Document:

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                                                                    Exhibit 10.2

                     LEASE AGREEMENT BETWEEN MONUMENT ROAD
                     ASSOCIATES AND ATX TELECOMMUNICATIONS

     This lease agreement is effective as of this eighteenth day of January,
1994 (nineteen hundred and ninety four), by and between MONUMENT ROAD
ASSOCIATES, LANDLORD, AND ATX TELECOMMUNICATIONS, TENANT, whereby the parties
agree that landlord will lease to the tenant 40,587 square feet of office space
in the building situated at 50 Monument Road, Bala Cynwyd, Lower Merion
Township, Montgomery County, Pennsylvania, under the terms and conditions herein
set forth.

     Lease Term:   This lease shall have an initial term of ten years beginning
on February 1, 1994 and terminating on January 30, 2004. Tenant shall have the
right to exercise one renewal option for a term of five (5) years. Tenant shall
give the lessor at least eight (8) months advance written notice before the
expiration of the existing lease or any renewal or extension thereof, if tenant
chooses not to exercise the renewal option provided for in this lease. If tenant
fails to provide landlord with such advance notice, then this lease shall
continue for an additional period of five years under the renewal terms herein
described. If not renewed, landlord may immediately begin showing and re-
renting this space.

     Leased Premises:   Tenant is to lease and occupy for its sole use the
entire second floor, consisting of 20,250 square feet; the existing cafeteria
space and adjacent rooms to rear exit door, comprising 3,231 square feet on the
first floor; and 17,106 square feet on the third floor comprising the entire
floor except the former Atlantic Financial Federal executive offices comprising
seven rooms and a rear hallway, on the Northeast corner of the building. The
total rentable area, including allocated common area space for the first floor
entrance foyer, is 40,587 square feet. Tenant hereby accepts possession of the
premises in their as is condition on the date hereof. Landlord makes no
representation or warranty concerning the quality or condition of the premises
or any of the fixtures, improvements, or equipment.

     Rental Rates:   The yearly rental for the 40,587 square feet of the space
above is:

         During the first year period, commencing on February 1, 1994, until
     January 30, 1995, the rent shall be $18.25 per square foot, which is
     $740,712.75 (40,587 x $18.25) per year. However, the rent on the first and
     third floors shall not begin until March 1, 1994.

         The rental for the following nine years from February 1, 1995 to
     January 30, 2004, shall increase on February first of each year, beginning
     February 1, 1995, by the percentage increase in the Philadelphia area
     Consumer Price Index or its successor or replacement for the twelve month
     period ending the prior November 30. The minimum yearly increase shall be
     3% and the maximum increase shall be 5%. So if the prior year's inflation
     is 3% (as measured by the Philadelphia CPI Index), and the base rent is
     $18.25, then the rent for the year February 1, 1995 to January 31, 1996,
     shall be $18.80 per square foot.
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     Option Rentals for the Leased Space:   The rent during the first year of
the option period shall be the higher of:

         1. The rent herein set forth using the CPI increase from the rent paid
     in year ten;

         2. The cumulative CPI increase from November, 1993 to November, 2003,
     and multiplied on the $18.25 base rent, and added thereto.

     The yearly rental during each subsequent year of the option period shall
increase over the prior year's rent by an amount equal to the percentage
increase in the CPI for the prior twelve month period ending two months before
the then current lease year inception date. This percentage increase shall be no
less than (3%) three percent in each year and not more than (6%) six percent
during the five year option (lease years 11 through 15), provided that the rent
increase shall also increase by the pro rata, allocated per square foot, amount
of any building operating cost increase above 25% of gross rents.

     Alterations and Improvements:   Tenant is responsible for all alterations
or improvements which tenant wishes to make to the leased premises. However,
prior to making any changes or alterations or performing any work on the leased
premises, tenant will submit to landlord the full information, plans, and/or
specifications of all work which tenant would like to perform. All work is
subject to the advance written approval of landlord, although landlord's
approval of non-structural work shall not be unreasonably withheld. Landlord is
particularly concerned that the existing improvements and appearance be
maintained and that any alterations be in keeping with the quality which
currently exists.

     Tenant will provide landlord with proper certificates of insurance and will
hold landlord completely harmless for all work, injuries to workmen, full
payment to all contractors and workmen, and for any other manner of liability
for which landlord could or does become liable by reason of any work performed
on or about tenant's premises. At the end of the lease term, tenant will return
premises to landlord in the same condition as it is at inception of the lease
(in addition to alterations approved by landlord), reasonable wear with good
maintenance and care, expected.

     Use of Premises:   Tenant is leasing the within premises for use as
headquarters office space and the uses commonly associated therewith. Tenant
shall not use these premises for any other purpose without the advance written
consent of landlord, which consent landlord shall not be obligated to give.
Tenant shall use the premises during normal business. Tenant shall at all times
maintain premises in a clean and safe manner and in compliance with all
governmental and safety codes, ordinances and common practices and comply at all
times with the rules and regulations of landlord for the care, maintenance, use,
decoration, and regulation of the premises. Tenant will be liable to landlord
for any damage or destruction to premises, whether from fire, accident, or any
other cause and, not caused by landlord's negligence. Tenant will make sure that
no damage, abuse, misuse, nuisance, or other inappropriate acts are committed on
the premises and will immediately repair and restore the premises if any such
acts occurs. In the event of failure of tenant to perform such repairs in a
speedy and workmanlike

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manner, within ten days of notice from the landlord, tenant may then be charged
for the full cost of such work and arrange for such work to be done. Failure to
perform such repairs, and/or to fully reimburse landlord for the cost of such
repairs, restoration work, or other related costs incurred by landlord, within
ten days of notice by landlord, shall be considered a default under this lease
and landlord shall have all remedies provided for in a default.

     Subletting:   Tenant shall not sublet, underlet, give and divide, or
re-lease these premises or any signage thereof to any other party or for any
other purpose than stated herein without the advance written consent and within
the sole discretion of landlord. The financial strength and history of
maintaining their office spaces shall be critical factors in any sublet
evaluation by landlord. It is anticipated that in any re-rental, ATX will assign
the entirety of its lease to another upscale office space user which will
operate this facility in the manner herein described such as through a merger or
sale of ATX. If tenant wishes to sublet its leased space, other than as in
preceding sentence, landlord shall have the option, but not obligation, to
terminate this lease for the space being offered for subletting.

     Inspection and Access to Premises:   Landlord shall at all reasonable times
have access to leased premises when accompanied by an officer or other available
employee (as designated by officer) of tenant for purpose of performing
maintenance or repairs, inspections, showing premises to inspectors, appraisers,
etc., and for showing premises to prospective tenants if tenant is in default of
the lease or does not exercise a renewal option.

     Condemnation or Taking by a Public Authority:   If all or any part of the
within leased premises are condemned for any public purpose, landlord shall not
be responsible for any damages or losses suffered by tenant as a result of any
condemnation for public purposes. If all of the premises shall be condemned for
public purposes then the lease will terminate as of the date of condemnation. If
only part of the premises is condemned and the remainder of the premises is
reasonably useable for tenant's purpose, then the lease will not be terminated,
but the rent and other charges payable thereunder shall equitably abate.

     Casualty or Fire:   Landlord shall not be liable in any way to tenant for
any losses or damages suffered through any casualty or fire or damage to the
leased premises. In the event of a partial or total destruction of said
premises, the rent herein stated shall be abated as the portion of the premises
and for the period of time which those premises cannot be used by the tenant for
the purposes herein stated. If landlord is not able to or does not rebuild,
repair, or restore the damaged premises to condition that existed before such
damage or destruction within a period of nine months from the date of its
occurrence, then both tenant and landlord shall each have the option to
terminate this lease as of the end of such nine month period or as of the date
landlord notifies tenant that such timely restoration will not take place.

     Insurance and Indemnity:   Tenant shall at all times maintain landlord as
an additional insured at no extra cost to landlord, on all liability and
umbrella insurance policies which it maintains for the benefit of these premises
and furnish landlord with
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certificate(s) of insurance showing such coverage. Tenant shall maintain no less
than $20,000,000 of such public liability policies at all times for the leased
premises and for any and all work performed thereon, with landlord as an
additional insured at all times on all such policies. Tenant shall be fully
liable for all injuries suffered on premises by its employees, customers,
visitors, or others.

     Building Operating Costs:   Utilities Tenant to pay all utilities expenses
for all its leased space including all electric, heat, air conditioning,
telephone, gas, water and sewer, and any other utilities used on or about the
leased premises.

     Cleaning Landlord will be responsible for cleaning the office and common
areas.

     Other Building Expenses:   Landlord shall be responsible for all other
building operating expenses, including but not limited to real estate taxes,
property insurance, elevators, mechanical equipment, management, etc., except
for the utility expenses as above set forth.

     Method of Rental Payment:   Tenant shall pay the yearly rental in twelve
equal advance monthly installments during the term of this lease and all
extensions thereof. The rent for May 1994 shall be due no later than May 1, 1994
and each successive monthly payment shall also be due the first day of each
calendar month. Tenant shall pay a late fee of five (5) percent on all rents not
received by landlord by the fifth day of each month, after written notice of
non-payment is received by tenant and a late fee of ten (10) percent on all
rents not received by the tenth day of the month, after written notice of
non-payment is received by tenant. All rents to be sent to the office of
University City Housing Company, 1062 Lancaster Avenue, Rosemont, PA 19010,
Suite 617. All checks to be made out to Monument Road Associates.

     Default and Eviction:   Tenant shall be in default under this lease if:

         (a) Tenant fails to pay any sum due under this lease for a period or
     more than ten (10) days, after written notice of non-payment is received by
     tenant; or

         (b) Tenant fails to perform in any other term of this lease and such
     failure continues for more then thirty (30) days after written notice is
     received by tenant, and the failure by tenant to observe or perform any of
     the covenants, conditions, or provisions of this lease to be observed or
     performed by the tenant, where such failure shall continue for a period of
     thirty (30) days after written notice thereof by landlord to tenant;
     provided, however, that if the nature of the tenant's default or failure to
     pay or perform is such that more than thirty (30) days are reasonably
     required for its cure, then tenant shall not be deemed to be in default if
     tenant commences such cure within thirty (30) days period and thereafter
     diligently prosecutes such cure to completion; or

         (c) Tenant files a petition for bankruptcy or has such a petition filed
     against it and such petition is not dismissed or terminated within sixty
     (60) days.

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     In the event of any such default, landlord may at its option either:

         1. Repossess premises and/or file an eviction action upon serving five
     (5) days notice to tenant with or without terminating the lease and relet
     the premises and apply the rent to amounts owed by tenant; or

         2. Terminate the lease, upon serving tenant five days notice, repossess
     the premises, and recover from tenant all sums required to be paid up to
     the time of repossession, together with the value of all other rent
     required to be paid under the terms of the lease in excess of the
     reasonable rental value of the premises.

     Signage:   Tenant will be permitted to place their name, ATX, on the
exterior of the building and may also place their name on the building interior,
as agreed to by the landlord in a reasonable manner.

GENERAL PROVISIONS:

         (a) Notices.   All notices and demands which may or are to be required
     or permitted to be given by either party to the other hereunder shall be in
     writing. All notices and demands by the landlord to the tenant shall be
     sent by United States mail, postage paid, addressed to the tenant at the
     premises, or to such other places as tenant may be from time to time
     designated in a notice to the landlord. All notices and demands by the
     tenant to the landlord shall be sent by United States mail, prepaid
     postage, addressed to the landlord at the office of the building, or to
     such other person or place as the landlord may from time to time designate
     in a notice to the tenant.

         (b) Recordation.   Neither landlord nor tenant shall record this lease
     or a short form memorandum hereof without the prior written consent of the
     other party, which shall not be withheld unreasonably.

         (c) Quiet Possession.   Upon tenant paying the rent reserved hereunder
     after observing and performing all of the covenants, conditions, and
     provisions on tenant's part to be observed and performed hereunder, tenant
     shall have quiet possession of the premises for the entire term hereof,
     subject to all of the provisions of the lease.

         (d) Prior Agreements.   This lease contains all of the agreements of
     the parties hereto with respect to any matter covered or mentioned in this
     lease, and no prior agreements or understanding pertaining to any such
     matters shall be effective for any purpose. No provisions of this lease may
     be amended or added to except by an agreement in writing signed by the
     parties hereto or their respective successors in interest. This lease shall
     not be effective or binding on any party until fully executed by both
     parties hereto.

         (e) Subordination, Attornment.   Upon the request of the landlord,
     tenant will in writing subordinate its right hereunder to the lien of any
     first mortgage or first deed of trust to any bank, insurance company, or
     other lending institution, now or hereafter in force against the land and
     building of which the premises are a part,

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     and upon any building hereafter placed upon the land of which the premises
     are a part and to all advances made or hereafter to be made upon the
     security thereof.

         In the event any proceedings are bought for the foreclosure or in the
     event of the exercise of the power of sale under any mortgage or deed of
     trust made by the landlord covering the premises, tenant shall attorn to
     the purchaser upon any such foreclosure or sale and recognize such
     purchaser as the landlord under this lease provisions of this article to
     the contrary notwithstanding, and so long as the tenant is not in default
     hereunder, this lease shall remain in full force and effect for the full
     term thereof.

         (f) Security Deposit.   Assuming that tenant alterations to the
     premises will not exceed $40,000, tenant is to give landlord a security
     deposit of $100,000.00 (one hundred thousand dollars). This money is
     repayable in full to tenant at lease expiration, provided tenant has
     returned premises to landlord in substantially the same condition as at
     lease inception, reasonable wear and tear excepted. Tenant will be liable
     for any alterations to the premises from lease inception date, that require
     restoration to approximately prior condition for landlord to reasonably
     re-rent the premises.

     IN WITNESS WHEREOF, the parties hereto have executed these presents the day
and year first above written, and expressly intended to legally bound hereby.

<TABLE>
<S>                                        <C>
LANDLORD:

/s/ MICHAEL KARP                           /s/ WITNESS
------------------------------------       -----------------------------------------------------
Monument Road Associates                   Witness
Michael Karp, General Partner
TENANT:

/s/ MICHAEL KARP                           /s/ WITNESS
------------------------------------       -----------------------------------------------------
ATX Telecommunications                     Witness
Michael Karp, President
</TABLE>

                                        6<PAGE>   1
                                                                    Exhibit 10.3

                    ADDENDUM TO LEASE BETWEEN MONUMENT ROAD
                  ASSOCIATES AND ATX TELECOMMUNICATIONS DATED
                                JANUARY 18, 1994

     This addendum dated January 25, 1996, does hereby increase the space leased
to ATX as per the enclosed memo as follows:

     Effective February 1, 1996, ATX will add to its existing lease 1,300 square
feet of office space on the third floor, plus 500 square feet on the first
floor, comprising the former mail and copy room by the rear door, for a total of
1,800 additional square feet of office space.

     It is hereby agreed between the parties that this additional space shall be
added to the current lease, on the same rent terms and conditions, such that the
lease for this additional space shall terminate January 30, 2004 and have the
same renewal option as provided in said lease.

     The new total leased space shall be 40,587 plus 1,800 or 42,387 square
feet, and the rental as of February 1, 1996 is ($18.25 x 1.03 = $18.80 x 1.03 =
$19.36) $19.36 per square foot, or $820,612.32

<TABLE>
<S>                                        <C>
/s/ WITNESS                                /s/ MICHAEL KARP
------------------------------------       -----------------------------------------------------
witnessed by                               Monument Road Associates by its GP

/s/ WITNESS                                /s/ MICHAEL KARP
------------------------------------       -----------------------------------------------------
witnessed by                               ATX Telecommunications by its GP and
                                           chief executive officer
</TABLE>

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                  ATX FLOOR SPACE CALCULATIONS FOR 50 MONUMENT

<TABLE>
<S>                                                           <C>
1ST FLOOR SPACE

Mail Room (24.5' x 17)......................................           416.5
Training Room (24.5' x 56)..................................         1,372.0
Cafeteria (24.5' x 45)......................................         1,102.5
                                                              ==============
TOTAL ATX SPACE 1ST FLOOR:..................................           2,891
2ND FLOOR ATX SPACE
Total 2nd Floor Space (100' x 200').........................          20,000
Less Total Brown Carpet Space (49' x 65')...................           3,185
Plus Brown Carpet Storage Space (12' x 15.5')...............             186
                                                              ==============
TOTAL ATX SPACE 2ND FLOOR:..................................          17,001
            -- TOTAL ATX SPACE FOR 50 MONUMENT:.............          37,422
                                                              ==============
3RD FLOOR ATX SPACE
Total 3rd Floor Space (100' x 200').........................          20,000
Less Training Room..........................................           348.5
Less Joyce K.'s Space.......................................             220
Less Remaining Green Carpet.................................           1,902
                                                              ==============
TOTAL ATX SPACE 3RD FLOOR:..................................          17,530
SUMMARY
TOTAL LEASE AGREEMENT AREA..................................  40,587 sq. ft.
ATX CALCULATED TOTAL AREA...................................  37,422 sq. ft.
DIFFERENCE..................................................   3,165 sq. ft.
COST/SQ. FT.................................................          $18.25
MONTHLY DIFFERENCE..........................................         $57,761
                                                              ==============
</TABLE>

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