Document:

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                 AGREEMENT OF TERMINATION OF EMPLOYMENT CONTRACT
                   AND FIRST AMENDMENT TO EMPLOYMENT CONTRACT

This Agreement of Termination ("Agreement") of the Employment Contract and First
Amendment to Employment Contract, by and between HealthAxis Inc. (f/k/a
Provident American Corporation), HealthAxis.com, Inc. and Alvin H. Clemens, is
dated as of the 15th day of August, 2000, by and between HealthAxis Inc. a
Pennsylvania corporation ("HAI"), HealthAxis.com, Inc. ("HealthAxis"), a
Pennsylvania corporation (hereinafter HAI and HealthAxis are sometimes
collectively the "Company") and Alvin H. Clemens, an individual ("Executive"),
residing at 907 Exeter Crest, Villanova, Pennsylvania 19085.

                                   BACKGROUND

WHEREAS, Pursuant to an Employment Contract dated as of February 19, 1997, as
amended as of July 28, 1999, Executive has been serving as Chairman of the Board
of Directors of HAI and HealthAxis, and

WHEREAS, HAI, HealthAxis and Executive are desirous of terminating the
Employment Contract and reaching a full and final settlement of any and all
compensation due Executive under the terms and conditions of the Employment
Contract, as amended; and

WHEREAS, at a Meeting of the Board of Directors of HAI on August 9, 2000, the
Board of Directors and Executive reached an agreement stipulating the terms and
conditions of a settlement in consideration of the termination of the Employment
Contract, as amended, and the grant to the Company of a full release of
liability by and from Executive; and

WHEREAS, HealthAxis and Executive agree that the full release of liability of
HAI and HealthAxis and the non-competition and confidentiality restrictions are
in consideration of an offer of employment to Executive to serve as
non-executive Chairman on an "employment-at-will" basis with HealthAxis.

NOW, THEREFORE, in consideration of the foregoing and of the mutual promises and
undertakings contained in the Employment Contract and First Amendment to
Employment Contract ("Employment Agreements"), and for other good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, and
intending to be legally bound hereby, the Company and Executive hereto agree as
follows:

I.       Termination of Employment Agreements. Subject as provided in Section
         XVII hereof, the Company and Executive agree to terminate in full the
         Employment Agreements as of August 15, 2000. Such termination releases
         HealthAxis from any and all liability under the terms and conditions of
         the Employment Agreements, and releases HAI from all liability under
         the terms and conditions of the Employment Agreements other than
         payment of the Compensation under Section II herein.

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II.      Compensation. Executive agrees to waive all compensation and benefits,
         including but not limited to cash compensation for base salary, annual
         bonus/incentive compensation, termination benefits, and employee
         benefit plans, vacation, expenses (including Country Club dues) and
         company-provided automobile, due him under the Employment Agreements,
         and to accept in lieu thereof, notwithstanding anything contained to
         the contrary in the Employment Agreements relating to severance
         compensation or termination payments therein, as full, fair and final
         compensation and consideration for the Termination of the Employment
         Agreements the following:

         (a)  Compensation Amount. Subject to the limitations set forth in
              subparagraph (b) and the Aggregate Share Limit set forth in
              subparagraph (e) hereof, compensation in the amount of Two Million
              One Hundred Twenty Five Thousand Dollars ($2,125,000) (the
              "Severance Amount") shall be paid to Executive in equal
              installments of One Hundred Six Thousand Two Hundred Fifty Dollars
              ($106,250) (the Installment Severance Amount") on a quarterly
              basis with the first installment payable commencing on the first
              15th day of the first full month following the earlier of (a)
              effectiveness of the merger contemplated by the Amended and
              Restated Agreement and Plan of Reorganization between HAI and
              HealthAxis and (b) June 30, 2001. Such payments will continue for
              an additional nineteen (19) quarters thereafter (collectively the
              "Installment Period" and each such quarterly date hereinafter
              referred to as a "Quarterly Payment Date"). Pursuant to section
              II(e). hereof, this compensation amount is restricted by the
              Aggregate Share Limit as defined in subparagraph (e) below.

         (b)  Form of Compensation. At the sole discretion of the Company, but
              subject as provided in Section III(b), the compensation payable
              under this Agreement may be made in the form of (i) shares of
              common stock of HealthAxis Inc. ("stock"), or (ii) cash. In the
              event the Company chooses to pay Executive in the form of shares
              of common stock, then the number of shares to be paid and
              delivered to Executive on any Quarterly Payment Date shall be
              determined by dividing the $106,250 installment by the Average
              Closing Price of the common stock of HealthAxis Inc. for the 20
              consecutive trading days immediately preceding such Quarterly
              Payment Date (the "Trading Period"); provided, however, that, in
              the event the Average Closing Price for the Trading Period shall
              be less than three dollars ($3.00) per share, then the Average
              Share Price for purposes of calculating the number of shares
              payable to Executive on such Quarterly Payment Date pursuant to
              this subparagraph shall nevertheless be deemed to be three dollars
              ($3.00) and, accordingly, the maximum number of shares of stock
              payable on any Quarterly Payment Date shall be 35,416.

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         (c)  Timing of Payment. Payments hereunder, whether in the form of
              stock or cash shall be delivered to Executive within ten (10)
              business days of the Quarterly Payment Date or the Election Date
              as described in Section II(f) below.

         (d)  Payments. Shares of common stock deliverable hereunder shall be
              made by delivery of a stock certificate issued in the name of
              Executive and delivered to Executive at his then current residence
              address via express mail. Payment of cash consideration shall be
              in the form of check or wire transfer (at HAI's discretion) less
              applicable federal, state and local taxes.

         (e)  Aggregate Share Limit. Notwithstanding anything in the foregoing
              to the contrary, the maximum number of shares payable to Executive
              hereunder shall be limited to Five Hundred Thousand (500,000) (the
              "Aggregate Share Limit"). In the event the Company delivers (or is
              deemed to deliver, as provided in subparagraph (III(b) below) to
              Executive a number of shares of stock equal to the Aggregate Share
              Limit, or the Company exercises its right to pre-pay Executive in
              part or in full pursuant to subparagraph III(f)(2) below, then
              Executive agrees that all compensation payable under Section II.a.
              of this Agreement shall have been paid in full. In no event may
              the sum of (i) the aggregate value of the shares delivered to
              Executive (determined as provided in Section II(b) for each share
              delivery), and (ii) the aggregate value of the Tax Payments made
              pursuant to Section III(b) exceed the total Severance Amount.

         (f)  Pre-Payment Option. (1) During the first quarter of each calendar
              year of the term of the Installment Period outlined in section
              II(a) above, but no later than March 31st of each such quarter
              (the "Election Date"), at the sole option of the Company, it may
              elect and must inform Executive in writing of its intention to pay
              Executive the Severance Amount due for the then current year,
              either on the quarterly installment basis or as a single annual
              installment for the entire calendar year, provided however, that
              this option to prepay is subject to the Average Closing Price of
              the common stock of HealthAxis Inc. for the 20 consecutive trading
              days immediately preceding such Election Date being at or above
              $4.25 per share. In the event the Company elects to prepay as a
              single annual installment for the entire calendar year, the
              Company shall pay such amount pursuant to Section II(c) above. (2)
              Notwithstanding the provisions in II(f)(1) above, at any time
              during the Installment Period, but subject to the $4.25 price
              floor described in II(f)(1) above, the Company may elect to
              discharge all (or such portion as may be discharged using the
              balance of the shares remaining from the Aggregate Share Limit),
              or any part greater than that required to be discharged as at that
              Quarterly Payment Date, of its responsibilities under this
              Agreement by pre-paying Executive all or such portion of the
              outstanding Severance Amount herein using any such number of the
              remaining shares within the Aggregate Share Limit valued at the
              Average Closing Price for the Trading Period immediately prior to

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              such election. [For example: if the remaining compensation due
              Executive were $1,000,000, and the Average Closing Price of
              HealthAxis Inc. common stock for any immediately preceding
              consecutive 20 trading days was $10 per share, then subject to
              share availability under the Aggregate Share Limit, the Company
              could opt to pay off Executive by issuing 100,000 shares as full
              and final payment of its obligations herein.] Nothing in this
              Section shall limit the Executive's right to receive cash in lieu
              of shares of stock as provided in section III(b) herein.

         (g)  Expense Reimbursement. Executive shall be reimbursed for all
              reasonable, legitimate and documented business-related expenses
              incurred by Executive through the date of this Agreement subject
              to the approval of the President and CEO of HAI.

         (h)  Bankruptcy. In the event HAI files a case of voluntary or
              involuntary bankruptcy, this obligation shall be treated as a cash
              obligation.

III.     TAXES.

         (a)  Executive shall be liable for all federal, state and local taxes
              that are rightfully payable by Executive on all compensation
              received hereunder.

         (b)  At and upon the election of Executive (to be made by written
              notice to HAI not later than ten (10) business days prior to any
              Quarterly Payment Date), HAI agrees to reduce the compensation
              otherwise payable in the form of stock in accordance with section
              II(b)(i) above by an amount equal to 33-1/3% of the value of such
              stock and to pay such amount in cash (the "Tax Payment") to
              Executive on the Quarterly Payment Date; provided, however, that,
              for purposes of the Aggregate Share Limit, HAI shall be deemed to
              have issued to Executive (in addition to the shares of stock
              actually issued on such Quarterly Payment Date) a number of shares
              of stock equal to the amount of the Tax Payment divided by the
              applicable Average Closing Price. The Tax Payment is designed to
              permit Executive to pay his federal, state and local taxes
              associated with income to be recognized by Executive with respect
              to payments made hereunder on each Quarterly Payment Date, which
              Tax Payment the Company further agrees to forward to the
              appropriate taxing authorities.

IV.      RELEASE.

         (a)  Consideration. HealthAxis agrees to employ Executive on an
              "at-will" basis as a non-executive Chairman compensated at an
              annual salary rate of $100,000 per year, including standard
              medical benefits, business-related expense reimbursement, and the
              use of an office and secretary as further described in an offer
              letter dated September 19, 2000 from HealthAxis to Executive.
              Executive will also be entitled to be considered for an annual
              bonus, as determined by HealthAxis' Board of Directors based on
              criteria developed by it regarding Executive's contribution to the
              business and profitability of HealthAxis. THIS EMPLOYMENT IS ON AN

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              "AT-WILL" BASIS, FOR NO DEFINITE PERIOD OF TIME, AND THE
              RECITATION OF THE COMPENSATION HEREIN DOES NOT CREATE AN
              EMPLOYMENT CONTRACT BETWEEN HEALTHAXIS AND EXECUTIVE. EXECUTIVE
              AGREES TO ACCEPT SUCH AN OFFER OF EMPLOYMENT IN EXCHANGE FOR THE
              RELEASE OF LIABILITY GRANTED TO HEALTHAXIS AND HAI AS OUTLINED
              BELOW. EXECUTIVE FURTHER UNDERSTANDS AND ACCEPTS THAT HIS
              EXECUTION OF THIS AGREEMENT AND THE RELEASE OF LIABILITY INCLUDED
              HEREIN IS A MATERIAL CONDITION FOR THE SUBSEQUENT EMPLOYMENT WITH
              HEALTHAXIS AND FORMS A SEPARATE CONSIDERATION ABOVE AND BEYOND
              THAT WHICH IS PAYABLE TO EXECUTIVE UNDER THE TERMS OF THE
              EMPLOYMENT AGREEMENTS.

         (b)  Subject as provided in Section IV(e) hereof and as to the split
              dollar, Executive for himself, and for his respective heirs,
              executors, administrators, affiliates, successors and assigns (all
              such entities and individuals hereinafter collectively referred to
              as the "Releasing Parties"), hereby releases, acquits, and forever
              discharges HAI and HealthAxis, jointly and severally, and their
              former and present agents, directors, officers, stockholders,
              employees, servants, affiliates, owners, subsidiaries, divisions,
              successors, predecessors and assigns (all such entities and
              individuals hereinafter collectively referred to as the "Released
              Parties"), of and from any and all claims, actions, causes of
              action, demands, rights, damages, debts, compensation, costs, or
              other expenses, including without limitation attorneys' fees, of
              any nature whatsoever, whether known or unknown, which Executive
              ever had, now has, or which he, his heirs, executors,
              administrators, successors and assigns hereafter can, shall or may
              have against the Released Parties arising out of employment
              agreements and any matter, cause, acts, conduct, claims or events
              from the beginning of the world to the date hereof, pertaining to
              or relating to the Executive's employment with HealthAxis Inc. and
              HealthAxis.com, Inc. (with the exception of Executive's right to
              enforce the payment of compensation hereunder), including but not
              limited to, each and every claim, demand or cause of action which
              Executive, ever had or now has arising out of Executive's
              employment and employment agreements with the Released Parties,
              any and all compensation, benefits (including but not limited to
              medical, retirement & pension, termination benefits, business and
              travel expense accounts (including country club and professional
              dues, vacation and use of company-leased automobile or automobile
              allowances), as an employee, officer, independent contractor or
              consultant, or the cessation thereof, under any federal, state, or
              local statute, rule, regulation or principle of common law,
              including, but not limited to, any claims under Title VII of the
              Civil Rights Act of 1964, as amended, 42 U.S.C.ss.ss.2000e et
              seq.; the Age Discrimination in Employment Act, as amended, 29
              U.S.C.ss.ss.621 et seq.; the Americans with Disabilities Act, 42
              U.S.C.ss.ss.12101 et seq.; the Employee Retirement Income Security
              Act of 1974, as amended, 29 U.S.C.ss.ss.1001 et seq.; or under any
              other federal state or local statute, rule or regulation or
              principle of employment or contract law.

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         (c)  Executive understands and agrees that this release is the
              compromise of all past, present and future doubtful and disputed
              claims and does not constitute an admission of liability by the
              RELEASED PARTIES under any federal, state or local statute,
              regulation or principle of common law, any such liability being
              expressly denied.

         (d)  RELEASING PARTIES EXPRESSLY FOREVER AND COMPLETELY WAIVE ANY
              RIGHTS OR CLAIMS RELEASING PARTIES MAY HAVE UNDER LAW NOW OR IN
              THE FUTURE TO ASSERT CLAIMS OR FILE ACTIONS OR DEMANDS AGAINST THE
              COMPANY ALLEGING THAT THIS RELEASE IS INVALID OR UNENFORCEABLE FOR
              FAILURE OF THE COMPANY TO PROVIDE ADDITIONAL CONSIDERATION ABOVE
              AND BEYOND THAT WHICH IT IS REQUIRED TO PROVIDE UNDER THE TERMS OF
              THE EMPLOYMENT AGREEMENTS. RELEASING PARTIES EXPRESSLY ACCEPT THE
              CONSIDERATION GRANTED HEREIN AS FULL AND FINAL PAYMENT FOR THE
              TERMINATION OF THE EMPLOYMENT AGREEMENTS AND THE ADDITIONAL
              CONSIDERATION OF AN OFFER OF EMPLOYMENT ON AN AT-WILL BASIS AS THE
              CONSIDERATION FOR THE RELEASE OF LIABILITY OF COMPANY PURSUANT TO
              THE TERMS AND CONDITIONS OUTLINED HEREIN.

         (e)  This Release does not limit Executive's right to indemnification
              as a Director or Officer either directly from the Company or
              through its Directors & Officers Liability Insurance Policy for
              damages arising out of Executive's service to the Company as a
              Director or Officer, nor does it limit Executive's rights as a
              shareholder or option holder, provided however that Executive
              waives all rights as a shareholder to bring any claims, actions,
              causes of action, demands, rights, damages, debts, compensation,
              costs or expenses, which make reference to or are based in whole
              or in part on Executive's employment with the Company, his
              employment and compensation agreements or the termination of any
              of such foregoing. Executive's rights as an option holder shall be
              strictly limited to those necessary to enforce the terms and
              conditions of any options granted to him. Finally, except for
              HealthAxis, as to which the Release set forth herein shall be
              effective immediately, the Release contained in this Section IV
              shall be effective upon closing of the Merger Transaction referred
              to and described in Section XVII.

V.       ASSIGNMENT.  This  Agreement  shall be  assignable  by either  HAI or
         HealthAxis  to any person or entity acquiring all or substantially all
         of the assets of either thereof.

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VI.      SEVERABILITY OF PROVISIONS. If any of the provisions of this Agreement
         or the application of any such provision shall for any reason be held
         invalid by a court of competent jurisdiction, such invalidity shall not
         affect or impair any other provision, it being the intention of the
         parties that such other provisions shall be and remain in full force
         and effect.

VII.     BINDING EFFECT. This Agreement shall inure to the benefit of and shall
         be binding upon HAI and HealthAxis, its and their respective successors
         and assigns, and any corporation which may acquire all or substantially
         all of the assets of either HAI or HealthAxis or into which the parties
         may be consolidated or merged, and shall inure to the benefit of
         Executive's personal or legal representatives, executors,
         administrators, successors, heirs, distributees, devisees and legatees.
         Upon the Executive's death, all amounts to which he is entitled
         hereunder, unless otherwise provided herein, shall be paid in
         accordance with the terms of this Agreement to the Executive's devisee,
         legatee, or other designee, or, if there be no such designee, to the
         Executive's estate.

VIII.    GOVERNING LAW/CONSENT TO JURISDICTION. This Agreement shall be governed
         by and construed in accordance with the laws of the Commonwealth of
         Pennsylvania. The parties hereto agree to consent to the jurisdiction
         and venue of the courts of the Commonwealth of Pennsylvania located in
         Montgomery County, Pennsylvania, and of the United States District
         Court for the Eastern District of Pennsylvania, and agree that all
         disputes between the parties shall be litigated only therein.

IX.      ENTIRE AGREEMENT. This Agreement and the Offer Letter of September 19,
         2000, represents the entire agreement of the parties, and supersedes
         all prior understandings and agreements between the parties relating to
         the subject matter of the employment of Executive, including all
         employment contracts and amendments thereto. This Agreement may not be
         modified or amended except by an instrument in writing signed by all of
         the parties hereto.

X.       EXECUTION IN COUNTERPARTS. This Agreement may be executed by the
         parties hereto signing the same instrument, or by each party hereto
         signing a separate counterpart or counterparts, each of which shall be
         deemed to be an original, but all of which together shall constitute
         one and the same instrument. The parties agree that documents executed
         by facsimile shall be acceptable in this transaction, and the
         signatures thereof shall have the same force and effect as original
         signatures.

XI.      WAIVER. The failure of any party to insist in any one or more instance
         upon the performance of any of the terms or conditions of this
         Agreement shall not be construed as a waiver of future performance of
         any such terms, convenants or conditions, but the obligations of either
         party with respect thereto shall continue in full force and effect.

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XII.     ACKNOWLEDGEMENT. Executive declares and represents that he has read and
         fully understands the terms of this Agreement and the Release herein,
         has had advice and assistance of counsel with respect thereto, and
         knowingly and of his own free will, without any duress, being fully
         informed and after due diligence, voluntarily accepts the terms of this
         Agreement and Release and signs the same as his own free act for the
         purpose of making full compromise, termination and settlement of all
         contract and other claims.

XIII.    REPRESENTATION. Each of HealthAxis and HAI represents and warrants that
         it is entering into this Agreement with the approval of its respective
         Board of Directors.

XIV.     NON-COMPETITION. In consideration of HealthAxis' agreement to employ
         Executive on an at-will basis as herein provided, Executive agrees that
         for a period of twenty-four (24) months following his last day of
         employment with HealthAxis, he shall not, within a geographic limit of
         50 miles of any location of the Company, any of its affiliated
         companies, or any agency, directly or indirectly own, manage, operate,
         consult, join, control, invest in (other than as a holder of not in
         excess of 5% of the outstanding voting shares of any publicly traded
         company), be employed by, participate in the formation, ownership,
         management, operation or control of, or be connected in any manner
         with, any existing or proposed technology or e-commerce company that
         directly competes with the business of HealthAxis. In the event
         Executive is terminated without cause from employment with HealthAxis,
         the terms and conditions of this section shall be null and void.

XV.      NON-SOLICITATION AND CONFIDENTIALITY. Executive acknowledges that he
         has and will acquire confidential information of a special and unique
         nature and value relating to HealthAxis' intentions, plans, procedures,
         confidential reports, financial resources, shareholders, investors, and
         prospective clients and business. In this regard and in consideration
         of HealthAxis' agreement to employ Executive on an at-will basis as
         herein provided, Executive agrees that for a period of eighteen (18)
         months from the date of this Agreement he will not :

         1.   persuade or attempt to persuade any customer of HealthAxis to
              cease doing business with HealthAxis, or persuade or attempt to
              persuade any potential customer not to become a customer of
              HealthAxis; and

         2.   persuade or attempt to persuade any employee of HealthAxis to
              leave the HealthAxis' employ, or to become employed by any person,
              firm, or corporation other than HealthAxis; and

         3.   divulge to anyone (other than HealthAxis or any person employed or
              designated in writing by HealthAxis), make any unauthorized use
              of, or publish or use for their benefit or to HealthAxis'
              detriment, any knowledge or information of any type whatsoever of
              a confidential nature relating to the businesses of HealthAxis.

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         In the event Executive is terminated without cause from employment with
         HealthAxis, the terms and conditions of this section shall be null and
         void.

XVI.     PiggyBack Registration Rights. Each time that the Company proposes for
         any reason to register under the Securities Act of 1933, as amended,
         shares of its authorized but unissued Common Stock or shares held in
         Treasury for its account or shares of its Common Stock held by or on
         account of other stockholders (collectively "Registrable Securities"),
         other than pursuant to a Registration Statement on Form S-4 or Form S-8
         or similar or successor forms, the Company shall promptly give written
         notice of such proposed registration to Executive of its intention to
         so register such Registrable Securities, and, upon the written request
         of Executive given within fifteen (15) days after delivery of any such
         notice by the Company to include in such registration any or all of the
         Executive's Shares so designated by him, the Company shall use its best
         efforts to cause all such Executive's shares of Common Stock issued
         pursuant to this Agreement to be included in such registration;
         provided however, that if such registration would in the judgment of
         the underwriter managing such offering (in the case of a firm
         commitment underwriting) interfere with the successful marketing
         (including pricing) of any Registrable Securities proposed to be
         registered by the Company, then the number of Executive's shares to be
         included in such registration may be reduced to such appropriate number
         as would in the judgment of such managing underwriter (in the case of a
         firm commitment underwriting), if applicable, be necessary in order to
         make the registration practicable.

XVII.    Condition. Except for the release of HealthAxis under Section IV hereof
         (which shall be effective immediately upon the execution and delivery
         of this Agreement by all parties hereto), this Agreement, and all
         terms, conditions, rights, releases and obligations hereunder, shall
         only be effective upon, and shall be conditioned upon, the closing of
         the Merger Transaction provided for in the Agreement and the Plan of
         Reorganization between HAI and HealthAxis, dated January 26, 2000, and
         as amended thereafter, including amendments after the date hereof, or
         any successor agreement providing for the merger of HAI with and into
         HealthAxis (or the acquisition by HealthAxis of all or substantially
         all of the stock or assets of HAI) (the "Merger Transaction"). In the
         event the Merger Transaction does not close on or before June 30, 2001,
         this Agreement (except for the release hereinabove described) shall be
         null and void, ab initio, with no force or effect upon any of the
         parties hereto.

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

WITNESS:                                         EXECUTIVE

/S/EVA MARIE SEETON                              /S/ ALVIN H. CLEMENS
---------------------------------                ---------------------------
EVA MARIE SEETON                                 ALVIN H. CLEMENS

ATTEST:                                          HEALTHAXIS INC.

/S/MICHAEL G. HANKINSON                          /S/MICHAEL ASHKER
---------------------------------                ---------------------------
MICHAEL G. HANKINSON, ASST. SEC'Y                MICHAEL ASHKER, CEO & PRES.

ATTEST:                                          HEALTHAXIS.COM, INC.

/S/MICHAEL G. HANKINSON                          /S/MICHAEL ASHKER
---------------------------------                ---------------------------
MICHAEL G. HANKINSON, SECRETARY                  MICHAEL ASHKER, CEO &PRES.

                                       10<PAGE>

September 26, 2000

Harold Davis, Tracy L Mignatti and
Michael F. Beausang, Trustees of the
Mark Twain Trust II, dated 11/12/93

Alvin H. Clemens
Valerie A. Clemens
c/o HealthAxis Inc.
2500 DeKalb Pike
East Norriton, PA 19401

         Re:      Split Dollar Life Insurance Plan
                  --------------------------------

Dear Tracy and Gentlemen:

HealthAxis, Inc. ("HAXS"), HealthAxis.com, Inc. ("HA") and Alvin H. Clemens
("Alvin") have entered into an Agreement of Termination of Employment Contract
and First Amendment to Employment Contract dated as of August 15, 2000 (the
"Termination Agreement") with respect to the employment agreements described
therein (the "Employment Agreements"). As part of the transaction contemplated
by the Termination Agreement, HAXS has indicated its intention to terminate the
Split Dollar Life Insurance Plan Limited Collateral Assignment, dated March 17,
1993, as amended on April _____, 1996 (the "Split Dollar Agreement"), among
HAXS, the undersigned Trustees (the "Trustees"), Alvin and his spouse, Valerie
A. Clemens ("Valerie"). Therefore, this letter agreement outlines the mutual
performance obligations of HAXS, the Trustees and Alvin regarding the life
insurance policies listed in and covered by the Split Dollar Agreement
(collectively, the "Policies" and, individually, a "Policy").

                                      TERMS

I.       No later than December 31, 2000, the Trustees (or their designee) shall
         either: (i) pay HAXS 100% of the cash surrender value of the Policies;
         or (ii) execute all of the necessary paperwork required to transfer to
         HAXS all rights and interests in each such Policy, including, but not
         limited to, the right to terminate each such Policy and receive 100% of
         its cash surrender value (hereinafter referred to as "Ownership of the
         Policies") (either (i) or (ii) is herein referred to individually by
         letter or collectively as the "Transaction"). As used herein, the term
         "cash surrender value" shall mean and refer to the sum payable by the
         insurer which issued each Policy to the owner thereof upon surrender of
         the Policy for cancellation.
<PAGE>

Harold Davis, Tracy L Mignatti and
Michael F. Beausang, Trustees of the
Mark Twain Trust II, dated 11/12/93
Alvin H. Clemens
Valerie A. Clemens
September 26, 2000

II.      The Trustees shall provide HAXS with written notice no later than
         November 15, 2000 as to which alternative Transaction, (i) or (ii)
         above, they choose with respect to each Policy. Absent such a timely
         notice, the Trustees shall conclusively be deemed to have elected
         Transaction (ii). In both cases, the Transaction contemplated shall be
         closed on or before December 31, 2000 (the "Final Date"), with time of
         the essence.

III.     Upon payment of the cash surrender value for both Policies to HAXS,
         completion of the transfer of Ownership of the Policies to HAXS, or
         payment of the cash surrender value of one Policy and the transfer of
         Ownership of the other to HAXS, the Split Dollar Agreement shall be
         deemed terminated, of no further force or effect, and all duties and
         obligations of the parties thereunder, whether existing, accrued or
         prospective, shall be null and void.

IV.      This Agreement shall be binding upon HAXS, the Trustees, Alvin, Valerie
         and their respective heirs, successors and assigns.

V.       In the event the Trustees default under the terms and conditions of
         this Agreement by failing to pay HAXS under Transaction (i) or failing
         to execute the necessary paperwork required to transfer Ownership of
         the Policies to HAXS on or before the Final Date, HAXS may, as of the
         Final Date, offset the amounts due to Clemens under the Termination
         Agreement by the cash surrender value on the Final Date of any Policy
         whose cash surrender value has not then been received by HAXS.

VI.      Each party shall be responsible for the federal, state, local or other
         tax consequences associated with its execution, delivery and
         performance of this Agreement.

VII.     The parties acknowledge and agree that each Trustee is executing this
         Agreement solely in a representative capacity on behalf of the Trust,
         and no Trustee shall have or assume any personal liability on account
         of any matter or thing arising under, out of or related to the
         execution, delivery or performance of this Agreement.

Very truly yours,
HEALTH AXIS, INC.

/s/ Michael Ashker
---------------------
Michael Ashker
President & CEO
<PAGE>

Harold Davis, Tracy L Mignatti and
Michael F. Beausang, Trustees of the
Mark Twain Trust II, dated 11/12/93
Alvin H. Clemens
Valerie A. Clemens
September 26, 2000

Accepted and Agreed to on this 26th day of September 2000.

                                             MARK TWAIN TRUST II

/s/ Alvin H. Clemens                         By: /s/ Harold M. Davis
--------------------------------                 -------------------------------
Alvin H. Clemens                                 Harold M. Davis, Trustee

/s/ Valerie F. Clemens                       By: /s/ Tracy L. Mignatti
--------------------------------                 -------------------------------
Valerie F. Clemens                               Tracy L. Mignatti, Trustee

                                             By:
                                                 -------------------------------
                                                 Michael F. Beausang, Trustee

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