AGREEMENT FOR SERVICES
This Agreement for Services (the "Agreement"), dated as of March 1, 1999, is entered into by and among IFS
International, Inc., a Delaware corporation (the "Company"), whose principal executive office is located at
Rensselaer Technology Park, 300 Jordan Road, Troy, New York 12180, IFS International, Inc., a New York
corporation and a wholly owned subsidiary of the Company, and any other subsidiary of the Company, (the
Company and its subsidiaries are sometimes collectively referred to in this Agreement as the "Companies") and
John P. Singleton, (the "Executive"), an individual whose address is 4331 Rosecliff Avenue, Charlotte , NC with
reference to the following facts:
WHEREAS, in November, 1998 the Company's Board of Directors, elected John P. Singleton as its Chairman,
and desires to fairly and adequately compensate MR. Singleton (the Executive) for his services as Chairman of
the Board, Chairman of the Board's Acquisition Committee, Chairman of the Board's Executive Committee and
member of the Board's Compensation Committee.
WHEREAS, the Executive and the Company wish to memorialize with this Agreement their agreement as to the
terms and conditions of the Executive's compensation.
NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, and for valuable
consideration, the receipt and sufficiency of which are hereby mutually acknowledged, the parties to this
Agreement (collectively "parties" and individually a "party") agree as follows:
Set forth below are definitions of capitalized terms which are generally used throughout this Agreement and not
defined elsewhere in it:
(a) "Affiliate" means any "Person" (as defined below) controlling, controlled by, or under common control with a
(b) "Board" means the Board of Directors of the Company, as such body may be reconstituted from time to time.
(c) "Change In Control" shall mean, subject to subsections (iv) and