Document:

LOAN AGREEMENT

     LOAN AGREEMENT, dated as of March 31, 2003, between HUDSON HIGHLAND GROUP,
INC., a Delaware corporation having its principal office at 622 Third Avenue,
New York, New York 10017 (the "Borrower"), and TMP WORLDWIDE INC., a Delaware
corporation having its principal office at 622 Third Avenue, New York, New York
10017 (the "Lender").

                                R E C I T A L S:

     The Borrower desires the Lender, and the Lender is willing, subject to and
upon the terms and conditions set forth in this Agreement and in the "Financing
Agreements" (as hereinafter defined), to make cash advances to the Borrower from
the date hereof through the Maturity Date ( as hereinafter defined) in the
aggregate principal sum not in excess of $15,000,000 at any one time
outstanding, which advances shall be due and payable in full on the Maturity
Date.

     NOW, THEREFORE, IT IS AGREED:

     SECTION 1.  DEFINITIONS AND ACCOUNTING TERMS.

     1.1  Defined Terms. As used in this Agreement, the following terms shall
have the following meanings, unless the context otherwise requires:

     "Affiliate" shall mean, with respect to any specified Person, any other
Person directly or indirectly controlling or controlled by or under direct or
indirect common control with, such specified Person. For purposes of this
definition, "control" (including, with correlative meanings, the terms
"controlled by" and "under common control with") when used with respect to any
specified Person, shall mean the power to direct or cause the direction of the
actions, management or policies of such Person, directly or indirectly, whether
through the ownership of voting securities, by contract or otherwise and whether
or not such power is actually exercised.

     "Agreement" shall mean this Loan Agreement, as amended, modified or
supplemented from time to time in accordance with its terms.

     "Availability" shall mean $15,000,000.

     "Business Day" shall mean any day other than (i) a Saturday, Sunday or
other day on which commercial banks in New York, New York are authorized or
required to close under the laws of the State of New York, and (ii) when used
with respect to any LIBOR Loan, such definition shall also exclude any day on
which commercial banks in London are not open for dealing in Dollar deposits in
the London Interbank Market.

     "Default Rate" shall mean the Prime Rate plus 4.0%.

     "Dollars" and the symbol "$" shall mean lawful currency of the United
States of America.

<PAGE>

     "Financing Agreements" shall mean the following agreements and instruments
(as such agreements and instruments may be hereafter amended, modified or
supplemented in accordance with their respective terms): (i) the Note and (ii)
any other supplementary agreements or instruments now or hereafter delivered to
the Lender by the Borrower in connection with the Loans, including without
limitation, the Security Agreement.

     "GAAP" shall mean U.S. generally accepted accounting principles applied on
a consistent basis.

     "Loans" shall have the meaning set forth in Section 2.1 hereof.

     "Maturity Date" shall mean the date that is the earlier of (i) six months
from the date hereof or (ii) 90 days from the date on which the Borrower or any
combination of the Borrower's Subsidiaries closes on a credit agreement or
credit agreements with a third party or third parties which provides for a total
borrowing capacity with such third party or third parties of $15,000,000 or
more, provided, however, that such date shall be accelerated to the date within
such 90 day period that the borrowing capacity under such agreement or
agreements is actually available.

     "Note" shall have the meaning set forth in Section 2.1 hereof.

     "Obligations" shall mean all obligations, liabilities and indebtedness of
the Borrower to the Lender under this Agreement and the Financing Agreements,
whether now existing or hereafter created, direct or indirect, due or not,
including, without limitation, all obligations, liabilities and indebtedness of
the Borrower with respect to the Loans and all fees, costs, expenses and
indemnity obligations hereunder or thereunder.

     "Person" shall mean an individual, partnership, joint venture, firm,
corporation, trust, or other business or legal entity.

     "Prime Rate" shall mean the rate of interest announced from time to time by
Citibank, NA in New York City as its prime rate of interest.

     "Security Agreement" shall mean that certain security agreement, dated as
of the date hereof, by and among the Borrower, its Subsidiaries and the Lender.

     "Subsidiary" shall mean a corporation, partnership or other entity of which
shares of stock or other ownership interests having ordinary voting power (other
than stock or such other ownership interests having such power only by reason of
the happening of a contingency) to elect a majority of the board of directors or
other managers of such corporation, partnership or other entity are at the time
owned, or the management of which is otherwise controlled, directly or
indirectly, through one or more intermediaries, or both, by the Borrower.

     SECTION 2.  FINANCING.

     2.1  Loans.

                                       2
<PAGE>

          2.1.1  Subject to the terms and conditions set forth in this
     Agreement, at the Borrower's request the Lender shall make cash advances
     (each a " Loan" and collectively the "Loans") to the Borrower at any time
     and from time to time from the date hereof to, but not including, the
     Maturity Date. Following the Maturity Date, the Borrower shall have no
     right to request any Loans.

          2.1.2  The Borrower may repay any Loans on any Business Day provided
     each repayment shall be in the minimum principal sum of $250,000 or in
     integral multiples of $250,000 in excess thereof. The Borrower shall be
     entitled to borrow or re-borrow Loans on any Business Day provided that
     each of the Loans shall be in the minimum principal sum of $250,000 or in
     integral multiplies of $250,000 in excess thereof.

          2.1.3  Concurrently with the execution and delivery of this Agreement,
     the Borrower shall evidence its obligation to pay the principal of and
     interest on the Loans by executing and delivering to the Lender a
     promissory note in the principal sum of $15,000,000 in the form annexed
     hereto as Exhibit A (the "Note").

          2.1.4  The Borrower shall give the Lender notice of each proposed
     borrowing of Loans, not later than 11:00 a.m., New York City time, on the
     Business Day of such proposed borrowing. The notice of borrowing shall be
     given by telephone to Jim Fawcett at (212) 351-7146 and in writing whereby
     each such borrowing notice shall specify (i) the date of such borrowing
     (which shall be a Business Day), (ii) the amount thereof (which shall be in
     accordance with the provisions of this Agreement), and (iii) shall
     otherwise be in the form of Exhibit B hereto (the "Borrowing Notice"). Each
     Borrowing Notice shall be effective upon receipt and shall irrevocably
     commit the Borrower to borrow in accordance with the terms of this
     Agreement. The Borrower shall give the Lender notice of each repayment not
     later than 11:00 a.m., New York City time, on the Business Day of such
     proposed repayment by telephone to Jim Fawcett at (212) 351-7146 and by
     email to jim.fawcett@tmp.com and dave.trapani@tmp.com specifying the
     repayment amount thereof (which shall be in accordance with the provisions
     of this Agreement). All repayments shall be made in immediately available
     Dollars transferred for good value on the notified repayment date to the
     following Lender bank account or to such other account as the Lender may
     specify from time to time in writing: Fifth Third Bank, 38 Fountain Square
     Plaza, Cincinnati, OH 45263, ABA Number: 042000314, Account Name: TMP
     Worldwide Inc., Account Number: 99939084.

          2.1.5  In no event shall the aggregate principal balance of the Loans
     at any time outstanding exceed Availability. If, at any time, the aggregate
     principal balance of the Loans then outstanding shall exceed Availability,
     the Borrower shall immediately make a prepayment on the Loans in an amount
     equal to such excess.

     2.2  Term Out of Principal. The principal sum of the Loans outstanding on
the Maturity Date shall be paid in one installment on the Maturity Date.

     2.3  Interest Rate and Other Charges.

                                       3
<PAGE>

          2.3.1  Prime Rate. Except as otherwise expressly provided in this
     Section 2.3, the Borrower shall pay interest to the Lender on the
     outstanding and unpaid principal amount of the Loans at a rate per annum
     equal to the Prime Rate.

          2.3.2  Calculation of Interest; Payment. Interest on the Loans shall
     be calculated on the basis of the actual number of days elapsed in a
     360-day year. Interest shall be due and payable monthly in arrears on the
     15th day of each month, however, if the 15th day of the month is not a
     Business Day interest shall be due on the immediately following Business
     Day. By way of example interest for the period May 1, 2003 through and
     including May 31, 2003 shall be payable on June 16, 2003. Interest payments
     shall be made in immediately available Dollars transferred to the following
     Lender bank account or to such other account as the Lender may specify from
     time to time in writing: Fifth Third Bank, 38 Fountain Square Plaza,
     Cincinnati, OH 45263, ABA Number: 042000314, Account Name: TMP Worldwide
     Inc., Account Number: 99939084.

          2.3.3  Overdue Payments. If any payment of principal (whether due at
     maturity, upon acceleration or otherwise), interest or other fees or
     charges payable by the Borrower hereunder or under any of the Financing
     Agreements shall not be paid when due, the Borrower shall pay interest on
     the overdue payment for the period for which overdue, on demand, at the
     Default Rate, but in no event in excess of the maximum rate permitted by
     applicable law.

     SECTION 3.  CONDITIONS PRECEDENT.

     3.1  Conditions to Making the Initial Loan. The obligation of the Lender to
make the initial Loan is subject to the conditions precedent that:

          3.1.1  Financing Agreements. The Borrower shall have executed and
     delivered to the Lender this Agreement and the other the Financing
     Agreements to be executed by it, and all other agreements, instruments and
     documents required or contemplated by this Agreement and the Financing
     Agreements.

          3.1.2  Evidence of Borrower Corporate Actions. The Lender shall have
     received copies of all corporate action taken by the Borrower to authorize
     the execution, delivery and performance of this Agreement and the Financing
     Agreements to be executed by it. All of the foregoing documents shall be
     certified by the Borrower's Secretary in a Secretary's Certificate dated as
     of even date herewith.

          3.1.3  Cash on Hand. The Borrower and its Subsidiaries shall, on a
     consolidated basis, as shown on a consolidated balance sheet prepared by
     Borrower and certified by the Borrower's Chief Financial Officer (or
     functional equivalent) to be in accordance with GAAP as of a date within
     five days of the date that the Borrower has requested a Loan have cash and
     cash equivalents of no more than $10 million.

     3.2  Additional Preconditions. As of the date of the making of any of the
Loans to the Borrower, as a condition to the making of any such Loans:

                                       4
<PAGE>

          3.2.1  Representations and Warranties. All representations and
     warranties contained in this Agreement or otherwise made to the Borrower
     pursuant to this Agreement or any of the Financing Agreements shall be
     true, complete and correct in all material respects.

          3.2.2  Event of Default. There shall exist no Event of Default (or any
     event which with the giving of notice or the passage of time, or both,
     would constitute an Event of Default).

          3.2.3  Cash on Hand. The Borrower and its Subsidiaries shall, on a
     consolidated basis, as shown on a consolidated balance sheet prepared by
     Borrower and certified by the Borrower's Chief Financial Officer (or
     functional equivalent) to be in accordance with GAAP as of the month end
     immediately prior to the month in which the Borrower has requested a Loan
     have cash and cash equivalents of no more than $10 million.

     SECTION 4.  REPRESENTATIONS AND WARRANTIES.

     In order to induce the Lender to enter into this Agreement and to make the
Loans hereunder, the Borrower represents and warrants to the Lender as follows:

     4.1  Organization.

          The Borrower and each Subsidiary is a duly organized and validly
     existing corporation in good standing under the laws of its jurisdiction of
     incorporation with perpetual corporate existence and has all requisite
     right, power and authority and all necessary licenses and permits to own
     and operate its assets and properties and to carry on its business as now
     conducted and as presently proposed to be conducted. The Borrower and each
     Subsidiary has qualified and is in good standing as a foreign corporation
     in each state or other jurisdiction where the nature of its business or the
     ownership or use of its property requires such qualification, except such
     jurisdictions, if any, in which the failure to be so qualified will not
     have a material and adverse effect on either the conduct of its business or
     the ownership of its properties.

     4.2  Authorization.

          The Borrower has all requisite legal right, power and authority to
     execute, deliver and perform the terms and provisions of this Agreement,
     the Financing Agreements executed by it and all other instruments and
     documents delivered by it pursuant hereto and thereto. The Borrower has
     taken or caused to be taken all necessary action to authorize the
     execution, delivery and performance of this Agreement, the Financing
     Agreements executed by it and any other related agreements, instruments or
     documents delivered or to be delivered by the Borrower pursuant hereto and
     thereto. This Agreement, the Financing Agreements executed by the Borrower
     and all related agreements, instruments or documents delivered or to be
     delivered pursuant hereto or thereto constitute and will constitute legal,
     valid and binding obligations of the Borrower, enforceable in accordance
     with their respective terms, subject to bankruptcy, insolvency,
     reorganization, moratorium and other similar laws affecting the enforcement
     of creditors' rights generally, and to the exercise of judicial discretion
     in accordance with general principles of equity.

                                       5
<PAGE>

     4.3  No Conflicts. Neither the execution and delivery of this Agreement,
the Financing Agreements, or any of the instruments and documents delivered or
to be delivered pursuant hereto or thereto, by the Borrower, nor the
consummation of the transactions herein or therein contemplated, nor compliance
with the provisions hereof or thereof, will violate any law, statute or
regulation, or any order, writ or decree of any court or governmental
instrumentality, or will conflict with, or result in the breach of, or
constitute a default in any respect under, any indenture, mortgage, deed of
trust, agreement or other instrument to which the Borrower is a party, or by
which any of its properties may be bound or affected, or will result in the
creation or imposition of any lien, charge or encumbrance upon any of its
properties (except as contemplated hereunder or under the Financing Agreements)
or will violate any provision of the Certificate of Incorporation or By-Laws of
the Borrower, each as amended to date.

     SECTION 5.  AFFIRMATIVE COVENANTS.

     The Borrower covenants and agrees that, until all of the Obligations are
paid and satisfied in full, it shall comply, or cause compliance with, the
following covenants:

     5.1  Notification to Lender. The Borrower shall promptly notify the Lender
of (i) any Event of Default hereunder, (ii) any event, condition or act which
with the giving of notice or the passage of time, or both, would constitute an
Event of Default hereunder, (iii) any material litigation or proceedings that
are instituted or threatened (to the knowledge of the Borrower) against the
Borrower or any Subsidiary or any of their respective assets, and (iv) each and
every default by the Borrower or any Subsidiary under any obligation for
borrowed money which would permit the holder of such obligation to accelerate
its maturity, including the names and addresses of the holders of such
obligation and the amount thereof, in each case describing the nature thereof
and the action the Borrower proposes to take with respect thereto.

     5.2  Further Assurances. The Borrower shall duly execute and deliver, or
will cause to be duly executed and delivered, such further instruments and
documents, and will do or use its best efforts to cause to be done such further
acts as may be necessary or proper in the Lender's opinion to effectuate the
provisions or purposes of this Agreement and the Financing Agreements.

     SECTION 6.  EVENTS OF DEFAULT/REMEDIES.

     6.1  Events of Default. The occurrence of any one or more of the following
events shall constitute an "Event of Default":

          6.1.1  The Borrower shall fail to pay the principal of, or interest
     on, the Note, or any other fee or charge payable under this Agreement or
     under any Financing Agreement, as and when due and payable.

          6.1.2  If a default shall be made by the Borrower in the performance
     or observance of, or shall occur under, any covenant, agreement or
     provision contained in this Agreement (other than as described in Section
     6.1.1 above) or any other agreement between the Lender and the Borrower; or
     if this Agreement or any Financing Agreements shall terminate, be

                                       6
<PAGE>

     terminable or be terminated or become void or unenforceable for any reason
     whatsoever without the prior written consent of the Lender.

     6.2  Remedies.

          (a)  Upon the occurrence of any one or more of such Events of Default,
     the Lender may, at its option, without presentment for payment, demand,
     notice of dishonor or notice of protest or any other notice, all of which
     are hereby expressly waived by the Borrower, declare the Loans to be due
     and payable together with interest at the Default Rate. The Lender shall
     have all of the rights and remedies set forth in this Agreement and the
     Financing Agreements, and in any instrument or document referred to herein
     or therein, and under any other applicable law relating to this Agreement
     or the Financing Agreements. At any time during the existence of an Event
     of Default, Lender will also have the immediate right to enforce and
     realize upon a collateral security granted under any Financing Agreements
     in any manner or order that Lender deems expedient without regard to any
     equitable principles of marshalling or otherwise. Notwithstanding the
     foregoing, the Borrower shall have a fifteen (15) day period, commencing
     with notice to the Lender as specified in Section 5.1, to cure the Event of
     Default .

          (b)  Other Remedies. In addition to the rights and remedies expressly
     granted in the Financing Agreements, Lender also will have all other legal
     and equitable rights and remedies granted by or available under all
     applicable law, and all rights and remedies will be cumulative in nature.

     SECTION 7.  MISCELLANEOUS.

     7.1  Survival of Agreement. All agreements, representations and warranties
contained herein or made in writing by the parties hereto in connection with the
transactions contemplated hereby shall survive the execution and delivery of
this Agreement, the Financing Agreements and the consummation of the
transactions contemplated herein or therein regardless of any investigation made
by or on behalf of the Lender.

     7.2  No Waiver; Cumulative Remedies. No failure to exercise, and no delay
in exercising on the part of the Lender, any right, power or privilege under
this Agreement or under any of the Financing Agreements or other documents
referred to herein or therein shall operate as a waiver thereof; nor shall any
single or partial exercise of any right, power or privilege hereunder or
thereunder preclude any other or further exercise thereof or the exercise of any
other right, power and privilege. The rights and remedies of the Lender
hereunder and under the Financing Agreements and under any other present and
future agreements between the Lender and the Borrower are cumulative and not
exclusive of any rights or remedies provided by law, or under any of said
Financing Agreements or agreements and all such rights and remedies may be
exercised successively or concurrently.

     7.3  Notices and Deliveries.

          7.3.1  Manner of Delivery. Except as otherwise expressly provided in
     this Agreement, all notices, communications and materials to be given or
     delivered pursuant to this Agreement or any of the Financing Agreements
     shall be given or delivered in writing (which shall include telex and
     telecopy transmissions).

                                       7
<PAGE>

          7.3.2  Addresses. All notices, communications and materials to be
     given or delivered pursuant to this Agreement or any of the Financing
     Agreements shall be given or delivered at the following respective
     addresses and telex, telecopier and telephone numbers and to the attention
     of the following individuals or departments:

                 (i)  if to the Borrower, to it at:
                      622 Third Avenue
                      New York, New York, 10017
                      Telecopier No.: (917) 256-8403
                      Attention: Richard W. Pehlke

                 (ii) if to the Lender, to it at:
                      622 Third Avenue
                      New York, New York 10017
                      Telecopier No.: 917-256-8526
                      Attention: Myron Olesnyckyj, General Counsel

     or at such other address or telecopier number or to the attention of such
     other individual or department as the party to which such information
     pertains may hereafter specify for the purpose in a notice to the other
     specifically captioned "Notice of Change of Address".

          7.3.3  Effectiveness. Each notice and communication and any material
     to be given or delivered pursuant to this Agreement or any of the Financing
     Agreements shall be deemed so given or delivered (i) if sent by a
     nationally recognized overnight courier service, on the next Business Day
     after such notice, communication or material, addressed as above provided,
     is delivered to such courier service, (ii) if sent by any other means of
     physical delivery, when such notice, communication or material is delivered
     to the appropriate address as above provided, and (iii) if sent by
     telecopier, when such notice, communication or material is transmitted to
     the appropriate telecopier number as above provided and is received at such
     number, provided however, that in each of the foregoing cases notices of
     change of address or telecopier number shall not be deemed given until
     received.

     7.4  Amendments and Waivers. Neither this Agreement, nor any of the
Financing Agreements or any other instrument or document referred to herein or
therein may be changed, waived, discharged or terminated orally, except by an
instrument in writing signed by the party against whom enforcement of the
change, waiver, discharge or termination is sought.

     7.5  Applicable Law. This Agreement and the Financing Agreements and any
other document referred to herein or therein and the obligations of the parties
hereunder or thereunder are being executed and delivered in New York, New York
and shall be construed and interpreted in accordance with the laws of the State
of New York applied to agreements entered into and performed therein.

     7.6  Successors. This Agreement, the Financing Agreements and any other
document referred to herein or therein shall be binding upon and inure to the
benefit of and be enforceable by the parties and their respective heirs,
successors and assigns, except that the Borrower may

                                       8
<PAGE>

not assign its rights under this Agreement, the Financing Agreements and any
other document referred to herein or therein without the prior written consent
of the Lender.

     7.7  Partial Invalidity. If any provision of this Agreement or the
Financing Agreements is held to be invalid or unenforceable, such invalidity or
unenforceability shall not invalidate this Agreement or the Financing Agreements
as a whole but this Agreement or the particular Financing Agreement, as the case
may be, shall be construed as though it did not contain the particular provision
or provisions held to be invalid or unenforceable and the rights and obligations
of the parties shall be construed and enforced only to such extent as shall be
permitted by law.

     7.8  Headings and Word Meanings. The headings used herein are for
convenience only and do not constitute matters to be considered in interpreting
this Agreement. The words "herein," "hereinabove," "hereof," and "hereunder,"
when used anywhere in this Agreement, refer to this Agreement as a whole and not
merely to a subdivision in which such words appear, unless the context otherwise
requires. The singular shall include the plural, the masculine gender shall
include the feminine and neuter and the disjunctive shall include the
conjunctive, and vice versa, unless the context otherwise requires.

     7.9  WAIVER OF JURY TRIAL. THE PARTIES HERETO HEREBY WAIVE TRIAL BY JURY IN
ANY LITIGATION IN ANY COURT WITH RESPECT TO, IN CONNECTION WITH, OR ARISING OUT
OF THIS AGREEMENT, THE FINANCING AGREEMENTS OR ANY AGREEMENT, INSTRUMENT OR
DOCUMENT DELIVERED PURSUANT HERETO OR THERETO, OR THE VALIDITY, PROTECTION,
INTERPRETATION, ADMINISTRATION, COLLECTION OR ENFORCEMENT HEREOF OR THEREOF, OR
ANY OTHER CLAIM OR DISPUTE HEREUNDER OR THEREUNDER.

     7.10 JURISDICTION; SERVICE OF PROCESS. THE BORROWER HEREBY IRREVOCABLY
CONSENTS TO THE JURISDICTION OF THE SUPREME COURT OF THE STATE OF NEW YORK FOR
THE COUNTY OF NEW YORK, AND THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN
DISTRICT OF NEW YORK IN CONNECTION WITH ANY ACTION OR PROCEEDING ARISING OUT OF
OR RELATING TO THIS AGREEMENT, THE FINANCING AGREEMENTS OR ANY AGREEMENT,
DOCUMENT OR INSTRUMENT DELIVERED PURSUANT HERETO OR THERETO.

     7.11 Indemnity. The Borrower hereby agrees to defend, indemnify, and hold
the Lender harmless from and against any and all claims, damages,
investigations, judgments, penalties, costs and expenses (including attorney
fees and court costs now or hereafter arising from the aforesaid enforcement of
this clause) arising directly or indirectly from the Borrower, its Subsidiaries,
their respective predecessors in interest, or third parties with whom either has
a contractual relationship use of the proceeds of the Loans, or arising directly
or indirectly from the violation of any environmental protection, health, or
safety law, whether such claims are asserted by any governmental agency or any
other Person. This indemnity shall survive termination of this Agreement.

                                       9
<PAGE>

     7.12 Marshalling; Recourse to Security; Payments Set Aside. The Lender
shall not be under any obligation to marshal any assets in favor of the Borrower
or any other party or against or in payment of any or all of the Obligations of
the Borrower to the Lender hereunder or under the Financing Agreements or
otherwise. Recourse to security shall not be required at any time. To the extent
that the Borrower makes a payment or payments to the Lender, or the Lender
exercises its rights of set-off, and such payment or payments or the proceeds of
such set-off or any part thereof are subsequently invalidated, declared to be
fraudulent or preferential, set aside and/or required to be repaid to a trustee,
receiver or any other party under any bankruptcy law, state or federal law,
common law or equitable cause, then, to the extent of such recovery, the
obligation or part thereof originally intended to be satisfied, and all liens,
rights and remedies therefor, shall be revived and continued in full force and
effect as if such payment had not been made or such set-off had not occurred.

     7.13 Set-off. In addition to any rights and remedies of the Lender now or
hereafter provided by law, the Lender shall have the right, without prior notice
to the Borrower, any such notice being expressly waived by the Borrower to the
extent permitted by applicable law, on the occurrence and during the
continuation of any Event of Default to set off and apply against any
Obligation, whether matured or immature, of the Borrower any amount owing from
the Lender to the Borrower, at or at any time after the happening of any such
Event of Default, and such right of set-off may be exercised by the Lender
against the Borrower or against any trustee in bankruptcy, debtor-in-possession,
assignee for the benefit or creditors, receiver, or execution, judgment or
attachment creditor of any of them, notwithstanding the fact that such right of
set-off shall not have been exercised by the Lender before the making, filing or
issuance, or service on the Lender, of, or of notice of, any such event or
proceeding.

     7.14 Counterparts; Facsimile Signature. This Agreement may be executed in
counterparts, each of which shall constitute an original but all of which when
taken together shall constitute but one contract, and shall become effective
when copies hereof which, when taken together, bear the signatures of each of
the parties hereto shall be delivered to the Lender. Delivery of an executed
counterpart of a signature page to this Agreement by telecopier shall be
effective as delivery of a manually executed signature page hereto.

                                       10
<PAGE>

     IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed and delivered as of the day and year first above written.

                                           TMP WORLDWIDE INC.

                                           By:    /s/ Andrew J. McKelvey
                                                  ----------------------------
                                           Name:  Andrew J. McKelvey
                                           Title: Chairman and CEO

                                           HUDSON HIGHLAND GROUP, INC.

                                           By:    /s/ Jon F. Chait
                                                  ----------------------------
                                           Name:  Jon F. Chait
                                           Title: Chairman, President and CEO

                                       11
<PAGE>

                                                                       EXHIBIT A

                             SECURED PROMISSORY NOTE

     FOR VALUE RECEIVED, the undersigned, HUDSON HIGHLAND GROUP, INC., a
Delaware corporation (the "Borrower"), PROMISES TO PAY to the order of TMP
WORLDWIDE INC., a Delaware corporation (the "Lender") at its office at 622 Third
Avenue, New York, New York 10017, or at such other place as may be designated by
the holder hereof in writing, the principal sum of FIFTEEN MILLION
($15,000,000.00) DOLLARS or, if less, the aggregate unpaid principal sum of all
Loans made by the Lender to the Borrower from time to time pursuant to a loan
agreement, dated the date hereof, between the Borrower and the Lender (the "Loan
Agreement"), in one installment on the earlier of (i) six months from the date
hereof or (ii) 90 days from the date on which the Borrower or any combination of
the Borrower's Subsidiaries closes on a credit agreement or credit agreements
with a third party or third parties which provides for a total borrowing
capacity with such third party or third parties of $15,000,000 or more,
provided, however, that such date shall be accelerated to the date within such
90 day period that the borrowing capacity under such agreement or agreements is
actually available.

     Interest on the Loans shall be payable at the times provided in the Loan.

     All capitalized terms used herein and not otherwise defined herein shall
have the meanings ascribed to them in the Loan Agreement, dated March 31, 2003,
by and between the Borrower and the Lender (the "Loan Agreement"). This Note is
the Note referred to in, and is entitled to the benefits of, the Loan Agreement
and is secured by a security interest in the collateral described in the
Security Agreement delivered in connection with the Loan Agreement. Further,
this Note and the holder hereof are entitled to all of the benefits and security
provided by or referred to in the Security Agreement. The Loan Agreement, among
other things, contains provisions for acceleration of the maturity of this Note
upon the happening of certain stated events that are specified in the Loan
Agreement.

     The Borrower hereby waives presentment, demand for payment, notice of
protest and all other demands in connection with the delivery, acceptance,
performance, default or enforcement of this Note.

     This Note shall be governed by the laws of the State of New York without
giving effect to its choice of law provisions. No amendment, modification or
waiver of any provision of this Note nor consent to any departure by the
Borrower therefrom shall be effective unless the same shall be in writing and
signed by the Lender and then such waiver or consent shall be effective only in
the specific instance and for the specific purpose for which given.

                                      HUDSON HIGHLAND GROUP, INC.

                                      By:  _______________________________
                                      Name:  Jon F. Chait
                                      Title: Chairman, President and Chief
                                             Executive Officer
Dated: March ___, 2003
New York, New York

                                       2

<PAGE>

                                                                       EXHIBIT B

                               NOTICE OF BORROWING

                                                          ________________, 2003

TMP WORLDWIDE INC.
622 Third Avenue, 38th Floor
New York, New York 10017
Attention:  Jim Fawcett
Facsimile: (917) 256-8506/8501

     1.   (a)  HUDSON HIGHLAND GROUP, INC. (the "Company") pursuant to the Loan
Agreement dated as of March [__], 2003, hereby requests TMP Worldwide Inc.
("TMP") to make a Loan on the following terms:

==================================================   ===========================

     Principal Amount of Loan:
                                                         $

--------------------------------------------------   ---------------------------

     Date of Loan:

==================================================   ===========================

          (b)  The Company requests TMP to applyep th roceeds of the Loan as
follows:

==================================================   ===========================

     Transfer to financial

     Institution and account shown below:

     Financial Institution:

     Account No.:

--------------------------------------------------   ---------------------------

     Total (same as principal
     Amount of the Loan):                                $

--------------------------------------------------   ---------------------------

     Total Loans Outstanding (after making of
     the above requested loan):                          $

==================================================   ===========================

                                        1
<PAGE>

     2.   Capitalized terms used in this Notice shall have the meanings set
forth in the Loan Agreement.

     3.   The Company hereby represents, warrants and covenants to the Lender
that all conditions precedent to the making of a Loan under the Loan Agreement
have been satisfied.

                                            HUDSON HIGHLAND GROUP, INC.

                                            By:    __________________________
                                            Name:
                                            Title:

                                       2Exhibit 10(a)

                              Employment Agreement

     This Agreement is made this 11th day of March, 2003, between Coeur d' Alene
Mines Corporation ("Company") and Mitchell J. Krebs, ("Employee").

WITNESSETH:

     In consideration of the mutual promises and covenants herein contained to
be kept and performed by the parties hereto, the parties agree as follows:

1.   Employment. The Company has heretofore, and hereby does, employ Employee as
     Vice President Corporate Development, and Employee accepts such employment,
     on the terms and conditions of this Agreement.

2.   Term Of Employment. The term of employment shall be from March 11, 2003
     through the 31st day of May, 2005, unless sooner terminated as herein
     provided.

3.   Compensation. The Company shall pay to Employee during the duration of the
     term of this Agreement as follows:

     (a) A base salary of $216,000 annually, payable in equal monthly
installments, which may be reviewed annually during any Agreement year, and any
higher salary to become the base salary for the purposes of this provision, it
being understood, however, that failure to increase the salary shall not be
grounds for termination of this Agreement; and

     (b) Such other compensation and benefits that may be made available by the
Company in the discretion of the Board of Directors, consisting of bonuses,
short-term and long-term incentive plans, pension plan, retirement plan, profit
sharing plan, stock purchase plan and any other kind or type of incentive
programs approved by the Board. It is understood that Employee shall be a
participant in all compensation and benefit programs, including welfare benefit
plans, which exist for the executive staff of the Company.

4.   Duties. Employee, during the term of this Agreement, shall perform the
     duties usually and customarily associated with the office specified in
     paragraph (1) above and as assigned to him from time-to-time by the Chief
     Executive Officer of Company.

     Employee shall devote his best efforts and substantially all of his time
during business hours to advance the interests of the Company. He shall not
engage in business activity in competition with the Company.

5.   Vacations. Employee shall be entitled to three weeks vacation during each
     year of this Agreement, during which the compensation provided in this
     Agreement shall be paid in full.
<PAGE>

6.   Disability. In the event Employee becomes disabled (inability or incapacity
     due to physical or mental illness or injury to perform his duties) during
     the term of this Agreement, which enables him unable to perform his duties,
     he shall be entitled to participate in the Company's disability payment
     plan in effect at the time of the disability.

7.   Termination Of Employment. This Agreement shall be terminated as follows:

     (a) At the expiration of the term set forth above.

     (b) Upon the death of Employee.

     (c) By mutual agreement of the parties.

     (d) Upon disability of Employee, when such disability renders Employee
unable to perform his duties for more than 90 continuous days.

     (e) By the Company without giving any reason for termination, but with the
understanding that the compensation provided herein shall be paid or provided in
full to Employee in accordance with this Agreement, for the period of the
remaining duration of this Agreement.

     (f) By the Company for cause, which means that Employee has failed to
perform his duties after having received from the Company a written notice that
his duties are not being performed, which written notice shall specify how
performance is deficient, and Employee then fails to resume performance promptly
after receipt of notice and failure of performance is not rectified. For cause
also means conviction of a felony or engagement in illegal conduct which is
injurious to the Company, in either such case Company need not allow Employee to
rectify nonperformance.

     (g) Upon change in control of Company, as "change in control" is defined in
the so-called change in control agreement between Company and Employee now in
effect. In the event of termination for this reason, Employee's and Company's
rights with respect to compensation and all other matters related to employment
shall be as specified in the change in control agreement, and not this
Agreement.

8.   Confidentiality. Employee agrees to keep all information acquired in
     connection with his employment confidential, in accordance with the
     confidentiality agreement executed by him which is attached to this
     Agreement, marked Attachment 1.

9.   Specific Performance. Employee understands that the obligations undertaken
     by him as set forth in this Agreement are unique, and that Company will
     likely have no adequate remedy at law in the event such obligations are
     breached. Employee therefore confirms that Company has the right to seek
     specific performance if Company feels such remedy is essential to protect
     the rights of Company. Accordingly, in addition to any other remedies which
     Company might have in law or equity, it shall have the right to have all
     obligations specifically performed, and to obtain injunctive relief,
     preliminary or otherwise, to secure performance. Employee agrees that

                                       2
<PAGE>

     the arbitration provision below will not be used to assert dismissal of an
     action in court for injunctive relief, and agrees that the availability of
     arbitration is not intended by the parties to prevent Company from seeking
     specific performance and injunctive relief.

10.  Arbitration. The Company and Employee will attempt to resolve any disputes
     under this Agreement by negotiation. If any matter is not thereby resolved,
     within 30 days after written notice by either party to the other, any
     dispute or disagreement arising out of or relating to this Agreement, or
     the breach of it, will be subject to exclusive, final and binding
     arbitration to be conducted in Coeur d' Alene, Idaho in accordance with the
     Labor Arbitration Rules of Procedure of the American Arbitration
     Association and the laws of the State of Idaho governing arbitration of
     disputes.

11.  Other Items. This Agreement shall not be amended or modified in any way
     unless the amendment or modification is in writing, signed by the parties.
     There shall be no oral modification of this Agreement. No provision of this
     Agreement shall be waived by conduct of the parties or in any other way.
     This Agreement and its validity, interpretation, construction and
     performance shall be governed by the laws of the State of Idaho.

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

Coeur d' Alene Mines Corporation

by  /s/ Dennis Wheeler
  ------------------------------------

/s/ Mitchell J. Krebs
--------------------------------------
Mitchell J. Krebs

                                       3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00052-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00052-of-00352.parquet"}]]