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                                                                   EXHIBIT 10.51

                                                      Daleen Technologies, Inc.
                                                      902 Clint Moore Road
                                                      Suite 230
                                                      Boca Raton, FL  33487

                                 LEASE AGREEMENT

THIS LEASE AGREEMENT, made and entered into by and between Regent Holding, LLC,
a Florida limited liability company ("Landlord"), and Daleen Technologies, Inc.,
a Delaware company ("Tenant"):

                                   WITNESSETH:

         1.01 PREMISES: In consideration of the obligation of Tenant to pay rent
and of the other terms, provisions and covenants hereof, Landlord leases to
Tenant and Tenant leases from Landlord, all that portion of certain real
property situated within the County of Palm Beach, State of Florida, legally
described in Exhibit A , and the buildings and improvements to be constructed
thereon as outlined on the site plan contained in Exhibit B (the "Premises"),
including any truck loading areas specifically marked in red on said Exhibit B
for the exclusive use of Tenant. The Premises and the building within which the
Premises are located (the "Building") are part of a larger development (the
"Development") commonly known as Congress Corporate Plaza Phase II. The parties
agree that for the purposes of this Lease the Premises shall be deemed to
consist of approximately 17,853 Rentable Square Feet and the Development shall
be deemed to consist of approximately 106,100 Rentable Square Feet, as measured
by Landlord's predecessor in accordance with the methods of calculating areas
and volumes of buildings, as promulgated by The American Institute of
Architects. The Rentable Square Feet shall mean the square footage of the
Premises measured from the exterior roof line. Landlord and Tenant acknowledge
and accept the square footage as set forth in the Lease and neither Landlord nor
Tenant shall have the right to demand remeasurement or recalculation of the
Rentable Square Feet amounts within the Building or the Premises. Tenant shall
be entitled to the use of parking within the development at a ratio of four (4)
non-reserved parking spaces for each 1,000 rentable square feet it occupies
under this Lease.

         2.01 TERM OF LEASE: The term of this lease shall commence on the "Rent
Commencement Date", as hereinafter defined, and ending Sixty (60) months
thereafter, provided however, that in the event the rent commencement date is a
date other than the first day of a calendar month, said term shall extend for
said number of months in addition to the remainder of the calendar month
following the rent commencement date.

         2.02 RENT COMMENCEMENT DATE: The "Rent Commencement Date" shall be the
date of March 1 2004 ,. and Tenant's Lease with Landlord dated August 4, 1992
for Suite 226 ("Prior Lease") shall continue day to day at the usual rate until
the Rent Commencement Date. Tenant shall have no additional Rent obligation
beyond January 31, 2004, for Suite 138, per the lease dated August 28, 1998).
provided however, that if Landlord shall be delayed in substantial completion of
the Premises solely as a result of Tenant's changes in the Space Plan (attached
hereto as Exhibit C) or Working Drawings (attached hereto as Exhibit D), the
Rent Commencement Date and the payment of rent hereunder shall be delayed by the
number of days of such delay and the Prior Lease shall continue day to day at
the usual rate until the Rent Commencement Date. Such continuation shall not be
considered a hold over pursuant to the terms of the Prior Lease. Tenant
acknowledges that no representations as to the repair of the premises have been
made by Landlord, unless such are expressly set forth in the lease. After such
"Rent Commencement Date" Tenant shall, upon demand, execute and deliver to
Landlord a letter of acceptance of delivery of the premises. In the event of any
dispute as to substantial completion of work performed, execute or required to
be performed by Landlord, the certificate of Landlord's architect or general
contractor shall be conclusive.

         3.01 BASE RENT: Tenant agrees to pay to Landlord rent for the premises,
in advance on or before the first of the month, without demand, deduction or set
off, for the entire term hereof according to the following Schedule:

         MONTH            MONTHLY BASE RENT         ANNUAL BASE RENT
         -----            -----------------         ----------------

         1-12             $16,427.76                $197,097.12
         13-24            $16,915.72                $202,988.61
         25-36            $17,421.55                $209,058.63
         37-47            $17,942.27                $197,364.91
         48               $0.00                     $0.00
         49-60            $18,492.73                $221,912.79

         4.01 SECURITY DEPOSIT: Tenant agrees to deposit with Landlord on the
date prior to commencement of any of the Tenant Improvements, including any
necessary demolition work, but in no event later than January 5, 2004, the sum
of FORTY-FIVE THOUSAND SEVEN HUNDRED FORTY-FOUR AND 08/100 DOLLARS ($45,744.08),
which sum shall be held by Landlord, without obligation for interest, as
security for the full, timely and faithful performance of Tenant's covenants and
obligations under this Lease, it being expressly agreed that such deposit is not
an advance rental deposit or a measure of Landlord's damages. Upon the
occurrence of any event of default by Tenant, Landlord may, from time to time,
without prejudice to any other remedy, use such funds to the extent necessary to
make good any arrears of rent or other payments due Landlord hereunder, and any
other damage, injury, expense or liability caused by Tenant's default and Tenant
shall pay to Landlord on demand the amount so applied in order to restore the
security deposit to its original amount. Although the security deposit shall be
deemed the property of Landlord, any remaining balance of such deposit shall be
returned to Tenant by Landlord at such time after termination of this Lease when
Landlord shall have reasonably determined that all Tenant's obligations under
this Lease have been fulfilled. In no event is the security deposit to be
returned until Tenant has vacated the Premises and delivered possession to
Landlord. Landlord shall not be obligated to hold the security deposit in a
separate fund, but may mix the security deposit with other funds of the
Landlord.

         4.02 LETTER OF CREDIT: In addition to the Security Deposit paid by
Tenant under the Lease (Paragraph 4.01), Tenant agrees to supply Landlord with
an irrevocable Letter of Credit in the amount of $52,000.00 within ten (10) days
of execution of this Lease Agreement, drawn on Silicon Valley Bank. The Letter
of Credit must specify that it will be in full force and effect until thirty
(30) days after the expiration of the Lease Term unless otherwise released
pursuant to the terms of the Lease Agreement. Provided Tenant has not been in

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monetary default or an uncured material default of the Lease at any time and
Tenant remains a Tenant in good standing, the Letter of Credit shall be reduced
by twenty percent (20%) per year at the expiration of each twelve-month period.
Notwithstanding the foregoing, at the end of the second twelve month period
(twenty-four months after the Rent Commencement Date, hereinafter referred to as
the "Second Year Anniversary") or at anytime thereafter, provided Tenant has not
been in monetary default or an uncured material default of the Lease, is a
Tenant in good standing and Tenant has been profitable for the twelve (12) month
period immediately preceding the Second Year Anniversary, Landlord shall release
the Letter of Credit in its entirety. Tenant shall provide Landlord with audited
financial statements for the purpose of determining Tenant's profitability.

         5.01 PERMITTED USE: The Premises shall be continuously used for the
sole purpose of general business offices and/ or for receiving, storing,
shipping, selling (other than at retail) and providing products, materials,
services and merchandise made and/or distributed by Tenant and for no other use
or purpose. Tenant shall at its own cost and expense obtain any and all licenses
and permits necessary for any such use. Landlord assumes no responsibility for
damage, burglary or any casualty whatsoever to such vehicles. The overnight
parking of automobiles, trucks or other vehicles, and the outside storage of any
property including trash or garbage are prohibited. Tenant agrees that it shall,
at its own cost and expenses keep its employees, agents, customers, invitee,
and/or licensees from parking on any streets running through or contiguous to
the buildings or development of which the premises are part thereof. Tenant
agrees that no washing of any type will take place in the premises including the
truck apron and parking areas, however Tenant shall be permitted to have its
employee's cars washed by a car wash service on an occasional basis. Tenant
shall not permit any objectionable or unpleasant odors, smoke, dust, gas, noise
or vibrations to emanate from the Premises, nor take any other action which
would constitute a nuisance or would disturb or endanger any other tenants of
Development or unreasonably interfere with such tenants' use of their respective
premises or permit any use which would adversely affect the reputation of the
Development. Tenant shall not receive, store or otherwise handle any product,
material or merchandise which is explosive, highly flammable or constitutes a
hazardous substance or waste, with the exception of commercially acceptable
office supplies. Tenant shall not permit the Premises to be used for any purpose
(including, without limitation, the storage of merchandise) in any manner which
would render the insurance thereon void or increase the insurance rate thereof.
Tenant agrees to indemnify and hold Landlord harmless against any and all loss,
costs and claims, including attorney's fees relating to the improper storage,
handling, transportation or disposal of explosive, highly flammable or hazardous
materials or resulting from any other improper use. Tenant shall comply with all
governmental laws, ordinances and regulations applicable to Tenant's use of the
Premises, and shall promptly comply with all governmental orders and directives
for the correction, prevention and abatement of any violations or nuisances in
or upon, or connected with, Tenant's use of the Premises, all at Tenant's sole
expense. If, as a result of any change in the governmental laws, ordinances and
regulations, the Premises must be altered to accommodate lawfully the use and
occupancy thereof, such alterations shall be made only with the consent of
Landlord, but the entire cost thereof shall be borne by Tenant; provided that
the necessity of Landlord's consent shall in no way create any liability against
Landlord for failure of Tenant to comply with such laws, ordinances and
regulations. by Tenant shall take whatever other actions are necessary so that
Tenant's use of the Premises complies with the Fire Prevention Code of the
National Fire Protection Association and any other fire prevention laws,
ordinances, rules or regulations applicable to the Premises.

         6.01 TENANT'S TAXES: Tenant shall be responsible to pay before
delinquency all franchise taxes, assessments, levies or charges measured by or
based in whole or in part upon the rents payable hereunder or the gross receipts
of Tenant and all sales taxes and other taxes imposed upon or assessed by reason
of the rents and other charges payable hereunder. The Florida sales tax imposed
on rent and on other charges payable hereunder shall be paid by Tenant to
Landlord with the payment of Tenant's rental payments and other charges payable
hereunder.

         7.01 DEFINITION OF OPERATING COSTS: The term "Operating Costs" shall
mean all costs and expenses paid or incurred by Landlord or on Landlord's behalf
in connection with the ownership, management, repair, replacement, remodeling,
maintenance and operation of the Development (including, without limitation, all
assessed real property taxes, assessments (whether general or special) and
governmental charges of any kind and nature whatsoever including assessments due
to deed restrictions and/or owner's associations, which accrue against the
building and/or development of which the premises are a part, the costs of
maintaining and repairing parking lots, parking structures, easements, and
landscaping, property management fees, utility costs to the extent not
separately metered, insurance premiums, depreciation of the costs of replacement
(as defined below) of the building and improvements in the Development but not
including any structural repairs or replacements which are normally chargeable
to capital accounts under sound accounting principles. The term "operating
costs" does not include; (i) costs of alterations of tenants' premises; (ii)
costs of curing construction defects; (iii) interest and principal payments on
mortgages, and other debt cost; (iv) real estate brokers' leasing commissions or
compensation; (v) any cost or expenditure for which Landlord is reimbursed,
whether by insurance proceeds or otherwise; (vi) cost of any service furnished
to any other occupant of the Building which Landlord does not provide to tenant
hereunder. Structural repairs and replacements are repairs and replacements to
the foundations, load-bearing walls, columns and joists and replacement of
roofing and roof deck. Notwithstanding anything contained herein to the
contrary, depreciation of any capital improvements which are intended to reduce
Operating Costs, or are required under any governmental laws, regulations or
ordinances which were not applicable to the Building or the Development at the
time it was constructed, or are recommended by the N.F.P.A. Life Safety Code,
shall be included in Operating Costs. The useful life of any such improvement as
well as all nonstructural replacements shall be reasonably determined by
Landlord in accordance with generally accepted accounting principles. In
addition, interest on the undepreciated cost of any such improvement or
non-structural replacement (at the prevailing construction loan rate available
to Landlord on the date the cost of such improvement was incurred) shall also be
included in Operating Costs. If Landlord selects the accrual method of
accounting rather than the cash accounting method for Operating Costs purposes,
Operating Costs shall be deemed to have been paid when such expenses have
accrued, in accordance with generally accepted accounting principles, provided
that change in the use of accounting method does not take effect until the
beginning of the next full calendar year. Landlord shall have the right at any
time and from time to time to elect, which election shall be subject to
revocation, to exclude that portion of Operating Costs attributable to any
separately assessed part of the Development and any separate building within the
Development. During any period that Operating Costs attributable to any
separately assessed part of the Development and/or separate building are so
excluded from Operating Costs, then for the purposes of calculating Tenant's
proportionate share of Operating Costs as provided in Section 7.02, the
denominator shall not include the rentable area of such separately assessed part
of the Development and/or such separate building. Landlord may, in a reasonable
manner, allocate insurance premiums for so-called "blanket" insurance policies
which insure other properties as well as the Development and said allocated
amount shall be deemed to be an Operating Cost.

If at any time during the term of this lease, the present method of taxation
shall be changed so that in lieu of the whole or any part of any taxes,
assessments or governmental charges levied, assessed or imposed on real estate

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and the improvements thereon, there shall be levied, assessed or imposed on
Landlord a capital levy or other tax directly on the rents received therefrom
and/ or a franchise tax, assessment, levy or charge measured by or based, in
whole or in part, upon such rents for the present or any future building or
buildings on the premises, then all such taxes, assessments, levies or charges,
or the part thereof so measured or based, shall be deemed to be included within
the term "taxes" for the purposes hereof.

         7.02 TENANT'S PROPORTIONATE SHARE OF OPERATING COSTS: Tenant shall pay
to Landlord, as additional rent, its proportionate share of operating costs
calculated in accordance with generally accepted accounting principles on the
basis of the ratio set forth in Section 8.01. Any payments with respect to any
partial calendar year in which the Term commences or ends shall be prorated.
Tenant agrees to pay $5,281.51 per month as an escrow amount for operating costs
as defined in Article 7.01. Landlord may, at any time, deliver to Tenant its
estimate (or revised estimate) of such additional amounts payable under this
Section for each calendar year. On or before the first day of the next month and
on or before the first day of each month thereafter, Tenant shall pay to
Landlord as additional rent such amount as Landlord reasonably determines to be
necessary to bring and keep Tenant current. As soon as practicable after the
close of each calendar year, Landlord shall deliver to Tenant a statement
showing the total amount payable by Tenant under this Article. If such statement
shows an amount due from Tenant that is less than the estimated payments
previously paid by Tenant, it shall be accompanied by a refund of the excess to
Tenant or at Landlord's option the excess shall be credited against the next
monthly installment of rent. If such statement shows an amount due from Tenant
that is more than the estimated payments paid by Tenant, Tenant shall pay the
deficiency to Landlord, as additional rent. In the event an amount is due and is
not paid within thirty (30) days after the date of Landlord's statement to
Tenant, the unpaid amount shall bear interest at the rate of eighteen (18%)
percent per annum from the date of such statement until payment by tenant.
Landlord's failure to submit statements as called for herein shall not be deemed
to be a waiver of Tenant's requirement to pay the sums herein provided unless
such statements are not submitted within two (2) years. Landlord and Tenant
acknowledge that certain of the costs of management, operation and maintenance
of the Development are allocated among all of the buildings in the Development
using methods of allocation that are considered reasonable and appropriate under
the circumstances. Tenant hereby consents to such allocations provided that the
determination of such costs and the allocation of all or part thereof to
Operating Costs hereunder shall be in accordance with generally accepted
accounting principles applied on a consistent basis. Tenant or its'
representatives shall have the right after seven (7) days prior written notice
to Landlord to examine Landlord's books and records of Operating Costs during
normal business hours within ninety (90) days following the furnishing of the
statement to Tenant, and shall have thirty (30) days thereafter to notify
Landlord of any discrepancies. Should Tenant's audit find more than a 5%
difference in Operating Costs, Landlord agrees to pay for the cost of Tenant's
audit, not to exceed $2,000. Should Tenant's audit, find less than a 5%
difference in Operating Costs, Tenant agrees to pay for Landlord's costs of
defending such claim, not to exceed $2,000. Unless Tenant takes written
exception to any item within ninety (90) days following the furnishing of the
statement to Tenant (which item shall be paid in any event), such statement
shall be considered as final and accepted by Tenant. The taking of exception to
any item shall not excuse Tenant from the obligation to make timely payment
based upon the statement as delivered by Landlord. Furthermore, at Tenant's
request by written notice to Landlord, Landlord agrees to provide Tenant once
per year with a revised statement of Landlord's up-dated Operating Costs
estimates. Such statement shall be based on Landlord's best knowledge of same
and shall be used by Tenant only for information purposes and not to replace the
then current escrow amount for Operating Costs.

         8.01 TENANT'S PROPORTIONATE SHARE: (a) Tenant's "proportionate share"
as used in this Lease with respect to the Building shall mean a fraction the
numerator of which shall be the rentable area contained in the Premises and the
denominator of which shall be the rentable area contained in the Building, as
determined by Landlord. Tenant's "proportionate share" as used in this Lease
with respect to costs relating to more than the Building, shall mean a fraction
the numerator of which shall be the rentable area contained in the Premises and
the denominator of which shall be the rentable area of all buildings, as
determined by Landlord, within the Development. Notwithstanding anything
contained in the Lease to the contrary, Landlord shall have the right, from time
to time, to add to or exclude from the Development real property and any
buildings constructed thereon in accordance with generally accepted accounting
principles. In the event Landlord elects to add to or exclude from the
Development, Landlord shall notify Tenant in writing of any such addition or
exclusion which notice shall describe the property added or excluded. Tenant's
use and access to public utilities (including telephone lines, electricity and
water) shall be limited to Tenant's proportionate share as defined herein.

         9.01 TENANT'S OBLIGATIONS: (a) Tenant shall at its own cost and expense
keep and maintain all parts of the Premises and such portion of the Development
within the exclusive control of Tenant in good condition, promptly making all
necessary repairs and replacements, whether ordinary or extraordinary, with
materials and workmanship of the same character, kind and quality as the
original, including but not limited to, windows, glass and plate glass, doors,
skylights, any special office entries, interior walls and finish work, floors
and floor coverings, heating and air conditioning systems, interior electrical
systems and interior plumbing work and fixtures, sprinkler systems, water
heaters, dock board, truck doors, and dock bumpers. Tenant as part of its
obligation hereunder shall keep the whole of the Premises in a clean and
sanitary condition. Tenant will as far as possible keep all such parts of the
Premises from deteriorating, ordinary wear and tear excepted, and from falling
temporarily out of repair, and upon termination of this Lease in any way, Tenant
will yield up the Premises to Landlord in good condition and repair, loss by
fire or other casualty covered by insurance to be secured pursuant to Article 15
excepted (but not excepting any damage to glass or loss not reimbursed by
insurance because of the existence of a deductible under the appropriate
policy). Tenant shall not damage any demising wall or disturb the integrity and
supports provided by any demising wall and shall, at its sole cost and expense,
properly repair any damage or injury to any demising wall caused by Tenant or
its employees, agents or invitees. Tenant shall, at its own cost and expense, as
additional rent, pay for the repair of any damage to the Premises, the Building,
or the Development resulting from and/or caused in whole or in part by the
negligence or misconduct of Tenant, its agents, servants, employees, patrons,
customers, or any other person entering upon the Development as a result of
Tenant's business activities or caused by Tenant's default hereunder.

 If Tenant has complied with the maintenance requirements as described in this
Paragraph 9.01(b), and the HVAC system serving the Premises needs replacement(as
determined by a mutually agreeable independent HVAC contractor), whether whole
or in part, then Tenant's portion of the cost of replacement shall be the
pro-rata portion of the cost of replacement based upon the remainder of the
lease term and a 8 year life for the equipment. As example, if there is 2 years
remaining on the term, and a portion of the system needs replacement, Tenant's
portion would be 2/8 of the cost.

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         (b) Tenant at its own cost and expense, shall enter into a regularly
scheduled preventive maintenance/service contract with a maintenance contractor
approved by Landlord, for servicing all heating and air conditioning systems and
equipment servicing the Premises and an executed copy of such contract shall be
delivered to Landlord. Landlord acknowledges that the contract currently in
place is approved. This service contract must include all services suggested by
the equipment manufacturer within the operations/maintenance manual and must
become effective within thirty (30) days of the date Tenant takes possession of
the Premises. Landlord may (but shall not be required to), upon notice to
Tenant, elect to enter into such a maintenance service contract on behalf of
Tenant or perform the work itself and, in either case, charge Tenant therefore,
together with a reasonable charge for overhead.

         9.02 LANDLORD'S OBLIGATIONS: Landlord shall maintain in good repair,
reasonable wear and tear and any casualty covered by the provisions of Article
15 excepted, all parts of the Development, other than tenants' demised premises
or portions of the Development within the exclusive control of tenants of the
Development, making all necessary repairs and replacements, whether ordinary or
extraordinary structural or nonstructural, including roof, foundation, walls,
down spouts, gutters, regular mowing of any grass, trimming, weed removal and
general landscape maintenance, including any rail spur areas, exterior painting,
exterior lighting, exterior signs, water and sewage plumbing and the maintenance
of all paved areas including driveways and alleys, including, but not limited
to, cleaning, repaving, restripping and resealing. The term walls" as used
herein shall not include windows, glass or plate glass, doors, special store
front or office entry. Landlord will comply with all applicable laws and
regulations, including without limitation in completion of the Tenant
Improvements.

         9.03 INTERRUPTIONS OF SERVICE: Unless caused solely by the gross
negligence or willful misconduct of Landlord, interruptions of any service shall
not be deemed an eviction or disturbance of Tenant's use and possession of the
Premises, or render Landlord liable for damages by abatement of rent or
otherwise or relieve Tenant from performance of Tenant's obligations under this
lease. Should any equipment or machinery furnished by Landlord cease to function
properly, Landlord shall use reasonable diligence to repair the same. Similarly,
the curtailment, rationing or restriction on use of water, gas, electricity or
any resource, service or utility shall not affect Tenant's obligations hereunder
and Landlord may cooperate in a reasonable manner with the efforts of national,
state or local governmental agencies or utilities in reducing energy or other
resource consumption.

         9.04 NOTICE TO LANDLORD TO REPAIR: In the event Tenant discovers the
necessity for Landlord to repair any part of the Premises, Building or
Development, which Landlord is obligated to repair and maintain hereunder,
Tenant shall provide Landlord with written notice specifically describing the
repair or maintenance required. Landlord shall have a reasonable time, but in no
event more than sixty (60) days, to repair the Premises, Building or Development
if such repairs can be reasonably accomplished in said time period. If Landlord
is not diligently pursuing such repair in a timely and reasonable manner, then
Tenant shall provide written notice to Landlord of its intention to make such
repair at Landlord's expense. Such notice shall provide Landlord a reasonable
cure period. After the end of such cure period Tenant shall have the right to
repair and all reasonable costs incurred by Tenant shall offset rent due. In no
event shall Tenant be permitted to terminate this Lease as a consequence of
Landlord's failure to maintain or repair the Premises, Building or Development.

         10.01 ALTERATIONS: Tenant shall not make any alterations, additions or
improvements to the Premises (including, without limitation, the roof and wall
penetrations) for an amount greater than $10,000.00 without the prior written
consent or Landlord. If Landlord shall, consent to any alterations, additions or
improvements proposed by Tenant, Tenant shall construct the same in accordance
with all governmental laws, ordinances, rules and regulations and all
requirements of Landlord's and Tenant's insurance policies and only in
accordance with plans and specifications approved by Landlord; and any
contractor or person selected by Tenant to make the same, or, at Landlord's
option and discretion, the alterations, additions or improvements shall be made
by Landlord for Tenant's account and Tenant shall fully reimburse Landlord for
the entire cost thereof. Tenant may, without the consent of Landlord, but at its
own cost and expense and in good workmanlike manner erect such shelves, bins,
machinery and other trade fixtures as it may deem advisable, without altering
the basic character of the Building or Development and without overloading the
floor or damaging such Building or Development, and in each case after complying
with all applicable governmental laws, ordinances, regulations and other
requirements. All shelves, bins, machinery and trade fixtures installed by
Tenant may be removed by Tenant prior to the termination of this Lease if Tenant
so elects, and shall be removed by the date of termination of this Lease or upon
earlier vacating of the Premises if required by Landlord; upon any such removal
Tenant shall restore the Premises to their original condition. All such removals
and restoration shall be accomplished in a good and workmanlike manner so as not
to damage the primary structure or structural quality of the Building.
Notwithstanding anything contained in this section, Tenant shall not make any
alterations, additions or improvements to the Premises that include roof
penetrations without the prior written consent or Landlord.

         11.01 SIGNS AND WINDOW TREATMENT: Tenant shall not install any signs
upon the Building or Development. Landlord will provide, at Tenant's request and
cost, Landlord's standard identification sign, which sign shall be removed by
Tenant upon termination of this Lease at which time Tenant shall restore the
property to the same condition as prior to installation of said sign. Tenant
shall not install drapes, curtains, blinds or any window treatment without
Landlord's prior written consent, which shall not be unreasonably withheld.
Landlord may from time to time require Tenant to change its signage to conform
to a revised standard for the Building, provided Landlord pays the cost of
removing and replacing such signs. Landlord shall maintain all signs and the
reasonable cost thereof shall be charged to Tenant. Tenant shall be permitted to
retain its existing monument sign on Clint Moore Road at no additional rental
cost. The upkeep and maintenance of such signage shall be at Tenant's sole
expense and responsibility.

         12.01 INSPECTIONS: Landlord and Landlord's agents and representatives
shall have the right to enter and inspect the premises at any reasonable time
during business hours provided that Landlord give Tenant at least one (1) days
written notice, for the purpose of ascertaining the condition of the premises or
in order to make such repairs as may be required or permitted to be made by
Landlord under the terms of this lease. During the period that is six (6) months
prior to the end of the term hereof, Landlord and Landlord's agents and
representatives shall have the right to enter the premises at any reasonable
time during business hours provided that Landlord give Tenant at least one (1))
days written notice for the purpose of showing the premises and shall have the
right to erect on the premises a suitable sign indicating the premises are
available. Tenant shall give written notice to Landlord at least thirty (30)
days prior to vacating the premises and shall arrange to meet with Landlord for
a joint inspection of the premises prior to vacating. In the event of Tenant's
failure to give such notice or arrange such joint inspection, Landlord's
inspection at or after Tenant's vacating the premises shall be conclusively
deemed correct for purposes of determining Tenant's responsibility for repairs
and restoration.

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         13.01 UTILITIES: Tenant shall pay for all gas, heat, light, power,
telephone, and other utilities and services used on or from the Premises,
including without limitation, any maintenance charges for utilities. Tenant
shall furnish and install all electric light bulbs, tubes and ballasts, other
than those originally provided to the Premises by Landlord.

         14.01 ASSIGNMENT AND SUBLETTING: (a) Tenant shall not have the right to
assign, sublet, transfer or encumber this lease, or any interest therein,
without the prior written consent of Landlord, whose consent shall not be
unreasonably withheld. It shall be deemed reasonable for Landlord in determining
whether to withhold its consent to such proposed assignment or subletting, to
consider the usage, character, and reputation of the proposed sublessee or
assignee. Any attempted assignment, subletting, transfer or encumbrance by
Tenant in violation of the terms and covenants of this Paragraph shall be void.
All cash or other proceeds of any assignment, fifty (50%) percent of such
proceeds, less Tenant's reasonable costs incurred in connection with assigning
or subleasing the Premises, as exceed the rentals called for hereunder in the
case of a subletting and all cash or other proceeds of any other transfer of
Tenant's interest in this lease shall be paid to Landlord, whether such
assignment, subletting or other transfer is consented to by Landlord or not,
unless Landlord agrees to the contrary in writing, and Tenant hereby assigns all
rights it might have or ever acquire in any such proceeds to Landlord. Provided
there is no uncured default of the Lease, and Tenant remains liable to Landlord,
Landlord consent shall not be required in the event Tenant assigns this lease to
a wholly owned subsidiary or affiliate or in the event of a share purchase,
merger or sale of substantially all of the assets of Tenant provided, however,
Tenant shall provide notice thereof to the Landlord within 30 days of such
assignment. Tenant may advertise and offer said space for sublease at such terms
as determined by Tenant. These covenants shall run with the land and shall bind
Tenant and Tenant's heirs, executors, administrators, personal representatives,
representatives in any bankruptcy proceeding, successors and assigns. Any
assignee, sublessee or transferee of Tenant's interest in this lease (all such
assignees, sublessee and transferees being hereinafter referred to as
"successors"), by assuming Tenant's obligations hereunder shall assume liability
to Landlord for all amounts paid to persons other than Landlord by such
successors in contravention of this Paragraph. No assignment, subletting or
other transfer, whether consented to by Landlord or not, shall relieve Tenant of
its liability hereunder. Upon the occurrence of an "event of default" as
hereinafter defined, if the premises or any part thereof are then assigned or
sublet, Landlord, in addition to any other remedies herein provided, as provided
by law, may at its option collect directly from such assignee or subtenant all
rents becoming due to Tenant under such assignment or sublease and apply such
rent against any sums due to Landlord for Tenant hereunder, and no such
collection shall be construed to constitute a novation or a release of Tenant
from the further performance of Tenant's obligations hereunder.

         (b) If this lease is assigned to any person or entity pursuant to the
provisions of the Bankruptcy Code 11 U.S.C. 101 et seq., (The bankruptcy Code"),
any and all monies or other considerations payable or otherwise to be delivered
in connection with such assignment shall be paid or delivered to Landlord, shall
be and remain the exclusive property of Landlord and shall not constitute
property of Tenant or of the estate of Tenant within the meaning of the
Bankruptcy Code. Any and all monies or other considerations constituting
Landlord's property under the preceding sentence not paid or delivered to
Landlord shall be held in trust for the benefit of the Landlord and be promptly
paid or delivered to Landlord.

         (c) Any person or entity to which this lease is assigned pursuant to
the provisions of the Bankruptcy Code, shall be deemed, without further act or
deed, to have assumed all of the obligations arising under this lease on and
after the date of such assignment. Any such assignee shall upon demand execute
and deliver to Landlord an instrument confirming such assumption.

         15.01 FIRE AND CASUALTY DAMAGE: (a) Landlord agrees to maintain
insurance covering the building of which the premises are a part in an amount
not less than eighty (80%) percent (or such greater percentage as may be
necessary to comply with the provisions of any co-insurance clauses of the
policy) of the replacement cost thereof, insuring against the perils of Fire,
Lightning, Windstorm, Extended Coverage, Vandalism and Malicious Mischief,
extended by Special Extended Coverage Endorsement to insure against all other
Risks of Direct Physical Loss, such coverages and endorsements to be as defined,
provided and limited in the standard bureau forms prescribed by the insurance
regulatory authority for the state in which the premises are situated for use by
insurance companies admitted in such state for the writing of such insurance on
risks located within such state. Subject to the provisions of subparagraphs
15.01 (c), 15.01 (d), and 15.01 (e) below, such insurance shall be for the sole
benefit of Landlord and under its sole control.

         (b) If the building situated upon the premises should be damaged or
destroyed by fire, tornado or other casualty, tenant shall give written notice
thereof to Landlord.

         (c) If the buildings situated upon the premises should be totally
destroyed by fire, tornado or other casualty, or if they should be so damaged
thereby that rebuilding or repairs cannot in Landlord's reasonable estimation be
completed within one hundred fifty (150) days after the date upon which Landlord
is notified by Tenant of such damage, this lease shall terminate and the rent
shall be abated during the unexpired portion of this lease, effective upon the
date of the occurrence of such damage.

         (d) If the buildings situated upon the premises should be damaged by
any peril covered by insurance to be provided by Landlord under subparagraph
15.01 (a) above, but only to such extent that rebuilding or repairs can in
Landlord's reasonable estimation be completed within one hundred fifty (150)
days after the date upon which Landlord is notified by Tenant of such damage,
this lease shall not terminate, and Landlord shall at its sole cost and expense
thereupon proceed with reasonable diligence to rebuild and repair such buildings
to substantially the condition in which they existed prior to such damage,
except that Landlord shall not be required to rebuild, repair or replace any
part of the partitions, fixtures, additions and other improvements which may
have been placed in, on or about the premises by Tenant unless Tenant pays the
cost associated with such rebuild, repair or replacement and except that
Landlord may elect not to rebuild if such damage occurs during the last year of
the term of the lease exclusive of any option which is unexercised at the time
of such damage. If the premises are untenantable in whole or in part following
such damage, the rent payable hereunder during the period in which they are
untenantable shall be reduced to such extent as may be fair and reasonable under
all of the circumstances. In the event that Landlord should fail to complete
such repairs and rebuilding within two hundred (200) days after the date upon
which Landlord is notified by Tenant of such damage, Tenant may at its option
terminate this lease by delivering written notice of termination to Landlord as
Tenant's exclusive remedy, whereupon all rights and or obligations hereunder
shall cease and terminate. Should construction be delayed because of changes,
deletions, or additions in construction requested by Tenant, strikes, lockouts,

                                       5
<PAGE>

casualties, acts of God, war, material or labor shortages, governmental
regulation or control or other causes beyond the reasonable control of Landlord,
the period of restoration, repair or rebuilding shall be extended for the time
Landlord is so delayed. To the extent Landlord undertakes to rebuild or repair
the Premises, Building or Development as a result of a casualty as set forth
herein, in no event shall Landlord's obligations exceed the amount of insurance
proceeds available (or insurance proceeds that would have been available if
Landlord carried the insurance required in Section 15.01 above with the
exception of any insurance coverages no longer customarily available to owners
of similar properties within the South Florida area at anytime beyond the
execution of this Lease Agreement.

         (e) Notwithstanding anything hereunto the contrary, in the event the
holder of any indebtedness secured by a mortgage or deed of trust covering the
premises requires that the insurance proceeds be applied to such indebtedness,
then Landlord shall have the right to terminate this lease by delivering written
notice of termination to Tenant within fifteen (15) days after such requirement
is made by any such holder, whereupon all rights and obligations hereunder shall
cease and terminate.

         (f) Each of Landlord and Tenant hereby releases the other from any loss
or damage to property caused by fire or any perils insured in policies of
insurance covering such property, even if such loss or damage shall have been
caused by the fault or negligence of the other party, or anyone for whom such
party may be responsible; provided, however, that this release shall be
applicable and in force and effect only with respect to loss or damage occurring
during such times as the releasor's policies shall contain a clause or
endorsement to the effect that any such release shall not adversely affect or
impair said policies or prejudice the right of the releasor to recover
thereunder and then only to the extent of the insurance proceeds payable under
such policies. Each of the Landlord and Tenant agrees that it will request its
insurance carriers to include in its policies such a clause or endorsement.

Landlord shall have no liability for any loss or damage to Tenant's business or
personal property arising out of, but not limited to any of the following
causes: hurricanes; excessive rain; roofing defects; bursting pipes; fire;
windstorm; malfunction of electrical system, HVAC, sewer or water system;
interruption of utility services unless caused by the gross negligence or
willful misconduct of Landlord or any of Landlord's agents on or about the
Premises, Building or Development.

         16.01 LIABILITY: Landlord shall not be liable to Tenant or Tenant's
employees, agents, patrons or visitors, or to any other person whomsoever, for
any injury to person or damage to property on or about the premises, resulting
from and/or caused in part or whole by the gross negligence or willful
misconduct of Tenant, its agents, servants or employees of any other person
entering upon the premises, or caused by the buildings and improvements located
on the premises becoming out of repair, or caused by leakage of gas, oil, water
or steam or by electricity emanating from the premises, and Tenant hereby
covenants and agrees that it will at all times indemnify and hold safe and
harmless the property, the Landlord (including without limitation the trustee
and beneficiaries if Landlord is a trust), Landlord's agents and employees from
any loss, liability, claims, suits, costs, expenses, including without
limitation attorney's fees and damages, both real and alleged, arising out of
any such damage or injury; except injury to persons or damage to property the
sole cause of which is the gross negligence or willful misconduct of Landlord or
the failure of Landlord to repair any part of the premises which Landlord is
obligated to repair and maintain hereunder after proper notice in accordance
with section 9.04 above.

         17.01 CONDEMNATION: (a) If the whole or any substantial part of the
Premises or Building should be taken for any public or quasi-public use under
governmental law, ordinance or regulation, or by right of eminent domain, or by
private purchase in lieu thereof and the taking would prevent or materially
interfere with the use of the Premises or Building for the purpose for which
they are then being used, this Lease shall terminate effective when the legal
taking shall occur as if the date of such taking were the date originally fixed
in the Lease for the expiration of the Term
         (b) If the part of the Premises or Building shall be taken for any
public or quasi-public use under governmental law, ordinance or regulation, or
by right of eminent domain, or by private purchase in lieu thereof, and this
Lease is not terminated as provided above, this Lease shall not terminate but
the rent payable hereunder during the unexpired portion of this Lease shall be
reduced to such extent as may be fair and reasonable under all of the
circumstances and Landlord shall undertake to restore the Premises to a
condition suitable for Tenant's use, as near to the condition thereof
immediately prior to such taking as is reasonably feasible under all the
circumstances.

         (c) In the event of any such taking or private purchase in lieu
thereof, Landlord and Tenant shall each be entitled to receive and retain such
separate awards and/or portion of lump sum awards as may be allocated to their
respective interests in any condemnation proceedings; provided that Tenant shall
not be entitled to receive any award for the loss of any improvements paid for
by Landlord or for Tenant's loss of its leasehold interest, the right to such
award as to such items being hereby assigned by Tenant to Landlord.

Notwithstanding any of the provisions within this Section 17.01, Landlord agrees
that it shall provide timely notice to Tenant upon Landlord's knowledge of same.

         18.01 HOLDING OVER: Tenant will, at the termination of this lease by
lapse of time or otherwise, yield up immediate possession to Landlord with all
repairs and maintenance required herein to be performed by Tenant completed. If
Landlord agrees in writing that Tenant may hold over after the expiration or
termination of this lease, unless the parties hereto otherwise agree in writing
on the terms of such holding over, the hold over tenancy shall be subject to
termination by Landlord at any time upon not less than fifteen (15) days advance
written notice, or by Tenant at any time upon not less than thirty (30) days
advance written notice, and all of the other terms and provisions of this lease
shall be applicable during that period, except that Tenant shall pay Landlord
from time to time upon demand, as rental for the period of any hold over, an
amount equal to double the rent in effect on the termination date, computed on a
daily basis for each day of the hold over period. Should Tenant provide nine (9)
months prior written notice of its intent to hold over beyond the term, Tenant
shall pay one hundred fifty (150%) percent of the rent in effect on the
termination date for the first two (2) months beyond the expiration date, and
double rent thereafter. Provided Landlord gives written notice to Tenant that
Landlord has entered into a Lease Agreement with a new tenant, Tenant shall also
pay to Landlord all damages sustained by Landlord resulting from retention of
possession by Tenant, including the loss of any proposed subsequent tenant for
any portion of the premises. No holding over by Tenant, whether with or without
consent of Landlord, shall operate to extend this lease except as otherwise
expressly provided. The preceding provisions of this paragraph shall not be
construed as consent for Tenant to hold over.

         19.01 QUIET ENJOYMENT: Landlord represents and warrants that it has
full right and authority to enter into this Lease and that Tenant, upon paying
the rental herein set forth and performing its other covenants and agreements

                                       6
<PAGE>

herein set forth, shall peaceably and quietly have, hold and enjoy the Premises
for the Term without hindrance or molestation from Landlord, subject to the
terms and provisions of this Lease. Landlord agrees to make reasonable efforts
to protect Tenant from interference or disturbance by other tenants or third
persons; however, Landlord shall not be liable for any such interference or
disturbance, nor shall Tenant be released from any of the obligations of this
Lease because of such interference or disturbance. In the event this Lease is a
sublease, then Tenant agrees to take the Premises subject to the provisions of
the prior lease.

         20.01 EVENTS OF DEFAULT: The following events shall be deemed to be
events of default by Tenant under this lease: (a) Tenant shall fail to pay any
installment of the rent herein reserved when due, or any other payment or
reimbursement to Landlord required herein when due and such failure shall
continue for a period of five (5) days from the date such payment was due.
Notwithstanding anything herein to the contrary, in the event Landlord does not
receive any installment on the due date, Landlord shall send written notice to
Tenant and if Tenant pays such installment within three (3) days of receipt of
the notice, the late payment of the installment shall not be an event of default
unless there are more than two (2) occurrences in any 12-month period in which
an installment is more than five (5) days late.

         (b) Tenant or any guarantor of Tenant's obligations hereunder shall
generally not pay its debts as they become due or shall admit in writing its
inability to pay its debts or shall make a general assignment for the benefit of
creditors; or Tenant or any such guarantor shall commence any case, proceeding
or other action seeking to have an order for relief entered on its behalf as a
debtor to adjudicate it as bankrupt or insolvent, or seeking reorganization or
relief of debtors or seeking appointment of a receiver, trustee, custodian or
other similar official for it or for all or of any substantial part of its
property; or Tenant or any such guarantor shall take any action to authorize or
in contemplation of any of the actions set forth above in this paragraph; or

          (c) Any case, proceeding or other action against Tenant or any
guarantor of Tenant's obligations hereunder shall be commenced seeking to have
an order for relief entered against it as debtor or to adjudicate it as bankrupt
or insolvent, or seeking reorganization, arrangement, adjustment, liquidation,
dissolution or composition of it or its debts under any law relating to
bankruptcy, insolvency, reorganization or relief of debtors, or seeking
appointment of a receiver, trustee, custodian or other similar official for it
or for all or any substantial part of its property.

         (d) A receiver or trustee shall be appointed for all or substantially
all of the assets of the Tenant.

         (e) Tenant shall desert or vacate any substantial portion of the
premises, unless Tenant agrees to maintain the HVAC and all other systems in
good condition including but not limited to maintaining temperature within the
Premises at no higher than 78 degrees Farenheit .

         (f) Caused as a result of Tenant's act or omission, Tenant shall fail
to discharge any lien placed upon the premises in violation of Paragraph 25.01
hereof within twenty (20) days after any such lien or encumbrance is filed
against the premises.

         (g) Tenant shall fail to comply with any material term, provision or
covenant of this lease (other than the foregoing in this Paragraph 20.01, and
shall not cure such failure within twenty (20) days after written notice thereof
to Tenant.

         (h) Tenant shall fail to continuously operate its business at the
premises for the permitted use set forth in Paragraph 5.01 whether or not Tenant
is in default of the rental payment due under this lease, unless Tenant agrees
to maintain the HVAC and all other systems in good condition including but not
limited to maintaining temperature within the Premises at no higher than 78
degrees Farenheit.

         20.02 REMEDIES: (a) Upon the occurrence of any of such events of
default described in Paragraph 20.01 hereof. Landlord shall have the option to
pursue any one or more of the following remedies without any notice or demand
whatsoever;

(1) Landlord, in addition to all rights and remedies provided in the Lease, may
declare the entire amount of the Base Rent which would have become due and
payable during the remainder of the Term of this Lease, as adjusted from time to
time, to be due and payable immediately, along with Tenant's proportionate share
of Operating Costs as defined in the Lease due for the remainder of the term of
the Lease. The projected operating costs due for the remainder of the lease
term, shall be actual operating costs due for the year of the default,
multiplied by the remaining term of the Lease. Tenant agrees to pay the
accelerated annual base rent, and additional rent charges to Landlord at once,
it being agreed that such payment shall constitute payment in advance of the
rent stipulated for the remainder of the Term. In the event Landlord collects
the accelerated rent from Tenant, Landlord shall pay Tenant for rents received
if the premises are relet less all and any expenses or expenditures incurred by
Landlord in procuring such replacement tenant. It is expressly understood that
Landlord shall have no obligation to relet the Demised Premises. The acceptance
by Landlord of the payment of the accelerated rent shall not constitute a waiver
of any default then existing or thereafter occurring hereunder, provided however
that Tenant shall not be obligated to pay any amounts above and beyond its
obligations under this Lease.

(2) In the event Landlord elects to repossess the Premises by eviction
proceedings or otherwise, he may do so with or without terminating this Lease,
and shall have the option of accelerating the annual base rent and additional
rent charges as set forth herein, in addition to pursuing any of the other
remedies set forth in the Lease or permitted by law.

(3) Terminate this lease, in which event Tenant shall immediately surrender the
premises to Landlord, and if Tenant fails so to do, Landlord may, without
prejudice to any other remedy which it may have for possession or arrearage in
rent, commence appropriate legal action for possession of the premises in
accordance with the laws of the state of Florida.

(4) Upon any termination of Tenant's right to possession only without
termination of the Lease, Landlord may, but need not, relet the Premises or any
part thereof for such rent and upon such terms as Landlord, in its sole
discretion, shall determine (including the right to relet the Premises for a
greater or lesser term than that remaining under this Lease, the right to relet
the Premises as a part of a larger area, and the right to change the character
use made of the Premises). If Landlord decides to relet the Premises or a duty
to relet is imposed upon Landlord by law, Landlord and Tenant agree that
Landlord shall only be required to use the same efforts Landlord then uses to
lease other properties Landlord owns or manages (or if the Premises is then

                                       7
<PAGE>

managed for Landlord, then Landlord will instruct such manager to use the same
efforts such manager then uses to lease other space or properties which it owns
or manages); provided, however, that Landlord (or its manager) shall not be
required to give any preference or priority to the showing or leasing of the
Premises over any other space that Landlord (or its manager) may be leasing or
have available and may place a suitable prospective tenant in any such available
space regardless of when such alternative space becomes available; provided,
further, that Landlord shall not be required to observe any instruction given by
Tenant about such reletting or accept any tenant offered by Tenant unless such
offered tenant has a credit worthiness reasonably acceptable to Landlord, leases
the entire Premises, agrees to use the Premises in a manner consistent with the
Lease and leases the Premises at the same rent, for no more than the current
term and on the same other terms and conditions as in this Lease without the
expenditure by Landlord for tenant improvements or broker's commissions. In such
case, Landlord may, but shall not be required to, make repairs, alterations and
additions in or to the Premises and redecorate the same to the extent Landlord
deems necessary or desirable, and Tenant shall, upon demand, pay the cost
thereof, together with Landlord's expenses of reletting, including, without
limitation, any broker's commission incurred by Landlord. If the consideration
collected by Landlord upon any such reletting plus any sums previously collected
from Tenant are not sufficient to pay the full amount of all rent, including any
amounts treated as additional rent hereunder and other sums reserved in this
Lease for the remaining portion of the Term, together with the costs of repairs,
alterations, additions, redecorating, and Landlord's expenses of reletting and
the collection of the rent accruing therefrom (including attorney's fees and
broker's commissions), Tenant shall pay to Landlord the amount of such
deficiency upon demand and Tenant agrees that Landlord may file suit to recover
any sums falling due under this subsection from time to time:

(5) In the event Tenant fails to pay any installment of rent hereunder within
seven (7) days of when such installment is due, to help defray the additional
cost to Landlord for processing such late payments Tenant shall pay to Landlord
on demand a late charge in an amount equal to five (5%) percent of such
installment; and the failure to pay such amount within five (5) days after
demand therefore shall be an event of default hereunder. The provision for such
late charge shall be in addition to all of Landlord's other rights and remedies
hereunder or at law and shall not be construed as liquidated damages or as
limiting Landlord's remedies in any manner.

(6) In the event Tenant's check, given to Landlord in payment, is returned by
the bank for non-payment, Tenant agrees to pay all expenses incurred by Landlord
as a result thereof.

(7) Pursuit of any of the foregoing remedies shall not preclude pursuit of any
of the other remedies herein provided or any other remedies provided by law (all
such remedies being cumulative), nor shall pursuit of any remedy herein provided
constitute a forfeiture or waiver of any rent due to Landlord hereunder or of
any damages accruing to Landlord by reason of the violation of any of the terms,
provisions and covenants herein contained. No act or thing done by Landlord or
its agents during the Term shall be deemed a termination of this Lease or an
acceptance of the surrender of the Premises, and no agreement to terminate this
Lease or accept a surrender of said Premises shall be valid unless in writing
signed by Landlord.

(8) In the event that Landlord elects to repossess the premises without
terminating the lease, or in the event Landlord elects to terminate the lease,
then Tenant at Landlord's option, shall be liable for and shall pay to Landlord,
at the address specified for notice to Landlord herein, all rental and other
indebtedness accrued to the date of such repossession, plus rental required to
be paid by Tenant to Landlord during the remainder of the lease term until the
date of expiration of the term as stated in Section 3.01 diminished by any net
sums thereafter received by Landlord through reletting the premises during said
period (after deducting expenses incurred by Landlord as provided in
subparagraph 20.02 (h). In no event shall Tenant be entitled to any excess of
any rental obtained by reletting over and above the rental herein reserved.
Actions to collect amounts due by Tenant to Landlord under this subparagraph may
be brought from time to time, on one or more occasions, without the necessity of
Landlord's waiting until expiration of the lease term.

(9) In case of any event of default or breach by Tenant, Tenant shall also be
liable for and shall pay to Landlord, at the address specified for notice to
Landlord herein, in addition to any sum provided to be paid above, brokers' fees
incurred by Landlord in connection with reletting the whole or any part of the
premises; the costs of removing and storing Tenant's or other occupant's
property; the costs of repairing, altering, remodeling or otherwise putting the
premises into condition acceptable to a new tenant or tenants, and all
reasonable expenses incurred by Landlord in enforcing or defending Landlord's
rights and/or remedies including reasonable attorney's fees.

(10) If Tenant should fail to make any payment or cure any default hereunder
within the time herein permitted, Landlord, without being under any obligations
to do so and without thereby waiving such default, may make such payment and/or
remedy such other default for the account of Tenant (and enter the premises for
such purpose), and thereupon Tenant shall be obligated to, and hereby agrees, to
pay Landlord upon demand, all costs, expenses and disbursements (including
reasonable attorney's fees) incurred by Landlord in taking such remedial action.

         21.01 RIGHTS RESERVED TO LANDLORD: Subject to the express rights and
obligations of Tenant contained herein, Landlord reserves and may exercise the
following rights without affecting Tenant's obligations hereunder:

(a)      To change the name or the street address of the Building or the
         Development upon reasonable notice to Tenant;

(b)      To install and maintain a sign or signs on the exterior of the
         Building;

(c)      To designate all sources furnishing sign painting and lettering, lamps
         and bulbs used on the Premises;

(d)      To retain at all times pass keys to the Premises;

(e)      To grant to anyone the exclusive right to conduct any particular
         business or undertaking in the Building or the Development, provided
         that it has no detrimental effect on Tenant's business;

(f)      To change the arrangement and/or location of entrances and corridors in
         and to the Building and to add, remove, rename or modify buildings,
         roadways, parking areas, walkways, landscaping, lakes, grading and
         other improvements in or to the Development.

         22.01 INTENTIONALLY OMITTED

         23.01 LANDLORD'S LIEN: Landlord shall retain all statutory rights
afforded by law.

         24.01 SUBORDINATION:. Tenant accepts this Lease subject and subordinate
to any mortgage and/or deed of trust now or at any time hereafter constituting a
lien or charge upon the Development, the Building, or the Premises, without the

                                       8
<PAGE>

necessity of any act or execution of any additional instrument of subordination;
provided, however, that if the mortgagee, trustee, or holder of any such
mortgage or deed of trust elects to have Tenant's interest in this Lease
superior to any such instrument, then by notice to Tenant from such mortgagee,
trustee or holder, this Lease shall be deemed superior to such lien, whether
this Lease was executed before or after said mortgage or deed of trust. Tenant
shall at any time hereafter on demand execute any instruments, releases or other
documents which may be required by any mortgagee for the purpose of evidencing
the subjection and subordination of this Lease to the lien of any such mortgage
or for the purpose of evidencing the superiority of this Lease to the lien of
any such mortgage as may be the case. Tenant upon request, shall be provided
with a non-disturbance agreement from Landlord's lender, at Tenant's sole cost
and expense.

         25.01 MECHANICS LIENS AND OTHER TAXES: (a) Tenant shall have no
authority, express or implied, to create or place any lien or encumbrance of any
kind or nature whatsoever upon, or in any manner to bind the interests of
Landlord in the premises or to charge the rentals payable hereunder for any
claim in favor of any person dealing with Tenant, including those who may
furnish materials or perform labor for any construction or repairs, and each
such claim shall affect and each such lien shall attach to, if at all, only the
leasehold interest granted to Tenant by this instrument. Neither Tenant nor
anyone claiming by, through or under Tenant, including, without limitation,
contractors, subcontractors, materialmen, mechanics and laborers, shall have any
right to file or place mechanic's, materialmen's or other liens of any kind
whatsoever upon the demised premises or upon the tract of land described on
Exhibit A, or any portion thereof; on the contrary, any such liens are
specifically prohibited and shall be null and void and of no further force or
effect.

Tenant covenants and agrees that it will pay or cause to be paid all sums
legally due and payable by it on account of any labor performed or materials
furnished in connection with any work performed on the premises on which any
lien is or can be validly and legally asserted against its leasehold interest in
the premises or the improvements thereon and that it will save and hold Landlord
harmless from any and all loss, cost or expense based on or arising out of
asserted claims or liens against the leasehold estate or against the right,
title and interest of the Landlord in the premises or under the terms of this
lease. Tenant agrees to give Landlord immediate written notice if any lien or
encumbrance is placed on the premises.

         (b) Tenant shall be liable for all taxes levied or assessed against
personal property, furniture or fixtures placed by Tenant in the premises. If
any such taxes for which Tenant is liable are levied or assessed against
Landlord or Landlord's property and if Landlord elects to pay the same or if the
assessed value of Landlord's property is increased by inclusion of personal
property, furniture or fixtures placed by Tenant in the premises, and Landlord
elects to pay the taxes based on such increase, Tenant shall pay to Landlord
upon demand that part of such taxes.

         26.01 NOTICES: Each provision of this instrument or of any applicable
governmental laws, ordinances regulations and other requirements with reference
to the sending, mailing or delivery of any notice or the making of any payment
shall be deemed to be complied with when and if the following steps are taken:

         (a) All rent and other payments required to be made by Tenant to
         Landlord shall be payable to: REGENT HOLDING, LLC or to such other
         entity at the such other address as Landlord may specify from time to
         time by written notice delivered in accordance herewith.

         (b) Any notice or document required or promised to be delivered
         hereunder shall be deemed to be delivered, whether actually received or
         not, when deposited in the United States Mail, postage prepaid,
         Certified or Registered Mail, addressed to the parties hereto at the
         respective addresses set out below, or at such other address as they
         have theretofore specified by written notice delivered in accordance
         herewith:

          Landlord:                            Tenant:

          REGENT HOLDING, LLC                  DALEEN TECHNOLOGIES, INC.
          C/O:  TRAMMELL CROW COMPANY          ATTENTION LEGAL DEPARTMENT
          1801 N. MILITARY TRAIL, SUITE 150    902 CLINT MOORE ROAD, SUITE 230
          BOCA RATON, FLORIDA 33431            BOCA RATON, FLORIDA 33487

If and when included within the term "Landlord", or "Tenant", as used in this
instrument, there is more than one person, firm or corporation, all shall
jointly arrange among themselves for their joint execution of such a notice
specifying some individual at some specific address for the receipt of notices
and payments. All parties included within the terms "Landlord" and "Tenant",
respectively, shall be bound by notices given in accordance with the provisions
of this paragraph to the same effect as if each had received such notice.

         27.01 MISCELLANEOUS: (a) Words of any gender used in this Lease shall
         be held or construed to include any other gender, and words in the
         singular number shall be held to include the plural, unless the context
         otherwise requires.

         (b) The terms, provisions and covenants and conditions contained in
         this Lease shall apply to, inure to the benefit of, and be binding
         upon, the parties hereto and upon their respective heirs, legal
         representatives, successors and permitted assigns, except as otherwise
         herein expressly provided. Landlord shall have the right to assign any
         of its rights and obligations under this Lease and Landlord's grantee
         or Landlord's successor, as the case may be, shall upon such
         assignment, become Landlord hereunder, thereby freeing and relieving
         the grantor or assignor, as the case may be, of all covenants and
         obligations of Landlord hereunder. Each party agrees to furnish to the
         other, promptly upon demand, a secretary's certificate, proof of due
         authorization by partners, or other appropriate documentation
         evidencing the due authorization of such party to enter into this
         Lease. Nothing herein contained shall give any other tenant in the
         Development or the Building any enforceable rights either against
         Landlord or Tenant as a result of the covenants and obligations of
         either party set forth herein. If there is more than one Tenant, the
         obligations of Tenant shall be joint and several. Any indemnification
         of, insurance of, or option granted to Landlord shall also include or
         be exercisable by Landlord's agents and employees.

         (c) The captions inserted in this Lease are for convenience only and in
         no way define, limit or otherwise describe the scope or intent of this
         Lease, or any provision hereof, or in any way affect the interpretation
         of this Lease.

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<PAGE>

         (d) This provision is not intended to be a measure or agreed amount of
         Landlord's liability with respect to any particular breach and shall
         not be utilized by any court or otherwise for the purpose of
         determining any liability of Landlord hereunder, except only as a
         maximum amount not to be exceeded in any event. In addition, it is
         expressly understood and agreed that nothing in this Lease shall be
         construed as creating any liability against Landlord, or its successors
         and assigns, personally, and in particular without limiting the
         generality of the foregoing, there shall be no personal liability to
         pay any indebtedness accruing hereunder or to perform any covenant,
         either express or implied, herein contained, and that all personal
         liability of Landlord, or its successors and assigns, of every sort, if
         any, is hereby expressly waived by Tenant, and that so far as Landlord,
         or its successors and assigns is concerned Tenant shall look solely to
         Landlord's equity in the Development for the payment thereof.

         (e) Except as set forth in Section 8.01 above, this Lease may not be
         altered, changed or amended except by an instrument in writing signed
         by both parties hereto.

         (f) All obligations of Tenant not fully performed as of the expiration
         or earlier termination of the term of this Lease shall survive the
         expiration or earlier termination of the Term, including without
         limitation, all payment obligations with respect to Operating Costs and
         all obligations concerning the condition of the Premises. Upon the
         expiration or earlier termination of the Term, and prior to Tenant
         vacating the Premises, Landlord and Tenant shall jointly inspect the
         Premises and Tenant shall pay to Landlord any amount reasonably
         estimated by Landlord as necessary to put the Premises, including
         without limitation heating and air conditioning systems and equipment
         therein, in good condition and repair, provided however that Tenant
         shall not be responsible for such amounts if it kept in force during
         the term of the Lease the required maintenance contracts on such
         equipment. Any work required to be done by Tenant prior to its vacation
         of the Premises which has not been completed upon such vacation, shall
         be completed by Landlord and billed to Tenant at cost plus fifteen
         percent. Tenant shall also, prior to vacating the Premises, pay to
         Landlord the amount, as estimated by Landlord, of Tenant's obligation
         hereunder for Operating Costs. All such amounts shall be used and held
         by Landlord for payment of such obligations of Tenant hereunder, with
         Tenant being liable for any additional costs therefor upon demand by
         Landlord, or with any excess to be returned to Tenant after all such
         obligations have been determined and satisfied, as the case may be. Any
         security deposit held by Landlord shall be credited against the amount
         payable by Tenant under this Section.

         (g) If any clause, provision or portion of this Lease or the
         application thereof to any person or circumstance shall be invalid or
         unenforceable under applicable law, such event shall not affect, impair
         or render invalid or unenforceable the remainder of this Lease nor any
         other clause, phrase, provision or portion hereof, nor shall if affect
         the application of any clause, phrase, provision or portion hereof to
         other persons or circumstances, and it is also the intention of the
         parties to this Lease that in lieu of each such clause, phrase,
         provision or portion of this Lease that is invalid or unenforceable,
         there be added as a part of this Lease a clause, phrase, provision or
         portion as similar in terms to such invalid or unenforceable clause,
         phrase, provision or portion as may be possible and be valid and
         enforceable.

         (h) Submission of this Lease shall not be deemed to be a reservation of
         the Premises. Landlord shall not be bound hereby until its delivery to
         Tenant of an executed copy hereof signed by Landlord, already having
         been signed by Tenant, and until such delivery Landlord reserves the
         right to exhibit and lease the Premises to other prospective tenants.
         Notwithstanding anything contained herein to the contrary Landlord may
         withhold delivery of possession of the Premises from Tenant until such
         time as Tenant has paid to Landlord the security deposit required
         hereunder and the first month's rent as required hereunder, and any
         other sums required hereunder.

         (i) Tenant shall at any time and from time to time within ten (10 )
         business days after written request from Landlord, execute and deliver
         to Landlord an estoppel certificate, in form reasonably satisfactory to
         Landlord.

         (j) Whenever a time period is prescribed for action to be taken by the
         parties , each party shall not be liable or responsible for, and there
         shall be excluded from the computations for any such time period, any
         delays due to causes beyond the control of the other party, except as
         it relates to Tenant's obligation to pay any rent due to Landlord.

         (k) Radon is a naturally occurring radioactive gas that, when it has
         accumulated in a building in sufficient quantities, may present health
         risks to persons who are exposed to it over a time. Levels of radon
         that exceed federal and state guidelines have been found in buildings
         in Florida. Additional information regarding radon and radon testing
         may be obtained from your county public health unit. The above
         statement is incorporated in the lease as a requirement in order to
         comply with Florida Statute 404.056(8).

         28.01 EFFECTIVE DATE: All references in this Lease to the "date hereof"
         or similar references shall be deemed to refer to the last date in
         point of time, on which all parties hereto have executed this Lease.

         29.01 SURRENDER: Tenant shall peaceably surrender the Premises to
         Landlord on the expiration date, in accordance with Move Out Standards
         attached hereto as Exhibit E, except for (i) reasonable wear and tear;
         (ii) loss by fire or other casualty; and (iii) loss by condemnation.
         Tenant shall, on Landlord's request, remove Tenant's property on or
         before the expiration and promptly repair all damage to the premises or
         building caused by such removal.

         (b) If Tenant abandons or surrenders the premises, or is dispossessed
         by process of law or otherwise, Tenant shall remove its personal
         property from the Premises. If Tenant fails to remove its personal
         property, Landlord, at its option may treat such failure as a hold over
         as defined in the Lease, and/or may (without liability to Tenant for
         loss thereof), at Tenant's sole cost and in addition to Landlord's
         other rights and remedies under this Lease, at law or in equity: (a)
         remove and store such items; and /or (b) upon ten days prior notice to
         Tenant, sell all or any such items at private or public sale for such
         price as Landlord at its discretion may obtain. Landlord shall apply
         the proceeds of any such sale to any amounts due to Landlord under this
         Lease from Tenant (including Landlord's attorneys fees and other costs
         incurred in the removal, storage and/or sale of such items), with any
         remainder to be paid to Tenant.

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<PAGE>

         30.01 TENANT IMPROVEMENTS: Landlord at its sole cost and expense shall
         perform, or cause to be performed, certain Tenant Improvements ("Tenant
         Improvements") to the Premises as set forth in Exhibit D ("Construction
         Drawings"), attached and made a part hereof and mutually agreed upon by
         Landlord and Tenant. Furthermore, Landlord and Tenant agree that Tenant
         shall contribute $12,580.00 towards the costs of the Tenant
         Improvements, which Tenant shall pay 100% upon construction
         commencement. In the event Tenant elects to make any modifications to
         the Construction Drawings or Tenant Improvement Specifications, such
         modifications shall be made at Tenant's sole cost and expense
         ("Tenant's Share"). Tenant's Share (if such Tenant's Share actually
         increases the cost of the Tenant Improvements), if any, shall be paid
         by Tenant as additional rent, upon construction commencement Landlord
         shall perform, or cause to be performed the Tenant Improvements
         substantially in accordance with the Construction Drawings provided,
         however, that Landlord may make non-material changes in design or
         construction which are necessary in the reasonable judgment of Landlord
         or its architects, contractors, agents, or representatives. Landlord
         assumes no responsibility for existing improvements in the premises
         which do not meet building code. Tenant also may alter or modify the
         Construction Drawings at any time, but any such change, alteration, or
         modification is subject to Landlord's reasonable approval, and must
         conform to all relevant building codes, ordinances, regulations, energy
         regulations, and any other governmental requirements. The cost of such
         change, alteration, or modification by the Tenant shall be at the
         Tenant's sole cost and expense, and shall delay the Rent Commencement
         Date as outlined within Section 2.02 of this Lease Agreement.

         The cost of any changes and/or additions made to the Premises at the
         request of Tenant after Landlord and Tenant have agreed on the
         Construction Drawings, including, but not limited to, the actual cost
         of such changes and/or additions, the cost of revisions in the plans
         and specifications and the cost of any delays in construction, whether
         or not such changes are finally agreed to, shall be paid upon
         Landlord's presentation of a bill therefore, such amount shall be
         treated as additional rent.

         All work not within the scope of Landlord's construction of the
         Premises, such as the furnishing and installation of floor covering
         other than as described in the Tenant Improvement Specifications,
         furniture, telephone equipment, and office equipment, shall be
         furnished and installed by Tenant at Tenant's expense. Tenant shall
         conduct its work in such a manner as to maintain harmonious labor
         relations and as to not to interfere unreasonably with or delay the
         work of Landlord's contractors or the subcontractors of other tenants.
         Tenant's contractors, subcontractors, and labor shall be reasonably
         approved by Landlord and shall be subject to the administration
         supervision of Landlord's construction supervisor. Contractors and
         subcontractors engaged by Tenant shall employ persons and means to
         insure so far as may be possible the progress of the work without
         interruption on account of strikes, work stoppages, or similar causes
         for delay. Landlord shall give access to the Premises to Tenant to
         adapt the Premises for Tenant's use provided, however, that if such
         entry is prior to the Rent Commencement Date, such entry shall be
         subject to all of the terms and conditions of the Lease except the
         payment of rent, and such entry shall not delay the Rent Commencement
         Date. All work performed by Tenant or at Tenant's expense shall conform
         to and comply with any and all local, state, and federal building
         codes, ordinances, and the N.F.P.A. Life Safety Code.

         The parties acknowledge that the Tenant Improvement shall be completed
         while Tenant is occupying and doing business in the Premises. Landlord
         shall use reasonable efforts to complete the Tenant Improvements on or
         before March 11, 2004 in accordance with section 2.02 above. Tenant
         agrees to cooperate with Landlord and Landlord's Contractor to enable
         the Landlord to complete the Tenant Improvements promptly. Subject to
         delays by Tenant, any governmental authorities or by force majeure,
         should Landlord fail to substantially complete the Tenant Improvements
         by June 1, 2004, Tenant shall receive a per diem rent abatement for
         each day Landlord is late beyond June 1, 2004.

         Landlord agrees that it and its agents and contractors will comply with
         all applicable laws and regulations with respect to Tenant
         Improvements. Landlord further agrees that it and its agents and
         contractors will adhere to all reasonable Tenant policies while on the
         Premises, including without limitation Tenant's security policy.
         Landlord will ensure that throughout the course of completing the
         Tenant Improvements, it and its agents and contractors will keep the
         Premises reasonably free from litter and construction materials and
         will cooperate with Tenant to keep the interruption to Tenant's
         business at a minimum.

         31.01 INDEMNIFICATION: The Tenant will indemnify and hold harmless the
         Landlord against and from any and all claims arising from (i) the
         Tenant's occupancy of the Premises, (including, but not limited to,
         statutory liability and liability under workers' compensation laws),
         (ii) any breach or default in the performance of any obligation on the
         Tenant's part to be performed under the terms of this Lease, (iii) any
         act or negligence of the Tenant, or any officer, agent, employee,
         guest, or invitee of the Tenant, (iv) all costs, reasonable attorneys'
         fees, expenses and liabilities incurred in or about any such claim or
         any action or proceeding brought thereon, and, in any case, action or
         proceeding brought against the Landlord by reason of any such claim.
         The Tenant upon notice from the Landlord will defend the same at the
         Tenant's expense. (a). The Tenant, as a material part of the
         consideration to the Landlord assumes all risk of damage to property or
         injury to persons, in, upon or about the Premises, (i) except that the
         Tenant does not assume any risk for damage to the Tenant resulting from
         the willful misconduct or gross negligence of the Landlord or its
         authorized representatives, (ii) from any cause whatsoever except that
         which is caused by the failure of the Landlord to observe any of the
         terms and conditions of the Lease if such failure has persisted for an
         unreasonable period of time after written notice of such failure.

         The Landlord is not liable for any claims, costs or liabilities arising
         out of or in connection with the acts or omissions of any other tenants
         in the Building. The Tenant waives all of its claims in respect thereof
         against the Landlord.

         (b) Landlord agrees to indemnify and hold harmless the Tenant from and
         against claims for bodily injury and property damage: (i) in the Common
         Areas of the Building; and (ii) caused by the gross negligence,
         negligence or willful misconduct of the Landlord, its employees, agents
         or contractors, or (iii) any breach by the Landlord of its obligations
         under this Lease.

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<PAGE>

         32.01 INSURANCE BY TENANT: Tenant shall, during the Lease Term, procure
         at its expense and keep in force the following insurance:

         (1) Commercial general liability insurance naming the Landlord as an
         additional insured against any and all claims for bodily injury and
         property damage occurring in, or about the Premises arising out of
         Tenant's use and occupancy of the Premises. Such insurance shall have a
         combined single limit of not less than One Million Dollars ($1,000,000)
         per occurrence with a Two Million Dollar ($2,000,000) aggregate limit
         and excess umbrella liability insurance in the amount of Two Million
         Dollars ($2,000,000). If the Tenant has other locations that it owns or
         leases, the policy shall include an aggregate limit per location
         endorsement. Such liability insurance shall be primary and not
         contributing to any insurance available to Landlord and Landlord's
         insurance shall be in excess thereto. In no event shall the limits of
         such insurance be considered as limiting the liability of Tenant under
         this lease.

         (2) Personal property insurance insuring all equipment, trade fixtures,
         inventory, fixtures and personal property located on or in the Premises
         for perils covered by the cause of loss - special form (all risk)
         except, coverage for flood, earthquake and boiler and machinery. Such
         insurance shall be written on a replacement cost basis in an amount
         equal to one hundred percent (100%) of the full replacement value of
         the aggregate of the foregoing.

         (3) Workers' compensation insurance in accordance with statutory law
         and employers' liability insurance with a limit of not less than
         $100,000 per employee and $500,000 per occurrence.

         The policies required to be maintained by Tenant shall be with
         companies rated AX or better in the most current issue of Best's
         Insurance Reports. Insurers shall be licensed to do business in the
         state in which the Premises are located and domiciled in the USA. Any
         deductible amounts under any insurance policies required hereunder
         shall not exceed $100,000. Certificates of insurance shall be delivered
         to Landlord prior to the commencement date and annually thereafter
         within thirty (30) days after the expiration date of the old policy,
         however Tenant shall use best efforts to deliver new certificate prior
         to the expiration of the previous years policy. Tenant shall have the
         right to provide insurance coverage which it is obligated to carry
         pursuant to the terms hereof in a blanket policy, provided such blanket
         policy expressly affords coverage to the Premises and to Landlord as
         required by this Lease. Each policy of insurance shall provide
         notification to Landlord at least thirty (30) days prior to any
         cancellation or modification to reduce the insurance coverage.

         33.01 WAIVER OF SUBROGATION: Landlord and Tenant hereby mutually waive
         their respective rights to recovery against each other for any loss of,
         or damage to, either parties' property, to the extent that such loss or
         damage is insured by an insurance policy required by its insurer
         whereby the insurer waives its rights of subrogation against the other
         party. The provisions of this clause shall not apply in those instances
         in which waiver of subrogation would cause either party's insurance
         coverage to be voided or otherwise made uncollectible.

         34.01 ACCEPTANCE OF PREMISES/TENANT IMPROVEMENTS: Tenant acknowledges
         that it has inspected the Premises, knows the condition thereof, and
         accepts such Premises, and specifically the buildings and improvements
         comprising the same, in their present condition, as suitable for the
         purposes for which the Premises are leased, subject to Landlord's
         completion of the Tenant Improvements described in Paragraph 30.01.

         35.01 INSURANCE BY LANDLORD: Landlord shall, during the Lease Term,
         procure and keep in force the following insurance, the cost of which
         shall be deemed as Tenant's Proportionate Share of Operating Costs
         payable, by Tenant pursuant to Paragraph 7.02:
         (1) Property insurance insuring the building and improvements and
         rental value insurance for perils covered by the causes of loss -
         special form (all risk) and in addition coverage for flood, earthquake
         and boiler and machinery (if applicable). Such coverage (except for
         flood and earthquake) shall be written on a replacement cost basis
         equal to ninety percent (90%) of the full insurable replacement value
         of the foregoing and shall not cover Tenant's equipment, trade
         fixtures, inventory, fixtures or personal property located on or in the
         Premises.

         (2) Commercial general liability insurance against any and all claims
         for bodily injury and property damage occurring in or about the
         Building or the Land. Such insurance shall have a combined single limit
         of not less than One Million Dollars ($1,000,000) per occurrence per
         location with a Two Million Dollar ($2,000,000) aggregate limit.

         (3) Such other insurance as Landlord reasonably deems necessary and
         prudent or required by Landlord's beneficiaries or mortgagees of any
         deed of trust or mortgage encumbering the Premises.

         36.01 ADA - GENERAL COMPLIANCE: Beyond the Rent Commencement Date,
         Tenant, at Tenant's sole expense, shall comply with all laws, rules,
         orders, ordinances, directions, regulations and requirements of
         federal, state, county and municipal authorities now in force or which
         may hereafter be in force, which shall impose any duty upon the
         Landlord or Tenant with respect to the use or occupation of the
         Premises, and that the Tenant shall use all reasonable efforts to fully
         comply with the Americans With Disabilities Act.

         37.01 HAZARDOUS SUBSTANCE - GENERAL: The term "Hazardous Substances,"
         as used in this lease shall mean pollutants, contaminants, toxic or
         hazardous wastes, or any other substances the use and/or the removal of
         which is required or the use of which is restricted, prohibited or
         penalized by any "Environmental Law," which term shall mean any
         federal, state or local law, ordinance or other statute of a
         governmental or quasi-governmental authority relating to pollution or
         protection of the environment. Tenant hereby agrees that (i) no
         activity will be conducted on the Premises that will produce any
         Hazardous Substance, except for such activities that are part of the
         ordinary course of Tenant's business activities (the "Permitted
         Activities") provided said Permitted Activities are conducted in
         advance in writing by Landlord; Tenant shall be responsible for
         obtaining any required permits and paying any fees and providing any
         testing required by any governmental agency, (ii) the Premises will not
         be used in any manner for the storage of any Hazardous Substances

                                       12
<PAGE>

         except for the temporary storage of such materials that are used in the
         ordinary course of Tenant's business (the "Permitted Materials")
         provided such permitted Materials are properly stored in a manner and
         location meeting all Environmental Laws and approved in advance in
         writing by Landlord; Tenant shall be responsible for obtaining any
         required permits and paying any fees and providing any testing required
         by any governmental agency; (iii) no portion of the Premises will be
         used as a landfill or a dump; (iv) Tenant will not install any
         underground tanks of any type; (v) Tenant will not allow any surface or
         subsurface conditions to exist or come into existence that constitute,
         or with the passage of time may constitute a public or private
         nuisance; (vi) Tenant will not permit any Hazardous Substances to be
         brought into the Premises, except for the Permitted Materials described
         below, and if so brought or found located thereon, the same shall be
         immediately removed, with proper disposal, and all required cleanup
         procedures shall be diligently undertaken pursuant to all Environmental
         Laws. Landlord or Landlord's representative shall have the right but
         not the obligation to enter the Premises for the purpose of inspecting
         the storage, use and disposal of Permitted Materials to ensure
         compliance with all Environmental Laws. Should it be determined, in
         Landlord's sole reasonable opinion, that said Permitted Materials are
         being improperly stored, used, or disposed of, then Tenant shall
         immediately take such corrective action as reasonably requested by
         Landlord. Should Tenant fail to take such corrective action within 24
         hours, Landlord shall have the right to perform such work and Tenant
         shall promptly reimburse Landlord for any and all costs associated with
         said work. If at any time during or after the term of the lease, the
         Premises is found to be so contaminated or subject to said conditions,
         Tenant shall diligently institute proper and thorough cleanup
         procedures at Tenant's sole cost. Tenant agrees to indemnify and hold
         Landlord harmless from all claims, demand, actions, liabilities, costs,
         expenses, damages and obligations of any nature arising from or as a
         result of the use of the Premises by Landlord. The foregoing
         indemnification and the responsibilities of Tenant shall survive the
         termination or expiration of this Lease.

         38.01 OPTION TO RENEW: Provided Tenant has not been in default, and
         subject to Tenant providing written notice to Landlord no less than
         nine (9) months and no more than twelve (12) months prior to the
         expiration of the lease, Tenant shall have the option to extend the
         lease for an additional period of five (5) years upon the same terms
         and conditions with the exception of Base Rent, Tenant Improvements and
         the security provision under section 42 of the Lease and other
         provisions of this lease that due to their nature do not apply to a
         renewal term. Base Rent shall be negotiated in good faith by both
         parties based upon market terms at the time the option is exercised,
         except that Tenant shall not pay less than $12.94/SF in the first year
         of the renewal period. Landlord shall be responsible for recarpet and
         repaint only. The security provision under section 42 of this Lease
         shall not apply to the renewal term.

         39.01 BROKERS DISCLOSURE: Landlord covenants, warrants and represents
         that no broker or finder except Trammell Crow Realty Services, Inc., as
         Landlord's sole representative and Tenant covenants, warrants and
         represents that no broker or finder except Colliers Lanard and Lehrer,
         P.A., as Tenant's sole representative (Trammell Crow Realty Services,
         Inc. and Colliers Lanard and Lehrer, P.A. hereinafter collectively
         referred to as "Brokers") were instrumental in consummating this Lease
         and that neither Landlord nor Tenant has had conversations or
         negotiations with any broker, except Brokers, concerning the subject
         matter of this Lease. Each party agrees hereby to indemnify and hold
         the other harmless against and from any and all claims for any
         brokerage commissions or fees and all costs, expenses and liabilities,
         including, without limitation, attorneys' fees and expenses, arising
         out of any conversations or negotiations had by such party with any
         broker, except Brokers, or any breach of the foregoing covenant,
         warranty and representation.

         40.01 PREVAILING PARTY: The parties hereto shall have all remedies
         existing in law and equity to enforce the terms of or obligations
         arising out of the Lease. In the event any legal action or proceeding
         is commenced to interpret or enforce the terms of or obligations
         arising out of the Lease, or to recover damages for the breach thereof,
         the party prevailing in any such action or proceeding shall be entitled
         to recover reasonable attorney's fees, court costs and expenses, at
         both trial and appellate levels.

         41.01 WAIVER OF JURY TRIAL, RIGHT TO COUNTERCLAIM AND RIGHT OF
         REDEMPTION: It is mutually agreed by and between Landlord and Tenant
         that, to the fullest extent allowed by law, the respective parties
         hereto do hereby waive trial by jury in any action, proceeding or
         counterclaim brought by either party hereto against the other
         pertaining to any matter whatsoever arising out of or in any way
         connected with this Lease, Tenant's use of occupancy of the Premises or
         any claim of injury or damage. It is further mutually agreed that in
         the event Landlord commences any summary proceeding for possession of
         the Premises, Tenant will not interpose any counterclaim of whatever
         nature or description in any such proceeding but, rather, will assert
         any such claim which Tenant might have in a separate independent
         action. Furthermore, Tenant hereby expressly waives any and all rights
         of redemption granted by or under any present or future laws in the
         event of Tenant's being evicted or dispossessed for any cause, or in
         the event of Landlord's obtaining possession of the Premises, by reason
         of the violation by Tenant of any of the covenants and conditions of
         this Lease, or otherwise to redeem and repossess the Premises, or any
         part thereof, or to reinstate this Lease

         42.01 RIGHT OF FIRST REFUSAL: Landlord shall grant Tenant a Right of
         First Refusal to lease any space adjacent to its Premises ("ROFR
         Space") during the term of the lease. Landlord, upon receiving a bona
         fide third party offer to lease the ROFR Space, shall notify Tenant of
         the terms upon which the space has been proposed to be leased and
         Landlord's willingness to lease said space on those terms. Tenant shall
         have five (5) business days to notify Landlord of its willingness to
         lease the ROFR Space on those terms except that Landlord shall only be
         obligated to repaint and recarpet the ROFR Space and Tenant shall lease
         such space for a minimum of 3 years. Furthermore, Tenant's rental rate
         shall be adjusted to a reduced rate to reflect a smaller tenant
         improvement allowance and brokerage commission payable by Landlord, but
         in no event shall Tenant's rental rate for the ROFR space be lower than
         the Base Rental Rent Tenant is paying at the time it exercises its
         ROFR. Failure by Tenant to notify Landlord shall be deemed a decision
         by Tenant to not lease the ROFR Space. If the ROFR Space is ultimately
         not leased by such bona fide third party only, Tenant's right shall
         once again exist as to the ROFR Space. However, if the ROFR Space is
         leased and then subsequently becomes vacant, Landlord shall have no
         further obligation to offer such space to Tenant.

         43.01 SECURITY: Landlord shall provide manned security for no less than
         64 hours per week to patrol the Development. Tenant hereby agrees to
         pay Landlord as additional rent, 50% of Landlord's cost for the manned
         security. The remaining cost of the manned security shall be treated as
         an Operating Cost for the Development. Tenant shall pay to Landlord, as
         additional rent, its proportionate share of such Operating Cost
         calculated on the basis of the ratio set forth in Section 7.02

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<PAGE>

         The parties acknowledge that Landlord is currently affiliated with
         Congress Corporate Plaza I. Landlord may, in its sole discretion elect
         to share the cost of manned security with Congress Corporate Plaza I .
         In the event Landlord shares the cost of manned security with Congress
         Corporate Plaza I, Tenant will nonetheless, be obligated to pay 50% of
         Landlord's total cost of the manned security and Tenant's pro-rata
         share of the remaining 50% treated as an Operating Cost for the
         Development.

         44.01 MONITORING, INSPECTING AND REMEDIATING MOLD

         a.       MONITORING OF PREMISES. Tenant, as its sole cost and expense,
                  shall:

                  (i) Regularly monitor the Premises for the presence of mold or
                  for any conditions that reasonably can be expected to give
                  rise to mold (the "Mold Conditions"), including, but not
                  limited to, observed or suspected instances of water damage,
                  mold growth, repeated complaints of respiratory ailment or eye
                  irritation by Tenant's employees or any other occupants in the
                  Premises, or any notice from a governmental agency of
                  complaints regarding the indoor air quality at the Premises;
                  and

                  (ii) Promptly notify Landlord in writing if it suspects molds
                  or Mold Conditions at the Premises.

         b.       INSPECTION OF PREMISES. In the event of suspected mold or Mold
                  Conditions at the Premises, Tenant, shall promptly cause an
                  inspection of the Premises to be conducted to determine if
                  mold or Mold Conditions are present at the Premises, and
                  shall:

                  (i) Notify Landlord, in writing, at least three (3) days prior
                  to the inspection, of the date on which the inspection shall
                  occur and which portion of the Premises shall be subject to
                  the inspection;

                  (ii) Prepare an inspection report, keep the results of the
                  inspection report confidential, and promptly provide a copy to
                  Landlord.

         c.       REMEDIATION OF MOLD. In the event the inspection required by
                  Paragraph b hereof determines that mold or Mold Conditions are
                  present at the Premises, then

                  (i)      Tenant at its cost and expense shall promptly;

                           (A) Hire trained and experienced mold remediation
                           contractors to prepare a remediation plan and to
                           remediate the mold or Mold Conditions at the
                           Premises;

                           (B) Send Landlord notice, in writing, with a copy of
                           the remediation plan, at lease three (3) days prior
                           to the mold remediation.

                           (C) Provide Landlord with a draft of the mold
                           remediation report and give Landlord a reasonable
                           opportunity to review and comment thereon, and when
                           such report is finalized, promptly provide Landlord
                           with a copy of the final remediation report.

                  (ii)     The cost of inspection, remediation plan, and
                           remediation shall be paid by Tenant unless it is
                           determined that the Mold Conditions were caused by
                           the gross negligence, willful misconduct, and breach
                           of Lease of the Landlord.

         d.       POST-REMEDIATION INSPECTION. Tenant acknowledges and agrees
                  that Landlord shall have a reasonable opportunity to inspect
                  the remediated portion of the Premises after the conclusion of
                  the mold remediation. If the results of Landlord's inspection
                  indicate that the remediation does not comply with the final
                  remediation report or any other applicable federal, state, or
                  local laws, regulatory standards or guidelines, including,
                  without limitation, the EPA Guidelines, then Tenant, at its
                  sole cost and expenses, shall immediately take all further
                  actions necessary to ensure such compliance as set forth
                  above.

         The parties intending to be bound hereby execute or cause this Lease to
         be executed this 14th day of January, 2004.

WITNESSES:                                 LANDLORD: Regent Holding, LLC

/s/ ADAM STARR                             /s/ LEO GHETIS
---------------------------               ----------------------------------
                                           By: Leo Ghetis

                                           Title: President

WITNESSES:                                 TENANT: Daleen Technologies, Inc.

/s/ MARLENE INCE                           /s/ JEANNE PRAYTHER
---------------------------               ----------------------------------
                                           By: Jeanne Prather
/s/ PATRICIA KANOUSE
---------------------------

                                           Title: CFO

                                       14
<PAGE>

                                    EXHIBIT A

                                LEGAL DESCRIPTION

Congress Corporate Plaza Phase II, Building 3

Approximately 17,853 square feet of office space located in a building
containing approximately 53,022 square feet situated on a portion of
approximately 9.49 acres on a parcel of land lying in Section 6, Township 47
South, Range 43 East and being more particularly described as 902 Clint Moore
Road, Suite 230, Boca Raton, Florida 33487 as shown in Exhibit B. Further
described as Congress Corporate Plaza, Phase II situated within a development
known as Congress Corporate Plaza containing approximately 106,100 square feet.

                                       15
<PAGE>

                                    EXHIBIT B

                                DRAWINGS OMITTED

                                       16
<PAGE>

                                    EXHIBIT C

                                DRAWINGS OMITTED

                                       17
<PAGE>

                                    EXHIBIT D

                              CONSTRUCTION DRAWINGS

Attached approved Final Construction Drawings produced by Kravit Architectural
with revision date of December 23, 2003.

Project Number DT02
Signed by Lessor 1/14/04

                                       18
<PAGE>

                                    EXHIBIT E

                               MOVE OUT STANDARDS

At the expiration or earlier termination of this Lease, Tenant shall surrender
the Premises in the same condition as they were upon delivery of possession
thereto under this Lease (after completion of the Tenant Improvements),
reasonable wear and tear excepted, and shall deliver all keys to Landlord.
Before surrendering the Premises, Tenant shall remove all personal property,
trade fixtures, unless Landlord requests, in writing, that Tenant not remove
some or all of such fixtures (other than trade fixtures), additions or
improvements installed by or on behalf of Tenant (except the Tenant
Improvements) or situated in or about the Premises. By the date which is twenty
(20) days prior to such expiration or earlier termination of this Lease,
Landlord shall notify Tenant in writing of those fixtures (other than trade
fixtures), alterations, additions and other improvements which Landlord shall
require Tenant not to remove from the Premises. Tenant shall, at its sole cost
and expense, repair any damage caused by the installation or removal of such
signs, trade fixtures, furniture, furnishings, fixtures, additions and
improvements which are to be removed from the Premises by Tenant hereunder. If
Landlord fails to so notify Tenant at least twenty (20) days prior to such
expiration or earlier termination of this Lease, then Tenant shall remove all
tenant signage, alterations, furniture, furnishings, trade fixtures, additions
and other improvements (other than the Interior Improvements) installed in or
about the Premises by, or on behalf of Tenant. Tenant shall ensure that the
removal of such items and the repair of the Premises will be completed prior to
such expiration or earlier termination of this Lease. If Tenant fails to remove
its personal property and trade fixtures upon the expiration or earlier
termination of this Lease, the same shall be deemed abandoned, and Landlord
shall have the right to store or dispose of the abandoned property. If Landlord
does not elect to store such property, Landlord may consider such property to be
abandoned by Tenant, and Landlord may thereupon dispose of such property in any
manner deemed appropriate by Landlord. Any proceeds realized by Landlord on the
disposal of any such property shall be applied first to offset all expenses of
storage and sale, and then credited against Tenant's outstanding obligations to
Landlord under the Lease. Any balance remaining after satisfaction of all
obligations of Tenant under the Lease shall be delivered to Tenant. Any such
disposition shall not be considered a strict foreclosure or other exercise of
Landlord's rights in respect of the security interest granted under Section 27.

Tenant shall surrender the Premises, at the time of the expiration or earlier
termination of the Lease, in a condition that shall include, but is not limited
to, addressing the following items:

1.  Lights:                                 Premises lights will be fully
                                            operational with all bulbs
                                            functioning.

2.  Dock Levelers & Roll Up Doors:          Must be in good working condition.

3.  Dock Seals:                             Free of tears and broken backboards
                                            repaired.

4.  Warehouse Floor (if applicable):        Free of stains, clean and free of
                                            debris, and swept with no racking
                                            bolts, floor bolts or other
                                            protrusions left in floor. Patch all
                                            floors and repair cracks with an
                                            epoxy or polymer.

5.  Tenant-Installed Equipment & Wiring:    Removed and space turned to same
                                            condition when originally leased.
                                            (Remove air lines, junction boxes,
                                            conduit, etc.)

6.  Walls:                                  Sheetrock (drywall) damage must be
                                            patched and fire-taped so that there
                                            are no holes in any area of the
                                            Premises.

7.  Roof:                                   Any tenant-installed equipment must
                                            be removed and roof penetrations
                                            properly repaired by Landlord's
                                            licensed roofing contractor. Active
                                            leaks must be fixed by notifying
                                            Landlord.

8.  Signs:                                  All exterior signs must be removed,
                                            unless Tenant is otherwise notified
                                            by Landlord, as set forth in the
                                            first paragraph if this Exhibit D,
                                            and holes patched and paint
                                            touched-up as necessary. All window
                                            signs inside and outside, unless
                                            Tenant is otherwise notified by
                                            Landlord, as set forth in the first
                                            paragraph if this Exhibit D, must
                                            likewise be removed.

9.  Heating & Air Conditioning System:      A written report from a licensed
                                            HVAC contractor within the last
                                            three months stating that all
                                            evaporative coolers and heaters (if
                                            any) are operational and safe and
                                            that the HVAC System is also in good
                                            and safe operating condition. This
                                            section does not apply in the event
                                            a maintenance contract is maintained
                                            as required pursuant to the terms of
                                            the Lease.

10.  Overall Cleanliness:                   Clean windows, sanitize bathroom(s),
                                            vacuum carpet, and remove any and
                                            all debris from office and
                                            warehouse. Remove all pallets,
                                            debris and personal belongings from
                                            exterior of Premises.

11.  Upon Completion:                       Contact Landlord's property manager
                                            to coordinate date of turning off
                                            power, turning in keys, and
                                            obtaining final Landlord inspection
                                            of Premises which, in turn, will
                                            facilitate refund of the Security
                                            Deposit.

                                           Tenant's Initials     /s/ JTP
                                                                ---------------

                                          Landlord's Initials    /s/ LG
                                                                ---------------

                                       19<PAGE>
                                                                   EXHIBIT 10.52

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

                 EXPORT-IMPORT BANK LOAN AND SECURITY AGREEMENT

                                  BY AND AMONG

                 DALEEN TECHNOLOGIES, INC. AND ITS SUBSIDIARIES

                                       AND

                               SILICON VALLEY BANK

                                FEBRUARY 24, 2004

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

<PAGE>

         THIS EXPORT-IMPORT BANK LOAN AND SECURITY AGREEMENT (this "Agreement"
or this "Exim Agreement") dated February __, 2004, among SILICON VALLEY BANK
("Bank"), whose address is 3003 Tasman Drive, Santa Clara, California 95054 and
DALEEN TECHNOLOGIES, INC. whose address is 902 Clint Moore Road, Suite 230, Boca
Raton, Florida 33487 (the "Company") and each of the Subsidiaries who now or
hereafter are parties to this Exim Agreement (individually and collectively
"Borrower") provides the terms on which Bank will lend to Borrower and Borrower
will repay Bank. The parties agree as follows:

1.       ACCOUNTING AND OTHER TERMS

         Accounting terms not defined in this Exim Agreement will be construed
following GAAP calculations and determinations must be made following GAAP. The
term "financial statements" includes, to the extent prepared, the notes and
schedules. The terms "including" and "includes" always mean "including (or
includes) without limitation" in this or any Loan Document. This Exim Agreement
shall be construed to impart upon Bank a duty to act reasonably at all times.

2.       LOAN AND TERMS OF PAYMENT

2.1      ADVANCES.

         Borrower will pay Bank the unpaid principal amount of all Advances and
interest on the unpaid principal amount of the Advances.

2.1.1    ADVANCES.

         (a) Bank will make Advances not exceeding the Exim Committed Line.
Borrower may request Advances in any month up to the Maximum Amount Available to
be Advanced in such month, provided that at no time the outstanding amount of
Advances exceeds the Exim Committed Line. In the event that the Maximum Amount
Available to be advanced in any month is not advanced pursuant to this
Agreement, the portion which is not advanced will not be available to be
advanced in any subsequent month. Subject to the limitations set forth in this
Agreement, amounts borrowed under this Section may not be reborrowed during the
term of this Exim Agreement.

         (b) To obtain an Advance, Borrower must notify Bank by facsimile or
telephone by 3:00 p.m. Eastern time on the Business Day the Advance is to be
made. Borrower must promptly confirm the notification by delivering to Bank the
Payment/Advance Form attached as EXHIBIT B (the "Payment/Advance Form"). Bank
will credit Advances to Borrower's deposit account. Bank may make Credit
Extensions under this Exim Agreement based on instructions from a Responsible
Officer or his or her designee or without instructions if the Credit Extensions
are necessary to meet Obligations which have become due. Bank may rely on any
telephone notice given by a person whom Bank believes is a Responsible Officer
or designee. Borrower will indemnify Bank for any loss suffered by Bank from
that reliance.

         (c) The Exim Committed Line terminates on the Exim Maturity Date, when
all Advances and other amounts due under this Exim Agreement are immediately
payable.

2.2      OVERADVANCES.

         If Borrower's Obligations under Section 2.1.1 exceed the lesser of
either (i) the Exim Committed Line or (ii) the Maximum Amount Available to be
Advanced, Borrower must immediately pay Bank the excess.

<PAGE>

2.3      INTEREST RATE, PAYMENTS.

         (a) Interest Rate. Advances accrue interest on the outstanding
principal balance at a per annum rate equal to the greater of (i) six percent
(6.0%) per annum or (ii) two (2.%) percentage points above the Prime Rate. After
an Event of Default, Obligations accrue interest at five percent (5.0%) above
the rate effective immediately before the Event of Default. The interest rate
increases or decreases when the Prime Rate changes. Interest is computed on a
360 day year for the actual number of days elapsed.

         (b) Payments. Interest due on the Exim Committed Line is payable on the
fifteen (15th) day of each month. Bank may debit any of Borrower's deposit
accounts, including, the Collateral Account and Account Number 3300291045 for
principal and interest payments when due or any amounts Borrower owes Bank. Bank
will notify Borrower when it debits Borrower's accounts. These debits are not a
set-off. Payments received after 12:00 noon Eastern time are considered received
at the opening of business on the next Business Day. When a payment is due on a
day that is not a Business Day, the payment is due the next Business Day and
additional fees or interest accrue.

2.4      COLLECTIONS FROM ETB CONTRACT.

         (a) Borrower shall cause all proceeds and payments arising from the ETB
Contract to be wired into an account maintained at Bank (the "Collateral
Account") per the following wire instructions:

                PAY TO:  FC-SILICON VALLEY BANK
                         3003 TASMAN DRIVE
                         SANTA CLARA, CA 95054, USA
                         ROUTING & TRANSIT #: 121140399
                         SWIFT CODE:  SVBKUS6S
                         FOR CREDIT OF:  DALEEN TECHNOLOGIES, INC.
                         FINAL CREDIT ACCOUNT #: 3300408851
                         BY ORDER OF: Empresa de Telecommunicaciones de Bogata

         (b) All proceeds and payments arising from the ETB Contract and
received in the Collateral Account, will be applied by Bank, to the Obligations,
prior to the occurrence of an Event of Default to the unpaid principal balance.

         (c) In the event that any proceeds or payments arising from the ETB
Contract are received by Borrower they shall be immediately delivered, by
Borrower to Bank in the original form in which received by Borrower not later
than the following Business Day after receipt by Borrower, to be applied to the
Obligations in such order as Bank shall determine. If no Default or Event of
Default has occurred and is continuing and amounts received into the Collateral
Account exceed the Obligations, Borrower may request, and Bank will transfer
such excess amounts into Borrower's operating account at Bank.

2.5      JOINT LIABILITY.

         Each Person included in the term "Borrower" hereby covenants and agrees
with Bank as follows:

         (a) The Obligations include all present and future indebtedness,
duties, obligations, and liabilities, whether now existing or contemplated or
hereafter arising, of any one or more of the Borrowers.

         (b) Reference in this Agreement and the other Loan Documents to the
"Borrower" or otherwise with respect to any one or more of the Persons now or
hereafter included in the definition of "Borrower" shall mean each and every

                                       2
<PAGE>

such Person and any one or more of such Persons, jointly and severally, unless
the context requires otherwise.

         (c) Each Person included in the term "Borrower" in the discretion of
its respective management is to agree among themselves as to the allocation of
the benefits of the Exim Committed Line, provided, however, that each such
Person be deemed to have represented and warranted to Bank at the time of
allocation that each benefit and use of proceeds is permitted under this
Agreement.

         (d) For administrative convenience, each Person included in the term
"Borrower" hereby irrevocably appoints the Company as each Borrower's
attorney-in-fact, with power of substitution (with the prior written consent of
Bank in the exercise of its sole and absolute discretion), in the name of the
Company or in the name of any Borrower or otherwise to take any and all actions
with respect to this Agreement, the other Loan Documents, the Obligations and/or
the Collateral (including, without limitation, the proceeds thereof) as the
Company may so elect from time to time, including, without limitation, actions
to (i) request advances under the Exim Committed Line, and direct Bank to
disburse or credit the proceeds of any Advance directly to an account of the
Company, any one or more of such Persons or otherwise, which direction shall
evidence the making of such Advance and shall constitute the acknowledgment by
each such Person of the receipt of the proceeds of such Advance, (ii) enter
into, execute, deliver, amend, modify, restate, substitute, extend and/or renew
this Agreement, any other Loan Documents, security agreements, mortgages,
deposit account agreements, instruments, certificates, waivers, letter of credit
applications, releases, documents and agreements from time to time, and (iii)
endorse any check or other item of payment in the name of such Person or in the
name of the Company. The foregoing appointment is coupled with an interest,
cannot be revoked without the prior written consent of Bank, and may be
exercised from time to time through the Company's responsible Officer, or other
Person or Persons designated by the Company to act from time to time on behalf
of the Company.

         (e) Each Person included in the term "Borrower" hereby irrevocably
authorizes Bank to make Advance to any one or more all of such Person, pursuant
to the provisions of this Agreement upon the written, oral or telephone request
any one or more of the Persons who is from time to time a Responsible Officer of
the Company under the provisions of the most recent certificate of corporate
resolutions and/or incumbency of the Person included in the term "Borrower" on
file with Bank and also upon the written, oral or telephone request of any one
of the Persons who is from time to time a Responsible Officer of the Company
under the provisions of the most recent certificate of corporate resolutions
and/or incumbency for the Company on file with Bank.

         (f) Bank assumes no responsibility or liability for any errors,
mistakes, and/or discrepancies in the oral, telephonic, written or other
transmissions of any instructions, orders, requests and confirmations between
Bank and any one or more of the Persons included in the term "Borrower" or Bank
in connection with any Credit Extension or any other transaction in connection
with the provisions of this Agreement.

2.6      INTER-COMPANY DEBT, CONTRIBUTION.

          Without implying any limitation on the joint and several nature of the
Obligations, Bank agrees that, notwithstanding any other provision of this
Agreement, the Persons included in the term "Borrower" may create reasonable
inter-company indebtedness between or among the Persons included in the term
"Borrower" with respect to the allocation of the benefits and proceeds of the
Credit Extensions under this Agreement. The Persons included in the term
"Borrower" agree among themselves, and Bank consents to that agreement, that
each such Person shall have rights of contribution from all of the such Persons
to the extent such Person incurs Obligations in excess of the proceeds of the

                                       3
<PAGE>

Advances received by, or allocated to purposes for the direct benefit of, such
Person. All such indebtedness and rights shall be, and are hereby agreed by the
Persons included in the term "Borrower" to be, subordinate in priority and
payment to the indefeasible repayment in full in cash of the Obligations, and,
unless Bank agrees in writing otherwise, shall not be exercised or repaid in
whole or in part until all of the Obligations have been indefeasibly paid in
full in cash. Each Person included in the term "Borrower" agrees that all of
such inter-company indebtedness and rights of contribution are part of the
Collateral and secure the Obligations. Each Person included in the term
"Borrower" hereby waives all rights of counter claim, recoupment and offset
between or among themselves arising on account of that indebtedness and
otherwise. No Person included in the term "Borrower" shall evidence the
inter-company indebtedness or rights of contribution by note or other
instrument, and shall not secure such indebtedness or rights of contribution
with any Lien or security.

2.7      BORROWERS ARE INTEGRATED GROUP.

          Each Person included in the term "Borrower" hereby represents and
warrants to Bank that each of them will derive benefits, directly and
indirectly, from each Letter of Credit and from each Credit Extension, both in
their separate capacity and as a member of the integrated group to which each
such Person belongs and because the successful operation of the integrated group
is dependent upon the continued successful performance of the functions of the
integrated group as a whole, because (i) the terms of the Credit Extension
provided under this Agreement are more favorable than would otherwise would be
obtainable by such Persons individually, and (ii) the additional administrative
and other costs and reduced flexibility associated with individual loan
arrangements which would otherwise be required if obtainable would substantially
reduce the value to such Persons of the Credit Extension.

2.8      PRIMARY OBLIGATIONS.

         The obligations and liabilities of each Person included in the term
"Borrower", as guarantor under this Section 2.8 shall be primary, direct and
immediate, shall not be subject to any counterclaim, recoupment, set off,
reduction or defense based upon any claim that such Person may have against any
one or more of the other Persons included in the term "Borrower", Bank and/or
any other guarantor and shall not be conditional or contingent upon pursuit or
enforcement by Bank of any remedies it may have against Persons included in the
term "Borrower" with respect to this Agreement, or any of the other Loan
Documents, whether pursuant to the terms thereof or by operation of law. Without
limiting the generality of the foregoing, Bank shall not be required to make any
demand upon any of the Persons included in the term "Borrower", or to sell the
Collateral or otherwise pursue, enforce or exhaust its or their remedies against
the Persons included in the term "Borrower" or the Collateral either before,
concurrently with or after pursuing or enforcing its rights and remedies
hereunder. Any one or more successive or concurrent actions or proceedings may
be brought against each Person included in the term "Borrower" under this
Section 2.8, either in the same action, if any, brought against any one or more
of the Persons included in the term "Borrower" or in separate actions or
proceedings, as often as Bank may deem expedient or advisable. Without limiting
the foregoing, it is specifically understood that any modification, limitation
or discharge of any of the liabilities or obligations of any one or more of the
Persons included in the term "Borrower", any other guarantor or any obligor
under any of the Loan Documents, arising out of, or by virtue of, any
bankruptcy, arrangement, reorganization or similar proceeding for relief of
debtors under federal or state law initiated by or against any one or more of
the Persons included in the term "Borrower", in their respective capacities as
borrowers and guarantors under this Section 2.8, or under any of the Loan
Documents shall not modify, limit, lessen, reduce, impair, discharge, or
otherwise affect the liability of each Borrower under this Section 2.8 in any
manner whatsoever, and this Section 2.8 shall remain and continue in full force
and effect. It is the intent and purpose of this Section 2.8 that each Person
included in the term "Borrower" shall and does hereby waive all rights and
benefits which might accrue to any other guarantor by reason of any such
proceeding, and the Persons included in the term "Borrower" agree that they
shall be liable for the full amount of the obligations and liabilities under

                                       4
<PAGE>

this Section 2.8 regardless of, and irrespective to, any modification,
limitation or discharge of the liability of any one or more of the Persons
included in the term "Borrower", any other guarantor or any obligor under any of
the Loan Documents, that may result from any such proceedings.

2.9      FEES.

         Borrower will pay:

         (a) Facility Fee. A fully earned, non-refundable Facility Fee of
$37,500, $15,000 of which has been paid to Bank, $15,000 of which is due on the
Closing Date, and the balance of which ($7,500) is due on the first anniversary
date of the Closing Date; and

         (b) Bank Expenses. All Bank Expenses incurred through and after the
date of this Exim Agreement, (including reasonable attorneys' fees and expenses)
payable when due.

         (c) Exim Fee. A facility fee equal to $100 will be due on the Closing
Date.

         (d) Exim Bank Expenses. On the Closing Date, Exim Bank Expenses
incurred through the date hereof.

2.10     USE OF PROCEEDS.

         Borrower will use the proceeds of the Advances only for the purposes
specified in the Borrower Agreement. Borrower will not use the proceeds of the
Advances for any purpose prohibited by the Borrower Agreement.

3.       CONDITIONS OF LOANS

3.1      CONDITIONS PRECEDENT TO INITIAL ADVANCE.

         Bank's obligation to make the initial Credit Extension is subject to
the condition precedent that it receive, in form and substance satisfactory to
Bank, the following:

         (a) this Agreement;

         (b) the Revolving Note;

         (c) an Export-Import Bank Borrower Agreement;

         (d) an Export-Import Bank Guarantee;

         (e) an Intellectual Property Security Agreement in form and substance
satisfactory to Bank;

         (f) a certificate of the Secretary of Borrower with respect to
articles, bylaws, incumbency and resolutions authorizing the execution and
delivery of this Agreement;

         (g) financing statements (Forms UCC-1);

         (h) insurance certificate;

         (i) payment of the fees and Bank Expenses then due specified in Section
2.4 hereof;

         (j) Certificate of Foreign Qualification (if applicable); and

                                       5
<PAGE>

         (k) such other documents, and completion of such other matters, as Bank
may reasonably deem necessary or appropriate.

3.2      CONDITIONS PRECEDENT TO ALL ADVANCES.

         Bank's obligations to make each Advance, including the initial Advance,
is subject to the following:

         (a) timely receipt of an Availability Certificate (as hereinafter
defined) relating to the request;

         (b) receipt of a Payment/Advance Form;

         (c) the representations and warranties in Section 5 must be materially
true on the date of the Payment/Advance Form and on the effective date of each
Advance and no Event of Default may have occurred and be continuing, or result
from the Advance. Each Advance is Borrower's representation and warranty on that
date that the representations and warranties of Section 5 remain true; and

         (d) the Exim Guarantee will be in full force and effect.

4.       CREATION OF SECURITY INTEREST

4.1      GRANT OF SECURITY INTEREST.

         Borrower grants Bank a continuing security interest in all presently
existing and later acquired Collateral to secure all Obligations and performance
of each of Borrower's duties under the Loan Documents. Any security interest
will be a first priority security interest in the Collateral. After an Event of
Default, Bank may place a "hold" on any deposit account pledged as Collateral.

5.       REPRESENTATIONS AND WARRANTIES

         Borrower represents and warrants as follows:

5.1      DUE ORGANIZATION AND AUTHORIZATION.

         Borrower and each Subsidiary is duly existing and in good standing in
its state of formation and qualified and licensed to do business in, and in good
standing in, any state in which the conduct of its business or its ownership of
property requires that it be qualified. The execution, delivery and performance
of the Loan Documents have been duly authorized, and do not conflict with
Borrower's formation documents, nor constitute an event of default under any
material agreement by which Borrower is bound. Borrower is not in default under
any agreement to which or by which it is bound in which the default could cause
a Material Adverse Change.

5.2      COLLATERAL.

         Borrower has good title to the Collateral, free of Liens. The ETB
Contract is a bona fide, existing obligation of ETB, and the service or property
which are being invoiced has been performed or delivered to ETB or its agent for
immediate shipment to and unconditional acceptance of the service or property
invoiced to ETB. Borrower has no notice of any actual or imminent Insolvency
Proceeding of ETB.

                                       6
<PAGE>

5.3      LITIGATION.

         Except as shown in the Schedule, there are no actions or proceedings
pending or, to Borrower's knowledge, threatened by or against Borrower or any
Subsidiary in which an adverse decision could cause a Material Adverse Change.

5.4      NO MATERIAL ADVERSE CHANGE IN FINANCIAL STATEMENTS.

         All consolidated financial statements for Borrower delivered to Bank
fairly present in all material respects Borrower's consolidated financial
condition and Borrower's consolidated results of operations. There has not been
any material deterioration in Borrower's consolidated financial condition since
the date of the most recent financial statements submitted to Bank.

5.5      SOLVENCY.

         The fair salable value of Borrower's assets (including goodwill minus
disposition costs) exceeds the fair value of its liabilities; the Borrower is
not left with unreasonably small capital after the transactions in this Exim
Agreement; and Borrower is able to pay its debts (including trade debts) as they
mature.

5.6      REGULATORY COMPLIANCE.

         Borrower is not an "investment company" or a company "controlled" by an
"investment company" under the Investment Company Act. Borrower is not engaged
as one of its important activities in extending credit for margin stock (under
Regulations G, T and U of the Federal Reserve Board of Governors) . Borrower has
complied with the Federal Fair Labor Standards Act. Borrower has not violated
any laws, ordinances or rules, the violation of which could cause a Material
Adverse Change. None of Borrower's or any Subsidiary's properties or assets has
been used by Borrower or any Subsidiary or, to the best of Borrower's knowledge,
by previous persons, in disposing, producing, storing, treating, or transporting
any hazardous substance other than legally. Borrower and each Subsidiary has
timely filed all required tax returns and paid, or made adequate provision to
pay, all taxes. Borrower and each Subsidiary has obtained all consents,
approvals and authorizations of, made all declarations or filings with, and
given all notices to, all government authorities that are necessary to continue
its business as currently conducted.

5.7      SUBSIDIARIES.

         Borrower does not own any stock, partnership interest or other equity
securities except for Permitted Investments.

5.8      ETB CONTRACT.

         The ETB Contract is in full force and effect and Borrower has no
knowledge of any actual or threatened default under the ETB Contract. Borrower
has full right and title to the ETB Contract and it is not subject to any other
Liens. The ETB Contract requires that all payments under the ETB Contract be
made by wire transfer. Pursuant to the requirements of this Agreement, Borrower
shall at all times cause all payments under the ETB Contract to be wired
directly into the Collateral Account.

5.9      FULL DISCLOSURE.

         No representation, warranty or other statement of Borrower in any
certificate or written statement given to Bank contains any untrue statement of

                                       7
<PAGE>

a material fact or omits to state a material fact necessary to make the
statements contained in the certificates or statements not misleading.

6.       AFFIRMATIVE COVENANTS

         Borrower will do all of the following:

6.1      GOVERNMENT COMPLIANCE.

         Borrower will maintain its and all Subsidiaries' corporate existence
and good standing in its jurisdiction of incorporation and maintain
qualification in each jurisdiction in which the failure to so qualify could have
a material adverse effect on Borrower's business or operations. Borrower will
comply, and have each Subsidiary comply, with all laws, ordinances and
regulations to which it is subject, noncompliance with which could have a
material adverse effect on Borrower's business or operations or cause a Material
Adverse Change.

6.2      FINANCIAL STATEMENTS, REPORTS, CERTIFICATES.

         (a) Borrower will deliver to Bank: (i) as soon as available, but no
later than thirty (30) days after the last day of each month, a company prepared
consolidated balance sheet and income statement covering Borrower's consolidated
operations during the period, a schedule of deferred revenue, all in a form and
certified by a Responsible Officer acceptable to Bank; (ii) as soon as
available, but no later than one hundred twenty (120) days after the last day of
Borrower's fiscal year, audited consolidated financial statements prepared under
GAAP, consistently applied, together with an opinion which is unqualified or
otherwise consented to by Bank on the financial statements from an independent
certified public accounting firm acceptable to Bank; (iii) a prompt report of
any legal actions pending or threatened against Borrower or any Subsidiary that
could result in damages or costs to Borrower or any Subsidiary of $100,000 or
more; (iv) any material changes with respect to the ETB Contract, including any
notices received in connection therewith; (v) budgets, sales projections,
operating plans for each fiscal year, in draft form prior to fiscal year end and
approved by Borrower's Board of Directors not later than sixty (60) days after
the end of each fiscal year; and (vi) other financial information Bank requests.

         (b) Within thirty (30) days after the last day of each month, Borrower
will deliver to Bank an Availability Certificate signed by a Responsible Officer
in the form of EXHIBIT C (an "Availability Certificate"), with aged listings of
accounts receivable and accounts payable.

         (c) Within thirty (30) days after the last day of each month, Borrower
will deliver to Bank with the monthly financial statements a Compliance
Certificate signed by a Responsible Officer in the form of EXHIBIT D.

         (d) Within thirty (30) days after the last day of each month, Borrower
will deliver to Bank with the monthly financial statements an update on the ETB
Contract, which shall include, without limitation, project status,
implementation schedule evidence of shipment and deliverables, cash receipts,
planned invoice dates and such other information as Bank may request from time
to time, all certified by a Responsible Officer

         (e) Allow Bank to audit Borrower's Collateral at Borrower's expense,
which expense will be $750 per day per auditor, plus out of pocket expenses.
Such audits will be conducted no more often than every three (3) months unless
an Event of Default has occurred and is continuing.

                                       8
<PAGE>

6.3      INVENTORY; RETURNS.

         Borrower will keep all Inventory in good and marketable condition, free
from material defects. Returns and allowances between Borrower and its account
debtors will follow Borrower's customary practices as they exist at execution of
this Exim Agreement. Borrower must promptly notify Bank of all returns,
recoveries, disputes and claims that involve more than $50,000.

6.4      TAXES.

         Borrower will make, and cause each Subsidiary to make, timely payment
of all material federal, state, and local taxes or assessments and will deliver
to Bank, on demand, appropriate certificates attesting to the payment.

6.5      INSURANCE.

         Borrower will keep its business and the Collateral insured for risks
and in amounts, as Bank requests. Insurance policies will be in a form, with
companies, and in amounts that are satisfactory to Bank. All property policies
will have a lender's loss payable endorsement showing Bank as an additional loss
payee and all liability policies will show the Bank as an additional insured and
provide that the insurer must give Bank at least 20 days notice before canceling
its policy. At Bank's request, Borrower will deliver a certificate of insurance
and evidence of all premium payments. Proceeds payable under any policy will, at
Bank's option, be payable to Bank on account of the Obligations. Bank
acknowledges that insurance currently in effect is acceptable based on current
conditions.

6.6      BORROWER AGREEMENT.

         Borrower will comply with all terms of the Borrower Agreement. If any
provision of the Borrower Agreement conflicts with any provision contained in
this Exim Agreement, the more strict provision, with respect to the Borrower,
will control.

6.7      FINANCIAL COVENANTS.

         Borrower will maintain as of the last day of each month (unless
otherwise stated below):

         (a) TANGIBLE NET WORTH. A Tangible Net Worth of at least $4,000,000.

         (b) MINIMUM CASH RECEIPTS UNDER THE ETB CONTRACT. The Company shall
have received not less than the following amounts on a cumulative basis under
the ETB Contract:

             MINIMUM CUMULATIVE CASH RECEIPTS:           MONTH ENDING:

             $396,500                                    February 29, 2004;
             $641,500                                    March 31, 2004;
             $663,500                                    May 31, 2004;
             $1,738,500                                  June 30, 2004;
             $1,916,500                                  August 31, 2004;
             $2,442,500                                  September 30, 2004;
             $2,455,500                                  October 31, 2004;
             $3,145,500                                  November 30, 2004;
             $3,545,500                                  December 31, 2004;
             $4,961,500                                  January 31, 2005;
             $5,231,500                                  February 28, 2005; and
             $5,843,500                                  April 30, 2005.

                                       9
<PAGE>

6.8      PRIMARY ACCOUNTS.

         Borrower will maintain its primary depository and operating accounts
with Bank, including not less than ninety percent (90%) of Borrower's total cash
and investments.

6.9      ETB CONTRACT.

         Borrower will perform all of its obligations under the ETB Contract on
a timely basis and immediately notify Bank of any material occurrences under the
ETB Contract.

6.10     REGISTRATION OF INTELLECTUAL PROPERTY RIGHTS.

         Borrower will register with the United States Patent and Trademark
Office or the United States Copyright Office its Intellectual Property and
additional Intellectual Property rights developed or acquired including
revisions or additions with any product before the sale or licensing of the
product to any third party, unless Borrower determines in its reasonable
business judgment not to register its Intellectual Property.

         Borrower will (i) protect, defend and maintain the validity and
enforceability of the Intellectual Property and promptly advise Bank in writing
of material infringements and (ii) not allow any Intellectual Property material
to Borrower's business to be abandoned, forfeited or dedicated to the public
without Bank's written consent.

6.11     FURTHER ASSURANCES.

         Borrower will execute any further instruments and take further action
as Bank requests to perfect or continue Bank's security interest in the
Collateral or to effect the purposes of this Exim Agreement.

7.       NEGATIVE COVENANTS

         Borrower will not do any of the following, without Bank's prior written
consent:

7.1      DISPOSITIONS.

         Convey, sell, lease, transfer or otherwise dispose of (collectively
"Transfer"), or permit any of its Subsidiaries to Transfer, all or any part of
its business or property, other than Transfers (i) of Inventory in the ordinary
course of business; (ii) of non-exclusive licenses and similar arrangements for
the use of the property of Borrower or its Subsidiaries in the ordinary course
of business; or (iii) of worn-out or obsolete Equipment.

7.2      CHANGES IN BUSINESS, OWNERSHIP, MANAGEMENT OR BUSINESS LOCATIONS.

         Engage in or permit any of its Subsidiaries to engage in any business
other than the businesses currently engaged in by Borrower or have a material
change in its ownership of greater than 25% (other than by the sale of
Borrower's equity securities in a public offering or to venture capital
investors so long as Borrower identifies and advises Bank of the venture capital
investors prior to the closing of the investment). Borrower will not, without at
least 30 days prior written notice, relocate its chief executive office or add
any new offices or business locations.

7.3      MERGERS OR ACQUISITIONS.

         Merge or consolidate, or permit any of its Subsidiaries to merge or
consolidate, with any other Person, or acquire, or permit any of its
Subsidiaries to acquire, all or substantially all of the capital stock or
property of another Person, except where (i) no Event of Default has occurred

                                       10
<PAGE>

and is continuing or would result from such action during the term of this
Agreement and (ii) such transaction would not result in a decrease of more than
twenty five percent (25%) of Tangible Net Worth. A Subsidiary may merge or
consolidate into another Subsidiary or into Borrower.

7.4      INDEBTEDNESS.

         Create, incur, assume, or be liable for any Indebtedness, or permit any
Subsidiary to do so, other than Permitted Indebtedness.

7.5      ENCUMBRANCE.

         Create, incur, or allow any Lien on any of its property, or assign or
convey any right to receive income, including the sale of any Accounts, or
permit any of its Subsidiaries to do so, except for Permitted Liens, or permit
any Collateral not to be subject to the first priority security interest granted
here.

7.6      DISTRIBUTIONS; INVESTMENTS.

         Directly or indirectly acquire or own any Person, or make any
Investment in any Person, other than Permitted Investments, or permit any of its
Subsidiaries to do so. Pay any dividends or make any distribution or payment or
redeem, retire or purchase any capital stock, except as contemplated by the
preliminary proxy filed by Borrowers on January 28, 2004.

7.7      TRANSACTIONS WITH AFFILIATES.

         Directly or indirectly enter or permit any material transaction with
any Affiliate, except transactions that are in the ordinary course of Borrower's
business, on terms less favorable to Borrower than would be obtained in an arm's
length transaction with a non-affiliated Person.

7.8      SUBORDINATED DEBT.

         Make or permit any payment on any Subordinated Debt, except under the
terms of the Subordinated Debt, or amend any provision in any document relating
to the Subordinated Debt without Bank's prior written consent.

7.9      COMPLIANCE.

         Become an "investment company" or a company controlled by an
"investment company," under the Investment Company Act of 1940 or undertake as
one of its important activities extending credit to purchase or carry margin
stock, or use the proceeds of any Advance for that purpose; fail to meet the
minimum funding requirements of ERISA, permit a Reportable Event or Prohibited
Transaction, as defined in ERISA, to occur; fail to comply with the Federal Fair
Labor Standards Act or violate any other law or regulation, if the violation
could have a material adverse effect on Borrower's business or operations or
cause a Material Adverse Change, or permit any of its Subsidiaries to do so.

7.10     BORROWER AGREEMENT.

         Violate or fail to comply with any provision of the Borrower Agreement.

7.11     EXIM AGREEMENT.

         Take an action, or permit any action to be taken, that causes, or could
be expected to cause, the Exim Guarantee to not be in full force and effect.

                                       11
<PAGE>

8.       EVENTS OF DEFAULT

         Any one of the following is an Event of Default:

8.1      PAYMENT DEFAULT.

         If Borrower fails to pay any of the Obligations within three days of
when due. During the additional period the failure to cure the default is not an
Event of Default (but no Credit Extension will be made during the cure period);

8.2      COVENANT DEFAULT.

         If Borrower violates any covenant in Section 7 or does not perform or
observe any other material term, condition or covenant in this Exim Agreement,
any Loan Documents, or in any agreement between Borrower and Bank and as to any
default under a term, condition or covenant that can be cured, has not cured the
default within 10 days after it occurs, or if the default cannot be cured within
10 days or cannot be cured after Borrower's attempts within 10 day period, and
the default may be cured within a reasonable time, then Borrower has an
additional period (of not more than 30 days) to attempt to cure the default.
During the additional time, the failure to cure the default is not an Event of
Default (but no Advances will be made during the cure period);

8.3      MATERIAL ADVERSE CHANGE.

         If there occurs a material adverse effect on (a) the business, assets,
operations, prospects or financial or other condition of Borrower, (b)
Borrower's ability to pay or perform the Obligations in accordance with the
terms thereof, (c) the Collateral or Bank's Liens on the Collateral or the
priority of such Lien or (d) Lender's rights and remedies under the Loan
Documents.

8.4      ATTACHMENT.

         If any material portion of Borrower's assets is attached, seized,
levied on, or comes into possession of a trustee or receiver and the attachment,
seizure or levy is not removed in 10 days, or if Borrower is enjoined,
restrained, or prevented by court order from conducting a material part of its
business or if a judgment or other claim becomes a Lien on a material portion of
Borrower's assets, or if a notice of lien, levy, or assessment is filed against
any of Borrower's assets by any government agency and not paid within 10 days
after Borrower receives notice. These are not Events of Default if stayed or if
a bond is posted pending contest by Borrower (but no Advances will be made
during the cure period);

8.5      INSOLVENCY.

         If Borrower becomes insolvent or if Borrower begins an Insolvency
Proceeding or an Insolvency Proceeding is begun against Borrower and not
dismissed or stayed within 30 days (but no Advances will be made before any
Insolvency Proceeding is dismissed);

8.6      OTHER AGREEMENTS.

         If there is a default in any agreement between Borrower and a third
party that gives the third party the right to accelerate any Indebtedness
exceeding $100,000 or that could cause a Material Adverse Change;

                                       12
<PAGE>

8.7      JUDGMENTS.

         If a money judgment(s) in the aggregate of at least $50,000 is rendered
against Borrower and is unsatisfied and unstayed for 10 days (but no Advances
will be made before the judgment is stayed or satisfied); or

8.8      MISREPRESENTATIONS.

         If Borrower or any Person acting for Borrower makes any material
misrepresentation or material misstatement now or later in any warranty or
representation in this Exim Agreement or in any writing delivered to Bank or to
induce Bank to enter this Exim Agreement or any Loan Document.

9.       BANK'S RIGHTS AND REMEDIES

9.1      RIGHTS AND REMEDIES.

         When an Event of Default occurs and continues Bank may, without notice
or demand, do any or all of the following:

         (a) Declare all Obligations immediately due and payable (but if an
Event of Default described in Section 8.5 occurs all Obligations are immediately
due and payable without any action by Bank);

         (b) Stop advancing money or extending credit for Borrower's benefit
under this Exim Agreement or under any other agreement between Borrower and
Bank;

         (c) Settle or adjust disputes and claims directly with account debtors
for amounts, on terms and in any order that Bank considers advisable;

         (d) Make any payments and do any acts it considers necessary or
reasonable to protect its security interest in the Collateral. Borrower will
assemble the Collateral if Bank requires and make it available as Bank
designates. Bank may enter premises where the Collateral is located, take and
maintain possession of any part of the Collateral, and pay, purchase, contest,
or compromise any Lien which appears to be prior or superior to its security
interest and pay all expenses incurred. Borrower grants Bank a license to enter
and occupy any of its premises, without charge, to exercise any of Bank's rights
or remedies;

         (e) Apply to the Obligations any (i) balances and deposits of Borrower
it holds, or (ii) any amount held by Bank owing to or for the credit or the
account of Borrower;

         (f) Ship, reclaim, recover, store, finish, maintain, repair, prepare
for sale, advertise for sale, and sell the Collateral; and

         (g) Dispose of the Collateral according to the Code.

9.2      POWER OF ATTORNEY.

         Effective only when an Event of Default occurs and continues, Borrower
irrevocably appoints Bank as its lawful attorney to: (i) endorse Borrower's name
on any checks or other forms of payment or security; (ii) sign Borrower's name
on any invoice or bill of lading for any Account or drafts against account
debtors, (iii) make, settle, and adjust all claims under Borrower's insurance
policies with respect to any Collateral; (iv) settle and adjust disputes and
claims about the Accounts directly with account debtors, for amounts and on
terms Bank determines reasonable; and (v) transfer the Collateral into the name

                                       13
<PAGE>

of Bank or a third party as the Code permits. Bank may exercise the power of
attorney to sign Borrower's name on any documents necessary to perfect or
continue the perfection of any security interest under any Loan Document
regardless of whether an Event of Default has occurred. Bank's appointment as
Borrower's attorney in fact, and all of Bank's rights and powers, coupled with
an interest, are irrevocable until all Obligations have been fully repaid and
performed and Bank's obligation to provide Advances terminates.

9.3      ACCOUNTS COLLECTION.

         When an Event of Default occurs and continues, Bank may notify any
Person owing Borrower money of Bank's security interest in the funds and verify
the amount of the Account. Borrower must collect all payments in trust for Bank
and, if requested by Bank, immediately deliver the payments to Bank in the form
received from the account debtor, with proper endorsements for deposit.

9.4      BANK EXPENSES.

         If Borrower fails to pay any amount or furnish any required proof of
payment to third persons Bank may make all or part of the payment or obtain
insurance policies required in Section 6.5, and take any action under the
policies Bank deems prudent in its reasonable discretion. Any amounts paid by
Bank are Bank Expenses and immediately due and payable, bearing interest at the
then applicable rate and secured by the Collateral. No payments by Bank are
deemed an agreement to make similar payments in the future or Bank's waiver of
any Event of Default.

9.5      BANK'S LIABILITY FOR COLLATERAL.

         If Bank complies with reasonable banking practices it is not liable
for: (a) the safekeeping of the Collateral; (b) any loss or damage to the
Collateral; (c) any diminution in the value of the Collateral; or (d) any act or
default of any carrier, warehouseman, bailee, or other person. Borrower bears
all risk of loss, damage or destruction of the Collateral.

9.6      REMEDIES CUMULATIVE.

         Bank's rights and remedies under this Exim Agreement, the Loan
Documents, and all other agreements are cumulative. Bank has all rights and
remedies provided under the Code, by law, or in equity. Bank's exercise of one
right or remedy is not an election, and Bank's waiver of any Event of Default is
not a continuing waiver. Bank's delay is not a waiver, election, or
acquiescence. No waiver is effective unless signed by Bank and then is only
effective for the specific instance and purpose for which it was given.

9.7      DEMAND WAIVER.

         Borrower waives demand, notice of default or dishonor, notice of
payment and nonpayment, notice of any default, nonpayment at maturity, release,
compromise, settlement, extension, or renewal of accounts, documents,
instruments, chattel paper, and guarantees held by Bank on which Borrower is
liable.

9.8      EXIM NOTIFICATION.

         Bank has the right to immediately notify Exim Bank in writing if it has
knowledge of any of the following events: (1) any failure to pay any amount due
under this Exim Agreement; (2) the outstanding Credit Extensions exceed the
Maximum Amount Available to be Advanced; (3) any failure to pay when due any

                                       14
<PAGE>

amount payable to Bank under any Loan owing by Borrower to Bank; (4) the filing
of an action for debtor's relief by, against or on behalf of Borrower; (5) any
threatened or pending material litigation against Borrower, or any dispute
involving Borrower.

         If Bank sends a notice to Exim Bank, Bank has the right to send Exim
Bank a written report on the status of events covered by the notice every 30
days after the date of the original notification, until Bank files a claim with
Exim Bank or the defaults have been cured (but no Credit Extensions may be
required during the cure period unless Exim Bank gives its written approval). If
directed by Exim Bank, Bank will have the right to exercise any rights it may
have against the Borrower to demand the immediate repayment of all amount
outstandings under the Exim Loan Documents.

9.9      EXIM DIRECTION.

         Upon the occurrence of an Event of Default, Exim Bank shall have the
right to (i) direct Bank to exercise the remedies specified in Section 9.1 and
(ii) request that Bank accelerate the maturity of any other loans to Borrower.

10.      NOTICES

         All notices or demands by any party about this Exim Agreement or any
other related agreement must be in writing and be personally delivered or sent
by an overnight delivery service, by certified mail, postage prepaid, return
receipt requested, or by telefacsimile to the addresses first written above and
with respect to Borrower, with a copy to Borrower's legal department. A Party
may change its notice address by giving the other Party written notice.

11.      CHOICE OF LAW , VENUE AND JURY TRIAL WAIVER

         Georgia law governs the Loan Documents without regard to principles of
conflicts of law. Borrower and Bank each submit to the exclusive jurisdiction of
the State and Federal courts in the State of Georgia provided, however, that if
for any reason the Bank can not avail itself of the courts of the State of
Georgia, the Borrower and Bank each submit to the jurisdiction of the State and
Federal Courts in Santa Clara County, California.

BORROWER AND BANK EACH WAIVE THEIR RIGHT TO A JURY TRIAL OF ANY CLAIM OR CAUSE
OF ACTION ARISING OUT OF ANY OF THE LOAN DOCUMENTS OR ANY CONTEMPLATED
TRANSACTION, INCLUDING CONTRACT, TORT, BREACH OF DUTY AND ALL OTHER CLAIMS. THIS
WAIVER IS A MATERIAL INDUCEMENT FOR BOTH PARTIES TO ENTER INTO THIS AGREEMENT.
EACH PARTY HAS REVIEWED THIS WAIVER WITH ITS COUNSEL.

12.      GENERAL PROVISIONS

12.1     SUCCESSORS AND ASSIGNS.

         This Exim Agreement binds and is for the benefit of the successors and
permitted assigns of each party. Borrower may not assign this Exim Agreement or
any rights under it without Bank's prior written consent which may be granted or
withheld in Bank's discretion. Bank has the right, without the consent of or
notice to Borrower, to sell, transfer, negotiate, or grant participation in all
or any part of, or any interest in, Bank's obligations, rights and benefits
under this Exim Agreement.

12.2     INDEMNIFICATION.

         Borrower will indemnify, defend and hold harmless Bank and its
officers, employees, and agents against: (a) all obligations, demands, claims,
and liabilities asserted by any other party in connection with the transactions
contemplated by the Loan Documents; and (b) all losses or Bank Expenses

                                       15
<PAGE>

incurred, or paid by Bank from, following, or consequential to transactions
between Bank and Borrower (including reasonable attorneys fees and expenses),
except for losses caused by Bank's gross negligence or willful misconduct.

12.3     TIME OF ESSENCE.

         Time is of the essence for the performance of all obligations in this
Exim Agreement.

12.4     SEVERABILITY OF PROVISION.

         Each provision of this Exim Agreement is severable from every other
provision in determining the enforceability of any provision.

12.5     AMENDMENTS IN WRITING, INTEGRATION.

         All amendments to this Exim Agreement must be in writing. This Exim
Agreement represents the entire agreement about this subject matter, and
supersedes prior negotiations or agreements. All prior agreements,
understandings, representations, warranties, and negotiations between the
parties about the subject matter of this Exim Agreement merge into this Exim
Agreement and the Loan Documents.

12.6     COUNTERPARTS.

         This Exim Agreement may be executed in any number of counterparts and
by different parties on separate counterparts, each of which, when executed and
delivered, are an original, and all taken together, constitute one Agreement.

12.7     EFFECTIVE DATE.

         Notwithstanding anything set forth in this Exim Agreement or any Loan
Document to the contrary, this Exim Agreement and all of the Loan Documents
shall not be effective until the date on which the Bank executes this Exim
Agreement as indicated on the signature page to this Exim Agreement.

12.8     SURVIVAL.

         All covenants, representations and warranties made in this Exim
Agreement continue in full force while any Obligations remain outstanding. The
obligations of Borrower in Section 12.2 to indemnify Bank will survive until all
statutes of limitations for actions that may be brought against Bank have run.

12.9     ATTORNEYS' FEES, COSTS AND EXPENSES.

         In any action or proceeding between Borrower and Bank arising out of
the Loan Documents, the prevailing party will be entitled to recover its
reasonable attorneys' fees and other reasonable costs and expenses incurred, in
addition to any other relief to which it may be entitled.

12.10    CONFIDENTIALITY.

         In handling any confidential information, Bank will exercise the same
degree of care that it exercises for its own proprietary information, but in no
event less than reasonable care, but disclosure of information may be made (i)
to Bank's subsidiaries or affiliates in connection with their business with
Borrower, (ii) to prospective transferees or purchasers of any interest in the
loans (provided, however, Bank shall use commercially reasonable efforts in
obtaining such prospective transferee or purchasers agreement of the terms of
this provision), (iii) as required by law, regulation, subpoena, or other order,

                                       16
<PAGE>

(iv) as required in connection with Bank's examination or audit and (v) as Bank
considers appropriate in its reasonable discretion in exercising remedies under
this Exim Agreement. Confidential information does not include information that
either: (a) is in the public domain or in Bank's possession when disclosed to
Bank, or becomes part of the public domain after disclosure to Bank; or (b) is
disclosed to Bank by a third party, if Bank does not know that the third party
is prohibited from disclosing the information.

12.11    EFFECTIVE DATE.

         Notwithstanding anything set forth in this Exim Agreement or any Loan
Document to the contrary, this Agreement and all of the Loan Documents shall not
be effective until the date on which the Bank executes this Exim Agreement as
indicated on the signature page to this Agreement.

13.      DEFINITIONS

13.1     DEFINITIONS.

         "ACCOUNTS" are all existing and later arising accounts, contract
rights, and other obligations owed Borrower in connection with its sale or lease
of goods (including licensing software and other technology) or provision of
services, all credit insurance, guaranties, other security and all merchandise
returned or reclaimed by Borrower and Borrower's Books relating to any of the
foregoing.

         "ADVANCE" or "ADVANCES" is a loan advance (or advances) under the Exim
Committed Line.

         "AFFILIATE" of a Person is a Person that owns or controls directly or
indirectly the Person, any Person that controls or is controlled by or is under
common control with the Person, and each of that Person's senior executive
officers, directors, partners and, for any Person that is a limited liability
company, that Person's managers and members.

         "BANK EXPENSES" are all audit fees and expenses and reasonable costs or
expenses (including reasonable attorneys' fees and expenses) for preparing,
negotiating, administering, defending and enforcing the Loan Documents
(including appeals or Insolvency Proceedings).

         "BORROWER AGREEMENT" is the Export-Import Bank of the United States
Working Capital Guarantee Program Borrower Agreement between Borrower and Bank.

         "BORROWER'S BOOKS" are all Borrower's books and records including
ledgers, records regarding Borrower's assets or liabilities, the Collateral,
business operations or financial condition and all computer programs or discs or
any equipment containing the information.

         "BUSINESS DAY" is any day that is not a Saturday, Sunday or a day on
which the Bank is closed.

         "CLOSING DATE" is the date of this Exim Agreement.

         "CODE" is the Georgia Uniform Commercial Code.

         "COLLATERAL" is all payments and proceeds at any time payable under the
ETB Contract and the property described on EXHIBIT A.

         "CONTINGENT OBLIGATION" is, for any Person, any direct or indirect
liability, contingent or not, of that Person for (i) any indebtedness, lease,
dividend, letter of credit or other obligation of another such as an obligation

                                       17
<PAGE>

directly or indirectly guaranteed, endorsed, co-made, discounted or sold with
recourse by that Person, or for which that Person is directly or indirectly
liable; (ii) any obligations for undrawn letters of credit for the account of
that Person; and (iii) all obligations from any interest rate, currency or
commodity swap agreement, interest rate cap or collar agreement, or other
agreement or arrangement designated to protect a Person against fluctuation in
interest rates, currency exchange rates or commodity prices; but "Contingent
Obligation" does not include endorsements in the ordinary course of business.
The amount of a Contingent Obligation is the stated or determined amount of the
primary obligation for which the Contingent Obligation is made or, if not
determinable, the maximum reasonably anticipated liability for it determined by
the Person in good faith; but the amount may not exceed the maximum of the
obligations under the guarantee or other support arrangement.

         "EQUIPMENT" is all present and future machinery, equipment, tenant
improvements, furniture, fixtures, vehicles, tools, parts and attachments in
which Borrower has any interest.

         "ERISA" shall mean the Employee Retirement Income Security Act of 1974
and the rules and regulations promulgated thereunder.

         "ETB CONTRACT" means Borrower's export contract dated May 21 2003 (as
amended with Empresa de Telecommunicaciones de Bogata (the "ETB").

         "EXIM BANK" is the Export-Import Bank of the United States.

         "EXIM BANK EXPENSES" are all audit fees and expenses; reasonable costs
or expenses (including reasonable attorneys' fees and expenses) for preparing,
negotiating, administering, defending and enforcing the Exim Loan Documents
(including appeals or Insolvency Proceedings) and the fees that the Bank pays to
the Exim Bank in consideration of the issuance of the Exim Guarantee.

         "EXIM COMMITTED LINE" is Two Million Dollars ($2,000,000).

         "EXIM GUARANTEE" is that certain Master Guarantee Agreement or other
agreement, as amended from time to time, the terms of which are incorporated
into this Exim Agreement.

         "EXIM LOAN DOCUMENTS" is the Exim Agreement, any note or notes executed
by Borrower or any other agreement entered into in connection with this Exim
Loan Agreement, pursuant to which Exim Bank guarantees Borrower's obligations
under this Exim Agreement.

         "EXIM MATURITY DATE" is May __, 2005.

         "GAAP" generally accepted accounting principles issued by the American
Institute of Certified Public Accountants as in effect from time to time.

         "INDEBTEDNESS" is (a) indebtedness for borrowed money or the deferred
price of property or services, such as reimbursement and other obligations for
surety bonds and letters of credit, (b) obligations evidenced by notes, bonds,
debentures or similar instruments, (c) capital lease obligations and (d)
Contingent Obligations.

         "INSOLVENCY PROCEEDING" are proceedings by or against any Person under
the United States Bankruptcy Code, or any other bankruptcy or insolvency law,
including assignments for the benefit of creditors, compositions, extensions
generally with its creditors, or proceedings seeking reorganization,
arrangement, or other relief.

         "INVENTORY" is present and future inventory in which Borrower has any
interest, including merchandise, raw materials, parts, supplies, packing and
shipping materials, work in process and finished products intended for sale or
lease or to be furnished under a contract of service, of every kind and

                                       18
<PAGE>

description now or later owned by or in the custody or possession, actual or
constructive, of Borrower, including inventory temporarily out of its custody or
possession or in transit and including returns on any accounts or other proceeds
(including insurance proceeds) from the sale or disposition of any of the
foregoing and any documents of title.

         "INVESTMENT" is any beneficial ownership of (including stock,
partnership interest or other securities) any Person, or any loan, advance or
capital contribution to any Person.

         "LIEN" is a mortgage, lien, deed of trust, charge, pledge, security
interest or other encumbrance.

         "LOAN DOCUMENTS" are, collectively, this Exim Agreement, any note, or
notes or guaranties executed by Borrower or Guarantor, and any other present or
future agreement between Borrower and/or for the benefit of Bank in connection
with this Exim Agreement, all as amended, extended or restated.

         "MATERIAL ADVERSE CHANGE" is defined in Section 8.3.

         "MAXIMUM AMOUNT AVAILABLE TO BE ADVANCED" means the following amounts
as of the last day of each applicable month:

         Closing Date                       $ 1,189,000;
         February 2004                      $   543,000;
         March 2004                         $   622,000;
         June 2004                          $   209,000;
         September 2004                     $   123,000; and
         December 2004                      $    20,000.

         "OBLIGATIONS" are debts, principal, interest, Bank Expenses and other
amounts Borrower owes Bank now or later, including letters of credit and
Exchange Contracts and including interest accruing after Insolvency Proceedings
begin and debts, liabilities, or obligations of Borrower assigned to Bank.

         "PERMITTED INDEBTEDNESS" is:

         (a) Borrower's indebtedness to Bank under this Exim Agreement or any
other Loan Document;

         (b) Indebtedness existing on the Closing Date and shown on the
Schedule;

         (c) Subordinated Debt;

         (d) Indebtedness to trade creditors incurred in the ordinary course of
business; and

         (e) Indebtedness secured by Permitted Liens.

         "PERMITTED INVESTMENTS" are:

         (a) Investments shown on the Schedule and existing on the Closing Date;
and

         (b) (i) marketable direct obligations issued or unconditionally
guaranteed by the United States or its agency or any State maturing within 1
year from its acquisition, (ii) commercial paper maturing no more than 1 year
after its creation and having the highest rating from either Standard & Poor's
Corporation or Moody's Investors Service, Inc., and (iii) Bank's certificates of
deposit issued maturing no more than 1 year after issue.

                                       19
<PAGE>

         "PERMITTED LIENS" are:

         (a) Liens existing on the Closing Date and shown on the Schedule or
arising under this Exim Agreement or other Loan Documents;

         (b) Liens for taxes, fees, assessments or other government charges or
levies, either not delinquent or being contested in good faith and for which
Borrower maintains adequate reserves on its Books, IF they have no priority over
any of Bank's security interests;

         (c) Purchase money Liens (i) on Equipment acquired or held by Borrower
or its Subsidiaries incurred for financing the acquisition of the Equipment, or
(ii) existing on equipment when acquired, IF the Lien is confined to the
property and improvements and the proceeds of the equipment;

         (d) Licenses or sublicenses granted in the ordinary course of
Borrower's business and any interest or title of a licensor or under any license
or sublicense, if the licenses and sublicenses do not prohibit the grant of a
lien or security interest on them;

         (e) Liens incurred in the extension, renewal or refinancing of the
indebtedness secured by Liens described in (a) through (c), BUT any extension,
renewal or replacement Lien must be limited to the property encumbered by the
existing Lien and the principal amount of the indebtedness may not increase.

         "PERSON" is any individual, sole proprietorship, partnership, limited
liability company, joint venture, company association, trust, unincorporated
organization, association, corporation, institution, public benefit corporation,
firm, joint stock company, estate, entity or government agency.

         "PRIME RATE" is Bank's most recently announced "prime rate," even if it
is not Bank's lowest rate.

         "RESPONSIBLE OFFICER" is each person named on a borrowing resolution
now or hereafter delivered by Borrower to Bank.

         "SCHEDULE" is any attached schedule of exceptions.

         "SUBORDINATED DEBT" is debt incurred by Borrower subordinated to
Borrower's debt to Bank (and identified as subordinated by Borrower and Bank).

         "SUBSIDIARY" is for any Person, or any other business entity of which
more than 50% of the voting stock or other equity interests is owned or
controlled, directly or indirectly, by the Person or one or more Affiliates of
the Person.

         "TANGIBLE NET WORTH" is, on any date, the consolidated total assets of
Borrower and its Subsidiaries, plus Subordinated Debt, MINUS, (i) any amounts
attributable to (a) goodwill, (b) intangible items such as unamortized debt
discount and expense, Patents, trade and service marks and names, Copyrights and
research and development expenses except prepaid expenses, and (c) reserves not
already deducted from assets, AND (ii) Total Liabilities.

                    [SIGNATURES APPEAR ON THE FOLLOWING PAGE]

                                       20
<PAGE>

BORROWER:

Daleen Technologies, Inc.

BY: /s/ DAWN R. LANDRY
---------------------------------
Name: Dawn R. Landry
Title: VP & General Counsel

Daleen IAC, LLP

BY: /s/ GORDON QUICK
---------------------------------
Name: Gordon Quick
Title: Manager

DSI, Inc.

BY: /s/ DAWN R. LANDRY
---------------------------------
Name: Dawn R. Landry
Title: VP & General Counsel

Daleen Solutions, Inc.

BY: /s/ DAWN R. LANDRY
---------------------------------
Name: Dawn R. Landry
Title: VP & General Counsel

BANK:

SILICON VALLEY BANK

BY: /s/ JEFFREY P. WHITE
---------------------------------
Name: Jeffrey P. White
Title: Sr. Vice President

Effective Date:   February 24, 2004

                                       21
<PAGE>

                                    EXHIBIT A

         The Collateral consists of all of Borrower's right, title and interest
in and to the following:

         All goods and equipment now owned or hereafter acquired, including,
without limitation, all machinery, fixtures, vehicles (including motor vehicles
and trailers), and any interest in any of the foregoing, and all attachments,
accessories, accessions, replacements, substitutions, additions, and
improvements to any of the foregoing, wherever located;

         All inventory, now owned or hereafter acquired, including, without
limitation, all merchandise, raw materials, parts, supplies, packing and
shipping materials, work in process and finished products including such
inventory as is temporarily out of Borrower's custody or possession or in
transit and including any returns upon any accounts or other proceeds, including
insurance proceeds, resulting from the sale or disposition of any of the
foregoing and any documents of title representing any of the above;

         All contract rights and general intangibles now owned or hereafter
acquired, including, without limitation, goodwill, trademarks, servicemarks,
trade styles, trade names, patents, patent applications, leases, license
agreements, franchise agreements, blueprints, drawings, purchase orders,
customer lists, route lists, infringements, claims, computer programs, computer
discs, computer tapes, literature, reports, catalogs, design rights, income tax
refunds, payments of insurance and rights to payment of any kind;

         All now existing and hereafter arising accounts, contract rights,
royalties, license rights and all other forms of obligations owing to Borrower
arising out of the sale or lease of goods, the licensing of technology or the
rendering of services by Borrower, whether or not earned by performance, and any
and all credit insurance, guaranties, and other security therefor, as well as
all merchandise returned to or reclaimed by Borrower;

         All documents, cash, deposit accounts, securities, securities
entitlements, securities accounts, investment property, letters of credit,
certificates of deposit, instruments and chattel paper now owned or hereafter
acquired and Borrower's Books relating to the foregoing;

         All copyright rights, copyright applications, copyright registrations
and like protections in each work of authorship and derivative work thereof,
whether published or unpublished, now owned or hereafter acquired; all trade
secret rights, including all rights to unpatented inventions, know-how,
operating manuals, license rights and agreements and confidential information,
now owned or hereafter acquired; all mask work or similar rights available for
the protection of semiconductor chips, now owned or hereafter acquired; all
claims for damages by way of any past, present and future infringement of any of
the foregoing; and

         All Borrower's Books relating to the foregoing and any and all claims,
rights and interests in any of the above and all substitutions for, additions
and accessions to and proceeds thereof.

                                       22
<PAGE>

                                    EXHIBIT B

                   LOAN PAYMENT/ADVANCE TELEPHONE REQUEST FORM

              DEADLINE FOR SAME DAY PROCESSING IS 3:00 P.M., P.S.T.

TO:  CENTRAL CLIENT SERVICE DIVISION           DATE:
                                                     ------------------------

FAX#:  (408) 496-2426                          TIME:
                                                     ------------------------

-------------------------------------------------------------------------------
FROM:
-------------------------------------------------------------------------------
                             CLIENT NAME (BORROWER)

REQUESTED BY:
               ----------------------------------------------------------------
                            AUTHORIZED SIGNER'S NAME

AUTHORIZED SIGNATURE:
                       --------------------------------------------------------

PHONE NUMBER:
              -----------------------------------------------------------------

FROM ACCOUNT #                              TO ACCOUNT #
               --------------------------                  --------------------

REQUESTED TRANSACTION TYPE                  REQUESTED DOLLAR AMOUNT

PRINCIPAL INCREASE (ADVANCE)               $
                                            -----------------------------------

PRINCIPAL PAYMENT (ONLY)                   $
                                            -----------------------------------

INTEREST PAYMENT (ONLY)                    $
                                            -----------------------------------

PRINCIPAL AND INTEREST (PAYMENT)           $
                                            -----------------------------------

OTHER INSTRUCTIONS:
                    -----------------------------------------------------------

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

All Borrower's representations and warranties in the Export-Import Bank Loan and
Security Agreement are true, correct and complete in all material respects on
the date of the telephone request for and Advance confirmed by this Borrowing
Certificate; but those representations and warranties expressly referring to
another date shall be true, correct and complete in all material respects as of
that date.

-------------------------------------------------------------------------------
-------------------------------------------------------------------------------
                                  BANK USE ONLY

TELEPHONE REQUEST:

The following person is authorized to request the loan payment transfer/loan
advance on the advance designated account and is known to me.

----------------------------------------           ----------------------------
Authorized Requester                                           Phone #

----------------------------------------           ----------------------------
Received By (Bank)                                              Phone #

                       ----------------------------------
                           Authorized Signature (Bank)

<PAGE>

                                    EXHIBIT C
                            AVAILABILITY CERTIFICATE

<TABLE>
<S>             <C>                                                       <C>               <C>
Borrower:        Daleen Technologies, Inc. and its Subsidiaries             Bank:            Silicon Valley Bank
                                                                                             3003 Tasman Drive
                                                                                             Santa Clara, CA 95054
Commitment Amount:         $2,000,000

------------------- --------------------------------- -------------------------------- ---------------------------------
Month               Maximum Amount Available to be    Amount Advanced Month to Date    Cumulative Amount Outstanding
                    Advanced                                                           (Not to Exceed $2,000,000)
------------------- --------------------------------- -------------------------------- ---------------------------------
Closing Date        $1,189,000
------------------- --------------------------------- -------------------------------- ---------------------------------
February 2004       $543,000
------------------- --------------------------------- -------------------------------- ---------------------------------
March 2004          $622,000
------------------- --------------------------------- -------------------------------- ---------------------------------
June 2004           $209,000
------------------- --------------------------------- -------------------------------- ---------------------------------
September 2004      $123,000
------------------- --------------------------------- -------------------------------- ---------------------------------
December 2004       $20,000
------------------- --------------------------------- -------------------------------- ---------------------------------

</TABLE>

THE UNDERSIGNED REPRESENTS AND WARRANTS THAT THIS IS TRUE, COMPLETE AND CORRECT,
AND THAT THE INFORMATION IN THIS AVAILABILITY CERTIFICATE COMPLIES WITH THE
REPRESENTATIONS AND WARRANTIES IN THE LOAN AND SECURITY AGREEMENT BETWEEN THE
UNDERSIGNED AND SILICON VALLEY BANK.

COMMENTS:

Daleen Technologies, Inc.                               BANK USE ONLY

                                                        Rec'd By:
                                                                  -------------
By:                                                               Auth. Signer
    -------------------------
         Authorized Signer                             Date:
                                                                  -------------
                                                       Verified:
                                                                  -------------
                                                                  Auth. Signer
                                                       Date:
                                                                  -------------

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

<PAGE>

                                    EXHIBIT D
                             COMPLIANCE CERTIFICATE

TO:               SILICON VALLEY BANK
                  3003 Tasman Drive
                  Santa Clara, CA 95054

FROM:             DALEEN TECHNOLOGIES, INC.

         The undersigned authorized officer of Daleen Technologies, Inc.
("Borrower") certifies that under the terms and conditions of the Loan and
Security Agreement between Borrower and Bank (the "Agreement"), (i) Borrower is
in complete compliance for the period ending _______________ with all required
covenants except as noted below and (ii) all representations and warranties in
the Agreement are true and correct on this date. Attached are the required
documents supporting the certification. In addition, the undersigned authorized
officer of Borrower certifies that Borrower and each Subsidiary (i) has timely
filed all required tax returns and paid, or made adequate provision to pay, all
material taxes, except those being contested in good faith with adequate
reserves under GAAP and (ii) does not have any legal actions pending or
threatened against Borrower or any Subsidiary which Borrower has not previously
notified in writing to Bank. The Officer certifies that these are prepared in
accordance with Generally Accepted Accounting Principles (GAAP) consistently
applied from one period to the next except as explained in an accompanying
letter or footnotes. The Officer acknowledges that no borrowings may be
requested at any time or date of determination that Borrower is not in
compliance with any of the terms of the Agreement, and that compliance is
determined not just at the date this certificate is delivered.

PLEASE INDICATE COMPLIANCE STATUS BY CIRCLING YES/NO UNDER "COMPLIES" COLUMN.

<TABLE>
<CAPTION>
REPORTING COVENANT                                            REQUIRED                            COMPLIES
------------------                                            --------                            --------
<S>                                                           <C>                                 <C>     <C>
Monthly financial statements + CC + Deferred Rev.             Monthly within 30 days              Yes     No
Annual (Audited)                                              FYE within 120 days                 Yes     No
A/R & A/P Agings                                              Monthly within 30 days              Yes     No
A/R Audit                                                     Initial and every 4 months          Yes     No
Availability Certificate                                      Monthly within 30 days              Yes     No
ETB Contract Updates                                          Monthly within 30 days              Yes     No
Preliminary Draft Operating Budgets and Projections           Before FYE                          Yes     No
Board Approved Operating Budgets and Projections              w/i60 days after FYE                Yes     No

</TABLE>

<TABLE>
<CAPTION>

FINANCIAL COVENANT                                            REQUIRED           ACTUAL            COMPLIES
------------------                                            --------           ------            --------
<S>                                                           <C>                <C>              <C>     <C>
Maintain on a Monthly Basis:
  Minimum Tangible Net Worth                                  $4,000,000         $________        Yes      No

  Minimum ETB Cash Receipts on a cumulative basis by:

February 29, 2004                                             $396,500           $_________       Yes      No
March 31, 2004                                                $641,500           $_________       Yes      No
May 31, 2004                                                  $663,500           $_________       Yes      No
June 30, 2004                                                 $1,738,500         $_________       Yes      No
August 31, 2004                                               $1,916,500         $_________       Yes      No
September 30, 2004                                            $2,442,500         $_________       Yes      No
October 31, 2004                                              $2,455,500         $_________       Yes      No
November 30, 2004                                             $3,145,500         $_________       Yes      No
December 31, 2004                                             $3,545,500         $_________       Yes      No
January 31, 2005                                              $4,961,500         $_________       Yes      No
February 28, 2005                                             $5,231,500         $_________       Yes      No
April 30, 2005                                                $5,843,500         $_________       Yes      No

Have there been updates to Borrower's intellectual property, if appropriate?                     Yes / No

</TABLE>
                    BANK USE ONLY
--------------------------------------------------------------------------------
Received by:
             ---------------------------------------
                  AUTHORIZED SIGNER

Date:
      ----------------------------------------------

Verified:
          ------------------------------------------
                  AUTHORIZED SIGNER

Date:
      ----------------------------------------------
Compliance Status:                        Yes     No
--------------------------------------------------------------------------------

COMMENTS REGARDING EXCEPTIONS:  See Attached.

Sincerely,

-----------------------------------------------
SIGNATURE

-----------------------------------------------
TITLE

-----------------------------------------------
DATE

<PAGE>
                     SCHEDULE TO LOAN AND SECURITY AGREEMENT

The exact correct corporate name of Borrower is (attach a copy of the formation
documents, e.g., articles, partnership agreement):

         Daleen Technologies, Inc.

         Daleen Solutions, Inc.

         DSI, Inc.

         Daleen IAC, LLC

Borrower's State of formation:

         Delaware (all)

Borrower has operated under only the following other names (if none, so state):

         None in the last five years

All other addresses at which the Borrower does business in the U.S. are as
follows (attach additional sheets if necessary and include all warehouse
addresses):

         Daleen Technologies, Inc.:

                  902 Clint Moore Road, Suite 230, Boca Raton, FL 33487

         Daleen Solutions, Inc.:

                  400 Chesterfield Road, Suite 200, Chesterfield, MO 63017

                  14500 South Outer 40, Chesterfield, MO 63017

Borrower has deposit accounts and/or investment accounts located ONLY at the
following U.S. institutions:

List Acct. Numbers:

         Daleen Technologies, Inc. - 3300291045 and 330291098 and 886-00504
         (mutual fund account)

         Daleen Solutions, Inc. - 3300378587

Liens existing on the Closing Date and disclosed to and accepted by Bank in
writing:

         Daleen Solutions, Inc.:

                  Security interests in equipment leases

Investments existing on the Closing Date and disclosed to and accepted by Bank
in writing:

         Daleen Technologies, Inc.:

                  Promissory Note executed by Focus Financial Corp. and warrants
                  related to purchase of PartnerCommunity - The Company holds a
                  promissory note for $200,000 due at the end of 2005 which
                  bears interest at a rate of 8% per year annually; and five
                  year warrants to purchase 1,200,000 shares of PartnerCommunity
                  preferred stock at $.10 per share. The note receivable is
                  fully reserved at $200,000 since the collectibility is
                  questionable. The warrants are on the Company's balance sheet
                  recorded at $165,700.

                  InfoDesk, Inc., 16,204 shares of Common Stock

                  Cathy Carver Promissory Note - The Company holds a $33,000
                  note receivable from a former employee that is due in
                  September 2004.

         Daleen Solutions, Inc. (all of these investments are being sold)

                  MetLife, 124 shares of Common Stock
<PAGE>

                  ICG Communications, Inc., 314 shares of Common Stock and
                  warrants to purchase an additional 52 shares

                  Prudential, 794 shares of Common Stock

SUBORDINATED DEBT:

Indebtedness on the Closing Date and disclosed to and consented to by Bank in
writing:

         Daleen Technologies, Inc.:

                  Surety bonds associated with ETB project

                  Letter of Credit (with SVB) related to Boca lease in the
                  amount of $52,000 dated January 2004. The amount of the letter
                  of credit will be reduced each year over the 5 year period
                  lease.

                  Letter of Credit (with SVB) related to financing of 2003-2004
                  insurance premiums in the amount of $530,000. This letter of
                  credit expires in November 2004 and will be reduced by $53,055
                  each month beginning in February 2004.

                  Letter of Credit (with SVB) related to Corporate AMEX account
                  in the amount of $30,000. AMEX requires this letter of credit
                  as long as the Company has a corporate credit card program.
                  This will be outstanding for as long as the corporate program
                  is in place.

                  Severance obligations for management - The Company has
                  employment agreements with its management. Generally, the
                  agreement for Mr. Quick provides for 24 months of severance;
                  the agreements for the senior business team (7 persons)
                  provides for 12 months of severance; and the agreements for
                  key and impact employees and director level managers provide
                  for four and three months respectively.

         U.S. Leases:

                  Daleen Technologies, Inc.:

                           902 Clint Moore Road, Suite 230, Boca Raton, FL 33487
                           (Five year lease commitment commencing March 2004)

                           980 Hammond Drive, Atlanta, Georgia
                           (subleased, not used)

                  Daleen Solutions, Inc.:

                           400 Chesterfield Road, Suite 200, Chesterfield, MO
                           63017 (commitment through June 2004)

                           14500 South Outer 40, Chesterfield, MO 63017
                           (commitment through November 2004)

         Capital and operating lease arrangements with various lenders for
         equipment and furniture.

The following is a list of the Borrower's copyrights (including copyrights of
software) which are registered with the United States Copyright Office. (Please
include name of the copyright and registration number and attach a copy of the
registration):

         None

The following is a list of all software which the Borrower sells, distributes or
licenses to others, which is NOT registered with the United States Copyright
Office. (Please include versions which are not registered:

         Daleen Technologies, Inc.:

                  BillPlex

                  RevChain

         Daleen Solutions, Inc.

<PAGE>

                  NetworkStrategies

                  Simpliciti

                  Asuriti

The following is a list of all of the Borrower's patents which are registered
with the United States Patent Office. (Please include name of the patent and
registration number and attach a copy of the registration.):

Daleen Technologies, Inc.:

<TABLE>
<CAPTION>
   ------------------------------------------------------------------------------------------------------------
                      APPLICATION
       FILE NO.       SERIAL NO.                         TITLE OF INVENTION                       PATENT NO.

<S>                <C>              <C>                                                              <C>
   530-A99-017     09/032,529       CUSTOMIZABLE ELECTRONIC INVOICE WITH OPTIONAL SECURITY           6,282,552
   530-A99-018     09/149,495       DYNAMICALLY CONFIGURABLE AND EXTENSIBLE RATING ENGINE            6,182,054
   530-A99-024     09/290,804       BILLING SYSTEM FOR DISTRIBUTING THIRD PARTY MESSAGES TO FORM     6,493,722
                                    A COMMUNITY OF SUBSCRIBERS TO NEGOTIATE A GROUP PURCHASE
                                    FROM THE THIRD PARTY
   530-A99-028     09/477,458       DATA ELEMENT CHARACTERISTICS                                     6,526,409
   ------------------------------------------------------------------------------------------------------------

</TABLE>

The following is a list of all of the Borrower's patents which are pending with
the United States Patent Office. (Please include name of the patent and a copy
of the application.):

         Daleen Technologies, Inc.:
<TABLE>

   ------------------------------------------------------------------------------------------------------------
<S>                <C>        <C>
   530-A00-001     09/567,935       CONFIGURATION, MANAGEMENT AND CONTROL FOR BUSINESS MODEL DATA AS APPLIED
                                    TO A BILLING SYSTEM

   530-A00-005     10/117,377       METHOD AND SYSTEM FOR RULE BASED VALIDATION PRIOR TO COMMITTING DATA TO A
                                    DATABASE SYSTEM
   ------------------------------------------------------------------------------------------------------------

</TABLE>

<PAGE>

The following is a list of all of the Borrower's registered trademarks. (Please
include name of the trademark and a copy of the registration.):

         Daleen Tecnologies, Inc.:
<TABLE>
<CAPTION>
   ----------------- ------------------- --------------------------------------------- -------------------
   Serial Number     Reg. Number         Word Mark                                     Country
   ----------------- ------------------- --------------------------------------------- -------------------
   ----------------- ------------------- --------------------------------------------- -------------------
<S>                  <C>                 <C>                                           <C>
   76286985          2571368             DALEEN                                        USA
   ----------------- ------------------- --------------------------------------------- -------------------
   ----------------- ------------------- --------------------------------------------- -------------------
   76283488          2536545             DALEEN                                        USA
   ----------------- ------------------- --------------------------------------------- -------------------
   ----------------- ------------------- --------------------------------------------- -------------------
   76283491          2614921             D                                             USA
   ----------------- ------------------- --------------------------------------------- -------------------
   ----------------- ------------------- --------------------------------------------- -------------------
   76283490          2607338             DALEEN                                        USA
   ----------------- ------------------- --------------------------------------------- -------------------
   ----------------- ------------------- --------------------------------------------- -------------------
   76283489          2607337             DALEEN                                        USA
   ----------------- ------------------- --------------------------------------------- -------------------
   ----------------- ------------------- --------------------------------------------- -------------------
   76180308          2707643             REVCHAIN                                      USA
   ----------------- ------------------- --------------------------------------------- -------------------
   ----------------- ------------------- --------------------------------------------- -------------------
   76219462                              REVENUE CHAIN MANAGEMENT                      USA
   ----------------- ------------------- --------------------------------------------- -------------------
   ----------------- ------------------- --------------------------------------------- -------------------
   76218795                              REVENUE CHAIN MANAGEMENT                      USA
   ----------------- ------------------- --------------------------------------------- -------------------
   ----------------- ------------------- --------------------------------------------- -------------------
   76200640          2707672             POWERING YOUR REVENUE CHAIN                   USA
   ----------------- ------------------- --------------------------------------------- -------------------
   ----------------- ------------------- --------------------------------------------- -------------------
   76200638                              IIA                                           USA
   ----------------- ------------------- --------------------------------------------- -------------------
   ----------------- ------------------- --------------------------------------------- -------------------
   76200637                              POWERING YOUR REVENUE CHAIN                   USA
   ----------------- ------------------- --------------------------------------------- -------------------
   ----------------- ------------------- --------------------------------------------- -------------------
   76180311          2660442             REVCHAIN                                      USA
   ----------------- ------------------- --------------------------------------------- -------------------
   ----------------- ------------------- --------------------------------------------- -------------------
   76408915          2685050             DALEEN TECHNOLOGIES, INC                      USA
   ----------------- ------------------- --------------------------------------------- -------------------
   ----------------- ------------------- --------------------------------------------- -------------------
   75554059          2287878             BILLPLEX                                      USA
   ----------------- ------------------- --------------------------------------------- -------------------
   ----------------- ------------------- --------------------------------------------- -------------------
   75408918          2667479             DALEEN TECHNOLOGIES, INC.                     USA
   ----------------- ------------------- --------------------------------------------- -------------------
   ----------------- ------------------- --------------------------------------------- -------------------
   75408917          2240499             BILLPLEX LOGO                                 USA
   ----------------- ------------------- --------------------------------------------- -------------------
   ----------------- ------------------- --------------------------------------------- -------------------
   75408916          2373397             DALEEN LOGO                                   USA
   ----------------- ------------------- --------------------------------------------- -------------------
   ----------------- ------------------- --------------------------------------------- -------------------
   75378116                              SMART INVOICE                                 USA
   ----------------- ------------------- --------------------------------------------- -------------------
   ----------------- ------------------- --------------------------------------------- -------------------
   75378112                              INTELLIGENT BILL                              USA
   ----------------- ------------------- --------------------------------------------- -------------------
   ----------------- ------------------- --------------------------------------------- -------------------
   75152485          2248476             PRESENCE                                      USA
   ----------------- ------------------- --------------------------------------------- -------------------
   ----------------- ------------------- --------------------------------------------- -------------------
   75152483                              BILLPLEX                                      USA
   ----------------- ------------------- --------------------------------------------- -------------------
   ----------------- ------------------- --------------------------------------------- -------------------
   75152482          2191766             WORLDWIDE CASINO                              USA
   ----------------- ------------------- --------------------------------------------- -------------------
   ----------------- ------------------- --------------------------------------------- -------------------
   75319632          2215969             REVENUE CHAIN MANAGEMENT                      USA
   ----------------- ------------------- --------------------------------------------- -------------------

</TABLE>

Daleen Solutions, Inc.:

<TABLE>
<CAPTION>

   ----------------------------------------------- --------------------- --------------------------------
   Mark                                            Serial #              Registration # (if available)
   ----------------------------------------------- --------------------- --------------------------------
   ----------------------------------------------- --------------------- --------------------------------
<S>                                                <C>                    <C>
   Abiliti Solutions                               76/337,430
   ----------------------------------------------- --------------------- --------------------------------
   ----------------------------------------------- --------------------- --------------------------------
   BillingCentral                                  76/350,531            2,631,506
   ----------------------------------------------- --------------------- --------------------------------
   ----------------------------------------------- --------------------- --------------------------------
   EventProcessor                                  76/350,532            2,631,507
   ----------------------------------------------- --------------------- --------------------------------
   ----------------------------------------------- --------------------- --------------------------------
   NetworkStrategies                                                     1,715,320
   ----------------------------------------------- --------------------- --------------------------------
   ----------------------------------------------- --------------------- --------------------------------
   A Better Way to Bill                            76/350,530
   ----------------------------------------------- --------------------- --------------------------------
   ----------------------------------------------- --------------------- --------------------------------
   Simpliciti.net                                  76/422,621
   ----------------------------------------------- --------------------- --------------------------------
   ----------------------------------------------- --------------------- --------------------------------
   Simply Better Event Management                  76/436,170
   ----------------------------------------------- --------------------- --------------------------------

</TABLE>

Borrower is not subject to litigation which would have a material adverse effect
on the Borrower's financial condition, except the following (attach additional
comments, if needed):

    ANGELO FAZARI V. DALEEN TECHNOLOGIES, INC., ET AL. On December 5, 2001, a
class action complaint was filed in the United States District Court for the
Southern District of New York. On April 22, 2002 an amended complaint was filed
by two plaintiffs purportedly on behalf of persons purchasing the Company's
common stock between September 20, 1999 and December 6, 2000. The complaint is
styled as ANGELO FAZARI, ON BEHALF OF HIMSELF AND ALL OTHERS SIMILARLY SITUATED,
VS. DALEEN TECHNOLOGIES, INC., BANCBOSTON ROBERTSON STEPHENS INC., HAMBRECHT &
QUIST LLC, SALOMON SMITH BARNEY INC., JAMES DALEEN, DAVID B. COREY AND RICHARD
A. SCHELL. The individual defendants, Messrs. Corey, Schell and Daleen, have
entered into tolling agreements with the plaintiffs resulting in their dismissal
from the case without prejudice. The remaining defendants include us and certain
of the underwriters from the Company's initial public offering ("IPO"). More
than 300 similar class action lawsuits filed in the Southern District of New
York against numerous companies and their underwriters have been consolidated
for pretrial purposes before one judge under the caption "In re Initial Public
Offering Securities Litigation. The complaint includes allegations of violations
of (i) Section 11 of the Securities Act of 1933 by all named defendants, (ii)
Section 15 of the Securities Act of 1933 by the individual defendants and (iii)
Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated
thereunder by the underwriter defendants. Specifically, the plaintiffs allege in
the complaint that, in connection with the IPO, the defendants failed to
disclose "excessive commissions" purportedly solicited by and paid to the
underwriter defendants in exchange for allocating shares of the Company's common
stock in the IPO to the underwriter defendants' preferred customers. Plaintiffs
further allege that the underwriter defendants had agreements with preferred
customers tying the allocation of shares sold in the IPO to the preferred
customers' agreements to make additional aftermarket purchases at pre-determined
prices. Plaintiffs further allege that the underwriters used their analysts to
issue favorable reports about the Company to further inflate the Company's share
price following the IPO. Plaintiffs claim that the defendants knew or should
have known of the underwriters' actions and that the failure to disclose these
alleged arrangements rendered the prospectus included in the Company's
registration statement on Form S-1 filed with the SEC in September 1999
materially false and misleading. Plaintiffs seek unspecified damages and other
relief. In June 2003, the Company approved the terms of a proposed settlement
involving the plaintiffs, the insurance companies and numerous issuers,
including the Company and the individual defendants, that includes a waiver by

<PAGE>

the insurance companies of any retention amounts under the policies. Court
approval of the settlement is required. Under the terms of the proposed
settlement, there would be no liability to be recorded by the Company other than
legal fees incurred in the initial defense of the action, which are immaterial.
There is no assurance that a settlement with the plaintiffs will be finalized.
In the event that the settlement is not finalized and approved by the court, the
Company intends to defend vigorously against the plaintiffs' claims. The Company
believes that it is entitled to indemnification by the underwriters under the
terms of the underwriting agreements. The Company has notified the underwriters
of the action, but the underwriters have not yet agreed to indemnify the
Company. The lead underwriter, BancBoston Robertson Stephens Inc., has ceased
doing business and there is no assurance it will have the financial resources to
provide indemnification. Currently the amount of a loss, if any, cannot be
determined.

         KIENTZY V. ABILITI SOLUTIONS, INC., DALEEN TECNOLOGIES, INC., AND
DALEEN SOLUTIONS, INC. On August 1, 2003, a First Amended Petition, styled as
JAMES E. KIENTZY AND DAVID K. WILSON VS. ABILITI SOLUTIONS, INC., A CORPORATION,
AND DALEEN TECHNOLOGIES, INC., A CORPORATION, AND DALEEN SOLUTIONS, INC., A
CORPORATION AND WHOLLY-OWNED SUBSIDIARY OF DALEEN, was filed in the Circuit
Court of the County of St. Louis, State of Missouri. The First Amended Petition
added Daleen Technologies and Daleen Solutions as defendants in the named
action. The First Amended Petition contains certain allegations against Abiliti
related to the non-payment of certain promissory notes in the aggregate
principal amount of $1.2 million. The promissory notes that are the subject of
the First Amended Petition are liabilities that were retained by Abiliti
pursuant to the terms of the Abiliti Acquisition. The plaintiffs allege that the
purchase of substantially all of the assets and certain liabilities of Abiliti
constituted a de facto merger and, as a result, Daleen Technologies and its
indirect wholly owned subsidiary, Daleen Solutions, are responsible for payment
of the promissory notes and indemnification of the plaintiffs in connection with
Abiliti's counterclaim against the plaintiffs. The First Amended Petition also
seeks to set aside the transfer of Abiliti assets as a fraudulent transfer. In
December, 2003, the court granted summary judgment to the plaintiffs on the
promissory notes awarding a judgment in the amount of $1,796,938.14. However,
the plaintiffs are not permitted to execute on the judgment until such time as
the senior debt (Behrman notes and Series B stock) is paid in full. The issue of
successor liability has not yet been determined. It is unclear at this time
whether the plaintiffs will continue to pursue this claim since the stay of
execution of judgment would also apply to Daleen. Daleen Solutions and Daleen
Technologies believe that they are entitled to indemnification by Abiliti
pursuant to the terms of the Purchase Agreement relating to the Abiliti
Acquisition. The Company has provided notice to Albacore Holdings, Inc.
("Albacore"), formerly known as Abiliti, of the action and Albacore has assumed
the defense of the First Amended Petition on the Company's behalf. However,
there can be no assurance that Albacore will have the financial resources to
defend and/or settle the claims, pay any judgment ultimately obtained by
plaintiffs, or continue to provide indemnification in connection with this
matter. Due to the early stage of the proceeding, a loss, if any, cannot be
determined.

         DALEEN SOLUTIONS, INC., DALEEN TECHNOLOGIES, INC. AND ALBACORE
HOLDINGS, INC. V. HOULIHAN LOKEY HOWARD & ZUKIN CAPITAL, INC. AND HOULIHAN LOKEY
HOWARD & ZUKIN FINANCIAL ADVISORS, INC. Daleen, Daleen Solutions and Albacore
filed a declaratory judgment action against Houlihan Lokey Howard & Zukin
Capital, Inc. and Houlihan Lokey Howard & Zukin Financial Advisors, Inc.
("Houlihan") seeking a declaration that they are not liable to Houlihan for fees
under an engagement letter between Abiliti Solutions, Inc. and Houlihan (a
liability Daleen assumed in the acquisition of Abiliti). Houlihan has filed a
counterclaim in excess of $800,000. The parties have reached a settlement in
principal pursuant to which the action and counterclaim would be dismissed, full
releases would be exchanged and Daleen would pay Houlihan approximately $55,000.
The parties are in the process of documenting the settlement.

         DALEEN SOLUTIONS, INC. V. DATA INTEGRATION SYSTEMS, INC. Daleen filed a
collection action against Data Integration Systems, Inc. ("DIS") in December,
2003 for seeking contractual damages of $694,600. DIS recently filed a
counterclaim for damages in the amount of $1,500,000. The nature of the alleged
damages is unclear. Due to the early stage of the proceeding, a loss, if any,
cannot be determined with respect to this litigation.

<PAGE>

         TAMARA COOPER V. ALBACORE HOLDINGS, INC. B/D/A ABILITI SOLUTIONS, INC.,
DALEEN SOLUTIONS, INC. AND GORDON QUICK. On January 13, 2004, Tamara Cooper
filed an action against Albacore and Daleen Solutions, Inc. alleging Missouri
Human Rights Act violations and battery. Daleen Solutions and Daleen
Technologies believe that they are entitled to indemnification by Abiliti
pursuant to the terms of the Purchase Agreement relating to the Abiliti
Acquisition. The Company has provided notice to Albacore Holdings, Inc.,
formerly known as Abiliti, of the action and Albacore has assumed the defense of
the First Amended Petition on the Company's behalf. However, there can be no
assurance that Albacore will have the financial resources to defend and/or
settle the claims, pay any judgment ultimately obtained by plaintiffs, or
continue to provide indemnification in connection with this matter. Due to the
early stage of the proceeding, a loss, if any, cannot be determined with respect
to this litigation.

Tax ID Number

         Daleen Technologies, Inc. - 65-0944514

         Daleen Solutions, Inc. - 06-1660022

         DSI, Inc. - 06-1660012

         Daleen IAC, LLC - None

Organizational Number, if any:

         Daleen Technologies, Inc. - DE State ID# 3057786

         Daleen Solutions, Inc. - DE State ID# 3576193

         DSI, Inc. - DE State ID# 3576328

         Daleen IAC, LLC - DE State ID# 3141816

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