Document:

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                                                                   Exhibit 10.26

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                                 LEASE AGREEMENT

                        THE WOODLANDS, MONTGOMERY COUNTY,
                                 TEXAS PROPERTY

                       Landlord: HEWITT PROPERTIES IV LLC

                          Tenant: HEWITT ASSOCIATES LLC

                              as of April 22, 1999

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                                TABLE OF CONTENTS

1.    Initial Development.....................................................1
2.    Term and Occupancy......................................................2
3.    Rent....................................................................2
4.    Use.....................................................................3
5.    Maintenance, Repairs and Replacements...................................3
6.    Alterations.............................................................4
7.    Signs...................................................................5
8.    Utilities and Services..................................................5
9.    Compliance with Law.....................................................5
10.   Landlord's Title, Authority and Quiet Enjoyment; Tenant's Authority.....6
11.   Subordination...........................................................6
12.   Assignment and Sublease.................................................7
13.   Lease Extension.........................................................8
14.   Impositions.............................................................8
15.   Insurance..............................................................10
16.   Destruction and Restoration............................................11
17.   Condemnation...........................................................13
18.   Default by Tenant......................................................16
19.   Landlord's Remedies....................................................17
20.   Notices................................................................18
21.   Brokerage..............................................................19
22.   Estoppel...............................................................19
23.   Hazardous Substances...................................................19
24.   Surrender..............................................................21
25.   Liens..................................................................21
26.   Interest...............................................................22
27.   Inspections............................................................22
28.   Transfer of Landlord's Interest........................................22
29.   Indemnity..............................................................22
30.   Modification of Lease..................................................23
31.   Choice of Law and Interpretation.......................................23
32.   Independent Covenant; Net Lease........................................23
33.   Entry by Landlord......................................................24
34.   Survival of Obligations................................................24
35.   Option to Purchase Demised Premises....................................24
36.   No Merger..............................................................26

Exhibit A - Legal Description
Exhibit B - Site Plan
Exhibit C - List of Plans and Specifications and Construction Contracts
Exhibit D - Schedule of Rents

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         THIS LEASE AGREEMENT (this "Lease") is made as of the 22nd day of
April, 1999 between HEWITT PROPERTIES IV LLC, an Illinois limited liability
company, having its principal office at 100 Half Day Road, Lincolnshire,
Illinois 60069 (the "Landlord"), and HEWITT ASSOCIATES LLC, an Illinois limited
liability company, having its principal office at 100 Half Day Road,
Lincolnshire, Illinois 60069 (the "Tenant").

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

         Landlord, for and in consideration of the rents, covenants and
agreements hereinafter set forth on the part of Tenant to be paid, kept,
observed and performed does hereby lease unto Tenant, and Tenant does hereby
take subject to the conditions herein expressed, all those parcels of land
consisting of approximately 77 acres situated in The Woodlands, Texas, County of
Montgomery and legally described on Exhibit A attached hereto and made a part
hereof (the "Land"), together with all improvements located on and to be
constructed thereon by Landlord, which are hereinafter called "Landlord's
Improvements." Landlord's Improvements and all other improvements, machinery,
building equipment, fixtures and other property, real, personal or mixed (except
Tenant's trade fixtures), installed or located thereon, together with all
additions, alterations and replacements thereof are herein collectively, the
"Improvements". The Land and the Improvements are hereinafter collectively
referred to as the "Demised Premises." The parties acknowledge that
contemporaneously herewith, Landlord is issuing $85,000,000 of its Secured
Credit Tenant Notes due 2020 (the "Notes") pursuant to a Note Purchase Agreement
(the "Note Agreement") which Notes and obligations are secured in substantial
part by this Lease and a substantially similar lease dated as of April 22, 1999
for certain property in Orlando, Orange County, Florida (the "Florida Lease").
Capitalized terms not otherwise defined herein shall have the meanings set forth
in the Note Agreement.

         1.    Initial Development.
               -------------------

         A.    Landlord will cause Landlord's Improvements depicted on the
Site Plan attached hereto as Exhibit B to be constructed in accordance with the
plans and specifications and construction contracts described on Exhibit C
hereto.

         B.    Landlord agrees, at Landlord's sole cost and expense, to cause
construction of Landlord's Improvements as follows:

               (i)    in accordance with Exhibits B and C; and

               (ii)   Landlord shall cause Final Project Completion (as
         hereinafter defined) to occur on or prior to January 22, 2000.

Landlord shall notify Tenant of the anticipated Final Project Completion. Tenant
shall have the right to enter the Demised Premises during the sixty (60) day
period preceding the Final Project Completion for the purpose of installing its
equipment and receiving raw materials and Tenant does hereby agree to assume all
risk of loss or damage to such equipment and raw materials, and to indemnify,
defend and hold harmless Landlord from and against any loss or damage to such

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equipment and raw materials and all liability, loss or damage arising from any
injury to the property of Landlord, or its contractors, subcontractors or
materialmen, and any death or personal injury to any person or persons arising
out of such installation. Landlord agrees to cooperate with Tenant at Tenant's
expense so that Tenant's contractors and tradespeople will be permitted to
reasonably perform their work without material interference. Tenant agrees to
cooperate with Landlord so that Landlord's contractors and tradespeople will be
permitted to reasonably perform their work without material interference.

         C.    [Intentionally Omitted]

         D.    "Final Project Completion" shall mean the municipality having
jurisdiction over the Demised Premises issues a final certificate of occupancy
permitting Tenant to occupy all of Landlord's Improvements or takes such other
action as may be customary to permit occupancy or use thereof and all of
Landlord's Improvements are otherwise ready for beneficial use and occupancy by
Tenant subject to completion of any Punchlist Items by Landlord; Landlord's
architect certifies that all of Landlord's Improvements have been constructed
and completed in a good and workmanlike manner in accordance with the approved
plans and specifications therefor and with this Lease and comply with applicable
laws, ordinances and regulations and all of Landlord's Improvements are
otherwise ready for beneficial use and occupancy by Tenant subject to completion
of any Punchlist Items by Landlord; Landlord shall have obtained title insurance
in form satisfactory to mortgagee insuring the completed Demised Premises free
of Liens not permitted by the Operative Agreements.

         E.    Within thirty (30) days of Final Project Completion, Tenant shall
execute and deliver to Landlord a punchlist (the "Punchlist") of incomplete
items (the "Punchlist Items"). Landlord shall use all reasonable efforts to
complete the Punchlist Items as soon as possible after receipt of the Punchlist.

         F.    Landlord covenants that the Demised Premises (except trade
fixtures, equipment, machinery or any other item constructed or installed by
Tenant) will conform as of the Rent Commencement Date to applicable laws,
regulations, or other governmental orders relating to the physical condition of
the Demised Premises. Landlord shall be responsible for procuring building and
other permits and licenses necessary for construction of Landlord's
Improvements.

         2.    Term and Occupancy. The term of this Lease shall commence on the
date hereof (the "Commencement Date"), and shall end on the date which is the
twentieth (20th) anniversary of the Rent Commencement Date (the "Expiration
Date"), unless the term be extended or earlier terminated as provided herein.

         3.    Rent.
               ----

         A.    The annual base rental (the "Base Rent") is set forth on the
Schedule of Rents attached hereto as Exhibit D. Base Rent shall be paid monthly,
in arrears, in equal installments without offset or deduction commencing March
22, 2000 (the "Rent Commencement Date") and on the 22nd day of each month
through the Expiration Date. Until advised in writing to the

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contrary by Landlord, Tenant shall pay all Base Rent, Additional Rent and all
other amounts due Landlord hereunder to Harris Trust and Savings Bank, 311 West
Monroe Street, Chicago, Illinois 60606, Attn: Indenture Trust Division.

         B.    Tenant at its option, upon notice as provided below may prepay
Base Rent, if in part, then in an amount sufficient to allow Landlord to prepay
the Notes in an aggregate principal amount of $5,000,000 or integral multiples
of $100,000 in excess thereof, together with accrued interest thereon, plus the
Make-Whole Amount.

         Notice of prepayment of Base Rent shall be given to Landlord not less
than thirty (30) nor more than sixty (60) days before the date fixed for
prepayment (the "Optional Prepayment Date") and shall be accompanied by
certificate of Tenant certifying as to: (i) the Optional Prepayment Date, (ii)
the aggregate amount to be paid on such Optional Prepayment Date, (iii) the
portion thereof allocable to the prepayment of principal of the Notes by
Landlord, and (iv) the portion thereof allocable to payment of accrued interest
and Make-Whole Amount that Landlord would be required to pay if such prepayment
were made on the date notice is being given hereunder together with the detailed
calculations used in determining the Make-Whole Amount. In addition, promptly
upon becoming able to calculate the portion of the prepayment allocable to
Make-Whole Amount, Tenant shall provide notice to Landlord of its determination
of the amount of such portion. Any notice of prepayment so given, Tenant shall
be obligated to pay Landlord on such Optional Prepayment Date the amount
referred to above. Nothing in this paragraph shall relieve Tenant of its
obligation to pay accrued rent due and payable on any Optional Prepayment Date.

         C.    Upon any prepayment of Base Rent as provided herein or as
required under the Note Agreement, each installment of rent payable during the
term shall be reduced pro rata.

         4.    Use.
               ---

         The Demised Premises shall be used and occupied by Tenant as office and
parking space (the "Tenant's Use"). Landlord represents that the Demised
Premises are currently zoned to permit general office and parking use. In
addition, Tenant may use all or any part of the Demised Premises for any lawful
purpose incidental to Tenant's Use then permitted by local zoning ordinances and
the certificate of occupancy provided, however, Tenant may not use or occupy the
Demised Premises, or permit the Demised Premises to be used or occupied in such
a manner as to cause the value or usefulness of the Demised Premises, or any
part thereof, substantially to diminish.

         5.    Maintenance, Repairs and Replacements. During the term of this
Lease, Tenant shall, at Tenant's sole expense, keep the Demised Premises in good
working order, condition and repair as a first class office complex and in
compliance with all applicable laws and shall perform all maintenance thereof
and all necessary repairs and replacements thereto, interior and exterior,
structural and nonstructural, ordinary and extraordinary, foreseen or
unforeseen, of every nature, kind and description. When used in this paragraph,
"repairs" shall include all necessary replacements, renewals, alterations,
additions and betterments. If Tenant

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cannot keep the Demised Premises or any portion thereof in good working order,
condition and repair, then Tenant shall replace the same in a first-class
manner. Tenant shall comply with manufacturers recommended schedules for
warranty work. All repairs and replacements made by Tenant shall be at least
equal in quality to the original work and shall be made by Tenant in accordance
with all applicable laws. The necessity for or adequacy of maintenance, repairs
and replacements shall be measured by the standards which are appropriate for
improvements of similar first class office construction.

         6.    Alterations.
               -----------

         A.    Tenant shall have the right to make any alterations of and
additions to the Improvements (including alterations arising due to casualty or
condemnation), provided in all cases that no Events of Default exist hereunder
and such alterations shall (a) not reduce the gross square footage of the
Improvements, (b) not adversely affect the structural or systemic soundness of
the Improvements, (c) not adversely affect the fair market value of the Demised
Premises, (d) be undertaken with due diligence in a good and workmanlike fashion
consistent with the first class nature of the Demised Premises, (e) not violate
any law, regulation, restriction or requirements of this Lease, and (f) shall,
in the case of alterations, the estimated cost of which exceeds $1,000,000, be
under the supervision of architects/engineers reasonably satisfactory to
Landlord and any mortgagee pursuant to plans and specifications reasonably
approved by Landlord and any mortgagee. Tenant shall deliver to Landlord "as
built" working drawings of any alteration within sixty (60) days of completion
of construction thereof.

         B.    The cost of any alteration shall be paid for by Tenant so that
the Demised Premises and all portions thereof shall at all times be free of
liens for labor and materials supplied to the Demised Premises. The work of any
alteration shall be prosecuted with reasonable dispatch. Tenant shall obtain and
maintain, at its sole cost and expense, during the performance of such work,
worker's compensation insurance covering all persons employed in connection with
the work and with respect to which death or injury claims could be asserted
against Landlord or Tenant or against the Demised Premises or any interest
therein, together with comprehensive general liability insurance for the mutual
benefit of Landlord and Tenant with limits of not less than Three Million
Dollars ($3,000,000) in the event of injury to one person, Ten Million
($10,000,000) Dollars in respect to any one accident or occurrence, and Two
Million Dollars ($2,000,000) for property damage, and "builder's risk" insurance
on a completed value form or other comparable coverage on the work. All such
insurance shall be in a company or companies authorized to do business in the
state in which the Demised Premises are located and rated A-XIII by A.M. Best's
insurance ratings or other comparable and nationally recognized rating entity,
and all such policies of insurance shall be delivered to Landlord endorsed
"Premium Paid" by the company or agency issuing the same prior to the start of
any such construction.

         C.    No change, alteration, restoration or new construction shall be
in or connect the Improvements with any property, building or other improvement
located outside the boundaries of the Land, nor shall the same obstruct or
interfere with any existing easement.

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         D.    Tenant shall notify Landlord in writing 30 days prior to
commencing any alterations, additions or improvements to the Demised Premises
which have been approved by Landlord so that Landlord shall have the right to
record and post notices of nonresponsibility on the Demised Premises.

         E.    All improvements and alterations made or installed by Tenant
shall immediately, upon completion or installation thereof, become the property
of Landlord without payment therefor by Landlord, and shall be surrendered to
Landlord on the expiration of the term of this Lease.

         7.    Signs. Tenant may install, at its expense, signs containing
Tenant's name at the Demised Premises, provided that such signs (a) do not cause
any structural or other damage to the Demised Premises; (b) do not violate
applicable governmental laws, ordinances, rules or regulations; (c) do not
violate any existing restrictions affecting the Demised Premises; and (d) are
compatible with the architecture of the Demised Premises and the landscaped
areas.

         8.    Utilities and Services.
               ----------------------

         A.    Tenant shall contract for and pay directly for the cost of usage
of all utilities including all charges for water, heat, gas, light, garbage,
electricity, telephone, data, sewage, steam, power or other public or private
utility services. In the event that any charge or fee is required by the state
in which the Demised Premises are located, or any city or other agency,
subdivision, or instrumentality thereof, or by any utility company furnishing
services or utilities to the Demised Premises, as a condition precedent to
furnishing or continuing to furnish utilities or services to the Demised
Premises, such charge or fee shall be deemed to be a utility charge payable by
Tenant.

         B.    Tenant acknowledges that any one or more of the services provided
for herein may be interrupted or suspended by reason of accident, repair,
alterations or improvements necessary to be made, strike, lockout, misuse or
neglect by Tenant or Tenant's agents, employees or invitees, or by shortages of
fuel or other energy supplies to be provided by public or private utilities or
suppliers or by other matters, and Landlord shall not be liable to Tenant
therefor, nor shall Tenant have any right to terminate the Lease or other rights
(including but not limited to any reduction or abatement of rent) against
Landlord in the event of a failure, interruption or suspension of any of the
aforesaid services.

         9.    Compliance with Law. Tenant shall throughout the term of this
Lease, at Tenant's sole cost and expense, comply with or remove or cure any
violation of any applicable laws, orders, statutes, ordinances, rules,
regulations and requirements of federal, state and municipal governments,
including, without limitation, any applicable laws, orders, statutes,
ordinances, rules, regulations and requirements of any federal, state or local
government relating to occupational safety and health (collectively, the "OSHA
Regulations"), all applicable rules and regulations of the Board of Fire
Underwriters and any requirements of the certificate of occupancy or any permit
with respect to the Demised Premises and the sidewalks, curbs, roadways, alleys,
entrances or railroad track facilities, if any, adjacent or appurtenant thereto,
and

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whether the compliance, curing or removal of any such violation and the costs
and expenses necessitated thereby shall have been foreseen or unforeseen,
ordinary or extraordinary, and whether or not the same shall be presently within
the contemplation of Landlord or Tenant or shall involve any change of
governmental policy, or require structural or extraordinary repairs, alterations
or additions by Tenant and irrespective of the costs thereof. Tenant, at its
sole cost and expense, shall comply with all agreements, contracts, easements,
restrictions, reservations or covenants, if any, affecting the Demised Premises
or hereafter created by, consented to, or requested by Tenant or Landlord.
Tenant shall also comply with, observe and perform all provisions and
requirements of all policies of insurance at any time in force with respect to
the Demised Premises and shall comply with all development permits issued by
governmental authorities issued in connection with development of the Demised
Premises. Tenant shall procure and maintain all permits and licenses required
for the transaction of Tenant's business at the Demised Premises.

         10.   Landlord's Title, Authority and Quiet Enjoyment; Tenant's
               ---------------------------------------------------------
Authority.
---------

         A.    [Reserved]

         B.    So long as Tenant performs each and every term, provision and
condition herein contained on the part of Tenant to be kept and performed,
Tenant shall peacefully and quietly enjoy the Demised Premises without hindrance
or molestation by Landlord or by any other person claiming by, through or under
Landlord, subject to the terms of the Lease.

         C.    Tenant represents and warrants that it has full and complete
authority to enter into this Lease under all of the terms, conditions and
provisions set forth herein.

         D.    Tenant hereby approves the condition of Landlord's title to the
Demised Premises. This Lease shall be subject to all easements, covenants,
conditions and restrictions presently existing or hereafter created upon the
Demised Premises; provided, however, Landlord shall not permit or cause any
easements, covenants, restrictions, conditions or other changes in Landlord's
title which would materially and adversely impact Tenant's Use.

         11.   Subordination. The priority of this Lease and the leasehold
estate of Tenant created hereunder are and shall be subject and subordinate to
the lien of any mortgage, deed of trust, sale-leaseback, ground lease or similar
encumbrance, whether such encumbrance is placed against the fee or leasehold
estate, affecting the Demised Premises and to all renewals, modifications,
consolidations, replacements and extensions thereof, and advances thereunder.
Tenant agrees at any time hereafter, upon demand, to execute and deliver any
instruments, releases or other documents that may reasonably be required for the
purpose of subjecting and subordinating this Lease, as above provided, to the
lien of any such mortgage, deed of trust, ground lease, sale-leaseback or
similar encumbrance in a form reasonably acceptable to Tenant and the holder of
such mortgage or instrument.

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         12.   Assignment and Sublease. Provided there are no Events of Defaults
hereunder or under the Note Agreement, as defined herein and therein, Tenant may
assign this Lease or sublease all or any portion of the Demised Premises subject
to the terms hereof.

         Tenant shall not assign this Lease without the exclusive prior written
consent of Landlord and any mortgagee. Notwithstanding the foregoing, Tenant may
assign this Lease to any person which is a successor to Tenant as permitted by
the terms of the Note Agreement.

         If this Lease is assigned, Lessor may collect Base Rent and Additional
Rent directly from such assignee. If any part of the Demised Premises is sublet
and any Event of Default exists hereunder, Landlord may collect Base Rent and
Additional Rent from such subtenant.

         Any assignment or sublease shall require the assignee or subtenant to
comply with all terms of this Lease except for any sublease term, which shall be
at Tenant's discretion (but in no event extend beyond the term of this Lease),
and a duplicate original of such sublease or assignment shall be delivered to
Landlord at least ten (10) days prior to the commencement of such sublease or
assignment.

         Any assignee shall assume, by instrument in form and content
satisfactory to Landlord, the due performance of all of Tenant's obligations
under this Lease, including any accrued obligations at the time of the effective
date of the assignment, and such assumption agreement shall state that the same
is made by the assignee for the express benefit of Landlord as a third party
beneficiary thereof.

         Each sublease permitted hereby shall be subject and subordinate to all
of the terms, covenants and conditions of this Lease and to all of the rights of
Landlord hereunder; and in the event this Lease shall terminate before the
expiration of such sublease, the sublessee thereunder will, at Landlord's
option, attorn to Landlord and waive any rights the sublessee may have to
terminate the sublease or to surrender possession thereunder, as a result of the
termination of this Lease. No sublease shall be permitted hereby unless as a
condition to effectiveness thereof, Tenant shall have assigned to Landlord and
Landlord shall have effectively assigned to mortgagee such sublease.

         Tenant agrees to pay on behalf of Landlord any and all costs of
Landlord or otherwise occasioned by such assignment or subletting, including
without limitation, the cost of any alteration, addition, improvement or other
renovation or refurbishment to the Demised Premises made in connection with such
assignment or subletting and any cost imposed by any governmental authority in
connection with any of the foregoing.

         No assignment or sublease shall be made unless any guarantor of the
Tenant's obligations or any party responsible for Tenant's obligations shall
give its written consent to such assignment or sublease and confirm that its
obligations shall not be affected by such assignment or sublease, and, provided,
further, that if any modification to the Lease is proposed to be made after such
assignment or sublease, then, at Landlord's or mortgagee's option, all prior
assignors and

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sublessors, and all such obligated parties, shall be required to confirm in
writing their approval of such modification, and that their obligations continue
as to the Lease as so modified.

         No assignment or subletting under this paragraph shall relieve Tenant
(or any guarantor of Tenant's obligations under the Lease or any assignee) of
its obligations hereunder. Any assignment or subletting of this Lease which is
not in compliance with the provisions of this paragraph shall be of no effect
and void. Except as permitted hereby, Tenant shall not transfer, sublet, assign
or otherwise encumber its interest in the Lease or the Demised Premises.

         Notwithstanding anything contained in this Lease to the contrary and
notwithstanding any consent by Landlord to any sublease of the Demised Premises,
or any portion thereof, or to any assignment of this Lease or of Tenant's
interest or estate in the Demised Premises, no sublessee shall assign its
sublease nor further sublease the Demised Premises, or any portion thereof, and
no assignee shall further assign or sublet its interest in this Lease or its
interest or estate in the Demised Premises, or any portion thereof, without
Landlord's prior written consent in each and every instance which consent may be
withheld or delayed as above provided. No such further assignment or subleasing
shall relieve Tenant from any of Tenant's obligations in this Lease contained.

         13.   Lease Extension. If this Lease shall not have been terminated
pursuant to any provisions hereof and no Events of Default exist hereunder or
under the Note Agreement, then Tenant may, at Tenant's option, extend the term
of this Lease for two (2) successive additional terms of five (5) years each
(each an "Extension Term," collectively the "Extension Terms") commencing on the
expiration of the original term, or the immediately preceding Extension Term, as
the case may be. Tenant may exercise such option by giving Landlord written
notice at least six (6) months prior to the expiration of the original term or
the immediately preceding Extension Term, as the case may be. Upon the giving by
Tenant to Landlord of such written notice and the compliance by Tenant with the
foregoing provisions of this paragraph, this Lease shall be deemed to be
automatically extended upon all the covenants, agreements, terms, provisions and
conditions set forth in this Lease, except that Base Rent for each such
Extension Term shall be the then fair market value for the Demised Premises.

         14.   Impositions.
               -----------

         A.    Tenant covenants and agrees to pay during the term of this Lease,
as Additional Rent, before any fine, penalty, interest or cost may be added
thereto for the nonpayment thereof, all real estate taxes, special assessments,
water rates and charges, sewer rates and charges, including any sum or sums
payable for present or future sewer or water, charges for public utilities,
street lighting, excise levies, licenses, permits, inspection fees, other
governmental charges, and all other charges or burdens of whatsoever kind and
nature (including costs, fees, and expenses of complying with any restrictive
covenants or similar agreements to which the Demised Premises are now or
hereafter subject) incurred in the use, occupancy, ownership, operation, leasing
or possession of the Demised Premises, without particularizing by any known name
or by whatever name hereafter called, and whether any of the foregoing be
general or special, ordinary or extraordinary, foreseen or unforeseen (all of
which are sometimes herein

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referred to as "Impositions"), which at any time during the term may have been
or may be assessed, levied, confirmed, imposed upon, or become a lien on the
Demised Premises, or any portion thereof, or any appurtenance thereto, rents or
income therefrom, and such easements or rights as may now or hereafter be
appurtenant or appertain to the use of the Demised Premises.

         B.    If, at any time during the term of this Lease, any method of
taxation shall be such that there shall be levied, assessed or imposed on
Landlord, or on the Basic Rent or Additional Rent, or on the Demised Premises or
on the value of the Demised Premises, or any portion thereof, a capital levy,
sales or use tax, gross receipts tax or other tax on the rents received
therefrom, or a franchise tax, or an assessment, levy or charge measured by or
based in whole or in part upon such rents or value, Tenant covenants to pay and
discharge the same, it being the intention of the parties hereto that the rent
to be paid hereunder shall be paid to Landlord absolutely net without deduction
or charge of any nature whatsoever foreseeable or unforeseeable, ordinary or
extraordinary, or of any nature, kind or description, except as in this Lease
otherwise expressly provided. Nothing in this Lease contained shall require
Tenant to pay any municipal, state or federal net income or excess profits taxes
assessed against Landlord, or any municipal, state or federal capital levy,
estate succession, inheritance or transfer taxes of Landlord.

         C.    Tenant covenants to furnish Landlord, on or before the date upon
which any Imposition or other tax, assessment, levy or charge is due and
payable, official receipts of the appropriate taxing authority, or other
appropriate proof satisfactory to Landlord, evidencing the payment of the same.

         D.    Tenant shall have the right at its own expense to contest the
amount or validity, in whole or in part, of any Imposition by appropriate
proceedings diligently conducted in good faith, but only after payment of such
Imposition, unless such payment, or a payment thereof under protest, would
operate as a bar to such contest or interfere materially with the prosecution
thereof, in which event, notwithstanding the provisions hereof, Tenant may
postpone or defer payment of such Imposition if the Demised Premises or any
portion thereof would, by reason of such postponement or deferment, be in danger
of being forfeited or lost. Upon the termination of any such proceedings, Tenant
shall pay the amount of such Imposition or part thereof, if any, as finally
determined in such proceedings, the payment of which may have been deferred
during the prosecution of such proceedings, together with any costs, fees,
including attorney's fees, interest, penalties, fines and other liability in
connection therewith. Tenant shall be entitled to the refund of any Imposition,
penalty, fine and interest thereon received by Landlord which have been paid by
Tenant or which have been paid by Landlord but for which Landlord has been
previously reimbursed in full by Tenant. Landlord shall not be required to join
in any proceedings referred to in this paragraph unless the provisions of any
law, rule or regulation at the time in effect shall require that such
proceedings be brought by or in the name of Landlord, in which event Landlord
shall join in such proceedings or permit the same to be brought in Landlord's
name upon compliance with such conditions as Landlord may reasonably require.
Landlord shall not ultimately be subject to any liability for the payment of any
fees, including attorney's fees, costs and expenses in connection with such
proceedings. Tenant agrees to pay all such fees (including

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reasonable attorney's fees), costs and expenses or, on demand, to make
reimbursement to Landlord for such payment.

         15.   Insurance.
               ---------

         A.    During the term of this Lease, during any extension thereof, and
during any holdover period, Tenant shall at its cost and expense procure and
keep in force a policy of comprehensive public liability insurance, with limits
of not less than $5,000,000 for injury to any one person, $25,000,000 as to any
one accident, and $3,000,000 as to property damage, all on a per occurrence
basis which policy shall name Landlord and Landlord's mortgagee, if any, as
additional insureds. Certified copies of such insurance shall be delivered to
Landlord prior to the Commencement Date and shall provide that same may not be
canceled, modified or lowered in amounts without prior written notice of not
less than thirty (30) days to Landlord and Landlord's mortgagee. Notwithstanding
the foregoing, Tenant may insure the foregoing risks under its blanket policy.
Any such liability insurance shall contain a contractual liability endorsement
covering Tenant's indemnification obligations under this Lease.

         B.    During the term of this Lease and any extension thereof, Tenant,
at its sole cost and expense, shall obtain and continuously maintain in full
force and effect, policies of insurance covering the Improvements constructed,
installed or located on the Demised Premises naming the Landlord, as an
additional insured and loss payee and Landlord's mortgagee, if any, as
mortgagee, against (a) loss or damage by fire; (b) loss or damage from such
other risks or hazards now or hereafter embraced by an "Extended Coverage
Endorsement," or broadest form of "all risk" coverage including, but not limited
to, windstorm, hail, explosion, vandalism, riot and civil commotion, damage from
vehicles, smoke damage, water damage and debris removal; (c) loss for flood; (d)
loss from so-called explosion, collapse and underground hazards; and (e) loss or
damage from such other risks or hazards of a similar or dissimilar nature which
are now or may hereafter be customarily insured against with respect to
improvements similar in construction, design, general location, use and
occupancy to the Improvements. At all times, such insurance coverage shall be in
an amount equal to 100% of the then "full replacement cost" of the Improvements.
"Full Replacement Cost" shall be interpreted to mean the cost of replacing the
improvements without deduction for depreciation or wear and tear, and it shall
include a reasonable sum for architectural, engineering, legal, administrative
and supervisory fees connected with the restoration or replacement of the
Improvements in the event of damage thereto or destruction thereof. If a
sprinkler system shall be located in the Improvements, sprinkler leakage
insurance shall be procured and continuously maintained by Tenant at Tenant's
sole cost and expense. Tenant shall cause to be inserted in the policy of
insurance required by this paragraph a so-called "waiver of subrogation" clause
as to Landlord and Landlord's insurer.

         C.    During the term of this Lease and any extension thereof, Tenant
shall maintain Workman's Compensation Insurance in accordance with the laws of
the State of Texas.

         D.    Tenant shall maintain insurance coverage (including loss of use
and business interruption coverage) upon Tenant's business and upon all personal
property of Tenant or the personal property of others kept, stored or maintained
on the Demised Premises against loss or

                                       11

<PAGE>

damage by fire, windstorm or other casualties or causes for such amount as
Tenant may desire, and Tenant agrees that such policies shall contain a waiver
of subrogation clause as to Landlord and Landlord's insurer.

         Nothing in this paragraph shall prevent Tenant from taking out
insurance of the kind and in the amount provided for under the preceding
paragraphs of this paragraph under a blanket insurance policy or policies
(certified copies thereof reasonably satisfactory to Landlord shall be delivered
to Landlord) which may cover other properties owned or operated by Tenant as
well as the Demised Premises; provided, however, that any such policy of blanket
insurance of the kind provided for shall specify therein the amounts thereof
exclusively allocated to the Demised Premises or Tenant shall furnish Landlord
and the holder of any fee mortgage with a written statement from the insurers
under such policies specifying the amounts of the total insurance exclusively
allocated to the Demised Premises; and provided, further, however, that such
policies of blanket insurance shall, as respects the Demised Premises, contain
the various provisions required of such an insurance policy by the foregoing
provisions hereof.

         E.    Tenant shall deliver certified copies of all such insurance to
Landlord prior to the Commencement Date hereof and certified copies and evidence
of payment for all renewal coverage not less than ten (10) days prior to the
expiration of any such insurance. Such policies shall provide (except in case of
general liability insurance) for losses up to $1,000,000 to be adjusted by and
paid to Tenant and losses equal to or in excess of $1,000,000 shall be adjusted
by Tenant subject to the reasonable approval of Landlord and any mortgagee, and,
while the Notes are outstanding, paid to the Agent.

         F.    Tenant hereby releases Landlord (and Landlord's assignees,
employees, agents and servants) and waives any claims it may have against
Landlord from any liability for damage to or destruction of Tenant's trade
fixtures, personal property (including also property under the care, custody, or
control of Tenant), machinery, equipment, furniture, fixtures and business
interests on the Premises, except arising from Landlord's gross negligence. This
paragraph shall apply especially, but not exclusively, to damage or destruction
caused by the flooding of basements or other subsurface areas, or by
refrigerators, sprinkling devices, air conditioning apparatus, water, snow,
frost, steam, excessive heat or cold, falling plaster, broken glass, sewage,
gas, odors or noise, or the bursting or leaking of pipes or plumbing fixtures,
and shall apply equally, whether any such damage results from the act or
omission of other tenants or occupants in the Premises or any other persons, and
whether such damage be caused by or result from any of the aforesaid, or shall
be caused by or result from other, circumstances of a similar or dissimilar
nature.

         16.   Destruction and Restoration.
               ---------------------------

         A.    Tenant covenants and agrees that in case of damage to or
destruction of the Demised Premises after the Commencement Date of the term of
this Lease, by fire or otherwise, Tenant, at its sole cost and expense, shall
promptly restore, repair, replace and rebuild the same as nearly as possible to
the condition that the same were in immediately prior to such damage or
destruction with such changes or alterations (made in conformity with paragraph
6 hereof) as

                                       12

<PAGE>

may be reasonably acceptable to Landlord or required by law. Tenant shall
forthwith give Landlord written notice of such damage or destruction upon the
occurrence thereof and specify in such notice, in reasonable detail, the extent
thereof. Such restoration, repairs, replacements, rebuilding, changes and
alterations, including the cost of temporary repairs for the protection of the
Demised Premises, or any portion thereof, pending completion thereof are
sometimes hereinafter referred to as the "Restoration." The Restoration shall be
carried on and completed in accordance with the provisions and conditions of
this Lease including but not limited to paragraphs 5, 6, 9, and 16 hereof.
Tenant shall, at Tenant's expense, regardless of whether there are sufficient
insurance proceeds therefor, promptly commence and complete with all due
diligence the Restoration to as nearly as possible the condition which existed
prior to such damage or destruction.

         B.    All insurance moneys held by Agent, shall be applied to the
payment of the costs of the Restoration and shall be paid out from time to time
as the Restoration progresses upon the written request of Tenant, accompanied by
a certificate of the architect or a qualified professional engineer in charge of
the Restoration stating that as of the date of such certificate (a) the sum
requested is justly due to the contractors, subcontractors, materialmen,
laborers, engineers, architects, or persons, firms or corporations furnishing or
supplying work, labor, services or materials for such Restoration, or is justly
required to reimburse Tenant for any expenditures made by Tenant in connection
with such Restoration, and when added to all sums previously paid out by
Landlord does not exceed the value of the Restoration performed to the date of
such certificate by all of said parties; (b) except for the amount, if any,
stated in such certificates to be due for work, labor, services or materials,
there is no outstanding indebtedness known to the person signing such
certificate, after due inquiry, which is then due for work, labor, services or
materials in connection with such Restoration, which, if unpaid, might become
the basis of a mechanic's lien or similar lien with respect to the Restoration
or a lien upon the Demised Premises, or any portion thereof; and (c) the costs,
as estimated by the person signing such certificate, of the completion of the
Restoration required to be done subsequent to the date of such certificate in
order to complete the Restoration do not exceed the sum of the remaining
insurance moneys, remaining in the hands of Landlord or Agent, if applicable,
after payment of the sum requested in such certificate.

         As a condition to payment, Tenant shall furnish Landlord or Agent, if
applicable, at the time of any such payment with evidence reasonably
satisfactory to Landlord or Agent, if applicable, that there are no unpaid bills
in respect to any work, labor, services or materials performed, furnished or
supplied in connection with such Restoration. If the insurance moneys in the
hands of Landlord, shall be insufficient to pay the entire costs of the
Restoration, Tenant agrees to pay any deficiency promptly. Tenant shall continue
to be liable for full payment of Base Rent, Additional Rent and any other
amounts due and payable hereunder. Upon completion of the Restoration and
payment in full thereof by Tenant, Landlord or Agent, if applicable, shall
within a reasonable period of time thereafter, turn over to Tenant all insurance
moneys or other moneys then remaining upon submission of proof reasonably
satisfactory to Landlord or Agent, if applicable, that the Restoration has been
paid for in full and the damaged or destroyed Improvements repaired, restored or
rebuilt as nearly as possible to the condition they were in

                                       13

<PAGE>

immediately prior to such damage or destruction, or with such changes or
alterations as may be made in conformity with the terms hereof.

         C.    No destruction of or damage to the Demised Premises, or any
portion thereof, by fire, casualty or otherwise shall permit Tenant to surrender
this Lease or shall relieve Tenant from its liability to pay to Landlord the
Base Rent and Additional Rent payable under this Lease or from any of its other
obligations under this Lease, and Tenant waives any rights now or hereafter
conferred upon Tenant by present or future law or otherwise to quit or surrender
this Lease or the Demised Premises, or any portion thereof, to Landlord or to
any suspension, diminution, abatement or reduction of rent on account of any
such damage or destruction.

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

         A.    If, during the term of this Lease, the entire Demised Premises
shall be taken as the result of the exercise of the power of eminent domain,
condemnation or a deed in lieu of the foregoing (a "Taking"), this Lease and all
right, title and interest of Tenant hereunder shall cease and come to an end on
the date of vesting of title pursuant to such Taking and Landlord shall be
entitled to and shall receive the total award made in such Taking, Tenant hereby
assigning any interest in such award, damages, consequential damages and
compensation to Landlord and Tenant hereby waiving any right Tenant has now or
may have under present or future law to receive any separate award of damages
for its interest in the Demised Premises, or any portion thereof, or its
interest in this Lease.

         In any Taking of the Demised Premises, or any portion thereof, whether
or not this Lease is terminated as in this paragraph provided, Tenant shall not
be entitled to any portion of the award for the Taking of the Demised Premises
or damage to the Improvements, except as otherwise provided herein with respect
to the restoration of the Improvements, or for the estate or interest of Tenant
therein, all such award, damages, consequential damages and compensation being
hereby assigned to Landlord, and Tenant hereby waives any right it now has or
may have under present or future law to receive any separate award of damages
for its interest in the Demised Premises, or any portion thereof, or its
interest in this Lease, except that Tenant shall have, nevertheless, the limited
right to prove in the Taking and to receive any award which may be made for
damages to or condemnation of Tenant's movable trade fixtures and equipment, and
for Tenant's relocation costs in connection therewith.

         B.    If, less than the entire Demised Premises, but more than 15% of
the floor area of the Improvements, or more than 50% of the Land, shall be taken
in any such Taking, this Lease shall, upon vesting of title in the Taking,
terminate as to the portion of the Demised Premises so taken, and Tenant may, at
its option, terminate this Lease as to the remainder of the Demised Premises.
Tenant shall not have the right to terminate this Lease pursuant to the
preceding sentence unless (a) the business of Tenant conducted in the portion of
the Demised Premises taken cannot reasonably be carried on with substantially
the same utility and efficiency in the remainder of the Demised Premises (or any
substitute space securable by Tenant pursuant to clause [b] hereof) and (b)
Tenant cannot construct or secure substantially similar space to the space so
taken, on the Demised Premises. Such termination as to the remainder of the
Demised

                                       14

<PAGE>

Premises shall be effected by notice in writing given not more than 60 days
after the date of vesting of title in such Taking, and shall specify a date not
more than 60 days after the giving of such notice as the date for such
termination. Upon the date specified in such notice, the term of this Lease, and
all right, title and interest of Tenant hereunder, shall cease and come to an
end. If this Lease is terminated as in this paragraph 17B provided, Landlord
shall be entitled to and shall receive the total award made in such Taking,
Tenant hereby assigning any interest in such award, damages, consequential
damages and compensation to Landlord, and Tenant hereby waiving any right Tenant
has now or may have under present or future law to receive any separate award of
damages for its interest in the Demised Premises, or any portion thereof, or its
interest in this Lease except as otherwise provided in paragraph 17A. The right
of Tenant to terminate this Lease, as provided in this paragraph 17B, shall be
exercisable only upon condition that no Event of Default exist hereunder or
under the Note Agreement, and such termination upon Tenant's part shall become
effective only upon compliance by Tenant with all such terms, covenants and
conditions to the date of such termination. In the event that Tenant elects not
to terminate this Lease as to the remainder of the Demised Premises, the rights
and obligations of Landlord and Tenant shall be governed by the provisions of
paragraph 17C hereof.

         C.    If 15%, or less, of the floor area of the Improvements, or 50%,
or less, of the Land, shall be taken in such Taking, or if more than 15% of the
floor area of the Improvements or more than 50% of the Land is taken (but less
than the entire Demised Premises), and this Lease is not terminated as in
paragraph 17B hereof provided, this Lease shall, upon vesting of title in the
Taking, terminate as to the parts so taken, and Tenant shall have no claim or
interest in the award, damages, consequential damages and compensation, or any
part thereof except as otherwise provided in paragraph 17A. Landlord shall be
entitled to and shall receive the total award made in such Taking, Tenant hereby
assigning any interest in such award, damages, consequential damages and
compensation to Landlord, and Tenant hereby waiving any right Tenant has now or
may have under present or future law to receive any separate award of damages
for its interest in the Demised Premises, or any portion thereof, or its
interest in this Lease except as otherwise provided in paragraph 17A. The net
amount of the award (after deduction of all costs and expenses, including
attorney's fees), shall be held by Landlord as trustee or so long as the Notes
remain outstanding, by Agent and applied as hereinafter provided. Tenant, in
such case, covenants and agrees, at Tenant's sole cost and expense (subject to
reimbursement to the extent hereinafter provided), promptly to restore that
portion of the Improvements on the Demised Premises not so taken to a complete
architectural and mechanical unit for the use and occupancy of Tenant as in this
Lease provided. In the event that the net amount of the award (after deduction
of all costs and expenses, including attorney's fees) is insufficient to pay all
costs of such restoration work, Tenant shall deposit with Landlord as trustee
such additional sums as may be required upon the written request of Landlord so
long as Tenant has participated in the Proceedings; provided, however, Landlord
shall retain ultimate control over any final settlement or litigation with the
condemning authority, and provided further that notwithstanding that the net
amount of the award may be insufficient to pay all costs of the restoration
work, Tenant shall continue to be liable for payment of Base Rent, Additional
Rent and any other amount due and payable hereunder, which amounts shall not be
abated except as provided in Paragraph 17E below. The provisions and conditions
in paragraph 6 applicable to changes and alterations shall apply to Tenant's
obligations to restore that portion of the

                                       15

<PAGE>

Improvements to a complete architectural and mechanical unit. Landlord agrees in
connection with such restoration work to apply so much of the net amount of any
award (after deduction of all costs and expenses, including attorney's fees)
that may be received by Landlord and held by Landlord as trustee in any such
Proceedings for physical damage to the Improvements as a result of such taking
to the costs of such restoration work thereof and the said net award for
physical damage to the Improvements as a result of such taking shall be paid out
from time to time to Tenant, or on behalf of Tenant, as such restoration work
progresses upon the written request of Tenant, which shall be accompanied by a
certificate of the architect or the registered professional engineer in charge
of the restoration work stating that (a) the sum requested is justly due to the
contractors, subcontractors, materialmen, laborers, engineers, architects or
other persons, firms or corporations furnishing or supplying work, labor,
services or materials for such restoration work or as is justly required to
reimburse Tenant for expenditures made by Tenant in connection with such
restoration work, and when added to all sums previously paid out by Landlord as
trustee does not exceed the value of the restoration work performed to the date
of such certificate; and (b) the net amount of any such award for physical
damage to the Improvements as a result of such taking remaining in the hands of
Landlord, together with the sums, if any, deposited by Tenant with Landlord as
trustee pursuant to the provisions hereof, will be sufficient upon the
completion of such restoration work to pay for the same in full. If payment of
the award for physical damage to the Improvements as a result of such taking, as
aforesaid, shall not be received by Landlord in time to permit payments as the
restoration work progresses (except in the event of an appeal of the award by
Landlord), Tenant shall not be required to proceed with any restoration work
until payment of such award is received by Landlord; provided, however, delay in
payment of such amount shall not release Tenant of its obligation to pay Base
Rent, Additional Rent and other amounts due and payable hereunder during any
such delay and there shall be no abatement of Base Rent, Additional Rent or any
other amounts except as provided in Paragraph 17E below. If Landlord appeals an
award and payment of the award is delayed pending appeal, Tenant shall,
nevertheless, perform and fully pay for such work without delay, and payment of
the amount to which Tenant would have been entitled had Landlord not appealed
the award (in an amount not to exceed the net award prior to such appeal) shall
be made by Landlord to Tenant as restoration progresses pursuant to this
Paragraph 17C, in which event Landlord shall be entitled to retain an amount
equal to the sum disbursed to Tenant pursuant to the preceding sentence out of
the net award as and when payment of such award is received by Landlord. Tenant
shall also furnish Landlord as trustee with each certificate hereinabove
referred to, together with evidence reasonably satisfactory to Landlord that
there are no unpaid bills in respect to any work, labor, services or materials
performed, furnished or supplied, or claimed to have been performed, furnished
or supplied, in connection with such restoration work, and that no liens have
been filed against the Demised Premises, or any portion thereof. Landlord as
trustee shall not be required to pay out any funds when there are unpaid bills
for work, labor, services or materials performed, furnished or supplied in
connection with such restoration work, or where a lien for work, labor, services
or materials performed, furnished or supplied has been placed against the
Demised Premises, or any portion thereof. Upon completion of the restoration
work and payment in full therefor by Tenant, and upon submission of proof
reasonably satisfactory to Landlord that the restoration work has been paid for
in full and that the Improvements have been restored or rebuilt to a complete
architectural and mechanical unit for the use and occupancy of Tenant as
provided in this Lease, Landlord as trustee shall pay over to

                                       16

<PAGE>

Tenant any portion of the cash deposit furnished by Tenant then remaining;
provided, however, any other amounts awarded in such Proceedings which remain
following restoration of the Demised Premises shall be the property of Landlord
and Tenant shall have no claim thereto.

         D.    In the event of any partial termination of this Lease as a result
of any such Taking, Tenant shall pay to Landlord all Base Rent and all
Additional Rent and other charges payable hereunder with respect to that portion
of the Demised Premises so taken in such Taking with respect to which this Lease
shall have terminated justly apportioned to the date of such termination. From
and after the date of vesting of title in such Taking, Tenant shall continue to
pay the Base Rent and Additional Rent and other charges payable hereunder, as in
this Lease provided, to be paid by Tenant, subject to abatement, if any, as
provided for in paragraph 17E hereof.

         E.    In the event of a partial taking of the Demised Premises under
paragraph 17C hereof, or a partial taking of the Demised Premises under
paragraph 17B hereof, followed by Tenant's election not to terminate this Lease,
the Base Rent payable hereunder during the period from and after the date of
vesting of title in such Taking to the termination of this Lease shall not be
reduced unless Tenant shall have completed the restoration work with its own
funds in accordance with the provisions of the Lease and Landlord shall have
applied the net amount of any award to reduce the indebtedness secured by any
financing encumbering the Demised Premises, in which event Base Rent payable
hereunder shall be reduced pro rata.

         F.    THE PARTIES HERETO HEREBY ACKNOWLEDGE AND AGREE THAT
NOTWITHSTANDING ANY OTHER PROVISIONS OF THIS LEASE IT IS THE INTENT OF THE
PARTIES THAT IF AS A RESULT OF ANY TAKING THERE IS ANY REDEMPTION OR OTHER
REPAYMENT OF THE NOTES AND THE PROCEEDS RECEIVED FROM SUCH TAKING ARE
INSUFFICIENT TO PAY IN FULL ANY PRINCIPAL, INTEREST OR MAKE-WHOLE AMOUNT, IF
ANY, DUE AND PAYABLE ON THE NOTES ON ACCOUNT OF THE TAKING, THAT THE TENANT
SHALL, UPON DEMAND, PAY THE AMOUNT OF SUCH INSUFFICIENCY.

         18.   Default by Tenant. The occurrence of any one or more of the
following events shall constitute an "Event of Default" by Tenant:

         A.    The failure by Tenant to make any payment of Base Rent,
Additional Rent or any other amount required to be paid by Tenant hereunder, and
any interest for late payment thereof, as and when due, where such failure shall
continue for a period of five (5) days.

         B.    The failure by Tenant to observe or perform any of the covenants,
conditions or provisions of paragraphs 12 or 15.

         C.    The failure by Tenant to observe or perform any of the covenants,
conditions or provisions of this Lease (except as set forth in paragraphs 18A
and 18B above) where such failure shall continue for a period of thirty (30)
days after Tenant obtains knowledge of such failure or default.

                                       17

<PAGE>

         D.    The occurrence of an Event of Default under Section 11 of the
Note Agreement.

         19.   Landlord's Remedies. Upon the occurrence of an Event of Default,
Landlord, in addition to other rights or remedies it may have, shall have the
right to terminate this Lease, or without terminating this Lease, terminate
Tenant's right to possession of the Demised Premises, and in either event Tenant
shall immediately surrender possession of the Demised Premises to Landlord and
if Tenant fails to do so, Landlord may, without prejudice to any other remedy it
may have for possession or arrearage of rentals, enter upon and take possession
of the Demised Premises and expel or remove Tenant and any other person who may
be occupying the Demised Premises or any part thereof, with or without legal
proceedings, without being liable for prosecution or any claim or damage
therefor. In such event, Landlord shall be entitled to recover from Tenant all
reasonable damages incurred by Landlord by reason of such Event of Default,
including without limitation, the cost of recovering possession of the Demised
Premises, expenses of reletting including reasonable renovation and alteration
of the Demised Premises, attorneys, fees, real estate commissions, and any other
sum of money, late charges and damages.

         If Tenant's right to possession of the Demised Premises is terminated
without termination of the Lease, Landlord shall be entitled to enforce all of
Landlord's rights and remedies under the Lease, including the right to recover
the rent as it becomes due hereunder. Should Landlord elect to relet the Demised
Premises or any part thereof, Landlord may do so for such term or terms and at
such rental or rentals and upon such other terms and conditions as Landlord may
deem appropriate. Rental and other amounts received by Landlord in connection
with such reletting shall be applied in such manner and to such parties as
Landlord shall determine. Should such rentals and other amounts received from
such reletting during any month be less than Tenant's obligations hereunder,
Tenant shall pay such deficiency to Landlord. Such deficiency shall be
calculated and paid monthly. No such reentry or taking possession of the Demised
Premises by Landlord shall be construed as an election on its part to terminate
this Lease, unless a written notice of such intention be given to Tenant or
unless the termination thereof be decreed by a court of competent jurisdiction.

         In the event Landlord terminates this Lease in accordance herewith,
Tenant shall be liable and shall pay to Landlord, the sum of all rent and other
payments owed to date to Landlord, all sums owed to date to third parties
(including without limitation, all Impositions) hereunder accrued to the date of
such termination, all amounts required to be spent by Landlord to fulfill any of
Tenant's obligations which Tenant did not fulfill prior to termination by
Landlord, plus, an amount equal to the present value discounted at the Federal
Reserve discount rate of (i) the total rental payments hereunder for the
remaining portion of the term of the Lease, calculated as if such term the
Expiration Date, unless Tenant has extended this Lease, in which case such
calculation shall be as if the term expires on the final day of the Extension
Term then in effect, less (ii) the fair market rental value of the Demised
Premises for such remaining period. Nothing herein contained shall limit or
prejudice the right of Landlord to prove for and obtain, as damages by reason of
such expiration or termination, an amount equal to the maximum allowed by any
statute or rule of law in effect at the time when, and governing the proceedings
in which, such damages are to be proved, whether or not such amount be greater,
equal to or less than the

                                       18

<PAGE>

amount of the difference referred to above. Notwithstanding the foregoing,
Landlord and Tenant agree that it is extremely difficult and impractical to
establish the amount of damages Landlord would sustain upon an Event of Default.
The parties hereby agree that a reasonable estimate of such other amounts
necessary to compensate Landlord in such event and not otherwise included herein
is the sum of the principal amount of the Notes then outstanding plus interest
accrued thereon together with the Make Whole Amount, less the amounts set forth
above in this paragraph (the "Liquidated Damages"). Landlord shall be entitled
such Liquidated Damages from Tenant not as a penalty but as liquidated damages.

         In addition to the aforesaid remedies, Landlord shall be entitled to
pursue any other remedy now or hereafter available to Landlord at equity or
under the laws or judicial decisions of the state where the Demised Premises is
located or by statute or otherwise. All rights and remedies of Landlord herein
enumerated shall be cumulative, and the exercise or the commencement of the
exercise by Landlord of any one or more of such rights or remedies should not
preclude the simultaneous or later exercise by Landlord of any or all other
rights or remedies. Tenant shall pay, upon demand, all of Landlord's costs,
including reasonable attorneys' fees and court costs, incident to the
enforcement of Tenant's obligations hereunder. A receipt by Landlord of rent
with knowledge of the breach of any covenant hereof shall not be deemed a waiver
of such breach, and no waiver by Landlord of any provisions of this Lease shall
be deemed to have been made unless expressed in writing and signed by Landlord.
Without limiting the generality of the foregoing, no failure by Landlord to
insist upon the performance of any of the terms of this Lease or to exercise any
right or remedy consequent upon a breach thereof shall constitute a waiver of
such breach or any of the terms of this Lease, and no express waiver shall
affect any default other than the default specified in the express waiver and
that only for the time and to the extent therein stated. One or more waivers by
Landlord shall not be construed as a waiver of a subsequent breach of the same
covenant, term or condition. In addition to other remedies in this Lease
provided, Landlord shall be entitled to seek a restraint by injunction of the
violation or attempted or threatened violation of the covenants, conditions and
provisions of this Lease.

         20.   Notices. All notices shall be sent by registered mail, return
receipt requested personal delivery, or by recognized overnight courier
providing proof of delivery, to the following addresses:

         To Landlord:                             To Tenant:

         Hewitt Properties IV LLC                 Hewitt Associates LLC
         100 Half Day Road                        100 Half Day Road
         Lincolnshire, Illinois  60069            Lincolnshire, Illinois  60069
         Attn.:  General Counsel                  Attn:  General Counsel

         Any notice shall be deemed to have been given five (5) days after the
date deposited in the United States mail, on the date of personal delivery, or
on the first business day after sending when delivery by recognized overnight
courier providing proof of delivery, in the manner

                                       19

<PAGE>

aforesaid. Either party, by notice to the other, shall have the right to change
the addresses for notice(s) to be sent to such party, and to add or substitute
entities to which a copy of any notice shall be sent by the other party.

         21.   Brokerage. Landlord and Tenant acknowledge that no real estate
broker brought about this lease transaction. Landlord hereby indemnifies Tenant
against claims for brokerage fees, commissions or similar compensation by any
party claiming by, through or under Landlord in connection with this Lease, and
Tenant hereby indemnifies Landlord against claims for brokerage fees,
commissions or similar compensation by any party claiming by, through or under
Tenant in connection with this Lease.

         22.   Estoppel. Landlord and Tenant shall, at any time upon not less
than twenty (20) days prior written notice, execute and deliver to a prospective
new landlord, lender, or assignee or subtenant of Tenant, as the case may be, a
statement in writing (i) certifying that this Lease is unmodified and in full
force and effect (or if modified, stating the nature of such modification and
certifying that this Lease, as so modified, is in full force and effect) and the
date to which the rent and other charges are paid in advance, if any, and (ii)
acknowledging that there are not, to the party's knowledge, any uncured defaults
on the part of the other party hereunder, or so specifying such defaults if any
are claimed, and (iii) other reasonable requests that relate to the Lease.

         23.   Hazardous Substances.
               --------------------

         A.    For purposes hereof, "Hazardous Substance" means:

               (i)    "Hazardous Substances" as defined by the Comprehensive
         Environmental Response, Compensation and Liability Act ("CERCLA"), 42
         U.S.C.ss.9601 et. seq., as amended, and all regulations promulgated
         thereunder, the Federal Clean Air Act, as amended (42 U.S.C.ss.7401 et.
         seq.) and the Federal Water Pollution Control Act ("FWPCA"), 33
         U.S.C.ss.1317 et. seq. as amended and all regulations promulgated
         thereunder;

               (ii)   "Hazardous Waste" as defined by the Resource Conservation
         and Recovery Act ("RCRA"), 42 U.S.C.ss.6602 et. seq. as amended and all
         regulations promulgated thereunder;

               (iii)  Any pollutant or contaminant or hazardous, dangerous or
         toxic chemicals, materials or substances within the meaning of any
         other applicable federal, state or local law, regulation, ordinance or
         requirement (including consent decrees and administrative orders)
         relating to or imposing liability or standards of conduct concerning
         any hazardous, toxic or dangerous waste, substance or material, all as
         amended or hereafter amended;

               (iv)   Gas, gasoline, oil or other petroleum products;

                                       20

<PAGE>

               (v)    Any radioactive material, including any source, special
         nuclear or by-product material as defined in 42 U.S.C.ss.2011 et. seq.
         as amended or hereafter amended, and all regulations promulgated
         thereunder;

               (vi)   Asbestos; and

               (vii)  Anything defined as a hazardous, toxic or radioactive
         material, waste or substance or the use, transportation or disposal of
         which is regulated under applicable law or rules and regulations issued
         pursuant thereof;

(all of the foregoing statutes, laws, ordinance, rules, regulations, and common
law theories being sometimes hereinafter collectively referred to as
"Environmental Laws").

         B.    Tenant shall not allow any Hazardous Substance to be located on
the Demised Premises and shall not conduct or authorize the generation,
transportation, storage, treatment, release or disposal at the Demised Premises,
of any Hazardous Substance other than in quantities incidental to the conduct of
Tenant's Use and in compliance with Environmental Laws; provided, however,
nothing herein contained shall permit Tenant to allow any so-called "acutely
hazardous", "ultra-hazardous", "imminently hazardous chemical substance or
mixture" or comparable Hazardous Substance to be located on or about the Demised
Premises.

         C.    If the presence, release, threat of release, placement on or in
the Demised Premises, or the generation, transportation, storage, treatment, or
disposal at the Demised Premises of any Hazardous Substances as a result of
Tenant's operations at the Demised Premises: (i) gives rise to liability
(including, but not limited to, a response action, remedial action, or removal
action) under Environmental Laws, (ii) causes or threatens to cause a
significant public health effect, or (iii) pollutes or threatens to pollute the
environment, Tenant shall promptly take any and all remedial and removal action
necessary to clean up the Demised Premises and mitigate exposure to liability
arising from the hazardous substance, whether or not required by law.

         D.    Tenant shall indemnify, defend and hold Landlord harmless from
all damages, costs, losses, expenses (including, but not limited to, actual
attorneys fees and engineering fees) arising from or attributable to the
existence of any Hazardous Substances at the Demised Premises as a result of
Tenant's operations at the Demised Premises, and (ii) any breach by Tenant of
any of its covenants contained herein.

         E.    Upon request by Landlord during the term of this Lease, Tenant
shall undertake and submit to Landlord an environmental audit from an
environmental consulting firm reasonably acceptable to Landlord which audit
shall evidence Tenant's compliance herewith. Tenant shall bear the cost of such
environmental audit.

         F.    Landlord or Tenant shall give the other prompt written notice
upon discovery of any Hazardous Substance at or adjacent to the Demised
Premises. Landlord and Tenant's obligations hereunder shall survive termination
of the Lease.

                                       21

<PAGE>

         24.   Surrender.
               ---------

         A.    Upon any termination or expiration of this Lease, Tenant shall
surrender the Demised Premises in the same condition as existed at the Rent
Commencement Date, except for normal wear and tear and damage caused by the fire
or other casualty subject to the terms of this Lease; provided, however, that
nothing in this paragraph is intended to change or diminish Tenant's obligations
under any other part of this Lease. Any damage to the Demised Premises resulting
from the removal of such Alterations shall be repaired by Tenant at Tenant's
expense. If the Demised Premises be not surrendered as above set forth, Tenant
shall indemnify, defend and hold Landlord harmless against loss or liability
resulting from the delay by Tenant in so surrendering the Demised Premises,
including, without limitation any claim made by any succeeding occupant founded
on such delay.

         All property of Tenant not removed on or before the last day of the
term of this Lease shall be deemed abandoned. Tenant shall reimburse Landlord
upon demand for any expenses incurred by Landlord with respect to removal,
storage or disposal of abandoned property and with respect to restoring said
Demised Premises to good order, condition and repair.

         25.   Liens. Tenant has no authority, express or implied, to create or
place any lien or encumbrance of any kind or nature whatsoever upon, or in any
manner to bind the interest of Landlord or Tenant in the Demised Premises, or to
charge the rentals payable hereunder for any claim in favor of any person
dealing with Tenant, including those who furnish materials or perform labor for
any construction or repairs, and Tenant covenants and agrees that it shall not
mortgage, encumber or pledge this Lease or any interest therein. The preceding
sentence shall not be construed as prohibiting Tenant from making alterations as
provided above or from permitting any other mechanics or materialmen's lienable
work to be performed as long as such work is not prohibited by this Lease.
Tenant agrees to indemnify and hold Landlord harmless from any lien filed
against the Demised Premises on account of work performed by or on behalf of
Tenant and from any and all losses, costs, damages, expenses, liabilities,
suits, penalties, claims and damages (including attorney fees) arising from or
relating to such lien. After Tenant's receipt of notice or actual knowledge of
the placing of any lien or encumbrance against the Demised Premises, Tenant
shall immediately give Landlord written notice thereof. Tenant shall within ten
(10) days therefrom remove such lien by payment.

         If Tenant shall fail to discharge such mechanic's lien within such
period, then, in addition to any other right or remedy of Landlord, Landlord
may, but shall not be obligated to, discharge the same by paying to the claimant
the amount claimed to be due by procuring the discharge of such lien as to the
Demised Premises by deposit in the court having jurisdiction of such lien, a
cash sum sufficient to secure the discharge of the same, or by the deposit of a
bond or other security with such court sufficient in form, content and amount to
procure the discharge of such lien, or in such other manner as is now or may in
the future be provided by present or future law or the discharge of such lien as
a lien against the Demised Premises. Any amount paid by Landlord, or the value
of any deposit so made by Landlord, together with all costs, fees and

                                       22

<PAGE>

expenses in connection therewith (including attorneys' fees of Landlord),
together with interest thereon at the Default Rate, shall be Additional Rent
payable on demand by Landlord.

         26.   Interest. Base Rent, Additional Rent and any other amounts due
Landlord hereunder, if not paid when due, and any other charges payable by
Tenant hereunder not paid when due, including any charges, expenses, liabilities
or fees in connection with a default by Tenant, shall accrue interest (the
"Default Rate") at the greater of (a) the rate of prime (as published in the
Wall Street Journal) plus two percent (2%) per annum or, so long as the Notes
are outstanding, (b) the default rate set forth in the Note Agreement from the
due date until paid, and to be paid to Landlord by Tenant upon demand.

         27.   Inspections. Landlord, its agents, employees, contractors,
lenders or prospective lenders, may, after providing Tenant with at least
twenty-four (24) hours prior notice except in an emergency situation, enter the
Demised Premises during business hours (except in an emergency situation), to
(a) exhibit the Demised Premises to prospective purchasers or lenders and
perform due diligence in connection therewith; (b) inspect the Demised Premises
to see that Tenant is complying with its obligations hereunder; and (c) exhibit
the Demised Premises during the last twelve (12) months of the term to
prospective tenants.

         28.   Transfer of Landlord's Interest. Tenant acknowledges that
Landlord has the right to transfer its interest in the Demised Premises without
the consent of Tenant and in this Lease, and Tenant agrees that in the event of
any such transfer Landlord shall automatically be released from all liability
under this Lease and Tenant agrees to look solely to such transferee for the
performance of Landlord's obligations hereunder; provided, however, any such
transferee shall be deemed to have assumed the obligations of Landlord hereunder
subject to the conditions and limitations herein contained. Tenant agrees to
look solely to Landlord's interest in the Demised Premises for the recovery of
any judgment from Landlord, it being agreed that Landlord, or if Landlord is a
partnership, its partners whether general or limited, or if Landlord is a
corporation, its directors, officers or shareholders, or if Landlord is a
limited liability company, its members or managers, shall never be personally
liable for such judgment.

         29.   Indemnity.
               ---------

         A.    To the fullest extent allowed by law, Tenant shall at all times
indemnify, defend and hold harmless Landlord and any person claiming by or
through Landlord from and against any and all claims by or on behalf of any
person, firm or corporation, arising from the conduct or management of the
Demised Premises, or from any work or things whatsoever done in or about the
Demised Premises, and will further indemnify, defend and hold Landlord and any
person claiming by or through Landlord harmless against and from any and all
claims arising during the term of this Lease, or arising from any breach or
default on the part of Tenant in the performance of any covenant or agreement on
the part of Tenant to be performed, pursuant to the terms of this Lease, or
arising from, any act or negligence of Tenant, its agents, servants, employees
or licensees, or arising from any accident, injury or damage whatsoever caused
to any person, firm or corporation occurring during the term of this Lease, in
or about the Demised Premises or upon the sidewalk and the land adjacent
thereto, and from and against all costs, attorneys' fees,

                                       23

<PAGE>

expenses and liabilities incurred in or about any such claim or action or
proceeding brought thereon; and in case any action or proceeding be brought
against Landlord by reason of any such claim, Tenant, upon notice from Landlord,
covenants to defend such action or proceeding by counsel reasonably satisfactory
to Landlord.

         B.    Landlord shall protect, indemnify and hold Tenant harmless from
and against any and all loss, claims, liability or costs (including court costs
and attorneys' fees) incurred by reason of: (a) any damage to any property or
any injury to any person occurring in or on the Demised Premises to the extent
that such injury or damage shall be caused by the gross negligence or willful
misconduct of Landlord or its agents, servants or employees; provided, however,
that such indemnification shall be limited to the extent of the sum of: (i)
amounts of insurance proceeds recovered by Landlord under insurance policies
carried by Landlord for such injury or damage, after deductibles, or insurance
proceeds that would have been received in the event Landlord had not elected to
self-insure, and (ii) the deductible amounts for such claims under such
insurance policies.

         The provisions of this paragraph shall survive the termination of this
Lease with respect to any claims or liability occurring prior to such
termination.

         30.   Modification of Lease. The terms, covenants and conditions of
this Lease may not be changed orally but only by an instrument in writing signed
by Landlord and Tenant and consented to by mortgagee. The failure of either
party hereto to insist in any one or more cases upon the strict performance of
any term, covenant or condition of this Lease to be performed or observed by the
other party hereto shall not constitute a waiver of relinquishment for the
future of any such term, covenant or condition.

         31.   Choice of Law and Interpretation. This Lease shall be governed by
the internal law of the State of Illinois, without considering such state's
choice of law rules, except that any possessory action by Landlord in respect of
the Demised Premises shall be governed by the internal laws of the state in
which the Demised Premises is situated, without considering such state's choice
of law rules.

         32.   Independent Covenant; Net Lease. It is the express intent of
Landlord and Tenant that (a) the obligations of Landlord and Tenant hereunder
shall be separate and independent covenants and agreements and that the Base
Rent and Additional Rent, and all other charges and sums payable by Tenant
hereunder, shall commence at the times provided herein and shall continue to be
payable in all events; (b) all costs or expenses of whatsoever character or
kind, general or special, ordinary or extraordinary, foreseen or unforeseen, and
of every kind and nature whatsoever that may be necessary or required in and
about the Demised Premises, or any portion thereof, and Tenant's possession or
authorized use thereof during the term of this Lease, shall be paid by Tenant
and all provisions of this Lease are to be interpreted and construed in light of
the intention expressed in this paragraph; (c) the Base Rent shall be absolutely
net to Landlord so that this Lease shall yield net to Landlord the Base Rent
during the term of this Lease; (d) all Impositions, insurance premiums, utility
expenses, repair and maintenance expenses, and all other costs, fees, interest,
charges, expenses, reimbursements and obligations of

                                       24

<PAGE>

every kind and nature whatsoever relating to the Demised Premises, or any
portion thereof, which may arise or become due during the term of this Lease, or
any extension or renewal thereof, shall be paid or discharged by Tenant as
"Additional Rent."

         33.   Entry by Landlord. Tenant agrees to permit Landlord or Landlord's
mortgagee and authorized representatives of Landlord or Landlord's mortgagee to
enter upon the Demised Premises at all reasonable times during ordinary business
hours for the purpose of inspecting the same and making any necessary repairs to
comply with any laws, ordinances, rules, regulations or requirements of any
public body, or the Board of Fire Underwriters, or any similar body. Nothing
herein contained shall imply any duty upon the part of Landlord to do any such
work which, under any provision of this Lease, Tenant may be required to perform
and the performance thereof by Landlord shall not constitute a waiver of
Tenant's default in failing to perform the same. Landlord may, during the
progress of any work, keep and store upon the Demised Premises all necessary
materials, tools and equipment. Landlord shall not in any event be liable for
inconvenience, annoyance, disturbance, loss of business or other damage to
Tenant by reason of making repairs or the performance of any work in or about
the Demised Premises, or on account of bringing material, supplies and equipment
into, upon or through the Demised Premises during the course thereof, and the
obligations of Tenant under this Lease shall not be thereby affected in any
manner whatsoever.

         34.   Survival of Obligations. All obligations of Tenant hereunder not
fully performed as of the expiration or earlier termination of the term of this
Lease shall survive the expiration or earlier termination of the term hereof.

         35.   Option to Purchase Demised Premises.
               -----------------------------------

         Tenant (but not any subtenant or assignee of Tenant) shall have the
option to purchase the Demised Premises (the "Option") as hereinafter provided.

         A.    Tenant shall have the option to purchase the Demised Premises at
an option price (the "Option Price") equal to the greater of (x) the then
outstanding principal amount of the Notes plus accrued interest thereon through
the date of purchase of the Demised Premises together with the Make Whole
Amount, if any or (y) the fair market value of the Demised Premises. Tenant may
only exercise the Option if the Lease is in full force and effect and no
defaults or Events of Default exist at the time Tenant notifies Landlord of the
exercise of the Option and at the time set for closing of the Option. Tenant
shall signify its intent to exercise the Option by delivering to Landlord its
written notice of its exercise of the Option, not later than 60 days prior to
the date stated in such notice as the closing date for such Option (the
"Notice").

         B.     "Fair Market Value" shall be determined by mutual agreement of
Landlord and Tenant prior to the delivery of any Notice or if they have not so
agreed at the time of delivery of any such Notice, Fair Market Value shall be
determined by appraisal as provided herein.

               (i)    Either party may, by notice to the other, appoint a
         disinterested appraiser. Within 10 days after the service of such
         notice, the other party may in like manner

                                       25

<PAGE>

         appoint a disinterested appraiser and give notice thereof to the party
         appointing the first appraiser. In case of the failure of the other
         party so to appoint a second appraiser, the first appraiser shall be
         the sole appraiser and shall determine the Fair Market Value. If two
         appraisers are so appointed by the parties, they shall promptly attempt
         to determine the Fair Market Value. If the two appraisers are unable to
         agree on the Fair Market Value within 20 days after the second
         appraiser has been appointed, they shall select and appoint in writing
         a third disinterested appraiser and give notice thereof to both
         parties.

               (ii)   Within 15 days after the selection and appointment of the
         third appraiser, the three appraisers shall meet and attempt to
         determine the Fair Market Value. The decision of a majority of the
         appraisers shall determine the Fair Market Value. If a majority of the
         three appraisers are unable to agree on the Fair Market Value within
         said 15-day period, the three appraisers each shall promptly prepare an
         appraisal of the Fair Market Value and the three appraisals shall be
         added together and their total being divided by three with the
         resulting quotient being the Fair Market Value. If, however, the low
         appraisal and/or high appraisal varies by more than ten percent (10%)
         from the middle appraisal, the appraisal or appraisals so varying shall
         be disregarded. If only one appraisal is disregarded, the remaining
         appraisals shall be added together and their total divided by two with
         the resulting quotient being the Fair Market Value. If both the low
         appraisal and the high appraisal are disregarded, the middle appraisal
         shall establish the Fair Market Value.

               (iii)  Each of the parties shall pay for its own appraiser's fees
         and the parties will each pay half of the fees of the third appraiser
         and all other costs of appraisals.

               (iv)   To be qualified to act as an appraiser under this
         paragraph, a person must be a member of the American Institute of Real
         Estate Appraisers (or if such institute is not in existence at the time
         in question, a member of successor or similar organization) and must
         have minimum of 10 years recent experience in real estate appraisal
         specializing in commercial office buildings in The Woodlands, Texas.

               (v)    After the Fair Market Value has been determined, the
         appraisers shall immediately notify the parties and the closing on the
         sale shall occur on the next rent payment date not less than 60 days
         from the date of such notification.

         C.    Upon the date fixed for any purchase, Tenant shall pay to
Landlord, in lawful money of the Untied States, by wire transfer of immediately
available funds or as otherwise directed by Landlord, the purchase price
therefor specified herein together with all Base Rent, Additional Rent and other
sums then due and payable hereunder to and including such date of purchase, and
Landlord shall deliver to Tenant a special warranty deed, and any other
instruments reasonably necessary to convey the title thereto and to assign any
other property then required to be assigned pursuant hereto. Tenant shall pay
all charges incident to such conveyance and assignment, including reasonable
counsel fees, escrow fees, recording fees, title insurance premiums and all
applicable taxes that may be imposed by reason of such conveyance and assignment
and the delivery of said deed and other instruments.

                                       26

<PAGE>

         36.   No Merger. There shall be no merger of this Lease or the
leasehold estate created hereby with the fee estate in the Land and Demised
Premises by reason that the same person or entity may acquire, hold or own such
estates directly or indirectly.

                                       27

<PAGE>

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

                                       LANDLORD:

                                       HEWITT PROPERTIES IV LLC

                                       By: /s/ C.L. CONNOLLY III
                                           -------------------------------------

                                       Title: Authorized Signatory
                                              ----------------------------------

                                       TENANT:

                                       HEWITT ASSOCIATES LLC

                                       By: /s/ JOHN M. RYAN
                                           -------------------------------------

                                       Title: Chief Administrative Officer
                                              ----------------------------------

                                       28

<PAGE>

                                    EXHIBIT A

                                Legal Description

                                  See Attached

HCAD:  0547-00-00186 (20.775 acres)
HCAD:  0547-00-00187 (55.986 acres)

Address:       The Woodlands
               Montgomery County, Texas

<PAGE>

                                  76.7609 ACRES
                     BEING ALL OF A CALLED 55.986-ACRE TRACT
                      AND ALL OF A CALLED 20.775-ACRE TRACT
                      OUT OF THE JOHN TAYLOR SURVEY, A-547
                                  THE WOODLANDS
                            MONTGOMERY COUNTY, TEXAS

Being a 76.7609-acre tract of land situated in Montgomery County, Texas in the
John Taylor Survey, A-547, being all of a called 55.986-acre tract and a called
20.775-acre tract conveyed to Hewitt Holdings, L.L.C. by deeds recorded under
County Clerk's File Numbers (CCF No.) 9813696 and 9813702 of the Montgomery
County Real Property Records (M.C.R.P.R.), also being a part of "The Woodlands,
University Forest Drive, North Campus Drive, South Campus Drive, Harvest Lake
Lane, Street Dedication" according to the plat thereof recorded in Cabinet D,
Sheet 173A, of the Montgomery County Map Records (M.C.M.R.), and being more
particularly described by metes and bounds as follows with all control
referenced to the 1927 Texas State Plane Coordinate System, Lambert Projection,
South Central Zone:

BEGINNING at a 5/8-inch iron rod with an aluminum cap found marking the
easternmost northeast corner of Section 35 of the Village of Panther Creek,
according to the Amendment Plat thereof recorded in Cabinet "J", Sheet 11,
MC.M.R., having a Texas State Plane Coordinate Value of X = 3,112,924.76, Y =
867,382.93 and being South 47(degree)23'42" East, 4,888.78 feet from the
northwest corner of said John Taylor Survey, A-547;

THENCE, leaving the East line of said Section 35, North 87(degree)39'53" East,
passing a 0.95 feet the southwest corner of said 55.986-acre tract, same being
the most northerly northwest corner of the said 20.775-acre tract, in all a
distance of 49.68 feet to a 5/8-inch iron rod with an aluminum cap found for
corner in the East line of that certain 50-foot wide Moran Pipeline Company
(Texas Intrastate Gas Company) easement as recorded in Volume 594, Page 446 of
the Montgomery County Deed Records;

THENCE, along the East line of said pipeline easement, North 02(degree)20'07"
West, a distance of 616.17 feet to a 5/8-inch rod with an aluminum cap found for
corner in the northeast line of that certain 1.107 acre sanitary sewer easement
as recorded in CCF No. 9535058, M.C.R.P.R.;

THENCE, with the northeast line of said sanitary sewer easement along a curve to
the right an arc distance of 26.13 feet based on a radius of 460.00 feet, a
central angle of 03(degree)18'15" and having a chord which bears North
32(degree)09'39" West a chord distance of 26.13 feet to a 5/8-inch iron with an
aluminum cap found for a point of tangency;

THENCE, continuing along said northeast line North 30(degree)32'00" West, 21.37
feet to a 5/8-inch iron rod with an aluminum cap found for corner;

THENCE, leaving said northeast line South 79(degree)05'38" West, 33.31 feet to a
5/8-inch iron rod with an aluminum cap found for the southeast corner of North
Campus Drive according to said plat of the Village of Panther Creek Section 35;

THENCE, with the northeasterly right-of-way line of said North Campus Drive
along a curve to the left an arc distance of 226.5 6 feet based on a radius of
540.00 feet, a central angle of

                                       A-1

<PAGE>

24(degree)02'20" and having a chord which bears North 22(degree)55'32" West a
chord distance of 224.90 feet to a 5/8-inch iron rod with an aluminum cap found
for the most southerly corner of Research Forest Section 4 as recorded in
Cabinet "H", Sheet 84-A, M.C.M.R.;

THENCE, along the boundary line of said Section 4 as follows:

     North 64(degree)03'19" East, 71.07 feet to a 5/8-inch iron rod with an
     aluminum cap found for corner;

     North 87(degree)39'53" East, 5.00 feet to a 5/8-inch iron rod with an
     aluminum cap found for corner;

     North 02(degree)20'07" West, 4.00 feet to a 5/8-inch iron rod with an
     aluminum cap found for corner;

     North 87(degree)39'53" East, 65.00 feet to a 5/8-inch iron rod with an
     aluminum cap found for the southeast corner of said Section 4;

     North 02(degree)20'07" West, 210.42 feet to a 5/8-inch iron rod with an
     aluminum cap found for corner;

THENCE, leaving the East line of said Section 4, North 87(degree)39'53" East, at
120.00 feet pass the southeast corner of that certain San Jacinto River
Authority 0.350-acre tract as recorded in CCF No. 9635565, M.C.R.P.R., in all a
total distance of 243.50 feet to a PK nail in concrete found for the southeast
corner of said 0.350-acre tract;

THENCE, along the East line of said 0.350-acre tract North 02(degree)20'07"
West, at 109.50 feet pass its northeast corner, in all a total distance of
160.46 feet to a 5/8-inch iron rod with an aluminum cap found for corner in the
South right-of-way line of Research Forest Drive as recorded in Cabinet "K",
Sheet 78, M.C.M.R.;

THENCE, along said right-of-way line as follows:

     easterly along a curve to the left an arc distance of 431.47 feet based on
     a radius of 1,980.00 feet, a central angle of 12(degree)29'08" and having a
     chord which bears South 87(degree)18'24" East a chord distance of 430.62
     feet to a 5/8-inch iron rod with an aluminum cap found for a point of
     tangency;

     North 86(degree)27'02" East, 520.73 feet to a 5/8-inch iron rod with an
     aluminum cap found for corner;

     North 89(degree)53'03" East, 500.90 feet to a 5/8-inch iron rod with an
     aluminum cap found for corner;

     North 86(degree)27'02" East, 65.80 feet to a 5/8-inch iron rod with an
     aluminum cap found for corner;

                                       A-2

<PAGE>

THENCE, leaving said right-of-way line South 03(degree)32'58" East, 291.00 feet
to a point for corner in the boundary line of existing Lake Woodlands;

THENCE, along the boundary line of existing Lake Woodlands as follows:

     South 16(degree)43'40" West, 37.48 feet to a point for corner;

     South 10(degree)58'56" East, 154.51 feet to a point for corner;

     South 34(degree)37'15" East, 250.98 feet to a point for corner;

     South 00(degree)40'21" East, 64.30 feet to a point for corner;

     South 27(degree)26'17" West, 184.70 feet to a point for corner;

     South 63(degree)35'36" West, 105.49 feet to a point for corner;

     South 27(degree)23'43" West, 82.89 feet to a point for corner;

     South 03(degree)08'42" West, 172.03 feet to a point for corner;

     South 26(degree)31'59" West, 91.36 feet to a point for corner;

     South 69(degree)13'20" West, 120.42 feet to a point for corner;

     South 52(degree)38'12" West, 63.75 feet to a point for corner;

     South 65(degree)45'58" West, 197.79 feet to a point for corner;

     South 54(degree)28'22" West, 44.38 feet to a point for corner;

     South 45(degree)39'17" West, 91.33 feet to a point for the southeast corner
     of said 55.986-acre tract, also being the northeast corner of said
     20.775-acre tract;

     South 04(degree)47'15" East, 43.27 feet to a point for corner;

     South 13(degree)12'49" West, 96.38 feet to a point for corner;

     South 47(degree)14'03" West, 92.03 feet to a point for corner;

     South 27(degree)41'40" West, 144.95 feet to a point for corner;

     South 55(degree)02'29" West, 100.50 feet to a point for corner;

     South 80(degree)23'32" West, 1 55.52 feet to a point for corner;

     North 86(degree)22'58" West, 135.06 feet to a point for corner;

     North 19(degree)21'09" West, 20.37 feet to a point for corner;

                                       A-3

<PAGE>

     South 41(degree)48'25" West, 108.65 feet to a point for corner;

     South 12(degree)26'33" West, 16.80 feet to a point for corner;

     South 24(degree)56'50" West, 11.82 feet to a point for corner;

     South 01(degree)22'14" East, 84.17 feet to a point for corner;

     South 24(degree)41'43" East, 89.56 feet to a point for corner;

     South 50(degree)41'40" East, 97.29 feet to a point for corner;

     South 86(degree)24'04" East, 105.40 feet to a point for corner;

     South 63(degree)10'56" East, 62.93 feet to a point for corner;

     South 25(degree)41'48" East, 66.59 feet to a point for corner;

     South 04(degree)05'06" West, 56.03 feet to a point for corner;

And South 25(degree)01'27" West, 45.47 feet to the southeast corner of said
20.775-acre tract;

THENCE, leaving said Lake Woodlands boundary line, North 75(degree)57'49" West,
75.85 feet to a 5/8-inch iron rod with an aluminum cap found for a point of
curvature;

THENCE, along a curve to the left an arc distance of 782.65 feet based on a
radius 2,080.00 feet, a central angle of 21(degree)33'32" and having a chord
which bears North 86(degree)44'35" West a chord distance of 778.04 feet to a
point for corner;

THENCE, leaving said North line North 02(degree)19'52" West, at 191.12 feet pass
a 5/8-inch iron rod with an aluminum cap found for an angle point in the East
line of said Section 35, in all a total distance of 1,093.67 feet to the POINT
OF BEGINNING and CONTAINING a computed 76.7609 acres of land.

Prepared By:

Sitech Engineering Corporation
1544 Sawdust Road, #100
The Woodlands, TX 77380
Tele # (281) 363-4039
May 11, 1999
Job No. 734-001

--------------------------------
Lou Ann Montana, R.P.L.S., #

                                       A-4

<PAGE>

                                    EXHIBIT B

                                    Site Plan

                                     [chart]

<PAGE>

                                    EXHIBIT C

                      Description of Plans, Specifications
                           and Construction Contracts

                                      None

<PAGE>

                                    EXHIBIT D
                                SCHEDULE OF RENTS

                            HEWITT PROPERTIES IV LLC
                      MORTGAGE STYLE AMORTIZATION SCHEDULE

         PRINCIPAL                    $,55,000,000         THE WOODLANDS, TEXAS
         ANNUAL INTEREST                      7.13%
         PAYMENT PER PERIOD               $430,717
         PERIODS PER YEAR                       12
         TERM (PERIODS)                        240              $55,000,000
         AVERAGE LIFE (PERIODS)              13.17
         DURATION (PERIODS)                  97.65

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------------------------
PMT                                                NEW                      PRESENT                                   YEAR-WEIGHT
DATE       PMT       INTEREST     PRINCIPAL      BALANCE        PAYMENT      VALUE        PROPORTION      DURATION     PRINCIPAL
-----------------------------------------------------------------------------------------------------------------------------------
<S>       <C>       <C>           <C>          <C>              <C>         <C>           <C>              <C>         <C>
May-99      0                                   55,000,000
May-99      1         163,396           -       55,000,000      163,396     162,913           0.0030        0.0030            -
Jun-99      2         326,792           -       55,000,000      326,792     323,901           0.0059        0.0118            -
Jul-99      3         326,792           -       55,000,000      326,792     321,987           0.0059        0.0176            -
Aug-99      4         326,792           -       55,000,000      326,792     320,086           0.0058        0.0233            -
Sep-99      5         326,792           -       55,000,000      326,792     318,195           0.0058        0.0289            -
Oct-99      6         326,792           -       55,000,000      326,792     316,316           0.0058        0.0345            -
Nov-99      7         326,792           -       55,000,000      326,792     314,447           0.0057        0.0400            -
Dec-99      8         326,792           -       55,000,000      326,792     312,590           0.0057        0.0455            -
Jan-00      9         326,792           -       55,000,000      326,792     310,744           0.0056        0.0508            -
Feb-00     10         326,792           -       55,000,000      326,792     308,908           0.0056        0.0562            -
Mar-00     11         326,792       103,925     54,896,075      430,717     404,741           0.0074        0.0809      1,143,176
Apr-00     12         326,174       104,543     54,791,532      430,717     402,351           0.0073        0.0878      1,254,511
May-00     13         325,553        105164     54,686,369      430,717     399,974           0.0073        0.0945      1,367,129
Jun-00     14         324,928       105,789     54,580,580      430,717     397,612           0.0072        0.1012      1,481,040
Jul-00     15         324,300       106,417     54,474,163      430,717     395,263           0.0072        0.1078      1,596,257
Aug-00     16         323,667       107,049     54,367,113      430,717     392,928           0.0071        0.1143      1,712,791
Sep-00     17         323,031       107,685     54,259,428      430,717     390,608           0.0071        0.1207      1,830,653
Oct-00     18         322,391       108,325     54,151,103      430,717     388,300           0.0071        0.1271      1,949,856
Nov-00     19         321,748       108,969     54,042,134      430,717     386,007           0.0070        0.1333      2,070,410
Dec-00     20         321,100       109,616     53,932,517      430,717     383,727           0.0070        0.1395      2,192,328
Jan-01     21         320,449       110,268     53,822,249      430,717     381,460           0.0069        0.1456      2,315,622
Feb-01     22         319,794       110,923     53,711,327      430,717     379,207           0.0069        0.1517      2,440,304
Mar-01     23         319,135       111,582     53,599,745      430,717     376,967           0.0069        0.1576      2,566,385
Apr-01     24         318,472       112,245     53,487,500      430,717     374,741           0.0068        0.1635      2,693,879
May-01     25         317,805       112,912     53,374,588      430,717     372,527           0.0068        0.1693      2,822,797
Jun-01     26         317,134       113,583     53,261,005      430,717     370,327           0.0067        0.1751      2,953,152
Jul-01     27         316,459       114,258     53,146,747      430,717     368,140           0.0067        0.1807      3,084,956
Aug-01     28         315,780       114,937     53,031,811      430,717     365,965           0.0067        0.1863      3,218,222
Sep-01     29         315,097       115,619     52,916,191      430,717     363,804           0.0066        0.1918      3,352,963
Oct-01     30         314,410       116,306     52,799,885      430,717     361,655           0.0066        0.1973      3,489,192
Nov-01     31         313,719       116,997     52,682,888      430,717     359,519           0.0065        0.2026      3,626,921
Dec-01     32         313,024       117,693     52,565,195      430,717     357,395           0.0065        0.2079      3,766,163
Jan-02     33         312,325       118,392     52,446,803      430,717     355,284           0.0065        0.2132      3,906,933
Feb-02     34         311,621       119,095     52,327,708      430,717     353,186           0.0064        0.2183      4,049,242
Mar-02     35         610,914       119,803     52,207,905      430,717     351,100           0.0064        0.2234      4,193,104
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                       D-1

<PAGE>

<TABLE>
-------------------------------------------------------------------------------------------------------------------------
<S>       <C>     <C>          <C>       <C>             <C>          <C>           <C>          <C>         <C>
Apr-02     36     310,202      120,515     52,087,390      430,717     349,026       0.0063      0.2285       4,338,533
May-02     37     309,486      121,231     51,966,159      430,717     346,964       0.0063      0.2334       4,485,542
Jun-02     38     308,766      121,951     51,844,208      430,717     344,915       0.0063      0.2383       4,634,144
Jul-02     39     308,041      122,676     51,721,532      430,717     342,878       0.0062      0.2431       4,784,355
Aug-02     40     307,312      123,405     51,598,128      430,717     340,852       0.0062      0.2479       4,936,186
Sep-02     41     306,579      124,138     52,473,990      430,717     338,839       0.0062      0.2526       5,089,653
Oct-02     42     305,841      124,875     51,349,114      430,717     336,838       0.0061      0.2572       5,244,770
Nov-02     43     305,099      125,617     51,223,497      430,717     334,848       0.0061      0.2618       5,401,550
Dec-02     44     304,353      126,634     51,097,133      430,717     332,870       0.0061      0.2663       5,560,008
Jan-03     45     303,602      127,115     50,970,018      430,717     330,904       0.0060      0.2707       5,720,158
Feb-03     46     302,847      127,870     50,842,148      430,717     328,950       0.0060      0.2751       5,882,016
Mar-03     47     302,087      128,630     50,713,519      430,717     327,007       0.0059      0.2794       6,045,594
Apr-03     48     301,323      129,394     50,584,125      430,717     325,075       0.0059      0.2837       6,210,909
May-03     49     300,554      130,163     50,453,962      430,717     323,155       0.0059      0.2879       6,377,975
Jun-03     50     299,781      130,936     50,323,026      430,717     321,246       0.0058      0.2920       6,546,807
Jul-03     51     299,003      131,714     50,191,312      430,717     319,349       0.0058      0.2961       6,717,420
Aug-03     52     298,220      132,497     50,058,815      430,717     317,463       0.0058      0.3001       6,889,829
Sep-03     53     297,433      133,284     49,925,531      430,717     315,588       0.0057      0.3041       7,064,050
Oct-03     54     296,641      134,076     49,791,455      430,717     313,724       0.0057      0.3080       7,240,099
Nov-03     55     295,844      134,873     49,656,583      430,717     311,871       0.0057      0.3119       7,417,989
Dec-03     56     295,013      135,674     49,520,909      430,717     310,028       0.0056      0.3157       7,597,738
Jan-04     57     294,237      136,480     49,384,429      430,717     308,197       0.0056      0.3194       7,779,362
Feb-04     58     293,426      137,291     49,247,138      430,717     306,377       0.0056      0.3231       7,962,875
Mar-04     59     292,610      138,107     49,109,031      430,717     304,567       0.0055      0.3267       8,148,294
Apr-04     60     291,789      138,927     48,970,104      430,717     302,768       0.0055      0.3303       8,335,636
May-04     61     290,964      139,753     48,830,351      430,717     300,980       0.0055      0.3338       8,524,916
Jun-04     62     290,134      140,583     48,689,768      430,717     299,202       0.0054      0.3373       8,716,152
Jul-04     63     289,298      141,418     48,548,350      430,717     297,435       0.0054      0.3407       8,909,359
Aug-04     64     288,458      142,259     48,406,091      430,717     295,678       0.0054      0.3441       9,104,554
Sep-04     65     287,613      143,104     48,262,987      430,717     293,932       0.0053      0.3474       9,301,754
Oct-04     66     286,763      143,954     48,119,033      430,717     292,196       0.0053      0.3506       9,500,976
Nov-04     67     285,907      144,810     47,974,223      430,717     290,470       0.0053      0.3538       9,702,237
Dec-04     68     285,047      145,670     47,828,553      430,717     288,754       0.0053      0.3570       9,905,555
Jan-05     69     284,181      146,535     47,682,018      430,717     287,048       0.0052      0.3601      10,110,945
Feb-05     70     283,311      147,406     47,534,612      430,717     285,353       0.0052      0.3632      10,318,427
Mar-05     71     282,435      148,282     47,386,330      430,717     283,667       0.0052      0.3662      10,528,018
Apr-05     72     281,554      149,163     47,237,167      430,717     281,992       0.0051      0.3692      10,739,735
May-05     73     280,668      150,049     47,087,118      430,717     280,326       0.0051      0.3721      10,953,596
Jun-05     74     279,776      150,941     46,936,177      430,717     278,671       0.0051      0.3749      11,169,620
Jul-05     75     278,879      151,838     46,784,339      430,717     277,025       0.0050      0.3778      11,387,823
Aug-05     76     277,977      152,740     46,631,599      430,717     275,388       0.0050      0.3805      11,608,226
Sep-05     77     277,069      153,647     46,477,952      430,717     273,762       0.0050      0.3833      11,830,845
Oct-05     78     276,156      154,560     46,323,392      430,717     272,145       0.0049      0.3859      12,055,701
Nov-05     79     275,238      155,479     46,167,913      430,717     270,537       0.0049      0.3886      12,282,810
Dec-05     80     274,314      156,402     46,011,511      430,717     268,939       0.0049      0.3912      12,512,193
Jan-06     81     273,385      157,332     45,854,179      430,717     267,351       0.0049      0.3937      12,743,868
Feb-06     82     272,450      158,267     45,695,913      430,717     265,772       0.0048      0.3962      12,977,854
Mar-06     83     271,510      159,207     45,536,706      430,717     264,202       0.0048      0.3987      13,214,171
Apr-06     84     270,564      160,153     45,376,553      430,717     262,641       0.0048      0.4011      13,452,838
May-06     85     269,612      161,104     45,215,448      430,717     261,090       0.0047      0.4035      13,693,875
Jun-06     86     268,655      162,062     45,053,387      430,717     259,548       0.0047      0.4058      13,937,301
Jul-06     87     267,692      163,025     44,890,362      430,717     258,015       0.0047      0.4081      14,183,136
Aug-06     88     266,724      163,993     44,726,369      430,717     256,491       0.0047      0.4104      14,431,401
-------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                       D-2

<PAGE>

<TABLE>
--------------------------------------------------------------------------------------------------------------------------------
<S>       <C>         <C>          <C>       <C>           <C>         <C>            <C>           <C>          <C>
Sep-06     89         265,749       164,968    44,561,402      430,717     254,976       0.0046        0.4126      14,682,115
Oct-06     90         264,769       165,948    44,395,454      430,717     253,470       0.0046        0.4148      14,935,299
Nov-06     91         263,783       166,934    44,228,520      430,717     251,973       0.0046        0.4169      15,190,974
Dec-06     92         262,791       167,926    44,060,594      430,717     250,484       0.0046        0.4190      15,449,159
Jan-07     93         261,793       168,923    43,891,671      430,717     249,005       0.0045        0.4210      15,709,876
Feb-07     94         260,790       169,927    43,721,744      430,717     247,534       0.0045        0.4231      15,973,146
Mar-07     95         259,780       170,937    43,550,807      430,717     246,072       0.0045        0.4250      16,238,990
Apr-07     96         258,764       171,952    43,378,855      430,717     244,619       0.0044        0.4270      16,507,429
May-07     97         257,743       172,974    43,205,881      430,717     243,174       0.0044        0.4289      16,778,485
Jun-07     98         256,715       174,002    43,031,879      430,717     241,738       0.0044        0.4307      17,052,179
Jul-07     99         255,681       175,036    42,856,843      430,717     240,310       0.0044        0.4326      17,328,533
Aug-07     100        254,641       176,076    42,680,767      430,717     238,890       0.0043        0.4343      17,607,569
Sep-07     101        253,595       177,122    42,503,646      430,717     237,479       0.0043        0.4361      17,889,309
Oct-07     102        252,542       178,174    42,325,471      430,717     236,077       0.0043        0.4378      18,173,775
Nov-07     103        251,484       179,233    42,146,238      430,717     234,682       0.0043        0.4395      18,460,991
Dec-07     104        250,419       180,298    41,965,941      430,717     233,296       0.0042        0.4411      18,750,978
Jan-08     105        249,348       181,369    41,784,571      430,717     231,918       0.0042        0.4428      19,043,759
Feb-08     106        248,270       182,447    41,602,125      430,717     230,548       0.0042        0.4443      19,339,357
Mar-08     107        247,186       183,531    41,418,594      430,717     229,186       0.0042        0.4459      19,637,796
Apr-08     108        246,095       184,621    41,233,973      430,717     227,833       0.0041        0.4474      19,939,099
May-08     109        244,999       185,718    41,048,254      430,717     226,487       0.0041        0.4489      20,243,288
Jun-08     110        243,895       186,822    40,861,433      430,717     225,149       0.0041        0.4503      20,550,389
Jul-08     111        242,785       187,932    40,673,501      430,717     223,819       0.0041        0.4517      20,860,424
Aug-08     112        241,668       189,048    40,484,452      430,717     222,497       0.0040        0.4531      21,173,418
Sep-08     113        240,545       190,172    40,294,281      430,717     221,183       0.0040        0.4544      21,489,395
Oct-08     114        239,415       191,302    40,102,979      430,717     219,877       0.0040        0.4557      21,808,380
Nov-08     115        238,279       192,438    39,910,541      430,717     218,578       0.0040        0.4570      22,130,396
Dec-08     116        237,135       193,582    39,716,959      430,717     217,287       0.0040        0.4583      22,455,469
Jan-09     117        235,985       194,732    39,522,228      430,717     216,004       0.0039        0.4595      22,783,624
Feb-09     118        234,828       195,889    39,326,339      430,717     214,728       0.0039        0.4607      23,114,886
Mar-09     119        233,664       197,053    39,129,286      430,717     213,459       0.0039        0.4618      23,449,279
Apr-09     120        232,493       198,224    38,931,062      430,717     212,799       0.0039        0.4630      23,786,831
May-09     121        231,315       199,401    38,731,661      430,717     210,945       0.0038        0.4641      24,127,566
Jun-09     122        230,131       200,586    38,531,075      430,717     209,699       0.0038        0.4651      24,471,510
Jul-09     123        228,939       201,778    38,329,297      430,717     208,461       0.0038        0.4662      24,818,689
Aug-09     124        227,740       202,977    38,126,320      430,717     207,229       0.0038        0.4672      25,169,130
Sep-09     125        226,534       204,183    37,922,137      430,717     206,005       0.0037        0.4682      25,522,860
Oct-09     126        225,321       205,396    37,716,741      430,717     204,789       0.0037        0.4691      25,879,904
Nov-09     127        224,100       206,616    37,510,125      430,717     203,579       0.0037        0.4701      26,240,290
Dec-09     128        222,873       207,844    37,302,280      430,717     202,377       0.0037        0.4710      26,604,046
Jan-10     129        221,638       209,079    37,093,201      430,717     201,181       0.0037        0.4719      26,971,197
Feb-10     130        220,395       210,321    36,882,880      430,717     199,993       0.0036        0.4727      27,341,772
Mar-10     131        219,146       211,571    36,671,309      430,717     198,812       0.0036        0.4735      27,715,799
Apr-10     132        217,889       212,828    36,458,481      430,717     197,637       0.0036        0.4743      28,093,305
May-10     133        216,624       214,093    36,244,388      430,717     196,470       0.0036        0.4751      28,474,319
Jun-10     134        215,352       215,365    36,029,024      430,717     195,309       0.0036        0.4758      28,858,868
Jul-10     135        214,072       216,644    35,812,379      430,717     194,156       0.0035        0.4766      29,246,982
Aug-10     136        212,785       217,932    35,594,448      430,717     193,009       0.0035        0.4776      29,638,690
Sep-10     137        211,490       219,226    35,375,221      430,717     191,869       0.0035        0.4779      30,034,019
Oct-10     138        210,188       220,529    35,154,692      430,717     190,736       0.0035        0.4786      30,433,000
Nov-10     139        208,877       221,839    34,932,853      430,717     189,609       0.0034        0.4792      30,835,663
Dec-10     140        207,559       223,157    34,709,696      430,717     188,489       0.0034        0.4798      31,242,035
Jan-11     141        206,233       224,483    34,485,212      430,717     187,376       0.0034        0.4804      31,652,148
--------------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                       D-3

<PAGE>

<TABLE>
-----------------------------------------------------------------------------------------------------------------------------
<S>        <C>    <C>            <C>         <C>             <C>         <C>           <C>         <C>        <C>
Feb-11     142      204,900       225,817     34,259,395      430,717     186,269       0.0034      0.4809      32,066,032
Mar-11     143      203,558       227,159     34,032,237      430,717     185,169       0.0034      0.4814      32,483,716
Apr-11     144      202,208       228,509     33,803,728      430,717     184,075       0.0033      0.4819      32,905,232
May-11     145      200,850       229,866     33,573,862      430,717     182,988       0.0033      0.4824      33,330,611
Jun-11     146      199,485       231,232     33,342,630      430,717     181,907       0.0033      0.4829      33,759,882
Jul-11     147      198,111       232,606     33,110,024      430,717     180,833       0.0033      0.4833      34,193,078
Aug-11     148      196,729       233,988     32,876,036      430,717     179,765       0.0033      0.4837      34,630,230
Sep-11     149      195,338       235,378     32,640,657      430,717     178,703       0.0032      0.4841      35,071,369
Oct-11     150      193,940       236,777     32,403,880      430,717     177,647       0.0032      0.4845      35,516,529
Nov-11     151      192,533       238,184     32,165,697      430,717     176,598       0.0032      0.4848      35,965,740
Dec-11     152      191,118       239,599     31,926,098      430,717     175,555       0.0032      0.4852      36,419,035
Jan-12     153      189,694       241,023     31,685,075      430,717     174,518       0.0032      0.4855      36,876,447
Feb-12     154      188,262       242,455     31,442,621      430,717     173,487       0.0032      0.4858      37,338,010
Mar-12     155      186,822       243,895     31,198,725      430,717     172,462       0.0031      0.4860      37,803,755
Apr-12     156      185,372       245,344     30,953,381      430,717     171,444       0.0031      0.4863      38,273,716
May-12     157      183,915       246,802     30,706,579      430,717     170,431       0.0031      0.4865      38,747,928
Jun-12     158      182,448       248,269     30,458,311      430,717     169,424       0.0031      0.4867      39,226,424
Jul-12     159      180,973       249,744     30,208,567      430,717     168,424       0.0031      0.4869      39,709,238
Aug-12     160      179,489       251,228     29,957,339      430,717     167,429       0.0030      0.4871      40,196,405
Sep-12     161      177,997       252,720     29,704,619      430,717     166,440       0.0030      0.4872      40,687,958
Oct-12     162      176,495       254,222     29,450,397      430,717     165,457       0.0030      0.4873      41,183,935
Nov-12     163      174,984       255,732     29,194,665      430,717     164,480       0.0030      0.4875      41,684,368
Dec-12     164      173,465       257,252     28,937,413      430,717     163,508       0.0030      0.4875      42,189,294
Jan-13     165      171,936       258,780     28,678,633      430,717     162,542       0.0030      0.4876      42,698,749
-----------------------------------------------------------------------------------------------------------------------------
</TABLE>

                                       D-4

<PAGE>

                       FIRST AMENDMENT TO LEASE AGREEMENT

         THIS FIRST AMENDMENT TO LEASE AGREEMENT (this "Lease") is made as of
the 31st day of May, 2002 between HEWITT PROPERTIES IV LLC, an Illinois limited
liability company, having its principal office at 100 Half Day Road,
Lincolnshire, Illinois 60069 (the "Landlord"), and HEWITT ASSOCIATES LLC, an
Illinois limited liability company, having its principal office at 100 Half Day
Road, Lincolnshire, Illinois 60069 (the "Tenant").

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

         Landlord and Tenant have entered into that certain Lease Agreement
dated as of April 22, 1999 ("Lease") for approximately 77 acres situated in The
Woodlands, Texas, County of Montgomery and legally described on Exhibit A
attached hereto and made a part hereof (the "Land"), together with all
improvements located thereon. All capitalized terms used herein and not
otherwise defined shall have the definition provided to them in the Lease.

         Contemporaneously with the execution of the Lease, Landlord issued
$85,000,000 of its Secured Credit Tenant Notes due 2020 (the "Notes") pursuant
to a Note Purchase Agreement (the "Original Note Agreement") which Notes and
obligations are secured in substantial part by the Lease.

         Landlord and the holders of the Notes are amending the Original Note
Agreement and in connection therewith desire to amend the Lease as set forth
herein.

         1. Definition of Note Amendment. The term "Note Agreement" as used in
the Lease as amended hereby and as may be further amended or modified shall mean
that certain Note Purchase Agreement dated as of April 22, 1999 among Landlord,
Tenant and the Purchasers (as such term is defined in the Note Purchase
Agreement) and any and all existing and future modifications, amendments and/or
supplements thereto.

         2. Choice of Law and Interpretation. This Amendment shall be governed
by the internal law of the State of Illinois, without considering such state's
choice of law rules.

         3. Conflict. In the event of any conflict between the terms of this
Amendment and the language of the Lease, the terms of this Amendment shall
control.

         4. Counterpart. This Amendment may be executed in two or more
counterparts, each of which shall be an original, but all of which taken
together shall constitute one and the same agreement.

         5. Lease Terms Unmodified. Except as set forth above, the Lease shall
remain unmodified and in full force and effect.

                                       29

<PAGE>

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

                                       LANDLORD:

                                       HEWITT PROPERTIES III LLC

                                       By: /s/ C.L. CONNOLLY III
                                           -------------------------------------
                                       Title: Authorized Representative

                                       TENANT:

                                       HEWITT ASSOCIATES LLC

                                       By: /s/ C.L. CONNOLLY III
                                           -------------------------------------
                                       Title: Authorized Representative

                                       30<PAGE>

                                                                   Exhibit 10.27

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

                                 LEASE AGREEMENT

                             ORLANDO, ORANGE COUNTY,
                                FLORIDA PROPERTY

                       Landlord: HEWITT PROPERTIES IV LLC

                          Tenant: HEWITT ASSOCIATES LLC

                              as of April 22, 1999

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

<PAGE>

                                TABLE OF CONTENTS

1.    Initial Development.....................................................1
2.    Term and Occupancy......................................................2
3.    Rent....................................................................2
4.    Use.....................................................................3
5.    Maintenance, Repairs and Replacements...................................3
6.    Alterations.............................................................3
7.    Signs...................................................................4
8.    Utilities and Services..................................................4
9.    Compliance with Law.....................................................4
10.   Landlord's Title, Authority and Quiet Enjoyment; Tenant's Authority.....5
11.   Subordination...........................................................5
12.   Assignment and Sublease.................................................5
13.   Lease Extension.........................................................7
14.   Impositions.............................................................7
15.   Insurance...............................................................8
16.   Destruction and Restoration.............................................9
17.   Condemnation...........................................................10
18.   Default by Tenant......................................................13
19.   Landlord's Remedies....................................................13
20.   Notices................................................................14
21.   Brokerage..............................................................14
22.   Estoppel...............................................................14
23.   Hazardous Substances...................................................15
24.   Surrender..............................................................16
25.   Liens..................................................................16
26.   Interest...............................................................17
27.   Inspections............................................................17
28.   Transfer of Landlord's Interest........................................17
29.   Indemnity..............................................................17
30.   Modification of Lease..................................................18
31.   Choice of Law and Interpretation.......................................18
32.   Independent Covenant; Net Lease........................................18
33.   Entry by Landlord......................................................18
34.   Survival of Obligations................................................18
35.   Option to Purchase Demised Premises....................................18
36.   No Merger..............................................................20

Exhibit A - Legal Description
Exhibit B - Site Plan
Exhibit C - List of Plans and Specifications and Construction Contracts
Exhibit D - Schedule of Rents

                                       i

<PAGE>

      THIS LEASE AGREEMENT (this "Lease") is made as of the 22nd day of April,
1999 between HEWITT PROPERTIES IV LLC, an Illinois limited liability company,
having its principal office at 100 Half Day Road, Lincolnshire, Illinois 60069
(the "Landlord"), and HEWITT ASSOCIATES LLC, an Illinois limited liability
company, having its principal office at 100 Half Day Road, Lincolnshire,
Illinois 60069 (the "Tenant").

                              W I T N E S S E T H:

      Landlord, for and in consideration of the rents, covenants and agreements
hereinafter set forth on the part of Tenant to be paid, kept, observed and
performed does hereby lease unto Tenant, and Tenant does hereby take subject to
the conditions herein expressed, all those parcels of land consisting of
approximately 97 acres situated in Orlando, Florida, County of Orange and
legally described on Exhibit A attached hereto and made a part hereof (the
"Land"), together with all improvements located on and to be constructed thereon
by Landlord, which are hereinafter called "Landlord's Improvements." Landlord's
Improvements and all other improvements, machinery, building equipment, fixtures
and other property, real, personal or mixed (except Tenant's trade fixtures),
installed or located thereon, together with all additions, alterations and
replacements thereof are herein collectively, the "Improvements". The Land and
the Improvements are hereinafter collectively referred to as the "Demised
Premises." The parties acknowledge that contemporaneously herewith, Landlord is
issuing $85,000,000 of its Secured Credit Tenant Notes due 2020 (the "Notes")
pursuant to a Note Purchase Agreement (the "Note Agreement") which Notes and
obligations are secured in substantial part by this Lease and a substantially
similar lease dated as of April 22, 1999 for certain property in The Woodlands,
Montgomery County, Texas (the "Texas Lease"). Capitalized terms not otherwise
defined herein shall have the meanings set forth in the Note Agreement.

      1.    Initial Development.

      A.    Landlord will cause Landlord's Improvements depicted on the Site
Plan attached hereto as Exhibit B to be constructed in accordance with the plans
and specifications and construction contracts described on Exhibit C hereto.

      B.    Landlord agrees, at Landlord's sole cost and expense, to cause
construction of Landlord's Improvements as follows:

            (i) in accordance with Exhibits B and C; and

            (ii) Landlord shall cause Final Project Completion (as hereinafter
      defined) to occur on or prior to January 22, 2000.

Landlord shall notify Tenant of the anticipated Final Project Completion. Tenant
shall have the right to enter the Demised Premises during the sixty (60) day
period preceding the Final Project Completion for the purpose of installing its
equipment and receiving raw materials and Tenant does hereby agree to assume all
risk of loss or damage to such equipment and raw materials, and to indemnify,
defend and hold harmless Landlord from and against any loss or damage to such

<PAGE>

equipment and raw materials and all liability, loss or damage arising from any
injury to the property of Landlord, or its contractors, subcontractors or
materialmen, and any death or personal injury to any person or persons arising
out of such installation. Landlord agrees to cooperate with Tenant at Tenant's
expense so that Tenant's contractors and tradespeople will be permitted to
reasonably perform their work without material interference. Tenant agrees to
cooperate with Landlord so that Landlord's contractors and tradespeople will be
permitted to reasonably perform their work without material interference.

      C.    [Intentionally Omitted]

      D.    "Final Project Completion" shall mean the municipality having
jurisdiction over the Demised Premises issues a final certificate of occupancy
permitting Tenant to occupy all of Landlord's Improvements or takes such other
action as may be customary to permit occupancy or use thereof and all of
Landlord's Improvements are otherwise ready for beneficial use and occupancy by
Tenant subject to completion of any Punchlist Items by Landlord; Landlord's
architect certifies that all of Landlord's Improvements have been constructed
and completed in a good and workmanlike manner in accordance with the approved
plans and specifications therefor and with this Lease and comply with applicable
laws, ordinances and regulations and all of Landlord's Improvements are
otherwise ready for beneficial use and occupancy by Tenant subject to completion
of any Punchlist Items by Landlord; Landlord shall have obtained title insurance
in form satisfactory to mortgagee insuring the completed Demised Premises free
of Liens not permitted by the Operative Agreements.

      E.    Within thirty (30) days of Final Project Completion, Tenant shall
execute and deliver to Landlord a punchlist (the "Punchlist") of incomplete
items (the "Punchlist Items"). Landlord shall use all reasonable efforts to
complete the Punchlist Items as soon as possible after receipt of the Punchlist.

      F.    Landlord covenants that the Demised Premises (except trade fixtures,
equipment, machinery or any other item constructed or installed by Tenant) will
conform as of the Rent Commencement Date to applicable laws, regulations, or
other governmental orders relating to the physical condition of the Demised
Premises. Landlord shall be responsible for procuring building and other permits
and licenses necessary for construction of Landlord's Improvements.

      2.    Term and Occupancy. The term of this Lease shall commence on the
date hereof (the "Commencement Date"), and shall end on the date which is the
twentieth (20th) anniversary of the Rent Commencement Date (the "Expiration
Date"), unless the term be extended or earlier terminated as provided herein.

      3.    Rent.
            -----

      A.    The annual base rental (the "Base Rent") is set forth on the
Schedule of Rents attached hereto as Exhibit D. Base Rent shall be paid monthly,
in arrears, in equal installments without offset or deduction commencing March
22, 2000 (the "Rent Commencement Date") and on the 22nd day of each month
through the Expiration Date. Until advised in writing to the

                                       2

<PAGE>

contrary by Landlord, Tenant shall pay all Base Rent, Additional Rent and all
other amounts due Landlord hereunder to Harris Trust and Savings Bank, 311 West
Monroe Street, Chicago, Illinois 60606, Attn: Indenture Trust Division.

      B.    Tenant at its option, upon notice as provided below may prepay Base
Rent, if in part, then in an amount sufficient to allow Landlord to prepay the
Notes in an aggregate principal amount of $5,000,000 or integral multiples of
$100,000 in excess thereof, together with accrued interest thereon, plus the
Make-Whole Amount.

      Notice of prepayment of Base Rent shall be given to Landlord not less than
thirty (30) nor more than sixty (60) days before the date fixed for prepayment
(the "Optional Prepayment Date") and shall be accompanied by certificate of
Tenant certifying as to: (i) the Optional Prepayment Date, (ii) the aggregate
amount to be paid on such Optional Prepayment Date, (iii) the portion thereof
allocable to the prepayment of principal of the Notes by Landlord, and (iv) the
portion thereof allocable to payment of accrued interest and Make-Whole Amount
that Landlord would be required to pay if such prepayment were made on the date
notice is being given hereunder together with the detailed calculations used in
determining the Make-Whole Amount. In addition, promptly upon becoming able to
calculate the portion of the prepayment allocable to Make-Whole Amount, Tenant
shall provide notice to Landlord of its determination of the amount of such
portion. Any notice of prepayment so given, Tenant shall be obligated to pay
Landlord on such Optional Prepayment Date the amount referred to above. Nothing
in this paragraph shall relieve Tenant of its obligation to pay accrued rent due
and payable on any Optional Prepayment Date.

      C.    Upon any prepayment of Base Rent as provided herein or as required
under the Note Agreement, each installment of rent payable during the term shall
be reduced pro rata.

      4.    Use.
            ---

      The Demised Premises shall be used and occupied by Tenant as office and
parking space (the "Tenant's Use"). Landlord represents that the Demised
Premises are currently zoned to permit general office and parking use. In
addition, Tenant may use all or any part of the Demised Premises for any lawful
purpose incidental to Tenant's Use then permitted by local zoning ordinances and
the certificate of occupancy provided, however, Tenant may not use or occupy the
Demised Premises, or permit the Demised Premises to be used or occupied in such
a manner as to cause the value or usefulness of the Demised Premises, or any
part thereof, substantially to diminish.

      5.    Maintenance, Repairs and Replacements. During the term of this
Lease, Tenant shall, at Tenant's sole expense, keep the Demised Premises in good
working order, condition and repair as a first class office complex and in
compliance with all applicable laws and shall perform all maintenance thereof
and all necessary repairs and replacements thereto, interior and exterior,
structural and nonstructural, ordinary and extraordinary, foreseen or
unforeseen, of every nature, kind and description. When used in this paragraph,
"repairs" shall include all necessary replacements, renewals, alterations,
additions and betterments. If Tenant

                                       3

<PAGE>

cannot keep the Demised Premises or any portion thereof in good working order,
condition and repair, then Tenant shall replace the same in a first-class
manner. Tenant shall comply with manufacturers recommended schedules for
warranty work. All repairs and replacements made by Tenant shall be at least
equal in quality to the original work and shall be made by Tenant in accordance
with all applicable laws. The necessity for or adequacy of maintenance, repairs
and replacements shall be measured by the standards which are appropriate for
improvements of similar first class office construction.

      6.    Alterations.
            -----------

      A.    Tenant shall have the right to make any alterations of and additions
to the Improvements (including alterations arising due to casualty or
condemnation), provided in all cases that no Events of Default exist hereunder
and such alterations shall (a) not reduce the gross square footage of the
Improvements, (b) not adversely affect the structural or systemic soundness of
the Improvements, (c) not adversely affect the fair market value of the Demised
Premises, (d) be undertaken with due diligence in a good and workmanlike fashion
consistent with the first class nature of the Demised Premises, (e) not violate
any law, regulation, restriction or requirements of this Lease, and (f) shall,
in the case of alterations, the estimated cost of which exceeds $1,000,000, be
under the supervision of architects/engineers reasonably satisfactory to
Landlord and any mortgagee pursuant to plans and specifications reasonably
approved by Landlord and any mortgagee. Tenant shall deliver to Landlord "as
built" working drawings of any alteration within sixty (60) days of completion
of construction thereof.

      B.    The cost of any alteration shall be paid for by Tenant so that the
Demised Premises and all portions thereof shall at all times be free of liens
for labor and materials supplied to the Demised Premises. The work of any
alteration shall be prosecuted with reasonable dispatch. Tenant shall obtain and
maintain, at its sole cost and expense, during the performance of such work,
worker's compensation insurance covering all persons employed in connection with
the work and with respect to which death or injury claims could be asserted
against Landlord or Tenant or against the Demised Premises or any interest
therein, together with comprehensive general liability insurance for the mutual
benefit of Landlord and Tenant with limits of not less than Three Million
Dollars ($3,000,000) in the event of injury to one person, Ten Million
($10,000,000) Dollars in respect to any one accident or occurrence, and Two
Million Dollars ($2,000,000) for property damage, and "builder's risk" insurance
on a completed value form or other comparable coverage on the work. All such
insurance shall be in a company or companies authorized to do business in the
state in which the Demised Premises are located and rated A-XIII by A.M. Best's
insurance ratings or other comparable and nationally recognized rating entity,
and all such policies of insurance shall be delivered to Landlord endorsed
"Premium Paid" by the company or agency issuing the same prior to the start of
any such construction.

      C.    No change, alteration, restoration or new construction shall be in
or connect the Improvements with any property, building or other improvement
located outside the boundaries of the Land, nor shall the same obstruct or
interfere with any existing easement.

                                       4

<PAGE>

      D.    Tenant shall notify Landlord in writing 30 days prior to commencing
any alterations, additions or improvements to the Demised Premises which have
been approved by Landlord so that Landlord shall have the right to record and
post notices of nonresponsibility on the Demised Premises.

      E.    All improvements and alterations made or installed by Tenant shall
immediately, upon completion or installation thereof, become the property of
Landlord without payment therefor by Landlord, and shall be surrendered to
Landlord on the expiration of the term of this Lease.

      7.    Signs. Tenant may install, at its expense, signs containing Tenant's
name at the Demised Premises, provided that such signs (a) do not cause any
structural or other damage to the Demised Premises; (b) do not violate
applicable governmental laws, ordinances, rules or regulations; (c) do not
violate any existing restrictions affecting the Demised Premises; and (d) are
compatible with the architecture of the Demised Premises and the landscaped
areas.

      8.    Utilities and Services.
            ----------------------

      A.    Tenant shall contract for and pay directly for the cost of usage of
all utilities including all charges for water, heat, gas, light, garbage,
electricity, telephone, data, sewage, steam, power or other public or private
utility services. In the event that any charge or fee is required by the state
in which the Demised Premises are located, or any city or other agency,
subdivision, or instrumentality thereof, or by any utility company furnishing
services or utilities to the Demised Premises, as a condition precedent to
furnishing or continuing to furnish utilities or services to the Demised
Premises, such charge or fee shall be deemed to be a utility charge payable by
Tenant.

      B.    Tenant acknowledges that any one or more of the services provided
for herein may be interrupted or suspended by reason of accident, repair,
alterations or improvements necessary to be made, strike, lockout, misuse or
neglect by Tenant or Tenant's agents, employees or invitees, or by shortages of
fuel or other energy supplies to be provided by public or private utilities or
suppliers or by other matters, and Landlord shall not be liable to Tenant
therefor, nor shall Tenant have any right to terminate the Lease or other rights
(including but not limited to any reduction or abatement of rent) against
Landlord in the event of a failure, interruption or suspension of any of the
aforesaid services.

      9.    Compliance with Law. Tenant shall throughout the term of this Lease,
at Tenant's sole cost and expense, comply with or remove or cure any violation
of any applicable laws, orders, statutes, ordinances, rules, regulations and
requirements of federal, state and municipal governments, including, without
limitation, any applicable laws, orders, statutes, ordinances, rules,
regulations and requirements of any federal, state or local government relating
to occupational safety and health (collectively, the "OSHA Regulations"), all
applicable rules and regulations of the Board of Fire Underwriters and any
requirements of the certificate of occupancy or any permit with respect to the
Demised Premises and the sidewalks, curbs, roadways, alleys, entrances or
railroad track facilities, if any, adjacent or appurtenant thereto, and

                                       5

<PAGE>

whether the compliance, curing or removal of any such violation and the costs
and expenses necessitated thereby shall have been foreseen or unforeseen,
ordinary or extraordinary, and whether or not the same shall be presently within
the contemplation of Landlord or Tenant or shall involve any change of
governmental policy, or require structural or extraordinary repairs, alterations
or additions by Tenant and irrespective of the costs thereof. Tenant, at its
sole cost and expense, shall comply with all agreements, contracts, easements,
restrictions, reservations or covenants, if any, affecting the Demised Premises
or hereafter created by, consented to, or requested by Tenant or Landlord.
Tenant shall also comply with, observe and perform all provisions and
requirements of all policies of insurance at any time in force with respect to
the Demised Premises and shall comply with all development permits issued by
governmental authorities issued in connection with development of the Demised
Premises. Tenant shall procure and maintain all permits and licenses required
for the transaction of Tenant's business at the Demised Premises.

      10.   Landlord's Title, Authority and Quiet Enjoyment; Tenant's Authority.
            -------------------------------------------------------------------

      A.    [Reserved]

      B.    So long as Tenant performs each and every term, provision and
condition herein contained on the part of Tenant to be kept and performed,
Tenant shall peacefully and quietly enjoy the Demised Premises without hindrance
or molestation by Landlord or by any other person claiming by, through or under
Landlord, subject to the terms of the Lease.

      C.    Tenant represents and warrants that it has full and complete
authority to enter into this Lease under all of the terms, conditions and
provisions set forth herein.

      D.    Tenant hereby approves the condition of Landlord's title to the
Demised Premises. This Lease shall be subject to all easements, covenants,
conditions and restrictions presently existing or hereafter created upon the
Demised Premises; provided, however, Landlord shall not permit or cause any
easements, covenants, restrictions, conditions or other changes in Landlord's
title which would materially and adversely impact Tenant's Use.

      11.   Subordination. The priority of this Lease and the leasehold estate
of Tenant created hereunder are and shall be subject and subordinate to the lien
of any mortgage, deed of trust, sale-leaseback, ground lease or similar
encumbrance, whether such encumbrance is placed against the fee or leasehold
estate, affecting the Demised Premises and to all renewals, modifications,
consolidations, replacements and extensions thereof, and advances thereunder.
Tenant agrees at any time hereafter, upon demand, to execute and deliver any
instruments, releases or other documents that may reasonably be required for the
purpose of subjecting and subordinating this Lease, as above provided, to the
lien of any such mortgage, deed of trust, ground lease, sale-leaseback or
similar encumbrance in a form reasonably acceptable to Tenant and the holder of
such mortgage or instrument.

                                       6

<PAGE>

      12.   Assignment and Sublease. Provided there are no Events of Defaults
hereunder or under the Note Agreement, as defined herein and therein, Tenant may
assign this Lease or sublease all or any portion of the Demised Premises subject
to the terms hereof.

      Tenant shall not assign this Lease without the exclusive prior written
consent of Landlord and any mortgagee. Notwithstanding the foregoing, Tenant may
assign this Lease to any person which is a successor to Tenant as permitted by
the terms of the Note Agreement.

      If this Lease is assigned, Lessor may collect Base Rent and Additional
Rent directly from such assignee. If any part of the Demised Premises is sublet
and any Event of Default exists hereunder, Landlord may collect Base Rent and
Additional Rent from such subtenant.

      Any assignment or sublease shall require the assignee or subtenant to
comply with all terms of this Lease except for any sublease term, which shall be
at Tenant's discretion (but in no event extend beyond the term of this Lease),
and a duplicate original of such sublease or assignment shall be delivered to
Landlord at least ten (10) days prior to the commencement of such sublease or
assignment.

      Any assignee shall assume, by instrument in form and content satisfactory
to Landlord, the due performance of all of Tenant's obligations under this
Lease, including any accrued obligations at the time of the effective date of
the assignment, and such assumption agreement shall state that the same is made
by the assignee for the express benefit of Landlord as a third party beneficiary
thereof.

      Each sublease permitted hereby shall be subject and subordinate to all of
the terms, covenants and conditions of this Lease and to all of the rights of
Landlord hereunder; and in the event this Lease shall terminate before the
expiration of such sublease, the sublessee thereunder will, at Landlord's
option, attorn to Landlord and waive any rights the sublessee may have to
terminate the sublease or to surrender possession thereunder, as a result of the
termination of this Lease. No sublease shall be permitted hereby unless as a
condition to effectiveness thereof, Tenant shall have assigned to Landlord and
Landlord shall have effectively assigned to mortgagee such sublease.

      Tenant agrees to pay on behalf of Landlord any and all costs of Landlord
or otherwise occasioned by such assignment or subletting, including without
limitation, the cost of any alteration, addition, improvement or other
renovation or refurbishment to the Demised Premises made in connection with such
assignment or subletting and any cost imposed by any governmental authority in
connection with any of the foregoing.

      No assignment or sublease shall be made unless any guarantor of the
Tenant's obligations or any party responsible for Tenant's obligations shall
give its written consent to such assignment or sublease and confirm that its
obligations shall not be affected by such assignment or sublease, and, provided,
further, that if any modification to the Lease is proposed to be made after such
assignment or sublease, then, at Landlord's or mortgagee's option, all prior
assignors and

                                       7

<PAGE>

sublessors, and all such obligated parties, shall be required to confirm in
writing their approval of such modification, and that their obligations continue
as to the Lease as so modified.

      No assignment or subletting under this paragraph shall relieve Tenant (or
any guarantor of Tenant's obligations under the Lease or any assignee) of its
obligations hereunder. Any assignment or subletting of this Lease which is not
in compliance with the provisions of this paragraph shall be of no effect and
void. Except as permitted hereby, Tenant shall not transfer, sublet, assign or
otherwise encumber its interest in the Lease or the Demised Premises.

      Notwithstanding anything contained in this Lease to the contrary and
notwithstanding any consent by Landlord to any sublease of the Demised Premises,
or any portion thereof, or to any assignment of this Lease or of Tenant's
interest or estate in the Demised Premises, no sublessee shall assign its
sublease nor further sublease the Demised Premises, or any portion thereof, and
no assignee shall further assign or sublet its interest in this Lease or its
interest or estate in the Demised Premises, or any portion thereof, without
Landlord's prior written consent in each and every instance which consent may be
withheld or delayed as above provided. No such further assignment or subleasing
shall relieve Tenant from any of Tenant's obligations in this Lease contained.

      13.   Lease Extension. If this Lease shall not have been terminated
pursuant to any provisions hereof and no Events of Default exist hereunder or
under the Note Agreement, then Tenant may, at Tenant's option, extend the term
of this Lease for two (2) successive additional terms of five (5) years each
(each an "Extension Term," collectively the "Extension Terms") commencing on the
expiration of the original term, or the immediately preceding Extension Term, as
the case may be. Tenant may exercise such option by giving Landlord written
notice at least six (6) months prior to the expiration of the original term or
the immediately preceding Extension Term, as the case may be. Upon the giving by
Tenant to Landlord of such written notice and the compliance by Tenant with the
foregoing provisions of this paragraph, this Lease shall be deemed to be
automatically extended upon all the covenants, agreements, terms, provisions and
conditions set forth in this Lease, except that Base Rent for each such
Extension Term shall be the then fair market value for the Demised Premises.

      14.   Impositions.
            -----------

      A.    Tenant covenants and agrees to pay during the term of this Lease, as
Additional Rent, before any fine, penalty, interest or cost may be added thereto
for the nonpayment thereof, all real estate taxes, special assessments, water
rates and charges, sewer rates and charges, including any sum or sums payable
for present or future sewer or water, charges for public utilities, street
lighting, excise levies, licenses, permits, inspection fees, other governmental
charges, and all other charges or burdens of whatsoever kind and nature
(including costs, fees, and expenses of complying with any restrictive covenants
or similar agreements to which the Demised Premises are now or hereafter
subject) incurred in the use, occupancy, ownership, operation, leasing or
possession of the Demised Premises, without particularizing by any known name or
by whatever name hereafter called, and whether any of the foregoing be general
or special, ordinary or extraordinary, foreseen or unforeseen (all of which are
sometimes herein

                                       8

<PAGE>

referred to as "Impositions"), which at any time during the term may have been
or may be assessed, levied, confirmed, imposed upon, or become a lien on the
Demised Premises, or any portion thereof, or any appurtenance thereto, rents or
income therefrom, and such easements or rights as may now or hereafter be
appurtenant or appertain to the use of the Demised Premises.

      B.    If, at any time during the term of this Lease, any method of
taxation shall be such that there shall be levied, assessed or imposed on
Landlord, or on the Basic Rent or Additional Rent, or on the Demised Premises or
on the value of the Demised Premises, or any portion thereof, a capital levy,
sales or use tax, gross receipts tax or other tax on the rents received
therefrom, or a franchise tax, or an assessment, levy or charge measured by or
based in whole or in part upon such rents or value, Tenant covenants to pay and
discharge the same, it being the intention of the parties hereto that the rent
to be paid hereunder shall be paid to Landlord absolutely net without deduction
or charge of any nature whatsoever foreseeable or unforeseeable, ordinary or
extraordinary, or of any nature, kind or description, except as in this Lease
otherwise expressly provided. Nothing in this Lease contained shall require
Tenant to pay any municipal, state or federal net income or excess profits taxes
assessed against Landlord, or any municipal, state or federal capital levy,
estate succession, inheritance or transfer taxes of Landlord.

      C.    Tenant covenants to furnish Landlord, on or before the date upon
which any Imposition or other tax, assessment, levy or charge is due and
payable, official receipts of the appropriate taxing authority, or other
appropriate proof satisfactory to Landlord, evidencing the payment of the same.

      D.    Tenant shall have the right at its own expense to contest the amount
or validity, in whole or in part, of any Imposition by appropriate proceedings
diligently conducted in good faith, but only after payment of such Imposition,
unless such payment, or a payment thereof under protest, would operate as a bar
to such contest or interfere materially with the prosecution thereof, in which
event, notwithstanding the provisions hereof, Tenant may postpone or defer
payment of such Imposition if the Demised Premises or any portion thereof would,
by reason of such postponement or deferment, be in danger of being forfeited or
lost. Upon the termination of any such proceedings, Tenant shall pay the amount
of such Imposition or part thereof, if any, as finally determined in such
proceedings, the payment of which may have been deferred during the prosecution
of such proceedings, together with any costs, fees, including attorney's fees,
interest, penalties, fines and other liability in connection therewith. Tenant
shall be entitled to the refund of any Imposition, penalty, fine and interest
thereon received by Landlord which have been paid by Tenant or which have been
paid by Landlord but for which Landlord has been previously reimbursed in full
by Tenant. Landlord shall not be required to join in any proceedings referred to
in this paragraph unless the provisions of any law, rule or regulation at the
time in effect shall require that such proceedings be brought by or in the name
of Landlord, in which event Landlord shall join in such proceedings or permit
the same to be brought in Landlord's name upon compliance with such conditions
as Landlord may reasonably require. Landlord shall not ultimately be subject to
any liability for the payment of any fees, including attorney's fees, costs and
expenses in connection with such proceedings. Tenant agrees to pay all such fees
(including

                                       9

<PAGE>

reasonable attorney's fees), costs and expenses or, on demand, to make
reimbursement to Landlord for such payment.

      15.   Insurance.
            ---------

      A.    During the term of this Lease, during any extension thereof, and
during any holdover period, Tenant shall at its cost and expense procure and
keep in force a policy of comprehensive public liability insurance, with limits
of not less than $5,000,000 for injury to any one person, $25,000,000 as to any
one accident, and $3,000,000 as to property damage, all on a per occurrence
basis which policy shall name Landlord and Landlord's mortgagee, if any, as
additional insureds. Certified copies of such insurance shall be delivered to
Landlord prior to the Commencement Date and shall provide that same may not be
canceled, modified or lowered in amounts without prior written notice of not
less than thirty (30) days to Landlord and Landlord's mortgagee. Notwithstanding
the foregoing, Tenant may insure the foregoing risks under its blanket policy.
Any such liability insurance shall contain a contractual liability endorsement
covering Tenant's indemnification obligations under this Lease.

      B.    During the term of this Lease and any extension thereof, Tenant, at
its sole cost and expense, shall obtain and continuously maintain in full force
and effect, policies of insurance covering the Improvements constructed,
installed or located on the Demised Premises naming the Landlord, as an
additional insured and loss payee and Landlord's mortgagee, if any, as
mortgagee, against (a) loss or damage by fire; (b) loss or damage from such
other risks or hazards now or hereafter embraced by an "Extended Coverage
Endorsement," or broadest form of "all risk" coverage including, but not limited
to, windstorm, hail, explosion, vandalism, riot and civil commotion, damage from
vehicles, smoke damage, water damage and debris removal; (c) loss for flood; (d)
loss from so-called explosion, collapse and underground hazards; and (e) loss or
damage from such other risks or hazards of a similar or dissimilar nature which
are now or may hereafter be customarily insured against with respect to
improvements similar in construction, design, general location, use and
occupancy to the Improvements. At all times, such insurance coverage shall be in
an amount equal to 100% of the then "full replacement cost" of the Improvements.
"Full Replacement Cost" shall be interpreted to mean the cost of replacing the
improvements without deduction for depreciation or wear and tear, and it shall
include a reasonable sum for architectural, engineering, legal, administrative
and supervisory fees connected with the restoration or replacement of the
Improvements in the event of damage thereto or destruction thereof. If a
sprinkler system shall be located in the Improvements, sprinkler leakage
insurance shall be procured and continuously maintained by Tenant at Tenant's
sole cost and expense. Tenant shall cause to be inserted in the policy of
insurance required by this paragraph a so-called "waiver of subrogation" clause
as to Landlord and Landlord's insurer.

      C.    During the term of this Lease and any extension thereof, Tenant
shall maintain Workman's Compensation Insurance in accordance with the laws of
the State of Florida.

      D.    Tenant shall maintain insurance coverage (including loss of use and
business interruption coverage) upon Tenant's business and upon all personal
property of Tenant or the personal property of others kept, stored or maintained
on the Demised Premises against loss or

                                       10

<PAGE>

damage by fire, windstorm or other casualties or causes for such amount as
Tenant may desire, and Tenant agrees that such policies shall contain a waiver
of subrogation clause as to Landlord and Landlord's insurer.

      Nothing in this paragraph shall prevent Tenant from taking out insurance
of the kind and in the amount provided for under the preceding paragraphs of
this paragraph under a blanket insurance policy or policies (certified copies
thereof reasonably satisfactory to Landlord shall be delivered to Landlord)
which may cover other properties owned or operated by Tenant as well as the
Demised Premises; provided, however, that any such policy of blanket insurance
of the kind provided for shall specify therein the amounts thereof exclusively
allocated to the Demised Premises or Tenant shall furnish Landlord and the
holder of any fee mortgage with a written statement from the insurers under such
policies specifying the amounts of the total insurance exclusively allocated to
the Demised Premises; and provided, further, however, that such policies of
blanket insurance shall, as respects the Demised Premises, contain the various
provisions required of such an insurance policy by the foregoing provisions
hereof.

      E.    Tenant shall deliver certified copies of all such insurance to
Landlord prior to the Commencement Date hereof and certified copies and evidence
of payment for all renewal coverage not less than ten (10) days prior to the
expiration of any such insurance. Such policies shall provide (except in case of
general liability insurance) for losses up to $1,000,000 to be adjusted by and
paid to Tenant and losses equal to or in excess of $1,000,000 shall be adjusted
by Tenant subject to the reasonable approval of Landlord and any mortgagee, and,
while the Notes are outstanding, paid to the Agent.

      F.    Tenant hereby releases Landlord (and Landlord's assignees,
employees, agents and servants) and waives any claims it may have against
Landlord from any liability for damage to or destruction of Tenant's trade
fixtures, personal property (including also property under the care, custody, or
control of Tenant), machinery, equipment, furniture, fixtures and business
interests on the Premises, except arising from Landlord's gross negligence. This
paragraph shall apply especially, but not exclusively, to damage or destruction
caused by the flooding of basements or other subsurface areas, or by
refrigerators, sprinkling devices, air conditioning apparatus, water, snow,
frost, steam, excessive heat or cold, falling plaster, broken glass, sewage,
gas, odors or noise, or the bursting or leaking of pipes or plumbing fixtures,
and shall apply equally, whether any such damage results from the act or
omission of other tenants or occupants in the Premises or any other persons, and
whether such damage be caused by or result from any of the aforesaid, or shall
be caused by or result from other, circumstances of a similar or dissimilar
nature.

      16.   Destruction and Restoration.
            ---------------------------

      A.    Tenant covenants and agrees that in case of damage to or destruction
of the Demised Premises after the Commencement Date of the term of this Lease,
by fire or otherwise, Tenant, at its sole cost and expense, shall promptly
restore, repair, replace and rebuild the same as nearly as possible to the
condition that the same were in immediately prior to such damage or destruction
with such changes or alterations (made in conformity with paragraph 6 hereof) as

                                       11

<PAGE>

may be reasonably acceptable to Landlord or required by law. Tenant shall
forthwith give Landlord written notice of such damage or destruction upon the
occurrence thereof and specify in such notice, in reasonable detail, the extent
thereof. Such restoration, repairs, replacements, rebuilding, changes and
alterations, including the cost of temporary repairs for the protection of the
Demised Premises, or any portion thereof, pending completion thereof are
sometimes hereinafter referred to as the "Restoration." The Restoration shall be
carried on and completed in accordance with the provisions and conditions of
this Lease including but not limited to paragraphs 5, 6, 9, and 16 hereof.
Tenant shall, at Tenant's expense, regardless of whether there are sufficient
insurance proceeds therefor, promptly commence and complete with all due
diligence the Restoration to as nearly as possible the condition which existed
prior to such damage or destruction.

      B.    All insurance moneys held by Agent, shall be applied to the payment
of the costs of the Restoration and shall be paid out from time to time as the
Restoration progresses upon the written request of Tenant, accompanied by a
certificate of the architect or a qualified professional engineer in charge of
the Restoration stating that as of the date of such certificate (a) the sum
requested is justly due to the contractors, subcontractors, materialmen,
laborers, engineers, architects, or persons, firms or corporations furnishing or
supplying work, labor, services or materials for such Restoration, or is justly
required to reimburse Tenant for any expenditures made by Tenant in connection
with such Restoration, and when added to all sums previously paid out by
Landlord does not exceed the value of the Restoration performed to the date of
such certificate by all of said parties; (b) except for the amount, if any,
stated in such certificates to be due for work, labor, services or materials,
there is no outstanding indebtedness known to the person signing such
certificate, after due inquiry, which is then due for work, labor, services or
materials in connection with such Restoration, which, if unpaid, might become
the basis of a mechanic's lien or similar lien with respect to the Restoration
or a lien upon the Demised Premises, or any portion thereof; and (c) the costs,
as estimated by the person signing such certificate, of the completion of the
Restoration required to be done subsequent to the date of such certificate in
order to complete the Restoration do not exceed the sum of the remaining
insurance moneys, remaining in the hands of Landlord or Agent, if applicable,
after payment of the sum requested in such certificate.

      As a condition to payment, Tenant shall furnish Landlord or Agent, if
applicable, at the time of any such payment with evidence reasonably
satisfactory to Landlord or Agent, if applicable, that there are no unpaid bills
in respect to any work, labor, services or materials performed, furnished or
supplied in connection with such Restoration. If the insurance moneys in the
hands of Landlord, shall be insufficient to pay the entire costs of the
Restoration, Tenant agrees to pay any deficiency promptly. Tenant shall continue
to be liable for full payment of Base Rent, Additional Rent and any other
amounts due and payable hereunder. Upon completion of the Restoration and
payment in full thereof by Tenant, Landlord or Agent, if applicable, shall
within a reasonable period of time thereafter, turn over to Tenant all insurance
moneys or other moneys then remaining upon submission of proof reasonably
satisfactory to Landlord or Agent, if applicable, that the Restoration has been
paid for in full and the damaged or destroyed Improvements repaired, restored or
rebuilt as nearly as possible to the condition they were in

                                       12

<PAGE>

immediately prior to such damage or destruction, or with such changes or
alterations as may be made in conformity with the terms hereof.

      C.    No destruction of or damage to the Demised Premises, or any portion
thereof, by fire, casualty or otherwise shall permit Tenant to surrender this
Lease or shall relieve Tenant from its liability to pay to Landlord the Base
Rent and Additional Rent payable under this Lease or from any of its other
obligations under this Lease, and Tenant waives any rights now or hereafter
conferred upon Tenant by present or future law or otherwise to quit or surrender
this Lease or the Demised Premises, or any portion thereof, to Landlord or to
any suspension, diminution, abatement or reduction of rent on account of any
such damage or destruction.

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

      A.    If, during the term of this Lease, the entire Demised Premises shall
be taken as the result of the exercise of the power of eminent domain,
condemnation or a deed in lieu of the foregoing (a "Taking"), this Lease and all
right, title and interest of Tenant hereunder shall cease and come to an end on
the date of vesting of title pursuant to such Taking and Landlord shall be
entitled to and shall receive the total award made in such Taking, Tenant hereby
assigning any interest in such award, damages, consequential damages and
compensation to Landlord and Tenant hereby waiving any right Tenant has now or
may have under present or future law to receive any separate award of damages
for its interest in the Demised Premises, or any portion thereof, or its
interest in this Lease.

      In any Taking of the Demised Premises, or any portion thereof, whether or
not this Lease is terminated as in this paragraph provided, Tenant shall not be
entitled to any portion of the award for the Taking of the Demised Premises or
damage to the Improvements, except as otherwise provided herein with respect to
the restoration of the Improvements, or for the estate or interest of Tenant
therein, all such award, damages, consequential damages and compensation being
hereby assigned to Landlord, and Tenant hereby waives any right it now has or
may have under present or future law to receive any separate award of damages
for its interest in the Demised Premises, or any portion thereof, or its
interest in this Lease, except that Tenant shall have, nevertheless, the limited
right to prove in the Taking and to receive any award which may be made for
damages to or condemnation of Tenant's movable trade fixtures and equipment, and
for Tenant's relocation costs in connection therewith.

      B.    If, less than the entire Demised Premises, but more than 15% of the
floor area of the Improvements, or more than 50% of the Land, shall be taken in
any such Taking, this Lease shall, upon vesting of title in the Taking,
terminate as to the portion of the Demised Premises so taken, and Tenant may, at
its option, terminate this Lease as to the remainder of the Demised Premises.
Tenant shall not have the right to terminate this Lease pursuant to the
preceding sentence unless (a) the business of Tenant conducted in the portion of
the Demised Premises taken cannot reasonably be carried on with substantially
the same utility and efficiency in the remainder of the Demised Premises (or any
substitute space securable by Tenant pursuant to clause [b] hereof) and (b)
Tenant cannot construct or secure substantially similar space to the space so
taken, on the Demised Premises. Such termination as to the remainder of the
Demised

                                       13

<PAGE>

Premises shall be effected by notice in writing given not more than 60 days
after the date of vesting of title in such Taking, and shall specify a date not
more than 60 days after the giving of such notice as the date for such
termination. Upon the date specified in such notice, the term of this Lease, and
all right, title and interest of Tenant hereunder, shall cease and come to an
end. If this Lease is terminated as in this paragraph 17B provided, Landlord
shall be entitled to and shall receive the total award made in such Taking,
Tenant hereby assigning any interest in such award, damages, consequential
damages and compensation to Landlord, and Tenant hereby waiving any right Tenant
has now or may have under present or future law to receive any separate award of
damages for its interest in the Demised Premises, or any portion thereof, or its
interest in this Lease except as otherwise provided in paragraph 17A. The right
of Tenant to terminate this Lease, as provided in this paragraph 17B, shall be
exercisable only upon condition that no Event of Default exist hereunder or
under the Note Agreement, and such termination upon Tenant's part shall become
effective only upon compliance by Tenant with all such terms, covenants and
conditions to the date of such termination. In the event that Tenant elects not
to terminate this Lease as to the remainder of the Demised Premises, the rights
and obligations of Landlord and Tenant shall be governed by the provisions of
paragraph 17C hereof.

      C.    If 15%, or less, of the floor area of the Improvements, or 50%, or
less, of the Land, shall be taken in such Taking, or if more than 15% of the
floor area of the Improvements or more than 50% of the Land is taken (but less
than the entire Demised Premises), and this Lease is not terminated as in
paragraph 17B hereof provided, this Lease shall, upon vesting of title in the
Taking, terminate as to the parts so taken, and Tenant shall have no claim or
interest in the award, damages, consequential damages and compensation, or any
part thereof except as otherwise provided in paragraph 17A. Landlord shall be
entitled to and shall receive the total award made in such Taking, Tenant hereby
assigning any interest in such award, damages, consequential damages and
compensation to Landlord, and Tenant hereby waiving any right Tenant has now or
may have under present or future law to receive any separate award of damages
for its interest in the Demised Premises, or any portion thereof, or its
interest in this Lease except as otherwise provided in paragraph 17A. The net
amount of the award (after deduction of all costs and expenses, including
attorney's fees), shall be held by Landlord as trustee or so long as the Notes
remain outstanding, by Agent and applied as hereinafter provided. Tenant, in
such case, covenants and agrees, at Tenant's sole cost and expense (subject to
reimbursement to the extent hereinafter provided), promptly to restore that
portion of the Improvements on the Demised Premises not so taken to a complete
architectural and mechanical unit for the use and occupancy of Tenant as in this
Lease provided. In the event that the net amount of the award (after deduction
of all costs and expenses, including attorney's fees) is insufficient to pay all
costs of such restoration work, Tenant shall deposit with Landlord as trustee
such additional sums as may be required upon the written request of Landlord so
long as Tenant has participated in the Proceedings; provided, however, Landlord
shall retain ultimate control over any final settlement or litigation with the
condemning authority, and provided further that notwithstanding that the net
amount of the award may be insufficient to pay all costs of the restoration
work, Tenant shall continue to be liable for payment of Base Rent, Additional
Rent and any other amount due and payable hereunder, which amounts shall not be
abated except as provided in Paragraph 17E below. The provisions and conditions
in paragraph 6 applicable to changes and alterations shall apply to Tenant's
obligations to restore that portion of the

                                       14

<PAGE>

Improvements to a complete architectural and mechanical unit. Landlord agrees in
connection with such restoration work to apply so much of the net amount of any
award (after deduction of all costs and expenses, including attorney's fees)
that may be received by Landlord and held by Landlord as trustee in any such
Proceedings for physical damage to the Improvements as a result of such taking
to the costs of such restoration work thereof and the said net award for
physical damage to the Improvements as a result of such taking shall be paid out
from time to time to Tenant, or on behalf of Tenant, as such restoration work
progresses upon the written request of Tenant, which shall be accompanied by a
certificate of the architect or the registered professional engineer in charge
of the restoration work stating that (a) the sum requested is justly due to the
contractors, subcontractors, materialmen, laborers, engineers, architects or
other persons, firms or corporations furnishing or supplying work, labor,
services or materials for such restoration work or as is justly required to
reimburse Tenant for expenditures made by Tenant in connection with such
restoration work, and when added to all sums previously paid out by Landlord as
trustee does not exceed the value of the restoration work performed to the date
of such certificate; and (b) the net amount of any such award for physical
damage to the Improvements as a result of such taking remaining in the hands of
Landlord, together with the sums, if any, deposited by Tenant with Landlord as
trustee pursuant to the provisions hereof, will be sufficient upon the
completion of such restoration work to pay for the same in full. If payment of
the award for physical damage to the Improvements as a result of such taking, as
aforesaid, shall not be received by Landlord in time to permit payments as the
restoration work progresses (except in the event of an appeal of the award by
Landlord), Tenant shall not be required to proceed with any restoration work
until payment of such award is received by Landlord; provided, however, delay in
payment of such amount shall not release Tenant of its obligation to pay Base
Rent, Additional Rent and other amounts due and payable hereunder during any
such delay and there shall be no abatement of Base Rent, Additional Rent or any
other amounts except as provided in Paragraph 17E below. If Landlord appeals an
award and payment of the award is delayed pending appeal, Tenant shall,
nevertheless, perform and fully pay for such work without delay, and payment of
the amount to which Tenant would have been entitled had Landlord not appealed
the award (in an amount not to exceed the net award prior to such appeal) shall
be made by Landlord to Tenant as restoration progresses pursuant to this
Paragraph 17C, in which event Landlord shall be entitled to retain an amount
equal to the sum disbursed to Tenant pursuant to the preceding sentence out of
the net award as and when payment of such award is received by Landlord. Tenant
shall also furnish Landlord as trustee with each certificate hereinabove
referred to, together with evidence reasonably satisfactory to Landlord that
there are no unpaid bills in respect to any work, labor, services or materials
performed, furnished or supplied, or claimed to have been performed, furnished
or supplied, in connection with such restoration work, and that no liens have
been filed against the Demised Premises, or any portion thereof. Landlord as
trustee shall not be required to pay out any funds when there are unpaid bills
for work, labor, services or materials performed, furnished or supplied in
connection with such restoration work, or where a lien for work, labor, services
or materials performed, furnished or supplied has been placed against the
Demised Premises, or any portion thereof. Upon completion of the restoration
work and payment in full therefor by Tenant, and upon submission of proof
reasonably satisfactory to Landlord that the restoration work has been paid for
in full and that the Improvements have been restored or rebuilt to a complete
architectural and mechanical unit for the use and occupancy of Tenant as
provided in this Lease, Landlord as trustee shall pay over to

                                       15

<PAGE>

Tenant any portion of the cash deposit furnished by Tenant then remaining;
provided, however, any other amounts awarded in such Proceedings which remain
following restoration of the Demised Premises shall be the property of Landlord
and Tenant shall have no claim thereto.

      D.    In the event of any partial termination of this Lease as a result of
any such Taking, Tenant shall pay to Landlord all Base Rent and all Additional
Rent and other charges payable hereunder with respect to that portion of the
Demised Premises so taken in such Taking with respect to which this Lease shall
have terminated justly apportioned to the date of such termination. From and
after the date of vesting of title in such Taking, Tenant shall continue to pay
the Base Rent and Additional Rent and other charges payable hereunder, as in
this Lease provided, to be paid by Tenant, subject to abatement, if any, as
provided for in paragraph 17E hereof.

      E.    In the event of a partial taking of the Demised Premises under
paragraph 17C hereof, or a partial taking of the Demised Premises under
paragraph 17B hereof, followed by Tenant's election not to terminate this Lease,
the Base Rent payable hereunder during the period from and after the date of
vesting of title in such Taking to the termination of this Lease shall not be
reduced unless Tenant shall have completed the restoration work with its own
funds in accordance with the provisions of the Lease and Landlord shall have
applied the net amount of any award to reduce the indebtedness secured by any
financing encumbering the Demised Premises, in which event Base Rent payable
hereunder shall be reduced pro rata.

      F.    THE PARTIES HERETO HEREBY ACKNOWLEDGE AND AGREE THAT NOTWITHSTANDING
ANY OTHER PROVISIONS OF THIS LEASE IT IS THE INTENT OF THE PARTIES THAT IF AS A
RESULT OF ANY TAKING THERE IS ANY REDEMPTION OR OTHER REPAYMENT OF THE NOTES AND
THE PROCEEDS RECEIVED FROM SUCH TAKING ARE INSUFFICIENT TO PAY IN FULL ANY
PRINCIPAL, INTEREST OR MAKE-WHOLE AMOUNT, IF ANY, DUE AND PAYABLE ON THE NOTES
ON ACCOUNT OF THE TAKING, THAT THE TENANT SHALL, UPON DEMAND, PAY THE AMOUNT OF
SUCH INSUFFICIENCY.

      18.   Default by Tenant. The occurrence of any one or more of the
following events shall constitute an "Event of Default" by Tenant:

      A.    The failure by Tenant to make any payment of Base Rent, Additional
Rent or any other amount required to be paid by Tenant hereunder, and any
interest for late payment thereof, as and when due, where such failure shall
continue for a period of five (5) days.

      B.    The failure by Tenant to observe or perform any of the covenants,
conditions or provisions of paragraphs 12 or 15.

      C.    The failure by Tenant to observe or perform any of the covenants,
conditions or provisions of this Lease (except as set forth in paragraphs 18A
and 18B above) where such failure shall continue for a period of thirty (30)
days after Tenant obtains knowledge of such failure or default.

                                       16

<PAGE>

      D.    The occurrence of an Event of Default under Section 11 of the Note
Agreement.

      19.   Landlord's Remedies. Upon the occurrence of an Event of Default,
Landlord, in addition to other rights or remedies it may have, shall have the
right to terminate this Lease, or without terminating this Lease, terminate
Tenant's right to possession of the Demised Premises, and in either event Tenant
shall immediately surrender possession of the Demised Premises to Landlord and
if Tenant fails to do so, Landlord may, without prejudice to any other remedy it
may have for possession or arrearage of rentals, enter upon and take possession
of the Demised Premises and expel or remove Tenant and any other person who may
be occupying the Demised Premises or any part thereof, with or without legal
proceedings, without being liable for prosecution or any claim or damage
therefor. In such event, Landlord shall be entitled to recover from Tenant all
reasonable damages incurred by Landlord by reason of such Event of Default,
including without limitation, the cost of recovering possession of the Demised
Premises, expenses of reletting including reasonable renovation and alteration
of the Demised Premises, attorneys, fees, real estate commissions, and any other
sum of money, late charges and damages.

      If Tenant's right to possession of the Demised Premises is terminated
without termination of the Lease, Landlord shall be entitled to enforce all of
Landlord's rights and remedies under the Lease, including the right to recover
the rent as it becomes due hereunder. Should Landlord elect to relet the Demised
Premises or any part thereof, Landlord may do so for such term or terms and at
such rental or rentals and upon such other terms and conditions as Landlord may
deem appropriate. Rental and other amounts received by Landlord in connection
with such reletting shall be applied in such manner and to such parties as
Landlord shall determine. Should such rentals and other amounts received from
such reletting during any month be less than Tenant's obligations hereunder,
Tenant shall pay such deficiency to Landlord. Such deficiency shall be
calculated and paid monthly. No such reentry or taking possession of the Demised
Premises by Landlord shall be construed as an election on its part to terminate
this Lease, unless a written notice of such intention be given to Tenant or
unless the termination thereof be decreed by a court of competent jurisdiction.

      In the event Landlord terminates this Lease in accordance herewith, Tenant
shall be liable and shall pay to Landlord, the sum of all rent and other
payments owed to date to Landlord, all sums owed to date to third parties
(including without limitation, all Impositions) hereunder accrued to the date of
such termination, all amounts required to be spent by Landlord to fulfill any of
Tenant's obligations which Tenant did not fulfill prior to termination by
Landlord, plus, an amount equal to the present value discounted at the Federal
Reserve discount rate of (i) the total rental payments hereunder for the
remaining portion of the term of the Lease, calculated as if such term the
Expiration Date, unless Tenant has extended this Lease, in which case such
calculation shall be as if the term expires on the final day of the Extension
Term then in effect, less (ii) the fair market rental value of the Demised
Premises for such remaining period. Nothing herein contained shall limit or
prejudice the right of Landlord to prove for and obtain, as damages by reason of
such expiration or termination, an amount equal to the maximum allowed by any
statute or rule of law in effect at the time when, and governing the proceedings
in which, such damages are to be proved, whether or not such amount be greater,
equal to or less than the

                                       17

<PAGE>

amount of the difference referred to above. Notwithstanding the foregoing,
Landlord and Tenant agree that it is extremely difficult and impractical to
establish the amount of damages Landlord would sustain upon an Event of Default.
The parties hereby agree that a reasonable estimate of such other amounts
necessary to compensate Landlord in such event and not otherwise included herein
is the sum of the principal amount of the Notes then outstanding plus interest
accrued thereon together with the Make Whole Amount, less the amounts set forth
above in this paragraph (the "Liquidated Damages"). Landlord shall be entitled
such Liquidated Damages from Tenant not as a penalty but as liquidated damages.

      In addition to the aforesaid remedies, Landlord shall be entitled to
pursue any other remedy now or hereafter available to Landlord at equity or
under the laws or judicial decisions of the state where the Demised Premises is
located or by statute or otherwise. All rights and remedies of Landlord herein
enumerated shall be cumulative, and the exercise or the commencement of the
exercise by Landlord of any one or more of such rights or remedies should not
preclude the simultaneous or later exercise by Landlord of any or all other
rights or remedies. Tenant shall pay, upon demand, all of Landlord's costs,
including reasonable attorneys' fees and court costs, incident to the
enforcement of Tenant's obligations hereunder. A receipt by Landlord of rent
with knowledge of the breach of any covenant hereof shall not be deemed a waiver
of such breach, and no waiver by Landlord of any provisions of this Lease shall
be deemed to have been made unless expressed in writing and signed by Landlord.
Without limiting the generality of the foregoing, no failure by Landlord to
insist upon the performance of any of the terms of this Lease or to exercise any
right or remedy consequent upon a breach thereof shall constitute a waiver of
such breach or any of the terms of this Lease, and no express waiver shall
affect any default other than the default specified in the express waiver and
that only for the time and to the extent therein stated. One or more waivers by
Landlord shall not be construed as a waiver of a subsequent breach of the same
covenant, term or condition. In addition to other remedies in this Lease
provided, Landlord shall be entitled to seek a restraint by injunction of the
violation or attempted or threatened violation of the covenants, conditions and
provisions of this Lease.

      20.   Notices. All notices shall be sent by registered mail, return
receipt requested personal delivery, or by recognized overnight courier
providing proof of delivery, to the following addresses:

      To Landlord:                              To Tenant:

      Hewitt Properties IV LLC                  Hewitt Associates LLC
      100 Half Day Road                         100 Half Day Road
      Lincolnshire, Illinois  60069             Lincolnshire, Illinois  60069
      Attn.:  General Counsel                   Attn:  General Counsel

      Any notice shall be deemed to have been given five (5) days after the date
deposited in the United States mail, on the date of personal delivery, or on the
first business day after sending when delivery by recognized overnight courier
providing proof of delivery, in the manner

                                       18

<PAGE>

aforesaid. Either party, by notice to the other, shall have the right to change
the addresses for notice(s) to be sent to such party, and to add or substitute
entities to which a copy of any notice shall be sent by the other party.

      21.   Brokerage. Landlord and Tenant acknowledge that no real estate
broker brought about this lease transaction. Landlord hereby indemnifies Tenant
against claims for brokerage fees, commissions or similar compensation by any
party claiming by, through or under Landlord in connection with this Lease, and
Tenant hereby indemnifies Landlord against claims for brokerage fees,
commissions or similar compensation by any party claiming by, through or under
Tenant in connection with this Lease.

      22.   Estoppel. Landlord and Tenant shall, at any time upon not less than
twenty (20) days prior written notice, execute and deliver to a prospective new
landlord, lender, or assignee or subtenant of Tenant, as the case may be, a
statement in writing (i) certifying that this Lease is unmodified and in full
force and effect (or if modified, stating the nature of such modification and
certifying that this Lease, as so modified, is in full force and effect) and the
date to which the rent and other charges are paid in advance, if any, and (ii)
acknowledging that there are not, to the party's knowledge, any uncured defaults
on the part of the other party hereunder, or so specifying such defaults if any
are claimed, and (iii) other reasonable requests that relate to the Lease.

      23.   Hazardous Substances.
            --------------------

      A.    For purposes hereof, "Hazardous Substance" means:

            (i) "Hazardous Substances" as defined by the Comprehensive
      Environmental Response, Compensation and Liability Act ("CERCLA"), 42
      U.S.C. ss.9601 et. seq., as amended, and all regulations promulgated
      thereunder, the Federal Clean Air Act, as amended (42 U.S.C. ss.7401 et.
      seq.) and the Federal Water Pollution Control Act ("FWPCA"), 33 U.S.C.
      ss.1317 et. seq. as amended and all regulations promulgated thereunder;

            (ii) "Hazardous Waste" as defined by the Resource Conservation and
      Recovery Act ("RCRA"), 42 U.S.C. ss.6602 et. seq. as amended and all
      regulations promulgated thereunder;

            (iii) Any pollutant or contaminant or hazardous, dangerous or toxic
      chemicals, materials or substances within the meaning of any other
      applicable federal, state or local law, regulation, ordinance or
      requirement (including consent decrees and administrative orders) relating
      to or imposing liability or standards of conduct concerning any hazardous,
      toxic or dangerous waste, substance or material, all as amended or
      hereafter amended;

            (iv) Gas, gasoline, oil or other petroleum products;

                                       19

<PAGE>

            (v) Any radioactive material, including any source, special nuclear
      or by-product material as defined in 42 U.S.C. ss.2011 et. seq. as amended
      or hereafter amended, and all regulations promulgated thereunder;

            (vi) Asbestos; and

            (vii) Anything defined as a hazardous, toxic or radioactive
      material, waste or substance or the use, transportation or disposal of
      which is regulated under applicable law or rules and regulations issued
      pursuant thereof;

(all of the foregoing statutes, laws, ordinance, rules, regulations, and common
law theories being sometimes hereinafter collectively referred to as
"Environmental Laws").

      B.    Tenant shall not allow any Hazardous Substance to be located on the
Demised Premises and shall not conduct or authorize the generation,
transportation, storage, treatment, release or disposal at the Demised Premises,
of any Hazardous Substance other than in quantities incidental to the conduct of
Tenant's Use and in compliance with Environmental Laws; provided, however,
nothing herein contained shall permit Tenant to allow any so-called "acutely
hazardous", "ultra-hazardous", "imminently hazardous chemical substance or
mixture" or comparable Hazardous Substance to be located on or about the Demised
Premises.

      C.    If the presence, release, threat of release, placement on or in the
Demised Premises, or the generation, transportation, storage, treatment, or
disposal at the Demised Premises of any Hazardous Substances as a result of
Tenant's operations at the Demised Premises: (i) gives rise to liability
(including, but not limited to, a response action, remedial action, or removal
action) under Environmental Laws, (ii) causes or threatens to cause a
significant public health effect, or (iii) pollutes or threatens to pollute the
environment, Tenant shall promptly take any and all remedial and removal action
necessary to clean up the Demised Premises and mitigate exposure to liability
arising from the hazardous substance, whether or not required by law.

      D.    Tenant shall indemnify, defend and hold Landlord harmless from all
damages, costs, losses, expenses (including, but not limited to, actual
attorneys fees and engineering fees) arising from or attributable to the
existence of any Hazardous Substances at the Demised Premises as a result of
Tenant's operations at the Demised Premises, and (ii) any breach by Tenant of
any of its covenants contained herein.

      E.    Upon request by Landlord during the term of this Lease, Tenant shall
undertake and submit to Landlord an environmental audit from an environmental
consulting firm reasonably acceptable to Landlord which audit shall evidence
Tenant's compliance herewith. Tenant shall bear the cost of such environmental
audit.

      F.    Landlord or Tenant shall give the other prompt written notice upon
discovery of any Hazardous Substance at or adjacent to the Demised Premises.
Landlord and Tenant's obligations hereunder shall survive termination of the
Lease.

                                       20

<PAGE>

      24.   Surrender.
            ---------

      A.    Upon any termination or expiration of this Lease, Tenant shall
surrender the Demised Premises in the same condition as existed at the Rent
Commencement Date, except for normal wear and tear and damage caused by the fire
or other casualty subject to the terms of this Lease; provided, however, that
nothing in this paragraph is intended to change or diminish Tenant's obligations
under any other part of this Lease. Any damage to the Demised Premises resulting
from the removal of such Alterations shall be repaired by Tenant at Tenant's
expense. If the Demised Premises be not surrendered as above set forth, Tenant
shall indemnify, defend and hold Landlord harmless against loss or liability
resulting from the delay by Tenant in so surrendering the Demised Premises,
including, without limitation any claim made by any succeeding occupant founded
on such delay.

      All property of Tenant not removed on or before the last day of the term
of this Lease shall be deemed abandoned. Tenant shall reimburse Landlord upon
demand for any expenses incurred by Landlord with respect to removal, storage or
disposal of abandoned property and with respect to restoring said Demised
Premises to good order, condition and repair.

      25.   Liens. Tenant has no authority, express or implied, to create or
place any lien or encumbrance of any kind or nature whatsoever upon, or in any
manner to bind the interest of Landlord or Tenant in the Demised Premises, or to
charge the rentals payable hereunder for any claim in favor of any person
dealing with Tenant, including those who furnish materials or perform labor for
any construction or repairs, and Tenant covenants and agrees that it shall not
mortgage, encumber or pledge this Lease or any interest therein. The preceding
sentence shall not be construed as prohibiting Tenant from making alterations as
provided above or from permitting any other mechanics or materialmen's lienable
work to be performed as long as such work is not prohibited by this Lease.
Tenant agrees to indemnify and hold Landlord harmless from any lien filed
against the Demised Premises on account of work performed by or on behalf of
Tenant and from any and all losses, costs, damages, expenses, liabilities,
suits, penalties, claims and damages (including attorney fees) arising from or
relating to such lien. After Tenant's receipt of notice or actual knowledge of
the placing of any lien or encumbrance against the Demised Premises, Tenant
shall immediately give Landlord written notice thereof. Tenant shall within ten
(10) days therefrom remove such lien by payment.

      If Tenant shall fail to discharge such mechanic's lien within such period,
then, in addition to any other right or remedy of Landlord, Landlord may, but
shall not be obligated to, discharge the same by paying to the claimant the
amount claimed to be due by procuring the discharge of such lien as to the
Demised Premises by deposit in the court having jurisdiction of such lien, a
cash sum sufficient to secure the discharge of the same, or by the deposit of a
bond or other security with such court sufficient in form, content and amount to
procure the discharge of such lien, or in such other manner as is now or may in
the future be provided by present or future law or the discharge of such lien as
a lien against the Demised Premises. Any amount paid by Landlord, or the value
of any deposit so made by Landlord, together with all costs, fees and

                                       21

<PAGE>

expenses in connection therewith (including attorneys' fees of Landlord),
together with interest thereon at the Default Rate, shall be Additional Rent
payable on demand by Landlord.

      26.   Interest. Base Rent, Additional Rent and any other amounts due
Landlord hereunder, if not paid when due, and any other charges payable by
Tenant hereunder not paid when due, including any charges, expenses, liabilities
or fees in connection with a default by Tenant, shall accrue interest (the
"Default Rate") at the greater of (a) the rate of prime (as published in the
Wall Street Journal) plus two percent (2%) per annum or, so long as the Notes
are outstanding, (b) the default rate set forth in the Note Agreement from the
due date until paid, and to be paid to Landlord by Tenant upon demand.

      27.   Inspections. Landlord, its agents, employees, contractors, lenders
or prospective lenders, may, after providing Tenant with at least twenty-four
(24) hours prior notice except in an emergency situation, enter the Demised
Premises during business hours (except in an emergency situation), to (a)
exhibit the Demised Premises to prospective purchasers or lenders and perform
due diligence in connection therewith; (b) inspect the Demised Premises to see
that Tenant is complying with its obligations hereunder; and (c) exhibit the
Demised Premises during the last twelve (12) months of the term to prospective
tenants.

      28.   Transfer of Landlord's Interest. Tenant acknowledges that Landlord
has the right to transfer its interest in the Demised Premises without the
consent of Tenant and in this Lease, and Tenant agrees that in the event of any
such transfer Landlord shall automatically be released from all liability under
this Lease and Tenant agrees to look solely to such transferee for the
performance of Landlord's obligations hereunder; provided, however, any such
transferee shall be deemed to have assumed the obligations of Landlord hereunder
subject to the conditions and limitations herein contained. Tenant agrees to
look solely to Landlord's interest in the Demised Premises for the recovery of
any judgment from Landlord, it being agreed that Landlord, or if Landlord is a
partnership, its partners whether general or limited, or if Landlord is a
corporation, its directors, officers or shareholders, or if Landlord is a
limited liability company, its members or managers, shall never be personally
liable for such judgment.

      29.   Indemnity.
            ---------

      A.    To the fullest extent allowed by law, Tenant shall at all times
indemnify, defend and hold harmless Landlord and any person claiming by or
through Landlord from and against any and all claims by or on behalf of any
person, firm or corporation, arising from the conduct or management of the
Demised Premises, or from any work or things whatsoever done in or about the
Demised Premises, and will further indemnify, defend and hold Landlord and any
person claiming by or through Landlord harmless against and from any and all
claims arising during the term of this Lease, or arising from any breach or
default on the part of Tenant in the performance of any covenant or agreement on
the part of Tenant to be performed, pursuant to the terms of this Lease, or
arising from, any act or negligence of Tenant, its agents, servants, employees
or licensees, or arising from any accident, injury or damage whatsoever caused
to any person, firm or corporation occurring during the term of this Lease, in
or about the Demised Premises or upon the sidewalk and the land adjacent
thereto, and from and against all costs, attorneys' fees,

                                       22

<PAGE>

expenses and liabilities incurred in or about any such claim or action or
proceeding brought thereon; and in case any action or proceeding be brought
against Landlord by reason of any such claim, Tenant, upon notice from Landlord,
covenants to defend such action or proceeding by counsel reasonably satisfactory
to Landlord.

      B.    Landlord shall protect, indemnify and hold Tenant harmless from and
against any and all loss, claims, liability or costs (including court costs and
attorneys' fees) incurred by reason of: (a) any damage to any property or any
injury to any person occurring in or on the Demised Premises to the extent that
such injury or damage shall be caused by the gross negligence or willful
misconduct of Landlord or its agents, servants or employees; provided, however,
that such indemnification shall be limited to the extent of the sum of: (i)
amounts of insurance proceeds recovered by Landlord under insurance policies
carried by Landlord for such injury or damage, after deductibles, or insurance
proceeds that would have been received in the event Landlord had not elected to
self-insure, and (ii) the deductible amounts for such claims under such
insurance policies.

      The provisions of this paragraph shall survive the termination of this
Lease with respect to any claims or liability occurring prior to such
termination.

      30.   Modification of Lease. The terms, covenants and conditions of this
Lease may not be changed orally but only by an instrument in writing signed by
Landlord and Tenant and consented to by mortgagee. The failure of either party
hereto to insist in any one or more cases upon the strict performance of any
term, covenant or condition of this Lease to be performed or observed by the
other party hereto shall not constitute a waiver of relinquishment for the
future of any such term, covenant or condition.

      31.   Choice of Law and Interpretation. This Lease shall be governed by
the internal law of the State of Illinois, without considering such state's
choice of law rules, except that any possessory action by Landlord in respect of
the Demised Premises shall be governed by the internal laws of the state in
which the Demised Premises is situated, without considering such state's choice
of law rules.

      32.   Independent Covenant; Net Lease. It is the express intent of
Landlord and Tenant that (a) the obligations of Landlord and Tenant hereunder
shall be separate and independent covenants and agreements and that the Base
Rent and Additional Rent, and all other charges and sums payable by Tenant
hereunder, shall commence at the times provided herein and shall continue to be
payable in all events; (b) all costs or expenses of whatsoever character or
kind, general or special, ordinary or extraordinary, foreseen or unforeseen, and
of every kind and nature whatsoever that may be necessary or required in and
about the Demised Premises, or any portion thereof, and Tenant's possession or
authorized use thereof during the term of this Lease, shall be paid by Tenant
and all provisions of this Lease are to be interpreted and construed in light of
the intention expressed in this paragraph; (c) the Base Rent shall be absolutely
net to Landlord so that this Lease shall yield net to Landlord the Base Rent
during the term of this Lease; (d) all Impositions, insurance premiums, utility
expenses, repair and maintenance expenses, and all other costs, fees, interest,
charges, expenses, reimbursements and obligations of

                                       23

<PAGE>

every kind and nature whatsoever relating to the Demised Premises, or any
portion thereof, which may arise or become due during the term of this Lease, or
any extension or renewal thereof, shall be paid or discharged by Tenant as
"Additional Rent."

      33.   Entry by Landlord. Tenant agrees to permit Landlord or Landlord's
mortgagee and authorized representatives of Landlord or Landlord's mortgagee to
enter upon the Demised Premises at all reasonable times during ordinary business
hours for the purpose of inspecting the same and making any necessary repairs to
comply with any laws, ordinances, rules, regulations or requirements of any
public body, or the Board of Fire Underwriters, or any similar body. Nothing
herein contained shall imply any duty upon the part of Landlord to do any such
work which, under any provision of this Lease, Tenant may be required to perform
and the performance thereof by Landlord shall not constitute a waiver of
Tenant's default in failing to perform the same. Landlord may, during the
progress of any work, keep and store upon the Demised Premises all necessary
materials, tools and equipment. Landlord shall not in any event be liable for
inconvenience, annoyance, disturbance, loss of business or other damage to
Tenant by reason of making repairs or the performance of any work in or about
the Demised Premises, or on account of bringing material, supplies and equipment
into, upon or through the Demised Premises during the course thereof, and the
obligations of Tenant under this Lease shall not be thereby affected in any
manner whatsoever.

      34.   Survival of Obligations. All obligations of Tenant hereunder not
fully performed as of the expiration or earlier termination of the term of this
Lease shall survive the expiration or earlier termination of the term hereof.

      35.   Option to Purchase Demised Premises.
            -----------------------------------

      Tenant (but not any subtenant or assignee of Tenant) shall have the option
to purchase the Demised Premises (the "Option") as hereinafter provided.

      A.    Tenant shall have the option to purchase the Demised Premises at an
option price (the "Option Price") equal to the greater of (x) the then
outstanding principal amount of the Notes plus accrued interest thereon through
the date of purchase of the Demised Premises together with the Make Whole
Amount, if any or (y) the fair market value of the Demised Premises. Tenant may
only exercise the Option if the Lease is in full force and effect and no
defaults or Events of Default exist at the time Tenant notifies Landlord of the
exercise of the Option and at the time set for closing of the Option. Tenant
shall signify its intent to exercise the Option by delivering to Landlord its
written notice of its exercise of the Option, not later than 60 days prior to
the date stated in such notice as the closing date for such Option (the
"Notice").

      B.    "Fair Market Value" shall be determined by mutual agreement of
Landlord and Tenant prior to the delivery of any Notice or if they have not so
agreed at the time of delivery of any such Notice, Fair Market Value shall be
determined by appraisal as provided herein.

            (i) Either party may, by notice to the other, appoint a
      disinterested appraiser. Within 10 days after the service of such notice,
      the other party may in like manner

                                       24

<PAGE>

      appoint a disinterested appraiser and give notice thereof to the party
      appointing the first appraiser. In case of the failure of the other party
      so to appoint a second appraiser, the first appraiser shall be the sole
      appraiser and shall determine the Fair Market Value. If two appraisers are
      so appointed by the parties, they shall promptly attempt to determine the
      Fair Market Value. If the two appraisers are unable to agree on the Fair
      Market Value within 20 days after the second appraiser has been appointed,
      they shall select and appoint in writing a third disinterested appraiser
      and give notice thereof to both parties.

            (ii) Within 15 days after the selection and appointment of the third
      appraiser, the three appraisers shall meet and attempt to determine the
      Fair Market Value. The decision of a majority of the appraisers shall
      determine the Fair Market Value. If a majority of the three appraisers are
      unable to agree on the Fair Market Value within said 15-day period, the
      three appraisers each shall promptly prepare an appraisal of the Fair
      Market Value and the three appraisals shall be added together and their
      total being divided by three with the resulting quotient being the Fair
      Market Value. If, however, the low appraisal and/or high appraisal varies
      by more than ten percent (10%) from the middle appraisal, the appraisal or
      appraisals so varying shall be disregarded. If only one appraisal is
      disregarded, the remaining appraisals shall be added together and their
      total divided by two with the resulting quotient being the Fair Market
      Value. If both the low appraisal and the high appraisal are disregarded,
      the middle appraisal shall establish the Fair Market Value.

            (iii) Each of the parties shall pay for its own appraiser's fees and
      the parties will each pay half of the fees of the third appraiser and all
      other costs of appraisals.

            (iv) To be qualified to act as an appraiser under this paragraph, a
      person must be a member of the American Institute of Real Estate
      Appraisers (or if such institute is not in existence at the time in
      question, a member of successor or similar organization) and must have
      minimum of 10 years recent experience in real estate appraisal
      specializing in commercial office buildings in the Orlando, Florida area.

            (v) After the Fair Market Value has been determined, the appraisers
      shall immediately notify the parties and the closing on the sale shall
      occur on the next rent payment date not less than 60 days from the date of
      such notification.

      C. Upon the date fixed for any purchase, Tenant shall pay to Landlord, in
lawful money of the Untied States, by wire transfer of immediately available
funds or as otherwise directed by Landlord, the purchase price therefor
specified herein together with all Base Rent, Additional Rent and other sums
then due and payable hereunder to and including such date of purchase, and
Landlord shall deliver to Tenant a special warranty deed, and any other
instruments reasonably necessary to convey the title thereto and to assign any
other property then required to be assigned pursuant hereto. Tenant shall pay
all charges incident to such conveyance and assignment, including reasonable
counsel fees, escrow fees, recording fees, title insurance premiums and all
applicable taxes that may be imposed by reason of such conveyance and assignment
and the delivery of said deed and other instruments.

                                       25

<PAGE>

      36. No Merger. There shall be no merger of this Lease or the leasehold
estate created hereby with the fee estate in the Land and Demised Premises by
reason that the same person or entity may acquire, hold or own such estates
directly or indirectly.

                                       26

<PAGE>

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

                              LANDLORD:

                              HEWITT PROPERTIES IV LLC

                              By:/s/ C.L. Connolly III
                                 -----------------------------------------------
                              Title: Authorized Signatory
                                     -------------------------------------------

                              TENANT:

                              HEWITT ASSOCIATES LLC

                              By:/s/ John M. Ryan
                                 -----------------------------------------------
                              Title: Chief Administrative Officer
                                     -------------------------------------------

                                       27

<PAGE>

                                    EXHIBIT A

                                Legal Description

                                  See Attached

PIN:     15-22-31-1218-31010

Address:  2300 Discovery Drive
          Orlando, Florida

<PAGE>

                                   PARCEL "A"

Lot 1, Block 31, CENTRAL FLORIDA RESEARCH PARK SECTION IV, according to the plat
thereof, as recorded in Plat Book 28, Pages 65 through 72, less and except:

         A portion of Block 31, Lot 1 of CENTRAL FLORIDA RESEARCH PARK SECTION -
         IV as recorded in Plat Book 28, Pages 65 through 72 of the Public
         Records of Orange County, Florida, being more particularly described as
         follows: Begin at the Northeast corner of Block 31, Lot 1 of the
         aforementioned Plat; thence run South 00 degrees 12 minutes 10 seconds
         East along the East line of Block 31, Lot 1, said line also being the
         West line of Block 101 and Block 102 of PALM LAKE ESTATES FIFTH
         ADDITION as recorded in Plat Book "U", Page 85 of the Public Records of
         Orange County, Florida, a distance of 1545.27 feet; thence leaving said
         line run South 89 degrees 47 minutes 50 seconds West 301.20 feet;
         thence North 02 degrees 14 minutes 43 seconds West 541.72 feet to the
         point of curvature of a curve concave southwesterly having a radius of
         670.00 feet; thence Northwesterly along the arc of said curve, through
         a central angle of 67 degrees 27 minutes 28 seconds a distance of
         706.42 feet to a point of reverse curvatura of a curve concave
         Northeasterly having a radius of 670.00 feet; thence Northwesterly
         along the arc of said curve, through a central angle of 30 degrees 27
         minutes 33 seconds a distance of 356.18 feet to a point on said curve,
         said point also being on the North line of Block 31, Lot 1, said line
         also being the South line of Lot 1 - Block 24 CENTRAL FLORIDA RESEARCH
         PARK SECTION - 111 as recorded in Plat Book 19, Pages 24. through 28 of
         the Public Records of Orange County, Florida; thence run North 75
         degrees 17 minutes 11 seconds East along said line a distance of
         1028.57 feet to the Point of Beginning.

and less and except

A portion of Block 31, Lot 1 of Central Florida Research Park Section - IV as
recorded in Plat Book 28, Pages 65 thru 72 of the Public Records of Orange
County, Florida, more particularly described as follows:

         Beginning at the Southeast corner of Block 31, Lot 1 of the
         aforementioned plat, thence run N. 88(degree)13'34"W. along the North
         line of the South 1/2, of the Southwest 1/4 of Section 14, Township 22
         South, Range 31 East and the South line of Block 31, Lot 1 a distance
         of 1362.63 feet to the Southwest corner of Block 31, Lot 1; thence
         leaving said South line run N 17(degree)10'35"W. along the West line of
         Block 31, Lot 1 a distance of 252.64 feet; thence leaving said West
         line run N. 62(degree)33'16"E. 1164.08 feet to a point on a curve
         concave Northwesterly having a radius of 0.00 feet; thence from a chord
         bearing of S.86(degree)59'09" E run Easterly along the arc of said
         curve; through a central angle of 190(degree)31'09" a distance of
         166.26 feet to the point of tangency of said curve; thence leaving said
         curve run N. 89(degree)47'50" E 301.20 feet to a point on the East line
         of Block 31, Lot 1, lying 1545.27 feet Southerly of the Northeast
         corner of said Block 31, Lot 1 said line also being the West line of
         Block 102 of Palm Lake Estates Fifth

<PAGE>

         Addition as recorded in Plat Book "U" Page 85 of the Public Records of
         Orange County, Florida; thence Run S.00(degree)12'10" E along said West
         line of Block 102 and Block 105 of Palm Lake Estates a distance of
         815.92 feet to the point of beginning.

Together with

         "Together with those non-exclusive easement rights granted to Owners of
         Sites pursuant to that certain Declaration of Covenants, Conditions,
         Restrictions, Reservations and Easements as recorded in Official
         Records Book 3296, Page 1248; First Amendment filed November 12, 1982
         in Official Records Book 3326, Page 302; Second Amendment filed
         December 17, 1982 in Official Records Book 3334, Page 466; Third
         Amendment filed September 28, 1983 in Official Records Book 3423, Page
         2491; Amended and Restated Restrictions filed January 31, 1985 in
         Official Records Book 3602, Page 2270; Second Amended and Restated
         Restrictions filed March 11, 1987 in Official Records Book 3867, Page
         4373; Third Amended and Restated Restrictions filed June 7, 1991 in
         Official Records Book 4294, Page 3790; First Amendment to Third Amended
         and Restated Restrictions filed February 4, 1993 in Official Records
         Book 4521, page 1093; Second Amendment to Third Amended and Restated
         Restrictions filed August 18, 1994 in official Records Book 4784, Page
         4268; Joinder to Third Amendment to Third Amended and Restated
         Restrictions filed March 29, 1996 in Official Records Book 5033, Page
         3839; Waiver of "Right or First Offer" filed February 29, 1996 in
         Official Records Book 5020, Page 664, Public Records of Orange County,
         Florida, including without limitation a non-exclusive easement for
         ingress and egress and road purposes over Research Parkway, Discovery
         Drive, Progress Drive, Technology Parkway, Science Drive, Ingenuity
         Drive, and Challenger Parkway, subject to the terms set forth herein."

<PAGE>

                                   PARCEL "B"

That portion of Lot 1, Block 31, CENTRAL FLORIDA RESEARCH PARK SECTION IV,
according to the plat thereof, as recorded in Plat Book 28, Pages 65 through 72,
further described as:

         A portion of Block 31, Lot 1 of CENTRAL FLORIDA RESEARCH PARK SECTION -
         IV as recorded in Plat Book 28, Pages 65 through 72 of the Public
         Records of Orange County, Florida, being more particularly described as
         follows: Begin at the Northeast corner of Block 31, Lot 1 of the
         aforementioned Plat; thence run South 00 degrees 12 minutes 10 seconds
         East along the East line of Block 31, Lot 1, said line also being the
         West line of Block 101 and Block 102 of PALM LAKE ESTATES FIFTH
         ADDITION as recorded in Plat Book "U", Page 85 of the Public Records of
         Orange County, Florida, a distance of 1545.27 feet; thence leaving said
         line run South 89 degrees 47 minutes 50 seconds West 301.20 feet;
         thence North 02 degrees 14 minutes 43 seconds West 541.72 feet to the
         point of curvature of a curve concave Southwesterly having a radius of
         600.00 feet; thence Northwesterly along the arc of said curve, through
         a central angle of 67 degrees 27 minutes 28 seconds a distance of
         706.42 feet to a point of reverse curvature of a curve concave
         Northeasterly having a radius of 670.00 feet; thence Northwesterly
         along the arc of said curve, through a central angle of 30 degrees 27
         minutes 33 seconds a distance of 356.18 feet to a point on said curve,
         said point also being on the North line of Block 31, Lot 1, said line
         also being the South line of Lot 1 - Block 24 CENTRAL FLORIDA RESEARCH
         PARK SECTION - 111 as recorded in Plot Book 19, Pages 24 through 28 of
         the public Records of Orange County, Florida; thence run North 75
         degrees 17 minutes 11 seconds East along said line a distance of
         1028.57 feet to the Point of Beginning.

AND

A portion of Block 31, Lot 1 of Central Florida Research Park Section - IV as
recorded in Plat Book 28, Pages 65 thru 72 of the Public Records of Orange
County, Florida, being more particularly described as follows:

         Beginning at the Southeast corner of Block 31, Lot 1 of the
         aforementioned plat, thence run N 88(degree)13'34"W. along the North
         line of the South 1/2, of the Southwest 1/4 of Section 14, Township 22
         South, Range 31 East and the South line of Block 31, Lot 1 a distance
         of 1362.63 feet to the Southwest corner of Block 31; Lot l; thence
         leaving said South line run N 17(degree)10'35"W along the West line of
         Block 31, Lot 1 a distance of 252.64 feet; thence leaving said West
         line run N 62(degree)33'16"E 1164.08 feet to a point on a curve concave
         Northwesterly having a radius of 56.00 feet; thence from a chord
         bearing of S 86(degree)59'09"E run Easterly along the arc of said
         curve; through a central angle of 190(degree)31'09" a distance of
         166.26 feet to the point of tangency of said curve; thence leaving said
         curve run N. 89(degree)47'50" E 301.20 feet to a point on the East line
         of Block 31, Lot 1, lying 1545.27 feet Southerly of the Northeast
         corner of said Block 31, Lot 1 said line

<PAGE>

         also being the West line of Block 102 of Palm Lake Estates Fifth
         Addition as recorded in Plat Book "U" Page 85 of the Public Records of
         Orange County, Florida; thence Run S 00(degree)12'10"E along said West
         line of Block 102 and Block 105 of Palm Lake Estates a distance of
         815.92 feet to the point of beginning.

AND

         Lot 4, Block 21, CENTRAL FLORIDA RESEARCH PARK SECTION III, according
         to the plat thereof, as recorded in Plat Book 19, Pages 24 through 28,
         Public Records of Orange County, Florida.

         "Together with those non-exclusive easement rights granted to Owners of
         Sites pursuant to that certain Declaration of Covenants, Conditions,
         Restrictions, Reservations and Easements as recorded in Official
         Records Book 3296, Page 1248; First Amendment filed November 12,
         1982-in Official Records Book 3326, Page 302; Second Amendment. filed
         December 17, 1982 in Official Records Book 3334, Page 466; Third
         Amendment filed September 28, 1983 in Official Records Book 3423, Page
         2491; Amended and Restated Restrictions filed January 31, 1985 in
         Official Records Book 3602, Page 2270; Second Amended and Restated
         Restrictions filed March 11, 1987 in Official Records Book 3867, Page
         4373; Third Amended and Restated Restrictions filed June 7, 1991 in
         Official Records Book 4294, Page 3790; First Amendment to Third Amended
         and Restated Restrictions filed February 4, 1993 in Official Records
         Book 4521, Page 1093; Second Amendment to Third Amended and Restated
         Restrictions filed August 18, 1994 in Official Records Book 4784, Page
         4268; Joinder to Third Amendment to Third Amended and Restated
         Restrictions filed March 29, 1996 in Official Records Book 5033, Page
         3839; Waiver of "Right of First Offer" filed February 29, 1996 in
         Official Records Book 5020, Page 664, Public Records of Orange County,
         Florida, including without limitation a non-exclusive easement for
         ingress and egress and road purposes over Research Parkway, Discovery
         Drive, Progress Drive, Technology Parkway, Science Drive, Ingenuity
         Drive, and Challenger Parkway, subject to the terms set forth herein."

<PAGE>

                                 OVERALL PARCEL

Lot 4, Block 21, Central Florida Research Park Section III as recorded in Plat
Book 19, Pages 24 through 28 of the Public Records of Orange County, Florida,
and Lot 1, Block 31, Central Florida Research Park Section IV, as recorded in
Plat Book 28, Pages 5 through 72 of the Public Records of Orange County,
Florida, being more particularly described as follows:

Beginning at the Northeast corner of said Lot 4, Block 21 run South
00(degree)12'10" East along the East line of said Lot 4, said line also being
the West line of Papa Lake Estates, Fifth Addition as recorded in plat Book "U",
Page 85 of the Public Records of Orange County, Florida, a distance of 551.19
feet to the Southeast corner of said Lot 4, Block 21, said point also being the
Northeast corner of said Lot 1, Block 31, Central Florida Research Park Section
IV; thence continue South 00(degree)12'10" East along the East line of said Lot
1, said line also being the West line of Palm Lake Estates Fifth Addition as
recorded in Plat Book "U", Page 85 of the Public Records of Orange County,
Florida, a distance of 2361.19 feet to the Southeast corner of said Lot 1;
thence North 88(degree)13'04" West along the South line of Said Lot 1 a distance
of 1362.64 feet to the Southwest corner of said Lot 1; thence North
17(degree)10'35" West along the Westerly line of said Lot 1, a distance of
2174.27 feet to the Northwesterly corner of said Lot 1, said corner also being a
point on a curve, concave Northwesterly, having a radius of 1296.47 feet; thence
from a chord bearing of North 75(degree)13'34" East, run Easterly along the arc
of said curve and the Northerly line of said Lot 1 through a central angle of
09(degree)12'49" a distance of 208.48 feet to the Point of Tangency; thence
continuing along the Northerly line of said Lot 1, North 70(degree)37'09" East,
a distance of 564.24 feet to the point of curvature of a curve, concave
Southwesterly and having a radius of 46.00 feet; thence Southeasterly along the
arc of said curve and the perimeter of said Lot 1, through a central angle of
90(degree)00'0", a distance of 72.26 feet to the Point of Tangency; thence South
19(degree)22'51" East, along the perimeter of said Lot l, a distance of 60.00
feet to the point of curvature of a curve concave Northeasterly and having a
radius of 750.00 feet; thence Southeasterly along the arc of said curve and the
perimeter of said Lot 1, through a central angle of 17(degree)06'12" a distance
of 223.88 feet; thence departing said curve, North 75(degree)17'11" East, a
distance of 86.98 feet to the Southwest corner of said Lot 4, Block 21, said
corner also being a point on a curve, concave Northeasterly and having a radius
of 670.00 feet; thence Northwesterly along the arc of said curve and the
Westerly line of said Lot 4, through a central angle of 19(degree)51'48", a
distance of 232.27 feet to the Point of Tangency, thence North 19(degree)22'51"
East, along the Westerly line of said Lot 4, a distance of 160.00 feet to the
Northwest corner of said Lot 4; thence North 68(degree)21'20" East, along the
North line of said Lot 4, a distance of 1247.06 feet to the POINT OF BEGINNING.

<PAGE>

                                    EXHIBIT B

                                    Site Plan

                                     [chart]

<PAGE>

                                    EXHIBIT C

                      Description of Plans, Specifications
                           and Construction Contracts

                                      None

<PAGE>

                                    EXHIBIT D
                                Schedule of Rents

                            HEWITT PROPERTIES IV LLC
                      MORTGAGE STYLE AMORTIZATION SCHEDULE

                 PRINCIPAL                   $30,00,000          ORLANDO FLORIDA
                 ANNUAL INTEREST                   7.13%
                 PAYMENT PER PERIOD          $  234,936             $30,000,000
                 PERIODS PER YEAR                    12
                 TERM (PERIODS)                     240
                 AVERAGE LIFE (PERIODS)           13.17
                 DURATION (PERIODS)               97.65

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------------
                                                                                                                  YEAR
    PMT                    APPLIED TO:              NEW                   PRESENT                                WEIGHT
   DATE      PMT     INTEREST       PRINCIPAL     BALANCE     PAYMENT      VALUE    PROPORTION   DURATION      PRINCIPAL
--------------------------------------------------------------------------------------------------------------------------
  <S>        <C>     <C>            <C>         <C>           <C>         <C>       <C>          <C>          <C>
  May-99      0                                 30,000,000
  May-99      1        89,125              -    30.000,000     89,125      88,861     0.0030      0.0030              -
  Jun-99      2       178,250              -    30,000,000    178,250     176,673     0.0059      0.0118              -
  Jul-99      3       178,250              -    30,000,000    178,250     175,630     0.0059      0.0176              -
  Aug-99      4       178,250              -    30,000,000    178,250     174,592     0.0058      0.0233              -
  Sep-99      5       178,250              -    30,000,000    178,250     173,561     0.0058      0.0289              -
  Oct-99      6       178,250              -    30,000,000    178,250     172,536     0.0058      0.0345              -
  Nov-99      7       178,250              -    30,000,000    178,250     171,517     0.0057      0.0400              -
  Dec-99      8       178,250              -    30,000,000    178,250     170,504     0.0057      0.0455              -
  Jan-00      9       178,250              -    30,000,000    178,250     169,497     0.0056      0.0508              -
  Feb-00     10       178,250              -    30,000,000    178,250     168,495     0.0056      0.0562              -
  Mar-00     11       178,250         56,686    29,943,314    234,936     220,768     0.0074      0.0809        623,551
  Apr-00     12       177,913         57,023    29,886,290    234,936     219,464     0.0073      0.0878        684,279
  May-00     13       177,574         57,362    29,828,928    234,936     218,168     0.0073      0.0945        745,707
  Jun-00     14       177,234         57,703    29,771,225    234,936     216,879     0.0072      0.1012        807,840
  Jul-00     15       176,891         58,046    29,713,180    234,936     215,598     0.0072      0.1078        870,686
  Aug-00     16       176,546         58,391    29,654,789    234,936     214,325     0.0071      0.1143        934,250
  Sep-00     17       176,199         58,738    29,596,052    234,936     213,059     0.0071      0.1207        998,538
  Oct-00     18       175,850         59,087    29,536,965    234,936     211,800     0.0071      0.1271      1,063,558
  Nov-00     19       175,499         59,438    29,477,527    234,936     210,549     0.0070      0.1333      1,129,315
  Dec-00     20       175,146         59,791    29,417,737    234,936     209,306     0.0070      0.1395      1,195,815
  Jan-01     21       174,790         60,146    29,357,591    234,936     208,069     0.0069      0.1456      1,263,067
  Feb-0l     22       174,433         60,503    29,297,087    234,936     206,840     0.0069      0.1517      1,331,075
  Mar-01     23       174,074         60,863    29,236,224    234,936     205,619     0.0069      0.1576      1,399,846
  Apr-01     24       173,712         61,225    29,175,000    234,936     204,404     0.0068      0.1635      1,469,388
  May-0l     25       173,348         61,588    29,113,412    234,936     203,197     0.0068      0.1693      1,539,707
  Jun-01     26       172,982         61,954    29,051,457    234,936     201,997     0.0067      0.1751      1,610,810
  Jul-01     27       172,614         62,322    28,989,135    234,936     200,803     0.0067      0.1807      1,682,703
  Aug-01     28       172,244         62,693    28,926,442    234,936     199,617     0.0067      0.1863      1,755,394
  Sep-01     29       171,871         63,065    28,863,377    234,936     198,438     0.0066      0.1918      1,828,889
  Oct-01     30       171,497         63,440    28,799,937    234,936     197,266     0.0066      0.1973      1,903,196
  Nov-01     31       171,120         63,817    28,736,121    234,936     196,101     0.0065      0.2026      1,978,320
  Dec-01     32       170,740         64,196    28,671,925    234,936     194,943     0.0065      0.2079      2,054,271
  Jan-02     33       170,359         64,577    28,607,347    234,936     193,791     0.0065      0.2132      2,131,054
  Feb-02     34       169,975         64,961    28,542,386    234,936     192,647     0.0064      0.2183      2,208,677
  Mar-02     35       169,589         65,347    28,477,039    234,936     191,509     0.0064      0.2234      2,287,148
  Apr-02     36       169,201         65,735    28,411,304    234,936     190,378     0.0063      0.2285      2,366,472
--------------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

<TABLE>
--------------------------------------------------------------------------------------------------------------------
  <S>        <C>    <C>        <C>         <C>             <C>         <C>         <C>        <C>       <C>
  May-02     37     168,810    66,126      28,345,178      234,936     189,253     0.0063     0.2334    2,446,659
  Jun-02     38     168,418    66,519      28,278,659      234,936     188,135     0.0063     0.2383    2,527,715
  Jul-02     39     168,022    66,914      28,211,745      234,936     187,024     0.0062     0.2431    2,609,648
  Aug-02     40     167,625    67,312      28,144,433      234,936     185,919     0.0062     0.2479    2,692,465
  Sep-02     41     167,225    67,712      28,076,722      234,936     184,821     0.0062     0.2526    2,776,175
  Oct-02     42     166,823    68,114      28,008,608      234,936     183,730     0.0061     0.2572    2,860,784
  Nov-02     43     166,418    68,519      27,940,089      234,936     182,644     0.0061     0.2618    2,946,300
  Dec-02     44     166,011    68,926      27,871,163      234,936     181,566     0.0061     0.2663    3,032,732
  Jan-03     45     165,601    69,335      27,801,828      234,936     180,493     0.0060     0.2707    3,120,086
  Feb-03     46     165,189    69,747      27,732,081      234,936     179,427     0.0060     0.2751    3,208,372
  Mar-03     47     164,775    70,162      27,661,919      234,936     178,367     0.0059     0.2794    3,297,597
  Apr-03     48     164,358    70.579      27,591,341      234,936     177,314     0.0059     0.2837    3,387,769
  May-03     49     163,939    70,998      27,520,343      234,936     176,266     0.0059     0.2879    3,478,895
  Jun-03     50     163,517    71,420      27,448,923      234,936     175,225     0.0058     0.2920    3,570,986
  Jul-03     51     163,092    71,844      27,377,079      234,936     174,190     0.0058     0.2961    3,664,047
  Aug-03     52     162,665    72,271      27,304.808      234,936     173,161     0.0058     0.3001    3,758,089
  Sep-03     53     162,236    72,700      27,232.108      234.936     172,139     0.0057     0.3041    3,853,118
  Oct-03     54     161,804    73,132      27,158,976      234,936     171,122     0.0057     0.3080    3,949,145
  Nov-03     55     161,370    73,567      27,085,409      234,936     170,111     0.0057     0.3119    4,046,176
  Dec-03     56     160,932    74,004      27,011,405      234,936     169,106     0.0056     0.3157    4,144,221
  Jan-04     57     160,493    74,444      26,936.961      234,936     168,108     0.0056     0.3194    4,243,288
  Feb-04     58     160,050    74,886      26,862.075      234,936     167,115     0.0056     0.3231    4,343,386
  Mar-04     59     159,605    75,331      26,786,744      234,936     166,128     0.0055     0.3267    4,444,524
  Apr-04     60     159,158    75,779      26,710,966      234,936     165,146     0.0055     0.3303    4,546,711
  May-04     61     158,708    76,229      26,634,737      234,936     164,171     0.0055     0.3338    4,649,954
  Jun-04     62     158,255    76,682      26,558.055      234,936     163,201     0.0054     0.3373    4,754,265
  Jul-04     63     157,799    77,137      26,480,918      234,936     162,237     0.0054     0.3407    4,859,650
  Aug-04     64     157,341    77,596      26,403,322      234,936     161,279     0.0054     0.3441    4,966,120
  Sep-04     65     156,880    78,057      26,325,266      234,936     160,326     0.0053     0.3474    5,073,684
  Oct-04     66     156,416    78,520      26,246,745      234,936     159,379     0.0053     0.3506    5,182,351
  Nov-04     67     155,949    78,987      26,167,758      234,936     158,438     0.0053     0.3538    5,292,129
  Dec-04     68     155,480    79,456      26,088,302      234,936     157,502     0.0053     0.3570    5,403,030
  Jan-05     69     155,008    79,928      26,008,373      234,936     156,572     0.0052     0.3601    5,515,061
  Feb-05     70     154,533    80,403      25,927,970      234,936     155,647     0.0052     0.3632    5,628,233
  Mar-05     71     154,055    80,881      25,847,089      234,936     154,728     0.0052     0.3662    5,742,555
  Apr-05     72     153,575    81,362      25,765,727      234,936     153,814     0.0051     0.3692    5,858,037
  May-05     73     153,091    81,845      25,683,882      234,936     152,905     0.0051     0.3721    5,974,689
  Jun-05     74     152,605    82,331      25,601,551      234,936     152,002     0.0051     0.3749    6,092,520
  Jul-05     75     152,116    82,821      25,518,731      234,936     151,104     0.0050     0.3778    6.211,540
  Aug-05     76     151,624    83,313      25,435,418      234,936     150,212     0.0050     0.3805    6,331,760
  Sep-05     77     151,129    83,808      25,351,610      234,936     149,325     0.0050     0.3833    6,453,188
  Oct-05     78     150,631    84,306      25,267,305      234,936     148,443     0.0049     0.3859    6,575,837
  Nov-05     79     150,130    84,807      25,182,498      234,936     147,566     0.0049     0.3886    6,699,715
  Dec-05     80     149,626    85,310      25,097,188      234,936     146,694     0.0049     0.3912    6,824,833
  Jan-06     81     149,119    85,817      25,011,370      234,936     145,828     0.0049     0.3937    6,951,201
  Feb-06     82     148,609    86,327      24,925,043      234,936     144,966     0.0048     0.3962    7,078,830
  Mar-06     83     148,096    86,840      24,838,203      234,936     144,110     0.0048     0.3987    7,207,730
  Apr-06     84     147,580    87,356      24,750,847      234,936     143,259     0,0048     0.4011    7,337,912
  May-06     85     147,061    87,875      24,662,972      234,936     142,413     0.0047     0.4035    7,469,386
  Jun-06     86     146,539    88,397      24,574,575      234,936     141,572     0.0047     0.4058    7,602,164
  Jul-06     87     146,014    88,922      24,485,652      234,936     140,735     0.0047     0.4081    7,736,256
  Aug-06     88     145,486    89,451         243,201      234,936     139,904     0.0047     0.4104    7,871,673
  Sep-06     89     144,954    89,982      24,306,219      234,936     139,078     0.0046     0.4126    8,008,426
  Oct-06     90     144,419    90,517      24,215,702      234,936     138,256     0.0046     0.4148    8,146,527
  Nov-06     91     143,882    91,055      24,124,647      234,936     137,440     0.0046     0.4169    8,285,986
  Dec-06     92     143,341    91,596      24,033,051      234,936     136,628     0.0046     0.4190    8,426,814
  Jan-07     93     142,796    92,140      23,940,911      234,936     135,821     0.0045     0.4210    8,569,023
  Feb-07     94     142,249    92,688      23,848,224      234,936     135,019     0.0045     0.4231    8,712,625
  Mar-07     95     141,698    93,238      23,754,986      234,936     134,221     0.0045     0.4250    8,857,631
  Apr-07     96     141,144    93,792      23,661,193      234,936     133,428     0.0044     0.4270    9,004,052
  May-07     97     140,587    94,349      23,566,844      234,936     132,640     0.0044     0.4289    9,151,901
  Jun-07     98     140,026    94,910      23,471,934      234,936     131,857     0.0044     0.4307    9,301,188
--------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

<TABLE>
---------------------------------------------------------------------------------------------------------------
  <S>       <C>    <C>        <C>       <C>           <C>         <C>        <C>       <C>        <C>
  Jul-07     99    139,462     95,474   23,376,460    234,936     131,078    0.0044    0.4326      9,451,927
  Aug-07    100    138,895     96,041   23,280,419    234,936     130,304    0.0043    0.4343      9,604,128
  Sep-07    101    138,324     96,612   23,183,807    234,936     129,534    0.0043    0.4361      9,757,805
  Oct-07    102    137,750     97,186   23,086,621    234,936     128,769    0.0043    0.4378      9,912,968
  Nov-07    103    137,173     97,763   22,988,857    234,936     128,008    0.0043    0.4395     10,069,631
  Dec-07    104    136,592     98.344   22,890,513    234,936     127,252    0.0042    0.4411     10,227,806
  Jan-08    105    136,008     98,929   22,791,584    234,936     126,501    0.0042    0.4428     10,387,505
  Feb-08    106    135,420     99,516   22,692,068    234,936     125,754    0.0042    0.4443     10,548,740
  Mar-08    107    134,829    100,108   22,591,960    234,936     125,011    0.0042    0.4459     10,711,525
  Apr-08    108    134,234    100,703   22,491,258    234,936     124,272    0.0041    0.4474     10,875,872
  May-08    109    133,636    101,301   22,389,957    234,936     123,538    0.0041    0.4489     11,041,794
  Jun-08    110    133,034    101,903   22,288,054    234,936     122,809    0.0041    0.4503     11,209,303
  Jul-08    111    132,428    102,508   22,185,546    234,936     122,083    0.0041    0.4517     11,378,413
  Aug-08    112    131,819    103,117   22,082,429    234,936     121,362    0.0040    0.4531     11,549,137
  Sep-08    113    131,206    103,730   21,978,699    234,936     120,645    0.0040    0.4544     11,721,488
  Oct-08    114    130,590    104,346   21,874,352    234,936     119,933    0.0040    0.4557     11,895,480
  Nov-08    115    129,970    104,966   21,769,386    234,936     119,224    0.0040    0.4570     12,071,125
  Dec-08    116    129,346    105,590   21,663,796    234,936     118,520    0.0040    0.4583     12,248,438
  Jan-09    117    128,719    106,217   21,557,579    234,936     117,820    0.0039    0.4595     12,427,431
  Feb-09    118    128,088    106,848   21,450,730    234,936     117,124    0.0039    0.4607     12,608,119
  Mar-09    119    127,453    107,483   21,343,247    234,936     116,432    0.0039    0.4618     12,790,516
  Apr-09    120    126,814    108,122   21,235,125    234,936     115,745    0.0039    0.4630     12,974,635
  May-09    121    126,172    108,764   21,126,361    234,936     115,061    0.0038    0.4641     13,160,490
  Jun-09    122    125,526    109,411   21,016,950    234,936     114,381    0.0038    0.4651     13,348,096
  Jul-09    123    124,876    110,061   20,906,889    234,936     113,706    0.0038    0.4662     13,537,467
  Aug-09    124    124,222    110,715   20,796,175    234,936     113,034    0.0038    0.4672     13,728,617
  Sep-09    125    123,564    111,372   20,684,802    234,936     112,367    0.0037    0.4682     13,921,560
  Oct-09    126    122,902    112,034   20,572,768    234,936     111,703    0.0037    0.4691     14,116,311
  Nov-09    127    122,237    112,700   20,460,068    234,936     111,043    0.0037    0.4701     14,312,886
  Dec-09    128    121,567    113,370   20,346,698    234,936     110,387    0.0037    0.4710     14,511,298
  Jan-10    129    120,893    114,043   20,232,655    234,936     109,735    0.0037    0.4719     14,711,562
  Feb-10    130    120,216    114,721   20,117,935    234,936     109,087    0.0036    0.4727     14,913,694
  Mar-10    131    119,534    115,402   20,002,532    234,936     108,443    0.0036    0.4735     15,117,708
  Apr-10    132    118,848    116,088   19,886,444    234,936     107,802    0.0036    0.4743     15,323,621
  May-10    133    118,159    116,778   19,769,666    234,936     107,165    0.0036    0.4751     15,531,447
  Jun-10    134    117,465    117,472   19,652,195    234,936     106,532    0.0036    0.4758     15,741,201
  Jul-10    135    116,767    118,170   19,534,025    234,936     105,903    0.0035    0.4766     15,952,899
  Aug-10    136    116,065    118,872   19,415,153    234,936     105,278    0.0035    0.4773     16,166,558
  Sep-10    137    115,358    119,578   19,295,575    234,936     104,656    0.0035    0.4779     16,382,192
  Oct-10    138    114,648    120,289   19,175,287    234,936     104,038    0.0035    0.4786     16,599,818
  Nov-10    139    113,933    121,003   19,054,284    234,936     103,423    0.0034    0.4792     16,819,452
  Dec-10    140    113,214    121,722   18,932,561    234,936     102,812    0.0034    0.4798     17,041,110
  Jan-11    141    112,491    122,445   18,810,116    234,936     102,205    0.0034    0.4804     17,264,808
  Feb-11    142    111,763    123,173   18,686,943    234,936     101,601    0.0034    0.4809     17,490,563
  Mar-11    143    111,032    123,905   18,563,038    234,936     101,001    0.0034    0.4814     17,718,391
  Apr-11    144    110,295    124,641   18.438,397    234,936     100,405    0.0033    0.4819     17,948,309
  May-11    145    109,555    125,382   18,313,015    234,936      99,812    0.0033    0.4824     18,180,333
  Jun-11    146    108,810    126,127   18,186,889    234,936      99,222    0.0033    0.4829     18,414,481
  Jul-11    147    108,060    126,876   18,060,013    234,936      98,636    0.0033    0.4833     18,650,770
  Aug-11    148    107,307    127,630   17,932,383    234,936      98,053    0.0033    0.4837     18,889,216
  Sep-11    149    106,548    128,388   17,803,995    234,936      97,474    0.0032    0.4841     19,129,838
  Oct-11    150    105,785    129,151   17,674,844    234,936      96,899    0.0032    0.4845     19,372,652
  Nov-11    151    105,018    129,918   17,544,925    234,936      96,326    0.0032    0.4848     19,617,676
  Dec-11    152    104,246    130,690   17,414,235    234,936      95,757    0.0032    0.4852     19,864,928
  Jan-12    153    103,470    131,467   17,282,768    234,936      95,192    0.0032    0.4855     20,114,426
  Feb-12    154    102,688    132,248   17,150,520    234,936      94,629    0.0032    0.4858     20,366,187
  Mar-12    155    101,903    133,034   17,017,487    234,936      94,070    0.0031    0.4860     20,620,230
  Apr-12    156    101,112    133,824   16,883,662    234,936      93,515    0.0031    0.4863     20,876,753
  May-12    157    100,317    134,619   16,749,043    234,936      92,962    0.0031    0.4865     21,135,234
  Jun-12    158     99,517    135,419   16,613,624    234,936      92,413    0.0031    0.4867     21,396,231
  Jul-12    159     98,713    136,224   16,477,400    234,936      91,868    0.0031    0.4869     21,659,584
---------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

<TABLE>
----------------------------------------------------------------------------------------------------------
   <S>       <C>     <C>     <C>       <C>          <C>       <C>      <C>        <C>        <C>
   Aug-12    160     97,903  137,033   16,340,397   234,936   91,325   0.0030     0.4871     21,396,231
   Sep-12    161     97,089  137,847   16,202,520   234,936   90,785   0.0030     0.4872     21,193,432
   Oct-12    162     96,270  138,666   16,063,853   234,936   40,249   0.0030     0.4873     22,463,964
   Nov-12    163     95,446  139,490   15,924,363   234,936   89,716   0.0030     0.4875     22,736,928
   Dec-12    164     94,617  140,319   15,784,044   234,936   89,186   0.0030     0.4875     23,012,342
   Jan-13    165     93,784  141,153   15,642,891   234,936   88,659   0.0030     0.4876     23,290,772
   Feb-13    166     92,945  141,992   15,500,899   234,936   88,136   0.0029     0.4877     23,570,601
   Mar-13    167     92,101  142,835   15,358,064   234,936   87,615   0.0029     0.4877     23,853,485
   Apr-13    168     91,252  143,684   15,214,380   234,936   87,098   0.0029     0.4877     24,138,899
   May-13    169     90,399  144,538   15,069,842   234,936   86,583   0.0029     0.4878     24,426,862
   Jun-13    170     89,540  145,396   14,924,446   234,936   86,072   0.0029     0.4877     24,717,394
   Jul-13    171     88,676  146,260   14,778,186   234,936   85,563   0.0029     0.4877     25,010,517
   Aug-13    172     87,807  147,129   14,631,056   234,936   85,058   0.0028     0.4877     25,306;251
   Sep-13    173     86,933  148,004   14,483,053   234,936   84,556   0.0028     0.4876     25,604,615
   Oct-13    174     86,053  148,883   14,334,170   234,936   84,056   0.0028     0.4875     25,905,633
   Nov-13    175     85,169  149,768   14,184,402   234,936   83,560   0.0028     0.4874     26,209,323
   Dec-13    176     84,279  150,657   14,033,745   234,936   83,066   0.0028     0.4873     26,515,707
   Jan-14    177     83,384  151,553   13,882,192   234,936   82,576   0.0028     0.4872     26,824,807
   Feb-14    178     82,483  152,453   13,729,739   234,936   82,088   0.0027     0.4871     27,136,644
   Mar-14    179     81,578  153,359   13,576,380   234,936   81,603   0.0027     0.4869     27,451,240
   Apr-14    180     80,666  154,270   13,422,110   234,936   81,121   0.0027     0.4867     27,768,616
   May-14    181     79,750  155,187   13,266,923   234,936   80,642   0.0027     0.4865     28,088,795
   Jun-14    182     78,828  156,109   13,110,815   234,936   80,166   0.0027     0.4863     28,411,798
   Jul-14    183     77,900  157,036   12,953,778   234,936   79,692   0.0027     0.4861     28,737,648
   Aug-14    184     76,967  157,969   12,795,809   234,936   79,221   0.0026     0.4859     29,066,367
   Sep-14    185     76,028  158,908   12,636,901   234,936   78,753   0.0026     0.4856     29,397,977
   Oct-14    186     75,084  159,852   12,477,049   234,936   78,288   0.0026     0.4854     29,732,502
   Nov-14    187     74,134  160,802   12,316,247   234,936   77,826   0.0026     0.4851     30,069,965
   Dec-14    188     73,179  161,757   12,154,489   234,936   77,366   0.0026     0.4848     30,410,388
   Jan-15    189     72,218  162,718   11,991,771   234,936   76,909   0.0026     0.4845     30,753,795
   Feb-15    190     71,251  163,685   11,828,086   234,936   76,455   0.0025     0.4842     31,100,209
   Mar-15    191     70,279  164,658   11,663,428   234,936   76,003   0.0025     0.4839     31,449,654
   Apr-15    192     69,300  165,636   11,497,791   234,936   75,554   0.0025     0.4835     31,802,154
   May-15    193     68,316  166,620   11,331,171   234,936   75,108   0.0025     0.4832     32,157,732
   Jun-15    194     67,326  167,610   11,163,561   234,936   74,664   0.0025     0.4828     32,516,413
   Jul-15    195     66,330  168,606   10,994,954   234,936   74,223   0.0025     0.4825     32,878,221
   Aug-15    196     65,328  169,608   10,825,346   234,936   73,785   0.0025     0.4821     33,243,180
   Sep-15    197     64,321  170,616   10,654,731   234,936   73,349   0.0024     0.4817     33,611,316
   Oct-15    198     63,307  171,630   10,483,101   234,936   72,916   0.0024     0.4812     33,982,653
   Nov-15    199     62,287  172,649   10,310,452   234,936   72,485   0.0024     0.4808     34,357,216
   Dec-15    200     61,261  173,675   10,136,777   234,936   72,057   0.0024     0.4804     34,735,030
   Jan-16    201     60,229  174,707    9,962,069   234,936   71,632   0.0024     0.4799     35,116,121
   Feb-16    202     59,191  175,745    9,786,324   234,936   71,208   0.0024     0.4795     35,500,514
   Mar-16    203     58,147  176,789    9,609,535   234,936   70,788   0.0024     0.4790     35,888,236
   Apr-16    204     57,097  177,840    9,431,695   234,936   70,370   0.0023     0.4785     36,279,312
   May-16    205     56,040  178,896    9,252,799   234,936   69,954   0.0023     0.4780     36,673,768
   Jun-16    206     54,977  179,959    9,072,839   234,936   69,541   0.0023     0.4775     37,071,630
   Jul-16    207     53,908  181,029    8,891,811   234,936   69,130   0.0023     0.4770     37,472,926
   Aug-16    208     52,832  182,104    8,709,707   234,936   68,722   0.0023     0.4765     37,877,682
   Sep-16    209     51,750  183,186    8,526,520   234,936   68,316   0.0023     0.4759     38,285,925
   Oct-16    210     50,662  184,275    8,342,246   234,936   67,912   0.0023     0.4754     38,697,682
   Nov-16    211     49,567  185,370    8,156,876   234,936   67,511   0.0023     0.4748     39,112,980
   Dec-16    212     48,465  186,471    7,970,405   234,936   67,113   0.0022     0.4743     39,531,847
   Jan-17    213     47,357  187,579    7,782,826   234,936   66,716   0.0022     0.4737     39,954,311
   Feb-17    214     46,243  188,693    7,594,133   234,936   66,322   0.0022     0.4731     40,380,400
   Mar-17    215     45,122  189,815    7,404,318   234,936   65,930   0.0022     0.4725     40,810,141
   Apr-17    216     43,994  190,942    7,213,376   234,936   65,541   0.0022     0.4719     41,243,564
   May-17    217     42,859  192,077    7,021,299   234,936   65,154   0.0022     0.4713     41,680,696
   Jun-17    218     41,718  193,218    6,828,081   234,936   64,769   0.0022     0.4707     42,121,567
   Jul-17    219     40,570  194,366    6,633,714   234,936   64,386   0.0021     0.4700     42,566,206
   Aug-17    220     39,415  195,521    6,438,193   234,936   64,006   0.0021     0.4694     43,014,641
   Sep-17    221     38,254  196,683    6,241,510   234,936   63,628   0.0021     0.4687     43,466,903
----------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

<TABLE>
--------------------------------------------------------------------------------------------------------------------
     <S>       <C>  <C>        <C>            <C>         <C>      <C>             <C>      <C>      <C>
     Oct-17    222   37,085        197,851    6,043,659   234,936       63,252     0.0021   0.4681       43,923,020
     Nov-17    223   35,909        199,027    5,844,632   234,936       62,879     0.0021   0.4674       44,383,023
     Dec-17    224   34,727        200,210    5,644,422   234,936       62,507     0.0021   0.4667       44,846,942
     Jan-18    225   33,537        201,399    5,443,023   234,936       62,138     0.0021   0.4660       45,314,806
     Feb-18    226   32,341        202,596    5,240,427   234,936       61,771     0.0021   0.4653       45,786,648
     Mar-18    227   31,137        203,800    5,036,628   234,936       61,406     0.0020   0.4646       46,262,496
     Apr-18    228   29,926        205,010    4,831,617   234,936       61,043     0.0020   0.4639       46,742,383
     May-18    229   28,708        206,229    4,625,389   234,936       60,683     0.0020   0.4632       47,226,339
     Jun-18    230   27,483        207,454    4,417,935   234,936       60,324     0.0020   0.4625       47,714,396
     Jul-18    231   26,250        208,687    4,209,249   234,936       59,968     0.0020   0.4618       48,206,586
     Aug-18    232   25,010        209,926    3,999,322   234,936       59,614     0.0020   0.4610       48,702,940
     Sep-18    233   23,763        211,174    3,788,148   234,936       59,262     0.0020   0.4603       49,203,490
     Oct-18    234   22,508        212,429    3,575,720   234,936       58,912     0.0020   0.4595       49,708,269
     Nov-18    235   21,246        213,691    3,362,029   234,936       58,564     0.0020   0.4587       50,217,310
     Dec-18    236   19,976        214,960    3,147,069   234,936       58,218     0.0019   0.4580       50,730,645
     Jan-19    237   18,699        216,238    2,930,831   234,936       57,874     0.0019   0.4572       51,248,307
     Feb-19    238   17,414        217,522    2,713,309   234,936       57,532     0.0019   0.4564       51,770,330
     Mar-19    239   16,122        218,815    2,494,494   234,936       57,192     0.0019   0.4556       52,296,747
     Apr-19    240   14,821        220,115    2,274,379   234,936       56,853     0.0019   0.4548       52,827,592
     May-19    241   13,514        221.423    2,052,956   234,936       56,519     0.0019   0.4540       53,362,898
     Jun-19    242  12,1988        222,738    1,830,218   234,936       56,185     0.0019   0.4532       53,902,701
     Jul-19    243   10,875        224,062    1,606,156   234,936       55,853     0.0019   0.4524       54,447,035
     Aug-19    244    9,543        225,393    1,380,763   234,936       55,523     0.0019   0.4516       54,995,934
     Sep-19    245    8,204        226,732    1,154,030   234,936       55,195     0.0018   0.4508       55,549,434
     Oct-19    246    6,857        228,090      925,951   234,936       54,869     0.0018   0.4499       56,107,570
     Nov-19    247    5,502        229,435      696,516   234,936       54,545     0.0018   0.4491       56,670,377
     Dec-19    248    4,138        230,798      465,718   234,936       54,223     0.0018   0.4482       57,237,892
     Jan-20    249    2,767        232,169      233,549   234,936       53,903     0.0018   0.4474       57,810,149
     Feb-20    250    1,388        233,549            0   234,936       53,584     0.0018   0.4465       58,387,187

                               $30,000,000                         $30,000,000       1.00    97.65   $4,740,629,438
--------------------------------------------------------------------------------------------------------------------
</TABLE>

<PAGE>

                       FIRST AMENDMENT TO LEASE AGREEMENT

      THIS FIRST AMENDMENT TO LEASE AGREEMENT (this "Lease") is made as of the
31st day of May, 2002 between HEWITT PROPERTIES IV LLC, an Illinois limited
liability company, having its principal office at 100 Half Day Road,
Lincolnshire, Illinois 60069 (the "Landlord"), and HEWITT ASSOCIATES LLC, an
Illinois limited liability company, having its principal office at 100 Half Day
Road, Lincolnshire, Illinois 60069 (the "Tenant").

                              W I T N E S S E T H:

      Landlord and Tenant have entered into that certain Lease Agreement dated
as of April 22, 1999 ("Lease") for approximately 97 acres situated in Orlando,
Florida, County of Orange and legally described on Exhibit A attached hereto and
made a part hereof (the "Land"), together with all improvements located thereon.
All capitalized terms used herein and not otherwise defined shall have the
definition provided to them in the Lease.

      Contemporaneously with the execution of the Lease, Landlord issued
$85,000,000 of its Secured Credit Tenant Notes due 2020 (the "Notes") pursuant
to a Note Purchase Agreement (the "Original Note Agreement") which Notes and
obligations are secured in substantial part by the Lease.

      Landlord and the holders of the Notes are amending the Original Note
Agreement and in connection therewith desire to amend the Lease as set forth
herein.

      1. Definition of Note Amendment. The term "Note Agreement" as used in the
Lease as amended hereby and as may be further amended or modified shall mean
that certain Note Purchase Agreement dated as of April 22, 1999 among Landlord,
Tenant and the Purchasers (as such term is defined in the Note Purchase
Agreement) and any and all existing and future modifications, amendments and/or
supplements thereto.

      2. Choice of Law and Interpretation. This Amendment shall be governed by
the internal law of the State of Illinois, without considering such state's
choice of law rules.

      3. Conflict. In the event of any conflict between the terms of this
Amendment and the language of the Lease, the terms of this Amendment shall
control.

      4. Counterpart. This Amendment may be executed in two or more
counterparts, each of which shall be an original, but all of which taken
together shall constitute one and the same agreement.

      5. Lease Terms Unmodified. Except as set forth above, the Lease shall
remain unmodified and in full force and effect.

                                       28

<PAGE>

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

                                          LANDLORD:

                                          HEWITT PROPERTIES III LLC

                                          By:/s/ C. L. Connolly III
                                             -----------------------------------
                                          Title: Authorized Representative

                                          TENANT:

                                          HEWITT ASSOCIATES LLC

                                          By:/s/ C. L. Connolly III
                                             -----------------------------------
                                          Title: Authorized Representative

                                       29

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00052-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00052-of-00352.parquet"}]]