Document:

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                                                                   EXHIBIT 10.12

CONFIDENTIAL TREATMENT REQUESTED. CONFIDENTIAL PORTIONS OF THIS DOCUMENT HAVE
BEEN REDACTED AND HAVE BEEN SEPARATELY FILED WITH THE SECURITIES AND EXCHANGE
COMMISSION.

                         TECHNOLOGY LICENSE AGREEMENT
                         ----------------------------

     This Technology License Agreement ("Agreement") is entered into as of July
1st, 1997 ("Effective Date") by and between Reality Simulation Systems
Acquisition Corporation ("RSS"), a California corporation, with its principal
place of business 1020 Asbury Street, San Jose, California 95126, and
InteGraphics Systems, Inc. ("IGS"), a California corporation, having its
principal place of business at 4001 Burton Drive, Santa Clara, California 95054.

     WHEREAS, RSS has developed or will develop *** graphics technology useful
in personal computers and consumer electronics products;

     WHEREAS, IGS desires to obtain a license to such RSS technology to develop
a semiconductor and certain driver software for use in *** and *** graphics
applications, and RSS desires to grant IGS a license, pursuant to the terms and
conditions in the Agreement, to its technology;

     WHEREAS, RSS wishes to obtain a license to sell and distribute products and
chips and IGS desires to grant RSS such a license pursuant to the terms and
conditions of this Agreement; and

     WHEREAS, RSS and IGS each desire to distribute the products developed
hereunder on an exclusive basis to separate geographic and platform markets.

     NOW, THEREFORE, in consideration of the mutual promises contained herein,
the parties hereto agree as follows:

     1.  Definitions.
         -----------

         1.1  "AGP Technology" shall mean the graphics port protocol promoted by
Intel Corporation, a Delaware corporation, and implemented by IGS, and further
specified in Exhibit A hereto. The AGP Technology includes, without limitation,
Source Code, test vectors, schematics, and descriptive specifications.

         1.2  "CyberPro3000 Products" shall mean products based on or
incorporating *** Verilog Source Code and further specified in Attachment
B hereto regardless of the name or commercial designation of such products. Any
CyberPro3000 Products Introduced by or for a party for a period of twelve (12)
months following completion of the first production CyberPro3000 Product for
commercial sale which is substantially similar to the CyberPro3000 Products
shall also be a CyberPro3000 Product hereunder.

         1.3  "Derivative Work" shall mean:

              (a)  for copyrights and copyrightable materials, any modification,
revision, port, translation, abridgement, condensation or expansion of the pre-
existing work, or any portion thereof, or any form in which the preexisting work
is recast, transferred, transformed or adapted;

*** CONFIDENTIAL MATERIAL REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION.
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              (b)  for patents and patentable materials, any improvement
thereon; and

              (c)  for trade secrets and materials protected by trade secret,
any new material derived from such existing trade secret or materials, including
new material which may be protected by copyright, patent or trade secret or any
combination of the foregoing.

         1.4  "Documentation" shall mean any user documentation or materials
relating to CyberPro3000 Products and *** Verilog Based Products, including,
without limitation, screen displays, "read me" files and reference, user,
installation, systems administrator and technical guides.

         1.5  "IGS Chip" shall mean the IGS graphics chip based on the ***
Technology, produced by or for IGS hereunder and further specified in Attachment
A, including, without limitation, any and all semiconductor masks used to
fabricate or manufacture such chips. Any graphics chip Introduced by or for IGS
for a period of twelve (12) months following completion of the first production
CyberPro3000 Product for commercial sale which is substantially similar to the
IGS Chip shall also be an IGS Chip hereunder.

         1.6  "IGS Market" shall mean the platform(s) and territory(ies)
specified in Attachment C hereto.

         1.7  "IGS Software" shall mean the IGS driver software specified in
Attachment A.

         1.8  "Introduced" shall mean the announcement of a product by press
release, trade show announcement, or other like marketing technique.

         1.9  "*** Technology" shall mean the RSS Software and Verilog
Source Code (in both *** and *** forms).

         1.10  "Proprietary Rights" shall mean patents, patent rights, copyright
rights, trademark rights, trade secret rights, mask work rights, and all other
intellectual property rights worldwide.

         1.11  "RSS Market" shall mean the platform(s) and territory(ies)
specified in Attachment C.

         1.12  "RSS Software" shall mean the RSS driver software specified in
Attachment A.

         1.13  "Source Code" shall mean those statements in a computer language
which, when processed by a compiler, assembler or interpreter, become executable
by a computer and includes, without limitation, all comments, notes, flow
charts, decision tables, argument lists and other human readable references
relating to the operation, purpose, compilation, assembly or interpretation
thereof.

*** CONFIDENTIAL MATERIAL REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION.

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         1.14  "*** Technology" shall mean the successor technology to the ***
Technology specified in Attachment E hereto.

         1.15  "Verilog Source Code" shall mean the IGS Chip and associated
electronics as described and documented in a human readable hardware description
language which can reproduce the same netlist description of the *** Verilog.

         1.16  "*** Verilog Based Products" shall mean CyberPro3000 Products
based on or incorporating the *** Verilog Source Code regardless of the name or
commercial designation of such products.

     2.  License Grant to IGS.
         --------------------

         2.1  Subject to all of the terms and conditions of this Agreement, RSS
hereby grants to IGS a royalty-bearing (as provided in Section 10 below), non-
transferable, non-sublicenseable (except as provided in Section 2.1(e) below)
license to:

              (a)  use and reproduce for its internal purposes only the RSS
Software Source Code and modify, create and prepare Derivative Works thereof.
IGS assumes all responsibility for integrating the RSS Software into the IGS
Software;

              (b)  use and reproduce for its internal purposes only the ***
Verilog Source Code, make speed improvements through layout, process, and
silicon integration refinements, and manufacture IGS Chips and successor
therefrom;

              (c)  use, reproduce, manufacture. market, display, license, sell
and distribute solely within the IGS Market the RSS Software (in object code
form only) and only as embedded and incorporated into CyberPro3000 Products and
*** Verilog Based Products;

              (d)  use, reproduce, manufacture, market, display, license, sell
and distribute the Documentation solely within the IGS Market and only together
with CyberPro3000 Products and *** Verilog Based Products; and

              (e)  reproduce, license and distribute the RSS Software Source
Code to such third parties as the parties mutually approve in writing and for
the sole purpose of allowing such third parties to provide end user technical
support; provided such third parties agree in writing to be bound by all of the
obligations and restrictions herein with regard to such Source Code.

         2.2  Upon completion of the first production CyberPro3000 Product for
commercial sale which substantially conforms to the specifications in Attachment
B;

              (a)  RSS will grant IGS, subject to all the terms and conditions
of this Agreement (including, without limitation, Sections 9, 10.3(b) and 16,
but not Section 8.2), a non-exclusive, non-transferable, non-sublicenseable,
royalty-bearing license to use and reproduce for its internal purposes only the
*** Verilog Source Code and modify, create and prepare Derivative Works
thereof for the sole purpose of developing and manufacturing the IGS Chip (for

*** CONFIDENTIAL MATERIAL REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION.

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              (b)  For the purposes of distinguishing the *** and *** versions
of the Verilog Source Code, and by extension the CyberPro3000 Products and
*** Verilog Based Products, IGS agrees to perform, prior to tape out at
RSS' request, Verilog design verification tests provided by RSS to IGS
("Verification Tests"). IGS shall complete each Verification Test and provide to
RSS a written report detailing all the results of each Verification Test within
*** (***) days of RSS request or IGS' receipt of such Verification Test,
whichever is later. IGS further agrees to allow RSS to physically inspect each
and every IGS site during IGS' normal business hours to verify IGS' compliance
with this Section 2.2 and to determine, by whatever means necessary, the version
of the Verilog Source Code used in each IGS chip (and any successor chip based
in whole or in part on *** Technology) prior to tapeout. In the event of any
dispute between IGS and RSS arising under this Section 2.2, both parties agree
to settle the dispute by arbitration as outlined in Section 20.4. If IGS agrees
beforehand to pay Unencripted Royalties no inspection will be required.

     3.  License Grant to RSS.
         --------------------

         3.1  Subject to all of the terms and conditions of this Agreement, IGS
hereby grants to RSS a non-exclusive, non-transferable, non-sublicenseable
(except as provided in Section 3.2 and 6.3 below), royalty-bearing (as provided
in Section 10 below), fully paid-up, worldwide license to:

              (a)  use, reproduce, manufacture, market, display, distribute,
modify and create Derivative Works based on the AGP Technology if developed
internally by IGS for the CyberPro3000 products or *** Verilog Based Products.

              (b)  use, reproduce, manufacture, market, display, license, sell
and distribute solely within the RSS Market the IGS Software (in object code
form only) and IGS Chip and only as embedded and incorporated into CyberPro3000
Products or *** Verilog Based Products; and

              (c)  reproduce, license and distribute the IGS Software Source
Code by IGS to such third parties as the parties mutually approve in writing and
for the sole purpose of allowing such third parties to provide end user
technical support; provided such third parties agree in writing to be bound by
all of the obligations and restrictions herein with regard to such Source Code.

         3.2  The license grant under Section 3.1 is sublicensable by RSS only
to a third party manufacturer mutually agreed upon by both parties who will
provide a source of CyberPro3000 Products and *** Verilog Based Products to both
IGS and RSS, provided, however, that such third party manufacturer shall be
bound in writing to all restrictions on RSS under this Agreement and further
provided that such third party manufacturer shall not have the right to
manufacture such products for any third party. The parties hereby acknowledge
and agree, that at RSS expense, Seiko Epson Corporation ("Seiko"), a Japan
corporation, shall be an authorized third party manufacturer under this Section
3.2 upon Seiko's written agreement to be bound by all restrictions on RSS under
this Agreement.

*** CONFIDENTIAL MATERIAL REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION

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bound by all restrictions on RSS under this Agreement.

     4.  Restrictions.
         ------------

         4.1  The license grants herein shall be not be exercisable by a party's
contractors, except those contractors who agree in writing to be bound to all of
such party's obligations and restrictions under this Agreement.

         4.2  Each party agrees to include and not to obscure or modify the
other party's copyright and other notices which appear in or on the CyberPro3000
Products, *** Verilog Based Products, *** Technology or Documentation.

         4.3  Each party agrees not to develop or use any benchmarking tests
which cheat on results of he CyberPro3000 Products, *** Verilog Based products
or portions thereof.

         4.4  No rights or licenses are granted or deemed granted to any
Proprietary Rights of either party to the other party to any subject matter of
this Agreement except those rights or licenses expressly and unambiguously
granted herein.

         4.5  In no event whatsoever, except as expressly and unambiguously
stated herein, shall a party use, disclose or distribute to any third party
Source Code, or any portion thereof, of the other party including, without
limitation, *** and *** Verilog Source Code (in the case of IGS).

     5.  Right of First Refusal. RSS agrees that IGS shall, for a period of
         ----------------------
three (3) months following the Effective Date and to the exclusion of all other
parties, have the first opportunity to acquire a non-exclusive, worldwide
license to use, reproduce, market, manufacture, display, license, sell,
distribute and modify the *** Technology for use in graphics chips.

     6.  Distribution Rights.
         -------------------

         6.1  IGS shall have the exclusive, non-transferable (except as provided
below) right to market, sell and distribute CyberPro3000 Products and ***
Verilog Based Products in the IGS Market and RSS shall have the exclusive, non-
transferable (except as provided below) right to market, sell and distribute
CyberPro3000 Products and *** Verilog Based Products in the RSS Market except
that the exclusive rights granted under this Section 6.1 shall automatically and
irrevocably become non-exclusive as to both parties:

              (a)  on ***; or

              (b) in the event that a party fails to sell *** (***) units of
CyberPro3000 Products and/or *** Verilog Based Products within *** (***) months
of the first retail sale of a CyberPro3000 Product or *** Verilog Based Product.

         6.2  The parties acknowledge and agree that IGS may continue to develop
graphics technology after the Execution Date and that, as to products Introduced
by IGS after the

*** CONFIDENTIAL MATERIAL REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND
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sale, no right, tide or interest in or to any Proprietary Rights in such
products is transferred under this Agreement and IGS may freely market, sell,
distribute or otherwise transfer such products in all markets worldwide.

         6.3  A party's exclusive rights under Section 6.1 above may be
transferred only with the prior written approval of the non-transferring party,
except that RSS may, in its sole discretion and without the prior written
approval of IGS, transfer its exclusive rights hereunder to S-MOS Systems Inc.
("S-MOS"), a California corporation.

         6.4  A party may appoint a third party distributor to exercise such
party's distribution rights under this Section 6 to a third party distributor
who agrees in writing to be bound by all the terms and conditions of this
Agreement.

     7.  Ownership.
         ---------

         7.1  As between the parties and subject to the licenses granted herein,
RSS owns all right, title and interest in and to all of the *** Technology and
Documentation and all copies and portions thereof and all Proprietary Rights
thereto. As between the parties and subject to the license granted herein, IGS
owns all right title and interest in and to the IGS Chip and all Proprietary
Rights thereto, subject to RSS' rights in the *** Technology. IGS agrees to
assign and hereby does assign to RSS any and all Proprietary Rights IGS may
acquire in the *** Technology or Documentation or any Derivative Work of the
foregoing. In the event RSS is unable for any reason to secure IGS' authorized
signature to apply for or to pursue any application for any United States or
foreign letters patent or copyright registrations or other intellectual property
protection relating to Proprietary Rights assigned to RSS hereunder, then IGS
hereby irrevocably designates and appoints RSS and its duly authorized officers
and agents as its agent and attorney-in-fact, with full power of substitution,
to act for and in its behalf and stead to execute and file any such applications
and to do all other lawfully permitted acts to further the prosecution and
issuance of letters, patent or copyright registrations or other intellectual
property protection thereon with the same legal force and effect as if executed
by IGS.

         7.2  The foregoing ownership provision in Section 7.1 shall not be
construed to Emit either party's right to independently develop or acquire
similar products or technology without use of the other party's Confidential
Information (as defined in Section 16 below), products or technology; provided
that, except for the licenses expressly granted in this Agreement, nothing in
this Section 7.2 shall be deemed to grant either party a license under the other
party's Proprietary Rights.

         7.3  In the course of marketing the CyberPro3000 Products and ***
Verilog Based Products, IGS will use the then current names and designations
used by RSS therefor ("Marks") but will not represent or imply that it is RSS or
a part of RSS. However, all advertisements, promotional materials, packaging and
anything else bearing a Mark, including, without limitation, any product based
on or incorporating *** Technology or Derivative Works thereof, shall identify
RSS as the Mark owner and shall be subject to the prior written approval of RSS,
which approval shall not be unreasonably withheld. IGS also agrees not to use or
contest, during or after the term of this Agreement, any name, mark or
designation used by RSS

*** CONFIDENTIAL MATERIAL REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION.
                                       6
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advertisements, promotional materials, packaging and anything else bearing a
Mark, including, without limitation, any product based on or incorporating ***
Technology or Derivative Works thereof, shall identify RSS as the Mark owner and
shall be subject to the prior written approval of RSS, which approval shall not
be unreasonably withheld. IGS also agrees not to use or contest, during or after
the term of this Agreement, any name, mark or designation used by RSS anywhere
in the world (or any name, mark or designation similar thereto). IGS
acknowledges and agrees that all use of Marks by IGS shall inure to the benefit
of RSS.

     8.  Delivery of RSS Software.
         ------------------------

         8.1  RSS will use its diligent commercial efforts to deliver to IGS the
RSS Software and *** Verilog Source Code in accordance with the milestones set
forth in Attachment D hereto.

         8.2  IGS may perform acceptance tests on the RSS Software and ***
Verilog Source Code for a period of thirty (30) days following IGS' receipt
thereof for conformance with RSS' specifications therefor as set forth in
Attachment A. If IGS discovers material non-conformance in conducting such
acceptance tests and provides RSS with sufficient written instructions,
equipment, machines and documentation ("Nonconformance Materials") to allow RSS
to readily reproduce the problems at its facility, RSS shall, at its cost, use
reasonable efforts to make corrections or develop workarounds within thirty (30)
days after receipt of the required Nonconformance Materials or such longer
period as the parties agree in writing after conferring in good faith. The RSS
Software and *** Verilog Source Code will be deemed accepted upon the earliest
of the following: (i) IGS provides written notice of acceptance, (ii) thirty
(30) days after IGS commercially ships or licenses CyberPro3000 Products, or
(iii) thirty (30) days after delivery to IGS of the RSS Software or *** Verilog
Source Code or a correction thereto if IGS has not first provided the necessary
Nonconformance Materials. IGS shall have the right to terminate this Agreement
if RSS has not corrected any material non- conformance in the RSS Software or
*** Verilog Source Code in connection with this Section 8.2 within one hundred
twenty (120) days of IGS' delivery to RSS of Nonconformance Materials therefor.

     9.  Protection of the *** Technology.
         --------------------------------

         9.1  In addition to its obligations under Section 16 below, IGS shall
restrict access to and shall not disclose any *** Technology to any person or
entity except to a limited number (but in no event more than ten (10)) of IGS'
employees and independent contractors (i) located at 4001 Burton Drive, Santa
Clara, CA. 95054, and (ii) who have a need to access the *** Technology to
enable IGS to exercise its rights and perform its obligations under this
Agreement. Within thirty (30) days after request from RSS but not more than
three (3) times each year, IGS shall provide RSS with a list of the names of any
and all individuals (employees, independent contractors, employees of
independent contractors, and any other individuals) who then have or have had,
at any time since IGS last provided such a list, access to the *** Technology.
IGS shall inform all persons who are given access to the *** Technology that the
*** Technology contains confidential trade secrets of RSS and is the
Confidential Information (as defined in Section 16 below) of RSS. IGS shall
employ its best efforts to prevent unauthorized physical or electronic access,
use, reproduction, transmission, display, disclosure and

*** CONFIDENTIAL MATERIAL REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND
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<PAGE>

at RSS' request, but no more than three (3) times each calendar year, for the
purpose of (i) confirming that it is protecting the *** Technology in accordance
with this Agreement, and (ii) reminding its employees and independent
contractors of the limited rights and obligations of IGS and each employee and
independent contractor pertaining to the *** Technology. Following each review,
IGS will notify RSS in writing that IGS conducted the review and (a) that no
violations were discovered, or (b) that violations were discovered, a
description of the nature and extent of the violations, and a description of the
actions taken by IGS to correct the violations. IGS shall take all actions
reasonably required to recover and prevent further use, reproduction and
disclosure of the *** Technology in the event of loss or misappropriation;
provided that if IGS fails to enforce any confidentiality obligations of its
employees or independent contractors or fails to recover and prevent further use
of the *** Technology, then RSS may take all necessary steps, including, without
limitation, initiating legal action, to enforce such agreements to protect its
interests in the *** Technology. IGS shall be fully responsible for the conduct
of all of its employees, independent contractors, agents and representatives who
may in any way breach this Section 9 or Section 16 below and shall indemnify RSS
for any damages relating to or arising from such breach.

     9.3  IGS expressly agrees to keep the *** Technology and Derivative Works
thereof and any portions or copies of the foregoing at IGS' offices located at
4001 Burton Drive, Santa Clara, CA. 95054, and not to move, transmit, view,
access, store, situate or otherwise transfer, distribute, display or relocate
for any period of time whatsoever, physically, electronically or otherwise, or
allow any third party to do any of the foregoing, any *** Technology or
Derivative Works thereof or any portions or copies of the foregoing without the
prior written approval of RSS.

     10. License Fees: Royalties.
         -----------------------

         10.1  Initial Payments.  In consideration of the licenses granted to
               ----------------
IGS by RSS herein, upon execution of this Agreement, IGS shall pay RSS a non-
refundable, non-recoupable, non-creditable RSS Software license fee in the
amount of *** Dollars ($***) and a non-refundable, non-recoupable, non-
creditable *** Verilog Source Code license fee in the amount *** Dollars
($***).

         10.2  Milestone Payments.  In consideration of RSS' development of the
               ------------------
*** Technology for use in CyberPro3000 Products, IGS shall pay RSS the following
non-refundable, non-recoupable, non-creditable milestone payments upon RSS'
completion of the milestones below and further specified in Attachment D:

               (a)  *** Dollars ($***) upon sign-off by IGS of a test sample of
the IGS Chip;

               (b)  *** Dollars ($***) upon the commercial production release of
the IGS Chip; and

               (c)  *** Dollars ($***) upon the commercial production release of
the RSS Software.

*** CONFIDENTIAL MATERIAL REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND
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     Notwithstanding anything else in this Agreement, the first commercial sale
of a CyberPro3000 Product shall conclusively be deemed to satisfy each and every
milestone requirement in this Section 10.2 and IGS shall immediately pay to RSS
any milestone payment(s) not yet paid hereunder.

         10.3   Royalties.
                ---------

                (a)  Each party shall pay royalties to the other party for each
unit of CyberPro3000 Product sold, distributed or otherwise transferred under
this Agreement by or for such selling party as follows:

                 Number of Units                  Royalty Per Unit
                 ---------------                  ----------------

                 1-***                                  $***
                 ***- ***                               $***
                 ***- ***                               $***
                 ***+                                   $***

                 (b) Each party shall pay royalties to the other party for each
unit of *** Verilog Based Product sold, distributed or otherwise transferred
under this Agreement by or for such selling party in the amount of *** ($***)
for each unit of the first *** (***) units of *** Verilog Based Products,
licensed, distributed or otherwise transferred.

                (c)  All royalties shall be due and paid at the same time as the
quarterly reports are provided under Section 10.5 below. No royalties shall
accrue with respect to either party after ***, provided all royalties accrued
prior to *** have been paid in full on or before ***. Royalties shall continue
to accrue after ***with respect to a party which has not paid royalties as
provided in this paragraph (c) until such time as that party has paid all
outstanding and accrued royalties in full. No royalties shall be payable for (i)
units of CyberPro3000 Products and *** Verilog Based Products that are returned
and for which a credit has been made to a customer or (ii) commercially
reasonable quantities of CyberPro3000 Products and *** Verilog Based Products
used for testing, demonstration and similar purposes provided a party is not
paid for such use.

         10.4   New Markets.  In the event the parties agree in writing to amend
                -----------
either the IGS Market or RSS Market to add any additional platform or territory,
all royalties for units of CyberPro3000 Products sold in such new market shall
be calculated based only on the unit sales applicable to such additional
platform(s) or territory(ies), as the case may be.

         10.5   Payments; Reports; Audit.  Each party shall bear its own
                ------------------------
manufacturing, marketing, sales and distribution costs including, without
limitation, taxes, duties and other government assessments. All late payments
will be assessed a service fee of one and one-half percent (1.5%) per month or
the maximum rate allowed under applicable law, whichever is less. Each party
shall provide to the other party, within thirty (30) days after the end of each
calendar quarter, quarterly written reports of the total number of units of
CyberPro3000 Products and

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*** Verilog Based Products distributed by or for such party and the royalties
payable, if any, which have accrued under Section 10.3 above. Each party shall
keep complete and accurate books and records of its sales and distribution of
CyberPro3000 Products and *** Verilog Based Products all other transactions
relating thereto in sufficient detail to enable any payments due hereunder to be
determined and verified. Each party shall have the right (at its expense, upon
reasonable notice and during the audited party's normal business hours) to have
an independent certified public accountant inspect and audit the books and
records of the other party for the purpose of verifying any reports, information
or payments provided or due hereunder. Such accountant shall be bound in
confidence not to use or disclose any information except to the extent necessary
to inform the auditing party of any non-compliance with the reports, information
or payments provisions of this Agreement. All underpayments revealed by such
audit shall be paid within thirty (30) days of the audit results. If such audit
reveals an underpayment in excess of five percent (5%), the underpaying party
shall bear the expense of the audit. Each party may exercise its right to audit
no more than once per year unless an underpayment of over five percent (5%) has
been discovered in the prior audit. In such event, the underpaid party shall
have the right to audit once every three (3) months until the results of the
three (3) most recent audits show less than a five percent (5%) underpayment.

     11.  Training and Support.
          --------------------

          11.1  The parties agree to cooperate in the development and support of
the *** Technology, IGS Software, IGS Chip and CyberPro3000 Products.
Accordingly, each party shall provide, at the other party's request and expense,
up to *** (***) man hours of training and technical support during the providing
party's normal business hours. A party may request additional training and
technical support at the providing party's then current consulting fee, which
request shall not unreasonably be denied.

          11.2  The parties shall together and in good faith negotiate with
third parties for the right to bundle mutually acceptable third party products
with the CyberPro3000 Products and *** Verilog Based Products.

     12.  Representations and Warranties.
          ------------------------------

          12.1  Each party represents and warrants that:

                (a)  it has the corporate power and authority to enter into and
to fulfil its obligations under this Agreement;

                (b)  it will use its diligent commercial efforts to successfully
market, distribute and support the CyberPro3000 Products in the IGS Market (in
the case of IGS) and the RSS Market (in the case of RSS) on a continuing basis
and to comply with good business practices and all laws and regulations relevant
to this Agreement or the subject matter hereof;

                (c)  it is fully responsible for the satisfaction and support of
its customers. Each party will be responsible for, and shall indemnify, defend
and hold the other party harmless from, all claims, damages, settlements,
expenses and attorneys' fees incurred by a party

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with respect to the other party's customers and their claims; and

              (d)  to keep for three (3) years after termination of this
Agreement records of all CyberPro3000 Product and *** Verilog Based Product
sales and customers sufficient to adequately administer a recall of any such
products and to fully cooperate in any decision by RSS or IGS to recall,
retrieve and/or replace any such products.

         12.2  IGS represents and warrants that:

               (a)  it has the right to grant RSS the licenses in Section 3
including, without limitation, the license to the AGP Technology;

               (b)  IGS shall not enter into any manufacturing, fabrication or
foundry agreement with any third party for the CyberPro3000 Products, ***
Verilog Based Products or IGS Chips which does not expressly grant RSS the
irrevocable right to obtain manufacturing, fabrication or foundry services for
CyberPro3000 Products, *** Verilog Based Products or IGS Chips from such third
party on the same terms as IGS and grant RSS discounts, credits or other
favorable terms (including, without limitation, price) based on the number of
units thereof produced by such third party manufacturer for IGS; and

              (c)  the deliverables provided by it hereunder shall be the same
in every respect as the products shipped by IGS to its customers and that it
will, without charge, provide to RSS for the term of this Agreement, all
improvement, upgrades, updates, bug fixes and other enhancements which IGS makes
generally available to its customers.

     13.  Warranty; Disclaimer. RSS represents and warrants that (i) the
          --------------------
*** Technology, as delivered by RSS hereunder, will conform substantially to
RSS' specifications therefor, provided that IGS' sole remedy for breach of the
warranty in this clause (i) shall be IGS' rights under Section 8.2; and (ii) to
the best of RSS' knowledge, the RSS Software does not infringe any United States
Proprietary Rights of any third party, provided that IGS' sole remedy for breach
of the warranty in this clause (ii) shall be IGS' rights under Section 15.
EXCEPT AS EXPRESSLY AND UNAMBIGUOUSLY SET FORTH IN TIES SECTION 13, RSS MAKES NO
WARRANTIES TO ANY PERSON OR ENTITY WITH RESPECT TO ANY PRODUCTS, *** TECHNOLOGY
OR DOCUMENTATION OR ANY PORTION OR DERIVATIVE WORK THEREOF OR ANY SERVICES OR
LICENSES AND HEREBY DISCLAIMS ALL OTHER WARRANTIES, EXPRESS OR IMPLIED,
INCLUDING WITHOUT LIMITATION, WARRANTIES OF MERCHANTABILITY, FITNESS FOR A
PARTICULAR PURPOSE AND NONINFRINGEMENT.

     14.  Limited Liability. NOTWITHSTANDING ANYTHING ELSE IN THIS AGREEMENT OR
          -----------------
OTHERWISE (EXCEPT SECTION 15 BELOW), NEITHER PARTY WILL BE LIABLE WITH RESPECT
TO ANY SUBJECT MATTER OF THIS AGREEMENT UNDER ANY CONTRACT, NEGLIGENCE, STRICT
LIABILITY OR OTHER LEGAL OR EQUITABLE THEORY FOR (I) ANY SPECIAL, INCIDENTAL OR
CONSEQUENTIAL DAMAGES OR LOST DATA, (II) COST OF PROCUREMENT OF SUBSTITUTE
GOODS, TECHNOLOGY OR SERVICES, (III) ANY AMOUNTS IN EXCESS IN THE AGGREGATE OF

*** CONFIDENTIAL MATERIAL REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION.

                                       11
<PAGE>

THE MILESTONE PAYMENTS ACTUALLY PAID TO RSS BY IGS PURSUANT TO SECTION 10.2
ABOVE, OR (IV) ANY MATTER BEYOND ITS REASONABLE CONTROL.

     15.  Indemnification.  Each party shall indemnify, defend and hold the
          ---------------
other party and its officers, directors, agents and employees harmless from
liability, damages, costs, and attorneys' fees, if any, finally awarded in any
suit or the amount of the settlement thereof resulting from any third party
claim that the *** Technology or Derivative Works thereof created by or for RSS
(in the case of RSS) or IGS Chip, IGS Software or Derivative Works thereof or
other deliverable created by or for IGS (in the case of IGS) infringes any
United States patent, copyright or trademark or misappropriates any trade
secret, provided that: (i) the indemnifying party is promptly notified of any
and all threats, claims and proceedings related thereto, (ii) the indemnifying
party shall have sole control of the defense and/or settlement thereof, (iii)
the indemnified party furnishes to the indemnifying party upon the indemnifying
party's request and expense, information reasonably available to the indemnified
party for such defense, and (iv) the indemnified party provides the indemnifying
party with reasonable assistance. Neither party shall admit any such claim
without prior written consent of the other party. Neither party shall have any
obligation under this Section 15 with respect to any *** Technology, IGS Chip,
IGS Software or any portion, component or Derivative Works of the foregoing (a)
not supplied by the indemnifying party, (b) made in whole or in part in
accordance with the indemnified party's specifications, (c) that are modified
after delivery by the indemnifying party, if the alleged infringement relates to
such modification, (d) combined with other products, processes or materials
where the alleged infringement relates to such combination, (e) where the
indemnified party continues allegedly infringing activity after being notified
thereof or after being informed of modifications that would have avoided the
alleged infringement and such modifications are not fully implemented, or (f)
where the indemnified party's use of the *** Technology, IGS Chip, IGS Software
or Derivative Work thereof is not strictly in accordance with the licenses
granted herein.

     16.  Confidentiality.
          ---------------

          16.1  Each party ("disclosing party") may, from time to time, in
connection with performance under this Agreement, disclose confidential
information ("Confidential Information") to the other party ("receiving party").
Each recipient party agrees not to use (other than for purposes contemplated by
this Agreement), and will use reasonable efforts to prevent the disclosure to
third parties of, any of the disclosing party's Confidential Information that is
identified as confidential at the time of disclosure and is provided in tangible
form marked "confidential" or "proprietary" (or is reduced to such form within
thirty (30) days after oral disclosure). All RSS Software, Source Code, Verilog
Source Code and Derivative Works of any of the foregoing provided by RSS is
hereby identified and marked as RSS' Confidential Information. The IGS Chip, IGS
Software and Derivative Works provided by IGS are hereby identified as IGS'
Confidential Information. The recipient party's confidentiality obligation
hereunder shall not apply to information that the recipient party can document:

                (i)   was in the recipient party's possession or known by it
prior to receipt from the disclosing party;

*** CONFIDENTIAL MATERIAL REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION.

                                       12
<PAGE>

                (ii)  is or (through no fault of the recipient party or any of
its employees, contractors, agents or licensees) becomes generally available to
the public;

                (iii) is rightfully disclosed to the recipient party by a third
party having no obligations of confidentiality to the disclosing party, provided
the recipient party complies with any restrictions imposed by the third party;

                (iv)  is independently developed by the recipient party without
use of or reference to the disclosing party's Confidential Information; or

                (v)   is required by law or regulation to be disclosed
(including, without limitation, in connection with SEC filings), provided that
the recipient party uses reasonable efforts to restrict disclosure and to obtain
confidential treatment therefor.

         16.2  Each recipient party acknowledges and agrees that due to the
unique nature of the disclosing party's Confidential Information, there can be
no adequate remedy at law for any breach of its obligations hereunder, that any
such breach may allow the recipient party or third parties to unfairly compete
with the disclosing party resulting in irreparable harm to the disclosing party
and, therefore, that upon any such breach or threat thereof, the disclosing
party shall be entitled to injunctive relief and other appropriate equitable
relief in addition to whatever remedies it may have at law, and to be
indemnified by the recipient party from any loss or harm (including, without
limitation, attorneys' fees) in connection with any breach or enforcement of the
recipient party's obligations hereunder or the unauthorized use or release of
any Confidential Information. The recipient party will notify the disclosing
party in writing immediately upon the occurrence of any such unauthorized
release or other breach of which it is aware.

     17.  Term and Termination.
          --------------------

          17.1  This Agreement shall commence on the Effective Date and shall
remain in effect until terminated.

          17.2  This Agreement will terminate:

                (a)  upon thirty (30) days (ten (10) days in the case of
nonpayment) prior written notice if IGS shall be in breach or default of any
material obligation under this Agreement; provided however, IGS may avoid such
termination if, before the end of such notice period, it cures such breach;

                (b)  immediately if IGS ceases to do business, or otherwise
terminates its business operations;

                (c)  immediately if IGS seeks protection under any bankruptcy,
receivership, trust deed, creditors arrangement, composition or comparable
proceeding, or if any such proceeding is instituted against IGS (and not
dismissed within sixty (60) days); or

                (d)  immediately if IGS is unable to grant RSS the AGP
Technology

                                       13
<PAGE>

license specified in Section 3.1(a).

          17.3  Neither party shall incur any liability whatsoever for any
damage, loss or expenses of any kind suffered or incurred by the other (or for
any compensation to the other) arising from or incident to any termination of
this Agreement by such party which complies with the terms of the Agreement
whether or not such party is aware of any such damage, loss or expenses.

          17.4  Upon termination of this Agreement by either party: (i) all
rights and licenses granted hereunder shall immediately terminate, except that
licenses to end user customers for the use of the RSS Software, Documentation,
IGS Chip and IGS Software pursuant to this Agreement shall continue in
accordance with the applicable end user agreements therefor; (ii) IGS will
immediately return to RSS all *** Technology and all materials relating to ***
Technology or portion(s) thereof and all RSS Confidential Information in IGS'
possession, custody or control in whatever form held (including all copies or
embodiments thereof), except that IGS may maintain one (1) copy of the RSS
Software solely to the extent necessary to support its installed base of
customers for the CyberPro3000 Products and *** Verilog Based Products; and
(iii) except to the extent expressly provided to the contrary in this Agreement,
all rights to payment (including, without limitation, milestone payments and
royalties) and the following provisions shall survive the termination of this
Agreement: Sections 4, 7, 9.1, 9.3, 10.5, 12.1(a), (c) & (d), 12.2(a) and 13
through 20, inclusive.

          17.5  Termination is not the sole remedy under this Agreement and,
whether or not termination is effected, all other remedies will remain
available.

     18.  Export Requirements. IGS agrees to comply with the U.S. Foreign
          -------------------
Corrupt Practices Act (regarding, among other things, payments to government
officials) and all export laws, restrictions, national security controls and
regulations of the United States and all other applicable foreign agencies and
authorities, and not to export or re-export, or allow the export or re-export
of, any CyberPro3000 Product, *** Verilog Based Product, *** Technology or
Documentation or any copy or direct product thereof (a) in violation of any such
restrictions, laws or regulations or (b) without all required licenses and
proper authorizations, to Cuba, Libya, North Korea, Iran, Iraq or Rwanda or to
any Group D or E country (or any national of such country) specified in the then
current Supplement No. 1 to part 740 of the U.S. Export Administration
Regulations (or any successor supplement or regulations). IGS shall promptly
execute any documents required by U.S. export requirements and demonstrate upon
demand to RSS its compliance with such requirements. IGS shall obtain and bear
all expenses relating to any licenses, exemptions and other requirements with
respect to the export from the U.S. of any and all CyberPro3000 Products, ***
Verilog Based Products, *** Technology, Documentation, information, materials or
items deliverable by RSS hereunder to any location and shall demonstrate to RSS
compliance with all applicable laws and regulations prior to export thereof.

     19.  Assignment. Neither this Agreement nor any rights, licenses or
          ----------
obligations hereunder, may be assigned by either party without the prior written
approval of the non-assigning party. Notwithstanding the foregoing, either party
may assign this Agreement (with no rights or obligations retained by the
assignor) to any acquiror of all or substantially all of such party's stock

*** CONFIDENTIAL MATERIAL REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION.

                                       14
<PAGE>

assets or business to which this Agreement relates. The provisions of this
Agreement shall inure to the benefit of, and be binding upon, RSS and IGS and
their respective successors and permitted assigns.

     20.  Miscellaneous.
          -------------

          20.1  Entire Agreement: Amendment.  This Agreement (and all
                ---------------------------
Attachments hereto) constitutes the entire and only agreement between the
parties relating to the subject matter hereof, and supersedes all other prior
negotiations, representations, understandings and agreements. No agreements
amending, modifying or supplementing the terms hereof shall be effective except
by means of a written document signed by the duly authorized representatives of
both parties.

          20.2  Notices. All notices, consents, or approvals required by this
                -------
Agreement shall be in writing and shall be deemed given five (5) days after
being sent by certified or registered air mail, postage prepaid, or when
received after being sent by facsimile (confirmed by such certified or
registered mail) or by commercial overnight courier service with tracking
capabilities, to the parties at the addresses below or such other addresses as
may be designated in writing by the respective parties pursuant to the terms of
this notice provision:

     To RSS:

          Reality Simulation Systems Acquisition Corporation
          1020 Ashbury St.
          San Jose, CA 95126
          Attn:  Sandeep Gupta

     To IGS:

          InteGraphics Systems, Inc.
          4001 Burton Drive
          Santa Clara, CA 95054
          Attn:  Kenny Liu

          20.3  Governing Law and Legal Accounts.  This Agreement shall be
                --------------------------------
governed by and construed under the laws of the State of California and the
United States, without regard to the conflicts of laws provisions thereof and
without regard to the United Nations Convention on the International Sale of
Goods. In any action or proceeding to enforce rights under this Agreement, the
prevailing party shall be entitled to recover its costs and attorneys' fees.

          20.4  Arbitration.  Except that either party may seek equitable or
                -----------
similar relief from a court, any dispute, controversy or claim arising out of or
in relation to this Agreement or at law, or the breach, termination or
invalidity thereof, that cannot be settled amicably by agreement of the parties
hereto, shall be finally settled by arbitration in accordance with the
arbitration rules of the American Arbitration Association ("AAA"), then in force
by one or more qualified, independent arbitrators appointed in accordance with
said rules; provided, however, that arbitration proceedings

                                       15
<PAGE>

may not be instituted until the party alleging breach of this Agreement by the
other party has given the other party not less than thirty (30) days to remedy
any alleged breach and the other party has failed to do so. The arbitration will
take place in San Jose, California. The award rendered shall be final and
binding upon both parties. Judgment upon the award may be entered in any court
having jurisdiction, or application may be made to such court for judicial
acceptance of the award and/or an order of enforcement as the case may be.

          20.5  Waiver.  The failure of a party to enforce a right under this
                ------
Agreement shall not act as a waiver of that right or the ability to assert that
right relative to the particular situation involved. The waiver by either party
of a breach of any provisions contained in this Agreement shall be effective
only if set forth in a writing signed by both parties and shall in no way be
construed as a waiver of any succeeding breach of such provision or the waiver
of the provision itself.

          20.6  Headings.  Headings included herein are for convenience only
                --------
and shall not be used to interpret or construe this Agreement.

          20.7  Severability.  If any provision of this Agreement shall be held
                ------------
void, invalid, illegal or unenforceable, that provision shall be limited or
eliminated to the minimum extent necessary so that this Agreement shall
otherwise remain in full force and effect and enforceable.

          20.8  Remedies; Injunctive Relief.  Except as otherwise expressly
                ---------------------------
provided, the rights and remedies of a party set forth herein with respect to
failure of the other party to comply with the terms of this Agreement are not
exclusive, the exercise thereof shall not constitute an election of remedies and
the aggrieved party shall in all events be entitled to seek whatever additional
remedies may be available in law or in equity (including, without limitation,
appropriate injunctive relief).

          20.9  Nonsolicitation.  During the term of this Agreement and for a
                ---------------
period of one (1) year after the termination or expiration of the Agreement,
neither party shall, directly or indirectly, solicit the employment or services
of any employee of the other party, or encourage employees to leave the employ
of the other party.

          20.10  No Joint Venture.  Nothing in this Agreement shall be deemed
                 ----------------
or construed as creating a joint venture or partnership between the parties.
Except as expressly set forth, no party is by virtue of this Agreement
authorized as an agent, employee or legal representative of any other party, and
the relationship of the parties is, and at all times shall continue to be, that
of independent contractors.

          20.11  Further Assurances. Each party agrees to cooperate fully with
                 ------------------
the other party and to execute such further instruments, documents and
agreements and to give such further written assurances, as may be reasonably
requested by the other party, to better evidence and reflect the transactions
described in and contemplated by this Agreement, and to carry into effect the
intents and purposes of this Agreement.

                                       16
<PAGE>

          20.12  Counterparts. This Agreement may be executed in counterparts,
                 ------------
each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.

     IN WITNESS WHEREOF, the parties have caused their duly authorized
representatives to execute this Agreement as of the Effective Date.

REALITY SIMULATION SYSTEMS                     INTEGRAPHICS SYSTEMS, INC.
ACQUISITION CORPORATION

By:   /s/ Sandeep Gupta                        By    /s/ Kenny Liu
   -----------------------------                 ----------------------------
Name:     Sandeep Gupta                        Name:     Kenny Liu
     ---------------------------                    -------------------------
Title:    President                            Title:    CEO/President
      --------------------------                     ------------------------

                                       17
<PAGE>

                                 ATTACHMENT A

AGP Technology Specification:
[to be provided]

IGS Chip Specification:
[to be provided]

IGS Software Specification:
[to be provided]

RSS Software Specification:
[to be provided]

                                       18
<PAGE>

                                 ATTACHMENT B

                             CYPERPRO3000 PRODUCTS

                                [to be provided]

                                       19
<PAGE>

<TABLE>
<CAPTION>

               ATTACHMENT B                                                                                 [***(TM) Logo]
------------                                                                                             *** Graphics Chip

PRELIMINARY
<S>                                      <C>
Features                                 High Performance *** Engine
***Rendering Engine
 .  On-chip *** setup                     The *** Rendering Engine is based on the ***(TM) which performs many of the ***
 .  *** visibility                        operations such as *** setup, ***, and *** on chip resulting in minimal overhead on the
 .  *** filtering                         host processor to deliver outstanding *** mapped graphics. The patented rendering engine
 .  *** lighting                          utilizes  and takes advantage at a no *** -buffer memory architecture, increasing the
 .  *** Interpolation                     resolution and amount of *** that can be stored in any given memory configuration.
 .  Per Pixel *** and Depth ***
 .  Perspective-correct Interpolation     Superb *** Graphics Accelerator
 .  *** pixels/sec, *** MIP-mapped
 .  ***/sec, *** pixel-***. ***           ***(TM) includes a glueless solution for simple, efficient, cost effective high
   lighting, alpha, floating point (API  performance graphics subsystem design for *** systems. The integrated ***Hz***,
   natural) input*                       dual programmable clocks, write *** and dual command *** reduce system cost while
                                         optimizing memory bandwidth for maximum graphics performance.
***Accelerator
 .  *** GUI engine
 .  ***Hz RAMDAC, dual clock                ***(TM) Output
 .  Supports up to ***, *** & ***Hz  up
   to ***                                The ***(TM) incorporates a *** technology, *** and an integrated ***
 .  ***, *** support                      on-chip for true *** quality output.
 .  WINBench97 @ ***
   Pentium ***: *** (est.)*              Since the *** does not display as many vertical lines as a ***, scaling is implemented
                                         to avoid losing information when lines are dropped. The data from the lines which are
***(TM) Output                           eliminated during scaling is incorporated into adjacent lines, thus avoiding a loss of
 .  Low cost Accelerator with on-chip     data.
   digital NTSC/PAL ***
 .  Proprietary *** filtering             Fig. 1 - ***(TM) Chip Block Diagram
 .  Enhanced *** & *** quality with ***
 .  *** (***),*** (***)                                                      [GRAPHIC OMITTED]
 .  ***, ***, *** & ***
 .  Requires only a *** for *** output.
 .  Support for *** output.
 .  *** /Composite direct *** output
 .  Simultaneous & different *** & ***
   outputs
 .  Supports *** (TM) ***

*  Mileage might vary depending on
   actual system implementation
</TABLE>
                                  CONFIDENTIAL

*** CONFIDENTIAL MATERIAL REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION.

                                       20
<PAGE>

<TABLE>
<CAPTION>

                                                                                                 [***(TM) Logo]
                                                                                              *** Graphics Chip
PRELIMINARY

<S>                                  <C>
***  Editing/Conferencing            Better *** Capture Quality
 .  ***, windows plus ***
 .  High Quality multi-tap filtering  *** and *** can capture very high quality *** through the *** port and the
   during *** capture.               hardware filter. The filter averages the scaled down *** for better quality
 .  *** Interpolation with edge       before minifying for capture. The ***(TM) will support both ***  and
   smoothing
 .  Mirror/upside down support for    *** formats as well as *** and *** interfaces.
   ***
 .  Filtering during down scaling &   Enhanced Triple *** Windows
   *** capture
Flexible *** Inputs                  The (***(TM) supports hardware assisted three independently scaleable
 .  ***, *** & *** support            *** windows enabling *** and *** applications.
 .  Support for ***, ***
 .  Direct Interface for popular      Where necessary, the *** is scaled with interpolation and displayed for
 ***                                 better *** quality. This *** chip provides excellent *** and *** when
Multiplatform Support                scaling from *** icon size to full screen because it supports both
 .  Intel(TM), Cyrix(TM), and AMD     horizontal and vertical interpolation along with edge smoothing technologies
   (TM)                              for jagged edges, In addition, it eliminates the combing effect of rapid
 .  PowerPC(TM)                       movement. When *** is scaled down, the *** is filtered and either *** or ***
Drivers & Software                   at a much higher quality.
 .  Microsoft DirectX(TM)
 .  Apple QuickDraw3D(TM) RAVE
 .  BIOS                              Table 1 - Supported *** Resolutions*
Documentation                                                      [GRAPHIC OMITTED]
 .  Technical Manual
Reference Board                                       FB            2MB             4MB            8MB
 .   Reference Design Board                                               ***             ***            ***
RSSI                                 Resolutions     bpp       Supported MEM   Supported MEM  Supported MEM
2355 Old Oakland Road, Suite #4      ------------------------------------------------------------------------
SAN JOSE, CA 95131                   ***             ***              X  848         X  2,896       X  6,992
PH: 408-955-9663                                     ***              X  248         X  2,296       X  6,392
FX 408-955-9671                                      ***                             X  1,696       X  5,792
http://www.simsys.oom                -----------------------------------------------------------------------
RSSI assumes no responsibility or    ***             ***              X  173         X  2,221       X  6,317
liability for any errors or                          ***                             X  1,284       X  5,380
errors contained in this                                                             X    346       X  4,442
document. This includes any          -----------------------------------------------------------------------
claim for copyright or patent        ***             ***                              X  1,024      X  5,120
infringement or direct,                              ***                                            X  3,584
indirect, special or                                                                                X  2,048
consequential damages. The           -----------------------------------------------------------------------
information herein is subject to     ***             ***                                            X  3,072
change without notice from RSSI.                     ***                                            X    512
AD trademark and registered                          ***
trademarks are property of their
respective owners.
Glossy rev. 004 06/97 - EH01         * Includes single-butter, double-buffer, *** -butter with remaining ***
                                     map storage as shown above (kB).
                                     x Not supported by traditional *** chips.
</TABLE>

                                 CONFIDENTIAL

*** CONFIDENTIAL MATERIAL REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION.

                                       21
<PAGE>

                                 ATTACHMENT C

                           PLATFORMS AND TERRITORIES

As used herein, "Network Computer" and "Settop" shall mean consumer information
appliances based on Java or a real time operating system using embedded central
processing units and a television as a primary display.

IGS market:
--------------------------------------------------------------------------------
Platform                          Territories
--------------------------------------------------------------------------------
Settop                                ***
Network Computer                      ***
Laptop Computer                       ***
                                      ***
                                      ***
                                      ***
                                      ***
                                      ***
--------------------------------------------------------------------------------

RSS Market:
--------------------------------------------------------------------------------
Platform                          Territories
--------------------------------------------------------------------------------
All MAC OS accounts               N. American PC desktop accounts
--------------------------------------------------------------------------------

*** CONFIDENTIAL MATERIAL REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION.

                                       22
<PAGE>

                                 ATTACHMENT D

                              MILESTONE SCHEDULE

--------------------------------------------------------------------------------
                Milestone                             Target Date
--------------------------------------------------------------------------------
Execution of Agreement                               June 1, 1997
Test Sample sign-off                                 July 31, 1997
Commercial Production Release                      October 31, 1997
--------------------------------------------------------------------------------

                                       23
<PAGE>

                                 ATTACHMENT E

                                *** TECHNOLOGY

<TABLE>
<CAPTION>
<S>                                                  <C>
 .  Triangle, Line, Point rendering                    Input display list can include all basic *** primitives.
 .  Setup from floating point coordinates              No driver overhead for reformatting data
 .  Perspective correct interpolation                  All values, including ***
 .  *** per-pixel lighting                             Allows *** lights
 .  *** interpolation per-pixel                        *** plus MIP-map level and ***
 .  Specular Lighting                                  Best quality lighting enabled by ***
 .  Point/Linear/*** filtering                         *** and *** -quality *** modes
 .  *** buffer                                         Flexible *** for apps that read *** buffer
 .  Alpha channel mixing (translucency)                No front-back sorting required
 .  Oversampling anti-aliasing                         Reduces "***" on *** of triangles and lines
 .  Anisotropic ***                                    Better filtering than ***
 .  Sub-pixel accuracy                                 No *** jitter
 .  Source *** keying                                  For *** with *** texels
 .  Multiple ***                                       Compact high quality ***
</TABLE>

*** CONFIDENTIAL MATERIAL REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND
EXCHANGE COMMISSION.

                                       24EMPLOYMENT AGREEMENT
                             --------------------

     THIS AGREEMENT, made and entered into as of this ____ day of May, 2000,
by and between Stilwell Financial, Inc., a Delaware corporation ("Stilwell")
and Landon H. Rowland, an individual ("Executive") to be effective on the date
of the Spin-off Distribution (as defined below).

     WHEREAS, the parties expect that all of the issued and outstanding stock
of Stilwell will be distributed (the "Spin-off Distribution") to the
shareholders of Kansas City Southern Industries, Inc. ("KCSI") which has been
the parent of Stilwell since its formation on January 23, 1998; and

     WHEREAS, Executive previously was employed by KCSI, and Stilwell and
Executive desire for Stilwell to continue to employ Executive on the terms and
conditions set forth in this Agreement and to provide an incentive to
Executive to remain in the employ of Stilwell hereafter, particularly in the
event of any Change in Control (as herein defined) of Stilwell or any
Significant Subsidiary (as herein defined),  thereby establishing and
preserving continuity of management of Stilwell.

     NOW, THEREFORE, in consideration of the mutual covenants and agreements
herein contained, it is agreed by and between Stilwell and Executive as
follows:

     1.     EMPLOYMENT.  Stilwell hereby employs Executive as its Chairman of
the Board, President and Chief Executive Officer to serve at the pleasure of
the Board of Directors of Stilwell (the "Stilwell Board") and to have such
duties, powers and responsibilities as may be prescribed or delegated from
time to time by the Stilwell Board, subject to the powers vested in the
Stilwell Board and in the stockholders of Stilwell.  Executive shall
faithfully perform his duties under this Agreement to the best of his ability
and shall devote substantially all of his working time and efforts to the
business and affairs of Stilwell and its affiliates.

     2.     COMPENSATION.

          (a)     BASE COMPENSATION.  Stilwell shall pay Executive as
compensation for his services hereunder an annual base salary at the rate of
$___________.  Such rate shall not be increased prior to January 1, 2003 and
shall not be reduced except as agreed by the parties or except as part of a
general salary reduction program imposed by Stilwell and applicable to all
officers of Stilwell.

          (b)     INCENTIVE COMPENSATION.  For the years 2000, 2001, and 2002,
Executive shall not be entitled to participate in any Stilwell incentive
compensation plan.

     3.     BENEFITS AND STOCK OWNERSHIP.

          (a)     BENEFITS.  During the period of his employment hereunder,
Stilwell shall provide Executive with coverage under such benefit plans and
programs as are made generally available to similarly situated employees of
Stilwell, provided (a) Stilwell shall have no obligation with respect to any
plan or program if Executive is not eligible for coverage thereunder, and (b)
Executive acknowledges that stock options and other stock and equity
participation awards are granted in the discretion of the Stilwell Board or
the Compensation Committee of the Stilwell Board and that Executive has no
right to receive stock options or other equity participation awards or any
particular number or level of stock options or other awards.  In determining
contributions, coverage and benefits under any disability insurance policy and
under any cash compensation-based plan provided to Executive by Stilwell, it
shall be assumed that the value of Executive's annual compensation, pursuant
to this Agreement is $________.  Executive acknowledges that all rights and
benefits under benefit plans and programs shall be governed by the official
text of each such plan or program and not by any summary or description
thereof or any provision of this Agreement (except to the extent this
Agreement expressly modifies such benefit plans or programs) and that Stilwell
is not under any obligation to continue in effect or to fund any such plan or
program, except as provided in Paragraph 7 hereof.  Stilwell also shall
reimburse Executive for ordinary and necessary travel and other business
expenses in accordance with policies and procedures established by Stilwell.

          (b)     STOCK OWNERSHIP.  During the period of his employment
hereunder, Executive shall retain ownership in himself or in members of his
immediate family of at least a majority of the number of shares of (i)
Stilwell stock received by Executive or members of his immediate family in the
Distribution, and (ii) Stilwell stock acquired upon the exercise of stock
options, but excluding from such number of shares any such shares transferred
to KCSI to pay the purchase price upon the exercise of stock options or to
meet withholding tax requirements.

     4.     TERMINATION.

          (a)     TERMINATION BY EXECUTIVE.  Executive may terminate this
Agreement and his employment hereunder by at least thirty (30) days advance
written notice to Stilwell, except that in the event of any material breach of
this Agreement by Stilwell, Executive may terminate this Agreement and his
employment hereunder immediately upon notice to Stilwell.

          (b)     DEATH OR DISABILITY.  This Agreement and Executive's
employment hereunder shall terminate automatically on the death or disability
of Executive, except to the extent employment is continued under Stilwell's
disability plan.  For purposes of this Agreement, Executive shall be deemed to
be disabled if he qualifies for disability benefits under Stilwell's long-term
disability plan.

          (c)     TERMINATION BY STILWELL FOR CAUSE.  Stilwell may terminate
this Agreement and Executive's employment "for cause" immediately upon notice
to Executive.  For purposes of this Agreement (except for Paragraph 7),
termination "for cause" shall mean termination based upon any one or more of
the following:

               (i)  Any material breach of this Agreement by Executive;

               (ii)  Executive's dishonesty involving Stilwell or any
     subsidiary of Stilwell;

               (iii)  Gross negligence or willful misconduct in the performance
     of Executive's duties as determined in good faith by the Stilwell Board;

               (iv)  Willful failure by Executive to follow reasonable
     instructions of the President or other officer to whom Executive reports
     concerning the operations or business of Stilwell or any subsidiary of
     Stilwell;

               (v)  Executive's fraud or criminal activity; or

               (vi)  Embezzlement or misappropriation by Executive.

          (d)     TERMINATION BY STILWELL OTHER THAN FOR CAUSE.

               (i)  Stilwell may terminate this Agreement and Executive's
     employment other than for cause immediately upon notice to Executive, and
     in such event, Stilwell shall provide severance benefits to Executive in
     accordance with Paragraph 4(d)(ii) below.

               (ii)  Unless the provisions of Paragraph 7 of this Agreement
     are applicable, if Executive's employment is terminated under Paragraph
     4(d)(i), Stilwell shall continue, for a period of ____ (__) year following
     such termination, (a) to pay to Executive as severance pay a monthly
     amount equal to one-twelfth (1/12th) of the annual base salary referenced
     in Paragraph 2(a) above, at the rate in effect immediately prior to
     termination, and, (b) to reimburse Executive for the cost (including
     state and federal income taxes payable with respect to this reimbursement)
     of continuing the health insurance coverage provided pursuant to this
     Agreement or obtaining health insurance coverage comparable to the health
     insurance provided pursuant to this Agreement, and obtaining coverage
     comparable to the life insurance provided pursuant to this Agreement,
     unless Executive is provided comparable health or life insurance coverage
     in connection with other employment.  The foregoing obligations of
     Stilwell shall continue until the end of such _______(___) year period
     notwithstanding the death or disability of Executive during said period
     (except, in the event of death, the obligation to reimburse Executive for
     the cost of life insurance shall not continue).  In the year in which
     termination of employment occurs, Executive shall be eligible to receive
     benefits under the Stilwell Incentive Compensation Plan and the Stilwell
     Executive Plan (if such Plans then are in existence and Executive was
     entitled to participate immediately prior to termination) in accordance
     with the provisions of such plans then applicable, and severance pay
     received in such year shall be taken into account for the purpose of
     determining benefits, if any, under the Stilwell Incentive Compensation
     Plan but not under the Stilwell Executive Plan.  After the year in which
     termination occurs, Executive shall not be entitled to accrue or receive
     benefits under the Stilwell Incentive Compensation Plan or the Stilwell
     Executive Plan with respect to the severance pay provided herein,
     notwithstanding that benefits under such plan then are still generally
     available to executive employees of Stilwell.  After termination of
     employment, Executive shall not be entitled to accrue or receive benefits
     under any other employee benefit plan or program, except that Executive
     shall be entitled to participate in the Stilwell Employee Stock Ownership
     Plan and the Stilwell Section 401(k) with Profit Sharing Plan Portion in
     the year of termination of employment only if Executive meets all
     requirements of such plans for participation in such year.

     5.  NON-DISCLOSURE AND NON-COMPETE.

          (a)     NON-DISCLOSURE.  During the term of this Agreement and at
all times after any termination of this Agreement, Executive shall not, either
directly or indirectly, use or disclose any Stilwell trade secret, except to
the extent necessary for Executive to perform his duties for Stilwell while an
employee.  For purposes of this Agreement, the term "Stilwell trade secret"
shall mean any information regarding the business or activities of Stilwell or
any subsidiary or affiliate, including any formula, pattern, compilation,
program, device, method, technique, process, customer list, technical
information or other confidential or proprietary information, that (a) derives
independent economic value, actual or potential, from not being generally
known to, and not being readily ascertainable by proper means by, other
persons who can obtain economic value from its disclosure or use, and (b) is
the subject of efforts of Stilwell or its subsidiary or affiliate that are
reasonable under the circumstance to maintain its secrecy.  In the event of
any breach of this Paragraph 5 by Executive, Stilwell shall be entitled to
terminate any and all remaining severance benefits under Paragraph 4(d)(ii)
and shall be entitled to pursue such other legal and equitable remedies as may
be available.

          (b)     NON-COMPETE.  Following termination of this Agreement,
except termination pursuant to Paragraph 4(d) or any termination after a
Change in Control (as herein defined of Stilwell), for a period ending three
(3) years after the last payment of salary or severance pay to Executive,
Executive shall not, directly or indirectly, as an individual, consultant,
employer, employee, officer, director, advisory director, principal, agent,
partner, member, stockholder (except non-controlling holdings of stock of not
more than 2% of a publicly traded company) or otherwise, (i) engage in a
business in competition with any business conducted by Stilwell or any
subsidiary of Stilwell at any time within five (5) years preceding the
commencement of the period of non-compete provided herein or any business
which Stilwell or any of its subsidiaries was actively considering for
ownership or conduct during the aforesaid five (5) year period, or (ii)
participate in management of any holding company owning, directly or
indirectly, more than 5% of any such business.  Executive acknowledges that
certain subsidiaries of Stilwell now conduct business throughout the United
States and in foreign countries, and agrees that this non-compete shall apply
in all countries and jurisdictions in which Stilwell or any of its
subsidiaries conduct business or was actively considering for the conduct of
business during the aforesaid five (5) year period.

     6.     DUTIES UPON TERMINATION; SURVIVAL.

          (a)     DUTIES.  Upon termination of this Agreement by Stilwell or
Executive for any reason, Executive shall immediately return to Stilwell all
Stilwell trade secrets which exist in tangible form and shall sign such
written resignations from all positions as an officer, director or member of
any committee or board of Stilwell and all direct and indirect subsidiaries
and affiliates of Stilwell as may be requested by Stilwell and shall sign such
other documents and papers relating to Executive's employment, benefits and
benefit plans as Stilwell may reasonably request.

          (b)     SURVIVAL.  The provisions of Paragraphs 5, 6(a) and 7 of
this Agreement shall survive any termination of this Agreement by Stilwell or
Executive, and the provisions of Paragraph 4(d)(ii) shall survive any
termination of this Agreement by Stilwell under Paragraph 4(d)(i).

     7.     CONTINUATION OF EMPLOYMENT UPON CHANGE IN CONTROL OF STILWELL.

          (a)     CONTINUATION OF EMPLOYMENT.  Subject to the terms and
conditions of this Paragraph 7, in the event of a Change in Control (as
defined in Paragraph 7(d)) at any time during the term of this Agreement,
Executive agrees to remain in the employ of Stilwell for a period of three
years (the "Three-Year Period") from the date of such Change in Control (the
"Control Change Date").  Stilwell agrees to continue to employ Executive for
the Three-Year Period.  During the Three-Year Period, (i) the Executive's
position (including offices, titles, reporting requirements and
responsibilities), authority and duties shall be at least commensurate in all
material respects with the most significant of those held, exercised and
assigned at any time during the 12 month period immediately before the Control
Change Date and (ii) the Executive's services shall be performed at the
location where Executive was employed immediately before the Control Change
Date or at any other location less than 40 miles from such former location.
During the Three-Year Period, Stilwell shall continue to pay to Executive an
annual base salary on the same basis and at the same intervals as in effect
prior to the Control Change Date at a rate not less than 12 times the highest
monthly base salary paid or payable to the Executive by Stilwell in respect of
the 12-month period immediately before the Control Change Date.

          (b)     BENEFITS.  During the Three-Year Period, Executive shall be
entitled to participate, on the basis of his executive position, in each of
the following Stilwell plans (together, the "Specified Benefits") in
existence, and in accordance with the terms thereof, at the Control Change
Date:

               (i)  any benefit plan, and trust fund associated therewith,
     related to (a) life, health, dental, disability, accidental death and
     dismemberment insurance or accrued but unpaid vacation time, (b) profit
     sharing, thrift or deferred savings (including deferred compensation,
     such as under Section 401(k) plans), (c) retirement or pension benefits,
     (d) ERISA excess benefits and similar plans and (e) tax favored employee
     stock ownership (such as under ESOP, and Employee Stock Purchase
     programs); and

               (ii)  any other benefit plans hereafter made generally
     available to executives of Executive's level or to the employees of
     Stilwell generally.

     In addition, Stilwell shall use its best efforts to cause all outstanding
options held by Executive under any stock option plan of Stilwell or its
affiliates to become immediately exercisable on the Control Change Date and to
the extent that such options are not vested and are subsequently forfeited,
the Executive shall receive a lump-sum cash payment within 5 days after the
options are forfeited equal to the difference between the fair market value of
the shares of stock subject to the non-vested, forfeited options determined as
of the date such options are forfeited and the exercise price for such
options.  During the Three-Year Period Executive shall be entitled to
participate, on the basis of his executive position, in any incentive
compensation plan of Stilwell in accordance with the terms thereof at the
Control Change Date; provided that if under Stilwell programs or Executive's
Employment Agreement in existence immediately prior to the Control Change
Date, there are written limitations on participation for a designated time
period in any incentive compensation plan, such limitations shall continue
after the Control Change Date to the extent so provided for prior to the
Control Change Date.

     If the amount of contributions or benefits with respect to the Specified
Benefits or any incentive compensation is determined on a discretionary basis
under the terms of the Specified Benefits or any incentive compensation plan
immediately prior to the Control Change Date, the amount of such contributions
or benefits during the Three-Year Period for each of the Specified Benefits
shall not be less than the average annual contributions or benefits for each
Specified Benefit for the three plan years ending prior to the Control Change
Date and, in the case of any incentive compensation plan, the amount of the
incentive compensation during the Three-Year Period shall not be less than 75%
of the maximum that could have been paid to the Executive under the terms of
the incentive compensation plan.

          (c)     PAYMENT.  With respect to any plan or agreement under which
Executive would be entitled at the Control Change Date to receive Specified
Benefits or incentive compensation as a general obligation of Stilwell which
has not been separately funded (including specifically, but not limited to,
those referred to under Paragraph 7(b)(i) and (ii) above), Executive shall
receive within five (5) days after such date full payment in cash (discounted
to the then present value on the basis of a rate of seven percent (7%) per
annum) of all amounts to which he is then entitled thereunder.

          (d)     CHANGE IN CONTROL.  Except as provided in the last sentence
of this Paragraph 7(d), for purposes of this Agreement, a "Change in Control"
means any one or more of the following:

               (i)  the acquisition or holding by any person, entity or group
     (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities
     Exchange Act of 1934 (the "Exchange Act"), other than by Stilwell or any
     Subsidiary (as defined below), or any employee benefit plan of Stilwell
     or a Subsidiary (and other than by KCSI prior to the Spin-off
     Distribution), of beneficial ownership (within the meaning of Rule 13d-3
     under the Exchange Act) of 20% or more of the then-outstanding common
     stock or the combined voting power of the then-outstanding voting
     securities ("Voting Power") of Stilwell; PROVIDED, HOWEVER, that no
     Change in Control shall occur solely by reason of any such acquisition by
     a corporation with respect to which, after such acquisition, more than
     60% of both the then-outstanding common shares and the then-outstanding
     Voting Power of such corporation are then beneficially owned, directly or
     indirectly, by the persons who were the beneficial owners of the then-
     outstanding common stock and Voting Power of Stilwell immediately before
     such acquisition, in substantially the same proportions as their
     respective ownership, immediately before such acquisition, of the then-
     outstanding common stock and Voting Power of Stilwell; or

               (ii)  individuals who, as of the date of the Spin-off
     Distribution, constitute the Stilwell Board (the "Incumbent Board") cease
     for any reason to constitute at least 75% of the Stilwell Board; PROVIDED
     that any individual who becomes a director after the Spin-off
     Distribution whose election or nomination for election by the
     stockholders of Stilwell was approved by at least 75% of the Incumbent
     Board (other than an election or nomination of an individual whose
     initial assumption of office is in connection with an actual or
     threatened "election contest" relating to the election of the directors
     of Stilwell (as such terms are used in Rule 14a-11 under the Exchange
     Act) or "tender offer" (as such term is used in Section 14(d) of the
     Exchange Act) or a proposed Extraordinary Transaction (as defined below))
     shall be deemed to be a member of the Incumbent Board; or

               (iii)  approval by the stockholders of Stilwell of any one or
     more of the following:

                    (A)  a merger, reorganization, consolidation or similar
          transaction (any of the foregoing, an "Extraordinary Transaction")
          with respect to which persons who were the respective beneficial
          owners of the then-outstanding common stock and Voting Power of
          Stilwell immediately before such Extraordinary Transaction would
          not, if such Extraordinary Transaction were to be consummated
          immediately after such stockholder approval (but otherwise in
          accordance with the terms presented in writing to the stockholders
          of Stilwell for their approval), beneficially own, directly or
          indirectly, more than 60% of both the then-outstanding common shares
          and the then-outstanding Voting Power of the corporation resulting
          from such Extraordinary Transaction, in substantially the same
          proportions as their respective ownership, immediately before such
          Extraordinary Transaction, of the then-outstanding common stock and
          Voting Power of Stilwell,

                    (B)  a liquidation or dissolution of Stilwell, or

                    (C)  the sale or other disposition of all or substantially
          all of the assets of Stilwell in one transaction or a series of
          related transactions; or

               (iv)  the sale or other disposition by Stilwell, directly or
     indirectly, whether by merger, consolidation, combination, lease,
     exchange, spin-off, split-off, or other means, of any Significant
     Subsidiary or any reduction in Stilwell's direct or indirect beneficial
     ownership of any Significant Subsidiary to less than 50% of the Voting
     Power of such entity.

For purposes of this Agreement, "Subsidiary" shall mean any entity of which at
least 50% of the Voting Power is beneficially owned, directly or indirectly,
by Stilwell and "Significant Subsidiary" shall mean (A) any Subsidiary which
contributed 30% or more of the total combined revenues of Stilwell and all
Subsidiaries for the prior calendar year, and (B) any one or more entities,
businesses or groups of assets directly or indirectly sold or disposed of by
Stilwell (within the meaning of paragraph 7(d)(iv)) within any two year period
that contributed 30% of more of such total combined revenues or would have
contributed such 30% based on revenues of such entities, businesses or groups
of assets for the calendar year prior to their sale or disposition.

Notwithstanding the foregoing provisions of this Paragraph 7(d) to the
contrary, the Spin-off Distribution shall not constitute a Change in Control.

          (e)     TERMINATION AFTER CONTROL CHANGE DATE.  Notwithstanding any
other provision of this Paragraph 7, at any time after the Control Change
Date, Stilwell may terminate the employment of Executive (the "Termination"),
but unless such Termination is for Cause as defined in subparagraph (g) or for
disability, within five (5) days of the Termination Stilwell shall pay to
Executive his full base salary through the Termination, to the extent not
theretofore paid, plus a lump sum amount (the "Special Severance Payment")
equal to the product (discounted to the then present value on the basis of a
rate of seven percent (7%) per annum) of (i) _____% of his annual base salary
specified in Paragraph 7(a) multiplied by (ii) ______, and Specified Benefits
(excluding any incentive compensation) to which Executive was entitled
immediately prior to Termination shall continue until the end of the 3-year
period ("Benefits Period") beginning on the date of Termination.  If any plan
pursuant to which Specified Benefits are provided immediately prior to
Termination would not permit continued participation by Executive after
Termination, then Stilwell shall pay to Executive within five (5) days after
Termination a lump sum payment equal to the amount of Specified Benefits
Executive would have received under such plan if Executive had been fully
vested in the average annual contributions or benefits in effect for the three
plan years ending prior to the Control Change Date (regardless of any
limitations based on the earnings or performance of Stilwell) and a continuing
participant in such plan to the end of the Benefits Period.  Following the end
of the Benefits Period, Stilwell shall continue to provide to the Executive
and the Executive's family the following benefits ("Post-Period Benefits"):
(1) prior to the Executive's attainment of age sixty (60), health,
prescription and dental benefits equivalent to those then applicable to active
peer executives of Stilwell and their families, as the same may be modified
from time to time, and (2) following the Executive's attainment of age sixty
(60) (and without regard to the Executive's period of service with Stilwell),
health and prescription benefits equivalent to those then applicable to
retired peer executives of Stilwell and their families, as the same may be
modified from time to time.  The cost to the Executive of such Post-Period
Benefits shall not exceed the cost of such benefits to active or retired (as
applicable) peer executives, as the same may be modified from time to time.
Notwithstanding the preceding two sentences of this Paragraph 7(e), if the
Executive is covered under any health, prescription or dental plan provided by
a subsequent employer, then the corresponding type of plan coverage (i.e.,
health, prescription or dental) required to be provided as Post-Period
Benefits under this Paragraph 7(e) shall cease.  The Executive's rights under
this Paragraph 7(e) shall be in addition to, and not in lieu of, any post-
termination continuation coverage or conversion rights the Executive may have
pursuant to applicable law, including without limitation continuation coverage
required by Section 4980 of the Code.  Nothing in this Paragraph 7(e) shall be
deemed to limit in any manner the reserved right of Stilwell, in its sole and
absolute discretion, to at any time amend, modify or terminate health,
prescription or dental benefits for active or retired employees generally.

          (f)     RESIGNATION AFTER CONTROL CHANGE DATE.  In the event of a
Change in Control as defined in Paragraph 7(d), thereafter, upon good reason
(as defined below), Executive may, at any time during the 3-year period
following the Change in Control, in his sole discretion, on not less than
thirty (30) days' written notice (the "Notice of Resignation") to the
Secretary of Stilwell and effective at the end of such notice period, resign
his employment with Stilwell (the "Resignation").  Within five (5) days of
such a Resignation, Stilwell shall pay to Executive his full base salary
through the effective date of such Resignation, to the extent not theretofore
paid, plus a lump sum amount equal to the Special Severance Payment (computed
as provided in the first sentence of Paragraph 7(e), except that for purposes
of such computation all references to "Termination" shall be deemed to be
references to "Resignation").  Upon Resignation of Executive, Specified
Benefits to which Executive was entitled immediately prior to Resignation
shall continue on the same terms and conditions as provided in Paragraph 7(e)
in the case of Termination (including equivalent payments provided for
therein), and Post-Period Benefits shall be provided on the same terms and
conditions as provided in Paragraph 7(e) in the case of Termination.   For
purposes of this Agreement, "good reason" means any one or more of the
following:

               (i)  the assignment to the Executive of any duties which result
     in a material adverse change in the Executive's position (including
     status, offices, titles, and reporting requirements), authority, duties,
     or other responsibilities with Stilwell, or any other action of Stilwell
     which results in a material adverse change in such position, authority,
     duties, or responsibilities, other than an insubstantial and inadvertent
     action which is remedied by Stilwell promptly after receipt of notice
     thereof given by the Executive,

               (ii)  any relocation of the Executive of more than 40 miles
     from the place where the Executive was located at the time of the Change
     in Control;

               (iii)  a material reduction or elimination of any component of
     the Executive's rate of compensation, including (x) base salary, (y) any
     incentive payment or (z) benefits or prerequisites which the Executive
     was receiving immediately prior to a Change in Control, or;

               (iv)  any failure by Stilwell to comply with any of the
     provisions of Paragraph 7;

A passage of time prior to delivery of the Notice of Resignation or a failure
by the Executive to include in the Notice of Resignation any fact or
circumstance which contributes to a showing of good reason shall not waive any
right of the Executive under this Agreement or preclude the Executive from
asserting such fact or circumstance in enforcing rights under this Agreement.

          (g)     TERMINATION FOR CAUSE AFTER CONTROL CHANGE DATE.
Notwithstanding any other provision of this Paragraph 7, at any time after the
Control Change Date, Executive may be terminated by Stilwell "for Cause."
Cause means commission by the Executive of any felony or willful breach of
duty by the Executive in the course of the Executive's employment, except that
Cause shall not mean:

               (i)  bad judgment or negligence;

               (ii)  any act or omission believed by the Executive in good
     faith to have been in or not opposed to the interest of Stilwell (without
     intent of the Executive to gain, directly or indirectly, a profit to
     which the Executive was not legally entitled);

               (iii)  any act or omission with respect to which a
     determination could properly have been made by the Stilwell Board that
     the Executive met the applicable standard of conduct for indemnification
     or reimbursement under Stilwell's by-laws, any applicable indemnification
     agreement, or applicable law, in each case in effect at the time of such
     act or omission; or

                (iv)  any act or omission with respect to which Notice of
     Termination of the Executive is given more than 12 months after the
     earliest date on which any member of the Stilwell Board, not a party to
     the act or omission, knew or should have known of such act or omission.

Any Termination of the Executive's employment by Stilwell for Cause shall be
communicated to the Executive by Notice of Termination.

          (h)     GROSS-UP FOR CERTAIN TAXES.  If it is determined (by the
reasonable computation of Stilwell's independent auditors, which
determinations shall be certified to by such auditors and set forth in a
written certificate ("Certificate") delivered to the Executive) that any
benefit received or deemed received by the Executive from Stilwell pursuant to
this Agreement or otherwise (collectively, the "Payments") is or will become
subject to any excise tax under Section 4999 of the Code or any similar tax
payable under any United States federal, state, local or other law (such
excise tax and all such similar taxes collectively, "Excise Taxes"), then
Stilwell shall, immediately after such determination, pay the Executive an
amount (the "Gross-up Payment") equal to the product of:

               (i)     the amount of such Excise Taxes;
     multiplied by

               (ii)     the Gross-up Multiple (as defined in Paragraph 7(k).

               The Gross-up Payment is intended to compensate the Executive
     for the Excise Taxes and any federal, state, local or other income or
     excise taxes or other taxes payable by the Executive with respect to the
     Gross-up Payment.

               Stilwell shall cause the preparation and delivery to the
     Executive of a Certificate upon request at any time.  Stilwell shall, in
     addition to complying with this Paragraph 7(h), cause all determinations
     and certifications under Paragraphs 7(h)-(o) to be made as soon as
     reasonably possible and in adequate time to permit the Executive to
     prepare and file the Executive's individual tax returns on a timely
     basis.

          (i)     DETERMINATION BY THE EXECUTIVE.

               (i)  If Stilwell shall fail (a) to deliver a Certificate to the
     Executive or (b) to pay to the Executive the amount of the Gross-up
     Payment, if any, within 14 days after receipt from the Executive of a
     written request for a Certificate, or if at any time following receipt of
     a Certificate the Executive disputes the amount of the Gross-up Payment
     set forth therein, the Executive may elect to demand the payment of the
     amount which the Executive, in accordance with an opinion of counsel to
     the Executive ("Executive Counsel Opinion"), determines to be the Gross-
     up Payment.  Any such demand by the Executive shall be made by delivery
     to Stilwell of a written notice which specifies the Gross-up Payment
     determined by the Executive and an Executive Counsel Opinion regarding
     such Gross-up Payment (such written notice and opinion collectively, the
     "Executive's Determination").  Within 14 days after delivery of the
     Executive's Determination to Stilwell, Stilwell shall either (a) pay the
     Executive the Gross-up Payment set forth in the Executive's Determination
     (less the portion of such amount, if any, previously paid to the
     Executive by Stilwell) or (b) deliver to the Executive a Certificate
     specifying the Gross-up Payment determined by Stilwell's independent
     auditors, together with an opinion of Stilwell's counsel ("Stilwell
     Counsel Opinion"), and pay the Executive the Gross-up Payment specified
     in such Certificate.  If for any reason Stilwell fails to comply with
     clause (b) of the preceding sentence, the Gross-up Payment specified in
     the Executive's Determination shall be controlling for all purposes.

               (ii)  If the Executive does not make a request for, and
     Stilwell does not deliver to the Executive, a Certificate, Stilwell
     shall, for purposes of Paragraph 7(j), be deemed to have determined that
     no Gross-up Payment is due.

          (j)     ADDITIONAL GROSS-UP AMOUNTS.  If, despite the initial
conclusion of Stilwell and/or the Executive that certain Payments are neither
subject to Excise Taxes nor to be counted in determining whether other
Payments are subject to Excise Taxes (any such item, a "Non-Parachute Item"),
it is later determined (pursuant to subsequently-enacted provisions of the
Code, final regulations or published rulings of the IRS, final IRS
determination or judgment of a court of competent jurisdiction or Stilwell's
independent auditors) that any of the Non-Parachute Items are subject to
Excise Taxes, or are to be counted in determining whether any Payments are
subject to Excise Taxes, with the result that the amount of Excise Taxes
payable by the Executive is greater than the amount determined by Stilwell or
the Executive pursuant to Paragraph 7(h) or Paragraph 7(i), as applicable,
then Stilwell shall pay the Executive an amount (which shall also be deemed a
Gross-up Payment) equal to the product of:

               (i)  the sum of (a) such additional Excise Taxes and (b) any
     interest, fines, penalties, expenses or other costs incurred by the
     Executive as a result of having taken a position in accordance with a
     determination made pursuant to Paragraph 7(h); multiplied by

               (ii)  the Gross-up Multiple.

          (k)     GROSS-UP MULTIPLE.   The Gross-up Multiple shall equal a
fraction, the numerator of which is one (1.0), and the denominator of which is
one (1.0) minus the sum, expressed as a decimal fraction, of the rates of all
federal, state, local and other income and other taxes and any Excise Taxes
applicable to the Gross-up Payment; provided that, if such sum exceeds 0.8, it
shall be deemed equal to 0.8 for purposes of this computation.  (If different
rates of tax are applicable to various portions of a Gross-up Payment, the
weighted average of such rates shall be used.)

          (l)     OPINION OF COUNSEL.  "Executive Counsel Opinion" means a
legal opinion of nationally recognized executive compensation counsel that
there is a reasonable basis to support a conclusion that the Gross-up Payment
determined by the Executive has been calculated in accord with this Paragraph
7 and applicable law.  "Company Counsel Opinion" means a legal opinion of
nationally recognized executive compensation counsel that (i) there is a
reasonable basis to support a conclusion that the Gross-up Payment set forth
in the Certificate of Stilwell's independent auditors has been calculated in
accord with this Paragraph 7 and applicable law, and (ii) there is no
reasonable basis for the calculation of the Gross-up Payment determined by the
Executive.

          (m)     AMOUNT INCREASED OR CONTESTED.  The Executive shall notify
Stilwell in writing of any claim by the IRS or other taxing authority that, if
successful, would require the payment by Stilwell of a Gross-up Payment.  Such
notice shall include the nature of such claim and the date on which such claim
is due to be paid.  The Executive shall give such notice as soon as
practicable, but no later than 10 business days, after the Executive first
obtains actual knowledge of such claim; provided, however, that any failure to
give or delay in giving such notice shall affect Stilwell's obligations under
this Paragraph 7 only if and to the extent that such failure results in actual
prejudice to Stilwell.  The Executive shall not pay such claim less than 30
days after the Executive gives such notice to Stilwell (or, if sooner, the
date on which payment of such claim is due).  If Stilwell notifies the
Executive in writing before the expiration of such period that it desires to
contest such claim, the Executive shall:

               (i)  give Stilwell any information that it reasonably requests
     relating to such claim;

               (ii)  take such action in connection with contesting such claim
     as Stilwell reasonably requests in writing from time to time, including,
     without limitation, accepting legal representation with respect to such
     claim by an attorney reasonably selected by Stilwell;

               (iii)  cooperate with Stilwell in good faith to contest such
     claim; and

               (iv)  permit Stilwell to participate in any proceedings
     relating to such claim; provided, however, that Stilwell shall bear and
     pay directly all costs and expenses (including additional interest and
     penalties) incurred in connection with such contest and shall indemnify
     and hold the Executive harmless, on an after-tax basis, for any Excise
     Tax or income tax, including related interest and penalties, imposed as a
     result of such representation and payment of costs and expenses.  Without
     limiting the foregoing, Stilwell shall control all proceedings in
     connection with such contest and, at its sole option, may pursue or
     forego any and all administrative appeals, proceedings, hearings and
     conferences with the taxing authority in respect of such claim and may,
     at its sole option, either direct the Executive to pay the tax claimed
     and sue for a refund or contest the claim in any permissible manner.  The
     Executive agrees to prosecute such contest to a determination before any
     administrative tribunal, in a court of initial jurisdiction and in one or
     more appellate courts, as Stilwell shall determine; provided, however,
     that if Stilwell directs the Executive to pay such claim and sue for a
     refund, Stilwell shall advance the amount of such payment to the
     Executive, on an interest-free basis and shall indemnify the Executive,
     on an after-tax basis, for any Excise Tax or income tax, including
     related interest or penalties, imposed with respect to such advance; and
     further provided that any extension of the statute of limitations
     relating to payment of taxes for the taxable year of the Executive with
     respect to which such contested amount is claimed to be due is limited
     solely to such contested amount.  The Stilwell's control of the contest
     shall be limited to issues with respect to which a Gross-up Payment would
     be payable.  The Executive shall be entitled to settle or contest, as the
     case may be, any other issue raised by the IRS or other taxing authority.

          (n)     REFUNDS.  If, after the receipt by the Executive of an
amount advanced by Stilwell pursuant to Paragraph 7(m), the Executive receives
any refund with respect to such claim, the Executive shall (subject to
Stilwell's complying with the requirements of Paragraph 7(m)) promptly pay
Stilwell the amount of such refund (together with any interest paid or
credited thereon after taxes applicable thereto).  If, after the receipt by
the Executive of an amount advanced by Stilwell pursuant to Paragraph 7(m), a
determination is made that the Executive shall not be entitled to a full
refund with respect to such claim and Stilwell does not notify the Executive
in writing of its intent to contest such determination before the expiration
of 30 days after such determination, then the applicable part of such advance
shall be forgiven and shall not be required to be repaid and the amount of
such advance shall offset, to the extent thereof, the amount of Gross-up
Payment required to be paid.  Any contest of a denial of refund shall be
controlled by Paragraph 7(m).

          (o)     EXPENSES.  If any dispute should arise under this Agreement
after the Control Change Date involving an effort by Executive to protect,
enforce or secure rights or benefits claimed by Executive hereunder, Stilwell
shall pay (promptly upon demand by Executive accompanied by reasonable
evidence of incurrence) all reasonable expenses (including attorneys' fees)
incurred by Executive in connection with such dispute, without regard to
whether Executive prevails in such dispute except that Executive shall repay
Stilwell any amounts so received if a court having jurisdiction shall make a
final, nonappealable determination that Executive acted frivolously or in bad
faith by such dispute.  To assure Executive that adequate funds will be made
available to discharge Stilwell's obligations set forth in the preceding
sentence, Stilwell has established a trust and upon the occurrence of a Change
in Control shall promptly deliver to the trustee of such trust to hold in
accordance with the terms and conditions thereof that sum which the Stilwell
Board shall have determined is reasonably sufficient for such purpose.

          (p)     PREVAILING PROVISIONS.  On and after the Control Change
Date, the provisions of this Paragraph 7 shall control and take precedence
over any other provisions of this Agreement which are in conflict with or
address the same or a similar subject matter as the provisions of this
Paragraph 7.

     8.     MITIGATION AND OTHER EMPLOYMENT.  After a termination of
Executive's employment pursuant to Paragraph 4(d)(i) or a Change in Control as
defined in Paragraph 7(d), Executive shall not be required to mitigate the
amount of any payment provided for in this Agreement by seeking other
employment or otherwise, and except as otherwise specifically provided in
Paragraph 4(d)(ii) with respect to health and life insurance and in Paragraph
7(e) with respect to health, prescription and dental benefits, no such other
employment, if obtained, or compensation or benefits payable in connection
therewith shall reduce any amounts or benefits to which Executive is entitled
hereunder.  Such amounts or benefits payable to Executive under this Agreement
shall not be treated as damages but as severance compensation to which
Executive is entitled because Executive's employment has been terminated.

     9.     NOTICE.  Notices and all other communications to either party
pursuant to this Agreement shall be in writing and shall be deemed to have
been given when personally delivered, delivered by facsimile or deposited in
the United States mail by certified or registered mail, postage prepaid,
addressed, in the case of Stilwell, to Stilwell at 114 West 11th Street,
Kansas City, Missouri 64105, Attention: Secretary, or, in the case of the
Executive, to him at EverGlades Farm, 12717 Mt. Olivet, Kansas City, MO 64166,
or to such other address as a party shall designate by notice to the other
party.

     10.     AMENDMENT.  No provision of this Agreement may be amended,
modified, waived or discharged unless such amendment, waiver, modification or
discharge is agreed to in a writing signed by Executive and the President of
Stilwell.  No waiver by any party hereto at any time of any breach by another
party hereto of, or compliance with, any condition or provision of this
Agreement to be performed by such other party shall be deemed a waiver of
similar or dissimilar provisions or conditions at the time or at any prior or
subsequent time.

     11.     SUCCESSORS IN INTEREST.  The rights and obligations of Stilwell
under this Agreement shall inure to the benefit of and be binding in each and
every respect upon the direct and indirect successors and assigns of Stilwell,
regardless of the manner in which such successors or assigns shall succeed to
the interest of Stilwell hereunder, and this Agreement shall not be terminated
by the voluntary or involuntary dissolution of Stilwell or by any merger or
consolidation or acquisition involving Stilwell or upon any transfer of all or
substantially all of Stilwell's assets, or terminated otherwise than in
accordance with its terms.  In the event of any such merger or consolidation
or transfer of assets, the provisions of this Agreement shall be binding upon
and shall inure to the benefit of the surviving corporation or the corporation
or other person to which such assets shall be transferred.  Neither this
Agreement nor any of the payments or benefits hereunder may be pledged,
assigned or transferred by Executive either in whole or in part in any manner,
without the prior written consent of Stilwell.

     12.     SEVERABILITY.  The invalidity or unenforceability of any
particular provision of this Agreement shall not affect the other provisions
hereof, and this Agreement shall be construed in all respects as if such
invalid or unenforceable provisions were omitted.

     13.     CONTROLLING LAW AND JURISDICTION.  The validity, interpretation
and performance of this Agreement shall be subject to and construed under the
laws of the State of Missouri, without regard to principles of conflicts of
law.

     14.     ENTIRE AGREEMENT.  This Agreement constitutes the entire
agreement between the parties with respect to the subject matter hereof and
terminates and supersedes all other prior agreements and understandings, both
written and oral, between the parties with respect to the terms of Executive's
employment or severance arrangements.

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

                                   STILWELL FINANCIAL, INC.

                                   By
                                    ----------------------------------

                                   Name:
                                   -----------------------------------
                                   Title:
                                   -----------------------------------

                                   EXECUTIVE

                                   ----------------------------------
                                   Landon Rowland

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