Document:

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                                IMPORTANT NOTICE

           THIS NOTE CONTAINS A CONFESSION OF JUDGMENT PROVISION WHICH
           CONSTITUTES A WAIVER OF IMPORTANT RIGHTS YOU MAY HAVE AS A
          BORROWER AND ALLOWS THE LENDER TO OBTAIN A JUDGMENT AGAINST
                           YOU WITHOUT FURTHER NOTICE.

                          FOURTH AMENDED AND RESTATED
                              REVOLVING CREDIT NOTE

        This FOURTH AMENDED AND RESTATED REVOLVING CREDIT NOTE (this "Note") is
made this 15th day of December, 2000, between COMPUTER LEARNING CENTERS, INC.
(the "Borrower") and FIRST UNION NATIONAL BANK, successor-by-merger to
CORESTATES BANK, N.A. (the "Lender").

                                    RECITALS

        1.      The Borrower is indebted to the Lender under a Third Amended and
Restated Revolving Credit Note dated May 15, 2000 in the face amount of
$9,200,000.00 (the "Revolving Credit Note"). The Revolving Credit Note evidences
a $9,200,000.00 credit facility which the Lender has made available to the
Borrower.

        2.      The Borrower and the Lender have agreed to execute this Fourth
Amended and Restated Revolving Credit Note (the "Note") pursuant to the terms
and conditions of a Third Amended and Restated Credit Agreement of even date
herewith (the "Credit Agreement").

        NOW, THEREFORE, in consideration of the foregoing, the Borrower and the
Lender agree as follows:

                FOR VALUE RECEIVED, the undersigned, COMPUTER LEARNING CENTERS,
INC., a Delaware corporation, hereby unconditionally promises to pay on the
Revolving Credit Termination Date, to the order of FIRST UNION NATIONAL BANK,
successor-by-merger to CoreStates Bank, N.A. (the "Lender"), at the office of
the Lender at 1970 Chain Bridge Road, McLean, Virginia 22102, in lawful money of
the United States of America and in immediately available funds, the principal
amount of the lesser of (a) Two Million Dollars ($2,000,000), or (b) the
aggregate unpaid principal amount of all Revolving Credit Loans made by the
Lender to the undersigned pursuant to the Credit Agreement. The Credit Agreement
is incorporated into and made a part of this Note. Capitalized terms
hereinbefore or hereinafter used without definition shall have the meanings
assigned to such terms in the Credit Agreement.

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                  The undersigned further agrees to pay interest in like money
at such office on the unpaid principal amount hereof from time to time from the
date hereof until and after such amount shall become due and payable (whether at
stated maturity, by demand, by acceleration or otherwise) on the dates and at
the applicable rates per annum as provided in Subsections 2.13 and 2.14 of the
Credit Agreement; provided that all accrued and unpaid interest shall be payable
in full on the Revolving Credit Termination Date.

                  The date and amount of each Revolving Credit Loan made by the
Lender, and the date and amount of each payment or prepayment of principal
thereof, as reflected on the Lender's books and records with respect to the
Revolving Credit Note and this Note, shall constitute prima facie evidence,
absent manifest error, of the accuracy of the information so reflected.

                  If any payment under this Note becomes due and payable on a
day other than a Business Day, such payment shall be extended to the next
succeeding Business Day, and, with respect to payments of principal, interest
thereon shall be payable at the then applicable rate during such extension.

                  Upon the occurrence of any one or more Events of Default, all
amounts then remaining unpaid on this Note shall become, or may be declared to
be, immediately due and payable, all as provided in the Credit Agreement.

                  The Borrower duly constitutes and appoints Gregory A. Baugher,
J. David Linthicum (each of whom is an officer of the Lender), and the Lender
through an officer duly authorized by the Lender (any of the foregoing may act)
as the true and lawful attorneys-in-fact for it, in its name, place and stead,
and upon the occurrence of an Event of Default, to confess judgment against it,
in favor of the Lender, before the Clerk of the Circuit Court for Fairfax
County, Virginia, in accordance with 1950 Code of Virginia, Section 8.01-431 et
seq, and any successor statute, for all amounts owed with respect to the
Obligations under and pursuant to this Note including, without limitation, all
costs of collection, attorneys' fees in an amount equal to 15% of the
Obligations then outstanding (which shall be deemed reasonable attorneys' fees
for the purposes of this paragraph), and court costs, hereby ratifying and
confirming the acts of said attorney-in-fact as if done by itself. Upon request
of the Lender, the Borrower will execute an amendment or other agreement
substituting attorneys-in-fact appointed to act for the Borrower hereunder.

                  Except as expressly provided herein and in the Credit
Agreement, the undersigned hereby waives presentment, demand, protest, notice of
protest and all other notices of any kind.

                  THE LENDER, BY ITS ACCEPTANCE HEREOF, AND THE UNDERSIGNED EACH
AGREES THAT ANY ACTION, SUIT OR PROCEEDING INVOLVING ANY CLAIM, COUNTERCLAIM OR
CROSS-CLAIM ARISING OUT OF OR IN ANY WAY RELATING, DIRECTLY OR INDIRECTLY, TO
THIS NOTE, OR ANY LIABILITIES,

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RIGHTS OR INTERESTS OF THE UNDERSIGNED OR THE LENDER ARISING OUT OF OR IN ANY
WAY RELATING, DIRECTLY OR INDIRECTLY, TO THIS NOTE, SHALL BE TRIED BY A COURT
AND NOT BY A JURY. THE LENDER, BY ITS ACCEPTANCE HEREOF, AND THE UNDERSIGNED
EACH HEREBY WAIVES ANY RIGHT TO TRIAL BY JURY IN ANY SUCH ACTION, SUIT OR
PROCEEDING, WITH THE UNDERSTANDING AND AGREEMENT THAT THIS WAIVER CONSTITUTES A
WAIVER OF TRIAL BY JURY OF ALL CLAIMS, COUNTERCLAIMS AND CROSS-CLAIMS AGAINST
ALL PARTIES TO SUCH ACTIONS, SUITS OR PROCEEDINGS, INCLUDING CLAIMS,
COUNTERCLAIMS AND CROSS-CLAIMS AGAINST PARTIES WHO ARE NOT PARTIES TO THIS NOTE,
THE CREDIT AGREEMENT OR THE OTHER CREDIT DOCUMENTS. THIS WAIVER IS KNOWINGLY,
WILLINGLY AND VOLUNTARILY MADE BY THE LENDER AND THE UNDERSIGNED, AND EACH OF
THE LENDER AND THE UNDERSIGNED ACKNOWLEDGES AND AGREES THAT THIS WAIVER OF TRIAL
BY JURY IS A MATERIAL ASPECT OF THE AGREEMENTS AMONG THEM AND THAT NO
REPRESENTATIONS OF FACT OR OPINION HAVE BEEN MADE BY ANY PERSON TO INDUCE THIS
WAIVER OF TRIAL BY JURY OR TO MODIFY, LIMIT OR NULLIFY ITS EFFECT.

                  This Note amends and restates in its entirety that certain
Third Amended and Restated Revolving Credit Note dated May 15, 2000, in the
principal amount of $9,200,000.00 executed by the Borrower in favor of the
Lender. The Lender and the Borrower intend that the execution and delivery of
this Note shall not constitute or be construed to operate as a new indebtedness
of the Borrower, but the terms of the indebtedness of the Borrower pursuant to
the Revolving Credit Note shall be modified in accordance herewith.

                  This Note shall be governed by, and construed and interpreted
in accordance with, the internal laws of the Commonwealth of Virginia, exclusive
of principles of conflicts of laws.

                  IN WITNESS WHEREOF, the undersigned has duly executed, or
caused to be duly executed, this Note under sale the day and year first above
written.

ATTEST/WITNESS:                     COMPUTER LEARNING CENTERS, INC.

     [SIG]                          By: /S/ JOHN L. CORSE
----------------------------            --------------------------------------
                                        John L. Corse
                                        President and Chief Executive Officer

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COMMONWEALTH OF VIRGINIA, COUNTY OF PRINCE WILLIAM, to wit:
                                    --------------

         I HEREBY CERTIFY, that on this 19th day of December, 2000, before me,
the undersigned Notary Public, personally appeared John L. Corse, who
acknowledged himself to be the President of Computer Learning Centers, Inc.,
known to me (or satisfactorily proven) to be the person who executed the
foregoing instrument and acknowledged that he, being authorized so to do,
executed the foregoing instrument on behalf of Computer Learning Centers, Inc.,
for the purposes therein contained.

         WITNESS my hand and Notarial Seal.

                                          /s/ THERESA HUSSEN
                                          ------------------------------------
                                          Notary Public

 My Commission Expires:  JUNE 30, 2004
                       ----------------

         The Lender hereby accepts this Fourth Amended and Restated Revolving
Credit Note and agrees to the restatement of the terms of the Revolving Credit
Note as set forth in this Fourth Amended and Restated Revolving Credit Note.

 ATTEST/WITNESS:                    FIRST UNION NATIONAL BANK

                                    By:                               (SEAL)
----------------------------           -------------------------------
                                        J. David Linthicum, Vice President

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                                                                     Exhibit 4.1

                          REGISTRATION RIGHTS AGREEMENT

     This REGISTRATION RIGHTS AGREEMENT (this "Agreement") is made and entered
into as of December 5, 2000, by and among Precise Software Solutions Ltd., an
Israeli corporation (the "Company"), and Richard North (the "Stockholders'
Agent"), as agent of and attorney-in-fact for the former stockholders (the
"Stockholders") of Savant Corporation, a Maryland corporation ("Savant").

                                    RECITALS

     The Company, Precise Acquisition Corporation, a Maryland corporation (the
"Subsidiary"), Savant and certain of the Stockholders have entered into an
Agreement and Plan of Merger dated as of October 27, 2000 (the "Merger
Agreement"), providing for the merger of Savant with and into the Subsidiary
(the "Merger"), resulting in Savant becoming a wholly-owned subsidiary of the
Company.

     Pursuant to the Merger Agreement, the Stockholders will acquire the Closing
Shares (as defined in the Merger Agreement) and may acquire the Contingent
Shares (as defined in the Merger Agreement). The Closing Shares and the
Contingent Shares, to the extent issued, are collectively referred to as the
"Shares."

     This Agreement is being entered into as a condition precedent to the
closing of the Merger and the parties desire that the Shares be subject to the
rights described herein.

     NOW, THEREFORE, in consideration of the covenants and representations set
forth herein, and for other good and valuable consideration, the parties agree
as follows:

     1.   DEFINITIONS. Capitalized terms used herein and not otherwise defined
shall have the meanings set forth in the Merger Agreement. As used in this
Agreement:

          (a)  "Commission" shall mean the Securities and Exchange Commission or
     any other federal agency at the time administering the Securities Act.

          (b)  The terms "register," "registered" and "registration" refer to a
     registration effected by preparing and filing a registration statement in
     compliance with the Securities Act and the declaration or ordering of
     effectiveness of such registration statement by the Commission.

          (c)  "Registrable Securities" shall mean the Shares, as well as any
     securities issued as a dividend or other distribution with respect to, or
     in exchange or in replacement of, the Shares.

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          (d)  "Securities Act" shall mean the Securities Act of 1933, as
     amended, or any similar federal statute enacted hereafter, and the rules
     and regulations promulgated thereunder, all as the same shall be in effect
     from time to time.

          (e)  "1934 Act" shall mean the Securities Exchange Act of 1934, as
     amended, or any similar federal statute enacted hereafter, and the rules
     and regulations of the Commission thereunder, all as the same shall be in
     effect from time to time.

     2.   REGISTRATION ON FORM F-3. After expiration of the Lock-up Period, if
(a) requested by holders of at least 50% of the Closing Shares and (b) the
Company is then eligible to file a registration statement on Form F-3, then the
Company shall (within 30 days) prepare and file with the Commission a
registration statement on Form F-3 or another appropriate form (the
"Registration Statement") under the Securities Act covering the resale from time
to time of all of the Registrable Securities pursuant to Rule 415 under the
Securities Act, and the Company shall use its best efforts to have the
Registration Statement declared effective as soon as practicable after the
filing date. If requested by holders of at least 50% of the Closing Shares, the
Company shall amend the Registration Statement promptly after issuance of any
Contingent Shares to register the resale of such Contingent Shares. The Company
shall keep the Registration Statement effective until the earlier of such time
as (i) all the Registrable Securities have been sold or (ii) the Registrable
Securities are eligible to be sold without volume or other restriction pursuant
to Rule 144 under the Securities Act (the "Registration Period").

     3.   REGISTRATION PROCEDURES. In connection with the registration of any
Registrable Securities, the Company shall, as expeditiously as reasonably
possible:

          (a)  Prepare and file with the Commission such pre-effective and
     post-effective amendments and supplements to such Registration Statement
     and the prospectus used in connection with such Registration Statement as
     may be necessary to cause the Registration Statement to become effective,
     to keep the Registration Statement continuously effective during the
     Registration Period and not misleading, and as may otherwise be required or
     applicable under, and to comply with the provisions of, the Securities Act
     with respect to the disposition of all Registrable Securities covered by
     such Registration Statement during the Registration Period.

          (b)  Furnish to the Stockholders such number of copies of a
     prospectus, including a preliminary prospectus, and each amendment or
     supplement thereto, in conformity with the requirements of the Securities
     Act, and such other documents as they may reasonably request in order to
     facilitate the disposition of Registrable Securities owned by them.

          (c)  Promptly notify the Stockholders (i) when a prospectus or any
     prospectus supplement or post-effective amendment is proposed to be filed
     and, with respect to any post-effective amendment, when the same has become
     effective, (ii) of any request by the Commission or any other federal or
     state governmental authority for amendments or supplements to a
     Registration Statement or related prospectus or for additional

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     information, (iii) of the issuance by the Commission of any stop order
     suspending the effectiveness of a Registration Statement or the initiation
     of any proceedings for that purpose, (iv) of the receipt by the Company of
     any notification with respect to the suspension of the qualification or
     exemption from qualification of any of the Registrable Securities for sale
     in any jurisdiction, or the initiation or threatening of any proceeding for
     such purpose, and (v) of the occurrence of any event or circumstance that
     makes any statement made in such Registration Statement or related
     prospectus or any document incorporated or deemed to be incorporated
     therein by reference untrue in any material respect or that requires the
     making of any changes in such Registration Statement, prospectus or
     documents so that, in the case of the Registration Statement and any
     amendment or supplement thereto, it will not contain any untrue statement
     of a material fact or omit to state any material fact required to be stated
     therein or necessary to make the statements therein, not misleading, and
     that in the case of the prospectus, it will not contain any untrue
     statement of a material fact or omit to state any material fact required to
     be stated therein or necessary to make the statements therein, in light of
     the circumstances under which they were made, not misleading.

          (d)  Make every reasonable effort to avoid the issuance of, or, if
     issued, obtain the withdrawal of, any order suspending the effectiveness of
     a Registration Statement, or the lifting of any suspension of the
     qualification (or exemption from qualification) of any of the Registrable
     Securities for sale in any jurisdiction, at the earliest practicable
     moment.

          (e)  If requested by the holders of at least 50% of the Closing
     Shares, (i) promptly incorporate in a prospectus supplement or
     post-effective amendment such information as the holders reasonably request
     should be included therein regarding such holders or the plan of
     distribution of the Registrable Securities and (ii) make all required
     filings of the prospectus supplement or such post-effective amendment as
     soon as practicable after the Company has received notification of such
     matters to be incorporated in such prospectus supplement or post-effective
     amendment; provided, however, that the Company shall not be required to
     take any action pursuant to this SECTION 3(e) that would, in the opinion of
     outside counsel for the Company, violate applicable law.

          (f)  Upon the occurrence of any event contemplated by SECTION 3(c), as
     promptly as practicable, prepare any required supplement or amendment,
     including a post-effective amendment, to the Registration Statement or a
     supplement to the related prospectus or any document incorporated or deemed
     to be incorporated therein by reference, and file any other required
     document so that, as thereafter delivered, the prospectus contained in the
     Registration Statement will not contain an untrue statement of a material
     fact or omit to state a material fact required to be stated therein or
     necessary to make the statements therein, in light of the circumstances
     under which they were made, not misleading.

          (g)  Use its reasonable best efforts to cause all Registrable
     Securities registered by such Registration Statement to be listed on the
     Nasdaq National market or such other

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     securities exchange or automated quotation system, if any, on which similar
     securities issued by the Company are then listed.

          (h)  The Company shall cooperate with the Stockholders to facilitate
     the timely preparation and delivery of certificates representing the
     Registrable Securities to be sold pursuant to the Registration Statement
     free of any restrictive legends and in such denominations and registered in
     such names as the Stockholders may request a reasonable period of time
     prior to sales of the Registrable Securities pursuant to the Registration
     Statement.

     4.   OBLIGATION TO FURNISH INFORMATION. It shall be a condition precedent
to the obligations of the Company to take any action pursuant to this Agreement
with respect to the shares of a Stockholder that such Stockholder shall have
furnished to the Company such information regarding it, the Registrable
Securities held by it, and the intended method of disposition of such
Registrable Securities as the Company shall reasonably request and as shall be
required in connection with the action to be taken by the Company.

     5.   SUSPENSION OF DISPOSITION OF REGISTRABLE SECURITIES. Each
Participating Holder agrees that, upon receipt of any notice from the Company of
the happening of any event of the kind described in SECTION 3(c)(v), such
Stockholder will forthwith discontinue disposition of Registrable Securities
until such Stockholder's receipt of copies of a supplemented or amended
prospectus contemplated by SECTION 3(c)(v), or until it is advised in writing
(the "Advice") by the Company that the use of the prospectus may be resumed, and
has received copies of any additional or supplemental filings which are
incorporated by reference in the prospectus. If so directed by the Company, each
Stockholder will deliver to the Company (at the expense of the Company) all
copies, other than permanent file copies then in each Stockholder's possession,
of the prospectus covering such Registrable Securities current at the time of
receipt of such notice. In the event the Company shall give any such notice, the
Registration Period shall be extended by the number of days during the period
from and including the date of the giving of such notice pursuant to SECTION
3(c)(v) to and including the date when each Stockholder shall have received the
copy of the supplemented or amended prospectus contemplated by SECTION 3(f) or
the Advice.

     6.   EXPENSES OF REGISTRATION. All expenses incurred in connection with the
registration pursuant to SECTION 2 (excluding any underwriters' discounts and
commissions), including, without limitation all registration and qualification
fees, fees and disbursements of counsel for the Company, shall be borne by the
Company.

     7.   INDEMNIFICATION.

          (a)  To the full extent permitted by law, the Company will, and hereby
     does indemnify and hold harmless each Stockholder, each director, officer,
     partner, employee, or agent for each Stockholder, any underwriter (as
     defined in the Act) for each Stockholder, and each Person, if any, who
     controls each Stockholder or underwriter within the meaning of the
     Securities Act, against any losses, claims, damages or liabilities, joint
     or several, to which they may become subject under the Securities Act

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     and applicable state securities laws insofar as such losses, claims,
     damages or liabilities (or actions in respect thereof) arise out of or are
     based on any untrue or alleged untrue statement of any material fact
     contained in such registration statement, including any preliminary
     prospectus or final prospectus contained therein or any amendments or
     supplements thereto, or arise out of or are based upon the omission or
     alleged omission to state therein a material fact required to be stated
     therein in light of the circumstances under which they were made or
     necessary to make the statements therein not misleading or arise out of any
     violation by the Company of any rule or regulation promulgated under the
     Securities Act applicable to the Company and relating to action or inaction
     required of the Company in connection with any such registration; and will
     reimburse each such Person for any legal or other expenses reasonably
     incurred by them in connection with investigating or defending any such
     loss, claim, damage, liability or action. The indemnity agreement contained
     in this SECTION 7 shall not apply to amounts paid in settlement of any such
     loss, claim, damage, liability, or action if such settlement is effected
     without the consent of the Company nor shall the Company be liable to a
     Stockholder, underwriter or controlling Person for any such loss, claim,
     damage, liability or action to the extent that it arises out of or is based
     upon an untrue statement or an alleged untrue statement or omission or
     alleged omission made in connection with such registration statement,
     preliminary prospectus, final prospectus, or amendments or supplements
     thereto, in reliance upon and in conformity with written information
     furnished expressly for use in connection with such registration by or on
     behalf of such Stockholder, underwriter or controlling Person.

          (b)  To the full extent permitted by law, each Stockholder will
     indemnify and hold harmless the Company, each of its directors, each of its
     officers who have signed the registration statement, each person, if any,
     who controls the Company within the meaning of the Act, and any underwriter
     for the Company (within the meaning of the Act), against any losses,
     claims, damages or liabilities, joint or several, to which the Company or
     any such director, officer, controlling Person or underwriter may become
     subject, under the Securities Act and applicable state securities laws,
     insofar as such losses, claims, damages or liabilities (or actions in
     respect thereof) arise out of or are based upon any untrue statement or
     alleged untrue statement of any material fact contained in such
     registration statement, including any preliminary prospectus or final
     prospectus contained therein or any amendments or supplements thereto, or
     arise out of or are based upon the omission or alleged omission to state
     therein a material fact required to be stated therein or necessary to make
     the statements therein not misleading in light of the circumstances, in
     each case to the extent, but only to the extent, that such untrue statement
     or alleged untrue statement or omission or alleged omission was made in
     such registration statement, preliminary or final prospectus, or amendments
     or supplements thereto, in reliance upon and in conformity with written
     information furnished by such Stockholder expressly for use in connection
     with such registration; and such Stockholder will reimburse any legal or
     other expenses reasonably incurred by the Company or any such director,
     officer, controlling person or underwriter in connection with investigating
     or defending any such loss, claim, damage, liability or action.

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          (c)  In no event shall the liability of any Stockholder under SECTION
     7(b) be greater than the lesser of (a) their pro rata portion of any
     liability based on the total liability of all Stockholders similarly
     situated, or (b) the dollar amount of the gross proceeds received by such
     Stockholder upon the sale of the Registrable Securities giving rise to such
     indemnification obligation.

          (d)  Promptly after receipt by an indemnified party under this SECTION
     7 of notice of the commencement of any action or knowledge of a claim that
     would, if asserted, give rise to a claim for indemnity hereunder, such
     indemnified party will, if a claim in respect thereof is to be made against
     any indemnifying party under this SECTION 7, notify the indemnifying party
     in writing of the commencement thereof or knowledge thereof and the
     indemnifying party shall have the right to participate in, and, to the
     extent the indemnifying party so desires, jointly with any other
     indemnifying party similarly noticed, to assume the defense thereof with
     counsel mutually satisfactory to the parties. The failure to notify an
     indemnifying party promptly of the commencement of any such action or of
     the knowledge of any such claim, if materially prejudicial to his ability
     to defend such action, shall relieve such indemnifying party of any
     liability to the indemnified party under this SECTION 7, but the omission
     so to notify the indemnifying party will not relieve him of any liability
     that he may have to any indemnified party otherwise than under this
     Section.

          (e)  If the indemnification provided for in this SECTION 7 is for any
     reason, other than pursuant to the terms thereof, held to be unavailable to
     an indemnified party in respect of any losses, claims, damages or
     liabilities (or actions in respect thereof) referred to therein, then each
     indemnifying party shall, in lieu of indemnifying such indemnified party,
     contribute to the amount paid or payable by such indemnified party as a
     result of such losses, claims, damages or liabilities (or actions in
     respect thereof) in such proportion as is appropriate to reflect the
     relative fault of the Company and each Stockholder in connection with the
     statements or omission which resulted in such losses, claims, damages,
     liabilities (or actions in respect thereof), as well as any other relevant
     equitable considerations. The relative fault shall be determined by
     reference to, among other things, whether the untrue or alleged untrue
     statement of a material fact relates to information supplied by the Company
     or each Stockholder and the parties' relative intent, knowledge, access to
     information and opportunity to correct or prevent such statement or
     omission. The Company and each Stockholder agree that it would not be just
     and equitable if contribution pursuant to this SECTION 7(e) were determined
     by pro rata allocation or by any other method of allocation which does not
     take account of the equitable considerations referred to above in this
     SECTION 7(e). The amount paid or payable by an indemnified party as a
     result of the losses, claims, damages or liabilities (or actions in respect
     thereof) referred to above in this SECTION 7(e) shall be deemed to include
     any legal or other expenses reasonably incurred by such indemnified party
     in connection with investigating or defending any such action or claim, but
     shall be subject, in the case of a Stockholder, to the limitation of the
     SECTION 7(c) above. No person guilty of fraudulent misrepresentation within
     the meaning of Section 11(d) of the Securities Act

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     shall be entitled to contribution from any person who was not guilty of
     such fraudulent misrepresentation.

     8.   TERMINATION. This Agreement shall terminate upon expiration of the
Registration Period, provided that the rights and obligations of the parties
pursuant to SECTION 7 shall survive such termination.

     9.   RULE 144. During the Registration Period, the Company covenants that
it will use its best efforts to file the reports required to be filed by it (if
so required) under the Securities Act and the Exchange Act in a timely manner
and, if at any time the Company is not required to file such reports, it will,
upon the request of any Stockholder, use its best efforts to make publicly
available other information so long as necessary to permit sales pursuant to
Rule 144 under the Securities Act. The Company further covenants that it will
take such further action as any Stockholder may reasonably request, all to the
extent required from time to time to enable such Stockholder to sell Registrable
Securities without registration under the Securities Act pursuant to the
exemptions provided by Rule 144 under the Securities Act. Upon the request of
any Stockholder, the Company will deliver to such Stockholder a written
statement as to whether it has complied with such information requirements.

     10.  REMEDIES. In case any one or more of the covenants and/or agreements
set forth in this Agreement shall have been breached by the Company or the
Stockholders, any of the Stockholders or the Company (as the case may be) may
proceed to protect and enforce its rights either by suit in equity and/or by
action at law, including, but not limited to, an action for damages as a result
of any such breach and/or an action for specific performance or injunctive
relief with respect to any such covenant or agreement contained in this
Agreement.

     11.  NOTICES. All notices or requests provided for or permitted to be given
pursuant to this Agreement must be in writing and may be given or served by (a)
depositing the same in the United States mail, addressed to the party to be
notified, postage paid, and registered or certified with return receipt
requested, or (b) by delivering such notice in person to such party. Notices so
deposited in the mail shall be deemed to have been given or served on the date
on which the party actually received or refused such written notice, as shown by
the date or postmark of any return receipt indicating the date of delivery or
attempted delivery to such receiving party. The addresses of the parties hereto
for all purposes of this Agreement are:

If to the Company:                             With a copy to:

690 Canton Street                              Piper Marbury Rudnick & Wolfe LLP
Westwood, MA  02090                            1200 Nineteenth Street, N.W.
Fax: (781) 461-0700                            Washington, DC 20036-2412
Attn: J. Benjamin H. Nye                       Fax: (202) 223-2085
                                               Attn: Anthony H. Rickert, Esq.

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If to the Stockholders or the Stockholders'      And to:
Agent:

Richard North                                    Odin, Feldman & Pittleman, P.C.
Miller & Smith                                   9302 Lee Highway. Suite 1100
1568 Springhill Road                             Fairfax, VA  22031
Fourth Floor                                     Fax: (703) 218-2160
McLean, VA 22102                                 Attn: Thomas N. Tartaro, Esq.

By giving to the other parties at least five (5) days' written notice thereof,
any party hereto shall have the right from time to time and at any time during
the term of this Agreement to change his respective address and each party shall
have the right to specify as his address any other address within the United
States of America.

     12.  GRANT OF OTHER REGISTRATION RIGHTS. From time to time, the Company may
grant registration rights to any other holder of any of the capital stock of the
Company.

     13.  BINDING AGREEMENT. This Agreement and each provision herein shall be
binding upon and applicable to, and shall inure to the benefit of, the
Stockholders, their permitted assigns and legal representatives.

     14.  CONSENTS AND WAIVERS. No consent or waiver, express or implied, by any
party hereto of the breach, default or violation by any other party hereto of
his obligations hereunder shall be deemed or construed to be a consent or waiver
to or of any other breach, default or violation of the same or any other
obligations of such party hereunder. Failure on the part of any party hereto to
complain of any act of any of the other parties or to declare any of the other
parties hereto in default, irrespective or how long such failure continues,
shall not constitute a waiver by such party of his rights hereunder.

     15.  APPLICABLE LAW. This Agreement and all questions relating to its
validity, interpretation and performance shall be governed by and construed in
accordance with the laws of the State of Delaware.

     16.  PRIOR AGREEMENTS; AMENDMENTS. This Agreement supersedes any prior or
contemporaneous understanding or agreement among the parties respecting the
subject matter hereof. There are no arrangements, understandings or agreements,
oral or written, among the parties hereto relating to the subject matter of this
Agreement, except those fully expressed herein or in documents executed
contemporaneously herewith. No change or modification of this Agreement shall be
valid or binding upon the parties hereto unless such change or modification or
waiver shall be in writing and signed by the Stockholders' Agent, and such
change or modification shall be binding on all holders of Registrable
Securities.

     17.  CAPTIONS. The captions used in this Agreement are for convenience only
and shall not be construed in interpreting this Agreement. Whenever the context
so required, the neuter

                                       8
<PAGE>   9

shall include the feminine and masculine, and the singular shall include the
plural, and conversely.

     18.  HEADINGS. All Section headings herein have been inserted for
convenience of reference only and shall in no way modify or restrict any of the
terms or provisions hereof.

     19.  COUNTERPARTS. This Agreement may be signed in any number of
counterparts, each of which shall be an original for all purposes, but all of
which taken together shall constitute only one agreement. This Agreement shall
become binding when one or more counterparts hereof, individually or taken
together, shall bear the signatures of all of the parties reflected hereon as
the signatories.

                                       9
<PAGE>   10

     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed and delivered on the date first above written.

                                             PRECISE SOFTWARE SOLUTIONS LTD.

                                             By: /s/ Shimon Alon
                                                 -------------------------------
                                                 Name: Shimon Alon
                                                 Title: President and CEO

                                             STOCKHOLDERS' AGENT

                                             /s/ Richard North
                                             -----------------------------------
                                             Name: Richard North

                                       10

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