Document:

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                                                                    Exhibit 10.5

                               EMPLOYMENT AGREEMENT

         THIS AGREEMENT (the "Agreement"), made and entered into this 1st day of
February, 2000, by and between PODS, INC., a Florida corporation (the
"Employer") hereafter called "Employer", and THOMAS M. CALCATERRA (the
"Employee)".

                                    RECITALS

         WHEREAS, Employer desires to employ Employee as its Vice President,
Finance and Chief Financial Officer; and

         WHEREAS, Employee desires such employment upon the terms and conditions
set forth in this Agreement.

         NOW, THEREFORE, in consideration of such employment and the premises
and covenants hereinafter set forth the parties hereto agree as follows:

         1.       EMPLOYMENT. Employer hereby agrees to employ Employee and
Employee accepts such employment upon the terms and conditions hereinafter set
forth.

         2.       TERM. The term of such employment shall commence February ___,
2000, and thereafter shall continue for additional one (1) year terms, unless
terminated as herein provided (such period being hereinafter referred to as the
"term" or the "period of active employment").

         3.       COMPENSATION. For all services rendered by the Employee under
this Agreement, Employer shall pay Employee an annual salary of not less than
One Hundred Thousand Dollars ($100,000.00) per annum (the "Base Salary"). Said
Base Salary shall be paid pro rata weekly on Employer's regular payroll dates or
in such more frequent intervals as Employer shall in its discretion determine.
Employer's compensation committee shall review Employee's Base Salary annually,
in accordance with Employer's procedures that are applicable to its management
employees.

         4.       DUTIES. Employee is employed as the Vice President Finance and
Chief Financial Officer of Employer and shall perform such services as are
normally associated with such position, subject to the direction, supervision,
and rules and regulations of Employer and its officers, which duties shall
include but are not limited to the following:

                  (a)      developing, implementing and directing the financial
strategy, policy, and operations of Employer, as approved by the
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President of Employer. These duties include but are not limited to oversight of
the accounting departing, budgetary planning and analysis, development of
financial plans and policies, and generation of financial statements;

                  (b)      management and oversight of the financial aspects of
Employer's operations, including borrowing, IRS reporting and compliance,
investor relations and related presentations, asset management and growth.

         The precise services of Employee may be extended or curtailed, from
time to time at the discretion of Employer, and Employee agrees to render such
different and/or additional services of a similar nature as may be assigned from
time to time by Employer.

         5.       STOCK OPTIONS.

                  (a)      The parties acknowledge that Employer is currently
negotiating a transaction that will, if and when it closes, constitute a "sale
of Employer" as defined in this Section. Except as provided in subsection 5(b)
below, upon execution of this Agreement or no later than the date on which
Employer's directors and shareholders have approved the contemplated 2000 Stock
Option Plan of Employer, Employee shall be granted options to purchase forty
thousand (40,000) shares of stock of Employer at a purchase price equal to its
current fair market value of one dollar ($1.00) per share. One fourth of this
number (options for ten thousand (10,000) shares) shall vest on February 1,
2001 and on each February 1st thereafter until all options have been fully
vested; provided, that Employee is still employed on said vesting dates; and
provided, further, that the vesting of all such options shall accelerate and
become fully vested upon the earlier of an initial public offering of the stock
of Employer or upon a "sale of Employer", as defined herein.

         In addition, if Employee continues to be employed by Employer on each
respective grant date, on each of February 1, 2001, February 1, 2002, February
1, 2003 and February 1, 2004, Employer shall grant to Employee options to
purchase an additional ten thousand (10,000) shares of stock of Employer at a
purchase price equal to the then current fair market value, as determined by
Employer; provided that such additional options shall vest on the date that is
twelve (12) months after the grant date (that is, February 1, 2002, February 1,
2003, February 1, 2004 and February 1, 2005, respectively) if Employee is still
employed on said vesting dates; and provided, further, that the vesting of all
such options that have been then granted shall accelerate and become fully
vested upon the earlier of an initial public offering of the

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stock of Employer or upon a "sale of Employer", as defined herein.

         The term "sale of Employer" means (A) the sale, including a merger,
consolidation or reorganization, of eighty percent (80%) or more of the stock
by shareholders of Employer in a transaction in which the shareholders do not
receive stock or an equity interest in the acquiring entity, or (B) the sale of
substantially all of the assets of Employer to a buyer that is not an affiliate
of Employer, if the sale of the assets is followed by the liquidation of
Employer and the proceeds of such liquidation are assets other than stock or an
equity interest in the acquiring entity.

                  (b)      In the event of a "sale of Employer" on or after the
date of this Agreement, Employer shall have the right to exchange the options
granted to Employee hereunder for equivalent options to acquire stock of the
acquiring entity in the "sale of Employer" transaction; provided, that (i) the
number of shares of the acquiring entity that Employee is entitled to purchase
under Employee's options shall be determined on a fully diluted basis at the
valuation used for Employer and/or its shareholders in the "sale of Employer"
transaction, and (ii) the grant dates and vesting terms of Employee's options
shall be the same as those applicable to the options described in subparagraph
(a).

         6.       VACATION. Employee shall be entitled to vacations with pay in
accordance with the vacation policy of Employer promulgated from time to time by
the Employer. Vacations shall be taken by Employee at any time during the year
and for any period as determined by the President of Employer.

         7.       WORKING FACILITIES; BENEFITS.

                  (a)      Employer shall furnish Employee with an office and
such other facilities and services as are suitable to his position and adequate
for the performance of his duties hereunder.

                  (b)      Employer shall pay the cost of Employee's coverage
under its group medical insurance coverage, if available. Any health insurance
coverage of Employee's family and/or dependants shall be at Employee's sole
cost.

                  (c)      Employee shall be eligible to participate under the
Employer's pension plan, if any, pursuant to the pension plan's requirements,
including but not limited to requirements regarding eligibility and vesting.

                  (d)      Employer shall pay on behalf of Employee or reimburse
Employee for the cost of Employee's professional license

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fees, professional education courses (CPE) as approved by Employer in its
discretion; and professional dues for AICPA and FICPA or other professional
organizations as approved by Employer in its discretion.

         8.       EXTENT OF SERVICES. During the period of active employment,
Employee shall devote full time, attention, and energies to the business of
Employer. Employee shall not during the term of this Agreement be engaged in
any other business activity, whether or not such business activity is pursued
for gain, profit, or other pecuniary advantage; but this shall not be construed
as preventing Employee from investing his assets in such form or manner as will
not require any services on the part of Employee in the operation of the affairs
of the business in which such investments are made.

         9.       CONFIDENTIALITY. Employee occupies a position of trust and
confidence with Employer. To fulfill his responsibilities, Employee will be
afforded full and unlimited access to all Employer data and documents,
regardless of the location of the data and documents, and regardless of the
physical form in which they are kept. Except where he is under an obligation
under this Agreement or under a legal obligation to do so, Employee shall not
disclose the information which he learns in his capacity as Vice President,
Finance and CFO of Employer. Information commonly known outside of the Employer
or which is disclosed to regulatory authorities or publicly available is
excluded from this provision. This confidentiality provision extends beyond the
term of this Agreement and shall be in addition to any separate confidentiality
agreement entered into by and between Employee and Employer. In the event of a
breach or threatened breach by Employee of the provisions of this paragraph,
Employer shall be entitled to an injunction restraining Employee from
disclosing, in whole or in part, the Employer's confidential information or from
rendering any services to any person, firm, corporation, association, or other
entity to whom such confidential information, in whole or in part, has been
disclosed or is threatened to be disclosed. Nothing herein shall be construed as
prohibiting Employer from pursuing any other remedies available to Employer for
such breach or threatened breach, including the recovery of damages from
Employee.

         10.      TERMINATION WITHOUT CAUSE. Without cause, Employer may
terminate this Agreement at any time upon thirty (30) days' written notice to
Employee. In such event, (unless Employee is absent from work because of
accident or sickness) Employee, if requested by Employer, shall continue to
render his services, and shall be paid his Base Salary to the termination date.
Without cause, Employee may terminate this Agreement upon thirty (30) days'
written notice to Employer. In such event, (unless Employee is absent from work

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because of accident or sickness) Employee, if requested by Employer, shall
continue to render his services and shall be paid his Base Salary to the
termination date

         11.      TERMINATION WITH CAUSE. In addition to termination as provided
in the preceding paragraphs hereof, this Agreement may be terminated by Employer
at any time without notice upon the occurrence of one or more of the following
events:

                  (a)      In the event Employee shall fail or refuse to comply
with the policies, standards and regulations of Employer from time to time
established; or

                  (b)      In the event Employee shall be guilty of fraud,
dishonesty or other acts of misconduct in the rendering of services on behalf of
Employer; or

                  (c)      In the event Employee shall fail or refuse to
faithfully or diligently perform the provisions of this Agreement or the usual
and customary duties of her employment; or

                  (d)      In the event Employee Shall make an assignment for
the benefit of creditors; or

                  (e)      In the event Employee shall file a voluntary petition
in bankruptcy or becomes the subject of an involuntary petition in bankruptcy.

In the event of a termination pursuant to this Section 11, Employee shall be
paid his Base Salary to the termination date.

         12.      DEATH AND DISABILITY DURING EMPLOYMENT.

                  (a)      If Employee dies during the term of this employment,
Employer shall pay to the estate of Employee the Base Salary up to the end of
the month in which his death occurred.

                  (b)      In the event Employee is disabled because of accident
or sickness, as determined by Employer, Employee shall be paid the Base Salary
up to the end of the month in which his disability occurred. Thereafter,
Employer shall have no further obligation to pay Employee under this Agreement.

         13.      WAIVER OF BREACH. The waiver by Employer of a breach of any
provision of this Agreement by Employee shall not operate or be construed as a
waiver of any subsequent breach by Employee.

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         14.      LEGAL ACTION. Should Employer or Employee institute legal
action, whether at law or in equity, to enforce any provision hereunder, the
prevailing party shall be entitled to receive from the other party all costs and
reasonable attorney's fees, including, but not limited to, fees for trial and
appeals or other legal proceedings.

         15.      NOTICES. Any notice required or permitted to be given under
this Agreement shall be sufficient if in writing, and if sent by registered mail
to her address in the case of Employee, or to its principal office in the case
of Employer.

         16.      AGENCY. Employee shall have no authority to enter into any
contracts binding upon Employer, or to create any obligations on the part of
Employer except such as shall be specifically authorized by the Board of
Directors of Employer or by an executive officer of Employer acting pursuant to
authority granted by the Board of Directors.

         17.      ASSIGNMENT. The rights and obligations of Employer under this
Agreement shall inure to the benefit of and shall be binding upon the successors
and assigns of Employer. Employer depends upon the personal services of
Employee, and Employee shall not assign this Agreement or any rights or duties
hereunder without the express written consent of Employer, nor shall Employee
delegate any of his obligations hereunder to any other person or corporation
without the express written consent of Employer. Any assignment or delegation by
Employee without such written consent shall be void.

         18.      RETURN OF EMPLOYER PROPERTY. Employee agrees that on
termination of his employment for any cause whatsoever the Employee will return
to Employer any of Employer's property in her possession or under his control,
including, but not limited to records and names, addresses, and other
information with regard to customers or potential customers of Employer with
whom Employee has had contact or done business.

         19.      INVENTIONS. All ideas, inventions, and other developments
conceived by Employee, alone or with others, during the term of his employment,
whether or not during working hours, that are within the scope of Employer's
business operations or that relate to any of Employer's work or projects, are
exclusive property of Employer. Employee agrees to assist Employer, at its
expense, to obtain patents on any such patentable ideas, inventions, and other
developments, and agrees to execute all documents necessary to obtain such
patents in the name of Employer.

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         20.      RESTRICTIVE COVENANT. Notwithstanding anything in this
Agreement to the contrary, during the period of active employment and if
Employee's employment is terminated under this Agreement, with or without cause,
voluntarily or involuntarily, by either party Employee agrees that for a period
ending on the later of (i) the 'date that is five (5) years after the date of
this Agreement or (ii) the date that is two (2) years after the termination of
employment, he shall not, within the state of Florida, own, manage, operate,
control, be employed by, act as an agent for, participate, in or be connected in
any manner with the ownership, management, operation or control of any business
which is engaged in businesses which are or may be competitive to the business
of Employer. It is the intention of the parties that Employer be given the
broadest protection allowed by law with regard to the restrictions herein
contained. In the event of a breach or a threatened breach by Employee of
provisions in this paragraph, Employer shall be entitled to an injunction
restraining Employee from such breach or threatened breach. Nothing herein
shall be construed as prohibiting Employer from pursuing any other remedies
available to it for such breach or threatened breach including the recovery of
damages from Employee. This covenant on the part of Employer and Employee shall
be construed as an agreement independent of any other provision of this
Agreement and the existence of any claim or cause of action by Employee against
Employer whether predicated upon this Agreement or otherwise shall not
constitute a defense to the enforcement by Employer of this covenant. Employer
agrees if Employee provides services as a certified public accountant on behalf
of an accounting firm engaged in public accounting after the termination of this
Agreement, such practice shall not constitute a violation of the restrictive
covenants contained in this Section 20.

         In the event that this restrictive covenant shall be determined by any
court of competent jurisdiction to be unenforceable by reason of it being
extended for too great a period of time, or as encompassing too large a
geographic area, or over too great a range of activities, or any combination of
these elements, the parties agree that this covenant shall be interpreted to
extend only over the maximum period of time, geographic area, and range of
activities as to which said court of competent jurisdiction deems reasonable and
enforceable.

         21.      CONSTRUCTION; ENTIRE AGREEMENT. This instrument reflects the
entire agreement between the parties. It may not be changed orally but only by
an instrument in writing signed by the party against whom enforcement of any
waiver, change, modification, extension or discharge is sought. This Agreement
supersedes any prior employment agreement between the parties. This Agreement

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shall be construed in accordance with the laws of the State of Florida.

         IN WITNESS WHEREOF, the parties hereto have set forth their hands and
seals the day and year first above written.

WITNESSES:

/s/                                    PODS, INC.
------------------------------

                                       By: /s/ Peter S. Warhurst, President
------------------------------            --------------------------------------
                                          Peter S. Warhurst, President

                                                                        EMPLOYER

/s/                                    /s/ Thomas M. Calcaterra
------------------------------         -----------------------------------------
                                       THOMAS M. CALCATERRA

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

                                                                        EMPLOYEE

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                                                                    Exhibit 10.6

                                  LEASE AGREEMENT

     MCIP REALTY ASSOCIATES NO. 2, MCIP REALTY ASSOCIATES NO. 3, MCIP REALTY
                ASSOCIATES NO. 4 and MCIP REALTY ASSOCIATES NO. 5

                                    as "Landlord"

                                        and

                 PORTABLES ON DEMAND STORAGE, LLC (d/b/a/ PODS)

                                    as "Tenant"

PARK:    6101 45th Street North, Pinellas Park, Florida
SPACE:   Building #4
DATE:

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                                LEASE AGREEMENT

         THIS LEASE (the "Lease") is made effective this    day of December,
1998, by and between MCIP REALTY ASSOCIATES NO. 2, MCIP REALTY ASSOCIATES NO. 3,
MCIP REALTY ASSOCIATES NO. 4 and MCIP REALTY ASSOCIATES NO. 5 (all of the
foregoing being New Jersey general partnerships and all of the foregoing being
collectively referred to herein as "Landlord");

                                   and

PORTABLES ON DEMAND STORAGE, LLC (a Florida limited liability company referred
to herein as "Tenant").

                              W I T N E S S E T H:

         NOW, THEREFORE, in consideration of the covenants, considerations and
agreements hereinafter set forth, Tenant and Landlord agree:

1.       DEMISED PREMISES.

         1.1      Subject to the terms and conditions set forth in this Lease,
         Landlord hereby leases to Tenant and Tenant accepts from Landlord, the
         space (hereinafter called the "Demised Premises" and more particularly
         described by the single-hatched area on the site plan attached hereto
         as Exhibit "A" and made a part hereof) consisting of approximately
         40,000 rentable square feet and located in Building No. 4 (the
         "Building") of a certain industrial park located at the junction of
         62nd Avenue North and 45th Street North, Pinellas Park, Pinellas
         County, Florida and more particularly described in Exhibit "A" attached
         hereto and made a part hereof (the "Park").

         1.2.     Use of Demised Premises. Tenant shall use the Demised
         Premises solely for manufacturing and warehousing of storage containers
         and related office environment for staff and call center ("Tenant's
         Proposed Use") and for no other use.

         1.3.     Use of Common Areas. Tenant shall have the exclusive right to
         use a portion of the common parking area for employee parking/visitor
         parking and for an outside storage area (shown in blue on Exhibit "A").
         Tenant shall have the non-exclusive use of the driveways, parking
         aisles (shown in pink on Exhibit "A"), the infrastructure facilities
         and other areas of the Park shared with other tenants thereof.

         1.4.     Tenant's Representations. Tenant hereby warrants and
         represents that Tenant is a duly authorized and existing limited
         liability company in the state of organization; Tenant has and is
         qualified to do business in Florida; the company has full right and

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         authority to enter into this Lease Agreement; and each of the persons
         signing on behalf of the company were authorized to do so thereby
         making the Lease binding upon the corporation in accordance with its
         terms. Upon Landlord's request, Tenant shall provide Landlord with
         evidence reasonably satisfactory to Landlord confirming the foregoing
         covenants and warranties.

2.       TERM; COMMENCEMENT.

         2.1.     Term. The term of this Lease (the "Term") shall commence (the
         "Commencement Date") on the date upon which this Lease becomes fully
         executed by, and delivered to, Landlord and Tenant and shall expire
         five (5) years and three (3) months after the Commencement Date unless
         extended or sooner terminated as provided herein.

         2.2.     Condition of Demised Premises. Subject to the Landlord having
         the existing roof leaks repaired in a good workmanlike manner,
         insulation batts reinstalled and the Demised Premises cleaned, Landlord
         is leasing and Tenant is accepting the Demised Premises in its current
         "AS IS" condition and Landlord makes no representation as to
         merchantability or fitness for a particular use. Landlord represents
         that as of the date that Landlord executes this Lease, Landlord has not
         received any notices of code violations from either the state, county
         or local enforcement authorities. Landlord further represents that the
         overhead cranes located within the Demised Premises are in good working
         order.

         2.3.     Upon the termination of this Lease in any manner whatsoever,
         Tenant shall (i) remove Tenant's goods and effects and those of any
         other person claiming under Tenant (ii), quit and deliver up the
         Premises to Landlord peaceably and quietly in as good order and
         condition as at the inception of the term of this Lease or as the same
         hereafter may be improved by Landlord or Tenant, excepting only
         deterioration caused by reasonable use and wear thereof, damage from
         fire or other casualty of the kind insured in standard policies of fire
         insurance with extended coverage type risks, and (iii) promptly deliver
         to Landlord at his office or other location as designated by Landlord,
         all keys for the Premises. Goods and effects not removed by Tenant at
         the termination of this Lease, however terminated, shall be considered
         abandoned and Landlord may dispose of and/or store the same as it deems
         expedient, the cost thereof to be charged to Tenant and collectable as
         Additional Rent, as set forth herein.

                  2.3.1.   Termination. This Lease shall terminate at the end of
                  the term (the "Termination Date") or at the end of any
                  extension or renewal thereof, without the necessity of any
                  notice from either Landlord or Tenant to terminate same, and
                  Tenant hereby waives notice to vacate or quit the Premises and
                  agrees that Landlord shall be entitled to the benefit of all
                  provisions of law respecting the summary recovery of
                  possession of the Premises from a tenant holding over to the
                  same extent as if statutory notice had been given. Tenant
                  hereby agrees that if it fails to surrender the Premises at
                  the end of the Term, or any renewal thereof, Tenant will be
                  liable to landlord for any and all damages which Landlord
                  shall suffer by reason thereof, and Tenant will indemnify
                  Landlord against all claims

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                  and demands made by any succeeding tenants against Landlord,
                  founded upon delay by landlord in delivering possession of the
                  Premises to such succeeding tenant.

                  2.3.2.   For the period of nine (9) months prior to the
                  expiration of the Term, or any renewal or extension thereof,
                  Landlord shall have the right to display on the exterior of
                  the Premises the customary sign "For Rent".

         2.4.     Holding Over. If Tenant shall be in possession of the Premises
         after the Termination Date, in the absence of any agreement extending
         the Term hereof, the tenancy under this Lease shall become one from
         month to month, terminable by either party on thirty (30) days' prior
         written notice at a monthly rental equal to twice the sum of (i) the
         monthly installment of Annual Minimum Rental payable during the last
         month of the Term and (ii) all Additional Rental Payable hereunder for
         each month Tenant remains in possession. Tenant shall also pay all
         other charges payable under the terms of the Lease, prorated for each
         month during which Tenant remains in possession. Such month-to-month
         tenancy shall also be subject to all other conditions, provisions and
         obligations of this Lease. Tenant shall not interpose any counterclaim
         or counterclaims in a summary proceeding or other action based on
         holdover.

3.       LEASE SECURITY.

         3.1.     Guarantees. Simultaneously with Tenant's execution of this
         Lease, Tenant shall deliver to Landlord the absolute and unconditional
         guarantees of Peter Warhurst, David Revelia, Roy Courtney and William
         Ash. Tenant acknowledges that these Guarantees are a material
         inducement to the Landlord to lease the Demised Premises to Tenant and
         that Landlord would not lease the Demised Premises to Tenant but for
         the delivery of these Guarantees.

         3.2.     Landlord's Lien. In addition to, and without waiver or
         reduction of, any rights of Landlord established by law or enumerated
         above, all of which rights are specifically reserved and recognized by
         Landlord, as security for the rent and as security for the performance
         of all other covenants and undertakings by the Tenant under the terms
         hereof, Tenant grants, bargains, sells and conveys to Landlord all
         property of every kind on or hereafter brought on the Demised Premises;
         and whenever rent or anything reserved as rent is unpaid or whenever a
         breach or default by Tenant has occurred as to the obligations of
         Tenant hereunder, Landlord may seize or restrain said property on or
         off the Demised Premises and may elect to sell the same on due legal
         notice for all rent then due and for all damages or expenses resulting
         from a breach or default by Tenant, or to treat the same as security
         and as Landlord's property, or Landlord may remove said property and
         store the same in any other place in the building, or in any other
         place, for the account of, and at the expense and risk of, Tenant.

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4.       RENT.

         4.1.     Base Rent. Tenant shall pay an annual base rent (the "Base
         Rent") for the Demised Premises of ONE HUNDRED FIFTY THOUSAND DOLLARS
         AND NO CENTS ($150,000.00) which shall be payable in advance, in
         monthly equal installments of TWELVE THOUSAND FIVE HUNDRED DOLLARS AND
         NO CENTS ($12,500.00). Installments shall be due and payable on the
         first day of each month of the Term. Prior to Tenant's taking
         possession of the Demised Premises, Tenant shall first deliver to
         Landlord the first and last monthly installments of rent due (to be
         applied to rent due for the third month and 62nd month of the Lease
         Term, respectively), including sales tax.

         4.2.     Rent Abatement. No installments of Base Rent shall be due for
         the first (1st, second (2nd) or sixty-third (63rd) month following the
         Commencement Date provided, however, that nothing set forth herein
         shall relieve Tenant from Tenant's obligations to pay utilities or
         Tenant's proportionate share of common system expenses as provided
         elsewhere herein for the months where Rent Abatement is granted.

         4.3.     Base Rent Adjustments. Thirty-Three (33) months after the
         Commencement Date, the Base Rent shall be adjusted to ONE HUNDRED SIXTY
         THOUSAND DOLLARS AND NO CENTS ($160,000.00) annually, which sum shall
         be payable in equal monthly installments of THIRTEEN THOUSAND THREE
         HUNDRED AND THIRTY-THREE DOLLARS AND THIRTY-THREE CENTS ($13,333.33).

         4.4.     Sales Tax. With each monthly installment of Base Rent, Tenant
         shall pay to Landlord all sales tax assessed by the State of Florida,
         and any other governmental authority, on the Gross Rent as rental
         income.

         4.5.     Industrial Gross Lease. This Lease is intended, and is hereby
         declared to be an "industrial gross" lease, it being the intention of
         the parties that Tenant shall be obligated to reimburse Landlord for
         Tenant's Proportionate Share (as defined at Section 6.1.3, herein) of
         increases in real estate taxes and property insurance above the amounts
         due for the calendar year 1999.

5.       UTILITIES. Tenant shall obtain electricity, water and sewer directly
from the public or municipal utility company serving the Demised Premises
through meters installed for said purpose. Tenant covenants and agrees to pay
all bills for electricity, water and sewer consumed in the Demised Premises
during the lease term directly to the public or municipal utility companies
serving the Demised Premises. In addition, Tenant shall pay all rents or
deposits imposed by the public or municipal utility company serving the Demised
Premises in connection with obtaining any utility, but excluding hook-up,
tap-in, and impact fees payable as a result of Tenant's Proposed Use of the
Demised Premises. Any default by Tenant in the timely payment of any bill or
charge of a public or municipal utility company shall be deemed a default by
Tenant under this Lease and Tenant agrees to indemnify and hold Landlord
harmless from any liability, lien, or expense in connection therewith.

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6.       FIRE SUPPRESSION AND ALARM SYSTEMS.

         6.1.     Fire Suppression System. The Demised Premises is serviced by a
         fire suppression system which system includes all the piping, valves,
         flow switches, sprinkler heads and related equipment contained in the
         Demised Premises (the "Premises Fire Suppression System") as well as
         the water supply wells, pumps, valves, switches, supply basin,
         pumphouse, control panels, water hydrants and related above and below
         ground distribution piping located elsewhere in the Park and shared by
         all the tenants in the Park (the "Shared Fire Suppression System").
         Landlord represents and warrants that the Fire Suppression Systems and
         the Fire Alarm System (as defined in Section 6.2, below) are in good
         working order as of the date that Landlord executes this Lease;
         however, Landlord makes no representation that the Fire Suppression
         Systems configured as of December 1, 1998 is or will be acceptable to
         the state, county and local code enforcement officials ("Code
         Enforcement Officials") having jurisdiction over the Fire Suppression
         Systems, for Tenant's Proposed Use. In the event that Code Enforcement
         Officials require modifications to the Fire Suppression Systems or the
         Demised Premises, or both, to be completed prior to Tenant's use and
         occupancy of the Demised Premises, Tenant shall make the required such
         modifications at Tenant's sole cost and expense, provided that Tenant
         comply with the terms of this Lease, including but not limited to
         Section 10.2, herein.

                  6.1.1.   Premises Fire Suppression System. Tenant shall
                  maintain and repair the Premises Fire Suppression System at
                  Tenant's sole cost and expense. In the event that there is a
                  change in Tenant's Use of the Demised Premises or a change in
                  the local building code or applicable ordinance or state or
                  federal statute or regulation requiring modifications,
                  alterations, extensions or improvements in the Premises Fire
                  Suppression System, the Tenant shall make such modifications,
                  alterations, extensions and improvements at Tenant's sole cost
                  and expense.

                  6.1.2.   Shared Fire Suppression System. Tenant shall pay to
                  Landlord, as Additional Rent and upon demand, Tenant's
                  proportionate share of the cost of maintaining, inspecting,
                  operating or repairing any portion of the Shared Fire
                  Suppression System. In the event that there is a change in
                  Tenant's Use of the Demised Premises requiring the
                  modification, alteration, extension or improvement of the
                  Shared Fire Suppression System, Tenant shall make such
                  modifications, alterations, extensions and improvements at
                  Tenant's sole cost and expense. In the event that there is a
                  change in the local building code or applicable ordinance or
                  state or federal statute or regulation requiring
                  modifications, alterations, extensions or improvements in the
                  Shared Fire Suppression System, the Tenant shall pay Landlord,
                  as Additional Rent and upon demand, Tenant's proportionate
                  share of the cost to make such modifications, alterations,
                  extensions and improvements at Tenant's sole cost and expense.

                  6.1.3.   Proportionate share shall be calculated by dividing
                  the total current occupyable building square footage into the
                  Demised Premises square footage.

                                       5
<PAGE>   7

                  For purposes of this Lease it is agreed that the "Tenant's
                  Proportionate Share" is Twenty Percent (20%).

         6.2.     Monitoring of Fire Suppression and Alarm Systems. The Demised
         Premises is serviced by a fire alarm monitoring system which system
         includes leased equipment including a control panel, wiring, flow
         switches, pull stations and a phone dialer (the "Fire Alarm System").
         The Premises Fire Suppression System and the Fire Alarm System
         installed in Demised Premises shall at all times be monitored by an
         outside alarm monitoring service (the "Monitoring Contractor") approved
         by the Landlord. Tenant shall obtain and maintain a monitoring service
         contract with the Monitoring Contractor, which contract shall provide
         24 hour off premises monitoring of Premises Fire Suppression System
         and the Fire Alarm System during the term of the Lease. The Tenant
         shall deliver a copy of the monitoring service contract to the Landlord
         upon request. The Tenant covenants and agrees to pay all invoices for
         the monitoring of the Premises Fire Suppression System and the Fire
         Alarm System installed in the Demised Premises during the lease term
         directly to the Monitoring Contractor, unless otherwise directed by
         the Landlord. Any default by Tenant in the timely payment of any
         invoice or charge of the Monitoring Contractor, or other party as
         directed by Landlord, shall be deemed a default by Tenant under this
         Lease and Tenant agrees to indemnify and hold Landlord harmless from
         any liability, lien, or expense in connection therewith.

         6.3.     Inspection of the Fire Suppression System and Alarm System.

                  6.3.1.   Premises Fire Suppression System. The Premises "Fire
                  Suppression System and the Fire Alarm System installed in
                  Demised Premises shall be inspected semi-annually, or more
                  frequently if so required by law, by a fire suppression and
                  alarm system contractor licensed in the State of Florida to
                  perform the required inspections (the "Inspection Contractor)
                  and approved by the Landlord. The Tenant shall deliver a copy
                  of the inspection contract to the Landlord upon request. The
                  Tenant shall cause any reports required by law to be filed
                  with the appropriate governmental authority. The Tenant
                  covenants and agrees to pay all invoices for the inspection of
                  the Premises Fire Suppression System and the Fire Alarm System
                  installed in the Demised Premises during the lease term
                  directly to the Inspection Contractor, unless otherwise
                  directed by the Landlord. Any default by Tenant in the timely
                  payment of any invoice or charge of the Inspection Contractor,
                  or other party as directed by Landlord, shall be deemed a
                  default by Tenant under this Lease and Tenant agrees to
                  indemnify and hold Landlord harmless from any liability, lien,
                  or expense in connection therewith.

                  6.3.2.   Shared Fire Suppression System. Since testing of any
                  individual tenant premises system requires testing of the
                  Shared Fire Suppression System, the Tenant agrees to cooperate
                  with the Landlord and other tenants at the Park in complying
                  with local, state and federal laws, ordinances and regulations
                  requiring the periodic inspection and certification of the
                  Shared Fire Suppression System

                                       6
<PAGE>   8
                  and the Fire Alarm System. To that end, the Landlord, in
                  cooperation with the Tenants may elect to secure an inspection
                  contract for the entire Park with each Tenant paying its
                  proportionate share of the costs.

7.       GENERAL TERMS OF RENTAL PAYMENTS.

         7.1.     Time and Place of Payment; No Demand. All rent and other sums
         due to Landlord hereunder shall be paid by check or bank draft payable
         to "MCIP Partnerships", and shall be delivered on or before 5:00 p.m.
         of the day such sum or sums are due to the following address:

                               c/o Viking Associates
                               One Makefield Road
                                    Suite B
                               Morrisville, PA 19067

         (or to such other party or at such other address as Landlord may
         designate, from time to time, by written notice to Tenant), without
         demand and without deduction, set-off or counterclaim (except to the
         extent demand or notice shall be expressly provided for herein).

         7.2.     Late Payments. Any rent or other sums due to Landlord
         hereunder which are not received by Landlord within five (5) days of
         the date and time due shall bear a one-time late fee of five (5%)
         percent of the outstanding sum. All sums outstanding more than thirty
         (30) days shall bear interest at the rate of eighteen (18%) percent
         per annum in addition to the late fee. In addition, Tenant shall pay
         Landlord a minimum charge of Fifty ($50.00) Dollars for any checks
         returned to Landlord by Landlord's bank unpaid.

         7.3.     No Waiver. If Landlord, at any time or times, shall accept
         rent or any other sum due to it hereunder after the same shall become
         due and payable, such acceptance shall not excuse delay upon subsequent
         occasions, or constitute, or be construed as, a waiver of any of
         Landlord's rights hereunder. No payment by Tenant or receipt by
         Landlord of a lesser amount than any installment or payment of Rent due
         shall be deemed to be other than on account of the amount due, and no
         endorsement or statement on any check or payment of rent shall be
         deemed an accord and satisfaction. Landlord may accept such check or
         payment without prejudice to Landlord's right to recover the balance of
         such installment or payment of rent, or pursue any other remedies
         available to Landlord.

         7.4.     All Sums Collectable as Additional Rent. All sums payable by
         Tenant under this Lease, whether or not stated to be rent or additional
         rent, shall be collectible by Landlord as additional rent ("Additional
         Rent") and in the event of a default in payment thereof Landlord shall
         have the same rights and remedies as for failure to pay rent (without
         prejudice to any other right or remedy available therefor).

                                       7
<PAGE>   9
         7.5.     Survival of Obligation to Pay. Tenant's obligation to pay
         Base Rent, Additional Rent, or any other sums payable by Tenant under
         this Lease, for any period prior to the expiration of the term of this
         Lease, shall survive the expiration or sooner termination of this
         Lease.

8.       FINANCIAL STATEMENTS. Within ninety (90) days of the close of Tenant's
fiscal year, Tenant shall deliver to Landlord Tenant's annual financial
statement (the "Financial Statement") prepared in accordance with Generally
Accepted Accounting Practices (GAAP) by an independent certified public
accountant. Each Financial Statement shall contain, among other things, Tenant's
Balance Sheet and Tenant's Operating Statement which shall include Total Current
Assets and Total Liabilities, as those things are defined by GAAP.

9.       CARE OF DEMISED PREMISES.

         9.1.     Tenant agrees, on behalf of itself, its officers, partners,
         employees and agents, that it shall:

                  9.1.1.   Comply at all times with any and all Federal, state
                  and local statutes, regulations, ordinances, and other
                  requirements of any of the constituted public authorities
                  relating to its use and occupancy of the Demised Premises, and
                  the Board of Fire Underwriters or any insurance organizations,
                  associations or companies, with respect to the Demised
                  Premises or Tenants use or occupancy thereof, or any property
                  affected by the Premises (collectively the "Laws"), and not
                  knowingly do or commit, or suffer to be done or committed
                  anywhere in or on the Park or the Demised Premises, any act or
                  thing contrary to any of the Laws;

                  9.1.2.   Without limiting the foregoing, comply at all times
                  with the federal Americans with Disabilities Act ("ADA") and
                  Tenant's responsibilities hereunder shall include the duty to
                  ensure that the Demised Premises, and all facilities and
                  improvements therein, comply with the requirements of the ADA
                  and that all facilities in the Buildings (such as but not
                  limited to restrooms and lobbies) comply with the ADA;
                  Landlord shall be responsible for compliance of the Park
                  (exclusive of the Demised Premises, but including common
                  areas) with applicable provisions of Title III of the ADA
                  (relating to Public Accommodations). Nothing in this Lease,
                  however, shall obligate Landlord to comply with any
                  requirements imposed upon Tenant pursuant to Title I
                  (Employment) of the ADA, and the Tenant, at Tenant's sole cost
                  and expense, shall comply with applicable requirements of such
                  Title 1. Tenant's obligations pursuant to this Paragraph 7.1
                  shall be to maintain the Demised Premises in compliance with
                  the Laws, the ADA and other requirements described in this
                  Paragraph 7.1. Notwithstanding that obligation to maintain,
                  Tenant shall not be obligated to incur any costs, fees or
                  expenses to bring the Demised Premises into compliance with
                  any requirements applicable as of the Commencement Date. It
                  shall be Landlord's obligation to pay all costs, fees and
                  expenses to bring the Demised Premises into compliance as of
                  the Commencement Date with all the requirements with which
                  Tenant must

                                       8
<PAGE>   10
                  maintain compliance subsequent to the Commencement Date.
                  Landlord shall not be obligated to incur any cost, fee or
                  expense or bring the Demised Premises into compliance to the
                  extent such cost relates specifically to activities to be
                  conducted on the Demised Premises by the Tenant and which
                  improvement, repair or alteration, but for the specific use by
                  Tenant, would not be necessary;

                  9.1.3.   Keep the Demised Premises including floor surfaces,
                  exterior walls and doors of the Demised Premises in good
                  order and condition and replace all glass broken by Tenant,
                  its agents, employees or invitees, with glass of the same
                  quality as that broken, except for glass broken by fire and
                  extended coverage type risks, and to use, maintain and occupy
                  the Demised Premises in a careful, safe, lawful and proper
                  manner, and not to commit waste thereon;

                  9.1.4.   Not permit the Demised Premises to be used in any way
                  which will injure the same, or to permit the same to become a
                  nuisance;

                  9.1.5.   Not overload, damage or deface the Demised Premises
                  or do any act which might make void or voidable any insurance
                  on the Demised Premises;

                  9.1.6.   Obtain and maintain all permits, licenses or
                  approvals and shall make all notifications, reports and
                  registrations required by Environmental Statutes and shall
                  submit to Landlord, upon request, for inspecting and copying,
                  all documents permits, licenses, approvals, manifests, reports
                  and records required to be submitted and/or maintained by the
                  provisions of the Environmental Statutes and also provide
                  promptly to Landlord copies of any correspondence, notice of
                  violation, summons, order, complaint or other document
                  received by Tenant pertaining to compliance with Environmental
                  Statutes;

                  9.1.7.   Not install any temporary or permanent tanks for the
                  storage of any liquid or gas above or below ground unless
                  Tenant has obtained written permission to do so from Landlord,
                  with the exception of propane, acetylene and oxygen tanks used
                  in connection with Tenant's Proposed Use, provided that Tenant
                  complies with all applicable statues, laws, regulations and
                  ordinances;

                  9.1.8.   Comply with such reasonable rules and regulations as
                  Landlord may promulgate from time to time for the general
                  safety, comfort and convenience of Landlord and tenants of the
                  Park, so long as such rules and regulations do not modify,
                  alter or amend any material term of this Lease, or materially
                  and adversely impact Tenant's Proposed Use of the Demised
                  Premises.

         9.2.     Environmental Care. Tenant hereby warrants and represents that
during Tenant's occupancy of the Demised Premises under the terms herein, Tenant
will use, maintain and occupy the Demised Premises in a safe, lawful and proper
manner, and will not use or permit or suffer the use of the Demised Premises or
any part thereof, to either directly or indirectly prepare, produce, generate,
manufacture, refine, treat, transport, store, maintain, handle, dispose of,
transfer, or process any Hazardous Substances, except to the

                                       9
<PAGE>   11
extent such Hazardous Substances are utilized in accordance with all federal,
state and municipal rules and regulations pertaining to such Hazardous
Substances. The term "Hazardous Substances" shall mean any pollutant,
contaminant, toxic or hazardous waste, dangerous substance, potentially
dangerous substance, noxious substance, toxic substance, flammable explosive,
radioactive material, urea formaldehyde foam insulation, asbestos, PCBs, or any
other substances, the removal for which Tenant is responsible hereunder, of
which is required, or the manufacture, preparation, production, generation, use,
maintenance, treatment, storage, transfer, handling or ownership of which is
restricted, prohibited, regulated or penalized by any and all federal, state,
county, or municipal statutes or laws now or at any time in effect, including
but not limited to the Comprehensive Environmental Response, Compensation and
Liability Act (CERCLA) (42 U.S.C. Sec. 9601 et seq.), as amended by the
Superfund Amendments and Reauthorization Act of 1986 (Pub. L. 99-499, 100 Stat.
1613 (1986)) (SARA), the Hazardous Materials Transportation Act (49 USC Sec
1801, et seq.), the Resource Conservation and Recovery Act (RCRA) (42 USC 6901
et seq.), the Federal Water Pollution Control Act (33 USC Sec 1251 et seq.), the
Clean Air Act (42 USC Sec. 7401 et seq.), the Toxic Substances Control Act, as
amended (15 USC Sec 2601 et seq.), and the Occupational Safety and Health Act
(OSHA) (29 USC Sec 651 et seq.) (collectively referred to herein as the
"Environmental Statutes");

                  9.2.1.   The parties acknowledge that the Demised Premises
                  were inspected by HSA Engineers & Scientists (the
                  "Environmental Engineer") to establish the environmental
                  condition of the Demised Premises prior to the Commencement
                  Date of this Lease (the "Base Line Condition"). The
                  Environmental Inspection evaluated a prior report, Building
                  #'s 3 & 4, the surrounding areas and Buildings. The
                  Environmental Engineer set forth its evaluation of the
                  environmental conditions of the Demised Premises in a
                  written report entitled "Limited Environmental Site
                  Assessment" dated August 26, 1998. A complete copy of
                  said report will be provided to Tenant.

                  9.2.2.   Tenant, at Tenant's sole cost and expense, hereby
                  agrees that within thirty (30) days prior to the termination
                  or expiration of this Lease, a similar environmental
                  inspection and report ("Termination Inspection Report") will
                  be performed to establish if Tenant has conformed to the
                  conditions of Section 8.2 above. In the event the inspection
                  indicates that the Demised Premises are not substantially in
                  the same condition as the Base Line Condition, Tenant, at
                  Tenant's sole cost and expense, shall pay for clean-up,
                  remediation and removal of such hazardous substances according
                  to the recommendations set forth in the Termination Inspection
                  Report, except that Tenant shall not be responsible for the
                  clean-up or removal of Hazardous Substances introduced onto
                  the Demised Premises during the Lease Term by parties other
                  than Tenant, its agents, servants, employees, contractors,
                  licensee's, customers, or invitees. In the event that cleanup,
                  remediation or removal for which Tenant is responsible
                  hereunder cannot be accomplished by the end of the term of the
                  Lease, then the term shall be automatically extended for such
                  period as it takes to remove or clean up the items

                                       10
<PAGE>   12

                  found. During this extended term, all terms and conditions
                  of the lease shall remain in full force and effect, with the
                  exception that the Gross Rent shall be increased by the sum
                  of ten (10%) percent annually over the Gross Rent in effect
                  immediately prior to the end of the original term of the Lease
                  and shall increase ten (10%) percent annually until said
                  clean-up, remediation or removal is completed. After removal
                  or clean up pursuant to the recommendations in the Termination
                  Inspection Report, a final inspection report ("Final
                  Inspection Report") shall be prepared demonstrating that the
                  Demised Premises are in substantially the same condition as
                  the Base Line Condition and the cost of the Final Inspection
                  Report shall be borne solely by Tenant.

                  9.2.3.   In the event that Tenant shall fail or refuse to have
                  performed the Termination Inspection Report within the time
                  period required herein, the Landlord may cause said report to
                  be completed and Tenant shall be responsible for the cost
                  thereof plus 15% for overhead. In the event that Tenant shall
                  fail or refuse to have performed any indicated clean-up,
                  remediation or removal, for which Tenant is responsible
                  hereunder, then Landlord may remove or clean-up the Hazardous
                  Substances found and upon completion thereof, Tenant shall pay
                  Landlord's cost of such removal or clean-up and the Final
                  Inspection Report plus 15% for overhead upon presentation of
                  the bills, as additional rent. Landlord shall promptly and
                  diligently pursue completion of clean-up.

         9.3.     Signage. Tenant may affix such reasonable sign or
         advertisement as Tenant desires on the outside of the Demised Premises
         or on the Building, or inside the Demised Premises and visible from the
         outside, subject to the municipal ordinances governing such sign or
         advertisement. Such sign shall be dignified and in good taste in
         keeping with the standards of the Park. Tenant shall maintain such sign
         or advertising in good maintenance and repair.

10.      REPAIRS AND IMPROVEMENTS.

         10.1.    Repairs.

                  10.1.1.  Landlord Responsibilities. Prior to and during the
                  term of this Lease, Landlord will maintain in proper repair
                  the roof and the Building structure, provided that in each
                  case Tenant shall have given Landlord prior written notice of
                  the necessity of such repairs and that any damages to the roof
                  or structure of the Building shall not have been caused by the
                  negligence or improper actions of Tenant. Landlord shall also
                  maintain all driveways, Common Parking Areas, drainage
                  structures, water and sewer transmission lines and all other
                  areas of the Park used in common with other tenants, excluding
                  the Shared Fire Suppression System and the maintenance of
                  portions of the Common Areas designated for the exclusive use
                  of the Tenant.

                                       11
<PAGE>   13

                  10.1.2.  Tenant Responsibilities. During the term of this
                  Lease, the Demised Premises, including but not limited to all
                  electrical, plumbing, heating, air conditioning and other
                  mechanical installations and systems therein (the "Interior
                  Installations"), and all doors, floor surfaces and walls, will
                  be maintained by Tenant in good condition and repair. The
                  Tenant shall be responsible for general grounds keeping and
                  maintenance of all lawn and planting areas within the boundary
                  of the Demised Premises as shown on Exhibit "A" or portions of
                  the Common Areas that have been reserved for the exclusive use
                  of the Tenant. It shall be Landlord's responsibility, however,
                  to maintain all external electrical transmission lines, all
                  external pipes conveying water and wastewater to and from the
                  Building. Tenant shall accomplish said repairs, alterations,
                  replacements and modifications at its own expense and using
                  materials and labor of kind and quality equal to the original
                  work. Unless caused by roof or structural problem, Landlord
                  shall not be obligated to repair, replace or maintain
                  components of the Demised Premises. If Tenant refuses or
                  neglects to repair the Demised Premises as required hereunder
                  and to the reasonable satisfaction of the Landlord as soon as
                  reasonably possible after written demand, Landlord may make
                  such repairs without liability to Tenant for any loss or
                  damage that may accrue to Tenants merchandise, fixtures, or
                  other property or to Tenant's business by reason thereof, not
                  caused by Landlord's negligence, and upon completion thereof,
                  Tenant shall pay Landlord's cost of making such repairs plus
                  fifteen (15%) percent for overhead, upon presentation of bills
                  therefore, as additional rent.

         10.2.    Tenant Improvements. Tenant may, at Tenant's sole expense,
         construct certain improvements and renovations to the Demised Premises,
         including the installation of Tenant's equipment to conduct Tenant's
         business at the Demised Premises, subject to the following conditions:

                  10.2.1.  Prior to commencing the construction or renovations,
                  Tenant shall submit to Landlord a detailed set of plans and
                  specifications, and obtain Landlord's written approval
                  thereof, which approval shall not be unreasonably withheld or
                  delayed. No later than ten (10) days after receipt of the
                  final plans and specifications, Landlord will notify Tenant of
                  any objections to the final plans and specifications, stating
                  specifically the reasons for the objection. No response from
                  Landlord shall be deemed acceptance of the plans and
                  specifications. At Tenant's option, Tenant may revise and
                  resubmit the final plans and specifications for Landlord's
                  review and approval, and Landlord shall review the final plans
                  and specifications as set forth above;

                  10.2.2.  Tenant shall use only new, first-class material of a
                  quality suitable for the purpose intended, and of a quality as
                  specified or as necessary for first-class work;

                  10.2.3.  Tenant shall cause all materials to be installed in a
                  good and workmanlike manner for such standard and tolerances
                  as are acceptable for typical commercial construction in the
                  Pinellas County area;

                                       12
<PAGE>   14
                  10.2.4.  Tenant shall secure all necessary permits, licenses
                  and other permissions, and if required by federal, state or
                  municipal statutes, rules, regulations or ordinance, Landlord
                  shall join in any such permits and licenses;

                  10.2.5.  Tenant shall and hereby does exonerate and indemnify
                  and hold harmless Landlord against all claims, suits,
                  obligations, and liabilities of any kind arising from said
                  construction and renovations;

                  10.2.6.  Upon reasonable prior notice to Tenant, Tenant shall
                  allow Landlord's workmen or supervisors to periodically
                  inspect said construction or renovations to assure that the
                  work is being performed according to Landlord's reasonable
                  expectations and requirements.

                  10.2.7.  Any improvements or renovations to the Demised
                  Premises made by Tenant during the term of this Lease shall be
                  the property of the Tenant for the term of this Lease,
                  however, such improvement or renovations, including trade
                  fixtures, and any other equipment, machinery or other devise,
                  shall be removed from the Demised Premises and the Premises
                  returned to its pre-improvement condition unless Landlord has
                  agreed in writing that such improvement shall remain, and
                  shall at the termination or expiration of this Lease become
                  the property of the Landlord;

                  10.2.8.  Tenant shall complete all such renovations and
                  improvements within six (6) months of approval of Tenant's
                  plans by Landlord; and

                  10.2.9.  Tenant shall have the right, at any time and from
                  time to time, install and remove trade fixtures, electric
                  lights and equipment and shall be required to remove such
                  items upon termination of this Lease; provided, however, that
                  Tenant shall remedy any damage or injury to the Demised
                  Premises or Personal Property caused by the removal of any
                  such installations.

         10.3.    Tenant shall do all things reasonably necessary to prevent the
filing of any mechanics or other liens against the Demised Premises or any part
thereof by reason of work, labor, services or materials supplied or claimed to
have been supplied to Tenant, or anyone holding the Demised Premises, or any
part thereof, through or under Tenant. If such liens shall at any time be filed
against the Demised Premises or the building of which it is a part, or any part
thereof by reason of Tenants work, labor, services, or materials as aforesaid,
Tenant shall either cause the same to be discharged of record within thirty (30)
days after notice to Tenant of filing of same, and notice to Landlord of such
filing, or if Tenant, in Tenant's discretion and good faith, determines that
such lien should be contested, shall finish such bond or other reasonably
required security:

                  10.3.1.  To prevent any foreclosure proceedings, arising from
                  such liens, against the Demised Premises or building during
                  the pendency of such contests; and

                                       13
<PAGE>   15
                  10.3.2.  To cause a title insurance company reasonably
                  satisfactory to Landlord to remove such lien as a matter
                  affecting title to the building of which the Demised Premises
                  is a part.

         10.4.    If Tenant shall fail to discharge such lien within such period
         or shall fail to furnish reasonable security, then, in addition to
         any other right or remedy of Landlord resulting from Tenant's said
         default, Landlord may, but shall not be obligated to, discharge the
         same either by paying the amount claimed to be due or by procuring the
         discharge of such lien by giving security and such other matter as is,
         or may be, prescribed or deposited by Landlord pursuant to the
         foregoing provisions of this paragraph, including Landlord's cost,
         expenses and reasonable attorney fees incurred by Landlord in
         connection therewith, with interest thereon at the rate of eighteen
         (18%) percent per annum. Nothing contained herein shall imply any
         consent or agreement on the part of Landlord to subject Landlord's
         estate to liability under any mechanics or other lien law.

11.      LANDLORD RIGHT TO ENTER. Tenant, on behalf of itself, its officers,
partners and agents, shall give Landlord, its agents and employees, access to
the Demised Premises at all reasonable times, and after reasonable notice to
Tenant, and at any time in the case of an emergency, without charge or
diminution of rent, to enable Landlord, (i) to examine the same and to make such
repairs, additions and alterations as Landlord may be permitted to make
hereunder or as Landlord may deem advisable for the Demised Premises or any
part thereof; and (ii) upon reasonable notice, to show the Demised Premises to
insurance brokers, agents or representatives, to prospective mortgagees and
purchasers, and to prospective tenants. If representatives of Tenant shall not
be present on the Demised Premises to permit entry upon the Demised Premises by
Landlord or its agents or employees at any time when such entry by Landlord is
necessary or permitted hereunder, Landlord may enter the Demised Premises by
means of a master key (or, in the event of any emergency, forcibly) without any
liability to Tenant (except for any damage or injury to Tenant caused by the
negligence of Landlord or its agents or employees) and without such entry
constituting an eviction of Tenant or a termination of this Lease. Landlord
shall not be liable by reason of any injury to or interference with Tenant or
Tenant's business arising from the making of any repairs, alteration, additions
or improvements in or to the Demised Premises or to any appurtenance or any
equipment therein, unless caused by the negligence of Landlord or its agents or
employees.

12.      QUIET ENJOYMENT. Subject to Tenant's payment of rent and other sums
payable hereunder and performing the covenants and conditions herein and to any
prior mortgage lien, Tenant shall and may peaceably and quietly have, hold and
enjoy the Demised Premises for the term of this Lease and any extensions or
renewals.

13.      ASSIGNMENT AND/OR SUBLET.

         13.1.   Tenant shall not assign this Lease or sublet all or any
         portion of the Demised Premises without first obtaining Landlord's
         prior written consent thereto, which consent shall not be unreasonably
         withheld and, if given, will not release Tenant from its obligations
         hereunder and will not be deemed a consent to any further subletting or

                                       14

<PAGE>   16

         assignment. It shall nevertheless be a condition to the effectiveness
         thereof that a fully executed copy of the sublease or assignment be
         furnished to Landlord and that any assignee assume in writing all
         obligations of Tenant hereunder. Tenant shall not mortgage or encumber
         this Lease. For purposes hereof, this assignment shall include any
         direct or indirect transfer or fifty percent (50%) or more of the
         voting stock of Tenant (except by reason of the death of a
         shareholder).

         13.2.    Notwithstanding anything herein to the contrary, Tenant shall
         not be prevented from selling all of the membership interests of the
         company or all of the assets of the company in conjunction with a sale
         of the business. In the event that the sale of the business results in
         the assets of the company being more highly leveraged than they are as
         of the Commencement Date, Landlord shall have the right to require
         Tenant to deliver from a party having sufficient financial net worth
         (as Landlord may reasonably determine) a partial guarantee of the
         obligation to pay rent as a condition of its consent to such transfer.
         The Term "leverage" shall mean the ratio of debt to equity as shown on
         the financial statement for the Tenant. In no event shall the amount
         of the partial guarantee exceed the amount found by multiplying the
         total rent due under the existing term of the Lease by the percentage
         of increase of the "leverage" of the Tenant. Tenant agrees to provide
         Landlord at least sixty (60) days prior notice of any such transfer and
         all information reasonably required by Landlord to determine the extent
         of the debt which will encumber the assets or the corporate stock in
         conjunction with its sale, and in the event Landlord requires a
         guarantee, all information reasonably required by Landlord to determine
         the adequacy and sufficiency of the guarantee to be given.

         13.2     In the event Landlord consents to an assignment or sublease of
         all or any portion of the Demised Premises, Landlord may condition its
         consent, among other things, on agreement by Tenant and its assignee
         and/or sublessee, as the case may be, that 50% of the rental payable
         under such assignment or sublease arrangement which exceeds the amount
         of rental payable hereunder be payable to Landlord as consideration of
         the granting of such consent. Nothing herein shall, however, be deemed
         to be a consent by Landlord as consideration of the granting of such
         consent or a consent by Landlord of any assignment or sublease or
         waiver of Landlord's right not to consent to any assignment or
         sublease.

14.      SURRENDER OF DEMISED PREMISES.

         14.1.    Upon the termination of this Lease in any manner whatsoever,
         Tenant shall (i) remove Tenant's goods and effects and those of any
         other person claiming under Tenant, (ii) quit and deliver up the
         Demised Premises and the Personal Property to Landlord peaceably and
         quietly in as good order and condition as at the inception of the term
         of this Lease or as the same hereafter may be improved by Landlord or
         Tenant, excepting only deterioration caused by reasonable use and wear
         thereof, damage from fire or other casualty of the kind insured in
         standard policies of fire insurance with extended coverage type risks,
         and (iii) promptly deliver to Landlord at its office or other location
         as designated by Landlord, all keys for the Demised Premises. Goods and
         effects not

                                       15

<PAGE>   17

         removed by Tenant at the termination of this Lease, however terminated,
         shall be considered abandoned and Landlord may dispose of and/or store
         the same as it deems expedient, the cost thereof to be charged to
         Tenant. If the Tenant retains possession of the Demised Premises or any
         part thereof after the termination of the term (but not for those
         reasons as set forth in Section 8.2 herein), the Tenant shall pay the
         Landlord Industrial Gross Rent at twice the rent payable for the last
         month of the term of this Lease for the time the Tenant thus remains in
         possession and, in addition thereto, shall pay the Landlord for all
         damages, consequential as well as direct, sustained by reason of the
         Tenant's retention of possession.

         14.2.    Upon the termination of this Lease in any manner whatsoever,
         Tenant agrees to cooperate in the assignment or transfer of any and all
         environmental and regulatory permits affecting the Demised Premises,
         the Personal Property and operation therein.

15.      INSURANCE.

         15.1.    Landlord's Insurance. At all times after the execution of this
         Lease, Landlord shall procure, carry and maintain property and casualty
         insurance and public liability insurance covering the Park and the
         Demised Premises placed through a reputable insurance carrier with such
         coverage and in such amounts as Landlord may reasonably determine, and
         upon Tenant's request, Landlord shall provide Tenant a certificate of
         insurance evidencing such coverage. The Tenant shall pay Tenant's
         Proportionate Share of the annual cost of said insurance in excess of
         the cost incurred for the Base Year of 1999, provided that such
         increase is not the result of arbitrary and unreasonably changes to the
         insurance policy by Landlord and which changes have not been required
         by Landlord's lenders. 15.2. Tenants Insurance. At all times after the
         execution of this Lease, Tenant shall, at its sole cost and expense,
         procure, carry and maintain adequate Comprehensive General Liability
         and Property Damage insurance with combined single limits of coverage
         of One Million Dollars ($1,000,000.00) on account of bodily injury and
         with respect to property damage, placed through a reputable insurance
         carrier. Such insurance shall include Landlord and Viking Associates,
         as a named additional insured under the policy, and, upon Landlord's
         request, Tenant shall provide Landlord a certificate of insurance
         evidencing such coverage.

                  15.2.1.  Prior to commencement of this lease and taking
                  possession of the Demised Premises, Tenant shall provide
                  Landlord with a Certificate of Insurance with whom coverage is
                  in force and effect and such Certificate or Certificates shall
                  contain a provision that such policy may not be canceled
                  unless the Landlord is notified at least thirty (30) days
                  prior to cancellation, and at least thirty (30) days prior to
                  the expiration of said policy. Upon cancellation or expiration
                  of said policy, the Tenant shall furnish the Landlord with
                  evidence satisfactory to Landlord that the policy has been
                  renewed or replaced. Tenant's failure to observe the
                  provisions of this paragraph regarding insurance shall
                  constitute default under the terms of this Lease. Further,
                  Landlord hereby reserves the right, upon any

                                       16

<PAGE>   18

                  renewals, expansion or extension of this Lease to reasonably
                  require Tenant to amend and increase the aforementioned
                  insurance coverage.

16.      DAMAGE AND DESTRUCTION.

         16.1.    Landlords Obligation to Repair and Reconstruct. If the
         Demised Premises shall be damaged by fire, the elements, accident or
         other casualty (any of such causes being referred to herein as a
         "Casualty"), but the Demised Premises shall not be thereby rendered
         wholly or partially untenantable, Landlord shall promptly cause such
         damage to be repaired and there shall be no abatement of Gross Rent.
         If, as the result of Casualty, the Demised Premises shall be rendered
         wholly untenantable for a period less than sixty (60) days or partially
         untenantable, then, subject to Landlord's option to terminate the
         Lease, as set forth in this Section below, Landlord shall cause such
         damage to be repaired and, provided such damage is not caused by the
         negligence of Tenant, its agents, concessionaires, officers, employees,
         contractors, licensees or invitees, all Gross Rent (other than any
         Additional Rent due Landlord by reason of Tenant's failure to perform
         any of its obligations hereunder) shall be abated proportionately as to
         the portion of the Demised Premises rendered untenantable during the
         period of such untenantability. If, as a result of a casualty not
         caused by Tenant's negligence as described above, the Demised Premises
         are rendered wholly untenantable and Tenant is unable to use the
         Demised Premises for Tenant's Proposed Use for a period more than sixty
         (60) days, Tenant shall have the right to terminate the Lease Agreement
         upon thirty (30) days prior written notice to Landlord. All such
         repairs shall be made at the expense of Landlord, subject to Tenant's
         responsibilities set forth herein. Landlord shall not be liable for
         interruption to Tenant's business or for damage to or replacement or
         repair of Tenant's personal property (including, without limitation,
         inventory, trade fixtures, floor coverings, furniture and other
         property removable by Tenant under the provisions of this Lease) or to
         any leasehold improvements installed in the Demised Premises, all of
         which damage, replacement or repair shall be undertaken and completed
         by Tenant promptly.

         16.2.    Option to Terminate Lease. If the Demised Premises are (a)
         rendered wholly untenantable, or (b) damaged as a result of any cause
         which is not covered by Landlord's insurance or (c) damaged or
         destroyed in whole or in part during the last three (3) years of the
         Term, then, in any of such events, either Landlord or Tenant may elect
         to terminate this Lease by giving to the other party notice of such
         election within ninety (90) days after the occurrence of such event. If
         such notice is given, the rights and obligations of the parties shall
         cease as of the date of such notice, and Gross Rent (other than any
         Additional Rent due Landlord by reason of Tenant's failure to perform
         any of its obligations hereunder) shall be due through the date of such
         termination.

         16.3.    Demolition of the Demised Premises. If the Demised Premises
         shall be so substantially damaged that it is reasonably necessary, in
         Landlord's judgment, to demolish the Demised Premises for the purpose
         of reconstruction, Landlord may demolish the same, in which event the
         Gross Rent shall be abated to the same extent as if the Demised
         Premises were rendered untenantable by a Casualty. If the Demised

                                       17

<PAGE>   19

         Premises are rendered wholly or partially untenantable without
         negligence of Tenant as described above, and Tenant is unable to use
         the Demised Premises for Tenant's Proposed Use, Tenant shall have the
         right to terminate the Lease Agreement by written notice to Landlord.

         16.4. Insurance Proceeds. If Landlord does not elect to terminate this
         Lease pursuant to this Section, Landlord shall, subject to the prior
         rights of any Mortgagee, disburse and apply any insurance proceeds
         received by Landlord to the restoration and rebuilding of the
         Building. All insurance proceeds payable with respect to the Demised
         Premises under policies held by Landlord shall belong to and shall be
         payable to Landlord.

17.      LIABILITY.

         17.1.    Landlord shall not be liable to Tenant for any damage to
         Tenant's property or injuries to the person of the Tenant unless such
         damage or injury shall be caused by or result from the failure of
         Landlord to perform any of its obligations hereunder or from negligence
         of the Landlord, its agents, servants. To the maximum extent permitted
         pursuant the laws of the State of Florida, now or hereafter in effect,
         Tenant hereby releases Landlord from all liability for damage caused to
         Tenant's property or injuries to the person of the Tenant resulting
         from fire, explosion, steam, gas, electricity, water, rain or snow or
         leading into the Demised Premises, bursting of pipes or other conduits,
         and damages and injuries caused by anyone other than the Landlord, its
         agents, servants, or employees, unless caused by Landlord's gross
         negligence.

         17.2.    Landlord and Tenant shall each indemnify and hold forever
         harmless the other against and from any penalty or damage or charges
         imposed for any violation of any laws or ordinances, whether occasioned
         by the neglect of the indemnifying party or those holding under such
         party, and Landlord and Tenant will at all times protect, each
         indemnify, and hold forever harmless the other against and from any and
         all claims, loss, cost, damage or expense, arising out of or from any
         accident or other occurrences on or about the Demised Premises, or
         involving the Personal Property, causing injury to any person or
         property whomsoever or whatsoever and will protect, indemnify, and hold
         forever harmless the other against and from any and all loss, cost,
         damage, or expense arising out of any failure of the indemnifying party
         in any respect to comply with and perform all the requirements and
         provisions of this Lease.

         17.3.    The provisions of this Section shall survive termination of
         this Lease.

18.      FIRE AND LIFE SAFETY REQUIREMENTS, Tenant shall provide for
the Demised Premises and at its own expense all fire extinguisher and emergency
lighting and any other equipment required to meet current O.S.H.A., appropriate
local, county or Florida State Fire Code requirements. However, any such
emergency lighting, fire extinguisher or other removable equipment shall remain
the property of the Tenant and may be removed at the termination of this Lease.
Upon such removal, Tenant shall restore the Demised Premises to its original
good condition, wear and tear excepted, and damage by fire or other casualty
excepted.

                                       18

<PAGE>   20

19.      NO BROKER'S AGREEMENT. Tenant and Landlord each represent and warrant
         to the other that it has had no dealings with any broker or agent in
         connection with this Lease, except for Financial Realty Services,
         Inc., representing the Landlord and Cushman & Wakefield of Florida,
         Inc., representing the Tenant, whose leasing commission shall be paid
         by Landlord in accordance with their separate agreement. Landlord and
         Tenant each covenants to pay, hold harmless and indemnify the other
         from and against any and all cost expense, or liability for
         compensation, commissions, and charges claimed by any other broker or
         agent with respect to this Lease or the negotiation thereof.

20.      DEFAULT.

         20.1.    Events of Default. Each of the following events shall be an
         Event of Default by Tenant hereunder:

                  20.1.1.  If Tenant shall fail to take possession of the
                  Demised Premises within thirty (30) days of Commencement
                  Date; or

                  20.1.2.  If Tenant fails to pay in full when due any and all
                  installments of rent and/or any other charges or payment
                  herein reserved, included, or agreed to be treated or
                  collected as rent or as additional rent; or

                  20.1.3.  If Tenant fails to observe or perform or otherwise
                  breaks any covenant, term, condition or agreement herein
                  contained; or

                  20.1.4.  If Tenant, without prior notice to Landlord, vacates
                  the Premises or removes or attempts to remove or manifests an
                  intention to remove any goods or property therefrom otherwise
                  than in the ordinary and usual course of business without
                  having first paid and satisfied Landlord in full for all rent
                  and other charges, expenses and costs then due or that may
                  thereafter become due until the expiration of the term.
                  Notwithstanding anything else contained herein to the
                  contrary, Tenant's absence from the Demised Premises shall not
                  be an Event of Default hereunder so long as Tenant pays the
                  rent when due, maintains the Demised Premises pursuant to the
                  terms of the Lease Agreement, and pays any increased insurance
                  cost associated with the Demised Premises being vacant; or

                  20.1.5.  To the extent permitted by law, if Tenant makes an
                  assignment for the benefit of creditors; or if Tenant files a
                  voluntary petition under any bankruptcy or insolvency law; or
                  if an involuntary petition alleging an act of bankruptcy or
                  insolvency is filed against Tenant (and not discharged within
                  sixty (60) days); or whenever the Tenant permits or otherwise
                  suffers this Lease to be taken under any writ of execution; or
                  if this Lease passes to or devolves upon, by law or otherwise
                  to one other than Tenant, except as permitted herein; or

                  20.1.6.  If Tenant makes any assignment or sublet of this
                  Lease, or otherwise transfers, mortgages or encumbers this
                  Lease, which is not in accord with the terms and conditions of
                  the assignment provisions of this Lease; or

                                       19

<PAGE>   21

                  20.1.7.  If a levy under execution or attachment shall be made
                  against Tenant or its assets and such execution or attachment
                  shall not be vacated or removed by court order, bonding or
                  otherwise within a period of 30 days.

         20.2.    Time to Remedy Default. Landlord shall have no right to
         exercise any remedy for default by Tenant unless and until Landlord
         shall send to Tenant written notice of any default specifying the
         default, and

                  20.2.1.  If the default is in payment of money, Tenant
                  fails to remedy the default within ten (10) days after said
                  notice is received by Tenant, or

                  20.2.2.  If the default is other than in payment of money, and
                  Tenant fails to cure the default within thirty (30) calendar
                  days following receipt of said notice by Tenant (unless such
                  default requires work to be performed, acts to be done, or
                  conditions to be removed which cannot by their nature
                  reasonably be performed, done or removed, as the case may be
                  within such 30-day period, in which case no default shall be
                  deemed to exist as long a Tenant shall have commenced curing
                  the same within such 30-day period and shall diligently and
                  continuously prosecute the same to completion).

         20.3.    Landlord shall not be required to give any notice of a
         monetary default or the same material default more than once within any
         twelve (12) month period.

         20.4.    Landlord's Remedies. The occurrence of any of the events
         listed in this Section above shall be deemed a breach of this Lease,
         and in addition to all other rights and remedies available to Landlord
         by law or equity or by any other provisions hereof, Landlord may, after
         Tenant's time to remedy the default, if any, expires, exercise the
         following remedies:

                  20.4.1.  Declare all rent, costs, expenses and other
                  charges herein reserved for the balance of the term of this
                  Lease (without regard to early termination of said term due to
                  default), which sum, reduced to present value using a discount
                  rate equal to the prime commercial lending rate of SunBank of
                  Tampa, or its successor, shall be hereinafter referred to as
                  the "Accelerated Rent" as further defined herein, to be due
                  and payable immediately; and/or

                  20.4.2.  Declare this Lease terminated, and on the date
                  specified in said notice, this Lease, the term herein, and all
                  rights of Tenant hereunder shall expire and terminate and
                  Tenant shall thereupon quit and surrender possession of the
                  Demised Premises to Landlord in the condition as elsewhere
                  herein required and Tenant shall remain liable to Landlord as
                  herein provided.

         20.5.    Accelerated Rent.  The term "Accelerated Rent" shall mean the
         aggregate of:

                                       20

<PAGE>   22

                  20.5.1.   All rent and other charges, payments, costs and
                  expenses due from Tenant to Landlord and in arrears at the
                  time of the election of Landlord to recover the Accelerated
                  Rent; and

                  20.5.2.  The Gross Rent reserved for the then entire unexpired
                  balance of the term of this Lease, reduced to present value
                  using a discount rate equal to the prime commercial lending
                  rate of SunBank of Tampa, or its successor, (without regard to
                  any early termination of the term by virtue of any default),
                  plus all other charges, payments, costs and expenses herein
                  agreed to be paid by Tenant up to the end of said term which
                  shall be capable of precise determination at the time of
                  Landlord's election to recover the Accelerated Rent.

         20.6.    Other Remedies. In the event that this Lease is terminated,
         or Landlord has elected to recover the Accelerated Rent and any portion
         of such sum shall remain unpaid, Landlord may, without further notice,
         pursue all rights and remedies that it may have in law or in equity and
         Tenant shall be liable to Landlord for all legal fees and costs
         incurred by Landlord in the enforcement of the rights and remedies
         hereunder.

         20.7.    Remedies Cumulative. All of the remedies hereinbefore given to
         Landlord and all rights and remedies given to Landlord by law and
         equity shall be cumulative and concurrent. No termination of this Lease
         or the taking or recovering of the Demised Premises shall deprive
         Landlord of any of its remedies or actions against Tenant for any and
         all sums due at the time of termination or recovery of possession.

         20.8.    No Duty to Mitigate Damages. Landlord shall have no duty relet
         the Demised Premises or any part thereof or to otherwise mitigate any
         damages which Landlord may have incurred as a result of Tenant's
         default.

21.      SUBORDINATION. This Lease is subject to and subordinate to any and all
mortgages or deeds of trust encumbering the Demised Premises as of the
Effective Date, and such mortgages or deeds of trust which Landlord shall deem
necessary to replace any existing mortgages or deeds of trust. Although this
subordination shall be self-executing, Tenant agrees upon demand of Landlord to
promptly execute, acknowledge and deliver all such instruments as shall be
requested by and prepared by or on behalf of Landlord, any mortgagee or proposed
mortgagee to confirm such subordination, and Tenant agrees to execute an
estoppel agreement in favor of any mortgagee of Landlord, if requested to do so
by any mortgagee or Landlord as set forth in the Section captioned "Estoppel and
Attornment" below.

22.      EMINENT DOMAIN. If the whole or a substantial part of the Demised
Premises shall be taken or condemned for a public or quasi-public use under any
statute or by right of eminent domain or private purchase in lieu thereof by any
competent authority, Tenant shall have no claim against Landlord and shall not
have any claim or right to any portion of the amount that may be awarded as
damages or paid as a result of any such condemnation or purchase; and all rights
of the Tenant to damages therefor are hereby assigned by Tenant to Landlord. The
foregoing shall not, however, deprive Tenant of any separate award for moving
expenses or for any other award. Upon the date the right to possession shall
vest in the condemning authority,

                                       21

<PAGE>   23

this Lease shall cease and terminate with rent adjusted to such date and Tenant
shall have no claim against Landlord for the value of any unexpired term of this
Lease.

23.      ESTOPPEL AND ATTORNMENT.

         23.1.    Estoppel Certificate. Tenant shall, within fourteen (14)
         days of the request of Landlord, issue an estoppel certificate, in the
         form supplied by Landlord, to any party designated by Landlord. Should
         Tenant fail to sip an estoppel certificate within fourteen (14) days or
         unreasonably withhold its signature, Landlord may commence legal
         proceedings to enforce this provision and in the event that Landlord
         prevails in any such proceeding, Tenant shall be responsible for all
         legal fees incurred by Landlord and for all damages incurred by
         Landlord resulting from Tenant's failure to sign an estoppel
         certificate.

         23.2.    Attornment In the event of the sale or assignment of
         Landlord's interest in the Park of which the Demised Premises are a
         part or in the event of the exercise of the power of sale under any
         mortgage made by Landlord, Tenant shall execute upon request a
         non-disturbance and an attornment agreement with the purchaser to
         recognize such purchaser as Landlord under this Lease in return for the
         purchaser's agreement not to disturb Tenant's possession hereunder.

24.      NOTICES. All notices and elections required or desired to be given
hereunder shall be in writing, and shall be sent by either (i) United States
registered or certified mails, return receipt requested, or (ii) overnight mail,
facsimile transmission or hand-delivery, and shall be effective upon receipt.
All notices shall be addressed as follows:

         For Tenant:
                           Peter S. Warhurst
                           PODS
                           6101 45th Street North, Building #4
                           St. Petersburg, FL
                           Telephone:
                           Facsimile:

         With a copy to:
                           Marc Silverman
                           509 S. Greenwood Ave.
                           Clearwater, FL 33756
                           Telephone: (727) 465-1977
                           Facsimile: (727) 465-9593

         For Landlord:
                           Viking Associates
                           One Makefield Road
                           Suite B
                           Morrisville, Pennsylvania 19067

                                       22

<PAGE>   24

                           Attn: Michael J. Clark
                           Telephone: (215) 736-0303
                           Facsimile: (215) 736-0530

Nothing herein contained shall be construed as prohibiting the parties
respectively from changing the place at which notice is henceforth to be given,
but no such change shall be effective until it shall have been accomplished by
written notice given in the manner set forth in this Section.

25.      WAIVER OF SUBROGATION. Each party hereto hereby waives any and every
claim which arises or which may arise in its favor and against the other party
hereto during the term of this Lease or any extension or renewal thereof for any
and all loss of, or damage to, any of its property located within or upon
constituting a part of the Demised Premises, to the extent that such loss or
damage is recovered under an insurance policy or policies and is paid to the
waiving party and to the extent such policy or policies contain provisions
permitting such waiver of claims.

26.      MISCELLANEOUS.

         26.1.    Waiver. The failure of Landlord to insist in any one or
         more instances upon the strict performance of any one or more of the
         agreements, terms, covenants, conditions or obligations of this Lease,
         or to exercise any right, remedy or election herein contained, shall
         not be construed as a waiver or relinquishment in the future of such
         performance or exercise, but the same shall continue and remain in full
         force and effect with respect to any subsequent breach, act or
         omission. The failure of Tenant to insist in any one or more instances
         upon the strict performance of any one or more of the agreements,
         terms, covenants, conditions or obligations of this Lease, or to
         exercise any right, remedy or election herein contained, shall not be
         construed as a waiver or relinquishment in the future of such
         performance or exercise, but the same shall continue and remain in full
         force and effect with respect to any subsequent breach, act or
         omission.

         26.2.    Headings. The headings of the Sections of this Lease have been
         inserted for convenience or reference only, shall not constitute a part
         hereof and shall not be construed as defining or limiting the scope of
         any provision herein.

         26.3.    Counterparts. This Lease may be signed by Tenant and Landlord
         in counterparts, all of which when taken together shall be deemed an
         original Lease. Facsimile signatures of the parties will be acceptable
         to the parties, provided that the faxing party provide an actual
         executed Lease Agreement the next day by overnight delivery.

         26.4.    Plural, Singular, Gender. Where appropriate, the use of the
         singular herein shall include and be deemed to be the plural, the use
         of the plural herein shall include and be deemed to be the singular and
         the use of gender shall include all gender.

         26.5.    Time of the Essence. Time shall be of the essence with respect
         to the performance by Tenant and Landlord of their respective
         obligations under this Lease.

                                       23

<PAGE>   25

         26.6.    Weekend or Legal Holiday. If the date for performing any
         covenant under this Lease shall fall on a Saturday, Sunday or legal
         holiday, the date for performance of same shall be extended to the next
         succeeding business day.

         26.7.    Time Period Calculations. For purposes of this Lease, where
         the term "days" is used in connection with a time period consisting of
         five (5) days or less, such time period shall be construed to mean
         business days; if such time period exceeds five (5) days, such time
         period shall be construed to mean calendar days.

         26.8.    Partial Invalidity. If any term or provision of this Lease or
         the application thereof to any party or circumstances shall, to any
         extent be held invalid or unenforceable, the remainder of this Lease,
         or the application of such term or provision to parties or
         circumstances other than those as to which it is held invalid or
         unenforceable, shall not be affected thereby, and each term and
         provision of this Lease shall be valid and enforced to the fullest
         extend of the law.

         26.9.    Lease Not Recordable. This Lease shall not be recorded in any
         public records, and any such recording shall be void and of no effect.

         26.10.   Choice of Law. This Lease and the rights of the parties
         hereunder shall be construed under and governed by the laws of the
         State of Florida and venue with respect to any litigation shall be
         Pinellas County, Florida. This Agreement shall not be construed more
         strictly against one party than against the other because it may have
         been prepared by counsel for one of the parties, it being recognized
         that both Landlord and Tenant have contributed substantially and
         materially in the negotiation and preparation of this Lease.

27.      PERSONS BOUND. The submission of this Lease does not constitute a
reservation of, or option for, the Demised Premises and this Lease shall become
a binding offer and legally enforceable contract only upon execution and
delivery thereof by both Landlord and Tenant and the payment of any sums due
upon the execution of this Lease at set forth herein. All rights and liabilities
herein given to, or imposed upon the respective parties hereto, shall extend to
and bind the several and respective heirs, executors, administrators, successors
and assigns of said parties.

         27.1.    If the term "Tenant," as used in this Lease, refers to more
         than one person, then as used in this Lease, said term shall be deemed
         to include all of such persons or any of them; if any of the
         obligations of Tenant pursuant to this Lease are guaranteed, the term
         "Tenant" shall be deemed to include Tenant, the Guarantor, or either or
         both of them; and if this Lease shall have been assigned, the term
         "Tenant" shall be deemed to include the Tenant, the assignee, or either
         or both of them, provided that this Lease shall not inure to the
         benefit of any assignee or successor of Tenant except upon the express
         written consent of Landlord as herein provided.

         27.2.    The term "Landlord", as used in this Lease, means the fee
         owner of the Park and Landlord above-named represents that it is the
         holder of such rights as of the date of execution of this Lease. Tenant
         acknowledges that Vikco, Inc. t/a Viking Associates is

                                       24

<PAGE>   26

         the authorized agent and representative of Landlord and is empowered to
         act on the Landlord's behalf. Tenant further acknowledges that all
         protection and indemnifications which extend to Landlord herein shall
         also extend to Viking Associates. In the event of the voluntary or
         involuntary transfer of Landlord's ownership interest to a
         successor-in-interest of Landlord, Landlord shall be freed and relieved
         of all liability and obligation hereunder which shall thereafter accrue
         and Tenant shall look solely to such successor-in-interest for the
         performance of the covenants and obligations of the Landlord hereunder
         which shall thereafter accrue. The liability of Landlord and its
         successors-in-interest, under or with respect to this Lease, shall be
         strictly limited to and enforceable only out of its or their interest
         in the Park and shall not be enforceable out of any other assets. No
         mortgagee or ground Landlord which shall succeed to the interest of
         Landlord hereunder shall: (i) be liable for any previous act or
         omission of a prior Landlord, (ii) be subject to any rental offsets or
         defenses against parties and that there are no promises, leases,
         conditions or understandings, either oral or written between them other
         than are herein set forth. It is further understood and agreed that,
         except as herein otherwise provided, no subsequent alteration,
         amendment, change or addition to this Lease shall be binding upon
         Landlord or Tenant unless reduced to writing and signed by them.

28.      ENTIRE AGREEMENT. It is expressly understood and agreed by and between
the parties hereto that this Lease, and any Rider or Addendum that may be
attached hereto, sets forth the entire lease between the parties and that
there are no promises, leases, conditions or understandings, either oral or
written between them other than are herein set forth. It is further understood
and agreed that except as herein otherwise provided, no subsequent alteration,
amendment, change or addition to this Lease shall be binding upon Landlord or
Tenant unless reduced to writing and signed by them.

29.      WAIVER OF JURY TRIAL. LANDLORD AND TENANT HEREBY WAIVE THE RIGHT TO
TRIAL BY JURY IN ANY ACTION OR PROCEEDING THAT TENANT OR LANDLORD MAY
HEREINAFTER INSTITUTE AGAINST THE OTHER, PROVIDED SUCH WAIVER IS NOT PROHIBITED
BY LAW.

         IN WITNESS WHEREOF, the parties hereto, intending to be legally bound
hereby have caused this Lease to be executed the day and year as set forth
below.

WITNESS/ATTEST:                   TENANT:
                                  PORTABLES ON DEMAND STORAGE, LLC
                                  (d/b/a/ PODS)

                                  By:
-----------------------------        ------------------------------------------
                                     Name:
                                     Title:

                                  Date:                 199
                                       ---------------,    ----

                                       25

<PAGE>   27

                                  LANDLORD:
                                  MCIP REALTY ASSOCIATES NO.2
                                  MCIP REALTY ASSOCIATES NO.3,
                                  MCIP REALTY ASSOCIATES NO.4,
                                  MCIP REALTY ASSOCIATES NO.5,
                                  New Jersey general partnerships

                                  By:
----------------------------         ------------------------------------------
                                     Robert T. Healey, general partner

                                  Date:                 199
                                       -----------------   --

                                  By:
----------------------------         ------------------------------------------
                                     William J. Healey, general partner

                                  Date:                 199
                                       -----------------   --

                                       26

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00020-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00020-of-00352.parquet"}]]