Document:

<PAGE>   1
                                                                   EXHIBIT 10.18

                                  LEASE BETWEEN

                              BTC DEVELOPMENT, LLC

                                       AND

                         CHAPARRAL NETWORK STORAGE, INC.

                         Current as of September 1, 1999

<PAGE>   2

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>

                                                                            Page
<S>                 <C>                                                     <C>
SECTION 1           PURPOSE....................................................1

SECTION 2           TERM.......................................................1

SECTION 3           COMPLETION OF THE PREMISES.................................2

SECTION 4           RENT.......................................................2

SECTION 5           TAXES AND OPERATING COST ADJUSTMENT FORMULA................4

SECTION 6           HOLDING OVER...............................................7

SECTION 7           BUILDING SERVICES..........................................7

SECTION 8           CONDITION OF PREMISES......................................8

SECTION 9           USE OF LEASED PREMISES.....................................9

SECTION 10          COMPLIANCE WITH LAW.......................................10

SECTION 11          ALTERATIONS AND REPAIRS...................................10

SECTION 12          ABANDONMENT...............................................11

SECTION 13          ASSIGNMENT AND SUBLETTING.................................11

SECTION 14          SIGNS AND ADVERTISING.....................................12

SECTION 15          DAMAGE TO PROPERTY, INJURY TO PERSONS.....................12

SECTION 16          TENANT'S INSURANCE........................................13

SECTION 17          DAMAGE OR DESTRUCTION.....................................14

SECTION 18          ENTRY BY LANDLORD.........................................15

SECTION 19          DEFAULT BY TENANT.........................................15

SECTION 20          TAXES.....................................................18
</TABLE>

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<TABLE>

                                                                              Page
<S>                 <C>                                                       <C>
SECTION 21          EMINENT DOMAIN..............................................19

SECTION 22          SUBORDINATION TO MORTGAGES AND DEEDS OF TRUST...............19

SECTION 23          WAIVER......................................................20

SECTION 24          SUBROGATION.................................................20

SECTION 25          PLATS AND RIDERS............................................21

SECTION 26          SALE BY LANDLORD............................................21

SECTION 27          RIGHT OF LANDLORD TO PERFORM................................21

SECTION 28          ATTORNEY'S FEES.............................................21

SECTION 29          ESTOPPEL CERTIFICATE........................................22

SECTION 30          NOTICE......................................................22

SECTION 31          RIGHTS RESERVED.............................................22

SECTION 32          REAL ESTATE BROKER..........................................23

SECTION 33          MISCELLANEOUS PROVISIONS....................................23

SECTION 34          SUCCESSORS AND ASSIGNS......................................24

SECTION 35          QUIET ENJOYMENT.............................................24

SECTION 36          RECORDING...................................................24

SECTION 37          RELIANCE BY LANDLORD........................................25

SECTION 38          OPTION TO EXTEND............................................25

SECTION 39          SECURITY DEPOSIT............................................25

SECTION 40          WORK LETTERS................................................25

SECTION 41          FIRST RIGHT OF REFUSAL ON ADDITIONAL SPACE..................26
</TABLE>

                                      -ii-

<PAGE>   4

                                      LEASE

THIS LEASE made this 1st day of September, 1999, between Chaparral Network
Storage, Inc., a Delaware Corporation ("Tenant"), and BTC Development, LLC
"Landlord").

                                   WITNESSETH:

                                     DEMISE

         Landlord does hereby lease to Tenant and Tenant hereby leases from
Landlord an approximate 20,000 rentable square feet (the "Premises," or,
alternatively, the "Leased Premises") Dry Creek Corporate Center (the
"Building"), which Building is situated on land described as 7040 East Dry Creek
Parkway, Longmont, Colorado 80503 (the "Property"), together with a
non-exclusive right, subject to the provisions of this Lease, to use all
appurtenances thereto, including, but not limited to, any plazas, common areas,
parking lots, walks, ways or other areas in the Building or on the Property
designated by Landlord for the exclusive or non-exclusive use of the tenants of
the Building.

         The Lease is upon and subject to the terms, conditions, and covenants
set forth below and Tenant covenants as a material part of the consideration for
this Lease to keep and perform each and all of the terms, conditions, and
covenants by it to be kept and performed and that this Lease is made upon the
condition of such performance.

                                    SECTION 1
                                     PURPOSE

         1.1 Use of Premises. The Premises are to be used for office,
engineering labs, product development, shipping, receiving, warehousing and
manufacturing and related office functions, provided that such uses comply with
all zoning and use restrictions, and for no other purpose without the prior
written consent of Landlord.

                                    SECTION 2
                                      TERM

         2.1 Primary Term. The Term of this Lease shall be for a period of sixty
(60) months. Lease commencement, (Commencement Date) will then take place on
March 15, 2000, and on March 31, 2005 ("The Primary Lease Term"). The Primary
Lease Term will commence upon receipt of a Certificate of Occupancy for the
Premises.

                  (a) Should Tenant, through the actions of Tenant, it's
employees, agents, contractors, subcontractors, guests, licensees, or invitees,
impede, delay or in some manner alter the aforementioned schedule for buildout,
thus causing the estimated occupancy date to move to a future date, then the
Primary Lease Term will commence on the estimated date specified in Section 2 of
herein lease, even though a Certificate of Occupancy has not been received from
the Building Department of the Boulder County.

                                       -1-

<PAGE>   5

                                    SECTION 3
                           COMPLETION OF THE PREMISES

         (See Space Plan. Addendum "A") Tenant shall have a Build Out Allowance
of $440,000.00 or $22.00 per useable square foot. The Build Out Allowance
includes all costs incurred in designing, permitting, construction, and
installation of Tenant Improvements. All costs in excess of allowance are to be
paid by Tenant. Golden Triangle Construction (GTC) will be the General
Contractor for any initial Tenant Improvement work done to the Premises. GTC
will generally request 3 competitive bids for all subcontract work to be
performed, and will provide to Tenant a breakdown of all costs prior to the
commencement of any work. All costs in excess of Build Out Allowance will be
added to Lease Rate and amortized at ten percent (10%) over the term of the
Lease.

                                    SECTION 4
                                      RENT

         4.1 Base Rent. Tenant agrees to pay Landlord during the full Primary
Lease Term the sum of $1,144,458.33, payable in advance in equal monthly
installments of $18,916.66 for the Premises: The first full monthly installment
of Base Rent shall be payable on the Commencement Date and each succeeding
monthly installment shall be due and payable on or before the first day of each
and every successive calendar month thereafter during the Primary Lease Term.
The exact square footage of the Premises will be measured "as-built" and Rent
adjusted accordingly.

         4.2 No Offsets. The Base Rent and all other sums or changes required by
this Lease to be paid by Tenant to Landlord, (all of which are sometimes
collectively referred to as "Rent") shall be paid to Landlord without deduction
or offset, in lawful money of the United States of America, at the office of
O'Connor Development, LLC, 287 Century Circle, Suite 101, Louisville, Colorado
80027 or to such other person or at such other place as Landlord may from time
to time designate in writing.

         4.3 Interest on Late Payments. Any Rent or other amount due from Tenant
to Landlord under this Lease not paid within seven (7) days of when due shall
bear interest from the date due, computed on a daily basis, until the date paid,
at the rate of four percent (4%) over the "Prime Rate" per month, as announced
by Norwest Bank of Colorado, NA from time to time, but the payment of the
interest shall not excuse nor cure any default by Tenant under this Lease.

         4.4 Late Payment Charge. Further, and notwithstanding the interest
charges provided for in the preceding Subsection 4.3, if any Rent or other
amounts owing hereunder are not paid within seven (7) days of when due, Landlord
and Tenant agree that Landlord will incur additional administrative and
financial expenses and inconveniences, the amount of which will be difficult if
not impossible to determine. Accordingly, Tenant shall pay to Landlord an
additional one-time late charge for any late monthly payment in the amount of
$500.00.

                                       -2-

<PAGE>   6

         4.5 Inflation Index. The Base Rent shall be further increased annually
on each March 15 commencing on March 15, 2001, by an amount determined as
follows:

                  (a) As promptly as practical after January of every year
beginning January 2001, Landlord shall compute the increase, if any, in the cost
of living for the preceding calendar year, based upon the "All Items and Major
Group Figures for Urban Wage Earners and Clerical Workers, Denver, Colorado" all
items, as published by the Bureau of Labor Statistics United States Department
of Labor, based on all items for the period (1982-84 = 100). This Consumer Price
Index shall hereinafter be referred to as the "Index Figure."

                  (b) The Index Figure indicated in the column for All Cities
entitled "all items," for the month of January shall be the "Base Index Figure,"
and the corresponding Index Figure for the month of January for every year
thereafter shall be the "Current Index Figure."

                  (c) The Current Index Figure shall be divided by the Base
Index Figure and the resulting product, if greater than one, shall be multiplied
times the previous year's Base Rent to obtain the new increased Base Rent. If
the resulting product is equal to one or less than one, the new year's Base Rent
shall be the previous year's Base Rent.

                  (d) Landlord shall, within a reasonable time after obtaining
appropriate data necessary for computing the increase, give Tenant notice of the
increase so determined, which notification shall include computation of the
amount due to Landlord by Tenant.

                  (e) If publication of the Consumer Price Index for All Urban
Consumers shall be discontinued, the parties shall accept a comparable index
published by a reliable government agency which measures the purchasing power of
the consumer dollar.

         4.6 Payment of Rent Increase. All determinations by Landlord pursuant
to Section 4.5 shall be conclusive, unless in error. Until Tenant is advised of
the adjustments in the Base Rent, if any, pursuant to the provisions of this
paragraph 4.6, Tenant's monthly Base Rent shall continue to be paid at the then
current rate (including all prior rental adjustments). Tenant shall commence
payment to Landlord of the monthly installment of Base Rent on the basis of the
adjustments so determined beginning on the first day of the month following the
month in which Landlord advises Tenant of the increased Base Rent. In addition,
Tenant shall pay to Landlord on the date required for the first payment of Base
Rent as adjusted, the difference, if any, between the monthly installment of
Base Rent so adjusted and the monthly installments of Base Rent actually paid
during the Base Rent period to make up for the increased Base Rent between the
first month that a rental Increase is due and the first payment after notice of
the increase, provided that Landlord notifies Tenant of Rental Rate Adjustment
within forty-five (45) days of effective date of said rental rate adjustment.
Notwithstanding any other provisions of the Lease, if this Lease is terminated
prior to the end of the calendar year, for any reason, Tenant's obligations to
pay rental adjustments for that portion of any calendar year which has elapsed
prior to termination shall survive the termination of the Lease, whether by
expiration or otherwise.

                                       -3-

<PAGE>   7

                                    SECTION 5
                   TAXES AND OPERATING COST ADJUSTMENT FORMULA

         5.1 Additional Rent. In addition to Base Rent, Tenant shall reimburse
Landlord for the Taxes and Operating Costs of the Building in the manner, at the
times, and in the amounts set forth in this Section 5.

         5.2 (a) Taxes. The Rent payable by Tenant shall be increased by the
amount of "Tenant's Proportional Share" of the Taxes on the Property. Tenant's
Proportional Share shall be 34% based upon Tenant's initial occupancy of 20,000
square feet out of a total building rental space of 60,000 square feet. Tenant's
Proportional Share shall be subject to confirmation and/or adjustment based on
"as-built" measurements of the Premises and Building. In determining the amount
of Taxes for any calendar year, the amount of special assessments to be included
shall be limited to the amount of the installment (plus any interest payable
thereon) of such special assessment which would have been required to have been
paid during such calendar year if Landlord had elected to have the special
assessment paid over the maximum period of time permitted by law, if the
election is available to Landlord. All reference to Taxes "for" and "billed for"
a particular calendar year shall be deemed to refer to Taxes levied, assessed,
billed or otherwise imposed for such calendar year, without regard to the dates
when any such Taxes are due and payable.

             (b) Definition. As used in this Lease, the term "Taxes" means any
and all general and special taxes and impositions of every kind and nature
whatsoever levied, assessed, or imposed upon, or with respect to, the Premises,
any leasehold improvements, fixtures, installations, additions and equipment,
whether owned by Landlord or Tenant, or either because of or in connection with
Landlord's ownership, leasing and operation of the Building and the Property,
including, without limitation, real estate taxes, personal property taxes,
general or special assessments, and duties or levies charged or levied upon or
assessed against the Building and the Property and personal property, or any
other tax (however described) on account of rental received for use and
occupancy of any or all of the Building and the Property, whether any such taxes
are imposed by the United States, the State of Colorado, the County of Boulder,
or any local governmental municipality, authority, or agency or any political
subdivision. Taxes shall not include any net income, capital stock, succession,
transfer, franchise, gift, estate or inheritance taxes.

             (c) Payment. Commencing with the first calendar month of this
Lease, Tenant shall pay to Landlord on the first day of each calendar month
until the next upward adjustment date (which period between adjustment dates is
herein called a "Tax Deposit Year") one-twelfth of Tenant's Proportional Share
of the estimated amount of the Taxes. Amounts paid under this Subsection 5.2(c)
in any Tax Deposit Year shall be reconciled with amounts actually billed to
Landlord for the same Tax Deposit Year, and provided there is any surplus
remaining after the credit to Tenant and provided Tenant shall not then be in
default under any of the provisions of this Lease, Landlord shall, at Landlord's
option, either refund the amount of the surplus to Tenant within thirty (30)
days following the end of the Tax Deposit Year or apply the surplus amount
against any other amounts then due from Tenant to Landlord, including Rent. If
upon the

                                       -4-

<PAGE>   8

reconciliation there is any deficiency in the amount of Taxes paid by Tenant,
Landlord shall bill Tenant and Tenant shall pay the additional amount within
thirty (30) days following Tenant's receipt of Landlord's reconciliation report.

         5.3 (a) Inclusion in Operating Costs. Tenant shall pay its Proportional
Share of the Operating Costs for the Property. As used in this Lease, the term
"Operating Costs" means any and all expenses, costs and disbursements (other
than Taxes and other than the exclusion described in Section (b) below) of every
kind and nature whatsoever, which are paid or accrued by Landlord in connection
with the management, maintenance, operation or repair of the Building,
including, without limitation, not to exceed $2.40 per square foot in the first
full year of operation:

                           (i) Costs of supplies;

                           (ii) Costs incurred in connection with obtaining and
providing energy for the Building, including, but not limited to, costs of
propane, butane, natural gas, steam, electricity, fuel oils, coal or any other
energy sources, except if separately metered to the Leased Premises, in which
case Tenant shall pay 100% of its metered amount and it's portion of any common
metered utility;

                           (iii) Costs of water and sanitary sewer and storm
drainage services;

                           (iv) Costs of general maintenance and repairs,
including costs of heating, ventilation and air conditioning systems and the
cost of exterior building and roof maintenance and repairs;

                           (v) Cost of insurance;

                           (vi) Costs of maintenance and replacement of
landscaping;

                           (vii) Labor costs associated with operation,
maintenance, and management of the Building; and management fees.

             (b) Exclusion from Operating Costs. "Operating Costs" shall not
include:

                           (i) Insurance deductibles and the costs of repairs or
other work occasioned by fire, windstorm or other insured casualty to the extent
of insurance proceeds received;

                           (ii) Leasing commissions, advertising, advertising
expenses, Tenant finish allowances and other costs incurred in leasing space in
the Building;

                           (iii) Costs of repairs or building necessitated by
condemnation or necessitated by faulty or substandard initial construction;

                                       -5-

<PAGE>   9

                           (iv) Any interest on borrowed money or debt
amortization, except as specifically set forth above;

                           (v) Depreciation on the Building;

                           (vi) Any settlement, payment or judgment incurred by
Landlord or the Building manager due to their willful misconduct or gross
negligence;

                           (vii) Cost of any damage to the Building caused
directly by Landlord's willful misconduct or gross negligence, as established by
a court of law, whether or not covered by insurance;

                           (viii) Cost of capital improvements (as defined under
the Internal Revenue Code) and structural repairs or reconstruction of any
portion of the Building;

                           (ix) Costs of providing utility lines to the Building
or repairing such lines if they break (but not if they are plugged by Tenant's
usage).

                  (c) Warranties. Tenant shall be entitled to reimbursement for
any amounts collected by Landlord under any manufacturer's warranty on any
systems or machinery used in the Building; provided that Tenant has previously
paid to Landlord the repair expense relating to Landlord's warranty claim.

                  (d) Payment. Beginning on the Commencement Date, Landlord
shall supply Tenant with written notice of Landlord's estimate of the Operating
Expenses that will be incurred or accrued during the current calendar year (the
"Deposit Year"). On or before the first day of each month during such Deposit
Year, Tenant shall pay to Landlord one-twelfth of Tenant's Proportional Share of
the estimated amount. If the monthly deposit amount is not determined in time
for Tenant to make the first payment on January 1 of the Deposit Year, then the
first monthly payment shall be due on the first day of the month immediately
following the date Landlord supplies Tenant with notice of the amount and the
first monthly payment(s) shall also include a payment equal to one-twelfth of
such additional sum multiplied by the number of calendar months which have
elapsed during the Deposit Year prior to the date Tenant makes its first
payment. If the total of the estimated payments made by Tenant during the
Deposit Year are less than Tenant's obligation under this Lease for Operating
Costs for the Deposit Year, then Tenant, within thirty (30) days of the billing
therefor, shall pay the deficiency to Landlord. If the total of the Tenant's
estimated payments for the Deposit Year exceed Tenant's obligation for excess
Operating Costs for such year, then the surplus shall be handled in the manner
provided in the second to last sentence of Section 5.2(c).

         5.4 Audit and Adjustment Procedures.

                  (a) The annual determination and statement of Taxes and
Operating Costs shall be prepared in accordance with generally accepted
accounting principles. In the event of any dispute as to any Rent due under this
Lease, Tenant shall have the right to inspect Landlord's

                                       -6-

<PAGE>   10

accounting records relative to Taxes and Operating Costs at the office in which
Landlord maintains its records during normal business hours at any time
following the furnishing by Landlord to Tenant of the statement. Any errors
shall be adjusted accordingly.

                  (b) If the Term of this Lease commences on any day other than
the first day of the month, or if the Term of this Lease ends on any day other
than the last day of the month, any payment due to Landlord by reason of an
increase in Taxes or Operating Costs shall be prorated on the basis by which the
number of days in such partial year bears to 365.

                  (c) All sums which Tenant is required to pay or discharge
pursuant to Section 5 of this Lease in addition to Base Rent, together with any
interest or other sums which may be added for late payment, shall constitute
"Rent".

                                    SECTION 6
                                  HOLDING OVER

         6.1 Rent Increase. Should Tenant hold over after the termination of
this Lease, on account of a Tenant Event of Default which is not timely cured,
or if Tenant holds over at the expiration of this Lease for more than
one-hundred twenty (120) days after receipt of Landlord's written notice to
vacate, Tenant shall become a tenant from day-to-day upon each and all of the
terms herein provided as may be applicable to such a tenancy, and any such
tenancy shall not constitute an extension of this Lease; provided, however,
during the period as a tenant from day-to-day, Tenant shall pay Base Rent at
125% the rate payable for the month immediately preceding the date of
termination of this Lease and, in addition, Tenant shall reimburse Landlord for
all damages (consequential, as well as direct) sustained by it by reason of
Tenant's occupying the Premises past the termination date. Alternatively, unless
Landlord has provided Tenant with a notice to vacate not less than one-hundred
twenty (120) days prior to the expiration of this Lease, the retention of
possession past the termination date shall constitute a month-to-month tenancy
upon each and all of the terms of this lease as may be applicable to a
month-to-month tenancy except that Tenant shall be entitled to a one-hundred
twenty (120) day notice period prior to being required to vacate the Premises.

                                    SECTION 7
                                BUILDING SERVICES

         7.1 Interruption of Standard Services. Tenant agrees that Landlord
shall not be liable for failure to supply any heating, air conditioning,
janitorial services, electric current, or any other utility during any period
when Landlord uses reasonable diligence to restore or to supply such services or
utility. Landlord reserves the right to temporarily discontinue such services at
times as may be necessary by reason of accident, repairs, alterations, or
improvements, or whatever by reason of strikes, lockouts, riots, acts of God, or
any other happening or occurrence beyond the reasonable control of Landlord,
provided such discontinuance does not substantially interfere with Tenant's
business operations.

                                       -7-

<PAGE>   11

         7.2 Telephone. Tenant shall separately arrange with the applicable
local public authorities or utilities, as the case may be, for the furnishing of
and payment for all telephone services as may be required by Tenant in the use
of the Premises. Tenant shall directly pay for such telephone services,
including the establishment and connection thereof, at the rates charged for the
services by the authority or utility, and the failure of Tenant to obtain or to
continue to receive the services for any reason whatsoever shall not relieve
Tenant of any of its obligations under this Lease. Landlord shall supply
sufficient telephone lines into the Building for Tenant's connection.

         7.3 Above-Standard Service Requirements. Landlord's original design
shall include HVAC equipment adequately sized for Tenant's needs. If Tenant
thereafter adds heat-generating machines or any equipment which cause the
temperature in the Premises, or any part, to exceed the temperatures that the
Building's air conditioning and other cooling systems would be able to maintain
in the Premises were it not for the heat-generating equipment then Landlord
reserves the right to install supplementary air conditioning units in the
Premises, and the cost, including the cost of installation and the cost of
operation and maintenance thereof, shall be paid by Tenant to Landlord upon
demand by Landlord. If Tenant requires electric current, water, or any other
energy in excess of that which is reasonably obtainable from existing electrical
outlets or water pipes, and which is, in Landlord's opinion, above normal for
use of the Premises, Tenant shall first procure the consent of Landlord, which
Landlord may not unreasonably refuse. If Landlord consents to such excess
electric, water, or other energy requirements, Tenant shall, on demand, pay all
costs of meter service and installation of facilities necessary to measure
and/or furnish such excess capacity. Tenant shall also pay the entire cost of
such additional electricity, water, or other energy used.

                                    SECTION 8
                              CONDITION OF PREMISES

         8.1 Acceptance Upon Possession. Tenant, by taking possession of the
Premises, shall be deemed to have agreed that the Premises were, as of the date
of taking possession, in good order, repair, and condition and satisfactorily
completed in accordance with Landlord's obligations under this Lease. No promise
of Landlord to alter, remodel, decorate, clean or improve the Premises, the
Building, or the Property and no representation or warranty, express or implied,
respecting the condition of the Premises, the Building, or the Property has been
made by Landlord to Tenant, unless the same is contained in this Lease, the Work
Agreement, the Plans or some other written agreement. This Lease does not grant
any rights to light or air over the Premises or the Property. Landlord warrants
that the Premises will be delivered to Tenant in good and workmanlike condition,
free from defects for a period of one (1) year at Landlord's sole cost and
expense (and not as an operating cost past through).

                                       -8-

<PAGE>   12

                                    SECTION 9
                             USE OF LEASED PREMISES

         9.1 Use. The Leased Premises shall not be used other than for the
purpose set forth in Section 1 of this Lease. Tenant's use shall at all times
comply with all applicable laws, ordinances, regulations, or other governmental
ordinances in existence.

         9.2 Hazardous Use. Tenant agrees that it will not keep, use, sell or
offer for sale in or upon the Leased Premises any article which may be
prohibited by any insurance policy in force from time to time covering the
Building. In the event Tenant's occupancy or conduct of business in or on the
Leased Premises, whether or not Landlord has consented to the same, results in
any increase in premiums for the insurance carried from time to time by Landlord
with respect to the Building, Tenant shall pay any such increase in premiums as
Rent within ten (10) days after bills for such additional premiums shall be
rendered by Landlord. Tenant shall promptly comply with all reasonable
requirements of the insurance authority or of any insurer now or hereafter in
effect relating to the Leased Premises.

         9.3 No Waste. Tenant shall not commit, suffer, nor permit any waste,
damage, disfiguration, or injury to the Leased Premises or the Building's common
areas or the fixtures and equipment located in or on the Building, or permit or
suffer any overloading of the floors and shall not place any safes, heavy
business machinery, or other heavy things in the Premises other than as
specifically provided for in the Work Agreement and Plans, without first
obtaining the written consent of Landlord and, if required by Landlord, of
Landlord's architect, and shall not use or permit to be used by any part of the
Leased Premises for any dangerous, noxious, or offensive trade or business, and
shall not cause or permit any nuisance, noise, or action in, at, or on the
Leased Premises. Landlord shall not withhold its consent to Tenant's
installation of additional machinery and equipment as long as Tenant agrees to
make any modifications to the Premises which are necessary for the safe
installation and operation of said equipment or machinery.

         9.4 Protection Against Insurance Cancellation. If any insurance policy
on the Building or any part thereof shall be canceled or if cancellation shall
be threatened, or if the coverage shall be reduced or be threatened to be
reduced, in any way by reason of the use of occupation of the Leased Premises or
any part thereof by Tenant, any assignee or subtenant of Tenant, or by anyone
permitted by Tenant to be upon the Leased Premises, and if Tenant fails to take
reasonable efforts to remedy the condition giving rise to the cancellation,
threatened cancellation, reduction, or threatened reduction of coverage within
forty-eight (48) hours after written notice or to complete the remedy within ten
(10) days after notice, Landlord may, at its option, enter upon the Leased
Premises and attempt to remedy the condition, and Tenant shall forthwith pay the
cost to Landlord as additional Rent. Landlord shall not be liable for any damage
or injury caused to any property of Tenant or of others located on the Leased
Premises as a result of such entry unless such damage or injury is a result of
Landlord's gross negligence.

                                       -9-

<PAGE>   13

                                   SECTION 10
                               COMPLIANCE WITH LAW

         10.1 Compliance. Tenant shall not use the Premises or permit anything
to be done in or about the Premises which will in any way conflict with any law,
statute, ordinance, or governmental rule or regulation now in force or which may
hereafter be enacted or promulgated. Tenant shall, at its sole cost and expense,
promptly comply with all laws, statutes, ordinances, and governmental rules,
regulations, or requirements now in force or which may hereafter be in force,
and with the requirements of any board of fire underwriters or other similar
body now or hereafter constituted relating to or affecting the condition, use,
or occupancy of the Premises, excluding structural changes not related to or
affected by Tenant's improvements or acts.

                                   SECTION 11
                             ALTERATIONS AND REPAIRS

         11.1 Tenant to Maintain. Tenant shall, at its sole expense, keep the
Premises in good repair and tenantable condition during the Term of this Lease,
provided, however, that the Landlord warrants that the Premises shall be
delivered to Tenant in good and workmanlike condition, free from defects for the
first year of the Lease Term, at Landlord's sole cost and expense. Tenant shall
not, without the prior written consent of the Landlord, whose consent shall not
be unreasonably withheld so long as Tenant demonstrates financial assurance of
its ability to restore the Premises to original condition, make any alterations,
improvements, or additions to the Premises in excess of $25,000.00 per project,
including, but not limited to, partitions, wall coverings, floor coverings, and
special lighting or equipment installations. Prior to commencement of any
alterations, improvements, or additions, Tenant shall submit to Landlord a set
of fully detailed working drawings and specifications for the proposed
alteration, prepared by a licensed architect, or engineer, approved by the
Landlord. In particular, but not as a limitation, the working drawings must
fully detail changes to mechanical, wiring, electrical, lighting, plumbing, and
HVAC systems to landlord's satisfaction. Landlord may refuse to consent to the
alterations because of the inadequacy of the drawings and specifications. All
alterations, improvements, or additions, whether temporary or permanent in
character, made by Landlord or Tenant in or upon the Premises shall become
Landlord's property and shall remain upon the Premises at the termination of
this Lease by lapse of time or otherwise, without compensation to Tenant
(excepting only Tenant's movable office furniture, trade fixtures, manufacturing
equipment and machinery and office and professional equipment or other personal
property). Tenant shall promptly pay to Tenant's contractors, when due, the cost
of all work and of all decorating, and upon completion, deliver to Landlord, if
payment is made directly to Tenant's contractors, evidence of payment and
waivers of all liens for labor, services, or materials. Tenant shall defend and
hold Landlord, the Premises, the Building, and the Property harmless from all
costs, damages, liens for labor, services, or materials relating to the work,
and shall defend and hold Landlord harmless from all costs, damages, liens, and
expenses related to the work. If Landlord incurs any expenses in the removal of
trash or cleaning as a result of Tenant's contractor's work, then Tenant agrees
it shall reimburse Landlord within seven (7) days of billing.

                                      -10-

<PAGE>   14

         11.2 Protection Against Liens. At least five (5) days prior to the
commencement of any work on the Leased Premises in excess of $25,000.00, Tenant
shall notify Landlord of the names and addresses of the persons supplying labor
and materials for the proposed work so that Landlord may avail itself of the
provisions of statutes such as Section 38-22-105(2) of the Colorado Revised
Statutes (1973), or any successor statutory provision. During the progress of
any work on the Leased Premises, Landlord or its representatives shall have the
right to post and keep posted thereon notices such as those provided for by
Sections 38-22-105(2) (C.R.S. 1973) or to take any further action which Landlord
may deem to be proper for the protection of Landlord's interest in the Leased
Premises.

         11.3 Condition on Surrender. Tenant shall, at the termination of this
Lease, surrender the Premises to Landlord in as good condition and repair as
reasonable and proper use will permit, loss by ordinary wear and tear, fire, and
other insured against casualty excepted.

         11.4 Damage by Tenant. If any part of the Building or other
improvements become damaged or are destroyed through the negligence,
carelessness, or misuse of Tenant, its servants, agents, employees, or anyone
permitted by Tenant to be in the Building, or through Tenant or such parties,
which damage is not covered by applicable policies of insurance, then the cost
of necessary repairs, replacements, or alterations shall be borne by Tenant, who
shall, on demand, forthwith pay the same to Landlord as Rent.

                                   SECTION 12
                                   ABANDONMENT

         12.1 Disposition of Personal Property. Tenant shall not vacate or
abandon the Premises at any time during the Lease Term, and if Tenant shall
abandon, vacate, or surrender (whether at the end of the stated Term or
otherwise) the Premises, or shall be dispossessed by process of law or otherwise
and Tenant shall thereafter cease paying its Rent, then any personal property
belonging to Tenant left on the Premises shall be deemed abandoned and may be
sold or otherwise disposed of by Landlord without any liability to Tenant
whatsoever. Tenant shall not at any time remove Landlord's property or any
fixtures constituting property of Landlord from the Premises. Any removal of
Landlord's property from the Premises by Tenant shall constitute a material
breach of this Lease and Landlord shall have the right to take all reasonable
steps to stop or prevent such breach without such actions constituting a
constructive eviction of Tenant.

                                   SECTION 13
                            ASSIGNMENT AND SUBLETTING

         13.1 Limitation on Assignment or Subletting. Tenant shall not assign
this Lease, or any interest therein, and shall not sublet the Premises, or any
part thereof, or any right or privilege appurtenant thereto, or shall not suffer
any other person to occupy or use the Premises, or any portion thereof, without
the written consent of Landlord, which consent may not be unreasonably withheld.
Neither this Lease nor any interest therein shall be assignable as to the
interest of Tenant by operation of law without the written consent of Landlord,
which consent may not be unreasonably withheld.

                                      -11-

<PAGE>   15

         13.2 Acceptance of Performance; No Waiver. If this Lease is assigned,
or if the Premises or any part are sublet or occupied by anybody other than
Tenant, Landlord may, upon default by Tenant, collect the rent from the
assignee, subtenant, or occupant and apply the net amount collected to the Rent.
Upon assignment pursuant to the terms of this section, Tenant shall be relieved
of further liability under this Lease as to the assigned premises. Consent by
Landlord to any one assignment or subletting shall not in any way be construed
as relieving Tenant from obtaining the Landlord's expressed written consent to
any further assignment or subletting.

         13.3 Landlord to Approve Documents. All documents utilized by Tenant to
evidence any subletting or assignment to which Landlord has consented shall be
subject to prior approval by Landlord or its attorney. Tenant shall pay on
demand all Landlord's costs and expenses, including reasonable attorneys' fees,
incurred in determining whether or not to consent to any requested subletting or
assignment and in reviewing and approving such documentation which shall not
exceed $500.

                                   SECTION 14
                              SIGNS AND ADVERTISING

         Tenant shall not install, paint, display, inscribe, place, or affix any
sign, picture, advertisement, notice, lettering, or direction in the interior of
the Leased Premises which is visible from the outside of the Building, or on the
exterior of the Building without the prior written consent of Landlord unless
provided for in the Plans.

                                   SECTION 15
                      DAMAGE TO PROPERTY, INJURY TO PERSONS

         15.1 Damage by Tenant. Tenant agrees to pay for all damage to the
Building or the Premises, as well as all damage to tenants or occupants thereof
caused by Tenant's misuse or neglect of the Premises, its apparatus or
appurtenances, or caused by any licensee, contractor, agent, or employee of
Tenant. Notwithstanding the foregoing provisions, neither Landlord nor Tenant
shall be liable to one another for any loss, damage, or injury caused by its act
or neglect to the extent that the other party has recovered the amount of such
loss, damage, or injury from an insurer and the insurance company is bound by
this waiver of liability.

         15.2 Tenant's Property. Particularly, but not in limitation of the
foregoing paragraph, all property belonging to Tenant, or any occupant of the
Premises, that is in the Building or the Premises, shall be there at the risk of
Tenant or other person only, and Landlord or its agents or employees (except in
the case of gross negligence of Landlord or its agents or employees) shall not
be liable for: (i) damage to or theft or misappropriation of such property; (ii)
any damage to property entrusted to Landlord, its agents, or employees, if any;
(iii) loss of or damage to any property by theft or otherwise, by any means
whatsoever; (iv) any injury or damage to persons or property resulting from
fire, explosion, falling plaster, steam, gas, electricity, snow, hail, water, or
rain which may leak from any part of the Building or from the pipes, appliances,
or plumbing works therein or from the roof, street, subsurface, or from any
other place, or resulting from

                                      -12-

<PAGE>   16

dampness or any other cause whatsoever; or (v) interference with the light, air,
or other incorporeal hereditament. Tenant shall give prompt notice to Landlord
in case of fire or accidents in the Premises or in the Building or of observed
defects in the Building, its fixtures or equipment.

                                   SECTION 16
                               TENANT'S INSURANCE

         16.1 Insurance. Tenant shall, during the entire Term of this Lease, at
its sole cost and expense, obtain, maintain, and keep in full force and effect
the following types of insurance:

                  (a) All risk coverage insurance, including endorsements for
vandalism, malicious mischief, theft, sprinkler leakage, covering all of
Tenant's property, including, but not limited to, furniture, fittings,
equipment, installations, alterations, additions, partitions, fixtures, and
anything in the nature of a leasehold improvement in an amount equal to the full
replacement cost of such property without deduction for depreciation.

                  (b) Commercial general liability insurance, including bodily
injury and property damage, personal injury, contractual liability with respect
to all claims, demands, or actions by any person, firm, or corporation, in any
way arising from, related to, or connected with the conduct and operation of
Tenant's business in the Premises or Tenant's use of the Premises. Such policies
shall be written on a comprehensive basis, with limits not less than
$1,000,000.00, and such higher limits as Landlord or the mortgagees of Landlord
may require from time to time, but may not be unreasonably required.

                  (c) Any other form or forms of insurance as the mortgagees of
Landlord may reasonably require from time to time in form, in amounts and for
insurance risks against which a prudent tenant would protect itself.

         16.2 Evidence. All policies shall be taken out with insurers acceptable
to Landlord and in form satisfactory from time to time to Landlord. Tenant
agrees that certificates of insurance or, if required by Landlord or the
mortgagees of Landlord, copies of each such insurance policy will be delivered
to Landlord as soon as practicable after the placing of the required insurance,
but in no event later than five (5) days after Tenant takes possession of all or
any part of the Leased Premises. All policies shall require that at least thirty
(30) days' prior written notice be delivered to Landlord by the insurer prior to
termination, cancellation, or material change in such insurance.

         16.3 Proceeds. Tenant agrees that in the event of damage or destruction
to the leasehold improvements in the Leased Premises covered by insurance
required to be taken out by Tenant pursuant to this Section, Tenant shall use
the proceeds of the insurance for the purpose of building leasehold improvements
appropriate to the continuation of Tenant's business from the Premises. Landlord
shall have the right to review and approve the plans, which approval will not be
unreasonably withheld. In the event of damage or destruction of the Building
entitling the Landlord to terminate this Lease pursuant to Section 17, then, if
the Leased Premises have also been damaged, Tenant will pay to Landlord all of
its insurance proceeds relating to the leasehold

                                      -13-

<PAGE>   17

improvements in the Leased Premises owned by Landlord pursuant to the terms of
the Lease, and if the Leased Premises have not been damaged, Tenant will deliver
to Landlord, in accordance with the provisions of this Lease, the leasehold
improvements and the Leased Premises.

                                   SECTION 17
                              DAMAGE OR DESTRUCTION

         17.1 Right to Terminate. If the Premises or the Building are damaged by
fire or other insured casualty, and the insurance proceeds have been made
available by the holder or holders of any mortgages or deeds of trust covering
the Building, the damage shall be repaired by and at the expense of Landlord to
the extent of such insurance proceeds available, provided such repairs can, in
Landlord's reasonable discretion, be completed within one hundred twenty (120)
days after the occurrence of such damage, without the payment of overtime or
other premiums. Until the repairs are completed, the Rent shall be abated in
proportion to the part of the Premises which is unusable by Tenant in the
conduct of its business. If repairs cannot, in Landlord's reasonable discretion,
be made within said one hundred twenty (120) day period, Landlord shall notify
Tenant within sixty (60) days of the date of occurrence of the damage as to
whether or not Landlord elects to make the repairs. If Landlord elects not to
make the repairs, then either party may, by written notice to the other, cancel
this Lease as of the date of the occurrence of the damage. Except as provided in
this Section 17, there shall be no abatement of Rent and no liability of
Landlord by reason of any injury, inconvenience, temporary limitation of access
or interference to or with Tenant's business or property arising from the making
of any necessary repairs, or any alterations or improvements in or to any
portion of the Building or the Premises, or in or to fixtures, appurtenances,
and equipment therein necessitated by the damage. Tenant understands that
Landlord will not carry insurance of any kind on Tenant's furniture and
furnishings or on any fixtures or equipment removable by Tenant under the
provision of this Lease, and that Landlord shall not be required to repair any
injury or damage caused by fire or other cause, or to make any repairs or
replacements to or of improvements installed in the Premises by or for Tenant at
Tenant's cost.

         17.2 Landlord's Insurance. Landlord covenants and agrees that,
throughout the Lease Term, it will insure the Building (excluding foundations,
excavations and other non-insurable items) and the machinery, boilers, and
equipment contained therein owned by Landlord (excluding any property with
respect to which Tenant is obliged to insure pursuant to the provisions of
Section 16 thereof) against damage by fire and extended perils coverage in such
reasonable amounts as would be carried by a prudent owner of a similar property
in the same locale. Landlord will also, throughout the Term, carry commercial
general liability, property damage and loss of rent insurance with respect to
the operation of the Premises in reasonable amounts as would be carried by a
prudent owner of a similar property in the same locale. Landlord may, but shall
not be obligated to, take out and carry any other form or forms of insurance as
it or the mortgagees of Landlord may reasonably determine to be advisable.
Tenant shall pay its proportionate share for all such insurance carried by
Landlord as an Operating Cost, provided that such insurance is not duplicative
of the insurance obtained pursuant to Section 16.1. Notwithstanding any
contribution by Tenant to the cost of insurance premiums, Tenant acknowledges
that it has no right to receive any proceeds from the insurance policies carried
by

                                      -14-

<PAGE>   18

Landlord, and that the insurance will be for the sole benefit of Landlord, with
no coverage for Tenant for any risk insured against.

                                   SECTION 18
                                ENTRY BY LANDLORD

         Landlord and its agents, upon giving 24 hours notice, shall have the
right to enter the Premises during normal business hours for the purpose of
examining or inspecting the same, to supply any services to be provided by
Landlord to Tenant hereunder, to show same to prospective purchasers or tenants
of the Premises, and to make such alterations, repairs, improvements, or
additions, whether structural or otherwise, to the Premises or to the Building
as Landlord may deem necessary or desirable. Landlord may enter by means of a
master key, without liability to Tenant except for any failure to exercise due
care for Tenant's property, and without affecting this Lease. Landlord shall use
reasonable efforts on any such entry not to unreasonably interrupt or interfere
with Tenant's use and occupancy of the Premises. Landlord may enter the Premises
at any time in the case of an emergency. Landlord will only show the Premises to
prospective Purchasers or Tenants upon twenty-four (24) hours notice and then
only with a representative of Tenant present in order to protect the
confidentiality and trade secret aspects of Tenant's operations.

                                   SECTION 19
                                DEFAULT BY TENANT

         19.1 Events of Default. Each one of the following events is referred to
as an "Event of Default":

                  (a) Tenant shall fail to make due and punctual payment of Rent
or any other amounts payable hereunder, and such failure shall continue for
fifteen (15) days after receipt of written notice from Landlord.

                  (b) Tenant shall vacate or abandon the Premises and cease
payment of Rent, or remove leasehold improvements or fixtures constituting
property of Landlord;

                  (c) This Lease shall be transferred to or shall pass to or
devolve upon any other person or party except in the manner set forth in Section
13;

                  (d) This Lease or the Premises or any part thereof shall be
taken upon execution or by other process of law directed against Tenant, or
shall be taken upon or subject to any attachment at the instance of any creditor
of, or claimant against Tenant, and said attachment shall not be discharged or
disposed of within sixty (60) days after the levy;

                  (e) Tenant shall file a petition in bankruptcy or insolvency
or for reorganization or arrangement under the bankruptcy laws of the United
States or under any insolvency act of any state, or shall voluntarily take
advantage of any such law or act by answer or otherwise, or shall be dissolved
or shall make an assignment for the benefit of creditors;

                                      -15-

<PAGE>   19

                  (f) Involuntary proceedings under any such bankruptcy law or
insolvency act or for the dissolution of Tenant shall be instituted against
Tenant, or a receiver or trustee shall be appointed of all or substantially all
of the property of Tenant, and such proceedings shall not be dismissed or such
receivership or trusteeship vacated within sixty (60) days after such
institution or appointment;

                  (g) Tenant shall fail to pay Rent and shall fail to take
possession of the Premises thirty (30) days following the earlier of the date
the Premises are Ready for Occupancy or the Commencement Date;

                  (h) Tenant shall fail to perform any of the other agreements,
terms, covenants or conditions of this Lease on Tenant's part to be performed,
and such nonperformance shall continue for a period of thirty (30) days after
written notice by Landlord to Tenant, or if such performance cannot be
reasonably had within such thirty (30) day period, Tenant shall not in good
faith have commenced such performance within such thirty (30) day period and
shall not thereafter diligently proceed to completion.

         19.2 Remedies of Landlord. If any one or more Events of Default shall
happen which are not timely cured, then Landlord shall have the right at
Landlord's election, or at any time thereafter, to reenter and take possession
of the Premises or any part thereof by proper legal process and repossess the
same as Landlord's former estate and expel Tenant and those claiming through or
under Tenant, and remove the effects of both or either, without being deemed
guilty of any manner of trespass, and without prejudice to any remedies for
arrears of Rent or breach of covenants or prior conditions and without
terminating this Lease. Should Landlord elect to reenter as provided in this
Subsection, or should Landlord take possession pursuant to legal proceedings or
pursuant to any notice provided for by law including a proceeding for possession
pursuant to Colorado's Forcible Entry and Unlawful Detainer Statutes, Landlord
may, from time to time, without terminating this Lease either:

                  (a) (i) Relet the Premises or any part thereof in Landlord's
or Tenant's name, but for the account of Tenant, for a term or terms (which may
be greater or less than the period which would otherwise have constituted the
balance of the term of this Lease) and on conditions and upon other terms (which
may include repair of the Premises) as Landlord, in its commercially reasonable
discretion, may determine, and Landlord may collect and receive the rents.
Landlord shall use reasonable efforts to relet the Premises and maximize the
income generated by the Premises. No reentry or taking possession of the
Premises by Landlord shall be construed as an election on Landlord's part to
terminate this Lease unless a written notice of such intention be given to
Tenant. No notice from Landlord hereunder or under a forcible entry and unlawful
detainer statute or similar law shall constitute an election by Landlord to
terminate this Lease unless such notice specifically so states. Landlord
reserves the right following any reentry and/or reletting to exercise its right
to terminate this Lease by giving Tenant written notice, in which event the
Lease will terminate as specific in the notice.

                                      -16-

<PAGE>   20

                           (ii) If Landlord elects to take possession of the
Premises as provided in this Subsection (a) without terminating the Lease,
Tenant shall pay to Landlord (1) the Rent and other sums due under this Lease
which would be payable if repossession had not occurred, less (2) the net
proceeds, if any, of any reletting of the Premises after deducting Landlord's
expenses in connection with the reletting as follows: all repossession costs,
brokerage commissions, legal expenses and attorneys' fees, repair costs, and the
cost, prorated based on the number of years remaining under the Primary Term of
this Lease, of "freshening" the Premises for a new tenant, such as touch up
work, new paint and carpet, but not including the cost of the demolition and
replacement of the existing tenant finish work.

                  (b) To give Tenant written notice of intention to terminate
this Lease on the date of the notice, or on any later date specified in the
notice. Tenant's right to possession of the Premises shall cease and the Lease
shall thereupon be terminated, except as to Tenant's liability under this Lease,
as if the expiration of the term fixed in the notice were the end of the term
originally demised. If this Lease is terminated pursuant to the provisions of
this Subsection (b), or terminated pursuant to a proceeding for possession under
the Colorado Forcible Entry and Unlawful Detainer Statutes, Tenant shall remain
liable to Landlord for damages in an amount equal to the Rent and other sums
which would have been owing by Tenant under this Lease for the balance of the
Term had this Lease not been terminated, less the net proceeds, if any, of any
reletting of the Premises by Landlord subsequent to the termination, after
deducting Landlord's expenses in connection with such reletting, including the
expenses enumerated in Subsection (a) above. Landlord shall be entitled to
collect damages from Tenant monthly on the days on which the Rent and other
amounts would have been payable if this Lease had not been terminated.

         19.3 Cumulative Remedies. Suit or suits for the recovery of the Rent
and other amounts and damages may be brought by Landlord, from time to time, at
Landlord's election, and nothing in this Lease shall be deemed to require
Landlord to await the date when this Lease or its Term would have expired by
limitation had there been no default by Tenant, or no termination, as the case
may be. Each right and remedy provided for in this Lease shall be cumulative and
shall be in addition to every other right or remedy provided for in this Lease
or now or hereafter existing at law or in equity or by statute or otherwise
including but not limited to suits for injunctive relief and specific
performance. The exercise or beginning of the exercise by Landlord of any one or
more of the rights or remedies provided for in this Lease or now or hereafter
existing at law or in equity by statute or otherwise shall not preclude the
simultaneous or later exercise by Landlord of any or all rights or remedies
provided for in this Lease or now or hereafter existing at law or in equity or
by statute or otherwise. All such rights and remedies shall be considered
cumulative and non-exclusive. All costs incurred by Landlord in connection with
collecting any Rent or other amounts and damages owing by Tenant pursuant to the
provisions of this Lease, or to enforce any provision of this Lease, including
reasonable attorney's fees from the date such matter is turned over to an
attorney, and an action is commenced by Landlord, shall also be paid by Tenant
to Landlord.

         19.4 No Waiver. No failure by Landlord to insist upon the strict
performance of any agreement, term, covenant or condition of this Lease or to
exercise any right or remedy consequent upon a breach, and no acceptance of full
or partial payment of Rent during the

                                      -17-

<PAGE>   21

continuance of any breach, shall constitute a waiver of any breach or of the
agreement to be performed or complied with by Tenant, and no breach shall be
waived, altered or modified except by written instrument executed by Landlord.
No waiver of any breach shall affect or alter this Lease, but each and every
agreement, term, covenant and condition shall continue in full force and effect
with respect to any other then existing or subsequent breach. Notwithstanding
any termination of this Lease, the same shall continue in force and effect as to
any provisions which require observance or performance by Landlord or Tenant
subsequent to such termination.

         19.5 Bankruptcy. Nothing contained in this Section 19 shall limit or
prejudice the right of Landlord to prove and obtain as liquidated damages in any
bankruptcy, insolvency, receivership, reorganization or dissolution proceeding,
an amount equal to the maximum allowed by any statute or rule of law governing
such a proceeding, and in effect at the time when such damages are to be proved,
whether or not the amount is greater, equal to or less than the amounts
recoverable, either as damages or Rent, referred to in any of the preceding
provisions of this Section. Notwithstanding anything contained in this Section
to the contrary, any such proceeding or action involving bankruptcy, insolvency,
reorganization, arrangement, assignment for the benefit of creditors, or
appointment of a receiver or trustee, as set forth above, shall be considered to
be an event of default only when the proceeding, action or remedy shall be taken
or brought by or against the then holder of the leasehold estate under this
Lease.

                                   SECTION 20
                                      TAXES

         During the Term hereof, Tenant shall pay, prior to delinquency, all
business and other taxes, charges, notes, duties and assessments levied, and
rates or fees imposed, charged, or assessed against or in respect of Tenant's
occupancy of the Leased Premises or in respect of the personal property, trade
fixtures, furnishings, equipment, and all other personal property of Tenant
contained in the Premises, and shall hold Landlord harmless from and against all
payment of such taxes, charges, notes, duties, assessments, rates, and fees, and
against all loss, costs, charges, and expenses occasioned by or arising from any
and all such taxes, charges, notes, duties, assessments, rates, and fees. Tenant
shall cause the fixtures, furnishings, equipment and other personal property to
be assessed and billed separately from the real and personal property of
Landlord. If any or all of Tenant's fixtures, furnishing, equipment, and other
personal property shall be assessed and taxed with Landlord's real property,
Tenant shall pay to Landlord Tenant's share of such taxes within ten (10) days
after delivery to Tenant by Landlord of a statement in writing setting forth the
amount of such taxes applicable to Tenant's property. Tenant agrees to provide
financial statements if so requested in writing by any lender holding a security
interest in the Property or the Building. All of the above documents shall be
considered confidential and only disclosed or used for Landlord's appropriate
business purposes.

                                      -18-

<PAGE>   22

                                   SECTION 21
                                 EMINENT DOMAIN

         21.1 If the Building, or a substantial part thereof, or a substantial
part of the Premises or Common Areas, shall be lawfully taken or condemned (or
conveyed under threat of such taking or condemnation) for any public or
quasi-public use or purpose, the Term of this Lease shall end upon, and not
before, the date of the taking of possession by the condemning authority.
Current Rent shall be apportioned as of the date of termination. If any part of
the Building, other than the Premises or not constituting a substantial part of
the Premises, shall be so taken or condemned (or conveyed under threat of such
taking or condemnation), or if the grade of any street adjacent to the Building
is changed by any competent authority and such taking or change of grade makes
it necessary or desirable to substantially remodel or restore the Building,
which could not be accomplished without the total relocation of Tenant, Landlord
shall have the right to cancel this Lease upon not less than sixty (60) days'
notice prior to the date of cancellation designated in the notice. No money or
other consideration shall be payable by Landlord to Tenant for the right of
cancellation, and Tenant shall have no right to share in any condemnation award,
or in any judgment for damages, or in any proceeds of any sale made under any
threat of condemnation or taking. Nothing in this Section shall prevent Tenant
from making and pursuing a claim against the condemning authority in its own
right for termination of its leasehold interest, moving costs and other amounts
to which Tenant may be entitled. If this Lease is not canceled, the Lease shall
continue in full force and effect, and Rent shall be equitably abated in
proportion to any reduction in the size and utility of the Premises.

                                   SECTION 22
                  SUBORDINATION TO MORTGAGES AND DEEDS OF TRUST

         22.1 Lease Subordinate to Mortgages.

                  (a) Landlord agrees to require each lienholder against the
Premises to execute a non-disturbance agreement in favor of Tenant. This Lease
and the rights of Tenant shall be and are hereby made subject and subordinate to
the lien of any mortgages or deeds of trust as to which Tenant has received a
non-disturbance agreement now or hereafter existing against the Building, the
Property or both, and to all renewals, modifications, consolidations,
replacements and extensions thereof and to all advances made now or in the
future. Although the subordination shall be selfoperating, Tenant, or its
successors in interest, shall upon Landlord's request, execute and deliver upon
the demand of Landlord any and all instruments desired by Landlord,
subordinating, in the manner reasonably requested by Landlord, this Lease to any
mortgage or deed of trust. Landlord is hereby irrevocably appointed and
authorized as agent and attorney-in- fact of Tenant to execute all subordination
instruments if Tenant fails to execute the instruments within ten (10) days
after notice from Landlord demanding their execution. The notice may be given in
the manner provided for giving notice below.

                  (b) Should any mortgage or deed of trust affecting the
Building, the Property or both be foreclosed by a Lender which has granted
Tenant a non-disturbance agreement, then: (i) the liability of the mortgagee,
beneficiary or purchaser at the foreclosure sale to Tenant shall

                                      -19-

<PAGE>   23

exist only so long as the mortgagee, beneficiary, or purchaser is the owner of
the Building and/or Property and the liability shall not continue or survive
after further transfer of ownership; and (ii) Tenant shall be deemed to have
attorned, as Tenant under this Lease, to the purchaser at any foreclosure sale
and this Lease shall continue in force and effect as a direct lease between and
binding upon Tenant and the purchaser at any foreclosure sale. As used in this
Section 22, "mortgagee" and "beneficiary" shall include successors and assigns
of any such party, whether immediate or remote, the purchaser of any mortgage or
deed of trust, whether at foreclosure or otherwise, and the successors,
assignees, mortgagees, and beneficiaries of such purchaser, whether immediate or
remote.

         22.2 Tenant's Notices. In the event of any act or omission by Landlord
under this Lease which would give Tenant the right to terminate this Lease, or
to claim a partial or total eviction, Tenant will not exercise any such right
until:

                  (a) it has given thirty days written notice (by United States
certified or registered mail, postage prepaid) of such act or omission to the
holder of any mortgage or deed of trust on the Property (whose names and
addresses Landlord has previously furnished to Tenant) with a copy to Joel C.
Davis, Dietze & Davis, P.C., P.O. Box 1530, Boulder, Colorado 80306; and
O'Connor Development, 287 Century Circle, Suite 101, Louisville, Colorado 80027;
and

                  (b) any holder of any mortgage or deed of trust on the
Property shall, following the giving of such notice, have failed with reasonable
diligence to commence and to pursue reasonable action to remedy the act or
omission within not more than sixty (60) days.

                                   SECTION 23
                                     WAIVER

         The waiver by Landlord of any breach of any term, covenant, or
condition in this Lease shall not be deemed to be a waiver of the term,
covenant, or condition, or any subsequent breach of the same or any other term,
covenant or conditions. The acceptance of Rent hereunder shall not be construed
to be a waiver of any breach by Tenant of any term, covenant, or condition of
this Lease, it being understood and agreed that the remedies given to Landlord
shall be cumulative, and the exercise of any one remedy by Landlord shall not be
to the exclusion of any other remedy.

                                   SECTION 24
                                   SUBROGATION

         The parties to this Lease agree that any and all fire and extended
coverage insurance which is required to be carried by either shall be endorsed
with a subrogation clause, substantially as follows: "This insurance shall not
be invalidated should the insured waive, in writing, prior to a loss, any and
all right of recovery against any party for loss occurring to the property
described herein." Each party waives all claims for recovery from the other
party, its officers, agents or employees for any loss or damage (whether or not
such loss or damage is caused by negligence of the other party, and
notwithstanding any provisions contained in this Lease to the contrary) to any

                                      -20-

<PAGE>   24

of its real or personal property insured under valid and collectible insurance
policies to the extent of the collectible recovery under the insurance.

                                   SECTION 25
                                PLATS AND RIDERS

         Appendices, clauses, plats, and riders, if any, referred to in this
Lease and signed or initialed by Landlord and Tenant and affixed to this Lease
are hereby incorporated in and made a part of this Lease.

                                   SECTION 26
                                SALE BY LANDLORD

         In the event of a sale or conveyance or transfer by Landlord of its
interest in the Property and/or in the Building containing the Premises, and/or
in this Lease to a financially capable and responsible party, the same shall
operate to release Landlord from any future liability upon any of the covenants
or conditions, expressed or implied, contained in favor of Tenant, and in that
event, Tenant agrees to look solely to the responsibility of the successor in
interest of Landlord in and to this Lease. This Lease shall not be affected by
any such conveyance or transfer, and Tenant agrees to attorn to such purchaser
or transferee.

                                   SECTION 27
                          RIGHT OF LANDLORD TO PERFORM

         All covenants and agreements to be performed by Tenant under any of the
terms of this Lease shall be performed by Tenant at Tenant's sole cost and
expense, and without any abatement of Rent. If Tenant shall fail to pay any sum
of money, other than Rent, required to be paid by it, or shall fail to perform
any other act on its part to be performed, and the failure shall continue for
thirty (30) days after written notice by Landlord, Landlord may, but shall not
be obligated to do so, and without waiving or releasing Tenant from any
obligations of Tenant, make any payment or perform any other act on Tenant's
part to be made or performed as in this Lease provided. All sums so paid by
Landlord and all necessary incidental costs, together with interest at the rate
of 4% over the Prime Rate announced from time to time by Norwest Bank, Denver,
from the date of a payment by Landlord, shall be payable to Landlord on demand,
and Tenant covenants to pay any such sums, and Landlord shall have (in addition
to any other right or remedy of Landlord) the same rights and remedies in the
event of the non-payment thereof by Tenant, as in the case of default by Tenant
in the payment of Rent.

                                   SECTION 28
                                 ATTORNEY'S FEES

         In the event of any litigation or arbitration between Tenant and
Landlord to enforce any provision of this Lease or any right of either party,
the unsuccessful party to such litigation or arbitration shall pay to the
successful party all costs and expenses, including reasonable attorney's fees,
incurred. Moreover, if Landlord, without fault, is made a party to any
litigation instituted by

                                      -21-

<PAGE>   25

or against Tenant, Tenant shall indemnify Landlord against, and protect, defend,
and save it harmless from, all costs and expenses, including attorney's fees,
incurred by Landlord.

                                   SECTION 29
                              ESTOPPEL CERTIFICATE

         Tenant shall, at any time and from time to time but not more often than
once per year, upon not less than ten (10) days' prior written notice from
Landlord, execute, acknowledge, and deliver to Landlord a statement in writing
certifying that this Lease is unmodified and in full force and effect (or if
modified, stating the nature of such modification and certifying that this
Lease, as so modified, is in full force and effect) and the dates to which the
Rent and other charges are paid, and acknowledging that Tenant is paying Rent on
a current basis with no offsets or claims, and there are not, to Tenant's
knowledge, any uncured defaults on the part of Landlord hereunder (or specifying
the offsets, claims, or defaults, if any are claimed). It is expressly
understood and agreed that any such statement may be relied upon by any
prospective purchaser or encumbrance of all or any portion of the Building or by
any other person to whom it is delivered. Tenant's failure to deliver the
statement within the required time shall be conclusive upon Tenant that this
Lease is in full force and effect, without modification except as may be
represented by Landlord, that there are no uncured defaults in Landlord's
performance, and that not more than two (2) months' rental have been paid in
advance.

                                   SECTION 30
                                     NOTICE

         Any notice from Landlord to Tenant or from Tenant to Landlord shall be
in writing and may be served personally or by mail. If served by mail, it shall
be mailed by registered or certified mail, return receipt requested, addressed
to Tenant at the Premises or to Landlord at the place from time to time
established for the payment of Rent. Notices shall be effective when delivered,
if served personally, or three (3) days after mailing, if mailed. If no one at
the premises is available to accept the notice, then it shall be deemed
effective upon the second refusal or returned mail delivery attempt.

                                   SECTION 31
                                 RIGHTS RESERVED

         Landlord and Tenant reserve the following rights, exercisable without
notice and without liability to Tenant for damage or injury to property, person,
or business, and without effecting an eviction, constructive or actual, or
disturbance of Tenant's use or possession, or giving rise to any claim for
set-off or abatement of rent:

                  (a) Landlord agrees to name the building the "Chaparral
Building" and not to change the name or address during the term of this Lease or
any extensions hereof, once Chaparral has leased and occupied the entire
building;

                                      -22-

<PAGE>   26

                  (b) Tenant agrees to install, affix, and maintain any and all
signs on the exterior and interior of the Building;

                  (c) Tenant agrees to retain at all times, and to use in
appropriate instances, keys to all doors within and into the Premises. No locks
or bolts shall be altered, changed, or added without the prior written consent
of Landlord.

                                   SECTION 32
                               REAL ESTATE BROKER

         32.1 The commission to be paid will be 2 1/2% of Base Rent paid by
Tenant during the full Primary Lease Term. Tenant, Shirley Allison, and
Prudential Wise McIntire Realtors have agreed to the commission being paid as
follows:

                  (a) Shirley Allison and Prudential Wise McIntire Realtors will
be paid 1/4 of 1% of Base Rent paid by Tenant during the full Primary Lease
Term.

                  (b) Tenant will receive an additional Build Out Allowance
equal to 2 1/4% of Base Rent paid by Tenant during the full Primary Lease Term.

                                   SECTION 33
                            MISCELLANEOUS PROVISIONS

                  (a) The words "re-enter", or "re-entry", as used in this
Lease, are not restricted to their technical legal meaning. The term "Landlord",
as used in this Lease, means only the Landlord from time to time, and upon
conveying or transferring its interest in compliance with Section 27. Landlord
shall be relieved from any further obligation or liability pursuant to Section
27.

                  (b) Time is of the essence of this Lease and of each and all
of its provisions.

                  (c) Submission of this instrument for examination or signature
by Tenant does not constitute a reservation of or an option for lease, and it is
not effective as a lease or otherwise until execution by both Landlord and
Tenant.

                  (d) The invalidity or unenforceability of any provision in
this Lease shall not affect or impair any other provisions.

                  (e) This Lease shall be governed by and construed pursuant to
the laws of the State of Colorado.

                  (f) Should any mortgagee or beneficiary under a deed of trust
require a modification of this Lease, which modification will not bring about
any increased cost or expense to Tenant or will not in any other way
substantially change the rights and obligations of Tenant hereunder, then and in
such event, Tenant agrees that this Lease may be so modified.

                                      -23-

<PAGE>   27

                  (g) All rights and remedies of Landlord under this Lease, or
those which may be provided by law, may be exercised by Landlord in its own name
individually, or in its name by its agent, and all legal proceedings for the
enforcement of any rights or remedies, including distress for rent, unlawful
detainer, and any other legal or equitable proceedings, may be commenced and
prosecuted to final judgment and be executed by Landlord in its own name
individually or in its name by its agent. Landlord and Tenant each represent to
the other that each has full power and authority to execute this Lease and to
make and perform the agreements herein contained, and Tenant expressly
stipulates that any rights or remedies available to Landlord, either by the
provisions of this Lease or otherwise, may be enforced by Landlord in its own
name individually or in its name by its agent or principal.

                  (h) The marginal headings and titles to the paragraphs of this
Lease are not a part of this Lease and shall have no effect upon the
construction or interpretation of any part hereof.

                  (i) Tenant acknowledges that there are no covenants,
representations, warranties, agreements, or conditions, expressed or implied,
collateral or otherwise, forming part of or in any way effecting or relating to
this Lease except as expressly set out in this Lease and the attachments and
exhibits to this Lease, and that the terms and provisions of this Lease may not
be modified or amended except by written instrument by both Landlord and Tenant.

                                   SECTION 34
                             SUCCESSORS AND ASSIGNS

         Subject to the terms and provisions of Section 13, the covenants and
conditions contained in this Lease shall apply to and bind the respective heirs,
successors, executors, administrators, and assignees of the parties hereto, and
the terms "Landlord" and "Tenant" shall include the successors and assignees of
either such party, whether immediate or remote.

                                   SECTION 35
                                 QUIET ENJOYMENT

         Subject to the terms and provisions of this Lease, Landlord covenants
and agrees that Tenant, upon complying with all of the obligations of Tenant
under this Lease, shall peaceably and quietly enjoy the Premises and Tenant's
rights under this Lease during its Term, without hindrance by Landlord or any
persons claiming under Landlord.

                                   SECTION 36
                                    RECORDING

         This Lease shall not be recorded by Landlord or Tenant.

                                      -24-

<PAGE>   28

                                   SECTION 37
                              RELIANCE BY LANDLORD

         As of the date of executing this Lease, the Premises consist of
unimproved real property. Landlord intends to proceed with construction of the
Premises in reliance upon Tenant's covenants, obligations and representations
contained in this Lease. Tenant hereby acknowledges and accepts Landlord's
reliance in this regard. As additional consideration from Tenant to Landlord,
Tenant hereby agrees to provide updated business financial statements annually.
Said statements to be supplied to Landlord within ninety days of end of Tenant's
fiscal year.

                                   SECTION 38
                                OPTION TO EXTEND

         38.1 Option to Extend Primary Term. Upon the full and complete
performance of all terms, covenants and conditions contained in this Lease by
Tenant and the payment of all Rent and other sums due under the terms of this
Lease, Tenant shall have the option to renew this Lease for one (1) additional
term of Five (5) years. If Tenant desires to exercise the option, Tenant must
deliver written notice of its election to Landlord not less than one-hundred
eighty (180) days prior to the expiration of the Primary Term of this Lease. If
Tenant exercises its option, this Lease shall be deemed to be extended for the
additional Period, subject to the right of Landlord to make any adjustments and
to assess any charges against Tenant which are provided in this Lease. Rent
shall continue to be calculated according to the terms in this Lease, including
any increases pursuant to the Consumer Price Index or Market Rates. Option
Period Base Rent shall be the Base Rent adjusted by one-half the difference
between the rate determined by the increase in Consumer Price Index and the
current rate being charged for similar space in the area.

                                   SECTION 39
                                SECURITY DEPOSIT

         Tenant shall deposit unto Landlord the sum of $18,500.00 due thirty
(30) days prior to occupancy which is anticipated to be March 15, 2000, to be
held as a Damage Deposit.

                                   SECTION 40
                                  WORK LETTERS

         40.1 Landlord and Tenant shall agree upon plans, specifications and
finish work as quickly as possible and shall attach work letters to this Lease
detailing those portions of the project which shall be Landlord's responsibility
and those portions of the finish which shall be attributable to Tenant's
Build-out allowance described in Section 3. At a minimum, Landlord's work shall
consist of the Building, all exterior landscaping and other work, HVAC and
electrical sized and designed for Tenant's needs, plus a "Vanilla Shell"
interior.

                                      -25-

<PAGE>   29

                                   SECTION 41
                   FIRST RIGHT OF REFUSAL ON ADDITIONAL SPACE

         41.1 Landlord agrees to grant Tenant an exclusive option to Lease the
adjoining twenty-thousand square feet of the Building. This option will expire
on November 1, 1999. The Base Rate and Term for the additional space shall be
the Base Rate and Term in effect on the occupied space at the time Tenant
occupies option space.

         41.2 Landlord also agrees to grant Tenant an exclusive option to Lease
another twenty-thousand square feet in the Building. This option will expire
thirty (30) months from Commencement of Lease. The Base Rate for the additional
space shall be the current prevailing Market Rate.

LANDLORD:

BY: /s/ Terry J. O'Connor
   --------------------------------------------
   Terrence J. O'Connor, Managing Member

TENANT:    CHAPARRAL NETWORK STORAGE, INC.
           A Delaware Corporation

By: /s/ Douglas J. Lehrman
   -------------------------------------------

Its: Vice President, Finance
    ------------------------------------------

                                      -26-

<PAGE>   30
                           ADDENDUM TO LEASE AGREEMENT

This Addendum is made and entered into this the l5th day of November, 1999,
between BTC Development, LLC ("Landlord"), and Chaparral Network Storage, Inc.,
a Delaware Corporation ("Tenant"). This Addendum amends the lease entered into
between the aforementioned parties on September 1, 1999 for the rental of
approximately 20,000 rentable square feet in Dry Creek Corporate Center (the
"Building") which Building is situated on land described as 7040 East Dry Creek
Parkway, Longmont, Colorado 80503.

ADDENDUM CONTROLS. This Addendum is attached to and made a part of the Lease
between Landlord and Tenant (as those terms defined above). In the event of any
conflict between the terms of the Lease and those set forth in this Addendum,
the terms of this Addendum will control. The Lease and this Addendum are
referred to collectively as the "Agreement".

PAGE FOUR OF LEASE - DEMISE Paragraph one is amended as follows:

Landlord does hereby lease to Tenant and Tenant hereby leases from Landlord an
approximate 40,000 rentable square feet (the "Premises," or, alternatively, the
"Leased Premises") Dry Creek Corporate Center (the "Building"), which Building
is situated on land described as 7040 East Dry Creek Parkway, Longmont, Colorado
80503 (the "Property"), together with a non-exclusive right, subject to the
provisions of this Lease, to use all appurtenances thereto, including, but not
limited to, any plazas, common areas, parking lots, walks, ways or other areas
in the Building or on the Property designated by Landlord for the exclusive or
non-exclusive use of the tenants of the Building.

PAGE FIVE OF LEASE - SECTION 3 -- COMPLETION OF THE PREMISES is amended as
follows:

(See Space Plan. Addendum "A") Tenant shall have a Build Out Allowance of
$880,000.00 or $22.00 per useable square foot. The Build Out Allowance includes
all costs incurred in designing, permitting, construction, and installation of
Tenant Improvements. All costs in excess of allowance are to be paid by Tenant.
Golden Triangle Construction, Inc. ("GTC") will be the General Contractor for
any initial Tenant Improvement work done to the Premises. GTC will generally
request 3 competitive bids for all subcontract work to be performed, and will
provide to Tenant a breakdown of all costs prior to the commencement of any
work. All costs in excess of Build Out Allowance will be added to Lease Rate and
amortized at ten percent (10%) over the term of the Lease.

                                     /s/ Douglas J. Lehrmann  /s/ Terry O'Connor
                                     -----------------------  ------------------
                                     Tenant                   Landlord

                                       1
<PAGE>   31
PAGE FIVE OF LEASE - SECTION 4.01 -- RENT is amended as follows:

4.01 Base Rent. Tenant agrees to pay Landlord during the full Primary Lease Term
the sum of $2,288,915.86, payable in advance in equal monthly installments of
$37,833.32 for the Premises: The first full monthly installment of Base Rent
shall be payable on the Commencement Date and each succeeding monthly
installment shall be due and payable on or before the first day of each and
every successive calendar month thereafter during the Primary Lease Term. The
first one hundred and twenty-six thousand dollars of Base Rent shall be prepaid
with the signing of this addendum. The prepayment pays the Base Rent for the
first one hundred and one days Tenant occupies Premises. Prepayment shall be in
the form of 42,000 shares of Chaparral Network Storage, Inc. common stock
purchased at $3.00 per share. The exact square footage of the Premises will be
measured "as-built" and Rent adjusted accordingly.

PAGE SEVEN OF LEASE -- SECTION 5.02(a) is amended as follows:

5.02(a) Taxes. The Rent payable by Tenant shall be increased by the amount of
"Tenant's Proportional Share" of the Taxes on the Property. Tenant's
Proportional Share shall be 67% based upon Tenant's initial occupancy of
approximately 40,000 square feet out of a total building rental space of
approximately 60,000 square feet. Tenant's Proportional Share shall be subject
to confirmation and/or adjustment based on "as-built" measurements of the
Premises and Building. In determining the amount of Taxes for any calendar year,
the amount of special assessments to be included shall be limited to the amount
of the installment (plus any interest payable thereon) of such special
assessment which would have been required to have been paid during such calendar
year if Landlord had elected to have the special assessment paid over the
maximum period of time permitted by law, if the election is available to
Landlord. All reference to Taxes "for" and "billed for" a particular calendar
year shall be deemed to refer to Taxes levied, assessed, billed or otherwise
imposed for such calendar year, without..

In witness whereof parties have executed this agreement the day and month first
written above.

<TABLE>
<S>                                            <C>
LANDLORD:                                      TENANT:
BTC Development, LLC                           Chapparal Network Storage, Inc.

/s/ TERRENCE J. O'CONNOR                       /s/ DOUGLAS J. LEHRMANN
----------------------------                   ----------------------------
By: Terrence J. O'Connor                       By: Douglas J. Lehrmann
    Managing Member                                Vice President, Finance
</TABLE>

                                       2
<PAGE>   32

                       SECOND ADDENDUM TO LEASE AGREEMENT

This Addendum is made and entered into this 11th day of April, 2000, between BTC
Development, LLC ("Landlord") and Chaparral Network Storage, Inc., a Delaware
Corporation ("Tenant"). This Addendum amends the Lease Agreement date as of
September 1, 1999, as amended as of November 15, 1999, for the rental of 40,000
square feet in Dry Creek Corporate Center (the "Building") which Building is
situated on land described as 7420 East Dry Creek Parkway, Longmont, Colorado
80503 (the "Property").

ADDENDUM CONTROLS. This Addendum is attached to and made a part of the Lease
Agreement between Landlord and Tenant dated as of September 1, 1999, as amended
by the First Addendum to the Lease Agreement dated as of November 15, 1999, in
respect to the lease of a portion of the Building and Property. In the event of
any conflict between the terms of the Lease, as amended by the First Addendum to
the Lease Agreement, and those set forth in this Second Addendum, the terms of
this Second Addendum shall control. Upon execution, the lease, as amended by the
First Addendum and this Addendum, shall be referred to collectively as the
"Agreement."

PAGE FOUR OF LEASE - DEMISE. Paragraph one shall be deleted in its entirety and
replaced with the following:

Landlord does hereby lease to Tenant and Tenant hereby leases from Landlord
approximately 60,000 square feet (the "Premises" or, alternatively, the "Leased
Premises") in the Building, together with the exclusive right, subject to the
provisions of the Agreement, to use all appurtenances thereto, including, but
not limited to, any plazas, common areas, parking lots, walks ways or other
areas in the Building or on the Property. Upon issuance of the Certificate of
Occupancy or Temporary Certificate of Occupancy, the Building shall be renamed
The Chaparral Network Storage Building.

PAGE FOUR OF THE LEASE - TERM. Paragraph 2.01 shall be deleted in its entirety
and replaced with the following:

The term of this Lease is intended to commence on July 7, 2000 (the
"Commencement Date") and continued until July 31, 2007 (the "Primary Lease
Term"). Landlord shall use best efforts to give Tenant at least 21 days advanced
access to the Building in order to effectively stage its move from its present
space. Additionally, Landlord will employ reasonable efforts to assure that the
Certificate of Occupancy or Temporary Certificate of Occupancy is received no
later than July 31, 2000. Any changes in scope of work requested by Tenant shall
extend occupancy date accordingly. Any costs of damages, not to exceed $5,000.00
per day, incurred by Tenant as a result of Landlord's unexcused failure to
deliver the Certificate of Occupancy or Temporary Certificate of Occupancy by
July 31, 2000 shall be recoverable from Landlord.

Subsection (a), which begins on Page 5, shall be deleted in its entirety.

<PAGE>   33

PAGE FIVE OF THE LEASE - COMPLETION OF THE PREMISES.  This provision shall be
deleted in its entirety and replaced with the following:

In connection with the Space Plan for the Building set out in Attachment "A" to
the Lease Agreement, Tenant shall have a Build Out Allowance of $1,920,000.00 or
$32.00 per square foot. The Build Out Allowance includes all costs incurred in
designing, permitting, construction, and installation of those Tenant
Improvements defined and described in Attachment "B" to this Lease Agreement.
The Tenant shall pay all costs in excess of the allowance requested by Tenant
and agreed to in writing. Golden Triangle Construction ("GTC") will be the
General Contractor for any initial Tenant Improvement work done to the Premises.
GTC will generally request 3 competitive bids for most subcontract work to be
performed, and will provide to Tenant a breakdown of all costs prior to the
commencement of any work. All costs in excess of the Build Out Allowance agreed
to in writing by Tenant will be added to the Lease Rate and amortized at ten
(10) percent over the initial term of the Lease (with the exception of the
Chaparral Premium costs (currently agreed to be $186,000.00) more particularly
listed in Attachment "B" which will be paid by Tenant directly to Landlord upon
issuance of the Certificate of Occupancy or Temporary Certificate of Occupancy).
Any savings achieved in the Build Out Allowance will be passed on to Tenant in
the form of reduced rent using the same formula as above.

PAGE FIVE OF LEASE - RENT. Section 4.01 shall be deleted in its entirety and
replaced with the following:

Tenant agrees to pay landlord during the Primary Lease Term, the sum of
$5,904,696.00, payable in advance in equal monthly installments of $70,294.00
for the Premises. The Base Rent shall not commence until issuance of the
Certificate of Occupancy or Temporary Certificate of Occupancy. Landlord
acknowledges that it has received from Tenant an advanced payment of initial
rent equal to $126,000.00, which payment has been made by the issuance of 42,000
shares of Tenant's common stock (subject to restrictions) at an issuance price
of $3.00 per share, and further acknowledges that Tenant has been granted a rent
abatement equal to $67,000.00. Based upon the current estimate of rentable
square footage, Tenant shall be deemed to have prepaid and received rent
abatement for the first 83 days of the Lease. The exact square footage of the
Premises will be measured "as built" and Rent, prepaid days, and rate abatement
days shall be adjusted accordingly. Following expiration of the above
credit/abatement, monthly installments shall be due and payable on or before the
first day of each and every calendar month during the Primary Lease Term.

PAGE SIX OF LEASE - RENT. The introduction to Section 4.05 shall be deleted in
its entirety and replaced with the following:

The Base Rent shall be further increased annually on the anniversary date of the
receipt by Tenant of the Certificate of Occupancy, by an amount determined as
follows:

PAGE SEVEN OF LEASE - TAXES. Section 5.02(a) shall be deleted in its entirety
and replaced with the following:

                                       -2-

<PAGE>   34

Tenant will be responsible for 100% of the Taxes on the Property. In determining
the amount of Taxes for a calendar year, the amount of special assessments to be
included shall be limited to the amount of the installment (plus any interest
payable thereon) of such assessment which would have been required to have been
paid during such calendar year if Landlord had elected to have the special
assessment paid over the maximum period of time permitted by law, if the
election is available to the Landlord. All references to Taxes "for" and "billed
for" a particular calendar year shall be deemed to refer to Taxes levied,
assessed, billed or otherwise imposed for such calendar year without regard to
the date when any such Taxes are due and payable.

LANDLORD:

By:           /s/ Terrence J. O'Connor
     -------------------------------------------
        Terrence J. O'Connor, Managing Member

TENANT:  CHAPARRAL NETWORK STORAGE, INC.
         A Delaware Corporation

By:  /s/ Douglas J. Lehrmann
     -------------------------------------------
Its: Vice President, Finance
     -------------------------------------------

                                       -3-<PAGE>   1
***CONFIDENTIAL TREATMENT HAS BEEN
   REQUESTED FOR PORTIONS OF THIS DOCUMENT
                                                                   EXHIBIT 10.21

                       TECHNOLOGY CROSS-LICENSE AGREEMENT
                                  (as amended)

         This Technology Cross-License Agreement (the "Agreement") is made
effective as of November 25, 1998 (the "Effective Date"), by and between
Adaptec, Inc., having a place of business at 691 South Milpitas Boulevard,
Milpitas, California 95035 ("Adaptec"), and Chaparral Technologies, Inc., having
a place of business at 1951 South Fordham Street, Longmont, Colorado 80503
("Chaparral").

                                    RECITALS

     A. Adaptec and Chaparral are entering into that certain Asset Transfer
Agreement of even date herewith (the "Asset Transfer Agreement").

     B. In accordance with the Asset Transfer Agreement, Adaptec and Chaparral
desire that Adaptec license to Chaparral certain technology related to Adaptec's
ESS Business (as defined in the Asset Transfer Agreement).

     NOW, THEREFORE, Adaptec and Chaparral agree as follows:

     1.  DEFINITIONS.

         1.1      "Adaptec Bridge Products" means the Adaptec controller board
products identified in Exhibit A hereto.

         1.2      "Adaptec Bridge Product Designs" means, for each Adaptec
Bridge Product identified in Exhibit A, the highest-level design that defines
the product's overall configuration, layout and interconnection of specified
components.

         1.3      "[***] Adaptec Bridge Products" means: (i) the Adaptec Bridge
Products identified in Exhibit A hereto; (ii) [***] Adaptec Bridge Products;
(iii) any Adaptec Bridge Product or [***] Adaptec Bridge Product that includes
the Adaptec [***] Chip; (iv) any Adaptec Bridge Product or [***] Adaptec Bridge
Product that includes an Interface Replacement; or (v) any Adaptec Bridge
Product or [***] Adaptec Bridge Product that includes both the Adaptec [***]
Chip and an Interface Replacement.

         1.4      "[***] Adaptec Bridge Products" means modified versions of the
Adaptec Bridge Products developed by Chaparral; provided that such modified
versions will be limited to versions that have [***] as compared with the
feature sets for such products listed in Adaptec's technical specifications
contained in corresponding marketing requirement documents delivered by Adaptec
to Chaparral as of the Effective Date.

         1.5      "Adaptec [***] Chip" means Adaptec's [***] chip product
identified by the Adaptec product code [***] (Adaptec part number [***]),
specifically excluding any future versions, upgrades or releases of or to such
product.

<PAGE>   2

         1.6      "Interface Replacement" means a back-end board-to-target
interface (specifically excluding a SCSI-to-Ethenet-based board-to-target
interface, unless approved in advance in writing by Adaptec) or a board-to-host
interface developed by Chaparral to replace an existing interface of an Adaptec
Bridge Product or a [***] Adaptec Bridge Product.

         1.7      "Adaptec Exclusive Bridge Products Software" means the Adaptec
products identified in Exhibit B hereto.

         1.8      "Adaptec Co-Exclusive Bridge Products Software" means the
Adaptec products identified in Exhibit C hereto.

         1.9      "Adaptec Non-Exclusive Bridge Products Software" means the
Adaptec products identified in Exhibit D hereto.

         1.10     "Adaptec Bridge Products Software" means the Adaptec Exclusive
Bridge Products Software, Adaptec Co-Exclusive Bridge Products Software and
Adaptec Non-Exclusive Bridge Products Software.

         1.11     "Adaptec Bridge Products Documentation" means the Adaptec
documentation identified in Exhibit E hereto.

         1.12     "Adaptec Hardware-Related Technology" means the Adaptec
technology identified in Exhibit F hereto.

         1.13     "Adaptec RAID Code" means the Adaptec software identified in
Exhibit G hereto.

         1.14     "Adaptec Technology" means the Adaptec Bridge Products,
Adaptec Bridge Product Designs, Adaptec Bridge Products Software, Adaptec Bridge
Products Documentation, Adaptec Hardware-Related Technology, and Adaptec RAID
Code.

         1.15     "Intellectual Property Rights" means patent rights (including
patent applications and disclosures), rights of priority, mask work rights,
industrial design rights, copyrights, trade secrets, know-how and any other
intellectual property rights recognized in any country or jurisdiction in the
world.

         1.16     "Binary Code Distributable" means the right, as set forth in
Section 2.2(a)(iii)(B), to distribute and sublicense the applicable software in
binary code form, as indicated with respect to the Adaptec Exclusive Bridge
Products Software, Adaptec Co-Exclusive Bridge Products Software and/or Adaptec
Non-Exclusive Bridge Products Software.

         1.17     "Limited Source Code Distributable" means the right, as set
forth in Section 2.2(a)(iii)(C), to distribute and sublicense the applicable
software in source code form, as

                                      -2-
<PAGE>   3

indicated with respect to the Adaptec Exclusive Bridge Products Software,
Adaptec Co-Exclusive Bridge Products Software and/or Adaptec Non-Exclusive
Bridge Products Software.

         1.18     "Source Code Distributable" means the right, as set forth in
Section 2.2(a)(iii)(A), to distribute and sublicense the applicable software in
source code form, as indicated with respect to the Adaptec Exclusive Bridge
Products Software, Adaptec Co-Exclusive Bridge Products Software and/or Adaptec
Non-Exclusive Bridge Products Software.

         1.19     "Chaparral Licensed Software" means the Chaparral product
identified in Exhibit H hereto.

     2.  ADAPTEC BRIDGE PRODUCTS LICENSES.

         2.1      Exclusive Design License. Subject to the terms and conditions
of this Agreement, Adaptec grants Chaparral an irrevocable and perpetual,
exclusive, worldwide, royalty-free license under all of Adaptec's Intellectual
Property Rights in the Adaptec Bridge Product Designs to use, modify and create
derivative works based upon, the Adaptec Bridge Product Designs, for the
purposes of manufacturing, distributing and selling Adaptec Bridge Products and
derivatives thereof. Chaparral expressly acknowledges and agrees that such
exclusivity does not extend to, and Adaptec expressly reserves and retains all
Intellectual Property Rights in and to, all components of the Adaptec Bridge
Product Designs, including without limitation in any and all software, firmware,
hardware, and integrated circuit components thereof. Notwithstanding the
preceding sentence, Adaptec agrees that it will not manufacture, license, sell
or distribute any product that is: (i) identical to an Adaptec Bridge Product;
or (ii) developed by Adaptec by making minor modifications, changes or
enhancements to an Adaptec Bridge Product Design used as a base design.

         2.2      Adaptec Bridge Products Software Licenses.

                  (a) General. Subject to the terms and conditions of this
Agreement, Adaptec hereby grants to Chaparral an irrevocable and perpetual,
worldwide, royalty-free license under all of Adaptec's Intellectual Property
Rights in the Adaptec Bridge Products Software:

                      (i) to use, copy, modify, and create derivative works
based upon, the Adaptec Bridge Products Software, in source and binary code
forms;

                      (ii) to distribute the Adaptec Bridge Products Software in
binary code form in connection with the distribution and sale of products that
Chaparral manufactures (or has manufactured) that incorporate such software; and

                      (iii) (A) as to Adaptec Bridge Products Software that is
Source Code Distributable, to sublicense third parties the right to use, copy,
modify, and create derivative works based upon, such Adaptec Bridge Products
Software, in source code form; and

                            (B) as to Adaptec Bridge Products Software that is
Binary Code Distributable, to sublicense third parties the right to distribute
such Adaptec Bridge Products

                                      -3-
<PAGE>   4

Software in binary code form in connection with the distribution and sale of
products that such third parties manufacture (or have manufactured) that
incorporate such software; and

         (C) as to Adaptec Bridge Products Software that is Limited Source Code
Distributable, [***].

                  (b) Exclusive Rights. The rights granted to Chaparral under
subsection (a) above will be exclusive as to the Adaptec Exclusive Bridge
Products Software.

                  (c) Co-Exclusive Rights. The rights granted to Chaparral under
subsection (a) above will be exclusive as to the Adaptec Co-Exclusive Bridge
Products Software, except as to Adaptec, which retains the complete and
unrestricted rights:

                      (i) to use, copy, modify, and create derivative works
based upon, the Adaptec Co-Exclusive Bridge Products Software, in source code
and binary code forms;

                      (ii) to distribute (directly and indirectly) the Adaptec
Co-Exclusive Bridge Products Software (and modifications thereto and derivatives
works based upon), in binary code form, in connection with the distribution and
sale of products that Adaptec manufactures (or has manufactured); and

                      (iii) to sublicense the rights described in the foregoing
clauses (i) and (ii) to Adaptec customers in connection with such customers'
use, distribution and sale of products that Adaptec manufactures (or has
manufactured).

                  (d) Non-Exclusive Rights. The rights granted to Chaparral
under subsection (a) above will be non-exclusive as to the Adaptec Non-Exclusive
Bridge Products Software.

                  (e) No Support . Adaptec will have no obligation to provide
Chaparral with any error corrections, modifications, enhancements or support of
any kind for any of the Adaptec Bridge Products Software.

         2.3      Adaptec Bridge Products Documentation License. Subject to the
terms and conditions of this Agreement, Adaptec hereby grants to Chaparral an
irrevocable and perpetual, exclusive, worldwide, royalty-free license under all
of Adaptec's Intellectual Property Rights in the Adaptec Bridge Products
Documentation to use, copy, modify (and have modified), create derivative works
based upon, and distribute such documentation solely in connection with the
design, development, manufacture, distribution and sale of Adaptec Bridge
Products and derivatives thereof. Adaptec will have no obligation to provide
Chaparral with any error corrections, modifications, enhancements or support of
any kind for any of the Adaptec Bridge Products Documentation.

                                      -4-
<PAGE>   5

         2.4      Adaptec Hardware-Related Technology License. Subject to the
terms and conditions of this Agreement, Adaptec hereby grants to Chaparral an
irrevocable and perpetual, non-exclusive, worldwide, royalty-free license under
all of Adaptec's Intellectual Property Rights in the Adaptec Hardware-Related
Technology to use such technology for Chaparral's internal use, solely in
connection with the design, development, manufacture, distribution and sale of
Adaptec Bridge Products and derivatives thereof. For purposes of clarification,
"internal use" will be deemed to include use by third parties on Chaparral's
behalf, provided that each such third party is bound by a written agreement that
expressly protects Adaptec's Confidential Information and Intellectual Property
Rights in the Adaptec Hardware-Related Technology to at least the same extent as
the terms and condition of this Agreement. Adaptec will have no obligation to
provide Chaparral with any error corrections, modifications, enhancements or
support of any kind for any of the Adaptec Hardware-Related Technology.

     3.  ADAPTEC RAID-CODE LICENSE.

         3.1      Adaptec RAID Code License Grant. Subject to the terms and
conditions of this Agreement, Adaptec grants to Chaparral a nonexclusive,
nontransferable, perpetual, worldwide, royalty-bearing license: (i) to use, copy
and modify (subject to Section 3.2(a) below) the Adaptec RAID Code in source and
binary code forms solely for the purposes of designing, developing and
manufacturing [***] Adaptec Bridge Products; and (ii) to distribute (subject to
Section 3.2(c) below) the Adaptec RAID Code solely in binary code form in
connection with the distribution and sale of [***] Adaptec Bridge Products. At
such time as [***] currently known as "[***]" is more precisely defined by
Chaparral, Adaptec and Chaparral will negotiate in good faith an extension of
the license rights granted in this Section 3.1 to such product. Chaparral's
rights in the Adaptec RAID Code will be limited to those expressly granted in
this Section 3.1. Adaptec reserves all rights and licenses in and to the Adaptec
RAID Code not expressly granted to Chaparral under this Agreement.

         3.2      Adaptec RAID Code License Limitations.

         (a) [***] Modifications. Chaparral expressly acknowledges and agrees
that Chaparral's right to modify the Adaptec RAID Code, as set forth in Section
3.1, will be [***] the purposes of correcting coding errors and developing
"Performance Enhancements," which means enhancements that optimize the
performance or efficiency of the Adaptec RAID Code [***].

         (b) [***]. Chaparral expressly acknowledges and agrees that the license
rights granted to Chaparral under Section 3.1 [***] any and all use of the
Adaptec RAID Code, in whole or in part, or any functionality or module contained
therein, [***].

                                      -5-
<PAGE>   6

                  (c) [***]. RAID technology defines a number of distinct "RAID
Levels," each of which corresponds to a strategy for mapping data across a disk
array and which has its own set of performance and redundancy characteristics.
The Adaptec RAID Code embodies certain proprietary [***], which enables the
[***]. Such [***] may be used: (i) [***]; or (ii) [***] in order to [***] (the
functionality described in the foregoing clause (ii) is referred to as [***].)
Chaparral expressly acknowledges and agrees that the license rights granted to
Chaparral under section 3.1 [***].

         3.3      No Support. Adaptec will have no obligation to provide
Chaparral with any error corrections, modifications or enhancements for the
Adaptec RAID Code. In addition, Adaptec will have no obligation to provide
Chaparral with support of any kind for the Adaptec RAID Code.

         3.4      Grantback. Chaparral will promptly deliver to Adaptec any and
all error corrections and Performance Enhancements to the Adaptec RAID Code (as
identified in Exhibit G) developed by Chaparral (collectively "Chaparral RAID
Code Developments"). Chaparral will deliver all Chaparral RAID Code Developments
in source and binary code forms in a form and format mutually agreed by the
parties. Chaparral hereby grants to Adaptec an irrevocable, worldwide,
fully-paid and royalty-free, nonexclusive license, with rights to sublicense, to
use, copy, modify (and have modified), create (and have created) derivative
works based upon, distribute (directly and indirectly), and sublicense the
Chaparral RAID Code Developments and derivatives thereof. Chaparral will have no
obligation to provide Adaptec with support of any kind for the Chaparral RAID
Code Developments.

         3.5      Adaptec Compliance Inspection. For a period of three (3) years
commencing on the Effective Date, Adaptec will have the right, upon reasonable
notice and during normal business hours, to appoint an independent third party
selected by Adaptec, reasonably acceptable to Chaparral, to inspect all source
code of the Adaptec RAID Code, as used by Chaparral in connection with the
distribution of Adaptec Bridge Products, solely for the purpose of verifying
that Chaparral is in strict compliance with the limitations specified in Section
3.2 (a "Compliance Inspection"). If, upon completing such a Compliance
Inspection, it is determined that Chaparral in not in strict compliance with
such limitations, then Chaparral will immediately take all actions necessary to
remedy such non-compliance and, upon completion of such actions, Chaparral will
famish Adaptec with a officer's written certification, certifying to Chaparral's
compliance. In such event, Chaparral will also reimburse Adaptec for all
reasonable expenses and costs incurred by Adaptec in connection with conducting
such Compliance Inspection.

         3.6      Adaptec RAID Code Royalties.

                                      -6-
<PAGE>   7

                  (a) Royalty Payment. For each unit of a RAID Code Limited
Adaptec Bridge Product distributed by Chaparral which incorporates or otherwise
uses the Adaptec RAID Code (a "Royalty-Bearing Adaptec Bridge Product"),
Chaparral will pay Adaptec the nonrefundable royalties specified below:

                      (i) For each unit of a Royalty-Bearing Adaptec Bridge
Product manufactured by Adaptec, the royalty payable by Chaparral will be
calculated as [***] of the Net Sales Price of such product to Chaparral, where
"Net Sales Price" means Adaptec's gross sales price, excluding any itemized
taxes, insurance, shipping and like charges included in such gross sales price.

                      (ii) For each unit of a Royalty-Bearing Adaptec Bridge
Product manufactured by a party other than Adaptec, the royalty payable by
Chaparral will be [***].

                  (b) Payment Terms. Within fifteen (15) days after the close of
each calendar quarter, Chaparral will deliver to Adaptec a written report
showing all information reasonably necessary for Adaptec to compute the amount
of royalties payable by Chaparral for the applicable calendar quarter. Chaparral
will pay any royalties due at the time such report is provided to Adaptec. All
payments made under this Agreement after their due date will incur interest at a
rate equal to one and one-half percent (1.5%) per month or the highest rate
permitted by applicable law, whichever is lower. Chaparral will pay to Adaptec
all amounts payable under this Agreement by check or, at Adaptec's option, by
bank-to-bank wire transfer to an account designated by Adaptec.

                  (c) Taxes. All amounts payable by Chaparral under this Section
are exclusive of all sales, use, and other taxes and duties. Chaparral will be
responsible for all such taxes and duties and will indemnify and hold Adaptec
harmless from and against any obligation liability or claim imposed on Adaptec
by any taxing authority to pay any such taxes and duties.

                  (d) Chaparral's Records and Audit. Chaparral will maintain
complete and accurate records regarding the distribution of Royalty-Bearing
Adaptec Bridge Products for a period of two (2) years after the distribution of
any such products. Adaptec will have the right, upon reasonable notice and
during normal business hours, to appoint an Adaptec representative, mutually
agreed to by both parties, to audit such records. If, upon performing such
audit, it is determined that Chaparral has underpaid Adaptec by an amount
greater than five percent (5%) of the payments due Adaptec under subsection (a)
in the period being audited, Chaparral will immediately reimburse Adaptec for
all reasonable expenses and costs incurred by Adaptec in connection with such
audit in addition to its obligation to make full payment under subsection (a).

         4.       CHAPARRAL LICENSED SOFTWARE LICENSE. Promptly following the
Effective Date, Chaparral will deliver to Adaptec the then-current version of
the Chaparral Licensed Software, in source and binary code forms. Chaparral
hereby grants to Adaptec an irrevocable, worldwide, fully-paid and royalty-free,
nonexclusive license, with rights to sublicense, to use, copy, modify (and have
modified), create (and have created) derivative works based upon, distribute
(directly and indirectly), and sublicense the Chaparral Licensed Software and
derivatives thereof.

                                      -7-
<PAGE>   8

     5.  OWNERSHIP.

         5.1      Adaptec Ownership Rights. Adaptec presently owns and will
continue to own all worldwide right, title and interest in and to the Adaptec
Technology and all worldwide Intellectual Property Rights therein, whether the
Adaptec Technology is separate or combined with any hardware, software,
firmware, integrated circuits or devices of any kind.

         5.2      Protection of Adaptec Ownership. Chaparral will use its
reasonable efforts to protect Adaptec's Intellectual Property Rights in the
Adaptec Technology and will promptly report to Adaptec any infringement or
misappropriation of such rights of which Chaparral becomes aware. Adaptec
reserves the sole and exclusive right at its discretion to assert claims against
third parties for infringement or misappropriation of its Intellectual Property
Rights in the Adaptec Technology. Chaparral expressly acknowledges and affirms
Adaptec's ownership as set forth in Section 5.1 above. Accordingly, Chaparral
will not at any time, directly or indirectly, dispute the validity of, or
cooperate in any suit or proceeding which challenges, Adaptec's Intellectual
Property Rights in the Adaptec Technology.

         5.3      Trademarks. Nothing in this Agreement will be deemed to grant
Chaparral any rights in, or permit Chaparral to use, Adaptec's name, logo or
trademarks.

         5.4      Chaparral Ownership Rights. Chaparral presently owns and will
continue to own all worldwide right, title and interest in and to the Chaparral
Licensed Software and all worldwide Intellectual Property Rights therein,
whether the Chaparral Licensed Software is separate or combined with any
hardware, software, firmware, integrated circuits or devices of any kind.

         5.5      Protection of Chaparral Ownership. Adaptec will use its
reasonable efforts to protect Chaparral's Intellectual Property Rights in the
Chaparral Licensed Software and will promptly report to Chaparral any
infringement or misappropriation of such rights of which Adaptec becomes aware.
Chaparral reserves the sole and exclusive right at its discretion to assert
claims against third parties for infringement or misappropriation of its
Intellectual Property Rights in the Chaparral Licensed Software. Adaptec
expressly acknowledges and affirms Chaparral's ownership as set forth in Section
5.4 above. Accordingly, Adaptec will not at any time, directly or indirectly,
dispute the validity of, or cooperate in any suit or proceeding which
challenges, Chaparral's Intellectual Property Rights in the Chaparral Licensed
Software.

     6.  WARRANTIES.

         6.1      General Warranties. Each party warrants that: (i) it has the
corporate power and authority to execute and deliver this Agreement and to
perform its obligations hereunder; (ii) the execution, delivery and performance
of this Agreement has been duly and validly authorized by such party; and (iii)
upon execution and delivery, this Agreement will constitute a valid and binding
agreement of such party, enforceable against it in accordance with these terms.

                                      -8-
<PAGE>   9

         6.2      Adaptec Technology Warranties. Adaptec warrants that, except
as expressly set forth in Adaptec's Disclosure Letter (as defined in the Asset
Transfer Agreement), to Adaptec's knowledge, the Adaptec Technology has not
infringed or violated and currently does not infringe or violate upon, or
misappropriate any copyright, mask work or trade secret, or any patent or other
intellectual property rights (other than trademarks) of any third party, and no
third party has asserted or threatened to assert against Adaptec any claim of
infringement or misappropriation of any such rights.

         6.3      Chaparral Licensed Software Warranties. Chaparral warrants
that it has no knowledge of any facts which might lead to a claim that the
Chaparral Licensed Software infringes the Intellectual Property Rights of any
third party. The Chaparral Licensed Software is provided "AS IS," without
warranty of any kind.

         6.4      Warranty Disclaimers. EXCEPT AS EXPRESSLY SET FORTH IN
SECTIONS 6.2 AND 6.3, EACH PARTY HEREBY DISCLAIMS ALL WARRANTIES OF ANY KIND,
EXPRESS AND IMPLIED, WITH RESPECT TO THE ADAPTEC TECHNOLOGY AND CHAPARRAL
LICENSED SOFTWARE, AS APPLICABLE, INCLUDING WITHOUT LIMITATION THE IMPLIED
WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE, MERCHANTABILITY AND
NONINFRINGEMENT.

     7.  INDEMNITIES. Each party (an "Indemnifying Party") agrees to indemnify,
defend and hold the other party (the "Indemnified Party") harmless from and
against all damages, liabilities, costs, charges and expenses, including
reasonable attorneys' fees, incurred by or paid in settlement by the Indemnified
Party, resulting from any third party claim based on a breach by the
Indemnifying Party of any of its warranties set forth in Section 6; provided
that: (i) the Indemnified Party furnishes the Indemnifying Party with prompt
written notice of any such claim; (ii) the Indemnified Party provides the
Indemnifying Party with sole control of the defense and settlement of any such
claim; and (iii) the Indemnified Party provides the Indemnifying Party, at the
Indemnifying Party's expense, with all information and assistance reasonably
necessary for the defense and settlement of any such claim. The Indemnifying
Party will not settle any such claim without first obtaining the Indemnified
Party's prior written consent, which consent will not be unreasonably withheld,
if the terms of such settlement would adversely affect the Indemnified Party's
rights under this Agreement.

     8.  CONFIDENTIALITY.

         8.1      Definition of Confidential Information. "Confidential
Information" means: (i) the Adaptec Technology, including without limitation any
software, firmware, designs, inventions, processes, know-how or other
information related thereto; (ii) the Chaparral Licensed Software; (iii) any
other non-public technical or business information disclosed by a party to the
other party under this Agreement; and (iv) the terms and conditions of this
Agreement.

         8.2      Exclusions. Confidential Information does not include any
information that: (i) is in or becomes part of the public domain through no
fault or breach of this Agreement by the receiving party; (ii) was rightfully in
the possession of the receiving party without an obligation of

                                      -9-
<PAGE>   10

confidentiality prior to its disclosure hereunder; (iii) is independently
developed by the receiving party without use of or reference to any of the
disclosing party's Confidential Information; or (iv) the receiving party
rightfully obtains from a third party without restriction on use or disclosure.

         8.3      Obligations. The receiving party will not use any of the
disclosing party's Confidential Information except as expressly permitted under
this Agreement. The receiving party will maintain all of the disclosing party's
Confidential Information in strict confidence and not disclose any such
Confidential Information to any third parties except to employees and
consultants with a bona fide need to know for the receiving party's performance
of this Agreement, provided that each such employee and consultant is subject to
written nondisclosure and limited use restrictions at least as protective as
those set forth herein. The receiving party will use its best efforts to prevent
inadvertent disclosure, publication or dissemination of any of the disclosing
party's Confidential Information and will promptly notify the disclosing party
in writing of any actual or suspected unauthorized use or disclosure of any such
Confidential Information. Nothing in this Section will prevent Chaparral from
disclosing the terms of this Agreement or the transactions contemplated hereby
to any potential investor in Chaparral, provided each such potential investor
executes a customary non-disclosure agreement.

     9.  LIMITATION OF LIABILITY. IN NO EVENT WILL EITHER PARTY BE LIABLE TO THE
OTHER PARTY OR TO ANY THIRD PARTY FOR ANY INDIRECT, INCIDENTAL, EXEMPLARY,
SPECIAL OR CONSEQUENTIAL DAMAGES, INCLUDING WITHOUT LIMITATION, LOSS OF USE,
LOSS OF PROFITS, OR LOSS OF DATA, ARISING OUT OF OR IN CONNECTION WITH THIS
AGREEMENT OR THE USE OR PERFORMANCE OF THE ADAPTEC TECHNOLOGY OR THE CHAPARRAL
LICENSED SOFTWARE, WHETHER SUCH LIABILITY ARISES FROM ANY CLAIM BASED UPON
CONTRACT, WARRANTY, TORT (INCLUDING NEGLIGENCE), PRODUCT LIABILITY OR OTHERWISE,
EVEN IF A PARTY HAS BEEN ADVISED IN ADVANCE OF THE POSSIBILITY OF SUCH DAMAGES.
IN NO EVENT WILL ADAPTEC'S TOTAL LIABILITY TO CHAPARRAL OR ANY THIRD PARTY, FROM
ALL CAUSES OF ACTION AND THEORIES OF LIABILITY, EXCEED THE ACTUAL AMOUNTS PAID
BY CHAPARRAL TO ADAPTEC UNDER THIS AGREEMENT.

     10. TERM. This Agreement will commence as of the Effective Date and will
remain force and effect thereafter.

     11. GENERAL PROVISIONS.

         11.1     Governing Law. This Agreement will be governed by and
construed in accordance with the laws of the State of California, excluding its
conflict of laws rules and principles.

         11.2     Assignment. Chaparral may not assign this Agreement, in whole
or in part, and any attempt to assign this Agreement without such consent will
be null and void. The foregoing will not be deemed to prohibit Chaparral from
assigning this Agreement in the event of a merger or acquisition of
substantially all of Chaparral's related assets, [***]

                                      -10-
<PAGE>   11

Subject to the foregoing, this Agreement will bind and inure to the benefit of
each party's permitted successors and assigns.

         11.3     Waiver. The failure by either party to enforce any provision
of this Agreement will not constitute a waiver of future enforcement of that or
any other provision. Neither party will be deemed to have waived any rights or
remedies hereunder unless such waiver is in writing and signed by a duly
authorized representative of the party against which such waiver is asserted.

         11.4     Force Majeure. Neither party will be responsible for any
failure or delay in its performance due to causes beyond its reasonable control,
including, but not limited to, acts of God, war, riot, embargoes, acts of civil
or military authorities, fire, floods, earthquakes, accidents, strikes, or fuel
crises, provided that such party gives prompt written notice thereof to the
other party and uses its diligent efforts to resume performance.

         11.5     Severability. If a court of competent jurisdiction finds any
provision of this Agreement invalid or unenforceable, that provision of the
Agreement will be amended to achieve as nearly as possible the intent of the
parties, and the remainder of this Agreement will remain in full force and
effect.

         11.6     Entire Agreement. This Agreement, including all Exhibits
hereto, constitute the entire agreement between the parties relating to its
subject matter and supersedes all prior or contemporaneous representations,
discussions, negotiations, and agreements, whether written or oral, relating to
its subject matter.

         11.7     Amendment; Modification. This Agreement may be amended or
modified only by a writing that is signed by duly authorized representatives of
both parties.

         11.8     Notices. All notices, approvals, consents and other
communications required or permitted under this Agreement will be in writing and
delivered by confirmed facsimile transmission, by courier or overnight delivery
service with written verification of receipt, or by registered or certified
mail, return receipt requested, postage prepaid, and in each instance will be
deemed given upon receipt. All such notices, approvals, consents and other
communications will be sent to the addresses set forth above or to such other
address as may be specified by either party to the other in accordance with this
Section.

         11.9     Relationship of Parties. The parties to this Agreement are
independent contractors. There is no relationship of agency, partnership, joint
venture, employment or franchise between the parties. Neither party nor its
employees has the authority to bind or commit the other party in any way or to
incur any obligation on its behalf.

         11.10    Compliance with Law. Each party will comply with all laws and
regulations applicable to the performance of its obligations under this
Agreement. Each party acknowledges that the other party's technology licensed
hereunder, including any technical data related thereto, is subject to export
controls imposed by the U.S. Export Administration Act of 1979, as amended (the
"Act"), and the regulations promulgated thereunder. Each party will not export
or re-export (directly

                                      -11-
<PAGE>   12

or indirectly) any of the other party's technology licensed hereunder, or other
technical data related thereto, without complying with the Act and the
regulations thereunder.

         11.11    Counterparts. This Agreement may be executed in counterparts,
each of which will be deemed an original, but all of which together will
constitute one and the same instrument.

     IN WITNESS WHEREOF, the parties have executed this Agreement by their duly
authorized officers or representatives and delivered as of the Effective Date.

                                AGREED:

                                ADAPTEC, INC.

                                By: /s/ Larry Boucher
                                   ---------------------------------------------

                                Printed Name: Lawrence Boucher
                                             -----------------------------------

                                Title: Chairman of the Board
                                      ------------------------------------------

                                CHAPARRAL TECHNOLOGIES, INC.

                                By: /s/ Michael Gluck
                                   ---------------------------------------------

                                Printed Name: Michael J. Gluck
                                             -----------------------------------

                                Title: President and Chief Operating Officer
                                      ------------------------------------------

                                      -12-
<PAGE>   13

                                    EXHIBIT A

                             Adaptec Bridge Products

1.       AEC-5312 (Skyway) SCSI-SCSI controller board
2.       AEC-7313 (Golden Gate) FC-SCSI controller board
3.       AEC-5412 (Rainrock) SCSI-SCSI controller canister
4.       AEC-7413 (Cororock) FC-SCSI controller canister
5.       AEC-5314 (Queens) SCSI-SCSI controller board
6.       AEC-7315 (Bay) FC-SCSI controller board
7.       AEC-7325 (Bay) FC-SCSI controller board

<PAGE>   14

                                              EXHIBIT B

                             Adaptec Exclusive Bridge Products Software

<TABLE>
<CAPTION>

  Software                                  Directory                          Distribution Rights
  --------                                  ---------                          -------------------
<S>                                         <C>                               <C>
 [***]                                       [***]                              Source, Binary
 [***]                                       [***]                              Source, Binary
 [***]                                       [***]                              Source, Binary
 [***]                                       [***]                              Source, Binary
 [***]                                       [***]                              Source, Binary
 [***]                                       [***]                              Source, Binary
 [***]
</TABLE>

<PAGE>   15

                                    EXHIBIT C

                  Adaptec Co-Exclusive Bridge Products Software

<TABLE>
<CAPTION>

Software                                       Directory                                   Distribution Rights
--------                                       ---------                                   -------------------

<S>                                           <C>                                         <C>
[***]                                          [***]                                       Source, Binary
[***]                                          [***]                                       Source, Binary
[***]                                          [***]                                       Source, Binary
[***]                                          [***]                                       Source, Binary
[***]                                          [***]                                       Source, Binary
[***]                                          [***]                                       Source, Binary
[***]                                          [***]                                       Source, Binary
[***]                                          [***]                                       Source, Binary
[***]                                          [***]                                       Source, Binary
</TABLE>

<PAGE>   16

                                    EXHIBIT D

                 Adaptec Non-Exclusive Bridge Products Software
<TABLE>
<CAPTION>

Software                                             Directory                           Distribution Rights*
--------                                             ---------                           --------------------

<S>                                                 <C>                                  <C>
[***]                                               [***]                                Lim. Source, Binary
[***]                                               [***]                                Lim. Source, Binary
[***]                                               [***]                                Lim. Source, Binary
[***]                                               [***]                                Lim. Source, Binary
[***]                                               [***]                                Lim. Source, Binary
[***]                                               [***]                                Lim. Source, Binary
[***]                                               [***]                                Lim. Source, Binary
[***]                                               [***]                                Lim. Source, Binary
[***]                                               [***]                                Lim. Source, Binary
</TABLE>

<PAGE>   17

                                    EXHIBIT E

                      Adapted Bridge Products Documentation

1.       Specifications

         AEC SCSI RAID Controller SCSI Implementation Manual
         Brooklyn Backplane Breakout Board Hardware Specification
         Brooklyn Bring-Up Diagnostics Test H/W Specification
         Brooklyn Hardware Programming Interface Specification
         Brooklyn Hardware Specification Brooklyn HardwareSpecification
         Brooklyn LCD Software Design Specification
         Brooklyn Product Test Report
         Brooklyn SW Design Specification
         Brookwood Programming Interface Specification
         Brookwood Product Test Report
         Brookwood Schock/Vib Test Report
         CAPI Serial Protocol
         CAPI Flash File Format
         CAPI over SCSI
         Fault Localization Diagnostics S/W Specification
         12C Driver
         12C Driver System for Adaptec RAID controllers
         Link Manager Exchange Design Specification
         Queens Failover Hardware Specification
         Queens Hardware Programming Interface
         Queens Hardware Technical Notes
         SAF-TE with Bridges
         Skyway Software Design
         Skyway Hardware Programming Interface Specification
         Skyway Test Plan
         Skyway PTL Test Report

2.       User's and Programmer's Guides

         AEC-4412B/7412B User's Guide
         AEC-4412B/7412B Evaluation Kit Guide
         AEC-4412B/7412B Design-in Handbook
         Brooklyn/Coronado Hard Drive Compatibility List
         Brooklyn/Coronado SIMM Compatibility List
         Brookwood Breakout Board User's Guide Rainrock/Cororock Evaluation Kit
          Guide
         External RAID Configuration Application Programming Interface
         Normandy OEM Manual
         Queens OEM Manual

<PAGE>   18

         AEC-5312/7313 User's Guide
         AEC-5312/7313/5514/7515/7525 Design-In Handbook

3.       Marketing and Engineering Requirements Documents

         Brooklyn Marketing Requirement Documents
         Brooklyn Product Concept Document
         Brooklyn Hardware Engineering Requirements Document
         Brooklyn Hardware Specification
         Brooklyn Backplane Breakout Board Hardware Specification
         Brooklyn ECAD Layout and Routing Design Notes
         Brooklyn Backplane Breakout Board ECAD Layout and Routing Design Notes
         Brooklyn Test Daughterboard ECAD Layout and Routing Design Notes
         Brooklyn Host SCSI Daughterboard ECAD Layout and Routing Design Notes
         Brooklyn/Coronado Product Functional Test Plans
         Brooklyn/Coronado Product Functional Regression Test Plans
         Brooklyn Software Design Specification
         Brooklyn Hardware Development Plan
         Brooklyn Software Development Plan
         Brooklyn Bringup Plan
         Brooklyn Bringup and Diagnostics Test Hardware Specification
         Brooklyn Hardware Programming Interface Specification
         Brooklyn Fault Injection Test Plan
         Bridge I Hardware Active-Active Failover Engineering Requirements
           Document
         Brooklyn/Coronado/Broadway Thermal Testing Reports
         Brooklyn/Coronado/Broadway IMPACT BOMs
         Brooklyn/Coronado/Broadway Customer Presentations
         Brooklyn/Coronado/Broadway Project Schedules
         Brooklyn/Coronado/Broadway Test Plans/Cases/Reports from CTL, PTL, FTL
         Brookwood/Corowood Canister Product Concept Document
         Brookwood/Corowood Engineering Requirements Document
         Brookwood/Corowood Marketing Requirements Document
         Brookwood/Corowood Functional Test Plans
         Brookwood/Corowood Regression Test Plans
         Brookwood/Corowood Functional Test Report
         Brookwood Main Board ECAD Layout and Routing Design Notes
         Brookwood Backplane Breakout Board ECAD Layout and Routing Design Notes
         Brookwood Fibre Channel Daughterboard ECAD Layout and Routing Design
           Notes
         Brookwood Backend LVDS Connector Proposal
         Brookwood/Corowood Battery Pack Specification
         Fault Localization Diagnostics Proof of Concept Proposal
         Brookwood Fault Localization Diagnostics Software Specification
         Brookwood/Corowood Test Plans/Cases/Reports from CTL, PTL, FTL
         Brookwood/Corowood Thermal Test Reports
         Brookwood/Corowood Project Schedules
         Brookwood/Corowood IMPACT BOMS

<PAGE>   19

         Normandy Engineering Requirements Document
         Queens and Bay Marketing Requirements Document
         Queens Engineering Requirements Document
         Queens Product Concept Document
         Queens/Bay Functional Test Plans
         Queens/Bay Regression Test Plans
         Queens/Bay Functional Test Report
         Queens/Bay Main Board ECAD Layout and Routing Design Notes
         Queens/Bay Thermal Test Reports
         Queens/Bay Project Schedules
         Queens/Bay IMPACT BOMS
         Rainrock/Cororock Marketing Requirements Document
         Rainrock/Cororock Functional Test Plans
         Rainrock/Cororock Regression Test. Plans
         Rainrock/Cororock Functional Test Report
         Rainrock/Cororock Main Board ECAD Layout and Routing Design Notes
         Rainrock/Cororock Thermal Test Reports
         Rainrock/Cororock Project Schedules
         Rainrock/Cororock IMPACT BOMS
         Skyway/Golden Gate Product Concept Document
         Skyway/Golden Gate Engineering Requirements Document
         Skyway/Golden Gate Marketing Requirements Document
         Skyway/Golden Gate Functional Test Plans
         Skyway/Golden Gate Regression Test Plans
         Skyway/Golden Gate Functional Test Report
         Skyway/Golden Gate Main Board ECAD Layout and Routing Design Notes
         Skyway/Golden Gate Test Plans/Cases/Reports from CTL, PTL, FTL
         Skyway/Golden Gate Thermal Test Reports
         Skyway/Golden Gate Project Schedules
         Skyway/Golden Gate IMPACT BOMs

4.       White Papers

         Failure Tolerance in Adaptec's External RAID Controllers
         [***] VLSI and PCI-PCI Bridges White Paper
         Skyway Performance Whitepaper

<PAGE>   20

                                    EXHIBIT F

                       Adaptec Hardware-Related Technology

1.       Hardware and Product Specifications
2.       Bill of Materials
3.       Approved Vendor Lists
4.       Programmable Logic Design Files
5.       ECAD Database (Gerber files, PCB Design files, Library shapes,
         ECAD automation tools)
6.       Test data documents
7.       Engineering Notebooks
8.       Plastics Tooling and design database
9.       Sheet Metal Tooling and design database
10.      Source Control Drawings, including cables
11.      Test Boards

         a)       Brooklyn Breakout Board
         b)       Brookwood Breakout Board
         c)       Skyway Breakout Board
         d)       Port 809 DB
         e)       5x86 CPU Test DB
         f)       Pentium CPU Test DB
         g)       SCA Adapter Board
         h)       LVDS/Ultra SCA Test Board

12.      All Design-in Documentation for the [**]

13.      Testing - Related Software (see attached)

<PAGE>   21

                            Testing-Related Software
    (Product Designations Provided for Software Identification Purposes Only)

<TABLE>
<CAPTION>

 PRODUCT                              PN#                 FUNCTIONAL TESTER                ICT TESTER
<S>                                 <C>                        <C>                <C>
AEC-5312                            1740400                  TE499289-00           1700611-00 AEC-5312 CKT File
                                                                                   1700612-00 AEC-5312 NAR File
                                                                                   1700613-00 AEC-5312 Fixture
                                                                                   1700615-00 AEC-5312 Program Disk

AEC-7312A                           1709500                  TE499141-00
-AEC-7302                          994906-01                     Same              994911-00 AEC-0302A CKT File
                                                                                   994912-00 AEC-0302A NAR File
                                                                                   994913-00 AEC-0302A Fixture
                                                                                   994915-00 AEC-0302A Program Disk
-AEC-7010                          1656706-00                    Same              1656711-00 AEC-7010 CKT File
                                                                                   1656712-00 AEC-7010 NAR File
                                                                                   1656713-00 AEC-7010 Fixture
                                                                                   1656715-00 AEC-7010 Program Disk

AEC-7212B                         17171400-00                TE498713-00
                                                             TE498714-00
-AEC-7010                          1656706-00                    Same              1656711-00 AEC-7010 CKT File
                                                                                   1656712-00 AEC-7010 NAR File
                                                                                   1656713-00 AEC-7010 Fixture
                                                                                   1656715-00 AEC-7010 Program Disk
-AEC-7402B                         1649706-01                    Same              1649711-00 AEC4402B CKT File
                                                                                   1649712-00 AEC4402B NAR File
                                                                                   1649713-00 AEC4402B Fixture
                                                                                   1649715-00 AEC4402B Program Disk
-AEC-44/74XX                       1653406-00                    Same              1653411-00 AEC-44/74AA CKT File
                                                                                   1653412-00 AEC-44/74AA NAR File
                                                                                   1653413-00 AEC-44/74AA Fixture
                                                                                   1653415-00 AEC-44/74AA Program Disk

AEC-7313                            1767000                  TE499579-00
-AEC-7303                          1700606-01                    Same              1700611-01 AEC-7303 CRT File
                                                                                   1700612-01 AEC-7303 NAR File
                                                                                   1700613-01 AEC-7303 Fixture
                                                                                   1700615-01 AEC-7303 Program Disk
</TABLE>

<PAGE>   22
<TABLE>
<S>                                 <C>                        <C>                <C>
-AEC-7010M                         1656706-01                    Same              1656711-00 AEC-7010 CKT File
                                                                                   1656712-00 AEC-7010 NAR File
                                                                                   1656713-00 AEC-7010 Fixture
                                                                                   1656715-00 AEC-7010 Program Disk

AEC-4412BS8                        1710100-00                TE498129-00
                                                             TE498130-00
-AEC-4402B                         1649706-00                    Same              1649711-00 AEC4402B CKT File
                                                                                   1649712-00 AEC4402B NAR File
                                                                                   1649713-00 AEC4402B Fixture
                                                                                   1649715-00 AEC4402B Program Disk
-AEC-4010S                         1625406-00                    Same              1625411-00 AEC-4010S/D CKT File
                                                                                   1625411-00 AEC-4010S/D NAR File
                                                                                   1625411-00 AEC-4010S/D Fixture
                                                                                   1625411-00 AEC-4010S/D Program Disk

-AEC-44/74XX                       1653406-00                    Same              1653411-00 AEC-44/74AA CKT File
                                                                                   1653412-00 AEC-44/74AA NAR File
                                                                                   1653413-00 AEC-44/74AA Fixture
                                                                                   1653415-00 AEC-44/74AA Program Disk

AEC-4412BD8                        1710200-00                TE498129-00
                                                             TE498130-00
-AEC-4402B                         1649706-00                    Same              1649711-00 AEC4402B CKT File
                                                                                   1649712-00 AEC4402B NAR File
                                                                                   1649713-00 AEC4402B Fixture
                                                                                   1649715-00 AEC4402B Program Disk
-AEC-4010D                         1625406-01                    Same              1625411-00 AEC-4010S/D CKT File
                                                                                   1625412-00 AEC-4010S/D NAR File
                                                                                   1625413-00 AEC-4010S/D Fixture
                                                                                   1625415-00 AEC-4010S/D Program Disk
-AEC-44/74XX                       1653406-00                    Same              1653411-00 AEC-44/74AA CKT File
                                                                                   1653412-00 AEC-44/74AA NAR File
                                                                                   1653413-00 AEC-44/74AA Fixture
                                                                                   1653415-00 AEC-44/74AA Program Disk

AEC-4412BS                         1678000-00                TE498129-00
                                                             TE498130-00
</TABLE>

<PAGE>   23
<TABLE>

<S>                                 <C>                        <C>                <C>
-AEC-4402B                         1649706-00                    Same              1649711-00 AEC4402B CKT File
                                                                                   1649712-00 AEC4402B NAR File
                                                                                   1649713-00 AEC4402B Fixture
                                                                                   1649715-00 AEC4402B Program Disk
-AEC-4010S                         1625406-00                    Same              1625411-00 AEC-4010S/D CKT File
                                                                                   1625411-00 AEC-4010S/D NAR File
                                                                                   1625411-00 AEC-4010S/D Fixture
                                                                                   1625411-00 AEC-4010S/D Program Disk
-AEC-44/74XX                       1653406-00                    Same              1653411-00 AEC-44/74AA CKT File
                                                                                   1653412-00 AEC-44/74AA NAR File
                                                                                   1653413-00 AEC-44/74AA Fixture
                                                                                   1653415-00 AEC-44/74AA Program Disk
</TABLE>

<PAGE>   24

                                    EXHIBIT G

                                Adaptec RAID Code
<TABLE>
<S>                                                          <C>
Consisting of the following modules:
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------

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

--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------

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

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

--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
[***]                                                     [***]
--------------------------------------------------------- --------------------------------------------------------
</TABLE>

<PAGE>   25

                                    EXHIBIT H

                           Chaparral Licensed Software

[***]

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