentlemen:

This letter confirms the terms of the agreement between Houlihan Lokey Howard &
Zukin Capital, Inc. ("Houlihan Lokey" or the "Finn"), SRZ, as counsel to the Ad
Hoc Committee (the "Ad Hoc Committee Counsel"), and the Company concerning the
Ad Hoc Committee Counsel's engagement of Houlihan Lokey to provide financial
advisory and related services to the Ad Hoc Commitee Counsel in connection with
the restructuring of the Company.

1. SCOPE OF ENGAGEMENT. Houlihan Lokey's exclusive representation of the Ad
Hoc Committee Counsel in connection with include:

     (a)  Evaluating the assets and liabilities of the Company;

     (b)  Analyzing and reviewing the financial and operating statements of the
          Company;

     (c)  Analyzing the business plans and forecasts of the Company;

     (d)  Evaluating all aspects of the Company's near term liquidity, including
          all available financing alternatives;

          NEW YORK - 245 PARK AVENUE, 20TH FLOOR - NEW YORK, NY 10167
                      - TEL.212.497.4100 - FAX.212.661.3070
         LOS ANGELES CHICAGO SAN FRANCISCO WASHINGTON, D.C. MINNEAPOLIS
                           DALLAS ATLANTA LONDON PARIS
                      INVESTMENT ADVISORY SERVICES THROUGHT
                HOULIHAN LOKEY HOWARD & ZUKIN FINANCIAL ADVISORS.

<PAGE>

Ad Hoc Committee of Holders of the Notes of PRG
October 21, 2005                                                             -2-

     (e)  Providing such specific valuation or other financial analyses as the
          Ad Hoc Committee may require in connection with the case;

     (f)  Assessing the financial issues and options concerning any proposed
          Transaction; and

     (g)  Preparing analyzing and explaining any Transaction to various
          constituencies.

As used herein, the term "Transaction" shall include the Company's efforts to
enter into any agreement or series of agreements, or transaction or series of
transactions (which agreement or  transaction or series of transactions
subsequently closes within a reasonable time period thereafter), which in each
case may include, but is not limited to, the following:

          (i)  Any merger, consolidation, reorganization, recapitalization,
               business combination or other transaction pursuant to which the
               Company is acquired by, or combined with, any person, group of
               persons, partnership, corporation or other entity (including,
               without limitation, existing creditors, employees, affiliates,
               and/or shareholders) (collectively, a "Purchaser");

          (ii) The acquisition, directly or indirectly, by a Purchaser (or by
               one or more persons acting together with a Purchaser pursuant to
               a written agreement or otherwise) outside the ordinary course of
               the Company's business, in a single transaction or a series of
               transactions of (x) any of the assets or operations of the
               Company; or (y) any outstanding or newly-issued shares of the
               Company's capital stock (or any securities convertible into, or
               options, warrants or other rights to acquire such capital stock);

          (iii) The closing of any other sale, transfer or assumption of all or
               substantially all of the assets, liabilities or stock of the
               Company (including without limitation any consolidation or merger
               involving the Company);

          (iv) Obtaining the requisite consents or acceptances from the holders
               of the Notes to a restructuring/recapitalization either
               out-of-court or pursuant to a "pre-packaged" or "pre-arranged"
               Chapter 11 plan of reorganization, through a tender offer,
               exchange offer, consent solicitation or other process;

<PAGE>

Ad Hoc Committee of Holders of the Notes of PRG
October 21, 2005                                                             -3-

          (v)  The confirmation of any other Chapter 11 plan of reorganization
               or liquidation, the terms of which have been substantially agreed
               to by the Ad Hoc Committee; or

          (vi) The material credit enhancement of the Notes in conjunction with
               any other transaction involving the Company, the terms of which
               have been approved by the Ad Hoc Committee (collectively, a
               "Transaction").

2. EXCLUSIVE REPRESENTATION- Neither the Ad Hoc Committee, its constituents, nor
any of their advisors or professionals (including, but not limited to, Ad Hoc
Committee Counsel), shall be liable for the fees, expenses or other amounts
payable to Houlihan Lokey hereunder. Notwithstanding such arrangement, I
Houlihan Lokey's duties hereunder run solely to the Ad Hoc Committee Counsel,
and Houlihan Lokey is not authorized to be, and will not purport to be, acting
on behalf of, or at the direction of the Company for any purpose unless
otherwise agreed to by the Ad Hoc Committee Counsel and the Company, All
financial advice written or oral, provided by Houlihan Lokey to the Ad Hoc
Committee Counsel pursuant to this Agreement is intended solely for the use and
benefit of the Ad Hoc Committee Counsel, which agrees that such advice may not
be disclosed publicly or made available, other than to the Ad Hoc Committee, its
constituents, or any of its or their advisors or professionals, to third-parties
without the prior consent of Houlihan Lokey, which consent shall not be
unreasonably withheld. At the direction of Ad Hoc Committee Counsel, certain
communication and correspondence between Houlihan Lokey and the Ad Hoc
Committee, and work product and analyses prepared by Houlihan Lokey for the Ad
Hoc Committee in connection with this matter, will be considered in preparation
for litigation over the restructuring of the Company, and accordingly, will be
subject to the attorney-client privilege and work-product privilege between
Houlihan Lokey and the Ad Hoc Committee.

3. ADVISOR. Houlihan Lokey's services are limited to those specifically provided
in this Agreement or subsequently agreed-upon by the parties hereto, and
Houlihan Lokey shall have no obligation or responsibility for any other
services. Houlihan Lokey is providing its services hereunder as an independent
contractor, and the parties agree that this Agreement does not create an agency
or fiduciary relationship between Houlihan Lokey and the parties to this
Agreement

4. CONSIDERATION. As consideration for the services being provided by Houlihan
Lokey to assist the Ad Hoc Committee Counsel in analyzing various restructuring
options concerning the Company, the Company shall pay Houlihan Lokey a fee of
$100,000 per month (the "Monthly Fee(1)"). Notwithstanding any termination of
this Agreement, the Company agrees to pay Houlihan Lokey the Monthly Fee for a
minimum of three (3) months. Payment shall be made to Houlihan Lokey at the
address above, Attention: David R. Hilly. The first Monthly Fee shall be
pro-rated for the period October 21, 2005 through October 31, 2005 and shall be
due and payable in cash upon the Company and Houlihan Lokey's execution of this
Agreement. All additional
<PAGE>

Ad Hoc Committee of Holders of the Notes of PRG
October 21, 2005                                                             -4-

Monthly Fees shall be due and payable in cash in advance on the 1st day of each
month. In addition, the Company agrees to promptly reimburse Houlihan Lokey,
upon request from time to time, for all out-of-pocket expenses reasonably
incurred by Houlihan Lokey before termination (or related to Houlihan Lokey's
pre-termination services) in connection with the matters contemplated by this
Agreement. Out-of-pocket expenses shall include, but not limited to, all
reasonable travel expenses, duplicating charges, on-line service charges,
messenger services, delivery services, meeting services, long distance telephone
and facsimile charges incurred by Houlihan Lokey.

In addition, if a Transaction is consummated, upon the consummation of the
Transaction Houlihan Lokey shall be paid an additional fee (a "Transaction Fee")
equal to seventy-five (75) basis points of the value of the Aggregate Gross
Consideration ("ACG") received by holders of the Notes(1), payable in cash or,
at the option of the Ad Hoc Committee, in the same consideration received by the
holders of the Notes. For purposes of calculating the Transaction Fee, the
Aggregate Gross Consideration shall be the cumulative total proceeds and other
consideration paid to or received by, or to be paid or received by, the holders
of the Notes in connection with that Transaction and all Transactions
consummated on or prior to the date such Transaction was consummated, including,
but not limited to, cash, notes, securities, preferred stock, common stock,
other property and/or payments made in installments, all related rights, options
and contractual benefits, including, any interest payments received by the
holders of the Notes after the effective date of this Agreement. The Transaction
Fee shall be reduced by fifty percent (50%) of the aggregate Monthly Fees paid
to Houlihan Lokey following the fifth full month but in no event shall the
Transaction Fee be reduced to less than zero. The Transaction Fee shall be paid
upon the consummation of a Transaction either (i) during the term of this
Agreement or (ii) within twelve months of the effective date of termination of
this Agreement (such twelve-month period being referred to herein as the "Tail
Period.") unless paid in kind.

The parties acknowledge that a substantial professional commitment of time and
effort will be required by Houlihan Lokey and its professionals hereunder, and
that such commitment may foreclose other opportunities for the Firm. Moreover,
the actual time and commitment required for the engagement may vary
substantially from week to week or month to month, creating "peak load" issues
for the Firm. Given the numerous issues which may arise in these cases, the
Firm's

----------
(1)  For the purpose of calculating the value of the ACG received by the holders
     of the Notes represented by the Ad Hoc Committee in the Transaction, any
     consideration received, including, without limitation, cash, debt
     securities, equity securities, property or other interests or
     consideration, will be valued as follows: the greater of (i) if the value
     of such securities is disclosed in a court approved disclosure statement in
     support of a confirmed Chapter 11 plan, the value of the securities in such
     disclosure statement; or (ii) (x) if such securities are traded, the
     securities will be valued at the mean of the closing bid and asked
     quotations averaged for the ten trading days immediately prior to the
     closing of the Transaction; or (y) if such securities have not been traded
     prior to the closing of the Transaction, Houlihan Lokey will prepare a
     valution of the securities and, together with the Ad Hoc Committee and the
     Company, will mutually agree on a fair valuation thereof for the purposes
     of calculating the Transaction fee, provided that, for purposes of
     calculating the Transaction Fee under this agreement, the AGC shall not
     exceed the face amount of the Notes plus any accrued and unpaid interest
     thereon.

<PAGE>

Ad Hoc Committee of Holders of the Notes of PRG
October 21, 2005                                                             -5-

commitment to the variable level of time and effort necessary to address such
issues, the expertise and capabilities of Houlihan lokey that will be required
in this engagement, and the market rate for Houlihan Lokey's services of this
nature whether in, or out of court, the parties agree that the fee arrangement
hereunder is reasonable, fairly compensates Houlihan Lokey and provides
certainty to the Company and the Ad Hoc Committee.

5. BANKRUPTCY COURT: In the event the Company seeks protection under Title 11 of
the United States Code (the "Bankruptcy Code"), the Company shall affirmatively
support the retention of Houlihan Lokey by any Official Committee of Unsecured
Creditors appointed in the case or cases resulting from such filing pursuant to
section 1103 of the Bankruptcy Code and use all reasonable efforts to fulfill
its obligations owed upon such filing under this Agreement in a manner mutually
agreeable to the Ad Hoc Committee Counsel, the Company and Houlihan Lokey,
provided, however, that the form of documentation to satisfy the foregoing
obligations shall be acceptable to Houlihan Lokey in its sole discretion. Upon
the filing of a bankruptcy case, Houlihan Lokey's obligations to provide
services under this Agreement on behalf of the Ad Hoc Committee Counsel may, at
Houlihan Lokey's exclusive option, cease until such time as Houlihan Lokey is
authorized by the Bankruptcy Court having jurisdiction over the case to provide
services under Sections 328 and 1103 of the Bankruptcy Code, provided however,
that the obligations of the Company under this Agreement shall continue in full
force and effect.

6. TERMINATION. This Agreement is terminable upon ten (10) days written notice
by the Ad Hoc Committee Counsel, Houlihan Lokey or the Company, provided,
however, that (a) if the Agreement is terminated during the first three (3)
months of the engagement, the Company shall immediately pay Houlihan Lokey the
unpaid portion of those Monthly Fees for the first three (3) months of the
engagement, and (b) if the Agreement is terminated thereafter, the Company shall
pay Houlihan Lokey all previously unpaid Monthly Fees and the pro-rata portion
of the Monthly Fee for the month in which the Agreement is terminated. The
termination of the Agreement will not affect (a) the Company's indemnification,
reimbursement, contribution and other obligations set forth in this Agreement
and (b) Houlihan Lokey's right to receive, and the Company' obligation to pay
(i) any and all fees and expenses accrued as of the effective date of
termination of this Agreement, and (ii) those fees earned for a Transaction that
is consummated during the Tail Period as described in this Agreement.

7. INFORMATION. The Ad Hoc Committee and the Ad Hoc Committee Counsel
acknowledges and agrees that, in rendering its services hereunder, Houlihan
Lokey will be using and relying on information made available to it by the
Company and their advisors (the "Information") (and information available from
public sources and other sources deemed reliable by Houlihan Lokey) without
independent verification thereof by Houlihan Lokey or independent appraisal by
Houlihan Lokey. Houlihan Lokey does not assume responsibility for the accuracy
or completeness of the Information or any other information regarding the
Company.

8. CHOICE OF LAW; JURISDICTION. THIS AGREEMENT HAS BEEN NEGOTIATED, EXECUTED AND
DELIVERED AT AND SHALL BE DEEMED TO

<PAGE>

Ad Hoc Committee of Holders of the Notes of PRG
October 21, 2005                                                             -6-

HAVE BEEN MADE IN NEW YORK, NEW YORK. THIS AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. REGARDLESS OF
ANY PRESENT OR FUTURE DOMICILE OR PRINCIPAL PLACE OF BUSINESS OF THE PARTIES
HERETO, EACH PARTY HEREBY IRREVOCABLY CONSENTS AND AGREES THAT ANY CLAIMS OR
DISPUTES BETWEEN OR AMONG THE PARTIES HERETO PERTAINING TO THIS AGREEMENT OR TO
ANY MATTER ARISING OUT OF OR RELATED TO THIS AGREEMENT SHALL BE BROUGHT IN ANY
STATE OR FEDERAL COURT OF COMPETENT JURISDICTION IN THE STATE OF NEW YORK,
PROVIDED THAT SUCH CONSENT AND AGREEMENT SHALL NOT BE DEEMED TO REQUIRE ANY
BANKRUPTCY CASE INVOLVING THE COMPANY TO BE FILED IN SUCH COURTS. BY EXECUTION
AND DELIVERY OF THIS AGREEMENT, EACH PARTY SUBMITS AND CONSENTS IN ADVANCE TO
SUCH JURISDICTION IN ANY ACTION OR SUIT COMMENCED IN ANY SUCH COURT. EACH PARTY
HEREBY WAIVES ANY OBJECTION WHICH IT MAY HAVE BASED UPON LACK OF PERSONAL
JURISDICTION, IMPROPER VENUE OR FORUM NON CONVENIENS AND HEREBY CONSENTS TO THE
GRANTING OF SUCH LEGAL OR EQUITABLE RELIEF AS IS DEEMED APPROPRIATE BY SUCH
COURT. THE CONSENT TO SERVICE OF PROCESS IN ACCORDANCE WITH NEW YORK LAW. THE
PARTIES HERETO WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR
COUNTERCLAIM (WHETHER BASED UPON CONTACT, TORT OR OTHERWISE) RELATED TO OR
ARISING OUT OF THE ENGAGEMENT OF HOULIHAN LOKEY PURSUANT TO, OR THE PERFORMANCE
BY HOULIHAN LOKEY OF THE SERVICES CONTEMPLATED BY, THIS AGREEMENT.

9. AUTHORITY. The Company has all requisite corporate power and authority to
enter into this Agreement and the transactions contemplated hereby (including,
without limitation, any Transaction). The Company and Houlihan Lokey have fully
reviewed this Agreement, have obtained counsel on its terms, and have
participated in the drafting of this Agreement such that it shall not be
construed against any one party. This Agreement has been duly and validly
authorized by all necessary corporate action on the part of the Company and has
been duly executed and delivered by the Company and constitutes a legal, valid
and binding agreement of the Company, enforceable in accordance with its terms.

10. COUNTERPARTS. For the convenience of the parties, any number of counterparts
of this Agreement may be executed by the parties hereto. Each such counterpart
shall be, and shall be deemed to be, an original instrument, but all such
counterparts taken together shall constitute one and the same Agreement.

11. SEVERABILITY. If it is found in a final judgment by a court of competent
jurisdiction (not subject to further appeal) that any term or provision hereof
is invalid or unenforceable, (i) the remaining terms and provisions hereof shall
be unimpaired and shall remain in full force and effect and (ii) the invalid or
unenforceable provision or term shall be replaced by a term or
<PAGE>

Ad Hoc Committee of Holders of the Notes of PRG
October 21, 2005                                                             -7-

provision that is valid and enforceable and that comes closest to expressing the
intention of such invalid or unenforceable term or provision.

12. Entire Agreement. This Agreement embodies the entire agreement and
understanding of the parties hereto and supersedes any and all prior agreements,
arrangements and understanding relating to the mailers provided for herein. No
alteration, waiver, amendment, change or supplement hereto shall be binding or
effective unless the same is set forth in writing signed by a duly authorized
representative of each party.

13. Indemnification. As a material part of the consideration for Houlihan Lokey
to furnish its services under this Agreement, the Company shall indemnify
Houlihan Lokey and shall hold harmless Houlihan Lokey and its affiliates, and
their respective past, present and future directors, officers, shareholders,
employees, agents and controlling persons within the meaning of either Section
15 of the Securities Act of 1933, as amended, or Section 20 of the Securities
Exchange Act of 1934, as amended (collectively, the "Indemnified Parties"), to
the fullest extent lawful, from and against any and all losses, claims, damages
or liabilities (or actions in respect thereof), Ad Hoc Committee, or any
Transaction (as defined herein) or proposed Transaction contemplated thereby. In
addition, the Company shall reimburse the Indemnified Parties for any legal or
other expenses reasonably incurred by them in respect thereof at the time such
expenses are incurred; provided, however, there shall be no liability under the
foregoing indemnity and reimbursement agreement to the extent that any loss,
claim, damage or liability which is finally judicially determined (and from
which there is no further right of appeal) to have resulted from the willful
misconduct, gross negligence, bad faith or self-dealing of any Indemnified
Party.

If for any reason the foregoing indemnification is unavailable to any
Indemnified Party or is insufficient to hold any Indemnified Party harmless, the
Company shall contribute to the amount paid or payable by the Indemnified Party
as a result of such losses, claims, damages, liabilities or expenses in such
proportion as is appropriate to reflect the relative benefits received (or
anticipated to be received) by the Ad Hoc Committee and the Company, on the
one hand, and Houlihan Lokey, on the other hand, in connection with the proposed
Transaction and/or the services rendered by Houlihan Lokey. If, however, the
allocation provided by the immediately preceding sentence is not permitted by
applicable law or otherwise, then the Company shall contribute to such amount
paid or payable by any Indemnified Party in such proportion as is appropriate to
reflect not only such relative benefits, but also the relative fault of the Ad
Hoc Committee and the Company, on the one hand, and Houlihan Lokey, on the
other hand, in connection therewith, as well as any other relevant equitable
considerations. Notwithstanding the foregoing, the aggregate contribution of all
Indemnified Parties to any such losses, claims, damages, liabilities and
expenses shall not exceed the amount of fees actually received by Houlihan Lokey
pursuant to the Agreement.

<PAGE>

Ad Hoc Committee of Holders of the Notes of PRG
October 21, 2005                                                             -8-

The Ad Hoc Committee and the Company shall not effect any settlement or release
from liability in connection with any matter for which an Indemnified Party
would be entitled to indemnification from the Company unless, such settlement or
release contains a release of the Indemnified Parties reasonably satisfactory in
form and substance to Houlihan Lokey. Notwithstanding the immediately preceding
sentence, if Houlihan Lokey refuses to approve a confidential settlement,
compromise or discharge which would provide for an express full and
unconditional release of Houlihan Lokey and the other Indemnified Parties, and
which further provides that there shall be no action of, agreement, payment or
admission by, or any adverse statement with respect to the character,
professionalism, due care, loyalty, expertise or reputation of, Houlihan Lokey
or any other Indemnified Party, the Company may enter into such proposed
settlement, compromise or discharge on behalf of any or all of the defendants
other than the Indemnified Parties, and thereafter the Company shall have no
further obligation to pay any judgment rendered against, or to pay the amount of
any settlement subsequently agreed to by any Indemnified Party. The Ad Hoc
Committee and/or the Company shall not be required to indemnify any Indemnified
Party for any amount paid or payable by such party in the settlement or
compromise of any claim or action without the prior written consent of the Ad
Hoc Committee and the Company.

Within the earlier of one year from the termination of this Agreement or the
consummation of a Transaction, prior to entering into any agreement or
arrangement with respect to, or effecting, any (i) merger, statutory exchange or
other business combination or proposed sale, exchange, dividend or other
distribution or liquidation of all or a significant proportion of its assets, or
(ii) significant recapitalization or classification of its outstanding
securities that does not directly or indirectly provide for the assumption of
the obligations of the Company set forth in this Agreement, the Company will
notify Houlihan Lokey in writing thereof (if not previously so notified) and, if
requested by Houlihan Lokey, shall arrange in connection therewith alternative
means of providing for the obligations of the Company set forth herein,
including the assumption of such obligations by another party, insurance, surety
bonds or the creation of an escrow, in each case in an amount and upon terms and
conditions reasonably satisfactory to Houlihan Lokey.

The Ad Hoc Committee and the Company further agree that neither Houlihan Lokey
nor any other Indemnified Party shall have any liability, regardless of the
legal theory advanced, to the Ad Hoc Committee, the Company or any other person
or entity (including the Company" equity holders and creditors) related to or
arising out of Houlihan Lokey's engagement, except to the extent that any
liability for losses, claims, damages, liabilities or expenses incurred by the
Ad Hoc Committee and/or the Company which are finally judicially determined to
have resulted from the willful misconduct, gross negligence, bad faith or
self-dealing of any Indemnified Party. The indemnity, reimbursement,
contribution and other obligations and agreements of the Ad Hoc Committee and
the Company set forth herein shall apply to any modifications of this Agreement,
shall be in addition to any liability which these parties may otherwise have,
and shall be binding upon and inure to the benefit of any successors, assigns,
heirs and personal representatives of these parties and each Indemnified Party.
The foregoing indemnification provisions shall survive

<PAGE>

Ad Hoc Committee of Holders of the Notes of PRG
October 21, 2005                                                             -9-

the consummation of any Transaction and/or any termination of the relationship
established by this Agreement.

The obligations of Houlihan Lokey are solely corporate obligations, and no
officer, director, employee, agent, shareholder or controlling person of
Houlihan Lokey shall be subjected to any personal liability whatsoever to any
person, nor will any such claim be asserted by or on behalf of any other party
to this Agreement or any person relying on the services provided hereunder. The
Company's obligations with respect to any and all payments owing to Houlihan
Lokey and the indemnification, reimbursement, contribution and other similar
obligations of the Company under this Agreement shall survive any termination of
this Agreement.

Accepted and agreed to as of the date above.

PRG - SCHULTZ INTERNATIONAL, INC.

/s/ James E. Moylan, Jr.
-------------------------------------
BY: James E. Moylan, Jr.
Title: EXECUTIVE VICE PRESIDENT AND
       CHIEF FINANCIAL OFFICER

ON BEHALF OF THE AD HOC COMMITTEE:
AD HOC COMMITTEE COUNSEL
SCHULTE ROTH & ZABEL LLP

-------------------------------------
By: Jeffrey Sabin

HOULIHAN LOKEY HOWARD & ZUKIN CAPITAL, INC.

/s/ David R.Hilty
-------------------------------------
By: David R.Hilty
    Managing Director

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00100-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00100-of-00352.parquet"}]]