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                                                                   EXHIBIT 10.26


                               DATED 12 JULY 2000






                    (1) METACREATIONS INTERNATIONAL LIMITED

                  (2) PIVOTAL TECHNOLOGIES CORPORATION LIMITED






         --------------------------------------------------------------

                      ASSIGNMENT OF PART OF GROUND FLOOR,
                     WILSON HOUSE, FENIAN STREET, DUBLIN 2

         --------------------------------------------------------------






                            MATHESON ORMSBY PRENTICE
                               30 HERBERT STREET
                                    DUBLIN 2
                                    IRELAND

                              TEL +353 1 619 9000
                              FAX +353 1 619 9010

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THIS ASSIGNMENT is made on 12 JULY 2000 between

(1)  METACREATIONS INTERNATIONAL LIMITED having its registered office at 2
     Harbourmaster Place, Custom House Dock, Dublin 1 (hereinafter called the
     "Vendor" which expression shall where the context so admits or requires
     include it successors and assigns):

(2)  PIVOTAL TECHNOLOGIES CORPORATION LIMITED having its registered office at 30
     Herbert Street (hereinafter called the "PURCHASER" which expression shall
     where the context so admits or requires include its successors and assigns)

WHEREAS

A.   By Lease (the "LEASE") dated 22 September 1999 between (1) The HW Wilson
     Company Inc. and (2) The Vendor, the premises (the "PREMISES") described in
     the Schedule hereto were demised unto the Vendor for the period commencing
     on 22 August 1999 and expiring on 21 August 2001 (the "TERM") subject to
     the yearly rent of IEP76,420.00 (the "RENT") and to the covenants on the
     part of the tenant and conditions therein contained.

B.   The Vendor has agreed with the Purchaser for the sale to the Purchaser of
     the Premises for IEP25,500.00

NOW THIS ASSIGNMENT WITNESSETH

1.   That in pursuance of the said agreement and in consideration of
     IEP25,500.00 (Twenty Five Thousand Five Hundred Irish Pounds) now paid by
     the Purchaser to the Vendor (the receipt of which the Vendor hereby
     acknowledges) the Vendor as beneficial owner hereby GRANTS AND ASSIGNS unto
     the Purchaser the Premises TO HOLD the same unto and to the use of the
     Purchaser for all the residue unexpired of the Term SUBJECT to the Rent and
     to the covenants on the part of the tenant and the conditions contained in
     the Lease.

2.   The Purchaser hereby covenants with the Vendor to pay the Rent and observe
     and perform the covenants on the part of the tenant and conditions
     contained in the Lease and to indemnify and keep indemnified the Vendor
     against all actions, costs, claims and demands arising out of the
     non-payment of the Rent or any part thereof or the breach, non-observance
     or non-performance of the said covenants and conditions or any of them.

IT IS HEREBY CERTIFIED

1.   That the Premises is situate the City of Dublin.

2.   That the consideration (other than rent) for the sale is wholly
     attributable to property which is not residential property and that the
     transaction effected by this instrument does not form part of a larger
     transaction or of a series of transactions in respect of which the amount
     or value or aggregate amount or value of the consideration (other than
     rent) which is attributable to property which is not residential property
     exceeds L50,000.00.

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3.   That Section 29 (Conveyance on Sale combined with Building Agreement for
     dwellinghouse/apartment) of the Stamp Duties Consolidation Act, 1999 does
     not apply to this instrument.

IN WITNESS WHEREOF the parties have duly executed this Assignment on the date
first written above.

                                    SCHEDULE

ALL THAT part of the ground floor of Wilson House, Fenian Street, Dublin 2 as is
more particularly described in and demised by a supplemental lease (the
"SUPPLEMENTAL LEASE") dated 11 June 1996(1) Dwale Limited (2) The HW Wilson
Company Inc. and coloured yellow on the map annexed thereto for identification
purposes only together with the right to the exclusive use of two car parking
spaces as designated from time to time by the landlord therein for use by the
tenant therein within the curtilage of Wilson House together with all necessary
rights of access thereto in common with all others entitled to such access and
where appropriate with the benefit of the rights mentioned in the lease (the
"HEAD LEASE") dated 29 October 1992(1) Dwale Limited(2) The HW Wilson Company
Inc. and the Supplemental Lease and where appropriate subject to the rights of
others mentioned in the Head Lease.

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SIGNED FOR AND ON BEHALF
of METACREATIONS INTERNATIONAL
LIMITED by its lawfully appointed Attorney
LISA DOYLE in the presence of:                    /s/ Lisa Doyle







PRESENT WHEN THE COMMON SEAL
of PIVOTAL TECHNOLOGIES CORPORATION
LIMITED was affixed hereto:                       _____________________________
                                                  Director



                                                  _____________________________
                                                  For Matsack Trust Limited
                                                  Secretary



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                                                DATED 12 JULY 2000






                                        (1) METACREATIONS INTERNATIONAL
                                                    LIMITED

                                      (2) PIVOTAL TECHNOLOGIES CORPORATION
                                                    LIMITED








                                     ---------------------------------------

                                       ASSIGNMENT OF GROUND FLOOR, WILSON
                                         HOUSE, FENIAN STREET, DUBLIN 2

                                     ---------------------------------------






                                             MATHESON ORMSBY PRENTICE
                                                30 HERBERT STREET
                                                     DUBLIN 2
                                                     IRELAND

                                               TEL + 353 1 619 9000
                                               FAX + 353 1 619 9010

<PAGE>   6

THIS SUB-LEASE dated the 22nd day September 1999

BETWEEN

(1)     THE H. W. WILSON COMPANY INC. having its principal office at 950
        University Avenue, Bronx, New York 10452, USA and with an address at
        Wilson House, Fenian Street in the City of Dublin (hereinafter called
        "the Landlord" which expression shall include whoever for the time being
        owns the interest in the property which gives the right to possession of
        it when this lease ends)

AND

(2)     METACREATIONS INTERNATIONAL LIMITED having its registered office at 2
        Harbourmaster Place, Custom House Dock, Dublin 1 (hereinafter referred
        to as "the Tenant" which expression shall include whoever for the time
        being is entitled to the property under this lease)

1       In this lease:

        1.1     Whenever there is more than one tenant, all their obligations
                can be enforced against all of the tenants jointly and against
                each individually;

        1.2     A reference to an Act of the Oireachtas refers to that Act as it
                applies at the date of this lease and any later amendment or
                re-enactment of it;

        1.3     "Interest" means the rate of interest defined as the prescribed
                rate in the Head Lease as hereinafter defined;

        1.4     Any obligation to pay money refers to a sum exclusive of value
                added tax ("VAT") and any VAT charged on it is payable in
                addition;


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2       "The Head Lease" means the lease dated 29th of October 1992 and made
        between Dwale Limited (the "Superior Landlord") of the one part and the
        Landlord of the other part together with "Supplemental Lease" (herein
        after separately called the Supplemental Lease) dated 11th June, 1996
        made between the same parties.

3       In exchange for the obligations undertaken by the Tenant:-

        3.1     The Landlord lets the property described below ("the Property")
                to the Tenant for the period commencing on the 22nd day of
                August 1999 and expiring on the 21st day of August 2001 (subject
                to the option to renew contained in clause 6.1 hereof) on the
                Tenant agreeing to pay (pound)76,420 a year ("the Basic Rent")
                and as further rent ("insurance rent") the entire of the sums
                the Landlord spends each year during the lease period as
                required by the Supplemental Lease to reimburse the Superior
                Landlord for the cost of insuring the Property.

        3.2     The Property is that part of the Ground Floor of Wilson House,
                Fenian Street, Dublin 2 as is more particularly described in and
                demised by the Supplemental Lease and coloured yellow on the map
                annexed hereto for identification purposes only together with
                the right to the exclusive use of two carparking spaces as
                designated from time to time by the Landlord for use by the
                Tenant within the cartilage of Wilson House together with all
                necessary rights of access thereto in common with all others
                entitled to such access and where appropriate with the benefit
                of the rights mentioned in the Head Lease and where appropriate
                subject to the rights of others mentioned in the Head Lease.

4       The Tenant agrees with the Landlord:-



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        4.1     To pay the Basic Rent by equal quarterly instalments in advance
                on the days appointed for payment of rent under the Head Lease
                in each year throughout the lease period (the first and last
                payments being proportionate sums if appropriate, the first
                payment being made on the date of this lease);

        4.2     To pay the insurance rent on the next quarter day after being
                notified of the amount of it.

        4.3     To pay the entire of the service charge payable by the Landlord
                under the Supplemental Lease. Each instalment is due as soon as
                the Landlord gives the Tenant notice, accompanied by reasonable
                evidence of the amount payable under the Supplemental Lease,
                provided always that it is hereby agreed and declared by between
                the parties hereto that the Tenant shall not be obliged to
                contribute towards the replacement or major repair of the
                exterior fabric of the building or the plant and machinery and
                the Tenant's liability hereunder shall be reduced accordingly
                where appropriate.

        4.4     Not to reduce any payment of rent by making any deduction from
                it or by setting any sum off against it.

        4.5     To pay and indemnify the Landlord against all existing and
                future rates, taxes, duties, charges, assessments, impositions
                and outgoings whatsoever (whether parliamentary, parochial,
                local or of any other description and whether or not of a
                capital or non-recurring nature or of a wholly novel character)
                which now are or may at any time during the term be charged,
                levied, assessed or imposed upon or payable in respect of the
                Property (including the car spaces) or upon the owner or



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        occupier of them (excluding any tax payable by the Landlord occasioned
        by any disposition of or dealing with the reversion of this Lease or any
        other Landlord's Capital Tax).

4.6     To pay Interest on any rent or other sum payable hereunder which is paid
        more than fourteen days after it falls due.

4.7     To comply with the obligations, so far as they relate to the Property,
        undertaken in the Head Lease by the person named in it as tenant, except
        the obligation to pay rent.

4.8     Not at any time to assign transfer underlet or part with or share the
        possession or occupation of the Property or any part thereof or suffer
        any person to occupy the Property or any part thereof as a licensee
        without the prior consent in writing of the Landlord and (without
        prejudice to the provisions of Clause 4.7 hereof and for the purposes of
        clarification only) by the Superior Landlord.

4.9     To pay the stamp duty payable on this lease and counterpart and any VAT
        payable on the granting of this lease.

4.10    The Tenant shall not knowingly do, omit, suffer or permit in relation to
        the Property any act or thing which would or might cause the Landlord to
        be in breach of the Head Lease or which if done, omitted or suffered or
        permitted by the Landlord would or might constitute a breach of the
        covenants on the part of the tenant and the conditions contained in the
        head Lease.


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        4.11    The Tenant shall permit the Landlord and all persons authorised
                by the Landlord (including agents, professional advisers,
                contractors, workmen and others) upon reasonable notice (except
                in the case of emergency) to enter upon the Property for any
                purpose which is necessary to enable the Landlord to comply with
                the covenants and the conditions contained in the Head Lease
                insofar as the Tenant does not expressly covenant to observe and
                perform the same or insofar as they relate to premises not
                hereby demised but otherwise contained in the Head Lease and the
                Landlord in so doing shall exercise all reasonable care.

5       The Landlord agrees with the Tenant:-

        5.1     So long as the Tenant does not contravene any term of this lease
                to allow the Tenant to exclusively possess and use the Property
                without interference from the Landlord, anyone who derives title
                from, or Trustee for, the Landlord or anyone from whom the
                Landlord derives title.

        5.2     To comply with its obligations where appropriate and pay the
                rents and other sums payable under the Head Lease promptly.

        5.3     To take all reasonable steps to enforce promptly the obligations
                undertaken by the Superior Landlord in the Head Lease including
                without prejudice to the generality of the foregoing to use all
                reasonable endeavours to procure the provision of the services
                by the Superior Landlord under the Head Lease and to procure
                evidence of the calculation of the Service Charge when
                requested.



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6       The parties agree:

        6.1     The Tenant, if it wishes to remain in occupation of the Property
                for a further one year at the expiration of the term herein,
                must, not less than six months prior to the expiration of the
                term herein, serve a notice in writing on the Landlord
                expressing its wish to remain in the Property for a further
                year. If the Landlord is agreeable, the Landlord shall notify
                the Tenant of its agreement to allow the Tenant to remain in
                occupation of the Property for one year after the expiration of
                the term subject to the same terms, covenants and conditions
                contained in this Sub-Lease save the option to renew herein. If
                the Landlord is not agreeable then the Landlord shall notify the
                Tenant that it is not prepared to allow the Tenant to remain in
                occupation after the expiration of the term herein and in such
                event the Tenant shall vacate the Property by the date of expiry
                of the term herein and in accordance with its obligations
                hereunder so to do.

        6.2     The Landlord is entitled to forfeit this Lease by entering any
                part of the Property whenever the Tenant:-

                6.2.1   is twenty one days late in paying any rent even if it
                        was not formally demanded; provided that Landlord has
                        given Tenant at least five days written notice with an
                        opportunity to cure;

                6.2.2   has not complied with any obligation in this Lease,
                        provided that Landlord has given Tenant at least five
                        days written notice with an opportunity to cure;

                6.2.3   when the Tenant being an individual is adjudicated
                        bankrupt or compounds or arranges with its creditors



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                6.2.4   when a company goes into liquidation unless that is
                        solely for the purpose of amalgamation or reconstruction
                        when solvent or it permits or suffers a receiver to be
                        appointed over its assets.

                The forfeiture of this Lease does not cancel any outstanding
                obligation which the Tenant owes the Landlord.

        6.3     During any period not exceeding three years when all or part of
                the Property cannot be put to its accustomed use because of
                damage to the Property or the Building or to its essential
                accesses from an insured risk as defined in the Head Lease the
                Basic Rent is to be cancelled or reduced as appropriate unless
                or to the extent that the insurers do not pay under the policy
                because of something done or not done by the Tenant. Any dispute
                whether and how this clause applies is to be referred to
                arbitration.

        6.4     Any disputed matter referred to arbitration under this lease is
                to be decided by arbitration under the Arbitration Acts 1954 to
                1980 by a single arbitrator appointed by the parties to the
                dispute. If they do not agree on that appointment the then
                President of the Incorporated Law Society of Ireland may appoint
                the arbitrator at the request of any party.

        6.5     Any notices requiring to be served on the Tenant hereunder shall
                be validly served if left addressed or sent by post to the
                Tenant (or if there shall be more than one of them to any one or
                more of them: at the Property or at the last known address or
                addresses of the Tenant or any of them in the Republic of
                Ireland and any notice required to be served on the Landlord
                shall be validly served if left or posted to the registered
                office of the Landlord and any such notice may be served by the



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        Landlord's servants and agents and be served on the Tenant's servants or
        agents.

IN WITNESS whereof the parties hereto have caused their Common Seals to be
affixed the day and year first herein written.


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<PAGE>   14


PRESENT when the Common Seal of the )
Landlord was affixed hereto:-       )


/s/ WILLIAM V. JOYCE, V.P.
-----------------------------------
William V. Joyce, V.P.



PRESENT when the Common Seal of the )
Tenant was affixed hereto:-         )



/s/ TERRY KINNINGER
-----------------------------------
Terry Kinninger, Director



/s/ JOHN HARTNETT
-----------------------------------
John Hartnett, Director



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                              [GROUND FLOOR PLAN]

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                      Dated the 22nd day of September 1999


                            THE H. W. WILSON COMPANY
                                      INC.

                                                                        One Part

                                    - AND -


                                 METACREATIONS
                             INTERNATIONAL LIMITED
                                                                      Other Part



                                   SUB-LEASE



                                   ARTHUR COX
                                   Solicitors
                                Earlsfort Centre
                               Earlsfort Terrace
                                    Dublin 2