Common use of Processing Agreements Clause in Contracts

Processing Agreements. First Security shall exercise all commercially reasonable efforts to enter into an agreement, in form and substance reasonably satisfactory to American Bank, with BSC, Inc. which provides that First Security and BSC, Inc. will continue the term of the November 14, 2005 contract between First Security and BSC, Inc. (the “BSC Agreement”) on a month to month basis on the same terms set forth in the BSC Agreement through the end of the fourth month following the month in which the Closing Date occurs. First Security will also promptly terminate the May 27, 2005 Master Resource Management Services Agreement between First Security and Precision Computer Systems, Inc. (the “PCS Agreement”) through payment by First Security to Precision Computer Systems, Inc. of a termination fee of not more than $50,000 (plus specified expenses) (the “Termination Fee”). Upon termination and payment of the Termination Fee, First Security shall have no further liability or obligations under the PCS Agreement.