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                                                                   EXHIBIT 10.30

                         SEVERANCE AGREEMENT AND RELEASE

         THIS SEVERANCE AGREEMENT AND RELEASE (the "Agreement") made and entered
into by and between BARRY R. RUBENS (the "Executive") and CT COMMUNICATIONS,
INC. (the "Company"), a corporation organized under the laws of the State of
North Carolina (collectively defined and referred to as the "Parties");

                                   WITNESSETH:

         WHEREAS, Executive is currently employed by the Company as Senior Vice
President, Strategic Planning and Corporate Development, at the Company's
Concord, North Carolina offices;

         WHEREAS, Executive has indicated his desire to voluntarily resign from
the Company;

         WHEREAS, the Parties desire to enter into this Agreement to conclude
their employment relationship, provide for an orderly transition of Executive's
responsibilities and resolve all matters by and among them, including but not
limited to, any matters relating to Executive's employment relationship with and
separation from the Company;

         NOW, THEREFORE, in exchange for the premises and mutual covenants
contained in this Agreement, the Parties, intending legally to be bound, agree
as follows:

         1. TRANSITION AND SEPARATION FROM EMPLOYMENT. The Parties agree that
Executive's active involvement as Senior Vice President, Strategic Planning and
Corporate Development with the Company shall end on Tuesday, March 18, 2003,
after which Executive shall continue to be employed by the Company for a period
through, and Executive's official employment with the Company shall end,
effective March 31, 2003.

         The Parties agree that prior to Executive's separation from employment
on March 31, 2003, Executive will reasonably cooperate with the Company in the
transition of his position responsibilities on an as-needed basis during regular
business hours. Moreover, during the period April 1, 2003 through June 30, 2003,
Executive agrees to consult with the Company on a limited, as-needed basis
concerning post-transition issues that may arise with respect to subject matters
that are within the current scope of his job duties and responsibilities;
provided that such consulting services shall not exceed more than twenty (20)
hours per week during regular business hours.

         Except for Executive's opportunity to obtain continuation medical
coverage as allowed by and pursuant to COBRA after March 31, 2003, Executive's
ongoing rights to any accrued, vested benefits or as otherwise set forth below,
Executive's rights to his regular benefits shall cease effective March 31, 2003.
The Parties further acknowledge and agree that except for the confidentiality,
non-compete, return of documents and other post-employment obligations of
Executive under the Change in Control Agreement signed by Executive on October
1, 1997 (the "Change in Control Agreement"), which obligations shall continue to
remain in full force and effect, the Change in Control Agreement shall be
terminated, effective March 31, 2003.

         2. NATURE OF SEPARATION. The Company agrees that it will reflect
Executive's transition and final separation as resulting from a voluntary
resignation in the personnel records of the Company for purposes of employment
references, any subsequent job search or otherwise.

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         3. VACATION PAY. Regardless of whether Executive signs this Agreement,
Executive is entitled to receive payment for all then remaining earned but
unused vacation days, if any, as of March 31, 2003, payable by the Company to
Executive in a lump sum amount on or before the next available payday following
March 31, 2003, less appropriate deductions required by law for the payment of
wages, including for state and federal taxes and FICA. The Company will report
the vacation payment as W-2 income for the applicable tax year in which it is
received. Executive also will not accrue and will not be entitled to receive any
additional vacation during any period that he is receiving severance payments
under this Agreement.

         4. EXPENSE REIMBURSEMENT. Regardless of whether Executive signs this
Agreement, the Parties agree that the total expense reimbursements due Executive
for reasonable and authorized expenses incurred by him during his employment
with the Company through March 31, 2003 but not yet reimbursed to him, shall be
payable by the Company to Executive following March 31, 2003 and the submission
of appropriate receipts and other reimbursement information from Executive to
the Company concerning the same. Executive further acknowledges and agrees that
all requests for expense reimbursements, if any, must be submitted to the
Company for review no later than April 30, 2003.

         5. BONUS PAY. Executive acknowledges and agrees that prior to his
separation date on March 31, 2003, he has received full payment from the Company
for his bonus and other compensation due him under the Company's 2000-2002
Long-Term Incentive Plan (the "2000 LTIP"), less applicable deductions required
by law or otherwise authorized by Executive. In addition, following the date of
Executive's separation from the Company on March 31, 2003, Executive shall cease
to be an active participant in the Company's 2001-2003 Long-Term Incentive Plan
(the "2001 LTIP"), the Company's 2002-2004 Long-Term Incentive Plan (the "2002
LTIP"), the Company's 2003-2005 Long-Term Incentive Plan (the "2003 LTIP"), the
Company's Annual Incentive Program for the period ending December 31, 2003 (the
"2003 Annual Incentive"), or any other incentive compensation bonus program with
the Company, effective March 31, 2003. Moreover, in accordance with such plan
terms, Executive acknowledges and agrees that in light of his separation on
March 31, 2003, he shall forfeit and not be entitled to any payments or
compensation under the terms of the 2001 LTIP, the 2002 LTIP, the 2003 LTIP or
the 2003 Annual Incentive.

         6. SEVERANCE PAYMENTS AND BENEFITS.

                  a. RESTRICTED STOCK AND STOCK OPTIONS. The Parties acknowledge
         and agree that the restrictive period for part of the outstanding,
         non-lapsed restricted shares granted to Executive by the Company on May
         31, 1999 (2,000 shares, 2-year restriction; and 2,000 shares, 3-year
         restriction) has previously expired and been lifted. In addition, the
         Company agrees that in exchange for the release set forth in provision
         8 below and the other terms and conditions of this Agreement, following
         the Effective Date of this Agreement (as defined in provision 17
         below), and provided all conditions of this Agreement are met by
         Executive, the restrictive period for the outstanding, non-lapsed
         restricted shares granted to Executive by the Company on February 9,
         1996 (2,592 shares, 10 year restriction), March 1, 1997 (3,248 shares,
         10 year restriction), and part of the restricted shares granted on May
         31, 1999 (2,000 shares, 4-year restriction) shall be lifted and such
         shares shall no longer be subject to restrictions, effective March 31,
         2003.

                  Except as otherwise noted above, Executive and the Company
         acknowledge and agree that nothing in this Agreement shall alter or in
         any way affect: (1) the restrictions that have expired or that are
         currently scheduled to expire on or before March 31, 2003

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         for the outstanding, non-lapsed restricted shares previously granted to
         Executive by the Company; or (2) the restrictions that were originally
         scheduled to continue after March 31, 2003 in accordance with such
         applicable grant terms for the outstanding, non-lapsed restricted
         shares previously granted to Executive by the Company (which post-March
         31, 2003 restrictions shall not be lifted and such shares shall lapse
         upon Executive's separation from the Company, effective March 31,
         2003).1[1]

                  Executive acknowledges and agrees that as set forth in
         Executive's Company stock option plan documents, if he desires,
         Executive will be required to exercise all outstanding, non-lapsed
         vested stock options with the Company within ninety (90) days following
         his separation from employment with the Company, effective March 31,
         2003. In addition, a schedule listing the outstanding, non-lapsed stock
         options and outstanding, non-lapsed restricted shares granted to
         Executive under any Company stock option award agreement, the Company's
         Annual Incentive Program Bonus, the Company's Long-Term Incentive Plan,
         or otherwise prior to March 31, 2003 is attached as Exhibit A.

                  b. SEVERANCE PAY. Following the Effective Date of this
         Agreement (as defined in provision 17 below), and provided all
         conditions of this Agreement are met by Executive, the Company shall
         pay salary continuation to Executive for a 3-month period from April 1,
         2003 through June 30, 2003 based on Executive's current monthly base
         salary rate of $17,416.67. The Company further agrees that in the event
         that Executive has not accepted or begun work as an employee with
         another company, entity or person by June 30, 2003, the Company shall
         pay salary continuation to Executive beginning on July 1, 2003 for an
         additional 9-month period through March 31, 2004 or until Executive
         accepts or begins other work as an employee, whichever is earlier,
         based on Executive's current monthly base salary rate of $17,416.67.

                  The Parties agree that despite such severance pay continuation
         limits, Executive may accept or begin work as a self-employed
         consultant or independent contractor for another company, entity or
         person or start his own business/company during the period July 1, 2003
         through March 31, 2004 and continue to receive the severance pay
         outlined above, provided he otherwise continues to abide by all ongoing
         conditions of this Agreement, including but not limited to the
         confidentiality, non-compete, return of documents and other
         post-employment obligations contained or referenced in this Agreement.
         However, Executive agrees that in the event he begins such work as a
         consultant or independent contractor, has started his own
         business/company or has become self-employed during the period July 1,
         2003 through March 31, 2004, any income earned by Executive from such
         activity (whether paid directly to Executive, deferred or otherwise
         applied) shall be reported to the Company, and the Company's potential
         severance pay obligations to Executive under this provision 6.b. during
         such period shall be directly offset and reduced by the same.

                  All payments to Executive pursuant to this provision 6.b.
         shall be made by the Company at the same time and in the same manner as
         Executive's prior salary payments, less appropriate deductions required
         by law for the payment of wages, including for state and federal taxes
         and FICA. The Parties further agree that the Company will report such
         severance payments as W-2 income for the applicable tax year in which
         they are received.

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1[1] E.g., 4000 shares granted May 31, 1999; 3000 shares granted January 8,
2001; and 4,026 shares granted February 2003.

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                  As an additional condition precedent to Executive's
         eligibility to receive the salary continuation payments set forth in
         this provision 6.b., Executive shall be required to provide written
         confirmation to Vice President, Human Resources Richard Garner, Jr. to
         be received by Mr. Garner on or before the 6th of each month beginning
         in July 2003 through March 2004, detailing his then work status,
         whether Executive has accepted or begun work as an employee,
         independent contractor, consultant or otherwise with another company,
         entity or person or started his own business, and the amount of any
         income received by him during that period for such activity.

                  In the event Executive fails to provide such notice during the
         periods required or Executive misrepresents or omits his actual work
         status in such notices, Executive shall forfeit at the time of the
         breach the right to any additional severance pay under this provision
         6.b., and Executive shall be required to refund to the Company and the
         Company shall be entitled to recover of Executive the amount of
         severance pay already paid to or on behalf of Executive by the Company
         under this Agreement for the period following the date of Executive's
         breach by failure to provide timely notice or misrepresentation or
         omission of his work status. Moreover, Executive agrees that in the
         event of any such breach, the Company shall be entitled to costs and
         reasonable attorneys' fees incurred relating to any proceeding to
         enforce or collect a refund of the amounts set forth in this provision
         6.b.

                  c. EQUIPMENT. Following the Effective Date of this Agreement
         (as defined in provision 17 below), and provided all conditions of this
         Agreement are met by Executive, the Company shall allow Executive to
         retain possession of the Company's Palm Pilot and cellular telephone
         currently issued to him. In addition, following the Effective Date of
         this Agreement, and provided all conditions of this Agreement are met
         by Executive, the Company shall provide the Executive with a laptop
         computer similar to that currently issued to him. The Parties further
         agree that all such equipment must be reviewed and purged of all
         Company-related records by the Company's IS Department prior to
         delivery. Moreover, Executive further agrees that his continued use of
         such equipment is expressly contingent on his continuing to abide by
         his return of records, confidentiality and other post-employment
         obligations set forth or referenced in this Agreement.

         7. NO OTHER PAYMENTS OR BENEFITS. As set forth in Executive's Company
stock option plan documents, Executive acknowledges that, if he desires, he will
be required to exercise all outstanding, vested non-lapsed stock options with
the Company within ninety (90) days following his separation from employment
with the Company, effective March 31, 2003. In addition, except for the payments
described above in this Agreement and Executive's general right to elect certain
continued medical coverage under COBRA, Executive acknowledges that he is not
entitled to any additional wages, pay, payments, bonuses, incentive pay,
commissions, compensation, flexible spending account payments, severance pay,
consideration or benefits of any kind from the Company, except that Executive
shall not forfeit any accrued, vested stock option or restricted share, or
vested 401(k), pension or SERP benefits with the Company as of March 31, 2003.
Executive further agrees that any shares or other compensation due him from
WaveTel shall be forfeited and automatically become null and void effective upon
his execution of this Agreement.

         8. RELEASE. In exchange for the severance pay, restricted share vesting
acceleration, equipment and other consideration set forth in provision 6 above,
Executive, for himself, his heirs, executors, legal representatives,
administrators, successors and assigns, hereby fully

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releases, discharges and covenants not to sue the Company, its affiliate,
subsidiary and parent companies and divisions, as well as such entities'
respective officers, directors, trustees, employees, agents, predecessors,
successors and assigns (collectively, the "Releasees"), of and from any and all
claims, actions, lawsuits, damages, administrative charges, or demands of any
kind whatsoever, whenever or wherever they arose, including but not limited to
any claims that Executive has, may have or may have had at the time of or prior
to his execution of this Agreement arising out of or related to: (a) Executive's
entering into this Agreement, (b) Executive's prior employment relationship with
the Company, (c) Executive's separation from employment with the Company, (d)
any claims for breach of contract, implied or express, impairment of economic
opportunity, intentional or negligent infliction of emotional distress, prima
facie tort, defamation, libel, slander, negligent termination, wrongful
discharge, or any other tort, whether intentional or negligent, (e) any claims
arising under Title VII of the Civil Rights Act of 1964, as amended, 42
U.S.C.ss.2000(e), et seq.; the Age Discrimination in Employment Act of 1967, as
amended, 29 U.S.C. ss.621 et seq.; the Civil Rights Act of 1866, 1870, and 1971,
42 U.S.C.ss. 1981, et seq.; the Civil Rights Act of 1991, Publ. L. No 102-166,
105 Stat. 1071-1100; the Employee Retirement Income Security Act of 1974, as
amended, 29 U.S.C.ss.1001 et seq.; the Consolidated Omnibus Budget
Reconciliation Act ("COBRA"), 29 U.S.C.ss.1161 et seq.; the Americans With
Disabilities Act, 42 U.S.C.ss. 12191 et seq.; the Family and Medical Leave Act,
29 U.S.C.ss. 2601 et seq.; the Worker Adjustment and Retraining Notification
Act, 29 U.S.C.ss.2101 et seq.; the United States Constitution and any state
constitution; and all applicable rules and regulations under such acts, statutes
and constitutions; (f) any claims arising under the common law of any state,
including but not limited to, the North Carolina Handicapped Persons Protection
Act, N.C.G.S.ss. 168A-1 et seq.; the North Carolina Wage and Hour Act,
N.C.G.S.ss. 95-25.1 et seq.; the North Carolina Retaliatory Employment
Discrimination Act, N.C.G.S.ss.95-240 et seq.; the North Carolina Workers'
Compensation Act, N.C.G.S.ss. 97-1 et seq.; and the North Carolina Equal
Employment Practices Act, N.C.G.S.ss. 143-422.2; and (g) all other federal,
state and local civil rights acts, regulations, and orders relating to any term,
condition, or termination of employment, whether under tort or contract, or
under statute or otherwise. Executive further agrees not to file, institute or
pursue any lawsuit, claim or administrative action against the Releasees
relating to those claims.

         The Parties, however, agree that this release shall not: (i) include
any claims relating to the obligations of the Company under this Agreement; (ii)
affect Executive's vested and accrued stock options or restricted shares, or
vested rights as a participant in the Company sponsored 401(k), pension or SERP
plan; (iii) affect Executive's right to exercise any conversion rights provided
to Executive in the Company's insurance and benefits plans, if any; or (iv)
affect any rights or claims that may arise out of events occurring after the
date this Agreement is signed. The Parties further expressly understand and
agree that this release is and shall continue to be enforceable regardless of
whether there is a subsequent dispute between the Parties concerning any alleged
breach of this Agreement.

         9. AGREEMENT CONFIDENTIALITY. The Parties agree that the terms of this
Agreement, including the amounts of any payments made as outlined in provision 6
above, shall remain confidential. The Parties, however, agree that: (a) the
Company may disclose the terms of this Agreement to officers and directors of
the Company; (b) the Company may disclose the terms of this Agreement to senior
management, human resources, payroll and financial services employees of the
Company, to professionals representing it, to the Company's insurance agents and
carriers, and to affiliates and employees of the same with a need to know to the
extent necessary to give effect to this Agreement; and (c) Executive may
disclose the terms of this Agreement to his spouse and children, his
accountants, financial advisors and tax return preparers (to the extent
necessary in preparing his 2003 or 2004 tax returns or to receive relevant tax
advice), and his

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attorney (in a legally recognized privileged communication), provided that such
third parties comply with the confidentiality requirements set forth above. In
addition, the Parties agree that they are permitted to disclose the terms of
this Agreement to the IRS, the North Carolina Department of Revenue, and other
applicable state departments of taxation, if necessary, and as otherwise
required by law. The Parties further agree that the Company may also disclose
the terms of this Agreement in its proxy statements or other public securities
filings as required by law.

         10. ADDITIONAL ONGOING OBLIGATIONS. Executive hereby acknowledges and
agrees that all confidentiality, non-compete, return of documents and similar
post-employment obligations previously agreed to by the Parties during his
employment with the Company, if any, including but not limited to the terms of
Sections II, III, IV and V of his Change In Control Agreement attached as
Exhibit B, shall continue to remain in full force and effect. Executive further
agrees that in consideration of the severance pay and other benefits outlined
above, the definition of "Competitive Activity" contained in such agreement
shall also include: (a) acquiring, offering to acquire, or agreeing to acquire,
directly or indirectly and/or in concert with others, by purchase or otherwise,
more than one percent of the outstanding voting securities of the Company or
direct or indirect rights to acquire more than one percent of the outstanding
voting securities of the Company, or any assets of the Company; or (b) directly
or indirectly and/or in concert with others making any public announcement with
respect to, submitting a proposal for, or offering of (with or without
conditions) any extraordinary transaction involving the Company or any of its
securities or assets.

         Executive acknowledges and agrees that any breach by him of his
post-employment obligations, including but not limited to the terms of Sections
II, III, IV and V of his Change In Control Agreement, shall be deemed to be a
breach by Executive of this Agreement. Executive further agrees that the
restrictions placed upon him by this provision 10, including but not limited to
the ongoing confidential information and covenant not to compete obligations
contained in Sections II, III, IV and V of the Change in Control Agreement, are
reasonable given the nature of his current and past positions with the Company,
the area in which the Company markets its products and services, and the
consideration provided by the Company to Executive pursuant his prior
agreements, his employment with the Company and this Agreement. Specifically,
Executive acknowledges and agrees that the length of the covenant not to compete
and other restricted activities set forth in his non-compete agreement are
reasonable and that the defined scope of competitive activity, restricted
territory, Company customers and confidential information contained in the
Change in Control Agreement and his other, ongoing his post-employment
obligations are reasonable.

         Accordingly, Executive agrees not to contest or otherwise challenge the
validity or enforceability of provision 10 of this Agreement or the
confidentiality, non-compete, return of records, and other requirements
referenced in it in a court or other judicial/administrative body, and agrees
that if any court or arbitration panel should hold any provision of those
sections to be unenforceable, the remaining provisions will nonetheless be
enforceable according to their terms. Further, if any provision or subsection of
such requirements is held to be overbroad as written, Executive agrees that a
court should view such provisions and subsections as separable and uphold those
separable provisions and subsections deemed to be reasonable.

         The Parties agree that the restrictions and obligations in provision 10
of this Agreement and the confidentiality, covenant not to compete and other
obligations referenced herein shall survive Executive's last day of employment
with the Company and shall be in addition to any restrictions imposed upon
Executive by statute or at common law. The Parties further

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acknowledge and agree that the restrictions and obligations in provision 10 of
this Agreement shall continue to be enforceable regardless of whether there is a
subsequent dispute between the Parties concerning any alleged breach of this
Agreement.

         11. RETURN OF DOCUMENTS/DATA. Executive acknowledges and agrees that
(1) all Company materials, documents and data used, prepared or collected by
Executive as part of his employment with the Company, in whatever form, and (2)
all confidential Company information and records containing any confidential
information that came into his possession while an employee of the Company,
whether prepared by Executive or others, are and will remain the property of the
Company. Except as otherwise noted in provision 6.c. above, upon his final
separation from employment with the Company, Executive agrees that he will
return any and all Company property, documents, records and information in his
possession or control as well as any business items purchased for use in his
employment with the Company and reimbursed or paid for by the Company. This
includes, but is not limited to, any Company printer, pager, keys, I.D. badge,
or other equipment assigned to or used by Executive, and any documents, files,
patient records, written material, information, products, devices, and other
property, records and information provided to Executive by the Company or
collected or obtained by Executive in accordance with the performance of his
duties with the Company. This also includes all electronic data and records, as
well as all documents and other materials of any kind that constitute or contain
any confidential Company information, regardless of how stored or maintained,
including all originals, copies, and compilations and all information stored or
maintained on computer, tapes, discs, or any other form of technology. Items
covered by this provision 11 that have not yet been returned to the Company are
to be delivered to the Vice President, Human Resources for the Company on or
before March 31, 2003 or earlier as requested by management.

         12. COOPERATION. Executive agrees to cooperate with and provide
assistance to the Company and its legal counsel in connection with any
litigation (including arbitration or administrative hearings) or investigation
affecting the Company in which, in the reasonable judgment of the Company's
counsel, Executive's assistance or cooperation is needed. Executive shall, when
requested by the Company, provide testimony or other assistance and shall travel
at the Company's request in order to fulfill this obligation. Provided, however,
that, in connection with such litigation or investigation, the Company shall
attempt to accommodate Executive's schedule, shall provide him with reasonable
notice in advance of the times in which his cooperation or assistance is needed,
and shall reimburse Executive for any reasonable expenses incurred in connection
with such matters.

         1. Executive further agrees that following his signing of this
Agreement, he shall not make or cause others to make, whether in writing or
orally, disparaging statements or comments with respect to the Company or the
Company's officer, directors and employees (including but not limited to any
statements or comments regarding Executive's prior employment relationship with
the Company or Executive's separation from employment), and that he will
maintain a publicly cordial relationship with the Company and the Company's
officers, directors and employees in his conversations with such individuals,
the telecommunications industry, and other third party individuals.

         13. BREACH. Executive agrees to submit to the jurisdiction of the
courts of North Carolina and agrees that, in the event of any breach or
threatened breach of provisions 8-12 of this Agreement by Executive, the Company
shall be entitled to an injunction, without bond, restraining such breach. In
addition, Executive and the Company agree that the prevailing party in any legal
action to enforce the terms of this Agreement, including but not limited to
provisions

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8-12 above, shall be entitled to costs and attorneys' fees relating to any such
proceeding, but nothing herein shall be construed as prohibiting the Parties
from pursuing other remedies available to them for any breach or threatened
breach.

         Moreover, Executive also agrees that if Executive breaches any of
provisions 8-12 above, Executive shall be required to refund to the Company, and
the Company shall be entitled to recover of Executive, 75% of the amount of
severance pay already paid to or on behalf of Executive by the Company under
this Agreement at the time of the breach, and Executive shall forfeit at the
time of the breach the right to any additional severance pay under the
Agreement. In such case, the Parties agree that the release contained in
provision 8 and the separation from employment of Executive shall remain valid
and enforceable based upon the consideration actually paid. Moreover, Executive
agrees that in the event of any such breach, the Company shall be entitled to
costs and reasonable attorneys' fees relating to any proceeding to enforce or
collect a refund of the amounts set forth in this provision.

         14. RESPONSIBILITY FOR TAXES. Executive understands and agrees that he
is responsible for any federal or state tax liability, penalties, interest, tax
payments or tax judgments against him that could arise as a result of this
Agreement. In addition, Executive agrees that he has had the opportunity to
consult with his own, independent accountant and/or counsel regarding any and
all tax issues related to this Agreement. Executive also agrees that the
Company, the Releasees, and their respective officers, employees, accountants,
attorneys and agents are in no way indemnifying or making any representation,
statement or guarantee to Executive as to his past, current or future tax
liability or the ultimate position that the IRS or any applicable state tax
agency may take with respect to the tax treatment of such prior or future wages,
payments, compensation and benefits, including those payments and benefits set
forth in provision 6 of this Agreement.

         15. ACKNOWLEDGMENT BY EXECUTIVE. The Company specifically advises
Executive to consult a lawyer before signing this Agreement concerning the terms
of this Agreement and his rights under the Age Discrimination in Employment Act,
29 U.S.C. ss. 621 et seq. Executive acknowledges that he has carefully read this
Agreement, that he knows and understands the contents of this Agreement, that he
has had ample opportunity to review the terms of this Agreement, that he is
under no pressure to execute this Agreement, that he has had the opportunity to
consult with a lawyer regarding this Agreement, and that he executes this
Agreement of his own free will. Executive further acknowledges that the Company
has no prior legal obligation to make the consideration payments and benefits
that it has provided in exchange for the agreements, releases and covenants of
Executive under this Agreement.

         16. WAITING PERIOD. Executive hereby acknowledges and understands that
after receiving this Agreement from the Company, he shall have at least
twenty-one (21) days to consider signing this Agreement, and is further aware of
his right to consult with an attorney prior to signing this Agreement. If
Executive elects not to take twenty-one (21) days to sign this Agreement,
Executive acknowledges that the period of time used by him prior to signing this
Agreement was ample time to consider and review this Agreement, it being
expressly understood that the Company is imposing no requirement or duress on
Executive to take less than twenty-one (21) days to consider signing this
Agreement. If Executive does not sign this Agreement within twenty-one (21) days
of presentation by the Company, he further acknowledges that the Company has the
option to withdraw its offer set forth in this Agreement.

         17. REVOCATION RIGHTS. Executive acknowledges and understands that he
shall have seven (7) days from the date this Agreement is signed by him to
revoke this Agreement, if he so

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chooses, by advising the Company in writing of the revocation. Any such
revocation of this Agreement must be in writing, signed by Executive, and
delivered to Mr. Richard Garner, Jr., CT Communications, Inc., Post Office Box
227, Concord, NC 28026. However, Executive acknowledges that the severance pay
and other consideration outlined in provision 6 above will not become payable or
otherwise available until: (a) the Company receives a signed copy of this
Agreement from Executive; and (b) the seven-day revocation period has passed
without Executive's revocation. Otherwise, if this Agreement is not revoked
within seven (7) days from the signing of this Agreement by Executive, it shall
become effective and enforceable as to all Parties on the eighth day following
the signing of this Agreement by all Parties (the "Effective Date"). In
addition, if Executive revokes or elects not to sign this Agreement, such
revocation or election shall in no way alter or affect Executive's last day of
employment with the Company, which shall be March 31, 2003.

         18. SUCCESSORS AND ASSIGNS. This Agreement shall be binding upon and
inure to the benefit of Executive, the Company, and their respective successors,
assigns, heirs and personal representatives; provided, that Executive may not
assign any of his rights, title or interest in this Agreement. The Parties,
however, agree that nothing shall preclude: (a) Executive from designating a
beneficiary to receive any benefit payable upon Executive's death, or (b) the
executors, administrators or other legal representatives of Executive or
Executive's estate from assigning any rights hereunder to the person or persons
entitled thereunto. Executive further acknowledges and agrees that in the event
of the transfer and/or assignment of this Agreement to a successor or assignee
of the Company, this Agreement shall remain valid and be fully enforceable by
such entity. In addition, in the event that the Company consolidates or merges
into or with, or transfers all or substantially all of its assets to, another
entity, and such other entity assumes this Agreement, the term "Company" as used
herein shall mean such other entity, and the Parties agree that this Agreement
shall continue in full force and effect without any further action on the part
of either the Company, its successor or assign, or Executive.

         19. NO ADMISSIONS. This Agreement does not constitute any admission by
the Company or the Releasees of any violation by them of any contract,
agreement, plan, statute, ordinance, constitutional provision or other law, and
this Agreement shall in no manner be deemed an admission, finding, or indication
for any purpose whatsoever that the Company or the Releasees have at any time,
including the present, committed any unlawful acts against Executive or treated
him unfairly or improperly in any way. Executive further understands and
acknowledges that the Company enters into this Agreement solely to resolve all
matters between the Parties in an amicable fashion.

         20. ATTORNEYS' FEES/COSTS. Except as otherwise set forth in this
Agreement, the Parties agree to bear their own attorneys' fees, costs and
expenses arising from the actions of their respective counsel, tax advisors,
financial planners, accountants and other professionals and agents in connection
with the preparation and execution of this Agreement, the documents referred to
in it, and Executive's separation from employment with the Company. The Parties
further agree that except as otherwise set forth in this Agreement or prohibited
by applicable law, the prevailing party in any legal action to enforce the terms
of this Agreement shall be entitled to recover its/his reasonable costs and
attorneys' fees incurred in that effort.

         21. GOVERNING LAW. The Parties agree that this Agreement shall be
deemed to be a contract made under, and for all purposes shall be governed by
and construed in accordance with, the internal laws and judicial decisions of
the State of North Carolina, except as superseded by federal law.

<PAGE>

         22. WAIVER OF BREACH. No waiver of any breach of this Agreement shall
operate or be construed as a waiver of any subsequent breach by any party. No
waiver shall be valid unless in writing and signed by the party waiving any
particular provision.

         23. COUNTERPARTS. This Agreement may be executed in duplicate
counterparts, each of which shall be deemed an original and all of which shall
constitute but one and the same instrument.

         24. ENTIRE AGREEMENT. This Agreement constitutes the entire agreement
among the Parties pertaining to the subject matter contained in it and
supersedes any and all prior and contemporaneous agreements, representations and
understandings of the Parties related to the subject matters hereof. Moreover,
this Agreement shall not be modified or amended unless executed in writing by
each of the Parties to this Agreement. Notwithstanding the foregoing, nothing
contained in this Agreement shall prevent or restrain in any manner the Company
from instituting an action or claim in court, or such other forum as may be
appropriate, to enforce the terms of the confidentiality, non-compete, return of
documents and other post-employment obligations of Executive set forth in the
Change In Control Agreement or any similar agreement or policy relating to the
Company's confidential or proprietary business information or trade secrets, to
protect the Company's proprietary or confidential business information or trade
secrets, to enforce or protect the Company's patent, copyright, trademark or
trade name rights, to redress claims of product disparagement or trade libel, or
to protect the Company's reasonable business relations.

         IN WITNESS WHEREOF, the undersigned hereto set their hands and seals as
of the dates set forth below.

         Executed and presented for consideration to Executive by the Company,
this the 24th day of March, 2003.

                                      CT COMMUNICATIONS, INC.

                                      By: /s/ Richard L. Garner           (SEAL)
                                          --------------------------------

                                      Title:  VP

   Accepted and signed by Executive, this the 24 day of March, 2003.

                                      EXECUTIVE

                                      /s/ Barry R. Rubens
                                      ------------------------------------
                                      Barry R. Rubens

Sworn to and subscribed before
me this the _____ day of
______________, 2003.

------------------------
Notary Public

My Commission Expires:<PAGE>
                                                                   EXHIBIT 10.63

     THIS WARRANT AND ANY SECURITIES ACQUIRED UPON THE EXERCISE OF THIS WARRANT
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
"SECURITIES ACT"), OR THE SECURITIES LAWS OF ANY STATE. NEITHER THIS WARRANT,
SUCH SECURITIES NOR ANY INTEREST THEREIN MAY BE TRANSFERRED EXCEPT PURSUANT TO
AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH SECURITIES ACT AND APPLICABLE
STATE SECURITIES LAWS OR PURSUANT TO AN APPLICABLE EXEMPTION FROM THE
REGISTRATION REQUIREMENTS OF SUCH SECURITIES ACT AND SUCH LAWS.

                                                                          , 2002
                             ---------------------

                           DALEEN TECHNOLOGIES, INC.
                         COMMON STOCK PURCHASE WARRANT
                             ---------------------

     THIS COMMON STOCK PURCHASE WARRANT (this "Warrant") certifies that, for
good and valuable consideration, DALEEN TECHNOLOGIES, INC., a Delaware
corporation (the "Company"), grants to           (the "Warrantholder"), the
right to subscribe for and purchase from the Company, during the Exercise Period
(as hereinafter defined),           (          ) duly authorized, validly
issued, fully paid and nonassessable shares (the "Warrant Shares"), par value
$.01 per share, of Common Stock of the Company (the "Common Stock"), at the
exercise price per share of $0.906 (subject to adjustment as set forth below,
the "Exercise Price"), all subject to the terms, conditions and adjustments
herein set forth. Capitalized terms used herein shall have the meanings ascribed
to such terms in Paragraph 11 below.

     1.  Warrant.  This Warrant is issued pursuant to, and in accordance with,
the [Asset Purchase Agreement/Investment Agreement] by and among the Company,
          , dated as of October 7, 2002, and is subject to the terms thereof.

     2.  Exercise of Warrant; Payment of Taxes.

          2.1  Exercise of Warrant.  Subject to the terms and conditions set
     forth herein, this Warrant may be exercised at any time, in whole or in
     part, by the Warrantholder or any assignee or transferee of this Warrant
     pursuant to, and in compliance with Paragraph 3 herein, during the Exercise
     Period by:

             (a) the surrender of this Warrant to the Company, with a duly
        executed Exercise Form; and

             (b) the delivery of payment to the Company, for the account of the
        Company, by cash, wire transfer of immediately available funds,
        certified or official bank check or any other means approved by the
        Company, of the aggregate Exercise Price in lawful money of the United
        States of America. The Company agrees that the Warrant Shares shall be
        deemed to be issued to the Warrantholder as the record holder of such
        Warrant Shares as of the close of business on the date on which this
        Warrant shall have been surrendered and payment made for the Warrant
        Shares as aforesaid (the "Exercise Date").

          2.2  Conversion Option.

             (a) In lieu of the payment of the aggregate Exercise Price, the
        Warrantholder, at its sole discretion, may have the Company convert this
        Warrant, in whole or in part, into shares of Common Stock (the
        "Conversion Option") as provided for in this Paragraph 2.2. Upon
        exercise of the Conversion Option, the Company shall deliver to the
        Warrantholder (without payment by

                                       1
<PAGE>

        the Warrantholder of any of the Exercise Price in accordance with
        Paragraph 2.1(b)) that number of Warrant Shares computed using the
        following formula:

<Table>
            <S>  <C>  <C>
             X   =   Y(A-B)
                     ------
                       A

                      Where:

              X   =   the number of Warrant Shares to be issued to the
                      Warrantholder;
              Y   =   the number of Warrant Shares purchasable under this Warrant
                      or, if only a portion of the Warrant is being converted, the
                      portion of the Warrant being converted;
              A   =   the current Market Price per share of the Common Stock (at
                      the date of such conversion); and
              B   =   the Exercise Price (as adjusted to the date of such
                      calculation).
</Table>

             For the purpose of this Paragraph 2.2(a), the market price per
        share of Common Stock on any date (the "Market Price") shall be deemed
        to be the closing price of the Common Stock on the principal national
        securities exchange on which the Common Stock is then listed or admitted
        to trading or The Nasdaq Stock Market (including The Nasdaq National
        Market and The Nasdaq SmallCap Market, as the case may be), if the
        Common Stock is then listed or admitted to trading on any national
        securities exchange or in such market system. The closing price shall be
        the last reported sale price, or, in case no such sale takes place on
        such day, the average of the closing bid and asked price, as reported by
        said exchange or market system. If the Common Stock is not then so
        listed on a national securities exchange or in such market system, the
        Market Price shall be deemed to be the mean between the representative
        closing bid and asked prices of the Common Stock in the over-the-counter
        market as reported by the OTC Bulletin Board or, if the Common Stock is
        not then quoted by the OTC Bulletin Board, the Market Price shall be
        determined in good faith by the "independent directors" of the Board of
        Directors of the Corporation, as defined by The Nasdaq Stock Market.

             (b) The Conversion Option may be exercised by the Warrantholder at
        its sole discretion on any Business Day prior to the end of the Exercise
        Period by surrender of this Warrant to the Company, with a duly executed
        Exercise Form with the conversion section completed, exercising the
        Conversion Option and specifying the total number of shares of Common
        Stock that the Warrantholder will be issued pursuant to such conversion.

          2.3  Warrant Shares Certificate.  A stock certificate or certificates
     for the Warrant Shares specified in the Exercise Form shall be delivered to
     the Warrantholder within five (5) Business Days after receipt of the
     Exercise Form by the Company and, unless the Conversion Option is
     exercised, the payment by the Warrantholder of the aggregate Exercise
     Price. If this Warrant is exercised only in part, the Company shall, at the
     time of delivery of the stock certificate or certificates, deliver to the
     Warrantholder a new Warrant evidencing the right to purchase the remaining
     Warrant Shares, which new Warrant shall in all other respects be identical
     to this Warrant.

          2.4  Payment of Taxes.  The Company will pay all documentary stamp or
     other issuance taxes, if any, attributable to the original issuance of
     Warrant Shares upon the exercise of this Warrant; except that the Company
     shall not be required to pay any tax or taxes which may be payable in
     respect of any transfer involved in the issue or delivery of any Warrants
     or Warrant certificates or Warrant Shares in a name other than that of the
     then existing Warrantholder as reflected upon the books of the Company.

     3.  Transfer of Warrants; Compliance with Securities Laws.

          (a) The Company shall maintain a register (the "Warrant Register")
     containing the names and addresses of the Warrantholder or Warrantholders.
     Any Warrantholder of this Warrant or any portion hereof may change its
     address as shown on the Warrant Register by written notice to the Company
     requesting such change. Any notice or written communication required or
     permitted to be given to the
                                       2
<PAGE>

     Warrantholder may be delivered or given by mail to such Warrantholder as
     shown on the Warrant Register and at the address shown on the Warrant
     Register. Until this Warrant is transferred on the Warrant Register, the
     Company may treat the Warrantholder as shown on the Warrant Register as the
     absolute owner of this Warrant for all purposes, notwithstanding any notice
     to the contrary.

          (b) This Warrant may not be transferred or assigned in whole or in
     part without compliance with all applicable federal and state securities
     laws by the transferor and the transferee (including the delivery of
     investment representation letters and legal opinions reasonably
     satisfactory to the Company, if such are requested by the Company). Subject
     to the provisions of this Warrant with respect to compliance with the
     Securities Act, title to this Warrant may be transferred by endorsement (by
     the Warrantholder executing the assignment form that will be provided by
     the Company upon request (the "Assignment Form")) and delivery in the same
     manner as a negotiable instrument transferable by endorsement and delivery.

          (c) On surrender of this Warrant for exchange, properly endorsed on
     the Assignment Form and subject to the provisions of this Warrant with
     respect to compliance with the Securities Act and with the limitations on
     assignments and transfers contained in this Paragraph 3, the Company shall
     issue to or on the order of the Warrantholder a new warrant or warrants
     with the same terms and conditions, dated as of the Closing Date (as
     defined in the Asset Purchase Agreement), in the name of the Warrantholder
     and/or as the Warrantholder (on payment by the Warrantholder of any
     applicable transfer and stamp taxes) may direct, for the aggregate number
     of Warrant Shares issuable upon exercise thereof.

     4.  Reservation and Registration of Shares.  The Company covenants and
agrees as follows:

          (a) All Warrant Shares that are issued upon the exercise of this
     Warrant shall, upon issuance, be duly authorized, validly issued, fully
     paid and non-assessable, not subject to any preemptive rights, and be free
     from all taxes, liens, security interests, charges, and other encumbrances
     with respect to the issuance thereof, other than taxes in respect of any
     transfer occurring contemporaneously with such issue and other than any
     liens, security interests, and other encumbrances not created by the
     Company or its subsidiaries.

          (b) The Company shall at all times have authorized and reserved, and
     shall keep available and free from preemptive rights, a sufficient number
     of shares of Common Stock to provide for the exercise of the rights
     represented by this Warrant and the Warrant Shares.

     5.  Adjustment to Exercise Price and Warrant Share Number.  The Exercise
Price and the number of Warrant Shares to be received upon exercise of this
Warrant shall be subject to adjustment as follows:

          5.1  Dividend, Subdivision, Combination or Reclassification of Common
     Stock.  If the Company shall at any time or from time to time, after the
     issuance of this Warrant but prior to the exercise hereof, (a) make a
     dividend or distribution on the outstanding shares of Common Stock payable
     in Capital Stock, (b) subdivide the outstanding shares of Common Stock into
     a larger number of shares, (c) combine the outstanding shares of Common
     Stock into a smaller number of shares or (d) issue any shares of its
     Capital Stock in a reclassification of the Common Stock (other than any
     such event for which an adjustment is made pursuant to another clause of
     this Paragraph 5), then, and in each such case, (i) the aggregate number of
     Warrant Shares for which this Warrant is exercisable (the "Warrant Share
     Number") immediately prior to such event shall be adjusted so that the
     Warrantholder shall be entitled to receive upon exercise of this Warrant
     the number of shares of Common Stock or other securities of the Company
     that it would have owned or would have been entitled to receive upon or by
     reason of any of the events described above, had this Warrant been
     exercised immediately prior to the occurrence of such event and (ii) the
     Exercise Price payable upon the exercise of this Warrant shall be adjusted
     by multiplying such Exercise Price immediately prior to such adjustment by
     a fraction, the numerator of which shall be the Warrant Share Number
     immediately prior to such adjustment, and the denominator of which shall be
     the Warrant Share Number immediately thereafter. An adjustment made
     pursuant to this Paragraph 5.1 shall become

                                       3
<PAGE>

     effective retroactively (x) in the case of any such dividend or
     distribution, to a date immediately following the close of business on the
     record date for the determination of holders of shares of Common Stock
     entitled to receive such dividend or distribution, or (y) in the case of
     any such subdivision, combination or reclassification, to the close of
     business on the day upon which such corporate action becomes effective.

          5.2  Adjustment of Exercise Price and Warrant Shares.  In the event of
     any adjustment (the "Series F Adjustment") of the Conversion Price of the
     Series F Preferred Stock (as such terms are defined in the Certificate of
     Incorporation of the Company, as amended), (a) the Warrant Share Number
     shall be adjusted to equal the number obtained by multiplying the Warrant
     Share Number, as in effect immediately prior to such Series F Adjustment,
     by a fraction, the numerator of which shall be the Conversion Price as in
     effect immediately prior to such Series F Adjustment and the denominator of
     which is the Conversion Price after giving effect to such Series F
     Adjustment; and (b) the Exercise Price shall be adjusted to equal the
     Conversion Price as in effect immediately after such Series F Adjustment.

          5.3  Other Changes.  If the Company at any time or from time to time,
     after the issuance of this Warrant but prior to the exercise hereof, shall
     take any action affecting its Common Stock similar to or having an effect
     similar to any of the actions described in any of Paragraphs 5.1, 5.2 or
     5.7 herein (but not including any action described in any such Paragraph)
     then, and in each such case, the Exercise Price and Warrant Share Number
     shall be adjusted in such manner and at such time as the Board of Directors
     in good faith determines would be equitable in the circumstances (such
     determination to be evidenced in a resolution, a certified copy of which
     shall be mailed to the Warrantholder).

          5.4  No Adjustment; Par Value Minimum.  Notwithstanding anything
     herein to the contrary, no adjustment under this Paragraph 5 need be made
     to the Exercise Price or Warrant Share Number if the Company receives
     written notice from the Warrantholder that no such adjustment is required.
     Notwithstanding any other provision of this Warrant, the Exercise Price
     shall not be adjusted below the par value of a share of Common Stock

          5.5  Abandonment.  If the Company shall take a record of the holders
     of shares of its Common Stock for the purpose of entitling them to receive
     a dividend or other distribution, and shall thereafter and before the
     distribution to stockholders thereof abandon its plan to pay or deliver
     such dividend or distribution, then no adjustment in the Exercise Price or
     Warrant Share Number shall be required by reason of the taking of such
     record.

          5.6  Certificate as to Adjustments.  Upon any adjustment in the
     Exercise Price or Warrant Share Number, the Company shall within a
     reasonable period (not to exceed ten days) following any of the foregoing
     transactions deliver to the Warrantholder a certificate, signed by (i) the
     Chief Executive Officer of the Company and (ii) the Chief Financial Officer
     of the Company, setting forth in reasonable detail the event requiring the
     adjustment and the method by which such adjustment was calculated and
     specifying the adjusted Exercise Price and Warrant Share Number then in
     effect following such adjustment.

          5.7  Reorganization, Reclassification, Merger or Sale Transaction.  In
     case of any capital reorganization, reclassification, Sale Transaction,
     mandatory share exchange (other than a Sale Transaction or a mandatory
     share exchange in which the Company is the surviving corporation and in
     which the Common Stock is not exchanged) of the Company (each, a
     "Transaction") at any time after the issuance of this Warrant but prior to
     the exercise hereof, the Company shall execute and deliver to the
     Warrantholder at least ten Business Days prior to effecting such
     Transaction a certificate and, if following a Transaction, the Warrant
     shall be exercisable for securities of any Person other than the Company,
     such Person shall, no later than simultaneously with the closing of the
     Transaction, issue a certificate, stating that the Warrantholder shall have
     the right thereafter to exercise this Warrant for the kind and amount of
     shares of stock or other securities, property or cash receivable upon such
     Transaction by a holder of the number of shares of Common Stock into which

                                       4
<PAGE>

     this Warrant could have been exercised immediately prior to such
     Transaction, and provision shall be made therefor in the agreement, if any,
     relating to such Transaction. Such certificates shall provide for
     adjustments which shall be as nearly equivalent as may be practicable to
     the adjustments provided for in this Paragraph 5. The provisions of this
     Paragraph 5.7 and any equivalent thereof in any such certificate similarly
     shall apply to successive transactions.

          5.8  Notices.  In case at any time or from time to time:

             (a) the Company shall pay a dividend (or other distribution) on its
        shares of Common Stock, or

             (b) the Company shall authorize the granting to the holders of
        shares of its Common Stock, rights or warrants to subscribe for or
        purchase any shares of Capital Stock or any other rights or warrants,
        then the Company shall mail to the Warrantholder, as promptly as
        possible but in any event at least ten Business Days prior to the
        applicable date hereinafter specified, a notice stating the date on
        which a record is to be taken for the purpose of such dividend,
        distribution or granting of rights or warrants or, if a record is not to
        be taken, the date as of which the holders of Common Stock of record to
        be entitled to such dividend, distribution or granting of rights or
        warrants are to be determined. Notwithstanding the foregoing, in the
        case of any event to which Paragraph 5.7 is applicable, the Company
        shall also deliver the certificate described in such Paragraph 5.7 to
        the Warrantholder at least ten (10) Business Days prior to effecting
        such reorganization or reclassification as aforesaid.

     6. No Dilution or Impairment.  The Company will not, by amendment of its
Certificate of Incorporation or through any reorganization, transfer of assets,
consolidation, merger, dissolution, issue or sale of securities or any other
action, avoid or seek to avoid the observance or performance of any of the terms
of this Warrant, but will at all times in good faith assist in the carrying out
of all such terms and in the taking of all such action as may be necessary or
appropriate in order to protect the rights of the Warrantholder under this
Warrant.

     7. Loss or Destruction of Warrant.  Subject to the terms and conditions
hereof, upon receipt by the Company of evidence reasonably satisfactory to it of
the loss, theft, destruction or mutilation of this Warrant and, in the case of
loss, theft or destruction, such bond or indemnification as the Company may
reasonably require, and, in the case of such mutilation, upon surrender and
cancellation of this Warrant, the Company will execute and deliver a new Warrant
of like tenor; provided, however, in the event of the loss, theft or destruction
of this Warrant, or the mutilation of this Warrant if the Warrantholder shall
not have delivered such mutilated Warrant to the Company, the Company may
require that the Warrantholder provide a bond or written indemnification in
favor of the Company with respect to any claims, expenses or losses the Company
may incur in connection with such lost, stolen, destroyed or mutilated Warrant.

     8. Ownership of Warrant.  The Company may deem and treat the Person in
whose name this Warrant is registered as the holder and owner hereof
(notwithstanding any notations of ownership or writing hereon made by anyone
other than the Company) for all purposes and shall not be affected by any notice
to the contrary, until presentation of this Warrant, together with proper
written notice, for transfer.

     9.  Amendments.  Any provision of this Warrant may be amended and the
observance thereof waived with the written consent of the Company and the
Warrantholder or by the written consent of the Company and the Majority
Warrantholders.

     10.  Representations and Warranties by the Warrantholder.  By accepting
this Warrant, the Warrantholder represents and warrants to the Company as
follows:

          (a) This Warrant and the Warrant Shares issuable upon exercise of the
     Warrantholder's rights contained herein will be acquired for investment for
     the Warrantholder's own account and not with a view to the sale or
     distribution of any part thereof, and the Warrantholder has no present
     intention of

                                       5
<PAGE>

     selling or engaging in any public distribution of the same except pursuant
     to a registration or exemption from the Securities Act.

          (b) The Warrantholder understands and acknowledges that (i) the
     Warrant Shares issuable upon exercise of the Warrantholder's rights
     contained herein are not registered under the Securities Act or qualified
     under applicable state securities laws because the issuance contemplated by
     this Warrant will be exempt from the registration and qualification
     requirements thereof, and (ii) the Company's reliance on such exemptions is
     predicated on the accuracy of the representations set forth in this
     Paragraph 10.

          (c) The Warrantholder has such knowledge and experience in financial
     and business matters as to be capable of evaluating the merits and risks of
     its investment and has the ability to bear the economic risks of its
     investment.

          (d) The Warrantholder understands that if the Company's Common Stock
     ceases to be registered with the Securities and Exchange Commission
     pursuant to Paragraph 12 of the Securities Exchange Act of 1934, and the
     rules and regulations promulgated thereunder (the "Exchange Act"), or if
     the Company ceases to file the reports required under the Exchange Act, or
     if a registration statement covering the securities under the Securities
     Act is not in effect when it desires to resell (i) this Warrant or (ii) the
     Warrant Shares issuable upon exercise of this Warrant, it may be required
     to hold such securities for an indefinite period. The Warrantholder is
     aware of the provisions of Rule 144 promulgated under the Securities Act.

          (e) The Warrantholder will not offer, sell or otherwise dispose of
     this Warrant or any Warrant Shares to be issued upon exercise hereof except
     under circumstances that will not result in a violation of the Securities
     Act or any state securities laws.

          (f) Upon exercise of this Warrant, the Warrantholder shall, if
     requested by the Company, confirm in writing, in a form satisfactory to the
     Company, that the Warrant Shares so purchased are being acquired solely for
     the Warrantholder's own account and not as a nominee for any other party,
     for investment, and not with a view toward distribution or resale.

          (g) The Warrantholder understands that this Warrant and all Warrant
     Shares issued upon exercise hereof shall be stamped or imprinted with a
     legend in substantially the form set forth on the first page hereof.

     11.  Definitions.  As used herein, unless the context otherwise requires,
the following terms have the following respective meanings:

          "Asset Purchase Agreement" has the meaning set forth in Paragraph 1 of
     this Warrant.

          "Board of Directors" means the Board of Directors of the Company.

          "Business Day" means any day other than a Saturday, Sunday or other
     day on which commercial banks in the State of New York are authorized or
     required by law or executive order to close.

          "Capital Stock" means, with respect to any Person, any and all shares,
     interests, participations, rights in, or other equivalents (however
     designated and whether voting or non-voting) of such Person's capital stock
     and any and all rights, warrants or options exchangeable for or convertible
     into such capital stock (but excluding any debt security whether or not it
     is exchangeable for or convertible into such capital stock).

          "Change of Control Event" means the Company's dissolution or
     liquidation, the consummation of the Company's sale of all or substantially
     all of its assets, or the acquisition of a majority of the voting
     securities of the Company by another person or entity by means of a stock
     sale, stock exchange or a merger (other than a merger which solely effects
     a change of domicile) or consolidation or other transaction (other than
     pursuant to a resale of securities either under Rule 144 promulgated under
     the Securities Act or a registered offering), unless, after such stock
     sale, stock exchange, merger, consolidation or other transaction, the
     persons and entities who were shareholders of the Company

                                       6
<PAGE>

     immediately before the stock sale, stock exchange, merger, consolidation or
     other transaction continue to hold at least fifty percent (50%) of the
     economic and voting power of the surviving entity. The Company shall
     provide 10 days' written notice to the Warrantholder prior to the
     consummation of such event (the "Change of Control Notice").

          "Common Stock" means the Common Stock, par value $.01 per share, of
     the Company.

          "Company" has the meaning set forth in the first paragraph of this
     Warrant.

          "Exchange Act" has the meaning set forth in Paragraph 10(d).

          "Exercise Date" has the meaning set forth in Paragraph 2.1(b) of this
     Warrant.

          "Exercise Form" means an Exercise Form in the form annexed hereto as
     Exhibit A.

          "Exercise Period" means the period beginning on the date six-months
     after the Closing Date (as defined in the Asset Purchase Agreement) to 5:00
     p.m., Eastern time, on June 7, 2006; provided, however, the Exercise Period
     shall begin immediately prior to a Change of Control Event. In the event of
     a Change of Control Event resulting in an acceleration of the Exercise
     Period, deliverables required pursuant to Section 2.1 may be made by the
     Warrantholder prior to the beginning of the Exercise Period; provided,
     however, that no exercise shall occur until the beginning of the Exercise
     Period.

          "Exercise Price" has the meaning set forth in the first paragraph of
     this Warrant.

          "Majority Warrantholders" means the holders of a majority of Warrant
     Shares issuable upon exercise of all of the warrants issued pursuant to the
     Asset Purchase Agreement, assuming the exercise of all such warrants.

          "Market Price" has the meaning set forth in Paragraph 2.2(a) of this
     Warrant.

          "Person" means an individual, firm, corporation, partnership, limited
     liability company, trust, incorporated or unincorporated association, joint
     venture, joint stock company, governmental body or other entity of any
     kind.

          "Sale Transaction" shall mean (a) (i) the merger or consolidation of
     the Company into or with one or more Persons, (ii) the merger or
     consolidation of one or more Persons into or with the Company or (iii) a
     tender offer or other business combination if, in the case of (i), (ii) or
     (iii), the stockholders of the Company prior to such merger, consolidation,
     tender offer or other business combination do not retain at least 50% of
     the voting power of the surviving Person, or (b) the voluntary sale,
     conveyance, exchange or transfer to another Person of (i) the voting
     Capital Stock of the Company if, after such sale, conveyance, exchange or
     transfer, the stockholders of the Company prior to such sale, conveyance,
     exchange or transfer do not retain at least 50% of the voting power of the
     Company or (ii) all or substantially all of the assets of the Company.

          "Securities Act" means the Securities Act of 1933, as amended, and the
     rules and regulations of the Securities and Exchange Commission thereunder.

          "Transaction" has the meaning set forth in Paragraph 5.6 of this
     Warrant.

          "Warrant Share Number" has the meaning set forth in Paragraph 5.1 of
     this Warrant.

          "Warrant Shares" has the meaning set forth in the first paragraph of
     this Warrant.

          "Warrantholder" has the meaning set forth in the first paragraph of
     this Warrant.

     12.  Miscellaneous

          12.1  Entire Agreement.  This Warrant, [Asset Purchase
     Agreement/Investment Agreement] and the                , among the Company,
     the Warrantholder and                , constitute the entire agreement
     between the Company, the Warrantholder and                with respect to
     the

                                       7
<PAGE>

     Warrant and supersedes all prior agreements and understanding with respects
     to the subject matter of this Warrant.

          12.2  Binding Effect; Benefits.  This Warrant shall inure to the
     benefit of and shall be binding upon the Company and the Warrantholder and
     their respective permitted successors and assigns. Nothing in this Warrant,
     expressed or implied, is intended to or shall confer on any person other
     than the Company and the Warrantholder, or their respective permitted
     successors or assigns, any rights, remedies, obligations or liabilities
     under or by reason of this Warrant.

          12.3  Headings.  The headings in this Warrant are for convenience of
     reference only and shall not limit or otherwise affect the meaning of this
     Warrant.

          12.4  Notices.  All notices, consents, waivers or other communications
     under this Agreement must be in writing and will be deemed to have been
     duly given when: (a) delivered by hand (with written confirmation of
     receipt); (b) sent by telecopier (with written confirmation of receipt);
     provided that a copy is mailed by registered mail, return receipt requested
     or nationally recognized overnight delivery service; or (c) when received
     by the addressee, if sent by a nationally recognized overnight delivery
     service (receipt requested), in each case to the appropriate addresses and
     telecopier numbers set forth below (or to such other addresses and
     telecopier numbers as a party may designate by notice to the other
     parties):

           (i) if to the Company:

              Daleen Technologies, Inc.
              902 Clint Moore Road
              Boca Raton, Florida 33487
              Attention: James Daleen, President and CEO
              Telephone No.: (561) 981-2202
              Facsimile No.: (561) 999-8080

           With a copy to:

              Morris, Manning & Martin, LLP
              1600 Atlanta Financial Center
              3343 Peachtree Road N.E.
              Atlanta, Georgia 30326
              Attention: David M. Calhoun
              Telephone No.: (404) 233-7000
              Facsimile No.: (404) 365-9532; and

             (ii) if to the Warrantholder to the name and address set forth in
        the Warrant Register.

     Any notice required or permitted hereunder shall be given in writing and
shall be deemed effectively given upon personal delivery or upon deposit in the
United States mail, by registered or certified mail, addressed (x) to the
Warrantholder at the address set forth above, and (y) to the Company at the
address set forth above, or, if sent by facsimile to the numbers set forth
above, when receipt of such facsimile is verbally (but not mechanically)
acknowledged by the recipient thereof. Any party may by notice given in
accordance with this Paragraph 12.4 designate another address or Person for
receipt of notices hereunder.

          12.5  Severability.  Any term or provision of this Warrant which is
     invalid or unenforceable in any jurisdiction shall, as to such
     jurisdiction, be ineffective only to the extent of such invalidity or
     unenforceability without rendering invalid or unenforceable the remainder
     of the terms and provisions of this Warrant or affecting the validity or
     enforceability of any of the terms or provisions of this Warrant in any
     other jurisdiction.

          12.6  GOVERNING LAW.  THIS WARRANT SHALL BE GOVERNED BY AND CONSTRUED
     IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE WITHOUT REGARD TO THE
     CONFLICTS OF LAW PRINCIPLES THEREOF.

                                       8
<PAGE>

          12.7  No Rights or Liabilities as Stockholder.  Nothing contained in
     this Warrant shall be determined as conferring upon the Warrantholder any
     rights as a stockholder of the Company or as imposing any liabilities on
     the Warrantholder to purchase any securities whether such liabilities are
     asserted by the Company or by creditors or stockholders of the Company or
     otherwise.

               [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

                                       9
<PAGE>

     IN WITNESS WHEREOF, the Company and the Warrantholder have caused this
Warrant to be executed this                day of           , 2002.

                                          DALEEN TECHNOLOGIES, INC.

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

                                          WARRANTHOLDER:

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

                                       10
<PAGE>

                                                                       EXHIBIT A

                                 EXERCISE FORM
                 (TO BE EXECUTED UPON EXERCISE OF THIS WARRANT)

     The undersigned hereby irrevocably elects to exercise the right,
represented by this Warrant, to purchase                shares of Common Stock
and herewith tenders payment for such shares to the order of the Company in the
amount of $          ] or hereby exercises its Conversion Option in accordance
with the terms of this Warrant. The undersigned requests that a certificate for
such Warrant Shares or number of Warrant Shares to which the undersigned is
entitled calculated pursuant to Paragraph 2.2 be registered in the name of the
undersigned and that such certificates be delivered to the undersigned's address
below.

     The undersigned acknowledges and agrees that the representations and
warranties set forth in Paragraph 10 of the Warrant are true and correct as to
the Warrantholders as of the date hereof.

Dated:

                                 Name:
                                         --------------------------------------
                                               (Print)

                                 Signature:
                                         --------------------------------------

                                 Title:
                                         --------------------------------------

                                         --------------------------------------
                                                   (Street Address)

                                         --------------------------------------
                                         (City)        (State)        (Zip Code)

                                       11

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