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                                                                   EXHIBIT 10.18

                        TECHNOLOGY LICENSE AGREEMENT

This Technology License Agreement (this "Agreement") is made and entered into
as of December 17/18, 1997 by and between CyberCash, Inc., a corporation
organized under the laws of the State of Delaware, USA, ("Licensor") and
CyberCash GmbH, a corporation organized under the laws of the Federal Republic
of Germany ("Licensee").  Capitalized terms used herein are defined in Section
13 of this Agreement.

Licensor owns certain software and other technology (the "Technology") that,
under its name and marks, it uses to provide various payment services over the
Internet and other computer networks (the "CyberCash Services" or the
"Services").  CyberCash Inc.; Dresdner Bank AG, Frankfurt am Main and
Landesbank Sachsen Girozentrale, Leipzig, (the "Joint Venturers") have formed
Licensee as a joint venture to make use of the Technology to offer the
CyberCash Services to financial institutions and merchants in the Federal
Republic of Germany (the "Territory").

In consideration of the mutual promises set forth herein, Licensor and Licensee
hereby agree as follows:

1.   License Grant.

     (a)   License.  Subject to the terms and conditions of this Agreement,
           Licensor hereby grants to Licensee the right (i) to use the Licensed
           Technology, including the Licensed Software, in the Territory for
           the purpose of providing the CyberCash Services to merchants and
           financial institutions in the Territory, (ii) to keep and maintain a
           back-up copy of the object code of the Licensed Software, and (iii)
           to use the trademarks and servicemarks licensed hereunder (as
           defined in Section 13) (the "Marks") to identify and promote the
           CyberCash Services, (iv) to sublicense the Licensed Software and the
           Marks, within the limits expressly provided herein, and (v) to copy
           the user documentation for the Licensed Technology and to provide
           the sublicensees with such copies.  The Licensed Technology,
           including the Licensed Software, and Licensor's duties in connection
           with the licensing of the Licensed Technology are specified in
           Appendix B which forms an integral part of this Agreement.  Any
           specifications necessary for the Phases 2-5 as outlined in sec. 1 of
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           the Appendix B will be agreed upon by the parties in good faith.
           The License includes the deliverables and services as described in
           Appendix B for Phases 1-4, however for localization work necessary
           in Phase 2 an additional reasonable fee will be charged.

      (b)  Exclusivity.  During the term of this Agreement or any renewal term,
           Licensor agrees that it will not, except as contemplated by this
           Agreement, provide the CyberCash Services, or grant a license to any
           other person to use the Licensed Technology to provide the Services,
           to merchants or financial institutions within the Territory.
           Subject to the foregoing, Licensee acknowledges that Licensor has
           the right to use and license the Licensed Technology anywhere in the
           world.

     (c)   Sublicenses of Wallet and Merchant Software.  Licensee shall have
           the right to sublicense, in object code form only, the Wallet
           Software and the Merchant Software, solely for the purpose of use in
           participating in the CyberCash Services in the Territory.

     (d)   Term and Extension.

           (i)     Initial Term.  The initial term of this Agreement shall be
                   five years commencing on the date of this Agreement, unless
                   earlier terminated in accordance with the provisions of this
                   Agreement.

           (ii)    Extension Terms.  Licensee may, at its option, extend the
                   license granted by this Agreement for an unlimited number of
                   additional consecutive terms of five years, provided that
                   Licensee gives Licensor written notice of its election to
                   extend not less than 6 months nor more than 12 months before
                   the end of the expiring term.

                   During each extension term the provisions of this Agreement
                   shall apply except section 4. (a); no initial license fee
                   shall be payable for any extension term.

           (iii)   The parties acknowledge that business conditions in the
                   market for electronic payment services are expected to
                   change rapidly during the term of this Agreement and that
                   changed conditions may make modifications to this Agreement
                   desirable.  Accordingly, the parties

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                   agree that, at the request of either of them, they shall
                   enter into good faith negotiations regarding modifications
                   to the Agreement that may be required or desirable in the
                   interest of fairness and the advancement of their mutual
                   interests.  Nothing in this paragraph shall be construed,
                   however, to deprive the Licensee of the absolute right to
                   extend this Agreement as provided in paragraph 1 (d) (ii),
                   above.

     (e)   Source Code Escrow.

           (i)     Upon the completion of the initial customization work,
                   Licensor shall deliver the source code and all documentation
                   for the Licensed Software to the Escrow Agent subject to an
                   Escrow Agreement in substantially the form attached hereto
                   as Appendix A ("Escrow Agreement"), which forms an integral
                   part of this Agreement, and shall deposit with the Escrow
                   Agent an actual copy of the source code and all
                   documentation for the Licensed Software every six months,
                   beginning on June 30th, 1998, unless the deposited material
                   has been already exchanged against an upgrade during a
                   foregoing six month period.  Licensor and Licensee shall use
                   their best efforts to enter into such an Escrow Agreement as
                   soon as possible after the effective date of this Agreement.

           (ii)    Whenever Licensor provides Licensee with an upgrade of the
                   Licensed Software, Licensor shall within ten business days
                   thereafter deposit with the Escrow Agent the source code and
                   documentation for the upgrade.

           (iii)   If, on June 30 or December 31 of any year, there have been
                   no upgrades of the Licensed Software requiring a deposit of
                   the upgraded software in accordance with the preceding
                   section during the preceding six months but there have been
                   minor changes, Licensor shall, within ten business days
                   deposit the source code for the then-current version of the
                   Licensed Software.

           (iv)    All fees and expenses charged by the Escrow Agent will be
                   borne by Licensee.
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           (v)     The source code (and documentation) shall be released from
                   escrow to Licensee, temporarily or permanently, solely upon
                   the occurrence during the term of this Agreement one of the
                   following "Escrow Release Events" defined below:

                   (A)     permanently, if Licensor becomes insolvent or admits
                           insolvency or admits a general inability to pay its
                           debts as they become due;

                   (B)     permanently, if Licensor files a petition for
                           protection under the Bankruptcy Code of the United
                           States, or an involuntary petition in bankruptcy is
                           filed against Licensor and is not dismissed within
                           sixty days thereafter;

                   (C)     permanently, if Licensor should commence proceedings
                           to dissolve as a legal entity;

                   (D)     temporarily, if Licensor proves unable or unwilling
                           to carry out a reasonable customization request of
                           Licensee upon Licensee's offer to pay reasonable
                           compensation for such work and/or to provide within
                           due course its Services according to Section 3 (a)
                           (I) of the Software Maintenance Agreement.

           (vi)    Licensor hereby grants to Licensee all rights to modify and
                   use the source code within the scope of the license granted
                   by Section 1 of this Agreement upon occurrence of an Escrow
                   Release Event.

           (vii)   If Licensee desires to obtain the Source Code Escrow Package
                   from the Escrow Agent upon the occurrence of a Release
                   Event, then:

                   (A)     Licensee shall comply with the procedures set forth
                           in the Escrow Agreement to document the occurrence
                           of the Release Event;

                   (B)     Licensee shall maintain the source code in strict
                           confidence and shall use and/or disclose it only in
                           accordance with this Agreement;
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                   (C)     If the release is a temporary one, then Licensee
                           shall promptly return all released materials to the
                           Escrow Agent when the circumstances leading to the
                           release are no longer in effect; and


                   (D)     Licensee shall promptly respond, fully and
                           completely, to any and all requests for information
                           from Licensor concerning Licensee's use or
                           contemplated use of the source code and the names
                           and affiliations of the individual(s) having access
                           to the source code.

2.   Duties of Licensor.

     (a)   Customization.  Promptly after the execution of this Agreement
           Licensor shall commence making the modifications to the Licensed
           Technology necessary to permit its use within the Territory.  This
           work shall be performed in accordance with the specifications set
           out in Appendix B.  The modification work described in this Section
           shall not be considered a work for hire, and Licensor shall, subject
           to license granted in this Agreement, retain all rights of ownership
           in the Licensed Technology as so modified.  However, Licensor may
           not use such modifications inside or outside the Territory without
           Licensee'' prior written consent.  The acceptance testing shall be
           completed no later than February 1, 1998.

     (b)   Operating Standards.  In order to protect the reputation and
           goodwill of Licensor, to maintain uniform world-wide standards for
           the CyberCash Services and operations provided under the Marks and
           for the mutual benefit of Licensor and Licensee, Licensor shall
           provide Licensee with standards, procedures and policies for the
           performance and delivery of the Services; provided, however, that
           Licensee shall have no binding legal obligation to conform to such
           standards and policies.

     (c)   Marks Usage Guidelines.  Licensor shall provide Licensee with
           written and graphic guidelines for the correct reproduction,
           application and presentation of the Marks, which may include Mark
           specimens, samples of advertisements and clip art indicating color,
           proportion and format.
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     (d)   Training.  Licensor shall provide the employees and agents of
           Licensee with initial training sufficient to enable them to operate
           the CyberCash Services and until June 30th, 1998.  The initial
           training shall include at least two, and as many as six, people and
           shall be provided at a location mutually agreeable to the parties
           and at no cost to Licensee other than the payment of the reasonable
           travel expenses of the persons who perform the training.
           Thereafter, Licensee shall pay Licensor for additional training at
           Licensor's standard hourly rates for such training, which are
           currently $125 per hour.  Licensee agrees that Licensor may make
           reasonable adjustments in its hourly rates to account for inflation.

     (e)   Software Maintenance and Network Service Support.  During the term
           of this Agreement, Licensor shall provide maintenance releases,
           remote support and software defect corrections for the Licensed
           Technology and shall provide network service support for the
           operation of the Services all as more fully described in Appendix C
           hereto, which forms an integral part of this Agreement.

     (f)   Software Upgrades.  Licensor shall, during the term of this
           Agreement, provide Licensee with Software Upgrades to the Licensed
           Software developed by Licensor to keep pace with evolving technology
           and security standards.  These upgrades shall be provided at no cost
           to Licensee other than the Annual Maintenance Fee provided in
           Appendix C.

     (g)   New Services or Payment Instruments.  Licensor shall offer to
           Licensee, the software and technology necessary to implement any new
           services or payment instruments not now part of the CyberCash
           Services (as of the date of this Agreement) but developed by
           Licensor in the future ("New Services").  The fees and terms and
           conditions for use of any New Services shall be negotiated by
           Licensee and Licensor in good faith, with the intent that they shall
           be fair to both parties and generally comparable to those of this
           Agreement.

3.   Duties of Licensee

     (a)   Service Standards.  Licensee acknowledges that the CyberCash
           Services are intended to be part of a global system and that the
           manner in which Licensee operates the Services in the Territory may
           reflect on the
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           reputation of Licensor and the Services as operated elsewhere.
           Accordingly, Licensee agrees to operate the Services so as to
           provide a high level of service to financial institutions,
           merchants, and consumers that use the Services and to follow such
           reasonable operating rules for the services as Licensor may
           establish from time to time in Agreement with Licensee to assure the
           quality of the services and protect their reputation.

     (b)   Business Practices.  Licensee shall not engage in any practice or
           activity that may damage or reflect unfavorably on the Marks or on
           the reputation of Licensor or the CyberCash Services, or which
           constitutes deceptive or unfair competition, consumer fraud or
           misrepresentation.

     (c)   Legal Compliance.  Licensee shall use its best efforts to comply, at
           its own expense, with all applicable laws, ordinances and
           regulations in the Territory.

4.   Fees and Royalties

     (a)   Initial License Fee.  Licensee shall pay Licensor a license fee of
           DM 3,600,000 payable in two installments of DM 2,500,000 at the
           execution of this agreement, and DM 1,100,000 when the following
           conditions are met cumulatively:

           (i)     formal acceptance of the Licensed Technology under the
                   Acceptance Test Plan as set out in Appendix D, which forms
                   an integral part of this Agreement, and

           (ii)    all necessary licenses are granted to Licensor, especially a
                   validated license by the Department of Commerce in pursuance
                   of its Export Administration Regulations with respect to the
                   Export Control Classification Number 5D002, permitting the
                   export to Germany of all items necessary to fulfill the
                   obligations undertaken by Licensor under the provisions of
                   Section 6 (c) of Appendix C, and

           (iii)   submission of a legal opinion at the request and expense of
                   Licensee from the firm of Rogers & Wells to the effect that
                   Licensor has obtained all licenses necessary to permit it to
                   export the Licensed Technology, including the German Gateway
                   Server.
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     (b)   Royalty.  Licensee shall pay Licensor annually a royalty of 10% of
           Licensee's revenues from transaction processing, from merchant fees,
           and from bank license fees (the "Royalty").  The obligation to pay
           the Royalty shall commence in the first year in which the Licensee
           is profitable (Sec. 275 para 1 Nr. 20 HGB) at the end of the fiscal
           year (or would be profitable but for deduction of the Royalty);
           provided that if the payment of the entire amount of the Royalty
           would cause the Licensee to sustain a loss for any year, the amount
           of the Royalty for that year shall be reduced by the amount
           necessary so that the Licensee shall not be unprofitable for that
           year.

     (c)   Maintenance Fees and Expenses.  Licensee shall pay Licensor an
           annual maintenance fee of $80,000 as provided in Appendix C.

     (d)   Network Service Support Fee.  Licensee shall pay Licensor a Network
           Services Support Fee after 1 January 1999 provided in Appendix C.

5.   Marks.

     (a)   Ownership.  Licensor is the owner of all right, title and interest
           in and to the Marks, and it has licensed Licensee to use and to
           sublicense the Marks.

     (b)   Use of Marks.

           (i)     Licensee shall use the Marks only in the manner authorized
                   and permitted by Licensor, and only in accordance with the
                   written and graphic guidelines provided for the correct
                   reproduction, application and presentation of the Marks.

           (ii)    Licensee shall use the Marks only in connection with
                   providing the CyberCash Services.

           (iii)   Licensee shall identify Licensor, as the owner of the Marks
                   in conjunction with the operation of the CyberCash Services.

           (iv)    Licensee shall have the right to sublicense merchants and
                   financial institutions to use the Marks in connection with
                   their use of the
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                   CyberCash Services; provided that they shall agree to such
                   reasonable rules governing the use of the Marks as Licensor
                   may establish.

           (v)     Licensor shall file and maintain trademark, trade name or
                   fictitious name registrations in the appropriate
                   jurisdictions within the Territory.

           (vi)    Licensee shall promptly notify Licensor of any suspected
                   infringement of, or challenge to, the validity,
                   registration, or Licensor's ownership of the Marks, which
                   occurs in the Territory, or elsewhere, should the Licensee
                   become aware of such infringement or challenge.

           (vii)   Licensee's use of the Marks pursuant to this Agreement does
                   not give Licensee any ownership interest or other interest
                   in or to the Marks, except the license granted in this
                   Agreement.  Any and all goodwill arising from Licensee's use
                   of the Marks shall inure solely and exclusively to the
                   benefit of Licensor, and upon expiration or termination of
                   this Agreement and the license granted by it, no monetary
                   amount shall be assigned as attributable to any goodwill
                   associated with Licensee's use of the Marks.


6.   Patent Matters.

     (a)   Patent Prosecution.  Upon the request, and at the expense of
           Licensee, Licensor shall file and prosecute patent applications and
           maintain patents in the Territory relating to the Licensed
           Technology or any improvements made by Licensor.

     (b)   Notice of Infringement.  If Licensee becomes aware of any product or
           activity of any third party that involves infringement or violation
           of any Licensor patent or other proprietary right in the Territory,
           then Licensee shall promptly notify Licensor in writing of such
           infringement or violation.  To the extent that it has the right to
           do so, Licensee may take such legal action as it shall deem
           necessary to protect its interest against an infringement or
           violation.  Licensor may in its discretion take or not take
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           whatever action it believes is appropriate; if either party elects
           to take action to protect its interest in a patent,  the other will
           fully cooperate therewith.

7.   Confidentiality.

     (a)   Confidential Information.  The parties acknowledge that they, their
           subsidiaries and affiliated companies are the owners of valuable
           trade secrets and other confidential information ("Confidential
           Information") and that they also from time to time obtain
           Confidential Information from others under license Agreements.

     (b)   Non-Disclosure.  All Confidential Information disclosed by one party
           to the other party in connection with this Agreement shall remain
           the property of and be deemed proprietary to the disclosing party.
           The receiving party agrees to receive Confidential Information in
           strict confidence, to hold Confidential Information solely and
           exclusively in accordance with the terms of this Agreement.
           Notwithstanding the preceding, no party to this Agreement shall be
           liable for disclosure or use of Confidential Information if the
           Confidential Information was properly in the public domain at the
           time it was disclosed or is publicly released in response to a
           subpoena, court order or other legal process.

     (c)   Other Information.  Each of the parties undertakes to treat also in
           strict confidence any other information relating to the business or
           other activities of the other party, the implementation of this
           Agreement or to any internal matters relating to the fulfillment of
           this Agreement, regardless of whether such information came to their
           knowledge before or in the course of or in connection with the
           contractual relationship under this Agreement, except if such
           information is generally known and has not become generally known
           through a breach of this covenant.

     (d)   The obligation to maintain confidentiality shall continue to apply
           after this Agreement has come to an end.
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8.   Termination for Breach.

     (a)   By Licensee.  If Licensor is at any time in material breach of this
           Agreement, Licensee may give written notice of the breach.  If
           Licensor has not cured the breach within 30 days, Licensee may
           terminate this Agreement; provided that, if the breach is not
           susceptible of cure within 30 days, Licensee may not terminate as
           long as Licensor is diligently pursuing a cure.  Upon the effective
           date of any such termination, Licensee shall return all
           Licensor-owned equipment and software to Licensor at Licensor's
           expense.  In addition, Licensor shall repay a percentage of the
           Initial License Fee.  This percentage shall be equal to 50% if the
           material breach occurs during the first year of the term, 40% if in
           the second, 30% if in the third, 20% if in the fourth, 10% if in the
           fifth, and zero thereafter.

     (b)   By Licensor.  If Licensee is at any time in material breach of this
           Agreement, Licensor may give written notice of the breach.  If
           Licensee has not cured the breach within 30 days, Licensor may
           terminate this agreement; provided that, if the breach is not
           susceptible of cure within 30 days, Licensor may not terminate as
           long as Licensee is diligently pursuing a cure.  Upon the effective
           date of any such termination, Licensee shall return all
           Licensor-owned equipment and software at Licensee's expense.

     (c)   Expenses.  In the event of termination for breach, the terminated
           party shall also pay to the other party all reasonable expenses
           incurred by the party in connection with the enforcement of any of
           that party's rights hereunder, including necessary attorney's fees.

9.   Dispute Resolution.

     All disputes arising under or in connection with this Agreement including
     its validity shall be finally settled by an Arbitration Tribunal according
     to the Arbitration Agreement attached thereto as Appendix F without
     recourse to the ordinary courts of law.  The Arbitration Tribunal shall
     apply the laws of the Federal Republic of German, without regard to its
     rules governing choice of law.
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10.  Warranties.

     (a)   Warranty for Licensed Software.  Licensor warrants that the Licensed
           Technology will permit the operation of the CyberCash Services in
           the Territory in accordance with the Functional Requirements
           Specification (Appendix B).


     (b)   Other Corrections.  The correction of any software errors and/or
           malfunctions which are not covered by Licensor's warranty, i.e.
           caused by improper use by the Licensee (or through the intervention
           of third parties or owing to force majeure) shall be provided by
           Licensor against an additional fee which will be calculated
           according to Licensor's generally applied hourly rates.

     (c)   Guarantee of rights of use.  The Licensor guarantees that it is
           entitled to grant the Licensee the rights of use transferred under
           this Agreement.

11.  Liability.

     (a)   Liability of Licensor.  Licensor shall not be liable by reason of
           any act or omission of Licensee in the performance of its business,
           or for any claim or judgment arising therefrom against Licensee.

     (b)   Liability of Licensee.  Licensee shall not be liable by reason of
           any act or omission of Licensor in the performance of its business,
           or for any claim or judgement arising therefrom against Licensor.


12.  Patent, Copyright and Trademark Indemnity.

     (a)   Indemnification by Licensor.  Subject to the provisions of this
           Section 12, Licensor shall at its expense, defend any action against
           Licensee to the extent such action is based on a claim that the use
           of the Licensed Technology or a component of the Licensed Technology
           as contemplated in this Agreement infringes a patent, copyright,
           trademark or other intellectual property right, and Licensor shall
           pay those damages or costs awarded against Licensee notifies
           Licensor promptly in writing of such action, Licensee gives Licensor
           sole control of the defense thereof (and any negotiations for
           settlement or compromise thereof as far as legally
<PAGE>   13
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           possible), and Licensee cooperates in the defense thereof at
           Licensor's expense.  If Licensed Technology or any component of the
           Licensed Technology becomes, or in Licensor's opinion is likely to
           become, the subject of a claim of infringement, then Licensee shall
           permit Licensor, at its option and expense, including all costs and
           expenses of Licensee either to (i) procure for Licensee the right to
           continue using the Licensed Technology or the infringing component
           of the Licensed Technology or (ii) replace or modify Licensed
           Technology or the infringing component of the Licensed Technology so
           that it becomes noninfringing. Licensee shall not incur any costs
           of expenses for the account of Licensor under or pursuant to this
           Section 12 (a) without Licensor's prior written consent.

     (b)   Claims Based on Misuse or Modification.  Licensor shall have no
           obligation to defend any action against Licensee to the extent such
           action is based upon a claim of infringement arising from (i) the
           use of the Licensed Technology or a component of the Licensed
           Technology by Licensee in a manner other than as specified or
           permitted by Licensor, (ii) the use of the Licensed Technology or a
           component of the Licensed Technology by Licensee in combination with
           other products, equipment, devices or software (including without
           limitation any application software produced by Licensee for use
           with the Licensed Technology or a component of the Licensed
           Technology) not supplied by Licensor if such infringement charge
           would have been avoided in the absence of such combination, or (iii)
           the alteration or modification of the Licensed Technology or a
           component of the Licensed Technology by Licensee (or by  Licensor in
           compliance with specifications provided by Licensee) if such
           infringement charge would have been avoided in the absence of such
           alteration or modification.

     (c)   Indemnification by Licensee.  In the event an infringement action or
           claim is brought against Licensor which is based on the conduct of
           Licensee described in Section 12 (b) hereof, Licensee shall, (I) as
           far as legally possible and at its own expense, defend such action
           or claim and (ii) shall pay any and all damages and costs finally
           awarded against Licensor in connection with such action or claim,
           provided that Licensor notifies Licensee promptly, in writing, of
           such action or claim, Licensor gives Licensee sole control of the
           defense thereof (and any negotiations for
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           settlement or compromise thereof), and Licensor cooperates in the
           defense thereof, at Licensee's expense.

13.  Definitions

     "CyberCash Services" means the services enabling payments over the
     Internet and other computer networks now operated by Licensor and its
     affiliates under the Marks, together with any New Services subsequently
     developed by Licensor and licensed by the Licensee in accordance with this
     Agreement.

     "Escrow Agent" means Dresdner Brank AG,                            ,
     Frankfurt am Main, Germany, in its capacity as escrow agent under the
     Escrow Agreement.

     "Gateway Software" means a host-based software program that enables the
     operator to provide the CyberCash Services to merchants and consumers.  In
     its current configuration, it enables the secure transport of credit card
     transaction data and the processing of small-value payments under the
     CyberCoin Service.  It is anticipated that it will soon enable
     transactions using the Secure Electronic Transactions (SET) protocol,
     Version 1.0, as well as larger value payments using Licensor's
     PayNowservice.

     "Licensed Software" means the Gateway Software, the Wallet Software and
     the Merchant Software as customized by Licensor for Licensee for use in
     the Territory.

     "Licensed Technology" means the inventions (whether or not patentable),
     ideas, software, know-how and other proprietary trade secrets (including
     the Licensed Software) owned by Licensor and used in connection with the
     CyberCash Services.

     "Marks" means the trademarks and service marks used by Licensor now or
     during the term of this Agreement in connection with marketing and
     delivering the CyberCash Services.  As of the date of this Agreement, the
     Marks include the service marks, "CyberCash", "CyberCoin", "PayNow", and
     the logo representing CyberCash set forth on Appendix E to this Agreement.

     "Merchant Software" means a host-based software program designed to be
     used by Internet merchants (or hosting services acting on behalf of
     Internet merchants) to accept payments using the CyberCash Services.
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     "New Services" shall mean services enabling the use of payment instruments
     other than: (1) Deutsch Mark CyberCoin, (2) electronic direct debit
     ("EDD"), and (3) SET Version 1.0, which are described in Appendix B.

     "Software Upgrade" shall mean a modification of the Licensed Software made
     for the purpose of correcting errors or defects, conforming to changes in
     operating systems, making minor changes in functionality to conform to
     government regulation, or otherwise making minor improvements that do not
     affect the core functionality as specified in Appendix B.

     "Territory" means the Federal Republic of Germany.

     "Wallet Software" means client-based software designed to permit consumers
     to make purchases over the Internet using the CyberCash Services.

14.  Miscellaneous Provisions.

     (a)   Notices.  All notices, consents, requests and other communications
           hereunder shall be in writing and shall be deemed to have been duly
           given when (a) delivered by hand, (b) sent by telecopier (with
           receipt confirmed), provided that a copy is sent in the manner
           provided in clause (c), or (c) when received by the addressee, in
           each case to the appropriate addresses and telecopier numbers set
           forth below (or to such other addresses and telecopier numbers as a
           party may designate as to itself by notice to the other parties):

           If to Licensee:

           CyberCash GmbH

           Jurgen-Ponto-Platz 1

           60301 Frankfurt

           Telecopier No.: 496926312403

           Attention:

           Stephan Muller
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           GB FI TIM

           Taunusstr. 22

           60301 Frankfurt


           If to Licensor:

           2100 Reston Parkway, Suite 430
           Reston, Virginia  22091
           Telecopier No.: (703) 264-5928
           Attention:  Bruce G. Wilson

     (c)   Assignment.  All of the terms and provisions of this Agreement shall
           be binding upon and inure to the benefit of and be enforceable by
           the parties hereto and their respective successors and permitted
           assigns.  This Agreement shall not be assignable or transferable by
           either party hereto without the prior written consent of the other
           party hereto; provided that Licensor may assign the benefits of this
           Agreement to CyberCash, C.V., or another wholly-owned affiliate of
           Licensor

     (d)   Entire Agreement; Amendment.  This Agreement with the annexed
           Exhibits and Schedules sets forth the entire understanding between
           the parties relating to the subject matter contained herein and
           merges all prior discussions between them.  No amendment to this
           Agreement shall be effective unless it is in writing and executed by
           the parties hereto.

     (e)   Severability.  Any term or provision of this Agreement which is
           invalid or unenforceable will be ineffective to the extent of such
           invalidity or unenforceability without rendering invalid or
           unenforceable the remaining rights of the person intended to be
           benefited by such provision or any other provisions of this
           Agreement.  The invalid term or provision shall be replaced by a
           valid provision, the economic sense of which shall be as close as
           possible to the invalid provision.  The Agreement is governed by the
           law of the Federal Republic of Germany, without regard to its rules
           governing choice of law.
<PAGE>   17
                                                                              17

     (f)   No Waiver.  The failure of a party to insist upon strict adherence
           to any term of this Agreement on any occasion shall not be
           considered a waiver or deprive that party of the right thereafter to
           insist upon strict adherence to that term or any other term of this
           Agreement.  Any waiver must be in writing.


IN WITNESS WHEREOF, the parties hereto have caused this Technology License and
Maintenance Agreement  to be duly executed, as of the date first above written.

                                        CYBERCASH, INC.

                                        By:     /s/ Bruce G. Wilson
                                           --------------------------------
                                        Name:  Bruce G. Wilson
                                        Title:  Executive Vice President
                                        Date:  18 December 1997

                                        CyberCash GmbH

                                        By:     /s/ Andreas Wanke
                                           --------------------------------
                                        Name:  Andreas Wanke
                                        Title:  Ab Geschaftsfuhrer
                                        Date:  17.12.1997

                                        By:     /s/ Stephan Muller
                                           --------------------------------
                                        Name:  Stephan Muller
                                        Title:  Geschaftsfuhrer
                                        Date:  18.12.1997