Document:

ICOA, Inc.
                            2005 STOCK INCENTIVE PLAN

SECTION 1.        PURPOSE.

     The Plan is intended as an incentive to improve the performance,  encourage
the  continued  employment  and  increase  the  proprietary  interest of certain
directors,  officers,  advisors,  employees and  independent  consultants of the
Company,  participating  in the  Plan.  The  Plan  is  designed  to  grant  such
directors,   officers,  advisors,  employees  and  independent  consultants  the
opportunity to share in the Company's  long-term success through stock ownership
and to afford them the  opportunity for additional  compensation  related to the
value of Stock of the Company. It is intended that certain options granted under
this Plan may qualify as  "incentive  stock  options"  under  Section 422 of the
Code.

SECTION 2.        DEFINITIONS.

     (a) "Affiliate" means any parent  corporation or subsidiary  corporation of
the Company,  whether now or hereafter  existing,  as those terms are defined in
Sections 424(e) and (f), respectively, of the Code.

     (b) "Award" means any right granted under the Plan, including any Incentive
Stock Option,  Nonqualified Stock Option, Restricted Stock, or other Stock-based
award.

     (c) "Board" means the Board of Directors of the Company.

     (d) "California-Based Awards" means Awards that would be subject to Section
25110  of the  California  Corporations  Code or any  successor  law but for the
exemption contained in Section 25102(o) of the California  Corporations Code (or
any  successor  law).  For  purposes of  determining  the  applicability  of the
California  securities law requirements,  all Options shall be deemed granted in
the state in which the Participant is principally employed by the Company or any
Affiliate (as determined by the employer's records) on the date of grant.

     (e) "Cause" means, in the absence of any such an employment,  consulting or
other agreement  otherwise  defining Cause, (i)  incompetence,  fraud,  personal
dishonesty,  embezzlement or acts of gross negligence or gross misconduct on the
part of Participant  in the course of his or her employment or services,  (ii) a
Participant's  engagement in conduct that is materially injurious to the Company
or an  Affiliate,  (iii) a  Participant's  conviction  by a court  of  competent
jurisdiction of, or pleading  "guilty" or "no contest" to, (x) a felony,  or (y)
any other  criminal  charge  (other than minor traffic  violations)  which could
reasonably be expected to have a material  adverse impact on the Company's or an
Affiliate's  reputation or business;  (iv) public or consistent drunkenness by a
Participant  or his illegal use of narcotics  which is, or could  reasonably  be
expected to become,  materially  injurious to the  reputation or business of the
Company or an Affiliate or which  impairs,  or could  reasonably  be expected to
impair,  the  performance  of a  Participant's  duties  to  the  Company  or  an
Affiliate;  or (v)  willful  failure  by a  Participant  to  follow  the  lawful
directions of a superior officer or the Board.

     (f) "Code" means the Internal Revenue Code of 1986, as amended.

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     (g)  "Committee"  means the Board or such other  committee  of at least two
persons as the Board may appoint to administer the Plan; provided, however, each
member of the Committee  shall,  if  practicable,  be a  "nonemployee  director"
within the meaning of the rules  promulgated under Section 16(b) and an "outside
director" within the meaning of U.S. Treas. Regs. ss.1.162-27(e)(3).

     (h) "Company" means ICOA, Inc., a Nevada corporation.

     (i) "Consultant"  means any person,  including any advisor,  engaged by the
Company or an Affiliate to render consulting, advisory or other services and who
is compensated  for such  services.  The term  Consultant  shall not include any
Director.

     (j) "Director" means any  non-employee  director of either the Board or the
board of directors of an Affiliate.

     (k)  "Disability"  means the  permanent  and total  disability  of a person
within the meaning of Section 22(e)(3) of the Code.

     (l) "Disqualifying  Disposition" means any disposition (including any sale)
of Stock  acquired  by  exercise of an  Incentive  Stock  Option made within the
period  which is (a) two years  after the date the  Participant  was granted the
Incentive Stock Option or (b) one year after the date the  Participant  acquired
Stock by exercising the Incentive Stock Option.

(m)  "Eligible  Persons"  means  any  (i)  Employee,   (ii)  Director  or  (iii)
Consultant.

     (n) "Employee" means any person employed by the Company or an Affiliate.

     (o) "Exchange Act" means the Securities Exchange Act of 1934, as amended.

     (p) "Fair  Market  Value"  means  (i) if the Stock is listed on a  national
securities  exchange,  the mean  between  the  highest  and lowest  sale  prices
reported  as having  occurred on the  primary  exchange  with which the Stock is
listed and  traded on the date prior to such date,  or, if there is no such sale
on that date, then on the last preceding date on which such a sale was reported,
(ii) if the  Stock is not  listed on any  national  securities  exchange  but is
quoted in the National  Market System of the National  Association of Securities
Dealers Automated Quotation System on a last sale basis, the average between the
high bid price and low ask price reported on the date prior to such date, or, if
there is no such sale on that date then on the last preceding date on which such
a sale was reported, or (iii) if the Stock is not quoted on NASDAQ-NMS or listed
on an exchange, or representative  quotes are not otherwise available,  the Fair
Market Value shall mean the amount  determined  by the Board in good faith to be
the fair market value per share of Stock, on a fully diluted basis.

     (q) "Family  Member" means (i) any child,  stepchild,  grandchild,  parent,
stepparent,   grandparent,   spouse,  former  spouse,  sibling,  niece,  nephew,
mother-in-law,  father-in-law,  son-in-law,  daughter-in-law,  brother-in-law or
sister-in-law,  including  adoptive  relationships,  (ii) any person sharing the
Participant's  household  (other  than a tenant or  employee),  (iii) a trust in
which  persons  described  in  Clause  (i) or (ii)  have  more  than  50% of the
beneficial interest,  (iv) a foundation in which persons described in Clause (i)
or (ii) or the  Participant  control the  management of assets and (v) any other
entity in which persons  described in Clause (i) or (ii) or the  Participant own
more than 50% of the voting interests.

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     (r) "Form  S-8" means a Form S-8  Registration  Statement  filed  under the
Securities Act.

     (s)  "Incentive  Stock  Option"  means an Option  intended to qualify as an
incentive  stock  option  within the  meaning of Section 422 of the Code and the
regulations promulgated thereunder.

     (t) "Nonqualified  Stock Option" means an Option not intended to qualify as
an Incentive Stock Option.

     (u) "Option" means an Incentive Stock Option or a Nonqualified Stock Option
granted pursuant to the Plan.

     (v) "Option  Agreement" means a written agreement between the Company and a
Participant evidencing the terms and conditions of an individual Option grant.

     (w)  "Participant"  means a person to whom an Award is granted  pursuant to
the Plan or, if applicable, such other person who holds an outstanding Award.

     (x) "Plan" means the ICOA, Inc. Stock Incentive Plan.

     (y)  "Restricted  Stock" means shares of Stock issued or  transferred  to a
Participant  subject  to  forfeiture  and the  other  restrictions  set forth in
Section 7 hereof.

     (z) "Restricted  Stock  Agreement"  means a written  agreement  between the
Company and a Participant  evidencing  the terms and conditions of an individual
Restricted Stock grant.

     (aa) "Rule 701" means Rule 701 promulgated under the Securities Act.

     (bb) "Securities Act" means the Securities Act of 1933, as amended.

     (cc) "Stock"  means the common  stock of the  Company,  par value $0.01 per
share.

     (dd) "Ten Percent  Shareholder" shall have the meaning set forth in Section
6(b) below.

SECTION 3.        ADMINISTRATION.

     (a) General. The Plan shall be administered by the Committee.

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     (b) Powers of the  Committee.  Subject to the  provisions of the Plan,  the
Committee shall have sole authority, in its absolute discretion:

     (i) To determine  from time to time which of the Eligible  Persons shall be
granted  Awards,  when  and how  each  Award  shall  be  granted,  what  type or
combination  of types of Award shall be granted,  the  provisions  of each Award
granted (which need not be identical), including the time or times when a person
shall be  permitted  to receive  Stock  pursuant to an Award,  and the number of
shares of Stock  with  respect  to which an Award  shall be granted to each such
person;

     (ii) To construe and interpret the Plan and Awards granted under it, and to
establish, amend and revoke rules and regulations for its administration;

     (iii) To amend the Plan or an Award as provided in Section 16; and

     (iv) To  exercise  such  powers and to perform  such acts as the  Committee
deems  necessary or expedient to promote the best interests of the Company which
are not in conflict with the provisions of the Plan.

     (c)  Committee  Determinations.  All  determinations,  interpretations  and
constructions made by the Committee in good faith shall not be subject to review
by any person and shall be final, binding and conclusive on all persons.

          SECTION 4. STOCK SUBJECT TO THE PLAN.

     (a) Share Reserve.  Subject to Section 10 hereof  relating to  adjustments,
the total  number of shares of Stock  which may be  granted  pursuant  to Awards
hereunder shall not exceed, in the aggregate, 60,000,000 shares of Stock.

     (b)  Source.  The stock to be granted or  optioned  under the Plan shall be
shares of authorized  but unissued  Stock or  previously  issued shares of Stock
reacquired by the Company on the open market or by private purchase.

     (c)  Reversion  of Shares.  If any Award  shall for any reason  expire,  be
forfeited or otherwise  terminate,  in whole or in part, the shares of Stock not
acquired  under  such  Award  shall  revert to and again  become  available  for
issuance under the Plan. However, the aggregate number of shares of Stock issued
upon the exercise of Incentive Stock Options (including shares reacquired by the
Company)  shall in no event  exceed  two  hundred  percent  (200%) of the number
specified in subsection (a) above.

     (d) 162(m) Limitation.  Subject to the provisions of Section 10 relating to
adjustments  upon changes in the shares of Stock,  no Employee shall be eligible
to be granted  Options  covering more than 3,000,000  shares of Stock during any
calendar year.  This  subsection (d) shall not apply until such date required by
Section 162(m) of the Code and the rules and regulations promulgated thereunder.

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     (e) Voting  Rights.  The Stock and similar  equity  securities  shall carry
equal voting  rights on all matters  where such vote is permitted by  applicable
law.

          SECTION 5. ELIGIBILITY.

     (a) General.  Participation  shall be limited to Eligible  Persons who have
received written notification from the Committee, or from a person designated by
the Committee,  that they have been selected to participate in the Plan.  Except
in the case of  Incentive  Stock  Options,  Awards may be granted to  Employees,
Directors and Consultants.

     (b)  Incentive  Stock Option  Limitation.  Incentive  Stock  Options may be
granted only to Employees.

     (c) Consultant Limitation. A Consultant shall not be eligible for the grant
of an Award if, at the time of grant,  a Form S-8 is not  available  to register
either  the offer or the sale of the  Company's  securities  to such  Consultant
because of the nature of the services  that the  Consultant  is providing to the
Company,  or because the  Consultant  is not a natural  person,  or as otherwise
provided  by the  rules  governing  the  use of Form  S-8,  unless  the  Company
determines  both (A) that such grant (1) shall be registered  in another  manner
under the Securities  Act (e.g.,  on a Form S-3  Registration  Statement) or (2)
does not require  registration  under the Securities Act in order to comply with
the  requirements of the Securities Act, if applicable,  and (B) that such grant
complies with the securities laws of all other relevant jurisdictions.

          SECTION 6. OPTIONS.

     (a)  General.  Options  granted  hereunder  shall be in such form and shall
contain such terms and conditions as the Committee shall deem  appropriate.  All
Options shall be separately  designated  Incentive Stock Options or Nonqualified
Stock Options at the time of grant,  and, if certificates are issued, a separate
certificate  or  certificates  will be issued for shares of Stock  purchased  on
exercise of each type of Option. The provisions of separate Options shall be set
forth in an Option  Agreement,  which  agreements  need not be  identical,  and,
except as  otherwise  provided by the  Committee in the Option  Agreement,  each
Option shall include (through incorporation of provisions hereof by reference in
the Option or otherwise) the substance of each of the following provisions:

     (i) Term.  Subject to Section  6(b) hereof in the case of  Incentive  Stock
Options,  no Option granted  hereunder shall be exercisable after the expiration
of ten (10) years from the date it was granted.

     (ii)  Exercise  Price.  Subject  to  Section  6(b)  hereof  in the  case of
Incentive  Stock Options,  the exercise price per share of Stock for each Option
shall be set by the  Committee  at the time of grant  but shall not be less than
the par value per share of Stock;  provided,  however,  that  following the date
that the exemption  from the  application  of Section 162(m) of the Code (or any
other exemption  having similar effect) ceases to apply to Options,  all Options
intended to qualify as "performance-based  compensation" under Section 162(m) of
the Code shall have an  exercise  price per share of Stock no less than the Fair
Market Value of a share of Stock on the date of grant.

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     (iii) Payment for Stock.  Payment for shares of Stock acquired  pursuant to
Options  granted  hereunder  shall be made in full, upon exercise of the Options
(i) in immediately  available  funds in United States  dollars,  by certified or
bank cashier's check,  (ii) by surrender to the Company of shares of Stock which
have  either (a) have been held by the Holder  for at least  six-months,  or (b)
were  acquired from a person other than the Company,  (iii) by a combination  of
(i) and (ii),  (iv) in  consideration  received  by the  Company  under a formal
cashless  exercise  program  maintained  with an outside  broker  adopted by the
Committee in connection with the Plan, or (v) by any other means approved by the
Committee.

     (iv) Vesting.  Unless otherwise  approved by the Board and set forth in the
Option Agreement,  Options shall vest and become  exercisable in accordance with
the following schedule:

          (A) On the first anniversary of the date of grant, one-quarter (1/4th)
     of the total underlying shares shall vest and become exercisable; and

          (B) On the first day of each  calendar  month  following  the calendar
     month in which  the  first  anniversary  of the  date of  grant  falls,  an
     additional  one-forty eighth (1/48th) of the total underlying  shares shall
     vest and become exercisable.

Notwithstanding  any vesting  dates set forth above or in the Option  Agreement,
the Committee may in its sole  discretion  accelerate the vesting of any Option,
which  acceleration shall not affect the terms and conditions of any such Option
other than with respect to vesting.  Unless otherwise specifically determined by
the Committee,  the vesting of an Option shall occur only while the  Participant
is employed or  rendering  services  to the  Company or its  Affiliates  and all
vesting shall cease upon a  Participant's  termination of employment or services
for any reason.  If an Option is exercisable in installments,  such installments
or portions thereof which become  exercisable shall remain exercisable until the
Option expires.

     (v)  Transferability of Options. An Option shall not be transferable except
by will or by the laws of  descent  and  distribution  and shall be  exercisable
during  the  lifetime  of the  Participant  only by the  Participant;  provided,
however,  that the Participant may, by delivering written notice to the Company,
in a form satisfactory to the Company, designate a third party who, in the event
of the death of the  Participant,  shall  thereafter be entitled to exercise the
Option.  Notwithstanding  the foregoing,  a  Nonqualified  Stock Option shall be
transferable to the extent provided in the Option Agreement.

     (vi) Early  Exercise.  The Option  may,  but need not,  include a provision
whereby  the  Participant  may  elect  at  any  time  before  the  Participant's
employment or service terminates to exercise the Option as to any part or all of
the  shares of Stock  subject  to the  Option  prior to the full  vesting of the
Option.  Any  unvested  shares  of Stock so  purchased  shall  be  subject  to a
repurchase  option  in favor of the  Company  and to any other  restriction  the
Committee determines to be appropriate.

     (b) Special Provisions Applicable to Incentive Stock Options.

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     (i) Exercise Price of Incentive Stock Options. Subject to the provisions of
subsection (ii) hereof,  the exercise price of each Incentive Stock Option shall
be not less than one  hundred  percent  (100%) of the Fair  Market  Value of the
Stock subject to the Option on the date the Option is granted.

     (ii) Ten Percent  (10%)  Shareholders.  No  Incentive  Stock  Option may be
granted to an Employee who, at the time the option is granted, owns directly, or
indirectly  within the meaning of Section 424(d) of the Code,  stock  possessing
more than 10 percent of the total combined  voting power of all classes of stock
of  the  Company  or of  any  parent  or  subsidiary  thereof  (a  "Ten  Percent
Shareholder"),  unless  such  option (A) has an  exercise  price of at least 110
percent of the Fair Market  Value on the date of the grant of such  option;  and
(B) cannot be exercised more than five years after the date it is granted.

     (iii)  $100,000  Limitation.  To the extent the aggregate Fair Market Value
(determined as of the date of grant) of Stock for which  Incentive Stock Options
are exercisable  for the first time by any Participant  during any calendar year
(under all plans of the  Company  and its  Affiliates)  exceeds  $100,000,  such
excess Incentive Stock Options shall be treated as Nonqualified Stock Options.

     (iv) Disqualifying Dispositions. Each Participant who receives an Incentive
Stock Option must agree to notify the Company in writing  immediately  after the
Participant makes a Disqualifying  Disposition of any Stock acquired pursuant to
the exercise of an Incentive Stock Option.

          SECTION 7. RESTRICTED STOCK.

     (a) General.  Restricted Stock granted  hereunder shall be in such form and
shall contain such terms and conditions as the Committee shall deem appropriate,
including,  without  limitation,  the purchase price, if any,  applicable to the
Restricted  Stock. The terms and conditions of each Restricted Stock grant shall
be evidenced by a Restricted  Stock  Agreement.  Subject to the restrictions set
forth in Section  7(b),  the  Participant  shall  generally  have the rights and
privileges of a stockholder as to such Restricted Stock,  including the right to
vote such Restricted  Stock. At the discretion of the Committee,  cash dividends
and stock dividends,  if any, with respect to the Restricted Stock may be either
currently  paid  to  the   Participant  or  withheld  by  the  Company  for  the
Participant's  account.  Unless  otherwise  determined  by the  Committee,  cash
dividends or stock  dividends so withheld by the  Committee  shall be subject to
forfeiture  to the same degree as the shares of  Restricted  Stock to which they
relate.  No interest will accrue or be paid on the amount of any cash  dividends
withheld.

     (b)  Restrictions.  In  addition to any other  restrictions  set forth in a
Participant's Restricted Stock Agreement, until the expiration of the applicable
restricted period set forth in such Restricted Stock Agreement,  the Participant
shall not be  permitted to sell,  transfer,  pledge,  or otherwise  encumber the
Restricted Stock. The Committee shall have the authority to remove any or all of
the  restrictions  on the Restricted  Stock  whenever it may determine  that, by
reason of changes in applicable laws or other changes in  circumstances  arising
after the date of the Restricted Stock Award, such action is appropriate.

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     (c)  Certificates.   Stock  certificates  for  Restricted  Stock  shall  be
registered in the name of the  Participant but shall be  appropriately  legended
and  returned to the Company by the  Participant,  together  with a stock power,
endorsed  in  blank  by the  Participant.  Notwithstanding  the  foregoing,  the
Committee may determine, in its sole discretion, that the Restricted Stock shall
be held in book entry form rather than delivered to the Participant  pending the
release of the applicable restrictions.

     (d) Legends. Each certificate  representing  Restricted Stock awarded under
the  Plan  shall  bear a  legend  in the  following  form  until  the end of the
applicable restricted period with respect to such Stock:

               "Transfer of this certificate and the shares  represented  hereby
          is restricted  pursuant to the terms of a Restricted  Stock Agreement,
          dated as of , between ICOA,  Inc. and . A copy of such Agreement is on
          file at the offices of ICOA, Inc."

     Stop transfer orders shall be entered with the Company's transfer agent and
registrar against the transfer of legended securities.

          SECTION 8. OTHER STOCK-BASED AWARDS.

     The Committee may grant any other cash,  stock or  stock-related  Awards to
any eligible  individual  under this Plan that the Committee deems  appropriate,
including,  but  not  limited  to,  stock  appreciation  rights,  limited  stock
appreciation  rights,  phantom stock awards,  the bargain  purchase of Stock and
Stock bonuses.  Any such benefits and any related  agreements shall contain such
terms and  conditions  as the  Committee  deems  appropriate.  Such  Awards  and
agreements need not be identical. With respect to any benefit under which shares
of Stock are or may in the future be issued for  consideration  other than prior
services,  the  amount of such  consideration  shall not be less than the amount
(such as the par value of such shares) required to be received by the Company in
order to comply with applicable state law.

          SECTION 9. SPECIAL PROVISIONS APPLICABLE TO CALIFORNIA-BASED AWARDS.

     (a) Exercise/Purchase Price of California-Based  Awards. The exercise price
or purchase price, as applicable,  of a California-Based Award shall not be less
than 85% of the  Fair  Market  Value  on the date of grant  (or 100% of the Fair
Market  Value on the date of  grant in the case of an Award  granted  to any Ten
Percent Shareholder).

     (b) Vesting and Exercisability of  California-Based  Awards.  Except in the
case of a  California-Based  Award  granted to a  Consultant,  an officer of the
Company (or any Affiliate),  or any member of the Board,  each  California-Based
Award shall  become  vested with  respect to at least 20% of the total number of
shares of Stock  subject to such Award  each year,  beginning  no later than one
year after the date of grant.

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     (c) Repurchase Rights.  Notwithstanding  any other provision of the Plan to
the  contrary,  except  in the case of a  California-Based  Award  granted  to a
Consultant,  an officer of the Company (or any Affiliate),  or any member of the
Board,  any rights of the Company to  repurchase  Stock  acquired  pursuant to a
California-Based  Award that applies to a Participant  who ceases to be employed
or ceases to render  services  for the  Company  or an  Affiliate:  (1) shall be
exercised  by the  Company  (if at all)  within  90 days  after  the  date  such
employment or service terminates (or for shares acquired upon the exercise of an
Option after such employment or service has terminated, within 90 days after the
date of such  exercise),  and (2) shall lapse at the rate of at least 20% of the
shares of Stock  subject to such Option per year  (regardless  of the portion of
the Option exercised or  exercisable),  with the initial lapse to occur no later
than one year after the date of grant.

     (d) Termination of Service (Except by Death). If a Participant's employment
or service  terminates for any reason other than the  Participant's  death, then
the Participant's California-Based Awards in the form of Options shall expire on
the earliest of the following occasions:

          (i) The expiration date determined pursuant to Section 6;

          (ii) The date three months after the termination of the  Participant's
     employment or service for any reason other than  Disability,  or such later
     date as the Board may determine; or

          (iii) The date six months after the  termination of the  Participant's
     employment  or service by reason of  Disability,  or such later date as the
     Board may determine.

     (e) Death of Participant. If a Participant dies while the Participant is in
employment or service,  then the  Participant's  California-Based  Awards in the
form of Options shall expire on the earlier of the following dates:

          (i) The expiration date determined pursuant to Section 6; or

          (ii) The date 12 months after the  Participant's  death, or such later
     date as the Board may determine.

     (f) Limited Transferability.

     (i) A  California-Based  Award which is a  Nonqualified  Option may, to the
extent  permitted  by the  Board,  be  assigned  in whole or in part  during the
Participant's lifetime by gift or domestic relations order to a Family Member of
the Participant.  The terms applicable to the assigned portion shall be the same
as those in effect for the Option immediately prior to such assignment and shall
be set  forth in such  documents  issued to the  assignee  as the Board may deem
appropriate.

     (ii) Except as provided in Paragraph (i) above,  a  California-Based  Award
may not be assigned or transferred  other than by will or by the laws of descent
and distribution following the Participant's death.

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     (g) Financial Reports.  The Company shall deliver a financial  statement at
least annually to each Participant holding  California-Based Awards or shares of
Stock issued under the Plan pursuant to a  California-Based  Award,  unless such
Participant is a key employee whose duties in connection with the Company assure
such individual access to equivalent information.

SECTION 10.       ADJUSTMENT FOR RECAPITALIZATION, MERGER, ETC.

     (a)  Capitalization  Adjustments.  The aggregate  number of shares of Stock
which may be granted or  purchased  pursuant to Awards  granted  hereunder,  the
number of shares of Stock covered by each outstanding  Award, the maximum number
of shares of Stock with  respect to which any one person may be granted  Options
in any calendar  year,  and the price per share thereof in each such Award shall
be  appropriately  adjusted  for any  increase  or  decrease  in the  number  of
outstanding shares of stock resulting from a stock split or other subdivision or
consolidation of shares of Stock or for other capital adjustments or payments of
stock  dividends  or  distributions  or  other  increases  or  decreases  in the
outstanding shares of Stock without receipt of consideration by the Company. Any
adjustment shall be conclusively determined by the Committee.

     (b)  Corporate  Events.   If  the  Company  shall  be  sold,   reorganized,
consolidated, or merged with another corporation, or if all or substantially all
of the assets of the Company shall be sold or exchanged (a  "Corporate  Event"),
the Committee shall make such substitution or adjustment, if any, as it deems to
be  equitable,  as to the number or kind of shares of Stock or other  securities
issued or reserved for issuance  pursuant to the Plan, and the number or kind of
shares of Stock or other securities covered by outstanding Awards, and the price
thereof.  In instances  where another  corporation or other  business  entity is
being acquired by the Company,  and the Company has assumed outstanding employee
option grants and/or the  obligation to make future or potential  grants under a
prior existing plan of the acquired entity, similar adjustments are permitted at
the  discretion of the Committee.  If the Company is not the ultimate  surviving
parent entity in such Corporate  Event,  the Company shall require the successor
corporation  or parent  thereof to assume  such  outstanding  Awards;  provided,
however,  the Committee  may, in its  discretion  and in lieu of requiring  such
assumption,  provide  that all  outstanding  Awards  shall  terminate  as of the
consummation of such Corporate Event, and (x) accelerate the  exercisability of,
or cause all vesting  restrictions to lapse on, all outstanding Awards to a date
at least ten days prior to the date of such  Corporate  Event and/or (y) provide
that holders of Awards will receive a cash payment in respect of cancellation of
their Awards  based on the amount (if any) by which the per share  consideration
being paid for the Stock in  connection  with such  Corporate  Event exceeds the
applicable exercise price (if applicable).

     (c)  Assumption.  For purposes of Section  10(b)  above,  an Award shall be
considered assumed, without limitation, if, at the time of issuance of the stock
or other  consideration upon a Corporate Event, each holder of an Award would be
entitled  to  receive  upon  exercise  of the award the same  number and kind of
shares  of stock or the same  amount of  property,  cash or  securities  as such
holder  would  have  been  entitled  to  receive  upon  the  occurrence  of  the
transaction if the holder had been,  immediately prior to such transaction,  the
holder  of the  number of shares  of Stock  covered  by the Award at such  time;
provided,  that if such consideration  received in the transaction is not solely
equity securities of the successor  entity,  the Committee may, with the consent
of the  successor  entity,  provide for the  consideration  to be received  upon
exercise of the Award to be solely equity  securities  of the  successor  entity
equal to the  Fair  Market  Value of the per  share  consideration  received  by
holders of Stock in the Corporate Event.

                                       10

<PAGE>

     (d) Fractional  Shares. Any such adjustment may provide for the elimination
of any fractional share which might otherwise become subject to an option.

     SECTION 11. USE OF PROCEEDS.

     The proceeds  received from the sale of Stock pursuant to the Plan shall be
used for general corporate purposes.

     SECTION 12. RIGHTS AND PRIVILEGES AS A STOCKHOLDER.

     Except as otherwise  specifically  provided in the Plan, no person shall be
entitled to the rights and privileges of stock ownership in respect of shares of
Stock which are subject to Awards  hereunder  until such shares have been issued
to that person.

     SECTION 13. EMPLOYMENT OR SERVICE RIGHTS.

     No  individual  shall have any claim or right to be granted an Award  under
the Plan or, having been selected for the grant of an Award,  to be selected for
a grant of any other  Award.  Neither  the Plan nor any action  taken  hereunder
shall be  construed  as giving any  individual  any right to be  retained in the
employ or service of the Company or an Affiliate.

     SECTION 14. COMPLIANCE WITH LAWS.

     The  obligation  of the  Company  to make  payment  of  Awards  in Stock or
otherwise shall be subject to all applicable laws,  rules, and regulations,  and
to such approvals by governmental  agencies as may be required.  Notwithstanding
any terms or conditions of any Award to the contrary, the Company shall be under
no obligation to offer to sell or to sell and shall be prohibited  from offering
to sell or selling any shares of Stock  pursuant to an Award  unless such shares
have been properly  registered  for sale pursuant to the Securities Act with the
Securities and Exchange Commission or unless the Company has received an opinion
of counsel, satisfactory to the Company, that such shares may be offered or sold
without such registration  pursuant to an available  exemption therefrom and the
terms and  conditions  of such  exemption  have been fully  complied  with.  The
Company  shall be under no  obligation  to register for sale or resale under the
Securities  Act any of the  shares of Stock to be offered or sold under the Plan
or any shares of Stock issues upon  exercise of Options.  If the shares of Stock
offered  for sale or sold  under the Plan are  offered  or sold  pursuant  to an
exemption from  registration  under the Securities Act, the Company may restrict
the transfer of such shares and may legend the Stock  certificates  representing
such shares in such manner as it deems  advisable to ensure the  availability of
any such exemption.

                                       11

<PAGE>

     SECTION 15. WITHHOLDING OBLIGATIONS.

     The Company is authorized to withhold from any Award  granted,  any payment
relating to an Award under the Plan,  including from a distribution of shares of
Stock, or any payroll or other payment to a Participant,  amounts of withholding
and other taxes due in connection with any transaction  involving an Award,  and
to take such other  action as the  Committee  may deem  advisable  to enable the
Company and  Participants to satisfy  obligations for the payment of withholding
taxes and other tax  obligations  relating to any Award.  This  authority  shall
include  authority to withhold or receive  shares of Stock or other property and
to make cash payments in respect thereof in satisfaction of a Participant's  tax
obligations.   In  addition  to  the  Company's   right  to  withhold  from  any
compensation  paid to the Participant by the Company,  a Participant may satisfy
any federal,  state or local tax withholding obligation relating to the exercise
or  acquisition  of Stock under an Award by  tendering a cash payment or, in the
sole  discretion  of  the  Committee,  by any of  the  following  means  or by a
combination of such means:  (i)  authorizing  the Company to withhold  shares of
Stock from the shares of Stock otherwise issuable to the Participant as a result
of the exercise or acquisition of Stock under the Award, provided, however, that
no shares of Stock are withheld with a value exceeding the minimum amount of tax
required  to be withheld by law;  or (ii)  delivering  to the Company  owned and
unencumbered  shares  of  Stock.  For  purposes  of this  Section  15,  the term
"Company"  shall be deemed to mean any Affiliate that may have a tax withholding
obligation due to its relationship with a Participant.

     SECTION 16. AMENDMENT OF THE PLAN OR AWARDS.

     (a) Amendment of Plan.  The Board at any time,  and from time to time,  may
amend the Plan; provided, however, that without further stockholder approval the
Board shall not make any amendment to the Plan which would  increase the maximum
number of shares of Stock which may be issued pursuant to Awards under the Plan,
except as contemplated by Section 10 hereof.

     (b) No  Impairment  of  Rights.  Rights  under  any  Award  granted  before
amendment of the Plan shall not be impaired by any  amendment of the Plan unless
(i) the Company requests the consent of the Participant and (ii) the Participant
consents in writing.

     (c) Amendment of Stock Awards. The Committee, at any time, and from time to
time, may amend the terms of any one or more Awards; provided, however, that the
rights  under any Award shall not be impaired by any such  amendment  unless (i)
the Company  requests the consent of the  Participant  and (ii) the  Participant
consents in writing.

     SECTION 17. TERMINATION OR SUSPENSION OF THE PLAN.

     The Board may  suspend or  terminate  the Plan at any time.  Unless  sooner
terminated,  the  Plan  shall  terminate  on the day  before  the  tenth  (10th)
anniversary  of the date the Plan is  adopted  by the Board or  approved  by the
stockholders  of the  Company,  whichever  is earlier.  No Awards may be granted
under the Plan while the Plan is suspended or after it is terminated.

                                       12

<PAGE>

     SECTION 18. EFFECTIVE DATE OF THE PLAN.

     The Plan shall be effective as of March 16, 2005.

     SECTION 19. MISCELLANEOUS.

     (a) No Liability of Committee Members.  No member of the Committee shall be
personally liable by reason of any contract or other instrument executed by such
member or on his behalf in his capacity as a member of the Committee nor for any
mistake of judgment made in good faith, and the Company shall indemnify and hold
harmless  each  member of the  Committee  and each  other  employee,  officer or
director of the Company to whom any duty or power relating to the administration
or interpretation of the Plan may be allocated or delegated, against any cost or
expense  (including  counsel  fees)  or  liability  (including  any sum  paid in
settlement  of a claim)  arising out of any act or omission to act in connection
with the Plan  unless  arising  out of such  person's  own fraud or willful  bad
faith;  provided,  however, that approval of the Board shall be required for the
payment of any amount in  settlement  of a claim  against any such  person.  The
foregoing right of indemnification shall not be exclusive of any other rights of
indemnification  to which  such  persons  may be  entitled  under the  Company's
Articles of Incorporation or By-Laws,  as a matter of law, or otherwise,  or any
power that the Company may have to indemnify them or hold them harmless.

     (b) Payments  Following  Accidents or Illness.  If the Committee shall find
that any person to whom any  amount is payable  under the Plan is unable to care
for his affairs because of illness or accident, or is a minor, or has died, then
any payment due to such person or his estate  (unless a prior claim therefor has
been made by a duly  appointed  legal  representative)  may, if the Committee so
directs the Company,  be paid to his spouse,  child,  relative,  an  institution
maintaining or having custody of such person,  or any other person deemed by the
Committee to be a proper recipient on behalf of such person  otherwise  entitled
to payment.  Any such payment shall be a complete  discharge of the liability of
the Committee and the Company therefor.

     (c)  Governing  Law.  The  Plan  shall  be  governed  by and  construed  in
accordance with the internal laws of the State of Nevada,  without  reference to
the principles of conflicts of laws thereof.

     (d) Funding.  No provision of the Plan shall  require the Company,  for the
purpose of satisfying  any  obligations  under the Plan,  to purchase  assets or
place any assets in a trust or other entity to which  contributions  are made or
otherwise to segregate any assets,  nor shall the Company maintain separate bank
accounts,  books,  records or other evidence of the existence of a segregated or
separately maintained or administered fund for such purposes. Participants shall
have no rights under the Plan other than as unsecured  general  creditors of the
Company,  except  that  insofar as they may have  become  entitled to payment of
additional  compensation  by performance  of services,  they shall have the same
rights as other employees under general law.

     (e) Reliance on Reports.  Each member of the  Committee  and each member of
the Board shall be fully  justified  in relying,  acting or failing to act,  and
shall not be liable for having so relied,  acted or failed to act in good faith,
upon any report made by the independent public accountant of the Company and its
Affiliates and upon any other information  furnished in connection with the Plan
by any person or persons other than himself.

     (f) Titles and  Headings.  The titles and  headings of the  sections in the
Plan are for  convenience  of reference  only, and in the event of any conflict,
the text of the Plan, rather than such titles or headings shall control.

                                      * * *<PAGE>

                                                                Exhibit 10(d)(4)

                                 LEASE AGREEMENT

                                     BETWEEN

                            FAIRFIELD 80 VENTURE, LLC
                            -------------------------

                                    LANDLORD

                                       AND

                          COVER-ALL TECHNOLOGIES, INC.
                          ----------------------------

                                     TENANT

                              DATED: MARCH 3, 2005

                 PREMISES: A PORTION OF THE BUILDING LOCATED AT
                           55 LANE ROAD, FAIRFIELD, NJ

                                        i
<PAGE>

TABLE OF CONTENTS

LEASE AGREEMENT................................................................1

ARTICLE I. BASIC LEASE INFORMATION.............................................1

   SECTION 1.01.  BUILDING:....................................................1
   SECTION 1.02.  DEMISED PREMISES:............................................1
   SECTION 1.03.  BASE RENT:...................................................1
   SECTION 1.04.  SECURITY DEPOSIT:............................................1
   SECTION 1.05.  TERM:........................................................2
   SECTION 1.06.  TENANT'S PRO RATA SHARE:.....................................2
   SECTION 1.07.  TENANT'S ELECTRICITY CHARGE:.................................2

ARTICLE II. DEFINITIONS........................................................2

   SECTION 2.01.  ASSESSED VALUATION:..........................................2
   SECTION 2.02.  BASE YEAR:...................................................2
   SECTION 2.03.  COMMENCEMENT DATE:...........................................2
   SECTION 2.04.  COMMON AREA:.................................................2
   SECTION 2.05.  MORTGAGE:....................................................2
   SECTION 2.06.  OPERATING COST BASE:.........................................3
   SECTION 2.07.  OPERATING YEAR:..............................................3
   SECTION 2.08.  PARKING AREA:................................................3
   SECTION 2.09.  REAL ESTATE TAX BASE:........................................3
   SECTION 2.10.  RENT:........................................................3
   SECTION 2.11.  TAX YEAR:....................................................3
   SECTION 2.12.  TAXES:.......................................................3
   SECTION 2.13.  TENANT'S AGENTS:.............................................3

ARTICLE III. PREPARATION OF THE DEMISED PREMISES...............................3

   SECTION 3.01.  TENANT WORK:.................................................3
   SECTION 3.02.  TENANT'S EARLY ACCESS:.......................................4
   SECTION 3.03.  INSURANCE COVERING WORK BY TENANT:...........................5
   SECTION 3.04.  NO REPRESENTATION:...........................................5

ARTICLE IV. TERM...............................................................5

   SECTION 4.01.  TERM:........................................................5
   SECTION 4.02.  COMMENCEMENT DATE:...........................................5
   SECTION 4.03.  EXPIRATION DATE:.............................................6

ARTICLE V. RENT................................................................6

   SECTION 5.01.  BASE RENT:...................................................6
   SECTION 5.02.  TAX INCREASE AMOUNT:.........................................6
   SECTION 5.03.  OPERATING COST INCREASE AMOUNT:..............................7
   SECTION 5.04.  PAYMENT OF RENT OR ADDITIONAL RENT:.........................10
   SECTION 5.05.  SECURITY DEPOSIT:...........................................11

ARTICLE VI. SIGNS.............................................................11

   SECTION 6.01.  BUILDING DIRECTORY(S) SIGNAGE:..............................11
   SECTION 6.02.  TENANT DOOR SIGNAGE:........................................11

ARTICLE VII. REPAIRS, ALTERATIONS, COMPLIANCE, SURRENDER......................12

   SECTION 7.01.  REPAIRS AND MAINTENANCE BY LANDLORD:........................12
   SECTION 7.02.  REPAIRS AND MAINTENANCE BY TENANT:..........................12
   SECTION 7.03.  APPROVAL BY LANDLORD OF IMPROVEMENTS:.......................12
   SECTION 7.04.  EMERGENCY REPAIRS:..........................................13
   SECTION 7.05.  ELECTRICAL LINES:...........................................13
   SECTION 7.06.  SURRENDER OF PREMISES:......................................13

ARTICLE VIII. SERVICE AND UTILITIES...........................................13

   SECTION 8.01.  LANDLORD'S SERVICES:........................................13
   SECTION 8.02.  ELECTRICITY:................................................14

ARTICLE IX. USE AND OPERATION.................................................15

   SECTION 9.01.  USE:........................................................15
   SECTION 9.02.  RULES AND REGULATIONS:......................................15
   SECTION 9.03.  RESTRICTION ON TENANT'S ACTIVITIES:.........................16
   SECTION 9.04.  COMPLIANCE WITH LAW:........................................16

ARTICLE X. TRANSFER OF INTEREST, PRIORITY OF LIEN.............................16

   SECTION 10.01.  ASSIGNMENT, SUBLETTING, ETC.:..............................16
   SECTION 10.02.  SUBORDINATION:.............................................18

                                       ii
<PAGE>

   SECTION 10.03.  ATTORNMENT:................................................19
   SECTION 10.04.  TRANSFER OF LANDLORD'S INTEREST:...........................19
   SECTION 10.05.  MORTGAGEE'S RIGHTS:........................................19

ARTICLE XI. COMMON AREA.......................................................19

   SECTION 11.01.  USE OF COMMON AREA:........................................19
   SECTION 11.02.  LANDLORD'S RIGHTS:.........................................20
   SECTION 11.03.  LICENSE NUMBERS:...........................................20
   SECTION 11.04.  PARKING AREAS:.............................................20

ARTICLE XII. DESTRUCTION OR DAMAGE............................................20

   SECTION 12.01.  RENT ABATEMENT:............................................20
   SECTION 12.02.  TERMINATION BY LANDLORD:...................................21
   SECTION 12.03.  LANDLORD'S OBLIGATION TO REBUILD:..........................21
   SECTION 12.04.  LANDLORD'S LIABILITY:......................................21

ARTICLE XIII. CONDEMNATION....................................................21

   SECTION 13.01.  DEFINITIONS:...............................................21
   SECTION 13.02.  TAKING OF DEMISED PREMISES:................................21
   SECTION 13.03.  TAKING FOR TEMPORARY USE:..................................22
   SECTION 13.04.  DISPOSITION OF AWARDS:.....................................22
   SECTION 14.01.  GENERAL INSURANCE:.........................................22
   SECTION 14.02.  LIABILITY INSURANCE:.......................................23
   SECTION 14.03.  FIRE INSURANCE:............................................23
   SECTION 14.04.  WORKER'S COMPENSATION INSURANCE:...........................23
   SECTION 14.05.  OTHER INSURANCE:...........................................23
   SECTION 14.06.  WAIVER OF SUBROGATION:.....................................23
   SECTION 14.07.  INSURANCE RATE:............................................24

ARTICLE XV. INDEMNIFICATION AND LIABILITY.....................................24

   SECTION 15.01.  INDEMNIFICATION:...........................................24
   SECTION 15.02.  WAIVER AND RELEASE:........................................24
   SECTION 15.03.  LIABILITY OF LANDLORD:.....................................25

ARTICLE XVI. DEFAULT, REMEDIES................................................25

   SECTION 16.01.  DEFAULT:...................................................25
   SECTION 16.02.  LANDLORD'S REMEDY:.........................................26
   SECTION 16.03.  LANDLORD'S RE-ENTRY:.......................................26
   SECTION 16.04.  LANDLORD'S ADDITIONAL REMEDIES:............................26
   SECTION 16.05.  WAIVER OF RIGHT OF REDEMPTION:.............................27
   SECTION 16.06.  LANDLORD'S RIGHT TO PERFORM FOR ACCOUNT OF TENANT:.........27
   SECTION 16.07.  ADDITIONAL REMEDIES, WAIVERS, ETC.:........................27
   SECTION 16.08.  DISTRAINT:.................................................27

ARTICLE XVII. TENANT'S ESTOPPEL CERTIFICATE...................................27

ARTICLE XVIII. RIGHT OF ACCESS................................................28

ARTICLE XIX. COVENANT OF QUIET ENJOYMENT......................................28

ARTICLE XX. ENVIRONMENTAL MATTERS.............................................28

   SECTION 20.01.  INDUSTRIAL SITE RECOVERY ACT:..............................28

ARTICLE XXI. MISCELLANEOUS....................................................30

   SECTION 21.01.  INTERPRETATION:............................................30
   SECTION 21.02.  CONSTRUCTION OF WORDS AND PHRASES:.........................31
   SECTION 21.03.  WRITTEN AGREEMENT REQUIRED:................................31
   SECTION 21.04.  NOTICE:....................................................31
   SECTION 21.05.  METHOD OF PAYMENT:.........................................32
   SECTION 21.06.  SUCCESSORS AND ASSIGNS:....................................32
   SECTION 21.07.  GUARANTOR OF TENANT:.......................................32
   SECTION 21.08.  HOLD OVER:.................................................32
   SECTION 21.09.  INTEREST:..................................................32
   SECTION 21.10.  LATE CHARGE:...............................................32
   SECTION 21.11.  NON-WAIVER:................................................32
   SECTION 21.12.  BROKER:....................................................33
   SECTION 21.13.  SHORT FORM LEASE:..........................................33
   SECTION 21.14.  FINANCIAL STATEMENTS:......................................33
   SECTION 21.15.  MECHANICS' LIENS:..........................................33
   SECTION 21.16.  CORPORATE AUTHORITY:.......................................33
   SECTION 21.17.  FORCE MAJEURE:.............................................34

                                       iii
<PAGE>

   SECTION 21.18.  GOVERNING LAW:.............................................34
   SECTION 21.19.  SUBSTITUTED PREMISES:......................................34
   SECTION 21.20.  RENEWAL OPTION:............................................34
   SECTION 21.21.  RIGHT OF FIRST OFFER:......................................35
   SECTION 21.22.  SIGNAGE RIGHTS:............................................35
   SECTION 21.23.  SATELLITE DISH.............................................35

EXHIBITS TO LEASE

Exhibit A         Description of the Land                                    A-1
Exhibit B         Outline of Demised Premises                                B-1
Exhibit C         Tenant Improvement Workletter                              C-1
Exhibit D         Rules and Regulations                                      D-1
Exhibit E         Janitorial Services                                        E-1
Exhibit F         Holiday Schedule                                           F-1
Exhibit G         Commencement Date Memorandum                               G-1

                                       iv
<PAGE>

                                 LEASE AGREEMENT

        THIS AGREEMENT OF LEASE dated March 3, 2005, between FAIRFIELD 80
VENTURE, LLC, a New Jersey limited liability company having an office address
c/o Bergman Realty Corporation, 555 Route One South, Iselin, New Jersey 08830
(hereinafter called "Landlord") and COVER-ALL TECHNOLOGIES, INC., a Delaware
corporation having an office address of 18-01 Pollitt Drive, Fairlawn, New
Jersey 07410 (hereinafter called "Tenant").

        Landlord hereby leases to Tenant and Tenant hereby rents from Landlord
the Demised Premises (hereinafter defined) for the Term (hereinafter defined)
and at the rent and on all of the terms and conditions set forth herein.
Intending to be legally bound hereunder and in consideration of $1.00 and other
good and valuable consideration, Landlord and Tenant hereby agree with each
other as follows:

                       ARTICLE I. BASIC LEASE INFORMATION.

        SECTION 1.01. BUILDING:

        The Building is known as FAIRFIELD 80 OFFICE BUILDING and is located at
55 Lane Road, Fairfield, New Jersey 07004 (the "Building"). The Building and the
"Land" (as described in Exhibit A attached hereto) are sometimes referred to
collectively as the "Real Estate" or the "Property".

        SECTION 1.02. DEMISED PREMISES:

        The "Demised Premises" is the portion of the Building leased to Tenant
consisting of approximately 20,028 rentable square feet of area (inclusive of
allocable Common Areas as defined in Section 2.04 hereof) located on the THIRD
(3RD) floor as shown outlined in red on the Floor Plan attached hereto as
Exhibit B. The Demised Premises includes any alterations, additions or repairs
made thereto. This computation of rentable square footage shall be binding and
conclusive on the parties, and their successors and assigns. Landlord hereby
represents that the determination of Tenant's rentable square footage is based
upon the usable area measurements provided by the Jeffrey Barton, AIA, a
licensed New Jersey architect, whose measurements, as verified by field
documentation and computer aided design calculations, are made in accordance
with acceptable industry standard methods of measuring tenant spaces in
multi-tenanted office buildings which measures from the perimeter glass to the
centerline of tenant separation walls and corridor walls including the required
entry and exit door recesses.

        SECTION 1.03. BASE RENT:

        The aggregate sum over the Term of the Lease in the approximate amount
of TWO MILLION EIGHT HUNDRED THREE THOUSAND NINE HUNDRED TWENTY AND 00/100
($2,803,920.00) DOLLARS payable in equal monthly installments as follows:

------------------------ -------------------------- ----------------------------
        PERIOD               ANNUAL BASE RENT             MONTHLY BASE RENT
------------------------ -------------------------- ----------------------------
     Months 1 - 5:                 $0.00                        $0.00
------------------------ -------------------------- ----------------------------
    Months 6 - 29:              $370,518.00                   $30,876.50
------------------------ -------------------------- ----------------------------
    Months 30 - 65:             $400,560.00                   $33,380.00
------------------------ -------------------------- ----------------------------
    Months 66 - 89:             $430,602.00                   $35,883.50
------------------------ -------------------------- ----------------------------

In the event the Commencement Date (as defined below) shall occur on a day other
than the first day of a calendar month, then the Base Rent for that month shall
be pro-rated based on the actual number of days in such fractional month using
the monthly Base Rent amount of $30,876.50.

        SECTION 1.04. SECURITY DEPOSIT:

        Tenant has deposited with Landlord the sum of ONE HUNDRED SEVEN THOUSAND
SIX HUNDRED FIFTY AND 50/100 ($107,650.50) DOLLARS as the Security Deposit, to
be governed by Section 5.05 hereof.

                                       1
<PAGE>

        SECTION 1.05. TERM:

        The Term of this Lease shall be eighty-nine (89) months plus the
remaining number of days in the month on which the Commencement Date
(hereinafter defined) occurs if such date is other than the first day of the
month. The last day of the Term shall be the Expiration Date (hereinafter
defined). The Commencement Date shall be confirmed between Landlord and Tenant
by means of a "Commencement Date Memorandum" (attached hereto as Exhibit G).

        SECTION 1.06. TENANT'S PRO RATA SHARE:

        Tenant's Pro Rata Share shall be the ratio of the total rentable square
footage of the Demised Premises to the total square footage of the Building. The
Landlord and Tenant have determined that Tenant's Pro Rata Share is 18.72% based
upon the Building rentable area of 107,000 square feet. This determination of
Tenant's Pro Rata Share shall be binding and conclusive on the parties, and
their successors and assigns.

        SECTION 1.07. TENANT'S ELECTRICITY CHARGE:

        Per annum the sum of THIRTY THOUSAND FORTY TWO AND 00/100 ($30,042.00)
DOLLARS payable in equal monthly installments of TWO THOUSAND FIVE HUNDRED THREE
AND 50/100 ($2,503.50) DOLLARS. The Tenant Electricity Charge is based upon the
rate of ONE and 50/100 ($1.50/sq.ft.) Dollars per rentable square foot per annum
(subject to adjustment pursuant to Section 8.02)

                            ARTICLE II. DEFINITIONS.

        As used herein, the terms below have the following meanings:

        SECTION 2.01. ASSESSED VALUATION:

        The Assessed Valuation of the Real Estate, including any added and/or
omitted assessments, when fully assessed, as such is determined by final
administrative proceedings by an appropriate taxing authority. Landlord
represents that the Real Estate is fully assessed.

        SECTION 2.02. BASE YEAR:

        The Base Year for determining Tax Increase Amounts and Operating Cost
Increase Amounts shall be the calendar year 2005.

        SECTION 2.03. COMMENCEMENT DATE:

        The target Commencement Date of this Lease shall be JUNE 1, 2005,
subject to adjustment pursuant to Section 4.02 hereof.

        SECTION 2.04. COMMON AREA:

        Without limitation, the hallways, entryways, stairs, vending area,
elevators, driveways, sidewalks, parking areas, loading areas, trash facilities,
and all other areas and facilities of the Building and the Land provided and
designated from time to time by Landlord for the general nonexclusive use and
convenience of Tenant with other tenants and their respective employees,
invitees, licensees or other visitors.

        SECTION 2.05. MORTGAGE:

        Any mortgage, deed to secure debt, trust indenture, or deed of trust
which may now or hereafter affect, encumber or be a lien upon the Demised
Premises, the Building, the Land, and any spreading agreements, renewals,
modifications, consolidations, replacements and extensions thereof. Landlord's
current mortgagee as of the date hereof is: THE BANK OF NEW YORK ("Mortgagee").

                                       2
<PAGE>

        SECTION 2.06. OPERATING COST BASE:

        The total dollar amount of Building Operating Costs incurred during the
Base Year.

        SECTION 2.07. OPERATING YEAR:

        Operating Year shall mean any calendar year.

        SECTION 2.08. PARKING AREA:

        Those portions of the Real Estate designated for parking by Landlord,
which Landlord may assign and re-assign from time to time but may not reduce the
number of spaces. Tenant shall be permitted to use a total of EIGHTY (80)
parking spaces (of which eight (8) shall be reserved parking spaces, with three
(3) to be covered parking spaces located underneath the Building and five (5) to
be in a location as determined by Landlord, and seventy-two (72) of which shall
be unreserved parking spaces) in common with other tenants of the Building to be
governed by Section 11.04 hereof, which is based upon a parking ratio of four
(4) parking spaces for each 1,000 square feet of rentable area then being leased
hereunder.

        SECTION 2.09. REAL ESTATE TAX BASE:

        The dollar amount of real estate taxes payable during the Base Year,
determined by multiplying the Assessed Valuation by the tax rate.

        SECTION 2.10. RENT:

        Base Rent, Tenant's Electricity Charge, Tax Increase Amount, Extra
Taxes, Operating Cost Increase Amount (each as defined herein) and any other
charges payable to Landlord hereunder.

        SECTION 2.11. TAX YEAR:

        Tax Year shall mean any calendar year.

        SECTION 2.12. TAXES:

        All real estate taxes, charges and assessments imposed upon the Real
Estate. The following shall be excluded from Taxes: franchise taxes, gift taxes,
capital stock taxes, inheritance and succession taxes, estate taxes, gross
receipts, or unincorporated business and corporate taxes imposed or measured by
the net income of Landlord from the operation of the Building or Real Estate.
However, if any franchise, capital stock, capital gains, rent, income, profit or
any other tax or charge shall be substituted in whole or in part for the current
ad valorem Taxes now or hereafter imposed upon the Real Estate due to a change
in the method of taxation or assessment, such franchise, capital stock, capital
gains, rent, income, profit or other tax or charge shall be deemed included as
Taxes.

        SECTION 2.13. TENANT'S AGENTS:

        Includes Tenant's employees, servants, licensees, subtenants, assignees,
contractors, heirs, successors, legatees, and devisees.

                ARTICLE III. PREPARATION OF THE DEMISED PREMISES.

        SECTION 3.01. TENANT WORK:

        (a)     Within ten days (10) after the date of this Lease (if
applicable), Tenant shall submit to Landlord completed interior design drawings,
layouts and interior finish specifications for the preparation of the Demised
Premises. Tenant, at Landlord's cost and expense, shall cause to be prepared all
working, detailed construction drawings and specifications for the Tenant Work
(as

                                       3
<PAGE>

hereinafter defined) which shall become a part of this Lease and referred to as
the "Plans and Specifications". The Tenant Work is described in the Tenant
Improvement Workletter annexed hereto as Exhibit C, which sets forth in detail
the parties' understanding regarding the scope of work to be provided to Tenant
by Landlord ("Tenant Work"). Landlord shall not require Tenant to restore the
Demised Premises to the conditions prior to the Tenant Work.

        (b)     Landlord shall complete the construction of the Tenant Work, in
accordance with the Tenant Improvement Workletter, in the following manner:

                (i)     Landlord shall arrange for the performance of Tenant
Work prior to the Commencement Date;

                (ii)    Within a reasonable time after completion of the Plans
and Specifications (if required), which shall be approved and initialed by
Landlord and Tenant, Landlord shall apply to the appropriate governmental
authorities for any construction permit(s) which may be required in connection
with Landlord's performance of Tenant Work.

                (iii)   Within a reasonable time after the issuance of such
construction permit(s), or if no permit is required, within a reasonable time
after the execution of this Lease, Landlord shall commence to perform Tenant
Work and shall diligently prosecute such work to completion. Landlord shall
perform all work provided for in the Plans and Specifications (or in accordance
with Exhibit C if no Plans and Specifications are required) in compliance with
the applicable Building Codes and in a good and workmanlike manner. Tenant shall
advise Landlord immediately in writing of any objection to the performance of
the Tenant Work.

                (iv)    Landlord shall arrange for any inspections and shall
apply for and obtain any Certificate of Occupancy required by any governmental
authority.

                (v)     If prior to or during construction, Tenant elects to
change the scope of Tenant Work ("Work Changes") and/or Tenant requests
additional work ("Additional Work") other than Tenant Work to be performed in
the Demised Premises, then provided such Work Changes or Additional Work adds to
Landlord's estimated costs and Tenant approves said additional costs, Tenant
shall pay for any additional costs in advance of the Additional Work or Work
Changes and upon receipt of invoice from Landlord.

                (vi)    In the event of a default by Tenant in any payment
required on account of Tenant's Work, Work Changes or Additional Work costs
prior to Tenant's occupancy of Demised Premises, Landlord shall, in addition to
all other legally allowable remedies, have the same rights as in the case of an
Event of Default in Rent under the Lease.

        SECTION 3.02. TENANT'S EARLY ACCESS:

        (a)     Landlord shall permit Tenant to enter the Demised Premises
thirty (30) days before Tenant Work is completed for the sole purpose of
inspection, and for the installation of Tenant's telephone, computer or other
data communication wiring and equipment and furniture installation (subject to
the space being ready including the carpet being installed).

        (b)     If Tenant is permitted access to the Demised Premises prior to
the Commencement Date, it shall be at Tenant's sole risk. Landlord may, but need
not, grant Tenant a license for access to the Demised Premises to Tenant or its
workmen to perform Additional Work. If the Tenant's Agents begin to perform
Additional Work, the foregoing license is conditioned upon Tenant's Agent not
interfering with Landlord's employees and/or agents or the workmen of any other
tenant. This license may be withdrawn by Landlord at any time, upon written
notice to Tenant if Tenant interferes with Landlord's prosecution of Tenant's
Work. Such entry shall be subject to all of the terms, covenants, provisions and
conditions of this Lease. Landlord shall not be liable in any way for any
injury, loss or damage occurring as a result of Tenant's early access to the
Demised Premises. Landlord shall have the right to impose such additional
conditions on Tenant's early entry as Landlord, in its sole discretion, deems
appropriate.

                                       4
<PAGE>

        SECTION 3.03. INSURANCE COVERING WORK BY TENANT:

        Tenant shall not make or cause to be made any alterations, repairs or
installations, or perform Additional Work or any other work to or on the Demised
Premises unless Tenant or Tenant's contractor, shall obtain and have in force
during the performance of such work, General Liability and Worker's Compensation
insurance (for each and every contractor performing work in or about the Demised
Premises). Such policies shall provide for the coverage amounts described in
Section 14.02 hereof, and shall be non-cancelable without ten (10) days prior
notice to Landlord by the insurance company. Tenant shall supply Landlord with
copies of the Certificates of Insurance.

        SECTION 3.04. NO REPRESENTATION:

        Landlord has made and makes no representations, covenants or warranties
with respect to the Demised Premises, the Building or the Real Estate except as
expressly set forth in this Lease.

                                ARTICLE IV. TERM.

        SECTION 4.01. TERM:

        The Term of this Lease shall commence on the Commencement Date and shall
expire on the Expiration Date unless sooner terminated pursuant to the terms
hereof.

        SECTION 4.02. COMMENCEMENT DATE:

        (a)     The Commencement Date shall be targeted for the date set forth
in Section 2.03 hereof, but shall be the earlier of: (i) the date on which the
Tenant Work is substantially completed and Tenant can take occupancy of the
Demised Premises; or (ii) the day on which Landlord obtains a Certificate of
Occupancy (temporary or final) or other form of governmental approval permitting
Tenant's occupancy of the Demised Premises; or (iii) the day on which Tenant
takes occupancy of the Demised Premises; provided that Landlord is not
unreasonably delayed in the completion of Tenant Work due to Tenant's Work
Changes to the Plans and Specifications, Additional Work requests or Tenant's
delays in giving necessary approvals, in which case the Commencement Date will
be accelerated by the number of any such days of delay. Landlord shall inform
Tenant of the anticipated dates on which it expects to install the carpet in the
Demised Premises so that Tenant may install its furniture (the "Carpet Install
Date"), and substantially complete the Tenant Work and/or receive a Certificate
of Occupancy (temporary or final). Notwithstanding the foregoing, Tenant may
elect to delay its occupancy of the Demised Premises for the purpose of
conducting its normal business operations, and thus delay the Commencement Date
as follows:

                (i)     In the event the Carpet Install Date is prior to May 20,
2005 and the Commencement Date would have otherwise occurred prior to June 1,
2005, Tenant may elect to delay taking occupancy of the Demised Premises (but
may install its furniture and equipment), and thus delay the Commencement Date
to the date Tenant takes occupancy of the Demised Premises, but in no event
later than June 1, 2005;

                (ii)    In the event the Carpet Install Date is later than May
20, 2005 but prior to June 1, 2005, Tenant may elect to delay taking occupancy
of the Demised Premises (but may install its furniture and equipment), and thus
delay the Commencement Date to the date Tenant takes occupancy of the Demised
Premises, but in no event later than July 1, 2005 provided that Tenant is
obligated to pay, and does pay, Holdover Rent (as defined in Section 4.02 (b)
below) for the month of June 2005; and

                (iii)   In the event the Commencement Date would have otherwise
occurred later than June 1, 2005 but prior to July 1, 2005, Tenant may elect to
delay taking occupancy of the Demised Premises (but may install its furniture
and equipment), and thus delay the Commencement Date to the date Tenant takes
occupancy of the Demised Premises, but in no event later than July 1, 2005,
provided that Tenant is obligated to pay, and does pay, Holdover Rent (as
defined in Section 4.02 (b) below) for the month of June.

                                       5
<PAGE>

        (b)     In the event Landlord does not substantially complete the Tenant
Work or obtain a Certificate of Occupancy (or other form of governmental
approval permitting Tenant's occupancy of the Demised Premises) by no later than
July 1, 2005 (the "Outside Completion Date"), which date shall be extended on a
day-for-day basis for (1) each day of "Force Majeure," as defined herein, or (2)
for each day of delay caused by Tenant as described above or (3) for each day of
delay attributable to governmental officials providing approvals, and as a
result, Tenant can not take occupancy of the Demised Premises for the purpose of
conducting its normal business operations, provided such delay is not
attributable to Landlord's delay, then Tenant shall be entitled to additional
Base Rent credits as follows: For each day beyond the Outside Completion Date
that Tenant is obligated to pay a holdover rent payment above the rent otherwise
due under its current lease at 18-01 Pollitt Drive, Fairlawn, New Jersey, which
Tenant represents the holdover payment to be a maximum of $22,128 per month (the
"Holdover Rent"), then Landlord agrees to absorb the Holdover Rent and will
provide Tenant with a per diem rent credit not to exceed $737.60 per day,
subject to Landlord's receipt of paid rent substantiating the Holdover Rent (for
example, if the Outside Completion Date is not met by 5 days, but Tenant is
obligated to pay a full month's rent plus the Holdover Rent of $22,128, then
Landlord will provide for Base rent credits of $22,128; however, if Tenant is
only obligated to pay 5 days of holdover rent, then Landlord will provide Base
Rent credits of $3,688).

        (c)     After the commencement of the Term, Landlord and Tenant shall
promptly execute, acknowledge and deliver to each other the Commencement Date
Memorandum attached hereto as Exhibit G, which confirms the actual Commencement
and Expiration Dates of the Lease.

        SECTION 4.03. EXPIRATION DATE:

        The Expiration Date shall be the last day of the Term as set forth in
Section 1.05 from the Commencement Date. If this Lease is canceled or terminated
prior to the Expiration Date by reason of an Event of Default (as hereinafter
defined), Tenant's liability under the provisions of this Lease shall continue
as set forth in Article XVI hereof.

                                ARTICLE V. RENT.

        SECTION 5.01. BASE RENT:

        Tenant shall pay Base Rent to Landlord, in the amount set forth in
Section 1.03, without notice or demand, in equal monthly installments beginning
on the Commencement Date (except that the first monthly installment shall be due
upon the execution of this Lease). If the Commencement Date is a day other than
the first day of the month, the first installment shall be prorated for each day
commencing with the Commencement Date up to and including the last day of that
month. Each subsequent installment shall be due on the first day of each month
during the Term. If the Expiration Date occurs on a day other than the last day
of any month, Base Rent for the last month of the Term shall be pro-rated in the
same manner.

        SECTION 5.02. TAX INCREASE AMOUNT:

        (a)     As used in this Section, Taxes shall be defined as set forth in
Section 2.12.

        (b)     In addition to Base Rent and all other charges Tenant is
required to pay hereunder, Tenant shall pay the "Tax Increase Amount" (as
hereinafter defined) to Landlord as follows:

                (i)     If the Taxes for any Tax Year and/or the estimated Taxes
for any ensuing Tax Year during the Term of this Lease (after the Assessed
Valuation has been established), shall be greater than the Real Estate Tax Base,
then Tenant shall pay to Landlord, as Additional Rent and as provided in
paragraph (ii) below, the "Tax Increase Amount" determined by multiplying the
difference between the Taxes for the applicable Tax Year and the Real Estate Tax
Base by Tenant's Pro Rata Share.

                (ii)    Within ninety (90) days (or as soon as practicable)
after Landlord receives the final tax bill(s) for each Tax Year (after and
including the year in which the Assessed Valuation has

                                       6
<PAGE>

been established), Landlord shall submit to Tenant a statement (the "Tax
Statement"), which shall indicate: (i) the total annual Taxes for such Tax Year,
(ii) the Tax Increase Amount due for said Tax Year, if any, which Tenant shall
pay to Landlord within thirty (30) days after the issuance of the Tax Statement
(iii) the estimated annual increase (or decrease) in the Taxes for the ensuing
Tax Year as reasonably determined by Landlord, (iv) the estimated Tax Increase
Amount due from Tenant for the ensuing Tax Year to be paid monthly on a
one-twelfth (1/12) basis, together with the Base Rent until the next Tax
Statement is issued for the following Tax Year, (v) any overpayment made by
Tenant of any estimated Tax Increase Amount for such Tax Year, in which case
Landlord shall either refund the excess amount to Tenant, or credit the excess
amount against the estimated Tax Increase Amount due for the ensuing Tax Year
(to the extent there are any) as shown on the Tax Statement, (vi) any Extra
Taxes due as set forth below, and (vii) any refunds, adjustments or other
changes to Taxes resulting from any administrative or judicial decree, whether
caused by one or more appeals by Landlord or otherwise, less Landlord's
out-of-pocket costs and reasonable attorney fees for filing any such appeals..
Any Tax Increase Amount for a period of less than a full Tax Year shall be
ratably apportioned.

        (c)     Tenant shall be liable for any portion of the Taxes, charges and
assessments imposed upon the Real Estate during the Term of this Lease which are
attributable to extraordinary improvements in the Demised Premises or the
Building constructed at Tenant's expense and for which the taxing authority has
assigned an increase in valuation in computing the Assessed Valuation ("Extra
Taxes"). Tenant shall pay to Landlord such Extra Taxes within thirty (30) days
after issuance of the Tax Statement as set forth above. Any Extra Taxes due for
a period of less than a full year shall be ratably apportioned. Tenant shall not
be liable for any Extra Taxes attributable to the extraordinary improvements
constructed for any other tenant for which the taxing authority has assigned an
increase in valuation in computing the Assessed Valuation.

        (d)     Tenant's obligations for payment of Tax Increase Amount or Extra
Taxes during the Term shall survive the expiration or early termination of this
Lease.

        SECTION 5.03. OPERATING COST INCREASE AMOUNT:

        (a)     Tenant hereby agrees that for each Operating Year during the
Term of this Lease for which the Operating Costs (as hereinafter defined) shall
be budgeted to exceed the Operating Cost Base (excluding extraordinary and
nonrecurring expenses incurred during any Operating Year), Tenant shall pay to
Landlord, as Additional Rent and in the manner further provided in this Section
5.03, an amount (the "Operating Cost Increase Amount") determined by multiplying
the difference between the budgeted Operating Costs for the applicable Operating
Year and the Operating Cost Base by Tenant's Pro Rata Share. Within ninety (90)
days after the commencement of each Operating Year or as soon as practicable
thereafter, but not to exceed twelve (12) months following said ninety (90) day
period, except for the Base Year, Landlord shall present to Tenant a statement
(the "Operating Statement") showing, INTER ALIA, the Operating Cost Increase
Amount, if any, due hereunder (the date upon which the Operating Statement is
presented to Tenant being hereinafter referred to as the "Billing Date"). Within
thirty (30) days of the Billing Date Tenant shall pay the ratable portion of the
Operating Cost Increase amount for the portion of the Operating Year through and
including the last day of calendar month in which such payment is made.
Thereafter, Tenant shall pay the Operating Cost Increase Amount monthly on a
one-twelfth (1/12) basis which shall be added to and paid simultaneously with
the Base Rent. On the next Operating Statement, Landlord will provide the actual
Operating Costs for the prior Operating Year. If the actual Operating Costs are
greater than the budgeted Operating Costs for that Operating Year
("underpayment"), then Tenant shall pay its Pro Rata Share of the difference to
Landlord within thirty (30) days after the Billing Date. If the actual Operating
Costs are less than the budgeted Operating Costs for that Operating Year
("overpayment"), but in no event less than the Operating Cost Base, then
Landlord shall have the option of either (1) refunding the excess amount to
Tenant within thirty (30) days after the Billing Date or (2) crediting the
excess amount against the next Operating Cost Increase Amount due, if any, as
shown on the Operating Statement. Each Operating Statement shall indicate (i)
the Operating Cost Increase Amount for the current year; (ii) the difference
between the actual Operating Costs and the budgeted Operating Costs for the
preceding Operating Year; (iii) the total Operating Cost Increase Amounts paid
by Tenant hereunder for the account of the preceding Operating Year, if
applicable; and (iv) the amount of any overpayment or underpayment by Tenant

                                       7
<PAGE>

on account of the Operating Increase Amount for the preceding Operating Year.

        (b)     Each Operating Statement furnished by Landlord to Tenant shall
be certified by Landlord as true and correct. If Tenant disputes the amount or
characterization of any item contained in the Operating Statement by giving
written notice thereof to Landlord within ninety (90) days of Tenant's receipt
of the Operating Statement, Tenant shall have the right to review Landlord's
books or designate a firm of independent certified public accountants to audit
Landlord's records upon which the Operating Statement is based, provided Tenant
pays all sums due as shown on the Operating Statement prior to any audit. Such
audit shall be conducted promptly after Tenant's notice of dispute is given to
Landlord. The fee for any audit conducted on Tenant's behalf shall be borne
solely by Tenant, unless the audit discloses that Landlord's Operating Statement
overstated Operating Costs by more than five (5%) percent, in which event
Landlord shall forthwith reimburse Tenant for the cost of Tenant's audit.
Landlord shall have the right, at its sole expense, to have Tenant's audit
reviewed by a mutually agreed upon reputable third party certified public
accountant, whose determination shall be based upon generally accepted
accounting principles and which shall be conclusive and binding on both Landlord
and Tenant. If, as a result of Tenant's inspection of Landlord's books or the
audit of Landlord's records and review by an independent certified public
accountant, an error is discovered in the Operating Statement, Landlord shall
revise the Operating Statement accordingly and any overpayment by Tenant shall
be refunded by Landlord to Tenant forthwith and any underpayment shall be paid
by Tenant on demand. Any audit and subsequent adjustment in payment shall be
deemed to be conclusive of settlement of the dispute. If Tenant does not notify
Landlord of a dispute within ninety (90) days of receipt of any Operating
Statement, Tenant shall be deemed to have accepted Landlord's Operating
Statement.

        (c)     The "Operating Costs" shall include each and every expense
incurred in connection with the ownership, administration, management,
operation, maintenance and repair of the Real Estate, or reasonably charged by
Landlord if Landlord performs management services in connection with the Real
Estate, including management, consulting, legal and accounting fees, and
further, including but not limited to, wages, salaries and fees paid to persons
either employed by Landlord or engaged as independent contractors in the
operation of the Real Estate, and such other typical items of expense as
indicated in Subsection (d) below. If any person or independent contractor is
employed with respect to more properties than the Real Estate, the wages,
salaries or fees paid therefor shall be allocated based on time spent by such
person or contractor on matters relating to the Real Estate or the degree of
responsibility for the Real Estate compared to the other properties involved.

        (d)     Some of the typical items of expense which comprise or may
comprise, the Operating Costs, but not by way of limitation, are or may be the
following, but only to the extent that they relate solely or are properly
allocated to the Real Estate.

                (i)     Repairs and maintenance including the cost of materials
and supplies;

                (ii)    Utility costs, including but not limited to gas,
electricity (other than Tenant Electricity Charges) and water and sewer charges;

                (iii)   Cleaning costs, including but not limited to, windows,
the Demised Premises and Common Areas;

                (iv)    Service contracts including but not limited to
elevators, HVAC, janitorial and window cleaning, rubbish removal, exterminating,
and towel service;

                (v)     Costs of landscaping and snow removal;

                (vi)    Cost of decorating and redecorating Common Areas;

                (vii)   Wages, salaries and other compensation, including taxes,
insurance, retirement, fringe benefits, uniforms payable to employees, but not
above the level of Building Manager;

                (viii)  Reasonable fees and other compensation payable to
independent contractors or other agents of Landlord;

                                       8
<PAGE>

                (ix)    Cost of Landlord's insurance, including but not limited
to, fire and extended coverage, public liability and property, rental value
insurance (including Base Rent, estimated Tax Increase Amount and estimated
Operating Cost Increase Amount), elevator, worker's compensation, boiler and
machinery insurance;

                (x)     Reasonable auditing, accounting, attorneys' and
consultants fees and disbursements incurred in connection with the maintenance
and operation of the Real Estate;

                (xi)    A reasonable industry standard management fee for
providing property management services, whether or not performed by Landlord,
its employees, agents or servants or performed by an independent management
company, provided that such fee as determined as a percentage of annual gross
rents shall remain constant throughout the Term;

                (xii)   Any other expenses of any kind whatsoever reasonably
incurred in managing, operating, maintaining and repairing the Real Estate;

                (xiii)  The cost, if any, of non-tenant area capital
improvements installed by Landlord after the completion of the Building provided
the improvements are installed as a cost saving measure. The cost of any such
capital expenditure shall be amortized over the useful life of such
improvements, with that portion of the cost attributable to any Operating Year
to be included in the Operating Costs for that Operating Year in accordance with
generally accepted accounting principles (GAAP) limited, however, to the
approximate cost savings realized for that Operating Year; and

                (xiv)   The cost of compliance by Landlord with all laws, rules,
regulations, ordinances or requirements of the Federal, State or Municipal
government, or of any department, subdivision, bureau or office thereof, or of
any other governmental, public or quasi-public authorities now existing or
hereafter created, provided that the cost thereof shall be amortized over the
normal useful life of the improvement(s) made as determined by Landlord in
accordance with generally accepted accounting principles.

        (e)     The term "Operating Costs" shall not include or be deemed or
construed to include:

                (i)     Costs incurred in connection with, or to correct defects
in, the original construction of the Building, the Buildings systems or
equipment or the initial development of the Real Estate;

                (ii)    Costs for which Landlord is reimbursed by its insurer,
any tenant's insurer, or any tenant;

                (iii)   Costs attributable to improvements to the Demised
Premises or the premises of other tenants in the Building;

                (iv)    Costs, expenses or expenditures relating to the
enforcement of duties, liabilities or obligations of other tenants in the
Building;

                (v)     Interest, principal or other payments on mortgages,
ground leases or other debt costs;

                (vi)    Depreciation on the Building;

                (vii)   Taxes;

                (viii)  Costs, which are paid directly by any tenant;

                (ix)    Cost of Tenant Electricity Charges as defined in Section
8.02(a) (or other electric charges that are separately metered) for which
Landlord is reimbursed by Tenant or any other tenants in the Building; and

                                       9
<PAGE>

                (x)     Costs incurred by Landlord to lease space to new tenants
or to retain existing tenants, including, without limitation, leasing
commissions, advertising and promotional expenditures, and legal expenses in
connection with lease negotiations.

                (xi)    The costs of repairs or restoration necessitated by
condemnation or casualty damage, other than a customary deductible;

                (xii)   Expenses incurred by Landlord to resolve disputes,
enforce or negotiate lease terms with prospective or existing tenants, or in
connection with any financing or sale of the Property;

                (xiii)  Landlord's general partnership or corporate overhead and
general administrative expenses, except if it is solely for the Building;

                (xiv)   Cost to correct any penalty or fine incurred by Landlord
due to Landlord's violation of any federal, state, or local law or regulation;

                (xvi)   fees or compensation paid to Landlord, or to Landlord's
subsidiaries or affiliates, for services in or to the Real Estate to the extent
that they exceed the competitive market charges for comparable services rendered
by an unaffiliated third party of comparable skill, competence and reputation;

                (xvii)  Cost of installing, operating and maintaining any
specialty such as an observatory, broadcasting facility, luncheon club, athletic
or recreational club, theatre or full service cafeteria; and

                (xviii) Costs of fine works of art; and

                (xix)   Cost of specific types of insurance (i.e. terrorism
insurance) shall not be passed through if such type of insurance was not
included in the Operating Cost Base but may be added to the Operating Cost Base
at the cost for the first year same was purchased by Landlord.

        (f)     Landlord and Tenant agree that with respect to all Building
Operating Costs, the actual costs thereof for the Operating Cost Base, and for
each Operating Year thereafter, shall be adjusted to reflect all Building
Operating Costs for a full year and at one hundred (100%) percent occupancy.

        (g)     Tenant's obligations for payment of Building Operating Costs
during the Term shall survive FOR TWELVE (12) MONTHS FOLLOWING the expiration or
early termination of this Lease.

        SECTION 5.04. PAYMENT OF RENT OR ADDITIONAL RENT:

        (a)     Rent, including Tax Increase Amounts, Extra Taxes, Operating
Cost Increase Amounts, Tenant's Electricity Charge, or any other charges payable
hereunder ("Additional Rent") shall be paid on the first day of each calendar
month in lawful currency of the United States without notice, demand,
counterclaim, offset, deduction, defense, or abatement.

        (b)     All Rent or Additional Rent payable under this Lease shall be
payable to Landlord at its address as set forth in Section 21.04 or at such
other address as Landlord shall designate by giving notice to Tenant.

        (c)     If Tenant shall fail to pay Base Rent, Additional Rent, Tax
Increase Amounts, Operating Cost Increase Amounts, Extra Taxes, Tenant's
Electricity Charge or any other charges payable hereunder, whether or not the
same are called Rent or Additional Rent, Landlord shall have all remedies
provided for in the Lease or at law as in the case of nonpayment of Rent.
Tenant's obligations (accruing during the term) under Article V and Article XXI
hereof shall survive the expiration of earlier termination of this Lease.

                                       10
<PAGE>

        SECTION 5.05. SECURITY DEPOSIT:

        (a)     The sum which is set forth in Section 1.04 which Tenant has
deposited with Landlord is security for the full and faithful performance by
Tenant of all its obligations under this Lease or in connection with this Lease.
If an Event of Default (as herein defined) has occurred, Landlord may use, apply
or retain the whole or any part of the Security Deposit (following notice to
Tenant except in the event of a monetary default in which event no notice shall
be required) in such order and in such combination as Landlord elects, for the
payment of (i) Rent or any other sums of money which Tenant may not have paid or
which may become due after the occurrence of the Event of Default; (ii) any sum
expended by Landlord on Tenant's behalf in accordance with the provisions of
this Lease; or (iii) any sum which the Landlord may expend or be required to
expend by reason of such Event of Default, including any damages or deficiency
in the reletting of the Demised Premises in connection with Article XVI hereof.
In the case of every such application or retention during the Lease Term, Tenant
shall, on demand, pay to Landlord a sum equal to that so applied or retained,
which shall be added to the Security Deposit so that the same shall be restored
to its original amount. Landlord may use, apply or retain the whole or any part
of the Security Deposit for the repair of damage to the Demised Premises upon
Tenant's surrender of the Demised Premises on the Expiration Date, provided
Landlord has given prior notice and Tenant has failed to correct or repair said
damage. The use, application or retention of the Security Deposit or portion
thereof by Landlord shall not prevent Landlord from exercising any other right
or remedy provided for hereunder or at law and shall not operate as a limitation
on any recovery to which Landlord may otherwise be entitled.

        (b)     The Security Deposit shall bear no interest; and if legally
permissible, Landlord shall be entitled to commingle the Security Deposit with
Landlord's other funds.

        (c)     If Tenant shall fully and faithfully comply with all of the
provisions of this Lease, the Security Deposit or any balance thereof shall be
returned to Tenant within thirty (30) days after the Expiration Date or upon any
later date after which Tenant has vacated the Demised Premises. In the absence
of evidence satisfactory to Landlord of any assignment of the right to receive
the Security Deposit or the remaining balance thereof, Landlord may return the
Security Deposit to the original Tenant regardless of one or more assignments of
Tenant's interest in such Security Deposit. In such event, upon the return of
such Security Deposit or balance thereof to the original Tenant, Landlord shall
be completely relieved of liability hereunder.

        (d)     Tenant covenants and agrees that it shall not assign, pledge,
hypothecate, mortgage or otherwise encumber the Security Deposit during the term
of the Lease.

        (e)     The Security Deposit may be transferred to any purchaser of
Landlord's interest in the Building or the Real Estate, and upon such transfer
and notice of same to Tenant, Landlord shall be relieved of any obligation with
respect thereto.

        (f)     Tenant shall have the right to substitute an irrevocable letter
of credit ("Letter of Credit") for the cash security deposit, subject to
Landlord's approval of (i) the institution or bank issuing said Letter of
Credit, and (ii) the form of the Letter of Credit.

                               ARTICLE VI. SIGNS.

        SECTION 6.01. BUILDING DIRECTORY(S) SIGNAGE:

        Landlord shall provide a directory of tenants in the entrance lobby area
of the Building and a floor directory of tenants on each of the floors (if
applicable), which shall include Tenant's name.

        SECTION 6.02. TENANT DOOR SIGNAGE:

        (a)     Tenant, at its sole cost and expense, may install its own door
signage graphics subject to Landlord's prior review and approval, not to be
unreasonably withheld, which shall be the only signage permitted on the exterior
of the Demised Premises.

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<PAGE>

        (b)     Tenant shall reimburse Landlord for all costs associated with
Tenant's door signage, or any requested future changes, including any permits or
licenses which may be required.

        (c)     Tenant shall not have the right to install or maintain any signs
in or about the Real Estate or visible from the outside window of the Demised
Premises.

        (d)     Landlord shall have the right to temporarily remove any sign in
order to paint, or to make repairs, alterations or improvements in or upon the
Building or Demised Premises, at its expense, and shall thereafter reaffix same,
at its expense.

            ARTICLE VII. REPAIRS, ALTERATIONS, COMPLIANCE, SURRENDER.

        SECTION 7.01. REPAIRS AND MAINTENANCE BY LANDLORD:

        Landlord shall make or cause to be made necessary repairs and
maintenance to the Common Areas of the Building. Landlord shall make or cause to
be made necessary repairs, replacements and maintenance to the Building or Real
Estate including the roof, foundation, floors, exterior walls, windows, any
load-bearing interior walls of the Demised Premises; and the electrical,
plumbing, HVAC (except supplemental air conditioning) and mechanical systems,
except for any damage to the Building or Real Estate caused by (i) any act,
omission or negligence of Tenant, Tenant's agents or invitees; (ii) the failure
of Tenant to perform or comply with any terms, conditions or covenants in this
Lease; or (iii) any alterations, installations, additions or improvements made
or to be made by Tenant. Damage set forth in (i), (ii) and (iii) will be
repaired by Landlord at Tenant's expense.

        SECTION 7.02. REPAIRS AND MAINTENANCE BY TENANT:

        (a)     Tenant shall take good care of the Demised Premises. Except for
the repairs and other work to be performed by Landlord as set forth in this
Lease, Tenant, at its expense, shall promptly make all repairs in and about the
Demised Premises as shall be required by reason of (i) the performance or
existence of work performed or to be performed by Tenant, (ii) the installation,
use or operation of Tenant's property in the Demised Premises, (iii) the moving
of Tenant's property in or out of the Building or (iv) the misuse or neglect of
Tenant or any of its employees, agents or contractors. Except for repairs
Landlord is specifically obligated to make, Tenant, at its expense, shall be
responsible for all repairs, maintenance and replacements within the Demised
Premises, including the replacement of lights and fluorescent bulbs and ballasts
which shall be performed by Landlord and reimbursed by Tenant (except that
Tenant shall not be obligated to reimburse Landlord for the replacement of
lights and fluorescent bulbs and ballasts during the first twelve (12) months of
the Term). Tenant shall notify Landlord of all repairs made by Tenant exceeding
five thousand ($5,000) dollars in cost. Tenant shall not remove blinds from
windows. In making repairs, Tenant shall observe and comply with all
requirements, laws or regulations of any applicable public authority and the
terms and conditions of all insurance policies required by Article XIV relating
to or affecting the Real Estate.

        (b)     Tenant shall be responsible and liable for all damages to the
Demised Premises and the Building or any part thereof attributable to the fault,
negligence or misuse of Tenant, its agents employees or servants.

        SECTION 7.03. APPROVAL BY LANDLORD OF IMPROVEMENTS:

        After completion of Tenant's Work, Tenant may not make alterations,
additions or improvements to the Demised Premises ("Alterations"), or any part,
(other than interior improvements or alterations of a decorative nature),
without the prior written consent of Landlord, not to be unreasonably withheld
or delayed, if the reasonable cost of such alterations, additions or
improvements exceeds five thousand ($5,000) dollars or includes any HVAC work,
plumbing work, mechanical work or electrical work or any structural alterations.
Prior to starting any work, Tenant furnish Landlord with (i) copies of any plans
and specifications, (ii) any permits that may be required by law for performing
such work or improvements and (iii) copies of certificates of

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<PAGE>

insurance, for the coverage amounts required herein, for each and every
contractor and/or vendor performing work in or about the Demised Premises for
Tenant. In all events, Landlord shall be permitted to approve, at its sole and
absolute discretion, the contractors to be used by Tenant for HVAC work,
plumbing work, mechanical work or electrical work, which approval shall not be
unreasonably withheld or delayed. Any permitted Alterations shall be performed
in a good and workmanlike manner and using Building standard or better quality
materials in accordance with all requirements of any applicable governmental
authority, the terms and conditions of all required insurance policies and any
other provisions relating to Tenant's work herein contained. In no event shall
Tenant make any Alterations of the outside dimensions of the Building or the
existing bearing walls and columns, exterior walls, roof, structural ceiling or
foundations. As a condition of Landlord's approval of any Alterations, Landlord
shall have the right to require Tenant to restore the Demised Premises to the
conditions prior to any Alterations; provided, however, that if Tenant, at the
time it requests Landlord's consent, also inquires whether Landlord will require
Tenant to restore the Demised Premises, Landlord shall notify Tenant of such
requirement to restore prior to Tenant making any requested Alterations. Tenant,
at its sole cost and expense, shall be allowed to secure the Demised Premises
utilizing card key access, camera surveillance and other security measures
deemed necessary by Tenant, subject to Landlord's reasonable approval of any
such systems.

        SECTION 7.04. EMERGENCY REPAIRS:

        If, in an emergency, it shall become necessary to make any repairs or
replacements otherwise required to be made by Tenant, Landlord may enter the
Demised Premises, and proceed to make or cause such repairs or replacements to
be made at its expense. Landlord shall give Tenant advance notice of such
emergency. Within thirty (30) days after Landlord renders a bill for such
repairs or replacements, Tenant shall reimburse Landlord for the cost of making
such repairs.

        SECTION 7.05. ELECTRICAL LINES:

        Tenant may not install any electrical equipment that overloads the lines
in the Demised Premises, the Building or the Real Estate or which will interfere
with the use thereof by other tenants of the Building unless Landlord approves
same in the Plans and Specifications or as provided for in Section 7.03 above.
If Tenant makes such installation, Landlord may require Tenant, at Tenant's sole
cost and expense, to make whatever alterations and/or repairs are necessary and
which are in compliance with the terms and conditions of all required insurance
policies and all requirements of applicable governmental authorities. Tenant
shall be responsible or liable for all damages anywhere in the Building caused
by any electrical overload attributable to Tenant.

        SECTION 7.06. SURRENDER OF PREMISES:

        On the Expiration Date, Tenant shall quit and surrender the Demised
Premises together with all alterations, fixtures, (except trade fixtures),
installations, additions and improvements which may have been made in or
attached thereto, broom clean, and in good condition and repair, ordinary wear
and tear excepted, unless Landlord provides otherwise in writing. Any personal
property of Tenant, or any subtenant or occupant, which shall remain in or on
the Demised Premises after thirty (30) days of the termination of this Lease
may, at the option of Landlord and without notice, be deemed to have been
abandoned by such Tenant, subtenant or occupant, and may either be retained by
Landlord as its property or be disposed of, without accountability, in such
manner as Landlord may see fit. Tenant shall reimburse Landlord for any cost or
expense incurred by Landlord in carrying out the foregoing. Landlord shall not
be responsible for any loss or damage occurring to any such property owned by
Tenant or any subtenant or occupant. Tenant's obligations under this Section
shall survive the Expiration Date.

                       ARTICLE VIII. SERVICE AND UTILITIES

        SECTION 8.01. LANDLORD'S SERVICES:

        (a)     Landlord shall furnish: (i) heat and air conditioning required
for the comfortable occupancy of the Demised Premises (ie. temperatures within
the range of 68 degrees to 74 degrees

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<PAGE>

Farenheit with relative humidity of not less than twenty-five percent (25%) and
not greater than sixty percent (60%), regardless of exterior air temperatures),
between 8:00 A.M. and 6:00 P.M. Monday through Friday, and Saturday 9:00 A.M. to
1:00 P.M, excluding Holidays (see Exhibit F for "Holiday Schedule") (ii)
electricity for Tenant's office use, including lighting and electrical outlets
for equipment; (iii) access and elevator service including one weekend elevator;
(iv) restroom supplies; (v) cleaning services as set forth in the Building
Janitorial Specifications (annexed hereto as Exhibit E) on weekdays, excluding
Holidays, (vi) removal of ice, snow and debris from the Common Areas, including,
but not limited to, walkways, parking lots, and other paved surfaces; (vii)
landscaping maintenance and services for all plants, shrubs, flower beds and
grounds located in both the interior and exterior of the Building and the Common
Areas; (viii) access to the Building twenty-four (24) hours per day, seven (7)
days per week; (ix) hot and cold water, toilet facilities and sewerage services;
and (x) such other services as Landlord may set forth from time to time.
Landlord shall have the right to reasonably modify the terms and/or frequency of
the services provided (but not to diminish the current services), provided
Landlord gives at least five (5) days notice of any changes.

        (b)     Subject to the last sentence of this Section 8.01, (a) Tenant
shall have the right to use the Demised Premises at all times. If Tenant shall
require heating, venting or air conditioning ("HVAC") beyond the Building hours
and days of operation described above ("After Hours Use"), then Tenant shall
provide reasonable notice to Landlord and Landlord shall furnish HVAC upon the
express condition that Tenant shall be responsible for the costs of any and all
HVAC and Building Services required and attributable to such After Hours Use.
The cost for After Hours Use of HVAC is charged at the rate of $60.00 per hour,
subject, however, to adjustment by the difference between the cost of delivery
of electricity as of the date of this Lease and any increases in the costs
thereof that may occur from time to time. Payment for After Hours Use of
services shall be deemed Additional Rent and shall be paid to Landlord monthly,
together with Base Rent. If Tenant desires to use the Demised Premises on a
regularly scheduled basis for more than two (2) hours at a time, outside of the
Building standard operating hours of 8:00 A.M. to 8:00 P.M. Monday through
Friday and 9:00 AM to 1:00 PM on Saturdays, and Tenant's after-hours use creates
excess security concerns for the safety of the Building, then Landlord reserves
the right, in Landlord's reasonable discretion, to provide manned security
during such hours and charge the cost thereof to Tenant as Additional Rent.
Landlord shall not charge Tenant for the cost of any security services which are
currently being provided or which are not attributable to Tenant's after-hours
use of the Premises.

        (c)     Landlord shall maintain and provide services to the Land and
Common Area, including lobbies, stairs, elevators, corridors, restrooms, and
Parking Areas. Landlord further represents that the Building will feature (i) a
newly renovated lobby and common areas (construction plans have been filed for
permit approvals and Landlord anticipates commencing these improvements in March
2005 and completing these improvements on or about July 2005), and (ii) a food
service during the hours of 8:30 am to 2:30 pm (Landlord is in the process of
identifying a qualified food service provider/operator to provide food service
substantially comparable to the food service in Bergman Real Estate Group's
office building located at 555 Route 1 South, Iselin, New Jersey, and
anticipates having the food service open for business by no later than December
31, 2005 and further agrees to continue such level of food service through the
Lease Term subject to changes and replacements of qualified food service
providers/operators occurring during the Lease Term).

        (d)     Landlord shall not be liable for any damages caused by
interruption of services due to repair, inspection or causes beyond its
reasonable control. Tenant shall continue to be responsible for payment of Rent
during any period of such interruption. If the interruption of services does not
allow Tenant to comfortably use or occupy the Demised Premises in the normal
course for a period of five (5) consecutive business days due to any act or
omission of the Land1ord or any of Landlord's agents, then the Base Rent
hereunder shall be equitably abated until such time as the services are
restored. Such interruption of services shall be defined as (i) no electrical
service to the Demised Premises, (ii) inability to provide access to the Demised
Premises via at least one (1) elevator, (iii) inability to access lavatories on
the floor of the Demised Premises or on an adjacent floor, or (iv) insufficient
HVAC such that the Demised Premises cannot be occupied except under conditions
of "extreme discomfort" for the occupants.

        SECTION 8.02. ELECTRICITY:

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<PAGE>

        (a)     Landlord shall furnish the electricity Tenant shall require in
the Demised Premises and the common areas of the Building for heating and air
conditioning on a rent inclusion basis. Tenant shall pay to Landlord, as
Additional Rent, Tenant's Electricity Charge which amount is defined in Section
1.07 hereof for Tenant's electricity consumption within the Demised Premises for
interior lighting and the use of Tenant's business equipment. This sum shall be
payable to Landlord in advance on a monthly basis together with Base Rent and
shall represent the cost of all electricity furnished to Tenant at the Demised
Premises other than for heating and air-conditioning based on 5.5 watts per
useable square foot.

        (b)     If the Plans and Specifications anticipate extra electric usage
based on either substantially greater needs than 5.5 watts per useable square
foot or regular usage beyond the Building business hours, the amount charged to
Tenant as set forth in Section 1.07 and paragraph (b) above shall be adjusted to
reflect such additional usage.

        (c)     Tenant's Electricity Charge as set forth in Section 1.07 hereof
may be adjusted when the rate charged the Landlord by the local electric company
is modified between the execution of this Lease and the Commencement Date and
further adjusted from time to time to reflect changes in the rate charged the
Landlord subsequent to the Commencement Date (but only if Tenant's usage,
coupled with the rate charged the Landlord, may reasonably be anticipated to
exceed Tenant's Electricity Charge as set forth in Section 1.07). Any resulting
charges for electricity shall be no greater than the cost of the same service if
the Tenant were individually connected to the local electric utility company.

        (d)     Subsequent to Tenant's having taken occupancy and commenced use
of the Demised Premises, Landlord may cause a survey to be made by an
independent electrical engineer or other qualified person of the estimated use
of electricity in the Demised Premises (other than for the heating and air
conditioning provided by Landlord as required herein, but including any
supplemental HVAC systems installed for Tenant's sole use within the Demised
Premises provided the consumption for said supplemental HVAC is not being
measured and billed to Tenant pursuant to a direct meter or sub-meter). The
Tenant Electricity Charge set forth in Section 1.07 hereof shall be adjusted not
more frequently than annually to reflect the outcome of this survey. The cost of
preparing the survey shall be included in Building Operating Costs. Tenant may
also cause a survey to be made by an independent electrical engineer or other
qualified person of the estimated use of electricity in the Demised Premises but
the cost of preparing Tenant's survey shall be paid by Tenant.

        (e)     If Landlord or Tenant requests, Landlord shall install an
electric meter or sub-meter to measure the electricity actually consumed in all
or a portion of the Demised Premises at any time, inclusive of any supplemental
HVAC equipment installed for Tenant's sole use (such as an air conditioning unit
for Tenant's computer equipment room). Landlord shall arrange for such
installation, which shall be at the requesting party's expense. Tenant shall pay
for its electrical usage based on metering or sub-metering to Landlord, as
Additional Rent, on a monthly basis together with Rent, at the tariff applicable
to Landlord, either (i) in lieu of the Tenant's Electricity Charges if said
metering or sub-metering measures Tenant's electric consumption for all interior
lighting and receptacle use of Tenant's business equipment throughout the entire
Demised Premises (excluding the Building heating and air conditioning), or (ii)
in addition to Tenant's Electricity Charges if said metering is to measure
Tenant's use of any supplemental HVAC equipment.

                         ARTICLE IX. USE AND OPERATION.

        SECTION 9.01. USE:

        Tenant shall use the Demised Premises for general offices and for no
other purpose. Tenant shall comply with all applicable zoning regulations or
requirements of any governmental entity having jurisdiction over the Real
Estate, as well as all the requirements set forth in Article XX.

        SECTION 9.02. RULES AND REGULATIONS:

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<PAGE>

        The rules and regulations in effect as of this date are set forth in
Exhibit D annexed hereto. Tenant shall observe all Rules and Regulations
established by Landlord from time to time for the Building and the Real Estate,
provided Tenant shall be given at least five (5) days' notice of any changes
therein.

        SECTION 9.03. RESTRICTION ON TENANT'S ACTIVITIES:

        (a)     GARBAGE:

                (i)     Tenant shall handle and dispose of all rubbish and
garbage in accordance with the Rules and Regulations established by Landlord.

                (ii)    Landlord shall provide rubbish and garbage removal in
accordance with the cleaning specifications incorporated as part of Exhibit E.

                (iii)   Tenant shall arrange for any rubbish and garbage removal
in excess of the quantity to be disposed of by Landlord pursuant to the cleaning
specifications set forth in Exhibit E at Tenant's sole expense.

        (b)     PLUMBING FACILITY USE: Tenant shall not use the plumbing
facilities of the Demised Premises or the Building for any purposes other than
those for which they are intended. Tenant may not dispose of any substances
therein which may clog, erode or damage the pipelines and conduits of the
Demised Premises, the Building or the Real Estate.

        (c)     FLOOR LOAD: Tenant shall not install, operate or maintain in the
Demised Premises any heavy item of equipment which exceeds the floor load of
eighty (80) pounds per square foot, which such floor was designed to carry.

        (d)     EXTERIOR WALLS OR ROOF: Tenant shall not use all or any portion
of the roof or exterior walls of the Demised Premises or the Building for any
purpose without Landlord's prior written consent, which shall not to be
unreasonably withheld. Tenant shall be permitted to install a satellite dish on
the roof of the Building pursuant to the terms of Section 21.23 below.

        SECTION 9.04. COMPLIANCE WITH LAW:

        (a)     Tenant shall comply with all statutes, ordinances, orders,
rules, regulations and other governmental requirements relating to the use,
condition or occupancy of the Demised Premises, and all rules, orders,
regulations, recommendations and requirements of the board of fire underwriters
or insurance service office, or any other similar body, having jurisdiction over
the building in which the Demised Premises are located (collectively "Law"),
including, without limitation, the making of any required capital improvement or
repair at the Demised Premises. Tenant shall not use or occupy, or permit any
portion of the Demised Premises to be used or occupied, (1) in violation of any
law, ordinance, order, rule, regulation, certificate of occupancy or other
governmental requirement, or (2) for any disreputable business or purpose, or
(3) in any manner for any business or purpose that creates risks of fire or
other hazards, or that would in any way violate, suspend, void or increase the
rate of fire or liability or any other insurance of any kind at any time carried
by Landlord upon all or any part of the building in which the Demised Premises
are located or its contents.

        (b)     Landlord shall comply with all present and future Laws
(excluding those relating to Tenant's specific manner of use of the Premises) or
appurtenances or any part thereof.

               ARTICLE X. TRANSFER OF INTEREST, PRIORITY OF LIEN.

        SECTION 10.01. ASSIGNMENT, SUBLETTING, ETC.:

        (a)     Tenant may, with prior written notice to Landlord, sublet the
Demised Premises or assign this Lease only to an affiliated company of Tenant
(such as a parent, division or wholly owned subsidiary of Tenant, or an entity
controlled, controlling or under common control with Tenant) without Landlord's
consent provided, however, Tenant shall continue to be liable and responsible
for the full performance of all obligations under this Lease.

                                       16
<PAGE>

        (b)     Tenant shall not sublet the Demised Premises or any part
thereof, nor assign, mortgage or hypothecate, or otherwise encumber this Lease
or any interest therein, nor grant concessions or licenses for the occupancy of
the Demised Premises or any part thereof to an unaffiliated company without
Landlord's prior written consent, which consent shall not be unreasonably
withheld; provided, however, that upon Tenant's seeking such consent to assign
the Lease or sublet the Demised Premises for the remainder of the Term of the
Lease or a substantial portion thereof (except that Tenant shall be permitted to
enter into one (1) sublease for a term not to exceed 95% of the remaining Term
of this Lease without Landlord's right to recapture as described below),
Landlord shall have the right to a return of the Demised Premises (or, if the
request is for a partial sublet of the Demised Premises, that portion of the
Demised Premises that Tenant is seeking to sublet) and possession thereof. Upon
the return of the Demised Premises, all terms and conditions of this Lease shall
be null and void, except for those provisions of the Lease which shall survive
the Expiration Date, as herein provided. Landlord shall approve or disapprove a
proposed assignment or subletting as described in any Tenant's notice within
twenty (20) business days after Tenant gives to Landlord such notice accompanied
by the information required pursuant to the provisions of Section 10.01(d) or
(e) below.

        (c)     Landlord may, in its sole reasonable determination, withhold
approval to a transfer, assignment or subletting under paragraph (b) above,
under the following conditions:

                (i)     The financial condition of the subtenant or assignee is
not sufficient to meet the obligations of the tenant under this Lease;

                (ii)    The proposed use of the Demised Premises by the
subtenant or assignee would be prejudicial to the safety, character, reputation
and interests of the Building and its tenants or inconsistent with Section 9.01
hereof;

                (iii)   The subtenant's or assignee's occupancy of the Demised
Premises will cause excessive demands on the Real Estate; or

                (iv)    The subtenant is already a tenant in the Building, and
Landlord has available space for lease within the Building to accommodate the
existing tenant.

                        For the purposes of this Lease, a dissolution involving
Tenant or any guarantors, or any transfer of this Lease by operation of law
(other than by reason of merger or reorganization), shall be deemed to be an
assignment of this Lease which triggers the provisions of this Section 10.01
Furthermore, the sale, issuance or transfer of any voting capital stock of
Tenant or voting capital stock of any corporate entity which directly or
indirectly controls Tenant or the sale, issuance or transfer of any interest in
any non-corporate entity which directly or indirectly controls Tenant, which
sale, issuance or transfer results in a change in the direct or indirect voting
control of Tenant, shall be deemed to be an assignment of this Lease which
triggers the provisions of this Section 10.01, except that the foregoing shall
not be applicable to stock which is traded on the New York Stock Exchange, the
American Stock Exchange, or any other nationally recognized stock exchange. If
Tenant is a partnership, trust or unincorporated association, then the sale,
issuance or transfer of a controlling interest therein or of an interest therein
which would result in a change in the voting control of Tenant, or the sale,
issuance or transfer of a majority interest in or a change in the voting control
of any partnership, trust or unincorporated association or corporation which
directly or indirectly controls Tenant, or the sale, issuance or transfer of any
portion of any general partnership or managing interest in Tenant or in any such
entity, shall be deemed to be an assignment of this Lease which triggers the
provisions of this Section 10.01.

        (d)     Any request by Tenant for Landlord's consent to an assignment of
this Lease shall state the proposed assignee's address and be accompanied by a
duplicate original of the instrument of assignment (wherein the assignee
assumes, jointly and severally with Tenant, the performance of Tenant's
obligations hereunder).

        (e)     Any request by Tenant for Landlord's consent to a sublease shall
state the proposed

                                       17
<PAGE>

subtenant's address and be accompanied by a duplicate original of the instrument
of sublease, which sublease must provide that (i) such sublease is subject to
this Lease and that such subtenant shall be bound by all of the terms and
conditions of this Lease to the extent of the Demised Premises being sublet,
(ii) if this Lease is terminated because of Tenant's default, prior to the
expiration date of such sublease, such subtenant shall, at Landlord's option,
fully and completely attorn to Landlord for the balance of the term of the
sublease, and (iii) such subtenant waives provisions of any present or future
law which may give such subtenant any right of election to terminate such
sublease or to surrender possession of such subleased space in the event any
proceeding is brought by Landlord to terminate this Lease.

        (f)     In the event of any assignment or sublease to which Landlord has
consented or is expressly permitted under this Section 10.01, Tenant will not
thereby be released from the payment and performance of any of its obligations
in this Lease; rather, Tenant and its assignee or subtenant, as the case may be,
will be jointly and severally primarily liable for such payment and performance.
Accordingly, Landlord may collect Annual Base Rent and Additional Rent from the
assignee or subtenant, as the case may be, and in either such event, Landlord
may apply any amounts so collected to the Annual Base Rent and Additional Rent
hereunder without thereby waiving any provisions hereof or releasing Tenant from
liability for the performance of its obligations hereunder.

        (g)     Landlord's consent to any assignment or sublease hereunder shall
not be deemed a consent to any further proposed assignment or sublease, which
shall be governed by this Section 10.01.

        (h)     Intentionally Deleted

        (i)     In the event of any assignment or sublease request hereunder,
Tenant shall pay to landlord as Additional Rent, upon demand, any and all
reasonable costs and expenses (including, without limitation, reasonable
attorneys' fees not to exceed $1,000) incurred by Landlord in connection with
such assignment or sublease request.

        (j)     Tenant hereby indemnifies, defends and holds Landlord and
Landlord's agents harmless from and against any and all losses, liability,
damages, costs and expenses (including reasonable attorneys' fees) resulting
from any claims that may be made against Landlord and/or Landlord's agents by
(i) any assignee or subtenant or proposed assignee or subtenant, or (ii) any
brokers or other persons claiming a commission or similar compensation in
connection with the assignee or subtenant or the proposed assignment or sublease
or termination of this Lease.

        (k)     Tenant shall pay to Landlord, immediately upon receipt thereof,
fifty (50%) of the excess profits after deducting all reasonable expenses
incurred, if any, of all compensation received by Tenant for a sublet or
assignment over the total Rent allocable to the portion of the Demised Premises
covered thereby.

        SECTION 10.02. SUBORDINATION:

        (a)     This Lease shall be subordinate to any present or future ground
lease and mortgage. This clause shall be self-operative and no further
instrument shall be required. Notwithstanding the self-operative nature of this
clause, upon Landlord's request, at any time and from time to time , Tenant
shall (i) confirm in writing and in recordable form that this Lease is
subordinate to any ground lease or mortgage and/or (ii) execute an instrument
making this lease subordinate to any ground lease or mortgage, in such form as
may be required by an applicable ground lessor mortgagee.

        (b)     At Tenant's request, Landlord shall provide in writing, for
Tenant's review and approval, from any mortgagee a commercially reasonable
Subordination, Non-Disturbance and Attornment agreement ("SNDA") (which SNDA
shall be in form and substance similar to the Bank of New York's form of SNDA
Agreement provided to Tenant as of the date hereof) in favor of the Tenant for
so long as the Tenant is not in default under this Lease, and provided the
Tenant agrees to attorn to the said mortgagee in the event it comes into
possession of the premises.

                                       18
<PAGE>

However, the failure of Tenant to execute such mortgagees form of SNDA Agreement
shall not in any way impair Section 10.02(a).

        (c)     Landlord shall have the right to assign Tenant's Rent payments
to any mortgagee in which case Tenant, upon Landlord's written notice, shall
make payments directly to such assignee.

        SECTION 10.03. ATTORNMENT:

        If the Demised Premises, the Building or the Real Estate are encumbered
by a mortgage and such mortgage is foreclosed, or if same are sold pursuant to
such foreclosure or by reason of a default under said mortgage, (a) Tenant shall
not disaffirm this Lease or any of its obligations hereunder, and (b) at the
request of the applicable Mortgagee or purchaser at such foreclosure or sale,
Tenant shall attorn to such Mortgagee or purchaser and execute a new lease for
the Demised Premises setting forth all of the provisions of this Lease except
that the term of such new lease shall be for the balance of the Term.

        SECTION 10.04. TRANSFER OF LANDLORD'S INTEREST:

        The term "Landlord" as used in this Lease means only the owner or the
Mortgagee in possession of the Demised Premises, the Building or the Real Estate
for the time being. In the event of any sale of the Demised Premises, the
Building or the Real Estate, or in the event the Building or Real Estate is
leased to any person (subject to this Lease), Landlord shall be and hereby is
entirely freed and relieved of all of its covenants, obligations and liability
hereunder. This subsection shall be applicable to each owner from time to time,
and shall not be limited to the first owner of the Demised Premises, the
Building or the Real Estate.

        SECTION 10.05. MORTGAGEE'S RIGHTS:

        (a)     If Landlord shall notify Tenant that the Demised Premises, the
Building or the Real Estate are encumbered by a mortgage and in such notice set
forth the name and address of the Mortgagee thereof, then, notwithstanding
anything to the contrary, no notice intended for Landlord shall be deemed
properly given unless a copy thereof is simultaneously sent to such Mortgagee by
certified or registered mail, return receipt requested. Until further notice to
Tenant, the Mortgagee named in Section 10.05(d) is a Mortgagee to which copies
of notices shall be delivered. If any Mortgagee shall perform any obligation
that Landlord is required to perform hereunder, such performance by Mortgagee,
insofar as Tenant is concerned, shall be deemed performance on behalf of
Landlord and shall be accepted by Tenant as if performed by Landlord.

        (b)     Upon receipt from Mortgagee regarding notice that an event of
default exists, Tenant is hereby authorized and instructed to pay directly to
Mortgagee all rent thereafter accruing, and the receipt of rent by Mortgagee
shall release Tenant's obligation by the amount paid.

        (c)     Tenant will give to Mortgagee written notice of each and every
default by Landlord under this Lease. Tenant cannot exercise any remedies under
the Lease unless Mortgagee fails to cure such default within a reasonable period
of time after receipt of such notice, provided Mortgagee has an obligation or
duty to cure such default.

        (d)     Tenant acknowledges receipt of notice that the Building is
encumbered by a mortgage held by Mortgagee to which copies shall be delivered
pursuant to Paragraph 21.04.

                            ARTICLE XI. COMMON AREA.

        SECTION 11.01. USE OF COMMON AREA:

        During the Term, the following privileges to use certain portions of the
Real Estate in common with Landlord and any designee of Landlord, subject to the
terms of this Lease and Landlord's Rules and Regulations, are hereby granted to
Tenant and Tenant's Agents:

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<PAGE>

                (i)     the non-exclusive license to use the Common Area as
defined under Section 2.04; and

                (ii)    the non-exclusive privilege to use the entrance and exit
ways designated by Landlord from time to time for access to the Demised Premises
from a public street or highway adjacent to the Real Estate through the
appropriate entrances and exits so designated.

        SECTION 11.02. LANDLORD'S RIGHTS:

        Notwithstanding anything to the contrary, Landlord shall have the
following rights:

                (i)     to close all or any portion of the Common Area including
the Parking Area to such extent as may, in the opinion of Landlord's counsel, be
necessary to prevent a dedication thereof or the accrual of any rights of any
person or the public therein;

                (ii)    to prohibit parking or passage of motor vehicles in
areas previously designated for such;

                (iii)   to temporarily close any of the Common Area for repair,
maintenance, alteration or improvements;

                (iv)    to build additions to the Building or erect additional
buildings or improvements, permanent or temporary, on the Common Area; and

                (v)     to create paths, walks or other means of cross access
through the Real Estate to other properties of the Landlord.

        SECTION 11.03. LICENSE NUMBERS:

        In order to restrict the use by Tenant's employees of areas designated
or which may be designated by Landlord as handicapped, reserved or restricted
Parking Areas, Tenant agrees that it will, at any time requested by Landlord,
furnish Landlord with the license numbers of any vehicle of Tenant and Tenant's
Agents.

        SECTION 11.04. PARKING AREAS:

        (a)     Tenant and Tenant's Agents shall be entitled to use the
unreserved Parking Area adjoining the Building, in common with other tenants,
subject to reasonable rules and regulations which may be in effect or which
Landlord may impose from time to time. Tenant agrees that it shall not burden
the parking available for the Building; accordingly, Tenant agrees that it shall
not use more than the allocated number of parking spaces defined in Section 2.08
hereof. Tenant's visitors shall be entitled to use the visitors parking area in
common with the visitors of other tenants, subject to reasonable rules and
regulations which may be in effect or which Landlord may impose from time to
time.

        (b)     Throughout the Term, Landlord shall keep the Parking Area
properly striped and paved and in good order and repair, and properly drained.
After the end of a snowfall, Landlord will commence to remove accumulated snow
and ice from the Parking Area and diligently prosecute the same to completion so
that, to the extent practicable, the Parking Area shall be reasonably free of
snow and ice. Landlord may deposit accumulated snow on such portions of the
Common Area as may be necessary under the circumstances. If any ice cannot be
removed with reasonable effort on the part of Landlord, it will be sufficient
for Landlord to spread sand and other abrasive substances over the ice.

                       ARTICLE XII. DESTRUCTION OR DAMAGE.

        SECTION 12.01. RENT ABATEMENT:

        If the Demised Premises shall be partially or totally damaged or
destroyed by fire or other

                                       20
<PAGE>

casualty not attributable to the fault, negligence or misuse of Tenant or
Tenant's Agents, the Rent payable hereunder shall be abated to the extent that
the Demised Premises shall have been rendered untenantable and for the period
from the date of such damage or destruction to the date it is rendered
tenantable. Should Tenant reoccupy a portion of the Demised Premises during the
period any restoration work is taking place and prior to the date same is made
completely tenantable, Rent allocable to such portion shall be payable by Tenant
from the date of such occupancy.

        SECTION 12.02. TERMINATION BY LANDLORD:

        If the Building or the Demised Premises shall be damaged or destroyed by
fire or other casualty (whether or not the Demised Premises are damaged or
destroyed) so as to require an expenditure in Landlord's reasonable opinion of
more than 25% of the full insurable value of the Building or if the Demised
Premises are completely destroyed or so badly damaged that, in Landlord's
reasonable opinion, repairs to the Demised Premises cannot be commenced within
sixty (60) days or completed within one hundred twenty (120) days from the date
of the damage or destruction, then in either such case, Landlord may terminate
this Lease by giving Tenant written notice within thirty (30) days after the
date of the casualty, specifying the date of termination of this Lease. In such
event, Tenant shall forthwith quit, surrender and vacate the premises without
prejudice, however, to Landlord's rights and remedies against Tenant as of the
date of termination or as to those rights which survive such termination. In the
event of termination, the Rent payable hereunder shall be abated from the date
of damage or destruction.

        SECTION 12.03. LANDLORD'S OBLIGATION TO REBUILD:

        If all or any portion of the Demised Premises is damaged by fire or
other casualty and if Landlord has not elected to terminate this Lease, Landlord
shall, within a reasonable time after such occurrence, shall repair or rebuild
the Demised Premises or such portion to its condition immediately prior to the
Commencement Date. Tenant may terminate this Lease by giving written notice to
Landlord, if Landlord has not commenced the required repairs within sixty (60)
days or has not restored and/or rebuilt the Demised Premises as herein provided
within one hundred twenty (120) days from the date of such damage or destruction
and such delay is due to Landlord's fault. Landlord shall not be obligated to
expend in such repair or rebuilding any sums greater than the proceeds of any
insurance policy carried by Landlord or for Landlord's benefit.

        SECTION 12.04. LANDLORD'S LIABILITY:

        Landlord shall not be obligated to pay any damages, compensation or
claim for inconvenience, loss of business or annoyance arising from any
casualty, or repair or restoration of any portion of the Demised Premises or of
the Building pursuant to this Article.

                           ARTICLE XIII. CONDEMNATION

        SECTION 13.01. DEFINITIONS:

                As used herein, the following words have the following meanings:

                (i)     TAKING: The deprivation of or damage to the Demised
Premises, the Building or the Real Estate or any portion thereof, as the result
of the exercise by a governmental authority of any power of eminent domain,
condemnation, or purchase under threat thereof.

                (ii)    TAKING DATE: With respect to any Taking, the date on
which the condemning authority shall have the right to possession of the Demised
Premises, the Building or the Real Estate or any portion thereof.

                (iii)   AWARD: The proceeds of any Taking, less all expenses in
connection therewith, including reasonable attorney's fees.

        SECTION 13.02. TAKING OF DEMISED PREMISES:

                                       21
<PAGE>

        (a)     In the event of a Taking of the whole or a substantial part of
the Building, other than a Taking for a temporary use, then as of the Taking
Date, this Lease shall immediately cease and terminate, and the Rent Payable
hereunder shall be adjusted as of the Taking Date and Tenant shall have no claim
for the value of the unexpired term hereof or to any part of the Award or any
claim against Landlord relating to the Taking.

        (b)     In the event of a Taking of all or any substantial part of the
Demised Premises, Landlord shall have the right to terminate this Lease and
shall be entitled to the Award and Tenant shall have no claim for the value of
the unexpired term of this Lease and or to any part of the Award or have any
claim against Landlord relating to the Taking, except as provide for in Section
13.04 hereof.

        (c)     In the event of a Taking of all of the Demised Premises or such
a portion thereof as shall substantially impede or impair Tenant's use and
occupancy of the Demised Premises, then Tenant shall have the right to terminate
this Lease as of the Taking Date and Landlord shall be entitled to the Award and
Tenant shall have no claim for the value of the unexpired term of this Lease and
or to any part of the Award or have any claim against Landlord relating to the
Taking, except as provide for in Section 13.04 hereof.

        (d)     In the event of a Taking of less than all of the Demised
Premises and neither party shall elect to terminate this Lease the Rent payable
hereunder shall be reduced in proportion to the ratio that the rentable square
footage of the Demised Premises so taken bears to the total rentable rentals
square footage of the Demised Premises prior to the Taking.

        SECTION 13.03. TAKING FOR TEMPORARY USE:

        If there is a Taking of the Demised Premises for temporary use, which
shall be defined as four (4) or less consecutive months, this Lease shall
continue in full force and effect, and Tenant shall continue to comply with all
the provisions thereof, except as such compliance shall be rendered impossible
or impracticable by reason of such Taking. Rent shall be abated during the
course of such Taking to the extent and for the period of time that the Demised
Premises shall have been rendered untenantable.

        SECTION 13.04. DISPOSITION OF AWARDS:

        All Awards shall belong to Landlord without any participation by Tenant.
Tenant hereby assigns to Landlord any share of any Award, which may be granted
to Tenant, except Tenant shall be entitled to make a separate claim with regard
to the unamortized cost of any leasehold improvements paid for by Tenant and
Tenant's moving and relocation expenses, provided same does not diminish
Landlord's Award

                        ARTICLE XIV. TENANT'S INSURANCE.

        SECTION 14.01. GENERAL INSURANCE:

        (a)     At all times during the Term of this Lease, Tenant will carry
and maintain, at Tenant's expense, the insurance required hereunder, in the
amounts specified below or such other amounts and in form and substance as
Landlord may from time to time reasonably request and issued by an insurance
company reasonably satisfactory to Landlord. Upon the execution of this Lease,
Tenant shall deliver to Landlord duplicate originals or certificates of all
insurance policies required to be carried hereunder with evidence of payment of
applicable premium. All insurance policies shall be carried in favor of
Landlord, Tenant, and all Mortgagees, as their respective interests may appear.

        (b)     Each insurance policy so issued shall expressly provide: (i)
that it may not be canceled for nonpayment, or for other reason without thirty
(30) days' advance notice to Landlord; (ii) that the insurance company shall not
fail to renew the policy without thirty (30) days' advance notice to Landlord;
(iii) that no material change may be made in the policy; and (iv) that it is not
subject to invalidation as to Landlord's interest by reason of any act or
omission of the Tenant.

        (c)     The term "insurance policy" shall include any extensions or
renewals of such insurance policy.

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<PAGE>

        (d)     Tenant may carry insurance required hereunder under a blanket
policy provided such blanket policy allocates to the Demised Premises coverage
in amounts satisfactory to Landlord, and further provided all other requirements
of insurance are met by such blanket policy.

        (e)     Landlord shall maintain insurance coverage for the Building and
Real Estate as it deems necessary full insurable value thereof under "All-Risk"
policies, and Tenant shall not do or permit to be done any act or thing upon the
Premises which would (i) jeopardize or be in conflict with fire insurance
policies covering the Building and fixtures and property in the Real Estate,
(ii) increase the rate of fire or other casualty insurance applicable to the
Real Estate to a rate higher than it otherwise would be for general office use
of the Building, or (iii) subject Landlord to any liability or responsibility
for injury to any person or persons or to property by reason of any business or
operation Tenant carries on upon the Premises.

        SECTION 14.02. LIABILITY INSURANCE:

        Tenant shall provide on or before it enters the Demised Premises for any
reason and shall keep in force during the Term for the benefit of Landlord and
Tenant, liability insurance naming Landlord and any designee of Landlord as
additional insureds. The Policy shall protect Landlord, Tenant and any designee
of Landlord against any liability occasioned by any occurrence on or about the
Demised Premises or any appurtenance thereto or arising from any of the items
indicated in Section 15.01 against which Tenant is required to indemnify
Landlord. Such policy is to be written in a combined single limit of at least
$2,000,000 for injury or death to one or more than one person arising from any
one occurrence and in the amount of $2,000,000 with respect to property damages.
In addition, Tenant shall maintain and provide a $2,000,000 umbrella policy on
terms reasonably specified by Landlord.

        SECTION 14.03. FIRE INSURANCE:

        Tenant shall insure and keep its equipment, personal property and all
leasehold improvements benefiting the Demised Premises or elsewhere on the Real
Estate insured against damage by fire, water damage and other casualties and
risks covered by "All Risk" and extended coverage insurance. Landlord will not
carry insurance of any kind on Tenant's property, and, except as provided by law
or by reason of its fault or its breach of any of its obligations hereunder,
shall not be obligated to repair any damage thereto or replace the same.

        SECTION 14.04. WORKER'S COMPENSATION INSURANCE:

        Tenant shall maintain Worker's Compensation insurance insuring against
and satisfying Tenant's obligations and liabilities under the applicable
Worker's Compensation laws.

        SECTION 14.05. OTHER INSURANCE:

        Tenant shall carry insurance against such other hazards and in such
amounts as may be customarily carried by Tenants, owners and operators of
similar properties, as Landlord may reasonably require for its protection from
time to time.

        SECTION 14.06. WAIVER OF SUBROGATION:

        Landlord and Tenant each hereby releases the other, its officers,
directors, employees and agents, from liability or responsibility (to the other
or anyone claiming through or under them by way of subrogation or otherwise) for
any loss or damage to property covered by insurance either carried by such party
or required under this Lease to be carried by such party, even if such loss or
damage shall have been caused by the fault or negligence of the other party, or
anyone for whom such party may be responsible. However, this release shall apply
only if the releasor's insurance policies contain a clause or endorsement
providing that any such release shall not adversely affect or impair such
policies or prejudice the right of the releasor to recover thereunder. Landlord
and Tenant each agrees that any fire and extended coverage insurance policies
carried by each of them

                                       23
<PAGE>

respectively and covering the Demised Premises or their contents will include
such a clause or endorsement as long as the same shall be obtainable without
extra cost, or, if an extra cost shall be charged therefor, the other party
shall pay for such extra cost upon notice of the extra cost.

        SECTION 14.07. INSURANCE RATE:

        If, as a result of (i) any act or omission by Tenant or breach of any
terms of this Lease; (ii) the use to which Tenant has put Demised Premises; or
(iii) Tenant's failure to comply with Landlord's insurance requirements,
Landlord's insurance rates applicable to the Real Estate are raised, Tenant
shall reimburse Landlord, on demand, for the increased cost of Landlord's
insurance premiums. For the purposes of this Section, any finding or schedule of
the fire insurance rating organization having jurisdiction over the Real Estate
shall be deemed to be conclusive.

                   ARTICLE XV. INDEMNIFICATION AND LIABILITY.

        SECTION 15.01. INDEMNIFICATION:

        (a)     Tenant hereby indemnifies and agrees to defend and hold
Landlord, its employees or agents, and any Mortgagee harmless from and against
any and all claims, suits, proceedings, actions, causes of action,
responsibility, liabilities, payments, demands and expenses (including
attorney's fees) in connection with or arising from:

                (i)     Tenant's possession, use, occupation, management,
repair, maintenance or control of the Demised Premises, the Building or the Real
Estate, or any portion thereof;

                (ii)    any act, omission or negligence of Tenant, Tenant's
agents, invitees or visitors;

                (iii)   any default, breach, violation or nonperformance of this
Lease or any provision herein by Tenant;

                (iv)    injury or damages to person(s) or property or loss of
life sustained in or about the Demised Premises.

        (b)     Tenant shall defend any actions, suits and proceedings which may
be brought against Landlord or any Mortgagee with respect to the foregoing or in
which they may be impleaded. Tenant shall pay, satisfy and discharge any
judgments, orders and decrees which may be recovered against Landlord or any
Mortgagee in connection with the foregoing. Landlord shall promptly notify
Tenant of any claims for which Landlord seeks indemnification pursuant to this
Section 15.01 provided, however, the failure to so notify Tenant shall not in
any way modify or impair Tenant's obligations pursuant to this Section 15.01 or
otherwise. Tenant shall have the right to settle, dispose, arbitrate, or
otherwise control any such litigation, subject to the reasonable consent of
Landlord with respect to any matters which may affect Landlord or any of
Landlord's interests.

        (c)     Landlord shall defend, indemnify, and hold Tenant and Tenant's
Agents harmless against and from any and all injuries, costs, expenses,
liabilities, losses, damages, injunctions, suits, actions, fines, penalties, and
demands of any kind or nature (including reasonable attorneys' fees) by or on
behalf of any person, entity, or governmental authority occasioned by or arising
out of injuries occurring in the Common Areas or any other portion of the
Building outside the Demised Premises arising from any intentional act, or gross
negligence of Landlord or Landlord's agents, employees, or independent
contractors. This indemnity shall survive termination of this Lease. Tenant
shall promptly notify Landlord of any claims for which Tenant seeks
indemnification pursuant to this Section 15.01. Landlord shall have the right to
settle, dispose, arbitrate, or otherwise control any such litigation subject to
the reasonable consent of Tenant with respect to any matters which may affect
Tenant or any of Tenant's interests.

        SECTION 15.02. WAIVER AND RELEASE:

        (a)     Tenant hereby waives and releases all claims against Landlord
with respect to all matters for which Landlord has disclaimed liability pursuant
to the provisions of this Lease.

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<PAGE>

        (b)     Tenant will not be entitled to make, nor will Tenant make, any
claim, and Tenant waives any claim, for money damages (nor will Tenant claim any
money damages by way of setoff, counterclaim or defense) based upon any claim or
assertion by Tenant that Landlord has unreasonably withheld or unreasonably
delayed its consent or approval with respect to any provision of this Lease
providing for such consent or approval. Tenant's sole remedy will be an action
or proceeding to enforce any such provision, or for specific performance,
injunction or declaratory judgment (which Tenant may seek on an expedited
basis).

        SECTION 15.03. LIABILITY OF LANDLORD:

        (a)     Neither Landlord nor any agent or employee of Landlord shall be
liable to Tenant for (i) any injury or damage to Tenant or to any other person
or (ii) any damage to, or loss (by theft or otherwise) of, any property of
Tenant or any other person, irrespective of the cause of such injury, damage, or
loss, unless caused by or due to the willful misconduct or gross negligence of
Landlord, its agents or employees.

        (b)     Landlord, (and, in case Landlord shall be a joint venture,
partnership, tenancy-in-common, association or other form of joint ownership)
and the members of any joint venture, partnership, tenancy-in-common,
association or other form of joint ownership shall have absolutely no personal
liability with respect to any provision of this Lease, or any obligation or
liability arising therefrom or in connection therewith. Tenant shall look solely
to the equity of the owner in the Real Estate for the satisfaction of any
remedies of Tenant in the event of a breach by the Landlord of any of its
obligations. Such exculpation of liability shall be absolute and without any
exception whatsoever.

        (c)     All property (whether real, personal or mixed) at any time
located in or upon the Demised Premises shall be at the risk of the Tenant only,
and Landlord shall not become liable for any damage to said property or to
Tenant, or to any other person or property, caused by water leakage, steam,
sewerage, gas or odors or for any damage whatsoever done or occasioned by or
from any boiler, plumbing, gas, water, steam or other pipes, or any fixtures or
equipment or appurtenances whatsoever, or for any damage arising from any act or
neglect or arising by reason of the use of, or any defect in, the Demised
Premises or any of the fixtures, equipment or appurtenances therein contained,
or by the act or neglect of any other person or caused in any other manner
whatsoever or occasioned by theft, Act of God, riot, strike or other labor
difficulty.

        (d)     Except as otherwise expressly provided herein, this Lease and
the obligations of Tenant hereunder shall be in no way affected, impaired or
excused because Landlord is unable to fulfill, or is delayed in fulfilling, any
of its obligations under this Lease.

                         ARTICLE XVI. DEFAULT, REMEDIES.

        SECTION 16.01. DEFAULT:

        Each of the following shall constitute an Event of Default:

                (i)     the failure of Tenant to pay any Rent, Additional Rent
or any other charge required to be paid by Tenant hereunder, when the same shall
be due and payable payable beyond a grace period of ten (10) days;

                (ii)    the failure by Tenant to perform or observe any
requirement of this Lease not specifically referred to in this Section, and such
failure continuing for thirty (30) days after notice from Landlord to Tenant
specifying the items in default, provided however, that if such failure cannot
be cured within said thirty (30) day period, such longer period (but in no event
longer than two (2) months) as may reasonably be necessary to cure such failure
provided Tenant is diligently proceeding in good faith to cure the default;

                (iii)   the commencement by Tenant of a case in bankruptcy, or
under the insolvency laws of any State naming Tenant as the debtor;

                                       25
<PAGE>

                (iv)    the commencement by anyone other than the Tenant of a
case in bankruptcy or under the insolvency laws of any State naming Tenant as
the debtor, which case shall not have been discharged within sixty (60) days of
the commencement thereof;

                (v)     the making by Tenant of an assignment for the benefit of
creditors or any other arrangement involving all or substantially all of its
assets under any state statute;

                (vi)    the appointment of a receiver or trustee for the Tenant
or for all or any portion of the property of Tenant in any proceeding, which
receivership shall not have been set aside within sixty (60) days of such
appointment;

                (vii)   the refusal by Tenant to take possession of the Demised
Premises upon completion of Tenant Work or the vacation and abandonment (coupled
with the non-payment of Rent or other sums due under the Lease) of the Demised
Premises by Tenant, permitting the same to remain unoccupied and unattended; or

                (viii)  if Tenant is a corporation, the transfer by sale,
assignment, operation of law or other disposition of any part or all of its
shares of stock so as to result in a change in the effective voting control of
Tenant on the date of this Lease;

        SECTION 16.02. LANDLORD'S REMEDY:

        At any time after the occurrence of an Event of Default, Landlord may
give written notice to Tenant specifying such Event(s) of Default and stating
that the Lease and the term shall terminate ten (10) business days after the
giving of such notice, unless Tenant cures the Event of Default. At the
expiration of such ten (10) business days, if Tenant has not cured the Event of
Default, this Lease and the Term and all of the right, title and interest of the
Tenant hereunder shall wholly cease and expire, and Tenant shall quit and
surrender the Demised Premises to the Landlord. Notwithstanding such
termination, surrender, and the expiration of Tenant's right, title, and
interest, Tenant's liability and responsibility under all of the provisions of
this Lease shall continue.

        SECTION 16.03. LANDLORD'S RE-ENTRY:

        If this Lease shall be terminated as provided in Section 16.02, above,
Landlord, or its agents or employees, may re-enter the Demised Premises at any
time and remove therefrom Tenant, Tenant's agents, and any subtenants,
licensees, concessionaires or invitees, together with any of its or their
property, either by summary dispossess proceedings or by any suitable action or
proceeding at law or otherwise. In the event of such termination, Landlord may
repossess and enjoy the Demised Premises. Landlord shall be entitled to the
benefits of all provisions of law respecting the speedy recovery of lands and
tenements, or proceedings in forcible entry and detainer. Tenant waives any
rights to the service of any notice of Landlord's intention to re-enter provided
for by any present or future law. Landlord shall not be liable in any way in
connection with any action it takes pursuant to the foregoing. Notwithstanding
any such re-entry, repossession, dispossession or removal, Tenant's liability
and responsibility under all of the provisions of this Lease shall continue.

        SECTION 16.04. LANDLORD'S ADDITIONAL REMEDIES:

        (a)     In case of re-entry, repossession or termination of this Lease,
whether the same is the result of the institution of summary or other
proceedings, Tenant shall remain liable (in addition to accrued liabilities) to
the extent legally permissible for: (i) the Rent, and all other charges provided
for herein until the date this Lease would have expired had such termination,
re-entry or repossession not occurred; and all expenses which Landlord may have
incurred in re-entering the Demised Premises, repossessing the same; making good
any Default of Tenant; painting, altering or dividing the Demised Premises;
combining or placing the same in proper repair; protecting and preserving the
same by placing therein watchmen and caretakers; reletting the same (including
attorney's fees and disbursements, Marshall's fees, brokerage fees, in so
doing); and any expenses which Landlord may incur during the occupancy of any
new tenant; less (ii) the net proceeds of any reletting. Tenant agrees to pay to
Landlord the difference between items (i) and (ii) hereinabove

                                       26
<PAGE>

with respect to each month, at the end of such month. Any suit brought by
Landlord to enforce collection of such difference for any one month shall not
prejudice Landlord's right to enforce the collection of any difference for any
subsequent month. In addition to the foregoing, Tenant shall pay to Landlord
such sums as the court may adjudge reasonable as attorney's fees with respect to
any successful lawsuit or action instituted by Landlord to enforce the
provisions hereof.

        (b)     Landlord shall use commercially reasonable efforts to relet the
whole or any part of said Demised Premises for the whole of the unexpired period
of this Lease, or longer, or from time to time for shorter periods, for the then
current fair market rent, giving such concessions of rent and making such
special repairs, alterations, decorations and paintings for any new tenant as it
may in its reasonable discretion deem advisable (all of which, without
limitation, Tenant shall be liable for pursuant to Section 16.04(a)(i)) and may
collect and receive the rents therefor.

        SECTION 16.05. WAIVER OF RIGHT OF REDEMPTION:

        Tenant hereby expressly waives (to the extent legally permissible), for
itself and all persons claiming by, through, or under it, any right of
redemption or for the restoration of the operation of this Lease under any
present or future law in case Tenant shall be dispossessed for any cause, or in
case Landlord shall obtain possession of the Demised Premises as herein
provided.

        SECTION 16.06. LANDLORD'S RIGHT TO PERFORM FOR ACCOUNT OF TENANT:

        If an Event of Default shall occur hereunder, Landlord may, at any time,
cure said Event of Default for the account and at the expense of Tenant. Tenant
shall pay, on demand, to Landlord, with interest at the maximum legal rate, if
any, otherwise at 18% per year, the amount so paid, expended, or incurred by the
Landlord and any expense of Landlord including reasonable attorney's fees
incurred in connection with such Default; and all of the same shall be deemed to
be Additional Rent.

        SECTION 16.07. ADDITIONAL REMEDIES, WAIVERS, ETC.:

        With respect to the rights and remedies of and waivers by Landlord:

                (i)     The rights and remedies of Landlord set forth herein
shall be in addition to any other right and remedy now and hereafter provided by
law or equity. All such rights and remedies shall be cumulative and not
exclusive of each other. Landlord may exercise such rights and remedies at such
times, in such order, to such extent, and as often as Landlord deems advisable
without regard to whether the exercise of one right or remedy proceeds, concurs
with or succeeds the exercise of another.

                (ii)    A single or partial exercise of a right or remedy shall
not preclude (1) a further exercise thereof, or (2) the exercise of another
right or remedy, from time to time.

                (iii)   No delay or omission by Landlord in exercising a right
or remedy shall exhaust or impair the same or constitute a waiver of, or
acquiescence to a Default.

                (iv)    No waiver of a Default shall extend to or affect any
other Default or impair any right or remedy with respect thereto.

                (v)     No action or inaction by Landlord shall constitute a
waiver of Default.

                (vi)    No waiver of a Default shall be effective unless it is
in writing and signed by Landlord.

        SECTION 16.08. DISTRAINT:

        Intentionally Deleted.

                  ARTICLE XVII. TENANT'S ESTOPPEL CERTIFICATE.

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<PAGE>

        At any time within ten (10) days after written request by Landlord,
Tenant shall certify to Landlord, any mortgagee, assignee of a mortgagee, any
purchaser, or any other person, specified by Landlord, by written instrument,
duly executed and acknowledged, (i) whether or not Tenant is in possession of
the Demised Premises; (ii) whether or not this Lease is unmodified and in full
force and effect (or if there has been modification, that the same is in full
force and effect as modified and setting forth such modification); (iii) whether
or not there are then existing set-offs or defenses against the enforcement of
any right or remedy of Landlord, or any duty or obligation of Tenant (and if so,
specifying the same); (iv) the dates, if any, to which any Rent of other charges
have been paid in advance; and (v) such other matters relating to this Lease as
may be reasonably requested by Landlord, any Mortgagee or any of their
designees. Other than in connection with the sale and/or financing of the
Building, but Tenant shall only be obligated to provide such Tenant Estoppel
Certificate same once in any calendar year.

                         ARTICLE XVIII. RIGHT OF ACCESS

        Landlord may enter upon the Demised Premises, or any portion thereof
(with laborers and materials, as required), with notice to Tenant and at
reasonable times, for the purpose of: (i) inspecting same; (ii) making such
repairs, replacements or alterations which it may be required to perform as
herein provided or which it may deem desirable for the Demised Premises; (iii)
showing the Demised Premises to prospective purchasers or lenders; or (iv)
showing the Demised Premises to prospective replacement tenants within nine (9)
months of the Expiration Date of this Lease, unless Tenant has renewed or
extended the Term of Lease. Should Tenant vacate or abandon the Demised Premises
during the last three (3) months of the Term, Landlord may enter upon the
Demised Premises with notice to Tenant, for the purpose of making improvements,
repairs, replacements or alterations in order to prepare the Demised Premises
for the next tenant.

                    ARTICLE XIX. COVENANT OF QUIET ENJOYMENT.

        Landlord covenants that if Tenant pays the Rent and all other charges
provided for herein, performs all of its obligations provided for hereunder, and
observes all of the other provisions hereof, Tenant shall, at all times during
the Term, peaceably and quietly have, hold and enjoy the Demised Premises,
without any interruption or disturbance from Landlord, subject to the terms
hereof.

                       ARTICLE XX. ENVIRONMENTAL MATTERS.

        SECTION 20.01. INDUSTRIAL SITE RECOVERY ACT:

        (a)     "Hazardous Substances" shall include any chemical substance,
material or waste or component thereof which is now or hereafter listed, defined
or regulated as a hazardous or toxic chemical, substance, material or waste or
component thereof by any present or future Federal, State or local environmental
law, statute, act, rule, requirement, order, direction, ordinance or regulation
and all amendments thereto ("Environmental Laws").

        (b)     Tenant covenants, represents and warrants that (i) its operation
of the Demised Premises shall not involve any Hazardous Substances, (ii) Tenant
is not and shall not be an "industrial establishment" (as such term is defined
in the INDUSTRIAL SITE RECOVERY ACT, N.J.S.A. 13:1K-6 ET SEQ. (which Act and all
present and future amendments thereto and regulations promulgated thereunder are
hereinafter referred to as "ISRA")), and (iii) Tenant's Standard Industrial
Classification number as designated in the Standard Industrial Classification
manual prepared by the Office of Management and Budget in the Executive Office
of the President of the United States is, and shall be during the term of this
Lease, ____________________.

        (c)     In amplification of Section 20.01 (b) above and any other
applicable provision of this Lease and not by way of limitation, in the event
Tenant, in violation of this Lease, becomes an "industrial establishment" (as
such term is defined in ISRA), Tenant shall, at Tenant's sole cost and expense,
without same constituting a waiver by Landlord of such default by Tenant under
this Lease, comply with ISRA. Should the New Jersey Department of Environmental
Protection and

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<PAGE>

Energy, or any agency or subdivision thereof or any agency or subdivision
responsible for enforcing ISRA (collectively, the "DEP") determine that a
cleanup plan be prepared, then Tenant (or, at Landlord's option, Landlord on
behalf of Tenant) shall, at Tenant's sole cost and expense, prepare and submit
the required plans and financial assurances, and fully implement the approved
cleanup plan prior to the expiration or earlier termination of this Lease;
however, Tenant shall not be responsible for any releases, spills or discharges
(hereinafter sometimes collectively referred to as "discharges") of Hazardous
Substances which occur prior to the commencement of the term of this Lease.
Tenant shall further obtain, at Landlord's request, an administrative consent
order from the DEP permitting Tenant to vacate the Demised Premises prior to a
cleanup or other remediation, all at Tenant's sole cost and expense including,
without limitation, paying all filing fees and providing any required financial
assurances.

        (d)     If the closing, terminating or transferring of Tenant's
operations at the Demised Premises does not trigger ISRA, or if the closing,
terminating or transferring of Tenant's operations at the Demised Premises does
trigger ISRA but no cleanup or other remediation of any Hazardous Substances is
required by the DEP pursuant to ISRA, then at Landlord's request, Tenant shall
obtain, at Tenant's sole cost and expense, within thirty (30) days prior to such
closing, terminating or transferring of Tenant's operations at the Demised
Premises either a written statement by the DEP that the closing, terminating or
transferring of Tenant's operations at the Demised Premises does not trigger
ISRA or a "negative declaration" (as defined in ISRA) stating in part, that
there are no Hazardous Substances at the Demised Premises which require any
cleanup or other remediation.

        (e)     In the event ISRA compliance becomes necessary at the Demised
Premises due to any action or inaction on the part of Tenant, then, at
Landlord's election (i) Landlord shall comply with the requirements of ISRA
inasmuch as such compliance relates to any Hazardous Substances released,
discharged, stored or disposed of at the Demised Premises during the term of
this Lease, and Tenant shall be responsible for paying the costs of such
compliance within five (5) days after Landlord's demand therefor, or (ii) Tenant
shall be responsible for promptly, and within the time frame established by
Landlord, complying with ISRA inasmuch as such compliance relates to any
Hazardous Substances released, discharged or disposed of at the Demised Premises
during the term of this Lease, and Tenant shall be responsible for paying the
costs of such ISRA compliance. Tenant shall also promptly after Landlord's
request (but in no event later than five (5) days after Landlord's request)
provide all information requested by Landlord, sign any affidavit prepared by
Landlord concerning ISRA and Tenant's use and occupancy of the Demised Premises
and pay all costs of such ISRA compliance that are attributable to Tenant's use
and occupancy of the Demised Premises. Landlord and the DEP, and any employee,
representative, agent or contractor of Landlord or the DEP, may enter the
Demised Premises for the purpose of complying with ISRA.

        (f)     In the event Tenant, in violation of this Lease, becomes an
industrial establishment and fails to comply with paragraphs "(c)" or "(e)"
above, as applicable, prior to the expiration or earlier termination of this
Lease, Tenant, at Landlord's option, shall be deemed to be a "holdover tenant"
and the provisions of Section 21.08 of this Lease shall be applicable to
Tenant's occupancy of the Demised Premises from the expiration or earlier
termination of the Term of this Lease. In addition, Tenant shall indemnify and
hold Landlord and Managing Agent harmless from and against any loss, cost,
liability or expense resulting from such violation and failure to comply with
ISRA including, without limitation, any attorneys' fees and any claims made by
any succeeding tenant.

        (g)     In the event that there shall be filed a lien against the
Demised Premises because of any Hazardous Substances released, discharged,
stored or disposed of at the Demised Premises during the term of this Lease,
Tenant shall, within thirty (30) days from the date Tenant is given notice of
the lien (or in such shorter period of time in the event that the holder of such
lien, including without limitation, the United States, State of New Jersey, or
any agency or subdivision thereof, has commenced steps to cause the Demised
Premises and Building to be sold pursuant to the lien) shall pay the claim and
remove the lien from the Demised Premises. If Tenant fails to do so by said
period, Landlord shall be entitled to resort to such remedies as are provided in
this Lease as in the case of any default of this Lease, in addition to any
remedies as are permitted by law, in equity or otherwise.

        (h)     Tenant shall indemnify, defend and save harmless Landlord and
Managing Agent from

                                       29
<PAGE>

and against all fines, suits, procedures, claims, actions, damages, liabilities,
judgments, reasonable costs and expenses (including without limitation,
reasonable attorneys' fees) of any kind arising out of or in any way connected
with the presence of Hazardous Substances at the Demised Premises during the
term of this Lease (including, without limitation, Hazardous Substances
originating on the Demised Premises or migrating to the Demised Premises from
other property, but not including any Hazardous Substances existing prior to the
term of this Lease); and from all fines, suits, procedures, claims, actions,
damages, liabilities, judgments, reasonable costs and expenses (including
without limitation, reasonable attorneys' fees) of any kind arising out of
Tenant's failure to provide all information, make all submissions and take all
actions required by any Environmental Law or Laws.

        (i)     Tenant's obligations and liabilities under this Article 20 shall
continue after expiration or earlier termination of the term of this Lease for
so long as Landlord remains responsible for any spills or discharges of
Hazardous Substances released, discharged, stored or disposed of at the Demised
Premises by Tenant (or any other occupant of the Demised Premises during the
term of this Lease) or Tenant's (or any such occupant's) Agents.

        (j)     In addition to the foregoing environmental obligations on
Tenant's part to be performed, Tenant shall also promptly furnish to Landlord
(i) true and complete copies of all documents, submissions, and correspondence
provided to any environmental agency including, but not limited to, the DEP and
the United States Environmental Protection Agency, and (ii) true and complete
copies of all sampling and test results obtained from samples and tests taken
at, around, in or upon the Demised Premises.

        (k)     Landlord shall indemnify, defend and save harmless Tenant from
and against all fines, suits, procedures, claims, actions, damages, liabilities,
judgments, reasonable costs and expenses (including reasonable attorneys' fees)
of any kind arising out of any spills or discharges of Hazardous Substances at
the Demised Premises occurring prior to the Commencement Date and which are in
no way attributable, directly or indirectly, to Tenant or Tenant's Agents.

                           ARTICLE XXI. MISCELLANEOUS.

        SECTION 21.01. INTERPRETATION:

        (a)     Every term, condition, agreement or provision contained in this
Lease which imposes an obligation on Tenant shall be deemed to be also a
covenant by Tenant.

        (b)     Any reference herein to subtenants or licensees shall not be
deemed to imply that any subtenants or licensees are permitted hereunder. Any
reference herein to any extension or renewal of the Term or any period during
which Tenant may be in possession after the Expiration Date shall not be deemed
to imply that any extension or renewal of the Term is contemplated hereby or
that Tenant shall be permitted to remain in possession after the expiration of
the Term.

        (c)     If any provision of this Lease or the application thereof to any
person or circumstances shall to any extent be invalid or unenforceable, the
remainder of this Lease, or the application of such provision to persons or
circumstances other than those to which it is invalid or unenforceable, shall
not be affected thereby, and each provision of this Lease shall be valid and be
enforced to the fullest extent permitted by law.

        (d)     The captions and headings used throughout this Lease are for
convenience of reference only and shall not affect the interpretation of this
Lease.

        (e)     This Lease has been executed in several counterparts; but the
counterparts shall constitute but one and the same instrument.

        (f)     Wherever a requirement is imposed on any party hereto, it shall
be deemed that such party shall be required to perform such requirement at its
own expense unless it is specifically otherwise provided herein.

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<PAGE>

        (g)     The singular includes the plural and the plural includes the
singular.

        SECTION 21.02. CONSTRUCTION OF WORDS AND PHRASES:

        (a)     Wherever it is provided herein that a party may perform an act
or do anything, it shall be construed that such party may, but shall not be
obligated to, so perform or so do.

        (b)     The words "reenter" and "reentry" as used herein are not
restricted to their technical legal meaning.

        (c)     The word "person" shall be construed as an individual,
fiduciary, estate, trust, partnership, firm, association, corporation, limited
liability company, other organization, or a government or governmental or
quasi-governmental authority.

        (d)     The following words and phrases shall be construed as follows:
(i) "At any time" shall be construed as, "at any time or from time to time";
(ii) "Any" shall be construed as "any and all"; and (iii) "Including" shall be
construed as "including but not limited to".

        SECTION 21.03. WRITTEN AGREEMENT REQUIRED:

        No amendment, alteration, modification of or addition to the Lease will
be valid or binding unless expressed in writing and signed by Landlord and
Tenant.

        SECTION 21.04. NOTICE:

        Every notice, request, consent, approval, waiver or other communication
under this Lease shall be deemed to have been given if in writing and upon
mailing by registered or certified mail, return receipt requested, postage
prepaid, or upon delivery by independent overnight courier, (e.g., Federal
Express), addressed:

        (a)     If to Landlord, to the address designated as Landlord's Notice
Address, or such other address as Landlord designates, with a copy to such other
persons as Landlord shall designate.

        (b)     If to Tenant, to the address designated as Tenant's Notice
Address, or such other address as Tenant designates, with a copy thereof to the
address designated as Tenant's Notice Copy Address or to such other persons as
Tenant shall designate.

                (i)     LANDLORD'S NOTICE ADDRESS:
                        Fairfield 80 Venture, L.L.C.
                        c/o Bergman Realty Corporation
                        555 Route One South
                        Iselin, NJ 08830
                        Attn: Michael Bergman

                (ii)    LANDLORD'S MORTGAGEE COPY ADDRESS:
                        The Bank of New York ("Mortgagee")
                        385 Rifle Camp Road
                        West Paterson, NJ 07424

                (iii)   TENANT'S NOTICE ADDRESS:
                        Cover-All Technologies, Inc.
                        55 Lane Road
                        Fairfield, NJ 07004
                        Attn:  John Roblin, Chief Executive Officer

                (iv)    TENANT'S NOTICE COPY ADDRESS:
                        Cover-All Technologies, Inc.
                        55 Lane Road
                        Fairfield, NJ 07004
                        Attn: Anne Massey, Chief Financial Officer

                                       31
<PAGE>

        (c)     A party's attorney may sign a notice on behalf of the party.
Notices that are mailed shall be deemed delivered three (3) business days after
mailing. Notices that are shipped by independent overnight courier shall be
deemed delivered one (1) business day after shipping.

        SECTION 21.05. METHOD OF PAYMENT:

        Landlord shall have the right to specify the manner of payment of Rent
during the Term of this Lease. All amounts payable under this Lease shall be
payable in coin or currency of the United States of America.

        SECTION 21.06. SUCCESSORS AND ASSIGNS:

        Subject to the provisions hereof, this Lease shall bind and inure to the
benefit of the parties and their respective successors, representatives, heirs
and assigns.

        SECTION 21.07. GUARANTOR OF TENANT:

        Any restrictions on or requirements imposed upon Tenant hereunder shall
be deemed to extend to any guarantor of Tenant, Tenant's subtenants,
concessionaires and licensees and it shall be Tenant's obligation to cause the
foregoing persons to comply with such restrictions or requirements.

        SECTION 21.08. HOLD OVER:

        (a)     If Tenant shall remain in possession of the Demised Premises
after the end of the Term, a tenancy relationship shall be deemed to arise
therefrom and any holdover shall not be construed as a consent by Landlord to
the possession by Tenant of the Demised Premises beyond the Expiration Date of
this Lease; however, until such time as Tenant complies with Section 7.06 and
Article XX hereof, such holding over shall be deemed to be a month-to-month
occupancy, subject to all of the provisions, conditions and obligations of this
Lease, except that the Rent to be charged Tenant during such hold over period
shall be double the monthly Rent in effect for the last month of the Term or any
renewal periods, except that the first two (2) months of any Hold Over shall be
based upon one and one-half (1.5) times the monthly Rent in effect for the last
month of the Term or any renewal periods.

        (b)     If Tenant fails to surrender the Demised Premises upon the
Expiration, or earlier termination of this Lease as provided for herein, then,
in addition to any other liability to Landlord accruing therefrom, Tenant shall
indemnify and hold Landlord harmless from and against any loss, cost, liability
or expense, including, without limitation, reasonable attorney fees, resulting
from such failure to vacate including, without limiting the generality of the
foregoing, loss of future rents and any claims made by any succeeding tenant
arising due to such failure.

        SECTION 21.09. INTEREST:

        Any payment required to be made by Tenant under the provisions of this
Lease not made by Tenant within five (5) days from the date when due shall be
payable by Tenant to Landlord on demand with interest thereon at the highest
legal rate, or twelve (12%) percent per annum if there is no legal rate,
computed from the date said sum became due to the date of payment thereof to
Landlord.

        SECTION 21.10. LATE CHARGE:

        In order to cover the extra expense involved in handling delinquent
payments, Tenant shall pay a "late charge" of four (4%) percent of the amount
due when any payment of Rent hereunder is received by Landlord more than ten
(10) days after the due date thereof. It is understood and agreed that this
charge is for additional expense incurred by Landlord and shall not be
considered interest.

        SECTION 21.11. NON-WAIVER:

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<PAGE>

        The failure of Landlord to insist upon strict performance of any
covenants or conditions of this Lease or Landlord's failure to exercise any
option herein conferred in any one or more instances shall not be construed as a
waiver or relinquishment of any such covenants, conditions or options, but the
same shall be and remain in full force and effect. If the Landlord pursues any
remedy granted by the terms of this Lease or pursuant to applicable law, it
shall not be construed as a waiver or relinquishment of any other remedy
afforded thereby.

        SECTION 21.12. BROKER:

        Tenant represents that there was no broker other than NEWMARK REAL
ESTATE OF NEW JERSEY, LLC AND GVA WILLIAMS ("Broker") responsible for bringing
about or negotiating this Lease. Tenant agrees to defend, indemnify, and hold
Landlord harmless against any claims for brokerage commission or compensation
with regard to the Demised Premises by any other broker claiming or alleging to
have acted on behalf of or to have dealt with Tenant. Landlord agrees to defend,
indemnify, and hold Tenant harmless against any claims for brokerage commission
or compensation with regard to the Demised Premises by any other broker claiming
or alleging to have acted on behalf of or to have dealt with Landlord. Landlord
will pay any fees or commissions due the Broker.

        SECTION 21.13. SHORT FORM LEASE:

        Landlord and Tenant agree that neither party shall record the Lease.
Upon request of either party the other shall execute a document in recordable
form, or a short form lease or memorandum of lease in proper form for recording,
setting forth the Commencement Date and any provisions hereof other than
Sections 5.01, 5.02, 5.03, 5.05. The requesting party shall pay all recording
fees and costs in connection with any such short form or memorandum of lease.

        SECTION 21.14. FINANCIAL STATEMENTS:

        The Tenant agrees, at the request of Landlord, to furnish its current
annual financial statement certified to by its certified public accountants,
and, if applicable, such annual or quarterly reports as Tenant may file with the
Securities and Exchange Commission.

        SECTION 21.15. MECHANICS' LIENS:

        Tenant shall not do or cause anything to be done whereby the Demised
Premises may be encumbered by a mechanic's lien. If any mechanic's or
materialman's lien is filed against the Demised Premises, the Building or the
Real Estate as a result of any additions, alterations, repairs, installations,
improvements or any other work or act of Tenant, Tenant shall discharge or bond
same within twenty days from the date of filing of the lien. If Tenant shall
fail to discharge or bond the lien, Landlord may bond or pay the lien or claim
for the account of Tenant without inquiring into the validity of the lien or
claim and Tenant shall reimburse Landlord upon demand.

        SECTION 21.16. CORPORATE AUTHORITY:

        (a)     Tenant represents that the undersigned officer(s) [partner(s)]
has (have) been duly authorized to enter into this Lease and that the execution
and consummation of this Lease by Tenant does not and shall not violate any
provision of any bylaws, certificate of incorporation, agreement, [partnership
or other agreement] order, judgment, governmental regulation or any other
obligations to which Tenant is a party or is subject. Upon execution hereof,
Tenant shall deliver a Secretary's certificate evidencing its authority to
execute this Lease [evidence satisfactory to Landlord of the accuracy of the
foregoing representation].

        (b)     Landlord represents that the undersigned officer of Landlord has
been duly authorized to enter into this Lease and that the execution and
consummation of this Lease by Landlord does not and shall not violate any
provision of any bylaw, certificate of incorporation, agreement, order,
judgment, governmental regulation or any other obligation to which Landlord is a
party or is subject.

                                       33
<PAGE>

        SECTION 21.17. FORCE MAJEURE:

        Landlord shall not be liable for any delays and other events beyond the
reasonable control of a party defined herein as Force(s) Majeure(s), and
including, without limitation: acts of God; strikes, lock-outs or other labor
difficulty; explosion, sabotage, accident riot or civil commotion; act of war;
fire or other casualty; requirements of governing authorities or inability to
obtain necessary governmental permits and approvals.

        SECTION 21.18. GOVERNING LAW:

        This Lease shall be governed by and construed pursuant to the Laws of
the State of New Jersey.

        SECTION 21.19. SUBSTITUTED PREMISES:

        Intentionally Omitted.

        SECTION 21.20. RENEWAL OPTION:

        (a)     Tenant shall, upon giving Landlord at least twelve (12) months
prior written notice but no more than fifteen (15) months from the Expiration
Date of the Lease ("Exercise Notice"), have the option to renew this Lease for
two (2) additional terms of five (5) years each (the "Renewal Terms"), upon all
the same terms and conditions of the Lease, except for the Annual Base Rent for
each Renewal Term, which shall be determined in accordance with the then
"Prevailing Fair Market Rental Rate" being charged in the Building and other
comparable quality office buildings in the Fairfield, New Jersey office
sub-market over the previous four months for: (i) comparable space in size,
quality and condition; (ii) comparable term of lease; (iii) comparable Building
services, amenities and location; and (iv) and comparable brokerage commissions.
Within ten (10) days after receipt of Tenant's Exercise Notice, Landlord shall
send written notice to Tenant of the Prevailing Fair Market Rental Rate and
shall advise Tenant of the required increase to the Base Rent, if any, and the
other terms and conditions offered. In the event Landlord and Tenant cannot
agree upon the annual Base Rent for the Renewal Term within thirty (30) days of
Landlord's notice, then within ten (10) days thereafter, each party shall select
a qualified commercial real estate appraiser with at lease five (5) years
experience in appraising office properties in the Paramus office market and
surrounding areas. The two appraisers shall give their opinion of Prevailing
Fair Market Rental Rates and other terms within twenty (20) days after their
retention. In the event the opinions of the two appraisers differ and, after
good faith efforts over the succeeding twenty (20) day period the parties cannot
mutually agree on the Base Rent for the Renewal Term, then the appraisers shall
immediately and jointly appoint a third appraiser with the qualifications
specified above. This third appraiser shall, within five (5) business days,
choose either the determination of Landlord's appraiser or Tenant's appraiser
and such choice of this third appraiser shall be final and binding on Landlord
and Tenant. Each party shall pay its own costs for its real estate appraiser and
shall equally share the costs of any third appraiser. The parties shall
immediately confirm the Renewal Term, Base Rent and other terms and conditions
so determined, in writing by an amendment to Lease.

        (b)     Tenant's option to renew shall be conditioned upon and subject
to each of the following:

                (i)     Tenant's timely exercise of this option by providing
Landlord its Exercise Notice within the time frame described in paragraph (a)
above;

                (ii)    Tenant shall not be in default under the terms and
conditions of this Lease beyond the applicable grace period for the cure thereof
at the time Tenant exercises its option;

                (iii)   Tenant shall not have subleased any portion of the
Demised Premises for a sublease term which may extend beyond the Expiration Date
or assigned its interest in this Lease to an unaffiliated company, it being
expressly understood that this option to renew shall be

                                       34
<PAGE>

deemed personal to Tenant and may not be assigned without Landlord's prior
written consent;

                (iv)    Tenant shall have no further renewal options other than
the option to extend the Lease for the two (2) consecutive Renewal Terms set
forth in paragraph (a) above; and

                (v)     Landlord shall have no obligation to do any work with
respect to the Demised Premises.

        SECTION 21.21. RIGHT OF FIRST OFFER:

        Subject to any pre-existing rights of other tenants currently in
occupancy as of the date of this Lease, and provided Tenant in not in default,
Landlord shall grant Tenant the "Right of First Offer" to lease any space that
becomes available for lease (i.e. a space becomes vacant or a tenant does not
renew their lease, whether or not pursuant to any option) on the third (3rd)
floor of the Building which is contiguous to the Premises (the "Offer Space")
prior to marketing the Offer Space to any third party prospective tenant.
Landlord shall first offer Tenant the right to lease the Offer Space in
accordance with the rental terms and conditions proposed by Landlord, but in no
event greater then the "Prevailing Fair Market Rental Rate" being charged in the
Building and other comparable first class office buildings in the Fairfield, New
Jersey office sub-market over the previous three months (the "Offer Notice").
Notwithstanding the previous sentence, in the event the Offer Notice is provided
to Tenant during the first twelve (12) months following the Commencement Date,
(i) the rental rate for the Offer Space shall be the same rental rate, on a
square foot basis, as the rental rate in this Lease, and (ii) Landlord shall
provide the same amount of Tenant Work (prorated) as provided in this Lease.
Tenant shall have ten (10) days from the receipt of Landlord's Offer Notice to
respond, in writing, time being of the essence, by either (i) electing to
exercise its Right of First Offer to lease the Offer Space as presented in
Landlord's Offer Notice, in which case Landlord and Tenant will promptly
finalize negotiations and execute an amendment to this Lease incorporating the
Offer Space and the terms and conditions for leasing same within thirty (30)
days; or (ii) rejecting the Offer Space, in which case Landlord shall be free to
lease said space to any third party prospects. If Tenant does not respond within
said ten (10) days, or fails to timely exercise its rights hereunder, then this
Right of First Offer shall lapse, and Landlord may lease the Offer Space to
third parties. This Right of First Offer shall not be applicable: (i) during the
last twelve (12) months of the lease Term, unless Tenant has renewed the Lease
or is in good faith negotiations to renew the Lease, or (ii) during any renewal
or extension terms of the Lease, or (iii) if Tenant rejects two or more offers
presented by Landlord in accordance herewith.

        SECTION 21.22. SIGNAGE RIGHTS:

        Landlord shall permit Tenant, at Tenant's sole cost and expense, to
place its name on the existing exterior monument sign (the "Existing Monument
Sign") located in front of the Building which is currently used solely by Aetna,
subject to Aetna's consent to allow Landlord to convert the Existing Monument
Sign to be used by Tenant, and possibly other tenants, as a multi-tenant sign.
In the event Aetna does not consent to the foregoing, Landlord shall, at
Landlord's sole cost and expense, seek required approvals to construct a new
monument sign (the "New Monument Sign") in a location determined by Landlord. At
Landlord's option the New Monument Sign shall be a multi-tenant sign. All such
signage, whether the Existing Monument Sign or a New Monument Sign shall be
further subject to (i) Landlord's reasonable approval of Tenant's sign design
drawings, specifications and placement, and (ii) any permits or other approvals
required by all applicable governmental authorities. Notwithstanding the
foregoing, in the event Landlord is unable to: (a) convert the Existing Monument
Sign to include Tenant's name; or (b) obtain approvals to construct a New
Monument Sign; or (c) provide Tenant with some other mutually acceptable
exterior signage alternative by no later than December 31, 2005, then Landlord
shall provide Tenant with a rent credit equal to one month's Base Rent
($30,876.50).

        SECTION 21.23. SATELLITE DISH

        Landlord grants Tenant, for the Term of this Lease and at no additional
charge, the non-exclusive right to install, maintain, repair and operate a
satellite dish not to exceed approximately

                                       35
<PAGE>

one (1) meter in size (the "Satellite Dish") and related equipment, conduits,
cables and materials ("Related Equipment") on a portion of the roof located on
the Building for the purpose of providing communications to and from the Demised
Premises for Tenant's sole use and benefit. The actual location of the Satellite
Dish shall be in Landlord's sole discretion. Tenant's right hereunder shall
include access to the roof and to those portions of the Building other than the
roof that are reasonably necessary for Tenant to install, maintain, repair and
operate the Satellite Dish. Notwithstanding the foregoing, the installation and
operation of Tenant's Satellite Dish and Related Equipment shall in all
respects, be subject to: (i) Landlord's approval of Tenant's plans and
specifications for the installation of the Satellite Dish and Related Equipment,
including, without limitation, the proposed dimensions, type, design, location
and the method and manner of installation; (ii) Tenant's receipt of any
governmental approvals and permits that may be required for the installation and
operation of the Satellite Dish and Related Equipment; (iii) Tenant or Tenant's
agent performing any and all work in a good, workmanlike manner in accordance
with (a) all local or State building codes, (b) all Building Rules and
Regulations, and (c) the insurance requirements of this Lease; (iv) the rights
of any existing tenants of the Building prior to the commencement of this Lease,
and Tenant's Satellite Dish shall not interfere with any such existing tenant's
frequencies (for which Tenant shall be solely responsible for curing any such
interference); (v) Tenant's compliance with all applicable Federal, State, and
local laws, ordinances, statutes, codes and regulations, including, without
limitation, the Federal Communications Commission (the "FCC"); (vi) Tenant
promptly repairing any damage to the roof or any other portions of the Building
caused by the installation, maintenance, operation and/or removal of the
Satellite Dish and Related Equipment; and (vii) all other terms and conditions
of this Lease. Tenant and/or its contractors shall be allowed reasonable access
to the roof at all reasonable times, with advance notice to Landlord and its
reasonable approval thereof, in order that Tenant and/or its contractors may
install, maintain, repair and operate the Satellite Dish and Related Equipment
as provided herein.

IN WITNESS WHEREOF, Landlord and Tenant have respectively signed and sealed this
Lease as of the day and year first above written.

WITNESS:                        LANDLORD:
                                FAIRFIELD 80 VENTURE, LLC

                                BY:     BERGMAN FAIRFIELD ASSOCIATES, LLC,
                                        ITS MANAGING MEMBER

/s/                             By:     /s/ Michael Bergman
-------------------------               --------------------------------------
Witness                         Name:   Michael Bergman
                                Title:  Member

WITNESS:                        TENANT:
                                COVER-ALL TECHNOLOGIES, INC.

/s/                             By:     /s/ John Roblin
-------------------------               --------------------------------------
Witness                         Name:   John Roblin
                                Title:  Chief Executive Officer

                                       36
<PAGE>

                                   EXHIBIT "A"

                             DESCRIPTION OF THE LAND
                             -----------------------

BEGINNING at a point on the Northerly side of New Jersey State Highway Route
North 80 (300' wide) said pint being North 01 degree 05 minutes 14 seconds West
150,000 feet from centerline station 677 + 15.00 of said New Jersey State
Highway Route North 80 and running; thence

        (a)     South 88 degrees 54 minutes 46 seconds West 1329.41 feet along
                Northerly side of New Jersey State Highway Route North 80 (300'
                wide) to a point; thence

        (b)     North 26 degrees 30 minutes 30 seconds east 649.75 feet to a
                point on the new Southerly side of Lane Road; thence

        (c)     South 62 degrees 44 minutes 30 seconds east 553.52 feet along
                the new Southerly side of Lane Road to a bend; thence

        (d)     South 52 degrees 22 minutes 22 seconds east 103.68 feet along
                the new Southerly side of Land Road to a bend; thence

        (e)     South 48 degrees 42 minutes 16 seconds East 112.01 feet along
                the new Southerly side of Land Road relocation to a point on a
                curve; thence

        (f)     Along a curve to the left having a radius of 130.00 feet, an arc
                length of 88.23 feet along the Southerly side of Land Road
                relocation to a point of tangency; thence

        (g)     North 88 degrees 45 minutes 00 seconds East 115.46 feet along
                the Southerly side of Land Road relocation to a point of
                curvature; thence

        (h)     Along a curve to the left having a radius of 230.00 feet, an arc
                length of 84.95 feet along the Southerly side of Land Road
                relocation to a point on curve; thence

        (i)     South 32 degrees 25 minutes 00 seconds East 187.52 feet to the
                point of BEGINNING.

"In compliance with Chapter 157, laws of 1977 premises herein is Lot 3102 in
Block 14 on the Tax Map of the Township of Fairfield, County of Essex, State of
New Jersey."

COMMONLY know as 55 Lane Road, Fairfield, New Jersey.

                                       37
<PAGE>

                                   EXHIBIT "B"

                           OUTLINE OF DEMISED PREMISES
                           ---------------------------

                                  [Floor Plan]

<PAGE>

                                   EXHIBIT "C"

                          TENANT IMPROVEMENT WORKLETTER
                          -----------------------------

        (a)     Landlord, at its sole cost and expense, shall provide for the
required Tenant Work to be made to the Demised Premises substantially in
accordance with the Construction Plans prepared by Designs for Business
Interiors and Michael Briante, AIA, dated March 3, 2005 (the " Construction
Plans") using the quality of materials and finishes shown on the Construction
Plans; otherwise Building standard materials will be used. All work shown on
Tenant's Construction Plan is referred to hereinafter as the "Tenant Work" and
the Construction Plans shall become a part of this Lease

        (b)     Landlord, at its sole cost and expense, shall pay for the cost
of said Construction Plans, which shall include all architectural, mechanical,
electrical and plumbing plans and specifications showing the layout and finish
selections for the Tenant Work required to be made to the Demised Premises. .
Said Construction Plans shall be consistent and in compliance with the
specifications for the Building, the applicable Building codes and the
architectural and construction practices generally used in first class office
buildings.

        (c)     Notwithstanding anything to the contrary contained herein,
Landlord shall have the sole and absolute discretion to approve or disapprove
any Tenant Work that (i) will be visible from the exterior of the Demised
Premises, or which involve or may affect any structural or exterior element of
the Building, or which may delay completion of the Demised Premises, or (ii)
will require unusual expense to adapt the Demised Premises to normal use on the
expiration or earlier termination of the term of the Lease, or (iii) will
increase the cost of construction or of insurance or Taxes on the Building,
unless Tenant first gives assurance reasonably acceptable to Landlord for
payment of such increased cost and that such adaptation will be made prior to
such termination or earlier expiration without expense to Landlord.

        (d)     Prior to Landlord commencing with the Tenant Work, Landlord
shall obtain not less than two (2) bids from independent contractors for the
performance of the Tenant Work. Should Tenant change the scope of work shown in
the approved Construction Plans by requiring additional improvements or upgraded
materials or finishes above the quality of materials and finishes shown in the
Construction Plans ("Additional Improvements"), and said Additional Improvements
increase the cost of the Tenant Work to exceed $560,784 (i.e. $28/sq.ft.)
(referred to as "Additional Work Costs"), then Landlord shall provide Tenant a
written itemized estimate for the total cost of the Tenant Work, including any
Additional Work Costs that Tenant shall be responsible to pay for, which Tenant
shall approve within three (3) business days of receipt thereof. Prior to
Landlord commencing with the Tenant Work, Tenant shall pay Landlord 50% of the
estimated Additional Work Costs. Upon substantial completion of the Tenant Work,
Landlord shall submit to Tenant a final statement setting forth the total cost
of the Tenant Work and the Additional Work Costs that Tenant is responsible to
pay for, together with invoices documenting such costs, and Tenant shall pay to
Landlord the remaining Additional Work Costs within ten (10) days after Tenant's
receipt of said statement.

        (f)     Except for the above Tenant Work, the Premises shall be
delivered to Tenant in "as-is" condition. Landlord shall not be responsible for
Tenant's (i) Telephone wiring and computer cable installation; (2) Private
security alarm system; or (3) any other improvements, upgrades or additional
work not specifically identified above.

<PAGE>

                                   EXHIBIT "D"

                              RULES AND REGULATIONS
                              ---------------------

         Tenant agrees to comply with the following rules and regulations and
with such reasonable modifications thereof and additions thereto as Landlord may
make for the Building, it being agreed Landlord shall not be responsible for any
non-observance thereof by other Tenants.

1.      Tenant shall not paint, display, inscribe or affix any sign, picture,
advertisement, notice, lettering or direction on any part of the outside or
inside of the Building, or on any part of the inside of the Demised Premises
which is intended to be seen from outside the Demised Premises, except on the
hallway doors of the Demised Premises, and then only of color, size, style,
character and material first approved by Landlord in writing which shall not be
unreasonable withheld. Landlord reserves the right to remove at Tenant's
expense, all matter other than that above provided for without notice to Tenant.

2.      In advertising or other publicity, without Landlord's prior written
consent, Tenant shall not use the name of the Building except as the address of
its business and shall not use pictures of the Building in advertising and
publicity.

3.      Tenant shall not obstruct sidewalks, entrances, passages, courts,
corridors, vestibules, halls, elevators and stairways in and about the Building.
Tenant shall not place objects against glass partitions or doors or windows,
which would be unsightly from the Building corridor or exterior of the building.

4.      Tenant shall not make noises, cause disturbances or vibrations or use or
operate any electrical or electronic devices the emit sound or other waves or
disturbances, or create odors that would be offensive to other tenants and
occupants of the Building or that would interfere with radio or television
broadcasting or reception from or in the Building or elsewhere, and shall not
place or install antennae or aerials or similar devices outside of the Demised
Premises.

5.      Tenant shall not make any room-to-room canvass to solicit business from
other tenants in the Building; and shall not exhibit, sell or offer to sell,
use, rent, or exchange in or from the Demised Premises unless ordinarily
embraced within the Tenant's use of the Demised Premises specified herein.

6.      Tenant shall not waste electricity, water or air-conditioning and agrees
to cooperate fully with Landlord to assure the most effective operation of the
Building's heating and air-conditioning, and shall refrain from attempting to
adjust any controls other than room thermostats, installed for Tenant's use.
Tenant shall keep corridor doors closed. Landlord shall not permit any object to
be placed on or dropped into any grills or devices in the Demised Premises
utilized for heating and air-conditioning.

7.      Door keys for doors in the Demised Premises will be furnished at the
commencement of the Lease by Landlord. Tenant shall not affix additional locks
on doors unless they provide a set keys to Landlord, and shall purchase
duplicate keys only from Landlord. When the Lease is terminated, Tenant shall
return all keys to Landlord and will disclose to Landlord the combination of any
safes, cabinets or vaults left in the Demised Premises.

8.      Tenant assumes full responsibility for protecting its space from theft,
robbery and pilferage which includes keeping doors locked and other means of
entry to the Demised Premises closed.

9.      If the Tenant requires telegraphic, telephonic, burglar alarm or similar
services, it shall first obtain and comply with, Landlord's instructions in
their installation.

10.     The Landlord may require that all persons who enter or leave the
Building at any time, if determined by Landlord from time to time to be
necessary for the protection of the Building, must identify themselves to
security personnel, by registration or otherwise.

<PAGE>

11.     Peddlers, solicitors and beggars shall be reported to the office of the
Building or as Landlord otherwise requests.

12.     Tenant shall not overload floors and lessor must give advance written
approval as to size, maximum weight, routing and location of business machines,
safes and heavy objects. Tenant shall not install and operate machinery devices
of a nature not directly related to Tenant's ordinary use of the Demised
Premises without the written permission of Landlord. Landlord reserves the right
to designate the time when and the method whereby freight, small office
equipment, supplies, furniture, safes and other like articles may be brought
into, moved or removed from the Building or rooms, and to designate the location
for temporary disposition of such items. In no event shall any of the foregoing
items be taken from Tenant's space for the purpose of removing same from the
building without the express consent of both Landlord and Tenant.

13.     Furniture, packages, supplies, merchandise, freight, equipment and other
large articles may be brought into the Building only at time and in the manner
designated by Landlord. Tenant shall furnish Landlord with a list of furniture,
equipment and other similar objects which are to be removed from the Building.
Movements of tenant's property into or out of the Building are entirely at the
risk and responsibility of Tenant and Landlord may require permits before
allowing anything to be moved in or out of the Building.

14.     No person or contractor shall be employed to do janitor work, window
washing, cleaning, construction, maintenance or similar services in the Demised
Premises except by Landlord.

15.     Tenant shall not cook in the Demised Premises or otherwise create any
obnoxious odors therein or in the Building or so as to violate any federal,
state or municipal fire or zoning laws, regulations or ordinances, nor shall
Tenant use any space in the Demised Premises for living quarters, whether
temporary or permanent.

16.     Tenant shall not use or permit to be brought into the premises or the
Building any inflammable oils or fluids other than small quantities of cleaning
fluids and office supplies, or any explosive or other articles hazardous to
person or property; or do or permit to be done any act or thing which will
invalidate be in conflict with fire or other insurance policies covering the
Building or its operation, or the Demised Premises, or part of either; or do or
permit to be done anything in or upon the Demised Premises, or bring or keep
therein, which shall not comply with all rules, regulations or requirements of
the Board of Fire Underwriters, or any similar organization (and Tenant shall at
all times comply with all such rules, orders, regulations or requirements), or
which shall increase the rate of insurance on the Building, its appurtenances or
contents. If by reason of the failure of Tenant to comply with the provisions of
this paragraph, any insurance premium payable by Landlord shall at any time be
increased above what it otherwise would be, Tenant shall reimburse Landlord to
the extent of all such increases in premiums paid by Landlord.

17.     Tenant shall comply with all applicable federal, state and municipal
laws, ordinances and regulations and shall not directly or indirectly make any
use of the Demised Premises which may be prohibited by any laws, ordinances or
regulations thereof or which shall be dangerous to person or property or shall
increase the cost of insurance or require additional coverage.

18.     Tenant shall comply with all safety, fire protection and evacuation
procedures and regulations established by Landlord or any governmental agency.

19.     Animals, birds, bicycles or motorized bikes shall not be brought on, or
kept in or about the Building.

20.     Tenant shall be responsible for the observance of all of the foregoing
by Tenant's employees, agents, clients, customers, invitees and guests.

21.     The charge for after-hours heat or air conditioning shall be determined
by the Landlord and confirmed in writing to the Tenant, as the same may change
from time to time. There shall be a minimum charge of one-hour for every partial
hour of usage.

<PAGE>

                                   EXHIBIT "E"

                               JANITORIAL SERVICES
                               -------------------

GENERAL CLEANING OFFICE AREA
----------------------------

Cleaning Service provided five (5) days per week.

Cleaning hours Monday through Friday, between 6:00 p.m. and before 8:00 a.m. of
the following day.

On the last day of the week the work will be done after 6:00 p.m. Friday, but
before 8:00 a.m. Monday.

No cleaning on holidays.

Furniture will be dusted and desk tops will be wiped clean. However, desks with
loose papers on the top will not be cleaned.

Window sills and baseboards to be dusted and washed when necessary.

Office wastepaper baskets will be emptied nightly.

Cartons or refuse in excess of that which can be placed in wastebaskets will not
be removed. Lessees are required to label such unusual refuse and place near
wastebaskets.

Cleaners will not remove nor clean non paper tea or coffee cups or mugs or
similar containers; also if such liquids are spilled in wastebaskets the
wastebaskets will be emptied but not otherwise cleaned.

Vinyl tile floors will be swept daily.

All rugs will be carpet swept nightly.

Carpets will be vacuumed every night.

All closet shelving, coat racks, etc. will be dusted weekly.

Seat cushions on chairs, sofas, etc. will be vacuumed weekly.

LAVATORIES
----------

All lavatory floors to be swept and washed with disinfectant nightly.

Tile walls and dividing partitions to be washed and disinfected weekly.

Basins, bowls, urinals to be washed and disinfected daily.

Mirrors, shelves, plumbing work, bright work, and enamel surfaces cleaned
nightly.

Waste receptacles and wash dispensaries to be filled with appropriate tissues,
towels, and soap supplied by Landlord.

<PAGE>

MAIN LOBBY ELEVATORS, BUILDING EXTERIOR AND CORRIDORS
-----------------------------------------------------

Wipe and wash all floors in Main Lobby nightly.

Wipe and/or vacuum floors nightly.

Polish or vacuum floors weekly in elevators.

Elevator cab to be wiped daily and thoroughly cleaned and polished weekly.

Lobby walls, glass, etc., to be wiped clean daily and thoroughly cleaned and
polished weekly.

Lobby entrance doors, windows to be washed weekly.

Exterior windows will be cleaned when necessary but not less two (2) times per
year.

MISCELLANEOUS SERVICES
----------------------

Sweep sidewalk in front of building entrances daily.

Remove snow and ice from sidewalks when accumulation reaches 3" or more.

Remove snow from parking areas when accumulation reaches 3" or more.

Keep stairways clean at all times.

Keep Custodian's Room and Mechanical Rooms clean and in orderly condition at all
times.

WORK EXCLUDED
-------------

Cleaning services do not include the shampooing of carpet, nor washing nor
polishing, nor waxing of furniture, files, cabinets, wastebaskets or other
personal property of Lessee. When such work is necessary, Lessee may make
necessary arrangements for same directly with Lessor's cleaning employees.

<PAGE>

                                   EXHIBIT "F"

                                HOLIDAY SCHEDULE
                                ----------------

                                 NEW YEAR'S DAY

                                 PRESIDENT'S DAY

                                  MEMORIAL DAY

                                INDEPENDENCE DAY

                                    LABOR DAY

                                THANKSGIVING DAY

                                  CHRISTMAS DAY

<PAGE>

                                   EXHIBIT "G"

                          COMMENCEMENT DATE MEMORANDUM
                          ----------------------------

        THIS AGREEMENT made the ___ day of ___________, 2005 between FAIRFIELD
80 VENTURE, LLC having an office located at c/o Bergman Realty Corporation, 555
Route One South, Iselin, New Jersey 08830, ("Landlord") and COVER-ALL
TECHNOLOGIES, INC., a __________ corporation having an office address of 18-01
Pollitt Drive, Fairlawn, New Jersey 07410, (hereinafter called "Tenant").

                              W I T N E S S E T H :

        WHEREAS, Landlord and Tenant entered into a Lease dated
_________________, 2005 (the "Lease") setting forth the terms of occupancy by
Tenant for a portion of the third (3rd) floor of a Building known as FAIRFIELD
80 OFFICE BUILDING and is located at 55 Lane Road, Fairfield, New Jersey 07004
consisting of approximately 20,028 rentable square feet (the "Premises"); and

        WHEREAS, the Lease is for an initial Term of eighty-nine (89) months
(plus the remaining number of days in the month on which the Commencement Date
occurs if such date is other than the first day of the month) with the
"Commencement Date" of the Term being defined in the Lease Provisions; and

        WHEREAS, it has been determined in accordance with the Lease that
________________ is the Commencement Date of the initial Term of the Lease.

        NOW THEREFORE, in consideration of the premises and the covenants
hereinafter set forth, it is agreed:

                1.      The Commencement Date of the initial term of the Lease
                        is _____________ and the Expiration Date thereof is
                        _____________.

                2.      This agreement is executed by the parties for purposes
                        of providing a record of the Commencement and Expiration
                        Dates of the initial term of the Lease.

        IN WITNESS WHEREOF, the parties hereto have duly executed this
instrument as of the day and year first above written.

WITNESS:                        LANDLORD:
                                FAIRFIELD 80 VENTURE, LLC

                                BY:     BERGMAN FAIRFIELD ASSOCIATES, LLC,
                                        ITS MANAGING MEMBER

_________________________       By: ______________________________
Witness                         Name:    _________________________
                                Title:   _________________________

WITNESS:                        TENANT:
                                COVER-ALL TECHNOLOGIES, INC.

___________________________     By: ______________________________
                                Name: ____________________________
                                Title:____________________________

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