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                                                                   EXHIBIT 10.35

                      ENHANCE FINANCIAL SERVICES GROUP INC.

                           SECOND AMENDED AND RESTATED
                     CHANGE -IN-CONTROL PROTECTION AGREEMENT

      SECOND AMENDED AND RESTATED AGREEMENT dated November 15, 1999 by and
between Enhance Financial Services Group Inc. (the "Company") and
_______________ (the "Executive"), amended and restated as of December 8, 1999
and further amended and restated as of March 23, 2000.

      WHEREAS, the Executive is a key employee of the Company and an integral
part of its management; and

      WHEREAS, the Company desires to recognize the Executive's commitment to
the Company and to confirm the right of the Executive to certain severance
benefits in the event of termination of the Executive's employment under certain
circumstances following a Change in Control,

      WHEREAS, to that end the board of directors of the Company adopted a
Management Severance Protection Plan in 1998, which it amended September 23,
1999 and March 23, 2000, and the terms of which as so amended, insofar as they
apply in the event of a Change of Control, are reflected in this instrument;

      NOW THEREFORE, in consideration of the promises and mutual covenants
herein contained, and other good and valuable consideration, the Company and the
Executive do hereby agree as follows (capitalized terms herein having the
respective meanings ascribed to them upon their first use or as set forth in
Section X hereof):

I.    SEVERANCE BENEFITS:

            If a Termination Event occurs during the 24 months following a
      Change in Control (the "Protection Period"), the Executive shall be
      entitled to receive the benefits set forth as follows:

            1. Cash Compensation: The Executive shall receive, in a single
      lump-sum payment, an amount equal to the sum of (a) three times his or her
      Annual Cash Compensation; plus (b) the greater of (i) the Adjusted Bonus
      paid the Executive in respect of the calendar year immediately preceding
      the Date of Termination, (ii) the Adjusted Bonus paid the Executive in the
      year preceding the calendar year in which the Change in Control Date
      occurs (provided, that, for purposes of both subclauses (i) and (ii), if
      the Executive shall have been employed by the Company for less than the
      entire such relevant preceding calendar year, then the applicable Adjusted
      Bonus for such subclause (i) or (ii) shall, in lieu of that set forth
      above, be the target Adjusted Bonus which would have payable to the
      Executive in respect of such relevant preceding calendar year), pro-rated
      over the period beginning January 1 in the year in which the Notice of
      Termination is given and ending on the Date of Termination. Payment
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      of the aforesaid total amount shall be made no later than 30 days after
      the Date of Termination. If payment in full is not made within the
      aforesaid 30 days, any amounts due and owing shall earn and be allocated
      daily interest beginning on the 31st day following the Date of Termination
      and ending on the date payment is actually made at a rate equal to 1/365
      of the annual interest rate payable on one-year U. S. Treasury Bills in
      effect as of the business day coincident with or next following the Date
      of Termination.

            2. Outplacement: The Executive shall be entitled to receive six
      months of outplacement services commensurate with the Executive's status
      level and at such outplacement organization as the Executive shall select.
      The Executive may not elect to take cash in lieu of outplacement services.
      Such outplacement services shall commence on such date as is designated by
      the Executive but in no instance later than six months after the Date of
      Termination.

            3. Welfare Benefits: Commencing on the Date of Termination and
      continuing for a period of 36 months (the "Benefit Period"), the Company
      shall provide the Executive with life insurance (including group term and
      supplemental executive life insurance), health insurance (including, but
      not limited to, medical, dental and prescription drug benefits) and
      long-term disability insurance ("Welfare Benefits") substantially similar
      in all respects to those which the Executive was receiving immediately
      prior to the Notice of Termination. The receipt of the Welfare Benefits
      shall be conditioned upon the Executive continuing to pay the applicable
      premiums for such Welfare Benefits that the Executive paid immediately
      prior to the Notice of Termination. Benefits otherwise receivable by the
      Executive pursuant to this Section I.3. and the corresponding premium
      payments made by the Executive, shall be reduced to the extent
      substantially similar benefits are actually received by the Executive from
      any other employer during the Benefit Period at a cost to the Executive
      that is commensurate with the cost incurred by the Executive immediately
      prior to Notice of Termination; provided, however, that if the Executive
      becomes employed by a new employer that maintains Welfare Benefits that
      either (a) do not cover the Executive or a family member or dependent with
      respect to a pre-existing condition for which there was coverage under the
      applicable Welfare Plans of the Company, or (b) does not cover the
      Executive or a family member or dependent for a designated waiting period,
      or at all, the Executive's coverage under the applicable Welfare Benefits
      of the Company shall continue (but in the event of non-coverage due to a
      preexisting condition, limited to such preexisting condition) until (i)
      the end of the applicable period of non-coverage under the new employer's
      Welfare Benefits, or (ii) the end of the Benefit Period, whichever occurs
      first. The Executive shall promptly notify the Company of any Welfare
      Benefits actually received from another employer. During the Benefit
      Period, the Executive shall be entitled to elect to change the Executive's
      level of coverage and/or choice of coverage options (e.g. Executive only
      or Executive and family, or deductible options) under the Welfare Benefits
      of the Company to the same extent that actively employed senior executives
      of the Company are permitted to make such changes; provided, that in the
      event of any such changes, the premiums paid by the Executive for such
      Welfare Benefits shall reflect any cost increases or decreases that would
      actually be paid or received by an actively employed senior executive of
      the Company who made the same changes. For purposes of this Section I.3,
      any measurement of Welfare Benefits, premiums,

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      payments or costs that is based on the Welfare Benefits, premiums,
      payments or costs that the Executive was receiving, paying or incurring
      immediately prior to the Notice of Termination shall be determined without
      giving effect to any change thereto during the Protection Period if Notice
      of Termination was due to Good Reason. To the extent the Company is unable
      to provide the Executive with any of the Welfare Benefits required by this
      Section I.3, the Company shall either purchase such Welfare Benefits for
      the Executive or pay the Executive a cash payment equal to the value
      thereof.

            4. Equity-Based Awards: (a) As to all his or her outstanding stock
      options, restricted stock and any other equity based awards and insofar as
      not inconsistent with the terms of the Company's plans under which such
      awards were granted (the "Incentive Plans"), at the option of the Company,
      either (i) the Executive shall receive a cash-out of such awards or (ii)
      to the extent that such awards are not cashed out they shall become (A)
      fully vested as of the Change in Control Date and (B) if susceptible of
      exercise, exercisable for a period 90 days after the Termination Date.

            (b) If (i) the Executive is terminated as provided for in Section
      VIII (Termination in Anticipation of Change in Control), (ii) such
      termination results in a forfeiture of any of the Executive's stock
      options, restricted stock or other equity-based awards under any of the
      Incentive Plans, and (iii) the Executive is entitled to receive payments
      under the aforesaid Section VIII, the Executive shall, subject to the
      provisions of Section VIII, be entitled to receive a cash payment equal to
      the amount the Executive would have received under such plans with respect
      to such stock options, restricted stock or other equity based awards as if
      the Executive had remained in the Company's employ until the Change in
      Control Date. Such cash payment shall be made at the same time and in the
      same manner as payment would have been made under the applicable Incentive
      Plans had the Executive remained employed by the Company until the Change
      in Control Date.

            5. Tax Reimbursement Payment: (a) If any amount or benefit paid or
      distributed to the Executive by the Company, whether pursuant to this
      agreement or otherwise (collectively, the "Covered Payments"), is or
      becomes subject to tax imposed under Section 4999 of the Code (the "Excise
      Tax") or any similar tax that may hereafter be imposed, the Company shall
      either pay to the Executive or contribute for the benefit of the Executive
      to a "rabbi" trust established by the Company prior to the Change in
      Control Date, at the time specified in this Section I.5.(e) below, the Tax
      Reimbursement Payment. The "Tax Reimbursement Payment" means an amount
      which, when added to the Covered Payments and reduced by any Excise Tax on
      the Covered Payments and any federal, state and local income tax and
      Excise Tax on the Tax Reimbursement Payment provided for by this agreement
      (but without reduction for any federal, state or local income or
      employment tax on the Covered Payments), shall be equal to the sum of (i)
      the Covered Payments, and (ii) the product of (A) any deductions
      disallowed for federal, state, or local income tax purposes because of the
      inclusion of the Tax Reimbursement Payment in the Executive's adjusted
      gross income and (B) the highest applicable marginal rate of federal,
      state or local income taxation, respectively, for the calendar year in
      which the Tax Reimbursement Payment is to be made.

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            (b) For purposes of determining whether any of the Covered Payments
      will be subject to the Excise Tax and, if so, the amount of such Excise
      Tax,

                  (i) such Covered Payments will be treated as "parachute
      payments" within the meaning of Section 280G of the Code and all
      "parachute payments" in excess of the "base amount," as defined under
      Section 280G(b)(3) of the Code, shall be treated as subject to the Excise
      Tax, unless and except to the extent that, in the opinion of the Company's
      independent certified public accountants, which, in the case of Covered
      Payments made after the Change in Control Date, shall be the Company's
      independent certified accountants appointed prior to the Change in Control
      Date, or tax counsel selected by such accounts, (collectively, the
      "Accounts"), such Covered Payments, in whole or in part, either do not
      constitute "parachute payments" or represent reasonable compensation for
      services actually rendered within the meaning of Section 280G(b)(4) of the
      Code, in excess of the "base amount," or such "parachute payments" are
      otherwise not subject to such Excise Tax, and

                  (ii) the value of any non-cash benefits or any deferred
      payment or benefit shall be determined by the Accountants in accordance
      with the principles of Section 280G of the Code.

            (c) For purposes of determining the amount of the Tax Reimbursement
      Payment, the Executive shall be deemed:

                  (i) to pay federal income taxes at the highest applicable
      marginal rate of federal income taxation for the calendar year in which
      the Tax Reimbursement Payment is to be made,

                  (ii) to pay any applicable state and local income taxes at the
      highest applicable marginal rate of taxation for the calendar year in
      which the Tax Reimbursement Payment is to be made, net of the maximum
      reduction in federal income taxes which would be obtained from the
      deduction of such state or local taxes if paid in such year, determined
      without regard to limitations on deductions based upon the amount of the
      Executive's adjusted gross income, and

                  (iii) to have otherwise allowable deductions for federal,
      state and local income tax purposes at least equal to those disallowed
      because of the inclusion of the Tax Reimbursement Payment in the
      Executive's adjusted gross income.

            (d) (i) If, subsequent to the making by the Company of the payment
      or the contribution provided for in the first sentence of Section I.5.(a),
      the Excise Tax is determined by the Accountants to be less than the amount
      otherwise taken into account hereunder in calculating the Tax
      Reimbursement Payment made, the Executive shall repay to the Company, at
      the time that the amount of such reduction in the Excise Tax is finally
      determined, the portion of such prior Tax Reimbursement Payment that has
      been paid to the Executive or to federal, state or local tax authorities
      on the Executive's behalf and that would not have been paid if such Excise
      Tax had been applied in initially calculating such Tax

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      Reimbursement Payment, plus interest on the amount of such repayment at
      the rate provided for in Section 1274(b)(2)(B) of the Code.
      Notwithstanding the foregoing, if any portion of the Tax Reimbursement
      Payment to be refunded to the Company has been paid to any federal, state
      or local tax authority, repayment thereof shall not be required until
      actual refund or credit of such portion has been made to the Executive,
      and interest payable to the Company shall not exceed interest received or
      credited to the Executive by such tax authority for the period it held
      such portion. The Executive and the Company shall mutually agree upon the
      course of action to be pursued, and the method of allocating expenses
      thereof, if the Executive's good claim faith for refund or credit is
      denied.

            (ii) If, subsequent to the making by the Company of the payment or
      the contribution provided for in the first sentence of Section I.5.(a),
      the Excise Tax is determined by the Accountants to exceed the amount
      otherwise taken into account hereunder at the time the Tax Reimbursement
      Payment is made, including, but not limited to, by reason of any payment
      the existence or amount of which cannot be determined at the time of the
      Tax Reimbursement Payment, the Company shall make an additional Tax
      Reimbursement Payment in respect of such excess, which Tax Reimbursement
      Payment shall include any interest or penalty payable with respect to such
      excess, at the time that the amount of such excess is finally determined.

            (e) The portion of the Tax Reimbursement Payment attributable to
      Covered Payments shall be paid to the Executive or contributed for the
      benefit of the Executive to a "rabbi" trust established by the Company
      prior to the Change in Control Date within ten business days following the
      payment of the Covered Payments. If the amount of such Tax Reimbursement
      Payment, or portion thereof, cannot be finally determined on or before the
      date on which payment is due, the Company shall either pay to the
      Executive or contribute to the aforesaid "rabbi" trust an amount estimated
      in good faith by the Accountants to be the minimum amount of such Tax
      Reimbursement Payment and shall pay the remainder of such Tax
      Reimbursement Payment, including applicable interest thereon determined
      under Section 1274(b)(2)(B) of the Code, as soon as the amount thereof can
      be determined, but in no event later than 45 calendar days after payment
      of the related Covered Payments. If the estimated Tax Reimbursement
      Payment exceeds the amount subsequently determined to have been due, such
      excess shall be repaid or refunded pursuant to the provisions of Section
      I.5.(d).

            6. Supplemental Pension: If the Executive is not fully vested under
      the Enhance Reinsurance Company Pension Plan (the "Pension Plan") and he
      or she is a participant in the Enhance Reinsurance Company Supplemental
      Pension Plan (the "Supplemental Plan"), then the Executive shall receive,
      in a single lump-sum payment, an amount equal to the amount the Executive
      would have received under the Supplemental Plan had the Executive become
      fully vested under the Pension Plan on the day immediately preceding his
      or her Date of Termination. The aforesaid payment shall be reduced by any
      amount the Executive is entitled to receive under the Supplemental Plan.

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II.   FULL SETTLEMENT AND MITIGATION:

      The Company's obligation to make payments provided for in this agreement
and otherwise to perform its obligations hereunder shall not be affected by any
circumstances, including, without limitation, any set-off, claim, counterclaim,
recoupment, defense or other legal or equitable right which the Company may have
against the Executive or others whether by reason of subsequent employment of
the Executive or otherwise. In no event shall the Executive be obligated to seek
other employment by way of mitigation. Likewise, the amount of any benefit or
payment provided under this agreement shall not be reduced by any compensation
earned by the Executive through either employment with another employer or
self-employment, or by any retirement-type benefits or unemployment benefits to
which the Executive may be entitled.

III.  RESTRICTIVE COVENANTS:

      1. The Executive shall at all times, now and forever, hold in a fiduciary
capacity for the benefit of the Company and shall not exploit, use, sell,
publish, disclose, communicate or divulge in any manner whatsoever to any person
or entity any trade secret or confidential information, knowledge or data
regarding the Company, its subsidiaries or affiliates. This Section III. shall
not apply to any truthful statement required to be made by the Executive
pursuant to an order of a court or other body having lawful jurisdiction over
such matter.

      2. The Executive shall not, directly or indirectly, for a period of one
year after the date of the Termination Event employ, or solicit for employment
or advise or recommend to any other person or entity that such person or entity
employ or solicit for employment any person employed at that time or within one
year theretofore by the Company or its subsidiaries or other affiliates.

      3. It is understood and agreed that, if the Executive violates and
breaches either Section III.1 or III.2, the Company will suffer irreparable
damage and that the Company shall be entitled to injunctive relief to prevent
such a breach. Resort to such equitable relief, however, shall not constitute a
waiver of any other rights or remedies the Company may have, and the Executive
shall repay to the Company 95% of the payments made under this agreement and/or
the Company shall be entitled to recover 95% of the amounts paid to the
Executive without waiving the right to pursue any other available legal or
equitable remedies.

IV.   SUCCESSORS and ASSIGNMENT:

      1. This agreement shall inure to the benefit of and be binding upon the
Company, and the Company shall require any successor to the Company, or any part
thereof, including but not limited to subsidiaries or affiliate, whether direct
or indirect, by purchase, merger, consolidation, acquisition of stock, or
otherwise, to expressly assume and perform this agreement in the same manner and
to the same extent as the Company would be required to perform. In the event of
such succession, references to the Company herein shall thereafter be deemed to
include such successor. Any failure by the Company to obtain assumption of this
agreement by a successor prior to the effectiveness of any such succession shall
be a breach of this agreement. Such breach shall entitle the Executive to
terminate the Executive's employment at any time within twelve months after such
succession and thereafter to receive compensation and benefits under this
agreement from the Company in the same amount as the Executive would be entitled
to

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hereunder if the Executive were to terminate his or her employment for Good
Reason during the Protection Period. Any failure by the Executive to exercise
any right to terminate his or her employment under this Section IV shall not
affect any other right of the Executive under this Agreement, and this agreement
shall continue to remain binding on the Company in the same manner and to the
same extent as the successor would be required to perform them if the successor
had assumed this agreement in it entirety without any change thereto.

      2. This agreement is personal to the Executive and shall not be assignable
by the Executive otherwise than by will or the laws of descent and distribution.
This agreement shall inure to the benefit of and be enforceable by the
Executive's legal representatives.

V.    LEGAL FEES and EXPENSES:

      The Company shall pay all reasonable attorney fees and expenses incurred
by the Executive in connection with, but not limited to, a bona fide dispute
regarding the application of any and all the provisions under this Agreement,
the Executive's seeking to obtain or enforce any right or benefit provided under
this Agreement, or in connection with any tax audit or proceeding to the extent
attributable to the application of Section 4999 of the Code to any payment of
benefit provided hereunder. Payment under this Section V shall be made within
ten business days after delivery of the Executive's written request for payment
accompanied by such evidence of fees and expenses incurred as the Company
reasonably may require.

VI.   TERMINATION PROCEDURES:

      1. During the Protection Period any termination of the Executive's
employment by reason of a Termination Event must be preceded by a written
"Notice of Termination" from one party hereto to the other party hereto in
accordance with Section VI. For purposes of this agreement, a "Notice of
Termination" shall mean a written notice that shall (a) specify the Executive's
date of Termination, which shall not be more than 60 days from the date the
Notice of Termination is given (the "Date of Termination"), (b) indicate the
notifying party's opinion regarding the specific provisions of this agreement
that apply to such termination of employment and (c) set forth in reasonable
detail the facts and circumstances claimed to provide a basis for the
application of the provisions indicated.

      2. Termination of the Executive's employment shall occur on the specified
Date of Termination even if there is a dispute between the parties relating to
the provisions of this agreement. Except as provided for in Section VIII, if
Notice of Termination is given by either party to this agreement by reason of a
Termination Event, the Company shall pay all amounts due the Executive under
Section I whether or not a dispute exits between the Executive and the Company
relating to the provisions of this agreement.

      3. If within 30 days of receiving Notice of Termination the party
receiving such notice notifies the other party that a dispute exits as to the
provisions of this agreement that apply to such termination, the dispute shall
be resolved either (a) by mutual written agreement of the parties hereto or (b)
by a final judgment, order or decree of a court having competent jurisdiction,
which is not further appealable or with respect to which the time for appeal
therefrom has expired and no appeal has been perfected. The parties to this
Agreement shall pursue the resolution of such dispute with reasonable diligence.
Within ten business days after such resolution, any party owing any payments to
the other party pursuant to such resolution and/or this Agreement shall make all
payments together with annual compounded interest accrued thereon at a rate
equal to

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the interest rate payable on one-year U. S. Treasury Bills in effect as of the
business day coincident with or next following the Date of Termination.

      4. Except as otherwise provided in Section VIII, in any proceeding,
regardless of who initiates such proceeding, in which payments of severance
benefits or other benefits or payments under this Agreement is at issue, the
burden of proof that any termination of the Executive's employment has been for
Cause or without Good Reason shall be upon the Company or its successor, and the
standard of proof to be met with respect thereto shall be clear and convincing
evidence.

VII.  NOTICES:

      Any notice or other communication required or permitted to be given
hereunder shall be in writing and shall be deemed to have been duly given or
delivered:, if delivered in person with signed acceptance of such personal
delivery, on the date of such delivery; or if sent by a recognized overnight
courier service, or by certified U.S. Mail, return receipt requested, on the
date of receipt. Notice to the Company shall be sent to:

                           Enhance Financial Services Group Inc.
                           335 Madison Avenue
                           New York, New York  10017
                           Attention:  Elaine J. Eisenman
                                       Executive Vice President

Notice to the Executive shall be sent to the address listed on the last page of
this agreement.

VIII. TERMINATION IN ANTICIPATION OF CHANGE IN CONTROL:

      1. The Executive's employment shall be deemed to have been terminated by
the Company without Cause during the Protection Period if the Executive's
employment is terminated by the Company otherwise without Cause not during the
Protection Period and such termination of employment (a) was at the request of a
third party that has theretofore taken steps reasonably calculated to effect a
Change in Control; or (b) otherwise arose in anticipation of a Change in
Control.

      2. The Executive's employment shall be deemed to have been terminated by
the Executive for Good Reason during the Protection Period if the Executive
otherwise terminates his or her employment for Good Reason not during the
Protection Period and the circumstances or event that constitutes Good Reason
(a) occurs at the request of a third party that has theretofore taken steps
reasonably calculated to effect a Change in Control; or (b) otherwise arose in
anticipation of a Change in Control.

      3. In the event of a termination of employment described in this Section
VIII, the Executive shall be entitled to all payments and benefits to which the
Executive would have been entitled had such termination occurred during a
Protection Period, except that the Executive shall not be entitled to receive
any payments or benefits under this agreement, and the Company shall have no
obligation to pay any payments or benefit hereunder, as a result of the
termination of the Executive's employment, unless and until the Change in
Control Date occurs within 90 days after termination of the Executive's
employment and, in the reasonable judgment of the Company, the Executive is
entitled to payment of benefits hereunder by reason of the applicability of
either Section VIII.1 or VIII.2. Notwithstanding any provision of this agreement
to the contrary, for

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purposes of this Section VIII only, the burden of proving that the requirements
of Section VIII.1 or VIII.2 have been met shall be on the Executive, and the
standard of proof to be met by the Executive shall be clear and convincing
evidence.

IX.   MISCELLANEOUS:

      1. Amendment, Modification and Waiver: No provision of this agreement may
be amended, modified, waived or discharged unless such amendment, modification,
waiver or discharge is approved by the Board and is agreed to in writing and
signed by the Executive and such officer of the Company as may be specifically
designated by the Board subsequent to the Board's approval of such amendment,
modification waiver or discharge. No waiver by either party hereto at any time
of any breach of, or failure to comply with, any condition or provision of this
agreement that is to be satisfied or performed by the other party hereto shall
be deemed a waiver of similar or dissimilar provisions or conditions at the same
or at any subsequent time.

      2. Entire Agreement: This agreement contains the entire agreement of the
parties concerning the subject matter, and all promises, representations,
understandings, arrangements and prior agreements concerning the subject matter
are merged herein and superseded hereby.

      3. Governing Law and Venue: The validity, interpretation, construction and
performance of this Agreement shall be governed by the laws of the State of New
York applicable to agreement made entirely to be performed within such
jurisdiction. The party bringing any action under this Agreement shall only be
entitled to choose the federal or state courts in the State of New York as the
venue for such action, and each party consents to the jurisdiction of the court
chosen in such manner for such action.

      4. Taxes: The Company shall be entitled to withhold from any payments made
hereunder, applicable federal, state or local income and payroll taxes as the
Company determines it is required to withhold under law.

      5. Validity: The invalidity or unenforceability of any provision of this
agreement shall not affect the validity or enforceability of any other provision
of this agreement, which shall remain in full force and effect.

      6. No Right to Continued Employment: Nothing in this agreement shall be
deemed to give the Executive the right to be retained in the employ of the
Company or to interfere with the right of the Company to discharge the Executive
at any time, subject in all cases to the terms of this agreement.

      7. Termination of Agreement: Notwithstanding anything in this agreement to
the contrary, this agreement may be terminated by the Company at any time prior
to the Change in Control Date if the Executive fails to carry out the material
responsibilities assigned to the Executive, including without limitation those
related to the effectuation of the transaction looking to the Change in Control.

      8. Waiver under Severance Payment Plan: Should the Executive become
entitled to receive payments and benefits under this Agreement, the Executive
hereby automatically waives all rights to receive any payments under the
Company's Severance Payment Plan.

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X.    DEFINITIONS:

      1. "Accountants" shall have the meaning set forth in Section I.4.

      2. "Adjusted Bonus" means the Executive's actually paid or actual target
      bonus (as applicable) for the relevant prior period as the same shall be
      recalculated using (a) the performance rating of the Executive for that
      prior period and applying thereto (b) the greater of (i) the percentage of
      salary that would have been applicable in determining the Executive's
      bonus for the year in which the Change of Control shall have occurred and
      (ii) the percentage of salary that would have been applicable in
      determining the Executive's bonus for the year in which the Date of
      Termination shall have occurred.

      3. "Annual Cash Compensation" means the total of:

                  (a) the Executive's stated annual base salary determined
      immediately prior to Notice of Termination, but in no event less than the
      Executive's stated annual base salary in the year in which the Change in
      Control Date occurs; plus

                  (b) the Executive's bonus paid by the Company for the year
      immediately preceding the year in which Notice of Termination is given,
      but in no event shall it be less than the bonus paid in the year
      immediately preceding the year in which the Change in Control Date occurs
      (provided, that, for purposes of this clause (b), if the Executive shall
      have been employed by the Company for less than the entire such relevant
      preceding calendar year, then the applicable bonus for this clause (b)
      shall, in lieu of that set forth above, be the target bonus which would
      have payable to the Executive in respect of such relevant preceding
      calendar year); plus

                  (c) the amount of any cash received or entitled to be received
      prior to Notice of Termination as a "flex perquisite," but in no event
      less than the amount of cash received or entitled to be received as a
      "flex perquisite" from the Company in the year in which the Change in
      Control Date occurs; plus

                  (d) the amount of the premium paid by the Company, on behalf
      of the Executive for executive supplemental long-term disability
      insurance.

      4. "Benefit Period" shall have the meaning set forth in Section I.3.

      5. "Board" means the Board of Directors of the Company and, except for
purposes of Section X.7 (d), the Compensation and Nominating Committee thereof.

      6. "Cause" means:

                  (a) the willful and continued failure of the Executive to
      substantially perform the Executive's duties with the Company, other than
      any

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      such failure resulting from incapacity due to physical or mental illness,
      after a written demand for substantial performance is delivered to the
      Executive by the Board or the chief executive officer of the Company which
      specifically identifies the manner in which the Board or chief executive
      officer of the Company believes that the Executive has not substantially
      performed his or her duties; or

                  (b) the willful engaging by the Executive in illegal conduct
      or gross misconduct that is demonstrably injurious to the Company.

            For purposes of this Section X.6, no act or failure to act on the
part of the Executive shall be considered "willful" unless it is done, or
omitted to be done, by the Executive in bad faith and without reasonable belief
that the Executive's action or omission was in the best interest of the Company.
Any act, or failure to act, based upon the instructions or prior approval of the
Board or chief executive officer of the Company or the Executive's superior or
based upon the advice of counsel for the Company, shall be conclusively presumed
to be done, or omitted to be done, by the Executive in good faith and in the
best interests of the Company. The cessation of employment of the Executive
shall not be deemed to be for Cause unless and until there shall have been
delivered to the Executive, as part of the Notice of Termination, a copy of a
resolution duly adopted by the affirmative vote of not less than a majority of
the entire Board, at regularly scheduled Board meeting or at a Board meeting
called and held for the purpose of considering such termination, finding that,
in the good faith opinion of the Board, the Executive is guilty of the conduct
described in clause (a) or (b) of this Section X.6 and specifying the
particulars thereof in detail. Such resolution shall be adopted only after
reasonable notice of such Board meeting is provided to the Executive and the
Executive is given an opportunity to be heard before the Board.

      7. "Change in Control" shall occur when:

                  (a) The "beneficial ownership" (as defined in Rule 13d-3 of
      the Securities Exchange Act of 1934) of securities representing more than
      35% of the combined voting power of the Company is acquired by a person or
      entity other than the Company, any trustee or other fiduciary holding
      securities under an employee benefit plan of the Company or an affiliate
      thereof, or any entity owned directly or indirectly by the shareholders of
      the Company in substantially the same proportion as their ownership of the
      Company; or

                  (b) Consummation of a merger or consolidation of the Company
      with or into any other entity other than a merger or consolidation which
      would result in the voting securities of the Company outstanding
      immediately prior thereto continuing to represent, either by remaining
      outstanding or by being converted into voting securities of the surviving
      entity, more than 65% of the combined voting power of the voting
      securities of the Company or such surviving entity outstanding immediately
      after such merger or consolidation; or

                  (c) The shareholders of the Company approve a plan to sell or
      otherwise dispose of all or substantially all of the Company's assets or
      adopt a plan for the Company's liquidation; or

                  (d) During a period of two consecutive years, individuals who
      at the beginning of such period constitute the Board and any new director,
      other than a director designated by a person who has entered into an
      agreement with the Company to effect a transition described in clause (a)
      or (b) of this Section

                                       11
<PAGE>
      X.7 whose election by the Board or nomination for election by the
      Company's shareholders was approved by a vote of at least two-thirds of
      the directors then still in office who either were directors at the
      beginning of the period or whose election was previously so approved,
      ceases for any reason to constitute a majority thereof; or

                  (e) The ownership of the assets composing a business unit of
      the Company (whether comprising (i) non-securities assets of that business
      unit (where the business unit is a separate juridical entity), (ii)
      securities of other business entities owned by the Company and managed or
      overseen by the business unit, (iii) the assets of those business entities
      or (iv) a combination of the foregoing) representing at least 50% in
      current market value of the assets of such business unit is acquired by a
      person or entity other than the Company, any trustee or other fiduciary
      holding securities under an employee benefit plan of the Company or an
      affiliate thereof, or any entity owned directly or indirectly by the
      shareholders of the Company in substantially the same proportion as their
      ownership of the Company, provided that the foregoing shall apply as a
      "Change in Control" for purposes of this agreement as concerns only an
      executive officer of the Company holding a position at least of senior
      vice president of the Company and either (i) for whom at least 50% of his
      or her annual goals are attributable to the operations, results or
      performance of such subsidiary or (ii) who is designated as "corporate
      staff" of the Company. Where the foregoing pertains to the ownership of
      securities, it shall mean "beneficial ownership" thereof as defined in
      Rule 13d-3 of the Securities Exchange Act of 1934.

      However, in no event shall a Change in Control be deemed to have occurred
with respect to any Executive who is part of a purchasing group which
consummates the Change in Control transaction. The Executive shall be deemed to
be part of the purchasing group for purposes of the proceeding sentence if the
Executive is an equity participant in the purchasing entity or group of
individuals, except for: (i) passive ownership of less than 3% of the stock of
the purchasing entity; or (ii) ownership of equity participation in the
purchasing entity which is otherwise not significant, as determined prior to the
Change in Control by a majority of continuing directors who are not employees of
the Company or any of its subsidiaries or other affiliates.

      8. "Change in Control Date" means the date on which a Change in Control
shall be deemed to have occurred.

      9. "Code" means the Internal Revenue Code of 1986, as amended from time to
time, and shall also include the regulations and ruling promulgated thereunder.

      10. "Covered Payments" shall have the meaning set forth in Section I.4.

      11. "Excise Tax" shall have the meaning set forth in Section I.4.

      12. "Good Reason" shall mean the occurrence, during the Protection Period,
of any one or more of the following without the Executive's express written
consent:

                  (a) The assignment to the Executive of duties inconsistent in
      any substantial respect with the Executive's position, authority, duties,
      responsibilities and status (including offices, titles and reporting
      requirements), or any substantial changes in such position, authority,
      duties, responsibilities and status from those

                                       12
<PAGE>
      previously held by the Executive prior to the Change in Control event, as
      applicable. The Executive's position, authority, duties, responsibilities
      and status shall not be regarded as substantially inconsistent with or
      substantially changed from previous position, authority, duties,
      responsibilities or status merely by virtue of the fact that there has
      been a Change in Control.

                  (b) In the case of a Change in Control as described in Section
      VIII.6.(e), with respect to an executive officer of the Company holding a
      position at least of executive vice-president of the Company who is
      designated as "corporate staff" of the Company and who remains directly or
      indirectly employed by the Company, the Change in Control, directly or
      indirectly, results in the reduction of corporate revenues or staff by at
      least 50%,

                  (c) A reduction in the Executive's stated annual base salary
      determined immediately prior to the Change in Control Date and which shall
      include any cash perquisite payment and any insurance premium payment,

                  (d) A reduction of the Executive's annual target bonus
      opportunity (excluding any annual reduction that applies to all executives
      of the Company),

                  (e) A reduction in the Executive's level of participation in
      or benefits provided under any short- or long-term incentive plan of the
      Company, including, but not limited to incentive compensation in the form
      of cash, stock or stock options, in effect as of the Change in Control
      Date,

                  (f) A material reduction, in the aggregate, in the Executive's
      level of participation in and benefits provided to the Executive under the
      Company's employee welfare, retirement, fringe benefit, vacation and sick
      leave plans, policies and practices, including, but not limited to,
      retirement, 401(k), severance, medical, dental, life, health, short- and
      long-term disability and flexible benefits,

                  (g) A change of more than 50 miles in the office or location
      at which the Executive is based, or

                  (h) A failure of the Company to have a successor assume this
      Agreement pursuant to Section IV of this Agreement.

      For purposes of this definition of "Good Reason," any good faith
determination of "Good Reason" made by the Executive shall be conclusive.

      13. "Notice of Termination" shall have the meaning set forth in Section
V.1.

      14. "Protection Period" shall have the meaning set forth in Section I.

      15. "Tax Reimbursement Payment" shall have the meaning set forth in
Section I.4.

      16. "Termination Date" shall have the meaning set forth in Section V.1.

                                       13
<PAGE>
      17. "Termination Event" shall mean, upon a Change in Control, an action of
the Company, or the successor to the Company under Section IV, or any of their
respective subsidiaries or affiliates, resulting in either (a) the involuntary
termination of employment of the Executive other than for Cause or (b) the
resignation of the Executive for "Good Reason."

                                      ENHANCE FINANCIAL SERVICES GROUP INC.

                                      By:_______________________________________
                                          Name:  Daniel Gross
                                          Title: President

                                      EXECUTIVE:

                                      __________________________________________
                                      Name:
                                      Address:

                                       14<PAGE>
                                                                    Exhibit 10.9

                               AGREEMENT OF LEASE

                                    BETWEEN

                      LIBERTY PROPERTY LIMITED PARTNERSHIP

                                      AND

                             AATLAS COMMERCE, INC.

                                      FOR

                                   SUITE 100
                            300 CHESTERFIELD PARKWAY
                             MALVERN, PENNSYLVANIA
<PAGE>
                                LEASE AGREEMENT
                             (Multi-Tenant Office)

INDEX

<Table>
<Caption>
                                     SECTION                                PAGE
                                     -------                                ----
<S>  <C>                                                                     <C>
1.   Summary of Terms and Certain Definitions .............................   1
2.   Premises..............................................................   2
3.   Acceptance of Premises................................................   2
4.   Use; Compliance ......................................................   2
5.   Term .................................................................   2
6.   Minimum Annual Rent ..................................................   3
7.   Operation of Property; Payment of Expenses ...........................   3
8.   Signs ................................................................   4
9.   Alterations and Fixtures .............................................   5
10.  Mechanics' Liens .....................................................   5
11.  Landlord's Right to Relocate Tenant; Right of Entry ..................   5
12.  Damage by Fire or Other Casualty .....................................   5
13.  Condemnation .........................................................   6
14.  Non-Abatement of Rent ................................................   6
15.  Indemnification of Landlord ..........................................   6
16.  Waiver of Claims .....................................................   6
17.  Quiet Enjoyment ......................................................   6
18.  Assignment and Subletting ............................................   6
19.  Subordination; Mortgagee's Rights ....................................   7
20.  Recording; Tenant's Certificate ......................................   7
21.  Surrender; Abandoned Property ........................................   8
22.  Curing Tenant's Defaults .............................................   8
23.  Defaults - Remedies ..................................................   8
24.  Representations of Tenant ............................................   9
25.  Liability of Landlord ................................................   9
26.  Interpretation; Definitions ..........................................   10
27.  Notices ..............................................................   10
28.  Security Deposit .....................................................   11
</Table>
<PAGE>
RIDERS

<Table>
<S>  <C>                                                                     <C>
29.  PA Additional Remedies ...............................................  R-1
30.  Modification of Section 7. Operation of Property; Payment of Expenses   R-2
31.  Modification of Section 9. Alterations and Fixtures ..................  R-2
32.  Modification of Section 10. Mechanics' Liens .........................  R-2
33.  Modification of Section 11. Landlord's Right to Relocate Tenant; Right
     of Entry .............................................................  R-2
34.  Modification of Section 18. Assignment and Subletting ................  R-2
35.  Modification of Section 20. Recording; Tenant's Certificate ..........  R-2
36.  Modification of Section 29. PA Additional Remedies ...................  R-2
37.  Tenant Improvements. Completion by Tenant ............................  R-3
38.  Tenant Allowance .....................................................  R-3
39.  Renewal Option .......................................................  R-4
40.  Existing Lease Obligation ............................................  R-4
</Table>
<PAGE>
THIS LEASE AGREEMENT is made by and between LIBERTY PROPERTY LIMITED
PARTNERSHIP, a Pennsylvania limited partnership ("LANDLORD") with its address
at 65 Valley Stream Parkway, Suite 100, Malvern, Pennsylvania 19355 and AATLAS
COMMERCE, INC. a Corporation organized under the laws of Pennsylvania
("TENANT") with its address at 300 Chester Field Parkway, Suite 100, Malvern,
Pennsylvania 19355 and is dated as of the date on which this lease has been
fully executed by Landlord and Tenant.

1.   SUMMARY OF TERMS AND CERTAIN DEFINITIONS.

     (a)  "PREMISES":         Approximate rentable square feet:    27,260
          (Section 2)         Suite:    100

     (b)  "BUILDING":         Approximate rentable square feet:    27,260
          (Section 2)         Address:  300 Chesterfield Parkway
                                        Malvern, Pennsylvania, 19355
     (c)  "TERM":             Seventy Two (72) months plus any partial month
          (Section 5)         from the Commencement Date until the first day of
                              the first full calendar month during the term.

          (i)  "COMMENCEMENT DATE":     July 1, 2000

          (ii) "EXPIRATION DATE":       See Section 5

     (d)  MINIMUM RENT (Section 6) & OPERATING EXPENSES (Section 7)

          (i)  "MINIMUM ANNUAL RENT": Four Hundred Ninety Seven Thousand, Four
               Hundred Ninety Five and 00/100 (497,495.00), payable in monthly
               installments of Forty One Thousand Four Hundred Fifty Seven and
               92/100 (41,457.92), increased as follows:
<Table>
<Caption>
Lease Year     Annual       Monthly       Lease Year       Annual        Monthly
----------     ------       -------       ----------       ------        -------
<S>            <C>          <C>           <C>              <C>           <C>
2              $511,125.00   $42,593.75     4               $538,385.00   $44,865.42
3              $524,755.00   $43,729.58     5               $552,015.00   $46,001.25
                                            6               $565,645.00   $47,137.08
</Table>

          (ii) ESTIMATED "ANNUAL OPERATING AND ELECTRICITY EXPENSES": Two
Hundred Twenty Four Thousand Eight Hundred Ninety Five and 00/100 (224,895.00),
payable in monthly installments of Eighteen Thousand Seven Hundred Forty One
and 25/100 (18,741.25) subject to adjustment.

     (e)  "PROPORTIONATE SHARE" (Section 7(a)):  100% (Ratio of approximate
                                                 rentable square feet in the
                                                 Premises to approximate
                                                 rentable square feet in the
                                                 Building)

     (f)  "USE" (Section 4):  General office purposes (excluding any "place
                              of public accommodation")

     (g)  "SECURITY DEPOSIT" (Section 28):  $53,952.09 (Fifty Three Thousand
                                            Nine Hundred Fifty Two and 09/100
                                            Dollars)

     (h)  CONTENTS:  This lease consists of the Index, pages 1 through 11
                     containing Sections 1 through 28 and the following, all of
                     which are attached hereto and made a part of this lease:
                     Rider with Section 29 through 39
                     Exhibits:  "A" - Plan showing Premises
                                "B" - Commencement Certificate Form
                                "C" - Building Rules
                                "D" - Cleaning Schedule
                                "E" - Estoppel Certificate Form
                                "F" - Description of Work

<PAGE>
2.   PREMISES. Landlord hereby leases to Tenant and Tenant hereby leases from
Landlord the Premises as shown on attached Exhibit "A" within the Building (the
Building and the lot on which it is located, the "PROPERTY"), together with the
non-exclusive right with Landlord and other occupants of the Building to use
all areas and facilities provided by Landlord for the use of all tenants in the
Property including any driveways, sidewalks and parking, loading and landscaped
areas (the "COMMON AREAS").

3.   ACCEPTANCE OF PREMISES. Tenant has examined and knows the condition of the
Property, the zoning, streets, sidewalks, parking areas, curbs and access ways
adjoining it, visible easements, any surface conditions and the present uses,
and Tenant accepts them in the condition in which they now are, without relying
on any representation, covenant or warranty by Landlord. Tenant and its agents
shall have the right, at Tenant's own risk, expense and responsibility, at all
reasonable times prior to the Commencement Date, to enter the Premises for the
purpose of taking measurements and installing its furnishings and equipment;
provided that the Premises are vacant and Tenant obtains Landlord's prior
written consent.

4.   USE; COMPLIANCE.

     (a)  PERMITTED USE. Tenant shall occupy and use the Premises for and only
for the Use specified in Section 1(f) above and in such a manner as is lawful,
reputable and will not create any nuisance or otherwise interfere with any
other tenant's normal operations or the management of the Building. Without
limiting the foregoing, such Use shall exclude any use that would cause the
Premises or the Property to be deemed a "place of public accommodation" under
the Americans with Disabilities Act (the "ADA") as further described in the
Building Rules (defined below). All Common Areas shall be subject to Landlord's
exclusive control and management at all times. Tenant shall not use or permit
the use of any portion of the Property for outdoor storage or installations
outside of the Premises nor for any use that would interfere with any other
person's use of any portion of the Property outside of the Premises.

     (b)  COMPLIANCE. Landlord represents that, as of the date of this lease,
there is no action required with respect to the Premises or Common Areas under
any laws (including Title III of the ADA), ordinances, notices, orders, rules,
regulations and requirements applicable to the Premises or to the Common Areas.
From and after the Commencement Date, Tenant shall comply promptly, at its sole
expense, (including making any alterations or improvements) with all laws
(including the ADA), ordinances, notices, orders, rules, regulations and
requirements regulating the Property during the Term which impose any duty upon
Landlord or Tenant with respect to Tenant's use, occupancy or alteration of, or
Tenant's installations in or upon, the Property including the Premises, (as the
same may be amended, the "LAWS AND REQUIREMENTS") and the building rules
attached as Exhibit "C", as amended by Landlord from time to time (the "BUILDING
RULES"). Provided, however, that Tenant shall not be required to comply with the
Laws and Requirements with respect to the footings, foundations, structural
steel columns and girders forming a part of the Property unless the need for
such compliance arises out of Tenant's use, occupancy or alteration of the
Property, or by any act or omission of Tenant or any employees, agents,
contractors, licensees or invitees ("AGENTS") of Tenant. With respect to
Tenant's obligations as to the Property, other than the Premises, at Landlord's
option and at Tenant's expense, Landlord may comply with any repair, replacement
or other construction requirements of the Laws and Requirements and Tenant shall
pay to Landlord all costs thereof as additional rent.

     (c)  ENVIRONMENTAL. Tenant shall comply, at its sole expense, with all
Laws and Requirements as set forth above, all manufacturers' instructions and
all requirements of insurers relating to the treatment, production, storage,
handling, transfer, processing, transporting, use, disposal and release of
hazardous substances, hazardous mixtures, chemicals, pollutants, petroleum
products, toxic or radioactive matter (the "RESTRICTED ACTIVITIES"). Tenant
shall deliver to Landlord copies of all Material Safety Data Sheets or other
written information prepared by manufacturers, importers or suppliers of any
chemical and ALL notices, filings, permits and any other written communications
from or to Tenant and any entity regulating any Restricted Activities.

     (d)  NOTICE. If at any time during or after the Term, Tenant becomes aware
of any inquiry, investigation or proceeding regarding the Restricted Activities
or becomes aware of any claims, actions or investigations regarding the ADA,
Tenant shall give Landlord written notice, within 5 days after first learning
thereof, providing all available information and copies of any notices.

5.   TERM. The Term of this lease shall commence on the Commencement Date and
shall end at 11:59 p.m. on the last day of the Term (the "EXPIRATION DATE"),
without the necessity for notice from either party, unless sooner terminated in
accordance with the terms hereof. At Landlord's request, Tenant shall confirm
the Commencement Date and Expiration Date by executing a lease commencement
certificate in the form attached as Exhibit "B".

6.   MINIMUM ANNUAL RENT. Tenant agrees to pay to Landlord the Minimum Annual
Rent in equal monthly installments in the amount set forth in Section 1(d) (as
increased at the beginning of each lease year as set forth in Section 1(d)), in
advance, on the first day of each calendar month during the Term, without
notice, demand or setoff, at Landlord's address designated at the beginning of

                                       2
<PAGE>
this lease unless Landlord designates otherwise; provided that rent for the
first full month shall be paid at the signing of this lease. If the
Commencement Date falls on a day other than the first day of a calendar month,
the rent shall be apportioned pro rata on a per diem basis for the period from
the Commencement Date until the first day of the following calendar month and
shall be paid on or before the Commencement Date. As used in this lease, the
term "LEASE YEAR" means the period from the Commencement Date through the
succeeding 12 full calendar months (including for the first lease year any
partial month from the Commencement Date until the first day of the first full
calendar month) and each successive 12 month period thereafter during the Term.

7. OPERATION OF PROPERTY; PAYMENT OF EXPENSES.

     (a) PAYMENT OF OPERATING EXPENSES. Tenant shall pay to Landlord the Annual
Operating Expenses in equal monthly installments in the amount set forth in
Section 1(d) (prorated for any partial month), from the Commencement Date and
continuing throughout the Term on the first day of each calendar month during
the Term, as additional rent, without notice, demand or setoff, provided that
the monthly installment for the first full month shall be paid at the signing
of this lease. Landlord shall apply such payments to the operating expenses
owed to Landlord by Tenant pursuant to the following Sections 7(b)-(f). The
amount of the Annual Operating Expenses set forth in Section 1(d) represents
Tenant's Proportionate Share of the estimated operating expenses during the
first calendar year of the Term on an annualized basis; from time to time
Landlord may adjust such estimated amount if the estimated operating expenses
increase. By April 30th of each year (and as soon as practical after the
expiration or termination of this lease or at any time in the event of a sale
of the Property), Landlord shall provide Tenant with a statement of the actual
amount of such expenses for the preceding calendar year or part thereof.
Landlord or Tenant shall pay to the other the amount of any deficiency or
overpayment then due from one to the other or, at Landlord's option, Landlord
may credit Tenant's account for any overpayment. Tenant's obligation to pay the
Annual Operating Expenses pursuant to this Section 7 shall survive the
expiration or termination of this lease.

     (b) TAXES AND OTHER IMPOSITIONS. Tenant shall pay prior to delinquency all
levies, taxes (including sales taxes and gross receipt taxes), assessments,
liens, license and permit fees, which are applicable to the Term, and which are
imposed by any authority or under any law, ordinance or regulation thereof, or
pursuant to any recorded covenants or agreements, and the reasonable cost of
contesting any of the foregoing (the "IMPOSITIONS") upon or with respect to the
Premises, or any improvements thereto, or directly upon this lease or the Rent
(defined in Section 7(f)) or amounts payable by any subtenants or other
occupants of the Premises, or against Landlord because of Landlord's estate or
interest herein. Additionally, Tenant shall pay as aforesaid its Proportionate
Share of any Imposition which is not imposed upon the Premises as a separate
entity but which is imposed upon all or part of the Property or upon the leases
or rents relating to the Property.

          (i) Nothing herein contained shall be interpreted as requiring Tenant
to pay any income, excess profits or corporate capital stock tax imposed or
assessed upon Landlord, unless such tax or any similar tax is levied or
assessed in lieu of all or any part of any Imposition or an increase in any
Imposition.

          (ii) If it shall not be lawful for Tenant to reimburse Landlord for
any of the Impositions, the Minimum Annual Rent shall be increased by the
amount of the portion of such Imposition allocable to Tenant, unless prohibited
by law.

     (c) INSURANCE.

          (i) PROPERTY. Landlord shall keep in effect, and Tenant shall pay to
Landlord its Proportionate Share of the cost of, insurance against loss or
damage to the Building or the Property by fire and such other casualties as may
be included within fire, extended coverage and special form insurance covering
the full replacement cost of the Building (but excluding coverage of Tenant's
personal property in, and any alterations by Tenant to, the Premises), and such
other insurance as Landlord may reasonably deem appropriate or as may be
required from time-to-time by any mortgagee.

          (ii) LIABILITY. Tenant, at its own expense, shall keep in effect
comprehensive general public liability insurance with respect to the Premises
and the Property, including contractual liability insurance, with such limits of
liability for bodily injury (including death) and property damage as reasonably
may be required by Landlord from time-to-time, but not less than a combined
single limit of $1,000,000 per occurrence and a general aggregate limit of not
less than $3,000,000 (which aggregate limit shall apply separately to each of
Tenant's locations if more than the Premises); however, such limits shall not
limit the liability of Tenant hereunder. The policy of comprehensive general
public liability insurance also shall name Landlord and Landlord's agent as
insured parties with respect to the Premises, shall be written on an
"occurrence" basis and not on a "claims made" basis, shall provide that it is
primary with respect to any policies carried by Landlord and that any coverage
carried by Landlord shall be excess insurance, shall provide that it shall not
be cancelable or reduced without at least 30 days prior written notice to
Landlord and shall be issued in form satisfactory to Landlord. The insurer shall
be a responsible insurance carrier which is authorized to issue such insurance
and licensed to do business in the state in which the Property is located and
which has at all times during the Term a rating of no less than A VII in the
most current edition of Best's Insurance Reports. Tenant shall deliver to
Landlord on or before the

                                       3
<PAGE>
Commencement Date, and subsequently renewals of, a certificate of insurance
evidencing such coverage and the waiver of subrogation described below.

          (iii)     WAIVER OF SUBROGATION. Landlord and Tenant shall have
included in their respective property insurance policies waivers of their
respective insurers' right of subrogation against the other party. If such a
waiver should be unobtainable or unenforceable, then such policies of insurance
shall state expressly that such policies shall not be invalidated if, before a
casualty, the insured waives the right of recovery against any party
responsible for a casualty covered by the policy.

          (iv)      INCREASE OF PREMIUMS. Tenant agrees not to do anything or
fail to do anything which will increase the cost of Landlord's insurance or
which will prevent Landlord from procuring policies (including public
liability) from companies and in a form satisfactory to Landlord. If any breach
of the preceding sentence by Tenant causes the rate of fire or other insurance
to be increase, tenant shall pay the amount of such increase as additional rent
promptly upon being billed.

     (d)  REPAIRS AND MAINTENANCE; COMMON AREAS; BUILDING MANAGEMENT. Except as
specifically otherwise provided in this Section (d), Tenant at its sole expense
shall maintain the Premises in good order and condition, promptly make all
repairs necessary to maintain such condition, and repair any damage to the
Premises caused by Tenant or its Agents. All repairs made by Tenant shall
utilize materials and equipment which are comparable to those originally used
in constructing the Building and Premises. When used in this Section (d), the
term "REPAIRS" shall include replacements and renewals when necessary.

          (i)       Landlord, at its sole expense, shall make all necessary
repairs to the footings, foundations, structural steel columns and girders
forming a part of the premises, provided that Landlord shall have no
responsibility to make any repair until Landlord receives written notice of the
need for such repair.

          (ii)      Landlord, at Tenant's sole expense, shall maintain and
repair the HVAC systems appurtenant to the Premises.

          (iii)     Landlord shall make all necessary repairs to the roof,
exterior portions of the premises and the Building, utility and communications
lines, equipment and facilities in the Building, which serve more than one
tenant, and to the Common Areas, the cost of which shall be an operating
expense of which Tenant shall pay its Proportionate Share, provided that
Landlord shall have no responsibility to make any repair until Landlord
receives written notice of the need for such repair. Landlord shall operate and
manage the Property and shall maintain all Common Areas and any paved areas
appurtenant to the Property in a clean and orderly condition. Landlord reserves
the right to make alterations to the Common Areas from time to time. Operating
expenses also shall include (A) all sums expended by Landlord for the
supervision, maintenance, repair, replacement and operation of the Common Areas
(including the costs of utility services), (B) any costs of building
improvements made by Landlord to the Property that are required by any
governmental authority or for the purpose of reducing operating expenses and
(C) a management and administrative fee applicable to the overall operation of
the Property.

          (iv)      Notwithstanding anything herein to the contrary, repairs
and replacements to the Property including the Premises made necessary by
Tenant's use, occupancy or alteration of, or Tenant's installation in or upon
the Property or by any act or omission of Tenant or its Agents shall be made at
the sole expense of Tenant to the extent not covered by any applicable
insurance proceeds paid to Landlord. Tenant shall not bear the expense of any
repairs or replacements to the Property arising out of or caused by any other
tenant's use, occupancy or alteration of, or any other tenant's installation in
or upon, the Property or by any act or omission of any other tenant or any
other tenant's Agents.

     (e)  UTILITY CHARGES. Tenant shall pay for water, sewer, gas, electricity,
heat, power, telephone and other communication services and any other utilities
supplied to or consumed in or on the Premises. Landlord shall not be
responsible or liable for any interruption in utility service, nor shall such
interruption affect the continuation or validity of this lease.

     (f)  NET LEASE. Except for the obligations of Landlord expressly set forth
herein, this lease is a "triple net lease" and Landlord shall receive the
Minimum Annual Rent as net income from the Premises, not diminished by any
expenses other than payments under any mortgages, and Landlord is not and shall
not be required to render any services of any kind to Tenant. The term "RENT"
as used in this lease means the Minimum Annual Rent, Annual Operating Expenses
and any other additional rent or sums payable by Tenant to Landlord pursuant to
this lease, all of which shall be deemed rent for purposes of Landlord's rights
and remedies with respect thereto. Tenant shall pay all Rent to Landlord within
30 days after Tenant is billed, unless otherwise provided in this lease, and
interest shall accrue on all sums due but unpaid.

8.   SIGNS. Except for signs which are located wholly within the interior of
the Premises and not visible from the exterior of the Premises, no signs shall
be placed on the Property without the prior written consent of Landlord.
All signs installed by Tenant shall

                                       4
<PAGE>
be maintained by Tenant in good condition and Tenant shall remove all such
signs at the termination of this lease and shall repair any damage caused by
such installation, existence or removal.

9.   ALTERATIONS AND FIXTURES.

     (a)  Subject to Section 10, Tenant shall have the right to install its
trade fixtures in the Premises, provided that no such installation or removal
thereof shall affect any structural portion of the Property nor any utility
lines, communications lines, equipment or facilities in the Building, serving
any tenant other than Tenant. At the expiration or termination of this lease
and at the option of Landlord or Tenant, Tenant shall remove such
installation(s) and, in the event of such removal, Tenant shall repair any
damage caused by such installation or removal; if Tenant, with Landlord's
written consent, elects not to remove such installation(s) at the expiration or
termination of this lease, all such installations shall remain on the Property
and become the property of Landlord without payment by Landlord.

     (b)  Except for non-structural changes which do not exceed $5000 in the
aggregate, Tenant shall not make or permit to be made any alterations to the
Premises without Landlord's prior written consent. Tenant shall pay the costs
of any required architectural/engineering reviews. In making any alterations,
(i) Tenant shall deliver to Landlord the plans, specifications and necessary
permits, together with certificates evidencing that Tenant's contractors and
subcontractors have adequate insurance coverage naming Landlord and Landlord's
agent as additional insureds, at least 10 days prior to commencement thereof,
(ii) such alterations shall not impair the structural strength of the Building
or any other improvements or reduce the value of the Property or affect any
utility lines, communications lines, equipment or facilities in the Building,
serving any tenant other than Tenant, (iii) Tenant shall comply with Section 10
and (iv) the occupants of the Building and of any adjoining property shall not
be disturbed thereby. All alterations to the Premises by Tenant shall be the
property of Tenant until the expiration or termination of this lease; at that
time all such alterations shall remain on the Property and become the property
of Landlord without payment by Landlord unless Landlord gives written notice to
Tenant to remove the same, in which event Tenant will remove such alterations
and repair any resulting damage. At Tenant's request prior to Tenant making any
alterations, Landlord shall notify Tenant in writing, whether Tenant is
required to remove such alterations at the expiration or termination of this
lease.

10.  MECHANICS' LIENS. Tenant shall pay promptly any contractors and materialmen
who supply labor, work or materials, to Tenant at the Property and shall take
all steps permitted by law in order to avoid the imposition of any mechanic's
lien upon all or any portion of the Property. Should any such lien or notice of
lien be filed for work performed for Tenant other than by Landlord, Tenant shall
bond against or discharge the same within 5 days after Tenant has notice that
the lien or claim is filed regardless of the validity of such lien or claim.
Nothing in this lease is intended to authorize Tenant to do or cause any work to
be done or materials to be supplied for the account of Landlord, all of the same
to be solely for Tenant's account and at Tenant's risk and expense. Throughout
this lease the term "MECHANIC'S LIEN" is used to include any lien, encumbrance
or charge levied or imposed upon all or any portion of, interest in or income
from the Property on account of any mechanic's, laborer's, materialman's or
construction lien or arising out of any debt or liability to or any claim of any
contractor, mechanic, supplier, materialman or laborer and shall include any
mechanic's notice of intention to file a lien given to Landlord or Tenant, any
stop order given to Landlord or Tenant, any notice of refusal to pay naming
Landlord or Tenant and any injunctive or equitable action brought by any person
claiming to be entitled to any mechanic's lien.

11.  LANDLORD'S RIGHT OF ENTRY. Tenant shall permit Landlord and its Agents to
enter the Premises at all reasonable times following reasonable notice (except
in the event of an emergency), for the purpose of inspection, maintenance or
making repairs, alterations or additions as well as to exhibit the Premises for
the purpose of sale or mortgage and, during the last 12 months of the Term, to
exhibit the Premises to any prospective tenant. Landlord will make reasonable
efforts not to inconvenience Tenant in exercising the foregoing rights, but
shall not be liable for any loss of occupation or quiet enjoyment thereby
occasioned.

12.  DAMAGE BY FIRE OR OTHER CASUALTY.

     (a)  If the Premises or Building shall be damaged or destroyed by fire or
other casualty, Tenant promptly shall notify Landlord and Landlord, subject to
the conditions set forth in this Section 12, shall repair such damage and
restore the Premises to substantially the same condition in which they were
immediately prior to such damage or destruction, but not including the repair,
restoration or replacement of the fixtures or alterations installed by Tenant.
Landlord shall notify Tenant in writing, within 30 days after the date of the
casualty, if Landlord anticipates that the restoration will take more than 180
days from the date of the casualty to complete; in such event, either Landlord
or Tenant may terminate this lease effective as of the date of casualty by
giving written notice to the other within 10 days after Landlord's notice.
Further, if a casualty occurs during the last 12 months of the Term or any
extension thereof, Landlord may cancel this lease unless Tenant has the right
to extend the Term for at least 3 more years and does so within 30 days after
the date of the casualty.

                                       5
<PAGE>
     (b)  Landlord shall maintain a 12 month rental coverage endorsement or
other comparable form of coverage as part of its fire, extended coverage and
special form insurance. Tenant will receive an abatement of its Minimum Annual
Rent and Annual Operating Expenses to the extent the Premises are rendered
untenantable as determined by the carrier providing the rental coverage
endorsement.

13.  CONDEMNATION.

     (a)  TERMINATION. If (i) all of the premises are taken by a condemnation
or otherwise for any public or quasi-public use, (ii) any part of the premises
is so taken and the remainder thereof is insufficient for the reasonable
operation of Tenant's business or (iii) any of the Property is so taken, and,
in Landlord's opinion, it would be impractical or the condemnation proceeds are
insufficient to restore the remainder of the Property, then this lease shall
terminate and all unaccrued obligations hereunder shall cease as of the day
before possession is taken by the condemnor.

     (b)  PARTIAL TAKING. If there is a condemnation and this lease has not
been terminated pursuant to this Section, (i) Landlord shall restore the
Building and the improvements which are a part of the Premises to a condition
and size as nearly comparable as reasonably possible to the condition and size
thereof immediately prior to the date upon which the condemnor took possession
and (ii) the obligations of Landlord and Tenant shall be unaffected by such
condemnation except that there shall be an equitable abatement of the Minimum
Annual Rent according to the rental value of the Premises before and after the
date upon which the condemnor took possession and/or the date Landlord
completes such restoration.

     (c)  AWARD. In the event of a condemnation affecting Tenant, Tenant shall
have the right to make a claim against the condemnor for moving expenses and
business dislocation damages to the extent that such claim does not reduce the
sums otherwise payable by the condemnor to Landlord. Except as aforesaid and
except as set forth in (d) below, Tenant hereby assigns all claims against the
condemnor to Landlord.

     (d)  TEMPORARY TAKING. No temporary taking of the Premises shall terminate
this lease or give Tenant any right to any rental abatement. Such a temporary
taking will be treated as if Tenant had sublet the Premises to the condemnor and
had assigned the proceeds of the subletting to Landlord to be applied on account
of Tenant's obligations hereunder. Any award for such a temporary taking during
the Term shall be applied first, to Landlord's costs of collection and, second,
on account of sums owing by Tenant hereunder, and if such amounts applied on
account of sums owing by Tenant hereunder should exceed the entire amount owing
by Tenant for the remainder of the Term, the excess will be paid to Tenant.

14.  NON-ABATEMENT OF RENT. Except as otherwise expressly provided as to damage
by fire or other casualty in Section 12(b) and as to condemnation in Section
13(b), there shall be no abatement or reduction of the Rent for any cause
whatsoever, and this lease shall not terminate, and Tenant shall not be
entitled to surrender the Premises.

15.  INDEMNIFICATION OF LANDLORD. Subject to sections 7(c)(iii) and 16. Tenant
will protect, indemnify and hold harmless Landlord and its Agents from and
against any and all claims, actions, damages, liability and expense (including
fees of attorneys, investigators and experts) in connection with loss of life,
personal injury or damage to property in or about the Premises or arising out of
the occupancy or use of the Premises by Tenant or its Agents or occasioned
wholly or in part by any act or omission of Tenant or its Agents, whether prior
to, during or after the Term, except to the extent such loss, injury or damage
was caused by the negligence of Landlord or its Agents. In case any action or
proceeding is brought against Landlord and/or its Agents by reason of the
foregoing. Tenant, at its expense, shall resist and defend such action or
proceeding, or cause the same to be resisted and defended by counsel (reasonably
acceptable to Landlord and its Agents) designated by the insurer whose policy
covers such occurrence or by counsel designated by Tenant and approved by
Landlord and its Agents. Tenant's obligations pursuant to this Section 15 shall
survive the expiration or termination of this lease.

16.  WAIVER OF CLAIMS. Landlord and Tenant each hereby waives all claims for
recovery against the other for any loss or damage which may be inflicted upon
the property of such party even if such loss or damage shall be brought about
by the fault or negligence of the other party or its Agents; provided, however,
that such waiver by Landlord shall not be effective with respect to any
liability of Tenant described in sections 4(c) and 7(d)(iv).

17.  QUIET ENJOYMENT. Landlord covenants that Tenant, upon performing all of
its covenants, agreements and conditions of this lease, shall have quiet and
peaceful possession of the Premises as against anyone claiming by or through
Landlord, subject, however, to the exceptions, reservations and conditions of
this lease.

                                       6

<PAGE>
18.  ASSIGNMENT AND SUBLETTING.

     (a) LIMITATION. Tenant shall not transfer this lease, voluntarily or by
operation of law, without the prior written consent of Landlord which shall not
be withheld unreasonably. However, Landlord's consent shall not be required in
the event of any transfer by Tenant to an affiliate of Tenant which is at least
as creditworthy as Tenant as of the date of this lease and provided Tenant
delivers to Landlord the instrument described in Section (c)(iii) below,
together with a certification of such creditworthiness by Tenant and such
affiliate. Any transfer not in conformity with this Section 18 shall be void at
the option of Landlord, and Landlord may exercise any or all of its rights under
Section 23. A consent to one transfer shall not be deemed to be a consent to any
subsequent transfer. "Transfer" shall include any sublease, assignment, license
or concession agreement, change in ownership or control of Tenant, mortgage or
hypothecation of this lease or Tenant's interest therein or in all or a portion
of the Premises.

     (b) OFFER TO LANDLORD. Tenant acknowledges that the terms of this lease,
including the Minimum Annual Rent, have been based on the understanding that
Tenant physically shall occupy the Premises for the entire Term. Therefore, upon
Tenant's request to transfer all or a portion of the Premises, at the option of
Landlord, Tenant and Landlord shall execute an amendment to this lease removing
such space from the Premises, Tenant shall be relieved of any liability with
respect to such space and Landlord shall have the right to lease such space to
any party, including Tenant's proposed transferee.

     (c) CONDITIONS. Notwithstanding the above, the following shall apply to any
transfer, with or without Landlord's consent:

          (i) As of the date of any transfer, Tenant shall not be in default
under this lease nor shall any act or omission have occurred which would
constitute a default with the giving of notice and/or the passage of time.

          (ii) No transfer shall relieve Tenant of its obligation to pay the
Rent and to perform all its other obligations hereunder. The acceptance of Rent
by Landlord from any person shall not be deemed to be a waiver by Landlord of
any provision of this lease or to be a consent to any transfer.

          (iii) Each transfer shall be by a written instrument in form and
substance satisfactory to Landlord which shall (A) include an assumption of
liability by any transferee of all Tenant's obligations and the transferee's
ratification of and agreement to be bound by all the provisions of this lease,
(B) afford Landlord the right of direct action against the transferee pursuant
to the same remedies as are available to Landlord against Tenant and (C) be
executed by Tenant and the transferee.

          (iv) Tenant shall pay, within 10 days of receipt of an invoice which
shall be no less than $250, Landlord's reasonable attorneys' fees and costs in
connection with the review, processing and documentation of any transfer for
which Landlord's consent is requested.

19. SUBORDINATION; MORTGAGEE'S RIGHTS.

     (a) This lease shall be subordinate to any first mortgage or other primary
encumbrance now or hereafter affecting the Premises. Although the subordination
is self-operative, within 10 days after written request, Tenant shall execute
and deliver any further instruments confirming such subordination of this lease
and any further instruments of attornment that may be desired by any such
mortgagee or Landlord. However, any mortgagee may at any time subordinate its
mortgage to this lease, without Tenant's consent, by giving written notice to
Tenant, and thereupon this lease shall be deemed prior to such mortgage without
regard to their respective dates of execution and delivery; provided, however,
that such subordination shall not affect any mortgagee's right to condemnation
awards, casualty insurance proceeds, intervening liens or any right which shall
arise between the recording of such mortgage and the execution of this lease.

     (b) It is understood and agreed that any mortgagee shall not be liable to
Tenant for any funds paid by Tenant to Landlord unless such funds actually have
been transferred to such mortgage by Landlord.

     (c) Notwithstanding the provisions of Sections 12 and 13 above, Landlord's
obligation to restore the Premises after a casualty or condemnation shall be
subject to the consent and prior rights of Landlord's first mortgagee.

20.  RECORDING; TENANT'S CERTIFICATE. Tenant shall not record this lease or a
memorandum thereof without Landlord's prior written consent. Within 10 days
after Landlord's written request from time to time:

     (a) Tenant shall execute, acknowledge and deliver to Landlord a written
statement certifying the Commencement Date and Expiration Date of this lease,
that this lease is in full force and effect and has not been modified and
otherwise as set forth in the

                                       7
<PAGE>
form of estoppel certificate attached as Exhibit "D" or with such modifications
as may be necessary to reflect accurately the stated facts and/or such other
certifications as may be requested by a mortgage or purchaser. Tenant
understands that its failure to execute such documents may cause Landlord
serious financial damage by causing the failure of a financing or sale
transaction.

     (b)  Tenant shall furnish to Landlord, Landlord's mortgagee, prospective
mortgagee or purchaser reasonably requested financial information.

21.  SURRENDER: ABANDONED PROPERTY.

     (a)  Subject to the terms of Section 9(b), 12(a) and 13(b), at the
expiration or termination of this lease, Tenant promptly shall yield up in the
same condition, order and repair in which they are required to be kept
throughout the Term, the Premises and all improvements thereto, and all fixtures
and equipment servicing the Building, ordinary wear and tear excepted.

     (b)  Upon or prior to the expiration or termination of this lease, Tenant
shall remove any personal property from the Property. Any personal property
remaining thereafter shall be deemed conclusively to have been abandoned, and
Landlord, at Tenant's expense, may remove, store, sell or otherwise dispose of
such property in such manner as Landlord may see fit and/or Landlord may retain
such property as its property. If any part thereof shall be sold, then Landlord
may receive and retain the proceeds of such sale and apply the same, at its
option, against the expenses of the sale, the cost of moving and storage and any
Rent due under this lease.

     (c)  If Tenant, or any person claiming through Tenant, shall continue to
occupy the Premises after the expiration or termination of this lease or any
renewal thereof, such occupancy shall be deemed to be under a month-to-month
tenancy under the same terms and conditions set forth in this lease, except that
the monthly installment of the Minimum Annual Rent during such continued
occupancy shall be double the amount applicable to the last month of the Term.
Anything to the contrary notwithstanding, any holding over by Tenant without
Landlord's prior written consent shall constitute a default hereunder and shall
be subject to all the remedies available to Landlord.

22.  CURING TENANT'S DEFAULTS. If Tenant shall be in default in the performance
of any of its obligations hereunder, Landlord, without any obligation to do so,
in addition to any other rights it may have in law or equity, may elect to cure
such default on behalf of Tenant after written notice (except in the case of
emergency) to Tenant. Tenant shall reimburse Landlord upon demand for any sums
paid or costs incurred by Landlord in curing such default, including interest
thereon from the respective dates of Landlord's incurring such costs, which
sums and costs together with interest shall be deemed additional rent.

23.  DEFAULTS - REMEDIES

     (a)  DEFAULTS. It shall be an event of default:

          (i)   If Tenant does not pay in full when due any and all Rent;

          (ii)  If Tenant fails to observe and perform or otherwise breaches
any other provision of this lease;

          (iii) If Tenant abandons the Premises, which shall be conclusively
presumed if the Premises remain unoccupied for more than 10 consecutive days, or
removes or attempts to remove Tenant's goods or property other than in the
ordinary course of business;

          (iv)  If Tenant becomes insolvent or bankrupt in any sense or makes a
general assignment for the benefit of creditors or offers a settlement to
creditors, or if a petition in bankruptcy or for reorganization or for an
arrangement with creditors under any federal or state law if filed by or against
Tenant, or a bill in equity or other proceeding for the appointment of a
receiver for any of Tenant's assets is commenced, or if any of the real or
personal property of Tenant shall be levied upon; provided, however, that any
proceeding brought by anyone other than Landlord or Tenant under any bankruptcy,
insolvency, receivership or similar law shall not constitute a default until
such proceeding has continued unstayed for more than 60 consecutive days.

     (b)  REMEDIES. Then, and in any such event, Landlord shall have the
          following rights:

          (i)   To charge a late payment fee equal to the greater of $100 or 5%
of any amount owed to Landlord pursuant to this lease which is not paid within 5
days after the due date.

          (ii)  To enter and repossess the Premises, by breaking open locked
doors if necessary, and remove all persons and all or any property therefrom, by
action at law or otherwise, without being liable for prosecution or damages
therefor, and Landlord may,

                                       8
<PAGE>
at Landlord's option, make alterations and repairs in order to relet the
Premises and relet all or any part(s) of the Premises for Tenant's account.
Tenant agrees to pay to Landlord on demand any deficiency that may arise by
reason of such reletting. In the event of reletting without termination of this
lease, Landlord may at any time thereafter elect to terminate this lease for
such previous breach.

          (iii) To accelerate the whole or any part of the Rent for the balance
of the Term, and declare the same to be immediately due and payable.

          (iv)  To terminate this lease and the Term without any right on the
part of Tenant to save the forfeiture by payment of any sum due or by other
performance of any condition, term or covenant broken.

     (c)  GRACE PERIOD.  Notwithstanding anything hereinabove stated, neither
party will exercise any available right because of any default of the other,
except those remedies contained in subsection (b)(i) of this Section, unless
such party shall have first given 10 days written notice thereof to the
defaulting party, and the defaulting party shall have failed to cure the default
within such period; provided, however, that:

          (i)   No such notice shall be required if Tenant fails to comply with
the provisions of Sections 10 or 20(a), in the case of emergency as set forth in
Section 22 or in the event of any default enumerated in subsections (a)(iii) and
(iv) of this Section.

          (ii)  Landlord shall not be required to give such 10 days notice more
than 2 times during any 12 month period.

          (iii) If the default consists of something other than the failure to
pay money which cannot reasonably be cured within 10 days, neither party will
exercise any right if the defaulting party begins to cure the default within 10
days and continues actively and diligently in good faith to completely cure said
default.

          (iv)  Tenant agrees that any notice given by Landlord pursuant to this
Section which is served in compliance with Section 27 shall be adequate notice
for the purpose of Landlord's exercise of any available remedies.

     (d)  NON-WAIVER: NON-EXCLUSIVE.  No waiver by Landlord of any breach by
Tenant shall be a waiver of any subsequent breach, nor shall any forbearance by
Landlord to seek a remedy for any breach by Tenant be a waiver by Landlord of
any rights and remedies with respect to such or any subsequent breach. Efforts
by Landlord to mitigate the damages caused by Tenant's default shall not
constitute a waiver of Landlord's right to recover damages hereunder. No right
or remedy herein conferred upon or reserved to Landlord is intended to be
exclusive of any other right or remedy provided herein or by law, but each shall
be cumulative and in addition to every other right or remedy given herein or now
or hereafter existing at law or in equity. No payment by Tenant or receipt or
acceptance by Landlord of a lesser amount than the total amount due Landlord
under this lease shall be deemed to be other than on account, nor shall any
endorsement or statement on any check or payment be deemed an accord and
satisfaction, and Landlord may accept such check or payment without prejudice to
Landlord's right to recover the balance of Rent due, or Landlord's right to
pursue any other available remedy.

     (e)  COSTS AND ATTORNEYS' FEES.  If either party commences an action
against the other party arising out of or in connection with this lease, the
prevailing party shall be entitled to have and recover from the losing party
attorneys' fees, costs of suit, investigation expenses and discovery costs,
including costs of appeal.

24.  REPRESENTATIONS OF TENANT.  Tenant represents to Landlord and agrees that:

     (a) The word "TENANT" as used herein includes the Tenant named above as
well as its successors and assigns, each of which shall be under the same
obligations and liabilities and each of which shall have the same rights,
privileges and powers as it would have possessed had it originally signed this
lease as Tenant. Each and every of the persons named above as Tenant shall be
bound jointly and severally by the terms, covenants and agreements contained
herein. However, no such rights, privileges or powers shall inure to the benefit
of any assignee of Tenant immediate or remote, unless Tenant has complied with
the terms of Section 18 and the assignment to such assignee is permitted or has
been approved in writing by Landlord. Any notice required or permitted by the
terms of this lease may be given by or to any one of the persons named above as
Tenant, and shall have the same force and effect as if given by or to all
thereof.

     (b) If Tenant is a corporation, partnership or any other form of business
association or entity, Tenant is duly formed and in good standing, and has full
corporate or partnership power and authority, as the case may be, to enter into
this lease and has taken all corporate or partnership action, as the case may
be, necessary to carry out the transaction contemplated herein, so that when
executed, this lease constitutes a valid and binding obligation enforceable in
accordance with its terms. Tenant shall provide

                                       9
<PAGE>
Landlord with corporate resolutions or other proof in a form acceptable to
Landlord, authorizing the execution of this lease at the time of such
execution.

25.  LIABILITY OF LANDLORD. The word "Landlord" as used herein includes the
Landlord named above as well as its successors and assigns, each of which shall
have the same rights, remedies, powers, authorities and privileges as it would
have had it originally signed this lease as Landlord. Any such person or
entity, whether or not named herein, shall have no liability hereunder after it
ceases to hold title to the Premises except for obligations already accrued
(and, as to any unapplied portion of Tenant's Security Deposit, Landlord shall
be relieved of all liability therefor upon transfer of such portion to its
successor in interest) and Tenant shall look solely to Landlord's successor in
interest for the performance of the covenants and obligations of the Landlord
hereunder which thereafter shall accrue. Neither Landlord nor any principal of
Landlord nor any owner of the Property, whether disclosed or undisclosed, shall
have any personal liability with respect to any of the provisions of this lease
or the Premises, and if Landlord is in breach or default with respect to
Landlord's obligations  under this lease or otherwise, Tenant shall look
solely to the equity of Landlord in the Property for the satisfaction of
Tenant's claims. Notwithstanding the foregoing, no mortgagee or ground lessor
succeeding to the interest of Landlord hereunder (either in terms of ownership
or possessory rights) shall be (a) liable for any previous act or omission of a
prior landlord, (b) subject to any rental offsets or defenses against a prior
landlord or (c) bound by any amendment of this lease made without its written
consent, or by payment by Tenant of Minimum Annual Rent in advance in excess of
one monthly installment.

26.  INTERPRETATION; DEFINITIONS.

     (a)  CAPTIONS.  The captions in this lease are for convenience only and
are not a part of this lease and do not in any way define, limit, describe or
amplify the terms and provisions of this lease or the scope or intent thereof.

     (b)  ENTIRE AGREEMENT.  This lease represents the entire agreement between
the parties hereto and there are no collateral or oral agreements or
understandings between Landlord and Tenant with respect to the Premises or the
Property. No rights, easements or licenses are acquired in the Property or any
land adjacent to the Property by Tenant by implication or otherwise except as
expressly set forth in the provisions of this lease. This lease shall not be
modified in any manner except by an instrument in writing executed by the
parties. The masculine (or neuter) pronoun and the singular number shall
include the masculine, feminine and neuter genders and the singular and plural
number. The word "INCLUDING" followed by any specific item(s) is deemed to
refer to examples rather than to be words of limitation. Both parties having
participated fully and equally in the negotiation and preparation of this
lease, this lease shall not be more strictly construed, nor any ambiguities in
this lease resolved, against either Landlord or Tenant.

     (c)  COVENANTS.  Each covenant, agreement, obligation, term, condition or
other provision herein contained shall be deemed and construed as a separate
and independent covenant of the party bound by, undertaking or making the same,
not dependent on any other provision of this lease unless otherwise expressly
provided. All of the terms and conditions set forth in this lease shall apply
throughout the Term unless otherwise expressly set forth herein.

     (d)  INTEREST.  Wherever interest is required to be paid hereunder, such
interest shall be at the highest rate permitted under law but not in excess of
15% per annum.

     (e)  SEVERABILITY; GOVERNING LAW.  If any provisions of this lease shall
be declared unenforceable in any respect, such unenforceability shall not
affect any other provision of this lease, and each such provision shall be
deemed to be modified, if possible, in such a manner as to render it
enforceable and to preserve to the extent possible the intent of the parties as
set forth herein. This lease shall be construed and enforced in accordance with
the laws of the state in which the Property is located.

     (f)  "MORTGAGE" AND "MORTGAGEE."  The word "MORTGAGE" as used herein
includes any lien or encumbrance on the Premises or the Property or on any part
of or interest in our appurtenance to any of the foregoing, including without
limitation any ground rent or ground lease if Landlord's interest is or becomes
a leasehold estate. The word "MORTGAGEE" as used herein includes the holder of
any mortgage, including any ground lessor if Landlord's interest is or becomes
a leasehold estate. Wherever any right is given to a mortgagee, that right may
be exercised on behalf of such mortgagee by any representative or servicing
agent of such mortgagee.

     (g)  "PERSON."  The word "person" is used herein to include a natural
person, a partnership, a corporation, an association and any other form of
business association or entity.

     (h)  PROPORTIONATE SHARE. At any time or times, upon request of Landlord
or of any tenant of the Building, the method for allocating Tenant's
Proportionate Share of any Impositions, cost, charge, rent, expense or payment
then or thereafter payable shall be redetermined by an independent qualified
expert. The cost of such redetermination shall be borne by the tenants of the
Building in

                                       10

<PAGE>
     (e)  SEVERABILITY; GOVERNING LAW.  If any provisions of this lease shall be
declared unenforceable in any respect, such unenforceability shall not affect
any other provision of this lease, and each such provision shall be deemed to be
modified, if possible, in such a manner as to render it enforceable and to
preserve to the extent possible the intent of the parties as set forth herein.
This lease shall be construed and enforced in accordance with the laws of the
state in which the Property is located.

     (f)  "MORTGAGE" AND "MORTGAGEE."  The word "mortgage" as used herein
includes any lien or encumbrance on the Premises or the Property or on any part
of or interest in or appurtenance to any of the foregoing, including without
limitation any ground rent or ground lease if Landlord's interest is or becomes
a leasehold estate. The word "mortgagee" as used herein includes the holder of
any mortgage, including any ground lessor if Landlord's interest is or becomes a
leasehold estate. Wherever any right is given to a mortgage, that right may be
exercised on behalf of such mortgagee by any representative or servicing agent
of such mortgagee.

     (g)  "PERSON."  The work "person" is used herein to include a natural
person, a partnership, a corporation, an association and any other form of
business association or entity.

27.  NOTICES.  Any notice or other communications under this lease shall be in
writing and addressed to Landlord or Tenant at their respective addresses
specified at the beginning of this lease, except that after the Commencement
Date Tenant's address shall be at the Premises, (or to such other address as
either may designate by notice to the other) with a copy to any mortgagee or
other party designated by Landlord. Each notice or other communication shall be
deemed given if sent by prepaid overnight delivery service or by certified mail,
return receipt requested, postage prepaid or in any other manner, with delivery
in any case evidenced by a receipt, and shall be deemed received on the day of
actual receipt by the intended recipient or on the business day delivery is
refused. The giving of notice by Landlord's attorneys, representatives and
agents under this Section shall be deemed to be the acts of Landlord; however,
the foregoing provisions governing the date on which a notice deemed to have
been received shall mean and refer to the date on which a party to this lease,
and not its counsel or other recipient to which a copy of the notice may be
sent, is deemed to have  received the notice.

28.  SECURITY DEPOSIT.  At the time of signing this lease, Tenant shall deposit
with Landlord the Security Deposit to be retained by Landlord as cash security
for the faithful performance and observance by Tenant of the provisions of this
lease. Tenant shall not be entitled to any interest whatever on the Security
Deposit. Landlord shall have the right to commingle the Security Deposit with
its other funds. Landlord may use the whole or any part of the Security Deposit
for the payment of any amount as to which Tenant is in default hereunder or to
compensate Landlord for any loss or damage it may suffer by reason of Tenant's
default under this lease. If Landlord uses all or any portion of the Security
Deposit as herein provided, within 10 days after written demand therefor, Tenant
shall pay Landlord cash in amount equal to that portion of the Security Deposit
used by Landlord. If Tenant shall comply fully and faithfully with all the
provisions of this lease, the Security Deposit shall be returned to Tenant after
the Expiration Date and surrender of the Premises to Landlord.

     IN WITNESS WHEREOF, and in consideration of the mutual entry into this
lease and for other good and valuable consideration, and intending to be legally
bound, Landlord and Tenant have executed this lease.

                                LANDLORD: LIBERTY PROPERTY LIMITED PARTNERSHIP

Date Signed:                    By: Liberty Property Trust, Sole General Partner

                                By:
-----------------                   ------------------------------------
                                    Leslie R. Price, Senior Vice President

                                TENANT: AATLAS COMMERCE, INC.

Date Signed:

                                By:
-----------------                   ------------------------------------

<PAGE>
29.  PA ADDITIONAL REMEDIES.

     (a)  When this lease and the Term or any extension thereof shall have been
terminated on account of any default by Tenant or when the Term or any extension
thereof shall have expired, Tenant hereby authorizes an attorney of any court of
record of the Commonwealth of Pennsylvania to appear for Tenant and for anyone
claiming by, through or under Tenant and to confess judgement against all such
paries, and in favor of Landlord, ?? ejectment and for the recovery of
possession of the Premises, of which this lease or a true and correct copy
hereof shall be good and sufficient warrant. AFTER
THE ENTRY OF ANY SUCH JUDGEMENT A WRIT OF POSSESSION MAY BE ISSUED THEREON
WITHOUT FURTHER NOTICE TO TENANT AND WITHOUT A HEARING. If for any reason after
such action shall have been commenced it shall be determined and possession of
the Premises remain in or be restored to Tenant, Landlord shall have the right
for the same default and upon any subsequent default(s) or upon the termination
of this lease or Tenant's right of possession as herein set forth, to again
confess judgement as herein provided, for which this lease or a true and correct
copy hereof shall be good and sufficient warrant.

     (b)  If Tenant shall default in payment of the Rent due hereunder, Tenant
hereby authorizes any attorney of any court of record of the Commonwealth of
Pennsylvania to appear for Tenant and to confess judgement against Tenant, and
in favor of Landlord, for all sums due hereunder plus interest, costs and an
attorney's collection commission equal to the greater of 10% of all such sums or
$1,000, for which this lease or a true and correct copy hereof shall be good and
sufficient warrant. TENANT UNDERSTANDS THAT THE FOREGOING PERMITS LANDLORD TO
ENTER A JUDGEMENT AGAINST TENANT WITHOUT PRIOR NOTICE OR HEARING. ONCE SUCH
JUDGEMENT HAS BEEN ENTERED AGAINST TENANT, ONE OR MORE WRITS OF EXECUTION OR
WRITS OF GARNISHMENT MAY BE ISSUED THEREON WITHOUT FURTHER NOTICE TO TENANT AND
WITHOUT A HEARING, AND, PURSUANT TO SUCH WRITS, LANDLORD MAY CAUSE THE SHERIFF
OF THE COUNTY IN WHICH ANY PROPERTY OF TENANT IS LOCATED TO SEIZE TENANT'S
PROPERTY BY LEVY OR ATTACHMENT. IF THE JUDGEMENT AGAINST TENANT REMAINS UNPAID
AFTER SUCH LEVY OR ATTACHMENT, LANDLORD CAN CAUSE SUCH PROPERTY TO BE SOLD BY
THE SHERIFF EXECUTING THE WRITS, OR, IF SUCH PROPERTY CONSISTS OF A DEBT OWED TO
TENANT BY ANOTHER ENTITY, LANDLORD CAN CAUSE SUCH DEBT TO BE PAID DIRECTLY TO
LANDLORD IN AN AMOUNT UP TO BUT NOT TO EXCEED THE AMOUNT OF THE JUDGEMENT
OBTAINED BY LANDLORD AGAINST TENANT, PLUS THE COSTS OF THE EXECUTION. Such
authority shall not be exhausted by one exercise thereof, but judgement may be
confessed as foresaid from time to time as often as any of said rental and other
sums shall fall due or be in arrears, and such owners may be exercised as well
after the expiration of the initial term of this lease and during any extended
or renewal term of this lease and after the expiration of any extended or
renewal term of this lease.

     (c)  The warrants to confess judgement set forth above shall continue in
full force and effect and be unaffected by amendments to this lease or other
agreements between Landlord and Tenant even if any such amendments or other
agreements increase Tenant's obligations or expand the size of the Premises.
Tenant waives any procedural errors in connection with the entry of any such
judgement or in the issuance of any one or more writs of possession or execution
or garnishment thereon.

(d)  TENANT KNOWINGLY AND EXPRESSLY WAIVES (I) ANY RIGHT, INCLUDING, WITHOUT
LIMITATION, UNDER ANY APPLICABLE STATUTE, WHICH TENANT MAY HAVE OR RECEIVE A
NOTICE TO QUIT PRIOR TO LANDLORD COMMENCING AN ACTION FOR REPOSSESSION OF THE
PREMISES AND (II) ANY RIGHT WHICH TENANT MAY HAVE TO NOTICE AND TO HEARING
PRIOR TO A LEVY UPON OR ATTACHMENT OF TENANT'S PROPERTY OR THEREAFTER.

                                          INITIALS ON BEHALF
                                          OF TENANT:
                                                     --------------------

                                      R-1

<PAGE>
30. MODIFICATION TO SECTION 7. OPERATION OF PROPERTY; PAYMENT OF EXPENSES.

In line 12 change "for the purpose of reducing operating expenses" to "for the
purpose of reducing operating expenses (to the extent of such savings realized)"

Add at end of 7(a): "For purposes of this section, the term "overhead expenses"
shall mean those expenses incurred by Landlord in connection and that are
necessary for the proper management of the Property."

31. MODIFICATION TO SECTION 9. ALTERATIONS AND FIXTURES.

At end of the first sentence of section 9(b) insert: "which shall not be
unreasonably withheld."

32. MODIFICATION TO SECTION 10. MECHANICS' LIENS.

Change reference from "5 days" to "15 days".

33. MODIFICATION TO SECTION 11. LANDLORD'S RIGHT TO RELOCATE TENANT; RIGHT OF
    ENTRY.

Section 11(a) is deleted in its entirety.

34. MODIFICATION TO SECTION 18. ASSIGNMENT AND SUBLETTING.

Revise second sentence of 18(a) to read as follows:

"However, Landlord's consent shall not be required in the event of any transfer
by Tenant to an affiliate of Tenant, merger by Tenant with a corporation, or
acquisition of Tenant by an acquiring corporation, provided that the surviving
entity is at least as creditworthy as Tenant as of the date of this lease and
provided Tenant delivers to landlord the instrument described in Section
(c)(iii) below, together with a certification of such creditworthiness by Tenant
and said new entity."

35. MODIFICATION TO SECTION 20. RECORDING; TENANT'S CERTIFICATE.

At the end of Section 20 insert the following:

"(c) Upon written request Landlord shall execute and deliver to Tenant a written
statement certifying the commencement Date and Expiration Date of this Lease,
that this Lease is in full force and effect and has not been modified and
otherwise as set forth in the form of estoppel certificate attached as Exhibit
"E" or with such modification as may be necessary to reflect accurately the
stated facts."

36. MODIFICATION OF SECTION 29. PA ADDITIONAL REMEDIES.

Notwithstanding anything in Sections 29(a) and (b) to the contrary, Landlord
will provide fifteen (15) days prior written notice prior to obtaining a writ of
possession or writ of execution and Tenant is entitled to written notice of the
entry of the judgment entered by confession and thereafter, thirty days to
respond or as otherwise permitted by law.
<PAGE>
37. TENANT IMPROVEMENTS. COMPLETION BY TENANT. Landlord shall complete the
Premises on behalf of Tenant and its contractor(s), at Tenant's sole expense, in
accordance with the plans or the description of improvements attached as Exhibit
"A" and the specifications attached as Exhibit "F". Landlord shall consent to
the alterations Tenant intends to make to the Premises in accordance with the
Plans provided that Tenant complies with Sections 13 and 14 of this Lease and
the following conditions:

     (a)  Completion Walk Through by Landlord: In addition to the right of
Landlord and its Agents to inspect the Premises as set forth in Section 15 of
this Lease, Landlord and its Agents shall have the right to conduct a
walk-through inspection of the Premises as completed by Tenant.

     (b)  Warranties: Any warranties from Tenant's contractor(s) shall be for
the benefit of Landlord as well as Tenant and Tenant shall deliver such
warranties to Landlord upon receipt.

     (c)  Workmanship: All construction shall be done in a good and workmanlike
manner and shall comply at the time of completion with all laws and
requirements. Tenant acknowledges that Landlord, on behalf of Tenant, shall
complete the Tenant Improvements during normal working hours while Tenant is
occupying portions of the Premises. Tenant shall work with Landlord to complete
all Tenant Improvements in a timely fashion.

38. TENANT ALLOWANCE.

     (a)  Allowance Amount: Landlord agrees to provide Tenant with an allowance
equal to the lesser of the Tenant's Cost or Three Hundred Six Thousand Six
Hundred Seventy Five Dollars ($306,675.00) (the lesser of which shall
hereinafter be referred to as the "Tenant Allowance"). For purposes of this
section, the "Tenant's Cost" shall be the aggregate of all costs, expenses and
fees incurred by or on behalf of Tenant in connection with the improvements to
be made by Tenant to the Premises in accordance with the Plans that have been
approved by Landlord. The Tenant's Cost shall include without limitation (i) the
cost charged to Tenant by Tenant's general contractor and all subcontractors for
performing such construction and (ii) the cost to Landlord of performing
directly any portion of such construction.

     (b)  Landlord agrees to provide an additional allowance of up to Fifty Four
Thousand Five Hundred Twenty Dollars ($54,520.00) ("Excess Allowance") in
connection with the improvements subject to (i) review of Tenant's financial
statements and possible additional security required by Landlord and (ii) the
actual Excess Allowance used amortized over the length of the Lease at a cost of
Fifteen Percent (15%) which will then become an increase in Minimum Annual Rent.

     By way of example, should Tenant utilize $25,000.00 of Excess Allowance the
calculation shall be $25,000.00 (present value), 15% annual interest, six (6)
year term, additional Minimum Annual Rent of Six Thousand Three Hundred Forty
Three 50/100 Dollars ($6,343.50).

     (c)  Acceptance of Premises: As of the date of this Lease, Tenant has
examined and knows the condition of the Property, the zoning, streets,
sidewalks, parking areas, curbs and access ways adjoining it, visible easements,
any surface conditions and the present uses, and Tenant accepts them in the
condition in which they now are, without relying on any representation, covenant
or warranty by Landlord. Tenant and its agent shall have the right, at Tenant's
own risk, expense and responsibility, at all reasonable times prior to the
Commencement Date, to enter 300 Chesterfield Parkway for the purpose of taking
measurements and installing
<PAGE>
its furnishings and equipment; provided that Tenant obtains Landlord's prior
written consent. Landlord shall negotiate in good faith with the current tenant
of 300 Chesterfield Parkway for access for the purpose of taking measurements
and installing its furnishings and equipment, subject to the same qualifications
as provided above. If no such access can be arranged, Landlord will make
available any available building or leasehold plans and specifications to assist
Tenant in the design of improvements.

Landlord represents to Tenant that as of the Commencement Date, the following
Building systems will be in good working order and repair: electrical, plumbing,
and HVAC systems.

39.  RENEWAL OPTION.

Provided that Landlord has not given Tenant notice of default more than two (2)
times preceding the Expiration Date, that there then exists no event of default
by Tenant under this lease nor any event that with the giving of notice and/or
the passage of time would constitute a default, and that Tenant is the sole
occupant of the Premises, Tenant shall have the right and option to extend the
Term for one (1) additional period of five (5) years, exercisable by giving
Landlord prior written notice, at least twelve (12) months in advance of the
Expiration Date, of Tenant's election to extend the Term; it being agreed that
time is of the essence and that this option is personal to Tenant and is
non-transferable to any assignee or sublessee (regardless of whether any such
assignment or sublease was made with or without Landlord's consent) or other
party. Such extension shall be under the same terms and conditions as provided
in this lease except as follows:

     (a)  the additional period shall begin on the Expiration Date and
thereafter the Expiration Date shall be deemed to be extended by five years;

     (b)  all references to the Term in this lease shall be deemed to mean the
Term as extended pursuant to this Section;

     (c)  there shall be no further options to extend; and

     (d)       the Minimum Annual Rent payable by Tenant for the additional
          period shall be computed based upon the then "Fair Market Rental Rate"
          of the Premises, based upon the rental rate then being quoted for
          comparable office space in similar office buildings located in the
          Great Valley, Pennsylvania market area, taking into account among
          other factors rental rate, lease term, and tenant improvements offered
          to renewal tenants but in no event shall the new rent be less than the
          Minimum Annual Rent payable at the end of the immediately preceding
          Term of the Lease. Within one (1) month after Landlord receivers
          Tenant's notice of the exercise of this option, Landlord will notify
          Tenant to the "Fair Market Rental Rate" which shall be Landlord's good
          faith determination of the rental rate applicable at such time for
          office space in similar buildings located in the Malvern, Pennsylvania
          Market Area ("Landlord's Rental Notice"). If Tenant objects to the
          Fair Market Rental Rate as so established, Tenant may rescind its
          exercise of this option to extend term, providing Tenant gives notice
          of such recision to Landlord on or before two (2) weeks after Tenant
          receives Landlord's Rental Notice, time being of the essence. If
          Tenant so rescinds its exercise, Tenant's option to extend term shall
          be deemed both unexercised and extinguished. If Tenant does not so
          rescind its exercise, the term of this Lease shall be extended as
          provided before, with the Minimum Annual Rent applicable to such
          additional period being computed based upon the Fair Market Rental
          Rate as stated in the Landlord's Rental Notice.
<PAGE>
40.  EXISTING LEASE OBLIGATION.

Notwithstanding anything to the contrary contained herein, Landlord and Tenant
acknowledge that the premises are currently leased by AmeriSource Corporation.
Landlord and AmeriSource are negotiating a Lease Termination Agreement for the
Premises under which the AmeriSource Lease would terminate on June 16, 2000. If
Landlord and AmeriSource do not execute a Lease Termination Agreement by April
15, 2000, or AmeriSource executes said Lease Termination Agreement by April 15,
2000, but does not vacate the Premises on or before June 16, 2000, Landlord
shall notify Tenant when the Premises will first become available for occupancy
("Occupancy Date") and take possession of the Premises should the Occupancy
Date be prior to August 31, 2000. If Landlord is unable to provide Tenant
possession prior to August 31, 2000, Tenant may terminate ("Termination
Option") this Agreement upon fifteen (15) days written notice to Landlord. This
Termination Option shall expire on August 31, 2000.

In the event this agreement is terminated, then neither party shall have any
further rights or obligations under this agreement.

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