Document:

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                               DATED JUNE 8, 2000
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                           DYADIC SYSTEMS LIMITED                     (1)

                                       AND

                            ADAYTUM SOFTWARE INC                     (2)

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                                    AGREEMENT

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                                      [LOGO]

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                                    CONTENTS
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CLAUSE                                           HEADING                                            PAGE
<S>      <C>                                                                                        <C>

2        Licence and Maintenance.......................................................................4

3        Support and Maintenance.......................................................................5

4        Waiver........................................................................................5

5        Common Stock Purchase  Warrant................................................................6

6        Warranties....................................................................................6

7        Miscellaneous.................................................................................6

Schedule 1.............................................................................................8

Schedule 2............................................................................................13

Schedule 3............................................................................................15

Schedule 4............................................................................................16

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THIS AGREEMENT is made on June 8, 2000

BETWEEN :

(1)      DYADIC SYSTEMS LIMITED whose registered office is situate at Riverside
         View, Ealing Road, Old Basing, Basingstoke, Hampshire, England RG24 7AL
         ("DYADIC"); and

(2)      ADAYTUM SOFTWARE INC whose registered office is situate at Suite 400,
         2051 Killebrew Drive, Minneapolis MN 55425 USA ("ADAYTUM")

IT IS AGREED AS FOLLOWS :

1        DEFINITIONS

1.1      In this Agreement:

         "COMMENCEMENT DATE" means the date of this Agreement

         "GROUP" shall mean, in relation to any company, that company and any
         other company which at the relevant time is its Holding Company or
         Subsidiary, or the Subsidiary of any such Holding Company; and "Member"
         of a Group has a corresponding meaning; and "Holding Company" and
         "Subsidiary" have the meanings given to those expressions by sections
         736 and 736A of the Companies Act 1985;and

         "RUN TIME SYSTEM", "DEVELOPMENT SYSTEM","DYALOG APL/W" and "SOFTWARE"
         shall have the respective meanings given to them in the Dyadic Software
         Licence and Limited Warranty and the Dyalog APL/W No-Charge Run Time
         System Licence Amendment to the Dyadic Software Licence Agreement,
         copies of which are attached in Schedule 1; and

         "ADAYTUM RUN TIME SYSTEM USER" means each user of the Run Time System
         supplied with the Run Time System by Adaytum or any Member of its
         Group.

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2        LICENCE AND MAINTENANCE

2.1      Dyadic confirms that Adaytum has, shall be deemed to have had and shall
         continue to have the benefit of up to and including fifteen licences of
         the Development System version of Dyadic's Dyalog APL/W programming
         language for itself and the Members of its Group, in each case subject
         to the terms set out in the Dyadic Software Licence and Limited
         Warranty as amended by the Dyalog APL/W No-Charge Run Time System
         Licence Amendment, copies of which appear at Schedule 1, and subject to
         clauses 2.2, 2.3, 2.4, and 2.5 below (the "Development System
         Licences").

2.2      For the avoidance of doubt the licence granted to Adaytum and the
         Members of its group in clause 2.1 shall continue for the duration of
         the intellectual property rights which are the subject thereof, subject
         only to termination of this Agreement in the event of a breach of this
         Agreement by Adaytum which (i) affects or reasonably could be expected
         to affect Dyadic's rights to the Software; and (ii) if capable of
         remedy is not remedied by Adaytum or any Member of its Group within 30
         days of Adaytum receiving written notification from Dyadic to do so.
         For any other breach of this Agreement by Adaytum which, if capable of
         remedy is not remedied by Adaytum or any Member of its Group within 30
         days of Adaytum receiving written notification from Dyadic to do so,
         Dyadic may receive money damages.

2.3      Adaytum or any Member of its Group shall be entitled to transfer,
         sub-licence or assign use of the Software and the benefit of any
         Development System Licences to any other Member of its Group.

2.4      Adaytum and any Member of its Group shall be entitled to make backup
         copies of the Software on Adaytum's network servers and escrow disks
         (the "Backups") and reinstall the Software from the Backups where such
         code is held centrally for all development sites. Adaytum and any
         Member of its Group shall also be entitled to hold the current version
         of the Software on its network server and to install the Software
         directly from its

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         server provided that at no time will more than 15 licensees of the
         Development System be able to access the Backups.

2.5      Notwithstanding any limitation of liability contained herein or in any
         schedule hereto, Dyadic hereby represents and warrants to Adaytum that
         (i) the Software substantially conforms to its documentation; (ii)
         Dyadic has sufficient rights in the Software in order to grant the
         licenses described herein and the schedules hereto to Adaytum and
         Members of Adaytum's Group.

3        SUPPORT AND MAINTENANCE

3.1      Subject to clause 3.2 below, Dyadic will provide support and
         maintenance services for Adaytum and each Member of its Group in
         accordance with the Dyadic Support Service and Dyadic's DSS+ support
         terms ("DSS+"), a copy of which is attached at Schedule 2, for a period
         of 24 months from the Commencement Date.

3.2      In addition to the maintenance and support offered by DSS+, Dyadic
         shall provide Adaytum with additional support and critical issue
         consultation access ("Additional Support and Access") in accordance
         with the support level detailed in Schedule 3, for a period of 24
         months from the Commencement Date.

3.3      In consideration of the provision of the support and maintenance
         services by Dyadic to Adaytum under this clause 3 Adaytum shall pay
         Dyadic US$5,000 per quarter, payable quarterly in advance (the "SERVICE
         FEES") against Dyadic's invoice. Adaytum shall make the first quarterly
         payment of the Service Fees on the Commencement Date.

4        WAIVER

4.1      Dyadic fully, finally and forever agrees to settle and waive any and
         all the claims, demands, and causes of action, known and unknown,
         suspected and unsuspected, which at the date of this Agreement do now
         exist, may exist, or have existed in the past as against Adaytum or any
         Member of its Group throughout the world relating to Adaytum's or any
         Member of its Group's

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         use, licensing or distribution of Dyadic software or the offering or
         provision of software maintenance or support in relation to Dyadic
         Software (the 'Claims'). Dyadic and Adaytum therefore intend that this
         and any other waivers given in this Agreement shall be and shall remain
         in effect as full and complete specific waivers in relation to the
         Claims notwithstanding the discovery or existence of any such
         additional or different facts or the termination for any reason or
         expiry of this Agreement.

5        COMMON STOCK PURCHASE  WARRANT

5.1      In consideration of the licence granted in clause 2 and the waiver
         detailed in clause 4 Adaytum shall execute and duly deliver to Dyadic
         on the Commencement Date a Common Stock Purchase Warrant in favour of
         Dyadic, the form of which is as attached at Schedule 4.

6        WARRANTIES

         Each of the parties warrants and represents that it has full power and
         authority to enter into this Agreement and perform its obligations
         under this Agreement.

7        MISCELLANEOUS

7.1      This Agreement constitutes the entire agreement between the parties
         with respect to its subject matter and supersedes all previous
         agreements and undertakings between the parties and this Agreement may
         not be modified except by a document in writing signed by a duly
         authorised representative of each of the parties.

7.2      If any provision of this Agreement shall be invalid, illegal or
         unenforceable, the validity, legality, and enforceability of the
         remaining provisions shall not be affected or impaired.

7.3      Dyadic agrees to execute such documents and do such acts as may
         reasonably be required by Adaytum in order to assure Adaytum and the
         Members of its Group of their rights under this Agreement.

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7.4      This agreement shall be governed by and construed in accordance with
         the Laws of England and Wales and the parties agree to submit to the
         exclusive jurisdiction of the English High Court in respect of any
         dispute arising out of or in connection with this Agreement.

7.5      For the purpose of section 1(2) of the Contracts (Rights of Third
         Parties) Act 1999 the parties state that they do not intend any term of
         this Agreement to be enforced by any third parties but any third party
         right which exists or is available independently of that Act is
         preserved.

IN WITNESS of which this Agreement has been signed on behalf of the parties
effective as of the date first written above.

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<S>                                                                 <C>
SIGNED for and on behalf of Dyadic Systems Limited by :             /S/  P. Donnelly, Director
Name     Peter Donnelly
In the presence of :                                                /S/  John Scholes, Director

SIGNED for and on behalf of Adaytum Software Incorporated by :      /S/  J. D. G. Haddleton
Name     John David Guy Haddleton
In the presence of :                                                /S/  Elizabeth Fortier

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                                   SCHEDULE 1

                  DYADIC SOFTWARE LICENCE AND LIMITED WARRANTY

THIS LEGAL DOCUMENT IS AN AGREEMENT BETWEEN YOU THE END USER AND DYADIC SYSTEMS
LIMITED.

BY OPENING THIS PACKAGE, YOU ARE AGREEING TO BECOME BOUND BY THE TERMS OF THIS
AGREEMENT, WHICH INCLUDES THE SOFTWARE LICENCE, LIMITED WARRANTY AND
ACKNOWLEDGEMENT.

IF YOU DO NOT AGREE TO THE TERMS OF THIS AGREEMENT, RETURN THE UNOPENED PACKAGE
TO THE PLACE WHERE YOU OBTAINED IT FOR A FULL REFUND,

In order to preserve and protect its rights under applicable law, DYADIC does
not sell any rights in DYADIC SOFTWARE. Rather DYADIC grants the right to use
DYADIC SOFTWARE by means of a SOFTWARE LICENCE. DYADIC specifically retains
title to all DYADIC computer software.

DYADIC SOFTWARE LICENCE

1. DEFINITIONS

a) 'DYADIC' means Dyadic Systems Limited, Riverside View, Basing Road, Old
Basing, Basingstoke, Hampshire RG24 7AL

b) 'SOFTWARE' means the development version of the computer program entitled
'Dyalog APL/W' which is supplied as the contents of the file DYALOG.EXE,
regardless of the form in which you subsequently use it.

c) 'COMPUTER' means the single computer on which you use the SOFTWARE.

2. GRANT OF LICENCE. In consideration of payment of the LICENCE fee which is a
part of the price you paid for this product, and your agreement to abide by the
terms and conditions of this Licence and the Limited Warranty, DYADIC, as
Licensor, grants you, the LICENSEE, the right to use this copy of the SOFTWARE
on a single COMPUTER.
DYADIC reserves all rights not expressly granted to LICENSEE.

3. COPY RESTRICTIONS. This SOFTWARE and the accompanying written materials are
the subject of copyright. Unauthorized copying of the SOFTWARE including
SOFTWARE which has been modified,

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merged, or included with other software, or of the written materials is
expressly forbidden. You may be held legally responsible for any copyright
infringement which is caused or encouraged by your failure to abide by the terms
of this Licence.

Subject to the restrictions above you may make two (2) copies of the SOFTWARE
solely for backup purposes. You must reproduce and include the copyright notice
on the backup copies.

4. USE RESTRICTIONS. As the LICENSEE, you may physically transfer the SOFTWARE
from one computer to another provided that the SOFTWARE is used on only one
computer of a time. You may not electronically transfer the SOFTWARE from one
computer to another over a network. You may not distribute copies of the
SOFTWARE or accompanying written materials to others. You may not modify, adopt,
translate, reverse engineer, decompile, disassemble or create derivative works
based on the SOFTWARE.

5. TRANSFER RESTRICTIONS,. This SOFTWARE is licensed only to you. You may not
transfer assign, rent, lease, sell of otherwise dispose of the SOFTWARE on a
temporary or permanent basis without the prior written consent of DYADIC.

6. TERMINATION. This License is effective until terminated. This Licence will
terminate automatically without notice from DYADIC if you fail to comply with
any provision of to Licence. Upon termination you shall destroy or return to
DYADIC the written materials and all copies of the SOFTWARE, including modified
copies, if any.

LIMITED WARRANTY AND DISCLAIMER OF WARRANTY

DYADIC WARRANTS THAT THE DISKETTES SHALL BE FREE FROM DEFECTS IN MATERIAL AND
THAT THE INFORMATION THEY CONTAIN SHALL BE READABLE BY A PROPERLY FUNCTIONING
COMPUTER. THIS WARRANTY IS VALID ONLY IF YOU SIGN AND RETURN THE REGISTRATION
CARD TO DYADIC WITHIN TEN (10) DAYS FROM THE DATE OF PURCHASE. THIS WARRANTY
SHALL EXTEND FOR A PERIOD OF THIRTY (30) DAYS FROM THE DATE OF PURCHASE.

THE SOFTWARE AND ACCOMPANYING WRITTEN MATERIALS (INCLUDING INSTRUCTIONS FOR USE)
ARE PROVIDED 'AS IS' WITHOUT WARRANTY AS TO THEIR PERFORMANCE, MERCRANTABILITY,
OR FITNESS FOR ANY PARTICULAR PURPOSE. THE ENTIRE RESULTS AND PERFORMANCE.OF
THIS SOFTWARE IS ASSUMED BY YOU. DYADIC

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SHALL NOT BE LIABLE FOR INDIRECT, SPECIAL OR CONSEQUENTIAL DAMAGES RESULTING
FROM THE USE OF THIS PRODUCT.

ACKNOWLEDGEMENT

YOU ACKNOWLEDGE THAT YOU HAVE READ THIS LICENCE AND LIMITED WARRANTY, UNDERSTAND
THEM, AND AGREE TO BE BOUND BY THEIR TERMS AND CONDITIONS.

DYALOG APL/W NO-CHARGE RUN-TIME SYSTEM LICENCE AMENDMENT to DYADIC SOFTWARE
LICENCE AGREEMENT.

BETWEEN

Dyadic Systems Limited of Riverside View, Basing Road, Old Basing, Basingstoke,
Hampshire, England, RG24 0AL, UK herein called the `Licensor'

AND

the undersigned, herein called the `Licensee'

DEFINITIONS

`Referenced Agreement' means the DYADIC SOFTWARE LICENCE which is printed on the
envelope containing the Program CD-ROM.

`Development System' means the development version of Dyadic's programming
language `Dyalog APL/W' which is subject to the Referenced Agreement.

`Run-Time System' means the run-time version of Dyadic's programming language
`Dyalog APL/W' which is supplied as the contents of the file DYALOGRT.EXE,
regardless of the form in which it is subsequently used.

`DLL' means the Dynamic Link Library version of Dyadic's programming language
`Dyalog APL/W' which is supplied as the contents of the file DYALOG.DLL,
regardless of the form in which it is subsequently used.

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`Components' means all other computer programs and data provided on the Program
CD-ROM but excluding the 'DLL', 'Run-Time System' and `Development System', i.e.
all files excluding DYALOG.DLL, DYALOG.EXE and DYALOGRT.EXE.

`Licensee's program' means one or more computer software programs developed by
the Licensee which incorporate the Components or portions thereof which may be
executed by the Development System or by the Run-Time System or by the DLL.

Whereas the Licensee may create a program which incorporates the Components or
portions thereof which may be executed by the Development System or by the
Run-Time System or by the DLL, and

Whereas Licensor is the holder of the intellectual property rights in the
Development System, Run-Time System, DLL and Components, and,

Whereas the Referenced Agreement limits use of the Development System to a
single computer and consequently limits use of Licensee's Program in conjunction
with the Development System to a single computer,

Now therefore the Licensor and the Licensee agree as follows:

a)       The Licensor grants to Licensee the right to distribute the Run-Time
         System and the Components as part of and only with Licensee's Program
         for use by other parties on any number of computers subject to the
         terms and conditions herein. Distribution of the Run-Time System and
         Components in whole or in part in any other manner is expressly
         prohibited. Notwithstanding the foregoing, said right to distribute the
         Run-Time System and Components shall not be granted to Licensee where
         Licensee" Program is, in the opinion of the Licensor, an application
         generator or a program development system (including, but not limited
         to a compiler or interpreter).

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b)       If the Licensee's program may reasonably be considered to be an
         application generator or a program development system, Licensee agrees
         to request Licensor's advance consent in writing to their free
         distribution under the terms of this agreement.
c)       The Licence contained in this amendment is non-transferable,
         royalty-free, and requires no accounting. d) The Licensor makes no
         representation with respect to the adequacy of the Run-Time System or
         Components as used in conjunction with Licensee's Program for any
         particular purpose or with respect to their adequacy to produce any
         particular result. The Licensor shall not be liable for loss or damage
         arising from this Licence or the distribution or use of the Run-Time
         System and Components with the Licensee's Program. In no event shall
         the Licensor be liable for special, direct or consequential damages
         (including economic loss), losses, costs, fees or expenses of any kind
         or nature.
e)       The Licensor disclaims all warranties, either express or implied,
         including but not limited to implied warranties or merchantability and
         fitness for a particular purpose, in respect of the Components as used
         in Licensee's Program.
f)       Licensee agrees to indemnify, hold harmless and defend Licensor, their
         affiliates, successors and assigns from and against any claims or
         lawsuits, including legal fees, arising from this Licence or the
         distribution or use of Licensee" Program.
g)       The Licensee is expressly prohibited from using the name, logo or
         trademark of Licensor and their affiliates to promote Licensee's
         program.
h)       The Run-Time System contains an embedded notice of copyright which must
         not be removed, suppressed, modified or otherwise altered.

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Schedule 2

DYADIC SUPPORT SERVICE
INTRODUCTION
DSS is a support and maintenance service for Dyalog APL/W users. DSS is
primarily an electronic service and requires access to the World Wide Web and/or
a TCP/IP connection.

DSS MEMBERSHIP SERVICES

TECHNICAL HELP AND ADVICE
DSS members may obtain technical advice and assistance on all aspects of Dyalog
APL/W usage (including run-time systems) by telephone and/or email. This service
includes help with coding and design problems, but is not intended to replace
the use of the printed and on-line documentation. All questions and requests for
advice will be answered immediately or within one working day.

ENHANCEMENTS

DSS members will have access to a steady stream of enhancements to Dyalog APL/W
as they are developed and implemented. Such enhancements will typically be
extensions and improvements to existing facilities and improvements in
performance and usability. Note that major new versions are not included with
standard DSS but will be offered as optional chargeable upgrades. The provision
of major new versions is however included with DSS+.

BUG REPORTING AND CORRECTION SERVICE

If a DSS member reports a bug, the bug will be recorded in the Bug System and
allocated a Bug Reference Number. A bug will only be recorded if Dyadic is able
to reproduce the fault and it is ultimately the responsibility of the customer
to provide the information necessary to do so. Once a bug is logged, Dyadic will
use its best efforts to correct the fault within 30 working days. You will
receive email notification when the bug has been corrected and a fix is
available via the Patch System.

INFORMATION SERVICE

The current list of outstanding bugs and fixes for each of the currently
supported versions of Dyalog APL/W is updated daily and is available exclusively
to DSS members from the Members section of the Dyadic web site or using the
Patch System.

In addition, DSS members may choose to receive daily notification by email of
newly reported bugs and/or fixes.

Versions Covered

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DSS is intended for customers running the latest versions of Dyalog APL/W and
the Patch Wizard workspace requires Version 7.3 or Version 8.1.

 MEMBERS SECTION AT WWW.DYADIC.COM

The members section at www.dyadic.com is administered solely for DSS members.
Access to these pages requires your DSS user id and password. The members
section not only provides access to patches and bug lists, but is also intended
as a source of inside information of interest to Dyalog APL users.

PATCHES

DSS members have exclusive access to the Dyalog APL Patch system which
automatically updates a base copy of the Dyalog APL/W program to the latest
build.

DSS+ MEMBERSHIP SERVICES

MAJOR UPGRADES

Membership of DSS+ includes all of the benefits of DSS, but in addition provides
automatic upgrades to major new versions of Dyalog APL/W as and when they are
developed. Such upgrades will include the appropriate documentation and media
(CD-ROM).

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                                   SCHEDULE 3

Under normal circumstances a nominated senior developer at each Adaytum site
will have access to DSS and will be expected to resolve issues before recourse
to Dyadic's Technical Support.

Where a question or request for advice is made to Dyadic and it cannot be
resolved within one working day, and the issue is considered by Adaytum to
require escalation, Dyadic will name a member of their development team to act
as the direct contact for the resolution of that particular fault or issue.

When such escalation is required, under normal circumstances it will relate to a
production problem and it will be sanctioned by either the European Development
Director or a nominated senior developer (initially Jon Sandles). Dyadic will
provide names and contact telephone numbers to Adaytum for use in such
circumstances.

Development work may be carried out, at Adaytum's request, by mutual consent,
with timescales and arrangements for additional remuneration to be agreed by
both parties before the work commences.

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                                   SCHEDULE 4

                      FORM OF COMMON STOCK PURCHASE WARRANT

         THE SECURITIES REPRESENTED BY THIS CERTIFICATE AND ISSUABLE UPON
         EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
         1933, AS AMENDED (THE "SECURITIES ACT"), OR UNDER THE PROVISIONS OF ANY
         APPLICABLE STATE SECURITIES LAWS, BUT HAVE BEEN ACQUIRED BY THE
         REGISTERED HOLDER HEREOF FOR PURPOSES OF INVESTMENT AND IN RELIANCE ON
         STATUTORY EXEMPTIONS UNDER THE SECURITIES ACT, AND UNDER ANY APPLICABLE
         STATE SECURITIES LAW. THESE SECURITIES AND THE SECURITIES ISSUED UPON
         EXERCISE HEREOF MAY NOT BE SOLD, PLEDGED, TRANSFERRED OR ASSIGNED, NOR
         MAY THIS WARRANT BE EXERCISED, EXCEPT IN ACCORDANCE WITH TERMS SET
         FORTH IN THIS CERTIFICATE OR IN A TRANSACTION WHICH IS EXEMPT UNDER
         PROVISIONS OF THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES
         LAWS OR PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT; AND IN THE
         CASE OF AN EXEMPTION, ONLY IF THE COMPANY HAS RECEIVED AN OPINION OF
         COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH TRANSACTION DOES NOT
         REQUIRE REGISTRATION OF ANY SUCH SECURITIES.

                             ADAYTUM SOFTWARE, INC.

                          COMMON STOCK PURCHASE WARRANT

                  ADAYTUM SOFTWARE, INC., a Delaware corporation (the
"Company"), hereby agrees that, for value received, Dyadic Systems Limited (the
"Holder") or assigns, is

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entitled, subject to the terms set forth below, to purchase from the Company at
any time or from time to time after the date hereof and before 5:00 p.m.,
Central Standard Time, on ____ , 2007, Twelve Thousand Five Hundred (12,500)
shares of the common stock of the Company, $0.01 par value (the "Common Stock"),
at a price per share of $4.00 USD, subject to adjustments as described herein.

                  1. EXERCISE OF WARRANT. The purchase rights exercisable under
this Warrant shall be exercised by the Holder surrendering this Warrant with the
Exercise Form attached hereto duly executed by such Holder, to the Company at
its principal office, accompanied by payment, in cash or by certified or
official bank check payable in USD to the order of the Company, of the purchase
price payable in respect of the Common Stock being purchased. If less than all
of the Common Stock is purchased, the Company will, upon such exercise, execute
and deliver to the Holder hereof a new Warrant (dated the date hereof)
evidencing the number of shares of the Common Stock not so purchased. As soon as
practicable after the exercise of this Warrant and payment of the purchase
price, the Company will cause to be issued in the name of and delivered to the
Holder hereof, or as such Holder may direct (subject to the provisions of
Section 3 below), a certificate or certificates representing the shares
purchased upon such exercise. The Company may require that such certificate or
certificates contain on the face thereof a legend substantially as follows:

                  "The transfer of the shares represented by this certificate is
                  restricted pursuant to the terms of a Common Stock Purchase
                  Warrant dated April __, 2000, issued by Adaytum Software,
                  Inc., a copy of which is available for inspection at the
                  offices of Adaytum, Inc. Transfer may not be made except in
                  accordance with the terms of the Common Stock Purchase
                  Warrant. In addition, no sale, offer to sell or transfer of
                  the shares represented by this certificate shall be made
                  unless a Registration Statement under the Securities Act of
                  1933, as amended, and applicable state laws with respect to
                  such shares is then in effect or exemptions from the
                  registration requirements of such Act and applicable state
                  laws are available."

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                  No fractional shares of Common Stock are to be issued upon the
exercise of this Warrant, but the Company shall pay a cash adjustment in respect
of any fraction of a share which would otherwise be issuable in an amount equal
to the same fraction of the fair market value per share of Common Stock on the
day of exercise as determined in good faith by the Company, less the exercise
price that would have otherwise been paid for such fractional share. The shares
purchased on exercise of this Warrant shall be deemed to be issued as of the
close of business on the date on which this Warrant has been exercised by
payment of the purchase price. The exercise of this Warrant or any portion
hereof shall only be effective at such time that the issuance and sale of shares
of the Company's Common Stock pursuant to such exercise will not violate any
applicable securities or other laws.

                           1.1. EXERCISE UPON LIQUIDATING EVENT. This Warrant
will, without any decision or action from the Holder, be exercised under this
Section 1 upon a Liquidating Event and upon the following conditions:

                                    1.1.1. EVENT NOTICE. The Company will give
the Holder at least 30 days' prior notice describing such Liquidating Event, the
consideration to be received by holders of Common Stock, the anticipated closing
date of such Liquidating Event (the "Anticipated Closing Date") and other
information reasonably required to decide whether to exercise or forfeit the
Warrant.

                                    1.1.2. FORFEIT NOTICE. Investor will instead
forfeit the Warrant if Investor gives the Company notice of its intent to
forfeit at least five days before the Anticipated Closing Date.

                                    1.1.3. LIQUIDATING Event DEFINED.
"Liquidating Event," as such term is used in this Warrant, means (1) the sale of
all or substantially all of the Company's securities or assets to a
non-affiliate of the Company; (2) a public offering of Common Stock

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which is registered with the Securities and Exchange Commission; or (3) any
transaction, including without limitation the closing of an offering of
securities of the Company, which results upon its closing in a net cash inflow
to the Company of at least $20,000,000.00 USD.

                  2. ADJUSTMENT OF PURCHASE PRICE, REORGANIZATION, ETC. In the
event the Company shall at any time hereafter subdivide or combine its
outstanding shares of Common Stock, or declare a dividend payable in Common
Stock, the exercise price in effect immediately prior to the subdivision,
combination or record date for such dividend payable in Common Stock shall
forthwith be proportionately increased, in the case of combination, or
proportionately decreased, in the case of subdivision or declaration of a
dividend payable in Common Stock, and each share of Common Stock purchasable
upon exercise of this Warrant shall be changed to the number determined by
dividing the then current exercise price by the exercise price as adjusted after
such subdivision, combination or dividend payable in Common Stock.

                  In the event of any capital reorganization or any
reclassification of the shares of Common Stock of the Company, or in the case of
any consolidation with or merger of the Company into or with another
corporation, or the sale of all or substantially all of its assets to another
corporation effected in such a manner that the holders of common shares shall be
entitled to receive stock, securities or assets with respect to or in exchange
for Common Stock, then, as a part of such reorganization, reclassification,
consolidation, merger or sale, as the case may be, lawful provision shall be
made so that the Holder of this Warrant shall have the right thereafter to
receive, upon the exercise hereof, the kind and amount of shares of stock or
other securities or property which the Holder would have been entitled to
receive if, immediately prior to such reorganization, reclassification,
consolidation, or merger or sale, the Holder had held the number of shares of
Common Stock which were then purchasable upon the exercise of this Warrant. In
any such event, appropriate adjustment (as determined in good faith by the Board
of Directors of the Company) shall be made in the application of the

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provisions set forth herein with respect to the rights and interest thereafter
of the Holder of this Warrant, to the end that the provisions set forth herein
(including provisions with respect to adjustments of the exercise price) shall
thereafter be applicable, as nearly as reasonably may be, in relation to any
shares of stock or other property thereafter deliverable upon the exercise of
this Warrant.

                  3. TRANSFERABILITY; SECURITIES LAWS MATTERS. Neither the
issuance and sale of this Warrant nor the issuance and sale of shares of Common
Stock of the Company issuable upon exercise of this Warrant have been registered
under the Securities Act of 1933, as amended (the "Securities Act"), or any
state securities laws. Prior to making any disposition of this Warrant or of any
Common Stock purchased or purchasable upon exercise of this Warrant, the Holder
will give written notice to the Company describing briefly the manner of any
such proposed disposition. The Holder will not make any such disposition until
(i) the Company has notified the Holder that, in the opinion of its counsel,
registration under the Securities Act and applicable state laws is not required
with respect to such disposition, or (ii) appropriate registrations covering the
proposed disposition have been filed by the Company and have become effective.
The Company agrees that, upon receipt of written notice from a Holder with
respect to such proposed transfer or disposition, it will use its best efforts,
in consultation with such Holder's counsel, to ascertain as promptly as possible
whether or not registration is required and will advise the Holder promptly with
respect thereto.

                  The Company has no obligation to file any registrations under
the Securities Act, as amended, or applicable state laws, nor in the event of
any such registration, to include this Warrant or the shares of Common Stock
purchased or purchasable hereunder in any such registration statement.

                  The Company shall have no obligation to recognize any transfer
of this Warrant or the Common Stock purchased upon exercise of this Warrant
which is not made in

                                       20
<PAGE>

compliance with this provision. Until the Warrant or the Common Stock purchased
hereunder is transferred on the books of the Company, the Company may treat the
Holder as the absolute owner hereof and thereof for all purposes without being
affected by any notice to the contrary.

                  Holder hereby represents and agrees that any securities
acquired upon exercise of this Warrant will be acquired for long-term investment
purposes and not with the view toward distribution or sale thereof in a public
offering within the meaning of the Securities Act.

                  4. RESERVATION OF COMMON STOCK. A number of shares of Common
Stock sufficient to provide for the exercise of the Warrant upon the basis
herein set forth shall at all times be reserved for the exercise thereof.

                  5. NO RIGHTS AS STOCKHOLDER. This Warrant shall not entitle
the Holder to any voting rights or other rights as a stockholder of the Company.

                  6. MISCELLANEOUS. The Company will not, by amendment of its
Certificate of Incorporation or through reorganization, consolidation, merger,
dissolution or sale of assets, or by any other voluntary act or deed, avoid or
seek to avoid the observance or performance of any of the covenants,
stipulations or conditions to be observed or performed hereunder by the Company,
but will at all times in good faith assist, insofar as it is able, in the
carrying out of all provisions hereof and in the taking of any other action
which may be necessary in order to protect the rights of the Holder hereof.

                  The provisions of Section 3 hereof shall survive the exercise
of this Warrant.

                  All shares of Common Stock or other securities issued upon the
exercise of the Warrant shall be validly issued, fully paid and nonassessable.

                                       21
<PAGE>

                  Neither this Warrant nor any term hereof may be changed,
waived, discharged or terminated orally, but only by an instrument in writing
signed by the party against which enforcement of the change, waiver, discharge
or termination is sought.

                  IN WITNESS WHEREOF this Warrant been duly executed by Adaytum
Software, Inc., the __ day of ____, 2000.

                                              ADAYTUM SOFTWARE, INC.

                                              By:_______________________________

                                              Its:______________________________

                                       22
<PAGE>

                                  EXERCISE FORM
                  (TO BE SIGNED ONLY UPON EXERCISE OF WARRANT)
To Adaytum Software, Inc.:
                  The undersigned, the holder of the foregoing Warrant, hereby
irrevocably elects to exercise the purchase right represented by such Warrant
for, and to purchase thereunder * shares of common stock of Adaytum Software,
Inc., and herewith makes payment of $________________ therefor, and requests
that the certificate(s) for such shares be issued in the name of, and be
delivered to
                                       , whose address is
                                                              .

Dated:  __________________________          ____________________________________
                                            (Signature must conform in all
                                            respects to the name of holder
                                            as on the face of the Warrant)

                                            ------------------------------------
                                            (Address)

                                            -----------------------------------
                                            (Address - City - State - ZIP)

*Insert here all or such portion of the number of shares called for on the face
of the within warrant with respect to which the Holder desires to exercise the
purchase right represented thereby, without adjustment for any other or
additional stock, other securities, property or cash which may be deliverable on
such exercise.

                                       23
<PAGE>

                                 ASSIGNMENT FORM
                (TO BE SIGNED ONLY UPON TRANSFER OF THE WARRANT)

                  For value received, the undersigned hereby sells, assigns and
transfers unto __________ the right represented by the foregoing Warrant to
purchase _______________ of the shares of common stock of Adaytum Software, Inc.
to which the foregoing Warrant relates, and appoints any attorney to transfer
said right on the books of Adaytum Software, Inc., with full power of
substitution in the premises.

Dated:  __________________________          ____________________________________
                                            (Signature must conform in all
                                            respects to the name of holder
                                            as on the face of the Warrant)

                                            ------------------------------------
                                            (Address)

                                            -----------------------------------
                                            (Address - City - State - ZIP)

                                       24<PAGE>

                                   [GRAPHIC]

Application Provider
Company Name:   ADAYTUM SOFTWARE INC.         Effective Date:  JUNE 30, 2000
              --------------------------                    --------------------

                            BUSINESS OBJECTS AMERICAS
                         APPLICATION PROVIDER AGREEMENT

================================================================================

This Application Provider Agreement (the "Agreement") is made as of the date set
forth above (the "Effective Date") by and between BUSINESS OBJECTS AMERICAS
(hereinafter "BOA" or "Licensor") having as its principal place of business at
2870 Zanker Road, San Jose, California 95134 and the Application Provider named
on SCHEDULE 1 hereto (hereinafter "Adaytum" or "AP").

WHEREAS, BOA is the developer, manufacturer, distributor and licensor of the
software and related products listed in EXHIBIT A hereto (the "BOA Products" or
"Programs"), and the installation instructions, published specifications and
user manuals provided with those BOA Products (the "BOA Documentation"), and is
owner of certain trademarks (the "BOA Trademarks") and other intellectual
property rights related to the BOA Products.

WHEREAS, AP is a developer, manufacturer and distributor of the software
products, listed on Schedule 1 hereto, that add value to or work in conjunction
with, the BOA Products (the "AP Products").

WHEREAS, AP desires to license from BOA, and BOA desires to license to AP,
certain limited rights to use the BOA Products for the sole purpose of
developing a set of data access, reporting and analysis modules for the AP
Products (the "Value-Add"), and to market and sublicense the BOA Products with
the AP Products.

NOW THEREFORE, in consideration of the mutual promises contained herein, it is
agreed as follows:

1.   APPOINTMENT AND AUTHORITY OF AP
     1.1 APPOINTMENT OF AP. Subject to the terms and conditions of this
Agreement, BOA hereby appoints AP to act as a non-exclusive Application Provider
of BOA for the BOA Products, within the territory listed in Schedule 1 (the
"Territory"), and AP hereby accepts such appointment.

***

     1.2 INDEPENDENT CONTRACTORS. The relationship of BOA and AP established by
this Agreement is that of independent contractors, and nothing contained in this
Agreement shall be construed to: (i) give either party the power to direct and
control the day-to-day activities of the other, (ii) constitute the parties as
legal partners, joint venturers, co-owners or otherwise as participants in a
joint undertaking, or (iii) allow either party to create or assume any
obligation on behalf of the other party for any purpose whatsoever. All
financial and other obligations associated with the businesses of BOA and AP are
their sole respective responsibilities.

2.   DEVELOPMENT, AP SUPPORT AND DEMONSTRATION LICENSE
     2.1 DEVELOPMENT LICENSE GRANT. For the Development License Fees and AP
Support Fees set forth in Section 11 of this Agreement, BOA hereby grants to AP
a non-exclusive, nontransferable right to have AP use object code copies of the
BOA Products listed on EXHIBIT B solely for the purpose of developing, testing,
and supporting the Value-Add, and not for other internal productive purposes,
(the "Development License"), provided that AP: (i) shall not make, reproduce or
modify any copies of the BOA Products, or the BOA

***      Denotes confidential information that has been omitted from the
         exhibit and filed separately, accompanied by a confidential
         treatment request, with the Securities and Exchange Commission
         pursuant to Rule 406 of the Securities Act of 1933.

                                  Page 1 of 13
<PAGE>

Documentation, and shall not authorize any other party to do so, except for the
copies specified in Exhibit B, and except that AP may make one (1) copy of the
BOA Products to be used by it pursuant to this Section 2.1 solely for back-up or
archival purposes; (ii) shall not modify, reverse engineer or decompile any of
the BOA Products and shall not alter or remove any copyright or other
proprietary notices on or in any of the BOA Products or BOA Documentation; (iii)
shall not under any circumstances sublicense, assign or otherwise transfer its
rights under this Section 2.1.
     2.2 DEMONSTRATION AND AP SUPPORT LICENSE GRANT.
For the Demonstration License Fees and AP Support Fees set forth in Section 11
of this Agreement, BOA hereby grants to AP a non-exclusive, nontransferable
right to have AP use object code copies of the BOA Products listed on Exhibit B
under "Demonstration and AP Support Licenses", solely for the purpose of
demonstrating and supporting the BOA Products and Value-Add to AP's end-users
(the "Demonstration License"), provided that AP: (i) shall not make, reproduce
or modify any copies of the BOA Products or the BOA Documentation beyond what is
herein authorized, and shall not authorize any other party to do so, except for
the copies specified in Exhibit B, and except that AP may make one (1) copy of
the BOA Products to be used by it pursuant to this Section 2.2 solely for
back-up or archival purposes; (ii) shall not modify, reverse engineer or
decompile any of the BOA Products and shall not alter or remove any copyright or
other proprietary notices on or in any of the BOA Products or BOA Documentation;
(iii) shall not under any circumstances sublicense, assign or otherwise transfer
its rights under this Section 2.2.
     AP shall be entitled to up to a maximum combined total of one hundred (100)
copies of the BOA Products for Demonstration and AP Support purposes under this
Section 2.2.

3.   MARKETING AND SUBLICENSING
     3.1 LICENSE TO MARKET AND SUBLICENSE. For the Sublicense License Fees
specified in Section 11.3 of this Agreement, BOA grants to AP a nonexclusive,
nontransferable right during the term of this Agreement to market and sublicense
(a non-exclusive, nontransferable, perpetual, fully paid license) to end users
for such end-users' own internal purposes object code copies of the BOA Products
and the related BOA Documentation, if any, in connection with the marketing and
license of the AP Products (the "Sublicense License") pursuant to BOA's standard
form Software License Agreement, or an agreement substantially similar and
approved by BOA (the "Sublicense License Agreement"), PROVIDED, that AP shall
not: (a) market or sublicense the BOA Products, except for sole use with the AP
Products, supplied in conjunction therewith, and to end users for their own
internal purposes;

                                  Page 2 of 13
<PAGE>

(b) sublicense the BOA Products, except in whole as received from BOA and in
object code form; (c) modify, reverse engineer or decompile the BOA Products;
(d) remove any of BOA's proprietary notices or legends, including any BOA
Trademark contained in or on the BOA Products or the BOA Documentation, without
the specific prior written consent of BOA; (e) make any copies of the BOA
Products or the BOA Documentation, except for one copy of each BOA Product
sublicensed by, and for delivery to, each sublicensee; (f) sublicense, assign or
otherwise transfer its rights under this Section 3.

     3.2 TEMPORARY TRIAL SUBLICENSES. AP shall be entitled to grant, at the
charges and terms then current for APs, up to a maximum combined total of
*** temporary Trial Sublicenses of the BOA Products at any one time, only in
conjunction with trials of the Value-Add. Such Sublicenses shall be for
evaluation purposes only and shall be for a period not to exceed thirty (30)
days. AP is responsible for ensuring that prospects receiving a trial sublicense
sign a trial license agreement substantially similar to BOA's Software Trial
License Agreement and for ensuring that trial software is purged at the end of
the evaluation period. BOA reserves the right to require AP to provide Business
Objects with a prospect summary and trial plan prior to providing trial
software.

4.   TRADEMARK LICENSE GRANT
     4.1 GRANT OF LICENSE TO USE BOA TRADEMARKS. BOA hereby grants to AP a
nonexclusive, nontransferable license for the term of this Agreement to use the
BOA Trademarks solely for the purpose of marketing the BOA Products pursuant to
this Agreement. AP is granted no other license hereby, and specifically is
granted no right to use any name, mark, logo, trademark, trade name or other
intellectual property right, including any BOA Trademark, on, in or in
connection with any products developed by AP or any license rights other than as
specifically allowed pursuant to this Agreement. AP agrees that it will not, at
any time during or after the term of this Agreement, use, advertise, or display
any name, mark, logo, or designation on a product or as a name under which it
does business that is confusingly similar to any name, mark, logo, or
designation of BOA.
         PRIVATE LABELING. BO understands and agrees that Adaytum will be
affixing its own logos, trademarks, trade names and proprietary notices to the
Software, Re-Branded Software, Documentation, Marketing Materials and any
packaging.
     4.2 REVIEW OF USE OF THE BOA TRADEMARKS. BOA may, at its sole option,
review all AP use of the BOA Trademarks, including in the promotion and
advertising of the AP Products and the BOA Products, prior to and/or after the
use of any of the BOA Trademarks. AP agrees to

***      Denotes confidential information that has been omitted from the
         exhibit and filed separately, accompanied by a confidential
         treatment request, with the Securities and Exchange Commission
         pursuant to Rule 406 of the Securities Act of 1933.

                                  Page 3 of 13
<PAGE>

withdraw and retract any such use of the BOA Trademarks, including any such
promotion or advertising that BOA, in its sole discretion, finds unsuitable.
     4.3 NO TRANSFER. AP may under no circumstances sublicense, assign or
otherwise transfer its rights under this Section 4.

5.   OBLIGATIONS OF AP
     5.1 COMPLIANCE WITH TERMS OF LICENSES. AP shall at all times comply with
the terms of the Licenses granted to AP under Sections 2,3 and 4 of this
Agreement.
     5.2 AP CONDUCT. AP shall conduct its business in its own name and in such a
manner that will be reasonably expected to reflect favorably at all times on the
BOA Products and the good name, goodwill and reputation of BOA. AP shall not
engage in deceptive, misleading or unethical practices that are or might be
detrimental to BOA, the BOA Products or any third party.
     5.3 STAFF REQUIREMENTS. AP shall at all times employ trained personnel who
have been adequately trained to support, demonstrate and develop with the BOA
Products in accordance with reasonable training requirements and policies as may
be issued by BOA from time to time.
     5.4 PAYMENT. AP shall pay BOA all license and support fees due under this
Agreement in accordance with the terms of Section 11 of this Agreement. AP shall
directly bill its end user customers for licensing of AP Products and
sublicensing of BOA Products and BOA Documentation. AP shall pay all expenses
incurred by it in connection with its marketing, distribution, delivery and
service of the AP Products and the BOA Products.
     5.5 MAINTENANCE OF AP'S CUSTOMERS. AP shall provide support of the AP
Products and Value-add directly to its end user customers. AP shall provide the
appropriate first level of support, skilled instruction and maintenance to AP's
customers for BOA Products.
     5.6 MARKETING AND ADVERTISING. During the term hereof, AP, as part of its
activities to promote the distribution of the BOA Products with the AP Products,
agrees to confer periodically with BOA at BOA's request on matters relating to
market conditions, sales forecasting, product planning, and update, promotional
and marketing strategies.
     5.7 DEVELOPMENT LICENSES AND SUPPORT OF DEVELOPMENT LICENSES.
     AP shall purchase a minimum of one (1) license for each Value-Add BOA
Product for development purposes, in accordance with the license fees outlined
on Exhibit B.
     AP shall purchase at least one (1) year of telephone support and Program
updates (the "Support Period") for each Development License commencing on the
date each such Development License is shipped for the Development License
Support Fee specified in Section 11.2 of this Agreement. BOA shall automatically
extend the Support Period for additional one (1) year periods (each being an
"Additional Development License Support Period"), and AP shall pay to BOA the
Additional Development License Support Fee specified in Section 11.2 of this
Agreement upon the commencement of each Additional Support Period, unless AP
shall have given notice to BOA at least thirty (30) days prior to the end of the
Support Period or an Additional Support Period.
     5.8 SUBLICENSE REPORTS. Within thirty (30) days of the last day of each
calendar quarter, AP shall send BOA a report detailing for that calendar quarter
for each sublicensee: (a) such Sublicensee's name and address, (b) the platform,
(c) the date of sale, (d) the number of users and (e) the total Sublicense
License Fees and Sublicense Support Fees due BOA (the "Sublicense Report").
     5.9 RECORDS INSPECTION AND AUDITS. AP shall maintain books and records in
connection with its obligations under this Agreement, during, and for a period
of two (2) years after, the term of this Agreement. Such records shall include
the executed Sublicense License Agreements and the information required in the
quarterly Sublicense Reports. AP shall permit BOA to inspect all books, records
and other documentation relating to AP's performance of this Agreement and to
audit up to twice yearly the relevant books of AP to ensure compliance with the
terms of this Agreement upon reasonable prior notice to AP. Any such inspection
or audit shall be conducted during regular business hours at AP's offices and
shall not interfere unreasonably with AP's business activities. BOA shall pay
all of its costs related to performing all inspections and audits; provided,
that if any audit reveals that AP has underpaid fees to BOA in excess of five
percent (5%), then AP shall pay BOA's reasonable costs of conducting such audit
in addition to paying the underpaid amounts.
     5.10NOTICE OF CLAIMS, DEFECTS AND CHANGES OF CONTROL. AP shall notify BOA
promptly in writing of: (i) any claim or proceeding involving a AP Product or
BOA Product that comes to its attention; (ii) any claimed or suspected defects
in a AP Product or a BOA Product; and (iii) any material change in the
management or control of AP.
     5.11AP PRODUCT DISTRIBUTION. The parties will agree on which method of
distribution for the BOA Products will be used by AP (a) direct shipment from
BOA or b) internal manufacture and shipment based on Master Copy from BOA) and
ensure that this process conforms to proper BOA procedures. As of the Effective
Date of this Agreement, the parties agree to option b) above, but reserve the
right to modify their method of distribution at a later date, as agreed in
writing.

6.   OBLIGATIONS OF BOA
     6.1 BOA SUPPORT OF THE DEVELOPMENT, AP SUPPORT AND DEMONSTRATION LICENSE.
BOA shall provide telephone support for the Development, AP Support and

                                  Page 4 of 13
<PAGE>

Demonstration License to two (2) contacts named by AP (the "Authorized
Contacts") for the fees specified in Section 11.2 of this Agreement for
technical and related inquiries arising from AP's use of the BOA Products in
connection with AP's development of the AP Products. Upon receipt of notice of a
problem from an Authorized Contact, and if such problem can be reproduced at a
BOA support facility or via remote access to the site of the Development and
Demonstration License, BOA shall use its reasonable efforts to correct or
circumvent such problem; provided, that all corrections to the BOA Products
shall be made only to the most current generally available release of such BOA
Products, except that for a period of twelve (12) months after the introduction
of a new generally available release of such BOA Products, BOA shall use
reasonable efforts to provide telephone support for the immediately prior
generally released version of such BOA Products. BOA shall also provide, for the
Support Fees specified in Section 11.2 of this Agreement, new releases,
maintenance releases and patches to the Development, Support and Demonstration
Licenses. Support and maintenance shall be provided in accordance with the BOA
Worldwide Customer Support User's Guide, a copy of which has been provided to
AP.
     6.2 TRAINING. BOA shall provide training for AP employees according to the
terms, and for the fees, established for AP's by BOA, from time to time.
     6.3 BOA PRODUCT DISTRIBUTION. Depending on the method of distribution
agreed upon under Section 5.11, BOA will ship the BOA Products and Documentation
in accordance with BOA policy, to locations specified on AP's purchase order(s).
Alternatively, at AP's request and BOA's agreement, a Master Copy of the
applicable BOA Products may be provided to AP for exclusive use to reproduce
appropriate materials for distribution to AP's customers in accordance with the
terms of this Agreement, and then such AP distributed copies will be reported to
BOA in a monthly royalty report.

7.   OWNERSHIP OF PRODUCTS AND DOCUMENTATION
     7.1 OWNERSHIP OF BOA PRODUCTS AND BOA DOCUMENTATION. BOA owns all right,
title and interest in and to the BOA Products and the BOA Documentation,
including without limitation, all copyrights, trade secrets, patents, trademark
rights and other intellectual property rights in and to the BOA Products, except
for the limited rights licensed to AP pursuant to Sections 2,3 and 4 of this
Agreement. Upon any termination of this Agreement or the licenses granted in
Section 2, 3 or 4 of this Agreement, all rights of AP to use, market or
distribute the BOA Products and the BOA Documentation shall also terminate.
     7.2 OWNERSHIP OF AP PRODUCTS AND AP DOCUMENTATION. AP owns all right, title
and interest in and to the AP Products and the AP Documentation, including
without limitation, all copyrights, trade secrets, patents, trademark rights and
other intellectual property rights in and to the AP Products.
     7.3 OWNERSHIP OF OTHER MATERIALS. All other aspects of the BOA Products,
the BOA Documentation and all other items licensed by BOA hereunder, including
without limitation, programs, methods of processing, specific designs and
structure of individual programs and their interaction and unique programming
techniques employed therein as well as screen formats shall remain the sole and
exclusive property of BOA and shall not be sold, revealed, disclosed or
otherwise communicated, directly or indirectly, by AP to any person, company or
institution whatsoever other than for the purposes set forth herein.
     7.4 DOCUMENTATION AND MARKETING MATERIALS. At no charge to Adaytum, BOA
shall provide Adaytum with electronic copies of BOA's standard marketing,
training and technical documentation materials for the BOA Products (part of the
"Documentation") as requested by Adaytum. At a minimum, the Documentation must
include: technical documentation, sales collateral, brochures, white papers,
slide presentations, web content and standard proposal templates. Adaytum shall
be able to copy, modify, create derivative works of, display and distribute the
modified Documentation as reasonably needed to use, support, maintain, market
and distribute the Re-Branded Software, as permitted hereunder. Adaytum shall
own all rights, title and interest in and to the copyrights and other
intellectual property rights in such modified Documentation it creates. Adaytum
shall be solely responsible for any errors or omissions made in such copies or
adaptations of the Documentation and shall own the copyrights in such
adaptations. BOA shall be solely responsible for any errors or omissions in the
original versions of such Documentation.

8.   WARRANTIES AND REMEDIES.
     8.1 LIMITED WARRANTY AND REMEDIES. BOA warrants that: (i) it has the right
to license the Programs to AP; (ii) the BOA Products, when properly used, will
operate in substantial conformity with the BOA Documentation for such version
for so long as AP shall purchase Support from BOA in accordance with the terms
of Section 11 of this Agreement; (iii) the Program media shall be free of
defects, for ninety (90) days from the date of shipment of such version to AP;
and (iv) each Program under this Agreement shall be Year 2000 compliant as more
specifically outlined in the "YEAR 2000 COMPLIANCE ADDENDUM" attached hereto as
EXHIBIT C. BOA does not warrant that the BOA Products work or perform
satisfactorily with any AP Products or that the AP Products will work or perform
satisfactorily. The medium on which the BOA Products are delivered to AP is
warranted against defects for a period of 90 days from the

                                  page 5 of 13
<PAGE>

original date of invoice. If the medium is defective, return it within the
warranty period, and BOA will replace it at no charge. BOA's obligations under
this warranty are limited to replacing or repairing at BOA's option, the initial
copy of the BOA Products delivered to AP and which shall be returned to BOA,
transportation charges prepaid, and which are, after examination, disclosed to
BOA's satisfaction to be defective. This warranty shall not apply to any BOA
Products that have been altered or repaired, except by BOA, or which have been
subject to misuse, negligence or accident.
         AP's remedies in the event of a breach of clause (i), (ii) or (iv) of
this Section 8 shall be (1) for BOA to repair or replace the affected Program,
or, in BOA's sole discretion, if that is not practicable, (2) for Licensee to
return the affected Program to BOA and BOA to refund an amount equal to the
license fees paid to BOA for such Program multiplied by a fraction, the
numerator of which is thirty-six (36) minus the number of months that such
Program was used by AP, and the denominator of which is thirty-six (36), along
with a pro rata share of any Support Fees that Licensee actually paid to BOA for
the period that the Program was not usable. In the event of a breach of clause
(iii), BOA shall replace the media if notified of such defect within the ninety
(90) day period.

     8.2 CUSTOMER WARRANTY. AP agrees not to make any representations or
warranties with respect to the BOA Products which exceed the limited warranties
made by BOA under this Agreement absent BOA's prior written consent.
     8.3 DISCLAIMER OF WARRANTIES. OTHER THAN THOSE WARRANTIES SET FORTH IN
PARAGRAPHS 8.1 AND 8.2, BOA SPECIFICALLY DISCLAIMS ALL WARRANTIES EXPRESSED OR
IMPLIED, INCLUDING BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY
AND FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE BOA PRODUCTS AND THE AP
PRODUCTS.

9.   LIMITATION OF LIABILITY
     EXCEPT FOR INDEMNIFICATION UNDER SECTION 10.1, THE TOTAL LIABILITY, IF ANY,
OF EITHER PARTY, INCLUDING BUT NOT LIMITED TO LIABILITY ARISING OUT OF CONTRACT,
TORT, BREACH OF WARRANTY, OR OTHERWISE, SHALL NOT IN ANY EVENT EXCEED THE
LICENSE FEES PAID BY AP). IN NO EVENT SHALL EITHER PARTY BE LIABLE FOR LOSS OR
INACCURACY OF DATA, LOSS OF PROFITS, COST OF COVER OR OTHER SPECIAL, INCIDENTAL,
CONSEQUENTIAL OR INDIRECT DAMAGES ARISING FROM OR IN RELATION TO THIS AGREEMENT
OR THE USE OF THE BOA PRODUCTS OR THE AP PRODUCTS, HOWEVER CAUSED AND REGARDLESS
OF THEORY OF LIABILITY. THIS LIMITATION WILL APPLY EVEN IF A PARTY HAS BEEN
ADVISED OR IS AWARE OF THE POSSIBILITY OF SUCH DAMAGES. THE PARTIES HEREBY
ACKNOWLEDGE THAT THE MUTUAL COVENANTS AND AGREEMENTS SET FORTH IN THIS AGREEMENT
REFLECT THIS ALLOCATION OF RISK.

10.  INDEMNIFICATION
     10.1INDEMNIFICATION BY BOA BOA represents and warrants that it shall
indemnify, defend and hold AP harmless from any claims, demands, liabilities,
losses, damages, judgments or settlements, including all reasonable costs and
expenses related thereto including attorneys' fees, directly or indirectly
resulting from any claimed infringement or violation by BOA of any copyright,
patent or other intellectual property right with respect to the BOA Products.
HOWEVER, the foregoing notwithstanding, BOA's obligation to indemnify shall NOT
pertain to the extent that the infringement or violation is attributable to: 1)
any infringement or violation attributable to any unauthorized modification or
use of the BOA Products or the BOA Documentation by AP; or 2) by the
unauthorized combination of a BOA Product or the BOA Documentation with an AP
Product or AP Documentation; or 3)
if the BOA Products are used out of accordance with the BOA Documentation.

     10.2INDEMNIFICATION BY AP. AP represents and warrants that it shall
indemnify, defend and hold BOA harmless from any claims, demands, liabilities,
losses, damages, judgments or settlements, including all reasonable costs and
expenses related thereto including attorneys' fees, directly or indirectly
resulting from any claimed infringement or violation by AP of any copyright,
patent or other intellectual property right with respect to any AP Product or to
an AP Product used in conjunction with a BOA Product, except to the extent such
infringement or violation is attributable solely to a BOA Product or if such
infringement would not have occurred but for such use or combination with a BOA
Product.

     10.3 COOPERATION BY INDEMNIFIED PARTY. Notwithstanding Sections 10.1 and
10.2 of this Agreement, the indemnifying party is under no obligation to
indemnify and hold the other party harmless unless: (a) the indemnifying party
receives notice of the suit or claim from the indemnified party and is furnished
with a copy of each communication, notice or other action relating to said claim
within ten (10) days after the indemnified party receives such notice and each
such communication; (b) the indemnifying party shall have the right to assume
sole authority to conduct the trial or settlement of such claim or any
negotiations related thereto at the indemnifying party's own expense; and (c)
the indemnified party shall provide

                                  Page 6 of 13

<PAGE>

reasonable information and assistance requested by the indemnifying party in
connection with such claim or suit at the indemnifying party's expense.

11.  DEVELOPMENT LICENSE AND AP SUPPORT FEES; PAYMENT TERMS
     11.1DEVELOPMENT LICENSE FEES. AP agrees to pay BOA the Development License
Fees specified on Exhibit B hereto for the Initial Development Licenses outlined
on Exhibit B. AP shall have the right to acquire and use additional BOA Products
for development purposes for the fees outlined on Exhibit B.
     11.2INITIAL AND SUBSEQUENT DEVELOPMENT SUPPORT FEES. AP agrees to pay BOA
an AP Support Fee, as outlined in Exhibit B, for each Development License, which
shall pay for support during the Support Period in accordance with Sections 5.7
and 6.1 of this Agreement. In addition, AP agrees to pay an Additional Support
Fee on the commencement date of each Additional Support Period, in accordance
with Support Fees established for AP's in effect at the time, which BOA may
change from time to time, which shall pay for support during the Additional
Support Period in accordance with Sections 5.7 and 6.1 of this Agreement.
     11.3SUBLICENSE LICENSE FEES. AP agrees to pay BOA a Sublicense License Fee
for each copy of each BOA Product sublicensed to an end user equal to the list
price of such BOA Product in effect on the date of such sublicense less the
applicable discount percentage specified on Exhibit B hereto.
     11.4 SUBLICENSE SUPPORT FEES. A Sublicense Support Fee, outlined in Exhibit
B, will be added to the license fee of each BOA Product sublicensed by AP,
providing AP with the right to provide new releases, maintenance releases and
patches to Sublicensees for no charge for a period of one (1) year. During
subsequent years, AP agrees to pay an Additional Support Fee on the commencement
date of each Additional Support Period, in accordance with Support Fees
established for AP's Sublicensees in effect at the time, which shall pay for
end-user support during the Additional Support Period in accordance with
Sections 5.7 and 6.1 of this Agreement.
     11.5GENERAL PAYMENT TERMS. All fees payable hereunder shall be paid to BOA
within thirty (30) days of invoice date. All payments made shall be in United
States currency and shall be made without deductions based on any taxes or
withholdings. The fees listed in this Agreement do not include taxes. If BOA is
required to pay sales, use, property, value-added or other federal, state or
local taxes based on the licenses granted under this Agreement, or the
sublicenses granted by AP to end users, then such taxes shall be billed and paid
by AP; this shall not apply to taxes based upon BOA's income.

12.  TERM, TERMINATION AND EFFECT OF TERMINATION

     12.1TERM. This Agreement shall commence on the Effective Date and shall
continue in full force and effect for *** unless terminated earlier
under the provisions of this Section 12. Thereafter, this Agreement shall
automatically renew for subsequent *** terms, unless terminated by
either party upon written notice to the other party at least thirty (30) days
prior to the end of the then current term.

     12.2TERMINATION FOR CONVENIENCE, CHANGE OF CONTROL. In addition to the
foregoing, this Agreement may be terminated (i) by mutual written consent of
both parties or (ii) at the option of BOA, upon any majority change in ownership
or control of AP in the event such change is to a direct competitor of BOA.
     12.3TERMINATION UPON INSOLVENCY. This Agreement shall terminate, effective
upon delivery of written notice by a party, (i) upon the institution of
insolvency, receivership or bankruptcy proceedings or any other proceedings for
the settlement of debts of the other party, (ii) upon the making of an
assignment for the benefit of creditors by the other party, or (iii) upon the
dissolution of the other party.
     12.4TERMINATION UPON DEFAULT. Either party may terminate this Agreement in
the event that the other party materially defaults in performing any obligation
under this Agreement and such default continues unremedied for a period of
thirty (30) days following written notice of default. The parties reserve the
right to extend the cure period beyond thirty (30) days by mutual written
consent.
     12.5SURVIVAL OF CERTAIN TERMS. The provisions of Sections 2, 4, 6, 8, 9,
10, 11.5 and 12 shall survive termination of this Agreement. All other rights
and obligations of the parties shall cease upon termination of this Agreement.
     12.6EFFECT OF TERMINATION (TERMINATION OF LICENSES AND RETURN OF
MATERIALS). Upon termination of this Agreement for any reason, including the
failure of AP, in the opinion of BOA, to comply with any of AP's obligations
under Section 5 of this Agreement, AP shall immediately: (i) if a license
granted under this Agreement expires or otherwise terminates, cease all use of
the BOA Products and the BOA Documentation and promptly return all related
copies of BOA Product and BOA Documentation to BOA; (ii) cease all marketing and
distribution of the BOA Products and the BOA Documentation; (iii) cease all
display and advertising of all BOA Products and all BOA Trademarks and logos
associated therewith; (iv) cease using any and all materials identifying AP with
BOA and the BOA Products; (v) promptly return all marketing literature, written
information and reports pertaining to the BOA Products; and (vi) return to BOA
any and all Confidential Information, as defined in Section 13 of this
Agreement. However, the parties reserve the right to honor outstanding

***      Denotes confidential information that has been omitted from the
         exhibit and filed separately, accompanied by a confidential
         treatment request, with the Securities and Exchange Commission
         pursuant to Rule 406 of the Securities Act of 1933.

                                  Page 7 of 13
<PAGE>

quotations to AP's end users, on a case-by-case basis, for a period of one
hundred and eighty (180) days after effective date of termination.
         The parties also acknowledge that the sublicenses granted hereunder are
perpetual licenses to AP's end users and such end users will have the option to
purchase and obtain Support directly from BOA in the event that AP ceases to
offer Support.

13.  CONFIDENTIAL INFORMATION
     Except for the specific rights granted by this Agreement, neither party
shall use or disclose any Confidential Information of the other party. A party
receiving Confidential Information from the other shall use the highest
commercially reasonable degree of care to protect that Confidential Information.
The BOA Products including methods or concepts utilized therein, the BOA
Documentation and all information identified by the disclosing party as
proprietary or confidential ("Confidential Information"), shall remain the sole
property of the disclosing party and shall not be disclosed to any third party
without the express written consent of the disclosing party (except solely for
each party's internal business needs, to employees or consultants who are bound
by a written agreement with such party to maintain the confidentiality of such
Confidential Information in a manner consistent with this Agreement). Items will
not be considered to be Confidential Information if (i) available to the public
other than by a breach of an agreement with BOA; (ii) rightfully received from a
third party not in breach of an obligation of confidentiality; (iii)
independently developed by one party without access to the Confidential
information of the other; (iv) known to the recipient at the time of disclosure;
or (v) produced in compliance with applicable law or a court order, provided the
other party is given reasonable notice of such law or order and an opportunity
to attempt to preclude or limit such production.

14.  MISCELLANEOUS
     14.1NOTICES.  Any  notice  required  or  permitted  hereunder  shall be in
writing and shall be given: 1) by registered or certified mail, return receipt
requested, postage prepaid; or 2) via a nationally recognized overnight courier,
or 3) via confirmed facsimile addressed as follows:

     If to BOA:
     Attn: Legal Dept.
     BUSINESS OBJECTS AMERICAS
     2870 Zanker Road
     San Jose, CA 95134
     Fax No.: 408-894-1511

     If to AP, at the address and the fax number listed on Schedule 1 hereto.
Such notice shall be deemed to be given upon the earlier of actual receipt or
three (3) days after it has been sent, properly addressed and with postage
prepaid. Either party may change its address for notice by means of notice to
the other party given in accordance with this Section.

     14.2ASSIGNMENT. This Agreement may not be transferred or assigned, in whole
or in part, by either party either voluntarily or by operation of law, and any
attempt to do so shall be a material default of this Agreement and shall be
void.

     14.3GOVERNING LAW. This Agreement shall be interpreted according to the
laws of the California without regard to or application of choice-of-law rules
or principles.

     14.4ENTIRE AGREEMENT AND WAIVER. This Agreement and the Exhibits hereto
shall constitute the entire agreement between BOA and AP with respect to the
subject matter hereof and all prior agreements, representations, and statement
with respect to such subject matter are superseded hereby. In particular, this
Agreement supersedes and replaces the Certified OEM Partner Agreement dated the
31st of December, 1999 by and between Adaytum and OLAP @WORK, Inc. in that BOA
has acquired OLAP@WORK, Inc. and the parties desire to have one governing
document. This Agreement may be changed only by written agreement signed by both
BOA and AP. No failure of either party to exercise or enforce any of its rights
under this Agreement shall act as a waiver of subsequent breaches; and the
waiver of any breach shall not act as a waiver of subsequent breaches.

     14.5SEVERABILITY. In the event any provision of this Agreement is held by a
court or other tribunal of competent jurisdiction to be unenforceable, that
provision will be enforced to the maximum extent permissible under

<PAGE>

applicable law, and the other provisions of this Agreement will remain in full
force and effect.

     14.6HEADINGS.  The  headings  of the  sections  of  this  Agreement  are
for convenience and shall not by themselves determine the interpretation of this
Agreement.
     14.7COUNTERPARTS. This Agreement may be signed in counterparts, each of
which shall be deemed an original, but which together will constitute one and
the same instrument.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
by their authorized representatives.

BUSINESS OBJECTS AMERICAS ("BOA")          ADAYTUM SOFTWARE INC. ("AP")

By:  /s/ Jon Temple                        By: /s/ Michael H. Mehr
   ----------------------------------           --------------------------------
Name:    JON TEMPLE                        Name: Michael S. Mehr
     --------------------------------             ------------------------------
Title:   SR. VP AND GENERAL MANAGER        Title: VP - Finance & Administration
      -------------------------------            -------------------------------
Date:    JUNE 30, 2000                     Date: June 30, 2000
     --------------------------------           --------------------------------

                                  Page 8 of 13
<PAGE>

                         APPLICATION PROVIDER AGREEMENT
                                     BETWEEN
                            BUSINESS OBJECTS AMERICAS
                                       AND
                              ADAYTUM SOFTWARE INC.
                                   SCHEDULE 1

APPLICATION PROVIDER

Name:   Adaytum Software Inc.
     ------------------------------------------------
State of Incorporation:         Minnesota
                       ------------------------------

Address:    2051 Killebrew Drive, Suite 400
        --------------------------------------

        Bloomington, Minnesota  55425
        --------------------------------------

Telephone Number:  952-858-8585
                   ---------------------------

Fax Number:    952-858-8881
               -------------------------------

Web Site Address: adaytum.com
                  ----------------------------

CONTACTS (NAME & PHONE/EMAIL ADDRESS)

1.  Jeff Holker           Phone/Email:  612-876-6965  jholker@adaytum-msp.com
    ---------------------             ------------------------------------------
2.  Legal Department      Phone/Email: 952-858-8881 (FAX)
    ---------------------             ------------------------------------------

Territory:        WORLDWIDE
---------
================================================================================

                          APPLICATION PROVIDER PRODUCTS

E-Planning Solution

                                  Page 9 of 13
<PAGE>

                         APPLICATION PROVIDER AGREEMENT
                                     BETWEEN
                            BUSINESS OBJECTS AMERICAS
                                       AND
                              ADAYTUM SOFTWARE INC.

                                    EXHIBIT A
                                  BOA PRODUCTS
                           Business Objects Price List

***

***      Denotes confidential information that has been omitted from the
         exhibit and filed separately, accompanied by a confidential
         treatment request, with the Securities and Exchange Commission
         pursuant to Rule 406 of the Securities Act of 1933.

                                 Page 10 of 13
<PAGE>

                         APPLICATION PROVIDER AGREEMENT
                        BETWEEN BUSINESS OBJECTS AMERICAS
                                       AND
                              ADAYTUM SOFTWARE INC.

                                    EXHIBIT B

INITIAL DEVELOPMENT LICENSE(S)
AND SUPPORT/MAINTENANCE FEES

*** initial development licenses (software developers' kits/SDKs) are being
purchased with the Partner Starter Pack. Subsequent development licenses can
be purchased at a discount of *** off the then-current Price List for the
term of this Agreement. Support Fees on Development Licenses are based on
then-current Support Fees as a percentage of the BOA Price List License Fees,
for the applicable Support Level.

INITIAL DEMONSTRATION AND
SUPPORT LICENSE(S)

Business Objects will provide *** initial Demonstration Licenses (non-revenue
copies) of the BOA Products for sales demonstration purposes. Additional
copies can be purchased at a discount of *** off the then-current BOA Price
List for the term of this Agreement. Support Fees on Demonstration Licenses
are based on then-current Support Fees as a percentage of the BOA Price List
License Fees, for the applicable Support Level.

================================================================================

LICENSE AND SUBLICENSE FEES

Development License and Sublicense fees are calculated as a discount of the
then-current BOA Price List. During the first (1st) contract year of this
Agreement, AP shall receive the following discounts ***

Within thirty (30) days following the beginning of each subsequent year of
the Agreement, BOA shall review AP's revenue performance as it relates ***.
This performance will be used to determine AP's discounts for the
then-current year of the Agreement.

Adaytum agrees to pay BOA *** on or before July 27, 2000 for a one (1) time
ship-to-install base of *** WebIntelligence End User Bundles and *** copies
each of Supervisor and Designer. Upon receipt of payment, Business Objects
agrees to ship an additional *** seats of WebIntelligence End User Bundles to
Adaytum at ***. Licenses shipped to the install base and the *** licenses are
subject to maintenance/Support after Year One (1) in the event that Adaytum
or its end user customers wish to continue to receive maintenance and
Support, in accordance with the Business Objects Worldwide Customer Support
User's Guide. Subsequent licenses purchased during the term of this Agreement
are subject to the discount schedule referenced above in Exhibit B.

***      Denotes confidential information that has been omitted from the
         exhibit and filed separately, accompanied by a confidential
         treatment request, with the Securities and Exchange Commission
         pursuant to Rule 406 of the Securities Act of 1933.

                                 Page 11 of 13
<PAGE>

================================================================================
SUPPORT FEES

AP shall receive the following for the purchase of Support:
     ***

     ***

***      Denotes confidential information that has been omitted from the
         exhibit and filed separately, accompanied by a confidential
         treatment request, with the Securities and Exchange Commission
         pursuant to Rule 406 of the Securities Act of 1933.

                                 Page 12 of 13
<PAGE>

                         APPLICATION PROVIDER AGREEMENT
                        BETWEEN BUSINESS OBJECTS AMERICAS
                                       AND
                              ADAYTUM SOFTWARE INC.

                                    EXHIBIT C

                          YEAR 2000 COMPLIANCE ADDENDUM

1.   DEFINITIONS
         "Software" means BUSINESSOBJECTS version 4.1.4 and future versions
              thereto, and WebIntelligence version 2.01 and future versions
              thereto.
         "Year2000 Compliance Warranty" shall mean, collectively, the
              warranties set forth in Section 2.1 and 2.2 below:

2.   REPRESENTATIONS AND WARRANTIES

2.1 BUSINESS OBJECTS AMERICAS ("BOA") REPRESENTS AND WARRANTS THAT:
         (i)   No value for current date will cause any interruption in
               operation of the Software.
         (ii)  Date-based functionality behaves consistently for dates, up to
               the minute precision, prior to, during and after year 2000.
         (iii) The Software provides that in all interfaces and date storage,
               the century in any date is specified either explicitly or by
               unambiguous algorithms or inferencing rules.
         (iv)  Year 2000 is recognized as a leap year.

2.2 The Software will record, process, manage and present date data as presented
to it by the database, middleware or other software programs used in combination
with the Software, and as a result, the foregoing warranties are subject to the
limitations, if any, that are due to or may affect the databases, middleware and
any other third party software components not furnished by BOA which are used in
combination with the Software.

3. LIMITATION OF LIABILITY AND REMEDY. Licensee's sole remedy for breach of this
Year 2000 Compliance Warranty will be BOA's commercially reasonable efforts to
modify the Software, or at BOA's option, a refund of an amount equal to, for the
affected product, the license fee multiplied by a fraction, the numerator of
which is thirty six (36) minus the number of months that such product was used
by Licensee, and the denominator of which is thirty-six (36). BOA reserves the
right to implement corrections in the then current version of the Software only.

In any event, the total liability, if any, of BOA under this Year 2000
Compliance Addendum shall not exceed the fees paid for the Software upon which
the damages were based. In no event will BOA be liable for damages, including
lost profits, lost savings, or other incidental, special or consequential
damages arising out of Licensee's use of (or inability to use) the Software.

There shall be no liability on the part of BOA for any failure of the Software
to conform to the Year 2000 Compliance Warranty to the extent that any such
failure is attributable to a modification of the Software by Licensee or any
other causes excluded in this Agreement.

4. GENERAL. Except to the extent otherwise set forth herein, the terms of the
Software License Agreement shall remain in full force and effect.

                                 Page 13 of 13

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