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EXHIBIT (c)(16)
September 1, 1999
Effective Management Systems, Inc.
00000 Xxxx Xxxx Xxxxx
Xxxxxxxxx, XX 00000
Re: Agreement and Plan of Merger, dated September 1, 1999, by and among
IFS Americas, Inc., IFS Acquisition, Inc. and Effective Management
Systems, Inc. (the "Merger Agreement")
Gentlemen:
As consideration for Effective Management Systems, Inc. entering into the Merger
Agreement, we hereby agree to transfer to our affiliates, IFS Americas, Inc. and
IFS Acquisition, Inc., the funds necessary to complete on a timely basis the
transactions contemplated by the Merger Agreement. We understand that Effective
Management Systems, Inc. intends to rely on this agreement and that the
foregoing is binding upon us and will be enforceable by Effective Management
Systems, Inc.
Very truly yours,
Industrial and Financial Systems, IFS AB
By: /s/ Xxxxx Xxxxxxx
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CEO
