Document:

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                                                                   EXHIBIT 10.12

                                                           STRICTLY CONFIDENTIAL

                                                                  Execution Copy

                              EMPLOYMENT AGREEMENT

      EMPLOYMENT AGREEMENT dated as of November 16, 2000, by and between NEW
YORK MERCANTILE EXCHANGE, which has its principal place of business at One North
End Avenue, New York, New York 10282 (the "Company"), and NEAL L. WOLKOFF (the
"Executive").

      WHEREAS, the parties wish to amend and restate the terms on which the
Executive is employed by the Company;

      NOW, THEREFORE, the parties agree as follows:

      1. Term. The Company hereby employs the Executive, and the Executive
hereby accepts such employment, for a term commencing as of July 1, 2000 and
ending on December 31, 2003, unless sooner terminated in accordance with the
provisions of Section 4 or Section 5 (the "Initial Term"); with such employment
to continue thereafter for successive one-year periods (each an "Extension
Term") in accordance with the terms of this Agreement (subject to termination as
aforesaid) unless either party notifies the other party of non-renewal in
writing prior to 30 days before the expiration of the Initial Term or an
Extension Term, as applicable (the period during which the Executive is employed
hereunder, including the Initial Term and each Extension Term, being hereinafter
referred to as the "Term").

      2. Duties. During the Term, the Executive shall be employed by the Company
as Executive Vice President of the Company, and, as such, the Executive shall
faithfully perform for the Company the duties of said office and shall perform
such other duties of an executive, managerial or administrative nature,
consistent with his office, as shall be specified and designated from time to
time by the Board of Directors of the Company (the "Board"). The Executive shall
devote substantially all of his business time and effort to the performance of
his duties hereunder.

      3. Compensation.

            3.1 Salary. The Company shall pay the Executive during the Term a
salary at the rate of $500,000 per year (the "Annual Salary"). For each
Extension Term, the Annual Salary shall be equal to the product of (x) $500,000,
multiplied by (y) a fraction, the numerator of which is the CPI Index (as
hereinafter defined) most recently published prior to the first day of the
Extension Term and the denominator of which is the CPI Index most recently
published prior to the date of this Agreement. As used in this Agreement, the
"CPI Index" means the Consumer Price Index for All Urban Consumers, all items
index (1982-84=100), U.S. city average, published by the U.S. Bureau of Labor
Statistics, or any successor index; provided, however, that the adjustment
provided for in this sentence shall not be made if it otherwise would result in
a reduction of the Annual Salary. The Annual Salary shall be payable in
accordance with the customary payroll practices of the Company applicable to its
senior executives.

            3.2 Bonus.

            (a) In addition to the Annual Salary, for each calendar year ending
during the Initial Term, the Executive shall have the opportunity to receive an
annual bonus (the "Annual Bonus") in an amount to be determined by the Board,
but in no event less than $250,000 per year. The Executive's minimum bonus
entitlement for the year ending December 31, 2000 shall be $250,000 and shall
not be

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prorated. For each Extension Term, the minimum Annual Bonus shall be equal to
the product of (x) $250,000, multiplied by (y) a fraction, the numerator of
which is the CPI Index most recently published prior to the first day of the
Extension Term and the denominator of which is the CPI Index most recently
published prior to the date of this Agreement; provided, however that the
adjustment provided for in this sentence shall not be made if it otherwise would
result in a reduction of the Annual Bonus.

            (b) In addition to the bonus payable for the year ending December
31, 2003, an additional bonus payment in the amount of $300,000 shall be payable
on that date if the Company (or a successor entity or holding company) shall not
by that time have completed an initial public offering or private placement of
equity securities and in connection therewith granted stock options to the
Executive in accordance with Section 3.4.

            (c) The Annual Bonus shall be deemed first earned and accrued on,
but shall be payable not later than, December 31 of each year during the Term.

            3.3 Benefits.

            (a) The Executive shall be permitted during the Term to participate
in any group life, hospitalization or disability insurance plans, health
programs, retirement plans, fringe benefit programs and similar benefits that
may be available to other senior executives of the Company generally, on the
same terms as such other executives, in each case to the extent that the
Executive is eligible under the terms of such plans or programs.

            (b) Notwithstanding the provisions of Section 3.3(a):

            (i) the Company shall provide $4,950 per year towards the cost of
term life insurance coverage to be obtained by the Executive (providing for
aggregate payments in the event of the Executive's death to the beneficiaries
named by the Executive of approximately $3,000,000), payable when the Executive
provides satisfactory evidence of such coverage and the cost thereof;

            (ii) the Executive shall be entitled to first class air travel when
traveling at the Company's request, but, if requested by the Company, the
Executive shall be required to use upgrades and similar cost control techniques,
if available;

            (iii) the Executive shall be permitted to be accompanied by family
members when travelling on the Company's business so long as the cost of the
Executive's travel and accommodations is not thereby rendered more expensive for
the Company, in which case the Executive shall bear such additional expense; and

            (iv) the Company shall provide $2,500 per year toward the cost of
disability insurance coverage to be obtained by the Executive, payable when the
Executive provides satisfactory evidence of such coverage and the cost thereof.

            3.4 Grant of Option.

            (a) The Company is pursuing a corporate reorganization and
anticipates that, following the completion of the reorganization, it may seek to
pursue an initial public offering (or private placement) of the equity
securities of a newly formed holding company. The Executive acknowledges that
either or both of the corporate reorganization and the initial public offering
(or private placement) might not be completed, and the Company has not promised
that either will in fact occur. The Company

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reserves the right to change its plans in this regard at any time and will incur
no liability to the Executive if it does so.

            (b) If and when the Company completes a corporate reorganization and
the Company or its successor in interest or a holding company thereof completes
an initial public offering or private placement of its equity securities,
effective not later than the closing of the initial public offering or private
placement, the Executive shall be granted an option (the "Option"), which shall
not be required to be qualified under Section 422 of the Internal Revenue Code
of 1986, as amended, to purchase common stock of the issuer of the equity
securities in the initial public offering or private placement at a per-share
price not greater than the price at which the securities first are offered to
the public. The number of securities subject to such option shall be consistent
with the number of securities issuable pursuant to options granted to other
officers and executives of the Company of comparable seniority.

            (c) Except as otherwise provided in this Agreement (including
without limitation Section 5.2(a)), (i) the Option, to the extent that it has
not become exercisable (and does not otherwise become exercisable) at the time
the Executive's employment terminates, shall never become exercisable and shall
be forfeited upon such termination, and (ii) the term of the Option (subject to
early expiration, termination or forfeiture) shall be 10 years.

            (d) The Option shall be subject to such other terms and conditions
(including without limitation provisions relating to method of exercise and
payment, vesting, withholding, limited periods after termination of employment
within which the Option may be exercised, nontransferability and rights of
repurchase and first refusal) as may be determined by the Board of Directors (or
comparable governing body) of the entity granting the Option, which shall be
comparable to the provisions of options granted to other officers and executives
of the Company of comparable seniority.

            3.5 Expenses. The Company shall pay or reimburse the Executive for
all ordinary and reasonable out-of-pocket expenses actually incurred (and, in
the case of reimbursement, paid) by the Executive during the Term in the
performance of the Executive's services under this Agreement; provided that the
reimbursement requests are in compliance with expense reimbursement policies
adopted from time to time by the Board.

      4. Termination upon Death or Disability. If the Executive dies during the
Term, the Term shall terminate as of the date of death, and the obligations of
the Company to or with respect to the Executive shall terminate in their
entirety upon such date except as otherwise provided under this Section 4. If
the Executive by virtue of ill health or other disability is unable (including
with reasonable accommodation) to perform substantially and continuously the
duties assigned to him for more than 180 consecutive or non-consecutive days out
of any consecutive 12-month period, the Company shall have the right, to the
extent permitted by law, to terminate the employment of the Executive upon
notice in writing to the Executive. Upon termination of employment due to death
or disability, in addition to any insurance benefits that may be payable, (i)
the Executive (or the Executive's estate or beneficiaries in the case of the
death of the Executive) shall be entitled to receive any Annual Salary and other
benefits earned and accrued under this Agreement prior to the date of
termination (and reimbursement under this Agreement for expenses incurred prior
to the date of termination), (ii) in the case of disability, the outstanding,
unvested options that are due to vest in that calendar year shall vest and
become immediately exercisable, and (iii) the Executive (or, in the case of his
death, his estate and beneficiaries) shall have no further rights to any other
compensation or benefits hereunder on or after the termination of employment, or
any other rights hereunder.

      5. Certain Terminations of Employment.

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            5.1   Termination for Cause; Voluntary Termination of Employment by
                  the Executive

            (a)   For purposes of this Agreement, "Cause" shall mean the
                  Executive's:

            (i)   commission of a felony, or commission of any other crime that
                  involves dishonesty or breach of trust,

            (ii)  violation involving dishonesty, breach of trust or bad faith
                  of any statute, regulation or rule in the areas of commodities
                  or securities regulation that results in sanctions against the
                  Executive or the Company;

            (iii) deliberate misconduct, willful dereliction of duty, fraud,
                  misappropriation or embezzlement;

            (iv)  failure to devote substantially all of his business time and
                  efforts to the Company and failure to cure such breach within
                  ten business days following the Executive's receipt of written
                  notice from the Company specifying such breach;

            (v)   material breach of any of the provisions of Section 6; or

            (vi)  breach in any material respect of the terms and provisions of
                  this Agreement and failure to cure such breach within ten
                  business days following the Executive's receipt of written
                  notice from the Company specifying such breach;

      provided, that any termination pursuant to clauses (iv) through (vi) above
      must be by written notice given to the Executive not more than 90 days
      following (x) the occurrence of any of the events described in clauses
      (iv) through (vi) above or (y) if later and arising out of the Executive's
      bad faith, willful misconduct or dishonesty, the Board's knowledge
      thereof.

            (b) The Company may terminate the Executive's employment hereunder
for Cause at any time.

            (c) The Executive may terminate his employment, for Good Reason or
otherwise, on at least 30 days' and not more than 60 days' written notice given
to the Company. For purposes of this Agreement, "Good Reason" shall mean:

                  (i) relocation by the Company of the Executive's principal
                  place of employment by more than 50 miles; or

                  (ii) a material breach by the Company of the terms of this
                  Agreement and failure to cure such breach within ten business
                  days following the Company's receipt of written notice from
                  the Executive specifying such breach.

            (d) If the Company terminates the Executive for Cause, or upon any
other termination not covered by Section 4 or Section 5.2 (including voluntary
termination by the Executive other than for Good Reason), (i) the Executive
shall be entitled to receive Annual Salary and other benefits (but, in all
events, and without increasing the Executive's rights under any other provision
hereof, excluding any bonuses not yet paid) earned and accrued under this
Agreement prior to the termination of employment (and reimbursement under this
Agreement for expenses incurred prior to the termination of employment); and
(ii) the Executive shall have no further rights to any other compensation or
benefits hereunder on or after the termination of employment, or any other
rights hereunder.

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            5.2   Termination by the Company without Cause; Termination by the
                  Executive for Good Reason.

            (a) The Company may terminate the Executive's employment at any time
for any reason or no reason. If the Company terminates the Executive's
employment (including by giving notice of non-renewal of the Term pursuant to
Section 1) other than for Cause, or if the Executive terminates his employment
for Good Reason in accordance with Section 5.1(c), and in either such case the
termination is not covered by Section 4, (i) the Executive shall receive Annual
Salary and other benefits earned and accrued under this Agreement prior to the
termination of employment (and reimbursement under this Agreement for expenses
incurred prior to the termination of employment); (ii) the Executive shall
receive (A) a cash payment equal to 200% of the sum of (x) the Executive's
Annual Salary and (y) the Executive's minimum Annual Bonus and of this cash
payment, one-third will be payable within five business days after the date of
termination; one-third will be payable in equal bi-weekly installments through
the applicable Restricted Period; and one-third will be payable within five
business days following the end of the applicable Restricted Period; (B) if the
termination occurs prior to December 31, 2003 and at a time when no Option
described in Section 3.4 has been granted, a prorated amount of the bonus
described in Section 3.2(b) (such proration to be based on a fraction, the
numerator of which shall be the number of months elapsed from July 1, 2000
through the date of termination and the denominator of which shall be 41 (the
number of months from July 1, 2000 through December 2003)); and (C) for a period
equal to the shortest of (i) twelve months after termination of employment, (ii)
until the Executive commences full-time employment and then or subsequently
receives health insurance benefits or (iii) until 90 days after the Executive
commences full-time employment, such continuing coverage under the group health
plans as the Executive would have received under this Agreement (and at such
costs to the Executive) as would have applied in the absence of such
termination; (iii) all outstanding unvested options held by the Executive shall
vest and become immediately exercisable, and the Executive shall become fully
vested in any pension or other deferred compensation other than pension or
deferred compensation under a plan intended to be qualified under Section 401(a)
or 403(a) of the Internal Revenue Code of 1986, as amended; and (iv) the
Executive shall have no further rights to any other compensation or benefits
hereunder on or after the termination of employment, or any other rights
hereunder.

            (b) Nothing herein shall restrict the ability of the Company to
amend or terminate the plans and programs referred to in Section 5.2(a)(ii)(C)
from time to time in its sole discretion, and the Company shall in no event be
required to provide any benefits otherwise required by such clause 5.2(a)(ii)(C)
after such time as the Executive becomes entitled to receive benefits of the
same type from another employer or recipient of the Executive's services (such
entitlement being determined without regard to any individual waivers or other
similar arrangements). The Executive's right to the payments and other benefits
described in this Section 5.2 is conditioned on his continued compliance with
the provisions of Section 6, whether or not those provisions otherwise are
enforceable.

            5.3 Right to Payments Unaffected by Subsequent Employment. Except as
otherwise expressly provided in this Agreement (including in Section
5.2(a)(ii)(C)) the Executive's rights to the payments and other benefits
described in Section 5.2 shall not be affected by the commencement of other
employment or by any delay or failure in seeking other employment.

      6.    Covenants of the Executive.

            6.1 Covenant Against Competition; Other Covenants. The Executive
acknowledges that (i) the principal business of the Company (which expressly
includes for purposes of this Section 6, its successors and assigns, any holding
or parent company and the direct and indirect subsidiaries of the Company, its
successors and assigns and any such holding or parent company) is the operation
of a

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commodities exchange for the trading of futures and options contracts, risk
management or other derivative instruments on commodities in the energy and
metals sectors (such business, together with the trading of any other futures or
options contracts that may in the future, during the pendency of executive's
employment, be listed by the Company or any entity that is then an affiliate of
the Company, herein being collectively referred to as the "Business"); (ii) the
Company is one of the limited number of entities that have developed such a
business; (iii) the Company's Business is, in part, national in scope; (iv) the
Executive's work for the Company has given and will continue to give him access
to certain confidential, proprietary information of the Company; (v) the
covenants and agreements of the Executive contained in this Section 6 are
essential to the business and goodwill of the Company; and (vi) the Company
would not have entered into this Agreement but for the covenants and agreements
set forth in this Section 6. Accordingly, the Executive covenants and agrees
that:

            (a) By and in consideration of the salary and benefits to be
provided by the Company hereunder, including the severance arrangements set
forth herein, and further in consideration of the Executive's exposure to the
proprietary information of the Company, the Executive covenants and agrees that,
during the applicable Restricted Period (as hereinafter defined), he shall not
in the continental United States, directly or indirectly, (i) engage in any
material element of the Business, (ii) render any services to any person,
corporation, partnership or other entity (other than the Company or its
affiliates) engaged in any material element of the Business, or (iii) become
interested in any such person, corporation, partnership or other entity (other
than the Company or its affiliates) as a partner, shareholder, principal, agent,
employee, consultant or in any other relationship or capacity; provided,
however, that, notwithstanding the foregoing, the Executive may invest in
securities of any entity, solely for investment purposes and without
participating directly in the business thereof, if (A) such securities are
traded on any national securities exchange or the National Association of
Securities Dealers, Inc. Automated Quotation System, (B) the Executive is not a
controlling person of, or a member of a group which controls, such entity and
(C) the Executive does not, directly or indirectly, own 1% or more of any class
of securities of such entity. As used in this Agreement, the "Restricted Period"
means the period beginning on the date of this Agreement and ending (x) if the
Executive's employment is terminated by the Company for Cause, six months after
the date of termination; (y) if the Executive's employment is terminated
voluntarily by him other than for Good Reason, nine months after the date of
termination; provided, however, starting July 1, 2002 and thereafter through the
term of the Agreement, if the Executive's employment is terminated voluntarily
by him, and not for Good Reason, three months after the date of termination; and
(z) if the Executive's employment is terminated by the Company without Cause, or
by the Executive for Good Reason, one year after the date of termination.

            (b) From the date hereof and for a period of two years after the
termination of the Executive's employment with the Company, the Executive shall
keep secret and retain in strictest confidence, and shall not use for his
benefit or the benefit of others, except in connection with the business and
affairs of the Company and its affiliates, all confidential matters relating to
the Company's Business and the business of any of its affiliates and to the
Company and any of its affiliates, learned by the Executive heretofore or
hereafter directly or indirectly from the Company or any of its affiliates (the
"Confidential Company Information"), and shall not disclose such Confidential
Company Information to anyone outside of the Company except with the Company's
express written consent and except for Confidential Company Information which is
at the time of receipt or thereafter becomes publicly known through no wrongful
act of the Executive or is received from a third party not under an obligation
to keep such information confidential and without breach of this Agreement.

            (c) From the date hereof and for a period of one year after the
termination of the Executive's employment with the Company, the Executive shall
not, without the Company's prior written consent, directly or indirectly, (i)
solicit or encourage to leave the employment or other service of the Company, or
any of its affiliates, any employee or independent contractor thereof or (ii)
hire (on behalf of

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the Executive or any other person or entity) any employee or independent
contractor who has left the employment or other service of the Company or any of
its affiliates within the one-year period which follows the termination of such
employee's or independent contractor's employment or other service with the
Company and its affiliates. From the date hereof and for a period of one year
after the termination of the Executive's employment with the Company, the
Executive will not, whether for his own account or for the account of any other
person, firm, corporation or other business organization, intentionally
interfere with the Company's or any of its affiliates' relationship with, or
endeavor to entice away from the Company or any of its affiliates, any person
who during the Term is or was a customer or client of the Company or any of its
affiliates. During the Restricted Period, the Executive shall not publish any
statement or make any statement under circumstances reasonably likely to become
public that is critical of the Company or any of its affiliates, or in any way
adversely affecting or otherwise maligning the Business or reputation of the
Company or any of its affiliates.

            (d) All memoranda, notes, lists, records, property and any other
tangible product and documents (and all copies thereof), whether visually
perceptible, machine-readable or otherwise, made, produced or compiled by the
Executive or made available to the Executive concerning the business of the
Company or its affiliates, (i) shall at all times be the property of the Company
(and, as applicable, any affiliates) and shall be delivered to the Company at
any time upon its request, and (ii) upon the Executive's termination of
employment, shall be immediately returned to the Company.

            6.2   Rights and Remedies upon Breach.

                  The Executive acknowledges and agrees that any breach by him
of any of the provisions of Section 6.1 (the "Restrictive Covenants") would
result in irreparable injury and harm for which money damages would not provide
an adequate remedy. Therefore, if the Executive breaches, or threatens to commit
a breach of, any of the provisions of Section 6.1, the Company and its
affiliates shall have the following rights and remedies, each of which rights
and remedies shall be independent of the others and severally enforceable, and
all of which rights and remedies shall be in addition to, and not in lieu of,
any other rights and remedies available to the Company and its affiliates under
law or in equity (including, without limitation, the recovery of damages):

            (i) The right and remedy to have the Restrictive Covenants
            specifically enforced (without the need to prove damages) by any
            court having equity jurisdiction, including, without limitation, the
            right to an entry against the Executive of restraining orders and
            injunctions (preliminary, mandatory, temporary and permanent)
            against violations, threatened or actual, and whether or not then
            continuing, of such covenants; and

            (ii) The right and remedy to require the Executive to account for
            and pay over to the Company and its affiliates all compensation,
            profits, monies, accruals, increments or other benefits
            (collectively, "Benefits") derived or received by him as the
            proximate result of any actions constituting a breach of the
            Restrictive Covenants, and the Executive shall account for and pay
            over such Benefits to the Company and, if applicable, its affected
            affiliates.

            The Executive agrees that in any action seeking specific performance
or other equitable relief, he will not assert or contend that any of the
provisions of this Section 6 are unreasonable or otherwise unenforceable. The
existence of any claim or cause of action by the Executive, whether predicated
on this Agreement or otherwise, shall not limit the Company's right to enforce
the Restrictive Covenants.

      7.    Other Provisions.

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            7.1 Severability. The Executive acknowledges and agrees that (i) he
has had an opportunity to seek advice of counsel in connection with this
Agreement and (ii) the Restrictive Covenants are reasonable in geographical and
temporal scope and in all other respects. If it is determined that any of the
provisions of this Agreement, including, without limitation, any of the
Restrictive Covenants, or any part thereof, is invalid or unenforceable, the
remainder of the provisions of this Agreement shall not thereby be affected and
shall be given full effect, without regard to the invalid portions.

            7.2 Duration and Scope of Covenants. If any court or other
decision-maker of competent jurisdiction determines that any of the Executive's
covenants contained in this Agreement, including, without limitation, any of the
Restrictive Covenants, or any part thereof, is unenforceable because of the
duration or geographical scope of such provision, then, after such determination
has become final and unappealable, the duration or scope of such provision, as
the case may be, shall be reduced so that such provision becomes enforceable
and, in its reduced form, such provision shall then be enforceable and shall be
enforced.

            7.3 Enforceability; Jurisdiction. The Company and the Executive
intend to and hereby confer jurisdiction to enforce the Restrictive Covenants
set forth in Section 6 any Federal or State court sitting in the State of New
York. The parties hereby agree to waive any right to a trial by jury for any and
all disputes hereunder (whether or not relating to the Restricted Covenants).

            7.4 Notices. Any notice or other communication required or permitted
hereunder shall be in writing and shall be delivered personally, or sent by
certified, registered or express mail, postage prepaid. Any such notice shall be
deemed given when so delivered personally or, if mailed, five days after the
date of deposit in the United States mails as follows:

            (i)   If to the Company, to:

                  New York Mercantile Exchange
                  One North End Avenue
                  New York, New York 10282
                  Attention:  General Counsel

            (ii)  If to the Executive, to him at:

                  63 Glenview Road
                  South Orange, New Jersey 07079

Any such person may by notice given in accordance with this Section 7.4 to the
other parties hereto designate another address or person for receipt by such
person of notices hereunder.

            7.5 Entire Agreement. This Agreement contains the entire agreement
between the parties with respect to the subject matter hereof and supersedes all
prior agreements, written or oral, with respect thereto.

            7.6 Waivers and Amendments. This Agreement may be amended,
superseded, canceled, renewed or extended, and the terms hereof may be waived,
only by a written instrument signed by the parties or, in the case of a waiver,
by the party waiving compliance. No delay on the part of any party in exercising
any right, power or privilege hereunder shall operate as a waiver thereof, nor
shall any waiver on the part of any party of any such right, power or privilege
nor any single or partial exercise of

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any such right, power or privilege, preclude any other or further exercise
thereof or the exercise of any other such right, power or privilege.

            7.7 GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO
PRINCIPLES OF CONFLICTS OF LAW.

            7.8 Assignment. This Agreement, and the Executive's rights and
obligations hereunder, may not be assigned by the Executive; any purported
assignment by the Executive in violation hereof shall be null and void. In the
event of any sale, transfer or other disposition of all or substantially all of
the Company's assets or business, whether by merger, consolidation or otherwise,
the Company may assign this Agreement and its rights hereunder.

            7.9 Withholding. The Company shall be entitled to withhold from any
payments or deemed payments any amount of tax withholding it determines to be
required by law.

            7.10 Binding Effect. This Agreement shall be binding upon and inure
to the benefit of the parties and their respective successors, permitted
assigns, heirs, executors and legal representatives.

            7.11 Counterparts. This Agreement may be executed by the parties
hereto in separate counterparts, each of which when so executed and delivered
shall be an original but all such counterparts together shall constitute one and
the same instrument. Each counterpart may consist of two copies hereof, each
signed by one of the parties hereto.

            7.12 Survival. Anything contained in this Agreement to the contrary
notwithstanding, the provisions of Sections 6, 7.3 and 7.9, and the other
provisions of this Section 7 (to the extent necessary to effectuate the survival
of Sections 6, 7.3 and 7.9), shall survive termination of this Agreement and any
termination of the Executive's employment hereunder.

            7.13 Existing Agreements. The Executive represents to the Company
that he is not subject or a party to any employment or consulting agreement,
non-competition covenant or other agreement, covenant or understanding which
might prohibit him from executing this Agreement or limit his ability to fulfill
his responsibilities hereunder.

            7.14 Headings. The headings in this Agreement are for reference only
and shall not affect the interpretation of this Agreement.

            7.15 Parachutes. If all, or any portion, of the payments provided
under this Agreement, either alone or together with other payments and benefits
which the Executive receives or is entitled to receive from the Company or an
affiliate, would constitute an excess "parachute payment" within the meaning of
Section 280G of the Internal Revenue Code of 1986, as amended (the "Code"), the
payments and benefits provided under this Agreement shall be reduced to the
extent necessary so that no portion thereof shall fail to be tax-deductible
under Section 280G of the Code

            7.16 Costs of Litigation. In any legal proceeding brought for
enforcement or interpretation of this Agreement, each party shall bear its own
costs and expenses, including legal fees and expenses incurred in the
proceeding, and the costs of investigation and preparation.

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IN WITNESS WHEREOF, the parties hereto have signed their names as of the day and
year first above written.

                                          NEW YORK MERCANTILE EXCHANGE

                                          By:   /s/ Daniel Rappaport
                                                -------------------------------
                                                Daniel Rappaport
                                                Chairman

                                          EXECUTIVE

                                          /s/ Neal L. Wolkoff
                                          -------------------------------------
                                          Neal L. Wolkoff

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                            FIRST AMENDMENT TO LEASE

      THIS FIRST AMENDMENT TO LEASE (this "Amendment") is made and entered into
as of September 24, 1998, by and between OTR, an Ohio general partnership acting
on behalf of the State Teachers Retirement System ("Landlord"), and FINANCIAL
INSIGHT SYSTEMS, INC., a Maryland corporation ("Tenant").

                                    RECITALS

      A. 11200 RP Associates, LLP., Landlord's predecessor-in-interest, and
Tenant have previously entered into an Office Building Lease dated July 1, 1998
(the "Lease"), with respect to premises containing approximately 10,414 rentable
square feet (the "Original Premises") located in a building having a street
address of 11200 Rockville Pike, Rockville, Maryland 20852 (the "Building").

      B. Pursuant to the terms of Section 4.11 of the Lease, Tenant had the
conditional right to lease approximately 3,780 rentable square feet of area
located on the third (3rd) floor of the Building, which area is more
particularly depicted on Exhibit A which is attached to and made a part hereof
(the "Expansion Premises").

      C. Tenant has exercised its right to lease the Expansion Premises.

      NOW, THEREFORE, in consideration of the sum of Ten and 00/100 Dollars
($10.00), and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged by Landlord and Tenant, Landlord and Tenant
covenant and agree as follows:

      1. Lease of Expansion premises. Subject to the terms of this Amendment,
Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, the
Expansion Premises. Notwithstanding anything herein to the contrary, Landlord
shall have no obligation to make any alterations or improvements to the
Expansion Premises in Connection with Tenant's initial occupancy of the
Expansion Premises.

      2. Term. The term of the Lease with respect to the Expansion Premises
shall commence on the date that Landlord tenders possession of the Expansion
Premises to Tenant (the "Expansion Premises Commencement Date") and shall be
coterminous with the term of the Lease with respect to the Original Premises. As
of the date of this Amendment, it is anticipated that the existing occupant of
the Expansion Premises will vacate the Expansion Premises on or about January 1,
1999. Tenant acknowledges that the Expansion Premises (or a portion thereof) is
occupied by an existing tenant (the "Existing Tenant"). In the event the
Existing Tenant has not vacated the Expansion Premises by February 1, 1999,
then, upon reasonable prior written notice from Tenant to Landlord, Landlord
shall use commercially reasonable efforts to cause the Existing Tenant to vacate
the Expansion Premises.

      3. Construction. Tenant shall perform or cause the performance of
alterations in and to the Expansion Premises ("Tenant's Expansion Alteration")
to prepare the same for Tenant's
<PAGE>   2

initial occupancy thereof. Such occupancy shall be deemed to be under all the
terms, covenants, conditions and provisions of the Lease, except that Tenant
shall not be obligated to pay the "Expansion Premises Base Rent" (as defined
below) until such amount is due and payable in accordance with the provisions of
Section 5 below. Landlord has previously delivered to Tenant's architect
as-built drawings for the Expansion Premises. Tenant shall submit to Landlord,
for Landlord's written approval, an initial space plan and complete and detailed
architectural, mechanical, electrical and plumbing working drawings, which plans
and drawings shall be prepared by Tenant, at Tenant's own cost and expense,
subject to the provisions of Section 4 hereof, in a timely manner so as to
enable Tenant to obtain a building permit for Tenant s Expansion Alteration.
Landlord shall respond to Tenant's request for approval of Tenant's plans and
drawings with respect to Tenant's Expansion Alteration within seven (7) business
days after Landlord's receipt of same, which approval shall not be unreasonably
withheld or conditioned. The plans and drawings, as approved in writing by
Landlord, are hereinafter collectively referred to as the "Final Expansion
Plans" and shall be deemed an authorization by Landlord for Tenant to proceed
with Tenant's Expansion Alteration, which shall be performed by licensed,
bondable contractors approved by Landlord (such approval not to be unreasonably
conditioned, withheld or delayed) and otherwise in accordance with the
provisions of the Lease. Landlord's approval of Tenant's Final Expansion Plans
shall not be deemed to create any liability on the part of Landlord with respect
to the design or specifications set forth therein or be deemed an acknowledgment
by Landlord that Tenant's architectural drawings are in compliance with all
applicable laws, rules and regulations relating thereto.

      4. Construction Allowance.

            (a) Landlord shall provide Tenant with a construction allowance in
an amount equal to the product of (such product shall hereinafter be referred to
as the "Landlord's Expansion Contribution") (i) Fifty-Six Thousand Seven Hundred
and No/l00 Dollars ($56,700.00), multiplied times (ii) a fraction, the numerator
of which shall be the number of months which will remain in the initial term of
the Lease as of the "Expansion Premises Rent Commencement Date" (as hereinafter
defined), and the denominator of which shall be eighty-four (84).
Notwithstanding anything herein to the contrary, subject to the provisions of
Section 4(c) below, after the Landlord's Expansion Contribution has been fully
exhausted, Tenant shall pay all costs of performing the Tenant's Expansion
Alteration that are in excess of the Landlord Expansion Contribution.

            (b) To the extent that any portion of the Landlord's Expansion
Contribution is being utilized by Tenant in accordance with the terms of this
Amendment, Landlord shall disburse the applicable portion of the Landlord's
Expansion Contribution to Tenant within thirty (30) days after Landlord has
received (i) releases of lien from all contractors and materialmen who have
supplied labor or material for such items (collectively the "Lien Waivers"), and
(ii) paid invoices indicating that Tenant has actually paid to materialmen and
contractors who have supplied materials or labor for such items an amount which
is at least equal to or in excess of the amount for which Tenant is seeking
reimbursement. Despite the foregoing, in the event that

                                        2
<PAGE>   3

Tenant requests that Landlord pay any portion of the Landlord's Expansion
Contribution to the contractors or materialmen who performed such work or
provided such materials, then, provided such work or material has been installed
in the Original Premises or the Expansion Premises and Tenant has delivered to
Landlord the Lien Waivers from the contractors or materialmen who have performed
such work or supplied such materials, Landlord shall pay the applicable portion
of the Landlord's Expansion Contribution to the contractors or materialmen, as
applicable.

            (c) Tenant shall not be required to pay a construction
administration or supervisory fee to Landlord in connection with Tenant's
Expansion Alteration.

            (d) Notwithstanding anything in the Lease or in this Amendment to
the contrary, Tenant shall have the right to: (i) apply all or any portion of
the Landlord's Expansion Contribution towards making improvements to the
Expansion Premises, including special installations, finishes, telephone and
computer wiring, architectural fees and design fees, mechanical, electrical,
plumbing and structural engineering fees, reproduction costs, costs of permits
and inspections, and/or towards the items listed in the second sentence of
Section 2.0 1(A) of the Lease (i.e., the Landlord's Expansion Contribution may
be applied towards the cost of building out the Original Premises and/or towards
the cost of building out the Expansion Premises); and (ii) apply all or any
portion of the "Tenant Improvement Allowance" [as defined in Section 2.01(A) of
the Lease] towards the cost of Tenant's Expansion Alteration.

      5. Base Rent. In addition to the Base Rent payable by Tenant with respect
to the Original Premises, Tenant shall pay to Landlord, as Additional Rent, Base
Rent with respect to the Expansion Premises (the "Expansion Premises Base Rent")
as follows:

<TABLE>
<CAPTION>
                        Expansion Premises      Expansion Premises    Base Rent
    Period               Annual Base Rent        Monthly Base Rent    Per Sq. Ft.
    ------               ----------------        -----------------    -----------
<S>                        <C>                      <C>                <C>
Expansion Premises
Rent Commencement
Date - "Rent Year" (as
defined in the Lease) 1          --                $ 8,190.00          $26.00
Rent Year 2                $101,228.40              $8,435.70          $26.78
Rent Year 3                $104,252.40              $8,687.70          $27.58
Rent Year 4                $107,389.80              $8,949.15          $28.41
Rent Year 5                $110,602.80              $9,216.90          $29.26
Rent Year 6                $113,929.20              $9,494.10          $30.14
Rent Year 7                $117,369.00              $9,780.75          $31.05
</TABLE>

The first monthly installment of Expansion Premises Base Rent shall be due and
payable upon execution of this Amendment. The second installment shall be due
and payable on the first (1st) day of the first (1st) calendar month that occurs
after the Expansion Premises Rent Commencement Date and each subsequent monthly
installment shall be due and payable on the

                                        3
<PAGE>   4

first day of each calendar month of the term thereafter. Except as otherwise
provided herein, all installments of Expansion Premises Base Rent shall be
payable in accordance with the terms of the Lease governing the payment of Base
Rent. In the event the Expansion Premises Rent Commencement Date is not the
first day of a month, or the expiration date is not the last day of a month, the
amounts payable by Tenant under this Section 5 shall be appropriately prorated
for the month in which the Expansion Premises Rent Commencement Date occurs, or
for the month in which the Lease expires, as applicable. As used herein,
"Expansion Premises Rent Commencement Date" shall mean the date that is sixty
(60) days after the date that Landlord tenders possession of the Expansion
Premises; provided, however, if Landlord does not provide Tenant with at least
fifteen (15) days prior notice of the date Landlord shall tender the Expansion
Premises to Tenant, such sixty (60) day period shall be extended on a
day-for-day basis [not to exceed fifteen (15) days in the aggregate] for each
day that Landlord fails to provide such fifteen (15) day prior notice. Upon
Landlord's request, Tenant shall execute a certificate or other written document
which establishes the Expansion Premises Rent Commencement Date.

      6. Operating Payment. From and after the Expansion Premises Rent
Commencement Date and continuing throughout the balance of the Term, Tenant's
"Pro-Rata Share" (as defined in the Lease) shall be increased to 7.79%.

      7. Expansion Premises. From and after the date of this Amendment, Section
4.11 of the Lease shall be deleted in its entirety and be of no further force or
effect.

      8. Premises.

            (a) From and after the Expansion Premises Commencement Date, Section
1.01(K) of the Lease shall be deleted in its entirety and shall be replaced
with:

                  (K) "Premises" shall mean (i) that space shown hatched on the
            floor plan annexed hereto as Exhibit A, known as Suite 220, located
            on the third (3rd) floor of the Office Building, containing
            approximately 10,414 rentable square feet, and (ii) that space shown
            hatched on Exhibit A hereto, known as Suite 330, located on the
            third (3rd) floor of the Office Building, containing approximately
            3,780 rentable square feet.

            (b) From and after the Expansion Premises Commencement Date, Exhibit
A is hereby deleted from the Lease and is hereby replaced with Exhibit A which
is attached to and made a part of this Amendment.

            (c) From and after the Expansion Premises Commencement Date, except
where the context plainly requires otherwise, the term "Premises" shall mean the
Original Premises and the Expansion Premises, and all references in the Lease
to the term "Premises" shall mean the Original Premises and the Expansion
Premises.

                                        4
<PAGE>   5

      10. Parking.

            (a) Parking Rights. In addition to Tenant's parking allotment as
provided for in the Original Lease and the First Amendment, Landlord shall
require that any garage operator shall offer to Tenant ten (10) monthly parking
contracts to park an automobile (collectively, the "Expansion Premises Parking
Rights") in the parking garage under the Building (the "Parking Facilities").
The Expansion Premises Parking Rights shall (i) be unassigned, and (ii) be on a
self-park or attendant parking basis (or a combination thereof), as determined
by the garage operator.

            (b) Parking Fees. The monthly parking rate for the Expansion
Premises Parking Rights shall be the same rate that is charged to Tenant for
"Parking Rights" (as defined in the Lease) under the Lease. Except as otherwise
provided in the Lease or in this Amendment, contracts for the Expansion Premises
Parking Rights shall be with the garage operator and shall contain the same
terms as are usually contained in contracts with other similar office customers
of the garage operator.

      11. Brokers. Landlord and Tenant each represents and warrants to the other
that, except for the Meridian Management and The Fred Ezra Company ("Ezra"), it
has not employed any broker in connection with this Amendment. Landlord and
Tenant shall each indemnify and hold harmless the other from and against any
claims for brokerage or other commission arising by reason of a breach by the
indemnifying party of the aforesaid representation and warranty. Landlord shall
pay Ezra a commission, which commission shall be payable in accordance with a
separate written agreement between Landlord and Ezra.

      12. Governing Document. Except as otherwise amended by this Amendment, the
Lease shall remain in full force and effect. In the event of any conflict
between the terms and conditions of the Lease, and the terms and conditions of
this Amendment, the terms and conditions of this Amendment shall govern and
control.

      13. Incorporation of Recitals. The Recitals set forth herein are
incorporated in and made a part of this Amendment.

      14. Counterparts. This Amendment may be executed in two (2) or more
counterpart copies, all of which counterparts shall have the same force and
effect as if all parties hereto had executed a single copy of this Amendment.

                                        5
<PAGE>   6

      IN WITNESS WHEREOF, the parties have executed this Amendment as of the
date first set forth above.

ATTEST/WITNESS:                   LANDLORD:
                                  OTR, an Ohio general partnership acting
                                  on behalf of the State Teachers Retirement
                                  System

                                  By: /s/ Matthew I. Vulanich
                                      ------------------------------------------
                                  Name: Matthew I. Vulanich
                                  Title: Director, Eastern Region - Real Estate

ATTEST/WITNESS:                   TENANT
                                  FINANCIAL INSIGHT SYSTEMS, INC.,
                                  a Maryland corporation

                                  By: [ILLEGIBLE]
                                      ------------------------------------------
                                  Name: [ILLEGIBLE]
                                  Title: [ILLEGIBLE]
                                  Date: 10/5/98

                                        6
<PAGE>   7

                                    EXHIBIT A
                                   [Recital B]

            Sketch Depicting Original Premises and Expansion Premises

                                        7
<PAGE>   8

                                                                     [EXECUTION]
                                                                        1000/213

--------------------------------------------------------------------------------

                              OFFICE BUILDING LEASE

                                     Between

                       11200 RP ASSOCIATES L.P., Landlord

                                       And

                     FINANCIAL INSIGHT SYSTEMS, INC., Tenant

                                    Premises:

                                    Suite 310
                              11200 Rockville Pike
                            Rockville, Maryland 20852

--------------------------------------------------------------------------------

COPYRIGHTED MATERIAL; ALL RIGHTS RESERVED.
1991, CITICORP REAL ESTATE, INC.

<PAGE>   9

                                TABLE OF CONTENTS

                                                                           Page

Index of Defined Terms .....................................................iii

                                    ARTICLE 1
                    Definitions, Demise, Premises, Term, Rent

Section 1.01  Definitions....................................................1
Section 1.02  Demise Date....................................................2
Section 1.03  Commencement Date..............................................2
Section 1.04  Base Rent......................................................3
Section 1.05  Additional Rent................................................3
Section 1.06  Intentionally Deleted..........................................3
Section 1.07  Temporary Space................................................3
Section 1.08  Intentionally Deleted..........................................3

                                 ARTICLE 2
                         Alterations and Additions

Section 2.01  Landlord's Work................................................4
Section 2.02  Intentionally Deleted..........................................6
Section 2.03  Alterations....................................................6

                                 ARTICLE 3
                            Operating Expenses

Section 3.01  Base Year Stop.................................................6
Section 3.02  Estimates and Payments.........................................7
Section 3.03  Operating Expenses Defined.....................................7
Section 3.04  Pro Rata Share.................................................8

                                 ARTICLE 4
                       Tenant's Covenants and Rights

Section 4.01  Parking........................................................9
Section 4.02  Assignment and Subletting......................................9
Section 4.03  Care of Premises...............................................14
Section 4.04  Compliance with Law............................................14
Section 4.05  Tenant's Insurance.............................................15
Section 4.06  Tenant's Indemnification.......................................16
Section 4.07  Utilities......................................................16
Section 4.08  Security Deposit...............................................17
Section 4.09  Signs..........................................................18
Section 4.10  Tenant's Option to Extend......................................18
Section 4.11  Expansion Premises.............................................19
Section 4.12  Satellite Antenna..............................................21

                                 ARTICLE 5
                      Landlord's Covenants and Rights

Section 5.01  Quiet Enjoyment and Subordination..............................22
Section 5.02  Landlord's Services............................................23
Section 5.03  Alterations and Entry by Landlord..............................25
Section 5.04  Landlord's Right to Cure.......................................25
Section 5.05  Abatement Condition............................................25
Section 5.06  Landlord's Insurance...........................................26
Section 5.07  Landlord's Indemnification.....................................26

                                        i
<PAGE>   10

                                 ARTICLE 6
                         Eminent Domain, Casualty

Section 6.01  Eminent Domain.................................................27
Section 6.02  Damage by Fire or Other Casualty...............................27
Section 6.03  Subrogation....................................................28

                                 ARTICLE 7
                        Events of Default, Remedies

Section 7.01  Events of Default..............................................28
Section 7.02  Remedies upon Default..........................................29
Section 7.03  Cure by CMSFS..................................................31

                                 ARTICLE 8
                         Miscellaneous Provisions

Section 8.01  [Intentionally Deleted]........................................32
Section 8.02  Late Charges...................................................32
Section 8.03  Holding Over...................................................32
Section 8.04  Notices........................................................32
Section 8.05  Authority of Tenant............................................32
Section 8.06  Financial Statements...........................................33
Section 8.07  Brokerage......................................................33
Section 8.08  Definition of Landlord.........................................33
Section 8.09  Entire Agreement...............................................33
Section 8.10  Force Majeure..................................................34
Section 8.11  No Setoff......................................................34
Section 8.12  Interpretation.................................................34
Section 8.13  Enlarging the Office Building..................................34
Section 8.14  Limitation of Landlord Liability...............................35
Section 8.15  Short Form Lease...............................................35
Section 8.16  [Intentionally Deleted]........................................35
Section 8.17  Estoppel.......................................................35
Section 8.18  No Waiver......................................................35
Section 8.19  No Merger......................................................35
Section 8.20  Attorneys' Fees................................................35
Section 8.21  JURY TRIAL AND COUNTERCLAIM WAIVER.............................36
Section 8.22  Monument Sign..................................................36
Section 8.23  Joinder........................................................36

                                    EXHIBITS

             Exhibit A:     Floor Plan
             Exhibit B:     [Intentionally Deleted]
             Exhibit C:     Tenant Acceptance Letter
             Exhibit D:     Rules and Regulations
             Exhibit E-1:   Temporary Space
             Exhibit E-2:   Intentionally Deleted
             Exhibit F:     Form of Letter of Credit
             Exhibit G:     Expansion Space
             Exhibit H:     Cleaning Specifications
             Exhibit I:     Form of Subordination, Non-Disturbance and
                            Attornment Agreement

                                       ii
<PAGE>   11

                             INDEX OF DEFINED TERMS
TERM                                                                    SECTION
----                                                                    -------

Abatement Condition ....................................................5.05(A)

Abatement Space ........................................................5.05(A)

Acceptance Letter ......................................................1.03(A)

ADA ....................................................................4.04(A)

Additional Rent ...........................................................1.05

Aggregate Gross Rent ................................................7.02(C)(1)

Alterations ...............................................................2.03

Base Expenses .............................................................3.01

Base Operating Year .......................................................3.01

Base Rent ..............................................................1.01(B)

Broker .................................................................1.01(C)

Building ...............................................................1.01(D)

Code ......................................................................7.01

Commencement Date ......................................................1.01(E)

Completion Date ........................................................2.02(B)

Date of Such Taking ...................................................6.0 1(A)

Easement ...............................................................5.01(B)

Elimination Date .......................................................4.02(D)

Elimination Space ......................................................4.02(D)

Event of Default ..........................................................7.01

Excess .................................................................4.02(C)

Expansion Space ...........................................................4.11

Expiration Date ........................................................1.01(F)

Extension Term .........................................................4.10(A)

Final Plans ............................................................2.02(B)

Guarantor .................................................................7.01

Hazardous Materials ....................................................4.04(A)

HVAC Abatement Condition ...............................................5.05(B)

                                       iii
<PAGE>   12

Indemnities ............................................................4.06(A)

Independent Broker .....................................................4.10(B)

Installation Area .........................................................4.12

Landlord .........................................................Preface, 8.08

Landlord's Contribution ................................................2.02(C)

Landlord's Letter ......................................................4.10(B)

Landlord's Maximum Architectural Contribution ..........................2.02(C)

Landlord's Maximum Contribution ........................................2.02(C)

Landlord's Maximum Non-Architectural Contribution ......................2.02(C)

Landlord's Notice .........................................................4.11

Landlord's Notice Address ..............................................1.01(G)

Landlord's Work ...........................................................2.01

Lease ..................................................................Preface

Letter of Credit ..........................................................4.08

Mortgage ...............................................................5.01(B)

Notice ....................................................................8.04

Office Building ........................................................1.01(H)

Operating Expenses ........................................................3.03

Operating Payment .........................................................3.01

Operating Statement .......................................................3.02

Parking Spaces .........................................................1.01(1)

Permitted Uses .........................................................1.01(J)

Premises ...............................................................1.01(K)

Progress Schedule ......................................................2.02(C)

Prior Lease ...............................................................1.06

Pro Rata Share ............................................................3.04

Property ...............................................................1.01(L)

Reletting Costs .....................................................7.02(C)(l)

Rent Commencement Date ...............................................1.01 (LL)

Rent Payment Address ...................................................1.01(M)

                                       iv
<PAGE>   13

Rules and Regulations ..................................................4.04(A)

Satellite Antenna .........................................................4.12

Security Deposit .................................................1.01(N); 4.08

Superior Lease .........................................................5.01(B)

Taxes ..................................................................3.03(A)

Temporary Space ...........................................................1.07

Temporary Space A .........................................................1.07

Temporary Space B .........................................................1.07

Tenant .................................................................Preface

Tenant's Architectural Expenses ........................................2.02(C)

Tenant's Initial Alteration ............................................2.02(B)

Tenant's Letter ........................................................4.10(B)

Tenant's Notice Address ................................................1.01(0)

Term ...................................................................1.01(P)

Threshold ..............................................................2.02 (E)

                                        v
<PAGE>   14

                              OFFICE BUILDING LEASE

                              11200 Rockville Pike

                            Rockville, Maryland 20852

      THIS OFFICE BUILDING LEASE (this "Lease") is made as of the 1st day of
July, 1998, by and between 11200 RP ASSOCIATES L.P. ("Landlord"), a Maryland
limited partnership, having an office c/o The Meridian Group, 11200 Rockville
Pike, Suite 205, Rockville, Maryland 20852 and FINANCIAL INSIGHT SYSTEMS, INC.
("Tenant"), a Maryland corporation, having a principal place of business at
11200 Rockville Pike, Suite 310, Rockville, Maryland 20852.

                              W I T N E S S E T H:

      The parties hereto, for themselves, their heirs, distributees, executors,
administrators, legal representatives, successors and assigns, hereby covenant
and agree as follows:

                                    ARTICLE 1

                    Definitions, Demise, Premises, Term, Rent

Section 1.01 Definitions. The following terms shall have the meanings
hereinafter set forth throughout this Lease.

(A)   [Intentionally Deleted].

(B)   "Base Rent" shall mean the base rent payable by Tenant during the Term, as
      follows:

<TABLE>
<CAPTION>
                                                                    Base Rent
 Rent Year            Annual Base Rent        Monthly Base Rent    Per SQ. Ft.
 ---------            ----------------        -----------------    -----------
<S>                     <C>                      <C>                 <C>
     1                  $270,764.00              $22,563.67          $26.00
     2                  $278,886.92              $23,240.58          $26.78
     3                  $287,253.52              $23,937.80          $27.58
     4                  $295,871.12              $24,655.93          $28.41
     5                  $304,747.25              $25,395.61          $29.26
     6                  $313,889.66              $26,157.48          $30.14
     7                  $323,306.34              $26,942.20          $31.05
</TABLE>

      "Rent Year" shall mean each twelve (12) month period occurring during the
      Term, the first of which shall commence on the Rent Commencement Date, and
      each subsequent Rent Year shall commence on the day immediately following
      the last day of the preceding Rent Year, provided, however, that if the
      Rent Commencement Date shall be deemed to have occurred on a day other
      than the first day of a calendar month (i) Rent Year 1 shall end on the
      last day of the calendar month immediately preceding the month in which
      the twelve (12) month anniversary of the Rent Commencement Date shall
      occur and (ii) Rent Year 7 shall end on the last day of the calendar month
      in which the seventh (7th) anniversary of the Rent Commencement Date shall
      occur.

(C)   "Broker" shall mean, collectively (i) The Carey Winston Company
      ("Landlord's Broker") and (ii) The Fred Ezra Company ("Tenant's Broker").

(D)   "Building" shall mean, collectively, the Office Building (as defined in
      Section 1.01(H) hereof), the Property (as defined in Section 1.01(L)
      hereof), and any other building or improvements now or hereafter
      constructed on the Property.

(E)   "Commencement Date" shall mean the date hereof.

(F)   "Expiration Date" shall mean the last day of Rent Year 7.

<PAGE>   15

(G)   "Landlord's Notice Address" shall mean c/o The Meridian Group, 11200
      Rockville Pike, Suite 205, Rockville, Maryland 2082, Att: Bruce Lane, with
      a copy to Shulman, Rogers, Gandal, Pordy & Ecker, P.A., 11921 Rockville,
      Maryland 20852, Attn: David A. Pordy, Esquire.

(H)   "Office Building" shall mean that certain building and other improvements
      having a street address of 11200 Rockville Pike, Rockville, Maryland
      20852.

(I)   "Parking Spaces" shall mean 2.5 parking spaces in the underground parking
      facility, if any, from time to time associated with the Building for each
      1,000 rentable square feet then contained in the Premises, of which one
      (1) shall be designated as a reserved space and the balance shall be
      non-reserved spaces, subject to the provisions of Section 4.01 hereof.

(J)   "Permitted Uses" shall mean general office use.

(K)   "Premises" shall mean that space shown hatched on the floor plan annexed
      hereto as Exhibit A, known as Suite 310, located on the third (3rd) floor
      of the Office Building, containing approximately 10,414 rentable square
      feet.

(L)   "Property" shall mean that certain real property on which the Office
      Building is situated, located in the City of Rockville, County of
      Montgomery and State of Maryland.

(LL)  "Rent Commencement Date" shall mean the date Landlord delivers possession
      of the Premises to Tenant with the "Landlord's Work" (as defined below)
      "Substantially Completed" (as defined below).

(M)   "Rent Payment Address" shall mean 11200 RP Associates L.P., c/o The
      Meridian Group, 11200 Rockville Pike, Suite 205, Rockville, Maryland
      20852.

(N)   "Security Deposit" shall mean the amount of Three Hundred Eighty Thousand
      and 00/100 Dollars ($380,000.00).

(0)   "Tenant's Notice Address" shall mean 11200 Rockville Pike, Rockville,
      Maryland 20852, Attention: Mr. Albert Girod, with a copy of each Notice to
      Tenant to be sent to (i) Mr. Mark Ezra, The Fred Ezra Company, 4520 East
      West Highway, Suite 650, Bethesda, Maryland 20814, and (ii) Ronald
      Shapiro, Esq., Shapiro, Lifschitz & Schram, 1101 Pennsylvania Avenue,
      N.W., Suite 1050, Washington, D.C. 20004.

(P)   "Term" shall mean the period commencing on the Commencement Date and
      ending on the Expiration Date, including approximately seven (7) years
      from and after the Rent Commencement Date.

Section 1.02 Demise Date. Subject to and upon the terms and conditions set forth
herein, Landlord hereby leases to Tenant and Tenant hereby hires from Landlord
(the Premises located in the Office Building for the period commencing on the
Commencement Date and ending on the Expiration Date. The Premises shall be used
and occupied by Tenant solely for the Permitted Uses, and for no other purpose
without the prior written consent of Landlord, which consent may be withheld for
any or for no reason.

Section 1.03 Commencement Date. If the Commencement Date occurs on a date other
than the first day of a calendar month or if the Term expires or is terminated
on a day other than the last day of a calendar month, Base Rent and any
Additional Rent (as defined in Section 1.05 hereof) payable hereunder shall be
prorated for such partial month on the basis of a thirty (30) day month. Within
ten (10) days after the Commencement Date, Tenant shall execute an acceptance
letter substantially in the form of Exhibit C annexed hereto (the "Acceptance
Letter"), but the failure by Tenant to execute the Acceptance Letter shall not
affect the Commencement Date.

                                       2
<PAGE>   16

Section 1.04 Base Rent. Tenant shall pay Landlord at the Rent Payment Address
set forth in Section 1.01(M) hereof or at such other address as may be
designated by Landlord, monthly, in advance, on the first day of each calendar
month during the Term, monthly installments of Base Rent, without notice or
demand and without any setoff or offset, or, except as specifically set forth in
Section 5.05 or Section 6.01 hereof, any abatement or deduction whatsoever.

Section 1.05 Additional Rent. All sums other than Base Rent payable by Tenant
under this Lease, including, without limitation, late fees, interest, attorneys'
fees, Court costs and other costs incurred in connection with the enforcement of
this Lease as specifically set forth herein, shall be deemed additional rent
("Additional Rent"), regardless of whether any such sum is expressly
characterized as additional rent herein, and shall be payable on demand unless
other payment dates are set forth herein.

Section 1.06 Intentionally Deleted.

Section 1.07 Temporary Space.

(A) Landlord hereby agrees to permit Tenant the right to use and occupy (i) that
portion of the third (3rd) floor of the Building, containing approximately 2,852
rentable square feet arid shown cross-hatched on Exhibit E-1 annexed hereto
("Temporary Space") for a term to commence as of June 1, 1998 and to end and
expire on a date (the "Temporary Space Expiration Date") which shall be the Rent
Commencement Date (the "Temporary Space Term"). Tenant shall use and occupy the
Temporary Space for general and executive offices only and for no other purpose.
Such use and occupancy shall be pursuant to all of the terms, covenants and
conditions of this Lease except as otherwise provided in this Section 1.07. All
furniture or other personalty used by Tenant in the Temporary Space shall be
placed in the Temporary Space in an office-like manner. During the Temporary
Space Term, Tenant shall pay Base Rent in respect of the Temporary Space at the
rate of $5,140.73 per month, and Tenant shall pay Tenant's share of operating
expense escalations in respect of the Temporary Space as though the Temporary
Space were part of the space leased to Tenant under the Lease. The aforesaid
sums shall be prorated for any partial calendar month occurring during the
Temporary Space Term.

(B) Landlord, at Landlord's expense, shall redistribute or furnish electrical
energy to or for the use of Tenant in the Temporary Space for the operation of
the lighting fixtures and the electrical receptacles installed in the Temporary
Space on the commencement of the Temporary Space Term.

(C) Tenant acknowledges that Landlord shall have no obligation to perform any
work or make any installations whatsoever in order to prepare all or any part of
the Temporary Space for occupancy by Tenant. Tenant acknowledges that the
Temporary Space is in good and satisfactory condition.

(D) Anything in this Lease to the contrary notwithstanding, Tenant shall not
sublet the Temporary Space or permit any other entities or individuals to use or
occupy the Temporary Space without Landlord's consent.

(E) From and after the Rent Commencement Date, the Temporary Space shall
constitute a portion of the Premises.

(F) Intentionally Deleted.

(G) A default by Tenant in the performance or observance of any of the terms,
covenants, provisions or conditions contained in this Section 1.07 on the part
of Tenant to be performed or observed, shall be deemed a default by Tenant under
this Lease.

Section 1.08 Intentionally Deleted.

                                       3
<PAGE>   17

                                    ARTICLE 2

                            Alterations and Additions

Section 2.01 Landlord's Work.

(A) Landlord agrees to construct in a good and workman-like manner the
"Landlord's Work" (as defined below) according to the space plans and working
drawings approved by Landlord. Landlord shall provide Tenant with an improvement
allowance (the "Tenant Improvement Allowance") not to exceed One Hundred
Fifty-Seven Thousand Two Hundred Fifty-One and 40/100 Dollars ($157,251.40) [i.e
Fifteen and 10/100 Dollars ($15.10) per rentable square foot of area contained
within the Premises] for expenditure on Landlord's Work. The term "Landlord's
Work" shall mean all work set forth on the "Working Drawings" (as defined below)
which are approved by Landlord.

      The Tenant Improvement Allowance shall be applied to the cost of
Landlord's Work (including mechanical, electrical, plumbing and structural
engineering fees, reproduction costs, and costs of permits and inspections for
Landlord's Work), special installations, finishes, telephone and computer
wiring, architectural fees and design fees. At least eighty percent (80%) of the
Tenant Improvement Allowance shall be utilized in the Premises and up to, but no
more than, twenty percent (20%) of the Tenant Improvement Allowance, may be
utilized in the premises that National Foundation For Affordable Housing
Solutions, Inc. is leasing in the Building and/or the premises that Capital
Management Strategies Financial Services, Inc. is leasing in the Building. To
the extent that any portion of the Tenant Improvement Allowance is being
utilized for any of the items set forth in the immediately preceding sentence
and which do not constitute items of the Landlord's Work, Landlord shall
reimburse Tenant for such items within thirty (30) days after Landlord has
received (i) releases of lien from all contractors and materialmen who have
supplied labor or material for such items, and (ii) paid invoices indicating
that Tenant has actually paid to materialmen and contractors who have supplied
materials or labor for such items an amount which is at least equal to or in
excess of the amount for which Tenant is seeking reimbursement. Despite the
foregoing, (i) Landlord shall be obligated to pay the Tenant Improvement
Allowance (or applicable portion thereof) directly to the general contractor who
is performing the Landlord's Work in accordance with the terms of the
construction contract that is entered into by Landlord and such general
contractor, and (ii) Landlord shall not charge any construction management fee
or supervisory fee to Tenant in connection with the performance of the
Landlord's Work.

      If the aggregate total of the costs outlined herein, including the cost of
any changes to Landlord's Work, exceeds the amount of Tenant Improvement
Allowance, Tenant agrees to pay Landlord the amount of such excess costs within
fifteen (15) days after being invoiced by Landlord.

(B) Tenant shall meet with and cooperate, as necessary, with Landlord and/or
Landlord's representatives, so that the following schedule for drawings,
construction and moving can be met ("Critical Dates"):

      (i) Landlord, at Landlord's sole cost, shall provide Tenant with any
      existing "as-built" drawings for the Premises that are currently in
      Landlord's possession. On or before July 13, 1998, Tenant, at Tenant's
      sole cost (subject to the Tenant Improvement Allowance), shall submit to
      Landlord, for its approval, complete architectural and engineering working
      drawings and specifications for the Premises, as required for construction
      of Landlord's Work (the "Working Drawings"). Within seven (7) business
      days after Landlord's receipt of the Working Drawings, Landlord shall
      provide Tenant with its comments on the Working Drawings.

      (ii) Within five (5) business days after the date that Landlord provides
      Tenant with Landlord's comments on the Working Drawings, Tenant shall
      revise the Working Drawings in accordance with Landlord's comments and
      resubmit the same for Landlord's approval, which approval shall not be
      unreasonably withheld, conditioned or delayed.

                                       4
<PAGE>   18

      (iii) Upon Landlord's receipt of the Working Drawings, Landlord shall
      promptly make application for the building permit.

      (iv) Upon Landlord's receipt of the Working Drawings, Landlord shall
      promptly submit drawings for bidding to three (3) general contractors, one
      of which general contractor shall, subject to Landlord's reasonable right
      of approval, be selected by Tenant. The bid packages shall require the
      general contractor to (x) specify any long lead items that are contained
      in the Working Drawings, and (ii) require the general contractor to
      provide a one (1) year guaranty of its work. Bids shall be due within ten
      (10) business days after the date the drawings are submitted to the three
      (3) general contractors.

      (v) Tenant shall have five (5) business days to review, approve and select
      the bidder who will perform Landlord's Work, Immediately upon selection
      by Tenant, Landlord shall enter into a construction contract with such
      bidder to perform such work.

(C) Intentionally Deleted.

(D) Upon receipt of a signed copy of the approved Working Drawings, the required
permits and the execution of the construction contract by Landlord, construction
will commence. Any changes or additions requested by Tenant shall require
Landlord's prior written approval (which shall not be unreasonably withheld,
conditioned or delayed) and written authorization executed by Tenant or Tenant's
authorized representative, and to the extent applicable, approval of any
municipality or other authority having jurisdiction.

(E) "Tenant Delay" shall mean the actual amount of delay caused by (i) Tenant's
failure to perform any of its obligations with respect to the construction of
the Premises within the time frames for such performance set forth in this
Lease, (ii) any modifications to the Working Drawings requested by Tenant
(including change orders) following approval thereof, (iii) the work of Tenant,
its employees, agents, licensees or invitees or the work of Tenant's independent
contractors during the improvement period, if such work continues following
notice from Landlord that such work is actually delaying Substantial Completion,
or (iv) the delivery or installation of long lead items. It is expressly agreed
that the general contractor who is selected to perform the Landlord's Work shall
not, in its capacity of performing the work that is set forth on the Working
Drawings, be deemed to be an employee or contractor of Tenant.

(F) In the event of any Tenant Delay, then any delay in completing the Premises
shall not in any manner affect or delay the Rent Commencement Date or Tenant's
liability for the payment of Base Rent and Additional Rent with respect to the
Premises for the number of days of delay caused by such Tenant Delay, and Tenant
shall commence to pay Base Rent and Additional Rent on the date that the
Premises would have been "Substantially Completed" (as defined below) but for
such Tenant Delay. Under such circumstances, Landlord agrees to make the ready
for Tenant's occupancy not later than the Rent Commencement Date, plus the
number of days delay resulting from the Tenant Delay.

(G) The Premises shall be deemed ready for occupancy if "Substantially
Completed". As used in this Lease "Substantial Completion" and "Substantially
Completed" shall mean the date that Landlord's Work is completed in accordance
with the Working Drawings, except for Long Lead Items and except for "punch
list" items that will not materially affect the use of the Premises for Tenant's
intended purposes, or the date upon which the Premises would have been ready for
occupancy and Substantially Competed but for a Tenant Delay. In the event that
any governmental authority prohibits Tenant from using the Premises for office
purposes as a result of the Landlord's Work failing to be performed in
accordance with applicable law, then Tenant's obligation to pay Base Rent with
respect to the Premises shall be postponed until the date that the Landlord's
Work is corrected so that Tenant can lawfully use the Premises for office
purposes.

(H) Landlord, at Tenant's sole cost and expense, shall be responsible for
obtaining (i) the construction permits for Landlord's Work, and (ii) a
certificate of occupancy for the Premises, if necessary. Tenant shall be
responsible for obtaining all other permits or licenses (collectively, "Tenant's
Permits") necessary for its lawful occupancy of the Premises. This requirement
shall

                                       5
<PAGE>   19

not relieve Tenant of its liability for Base Rent with respect to the Premises
from the Rent Commencement Date in the event Tenant's Permits have not been
acquired prior thereto.

(I) Upon substantial completion of Landlord's Work, Landlord and Tenant shall
inspect Landlord's Work and prepare a punch list of incorrect or incomplete
items. Landlord shall, in good faith, use diligent efforts to complete or
correct the punch list items within thirty (30) days after creation of the
punch list.

Section 2.02 Intentionally Deleted.

Section 2.03 Alterations. Tenant shall not make or allow to be made any
alterations, additions or improvements (collectively, "Alterations") to the
Premises or any part thereof unless in accordance with the Final Plans without
the prior consent of Landlord. Notwithstanding anything herein to the contrary,
Landlord shall not unreasonably withhold or delay its consent to any Alterations
proposed to be made by Tenant to adapt the Premises for the Permitted Uses which
(i) are nonstructural, (ii) do not affect the Building's HVAC, plumbing,
electrical, life safety or mechanical systems or services, (iii) do not affect
any part of the Building other than the Premises, (iv) do not adversely affect
any service required to be furnished by Landlord to Tenant or to any other
tenant or occupant of the Building and (v) do not reduce the value or utility of
the Building. Landlord's consent shall not be required with respect to purely
decorative Alterations which satisfy the criteria set forth in the immediately
preceding sentence and which, together with all such other purely decorative
Alterations performed within any twelve (12) month period during the Term, do
not in the aggregate cost more than $10,000.00. Any other Alteration may be
approved or disapproved by Landlord for any reason or for no reason. If
Landlord shall consent to any Alterations to the Premises, such Alterations
shall be subject to all of the terms, covenants, conditions and agreements which
Landlord may, in its reasonable discretion, prescribe from time to time,
including the requirement that, prior to the commencement of any Alterations to
the Premises Tenant deliver to Landlord written acknowledgments from all
materialmen, contractors, artisans, mechanics, laborers and any other persons
furnishing any labor, services, materials, supplies or equipment to Tenant with
respect to the Premises that they will look exclusively to Tenant to obtain
payment of all sums due in connection therewith and that Landlord shall have no
liability for such costs. Anything in this Lease to the contrary
notwithstanding, Landlord shall not require Tenant to provide a bond in
connection with any Alterations. All Alterations to the Premises made or
requested by Tenant shall be at Tenant's sole cost and expense and shall be
performed in compliance with all applicable laws and regulations, including,
without limitation, Title III of the Americans with Disabilities Act. Upon the
Expiration Date or sooner termination of the Term, any Alterations to the
Premises, excepting movable furniture and trade fixtures and moveable equipment,
shall become the property of Landlord and shall be surrendered with the
Premises, unless, at the time Landlord consents to any such Alterations,
Landlord reserves the right to require Tenant to remove same at the expiration
of the Term, and Landlord shall thereafter direct Tenant to remove any such
Alterations, in which event Tenant shall remove same at its sole cost and
expense and repair in a good and workmanlike manner any damage to the Premises
occasioned by such removal and restore the Premises to the condition existing
prior to such Alterations, normal wear and tear excepted. Tenant shall not be
required to pay a construction administration or supervisory fee to Landlord in
connection with any Alterations.

                                    ARTICLE 3

                               Operating Expenses

Section 3.01 Base Year Stop. The term "Base Operating Year" shall mean Rent Year
1. In the event that Operating Expenses (as defined in Section 3.03 hereof) for
any calendar year subsequent to the Base Operating Year during the Term or any
renewal or extension thereof exceed the total Operating Expenses for the Base
Operating Year ("Base Expenses"), Tenant shall pay Landlord, as Additional Rent,
Tenant's Pro Rata Share (as defined in Section 3.04 herein) of such excess
Operating Expenses (the "Operating Payment"). The Operating Payment shall be
made pursuant to the provisions of Section 3.02 hereof.

                                       6
<PAGE>   20

Section 3.02 Estimates and Payments. Tenant agrees to pay monthly, as Additional
Rent, one-twelfth (1/12) of Landlord's estimate of Tenant's Operating Payment
for the then current calendar year. Landlord will give Tenant written notice
from time to time of such estimated amounts, and Tenant shall pay such amounts
monthly to Landlord in the same manner and at the same time as Base Rent. As
soon as is reasonably practicable following the end of each calendar year,
Landlord will submit to Tenant a statement showing in reasonable detail
Operating Expenses (including Landlord's calculations pursuant to Subsection
3.03(B) hereof) on a per rentable square foot basis for the preceding calendar
year along with a reconciliation of estimated payments made by Tenant as
compared to Tenant's actual Operating Payment for such calendar year (each, an
"Operating Statement"). Within thirty (30) days after receipt of an Operating
Statement, Tenant shall pay to Landlord any additional amounts owed to Landlord
as shown on the Operating Statement. In the event the Operating Statement shall
indicate that an overpayment has been made by Tenant, Tenant shall be entitled
to a credit against payments next becoming due by it pursuant to this Lease or,
in the event the Term has expired, Landlord shall refund the amount of such
overpayment to Tenant. Any payments due under this Article 3 shall be prorated
for any partial calendar year occurring during the Term. Tenant's obligation to
pay any amounts due under this Article 3 shall survive the Expiration Date or
earlier termination of this Lease. Anything herein to the contrary
notwithstanding, Tenant shall have no obligation to pay any Operating Payment in
respect of any period prior to the first day of Rent Year 2.

Section 3.03 Operating Expenses Defined.

(A) The term "Operating Expenses" shall mean the aggregate of those costs and
expenses paid or incurred by or on behalf of Landlord relating to the ownership,
maintenance and operation of the Building or the sidewalks or areas adjacent
thereto or for any other areas for which Landlord shall have any obligation for
repair or maintenance in connection with its ownership of the Building. Without
limiting the generality of the foregoing, Operating Expenses shall include the
following: all taxes, fees and assessments and governmental charges levied
taxing the Building or its operation ("Taxes"), for any whole or partial tax
year or period occurring during the Term hereof as well as all expenses,
incurred in obtaining a refund of or contesting any Taxes; all insurance of any
type that Landlord, in its sole discretion, shall deem necessary to carry; and
all costs paid or incurred in connection with the operation or maintenance of
the Building, Building systems and related facilities. If the costs of any
repairs, alterations, additions, changes, replacements .or other items which
would otherwise be includable in Operating Expenses are required to be
capitalized under the Internal Revenue Code of 1986, as amended, then such costs
shall not be included in full as Operating Expenses in the year incurred, but
rather, Landlord shall only include in each calendar year the annual portion of
such costs yielded by amortizing the same over the useful life thereof, together
with interest on such amortized amount calculated at the lesser of (a) the prime
rate of interest published from time to time in The Wall Street Journal or any
successor publication plus two percent (2%) per annum or (b) the maximum legal
rate of interest allowed by the state in which the Building is located.

(B) In determining the amount of Operating Expenses for any calendar year during
the initial Term and any Extension Term, including the Base Operating Year, if
less than ninety percent (90%) of the rentable area of the Building shall have
been occupied by tenant(s) at any time during any such calendar year Operating
Expenses shall be determined for such calendar year to be an amount equal to the
expenses which would normally be expected to be incurred had such occupancy been
ninety percent (90%) throughout such calendar year.

(C) Notwithstanding anything to the contrary contained herein, Landlord and
Tenant agree that during the initial Term or any Extension Term (as defined in
Section 4.10) hereof, Tenant's Operating Payment with respect to items other
than "uncontrollable expenses" shall not increase by more than seven percent
(7%) per annum, compounded annually over Tenant's Operating Payment for such
items for the immediately preceding calendar year during the initial Term or, if
applicable, any Extension Term hereof, and any unused portion of any limitation
for a prior calendar year during the initial Term or, if applicable, any
Extension Term hereof shall be added to the limitation applicable to any
subsequent calendar year during the initial Term or any Extension Term hereof.
For the purposes hereof, "uncontrollable expenses" shall be deemed to consist of
(i) Taxes, (ii) insurance carried by Landlord, and (iii) all utility expenses
incurred by

                                       7
<PAGE>   21

Landlord. Tenant expressly acknowledges that the seven percent (7%) limitation
on increases in Tenant's Operating Payment shall not apply to "uncontrollable
expenses."

(D) Anything herein to the contrary notwithstanding, for purposes of this Lease,
Operating Expenses shall not include (1) costs incurred in the original
construction of the Building; (2) expenditures for refinancing and for mortgage
debt service; (3) reserves; (4) expenses directly relating to the leasing of
space in the Building (including tenant improvements, leasing commissions and
advertising expenses incurred in connection with the listing of available space
in the Building); (5) expenses directly relating to the transfer or disposition
of ownership interests in the Building; (6) ground rent; (7) salaries or fringe
benefits of any partner, shareholder, officer, director or employee of Landlord
above the grade of building manager; (8) costs and expenses otherwise included
in Operating Expenses, to the extent Landlord is reimbursed from other sources
for such costs and expenses; (9) expenses for repairs or maintenance for which
Landlord is reimbursed from or pursuant to insurance warranties, service
contracts or otherwise; (10) management or other fees paid to any entity
controlled by, controlling or under common control with Landlord to the extent
same as substantially in excess of the industry standard for similarly situated
office buildings in the general vicinity of the Building; (11) the cost of
repairs or other work necessitated by a fire or other casualty or condemnation
to the extent of any insurance proceeds or condemnation award received by
Landlord in connection therewith; (12) Landlord's general corporate overhead and
administrative expenses; (13) costs resulting from Landlord's gross negligence
or willful misconduct in the performance its obligations under this Lease,
including, only in the case of Landlord's failure to pay Taxes when the same are
due, any penalty or interest incurred by Landlord as a result thereof; (14) the
cost of operating any parking area of the Building; (15) any compensation paid
to clerks, attendants or other persons in commercial concessions (including any
parking garage) operated by Landlord; (16) any costs of compliance with
Environmental Laws (as defined in Section 4.04(B) hereof; (17) capital
expenditures other than those which (a) benefit Tenant and (b) reduce Operating
Expenses (to the extent of such reduction only, after giving effect to the
provisions of Section 3.03(B) hereof) or are required by laws enacted after the
date hereof; (18) depreciation; (19) the rental cost of any item which, if
purchased, would not be considered an Operating Expense, unless Landlord would
otherwise be entitled to treat same as a capital expense (in which event such
rental cost shall be included in Operating Expenses subject to the provisions of
this Section 3.03 concerning capital expenditures); (20) costs for acquisitions
of sculpture, paintings or other objects of art; (21) the cost of electricity
provided to any other tenant of the Building outside of building standard days
and hours; (22) legal fees incurred in connection with tenant disputes or in
procuring tenants; (23) any cost incurred by Landlord by reason or curing any
building code violation affecting the Office Building and/or complying with any
laws in effect as of the date hereof; and (24) costs incurred by Landlord in
maintaining its legal existence as an entity.

(E) Tenant or its representative shall have the right, upon not less than ten
(10) days' prior notice rendered no later than ninety (90) days after delivery
of an Operating Statement, to review, at Tenant's sole cost, Landlord's books
and records with respect to Operating Expenses during normal business hours, at
the location of Landlord's books and records, but no more than once annually or
with respect to any given calendar year. Unless Tenant shall take written
exception to any item contained in the Operating Statement within ninety (90)
days after delivery thereof, the Operating Statement shall be deemed final and
accepted by Tenant. If Tenant disputes an Operating Statement, Tenant shall pay
the amount set forth therein and any other amounts then owed by Tenant under
this Lease as a condition precedent to any further review of the content of the
Operating Statement. In the event that Tenant, after having the opportunity to
examine such books and records shall disagree with the Operating Statement,
Tenant and Landlord shall attempt to resolve such disagreement. If they are
unable to do so after a period of ninety (90) days, Landlord and Tenant shall
designate a mutually acceptable independent qualified professional (the
"Auditor") to audit Landlord's books and records to determine the accuracy of
the Operating Statement. If the audit discloses an error in the Operating
Statement which resulted in an overpayment by Tenant in excess of fifteen
percent (15%) of the amount due by Tenant, Landlord shall be responsible for
paying the fees and costs of such audit, otherwise Tenant shall pay the fees and
costs. The Auditor's determination shall be binding upon the parties.

Section 3.04 Pro Rata Share. Tenant's pro rata share ("Pro Rata Share") of
Operating Expenses and other amounts payable pursuant to the terms of this Lease
shall be computed by

                                       8
<PAGE>   22

multiplying such expense or amount by a fraction, the numerator of which shall
be the number of rentable square feet in the Premises as set forth in Section
1.01(K), and the denominator of which shall be the total number of rentable
square feet in the Office Building as determined by Landlord. As of the date
hereof, the Office Building contains 182,259 rentable square feet and Tenant's
Pro Rata Share is 5.71%.

                                    ARTICLE 4

                          Tenant's Covenants and Rights

Section 4.01 Parking.

(A) Landlord shall require that any garage operator shall offer to Tenant two
and one-half (2.5) monthly parking contracts for every one thousand (1,000)
square feet of rentable area of the Premises to park an automobile
(collectively, the "Parking Rights") in the parking garage under the Building
(the "Parking Facilities"). Parking Rights shall (i) be unassigned, and (ii) be
on a self-park or attendant parking basis (or a combination thereof), as
determined by the garage operator. Despite the foregoing, one (1) of the parking
contracts that is entered into by Tenant under the first sentence of this
Section 4.01 shall be for a reserved parking space (the "Reserved Space"). The
monthly parking rate for the Parking Rights (including the Reserved Space) shall
be the prevailing market rate charged from time to time by the garage operator
for similar monthly parking contracts, except that the initial monthly parking
rate for Parking Rights (other than for the Reserved Space) shall initially be
Seventy-Five and 00/100 Dollars ($75.00) per month, per space. As of the date of
this Lease, the monthly rate for the Reserved Space is One Hundred Fifty and
00/100 Dollars ($150.00) per month. Except as otherwise provided herein,
contracts for the Parking Rights shall be with the garage operator and shall
contain the same terms as are usually contained in contracts with other similar
office customers of the garage operator.

(B) All parking facilities furnished by Landlord shall be subject to the
reasonable control and management of Landlord, who may, from time to time,
establish, modify and enforce reasonable rules and regulations with respect
thereto. Landlord further reserves the right to change, reconfigure, or
rearrange the parking areas, and to restrict or eliminate the use of any parking
areas and do such other acts in and to such areas as Landlord deems necessary or
desirable without such actions being deemed an eviction of Tenant or a
disturbance of Tenant's use of the Premises.

(C) During temporary periods of construction or repair, Landlord shall not be
deemed to be in default hereunder, but Tenant's obligations to pay Additional
Rent for the Parking Rights shall cease for so long as Tenant does not have the
use of the Parking Rights (or any substitute Parking Spaces in reasonable
proximity to the Building which Landlord may supply), and such abatement shall
constitute full settlement of all claims that Tenant might otherwise have
against Landlord by reason of such failure or inability to provide the Parking
Rights.

(D) Tenant shall, if requested by Landlord, furnish to Landlord a complete list
of the license plate numbers of all vehicles operated by Tenant, Tenant's
employees and agents. Landlord shall not be liable for any damage of any nature
to, or any theft of, vehicles, or contents thereof, in or about such parking
facility. Excessive use of the parking facilities by another tenant shall not be
a default or breach of this Lease by Landlord, and shall not suspend or
terminate any of Tenant's obligations under this Lease.

Section 4.02 Assignment and Subletting.

(A) Tenant covenants that it shall not, by operation of law or otherwise,
assign, sublet, encumber or mortgage this Lease, or any part thereof, or permit
the Premises to be used by others without the prior written consent of Landlord
in each instance. The consent by Landlord to any assignment, mortgage,
encumbrance, subletting or use of the Premises by others shall not constitute a
waiver of Landlord's right to withhold its consent to any other assignment,
subletting, mortgage, encumbrance or use by others of the Premises. Whether or
not Landlord's consent shall be granted to any proposed assignment or
subletting, Tenant shall reimburse Landlord for

                                       9
<PAGE>   23

the reasonable expenses, including attorneys' fees and disbursements, incurred
by Landlord in connection with Tenant's request for such consent. In addition,
Tenant shall pay to Landlord, as Additional Rent, all reasonable direct and
indirect expenses incurred by Landlord due to any such assignee or sublessee
taking possession of the Premises. The absolute and unconditional prohibitions
set forth in this Section 4.02 and Tenant's agreement thereto are material
inducements to Landlord to enter into this Lease with Tenant, and any breach or
attempted breach thereof shall constitute an Event of Default (as defined in
Section 7.01 hereof) for which no notice or opportunity to cure need be given.
For the purposes of this Section 4.02, (i) the transfer or issuance of stock
ultimately resulting in ownership of a majority of the issued and outstanding
capital stock of any corporate tenant, or of a corporate subtenant, or the
transfer of a majority of the total interest in any partnership tenant or
subtenant, however accomplished, whether in a single transaction or in a series
of related or unrelated transactions, shall be deemed an assignment of this
Lease, or of such sublease, as the case may be, except that the transfer of the
outstanding capital stock of any corporate tenant, or subtenant, shall not be
deemed to include the sale of such stock by persons or parties through the
"over-the-counter market" or through any recognized stock exchange, other than
by those deemed to be a "control person" within the meaning of the Securities
Exchange Act of 1934, as amended, (ii) a takeover agreement or similar agreement
whereby the obligations of Tenant under this Lease are assumed by another party
shall be deemed a transfer of this Lease, (iii) any person or legal
representative of Tenant, to whom Tenant's interest under this Lease passes by
operation of law, or otherwise, shall be bound by the provisions of this Section
4.02, (iv) a modification, amendment or extension of a sublease shall be deemed
a sublease and (v) if Tenant consists of more than one person, a purported
assignment, voluntary, involuntary, or by operation of law by any of the persons
executing this Lease shall be deemed a voluntary assignment of this Lease by
Tenant.

(B) No consent by Landlord to an assignment of this Lease shall be effective
until Tenant shall deliver to Landlord an agreement in form and substance
satisfactory to Landlord pursuant to which such assignee assumes and agrees to
be bound by all of the terms, covenants, conditions, provisions and agreements
of this Lease. In no event shall Tenant be released from its obligations
hereunder as a result of any assignment of this Lease, and the Tenant named
herein and any assignee of such Tenant who assumes the obligations of the named
Tenant under this Lease, from and after such assignment, shall be jointly and
severally liable for performance of all obligations of Tenant under this Lease.

(C) If the rent and other sums payable to Tenant by an assignee or sublessee for
or in connection with an assignment of this Lease or the sublease of all or any
part of the Premises, less the reasonable out-of-pocket brokerage commissions,
tenant improvement costs and attorneys' fees incurred by Tenant in connection
with such assignment or Sublet, shall be in excess (the "Excess") of the Base
Rent and any Additional Rent provided for in this Lease (allocated on a per
square foot basis in the event of a sublease of less than all of the Premises),
Tenant shall so notify Landlord and shall pay Landlord fifty percent (50%) of
the Excess as and when received by Tenant.

(D)   (1) In the event that Tenant shall desire Landlord's consent to the
      subletting of all or part of the Premises or the assignment of this Lease,
      Tenant shall give Landlord thirty (30) days' prior written notice thereof,
      which notice shall include (i) the name and address of the proposed
      assignee or subtenant, (ii) a reasonably detailed description of such
      person or entity's business, (iii) detailed financial references for such
      person or entity (including its most recent balance sheet and income
      statement, certified, as applicable, by such person or by such entity's
      chief financial officer as to the truth and accuracy thereof), (iv) a
      written authorization by such proposed subtenant or assignee for Landlord
      or its designee to cause a credit check to be compiled against it, (v) a
      statement setting forth (1) the effective date of the proposed assignment
      or the commencement date of the proposed sublease, (2) the base annual
      rent and additional rent to be paid by the proposed subtenant, and (3) the
      number of rentable square feet proposed to be sublet, (vi) a copy of the
      proposed sublease or assignment and assumption agreement, and (vii) such
      other information as Landlord may reasonably require. In the case of a
      proposed assignment of the Lease or a sublease of all or substantially all
      of the Premises not then subleased by Tenant, such notice shall be deemed
      to be an offer by Tenant (which may be accepted by Landlord by written
      notice to Tenant) (a) to terminate the Lease or (b) to eliminate from

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<PAGE>   24

      the Premises and cause Tenant to surrender such portion of the Premises
      (the "Eliminated Space") which Tenant proposes to sublease in the case of
      a proposed sublease of less than all of the Premises, effective as of the
      effective date of the proposed assignment or the commencement date of the
      proposed sublease, but in no event sooner than sixty (60) days following
      Landlord's acceptance of Tenant's offer (the "Elimination Date"). In the
      event of a termination of this Lease pursuant to the provisions of clause
      (a) of this Subsection, Tenant's obligations hereunder shall cease from
      and after the date of termination, provided that Tenant shall not be
      relieved of any obligations which shall have accrued prior to the date of
      termination. In the event of a surrender of the Eliminated Space, (i)
      Tenant's obligations with respect to the Eliminated Space shall cease from
      and after the date of surrender of the Eliminated Space, provided that
      Tenant shall not be relieved of any obligations which shall have occurred
      prior to the date of surrender, (ii) Tenant's obligation for the payment
      of Base Rent shall be reduced as of the Elimination Date by an amount
      equal to the product of (xx) the Base Rent, and (yy) a fraction, the
      numerator of which is the number of rentable square feet proposed to be
      sublet and the denominator of which is the number of rentable square feet
      contained in the Premises, and (iii) the Operating Payment shall be
      proportionately reduced effective as of the Elimination Date to take into
      account the deletion of the Eliminated Space from the Premises. If
      Landlord shall exercise its option to cause a surrender of the Eliminated
      Space, Landlord, at Landlord's expense, may make such alterations as may
      be required or deemed necessary by Landlord to physically separate the
      Eliminated Space from the balance of the Premises and to comply with any
      legal insurance requirements related to such separation. If required by
      any applicable law in connection with a termination of this Lease, or the
      surrender of the Eliminated Space, Tenant shall complete, swear to and
      file any questionnaires, tax returns, affidavits or other documentation
      which may be required to be filed with the appropriate governmental agency
      in connection with any tax which may now or hereafter be in effect
      relating to any termination of this Lease or surrender of the Eliminated
      Space. Tenant agrees to pay any taxes which may be assessed in connection
      with any such termination or Surrender, if and to the extent same would
      have been imposed upon Tenant in the event the proposed assignment or
      sublet had become effective, and to defend, indemnify and hold Landlord
      harmless from any claims for payment of such taxes as a result of any such
      transactions.

      (2) In the event Landlord does not exercise either option provided to it
      pursuant to the provisions of this Subsection (D) within thirty (30) days
      after the date of Landlord's receipt of Tenant's notice, and providing
      that Tenant is not in default of any of Tenant's obligations under this
      Lease (after notice and the expiration of any applicable grace period) as
      of the time of Landlord's consent, and as of the effective date of the
      proposed assignment or the commencement date of the proposed sublease,
      Landlord's consent (which must be in writing and form reasonably
      satisfactory to Landlord) to the proposed assignment or sublease shall not
      be unreasonably withheld or delayed, provided and upon condition that:

            (a) In Landlord's reasonable judgment the proposed assignee or
            subtenant is engaged in a business or activity, and the Premises, or
            the relevant part thereof, will be used in a manner, which (i) is in
            keeping with the then standards of the Building, (ii) is limited to
            the use of the Premises as general and executive offices, and (iii)
            will not violate any negative covenant as to use contained in any
            other lease of office space of the Building;

            (b) The proposed assignee or subtenant is a reputable person with
            sufficient financial worth or who has provided reasonable security
            considering the responsibility involved, and Landlord has been
            furnished with reasonable proof thereof;

            (c) Neither (i) the proposed assignee or sublessee nor (ii) any
            person which, directly or indirectly, controls, is controlled by, or
            is under common control with, the proposed assignee or sublessee, is
            then an occupant of any part of the Building if there is other space
            available for lease in the Building;

                                       11
<PAGE>   25

            (d) The proposed assignee or sublessee is not a person with whom
            Landlord is then negotiating to lease space in the Building;

            (e) The proposed sublease or instrument of assignment shall be in
            form and substance reasonably satisfactory to Landlord;

            (f) The rental and other terms and conditions of the sublease are
            the same as those contained in the proposed sublease furnished to
            Landlord pursuant to this Subsection;

            (g) [Intentionally Deleted]; and

            (h) The proposed subtenant or assignee shall not be entitled,
            directly or indirectly, to diplomatic or sovereign immunity and
            shall be subject to the service of process in, and the jurisdiction
            of the courts of, the state in which the Building is located.

      (3) If Landlord shall decline to give its consent to any proposed
      assignment or sublease, or if Landlord shall exercise either of its
      options afforded it pursuant to this Subsection (D), Tenant shall
      indemnify, defend and hold harmless Landlord against and from any and all
      loss, liability, damages, costs, and expenses (including reasonable
      attorneys' fees and disbursements) resulting from any claims that may be
      made against Landlord by the proposed assignee or sublessee in connection
      with the proposed assignment or sublease transaction or by any brokers or
      other persons claiming a commission or similar compensation in connection
      with the proposed assignment or sublease.

      (4) In the event that (i) Landlord fails to exercise either of its options
      under this Subsection (D) and consents to a proposed assignment or
      sublease, and (ii) Tenant fails to execute and deliver the assignment or
      sublease to which Landlord consented within (90) days after the giving of
      such consent, then, Tenant shall again comply with all of the provisions
      and conditions of this Subsection (D) before assigning this Lease or
      subletting all or part of the Premises.

      (5) Each sublease shall provide that it is subject and subordinate to this
      Lease and to the matters to which this Lease is or shall be subordinate,
      and that in the event of termination, re-entry or dispossession by
      Landlord under this Lease Landlord may, at its option, take over all of
      the right, title and interest of Tenant, as sublessor, under such
      sublease, and such Subtenant shall, at Landlord's option, attorn to
      Landlord pursuant to the then executory provisions of such sublease,
      except that Landlord shall not (a) be liable for any previous act or
      omission of Tenant under such sublease, (b) be subject to any
      counterclaim, offset or defense, not expressly provided in such sublease,
      which theretofore accrued to such subtenant against Tenant, or (c) be
      bound by any previous modification of such sublease or by any previous
      prepayment of more than one (1) month's rent. The provisions of this
      paragraph shall be self-operative and no further instrument shall be
      required to give effect to this provision.

      (6) The consent by Landlord to any assignment or subletting shall not
      constitute a waiver of the necessity for Landlord's consent to any
      subsequent assignment or subletting. If this Lease is assigned or if the
      Premises or any part thereof is occupied by anybody other than Tenant,
      Landlord may collect rent front the assignee or occupant and apply the net
      amount collected to the rent herein reserved, but no such assignment,
      subletting, occupancy or collection shall be deemed a waiver of this
      provision or the acceptance of the assignee, undertenant or occupant as
      tenant, or as a release of Tenant from the further performance by Tenant
      of the provisions on its part to be observed or performed herein.
      Notwithstanding any assignment or sublease, Tenant shall remain fully
      liable and shall not be released from performing any of the terms of this
      Lease.

      (7) Notwithstanding anything to the contrary set forth in Section 4.02 of
      this Lease, and subject to all of the provisions of this Lease, Tenant may
      assign this Lease to or

                                       12
<PAGE>   26

      permit any corporation or other business entities which control, are
      controlled by, or are under common control with Tenant (each, a "related
      corporation") to sublet the Premises for any of the purposes permitted to
      Tenant under this Lease (subject, however, to compliance with Tenant's
      obligations under this Lease) without being required to obtain Landlord's
      consent provided that (a) Tenant shall not then be in default (after any
      applicable grace and/or cure periods set forth in Section 7.01(A) in the
      performance of any of its obligations under this Lease), (b) prior to such
      assignment or subletting, Tenant furnishes Landlord with the name of any
      such related corporations, together with the written certification of
      Tenant that such entity is a related corporation of Tenant, (c) in the
      reasonable judgment of Landlord, the proposed assignee or subtenant is in
      keeping with the reasonable standards of Landlord for the Building and (d)
      in the event of an assignment or a sublease of all or substantially all of
      the Premises, the assignee or sublessee shall have a net worth computed in
      accordance with generally accepted accounting principles at least equal to
      the greater of (1) the net worth of Tenant immediately prior to such
      assignment or sublease or (2) the net worth of Tenant named herein on the
      date of this Lease, and proof satisfactory to Landlord of such net worth
      shall have been delivered to Landlord at least ten (10) days prior to the
      effective date of any such transaction. Any such subletting shall not be
      deemed to vest in any such related corporation any right or interest in
      this Lease or the Premises nor shall any subletting or assignment relieve,
      release, impair or discharge any of Tenant's obligations hereunder. For
      the purposes hereof, "control" shall be deemed to mean ownership of not
      less than fifty-one percent (51%) of all of the voting stock of such
      corporation or not less than fifty-one percent (51%) of all of the legal
      and equitable interest in any other business entities.

      (8) The provisions of this Section shall not apply and Landlord's consent
      shall not be required with respect to transactions with a corporation into
      or with which Tenant is merged or consolidated or to which substantially
      all of Tenant's assets are transferred, provided that in any of such
      events (a) the successor to Tenant has a net worth computed in accordance
      with generally accepted accounting principles at least equal to the
      greater of (1) the net worth of Tenant immediately prior to such merger,
      consolidation or transfer, or (2) the net worth of Tenant herein named on
      the date of this Lease and (b) proof satisfactory to Landlord of such net
      worth shall have been delivered to Landlord at least ten (10) days prior
      to the effective date of any such transaction.

(E) Anything to the contrary contained in this Section 4.02 notwithstanding,
Tenant shall have the right from time to time to sublet or enter into occupancy
agreements with respect to individual offices within the Premises to Capital
Management Strategies Financial Services, Inc., Stellar Advisors, LLC, and/or
National Foundation For Affordable Housing Solutions, Inc., provided:

      (1) At the time of such subletting, Tenant named herein occupies offices
      in the Premises and this Lease has not been assigned by Tenant;

      (2) Tenant shall not create or cause the creation of any demising walls in
      connection with any such subletting or occupancy;

      (3) Notice of such subletting or occupancy is delivered to Landlord within
      ten (10) days of the execution of such sublease of occupancy agreement, as
      the case may be, together with a copy of such executed sublease or
      occupancy agreement;

      (4) At the time of such subletting or occupancy. Tenant is not in default
      under this Lease beyond any applicable notice and/or grace period; and

      (5) Such sublease or occupancy agreement shall specifically state that it
      is subject to the provisions of this Lease and that occupant joins in the
      waivers and indemnities set forth herein and such space shall be used for
      general office use.

(F) Despite the foregoing, in the event that in accordance with the terms of
this Lease Tenant sublets the Temporary Space to another party at a rent which
is in excess of the rent (as

                                       13
<PAGE>   27

determined on a per square foot basis) that Tenant is actually paying to
Landlord for such space then Tenant shall be entitled to retain one hundred
percent (100%) of such excess.

Section 4.03 Care of Premises. Subject to the provisions of Sections 6.01 and
6.02 hereof Tenant shall maintain and repair the Premises during the Term and
preserve same in the condition delivered to Tenant on the Commencement Date,
normal wear and tear excepted. Tenant shall be responsible for repainting and
redecorating the Premises, and making repairs, replacements and alterations as
needed, in a good and workmanlike manner in accordance with the terms and
provisions of this Lease, provided that the foregoing shall not derogate from
Landlord's obligations set forth in Section 5.02 hereof. Landlord shall repair
or replace, at Tenant's expense any damage done to the Building or any part
thereof caused by Tenant or Tenant's agents employees, contractors, invitees or
visitors. Tenant agrees to give Landlord or its managing agent at least fifteen
(15) days prior written notice of the necessity for any repairs to the Premises
and shall not proceed to perform same until Landlord or its managing agent has
consented thereto. Upon the expiration of the Term or other termination of this
Lease, Tenant shall peaceably surrender to Landlord the Premises, broom clean,
in the same condition as existed on the Commencement Date, excepting only
ordinary wear and tear.

Section 4.04 Compliance with Law.

(A) Tenant, at its expense, shall comply with all laws, orders and regulations
of any governmental authorities and with any directive of any public officer
which shall impose any violation, order or duty upon Landlord or Tenant with
respect to the Premises or the use or occupation thereof including, without
limitation, any governmental law or statute, rule, regulation ordinance, code,
policy or rule of common law now or hereafter in effect relating to the
environment, health, safety or any Substances, materials or wastes regulated by
any governmental authority or deemed or defined as a "hazardous substance",
"hazardous material", "toxic substance", "toxic pollutant", "contaminant",
"pollutant", "solid waste", "hazardous waste" o words of similar import under
applicable laws and regulations of the United States, the state in which the
Building is located and the political subdivisions thereof having jurisdiction
over the Building, including, without limitation, oil and petroleum products,
natural or synthetic gas asbestos in any form, urea formaldehyde and radon gas
(collectively, "Hazardous Materials"). In addition, Tenant shall comply with,
and shall cause compliance with the rules and regulation set forth in Exhibit D
annexed hereto, as amended from time to time (the "Rules an Regulations"), which
have been adopted by Landlord in its reasonable discretion for the Building
Landlord shall enforce the Rules and Regulations on a non-discriminatory basis.
Landlord shall maintain the common areas of the Building in compliance with
Title III of the Americans with Disabilities Act of 1990 and all regulations
promulgated thereunder (the "ADA"), except as provided in the following
sentence. If alterations to the common areas of the Building are required in
order to comply with the ADA as a result of Tenant's changes or alterations
within the Premises or Tenant's use of the Premises, the cost thereof shall be
paid by Tenant within twenty (20) days after demand by Landlord. Tenant shall
maintain the Premises in compliance with the ADA at its cost and expense.

(B) Tenant shall provide Landlord with copies of all communications and related
materials regarding the Premises with any (i) governmental agency relating to
any law, statute, rule regulation, article, code, policy or rule of common law
and any judicial interpretation thereof relating to Hazardous Materials
(collectively, "Environmental Laws") or (ii) person with respect to any claim
relating in any way to any Environmental Law (each, an "Environmental Claim")
Landlord or its agents may perform an environmental inspection of the Premises
at Tenant's expense at any time during the Term.

(C) Tenant agrees to defend, indemnify and hold harmless the Indemnitees (as
defined in Section 4.06 hereof) from and against all obligations (including
removal and remedial actions) losses, claims, suits, judgments, liabilities,
penalties, damages (including consequential and punitive damages), costs and
expenses (including attorneys' and consultants' fees and expenses of any kind or
nature whatsoever that may at any time be incurred by, imposed on or asserted
against such Indemnitees directly or indirectly based on, or arising or
resulting from (a) the actual or alleged presence of Hazardous Materials on the
Premises or in the Building which is caused or permitted by Tenant and (b) any
Environmental Claim relating in any way to Tenant's

                                       14
<PAGE>   28

operation or use of the Premises or the Building. The provisions of this
Subsection (C) shall survive the expiration or sooner termination of this Lease.

(D) Tenant shall not do or permit to be done any act in, on or about the
Premises or store anything therein which will in any way increase the existing
rate of, or adversely affect, or cause a cancellation of, any fire or other
insurance policies covering the Building or any of its contents. In addition,
Tenant shall pay or cause to be paid before delinquency, any and all taxes
levied or assessed and payable during the Term upon all of Tenant's leasehold
improvements, equipment, furniture, fixtures, and other personal property
located in the Premises.

(E) Landlord shall cure any violation imposed by any applicable federal, state,
county or municipal authority against Landlord with respect to the operation of
the Building which violation results in the prohibition of the use and occupancy
of the Premises by Tenant for the Permitted Uses provided such violation is not
the result of the acts or omissions of Tenant, any other tenant in the Building,
or any other third party. In no event shall the foregoing sentence be deemed to
relieve Tenant of any obligations to comply with Title III of the Americans with
Disabilities Act (the "ADA") within the Premises and with respect to the
entranceway to the Premises; provided, however, that Landlord shall be
responsible for the costs of ADA compliance required with respect to the common
areas of the Building other than to the extent same is the responsibility of
Tenant hereunder or the responsibility of any other tenant of the Building.

(F) Tenant shall have no obligation or liability under this Section 4.04 with
respect to Hazardous Materials and/or Environmental Claims based on a condition
which exists within the Premises or the Building prior to the Commencement Date
which was created by Landlord or any other tenant except to the extent Tenant
exacerbates such condition.

(G) Landlord hereby represents that, to the best of its actual knowledge as of
the date of this Lease, it has not received any formal notice of a violation of
any applicable Environmental Laws with respect to the presence of Hazardous
Materials in the Building.

Section 4.05 Tenant's Insurance.

(A) Tenant shall procure and maintain throughout the Term of this Lease, at its
expense, commercial general liability insurance providing coverage for bodily
injury (including death) and property damage and products liability insurance,
as necessary. This policy shall contain a broad form contractual liability
endorsement insuring Tenant's obligations under Section 4.06(A) hereof with a
combined single limit of at least One Million Dollars ($1,000,000) per
occurrence and Three Million Dollars ($3,000,000) in the aggregate for all
occurrences within each policy year, or such greater amounts as Landlord may
require provided that such greater amounts are then generally being required by
owners of similar office buildings situated in the general vicinity of the
Building. Tenant shall also procure (i) fire and extended coverage insurance
covering Tenant's personal property, fixtures, equipment and improvements, in an
amount equal to the replacement value of the same and containing the waiver of
subrogation required in Section 6.03 of this Lease, (ii) state worker's
compensation in statutorily mandated limits and employer's liability insurance
with limits of at least Five Hundred Thousand Dollars ($500,000), (iii) business
interruption insurance with coverage for at least one (1) year and (iv) such
other insurance as Landlord may reasonably require from time to time provided
that such other insurance is then generally being required by owners of similar
office buildings situated in the general vicinity of the Building.

(B) All of the foregoing insurance policies (with the exception of worker's
compensation insurance to the extent not available under statutory law) shall
name Landlord, any holder of a Mortgage (as defined in Section 5.01 hereof), any
managing agent for the Building and such other parties as Landlord shall
designate as an additional insured as their respective interests may appear. All
insurance required hereunder shall be placed with companies which are rated A:XI
or better by Best's Insurance Guide and licensed to do business in the state in
which the Building is located and written as primary policies with annual
deductibles not to exceed Ten Thousand Dollars ($10,000), and with any other
policies, including Landlord's policy, serving as excess coverage. Tenant shall
deliver duplicate original copies of all such policies and all endorsements
thereto, prior to the Commencement Date or, in the case of renewals thereto,
fifteen (15) days

                                       15
<PAGE>   29

prior to the expiration of the prior insurance policy, together with evidence
that such policies are fully paid for, and that no change or non-renewal thereof
shall be effective except upon thirty (30) days prior written notice from the
insurer to Landlord. If Tenant shall fail at any time to procure and/or maintain
the insurance required herein, Landlord may procure such insurance on Tenant's
behalf and the cost thereof shall be payable, within thirty (30) days after
demand, as Additional Rent.

Section 4.06 Tenant's Indemnification.

(A) Tenant shall indemnify, defend and hold harmless Landlord and its officers,
directors and employees (collectively, the "Indemnities") from and against any
and all claims, demands, causes of action, judgments, costs, expenses, and all
losses and damages incurred by any of the Indemnities by reason of damage to any
third party arising from Tenant's use of the Premises or from the conduct of its
business or from any acts permitted or suffered by Tenant in or about the
Premises, and shall further indemnify, defend and hold harmless the Indemnities
from and against any and all claims arising from any breach in Tenant's
performance under this Lease, or arising from any act, omission or negligence or
willful or criminal misconduct of Tenant, or any officer, agent, employee,
independent contractor, guest, or invitee thereof, and from all costs,
attorneys' fees and disbursements, and liabilities incurred in the defense of
any such claim or any action or proceeding in any way related to this Lease.
Upon notice from Landlord, Tenant shall defend any such claim, demand, cause of
action or suit at Tenant's expense by counsel satisfactory to Landlord. As a
material part of the consideration to Landlord for this Lease, Tenant hereby
assumes all risk of damage to property or injury to persons in, upon or about
the Premises from any cause, and Tenant hereby waives all claims with respect
thereto against Landlord. Tenant shall give immediate notice to Landlord in case
of casualty or accidents in the Premises. The provisions of this Section 4.06(A)
shall survive the expiration or sooner termination of this Lease.

(B) Landlord or its agents shall not be liable for any loss or damage to persons
or property resulting from fire, explosion, falling plaster, steam, gas,
electricity, water or rain which may leak from any part of the Building or from
the pipes, appliances or plumbing works therein or from the roof, street or
subsurface or from any other places resulting from dampness or any other cause
whatsoever, or from the act or negligence of any other tenant or any officer,
agent, employee, contractor or guest of any such tenant, except personal injury
caused by or due to the negligence or willful or criminal misconduct of
Landlord. In addition, Landlord or its agents shall not be liable for (i)
interference with the electrical service, ventilation, or for any latent defect
in the Premises, (ii) any loss or damage for which Tenant is required to insure
or (iii) any loss or damage resulting from any construction, Alterations or
repair required or permitted to be performed by Tenant under this Lease.

Section 4.07 Utilities. Tenant shall not install any equipment in the Premises
without Landlord's prior written consent if such equipment requires an
electrical current other than 120 volt, single phase, special circuits or
grounding or which, together with all other equipment installed in the Premises,
consumes more than 5 watts per rentable square foot then contained in the
Premises (exclusive of any electrical current consumed by heating and air
conditioning equipment). Tenant shall have the right to utilize any electrical
equipment existing in the Premises as of the date hereof. All costs of the
installation and maintenance of special electrical facilities approved by
Landlord shall be paid by Tenant, as Additional Rent, upon demand. All costs for
extraordinary, unusual or excessive demand by Tenant for electrical or other
utility service and all costs of submetering or monitoring such use shall be
borne by Tenant. Landlord reserves the right to install, at Tenant's expense,
submeters and related equipment, relating to Tenant's use of electrical or other
utility services for the purposes of monitoring and billing any excessive use of
electricity by Tenant. Tenant shall separately arrange with, and pay directly
to, the applicable local public authorities or utilities, as the case may be,
for the furnishing, installation and maintenance of all telephone services and
equipment required by Tenant in the use of the Premises.

Section 4.08 Security Deposit.

(A) As security for the payment by Tenant of all Base Rent and any Additional
Rent and for the faithful performance of all the terms, covenants and conditions
hereof, Tenant shall, subject

                                       16
<PAGE>   30

to the provisions of Sections 4.08(C) and 4.08(D) of this Lease, deposit with
Landlord a clean, irrevocable letter of credit issued by a bank acceptable to
Landlord in its sole judgment in the amount of $380,000.00 in the form annexed
hereto as Exhibit F (the "Letter of Credit"). At any time that Tenant is in
default under this Lease beyond any applicable notice and grace period, Landlord
shall have the right to draw down-the entire Letter of Credit and apply the
proceeds or any part thereof in accordance with provisions of this Section 4.08.
Landlord shall also have the right to draw down the entire Letter of Credit in
the event Landlord receives notice that the date of expiry of the Letter of
Credit will not be extended by the issuing bank, or if the issuer of the Letter
of Credit shall cease to have a net worth of at least Two Hundred Million
($200,000,000.00), as determined by Landlord, or, if the Letter of Credit does
not provide for automatic one-year extensions of the term of such Letter of
Credit, the last of which renewals shall expire 30 days after the Expiration
Date, or if a replacement letter of credit, issued in accordance with this Lease
in form satisfactory to Landlord, is not delivered at least thirty (30) days
before the expiration of the Letter of Credit which is then held by Landlord. If
Landlord shall have drawn down the Letter of Credit and applied all or a portion
thereof in accordance with the terms of this Section 4.08, then Tenant shall
deposit with Landlord, within five (5) business days after notice from Landlord,
an amount of cash sufficient to bring the balance of the cash then being held by
Landlord under this Section 4.08 to the amount of the Security Deposit. The
failure by Tenant to deposit such additional amount within the foregoing time
period shall be deemed a default pursuant to Section 7.01 of this Lease.
Provided Tenant is not in default hereunder, Tenant may at any time after the
end of each Rent Year (i) deliver an amendment to the Letter of Credit to reduce
the amount thereof to the Reduced Amount (as hereinafter defined) or (ii)
deliver a substitute clean, irrevocable and unconditional letter of credit to
Landlord in such Reduced Amount issued by a bank acceptable to Landlord in
accordance with the terms hereof and otherwise in the form annexed hereto as
Exhibit F (a "Substitute Letter of Credit"). "Reduced Amount" shall mean (i)
$317,000.00 after the end of Rent Year 2, (ii) $253,000.00 after the end of Rent
Year 3, (iii) $190,000.00 after the end of Rent Year 4, (iv) $126,654.00 after
the end of the Rent Year 5, and (v) $63,308.00 after the end of Rent Year 6.
Upon receipt of the Substitute Letter of Credit, or replacement thereof, as the
case may be, delivered in compliance with all the provisions of this Subsection
4.08(B), Landlord shall return the Letter of Credit or prior Substitute Letter
of Credit, as applicable, to Tenant. The Letter of Credit or Substitute Letter
of Credit, as applicable, shall not be construed as liquidated damages, and if
Landlord's claims hereunder exceed the Letter of Credit or Substitute Letter of
Credit, as the case may be, Tenant shall remain liable for the balance of such
claims.

(B) In lieu of the Letter of Credit, Tenant may deposit with Landlord cash equal
to the amount of the Security Deposit. If, at any time during the Term, Tenant
does not fulfill any of its obligations under this Lease, Landlord shall have
the right to use all or part of the cash Security Deposit to satisfy such
obligations. Landlord agrees to segregate the cash Security Deposit from other
funds and to deposit the Security Deposit in an interest bearing money market
bank account with Citibank N.A. or such other bank which is acceptable to
Landlord and Tenant. The interest shall be added to and held as part of the
Security Deposit subject to and in accordance with the provisions of this Lease.
Landlord shall not be required to credit Tenant with any interest for any period
during which Landlord does not receive interest on the Security Deposit, nor
shall Landlord have any liability or obligation for loss of all or any portion
of the Security Deposit by reason of the insolvency or failure of the bank in
which the Security Deposit is deposited. If, at any time during the Term, Tenant
does not fulfill any of its obligations under this Lease, Landlord shall have
the right to use the Security Deposit, or so much thereof as necessary, to
satisfy such obligations. If any portion of the cash Security Deposit is used,
applied, or retained by Landlord as herein permitted, then within five (5)
business days after written demand therefor, Tenant shall deposit with Landlord
an amount sufficient to restore the cash Security Deposit to its original or
adjusted amount. Provided Tenant is not then in default hereunder, Landlord
shall, at the end of each Rent Year, return to Tenant any portion of the
Security Deposit then held by Landlord, together with all accrued interest
thereon, which is in excess of the then applicable Reduced Amount. It Tenant
fully performs every term, covenant, condition and obligation of this Lease, the
cash Security Deposit (or any balance thereof), together with all accrued
interest thereon, shall be returned to Tenant after the expiration of the Term.
Landlord may deliver the cash Security Deposit to any purchaser of Landlord's
interest in the Premises if such interest is sold, in which event Landlord shall
be discharged from any further liability with respect to the Security Deposit.
The Security Deposit shall not be construed as liquidated damages, and if

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<PAGE>   31

Landlord's claims hereunder exceed the Security Deposit, Tenant shall remain
liable for the balance of such claims.

(C) Simultaneously with the execution of this Lease, Landlord is entering into a
lease (the "CMSFS Lease") with Capital Management Strategies Financial Services,
Inc. ("CMSFS") for approximately 8,543 square feet of rentable area in the
Building (the "CMSFS Space"). Notwithstanding anything herein to the contrary,
it is the express intention of Landlord, Tenant and CMSFS that (i) Tenant and
CMSFS shall, subject to the provisions of Section 4.08(D) below, be jointly and
severally liable under the Lease and the CMSFS Lease for providing (x) one or
more Letters of Credit in the initial aggregate amount of $380,000.00, and (y)
for providing all Substitute Letters of Credits in the applicable amounts set
forth above; (ii) that CMSFS and Tenant shall determine between themselves that
portion of the Letter of Credit or Substitute Letter of Credit, as applicable,
that each shall be obligated to post; (iii) that any default by CMSFS under the
CMSFS Lease beyond the applicable notice and cure period shall also constitute a
default by Tenant under this Lease such that Landlord can use the Letter of
Credit or Substitute Letter of Credit, as applicable, that is required to be
posted under (x) this Lease to cure (A) a default by Tenant under this Lease
beyond the applicable notice and cure period, and/or (B) a default by CMSFS
under the CMSFS Lease beyond the applicable notice and cure period, and (y) the
CMSFS Lease to cure (A) a default by Tenant under this Lease beyond the
applicable notice and cure period, and/or (B) a default by CMSFS under the CMSFS
Lease beyond the applicable notice and cure period. It is expressly understood
and agreed that when this Lease and the CMSFS Lease are executed, the total
amount of the Security Deposit that is required to be posted under this Lease
and the CMSFS Lease shall be Three Hundred Eighty Thousand and 00/100 Dollars
($380,000.00) in the aggregate (and not $380,000.00 per lease).

(D) Despite the foregoing, (i) Landlord shall draw down fully on the letter of
credit that was posted by CMSFS to cure a default by CMSFS under the CMSFS Lease
prior to drawing down on Tenant's letter of credit, (ii) except for drawing down
Tenant's letter of credit to cure a default by CMSFS, Landlord shall not be
permitted to cross-default Tenant's Lease on the basis of a default by CMSFS
under the CMSFS Lease, and (iii) in the event that Tenant's letter of credit has
been drawn upon to cure a default by CMSFS under the CMSFS Lease, then Tenant
shall not be obligated to restore such letter of credit to the balance then
being held by Landlord.

Section 4.09 Signs. Tenant shall not, without the prior written consent of
Landlord erect or install any type of exterior or interior window or door signs,
or any other type of sign or placard, whether within or without the Building.
All signs and placards must comply with the sign criteria promulgated by
Landlord for the Building and all applicable laws. Landlord shall not
unreasonably withhold its consent with respect to any interior signs which
comply with the sign criteria promulgated by Landlord for the Building and all
applicable laws. Tenant shall pay all costs of fabrication, installation and
maintenance of all permitted signs or placards (other than building directory
signs). Prior to vacating the Premises, Tenant shall, at its expense, promptly
remove its sign(s) and placards, and upon the removal or alteration of any of
its sign(s) and placards for any reason, Tenant shall restore the surface
beneath such signs or placards damaged by such removal.

Section 4.10 Tenant's Option to Extend.

(A) Tenant shall have the right, at its option, to extend the Term for a single
five (5) year period (the "Extension Term"). The Extension Term shall commence
on the day after the Expiration Date and shall expire on the fifth (5th)
anniversary of the Expiration unless the Extension Term shall sooner end
pursuant to any of the terms, covenants or conditions of this Lease or pursuant
to law. Subject to Section 4.10(B), provided this Lease shall then be in full
force and effect and Tenant shall not be in default hereunder beyond any
applicable notice or grace period, Tenant may exercise its option to extend the
Term by giving Landlord written notice of such election no sooner than three
hundred sixty-five (365) days and no later than two hundred seventy (270) days
prior to the Expiration Date, the time of exercise being of the essence, and
upon the giving of such notice, this Lease and the Term shall be extended
without execution or delivery of any other or further documents, with the same
force and effect as if the Extension Term had originally been included in the
Term and the Expiration Date shall thereupon be deemed to be the last day of the
Extension Term. Notwithstanding Tenant's exercise of its

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<PAGE>   32

option under this Subsection (A), at Landlord's option the Extension Term shall
not commence if Tenant shall be in default hereunder beyond any applicable
notice and grace period as of the Expiration Date, in which event the Term shall
expire on the Expiration Date and the provisions of this Section shall be deemed
null and void and of no further force or effect. All of the terms, covenants and
conditions of this Lease shall continue in full force and effect during the
Extension Term, including items of Additional Rent and escalations which shall
remain payable on the terms herein set forth, except that (i) the Base Rent
shall be as determined in accordance with Subsection (B) of this Section 4.10,
(ii) for the purposes of Calculating Operating Expenses pursuant to Section
3.03(A), the term Base Operating Year shall mean the calendar year in which the
first day of the Extension Term shall occur, and (iii) Tenant shall have no
further right to extend the Term of this Lease pursuant to this Section 4.10.

(B) The annual Base Rent payable by Tenant for the Premises during the Extension
Term shall be the fair market rental value of the Premises determined as of the
day immediately preceding the Extension Term. Immediately after the exercise by
Tenant of its option under Subsection (A) above, or upon Tenant's request to
determine the annual Base Rent for the Premises payable during the Extension
Term given no sooner than three hundred sixty-five (365) days prior to the
Expiration Date but prior to the exercise by Tenant of its option under
Subsection (A) above, Landlord and Tenant shall use their best efforts to agree
upon the fair market rental value of the Premises. In the event Landlord and
Tenant cannot reach agreement within thirty (30) days after the date of Tenant's
notice of exercise of its option, Landlord and Tenant shall confer and appoint a
reputable, qualified, licensed real estate broker having an office in the County
in which the Building is located who is familiar with the rentals then being
charged in the Building and in comparable buildings in the North Bethesda market
(the "Independent Broker"). Upon the failure of Landlord and Tenant to agree
upon the designation of the Independent Broker, then upon ten (10) days' notice,
either party may apply to any court of the state in which the Building is
located which exercises primary jurisdiction over general commercial litigation
to appoint the Independent Broker. Concurrently with such appointment, Landlord
and Tenant shall each submit a letter to the Independent Broker, with a copy to
the other, setting forth their respective estimates of the fair market rental
value of the Premises, taking into consideration the duration of the Extension
Term and all other terms and conditions of this Lease which are applicable to
the Extension Term (respectively, "Landlord's Letter" and "Tenant's Letter").
The Independent Broker shall use his best efforts to determine the fair market
rental value of the Premises during the Extension Term and shall choose the fair
market rental value set forth in either Landlord's Letter or Tenant's Letter to
be the Base Rent during the Extension Term. The fees and expenses of the
Independent Broker and all costs incurred in connection with the appointment of
the Independent Broker shall be shared equally by Landlord and Tenant.

(C) In the event the Extension Term shall commence prior to a determination of
the Base Rent during the Extension Term having been made in accordance with
Subsection (B) of this Section 4.10, then the Base Rent to be paid by Tenant to
Landlord until such determination has been made shall be the fair market rental
value (as is set forth in Landlord's Letter) plus all sums payable pursuant to
Sections 1.05 and 3.01, as modified pursuant to the provisions of Subsection (A)
hereof and any other Additional Rent. After such determination has been made for
the Base Rent during the Extension Term, any excess rental for the Extension
Term theretofore paid by Tenant to Landlord shall be credited by Landlord
against the next ensuing monthly Base Rent payable by Tenant to Landlord and any
deficiency in Base Rent due from Tenant to Landlord during the Extension Term
shall be immediately paid.

Section 4.11 Expansion Premises.

(A) Provided that (i) Tenant is not in default (beyond the expiration of any
applicable notice and cure period) of its obligations under this Lease, and (ii)
Landlord receives a bona fide offer that Landlord is willing to accept to lease
approximately three thousand seven hundred eighty (3,780) rentable square feet
of space, located on the third (3rd) floor of the Building that is designated as
the "Expansion Premises" on Exhibit G hereto (the "Expansion Premises"),
Landlord shall deliver a written notice to Tenant (the "Expansion Notice"). In
the event Tenant desires to lease all (but not less than all) of the Expansion
Premises, then Tenant shall, within ten (10) days after its receipt of the
Expansion Notice, deliver a notice (the "Acceptance Notice") to Landlord which
states that Tenant desires to lease the entire Expansion Premises. In the event

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<PAGE>   33

that Tenant fails to deliver the Acceptance Notice to Landlord prior to the
expiration of the applicable ten (10) day period, then, except as provided in
Section 4.11(C) below, Tenant shall have no further right to lease the Expansion
Premises.

(B) In the event that Tenant delivers the Acceptance Notice to Landlord prior to
the expiration of the applicable ten (10) day period, then Landlord shall lease
the Expansion Premises to Tenant upon the following terms and conditions: (i)
the commencement date of the Lease with respect to the Expansion Premises (the
"Expansion Premises Commencement Date") shall be the date that Landlord tenders
possession of the Expansion Premises; (ii) the expiration date of the Lease with
respect to the Expansion Premises shall be coterminous with the term of the
Lease (iii) the Base Rent for the Expansion Premises shall be the product of
3,780 multiplied by the amount per rentable square foot as then escalated that
Tenant is then paying as the Base Rent (iv) "Tenant's Pro Rata Share" shall be
increased to reflect the additional rentable square footage that is contained
within the Expansion Premises; (v) Tenant shall lease the Expansion Premises
from Landlord in its then "as-is" condition, (vi) in lieu an improvement
allowance or construction allowance, Landlord shall provide Tenant with a
construction allowance equal to the product 01 (x) Fifty-Six Thousand Seven
Hundred and No/l00 Dollars ($56,700.00) [i.e., $15.00 multiplied times 3,780],
multiplied by (y) a fraction, the numerator of which shall be the number of
monthly which will remain in the initial term of the Lease as of the "Expansion
Premises Rent Commencement Date" (as defined below) and the denominator of which
shall be eighty-four (84); (vii) the rent commencement date with respect to the
Expansion Premises (the "Expansion Premises Rent Commencement Date") shall be
the date that is sixty (60) days after the date that Landlord tenders possession
of the Expansion Premises provided, however, if Landlord does not provide Tenant
with at least fifteen (15) days prior notice of the date that Landlord will
tender the Expansion Premises to Tenant, such sixty (60) day period shall be
extended on a day for day basis (not to exceed fifteen (15) days in the
aggregate) for each day that Landlord fails to provide such fifteen (15) days
prior notice; and (viii) the Base Rent that is then payable with respect to the
Expansion Premises shall be increased on an annual basis on the same date and by
the same increase per rentable square foot, that the Base Rent is increased;
(ix) Tenant shall be entitled to ten (10) additional parking contracts in
connection with its leasing of the Expansion Premises; and (x) Landlord shall
approve or disapprove of Tenant's plans and specifications for the Expansion
Premises within seven (7) business days after Landlord receives the same. Except
as set forth in the sentence which immediately precedes this sentence, Tenant
shall lease the Expansion Premises from Landlord upon all of the terms and
conditions that are applicable to Tenant's leasing of the Premises. In the event
Tenant timely delivers the Acceptance Notice to Landlord, then Landlord and
Tenant shall, upon ten (10) days prior notice from Landlord, enter into a lease
amendment to reflect the foregoing terms and conditions upon which Tenant is
leasing the Expansion Premises.

(C) In the event that (i) Landlord has delivered the Expansion Notice to Tenant,
(ii) Tenant did not exercise its right to lease the Expansion Premises, (iii)
either (x) the term of the lease for the Expansion Premises for the tenant who
was the subject of the bona fide offer has ended, or (y) Landlord did not ever
enter into a lease with such proposed tenant for the Expansion Premises, and
(iv) Landlord receives a bona fide offer to lease the Expansion Premises that
Landlord is willing to accept, then provided that Tenant is not in default under
the Lease, Landlord shall deliver a written notice to Tenant (the "Expansion
Notice"). In the event Tenant desires to lease all (but not less than all) of
the Expansion Premises, then Tenant shall, within ten (10) days after its
receipt of the Expansion Notice, deliver a notice (the "Acceptance Notice") to
Landlord which states that Tenant desires to lease the Expansion Premises. In
the event that Tenant fails to deliver the Acceptance Notice to Landlord prior
to the expiration of the applicable ten (10) day period, then Tenant shall have
no further right to lease the Expansion Premises.

(D) In the event that Tenant delivers the Second Acceptance Notice to Landlord
prior to the expiration of the applicable ten (10) day period, then Landlord
shall lease the Expansion Premises to Tenant upon the following terms and
conditions: (i) the commencement date of the Lease with respect to the Expansion
Premises (the "Expansion Premises Commencement Date") shall be the date that
Landlord tenders possession of the Expansion Premises; (ii) the expiration date
of the Lease with respect to the Expansion Premises shall be coterminous with
the term of the Lease with respect to the balance of the space being leased by
Tenant in the Building; (iii) the Base Rent for the Expansion Premises shall be
the fair market rent for such space after taking into

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<PAGE>   34

account the construction allowance for such space which shall be made available
for Tenant in accordance with clause (vi) below, which fair market rent shall be
determined in accordance with the procedures set forth in Section 4.10(B) of the
Lease, except that the parties shall select the "Independent Broker" (as defined
in the Lease) within ten (10) days after the date that Tenant delivers the
Acceptance Notice; (iv) "Tenant's Expansion Space Pro Rata Share" shall be
increased to reflect the additional rentable square footage that is contained
within the Expansion Premises; (v) Tenant shall lease the Expansion Premises
from Landlord in its then "as-is" condition, (vi) in lieu of an improvement
allowance or construction allowance, Landlord shall provide Tenant with a
construction allowance equal to the product of (x) Fifty-Six Thousand Seven
Hundred and No/100 Dollars ($56,700.00) [i.e., $15.00 multiplied times 3,780],
multiplied by (y) a fraction, the numerator of which shall be the number of
months which will remain in the initial term of the Lease as of the Expansion
Premises Rent Commencement Date and the denominator of which shall be
eighty-four (84); (vii) the rent commencement date with respect to the Expansion
Premises (the "Expansion Premises Rent Commencement Date") shall be the date
that is sixty (60) days after the date that Landlord tenders possession of the
Expansion Premises provided, however, if Landlord does not provide Tenant with
at least fifteen (15) days prior notice of the date that Landlord will tender
the Expansion Premises to Tenant, such sixty (60) day period shall be extended
on a day for day basis (not to exceed fifteen (15) days in the aggregate) for
each day that Landlord fails to provide such fifteen (15) days prior notice; and
(viii) the Base Rent that is then payable with respect to the Expansion Premises
shall be increased on an annual basis on the same date, and by the same increase
per rentable square foot, that the Expansion Premises Base Rent is increased;
(ix) Tenant shall be entitled to ten (10) additional parking contracts in
connection with its leasing of the Expansion Premises; and (x) Landlord shall
approve or disapprove of Tenant's plans and specifications for the Expansion
Premises within seven (7) business days after Landlord receives the same. Except
as set forth in the sentence which immediately precedes this sentence, Tenant
shall lease the Expansion Premises from Landlord upon all of the terms and
conditions that are applicable to Tenant's leasing of the Expansion Premises. In
the event Tenant timely delivers the Acceptance Notice to Landlord, then Tenant
shall, upon ten (10) days prior notice from Landlord, enter into a lease
amendment to reflect the foregoing terms and conditions upon which Tenant is
leasing the Expansion Premises.

Section 4.12 Satellite Antenna

(A) Provided this Lease shall be in full force and effect and Tenant shall not
be in default hereunder beyond any applicable grace period, Tenant may, at its
sole cost and expense, install and operate during the Term, a satellite antenna
receiving dish or terrestrial microwave antenna (hereinafter the "Satellite
Antenna") on the roof of the Building at a location (hereinafter the
"Installation Area") to be designated by Landlord, and reasonably acceptable to
Tenant. The installation of such Satellite Antenna shall be subject to the
following:

      (1) Tenant shall not install or operate the Satellite Antenna until it
      receives prior written approval from Landlord, which approval Landlord
      agrees shall not be unreasonably withheld, conditioned or delayed
      provided, and on the condition, that Tenant submits plans and
      specifications for the installation of the Satellite Antenna which are
      reasonably acceptable to Landlord. Prior to commencing such installation
      Tenant shall provide Landlord with (i) copies of all required governmental
      and quasi-governmental permits, licenses and authorizations which Tenant
      will obtain at its own expense and which Tenant will maintain at all times
      during the operation of the Satellite Antenna; and (ii) a Certificate of
      Insurance evidencing insurance coverage as required by this Lease and any
      other insurance reasonably required by Landlord for the installation and
      operation of the Satellite Antenna. Landlord may withhold approval if the
      installation or operation of the Satellite Antenna may damage the
      structural integrity of the Building.

      (2) Tenant warrants and represents that (i) Tenant shall repair in a good
      and workmanlike manner any damage to the roof of the Building caused by
      the installation or operation of the Satellite Antenna, (ii) the
      maintenance of the Satellite Antenna on the roof or the operation thereof
      shall not cause interference with any telecommunications, mechanical or
      other systems either then located at or servicing the Building (whether
      belonging to or utilized by Landlord or any other tenant or occupant of
      the Building) or then located at or servicing any building, premises or
      location in the vicinity of the

                                       21
<PAGE>   35

      Building limited however to that permissible under applicable F.C.C.
      regulations to the extent that such regulations apply, (iii) the
      installation, existence, maintenance and operation of the Satellite
      Antenna shall not constitute a violation of any applicable laws,
      ordinances, rules, orders, regulations, etc. of any Federal, State, county
      and Municipal authorities having jurisdiction thereover.

      (3) The installation of the Satellite Antenna shall be made subject to and
      in accordance with all of the provisions of this Lease. The contractors
      performing the installation of the Satellite Antenna and/or performing any
      work on or to the roof of the Building shall be approved or designated by
      Landlord prior to the commencement of any work.

      (4) Tenant covenants and agrees that the installation, operation and
      removal of the Satellite Antenna will be at its sole risk. Tenant agrees
      to indemnify and defend Landlord against all claims, actions, damages,
      liabilities and expenses including reasonable attorney's fees and
      disbursements in connection with the loss of life, personal injury, damage
      to property or business or any other loss or injury or as a result of any
      litigation arising out of the installation, operation or removal of the
      Satellite Antenna.

      (5) Landlord, at its sole option, may require Tenant, at any time prior to
      the Expiration Date, to terminate the operation of the Satellite Antenna
      if it is causing physical damage to the structural integrity of the
      Building, interfering with any other service provided to other tenants in
      the Building, interfering with any other tenant's business, in excess of
      that permissible under F.C.C. regulations to the extent that such
      regulations apply and such regulations shall not require such tenants or
      those providing such services to correct such interference.
      Notwithstanding the foregoing, if Tenant can correct the damage or
      disturbance caused by the Satellite Antenna to Landlord's reasonable
      satisfaction, Tenant may restore its operation. If the Satellite Antenna
      is not corrected and restored to operation within thirty (30) days,
      Landlord, at its sole option, may require that Tenant remove the Satellite
      Antenna at its own expense.

      (6) At the expiration or sooner termination of this Lease, or upon
      termination of the operation of the Satellite Antenna, or revocation of
      any license issued, Tenant shall remove the Satellite Antenna from the
      Building at its sole cost and expense. Tenant shall leave the Installation
      Area in good order and repair. If Tenant does not remove the Satellite
      Antenna when so required, Tenant hereby authorizes Landlord to remove and
      dispose of the Satellite Antenna and to charge Tenant for all costs and
      expenses incurred.

                                    ARTICLE 5

                         Landlord's Covenants and Rights

Section 5.01 Quiet Environment and Subordination.

(A) Landlord covenants and agrees that, upon performance by Tenant of all of the
terms, covenants, obligations, conditions and provisions hereof on Tenant's part
to be kept and performed, Tenant shall have, hold and enjoy the Premises,
subject and subordinate to the terms and conditions of this Lease.

(B) This Lease is subject and subordinate to any reciprocal easement agreements
or any other easements (each, an "Easement") and to any renewals, modifications,
increases, extensions, replacements and substitutions of any thereof now or
hereafter affecting the Premises and/or the Building. In addition, this Lease is
subject, and, provided that a non-disturbance agreement as described in Section
5.01(C) hereof is delivered with respect thereto, subordinate to all ground or
underlying leases (each, a "Superior Lease"); any mortgage, deed of trust or
deed to secure debt (each, a "Mortgage"); and to any renewals, modifications,
increases, extensions, replacements, and substitutions of any thereof now or
hereafter affecting the Premises and/or the Building. Tenant shall execute and
deliver, upon request, such further instrument(s) in recordable form confirming
this subordination as may be requested by Landlord, or the holder of any
Mortgage or the lessor under any Superior Lease provided that a non-disturbance
agreement as described in Section 5.01(C) hereof is delivered with respect to
the applicable Mortgage or

                                       22
<PAGE>   36

Superior Lease. Notwithstanding anything to the contrary contained herein, at
the option of the holder of any Mortgage, this Lease shall be made superior to
such Mortgage by the insertion therein of a declaration that this Lease is
superior.

(C) Tenant agrees that Landlord may assign the rents and its interest in this
Lease to the holder of any Mortgage. In the event of such an assignment, Tenant
shall give the holder of such Mortgage a copy of any request for performance by
Landlord or any notice of default by Landlord, and, in the event Landlord fails
to cure any such default, Tenant shall give such holder a reasonable period,
commencing on the last day on which Landlord could cure such default, in which
to cure same.

(D) Landlord hereby represents that there are no Superior Leases affecting the
Building as of the date hereof. Landlord shall use reasonable efforts (which
efforts shall not require Landlord to expend any sum of money) to obtain a
non-disturbance agreement from the holder of any Mortgage or from the lessor
under any Superior Lease hereafter encumbering the Building in the form annexed
hereto as Exhibit I or in the standard form of any such holder or lessor which
shall provide in substance that so long as Tenant is not in default under this
Lease beyond any applicable notice and grace period (a) Tenant shall not be
joined as a party defendant (unless required by applicable law) (i) in any
action or proceeding which may be instituted or taken by any lessor under a
Superior Lease for the purpose of terminating the Superior Lease by reason of
any default thereunder or (ii) in any foreclosure action or proceeding which may
be instituted by the holder of a Mortgage, and (b) Tenant shall not be evicted
from the Premises, nor shall Tenant's leasehold estate or right to possession of
the Premises be terminated or disturbed by reason of any default under any
Superior Lease or Mortgage. Any non-disturbance agreement may also provide that
Tenant will, at the option of the holder of any Mortgage or the lessor under any
Superior Lease, either (i) attorn to such holder or lessor and perform for its
benefit all the terms, covenants and conditions to be performed by Tenant under
this Lease with the same force and effect as if the holder or lessor were the
Landlord originally named in this Lease or (ii) enter into a new lease with the
lessor under the Superior Lease or the holder of any Mortgage or their
respective successors or assigns for the balance of the Term on the same terms
and conditions as contained in this Lease. Landlord's failure to obtain a
non-disturbance agreement from the holder of any future Mortgage or the lessor
of any future Superior Lease encumbering the Building shall not relieve or
release Tenant from any of its obligations under this Lease, provided that, in
such event, this Lease shall be superior to the applicable future Superior Lease
or future Mortgage.

Section 5.02 Landlord's Services.

(A) During the Term, Landlord shall operate and maintain the Building in
accordance with the standards generally prevailing in the operation and
maintenance of similar quality Class A office buildings situated in the general
vicinity of the Building and in accordance with all applicable laws and
regulations. Subject to the payment by Tenant of Base Rent and any Additional
Rent, Landlord shall provide the following services:

      (1)   Landlord shall provide the following services to the Premises:

            (a) Heating and air conditioning in season at such temperatures and
            in such amounts as shall be considered by Landlord to be building
            standard on weekdays, from 8:00 a.m. to 6:00 p.m. and on Saturdays
            from 9:00 a.m. to 1:00 p.m. Sundays, legal holidays (which for
            purposes of this Lease shall mean New Year's Day, Presidents' Day
            (Observed), Memorial Day (Observed), Independence Day (Observed),
            Labor Day (Observed), Thanksgiving Day and Christmas) and any hours
            other than those specified herein as building standard shall not be
            deemed usual and customary business hours, and such service will be
            provided at these times only if Tenant shall request same within a
            reasonable period of time prior to the need for such services.
            Tenant shall pay for such services at Landlord's actual cost
            therefor, as Additional Rent, within thirty (30) days after
            rendition of a bill therefor, at the rate for such services at the
            Building as determined by Landlord, subject to a minimum usage fee
            based upon the minimum overtime labor for the Building. Whenever
            equipment that generates abnormal heat which

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<PAGE>   37

            affects the temperature otherwise maintained by the air conditioning
            system is used in the Premises, Landlord shall have the right to
            install supplemental air conditioning equipment in the Premises, and
            the cost thereof, including the cost of installation, operation,
            electrical use, maintenance and metering, shall be paid by Tenant to
            Landlord, as Additional Rent, on demand.

            (b) Electrical energy (not exceeding the present electrical capacity
            of the Premises) upon the following terms and conditions: (i)
            Landlord shall be responsible for replacing all light bulbs,
            fluorescent lamps, and all ballasts used by the Tenant in the
            Premises, except that Tenant shall be responsible for replacing the
            same in non-building standard fixtures; (ii) all equipment required
            to obtain additional electrical energy for Tenant from the public
            utility company shall be installed and maintained by Landlord at
            Tenant's expense; and (iii) Landlord shall not be liable for damages
            or consequential damages or in any other way in the event of loss,
            damage, failure, interruption, defect or change in the quantity or
            character or supply of electricity furnished to the Premises or of
            any other utility and Tenant agrees that such supply may be
            interrupted for inspection, repairs, replacement or in case of
            emergency.

            (c) Janitor service five (5) days per week (excluding legal
            holidays) in accordance with the cleaning specifications set forth
            on Exhibit H annexed hereto).

            (d) Access by way of a 24-hour access system the same as or
            substantially similar to that which is used in the Building as of
            the date hereof (with the provision of up to forty-nine (49) access
            cards at Landlord's expense and, provided that no more than
            forty-nine (49) access cards shall be available to Tenant at any
            given time, additional cards at Tenant's expense) or such other
            24-hour access system which in the future is then generally used in
            similar quality Class A office buildings in the general vicinity of
            the Building, twenty-four (24) hours a day, seven (7) days a week,
            three hundred sixty-five (365) days a year, with access to at least
            one (1) elevator in operation after normal business hours.

      (2)   Landlord shall provide the following services in the Office
            Building:

            (a) Hot and cold water;

            (b) Elevator service in common with other tenants; and

            (c) Heat, ventilation, cooling, lighting, electrical service and
            domestic running water, in those areas of the Office Building
            designated by Landlord for use during normal business hours by
            Tenant in common with other tenants and persons in the Office
            Building.

      (3) Landlord shall maintain and repair the foundations, structure and roof
      of the Office Building and shall operate, maintain, repair and replace the
      systems, facilities and equipment directly necessary to provide the
      services described in this Section 5.02 (unless same are installed by or
      are the property of Tenant); provided that:

            (a) Landlord shall use reasonable diligence in carrying out its
            obligations under this Section 5.02, but shall not be liable under
            any circumstances for any damages (including consequential damages)
            for any failure to do so;

            (b) No reduction or discontinuance of the services described in this
            Section 5.02 shall be construed as an eviction of Tenant or release
            Tenant from any of its obligations under this Lease;

            (c) Landlord shall have no liability to Tenant, its employees,
            agents, invitees or licensees for damages or consequential damages
            or in any other way for losses

                                       24
<PAGE>   38

            due to any criminal act or for damage done by unauthorized persons
            on the Premises or in the Building; and

            (d) Tenant shall reimburse Landlord for the cost of any repairs or
            maintenance performed by Landlord if the need for same arose as a
            result of the negligence or criminal or willful misconduct of Tenant
            or its agents, employees, contractors, invitees and licensees.

Section 5.03 Alterations and Entry by Landlord.

(A) Landlord may from time to time: (i) make repairs, replacements, changes or
additions to the structure, systems, facilities and equipment in the Premises
where necessary to service the Premises or other parts of the Building; (ii)
make changes in or additions to any part of the Building not in or forming part
of the Premises; (iii) change or alter the location of any areas of the Building
which may be designated by Landlord for use during normal business hours by
Tenant in common with other tenants and persons in the Office Building but under
the exclusive control of Landlord; and (iv) grant easement(s) on, over, under
and above the Premises. Landlord, its agents and representatives shall have the
right to enter the Premises by any and all means at any time in case of an
emergency, and at all reasonable times for any purpose permitted hereunder,
including, but not limited to, showing the Premises to prospective purchasers or
mortgagees and, during the last six (6) months of the term, prospective tenants,
and posting notices of non-responsibility. Tenant shall give Landlord a key for
all of the doors of the Premises.

(B) In performing its covenants under this Article 5, Landlord shall use
reasonable efforts to minimize interference with the conduct of Tenant's
business in connection with the performance by Landlord of any work or the
provision of any services required or permitted hereunder.

Section 5.04 Landlord's Right to Cure. All agreements, covenants and conditions
to be performed by Tenant under this Lease shall be at Tenant's expense and
without any abatement of Base Rent or any Additional Rent. If Tenant shall fail
to perform any act or to pay any sum of money (other than Base Rent) required of
Tenant hereunder within ten (10) days after notice (or without notice in an
emergency), then Landlord may, without waiving or releasing Tenant from any of
its obligations hereunder, make such payment or perform such act on behalf of
Tenant. All sums paid and all costs incurred by Landlord in taking such action
shall be deemed Additional Rent and shall be paid to Landlord on demand.

Section 5.05 Abatement Condition.

(A) In the event Landlord fails to provide an Essential Service (as hereinafter
defined) which Landlord is required to provide to the Premises pursuant to the
terms of Section 5.02 of this Lease (an "Abatement Condition") which prevents
Tenant from occupying all or a material portion of the Premises (the "Abatement
Space") (unless such failure results from Tenant's acts or omissions or by
reason of force majeure), then Tenant may elect, by notice to Landlord, to have
Base Rent abate, subject to the following additional provisions having occurred
in each instance:

      (i) With respect to the Abatement Condition in question, Tenant shall have
      given notice to Landlord of the occurrence thereof, which notice shall
      designate the cause of the Abatement Condition and the portion of the
      Premises which is not occupiable by Tenant and the Abatement Condition in
      question shall have continued after Tenant has given notice, for a period
      of not less than seven (7) consecutive business days; and

      (ii) Tenant, solely because of the occurrence of the Abatement Condition,
      has actually vacated the Abatement Space for not less than seven (7)
      consecutive business days after the giving of notice of the Abatement
      Condition.

            If, with respect to the Abatement Condition in question, the
conditions of this Section 5.05(A) are fulfilled, then Base Rent shall abate, in
the proportion that rentable square foot area of the Abatement Space actually
vacated bears to the rentable square foot area of the

                                       25
<PAGE>   39

Premises, for a period equal to the lesser of (i) the period during which Tenant
has actually vacated the Abatement Space, but commencing no sooner than the day
after the giving of notice of the Abatement Condition and (ii) the period of
time between Tenant's having vacated the Abatement Space, but commencing no
sooner than the day after the giving of notice of the Abatement Condition, and
ending on the date following receipt by Tenant of notice of the curing of the
Abatement Condition. Tenant agrees that the giving of notice of the Abatement
Condition shall be an election of remedies, and Tenant shall be deemed to have
waived any other rights against Landlord in law or in equity, including, but not
limited to, an action for money damages in connection with the Abatement
Condition in question. For purposes hereof, an "Essential Service" shall mean
the services provided by the HVAC systems, life safety systems, mechanical
systems, plumbing and waste disposal systems, and electrical system (to the
extent required to be supplied by Landlord).

(B) Anything herein to the contrary notwithstanding, except if required by any
governmental regulation, in the event Landlord falls to provide HVAC service
pursuant to Section 5.02 hereof so as to maintain the temperature within the
majority of the area of the Premises between 68(degrees) F and 780(degrees) F on
building standard days and hours as specified in said Section 5.02 (an "HVAC
Abatement Condition") (unless such failure results from Tenant's acts or
omissions or by reason of force majeure), then Tenant may elect, by notice to
Landlord, to have Base Rent abate, subject to the following additional
provisions having occurred in each instance:

      (i) with respect to the HVAC Abatement Condition in question, Tenant shall
      have given notice to Landlord of the occurrence thereof; and

            (ii) the HVAC Abatement Condition in question shall have continued
            after Tenant has given notice, for more than 4 hours per day during
            normal business hours and a period of not less than five (5)
            consecutive business days (which five (5) business day period shall
            be extended one (1) day for each day of delay caused by time
            required by Landlord to obtain equipment required to remedy such
            condition or any other Force Majeure Event).

            If, with respect to the HVAC Abatement Condition in question, the
conditions of this Section 5.05(B) are fulfilled, then Base Rent shall abate in
its entirety, for a period (i) commencing on the day after the giving of notice
of the HVAC Abatement Condition and (ii) ending on the date following, receipt
by Tenant of notice of the curing of the HVAC Abatement Condition. Tenant agrees
that the giving of notice of the HVAC Abatement Condition shall be an election
of remedies, and Tenant shall be deemed to have waived any other rights against
Landlord in law or in equity, including, but not limited to, an action for money
damages in connection with the HVAC Abatement Condition in question.

Section 5.06 Landlord's Insurance. Subject to reimbursement as an Operating
Expense as provided in Section 3.01 hereof, Landlord shall procure and maintain
in effect throughout the Term of this Lease, (i) Commercial General Liability
Insurance covering the common areas of the Building against claims for bodily
injury or death or property damage occurring upon, in or about such areas, and
(ii) "all-risk" insurance covering not less than eighty percent (80%) of the
replacement value of the Building (excluding all foundations, fixtures and
property required to be insured by Tenant under Section 4.05 hereof or by any
other tenant of the Building under its lease), in such amounts and with such
coverages and endorsements as Landlord deems reasonably prudent.

Section 5.07 Landlord's Indemnification. Landlord shall indemnify, defend and
hold harmless Tenant and its officers, directors and employees (collectively,
"Tenant Indemnitees") from and against any and all claims, demands, causes of
action, judgments, costs and expenses, and all losses and damages incurred by
any of the Tenant Indemnitees by reason of damage to any third party resulting
from any occurrence within the common areas of the Building without any
negligence on the part of any of the Tenant Indemnitees and arising from the
negligence or willful misconduct of Landlord or its employees or agents in
failing to maintain the common areas of the Building in accordance with the
provisions of this Lease. Upon notice from Tenant, Landlord shall defend any
such claim, demand, cause of action or suit at Landlord's expense by counsel
selected by Landlord and reasonably satisfactory to Tenant, provided, however,
that any

                                       26
<PAGE>   40

counsel selected by Landlord's insurance carrier shall be automatically deemed
acceptable to Tenant.

                                    ARTICLE 6

                            Eminent Domain, Casualty

Section 6.01 Eminent Domain.

(A) If, during the Term, all of the Premises shall be taken (or temporarily
taken for a period of one (1) year or more) by a public authority under any
statute or by right of eminent domain, or purchased under threat of such taking,
this Lease shall automatically terminate on the date on which the condemning
authority takes possession of the Premises ("Date of Such Taking").
Notwithstanding the foregoing, if more than one-third (1/3) of the number of
rentable square feet in the Premises is so taken or purchased, Tenant shall have
the right to terminate this Lease by giving Landlord notice no later than thirty
(30) days after the Date of Such Taking, and thereupon this Lease shall
terminate on the last day of the month following the month in which notice is
given. In both of such events, Tenant shall have no claim for the value of any
unexpired Term of this Lease.

(B) If, during the Term, part of the Building is so taken or purchased, and if,
in Landlord's opinion, substantial alteration of the Building is necessary or
desirable as a result thereof, whether or not the Premises are affected,
Landlord shall have the right to terminate this Lease by giving Tenant at least
thirty (30) days written notice of such termination, and thereupon this Lease
shall terminate on the date set forth in such notice.

(C) If a portion of the Premises is so taken, and no rights of termination
herein conferred are timely exercised, the Term of this Lease shall expire with
respect to the portion so taken on the Date of Such Taking and Landlord shall
adjust Base Rent and Additional Rent to account for the reduced number of
rentable square feet in the Premises. Landlord shall restore and redemise the
Premises to the extent required to exclude from the Premises that portion so
taken; provided, however, that Landlord's obligation to restore and redemise the
remainder of the Premises shall be limited to the funds available to Landlord
from the condemnation award or other consideration paid for the affected portion
of the Premises. In no event shall Landlord be obligated to replace or restore
any improvements to the Premises or alterations thereof installed therein by or
on behalf of Tenant, nor shall Landlord be obligated to replace, repair or
restore Tenant's leasehold improvements, personal property, furniture, fixtures,
equipment or the like. Upon any such taking or purchase, Landlord shall be
entitled to receive and retain the entire award or consideration for the
affected portion of the Building, and Tenant shall not have any claim against
Landlord for the value of its property or its leasehold estate or the unexpired
Term of the Lease, or for costs of removal or relocation, or business
interruption expense or any other damages arising out of such taking or
purchase.

(D) If all or any portion of the Premises shall be condemned or taken for
governmental occupancy for a period of less than one year, this Lease shall
continue in full force and effect and Tenant shall continue to pay in full all
Base Rent and any Additional Rent herein reserved, without reduction or
abatement.

(E) Nothing herein shall give Landlord any interest in or preclude Tenant from
seeking and recovering for its own account from the condemning authority any
award or compensation attributable to the taking or purchase of Tenant's
improvements, chattels or trade fixtures, or the removal or relocation of its
business and effects, or the interruption of its business; provided that any
such award or compensation shall not reduce the amount of the award otherwise
payable to Landlord.

Section 6.02 Damage by Fire or Other Casualty.

(A) If the Premises shall be partially damaged by fire or other casualty, then
the damage shall be repaired by Landlord, except as otherwise provided in this
Section 6.02, from the insurance

                                       27
<PAGE>   41

proceeds actually paid to Landlord. Tenant shall give immediate written notice
to Landlord of any damage caused to the Premises by fire or other casualty.

(B) If the Premises are totally damaged or rendered wholly untenantable by fire
or other casualty, or if Landlord's architect certifies that it cannot be
repaired within one hundred eighty (180) days after the casualty, or if all or
any portion of the proceeds of any insurance policy are retained by the lessor
under any Superior Lease or the holder of any Mortgage, or if Landlord shall
decide not to repair the Building, then Landlord may, within one hundred eighty
(180) days after such fire or other casualty, give Tenant notice of termination
of this Lease, and thereupon the Term shall expire ten (10) days after such
notice is given.

(C) Landlord's obligations in connection with such restoration work shall be
strictly limited to the replacement of the basic building area and in no event
shall Landlord be obligated to replace or restore any improvements to the
Premises or any alterations thereof which were installed therein by or on behalf
of Tenant, or Tenant's leasehold improvements, personal property, furniture,
fixtures, equipment or the like.

(D) Notwithstanding Landlord's rights of termination set forth in subparagraph
(B) above, if all or substantially all of the Premises are damaged or rendered
untenantable by fire or other casualty, Tenant may deliver a notice to Landlord
requesting Landlord's estimate of the period of repair or reconstruction of the
Premises and a statement whether Landlord intends to repair and restore the
Premises. Landlord shall thereupon give Tenant written notice ("Estimated Repair
Notice") within forty-five (45) days after Tenant's request of whether Landlord
intends to repair and restore the Premises and Landlord's architect's reasonable
estimate of the period required to repair or reconstruct the Premises, and if
such period exceeds one hundred eighty (180) days from the date of fire or other
casualty, or if Landlord notifies Tenant that Landlord does not intend to repair
and restore the Premises, Tenant shall have the right to terminate this Lease on
ten (10) days' notice to Landlord given within twenty (20) days after delivery
of the Estimated Repair Notice, time being of the essence.

Section 6.03 Subrogation. Notwithstanding anything to the contrary contained
herein, Landlord and Tenant hereby mutually waive and release their respective
rights of recovery against one another and their officers, agents and employees
for any damage to real or personal property, including resulting loss of use,
interruption of business, and other expenses occurring as a result of the use or
occupancy of the Premises or the Building to the extent of insurance coverage
which would be included in a standard "all-risk" or special form policy of
property insurance. Landlord and Tenant agree that all policies of insurance
shall contain provisions or endorsements thereto waiving the insurer's rights of
subrogation with respect to claims against the other, and, unless the policies
permit waiver of subrogation without notice to the insurer, each shall notify
its insurance companies of the existence of the waiver and indemnity provisions
set forth in this Lease.

                                    ARTICLE 7

                           Events of Default, Remedies

Section 7.01 Events or Default. In addition to any other event specified in this
Lease as an event of default, the occurrence of any one or more of the following
events during the Term (each, individually, an "Event of Default" and
collectively, "Events of Default") shall constitute a breach of this Lease by
Tenant and Landlord may exercise the rights set forth in Section 7.02 of this
Lease or as otherwise provided at law or in equity: (1) Tenant shall fail to pay
any sum payable hereunder within ten (10) days after the same shall become due
and payable; or (2) Tenant fails to perform any of the other covenants,
agreements, terms or conditions of this Lease to be performed by Tenant (other
than any default curable by the payment of money), and, unless expressly
provided elsewhere in this Lease that no notice and/or opportunity to cure such
default is to be afforded Tenant, such default shall continue for a period of
thirty (30) days after written notice thereof from Landlord to Tenant, or, in
the case of a default which cannot with due diligence be cured within fifteen
(15) days, Tenant fails to commence such cure promptly within such thirty (30)
day period and thereafter diligently prosecute such cure to completion; or (3)
Tenant shall file a voluntary petition in bankruptcy or shall be adjudicated a
bankrupt or insolvent

                                       28
<PAGE>   42

within the meaning of the United States Bankruptcy Code, as amended (the
"Code"), or shall file any petition or answer seeking any reorganization,
composition, readjustment or similar relief Under any present or future
bankruptcy or other applicable law, or shall seek or consent to or acquiesce in
the appointment of any trustee, receiver, liquidator or other custodian for any
substantial part of Tenant's properties or any part of the Premises; or (4) any
Guarantor of this Lease shall default beyond any applicable notice and/or grace
period under such guaranty.

Section 7.02 Remedies upon Default.

(A) Upon the occurrence of any Event of Default, Landlord shall have the option
to pursue any one or more of the following remedies without notice or demand
whatsoever, in addition to, or in lieu of, any and all remedies available to
Landlord under the laws of the state in which the Building is located:

      (1) Landlord may give Tenant written notice of its election to terminate
      this Lease, effective on the date specified therein, whereupon Tenant's
      right to possession of the Premises shall cease and this Lease, except as
      to Tenant's liability determined in accordance with Section 7.02(C)
      hereinbelow, shall be terminated.

      (2) Landlord and its agents may immediately re-enter and take possession
      of the Premises, or any part thereof, either by summary proceedings, or by
      any other applicable action or proceeding, and may repossess same as
      Landlord's former estate and expel Tenant and those claiming through or
      under Tenant, and remove the effects of both or either, without being
      deemed guilty in any manner of trespass, and without prejudice to any
      remedies for arrears of rent or Tenant's breach of covenants or
      conditions.

      (3) Should Landlord elect to re-enter as provided hereinabove, or should
      Landlord take possession pursuant to legal proceedings or pursuant to any
      notice provided by law, Landlord may, from time to time, without
      terminating this Lease, relet the Premises or any part thereof in
      Landlord's or Tenant's name, but for the account of Tenant (subject to the
      provisions of Section 7.02(B) hereof), for such term or terms (which may
      be greater or less than the period which would otherwise have constituted
      the balance of the Term) and on such terms and conditions as Landlord, in
      its sole discretion, may determine, and Landlord may collect and receive
      the rents therefor without affecting any liability of Tenant under this
      Lease. Landlord shall have no obligation to relet the Premises and shall
      in no event be liable for failure to relet the Premises or, in the event
      of any such reletting, for refusal or failure to collect any rent due upon
      such reletting, and no such refusal or failure shall affect any liability
      of Tenant under this Lease. No such reentry or taking possession of the
      Premises by Landlord shall be construed as an election on Landlord's part
      to terminate this Lease unless a written notice of such intention be given
      to Tenant. No notice from Landlord hereunder or under a forcible entry and
      detainer statute or similar law shall constitute an election by Landlord
      to terminate this Lease unless such notice specifically so states.
      Landlord reserves the right following any such re-entry and/or reletting
      to exercise its right to terminate this Lease by giving Tenant written
      notice thereof.

(B) Tenant, on its own behalf and on behalf of all persons claiming through or
under Tenant, including all creditors, does further hereby waive any and all
rights which Tenant and all such persons might otherwise have under any present
or future law to redeem the Premises, or to re-enter or repossess the Premises,
or to restore the operation of this Lease, after (i) Tenant shall have been
dispossessed by a judgment or by warrant of any court or judge, or (ii) any
re-entry by Landlord, or (iii) any expiration or termination of this Lease and
the Term, whether such dispossess, re-entry, expiration or termination shall be
by operation of law or pursuant to the provisions of this Lease. The words
"re-enter", "re-entry" and "re-entered" as used in this Lease shall not be
deemed to be restricted to their technical legal meanings. In the event of a
breach or threatened breach by Tenant, or any persons claiming through or under
Tenant, of any term, covenant or condition of this Lease on Tenant's part to be
observed or performed, Landlord shall have the right to enjoin such breach and
the right to invoke any other remedy allowed by law or in equity as if re-entry,
summary proceedings and other special remedies were not provided in this Lease
for such breach.

                                       29
<PAGE>   43

(C)   (1) If this Lease is terminated in accordance with the provisions of
      Section 7.02(A)(1) Tenant shall remain liable to Landlord for damages in
      an amount equal to the Base Rent and any Additional Rent due hereunder as
      of the date of termination of this Lease plus the Base Rent and any
      Additional Rent which would have been owing by Tenant hereunder for the
      balance of the Term (collectively, the "Aggregate Gross Rent") had this
      Lease not been terminated, less the net proceeds, if any, received as a
      result of any reletting of the Premises by Landlord subsequent to such
      termination, after deducting an amount (the "Reletting Costs") equal to
      the product of (a) all of Landlord's expenses including, without
      limitation, all repossession costs, brokerage commissions, legal expenses,
      attorneys' fees, expenses of employees, alteration and repair costs and
      expenses of preparation for such resetting and (b) a fraction, the
      numerator of which is the total number of outstanding full calendar months
      of the Term had this Lease not been terminated, and the denominator of
      which shall be the total number of full calendar months in the initial
      Term or, if such termination occurs during the Extended Term, the Extended
      Term hereof. Landlord shall be entitled to collect Base Rent, any
      Additional Rent and all other damages from Tenant monthly on the days on
      which Base Rent and any Additional Rent would have been payable hereunder
      if this Lease had not been terminated. Alternatively, at the option of
      Landlord, in the event this Lease is so terminated, Landlord shall be
      entitled to recover forthwith against Tenant, as liquidated damages and
      not as a penalty, the then value of the Aggregate Gross Rent (discounted
      to the date of what would otherwise be the expiration of the then current
      term at the rate of four percent (4%) per annum) and Reletting Costs less
      the aggregate rental value of the Premises for what otherwise would have
      been the unexpired balance of the Term. If Landlord shall relet the
      Premises for the period which otherwise would have constituted the
      unexpired portion of the Term (or any part thereof), the amount of rent
      and other sums payable by the tenant thereunder shall be deemed prima
      facie to be the rental Value for the Premises (or the portion thereof so
      relet) for the term of such reletting. Tenant shall in no event be
      entitled to any rents collected or payable in respect of any reletting,
      whether or not such rents shall exceed the Base Rent and any Additional
      Rent reserved in this Lease.

      (2) In the event Landlord does not elect to terminate this Lease, but
      takes possession as provided in Section 7.02(A)(2), Tenant shall pay to
      Landlord the Base Rent and any Additional Rent which would be payable
      hereunder if such repossession had not occurred, less the net proceeds
      received by Landlord, if any, of any reletting of the Premises by Landlord
      after deducting the Reletting Costs to the extent not paid to Landlord
      pursuant to the following sentence. Tenant shall pay rent and all other
      sums due to Landlord, monthly, on the days on which Base Rent would have
      been payable hereunder if possession had not been retaken.

(D) This Lease shall continue in effect for so long as Landlord does not
terminate Tenant's right to possession, and Landlord may enforce all its rights
and remedies under this Lease, including the right to recover the Base Rent and
any Additional Rent, as the same become due under this Lease.

(E) Landlord and Tenant further acknowledge that, to induce Tenant to enter into
this Lease, and in consideration of Tenant's agreement to perform all of the
terms, covenants and conditions to be performed by Tenant under this Lease, as
and when performance is due during the Term, Landlord has agreed to waive (i)
reimbursement from Tenant of the amount of any tenant improvement expenses
(including, without limitation, the Tenant Improvement Allowance), which
pursuant to the terms of this Lease, Landlord has agreed to be liable for in
connection with the build-out of the Premises for Tenant's initial occupancy
and/or (ii) payment by Tenant of Base Rent or portions thereof during the
period(s) specified herein. Upon the occurrence of an Event of Default under
this Lease due to (a) Tenant's filing a petition, case or proceeding under any
section or chapter of the Code (as defined in Section 7.0 1(A) hereof) or any
similar law or statute of the United States or (b) the filing of an involuntary
bankruptcy petition, case or proceeding against Tenant under the Code or under
any similar law or statute of the United States, the foregoing waiver of payment
of Base Rent or portions thereof shall be of no further force and effect as to
any subsequent payments of Base Rent otherwise due under this Lease, each of the
foregoing waivers shall be deemed revoked retroactively and Tenant shall
immediately pay to

                                       30
<PAGE>   44

Landlord as Additional Rent: (1) any and all payments of Base Rent which have
theretofore been waived and (2) the unamortized cost of any tenant improvement
expenses incurred by Landlord, which shall be equal to the product of (a) the
tenant improvement expenses incurred by Landlord, and (b) a fraction, the
numerator of which shall be the number of months and/or portions thereof from
the date of one year beyond the occurrence of such event of Default to the
Expiration Date, not to exceed the number of months in which Tenant is obligated
to pay rent hereunder without any abatement or concession, and the denominator
of which shall be the number of months and/or portions thereof in the Term less
the number of months in the Term in which Landlord has waived payment of Base
Rent or portions thereof. Landlord may, or, at Tenant's request, shall, after
the occurrence of such Event of Default, forward a statement to Tenant setting
forth the unamortized cost of the tenant improvement expenses incurred by
Landlord and of all Base Rent payments which have heretofore been waived by
Landlord and are not payable in accordance with this Subsection, but the failure
to deliver such statement shall not be deemed to be a waiver of the right to
collect such amounts.

Section 7.03 Cure by CMSFS.

(A) Upon providing Tenant any notice of a default under this Lease, or a
termination of this Lease, Landlord shall, at the same time, provide a copy of
such notice to CMSFS. From and after such notice has been given to CMSFS, CMSFS
shall have the same period, after the giving of such notice upon it, for
remedying any default, or acts or omissions which are the subject matter of such
notice or causing the same to be remedied, as is given Tenant after the giving
of such notice to Tenant, plus in each instance, the additional periods of time
specified in Sections 7.03(B) and 7.03(C) below to remedy, commence remedying or
cause to be remedied the defaults or acts or omissions which are the subject
matter of such notice specified in any such notice. Landlord shall accept such
performance by CMSFS as if the same had been done by Tenant. Tenant authorizes
CMSFS to take any such action at CMSFS' option and does hereby authorize entry
upon the Premises by CMSFS for such purpose.

(B) Anything contained in this Lease to the contrary notwithstanding, if any
default shall occur which entitles Landlord to terminate this Lease, Landlord
shall have no right to terminate this Lease unless, following the expiration of
the period of time given Tenant to cure such default or the act or omission
which gave rise to such default, Landlord shall notify CMSFS of Landlord's
intent to so terminate at least ten (10) days in advance of the proposed
effective date of such termination. The provisions of Section 7.03(C) below
shall apply if, during such ten (10) day termination notice period, CMSFS shall:

      (1) notify Landlord of CMSFS' desire to nullify such notice, and

      (2) pay or cause to be paid all rent, additional rent, and other payments
      then due and in arrears as specified in the termination notice to CMSFS
      and which may become due during such ten (10) day period, and

      (3) comply or in good faith, with reasonable diligence and continuity,
      commence to comply with all nonmonetary requirements of this Lease then in
      default and reasonably susceptible of being complied with by CMSFS.

(C) In the event of the termination of this Lease as a result of Tenant's
default, Landlord shall, in addition to providing the notices of default and
termination as required above, provide CMSFS with written notice that the Lease
has been terminated, together with a statement of all sums which would at that
time be due under this Lease but for such termination, and of all other
defaults, if any, then known to Landlord. Landlord agrees to enter into a new
lease ("New Lease") of the Premises with CMSFS for the remainder of the term of
this Lease, effective as of the date of termination, at the rent and additional
rent, and upon the terms, covenants and conditions (including all options to
renew but excluding requirements which are not applicable or which have already
been fulfilled) of this Lease, provided:

      (1) CMSFS shall make written request upon Landlord for such New Lease
      within ten (10) days after the date CMSFS receives Landlord's notice of
      termination of this Lease given pursuant to Section 7.03(B) hereof.

                                       31
<PAGE>   45

      (2) CMSFS shall pay or cause to be paid to Landlord, at the time of the
      execution and delivery of such New Lease, any and all sums which would at
      the time of execution and delivery thereof be due pursuant to this Lease
      but for such termination and, in addition thereto, all expenses, including
      reasonable attorney's fees, which Landlord shall have incurred by reason
      of such termination and the execution and delivery of the New Lease and
      which have not otherwise been received by Landlord from Tenant or other
      party in interest under Tenant.

      (3) CMSFS shall agree to remedy any of Tenant's defaults of which CMSFS
      was notified by Landlord's notice of termination and which are reasonably
      susceptible of being so cured by CMSFS or its designee.

                                    ARTICLE 8

                            Miscellaneous Provisions

Section 8.01 [Intentionally Deleted].

Section 8.02 Late Charges. All amounts payable hereunder which remain unpaid for
ten (10) days after their respective due dates shall bear interest from the date
that the same became due and payable to and including the date of payment,
whether or not demand is made therefor, at the lesser of (i) the rate of
eighteen percent (18%) per annum or (ii) the maximum legal interest rate allowed
by the state in which the Building is located.

Section 8.03 Holding Over. If Tenant remains in possession of the Premises after
the expiration or other termination of the Term, then, at Landlord's option,
Tenant shall be deemed to be occupying the Premises as a month-to-month tenant
only, at a monthly rental equal to one and one-half (1-1/2) times the Base Rent
payable hereunder during the last month of the Term. Tenant shall also pay all
Additional Rent payable under this Lease, prorated for each month during which
Tenant remains in possession. Tenant shall defend, indemnify and hold Landlord
harmless from and against any and all claims, losses and liabilities for damages
resulting from failure to surrender possession upon the expiration date or
sooner termination of the Term, and such obligations shall survive the
expiration or sooner termination of this Lease.

Section 8.04 Notices. Any and all notices required or which either party herein
may desire to give to the other (each, a "Notice") shall be made in writing and
shall be given by certified or registered mail, postage prepaid, return receipt
requested, or by a nationally recognized overnight courier, and shall be deemed
to be given on the third (3rd) business day after the date of posting in a
United States Post Office or one day after delivery to the overnight courier,
and shall be delivered to Landlord's Notice Address or Tenant's Notice Address,
as appropriate. The parties agree that copies of all Notices to be delivered to
Landlord and Tenant hereunder shall be simultaneously delivered to the specified
addresses for copies set forth in Section 1.01(G) and Section 1.01(0). Either
party may designate a different address or addresses for communications intended
for it. Anything contained herein to the contrary notwithstanding, any bills or
invoices for Base Rent, any Additional Rent or any Landlord's Operating
Statement may be given by hand or by mail (which need not be registered or
certified) and, if so given, shall be deemed given on the date of delivery or
refusal, if by hand, or on the third (3rd) business day following the date of
posting, if mailed. Landlord may act through its managing agent for the Building
or through any other person who may from time to time be designated by Landlord
in writing:

Section 8.05 Authority of Tenant.

(A) If Landlord or Tenant is a corporation, partnership, joint venture or
unincorporated association, each individual executing this Lease on behalf of
such entity represents and warrants that he or she is duly authorized to execute
and deliver this Lease on behalf of such entity and that this Lease is binding
upon such entity in accordance with its terms. If this Lease is executed by more
than one tenant, Tenant's obligations hereunder shall be the joint and several
obligations of each tenant executing this Lease.

                                       32
<PAGE>   46

(B) Nothing contained in this Lease shall create any relationship between the
parties hereto other than that of Landlord and Tenant, and Landlord shall not be
deemed to be a partner of Tenant in the conduct of its business, or a joint
venturer or a member of a joint or common enterprise with Tenant.

Section 8.06 Financial Statements. Tenant shall, when requested by Landlord from
time to time, which request shall not be made more frequently than once in any
twelve (12) month period, furnish a true and accurate statement of its financial
condition prepared in conformity with recognized accounting principles and in a
form reasonably satisfactory to Landlord, certified by Tenant's chief financial
officer as to the truth and accuracy thereof.

Section 8.07 Brokerage.

(A) Tenant represents and warrants that it has dealt only with Broker and/or
with Landlord and its direct employees, and no other broker or agent, in
connection with the negotiation or execution of this Lease. Tenant agrees to
indemnify and hold Landlord harmless from and against any and all damage, loss,
cost or expense including, without limitation, all attorneys' fees and
disbursements incurred by reason of any claim of or liability to any other
broker or other person for commissions or other compensation or charges with
respect to the negotiation, execution and delivery of this Lease, and such
obligations shall survive the expiration or sooner termination of this Lease.

(B) Landlord shall pay The Fred Ezra Company ("Ezra") a commission in connection
with this Lease. Such commission shall be payable in accordance with a separate
written agreement between Landlord and Ezra.

Section 8.08 Definition of Landlord. The term "Landlord" as used in this Lease
shall mean only the owner of the Building, or the tenant under a Superior Lease.
In the event of any transfer of title to or lease of the Building, the
transferor shall be entirely freed and relieved of all covenants and obligations
of Landlord hereunder arising after the date of transfer without further
agreement between the parties or their successors in interest and Tenant shall
look solely to the successor in interest of the transferor as Landlord under
this Lease and it shall be deemed and construed that such transferee has assumed
and agreed to carry out all of such covenants and obligations of Landlord
hereunder, and, further, the transferor shall be deemed entirely freed of all
obligations of Landlord hereunder arising prior to the date of transfer to the
extent of an actual assumption by the transferee. This Lease shall not be
affected by such transfer or lease, and Tenant agrees to attorn to the
transferee or assignee, such attornment to be effective and self-operative
without the execution of any further instrument by the parties to this Lease.

Section 8.09 Entire Agreement.

(A) Tenant acknowledges and agrees that it has not relied upon any statements,
representations, agreements or warranties except those expressed in this Lease,
and that this Lease contains the entire agreement of the parties. No amendment
or modification of this Lease shall be binding or valid unless expressed in
writing and executed and delivered by Landlord and Tenant. Except as otherwise
specifically provided herein, the terms, covenants and conditions contained in
this Lease shall bind and inure to the benefit of the respective heirs,
successors, executors, administrators and assigns of each of the parties hereto.

(B) The submission of this document for examination and review does not
constitute an option, an offer to lease space, or an agreement to lease space.
This document shall have no binding effect on the parties hereto unless and
until executed and delivered by both Landlord and Tenant and will be effective
only upon Landlord's execution and delivery of same. Except as expressly
contained herein, (i) neither Landlord nor Landlord's agent or attorneys have
made representations, warranties or promises with respect to the Premises, the
Building or this Lease; (ii) Tenant has inspected the Premises and agrees to
take same in its "as-is" condition; and (iii) Landlord shall have no obligation
to do any work in and to the Premises in order to prepare the Premises for
occupancy and use by Tenant.

                                       33
<PAGE>   47

Section 8.10 Force Majeure. Any obligation of Landlord which is delayed or not
performed due to acts of God, strike, riot, shortages of labor or materials,
war, governmental laws or action, or lack thereof, or any other causes of any
kind whatsoever which are beyond Landlord's reasonable control (each, a "Force
Majeure Event"), shall not constitute a default hereunder and shall be performed
within a reasonable time after the end of such cause for delay or
nonperformance. Tenant shall likewise not be deemed in default in the
performance of any of its obligations under this Lease (other than monetary
obligations, except as otherwise specifically provided in Section 1.01(LL)
hereof with respect to the determination of the Rent Commencement Date) if it is
unable to fulfill such obligations by reason of a Force Majeure Event, provided
that the foregoing shall not serve to relieve Tenant from the timely obligation
to pay Base Rent or Additional Rent or from the performance of any other
financial obligation of Tenant under this Lease.

Section 8.11 No Setoff. This Lease shall be construed as though the covenants
herein between Landlord and Tenant are independent, and Tenant shall not be
entitled to any setoff or offset, or, except as otherwise provided in Section
5.05 or Section 6.01 hereof, any abatement or deduction of rent or other amounts
due Landlord hereunder if Landlord fails to perform its obligations hereunder.
In no event shall Landlord, any holder of a Mortgage and/or lessor under a
Superior Lease be responsible for any consequential damages incurred by Tenant
as a result of any default by Landlord.

Section 8.12 Interpretation.

(A) Any remedy or election given pursuant to any provision in this Lease shall
be cumulative with all other remedies at law or in equity unless otherwise
specifically provided herein.

(B) This Lease shall be construed in accordance with the laws of the state in
which the Building is located. Unless herein waived, Landlord and Tenant
acknowledge that all of the applicable statutes of such state are superimposed
on the rights, duties and obligations of Landlord and Tenant hereunder.

(C) Landlord and Tenant each acknowledge and warrant that each has been
represented by independent counsel and has executed this Lease after being fully
advised by said counsel as to its effect and significance. This Lease is the
result of negotiations between the parties and their respective attorneys and
shall be construed in an even and fair manner, regardless of the party who
drafted this Lease.

(D) [Intentionally Deleted].

(E) If any term or provision of this Lease or the application thereof to any
person or circumstances shall, to any extent, be illegal, invalid or
unenforceable, the remainder of this Lease, or the application of such term or
provision to persons or circumstances other than those to which it is held
invalid or unenforceable, shall not be affected thereby, and all other terms and
provisions of this Lease shall be valid and enforced to the fullest extent
permitted by law.

Section 8.13 Enlarging the Office Building. Landlord hereby reserves the right
to enlarge the Building by constructing additions to the improvements or other
buildings on portions of the Property with or without any new parking or common
areas, and by including within the Property other properties now or hereafter
owned by Landlord adjacent to the Property. In such event, all new buildings,
properties, common areas and parking areas shall be treated as though they are
part of the Building and, at Landlord's election, all operating expenses, real
property taxes and other pro rata payments required of Tenant pursuant to the
terms of this Lease shall be applicable to such enlarged area and all
improvements now or hereafter located thereon. In addition, upon notice to
Tenant, Landlord shall have the right to designate, or to change, the name or
numbers of the Building without liability to Tenant. The parties hereto agree
that in the event there is an increase or decrease in the total number of
rentable square feet in the Office Building after the Commencement Date,
Tenant's Pro Rata Share shall be adjusted to reflect the ratio that the number
of rentable square feet in the Premises bears to the total number of rentable
square feet in the Office Building.

                                       34
<PAGE>   48

Section 8.14 Limitation or Landlord Liability. In no event shall Landlord be
liable to Tenant for any failure of other tenants in the Building to operate
their businesses, or for any loss or damage that may be occasioned by or through
the acts or omissions of other tenants. Notwithstanding anything to the contrary
provided in this Lease, neither Landlord, nor any general or limited partner in
or of Landlord, whether direct or indirect, nor any direct or indirect partners
in such partners, nor any disclosed or undisclosed officers, shareholders,
principals, directors, employees, partners, servants or agents of Landlord, nor
any of the foregoing, nor any investment adviser or other holder of any equity
interest in Landlord, their successors, assigns, agents, or any mortgagee in
possession shall have any personal liability with respect to any provisions of
this Lease and, if Landlord is in breach or default with respect to its
obligations or otherwise, Tenant shall look solely to Landlord's interest in the
Building for the satisfaction of Tenant's remedies.

Section 8.15 Short Form Lease. Tenant shall not record this Lease or a
memorandum hereof without the prior written consent of Landlord. Upon Landlord's
request, Tenant agrees to execute and acknowledge a short form lease in
recordable form which is satisfactory to Landlord.

Section 8.16 [Intentionally Deleted].

Section 8.17 Estoppel.

(A) [Intentionally Deleted].

(B) At any time and from time to time upon written request by Landlord, Tenant
hereby agrees to deliver within ten (10) days after request, a certificate to
Landlord or to any present or proposed mortgagee, lessor under a Superior Lease
or purchaser, in the form supplied, certifying that this Lease is unmodified and
in full force and effect (or, if there have been modifications, that the same is
in full force and effect as modified, and stating the modification), that there
are no defenses or offsets thereto (or stating those claimed by Tenant), the
Commencement Date, the Rent Commencement Date, the Expiration Date, the dates to
which Base Rent and Additional Rent have been paid and as to any other
information reasonably requested by the same.

(C) At any time and from time to time upon written request by Tenant (but not
more than twice in any calendar year), Landlord hereby agrees to deliver within
ten (10) days after request, a certificate to Tenant, in the form supplied,
which shall be reasonably satisfactory to Landlord, certifying: (1) that this
Lease is in full force and effect and has not been modified (or if modified,
setting forth all modifications), or, if this Lease is not in full force and
effect, the certificate shall so specify the reasons therefor; (2) the
Commencement Date, the Rent Commencement Date and the Expiration Date; (3) the
date to which the Base Rent and any Additional Rent have been paid under this
Lease and the amount thereof then payable; (4) the amount of the Security
Deposit and prepaid rent, if any, being held by Landlord; and (5) to the best of
Landlord's knowledge, whether there are then any existing defaults by Tenant in
the performance of its obligations under this Lease, and, if there are any such
defaults, specifying the nature and extent thereof.

Section 8.18 No Waiver. The failure of Landlord to exercise its rights in
connection with this Lease or any breach or violation of any term, covenant or
condition herein contained shall not be deemed to be a waiver of such term,
covenant or condition or any subsequent breach of the same or any other term,
covenant or condition herein contained.

Section 8.19 No Merger. The voluntary or other surrender of possession of the
Premises by Tenant, or a mutual cancellation of this Lease, shall not result in
a merger of Landlord's and Tenant's estates, and shall, at the option of
Landlord, either terminate any or all existing subleases or subtenancies, or
operate as an assignment to Landlord of any or all of such subleases or
subtenancies.

Section 8.20 Attorneys' Fees. In the event of any action or proceeding brought
by either Landlord or Tenant against the other party under this Lease, the
prevailing party shall be entitled to recover Court costs and the fees and
disbursements of its attorneys in such action or proceeding (whether at the
administrative, trial or appellate levels) in such amount as the court or
administrative body may judge reasonable. Landlord shall also be entitled to
recover

                                       35
<PAGE>   49

attorneys' fees and disbursements incurred in connection with a Tenant default
hereunder which does not result in the commencement of any action or proceeding.

Section 8.21 JURY TRIAL AND COUNTERCLAIM WAIVER. LANDLORD AND TENANT HEREBY
WAIVE TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY EITHER
OF THE PARTIES HERETO AGAINST THE, OTHER OR THEIR SUCCESSORS IN RESPECT OF ANY
MATTER ARISING OUT Of OR IN CONNECTION WITH THIS LEASE, THE RELATIONSHIP OF
LANDLORD AND TENANT, TENANT'S USE OR OCCUPANCY OF THE PREMISES, AND/OR ANY CLAIM
FOR INJURY OR DAMAGE, OR ANY EMERGENCY OR STATUTORY REMEDY. IN THE EVENT
LANDLORD COMMENCES ANY SUMMARY PROCEEDINGS OR ACTION FOR NON-PAYMENT OF BASE
RENT OR ANY ADDITIONAL RENT, TENANT SHALL NOT INTERPOSE ANY COUNTERCLAIM OF ANY
NATURE OR DESCRIPTION (UNLESS SUCH COUNTERCLAIM SHALL BE MANDATORY) IN ANY SUCH
PROCEEDING OR ACTION, BUT SHALL BE RELEGATED TO AN INDEPENDENT ACTION AT LAW.

Section 8.22 Monument Sign. In the event that any sign panel on the monument
sign become available for use by a tenant or occupant of the Building, or a
tenant who currently has the right to utilize such sign panel, elects, in its
sole and absolute discretion, to cease using such sign panel, then, subject to
the rights of all tenants in the Building as of the date of this Lease who have
the right to place their sign panel on the monument sign, Landlord shall grant
Tenant, at Tenant's sole cost and expense, the right to place one (1) sign panel
on the monument sign. The size, design, color, location, style and method of
installation of such sign panel shall be subject to Landlord's prior written
approval, which approval shall not be unreasonably withheld, conditioned or
delayed. Tenant, at Tenant's sole cost and expense, shall maintain such sign
panel in a first class manner at all times in accordance with all applicable
governmental laws, resolutions, codes, orders and statutes.

Section 8.23 Joinder. CMSFS is joining in this Lease to evidence its agreement
with, and consent to, the provisions of Section 4.08 of this Lease.

      IN WITNESS WHEREOF, Landlord and Tenant have respectively executed this
Lease as of the day and year first above written.

TENANT:                                LANDLORD:
FINANCIAL INSIGHT SYSTEMS, INC.        11200 RP ASSOCIATES, L.P.
                                       By: Meridian/CRI Building GP, L.L.C., its
                                           general partner

By: /s/ [ILLEGIBLE]                        By: /s/ Bruce Lane
    -------------------                        --------------------

Name: [ILLEGIBLE]                          Name: Bruce Lane
      -------------------                        ------------------

Federal Tax I.D. Number:                   Date: 7/14/98
                        ----------              -------------------

Date: July 13, 1998

                                       36
<PAGE>   50

                                     JOINDER

      By signing below CMSFS evidences its agreement with, and hereby consents
to, the provisions of Section 4.08 of the Lease.

                                         CAPITAL MANAGEMENT STRATEGIES
                                         FINANCIAL SERVICES, INC., a
                                         Maryland corporation

                                                By: /s/ Andrew Potterman
                                                    ------------------------
                                                Name: Andrew Potterman
                                                      ----------------------
                                                Date: 7/13/98
                                                      ----------------------

<PAGE>   51

                                    EXHIBIT A
                                   FLOOR PLAN

                              [FLOOR PLAN OMITTED]

<PAGE>   52

                                    EXHIBIT B
                             [INTENTIONALLY DELETED]

<PAGE>   53

                                    EXHIBIT C
                            TENANT ACCEPTANCE LETTER

      THIS CERTIFICATE OF COMMENCEMENT ("Certificate") is made this ______ day
of _____________________, 19_, by and between 11200 ASSOCIATES L.P., a Maryland
limited partnership ("Landlord"), and ______________________________________
_____________________ ("Tenant").

      WHEREAS, Landlord and Tenant have entered into a Lease dated
_______________________ 19__ ("Lease");

      WHEREAS, those certain events have occurred and Landlord and Tenant now
desire to specify the Rent Commencement Date of the Lease Term for purposes of
establishing the term of the Lease and the schedule for payment of rent during
said period.

      NOW, THEREFORE, in consideration of the premises, and for other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, Landlord and Tenant warrant and represent each to the other as
follows:

      1.    The Rent Commencement Date is __________,19__.

      2.    The Expiration Date is ________________, 19__.

      3.    The Rentable Area of the Premises is ________ square feet.

      4.    Tenant's Pro Rata Share is _________ percent.

      5.    The Base Annual Base Rent is $____________.

      6.    The Base Monthly Base Rent is $_____________.

      IN WITNESS WHEREOF, Landlord and Tenant do hereby execute this Agreement
under seal on the day and year first above written.

WITNESS:                            LANDLORD:
                                    11200 RP ASSOCIATES L.P., a Maryland limited
                                    partnership
                                    By: Meridian/CRI Building GP, L.L.C.

_________________________________   By: __________________________________(SEAL)
                                    Title:______________________________________

WITNESS/ATTEST:                     TENANT:
                                    ___________________________________________,
                                    a _____________________________________

_________________________________   By: __________________________________(SEAL)
                                    Title:______________________________________

<PAGE>   54

                                    EXHIBIT D
                              RULES AND REGULATIONS

      (1) Security. Landlord may adopt systems and procedures for the security
or safety of the Building, and the contents thereof, and Tenant shall comply
with Landlord's reasonable requirements relating thereto.

      (2) Locks. Landlord may install and change locking mechanisms on entrances
to the Building, common areas thereof, and the Premises and (unless 24-hour
security is provided for the Building) shall provide to Tenant a reasonable
number of keys and replacements therefor to meet the bona fide requirements of
Tenant. Tenant shall not alter existing locking mechanisms on any door in or to
the Premises without Landlord's prior written consent (which consent shall not
be unreasonably conditioned, withheld or delayed). If, without Landlord's
consent, Tenant installs lock(s) incompatible with the Building master locking
system (a) Landlord, without abatement of rent, shall be relieved of any
obligation under the Lease to provide any service to the affected areas which
requires access thereto, (b) Tenant shall indemnify Landlord against any expense
as a result of forced entry thereto which may be required in an emergency and
(c) Tenant shall at the end of the Term and at Landlord's request remove such
lock(s) at Tenant's expense.

      (3) Return of Keys. At the end of the Term, Tenant shall promptly return
to Landlord all keys for the Building and Premises.

      (4) Window Coverings. Tenant shall observe Landlord's rules with respect
to maintaining uniform window treatments in the Premises, and shall not install
deflective film, window shades, covers or other materials on or at any window in
the Premises without Landlord's prior written consent (which consent shall not
be unreasonably conditioned, withheld or delayed).

      (5) Signs. Unless otherwise expressly agreed to in writing by Landlord (a)
no signs will be allowed on the exterior of the Building or the interior or
exterior of windows, (b) no signs except in uniform locations and styles
designated by Landlord will be permitted in the public corridors or on corridor
doors or entrances to Tenant's space and (c) the construction and/or
installation of all authorized signs for Tenant (other than building directory
listings) will be contracted for by Landlord at the commercially reasonable rate
fixed by Landlord, and Tenant shall pay for such service promptly upon rendition
of a bill therefor.

      (6) Water Fixtures. Tenant shall not use water closets or water fixtures
for any purposes for which they are not intended and shall pay all costs
incurred as a result of any misuse of water closets or fixtures by Tenant.

      (7) Damage to Premises. Except as permitted by Landlord, no tenant shall
paint signs upon, cut, drill into, drive nails or screws into, or in any way mar
or deface the walls, ceilings, partitions or floors of any premises or the
Building. Notwithstanding the foregoing, normal picture hanging is permitted
within the Premises. Any defacement, damage or injury caused by any tenant shall
be paid for by such tenant.

      (8) Prohibition Against Inflammable or Hazardous Materials. Explosives,
oil, gas, or other inflammable liquids or any other article deemed hazardous
shall not be brought into the Premises or the Building.

      (9) Antennas and Aerials. No antenna or aerial shall be erected on the
roof or exterior walls of the Building without the prior written consent of
Landlord. Any antenna or aerial so installed without prior consent shall be
subject to removal without notice at any time, and Tenant shall bear all costs
of removal and any repairs necessitated by virtue of its attachment to the
Building. In addition, Tenant shall not be granted access to the telephone
control rooms unless 24-hours prior notice is given to Landlord.

<PAGE>   55

      (10) Heavy Articles. Tenant shall not place in or move about the Premises,
without Landlord's prior written consent, any safe or other heavy article, and
Landlord may designate the location of any heavy articles in the Premises.

      (11) [Intentionally Deleted].

      (12) Bicycles, Animals. Tenant shall not bring any animals or birds into
the Building, and shall not permit bicycles or other vehicles inside or on the
sidewalks outside the Building except in areas designated by Landlord for such
purposes.

      (13) Deliveries. Tenant shall insure that deliveries of materials and
supplies into or out of the Premises are made through such entrances, elevators
and corridors and at such times as may be designated by Landlord, and shall
promptly pay to Landlord the cost of repairing any damage in or to the Building
caused thereby.

      (14) Furniture and Equipment. All furniture and equipment being moved into
or out of the Premises shall be moved by movers approved by Landlord (which
approval shall not be unreasonably conditioned, withheld or delayed), and Tenant
shall promptly pay or cause to be paid to Landlord the cost of repairing any
damage in or to the Building caused thereby. Landlord shall not be obligated to
permit Tenant to use the freight elevators at any time that Tenant is in default
in the payment of Base Rent or any Additional Rent.

      (15) Solicitations. Landlord reserves the right to restrict or prohibit
canvassing, soliciting or peddling in the Building.

      (16) Food and Beverage. Only persons approved by Landlord may prepare,
solicit orders for, sell, serve or distribute foods or beverages in the
Building, or use the elevators, corridors or common areas for any such purpose.
Except with Landlord's prior written consent and in accordance with arrangements
approved by Landlord, Tenant shall not permit the use of equipment for
dispensing food or beverages or for the preparation, solicitation of orders for
sale, serving or distribution of food or beverages at the Premises. The
foregoing shall not, however, preclude Tenant from utilizing beverage dispensing
equipment at the Premises or from allowing its employees to utilize a coffee
machine and/or soda machine and/or microwave oven at the Premises or to eat
lunch at the Premises, provided that no cooking or food preparations shall be
carried out of the Premises, and further provided that Tenant shall not sell any
food or beverage on either a wholesale or retail basis from the Premises.

      (17) Refuse. Tenant shall place all refuse in proper receptacles provided
by Tenant at its expense in the Premises or in receptacles (if any) provided by
Landlord for the Building, and shall keep the lobbies, corridors, stairwells,
ducts and shafts of the Building free of all refuse.

      (18) Obstruction. Tenant shall not obstruct the sidewalks or driveways
outside the Office Building or in the lobbies, corridors, stairwells or other
common areas of the Building, or use such locations for any purpose except
ingress to and egress from the Premises without Landlord's prior written
consent. Landlord may remove, at Tenant's expense, any such obstruction or thing
(unauthorized by Landlord) without notice or obligation to Tenant.

      (19) Proper Conduct. Tenant shall not conduct itself in any manner which
is inconsistent with the character of the Building as a first quality building
or which will impair the comfort and convenience of other tenants in the
Building.

      (20) Employees, Agents and Invitees. In these Rules and Regulations,
"Tenant" includes the employees, contractors, agents, invitees and licensees of
Tenant and others permitted by Tenant to use or occupy the Premises.

      (21) Directory Listings. Landlord shall provide Tenant, at Landlord's
expense, with at least four (4) listings on behalf of Tenant on the directory in
the lobby of the Building. At Tenant's request, Landlord shall provide Tenant
with additional listings on such directory at

<PAGE>   56

Tenant's expense; provided that unless there is a computerized directory, Tenant
shall be limited to the lesser of (i) its proportionate share of the total
number of spaces for listings on such directory or (ii) the number of spaces
then available on such directory.

      (22) Extermination. If the Premises shall become infested with vermin,
Tenant, at its expense, shall cause the same to be exterminated as may be
required by contractors approved by Landlord.

<PAGE>   57

                                   EXHIBIT E-1
                                 TEMPORARY SPACE

                              [FLOOR PLAN OMITTED]

<PAGE>   58

                                   EXHIBIT E-2
                              INTENTIONALLY DELETED

<PAGE>   59

                                    EXHIBIT F
                            FORM OF LETTER OF CREDIT
                                [BANK LETTERHEAD]

The Meridian Group
11200 Rockville Pike, Suite 205
Rockville, Maryland 20852

      Re: Irrevocable Clean Letter of Credit

            By order of our client, Financial Insight Systems, Inc., we hereby
open our clean irrevocable Letter of Credit No. __________ in your favor for an
amount not to exceed in the aggregate $_____________ Dollars effective
immediately.

            Funds under this credit are available to you against your sight
draft on us mentioning thereon our Credit No. _____________.

            This Letter of Credit shall expire thirteen (13) months from the
date hereof; provided, however, that it is a condition of this Letter of Credit
that it shall be deemed automatically extended, from time to time, without
amendment, for one year from the expiry date hereof and from each and every
future expiry date, unless at least thirty (30) days prior to any expiry date we
shall notify you by registered mail that we elect not to consider this Letter of
Credit renewed for any such additional period.

            This Letter of Credit is transferable and assignable in its entirety
or in one or more portions to any transferee or transferees who shall be
identified in your written transfer request. Upon presentation of your written
transfer request and this Letter of Credit, we shall forthwith issue our
Irrevocable Letter of Credit to the designated transferee or transferees for the
unused portion hereof. Each Letter of Credit issued upon such transfer and
assignment may be successively transferred and assigned in the same manner.

            We hereby agree with you that all drafts drawn with the terms of
this Letter of Credit will be duly honored upon presentment and delivery to our
office at on or prior to the expiry date, or as the same may from time to time
be extended.

            Except as otherwise specified herein, this Letter of Credit is
subject to the Uniform Customs and Practice for Documentary Credits (1993
Revision), International Chamber of Commerce Publication No. 500.

                                         Very truly yours,

                                         [Name of Bank]
                                         By: __________________________

<PAGE>   60

                                    EXHIBIT G
                                 expansion space

                              [FLOOR PLAN OMITTED]

<PAGE>   61

                                    EXHIBIT H
                             CLEANING SPECIFICATIONS

1.    GENERAL

      a.    Clean all areas of the building interior including entrance lobby,
            corridors, loading docks, stairwells, lavatories, elevators. Not
            included are: stores, garages and elevator shafts.

      b.    Employees assigned to the building shall be carefully interviewed,
            screened, and bonded. They shall be neat and clean in appearance and
            properly identified.

      c.    Employees shall abide by all building regulations and safety rules.

      d.    Employees shall not eat, drink, or smoke on duty. They shall not
            disturb paper on desks, open drawers or cabinets, use telephones,
            televisions or radios.

      e.    Competent supervisory personnel shall be employed, and they will, at
            a minimum, have completed a supervisory training course.

      f.    The supervisor will report to the Customer or his agent any
            maintenance conditions such as leaky faucets, stopped toilets and
            drains, broken fixtures, etc. The supervisor will also report any
            unusual happenings in the building noticed or called to his/her
            attention by Contractor's employees.

      g.    Necessary, appropriate, tested and approved machinery and cleaning
            materials for the satisfactory performance of services will be
            provided.

      h.    Customer shall assign sufficient space in the premises for storage
            of cleaning materials and machinery. Utilities will be provided
            without charge.

      i.    A log book will be maintained in the building in which a record
            shall be made of any events requiring the Customer's or Contractor's
            attention.

      j.    All office cleaning, as possible, will be performed behind locked
            doors.

      k.    Upon completion of work, the Contractor will leave all slop sinks
            and equipment storage areas in a neat and orderly condition, all
            unnecessary lights out, and all doors locked.

      m.    Regular periodic inspection of the building shall be performed by a
            representative of contractor's management staff with the Customer's
            representative. This in addition to the regular nightly inspection
            to be performed by the supervisor.

2.    ENTRANCE LOBBY - DAILY

      Entrance lobby will be thoroughly cleaned. Lobby glass and metal will be
      cleaned and dusted. Directory glass will be damp cleaned and wiped. Lobby
      walls will be dusted and kept free from fingerprints and smudges. Floor
      and entrances are to be dust mopped as needed, and buffed and refinished
      as necessary to maintain a clean and glossy appearance.

3.    ELEVATORS - DAILY

      a.    All elevators will be vacuumed.
      b.    All stainless steel and metal will be cleaned.
      c.    All elevator tracks will be vacuumed.
      d.    Elevator button panels, and elevator doors will be cleaned.
      e.    Carpets will be spotted periodically.

<PAGE>   62

      f.    Ceilings, overhead Plexiglass, and/or special light fixtures will be
            cleaned periodically.

4.    LAVATORIES-DAILY

      a.    Clean all mirrors.
      b.    Wash basins and bright work with a non-abrasive cleanser.
      c.    Clean urinals.
      d.    Wash toilet seats and bowls using disinfectant in water.
      e.    Mop floor using disinfectant in water
      f.    Damp wipe and clean walls and partitions. They are to be free of
            hand prints and dust.
      g.    Refill hand soap, towels, tissues, and sanitary napkin dispensers.
      h.    Clean ventilating louvers.
      i.    Power scrub floors with germicidal solution monthly.

      Toilet bowl finish shall be used to clean flush holes under rim of bowls
      and traps. Bowl cleaner shall be used at least once each week and more
      often it necessary.

5.    OFFICES AND CORRIDORS - DAILY

      a.    Dusting: All furniture, office equipment and appliances, window
            sills, etc.: will be dusted with a treated cloth or static duster.
            This shall include all horizontal surfaces up to 7 feet high and
            enough vertical surfaces daily to complete all vertical surfaces
            within each week. Desks and tables not cleared of paper and work
            materials will only be dusted where desk is exposed. Telephones will
            be damp wiped.

      b.    Dust Mopping: After furniture dusting is completed, all non-carpeted
            floor areas will be dust mopped with a treated dust mop with special
            attention being given to areas under desks and furniture to prevent
            accumulation of dust and dirt.

      c.    Vacuuming: All furniture and carpets in office areas, as well as
            public spaces, are to be vacuumed daily in all traffic areas. Hard
            to reach places, under desks and chairs shall be vacuumed weekly.

      d.    Waste cans - Ashtrays: Waste cans and ashtrays will be emptied and
            wiped clean. Waste cans shall be damp wiped as necessary. Plastic
            liners where used will be changed as needed. Waste not in cans will
            not be removed unless clearly labeled "Trash".

      e.    Spot Cleaning Carpets: All carpeted areas will be inspected for
            spots and stains will be removed as soon as possible. Where
            difficult spots are encountered, the Customer will be notified.

      f.    Wet Mopping - As Needed. Extreme care shall be used in all mopping
            to avoid splashing walls or furniture. Moving water and other
            liquids over carpeted areas will be done in a manner to avoid
            spillage.

      g.    Tile Floor: All tile floors will be buffed and kept in scuff/spot
            free condition at all times. Recoating and buffing will be done on
            an "as needed" basis. Care shall be taken in applying finish to keep
            it off of furniture, baseboards and walls. Floor machines will be
            used in a manner to avoid damage to the walls, baseboards and
            furniture.

      h.    Water Coolers/Water Fountains: Water coolers will be cleaned and
            polished.

<PAGE>   63

      i.    Spot Cleaning Walls, Woodwork, etc.: All hand prints and spots will
            be removed from doors and light switches. Walls, woodwork, and
            interior glass cleaned as needed.

      j.    Cigarette Urns: Cigarette urns and ash receivers shall be cleaned
            and sanitized.

6.    OFFICE AND CORRIDORS - PERIODIC

      a.    High Dusting - Quarterly: Pipes, ledges, ceilings, moldings, picture
            frames, etc, will be cleaned quarterly or more frequently if
            necessary.

      b.    Air Conditioning Grills - Monthly: All areas around air conditioning
            air return grills will be cleaned once each month or more frequently
            if necessary.

      c.    Venetian Blinds: Venetian blinds will be dusted quarterly and damp
            wiped annually.

      d.    Light Fixtures: The exterior of all light fixtures will be dusted as
            needed. Exterior of fixtures will be damp wiped annually.

7.    STAIRWAYS & LANDINGS

      All stairways and landings will be policed daily. They will be dust mopped
      with a treated yarn dust mop weekly. Spot cleaning of walls and doors will
      be done weekly. These areas will be damp mopped and scrubbed as necessary.
      Hand rails, fire points, and other miscellaneous hardware will be cleaned
      periodically.

8.    POLISHING

      All door Plates, kick plates, brass and metal fixtures within the building
      will be wiped weekly and polished periodically.

<PAGE>   64

                                    EXHIBIT I
                             FORM OF SUBORDINATION,
                    NON-DISTURBANCE AND ATTORNMENT AGREEMENT

      THIS SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT (this
"Agreement") made and entered into as of the day of __________ 199_ by and among
11200 RP ASSOCIATES L.P., a Maryland limited partnership having an office
_______________________________________________________________ ("Owner"),
________________________________ ("Mortgagee"), and FINANCIAL INSIGHT SYSTEMS,
INC., a Maryland corporation having an office at 11200 Rockville Pike,
Rockville, Maryland 20852 ("Tenant").

                              W I T N E S S E T H:

      WHEREAS, Owner owns the improved real property described in Schedule A
annexed hereto (the "Premises");

      WHEREAS, Mortgagee is the owner and holder of the deed[s] of trust listed
in Schedule B annexed hereto (which deed[s] of trust, together with all
amendments, increases, renewals, modifications, consolidations, spreaders,
replacements, combinations, supplements, substitutions and extensions thereof,
now or hereafter made, are hereinafter collectively referred to as the
"Mortgage," and which Mortgage, together with the promissory note or notes and
the loan agreement(s), and other documents executed in connection therewith and
any amendments, increases, renewals, modifications, consolidations, spreaders,
replacements, combinations, supplements, substitutions and extensions thereof,
are hereinafter collectively referred to as the "Loan Documents");

      WHEREAS, pursuant to a lease dated __________, 19__ ("the "Lease"), Tenant
has leased from Owner, as landlord, a portion of the Premises (the "Leased
Premises") more particularly described therein; and

      WHEREAS, Mortgagee has agreed to recognize the status of Tenant in the
event Mortgagee shall acquire the title to Premises by foreclosure, by the
acceptance of a deed in lieu thereof, or by any other means and Tenant has
agreed to attorn to Mortgagee in any such event.

      NOW THEREFORE, in consideration of the foregoing, the mutual covenants
hereinafter mentioned and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
follows:

      1. Mortgagee hereby consents to the Lease.

      2. Tenant hereby agrees that the Lease is and shall be under, subject and
subordinate at all times to the lien, right, title and terms of the Loan
Documents and all advances and/or payments made, or to be made, under any Loan
Document. In confirmation of such subordination, Tenant shall promptly execute,
acknowledge and deliver any instrument that Mortgagee may request to evidence
such subordination.

      3. So long as Tenant (a) is not in default under the Lease beyond the
expiration of any applicable grace or cure periods, (b) has not canceled or
terminated the Lease (without regard to whether Owner or Tenant is then in
default under the Lease), nor surrendered or abandoned the Leased Premises, and
(c) except as specifically required pursuant to the terms of the Lease, has not
made any advance payment of rent or additional rent, in the event that Mortgagee
shall commence an action to foreclose the Mortgage or to otherwise acquire title
to, and possession of, the Premises, Tenant shall not be joined as a party
defendant in any such action or proceeding and Tenant shall not be disturbed in
its possession of the Leased Premises nor shall the Lease be terminated unless,
as a condition precedent to commencing or proceeding with any such action to
foreclose the Mortgage [or any of them] or to otherwise acquire title to, and
possession of, the Premises, Mortgagee is required by statute, judicial decision
or the court in which such action or proceeding has been commenced or is pending
so to name Tenant as a party defendant. For the purposes of this Agreement, any
rent

                                    Page I-1
<PAGE>   65

abatements or free rent periods expressly provided for in the Lease shall not be
deemed to be an advance payment of rent or additional rent.

      4. If (a) Mortgagee shall acquire title to, and possession of, the
Premises upon foreclosure in an action in which Mortgagee shall have been
required to name Tenant as a party defendant, and (b) Tenant is not in default
under the Lease beyond any applicable cure or grace periods, has not canceled or
terminated the Lease (without regard to whether Owner or Tenant is then in
default under the Lease) not surrendered the Leased Premises at the time
Mortgagee shall so acquire title to, and possession of, the Premises, then, in
such event, Mortgagee shall enter into a new lease with Tenant upon the same
terms and conditions as were contained in the Lease, except that (x) the
obligations and liabilities of Mortgagee under any such new lease shall be
subject to the terms and conditions of this Agreement (including, without
limitation, the provisions of Paragraphs 5, 6 and 7 hereof), (y) without
limiting the generality of clause (x) above, Mortgagee shall, in no event, have
any obligations or liabilities to Tenant under any such new lease beyond those
of Owner (or its predecessors-in-interest) as were contained in the Lease (to
the extent assumed by Mortgagee under this Agreement), and (z) the expiration
date of such new lease shall coincide with the original expiration date of the
Lease. Tenant shall execute any such new lease and shall attorn to Mortgagee or
its nominee, successors or assigns or any purchaser (as the case may be) as to
establish direct privity between Mortgagee and Tenant.

      5. If (a) Mortgagee shall acquire title to, and possession of, the
Premises upon foreclosure in an action in which Tenant has not been named as a
party defendant, or by deed in lieu of foreclosure, or by any other means and
(b) Tenant is not in default under the Lease beyond any applicable cure or grace
periods and Tenant has not surrendered or abandoned the Leased Premises at the
time Mortgagee shall so acquire title to and possession of the Premises:

            (i) Tenant shall be deemed to have made a full and complete
            attornment to Mortgagee so as to establish direct privity between
            Mortgagee and Tenant;

            (ii) all obligations of Tenant under the Lease shall continue in
            full force and effect and be enforceable against Tenant by
            Mortgagee, with the same force and effect as if the Lease had
            originally been made and entered into directly by and between
            Mortgagee, as landlord thereunder, and Tenant; and

            (iii) Mortgagee shall recognize and accept the rights of Tenant
            under the Lease and, subject to the provisions of Paragraphs 6 and 7
            hereof, shall thereafter assume the obligations of Owner under the
            Lease in respect of Owner's obligations under the Lease thereafter
            falling due subject, in all events, to (A) the provisions of
            Paragraph 6 and 7 below and (B) Tenant's waiver, as against
            Mortgagee, of any defaults of Owner (whether or not curable) which
            occurred prior to Mortgagee acquiring title to, and possession of,
            the Premises.

      6. (a) Nothing herein contained shall impose any obligation upon Mortgagee
to perform any of the obligations of Owner under the Lease, unless and until
Mortgagee shall take possession of the Premises, and, in any event, Mortgagee
shall have no liability with respect to any acts or omissions of Owner occurring
prior to the date on which Mortgagee shall take possession of the Premises.

            (b) Notwithstanding anything to the contrary contained herein,
officers, directors, shareholders, agents, servants and employees of Mortgagee
shall have no personal liability to Tenant and the liability of Mortgagee, in
any event, shall not exceed and shall be limited to Mortgagee's interest in the
Premises.

      7. Tenant hereby agrees that notwithstanding anything to the contrary in
this Agreement or the Lease:

            (a) no amendment, modification, termination, assignment or sublease
of the Lease shall be effective against Mortgagee, unless consented to in
writing by Mortgagee;

                                    Page I-2
<PAGE>   66

            (b) Mortgagee shall not be bound by any advance payment of rent or
additional rent to Owner (or its predecessors-in-interest) in excess of one
month's prepayment thereof, in the case of rent, or in excess of one periodic
payment in advance, in the case of additional rent, except as specifically
provided in the Lease or expressly approved in writing by Mortgagee;

            (c) Mortgagee shall not be liable for any act or omission of Owner
(or, its predecessor-in-interest);

            (d) Mortgagee shall not be subject to any offsets or defenses which
Tenant might have against Owner;

            (e) Mortgagee shall not be bound by any covenant to undertake or
complete any construction of the Premises, the Leased Premises or any portion
thereof;

            (f) Mortgagee shall not be bound by any obligation of Owner to make
any payment to Tenant, except that (i) Mortgagee shall be liable for the timely
return of any security or other deposit actually received by Mortgagee and (ii)
Mortgagee shall be liable on account of any prepayments of rent or other charges
owing to Tenant if the funds are actually received by Mortgagee;

            (g) Mortgagee shall not be bound by any obligation to repair,
replace, rebuild or restore the Premises, the Leased Premises, or any part
thereof, in the event of damage by fire or other casualty, or in the event of
partial condemnation, beyond such repair, replacement, rebuilding or restoration
as can reasonably be accomplished with the use of the net insurance proceeds or
the net condemnation award actually received by or made available to Mortgagee,
and

            (h) Mortgagee shall not be required to remove any person occupying
the Leased Premises or any part thereof.

      8. Tenant hereby agrees to provide Mortgagee with prompt notice of any
asserted default by Owner of its obligations under the Lease. In the event any
such asserted default constitutes a legal basis for the cancellation of the
Lease by Tenant, Tenant hereby agrees that the Lease shall not be canceled or
terminated until Mortgagee shall have a reasonable period of time within which
to (a) obtain possession of the Leased Premises, and (b) cure such default.

      9. Tenant and Owner hereby agree that, in the event that Mortgagee
delivers to Tenant a notice (i) stating that an Event of Default (as defined in
the Mortgage [or any of them] has occurred under the Mortgage [or any of them]
or any other Loan Document and (ii) requesting that all rent and additional rent
due under the Lease be thereafter paid to Mortgagee, Tenant shall pay, and is
hereby authorized and directed by Owner to pay, such rent and additional rent
directly to Mortgagee. Delivery to Tenant of the aforedescribed notice from
Mortgagee shall be conclusive evidence of the right of Mortgagee to receive such
rents and payment of the rents by Tenant to Mortgagee pursuant to such notice
shall constitute performance in full of Tenant's obligation under the Lease to
pay such rents to Owner. If and to the extent that the Lease or any provision of
law shall entitle Tenant to notice of any mortgage, Tenant acknowledges and
agrees that this Agreement shall constitute such notice to Tenant of the
existence of the Motgages. Tenant acknowledges that it has notice that the Lease
and the rent and all other sums due thereunder have been assigned to Mortgagee
as part of the security for the Loan Documents.

      10. Each of Owner and Tenant represents and warrants to Mortgagee that, as
of the date hereof, there are no agreements other than the Lease in existence or
contemplated between Owner and Tenant, relating to the Premises or the Leased
Premises or with respect to any other matter related to Tenant's occupancy of
the Leased Premises.

      11. Owner, by its execution of this Agreement, agrees to be bound by and
to act in accordance with the terms and conditions hereinabove contained.

                                    Page I-3
<PAGE>   67

      12. This Agreement (i) shall be governed by and construed in accordance
with the laws of the state in which the Premises are located, (ii) contains the
entire agreement among the parties with respect to the subject matter hereof and
(iii) may not be modified, nor may any provision hereof be waived, orally or in
any manner other than by an agreement in writing signed by the parties hereto or
their respective successors, administrators and assigns.

      13. All notices to be given hereunder shall be in writing and shall be
deemed sufficiently given if (a) hand delivered, (b) delivered by reputable
overnight courier or (c) mailed by certified mail, return receipt requested, in
each case to the address of each party as set forth above. Each such notice
shall be deemed to be effective, in the case of mail deliveries, on the second
business day after mailing, and otherwise, upon receipted delivery. Any party
may change its address for notice by notifying the other parties hereunder in
accordance with the provisions of this Paragraph 13.

      14. All rights of Mortgagee hereunder shall accrue to, and all obligations
of Mortgagee shall be binding upon, Mortgagee, its successors, assigns and
nominees, including, without limitation, the grantee under a deed in lieu of
foreclosure and/or the purchaser of the Premises at a foreclosure sale or at any
sale of the Premises following the granting of a deed in lieu of foreclosure or
following foreclosure; provided, however, that following any sale or other
transfer of its interest in the Premises, Mortgagee, any such grantee or
purchaser (as the case may be) shall be fully released and discharged of and
from any and all obligations and liabilities of any kind hereunder or under the
Lease and/or Lender any such new lease. Without limiting the generality of the
foregoing, this Agreement shall be binding upon and inure to the benefit of the
successors, administrators and permitted assigns of Owner and Tenant hereto.

      IN WITNESS WHEREOF, this Agreement has been executed as of the day and
year first above set forth.

                                      Owner:    11200 RP ASSOCIATES L.P.
                                         By:    __________________, its General
                                                Partner

                                                By: _________________________
                                                Name: _______________________
                                                Title: ______________________

                                      Mortgagee: ____________________________

                                                By: _________________________
                                                Name: _______________________
                                                Title: ______________________

                                        Tenant: FINANCIAL INSIGHT SYSTEMS, INC.

                                                By: _________________________
                                                Name: _______________________
                                                Title: ______________________

                                    Page I-4
<PAGE>   68

State of ____________________)
                             ) ss.;
County of____________________)

      On this ____ day of _____________ 199__, before me personally came to me
known, who, being duly sworn, did depose and say that he resides at
_______________ that he is a _______________ of _____________________ a general
partner of 112000 RP ASSOCIATES L.P., a limited partnership, and that he has
authority to sign the same, and acknowledged that he executed the same as the
act and deed of said partnership.

      IN WITNESS WHEREOF, I have hereunto set my hand this __ day of __________,
199_.

                                  __________________________________
                                  Notary Public

                                  My Commission Expires: ___________

State of ____________________)
                             ) ss.;
County of____________________)

      On this ____ day of ______________ 199__, before me personally came to me
known, who being duly sworn, did depose and say that he resides at
_______________ that he is a _____________ of _____________,a _____________, the
corporation described in, and which executed, the foregoing instrument; and that
he signed his name thereto by order of the board of directors of said
corporation.

      IN WITNESS WHEREOF, I have hereunto set my hand this ___ day of
___________, 199_.

                                  __________________________________
                                  Notary Public

                                  My Commission Expires: ___________

State of ____________________)
                             ) ss.;
County of____________________)

      On this day of ______________ 199__, before me personally came to me
known, who being duly sworn, did depose and say that he resides at
______________ that he is a _________________ of FINANCIAL INSIGHT SYSTEMS,
INC., a Maryland corporation, the corporation described in, and which executed,
the foregoing instrument; and that he signed his name thereto by order of the
board of directors of said corporation.

      IN WITNESS WHEREOF, I have hereunto set my hand this ___ day of
___________, 199_.

                                  __________________________________
                                  Notary Public

                                  My Commission Expires: ___________

                                    Page I-5
<PAGE>   69

                                   SCHEDULE A

All of that certain lot or parcel of land, lying and being in 4TH ELECTION
DISTRICT, MONTGOMERY County, Maryland, and being more particularly described as
follows:

LOT NUMBERED NINETEEN (19) IN THE SUBDIVISION KNOWN AS "HIGGINS ESTATE" AS PER
PLAT THEREOF RECORDED IN PLAT BOOK 130, PLAT 15176, ONE OF THE LAND RECORDS OF
MONTGOMERY COUNTY, MARYLAND, CONTAINING 4.38087 ACRES, MORE OR LESS.

PARCEL I.D. NO.: 2479378

                                    Page I-6
<PAGE>   70

                                   SCHEDULE B

MODIFICATION AND RESTATEMENT OF DEEDS OF TRUST FROM NEW EDSON LIMITED
PARTNERSHIP, A MARYLAND LIMITED PARTNERSHIP TO JOSEPH F. BENKOWSKI AND JENNIFER
C. HOWELL, TRUSTEES, DATED NOVEMBER 16, 1988 AND RECORDED NOVEMBER 16, 1988 IN
LIBER 8566 FOLIO 758, AMONG THE LAND RECORDS OF MONTGOMERY COUNTY, MARYLAND FOR
THE BENEFIT OF CITICORP REAL ESTATE, INC. AS SUPPLEMENTED BY SECOND MODIFICATION
OF DEEDS OF TRUST DATED JUNE 15, 1989 AND RECORDED JUNE 19, 1989 IN LIBER 8869
FOLIO 161, AMONG THE LAND RECORDS OF MONTGOMERY COUNTY, MARYLAND. SAID
MODIFICATION AND RESTATEMENT OF DEEDS OF TRUST IS SUPPLEMENTAL TO (i) THAT
CERTAIN DEED OF TRUST AND SECURITY AGREEMENT RECORDED ON MARCH 20, 1984 IN THE
LAND RECORDS OF MONTGOMERY COUNTY, MARYLAND IN LIBER 6347 FOLIO 546, AND (ii)
THAT CERTAIN DEED OF TRUST AND SECURITY AGREEMENT RECORDED MARCH 6,1985 IN THE
LAND RECORDS OF MONTGOMERY COUNTY, MARYLAND IN LIBER 6667 FOLIO 153, (iii) EACH
AS MODIFIED AND CONSOLIDATED BY THAT CERTAIN CONSOLIDATION AND MODIFICATION OF
DEEDS OF TRUST RECORDED ON MARCH 6, 1985 IN THE AFORESAID LAND RECORDS IN LIBER
6667 FOLIO 192, AND THAT CERTAIN DEED OF TRUST AND SECURITY AGREEMENT RECORDED
IN THE AFORESAID LAND RECORDS IN LIBER 6667 FOLIO 198.

                                    Page I-7

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