Document:

<PAGE>

                                 EXHIBIT 10.57

                            LEASE AGREEMENT FOR THE

                          MOTOROLA PLAINFIELD BUILDING
<PAGE>

                                     LEASE

                                BY AND BETWEEN

    WHMAB REAL ESTATE LIMITED PARTNERSHIP, a Delaware limited partnership,
                                  as Landlord

                                      and

              MOTOROLA, INC., a Delaware corporation, as Tenant.
<PAGE>

                               TABLE OF CONTENTS

<TABLE>
<S>                                                                                        <C>
1.   Premises............................................................................   1
2.   Term................................................................................   2
3.   Base Rent...........................................................................   3
4.   Condition of Premises - Commencement Date...........................................   4
5.   Use.................................................................................   7
6.   Occupancy...........................................................................   7
7.   Compliance..........................................................................   7
8.   No Waste or Damage..................................................................   7
9.   Changes, Alterations and Additions..................................................   8
10.  Ingress and Egress..................................................................   8
11.  Abandonment.........................................................................   8
12.  Repairs.............................................................................   9
13.  [omitted]...........................................................................  10
14.  Utilities and Services..............................................................  10
15.  Inspection..........................................................................  10
16.  Damage or Destruction of Premises...................................................  11
17.  Condemnation........................................................................  12
18.  Landlord's Liability................................................................  12
19.  Default.............................................................................  13
20.  Bankruptcy..........................................................................  14
21.  Insurance; Waivers; Subrogation; Indemnity..........................................  14
22.  Tenant's Self-Insurance.............................................................  15
23.  Mechanic's Liens....................................................................  16
24.  Assignment or Subletting............................................................  17
25.  Delays..............................................................................  19
26.  Run With The Land...................................................................  19
27.  Option to Renew.....................................................................  19
28.  Expansion Right.....................................................................  19
29.  Subordination.......................................................................  21
30.  Holdover............................................................................  22
31.  Termination.........................................................................  22
32.  Alternative Dispute Resolution......................................................  22
33.  Environmental.......................................................................  23
34.  Brokers.............................................................................  24
35.  Notices.............................................................................  24
36.  Waiver..............................................................................  24
37.  Amendments..........................................................................  25
38.  Quiet Enjoyment.....................................................................  25
39.  Conveyance by Landlord..............................................................  25
40.  Short Form Lease....................................................................  25
41.  Construction of Language............................................................  25
42.  Marginal Headings...................................................................  26
43.  Entire Agreement....................................................................  26
44.  Severability........................................................................  26
45.  Estoppel Certificate................................................................  26
46.  Signs...............................................................................  26
47.  [omitted]...........................................................................  26
48.  Rules and Regulations...............................................................  27
49.  [omitted]...........................................................................  27
50.  Additional Rent - Operating Expenses and Real Estate Taxes..........................  27
51.  Tenant Expense Waiver...............................................................  30
52.  Compliance With Federal Laws........................................................  30
53.  [omitted]...........................................................................  31
</TABLE>

                                       i
<PAGE>

<TABLE>
<S>                                                                                        <C>
54.  No Party To Be Deemed Drafter.......................................................  31
55.  No Intended Third Party Beneficiary.................................................  31
56.  Confidentiality and Nondisclosure...................................................  31
57.  Year 2000...........................................................................  32
58.  Miscellaneous.......................................................................  32
59.  Tenant's Right to Terminate.........................................................  34

List of Exhibits and Schedules...........................................................  36
</TABLE>

                                      ii
<PAGE>

                                     LEASE

THIS LEASE ("Lease"), made and entered into this __ day of December, 1999,
             -----
between WHMAB REAL ESTATE LIMITED PARTNERSHIP, a Delaware limited partnership,
having an address at c/o Archon Group, L.P., 1275 K Street, N.W., Suite 900,
Washington, D.C. 20005, Attention: Vice President Real Estate, with a copy to
Archon Group, L.P., 600 East Las Colinas Boulevard, Suite 1900, Irving, Texas
75039, Attention: Asset Manager (herein called "Landlord") and MOTOROLA, INC., a
                                                --------
Delaware corporation, having an office at 425 North Martingale Road, Suite 1650,
Schaumburg, Illinois 60173, Attention: CE Real Estate & Development, with a copy
to Motorola, Inc., 20 Cabot Boulevard, Mansfield, Massachusetts 02048-1193,
Attention: CE Real Estate & Development, (herein called "Tenant");
                                                         ------
     1.   Premises.
          --------

     A.   Landlord desires to lease to Tenant, and Tenant desires to lease from
Landlord, the real property located at 1111 Durham Road, South Plainfield, New
Jersey 07080-2305, together with all of the improvements situated thereon,
including, without limitation, the entire building, and related improvements
(hereinafter the "Building"); as used herein, the term "Building" includes the
                  --------                              --------
land described in Exhibit A hereto, which Building Landlord and Tenant agree
                  ---------
consists of 220,115 rentable square feet of office space (the "Office Space")
                                                               ------------
and 16,595 rentable square feet of storage space (the "Storage Space") for all
                                                       -------------
purposes in this Lease as shown on the floor plan, Exhibit A, attached hereto
(the real property and the Building are hereinafter referred to collectively as
the "Premises").
     --------

     B.   Landlord hereby grants to Tenant, during the Term of this Lease or any
extension thereof, the exclusive use for Tenant's employees, invitees, visitors
and agents of the parking areas adjacent to the Building.

     C.   Landlord hereby leases to Tenant the rooftop of the Building for the
installation, operation, and maintenance of radio transmitting and receiving
equipment, microwave, satellite or antennae communication system devices along
with associated other electronic equipment which may be passive and/or active
and mounting structures. Tenant shall notify Landlord prior to making any such
installation, and all such installations shall be supervised by Landlord and
shall be performed in accordance with Section 9; Landlord shall not be paid any
supervision fee for such work, but shall be reimbursed for all reasonable out of
pocket costs incurred by it in connection with the same. Tenant is hereby
granted an easement, for the purpose of running transmission lines, cables,
electrical lines and any other associated equipment from the Premises to the
structures on the rooftop. Tenant, at Tenant's cost, during the term of this
Lease and any extension thereof, shall maintain and repair the above mentioned
equipment on the rooftop as necessary. Upon the expiration or other termination
of this Lease, Tenant shall remove its equipment and cables installed on the
rooftop of the Building or relating to this easement from the rooftop and repair
any damage resulting from its installation and use, reasonable wear and tear
excepted.
<PAGE>

     2.   Term.
          ----

     A.   The term ("Term") of this Lease shall be for a period of ten (10)
                     ----
years, which term shall, subject to the provisions of Section 2.C., commence on
the earlier to occur of (i) the date the Tenant substantially completes its
improvements in the Premises as contemplated by Section 4.B., or (ii) November
1, 2000 (the "Commencement Date"). The Term is subject to extensions pursuant to
              -----------------
agreement of the parties or the options hereinafter set forth.

     B.   The parties currently contemplate that Landlord will deliver the
Premises to Tenant for early occupancy to complete its improvements therein upon
completion of the Landlord's Work; the target date for such occupancy is May 1,
2000 (the "Early Occupancy Date"). Additionally, Landlord will cooperate with
           --------------------
Tenant to allow Tenant to occupy (at Tenant's sole risk and expense) the
Premises during the time that Landlord is performing Landlord's Work, provided
that Landlord, in its reasonable judgment, does not believe that such occupancy
will interfere with the performance of Landlord's Work. If Landlord allows
Tenant to occupy the Premises prior to completion of Landlord's Work, Landlord
may thereafter terminate such right if, in Landlord's reasonable judgment,
Tenant's occupancy of, and work in, the Premises interferes with the performance
of Landlord's Work. Tenant acknowledges that it has been advised that the
Premises are currently occupied by another tenant that is obligated to move out
so as to afford Landlord and Tenant possession of the Premises to perform the
work herein contemplated. If such existing tenant should hold over and delay
Tenant's occupancy of the Premises to a date beyond November 1, 2000, then
Landlord shall pay to Tenant, to the extent Landlord receives the same, the
difference between the base rent payable by such existing tenant under the terms
of its lease and the increased rent payable by such existing tenant by virtue of
such holding over. Landlord shall make such payments to Tenant within 15
business days after receipt thereof, and such payments shall be the sole remedy
available for any failure to deliver possession of the Premises to Tenant by
November 1, 2000. Landlord shall use all commercially reasonable efforts to
enforce the terms of its existing lease to recover such difference between the
base rent payable by the existing tenant and increased rent payable in case of a
holdover, or, in lieu thereof, Landlord may directly pay such difference to such
Tenant hereunder.

     C.   Notwithstanding the provisions of Sections 2.A. and 2.B., if and only
if (i) performance of Landlord's Work takes a period of longer than four (4)
weeks from the time the existing tenant vacates the Premises so as to permit the
Landlord to commence Landlord's Work, (ii) the Commencement Date would occur on
November 1, 2000, and (iii) because of Landlord's Work taking such longer
period, the Tenant has a period of less than six (6) full calendar months from
the Early Occupancy Date to November 1, 2000 in which to complete its work in
the Premises, then notwithstanding the provisions of Sections 2.A. and 2.B., the
Commencement Date shall be deferred on the day by day basis for each day in
excess of four (4) weeks that it takes to substantially complete Landlord's
Work, and the termination date of the Term shall be extended accordingly, but in
the event the new termination date would occur other than on the last day of the
calendar month, said termination date shall be on the last day of that month.

                                       2
<PAGE>

     3.   Base Rent.
          ---------

     Tenant shall pay to Landlord a late charge equal to three percent (3%) of
any installment of monthly Base Rent and any other amount payable under this
Lease that is paid late as liquidated damages to compensate Landlord for costs
and inconveniences of special handling and disruption of cash flow.
Notwithstanding the foregoing, no late charge will be assessed for the first
occurrence of a late payment in any one calendar year.

     A.   Base Rent - Initial Term.
          ------------------------

     During the initial Term of the Lease, Tenant will pay rent to Landlord in
advance and without demand at the office of the Landlord or at such other place
as Landlord from time to time may notify Tenant in writing monthly base rent,
(hereinafter "Base Rent") payable on the first day of each calendar month
              ---------
pursuant to the following schedule:

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------
                              Annual Base
                               Rent Rate -       Annual Base Rent        Aggregate Monthly
  Lease Year    Months        Office Space     Rate - Storage Space          Base Rent
---------------------------------------------------------------------------------------------
<S>             <C>           <C>              <C>                       <C>
1-5              1-60         $14.50 / RSF        $8.00 / RSF             $277,035.62
---------------------------------------------------------------------------------------------
6-10             61-120       $15.50 / RSF        $8.80 / RSF             $296,484.88
---------------------------------------------------------------------------------------------
</TABLE>

with appropriate proration of Base Rent if the initial Term or any portion of
the Term hereof should commence on a date other than the first day of a calendar
month.

     During the period (if any) between the Early Occupancy Date and the
Commencement Date, Tenant shall have the right to occupy the Premises and such
occupancy shall be subject to all of the provisions of this Lease; provided,
however, Tenant shall have no obligation to pay Base Rent or Additional Rent
during such period, but Tenant shall pay the cost of all utility services used
by it during such period. Said early possession shall not advance the
termination date of this Lease.

     For purposes of this Lease, the term "Lease Year" means the one year period
                                           ----------
beginning on the Commencement Date and ending 364 days thereafter and the
anniversary thereof each year.

     The parties stipulate that the aggregate monthly Base Rent set forth above
is payable in all events notwithstanding the actual rentable square feet
contained in either the Office Space or the Storage Space, the parties having
agreed that such areas are stipulated for all purposes of this Lease.

     B.   Base Rent - First and Second Renewal Term.
          -----------------------------------------

     In the event Tenant exercises its option to extend the term of this
Lease for the First Renewal Term or the Second Renewal Term (defined below),
Tenant will pay Base Rent determined in accordance with Schedule 3.B hereto.

                                       3
<PAGE>

     All the other terms and conditions of this Lease shall apply during the
First Renewal Term and Second Renewal Term.

     C.    Additional Rent.
           ---------------

     In addition to the Base Rent required to be paid by Tenant under this
Section 3, Tenant shall pay to Landlord as additional rent all other amounts
required to be paid by Tenant under Section 50. All amounts payable to Landlord
under this Lease constitute rent and shall be payable without notice, demand,
deduction or offset (unless specifically provided otherwise) to such person and
at such place as Landlord may from time to time designate by written notice to
Tenant.

     4.    Condition of Premises - Commencement Date.
           -----------------------------------------

     A.    Landlord shall diligently proceed to perform the environmental
remediation work described in Exhibit B ("Landlord's Work"). Satisfactory
                                          ---------------
performance of Landlord's Work and provision of the building allowances referred
to in Section 4.C. are Landlord's only obligations with respect to performing
work (or providing funds) in or with respect to the Premises to make the same
ready for occupancy by Tenant.

     With respect to Landlord's Work, the parties agree as follows:

     (i)   Such work shall be commenced as soon as the existing tenant vacates
the Building, and shall be diligently prosecuted by Landlord until completion.
Landlord shall use all reasonable efforts to complete such work as soon as
possible, but shall not be liable in damages or otherwise (except as provided
for in Section 2B and Section 6) for any delay in performing Landlord's Work,
even if the same delays Tenant from taking possession of the Premises on the
scheduled Commencement Date. Landlord shall endeavor to perform such work so as
to minimize inconvenience to Tenant. Landlord shall provide to Tenant a schedule
for Landlord's Work which shall be attached to this Lease as part of Exhibit B.
                                                                     ---------

     (ii)  Upon notice from Landlord, the parties shall inspect the Premises
and prepare a punchlist of any incomplete or unsatisfactory items in Landlord's
Work. If the parties are unable to agree on the resolution of punchlist items,
the matter shall be resolved according to Section 32, and such decision shall be
final and binding upon the parties. All punchlist items for Landlord's Work
shall be diligently completed by Landlord.

     (iii) Landlord represents and agrees that, upon completion as provided
in the schedule for Landlord's Work, the Landlord's Work and the roof and all
structural portions of the Building will be in good repair and condition, and
properly constructed in accordance with all applicable laws, statutes, orders,
ordinances, rules and regulations.

     (iv)  Landlord represents and warrants to Tenant that except as may be
disclosed in the Environmental Reports (as defined in Schedule 33), to the best
of Landlord's actual knowledge (which is limited to the current actual knowledge
of Stephen Abelman) as of the Early Occupancy Date and the Commencement Date,
the Premises or the Building will not contain any

                                       4
<PAGE>

asbestos containing materials, lead paint or products that contain lead or
polychloride biphenyls (PCB's).

     B.   Tenant Improvements.
          -------------------

     With respect to Tenant Improvements, the parties agree as follows:

     (i)   Landlord and Tenant acknowledge and agree that Tenant is hereby
authorized to (1) perform the work with regard to the shell and core of the
Building more particularly described in Exhibit C-1 hereto (the "Base Building
                                                                 -------------
Improvements"), and (2) construct and install at the Premises those improvements
------------
(hereinafter the "Tenant Improvements") described in Exhibit C-2 hereto. Tenant
                  -------------------
shall, at its sole expense (but subject to reimbursement from the Base Building
Allowance, the Architectural Allowance and the Tenant Improvement Allowance
described below), construct the Base Building Improvements and Tenant
Improvements in accordance with Section 4.B.(iii).

     (ii)  Tenant agrees that it will apply for, (and Landlord will join in
any applications, if necessary) for any required building permits, and upon
issuance promptly and diligently pursue construction of the Base Building
Improvements and Tenant Improvements.

     (iii) Prior to commencement of either the Base Building Improvements or
Tenant Improvements, Tenant shall submit to Landlord detailed plans and
specifications therefor. Landlord shall not unreasonably withhold or delay its
approval of such plans and specifications, but may withheld its approval if any
such improvements will adversely affect the Building's structure or its
mechanical, heating, ventilating, air conditioning, electrical, or other
systems. Landlord shall approve or disapprove such plans and specifications
within ten (10) business days after receipt thereof from Tenant; if Landlord
does not respond within such ten (10) business day period it shall be deemed to
have approved the plans and specifications in question. After approval of any
such plans and specifications, Tenant shall construct the Base Building
Improvements and Tenant Improvements in strict compliance therewith, and shall
not make any material alteration from such approved plans and specifications
unless Landlord has approved such alteration. All work performed by Tenant shall
be performed only by licensed contractors and subcontractors reasonably
satisfactory to Landlord and such contractors and subcontractors shall procure
and maintain insurance against such risks, in such amounts, and with such
companies as Landlord may reasonably require for the scope of the specific
contractor's work. Certificates of such insurance must be received by Landlord
before any such work is commenced. All such work shall be performed in a good
and workmanlike manner free from all defects, shall be in compliance with all
applicable laws and legal requirements, and shall be pursued diligently to
completion.

     C.    Tenant Improvement Allowance.
           ----------------------------

     (i)   Landlord has agreed to provide Tenant (1) an allowance (the "Base
                                                                        ----
Building Allowance") of $1,350,000 to help defray the cost of certain of the
------------------
Base Building Improvements, (2) an allowance (the "Tenant Improvement
                                                   ------------------
Allowance") to help defray the cost of constructing the Tenant Improvements in
---------
an amount equal to $25 per rentable square foot of area

                                       5
<PAGE>

contained in the Office Space (aggregate amount $5,502,875.00) and $5 per
rentable square foot of area contained in the Storage Space (aggregate amount
$82,975), and (3) an allowance (the "Architectural Allowance") to help defray
                                     -----------------------
the cost of preparing plans for the Tenant Improvements equal to $2 per rentable
square foot of area in the Office Space (aggregate amount $440,230) and $.75 per
rentable square foot of area in the Storage Space (aggregate amount $12,446.25).
Tenant shall have the right to utilize the Base Building Allowance to pay costs
attributable to construction of the following Base Building Improvements only: a
new Chiller (defined below); new fire protection system; installation of a fire
alarm panel; curb cuts to comply with the Americans with Disabilities Act
("ADA") requirements; installation of two employee side entrance doors;
  ---
restriping of handicap parking spaces, replacing exterior stairs and rails,
reworking entrance doors, interior stair surfaces and rails, rails on interior
ramps, toilet facility updates, drinking fountain changes, fitness center
access, domestic water pump replacement, building modifications necessary to
install the Chiller and any other modifications necessary for ADA compliance
with respect to the exterior of the Premises and replacing elevator controls and
lights as necessary to comply with the ADA. Tenant shall have the right to
utilize the Architectural Allowance to pay all or any portion of the cost
incurred by Tenant in preparing plans and specifications for the Tenant
Improvements. Tenant shall have the right to utilize all or any portion of the
Tenant Improvement Allowance for costs attributable to construction of the
Tenant Improvements, telecommunications, permitting, mechanical and structural
engineering, built-in furniture, moving, and voice and data cabling. If Tenant
does not expend the full amount of the Base Building Allowance, the
Architectural Allowance, or the Tenant Improvement Allowance for such costs,
then Landlord shall have no responsibility for any further amounts in respect
thereof. If and to the extent the Base Building Allowance, the Architectural
Allowance, or the Tenant Improvement Allowance is insufficient to pay the costs
of constructing the Base Building Improvements specified above, preparing the
plans and specifications for the Tenant Improvements, or constructing the Tenant
Improvements, respectively, Tenant shall bear all such excess costs and Landlord
shall have no liability therefor.

     (ii) The Base Building Allowance, the Architectural Allowance, and the
Tenant Improvement Allowance will be paid at Tenant's option, either to Tenant
or to Tenant's contractors on a monthly basis upon satisfaction of the following
requirements: (i) Landlord has received Tenant's direction to make such
disbursements, together with Tenant's certification that the amounts requested
have been expended in accordance with the provisions hereof for the
above-specified Base Building Improvements, Tenant Improvements, or the plans
and specifications therefor, as applicable, at least ten (10) business days
prior to the date such sums are due to Tenant or Tenant's contractors, and (ii)
Tenant has delivered to Landlord such sworn statements, affidavits and lien
waivers from major contractors, subcontractors and material suppliers as
Landlord may reasonably require. Landlord shall pay to Tenant or to Tenant's
contractors the installment of the allowance in question within ten (10)
business days after the request therefor in writing to Landlord and the full
satisfaction of the above stated requirements, or Landlord shall be in default
of this Lease and Tenant shall have the right (after having given Landlord a
further ten (10) business days' notice to Landlord of its failure to make the
payment in question) to deduct or setoff the amount of the Tenant Improvement
Allowance, the Base Building Allowance and/or the Architectural Allowance from
any Base Rent or Additional Rent to become due to Landlord until the unpaid
allowances are fully recovered by Tenant.

                                       6
<PAGE>

     (iii) Subject to Landlord's rights under Section 4.B.(iii), Tenant shall
have the right to use contractors and subcontractors of its own selection.
Tenant reserves the right to reject any and all proposals and to award the work
in its sole discretion as it deems fit.

     (iv)  Landlord shall be paid a construction supervision fee of 2% of the
amount of the Tenant Improvement Allowance in connection with supervision of
construction of the Tenant Improvements. No construction supervision fee shall
be paid in connection with the Base Building Allowance or the Architectural
Allowance. Such construction supervision fee shall be paid monthly as draws are
made in respect of the Tenant Improvement Allowance based on the amount so
drawn. Tenant will not be charged for the use of elevators, hoists, security
costs, or access to loading docks during construction of Tenant Improvements or
in connection with Tenant's move into the Premises. Landlord shall have no
obligation to provide security in conjunction with the construction of the
Tenant Improvements, and Tenant shall be responsible therefor.

     5.   Use.
          ---

     Tenant shall have the right to use the Premises for any lawful purpose
permitted by applicable zoning ordinances. Tenant in its use and occupancy of
the Premises shall not commit waste, nor overload the floors or structure, nor
subject the Premises to any use which would tend to damage any portion thereof,
provided such tendency to cause damage is reasonably foreseeable.

     6.   Occupancy.
          ---------

     If Landlord, for any reason, cannot deliver the Premises in condition for
occupancy by Tenant to conduct its business therein on the Commencement Date
specified in Section 2 of this Lease, then as the sole remedy therefor, rent
shall abate for the period between said Commencement Date and the time when
Landlord can deliver such possession, and Landlord shall pay Tenant those
amounts (if any) as provided for in Section 2.B.

     7.   Compliance.
          ----------

     Tenant shall, during the Term of this Lease conform the use Tenant makes of
the Premises to all applicable laws, statutes, orders, ordinances, rules and
regulations of all federal, state or political subdivisions having jurisdiction
over the Premises, now in force or that may be enacted hereafter, provided that
the provisions of this Section 7 shall not require the Tenant to rebuild, repair
or alter the Premises and/or the improvements forming a part of the Premises to
make said Premises and/or improvements comply with any such laws, statutes,
orders, ordinances, rules or regulations.

     8.   No Waste or Damage.
          ------------------

     Tenant shall not commit any waste upon or do any damage to the Premises.
Tenant shall not use or permit the use of the Premises for any unlawful purpose.
Tenant shall not permit any rubbish, refuse or garbage to accumulate or create a
fire hazard in or about the Premises. In

                                       7
<PAGE>

connection with its occupancy of the Premises, Tenant shall not use the Premises
in violation of any laws, ordinances, regulations or orders of any duly
constituted authorities of the city, county, state and federal government.

     9.   Changes, Alterations and Additions.
          ----------------------------------

     No material changes, alterations or additions shall be made to the Premises
by Tenant without the prior approval of Landlord, which approval shall not be
unreasonably withheld. For purposes of this Section 9, a "material" change,
                                                          --------
alteration or addition shall be a change that requires the expenditure of a sum
in excess of One Hundred Thousand and 00/100 Dollars ($100,000.00). Prior to
making any such changes, alterations or additions, Tenant shall submit written
plans and drawings respecting same to Landlord and Landlord shall approve or
disapprove same within fifteen (15) business days after receipt thereof, and if
Landlord fails to disapprove such plans and drawings by notice in writing to
Tenant within such time, they shall be deemed approved. All changes, alterations
and additions shall comply with the applicable City, County and State laws,
statutes, orders, ordinances, rules and regulations. Landlord agrees, if
necessary, to join in any applications to governmental authorities for such
permits as may be required to do the work contemplated in this Section 9. Any
permanent additions to or alterations of the Premises which cannot be removed
without material damage to the Premises, except removable paneling and wall
fixtures and furniture and trade fixtures (and further excluding all signs, and
goods and materials used in the Tenant's business) shall become a part of the
realty and belong to Landlord unless otherwise agreed by Landlord and Tenant;
Landlord may condition its approval of any material change, alteration, or
addition to the Premises upon Tenant's agreeing to remove any such item from the
Premises upon expiration or termination of the Term. Tenant's removable paneling
and wall fixtures and furniture, trade fixtures, signs, goods and materials used
in Tenant's business shall at all times remain personal property and may be
removed from time to time by Tenant or other occupants of the Premises,
provided, however, that Tenant shall be responsible for the cost of repair of
any physical injury to the Premises caused by the removal of any such property,
but not for any diminution in value of the Premises caused by the absence of the
property removed or by any necessity for replacing such property.

     10.  Ingress and Egress.
          ------------------

     The Landlord grants to Tenant the nonexclusive right to ingress and egress
to the Premises over (a) the existing streets and highways adjoining the
Premises and (b) any and all portions of the property and the Building of which
the Premises are a part. Tenant shall have full and unimpaired access to the
Premises at all times except as provided in Sections 12, 16 and 17. The Landlord
will not interrupt or disturb any entrances, and will use all reasonable means
to prevent any interruption, disturbance or deprivation by any third party.

     11.  Abandonment.
          -----------

     Tenant shall endeavor to continuously occupy the Premises and not vacate or
abandon the Premises at any time during said lease Term or any extension thereof
for more than thirty (30) consecutive days unless required to do so by duly
authorized legal authority or other cause

                                       8
<PAGE>

beyond Tenant's reasonable control. Notwithstanding the foregoing, in the event
Tenant fails to occupy the Premises for period of thirty (30) consecutive days
or longer but is still making rent payments to Landlord as required under this
Lease, Tenant's failure to occupy the Premises shall not be deemed to be an
abandonment or vacation of the Premises or a default under the Lease.

     12.  Repairs.
          -------

     A.   Landlord's Obligation. This Lease is intended to be a modified net
          ---------------------
lease; accordingly, Landlord's maintenance obligations under this Lease are
limited solely to the following items and the items in Section 12.C. Landlord,
at Landlord's cost, during the Term of this Lease and any extension thereof,
shall make all necessary repairs and replacements to (1) the roof (Landlord
shall be responsible for an annual inspection and maintenance, as necessary, of
the roof) and all structural portions of the Premises, including structural
members of the exterior walls and foundation piers (the "Building Structure")
                                                         ------------------
and (2) the driveways serving the Building to the extent that such repairs are
caused by acts of God and are of such a material nature that such repairs would
capitalized under generally accepted accounting principles, in each case except
for damage caused by Tenant or its contractors, invitees, or agents (each a
"Tenant Party"). In addition, at Landlord's cost, Landlord shall make all
 ------------
repairs to the interior of the Premises which may be of a structural nature or
which are caused by structural failures or movement, or repairs to the interior
of the Premises made necessary by leakage of the roof; provided however, that
(1) Landlord shall not be obligated to make repairs for any damage caused by a
Tenant Party and (2) Landlord shall not be responsible for any work under this
Section 12 until Landlord has been provided a reasonable time to perform such
work after Tenant delivers to Landlord written notice of the need therefor. The
Building's Structure shall not include windows, glass or plate glass, doors,
special store fronts or office entries, all of which shall be maintained by
Tenant.

     B.   Tenant's Obligations. Tenant, during the Term of this Lease and any
          --------------------
extension thereof, agrees to keep in good order and repair all areas of the
Building and the related landscaping (except for maintenance work which Landlord
is expressly responsible for under Sections 12.A. and 12.C.). Tenant shall also
provide maintenance for the plumbing and light fixtures and shall replace any
glass which may be damaged or broken with glass of the same quality. Tenant
agrees to surrender the Premises in good order and repair, reasonable wear and
tear and ordinary deterioration (taking Tenant's maintenance and repair
obligations as set forth under this Lease into consideration), and loss, damage
or destruction from any cause and/or the taking of, damage to, or reduction of
the size of, the Premises by eminent domain, all excepted.

     C.   Chiller. Tenant acknowledges that Landlord is providing, as part of
          -------
the Base Building Allowance, an allowance to Tenant to enable Tenant to purchase
and install a new chiller for the heating, ventilation and air-conditioning
system within the Premises (the "Chiller"). Prior to purchasing the Chiller,
                                 -------
Tenant shall submit Tenant's selection of such Chiller for Landlord's prior
approval, which approval shall not be unreasonably withheld or delayed so long
as the proposed Chiller is reasonably suited for the Building (including the
capacity thereof), is made by a manufacturer reasonably acceptable to Landlord,
and has: (i) as to the Chiller itself, at least one (1) year and (ii) as to the
compressor component, a five (5) year parts and labor warranty naming Landlord
as the owner thereunder. During the Term of this

                                       9
<PAGE>

Lease and any extension thereof, Tenant at its expense, shall provide proper,
periodic and normal maintenance and inspection for such heating and air
conditioning equipment so as to keep Chiller in good repair and condition and in
accordance with law and with the Chiller manufacturers' suggested
operation/maintenance program. Within thirty (30) days after the Commencement
Date, Tenant shall enter into a regularly scheduled preventative
maintenance/service contract for the Chiller, in compliance with Landlord's
specifications and otherwise in form and substance and with a contractor
reasonably acceptable to Landlord and the equipment manufacturer, and deliver a
copy thereof to Landlord. At least thirty days before the end of the Term,
Tenant shall deliver to Landlord a certificate from an engineer reasonably
acceptable to Landlord certifying that the Chiller is then in good repair and
working order. If the Chiller requires repairs or replacement of parts, or both,
of a major or substantial nature (i.e., in excess of proper, periodic and normal
maintenance and inspection), these repairs or replacements, or both, shall be
made by Landlord at its expense, unless (1) Tenant's misuse or abuse of the same
necessitates the repair or replacement, or both or (2) Tenant fails to keep the
Chiller within the suggested operations/service program of the equipment
manufacturer in question or otherwise allows the manufacturer's warranty to
expire or lapse. Tenant shall transfer to Landlord all warranties received from
the manufacturers, dealers and/or installers of such Chiller.

        13.    [omitted]

        14.    Utilities and Services.
               ----------------------

        Tenant shall pay for all water, heat, gas, fuel, electricity, telephone
service and all other services in the nature of utility services supplied to the
Premises for use by Tenant as well as services supplied to Tenant in the
operation of its business, together with any taxes thereon.

        15.    Inspection.
               ----------

        Tenant will allow Landlord access to the Premises at reasonable times
during normal working hours for the purpose of examining or exhibiting the same
or making repairs Landlord is required to make, subject to Section 56. Unless
Tenant has given notice to Landlord to extend the Term of this Lease, Landlord
may place on the Premises at any time within one hundred eighty (180) days prior
to the expiration of the lease Term or any extension thereof, if extended,
notices of "For Sale", or "For Rent".
            --------       --------

        16.    Damage or Destruction of Premises.
               ---------------------------------

        A.     In the event of minor damage (less than fifty percent (50%) to
the Premises by fire or any other cause which renders the Premises untenable in
part but Tenant is able in its sole judgment to conduct its business therein,
and Tenant continues to occupy them in part, the rent shall be apportioned and
reduced from the date the damage occurs in the proportion that the unoccupied
portion of the Premises bears to the entire Premises until the damage has been
repaired.

                                      10
<PAGE>

        B.     In the event of substantial damage (fifty percent (50%) or more)
(including destruction) to the Premises by fire or any other cause which renders
the Premises untenable in whole or in such part that it is impracticable for
Tenant to conduct its business therein, the rent shall wholly abate and be
apportioned from the date the damage occurs until the damage has been repaired.

        C.     In the event of either minor or substantial damage, unless this
Lease is terminated as provided in Section 16.D., Landlord shall commence within
a reasonable time after such damage has occurred to repair the Premises to the
condition in which they were immediately prior to such damage, and Landlord
shall complete such repair with due diligence. In the event of any damage to the
Premises Landlord shall, within sixty (60) days after the date such damage
occurs, deliver to Tenant a good faith estimate of the time needed to repair
such damage. If a material portion of the Premises are so damaged that Tenant is
prevented from conducting its business therein in a manner reasonably comparable
to that conducted immediately before such damage, and Landlord estimates that
the damage cannot be repaired within 270 days after the date of the occurrence,
then Tenant may terminate this Lease pursuant to Section 6.D.

        D.     If (i) the Premises are damaged at any time during the last
twelve (12) months of the initial lease Term or at any time during the last
twelve (12) months of any extension term by fire or any other cause to the
extent of fifty percent (50%) or more of the replacement value thereof as of the
date such damage occurs or (ii) any mortgagee holding a lien against the
Building requires that the applicable insurance proceeds be applied to its
indebtedness rather than to restoration of the Premises or (iii) if the Premises
are damaged, Tenant is unable to reasonably occupy the same and Landlord
estimates that the time to repair the damage will exceed 270 days, all as
provided in Section 16.C., then this Lease, except as provided in Section 16.E.,
may be terminated at the election of either Landlord (in the case of clauses (i)
and (ii)) or Tenant (in the cases of clauses (i) and (iii)) by giving notice in
writing of such election to the other party within thirty (30) days from the
later of the date the damage occurs or the date that Landlord's mortgagee
notifies it that it will so apply insurance proceeds to its indebtedness (as to
clauses (i) and (ii)), or within thirty (30) days after Landlord delivers its
damage repair notice to Tenant (as to clause (iii)). Upon such termination, any
unearned rent or other payments paid in advance beyond the date of damage shall
immediately be refunded to Tenant.

        E.     If Landlord elects to terminate this Lease under Section
16.D.(i), Tenant may by written notice to Landlord exercise any remaining option
to renew under Section 27 within twenty (20) days after receipt of Landlord's
notice of termination, and in such event, Landlord's notice of termination shall
be void, and Landlord shall repair the Premises as herein provided.

        17.    Condemnation.
               ------------

        A.     If the whole or any substantial part (fifty percent (50%) or
more) of the Premises shall be taken or condemned by any competent authority for
any public use or purpose, the Term of this Lease shall end upon, and not
before, the date when the possession of the part so taken shall actually be
required for such use or purpose. Current rent shall thereupon be apportioned as
of the date of such termination.

                                      11
<PAGE>

        B.     If only an insubstantial part (less than fifty percent (50%) of
the Premises shall be taken or condemned, and Tenant is able, in its sole
judgment, to continue to operate its business in the Premises, and such taking
or condemnation does not give Tenant the right to terminate this Lease, this
Lease shall continue in full force and effect, and the rental due thereunder
shall abate proportionately to the extent that Tenant is deprived of usable area
either in the Premises or otherwise, and as of the date of such deprivation. If
Tenant is not able, in its sole judgment, to continue normal business operation,
Tenant may terminate this Lease immediately upon written notice to Landlord. In
the event this Lease is not terminated under this Section 17.B., Landlord shall,
at Landlord's sole cost and expense, but only to the extent any condemnation
award is made available to Landlord therefor, restore the remaining portion of
the Premises to the extent necessary to render them reasonably suitable for the
purposes for which they were leased, and shall make all repairs to the Premises
to the extent necessary to constitute the Premises a complete architectural
unit.

        C.     In any such case, whether this Lease is terminated or not, each
party shall be entitled to claim and receive an award of damages suffered by it
by reason of such taking. Landlord shall be entitled to receive and retain the
entire award or consideration for the affected lands and improvements and Tenant
shall not have or advance any claims against Landlord for the value of its
property or its leasehold estate or the unexpired term of this Lease or for
costs of removal or relocation or business interruption expense or any other
damages arising out of the taking or purchase. Nothing herein shall give
Landlord any interest in, or preclude Tenant from seeking and recovering on its
own account from the condemning authority, any award of compensation
attributable to the taking or purchase of Tenant's chattels or trade fixtures or
attributable to Tenant's relocation expense or loss of goodwill provided that
any such separate claim by Tenant shall not reduce or adversely affect the
amount of Landlord's award. If any such award made or compensation paid to
Tenant specifically includes an award or amount for Landlord, Tenant shall
promptly account therefor to Landlord.

        18.    Landlord's Liability.
               --------------------

        Landlord shall not be liable for damage to property of Tenant in the
Premises or for injury to person unless such damage or injury is caused by (A)
Landlord's failure to make repairs or perform any obligations which Landlord is
obligated to make under this Lease or (B) is caused by the fault or negligence
of Landlord, Landlord's agents, employees, contractors, subcontractors,
invitees, licensees or other authorized representatives. In all events, the
liability of Landlord (and its partners, shareholders, or members) to Tenant or
any person or entity claiming by, through, or under Tenant, for any default by
Landlord under the terms of this Lease or any matter relating to or arising out
of the occupancy or use of the Premises and/or the Building shall be limited to
Tenant's actual direct, but not consequential, damages therefor, and shall be
recoverable only from the interest of Landlord in the Building, and Landlord
(and its partners, shareholders, or members) shall not be personally liable for
any deficiency.

        19.    Default.
               -------

        A.     If any default of either party continues uncorrected for thirty
(30) days (seven (7) days in the case of a default in the payment of rent or
other amount due hereunder) after receipt

                                      12
<PAGE>

of written notice from the other party, stating with particularity the nature
and extent of the default, the party giving such notice may cancel this Lease by
written notice of cancellation; provided, however, that such notice of
cancellation shall not cancel this Lease if within thirty (30) days (seven (7)
days in the case of a default in the payment of rent or other amount due
hereunder) after its receipt the party in default either (i) undertakes to
correct such default or (ii) contests the existence of the default in a court of
competent jurisdiction and complies with the final order of any court in which
the case is tried or the final order of any court to which an appeal is taken
within thirty (30) days after entry of final judgment. No delay or omission of
either party in exercising any right accruing upon any default of the other
party shall impair any such right or be construed to be a waiver thereof, and
every such right may be exercised at any time during the continuance of such
default. A waiver by either of the parties of a breach or a default under any of
the terms and conditions of this Lease by the other party shall not be construed
to be a waiver thereof, and every such right may be exercised at any time during
the continuance of such default. A waiver by either of the parties of a breach
or a default under any of the terms and conditions of this Lease by the other
party shall not be construed to be a waiver of any subsequent breach or default
or of any other term or condition of this Lease. No remedy provided in this
Lease shall be exclusive, but each shall be cumulative with all other remedies
provided in this Lease and at law or equity.

        B.     Should either of the parties at any time fail or omit to do any
act or thing provided under this Lease to be done by such party, then the other
party may, in its sole discretion, itself do or cause to be done such act or
thing after expiration of the applicable grace period and pursue all of its
remedies against the other party. Prior to exercising its rights under this
Section 19.B., the party desiring to do so shall first give the other party an
additional written notice and an additional period of time of not less than
thirty (30) days within which to perform the obligation in question. Further, if
the unperformed obligation in question is of such a nature that it may not be
reasonably performed or cured within a period of thirty (30) days, then so long
as the obligated party commences to take curative action within such thirty (30)
day period and thereafter continues such cure with diligence and continuity,
then the other party shall not be entitled to exercise any rights under this
Section 19.B.

        C.     In the event of a dispute between the parties which requires a
party hereto to seek redress through an action at law or in equity (or to seek
redress through a form of Alternative Dispute Resolution) the losing party shall
pay, upon demand, all of the prevailing party's costs, charges and expenses,
including reasonable attorneys' fees, incurred by such prevailing party in
connection with the resolution of such dispute; provided, however, attorneys'
fees shall be due and payable only if the prevailing party is required to file
suit due to default by the losing party. For purposes of this Section, the term
"losing party" shall mean the party which obtains substantially less relief than
 ------------
originally sought by such party in the legal or equitable action (or Alternative
Dispute Resolution forum) and the term "prevailing party" shall mean the party
                                        ----------------
which obtained substantially the relief sought by such party in the legal or
equitable action (or Alternative Dispute Resolution forum).

                                      13
<PAGE>

        20.    Bankruptcy.
               ----------

        In the event the estate created hereby shall be taken in execution or by
other process of law, or if Tenant shall be adjudicated insolvent or bankrupt
pursuant to the provisions of any state or federal insolvency or bankruptcy law,
or if a receiver or trustee of the property of Tenant shall be appointed by
reason of Tenant's insolvency or inability to pay its debts, or if any
assignment shall be made of Tenant's property for the benefit of creditors, then
and in any of such events, Landlord may terminate this Lease by written notice
to Tenant; provided, however, if the order of the court creating any of such
disabilities shall not be final by reason of pendency of such proceeding, or
appeal from such order, then Landlord shall not have the right to terminate this
Lease so long as Tenant performs its obligations hereunder.

        21.    Insurance; Waivers; Subrogation; Indemnity.
               ------------------------------------------

        A.     Tenant's Insurance. Tenant shall maintain throughout the Term the
               ------------------
following insurance policies: (1) commercial general liability insurance in
amounts of $3,000,000 per occurrence or, following the expiration of the initial
Term, such other amounts as Landlord may from time to time reasonably require,
insuring Tenant, Landlord, Landlord's agents and Landlord's partners against all
liability for injury to or death of a person or persons or damage to property
arising from the use and occupancy of the Premises, (2) insurance covering the
full value of Tenant's property and improvements, and other property (including
property of others) in the Premises, (3) contractual liability insurance
sufficient to cover Tenant's indemnity obligations hereunder (but only if such
contractual liability insurance is not already included in Tenant's commercial
general liability insurance policy), (4) worker's compensation insurance, and
(5) business interruption insurance. Tenant's insurance shall provide primary
coverage to Landlord when any policy issued to Landlord provides duplicate or
similar coverage, and in such circumstance Landlord's policy will be excess over
Tenant's policy. Tenant shall furnish to Landlord certificates of such insurance
and such other evidence satisfactory to Landlord of the maintenance of all
insurance coverages required hereunder, and Tenant shall obtain a written
obligation on the part of each insurance company to notify Landlord at least 30
days before cancellation or a material change of any such insurance policies.
All such insurance policies shall be in form, and issued by companies,
reasonably satisfactory to Landlord.

        B.     Landlord's Insurance. Throughout the Term of this Lease, Landlord
               --------------------
shall maintain, as a minimum, the following insurance policies: (1) fire and
extended risk insurance for the Building's replacement value and (2) commercial
general liability insurance in an amount of not less than $3,000,000. The cost
of all insurance carried by Landlord with respect to the Building shall be
included in Operating Costs.

        C.     No Subrogation. Landlord and Tenant each waives any claim it
               --------------
might have against the other for any injury to or death of any person or persons
or damage to or theft, destruction, loss, or loss of use of any property (a
"Loss"), to the extent the same is insured against under any insurance policy
 ----
that covers the Building, the Premises, Landlord's or Tenant's fixtures,
personal property, leasehold improvements, or business, or, in the case of
Tenant's waiver, is required to be insured against under the terms hereof,
regardless of whether the negligence of the other party caused such Loss. Each
party shall cause its insurance carrier to endorse all

                                      14
<PAGE>

applicable policies waiving the carrier's rights of recovery under subrogation
or otherwise against the other party.

        D.     Indemnity.  Subject to Section 21.C., Tenant shall defend,
               ---------
indemnify, and hold harmless Landlord and its representatives and agents from
and against all claims, demands, liabilities, causes of action, suits,
judgments, damages, and expenses (including reasonable attorneys' fees) arising
from (1) any Loss arising from any occurrence on the Premises, or (2) Tenant's
failure to perform its obligations under this Lease, even though caused or
alleged to be caused by the negligence or fault of Landlord or its agents (other
than a Loss arising from the sole or gross negligence of Landlord or its
agents), This indemnity is intended to indemnify Landlord and its agents against
the consequences of their own negligence or fault as provided above when
Landlord or its agents are jointly, comparatively, contributively, or
concurrently negligent with Tenant. Subject to Section 21.C., Landlord shall
defend, indemnify, and hold harmless Tenant and its agents from and against all
claims, demands, liabilities, causes of action, suits, judgments, and expenses
(including reasonable attorneys' fees) for any Loss arising from any occurrence
in the Building's common areas, even though caused or alleged to be caused by
the negligence or fault of Tenant or its agents (other than a Loss arising from
the sole or gross negligence of Tenant or its agents). This indemnity is
intended to indemnify Tenant and its agents against the consequences of their
own negligence or fault as provided above when Tenant or its agents are jointly,
comparatively, contributively, or concurrently negligent with Landlord. The
indemnities set forth in this Section 21.D. shall survive termination or
expiration of this Lease and shall not terminate or be waived, diminished or
affected in any manner by any abatement or apportionment of Rent under any
provision of this Lease. If any proceeding is filed for which indemnity is
required hereunder, the indemnifying party agrees, upon request therefor, to
defend the indemnified party in such proceeding at its sole cost utilizing
counsel satisfactory to the indemnified party.

        22.    Tenant's Self-Insurance.
               -----------------------

        Tenant may provide self-insurance in lieu of the insurance required in
Section 21.A., whether by the establishment of an insurance fund or reserve to
be held and applied to make good losses from casualties, or otherwise, which
conforms to the practice of large corporations maintaining systems of
self-insurance. As a condition to establishing a self-insurance plan in lieu of
the insurance provided in Section 21.A., Tenant shall deliver to Landlord the
following (collectively, the "Self-Insurance Documents"): (1) a certificate of
                              ------------------------
an independent actuary or other independent, qualified person reasonably
acceptable to Landlord stating that the self-insurance plan is adequate to
provide the protection of the insurance policies described in Section 21.A.; (2)
a balance sheet as of the end of the most recent quarter of the then-current
fiscal year of Tenant (or, if the first quarter in such fiscal year has not
expired, the last quarter of the previous fiscal year), prepared by a national
firm of certified public accountants (reasonably acceptable to Landlord) in
accordance with generally accepted accounting principles consistently applied
("GAAP"), accompanied by such accounting firm's opinion that the Tangible Net
  ----
Worth of Tenant exceeds $100,000,000; and (3) a letter (a "Compliance Letter")
                                                           -----------------
certifying that, to Tenant's best knowledge, such information is true and
correct in all material respects as of the date stated, there has been no
material adverse change in the financial condition of Tenant since such date,
and there are no lawsuits pending (individually or in the aggregate) which, if

                                      15
<PAGE>

adversely decided, could reasonably be expected to have a material adverse
effect on Tenant's financial condition. Thereafter, Tenant shall deliver to
Landlord as soon as available (and in any event within 60 days) after the end of
each fiscal year, a balance sheet for such fiscal year, prepared by a national
firm of certified public accountants (reasonably acceptable to Landlord) in
accordance with GAAP, accompanied by such accounting firm's unqualified opinion
that the Tangible Net Worth of Tenant exceeds $100,000,000, together with a
Compliance Letter. If at any time Tenant's Tangible Net Worth is less than
$100,000,000 or if the contents of the Compliance Letter is not reasonably
satisfactory to Landlord, then Tenant shall be required to immediately obtain
and maintain the insurance provided for in Section 21.A. If Tenant self-insures
any of the risks to which coverage is required under Section 21.A., Tenant's
self-insurance program shall be amended to include the waivers of subrogation
and the additional insured status mentioned above in favor of Landlord and its
agents and partners. Furthermore, (a) the self-insurance protection shall be
equivalent to the coverage required above and Tenant shall not be relieved from
the indemnification obligations of this Lease, and (b) the Self-Insurance
Documents shall indicate the additional insured status mentioned above as well
as the waivers of subrogation, and shall state that Landlord will be notified in
writing 30 days prior to cancellation or material change of such self-insurance
program. If Tenant fails to comply with the requirements relating to self-
insurance and insurance, Landlord may obtain such insurance and Tenant shall pay
to Landlord immediately on demand the premium cost thereof. It is expressly
understood that the self-insurance permitted above does not relieve Tenant of
its statutory obligations under the New Jersey Workers' Compensation Act. If
Tenant self-insures under this Section 22 and is obligated to defend Landlord
under any provision of this Lease, Landlord shall have the right to engage
special counsel for its defense at Tenant's expense, and Tenant shall pay, as
incurred from time to time, Landlord's reasonable attorneys' fees and expenses
(including, without limitation, expert witness fees) relating to Landlord's
defense. As used herein, "Tangible Net Worth" means the excess of total assets
                          ------------------
over total liabilities (in each case, determined in accordance with GAAP)
excluding from the determination of total assets all assets which would be
classified as tangible assets under GAAP, including, without limitation,
goodwill, licenses, patents, trademarks, trade names, copyrights, and
franchises.

        23.    Mechanic's Liens.
               ----------------

        The Tenant will not permit any mechanic's or materialmen's or other
liens to stand against the Premises for any labor or material furnished the
Tenant in connection with work of any character performed on said Premises by or
at the direction of the Tenant; and the Landlord will not permit any such liens
for work or material furnished the Landlord to stand against such Premises.
However, the Landlord and the Tenant shall respectively have the right to
contest the validity or amount of any such lien, but upon the final
determination of such questions shall immediately pay any adverse judgment
rendered with all proper costs and charges and shall have the lien released at
the contestant's own expense. If Landlord or Tenant desires to contest any such
lien, then prior to commencing such contest it will furnish the other party with
a bond, if requested, to secure the payment of such obligation.

                                      16
<PAGE>

        24.    Assignment or Subletting.
               ------------------------

        A.     Transfers. Except as provided in Section 24.G., Tenant shall not,
               ---------
without the prior written consent of Landlord, (1) assign, transfer, or encumber
this Lease or any estate or interest herein, whether directly or by operation of
law, (2) permit any other entity to become Tenant hereunder by merger,
consolidation, or other reorganization, (3) if Tenant is an entity other than a
corporation whose stock is publicly traded, permit the transfer of an ownership
interest in Tenant so as to result in a change in the current control of Tenant,
(4) sublet any portion of the Premises, (5) grant any license, concession, or
other right of occupancy of any portion of the Premises, or (6) permit the use
of the Premises by any parties other than Tenant (any of the events listed in
Section 24.A.(1) through 24.A.(6) being a "Transfer").
                                           --------

        B.     Consent Standards. Landlord shall not unreasonably withhold its
               -----------------
consent to any assignment or subletting of the Premises, provided that the
proposed transferee (A) is creditworthy, (B) has a good reputation in the
business community, (C) will use the Premises for the use permitted herein, and
(D) is not a governmental entity, or subdivision or agency; otherwise, Landlord
may withhold its consent in its sole discretion.

        C.     Request for Consent. If Tenant requests Landlord's consent to a
               -------------------
Transfer, then, at least 15 business days prior to the effective date of the
proposed Transfer, Tenant shall provide Landlord with a written description of
all terms and conditions of the proposed Transfer, copies of the proposed
documentation, and the following information about the proposed transferee: name
and address; reasonably satisfactory information about its business and business
history; its proposed use of the Premises; banking, financial, and other credit
information; and general references sufficient to enable Landlord to determine
the proposed transferee's creditworthiness and character. Concurrently with
Tenant's notice of any request for consent to a Transfer, Tenant shall pay to
Landlord a fee of $1,000 to defray Landlord's expenses in reviewing such
request.

        D.     Conditions to Consent. If Landlord consents to a proposed
               ---------------------
Transfer, then the proposed transferee shall deliver to Landlord a written
agreement whereby it expressly assumes Tenant's obligations hereunder; however,
any transferee of less than all of the space in the Premises shall be liable
only for obligations under this Lease that are properly allocable to the space
subject to the Transfer for the period of the Transfer. No Transfer shall
release Tenant from its obligations under this Lease, but rather Tenant and its
transferee shall be jointly and severally liable therefor. Landlord's consent to
any Transfer shall not waive Landlord's rights as to any subsequent Transfers.
If an event of default occurs while the Premises or any part thereof are subject
to a Transfer, then Landlord, in addition to its other remedies, may collect
directly from such transferee all rents becoming due to Tenant and apply such
rents against rent. Tenant authorizes its transferees to make payments of rent
directly to Landlord upon receipt of notice from Landlord to do so following the
occurrence of an event of default hereunder. Tenant shall pay for the cost of
any demising walls or other improvements necessitated by a proposed subletting
or assignment.

        E.     Cancellation. Landlord may, within fifteen (15) days after
               ------------
submission of Tenant's written request for Landlord's consent to (i) an
assignment or (ii) a subletting of 60% or more of the Premises, but not the
subletting of less than 60% of the area of the Premises, cancel this Lease as to
the portion of the Premises proposed to be sublet or assigned as of the date the
proposed

                                      17
<PAGE>

Transfer is to be effective. If Landlord cancels this Lease as to any
portion of the Premises, then this Lease shall cease for such portion of the
Premises and Tenant shall pay to Landlord all Rent accrued through the
cancellation date relating to the portion of the Premises covered by the
proposed Transfer. Thereafter, Landlord may lease the Premises to the
prospective transferee (or to any other person) without liability to Tenant.

        F.     Additional Compensation.  Tenant shall pay to Landlord,
               -----------------------
immediately upon receipt thereof, sixty percent (60%) of any excess of (1) all
rent (or any compensation in lieu of rent) received by Tenant for a Transfer
less the costs reasonably incurred by Tenant with unaffiliated third parties in
connection with such Transfer (i.e., brokerage commissions, tenant finish work,
and the like) over (2) the rent allocable to the portion of the Premises covered
thereby.

        G.     Permitted Transfers.  Notwithstanding Section 24.A., Tenant may
               -------------------
Transfer all or part of its interest in this Lease or all or part of the
Premises (a "Permitted Transfer") to the following types of entities (a
             ------------------
"Permitted Transferee") without the written consent of Landlord:
 --------------------

               (1)  an affiliate of Tenant (being an entity controlling,
        controlled by, or under common control with Tenant);

               (2)  any corporation, limited partnership, limited liability
        partnership, limited liability company or other business entity in which
        or with which Tenant, or its corporate successors or assigns, is merged
        or consolidated, in accordance with applicable statutory provisions
        governing merger and consolidation of business entities, so long as (A)
        Tenant's obligations hereunder are assumed by the entity surviving such
        merger or created by such consolidation; and (B) the Tangible Net Worth
        of the surviving or created entity is not less than the Tangible Net
        Worth of Tenant as of the date hereof; or

               (3)  any corporation, limited partnership, limited liability
        partnership, limited liability company or other business entity
        acquiring all or substantially all of Tenant's assets if such entity's
        Tangible Net Worth after such acquisition is not less than the Tangible
        Net Worth of Tenant as of the date hereof.

Tenant shall promptly notify Landlord of any such Permitted Transfer. Tenant
shall remain liable for the performance of all of the obligations of Tenant
hereunder, or if Tenant no longer exists because of a merger, consolidation, or
acquisition, the surviving or acquiring entity shall expressly assume in writing
the obligations of Tenant hereunder. Additionally, the Permitted Transferee
shall comply with all of the terms and conditions of this Lease. At least 30
days after the effective date of any Permitted Transfer, Tenant agrees to
furnish Landlord with copies of the instrument effecting any of the foregoing
Transfers and documentation establishing Tenant's satisfaction of the
requirements set forth above applicable to any such Transfer. The occurrence of
a Permitted Transfer shall not waive Landlord's rights as to any subsequent
Transfers. "Tangible Net Worth" means the excess of total assets over total
            ------------------
liabilities, in each case as determined in accordance with generally accepted
accounting principles consistently applied ("GAAP"), excluding, however, from
                                             ----
the determination of total assets all assets which would be classified as
intangible assets under GAAP including goodwill, licenses, patents, trademarks,
trade names, copyrights, and

                                      18
<PAGE>

franchises. Any subsequent Transfer by a Permitted Transferee shall be subject
to the terms of this Section 24.

     25.  Delays.
          ------

     In the event that either party hereto shall be delayed or hindered in or
prevented from the performance of any of their or its respective provisions
anywhere herein contained, by reason of (i) the destruction, in whole or in
part, of any building or improvement forming a part of the entire Premises, or
(ii) strikes, or (iii) lockouts, or (iv) labor troubles, or (v) war, whether
declared or undeclared, or (vi) riot, or (vii) Act of God, or (viii) embargoes,
or (ix) delays in transportation, or (x) inability to procure materials and/or
labor, or (xi) failure of power, or (xii) restrictive governmental laws or
regulations, whether valid or not, or (xiii) insurrection, or (xiv) any other
reason other than financial, beyond the reasonable control of such party, and
not the fault of the party so delayed or hindered in or prevented from
performing work or doing acts otherwise required under this Lease, then
performance of such work or doing of such acts shall be excused for the period
of the delay, and the period for the performance of such work or doing such acts
shall be extended for a period equivalent to the period of such delay; provided,
however, that the provisions of this Section 25 shall not operate so as to
excuse or release Tenant from the prompt payment of rent or other sums required
to be paid by Tenant to Landlord or to other payees anywhere hereunder.

     26.  Run With The Land.
          -----------------

     The covenants and conditions herein contained shall be construed as running
with the land, apply to and bind the parties hereto, their respective heirs,
representatives, executors, administrators, successors and assigns of all of the
parties hereto. All parties hereto agree that they shall be jointly and
severally liable hereunder for their respective obligations.

     27.  Option to Renew.
          ---------------

     Tenant is hereby granted two options to renew the Lease as specified in
Schedule 3.B.

     28.  Expansion Right.
          ---------------

     A.   Tenant shall have the right to require that Landlord expand the size
of the Building to add up to an additional 143,000 additional square feet of
rentable area (the "Expansion Space"). Any such expansion shall be subject to
                    ---------------
Landlord's and Tenant's reasonable approval of the site plan, plans and
specifications, and construction budget therefor. The design of any the
Expansion Space shall be such that Landlord can reasonably market the same as
office space for lease to third parties on a multi-tenant basis following
expiration or termination of this Lease. Any such expansion shall be done in
compliance with all applicable local and state laws, including zoning and
building ordinances.

     Tenant's right to exercise its expansion right is subject to (1) Tenant
being in default hereunder at the time Tenant exercises such right; (2) Tenant
then occupying not less than 75% of the rentable square feet of the Premises;
and Tenant not having assigned its rights in the entire

                                      19
<PAGE>

Premises (other than pursuant to a Permitted Transfer); and (3) Tenant's credit
rating then being not less than Baa1 by Moody's Investor Service, Inc.
("Moody's") or BBB+ by Standard & Poor's Rating Group ("S&P"), or their
  -------                                               ---
equivalent.

     B.   If Tenant wishes to exercise its rights under this Section 28, it
shall notify Landlord thereof in writing, and Landlord and Tenant shall
thereafter meet to determine the exact scope of the expansion and to agree upon
a schedule for development of the site plan, plans and specifications, and
construction budget for the Expansion Space, all of which shall be subject to
Landlord and Tenant's reasonable approval. Landlord shall be responsible for
causing preparation of the site plan and plans and specifications and then for
constructing the Expansion Space after approval of such items and the budget. As
a condition to exercise of Tenant's rights hereunder, Tenant agrees to reimburse
Landlord for all cost and expenses incurred by Landlord in preparation of the
site plan, plans and specifications, and construction budget in the event that
the parties are unable to agree upon the exact scope of the project for the
Expansion Space and do not proceed with construction thereof. If the parties do
agree and construction proceeds, such costs shall be included in the total cost
of the Expansion Space for purposes of determining the rent therefor as provided
in Section 28.C.

     C.   If the parties agree to any such expansion, the following shall apply:

     1.   Upon completion of the Expansion Space, the Term shall be extended
          such that it shall end 10 years from the date of occupancy of the
          Expansion Space as to both the initial Premises and the Expansion
          Space;

     2.   Prior to commencement of construction of any such expansion, Landlord
          and Tenant shall agree upon the final site plan, the plans and
          specifications for design thereof, and upon a budget specifying all
          applicable costs of construction.

     3.   The rental for the Expansion Space shall be based upon the total hard
          construction costs and soft costs for constructing the same, all of
          which shall be competitively bid at that time, and which shall include
          construction management fees, legal fees, loan fees, design fees,
          approval fees, and consulting fees (all of which shall not be in
          excess of then comparable market rates therefor), and a reasonable
          allocation of land costs, multiplied by an interest rate equal to the
          then current 10 year treasury rate plus 500 basis points (but not less
          than 10.5% per annum). The rental rate will be set such that it will
          fully amortize all such costs at the aforesaid interest rate over a
          period of 10 years. The total hard and soft costs for constructing the
          Expansion Space shall be subject to an agreed-upon maximum amount,
          which shall be specified in the budget for constructing the Expansion
          Space.

     4.   The Base Rent for the initial Premises for the extended 10 year period
          of the Term shall be at the greater of the Base Rent then payable or
          95% of the then Prevailing Rental Rate, determined as provided in
          Schedule 3.B.

     D.   If Tenant exercises its rights under this Section 28, and the parties
are unable to agree upon the final plans and specifications and construction
budget for the Expansion Space

                                      20
<PAGE>

and for the rental payable in respect thereof, then provided that (i) the
Expansion Space requested by Tenant complies with the provisions of Section
28.A. regarding the space being reasonably marketable in the general office
market to third parties on a multi-tenant basis, and (ii) the proposed design
for the Expansion Space was such that the Construction Costs reasonably
projected therefor were not in excess of those that would be incurred in the
market where the Building is located for construction of a typical Class A
multi-tenant office space for low rise buildings (not in excess of three
stories), and only in such event, Tenant shall have the option to purchase the
Building from Landlord at its Fair Market Value, determined in accordance with
Schedule 28.D. If Tenant has given notice to Landlord that it wishes to exercise
its rights under this Section 28; Landlord and Tenant have not been able to
agree on the plans and specifications and construction budget for the Expansion
Space and the rent payable therefor; and Tenant believes it is entitled to
exercise its rights under this Section 28.D., it shall notify Landlord thereof
in writing. If Landlord disputes Tenant's right to exercise its rights under
this Section 28.D., it shall so notify Tenant within fifteen (15) days after
receipt of Tenant's notice, and the parties shall submit such dispute to
arbitration pursuant to the Commercial Arbitration Rules of the American
Arbitration Association, with the arbitration being held in Washington, D.C. At
such proceeding, the arbitrator be limited solely to determining whether the
conditions precedent to Tenant's right to exercise its purchase option under
this Section 28.D. have occurred. If Landlord agrees that Tenant has the right
to exercise its rights under this Section 28.D., or if it is so determined by an
arbitrator appointed as provided in the preceding sentence, then Landlord and
Tenant shall meet within a further period of fifteen (15) days after such
determination to see if they can agree upon the Fair Market Value of the
Building; at such meeting the then Landlord shall disclose to Tenant the
purchase price it paid for acquisition of the Building (the "Landlord's Purchase
                                                             -------------------
Price"). If they are unable to so agree, then the Fair Market Value shall be
-----
determined in accordance with the provisions of Schedule 28.D. and upon final
determination thereof, Tenant shall be obligated to purchase and Landlord shall
be obligated to sell the Building to Tenant for the greater of (i) such Fair
Market Value, or (ii) the Landlord's Purchase Price. The purchase price shall be
payable in full in cash at closing, and Landlord shall convey the Building to
Tenant free of any liens and subject only to the encumbrances and restrictions
affecting the Building on the date of this Lease and such other encumbrances as
Landlord may hereafter place upon the Building, provided the same do not
materially interfere with the use thereof for the purposes herein contemplated
or materially diminish the value thereof. The closing shall occur within thirty
(30) days after the Fair Market Value is so determined at the offices of
Landlord. At such closing Landlord shall convey the Building to Tenant by
special warranty deed or its equivalent, and Tenant shall pay to Landlord the
purchase price in full in cash. Tenant shall be responsible for obtaining title
insurance in connection with such acquisition.

     29.  Subordination.
          -------------

     This Lease shall be subject and subordinated at all times to the liens of
any mortgages or deeds of trust in any amount or amounts whatsoever now existing
or hereafter encumbering the Premises, without the necessity of having further
instruments executed by Tenant to effect such subordination. Notwithstanding the
foregoing, Tenant covenants and agrees to execute and deliver upon demand, such
further instruments evidencing such subordination of this Lease to such liens of
mortgages or deeds of trust as may be reasonably requested by Landlord. So long

                                      21
<PAGE>

as Tenant shall pay the rent reserved and comply with, abide by and discharge
the terms, conditions, covenants and obligations on its part, to be kept and
performed herein and shall attorn to any successor in title, notwithstanding the
foregoing, the peaceable possession of the Tenant in and to the Premises for the
Term of this Lease, shall not be disturbed, in the event of the foreclosure of
any such mortgage or deed of trust, by the purchaser at such foreclosure sale or
such purchaser's successor in title.

     30.  Holdover.
          --------

     Any holding over after the expiration of the Term of this Lease or any
extension thereof, with the consent of Landlord, shall be construed to be a
tenancy from month-to-month, at one hundred twenty-five percent (125%) of the
base monthly rental as paid during the last month of the initial Term or any
renewal term hereof, and shall otherwise be on the terms and conditions herein
specified so far as applicable.

     31.  Termination.
          -----------

     Tenant shall have the right to terminate this Lease effective at the end of
the seventh full Lease Year of the Term, provided that (i) Tenant shall have
given Landlord not less than 12 months prior written notice of its desire to
terminate this Lease, and (ii) concurrently with the giving of such notice
Tenant shall pay to Landlord one-half of the Termination Fee provided for below,
with the balance being due and payable in full on, and as a precondition to, the
date of effective termination of this Lease. The fee payable by Tenant for its
right of termination (the "Termination Fee") shall be an amount equal to (1) the
                           ---------------
unamortized cost of the Tenant Improvement Allowance, and the Architectural
Allowance, to the extent the same are funded by Landlord, plus all unamortized
leasing commissions paid by Landlord in connection with the execution of this
Lease, plus (2) five months Base Rent at the then effective rate. For the
purposes of clause (1) preceding, the unamortized cost of the enumerated items
shall be the amount required to amortize the sum of such costs over a period of
10 years using an interest rate of 10% per annum.

     32.  Alternative Dispute Resolution.
          ------------------------------

     Landlord and Tenant shall attempt to settle any claim or controversy
arising out of this Lease, other than any failure by Tenant to timely pay Base
Rent, through consultation and negotiation in the spirit of mutual friendship
and cooperation. If such attempts fail, then the dispute shall first be
submitted to a mutually acceptable neutral advisor for mediation, fact-finding
or other form of alternate dispute resolution. Neither of the parties may
unreasonably withhold acceptance of such an advisor, and his or her selection
will be made within 30 days after notice by the other party demanding such
mediation. Cost of such mediation or any other alternate dispute resolution
agreed upon by the parties shall be shared equally by Landlord and Tenant. Any
dispute which cannot be so resolved between the parties within ninety (90) days
of the date of the initial demand by either party for such mediation, shall be
finally determined by the courts. The use of such a procedure shall not be
construed to affect adversely the rights of either party under the doctrines of
laches, waiver or estoppel. Nothing in this Section 32 shall prevent either
party from pursuing judicial proceedings if (a) good faith efforts to resolve a

                                      22
<PAGE>

dispute under these procedures have been unsuccessful or (b) interim resort to a
court is necessary to prevent serious and irreparable injury to a party or to
others.

     33.  Environmental.
          -------------

     For purposes of this paragraph: "Existing Environmental Conditions" shall
                                      ---------------------------------
mean the environmental conditions at the Premises, including the presence of any
Hazardous Materials, as of the commencement of the Term of this Lease including
but not limited to any conditions specifically identified in the reports (the
"Environmental and Structural Reports") listed in Schedule 33 hereto:
 ------------------------------------                      --

     A.   Landlord agrees to indemnify and save harmless Tenant, Tenant's
successors and assigns and Tenant's present and future officers, directors,
employees and agents (collectively "Indemnitees") from and against any and all
                                    -----------
liabilities, penalties, fines, forfeitures, demands, damages, losses, claims,
causes of action, suits, judgments, and costs and expenses incidental thereto
(including cost of defense, settlement, reasonable attorney's fees, reasonable
consultant's fees and reasonable expert fees), which Tenant or any or all of the
Indemnitees may hereafter suffer, incur, be responsible for or disburse as a
result of:

     (1)  any governmental action, order, directive, administrative proceeding
          or ruling;

     (2)  personal or bodily injuries (including death) or damage (including
          loss of use) to any Premises (public or private);

     (3)  cleanup, remediation, investigation or monitoring of any pollution or
          contamination of or adverse effects on human health or the
          environment; or

     (4)  any violation or alleged violation of laws, statutes, ordinances,
          orders, rules or regulations of any governmental entity or agency
          (collectively "Environmental Liabilities")
                         -------------------------

directly or indirectly caused by or arising out of any Existing Environmental
Conditions or Environmental Hazards existing on or about the Premises except to
the extent that any such Environmental Hazard is caused by or arises out of
Tenant's occupancy of the Premises. The term "Environmental Hazards" shall be
                                              ---------------------
defined as hazardous substances, hazardous wastes, pollutants, asbestos,
polychlorinated biphenyls (PCBs), petroleum or other fuels (including crude oil
or any fraction or derivative thereof) and underground storage tanks. The term
"hazardous substances" shall be as defined in the Comprehensive Environmental
 --------------------
Response, Compensation, and Liability Act (42 U.S.C. Section 9601 et seq.)
                                                                  ------
(CERCLA), and any regulations promulgated pursuant thereto. The term "hazardous
                                                                      ---------
wastes" shall be as defined in the Resource Conservation and Recovery Act (42
------
U.S.C. Section 6901 et seq.) (RCRA), and any regulations promulgated pursuant
                    ------
thereto. The term "pollutants" shall be as defined in the Clean Water Act (33
                   ----------
U.S.C. Section 1251 et seq.), and any regulations promulgated pursuant thereto.
                    ------
This provision shall survive termination of the Lease.

                                      23
<PAGE>

     B.   Tenant agrees to indemnify and save harmless Landlord, Landlord's
successors and assigns and Landlord's present and future officers, directors,
employees and agents (collectively "Indemnitees") from and against any and all
                                    -----------
liabilities, penalties, fines, forfeitures, demands, damages, losses, claims,
causes of action, suits, judgments, and costs and expenses incidental thereto
(including cost of defense, settlement, reasonable attorneys' fees, reasonable
consultant fees and reasonable expert fees), which Landlord or any or all of the
Indemnitees may hereafter suffer, incur, be responsible for or disburse as a
result of any Environmental Liabilities directly or indirectly caused by or
arising out of any Environmental Hazards existing on or about the Premises but
only to the extent that any such Environmental Hazards are caused by or arise
out of Tenant's occupancy of the Premises. This provision shall survive
termination of the Lease.

     34.  Brokers.
          -------

     The parties agree that Julien J. Studley, Inc. and C. B. Richard Ellis,
Inc. ("Broker") are the sole brokers who brought about this Lease. Tenant
       ------
represents and warrants that Tenant did not negotiate with respect to the
leasing of the Premises through any other broker and that no other broker was
instrumental in bringing about this lease. Tenant shall indemnify Landlord
against any and all claims of any other brokers with whom Tenant has had any
dealings, and shall hold Landlord harmless from all losses and expenses in
connection therewith, including reasonable legal expenses. Landlord represents
and warrants that Landlord has not dealt with any other real estate broker in
connection with the leasing of the Premises, and Landlord agrees to indemnify
and hold Tenant harmless from all losses and expenses in connection with the
claims of any real estate broker claiming by, under or through Landlord,
including reasonable legal expenses. Landlord shall pay the commission of C. B.
Richard Ellis, Inc. who, in turn, shall pay the commission of Julien J. Studley,
Inc., in each case pursuant to the terms of a separate agreement.

     35.  Notices.
          -------

     All notices, approvals or requests in connection with this Lease shall be
sent by certified mail, or via overnight carrier with delivery charges prepaid
or with delivery not conditioned upon payment of charges, except notices
concerning repairs and replacements which may be given orally or by any other
means which might reasonably be expected to give the other party notice;
provided, however, that no notice other than by certified mail or overnight
carrier shall constitute a notice of default authorizing cancellation of this
Lease. Notices to the Landlord may be addressed to the Landlord at the addresses
set out in the introductory paragraph to this Lease. Notices to the Tenant shall
be addressed to Motorola, Inc., CE Real Estate & Development, 425 N. Martingale
Road, Schaumburg, IL 60173, Attention: Real Estate Manager. Either party may at
any time designate by written notice to the other a change of address.

     36.  Waiver.
          ------

     Failure or delay on the part of Landlord or Tenant to exercise any right,
remedy, power or privilege hereunder shall not operate as a waiver thereof. A
waiver, to be effective, must be in

                                      24
<PAGE>

writing and must be signed by the party making the waiver. A written waiver of a
default shall not operate as a waiver of any other default or of the same type
of default on a future occasion.

     37.  Amendments.
          ----------

     No revision of this Lease shall be valid unless made in writing and signed
by duly authorized representatives of both parties.

     38.  Quiet Enjoyment.
          ---------------

     If Tenant performs the terms of this Lease, Landlord will warrant and
defend Tenant in the quiet and peaceful enjoyment and possession of the Premises
during the Term hereof and any extension without interruption by Landlord or any
person claiming under Landlord.

     39.  Conveyance by Landlord.
          ----------------------

     Landlord covenants that no conveyance, assignment by or other change of
interest of Landlord in the Premises hereby demised, whether recorded or
unrecorded, shall be binding upon Tenant unless and until Tenant shall be
actually notified thereof by certified mail or overnight carrier, and any such
purchaser, assignee or other party in interest agrees to affirm and assume all
of the duties and obligations of the Landlord under this Lease, and in no event
shall such conveyance, assignment or other change of interest affect this Lease
or the renewal option, expansion or termination rights hereunder. If Landlord
assigns its rights under this Lease, then Landlord shall be released from any
further obligations hereunder, provided the assignee assumes Landlord's
obligations hereunder in writing.

     40.  Short Form Lease.
          ----------------

     The parties will at any time at the request of either one, promptly execute
duplicate originals of an instrument, in recordable form, which will constitute
a short form of lease setting forth a description of the Premises, the Term of
this Lease and any other portions hereof, excepting the rental provisions, as
either party may request.

     41.  Construction of Language.
          ------------------------

     The terms Lease, lease agreement or agreement shall be inclusive of each
other, and include renewals, extensions or modifications of the Lease. Words of
any gender used in this Lease shall be held to include any other gender, and
words in the singular shall be held to include the plural and the plural to
include the singular, when the sense requires. Section headings and titles are
not a part of the Lease and shall have no effect upon the construction or
interpretation of any part hereof. References in this Lease to a "Section" shall
                                                                  -------
be references to sections of this Lease unless the context indicates to the
contrary.

                                      25
<PAGE>

     42.  Marginal Headings.
          -----------------

     The headings in this Lease are used only for convenience in finding the
subject matters, and are not to be taken as part of this Lease, or to be used in
determining the intent of the parties.

     43.  Entire Agreement.
          ----------------

     This Lease constitutes the final expression of the agreement of the
parties; it is intended as a complete and exclusive statement of their
agreement, and it supersedes all prior and concurrent promises, representations,
negotiations, discussions and agreements that may have been made with respect to
the subject matter hereof.

     44.  Severability.
          ------------

     If any provision of this Lease, or the application thereof to any person or
circumstance, shall be held invalid or unenforceable by any court of competent
jurisdiction, the remainder of this Lease or the application of such provisions
to persons or circumstances, other than those as to which it is held invalid or
unenforceable, shall not be affected thereby.

     45.  Estoppel Certificate.
          --------------------

     Tenant shall, from time to time upon not less than ten (10) business days'
prior written request by Landlord, deliver to Landlord a statement in writing
stating upon Tenant's knowledge and belief: (a) that this Lease is unmodified
and in full force and effect or, that there have been modifications, that the
Lease as modified is in full force and effect; (b) the dates to which Rent and
other charges have been paid; (c) that Landlord is not in default under any
provision of this Lease or, if in default, a detailed description thereof.
Failure to deliver the certificate within ten (10) days shall be conclusive upon
Tenant, for the benefit of Landlord and its successors, that this Lease is in
full force and effect and has not been modified except as may be represented to
Landlord.

     46.  Signs.
          -----

     Tenant shall not exhibit, inscribe, paint or affix any sign on the exterior
of the Building or the property or in any window of the Premises without
Landlord's prior written consent. Subject to compliance with applicable laws and
restrictive covenants, Tenant shall be entitled to install, at its cost, a sign
on the monument signage, a building top sign and l a tenant identification sign
in front of the building at Tenant's expense. In the event of Tenant's uncured
default as set forth above, Landlord, in addition to its other remedies
available hereunder, may remove such signs without any liability to Tenant and
Tenant shall reimburse Landlord for the cost of such removal immediately upon
demand therefor.

     47.  [omitted]

                                      26
<PAGE>

     48.  Rules and Regulations.
          ---------------------

     Tenant agrees for itself, its employees, agents, clients, customers,
invitees and guests, to comply fully with reasonable rules and regulations and
with such reasonable modifications thereof and additions thereto as Landlord may
make for the Building.

     Tenant shall be responsible for the observance of all of the foregoing
rules and regulations by Tenant's employees, agents, clients, customers,
invitees and guests. Landlord and Tenant agree that Landlord's remedy for
violation of any of the foregoing rules and regulations by Tenant (or any person
or entity under Tenant's authority or control) shall be a payment by Tenant to
Landlord an amount equal to the reasonably substantiated actual damages suffered
or incurred by Landlord on account of such violation.

     49.  [omitted]

     50.  Additional Rent - Operating Expenses and Real Estate Taxes.
          ----------------------------------------------------------

     For purposes of this Section and this Lease, the term "Tenant's Percentage
                                                            -------------------
Share" shall mean 100%. Landlord and Tenant each acknowledge that the Base Rent
-----
specified in Section 3 does not provide for Operating Expenses and Real Estate
Taxes which may hereafter pertain to the Building or the property of which the
Premises are a part. Tenant shall pay as Additional Rent its percentage share of
Real Estate Taxes and Operating Expenses as follows:

     A.   Real Estate Taxes. Tenant shall pay to Landlord, (or directly to the
          -----------------
taxing authority if there is a separate real estate tax bill for the Premises),
Tenant's Percentage Share of the Real Estate Taxes assessed against the
Premises. The additional rent imposed hereby shall be paid by Tenant to Landlord
upon submission by Landlord of a real estate tax bill and an invoice therefor. A
copy of the original receipted tax bill submitted by Landlord to Tenant shall be
sufficient evidence of the amount of taxes assessed against the real property to
which such bill relates. The calculation of Tenant's Percentage Share of Real
Estate Taxes shall be submitted with the above-referenced tax bill. Should the
taxing authorities include in such Real Estate Taxes the value of any
improvements made by Tenant, or include machinery, equipment, fixtures,
inventory or other personal property or assets of Tenant, the Tenant shall also
pay the entire taxes for such items.

     B.   Operating Expenses. Landlord and Tenant acknowledge that this Lease
          ------------------
shall be construed to be a "modified triple net lease" and that except as
                            -------------------------
expressly set forth in Section 12, Landlord shall receive the monthly Base Rent
free and clear of any and all other impositions, taxes, liens, charges or
expenses of any nature whatsoever in connection with the ownership and operation
of the Premises (not the operation of the owning entity itself). In addition to
the Base Rent, except as expressly set forth in Section 12 of this Lease, Tenant
shall pay to the parties respectively entitled thereto all impositions
(including any taxes on rentals paid to Landlord), insurance premiums, operating
charges, maintenance charges, construction costs, and any other charges, costs
and expenses which arise or may be contemplated under any provisions of this
Lease as being Tenant's responsibility and cost, during the Term. The specific
responsibility of

                                      27
<PAGE>

Landlord and Tenant for repairs, replacements and maintenance is more fully
described in Section 12. Tenant shall pay to Landlord, Tenant's Percentage Share
of the Operating Expenses for the Premises. For purposes of this Lease, the term
"Operating Expenses" shall mean those costs reasonably incurred by Landlord in
 ------------------
connection with the ownership, operation, and maintenance of the Building and
Premises, including without limitation: 1) parking lot lighting; 2) landscaping
and lawn care (to the extent performed by Landlord); 3) snow removal (to the
extent performed by Landlord); 4) the insurance provided for in Section 21.B.,
5) a management fee, not to exceed one percent (1%) of Base Rent; 6) wages and
salaries of all employees engaged in operation, maintenance and security of the
Building, including taxes, insurance, and benefits relating thereto; and 7) all
supplies and materials used in the operation, maintenance, repair, replacement
and security of the Building. The additional rent imposed hereby shall be paid
by Tenant to Landlord upon submission by Landlord of a detailed invoice and
backup Landlord shall not bill or charge Tenant for any fees, accounting fee,
audit fees appraisal fees, refinancing costs or any other similar type of fee
other than as listed above.

     Notwithstanding anything to the contrary, the following shall be excluded
from "Operating Expenses":
      ------------------

     A.   Administrative and management salaries, except for personnel working
          exclusively for the Building and/or the property of which the Premises
          are a part.

     B.   Expenses for any capital improvements made to the property or
          Building. For Operating Expense purposes, a capital improvement need
          not add value to the Building, but can prolong the Building's life, or
          a system or component of the Building's life. A capital improvement
          must have a useful life of more than one year's time.

     C.   Expenses for painting, redecorating or other work performed, or
          equipment furnished for any tenant of the Building or the property.

     D.   Expenses for repairs or other work occasioned by fire, windstorm or
          other insurable casualty.

     E.   Expenses incurred in leasing, marketing, advertising, or in procuring
          new tenants.

     F.   Legal expenses incurred in enforcing the terms of any lease.

     G.   Interest or amortization payments of any mortgage on the Premises, the
          Building and/or the property.

     H.   Expenses incurred in refinancing the Building or property.

     I.   Tenant improvement expenses.

     J.   Costs resulting from Landlord's violation of any agreement to which
          Landlord is a party, or of any applicable laws, ordinances, rules,
          regulations or orders.

                                      28
<PAGE>

     K.   Any expenses for which Landlord actually receives payment from
          insurance, condemnation awards, other tenants, or any other source.

     L.   Transfer or recordation taxes and other charges incurred in connection
          with the transfer of the Building.

     M.   Land trust fees.

     N.   Any other permissible costs to the extent they exceed arms-length
          competitive rates.

     O.   Memberships, tuition, seminars and contributions.

     P.   Increases in real estate taxes attributable to the sale or transfer of
          the Building.

     Q.   Costs incurred to remove, remedy, contain or treat any Environmental
          Hazards on, in or about the Premises, the real property or the
          Building (including, without limitation, Environmental Hazards in the
          ground water or soil) to the extent such Environmental Hazards are (1)
          in existence as of the Lease Commencement Date and in violation of
          applicable laws, or (2) introduced into the real property after the
          Lease Commencement Date by Landlord or Landlord's agents, employees or
          tenants (excluding Tenant and its agents and employees) in violation
          of applicable laws in effect as of the date of introduction.

     R.   Costs, fees and expenses associated with the formation and
          administration of the ownership entity constituting Landlord, and of
          its partners and affiliates, such as costs of tax returns, annual
          audits or appraisals.

     If Landlord desires Tenant to pay its proportionate share of Real Estate
Taxes and Operating Expenses on a monthly basis, at the beginning of each
calendar year, Landlord shall supply to Tenant an estimate, certified by an
authorized agent or officer of Landlord, setting forth in detail Landlord's
reasonable estimate of Operating Expenses and Real Estate Taxes for such
calendar year, and Tenant's Percentage Share of same. The additional rent
imposed hereby shall be paid by Tenant to Landlord in monthly installments, in
advance, as the Operating Expenses and Real Estate Taxes component of the total
monthly rent. Each such monthly installment of Operating Expenses and Real
Estate Taxes shall be equal to one-twelfth (1/12) of Tenant's Percentage Share
of the Landlord's reasonable estimate of the Operating Expenses and Real Estate
Taxes for such calendar year. Within ninety (90) days after the end of each
calendar year Landlord shall provide to Tenant a detailed statement, certified
by an authorized agent or officer of Landlord, setting forth in reasonable
detail the actual Operating Expenses and Real Estate Taxes for the preceding
calendar year. Such statement shall also include a calculation or reconciliation
of estimated Operating Expenses and Real Estate Taxes to actual Operating
Expenses and Real Estate Taxes and of any overpayment or underpayment made by
Tenant to Landlord with respect to the Operating Expenses and Real Estate Taxes
for such preceding calendar year. In the event Tenant underpaid Landlord for
Tenant's Percentage Share of

                                      29
<PAGE>

Operating Expenses and Real Estate Taxes for such preceding calendar year,
Tenant shall pay the amount of such underpayment to Landlord within thirty (30)
days of Tenant's receipt of Landlord's certified statement. In the event Tenant
overpaid Landlord for Tenant's Percentage Share of Operating Expenses and Real
Estate Taxes of such year, Landlord shall credit Tenant an amount equal to such
overpayment amount against Tenant's future monthly Operating Expenses and Real
Estate Taxes obligations until such credit is exhausted. (If such overpayment by
Tenant is made in the last year of the Lease Term, Landlord shall remit to
Tenant the amount of the overpayment due hereunder within thirty (30) days of
the expiration or termination date of the Lease.) If a dispute arises between
Landlord and Tenant as to whether any item or items shall be properly included
in such statement, the matter shall be determined in accordance with Section 32
of the Lease, and the determination of such matter as therein provided shall be
final and binding upon Landlord and Tenant.

     Tenant, or its representative shall have the right to examine and to copy
Landlord's books and records showing Operating Expenses and Real Estate Taxes at
Tenant's sole cost and expense. Such examination will be upon reasonable prior
notice to Landlord and during normal business hours at any time within six (6)
months following the furnishing by Landlord to Tenant of Landlord's annual
statement reconciling estimated operating expenses to actual operating expenses.
The books and records that Tenant may examine include, but are not limited to,
accounting records, vendor contracts, payroll records, management agreements and
supporting invoices and detail for all items. If an error is discovered that has
also been made in previous Landlord statements, Tenant may correct that same
error in the previous statements and receive credit therefor. Mathematical
errors or errors in computation may be corrected at any time during the Term of
the Lease. Tenant agrees to keep all information obtained by it pursuant to this
Section 50 confidential in the same manner as is applicable to Landlord pursuant
to Section 56.

     51.  Tenant Expense Waiver.
          ---------------------

     Notwithstanding the provisions of Section 50, it is understood and agreed
that in the event Landlord fails to submit to Tenant an itemized bill for any
amounts which may be due thereunder within one hundred eighty (180) days after
the expiration of the Term of this Lease to which such expenses, charges and/or
escalations are applicable, Tenant shall not be liable for payment of any such
additional expenses, charges and/or escalations, it being expressly agreed by
the parties that Landlord shall be deemed to have waived its right to collect
such expenses, charges and/or escalations from Tenant for such Lease.

     52.  Compliance With Federal Laws.
          ----------------------------

     Tenant conducted a study to determine the status of compliance of the
Building and the Premises with Title 3 of the Americans with Disabilities Act
and the regulations promulgated thereunder (collectively, the "ADA"). A portion
                                                               ---
of the Base Building Work, based upon the studies conducted by Tenant, is
designed to bring the Building into compliance with ADA. As between Landlord and
Tenant, Tenant shall be solely responsible for all costs and expenses associated
with ADA compliance as to the Building and the Premises during the Term. If
hereafter the ADA should be amended to require additional work with respect to
the Building or

                                      30
<PAGE>

the interior of the Premises, then Landlord shall be responsible for all costs
and expenses in connection with bringing the exterior of the Building into
compliance with the ADA (and such expenses shall not be Operating Expenses), and
Tenant shall be responsible for all costs to bring the interior of the Premises
into compliance with the ADA.

     53.  [omitted].
           -------

     54.  No Party To Be Deemed Drafter.
          -----------------------------

     Landlord and Tenant have both had the opportunity to have counsel examine
this Lease and to propose changes to clarify any ambiguities. Accordingly, in
any interpretation of this Lease, an ambiguity shall not be resolved by
interpreting the Lease against the drafter. The language of this Lease shall be
interpreted according to the fair meaning and not for or against either party.

     55.  No Intended Third Party Beneficiary.
          -----------------------------------

     Landlord and Tenant may each, separately, deal with other persons in
connection with the Premises or with other matters that may also relate to or be
the subject of this Lease. Landlord and Tenant do not intend to make any such
third person with whom each of them may deal an intended third party beneficiary
under this Lease. There is no third person who is an intended third party
beneficiary under this Lease. No incidental beneficiary (whatever relationship
such person may have with Landlord or Tenant) shall have any right to bring an
action or suit, or to assert any claim against Landlord or Tenant under this
Lease.

     56.  Confidentiality and Nondisclosure.
          ---------------------------------

     As Landlord and Landlord's agents will have reasonable access rights to the
Premises, Landlord will come into contact with Motorola's business information.
Landlord agrees that any information which it gathers, observes or comes into
contact with pursuant to this Lease about Motorola operations and business
practices, shall be kept confidential and not disclosed to any third party
without the prior written consent of Motorola except as required by law.
Landlord agrees that it will not in any manner use its knowledge of Motorola's
business for the benefit of any other person or company or divulge to others
information or data concerning Motorola's business affairs, including the names
of customers, names of employees, marketing strategies or terms or particulars
of Motorola's business. The Landlord further agrees not to use or disclose to
any party any information, systems, ideas, processes, practices, methods of
operation or manufacture observed at Motorola's Premises. Landlord agrees to
inform all of its representatives or agents that will access the Motorola
Premises of this confidentiality requirement. In addition, anyone who enters the
Motorola Premises must comply with the instructions of Motorola security
personnel on areas of the Premises that require escorted access and sign the
Motorola security logs as visitors. In the event Landlord enters the Premises
during non-business hours or in the event of an emergency, Landlord will notify
Tenant in writing within one (1) business day of its entry and the reason
therefor.

                                      31
<PAGE>

     57.  Year 2000
          ---------

     Landlord agrees that it shall be responsible for correcting any failure of
any system in the Building that is not in use at the Commencement Date, if and
to the extent that such a failure results solely from the change in date from
December 31, 1999 to January 1, 2000. Landlord's obligations under this Section
57 shall not extend to any Building or system that is in use or functioning at
the Commencement Date.

     58.  Miscellaneous.
          -------------

     A.   Conduit Connection. During the Term (and any extensions or renewals
          ------------------
thereof), Tenant shall be permitted to construct, install, maintain and repair
conduit connections to the Premises over, across and through the Premises, the
Building, and the common areas in and to the Building for high speed
telecommunication transmission lines (and technological evolutions thereof) and
fiber optics (individually and collectively, the "Conduit Connection") subject
                                                  ------------------
to compliance with all applicable laws, ordinances, rules and regulations.
Tenant shall advise and consult with Landlord as to the exact locations of such
Conduit Connection at the Building and Landlord agrees to cooperate with Tenant
to facilitate, permit and otherwise obtain such Conduit Connection for the
Premises, provided that Landlord shall not be obligated to incur any expense in
connection therewith. Landlord shall supervise the installation of all Conduit
Connections, and all such installation, maintenance, and repair shall be
performed in accordance with Section 9. Upon termination of this Lease, Tenant
shall be obligated to remove (at its sole cost and risk) any improvements,
utilities, conduits cable or other items of equipment installed or constructed
in connection with such Conduit Connection unless Landlord otherwise agrees at
the time of installation. Tenant shall repair any damage caused by such removal.
Tenant's rights under this Section 58.A. are non-exclusive, and shall not limit
Landlord's rights to make installations in the Building.

     B.   Assumption of Lease Obligations. Landlord agrees to reimburse Tenant
          -------------------------------
for Tenant's current obligation to pay rent (both base rent and additional rent)
in respect of the lease dated January 3, 1996 between Tenant as successor in
interest to the original tenant and MBL Life Assurance Corporation as landlord
for its premises at 330 South Randolphville Road, during the period from
November 1, 2000 through March 31, 2001, provided that (i) Tenant is not in
default under any of its obligations under this Lease during such time period,
(ii) the maximum obligation incurred by Landlord pursuant to this Section 58.B.
is $424,760, and (iii) if the Commencement Date is delayed pursuant to the
provisions of Section 2.C., then the period during which Landlord shall so
reimburse Tenant for its current obligation to pay rent shall be reduced by the
time period of such delay on a day for day basis. In no event shall Landlord's
obligation to reimburse Tenant hereunder commence prior to November 1, 2000,
even if the Commencement Date should occur before such date. Tenant represents
and warrants that the monthly aggregate rental payable under such lease is
$84,952 per month. Landlord shall so reimburse Tenant within ten (10) business
days after receipt of an invoice therefor and a certification from Tenant that
it has paid such amount pursuant to such lease.

     C.   Temporary Space. Landlord shall use all commercially reasonable
          ---------------
efforts to cause the existing tenant of the Building to vacate a portion thereof
so as to make available up to

                                      32
<PAGE>

60,921 rentable square feet for Tenant's temporary usage on or before December
15, 1999. Landlord shall not be liable to Tenant in damages otherwise if it is
unable to obtain the right to use such space. Tenant's occupancy of such
temporary space shall be on all of the terms, provisions, and conditions of this
Lease, except that Base Rent for such period shall be $10.50 per rentable square
foot of area made available, payable monthly in advance.

     D.   Right of First Offer. Provided no event of default on the part of
          --------------------
Tenant exists under this Lease, and provided that Tenant is then occupying at
least 75%of the rentable square feet of the Building, Landlord shall, prior to
offering for sale the Building or any portion thereof to any party, or prior to
accepting any unsolicited offer for the purchase thereof, offer to Tenant the
right to purchase the same under the same terms, conditions, and provisions as
Landlord either proposes to sell the Building or under the same terms,
conditions, and provisions as the unsolicited offer that Landlord proposes to
accept. Landlord shall give Tenant written notice (a "Landlord's Notice") of its
                                                      -----------------
desire to so sell the Building setting forth the complete terms, conditions, and
provisions of any such sale or of any unsolicited offer it has received that it
wishes to accept, including normal and customary allocations closing costs and
the delivery of market title, subject only to approved exceptions. Tenant shall
have a period of 14 calendar days after receipt of Landlord's Notice in which to
elect to acquire the Building under the same terms and conditions as set forth
in Landlord's Notice. If Tenant does not affirmatively exercise such right
within such time period or otherwise fails to notify Landlord of its election
not to exercise its option during such period, Tenant shall be have deemed to
have rejected Landlord's offer and thereafter Landlord shall be free to sell the
Building under the same (or, as to Landlord, more favorable) terms and
conditions as set forth in Landlord's Notice, except that, as provided below,
the purchase price may be reduced to not less than 95% of the purchase price
specified in Landlord's Notice. Upon consummation of any such sale Tenant shall
have no further rights under this Section 58.D., and upon request Tenant shall
execute such documents as Landlord or its transferee may reasonably request to
evidence the termination of Tenant's rights. If, however, Landlord should desire
to sell the Building or to accept an unsolicited offer for the sale of the
Building under terms and conditions that are less favorable to Landlord than
those set forth in the Landlord's Notice, Landlord may not sell the Building
without again re-offering the same to Tenant in the manner herein set forth,
provided that (i) for the purpose of this Section, Landlord may sell or offer to
sell the Building for a purchase price that is not less than 95% of the purchase
price specified in Landlord's Notice without again reoffering the Building to
Tenant, and (ii) if Landlord does not close the sale of the Building to a third
party within 15 months after Tenant has elected not to exercise its right under
this Section, then Landlord may not consummate the sale of the Building without
again reoffering the same to Tenant as provided for in this Section.

     Tenant's rights under this Section 58 shall terminate if this Lease or
Tenant's right to possession of the Premises is terminated, or Tenant assigns
its interest in this Lease or sublets 25% or more of the rentable square feet of
area in the Premises (other than by way of a Permitted Transfer).

     E.   Nitrogen Tanks. Reference is made to the fact that Tenant requires the
          --------------
installation of nitrogen tanks in the Building as part of its Tenant
Improvements for operation of Tenant's business in the Premises. Landlord agrees
to provide local real estate counsel to obtain

                                      33
<PAGE>

necessary local governmental approvals for the nitrogen tanks, but the provision
of such legal counsel shall be limited to the initial request and application to
the appropriate governmental authorities, and Landlord shall not be responsible
for or reimburse Tenant for any costs for appealing any grant or denial of such
approval, or for any costs arising out of any litigation relating to the
obtaining of such approval or the installation of such tanks. Tenant shall pay
all costs associated with engineering services relative to the installation of
such nitrogen tanks in the Building.

     F.   Certain Equipment. Reference is made to the fact that the current
          -----------------
tenant in the Building has equipped the same with a diesel generator and certain
kitchen equipment. If and to the extent such equipment is left in the Building
upon vacancy by the existing tenant, Landlord shall lease such equipment to
Tenant as part of the personal property contained in the Premises.

     G.   Building Roof. Tenant shall be allowed to raise the roof over the
          -------------
garage area of the Building, subject to Landlord's right of reasonable approval
of the specific design and, in general, Tenant's compliance with the provisions
of Section 9.

     59.  Tenant's Right to Terminate.
          ---------------------------

     A.   Notwithstanding anything to the contrary contained herein, this Lease
and all of Tenant's obligations hereunder are conditional and contingent upon
Tenant's receipt of approval of Business Employment Incentive Program Incentives
presently pending with the New Jersey Economic Development Authority ("EDA") and
                                                                       ---
the state of New Jersey (the "State") in amount and form acceptable to Tenant in
                              -----
Tenant's reasonable discretion (the "Governmental Incentives"). If the
                                     -----------------------
Governmental Incentives are not received by February 10, 2000, Tenant may by
written notice to Landlord terminate this Lease as provided in Section 59.C.,
whereupon all obligations and liabilities of both Landlord and Tenant shall be
extinguished, except only that Tenant agrees under such circumstances to
reimburse Landlord promptly for Landlord's "Commensurate Damages" as defined
below. The contingency shall expire and thereafter be of no force or effect on
February 10, 2000.

     B.   As a condition to the effectiveness of Tenant's termination of this
Lease pursuant to Section 59.A., Tenant shall pay the following amounts to
Landlord (such amounts being referred to herein as "Commensurate Damages");
                                                    --------------------

     (1)  Tenant shall reimburse Landlord for all out of pocket costs incurred
by Landlord in connection with the preparation and execution of this Lease,
including without limitation, attorney's fees, design and space planning costs,
inspection costs, and consultant's fees; and

     (2)  Tenant shall also pay to Landlord (i) an amount equal to the
difference between the Base Rent that would have been payable by Tenant
hereunder for the period beginning November 1, 2000 and ending October 31, 2003,
and the actual base rent (i.e., excluding amounts paid by such tenants as
reimbursement for operating and other expenses) received by Landlord from other
tenants to whom space in the Building is hereafter leased by Landlord during
such time period, and (ii) an amount equal to the actual costs incurred by
Landlord in

                                      34
<PAGE>

owning, operating and maintaining the Building, so long as the Building is
vacant, during such time period ("Vacant Operating Costs").
                                  ----------------------

The amounts payable pursuant to Section 59.B(1) shall be paid by Tenant to
Landlord within 15 days after receipt of a statement therefor from Landlord
together with reasonable backup supporting information, such as copies of
invoices. The amounts payable pursuant to Section 59.B.2. shall be paid from
time to time (but not more frequently than monthly) within 15 days after receipt
by Tenant of a statement from Landlord reflecting the amount of Base Rent that
would have accrued for the time period in question, the amount of any base rent
actually received from other tenants of the Building during such period, and the
amount of Vacant Operating Costs for the period in question.

     C.   If Tenant has not acted to terminate this Lease by giving written
notice to Landlord that the Governmental Incentives have not been received by
5:00 p.m. Eastern Standard Time on February 10, 2000, then this Section 59 shall
terminate and be of no further force and effect.

     IN WITNESS WHEREOF, the parties hereto have executed these presents, in
duplicate, the day and year first above-written.

L A N D L O R D                              T E N A N T

WHMAB REAL ESTATE                            MOTOROLA, INC.,
LIMITED PARTNERSHIP                          a Delaware Corporation

By:__________________________________,
        its general partner

By: /s/ Stephen M. Abelman                   By: /s/ Rick Kriva         1/10/00
    ---------------------------------           -------------------------------
    Stephen M. Abelman                                       by cal

Its: Assistant Vice President                Its:   Director - CE Real Estate &
      ------------------------------
                                                    Development

                                      35
<PAGE>

                        LIST OF EXHIBITS AND SCHEDULES

                                   Exhibits
                                   --------

Exhibit A             Floor Plan and Description of Land
Exhibit B             Description of Landlord's Work (Environmental Remediation
                      Work) and Schedule
Exhibit C-1           Description of Base Building Improvements
Exhibit C-2           Description of Tenant Improvements

                                   Schedules
                                   ---------
Schedule 3.B.         Renewal Option
Schedule 28.D.        Determination of Fair Market Value
Schedule 33           List of Environmental Reports

                                      36
<PAGE>

                                   EXHIBIT A

                      Floor Plan and Description of Land
                      ----------------------------------

                              Description of Land

PARCEL I

ALL THAT CERTAIN TRACT, PARCEL AND LOT OF LAND LYING AND BEING SITUATED IN THE
BOROUGH OF SOUTH PLAINFIELD, AND THE TOWNSHIP OF EDISON COUNTY OF MIDDLESEX,
STATE OF NEW JERSEY, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:

BEGINNING IN THE NORTHERLY LINE OF RUNYONS LANE WHERE THE SAME IS INTERSECTED BY
THE SOUTHWESTERLY LINE OF NEW JERSEY STATE HIGHWAY ROUTE 287 AND FROM SAID
BEGINNING POINT RUNNING; THENCE

1.   SOUTH 72 DEGREES 51 MINUTES 16 SECONDS WEST AND ALONG THE AFOREMENTIONED
NORTHERLY LINE OF RUNYONS LANE A DISTANCE OF 237.39 FEET TO A CORNER OF LAND NOW
OR FORMERLY OF L.A. & C.L. KLINGER; THENCE

2.   NORTH 12 DEGREES 21 MINUTES 44 SECONDS WEST AND ALONG THE LINE OF LANDS OF
"KLINGER" AS AFOREMENTIONED A DISTANCE OF 196.02 FEET TO A POINT; THENCE

3.   NORTH 21 DEGREES 20 MINUTES 09 SECONDS WEST AND STILL ALONG A LINE OF LAND
OF "KLINGER" AS AFORESAID A DISTANCE OF 18.27 FEET TO A POINT; THENCE

4.   SOUTH 77 DEGREES 17 MINUTES 56 SECONDS WEST AND STILL ALONG A LINE OF
"KLINGER" AS AFORESAID A DISTANCE OF 223.01 FEET TO A POINT; THENCE

5.   SOUTH 12 DEGREES 45 MINUTES 44 SECONDS EAST AND STILL ALONG ANOTHER LINE OF
"KLINGER" AS AFORESAID A DISTANCE OF 231.51 FEET TO A POINT IN THE
AFOREMENTIONED NORTHERLY LINE OF RUNYONS LANE; THENCE

6.   SOUTH 72 DEGREES 51 MINUTES 16 SECONDS WEST AND ALONG THE NORTHERLY LINE OF
RUNYONS LANE A DISTANCE OF 869.34 FEET TO THE EASTERLY SIDE LINE OF NEW BROOKLYN
ROAD; THENCE

                              Exhibit A - Page 1
<PAGE>

7.     NORTH 17 DEGREES 37 MINUTES 14 SECONDS WEST AND ALONG SAID EASTERLY SIDE
LINE OF NEW BROOKLYN ROAD A DISTANCE OF 700.12 FEET TO A POINT BEING AS CORNER
OF THE PROPERTY DELINEATED ON A MAP ENTITLED "MAP MOUNTAIN VIEW HEIGHTS, THE
PROPERTY OF NUNZIO ROBUSTELLI, ESQ." FILED IN THE CLERK'S OFFICE OF MIDDLESEX
COUNTY SEPTEMBER 18, 1917 AS MAP NUMBERED 863 FILE NUMBERED 350 (HEREINAFTER
REFERRED TO AS THE MAP); THENCE

8.     STILL ALONG THE EASTERLY SIDE LINE OF NEW BROOKLYN ROAD AND THE PROPERTY
DELINEATED ON SAID MAP NORTH 21 DEGREES 08 MINUTES 30 SECONDS WEST A DISTANCE OF
16.62 FEET TO A POINT; THENCE

9.     SOUTH 75 DEGREES 45 MINUTES 30 SECONDS WEST AND ALONG THE NORTHERLY LINE
OF NEW BROOKLYN ROAD AS DELINEATED ON SAID MAP A DISTANCE OF 247.46 FEET TO THE
POINT OF INTERSECTION OF THE EASTERLY SIDE LINE OF LOT NUMBERED 157 AS
DELINEATED ON SAID MAP; THENCE

10.    NORTH 13 DEGREES 43 MINUTES 00 SECONDS WEST ALONG THE EASTERLY SIDE LINES
OF LOTS 157 THROUGH 150 AS DELINEATED ON SAID MAP A DISTANCE OF 220.59 FEET TO A
POINT; THENCE

11.    SOUTH 68 DEGREES 51 MINUTES 30 SECONDS WEST ALONG THE DIVIDING BETWEEN
LOT 150 AND 149 AS DELINEATED ON SAID MAP A DISTANCE OF 201.68 FEET TO THE
EASTERLY LINE OF DURHAM AVENUE; THENCE

12.    NORTH 13 DEGREES 43 MINUTES 00 SECONDS WEST ALONG THE EASTERLY SIDE LINE
OF DURHAM ROAD A DISTANCE OF 421.69 FEET; THENCE

13.    NORTH 64 DEGREES 37 MINUTES 00 SECONDS EAST AND ALONG THE NORTHERLY
BOUNDARY LINE OF SAID MAP A DISTANCE OF 863.17 FEET TO A POINT IN THE
AFOREMENTIONED SOUTHWESTERLY LINE OF NEW JERSEY STATE HIGHWAY ROUTE 287; THENCE

14.    SOUTH 48 DEGREES 06 MINUTES 14 SECONDS EAST AND ALONG THE AFOREMENTIONED
SOUTHWESTERLY LINE OF N.J. STATE HIGHWAY ROUTE 287 A DISTANCE OF 1737.467 FEET
TO THE AFOREMENTIONED NORTHERLY LINE OF RUNYONS ROAD AND THE PLACE OF BEGINNING.

                              Exhibit A - Page 2
<PAGE>

PARCEL II

BEGINNING IN THE EASTERLY LINE OF DURHAM AVENUE AS SAID DURHAM AVENUE HAS BEEN
WIDENED BY CONDEMNATION DESCRIBED IN AWARDS DATED JULY 15, 1965, GRANTED BY
APPOINTED COMMISSIONERS, AT THE INTERSECTION OF SAID EASTERLY LINE WITH THE
DIVIDING LINE OF LOTS NUMBER 154 AND 155 AS SHOWN ON A MAP ENTITLED "MAP
MOUNTAIN VIEW HEIGHTS THE PROPERTY OF NUNZIO ROBUSTELLI, ESQ. SITUATED IN
PISCATAWAY TOWNSHIP, MIDDLESEX COUNTY, NEW JERSEY" FILED IN THE OFFICE OF THE
CLERK OF MIDDLESEX COUNTY, SEPTEMBER 18, 1917 AS MAP NO. 863, FILE 350 (THE MAP)
SAID POINT BEING DISTANT 9.44 FEET FROM THE EASTERLY SIDE LINE OF DURHAM AVENUE,
FORMERLY NEW BROOKLYN ROAD, AS SHOWN ON SAID MAP AND FROM SAID BEGINNING POINT
RUNNING; THENCE

1.     NORTH 13 DEGREES 43 MINUTES 00 SECONDS WEST ALONG THE AFORESAID LINE OF
DURHAM AVENUE AS WIDENED BY CONDEMNATION, A DISTANCE OF 126.05 FEET TO A POINT;
THENCE

2.     NORTH 68 DEGREES, 51 MINUTES 30 SECONDS EAST, ALONG THE DIVIDING LINE
BETWEEN LOTS NUMBER 149 AND 150 AS SHOWN ON THE MAP, A DISTANCE OF 192.24 FEET
TO A POINT; THENCE

3.     SOUTH 13 DEGREES 43 MINUTES 00 SECONDS EAST, ALONG THE WESTERLY LINE OF
LOTS NUMBERED 147 AND 158 AS SAID LOTS ARE SHOWN ON THE MAP, A DISTANCE OF
126.05 FEET TO A POINT; THENCE

4.     SOUTH 68 DEGREES 51 MINUTES 30 SECONDS WEST, ALONG THE DIVIDING LINE
BETWEEN LOTS NUMBERED 154 AND 155 AS SAID LOTS ARE SHOWN ON THE MAP, A DISTANCE
OF 192.24 FEET TO A POINT IN THE AFOREMENTIONED SAID LINE OF DURHAM AVENUE, AS
WIDENED BY CONDEMNATION AND THE POINT AND PLACE OF BEGINNING.

                              Exhibit A - Page 3
<PAGE>

PARCEL III

BEGINNING IN THE NORTHWESTERLY LINE OF NEW BROOKLYN ROAD AT THE INTERSECTION OF
SAID NORTHWESTERLY LINE WITH THE DIVIDING LINE OF LOTS NUMBER 157 AND 158 AS
SHOWN ON A MAP ENTITLED "MAP MOUNTAIN VIEW HEIGHTS THE PROPERTY OF NUNZIO
ROBUSTELLI, ESQ. SITUATED IN PISCATAWAY TOWNSHIP, MIDDLESEX COUNTY, NEW JERSEY"
FILED IN THE OFFICE OF THE CLERK OF MIDDLESEX COUNTY, SEPTEMBER 18, 1917 AS MAP
NO. 863, FILE 350 (THE MAP) AND FROM SAID BEGINNING POINT RUNNING; THENCE

1.     SOUTH 75 DEGREES 45 MINUTES 30 SECONDS WEST, ALONG THE AFORESAID
NORTHWESTERLY LINE OF NEW BROOKLYN ROAD, A DISTANCE OF 185.0 FEET TO A POINT;
THENCE

2.     NORTH 58 DEGREES 58 MINUTES 46 SECONDS WEST, A DISTANCE OF 7.94 FEET TO A
POINT; THENCE

3.     NORTH 13 DEGREES 43 MINUTES 00 SECONDS WEST, ALONG THE EASTERLY LINE OF
DURHAM AVENUE, AS SAID DURHAM AVENUE HAS BEEN WIDENED BY CONDEMNATION DESCRIBED
IN AWARDS DATED JULY 15, 1965, GRANTED BY APPOINTED COMMISSIONERS, A DISTANCE OF
76.10 FEET TO A POINT; THENCE

4.     NORTH 68 DEGREES 51 MINUTES 30 SECONDS EAST, ALONG THE DIVIDING LINE
BETWEEN NUMBER 154 AND 155, AS SHOWN ON THE MAP, A DISTANCE OF 192.24 FEET TO A
POINT; THENCE

5.     SOUTH 13 DEGREES 43 MINUTES 00 SECONDS EAST, ALONG THE WESTERLY LINE OF
LOT NUMBER 158 AS SHOWN ON THE MAP, A DISTANCE OF 104.54 FEET TO A POINT IN THE
AFOREMENTIONED NORTHWESTERLY LINE OF NEW BROOKLYN ROAD AND THE PLACE OF
BEGINNING.

                              Exhibit A - Page 4
<PAGE>

THE ABOVE THREE TRACTS BEING JOINTLY DESCRIBED AS FOLLOWS:

BEGINNING IN THE NORTHERLY LINE OF RUNYONS LANE WHERE THE SAME IS INTERSECTED BY
THE SOUTHWESTERLY LINE OF NEW JERSEY STATE HIGHWAY ROUTE 287 AND FROM SAID
BEGINNING POINT RUNNING; THENCE

1.     SOUTH 72 DEGREES 51 MINUTES 16 SECONDS WEST AND ALONG THE AFOREMENTIONED
NORTHERLY LINE OF RUNYONS LANE A DISTANCE OF 237.40 FEET TO A CORNER OF LAND NOW
OR FORMERLY OF L.A. & C.L. KLINGER; THENCE

2.     NORTH 12 DEGREES 21 MINUTES 44 SECONDS WEST AND ALONG THE LINE OF LANDS
OF "KLINGER" AS AFOREMENTIONED A DISTANCE OF 196.02 FEET TO A POINT; THENCE

3.     NORTH 21 DEGREES 20 MINUTES 09 SECONDS WEST AND STILL ALONG A LINE OF
LAND OF "KLINGER" AS AFORESAID A DISTANCE OF 18.27 FEET TO A POINT; THENCE

4.     SOUTH 77 DEGREES 17 MINUTES 56 SECONDS WEST AND STILL ALONG A LINE OF
"KLINGER" AS AFORESAID A DISTANCE OF 223.01 FEET TO A POINT; THENCE

5.     SOUTH 12 DEGREES 45 MINUTES 44 SECONDS EAST AND STILL ALONG ANOTHER LINE
OF "KLINGER" AS AFORESAID A DISTANCE OF 231.51 FEET TO A POINT IN THE
AFOREMENTIONED NORTHERLY LINE OF RUNYONS LANE; THENCE

6.     SOUTH 72 DEGREES 51 MINUTES 16 SECONDS WEST AND ALONG THE NORTHERLY LINE
OF RUNYONS LANE A DISTANCE OF 869.34 FEET TO THE EASTERLY SIDELINE OF NEW
BROOKLYN ROAD; THENCE

7.     NORTH 17 DEGREES 37 MINUTES 14 SECONDS WEST AND ALONG SAID EASTERLY LINE
OF NEW BROOKLYN ROAD A DISTANCE OF 700.12 FEET TO A POINT; THENCE

8.     STILL ALONG THE EASTERLY SIDE LINE OF NEW BROOKLYN ROAD NORTH 21 DEGREES
08 MINUTES 30 SECONDS WEST A DISTANCE OF 16.62 FEET TO A POINT; THENCE

9.     SOUTH 75 DEGREES 45 MINUTES 30 SECONDS WEST AND ALONG THE NORTHERLY LINE
OF NEW BROOKLYN ROAD A DISTANCE OF 432.46 FEET TO A POINT; THENCE

10.    NORTH 58 DEGREES 58 MINUTES 46 SECONDS WEST, 7.93 FEET TO A POINT IN THE
EASTERLY SIDELINE OF DURHAM AVENUE; THENCE

                              Exhibit A - Page 5
<PAGE>

11.    NORTH 13 DEGREES 43 MINUTES 00 SECONDS WEST, 201.85 FEET TO A POINT IN
SAID SIDELINE; THENCE

12.    SOUTH 68 DEGREES 51 MINUTES 30 SECONDS WEST, 9.44 FEET TO A POINT; THENCE

13.    NORTH 13 DEGREES 43 MINUTES 00 SECONDS WEST ALONG THE EASTERLY SIDE LINE
OF DURHAM AVENUE A DISTANCE OF 421.69 FEET; THENCE

14.    NORTH 64 DEGREES 37 MINUTES 00 SECONDS EAST AND ALONG THE NORTHERLY
BOUNDARY LINE OF SAID MAP A DISTANCE OF 863.17 FEET TO A POINT IN THE
AFOREMENTIONED SOUTHWESTERLY LINE OF NEW JERSEY STATE HIGHWAY ROUTE 287; THENCE

15.    SOUTH 48 DEGREES 06 MINUTES 14 SECONDS EAST AND ALONG THE AFOREMENTIONED
SOUTHWESTERLY LINE OF N.J. STATE HIGHWAY ROUTE 287 A DISTANCE OF 1737.47 FEET TO
THE AFOREMENTIONED NORTHERLY LINE OF RUNYONS ROAD AND THE PLACE OF BEGINNING.

THE ABOVE DESCRIPTION IS IN ACCORDANCE WITH A SURVEY PREPARED BY STORCH
ENGINEERS, DATED DECEMBER 30, 1997.

BEING ALSO KNOWN AS (REPORTED FOR INFORMATIONAL PURPOSES ONLY):

LOT 1.A3 AND 1.A6, BLOCK 54.A, ON THE OFFICIAL TAX MAP OF EDISON TOWNSHIP LOT 3,
BLOCK 550, ON THE OFFICIAL TAX MAP OF SOUTH PLAINFIELD BOROUGH.

                              Exhibit A - Page 6
<PAGE>

                           [FLOOR PLAN APPEARS HERE]

                              Exhibit A - Page 7
<PAGE>

                           [FLOOR PLAN APPEARS HERE]

                              Exhibit A - Page 8
<PAGE>

                           [FLOOR PLAN APPEARS HERE]

                              Exhibit A - Page 9
<PAGE>

                           [FLOOR PLAN APPEARS HERE]

                              Exhibit A - Page 10
<PAGE>

                           [FLOOR PLAN APPEARS HERE]

                              Exhibit A - Page 11
<PAGE>

                                   EXHIBIT B

 Description of Landlord's Work (Environmental Remediation Work) and Schedule
 ----------------------------------------------------------------------------

ENVIRONMENTAL REMEDIATION WORK
------------------------------

1.   ASBESTOS - Remove asbestos-containing floor tile and mastic as indicated in
ESE's preliminary assessment report dated October 6, 1999 (the "Report"). All
                                                                ------
necessary notifications/permits, etc. that may be required by the NJDEQE, EPA or
local laws will be the responsibility of the Landlord. The job will be performed
by a certified asbestos abatement firm and will be monitored by a certified IH
with final clearance samples performed using TEM technology. All waste will be
disposed of at an approved site and documentation for the completion of the work
will be provided to the Tenant prior to accepting occupancy.

2.   COMPRESSOR - Landlord will install an oil water separator for the
compressor as noted in the Report.

3.   PUMPING ISLAND - Based upon the New Jersey Department of Environmental
Protection "no further action" letter for this former underground storage tank
site, the pumping island will remain as is.

4.   DIESEL TANKS - Landlord will provide secondary containment for the 25
gallon day tank and associated piping. The flooring in the generator room will
be sealed with a chemical resistant coating. Landlord will also install an
interstitial monitor in the 500 gallon tank which will tie into an
audible/visual alarm system in the mechanical room of the Building.

5.   FLOOR DRAIN - The drain will remain as is with no further work since
secondary containment will be installed in this room along with a chemical
resistant coating on the floor.

SCHEDULE
--------

Item 1 will be performed during weeks 1-4 of Landlord's construction period.

Item 2 will be installed during week 1 of Landlord's construction period.

Item 4 will be performed during weeks 2 and 3 of Landlord's construction period.

                              Exhibit B - Page 1
<PAGE>

                                  EXHIBIT C-1

                   Description of Base Building Improvements
                   -----------------------------------------

1.   Add fire protection throughout the entire building; this includes but is
     not limited to: sprinklers 1 head per 130 SF @ 0.17 GPM/SF over the most
     remote 3000 SF of floor area, jockey or fire pump as required to operate
     the system, flows and tamper devices, fire hydrants, and fire hose valve
     and cabinets. An alarm check valve shall be provided in the wet pipe
     systems and equipped with an outside motor gong and an inside electric
     bell. Systems to be controlled by its own O.S. & Y valve and waterflow
     alarm. The design of the hydraulically calculated sprinkler system shall
     handle a demand of 500 gpm (1,890 L/min) for inside and outside hose
     streams. All work to meet local codes, NFPA and AON Risk Services
     protection levels.

2.   Replace two building chillers including all piping, controls, pumps and
     valves as required to utilize the existing cooling towers and chilled water
     loops.

3.   Install or upgrade the fire alarm system (addressable.) Tie in the new
     sprinkler system devices. Install all components such as audio/visual
     strobes to meet all applicable codes including ADA.

4.   Replace the domestic water booster pumps.

5.   Retrofit many base building ADA issues including parking lot issues,
     exterior stairs, curb ramps, entry doors, main corridor issues, base
     building door hardware such as toilet rooms, mech. rooms, main conference
     rooms on the mezz., interior stair modifications of flooring and rails,
     interior ramps, some elevator modifications, toilet facilities, drinking
     fountains, public telephones and the fitness center locker rooms.

                             Exhibit C-1 - Page 1
<PAGE>

                                  EXHIBIT C-2

                      Description of Tenant Improvements
                      ----------------------------------

Tenant will occupy the 1111 Durham Facility with a mixture of Administrative and
Engineering functions. The majority of the space will be for engineers using
software and hardware applications in a research and development atmosphere. The
space will contain: several engineering labs, testing chambers, a proto line
area, main computer room, data distribution rooms, conference rooms, training
rooms, several roof mounted antennas, fitness room, health service, vending
areas, video conference room, private offices and modular furniture work
stations. One of the test chambers may require the raising of the garage roof.
This will be done in a manner to blend the building architecture. The proto line
is for the development of new products but not for mass manufacturing. The upper
floor will be designed around a central core of offices, conference rooms and
labs surrounded on the exterior by modular furniture workstations.

Tenant also desires to upgrade the exterior appearance of the building.

In order to update the appearance of the 1111 Durham Building we would hire an
architect to study and present design schemes on the following:

1.     Review the main entrance. Study creating a new entrance canopy. This
       could require new footings and foundation for the Canopy. Additionally we
       will look at updating the lighting and landscaping in front of the
       entrance.

2.     The sunshade will stay in place as it provides required relief to the
       cooling load of the building. We will study painting the entire sunshade
       or high lighting elements of the sunshade such as the vertical elements.

3.     There are several round exterior columns that are clad the same as the
       building. We will study recladding the columns.

4.     We will study changing the appearance of the brick elements of the
       building either through painting or a cladding of them.

5.     We will review options for new snap covers on the curtainwall.

6.     We do not envision recladding or reglazing the curtainwall at this time.

It is our intent to create an image that not only reflects a strong established
Corporate building(as it does today) but also reflects a creative High Tech.
Company.

                             Exhibit C-2 - Page 1
<PAGE>

                                 SCHEDULE 3.B.

                                RENEWAL OPTION
                                --------------

        Provided no Event of Default exists and Tenant is occupying not less
than 75% of the rentable square feet in the Premises at the time of such
election, Tenant may renew this Lease for two additional periods of five years
each (the "First Renewal Term" and the "Second Renewal Term," respectively), by
           ------------------           -------------------
delivering written notice of the exercise thereof to Landlord not later than 12
months before the expiration of the then effective Term. The Base Rent payable
for each month during such extended Term shall be the greater of (i) the Base
Rent payable during the final year of the Term immediately prior to such
extension, or (ii) 95% of the "Market Rent", determined as provided in this
                               -----------
Schedule 3.B.

        Following determination of Base Rent for either Renewal Term, Landlord
and Tenant shall execute an amendment to this Lease extending the Term on the
same terms provided in this Lease, except as follows:

               (a)  Basic Rent shall be adjusted to the greater of (i) 95% of
        the Market Rent or (ii) the Base Rent payable during the final year of
        the Term immediately prior to such extension;

               (b)  Following extension of the option for the Second Renewal
        Term, Tenant shall have no further unilateral renewal option; and

               (c)  Landlord shall lease to Tenant the Premises in their
        then-current condition, and Landlord shall not provide to Tenant any
        allowances (e.g., moving allowance, construction allowance, and the
        like) or other tenant inducements.

        Tenant's rights under this Exhibit shall terminate if (1) this Lease or
Tenant's right to possession of the Premises is terminated, (2) Tenant assigns
its interest in this Lease or sublets more than 25% of the total rentable square
feet of the Premises (other than by way of a Permitted Transfer), (3) Tenant
fails to timely exercise either of its options under this Schedule, time being
of the essence with respect to Tenant's exercise thereof, or (4) Tenant's credit
rating is less than Moody's Baa1 or S&P BBB+, or their equivalent, on the date
the renewal right is exercised or the renewal term commences.

                            Schedule 3.B. - Page 1
<PAGE>

                                 SCHEDULE 3.B.

        Market rent shall be a rental rate equal to the then current market
rate, for comparable space in other buildings comparable to the Premises in the
sub-market taking into account all relevant factors including the size and cost
of the building in question when compared to the Premises and the amenity
package available for the building in question when compared to the Premises,
the creditworthiness of the Tenant, all concessions which are being offered to
renewal tenants as new tenant improvements, size and location of the space and
the rate shall specifically exclude amounts previously attributed to Tenant's
original Tenant Improvements Landlord's Work and additional Tenant Improvements
(collectively the "Market Rent").
                   -----------

        Upon receiving notice of Tenant's intent to extend the term of the
lease, Landlord shall notify Tenant in writing of its determination of Market
Rent. In the event Tenant rejects Landlord's determination of the Market Rent,
Tenant shall include with its notice of rejection, Tenant's determination of
Market Rent. Landlord and Tenant shall then negotiate in good faith for thirty
(30) days following the delivery of Tenant's notice to Landlord in an attempt to
reach an agreement as to the Market Rent. If, however, Landlord and Tenant are
unable to reach an agreement as to the Market Rent, then Tenant shall have the
option within five (5) days following the end of such thirty (30) day period to
(1) revoke its election to extend the term of this Lease, or (2) to request
non-binding mediation. In the event that Tenant shall revoke its notice to
extend the term of this Lease, the Lease shall expire per its terms. In the
event that Tenant shall elect the non-binding mediation, then Landlord and
Tenant shall, within ten (10) days thereafter, each designate a qualified real
estate professional. The two (2) such appointees shall within five (5) days
thereafter, designate a third real estate professional having substantially
similar qualifications.

        After a third real estate professional has been designated in accordance
with the above paragraph, then within twenty (20) days after the appointment of
the third representative, the group shall present their findings regarding the
issues of market terms and conditions to both the Landlord and Tenant. If, at
that time, Landlord and Tenant are in agreement with the mediation group's
findings, then the Lease shall be modified under those terms and conditions.

        If, at the time of the mediation group's presentation, no agreement can
be reached then, Tenant's sole options are to cancel the option to renew or to
agree to Landlord's determination of Market Rent.

                            Schedule 3.B. - Page 2
<PAGE>

                                SCHEDULE 28.D.

                      DETERMINATION OF FAIR MARKET VALUE
                      ----------------------------------

        If Landlord and Tenant are unable to agree upon the Fair Market Value of
the Building within the fifteen (15) day period provided for in Section 28.D.,
then either party may submit the determination of Fair Market Value to binding
arbitration by so notifying the other party, designating in such notice a first
arbitrator. Within ten (10) days after the giving of such notice, the other
party shall designate, in a written notice, the second arbitrator. If the party
entitled to do so fails to timely designate the second arbitrator, then the
first arbitrator shall proceed to determine the Fair Market Value. If a second
arbitrator is designated the arbitrators shall meet within five (5) days after
the designation of the second arbitrator, and if within ten (10) days thereafter
they have not agreed upon Fair Market Value, they shall appoint a third
arbitrator; if the two arbitrators are unable to agree upon a third within five
(5) days after the expiration of the aforesaid ten (10) day time period, a third
arbitrator shall be selected by Landlord and Tenant. A decision of the
arbitrators so chosen shall be given within a period of ten (10) days after the
appointment of the third arbitrator. A decision in which any two arbitrators
shall have concurred shall be binding and conclusive on the parties hereto, or
if no two arbitrators concur, then the average of the two closest mathematical
determinations shall constitute the decision of all three arbitrators and shall
be similarly binding and conclusive, as to the Fair Market Value. If any
arbitrator shall fail, refuse, or become unable to act, a new arbitrator shall
be appointed in his place following the same method as was originally followed
with respect to the arbitrator to be replaced. Landlord and Tenant shall pay the
fees and expenses of the arbitrator appointed by them, and the fees and expenses
of the third arbitrator and all other expenses of arbitration shall be borne
equally by the parties. All hearings and proceedings held and all investigations
and actions taken by the arbitrators shall take place in Washington, D.C. Any
arbitrator designated to serve in accordance with the provisions of this
Schedule 28.D. shall be qualified to appraise real estate in market where the
Building is located, shall not have any financial interest (other than payment
of a reasonable fee for serving as an arbitrator) in the outcome of the dispute
or matter in question, shall be a member of the American Institute of Real
Estate Appraisers or any successor association or body of comparable standing if
such Institute is not then in existence, and shall have been actively engaged in
the appraisal of real estate in such market a period of not less than five (5)
years immediately preceding such arbitrator's appointment.

        For the purposes hereof, the "Fair Market Value" of the Building shall
                                      -----------------
be the cash price which an informed purchaser, under no obligation to purchase,
would pay to an informed seller, under no obligation to sell, for the Building
and related land, in the condition as of the date of determination, free of any
mortgages.

                            Schedule 28.D. - Page 1
<PAGE>

                                  SCHEDULE 33

                 LIST OF ENVIRONMENTAL AND STRUCTURAL REPORTS
                 --------------------------------------------

1.      Phase 1 Environmental Site Assessment, ENSR - August 1997

2.      Phase 1 Environmental Site Assessment, Hillman Environmental Company -
        March 21, 1997

3.      Phase 1 Preliminary Hazardous Materials Site Assessment, Harding Lawson
        Associates - May 13, 1993

4.      Underground Storage Tanks Closure Summary Two Underground Storage Tanks,
        Harding Lawson Associates - March 2, 1994

5.      Letter dated 8/18/97 to Linda Kaiser from Roberta Zwier and Eugene Belli
        re: summarization of the conditions present on the site

6.      Asbestos Exposure Assessment With Corrective Action Recommendations At
        The Prudential South Plainfield Facility South Plainfield, New Jersey,
        Kaselaan & D'Angelo - October 17, 1988

7.      Letter dated 10/6/99 to Glenn Sternard from Kevin Niemeyer re: and
        enclosing the Preliminary Assessment Report

8.      Preliminary Assessment Report, 1111 Durham Avenue, South Plainfield, New
        Jersey prepared for Motorola Cellular Inc. by Environmental Science &
        Engineering Inc. dated October 6, 1999.

                             Schedule 33 - Page 1<PAGE>

                                                                     EXHIBIT 4.3

                                    FORM OF

                    SHAREHOLDER PROTECTION RIGHTS AGREEMENT

                                    BETWEEN

                             GLOBAL PAYMENTS INC.

                                      AND

                    SUNTRUST BANK, ATLANTA, AS RIGHTS AGENT

                             ___________ ___, 2000

<PAGE>

<TABLE>
<CAPTION>
                               TABLE OF CONTENTS

<S>                                                                                                              <C>
ARTICLE I - CERTAIN DEFINITIONS...................................................................................1

ARTICLE II - THE RIGHTS...........................................................................................4

   2.1    Summary of Rights.......................................................................................4
   2.2    Issuance of Rights Certificates; Legend.................................................................4
   2.3    Exercise of Rights; Separation of Rights................................................................5
   2.4    Adjustments to Exercise Price; Number of Rights.........................................................6
   2.5    Date on Which Exercise is Effective.....................................................................7
   2.6    Execution, Authentication, Delivery and Dating of Rights Certificates...................................7
   2.7    Registration, Registration of Transfer and Exchange.....................................................7
   2.8    Mutilated, Destroyed, Lost and Stolen Rights Certificates...............................................8
   2.9    Persons Deemed Owners...................................................................................8
   2.10   Delivery and Cancellation of Certificates...............................................................9
   2.11   Agreement of Rights Holders.............................................................................9

ARTICLE III - ADJUSTMENTS TO THE RIGHTS IN THE EVENT OF CERTAIN TRANSACTIONS......................................9

   3.1    Flip-In.................................................................................................9
   3.2    Flip-Over..............................................................................................11

ARTICLE IV - THE RIGHTS AGENT....................................................................................11

   4.1    General................................................................................................11
   4.2    Merger or Consolidation or Change of Name of Rights Agent..............................................12
   4.3    Duties of Rights Agent.................................................................................12
   4.4    Change of Rights Agent.................................................................................14

ARTICLE V - MISCELLANEOUS........................................................................................14

   5.1    Redemption.............................................................................................14
   5.2    Expiration.............................................................................................14
   5.3    Issuance of New Rights Certificates....................................................................15
   5.4    Supplements and Amendments.............................................................................15
   5.5    Fractional Shares......................................................................................15
   5.6    Rights of Action.......................................................................................15
   5.7    Holder of Rights Not Deemed a Shareholder..............................................................15
   5.8    Notice of Proposed Actions.............................................................................16
   5.9    Notices................................................................................................16
   5.10   Suspension of Exercisability...........................................................................16
   5.11   Costs of Enforcement...................................................................................16
   5.12   Successors.............................................................................................17
   5.13   Benefits of this Agreement.............................................................................17
   5.14   Determination and Actions by the Board of Directors, etc...............................................17
   5.15   Descriptive Headings...................................................................................17
   5.16   Governing Law..........................................................................................17
   5.17   Counterparts...........................................................................................17
   5.18   Severability...........................................................................................17
</TABLE>
<PAGE>

                                    FORM OF

                    SHAREHOLDER PROTECTION RIGHTS AGREEMENT

     THIS SHAREHOLDER PROTECTION RIGHTS AGREEMENT (as amended from time to time,
this "Agreement") is made and entered into as of ________, 2000, between Global
Payments Inc., a Georgia corporation (the "Company"), and SunTrust Bank,
Atlanta, as rights agent (the "Rights Agent," which term shall include any
successor rights agent hereunder).

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

     WHEREAS, on_______________, 2000, the Board of Directors of the Company has
(a) authorized and declared a dividend of one right ("Right") in respect of each
share of Common Stock (as hereinafter defined) held of record as of the Close of
Business (as hereinafter defined) on,_____________ 2000 (the "Record Time") and
(b) as provided in Section 2.4, authorized the issuance of one Right in respect
of each share of Common Stock issued after the Record Time and prior to the
Separation Time (as hereinafter defined);

     WHEREAS, subject to Sections 3.1, 5.1 and 5.10, each Right entitles the
holder thereof, after the Separation Time, to purchase securities of the Company
(or, in certain cases, of certain other entities) pursuant to the terms and
subject to the conditions set forth herein; and

     WHEREAS, the Company desires to appoint the Rights Agent to act on behalf
of the Company, and the Rights Agent is willing so to act, in connection with
the issuance, transfer, exchange and replacement of Rights Certificates (as
hereinafter defined), the exercise of Rights and other matters referred to
herein;

     NOW THEREFORE, in consideration of the premises and the respective
agreements set forth herein, the parties hereby agree as follows:

                                   ARTICLE I

                              CERTAIN DEFINITIONS
                              -------------------

     1.1  Certain Definitions. For purposes of this Agreement, the following
          -------------------
terms have the meanings indicated:

     "Acquiring Person" shall mean any Person who is a Beneficial Owner of 20%
or more of the outstanding shares of Common Stock; provided, however, that the
term "Acquiring Person" shall not include any Person (i) who is the Beneficial
Owner of 20% or more of the outstanding shares of Common Stock on the date of
this Agreement or who shall become the Beneficial Owner of 20% or more of the
outstanding shares of Common Stock solely as a result of an acquisition by the
Company of shares of Common Stock, until such time hereafter or thereafter as
any such Person shall become the Beneficial Owner (other than by means of a
stock dividend or stock split) of any additional shares of Common Stock, (ii)
who is the Beneficial Owner of 20%, or more of the outstanding shares of Common
Stock but who acquired Beneficial Ownership of shares of Common Stock without
any plan or intention to seek or affect control of the Company, if such Person
promptly enters into an irrevocable commitment promptly to divest, and
thereafter promptly divests (without exercising or retaining any power,
including voting power, with respect to such shares), sufficient shares of
Common Stock (or securities convertible into, exchangeable into or exercisable
for Common Stock) so that such Person ceases to be the Beneficial Owner of 20%
or more of the outstanding shares of Common Stock or (iii) who Beneficially Owns
shares of Common Stock consisting solely of one or more of (A) shares of Common
Stock Beneficially Owned pursuant to the grant or exercise of an option granted
to such Person by the Company in connection with an agreement to merge with, or
acquire, the Company entered into prior to a Flip-In Date, (B) shares of Common
Stock (or securities convertible into, exchangeable into or exercisable
<PAGE>

for Common Stock) Beneficially Owned by such Person or its Affiliates or
Associates at the time of grant of such option or (C) shares of Common Stock (or
securities convertible into, exchangeable into or exercisable for Common Stock)
acquired by Affiliates or Associates of such Person after the time of such grant
which, in the aggregate, amount to less than 1% of the outstanding shares of
Common Stock. In addition, the Company, any wholly owned Subsidiary of the
Company and any employee stock ownership or other employee benefit plan of the
Company or a wholly owned Subsidiary of the Company shall not be an Acquiring
Person. Finally, notwithstanding the foregoing, Canadian Imperial Bank of
Commerce and its affiliates ("CIBC") shall not be or become an Acquiring Person
as the result of (i) CIBC's acquisition of Common Stock of 26.25% of the shares
of the Common Stock then outstanding on a diluted basis (as determined in
accordance with accounting principles generally accepted in the United States)
pursuant to that certain Stock Purchase Agreement by and between the Company and
CIBC dated as of November 8, 2000 or (ii) any other acquisition of Common Stock
by CIBC until such time as CIBC owns more than 29.90% of the outstanding Common
Stock.

     "Affiliate" and "Associate" shall have the respective meanings ascribed to
such terms in Rule 12b-2 under the Securities Exchange Act of 1934, as amended
(the "Securities Exchange Act"), as such Rule is in effect on the date of this
Agreement.

     A Person shall be deemed the "Beneficial Owner" of, and to have "Beneficial
Ownership" of, and to "Beneficially Own," any securities of which such Person or
any of such Person's Affiliates or Associates is or may be deemed to be the
beneficial owner pursuant to Rule 13d-3 and 13d-5 under the Securities Exchange
Act, as such Rules are in effect on the date of this Agreement as well as any
securities as to which such Person or any of such Person's Affiliates or
Associates has the right to become Beneficial Owner (whether such right is
exercisable immediately or only after the passage of time or the occurrence of
conditions) pursuant to any agreement, arrangement or understanding, or upon the
exercise of conversion rights, exchange rights, other rights (other than the
Rights), warrants or options, or otherwise; provided, however, that a Person
shall not be deemed the "Beneficial Owner" of, or to have "Beneficial Ownership"
of, or to "Beneficially Own," any security (i) solely because such security has
been tendered pursuant to a tender or exchange offer made by such Person or any
of such Person's Affiliates or Associates until such tendered security is
accepted for payment or exchange or (ii) solely because such Person or any of
such Person's Affiliates or Associates has or shares the power to vote or direct
the voting of such security pursuant to a revocable proxy given in response to a
public proxy or consent solicitation made to more than ten holders of shares of
a class of stock of the Company registered under Section 12 of the Securities
Exchange Act and pursuant to, and in accordance with, the applicable rules and
regulations under the Securities Exchange Act, except if such power (or the
arrangements relating thereto) is then reportable under Item 6 of Schedule 13D
under the Securities Exchange Act (or any similar provision of a comparable or
successor report). Notwithstanding the foregoing, no officer or director of the
Company shall be deemed to Beneficially Own any securities of any other Person
by virtue of any actions such officer or director takes in such capacity. For
purposes of this Agreement, any calculation of the number of shares of Common
Stock outstanding at any time, including for purposes of determining the
percentage of the outstanding shares of Common Stock with respect to which a
Person is the Beneficial Owner, shall be made in accordance with the provisions
of Rule 13d-3(d)(1) under the Securities Exchange Act.

     "Business Day" shall mean any day other than a Saturday, Sunday or a day on
which banking institutions in Atlanta, Georgia are generally authorized or
obligated by law or executive order to close.

     "Close of Business" on any given date shall mean 5:00 p.m. Atlanta, Georgia
time on such date (or, if such date is not a Business Day, 5:00 p.m. Atlanta,
Georgia time on the next succeeding Business Day).

     "Common Stock" shall mean the shares of Common Stock, no par value, of the
Company.

     "Exchange Time" shall mean the time at which the right to exercise the
Rights shall terminate pursuant to Section 3.1(c).

     "Exercise Price" shall mean, as of any date, the price at which a holder
may purchase the securities issuable upon exercise of one whole Right. Until
adjustment thereof in accordance with the terms hereof, the Exercise Price shall
equal $____.

     "Expiration Time" shall mean the earliest of (i) the Exchange Time, (ii)
the Redemption Time, (iii)____________, 2010 and (iv) the time of a merger of
the Company into another corporation pursuant to an agreement entered into prior
to a Flip-In Date.

     "Flip-In Date" shall mean the tenth Business Day after any Stock
Acquisition Date or such earlier or later date as the Board of Directors of the
Company may from time to time fix by resolution adopted prior to the Flip-In
Date that would otherwise have occurred.

                                      -2-
<PAGE>

     "Flip-Over Entity" for purposes of Section 3.2, shall mean (i) in the case
of a Flip-Over Transaction or Event described in clause (i) of the definition
thereof, the Person issuing any securities into which shares of Common Stock are
being converted or exchanged and, if no such securities are being issued, any
other party to such Flip-Over Transaction or Event and (ii) in the case of a
Flip-Over Transaction or Event referred to in clause (ii) of the definition
thereof, the Person receiving the greatest portion of the assets or earning
power being transferred in such Flip-Over Transaction or Event; provided in all
cases if such Person is a Subsidiary of another Person, the ultimate controlling
Person that is not an individual shall be the Flip-Over Entity.

     "Flip-Over Stock" shall mean the capital stock (or similar equity interest)
with the greatest voting power in respect of the election of directors (or other
Persons similarly responsible for direction of the business and affairs) of the
Flip-Over Entity.

     "Flip-Over Transaction or Event" shall mean a transaction or series of
transactions after a Flip-In Date in which, directly or indirectly, (i) the
Company shall consolidate or merge or participate in a share exchange with any
other Person if, at the time of the consolidation, merger or share exchange or
at the time the Company enters into any agreement with respect to any such
consolidation, merger or share exchange, the Acquiring Person Controls the Board
of Directors of the Company and either (A) any term of or arrangement concerning
the treatment of shares of capital stock in such consolidation, merger or share
exchange relating to the Acquiring Person is not identical to the terms and
arrangements relating to other holders of the Common Stock or (B) the Person
with whom the transaction or series of transactions occurs is the Acquiring
Person or an Affiliate or Associate of the Acquiring Person or (ii) the Company
shall sell or otherwise transfer (or one or more of its Subsidiaries shall sell
or otherwise transfer) assets (A) aggregating more than 50% of the assets
(measured by either book value or fair market value) or (B) generating more than
50% of the operating income or cash flow, of the Company and its Subsidiaries
(taken as a whole) to any Person (other than the Company or one or more of its
wholly owned Subsidiaries) or to two or more such Persons which are Affiliates
or Associates or otherwise acting in concert, if, at the time of the entry by
the Company (or any such Subsidiary) into an agreement with respect to such sale
or transfer of assets, the Acquiring Person Controls the Board of Directors of
the Company. An Acquiring Person shall be deemed to "Control" the Company's
Board of Directors when, following a Flip-In Date, the Persons who were
directors of the Company before the Flip-In Date shall cease to constitute a
majority of the Company's Board of Directors.

     "Market Price" per share of any securities on any date shall mean the
average of the daily closing prices per share of such securities (determined as
described below) on each of the 20 consecutive Trading Days through and
including the Trading Day immediately preceding such date; provided, however,
that if an event of a type analogous to any of the events described in Section
2.4 shall have caused the closing prices used to determine the Market Price on
any Trading Days during such period of 20 Trading Days not to be fully
comparable with the closing price on such date, each such closing price so used
shall be appropriately adjusted in order to make it fully comparable with the
closing price on such date. The closing price per share of any securities on any
date shall be the last reported sale price, regular way, or, in case no such
sale takes place or is quoted on such date, the average of the closing bid and
asked prices, regular way, for each share of such securities, in either case as
reported in the principal consolidated transaction reporting system with respect
to securities listed or admitted to trading on the New York Stock Exchange, Inc.
or, if the securities are not listed or admitted to trading on the New York
Stock Exchange, Inc., as reported in the principal consolidated transaction
reporting system with respect to securities listed on the principal national
securities exchange on which the securities are listed or admitted to trading
or, if the securities are not listed or admitted to trading on any national
securities exchange, as reported by The Nasdaq Stock Market, Inc.'s Nasdaq
National Market or such other system then in use, or, if on any such date the
securities are not listed or admitted to trading on any national securities
exchange or quoted by any such organization, the average of the closing bid and
asked prices as furnished by a professional market maker making a market in the
securities selected by the Board of Directors of the Company; provided, however,
that if on any such date the securities are not listed or admitted to trading on
a national securities exchange or traded in the over-the-counter market, the
closing price per share of such securities on such date shall mean the fair
value per share of securities on such date as determined in good faith by the
Board of Directors of the Company, after consultation with a nationally
recognized investment banking firm, and set forth in a certificate delivered to
the Rights Agent.

                                      -3-
<PAGE>

     "Person" shall mean any individual, firm, partnership, association, group
(as such term is used in Rule 13d-5 under the Securities Exchange Act, as such
Rule is in effect on the date of this Agreement), corporation or other entity.

     "Preferred Stock" shall mean the Series A Junior Participating Preferred
Stock, no par value, of the Company created by the Articles of Amendment in
substantially the form set forth in Exhibit B hereto, appropriately completed.
                                    ---------

     "Redemption Price" shall be an amount equal to one cent ($0.01)

     "Redemption Time" shall mean the time at which the right to exercise the
Rights shall terminate pursuant to Section 5.1 hereof.

     "Separation Time" shall mean the Close of Business on the earlier of (i)
the tenth Business Day (or such later date as the Board of Directors of the
Company may from time to time fix by resolution adopted prior to the Separation
Time that would otherwise have occurred) after the date on which any Person
commences a tender or exchange offer which, if consummated, would result in such
Person's becoming an Acquiring Person and (ii) the Flip-In Date; provided, that
if the foregoing results in the Separation Time being prior to the Record Time,
the Separation Time shall be the Record Time and provided further, that if any
tender or exchange offer referred to in clause (i) of this paragraph is
canceled, terminated or otherwise withdrawn prior to the Separation Time without
the purchase of any shares of Common Stock pursuant thereto, such offer shall be
deemed, for purposes of this paragraph, never to have been made.

     "Stock Acquisition Date" shall mean the first date of public announcement
by the Company (by any means) that an Acquiring Person has become such.

     "Subsidiary" of any specified Person shall mean any corporation or other
entity of which a majority of the voting power of the equity securities or a
majority of the equity interests is Beneficially Owned, directly or indirectly,
by such Person.

     "Trading Day," when used with respect to any securities, shall mean a day
on which the New York Stock Exchange, Inc. is open for the transaction of
business or, if such securities are not listed or admitted to trading on the New
York Stock Exchange, Inc., a day on which the principal national securities
exchange on which such securities are listed or admitted to trading is open for
the transaction of business or, if such securities are not listed or admitted to
trading on any national securities exchange, a day on which The Nasdaq Stock
Market, Inc.'s Nasdaq National Market or such other system then in use is open
for the transaction of business or, if such securities are not listed or
admitted to trading on any national securities exchange or quoted on any such
system, a Business Day.

                                  ARTICLE II

                                  THE RIGHTS
                                  ----------

     2.1  Summary of Rights. As soon as practicable after the Record Time, the
          -----------------
Company will mail a letter summarizing the terms of the Rights to each holder of
record of Common Stock as of the Record Time, at such holder's address as shown
by the records of the Company.

     2.2  Issuance of Rights Certificates; Legend. (a) Certificates for the
          ---------------------------------------
Common Stock issued after the Record Time but prior to the Separation Time shall
evidence, in addition to the Common Stock represented by such certificate, one
Right for each share of Common Stock represented thereby and shall have
impressed on, printed on, written on or otherwise affixed to them the following
legend:

     "Until the Separation Time (as defined in the Rights Agreement referred to
     below), this certificate also evidences and entitles the holder hereof to
     certain Rights as set forth in a Shareholder Protection Rights Agreement
     (as such may be amended from time to time, the "Rights Agreement"), between
     Global Payments Inc. (the "Company") and SunTrust Bank, Atlanta, as

                                      -4-
<PAGE>

     Rights Agent, the terms of which are hereby incorporated herein by
     reference and a copy of which is on file at the principal executive offices
     of the Company. Under certain circumstances, as set forth in the Rights
     Agreement, such Rights may be redeemed, may become exercisable for
     securities or assets of the Company or of another entity, may be exchanged
     for shares of Common Stock or other securities or assets of the Company,
     may expire, may become void (if they are "Beneficially Owned" by an
     "Acquiring Person" or an Affiliate or Associate thereof, as such terms are
     defined in the Rights Agreement, or by any transferee of any of the
     foregoing) or may be evidenced by separate certificates and may no longer
     be evidenced by this certificate. The Company will mail or arrange for the
     mailing of a copy of the Rights Agreement to the holder of this certificate
     without charge promptly after the receipt of a written request therefor."

Certificates representing shares of Common Stock that are issued and outstanding
at the Record Time shall evidence, in addition to the Common Stock represented
by such certificate, one Right for each share of Common Stock evidenced thereby
notwithstanding the absence of the foregoing legend.

     (b)  Subject to Sections 2.4 and 5.3, one Right shall be issued in respect
of (i) each share of Common Stock outstanding as of the Record Time and (ii)
each additional share of Common Stock that becomes outstanding (whether by
original issuance or out of treasury, but other than in a transaction
contemplated by Section 2.4) after the Record Time but prior to the Separation
Time. To the extent provided in Section 5.3, Rights shall be issued by the
Company in respect of shares of Common Stock that are issued or sold by the
Company after the Separation Time.

     2.3  Exercise of Rights; Separation of Rights. (a) Subject to Sections 3.1,
          ----------------------------------------
5.1 and 5.10 and subject to adjustment as herein set forth, each Right will
entitle the holder thereof, after the Separation Time and prior to the
Expiration Time, to purchase, for the Exercise Price, one thousandth (1/1000th)
of a share of Preferred Stock.

     (b)  Until the Separation Time, (i) no Right may be exercised and (ii) each
Right will be evidenced by the certificate that evidences the share of Common
Stock with which it is associated (together, in the case of certificates issued
prior to the Record Time, with the letter or notice mailed to the record holder
thereof pursuant to Section 2.1) and will be transferable only together with,
and will be transferred by a transfer (whether with or without such letter or
notice) of, such associated share of Common Stock, and the surrender for
transfer of any certificates representing outstanding Common Stock will also
constitute the surrender for transfer of the Rights associated with the Common
Stock represented by such certificate.

     (c)  Subject to this Section 2.3 and to Sections 3.1, 5.1 and 5.10, after
the Separation Time and prior to the Expiration Time, the Rights (i) may be
exercised and (ii) may be transferred independently of shares of Common Stock.
Promptly following the Separation Time, the Rights Agent will mail to each
holder of record of Common Stock as of the Separation Time (other than any
Person whose Rights have become void pursuant to Section 3.1(b)), at such
holder's address as shown by the records of the Company (the Company hereby
agreeing to furnish copies of such records to the Rights Agent for this
purpose), (x) a certificate (a "Rights Certificate") in substantially the form
of Exhibit A hereto appropriately completed, representing the number of Rights
   ---------
held by such holder at the Separation Time and having such marks of
identification or designation and such legends, summaries or endorsements
printed thereon as the Company may deem appropriate and as are not inconsistent
with the provisions of this Agreement, or as may be required to comply with any
law or with any rule or regulation made pursuant thereto or with any rule or
regulation of any national securities exchange or quotation system on which the
Rights may from time to time be listed or traded, or to conform to usage, and
(y) a disclosure statement describing the Rights.

     (d)  Subject to Sections 3.1, 5.1 and 5.10, Rights may be exercised on any
Business Day after the Separation Time and prior to the Expiration Time by
submitting to the Rights Agent the Rights Certificate evidencing such Rights
with an Election to Exercise (an "Election to Exercise") substantially in the
form attached to the Rights Certificate, duly completed, accompanied by payment
by certified or official bank check or money order payable to the order of the
Company, of a sum equal to the Exercise Price multiplied by the number of Rights
being exercised and a sum sufficient to cover any transfer tax or charge that
may be payable in respect of any transfer involved in the transfer or delivery
of Rights Certificates or the issuance or delivery of certificates for shares or
depositary receipts (or both) in a name other than that of the holder of the
Rights being exercised.

                                      -5-
<PAGE>

     (e)  Upon receipt of a Rights Certificate, with an Election to Exercise
accompanied by payment as set forth in Section 2.3(d), and subject to Sections
3.1, 5.1 and 5.10, the Rights Agent promptly will (i)(A) requisition from the
Company's transfer agent(s) stock certificates evidencing such number of shares
or other securities to be purchased (the Company hereby irrevocably authorizing
its transfer agents to comply with all such requisitions) and (B) if the Company
elects pursuant to Section 5.5 not to issue certificates representing fractional
shares, requisition from the depositary selected by the Company depositary
receipts representing the fractional shares to be purchased or requisition from
the Company the amount of cash to be paid in lieu of fractional shares in
accordance with Section 5.5 and (ii) after receipt of such certificates,
depositary receipts and/or cash, deliver the same to or upon the order of the
registered holder of such Rights Certificate, registered (in the case of
certificates or depositary receipts) in such name or names as may be designated
by such holder. In the event that the Company elects pursuant to Section 3.1(e)
to issue other securities and/or assets of the Company upon exercise of the
Rights, the Company will make all arrangements necessary so that such other
securities and/or assets of the Company are available for distribution by the
Rights Agent, if and when appropriate.

     (f)  In case the holder of any Rights shall exercise less than all the
Rights evidenced by such holder's Rights Certificate, a new Rights Certificate
evidencing the Rights remaining unexercised will be issued by the Rights Agent
to such holder or to such holder's duly authorized assigns.

     (g)  The Company covenants and agrees that it will (i) take all such action
as may be necessary to ensure that all shares delivered upon exercise of Rights
shall, at the time of delivery of the certificates for such shares (subject to
payment of the Exercise Price), be duly and validly authorized, executed, issued
and delivered and fully paid and nonassessable; (ii) take all such action as may
be necessary to comply with any applicable requirements of the Securities Act of
1933, as amended, or the Securities Exchange Act, and the rules and regulations
thereunder, and any other applicable law, rule or regulation, in connection with
the issuance of any shares upon exercise of Rights; and (iii) pay when due and
payable any and all federal and state transfer taxes and charges that may be
payable in respect of the original issuance or delivery of the Rights
Certificates or of any shares issued upon the exercise of Rights, provided that
the Company shall not be required to pay any transfer tax or charge that may be
payable in respect of any transfer involved in the transfer or delivery of
Rights Certificates or the issuance or delivery of certificates for shares in a
name other than that of the holder of the Rights being transferred or exercised.

     2.4  Adjustments to Exercise Price; Number of Rights. (a) In the event the
          -----------------------------------------------
Company shall at any time after the Record Time and prior to the Separation Time
(i) declare or pay a dividend on Common Stock payable in Common Stock, (ii)
subdivide the outstanding Common Stock, or (iii) combine the outstanding Common
Stock into a smaller number of shares of Common Stock, (x) the Exercise Price in
effect after such adjustment will be equal to the Exercise Price in effect
immediately prior to such adjustment divided by the number of shares of Common
Stock (the "Expansion Factor") that a holder of one share of Common Stock
immediately prior to such dividend, subdivision or combination would hold
thereafter as a result thereof (assuming for such purpose that the Company would
issue a fraction of a share of Common Stock, as applicable, and without giving
effect to any requirement that cash be paid in lieu of the issuance of any
fractional share interest) and (y) each Right held prior to such adjustment will
become that number of Rights equal to the Expansion Factor, and the adjusted
number of Rights will be deemed to be distributed among the shares of Common
Stock with respect to which the original Rights were associated (if they remain
outstanding) and the shares issued in respect of such dividend, subdivision or
combination, so that each such share of Common Stock will have exactly one Right
associated with it. Each adjustment made pursuant to this paragraph shall be
made as of the payment or effective date for the applicable dividend,
subdivision or combination.

     (b)  In the event the Company shall at any time after the Record Time and
prior to the Separation Time issue or distribute any securities or assets in
respect of, in lieu of or in exchange for Common Stock (other than pursuant to a
regular periodic cash dividend or a dividend paid solely in Common Stock)
whether by dividend, in a reclassification or recapitalization (including any
such transaction involving a merger, consolidation or share exchange), or
otherwise, the Company shall make such adjustments, if any, in the Exercise
Price, number of Rights and/or securities or other property purchasable upon
exercise of Rights as the Board of Directors of the Company, in its sole
discretion, may deem to be appropriate under the circumstances in order to
adequately protect the interests of the holders of Rights generally, and the
Company and the Rights Agent shall amend this Agreement as necessary to provide
for such adjustments.

                                      -6-
<PAGE>

     (c)  Each adjustment to the Exercise Price made pursuant to this Section
2.4 shall be calculated to the nearest cent. Whenever an adjustment to the
Exercise Price is made pursuant to this Section 2.4, the Company shall (i)
promptly prepare a certificate setting forth such adjustment and a brief
statement of the facts accounting for such adjustment and (ii) promptly file
with the Rights Agent and with each transfer agent for the Common Stock a copy
of such certificate. The Rights Agent shall be fully protected in relying on any
such certificate and on any adjustment therein and shall not be deemed to have
knowledge of any such adjustment unless and until it shall have received such a
certificate.

     Rights Certificates shall represent the right to purchase the
securities purchasable under the terms of this Agreement, including any
adjustment or change in the securities purchasable upon exercise of the Rights,
even though such certificates may continue to express the right to purchase the
securities purchasable at the time of issuance of the initial Rights
Certificates.

     2.5  Date on Which Exercise is Effective. Each person in whose name any
          -----------------------------------
certificate for shares is issued upon the exercise of Rights shall for all
purposes be deemed to have become the holder of record of the shares represented
thereby on the date upon which the Rights Certificate evidencing such Rights was
duly surrendered and payment of the Exercise Price for such Rights (and any
applicable taxes and other governmental charges payable by the exercising holder
hereunder) was made; provided, however, that if the date of such surrender and
payment is a date upon which the stock transfer books of the Company are closed,
such person shall be deemed to have become the record holder of such shares on,
and such certificate shall be dated, the next succeeding Business Day on which
the stock transfer books of the Company are open.

     2.6  Execution, Authentication, Delivery and Dating of Rights Certificates.
          ---------------------------------------------------------------------
(a) The Rights Certificates shall be executed on behalf of the Company by its
Chairman of the Board, Chief Executive Officer, President or one of its Vice
Presidents, under its corporate seal reproduced thereon and attested by its
Secretary or one of its Assistant Secretaries. The signature of any of these
officers on the Rights Certificates may be manual or facsimile.

     Rights Certificates bearing the manual or facsimile signatures of
individuals who were at the time of such signature the proper officers of the
Company shall bind the Company, notwithstanding that such individuals or any of
them have ceased to hold such offices prior to the countersignature and delivery
of such Rights Certificates.

     Promptly after the Separation Time, the Company will notify the Rights
Agent of such Separation Time and will deliver Rights Certificates executed by
the Company to the Rights Agent for countersignature, and, subject to Section
3.1(b), an authorized signatory of the Rights Agent shall manually countersign
and deliver such Rights Certificates to the holders of the Rights pursuant to
Section 2.3(c). No Rights Certificate shall be valid for any purpose unless
manually countersigned by an authorized signatory of the Rights Agent.

     (b)  Each Rights Certificate shall be dated the date of countersignature
thereof.

     2.7  Registration, Registration of Transfer and Exchange. (a) After the
          ---------------------------------------------------
Separation Time, the Company will cause to be kept a register (the "Rights
Register") in which, subject to such reasonable regulations as it may prescribe,
the Company will provide for the registration and transfer of Rights. The Rights
Agent is hereby appointed "Rights Registrar" for the purpose of maintaining the
Rights Register for the Company and registering Rights and transfers of Rights
after the Separation Time as herein provided. In the event that the Rights Agent
shall cease to be the Rights Registrar, the Rights Agent will have the right to
examine the Rights Register at all reasonable times after the Separation Time.

     After the Separation Time and prior to the Expiration Time, upon surrender
for registration of transfer or exchange of any Rights Certificate, and subject
to the provisions of this Section 2.7(a) and Sections 2.7(c) and 2.7(d), the
Company will execute and the Rights Agent will countersign and deliver, in the
name of the holder or the designated transferee or transferees, as required
pursuant to the holder's instructions, one or more new Rights Certificates
evidencing the same aggregate number of Rights as did the Rights Certificate so
surrendered.

                                      -7-
<PAGE>

     (b)  Except as otherwise provided in Section 3.1(b), all Rights issued
upon any registration of transfer or exchange of Rights Certificates shall be
the valid obligations of the Company, and such Rights shall be entitled to the
same benefits under this Agreement as the Rights surrendered upon such
registration of transfer or exchange.

     (c)  Every Rights Certificate surrendered for registration of transfer or
exchange shall be duly endorsed, or be accompanied by a written instrument of
transfer in form satisfactory to the Company or the Rights Agent, as the case
may be, duly executed by the holder thereof or such holder's attorney duly
authorized in writing. Neither the Rights Agent nor the Company shall be
obligated to take any action whatsoever with respect to the transfer of any such
surrendered Rights Certificates until the registered holder shall have completed
and signed the certificate contained in the form of assignment on the reverse
side of such Rights Certificate and shall have provided such additional evidence
of the identity of the Beneficial Owner (or former Beneficial Owner) thereof, or
the Affiliates or Associates of such Beneficial Owner (or former Beneficial
Owner), as the Company shall reasonably request. As a condition to the issuance
of any new Rights Certificate under this Section 2.7, the Company may require
the payment of a sum sufficient to cover any tax or other governmental charge
that may be imposed in relation thereto.

     (d)  The Company shall not be required to register the transfer or exchange
of any Rights after such Rights have become void under Section 3.1(b), been
exchanged under Section 3.1(c) or been redeemed under Section 5.1.

     2.8  Mutilated, Destroyed, Lost and Stolen Rights Certificates. (a) If any
          ---------------------------------------------------------
mutilated Rights Certificate is surrendered to the Rights Agent prior to the
Expiration Time, then, subject to Sections 3.1(b), 3.1(c) and 5.1, the Company
shall execute and the Rights Agent shall countersign and deliver in exchange
therefor a new Rights Certificate evidencing the same number of Rights as did
the Rights Certificate so surrendered.

     (b)  If there shall be delivered to the Company and the Rights Agent prior
to the Expiration Time (i) evidence to their satisfaction of the destruction,
loss or theft of any Rights Certificate and (ii) such security or indemnity as
may be required by them to save each of them and any of their agents harmless,
then, subject to Sections 3.1(b), 3.1(c) and 5.1 and in the absence of notice to
the Company or the Rights Agent that such Rights Certificate has been acquired
by a bona fide purchaser, the Company shall execute and upon its request the
Rights Agent shall countersign and deliver, in lieu of any such destroyed, lost
or stolen Rights Certificate, a new Rights Certificate evidencing the same
number of Rights as did the Rights Certificate so destroyed, lost or stolen.

     (c)  As a condition to the issuance of any new Rights Certificate under
this Section 2.8, the Company may require the payment of a sum sufficient to
cover any tax or other governmental charge that may be imposed in relation
thereto and any other expenses (including the fees and expenses of the Rights
Agent) connected therewith.

     (d)  Every new Rights Certificate issued pursuant to this Section 2.8 in
lieu of any destroyed, lost or stolen Rights Certificate shall evidence an
original additional contractual obligation of the Company, whether or not the
destroyed, lost or stolen Rights Certificate shall be at any time enforceable by
anyone, and, subject to Section 3.1(b), shall be entitled to all the benefits of
this Agreement equally and proportionately with any and all other Rights duly
issued hereunder.

     2.9  Persons Deemed Owners. Prior to due presentment of a Rights
          ---------------------
Certificate (or, prior to the Separation Time, the associated Common Stock
certificate) for registration of transfer, the Company, the Rights Agent and any
agent of the Company or the Rights Agent may deem and treat the person in whose
name such Rights Certificate (or, prior to the Separation Time, such Common
Stock certificate) is registered as the absolute owner thereof and of the Rights
evidenced thereby for all purposes whatsoever, and neither the Company nor the
Rights Agent shall be affected by any notice to the contrary. As used in this
Agreement, unless the context otherwise requires, the term "holder" of any
Rights shall mean the registered holder of such Rights (or, prior to the
Separation Time, the associated shares of Common Stock).

     2.10 Delivery and Cancellation of Certificates. All Rights Certificates
          -----------------------------------------
surrendered upon exercise or for registration of transfer or exchange shall, if
surrendered to any Person other than the Rights Agent, be delivered to the
Rights Agent and, in any case, shall be promptly canceled by the Rights Agent.

                                      -8-
<PAGE>

The Company may at any time deliver to the Rights Agent for cancellation any
Rights Certificates previously countersigned and delivered hereunder which the
Company may have acquired in any manner whatsoever, and all Rights Certificates
so delivered shall be promptly canceled by the Rights Agent. No Rights
Certificates shall be countersigned in lieu of or in exchange for any Rights
Certificates canceled as provided in this Section 2.10, except as expressly
permitted by this Agreement. The Rights Agent shall return all canceled Rights
Certificates to the Company.

     2.11 Agreement of Rights Holders. Every holder of a Right by accepting the
          ---------------------------
same consents and agrees with the Company and the Rights Agent and with every
other holder of a Right that:

     (a)  prior to the Separation Time, each Right will be transferable only
together with, and will be transferred by a transfer of, the associated share of
Common Stock;

     (b)  after the Separation Time, the Rights Certificates will be
transferable only on the Rights Register as provided herein;

     (c)  prior to due presentment of a Rights Certificate (or, prior to the
Separation Time, the associated Common Stock certificate) for registration of
transfer, the Company, the Rights Agent and any agent of the Company or the
Rights Agent may deem and treat the person in whose name the Rights Certificate
(or, prior to the Separation Time, the associated Common Stock certificate) is
registered as the absolute owner thereof and of the Rights evidenced thereby for
all purposes whatsoever, and neither the Company nor the Rights Agent shall be
affected by any notice to the contrary;

     (d)  Rights beneficially owned by certain Persons will, under the
circumstances set forth in Section 3.1(b), become void;

     (e)  this Agreement may be supplemented or amended from time to time
pursuant to Section 2.4(b) or 5.4; and

     (f)  notwithstanding anything in this Agreement to the contrary, neither
the Company nor the Rights Agent shall have any liability to any holder of a
Right or other Person as a result of the Rights Agent's inability to perform any
of its obligations under this Agreement by reason of any preliminary or
permanent injunction or other order, decree or ruling issued by a court of
competent jurisdiction or by a governmental, regulatory or administrative agency
or commission, or any statute, rule, regulation or executive order promulgated
or enacted by any governmental authority, prohibiting or otherwise restraining
performance of such obligation; provided, however, the Company must use its best
efforts to have any such order, decree or ruling lifted or otherwise overturned
as soon as possible.

                                  ARTICLE III

                         ADJUSTMENTS TO THE RIGHTS IN
                       THE EVENT OF CERTAIN TRANSACTIONS
                       ---------------------------------
     3.1  Flip-In. (a) In the event that prior to the Expiration Time a Flip-In
          -------
Date shall occur, except as provided in this Section 3.1, each Right shall
constitute the right to purchase from the Company, upon exercise thereof in
accordance with the terms hereof (but subject to Section 5.10), that number of
shares of Common Stock having an aggregate Market Price on the Stock Acquisition
Date equal to twice the Exercise Price for an amount in cash equal to the
Exercise Price (such right to be appropriately adjusted in order to protect the
interests of the holders of Rights generally in the event that on or after such
Stock Acquisition Date an event of a type analogous to any of the events
described in Section 2.4(a) or (b) shall have occurred with respect to the
Common Stock).

     (b)  Notwithstanding the foregoing, any Rights that are or were
Beneficially Owned on or after the Stock Acquisition Date by an Acquiring Person
or an Affiliate or Associate thereof or by any transferee, direct or indirect,
of any of the foregoing shall become void and any holder of such Rights
(including transferees) shall thereafter have no right to exercise or transfer
such Rights under any provision of this Agreement. If any Rights Certificate is
presented for assignment or exercise and the Person presenting the same will not
complete the

                                      -9-
<PAGE>

certification set forth at the end of the form of assignment or notice of
election to exercise and provide such additional evidence of the identity of the
Beneficial Owner and its Affiliates and Associates (or former Beneficial Owners
and their Affiliates and Associates) as the Company shall reasonably request,
then the Company shall be entitled conclusively to deem the Beneficial Owner
thereof to be an Acquiring Person or an Affiliate or Associate thereof or a
transferee of any of the foregoing and accordingly will deem the Rights
evidenced thereby to be void and not transferable or exercisable.

     (c)  The Board of Directors of the Company may, at its option, at any time
after a Flip-In Date and prior to the time that an Acquiring Person becomes the
Beneficial Owner of more than 50% of the outstanding shares of Common Stock,
elect to exchange all (but not less than all) the then-outstanding Rights (other
than Rights that have become void pursuant to the provisions of Section 3.1(b))
for shares of Common Stock at an exchange ratio of one share of Common Stock per
Right (appropriately adjusted in order to protect the interests of holders of
Rights generally in the event that after the Separation Time an event of a type
analogous to any of the events described in Section 2.4(a) or (b) shall have
occurred with respect to the Common Stock) (such exchange ratio, as adjusted
from time to time, being hereinafter referred to as the "Exchange Ratio").

     Immediately upon the action of the Board of Directors of the Company
electing to exchange the Rights, without any further action and without any
notice, the right to exercise the Rights will terminate and each Right (other
than Rights that have become void pursuant to Section 3.1(b)) will thereafter
represent only the right to receive a number of shares of Common Stock equal to
the Exchange Ratio. Promptly after the action of the Board of Directors of the
Company electing to exchange the Rights, the Company shall give notice thereof
(specifying the steps to be taken to receive shares of Common Stock in exchange
for Rights) to the Rights Agent and the holders of the Rights (other than Rights
that have become void pursuant to Section 3.1(b)) outstanding immediately prior
thereto by mailing such notice in accordance with Section 5.9.

     Each Person in whose name any certificate for shares is issued upon the
exchange of Rights pursuant to this Section 3.1(c) or Section 3.1(e) shall for
all purposes be deemed to have become the holder of record of the shares
represented thereby on, and such certificate shall be dated, the date upon which
the Rights Certificate evidencing such Rights was duly surrendered and payment
of any applicable taxes and other governmental charges payable by the holder was
made; provided, however, that if the date of such surrender and payment is a
date upon which the stock transfer books of the Company are closed, such Person
shall be deemed to have become the record holder of such shares on, and such
Certificate shall be dated, the next succeeding Business Day on which the stock
transfer books of the Company are open.

     (d)  Whenever the Company shall become obligated under Section 3.1(a) or
(c) to issue shares of Common Stock upon exercise of or in exchange for Rights,
the Company, at its option, may substitute therefor shares of Preferred Stock,
at a ratio of one thousandth (1/1000th) of a share of Preferred Stock for each
share of Common Stock so issuable.

     (e)  In the event that there shall not be sufficient treasury shares or
authorized but unissued shares of Common Stock or Preferred Stock of the Company
to permit the exercise or exchange in full of the Rights in accordance with
Section 3.1(a) or (c), the Company shall either (i) call a meeting of
shareholders seeking approval to cause sufficient additional shares to be
authorized (provided that if such approval is not obtained the Company will take
the action specified in clause (ii) of this sentence) or (ii) take such action
as shall be necessary to ensure and provide, to the extent permitted by
applicable law and any agreements or instruments in effect on the Stock
Acquisition Date to which it is a party, that each Right shall thereafter
constitute the right to receive, (x) at the Company's option, either (A) in
return for the Exercise Price, cash, debt or equity securities or other assets
(or a combination thereof) having a fair value equal to twice the Exercise
Price, or (B) without payment of consideration (except as otherwise required by
applicable law), cash, debt or equity securities or other assets (or a
combination thereof) having a fair value equal to the Exercise Price, or (y) if
the Board of Directors of the Company elects to exchange the Rights in
accordance with Section 3.1(c), debt or equity securities or other assets (or a
combination thereof) having a fair value equal to the product of the Market
Price of a share of Common Stock on the Flip-In Date times the Exchange Ratio in
effect on the Flip-In Date, where in any case set forth in (x) or (y) above the
fair value of such debt or equity securities or other assets shall be as
determined in good faith by the Board of Directors of the Company, after
consultation with a nationally recognized investment banking firm.

                                      -10-
<PAGE>

     3.2   Flip-Over. (a) Prior to the Expiration Time, the Company shall not
           ---------
enter into any agreement with respect to, consummate or permit to occur any
Flip-Over Transaction or Event unless and until it shall have entered into a
supplemental agreement with the Flip-Over Entity, for the benefit of the holders
of the Rights (other than holders of Rights that have become void pursuant to
Section 3.1(b)), providing that, upon consummation or occurrence of the
Flip-Over Transaction or Event (i) each Right (other than Rights that have
become void pursuant to Section 3.1(b)) shall thereafter constitute the right to
purchase from the Flip-Over Entity, upon exercise thereof in accordance with the
terms hereof, that number of shares of Flip-Over Stock of the Flip-Over Entity
having an aggregate Market Price on the date of consummation or occurrence of
such Flip-Over Transaction or Event equal to twice the Exercise Price for an
amount in cash equal to the Exercise Price (such right to be appropriately
adjusted in order to protect the interests of the holders of Rights generally
(other than holders of Rights that have become void pursuant to Section 3.1(b))
in the event that after such date of consummation or occurrence an event of a
type analogous to any of the events described in Section 2.4(a) or (b) shall
have occurred with respect to the Flip-Over Stock) and (ii) the Flip-Over Entity
shall thereafter be liable for, and shall assume, by virtue of such Flip-Over
Transaction or Event and such supplemental agreement, all the obligations and
duties of the Company pursuant to this Agreement. The provisions of this Section
3.2 shall apply to successive Flip-Over Transactions or Events.

     (b)   Prior to the Expiration Time, unless the Rights will be redeemed
pursuant to Section 5.1 in connection therewith, the Company shall not enter
into any agreement with respect to, consummate or permit to occur any Flip-Over
Transaction or Event if at the time thereof there are any rights, warrants or
securities outstanding or any other arrangements, agreements or instruments that
would eliminate or otherwise diminish in any material respect the benefits
intended to be afforded by this Rights Agreement to the holders of Rights upon
consummation of such transaction.

                                   ARTICLE IV

                                THE RIGHTS AGENT
                                ----------------

     4.1   General. (a) The Company hereby appoints the Rights Agent to act as
           -------
agent for the Company in accordance with the terms and conditions hereof, and
the Rights Agent hereby accepts such appointment. The Company agrees to pay to
the Rights Agent reasonable compensation for all services rendered by it
hereunder and, from time to time, on demand of the Rights Agent, its reasonable
expenses and counsel fees and other disbursements incurred in the administration
and execution of this Agreement and the exercise and performance of its duties
hereunder. The Company also agrees to indemnify the Rights Agent, its directors,
officers, employees and agents for, and to hold each of them harmless against,
any loss, liability, or expense, incurred without gross negligence, bad faith or
willful misconduct on the part of the Rights Agent or such other indemnified
party, for anything done or suffered or omitted to be done by the Rights Agent
in connection with the acceptance and administration of this Agreement or the
exercise or performance of its duties hereunder, including the costs and
expenses of defending against any claim of liability. The indemnity provided in
this Section 4.1(a) shall survive the expiration of the Rights and the
termination of this Agreement.

     (b)   The Rights Agent shall be fully protected and shall incur no
liability for or in respect of any action taken, suffered or omitted by it in
connection with its administration of this Agreement or the exercise or
performance of its duties hereunder in reliance upon any certificate for
securities purchasable upon exercise of Rights, Rights Certificate, certificate
for other securities of the Company, instrument of assignment or transfer, power
of attorney, endorsement, affidavit, letter, notice, direction, consent,
certificate, statement, or other paper or document believed by it to be genuine
and to be signed, executed and, where necessary, verified or acknowledged, by
the proper person or persons.

     4.2   Merger or Consolidation or Change of Name of Rights Agent. (a) Any
           ---------------------------------------------------------
Person into which the Rights Agent or any successor Rights Agent may be merged
or with which it may be consolidated, or any corporation resulting from any
merger or consolidation to which the Rights Agent or any successor Rights Agent
is a party, or any corporation succeeding to the shareholder services business
of the Rights Agent or any successor Rights Agent, will be the successor to the
Rights Agent under this Agreement without the execution or filing of any paper
or any further act on the part of any of the parties hereto, provided that such
Person would be eligible for appointment as a successor Rights Agent under the
provisions of Section 4.4. In case at the time such successor Rights Agent

                                      -11-
<PAGE>

succeeds to the agency created by this Agreement any of the Rights Certificates
have been countersigned but not delivered, any such successor Rights Agent may
adopt the countersignature of the predecessor Rights Agent and deliver such
Rights Certificates so countersigned; and in case at that time any of the Rights
Certificates have not been countersigned, any successor Rights Agent may
countersign such Rights Certificates either in the name of the predecessor
Rights Agent or in the name of the successor Rights Agent; and in all such cases
such Rights Certificates will have the full force provided in the Rights
Certificates and in this Agreement.

     (b)   In case at any time the name of the Rights Agent is changed and at
such time any of the Rights Certificates shall have been countersigned but not
delivered, the Rights Agent may adopt the countersignature under its prior name
and deliver Rights Certificates so countersigned; and in case at that time any
of the Rights Certificates shall not have been countersigned, the Rights Agent
may countersign such Rights Certificates either in its prior name or in its
changed name; and in all such cases such Rights Certificates shall have the full
force provided in the Rights Certificates and in this Agreement.

     4.3   Duties of Rights Agent. The Rights Agent undertakes the duties and
           ----------------------
obligations imposed by this Agreement upon the following terms and conditions,
by all of which the Company and the holders of Rights Certificates, by their
acceptance thereof, shall be bound:

     (a)   The Rights Agent may consult with legal counsel (who may be legal
counsel for the Company), and the advice or opinion of such counsel will be full
and complete authorization and protection to the Rights Agent as to any action
taken, suffered or omitted by it in good faith and in accordance with such
advice or opinion.

     (b)   Whenever in the performance of its duties under this Agreement the
Rights Agent deems it necessary or desirable that any fact or matter be proved
or established by the Company prior to taking or suffering any action hereunder,
such fact or matter (unless other evidence in respect thereof be herein
specifically prescribed) may be deemed to be conclusively proved and established
by a certificate signed by a person believed by the Rights Agent to be the
Chairman of the Board, the Chief Executive Officer, the President or any Vice
President, the Chief Financial Officer, the Treasurer or any Assistant Treasurer
or the Secretary or any Assistant Secretary of the Company and delivered to the
Rights Agent; and such certificate will be full authorization to the Rights
Agent for any action taken, suffered or omitted in good faith by it under the
provisions of this Agreement in reliance upon such certificate.

     (c)   The Rights Agent will be liable hereunder only for its own gross
negligence, bad faith or willful misconduct.

     (d)   The Rights Agent will not be liable for or by reason of any of the
statements of fact or recitals contained in this Agreement or in the
certificates for securities purchasable upon exercise of Rights or the Rights
Certificates (except its countersignature thereof) or be required to verify the
same, but all such statements and recitals are and will be deemed to have been
made by the Company only.

     (e)   The Rights Agent will not be under any responsibility in respect of
the validity of any provision of this Agreement or the execution and delivery
hereof (except the due authorization, execution and delivery hereof by the
Rights Agent) or in respect of the validity or execution of any certificate for
securities purchasable upon exercise of Rights or Rights Certificate (except its
countersignature thereof); nor will it be responsible for any breach by the
Company of any covenant or condition contained in this Agreement or in any
Rights Certificate; nor will it be responsible for any change in the
exercisability of the Rights (including the Rights becoming void pursuant to
Section 3.1(b)) or any adjustment required under any provision of this Agreement
or responsible for the manner, method or amount of any such adjustment or the
ascertaining of the existence of facts that would require any such adjustment
(except with respect to the exercise of Rights after receipt of the certificate
contemplated by Section 2.4 describing any such adjustment); nor will it by any
act hereunder be deemed to make any representation or warranty as to the
authorization or reservation of any securities purchasable upon exercise of
Rights or any Rights or as to whether any securities purchasable upon exercise
of Rights will, when issued, be duly and validly authorized, executed, issued
and delivered and fully paid and nonassessable.

                                      -12-
<PAGE>

     (f)   The Company agrees that it will perform, execute, acknowledge and
deliver or cause to be performed, executed, acknowledged and delivered all such
further and other acts, instruments and assurances as may reasonably be required
by the Rights Agent for the carrying out or performing by the Rights Agent of
the provisions of this Agreement.

     (g)   The Rights Agent is hereby authorized and directed to accept
instructions with respect to the performance of its duties hereunder from any
person believed by the Rights Agent to be the Chairman of the Board, the Chief
Executive Officer, the President, the Chief Financial Officer, or any Vice
President or the Secretary or any Assistant Secretary or the Treasurer or any
Assistant Treasurer of the Company, and to apply to such persons for advice or
instructions in connection with its duties, and it shall not be liable for any
action taken, suffered or omitted by it in good faith in accordance with
instructions of any such person, or for any delay in acting while awaiting
instructions. Any application by the Rights Agent for written instructions from
the Company may, at the option of the Rights Agent, set forth in writing any
action proposed to be taken, suffered or omitted by the Rights Agent under this
Agreement and the date on or after which such action shall be taken or such
omission shall be effective. The Rights Agent shall not be liable for any action
taken by, or omission of, the Rights Agent in accordance with a proposal
included in any such application on or after the date specified in such
application (which date shall not be less than five Business Days after the date
any officer of the Company actually receives such application, unless any such
officer shall have consented in writing to an earlier date) unless, prior to
taking any such action (or the effective date in the case of an omission), the
Rights Agent shall have received written instructions in response to such
application specifying the action to be taken, suffered or omitted.

     (h)   The Rights Agent and any shareholder, director, officer or employee
of the Rights Agent may buy, sell or deal in Common Stock, Rights or other
securities of the Company or become pecuniarily interested in any transaction in
which the Company may be interested, or contract with or lend money to the
Company or otherwise act as fully and freely as though it were not Rights Agent
under this Agreement. Nothing herein shall preclude the Rights Agent from acting
in any other capacity for the Company or for any other Person.

     (i)   The Rights Agent may execute and exercise any of the rights or powers
hereby vested in it or perform any duty hereunder either itself or by or through
its attorneys or agents, and the Rights Agent will not be answerable or
accountable for any act, default, neglect or misconduct of any such attorneys or
agents or for any loss to the Company resulting from any such act, default,
neglect or misconduct, provided the Rights Agent was not grossly negligent in
the selection and continued employment thereof.

     (j)   The Rights Agent undertakes only the express duties and obligations
imposed on it by this Agreement and no implied duties or obligations shall be
read into this Agreement against the Rights Agent.

     (k)   Anything in this Agreement to the contrary notwithstanding, in no
event shall the Rights Agent be liable for special, indirect or consequential
loss or damage of any kind whatsoever (including but not limited to lost
profits).

     (l)   No provision of this Agreement shall require the Rights Agent to
expend or risk its own funds or otherwise incur any financial liability in the
performance of any of its duties hereunder or in the exercise of its rights if
there shall be reasonable grounds for believing that repayment of such funds or
adequate indemnification against such risk or liability is not reasonably
assured to it.

     4.4   Change of Rights Agent. The Rights Agent may resign and be discharged
           ----------------------
from its duties under this Agreement upon 90 days notice (or such lesser notice
as is acceptable to the Company) in writing mailed to the Company and to each
transfer agent of Common Stock by registered or certified mail, and to the
holders of the Rights in accordance with Section 5.9. The Company may remove the
Rights Agent upon 30 days notice in writing, mailed to the Rights Agent and to
each transfer agent of the Common Stock by registered or certified mail, and to
the holders of the Rights in accordance with Section 5.9. If the Rights Agent
should resign or be removed or otherwise become incapable of acting, the Company
will appoint a successor to the Rights Agent. If the Company fails to make such
appointment within a period of 30 days after such removal or after it has been
notified in writing of such resignation or incapacity by the resigning or
incapacitated Rights Agent or by the holder of any Rights (which holder shall,
with such notice, submit such holder's Rights Certificate for inspection by the
Company), then the holder of

                                      -13-
<PAGE>

any Rights may apply to any court of competent jurisdiction for the appointment
of a new Rights Agent. Any successor Rights Agent, whether appointed by the
Company or by such a court, shall be (a) a corporation organized and doing
business under the laws of the United States or of the State of Georgia or any
other State of the United States, in good standing, which is authorized under
such laws to exercise the powers of the Rights Agent contemplated by this
Agreement and is subject to supervision or examination by federal or state
authority and which has at the time of its appointment as Rights Agent a
combined capital and surplus of at least $100,000,000 or (b) an Affiliate of a
corporation described in the immediately preceding clause (a). After
appointment, the successor Rights Agent will be vested with the same powers,
rights, duties and responsibilities as if it had been originally named as Rights
Agent without further act or deed; but the predecessor Rights Agent shall
deliver and transfer to the successor Rights Agent any property at the time held
by it hereunder, and execute and deliver any further assurance, conveyance, act
or deed necessary for the purpose. Not later than the effective date of any such
appointment, the Company will file notice thereof in writing with the
predecessor Rights Agent and each transfer agent of the Common Stock, and mail a
notice thereof in writing to the holders of the Rights. Failure to give any
notice provided for in this Section 4.4, however, or any defect therein, shall
not affect the legality or validity of the resignation or removal of the Rights
Agent or the appointment of the successor Rights Agent, as the case may be.

                                    ARTICLE V

                                  MISCELLANEOUS
                                  -------------

     5.1   Redemption. (a) The Board of Directors of the Company may, at its
           ----------
option, at any time prior to the close of business on the Flip-In Date elect to
redeem all (but not less than all) of the then outstanding Rights at the
Redemption Price and the Company, at its option, may pay the Redemption Price,
either in cash or shares of Common Stock or other securities of the Company
deemed by the Board of Directors of the Company, in the exercise of its sole
discretion, to be at least equivalent in value to the Redemption Price.

     (b)   Immediately upon the action of the Board of Directors of the Company
electing to redeem the Rights (or, if the resolution of the Board of Directors
of the Company electing to redeem the Rights states that the redemption will not
be effective until the occurrence of a specified future time or event, upon the
occurrence of such future time or event), without any further action and without
any notice, the right to exercise the Rights will terminate and each Right will
thereafter represent only the right to receive the Redemption Price in cash or
securities,m as determined by the Board of Directors. Promptly after the Rights
are redeemed, the Company shall give notice of such redemption to the Rights
Agent and the holders of the then outstanding Rights by mailing such notice in
accordance with Section 5.9.

     5.2   Expiration. The Rights and this Agreement shall expire at the
           ----------
Expiration Time and no Person shall have any rights pursuant to this Agreement
or any Right after the Expiration Time, except, if the Rights are exchanged, as
provided in Section 3.1.

     5.3    Issuance of New Rights Certificates. Notwithstanding any of the
            -----------------------------------
provisions of this Agreement or of the Rights to the contrary, the Company may,
at its option, issue new Rights Certificates evidencing Rights in such form as
may be approved by its Board of Directors to reflect any adjustment or change in
the number or kind or class of shares of stock purchasable upon exercise of
Rights made in accordance with the provisions of this Agreement. In addition, in
connection with the issuance or sale of shares of Common Stock by the Company
following the Separation Time and prior to the Redemption Time or Expiration
Time pursuant to the terms of securities convertible or redeemable into shares
of Common Stock or to options, in each case issued or granted prior to, and
outstanding at, the Separation Time, the Company shall issue to the holders of
such shares of Common Stock, Rights Certificates representing the appropriate
number of Rights in connection with the issuance or sale of such shares of
Common Stock; provided, however, in each case, (i) no such Rights Certificate
shall be issued, if, and to the extent that, the Company shall be advised by
counsel that such issuance would create a significant risk of material adverse
tax consequences to the Company or to the Person to whom such Rights
Certificates would be issued, (ii) no such Rights Certificates shall be issued
if, and to the extent that, appropriate adjustment shall have otherwise been
made in lieu of the issuance thereof, and (iii) the Company shall have no
obligation to distribute Rights Certificates to any Acquiring Person or
Affiliate or Associate of an Acquiring Person or any transferee of any of the
foregoing.

                                      -14-
<PAGE>

     5.4   Supplements and Amendments. The Company and the Rights Agent may
           --------------------------
from time to time supplement or amend this Agreement without the approval of any
holders of Rights (i) prior to the Close of Business on the Flip-In Date, in any
respect and (ii) after the Close of Business on the Flip-In Date, to make any
changes that the Company may deem necessary or desirable and that shall not
materially adversely affect the interests of the holders of Rights generally
(other than an Acquiring Person or an Affiliate or an Associate of an Acquiring
Person) or in order to cure any ambiguity or to correct or supplement any
provision contained herein that may be inconsistent with any other provisions
herein or otherwise defective. The Rights Agent will duly execute and deliver
any supplement or amendment hereto requested by the Company upon receipt of a
certificate from the Company that such supplement or amendment satisfies the
terms of the preceding sentence. Notwithstanding anything contained in this
Agreement to the contrary, no supplement or amendment that changes the rights
and duties of the Rights Agent under this Agreement shall be effective without
the consent of the Rights Agent.

     5.5   Fractional Shares. If the Company elects not to issue certificates
           -----------------
representing fractional shares upon exercise of Rights, the Company shall, in
lieu thereof, in the sole discretion of the Board of Directors, either (a)
evidence such fractional shares by depositary receipts issued pursuant to an
appropriate agreement between the Company and a depositary selected by it,
providing that each holder of a depositary receipt shall have all of the rights,
privileges and preferences to which such holder would be entitled as a
beneficial owner of such fractional share, or (b) sell such shares on behalf of
the holders of Rights and pay to the registered holder of such Rights the
appropriate fraction of price per share received upon such sale.

     5.6   Rights of Action. Subject to the terms of this Agreement (including
           ----------------
Section 3.1(b)), rights of action in respect of this Agreement, other than
rights of action vested solely in the Rights Agent, are vested in the respective
holders of the Rights; and any holder of any Rights, without the consent of the
Rights Agent or of the holder of any other Rights, may, on such holder's own
behalf and for such holder's own benefit and the benefit of other holders of
Rights, enforce, and may institute and maintain any suit, action or proceeding
against the Company to enforce, or otherwise act in respect of, such holder's
right to exercise such holder's Rights in the manner provided in such holder's
Rights Certificate and in this Agreement. Without limiting the foregoing or any
remedies available to the holders of Rights, it is specifically acknowledged
that the holders of Rights would not have an adequate remedy at law for any
breach of this Agreement and will be entitled to specific performance of the
obligations under, and injunctive relief against actual or threatened violations
of, the obligations of any Person subject to this Agreement.

     5.7   Holder of Rights Not Deemed a Shareholder. No holder, as such, of any
           -----------------------------------------
Rights shall be entitled to vote, receive dividends or be deemed for any purpose
the holder of shares or any other securities which may at any time be issuable
on the exercise of such Rights, nor shall anything contained herein or in any
Rights Certificate be construed to confer upon the holder of any Rights, as
such, any of the rights of a shareholder of the Company or any right to vote for
the election of directors or upon any matter submitted to shareholders at any
meeting thereof, or to give or withhold consent to any corporate action, or to
receive notice of meetings or other actions affecting shareholders (except as
provided in Section 5.8), or to receive dividends or subscription rights, or
otherwise, until such Rights shall have been exercised or exchanged in
accordance with the provisions hereof.

     5.8   Notice of Proposed Actions. In case the Company shall propose after
           --------------------------
the Separation Time and prior to the Expiration Time (i) to effect or permit
occurrence of any Flip-Over Transaction or Event or (ii) to effect the
liquidation, dissolution or winding up of the Company, then, in each such case,
the Company shall give to each holder of a Right, in accordance with Section
5.9, a notice of such proposed action, which shall specify the date on which
such Flip-Over Transaction or Event, liquidation, dissolution, or winding up is
to take place, and such notice shall be so given at least 20 Business Days prior
to the date of the taking of such proposed action.

     5.9   Notices. Notices or demands authorized or required by this Agreement
           -------
to be given or made by the Rights Agent or by the holder of any Rights to or on
the Company shall be sufficiently given or made if delivered or sent by first-
class mail, postage prepaid, addressed (until another address is filed in
writing with the Rights Agent) as follows:

                                      -15-
<PAGE>

         Global Payments Inc.
         Four Corporate Square
         Atlanta, Georgia  30329
         Attention: Secretary

         Any notice or demand authorized or required by this Agreement to be
given or made by the Company or by the holder of any Rights to or on the Rights
Agent shall be sufficiently given or made if delivered or sent by first-class
mail, postage prepaid, addressed (until another address is filed in writing with
the Company) as follows:

         SunTrust Bank, Atlanta
         P.O. Box 4625
         Atlanta, Georgia 30302-4625
         Attention:  Department Manager

         Notices or demands authorized or required by this Agreement to be given
or made by the Company or the Rights Agent to or on the holder of any Rights
shall be sufficiently given or made if delivered or sent by first-class mail,
postage prepaid, addressed to such holder at the address of such holder as it
appears upon the registry books of the Rights Agent or, prior to the Separation
Time, on the registry books of the transfer agent for the Common Stock. Any
notice that is mailed in the manner herein provided shall be deemed given on the
third Business Day after mailing, whether or not the holder receives the notice.
Failure to give a notice pursuant to the provisions of this Agreement shall not
affect the validity of any action taken hereunder.

         5.10  Suspension of Exercisability. To the extent that the Company
               ----------------------------
determines in good faith that some action will or need be taken pursuant to
Section 2.3(g) or Section 3.1 or otherwise to comply with federal or state
securities laws, the Company may suspend the exercisability of the Rights for 90
days and any additional period that may be reasonable in order to take such
action or comply with such laws. In the event of any such suspension, the
Company shall issue as promptly as practicable a public announcement stating
that the exercisability or exchangeability of the Rights has been temporarily
suspended. Notice thereof pursuant to Section 5.9 shall not be required.

         5.11  Costs of Enforcement. The Company agrees that if the Company or
               --------------------
any other Person the securities of which are purchasable upon exercise of Rights
fails to fulfill any of its obligations pursuant to this Agreement, then the
Company or such Person will reimburse the holder of any Rights for the costs and
expenses (including legal fees) incurred by such holder in actions to enforce
such holder's rights pursuant to any Rights or this Agreement.

         5.12  Successors. All the covenants and provisions of this Agreement by
               ----------
or for the benefit of the Company or the Rights Agent shall bind and inure to
the benefit of their respective successors and assigns hereunder.

         5.13  Benefits of this Agreement. Nothing in this Agreement shall be
               --------------------------
construed to give to any Person other than the Company, the Rights Agent and the
holders of the Rights any legal or equitable right, remedy or claim under this
Agreement and this Agreement shall be for the sole and exclusive benefit of the
Company, the Rights Agent and the holders of the Rights.

         5.14  Determination and Actions by the Board of Directors, etc. The
               --------------------------------------------------------
Board of Directors of the Company shall have the exclusive power and authority
to administer this Agreement and to exercise all rights and powers specifically
granted to the Board of Directors of the Company or to the Company, or as may be
necessary or advisable in the administration of this Agreement, including,
without limitation, the right and power to (i) interpret the provisions of this
Agreement and (ii) make all determinations deemed necessary or advisable for the
administration of this Agreement. All such actions, calculations,
interpretations and determinations (including, for purposes of clause (y) below,
all omissions with respect to the foregoing) which are done or made by the Board
of Directors of the Company, in good faith, shall (x) be final, conclusive and
binding on the Company, the Rights Agent, the holders of the Rights and all
other parties, and (y) not subject the Board of Directors of the Company to any
liability to the holders of the Rights.

                                      -16-
<PAGE>

         5.15    Descriptive Headings. Descriptive headings appear herein for
                 --------------------
convenience only and shall not control or affect the meaning or construction of
any of the provisions hereof.

         5.16    Governing Law. THIS AGREEMENT AND EACH RIGHT ISSUED HEREUNDER
                 -------------
SHALL BE DEEMED TO BE A CONTRACT MADE UNDER THE LAWS OF THE STATE OF GEORGIA AND
FOR ALL PURPOSES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS
OF SUCH STATE APPLICABLE TO CONTRACTS TO BE MADE AND PERFORMED ENTIRELY WITHIN
SUCH STATE.

         5.17    Counterparts. This Agreement may be executed in any number of
                 ------------
counterparts and each of such counterparts shall for all purposes be deemed to
be an original, and all such counterparts shall together constitute but one and
the same instrument.

         5.18    Severability. If any term or provision of this Agreement or the
                 ------------
application thereof to any circumstance shall, in any jurisdiction and to any
extent, be invalid or unenforceable, such term or provision shall be ineffective
as to such jurisdiction to the extent of such invalidity or unenforceability
without invalidating or rendering unenforceable the remaining terms and
provisions hereof or the application of such term or provision to circumstances
other than those as to which it is held invalid or unenforceable.

                     [SIGNATURES APPEAR ON FOLLOWING PAGE]

                                      -17-
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed as of the date first above written.

                                        GLOBAL PAYMENTS INC.

                                        By:
                                           _________________________________
                                           Name:
                                           Title:

                                        SUNTRUST BANK, ATLANTA, as Rights Agent

                                        By:
                                           _________________________________
                                           Name:
                                           Title:

                                      -1-
<PAGE>

                                                                       EXHIBIT A
                                                                       ---------

                          (Form of Rights Certificate)

Certificate No. R-                                               _______ Rights

THE RIGHTS ARE SUBJECT TO REDEMPTION OR MANDATORY EXCHANGE, AT THE OPTION OF THE
COMPANY, ON THE TERMS SET FORTH IN THE RIGHTS AGREEMENT(AS DEFINED BELOW).
RIGHTS BENEFICIALLY OWNED BY ACQUIRING PERSONS OR AFFILIATES OR ASSOCIATES
THEREOF (AS SUCH TERMS ARE DEFINED IN THE RIGHTS AGREEMENT) OR TRANSFEREES OF
ANY OF THE FOREGOING WILL BE VOID.

                              Rights Certificate

                             GLOBAL PAYMENTS INC.

This certifies that _______________________, or registered assigns, is the
registered holder of the number of Rights set forth above, each of which
entitles the registered holder thereof, subject to the terms, provisions and
conditions of the Shareholder Protection Rights Agreement, dated as of
________________, 2000 (as amended from time to time, the "Rights Agreement"),
between Global Payments Inc., a Georgia corporation (the "Company"), and
SunTrust Bank, Atlanta, as rights agent (the "Rights Agent," which term shall
include any successor rights agent under the Rights Agreement), to purchase from
the Company at any time after the Separation Time (as such term is defined in
the Rights Agreement) and prior to the Close of Business on________________,
2010, one thousandth (1/1000) of a fully paid share of Series A Junior
Participating Preferred Stock, no par value (the "Preferred Stock"), of the
Company (subject to adjustment as provided in the Rights Agreement) at the
Exercise Price referred to below, upon presentation and surrender of this Rights
Certificate with the Form of Election to Exercise duly executed at the principal
office of the Rights Agent. The Exercise Price shall initially be $_____ per
Right and shall be subject to adjustment in certain events as provided in the
Rights Agreement.

In certain circumstances described in the Rights Agreement, the Rights evidenced
hereby may entitle the registered holder thereof to purchase securities of an
entity other than the Company or securities or assets of the Company other than
Preferred Stock, all as provided in the Rights Agreement.

This Rights Certificate is subject to all of the terms, provisions and
conditions of the Rights Agreement, which terms, provisions and conditions are
hereby incorporated herein by reference and made a part hereof and to which
Rights Agreement reference is hereby made for a full description of the rights,
limitations of rights, obligations, duties and immunities hereunder of the
Rights Agent, the Company and the holders of the Rights Certificates. Copies of
the Rights Agreement are on file at the principal office of the Company and are
available without cost upon written request. Capitalized terms used in this
Rights Certificate and not otherwise defined herein shall have the meanings
ascribed to such terms in the Rights Agreement.

This Rights Certificate, with or without other Rights Certificates, upon
surrender at the office of the Rights Agent designated for such purpose, may be
exchanged for another Rights Certificate or Rights Certificates of like tenor
evidencing an aggregate number of Rights equal to the aggregate number of Rights
evidenced by the Rights Certificate or Rights Certificates surrendered. If this
Rights Certificate shall be exercised in part, the registered holder shall be
entitled to receive, upon surrender hereof, another Rights Certificate or Rights
Certificates for the number of whole Rights not exercised.

Subject to the provisions of the Rights Agreement, each Right evidenced by this
Certificate may be (a) redeemed by the Company under certain circumstances, at
its option, at a redemption price of $0.01 per Right, or (b) exchanged by the
Company under certain circumstances, at its option, for one share of Common
Stock or one thousandth (1/1000) of a share of Preferred Stock per Right (or, in
certain cases, other securities or assets of the Company), subject in each case
to adjustment in certain events as provided in the Rights Agreement.

No holder of this Rights Certificate, as such, shall be entitled to vote or
receive dividends or be deemed for any purpose the holder of any securities
which may at any time be issuable on the exercise hereof, nor shall anything
contained in the Rights Agreement or herein be construed to confer upon the
holder hereof, as such, any of the rights
<PAGE>

of a shareholder of the Company or any right to vote for the election of
directors or upon any matter submitted to shareholders at any meeting thereof,
or to give or withhold consent to any corporate action, or to receive notice of
meetings or other actions affecting shareholders (except as provided in the
Rights Agreement), or to receive dividends or subscription rights, or otherwise,
until the Rights evidenced by this Rights Certificate shall have been exercised
or exchanged as provided in the Rights Agreement.

This Rights Certificate shall not be valid or obligatory for any purpose until
it shall have been countersigned by the Rights Agent.

WITNESS the facsimile signature of the proper officers of the Company.

Date:_______________

ATTEST:                                         GLOBAL PAYMENTS INC.

_______________________________                 By:___________________
Secretary

Countersigned:

SUNTRUST BANK, ATLANTA

By:_____________________________
   Authorized Officer

                                      -2-
<PAGE>

                 [Form of Reverse Side of Rights Certificate]

                               FORM OF ASSIGNMENT
                               ------------------

               (To be executed by the registered holder if such
             holder desires to transfer this Rights Certificate.)

FOR VALUE RECEIVED, __________________hereby sells, assigns and transfers unto

_______________________________________________________________________________
                (Please print name and address of transferee)

this Rights Certificate, together with all right, title and interest therein,
and does hereby irrevocably constitute and appoint ________________________
attorney-in-fact, to transfer the within Rights Certificate on the books of the
within-named company, with full power of substitution.

Dated:  ___________________, _____.

Signature Guaranteed:                           _______________________________
                                                Signature

                                                (Signature must correspond to
                                                name as written upon the face of
                                                this Rights Certificate in every
                                                particular, without alteration
                                                or enlargement or any change
                                                whatsoever)

Signatures must be guaranteed by an eligible guarantor institution (a bank,
stockbroker, savings and loan association or credit union with membership in an
approved signature guarantee medallion program) pursuant to Rule 17Ad-15 of the
Securities Exchange Act of 1934.

________________________________________________________________________________

                           (To be completed if true)
The undersigned hereby represents, for the benefit of the Company and all
holders of Rights and shares of Common Stock, that the Rights evidenced by this
Rights Certificate are not, and, to the knowledge of the undersigned, have never
been, Beneficially Owned by an Acquiring Person or an Affiliate or Associate
thereof (as defined in the Rights Agreement).

                                                     __________________________
                                                     Signature

________________________________________________________________________________

                                     NOTICE
                                     ------

In the event the certification set forth above is not completed in connection
with a purported assignment, the Company will deem the Beneficial Owner of the
Rights evidenced by the enclosed Rights Certificate to be an Acquiring Person or
an Affiliate or Associate thereof (as defined in the Rights Agreement) or a
transferee of any of the foregoing and accordingly will deem the Rights
evidenced by such Rights Certificate to be void and not transferable or
exercisable.
<PAGE>

                  [To be attached to each Rights Certificate]
                         FORM OF ELECTION TO EXERCISE
                         ----------------------------

    (To be executed if holder desires to exercise the Rights Certificate.)

TO:   GLOBAL PAYMENTS INC.

The undersigned hereby irrevocably elects to exercise _________________ whole
Rights represented by the attached Rights Certificate to purchase the shares of
Series A Junior Participating Preferred Stock issuable upon the exercise of such
Rights and requests that certificates for such shares be issued in the name of
and delivered to:

                           Name:__________________________________________
                           Address:_______________________________________
                                   _______________________________________
                           Social Security or other Taxpayer ID No.:______

If such number of Rights shall not be all the Rights evidenced by this Rights
Certificate, a new Rights Certificate for the balance of such Rights shall be
registered in the name of and delivered to:

                           Name:_____________________________________________
                           Address:__________________________________________
                                   __________________________________________
                           Social Security or other Taxpayer ID No.:_________

Dated:  _________________, ______

Signature Guaranteed:                               ___________________________
                                                    Signature
                                                    (Signature must correspond
                                                    to name as written upon the
                                                    face of this Rights
                                                    Certificate in every
                                                    particular, without
                                                    alteration or enlargement or
                                                    any change whatsoever)

Signatures must be guaranteed by an eligible guarantor institution (a bank,
stockbroker, savings and loan association or credit union with membership in an
approved signature guarantee medallion program) pursuant to Rule 17Ad-15 of the
Securities Exchange Act of 1934.

______________________________________________________________________________
                           (To be completed if true)

The undersigned hereby represents, for the benefit of the Company and all
holders of Rights and shares of Common Stock, that the Rights evidenced by this
Rights Certificate are not, and, to the knowledge of the undersigned, have never
been, Beneficially Owned by an Acquiring Person or an Affiliate or Associate
thereof (as defined in the Rights Agreement).

                                          ______________________________________
                                          Signature

________________________________________________________________________________
                                    NOTICE
                                    ------

In the event the certification set forth above is not completed in connection
with a purported assignment, the Company will deem the Beneficial Owner of the
Rights evidenced by the enclosed Rights Certificate to be an Acquiring Person or
an Affiliate or Associate thereof (as defined in the Rights Agreement) or a
<PAGE>

transferee of any of the foregoing and accordingly will deem the Rights
evidenced by such Rights Certificate to be void and not transferable or
exercisable.
<PAGE>

                                                                       EXHIBIT B
                                                                       ---------
                                  APPENDIX A
                                      TO
                         THE ARTICLES OF INCORPORATION
                                      OF
                             GLOBAL PAYMENTS INC.

DESIGNATING THE PREFERENCES, LIMITATIONS AND RELATIVE RIGHTS OF SERIES A JUNIOR
                         PARTICIPATING PREFERRED STOCK

         There is hereby designated, out of the authorized but unissued shares
of Preferred Stock of the Corporation, a series thereof, and the number of
shares, voting powers, designation, preferences, and relative, participating,
optional, and other special rights, and the qualifications, limitations, and
restrictions thereof, of the shares of such series (in addition to those set
forth in the Articles of Incorporation which are applicable to the Preferred
Stock of all series), shall be as follows:

         1. Series A Junior Participating Preferred Stock. There is hereby
            ---------------------------------------------
established a series of Preferred Stock, no par value per share, of the
Corporation, and the designation and certain terms, powers, preferences and
other rights of the shares of such series, and certain qualifications,
limitations and restrictions thereon, are hereby fixed as follows:

                  (i)   The distinctive serial designation of this series shall
be "Series A Junior Participating Preferred Stock" (hereinafter called "this
Series"). Each share of this Series shall be identical in all respects with the
other shares of this Series except as to the dates from and after which
dividends thereon shall be cumulative.

                  (ii)  The number of shares in this Series shall initially be
20,000 which number may from time to time be increased or decreased (but not
below the number then outstanding) by the Board of Directors. Shares of this
Series purchased by the Corporation shall be canceled and shall revert to
authorized but unissued shares of Preferred Stock undesignated as to series.
Shares of this Series may be issued in fractional shares, which fractional
shares shall entitle the holder, in proportion to such holder's fractional
share, to all rights of a holder of a whole share of this Series.

                  (iii) The holders of full or fractional shares of this Series
shall be entitled to receive, when and as declared by the Board of Directors,
but only out of funds legally available therefor, dividends, (A) on each date
that dividends or other distributions (other than dividends or distributions
payable in Common Stock of the Corporation) are payable on or in respect of
Common Stock comprising part of the Reference Package (as defined below), in an
amount per whole share of this Series equal to the aggregate amount of dividends
or other distributions (other than dividends or distributions payable in Common
Stock of the Corporation) that would be payable on such date to a holder of the
Reference Package and (B) on the last day of March, June, September and December
in each year, in an amount per whole share of this Series equal to the excess
(if any) of $1.00 over the aggregate dividends paid per whole share of this
Series during the three-month period ending on such last day. Each such dividend
shall be paid to the holders of record of shares of this Series on the date, not
exceeding 60 days preceding such dividend or distribution payment date, fixed
for that purpose by the Board of Directors in advance of payment of each
particular dividend or distribution. Dividends on each full and each fractional
share of this Series shall be cumulative from the date such full or fractional
share is originally issued; provided that any such full or fractional share
originally issued after a dividend record date and on or prior to the dividend
payment date to which such record date relates shall not be entitled to receive
the dividend payable on such dividend payment date or any amount in respect of
the period from such original issuance to such dividend payment date.

                  The term "Reference Package" shall initially mean 1000 shares
of Common Stock, no par value ("Common Stock"), of the Corporation. In the event
the Corporation shall at any time (A) declare or pay a dividend on any Common
Stock payable in Common Stock, (B) subdivide any Common Stock or (C) combine any
Common Stock into a smaller number of shares, then and in each such case the
Reference Package after such event shall be the Common Stock that a holder of
the Reference Package immediately prior to such event would hold thereafter as a
result thereof.

                                      A-1
<PAGE>

                  Holders of shares of this Series shall not be entitled to any
dividends, whether payable in cash, property or stock, in excess of full
cumulative dividends, as herein provided, on this Series.

                  So long as any shares of this Series are outstanding, no
dividend (other than a dividend in Common Stock or in any other stock ranking
junior to this Series as to dividends and upon liquidation) shall be declared or
paid or set aside for payment or other distribution declared or made upon the
Common Stock or upon any other stock ranking junior to this Series as to
dividends or upon liquidation, nor shall any Common Stock nor any other stock of
the Corporation ranking junior to or on a parity with this Series as to
dividends or upon liquidation be redeemed, purchased or otherwise acquired for
any consideration (or any moneys be paid to or made available for a sinking fund
for the redemption of any shares of any such stock) by the Corporation (except
by conversion into or exchange for stock of the Corporation ranking junior to
this Series as to dividends and upon liquidation), unless, in each case, the
full cumulative dividends (including the dividend to be due upon payment of such
dividend, distribution, redemption, purchase or other acquisition) on all
outstanding shares of this Series shall have been, or shall contemporaneously
be, paid.

                  (iv) In the event of any merger, consolidation,
reclassification or other transaction in which the shares of Common Stock are
exchanged for or changed into other stock or securities, cash and/or any other
property, then in any such case the shares of this Series shall at the same time
be similarly exchanged or changed in an amount per whole share equal to the
aggregate amount of stock, securities, cash and/or any other property (payable
in kind), as the case may be, that a holder of the Reference Package would be
entitled to receive as a result of such transaction.

                  (v)  In the event of any liquidation, dissolution or winding
up of the affairs of the Corporation, whether voluntary or involuntary, the
holders of full and fractional shares of this Series shall be entitled, before
any distribution or payment is made on any date to the holders of the Common
Stock or any other stock of the Corporation ranking junior to this Series upon
liquidation, to be paid in full an amount per whole share of this Series equal
to the greater of (A) $1.00 or (B) the aggregate amount distributed or to be
distributed prior to such date in connection with such liquidation, dissolution
or winding up to a holder of the Reference Package (such greater amount being
hereinafter referred to as the "Liquidation Preference"), together with accrued
dividends to such distribution or payment date, whether or not earned or
declared. If such payment shall have been made in full to all holders of shares
of this Series, the holders of shares of this Series as such shall have no right
or claim to any of the remaining assets of the Corporation.

                  In the event the assets of the Corporation available for
distribution to the holders of shares of this Series upon any liquidation,
dissolution or winding up of the Corporation, whether voluntary or involuntary,
shall be insufficient to pay in full all amounts to which such holders are
entitled pursuant to the first paragraph of this Section (v), no such
distribution shall be made on account of any shares of any other class or series
of Preferred Stock ranking on a parity with the shares of this Series upon such
liquidation, dissolution or winding up unless proportionate distributive amounts
shall be paid on account of the shares of this Series, ratably in proportion to
the full distributable, amounts for which holders of all such parity shares are
respectively entitled upon such liquidation, dissolution or winding up.

                  Upon the liquidation, dissolution or winding up of the
Corporation, the holders of shares of this Series then outstanding shall be
entitled to be paid out of assets of the Corporation available for distribution
to its shareholders all amounts to which such holders are entitled pursuant to
the first paragraph of this Section (v) before any payment shall be made to the
holders of Common Stock or any other stock of the Corporation ranking junior
upon liquidation to this Series.

                  For the purposes of this Section (v), the consolidation or
merger of, or binding share exchange by, the Corporation with any other
corporation shall not be deemed to constitute a liquidation, dissolution or
winding up of the corporation.

                  (vi)  The shares of this Series shall not be redeemable.
<PAGE>

                  (vii) In addition to any other vote or consent of shareholders
required by law or by the Certificate of Incorporation of the Corporation, each
whole share of this Series shall, on any matter, vote as a class with any other
capital stock comprising part of the Reference Package and voting on such matter
and shall have the number of votes thereon that a holder of the Reference
Package would have.

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