Document:

EXHIBIT 10.11

                                CREDIT AGREEMENT

                            Dated as of June 26, 1996

                                      among

                            NATIONSBANK, N.A. (SOUTH)

                                       and

                           SUNTRUST BANK, MIAMI, N.A.

                                   ("Lender")

                                       and

                      POST, BUCKLEY, SCHUH & JERNIGAN, INC.

                                       and

                              THE PBSI CORPORATION

                                  ("Borrower")

                                       and

                        SEMINOLE DEVELOPMENT CORPORATION

                      POST, BUCKLEY, SCHUH & JERNIGAN, INC.
                      POST BUCKLEY, SCHUH & JERNIGAN, INC.
                              HOH ASSOCIATES, INC.
                        POST, BUCKLEY INTERNATIONAL, INC.
                        PBS&J CONSTRUCTION SERVICES, INC.
                            MEASUREMENT SCIENCE, INC.
                           SEMINOLE INVESTMENTS, INC.
                      POST, BUCKLEY, SCHUH & JERNIGAN, INC.
                POST, BUCKLEY, SCHUH & JERNIGAN, INC. OF ARIZONA
        POST, BUCKLEY INTERNATIONAL, INC. DEL ECUADOR COMPANIA LIMITADOR
               POST, BUCKLEY INTERNATIONAL, INC., LTD. (SWAZILAND)

                                 ("Guarantors")

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                                TABLE OF CONTENTS

                                                                            Page
                                                                            ----
ARTICLE I - DEFINITIONS AND ACCOUNTING TERMS

Section  1.01     Certain Defined Terms........................................1
Section  1.02     Accounting Terms.............................................5

ARTICLE  II - AMOUNTS AND TERMS OF ADVANCES

Section  2.01     Revolving Line of Credit.....................................5
Section  2.02     Letters of Credit............................................8
Section  2.03     Computation of Interest......................................8
Section  2.04     Payments.....................................................9
Section  2.05     Fees.........................................................9
Section  2.06     Prepayment...................................................9

ARTICLE  III - CONDITIONS OF LENDING

Section  3.01     Conditions Precedent to Lending..............................9
Section  3.02     Conditions Precedent to all Lending.........................10

ARTICLE  IV - REPRESENTATIONS AND WARRANTIES

Section  4.01     Representations and Warranties..............................11

ARTICLE  V - COVENANTS OF THE BORROWER

Section  5.01     Affirmative Covenants Other Than
                  Reporting Requirements......................................14
Section  5.02     Reporting Requirements......................................16
Section  5.03     Negative Covenants..........................................17
Section  5.04     Financial Covenants.........................................22

ARTICLE  VI - EVENTS OF DEFAULT

Section  6.01     Events of Default...........................................22
Section  6.02     Action if Event of Default..................................24

ARTICLE  VII - MISCELLANEOUS

Section  7.01     No Waiver; Cumulative Remedies..............................25
Section  7.02     Amendments..................................................25
Section  7.03     Notices.....................................................25
Section  7.04     Costs, Expenses and Taxes...................................25
Section  7.05     Right of Setoff.............................................26
Section  7.06     Further Assurances..........................................26
Section  7.07     Execution in Counterparts...................................26
Section  7.08     Binding Effect; Assignment..................................27

<PAGE>
                               TABLE OF CONTENTS
                                   (Continued)

Section 7.09      Governing Law...............................................27
Section 7.10      Severability................................................27
Section 7.11      Headings....................................................27
Section 7.12      Waiver of Trial by Jury.....................................27

EXHIBITS

Exhibit A.        Form of Revolver Note
Exhibit A-1.      Form of Revolver Note
Exhibit B.        Form of Guarantee
Exhibit C.        Form of Corporate Resolutions - Guarantor
Exhibit D.        Form of Corporate Resolutions and Incumbency and
                  Signature Certificate Borrower
Exhibit E.        Form of Borrower's Counsel's opinion
Exhibit F.        Form of Officer's Certificate
Exhibit G.        Form of Subordination Agreement
Exhibit H.        Form of "Bring Down" certificate

SCHEDULE

Schedule 1.       List of Subsidiaries

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         NATIONSBANK, N.A. (SOUTH), ("NationsBank") and SUNTRUST BANK, MIAMI,
N.A. ("SunTrust"), both national banking associations (individually and
collectively the "Lender"); POST, BUCKLEY, SCHUH & JERNIGAN, INC., a Florida
corporation, and THE PBSJ Corporation, a Florida corporation ("PBSJ") (jointly
and severally; individually and collectively the "Borrower") ; and SEMINOLE
DEVELOPMENT CORPORATION, a Florida corporation ("Seminole"); POST, BUCKLEY,
SCHUH & JERNIGAN, INC., a California corporation; POST, BUCKLEY, SCHUH &
JERNIGAN, INC., a Nevada corporation; HOH ASSOCIATES, INC., a Florida
corporation; POST, BUCKLEY INTERNATIONAL, INC., a Florida corporation; PBS&J
CONSTRUCTION SERVICES, INC., a Florida corporation; MEASUREMENT SCIENCE, INC.,
a Virginia corporation; SEMINOLE INVESTMENTS, INC., a California corporation;
POST, BUCKLEY, SCHUH & JERNIGAN, INC., a Texas corporation; POST, BUCKLEY, SCHUH
& JERNIGAN, INC. OF ARIZONA, an Arizona corporation; POST, BUCKLEY
INTERNATIONAL, INC. DEL ECUADOR COMPANIA LIMITADOR, an Ecuadorian corporation;
POST, BUCKLEY INTERNATIONAL, INC., LTD. (SWAZILAND), a Swaziland corporation
(jointly and severally; collectively, the "Guarantors"), agree as follows:

                                    ARTICLE I

                        DEFINITIONS AND ACCOUNTING TERMS

         Section 1.01. Certain Defined Terms. As used in this Agreement, the
following terms shall have the following meanings (such meanings to be equally
applicable to both the singular and plural forms of the terms defined):

         "Agreement" means this Credit Agreement, and all amendments thereto.

         "Advance" means an extension of credit by a Lender to the Borrower
pursuant to Section 2.01(a) of this Agreement.

         "Affiliate" means any person, corporation, association or other
business entity which controls, or is controlled by, or is under common control
with the Borrower or a Subsidiary.

         "Borrowing" has the meaning assigned to ;it in Section 2.01(a) of this
Agreement.

         "Business Day" means any day of the year on which commercial banks in
the City of Miami are open for the conduct of normal business.

         "Default Rate" means a rate equal at all times to the sum of the Prime
Rate (as hereinafter defined) and five percent (5%) per annum.

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         "EBITDA" means the Borrower's Net Income before deductions for
interest expense, income taxes, depreciation and amortization.

         "EBITL" means the Borrower's Net Income before deductions for interest
expense, income taxes and lease expense.

         "ERISA" means the Employment Retirement Income Security Act of 1974, as
amended, and all related provisions of the Internal Revenue Code of 1954, as
amended, together with all applicable rulings and regulations issued under the
provisions of either of them.

         "Effective Date" means the first day in any Interest Period (as such
term is defined in Section 2.01(c) of this Agreement).

         "Events of Default" has the meaning assigned to that term in Section
7.01 of this Agreement.

         "Fixed Advance" means an Advance at an interest rate which is fixed
during an Interest Period.

         "Fixed Charge Coverage" means EBITL, divided by interest expense plus
lease expense.

         "Fluctuating Advance" means an Advance at an interest rate which
changes with changes in the Prime Rate or in the LIBOR. "Funded Debt"' means all
obligations for money borrowed, whether or not evidenced by notes, bonds,
debentures or other similar instruments, and all obligations under conditional
sale or other title retention agreements or capitalized leases and all
obligations issued or assumed as full or partial payment for property, whether
or not secured by a purchase money mortgage, but shall not include accounts
payable, accrued expenses and taxes payable.

         "Generally Accepted Accounting Principles" mean generally accepted
accounting principles as applied in the United States and in effect from time to
time, consistently applied.

         "Guarantee" means the irrevocable and unconditional guarantee in
favor of the Lender from the Guarantors.

         "Guarantors" shall have the meaning assigned to said term in the
introduction to this Agreement and shall also include each Subsidiary of the
Borrowers which is created after the date hereof.

         "Indebtedness" means (without duplication) (I) all liabilities or other
obligations of such corporation for borrowed

                                      -2-
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money or for the unpaid portion of the purchase price off property or services;
(ii) all liabilities or other obligations of any other Person for borrowed money
or for the unpaid portion of the purchase price of property or services the
payment or collection of which such corporation has guaranteed (except by reason
of endorsement for collection in the ordinary course of business) or in respect
of which such corporation is liable, contingently or otherwise, including,
without limitation, liable by way of agreement or purchase, to provide funds for
payment, to supply funds to or otherwise to invest in such other Person, or
otherwise to assure a creditor against loss; (iii) all liabilities or other
obligations of any other Person for borrowed money or for the unpaid portion of
the purchase price of property or services secured by (or for which the holder
of such indebtedness has an existing right, contingent or otherwise, to be
secured by) any mortgage, deed of trust, pledge, lien, security interest or
other charge or encumbrance upon or in property (including, without limitation,
accounts, as such term is defined under the Florida Uniform Commercial Code),
owned by such corporation, whether or not such corporation has assumed or become
liable for the payment of such indebtedness or obligations; (iv) capitalized
lease obligations of such corporation; (v) unfunded vested benefits under each
plan maintained for employees of such Person and covered by Title IV of ERISA;
and (vi) all liability or other obligation of such corporation, whether
contingent or absolute, matured or unmatured, arising under or in connection
with the drafting under any letter of credit.

         "Investment" shall, when used with the reference to any investment of
any Person, mean any loan or advance made by it to any other Person, any
guarantee or other Indebtedness on the part of such Person in respect of any
capital stock, Indebtedness or other obligations or liabilities of any other
Persons and any other investment made by such Person in any other Person,
including, without limitation, any investment (however acquired) in stock or
other ownership interest in any other Person, and the outstanding amount of any
Investment in any other Person shall be considered to be the original amount
thereof less 'returns of principal or Capital thereof (and without adjustment by
reason of the financial condition of such other Person).

         "LIBOR" shall mean an interest rate per annum equal to the London
Interbank Offered Rates for 30, 90 or 180 day periods as published each business
day in the money rate section of The Wall Street Journal (or N.Y. Times in the
event The Wall Street Journal no longer exists or ceases to publish LIBOR rates)
without adjustment by Lender.

         "LIBOR Loan" shall have the meaning ascribed to such term in Section
2.01(c) of this Agreement.

         "Line" means collectively the NationsBank Line and the SunTrust Line.

                                      -3-
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         "Letter of Credit" shall have the meaning ascribed to such term in
Section 2.02 of this Agreement. "Loan Documents" mean the Note, the Agreement,
the Guarantees, and the Subordination Agreements.

         "Maximum Rate" means a rate equal at all times to the highest lending
rate permitted under Florida or Federal law whichever is higher or unlimited.

         "Net Income" means after tax income determined in accordance with
Generally Accepted Accounting Principles consistently applied.

         "Note" means each Revolver Note to be delivered by Borrower to each
Lender.

         "Person" means an individual, corporation, partnership, joint venture,
trust, or unincorporated organization, and any government or any agency or
political subdivision thereof.

         "Prime Rate" means that rate of interest determined and quoted by the
Lender from time to time as a means of pricing some loans to its customers and
is neither tied to any external rate of interest or index nor does it
necessarily reflect the lowest rate of interest actually charged by the Lender
to any particular class or category of the Lender's customers.

         "Subordinated Debt" shall mean all indebtedness of the Borrower or any
Guarantor to any (I) Affiliate; (ii) Subsidiary; (iii) Guarantor; (iv)
Stockholder of Borrower; (v) Stockholder of (I), (ii) or (iii); provided,
however, Subordinated Debt shall not include indebtedness incurred by the
Borrower solely in connection with the repurchase of PBSJ capital stock from
employees or former employees of Borrower; provided further, however,
Subordinated Debt shall not include indebtedness incurred by the Borrower in
connection with lease payments made by Borrower to Seminole in the ordinary
course of business and not to exceed fair market rental value for the lease by
Borrower of office and warehouse facilities owned by Seminole; or (vi) third
party to the extent such indebtedness is permitted under Section 5.03(a)(viii)
of this Agreement. "Subordination Agreements" mean agreements for the
subordination of indebtedness of the Borrower or any Subsidiary to the prior
payment of the Indebtedness on terms approved in writing by the Lender prior to
the date hereof or to the operation thereof and for the subordination of
indebtedness which is permitted under Section 5.03(a)(iii) through (ix) of this
Agreement.

         "Subsidiary" means any other corporation more than 50% of the
outstanding shares of capital stock of which having ordinary voting power for
the election of directors is owned directly or indirectly by Borrower.

                                      -4-
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         "Tangible Net Worth" means the aggregate amount of consolidated assets
shown on the consolidated balance sheet of PBSJ and its subsidiaries at any
particular date (but excluding from such assets, capitalized organization and
development costs, capitalized interest, debt discount and expenses, goodwill,
patents, trademarks, copyrights, franchises, licenses, amounts due from
officers, employees, directors, stockholders and affiliates, and such other
assets as are properly classified "intangible assets" under Generally Accepted
Accounting Principles) less consolidated liabilities at such date, including
drafts outstanding under letters of credit all computed in accordance with
Generally Accepted Accounting Principles applied on a consistent basis.

         "Telegram" means any message transmitted by radio, teletype, cable, any
mechanical method of transmission or the like.

         "Termination Date", has the meaning assigned to that term in Section
2.01(a) of this Agreement.

         Section 1.02. Accounting Terms. All accounting terms not specifically
defined herein shall be construed in accordance with Generally Accepted
Accounting Principles consistent with those applied in the preparation of the
consolidated financial statements referred to in Section 5.01(d) and all
consolidated financial data submitted pursuant to this Agreement shall be
prepared in accordance with such principles.

                                   ARTICLE 11
                          AMOUNTS AND TERMS OF ADVANCES

         Section 2. The Lender agrees, on the terms and conditions hereinafter
set forth, to make the following loans to the Borrower:

         Section 2.01. Revolving Line of Credit.

                  (a) Amount. (I) NationsBank agrees to make advances
("Advances") to the Borrower from time to time during the period from the date
hereof to and including June 30, 1999 (the "Maturity Date") or the earlier date
of termination under Section G.02 (such earlier date being the "Termination
Date") in an aggregate amount not to exceed at anytime and from time to time
outstanding the principal amount of Seven Million Dollars (U.S. $7,000,000.00)
("NationsBank Line"). Within the limits of the NationsBank Line, the Borrower
may borrow (a "Borrowing"), repay,, and reborrow under this Section 2.01;
provided, no Event of Default has occurred and is continuing and the outstanding
balance under the NationsBank Line never exceeds $7,000,000.00.

                                      -5-
<PAGE>

                           (ii) SunTrust agrees to make Advances to the Borrower
from time to time during the period from the date hereof to and including the
earlier of the maturity Date or the Termination Date in an aggregate amount
not to exceed at any time and from time to time outstanding the principal sum of
Five Million Dollars ($5,000,000.00) ("SunTrust Line"). Within the limits of the
SunTrust Line, the Borrower may borrow, repay and reborrow under this Section
2.01 provided no Event of Default has occurred and is continuing and the
outstanding balance under the SunTrust Line never exceeds $5,000,000.00.

                           (iii) in the event for any reason the Advances
outstanding at any time exceed the aggregate amount permitted in this Section
2.01, the Borrower shall pay cash to the Lender in such amount as is necessary
to reduce the outstanding principal balance of the Advances to the aggregate
amount permitted hereunder.

                  (b) The Revolver Note. All Advances made by the Lender under
the NationsBank Line and the SunTrust Line, respectively, shall be evidenced
by two (2) promissory notes in substantially the forms attached hereto as
Exhibit A and Exhibit A-1 ("Revolver Notes").

                  (c) Interest. The Borrower agrees to pay interest on that
portion of the outstanding principal amount of the Revolver Note maintained from
time to time as a (x) Fluctuating Advance equal at all times, at Borrower's
option, to (I) the Lender's Prime Rate minus one percent (1.0%) ("Prime Rate
Option"); (ii) the LIBOR for 30 day periods, adjusted daily, plus.-seventy-five
(75) basis points ("LIBOR Floating Option"), or (y) Fixed Advance equal to the
LIBOR plus seventy-five (75) basis points ("LIBOR Fixed Option"), which shall be
quoted for a 30, 90 or 180 day term. If Borrower selects the LIBOR Fixed Option,
it shall simultaneously advise the Lender whether such selection is for a thirty
(30), ninety (90) or one hundred eighty (180) day period (defined herein as the
"Interest Period"), and the applicable interest rate for the LIBOR Fixed Option
shall remain effective for the Interest Period. Not later than 10:00 a.m. two
(2) Business Days prior to commencement of any Interest Period as to which the
LIBOR Fixed Option is intended to apply, Borrower shall give telephone
instructions to the Lender (confirmed in writing) of its elected interest rate
option for the next Interest Period. The failure of the Borrower to give such
instructions shall conclusively be presumed to be an election by Borrower to
select the Prime Rate option.

                  If Borrower has selected the Prime Rate Option, then Borrower
may elect, at any time, to change the interest rate option by telephone notice
(confirmed in writing) to the Lender no later than 10:00 a.m. on the date the
changed interest rate is to become effective. In the event that the LIBOR is not
determinable, then the Prime Rate Option shall apply.

                                      -6-
<PAGE>

                  In the event Borrower has selected the LIBOR Fixed Option with
respect to any Interest Period, such selection shall be subject to the following
terms and provisions:

                           (I) If, at any time, the Lender shall have determined
(which determination shall be final and conclusive and binding on the parties
hereto), that, as a result of any change in any applicable law or governmental
(federal, state or local, domestic or foreign) rule, regulation or order or any
interpretation thereof (including, without limitation, the introduction of any
new or revised law or governmental rule, regulation or order) or its compliance
with any directive or request of any central bank or other governmental
authority (whether or not having the force of law), the cost to such Lender (s)
of making, funding or maintaining the portion of the Loans which then is subject
to one or more LIBOR Fixed Options (a "LIBOR Loan" or "LIBOR Loans") has
increased from its cost at the time of the commencement of the relevant Interest
Period, then the Lender shall promptly so notify Borrower and give Borrower
reasonably sufficient detail as to the reason for the increased costs as well
as an accounting as to the amount of any claimed increases) in cost; and
Borrower shall pay to the Lender, an amount sufficient to reimburse such Lender
for such increased cost.

                           (ii) In the event the Lender shall have determined
(which determination shall be binding and conclusive on Borrower) that, by
reason of circumstances affecting the relevant markets for the LIBOR Floating
Option or the LIBOR Fixed Option, adequate and reasonable means do not exist for
determining and/or calculating the rate applicable to the LIBOR Floating-option
or the LIBOR Fixed Option with respect to (a) the continuation of the LIBOR
Floating Option or the LIBOR Fixed Option then in existence pursuant to a prior
request of Borrower, or (b) any request by Borrower to change the Prime Rate
Option then in existence to a LIBOR Floating Option or the LIBOR Fixed Option,
the Lender shall promptly notify Borrower by telephone (confirmed in writing) of
such determination. Upon receipt of such notice, the Prime Rate Option shall be
in effect until the Lender notifies Borrower that it may resume selection of the
LIBOR Fixed Option or LIBOR Floating Option.

                  In any case where Borrower may select an interest rate option
but fails or neglects to do so, then the Prime Rate Option shall apply. Any
changes in the interest rate herein set forth which are due to changes in the
Prime Rate shall take effect on the date of the changes in the Prime Rate.

                  Following the occurrence of a monetary Event of Default or an
Event of Default under Section 6.02 of this Agreement which has not been cured
to the satisfaction of the respective Lender for whom the Event of Default
applies and until such cure of an Event of Default, unless otherwise waived by
Lender, the principal balance outstanding shall bear interest at the Default
Rate.

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<PAGE>

                  The last day in the interest Period (when considered with
respect to the Effective Date) shall be a Business Day; if not, such last day
shall be changed to the immediately-preceding Business Day. Interest accrued on
the indebtedness evidenced by the Revolver Note prior to maturity shall be
payable monthly in arrears on the first day of each month commencing August 1,
1996; provided, however, all interest accrued on LIBOR Fixed Loans shall be due
and payable at the conclusion of the relevant Interest Period for each LIBOR
Fixed Option.

                  (d) Making the Advance. Each Advance shall be made upon notice
from the Borrower to the Lender at the Lender's Office specifying the date and
amount of the Advance. Upon the fulfillment of the applicable conditions set
forth in Article IV hereof, the Lender will make such funds available to the
Borrower at the Lender's office at the address specified under Section 7.03
under this Agreement.

                  (e) Repayment of Advances. All outstanding Advances evidenced
by the Revolver Note shall be repaid on the earlier of (I) the date of demand if
an Event of Default has occurred; or (ii) the Maturity Date.

                  (f) Use of Line Proceeds. The Line loan proceeds shall be used
by the Borrower for general corporate purposes.

         Section 2.02. Letters of Credit.

                  (a) The Lender may, from time to time, up to and including
June 29, 1999 open letters of Credit (an "Opening") for the account of the
Borrower (each, a "Letter of Credit" and collectively, "Letters of Credit");
provided, however, that no Letter of Credit shall have an expiry date
subsequent to the Maturity Date unless otherwise agreed to by the Lenders. The
form and substance of each Letter of Credit shall be subject to approval by
Lender in its sole discretion. The aggregate undrawn amount of all outstanding
Letters of Credit shall not at any time exceed Three Million Dollars
($3,000,000.00). The Lender who has opened a Letter of Credit for the account of
the Borrower shall notify the other Lender of such action. At the time any draft
(the "Draft") is paid by the Lender, the full amount of such Draft shall be
immediately due and payable by the Borrower, together with interest thereon,
from the date such amount is paid by the Lender to the date such amount is fully
repaid by Borrower. In the event the Lender agrees to accept a Draft the
Borrower agrees to pay interest on the full amount thereof at the rate agreed
upon before the acceptance was created.

         Section 2.03. Computation of Interest. All computations of interest
hereunder or under the Note shall be made by the Lender on the basis of an
assumed year of 360 days for the actual number of days elapsed not to exceed,
however, the Maximum Rate. Interest

                                      -8-
<PAGE>

shall accrue on the date an Advance is made by Lender but not on the date that
repayment is received by Lender provided that such funds are received not later
than 2:00 p.m. on any Business Day.

         Should any interest or other charges paid by the Borrower, howsoever
characterized or computed, after taking into account any commitment fee or other
charges which may be deemed in the nature of interest, result in the computation
or earning of interest in excess of the Maximum Rate, then any and all of such
excess shall be and the same is hereby waived as interest by the Lender and
shall be automatically credited against, and in reduction of, the principal
amounts owing to the Lender in the inverse order of their maturities.

         Section 2.04. Payments. All payments of principal and interest
hereunder or under the Note shall be made at the Lender's Office in immediately
available funds. Whenever any payment to be made hereunder or under the Note
shall be stated to be due on a day which is not a Business Day, such payment
shall be made on the next succeeding Business Day and such extension of time
shall in such case be included in the computation of payment of interest
hereunder or under the Note.

         Section 2.05. Fees. In consideration of the Lender's agreeing to
establish the Line the Borrower agrees to pay to each Lender an annual fee
payable quarterly in advance equal to seventeen and one-half (17.5) basis points
of the amount of the NationsBank Line or the. SunTrust Line, as the case maybe.
The annual fee for 1996 shall be payable on the date this Agreement is signed by
the Borrower and the Lender. Thereafter, the annual fee shall be due and payable
quarterly in advance on the first day of each July, October, January and April
of 1997, 1998 and 1999.

         Section 2.06. Prepayment. The Borrower shall be permitted to make
prepayments of principal on any Fluctuating Advance. The Borrower shall not be
permitted to make prepayments of any principal amounts outstanding prior to the
expiration of the applicable interest Period with respect to any Fixed Advance.

                                   ARTICLE III
                              CONDITIONS OF LENDING

         Section 3.01. Condition Precedent to Lending. The obligation of the
Lender to make its initial Advance is subject to the condition precedent that
the Lender shall have received for the account of the Lender, on or before the
day of the initial Borrowing, funding or Opening, all of the following, each
dated the day of the initial Borrowing, funding or issuance, in form and
substance satisfactory to the Lender:

                  (a) The Revolver Note;

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<PAGE>

                  (b) The Guarantees in substantially the form of Exhibit B
attached hereto and a certified copy of the resolutions of the Board of
Directors of each of the Guarantors evidencing approval of the Guarantees in
substantially the form of Exhibit C attached hereto;

                  (c) A certified copy of the resolutions of the Board of
Directors of the Borrower, in substantially the form attached hereto as Exhibit
D, evidencing approval of this Agreement and the other Loan Documents and other
matters contemplated hereby, and all documents evidencing other necessary
corporate action and governmental approvals, if any, with respect to this
Agreement and the Loan Documents including, but not limited to, a certificate of
"good standing" (or its equivalent), certified copies of the articles of
incorporation and true and correct copies of the bylaws;

                  (d) A favorable opinion of Counsel for Borrower, in
substantially the form attached hereto as Exhibit E, as to the due execution and
delivery by the Borrower of this Agreement and the other Loan Documents and as
to such other matters as the Lender may reasonably request;

                  (e) A signed copy of a certificate of the Secretary or an
Assistant Secretary of the Borrower, in substantially the form attached hereto
as Exhibit F who shall certify the names of the officers of the Borrower
authorized to sign this Agreement and the other Loan Documents and the other
documents or certificates to be delivered Pursuant to this Agreement by the
Borrower or any of its officers, together with the true signatures of such
officers (Lender may conclusively rely on such certificate until it shall'
receive a further certificate of the Secretary or an Assistant Secretary of the
Borrower canceling or amending the prior certificate and submitting the
signatures of the officers named in such further certificate];

                  (f) A certified copy of the written approval and consent of
the holders, if any, of any obligations of the Borrower which must consent to
this Agreement and the Borrowings hereunder; and

                  (g) A Subordination Agreement, in substantially the form
attached hereto as Exhibit G, to be signed by each holder of debt of the
Borrower other than Lender, if any, or unless waived by Lender.

         Section 3.02. Conditions Precedent to all Lending. The obligation of
the Lender to (I) make an Advance on the occasion of each Borrowing (including
the initial Borrowing); and (ii) to open the Letter of Credit shall be subject
to the further conditions precedent that on the date of such Borrowing or
Opening the following statements shall be a true and correct and the Lender
shall have received for the account of the Lender, as soon as possible and in
any event within thirty (30) days after the end of each

                                      -10-
<PAGE>

quarter of each fiscal year of Borrower, a certificate, in substan- tially the
form attached hereto as Exhibit H, signed by the President, Vice President or
by any other duly authorized officer of the Borrower, solely in such corporate
capacity, stating that, based on an examination which in the opinion of the
signer is sufficient to enable him to make an informed statement, to the best of
his knowledge:

                           (I) The representations and warranties contained in
         Section 4.01 are correct on and as of the date of each Borrowing or
         open- ing as though made on and as of such date except to the extent
         that such representations and warranties specifically relate to an
         earlier date or are affected by the transaction contemplated under this
         Agreement; and

                           (ii) No event has occurred and is continuing or would
         result from such Borrowing or Opening, which constitutes an Event of
         Default or would constitute an Event of Default but for the
         requirement that notice be given or time elapse or both.

                                   ARTICLE IV
                         REPRESENTATIONS AND WARRANTIES

         Section 4.01 Representations and Warranties. Each of the Borrower and
the Guarantors represents and warrants to the Lender as follows:

                  (a) Organization. Borrower and each Guarantor is a corporation
duly incorporated, validly existing, and in "good standing" (or its equivalent)
under the laws of the jurisdiction indicated at the beginning of this Agreement;
is duly qualified as a foreign corporation in all jurisdictions in which its
present operations or properties require such qualification; and has all
requisite power and authority, corporate or otherwise, to conduct its business,
to own its properties, and to execute and deliver and to perform all of its
obligations under the Loan Documents.

                  (b) Due Authorization. The execution, delivery and performance
by the Borrower and the Guarantors of the Loan Documents have been authorized by
all necessary corporate action and do not and will not contravene any legal or
contractual restriction binding on the Borrower and the Guarantors or any of
their properties.

                  (c) Validity. This Agreement constitutes, and each of the
other Loan Documents (including the Guarantees) when

                                      -11-
<PAGE>

executed and delivered hereunder will constitute, the legal, valid and binding
obligations of the Borrower and the Guarantors, as the case may be, enforceable
against the Borrower and the Guarantors in accordance with their terms, subject
only to bankruptcy, insolvency, reorganization, moratorium or similar laws at
the time in effect affecting the enforceability of rights of creditors in
general.

                  (d) Financial Information. The drafts of the consolidated
balance sheet of the Borrower, the Guarantors and their Affiliates as at March
31, 1996 and the consolidated statement of income and cash flow of the Borrower,
the Guarantors and their Affiliates for the six (6) months then ended, prepared
by Borrower copies of which have been furnished to the Lender, fairly present
the financial position of the Borrower as at such date and the results of the
operations of the Borrower, the Guarantors and their Affiliates for the six (6)
month period ended on such date, all in accordance with Generally Accepted
Accounting Principles applied consistently throughout the periods involved and
since March 31, 1996 there has been no material adverse change in such position.

                  (e) Litigation. There are no actions, arbitrations or
governmental investigations, inquiries or proceedings, including RICO claims,
pending or, to the knowledge of the Borrower or the Guarantors, threatened
against the Borrower or the Guarantors or their properties before any court or
governmental instrumentality, which, it determined adversely to the Borrower or
the Guarantors, would have a material adverse effect on the financial position,
properties, or operations of the Borrower and the Guarantors taken as a whole.

                  (f) Subsidiaries. Set forth on Schedule I hereto is a complete
and accurate list of the Subsidiaries of Borrower, if any, showing as of the
date hereof (as to each such Subsidiary) the jurisdiction of each incorporation,
the number of shares of each class of capital stock authorized, and the number
outstanding on the date hereof, and the percentage of the outstanding shares of
each such class owned (directly or indirectly) by the Borrower a and the number
of shares covered by all outstanding options, warrants, rights of conversion or
purchase, and similar rights at the date hereof. All of the outstanding capital
stock of all Subsidiaries of Borrower, if any, have been validly issued, are
fully paid and nonassessable and are owned by the Borrower or one or more of the
Subsidiaries free and clear of all mortgages, deeds of trust, pledges, liens,
security interests and other charges or encumbrances. Each of the Subsidiaries
is duly incorporated, validly existing and in "good standing" (or its
equivalent) under the laws of the jurisdiction of its incorporation and each is
duly qualified as a foreign corporation in all jurisdictions in which its
present operations or properties require such qualification.

                                      -12-
<PAGE>

                  (g) Securities. No proceeds of any Advance will be used to
acquire any security in any transaction which is subject to Sections 13 and 14
of the Securities Exchange Act of 1934.

                  (h) Regulation U. The Borrower is not engaged in the business
of obtaining credit for the purpose of purchasing or carrying margin stock
(within the meaning of Regulation U issued by the Board of Governors of the
Federal Reserve System) , and no proceeds of any loan hereunder will be used to
purchase or carry any margin stock or to extend credit to any other Person for
the purpose of purchasing or carrying any margin stock.

                  (I) Taxes. Each of the Borrower and the Guarantors represents
that (I) it has filed all tax returns required by law; (ii) all filed tax
returns accurately reported its liabilities; (iii) all reported tax liabilities
have been paid (unless they are being contested in good faith and by appropriate
proceedings) ; and (iv) no Internal Revenue Service or Florida Department of
Revenue (or similar taxing authorities or agencies from other states)
examinations are pending or expected.

                  (j) Insolvency. Each of the Borrower and, on a consolidated
basis, the Guarantors: (I) is not and, following the execution and delivery of
this Agreement and the Guarantees, will not be "insolvent" as such term is
defined in Section 101 of the Bankruptcy Reform Act of 1978, as amended (the
"Act"); (ii) does not have and, following the execution and delivery of this
Agreement and the Guarantees, will not be left with, an "unreasonably small
capital" within the meaning of Section 548 of the Act; and (iii) in entering
into and carrying out its obligations under this Agreement and the Guarantees,
does not intend to hinder, delay or defraud any Person to which it is or may
become indebted, and does not intend to incur, or does not believe that it would
incur, debts beyond its ability to pay as such debts mature within the meaning
of said Section 548.

                  (k) Accuracy of Information. All factual information
heretofore or contemporaneously furnished by or on behalf of the Borrower and
the Guarantors to the Lender for the purposes of or in connection with this
Agreement or any transactions contemplated hereby is, and all other such
factual information hereafter furnished by or on behalf of the Borrower and the
Guarantors to the Lender will be, true and accurate in every material respect on
the date as of which such information is dated or certified and not incomplete
by omitting to state any material fact necessary to make such information not
misleading.

                  (l) Enforceability. Borrower is not aware of any matter which
would render unenforceable, in whole or in part, any of the Loan Documents.

                                      -13-
<PAGE>

                  (m) Laws. To the best of its knowledge, Borrower is in
material compliance with all applicable laws, rules, regulations and orders
relating to the conduct of its business, including those pertaining to hazardous
waste and materials and other environmental laws.

                                    ARTICLE V
                    COVENANTS OF THE BORROWER AND GUARANTORS

         Section 5.01. Affirmative Covenants Other Than Reporting Requirements.
So long as any Indebtedness evidenced by the Note shall remain unpaid, the
Borrower, each Guarantor and each Subsidiary of the Borrower or each Guarantor
will, unless the Lender shall otherwise consent in writing:

                  (a) Payment of Taxes and Other Charges. Pay and discharge all
taxes, assessments and governmental charges or levies imposed upon it or upon
its income or profits, or upon any properties belonging to it, prior to the date
on which penalties attach thereto, and all lawful claims which, if unpaid, might
become a lien or charge upon any properties of the Borrower, provided that the
Borrower or such Subsidiary shall not be required to pay any such-tax,
assessment, charge, levy or claim which is being contested in good faith and by
appropriate proceedings and for which adequate reserves have been established on
its books.

                  (b) Compliance with Laws. Comply in all material respects with
all applicable laws, rules, regulations and orders relating to the conduct of
its business.

                  (c) Maintenance of Insurance. Maintain insurance with
responsible and reputable insurance companies or associations and contain a
cancellation clause providing not less than thirty (30) days prior written
notice to Lender, in such amounts and covering such risks, including, but not
limited to, comprehensive general liability in an amount not less than Five
Million Dollars ($5,000,000.00) flood, hazard, fire and professional errors and
omissions insurance, as is usually carried by companies engaged in similar
businesses and owning similar properties in the same general areas in which the
Borrower, the Guarantors or their Subsidiaries, if any, operate; provided,
however, the Borrower shall maintain comprehensive general and professional
liability insurance for Construction Services in an amount not less than
$1,000,000.

                  (d) Preservation of Corporate Existence. Preserve and maintain
its corporate existence, rights, franchises and privileges and remain
qualified, as a foreign corporation, in each jurisdiction in which such
qualification is necessary or desirable

                                      -14-
<PAGE>

in view of its business and operations or the ownership of its properties.

                  (e) Keeping of Records and Books of Account. Keep adequate
records and books of account reflecting all of its business affairs and
transactions in accordance with Generally Accepted Accounting Principles
consistently applied and permit the Lender (by any of its officers, employees
and/or agents) to inspect, audit and make extracts from all of the Borrower's
records, files and books of account, and to enter and inspect the Borrower's
offices during normal business hours upon reasonable notice to Borrower. The
Borrower shall deliver any document or instrument necessary to the Lender to
obtain records from any service bureau maintaining records for the Borrower. All
reasonable out-of-pocket costs, fees and expenses incurred by the Lender
(other than salaries paid to the Lender's employees), or for which the Lender
has become obligated, in connection with such inspection and/or verification
shall be payable by the Borrower to the Lender. The Lender agrees to hold in
confidence the Borrower's proprietary information obtained pursuant to this
Agreement and shall not disclose the same to any third party except (I) as
required by law or by judicial or administrative process or to appropriate
regulatory authorities or as such information is or becomes public knowledge
other than by virtue of the Lender's disclosure; and (ii) to the extent that the
Lender, in its sole discretion, needs to disclose such information to agents or
professionals it retains to recover the obligations arising hereunder from the
Borrower.

                  (f) Maintenance of Tangible Net Worth. Maintain, on a
quarterly basis, a minimum Tangible Net Worth greater than or equal to the
Tangible Net Worth of Borrower at September 30, 1995, with an annual increase in
Tangible Net Worth throughout the balance of the Term equal to fifty percent
(50%) of Borrower's Net Income for the fiscal year ended September 30, 1996 and
for each succeeding fiscal year end during and throughout the entire term of
this Agreement.

                  (g) Performance and Compliance with Other Agreements.
Perform all the obligations to be performed pursuant to the terms of each
material indenture, agreement, contract and other instrument by which it is
bound, unless the same shall be contested in good faith by appropriate
proceedings by the Borrower or where performance thereof is prevented through no
fault of the Borrower.

                  (h) Maintenance Free from Security Interests. Maintain the
Borrower's assets free and clear of all security interests and liens whatsoever
(except the security interest's in favor of the Lender, if any, and as otherwise
permitted 'or contemplated under this Agreement).

                  (I) Fixed Charge Coverage Ratio. Maintain, on a quarterly
basis, beginning September 30, 1996, for the Borrower's

                                      -15-
<PAGE>

previous four (4) quarters taken as a whole, a Fixed Charge Coverage Ratio of
not less than 1.3 to 1.0 during and throughout the entire term of this
Agreement.

                  (j) Funded Debt Ratio. Maintain, on a quarterly basis, a ratio
of Funded Debt to EBITDA not greater than 2.50 to 1.0 computed on a four (4)
quarter rolling basis during and throughout the entire term of this Agreement.

         Section 5.02. Reporting Requirements. So long as any indebtedness
evidenced by the Note shall remain unpaid, the Borrower, the Guarantors and
their Subsidiaries will, as the case may be, unless the Lender shall otherwise
consent in writing, furnish to the Lender:

                  (a) As soon as available and in any event within one hundred
twenty (120) days after the end of each fiscal year of the Borrower and the
Guarantors, Borrower shall provide to Lender a consolidated audited financial
statement and consolidating unaudited financial statement, all such financial
statements to be prepared in conformity with Generally Accepted Accounting
Principles. The audited financial statements shall be prepared by Coopers &
Lybrand or other independent public accountants of recognized standing selected
by Borrower but reasonably acceptable to the Lender together with a certificate
of such accounting firm stating that in the course of the regular audit of the
business of the Borrower said firm has obtained no knowledge that an Event of
Default or an event which, with the giving of notice or lapse of time or both,
would constitute an Event of Default, has occurred and is continuing or if, in
the opinion of such firm, an Event of Default or an event which, with notice or
lapse of time or both, would constitute an Event of Default has occurred and is
continuing, a statement as to the nature thereof.

                  (b) As soon as possible and in any event within forty-five
(45) days after the end of each quarter of each fiscal year of the Borrower and
the Guarantors, an unaudited consolidated financial statement as of the end of
such quarter attested to by the Chief Financial Officer of the Borrower and the
Guarantors with respect to the accuracy and completeness of the aforesaid
financial information and accompanied by a certificate of the Chief Financial
Officer stating that he has no knowledge that an Event of Default or an event
which, with notice or lapse of time or both, would constitute an Event of
Default has occurred and is continuing;

                  (c) As soon as possible and in any event within twenty (20)
days after the end of each month of each fiscal year' of the Borrower, a
detailed summary and analysis of aging of Accounts;

                  (d) As soon as possible and in any event within forty-five
(45) days after the end of each quarter of each fiscal

                                      -16-
<PAGE>

year of the Borrower, a backlog report as customarily prepared by Borrower;

                  (e) Promptly after the filing or receiving thereof, copies of
all reports and notices which the Borrower files, or after the occurrence of a
reportable event as defined or any other event or condition which might
constitute grounds for the termination of, or for the appointment of a trustee
to administer, any plan under ERISA with the Pension Benefit Guaranty
Corporation ("PBGC") or the U.S. Department of Labor ("Department") or which the
Borrower receives from the PBGC or Department;

                  (f) immediately, but not later than three (3) days after
discovery of an Event of Default but in any case, not later than seven (7) days
after the occurrence of each Event of Default or each event which, with the
giving of notice or lapse of time or both, would constitute an Event of Default,
continuing on the date of such statement, the statement of the chief financial
officer of the Borrower setting forth details of such Event of Default or event
which, with the giving of notice or lapse of time or both, would constitute an
Event of Default and the action which the Borrower proposes to take with respect
thereto;

                  (g) Promptly notify the Lender of the commencement of any
material claims (other than claims under a policy of insurance (excluding the
Letter of Credit) in amounts which, together with any interest accrued thereon,
do not exceed the face value of such policy), actions, suits, proceedings or
investigations of any kind pending or threatened against the Borrower or any
Subsidiary or any Affiliate before any court, tribunal or administrative agency
or board.

                  (h) Borrower shall promptly inform the Lender of (I)
Borrower's failure or inability to perform on contracts over $1,000,000.00 in
the aggregate; and (ii) material information of which the Borrower has confirmed
knowledge relating to the material adverse change in the financial condition of
any account debtor who owes at least $1,000,000.00 to the Borrower.

         Section 5.03. Negative Covenants. So long as any Indebtedness evidenced
by the Note shall remain unpaid, the Borrower, the Guarantors and their
Subsidiaries will not, without the prior written consent of the Lender:

                  (a) Indebtedness. Create, incur, assume or suffer to exist any
Indebtedness, except (I) Indebtedness of the Borrower under the Loan Documents;
(ii) Indebtedness of the Borrower and the Guarantors maturing not more than
thirty (30) days from the date created and incurred in the ordinary course of
business (trade credits) (iii) Indebtedness of the Borrower and the Guarantors
otherwise permitted under this Agreement; (iv) Indebtedness of PBSJ in
connection with the repurchase of PBSJ capital stock from

                                      -17-
<PAGE>

employees or former employees of Borrower or its Subsidiaries; (v) Indebtedness
of the Borrower and Guarantors pertaining to purchase money security interests
not to exceed one Million Dollars ($1,000,000.00) in the aggregate at any time
outstanding; (vi) Indebtedness of the Borrower and the Guarantors existing on
the date hereof, as set forth on the Borrower's and the Guarantors financial
statements dated June 30, 1996, including, but not limited to, Indebtedness
arising under that certain first mortgage loan made by NationsBank to Borrower
dated May 17, 1993; provided, however, the Borrower and the Guarantors shall be
permitted to refinance any mortgage existing on the date hereof which is secured
by the real property of the Borrower or the Guarantors; provided further,
however, the amount of the Indebtedness incurred as a result of such refinancing
shall not exceed the principal balance outstanding and secured by the mortgage
on the date of said refinancing; (vii) Indebtedness of the Borrower and the
Guarantors or any Subsidiary thereof not to exceed Five Million Dollars
($5,000,000) in the aggregate which is incurred pursuant to unsecured amortizing
financing provided by sellers in connection with acquisitions made by the
Borrower and the Guarantors or any Subsidiary thereof as otherwise permitted
under this Agreement; (viii) Indebtedness of the Borrower and the Guarantors
arising in connection with Subordinated Debt other than Indebtedness permitted
under Sections 5.03(a)(vii) and (ix) of this Agreement; provided, however, (x)
such Subordinated Debt shall be unsecured, (y) the Borrower and the Guarantors
shall not be permitted to make principal payments on the Subordinated Debt
during the term of this Agreement; except Borrower and the Guarantors shall be
permitted to make interest payments so long as no Event of Default has occurred
under this Agreement, and (z) the holder of such Subordinated Debt shall execute
and deliver to Lender a Subordination Agreement; (ix) Indebtedness of any
Subsidiary not to exceed Five Million Dollars ($5,000,000.00) in the aggregate
which is incurred pursuant to secured financing provided by (a) sellers or (b)
other creditors which is pre-existing at the time of the acquisitions made by
the Borrower and the Guarantors or any Subsidiary thereof; provided, however, if
the seller financing is secured by mortgages, liens or security interests in
real estate, fixtures or fixed assets, then the amount of Indebtedness otherwise
permitted under 5.03(a)(vii) above shall be reduced by the full amount of such
secured financing and; provided further, however, if such seller or other
creditor financing is secured by liens or security interests in any other assets
which are acquired by Borrower, Guarantors or any Subsidiary, then such
Indebtedness will be repaid so that all such security interests will be
terminated within thirty (30) days of the date of such acquisition. Anything
herein to the contrary notwithstanding, the Borrower and the Guarantors shall
not be permitted to incur additional Indebtedness under (v), (vii), (viii) and
(ix) above if an Event of Default has occurred under this Agreement.

                  (b) Liens and Encumbrances. Create, incur, assume or suffer to
exist any mortgage, deed of trust, pledge, lien, security

                                      -18-
<PAGE>

interest, or other char or encumbrance (including the lien or retained security
title of a conditional vendor) of any nature or any other type of preferential
arrangement, upon or with respect to any of its properties, now owned or
hereafter acquired, or assign or otherwise convey, any right to receive income,
except that the foregoing restrictions shall not apply to:

                           (I) liens for taxes, assessments or governmental
         charges or levies on property of the Borrower if the same shall not at
         the time be delinquent or thereafter can be paid without penalty, or
         are being contested in good faith and by appropriate proceedings;

                           (ii) liens imposed by law, such as landlord's,
         carriers', warehousemen's and mechanics, liens and other similar liens
         arising in the ordinary course of business;

                           (iii) liens arising out of pledges or deposits under
         workmen's compensation laws, unemployment insurance, repairmen's,
         materialmen's and other like liens arising in the ordinary course of
         business in respect of obligations which are not due or are being
         contested in good faith;

                           (iv) liens or security interests existing on the date
         of this Agreement as disclosed on Schedule 11 hereto; and

                           (v) liens or security interests covering real or
         personal property and in existence at the time of acquisition thereof
         by the Borrower, Guarantors or the Subsidiaries and purchase money
         mortgages and purchase money security interests (including the lien or
         retained security title of a conditional vendor) covering real or
         personal property hereafter acquired by the Borrower, the Guarantors
         or Subsidiaries provided (A) the obligations secured thereby do not
         exceed 100% of the purchase prince or fair market value of such
         property, whichever is less, (B) the obligations secured thereby are
         otherwise permitted hereunder or any other agreements of whatever
         nature to which the Borrower, the Guarantors or the Subsidiaries is a
         party and (C) no such lien, mortgage or security interest covers, or
         is extended to cover, any other property owned by the Borrower, the
         Guarantors or the Subsidiaries.

                                      -19-
<PAGE>

                  (c) Assumptions and Guarantees of Indebtedness of Other
Persons. Assume, guarantee, indorse or otherwise, become directly or
contingently liable in connection with any obligation of any other Person
(except by endorsement of negotiable instruments for deposit or collection or
similar transactions in the ordinary course of business) except for guarantees
(other than the Guarantee of each Guarantor) permitted under this Agreement
which shall not exceed, including all other Indebtedness, $5,000,000.00 in the
aggregate; provided, however, Borrower shall be permitted to indemnify its
officers and directors in accordance with the provisions set forth under its
bylaws and/or articles of incorporation. Anything herein to the contrary
notwithstanding, the Borrower and the Guarantors shall not be permitted to
assume, guarantee, indorse or otherwise, become directly or contingently liable
in connection with any obligation incurred by Borrower, the Guarantors, any
Subsidiary or any Person in connection with Section 5.03(a)(ix) of this
Agreement.

                  (d) Sale or Other Disposal of Assets. Sell, lease, sell and
leaseback, assign, transfer or otherwise dispose of all or a substantial portion
of its assets, including Accounts and shares of stock of whatever type except as
otherwise permitted under this Agreement.

                  (e) Dividends. Declare or pay any dividends on any of its
capital stock now or hereafter outstanding or return any capital or make any
distribution of assets to shareholders in excess of fifty percent (50%) of
Borrower's Net Income for the immediately preceding fiscal year.

                  (f) Change in Nature of Business, Ownership, or Management.
Make or permit to be made, any material change in the nature of its business as
carried on at the date hereof or permit any change in the current ownership
structure as an employee-owned entity; provided, however, Borrower shall be
permitted to engage in business activities other than those currently conducted
by Borrower to the extent that Borrowers' aggregate gross- revenue attributable
to all such other business activities on a consolidated basis represent less
than ten percent (10%) of Borrower' s consolidated gross revenue taken as a
whole.

                  (g) Consolidated Tax Return. Make any consolidated tax return
with respect to its income with any other corporation except any Subsidiary or
Subsidiaries.

                  (h) Subordinated Debt. Make any prepayments on and/or
restructure any Subordinated Debt af ter an Event of Default shall have occurred
and is continuing af ter the expiration of applicable grace periods, if any, or
unless waived by Lender.

                                      -20-
<PAGE>

                  (I) Merger. Merge into or consolidate with or into any
corporation; for the purposes of this subparagraph (I), the acquisition by the
Borrower or any Subsidiary by lease, purchase or otherwise, of all or
substantially all of the assets of any corporation shall be deemed a merger of
said corporation with the Borrower or such Subsidiary except that any Subsidiary
may merge into or consolidate with any other Subsidiary of the Borrower or merge
into the Borrower so long as the Borrower is the surviving corporation other
than any Subsidiary which has incurred secured Indebtedness in connection with
seller or other creditor financing as otherwise permitted under Section 5.03 (a)
of this Agreement. Anything herein to the contrary notwithstanding, Borrower or
any Subsidiary shall be permitted, without limitation except for subsection (f)
above and the limitations set forth in the preceding sentence of this Section
5.03 (I) , to acquire by merger, any Person, provided that Borrower, or a
Subsidiary, is the surviving corporation.

                  (j) Subsidiary. Except as otherwise permitted under 5.03(f),
(I) and (m), organize any other Subsidiary unless prior written consent is
obtained f rom Lender, which consent shall not be unreasonably withheld or
delayed; provided, however, such Subsidiary shall Guarantee the Loan and shall
execute a Guarantee in the form attached hereto as Exhibit "B" unless such
requirement for a Guarantee shall be waived by Lender.

                  (k) Shares of Stock. Authorize, issue, grant or sell any
shares of its capital stock except to employees.

                  (1) Loans. Make any loan or advance or extend credit to any
Person except to (I) Affiliates of Borrower (ii) employees of Borrower, in the
ordinary course of Borrower's business, not to exceed in the aggregate One
Hundred Thousand Dollars ($100,000.00); and (iii) employees of Borrower and its
Subsidiaries in connection with the purchase by such employees of PBSJ capital
stock.

                  (m) Acquisition. Acquire or invest in any Person (excluding
individuals) or the assets of any Person (excluding individuals) whereby such
acquisitions or investments would exceed the limitations on aggregate gross
revenues as set forth under subsection (f) above.

                  (n) Investments. Except as otherwise permitted under 5.03 (f)
and (m), make any investments of Borrower's or Guarantor's funds other than
investments existing on the date of this Agreement and disclosed to Lender and
short term investments with a maturity of less than twelve (12) months and which
are specifically limited to (I) government securities issued by the United
States of America or agencies thereof; (ii) Certificates of Deposit issued by
banks insured by the Federal Deposit insurance Corporation with a minimum
capitalization of Fifty Million Dollars

                                      -21-
<PAGE>

(U.S. $50,000,000.00) commercial paper and money market instruments rated
"investment grade" by Moody's investor Services, Inc. or Standard & Poor's
Corp.; and (iv) mutual funds; provided, however, anything herein to the contrary
notwithstanding, the Guarantors shall be permitted to make capital investments
of their funds in the Borrower; provided, further, however, if any such
investment by the Guarantors shall be deemed to be indebtedness of the Borrower,
then such indebtedness shall be characterized and treated as Subordinated Debt
as provided under this Agreement.

         Section 5.04. Financial Covenants. Anything herein to the contrary
notwithstanding, the Borrower and the Lender agree that all financial covenants
referred to under this Agreement shall be measured on a consolidated basis which
includes (I) the Borrower; (ii) the Guarantors; and (iii). any Affiliates
(excluding directors and officers of Borrower, the Guarantors and Subsidiaries)
of either (I) or (ii).

                                   ARTICLE VI
                                EVENTS OF DEFAULT

         Section 6.01. Events of Default. The term, "Event of Default", shall
mean any of the following events that shall occur and be continuing after the
expiration of applicable cure periods, if any, or unless waived by Lender:

                  (a) The Borrower shall fail to pay when due any installment of
principal of or interest under the Note or under any of the other Loan Documents
and such default continues unremedied for ten (10) consecutive days after
written notice thereof shall have been given to the Borrower by the Lender or
the holder of the Note; or

                  (b) Any material representation or warranty made by the
Borrower or the Guarantors herein or by the Borrower (or any of its officers) in
any certificate, agreement, instrument or written statement made or delivered
pursuant to or in connection with this Agreement, shall prove to have been
incorrect in any material respect on the date as of which the facts set forth
are stated or certified; or

                  (c) The Borrower or the Guarantors shall default in the due
performance and observance of any of its agreements contained in Section
5.01(f), (I), (j) or Section 5.03; or

                  (d) The Borrower shall fail to perform or observe any other
term, covenant or agreement contained in this Agreement or in the other Loan
Documents on its part to be performed or observed and any such failure remains
unremedied for thirty (30) days after written notice thereof shall have been
given to the Borrower by the Lender or the holder of the Note and the remedy

                                      -22-
<PAGE>

period has not been extended by the Lender or the holder of the Note; or

                  (e) The Borrower shall fail to pay any Indebtedness for
borrowed money or the unpaid portion of the purchase price of property (other
than as evidenced by the Note) owing by the Borrower or any interest or premium
thereon in excess of Two Hundred Thousand Dollars ($200,000.00) in the
aggregate, when due, whether such obligation shall become due by scheduled
maturity, by required prepayment, by acceleration, by demand or otherwise; or
the Borrower shall fail to perform any material term, covenant or agreement on
its part to be performed under any agreement or instrument (other than this
Agreement) evidencing or securing or relating to any such obligation owing by
the Borrower when required to be performed if the effect of such failure is to
accelerate, or to permit the holder or holders of such obligation or the trustee
or trustees under any such agreement or instrument to accelerate, the maturity
of such obligation, whether or not such failure to perform shall be waived by
the holder or holders of such Indebtedness or such trustee or trustees;
provided, however, nothing in this subsection shall require the payment or
performance of any obligation, as aforesaid, provided the Borrower contests by
appropriate legal proceedings diligently conducted in good faith, without cost
or expense, including attorneys' fees, to the Lender, any such payment or
performance; or

                  (f) The entry o f a decree or order for relief by a court
having jurisdiction in the premises in respect of the Borrower in an involuntary
case under the federal bankruptcy, insolvency or other similar law, or
appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator
(or similar officer) of the Borrower or for any substantial part of the property
of the Borrower or requiring the winding-up or liquidation of its affairs and
the continuance of any such decree or order unstayed and in effect for a period
of thirty (30) consecutive days; or

                  (g) The commencement by the Borrower of a voluntary case under
the federal bankruptcy laws, as now constituted or hereafter amended, or any
other applicable federal or state bankruptcy, insolvency or other similar law,
or the consent by the Borrower to the appointment of and taking possession by a
custodian, receiver, trustee, liquidator, assignee, sequestrator (or other
similar official) of the Borrower or for any substantial part of the property of
the Borrower or the making by the Borrower of any assignment for the benefit of
creditors, or the failure of the Borrower to pay its debts as such debts become
due, as the same is construed under Section 303 of the Bankruptcy Code or the
taking of action by the Borrower in furtherance of any of the foregoing; or (h)
Any final judgments or orders in an aggregate amount in excess of Two Hundred
Fifty Thousand Dollars ($250,000.00) shall be entered against the Borrower and
such judgments or orders shall continue unsatisfied or the repayment thereof
shall not be fully

                                      -23-
<PAGE>

bonded within thirty (30) days after their issuance or are not otherwise still
being contested in good faith by appropriate proceedings which stay the effect
thereof; or

                  (I) Any monies, deposits or other property of the Borrower, in
excess of Two Hundred Fifty Thousand Dollars ($250,000.00) in the aggregate, now
or hereafter on deposit with or in the possession or under the control of the
Lender shall be attached or become subject to distrained proceedings or any
order or process of any court and remains unremedied for thirty (30) days after
written notice shall have been given to the Borrower by the Lender; or

                  (j) The certificate of the certified public accountants
required to be delivered to the Lender pursuant to Section 5.02 (a) shall
contain any material exception indicating a material adverse change in the
financial condition, properties, or operations of the Borrower which would
impair the Borrower's ability to repay the Loan; or

                  (k) The occurrence of any material adverse change in the
financial position of the Borrower and/or condition of the property of the
Borrower which would impair the Borrower's ability to repay the Loan.

                  (1) Any material change in the nature of the corporate
existence of Borrower which has a material adverse effect on the Borrower.

                  (m) Occurrence of an event of default by Borrower under any
other credit facility established by Lender in favor of Borrower so that an
event of default under any credit facility shall cause all credit facilities to
be in default, unless Lender waives such default or it is otherwise cured.

         Section 6.02. Action if Event of Default. If any Event of Default shall
occur for any reason, whether voluntary or involuntary, and be continuing, the
Lender shall, by notice to the Borrower, declare the right of the Borrower to
request Advances to be terminated--whereupon the same shall forthwith terminate.
Further, the Lender may, upon notice to the Borrower, declare the entire unpaid
principal amount evidenced by the Note, all interest accrued and unpaid thereon
and all other amounts payable under the Letter of Credit and this Agreement to
be forthwith due and payable, whereupon the Indebtedness evidenced by the
Note, the Letter of Credit, all such accrued interest, and all such amounts
shall become and be forthwith due and payable, without presentment, demand,
protest, or further notice of any kind, all of which are hereby expressly waived
by the Borrower; provided however, if an Event of Default is an event described
in Section 6.01(f) or (g), above, the right of the Borrower to request Advances
shall automatically terminate and the Indebtedness of the Borrower to the
Lender

                                      -24-
<PAGE>

shall forthwith, without notice to or demand upon the Borrower, be due and
payable.

                                   ARTICLE VII
                                  MISCELLANEOUS

         Section 7.01. No Waiver; Cumulative Remedies. No failure or delay on
the part of the Lender or any other holder of any Note in exercising any right,
power or remedy hereunder shall operate as a waiver thereof; nor shall any
single or partial exercise of any such right, power or remedy preclude any other
or further exercise thereof or the exercise of any other right, power or remedy
hereunder. The remedies herein provided are cumulative and not exclusive of any
remedies provided by law.

         Section 7.02. Amendments. No amendment, modification, termination, or
waiver of any provision of this Agreement or of the other Loan Documents nor
consent to any departure by the Borrower therefrom, shall in any event be
effective unless the same shall be in writing and signed by the Lender, and then
such waiver or consent shall be effective only in the specific instance and for
the specific purpose for which given. No notice to or demand on the Borrower in
any case shall entitle the Borrower to any other or further notice or demand in
similar or other circumstances.

         Section 7.03. Notices. All notices, requests, demands, directions and
other communications provided for hereunder shall be in writing (including
telegraphic communication) and if to any party, addressed or delivered to it at
its address set forth below its signature on the signature pages hereof, or at
such other address as shall be designated by such party in a written notice to
each other party complying as to delivery with the terms of this Section. All
such notices, requests, demands, directions, and other communications shall,
when mailed or telegraphed, be effective when deposited in the -mails or
delivered to the telegraph company, respectively, addressed as aforesaid.

         Section 7.04. Costs, Expenses and Taxes. The Borrower agrees to pay, on
request, all reasonable costs and expenses of the Lender in connection with the
preparation, execution and delivery, and the Lender's costs and expenses in
connection with this Agreement, the other Loan Documents, and the other
instruments and documents to be delivered hereunder, including the reasonable
fees and out-of-pocket expenses of counsel for the Lender with respect thereto,
and, after an event of default has occurred, all costs and expenses, if any, in
connection with the enforcement of this Agreement, the other Loan Documents, or
any other instruments and documents to be delivered hereunder. In addition, the
Borrower shall pay any and all excise (documentary stamp) and other taxes
(including interest and penalties for failure to have paid same) payable or
determined to be payable, whether prior to or simulta-

                                      -25-
<PAGE>

neously with the initial Advance or Opening or at any time thereafter, in
connection with the execution and delivery of this Agreement, the other Loan
Documents and the other instruments and documents to be delivered hereunder, and
agrees to save the Lender harmless from and against any and all liabilities with
respect to or resulting from any delay in paying or omission to pay such taxes.
Anything herein to the contrary notwithstanding, the Borrower shall not be
obligated to pay to Lender amounts incurred by Lender for attorneys' fees in
connection with any matters arising under this Agreement in which the Borrower
is the prevailing party.

         Section 7.05. Right of Setoff. Upon the occurrence and during the
continuance of any Event of Default, the Lender or any bank which participates
in any loan to the Borrower with the Lender in connection herewith is hereby
authorized at any time and from time to time, without notice to the Borrower
(any such notice being expressly waived by the Borrower), to set off and apply
any and all deposits (general or special, time or demand, provisional or final)
at any time held and other Indebtedness at any time owing by the Lender or
participant to or for the credit or the account of the Borrower against any and
all Indebtedness of the Borrower now or hereafter existing under this Agreement
and the other Loan Documents or in connection with any participant,
irrespective of whether or not the Lender shall have made any demand under this
Agreement or the other Loan Documents and although such obligations may be
unmatured. The Borrower agrees that the Indebtedness of the Borrower to the
Lender shall be deemed to run to the Lender and its participant as if the Note
had initially been executed and delivered by Borrower to the order of the Lender
and its participant (s). The Lender agrees promptly to hotif y the Borrower
after any such setoff and application made by the Lender or the Lender's
participant, provided that the failure to give such notice shall not affect the
validity of such setoff and application. The rights of the Lender under this
Section are in addition to other rights and remedies (including, without
limitation, other rights of setoff) which the Lender may have.

         Section 7.06. Further Assurances. Borrower and the Guarantors agree to
execute any and all further documents and instruments that may be required under
applicable law or which the Lender may reasonably request in order to effectuate
the transactions contemplated by this Agreement.

         Section 7.07. Execution in Counterparts. This Agreement may be executed
in any number of counterparts and by different parties hereto in separate
counterparts, each of which when 'so executed and delivered shall be deemed to
be an original and all of which taken together shall constitute but one and the
same instrument.

                                      -26-
<PAGE>

         Section 7.08. Binding Effect; Assignment. This Agreement shall become
effective when it shall have been executed by the Borrower and the Lender and
thereafter shall be binding upon and inure to the benefit of the Borrower and
the Lender and their respective successors and assigns, except that the Borrower
shall not have the right to assign its rights hereunder or any interest herein
without the prior written consent of the Lender which consent the Lender may
grant or withhold in its discretion.

         Section 7.09. Governing Law. This Agreement and each of the other Loan
Documents shall be governed by, and construed in accordance with, the laws of
the State of Florida (except as to those matters relating to interest rates or
other lending terms which are or may, at the election of the Lender, be governed
by United States (Federal) law].

         Section 7.10. Severability. Any provision of this Agreement which is
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof or affecting the validity or
enforceability of such provision in any other jurisdiction.

         Section 7.11. Headings. Article and Section headings in this Agreement
are included herein for convenience of reference only and shall not constitute a
part of this Agreement for any other purpose.

         Section 7.12. WAIVER OF TRIAL BY JURY. THE BORROWER AND, THE GUARANTORS
IN DELIVERING AND THE LENDER IN ACCEPTING DELIVERY OF THIS CREDIT AGREEMENT,
KNOWINGLY, VOLUNTARILY, AND INTENTIONALLY WAIVE THE RIGHT ANY OF THEM MAY HAVE
TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED ON OR ARISING OUT OF,
UNDER OR IN CONNECTION WITH THIS CREDIT AGREEMENT AND ANY DOCUMENT EKECUTED
AND DELIVERED BY THE BORROWER AND THE GUARANTORS TO THE LENDER IN CONJUNCTION
WITH THIS CREDIT AGREEMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING,
STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTIONS OF ANY PARTY OR ANY DIRECTOR,
OFFICER, EMPLOYEE, AGENT OR INDEPENDENT CONTRACTOR OF THEM. THIS IS A MATERIAL
INDUCEMENT TO LENDER TO ENTER INTO THE CREDIT AGREEMENT WITH THE BORROWER -AND
THE GUARANTORS.

                                      -27-
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed by their respective officers thereunto duly authorized, as of the date
first above written.

                         LENDER:

                         NATIONSBANK, N.A. (SOUTH)

                         By: /s/ STEVEN C. MAYER
                             ---------------------------------------------

                         Title: Vice President

                         100 Southeast Second Street
                         Miami, Florida 33131

                         Attn: Steven C. Mayer, Vice President
                               Commercial Banking

                         SUNTRUST BANK, MIAMI, N.A.

                         By: /s/ GEORGE PSOMOPOULOS
                             ---------------------------------------------

                         Title: Vice President

                         777 Brickell Avenue
                         Miami, Florida
                         Attn: George Psomopoulos
                               Corporate Banking

                                      -28-
<PAGE>

                         BORROWER:

                         POST, BUCKLEY, SCHUH & JERNIGAN, INC.,
                         a Florida corporation

                         By: /s/ RICHARD A. WICKETT
                             ----------------------------------
                                 Richard A. Wickett

                         Title: Exec. Vice President

                         2001 N.W. 107th Ave.
                         Miami, Florida 33172-2507

                         Attention: Richard A. Wickett

                         THE PBSJ CORPORATION,
                         a Florida corporation

                         By: /s/ RICHARD A. WICKETT
                             ----------------------------------
                                 Richard A. Wickett

                         Title: Treasurer

                         2001 N.W. 107th Ave.
                         Miami, Florida 33172-2507

                         Attention: Richard A. Wickett

                         GUARANTORS:

                         SEMINOLE DEVELOPMENT CORPORATION,
                         a Florida corporation

                         By: /s/ RICHARD A. WICKETT
                             ----------------------------------
                                 Richard A. Wickett

                         Title: Treasurer

                         2001 N.W. 107th Ave.
                         Miami, Florida 33172-2507

                         Attention: Richard A. Wickett

                                      -29-
<PAGE>

                       FIRST AMENDMENT TO CREDIT AGREEMENT

         THIS FIRST AMENDMENT TO CREDIT AGREEMENT ("this Amendment") dated this
3rd day of July, 1997 among NATIONSBANK, N.A. (SOUTH) ("NationsBank") and
SUNTRUST BANK, MIAMI, N.A. ("SunTrust") (collectively the "Lender"); POST,
BUCKLEY, SCHUH & JERNIGAN, INC., a Florida corporation, and THE PBSJ
CORPORATION, a Florida corporation (collectively the "Borrower"); and SEMINOLE
DEVELOPMENT CORPORATION, a Florida corporation; HOH ASSOCIATES, INC., a Florida
corporation; POST, BUCKLEY INTERNATIONAL, INC., a Florida corporation; PBS&J
CONSTRUCTION SERVICES, INC., a Florida corporation; MEASUREMENT SCIENCE, INC., a
Colorado corporation; SEMINOLE INVESTMENTS, INC., a California corporation;
POST, BUCKLEY, SCHUH & JERNIGAN, INC. OF ARIZONA, an Arizona corporation; POST,
BUCKLEY INTERNATIONAL, INC. DEL ECUADOR COMPANIA LIMITADOR, an Ecuadorian
corporation; POST BUCKLEY INTERNATIONAL, INC., LTD. (SWAZILAND), a Swaziland
corporation; POST BUCKLEY, SCHUH & JERNIGAN, INC., a California corporation;
POST, BUCKLEY, SCHUH & JERNIGAN, INC., a Nevada corporation; and POST, BUCKLEY,
SCHUH & JERNIGAN, INC., a Texas corporation (jointly and severally the
"Guarantors")

                             PRELIMINARY STATEMENTS

         A. The Lenders, the Borrower and the Guarantors entered into that
certain Credit Agreement, dated June 28, 1996 (the "Credit Agreement") by which
NationsBank established a revolving line of credit for the Borrower in the
principal amount of $7,000,000.00 and SunTrust established a revolving line of
credit for the Borrower in the principal mount of $5,000,000.00.

         B. The Borrower and the Guarantors have requested each of the Lenders
to make the Borrower a term loan of $5,000,000.00 each to enable the Borrower to
make a loan to EH&A Acquisition, Inc. ("EHA") to enable it to acquire all of the
issued and outstanding shares of stock of Espey Huston & Associates, Inc., a
Texas corporation ("Espey"); said loan to be secured by a pledge to the
Borrower, The PBSJ Corporation ("PBSJ"), of all of the shares of Espey purchased
by EHA.

         C. The Lenders are agreeable to making the term loans but only in
accordance with the terms of this Amendment.

         IN CONSIDERATION OF the Preliminary Statements and the mutual covenants
hereinafter set forth, the parties agree as follows:

         1. All of the Preliminary Statements are true and correct and, by this
reference, republished and confirmed. All

<PAGE>

of the terms of the Credit Agreement are incorporated into this Amendment as if
fully set forth herein.

         2. The Credit Agreement is amended as follows:

            A. Section 1.01 is amended as follows:

               (i) the definition of "Fixed Charge Coverage" is deleted in its
         entirety and the following substituted in place thereof:

               "Fixed Charge Coverage" means EBITL divided by interest expense
               plus lease expense plus current maturities of the Term Loans (as
               hereinafter defined).

               (ii) By deleting the definition of "Loan Documents" in its
         entirety and substituting the following in place thereof:

               "Loan Documents" mean the Revolver Notes, the Term Notes, the
               Credit Agreement, the First Amendment to Credit Agreement, the
               Guarantees and the Subordination Agreements and all amendments,
               renewals and substitutions of any of the aforesaid documents.

               (iii) By adding the following definition of "Maturity Date":

               "Maturity Date" shall mean, as to the Revolving Lines of Credit,
               June 30, 1999 and, as to the Term Loans, June 30, 2002 except as
               provided in Subsection (iv) of Section 2.07 of the Amendment.

               (iv) The definition of "Note" is deleted in its entirety and the
         following substituted in place thereof:

               "Note" means collectively each Revolver Note heretofore delivered
               to each Lender and each Term Note to be delivered by Borrower to
               each Lender.

            B. Article II is amended by adding Section 2.07 thereto as follows:

                                     - 2 -
<PAGE>

            Section 2.07 Term Loan

            (i) (1) NationsBank agrees to make a term loan to the Borrower in
            the principal amount of Five Million Dollars (U.S. $5,000,000.00)
            (the "NationsBank Term Loan").

                (2) SunTrust agrees to make a term loan to the Borrower in the
            principal amount of Five Million Dollars (U.S. $5,000,000.00) (the
            "SunTrust Term Loan").

            (ii) Term Notes. The NationsBank Term Loan shall be evidenced by a
            promissory note in substantially the form attached hereto as
            Schedule A and the SunTrust Term Loan shall be evidenced by a
            promissory note in substantially the form attached hereto as
            Schedule B (the NationsBank Term Loan and the SunTrust Term Loan are
            herein sometimes referred to collectively as the "Term Loans").

            (iii) Interest. The Borrower agrees to pay interest on each of the
            Term Loans at the rate and on the terms set forth in and in
            accordance with the provisions of Section 2.01(c) of the Credit
            Agreement.

            (iv) Principal. Borrower shall make an annual principal payment on
            each anniversary of the Term Notes in an amount equal to twenty
            percent (20%) of the principal amount originally funded under the
            Term Loans. Provided no Event of Default or an event, which the
            giving of notice or lapse of time, would constitute an Event of
            Default has occurred and is continuing, the Borrower shall have the
            right to reborrow any principal sums paid in reduction of the Term
            Loans in any fiscal year in excess of the annual principal payment
            required to be made hereunder provided any amount so borrowed does
            not cause the principal amount outstanding under the Term Notes to
            exceed $5,000,000.00 less the sum of any required annual payments.
            The availability of reborrowing shall terminate on June 30, 2002,
            when all outstanding principal under the Term Notes shall be due and
            payable in full; provided, however, anything in the First Amendment
            to Credit Agreement or any other agreement between the Borrower and
            the Lender to the contrary notwithstanding, in the event PBSJ does
            not acquire all of the issued and out-

                                     - 3 -
<PAGE>

            standing shares of stock of EHA OR ESPGY on or before July 3, 1998,
            all outstanding principal, plus all accrued but unpaid interest
            thereon, evidenced by the Term Notes shall be due and payable in
            full on July 3, 1998, without notice to or demand upon the Borrower.

            (v) Fees. In consideration of the Lenders' agreeing to make the Term
            Loans, the Borrower agrees to pay to each Lender, in addition to the
            fees due the Lender under the Revolving Loans, an annual fee payable
            quarterly in advance equal to seventeen and one-half (17.5) basis
            points of the committed amount of the NationsBank Term Loan or the
            SunTrust Term Loan, as the case may be, as follows:

                     Year        Committed Amount       Annual Fee

                       1           $5,000,000.00         $8,750.00
                       2           $4,000,000.00         $7,000.00
                       3           $3,000,000.00         $5,250.00
                       4           $2,000,000.00         $3,500.00
                       5           $1,000,000.00         $1,750.00

                The annual fee for 1997 shall be payable on the date of this
            Amendment. Thereafter, the annual fee shall be due and payable
            quarterly in advance on the first day of each July, October, January
            and April of each year until the Maturity Date of the Term Loans.

            (vi) Credit Agreement. All of the terms of the Credit Agreement as
            amended by this Amendment shall be as applicable to the Term Loans
            as if said Term Loans were made at the time of the Revolving Loans
            and shall survive the repayment of the Revolving Loans.

            (vii) Security. As security for the repayment of the indebtedness
            evidenced by the Term Notes and the First Amendment to Credit
            Agreement, PBSJ shall (i) endorse to the Lender its interest as
            payee under that certain Promissory Note in the principal amount of
            $12,000,000.00 from EHA to PBSJ ("EHA Note"); (ii) assign and
            transfer to the

                                     - 4 -
<PAGE>

            Lender PBSJ's interest in and to (x) that certain Loan Agreement and
            that certain Security Agreement from EHA to PBSJ by which EHA
            granted a security interest in and pledged to PBSJ all of the issued
            and outstanding shares of stock in Espey ("EHA Loan and Security
            Agreements"), and (y) Guaranty from Charles Jasper to PBSJ by which
            Charles Jasper guaranteed the obligation of EHA to PBSJ ("Jasper
            Guaranty"), and (iii) deliver to the Lender all of the shares of
            stock of Espey with duly signed blank stock powers, ("Shares).

            (viii) Simultaneously with the execution of the buy/sell agreement
            between the PBSJ Corporation and GHCA/GSPGY Paragraph C.2.B. (iv)
            becomes null and void.

            C. Subsection (f) of Section 5.01 of the Agreement is deleted in its
      entirety and the following substituted in place thereof.

            (f) Maintenance of Tangible Net Worth. Maintain, on a quarterly
            basis, Tangible Net Worth as of September 30, 1996 of $26,000,000
            plus 50% of the Borrower's Net Income less (i) incremental
            intangibles, including non-compete agreements and net redemptions of
            common stock up to $2,500,000 for fiscal years 1997 and 1998; and
            (ii) $4,500,000 for the acquisition of all of the shares in EHA,
            provided such purchase is consummated on or before July 3, 1998.

            D. Subsection (l) of Section 5.03 of the Agreement is amended by
      deleting the word "and" before "(iii)" and adding a semi-colon and the
      following: "and (iv) EHA in the principal amount of $12,000,000.00 for the
      sole purpose of enabling EHA to acquire all of the issued and outstanding
      shares of stock in Espey.

            E. Section 6.01 is amended by adding thereto the following:

            (n) Any default under the Revolver Notes and any provisions of the
                Credit Agreement specifically applicable thereto shall
                constitute a default under the Term Notes and any provisions of
                the Credit Agreement specifically applicable thereto and vice
                versa.

            (o) Failure of the Borrower to acquire all of the issued and
                outstanding shares of stock of Espey or GH&A on or before July
                3, 1998; provided, however, this shall not be deemed an Event of
                Default as to the Revolver Loans.

                                     - 5 -
<PAGE>

            F. Article VII is amended by adding Section 7.13 thereto as follows:

            Section 7.13. Jurisdiction and Venue. The parties hereto agree that
            any suit, action or proceeding brought by any such party against
            another party to the Credit Agreement arising under or in connection
            with the Credit Agreement, this Amendment or any document or
            instrument prepared or delivered in connection therewith shall be
            brought in any state or federal court having a situs located in the
            City of Miami, Dade County, Florida.

         3. It is a condition precedent to the Lenders' making and funding the
Term Loans that the Borrower shall have delivered to the Lenders the following:

            (a) This Amendment duly signed;

            (b) The Term Notes and Out-of-State Signing Certificates duly
                signed;

            (c) The other documents required under Section 3.01(b) through (g),
                inclusive, of the Credit Agreement;

            (d) The Continuing Unlimited Guaranty of the Guarantors;

            (e) The EHA Note, the EHA Loan and Security Agreements, the Jasper
                Guaranty, the Shares and Stock Powers ("EHA Documents");

            (f) Financing Statements to evidence the Lender's interest in EHA
                Documents; and

            (g) Opinion of Counsel to the Borrower in form and substance
                acceptable to the Lender and its counsel.

         Provided, however, the Borrower shall have thirty (30) and the
Guarantors 90 days from the date of this Amendment and the funding of the Term
Loans to satisfy all of the conditions precedent to the Lender's funding the
Term Loans. The Borrower and the Guarantors shall use their best efforts to
satisfy all said conditions. The failure of the Borrower and/or Guarantors to
satisfy all said conditions (unless waived in writing by the Lender) shall
constitute an Event of Default under the Credit Agreement and the Term Notes.

                                     - 6 -
<PAGE>

         4. Except as amended hereby, all of the other terms and conditions of
the Loan Documents shall remain in full force and effect and be as binding on
the Borrower and the Guarantors as if the provisions hereof originally
constitute part of the Loan Documents. In the event of any conflict,
inconsistency or incongruity between the terms of the Loan Documents (excluding
the Term Notes and this Amendment) and the terms of this Amendment, the terms of
this Amendment shall govern and control.

         5. Further Assurances. Borrower and the Guarantors agree to execute any
and all further documents and instruments that may be required under applicable
law or which the Lender may reasonably request in order to effectuate the
transactions contemplated by this Amendment.

         6. Execution in Counterparts. This Amendment may be executed in any
number of counterparts and by different parties hereto in separate counterparts,
each of which when so executed and delivered shall be deemed to be an original
and all of which taken together shall constitute but one and the same
instrument.

         7. Binding Effect; Assignment. This Amendment shall become effective
when it shall have been executed by the Borrower and the Lender and thereafter
shall be binding upon and inure to the benefit of the Borrower and the Lender
and their respective successors and assigns, except that the Borrower shall not
have the right to assign its rights hereunder or any interest herein without the
prior written consent of the Lender which consent the Lender may grant or
withhold in its discretion.

         8. Governing Law. This Amendment and each of the other Loan Documents
shall be governed by, and construed in accordance with, the laws of the State of
Florida [except as to those matters relating to interest rates or other lending
terms which are or may, at the election of the Lender, be governed by United
States (Federal) law].

         9. Severability. Any provision of this Amendment which is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the
remaining provisions hereof or affecting the validity or enforceability of such
provision in any other jurisdiction.

         10. Headings. Article and Section headings in this Amendment are
included herein for convenience of reference only and shall not constitute a
part of this Amendment for any other purpose.

                                     - 7 -
<PAGE>

         11. WAIVER OF TRIAL BY JURY. THE BORROWER AND THE GUARANTORS IN
DELIVERING AND THE LENDER IN ACCEPTING DELIVERY OF THIS AMENDMENT, KNOWINGLY,
VOLUNTARILY, AND INTENTIONALLY WAIVE THE RIGHT ANY OF THEM MAY HAVE TO A TRIAL
BY JURY IN RESPECT OF ANY LITIGATION BASED ON OR ARISING OUT OF, UNDER OR IN
CONNECTION WITH THIS AMENDMENT AND ANY DOCUMENT EXECUTED AND DELIVERED BY THE
BORROWER AND THE GUARANTORS TO THE LENDER IN CONJUNCTION WITH THIS AMENDMENT, OR
ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN)
OR ACTIONS OF ANY PARTY OR ANY DIRECTOR, OFFICER, EMPLOYEE, AGENT OR INDEPENDENT
CONTRACTOR OF ANY OF THEM. THIS IS A MATERIAL INDUCEMENT TO LENDER TO ENTER INTO
THIS AMENDMENT WITH THE BORROWER AND THE GUARANTORS.

         IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their respective officers thereunto duly authorized, as of the date
first above written.

                                 LENDER:

                                 NATIONSBANK, N.A. (SOUTH)

                                 By: /s/ STEVEN C. MAYER
                                     -------------------------------------------
                                         Steven C. Mayer

                                 Title: Vice President

                                 100 Southeast Second Street
                                 Miami, Florida  33131

                                 Attn: Steven C. Mayer, Vice President
                                       Commercial Banking

                                 SUNTRUST BANK, MIAMI, N.A.

                                 By: /s/ GEORGE F. PSOMOPOULOS
                                     -------------------------------------------

                                 Title: Vice President

                                 777 Brickell Avenue
                                 Miami, Florida
                                 Attn: George Psomopolos
                                       Vice President

                                     - 8 -
<PAGE>

                                    BORROWER:

                                    POST, BUCKLEY, SCHUH & JERNIGAN, INC.,
                                    a Florida corporation

                                    By: /s/ RICHARD A. WICKETT
                                       -----------------------------------------
                                            Richard A. Wickett

                                    Title: Executive Vice President

                                    2001 N.W. 107th Ave.
                                    Miami, Florida  33172-2507

                                    Attention:  Richard A. Wickett

                                    THE PBSJ CORPORATION, a Florida corporation

                                    By: /s/ RICHARD A. WICKETT
                                       -----------------------------------------
                                            Richard A. Wickett

                                    Title: Treasurer

                                    2001 N.W. 107th Ave.
                                    Miami, Florida  33172-2507

                                    Attention:  Richard A. Wickett

                                   GUARANTORS:

                                   SEMINOLE DEVELOPMENT CORPORATION,
                                   a Florida corporation

                                    By: /s/ RICHARD A. WICKETT
                                       -----------------------------------------
                                            Richard A. Wickett

                                    Title: Treasurer

                                    2001 N.W. 107th Ave.
                                    Miami, Florida  33172-2507

                                    Attention:  Richard A. Wickett

                                     - 9 -
<PAGE>

                      SECOND AMENDMENT TO CREDIT AGREEMENT

         THIS SECOND AMENDMENT TO CREDIT AGREEMENT (the "Second Amendment")
dated as of the 30th day of June, 1999 among NATIONSBANK, N.A. ("NationsBank")
and WACHOVIA BANK, N.A. ("Wachovia") (collectively, the "Lender"); POST,
BUCKLEY, SCHUH & JERNIGAN, INC., a Florida corporation, and THE PBSJ
CORPORATION, a Florida corporation (collectively, the "Borrower"); and SEMINOLE
DEVELOPMENT CORPORATION, a Florida corporation; POST, BUCKLEY INTERNATIONAL,
INC., a Florida corporation; PBS&J CONSTRUCTION SERVICES, INC., a Florida
corporation; and PBS&J CONSTRUCTORS, INC., a Florida corporation (jointly and
severally, the "Guarantors").

                             PRELIMINARY STATEMENTS

         A. NationsBank and SunTrust Bank, Miami, N.A. ("SunTrust";
collectively, with NationsBank, the "Original Lender"), the Borrower, the
Guarantors (except PBS&J CONSTRUCTORS, INC.) and certain other entities then
affiliated with the Borrower (collectively with all Guarantors except PBS&J
CONSTRUCTORS, INC., the "Original Guarantors") entered into that certain Credit
Agreement, dated June 28, 1996 (the "Credit Agreement") by which NationsBank
established for the Borrower both a revolving line of credit in the principal
amount of $7,000,000.00 (the "NationsBank Line") and a letter of credit facility
in the principal amount of $3,000,000.00 (the "L/C Facility"), and SunTrust
established a revolving line of credit for the Borrower in the principal amount
of $5,000,000.00 (the "SunTrust Line").

         B. The Original Lender, the Borrower and the Original Guarantors
entered into that certain First Amendment to Credit Agreement, dated July 3,
1997 (the "First Amendment") by which each of the Lenders established in favor
of the Borrower a reducing revolving line of credit in the amount of
$5,000,000.00 each (the "NationsBank Term Loan" and the "SunTrust Term Loan,"
respectively) to enable the Borrower to make a loan to EH&A Acquisition, Inc.
("EHA") to enable it to acquire all of the issued and outstanding shares of
stock of Espey Huston & Associates, Inc., a Texas corporation ("Espey"); said
loan to be secured by a pledge to the Borrower, THE PBSJ CORPORATION ("PBSJ"),
of all of the shares of Espey purchased by EHA.

         C. Since the date of the First Amendment, certain of the Original
Guarantors have been merged into POST, BUCKLEY, SCHUH & JERNIGAN, INC. so that
the Guarantors currently constitute all of the subsidiaries of PBSJ.

         D. On June 28, 1999, Wachovia made a $5,000,000.00 bridge loan to Post,
Buckley, Schuh & Jernigan, Inc. (the "Bridge Loan"), evidenced by a promissory
note in said amount (the "Bridge Note").

         E. Effective as of June 30, 1999, SunTrust assigned all of its right,
title and interest (1) in the SunTrust Line to Wachovia, and (2) in the SunTrust
Term Loan to NationsBank.

         F. The Borrower and the Guarantors have requested (1) NationsBank to
increase the principal amount of the NationsBank Line to $22,000,000.00 and
extend its maturity date to June 30,

<PAGE>

2002, and (2) Wachovia to consolidate the Bridge Loan into, and increase to
$15,000,000.00 the principal amount of, the SunTrust Line and extend its
maturity date to June 30, 2002.

         G. The Lenders are agreeable to the aforesaid requests, but only in
accordance with the terms of this Second Amendment.

         IN CONSIDERATION OF the Preliminary Statements and the mutual covenants
hereinafter set forth, the parties agree as follows:

         1. The foregoing statements are true and correct and are incorporated
herein as if set forth in full.

         2. Unless otherwise defined herein, all terms used herein shall have
the definitions specified in the Credit Agreement, as modified by the First
Amendment; all references hereinafter made to the Credit Agreement to include
the modifications thereto effectuated pursuant to the First Amendment.

         3. The Borrower and the Guarantors (collectively, the "Obligors") each
confirm and acknowledge that, as of the date hereof, the principal balances due
(a) NationsBank under (i) the NationsBank Line is $80,000.00, and (ii) the Term
Loans is $6,000,000.00, and (b) Wachovia under (i) the SunTrust Line is $-0-,
and (ii) the Bridge Loan is $5,000,000.00; each plus accrued interest since the
date last paid, all free and clear of any defense, set-off or counterclaim.

         4. The Credit Agreement is hereby modified as follows (all references
to Sections and Subsections being the applicable Sections and Subsections of the
Credit Agreement):

         5. The Credit Agreement is amended as follows:

            A. Section 1.01 is amended as follows:

               (i) in the definition of "Fixed Charge Coverage", the following
            terms are added at the end of such definition, immediately following
            the words "lease expense":

               plus current maturities of long term debt plus current maturities
               of capital leases.

               (ii) the definition for the term "Guarantors" shall include the
            revisions thereto reflected in the introduction to this Second
            Amendment.

               (iii) the existing definition of "Maturity Date" is deleted in
            its entirety and replaced by "June 30, 2002."

               (iv) the defined term "Tangible Net Worth" and its definition are
            deleted in their entirety.

            B. Section 2.01 is amended as follows:

                                     - 2 -
<PAGE>

               (i) in Subsection (a)(i), the date "June 30, 2002" is substituted
            for the date "June 30, 1999," and the amount "Twenty-Two Million
            Dollars ($22,000,000.00)" is substituted for the amount "Seven
            Million Dollars ($7,000,000.00)" wherever such amount appears.

               (ii) in Subsection (a)(ii), (x) each reference to "SunTrust"
            shall be replaced by a reference to "Wachovia" (and all other
            references in the Credit Agreement to the SunTrust Line or to
            SunTrust in connection with the SunTrust Line shall similarly refer
            to the Wachovia Line or Wachovia, as applicable), (y) the amount
            "Fifteen Million Dollars ($15,000,000.00) is substituted for the
            amount "Five Million Dollars ($5,000,000.00) wherever such amount
            appears, and (z) the following terms are added immediately following
            the end of the second sentence:

               Insofar as the Borrower may from time to time request and
               Wachovia may be willing, in its discretion, Wachovia shall,
               subject to the terms and conditions hereof, issue commercial
               and/or standby letters of credit (the "L/C's") for the account of
               the Borrower. The issuance of an L/C shall be regarded as, and
               subject to the conditions applicable to, an Advance, and the face
               amount of each then issued and outstanding L/C as well as the
               amount of each then unreimbursed draft presented for payment
               against an L/C shall each be treated as an outstanding Advance.
               Prior to each and every request for the issuance of an L/C, the
               Borrower shall execute and deliver to Wachovia any and all
               agreements and documents which Wachovia may require, including,
               without limitation, Wachovia's standard form of application for
               letter of credit. The maximum amount of all open L/C's and
               unreimbursed drafts which have been presented for payment against
               the L/C's shall not, at any one time, exceed the aggregate amount
               of One Million Dollars ($1,000,000.00). In connection with each
               L/C, the Borrower shall pay to Wachovia an issuance fee in the
               amount of 1% per annum of the amount of each L/C.

               (iii) the forms of Revolver Notes attached hereto as Exhibit A
            and Exhibit A-1 are substituted for the forms of Revolver Notes
            similarly attached to the Credit Agreement.

               (iv) the first sentence of the first paragraph of Subsection (c)
            is hereby deleted in its entirety and the following provisions are
            substituted in lieu thereof:

               The Borrower agrees to pay interest on that portion of the
               outstanding principal amount of the Revolver Note maintained from
               time to time as a (x) Fluctuating Advance equal at all times, at
               Borrower's option, to (i) the Lender's Prime Rate minus the
               Applicable Margin (hereinafter defined) ("Prime Rate Option"); or
               (ii) the LIBOR for 30 day periods, adjusted daily or, in the case
               of

                                     - 3 -
<PAGE>

               Wachovia, adjusted to conform to Wachovia's "Monthly LIBOR Index"
               as determined by Wachovia from time to time, plus (however
               adjusted) the Applicable Margin ("LIBOR Floating Option"), or (y)
               Fixed Advance equal to the LIBOR plus the Applicable Margin
               ("LIBOR Fixed Option"), which shall be quoted for a 30, 90 or 180
               day term. The Applicable Margin (the "Applicable Margin") shall
               for each fiscal quarter be determined by reference to the Funded
               Debt to EBITDA ratio as of the end of the fiscal quarter
               immediately preceding the delivery of the applicable Chief
               Financial Officer's certificate as follows:

                                             Applicable Margin Per Annum

               Ratio                      Prime Rate               LIBOR Rate
               -----                      ----------               ----------
               <2.5:1.0                     -1.25%                    +.50%

               >=2.5:1.0 and <= 3.0:1.0     -1.00%                    +.75%

               Adjustments, if any, in the Applicable Margin shall be made by
               the Lender within three (3) Business Days after receipt by the
               Lender of quarterly financial statements for the Borrower and the
               Guarantors and the accompanying Chief Financial Officer's
               certificate setting forth the Funded Debt to EBITDA ratio of the
               Borrower and the Guarantors as of the most recent fiscal quarter
               end. Subject to applicability of the Default Rate (as provided in
               this Agreement), in the event the Borrower fails to deliver such
               financial statements and certificate within the time required by
               Section 5.02 hereof, the Applicable Margin shall be the highest
               Applicable Margin set forth above until the delivery of such
               financial statements and certificate.

               (v) in Subsection (f), the words "and to finance working capital
            and capital acquisitions" are added at the end of such Subsection,
            immediately following the word "purposes".

            C. Section 2.02 is amended as follows: (i) the date "June 29, 2002"
         is substituted in lieu of the date "June 29, 1999"; (ii) all references
         to the "Lender" shall hereafter refer exclusively to NationsBank, which
         is the only Lender providing the L/C Facility; and (iii) said Section
         shall hereafter reflect a required issuance fee in the amount of 1% per
         annum of the amount of each Letter of Credit.

            D. Section 2.05 is deleted in its entirety and the following terms
         are substituted in lieu thereof:

                                     - 4 -
<PAGE>

               Unused Line Fee. Borrower shall pay to each Lender quarterly an
               unused line fee at a rate equal to one eighth of one (1/8%)
               percent per annum calculated by the Lender upon the amount by
               which the respective Line amounts exceed the average daily
               principal balance outstanding thereunder during the immediately
               preceding fiscal quarter (or part thereof) while this Agreement
               is in effect and for so long thereafter as any Indebtedness is
               outstanding under the applicable Line, which fee shall be payable
               on the first day of each fiscal quarter in arrears.

            E. Section 2.07 is amended as follows:

               (i)   Subsection (i)(2) shall hereafter reflect that the
            "SunTrust Term Loan" has been assigned to NationsBank.

               (ii)  a comma, followed by the following provision, are inserted
            at the end of Subsection (iii) after the word "Agreement":

                     as applicable to a Fixed Advance with the Applicable Margin
                     based upon a Funded Debt to EBITDA ratio of >= 2.5:1.0 and
                     <=3.0:1.0.

               (iii) Subsection (vii) is hereby deleted in its entirety.

            F. Article II is amended by adding Section 2.08 thereto as follows:

               Section 2.08 Collateral. In order to secure the full and timely
               payment and performance of all Indebtedness and obligations of
               the Borrower and the Guarantors under and in connection with the
               Line and the L/C Facility (including the related guarantee
               agreements), as well as any and all renewals, extensions and
               modifications thereof, (collectively, the "Secured Obligations")
               the Borrower and the Guarantors agree that Lender will be
               furnished with a security agreement (the "Security Agreement")
               and UCC-1 financing statements (the "Financing Statements") in
               favor of, and in form and substance acceptable to, Lender,
               granting to Lender a security interest, subject to no other liens
               or encumbrances except as may be set forth in the Security
               Agreement or this Agreement, in the following, together with the
               proceeds and products thereof: (i) all the Borrower's and
               Guarantors' presently existing and hereafter created accounts or
               accounts receivable; (ii) all the Borrower's and Guarantors'
               presently owned and hereafter acquired inventory; (iii) all the
               Borrower's and Guarantors' presently owned and hereafter acquired
               equipment; (iv) all the Borrower's and Guarantors' presently
               owned and hereafter acquired chattel paper, instruments,
               documents and general intangibles (as said terms are defined in
               Chapter 679 of

                                     - 5 -
<PAGE>

               the Florida Statutes); and (v) all such additional and related
               property as are set forth in the Security Agreement. In addition,
               the Borrower and Guarantors each hereby grant to Lender a lien
               on, and a security interest in, the deposit balances, accounts,
               items, certificates of deposit and monies of the Borrower and the
               Guarantors now or at any time hereafter in the possession of or
               on deposit with Lender to secure and as collateral for the
               payment and performance of the Secured Obligations. Lender may,
               as provided in this Agreement, appropriate and set-off against
               and apply the same to such Indebtedness when and as due and
               payable. All of the above-described collateral is hereinafter
               referred to as the "Collateral".

            G. Section 5.01 is amended as follows:

               (i) Subsection (f) is deleted in its entirety and the following
            terms are substituted in place thereof:

               (f) Maintenance of Net Worth. Maintain, on a quarterly basis, a
               minimum Net Worth, as of September 30, 1998, of $34,000,000.00,
               with an annual increase in minimum Net Worth thereafter equal to
               fifty percent (50%) of Borrower's Net Income for the fiscal year
               ended September 30, 1999 and for each succeeding fiscal year end
               during and throughout the entire term of this Agreement.

               (ii) in Subsection (j), the number "3.0" is substituted in lieu
            of the number "2.50".

            H. Subsection 5.03(a) is amended by (x) deleting all clauses thereof
         following clause (ii), except for clause (iv) and except that clause
         (v) is renumbered as clause (iii), and (y) adding the following clauses
         immediately after clause (iv):

               (v) Subordinated Debt of the Borrower and the Guarantors, as well
               as any Subsidiary thereof, not to exceed One Million Dollars
               ($1,000,000.00) in the aggregate outstanding at any time, which
               is incurred pursuant to unsecured amortizing financing provided
               by sellers in connection with acquisitions made by the Borrower
               and the Guarantors, or any Subsidiary thereof;

               (vi) Existing Indebtedness under that certain first mortgage loan
               owing to NationsBank and encumbering real property located at
               2001 N.W. 107th Avenue, Miami, Florida;

               (vii) Indebtedness of the Borrower and the Guarantors with an
               aggregate outstanding principal balance not exceeding Twelve
               Million Dollars ($12,000,000) at any time for financing an office
               building in Orlando, Florida; and

                                     - 6 -
<PAGE>

               (viii) Indebtedness of the Borrower and the Guarantors with an
               aggregate outstanding principal balance not exceeding One Million
               Dollars ($1,000,000) at any time.

         6. Each and every reference to the Credit Agreement in the other Loan
Documents shall be deemed to refer to the Credit Agreement, as modified by this
Second Amendment.

         7. The obligation of the Lender to hereafter make any Advance(s) to the
Borrower is subject to satisfactory compliance with conditions precedent
requiring that the Lender shall have received from the Obligors, prior to or
simultaneously with the execution of this Second Amendment:

            A. Secretaries' certificates, dated as of the date of this Second
         Amendment, certifying as to resolutions of the Board of Directors of
         the Borrower and each of the Guarantors, authorizing the execution,
         delivery and performance of this Second Amendment and the related Loan
         Documents, the Borrowings under the Line, as hereby amended, the
         Guarantors' respective guarantees thereof, the grants of Collateral
         therefor, and the full force and effect of such resolutions on the date
         of this Second Amendment;

            B. the fully executed original (i) Revolvor Notes; (ii) Security
         Agreement; (iii) Financing Statements; and (iv) guarantee agreements,
         and/or reaffirmations thereof, from the Guarantors; each in form and
         substance acceptable to Lender;

            C. current certificates of good standing for each of the Obligors
         from the appropriate governmental official(s) of their respective
         jurisdictions of incorporation;

            D. the Articles of Incorporation of each of the Obligors, duly
         certified as current by the Secretary of State of their respective
         states of incorporation;

            E. the By-Laws of each of the Obligors certified as current and
         complete by their respective corporate secretaries;

            F. evidence of insurance on the Collateral, including hazard, flood
         and liability coverage, in such amounts, upon such terms, and with
         companies which are acceptable to Lender: (i) naming Lender as loss
         payee as its interests shall appear, and (ii) providing for at least
         thirty (30) days prior written notice to Lender of intent to cancel or
         modify;

            G. the written opinion of counsel for the Obligors, addressed, and
         in form and substance acceptable, to Lender and its counsel; and

            H. such additional documents, instruments and agreements as are
         required hereunder as well as those which the Lender or its counsel may
         reasonably request.

         8. Each of the Obligors represents and warrants to Lender that, except
as has been otherwise disclosed to Lender in writing, the representations and
warranties contained in the Credit Agreement and all related Loan Documents are
true and correct on and as of the date hereof (with

                                     - 7 -
<PAGE>

the same force and effect as if made on and as of the date hereof) and with
respect to this Second Amendment and the related documentation referenced
herein.

         9. (a) Each of the Obligors has (i) begun analyzing its operations and
those of its subsidiaries and affiliates that could be adversely affected by
failure to become Year 2000 compliant (that is, that computer applications,
embedded microchips and other systems will be able to perform date-sensitive
functions prior to and after December 31, 1999); and (ii) developed a plan for
becoming Year 2000 compliant in a timely manner, the implementation of which is
on schedule in all material respects. Each of the Obligors reasonably believes
that it will become Year 2000 compliant for its operations and those of its
subsidiaries and affiliates on a timely basis except to the extent that a
failure to do so could not reasonably be expected to have a material adverse
effect upon its financial condition. (b) Each of the Obligors reasonably
believes any suppliers and vendors that are material to its operations or those
of its subsidiaries and affiliates will be Year 2000 compliant for their own
computer applications except to the extent that a failure to do so could not
reasonably be expected to have a material adverse effect upon the financial
condition of any of the Obligors. (c) Each of the Obligors will promptly notify
Lender in the event any of them determines that any computer application which
is material to its operations, its subsidiaries or any of its material vendors
or suppliers will not be fully Year 2000 compliant on a timely basis, except to
the extent that such failure could not reasonably be expected to have a material
adverse effect upon the financial condition of any of the Obligors.

         10. Borrower shall pay all out-of-pocket expenses incurred by Lender in
connection with the preparation for and closing of the transaction contemplated
under this Second Amendment, including, without limitation, the fees and
expenses of special counsel for Lender. In addition, Borrower shall pay any and
all taxes (together with interest and penalties, if any, applicable thereto) and
fees, including, without limitation, documentary stamp taxes, now or hereafter
required in connection with the execution and delivery of the Credit Agreement,
as hereby amended, and all related documents, instruments and agreements,
including, without limitation, the promissory notes above-referenced.

         11. Except as expressly modified herein, all terms and provisions of
the Credit Agreement, and all other documents, instruments and agreements
executed and/or delivered in connection with the Credit Agreement, shall remain
unchanged and in full force and effect. In the event of any conflict,
inconsistency or incongruity between the terms of the Loan Documents (excluding
those of even date with this Second Amendment) and the terms of this Second
Amendment, the terms of this Second Amendment shall govern and control. No
consent of Lender hereunder shall operate as a waiver or continuing consent with
respect to any instance or event other than those specified herein.

         12. Borrower and the Guarantors agree to execute any and all further
documents and instruments that may be required under applicable law or which the
Lender may reasonably request in order to effectuate the transactions
contemplated by this Second Amendment.

         13. All covenants, agreements, representations and warranties contained
herein shall be binding upon and inure to the benefit of the parties hereto,
their respective successors and assigns, except that Borrower shall not have the
right to assign its rights hereunder or any interest herein

                                     - 8 -
<PAGE>

without the prior written consent of Lender, which consent the Lender may grant
or withhold in its discretion.

         14. This Second Amendment may be executed in any number of counterparts
and by different parties hereto in separate counterparts, each of which when so
executed shall be deemed to be an original and shall be binding upon all
parties, their successors and assigns, and all of which taken together shall
constitute one and the same agreement.

         15. This Second Amendment and each of the other Loan Documents shall be
governed by, and construed in accordance with, the laws of the State of Florida
[except as to those matters relating to interest rates or other lending terms
which are or may, at the election of the Lender, be governed by United States
(Federal) law].

         16. Any provision of this Second Amendment which is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the
remaining provisions hereof or affecting the validity or enforeceability of such
provision in any other jurisdiction.

         17. NOTICE OF FINAL AGREEMENT. BY SIGNING THIS DOCUMENT EACH PARTY
REPRESENTS AND AGREES THAT (A) THE WRITTEN CREDIT AGREEMENT (AS HEREBY AMENDED)
REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES, (B) THERE ARE NO UNWRITTEN
ORAL AGREEMENTS BETWEEN THE PARTIES, AND (C) THE WRITTEN CREDIT AGREEMENT (AS
HEREBY AMENDED) MAY NOT BE CONTRADICTED BY EVIDENCE OF ANY PRIOR,
CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OR UNDERSTANDINGS OF THE PARTIES.

         18. LENDER AND THE OBLIGORS EACH HEREBY KNOWINGLY, VOLUNTARILY AND
INTENTIONALLY WAIVE ANY RIGHT THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY
LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS
SECOND AMENDMENT OR THE CREDIT AGREEMENT AND ANY AGREEMENT, DOCUMENT OR
INSTRUMENT EXECUTED IN CONJUNCTION HEREWITH, OR ANY COURSE OF CONDUCT, COURSE OF
DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTIONS OF ANY PARTY HERETO.
THIS PROVISION IS A MATERIAL INDUCEMENT FOR LENDER ENTERING INTO THIS SECOND
AMENDMENT.

                      [signatures begin on following page]

                                     - 9 -
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Second
Amendment to be executed by their respective officers thereunto duly authorized,
as of the date first above written.

                                     LENDER:

                                     NATIONSBANK, N.A.

                                     By: /s/ DOUGLAS S. BOUCHER
                                         ---------------------------------------
                                             Douglas S. Boucher
                                     Title:  Vice President

                                     100 Southeast Second Street
                                     Miami, FL 33131
                                     Attention: Douglas S. Boucher
                                                Vice President

                                     WACHOVIA BANK, N.A.

                                     By: /s/ DAVID SHORE
                                         ---------------------------------------
                                             David Shore
                                     Title:  Senior Vice President

                                     222 Lakeview Avenue
                                     West Palm Beach, Florida 33401
                                     Attention: Steven C. Mayer, Vice President

                                     BORROWER:

                                     POST, BUCKLEY, SCHUH & JERNIGAN, INC.,
                                     a Florida corporation

                                     By: /s/ RICHARD A. WICKETT
                                         ---------------------------------------
                                             Richard A. Wickett
                                     Title:  Senior Executive Vice President

                                     2001 N.W. 107th Avenue
                                     Miami, Florida 33172-2507
                                     Attention: Richard A. Wickett

                                     - 10 -
<PAGE>

                                     THE PBSJ CORPORATION,
                                     a Florida corporation

                                     By: /s/ RICHARD A. WICKETT
                                         ---------------------------------------
                                             Richard A. Wickett
                                     Title:  Treasurer

                                     2001 N.W. 107th Avenue
                                     Miami, Florida 33172-2507
                                     Attention: Richard A. Wickett

                                     GUARANTORS:

                                     SEMINOLE DEVELOPMENT CORPORATION,
                                     a Florida corporation

                                     By: /s/ RICHARD A. WICKETT
                                         ---------------------------------------
                                             Richard A. Wickett
                                     Title:  Treasurer

                                     2001 N.W. 107th Avenue
                                     Miami, Florida 33172-2507
                                     Attention: Richard A. Wickett

                                     POST, BUCKLEY INTERNATIONAL, INC.,
                                     a Florida corporation

                                     By: /s/ RICHARD A. WICKETT
                                         ---------------------------------------
                                             Richard A. Wickett
                                     Title:  Treasurer

                                     2001 N.W. 107th Avenue
                                     Miami, Florida 33172-2507
                                     Attention: Richard A. Wickett

                                     - 11 -
<PAGE>

                                     PBS&J CONSTRUCTION SERVICES, INC.,
                                     a Florida corporation

                                     By: /s/ RICHARD A. WICKETT
                                         ---------------------------------------
                                             Richard A. Wickett
                                     Title:  Treasurer

                                     2001 N.W. 107th Avenue
                                     Miami, Florida 33172-2507
                                     Attention: Richard A. Wickett

                                     PBS&J CONSTRUCTORS, INC.,
                                     a Florida corporation

                                     By: /s/ RICHARD A. WICKETT
                                         ---------------------------------------
                                             Richard A. Wickett
                                     Title:  Treasurer

                                     2001 N.W. 107th Avenue
                                     Miami, Florida 33172-2507
                                     Attention: Richard A. Wickett

STATE OF NORTH CAROLINA                     )
                                            ) SS:
COUNTY OF MECKLENBURG                       )

         The foregoing instrument was acknowledged before me this 2nd day of
July, 1999 by Douglas S. Boucher, as Vice President of NATIONSBANK, N.A., on
behalf of the corporation. He/she is personally known to me or has produced
Drivers License (type of identification) as identification.

                            /s/ TONI P. STEPHENS
                            ----------------------------------------------------
                            Notary Public of the State of North Carolina

                            Print Name: Toni P. Stephens
                            Commission No.:
                            Commission Expires: 6-4-2003

                                      My Commission Expires 6-04-03

                                     - 12 -
<PAGE>

STATE OF NORTH CAROLINA                     )
                                            ) SS:
COUNTY OF MECKLENBURG                       )

         The foregoing instrument was acknowledged before me this 2nd day of
July, 1999 by David Shore, as Senior Vice President of WACHOVIA BANK, N.A., on
behalf of the corporation. He is personally known to me or has produced Drivers
License (type of identification) as identification.

                            /s/ TONI P. STEPHENS
                            ----------------------------------------------------
                            Notary Public of the State of North Carolina

                            Print Name: Toni P. Stephens
                            Commission No.:
                            Commission Expires: 6-4-2003

                                      My Commission Expires 6-04-03

STATE OF NORTH CAROLINA                     )
                                            ) SS:
COUNTY OF MECKLENBURG                       )

         The foregoing instrument was acknowledged before me this 2nd day of
July, 1999 by Richard A. Wickett, as Senior Executive Vice President of Post,
Buckley, Schuh & Jernigan, Inc., a Florida corporation, on behalf of the
corporation. He is personally known to me or has produced Drivers License (type
of identification) as identification.

                            /s/ TONI P. STEPHENS
                            ----------------------------------------------------
                            Notary Public of the State of North Carolina

                            Print Name: Toni P. Stephens
                            Commission No.:
                            Commission Expires: 6-4-2003

                                      My Commission Expires 6-04-03

                                     - 13 -
<PAGE>

STATE OF NORTH CAROLINA                     )
                                            ) SS:
COUNTY OF MECKLENBURG                       )

         The foregoing instrument was acknowledged before me this 2nd day of
July, 1999 by Richard A. Wickett, as Treasurer of The PBSJ Corporation, a
Florida corporation, on behalf of the corporation. He is personally known to me
or has produced Drivers License (type of identification) as identification.

                            /s/ TONI P. STEPHENS
                            ----------------------------------------------------
                            Notary Public of the State of North Carolina

                            Print Name: Toni P. Stephens
                            Commission No.:
                            Commission Expires: 6-4-2003

                                      My Commission Expires 6-04-03

STATE OF NORTH CAROLINA                     )
                                            ) SS:
COUNTY OF MECKLENBURG                       )

         The foregoing instrument was acknowledged before me this 2nd day of
July, 1999 by Richard A. Wickett, as Treasurer of Seminole Development
Corporation, a Florida corporation, on behalf of the corporation. He is
personally known to me or has produced Drivers License (type of identification)
as identification.

                            /s/ TONI P. STEPHENS
                            ----------------------------------------------------
                            Notary Public of the State of North Carolina

                            Print Name: Toni P. Stephens
                            Commission No.:
                            Commission Expires: 6-4-2003

                                      My Commission Expires 6-04-03

                                     - 14 -
<PAGE>

STATE OF NORTH CAROLINA                     )
                                            ) SS:
COUNTY OF MECKLENBURG                       )

         The foregoing instrument was acknowledged before me this 2nd day of
July, 1999 by Richard A. Wickett, as Treasurer of Post, Buckley International,
Inc., a Florida corporation, on behalf of the corporation. He is personally
known to me or has produced Drivers License (type of identification) as
identification.

                            /s/ TONI P. STEPHENS
                            ----------------------------------------------------
                            Notary Public of the State of North Carolina

                            Print Name: Toni P. Stephens
                            Commission No.:
                            Commission Expires: 6-4-2003

                                      My Commission Expires 6-04-03

STATE OF NORTH CAROLINA                     )
                                            ) SS:
COUNTY OF MECKLENBURG                       )

         The foregoing instrument was acknowledged before me this 2nd day of
July, 1999 by Richard A. Wickett, as Treasurer of PBS&J Construction Services, a
Florida corporation, on behalf of the corporation. He is personally known to me
or has produced Drivers License (type of identification) as identification.

                            /s/ TONI P. STEPHENS
                            ----------------------------------------------------
                            Notary Public of the State of North Carolina

                            Print Name: Toni P. Stephens
                            Commission No.:
                            Commission Expires: 6-4-2003

                                      My Commission Expires 6-04-03

                                     - 15 -
<PAGE>

STATE OF NORTH CAROLINA                     )
                                            ) SS:
COUNTY OF MECKLENBURG                       )

         The foregoing instrument was acknowledged before me this 2nd day of
July, 1999 by Richard A. Wickett, as Treasurer of PBS&J Constructors Inc., a
Florida corporation, on behalf of the corporation. He is personally known to me
or has produced Drivers License (type of identification) as identification.

                            /s/ TONI P. STEPHENS
                            ----------------------------------------------------
                            Notary Public of the State of North Carolina

                            Print Name: Toni P. Stephens
                            Commission No.:
                            Commission Expires: 6-4-2003

                                      My Commission Expires 6-04-03

                                     - 16 -EXHIBIT 10.12

                                 CYPRESS COMMONS

                             OFFICE LEASE AGREEMENT

               Landlord:      Cypress-Tampa II Limited Partnership

               Tenant:        Post, Buckley, Schuh & Jernigan, Inc.

               Building:      Cypress Commons

               Suite:         Suites 295 and 300

               Sq. Ft.:       46,803 square feet (approximately)

               Term:          60 months

<PAGE>

                                Table of Contents

LANDLORD:         Cypress-Tampa 11 Limited Partnership
TENANT:           Post, Buckley, Schuh & Jernigan, Inc.                    Page

1.       PREMISES............................................................1
2.       TERM................................................................1
3.       BASE RENT...........................................................2
4.       ESCALATION OF BASE RENT.............................................2
5.       REIMBURSEMENT FOR INCREASES IN OPERATING EXPENSES AND TAXES.........2
6.       USE.................................................................4
7.       TENANT's CARE.......................................................4
8.       SERVICES............................................................5
9.       DESTRUCTION OR DAMAGES TO PREMISES..................................6
10.      DEFAULT BY TENANT - LANDLORD's REMEDIES.............................6
11.      ASSIGNMENT AND SUBLETTING ..........................................8
12.      CONDEMNATION .......................................................8
13.      INSPECTION..........................................................9
14.      SUBORDINATION ......................................................9
15.      ADDITIONAL AGREEMENTS OF TENANT.....................................9
16.      RIGHTS CUMULATIVE..................................................10
17.      HOLDING OVER ......................................................10
18.      ENTIRE AGREEMENT - NO WAIVER.......................................10
19.      HEADINGS...........................................................10
20.      NOTICES............................................................10
21.      HEIRS, SUCCESSORS AND ASSIGNS - PARTIES............................10
22.      ATTORNEY FEES......................................................11
23.      TIME OF ESSENCE ...................................................11
24.      SECURITY DEPOSIT...................................................11
25.      COMPLETION OF THE PREMISES.........................................11
26.      PARKING ARRANGEMENTS...............................................11
27.      RULES AND REGULATIONS..............................................11
28.      RIGHT TO RELOCATE..................................................11
29.      LATE PAYMENTS......................................................11
30.      ESTOPPEL CERTIFICATE...............................................12
31.      SEVERABILITY AND INTERPRETATION....................................12
32.      MULTIPLE TENANTS...................................................12
33.      FORCE MAJEURE .....................................................12
34.      QUIET ENJOYMENT....................................................12
35.      BROKERAGE COMMISSION...............................................12
36.      LANDLORD's DEFAULT ................................................12
37.      ORIGINAL INSTRUMENT................................................13
38.      FLORIDA LAW .......................................................13
39.      NO RECORDATION OF LEASE............................................13
40.      HAZARDOUS MATERIALS ...............................................13
41.      AIR QUALITY........................................................13
42.      RADON GAS..........................................................13
43.      WAIVER OF JURY TRIAL ..............................................13
44.      COMPLIANCE WITH THE AMERICANS WITH DISABILITIES ACT................14
45.      LEASE BINDING UPON DELIVERY; NO OPTION; OFFER IRREVOCABLE .........14
46.      NO LIABILITY FOR CRIMES............................................14
47.      CONFIDENTIALITY....................................................14
48.      NO SMOKING ........................................................14
49.      SURVIVAL OF OBLIGATIONS............................................14
50.      ERISA AND UBTI RESTRICTIONS........................................14
51.      OPTION TO EXPAND           ........................................15
52.      OPTION TO RENEW....................................................15
53       INTERLINEATION.....................................................16
EXHIBIT "A" -   FLOOR PLAN
EXHIBIT "B" -   WORK LETTER AGREEMENT
EXHIBIT "C" -   COMMENCEMENT DATE AGREEMENT AND ACCEPTANCE OF PREMISES
EXHIBIT "D" -   RULES AND REGULATIONS
EXHIBIT "E" -   ESTOPPEL CERTIFICATE
EXHIBIT "F" -   DESCRIPTION OF THE PROPERTY
EXHIBIT "G" -   DELIBERATELY OMITTED
EXHIBIT "H" -   DELIBERATELY OMITTED
EXHIBIT "I" -   EXPANSION SPACE FLOOR PLAN
EXHIBIT "J" -   ADDENDUM TO LEASE

<PAGE>

                                 LEASE AGREEMENT
                              FOR OFFICE FACILITIES

     THIS LEASE (the "Lease"), made as of March 25, 1998, by and between
Cypress-Tampa II Limited Partnership, a limited partnership organized and
existing under the provisions of the Revised Uniform Limited Partnership Act of
the State of Delaware (herein called "Landlord"), having as its general partner
RPF II Realty Corp., a Delaware corporation, and having as its limited partner
GE Investment Realty Partners III, Limited Partnership, a Delaware limited
partnership, with Landlord having its address as c/o General Electric Investment
Corporation, Post Office Box 7900, 3003 Summer Street, Stamford Square,
Stamford, Connecticut 06904-7900, and Post, Buckley, Schuh & Jernigan, Inc., a
Florida corporation, (herein called "Tenant"), whose address is 2001 NW 107th
Avenue, Miami, Florida, 33172-2507.

                                  W I T N E S S E T H:
                                  -------------------

PREMISES

     1. Landlord hereby leases to Tenant and Tenant hereby rents and leases from
Landlord the following described space, herein called "Premises":

     Tenant's
     Rentable Area:   Agreed to be by Landlord and Tenant, for purposes of this
                      Lease, 46,803 square feet, which includes Tenant's share
                      of common area facilities

     Floors:      2nd and 3rd

     Suite:       Suite 295 (7,122 rentable square feet) which includes the
                  Mandatory Expansions Space(as those terms are defined below)
                  of 2,658 rentable square feet; Suite 300 (39,681 rentable
                  square feet), located at: 5300 West Cypress Street, Tampa,
                  Florida, 33607

     Building:    Cypress Commons (herein called "Building")

     Total Building
     Rentable Area:   Agreed to be by Landlord and Tenant, for the purposes of
                      this Lease, 113,856 square feet which includes common area
                      facilities of the Building

     Property:        All that tract or parcel of land in Hillsborough County,
                      Florida, more particularly described on Exhibit "F"
                      attached hereto and by this reference incorporated herein

     Address:         5300 West Cypress Street, Tampa, Florida, 33607

     The Premises are more particularly shown and cross-hatched on the floor
plans attached hereto as Exhibit "A" and made a part hereof. The Premises shall
include the appurtenant right to the use, in common with others, of lobbies,
entrances, stairs, corridors, elevators and other public portions of the
Building. All the windows and outside walls of the Premises, and any space in
the Premises used for shafts, pipes, conduits, ducts, electric or other
utilities, sinks or other Building facilities, and the use thereof and access
thereto through the Premises for the purposes of operation, maintenance and
repairs, are reserved to Landlord. Tenant acknowledges that neither Landlord nor
its agents or employees have made any representations or warranties as to the
suitability or fitness of the Premises for the conduct of Tenant's business or
for any other purpose, nor has Landlord or its agents or employees agreed to
undertake any alterations or construct any tenant improvements to the Premises
except as expressly provided on the attached Exhibit "B" and made a part hereof.

     On the date Landlord delivers to Tenant possession of adjacent expansion
space as depicted on Exhibit "A" (the "Mandatory Expansion Space") which
Mandatory Expansion Space is currently occupied by another tenant of the
Building, estimated to be on or about, May 1, 1998, and thereafter throughout
the Lease Term, the Premises will be deemed increased in size to include the
Mandatory Expansion Space (2,658 rentable square feet) and the Base Rent and
Tenant's Share shall be increased appropriately. Tenant shall accept the said
Mandatory Expansion Space in its "as is" condition. If for any reason Landlord
cannot deliver possession of the Mandatory Expansion Space to Tenant on or about
May 1, 1998, the lease of the Mandatory Expansion Space will not be void or
voidable, and Landlord will not be liable to Tenant for any resultant loss or
damage. However, if possession of the Mandatory Expansion Space is not delivered
to Tenant on or before May 1, 1998, Landlord agrees to use its best efforts to
obtain possession of the Mandatory Expansion Space through legal action in an
effort to deliver said space on or before June 1, 1998. Tenant will execute
documentation to evidence the commencement date of the lease as to the Mandatory
Expansion Space within fifteen (15) days of Landlord's request.

TERM

     2. A. The term of this Lease (herein called "Lease Term") shall commence
(the date of such commencement being herein called the "Commencement Date") on
July 1, 1998. Unless sooner terminated as herein provided, the Lease Term shall
expire on June 30, 2003.

         B. For purposes of this Lease the term "Rent Commencement Date" shall
mean the Commencement Date. As of the Rent Commencement Date, Tenant takes and
accepts from Landlord the Premises upon the terms and conditions herein
contained, in its then condition,

                                     Page 1
<PAGE>

Tenant agreeing that such condition is suited for the uses intended by Tenant.
This Lease shall be effective and enforceable as between the parties hereof upon
its execution and delivery, regardless of whether such execution and delivery
occurs on, prior to or after the Commencement Date.

BASE RENT

     3. Tenant shall pay to Landlord the sum of Four million, three-hundred
eighty-nine thousand, nine-hundred ninety and no/100 Dollars ($4,389,990.00)
Base Rent (amounts do not include sales tax) as follows:

         Period                       Rate PRSR              Base Rent per Month
         05/01/98*- 06/30/98          $16.00                 $58,860.00
         07/01/98 - 06/30/99          $16.00                 $62,404.00
         07/01/99 - 06/30/00          $17.00                 $66,304.25
         07/01/00 - 06/30/01          $18.00                 $70,204.50
         07/01/01 - 06/30/02          $19.00                 $74,104.75
         07/01/02 - 06/30/03          $20.00                 $78,005.00

*Or on the date Landlord delivers the Mandatory Expansion Space to Tenant in
substantially completed condition, whichever date is later.

in respect of each year of the Lease Tenn as Base Rent for the Premises, payable
in advance and without notice in monthly installments as shown above, commencing
on the Rent Commencement Date and continuing on the first day of each and every
calendar month thereafter during the Lease Term and Additional Rent as those
terms are described in Paragraph 5 hereof) shall be paid to Landlord, without
deduction or offset, as an independent covenant of all other covenants in this
Lease, in lawful money of the United States of America at 5405 Cypress Center
Drive, Suite 105, Tampa, Florida, 33609, or to such other person or at such
other place as Landlord may from time to time designate in writing. All amounts
owed by Tenant to Landlord under this Lease shall be deemed Rent.

Tenant agrees to pay the Florida Sales Tax or any other applicable taxes on all
Rent (whether Base Rent, rental escalation, reimbursement of expenses or
otherwise) payable hereunder.

It is further understood and agreed that Tenant's payments of Additional Rent or
Rental Adjustment shall not be deemed payments of Base Rent as that term is
construed relative to governmental wage and price controls or analogous
governmental actions affecting the amount of rental which Landlord may charge
Tenant. In no event shall any such controls or actions result in reduction of
the Base Rent, Additional Rent or Rental Adjustments.

ESCALATION OF BASE RENT

     4.  (Deliberately Omitted.)

REIMBURSEMENT FOR INCREASES IN OPERATING EXPENSES

     5.  A. The Base Rent provided for herein is based, in part, upon "Operating
Costs," as hereinafter defined, of repairing, maintaining, and operating the
Building and Property during each calendar year of the Term.

         The "Initial Operating Costs" are stipulated to be the actual Operating
         Costs for the 1998 calendar year.

         B. The term "Operating Costs" shall mean all operating expenses of the
Property and Building which shall be computed on the accrual basis and which
shall include all expenses, costs, and disbursements of every kind and nature,
which Landlord (i) shall pay, (ii) become obligated to pay, and/or (iii) would
otherwise pay or be obligated to pay (except for specific third party
contractual agreements alleviating Landlord from any such expense burdens)
because of or in connection with the ownership and operation of the Property,
including, but not limited to, the following:

               (i) Wages and salaries of all employees engaged in the operation
          and maintenance of the Property and Building, up to and including the
          Building Manager, including taxes, insurance and benefits relating
          thereto;

               (ii) All supplies and materials used in the operating and
          maintenance of the Property and Building;

               (iii)Cost of water, sewage, power (including all costs, charges,
          and expenses incurred in connection with any change of any electric
          service provider), heating, lighting, air conditioning, ventilating,
          and other utilities furnished in connection with the operation of the
          Building;

               (iv) Cost of all service agreements and maintenance for the
          Property and Building and the equipment therein, including, but not
          limited to, security services, alarm services, window cleaning,
          janitorial service, HVAC maintenance, elevator maintenance, and
          grounds maintenance;

               (v) Cost of all insurance relating to the Property and Building
          including without limitation the cost of casualty and liability
          insurance applicable to the Property and Building and Landlord's
          personal property used in connection therewith;

               (vi) All taxes (ad valorem and otherwise), assessments, and
          governmental charges whether Federal, State, County, or Municipal and
          whether by taxing districts or authorities presently taxing the
          Property and Building or by others, subsequently

                                     Page 2
<PAGE>
          created or otherwise, and any other taxes (other than Federal and
          State income taxes) and assessments attributable to the Property and
          Building or its operation;

               (vii) Cost of repairs, replacement and general maintenance of the
          interior and exterior of the Property and Building (including but not
          limited to the cost of replacing glass, motors, common area carpeting,
          flooring and floor coverings, wall covering, paint, ceilings and other
          finishes), parking areas, and landscaping;

               (viii) reasonable management fee for general operation and
          management of the Property and Building not to exceed four (4%)
          percent per calendar year of the gross rentals received by Landlord
          from the tenants and licensees in the Building;

               (ix) A reasonable amortization cost due to any capital
          expenditures incurred to reduce or limit operating expenses of the
          Property and Building, or which may be required by governmental
          authority or by Landlord's insurance carrier;

               (x) A reasonable amortization cost due to any capital
          expenditures incurred to provide electronic security for the Building.

     Expressly excluded from the definition of the term "Operating Costs" are:

               (i) Replacement of capital investment items (excepting those
          expenditures referred to above);

               (ii) Landlord's home office expense;

               (iii) Leasing commissions;

               (iv) Specific costs billed to and paid by specific tenants or
          other third parties other than that portion collected by Landlord for
          after hours HVAC in excess of Landlord's actual out-of-pocket costs;

               (v) Depreciation;

               (vi) Principal, interest, and other costs directly related to
          financing the Building;

               (vii) The cost of any repairs or general maintenance paid by the
          proceeds of insurance policies carried by Landlord on the Property and
          Building.

         C. The term "Tenant's Share" shall mean the proportion that Tenant's
Rentable Area bears to ninety-five percent (95%) of the Total Building Rentable
Area, or the average percentage of the Total Building Rentable Area actually
leased in the Building, if such average is greater than ninety-five percent
(95%) of the Total Building Rentable Area for any calendar year. The average
percentage of the Total Building Rentable Area actually leased in the Building
shall be determined by adding together the total leased space on the last day of
each month during any calendar year and dividing by twelve (12). Notwithstanding
anything to the contrary contained herein, in the event the Building is not
fully occupied throughout any calendar year, for purposes of determining the
amounts of Additional Rent due under this Section 5, appropriate adjustments
shall be made to determine Operating Costs as though the Building had been fully
occupied throughout such calendar year, but in no event shall Tenant ever be
required to pay more than Tenant's Share of Operating Costs.

         D. In the event that the Actual Operating Costs (as those terms are
defined below) for the calendar year (projected for a full calendar year in the
event the Rent Commencement Date occurs in the year that the Building is
completed and first ready for occupancy) in which this Lease commences ("Initial
Calendar Year") exceeds the Initial Operating Costs set out in Paragraph 5.A.
above, Tenant shall pay Tenant's Share of the Initial Calendar Year's increase
in the Operating Costs over the Initial Operating Costs as set forth above
proportionately to the extent that Tenant's Lease was in effect during the
Initial Calendar Year. Any increase payable by Tenant under this provision shall
be deemed "Additional Rent." Landlord shall, within the period of one hundred
twenty (120) days (or as soon thereafter as practical) after the close of the
Initial Calendar Year, give Tenant an unaudited statement of such year's Actual
Operating Costs ("Actual Operating Costs"), and a comparison with the Initial
Operating Costs, and if Additional Rent is due, Tenant shall pay such Additional
Rent to Landlord within thirty (30) days of statement receipt.

         On or about January 1 of each calendar year after the Initial Calendar
Year mentioned above (or as soon thereafter as practical), Landlord shall
provide Tenant with a comparison of the Initial Operating Costs and the
projected Operating Costs (the "Projected Operating Costs") for such current
calendar year, and Tenant shall thereafter pay, as "Additional Rent" Tenant's
Share of any projected increase in Landlord's Projected Operating Costs for
operating the Property and Building that exceeds the Initial Operating Costs;
same being payable in advance on a monthly basis by way of paying 1/12th of such
projected increase during each month of such respective calendar year. If
Landlord has not furnished Tenant such comparison by January 1, Tenant shall
continue to pay on the basis of the prior year's estimate until the month after
such comparison is given. Landlord shall, within a period of one hundred twenty
(120) days (or as soon thereafter as practical) after the close of each such
respective calendar year following the Initial Calendar Year of occupancy
provide Tenant an unaudited statement of such year's Actual Operating Costs
compared to the Initial Operating Costs. If the Actual Operating Costs are
greater than the Projected Operating Costs, Tenant shall pay Landlord, within
thirty (30) days of such statement's receipt, Tenant's Share of the difference
thereof. If such year's Projected Operating Costs are greater than the Actual
Operating Costs, Landlord shall credit Tenant, within thirty (30) days of such
statement issuance, Tenant's Share of the difference between the Projected
Operating Costs and the greater of Actual Operating Costs or Initial Operating
Costs.

         E. Anything herein to the contrary notwithstanding, in no event shall
the Base Rent as set forth in Paragraph 3 ever be reduced.

                                     Page 3
<PAGE>
         F. Should this Lease commence or terminate at any time other than the
first day of a calendar year the amount of Additional Rent due from Tenant shall
be proportionately adjusted based on that portion of the year that this Lease
was in effect.

         G. Provided that Tenant is not then in default beyond any applicable
cure period of its obligations to pay Base Rent, Additional Rent, or any other
payments required to be made by it under this Lease and provided further that
Tenant strictly complies with the provisions of this Section 4(G), Tenant shall
have the right to dispute the amount of Actual Operating Costs once each
calendar year, in accordance with the following procedure:

         (i) Tenant shall, within forty five (45) business days after any such
Landlord's comparison statement is delivered, deliver a written notice to
Landlord specifying the portions of the Landlord's comparison statement that are
claimed to be incorrect, and Tenant shall promptly pay to Landlord all amounts
due from Tenant to Landlord as specified in the Landlord's comparison statement.
Except as expressly set forth in subsection (iii) below, in no event shall
Tenant be entitled to withhold, deduct, or offset any monetary obligation of
Tenant to Landlord under the Lease (including, without limitation, Tenant's
obligation to make all payments of Base Rent and all payments of Tenant's
Projected Operating Costs) pending the completion of and regardless of the
results of any review of records under this Section 5(G). The right of Tenant
under this Section 5(G) may only be exercised once for any Landlord's comparison
statement, and if Tenant fails to meet any of the above conditions as a
prerequisite to the exercise of such right, the right of Tenant under this
Section 4(G) for a particular Landlord's comparison statement shall be deemed
waived.

         (ii) The disputed portion of the Landlord's comparison statement shall
promptly be referred by Landlord for prompt decision by a certified public
accountant, architect, insurance broker or other professional consultant who
shall be approved in advance in writing by Tenant, who shall be deemed to be
acting as expert(s) and not arbitrator(s), and a determination signed by the
selected expert(s) shall be final and binding on both Landlord and Tenant.
Tenant shall not unreasonably withhold or delay its approval. If Landlord and
Tenant are unable to agree on an expert within thirty (30) days after Tenant
serves Landlord with the dispute notice, the disputed items shall be handled by
arbitration pursuant to the rules of the American Arbitration Association and if
arbitrated, the fees of the arbitrators shall be paid equally by Landlord and
Tenant regardless of the outcome of the arbitration. Tenant acknowledges and
agrees that any records reviewed under this Section 4(G) constitute confidential
information of Landlord, which shall not be disclosed to anyone other than the
expert(s) or arbitrators, as the case may be, performing the review and the
principals of Tenant who receive the results of the review. The disclosure of
such information to any other person, whether or not caused by the conduct of
Tenant, shall constitute a material breach of this Lease.

         (iii) Any errors disclosed by the review shall be promptly corrected by
Landlord. Any adjustment required to any previous payment made by Tenant or
Landlord by reason of any such expert's(s') decision shall be made within thirty
(30) days thereof, and Landlord and Tenant agree to share equally in the payment
of the cost(s) of the experts.

USE

     6. Tenant shall use and occupy Premises only as general professional
administrative offices consistent with the professional character of the
Building and its tenants. No other use is permitted hereunder unless
specifically approved in writing by Landlord. Tenant's use of such specific
Premises shall not violate any ordinance, law or regulation of any governmental
body or the "Rules and Regulations" of Landlord as set forth in Exhibit "D"
attached hereto and made a part hereof and any changes thereto. Tenant agrees to
conduct its business in the manner and according to the generally accepted
business principles of the business or profession in which Tenant is engaged.
Sustained occupancy of only four (4) per 1,000 rentable square feet of Tenant's
employees and contract workers are permitted in the Premises at any one time.

TENANT'S CARE

     7.  A. Tenant will maintain the Premises in good condition and the fixtures
and appurtenances therein, and will suffer no active or permissive waste or
injury thereof. All such repair work, maintenance and any alterations permitted
by Landlord shall be done at Tenant's expense by Landlord's employees or, with
Landlord's express written consent, by persons requested by Tenant and
authorized in writing by Landlord. Tenant shall, at Tenant's expense, but under
the direction of Landlord and performed by Landlord's employees, or with
Landlord's express written consent, by persons requested by Tenant and
authorized in writing by Landlord, promptly repair any injury or damage to
Premises or Building caused by misuse or neglect thereof by Tenant, or by
persons permitted on Premises by Tenant, or by Tenant moving in or out of
Premises.

         B. See Section 8 of Exhibit J.

         C. No later than the last day of the Lease Term, Tenant will remove all
Tenant's personal property and repair all injury done by or in connection with
installation or removal of said property and surrender Premises (together with
all keys to Premises and/or the Building and access cards to the facility) in as
good a condition as they were at the beginning of the Lease Term, reasonable
wear excepted. All property of Tenant remaining on Premises after expiration of
the Lease Term shall be deemed conclusively abandoned and may be removed by
Landlord, and Tenant shall reimburse Landlord for the cost of removing the same,
subject however, to Landlord's right to require Tenant to remove any
improvements or additions made to Premises by Tenant pursuant to the preceding
Sub-Paragraph B.

         D. Deliberately omitted.

         E. Tenant shall not place nor maintain any food or drink coin operated
vending machines within the Premises or Building without the written consent of
Landlord, except no such consent shall be required for Tenant to place up to
five (5) such vending machines at any one time within the Premises.

                                     Page 4
<PAGE>
         F. Tenant agrees that all personal property brought into the Premises
by Tenant, its employees, licensees and invitees shall be at the sole risk of
Tenant; and Landlord shall not be liable for theft thereof or of money deposited
therein or for any damages thereto, unless such damage is solely and proximately
caused by Landlord's gross negligence or wilful misconduct, such theft or damage
being the sole responsibility of Tenant.

         G. Tenant shall obtain Landlord's consent, such consent not to be
unreasonably withheld or delayed, as to the location or relocation within the
Premises of any heavy objects or furnishings, which may cause or tend to cause
"floor loading" problems or otherwise cause damage to the Building.

SERVICES

     8.  A. Provided Tenant is not in default under this Lease, Landlord shall
fumish the following services:

            (i) Elevator service for passenger and delivery needs.

            (ii) Subject to government regulations, air conditioning during
         summer operations and heat during winter operations at temperature
         levels similar to other first class office buildings in the Tampa area
         but consistent with all Federal and local energy conservation
         regulations.

            (iii) Running water for all restrooms and lavatories.

            (iv) Restrooms, including the furnishing of soap, paper towels, and
         toilet tissue.

            (v) Janitorial service, similar to that provided in comparable
         buildings, including sanitizing, dusting, cleaning, mopping, vacuuming,
         and trash removal, each Monday through Friday plus floor waxing and
         polishing, window washing, and venetian blind cleaning as determined by
         Landlord. Landlord is not obligated to clean window coverings, clean or
         shampoo carpets, paint or decorate the Premises.

            (vi) Electric power, for small desk-top type machines or hand held
         devices, such as typewriters, adding machines and recording machines,
         normally used in business offices. Landlord is aware of Tenant's
         current business operations and related use of electric power to
         operate its current office equipment. Landlord acknowledges that
         Tenant's current use of office equipment under the circumstances as set
         forth herein are consistent with normal office usage of electricity and
         Landlord agrees not to levy any extra charge for electricity in
         connection therewith, however, Landlord reserves the right to charge
         for electrical usage of such office equipment if the electrical power
         consumption of the Premises is materially increased.

            (vii) Electric lighting, suitable for normal office work at desk
         height except in corridors, common areas, parking facilities or storage
         areas, and including the replacement of Building Standard lamps and
         ballasts as needed.

            (viii) Repairs and maintenance, for maintaining in good order at all
         times the exterior walls, windows, doors, and roof of the Building,
         public corridors, stairs, elevators, storage rooms, restrooms, the
         heating, ventilating and air conditioning systems, electrical and
         plumbing systems of the Building, and the walks, paving and landscaping
         surrounding the Building. Tenant shall be responsible for damage other
         than normal wear and tear to the Premises when caused by Tenant's usage
         and occupancy of Premises. Landlord agrees to replace the roof membrane
         on or before December 31, 2002, regardless of the need, unless the roof
         existing on the Commencement Date has experienced three or more
         significant and material roof leaks after January 1, 1999, in which
         case the roof membrane shall be replaced promptly thereafter. During
         the period between the occurrence of the third significant and material
         roof leak and the commencement of the work to the roof membrane,
         Landlord shall compensate Tenant for Tenant's actual reasonable
         out-of-pocket expenses incurred due to damages to the Premises itself,
         and Tenant's furniture, fixtures and equipment. Tenant agrees to report
         any roof leaks to Landlord upon discovery. Anything to the contrary in
         this Sub-Paragraph (viii) notwithstanding, a new roof will not be
         required if the roof membrane has already been replaced after the
         Commencement Date.

            (ix) Grounds care, including the sweeping of walks and parking areas
         and the maintenance of landscaping in an attractive manner.

            (x) Fire and extended coverage insurance to protect Landlord's
         interest in the Building.

            (xi) General management, including supervision, inspections and
         management functions.

            (xii) Non-exclusive use of the Building's conference room (if
         provided by Landlord from time to time) on a "first come, first served
         basis" pursuant to Landlord's reasonable rules and regulations, without
         charge except for Landlord's reasonable janitorial charges.

         B. The services provided for in Paragraph 8.A. herein, and the amount
of Rent prescribed herein are predicated on and are in anticipation of certain
usage of the Premises by Tenant as follows:

            (i) Services shall be provided for the Building during normal
         business hours established in other first class office buildings in the
         Tampa area and initially shall be: from 8:00 A.M. to 6:00 P.M. on
         Mondays through Fridays, and from 8:00 A.M. to Noon on Saturdays,
         except for national holidays as defined in the Rules and Regulations.
         After-hours HVAC

                                     Page 5
<PAGE>

         services are available to Tenant at Landlord's current rate of $15.00
         per hour per floor, which rate shall increase in proportion to any
         increase in the Landlord's cost of a kilowatt hour of electricity.

            (ii)  Air conditioning design is based upon:

                  (a) sustained outside temperatures being no higher than 92
                  degrees Fahrenheit and no lower than 40 degrees Fahrenheit,

                  (b) sustained occupancy of the Premises by no more than four
                  (4) persons per 1,000 square feet of floor area, and

                  (c) heat generated by a connected load not to exceed 2.3 watts
                  per square foot of floor area. For purposes here, "connected
                  load" includes all the electrical consumption within the
                  Premises whether by lighting, hard-wired fixtures or plug-in
                  equipment (including all desk top machines, hand held devices,
                  computers, calculators and other similar business equipment)
                  whether owned by Landlord or Tenant.

Except when due to Force Majeure, the rent shall abate for each full day that
the average dry bulb temperature at any one time in the Premises is higher than
79 degrees Fahrenheit or lower than 70 degrees Fahrenheit.

         C. If Tenant uses services in an amount or for a period in excess of
that provided for herein, then Landlord reserves the right to charge Tenant, as
Additional Rent, a reasonable sum as reimbursement for the direct cost of such
added services, and Landlord reserves the right to install separate metering
devices for the purpose of determining such excessive periods and/or amounts at
Tenant's expense. In the event of disagreement as to the reasonableness of such
additional charge, the opinion of the appropriate local utility company or an
independent professional engineering firm shall prevail. If Landlord reduces
such services, and such reduction selected by Landlord is reasonable, Tenant
shall have no claim against Landlord for such reduction. Telecommunications
contractors supplying services within the Premises who do not utilize the areas
of the Building outside the Premises and impact the Building may enter the
Premises with Landlord's prior written approval, but without the requirement of
executing a license agreement with Landlord or paying any fee to Landlord.
Telecommunications providers other than those described in the preceding
sentence shall enter the Building to provide services to Tenant only upon
Landlord's prior written approval, which approval shall not be unreasonably
withheld or delayed, and shall require such provider to execute Landlord's
license agreement and pay a fee customary for such entry.

         D. Landlord shall not be liable for any damages directly or indirectly
resulting from the installation, use, malfunction, or interruption of use of any
equipment or apparatus in connection with the furnishing of services referred to
herein, and particularly any interruption in services by any cause beyond the
immediate control of the Landlord; but Landlord shall exercise due care in
furnishing adequate and uninterrupted services. Without limitation of the
foregoing, under no circumstances shall Landlord incur liability for damages
caused directly or indirectly by any malfunction or interruption of a computer
or telecommunications system or systems or the furnishing of services referred
to herein, within the Building resulting from or arising out of the failure,
malfunction, or interruption of any electrical, telecommunications,
air-conditioning, heating, or other system serving the Building, whether or not
such loss, or damage results from any fault, default, negligence, act or
omission of Landlord or its agents, servants, employees, or any other person for
whom Landlord is in law responsible.

DESTRUCTION OR DAMAGE TO PREMISES

     9. A. If the Premises or the Building are totally destroyed (or so
substantially damaged as to be untenantable in the reasonable determination by
the Landlord) by storm, fire, earthquake, or other casualty, Rent shall abate
from the date of such damage or destruction and Landlord shall have the option
to

         (i) cancel this Lease as of the date of the occurrence of the fire or
         other casualty by giving written notice to the Tenant within sixty (60)
         days from the date of such damage or destruction, or

         (ii) commence the restoration of the Premises to a tenantable condition
         within sixty (60) days from the receipt of insurance settlement.

In the event the Landlord fails to complete such restoration within one hundred
twenty (120) days of receipt of insurance settlement proceeds, this Lease may be
terminated as of the date of such receipt of insurance proceeds upon written
notice from either party to the other given not more than ten (10) days
following the expiration of said one hundred twenty (120) day period. In the
event such notice is not given, then this Lease shall remain in force and effect
and Rent shall commence upon delivery of the Premises to Tenant in a tenantable
condition. In the event such damage or destruction occurs within six (6) months
of the expiration of the Lease Term, Tenant may, at its option on written notice
to Landlord within thirty (30) days of such destruction or damage, terminate
this Lease as of the date of such destruction or damage.

         B. If Premises are damaged but not rendered wholly untenantable by any
of the events set forth in Sub-Paragraph A above, Rent shall abate in such
proportion as Premises have been damaged and Landlord shall restore Premises as
speedily as practicable, whereupon full Rent shall commence.

         C. In no event shall Rent abate if the damage or destruction of the
Premises, whether total or partial, is the result of the negligence of Tenant,
its agents, employees, guests or invitees.

DEFAULT BY TENANT - LANDLORD'S REMEDIES

     10. A. The occurrence of any of the following shall constitute an event
of default hereunder by Tenant:

                                     Page 6
<PAGE>
                  (i) The Rent payable under the Lease (including any Additional
         rent) or any other sum of money due hereunder is not paid when due, and
         such default continues for ten (10) days after written notice from
         Landlord;

                  (ii) Deliberately Omitted;

                  (iii) Any petition is filed by or against Tenant under any
         section or chapter of the National or Federal Bankruptcy Act or any
         other applicable Federal or State bankruptcy, insolvency or other
         similar law, and, in the case of a petition filed against Tenant, such
         petition is not dismissed within thirty (30) days after the date of
         such filing;

                  (iv) Tenant shall become insolvent or transfer property in
         fraud of creditors;

                  (v) Tenant fails to remove any lien filed against the Premises
         or the Building by reason of Tenant's actions within five (5) days
         after any such filing;

                  (vi) Tenant shall make an assignment for benefit of creditors;

                  (vii) A receiver is appointed for any of Tenant's assets;

                  (viii) Tenant fails to observe, perform and keep each and
         every of the covenants, agreements, provisions, stipulations and
         conditions herein contained to be observed, performed and kept by
         Tenant (other than payment of Rent) and persists in such failure after
         ten (10) business days notice by Landlord requiring that Tenant remedy,
         correct, desist or comply (or if any such breach would reasonably
         require more than ten (10) business days to rectify, unless Tenant
         commences rectification within the ten (10) business day notice period
         and thereafter promptly and effectively and continuously proceeds with
         the rectification of the breach and, in all such events, cures such
         breach no later than forty-five (45) days after such notice); or

                  (ix) Tenant shall repeatedly default in the timely payment of
         Rent (including any Additional rent) or any other charges required to
         be paid, or shall repeatedly default in keeping, observing or
         performing any other covenant, agreement, condition or provision of
         this Lease, whether or not Tenant shall timely cure any such payment or
         other default. For the purposes of this subsection, the occurrence of
         similar defaults two (2) times during any twelve (12) month period
         shall constitute a repeated default.

Any notice periods provided for under this Section 9 shall run concurrently with
any statutory notice periods and any notice given hereunder may be given
simultaneously with or incorporated into any such statutory notice.

         B. Upon the occurrence of an event of default, provided Tenant does not
cure said default within the period of time allowed for cure as set forth above,
if any, Landlord shall have the option to do and perform any one or more of the
following in addition to, and not in limitation of, any other remedy or right
permitted it by law or by this Lease:

                  (i) Terminate this Lease, in which event Tenant shall
         immediately surrender the Premises to Landlord, but if Tenant shall
         fail to do so, Landlord may, without further notice and without
         prejudice for any other remedy Landlord may have for possession
         or arrearage in Rent, enter upon the Premises and expel or remove
         Tenant and Tenant's effects, without being liable to prosecution or any
         claim for damages therefor; and Tenant agrees to indemnify Landlord for
         all loss and damage which Landlord my suffer by reason of such
         termination, whether through inability to relet the Premises, or
         through decrease in Rent, or otherwise, and/or

                  (ii) Declare the entire amount of Rent (including Additional
         Rent) calculated on the then-current rate being paid by Tenant, and
         other sums which would become due and payable during the remainder of
         the Lease Term to be due and payable immediately, in which event,
         Tenant agrees to pay the same at once, together with all Rent
         (including Additional Rent) therefore due, at Landlord's address as
         provided herein; provided, however, that such payment shall not
         constitute a penalty or forfeiture or liquidated damages, but shall
         merely constitute payment in advance of the Rent for the remainder of
         the Lease Term. Upon making such payment, Tenant shall receive from
         Landlord all rents received by Landlord from other tenants on account
         of the Premises during the Lease Term, provided that the monies to
         which Tenant shall so become entitled shall in no event exceed the
         entire amount actually paid by Tenant to Landlord pursuant to the
         preceding sentence, less all costs, expenses and attorneys' fees of
         Landlord incurred in connection with the termination of this Lease,
         eviction of Tenant and reletting of Premises. The acceptance of such
         payment by Landlord shall not constitute a waiver of any failure of
         Tenant thereafter occurring to comply with any term, provision,
         condition or covenant of this Lease; and/or

                  (iii) Enter the Premises as the agent of Tenant, without being
         liable to prosecution of any claim for damages therefor, and relet the
         Premises as the agent of Tenant without advertisement and by private
         negotiations and for any term Landlord deems proper, and receive the
         rent therefor, and Tenant shall pay Landlord any deficiency that may
         arise by reason of such reletting on demand, but Tenant shall not be
         entitled to any surplus so arising. Tenant shall reimburse Landlord for
         all costs of reletting the Premises including but not limited to
         advertising expenses and commissions; and/or

                  (iv) As agent of Tenant, do whatever Tenant is obligated to do
         by the provisions of this Lease and may enter the Premises, by force if
         necessary, without being liable to prosecution or any claims for
         damages therefor, in order to accomplish this purpose. Tenant agrees to
         reimburse Landlord immediately upon demand for any expenses which
         Landlord may incur

                                     Page 7
<PAGE>

         in thus effecting compliance with this Lease on behalf of Tenant, and
         Tenant further agrees that Landlord shall not be liable for any damages
         resulting to Tenant from such action, whether caused by the negligence
         of Landlord or otherwise.

         C. Pursuit by Landlord of any of the foregoing remedies shall not
preclude the pursuit of general or special damages incurred, or of any of the
other remedies herein provided or any other remedies provided by law.

         D. No act or thing done by Landlord or Landlord's agents during the
Lease Term shall be deemed an acceptance of a surrender of the Premises, and no
agreement to accept a surrender of the Premises shall be valid unless the same
be made in writing and executed by landlord. Neither the mention in this Lease
of any particular remedy, nor the exercise by Landlord of any particular remedy
hereunder, at law or in equity, shall preclude Landlord from any other remedy
Landlord might have under this Lease, at law or in equity. Any waiver of or
redress for any violation of any covenant or condition contained in this Lease
or any of the Rules and Regulations now hereafter adopted by Landlord, shall not
prevent a subsequent act, which would have originally constituted a violation,
from having all the force and effect of an original violation. The receipt by
Landlord of rent with knowledge of the breach of any covenant in this Lease
shall not be deemed a waiver of such breach. In the event of any default by
Tenant under the terms and provisions of this Lease, Landlord, in addition to
but not in lieu of or in limitation of, any other right or remedy provided to
Landlord under the terms of this Lease or otherwise, shall have the right to be
immediately repaid by Tenant the amount of all sums expended by Landlord and not
repaid by Tenant in connection with preparing or improving the Premises to
Tenant's specifications and any and all costs and expenses incurred in
renovating or altering space to make it suitable for reletting.

ASSIGNMENT AND SUBLETTING

         11. Tenant shall not sublet any part of the Premises, nor assign this
Lease or any interest herein, without prior written consent of Landlord in each
instance, which consent shall not be unreasonably withheld or delayed; provided,
however, no such consent shall serve to release Tenant's liability hereunder.
Consent by Landlord to one assignment or sublease shall not destroy or waive
this provision, and all later assignments and subleases shall likewise be made
only upon prior written consent of Landlord. No assignment or sublease may be
requested in the event Tenant is in default hereunder. Tenant shall provide
Landlord with any and all information reasonably requested by Landlord with
respect to such sublessee or assignee, including, but not limited to financial
infomiation and certified, audited financial statements. Sublessee or assignees
shall become liable directly to Landlord for all obligations of Tenant hereunder
without relieving Tenant's liability. In the event Tenant notifies Landlord of
Tenant's intent to assign this Lease, Landlord shall within thirty (30) days
from receipt of such notice (i) consent to such proposed subletting, or (ii)
refuse such consent, or (iii) elect to cancel this Lease. In the event of
Landlord's election to cancel, Tenant shall have ten (10) days from receipt of
such notice in which to notif-y Landlord of Tenant's acceptance of such
cancellation or TenanVs desire to remain in possession of Premises under the
terms and conditions and for the remainder of the Lease Term. In the event
Tenant fails to so notify Landlord of Tenant's election to accept termination or
to continue as Tenant hereunder, Such failure shall be deemed an election to
terminate and such termination shall be effective as of the end of the ten (10)
day period provided for in Landlord's notice as hereinabove provided. In the
event Landlord gives its consent to any such assignment or sublease, any rent,
rental or other cost to the assignee or subtenant for all or any portion of the
Premises over and above the Rent payable by Tenant for such space shall be paid
to Landlord as Additional Rent. In the event this Lease is either canceled or a
sublease or assignment is made as herein provided, Tenant shall reimburse
Landlord for all of the necessary administrative, legal and accounting services
required in order to accomplish such cancellation, assignment or subletting in
an amount not less than Five Hundred Dollars ($500.00).

     Submission of Information. If Tenant requests Landlord's consent to a
specific assignment or subletting, Tenant will submit in writing to Landlord (a)
the name and address of the proposed assignee or subtenant; (b) the business
terms of the proposed assignment or sublease; (c) reasonably satisfactory
information as to the nature and character of the business of the proposed
assignee or subtenant, and as to the nature of its proposed use of the space;
(d) banking, financial, and other credit information reasonably sufficient to
enable Landlord to determine the financial responsibility and character of the
proposed assignee or subtenant; and (e) the proposed form of assignment or
sublease for Landlord's reasonable approval.

     Factors Determining Reasonableness. In determining whether to grant
consent to Tenant's sublet or assignment request, Landlord may consider any
reasonable factor. Landlord and Tenant agree that any one of the following
factors, or any other reasonable factor, will be reasonable grounds for deciding
Tenant's request: (a) use of the premises by the proposed subtenant/assignee
must be for general administrative professional offices; (b) use of the Premises
by the proposed subtenant/assignee will not violate or create any violation of
any laws; and (c) use of the Premises will not violate any other agreements
affecting the Premises, Landlord or other tenants. Anything in this Section 11
to the contrary notwithstanding, Landlord may deny the proposed sublease or
assignment if Landlord believes, in its reasonable discretion, that: (a) the
business reputation of the proposed subtenant/assignee is not in accordance with
generally acceptable commercial standards; (b) the proposed use of the Premises
is not consistent with the other businesses in the Building; (e) the proposed
subtenant/assignee and their employees and invitees will utilize more parking
spaces than are in use by Tenant.

     The sale or transfer of Tenant's voting stock (if a corporation) or
partnership interest (if a partnership) resulting in the transfer of control of
a majority of such stock or interest or the occupancy of the Premises by any
successor firm of the Tenant or by any firm into which or with which the Tenant
may become merged or consolidated shall be deemed an assignment of this Lease
requiring the prior written consent of Landlord in accordance with the
foregoing.

CONDEMNATION

     12. If all or any part of the Premises are taken by virtue of eminent
domain or conveyed or leased in lieu of such taking, this Lease shall expire on
the date when title or right of possession shall vest, and any Rent paid for any
period beyond said date shall be repaid to Tenant; provided however, in no event
shall a partial taking of less than twenty percent (20%) of the Premises give
rise to an option on Tenant's part to terminate. In the event of a partial
taking where this Lease is not terminated the Rent shall be adjusted in
proportion to the square feet taken. Tenant shall not

                                     Page 8
<PAGE>

be entitled to any part of the award or any payment in lieu thereof and
expressly waives any right to make any claim which would reduce the award
otherwise payable to Landlord.

     Landlord shall have the option of terminating this Lease in the event any
such condemnation or deed-in-lieu thereof makes continuation of its ownership of
the Building economically unfeasible.

INSPECTION

     13. Landlord may enter Premises at reasonable hours to exhibit same to
prospective purchasers or tenants; to inspect Premises to see that Tenant is
complying with all its obligations hereunder; and to make repairs required of
Landlord under the terms hereof or repairs to any adjoining space. In the event
of any emergency, as determined by Landlord in its reasonable discretion,
Landlord may enter the Premises at any time.

SUBORDINATION

     14. This Lease shall be subject and subordinate to any underlying land
leases and/or mortgage(s) which may now or hereafter affect this Lease or the
real property ("Property") of which Premises form a part, and also to all
renewals, modifications, extensions, consolidations, and replacements of such
underlying land leases and such mortgage(s). In confirmation of the
subordination set forth in this Paragraph 14., Tenant shall, at Landlord's
request, execute and deliver such further instruments as may be desired by any
holder of a mortgage(s) ("Mortgagee") or by any lessor under any such underlying
land leases, including but not limited to estoppels, subordination,
nondisturbance and similar agreements, in form and content satisfactory to such
Mortgagee or lessor.

     If any Mortgagee elects to have this Lease superior to its mortgage and
signifies its election in the instrument creating its lien or by separate
recorded instrument, then this Lease shall be superior to such mortgage.

     In the event any proceedings are brought for the foreclosure of, or in the
event of exercise of the power of sale, or deed in lieu of foreclosure, under
any mortgage, Tenant shall at the option of purchaser attorn to the purchaser of
Property and recognize such person as the Landlord under this Lease. Tenant
agrees that the institution of any suit, action or other proceeding by Mortgagee
or a sale of the Property, pursuant to the powers granted to Mortgage under its
mortgage, shall not, by operation of law or otherwise, result in the
cancellation or the termination of this Lease or of the obligations of the
Tenant hereunder. In the event that purchaser requests and accepts such
attornment, from and after the time of such attornment, Tenant shall have the
same remedies against purchaser for the breach of an agreement contained in this
Lease that Tenant might have had against Landlord if the mortgage had not been
terminated. Tenant shall not pay any Rent, percentage rent, or Additional Rent
more than one month in advance to Landlord.

ADDITIONAL AGREEMENTS OF TENANT

     15. A. Tenant hereby agrees to indemnify and hold Landlord harmless from
any injury, expense, damage, liability or claim, imposed on Landlord by any
person whomsoever, whether due to damage to the Premises, claims for injuries to
the person or property of any other tenant of the Building or of any other
person in or about the Building for any purpose whatsoever, or administrative or
criminal action by a governmental authority, where such injury, expense, damage,
liability or claim results either directly or indirectly from the act, omission,
negligence, misconduct or breach of any provision of this Lease by Tenant, the
agents, servants, or employees of Tenant, or any other person entering upon the
Premises under express or implied invitation or consent of Tenant. Tenant
further agrees to reimburse Landlord for any costs or expenses, including court
costs and reasonable attorney's fees, which Landlord may incur in investigating,
handling or litigating any such claim or any action by a governmental authority.

         B. Tenant agrees to report immediately in writing to Landlord any
defective condition in or about the Premises known to Tenant.

         C. At all times during the Term, Tenant will carry and maintain, at
Tenant's expense, on an occurrence basis, the following insurance, in the
amounts specified below or such other amounts as Landlord may from time to time
reasonably request, with insurance companies and on fonts satisfactory to
Landlord:

     (1) Bodily injury and property damage liability insurance, with a combined
single limit if $3 million, each Occurrence/General Aggregate and including a
per location General Aggregate endorsement. All such insurance will be written
on a 1986 ISO Commercial General Liability Form;

     (2) Insurance covering all of Tenant's furniture and fixtures, machinery,
equipment, and any other personal property owned and-used in Tenant's business
and found in, on, or about the Property, and any leasehold improvements in an
amount not less than the full replacement cost. Property forms will provide
coverage on an ISO Special Form. All policy proceeds will be used for the repair
or replacement of the property damaged or destroyed; however, if this Lease
ceases under the provisions of Article 18, Tenant will be entitled to any
proceeds resulting from damage to Tenant's furniture and fixtures, machinery,
equipment, and any other personal property;

     (3) Worker's compensation insurance insuring against and satisfying
Tenant's obligations and liabilities under the worker's compensation laws of the
state in which the Premises are located, including employer's liability
insurance in the limits required by the laws of the state of Florida; and

     (4) If Tenant operates owned, hired, or non-owned vehicles on the Property,
comprehensive automobile liability at a limit of liability with a combined
single limit of not less than $500,000.00.

                                     Page 9
<PAGE>

     (5) Such other insurance (including without limitation plate glass
insurance), in such amounts as Landlord or its lender may reasonably require of
Tenant upon thirty (30) days' prior written notice.

     D. Forms of Policies. All policies of liability insurance which Tenant is
obligated to maintain according to this Lease (other than any policy of
workmen's compensation insurance) will name Landlord and such other persons or
firms as Landlord specifies from time to time as additional named insureds.
Original or copies of original policies and certificates of insurance on an
Accord 75-S form or any successor foals (together with copies of the
endorsements naming Landlord and any others specified by Landlord as additional
insureds) and evidence of the payment of all premiums of such policies will be
delivered to Landlord prior to Tenant's occupancy of the Premises and from time
to time at least thirty (30) days prior to the expiration of the Term of each
such policy. All liability policies maintained by Tenant will contain a
provision that Landlord and any other additional insureds, although named as an
insured, will nevertheless be entitled to recover under such policies for any
loss sustained by Landlord and such other additional insureds, its agents, and
employees as a result of the acts or omissions of Tenant. All such policies
maintained by Tenant will provide that they may not be terminated or amended
except after thirty (30) days' prior written notice to Landlord. All policies
maintained by Tenant will be written as primary policies, not contributing with
and not supplemental to the coverage that Landlord may carry. No insurance
required to be maintained by Tenant by this Article 15 will be subject to more
than a reasonable and customary deductible limit without Landlord's prior
written consent.

RIGHTS CUMULATIVE

     16. The rights given by Landlord herein are in addition to any rights that
may be given to Landlord by any statute or under law.

HOLDING OVER

     17. See Section 7 of Exhibit J.

ENTIRE AGREEMENT - NO WAIVER

     18. This Lease contains the entire agreement of the parties hereto and no
representations, inducements, promises or agreements, oral or otherwise, between
the parties not embodied herein, shall be of any force and effect. The failure
of either party to insist in any instance on strict performance of any covenant
or condition hereof, or to exercise any option herein contained, shall not be
construed as a waiver of such covenant, condition or option in any other
instance. This Lease cannot be changed or terminated orally.

HEADINGS

     19. The headings in this Lease are included for convenience only and shall
not be taken into consideration in any construction or interpretation of this
Lease or any of its provisions.

NOTICES

     20. Any notices which may be permitted or required hereunder shall be in
writing and shall be deemed to have been duly given as of the date and time the
same are personally delivered, or within three (3) days after depositing with
the United States Postal Service, postage prepaid by registered or certified
mail, return receipt requested, or within one (1) day after depositing with
Federal Express or other overnight delivery service from which a receipt may be
obtained, and addressed as follows:

         To Landlord at the following addresses:
<TABLE>
<S>                                                                    <C>
         c/o GENERAL ELECTRIC INVESTMENT CORPORATION                   c/o FAISON
         Post Office Box 7900                                          5405 W. Cypress Street, Suite 105
         3003 Summer Street                                            Tampa, Florida, 33609
         Stamford, Connecticut 06904-7900                              ATTN: Property Manager, Cypress Commons
         ATTN: Asset Manager - Real Estate                             Telephone: 813-289-1727
                                                                       Telecopy: 813-289-9394

         To Tenant at the following address:
         Post, Buckley, Schuh & Jernigan, Inc.,
         2001 NW 107th Avenue, Miami, Florida, 33172-2507.
         Attn: Richard M. Grubel
         Telephone: (305)592-7275
         Telecopy: _______________________
</TABLE>

or at such other address as either party hereto shall from time to time
designate to the other party by notice in writing as herein provided.

HEIRS, SUCCESSORS AND ASSIGNS-PARTIES

     21. A. This Lease shall bind and inure to the benefit of the Landlord and
its assips, successors, heirs, executors and legal representatives, and shall
bind and inure to the benefit of the Tenant and its assigns, successors, heirs,
executors and legal representatives. Landlord shall be relieved

                                    Page 10
<PAGE>

of its obligations and responsibilities under this Lease if those obligations
and responsibilities have been transferred to and assumed by its assign,
successor or heir in a manner consistent with the terms of this Lease.

         B. The parties "Landlord", "Tenant", and "Agent" and pronouns relating
thereto, as used herein, shall include male, female, singular and plural,
corporation, partnership or individual, as may fit the particular parties.

ATTORNEY FEES

     22. In the event of any dispute hereunder or of any action to interpret or
enforce this Lease, any provision hereof or any matter arising therefrom,
including the collection of Rent, the prevailing party shall be entitled to
recover its reasonable costs, fees and expenses, including, but not limited to,
witness fees, expert fees, consultant fees, attorney (in-house and outside
counsel), paralegal and legal assistant fees, costs and expenses, and other
professional fees, costs and expenses, whether suit be brought or not and
whether in any settlement, in any declaratory action, in any bankruptcy action,
at pre-trial, at trial or on appeal.

TIME OF ESSENCE

     23. Time is of the essence of this Lease.

SECURITY DEPOSIT

     24. Deliberately Omitted.

COMPLETION OF THE PREMISES

     25. See Exhibit "B".

PARKING ARRANGEMENTS

     26. During the Initial Term of this Lease, Landlord shall make available
for Tenant's use up to four (4) parking spaces per 1,000 rentable square feet of
Premises leased by Tenant at any time, located in the parking facility located
adjacent or across the street from the Property, at no charge, and unless
otherwise set forth in the following sentence, said spaces shall be on an
unreserved basis. Of such parking spaces, a total of 113 spaces shall be
reserved as follows: 6 on the first level, 3 on the second level and 6 on the
third level will be reserved for named individuals; 98 spaces on the third level
shall be reserved for the general use of Tenant. The direct cost in connection
with signage for any reserved spaces shall be paid by Tenant promptly after
invoice from Landlord. Landlord may in Landlord's soie discretion, provide
additional spaces on a monthly basis at a charge per space per month as then
being quoted, subject to availability. Such parking shall be available subject
to the limitations, conditions and restrictions from time to time imposed by
Landlord and shall be reserved for specified individual users and should not be
for general use.

     Landlord may also provide unassigned visitor parking in the parking
facility on a pay basis at such rates and upon such conditions as Landlord or
Landlord's agent shall establish from time to time for Tenant's visitors,
invitees, guests, and employees.

RULES AND REGULATIONS

     27. The rules and regulations set forth on Exhibit "D" attached hereto are
hereby made a part of this Lease. Landlord may from time to time amend, modify,
delete or add new and additional reasonable rules and regulations for the use,
safety, cleanliness and care of the Premises and the Building. Such new or
modified rules and regulations shall be effective upon notice thereof to Tenant
from Landlord. Tenant will cause its employees and agents, or any others
pern-dtted by Tenant to occupy or enter the Premises, to at all times abide by
the rules and regulations set forth on Exhibit "D", or as subsequently modified
by Landlord. In the event of any breach of any rules and regulations set forth
on Exhibit "D" or any amendments or additions thereto, Landlord shall have all
remedies in this Lease provided for in the event of default by Tenant and shall,
in addition, have any remedies available at law or in equity, including, but not
limited to, the right to enjoin any breach of such rules and regulations.
Landlord shall not be responsible to Tenant for the non-observance by any other
tenant or person of any such rules and regulations.

RIGHT TO RELOCATE

     28. Deliberately Omitted.

LATE PAYMENTS

     29. Payments of Rent received after the fifth day of the month may be
assessed an additional five percent (5%) charge as a late payment penalty and
shall bear interest at the rate of eighteen percent (18%) per annum until paid
in full. Acceptance by Landlord of a payment in an amount less than that which
is currently due shall in no way affect, Landlord's rights under this Lease and
in no way be an accord and satisfaction.

     This provision does not prevent Landlord from declaring the nonpayment of
Rent when due an event of default hereunder.

                                    Page 11
<PAGE>
ESTOPPEL CERTIFICATE

     30. Within ten (10) days prior to the occupancy Date, at any other time and
from time to time, Tenant, on or before the date specified in a request therefor
made by Landlord, which date shall not be earlier than ten (10) days ftom the
making of such request, shall execute, acknowledge and deliver to Landlord
and/or any holder of a mortgage on the Building an Estoppel Certificate in
recordable form in accordance with Exhibit "D" of this Lease, or in such other
form as Landlord may from time to time require, evidencing whether or not (i)
this Lease is in full force and effect, (ii) this Lease has been amended in any
way, (iii) Tenant has accepted and is occupying the Premises, (iv) there are any
existing defaults on the part of Landlord hereunder or defenses or offsets
against the enforcement of this Lease to the knowledge of Tenant and specifying
the nature of such defaults defenses or offsets, if any, (v) the date to which
Rent, and other amounts due hereunder, if any, have been paid, and (vi) any such
other information as may be reasonably required by Landlord. Each certificate
delivered pursuant to this Paragraph may be relied on by any prospective
purchaser or transferee of Landlord's interest hereunder or of any part of
Landlord's property or by any mortgagee, grantee or holder of Landlord's
interest hereunder or of any part of Landlord's property under a Mortgage or by
an assignee of any such grantee. Anything in this Article 30 to the contrary
notwithstanding, Tenant shall not be obligated to agree to any statement which
it considers to be untrue or inaccurate, or to agree to any provision which is
not reasonably necessary to such document or which modifies Tenant's rights
under this Lease.

SEVERABILITY AND INTERPRETATION

     31. A. If any clause or provision of the Lease shall be deemed illegal,
invalid or unenforceable under present or future laws effective during the Lease
Term, then and in that event, the remainder of this Lease shall not be affected
by such illegality, invalidity or unenforceability, and, in lieu of each clause
or provision of this Lease that is illegal, invalid or unenforceable, there
shall be added as a part of this Lease a clause or provision as similar in terms
to such illegal, invalid or unenforceable clause or provision as may be possible
and be legal, valid and enforceable. If such invalidity is, in the sole
determination of Landlord, essential to the rights of both parties, Landlord
shall have the right to terminate this Lease on thirty (30) days' written notice
to Tenant.

         B. Should any of the provisions of this Lease require judicial
interpretation, it is agreed that the court interpreting or construing the same
shall not apply a presumption that the terms of any such provision shall be more
strictly construed against one party by reason of the rule of construction that
a document is to be construed most strictly against the party who itself or
through its agent prepared the same, it being agreed that the agents of all
parties have participated in the preparation of the stipulations of this Lease.

MULTIPLE TENANTS

     32. If more than one individual or entity comprises and constitutes Tenant,
then all individuals and entities comprising Tenant are and shall each be
jointly and severally liable for the due and proper performance of Tenant's
duties and obligations arising under or in connection with this Lease.

FORCE MAJEURE

     33. Landlord shall be excused for the period of any delay and shall not be
deemed in default with respect to the performance of any of the terms,
covenants, and conditions of this Lease when prevented from so doing by a cause
or causes beyond the Landlord's control, which shall include, without
limitation, all labor disputes, governmental regulations or controls, fire or
other casualty, inability to obtain any material or services, acts of God, or
any other cause not within the reasonable control of the Landlord.

QUIET ENJOYMENT

     34. Landlord shall warrant and defend Tenant in the quiet enjoyment and
possession of the Premises during the term of this Lease subject, however, to
the terms of this Lease.

BROKERAGE COMMISSION

     35. Landlord's leasing agent, FAISON ("Leasing Agent") has sole commission
rights with respect to this Lease and Tenant warrants that Tenant has employed
no other broker in connection with this Lease and there are no other claims for
broker's commissions or finder's fees in connection with its execution of this
Lease and agrees to indemnify and save Landlord harmless from any liability that
may arise from such claim, including reasonable attorney's fees and court costs.
In the event that Tenant has employed a broker in connection with this Lease,
Tenant shall disclose such broker to Landlord in writing immediately upon
commencement of negotiations, and shall provide to Landlord's Leasing Agent
evidence of such broker's valid licensure in Florida.

LANDLORD'S DEFAULT

     36. Landlord shall be in default under this Lease if Landlord has not
commenced and pursued with reasonable diligence the cure of any failure of
Landlord to meet its obligations under this Lease within fifteen (15) days of
the receipt by Landlord of written notice from Tenant of the alleged failure to
perform. Except as otherwise provided in this Lease, in the event of a default
by Landlord, Tenant shall be entitled to any remedies available at law or in
equity. Notwithstanding anything in this Lease to the contrary, Landlord shall
never be liable to Tenant in the event of a default by Landlord or otherwise
under any provision of this Lease for any loss of business or profits or other
direct, special, incidental, indirect or consequential damages or for punitive
or special damages of any kind. None of Landlord's officers, employees, agents,
directors, shareholders, or partners shall ever have any personal liability to
Tenant under or in connection with this Lease. Tenant shall look solely to
Landlord's estate and

                                    Page 12
<PAGE>

interest in the Building for the satisfaction of any right or remedy of Tenant
under this Lease, or for the collection of any judgment (or other judicial
process) requiring the payment of money by Landlord, and no other property or
assets of Landlord or its principals shall be subject to levy, execution, or
other enforcement procedure for the satisfaction of Tenant's rights or remedies
under this Lease, the relationship of Landlord and Tenant under this Lease,
Tenant's use and occupancy of the Premises, or any other liability of Landlord
to Tenant of whatever kind or nature. Except as specifically provided in this
Lease, Tenant expressly, knowingly, and voluntarily waives any right, claim, or
remedy otherwise available to Tenant to terminate or rescind this Lease as a
result of Landlord's default as to any covenant or agreement contained in this
Lease or as a result of the breach of any promise or inducement allegedly made
on behalf of Landlord, whether in this Lease or elsewhere. No act or omission of
Landlord or its agents shall constitute an actual or constructive eviction of
Tenant unless Landlord shall have first received written notice of Tenant's
claim and shall have failed to cure it after having been afforded a reasonable
time to do so, which in no event shall be less than thirty (30) days.

ORIGINAL INSTRUMENT

     37. For the convenience of the parties hereto, any number of counterparts
hereof may be executed, and each such counterpart shall be deemed to be an
original instrument.

FLORIDA LAW

     38. This Lease has been made under and shall be construed and interpreted
under and in accordance with the laws of the State of Florida.

NO RECORDATION OF LEASE

     39. Without the prior written consent of Landlord, neither this Lease nor
any memorandum hereof shall be recorded or placed on public record by or on
behalf of Tenant. Without limitation on any other of Landlord's rights
hereunder, in the event Tenant breaches this covenant, Tenant hereby irrevocably
grants a Power of Attorney to Landlord as Tenant's agent for the purpose of
canceling from public record any copy of this Lease, any memorandum hereof or
any reference hereto. Tenant agrees that the Power of Attorney granted herein is
coupled with an interest, is not revocable and shall survive the death or other
incapacity of Tenant.

HAZARDOUS MATERIALS

     40. Tenant shall not (either with or without negligence) cause or permit
the escape, disposal or release of any biologically or chemically active or
other hazardous substances or materials. Tenant shall not allow the storage or
use of such substances or materials in any manner not sanctioned by law or by
the highest standards prevailing in the industry for the storage and use of such
substances or materials, nor allow to be brought into the Building, the Premises
or the Property, any such materials or substances except to use in the ordinary
course of Tenant's business, and then only after written notice is given to
Landlord of the identity of such substances or materials. Without limitation,
hazardous substances and materials shall include those described in the
Comprehensive Environmental Response, Compensation and Liability Act of 1980, as
amended, 42 U.S.C. Section 9601 et seq., the Resource Conservation and Recovery
Act, as amended, 42 U.S.C. Section 6901 et seq., any applicable state or local
laws and the regulations adopted under these acts. If any lender or governments]
agency shall ever require testing to ascertain whether or not there has been any
release of hazardous materials, then the reasonable costs thereof shall be
reimbursed by Tenant to Landlord upon demand as additional charges if such
requirement applies to the Premises. In addition, Tenant shall execute
affidavits, representations and the like from time to time at Landlord's request
concerning Tenant's best knowledge and belief regarding the presence of
hazardous substances or materials on the Premises. In all events, Tenant shall
indemnify Landlord in the manner elsewhere provided in this Lease from any
release of hazardous materials on the Premises occurring while Tenant is in
possession, or elsewhere if caused by Tenant or persons acting under Tenant. The
within covenants shall survive the expiration or earlier termination of the
Lease term.

AIR QUALITY

     41. Tenant shall not in any way or manner adversely affect the air quality
now existing in the Premises or the Building and no activity or use by Tenant of
the Premises shall adversely affect such air quality or be in violation of any
applicable law, statute, ordinances, regulation or code.

RADON GAS

     42. Pursuant to F.S. 404.056 (8), Tenant is hereby notified that radon is a
naturally occurring radioactive gas that, when it has accumulated in a building
in sufficient quantities, may present health risks to persons who are exposed to
it over time. Levels of radon that exceed federal and state guidelines have been
found in buildings in Florida. Additional information regarding radon testing
may be obtained from your county public health unit.

WAIVER OF JURY TRIAL

     43. Landlord and Tenant waive trial by jury in any action, proceeding or
counterclaim brought by either of them against the other on all matters arising
out of this Lease or the use and occupancy of the Premises. If Landlord
commences any summary proceeding for nonpayment of rent, Tenant will not
interpose (and waives the right to interpose) any counterclaim in any such
proceeding.

                                     Page 13
<PAGE>
COMPLIANCE WITH THE AMERICANS WITH DISABILITIES ACT

     44. Landlord acknowledges the existence of the Americans with Disabilities
Act (the "ADA") and will endeavor to meet the requirements of the ADA with
regard to the Common Areas of the Building. Tenant hereby consents to any and
all actions to be taken by Landlord in order to comply with the provisions of
the ADA. Additionally, Tenant hereby agrees to take any and all actions
necessary in order to cause the Premises to comply with the ADA. Tenant hereby
agrees to indemnify and hold Landlord harmless from and against any and all
loss, damages, costs, or expenses, incurred by Landlord as a result of Tenant's
failure to comply with the terms and provisions of the ADA insofar as the
Premises are concerned.

LEASE BINDING UPON DELIVERY; NO OPTION; OFFER IRREVOCABLE

     45. Submission of this Lease for examination does not constitute an option
to lease or reservation of space for the Premises. This Lease shall be effective
only when executed by both parties and received by Landlord. If this Lease has
been submitted to Tenant in form already signed by Landlord, it evidences only
Landlord's offer to enter into this Lease on the exact terms provided as
delivered, which offer may be revoked at any time, in Landlord's sole
discretion, and which may additionally expire at any certain time established by
Landlord in writing. This offer shall be irrevocable and open for acceptance by
Landlord until 5:00 p.m. on the fifteenth (15th) day after execution and
delivery hereof by Tenant to Landlord, and if not accepted by then may be
withdrawn by Tenant.

NO LIABILITY FOR CRIMES

     46. The Landlord makes no representations or warranties with respect to
crime in the area, undertakes no duty to protect against criminal acts and shall
not be liable for any injury, wrongful death or property damage arising from any
criminal acts from any cause whatsoever, whether or not such injury, loss, or
damage results ftorn any fault, default, negligence, act or omission of Landlord
or its agents, servants, employees, or any other person for whom Landlord is in
law responsible occurring in or about the Property, Building, Common Areas, or
the Premises. The Landlord may, from time to time, employ security personnel and
equipment, however, such personnel and equipment are only for the protection of
the Landlord's property. The Landlord reserves the right, in its sole and
absolute discretion, to start, alter or terminate any such security services
without notice. The Tenant is urged to provide security for its invitees, its
own personnel, and property as it deems necessary, with Landlord's prior written
consent. The Tenant is urged to obtain insurance and take all other appropriate
action to protect against criminal acts.

CONFIDENTIALITY

     47. Tenant shall not disclose the terms of this Lease to any third party
without Landlord's prior consent.

NO SMOKING

     48. Tenant shall not allow any smoking in the Premises except in rooms
designed and constructed to accommodate smoking and to prevent smoke from
entering the plenum or any other portion of the Premises or the Building.
Landlord reserves the right to promulgate additional rules for the Building
which may include fines upon tenants of the Building who do not cause their
employees and invitees to comply with rules prohibiting or limiting smoking in
the Building. Tenant shall exercise diligent efforts to cause its employees and
invitees not to smoke within the Premises or the Building.

SURVIVAL OF OBLIGATIONS

     49. Any obligations of Tenant accruing prior to the expiration of the Lease
shall survive the expiration or earlier termination of the Lease, and Tenant
shall promptly perform all such obligations whether or not this Lease has
expired or been terminated.

ERISA AND UBTI RESTRICTIONS

     50. Notwithstanding anything to the contrary contained herein, including,
without limitation, Section 11 above, no assignment or subletting by Tenant, nor
any other transfer or vesting of Tenant's interest hereunder (whether by merger,
operation of law or otherwise), shall be permitted if:

         A. Landlord, or any person designated by Landlord as having an interest
therein, directly or indirectly, controls, is controlled by, or is under common
control with (i) the proposed assignee, sublessee or successor-in-interest of
Tenant or (ii) any person which, directly or indirectly, controls, is controlled
by or is under common control with, the proposed assignee, Sublessee or
successor-in-interest of Tenant;

         B. the proposed assignment or sublease (i) provides for a rental or
other payment for the leasing, use, occupancy or utilization of all or any
portion of the Leased Premises based, in whole or in part, on the income or
profits derived by any person from the property so leased, used, occupied or
utilized other than an amount based on a fixed percentage or percentages of
gross receipts of sales or (ii) does not provide that such assignee or subtenant
shall not enter into any lease, sublease, license, concession or other agreement
for the use, occupancy or utilization of all or any portion of the Leased
Premises which provides for a rental or other payment for such use, occupancy or
utilization based, in whole or in part, on the income or profits derived by any
person from the property so leased, used, occupied or utilized other than an
amount based on a fixed percentage or percentages of gross receipts or sales; or

                                     Page 14
<PAGE>
         C. in the reasonable opinion of Landlord and Landlord's counsel, such
proposed assignment, subletting or other transfer or vesting of Tenant's
interest hereunder (whether by merger, operation at law or otherwise) will (i)
cause a violation of the Employee Retirement Income Security Act of 1974 by
Landlord, or by any person which, directly or indirectly controls, is controlled
by, or is under common control with, Landlord or any person who controls
Landlord or (ii) result or may in the future result in Landlord, or any person
which, directly or indirectly, has an interest in Landlord, receiving "unrelated
business taxable income" (as defined in the Internal Revenue Code).

OPTION TO EXPAND

     51. A. Provided this Lease is then in full force and effect and provided
Tenant is not in monetary or material default of this Lease (as agreed upon by
the Landlord and Tenant or as determined by a court of law), at the time of
Tenant's exercise of the option to expand as hereinafter provided or at the time
such option to expand takes effect, and further provided that Tenant has not
theretofore been in monetary or material default of any provision of this Lease,
Tenant shall have a right to lease any other space on the second floor of the
Building (the "Additional Suite") except Suite 200 (which is currently vacant),
that shall become available through the expiration or early termination of any
tenants' currently existing lease term, subject to such tenants' and their
assignees and subtenants existing renewal rights and expansion rights as
described on Exhibit "I". Landlord shall provide five (5) months written notice
prior to the expiration date of such existing tenants' lease renewal rights. In
the event of an early termination of an existing tenants' lease renewal rights
or in the event an existing tenants' expansion rights do not expire on a date
certain, then, Tenant shall have the right to elect to lease such space, by
written notice to Landlord, delivered within ten (10) days after written notice
from Landlord to Tenant that Landlord is aware that space on the second floor of
the Building will be available for lease. The Premises will be promptly amended
to reflect the expansion premises and the Base Rent and Tenant's Share will be
adjusted appropriately. Tenant's rights hereunder shall apply not more than once
for any particular suite as described on Exhibit "I". Any notice from Tenant to
Landlord exercising Tenant's rights hereunder shall be for the exact premises
being offered by Landlord and shall state that Tenant desires to rent such
additional suite on the second floor of the Building. Such notice must be
postmarked on or before the above-specift'ed date and sent by registered or
certified mail, return receipt requested; or by nationally recognized overnight
carrier with written evidence of delivery. If for any reason the said notice is
not duly and timely given, Tenant's rights under this Article 51 for the
particular suite on the second floor will be null and void and without further
force or effect. If the said notice is properly given, Landlord will (subject to
extension by reason of delays beyond Landlord's reasonable control), make
available to Tenant the tenant space as set forth in the said notice.

         B. If Landlord's notice is as specified in Sub-Paragraph A above, the
Additional Suite will be deemed demised to Tenant on the date on which it
becomes available for Tenant's occupancy, and on that date (the "Availability
Date") this Lease will be deemed modified in the following respects:
     (a) the description of the Premises will include the Additional Suite;
     (b) the percentage specified elsewhere in this Lease as "Tenant's Share"
will be deemed increased to reflect Landlord's determination of the number of
rentable square feet of the Additional Suite as described on Exhibit "I" (the
"Additional Footage");
     (c) the Monthly Base Rent payable hereunder will be deemed increased by an
amount equal to the product of the Additional Footage multiplied by the rate
which, on the Availability Date, Landlord is charging Tenant under this Lease
from time to time, if during the renewal term, at the rates set forth in Article
52, and if the Lease Term is not renewed, at the same rate set forth in Article
52 applied to the Additional Suite;
     (d) the term will be deemed to expire coterrninously with this Lease on the
expiration date, unless there is less than three (3) years remaining in the
Lease Term or renewal term (if then exercised), in which event the lease of the
Additional Suite shall not be less than three (3) years in length; and the Base
Rent for any period beyond the Lease Term shall be at the same rate set forth in
Section 52 below; and
     (e) Tenant will accept the Additional Suite in its "as is" condition and
shall be granted a tenant improvement allowance of $1.00 per rentable square
foot per year of remaining current lease term or a prorata portion thereof for
any partial lease year.

Although no written agreement will be necessary to evidence such modifications,
upon request Tenant agrees to execute and deliver to Landlord an agreement
prepared by Landlord confirining that this Lease as so modified is then in full
force and effect and is ratified, confirmed and approved in all respects.

         C. Tenant will accept the Additional Suite in its "AS IS" condition at
the time it is delivered to Tenant. Tenant will, at its own cost and expense,
subject to Landlord's prior written approval, make the Additional Suite suitable
for Tenant's use and occupancy.

Notwithstanding anything above, if Tenant uses all or any portion of the
Additional Suite on a date earlier than that on which it is available for
Tenant's occupancy, all of Tenant's monetary and other obligations respecting
the Additional Suite will commence as of the earlier date.

OPTION TO RENEW

     52. Provided this Lease is then in full force and effect and provided
Tenant is not in material or monetary default of this Lease (as agreed upon by
the Landlord and Tenant or as determined by a court of law), at the time of
Tenant's exercise of the renewal option as hereinafter provided or at the time
such renewal of this Lease takes effect, and further provided that Tenant has
not theretofore been in monetary or material default of any provision of this
Lease, Landlord hereby grants to Tenant an option to renew this Lease as to all
of the Premises for one (1) additional term of three (3) years, commencing on
the Expiration Date. The Base Rent rate for the renewal period will be as
follows:

              Lease Year         Base Rent Per Rentable Square Foot
              ----------         ----------------------------------

              Year 6             $21.00
              Year 7             $21.75
              Year 8             $22.50

                                     Page 15
<PAGE>

Tenant may exercise the aforesaid option to renew this Lease only by notifying
Landlord in writing of Tenant's exercise of said option to renew not less than
twelve (I 2) months prior to the Expiration Date. If Tenant does not exercise
said option to renew as provided above at least twelve (I 2) months prior to the
Expiration Date, then Tenant's option to extend the Term shall terminate and be
of no further force and effect.

INTERLINIATION

     53. Whenever in this Lease any printed portion has been stricken out,
whether or not any relative provision has been added, this Lease shall be
construed as if the material so stricken was never included in this Lease and no
inference shall be drawn from the material so stricken out which would be
inconsistent in any way with the construction or interpretation which would be
appropriate if such material were never contained in this Lease.

       VOID IF NOT EXECUTED BY LANDLORD AND RETURNED TO TENANT BY 4/3/98.

     IN WITNESS WHEREOF, the parties have hereunto set their hands and seals the
day and year first above written.

Signed, sealed and                  *Tenant
delivered in the presence of:       Post, Buckley, Schuh & Jernigan, Inc.

 /S/ ANGELA L. ARMSTRONG            By: /S/ RICHARD M. GRUBEL  3/24/98
------------------------------      ----------------------------------- (SEAL)
Witness

 /S/ ILLEGIBLE                      Print Name:  RICHARD M. GRUBEL
------------------------------                 ------------------------
Witness
                                    Title:  SENIOR VICE PRESIDENT
                                          -----------------------------

-----------------------------       (CORPORATE SEAL)

     Following execution, four
     originals hereof shall be
     returned to Landlord.

                                    Landlord: Cypress-Tampa II Limited
                                    Partnership, a limited partnership organized
                                    and existing under the provisions of the
                                    Revised Uniform Limited Partnership Act of
                                    the State of Delaware

                                    By: RPF If Realty, its general partner

Signed, sealed and delivered in the presence of:

 /S/ ANN B. CAPORRI                 By: /S/ GERALD KARR
----------------------------           --------------------------------
Witness                                 Print Name: Gerald Karr
                                        Title: Vice President
 /S/ MYRNA N. YANMIEH
----------------------------
Witness

                                                            RECEIVED FULLY
                                                            EXECUTED
                                                              4/3/98
                                                              RNC

                                     Page 16
<PAGE>

                                  EXHIBIT "A-1"
                                   FLOOR PLAN

                                   THIRD FLOOR

                                [GRAPHIC OMITTED]

<PAGE>

                                  EXHIBIT "A-2"
                                   FLOOR PLAN

                                 CYPRESS COMMONS
                                  SECOND FLOOR

                                [GRAPHIC OMITTED]

<PAGE>

                                   EXHIBIT "B"

                              WORK LETTER AGREEMENT
                             (Tenant Performs Work)

     1. Tenant accepts the Premises in its,"as is" condition. However, Landlord
will re-paint the painted Premises interior walls, re-carpet the Premises
interior using a Building Standard 30 oz. level loop carpet, and install twelve
(12) smoke detectors and nine wall mounted and four floor mounted magnetic
hold-open systems for each of the fire doors that are depicted on the attached
Schedule B-1.

     2. So long as Tenant is not in default under this Lease, Landlord shall
make a dollar contribution in the amount of $175,645.00 ("Landlord's
Contribution") for Tenant's general use. Said payment shall be delivered by
Landlord to Tenant on or before the Commencement Date.

                                      B-1
<PAGE>

                                  Schedule B-1

Location of Fire Doors which Landlord shall improve by the addition of nine wall
mounted and four floor mounted magnetic hold-open systems:

                                  Schedule B 1
<PAGE>

                                   EXHIBIT "C"

                           COMMENCEMENT DATE AGREEMENT
                                       AND
                             ACCEPTANCE OF PREMISES

     THIS AGREEMENT made as of _______________, 19____, between Cypress-Tampa II
Limited Partnership ("Landlord"), and Post, Buckley, Schuh & Jernigan, Inc.,
(hereinafter referred to as "Tenant").

     WHEREAS, Landlord and Tenant entered into a Lease dated December
__________, 1997, (hereinafter referred to as the "Lease") for office space in
the Building known as Cypress Commons:

     NOW, THEREFORE, pursuant to the provisions of Paragraph 2.B. of the Lease,
Landlord hereby informs Tenant and Tenant confirms the following:

     1.   The Commencement Date of the Lease term is _______________ 1, 1997,
          and Tenant has accepted possession of the Premises on _______________,
          19____.

     2.   If appropriate, the Delayed Commencement Date is _______________,
          19____,

     3.   Rentals commenced to accrue at the monthly rate of _______________,
          19____. This amount includes all applicable state sales tax.

     4.   A security deposit of $__________________ has been paid to Landlord or
          its designated agent.

     5.   Tenant is in possession of, and has accepted the Premises demised by
          the Lease, and acknowledges that all the work to be performed by the
          Landlord in the Premises as required by the terms of the Lease has now
          been satisfactorily completed, except as noted immediately below.
          Tenant further certifies that all conditions of the Lease required of
          Landlord as of this date have been fulfilled and there are no defenses
          or off-sets against the enforcement of the Lease by Landlord.

     TENANT
     Post, Buckley, Schuh & Jernigan, Inc.

     By: ______________________________

     Title: _____________________________

     Date: _____________________________
                                            (CORPORATE SEAL)

     Marketing Representative __________________

     Property Manager ________________________

                                      C-1
<PAGE>

                                   EXHIBIT "D"

                              RULES AND REGULATIONS

     The rules and regulations set forth in this Exhibit shall be and hereby are
made a part of the Lease to which they are attached. Whenever the term "Tenant"
is used in these rules and regulations, it shall be deemed to include Tenant,
its employees or agents and any other persons permitted by Tenant to occupy or
enter the Premises. The following rules and regulations may from time to time be
modified by Landlord in the manner set forth in Section 27. of the Lease.

OBSTRUCTION

     1. The sidewalks, entries, passages, corridors, halls, lobbies, stairways,
elevators and other common facilities of the Building shall be controlled by
Landlord and shall not be obstructed by Tenant or used for any purposes other
than ingress or egress to and from the Premises. Tenant shall not place any item
in any of such locations, whether or not any such item constitutes an
obstruction, without the prior written consent of Landlord. Landlord shall have
the right to remove any obstruction or any such item without notice to Tenant
and at the expense of Tenant. The floors, skylights and windows that reflect or
admit light into any place in said Building shall not be covered or obstructed
by Tenant.

ORDINARY BUSINESS HOURS

     2. Whenever used in the Lease or in these rules and regulations, the
ordinary business hours of the Building shall be from 8:00 A.M. to 6:00 P.M.
Monday through Friday and 8:00 A.M. to Noon Saturday of each week, excluding the
legal holidays of New Year's Day, Memorial Day, Independence Day, Labor Day,
Thanksgiving Day and Christmas Day.

DELIVERIES

     3. Tenant shall insure that all deliveries of supplies to the Premises
shall be made only upon the elevator designated by Landlord for deliveries and
only during the ordinary business hours of the Building. If any person
(including, without limitation, deliveries of mail, office supplies, beverages
and soft drinks, catered meals and all other deliveries of bulk items)
delivering supplies to Tenant damages the elevator or any other part of the
Building, Tenant shall pay to Landlord upon demand the amount required to repair
such damage. Prior approval must be obtained from Landlord for any deliveries
that must be received after normal business hours. Hand trucks, except those
equipped with rubber tires or the like shall not be used in any space, or in the
public halls of the Building either by any Tenant or others in the delivery or
receipt of merchandise. Use of any hand trucks, dollies and all such conveyances
shall be restricted to freight elevators or other passageways designated by
Landlord.

MOVING

     4. Movement in or out of the Building of furniture or office equipment, or
dispatch or receipt by tenants of any bulky material, merchandise or materials
which requires use of elevators or stairways, or movement through the Building
entrances or lobby shall be restricted to such hours as Landlord shall
designate, and shall not be undertaken without Landlord's prior written consent.
Tenants assume all risks as to damage to articles moved and injury of persons or
public engaged or not engaged in such movement, including equipment, property
and personnel of Landlord if damaged or injured as a result of acts in
connection with carrying out this service for a tenant; and Landlord shall not
be liable for acts of any person engaged in connection with such service
performed for a tenant. Furniture and equipment shall be moved in or out of the
Building only upon the elevator designated by Landlord for deliveries and then
only during such hours and in such manner as may be prescribed by Landlord.
Landlord shall have the right to approve or disapprove the movers or moving
company employed by Tenant and Tenant shall cause such movers to use only the
loading facilities and elevator designated by Landlord. If Tenant's movers
damage the elevator or any other part of the Building, Tenant shall pay to
Landlord upon demand the amount required to repair such damage.

HEAVY ARTICLES

     5. No safe or article the weight of which may, in the reasonable opinion of
Landlord, constitute a hazard or damage to the Building or its equipment, shall
be moved into the Premises. Safes and other heavy equipment, the weight of which
will not constitute a hazard or daffiage the Building or its equipment shall be
moved into, from or about the Building only during such hours and in such manner
as shall be prescribed by Landlord and Landlord shall have the right to
designate the location of such articles in the Premises.

NUISANCE

     6. Tenant shall not do or permit anything to be done in the Premises, or
bring or keep anything therein which would in any way constitute a nuisance or
waste, or obstruct or interfere with the rights of other tenants of the
Building, or in any way injure or annoy them, or conflict with the laws relating
to fire, or with any regulations of the fire department or with any insurance
policy upon tne Building or any part thereof, or conflict with any of the rules
or ordinances of any governmental authorityhaving jurisdiction over the Building
(including, by way of illustration and not limitation, using the Premises for
sleeping, lodging and cooking).

                                       D-1
<PAGE>
BUILDING SECURITY

     7. Landlord may restrict access to and from the Premises and the Building
on Saturdays and outside of the ordinary business hours of the Building for
reasons of Building Security. Landlord my require identification of persons
entering and leaving the Building during this period and, for this purpose, may
issue Building passes to tenants of the Building. Landlord shall not be liable
to any person (including, without limitation, Tenant) for excluding any person
from the Building, or for admission of any person to the Building at any time,
or for damages, loss or theft resulting therefrom. Tenants, their employees or
agents, will be required to provide appropriate identification (picture ID -
business cards are not acceptable), sign in upon entry, and sign out upon
leaving, giving the location during such person's stay and such person's time of
arrival and departure and shall otherwise comply with any reasonable access
control procedures Landlord may from time to time institute.

PASS KEY

     8. The janitor of the Building may at all times keep a pass key to the
Premises, and he and other agents of Landlord shall at all times be allowed
admittance to the Premises. Unless explicitly permitted by the Lease, Tenant
shall not employ any person other than Landlord's contractors and employees for
the purpose of cleaning and taking care of the Premises. Landlord shall not be
responsible for any loss, theft, mysterious disappearance of or damage to any
property, however occurring.

LOCKS AD KEYS FOR PREMISES

     9. No additional lock or locks shall be placed by Tenant on any door in the
Building and no existing lock shall be changed unless the written consent of
Landlord shall first have been obtained. A reasonable number of keys to the
Premises and to the toilet rooms, if locked by Landlord, will be furnished by
Landlord, and Tenant shall not have any duplicate key made. Landlord also shall
fumish to Tenant the appropriate number of parkinglaccess cards for access and
egress to and ftom the Building as applicable during hours outside the ordinary
business hours of the Building. The distribution and use of such access cards by
Tenant and its employees shall be subject at all times to such additional rules
as Landlord may promulgate from time to time. At the termination of this tenancy
Tenant shall promptly return to Landlord all keys and access cards to the
Building, offices, toilet rooms, and parking facilities. Tenant shall promptly
report to Landlord the loss or theft of any key or access card.

SIGNS

     10. Signs on Tenant's entrance door will be provided for Tenant by
Landlord. No advertisement, sign or other notice shall be inscribed, painted or
affixed on any part of the outside or inside of the Building, except upon the
interior doors as permitted by Landlord, which advertisement, signs, or other
notices shall be of Building standard order, size and style, and at such places
as shall be designated by Landlord. In addition, Landlord shall provide in the
lobby of the Building, at Landlord's expense, a building directory which shall
include Tenant's name.

USE OF WATER FIXTURES

     11. Water closets and other water fixtures shall not be used for any
purpose other than that for which the same are intended, and any damage
resulting to the same from misuse on the part of Tenant shall be paid for by
Tenant. No person shall waste water by tying back or wedging the faucets or in
any other manner.

NO ANIMALS, EXCESSIVE NOISE

     12. No birds or animals (other than seeing eye dogs) shall be allowed in
the offices, halls, corridors and elevators in the Building. No person shall
disturb the tenants of this or adjoining buildings or space by the use of any
radio or musical instrument or by the making of loud or improper noises.

BICYCLES

     13. Bicycles or other vehicles shall not be permitted anywhere inside or on
the sidewalks outside of the Building, except in those areas designated by
Landlord for bicycle parking.

TRASH

     14. Tenant shall not allow anything to be placed on the outside of the
Building, nor shall anything be thrown by Tenant out of the windows or doors, or
down the corridors, elevator shafts, or ventilating ducts or shafts of the
Building. All trash shall be placed in receptacles provided by Tenant on the
Premises or in any receptacles provided by Landlord for the Building.

WINDOWS AND ENTRANCE DOORS

     15. Window shades, blinds or curtains of a uniform Building Standard color
and pattern only shall be provided for the exterior glass of the Building to
give uniform color exposure through exterior windows. Exterior blinds shall
remain in the lowered position at all times to provide uniform exposure from the
outside. No awnings, curtains, blinds, shades or screens shall be attached to or
hung in, or used in connection with any window or door of the Premises without
prior written consent of Landlord, including approval by Landlord of the
quality, type, design, color and manner of attachment. Tenant entrance doors
should be kept closed at all times in accordance with the fire code.

                                      D-2
<PAGE>

HAZARDOUS OPERATIONS AND ITEMS

     16. Tenant shall not install or operate any steam or gas engine or boiler,
or carry on any mechanical business in the Premises without Landlord's prior
written consent, which consent may be withheld in Landlord's absolute
discretion. The use of oil, gas or inflammable liquids for heating, lighting or
any other purpose is expressly prohibited. Explosives or other articles deemed
extra hazardous shall not be brought into the Building. No flammable,
combustible or toxic fluid or substance and no explosives. Tenant shall not
cause or permit any gases, liquids or odors to be produced upon or emanate from
the Premises.

HOURS FOR REPAIRS, MAINTENANCE AND ALTERATIONS

     17. Any repairs, maintenance and alterations required or permitted to be
done by Tenant under the Lease shall be done only during the ordinary business
hours of the Building unless Landlord shall have first consented in writing to
such work being done outside of such times. If Tenant desires to have such work
done by Landlord's employees on Saturdays, Sundays, holidays or weekdays outside
of ordinary business hours, Tenant shall pay the extra cost of such labor.

NO DEFACING OF PREMISES

     18. Except as permitted by Landlord, Tenant shall not mark upon, cut, drill
into, drive nails or screws into, or in any way deface the doors, walls,
ceilings, or floors of the Premises or of the Building, nor shall any connection
be made to the electric wires or electric fixtures without the consent in
writing on each occasion of Landlord or its agents, and any defacement, damage
or injury caused by Tenant shall be paid for by Tenant.

LIMIT ON EQUIPMENT

     19. The installation of office equipment, computer networking installations
and modifications, and telecommunications equipment which involves wiring
outside of the Premises shall be done only after the prior written approval of
the Landlord's building manager is obtained and then only as directed by the
electrician of the Building or by some other employee of Landlord who may be
instructed by the superintendent of the Building to supervise same, and no
boring or cutting for wiring shall be done unless approved by Landlord or its
representatives, as stated.

SOLICITATION; FOOD AND BEVERAGE

     20. Landlord reserves the right to restrict, control or prohibit
canvassing, soliciting and peddling within the Building. Tenant shall not grant
any concessions or licenses for the sale or taking of orders for food or
services or merchandise in the Premises, nor permit the preparation (except for
heating of food in a microwave oven), serving, distribution or delivery of food
or beverages in the Premises without the approval of Landlord and in compliance
with arrangements prescribed by Landlord. All food and beverage delivery to the
Building shall utilize the service entrance to the Building. Nothing in this
provision shall be constmed to eliminate the Tenant's right to operate, for use
of Tenant's employees and customers, vending machines within the Premises and
arrange for food delivery to the Premises by outside vendors.

SMOKING POLICY

     21. Smoking in all Common Areas of the Building is prohibited. Common Areas
include, without limitation, atriums, rest roonis, balconies, lobbies, hallways,
elevators, stairwells and entries.

OBLIGATION TO INFORM

     22. It is the express obligation of the Tenant to infortn, in a timely
manner, each of its employees, agents, invitees, or guests of the Rules and
Regulations of the Building and to cause such parties to comply therewith.

CAPTIONS

     23. The caption for each of these rules and regulations is added as a
matter of convenience only and shall be considered of no effect in the
construction of any provision or provisions of these rules and regulations.

                                       D-3
<PAGE>
                                   EXHIBIT "E"
                              ESTOPPEL CERTIFICATE

Cypress Commons
c/o 5405 Cypress Center Drive, Suite 105
Tampa Florida, 33609

c/o General Electric Investment Corporation
Post Office Box 7900
3003 Summer Street
Stamford, Connecticut 06904-7900

c/o FAISON
5405 Cypress Center Drive, Suite 105
Tampa Florida, 33609

     Re: Cypress Commons
         (the "Office Building")

Gentlemen:

Post, Buckley, Schuh & Jernigan, Inc., ("Tenant") currently leases space in the
Office Building pursuant to that certain lease, dated the _____ day of
_______________, 19____, (the "Lease"), between Cypress-Tampa II Limited
Partnership, as landlord ("Landlord"), and Tenant, as tenant. Tenant understands
that Landlord and _______________ is acting in reliance on this certificate.

     In connection with such capital contribution, Tenant hereby acknowledges
     and agrees that:

     1. The documents attached hereto as Exhibit "A" constitute a complete and
     accurate copy of the Lease, and there are no other amendments or agreements
     to which Tenant is a party which are binding upon Landlord and relate to
     the Office Building other than as expressly set forth in the Lease.

     2. The Lease is in full force and effect and Tenant has not given Landlord
     any notice of termination or default thereunder.

     3. To the best of Tenant's knowledge, no uncured breaches or defaults exist
     under the Lease, no facts or circumstances exist, which with the passage of
     time, will constitute a breach or default under the Lease and no offsets,
     defenses, or claims are presently available to Landlord or Tenant under the
     Lease.

     4. Tenant is in full and complete possession of its Premises in the Office
     Building and has accepted its Premises in the Office Building, including
     the work of Landlord performed thereon pursuant to the terms and provisions
     of the Lease, and all common areas of the Office Building (including,
     without limitation, parking areas, access ways, and landscaping) as being
     complete, in compliance with the Lease, and satisfactory for Tenant's
     purposes.

     5. Tenant has not prepaid any rent or other charges under the Lease to
     Landlord other than as referred to in the Lease and other than for the
     calendar month of _______________, 19____.

     6. Tenant has not tendered to Landlord any security, advance, or similar
     deposit with respect to its tenancy of Premises in the Office Building,
     except as otherwise disclosed in the Lease.

     7. Tenant has not assigned all or any part of its interest in and to the
     Lease as security or otherwise and has not subleased all or any part of the
     Premises leased by Tenant under the Lease.

     8. The term of the Lease commenced on _______________, 19____, and,
     accordingly, Tenant has commenced to pay rent and other charges to Landlord
     as of such date under, and in accordance with, the Lease and is conducting
     business with the public in the Premises it leases pursuant to the Lease.

     9. The undersigned is duly authorized to execute and deliver this
     certificate for and on behalf of Tenant.

     Tenant hereby acknowledges and agrees that Landlord and __________ shall be
     entitled to reply on the truth and accuracy of the foregoing certifications
     made by Tenant. Tenant further hereby agrees for a period of thirty (30)
     days from the date hereof to notify Landlord and ____________ in writing at
     their addresses set forth hereinabove of any changes in the truth and
     accuracy of any of the certifications contained herein promptly upon
     Tenant's learning of each such change.
     Dated this _____ day of _______________, 19____,

                                                     Very truly yours,

                                      E-1
<PAGE>

                                   EXHIBIT "F"

                            5300 West Cypress Street
                                 Tampa, Florida

                                LEGAL DESCRIPTION

DESCRIPTION: Lots I through 8, inclusive of Plat of the Marene Place, according
to the map or plat thereof recorded in Plat Book 16, Page 2, of the Public
Records of Hillsborough County Florida, and Lot A of HANKIN'S& ZINN'S
Re-Subdivision of Lot 1, Block 29, of Tampania according to the map or plat
thereof as recorded in Plat Book 12, Page 98, of the Public Records of
Hillsborough County, Florida, less that part taken by orders of taking recorded
in Minute Book 144, Page 237 and in Official Record Book 2828, Page 814, and in
Official Record Book 3200. page 437, of the Public Records of Hillsborough
County, Florida, for right-of-way and being more particularly described as
follows:

Beginning at the Southeast comer of Lot A of HANKIN'S & ZINN'S RE-SUBDIVISION of
Lot 1, Block 29, of Tampania, according to the map or plat thereof as recorded
in Plat Book 12 , Page 98, of the Public Records of Hillsborough County,
Florida, run thence N. 89'20'56" W., 226.12 feet along the South boundary of
said Lot A to the Easterly right of way line of Frontage Road as recorded in
O.R. Book 2828, Page 814, of the Public Records of Hillsborough County, Florida,
thence along said Easterly right-of-way line the following six (6) courses, (1)
N.32"24'32" W., 140.88 feet; (2) thence N. 00'08'49" W., 61.60 feet; (3) thence
S.89'22'06" W., 38.68 feet; (4) thence N.32"24'32" W., 95.70 feet to a point of
curvature; (5) thence Northwesterly 133.27 feet, along the arc of a curve to the
right (having a radius 180.00'feet a central angle of 15'54'29", and a chord
bearing and distance of N. 24'27' 18" W., 132.84 feet ) to a point of tangency;
(6) thence N. 16'3' 03" W., 35.25 feet; thence along the intersection
right-of-way line of Frontage Road and Cypress Street (as taken by said 0. R.
Book 2828, Page 814 ), Northeasterly, 28.22 feet along the arc of a curve to the
right (having a radius of 15.00 feet and a chord bearing and distance of N. 37'
23 ' 36" E., 2.24 feet), thence S. 88'42'45" E., 451.52 feet along the South
right-of-way line of Cypress Street as recorded in O.R. Book 2828, Page 814 and
0. R. Book 3200, Page 437, of the Public Records of Hillsborough County,
Florida; thence S. 0101 5'29" W., 427.29 feet along the East boundary of said
Lot A and the West right-of way line of North O'Brien Street to the Point of
Beginning.

Containing 154,626 sq. ft. or 3.550 acres, more or less.

                                       F-1
<PAGE>

                                   EXHIBIT "I"

                           EXPANSION SPACE FLOOR PLAN
                          CYPRESS COMMONS SECOND FLOOR

                               [GRAPHIC OMITTED]
<PAGE>

                                    EXHIBIT J

                                ADDENDUM TO LEASE

                                 LEASE AGREEMENT
                    FROM CYPRESS-TAMPA II LIMITED PARTNERSHIP
                    TO POST, BUCKLEY, SCHUH & JERNIGAN, INC.

This addendum modifies and is made part of the Lease Agreement (the Lease)
between the parties specified above for premises located at 5300 West Cypress
Street, Suite 295 and Suite 300, Tampa, Florida, 33607, commencing 1998. In
addition to the provisions set forth in the Lease, the parties agree as follows:

     Commencement.  As set forth in Section 2(A) of the Lease.

     Delivery. Not applicable.

     Annual Operating Costs. As set forth in Article 5 of the Lease.

     Interest and Late Charges. As set forth in Article 29 of the Lease.

     No Relocation or Substitution. Landlord shall have no right to relocate
     Tenant or substitute any other space for the leased Premises during the
     term of this Lease Agreement.

6. Vacation. So long as Tenant pays rent, maintains the Leased Premises in good
condition and is not otherwise in default under the provisions of this Lease,
Tenant's vacation, abandonment or failure to conduct business at the leased
premises shall not be considered an event of default.

7. Holdover. Provided this Lease is then in full force and effect and provided
Tenant is not in monetary or material default of this Lease (as determined by a
court of law), at the time of Tenant's exercise of its right to holdover for any
particular month during the Permitted Holdover Period (as those terms are
defined below), or at the time each such holdover month takes effect during the
Permitted Holdover Period, and provided that Tenant has not theretofore been in
monetary or material default of any provision of this Lease, and further
provided Tenant delivers to Landlord at least ninety (90) days advanced written
notice of its election to remain in possession for each month during the
Permitted Holdover Period, Tenant may remain in possession after the Lease Term
for each such month and Tenant's holdover rent for each such month shall be at a
monthly Base Rent of one hundred ten percent (110%) of the Base Rent of the
final month of the Lease Term or any renewal thereof plus any other Operating
Costs and Additional Rent due and payable by Tenant to Landlord under this
Lease. The Permitted Holdover Period shall be the three (3) months immediately
following the expiration of the Lease Term or the renewal term, if applicable.

     If Tenant fails to give timely notice as aforesaid for each month of the
Permitted Holdover Period, but remains in possession of the Premises during the
Permitted Holdover Period, Tenant's holdover rent for any such month shall be at
a monthly Base Rent of one hundred thirty-five percent (135%) of the Base Rent
of the final month of the Lease Term or any renewal thereof plus any other
Operating Costs and Additional Rent due and payable by Tenant to Landlord under
this Lease.

     Anything in this Article to the contrary notwithstanding, Tenant shall,
with respect to each notice to Landlord of its election to remain in possession
during the Permitted Holdover Period, always use its best efforts to notify
Landlord of its election as soon as Tenant determines its requirements to remain
during any holdover month of the Permitted Holdover Period and give Landlord the
date Tenant intends to vacate the Premises; further, Tenant shall not be
entitled, under any circumstances, without Landlord's prior written consent, to
remain in possession of the Premises after September 30, 2003, or if Tenant duly
exercises its option to renew pursuant to Article 52, after September 30, 2006.
If Tenant remains in possession after said date, with Landlord's acquiescence
and without any distinct agreement between the parties, Tenant shall be a tenant
at will and such tenancy shall be subject to all the provisions hereof, except

                                      J-1
<PAGE>

that Tenant's holdover rent shall be at the statutory rate for holdover
tenancies under the laws of the state of Florida, and there shall be no renewal
of this Lease by operation of law. Except as provided With respect to the
Permitted Holdover Period, nothing in this Paragraph shall be construed as a
consent by Landlord to the possession of Premises by Tenant after the expiration
of the Lease Term or the expiration of the renewal term, if applicable.

8. Alterations; Installation of Tenant's Equipment. Tenant will not, without
Landlord's prior written consent, make alterations, additions or improvements in
or about the Premises without Landlord's prior written approval, which approval
will not be unreasonably withheld or delayed. Such alterations, additions or
improvements and the installation of any of Tenant's furnishings, fixtures, or
equipment shall be made at Tenant's sole cost and expense by licenced and
insured contractors and workmen selected by Tenant and approved by Landlord,
which approval shall not be unreasonably withheld or delayed. Landlord's
approval of contractors and workmen may be conditioned, among other things, upon
Landlord's receipt of acceptable lien waivers from such contractors and workmen.
Provided, however, no approval of any alteration, addition or improvement shall
be required so long as the same are non-structural in nature affecting only the
interior wall partitions and interior doors within the Premises and minor HVAC
alterations (such as moving VAV boxes and minor electrical work such as moving
electrical outlets), so long as said minor work does not affect the HVAC
systems, plumbing systems, and electrical systems of the Building. Tenant will
not do anything to or on the Premises which will increase the rate of fire
insurance on the Building. All alterations, additions or improvements of a
permanent nature made or installed by Tenant to the Premises shall become the
property of Landlord at expiration of this Lease, but Landlord reserves the
right to require Tenant to remove any improvements or additions made to the
Premises by Tenant and to repair and restore Premises to their condition prior
to such alteration, addition or improvement. Tenant further agrees to do so
within thirty (30) days after the expiration of the Lease Term or the expiration
of the renewal term, if applicable. Tenant shall remove, within the (10) days
after receipt of notice of filing, any lien for material or labor claimed
against the Premises by any contractors, workmen or materialmen, if such claim
should arise; and Tenant hereby agrees to indemnify and hold Landlord harmless
from and against any and all costs, expenses or liabilities (including
attorney's fees and related fees and costs) incurred by Landlord as a result of
such liens.

9. Consents and Approvals. Notwithstanding any other provision of this Lease,
all consents and approvals to be given by the Landlord or the Tenant, as the
case may be, shall not be unreasonably withheld or delayed. No administrative
fees or expenses shall be charged in connection with any such approvals. In
cases where either party exercises judgment in accordance with the terms of this
Lease, such judgment shall be exercised reasonably.

10. No Landlord's/Tenant's Lien. No lien or security interest is granted to
either party in connection with this Lease

11. Estoppel and Documents. In furnishing estoppel certificates or other
documents that may be required in connection with this Lease Agreement, Tenant
shall not be obligated to include any statement which it considers to be untrue
or inaccurate, or to include any provision which is not reasonably necessary to
such document or which modifies its rights under this Lease Agreement.

12. Defaults and Remedies. No remedy for alleged or actual default by either
party shall be permitted or taken unless the party alleged to be in default has
been provided written notice by certified mail to the address specified in the
Lease Agreement, and has failed to remedy the default within ten (10) business
days. If either party acts unreasonably or maliciously in pursuing its rights or
remedies under this Lease, that party shall be liable for damages and/or
prosecution in connection with that action.

13. Legal Rights. Neither party waives any of its legal rights or notice periods
provided by law in connection with this Lease Agreement, and no provision of
this Agreement shall be interpreted as a waiver of such rights. No power of
attorney or attomey-in-fact status is granted to either party in connection with
this Lease.

14. Litigation. In the event that either party is required to utilize litigation
to enforce the provisions of this Lease, the prevailing party shall be entitled
to recover all reasonable costs, reasonable expenses and reasonable attorney's
fees incurred in connection with such litigation.

15. Conflict. In the case of any conflict between the Lease and this Addendum,
this Addendum shall govern.

                                      J-2
<PAGE>

                       FOURTH AMENDMENT TO LEASE AGREEMENT

                            SUPERCEDES AMENDS (1-3)

THIS FOURTH AMENDMENT TO LEASE AGREEMENT (the "Fourth Amendment") is made and
entered into as of the 1st of March, 2000 between Highwoods/Florida Holdings
L.P. as successor in interest to Cypress-Tampa II Limited Partnership, a limited
partnership organized and existing under the provisions of the Revised Uniform
Limited Partnership Act of the State of Delaware (herein called "Landlord") with
Landlord having its office at 3111 W. Dr. Martin Luther King, Jr. Blvd., Suite
300, Tampa, Florida 33607, and Post, Buckley, Schuh & Jernigan, Inc. ("Tenant"),
having its office at 2001 NW 107th Avenue, Miami, FL 33172.

                                   WITNESSETH

         Whereas, Landlord and Tenant entered into a Lease Agreement dated the
25th day of March, 1998 (such document hereinafter collectively referred to as
the "Prime Lease") and subsequently entered into the First, Second and Third
Amendments to the Prime Lease; and

         Whereas Landlord and Tenant desire to modify the Prime Lease by this
Fourth Amendment to Lease Agreement ("Agreement") to expand the Premises

         Now, therefore, in consideration of the mutual covenants herein
contained and other good and valuable consideration, it is covenanted and agreed
between Landlord and Tenant that the Prime Lease is further modified to read as
follows:

1.       Expansion. On the commencement date set forth below, the Premises shall
         be deemed to include Suite 281 (the "Expansion Space") as shown in
         Exhibit A hereto. Rentable area of the Premises shall be adjusted to
         53,451 square feet, and Tenant's Proportionate Share shall be adjusted
         to 46.69% of the Building's 114,472 square feet.

2.       Commencement. This Fourth Amendment shall commence on March 8, 2000 or
         as soon thereafter as the Landlord has delivered the Expansion Space to
         Tenant with any necessary tenant improvements that the parties have
         agreed shall be performed by Landlord.

3.       Rent. On the Commencement Date Base Rent shall be adjusted as set forth
         below:

                          Period       Rate/SF/Year    Monthly Base Rent
                          ------       ------------    -----------------
                  3/8/99 - 6/30/99        $17.00           $75,722.25
                  7/1/00 - 6/30/01        $18.00           $80,176.50
                  7/1/01 - 6/30/02        $19.00           $84,630.75
                  7/1/02 - 6/30/03        $20.00           $89,085.00

         The above amounts do not include applicable Florida State sales and use
         taxes, which taxes shall be paid by Tenant with each payment of Base
         Monthly Rent.

<PAGE>

4.       Improvement Allowance. In accordance with Article 51 of the Lease,
         Tenant shall accept the space in "as is" condition. Landlord shall
         provide an improvement allowance of $4,236.00.

5.       Conflict. All other terms and provisions of the Lease and prior
         Amendments shall remain in full force and effect. In the case of any
         conflict between the Lease, First Amendment, Second Amendment or Third
         Amendment and this Fourth Amendment, this Fourth Amendment shall
         govern.

IN WITNESS WHEREOF, this Fourth Amendment has been duly executed by the parties
hereto effective as of the Effective Date.

WITNESSES:                          LANDLORD

                                    Highwoods/Florida Holdings L.P.
                                    By its Agent, Highwoods Properties, Inc.

/s/ [ILLEGIBLE]                     By: /s/ STEPHEN A. MEYERS
------------------------------          ----------------------------------------
Printed Name: [ILLEGIBLE]           Printed Name: Stephen A. Meyers
                                                  Vice President

/s/ [ILLEGIBLE]                     Its:
------------------------------          ----------------------------------------
Printed Name: [ILLEGIBLE]           Date: 3/16/00

                                    TENANT

                                    Post, Buckley, Schuh & Jernigan, Inc.

/s/ MARKEISHA SUCKIE                By: /s/ RICHARD M. GRUBEL
------------------------------          ----------------------------------------
Printed Name: Markeisha Suckie      Printed Name: Richard M. Grubel

/s/ ROSANNE PANTALEO                Title: Senior Vice President
------------------------------          ----------------------------------------
Printed Name: Rosanne Pantaleo      Date: 2/29/2000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00011-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00011-of-00352.parquet"}]]