Document:

Exhibit 10(c)

                           JAMES MONROE BANCORP, INC.
                         1999 DIRECTOR STOCK OPTION PLAN

         1.       PURPOSE OF PLAN.

         The purposes of this James Monroe Bancorp,  Inc.  ("Corporation")  1999
Director Stock Option Plan are to enable the  Corporation to continue to attract
and retain  outstanding  outside Directors of the Corporation and to further the
growth,   development   and  financial   success  of  the  Corporation  and  its
wholly-owned subsidiary, James Monroe Bank.

         2.       DEFINITIONS.

                  As used herein, the following definitions shall apply:

         (a)  "Affiliate"  shall mean any "parent  corporation"  or  "subsidiary
corporation" of the Corporation, as such terms are defined in Section 424(e) and
(f), respectively, of the Code.

         (b)  "Agreement"  shall  mean  a  written  agreement  entered  into  in
accordance with Paragraph 5(c).

         (c) "Awards" shall mean a grant of Options,  unless the context clearly
indicates a different meaning.

         (d) "Corporation" shall mean James Monroe Bancorp, Inc.

         (e) "Board" shall mean the Board of Directors of the Corporation.

         (f)  "Change in  Control"  shall mean any one of thc  following  events
occurring after the Effective Date: (1) the acquisition of ownership of, holding
or power  to vote  more  than 51% of the  Corporation's  voting  stock;  (2) thc
acquisition  of  the  power  to  control  the  election  of a  majority  of  thc
Corporation's  directors;  (3) the exercise of a controlling  influence over thc
management or policies of the  Corporation by any person or by persons acting as
a "group" (within the meaning of Section 13(d) of the Securities Exchange Act of
1934);  or (4) the  failure  of  Continuing  Directors  to  constitute  at least
two-thirds  of the Board  during any period of two (2)  consecutive  years.  For
purposes  of  this  Plan,   "Continuing  Directors"  shall  include  only  those
individuals  who were members of the Board at the Effective Date and those other
individuals  whose  election or nomination for election as a member of the Board
was approved by a vote of at least  two-thirds of the Continuing  Directors then
in office.  For purposes of this subparagraph  only, the term "person" refers to
an individual or a corporation,  partnership, trust, association, joint venture,
pool, syndicate, sole proprietorship,  unincorporated  organization or any other
form of entity not specifically  listed herein. The decision of the Committee as
to whether a change in control has occurred shall be conclusive and binding.

         (g) "Code" shall mean the Internal Revenue Code of 1986, as amended.

         (h)  "Committee"  shall  mean  the  entire  Board of  Directors  of the
Corporation which shall serve as the Stock Option Committee.

         (i) "Common  Stock"  shall mean the common  stock,  par value $1.00 per
share, of the Corporation.

         (j)  "Effective  Date" shall mean the date  specified  in  Paragraph 13
hereof.

         (k) "Exercise  Price" shall mean the price per Optioned  Share at which
an Option may be exercised.

         (l)  "Market  Value"  shall  mean the fair  market  value of the Common
Stock, as determined under Paragraph 7(b) hereof.

         (m) "Optioned  Shares" shall mean Shares  subject to an Option  granted
pursuant to this Plan.

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         (n) "Options" shall mean options granted pursuant to this Plan.

         (o) "Participant"  shall mean any person who receives an Award pursuant
to the Plan.

         (p) "Plan" shall mean this James Monroe  Bancorp,  Inc.  1999  Director
Stock Option Plan.

         (q)  "Rule  16b-3"  shall  mean  Rule  16b-3 of the  General  Rules and
Regulations under the Securities Exchange Act of 1934, as amended.

         (r) "Share" shall mean one share of Common Stock.

         3.       TERM OF THE PLAN AND AWARDS.

                  (a) TERM OF THE PLAN.  The Plan shall continue in effect for a
term of five (5)  years  from  the  Effective  Date,  unless  sooner  terminated
pursuant to Paragraph 16 hereof.  No Award shall be granted under the Plan after
five (5) years from the Effective Date.

                  (b) TERM OF AWARDS.  The term of each Award  granted under the
Plan shall be established by the Committee, but shall not exceed ten (10) years.

         4.       SHARES SUBJECT TO THC PLAN.

         Except as otherwise  required by the provisions of Paragraph 12 hereof,
the aggregate number of Shares  deliverable  pursuant to Awards shall not exceed
66,880 Shares.  Optioned  Shares may either be authorized but unissued Shares or
Shares held in treasury.  If Awards should expire,  become  unexercisable  or be
forfeited for any reason  without  having been  exercised in full,  the Optioned
Shares shall,  unless the Plan shall have been terminated,  be available for the
grant of additional Awards under the Plan.

         5.       ADMINISTRATION OF THC PLAN.

                  (a)   COMPOSITION  OF  THC   COMMITTEE.   The  Plan  shall  be
administered  by the entire Board of Directors  of the  Corporation  which shall
serve as the Stock Option Committee ("Committee").

                  (b) POWERS OF THE COMMITTEE. The Committee shall have sole and
complete  authority and discretion (i) to select  Participants and grant Awards,
(ii) to  determine  the form and  content  of Awards to be issued in the form of
Agreements under the Plan, (iii) to interpret the Plan, (iv) to prescribe, amend
and  rescind  rules and  regulations  relating to the Plan and (v) to make other
determinations  necessary or advisable for the  administration  of the Plan. The
Committee may appoint an advisory  subcommittee to make  recommendations  to the
Committee as to the administration of the Plan.

                  (c)  AGREEMENT.  Each Award  shall be  evidenced  by a written
agreement  containing such provisions as may be approved by the Committee.  Each
such Agreement shall  constitute a binding  contract between the Corporation and
the Participant, and every Participant, upon acceptance of such Agreement, shall
be bound by the terms and  restrictions of the Plan and of such  Agreement.  The
terms of each such  Agreement  shall be in  accordance  with the Plan,  but each
Agreement may include such additional provisions and restrictions  determined by
the Committee,  in its discretion,  provided that such additional provisions and
restrictions are not inconsistent with the terms of the Plan. In particular, the
Committee shall set forth in each Agreement (i) the Exercise Price of an Option,
(ii) the number of Shares  subject  to, and the  expiration  date of, the Award,
(iii) the manner, time and rate (cumulative or otherwise) of exercise or vesting
of such Award, and (iv) the restrictions,  if any, to be placed upon such Award,
or upon Shares which may be issued upon exercise of such Award.

         The  Chairman  of the  Committee,  the Chief  Executive  Officer of the
Corporation  and such other officers as shall be designated by the Committee are
hereby  authorized  to execute  Agreements on behalf of the  Corporation  and to
cause them to be delivered to the recipients of Awards.

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                  (d)  EFFECT  OF  THE  COMMITTEE'S  DECISIONS.  All  decisions,
determinations  and   interpretations  of  the  Committee  shall  be  final  and
conclusive on all persons affected thereby.

                  (e)  INDEMNIFICATION.  In  addition  to such  other  rights of
indemnification  as they  may  have,  the  members  of the  Committee  shall  be
indemnified by the  Corporation in connection  with any claim,  action,  suit or
proceeding relating to any action taken or failure to act under or in connection
with the Plan or any Award,  granted  hereunder to the full extent  provided for
under the Corporation's  Articles of Incorporation or Bylaws with respect to the
indemnification of Directors.

         6. GRANT OF OPTIONS.  In its sole  discretion,  the Committee may grant
Options to Directors of the  Corporation or its Affiliates who are not employees
of the Corporation or its Affiliates.

         7.       EXERCISE PRICE FOR OPTIONS.

                  (a) LIMITS ON COMMITTEE  DISCRETION.  The Exercise Price as to
any  particular  Option granted under the Plan shall not be less than the Market
Value of the Optioned Shares on the date of grant.

                  (b) STANDARDS FOR  DETERMINING  EXERCISE  PRICE. If the Common
Stock is listed on a national securities exchange (including thc NASDAQ National
Market) on the date in  question,  then the Market Value per Shares shall be not
less than the average of the highest and lowest  selling  price on such exchange
on such date,  or if there were no sales on such date,  then the Exercise  Price
shall be not less than the mean between the bid and asked price on such date. If
the Common Stock is traded otherwise than on a national  securities  exchange on
the date in question, then the Market Value per Share shall be not less than the
mean  between the bid and asked  price on such date,  or, if there is no bid and
asked price on such date, then on the next prior business day on which there was
a bid and asked  price.  If no such bid and asked price is  available,  then the
Market  Value per Share  shall be its fair  market  value as  determined  by the
Committee, in its sole and absolute discretion.

                  (c) REISSUANCE OF OPTIONS.  Notwithstanding anything herein to
the  contrary,  the  Committee  shall have the  authority to cancel  outstanding
Options  with the  consent of the  Participant  and to reissue  new Options at a
lower Exercise Price equal to the then Market Value per share of Common Stock in
the event that the Market  Value per share of Common  Stock at any time prior to
the date of exercise outstanding Options falls below the Exercise Price.

         8.       EXERCISE OF OPTIONS.

                  (a)  GENERALLY.   Any  Option  granted   hereunder   shall  be
exercisable  at such times and under  such  conditions  as shall be  permissible
under the terms of the Plan and of the Agreement  granted to a  Participant.  An
Option may not be exercised for a fractional Share.

                  (b)  PROCEDURE  FOR  EXERCISE.   A  Participant  may  exercise
Options,  subject to provisions  relative to its  termination and limitations on
its exercise,  only by (1) written  notice of intent to exercise the Option with
respect  to a  specified  number of Shares and (2)  payment  to the  Corporation
(contemporaneously  with delivery of such notice) in cash, in Common Stock, or a
combination  of cash and Common Stock,  of the amount of the Exercise  Price for
the number of Shares with  respect to which the Option is then being  exercised.
Each such notice (and payment where required)  shall be delivered,  or mailed by
prepaid  registered  or  certified  mail,  addressed  to  the  Secretary  of the
Corporation at the  Corporation's  executive  offices.  Common Stock utilized in
full or partial  payment of the Exercise Price for Options shall be value at its
Market Value at the date of exercise.

                  (c) PERIOD OF  EXERCISABILITY.  Any Option  granted  hereunder
shall be exercisable by a Participant:

                           (1) In the event of  death,  to the  extent  that the
Participant would have been entitled to exercise the Option immediately prior to
his death,  such Option of the deceased  Participant may be exercised within two
(2) years  from the date of his death  (but not later than the date on which the
Option would otherwise expire) by the personal  representatives of his estate or
person or persons to whom his rights under such option shall have passed by will
or by laws of descent and distribution;

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                           (2) In the event of  permanent  and total  disability
(as such term is defined in Section  22(e)(3)  of the Code),  then to the extent
that the Participant would have been entitled to exercise the Option immediately
prior to his permanent and total disability, such option may be exercised within
one year from the date of such  permanent  and total  disability,  but not later
than the date on which the option would otherwise expire.

Notwithstanding  the provisions of any Option which provides for its exercise in
installments   as  designated  by  the  Committee,   such  Option  shall  become
immediately  exercisable  upon the  Participant's  death or Permanent  and Total
Disability.

         9.       CHANGE IN CONTROL.

                  (a) GENERAL RULE.  Notwithstanding the provisions of any Award
which provide for its exercise or vesting in installments,  all Options shall be
immediately  exercisable and fully vested upon a Change in Control. With respect
to Optioned Shares, at the time of a Change in Control,  the Participant  shall,
at the  discretion  of the  Committee,  be entitled to receive cash in an amount
equal to the excess of the  Market  Value of the  Common  Stock  subject to such
Option over the Exercise Price of such Shares,  in exchange for the cancellation
of such Options by the Participant.

                  (b)  EXCEPTION TO GENERA1 RULE.  Notwithstanding  subparagraph
(a) of this  Paragraph,  in no event may an Option be canceled  in exchange  for
cash within the six-month period following the date of its grant.

         10.      EFFECT OF CHANGES IN COMMON STOCK SUBJECT TO THE PLAN.

                  (a)  RECAPITALIZATION,  STOCK SPLITS, ETC. The number and kind
of Shares  reserved  for  issuance  under the Plan,  and the  number and kind of
Shares  subject to outstanding  Awards and the Exercise Price thereof,  shall be
proportionately  adjusted  for any  increase,  decrease,  change or  exchange of
Shares  for a  different  number or kind of Shares  or other  securities  of the
Corporation  which  results  from  a  merger,  consolidation,  recapitalization,
reorganization,  reclassification,  stock dividend,  stock split, combination of
Shares,  or  similar  event in which the  number  or kinds of Shares is  changed
without the receipt or payment of consideration by the Corporation.

                  (b) TRANSACTIONS IN WHICH THE CORPORATION IS NOT THE SURVIVING
ENTITY.  Subject to Paragraph 9 hereof,  in the event of (i) the  liquidation or
dissolution  of the  Corporation,  (ii) a merger or  consolidation  in which the
Corporation is not the surviving entity, or (iii) the sale or disposition of all
or  substantially  all of the  Corporation's  assets (any of the foregoing to be
referred  to  herein  as  a  "Transaction"),   all  Awards  outstanding  at  the
effectiveness  of such  Transaction  shall be surrendered.  With respect to each
Award so surrendered,  the Committee shall, in its sole and absolute discretion,
determine whether the holder of the surrendered Award shall receive:

                           (1) for each  Option then  subject to an  outstanding
Award,  an Option for the number and kind of Shares into which each  outstanding
Share  (other  than  Shares  held by  dissenting  stockholders)  is  changed  or
exchanged, together with an appropriate adjustment to the Exercise Price; or

                           (2) a  cash  payment  (from  the  Corporation  or the
successor  corporation),  in an amount  equal to the Market  Value of the Shares
subject to the Award on the date of the Transaction,  less the Exercise Price of
the Award.

                  (c)  CONDITIONS  AND   RESTRICTIONS  OF  NEW,   ADDITIONAL  OR
DIFFERENT SHARES OR SECURITIES. If, by reason of any adjustment made pursuant to
this Paragraph,  a Participant  becomes entitled to new, additional or different
Shares or  securities,  such new,  additional or different  Shares or securities
shall thereupon be subject to all of the conditions and restrictions  which were
applicable to the Shares pursuant to the Award before the adjustment was made.

                  (d) OTHER  ISSUANCES.  Except as  expressly  provided  in this
Paragraph,  the  issuance by the  Corporation  or an  Affiliate of Shares of any
class, or of securities  convertible  into Shares of another class,  for cash or
property or for labor or services  either upon direct sale or upon the  exercise
of rights or warrants to subscribe

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therefor, shall not affect, and no adjustment shall be made with respect to, the
number, class or Exercise Price of Shares then subject to Awards or reserved for
issuance under the Plan.

         11.      NON- TRANSFERABILITY OF AWARDS.

         Awards may not be sold, pledged, assigned, hypothecated, transferred or
disposed  of in any  manner  other  than by will  or by the law of  descent  and
distribution, or pursuant to the terms of a "qualified domestic relations order"
(within  the  meaning  of  Section  414(p) of the Code and the  regulations  and
rulings thereunder).

         12.      TIME OF GRANTING AWARDS.

         The date of grant of an Award shall, for all purposes,  be the later of
the date on which the Committee makes the  determination  of granting such Award
and the  Effective  Date.  Notice  of the  determination  shall be given to each
Participant  to whom an Award is so granted  within a reasonable  time after the
date of such grant.

         13.      EFFECTIVE DATE.

         The Plan shall be effective  as of April 14,  1999.  Awards may be made
prior to  approval of the Plan by the  stockholders  of the  Corporation  if the
exercise  of Awards in the form of  Options  are  conditioned  upon  stockholder
approval of the Plan.

         14.      APPROVAL BY STOCKHOLDERS.

         The Plan shall be approved by stockholders  of the  Corporation  within
twelve (12) months before or after the Effective Date.

         15.      MODIFICATION OF AWARDS.

         At any  time,  and from  time to time,  the  Board  may  authorize  the
Committee to direct execution of an instrument providing for the modification of
any outstanding Award,  provided no such modification shall confer on the holder
of said Award any right or benefit  which could not be  conferred  on him by the
grant of a new Award at such time,  or impair the Award  without  the consent of
the holder of the Award.

         16.      AMENDMENT AND TERMINATION OF THE PLAN.

         The Board may from time to time  amend the terms of the Plan and,  with
respect to any Shares at the time not  subject to Awards,  suspend or  terminate
the Plan. No amendment, suspension or termination of the Plan shall, without the
consent  of any  affected  holders  of an Award,  alter or impair  any rights or
obligations under any Award theretofore granted.

         17.      CONDITIONS UPON ISSUANCE OF SHARES.

                  (a) COMPLIANCE  WITH SECURITIES  LAWS.  Shares of Common Stock
shall not be issued with  respect to any Award  unless the issuance and delivery
of such Shares  shall  comply with all relevant  provisions  of law,  including,
without  limitation,  the  Securities  Act of 1933,  as  amended,  the rules and
regulations promulgated thereunder,  any applicable state securities law and the
requirements of any stock exchange upon which the Shares may then be listed. The
Plan is intended to comply with Rule 16b-3,  and any provision of the Plan which
the Committee  determines in its sole and absolute discretion to be inconsistent
with said Rule shall,  to the extent of such  inconsistency,  be inoperative and
null and void, and shall not affect the validity of the remaining  provisions of
the Plan. No shares  acquired upon the exercise of an Option  granted  hereunder
may be sold or  disposed  of within  six (6)  months of the date of the grant of
said Option.

                  (b) SPECIAL CIRCUMSTANCES. The inability of the Corporation to
obtain   approval  from  any  regulatory   body  or  authority   deemed  by  the
Corporation's  counsel to be  necessary  to the lawful  issuance and sale of any
Shares  hereunder  shall relieve the  Corporation of any liability in respect of
the  non-issuance or sale of such Shares.  As a condition to the exercise of any
Option,  the  Corporation  may require the person  exercising the Option

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to make such  representations  and  warranties as may be necessary to assure the
availability  of an exemption from the  registration  requirements of federal or
state securities law.

                  (c)  COMMITTEE  DISCRETION.   The  Committee  shall  have  the
discretionary  authority to impose in Agreements such  restrictions in Shares as
it may deem  appropriate  or  desirable,  including,  but not  limited  to,  the
authority to impose a right of first refusal or to establish  repurchase  rights
or both of these restrictions.

         18.      RESERVATION OF SHARES.

         The  Corporation,  during the term of the Plan,  will  reserve and keep
available a number of Shares sufficient to satisfy the requirements of the Plan.

         19.      WITHHOLDING TAX.

         The Corporation's obligation to deliver Shares upon exercise of Options
shall be subject to the  Participant's  satisfaction of all applicable  federal,
state  and  local  income  and  employment  tax  withholding  obligations.   Thc
Committee,  in its  discretion,  may  permit  thc  Participant  to  satisfy  the
obligation, in whole or in part, by irrevocably electing to have thc Corporation
withhold Shares,  or to deliver to the Corporation  Shares that he already owns,
having a value equal to the amount required to be withheld.  The value of Shares
to be withheld,  or delivered to the  Corporation,  shall bc based on the Market
Value of the  Shares  on thc  date the  amount  of tax to be  withheld  is to be
determined.  As an  alternative,  the  Corporation  may retain,  or sell without
notice,  a number of such Shares  sufficient to cover the amount  required to be
withheld.

         20.      NO EMPLOYMENT OR OTHER RIGHTS.

         In  no  event  shall  a  Director's   eligibility   to  participate  or
participation  in the Plan create or be deemed to create any legal or  equitable
right  of the  Director  or  any  other  party  to  continue  service  with  the
Corporation  or any  Affiliate.  No Director shall have a right to be granted an
Award or,  having  received  an Award,  the right to again be  granted an Award.
However, a Director who has been granted an Award may, if otherwise eligible, be
granted an additional Award or Awards.

         21.      GOVERNING LAW.

         The Plan shall be governed by and construed in accordance with the laws
of the  Commonwealth  of Virginia except to the extent that federal law shall be
deemed to apply.

                                       6Exhibit 10.1

                      TERMINATION AND ASSIGNMENT AGREEMENT

      AGREEMENT made this 18th day of May, 2000 by and between Aladdin Systems,
Inc., a Delaware Corporation, having an address at 165 Westridge Drive,
Watsonville, CA 95076-4159 ("Aladdin") and The Excelsior Group having an address
at 7900 Kelly Ann Court, Fairfax Station, VA 22039 ("Developer").

      WHEREAS, Aladdin and Developer have previously entered into a certain
Software Publishing Agreement dated September 12, 1996 (the "Software Publishing
Agreement") whereby Aladdin acquired from Developer the exclusive worldwide
right to publish a software program for the Mac OS as described therein and now
known as "SpringCleaning" (the "Software") in exchange for the payment of a
royalty; and

      WHEREAS, Aladdin desires to purchase all rights to the Software from
Developer and Developer desires to sell such rights;

      NOW, THEREFORE, in consideration of the mutual promises contained herein,
it is hereby agreed as follows:

      1. Assignment of Rights. Developer hereby irrevocably assigns to Aladdin,
all rights, title and interest in the Software including all copyrights, trade
secrets, and patent rights appurtenant to the Software. In addition, Developer
hereby irrevocably assigns to Aladdin all trademarks and trade names associated
with the Software. All such materials shall belong exclusively to Aladdin, with
Aladdin having the right to obtain and to hold in its own name, copyrights
registrations or such other protection as may be appropriate to the subject
matter, and any extensions and renewals thereof. Developer shall execute all
assignments of rights deemed reasonably necessary by Aladdin to perfect the
rights being acquired hereunder. Developer agrees to give Aladdin and any person
designated by Aladdin, reasonable assistance, at Aladdin's expense, required to
perfect the rights defined in this Section.

      Upon the execution hereof, Developer shall deliver to Aladdin a complete
copy of the documented and fully commented source code for the most current and
all prior versions of the Software including all necessary resources and shall
provide instructions listing the programming environment necessary to create the
Software from the source code including the version numbers of necessary systems
software and compilers, together with all documentation, technical notes, bug
lists and the like.

<PAGE>

     2. Transfer of Domain Names. Developer hereby assigns to Aladdin, the World
Wide Web domain name  registration for the  "www.MacUninstaller.com"  World Wide
Web domain name (the  "Domain  Name") and assigns to Aladdin all of  Developer's
rights,  title and  interest  in the Domain  Name.  Upon the  execution  hereof,
Developer agrees to promptly take all steps necessary to effectuate the transfer
of the Domain Name including,  but not limited to,  cooperating  with Aladdin in
submitting the appropriate  documentation to InterNIC and promptly responding to
inquiries,   validation   requests  and  other   communications  from  InterNIC.
Developer,  in connection with the transfer of the Domain Name, also irrevocably
assigns  and  transfers  to Aladdin  any right,  title and  interest  Seller has
acquired to the Domain Name  and/or to the  trademark  "www.MacUninstaller.com",
and "MacUninstaller" and any other related trademarks together with any goodwill
associated therewith.

      3. Payment. In consideration for the transfer of the rights in the
Software and the Domain Name to Aladdin and the termination of Developer's
rights to receive royalty payments for software sales subsequent to the
execution of this agreement, Aladdin shall pay to Developer the sum of Four
Hundred Twenty-Five Thousand ($425,000.00) Dollars, payable as follows:

           A.  The amount of One Hundred Ninety-One Thousand Two Hundred Fifty
($191,250.00) Dollars, payable upon the execution hereof.

           B. The amount of Forty-Two Thousand Five Hundred ($42,500.00) Dollars
payable upon the execution hereof by delivery to Developer an equivalent value
of restricted shares of the common stock, par value $.01 per share, of Aladdin
Systems Holdings, Inc., which the parties agree shall be valued at the closing
price per share as of the last trading day prior to the date hereof (as reported
on the Bloomberg reporting system or other recognized reporting system).

           C.  The amount of One Hundred Ninety-One Thousand Two Hundred Fifty
($191,250.00) Dollars, payable on or before January 20, 2001.

           D. In the event that final payment is not received by Developer by
January 20, 2001, this Agreement shall be deemed null and void. Developer shall
retain initial payment, stock equivalent payment and the terms of the Software
Publishing Agreement dated September 12, 1996 shall again become effective, as
if it had not been terminated hereunder and the payments made to Developer
hereunder shall be applied to the royalty buyout payment under the Software
Publishing Agreement and Developer shall be entitled to retain any additional

<PAGE>

balance thereof.

      4. Termination of Software Publishing Agreement. The parties agree that,
except as set forth herein, all obligations of the parties under the Software
Publishing Agreement shall be deemed fulfilled and are hereby terminated.
Developer agrees that Developer's right to receive future royalties from the
sales and licensing of the Software shall be deemed to have been terminated as
of the date hereof. Aladdin and Developer each hereby release the other, from
any and all claims one party may have against the other accruing prior to the
date hereof and any and all obligations under the Software Publishing Agreement,
except those obligations which shall survive the termination of the Software
Publishing Agreement as set forth herein.

      5. Waiver of Future Royalties. Developer hereby waives the right to
receive any royalties due to Developer from sales made after the execution date
hereof. Royalties currently due to Developer from the date of the last royalty
payment made to Developer (the "Final Royalty Date") through the date hereof
shall be due and payable upon execution.

      6. Confidentiality. The parties agree that the confidentiality provisions
in the Software Publishing Agreement shall survive the termination of the
Software Publishing Agreement.

      7. Non-Competition. The parties agree that the Section 7.1 of the Software
Publishing Agreement, governing Competing Works, shall survive the termination
of the Software Publishing Agreement for a period of three (3) years from the
date hereof.

      8. Audit. The parties agree that the audit provisions in the Software
Publishing Agreement shall survive the termination, for a period of one (1) year
from the date hereof, with regard to sales of the Software through the Final
Royalty Date.

      9. Release of Escrow. The parties agree that the copy of the source code
of the Software held in escrow by Elias, Goodman, Shanks & Zizmor, LLP, is to be
hereby released to Aladdin and the escrow shall be deemed terminated.

      10. Indemnity. The parties agree that the proprietary rights provisions as
set forth in Section 4.1 shall be replaced by the following: Developer shall
indemnify, and hold harmless Aladdin from any claims, demands, liabilities,
losses, damages, judgments or settlements, including all reasonable costs and
expenses related thereto including attorneys fees, directly or indirectly
resulting from any claim that any aspect of the Software or the Domain Name
infringes

<PAGE>

any United States patents, copyrights, licenses or trade secrets of a third
party, provided that Aladdin promptly notifies Developer in writing of any such
claim. Developer shall, at his own expense, be allowed to participate in the
defense of such action, with Aladdin's full cooperation. This indemnification
shall not extend to any portions of the Software modified by Aladdin or at the
request of Aladdin, provided that any such infringement would not have occurred
had such modification not been made. This indemnity shall apply to any version
of the Software released by Aladdin prior to the date hereof.

      11. Entire Agreement. Each party acknowledges that this Agreement
constitutes the complete and exclusive statement of the terms and conditions
between the parties, which supersedes and merges all prior proposals,
understandings and all other agreements, oral and written, between the parties
relating to this Agreement. This Agreement may not be modified or altered except
by written instrument duly executed by both parties.

      12. Governing Law. This Agreement and performance hereunder shall be
governed by the laws of the State of California.

      13. Limitation on Action. No action, regardless of form, arising out of
this Agreement may be brought by either party more than four (4) years after the
cause of action has arisen.

      14. Enforceability. If any of the provisions of this Agreement is invalid
under any applicable statute or rule of law, it is to that extent to be deemed
omitted.

      15. Notice. Any notice provided pursuant to this Agreement shall be in
writing and shall be deemed given (i) if by hand delivery, upon receipt thereof;
(ii) if mailed, ten (10) days after deposit in the U.S. mail, postage paid,
certified mail return receipt requested; (iii) if mailed by Express Mail or
Federal Express, one (1) day after deposit therewith postage prepaid. All
notices shall be addressed to the parties at the respective addresses indicated
herein.

      16. No Waiver. The waiver or failure of either party to exercise any right
in any respect provided for herein shall not be deemed a waiver of any further
right hereunder.

      17. Headings. The heading used in this Agreement are for reference only,
do not form a part of this Agreement and shall not affect the meaning or
interpretation of this Agreement

      IN WITNESS WHEREOF, the parties hereto have executed this

<PAGE>

Agreement by a duly authorized representative as of the date set forth above.

                                               Aladdin Systems, Inc.

                                               By: /s/Jonathan Kahn
                                                  -----------------------------
                                               Title: CEO

                                               The Excelsior Group

                                               By: /s/ Peter Caylor
                                                  -----------------------------

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