May 1, 2004 Mr. James Rowley Richmond, CA 94804 Dear James,QRS Corp • August 6th, 2004 • Services-computer processing & data preparation
It is a pleasure for me to provide you with this letter agreement setting forth the terms of your continuing employment with QRS Corporation (“QRS” or the “Company”). This letter supersedes and replaces all prior agreements between you and QRS regarding the terms of your continuing employment with the Company. This letter does not affect the terms of the written Indemnification Agreement between you and QRS or the stock options or restricted stock grants previously granted to you.
