LEASE SCHEDULE NO. 001R

Exhibit 10.14

LEASE SCHEDULE NO. 001R

“This Lease Schedule No. 001R replaces Lease Schedule No. 001.”

This Lease Schedule is issued pursuant to the Lease Agreement Number TR051905 dated May 19, 2005. The terms of the Lease Agreement and serial numbers contained on Certificate of Acceptance Numbers TR051905-001-001 thru TR051905-001-003 are a part hereof and are incorporated by reference herein.

LESSOR		LESSEE
Farnam Street Financial, Inc.		Transcend Services, Inc.
000 Xxxxxxxx Xxxxx		000 Xxxx Xxxxx Xxxxx Xxxx
0000 Xxxx Xxxxxxx		Xxxxx 0000
Minnetonka, MN 55343		Atlanta, GA 30326
SUPPLIER OF EQUIPMENT		LOCATION OF EQUIPMENT
Various		Same as above

Term of Lease from Commencement Date: 60 Months

Monthly Lease Charge: $1,001.03

Delivery and Installation: August 2005 – November 2005

Commencement Date: December 1, 2005

Security Deposit: $1,001.03. At the end of the applicable lease term, provided that there is no event of default, this security deposit will be returned to Lessee.

EQUIPMENT

MANUFACTURER		QTY		MACHINE/MODEL		EQUIPMENT DESCRIPTION (including features)
						See Attachment A

The Monthly Lease Charge will be prorated and charged as interim rent between the date an item of equipment is accepted and the Commencement Date.

Every Term is Agreed to and Accepted:						Every Term is Agreed to and Accepted:
FARNAM STREET FINANCIAL, INC. “LESSOR”						TRANSCEND SERVICES, INC. “LESSEE”
By:		/s/ Xxxxxx X. Xxxxxx				By:		/s/ Xxxxx Xxxxxxx
Print Name:		Xxxxxx X. Xxxxxx				Print Name:		Xxxxx Xxxxxxx
Title:		President				Title:		C.F.O.
Date:		Dec. 20, 2005				Date:		12/19/05

Lease Agreement Number: TR051905

Lease Schedule Number: 001R

ATTACHMENT A

MANUFACTURER		QTY		MACHINE/MODEL		EQUIPMENT DESCRIPTION (incl. features)
GLS COMMUNICATIONS		2				50% Deposit
NORTEL		1		AASTRA		AASTRA CNX conference bridge with associated materials
NORTEL		51				T316E Phones, Black, 16 Button
NORTEL		1				T24 DSS 24 Button, Black, Console Attendant Phone
NORTEL		8				Nortel USB Headsets
NORTEL		1				BCM Voice over IP 8 seats
NORTEL		1				BCM Message Center with 68 Mailboxes
NORTEL		1				BCM Gold Bundle for 32 users - Call Center Professional (up to 20 agents) 32 seats unified messaging (Voicemail & fax) - Call Center Report
NORTEL		1				BCM Expansion unit with PS
NORTEL		2				BCM DTM - T1/PRI Card
NORTEL		2				BCM DSM 32+
NORTEL		4				BCM 8 Port analog media bay
NORTEL		1				BCM 400 Platform, Cabinet, Processor
NORTEL		1				BCM 200 Expansion Cabinet
NORTEL		1				64 additional mailboxes

Agreed to and Accepted:						Agreed to and Accepted:
FARNAM STREET FINANCIAL, INC.						TRANSCEND SERVICES, INC.
“LESSOR”						“LESSEE”
By:		/s/ Xxxxxx X. Xxxxxx				By:		/s/ Xxxxx Xxxxxxx
Print Name:		Xxxxxx X. Xxxxxx				Print Name:		Xxxxx Xxxxxxx
Title:		President				Title:		CFO
Date:		Dec. 20, 2005				Date:		12/19/05

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