Document:

<PAGE>

                                                                    EXHIBIT 10.3

                                CONSENT AGREEMENT

         THIS CONSENT AGREEMENT (this "Consent") is entered into as of the 20th
day of August, 2002, by and among (a) Dominion Homes, Inc. (the "Company"), (b)
the institutions from time to time party to the Credit Agreement (as defined
below) as lenders (individually, a "Lender" and collectively, the "Lenders"),
and (c) The Huntington National Bank ("Huntington") as issuing bank and as a
Lender, and Huntington in its separate capacity as administrative agent for the
Lenders and the issuing bank (with its successors in such capacity, the
"Administrative Agent").

                                    RECITALS:

     A. As of December 31, 2001, the Company, the Lenders, the Administrative
     Agent, and Huntington, in its capacity as issuing bank, executed a certain
     Amended and Restated Credit Agreement, which was amended by a certain First
     Amendment to Amended and Restated Credit Agreement dated as of June 10,
     2002, (as so amended, collectively the "Credit Agreement"), setting forth
     the terms of certain extensions of credit to the Company; and

     B. As of December 31, 2001, the Company executed and delivered to the
     Administrative Agent, inter alia, revolving credit notes in favor of the
     Lenders, in the original aggregate principal sum of One Hundred Seventy
     Five Million Dollars ($175,000,000) and a swing note in favor of Huntington
     in the principal sum of $10,000,000, (hereinafter collectively, the
     "Notes"); and

     C. In connection with the Credit Agreement and the Notes, the Company and
     certain of its Subsidiaries executed and delivered to the Administrative
     Agent a standby letter of credit reimbursement agreement, guaranty
     agreements, certain other loan documents, consents, agreements, and
     instruments in connection with the indebtedness referred to in the Credit
     Agreement (all of the foregoing, together with the Notes and the Credit
     Agreement, are hereinafter collectively referred to as the "Loan
     Documents"); and

     D. The Company desires to enter into a lease transaction of office space
     that when added to existing lease obligations would violate the annual
     limit on operating lease rentals set forth in Section 8.7, "Operating Lease
     Rentals," of the Credit Agreement (the "Lease Transaction"); and

     E. The Company has requested that the Required Lenders and the
     Administrative Agent consent to the Lease Transaction and modify Section
     8.7, "Operating Lease Rentals," of the Credit Agreement so that the Company
     may enter into the Lease Transaction without violating Section 8.7 of the
     Credit Agreement, and the Required Lenders and the Administrative Agent are
     willing to do so upon the terms and conditions contained herein.

     NOW, THEREFORE, in consideration of the mutual covenants, agreements and
     promises contained herein, the receipt and sufficiency of which are hereby
     acknowledged, and intending to be legally bound, the parties hereto for
     themselves and their successors and assigns do hereby agree, represent and
     warrant as follows:

<PAGE>

         1. Definitions. All capitalized terms not otherwise defined herein
shall have the meanings ascribed to such terms in the Credit Agreement.

         2. Notwithstanding Section 8.7, "Operating Lease Rentals," of the
Credit Agreement, the Required Lenders and the Administrative Agent hereby
consent to the Lease Transaction, during the period beginning August 15, 2002,
and continuing, through and including December 31, 2002, only.

         3. Conditions of Effectiveness. All provisions of this Consent shall
become effective as of August 15, 2002, upon satisfaction of all of the
following conditions precedent:

         (a) The Administrative Agent shall have received nine duly executed
     copies of this Consent and such other certificates, instruments, documents,
     agreements, and opinions of counsel as may be required by the
     Administrative Agent, each of which shall be in form and substance
     satisfactory to the Administrative Agent and its counsel; and

         (b) The representations contained in paragraph 4 below shall be true
     and accurate in all respects.

         4. Representations. The Company represents and warrants that after
giving effect to this Consent (a) each and every one of the representations and
warranties made by or on behalf of the Company in the Credit Agreement or the
Loan Documents is true and correct in all respects on and as of the date hereof,
except to the extent that any of such representations and warranties related, by
the expressed terms thereof, solely to a date prior hereto; (b) the Company has
duly and properly performed, complied with and observed each of its covenants,
agreements and obligations contained in the Credit Agreement and Loan Documents;
and (c) no event has occurred or is continuing, and no condition exists which
would constitute an Event of Default or a Potential Default.

         5. Amendment to Credit Agreement. (a) Upon the effectiveness of this
Consent, each reference in the Credit Agreement to "Credit Agreement,"
"Agreement," the prefix "herein," "hereof," or words of similar import, and each
reference in the Loan Documents to the Credit Agreement, shall mean and be a
reference to the Credit Agreement as amended hereby. (b) Except as modified
herein, all of the representations, warranties, terms, covenants and conditions
of the Credit Agreement, the Loan Documents and all other agreements executed in
connection therewith shall remain as written originally and in full force and
effect in accordance with their respective terms, and nothing herein shall
affect, modify, limit or impair any of the rights and powers which the Lenders
and the Administrative Agent may have thereunder. The amendment set forth herein
shall be limited precisely as provided for herein, and shall not be deemed to be
a waiver of, amendment of, consent to or modification of any of the rights of
the Lenders or the Administrative Agent under or of any other term or provisions
of the Credit Agreement, any Loan Document, or other agreement executed in
connection therewith, or of any term or provision of any other instrument
referred to therein or herein or of any transaction or future action on the part
of the Company which would require the consent of the Lenders and the
Administrative Agent, including, without limitation, waivers of Events of
Default which may

                                       -2-

<PAGE>

exist after giving effect hereto. The Company ratifies and confirms each term,
provision, condition and covenant set forth in the Credit Agreement and the Loan
Documents and acknowledges that the agreements set forth therein continue to be
legal, valid and binding agreements, and enforceable in accordance with their
terms.

         6. Authority. The Company hereby represents and warrants to the
Administrative Agent and the Lenders that (a) the Company has legal power and
authority to execute and deliver the within Amendment; (b) the officer executing
the within Amendment on behalf of the Company has been duly authorized to
execute and deliver the same and bind the Company with respect to the provisions
provided for herein; (c) the execution and delivery hereof by the Company and
the performance and observance by the Company of the provisions hereof do not
violate or conflict with the articles of incorporation or code of regulations of
the Company or any law applicable to the Company or result in the breach of any
provision of or constitute a default under any agreement, instrument or document
binding upon or enforceable against the Company; and (d) this Consent
constitutes a valid and legally binding obligation upon the Company in every
respect.

         7. Counterparts. This Consent may be executed in two or more
counterparts, each of which, when so executed and delivered, shall be an
original, but all of which together shall constitute one and the same document.
Separate counterparts may be executed with the same effect as if all parties had
executed the same counterparts.

         8. Costs and Expenses. The Company agrees to pay on demand in
accordance with the terms of the Credit Agreement all reasonable costs and
expenses of the Administrative Agent in connection with the preparation,
reproduction, execution and delivery of this Consent and all other loan
documents entered into in connection herewith, including the reasonable fees and
out-of-pocket expenses of the Administrative Agent's counsel with respect
thereto.

         9. Governing Law. This Consent shall be governed by and construed in
accordance with the law of the State of Ohio.

                                       -3-

<PAGE>

                  IN WITNESS WHEREOF, the Company, the Lenders and the
Administrative Agent have hereunto set their hands as of the date first set
forth above.

                              COMPANY:

                              DOMINION HOMES, INC.

                              By:    /s/ Peter J. O'Hanlon
                                 -----------------------------------------------

                              Its: Senior Vice President/Chief Financial Officer
                                  ----------------------------------------------

                              ADMINISTRATIVE AGENT:

                              THE HUNTINGTON NATIONAL BANK

                              By: /s/ William R. Remias
                                 -----------------------------------------------

                              Its: Vice President
                                  ----------------------------------------------

                              LENDERS:

                              THE HUNTINGTON NATIONAL BANK,
                              as Lender and Issuing Bank

                              By: /s/ William R. Remias
                                 -----------------------------------------------

                              Its:  Vice President
                                  ----------------------------------------------

                              BANK ONE, NATIONAL ASSOCIATION

                              By:   /s/ David A. DeVictor
                                 -----------------------------------------------

                              Its:   Vice President
                                  ----------------------------------------------

                                       -4-

<PAGE>

                              KEYBANK NATIONAL ASSOCIATION

                              By:  /s/ Robert L. Zelina
                                 -----------------------------------------------

                              Its:  Vice President
                                  ----------------------------------------------

                              NATIONAL CITY BANK

                              By:  /s/ Steven A. Smith
                                 -----------------------------------------------

                              Its:  Senior Vice President
                                  ----------------------------------------------

                              COMERICA BANK

                              By:  /s/ Charles L. Weddell
                                 -----------------------------------------------

                              Its:  Vice President
                                  ----------------------------------------------

                              U.S. BANK N.A. fka Firstar Bank, N.A.

                              By:  /s/ Dean Vandewater
                                 -----------------------------------------------

                              Its:  Assistant Vice President
                                  ----------------------------------------------

                              THE PROVIDENT BANK

                              By:  /s/ Stephen S. Brooks
                                 -----------------------------------------------

                              Its: Senior Vice President
                                  ----------------------------------------------

                              FIFTH THIRD BANK (CENTRAL OHIO)

                              By: /s/ John K. Beardslee
                                 -----------------------------------------------

                              Its:  Vice President
                                  ----------------------------------------------

                                       -5-

<PAGE>

                              CONSENT OF GUARANTORS

     Each of the undersigned, being a guarantor of the Company's indebtedness to
     the Agent and the Lenders pursuant to certain guaranty agreements in favor
     of the Agent with the Bank, hereby consents and agrees to be bound by the
     terms, conditions and execution of the above Consent and hereby further
     agrees that its obligations shall be continuing as provided in said
     guaranty agreements and said guaranty agreements shall remain as written
     originally and continue in full force and effect in all respects.

                              DOMINION HOMES OF KENTUCKY, LTD.
                              By:   Dominion Homes of Kentucky GP, LLC,
                                    its general partner

                              By:     /s/ Peter J. O'Hanlon
                                 -----------------------------------------------

                              Its:    Vice President/Treasurer
                                  ----------------------------------------------

                              DOMINION HOMES OF KENTUCKY GP, LLC

                              By:    /s/ Peter J. O'Hanlon
                                 -----------------------------------------------

                              Its:   Vice President/Treasurer
                                  ----------------------------------------------

                              ALLIANCE TITLE AGENCY OF KENTUCKY, LLC

                              By:     /s/ Peter J. O'Hanlon
                                 -----------------------------------------------

                              Its:    Vice President/Treasurer
                                  ----------------------------------------------

                              RESOLUTION PROPERTY COMPANY, LLC

                              By:    /s/ Peter J. O'Hanlon
                                 -----------------------------------------------

                              Its:  President
                                  ----------------------------------------------

                              DOMINION HOMES REALTY, LLC

                              By:   /s/ Peter J. O'Hanlon
                                 -----------------------------------------------

                              Its:  Vice President/Treasurer
                                  ----------------------------------------------

                                       -6-<PAGE>
                                                                    EXHIBIT 10.4

                             OFFICE LEASE AGREEMENT

                                    BETWEEN

                            PRECISION EQUITIES, LTD.
                                   (Landlord)

                                       AND

                              DOMINION HOMES, INC.
                                    (Tenant)

<PAGE>

                                TABLE OF CONTENTS
<TABLE>
<CAPTION>
<S>      <C>                                                                                                       <C>

ss.1.  LEASE OF PREMISES .......................................................................................... 4

ss.2.  TERM ....................................................................................................... 4

ss.3.  RENT ....................................................................................................... 4

ss.4.  SECURITY DEPOSIT ........................................................................................... 5

ss.5.  INSURANCE .................................................................................................. 5

ss.6.  QUIET ENJOYMENT ............................................................................................ 7

ss.7.  USE OF LEASED PREMISES; COMPLIANCE WITH LAWS ............................................................... 7

ss.8.  CONSTRUCTION OF BUILDING AND TENANT IMPROVEMENTS ........................................................... 7

ss.9.  FORCE MAJEURE .............................................................................................. 8

ss.10. CONDITION OF LEASED PREMISES ............................................................................... 8

ss.11. MAINTENANCE AND REPAIRS .................................................................................... 8

ss.12. ALTERATIONS ................................................................................................ 9

ss.13. DAMAGE OR DESTRUCTION TO LEASED PREMISES ................................................................... 9

ss.14. CONDEMNATION .............................................................................................. 10

ss.15. SERVICES .................................................................................................. 10

ss.16. SUBORDINATION OF LEASE .................................................................................... 11

ss.17. ESTOPPEL CERTIFICATES ..................................................................................... 12

ss.18. INDEMNIFICATION ........................................................................................... 12

ss.19. LIMITATION OF LIABILITY ................................................................................... 12

ss.20. MUTUAL WAIVER OF SUBROGATION .............................................................................. 13

ss.21. PERSONAL PROPERTY ......................................................................................... 13

ss.22. LIABILITY RELATING TO TENANT'S OPERATIONS ................................................................. 13

ss.23. EVENTS OF DEFAULT/REMEDIES UPON DEFAULT ................................................................... 13

ss.24. RIGHT TO CURE DEFAULTS .................................................................................... 15

ss.25. CUMULATIVE RIGHTS AND REMEDIES ............................................................................ 16

ss.26. HOLDING OVER .............................................................................................. 16

ss.27. ASSIGNMENT AND SUBLETTING ................................................................................. 16

ss.28. ACCESS AND OTHER RIGHTS OF LANDLORD ....................................................................... 17

ss.29. FINANCIAL STATEMENTS; REPORTING REQUIREMENTS .............................................................. 18

ss.30. HAZARDOUS MATERIALS ....................................................................................... 18

ss.31. SIGNAGE ................................................................................................... 20
</TABLE>

                                       -2-

<PAGE>
<TABLE>
<CAPTION>
<S>   <C>                                                                                                         <C>
ss.32. NOTICES ................................................................................................... 20

ss.33. SURVIVAL OF OBLIGATIONS ................................................................................... 21

ss.34. MEMORANDUM OF LEASE ....................................................................................... 21

ss.35. NON-WAIVER ................................................................................................ 21

ss.36. NO THIRD PARTY BENEFIT .................................................................................... 22

ss.37. LITIGATION ................................................................................................ 22

ss.38. SEVERABILITY .............................................................................................. 22

ss.39. GOVERNING LAW; VENUE ...................................................................................... 22

ss.40. EXHIBITS .................................................................................................. 22

ss.41. COMPLETE AGREEMENT ........................................................................................ 22

ss.42. COUNTERPARTS .............................................................................................. 23

ss.43. GENDERS AND NUMBERS ....................................................................................... 23

ss.44. TIME OF THE ESSENCE ....................................................................................... 23

ss.45. CAPTIONS .................................................................................................. 23

ss.46. SUCCESSORS IN INTEREST .................................................................................... 23

SIGNATURES ....................................................................................................... 25
</TABLE>

LIST OF EXHIBITS
----------------

EXHIBIT A - LEGAL DESCRIPTION OF REAL PROPERTY

EXHIBIT B - DEPICTION OF LEASED PREMISES

EXHIBIT C - RULES AND REGULATIONS

                                       -3-

<PAGE>

                                 LEASE AGREEMENT

                                     Office

This lease agreement is made effective August 21, 2002 between Precision
Equities, Ltd., an Ohio limited liability company ("Landlord"), and Dominion
Homes, Inc., an Ohio corporation ("Tenant"), who hereby agree as follows:

ss.1. LEASE OF PREMISES

On the terms and subject to the conditions described in this lease, Landlord
hereby leases to Tenant, and Tenant hereby leases from Landlord, 7,658 leasable
square feet of space within the office building constructed, or to be
constructed (the "Building"), upon the real property commonly known as 5115
Parkcenter Avenue, Dublin, Ohio 43017, which real property is more fully
described on the attached Exhibit A (the "Real Property"). The physical area to
be leased by Tenant is depicted on the attached Exhibit B (the "Leased
Premises"). Wherever used in this lease, the term Leased Premises shall include
the non-exclusive use of and access to the parking areas adjoining or proximate
to the Building and all reception areas, common restrooms, and other interior
common areas within the Building.

This lease and Tenant's rights hereunder are subject to (a) the lien of real
estate taxes and installments of assessments; (b) building and zoning laws,
ordinances and regulations; (c) legal highways; (d) any first mortgage on the
Real Property granted by Landlord and any other mortgages heretofore or
hereafter granted by Landlord as contemplated in ss.18 below; and (e) covenants,
conditions and restrictions of record.

ss.2. TERM

The term of this lease (the "Term") shall be for a period of 1 year and shall
commence on September 1, 2002 (the "Commencement Date"). Tenant shall have the
right to extend the Lease on a month to month basis for an additional year under
the same terms and conditions of the Lease.

ss.3. RENT

During the Term, Tenant shall pay to Landlord base rent in United States dollars
(the "Base Rent"), based upon the leasable square footage of the Leased
Premises, in the following amounts:

                         Annual                                      Monthly
                         ------                                      -------
 Year 1       $122,528.00  (i.e. $16.00/sf)                         $10,210.67

                                       -4-

<PAGE>

All payments of Base Rent due under this lease shall be due and payable in
advance on or before the Commencement Date for the first month during the Term
and on or before the first day of each calendar month thereafter, shall be made
by normal business methods without demand, set-off, or deduction whatsoever, and
shall be paid and addressed to Landlord at c/o The Daimler Group, Inc., 1533
Lake Shore Drive, Suite 50, Columbus, Ohio 43204 or at such other address as
Landlord may designate to Tenant from time to time. If the Commencement Date is
not the first day of a calendar month, the Base Rent for the first month of the
Term shall be prorated on a daily basis.

ss.4. SECURITY DEPOSIT

Upon the execution of this lease by Tenant, Tenant shall deposit with Landlord a
sum equal to $0 to serve as the security deposit (the "Security Deposit")
relating to this lease. The Security Deposit is in addition to, and not in lieu
of, any advance payment of Base Rent which may be required by this lease.
Landlord may commingle the Security Deposit with other funds of Landlord and
shall have no obligation to pay any interest on the Security Deposit.

The Security Deposit shall be held by Landlord as security for the faithful and
timely performance by Tenant of all of its obligations under this lease. In the
event Tenant fails to so perform at any time, Landlord may, in its sole and
exclusive discretion, offset against the Security Deposit in whole or in part to
reduce Landlord's damages relating to such failure. Neither the posting of the
Security Deposit nor any such offset, however, shall be deemed to make the
Security Deposit a measure of liquidated damages or Landlord's sole and
exclusive remedy, and it is agreed that Landlord's right to use the Security
Deposit is in addition to, and not in lieu of, Landlord's other remedies under
this lease or at law or in equity. Tenant shall deposit additional sums with
Landlord in an amount sufficient to restore the Security Deposit to its original
principal amount in the event Landlord offsets against the Security Deposit.

ss.5. INSURANCE

         (a)  Landlord Requirements. At all times during the Term, Landlord
              shall maintain in an amount deemed acceptable to Landlord from
              time to time all of the following insurance coverages: (i) fire
              and special extended coverage insurance insuring the full
              replacement value of the Building and all other improvements to
              the Real Property, (ii) commercial general liability insurance
              having a combined limit of not less than $10,000,000, per
              occurrence, and (iii) during the construction of the Building and
              related improvements to the Real Property, builder's risk
              insurance. Each such insurance policy shall be issued by a
              reputable insurance company licensed to sell such insurance in the
              State of Ohio.

                                       -5-

<PAGE>

         (b)  Tenant Requirements. At all times during the Term, Tenant shall
              maintain such insurance as Landlord may reasonably require,
              including without limitation personal property, liability, plate
              glass, business interruption, and workers compensation insurance.
              Specifically, Tenant shall obtain and maintain during the Term,
              commercial general liability insurance written on an occurrence
              basis (including bodily injury, broad form property damage and
              blanket contractual liability), insuring Tenant's liability for
              loss of, damage to, property and injury to or death of third
              parties with a limit of at least $2,000,000 combined single limit
              bodily injury and $500,000 property damage for each such
              occurrence. All such insurance must be issued by reputable
              insurance companies licensed to sell such insurance in the State
              of Ohio and be in amounts satisfactory to Landlord in its
              reasonable discretion, include waivers of subrogation, provide
              that it may not be canceled except upon at least 30 days prior
              written notice to Landlord, and name Landlord (and, if requested
              by Landlord, any mortgagee of the Building) as an additional
              insured or loss payee, as appropriate. Evidence of such insurance
              must be delivered to Landlord before Tenant is permitted to enter
              the Leased Premises and must be provided not less frequently than
              annually thereafter.

              If Tenant does or permits anything to be done in the Leased
              Premises, Building, or Real Property, or brings or keeps anything
              therein which may in any way increase the rate of fire or other
              insurance on the Building or on the Real Property kept therein, or
              conflict with any insurance policy upon the Building or any part
              thereof, or with any statutes, rules or regulations enacted or
              established by the appropriate governmental authorities, then
              Tenant shall pay to Landlord as Rent all amounts necessary to
              reimburse Landlord for such increase or otherwise remedy such
              situation.

         (c)  Waiver of Subrogation. Notwithstanding anything in this lease to
              the contrary, Landlord and Tenant each hereby waives any and all
              rights of recovery, claim, action or cause of action against the
              other, its agents, officers, managers, directors, partners,
              members, shareholders or employees, for any loss or damage that
              may occur to the Leased Premises or any property therein, by
              reason of fire, the elements or any other cause which is insurable
              under fire and special extended coverage insurance policies,
              regardless of cause or origin, including negligence, and each
              covenants that no insurer shall hold any right of subrogation
              against such other party.

                                       -6-

<PAGE>

ss.6. QUIET ENJOYMENT

Provided that Tenant observes and performs the covenants and agreements under
this lease, Tenant shall, at all times during the Term, peacefully and quietly
have and enjoy possession of the Leased Premises without encumbrance or
hindrance from Landlord.

ss.7. USE OF LEASED PREMISES; COMPLIANCE WITH LAWS

Tenant shall use the Leased Premises for general office use only, including uses
incidental or related thereto, and shall not permit the Leased Premises to be
used for any other purpose without the prior written consent of Landlord to that
specific use. Tenant shall occupy and use the Leased Premises only in a careful,
safe, and proper manner and shall not commit or permit any waste of or on the
Leased Premises. Tenant shall comply with the Rules and Regulations attached
hereto as Exhibit C and with all modifications adopted by Landlord from time to
time.

Tenant shall promptly comply or cause compliance with all laws, regulations,
orders, and requirements of all federal, state, and local governments, courts,
or other lawful authorities, which now or at any time hereafter may apply to or
affect the Leased Premises or any business conducted on the Leased Premises,
whether present or future, foreseen or unforeseen, ordinary or extraordinary,
and whether or not presently contemplated by Landlord or Tenant. Tenant shall
obtain, maintain, and comply with all permits, licenses, and other
authorizations required for any use then being made of the Leased Premises.

No abatement or interruption in Rent or other charges required to be paid by
Tenant pursuant to this lease shall be claimed by or allowed to Tenant for any
inconvenience or interruption or loss of business caused directly or indirectly
by any present or future laws, ordinances, regulations, requirements, or orders
of any lawful authority whatsoever, or by any other cause or causes; and no
diminution in the amount of space used by Tenant caused by legally required
changes in the Leased Premises shall entitle Tenant to any abatement or
reduction in Rent or any other charges required to be paid by Tenant under this
lease.

ss.8. CONSTRUCTION OF BUILDING AND TENANT IMPROVEMENTS

If construction of the Building has yet to be completed, Landlord shall at its
cost and expense (a) construct and improve the Building in accordance with
applicable zoning and building laws, (b) complete all corridors, common areas,
restrooms, and other interior common areas in the Building available for the use
of all tenants and their invitees, and (c) complete all improvements to the
Leased Premises (the "Tenant Improvements") in accordance with the final tenant
plans and specifications prepared by Landlord's architect and approved by
Landlord and Tenant (the "Plans"). Tenant shall not do anything, or fail to do
anything, that will cause a delay in the completion of the construction of such
tenant improvements within the Leased Premises or that will increase the costs
of such construction. In the event Tenant fails to cooperate or comply

                                       -7-

<PAGE>

with this section and such failure results in a delay of completion of the
construction of such Tenant Improvements by Landlord, Tenant shall be
responsible to Landlord for all Rent that would have been due from Tenant under
this lease but for such delay.

ss.9. FORCE MAJEURE

In the event Landlord shall be delayed or hindered or prevented in the
performance of any obligations required under this lease by reason of strike,
lockout, inability to procure labor or materials, failure of power, fire, or
acts of God, restrictive governmental laws or regulations, riots, insurrection,
war or any other reason not within the reasonable control of Landlord, the
performance of such obligations shall be excused for a period of such delay and
the period for the performance of any such act shall be extended for a period
equivalent to the period of any such delay.

ss.10. CONDITION OF LEASED PREMISES

Landlord has made no representation or warranty, express or implied, with
respect to the condition of the Leased Premises or the fitness of the Leased
Premises for any particular use. Tenant acknowledges that he has fully
investigated and is familiar with the size, dimensions, and physical condition
of the Leased Premises and is accepting the Leased Premises "as is". Except as
expressly described in this lease, Landlord shall not be required to make any
improvement, repair, alteration, or restoration of the Leased Premises or in any
manner maintain the Leased Premises, and shall have no liability for any latent
or patent defects in or any condition of the Leased Premises.

ss.11. MAINTENANCE AND REPAIRS

Tenant shall maintain the interior of the Leased Premises and all fixtures,
signs, equipment, and personal property therein in good order and condition of
repair, safety, cleanliness, and appearance, ordinary wear and tear excepted,
and shall promptly make all repairs and replacements necessary or appropriate to
so maintain the Leased Premises and such fixtures, signs, equipment, and
personal property including without limitation repairs or replacements of plate
glass, windows, doors, fixtures, equipment, furniture, and appliances. At the
expiration or other termination of this lease, Tenant shall surrender and
deliver up the Leased Premises in good order and condition as it is (or shall be
upon completion of construction of the Building and the Leased Premises),
ordinary wear and tear excepted.

Landlord shall maintain the Building (excluding the Leased Premises and all
other spaces leased to other tenants), any corridors, reception areas for the
Building, common area restrooms, and other common areas available for use by all
tenants and their invitees and the exterior sidewalks, parking lot, and any
grounds adjacent to the Building.

                                       -8-

<PAGE>
ss.12. ALTERATIONS

No alteration, addition, improvement, or other change in or to the Leased
Premises (hereinafter an "Alteration") shall be made by Tenant except under the
following circumstances: (a) no Alteration shall be made without the prior
written consent of Landlord to the specific Alteration, except usual
nonstructural interior remodeling which enhances the value of the Leased
Premises; (b) no Alteration shall be commenced until Tenant has first obtained
and paid for all required permits and authorizations of all governmental
authorities having jurisdiction; (c) any Alteration shall be made promptly and
in a good and workmanlike manner and in compliance with all laws, ordinances,
regulations, and requirements of all governmental authorities; (d) the cost of
any such Alteration shall be paid in cash or its equivalent, so that the Leased
Premises shall at all times be free of liens and claims for work, labor, or
materials supplied or claimed to have been supplied to the Leased Premises and,
if Landlord at any time so requests, no Alteration shall commence or proceed
unless Tenant gives evidence satisfactory to Landlord that such Alteration will
be fully paid for upon completion; and (e) any Alteration shall immediately
become and remain the property of Landlord, unless Landlord otherwise agrees, in
writing, subject to the rights of Tenant under this lease provided that upon
termination of this lease, Landlord shall have the right at its option to
require Tenant to remove any Alteration and to restore the Leased Premises to
the same condition as before the Alteration was made, unless Landlord expressly
waives the foregoing right in its written consent to the Alteration.

ss.13. DAMAGE OR DESTRUCTION TO LEASED PREMISES

If at any time during the Term the Leased Premises are damaged or destroyed,
Landlord may, at its option, repair or restore the Leased Premises (subject to
the following paragraph) to the condition that existed immediately prior to such
damage or destruction or terminate this lease as of the date of such damage or
destruction. Upon such termination, the rent payable by Tenant shall be
apportioned as of the date of such damage or destruction. Landlord shall give
written notice to Tenant of its election either to repair or restore the Leased
Premises or to terminate this lease within 60 days after the date such damage or
destruction occurs. Provided that such damage or destruction was not caused by
Tenant, in the event that Landlord does not so terminate this lease as permitted
above, the Rent payable by Tenant shall be abated during the period of any
restoration or repair of the Leased Premises in such proportion that the floor
area of the Leased Premises of which Tenant is deprived as a result of such
damage or destruction or the repair or restoration necessitated thereby bears to
the total floor area of the Leased Premises. Notwithstanding anything in this
paragraph to the contrary, in the event the Leased Premises are damaged to an
immaterial or nonsubstantial degree and the balance of the Building has not been
materially damaged, Landlord shall cause the Leased Premises to be repaired and
restored as soon as reasonably possible after the date of such damage; provided
that in such event, Rent shall not be abated or reduced.

Unless this lease is terminated by Landlord as provided in this section, this
lease shall remain in full force and effect and Landlord shall proceed with due
diligence to restore,

                                       -9-

<PAGE>

repair, and replace the Leased Premises to substantially the same condition as
they were in prior to such damage or destruction. Landlord shall be under no
duty to restore any Alterations, improvements or additions made by Tenant or by
Landlord at Tenant's request after the Commencement Date, unless covered by
proceeds of insurance designated for such Alterations, improvements, or
additions and available to Landlord. In all cases, allowances for the completion
of the repairs shall be given to Landlord for any reasonable delays caused by
adjustment of insurance loss, strikes, labor difficulties, inability to obtain
supplies or materials or any cause beyond Landlord's control.

ss.14. CONDEMNATION

If all or a material part of the Leased Premises are taken by any condemning
authority under the power of eminent domain or by any purchase or other
acquisition in lieu thereof, this lease shall terminate as of the date
possession is required by the condemning authority. In addition, if any portion
of the Building (other than the Leased Premises) is so taken, Landlord shall
have the right at its option to terminate this lease at any time prior to or
within 30 days after the date possession is required by the condemning
authority. In the event of any such termination, the Rent payable by Tenant
shall be apportioned as of the termination date. In any event, Landlord shall be
entitled to receive the entire appropriation award or consideration paid by the
condemning authority, other than any part of such award or consideration which
relates to Tenant's occupancy of the Leased Premises.

For purposes of this section, any negotiated sale to a public or quasi-public
authority under the threat of condemnation shall be deemed to constitute a
taking by such public or quasi-public authority under the power of eminent
domain.

ss.15. SERVICES

During the Term and provided that Tenant is not in default under any of the
covenants or provisions of this lease, Landlord shall maintain the Building and
the Real Property in good order and condition except for damage occasioned by
the actions or inactions of Tenant, its employees, agents or invitees, and
Landlord shall also provide the following services during reasonable and usual
business hours:

         (a)  air conditioning and heat for comfortable occupancy Monday through
              Friday from 7:00 A.M. to 6:00 P.M. and Saturday from 7:00 A.M. to
              1:00 P.M., holidays excepted. Tenant shall not use any apparatus
              or device in, upon or about the Leased Premises which would
              substantially increase the amount of such services usually
              furnished and supplied to tenants in the Building, and Tenant
              shall not connect any apparatus or device with the conduits or
              pipes, or other means by which such services are supplied, for the
              purpose of using additional or unusual amounts of such services,
              without the prior written consent of Landlord; provided that
              should Tenant use such services under this provision to excess,
              Landlord reserves the right to charge Tenant directly for such
              excessive use. Such a charge shall be payable as Rent.

                                       -10-

<PAGE>

         (b)  electric power for lighting and office equipment for occupancy and
              normal use of the Leased Premises. Electric power furnished by
              Landlord is intended to be that consumed in normal office use for
              lighting and office equipment, and Landlord reserves the right, if
              consumption of electricity exceeds that required for normal office
              use, to include an additional charge for such electricity as an
              item to be included in Additional Rent with such charge to be
              based upon the determination of an independent engineer selected
              by Landlord but paid for by Tenant.

         (c)  water for drinking, lavatory, and restroom purposes.

         (d)  lighting, public restroom supplies, window washing (with
              reasonable frequency) and janitorial services to the Building
              (including the Leased Premises).

         (e)  parking in the parking lot in accordance with rules and
              regulations established by Landlord from time to time.

         (f)  lawn and landscaping, snow removal, maintenance of the structure,
              roof, mechanical and electrical equipment and architectural finish
              of the Building.

Notwithstanding the foregoing, Landlord shall not be required to provide or
maintain to the Leased Premises any specialized utility services. Tenant shall
be solely responsible for obtaining any such specialized utility services but
may do so only with the prior written consent of Landlord, and Tenant shall be
responsible for all damages resulting from any interruption of normal utility
services caused by Tenant's specialized services. Landlord reserves the right to
close the Building at 6:00 p.m. Monday through Friday, 1:00 p.m. on Saturday,
and all day on Sunday and holidays, as Landlord deems necessary.

ss.16. SUBORDINATION OF LEASE

This lease and Tenant's rights under this lease are and shall at that time be
subject and subordinate to all mortgages now encumbering or that may hereafter
encumber the Building and/or the Real Property and to all advances made or to be
made thereon and all renewals, modifications, consolidations, replacements or
extensions thereof to the full extent of all sums secured thereby. This
provision shall be automatic and self-operative and no further instrument of
subordination shall be necessary to effectuate such subordination and the
recording of any such mortgage shall have preference and precedence and be
superior and prior to this lease, irrespective of the date of recording.
However, Tenant shall upon request of Landlord, or the holder of any such
mortgage, execute and deliver to Landlord within 10 days after Landlord's
request any instrument that would effect such a subordination and would contain
such other requirements reasonably required by Landlord or such holder; provided
that Tenant complies with all

                                       -11-

<PAGE>

of its obligations under this lease treating such mortgagee as Landlord. That
instrument would contain language which provides that upon Tenant's compliance
thereof, such holder would not disturb Tenant's interest under this lease.

ss.17. ESTOPPEL CERTIFICATES

Landlord and Tenant shall from time to time during the Term promptly following
the request of the other, execute and deliver to the other a statement
certifying that this lease is in full force and effect, the date through which
Base Rent, Additional Rent, and other charges under this lease have been paid,
and any other factual matter reasonably requested by the other.

ss.18. INDEMNIFICATION

Tenant shall indemnify and save harmless Landlord from and against any and all
claims, liabilities, losses, damages, injuries, costs, and expenses that
hereafter may occur or arise from or out of: (a) any failure by Tenant to make
any payment (including the payment of Rent) to be made by Tenant hereunder or
fully to perform or observe any obligation or condition to be performed or
observed by Tenant hereunder, (b) any cause whatsoever in, on, about, or
relating to the Leased Premises during the Term, however or by whomever caused,
including without limitation any use, misuse, possession, occupancy, or
unoccupancy of the Leased Premises by anyone during the Term, or any failure by
Tenant to perform and observe all obligations and conditions to be performed and
observed by it under this lease, and (c) any costs or expenses incurred or paid
by Landlord in connection with the foregoing, including reasonable attorneys'
fees and other costs and expenses in prosecuting or defending any of the
foregoing whether litigated or unlitigated.

Landlord shall not be liable to Tenant for any losses, damages, injuries, costs,
or expenses whatsoever relating to the Leased Premises, including without
limitation any interruption or cessation of the business of Tenant or any
subtenant or loss incurred as a consequence of damage to or destruction of the
Leased Premises.

Tenant shall defend all lawsuits (including without limitation arbitrations and
administrative proceedings) with respect to claims for losses, costs, expenses,
or damages, and shall pay all judgments and settlements relating thereto.

ss.19. LIMITATION OF LIABILITY

Notwithstanding any provision in this lease to the contrary or any general rule
of law, in no event whatsoever shall Landlord or any member, partner, director,
officer, employee, agent, or other principal have any personal liability
whatsoever with respect to this lease. Any liability of Landlord under this
lease shall be enforced solely against Landlord's equity interest in the Real
Property and no other assets of Landlord shall be subject to this lease.

                                       -12-

<PAGE>
ss.20. MUTUAL WAIVER OF SUBROGATION

All waivers of any claims and/or releases described within this lease shall not
be limited to the liability of Landlord and Tenant to each other; rather, such
waivers shall also apply to the liability of any person claiming by, through, or
under either Landlord or Tenant pursuant to a right of subrogation.

ss.21. PERSONAL PROPERTY

All personal property of Tenant used or located within the Leased Premises or in
the Building shall be at the sole risk of Tenant. Landlord shall not be liable
for any accident or damages to property of Tenant resulting from the use or
operation of elevators or of the heating, cooling, electrical, mechanical,
hydraulic, plumbing or other Building systems or components. Landlord shall not
be liable for damages to property resulting from water, steam, or other causes.

Tenant shall pay, prior to delinquency, all taxes assessed against or levied
upon its occupancy of the Leased Premises or upon the fixtures, furnishings,
equipment and other personal property of Tenant used or located within the
Leased Premises.

ss.22. LIABILITY RELATING TO TENANT'S OPERATIONS

Landlord assumes no liability or responsibility whatsoever with respect to the
conduct and operation of the business to be conducted in the Leased Premises.
Landlord shall not be liable for any accident or injury to any person(s) or
property in or about the Leased Premises which are caused by the conduct and
operation of that business or by virtue of equipment or property of Tenant in
the Leased Premises. Tenant agrees to defend, indemnify and hold Landlord and
Landlord's mortgagees harmless from and against all such claims (including
reasonable attorneys' fees). The foregoing does not exculpate Landlord from its
gross negligence or willful misconduct.

ss.23. EVENTS OF DEFAULT/REMEDIES UPON DEFAULT

Each of the following shall be deemed an event of default under this lease:

         (a)  failure by Tenant to make any payment of Rent to Landlord on or
              before the date it is due;

         (b)  failure by Tenant to make any other payment or perform or observe
              any other obligation or condition to be performed or observed by
              Tenant under this lease and failure by Tenant to correct such
              default within 30 days after Landlord gives Tenant notice to do so
              or, if because of the nature of such default it cannot be
              corrected within such 30-day period, failure by Tenant to commence
              correction within such 30-day period and thereafter to
              expeditiously and continuously prosecute the correction to
              completion;

                                       -13-

<PAGE>
         (c)  abandonment or vacation of the Leased Premises by Tenant;

         (d)  assignment or sublease of any interest or rights of Tenant under
              this lease, except as permitted under ss.29; or

         (e)  the filing or execution or occurrence of any one or more of the
              following:

                       (i)    petition in bankruptcy by or against Tenant;

                       (ii)   petition or answer against Tenant seeking a
                              reorganization, arrangement, composition,
                              readjustment, liquidation, dissolution, or relief
                              relating thereto, under any provision of the
                              Bankruptcy Act or any statute of like tenor or
                              effect;

                       (iii)  adjudication of Tenant as a bankrupt or insolvent;

                       (iv)   assignment for benefit of creditors of Tenant,
                              whether by trust,  mortgage,  or otherwise,  or
                              the execution of a composition agreement with
                              Tenant's creditors;

                       (v)    petition or other proceeding by or against Tenant
                              for the appointment of a trustee, receiver,
                              guardian, conservator, or liquidator of Tenant,
                              with respect to all or substantially all of
                              Tenant's property;

                       (vi)   petition or other proceeding by or against
                              Tenant resulting in the dissolution or termination
                              of existence of Tenant; or

                       (vii)  the creation of a lien upon Tenant's leasehold
                              interest under this lease, or any part thereof or
                              any property of Tenant materially affecting or
                              used in connection with Tenant's business located
                              therein upon execution, attachment, or other
                              process of law or equity.

Immediately upon the occurrence of any event of default or at any time
thereafter, unless that event of default has been cured with the written consent
of Landlord or expressly waived by Landlord in writing, Landlord may at its
option elect either to: (a) continue this lease in full force and effect
notwithstanding the occurrence of such event of default; (b) terminate this
lease; or (c) continue this lease and immediately re-enter and repossess (with
or without a court order) the Leased Premises and recover from Tenant an amount
equal to: (i) all unpaid Rent accruing hereunder prior to Landlord's actual
recovery of possession of the Leased Premises, (ii) all other unpaid amounts
which were to have been paid by Tenant to anyone hereunder prior to Landlord's
actual recovery of possession of the Leased Premises, (iii) Landlord's costs of
completing any improvements to the Leased Premises which were uncompleted at the
time of Tenant's

                                       -14-

<PAGE>

default, (iv) Landlord's damages for Tenant's breach of this lease (including
without limitation, damages to Landlord resulting from lost rent during the
remainder of what would otherwise have been the Term, clean-up expenses, leasing
commissions to real estate brokers, legal expenses in connection with re-leasing
the Leased Premises, advertising and costs and expenses of any repair,
redecoration, or other improvements that may be reasonably necessary (in
Landlord's opinion) in connection with re-leasing the Leased Premises), (v) late
charges, if any, due and unpaid under the following paragraph, and (vi) interest
on the foregoing amounts from the date of Landlord's election to terminate this
lease until the date of payment at a rate equal to four percent over the Prime
Rate of Interest published in The Wall Street Journal from the date such payment
was due. In connection with (iv), above, Landlord shall use reasonable efforts
to mitigate its damages relating to lost rent during the remainder of what would
otherwise have been the Term of this lease. Until such time as Landlord
expressly elects to terminate this lease as permitted under this section, this
lease shall continue in full force and effect notwithstanding the occurrence of
such event of default. In the event Landlord elects to so terminate this lease,
Tenant thereupon shall be deemed to have assigned and transferred to Landlord
all unexpired insurance premiums, all deposits made with public utilities, and
all rights of Tenant under all insurance policies.

If Tenant fails to pay any Rent on or before the fifth day after any such
payment becomes due and payable, Tenant shall pay to Landlord a late charge of
five percent of the amount of such overdue payment. In addition, any Rent not
paid when due shall bear interest at the lesser of 18%, per annum, or the
maximum rate allowed by law until paid. Acceptance of the foregoing sums shall
not constitute a waiver of any event of default. Upon Landlord's receipt of any
check from Tenant which is dishonored for payment, Landlord shall have the right
to require Tenant to make all future payments due to Landlord hereunder by cash,
certified or cashier's check.

The provisions of this section shall be cumulative in nature and nothing
contained in this section shall in any manner impair or otherwise affect
adversely any right, recourse, or remedy which otherwise would be available to
Landlord at law or in equity.

ss.24. RIGHT TO CURE DEFAULTS

If Tenant fails to perform and observe all obligations and conditions to be
performed and observed by it under this lease, then Landlord may, but shall not
be obligated to, cause the performance and observance of such obligations or
conditions, and all costs and expenses incurred by Landlord in connection
therewith, including without limitation reasonable attorneys' fees, shall
thereupon be due and payable immediately from Tenant to Landlord, with interest
thereon from the time such costs and expenses were paid by Landlord until
Landlord is reimbursed in full by Tenant at a rate equal to the interest rate
described in ss.25, above, which shall be deemed Additional Rent to be paid by
Tenant to Landlord.

                                       -15-

<PAGE>
ss.25. CUMULATIVE RIGHTS AND REMEDIES

Each right or remedy of Landlord under this lease or now or hereafter available
to Landlord by statute, at law, in equity, or otherwise shall be cumulative and
concurrent and shall be in addition to every other such right or remedy, and
neither the existence, availability, nor exercise of any one or more of such
rights or remedies shall preclude or otherwise affect the simultaneous or later
exercise by Landlord of any or all such other rights or remedies.

ss.26. HOLDING OVER

If Tenant retains possession of the Leased Premises or any part thereof after
the expiration of the term of this lease, Tenant shall pay to Landlord Rent in
an amount equal to 150% of the monthly rate in effect immediately prior to the
termination of the Term for the time Tenant remains in possession. Tenant shall
also pay Tenant's Pro Rata Share of Additional Rent as required under ss.4,
above. In addition thereto, Tenant shall be liable to Landlord for all damages,
incidental, consequential, indirect, and direct sustained by reason of Tenant's
holding over. The provisions of this section do not exclude Landlord's rights of
re-entry or any other right provided under this lease or available at law or in
equity. No such holding over shall be deemed to constitute a renewal or
extension of the term hereof; however, all other provisions of this lease,
including the payment of Additional Rent, shall remain in full force and effect.

ss.27. ASSIGNMENT AND SUBLETTING

Tenant shall not sublet the Leased Premises or any part thereof or transfer
possession or occupancy thereof to any person, firm or entity or transfer or
assign all or any part of this lease, nor shall any assignment or subletting
hereof be affected by operation of law or otherwise without Landlord's prior
consent, which consent shall not be unreasonably withheld. A sale or other
conveyance of all or substantially all of the assets of Tenant or of a
sufficient amount of the ownership in Tenant to constitute a change in control,
shall constitute an assignment for purposes of this section. If Tenant desires
to sublet the Leased Premises or if Tenant desires to transfer or assign any of
its rights under this lease, Tenant shall give to the Landlord 30 days written
notice of Tenant's intention to do so. In no event whatsoever, and without
limiting Landlord's right to reasonably reject any proposed sublease or
assignment, shall this lease be assigned in part or the Leased Premises
subleased in part, without Landlord's prior written consent.

If this lease is assigned or if the Leased Premises or any part thereof are
sublet or occupied by anybody other than Tenant as permitted above, Landlord
may, after default by Tenant, collect rent from the assignee, subtenant or
occupant, and apply the net amount so collected to the Rent due from Tenant
under this lease, but no such assignment, subletting, occupancy or collection
shall be deemed a waiver of any of Tenant's covenants contained in this lease or
the acceptance of such assignee, subtenant or occupant as Tenant, or a release
of Tenant from further performance by Tenant of its covenants under this lease.
Tenant shall remain fully liable for all of its obligations under this lease
unless otherwise agreed to in writing to the contrary by Landlord. Further any
such assignee, subtenant, or occupant shall unconditionally pay to

                                       -16-

<PAGE>
Landlord all such rent in the event Landlord delivers notice to such assignee,
subtenant, or occupant demanding the payment of rent to be made to Landlord.
Such assignee, subtenant, or occupant may unconditionally rely upon any such
notice it receives from Landlord and need not inquire or obtain Tenant's consent
thereto.

Tenant shall pay or reimburse Landlord for all reasonable costs and expenses
(including attorney's fees and costs) incurred by Landlord in order to complete
any such assignment or subletting as permitted under this section. Those costs
and expenses shall be deemed to be Additional Rent under this lease.

If the Leased Premises are sublet or assigned at a rental rate higher than the
Rent required to be paid by Tenant, 50% of the difference between the rental
rate due from such subtenant or assignee and the Rent due under this lease shall
be paid by Tenant to Landlord after deduction therefrom of any leasing
commissions and any alteration expenses actually incurred and paid for by Tenant
in connection with such subletting or assignment.

Landlord shall have the right to assign or otherwise transfer any or all of its
rights under this lease without Tenant's approval.

ss.28. ACCESS AND OTHER RIGHTS OF LANDLORD

Tenant shall permit Landlord, its agents or employees, or any mortgagee of
Landlord, to enter the Leased Premises at all reasonable times to examine,
inspect or protect the Leased Premises; to make such alterations and repairs to
the Leased Premises as Landlord deems necessary; to exhibit the Leased Premises
to prospective tenants during the last six months of the Term or following the
commencement of any action to evict Tenant; and to exhibit the Leased Premises
to prospective mortgagees, purchasers, brokers, and any other interested parties
at any time during the Term.

In addition to the foregoing, Tenant acknowledges that Landlord shall have the
right at any time in the event of an emergency to make all inspections, repairs,
alterations, additions, and improvements to the Building, including without
limitation the Leased Premises, as may be necessary or desirable for the safety,
protection, or preservation of the Leased Premises or the Building or Landlord's
interest therein or as may be necessary or desirable for the operation or
improvement of the Building.

In connection with this section, Tenant acknowledges that Landlord shall have
the right to maintain a key (along with any key card or access codes) necessary
to access the Leased Premises and that Tenant shall not change the locks or
other security access cards or codes to the Leased Premises without providing
Landlord with new keys and/or other access cards or codes necessary to enable
Landlord such access.

                                       -17-

<PAGE>
ss.29. FINANCIAL STATEMENTS; REPORTING REQUIREMENTS

Prior to the execution of this lease and not later than 10 days after written
request from Landlord, Tenant shall deliver to Landlord, or any prospective
mortgagee or purchaser of the Real Property, financial statements of Tenant
certified by Tenant's accountant or financial officer for Tenant for the most
recently completed fiscal calendar year and fiscal calendar quarter. In the
event Tenant requests certain confidential arrangements relating to the delivery
of such statements to certain persons, Landlord shall use its best efforts to
accommodate Tenant with such request by Tenant.

As a result of the fact that the Real Property is located in a community
reinvestment area, enterprise zone, or another designation of a certain property
area which is eligible for reduced or abated real estate taxes (as applicable, a
"Benefited Area"), Tenant acknowledges that Tenant may need to provide certain
confidential information about Tenant and its business operations and employees
(e.g. number of employees, payroll figures, etc.) during the Term. Accordingly,
upon the request of Landlord or the municipality or governmental entity
requesting such information (each, a "Requesting Party"), Tenant shall promptly
provide all information so requested by a Requesting Party from time to time
during the Term. Tenant acknowledges that the fact that the Real Property is
located in a Benefited Area is a direct benefit to Tenant and for all of the
other tenants in the Building and Tenant's failure to promptly provide such
information to a Requesting Party may jeopardize the benefits conferred upon the
Real Property by being located in a Benefited Area. In addition to the
foregoing, Tenant acknowledges that Landlord does not warrant that the Real
Property is or may be located within a Benefited Area.

ss.30. HAZARDOUS MATERIALS

         (a)  For purposes of this lease: (i) "CERCLA" means The Comprehensive
              Environmental Response, Compensation and Liability Act of 1980, as
              amended; (ii) "Hazardous Material" or "Hazardous Materials" means
              and includes petroleum (including, without limitation, gasoline,
              crude oil, fuel oil, diesel oil, lubricating oil, sludge, oil
              refuse, oil mixed with wastes and any other petroleum related
              product), flammable explosives, radioactive materials, any
              substance defined or designated as a "hazardous substance," under
              Sections 101(14) and 102 of CERCLA or any other materials defined
              or designated as hazardous under any federal, state, or local
              statute, law, ordinance, code, rule, regulation, order or decree;
              (iii) "Release" shall have the meaning given such term, or any
              similar term, in Section 101(22) of CERCLA; and (iv)
              "Environmental Law" or "Environmental Laws" shall mean any
              "Superfund" or "Super Lien" law, or any other federal, state or
              local statute, law, ordinance, code, rule, regulation, order or
              decree, regulating, relating to or imposing liability or standards
              of conduct concerning any Hazardous Materials as may now or at any
              time hereafter be in effect and as amended from time to time,
              including without limitation, the following (amended or replaced
              from time to time) and all regulations promulgated

                                       -18-

<PAGE>
              thereunder or in connection therewith; CERCLA; the Superfund
              Amendments and Reauthorization Act of 1986 ("SARA"); The Clean Air
              Act ("CAA"); The Clean Water Act ("CWA"); The Toxic Substances
              Control Act ("TSCA"); The Solid Waste Disposal Act ("SWDA"), as
              amended by the Resource Conservation and Recovery Act ("RCRA");
              and the Occupational Safety and Health Act of 1970 ("OSHA").

         (b)  Tenant hereby covenants and agrees that (i) no activity shall be
              undertaken on the Leased Premises, nor shall any activity be
              undertaken within the Building or on the Real Property by Tenant
              or its agents, employees, contractors, or invitees, which would in
              any event cause (A) the Leased Premises or the Building to become
              a hazardous waste treatment, storage or disposal facility
              regulated or subject to regulation under any Environmental Law,
              (B) a Release of any Hazardous Material into the environment at,
              on, in, under, above, through, or surrounding the Leased Premises
              or the Building, or (C) the discharge of pollutants or effluents
              into any water source or system, which would require a permit
              under any federal law, state law, local ordinance or any other
              Environmental Law pertaining to such matters; (ii) Tenant shall at
              its sole cost and expense comply with, and ensure compliance by
              its agents, employees, contractors, or invitees with, all
              applicable Environmental Laws relating to or affecting the Leased
              Premises, and Tenant shall keep the Leased Premises free and clear
              of any liens imposed pursuant to any applicable Environmental Laws
              arising out of Tenant's use of the Leased Premises, all at
              Tenant's sole cost and expense; (iii) Tenant will, at Tenant's
              sole cost and expense, obtain and/or maintain all licenses,
              permits and/or other governmental or regulatory actions necessary
              to comply with all applicable Environmental Laws (the "Permits")
              and Tenant at all times shall remain in full compliance with the
              terms and provisions of the Permits; (iv) Tenant shall immediately
              give Landlord oral and written notice in the event that Tenant
              receives any communication from any governmental agency, entity,
              or any other party with regard to Hazardous Materials on, from or
              affecting the Leased Premises or the Building or on the Real
              Property or otherwise with respect to Tenant's use and occupancy
              of the Leased Premises or the operation of Tenant's business
              therein; and (v) Tenant shall, at Tenant's sole cost and expense,
              conduct and complete all investigations, studies, sampling, and
              testing, and all remedial, removal, and other actions necessary to
              clean up and remove all Hazardous Materials on, from or affecting
              the Leased Premises or on the Real Property, or, where resulting
              from acts or omissions of Tenant or its agents, employees,
              contractors and invitees in accordance with all applicable
              Environmental Laws.

         (c)  Tenant hereby indemnifies Landlord and agrees to hold Landlord
              harmless from and against any and all liens, demands, suits,
              actions, proceedings, disbursements, liabilities, losses,
              litigation, damages, judgments, obligations, penalties, injuries,
              costs, expenses (including, without limitation, attorneys' and
              experts' fees) and claims of any and every kind whatsoever paid,

                                       -19-

<PAGE>

              incurred, suffered by, or asserted against Landlord and/or the
              Leased Premises, the Building for, with respect to, or as a direct
              or indirect result of: (i) the Release or presence from, in, on,
              over or under the Leased Premises of any Hazardous Materials
              regardless of quantity where caused by Tenant or its agents,
              employees or contractors; (ii) the Release or presence from, in,
              on, over or under the Building or on the Real Property of any
              Hazardous Materials regardless of quantity where caused by Tenant
              or its agents, employees or contractors; (iii) the violation of
              any Environmental Laws relating to or affecting the Leased
              Premises or Tenant, where caused by or within the control of
              Tenant or its agents, employees or contractors; and (iv) the
              failure by Tenant to comply fully with the terms and provisions of
              this section, provided that nothing contained in this section
              shall make Tenant liable or responsible for conditions existing
              prior to the commencement of the Term of this lease or first
              occurring after the expiration of the Term of this lease except
              where caused by Tenant or its agents, employees or contractors.

         (d)  The obligations and liabilities of Tenant under this section shall
              survive the expiration of the Term or earlier termination of this
              lease.

         (e)

ss.31. SIGNAGE

Landlord shall have the right to install and maintain a sign (or signs) on the
Real Property identifying the Building. Tenant shall have the right to maintain
a listing on the directory of the Building and a sign on or beside the door
which enters into the Leased Premises; provided that such sign is in compliance
with standard signage criteria for the Building and is in compliance with all
applicable laws and ordinances. Tenant shall not have the right to maintain any
other signs on the Real Property or on or within the Building without the prior
written consent of Landlord (in Landlord's sole discretion).

ss.32. NOTICES

All notices and other communications required or desired to be given to either
party under this lease shall be in writing and shall be deemed given when
delivered personally, telecopied (which is confirmed electronically) to that
party at the telecopy number for that party set forth below, three days after
having been mailed by certified mail (return receipt requested) to that party at
the address for that party (or at such other address for such party as shall
have specified in a notice to the other party), or one day after having been
delivered to Federal Express, UPS, or any similar nationally-recognized express
delivery service for overnight delivery to that party at that address:

                                       -20-

<PAGE>
         If to Tenant:

         Dominion Homes, Inc.
         5501 Frantz Road
         P.O. Box 7166
         Dublin, Ohio  43017-0766

         Attention:  Terry George
         Telecopy No. (614) 761-6894

         If to Landlord:

         Precision Equities, Ltd.
         c/o The Daimler Group, Inc.
         1533 Lake Shore Drive
         Suite 50
         Columbus, Ohio  43204
         Attention:  Robert C. White/Paul G. Ghidotti
         Telecopy No. (614) 488-0603

ss.33. SURVIVAL OF OBLIGATIONS

No termination of this lease and no repossession of the Leased Premises or any
part thereof shall relieve Tenant of its liabilities and obligations hereunder,
all of which shall survive such termination or repossession.

ss.34. MEMORANDUM OF LEASE

This lease shall not be recorded; however, at the request of either Landlord or
Tenant, the other party shall execute, acknowledge, and deliver a memorandum of
this lease (which would exclude all economic terms of this lease) for purposes
of giving public notice of the rights and obligations of Landlord and Tenant
under this lease.

ss.35. Non-Waiver

No failure by Landlord to exercise any option hereunder or to enforce its rights
or seek its remedies upon any default, and no acceptance by Landlord of any rent
accruing before or after any default, shall effect or constitute a waiver of
Landlord's rights to exercise that option, enforce that right, or seek that
remedy with respect to that default or any prior or subsequent default.

                                       -21-

<PAGE>
ss.36. NO THIRD PARTY BENEFIT

This lease is intended for the benefit of Landlord and Tenant and, except as
otherwise provided in this lease, their respective successors and assigns, and
nothing contained in this lease shall be construed as creating any rights or
benefits in or to any third party.

ss.37. LITIGATION

If Landlord is made a party to any litigation commenced against Tenant or
commenced by Tenant against any party other than Landlord, then Tenant shall pay
all costs and expenses (including attorneys' fees) incurred by or imposed upon
Landlord in connection with such litigation.

ss.38. SEVERABILITY

The intention of the parties to this lease is to comply fully with all laws
governing leases, and this lease shall be construed consistently with all such
laws to the extent possible. If and to the extent that any court of competent
jurisdiction is unable to so construe part or all of any provision of this
lease, and holds that part or all of that provision to be invalid, such
invalidity shall not affect the balance of that provision or the remaining
provisions of this lease, which shall remain in full force and effect.

ss.39. GOVERNING LAW; VENUE

This lease has been negotiated and executed in the State of Ohio and relates to
real property located in the State of Ohio.

All questions concerning the validity or intention of this lease shall be
resolved under the laws of the State of Ohio. The parties to this lease hereby
designate the Court of Common Pleas of Franklin County, Ohio, as the court of
proper jurisdiction and exclusive venue for any actions or proceedings relating
to this lease; hereby irrevocably consent to such designation, jurisdiction and
venue; and hereby waive any objections or defenses relating to jurisdiction or
venue with respect to any action or proceeding initiated in the Court of Common
Pleas of Franklin County, Ohio.

ss.40. EXHIBITS

All exhibits attached to this lease are incorporated herein by reference.

ss.41. COMPLETE AGREEMENT

This document (with its exhibits, which are hereby incorporated herein by
reference) contains the entire lease between the parties and supersedes any
prior discussions, representations, warranties, or agreements between them
respecting the subject matter. No changes, alterations, modifications,
additions, or qualifications to this lease shall be made or be binding unless
made in writing and signed by each of the parties.

                                       -22-

<PAGE>
ss.42. COUNTERPARTS

This lease may be executed in several counterparts and each executed counterpart
shall be considered an original of this lease.

ss.43. GENDERS AND NUMBERS

When the context permits, each pronoun used in this lease includes pronouns of
the same person in other genders or numbers and each noun used in this lease
includes the same noun in different numbers.

ss.44. TIME OF THE ESSENCE

The time for payment of Rent and all other amounts to be paid by Tenant under
this lease and for performance and observance of all other obligations and
conditions to be performed or observed by Tenant under this lease shall be of
the essence of this agreement.

ss.45. CAPTIONS

The captions at the beginnings of the sections of this lease are not part of the
context of this agreement, but are merely labels to assist in locating those
sections, and shall be ignored in construing this lease.

ss.46. SUCCESSORS IN INTEREST

Except as otherwise provided in this lease. All provisions of this agreement
shall be binding upon, inure to the benefit of, and be enforceable by and
against the respective heirs, personal representatives, successors, and assigns
of each party to this lease.

         [Acknowledgements and Signatures appear on the following page]

                                       -23-

<PAGE>

                                                     PRECISION EQUITIES, LTD.

                                                     By /s/ Robert C. White
                                                       --------------------
                                                            Robert C. White
                                                            President

                                                     DOMINION HOMES, INC.

                                                     By /s/ Terry George
                                                       -----------------
                                                     Its Senior Vice President
                                                         ---------------------
STATE OF OHIO
FRANKLIN COUNTY

This document was acknowledged before me on August 21 , 2002, by Robert C.
White, the president of Precision Equities, Ltd., an Ohio limited liability
company, on behalf of the Company.

                                                       /s/ Andrea B. Van Vleram
                                                       ------------------------
                                                                  Notary Public

STATE OF OHIO
FRANKLIN COUNTY

This document was acknowledged before me on August 21 , 2002, by Terry George,
the Senior Vice President of Dominion Homes, Inc., on behalf of Tenant.

                                                         /s/ Patty S. Crocker
                                                         -------------------
                                                         Notary Public

This lease was prepared by: The Daimler Group, Inc., 1533 Lake Shore Drive,
Suite 50, Columbus, Ohio 43204.

                                       -24-

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