Document:

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                                DEED OF LEASE

                                                          THIRD EDITION 1993(2)

DEED made the 3rd day of August 1999

LANDLORD  BOSWELL INTERNATIONAL MARINE (PTE) LIMITED

TENANT    FINANCIAL AUTOMATION LIMITED

THE LANDLORD leases to the Tenant and the Tenant takes on lease the premises
described in the First Schedule together with the right to use:

a) The Landlord's fixtures and fittings contained in the premises.

b) The common areas of the property.

c) The car parks described in the First Schedule.

FOR the term from the commencement date and at the annual rent (subject to
review if applicable) as set out in the First Schedule.

THE LANDLORD AND THE TENANT covenant as set out in the Second Schedule.

SIGNED by the Landlord BOSWELL INTERNATIONAL MARINE (PTE) LIMITED
(by affixing its
common seal)
in the presence of:           /s/ [ILLEGIBLE]

SIGNED by the Tenant FINANCIAL AUTOMATION LIMITED

in the presence of:          /s/ C. Acarram
                             Authorized Signatory

/s/ [ILLEGIBLE]

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                                        FIRST SCHEDULE

PREMISES:  Levels 2(2950.2 FEET SQUARED), 6 (2950.2 FEET SQUARED), 7 & 8
           (5,800.22 FEET SQUARED) a total area of 11,700.62 FEET SQUARED of the
           Landlord's land and building situated at 18 St Martins Lane,
           Auckland and contained in Certificate of Title 1506/26 (as outlined
           in red on the attached plan)

CARPARKS:  Sixteen (16) car parks

TERM:      Six (6) years

COMMENCEMENT DATE: 13 September 1999

FURTHER TERMS:      Two (2) terms of two (2) years each

RENEWAL DATES:      13 September 2005 and 13 September 2007 (if renewal
                    exercised)

FINAL EXPIRY DATE: 12 September 2009 (if renewals exercised)

<TABLE>
<S>                         <C>                                        <C>
ANNUAL RENT:                Premises rent:                             $131,536.00 pa plus GST
(Subject to review if       Sixteen (16) car parks @ $35.00 pw:        $29,120.00 pa plus GST
applicable)                 Annual Rent:                               $160,656.00 pa plus GST*

</TABLE>

* Pursuant to clause 1.2 the annual rental up to 12 September 2000 shall be
$144,491.00 pa plus GST. From 13 September 2000 the annual rental will be as
above.

MONTHLY PAYMENTS OF RENT:   Premises:     $10,961.34 plus GST
                            Car parks:    $2,426.67 plus GST
                            Total:        $13,388.00 plus GST

RENT PAYMENT DATES: The 1st day of each month commencing on the 1st day of
                    October 1999

REVIEW DATES:  13 September 2003, 13 September 2005 and 13 September 2007 (if
               renewal exercised)

PROPORTION OF OUTGOINGS:                   -45.08%
(Clause 3.1) Proportion of Lift expenses   -48.35%

DEFAULT INTEREST RATE: 12% per annum

BUSINESS USE:   General office and administration.

NAMING RIGHTS:  $4,000.00 pa plus GST commencing on the Rent Payment Date.
                Monthly payments will be $333.34 plus GST.

IMPROVEMENTS RENT PERCENTAGE: 15%
(Clause 23)

INSURANCE      -        Full replacement and reinstatement.

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                                    OUTGOINGS
                                    (CLAUSE 3)

1.  Rates or levies payable to any local or territorial authority.

2.  Charges for water gas electricity telephones and other utilities or
    services.

3.  Rubbish collection charges.

4.  New Zealand Fire Service charges and the maintenance charges in respect of
    all fire detection and fire fighting equipment.

5.  Such proportion of the Landlord's land tax as the value of the land
    forming part of the property bears to the total value of all land included
    in the Landlord's assessment for land tax.

6.  Insurance premiums and related valuation fees (Clause 9).

7.  Service contract charges for air conditioning, lifts and other building
    services.

8.  INTERIOR Cleaning maintenance and repair charges including charges for
    interior repainting, decorative repairs and the maintenance and repair of
    building services to the extent that such charges do not comprise part of
    the cost of a service maintenance contract, but excluding charges for
    structural repairs to the building INCLUDING MINOR REPAIRS TO THE ROOF.

9.  The provisioning of toilets and other shared facilities.

10. The cost of ground maintenance i.e. lawns, gardens and planted areas
    including plant hire and replacement.

11. Yard and carparking area maintenance and repair charges but excluding
    charges for structural repairs to the building.

12. The costs incurred and payable by the landlord in supplying to the
    territorial authority a building warrant of fitness and obtaining reports
    as required by Section 45 of the Building Act 1991.

13. SECURITY CONTRACT INCLUDING MONITORING FEES AND CALL OUT SERVICE.

14. THE COSTS ASSOCIATED WITH THE IMPLEMENTATION OF AND MAINTENANCE OF A
    HEALTH AND SAFETY SYSTEM FOR THE BUILDING.

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                                       SECOND SCHEDULE

TENANT'S PAYMENTS

RENT

1.1  THE Tenant shall pay the annual rent by equal monthly payments in advance
     (or as varied pursuant to any rent review) on the rent payment dates.
     The first monthly payment (together with rent calculated on a daily basis
     for any period from the commencement date of the term of the first rent
     payment date) shall be payable on the first rent payment date. All rent
     shall be paid without any deductions by direct payment to the Landlord by
     AUTOMATIC BANK PAYMENT AUTHORITY or as the Landlord may direct.

1.2 THE TENANT SHALL HAVE A RENT REDUCTION OF 50% ON THE ANNUAL RENTAL OF
    LEVEL 2 FOR ONE (1) YEAR SO THAT THE ANNUAL RENTAL PAYABLE UNTIL 12
    SEPTEMBER 2000 IS REDUCED BY $16,165.00.

RENT REVIEW

2.1 THE annual rent may be reviewed by the Landlord as follows:

    (a)  The Landlord shall commence a review by not earlier than three (3)
         months prior to a review date or at any time up to the next
         following review date giving written notice to the Tenant specifying
         the annual rent considered by the Landlord to be the current market
         rent as at that review date.

    (b)  If, by written notice to the Landlord within twenty-eight (28) days
         after receipt of the Landlord's notice, the Tenant disputes that the
         proposed new annual rent is the current market rent then the new rent
         shall be determined in accordance with clause 2.2 BUT the new rent
         shall not be less than the annual rent payable during the period of
         twelve (12) months immediately preceding the relevant review date.

    (c)  If the Tenant fails to give such notice (time being of the essence)
         the Tenant shall be deemed to have accepted the annual rent specified
         in the Landlord's notice.

    (d)  The annual rent so determined or accepted shall be the annual rent from
         the review date or the date of the Landlord's notice if such notice is
         given later than three (3) months after the review date.

    (e)  Pending the determination of the new rent, the Tenant shall pay the
         rent specified in the Landlord's notice provided that the rent is
         substantiated by a registered valuer's report. Upon determination of
         the new rent an appropriate adjustment shall be made.

    (f)  The rent review at the option of either party may be recorded in a
         Deed, the cost of which and the stamp duty thereon shall be payable by
         the Tenant.

2.2 IMMEDIATELY following receipt by the Landlord of the Tenant's notice the
    parties shall endeavour to agree upon the current market rent, but if
    agreement is not reached within fourteen (14) days then the new rent may be
    determined either:

    (a)  By one party giving written notice to the other requiring the new
         rent to be determined by arbitration, or

    (b)  If the parties so agree by registered valuers acting as experts and
         not as arbitrators as follows:

         (1)  Each party shall appoint a valuer and give written notice of
              the appointment to the other party within fourteen (14) days of
              the parties agreeing to so determine the new rent.

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         (2)  If the party receiving a notice fails to appoint a valuer
              within the fourteen (14) day period then the valuer appointed by
              the other party shall determine the new rent and such
              determination shall be binding on both parties.

         (3)  The valuers appointed before commencing their determination shall
              appoint an umpire who need not be a registered valuer.

         (4)  The valuers shall determine the current market rent of the
              premises and if they fail to agree then the rent shall be
              determined by the umpire.

         (5)  Each party shall be given the opportunity to make written or
              verbal representations to the valuers or the umpire subject to
              such reasonable time and other limits as the valuers or the
              umpire may prescribe and they shall have regard to any such
              representations but not be bound thereby.

     When the new rent has been determined the arbitrators or the valuers shall
     give written notice thereof to the parties. The notice shall provide as to
     how the costs of the determination shall be borne and such provision shall
     be binding on the parties.

OUTGOINGS

3.1  THE Tenant shall pay the outgoings in respect of the property which are
     specified in the First Schedule. Where any outgoing is not separately
     assessed or levied in respect of the premises then the Tenant shall pay
     such proportion thereof as specified in the First Schedule or if no
     proportion is specified then such fair proportion as shall be agreed or
     failing agreement determined by arbitration.

3.2  THE Landlord may vary the proportion of any outgoing to ensure that the
     tenant pays a fair proportion of the outgoing.

3.3  IF any outgoing is rendered necessary by another tenant of the property
     or that tenant's employees, contractors or invitees causing damage to the
     property or by another tenant failing to comply with that tenant's leasing
     obligations, then such outgoing shall not be payable by the Tenant.

3.4  THE outgoings shall be apportioned between the Landlord and the Tenant in
     respect of periods current at the commencement and termination of the term.

3.5  THE outgoings shall be payable on demand or if required by the Landlord
     by monthly instalments on each rent payment date of such reasonable amount
     as the Landlord shall determine calculated on an annual basis. Where any
     outgoing has not been taken into account in determining the monthly
     instalments it shall be payable on demand.

3.6  AFTER the 31st March in each year of the term or such other date in each
     year as the Landlord may specify, and after the end of the term, the
     Landlord shall supply to the Tenant reasonable details of the actual
     outgoings for the year or period then ended. Any over payment shall be
     credited or refunded to the Tenant and any deficiency shall be payable to
     the Landlord on demand.

3.7  THE Tenant's liability to pay outgoings during the term shall subsist
     notwithstanding the end or earlier termination of the term.

3.8  NOTWITHSTANDING any other provision in this lease, but with the exception
     of clause 18.2, the Tenant shall only be liable to pay the outgoings
     specified in the first schedule.

GOODS AND SERVICES TAX

4.1  THE Tenant shall pay to the Landlord or as the Landlord shall direct
     the Goods and Services Tax payable by the Landlord in respect of the rental
     and other payments payable by the Tenant hereunder.

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     The tax in respect to the rental shall be payable on each occasion when
     any rental payment falls due for payment and in respect of any other
     payment shall be payable upon demand.

4.2  IF the Tenant shall make default in payment of the rental or other
     moneys payable hereunder and the Landlord becomes liable to pay additional
     Goods and Services Tax then the Tenant shall on demand pay to the Landlord
     the additional tax.

INTEREST ON UNPAID MONEY

5.   IF the Tenant defaults in payment of the rent or other moneys payable
     hereunder for fourteen (14) days then the Tenant shall pay on demand
     interest at the default interest rate on the moneys unpaid from the due
     date for payment down to the date of payment.

COSTS

6.   THE Tenant shall pay the Landlord's solicitors costs of and incidental
to the stamp duty payable, and the Landlord's legal costs (as between
solicitor and client) of and incidental to the enforcement or attempted
enforcement of the Landlord's rights remedies and powers under this lease.
THE LANDLORD SHALL PAY $500 TOWARDS THE TENANT'S LEGAL COSTS IN RELATION TO
THE PREPARATION OF THIS LEASE.

INDEMNITY

7.   THE Tenant shall indemnify the Landlord against all damage or loss
     resulting from any act or omission on the part of the Tenant or the
     Tenant's employees contractors or invitees. The Tenant shall recompense
     the Landlord for all expenses incurred by the Landlord in making good
     any damage to the property resulting from any such act or omission. The
     Tenant shall be liable to indemnify only to the extent that the Landlord
     is not fully indemnified under any policy of insurance.

LANDLORD'S PAYMENTS

OUTGOINGS

8.   SUBJECT to the Tenant's compliance with the provisions of Clause 3 the
     Landlord shall pay all outgoings in respect of the property not payable by
     the Tenant direct. The Landlord shall be under no obligation to minimise
     any liability by paying any outgoing or tax prior to receiving payment
     from the Tenant.

INSURANCE

9.   THE Landlord shall at all times during the term keep and maintain any
     buildings on the property insured under a policy of the type shown in the
     First Schedule against loss damage or destruction by fire and such other
     risks as the Landlord may reasonably determine and such cover may extend
     to -

     (a)  a twelve (12) month indemnity in respect of consequential loss of
          rent,

     (b)  loss damage or destruction of windows and other glass and all the
          Landlord's fixtures fittings and chattels, and

     (c)  adequate public risk cover.

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MAINTENANCE AND CARE OF PREMISES

TENANT'S OBLIGATIONS

10.1    THE Tenant shall (subject to any maintenance covenant by the
        landlord) in a proper and workmanlike manner and to the reasonable
        requirements of the Landlord:

        (a)     MAINTAIN THE PREMISES
                Keep and maintain the interior of the premises including the
                Landlord's fixtures and fittings in the same clean order repair
                and condition as they were in at the commencement of this lease
                and will at the end or earlier determination of the term quietly
                yield up the same in the like clean order repair and condition.
                In each case the Tenant shall not be liable for fair wear and
                tear arising from reasonable use or damage by fire earthquake
                flood storm act of God inevitable accident or any risk against
                which the Landlord is insured unless the insurance moneys are
                rendered irrecoverable in consequences of any act or default of
                the Tenant or the Tenant's agents employees contractors or
                invitees.

        (b)     REPAIR MINOR BREAKAGES
                Repair all glass breakages and breakage or damage to all
                doors windows light fittings and power points of the premises
                and shall keep that portion of the electrical system of the
                premises from the switchboard to all power outlets in good
                operating condition. This provision shall apply notwithstanding
                any other provision in this lease.

        (c)     PAINTING
                Paint and decorate those parts of the interior of the
                premises which have previously been painted and decorated when
                the same reasonably require repainting and redecoration.

        (d)     FLOOR COVERINGS
                Keep all floor coverings in the premises clean and replace all
                worn or damaged floor coverings with floor coverings of similar
                quality when reasonably required by the Landlord.

        (e)     MAKE GOOD DEFECTS
                Make good any damage to the property caused by improper
                careless or abnormal use by the Tenant or those for whom the
                Tenant is responsible.

10.2    WHERE the Tenant is leasing all of the property the Tenant shall:

        (a)     MAINTAIN YARDS
                Keep and maintain any car parks pavings and other sealed or
                surfaced areas in good order and repair.

        (b)     CARE OF GROUNDS
                Keep any grounds yards and surfaced areas in a tidy condition
                and maintain any garden or lawn areas in a tidy and cared for
                condition.

        (c)     WATER AND DRAINAGE
                Keep and maintain the storm or waste water drainage system
                including downpipes and guttering clear and unobstructed.

        (d)     OTHER WORKS
                Carry out such works to the property as the Landlord may
                require in respect of which outgoings are payable by the Tenant.

10.3    THE Tenant shall not be liable for the maintenance or repair of any
        building service the subject of a service maintenance contract but this
        clause shall not release the Tenant from any obligation to pay for the
        cost of any such contract or charges in respect of any such maintenance
        or repair.

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10.4    WHERE the Tenant is obligated to make good damage to the property of
        the Landlord then the Landlord shall reimburse the Tenant for the cost
        of making good the damage to the extent of any insurance moneys
        receivable by the Landlord in respect of such damage.

TOILETS

11.     THE toilets sinks and drains shall be used for their designed
        purposes only and no substance or matter shall be deposited in them
        which could damage or block them.

RUBBISH REMOVAL

12.     THE Tenant shall regularly cause all rubbish and garbage to be
        removed from the premises and will keep any rubbish bins or containers
        in a tidy condition. The Tenant will also at the Tenant's own expense
        cause to be removed all trade waste boxes and other goods or rubbish not
        removable in the ordinary course by the local authority.

LANDLORD'S MAINTENANCE

13.1    THE Landlord shall keep and maintain THE BUILDING IN A WEATHER PROOF
        AND WATERTIGHT CONDITION AND SHALL KEEP AND MAINTAIN THE BUILDING AND
        the building services in good order and repair but the Landlord shall
        not be liable for any:

        (a)     Repair or maintenance which the Tenant is responsible to
                undertake; or

        (b)     Want of repair or defect in respect of building services so
                long as the Landlord is maintaining a service maintenance
                contract covering the work to be done; or

        (c)     Repair or maintenance which is not reasonably necessary for
                the Tenant's use and enjoyment of the premises.

        (d)     Loss suffered by the Tenant arising from any want of repair
                or defect unless the Landlord shall have received notice in
                writing thereof from the Tenant and shall not within a
                reasonable time thereafter have taken appropriate steps to
                remedy the same.

13.2    THE Landlord shall keep and maintain service maintenance contracts for
        lifts, airconditioning and at the Landlord's option any other
        building services unless it is the obligation of the Tenant to
        maintain such contracts.

NOTIFICATION OF DEFECTS

14.     THE Tenant shall give to the Landlord prompt notice of any accident
        to or defect in the premises of which the Tenant may be aware and in
        particular in relation to any pipes or fittings used in connection
        with the water electrical gas or drainage services.

LANDLORD'S RIGHT OF INSPECTION

15.     THE Landlord and the Landlord's employees contractors and invitees
        may at all reasonable times enter upon the premises to view their
        condition. If the Landlord shall give the Tenant written notice of any
        failure on the part of the Tenant to comply with any of the requirements
        of Clause 10 the Tenant shall with all reasonable speed so comply.

LANDLORD MAY REPAIR

16.     IF default shall be made by the Tenant in the due and punctual
        compliance with any repair notice given pursuant to the previous clause
        or in the event that any repairs for which the Tenant is responsible
        require to be undertaken as a matter of urgency then without prejudice
        to the Landlord's other rights and remedies expressed or implied the
        Landlord may be the Landlord's employees and contractors with all
        necessary equipment and material at all reasonable times enter upon the
        premises to execute such works. Any moneys expended by the Landlord in
        executing such works shall be payable by the Tenant to the

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        Landlord upon demand together with interest thereon at the default
        interest rate from the date of expenditure down to the date of payment.

ACCESS FOR REPAIRS

17.     THE Tenant shall permit the Landlord and the Landlord's employees and
        contractors at all reasonable times to enter the premises to carry out
        repairs to the premises or adjacent premises and to install inspect
        repair renew or replace any services where the same are not the
        responsibility of the Tenant all such repairs inspections and work to be
        carried out with the least possible inconvenience to the Tenant.

USE OF PREMISES

BUSINESS USE

18.1    THE Tenant shall not without the prior written consent of the
        Landlord use or permit the whole or any part of the premises to be used
        for any use other than the business use. The Landlord's consent shall
        not be unreasonably or arbitrarily withheld in respect of any proposed
        use.

        (a)    not in substantial competition with the business of any other
               occupant of the property which might be affected by the use

        (b)    reasonably suitable for the premises and

        (c)    conforming with all town planning ordinances, provisions and
               consents.

        If any change in use renders any increased or extra premium payable
        in respect of any policy or policies of insurance on the premises the
        Landlord as a condition of granting consent may require the Tenant to
        pay the increased or extra premium.

18.2    IF any change in use requires compliance with Section 46 of the
        Building Act 1991 the Landlord, as a condition of granting consent, may
        require the Tenant to comply with Section 46 of the Act and to pay all
        compliance costs.

18.3    IF the premises are a retail shop the Tenant shall keep the premises
        open for business during usual trading hours and fully stocked with
        appropriate merchandise for the efficient conduct of the Tenant's
        business.

LEASE OF PREMISES ONLY

19.     THE tenancy shall relate only to the premises and the Landlord shall
        at all times be entitled to use occupy and deal with the remainder of
        the property without reference to the Tenant and the Tenant shall have
        no rights in relation thereto other than the rights of use herein
        provided.

NEGLECT OF OTHER TENANT

20.     THE Landlord shall not be responsible to the Tenant for any act of
        default or neglect of any other tenant of the property.

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ADDITIONS AND ALTERATIONS

22.1     THE Tenant shall neither make nor allow to be made any alterations
         or additions to any part of the premises without first producing to
         the Landlord on every occasion plans and specifications and
         obtaining the written consent of the Landlord (not to be unreasonably
         or arbitrarily withheld) for that purpose. If the Landlord shall
         authorise any alterations or additions the Tenant will at the
         Tenant's own expense if required by the Landlord at the end of the
         term reinstate the premises. The Tenant will promptly discharge and
         procure the withdrawal of any liens of charges of which notice may
         be given to the Tenant or the Landlord in respect of any work
         carried out by the Tenant.

22.2     THE Tenant, when undertaking any "building work" to the premises (as
         that term is defined in the Building Act 1991), shall comply with
         all statutory requirements including the obtaining of building
         consents and code compliance certificates pursuant to that Act.

COMPLIANCE WITH STATUTES AND REGULATIONS

23.1     THE Tenant shall comply with the provisions of all statutes,
         ordinances, regulations and by-laws relating to the use of the
         premises by the Tenant or other occupant and will also comply with
         the provisions of all licences, requisitions and notices issued by
         any competent authority in respect of the premises or their use by
         the Tenant or other occupant PROVIDED THAT:

         (a)   The Tenant shall not be required to make any structural
               repairs or alterations other than those required by reason of
               the particular nature of the business carried on by the Tenant
               or other occupant of the premises or the number or sex of
               persons employed on the premises.

         (b)   The Tenant shall not be liable to discharge the Landlord's
               obligations as owner under the Building Act 1991 unless any
               particular obligation is the responsibility of the Tenant as
               an occupier of the premises.

23.2     If the Landlord is obliged by any such legislation or requirement to
         expend moneys on any improvement addition or alteration to the
         premises then the Landlord shall be entitled to charge in addition
         to the rent an annual sum equal to the Improvements Rent Percentage
         of the amount so expended by the Landlord and the monthly payments
         of rent shall increase accordingly from the first day of the month
         in which such improvement addition or alteration is completed. If
         the Landlord would be obliged to expend an unreasonable amount then
         the Landlord may determine this lease and any dispute as to whether
         or not the amount is unreasonable shall be determined by
         arbitration.

NO NOXIOUS USE

24.      THE Tenant shall not

         (a)   bring upon or store within the premises nor allow to be
               brought upon or stored within the premises any machinery goods
               or things of an offensive noxious illegal or dangerous nature,
               or of such weight size or shape as is likely to cause damage
               to the building or any surfaced area,

         (b)   use the premises or allow them to be used for any noisome
               noxious illegal or offensive trade or business, or

         (c)   allow any act or thing to be done which may be or grow to be
               nuisance disturbance or annoyance to the Landlord, other
               tenants of the property, or any other person, and generally
               the Tenant shall conduct the Tenant's business upon the
               premises in a clean quiet and orderly manner free from damage
               nuisance disturbance or annoyance to any such persons but the
               carrying on by the Tenant in a reasonable manner of the
               business use or any use to which the Landlord has consented
               shall be deemed not to be a breach of this clause.

TENANT NOT TO VOID INSURANCES

25.      THE Tenant shall not carry on or allow upon the premises any trade
         or occupation or allow to be done any act or thing which

<PAGE>

         (a)   shall make void or voidable any policy of insurance on
               the property or

         (b)   may render any increased or extra premium payable for
               any policy of insurance except where in circumstances in which
               any increased premium is payable the Tenant shall have first
               obtained the consent of the insurer of the premises and the
               Landlord and made payment to the insurer of the amount of any
               such increased or extra premium as may be payable but the
               carrying on by the Tenant in a reasonable manner of the
               business use or of any use to which the Landlord has consented
               shall be deemed not to be a breach of this clause.

         In any case where in breach of this clause the Tenant has rendered
         any insurance less effective or void and the Landlord has suffered
         loss or damage thereby the Tenant shall forthwith compensate the
         Landlord in full for such loss or damage.

DAMAGE TO OR DESTRUCTION OF PREMISES

TOTAL DESTRUCTION

26.      IF the premises or any portion of the building of which the premises
         may form part shall be destroyed or so damaged

         (a)   as to render the premises untenantable then the term shall
               at once terminate or

         (b)   in the reasonable opinion of the Landlord as to require
               demolition or reconstruction, then the Landlord may within
               three (3) months of the date of damage or destruction give the
               Tenant one (1) months written notice to terminate and a fair
               proportion of the rent and outgoings shall cease to be
               payable according to the nature and extent of the damage.

         Any termination pursuant to this clause shall be without prejudice
         to the rights of either party against the other.

PARTIAL DESTRUCTION

27.1     IF the premises or any portion of the building of which the premises
         may form part shall be damaged but not so as to render the premises
         untenantable and

         (a)   the Landlord's policy or policies of insurance shall not have
               been invalidated or payment of the policy moneys refused in
               consequence of some act or default of the Tenant and

         (b)   all the necessary permits and consents shall be obtainable,

         THEN the Landlord shall with all reasonable speed expend all the
         insurance moneys received by the Landlord in respect of such damage
         towards repairing such damage or reinstating the premises and/or the
         building but the Landlord shall not be liable to expend any sum of
         money greater than the amount of the insurance money received.

27.2     Any repair or reinstatement may be carried out by the Landlord using
         such materials and form of construction and according to such plan
         as the Landlord thinks fit and shall be sufficient so long as it is
         reasonably adequate for the Tenant's occupation and use of the
         premises.

27.3     Until the completion of the repairs or reinstatement a fair
         proportion of the rent and outgoings shall cease to be payable
         according to the nature and extent of the damage.

27.4     If any necessary permit or consent shall not be obtainable or the
         insurance moneys received by the Landlord shall be inadequate for
         the repair or reinstatement then the term shall at once terminate
         but without prejudice to the rights of either party against the
         other.

<PAGE>

DEFAULT
DISTRESS

28.      THE Landlord may distrain for rent or other moneys payable under
         this lease remaining unpaid fourteen (14) days after due date.

RE-ENTRY

29.      THE Landlord may re-enter the premises at the time or at any time
         thereafter

         (a)   if the rent shall be in arrear fourteen (14) days after any of
               the rent payment dates,

         (b)   in case of breach by the Tenant of any covenant or agreement on
               the Tenant's part herein expressed or implied,

         (c)   if the Tenant shall make or enter into or endeavor to make or
               enter into any composition assignment or other arrangement
               with or for the benefit of the Tenant's creditors,

         (d)   in the event of the insolvency bankruptcy or liquidation of
               the Tenant,

         (e)   if the Tenant shall suffer distress or execution to issue
               against the Tenant's property goods or effects under any
               judgment against the Tenant in any Court for a sum in excess
               of five thousand dollars ($5000.00)

         and the term shall terminate on such re-entry but without prejudice
         to the rights of either party against the other.

LOSS ON RE-ENTRY

30.      UPON re-entry the Landlord may remove from the premises any chattels
         in the apparent possession of the Tenant and place them outside the
         premises and the Landlord shall not be answerable for any loss
         resulting from the exercise of the power of re-entry.

ESSENTIALITY OF PAYMENTS

31.1     FAILURE to pay rent or other moneys payable hereunder on the due
         date shall be a breach going to the essence of the Tenant's
         obligations under the Lease. The Tenant shall compensate the
         Landlord and the Landlord shall be entitled to recover damages from
         the Tenant for such breach. Such entitlement shall subsist
         notwithstanding any determination of the lease and shall be in
         addition to any other right or remedy which the Landlord may have.

31.2     THE acceptance by the landlord of arrears of rent or other moneys
         shall not constitute a waiver of the essentiality of the Tenant's
         continuing obligation to pay rent and other moneys.

REPUDIATION

32.      THE Tenant shall compensate the Landlord and the Landlord shall be
         entitled to recover damages for any loss or damage suffered by
         reason of any acts or omissions of the Tenant constituting a
         repudiation of the lease or the Tenant's obligations under the
         lease. Such entitlement shall subsist notwithstanding any
         determination of the lease and shall be in addition to any other
         right or remedy which the Landlord may have.

REMOVAL OF TENANTS FIXTURES

33.      THE Tenant not being in breach may at any time before and will if
         required by the Landlord at the end or earlier termination of the
         term remove all the Tenant's fixtures and fittings and make good at
         the

<PAGE>

      Tenant's own expense all resulting damage and if not removed within
      seven (7) days of the Landlord's request ownership of the Tenant's
      fixtures and fittings passes to the Landlord.

QUIET ENJOYMENT

34.   THE Tenant paying the rent and performing and observing all the
      covenants and agreements herein expressed and implied shall quietly hold
      and enjoy the premises throughout the term without any interruption by
      the Landlord or any person claiming under the Landlord.

RENEWAL OF TERM

35.   IF the Tenant has not been in breach of this lease and has given to the
      Landlord written notice to renew the lease at least three (3) calendar
      months before the end of the term then the Landlord will at the cost
      of the Tenant renew the lease for the new further term from the renewal
      date as follows:

      (a)  The annual rent shall be agreed upon or failing agreement shall be
           determined in accordance with clause 2.2 but such annual rent shall
           not be less than the rent payable during the period of twelve (12)
           months immediately preceding the renewal date.

      (b)  Such annual rent shall be subject to review during the further term
           on the review dates or if no dates are specified then after the
           lapse of the equivalent periods of time as are provided herein for
           rent reviews.

      (c)  The renewed lease shall otherwise be upon and subject to the
           covenants and agreements herein expressed and implied except that
           the term of this lease plus all further terms shall expire on or
           before the final expiry date.

      (d)  Pending the determination of the renewal rent the Tenant shall pay
           the rent proposed by the Landlord provided that the rent is
           substantiated by a registered valuer's report. Upon determination
           an appropriate adjustment shall be made.

      (e)  THE TENANT SHALL BE ENTITLED TO RENEW IN RESPECT OF ANY OR ALL FOUR
           LEVELS. IN THE EVENT OF PARTIAL RENEWAL, THE RENTAL SHALL ABATE ON
           A PRO RATA BASIS, BASED ON THE FLOOR AREAS AND THE LANDLORD AND
           TENANT WILL ENTER INTO A DEED OF VARIATION OF LEASE TO RECORD THE
           CHANGE IN RENTAL AND FLOOR AREA.

ASSIGNMENT OR SUBLETTING

36.1  THE Tenant shall not assign sublet or otherwise part with the
      possession of the premises or any part thereof without first obtaining
      the written consent of the Landlord which the Landlord shall give if the
      following conditions are fulfilled:

      (a)  The Tenant proves to the satisfaction of the Landlord that the
           proposed assignee or subtenant is (or in the case of a company the
           shareholders of the proposed assignee or subtenant are) respectable
           responsible and has the financial resources to meet the Tenant's
           commitments under this lease.

      (b)  All rent and other moneys payable have been paid and there is not
           any subsisting breach of any of the Tenant's covenants.

      (c)  In the case of an assignment a deed of covenant in customary form
           approved or prepared by the Landlord is duly executed and delivered
           to the Landlord.

      (d)  In the case of an assignment to a company (other than a listed
           public company) a deed of guarantee in customary form approved or
           prepared by the Landlord is duly executed by the principal
           shareholders of that company and (if required by the Landlord) by the
           Directors and delivered to the Landlord.

<PAGE>

      (e)  The Tenant pays the Landlord's proper costs and disbursements in
           respect of the approval or preparation and stamping of any deed of
           covenant of guarantee and (if appropriate) all fees and charges
           payable in respect of any reasonable enquires made by or on behalf
           of the Landlord concerning any proposed assignee subtenant or
           guarantor.

36.2  WHERE the Landlord consents to a subletting the consent shall extend
      only to the subletting and notwithstanding anything contained or implied
      in the sublease the consent shall not permit any subtenant to deal with
      the sublease in any way in which the Tenant is restrained from dealing
      without consent.

36.3  ANY assignment or subletting of the type or in the manner referred to in
      Section 109(2) of the Property Law Act 1952 shall be a breach of the
      provisions of this lease.

36.4  WHERE any Tenant is an unlisted company then any change in the legal or
      beneficial ownership of any of its shares or issue of new capital
      whereby in either case there is a change in the effective management or
      control of the company is deemed to be an assignment of this lease.

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GENERAL

HOLDING OVER

38.   IF the Landlord permits the Tenant to remain in occupation of the
      premises after the expiration or sooner determination of the term,
      such occupation shall be a monthly tenancy only terminable by
      one month's written notice at the rent then payable and otherwise
      on the same covenants and agreements (so far as applicable to a
      monthly tenancy) as herein expressed or implied.

ACCESS FOR RE-LETTING

39.   THE Tenant will at all reasonable times during the period of three
      months immediately preceding expiration of the term permit intending
      tenants and others with written authority from the Landlord or the
      Landlord's agents at all reasonable times to view the premises.

SUITABILITY

40.   NO warranty or representation expressed or implied has been or is
      made by the Landlord that the premises are now suitable or will
      remain suitable or adequate for use by the Tenant or that any use
      of the premises by the Tenant will comply with the by-laws or
      ordinances or other requirements of any authority having jurisdiction.

WAIVER

41.   NO waiver or failure to act by the Landlord in respect of any breach by
      the Tenant shall operate as a waiver of another breach.

LAND TRANSFER TITLE OR MORTGAGEE'S CONSENT

42.   THE Landlord shall not be required to do any act or thing to enable this
      lease to be registered or be required to obtain the consent of any
      mortgagee of the premises to this lease and the Tenant will not register
      a caveat in respect of the Tenant's interest hereunder.

NOTICE

43.   SUBJECT to the provisions of the Property Law Act 1952 any notice to be
      given to the Landlord or the Tenant hereunder shall be deemed
      sufficiently served if

      (a) sent by registered post to the addressee's last known address in New
          Zealand, or

      (b) in the case of a body corporate sent to its registered office, or

      (c) if there is not last known address or registered office, placed
          conspicuously on any part of the premises.

      Any notice so posted or placed shall be deemed to have been served on
      the day following the posting or placing thereof. Anything served or
      given by the Landlord shall be valid if served or given under the
      hand of the Managing Director, General Manager, Secretary or a director
      or other authorised representative of the Landlord.

ARBITRATION

44.1.  UNLESS any dispute or difference is resolved by mediation or other
       agreement, the same shall be submitted to the arbitration of one
       arbitrator who shall conduct the arbitral proceedings in accordance
       with the Arbitration Act 1996 and any amendment thereof or any other
       statutory provision then relating to arbitration.

44.2   IF the parties are unable to agree on the arbitrator, an arbitrator
       shall be appointed, upon request of any party, by the President or
       Vice President for the time being of the District Law Society of the
       district
<PAGE>

       with in which the premises are situated. That appointment shall be
       binding on all parties to the arbitration and shall be subject to
       no appeal. The provisions of Article 11 of the First Schedule of
       the Arbitration Act 1996 are to be read subject hereto and
       varied accordingly.

44.3   THE procedures prescribed in this clause shall not prevent the
       Landlord from taking proceedings for the recovery of any rent
       or other monies payable hereunder which remain unpaid or from
       exercising the rights and remedies in the event of such default
       prescribed in clauses 28 and 29 hereof.

INTERPRETATION

45     IN this lease

       (a)  "the Landlord" and the "the Tenant" means where appropriate
            the executors, administrators, successors and permitted
            assigns of the Landlord and the Tenant

       (b)  "the property" and the "the building" mean the land and
            building(s) of the Landlord which comprise or contain the
            premises. Where the premises are part of a unit title
            development the words "the property" mean the land and
            building(s) comprised in the development.

       (c)  "the common areas" means those parts of the property the use
            of which is necessary for the enjoyment of the premises and
            which is shared with other tenants and occupiers.

       (d)  Whenever words appear in this lease that also appear in the
            First Schedule then those words shall mean and include the
            details supplied after them in the First Schedule.

       (e)  Where the context requires or admits, words importing the
            singular shall import the plural and vice versa.

46.    NAMING RIGHTS

1      THE LANDLORD GRANTS TO THE TENANT THE EXCLUSIVE RIGHT TO NAME THE
       BUILDING THROUGHOUT THE TERM SUBJECT TO TERMINATION OF THIS RIGHT
       IN ACCORDANCE WITH POINT 9.

2      ANY NAME CHOSEN FOR THE BUILDING BY THE TENANT IS SUBJECT TO APPROVAL
       BY THE LANDLORD BUT THIS APPROVAL WILL NOT BE UNREASONABLY WITHHELD
       OR DELAYED IN RESPECT OF A NAME WHICH IS APPROPRIATE TO THE IDENTITY
       OF THE BUSINESS OF THE TENANT AND WHICH IS NOT OFFENSIVE OR DETRIMENTAL
       TO THE LANDLORD OR LIKELY TO CAUSE EMBARRASSMENT TO THE LANDLORD.
       HOWEVER IN ANY EVENT THE TENANT MUST COMPLY WITH ALL TERRITORIAL
       AUTHORITY REQUIREMENTS RELATING TO THE NAME AND ALL SIGNAGE ON WHICH
       IT IS PLACED.

3      ANY SIGN WHICH THE TENANT WISHES TO ERECT ON THE BUILDING TO DISPLAY
       THE NAME SIGN OR SIGNS SHALL BE OF A SIZE AND IN THE STYLE AND IN A
       LOCATION APPROPRIATE TO THE SIZE OF THE BUILDING AND MUST BE APPROVED
       BY THE LANDLORD. FROM TIME TO TIME THE TENANT MAY CHANGE THE STYLE
       AND/OR LOCATION OF SUCH SIGNS WITH THE PRIOR WRITTEN APPROVAL OF
       THE LANDLORD WHICH APPROVAL WILL NOT BE UNREASONABLY WITHHELD OR
       DELAYED.

4      THE NAMING RIGHTS FEE AS SET OUT IN THE FIRST SCHEDULE SHALL BE
       REVIEWED ON EACH DATE THAT THE RENT IS REVIEWED ("REVIEW DATE") IN
       ACCORDANCE WITH 2.1 OF THIS LEASE ADJUSTED AS NECESSARY TO IN ORDER
       TO CALCULATE THE CURRENT MARKET RENT FOR THE RIGHTS.

5      THE TENANT SHALL KEEP ANY SUCH SIGN OR SIGNS IN GOOD ORDER REPAIR AND
       CONDITION AND SHALL AT ALL TIMES COMPLY WITH ALL STATUTES, ORDINANCES,
       REGULATIONS, BY-LAWS OR OTHER ENACTMENTS OR NOTICES OR ORDERS WHICH MAY
       BE GIVEN BY ANY AUTHORITY AFFECTING OR RELATING TO SUCH SIGNS AND WILL
       KEEP THE LANDLORD INDEMNIFIED IN RESPECT OF ANY NON-COMPLIANCE.

6      AT OR PRIOR TO THE EXPIRATION OF THE TERM THE TENANT SHALL REMOVE ALL
       SIGNS ERECTED OR DISPLAYED ON ANY PART OF THE INTERIOR OR EXTERIOR
       OF THE BUILDING AND WILL MAKE GOOD ALL DAMAGE TO THE BUILDING CAUSED
       BY SUCH REMOVAL. IF THE TENANT SHALL NOT HAVE EFFECTED SUCH REMOVAL
       AND MAKING GOOD ON THE EXPIRATION OF THE TERM THEN THE LANDLORD MAY
       REMOVE SUCH SIGNS AS THE TENANT SHALL HAVE FAILED TO

<PAGE>

       REMOVE AND THE TENANT SHALL PAY ON DEMAND ALL COSTS AND EXPENSES
       INCURRED BY THE LANDLORD IN SO DOING.

7      IT IS ACKNOWLEDGED THAT ANY SIGNS BY THE TENANT ARE ERECTED AT THE
       RISK OF THE TENANT IN ALL RESPECTS AND THAT THE TENANT SHALL BE
       RESPONSIBLE FOR ALL MAINTENANCE AND SERVICING OF THEM.

8      THE TENANT WILL INDEMNIFY AND KEEP INDEMNIFIED THE LANDLORD AGAINST
       ALL ACTIONS, CLAIMS, DEMANDS, LOSSES, DAMAGES, COSTS AND EXPENSES FOR
       WHICH THE LANDLORD SHALL OR MAY BECOME LIABLE IN RESPECT OF OR
       ARISING FROM THIS NAMING RIGHT.

9      THIS NAMING RIGHT SHALL TERMINATE ON THE EARLIER OF THE DATE OF
       TERMINATION OF THIS LEASE OR UPON THE TENANT CEASING TO BE THE
       TENANT IN OCCUPATION OF THE BUILDING PROVIDED HOWEVER THAT THE
       TENANT SHALL BE ENTITLED TO RENEW THE LEASE IN TERMS OF CLAUSE 35
       HEREOF BUT NOT THE NAMING RIGHTS GRANTED HEREIN.

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                                  OFFICE LEASE

       THIS LEASE, made as of the 24 day of December, 1986, between Office City,
Inc., 209 East State Street, Columbus, Ohio 43215, an Ohio corporation
hereinafter called the Landlord, and World Financial Network, Inc., a Delaware
corporation, whose address is in care of The Limited, Inc., P.0. Box 16000, 2
Limited Parkway, Columbus, Ohio 43216, hereinafter called the Tenant,

                                   WITNESSETH:

       1. GRANT. Landlord's obligations hereunder are contingent upon its
obtaining both a cancellation of the existing lease for the premises with F.W.
Woolworth Co. and the approval of Equitable Life Insurance Co., the mortgagee of
the premises, to a termination of the existing Lease and substitution of the
within Lease as substituted collateral security for the mortgage loan. Subject
to Landlord's satisfying the foregoing contingencies, Landlord hereby leases to
the Tenant, and the Tenant hereby hires and rents from the Landlord the
following described building at 4590 East Broad Street, Columbus, Ohio 43218,
and being more particularly described as follows:

              BEING the building formerly occupied by Woolco, containing
       approximately 103,161 square feet, more or less, on the first floor of
       said building, plus mezzanine (as outlined in red on Exhibit A),
       together with a non-exclusive right to use the "Common Areas" of
       Landlord's shopping center known as "Airport Commerce Park" in which the
       building is located, hereinafter referred to as "premises".

       As used herein, "Common Areas" include the parking areas, driveways,
service driveways, service areas, sidewalks, any landscaped areas, shopping
center sign, and parking lot lighting poles and light fixtures of the shopping
center which are collectively referred to as Common Areas.

                                       1
<PAGE>

       Landlord shall maintain the Common Areas which shall remain under
Landlord's control and be subject to rearrangement, enlargement or diminution
and to such reasonable rules and regulations as are prescribed by Landlord from
time to time. Tenant, and any employees or agents, shall not fence, block, allow
property to remain in or upon or otherwise obstruct the Common Areas.

       Landlord agrees that at all times during the term of this Lease, roadways
and passageways shall be provided for the passage of Tenant's customers by motor
vehicle and on foot between the premises, parking areas, and the public streets,
and highways adjoining the shopping center.

       Landlord has previously constructed paved, black-topped parking areas
with painted lines as shown on Exhibit A, sized to accommodate a minimum of 5
standard sized U.S. automobiles for each 1,000 square feet of gross leasable
area within the shopping center which Landlord shall maintain in good condition.

       2. USE. The Tenant agrees to use the premises solely for its office and
administrative purposes and related uses, and for no other purpose without
Landlord's prior written consent.

       3. TERM. The term of this Lease is one (1) year beginning on the 1st day
of February, 1987, and ending on the last day of January, 1988, unless
terminated earlier, as hereinafter provided, or extended, at the option of
Tenant, for three 1-year renewal periods, as permitted by Section 9, infra.

       4. RENT AND CHARGES. As used herein, "Lease Year" shall mean the first 12
months of the term hereof and each successive 12 month period thereafter. Rent
shall commence ninety (90) days after the date Landlord delivers possession of
the premises to the Tenant with all Landlord's work completed*

       Without deduction or demand, Tenant will pay Landlord at 209 East State
Street, Columbus, Ohio 43215, or to such

                                       2

*      or the date Tenant substantially completes Tenant's work and improvements
       in the premises, whichever date is earlier.

<PAGE>

other person or at such other place as the Landlord may designate in writing:

       A. Rent: Tenant shall pay Landlord as rent the sum of Three Hundred Nine
Thousand Four Hundred Eighty Three and no/100 Dollars ($309,483.00) per annum
which shall be paid in equal monthly installments, in advance on the first day
of each and every month, in the amount of Twenty Five Thousand Seven Hundred
Ninety and 25/100 Dollars ($25,790.25) each.

       B. Tenant's Share of Costs and Expenses: Tenant's share of the applicable
Common Area Charge, insurance and real estate taxes and assessments shall be
determined by multiplying the charges, costs or expenses by a fraction, the
numerator of which is the number of square feet in the premises and the
denominator of which is the total square feet of gross leasable storeroom area
in the shopping center (being the area outlined in green on Exhibit A), but
excluding free-standing, single use buildings the tenants of which maintain the
buildings and pay the real estate taxes attributable thereto. Unless otherwise
stated herein, the calendar year shall be the period of time for which the
applicable costs and expenses shall be determined. If the Commencement Date or
date of termination is other than on the first or last day of the year, then the
Tenant's share for such first or last day of the year shall be apportioned and
adjusted based on the number of days of the term which fall within that calendar
year.

       C. Common Area Charge: Throughout the term of this Lease, Tenant shall
pay to Landlord, as a "Common Area Charge", Tenant's share of all costs and
expenses of every kind and nature paid or incurred by Landlord in (a) operating,
maintaining, refurbishing, replacing, improving, repairing and lighting the
Common Areas located in the shopping center which are available for use in
common by occupants of the shopping center and/or their customers and invitees,
(b) operating, maintaining, refurbishing,

                                       3
<PAGE>

repairing, replacing (the yearly depreciation for any replacement costs shall
be chargeable to tenants), improving and lighting the service areas,
garbage and refuse disposal facilities, shopping center maintenance and storage
room, loading area and all other areas and facilities located in the shopping
center which are used in the maintenance and operation of the shopping center,
(c) operating, maintaining, repairing, replacing (the yearly depreciation for
any replacement costs shall be chargeable to tenants) and improving the shopping
center signs and (d) providing security and on- and off-site traffic control.
Such expenses shall include, but not be limited to costs of on-site management
and supervision, cleaning, refurbishing, repairing, maintaining, replacing (the
yearly depreciation for any replacement costs shall be chargeable to tenants)
and improving (but less the amount of any insurance proceeds, or condemnation
awards), lighting, snow and ice removal and control, line painting, landscaping,
providing security, providing public liability, property damage, fire and
extended coverage on the common facilities and such other insurance as Landlord
deems appropriate, total compensation and benefits (including premiums for
worker's compensation and other insurance) paid to or on behalf of on-site
employees; personal property taxes; supplies, fire protection and fire hydrant
charges; water and sewer charges, utility charges, licenses and permit fees;
parking area surcharges or levies, reasonable depreciation of equipment used in
operating, maintaining, refurbishing, repairing, replacing and improving the
Common Areas and service areas and rent paid for the leasing of any such
equipment, and administrative charges equal to fifteen percent (15%) of the
total of all the foregoing items for Landlord's overhead expenses in
administrating the Common Areas and facilities and service areas. Provided
however, that as to the replacement or installation of capital items in or on
the

                                        4
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common and service areas or of the common facilities, the actual costs and
expenses thereof will be amortized over a five year period following such
replacement or installation, except if Landlord is required under generally
accepted accounting principles to depreciate any such capital items over a
period longer than 5 years in which case such longer period shall be used for
the purposes of this Section.

       Notwithstanding that which is contained in the Lease to the contrary,
Landlord's costs for purposes of computing Tenant's Common Area Charge shall
expressly exclude (i) wages, salaries, fees and fringe benefits paid to
administrative or executive personnel or officers or partners of Landlord; (ii)
any charge for depreciation of the shopping center buildings and any interest or
other financing charge for the same; (iii) any charge for Landlord's income
taxes, excess profit taxes, franchise taxes; (iv) all costs relating to
activities for the solicitation of and execution of leases of other space in the
shopping center; (v) the cost of any electric current furnished to any other
leasable area of the shopping center; (vi) the cost of correcting defects in the
original construction of the shopping center; and (vii) to the extent paid for
by insurance, the cost of any repair made by Landlord because of the total or
partial destruction of the Common Areas subsequent to the date of original
construction.

       Landlord's books and records compiled with respect to Landlord's Common
Area expenses shall be subject to audit by Tenant. Landlord shall maintain
accurate books and records in accordance with generally accepted accounting
principles (except that the cash basis instead of accrual basis may be used)
for not less than 2 years. Should such an audit indicate that the cost of
operating and maintaining the Common Areas has been overstated by more than 3%
of the actual cost of operating and maintaining said Common Areas (including any
adjustments required to be made under the

                                       5
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Lease) then the Landlord shall be obligated to pay to Tenant the reasonable cost
of such audit together with interest on Tenant's overpayment at the rate of 12%
per annum from the date found to be due until paid. In any event Landlord shall
promptly repay any amount owing to Tenant as a result of an overstatement.

       The estimated amount of Tenant's Common Area Charge shall be paid in
monthly installments in advance on the first day of each month in the amount
of $3,008.86. Following the close of Landlord's annual accounting period,
Landlord shall furnish to Tenant a detailed by categories statement of the
actual amount of Tenant's Common Area Charge for such period. If the actual
amount of Tenant's Common Area Charge is less than the total amount
theretofore paid by Tenant for such period, the excess shall be credited
against Tenant's next succeeding payment(s). If the actual amount of Tenant's
Common Area Charge shall exceed the total amount theretofore paid by Tenant
for such period, Tenant shall pay to Landlord, within fifteen (15) days
following receipt of Landlord's statement, the amount shown as due thereon.

       D. Taxes and Assessments:

       1. Real Estate Taxes and Assessments: Tenant agrees to reimburse Landlord
for Tenant's share of all real estate taxes and assessments, both general and
special, which may be levied or assessed by the lawful taxing authorities
against the land, buildings and all other improvements of the shopping center
and which become due and payable during the term of this Lease. Tenant shall pay
to Landlord monthly, in advance, on the first day of each month the amount of
$3,008.86 for the estimated Tenant's share of taxes. All real estate taxes and
assessments which become due and payable in the years in which this Lease
commences or terminates shall be apportioned and adjusted pro-rata. Tenant's
share of taxes shall be based on the most recently available tax rate and
valuation. If the actual amount of

                                       6
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Tenant's share of taxes with respect to any tax year, once determined, is less
than the total amount theretofore paid by Tenant for such period, the excess
shall be credited on Tenant's next succeeding payment(s) pursuant to this
subsection or refunded to the Tenant. If the actual amount of Tenant's share of
taxes with respect to any tax year, once determined, shall exceed the total
amount theretofore paid by Tenant for such period, as foresaid, Tenant shall pay
to Landlord the difference between the actual amount paid by Tenant and the
amount due on the basis of such tax bill for such period within fifteen (15)
days after notice thereof from Landlord. A copy of the tax bill submitted by
Landlord to Tenant shall be evidence of the amount of such real estate taxes and
assessments levied or assessed, as well as the items taxed. Such copy of the tax
bill shall be delivered to Tenant within 90 days after the end of each calendar
year. If the commencement date is other than the first day of a calendar month,
then the first monthly payment shall be prorated on a per diem basis.

       Notwithstanding anything contained herein to the contrary, Tenant's
obligation hereunder to reimburse Landlord for payment of real estate taxes
shall not include penalties imposed for late payment of any real estate tax or
assessment and shall not include penalties imposed for late payment of any real
estate tax or assessment, shall not include any real estate assessment levied
prior to the commencement date of the term of this Lease. Nothing herein
contained shall be construed to include as a real estate tax any inheritance,
estate, succession, transfer, gift, franchise, corporation, income, net profit
tax or capital levy that is or may be imposed on Landlord.

       Notwithstanding anything in this Lease to the contrary, real estate
taxes shall be payable by Tenant on a monthly basis only if Landlord is
obligated to escrow the taxes on a monthly basis by its mortgagee; otherwise,
the same shall be

                                        7
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paid after the initial payment by Landlord to the governing authority and within
twenty (20) days following receipt by Tenant of written demand therefor from
Landlord.

       In regard to any assessment or charge that may be payable in
installments, Tenant's share of taxes shall be determined as if Landlord had
elected to pay the assessment in installments, and Tenant shall be responsible
for only those installments or parts of installments which are payable for the
term of this Lease.

       There will be no duplication in charges to the Tenant by reason of the
provision in this Lease setting forth Tenant's obligation to reimburse Landlord
for payment of real estate taxes and any other provision of the Lease.

       2. Municipal, County, State or Federal Taxes: Tenant at all times shall
be responsible for and shall pay, before delinquency, all municipal, county,
state or federal taxes assessed against any leasehold interest or any fixtures,
furnishings, equipment, stock-in-trade or other personal property of any kind
owned, installed or used in or on the premises by Tenant.

       3. Rental Taxes: Should any governmental taxing authority acting under
any present or future law, ordinance or regulation, levy or assess or impose a
tax, excise and/or assessment (other than an income or corporation franchise
tax) upon or against the rentals payable by Tenant to Landlord, either by way of
substitution for or in addition to any existing tax on land and buildings or
otherwise, Tenant shall be responsible for and shall pay such tax, excise and/or
assessment, or shall reimburse Landlord for the amount thereof, as the case may
be.

       E. Fire and Extended Coverage Insurance: Landlord agrees to carry
policies insuring Landlord's improvements upon the shopping center against such
perils or loss as Landlord may deem appropriate (including, but without
limitation, fire, vandalism and malicious mischief and such

                                       8
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other perils covered by extended coverage endorsements). Landlord's fire and
extended coverage policy shall be in an amount equal to at least eighty
percent (80%) of the replacement cost of such improvements. Tenant agrees to
reimburse Landlord for Tenant's share of the expenses for said insurance which
shall be due and payable in monthly installments payable, in advance, on the
first day of each month, in the amount of $859.68, which is Landlord's
reasonable estimate of Tenant's share of insurance expenses. If the actual
amount of Tenant's share of insurance expenses is less than the total amount
theretofore paid by Tenant for such period, the excess shall be credited on
Tenant's next succeeding payments(s) or refunded to Tenant. If the actual amount
of Tenant's share of insurance expenses shall exceed the total amount
theretofore paid by Tenant for such period, Tenant shall pay to Landlord the
difference between the actual amount paid by Tenant and the amount due for the
actual insurance expenses for such period within ten (10) days after notice
thereof from Landlord. If the commencement date is other than the first day of a
calendar month, then the first monthly payment shall be prorated on a per diem
basis. Any insurance billed to Tenant under this Article 4, section (e) will not
be charged to Tenant under Article 4, section (c).

       Within 90 days after the end of each calendar year, Landlord shall
forward to Tenant a statement of the insurance expenses for the year together
with copies of the premium invoices.

       F. Maximum Charges for First Year and Subsequent Increases in Estimated
Payments: Landlord agrees that for the first Lease Year, Tenant's share of the
following charges shall not exeed:

<TABLE>
<CAPTION>
                                                               Maximum
       Section                Charge                            Amount
       -------                ------                           -------
       <S>               <C>                                  <C>
          4C             Common Area Charge                   $37,000.00
          4D             Taxes and Assessments                $37,000.00
</TABLE>

By written notice to Tenant by ordinary mail, Landlord may increase the amount
of the monthly payments subsequent to the

                                        9
<PAGE>

first Lease Year towards Tenant's share of the charges, costs and expenses
provided in Subsections C through E above if the actual charges, costs and
expenses subsequent to the first Lease Year exceed the amount paid on the
estimated basis.

       G. No Duplication of Charges: Notwithstanding anything in this Lease to
the contrary, there will be no duplication in charges to the Tenant by reason of
the provisions in this Lease setting forth Tenant's obligation to reimburse
Landlord for common area expenses, real estate taxes and assessments, insurance
and any other provision herein.

       5. MAINTENANCE AND REPAIRS.

       A. Tenant's Obligations: The Tenant will take good care of the premises,
building, fixtures and appurtenances, and all alterations, additions and
improvements to either; will repair all damage to the same resulting from the
negligent or willful acts of the Tenant, its employees, agents or invitees; will
suffer no waste or damage, will execute and comply with all laws, rules, orders,
ordinances and regulations at any time issued or in force by any lawful
authority, applicable to the Tenant's use or occupancy of the premises; and will
repair, at or before the end of the term, all damage done by the installation or
removal of office equipment, furniture and property.

       Notwithstanding anything contained in this Lease to the contrary, there
shall be no obligation on the part of Tenant to comply with any laws,
directions, rules or regulations of any governmental body, agency, authority or
the like or any insurance company or Board of Fire Underwriters or similar body
which may require structural alterations, structural changes, structural
repairs, or structural additions, unless they are required because of the
particular or peculiar nature of Tenant's use or occupancy of the premises. If
they are required because of the particular or peculiar nature of Tenant's use
and occupancy, Tenant shall have the option of performing the work at its
expense or ceasing use of the

                                       10
<PAGE>

premises, but remaining liable for rent and other charges through the term
hereof.

       B. Landlord's Obligations: At any time or times, the Landlord, either
voluntarily or pursuant to governmental requirement, may, at the Landlord's own
expense, make repairs, alterations or improvements in or to the building or any
part thereof, and, during such operations, may close entrances, doors,
corridors, or other facilities in the building or any part thereof, and may
close, block or otherwise perform work on and make use of any adjacent or nearby
structure, land, street, alley, sidewalk or air space, all without any liability
to the Tenant, its employees, agents or invitees, for any expense, injury, loss,
damage, interference, or annoyance resulting from any such repairs, alterations,
improvements, work or other use in connection therewith or caused thereby.

       Landlord shall comply with those laws, directions, rules or
regulations of any governmental body, agency, authority or the like or any
insurance company or Board of Fire Underwriters or similar body which apply
generally to office buildings and are not required because of Tenant's
particular or peculiar use or occupancy and which may require structural
alterations, structural changes, structural repairs, or structural additions.

       Notwithstanding anything in this Lease to the contrary, Landlord
shall, at its sole cost and expense, maintain the roof, downspouts and
gutters, foundation, exterior walls, structural parts and members, and other
structural components, the floor slab, underground and otherwise concealed
utility systems of the premises in order and good repair throughout the term
of this Lease except for damage or destruction caused by Tenant, its agents,
employees or contractors. Landlord shall make all repairs, interior and
exterior, resulting from shifting or settling of the foundations (including
notwithstanding any provision to the

                                       11
<PAGE>

contrary herein replacements of all plate glass and other storefront components
damaged thereby) and any repairs or replacements which require any excavation or
structural work to effectuate the repair, maintenance or replacement, except for
clogged sewer lines.

       Landlord shall, at its sole cost and expense, make any repairs to the
premises or the shopping center resulting from the act or omission of Landlord
or its employees, agents, or contractors.

       While Landlord shall not be required to pay overtime, time and one-half
or double time therefor, Landlord shall use its best efforts to make any
repairs, additions or alterations in, about or affecting the premises or
adjoining premises, during non-business hours and shall promptly restore the
premises, following any such work or activity. In the event such repairs,
additions or alterations in, about or affecting the premises or adjoining
premises, materially and substantially interfere with Tenant's business
operations for more than 1 day, the Tenant, in addition to any other remedy
which it may have at law hereunder, may cease or continue its business
operations during such impairment, as it desires, with a full abatement of all
rent and other charges payable hereunder until such impairment ceases.

       6. ASSIGNMENT AND SUBLETTING. Tenant shall not sell, assign, mortgage, or
transfer this Lease, sublet the premises or any part thereof, or allow any
transfer hereof, or any lien upon the Tenant's interest by operation of law,
without the prior written consent of the Landlord.

       Nothing herein contained shall be deemed to limit or restrict the rights
of Tenant to, without Landlord's consent, sublet the premises, or any portion
thereof, or assign this Lease, or any interest therein, to (i) any parent,
subsidiary or affiliated corporation of Tenant (ii) any subsidiary of any parent
of Tenant, (iii) any corporation with which Tenant may merge or consolidate, or
(iv) any corporation acquiring

                                       12
<PAGE>

all or substantially all of the assets or stock of Tenant.

       Any assignment or subletting hereunder shall not release or discharge
Tenant of or from any liability, whether past, present or future, under this
Lease, and Tenant shall continue fully liable thereunder. The assignee shall
assume Tenant's obligations and the subtenant or subtenants shall agree to
comply with and be bound by all of the terms, covenants, conditions, provisions
and agreements of this Lease to the extent of the space sublet, and Tenant shall
deliver to Landlord promptly after execution, an executed copy of each such
assignment and assumption or sublease and an agreement of compliance by each
such subtenant.

       Any sale, assignment, mortgage, transfer, or subletting of this Lease by
Tenant which is not in compliance with the provisions of this Section shall be
void and of no effect.

       The Landlord may assign this Lease and shall not be liable for
obligations thereafter accruing hereunder; provided that the Landlord's assignee
shall assume the Landlord's obligations hereunder accruing on or after the date
of assumption.

       7. ALTERATIONS. The Tenant shall not make any alterations in or additions
to the premises without the Landlord's advance written consent in each instance.
The Landlord's decision to refuse such consent shall be reasonable. If the
Landlord consents to such alterations or additions, before commencement of the
work or delivery of any materials onto the premises or into the building, the
Tenant shall furnish the Landlord with plans and specifications, names and
addresses of contractors, and necessary permits. All additions and alterations
shall be installed in a good, workmanlike manner and only new, high grade
materials shall be used. The Tenant hereby agrees to hold the Landlord harmless
from any and all laibilities of every kind and description which may arise out
of or be connected in any way with said alterations or additions. Before
commencing any

                                       13
<PAGE>

work in connection with alterations or additions, the Tenant shall furnish
the Landlord with certificates of insurance from all contractors performing
labor or furnishing materials insuring the Landlord against any and all
liabilities which may arise out of or be connected in any way with said
additions or alterations. The Tenant shall pay the cost of all such
alterations and also the cost of decorating the premises occasioned by such
alterations and additions. Upon completing any alterations or additions, the
Tenant shall furnish the Landlord with contractors' affidavits and full and
final waivers of lien covering all labor and materials expended and used
provided Tenant shall not be obligated to provide waivers of lien from any
contractor or materialmen supplying less than $10,000 in goods or services to
the premises and Tenant shall not be obligated to submit waivers of lien from
any contractor if the period for filing liens has elapsed and no lien has
been filed by that contractor. All alterations and additions shall comply
with all insurance requirements and with all ordinances and regulations of
the City of Whitehall or any department or agency thereof, and with the
requirements of all statutes and regulations of the State of Ohio or of any
department or agency thereof. All additions, hardware, non-trade fixtures and
all improvements, including wall and floor coverings, temporary or permanent,
in or upon the premises, whether placed there by the Landlord or the Tenant,
shall become the Landlord's property and shall remain upon the premises at
the termination of this Lease by lapse of time or otherwise without
compensation or allowance or credit to the Tenant.

       The term "Trade Fixtures" as used in this Lease shall include but not
be limited to, computer systems, phone banks, removable wall panels,
removable decorations, mirrors, decorative hardware and decorative lighting
fixtures, shelving, signs and personal property.

       Notwithstanding anything in this Lease to the contrary,

                                       14

<PAGE>

Tenant shall be permitted to make non-structural alterations and/or additions
to the premises which in each instance cost less than $75,000 without the
prior consent of Landlord.

       8. SIGNS. The Tenant will not permit or suffer any signs,
advertisements or notices to be displayed, inscribed upon or affixed on any
part of the outside of the building except those which have been approved by
Landlord. Landlord agrees Tenant shall have the right to install approved
signs on the exterior walls of the building identifying Tenant's business.

       9. OPTIONS TO EXTEND TERM. Landlord hereby grants Tenant three (3)
options to extend the term of this Lease, each for one (1) year, the first of
which, if exercised, shall commence at the end of the term of the Lease
("first option term") and the remaining two on each successive year
thereafter. Each such option term shall be upon the same terms and conditions
as contained in the Lease except as provided herein.

       If Tenant shall exercise the option period, it shall give Landlord
written notice at least six (6) months prior to the end of the term or the
immediately preceding option term that it will exercise the option.

       All the terms and conditions of the Lease shall apply during each
option term except that such option to extend term shall terminate when
exercised.

       10. NOTICES. All notices and demands herein required or permitted
shall be in writing. In every case, when under the provisions of this Lease
it shall be necessary or desirable for the Landlord to serve any notice or
demand on the Tenant, such notice or demand shall be served by registered or
certified mail, postage prepaid, addressed to the attention of Tenant's Real
Estate Department at the address first stated above with copy to The Limited,
Inc., P.O. Box 16000, Columbus, Ohio 43216, Attention, Corporate Real Estate
Department, or to such changed address

                                       15

<PAGE>

or addresses which Tenant may designate by Notice to Landlord. Any such
notice or demand to be given to the Landlord, shall, until further notice, be
by registered or certified mail, postage prepaid, addressed to the Landlord
at 209 East State Street, Columbus, Ohio 43215.

       11. LANDLORD'S RESERVATIONS. The Landlord reserves the following rights:

           (a) During the last ninety (90) days of the term, and if prior to
       that time the Tenant vacates the premises, to show the premises for
       reoccupancy, and

           (b) To take any and all measures, including inspections, repairs,
       alterations, additions and improvements to the building, as may be
       necessary or desirable for the safety, protection or preservation of the
       premises or the building or the Landlord's interests, or as may be
       necessary or desirable in the operation of the building.

       After reasonable advance written notice, Landlord may enter upon the
premises and may exercise any or all of the foregoing rights hereby reserved
without being deemed guilty of an eviction or disturbance of the Tenant's use or
possession and without being liable in any manner to the Tenant.

       12. EXCULPATION. To the extent permitted by law, the Tenant releases the
Landlord and the Landlord's agents, servants, and employees, from and waives all
claims for damage to person or property sustained by the Tenant resulting from
the building or any equipment or appurtenance becoming out of repair, or
resulting from any accident in or about the building, or resulting directly or
indirectly from any act or neglect of any tenant or occupant of the shopping
center in which the building is located or of any other person, excepting the
negligence and/or acts or omissions of the Landlord and the Landlord's agents,
servants, and employees. This Section shall apply especially, but not

                                       16
<PAGE>

exclusively, to any flooding of the premises, and to damage caused by sprinkling
devices, air conditioning apparatus, water, snow, frost, excessive heat or cold,
falling ceiling, sewage, gas, odors or noise, or the bursting or leaking of
pipes or plumbing fixtures, and shall apply equally whether any such damage
results from the act or neglect of other tenants, occupants or servants of the
shopping center or of any other person except Landlord as provided above, and
whether such damage be caused or result from any thing or circumstance above
mentioned or referred to, or any other thing or circumstance whether of a like
nature or of a wholly different nature. If any such damage, whether to the
premises or to the building or any part thereof, or whether to the Landlord or
to other tenants in the building, results from any act or neglect of the Tenant,
the Landlord may, at the Landlord's option, after 30 days written notice to
Tenant, repair such damage and the Tenant shall, upon demand by the Landlord,
reimburse the Landlord forthwith for the total cost of such repairs. The Tenant
shall not be liable for any damages caused by its act or neglect if the Landlord
or a tenant has recovered the full amount of the damages from insurance, and the
insurance company has waived in writing its rights of subrogation against the
Tenant. All property belonging to the Tenant or any occupant or guest of the
premises shall be there at the sole risk of the owner thereof and the Landlord
shall not be liable for damages thereto or theft or misappropriation thereof,
except if due to the acts, omissions or negligence of the Landlord or its
agents, employees or contractors.

       13. HOLDOVER. If the Tenant retains possession of the premises or any
part thereof after the termination of the term by lapse of time or otherwise,
the Tenant shall pay the Landlord rent at the rate of rental specified in
Section 4 for the time the Tenant thus remains in possession. If the tenant
remains in possession of the premises, or any part

                                       17

<PAGE>

thereof, after the termination of the term by lapse of time or otherwise, such
holding over shall constitute a month to month tenancy. The provisions of this
Section do not preclude the Landlord's rights of reentry or any other right
hereunder.

       14. RULES AND REGULATIONS. The Tenant shall observe and comply with any
reasonable rules and regulations promulgated from time to time by the Landlord,
as in the Landlord's judgment are reasonably necessary for the safety, care and
cleanliness of the building or for the preservation of good order therein. Any
changes in rules by Landlord shall be effective upon notice thereof to the
Tenant. The Landlord shall not be liable to the Tenant for violation of such
rules and regulations by any other tenant, its servants, employees, agents,
visitors, customers, invitees, or licensees.

       15. LEASE SUBORDINATE. The Landlord's title is and always shall be
paramount to the title of the Tenant, and nothing herein contained shall empower
the Tenant to do any act which shall encumber the title of the Landlord. This
Lease shall be subordinate and subject at all times to the mortgage covering the
premises or which at any time hereafter shall be made, and to all renewals,
modifications, consolidations, or replacements thereof, and to all advances
made, or hereafter to be made, upon the security of any such mortgage, and the
Tenant shall execute such further instruments subordinating this Lease to any
such mortgage as the Landlord shall reasonably request, provided, however, that
any mortgagee shall agree in writing that the Tenant's possession of the
premises will not be disturbed if Tenant is not in default under this Lease.

       16. TENANT'S DEFAULT. All rights and remedies of the Landlord herein
enumerated shall be cumulative, and none shall exclude any other right or remedy
allowed by law.

           (a) if any voluntary or involuntary petition or

                                       18
<PAGE>

       similar pleading under any section or sections of any bankruptcy act
       shall be filed by or against the Tenant, or any voluntary or
       involuntary proceeding in any court or tribunal shall be instituted to
       declare the Tenant insolvent or unable to pay the Tenant's debts, and in
       the case of any involuntary petition or proceeding, the petition or
       proceeding is not dismissed within thirty (30) days from the date it is
       filed, the Landlord may elect, but is not required, and with or without
       notice of such election, and with or without entry or other action by the
       Landlord, to forthwith terminate this Lease, and, notwithstanding any
       other provision of this Lease, the Landlord shall forthwith upon such
       termination be entitled to recover damages in an amount equal to the then
       present value of the rent specified in Section 4 for the residue of the
       stated term hereof, less the then present value of the fair rental value
       of the premises for the residue of the stated term.

           (b) If the Tenant defaults in the payment of rent, or in payment
       of any sum deemed to be additional rent, under this Lease and the Tenant
       does not cure such default within ten (10) days after written notice from
       Landlord of such default, or if the Tenant defaults in the prompt and
       full performance of any other provision of this Lease, and if the Tenant
       does not cure the default within thirty (30) days after demand by
       Landlord that the default be cured, unless the default involves a
       hazardous condition, which shall be cured forthwith upon the Landlord's
       demand, or if the leasehold interest of the Tenant be levied upon under
       execution or be attached by process of law and such attachment or levy is
       not vacated or dismissed within thirty (30) days, or if the Tenant makes
       an assignment for the benefit of creditors, or if a receiver be appointed
       for any property of the Tenant, or if the Tenant abandons the premises
       and

                                       19
<PAGE>

       ceases paying rent, then and in any such event the Landlord may, if the
       Landlord so elects but not otherwise, either forthwith terminate
       this Lease and the Tenant's right to possession of the premises, or
       without terminating this Lease, forthwith terminate the Tenant's right to
       possession of the premises.

           (c) Upon any termination of this Lease, whether by lapse of time
       or otherwise, or upon any termination of the Tenant's right to possession
       without termination of the Lease, the Tenant shall surrender possession
       and vacate the premises immediately, and deliver possession thereof to
       the Landlord, and hereby grants to the Landlord full and free license to
       enter into and upon the premises in such event with or without process of
       law and to repossess the premises as of Landlord's former estate and to
       expel or remove the Tenant and any others who may be occupying or within
       the premises and to remove any and all property therefrom, using such
       force as may be necessary, without being deemed in any manner guilty of
       trespass, eviction, or forcible entry or detainer, and without
       relinquishing the Landlord's rights to rent or any other right given to
       the Landlord hereunder or by operation of law.

           (d) If the Tenant abandons the premises and ceases paying rent or
       otherwise entitles the Landlord so to elect, and the Landlord elects to
       terminate the Tenant's right to possession only, without terminating the
       Lease, the Landlord may, at the Landlord's option enter into the
       premises, remove the Tenant's signs and other evidences of tenancy, and
       take and hold possession thereof as in (c) of this Section provided,
       without such entry and possession terminating the Lease or releasing the
       Tenant, in whole or in part, from the Tenant's obligations to pay the
       rent hereunder for the full term, and in any such case the Tenant shall
       pay forthwith to

                                       20
<PAGE>

       the Landlord, if the Landlord so elects, a sum equal to the entire amount
       of the rent specified in Section 4 for the residue of the stated term
       plus any other sums then due hereunder discounted to present value at an
       interest rate equal to 10% per annum. Upon and after entry into
       possession without termination of the Lease, the Landlord shall use
       reasonable efforts to re-rent the premises (or such part thereof as
       Landlord deems proper) for the account of the Tenant to any persons,
       firm or corporation other than the Tenant for such rent, for such time
       and upon such terms as the Landlord in the Landlord's sole discretion
       shall determine, and the Landlord shall not be required to obtain consent
       of the Tenant for such re-renting, nor to accept any tenant offered by
       the Tenant or to observe any instructions given by the Tenant about such
       re-renting. Tenant further expressly agrees that Tenant will not
       question, in any suit or other proceedings, the Landlord's reasonable
       judgment in any matter relating to such re-renting, including, without
       limitation, Landlord's efforts to re-rent and/or the terms of such
       re-renting. In any such case, the Landlord may make repairs, alterations
       and additions in or to the premises to the extent deemed by the Landlord
       necessary or desirable and the Tenant shall, upon demand, pay the cost
       thereof, together with the Landlord's expense of re-renting. If the
       consideration collected by the Landlord upon any such re-renting for the
       Tenant's account is not sufficient to pay monthly the full amount of the
       rent reserved in this Lease, together with the costs of repairs,
       alterations, additions, and the Landlord's expenses, the Tenant shall pay
       to the Landlord the amount of each monthly deficiency upon demand; and if
       the consideration so collected from any such reletting is more than
       sufficient to pay the full amount of the

                                       21
<PAGE>

       rent reserved herein, together with the costs and expenses of the
       Landlord, the Landlord, at the end of the stated term of the Lease shall
       refund the surplus to the Tenant.

           (e) Any and all property which may be removed from the premises by
       the Landlord pursuant to the authority of the Lease or of law, to which
       the Tenant is or may be entitled, may be handled, removed or stored by
       the Landlord at the risk, cost and expense of the Tenant, and the
       Landlord shall in no event be responsible for the value, preservation or
       safekeeping thereof. The Tenant shall pay to the Landlord, upon demand,
       any and all expenses incurred in such removal and all storage charges
       against such property so long as the same shall be in the Landlord's
       possession or under the Landlord's control. Any such property of the
       Tenant not removed from the premises or retaken from storage by the
       Tenant within thirty (30) days after the end of the term, however
       terminated, shall be presumed to have been conveyed by the Tenant to the
       Landlord under this Lease as a bill of sale without further payment or
       credit by the Landlord to the Tenant.

           (f) The Tenant shall pay upon demand all the Landlord's costs,
       charges and expenses, including the fees of counsel, agents and others
       retained by the Landlord, incurred in enforcing the Tenant's obligations
       hereunder or incurred by the Landlord in any litigation, in which the
       Tenant causes the Landlord, without the Landlord's fault, to become
       involved or concerned, plus interest at the highest non-usurious rate
       which Landlord might at such date have charged in making an unsecured
       loan of cash funds to Tenant (but in no event to exceed the rate of
       twelve per cent (12%) per annum) from the date of payment, which amount
       shall be deemed to be additional rent due and payable by the Tenant upon

                                       22
<PAGE>

       demand by Landlord.

       17. NO LIENS. The Tenant shall not permit any mechanics' or materialmen's
liens to be filed against the premises, the real property of which the premises
form a part or the Tenant's leasehold interest in the premises. The Landlord
shall have the right at all reasonable times to post and keep posted on the
premises any notices which it deems necessary for protection from such liens. If
any such liens are so filed and not removed by Tenant within 30 days after
notice thereof, the Landlord, even if it is not legally liable therefor, at its
election, may pay and satisfy the same and in such event the sums so paid by the
Landlord, with interest at the non-usurious highest rate which Landlord might at
such date have charged in making an unsecured loan of cash funds to Tenant in
such amount (but in no event to exceed the rate of twelve per cent (12%) per
annum from the date of payment) shall be deemed to be additional rent due and
payable by the Tenant at once without prior notice or demand.

       18. CONDEMNATION.

       (a) In the event that the whole or any part of the premises shall be
lawfully condemned or taken in any manner for any public or quasi-public use, at
Landlord's option this Lease and the term hereby granted shall forthwith cease
and terminate on the date of the taking of possession by the condemning
authority and the Landlord shall be entitled to receive the entire award without
any payment to Tenant except any award for Tenant's trade fixtures and/or
relocation expenses, the Tenant hereby assigning to the Landlord the Tenant's
interest in the award, if any, and the rent shall be apportioned as of such
date.

       (b) In the event that a part of the building shall be so condemned or
taken and if in the reasonable opinion of the Landlord, the building should be
restored in such a way as to alter the premises materially, or the building
should be

                                       23
<PAGE>

demolished, the Landlord may terminate this Lease without compensation to Tenant
and the term and estate hereby granted by notifying the Tenant of such
termination within sixty (60) days following the date of the taking of
possession by the condemning authority, and this Lease and the term and estate
hereby granted shall expire on the date specified in the notice of termination,
not less than sixty (60) days after the giving of such notice, as fully and
completely as if such date were the date hereinbefore set for the expiration of
the term of this Lease, and the rent shall be apportioned as of such date. In
the event of a partial taking of the premises and this Lease is not terminated
then the rent payable by Tenant hereunder shall be abated in the same proportion
as the portion of the premises taken bears to the total floor area of the
premises prior to the taking.

       If by reason of a taking by way of eminent domain of the premises or the
building of which the premises are a part or of other parts of the shopping
center, the premises are rendered substantially unusable for Tenant's business
by reason of diminished access, Tenant may cease its operations until reasonable
access is available, and during such period until accessibility is restored, the
payment of rent and all other charges required hereunder shall abate.

       19. DAMAGE OR DESTRUCTION. In the event of damage or destruction of the
premises during the term by fire, the elements, or casualty, Landlord shall
forthwith repair the same, provided such repairs can be made, in the Landlord's
opinion, within one hundred twenty (120) days, but such damage or destruction
shall not anull or void this Lease, except that Tenant shall be entitled to a
proportionate reduction of rent while such repairs are being made, such
proportionate reduction to be based upon the extent that the premises, or part
thereof, may be untenantable. If, in the Landlord's opinion, such repairs cannot
be made within one hundred twenty (120) days, Landlord may, at its option (to be

                                       24
<PAGE>

exercised within thirty (30) days after the date of such damage or destruction),
make and complete such repairs as soon as possible thereafter, this Lease
continuing in full force and effect and the rent to be proportionately reduced
as aforesaid in this Section provided. In the event that the Landlord does not
so elect to make such repairs (which cannot be made within said one hundred
twenty (120) day period), this Lease may be terminated at the option of either
party provided, however, Landlord shall not have the right to terminate this
Lease unless Landlord simultaneously terminates the leases of all other tenants
in the shopping center. The Tenant shall be entitled to a proportionate
reduction of rent only if the premises are untenantable as aforesaid and no such
rent reduction shall be allowed by reason of inconvenience, annoyance or injury
to the Tenant's businesses because of such damage or destruction except if same
renders the premises temporarily untenantable, or the necessity of repairing any
portion of the building except if same renders the premises temporarily
untenantable, or the making of such repairs except if same renders the premises
temporarily untenantable, nor shall the Landlord be liable to the Tenant because
of such inconvenience, annoyance or damage.

       20. WAIVER OF SUBROGATION. Each party hereto hereby waives all claims for
recovery from the other party for any loss or damage to any of its property
insured under valid and collectible insurance policies, covering loss by fire or
any of the perils insured under the standard extended coverage rider.

       21. INDEMNIFICATION. Except for claims caused by or due to the acts,
omissions or negligence of the Landlord, the Tenant agrees to indemnify and save
harmless the Landlord against and from any and all claims by or on behalf of any
person or persons, firm or firms, corporation or corporations, arising from
Tenant's use of the premises or

                                       25
<PAGE>

the conduct of its businesses or from any activity, work, or thing done,
permitted or suffered by the Tenant, its servants, contractors, agents and
employees, in or about the premises, and will further indemnify and save the
Landlord harmless against and from any and all claims arising from any breach or
default on the Tenant's part in the performance of any covenant or agreement on
the Tenant's part to be performed, pursuant to the terms of this Lease, arising
from any act or negligence of the Tenant, or any of its agents, contractors,
servants, employees or licensees, and from and against all costs, counsel fees,
expenses and liabilities incurred in connection with any such claim or action or
proceeding brought thereon; and in case any action or proceeding be brought
against the Landlord by reason of any such claim, the Tenant upon notice from
the Landlord covenants to resist or defend at the Tenant's expense such action
or proceeding by counsel reasonably satisfactory to the Landlord, or Tenant's
insurer.

       Landlord hereby indemnifies and agrees to save Tenant, its officers,
directors, employees, and agents harmless from and against any and all claims,
suits, proceedings, actions, causes of action, responsibility, liability,
demands, judgments, and executions (hereinafter referred to as "Claims") which
either (i) arise from or are in connection with the possession, use, occupation,
management, repair, maintenance, or control of the Common Areas or any portion
thereof: (ii) arise from, or are in connection with an act or omission of
Landlord, or its employees, agents or contractors in connection with the Common
Areas; (iii) result from any default, breach, violation, or non-performance of
this Lease or any provision of this Lease by Landlord; (iv) result from injury
to any person or property or loss of life sustained in the Common Areas; or (v)
result from occurrences of injury to or death of, any person or damage to
property arising out of any work, construction, reconstruction, restoration,

                                       26
<PAGE>

maintenance or other work to be done hereunder by Landlord, unless such Claims
are caused by the act or omission of Tenant, or its employees, agent or
contractors.

       22. DELIVERY OF POSSESSION. No promise of the Landlord to alter, remodel
or improve the premises or the building and no representation respecting the
condition of the premises or the building has been made by the Landlord to the
Tenant, unless the same is contained herein, or made a part hereof. In the event
of the failure of the Landlord to deliver possession of the premises at the time
of the commencement of the term of this Lease, the Landlord shall not be liable
for any damage caused thereby, nor shall this Lease thereby become void or
voidable, nor shall the term herein specified be in any way extended, but in
such event the term shall begin when the Landlord does deliver possession of the
premises and the Tenant shall not be liable for any rent until the time that
Landlord delivers such possession.

       23. LANDLORD'S TITLE AND QUIET ENJOYMENT. Landlord's title to the
premises and the shopping center is good and marketable, free of liens,
encumbrances, (excluding any mortgages) and there are no restrictive covenants,
easements, exclusive use provisions in other tenant's leases, or other
agreements, zoning laws or other ordinaces or regulations which will prevent
the Tenant from occupying the premises for the purpose herein provided, or
prevent the full use of the parking areas and other common areas of the shopping
center or otherwise prevent the shopping center from being developed in
accordance with the general layout shown on Exhibit A or otherwise conflict with
any of the provisions of this Lease.

       Landlord has full right and authority to make and enter into this Lease
for the full term granted herein and that no joinder or approval of any other
person or entity is required with respect to Landlord's right and authority to
enter into this Lease except as stated in Section 1 hereof.

       Landlord represents and warrants to Tenant that on the

                                       27
<PAGE>

date of delivery of possession of the premises, to Tenant, the premises shall be
free of all violations, orders, or notices of violations of all public or
quasi-public authorities, and that Tenant shall be permitted by authorities
having jurisdiction thereover to occupy the premises for the uses and purposes
herein provided.

       The Landlord covenants and agrees that the Tenant on paying said rent and
performing the covenants aforesaid shall and may peaceably and quietly hold and
enjoy the said premises for the term aforesaid, against any person claiming by,
through, or under the Landlord.

       24. LANDLORD'S AND TENANT'S IMPROVEMENTS.

       A. Landlord covenants and agrees to do and perform the following prior to
the date Tenant takes possession of the premises, weather permitting:

       1. Place roof in good and servicable condition - secure and without
       leaks,

       2. Place existing HVAC in good operating condition,

       3. Replace and restore existing landscaping as reasonably necessary, and

       4. Comply with any laws, ordinances, or regulations requiring the removal
       of asbestos, if any, in the premises except that any asbestos floor tile
       need not be removed.

       B. Tenant covenants and agrees to do and perform the following:

       1. Tenant accepts the premises "as is" except for such work to be
       performed by Landlord,

       2. Tenant shall submit all plans and specifications for alterations and
       improvements to the premises for Landlord's approval which shall not be
       unreasonably withheld.

       Any work, installation or equipment not called for in the Landlord's
covenants above shall be furnished and performed by and at the expense of
Tenant.

                                       28
<PAGE>

       The parties shall endeavor to complete their respective portions of such
work with due diligence, taking into account scarcity of materials, strikes,
lockouts, governmental orders, directives and regulations.

       Each party's work shall be done in a good and workmanlike manner and in
compliance with all applicable codes, ordinances and other governmental laws and
regulations. All materials shall be new and of first class quality.

       Should Landlord fail to complete all Landlord's work as specified herein
on the date Tenant takes possession of the premises, then Tenant shall have the
right to send Landlord a "punch list" of items which remain to be completed. On
receipt of such punch list, Landlord shall have 14 days to complete the items
designated therein, and should the Landlord fail to do so within said 14 day
period, then Tenant, in addition to any rights it may have hereunder, shall have
the right to complete the punch list items on behalf of the Landlord and to
deduct the entire cost of completion of such items from any and all rents and
other charges due or to become due hereunder.

       25. MISCELLANEOUS.

       (a) No receipt of money by the Landlord from the Tenant after the
termination of this Lease or after the service of any notice or after the
commencement of any suit, or after final judgment for possession of the premises
shall renew, reinstate, continue or extend the term of this Lease or affect any
such notice, demand or suit.

       (b) No waiver of any default of either party hereunder shall be implied
from any omission by the other to take any action on account of such default if
such default persists or be repeated, and no express waiver shall affect any
default other than the default specified in the express waiver and that only for
the time and to the extent therein stated. The invalidity or unenforceability of
any provision hereof shall

                                       29
<PAGE>

not affect or impair any other provision.

       (c) The word "Tenant" wherever used in this Lease shall be construed to
mean "Tenants" if Tenant is more than one person or entity, and the necessary
grammatical changes required to make the provisions hereof apply either to
corporations or individuals, men or women, shall in all cases be assumed as
though in each case fully expressed.

       (d) Provisions inserted herein or affixed hereto shall not be valid
unless appearing in the duplicate original hereof held by the Landlord.

       (e) Each provision hereof shall extend to and shall, as the case may
require, bind and inure to the benefit of the Landlord and the Tenant and their
respective heirs, legal representatives, successors and assigns.

       (f) The headings of sections are for convenience only and do not limit or
construe the contents of the sections.

       (g) Submission of this instrument for examination does not constitute a
reservation of or option for the premises. The instrument becomes effective as a
lease upon execution and delivery by both Landlord and Tenant.

       (h) All amounts other than rent under Section 4 owed by the Tenant to the
Landlord hereinunder shall be deemed to be additional rent and shall be paid
within fifteen (15) days from the date the Landlord renders statements of
account therefor.

       (i) The Tenant may occupy the premises prior to the beginning of the term
of this Lease with the Landlord's written consent, and in such case all the
provisions of this Lease shall be in full force and effect as soon as the Tenant
occupies the premises, except for the payment of rent.

       (j) At the termination of this Lease by lapse of time or otherwise, the
Tenant shall return the premises in as good condition as when the Tenant took
possession, ordinary wear and loss by fire or other casualty excepted, failing
which the Landlord may restore the premises to such condition and

                                       30
<PAGE>

the Tenant shall pay the cost thereof. Upon request of Landlord, the Tenant
shall remove any floor covering laid by the Tenant, including removal of all
nails, tacks, paper, glue, bases, and other vestiges of the floor covering, and
shall restore the floor surface to the condition existing before such floor
covering was laid. If the Landlord does not require the Tenant to remove the
floor covering from the premises prior to the end of the term, the same shall be
conclusively presumed to belong to and title thereto shall thereby pass to the
Landlord without payment or credit by the Landlord to Tenant.

       (k) The Tenant will not use the premises or any part thereof for any
purpose other than the one first above stipulated, or for any purpose deemed by
the Landlord's insurer or by the Landlord to be extra hazardous on account of
fire risk or in violation of any law or legal requirement, or that will increase
the existing rate of insurance on the building unless Tenant pays such
insurance, or cause a cancellation of any insurance policy covering the
building.

       26. UTILITIES. Landlord represents to Tenant that there are water and
sewer lines to the premises with capacities sufficient for Tenant's business.
Landlord represents to Tenant that electric service is available to the premises
and that such service is separately metered to the premises. In the event any
utility service to the premises shall be interrupted due to the negligent act or
omission of Landlord, its agents, contractors, or employees, and Tenant is
thereby deprived of reasonable use of the premises, rent and all other charges
payable hereunder shall abate until such services are fully restored and
Landlord shall promptly restore service to the premises.

       IN WITNESS WHEREOF, as of the day and year first above stated, this
instrument has been duly executed by the parties

                                       31
<PAGE>

hereto in four (4) counterparts, each of which counterparts shall constitute an
original Lease Agreement all said counterparts together constituting one and the
same Lease Agreement.

Signed and Acknowledged                           Landlord:
in the presence of the                            Office City, Inc.
undersigned Witnesses:

/s/ Jeanette M. Heselden                      By: /s/ Don M. Casto, III
------------------------------------              ----------------------------
                                                  Don M. Casto, III
                                                  Vice President

/s/ Jeanette M. Heselden                      By: /s/ F. S. Benson, Jr.
------------------------------------              ----------------------------
                                                  F. S. Benson, Jr.
                                                  President
/s/ Marianne H. Bricker
------------------------------------

                                              Tenant:
                                              World Financial Network,
                                              Inc.

/s/ [ILLEGIBLE]                               By: /s/ Jerald M. Dick
------------------------------------              ----------------------------
                                                  Jerald M. Dick
                                                  Vice President

/s/ Elizabeth G. Grim                          By:
------------------------------------              ----------------------------

                           LANDLORD'S ACKNOWLEDEGMENT

State of Ohio            :
                                      SS:
County of Franklin       :

       BE IT REMEMBERED, that on this 24th day of December, 198_, before me, the
subscriber, a Notary Public in and for the aforesaid county and state,
personally appeared the above named Landlord, Office City, Inc., by Don M. Casto
III, its Vice President and F. S. Benson Jr., its President both of whom,
as such officers, acknowledged to me that they signed the foregoing Lease,
pursuant to authority conferred upon them by said corporation, and that the
signing of said Lease was their free and deed as such officers, for and as the
free act and deed of said corporation for the uses and purposes therein set
forth.

       IN TESTIMONY WHEREOF, I have hereinto subscribed my name and affixed the
official seal of my office at Columbus in the State of Ohio on the day and year
last above written.

       (SEAL)

                                                  /s/ Jeanette M. Heselden
                                               ---------------------------------
                                                       Notary Public

                                                    JEANETTE M. HESELDEN
                                                 Notary Public, State of Ohio
                                                My commission expires 7-13-89

                                       32
<PAGE>

                            TENANT'S ACKNOWLEDGEMENT

State of Ohio       :
                      SS:
County of Franklin  :

       BE IT REMEMBERED, that on this 31st day of December, 1986, before me,
the subscriber, a Notary Public in and for the aforesaid county and state,
personally appeared the above named World Financial Network, Inc., Tenant in
the foregoing Lease, by Jerald M. Dick its Vice President and by _____________
its ______________ both of whom as such officers, acknowledged to me that
they signed the foregoing Lease pursuant to proper corporate authorization,
and that the signing of said Lease was their free act and deed as such
officers and for and as the free act and deed of said corporation, for the
uses and purposes therein set forth.

       IN TESTIMONY WHEREOF, I have hereinto subscribed my name and affixed the
official seal of my office at Columbus in the State of Ohio on the day and year
last above written.

       (SEAL)

                                              /s/ Elizabeth G. Grim
                                         ------------------------------
                                                   Notary Public

                                                ELIZABETH G. GRIM
                                           NOTARY PUBLIC, STATE OF OHIO
                                       MY COMMISSION EXPIRES DEC. 10, 1989

                                       33

<PAGE>

                                    EXHIBIT A

                                   [FLOOR PLAN]

<PAGE>

                                    GUARANTY

       FOR VALUE RECEIVED, in consideration for and as an inducement to
Landlord to make the within lease with Tenant, the undersigned guarantees the
full performance and observance of all the covenants, conditions and
agreements therein provided to be kept, performed and observed by Tenant,
without demand or notice of non-payment, non-performance, or non-observance,
all of which the undersigned hereby expressly waives. The undersigned agrees
that the validity of this agreement and the obligations of the guarantor
hereunder shall in nowise be terminated, affected or impaired by reason of
the assertion by Landlord against Tenant of any of the rights or remedies
reserved to Landlord pursuant to the provisions of the within lease.
Undersigned waives notice of acceptance hereof. The undersigned further
agrees that this guaranty shall remain and continue in full force and effect
as to any renewal, modification or extension of this lease. It is further
agreed that in any action or proceeding brought upon any matters whatsoever
arising out of, under, or by virtue of the terms of the lease or this
guaranty that trial by jury shall be waived.

Dated

Witnesses:

/s/ [ILLEGIBLE]                        THE LIMITED, INC.
------------------------------------   -----------------------------------
/s/ Elizabeth G. Grim                  By: /s/ Jerald M. Dick
------------------------------------      --------------------------------
                                                Jerald M. Dick
                                       Its: Vice President
                                           -------------------------------
                                           -------------------------------

<PAGE>

                                                           ALLIANCE DATA SYSTEMS

                              MODIFICATION OF LEASE

       This Modification of Lease is made and entered into this 18th day of
August 1999 by and between OFFICE CITY, INC., ("Landlord") and ADS ALLIANCE DATA
SYSTEMS, INC., d/b/s ALLIANCE DATA SYSTEMS ("Tenant").

                                  WITNESSETH:

WHEREAS, Landlord and Tenant previously entered into that certain Office
Lease dated December 24, 1986, Amendment to Lease dated January 19, 1987,
Assignment of Lease dated January 20, 1987, Second Amendment to Office Lease
dated May 11, 1988, Third Amendment to Office Lease dated August 4, 1989 and
Lease Extension dated June 28, 1994 (collectively the "Lease"), pertaining to
certain space more particularly set forth therein, at the Shopping Center to
commonly known as Airport Commerce Park located on 4590 East Broad Street in
Columbus, Ohio 43213 and;

       WHEREAS, said Lease, if not extended would terminate January 31, 2000,
and;

       WHEREAS, Landlord and Tenant are desirous of extending the Lease in
accordance with the terms and conditions hereinafter set forth;

       NOW THEREFORE, in consideration of the mutual covenants and agreements
herein contained, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto, intending
to be legally bound, do hereby agree as follows:

                           STATEMENT OF MODIFICATIONS

1.     Landlord and Tenant hereby agree to extend the Lease for an additional
       period of eight (8) years commencing on February 1, 2000 and terminating
       on January 31, 2008.

2.     Section 9.b 0ptions to Extend Term is deleted in its entirety.

3.     Section 4. Rent and Charges is amended as follows:

          SUBSECTION A. Rent is deleted in its entirety and replaced with the
following:

       Rent for the period from February 1, 2000 through January 31, 2005 shall
be Four Hundred Thirty-Eight Thousand Four Hundred Thirty-Four and 25/100
Dollars ($438,434.25) per year, payable in advance in equal monthly installments
of Thirty-Six Thousand Five Hundred Thirty-Six and 19/100 Dollars ($36,536.19)
on or before the first day of each month of the extended term.

       Rent for the period of February 1, 2005 through January 31, 2008 shall
be Four Hundred Ninety Thousand Fourteen and 75/100 Dollars ($490,014.75) per
year, payable in advance in equal monthly installments of Forty Thousand
Eight Hundred Thirty-Four and 56/100 Dollars (40,834.56) on or before the
first day of each month of the extended term.

          SUBSECTION C. Common Area Charge is hereby amended as follows:

              1.     The first sentence of the fourth paragraph of Section 4.C,
                     shall be replaced with the following: The estimated amount
                     of Tenant's Common Area Charge shall be paid in monthly
                     installments in advance on the first day of each month in
                     the amount of $859.68.

              2.     The Common Area Charge shall exclude the items set forth
                     below which the Tenant hereby agrees to perform, at
                     Tenant's expense. Not including the premises structure
                     foundation and roof. Tenant shall pay all costs and
                     expenses associated with operating, maintaining,
                     refurbishing, replacing, improving, repairing the areas
                     highlighted on Exhibit "A" attached hereto in a first
                     class condition including:

                       4590 E. Broad Street - Columbus, OH 43213
                                        614/755-5000

<PAGE>

-      The parking field, sidewalks, curbs and loading dock service areas
-      Existing traffic directional signs and pavement striping plus striping of
       the parking field
-      Daily control of all exterior areas including garbage and trash removal
       and disposal plus weekly mechanical sweeping of sidewalks, dock service
       areas, drive lanes and the parking field.
-      The exterior lighting system including light poles, light fixtures,
       electric service lines and electric usage
-      Exterior amenities including benches, trash receptacles, ash urns,
       recreational furniture and equipment
-      Landscaped areas including plant materials, mulch, mowing, edging,
       trimming and weed control
-      Underground utility lines that serve the TENANT'S premise from meters
-      Snow and ice control and removal from sidewalks, dock areas and the
       parking field.

Plus TENANT will pay for the following:

-      Pro-rate share of general liability / miscellaneous casualty / umbrella
       insurance including the 15% administrative burden
-      Building insurance and property assessments for the premises
-      Pro-rate share of a storm water assessments should the City of Whitehall
       initiate and invoice a storm water cost recovery program

          SUBSECTION E. Fire and Extended Coverage Insurance is hereby amended
               by the addition of the following language:

Tenant will pay the following:

-      Tenant's share of general liability / miscellaneous casualty / umbrella
       insurance including the fifteen percent (15%) administrative burden.
-      Building insurance and property tax assessments for the premises.

       Except set forth herein, all other terms and provisions of the Lease
shall remain the same and the Landlord and the Tenant hereby ratify and
confirm the terms and provisions of the Lease as amended herein.

       IN WITNESS WHEREOF, Landlord and Tenant have executed this Modification
of Lease on the dates indicated below effective as of the date set forth
above.

Signed and acknowledged                LANDLORD:  OFFICE CITY, INC.
in the presence of:

/s/ [ILLEGIBLE]                        By: /s/ Frank S. Benson, III
------------------------------             ------------------------------
                                           Frank S. Benson, III - President

/s/ [ILLEGIBLE]                        By: /s/ Don M. Casto, III
------------------------------             ------------------------------
                                           Don M. Casto, III - Vice President /
                                           Secretary

STATE OF OHIO
COUNTY OF FRANKLIN

<PAGE>

       Before me, a notary public in and for mid County and State, personally
appeared LANDLORD, OFFICE CITY, INC., by Frank S. Benson, III it's President
and by Don M. Casto, III it's Vice President / Secretary who acknowledged the
signing of the foregoing instrument and that the same is the free act and
deed of the Corporation and the free act and deed of them.....

       IN TESTIMONY WHEREOF, I have hereunto set my hand and official seal, at
Columbus, Ohio, this 1st day of September, 1999.

                                         /s/ [ILLEGIBLE]
                                         -----------------------------
                                         Notary Public
                                         [SEAL]
                                         [ILLEGIBLE]

Signed and acknowledged          TENANT: ADS ALLIANCE DATA SYSTEMS, INC.
in the presence of:

/s/ [ILLEGIBLE]          By: /s/ [ILLEGIBLE] VP & Treasurer
-------------------          ---------------------------------------

/s/ [ILLEGIBLE]          By: /s/ [ILLEGIBLE] Technical Mgr.
-------------------          ---------------------------------------

STATE OF OHIO
COUNTY OF FRANKLIN

Before me, a notary public in and for said County and State, personally appeared
the above named TENANT, ADS ALLIANCE DATA SYSTEMS, INC.

By  [ILLEGIBLE]             Its  VP Treasurer
And By  [ILLEGIBLE]         Its  Technical Manager

Who acknowledged that they did sign the foregoing instrument and that the same
is the fee act and deed of said Corporation and the fee act and deed of each of
them personally and as such officers.

     IN TESTIMONY WHEREOF, I have hereunto set my hand and official seal, at
Columbus, Ohio, this 25 day of August, 1999.

                                         /s/ [ILLEGIBLE]
                                         -----------------------------
                                         Notary Public
                                         [ILLEGIBLE]
                                         NOTARY PUBLIC, STATE OF OHIO
                                         MY COMMISSION EXPIRES SEPT. 14, 1999

<PAGE>

                                    EXHIBIT A

                                      [MAP]

<PAGE>

                                                                    [LETTERHEAD]

April 20, 1998

CERTIFIED MAIL, RETURN RECEIPT REQUESTED

Office City, Inc.
209 East State Street
Columbus, OH 43215

Dear Sir or Madam:

RE:  Office Lease between Office City, Inc., Landlord, [ILLEGIBLE]
     World Financial Network National Bank, Tenant,
     dated December 24, 1986 for premises located at
     4590 E. Broad Street, Columbus, Ohio

This letter is to advise you that the Lease between Office City, [ILLEGIBLE]
Network National Bank dated December 24, 1986 has been a [ILLEGIBLE]
Financial Network National Bank to its affiliate, ADS Alliance Data Systems,
Inc., a Delaware corporation, effective February 1, 1998.

In accordance with Paragraph 6 of the Lease, enclosed is a copy of the executed
Assignment and Assumption Agreement.

You are requested to direct all future correspondence and notices to the
following:

                         ADS Alliance Data Systems, Inc.
                              Attn: General Counsel
                              800 TechCenter Drive
                                Gahanna, OH 43230

Very truly yours,

/s/ Karen A. Morauski
Karen A. Morauski
Counsel

jlh

<PAGE>

                                  [LETTERHEAD]

July 20, 1994

Mr. Robert N. Johnston
Leasing Representative
Don M. Casto Organization
209 East State Street
Columbus, Ohio 43215

RE:   LEASE EXTENSION - 4590 EAST BROAD ST, COLUMBUS OHIO 43213

Dear Bob:

Please acknowledge acceptance of the Lease Extension and "EXHIBIT A" by having
an authorized officer of Office City, Inc. sign the two (2) enclosed original
copies of the notification. Return one signed original copy to Tenant.

Very truly yours,

/s/ Nathan J. Tatum
Nathan J. Tatum
Director of Credit Operations

NJT/mb

Enclosures

<PAGE>

            LEASE EXTENSION - 4590 EAST BROAD ST, COLUMBUS OHIO 43213

This memorandum will serve as notice to Office City, Inc. ("Landlord") that
World Financial Network National Bank ("Tenant") has exercised the option to
extend the lease for the facility located at 4590 East Broad Street, Columbus
Ohio 43213 for an additional term of five years, commencing February 1, 1995, to
and including January 31, 2000, at the rental of $386,853.75 per annum.

Said lease is amended by EXHIBIT "A" to this Memorandum which outlines in more
specific terms tenant's expectations of landlord's responsibilities in
performing common area maintenance for leased property.

Said extension of Lease, as amended by EXHIBIT "A", is hereby ratified,
confirmed and executed by the duly authorized officers as of the dates appearing
in the acknowledgment clause below.

Signed and acknowledged in the
presence of the undersigned witnesses:

                                     LANDLORD:

                                     OFFICE CITY, INC.

/s/ Edyth M. Smith                   By:   /s/ Harley C. Schofield
---------------------------              --------------------------------------
                                           Harley C. Schofield, Asst. Secretary

/s/ Benna S. Waterfield                  /s/ Don M. Casto III
---------------------------             ---------------------------------------
                                           Don M. Casto III      Vice President

                                     TENANT:

                                     WORLD FINANCIAL NETWORK NATIONAL BANK

/s/ [ILLEGIBLE]                      By:   /s/ Ralph E. Spurgin
---------------------------             --------------------------------------
                                           Ralph E. Spurgin
                                           President and Chief Executive Officer

/s/ [ILLEGIBLE]
---------------------------

<PAGE>

                      ASSIGNMENT AND ASSUMPTION AGREEMENT

       THIS ASSIGNMENT AND ASSUMPTION AGREEMENT (the "Assignment") is made by
and between World Financial Network National Bank, the assignor ("Lessee") and
ADS Alliance Data Systems, Inc., a Delaware corporation ("Assignee").

       WHEREAS, Lessee has entered into that certain Lease dated December 24,
1986 ("Lease") with Office City, Inc. ("Lessor"); and

       WHEREAS, the Lease allows Lessee to assign its rights under the Lease to
the Assignee; and

       WHEREAS, Lessee wishes to sell, convey, assign and transfer all of its
right, title and interest in and to the Lease to Assignee; and

       WHEREAS, Assignee wishes to accept the sale, conveyance, assignment and
transfer of the Lease and to assume all of Lessee's obligations thereunder;

       NOW, THEREFORE, in consideration of the terms and conditions set forth
herein, Lessee and Assignee agree as follows:

       1. DEFINITIONS. Except as expressly provided herein, all capitalized
terms contained in this Lease shall have the meanings set forth in the Lease.
The Lease is incorporated herein by this reference.

       2. ASSIGNMENT AND ASSUMPTION OF LEASE. On the Effective Date of this
Assignment, Lessee hereby sells, conveys, assigns and transfers all of its
right, title and interest in and to the Lease to Assignee. Assignee hereby
accepts such sale, conveyance, assignment and transfer and hereby assumes all of
Lessee's obligations and responsibilities under the Lease. It is the express
intention of the parties that this assignment shall cause Assignee to be
substituted in the place and stead of Lessee for all purposes relating to the
Lease.

       3. FUTURE ASSIGNMENTS OF LEASE BY ASSIGNEE. Assignee agrees, recognizes
and acknowledges that any future assignment by it of the Lease will be subject
to the terms and conditions set forth in the Lease.

       4. REPRESENTATIONS AND WARRANTIES OF LESSEE. Lessee represents and
warrants to Assignee that:

        (a)    It is duly organized and existing under the laws of the
               state of its organization;

        (b)    The execution, delivery and performance of this Assignment have
               been duly authorized by all requisite action of Lessee's officers
               and directors, and will not violate or breach any provision of
               any organizational document or other agreement or instrument to
               which Lessee is a party;

                                  Page 1 of 3
<PAGE>

       10. FURTHER ASSURANCES. Subject to the terms and conditions hereof, each
party agrees to use its best efforts to do, or cause to be done, all things
necessary, proper or advisable under applicable laws and regulations to
consummate the transactions contemplated by this Assignment as expeditiously as
practicable including, without limitation, the performance of such further acts
or the execution and delivery of any additional instruments or documents as any
party may reasonably request from time to time in order to carry out the
purposes of this Assignment and the transactions contemplated hereby. This
Section shall survive the consummation of the transactions contemplated by this
Assignment.

       11. TIME OF THE ESSENCE. Time is of the essence with respect to the
performance of all transactions contemplated by this Assignment.

       12. EFFECTIVE DATE. The "Effective Date" of this Assignment shall be the
1st day of February, 1998.

       IN WITNESS WHEREOF, Lessee and Assignee have executed this Assignment as
of the day and year first above written.

                              WORLD FINANCIAL NETWORK NATIONAL BANK
                              --------------------------------------
                              ("LESSEE")

                              By: /s/ Robert Armiak
                                  ----------------------------------

                              Name:     Robert Armiak

                              Title:    Treasurer

                              Date:     February 1, 1998

                              ADS ALLIANCE DATA SYSTEMS, INC.
                              --------------------------------------
                              A DELAWARE CORPORATION ("ASSIGNEE")

                              By: /s/ Daniel T. Groomes
                                  ----------------------------------

                              Name:     Daniel T. Groomes

                              Title:    Executive Vice President

                              Date:     February 1, 1998

                                  Page 3 of 3

<PAGE>

                           LANDLORD'S ACKNOWLEDGEMENT

STATE OF OHIO       :
                         SS:
COUNTY OF FRANKLIN  :

       BE IT REMEMBERED, that on this 28th day of July, 1994, before me, the
subscriber, a Notary Public in and for the aforesaid county and state,
personally appeared the above named Landlord, Office City, Inc., by Don M.
Casto III and Harley C. Schofield its, Vice President and Asst. Sec., who, as
an officer, acknowledged to me, that he signed the foregoing Lease Extension.
Exhibit "A", pursuant to authority conferred upon him by said corporation,
and that the signing of said instrument was his own free act and deed as such
officer, for and as the free act and deed of said corporation for the uses
and purposes therein set forth.

       IN TESTIMONY WHEREOF, I have hereunto subscribed my name and affixed the
official seal of my office at Columbus in the State of Ohio on the day and year
last above written.

       (SEAL)                                    /s/ Edyth M. Smith
                                                ------------------------------
                                                       NOTARY PUBLIC

                                                         EDYTH M. SMITH
                                        [SEAL]    NOTARY PUBLIC, STATE OF OHIO
                                                   COMMISSION EXPIRES 8-26-95

                             TENANT'S ACKNOWLEDGMENT

STATE OF OHIO       :
                         SS:
COUNTY OF FRANKLIN  :

       BE IT REMEMBERED, that on this 21st day of July, 1994, before me, the
subscriber, a Notary Public in and for the aforesaid county and state,
personally appeared the above named Tenant, World Financial Network National
Bank, by Ralph E. Spurgin, its President and Chief Executive Officer, who
acknowledged to me, that he signed the foregoing Lease Extension Exhibit "A",
pursuant to authority conferred upon him by said corporation, and that the
signing of said instrument was his own free act and deed as such officer, for
and as the free act and deed of said corporation for the uses and purposes
therein set forth.

       IN TESTIMONY WHEREOF, I have hereunto subscribed my name and affixed the
official seal of my office at Columbus in the State of Ohio on the day and year
last above written.

       (SEAL)
                                                /s/ Melissa L. Coyer
                                                ------------------------------
                                                       NOTARY PUBLIC

                                                      MELISSA L. COYER
                                        [SEAL]  NOTARY PUBLIC, STATE OF OHIO
                                             MY COMMISSION EXPIRES JULY 18, 1997

<PAGE>

LEASE EXTENSION                                                     EXHIBIT "A"
4590 East Broad Street
Columbus, Ohio 43213

I.     LANDSCAPING:

       A.     HOWELL'S TREE & LANDSCAPE SERVICE

              -      Mulch all planters with grade A mulch annually
              -      Dormant oil spray in early spring on all trees and existing
                     junipers
              -      Spray all trees and junipers in late June or at the
                     appropriate time for control of bag worms
              -      Trim all trees to shape and deadwood removal annually.
              -      Turn beds to keep mulch fresh looking - one (1) time per
                     month

       B.     UNITED MANAGEMENT PERSONNEL

              -      Mow lawn as needed-minimum one (1) time per week
              -      Hand pick trash from beds and site one (1) time per week
              -      Edge lawn along Broad Street and Schofield Drive 1 time per
                     week

II.    SWEEPING AND SITE CLEANING

       A.     CONTRACT SWEEPERS

              -      Sweep all paved parking areas, including rear drive - two
                     (2) times/week (broken glass, litter, and other debris). NO
                     HAND PICKING IS INCLUDED

       B.     UNITED MANAGEMENT

              -      Hand pick trash-daily
              -      Sweep main walk on Broad St. as needed to remove gravel,
                     salt, and debris
              -      Truck docks swept and drains cleaned as required - minimum
                     once per week

III.   SNOW REMOVAL/ICE TREATMENT

       A.     UNITED MANAGEMENT

              -      Push snow after accumulation of two (2) inches
              -      Salt if less than two (2) inches or during any icing
                     condition. Normally done at 3 o'clock a.m. and checked
                     again after lunch; recheck 8 or 9 o'clock p.m. and repeat
                     as necessary
              -      Dock area is included in the above, but is to receive
                     calcium chloride if temperature is less than 15 degrees

<PAGE>

IV.    SITE LIGHTING

       A.     Establish a light pole numbering system for each to track any
              recurring problems with specific parking lot lights.

       B.     Determine solution to eliminate splice electrical boxes in ground
              to avoid shortage caused by wires subject to water.

       C.     With tenants approval, rewire lighting poles wiring system to
              correct any problem, if necessary.

V.     ASPHALT WORK / SITE WORK

       A.     MAIN DRIVE IN FRONT OF BUILDING. Take core samples and water
              sample to determine apparent problem with hydrostatic pressure or
              other causes for standing water at this location. Consider rework
              of sub-base, and milling off existing surface with new overlay in
              order to allow roof runoff outlets at the curb to drain properly.

       B.     MAIN DRIVE FROM BROAD STREET. Take grade level readings of
              existing conditions to determine best method of channeling water
              to the drain. Some milling of the surface may be required along
              with adding curb drains and piping to the nearest storm line to
              solve the problem. Also consider removing much of the concrete
              divider island and replacing it with striping. Overlay asphalt as
              necessary to complete the repair. For the balance of this
              driveway, patch and seal cracks as required.

       C.     Inspect recent overlay areas and determine extent of any major
              problems that require additional work. Otherwise, seal hairline
              cracks with flexible sealer to keep moisture from penetrating the
              surface.

       D.     MAIN EAST-WEST DRIVE LANE. Identify worst areas, cut out and
              patch. Take grade readings to determine if overlay can be done to
              allow proper drainage or if milling is needed to bring the surface
              in line with the new overlay height.

       E.     RESTRIPING. Complete annually.

       F.     SIDEWALKS. Repair, replace sections as requested by tenant in
              parking lot, along Broad Street, and in front of the building.

       G.     TRUCK DOCK. Complete, at landlords sole expense, necessary
              adjustments to the grade and slope of the truck docks to meet
              code. Such work is to be completed at a date mutually agreed to by
              both parties but must be completed no later than November 1, 1994.

NOTE:
CONTRACTOR & UNITED MANAGEMENT PERSONNEL ARE TO LOG IN AND OUT AT FRONT DESK.
PAYMENT TO CONTRACTOR WILL BE BASED ON THE SIGN-IN LOGS.

<PAGE>

                         THIRD AMENDMENT TO OFFICE LEASE

       This Third Amendment to Office Lease made this 4th day of August, 1989,
by and between Office City, Inc., "Landlord", and World Financial Network
National Bank, "Tenant",

                                  WITNESSETH:

       WHEREAS, Landlord and Tenant's Assignor, World Financial Network, Inc.,
entered into that certain Office Lease dated December 24, 1986, amended by
Amendment to Office Lease dated January 19, 1987, verified by Lease Verification
dated June 11, 1987, assigned by World Financial Network, Inc. to The Limited
Credit Services, Inc. on May 27, 1987, amended by Second Amendment to Office
Lease dated May 11, 1988, and assigned by The Limited Credit Services, Inc. to
Tenant on May 1, 1989, hereinafter collectively referred to as "Lease"; and

       WHEREAS, the parties desire to amend the Lease to give Tenant the right
to contract for the installation of a communication services tower at the leased
premises and to further give Tenant the right to maintain said tower during the
lease term.

       NOW, THEREFORE, effective January 1, 1989, the parties amend the Office
Lease as follows:

       Section 27. Communication Services Tower is added to the lease and
the following shall be made a part thereof:

       Landlord hereby grants Tenant the right to contract for the construction
and installation of a communication systems tower to be approximately sixty feet
(60') high and would be erected at a point approximately ten feet (10') away
from the northwest corner of the building leased to the Tenant. The Tenant shall
be responsible, at its own expense, for the construction, installation,
maintenance, repair and removal of said tower during the term of the Lease. The
Tenant hereby

                                      -1-
<PAGE>

agrees to hold the Landlord harmless from liability for any damages resulting
from the construction, installation, maintenance, repair and removal of the
communication systems tower, except if due to acts, omissions or negligence of
the Landlord or its agents, employees or contractors.

       Said Office Lease, as hereby amended, remains in full force and effect
and is hereby ratified and confirmed by the parties.

       IN WITNESS WHEREOF, the parties have caused this Third Amendment to
Office Lease to be executed in four (4) counterparts by their respective duly
authorized officers as of the dates appearing in the acknowledgment clauses
below.

Signed and Acknowledged                 LANDLORD:
in the presence of the                  Office City, Inc.
undersigned Witnesses:

/s/ [ILLEGIBLE]                         By: /s/ Don M. Casto, III
------------------------                    ----------------------------
                                               Don M. Casto, III,
                                               Vice President

/s/ Marianne H. Bricker                 By: /s/ Harley C. Schofield
------------------------                    ----------------------------
                                               Harley C. Schofield
                                               Assistant Secretary

                                        TENANT:
                                        World Financial Network National Bank

/s/ Pamela A. Somerville                By: /s/ John DeWolf
------------------------                    ----------------------------
                                               John DeWolf,
                                               Vice President-Real
                                               Estate Counsel

/s/ [ILLEGIBLE]                         By: /s/ George Sappenfield
------------------------                    ----------------------------
                                               George Sappenfield
                                               Vice President-Real Estate

                              ------------------------------------
                              LEGAL FORM APP'D         PAS
                              ------------------------------------
                              AS PER DIGEST
                              ------------------------------------
                              DIGEST APP'D
                              ------------------------------------

                           LANDLORD'S ACKNOWLEDGMENT

STATE OF OHIO       :
                         SS:
COUNTY OF FRANKLIN  :

       BE IT REMEMBERED, that on this 4th day of August, 1989, before me, the
subscriber, a Notary Public in and for the aforesaid county and state,
personally appeared the above named Landlord, Office City, Inc., by Don M.
Casto, III, its Vice President, and Harley C. Schofield, its Assistant
Secretary, both of whom, as such officers, acknowledged to me that they signed
the foregoing Third Amendment to Lease, pursuant to authority conferred upon
them by said corporation, and that the signing of said instrument was their free
act and deed as such officers, for and as the free act and deed of said
corporation for the uses and purposes therein set forth.

       IN TESTIMONY WHEREOF, I have hereinto subscribed my name and affixed the
official seal of my office at Columbus in the State of Ohio on the day and year
first above written.

(SEAL)                                          /s/ Marianne H. Bricker
                                           ---------------------------------
                                                   NOTARY PUBLIC

                                                      MARIANNE H. BRICKER
                                                  NOTARY PUBLIC, STATE OF OHIO
                                                 MY COMMISSION EXPIRES 1-28-92

                                      -2-
<PAGE>

                             TENANT'S ACKNOWLEDGMENT

STATE OF OHIO       :
                         SS:
COUNTY OF FRANKLIN  :

       BE IT REMEMBERED, that on this 26th of July, 1989, before me, the
subscriber, a Notary Public in and for the aforesaid county and state,
personally appeared World Financial Network National Bank, Tenant in the
foregoing Lease, by John DeWolf, its Vice President-Real Estate Counsel and
George Sappenfield, its Vice President-Real Estate, who as such officers,
acknowledged to me that they signed the foregoing Third Amendment to Office
Lease pursuant to proper corporate authorization, and that the signing of
said instrument was their free act and deed as such officer and for and as
the free act and deed of said corporation, for the uses and purposes therein
set forth.

       IN TESTIMONY WHEREOF, I have hereinto subscribed my name and affixed the
official seal of my office at Columbus in the State of Ohio on the day and year
last above written.

       (SEAL)
                                               /s/ Pamela A. Somerville
                                           ---------------------------------
                                                    NOTARY PUBLIC

                                                 PAMELA A. SOMERVILLE
                                           NOTARY PUBLIC, STATE OF OHIO
                                      MY COMMISSION EXPIRES FEBRUARY 25, 1993

<PAGE>

                             LIMITED CREDIT SERVICES
                              4590 E. BROAD STREET
                              COLUMBUS, OHIO 43218

                                                                  April 26, 1989

Don M. Casto Organization
209 E. State Street
Columbus, Ohio 43215

Dear Sir:

       On March 1, 1987 Limited Credit Services, Inc. (LCS) World Financial
Network, Inc. (WFN) and Don M. Casto Organization entered into a contract for
the lease on the building on East Broad Street.

       We have received permission from an agency of the federal government to
reorganize as a national bank which will be called World Financial Network
National Bank (WFNNB). In order to accomplish this reorganization, we must
assign the contract to WFNNB.

       In accordance with Section 6 of the contract references above, we hereby
request your consent to assign, as of May 1, 1989, our rights and
responsibilities under the contract to WFNNB. Failure to object to this
assignment as defined in the contract will act as your consent. It should be
noted that, except for the change in name, you should not observe any
operational changes as a result of this assignment.

       If you should have any questions concerning the assignment and your
contractual relationship with (LCS) (WFN)/WFNNB, please feel free to contact me.

       Thank you for your cooperation in this matter.

                                  Sincerely,

                                  /s/ Jim Johnson
                                  Jim Johnson
                                  Manager, Building Services

JJ/mb

cc: Robert McAndrew, Limited Corp.

<PAGE>

                           BILL OF SALE AND ASSIGNMENT

       This Bill of Sale and Assignment is executed as of the day of the 1st day
of May, 1989 between LIMITED CREDIT SERVICES, INC., a Delaware corporation
("LCS") and WORLD FINANCIAL NETWORK NATIONAL BANK, a national banking
association and sole stockholder of LCS ("Bank").

                              W I T N E S S E T H:

       WHEREAS, the Board of Directors of LCS and Bank have approved the
dissolution, liquidation and winding up of LCS; and

       WHEREAS, LCS is distributing its assets to Bank and Bank is undertaking
to refund the liabilities of LCS.

       NOW THEREFORE, the parties hereto agree as follows:

       Section 1. ASSETS TRANSFERRED. In cancellation of the shares of LCS owned
by Bank, LCS hereby grants, sells, transfers and delivers to Bank, all of LCS's
right, title and interest in the assets of LCS, to have and to hold forever,
including, without limitation, the following: all stock certificates, stock
ledger books and stock ledgers, minute books and tax returns of LCS, and all tax
refunds and deposits receivable. LCS hereby appoints Bank as its
attorney-in-fact to demand, receive, and collect for its own use and benefit all
debts and obligations now owing to LCS. LCS further authorizes Bank to do all
things legally permissible required to recover and collect such debts and
obligations and to use LCS's name in such manner as Bank may deem necessary for
the collection and recovery of such debts and obligations.

       Section 2. REFUNDING OF LIABILITIES. Bank will provide for the refunding
of the liabilities and obligations of LCS, including, without limitation, the
liabilities and obligations of LCS, arising or continuing after the date hereof,
whether matured or unmatured, other than liabilities which by their terms
preclude recourse against LCS.

       The parties hereto have executed this instrument as of the day and year
first written above.

                                      LIMITED CREDIT SERVICES, INC.

                                      By: /s/ Timothy B. Lyons
                                          --------------------------------------
                                          Timothy B. Lyons, Vice President

                                      WORLD FINANCIAL NETWORK NATIONAL
                                      BANK

                                      By: /s/ Ralph E. Spurgin
                                          --------------------------------------
                                          Ralph E. Spurgin, President

<PAGE>

                        SECOND AMENDMENT TO OFFICE LEASE

       This Second Amendment to Office Lease made this 11th day of May, 1988,
by and between Office City, Inc., Landlord, and The Limited Credit
Services, Inc., Tenant,

                                   WITNESSETH:

       WHEREAS, Landlord and Tenant's Assignor, World Financial Network, Inc.,
entered into that certain Office Lease dated December 24, 1986, amended by
Amendment to Office Lease dated January 19, 1987, verified by Lease Verification
dated June 11, 1987 and assigned by World Financial Network, Inc. to Tenant on
May 27, 1987, hereinafter collectively referred to as "Lease"; and

       WHEREAS, the parties desire to amend the Lease to provide for Tenant's
immediate exercise of its options to extend term, grant additional options to
extend, acknowledge Landlord's approval of Tenant's plans and specifications for
Tenant's proposed alterations to the demised premises and give Tenant's approval
of a proposed dedication of a public street by Landlord,

       NOW, THEREFORE, effective April 1, 1988 the parties amend the Office
Lease as follows:

       1. The typed portion of Section 3 is deleted and the following
substituted therefor:

              The term of this Lease is eight (8) years beginning on the 1st day
       of February, 1987, and ending on the last day of January, 1995, unless
       terminated earlier, as hereinafter provided, or extended, at the option
       of Tenant, for one or two five-year option term(s), as permitted by
       Section 9, infra.

       2.A The first sentence of Section 9 is deleted and the following is
substituted therefor:

              Landlord hereby grants Tenant two (2) options to extend the term
       of this Lease, each for five (5) years, the first of which, if exercised,
       shall commence at the end of the term of the Lease ("first option term")
       and the second ("second option term") at the end of the first option
       term.

                                       1
<PAGE>

       B. The last paragraph of Section 9 is amended by deleting the period and
adding the following at the end of the paragraph:

       and instead of the rent set forth in Section 4.A. the annual rent for
       each year of the option term(s) shall be as follows:

              (a) The annual rent for each year of the first option term shall
       be $386,853.75 per annum which shall be paid in equal monthly
       installments, in advance on the first day of each and every
       month thereof, in the amount of $32,237.81.

              (b) The annual rent for each year of the second option term shall
       be $490,014.75 per annum which shall be paid in equal monthly
       installments, in advance on the first day of each and every month
       thereof, in the amount of $40,834.56.

       3. Landlord hereby consents to the Tenant's proposed alterations of and
improvements to the demised premises which are shown and described in the latest
revisions, dated 01/13/88, to the plans and specifications for the demised
premises prepared for Tenant by Acock Schlegel Architects and M-E Building
Consultants, consisting of 15 pages.

       4. Tenant hereby consents to Landlord's dedicating to the City of
Whitehall, the westerly 60' wide strip of the parking lot of the shopping
center, presently used as an entrance-exit and service driveway, for purposes of
a public road which would extend from East Broad Street to Poth Road.

       5. Landlord warrants to Tenant that during the term of this Lease there
shall not be less than 756 parking spaces available in the Shopping Center for
Tenant, the other lessees of the Shopping Center and the respective agents,
employees, customers and invitees of Tenant and the other lessees.

       Said Office Lease, as hereby amended, remains in full force and effect
and is hereby ratified and confirmed by the parties.

       IN WITNESS WHEREOF, the parties have caused this Second Amendment to
Office Lease to be executed in four (4)

                                        2

<PAGE>

counterparts by their respective duly authorized officers as of the dates
appearing in the acknowledgment clauses below.

Signed and Acknowledged                Landlord:
in the presence of the                 Office City, Inc.
undersigned Witnesses:

/s/ [ILLEGIBLE]                        By: /s/ Don M. Casto, III
------------------------                   ----------------------------
                                              Don M. Casto, III, Vice President

/s/ Marianne H. Bricker                        By: /s/ Harley C. Schofield
------------------------                   ----------------------------
                                              Harley C. Schofield Assistant
                                              Secretary

                                       Tenant:
                                       The Limited Credit
                                       Services, Inc.

/s/ [ILLEGIBLE]                        By: /s/ Jerald M. Dick
------------------------                   ----------------------------
                                              Jerald M. Dick, Vice President

/s/ [ILLEGIBLE]
------------------------

                           LANDLORD'S ACKNOWLEDEGMENT

STATE OF OHIO       :
                         SS:
COUNTY OF FRANKLIN  :

       BE IT REMEMBERED, that on this 11th day of May, 1988, before me, the
subscriber, a Notary Public in and for the aforesaid county and state,
personally appeared the above named Landlord, Office City, Inc., by Don M.
Casto, III, its Vice President, and Harley C. Schofield, its Assistant
Secretary, both of whom, as such officers, acknowledged to me that they
signed the foregoing Second Amendment to Lease, pursuant to authority
conferred upon them by said corporation, and that the signing of said
instrument was their free act and deed as such officers, for and as the free
act and deed of said corporation for the uses and purposes therein set forth.

       IN TESTIMONY WHEREOF, I have hereinto subscribed my name and affixed the
official seal of my office at Columbus in the State of Ohio on the day and year
last above written.

       (SEAL)
                                                /s/ Marianne H. Bricker
                                           ---------------------------------
                                                    Notary Public

                                                MARIANNE H. BRICKER
                                           NOTARY PUBLIC, STATE OF OHIO
                                           MY COMMISSION EXPIRES 1-28-92

                              LEGAL FORM APP'D         [ILLEGIBLE]
                              ------------------------------------
                              AS PER DIGEST            [ILLEGIBLE]
                              ------------------------------------
                              DIGEST APP'D
                              ------------------------------------

                                        3
<PAGE>

                            TENANT'S ACKNOWLEDGEMENT

STATE OF OHIO       :
                         SS:
COUNTY OF FRANKLIN  :

       BE IT REMEMBERED, that on this 9th day of May, 1988, before me, the
subscriber, a Notary Public in and for the aforesaid county and state,
personally appeared The Limited Credit Services, Inc., Tenant in the
foregoing Lease, by Jerald M. Dick its Vice President, who as such officer,
acknowledged to me that he signed the foregoing Second Amendment to Lease
pursuant to proper corporate authorization, and that the signing of said
instrument was his free act and deed as such officer and for and as the free
act and deed of said corporation, for the uses and purposes therein set forth.

       IN TESTIMONY WHEREOF, I have hereinto subscribed my name and affixed the
official seal of my office at Columbus in the State of Ohio on the day and year
last above written.

       (SEAL)
                                                /s/ Pamela A. Somerville
                                           ---------------------------------
                                                    Notary Public

                                               PAMELA A. SOMERVILLE
                                           NOTARY PUBLIC, STATE OF OHIO
                                      MY COMMISSION EXPIRES FEBRUARY 25,1993

                                       4
<PAGE>

                               LEASE VERIFICATION

       This Verification made this 11th day of June, 1987, by and between OFFICE
CITY, INC., Landlord, and THE LIMITED CREDIT SERVICES, INC., Tenant,

                                   WITNESSETH

       WHEREAS, the parties entered into that certain Lease dated December 24,
1986 under which Landlord leased to Tenant Storeroom # 1 of Office City Shopping
Center, and,

       WHEREAS, the exact commencement date was not specified in the Lease, but
has now been determined,

       NOW, THEREFORE, the parties hereby clarify said Lease by establishing the
"Rent Commencement Date" as May 15, 1987. The term commenced on February 1,
1987, and will end on January 31, 1991, unless the Tenant has and exercises
option(s) to extend the term.

       It is further agreed that except for stipulating the aforesaid dates,
this Verification does not in any other way modify, amend or supplement the
Lease which remains in full force and effect.

       IN WITNESS WHEREOF, Landlord has caused these presents to be signed and
Tenant has hereby executed the same on the date first stated above.

                                        LANDLORD: OFFICE CITY, INC.

                                        By: /s/ Don M. Casto
                                           ------------------------------------
                                             Don M. Casto, III, Vice President

                                        TENANT: THE LIMITED CREDIT
                                        SERVICES, INC.

                                        /s/ Jerald M. Dick
                                           ------------------------------------
                                             Jerald M. Dick, Vice President

<PAGE>

                               ASSIGNMENT OF LEASE

       WORLD FINANCIAL NETWORK, INC., a Delaware corporation, hereinafter called
the "Assignor", for the One Dollar ($1.00) and other good and valuable
consideration to it paid, hereby assigns, sets over, transfers, and conveys,
effective as of 20th of Jan, 1987, to THE LIMITED CREDIT SERVICES, INC., a
Delaware corporation, hereinafter called the "Assignee", all of the Assignor's
right, title and interest in and to a certain Lease, dated December 24, 1986 as
amended January 19, 1987, between Assignor, as Tenant and Office City, Inc., as
Landlord, for premises being 103,161 square feet of space known as 4590 East
Broad Street, Columbus, Ohio (the "Lease").

       Together with all of the estate, title and interest of the Assignor in
the Lease and in said premises.

       The Assignor covenants and agrees that the Lease is in full force and
effect, and that there has been no default in any of the conditions, covenants
and other provisions on the part of said Assignor to be kept and performed.

       The Assignee, in consideration of this Assignment, covenants and agrees
to keep and perform all the conditions, covenants and provisions of the Lease to
be kept and performed by the Tenant therein, and to indemnify and save harmless
the Assignor from and against all loss and expense by reason of any default of
the Assignee in respect thereto.

       IN WITNESS WHEREOF, the Assignor and the Assignee have caused this
Assignment to be executed on this 27th day of May, 1987.

Signed and acknowledged                 WORLD FINANCIAL NETWORK, INC.
in the presence of:

/s/ [ILLEGIBLE]                        By:  /s/ Jerald M. Dick
------------------------                   ----------------------------------
                                            Jerald M. Dick

/s/ [ILLEGIBLE]                        Its: Vice President
------------------------
                                                                 ASSIGNOR

                                        THE LIMITED CREDIT SERVICES, INC.

/s/ [ILLEGIBLE]                          By: /s/ Jerald M. Dick
------------------------                   ----------------------------------
                                             Jerald M. Dick

/s/ [ILLEGIBLE]                         Its: Vice President
------------------------
                                                                 ASSIGNEE

CONSENT OF LANDLORD AND RELEASE

The Landlord hereby consents to the Assignment of the referenced lease from
World Financial Network, Inc. to The Limited Credit Services, Inc. and releases
World Financial Network, Inc. from liability thereunder as though World
Financial Network, Inc. had never been a party thereto.

                                        OFFFICE CITY, INC.

                                        By: /s/ Don M. Casto, III
                                            -----------------------------------
                                             Don M. Casto, III, Vice President
CONSENT OF GUARANTOR

The undersigned Guarantor of the lease hereby consents to the Assignment and
acknowledges that the Guaranty shall remain in full force and effect.

                                        THE LIMITED, INC.

                                        By: /s/ Jerald M. Dick
                                            -----------------------------------
                                             Jerald M. Dick
                                             Its Vice President

[ILLEGIBLE]

<PAGE>

STATE OF OHIO,

COUNTY OF FRANKLIN, ss:

       BEFORE ME, the undersigned authority on this date personally appeared
Jerald M. Dick, Vice President of WORLD FINANCIAL NETWORK, INC., a Delaware
corporation, known to me to be the person and officer whose name is subscribed
to the foregoing instrument and being by me first duly sworn acknowledged to me
that he executed the same as the act and deed of such corporation for the
purposes and consideration therein expressed, and in the capacity therein
stated.

       GIVEN UNDER MY HAND AND SEAL OF OFFICE this 28th day of May, 1987.

                                             /s/ Susan T Edwards
                                             ----------------------------
                                             NOTARY PUBLIC

                                        SUSAN T EDWARDS, Notary Public
                                                  State of Ohio
                                       My Commission Expires April 6 1989

STATE OF OHIO,
COUNTY OF FRANKLIN, ss:

       BEFORE ME, the undersigned authority, on this date personally appeared
Jerald M. Dick, Vice President of THE LIMITED CREDIT SERVICES, INC., a Delaware
corporation, known to me to be the person and officer whose name is subscribed
to the foregoing instrument and being by me first duly sworn acknowledged to me
that he executed the same as the act and deed of such corporation for the
purposes and consideration therein expressed, and in the capacity therein
stated.

       GIVEN UNDER MY HAND AND SEAL OF OFFICE this 28th day of May, 1987.

                                             /s/ Susan T Edwards
                                             ----------------------------
                                             NOTARY PUBLIC

                                        SUSAN T EDWARDS, Notary Public
                                                  State of Ohio
                                       My Commission Expires April 6 1989

                                      -2-
<PAGE>

                            AMENDMENT TO OFFICE LEASE

       This Amendment to Office Lease made this 19th day of January, 1987, by
and between Office City, Inc., Landlord and World Financial Network, Inc.,
Tenant,

                                  WITNESSETH:

       WHEREAS, the parties who entered into that certain Office Lease dated
December 24, 1986, desire to correct inadvertent errors as to length of the term
and number of options to renew,

       NOW, THEREFORE, the parties amend the Office Lease effective December 24,
1986, as follows:

       1. The typed portion of Section 3 is deleted and the following
substituted therefor:

              The term of this Lease is four (4) years beginning on the 1st day
       of February, 1987, and ending on the last day of January, 1991, unless
       terminated earlier, as hereinafter provided, or extended, at the option
       of Tenant, for four 1-year renewal periods, as permitted by Section 9,
       infra.

       2. The first sentence of Section 9 is deleted and the following
substituted therefor:

              Landlord hereby grants Tenant four (4) options to extend the term
       of this Lease, each for one (1) year, the first of which, if exercised,
       shall commence at the end of the term of the Lease ("first option term")
       and the remaining three on each successive year thereafter.

       Said Office Lease, as hereby amended, remains in full force and effect
and is hereby ratified and confirmed by the parties.

       In Witness Whereof, the parties have caused this Amendment to Office
Lease to be executed in six (6) counterparts by their respective duly authorized
officers as of the dates appearing in the acknowledgment clauses below.

       Signed and Acknowledged          LANDLORD:
       in the Presence Of:              OFFICE CITY, INC.

       /s/ [ILLEGIBLE]                  By: /s/ F.S. Benson, Jr.
       ------------------------             ----------------------------
                                        F.S. Benson, Jr., President

       /s/ [ILLEGIBLE]                  By: /s/ Harley C. Schofield
       ------------------------             ----------------------------
                                        Harley C. Schofield
                                        Assistant Secretary

                                       1
<PAGE>

                                        TENANT:
                                        World Financial Network, Inc.

       /s/ [ILLEGIBLE]                  By: /s/Jerald M. Dick
       ------------------------             ----------------------------
                                               VICE PRESIDENT

       /s/ [ILLEGIBLE]
       ------------------------

                            LANDLORD'S ACKNOWLEDGMENT

STATE OF OHIO       :
                    :    SS:
COUNTY OF FRANKLIN  :

       BE IT REMEMBERED, that on this 16th day of January, 1987, before me, the
subscriber, a Notary Public in and for the aforesaid county and state,
personally appeared the above named Landlord, Office City, Inc., by F. S.
Benson, Jr., its President and Harley C. Schofield, its Assistant Secretary,
both of whom, as such officers, acknowledged to me that they signed the
foregoing Lease, pursuant to authority conferred upon them by said corporation,
and that the signing of said Lease was their free act and deed as such officers,
for and as the free act and deed of said corporation for the uses and purposes
therein set forth.

       IN TESTIMONY WHEREOF, I have hereunto subscribed my name and affixed the
official seal of my office at Columbus in the State of Ohio on the day and year
last above written.

                                           /s/ Jeanette M. Heselden
                                         ------------------------------
                                               Notary Public
                                            JEANETTE M. Heselden
                                         Notary Public State of Ohio
                                        My commission expires 7-13-89

                            TENANT'S ACKNOWLEDGMENT

STATE OF OHIO       :
                    :    SS:
COUNTY OF FRANKLIN  :

       BE IT REMEMBERED, that on this ____ day of January, 1987, before me, the
subscriber, a Notary Public in and for the aforesaid county and state,
personally appeared the above named World Financial Network Inc., Tenant in the
Foregoing Lease, by Jerald M. Dick its Vice President who as such officer,
acknowledged to me that he signed the foregoing Lease pursuant to proper
corporate authorization, and that the signing of said Lease was his free act and
deed as such officers and for and as the free act and deed of said corporation,
for the uses and purposes therein set forth.

       IN TESTIMONY WHEREOF, I have hereunto subscribed my name and affixed the
official seal of my office at Columbus in the State of Ohio on the day and year
last above written.

                                              /s/ Elizabeth G. Grim
                                         ------------------------------
                                                   Notary Public

                                                ELIZABETH G. GRIM
                                           NOTARY PUBLIC, STATE OF OHIO
                                       MY COMMISSION EXPIRES DEC. 10, 1989

                                       2
<PAGE>

                               GUARANTOR'S CONSENT

       The Limited, Inc., Guarantor of Tenant's obligations under the above
Office Lease, hereby consents, this 19th day of January, 1987, to the above
Amendment.

                                        THE LIMITED, INC.

                                        By: /s/ Jerald M. Dick
                                           --------------------------------

                                       3

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