Document:

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                                                                    EXHIBIT 10.1

                              EMPLOYMENT AGREEMENT
                              --------------------

        This EMPLOYMENT AGREEMENT ("this Agreement") is made and effective this
1st day of June 2000, by and between DALEEN TECHNOLOGIES, INC., a Florida
corporation located at 1750 Clint Moore Road, Boca Raton, FL 33487 ("DTI" or
"Employer"), and Jeanne Prayther at 541 Slippery Rock Road, Westin, FL. 33327
("Employee").

                                   WITNESSETH:

        WHEREAS, DTI believes it is in DTI's best interest to employ Employee,
and Employee desires to be employed by DTI;

        WHEREAS, DTI and Employee desire to set forth the terms and conditions
on which Employee shall be employed by and provide his services to DTI.

        NOW, THEREFORE, in consideration of the premises, and for other good and
valuable consideration, the receipt and adequacy of which is hereby
acknowledged, the parties hereto, intending to be legally bound, do hereby agree
as follows:

         1. EMPLOYMENT. DTI hereby employs Employee in its business, and
Employee hereby accepts such employment, all upon the terms and conditions
hereinafter set forth.

         2. TERM. Unless sooner terminated pursuant to the provisions of this
Agreement, the term of employment under this Agreement shall be for as long as
Employee remains employed hereunder, with Employee acknowledging that he is an
at will employee. If an Employee decides to terminate this or her employment,
DTI recommends a minimum two (2) week notice. Whenever possible, Daleen will
reciprocate with two (2) weeks notice for termination, but reserves the right to
waive this notice period at its own discretion.

        3. CONFIDENTIALITY & NON-DISCLOSURE. Both during and after Employee's
employment they shall not disclose to anyone outside DTI any "Confidential &
Proprietary Information" and shall use such information only for DTI's business
purposes, and shall provide DTI with notice of any inadvertent disclosure of
such information. "Confidential & Proprietary Information" is defined as
information that has not been made publicly available by DTI or the third party
owner of such information. It includes Developments (defined in Section 5),
technical data, specifications, designs, concepts, discoveries, copyrights,
improvements, product plans, research and development, financial information,
customer lists, leads, and/or marketing programs.

            Employee shall not disclose to DTI, use DTI's business, or cause DTI
to use any information or material which is confidential to any third party
unless DTI has a written agreement with the third party allowing DTI to receive
and use the confidential information or materials. Employees will not
incorporate into Employee's work any material that is subject to the copyrights
of any third party unless DTI has the right to copy and incorporate such
copyrighted material.

        4. SURRENDER OF RECORDS. Upon the termination of the Employee's
employment, for any reason whatsoever, the Employee agrees to surrender to DTI,
in good condition, all records pertaining to DTI's business operations and
related to any work performed for DTI, and all DTI property, and any and all
third party property, including all Confidential & Proprietary Information,
drawings, computer programs or copies thereof, documentation, notebooks and
notes, reports and any other materials on electronic or printed media. Included
are any documents or media containing the names, addresses, and other
information with regard to customers or potential customers of the DTI.

         5. INVENTION ASSIGNMENT. Employee hereby grants, transfers and assigns
to DTI all of his or her rights, title and interest, if any, in any and all
Developments, including rights to translation and reproductions in all forms or
formats and the copyrights and patent rights thereto, if any, and he or she
agrees that DTI may copyright said materials in DTI's name and secure renewal,
reissues and extensions of such copyrights for such periods of time as the law
may permit. "Developments" is defined as any idea, invention, process, design,
concept, or useful article (whether the design is ornamental or otherwise),
computer program, documentation, literary work, audiovisual work and any other
work of authorship, hereafter expressed, made or conceived in the scope of
Employee's employment or engagement and solely or jointly during Employee's
employment whether or not subject to patent, copyright or other forms of
protection.

            Employee acknowledges that the copyrights in Development created by
Employee belong to DTI by operation of law, or may belong to a party engaged by
DTI by operation of law pursuant to a works for hire contract between DTI and
such contracted party. To the extent the copyrights in such works may not be
owned by DTI or such contracted party by operation of law, Employee hereby
assigns to DTI or such contracted party, as the case may be, all copyrights (if
any) Employee may have in Developments.

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            Items not assigned by this Section 5 are listed and described on the
attached "Schedule of Separate Works." Employee agrees not to include any party
of such items in the materials Employee prepares for DTI unless and until such
items are licensed or assigned to DTI under separate written agreement.

            At all times hereafter, Employee agrees promptly to disclose to DTI
all Developments, to execute separate written assignments to DTI at DTI's
request, and to assist DTI in obtaining patents or copyrights in the U.S. and in
other countries, on any Developments assigned to DTI that DTI, in its sole
discretion, seeks to patent or copyright. Employee also agrees to sign all
documents, and do all things necessary to obtain such patents or copyrights, to
further assign them to DTI, and to reasonably protect them and DTI against
infringement by other parties at DTI expense with DTI prior approval.

            Employee irrevocably appoints any DTI-selected designee to act, at
all time hereafter, as his or her agent and attorney-in-fact to perform all
reasonable acts to obtain patents and/or copyrights related to Developments as
defined and required by this Agreement if Employee (i) refuses to perform those
acts or (ii) is unavailable, within the meaning of the United States Patent and
Copyright laws. It is expressly intended by Employee that the foregoing power of
attorney be coupled with an interest.

            Employee shall keep complete, accurate, and authentic information
and records on all Developments in the manner and form reasonably requested by
DTI. Such information and records, and all copies thereof, shall be the property
of DTI as to any Developments assigned to DTI. Employee agrees to promptly
surrender such information and records at the request of DTI as to any
Developments.

        6. NON-SOLICITATION. Without limitation of any other Agreement between
Employee and DTI, Employee shall not employ or engage or attempt to employ or
engage the services of any employee of DTI, either directly or through the
agency of a third party during the term of, or within one (1) year after, the
termination of Employee's employment or engagement with DTI.

        7. NON-COMPETITION AGREEMENT. Employee shall not while employed by DTI,
and after the terminations of said employment for the time period described in
the paragraph below as the "Non-Compete Period," directly or indirectly, as
owner, officer, director, employee or agent conduct or be related to any
business in direct competition with any business of DTI now, or any business DTI
may enter into during the Employee's period of employment. An exception will be
made in the case of competitive businesses wherein Employee is not working
directly in a competitive capacity by virtue of their position or in a
competitive operating unit and said competitive products and services are less
than twenty-five (25%) of its total revenue.

            In addition to, and not in limitation of the other provisions hereof
or of any other Agreement between Employee and DTI, Employee shall not at any
time in any manor other than in the ordinary course of good faith competition
only as permitted herein interfere with, disturb, disrupt, decrease or otherwise
jeopardize the business of DTI or do or permit to be done anything which may
tend to take away or diminish the trade, business or good will of DTI or give to
any person the benefit or advantage of DTI's methods of operation, advertising,
publicity, training, business customers or accounts, or any other information
relating or useful to DTI's business.

            The Non-Compete Period shall be dependent on the duration of
Employee's employment with DTI as follows:

         1. If Employee has completed ninety (90) days or less of employment
            with DTI there will be no Non-Compete Period;

         2. If Employee has completed more than ninety (90) days of employment
            with DTI the Non-Compete Period will be six (6) months.

         3. DTI may waive the Non-Compete period or any portion of it, at its
            sole discretion.

            The existence of any claim or cause of action by Employee against
DTI predicated on this Agreement or otherwise, shall not constitute a defense to
the enforcement by DTI of these covenants.

            Employee acknowledges and confirms that the restrictions contained
herein are fair and reasonable and not the result of overreaching, duress, or
coercion of any kind.

         8. SEVERANCE. In further consideration of the entering into of this
Agreement by Employee, DTI agrees to entitle Employee to a severance pay benefit
based upon base salary dependent upon the duration of Employee's employment with
DTI, determined as follows:

            (1) If Employee has completed ninety (90) days or less of employment
with DTI there will be no severance benefit;

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            (2) If Employee has completed more than ninety (90) days of
employment with DTI the Employee shall be entitled to three (3) month's
severance base pay.

            (3) If DTI waives the Non-Compete Period in its entirety or any
portion of it, there shall be no severance benefit paid for the period that is
waived.

            The foregoing severance benefit shall be paid by Daleen in
accordance with DTI's current payroll policies. Employee shall not be entitled
to any severance benefit if terminated by Daleen for cause or if Employee
voluntarily resigns from his or her employment with Daleen subject to the
provisions of the Non-Compete period in Section 7.

         9. CONFLICT OF INTEREST. Employee agrees to devote their primary
efforts to the service of DTI and the promotion of DTI's interests. Employee
further agrees never to enter into any relationship, and to immediately sever
any existing relationship, whether such relationship is one for monetary gain,
or not, that compromises Employee's ability to act in the best interests of DTI,
or detracts from Employee's ability to perform Employee's responsibilities and
obligations. In the event that the Employee obtains secondary employment,
Employee agrees to notify the Human Resources Department of DTI prior to
commencing said employment.

         10. ENTIRE AGREEMENT & TERMINATION. This Agreement represents the
entire understanding and agreement between the parties with respect to the
subject matter hereof, and supersedes all other negotiations, understandings and
representations (if any) made by and between such parties. The Employer may, in
its sole discretion, terminate this Agreement for any reason, subject to any
applicable severance obligation as set forth herein.

         11. AMENDMENTS. The provisions of this Agreement may not be amended,
supplemented, waived or changed orally, but only by a writing signed by the
party as to whom enforcement of any such amendment, supplement, waiver or
modification is sought and making specific reference to this Agreement.

         12. JURISDICTION AND VENUE. The parties acknowledge that a substantial
portion of negotiations, anticipated performance and execution of this Agreement
occurred or shall occur in Palm Beach County, Florida, and that, therefore,
without limiting the jurisdiction or venue of any other federal or state courts,
each of the parties irrevocably and unconditionally (a) agree that any suit,
action or legal proceeding arising out of or relating to this Agreement may be
brought in the courts of record of the State of Florida in Palm Beach County or
the court of the United States, Southern District of Florida; (b) consents to
the jurisdiction of each such court in any such suit, action or proceeding; (c)
waives any objection which it may have to the laying of venue of any such suit,
action or proceeding in any of such courts; and (d) agrees that service of any
court paper may be effected on such party by mail, as provided in this
Agreement, or in such other manner as may be provided under applicable laws or
court rules in said state.

         13. EMPLOYEE REPRESENTATIONS, WARRANTIES AND ACKNOWLEDGMENTS. Employee
represents and warrants to DTI that he is fully empowered to enter and perform
his obligations under this Agreement and, without limitation, that he is under
No restrictive covenants to any person or entity that will be violated by his
entering into and performing this Agreement, and that this Agreement constitutes
the valid and legally binding obligation of Employee enforceable in accordance
with its terms. The execution and delivery of this Agreement by Employee has
been duly authorized by all necessary action. Employee shall indemnify DTI upon
demand for and against any and all judgments, leases, claims, damages, costs
(including without limitation all legal fees and costs, even if incident to
appeals) incurred or suffered by any of them as a result of the breach of the
representations and warranties made in this section, or as a result of the
failure of the acknowledgment made in this section to be true and correct at all
times.

         14. BINDING EFFECT. All of the terms and provisions of this Agreement,
whether so expressed or not, shall be binding upon, inure to the benefit of, and
be enforceable by the parties and their respective administrators, executors,
legal representatives, heirs, successors and permitted assigns.

         15. SEVERABILITY. If any part of this Agreement or any other Agreement
entered into pursuant hereto is contrary to, prohibited by or deemed invalid
under applicable law or regulation, such provision shall be inapplicable and
deemed omitted to the extent so contrary, prohibited or invalid, but the
remainder hereof shall not be invalidated thereby and shall be given full force
and effect so far as possible.

         16. SURVIVAL. Notwithstanding anything to the contrary herein, the
provisions of this Agreement shall survive and remain in effect in accordance
with their respective terms in the event the employment is terminated.

         17. WAIVERS. The failure or delay of DTI at any time to require
performance by Employee of any provision of this Agreement, even if known, shall
not affect the right of DTI to require performance of that provision or to
exercise any right, power or remedy hereunder, and any waiver by DTI of any

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breach of any provision of this Agreement should not be construed as a waiver of
any continuing or succeeding breach of such provision, a waiver of the provision
itself, or a waiver of any right, power or remedy under this Agreement. No
notice to or demand on Employee in any case shall, of itself, entitle such party
to any other or further notice or demand in similar or other circumstances.

         18. SPECIFIC PERFORMANCE. Employee acknowledges that the services to be
rendered by Employee hereunder are extraordinary and unique and are vital to the
success of DTI, and that damages at law would be an inadequate remedy for any
breach or threatened breach of this Agreement by Employee. Therefore, in the
event of a breach or threatened breach by Employee of any provision of this
Agreement, then DTI shall be entitled, in addition to all other rights or
remedies, to injunctions restraining such breach.

         19. REMEDIES CUMULATIVE. No remedy herein conferred upon any party is
intended to be exclusive of any other remedy, and each and every such remedy
shall be cumulative and shall be in addition to every other remedy given
hereunder or now or hereafter existing at law or in equity or by statute or
otherwise. No single or partial exercise by any party of any right, power or
remedy hereunder shall preclude any other or further exercise thereof.

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

         DALEEN TECHNOLOGIES, INC.

By:               /s/ Phillip Davis                Date:     6/9/00
                  -----------------------                    ------------------

Printed Name:     Phillip Davis
                  -----------------------

By:               /s/ Jeanne Prayther              Date:     6/9/00
                  -----------------------                    ------------------

Printed Name:     Jeanne Prayther
                  -----------------------

FORM003                                                                  1/1/98

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                           SCHEDULE OF SEPARATE WORKS
                           --------------------------

         The following are works that are not assigned by Section 5 of the
Employment Agreement, in which Employee has any right, title or interest, and
which were conceived or written either wholly or in part by Employee, prior to
or outside the scope of Employee's employment by DTI.

DESCRIPTION:  (If none, enter the word "None")

None

Indicate any item listed above that has been published, registered as a
copyright, or is or has been the subject of a patent application:

Indicate the name of such organization or third party that also has rights in
any of the listed items (such as former employers, partners, etc.):

The foregoing is complete and accurate to the best of Employee's knowledge.

Employee's Signature:      /s/ JEANNE PRAYTHER            Date:    6/9/00
                      ----------------------------              ----------

Employee's Printed Name:   JEANNE PRAYTHER
                         -------------------------

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                                  EXHIBIT LIST
                                  ------------

Exhibit A -Invention Assignment and Confidentiality Agreement

Exhibit B -Non-Solicitation and Non-Compete Agreement

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                        Exhibit A To Employment Agreement
               Invention Assignment and Confidentiality Agreement
               --------------------------------------------------

THIS AGREEMENT is entered into this 1 st day of June, 2000, by and between
Daleen Technologies, Inc. (DTI), and (hereinafter referred to as "Employee") for
and in consideration of Employee's continued employment or engagement by DTI and
the compensation that Employee shall receive during Employee's employment or
engagement, the parties agree as follows:

1.       Both during and after Employee's employment or engagement:

         a.       Employee shall not disclose to anyone outside DTI any
                  Confidential Information. "Confidential Information" is
                  defined as information which has not been made publicly
                  available by DTI or the third party owner of such information,
                  and

                  1.   Which was developed by DTI, and relates to DTI's
                       past, present, and future business, including but not
                       limited to developments (defined below, technical
                       data, specifications, designs, concepts, discoveries,
                       copyrights, improvements, product plans, research and
                       development, personal information, personnel
                       information, financial information, customer lists,
                       leads, and/or marketing programs;

                  2.   All documents marked as confidential and/or
                       continuing such information; and/or

                  3.   All information DTI has acquired or received from a
                       third party in confidence.

         b.       Employee shall use Confidential Information only for DTI's
                  business purposes; and

         c.       Employee shall use any information received in confidence by
                  DTI from any third party only as permitted by written
                  agreement between DTI and the third party; and

         d.       Employee shall not be permitted to justify any disregard of
                  the obligations of Employee hereunder by using any of the
                  Confidential Information to guide a search by it of
                  publications and other publicly available information,
                  selecting a series of items of knowledge from unconnected
                  sources and fitting them together by use of the integrated
                  disclosure of the information thereby to justify its disregard
                  of the obligations of confidence.

2.       Employee shall not disclose to DTI, use in DTI's business, or cause DTI
         to use any information or material which is confidential to any third
         party unless DTI has a written agreement with the third party allowing
         DTI to receive and use the confidential information or materials.
         Employee will not incorporate into Employee's work any material which
         is subject to the copyrights of any third party unless DTI has the
         right to copy and incorporate such copyrighted material.

3.       When Employee is no longer employed or engaged by DTI, Employee shall
         return to DTI all DTI property, and any and all third party property,
         including all Confidential Information, drawings, computer programs or
         copies thereof, documentation, notebooks and notes, reports and any
         other materials on electronic or printed media.

4.       Employee hereby grants, transfers and assigns to DTI all of his or her
         rights, title and interest, if any, in any and all Developments,
         including rights to translation and reproductions in all forms or
         formats and the copyrights and patent rights thereto, if any, and he or
         she agrees that DTI may copyright said materials in DTI's name and
         secure renewal, reissues and extensions of such copyrights for such
         periods of time as the law may permit. "Developments" is defined as any
         idea, invention, process, design, concept, or useful article (whether
         the design is ornamental or otherwise), computer program,
         documentation, literary work, audiovisual work and any other work of
         authorship, hereafter expressed, made or conceived solely or jointly by
         employee during Employee's employment or engagement, whether or not
         subject to patent, copyright or other forms of protection that:

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                  a.  Are related to the actual or anticipated business,
                      research or Development of DTI; and/or

                  b.  Are suggested by or result from any task assigned to
                      Employee or work performed by Employee for or on
                      behalf of DTI.

         Employee acknowledges that the copyrights in Developments created by
         Employee in the scope of Employee's employment or engagement, belong to
         DTI by operation of law, or may belong to a party engaged by DTI by
         operation of law pursuant to a works for hire contract between DTI and
         such contracted part. To the extent the copyrights in such works may
         not be owned by DTI or such contracted party by operation of law,
         Employee hereby assigns to DTI or such contracted party, as the case
         may be, all copyrights (if any) Employee may have in Developments.

         Items not assigned by this Section 4 are listed and described on the
         attached "Schedule of Separate Works". Employee agrees not to include
         any part of such items in the materials Employee prepares for DTI
         unless and until such items are licensed or assigned to DTI under
         separate written agreement.

         At all times hereafter, Employee agrees to assist DTI in obtaining
         patents or copyrights on any Developments assigned to DTI that DTI, in
         its sole discretion, seeks to patent or copyright. Employee also agrees
         to sign all documents, and do all things necessary to obtain such
         patents or copyrights, to further assign them to DTI, and to reasonably
         protect them and DTI against infringement by other parties at DTI
         expense with DTI prior approval.

         Employee irrevocably appoints any DTI-selected designee to act, at all
         time hereafter, as his or her agent and attorney-in-fact to perform all
         acts necessary to obtain patents and/or copyrights as required by this
         Agreement if Employee (i) refuses to perform those acts or (ii) is
         unavailable, within the meaning of the United States Patent and
         Copyright laws. It is expressly intended by Employee that the foregoing
         power of attorney is coupled with an interest.

         Employee shall keep complete, accurate, and authentic information and
         records on all Developments in the manner and form reasonably requested
         by DTI. Such information and records, and all copies thereof, shall be
         the property of DTI as to any Developments assigned DTI. Employee
         agrees to promptly surrender such information and records at the
         request of DTI as to any Developments.

5.       In connection with any of the Developments assigned by Section 4,
         Employee agrees:

         a.       To disclose them promptly to DTI, and

         b.       At DTI's request, to execute separate written assignments to
                  DTI and do all things reasonable necessary to enable DTI to
                  secure patents, register copyrights or obtain any other form
                  of protection for Developments in the United States and in
                  other countries. If Employee fails or is unable to do so,
                  Employee hereby authorizes DTI to act under power of attorney
                  for Employee to do all things to secure such rights.

         c.       To provide DTI with notice of any inadvertent disclosure of
                  Confidential Information related to any Development.

6.       Without limitation of any other Agreement between Employee and DTI,
         Employee shall not employ or engage or attempt to employ or engage the
         services of any employee of DTI, either directly or through the agency
         of a third party during the term of, or within six (6) months after,
         the termination of Employee's employment or engagement with DTI.

7.       DTI, its subsidiaries, licensees, successors or assigns, (direct or
         indirect) are not required to designate Employee as author of any
         Development when such Development is distributed publicly or otherwise.
         Employee waives and releases, to the extent permitted by law, all
         Employee's rights to such designation and any rights concerning future
         modifications of such Developments.

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8.       Rights, assignments, and representations made or granted by Employee in
         this Agreement, are assignable by DTI and are for the benefit of DTI's
         successors, assigns, and parties contracted with DTI.

9.       Miscellaneous Provisions.

         a)       Amendments. The provisions of this Agreement may not be
                  amended, supplemented, waived or changed orally, but only by a
                  writing signed by the party as to whom enforcement of any such
                  amendment, supplement, waiver or modification is sought and
                  making specific reference to this Agreement.

         b)       Further Assurances. The parties hereby agree from time to time
                  to execute and deliver such further and other transfers,
                  assignments and documents and do all matters and things which
                  may be convenient or necessary to more effectively and
                  completely carry out the intentions of this Agreement.

         c)       Brokers. Each of the parties represents and warrants that such
                  party has dealt with no broker or finder in connection with
                  any of the transactions contemplated by this Agreement, and,
                  insofar as such party knows, no broker or other person is
                  entitled to any commission or finder's fee in connection with
                  any of these transactions. The parties each agree to indemnify
                  and hold harmless one another against any loss, liability,
                  damage, cost, claim or expense incurred by reason of any
                  brokerage commission or finder's fee alleged to be payable
                  because of any act, omission or statement of the indemnifying
                  party.

         d)       Binding Effect. All of the terms and provisions of this
                  Agreement, whether so expressed or not, shall be binding upon,
                  inure to the benefit of, and be enforceable by the parties and
                  their respective administrators, executors, legal
                  representatives, heirs, successors and permitted assigns.

         e)       Headings. The headings contained in this Agreement are for
                  convenience of reference only, are not to be considered a part
                  hereof and shall not limit or otherwise affect in any way the
                  meaning or interpretation of this Agreement.

         f)       Severability. If any provision of this Agreement or any other
                  Agreement entered into pursuant hereto is contrary to,
                  prohibited by or deemed invalid under applicable law or
                  regulation, such provision shall be inapplicable and deemed
                  omitted to the extent so contrary, prohibited or invalid, but
                  the remainder hereof shall not be invalidated thereby and
                  shall be given full force and effect so far as possible. If
                  any provision of this Agreement may be construed in two or
                  more ways, one of which would render the provision invalid or
                  otherwise voidable or unenforceable and another of which would
                  render the provision valid and enforceable, such provision
                  shall have the meaning which renders it valid and enforceable.

         g)       Survival. All covenants, agreements, representations and
                  warranties made herein or otherwise made in writing by any
                  party pursuant hereto shall survive the execution and delivery
                  of this Agreement and the termination of employment or
                  engagement of Employee.

         h)       Waivers. The failure or delay of any party at any time to
                  require performance by another party of any provision of this
                  Agreement, even if known, shall not affect the right of such
                  party to require performance of that provision or to exercise
                  any right, power or remedy hereunder. Any waiver by any party
                  of any breach of any provision of this Agreement should not be
                  construed as a waiver of any continuing or succeeding breach
                  of such provision, a waiver of the provision itself, or a
                  waiver of any right, power or remedy under this Agreement. No
                  notice to or demand on any party in any case shall, of itself,
                  entitle such party to any other or further notice or demand in
                  similar or other circumstances.

         i)       Specific Performance. Each of the parties acknowledges that
                  the parties will be irreparably damage (and damages at law
                  would be an inadequate remedy) if this Agreement is not

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                  specifically enforced. Therefore, in the event of a breach or
                  threatened breach by any party of any provision of this
                  Agreement, then the other parties shall be entitled, in
                  addition to all other rights or remedies, to injunctions
                  restraining such breach, without being required to show any
                  actual damage or to post any bond or other security, and/or to
                  a decree for specific performance of the provisions of this
                  Agreement.

         j)       Jurisdiction and Venue. The parties acknowledge that a
                  substantial portion of negotiations and anticipated
                  performance and execution of this Agreement occurred or shall
                  occur in Palm Beach County, Florida, and that, therefore,
                  without limiting the jurisdiction or venue of any other
                  federal or state courts, each of the parties irrevocably and
                  unconditionally (a) agrees that any suit, action or legal
                  proceeding arising out of or relating to this Agreement may be
                  brought in the courts of record of the State of Florida in
                  Palm Beach County or the court of the United States, Southern
                  District of Florida; (b) consents to the jurisdiction of each
                  such court in any suit, action or proceeding; (c) waives any
                  objection which it may have to the laying of venue of any such
                  suit, action or proceeding in any of such courts; and (d)
                  agrees that service of any court paper may be effected on such
                  party by mail, as provided in this Agreement, or in such other
                  manner as may be provided under applicable laws or court rules
                  in said state.

         k)       Remedies Cumulative. Except as otherwise expressly provided
                  herein, no remedy herein conferred upon any party is intended
                  to be exclusive of any other remedy, and each and every such
                  remedy shall be cumulative and shall be in addition to every
                  other remedy given hereunder or now or hereafter existing at
                  law or in equity or by statute or otherwise. No single or
                  partial exercise by any party of any right, power or remedy
                  hereunder shall preclude any other or further exercise
                  thereof.

         l)       Governing Law. This Agreement and all transactions
                  contemplated by this Agreement shall be governed by, and
                  construed and enforced in accordance with, the internal laws
                  of the State of Florida without regard to principles of
                  conflicts of laws.

         m)       Confidentiality Under legal Requirement Protection. In the
                  event that Employee is requested or required (by oral
                  questions, interrogatories, requests for information or
                  documents in legal proceedings, subpoena, civil investigative
                  demand or other similar process) to disclose any of the
                  Confidential Information, Employee shall provide the Company
                  with prompt written notice of such request or requirement so
                  that the Company may seek a protective order or other remedy
                  and/or waive the compliance with the provisions of this
                  agreement. If, in the absence of a protective order or other
                  remedy or the receipt of a waiver by the Company, Employee is
                  nonetheless, in the written opinion of counsel, legally
                  compelled to disclose Confidential Information to any tribunal
                  or else stand liable for contempt or suffer other censure or
                  penalty, Employee may, without liability hereunder, disclose
                  to such tribunal only that portion of the Confidential
                  Information which such counsel advises Employee is legally
                  required to be disclosed, provided the Employee exercises
                  his/her best efforts to preserve the confidentiality of the
                  Confidential Information, including, without limitation,
                  reliable assurance that the confidential treatment will be
                  accorded the Confidential Information by such tribunal.

         n)       Entire Agreement. This Agreement represents the entire
                  understanding and agreement among the parties with respect to
                  the subject matter hereof, and supersedes all other
                  negotiations, understandings and representations (if any) made
                  by and among such parties.

                                       10
<PAGE>

IN WITNESS WHEREOF, the parties have duly set their hands to this Agreement,
effective as of the date stated above.

DALEEN TECHNOLOGIES, INC.                        EMPLOYEE

 /s/ Phillip Davis                                /s/ Jeanne Prayther
--------------------------                       -------------------------------
DTI Authorized Signature                         Employee's Signature

6/9/00                                           Jeanne Prayther
--------------------------                       -------------------------------
Date                                             Employee's Printed Name

                                                 6/9/00
                                                 -------------------------------
                                                 Date

                                       11
<PAGE>

                           SCHEDULE OF SEPARATE WORKS

The following are works that are not assigned by Section 4 of the Invention
Assignment and Confidentiality Agreement, in which Employee has any right, title
or interest, and which were conceived or written either wholly or in part by
Employee, prior to or outside the scope of Employee's employment by DTI.

DESCRIPTION:  (If none, enter the word "None")

                         None
--------------------------------------------------------------------------------

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

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

Indicate any item listed above that has been published, registered as a
copyright, or is or has been the subject of a patent application:

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

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

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

Indicate the name of such organization or third party who also has rights in any
of the listed items (such as former employers, partners, etc.):

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

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

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

The foregoing is complete and accurate to the best of Employee's knowledge.

 /s/ Jeanne Prayther                                       6/9/00
------------------------------------------       ------------------------------
Employee's Signature                                        Date

Jeanne Prayther
-----------------------------------------
Employee's Printed Name

                                       12
<PAGE>

                        Exhibit B to Employment Agreement
                   Non-Solicitation and Non-Compete Agreement
                   ------------------------------------------

THIS NON-SOLICITATION AND NON-COMPETE AGREEMENT ("Agreement") made as of this
__day of_____, 2000 by and between Daleen Technologies, Inc., a Delaware
corporation with its principal office at 1750 Clint Moore Road, Boca Raton,
Florida 33487 (hereinafter called "Daleen") and (hereinafter "Employee").

         WHEREAS, Employee is accepting employment with Daleen; and

         WHEREAS, the parties wish to reflect their agreement as to Employee's
promises regarding Employee's solicitation and competition which have induced
Daleen to employ Employee at Employee's status with Daleen, as well as Daleen's
extension of certain severance benefits to Employee.

         NOW, THEREFORE, Employee and Daleen (hereinafter sometimes referred to
collectively as the "parties" and separately as a "party") in consideration of
Employee's employment with Daleen and the covenants hereinafter set forth and
other good and valuable consideration and intending to be legally bound hereby,
agree as follows:

         1. NON-SOLICITATION. Employee will not, at any time while employed by
Daleen and for one (1) year after the termination of Employee's employment with
Daleen for any reason whatsoever, directly or indirectly (by assisting or
suggesting to another, or otherwise) solicit otherwise attempt to induce or
accept the initiative of another in such regard, alone or by combining or
conspiring with anyone, any employees, officers, directors, agents, consultants,
representatives, contractors, suppliers, distributors, customers or other
business contacts (collectively, "Business Affiliates") of Daleen to terminate
or modify its position as an employee, officer, director, agent, consultant,
representative, contractor, supplier, distributor, customer or business contact
with Daleen or to compete against Daleen.

         2. NON-COMPETITION. (a) Employee shall not while employed by Daleen,
and after the termination of said employment for any reason whatsoever for the
time period after such termination described in paragraph (c) below (the
"No-Compete Period"), directly or indirectly, as owner, officer, director,
employee, agent, lender, broker, investor, consultant or representative of any
corporation or as owner of any interest in, or as an employee, agent,
consultant, partner, affiliate or in any other capacity whatsoever or
representative of any other form of business association, sole proprietorship or
partnership, conduct or be related to any business in competition with any
business of Daleen now or in the future, including without limitation, in the
Billing and Customer Care industry (herein referred to as the "Competitive
Business") anywhere within the territories, nor as to certain customers anywhere
in the United States, both listed on the "Territories and Customers" Exhibit to
the Agreement, made a part hereof, including without limitation, the
solicitation of any customers, who were at any time customers of Daleen and in
connection with a business which is competitive with the Competitive Business
except that such competitive activity will be permitted as to business
solicitation of and competition with Daleen as to any entity listed on an
Exhibit to this Agreement made a part hereof identified as a "No-Compete
Exception", if any, subject to paragraph (c) below.

         (b) In addition to, and not in limitation of the other provisions
hereof or of any other Agreement between Employee and Daleen, Employee shall not
at any time in any manner other than in the ordinary course of good faith
competition only as permitted herein interfere with, disturb, disrupt, decrease
or otherwise jeopardize the business of Daleen or do or permit to be done
anything which may tend to take away or diminish the trade, business or good
will of Daleen or give to any person the benefit or advantage of Company's or
Seller's methods of operation, advertising, publicity, training, business
customers or accounts, or any other information relating or useful to Daleen's
business.

         (c) The No-Compete Period shall increase depending upon the duration of
Employee's employment with Daleen as follows:

         i)       If Employee has completed one hundred eighty (180) days or
                  less of employment there will be a six (6) month No-Compete
                  Period;

         ii)      If Employee has completed more than one hundred eighty (180)
                  days of employment the No-Compete Period will be one (1) year;

                                       13
<PAGE>

         DTI reserves the right to waive the Non-Compete Period, or any portion
on it, at its option.

         3. LEGAL EFFECT. The foregoing covenants of Employee shall be deemed
severable, and the invalidity of any covenant shall not affect the validity or
enforceability of any other covenant. The existence of any claim or cause of
action by Employee against Daleen predicated on this Agreement or otherwise,
shall not constitute a defense to the enforcement by Daleen of these covenants.
Daleen's failure to object to any conduct in violation of this Agreement shall
not be deemed a waiver by Daleen, but Daleen may, if it wishes, specifically
waive any part or all of those covenants to the extent that such waiver is set
forth in writing duly authorized by Daleen's Board of Directors.

         Employee acknowledges and confirms that the length of the term and
geographical restrictions contained herein are fair and reasonable and not the
result of overreaching, duress or coercion of any kind. Employee further
acknowledges and confirms that his or her full, uninhibited and faithful
observance of each of the covenants contained in this Agreement will not cause
him or her any undue hardship, financial or otherwise, and that enforcement of
each of the covenants contained in this Agreement will not impair his or her
ability to obtain employment commensurate with his or her abilities and on terms
fully acceptable to him or her or otherwise to obtain income required for the
comfortable support of him or her and his or her family and the satisfaction of
the needs of his or her creditors. Employee acknowledges and confirms that his
or her special knowledge of the business of Daleen is such as would cause Daleen
serious injury and loss if he or she were to use such ability and knowledge to
the benefit of a competitor or were to compete with Daleen.

         In the event that any court shall finally hold that the time or
territory or any other provision stated in this Agreement constitutes an
unreasonable restriction upon Employee, Employee hereby expressly agrees that
the provisions of this Agreement shall not be rendered void, but shall apply as
to time and territory or to such other extent as such court may judicially
determine or indicate constitutes a reasonable restriction under the
circumstances involved. Employee hereby agrees that in the event of the
violation by him or her of any of the provisions of this Agreement, Daleen will
be entitled if it so elects, to institute and prosecute proceedings at law or in
equity to obtain damages with respect to such violation or to enforce the
specific performance of this Agreement by Employee or to enjoin Employee from
engaging in any activity in violation hereof without any requirement on the part
of Daleen to post any bond.

         In the event Daleen should bring any legal action or other proceeding
for the enforcement of this Agreement, the time for calculating the No-Compete
Period or terms of any other restriction herein shall not include the period of
time commencing with the filing of legal action or other proceeding to enforce
the terms of this Agreement through the date of final judgment or final
resolution, including all appeals, if any, of such legal action or other
proceeding.

         4. SEVERANCE. In further consideration of the entering into of this
Agreement by Employee, Daleen agrees to entitle Employee to a severance pay
benefit based upon base salary dependent upon the duration of Employee's
employment with Daleen, determined as follows:

         a)       One hundred and eighty days (180) or less of employment will
                  result in a severance benefit equal to six (6) months salary
                  subject to a six (6) month Non-Compete period;

         b)       Employment beyond one hundred and eighty days (180) or less of
                  employment will result in a severance benefit equal to twelve
                  (12) months salary subject to a twelve (12) month Non-Compete
                  period;

         c)       The Company reserves the right to waive the Non-Compete
                  period. If DTI waives the Non-Compete Period in it's entirety
                  or any portion of it, there shall be no severance benefit paid
                  for the period that has been waived.

         Daleen shall pay the foregoing severance benefit in accordance with
payroll policies in effect at the time of separation. Employee shall not be
entitled to any severance benefit if terminated by Daleen "for cause" or if
Employee voluntarily resigns from his or her employment with Daleen subject to
the provisions of the Non-Compete period in Section 2(c). As used in this
Agreement determination "for cause" shall be defined as termination of Employee
by Daleen in the event Employee has been convicted of any felony or, in the case
of other crimes, involving moral turpitude or dishonesty, or for any breach by
Employee of any agreement with Daleen or of its employment or business policies

                                       14
<PAGE>

(including without limitation theft or misuse of company property), or for any
other act or omission by Employee which does not fit into the previous
categories but which Daleen in good faith believes has occurred to its detriment
and about which Employee has received at least one (1) written warning by Daleen
and despite such prior written warning, Employee has a second occasion committed
such act or omission.

5.       MISCELLANEOUS PROVISIONS.
         ------------------------

         The provisions of this Agreement may not be amended, supplemented,
waived or changed orally, but only by a writing signed by the party as to whom
enforcement of any such amendment, supplement, waiver or modification is sought
and making specific reference to this Agreement. All of the terms and provisions
of this Agreement, whether so expressed or not, shall be binding upon, inure to
the benefit of, and be enforceable by the parties and their respective
administrators, executors, legal representatives, heirs, successors and
permitted assigns. The headings contained in this Agreement are for convenience
of reference only, are not to be considered a part hereof and shall not limit or
otherwise affect in any way the meaning or interpretation of this Agreement. The
failure or delay of any party at any time to require performance by another
party of any provision of this Agreement, even if known, shall not affect the
right of such party to require performance of that provision or to exercise any
right, power or remedy hereunder. Any waiver by any party of any breach of any
provision of this Agreement should not be construed as a waiver of any
continuing or succeeding breach of such provision, a waiver of the provision
itself, or a waiver of any right, power or remedy under this Agreement, No
notice to or demand on any party in any case shall, of itself, entitle such
party to any other or further notice or demand in similar or other
circumstances.

         The parties acknowledge that a substantial portion of negotiations,
anticipated performance and execution of this Agreement occurred or shall occur
in Palm Beach County, Florida, and that, therefore, without limiting the
jurisdiction or venue of any other federal or state courts, each of the parties
irrevocably and unconditionally (a) agrees that any suit, action or legal
proceeding arising out of or relating to this Agreement may be brought in the
courts of record of the State of Florida in Palm Beach County or the District
Court of the United States, Southern District of Florida; (b) consents to the
jurisdiction of each such court in any suit, action or proceeding; (c) waives
any objection which it may have to the laying of venue of any such suit, action
or proceeding in any of such courts; and (d) agrees that service of any court
paper may be effected on such party by mail, as provided in this Agreement, or
in such other manner as may be provided under applicable laws or court rules in
said state. Except as otherwise expressly provided herein, no remedy herein
conferred upon any party is intended to be exclusive of any other remedy, and
each and every such remedy shall be cumulative and shall be in addition to every
other remedy given hereunder or now or hereafter existing at law or in equity or
by statute or otherwise. No single or partial exercise by any party of any
right, power or remedy hereunder shall preclude any other or further exercise
thereof. This Agreement and all transactions contemplated by this Agreement
shall be governed by, and construed and enforced in accordance with, the
internal laws of the State of Florida without regard to principles of conflicts
of laws. Any time period provided for herein which shall end on a Saturday,
Sunday or legal holiday shall extend to 5:00 p.m. of the next full business day.
This Agreement represents the entire understanding and agreement amount the
parties with respect to the subject matter hereof, and supersedes all other
negotiations, understandings and representations (if any) made by and among such
parties.

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date written above.

                                                Daleen Technologies, Inc.

/s/ Jeanne Prayther                            /s/ Phillip Davis   6/9/00
---------------------------------              --------------------------------
Employee's Signature                           Vice President of Human Resources

  Jeanne Prayther                              Phillip Davis
---------------------------------              --------------------------------
Printed Name                                   Printed Name

                                       15
<PAGE>

                             NO-COMPETE EXCEPTIONS
                             ---------------------

Exhibit to Non-Solicitation and Non-Compete Agreement of Jeanne Prayther.

NONE.
-----

                                       16
<PAGE>

                           TERRITORIES AND CUSTOMERS
                           -------------------------

Exhibit to Non-Solicitation and Non-Compete Agreement of Jeanne Prayther.
The United States.

                                       17<PAGE>
                                                                    EXHIBIT 10.0

                        EXECUTIVE EMPLOYMENT AGREEMENT OF
                                   PETE SCULLY

        This Executive Employment Agreement ("AGREEMENT") is entered into
between PRIVATE BUSINESS, INC., a Tennessee corporation ("COMPANY"), and PETER
S. SCULLY, a resident of Brentwood, Tennessee ("EXECUTIVE"). The Company and
Executive are sometimes referred to herein as the "PARTIES."

1.      Introduction. The Company has employed Executive as President of its
division, RMSA ("RMSA"), since January 1, 2002. Prior to that date, Executive
was employed in various executive positions in the Company since June 2000.
Accordingly, the Company and Executive intend by this Agreement to specify the
terms and conditions of Executive's current employment relationship with the
Company.

2.      Employment. The Company confirms the employment of Executive and
Executive hereby confirms its acceptance of employment with the Company upon
terms and conditions set forth herein, in each instance effective January 1,
2003.

3.      Duties and Responsibilities.

        3.1 Extent of Service. Executive shall, during the term of this
Agreement, devote such of his entire time, attention, energies and business
efforts to his duties as an executive of the Company as are reasonably necessary
to carry out his duties specified in Paragraph 3.2 below. Executive shall not,
during the term of this Agreement, engage in any other business activity
(whether or not such business activity is pursued for gain, profit or other
pecuniary advantage) if such business activity would impair Executive's ability
to carry out his duties hereunder.

        3.2 Position and Duties. Executive shall report directly to the
Company's Chief Executive Officer. Subject to the power of the Company's Chief
Executive Officer to appoint and remove officers, Executive shall serve the
Company as President and CEO of RMSA; and shall perform, faithfully and
diligently, the services and functions relating to such office (or otherwise
reasonably incident to such office) as may be designated from time to time by
the Board of Directors or Chief Executive Officer of the Company; provided that
all such services and functions shall be reasonable and within Executive's area
of expertise, and provided further that Executive shall be physically capable of
performing the same.

        3.3 Place of Employment. During the term of this Agreement, the Company
shall maintain its principal executive offices in the Nashville, Tennessee area,
and Executive's primary place of employment shall be at such principal executive
offices. During the term of this Agreement, the Company will provide Executive
with a private office and other necessary services commensurate with the
services and functions to be performed by him hereunder.

<PAGE>

4.      Salary and Other Benefits. Subject to the terms and conditions of this
Agreement:

        4.1 Salary. From the effective date, as compensation for his services
during the term of his employment under this Agreement, Executive shall be paid
at an annual rate of not less than One-Hundred-Ninety-Eight Thousand Dollars
($198,000), payable in accordance with the then current payroll policies of the
Company. Effective April 1, 2003, as compensation for his services during the
term of his employment under this Agreement, Executive shall be paid at an
annual rate of not less than two-hundred-twenty-five-thousand dollars
($225,000), payable in accordance with the then current payroll policies of the
Company. Such salary shall be subject to increase by the Chief Executive Officer
of the Company (or the appropriate committee of the Board of Directors) on not
less than an annual basis. The annual salary payable by the Company to Executive
pursuant to this Paragraph 4.1 is herein sometimes referred to as his "BASE
SALARY."

        4.2 Incentive Bonus Eligibility. Beginning with calendar year 2003,
Executive shall be eligible to be paid an annual incentive cash bonus ("BONUS")
of up to one hundred percent (100%) of his Base Salary subject to written
performance criteria established from time to time by the Company's Chief
Executive Officer and Executive.

        4.3 Stock Option Grants. Executive may be granted options to acquire
shares of the Company's common stock at anytime at the direction of the
Company's Board of Directors. Such agreement will provide for vesting of such
options over four (4) years at the rate of 1/48th per month, unless otherwise
determined by the Company's Board of Directors. In all events all options shall
be subject to the terms and conditions of the Company's 1999 Amended and
Restated Stock Option Plan, as the same may be amended from time to time (the
"STOCK OPTION PLAN").

        4.4 Other Benefits. As long as Executive is employed by the Company,
Executive shall be entitled to receive the following benefits in addition to his
Base Salary:

                (a) Executive shall have the right to participate in all group
        benefit plans of the Company in accordance with the Company's regular
        practices with respect to its senior officers.

                (b) Executive shall be entitled to reimbursement from the
        Company for reasonable out-of-pocket expenses incurred by him in the
        course of the performance of his duties hereunder, subject to compliance
        with the Company's standard expense policies and procedures.

                (c) Executive shall be entitled to such vacation, holidays and
        other paid or unpaid leaves of absence as are consistent with the
        Company's policy for other senior officers.

5.      Term. The term of this Agreement shall be for an initial period of one
(1) year and ending on January 1, 2004, and shall thereafter automatically be
extended for an additional period of one (1) year on a yearly basis, unless on
or before December 31 of any year or subsequent year, either Executive or the
Company gives the other party notice that the term of

                                     2 of 9
<PAGE>

this Agreement will not be so extended, in which case the term of this Agreement
will end on the end of the year designated in the notice.

6.      Termination and Resignation. Notwithstanding Section 5, the Company
shall have the right to terminate Executive's employment hereunder at any time
and for any reason, and upon any such termination Executive shall be entitled to
receive from the Company payment of the amount determined pursuant to the
applicable subparagraph of Paragraph 7 below. Executive shall have the right to
terminate his employment hereunder at any time by resignation, and he shall
thereupon be entitled to receive from the Company payment of the amount
determined pursuant to the applicable subparagraph of Paragraph 7 below.

7.       Payments Upon Termination and Resignation.

         7.1 Pro Rata Payments Upon Termination for Cause, Resignation Prior to
Change in Control, Death or Disability. If (a) the Company at any time
terminates Executive's employment for Cause (as defined below), or (b) prior to
the occurrence of a Change In Control (as defined below) of the Company,
Executive, except as otherwise specifically stated in Section 7.2, voluntarily
resigns for any reason other than because of a Constructive Discharge by the
Company, then in each case Executive shall be entitled to receive only his Base
Salary and unused accrued vacation days in the current calendar, according to
the current Company policy, on a pro rata basis to the date of termination plus
any amounts due Executive through the date of termination in accordance with
Paragraph 4.4. If the Executive during the term of this Agreement dies or
becomes disabled (being the inability of the Executive to perform his normal
employment duties for any six (6) months during any twelve (12) month period
because of either physical or mental incapacity), the Executive or his estate
shall be entitled to receive any amounts due Executive pursuant to Paragraph 4.4
and to receive his Base Salary on a pro rata basis to the date of termination or
resignation. For purposes of this Paragraph 7.1, "pro rata" shall mean the
product of the Executive's annual Base Salary that would have been payable had
the Executive's employment not terminated multiplied by a fraction the
denominator of which is 365 and the numerator of which is the number of days
during the calendar year that have passed through the date of the termination of
the Executive's employment.

        7.2 Base Salary Payment Upon Termination Prior to Initial Change in
Control Event or Upon Constructive Discharge Prior to Change in Control. If (a)
after the announcement of but prior to the occurrence of an Initial Change in
Control Event (as defined below), the Company terminates Executive's employment
because of a Discharge Event (as defined below), or (b) after the announcement
of but prior to the occurrence of a Change in Control of the Company,
Executive's employment ceases due to Constructive Discharge, or (c) after the
announcement of, but prior to the occurrence of an Initial Change in Control
Event, the Company terminates Executive's employment without Cause (other than
due to Constructive Discharge) and without a Discharge Event, then in each case
Executive shall be entitled to receive (a) his Base Salary in equal installments
on a monthly basis for a period of twelve (12) months; and (b) his unused
accrued vacation days in the current calendar, according to the current Company
policy,

        7.3 After Initial Change of Control Event. If after the occurrence of an
Initial Change of Control Event or a Change in Control of the Company, the
Company terminates Executive's employment hereunder because of a Discharge
Event, or without Cause and without any

                                     3 of 9
<PAGE>

Discharge Event, including by Constructive Discharge, then in either case
Executive shall be entitled to receive to his Base Salary in equal installments
on a monthly basis for a period of twelve (12) months, as well as his unused
vacation days as described in Section 7.2.

        7.4 Certain Definitions. The following terms not defined elsewhere in
this Agreement shall have the following definitions:

                (a) Termination by the Company of Executive's employment for
        "CAUSE" shall mean termination upon the willful misappropriation of
        funds or properties of the Company, other act of fraud or dishonesty
        adversely affecting the Company, or the willful contravention of the
        covenants in Sections 8 and 9 of this Agreement. For purposes of this
        definition, no act, or failure to act, on Executive's part shall be
        considered "willful" unless done, or omitted to be done, by Executive
        not in good faith and without reasonable belief that Executive's action
        or omission was in the best interest of the Company.

                (b) A "CHANGE IN CONTROL" shall be conclusively deemed to have
        occurred if (and only if) any of the following shall have taken place:
        (i) a change in control is reported by the Company in response to either
        Item 6(e) of Schedule 14A of Regulation 14A promulgated under the
        Securities Exchange Act of 1934, as amended ("EXCHANGE ACT"), or Item 1
        of Form 8-K promulgated under the Exchange Act; (ii) any person (as such
        term is used in Section 13(d) and 14(d)(2) of the Exchange Act) is or
        becomes the beneficial owner (as defined in Rule 13d-3 under the
        Exchange Act) directly or indirectly, of securities of the Company
        representing forty percent (40%) or more of the combined voting power of
        the Company's then outstanding securities; or (iii) following the
        election or removal of directors, a majority of the Board consists of
        individuals who were not members of the Board two (2) years before such
        election or removal, unless the election of each director who was not a
        director at the beginning of such two-year period has been approved in
        advance by directors representing at least a majority of the directors
        then in office who were directors at the beginning of the two-year
        period;

                (c) The "CODE" shall refer to the Internal Revenue of 1986, as
        amended.

                (d) A "CONSTRUCTIVE DISCHARGE" by the Company shall mean either
        of the following: (i) a material diminution in the authority, status or
        responsibilities of Executive, (ii) failure to pay Executive's Base
        Salary for more than thirty (30) days after the regularly scheduled due
        date for any portion thereof (other than resulting from unintentional
        clerical error), or (iii) relocation of Company's principal executive
        offices outside of Davidson or Williamson Counties, Tennessee; provided
        that in no event will termination for Cause constitute Constructive
        Termination.

                (e) A "DISCHARGE EVENT" shall have occurred if Executive shall
        have received notice from the Company's Chief Executive Officer that
        Executive is no longer discharging his duties in a manner consistent
        with the effective administration of the affairs of the Company and
        hence the continued employment of Executive is no longer in the best
        interest of the Company.

                                     4 of 9
<PAGE>

                (f) An "INITIAL CHANGE IN CONTROL EVENT" shall be conclusively
        deemed to have occurred when any individual, group, partnership,
        corporation, trust or other entity ("PERSON") initiates a course of
        action or conduct that, in the good faith judgment of the Board of
        Directors of the Company, might reasonably be expected to lead to a
        Change in Control of the Company. For example and without limiting the
        scope of the foregoing, an Initial Change in Control Event would include
        the public announcement or other disclosure by a Person of its intention
        (i) to acquire by private or open market purchase, tender offer,
        exchange offer, or otherwise forty percent (40%) or more of the combined
        voting power of the Company's outstanding securities, or (ii) to solicit
        proxies or consents for the removal of a majority of incumbent directors
        or the election of persons to serve as a majority of directors of the
        Company in opposition to nominees proposed by the Board of Directors of
        the Company.

8.      Preservation of Business; Fiduciary Responsibility. Executive shall use
his best efforts to preserve the business and organization of the Company, to
keep available to the Company the services of present employees and to preserve
the business relations of the Company with suppliers, distributors, customers
and others. Executive shall not knowingly commit any act, or in any way assist
others to commit any act, which would directly injure the Company. So long as
Executive is employed by the Company, Executive shall observe and fulfill proper
standards of fiduciary responsibility attendant upon his service and office.

9.      Restrictive Covenants.

        9.1 Non-Compete. During the term of this Agreement (including any
renewal periods and extensions) and for a period of (12) twelve months following
the termination of Executive's employment with the Company under this Agreement,
whether Executive's employment terminates pursuant to the provisions of
Paragraph 6 of this Agreement or otherwise (collectively, the "RESTRICTED
PERIOD"), Executive covenants and agrees that he will not, without the express
approval of the Company's Chief Executive Officer or Board of Directors,
directly or indirectly anywhere in the continental United States engage in any
activity which is, or participate or invest in, or provide or facilitate the
provision of financing to, or assist (whether as owner, shareholder, member,
partner, director, officer, trustee, employee, agent or consultant, or in any
other capacity), any business, organization or person other than the Company (or
any subsidiary or affiliate of the Company) whose business, activities, products
or services (collectively, "BUSINESS ACTIVITIES") are competitive with either:

         (i) any of the Business Activities conducted or offered by the Company
         or its subsidiaries or affiliates during any period in which Executive
         is employed by the Company or any of its subsidiaries or affiliates,
         which Business Activities shall include in any event and without
         limitation providing retail consulting, inventory software, inventory
         management, software products and marketing, training, management,
         billing, collection and insurance brokerage services to entities in the
         business of purchasing or financing accounts receivable or in the
         factoring business, or

         (ii) any other Business Activities which the Company or its
         subsidiaries or affiliates conducts or offers within twelve (12) months
         after the date Executive's employment with the Company terminates.

                                     5 of 9
<PAGE>

Notwithstanding the foregoing, Executive may own, directly or indirectly, solely
as an investment, securities of any entity if Executive (A) is not a controlling
person with respect to such entity and (B) does not, directly or indirectly, own
five percent (5%) or more of any class of the securities of such entity.

        9.2 Trade Secrets; Confidential Information. Executive covenants and
agrees that, at all times during and after the Restricted Period, he shall keep
secret and not disclose to others or appropriate to his own use or the use of
others any trade secrets, or secret or confidential information or knowledge
pertaining to the Company Business or the affairs of the Company or any of its
affiliates including without limitation trade know-how, trade secrets,
consultant contracts, customer lists, pricing policies, operational methods,
marketing plans or strategies, product development techniques or plans, business
acquisition plans, new personnel acquisition plans, technical processes, designs
and design projects, inventions and research projects; provided, however, that
the following shall not constitute a breach or violation of this Paragraph: any
disclosure made by Executive in the course of his employment by the Company as
provided in this Agreement, or any disclosure reasonably believed by Executive
to be compelled by law or legal process. Information shall not be deemed
confidential or secret for purposes of this Agreement if it is generally known
in the industry in which the Company primarily operates.

        9.3 Employees of the Company. During the Restricted Period, Executive
shall not directly or indirectly hire away or solicit to hire away from the
Company or any of its affiliates any employee of the Company or its affiliates,
other than employment resulting from general media advertisements of employment
opportunities.

        9.4 Property of the Company. All memoranda, notes, lists, records and
other documents (and all copies thereof) made or compiled by Executive or made
available to Executive during his employment by the Company concerning the
business or affairs of the Company or any of its affiliates, other than any of
such which may pertain primarily personally to Executive, shall be the exclusive
property of the Company and shall be delivered to the Company promptly upon the
cessation of Executive's employment with the Company or at any other time on
request by the Board of Directors of the Company or such affiliates; provided,
however, that the Company shall allow Executive to make copies of any such
documents that are not directly related to the Business Activities of the
Company and are not likely to result in injury to the Company.

        9.5 Rights and Remedies Upon Breach. If Executive breaches, or threatens
to commit a breach of, any of the provisions of Paragraphs 9.1 through 9.4 of
this Agreement (collectively, the "RESTRICTIVE COVENANTS"), the Company shall
have the following rights and remedies, each of which shall be independent of
the other and severably enforceable, and all of which shall be in addition to,
and not in lieu of, any other rights and remedies available to the Company: (a)
the right and remedy to have any of the Restrictive Covenants specifically
enforced by any court having jurisdiction and in Tennessee by an arbitration
panel as provided in Paragraph 12 of this Agreement, it being hereby
acknowledged and agreed by Executive that any such breach or threatened breach
will cause irreparable injury to the Company and that money damages will not
provide an adequate remedy to the Company; and (b) the right and remedy to
require Executive to account for and pay over to the Company all compensation,
profits, monies, accruals,

                                     6 of 9
<PAGE>

increments or other benefits derived or received by Executive as a result of any
transactions constituting a breach of any of the Restrictive Covenants, and
Executive shall account for and pay over such benefits to the Company.

        9.6 Severability of Covenants. If it is determined that any of the
Restrictive Covenants, or any part thereof, is invalid or unenforceable, the
remainder of the Restrictive Covenants shall not thereby be affected and shall
be given full effect, without regard to the invalid portions. If it is
determined that any of the Restrictive Covenants, or any part thereof, is
unenforceable because of the duration of such provision, the geographical area
covered thereby, or any other determination of unreasonableness of the
provision, the arbitration panel making such determination shall have the power
to reduce the duration, area or scope of such provision and, in its reduced
form, such provision shall then be enforceable and shall be enforced.

10.     Notice. All notices, requests, demands and other communications given
under or by reason of this Agreement shall be in writing and shall be deemed
given when delivered in person or when mailed, by certified mail (return receipt
requested), postage prepaid, addressed as follows (or to such other address as a
party may specify by notice pursuant to this provision):

                  (a)      To the Company:

                           Private Business, Inc
                           9020 Overlook Boulevard
                           Brentwood, Tennessee 37027
                           Attention: Chief Executive Officer

                           With a copy to:

                           Lee C. Dilworth
                           Harwell Howard Hyne Gabbert & Manner, P.C.
                           315 Deaderick Street
                           Suite 1800
                           Nashville, Tennessee 37238

                  (b)      To Executive:

                           Pete Scully
                           5103 Stoneleigh Circle (prior to March 1, 2003)
                           768 Sinclair Circle (as of March 1, 2003)
                           Brentwood, Tennessee 37027

11.     Controlling Law and Performability. The execution, validity,
interpretation and performance of this Agreement shall be governed by the laws
of the State of Tennessee.

12.     Arbitration. Any dispute or controversy arising under or in connection
with this Agreement shall be settled by arbitration in Nashville, Tennessee. In
the proceeding Executive shall select one (1) arbitrator, the Company shall
select one (1) arbitrator and the two (2) arbitrators so selected shall select a
third (3rd) arbitrator. The decision of a majority of the

                                     7 of 9

<PAGE>

arbitrators shall be binding on Executive and the Company. Should one party fail
to select an arbitrator within five (5) days after notice of the appointment of
the an arbitrator by the other party or should the two (2) arbitrators selected
by Executive and the Company fail to select an arbitrator within ten (10) days
after the date of the appointment of the last of such two (2) arbitrators, any
person sitting as a Judge of the United States District Court for the Middle
District of Tennessee, Nashville Division, upon application of Executive or the
Company, shall appoint an arbitrator to fill such space with the same force and
effect as though such arbitrator had been appointed in accordance with the first
sentence of this Paragraph 12. Any arbitration proceeding pursuant to this
Paragraph 12 shall be conducted in accordance with the rules of the American
Arbitration Association. Judgment may be entered on the arbitrators' award in
any court having jurisdiction.

13.     Additional Instruments. The Parties shall execute and deliver any and
all additional instruments and agreements that may be necessary or proper to
carry out the purposes of this Agreement.

14.     Entire Agreement and Amendments. This Agreement, together with stock
option agreements and the Stock Option Plan contemplated by Section 4.3,
contains the entire agreement of the Parties relating to the matters contained
herein and supersedes all prior agreements and understandings, oral or written,
between the Parties with respect to the subject matter hereof. This Agreement
may be changed only by an agreement in writing signed by the Party against whom
enforcement of any waiver, change, modification, extension or discharge is
sought.

15.     Separability. If any provision of the Agreement is rendered or declared
illegal or unenforceable by reason of any existing or subsequently enacted
legislation or by the decision of any arbitrator or by decree of a court of last
resort, the Parties shall promptly meet and negotiate substitute provisions for
those rendered or declared illegal or unenforceable to preserve the original
intent of this Agreement to the extent legally possible, but all other
provisions of this Agreement shall remain in full force and effect.

16.     Assignments. The Company may assign this Agreement and in the event of
an assignment of this Agreement, all covenants, conditions and provisions
hereunder shall inure to the benefit of and be enforceable against the Company's
successors and assigns. The rights and obligations of Executive under this
Agreement are personal to him, and no such rights, benefits or obligations shall
be subject to voluntary or involuntary alienation, assignment or transfer.

17.     Effect of Agreement. Subject to the provisions of Paragraph 16 with
respect to assignments, this Agreement shall be binding upon Executive and his
heirs, executors, administrators, legal representatives and assigns and upon the
Company and respective successors and assigns.

18.     Execution. This Agreement may be executed in multiple counterparts each
of which shall be deemed an original and all of which shall constitute one and
the same instrument.

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<PAGE>

19.     Waiver of Breach. The waiver by either Party of a breach of any
provision of the Agreement by the other Party shall not operate or be construed
as a waiver by such Party of any subsequent breach by such other Party.

        IN WITNESS WHEREOF, the Parties have executed this Executive Employment
Agreement as of the date(s) below, effective as set forth above.

                                       PRIVATE BUSINESS, INC.

                                       By: /s/ Henry M. Baroco
                                           -------------------------------------

                                       Title: Chief Executive Officer

                                       April 1, 2003

                                       EXECUTIVE

                                       /s/ Peter S. Scully
                                       -----------------------------------------
                                       Peter S. Scully

                                       April 1, 2003

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