Document:

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                                                                    EXHIBIT 10.3

                                LICENCE AGREEMENT

Agreement Date: February 7, 2000

1a.   Operator - Registered Address:
      Regus (UK) LTD - Trafalgar Division
      1 Northumberland Avenue
      Trafalger Square
      London  WC2N 5BW

1b.   Operator - Location
      Regus Marble Arch Tower
      55 Bryanston Street
      Marble Arch
      London  W1H 8AA
      Bank Details: National Westminister Bank

2a.   User - Registered Address
      Company Name: Bluestone Software Inc.
      Contact/Title:  Mr. Steven Bale
      Address:  300 Stevens Drive
                Philadelphia, PA

3.    User's Suite Room No.(s): 509 & 603 or such other room within the
      accommodation as allocated by the
      Operator in substitution from time to time
      Deposit Receipt L6113.00
      In respect of the agreed accommodation on behalf of Regus UK Ltd.
      Standard Facility Fee L1702.00 per calendar month
      VAT L297.85
      Term Commencement Date:  February 28, 2000
      Termination Date:  August 8, 2000

Comments: contract to start February 28th and 8% discount
Office 509 List 1850 + vat per month - 8% = L1702.00 + vat per Month.
Client will move to office 603 on April 4, 2000 and the monthly rental will then
be List price L4795.00 - 8% + L4411.40 + vat per month for the next
5 months bringing total contract to six months. Should there be a break in the
contract or late start to occupying Office 603 then the discount will be reduced
to 5% per month. Regus terms normally 2 months deposit per office, will accept
One month rent fee for office 509 and one month rent fee for Office 603. Total
deposit due to secure both offices = L6113.00. Once occupying office 603
should facility bills match deposit held extra deposit will be required i.e.
L4411.40.

This License Agreement (hereafter LA) is made between the User whose name
appears in 2 above (hereafter "User") and the Operator whose registered name and
address appear in 1a (hereafter "Operator"). The Accommodation is the 2nd, 3rd,
4th, 5th, 6th and 7th floors of Marble Arch Tower, 55 Bryanston Street, Marble
Arch, London, W1H 8AA (hereafter "Accommodation").

The User hereby confirms that the User has read and understood the terms and
conditions overleaf and agrees to be bound thereby and The Operator agrees to
provide the services and facilities as mentioned overleaf.

For and on behalf of The Operator          For and on behalf of The User
Name (printed): Kelly Dean                 Name (printed):  S. Craig Huke
Title: Area Sales Manager                  Title: Senior Vice President and CFO
Signature: /s/ Kelly Dean                  Signature: /s/ S. Craig Huke
---------------------------------          ------------------------------------

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                               TERMS & CONDITIONS

1. FACILITIES AND SERVICES PROVIDED UNDER THIS AGREEMENT

a) In consideration of the payment by the Client of the standard facility fee
specified in box 3 overleaf each month, the Operator provides the Client with
access to and use of fully furnished office accommodation ("the Accommodation")
as specified overleaf in box 3 and public areas such as reception, kitchen,
sanitary facilities and photocopying areas during the normal opening hours of
8.30 hrs and 18.00 hrs. from Mondays to Fridays and with express permission from
the Operator outside these hours.

The standard facility fee includes all rates (except where specifically agreed
between Client and Operator).

In addition, the standard facility fee includes:

     -    4 hours free use of the conference room for every complete calendar
          month of this Agreement, subject to availability
     -    three days office usage at any Regus center world-wide, subject to
          availability, free of charge for every complete calendar month of this
          Agreement.
     -    personalized telephone answering
     -    receptionist to greet visitors

b) The following service and facilities are made available, for an additional
service charge, either directly or through third parties:

     -    secretarial services
     -    photocopying
     -    messaging
     -    courier services
     -    facsimile
     -    travel arrangements
     -    office supplies
     -    translations
     -    meeting rooms
     -    food and beverage services
     -    mail handling
     -    voicemail*
     -    Videoconferencing*
     -    car parking*

(*subject to availability)

2. DURATION AND TERMINATION OF THE AGREEMENT

a) This Agreement is concluded for the duration specified in section 3 overleaf.
Unless terminated in writing by either party giving three months notice (two
months if the original duration is three months or less) it will be
automatically extended by further periods of three months until three months
notice of termination is received to the end of an extension period.

b) Extraordinary termination of the Agreement and of the right of access to the
business centre

     i. The Operator may terminate the Agreement or refuse an extension of the
     Agreement for just cause, including breach of any part of this Agreement.
     Equally, if the Client, being a company, enters into liquidation whether
     compulsory or voluntary (save for the purpose of reconstruction or
     amalgamation) or, being an individual, has a receiving order made against
     him or becomes bankrupt, the Operator will have the right to terminate all
     of the Client's rights under the Agreement or such other rights as the
     Operator will have the right to terminate all of the Client's rights under
     the Agreement or such other rights as the Operator designates with or
     without notice to the Client and in addition to and not in lieu of other
     remedies available. Upon such action by the Operator, the Client will
     remain liable for all obligations which have previously accrued and will to
     pay an indemnity equal to 3 months standard facility fee or the total
     facility fee of the unexpired term whichever is greater.

     ii. In case of termination of the contract between the Operator and the
     building owner, the Operator is entitled to terminate the Agreement with
     the Client by giving the Client at east three months notice to the end of a
     calendar month.

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c)  Extension of stay beyond the normal period of the Agreement

Should the Client require the use of the Accommodation once his agreement his
agreement period has terminated and has not been renewed under the general
provisions of this Agreement, it is at the Operator's discretion to permit such
an extension and it is subject to a surcharge on the standard facility fee.

3. PAYMENT OF THE STANDARD FACILITY FEE AND SERVICES CHARGES

a)  Standard facility fee

The standard facility fee plus applicable VAT as listed in section 3 overleaf is
payable in advance on the first working of each month.

b) Service charges

All service charges for additional services and facilities used plus applicable
VAT are invoiced in arrears and are payable within seven days of receipt of
invoice. The Operator reserves the right to change the cost of any or all of the
service charges at any time during the term of the Agreement by giving 30 days
notice to the Client.

c)  Deposit

Prior to being given access to the Accommodation, the Client will pay a deposit
specified overleaf as security against all obligations entered into by the
Client in this Agreement, including any damage to the Client's Accommodation and
furnishings and fittings therein. This deposit will be returned to the Client
within 60 days of the Client vacating the premises, subject to the deduction of
any outstanding standard facility fee or service charges or other fees
outstanding and the cost of returning the Accommodation to the condition it was
found in at the commencement of the term, reasonable wear and tear expected. The
Operator reserves the right to increase the deposit should the Client's
outstanding facility fee and service charges exceed the deposit amount held or
if the Client is repeatedly in arrears with payment or invoices.

d)  Penalties upon late payment

The Operator reserves the right to terminate the Agreement and ask the Client to
vacate the Accommodation immediately if the standard facility fee is not paid or
the service charges for the additional services are not paid by the end of the
day they are due. Any invoiced amounts left outstanding after their due date
will be subject to interest at the rate of 4% above the prevailing base rate.

e) Payment of disputed invoiced items

Should part of an invoice issued by the Operator be in dispute, the Client will
be obliged to pay by the deadlines mentioned above the part of the invoice which
is not in dispute while the disputed amount is being settled between the
Operator and the Client without prejudice to paragraph 3(d) above.

4. THE CLIENT'S RIGHTS AND RESPONSIBILITIES

a) The Client will be entitled to carry on his business in the Accommodation
specified in box 3 overleaf. The Operator reserves the right to request the
Client to move to another Accommodation of similar size and equipment within the
business centre should this become necessary for business reasons.

b) During the term of this Agreement and subject to timely payment of the
standard facility fee, the Client is entitled to use the address of the business
centre as his business address. Upon termination of the Agreement for whatever
reason, it is the Client's responsibly to notify all parties of the change of
address. Subsequent mail sent to the address will be returned to sender.

c) The Client may only conduct business from the Accommodation in the name of
the Client specified overleaf or such other business name as may be agreed in
writing with the Operator.

d) Upon being given access to the Accommodation, an inventory list will be drawn
up in which the Client confirms receipt of keys or entry cards, the condition of
the Accommodation and furniture and fittings at the start of the Agreement.

e) The keys and entry cards remain the property of the Operator and shall nor be
duplicated or transferred to third parties without the express written
permission of the Operator. The loss of keys must be reported to the Operator
immediately. The cost of lost keys or cards as well as the cost of changing
locks will be borne by the Client. Should the Client use the premises outside
normal working hours he is responsible for locking all doors used.

f) The Client may not alter the Accommodation allocated to him in any way or
install any furniture, equipment or telecommunication connections without the
prior written consent of the Operator. The granting of this consent is entirely
at the discretion of the Operator.

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g) The Client will conduct his business in a way which does not interfere with
the Operator or any other Client of the business centre and will comply with all
laws, permits, licensing laws, taxes and any other requirement regulating the
conduct of his business.

h) The Client may not bring animals into the centre or play loud music or use
amplification equipment.

i) The Client may not mount name signs or any type of advertising boards visible
from outside his immediate Accommodation. If a house directory is available in
the business centre, the Client will be included in this. Any costs incurred in
doing so will be paid for by the Client.

j) The Client may not use the Accommodation for any activities or actions which
could be damaging to the Operator or the building owner or which could lead to
an increase in the insurance premiums to be paid by the Operator.

k) The Client may not offer employment to or hire any of the employees of the
Operator. This applies to the entire duration of the Agreement and six months
following its termination. If the Client contravenes this provision, the
Operator will be entitled to compensation in the sum of the total annual
remuneration of the employee(s) in question.

l) The Client will remain solely responsible for the safety of its property and
personnel and is responsible for arranging contents and third party liability
insurance for his equipment and belongings and for his actions and actions of
his employees. The Client shall defend, indemnify and hold the Operator harmless
from any and all claims, liability or loss arising out of or incident to (i) any
injury to or death of persons occurring on or near the Accommodation, (ii) the
provision of, or use by the Client of any facilities (including occupancy of the
Accommodation) or services hereunder.

m) The Client shall take such steps as are necessary to comply with its health
and safety obligations and shall comply with such reasonable requirements of the
Operator in this regard or in the management of the business centre generally as
are necessary from time to time.

n) The Client will use the premises for general office purposes only and for no
other purposes (i.e. retail or a service open to the general public), and will
not use the premises to provide to others services provided by Regus to Regus
Clients and will not in any way whatsoever use or combine the Regus name, in
whole or in part, for the purpose of trading activities.

o) The Client shall vacate the Accommodation on the day of expiry of this
Agreement leaving the Accommodation in the same condition as it was found save
fair wear and tear. The Operator does not accept responsibility for any
belongings of the Client left in the Accommodation and has the right to dispose
of such property.

p) Joint and several liability Should the Client be more than one person, all
parties to the Agreement are liable jointly and severally for all obligations
arising from the Agreement.

5. THE OPERATOR'S RIGHTS AND RESPONSIBILITIES

a)  The Operator is responsible for:

     -    general maintenance of the business centre and the Client's
          Accommodation
     -    cleaning of the entire business centre
     -    adequate lighting during normal opening hours
     -    maintenance, checks and renewals of equipment in the business centre

b) The Operator has the right to enter the Client's Accommodation, upon giving
reasonable notice, to inspect them, undertake repairs and maintenance work and
to show the Accommodation to prospective Client.

c) The Operator will not be liable for any loss sustained as a result of the
Operator failing to provide any of the services as set in this Agreement as a
result of any mechanical breakdown, strike, delay or failure of any staff,
manager or caretaker to perform their duties unless acting with gross negligence
and intent.

d) If the Client cannot be given access to the Accommodation or services
temporarily the Operator's liability will be limited to forfeiting the standard
facility fee chargeable for that period.

e) If the Operator is unable to deliver permission of any part of the
Accommodation to be provided at the commencement of the term, the Operator will
not be liable for any resulting damage nor will he have any liability except
that the Client will not have to pay the standard facility fee for the period
concerned and may withdraw from the Agreement.

6. OTHER PROVISIONS

a) This Agreement represents a contractual agreement between the Client and the
Operator for the provisions of services by the Operator to the Client. The
Operator and the Client acknowledge by their execution hereof that no tenancy or
lease rights are created in favour of the Client.

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b) This Agreement is not assignable by the Client without the express written
permission of the Operator.

c) This agreement may be transferred to another Regus centre world-wide with 60
days notice.

d) All notices by the Client or the Operator to the other must be in writing and
delivered to an officer or authorized representative of the party concerned or
sent by registered mail to the respective address shown overleaf.

e) The invalidity or unenforceability of any provision herein will not affect or
impair the validity of any other provision. No waiver of any default of the
Client will be implied from any failure by the Operator to take action with
respect to such default.

f) This Agreement supersedes any prior agreement and embodies all the
contractual stipulations between the Client and the Operator relative to its
subject matter.

g) Venue and jurisdiction. This Agreement is interpreted and enforced in
accordance with the laws of the country in which the Regus centre in question is
registered, as specified in box 1, a overleaf.

                                       5<PAGE>

                                                                    EXHIBIT 10.4

LICENCE AGREEMENT FOR THE SUPPLY OF OFFICE FACILITIES

PARTICULARS

DATE

"THE LICENSOR"             citibase plc
                           whose registered office is at:
                           Mount Manor House
                           16 The Mount
                           Guildford
                           Surrey GU2 5HS
                           whose company registration number is:
                           2767719

"THE LICENSEE"             Arjuna Solutions Ltd.
                           whose registered address is:
                           Scottish Provident House
                           31 Mosley Street
                           Newcastle upon Tyne
                           NE1 1HX

                           whose company registration number is:
                           3657462

"THE SURIETY"              Mr. Steve Caughey
                           whose address is:
                           37 Rothwell Road
                           Gosforth
                           Newcastle upon Tyne
                           NE3 1TY

"THE BUILDING"             The Licensor's complex at:
                           Churchill House
                           12 Mosley Street
                           Newcastle NE1 1DE

"THE SUITE"                Allocated Suite Number M.5
                           at The Building or such other suite within The
                           Building as is from time allocated to the Licensee

"THE COMMENCEMENT DATE"    15th day of September 200

"THE PERIOD"               6 months from The Commencement Date

"THE FEE"                  3000.00 (excluding VAT) per calendar month for
                           The Period commencing on the 15th day of
                           September 2000 to the 14th day of December 2000
                           and then 3230.00 (excluding VAT) per calendar
                           month for The Period commencing on the 15th day
                           of December 2000 to the 14th day of March 2001

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"THE STANDARD TERMS"      The terms and conditions set out in the attached
                          document headed "Standard Terms and Conditions"
                          which are inserted into this document

"THE DEPOSIT"             6460.00 pounds

"PERMITTED BUSINESS"      The Licensee's business is Selling of Software
                          Products

1. The Licensor and the Licensee agree that the Licensor shall make available to
the Licensee the Suite for the Period on payment of the Fee on the terms of the
Standard Terms.

2. Words defined in this Agreement shall bear the same meaning in the Standard
Terms.

3. The Surety agrees with the Licensor at the request of the Licensee in the
terms of clause 6 of the Standard Terms.

As WITNESS the hand of the parties hereto:

SIGNED BY                                SIGNED BY /s/ David Ingham
                                         --------------------------------
duly authorized on                       duly authorized on
behalf of the LICENSOR                   behalf of LICENSEE

Print Name                               Print Name   David Ingham

in the presence of:                      in the presence of: /s/ A. Davis
                                         --------------------------------
(the Witness)                            (the Witness) A. Davis

Address                                  Address

                                         SIGNED BY /s/ S. Caughey
                                         --------------------------------
                                         the Surety

                                         Print Name   Steve Caughey

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STANDARD TERMS AND CONDITIONS

THIS AGREEMENT is BETWEEN The Licensor and the Licensee

1.1        The Licensee has licence for The Period space (unless determined
           earlier pursuant to the provisions of this Agreement) to use The
           Suite and to use the Licensors furniture and fittings therein.

1.2        The Licensor also agrees to make available to the Licensee the office
           facilities from time to time available to the occupiers of the
           Building which facilities and the current rates of charge therefore
           are from time to time set out in the latest issue of the Facilities
           Sheet or otherwise notified by the Licensor to the Licensee ("The
           Facilities")

1.3        The Licensor will also make available adequate lavatories and
           washrooms for use by the occupiers of the Building.

1.4        The Suite shall be available at all times and the Facilities shall be
           available during usual office hours between 8:30am and 6:00pm Mondays
           to Fridays (other than Public and Bank Holidays).

2.1        During the continuance of this Licence the Licensee shall pay to the
           Licensor the fee for each calendar month (together with such value
           added tax as may be payable thereon) by Standing Order to the
           Licensors bank account each month for the use of the Suite and for
           the services set out in Clause 4 (which are included in The Fee) and
           which shall be payable monthly in advance the first of such payments
           or a proper proportion of the same in respect of the calendar month
           or part thereof commencing on the date hereof to be made on the
           signing hereof and subsequent payments to be received by the 1st day
           of each month of this Licensee until all Licence Fees due during the
           currency of this Licence shall have been paid (and in the event of
           any overpayment the same shall be returnable to the Licensee and
           shall not be deemed to be referable to any other or additional
           Licence Period).

2.2        On signing this Agreement the Licensee will pay to the Licensor The
           Deposit.

2.3        After Expiry or termination of this Licensee there shall be refunded
           to the Licensee any unexpired licence fees paid in advance and the
           deposit less in each case any sums due to the Licensor from the
           Licensee under the provision of this Agreement or otherwise.

3.0        The Licensee hereby agrees:

3.1        Not to use the Suite other than the Licensee's Permitted Business and
           to conduct such business from the Suite in a way which does not
           interfere with the Licensor or with other occupiers of the Building.

3.2        To Pay (in addition to the fee) to the Licensor the cost of the
           Facilities used by the Licensee which shall invoiced at the end of
           every month and shall be paid by the Licensee within seven days save
           that the Licensor may invoice telephone services at such more
           frequent intervals as the Licensor shall decide and the same shall be
           paid by the Licensee within two working days (failing which services
           may be withdrawn until payment is made).

3.3        Not to permit the Suite to be occupied by more than one person for
           every fifty square feet of the Suite.

3.4        Not to impede or interfere with the Licensors right of possession and
           control over the accommodation.

3.5        To give all reasonable assistance and facilities to the Licensor for
           the purpose of the inspection cleaning and repairing of the Suite and
           for other reasonable purposes.

3.6        Not to install any furniture or equipment nor alter the Suite or its
           internal layout without the prior written approval of the Licensor.

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3.7        Not to interfere with the conduct of the Licensor's business.

3.8        Not to damage or remove any of the decorations, fixtures and fittings
           or other equipment within the Suite or the Building or permit the
           same to occur and to pay to the Licensor the cost of any repairs or
           replacement that shall become necessary as a result of any breach of
           this provision.

3.9        Not to affix or display anything in the windows or doorways of the
           Suite without the consent in writing of the Licensor.

3.10       Not to withhold nor demand nor receive refund or credit of any
           payment due hereunder as a result of the Licensor failing to provide
           any of the services specified in this agreement or any of the
           Facilities or as a result of any mechanical breakdown strike delay or
           failure of any staff manager or caretaker to perform their duties.

3.11       To observe and perform all the rules and regulations from time to
           time made by the Licensor for the management of the Suite or of The
           Building generally.

3.12       To vacate the Suite on the expiry or termination of this Agreement
           the Licensor not being responsible for any item of furniture personal
           effects or other belongings left in the Suite by having the right to
           dispose of such property.

3.13       To occupy the Suite personally and not to purport to assign or novate
           or dispose of the benefit of this Agreement or otherwise share or
           allow others to occupy the Suite.

3.14       Not during or for a period of six months after expiry or terminations
           of this Licence to employ any person who has been in the employment
           of the Licensor at The Building provided that if notwithstanding this
           agreement such employment is agreed or made and accepted the Licensee
           shall pay a liquidated damages to the Licensor a fee equivalent to
           forty percent of the annual salary that such employee was receiving
           from the Licensor (together with value added tax).

3.15       To pay to the Licensor interest at three per cent per annum above the
           Royal Bank of Scotland Base Rate for the time on the sums not paid to
           the Licensor on the due date until the date such sums are paid.

4.0        The Licensor will at no additional charge (the cost of these items
           being included in the Fee):

4.1        Provide (during the like hours that the Facilities are available as
           stated in Clause 1) receptionist and telephone answering (if
           available) and message taking services.

4.2        Provide electrical power and heating and lighting facilities for The
           Building.

4.3        Provide cleaning of the Suite and common parts and lavatories and
           washrooms and kitchens.

4.4        Provide hot and cold water soap and towels in the lavatories
           washrooms of The Building.

4.5        Pay general and water rates for the Suite.

4.6        Provide a suitable sign in the entrance hall of The Building
           exhibiting the name of the occupies of The Building including that of
           the Licensee.

4.7        Effect insurance sufficient to meet the requirements of the
           Employer's Liability (Compulsory Insurance) Act 1969 in respect of
           the Licensor's employees and also covering property belonging to or
           provided by the Licensor.

5.0        The parties hereby mutually agree:

5.1        The Licensor shall not be liable to the Licensee or its employees
           invitees or any other persons for any accident, loss, damage,
           nuisance or inconvenience caused:

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<PAGE>

5.1.1      By the failure, stoppage, leaking, bursting or defect or any soil,
           gas, water, electricity, hot or cold water, sanitary or other
           apparatus or supply or

5.1.2      By reason of the breakdown of defect of the Facilities or of any
           plant and machinery mechanical or electrical equipment in the Suite
           or in The Building or any adjoining or nearby premises or

5.1.3      By the failure to clean, repair or light any adjoining or nearby
           premises.

5.1.4      By the misconduct or negligent act or failure by the Licensor and its
           employees, agents, contractors and those authorized or directed by
           the Licensor or any visitor lawful or unlawful to or on any adjoining
           or nearby premises to carry out his or their duties.

5.1.5      By the failure of the Licensor to provide any of the Facilities
           available to the Licensee because of their use by any other occupier
           of the Building.

5.1.6      By the temporary inability of the Licensee to gain access to the
           Suite.

5.1.7      And the Licensee shall indemnify the Licensor against any claims
           which may be made against the Licensor by any of the Licensee, its
           employees, invitees or others or any third party arising in any way
           from the Licensee's occupation or use of the Suite.

5.2        That the Licensor shall not be responsible to effect any insurance
           save that expressly provided in this Agreement and the Licensee shall
           be responsible for effecting its own cover in respect of any other
           risks including without limitation in relation to the Licensee's own
           contents and the Licensee's liability to the public and employees.

5.3        That this Licence may be terminated (without prejudice to accrued
           rights and obligations) by either the Licensor or the Licensee at any
           time on not less than 3 months written notice to the other and for
           the avoidance of doubt where this Agreement is entered into prior to
           that date that occupation is due to commence it is agreed that such
           termination notice may be given at any time after the date hereof
           (whether before or after the date that such occupation is due to
           commence).

5.4        That this Licence may be terminated (without prejudice to accrued
           rights and obligations) by the Licensor giving to the Licensee one
           weeks notice in writing in the event of the Licensee committing any
           breach of his obligations hereunder and without limitation if any
           money due from the Licensee to the Licensor is not paid within 7 days
           of the due date (whether demanded or not) the Licensor may treat this
           as a breach entitling the Licensor to serve a notice of termination.

5.5        That this Agreement grants only a licence to occupy and no rights of
           exclusive possession tenancy or lease and none shall come in
           existence between the parties unless so created in writing.

6.0        The Surety agrees with the Licensor for himself and to bind his
           personal representatives that the Licensee will throughout the Period
           pay the Fee and observe and perform all his obligations of the
           Licensee under this Agreement and in default the Surety agrees to pay
           the Fee and observe such obligations as primary obligations.

                                       5

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