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Exhibit 10.26    
  

ELEVENTH AMENDMENT TO OFFICE BUILDING LEASE AGREEMENT  

        THIS ELEVENTH AMENDMENT TO OFFICE BUILDING LEASE AGREEMENT (this "Amendment"), made and entered into as of the
28th day of October, 2002, by and between NATIONAL OFFICE PARTNERS LIMITED PARTNERSHIP, a Delaware limited partnership ("Landlord") and  FIRSTWAVE TECHNOLOGIES,
 INC., a Georgia corporation (Tenant"); 

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

        WHEREAS, Atlanta Overlook Associates #3 ("Original Landlord") and Brock Control Systems, Inc. ("Original
Tenant") entered into that certain Office Building Lease Agreement dated January 30, 1988, as amended by that certain First Amendment to Office Building Lease dated December 27, 1988, as
further amended by that certain Second Amendment of Office Building Lease dated October 2, 1989, as further amended by that certain Third Amendment to Lease Agreement dated March 10,
1993, as further amended by that certain Fourth Amendment to Lease Agreement (the "Fourth Amendment") dated June 24, 1993, as further amended by that certain Fifth Amendment to Lease Agreement
dated March 22, 1994, as further amended by that certain Sixth Amendment to Lease Agreement (the "Sixth Amendment") dated September 22, 1994, as further amended by that certain Seventh
Amendment to Lease (the "Seventh Amendment") dated January 20, 1998, as further amended by that certain Eighth Amendment to Lease dated May 8, 1998, as further amended by that certain
Ninth Amendment to Lease dated February 3, 2000, and as further amended by that certain Tenth Amendment to Lease (the "Tenth Amendment") dated February 28, 2000 (collectively, the
"Lease") for certain premises in the building known as Overlook III and located at 2859 Paces Ferry Road, Atlanta, Georgia 30339 (the "Building"), consisting of approximately 25,467 rentable square
feet (based on a remeasurement of the Premises), being known as Suite 1000 (the "Premises"); 

        WHEREAS, Landlord is the successor-in-interest to the Original Landlord; 

        WHEREAS, Tenant is the successor-in-interest to the Original Tenant; 

        WHEREAS, Tenant has exercised its Reduction Option under the Lease and desire to reduce the size of the Premises; and 

        WHEREAS, Landlord and Tenant desire to evidence such reduction of the Premises and to amend certain other terms and conditions of the
Lease and evidence their agreements and other matters by means of this Amendment; 

        NOW THEREFORE, in consideration of the mutual covenants contained herein, and other good and valuable consideration, the receipt, adequacy
and sufficiency of which are hereby acknowledged, the Lease is hereby amended and the parties hereto do hereby agree as follows: 

        1.    Reduction Space.    Effective as of April 30, 2003 (the "Effective Date"), Tenant
shall relinquish and surrender to Landlord and, subject to satisfaction of the requirements set forth below, Landlord shall take back and accept from Tenant approximately 10,049 rentable square feet
of the Premises as shown on Exhibit "A" attached hereto and by this reference made a part hereof (the "Reduction Space"). Should all of the
foregoing conditions be met as of the Effective Date, the total rentable square feet of space leased pursuant to the Lease shall be decreased to 15,418 rentable square feet as of such date, and the
Premises shall be 15,418 rentable square feet being Suite 1000. Tenant shall surrender the Reduction Space in the condition required under Section 8 of the Lease. The parties agree that
the remaining balance of the tenant improvement allowance due from Landlord to Tenant is $92,508.00 (based on $6.00 per rentable square foot multiplied by 15,418 rentable square feet). 

        2.    Base Rent.    From and after the Effective Date and continuing thereafter up to and
throughout the remainder of Lease Term, Tenant shall continue to pay Base Rent for the Premises under the same terms and conditions as set forth Paragraph 2 of the Tenth Amendment, except that
such Base Rent shall be based upon 15,418 rentable square feet of space. Prior to the Effective Date, Tenant shall 

continue to pay Base Rent for the Premises pursuant to the terms and conditions as set forth in Paragraph 2 of the Tenth Amendment with the monthly Base Rent being calculated on the Premises
consisting of 25,216 rentable square feet. Prior to the Effective Date, Base Rent shall not be adjusted to reflect the remeasurement of the Premises. 

        3.    Tenant's Share.    As of the Effective Date, Tenant's Share (as defined in
Paragraph 1.1.3 of Exhibit "B" to the Fourth Amendment) shall exclude the Reduction Space for purposes of calculating such percentage.
Tenant's Share shall be 3.57% as of the Effective Date. 

        4.    Construction Costs.    Tenant shall be responsible for all costs incurred by Landlord in
connection with the separation of the Reduction Space from the Original Premises, including, without limitation, costs of constructing a demising wall, correction of code violations resulting from the
division of the Premises, and the cost of separating the electricity, plumbing and other building systems. To the extent
additional common corridors are required due to the separation of the Premises, Landlord and Tenant will each be responsible for one half (1/2) of the total costs thereof. Tenant shall
reimburse Landlord for all of such expenses within thirty (30) days of demand. 

        5.    Right to Negotiate.    Pursuant to Paragraph 6(f) of the Tenth Amendment,
Tenant agrees that it shall not lease any space in any other building in Atlanta, Georgia without first providing Landlord with the right to lease to Tenant similar space on the same economic terms
and conditions of a new lease at another building. 

        6.    Modifications and Deletions.    Paragraph 5 of the Tenth Amendment (Termination
Option), and Paragraph 7 of the Tenth Amendment (Right of First Offer) are hereby deleted in their entirety and are of no further force or effect. 

        7.    Brokers.    Tenant represents and warrants to Landlord that neither it nor its officers
or agents nor anyone acting on its behalf has dealt with any real estate broker other than Hines Properties, Inc. who represented Landlord and CB Richard Ellis who represented Tenant in the
negotiating or making of this Amendment, and Tenant agrees to indemnify and hold Landlord, its agents, employees, partners, directors, shareholders and independent contractors harmless from all
liabilities, costs, demands, judgments, settlements, claims, and losses, including reasonable attorneys' fees and costs, incurred by Landlord in conjunction with any such claim or claims of any other
broker or brokers claiming to have interested Tenant in the Building or Premises or claiming to have caused Tenant to enter into this Amendment. 

        8.    No Defaults; Ratifications.    Landlord and Tenant hereby agree that there are, as of
the date hereof, regardless of the giving of notice or the passage of time, or both, no defaults or breaches on the part of Landlord or Tenant under the Lease, except Landlord does not waive any
claims with respect to those certain disputed amounts for accounts receivable due under the Lease which are being discussed with Tenant. Landlord and Tenant hereby affirm that as of the date hereof
the Lease is in full force and effect, that the Lease has not been modified or amended (except as provided in this Amendment) and that all of Landlord's obligations accrued to date have been
performed. Landlord and Tenant each hereby ratifies the provisions of the Lease on behalf of itself and its successors and assigns as to all of the terms, covenants and conditions of the Lease as
amended hereby. Landlord and Tenant further agree to fulfill all of its obligations under the Lease as amended hereby to the other throughout the remainder of the Lease Term. 

        9.    Capitalized Terms.    All capitalized terms used herein and not otherwise defined herein
shall have the meanings ascribed to them in the Lease. 

        10.    Binding Effect.    This Amendment shall not be valid and binding on Landlord and Tenant
unless and until it has been completely executed by and delivered to both parties. 

        EXCEPT AS expressly amended and modified hereby, the Lease shall otherwise remain in full force and effect, the parties hereto hereby
ratifying and confirming the same. To the extent of any inconsistency between the Lease and this Amendment, the terms of this Amendment shall control. 

        IN WITNESS WHEREOF, the undersigned parties have duly executed this Amendment as of the day and year first above written. 

	 	LANDLORD:
	

 	
NATIONAL OFFICE PARTNERS LIMITED

PARTNERSHIP, a Delaware limited partnership

	

 	
 	

By:	

Hines National Office Partners Limited Partnership, a Texas limited partnership

general partner

	

 	
 	

By:	

Hines Fund Management, L.L.C., a Delaware limited liability company

its general partner

	

 	
 	

 	

By:	

Hines Interests Limited Partnership, a Delaware limited partnership

its sole member

	

 	
 	

 	

 	

By:	

Hines Holdings, Inc., a Texas corporation, its general partner

	

 	
 	

 	

 	

 	

By:	

/s/  C KEVIN SHANNAHAN      
 C. Kevin Shannahan
 Executive Vice President

	

 	
TENANT:
	

 	
FIRSTWAVE TECHNOLOGIES, INC.,
 a Georgia corporation
	

 	

By:	

/s/  JUDITH A VITALE      
 Name:  Judith A. Vitale

Title:    CFO

 
 

EXHIBIT "A"    
  

Graphic showing "Reduction In Space—10,049 RSF"  

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Exhibit 10.26

EXHIBIT "A"QuickLinks
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Exhibit 10.1    
  

 
 

PROVIDENT BANKSHARES
  
    2002 EXECUTIVE INCENTIVE PLAN    
  

	I.	 	Objective:	 	The purpose of this plan is to relate incentive compensation paid to bank executive management with the achievement of profitability objectives and predefined goals of the company.
	

II.	
 	

Participants:	
 	

This plan shall apply to the levels of management defined below:
	

 	
 	

 	
 	

 	
 	

 	
 	

Chairman/Chief Executive Officer

President
	

 	
 	

 	
 	

To be eligible for benefits under this plan each participant must be employed in one of the above categories. For those employed in one of the above categories less than one full year the amount will be pro-rated based on the actual number of full
calendar months employed in one of the above categories.
	

III.	
 	

Plan Description:	
 	

A.	
 	

Performance Measures
	

 	
 	

 	
 	

 	
 	

1.	
 	

Corporate

a. the criteria to be used for the corporate performance measure shall be Earnings Per Share as determined by the Board of Directors.

b. the target to be used in computing incentive compensation will be achievement of a minimum of 90% of the Earnings Per Share target. The maximum will be of 110% of the Earnings Per Share target.
	

 	
 	

 	
 	

 	
 	

2.	
 	

Individual

the criteria to be used for the individual performance measure should be based on achievement of pre-defined goals. These goals will be annually reviewed by the Compensation Committee of the Board of Directors and shall include, but not be limited to,
 the following:
	 	 	 	 	 	 	 	 	(1)	 	Management of the Company—with particular emphasis on retention and development of key personnel.
	 	 	 	 	 	 	 	 	(2)	 	New Initiatives—to include acquisition or development of new businesses appropriate to the Company's strategic plan.
	 	 	 	 	 	 	 	 	(3)	 	Financial Progress—including improvement in ROA, ROE, corporate efficiency goals, net income targets and shareholder value.
	 	 	 	 	 	 	 	 	(4)	 	Risk Management—including prevention and/or resolution of litigation or compliance exceptions, execution of property sales or acquisitions, and use of derivatives for hedging interest rate risk, etc.

Page 1

 

	 	 	 	 	B.	 	Incentive Compensation Computation
	

 	
 	

 	
 	

 	
 	

1.	
 	

Corporate Performance
	 	 	 	 	 	 	 	 	a. Minimum—the minimum incentive compensation will be payable under this plan when 90% of the Earnings Per Share target of the corporation is achieved.

b. Maximum—the maximum incentive Compensation will be payable under this plan when 110% of the Earnings Per Share target is achieved.

c. 75% of the calculated award is paid automatically.
	

 	
 	

 	
 	

 	
 	

2.	
 	

Individual Performance
	 	 	 	 	 	 	 	 	a. The remaining 25% of the calculated award shall be paid based on the Board's determination of annual performance results by the participants under the plan.
	

 	
 	

 	
 	

 	
 	

3.	
 	

After final determination of the incentive compensation due to participants, all amounts shall be rounded upwards to the nearest $100.
	

IV.	
 	

Payment of Benefits:	
 	

A.	
 	

Applicability: 75% of the calculated award is automatically paid to each eligible participant pro-rated for full months of service worked in the plan year. The remaining 25% of the calculated award may be awarded on an individual basis, meaning that
any payment to one member of executive management shall not create any further obligation or entitlement of other members of executive management to receive incentive compensation under this plan.
	

 	
 	

 	
 	

B.	
 	

Timing: all incentive compensation payable under this plan shall be paid to participants within two weeks after receipt of certified earnings.
	

 	
 	

 	
 	

C.	
 	

Deferral: it is intended that all or part of the compensation payable under this plan may be deferred by participants under separate agreement with the corporation. Any decision to defer incentive compensation must be made at the inception of the
current year's plan. Access to deferred moneys is guided by IRS regulations applicable to Section 401(k) of the Internal Revenue Code.
	

V.	
 	

Attachments:	
 	

Each year a schedule must be attached to this plan showing target threshold, budget and the maximum levels of incentive compensation set by the Board of Directors. This attachment shall be an integral part of this plan.

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PROVIDENT BANKSHARES
  2002 EXECUTIVE INCENTIVE PLAN
  ATTACHMENT
  
    Earnings Per Share Target    
  

	Threshold*
	 	Budget
	 	Maximum

	$1.69	 	$1.88	 	$2.07

 
 

Maximum Award Calculation as
  Percentage of Base Salary**    
  

	 
	 	Threshold
 
	 	Budget
	 	Maximum

	 	 	20%	 	50%	 	80%
	
Paid Automatically	
 	

15%	
 	

37.5%	
 	

60%
	Paid Based on Individual Goal Achievement	 	5%	 	12.5%	 	20%

 
 

Participants    
  

	Chairman/Chief Executive Officer	 	Peter M. Martin
	President	 	Gary Geisel

	*
	90%
of Earnings Per Share target

	**
	75%
of minimum award calculation is paid out automatically for achievement of Earnings Per Share target. The remaining 25% is based on individual achievement of annually defined goals. 

Page 3

QuickLinks

Exhibit 10.1

PROVIDENT BANKSHARES 2002 EXECUTIVE INCENTIVE PLAN

PROVIDENT BANKSHARES 2002 EXECUTIVE INCENTIVE PLAN ATTACHMENT Earnings Per Share Target

Maximum Award Calculation as Percentage of Base Salary

Participants

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