Document:

<PAGE>

                                                                    Exhibit 10.6

     Date:                              June 6, 1997

     Lessor:                            Three Embarcadero Center Venture

     Lessee:                            Aegis Mortgage Acceleration Corporation

     Premises:                          Suite 500

     Base Year:                         1997

     Rentable Area of Premises:         23,363 square feet

     Lessee's Percentage Share:         3.61%

     Term Commencement:                 October 1, 1997

     Term Expiration:                   September 30, 2002

     Base Rent:                         $60,354 per month

     Security Deposit:                  $400,000

     Lessee's Address for Notices:      Three Embarcadero Center
                                        5th Floor
                                        San Francisco, CA 94111

     Lessor's Address for Notices:      Suite 2600
                                        Four Embarcadero Center
                                        San Francisco, CA 94111

     Exhibit(s) and Addendum:           Exhibit A - Floor Plan of the 5th Floor
                                        Exhibit B - Space Plan and Outline
                                                    Specifications
                                        Exhibit C - Form of Letter of Credit
                                                    Addendum to Office Lease

The provisions of the Lease identified above in the margin are those provisions
where references to particular Basic Lease Information appear. Each such
reference shall incorporate the applicable Basic Lease Information. In the event
of any conflict between any Basic Lease Information and the Lease, the latter
shall control.
<PAGE>

LESSEE                                  LESSOR

AEGIS MORTGAGE                          THREE EMBARCADERO
ACCELERATION CORPORATION,               CENTER VENTURE,
a Delaware corporation                  a partnership

                                        By: Pacific Property Services, L.P., a
                                            California limited partnership,
                                            Managing Agent

By:  /s/ John Decker                        By: /s/ ^^
   --------------------------------            ------------------------------
Its:  President                             Its:  Chief Operating Officer
    -------------------------------             -----------------------------

By:
   --------------------------------
Its:
    -------------------------------

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                               TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                            Page
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<S>                                                                         <C>
1.   Definitions.........................................................
2.   Term; Condition of Premises.........................................
3.   Rental..............................................................
4.   Escalation Rent Payments............................................
5.   Use.................................................................
6.   Services............................................................
7.   Impositions Payable by Lessee.......................................
8.   Alterations.........................................................
9.   Liens...............................................................
10.  Repairs.............................................................
11.  Destruction or Damage...............................................
12.  Subrogation.........................................................
13.  Indemnification.....................................................
14.  Compliance with Legal Requirements..................................
15.  Assignment and Subletting...........................................
16.  Rules...............................................................
17.  Entry by Lessor.....................................................
18.  Events of Default...................................................
19.  Termination upon Default............................................
20.  Continuation after Default..........................................
21.  Other Relief........................................................
22.  Lessor's Right to Cure Defaults.....................................
23.  Attorneys' Fees.....................................................
24.  Eminent Domain......................................................
25.  Subordination.......................................................
26.  No Merger...........................................................
27.  Sale................................................................
28.  Estoppel Certificate................................................
29.  No Light, Air, or View Easement.....................................
30.  Holding Over........................................................
31.  Security Deposit....................................................
32.  Waiver..............................................................
33.  Notices and Consents................................................
34.  Complete Agreement..................................................
35.  Authority...........................................................
36.  Miscellaneous.......................................................
37.  Exhibits............................................................
</TABLE>

Rules and Regulation
Exhibit(s) and Addendum
<PAGE>

     THIS LEASE, dated June 6, 1997, for purposes of reference only, is made and
entered into by and between THREE EMBARCADERO CENTER VENTURE, a partnership
("Lessor") and AEGIS MORTGAGE ACCELERATION CORPORATION, a Delaware corporation
("Lessee").

                                  WITNESSETH:

     Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor the
premises described in section 1 (b) below for the term and subject to the terms,
covenants, agreements and conditions hereinafter set forth, to each and all of
which Lessor and Lessee hereby mutually agree.

     1.   Unless the context otherwise specifies or requires, the following
terms shall have the meanings herein specified:

          (a)  The term "Building" shall mean the land and other real property
in the parcel bounded by Clay, Davis, Sacramento and Drumm Streets, in San
Francisco, California, the building constructed thereon known as Three
Embarcadero Center, any property interest in the area of the streets, the
interest appurtenant to the parcel in all pedestrian bridges in the Embarcadero
Center project, and all other improvements on or appurtenances to the parcel or
the streets. The Building includes, but is not limited to, an Office Tower with
29 floors of off ice space, three levels of retail area and a parking garage.

          (b)  The term "premises" shall mean the portion of the Office Tower
located on the floor(s) specified in the Basic Lease Information which is
outlined in red on the floor plan(s) attached hereto as Exhibit A.

          (c)  The term "Base Year" shall mean the calendar year specified in
the Basic Lease Information as the Base Year, provided that as to any office
space that is added to the premises, the term "Base Year" shall mean the
calendar year in which the space is added to the premises.

          (d)  The term "Operating Expenses" shall mean all costs of management,
operation and maintenance of the Building that are allocable to the Office
Tower, including, without limitation: wages, salaries and payroll burden of
employees; property management fees; janitorial, maintenance, security and other
services; Building office rent or rental value; power, water, waste disposal and
other utilities; materials and supplies; maintenance and repairs; license costs;
insurance premiums and the deductible portion of any insured loss under Lessor's
insurance; and depreciation on personal property. Operating Expenses shall not
include: Property Taxes; depreciation on the Building other than depreciation on
exterior window draperies provided by Lessor and carpeting in public corridors
and common areas; cost of tenants' improvements; real estate brokers'
commissions; interest; and capital items or Capital Amortization
<PAGE>

Expenses. Actual Operating Expenses for both the Base Year and each subsequent
calendar year shall be adjusted to equal Lessors reasonable estimate of
Operating Expenses had the total rentable area of the Building been occupied.
Lessor and Lessee acknowledge that certain of the costs of management, operation
and maintenance of the Building are to be allocated entirely to the Office
Tower, certain of such costs are to be allocated entirely to the retail area or
parking garage, and certain of such costs are to be allocated among the Office
Tower, retail area and parking garage. The determination of such costs and their
allocation shall be in accordance with generally accepted accounting principles
applied on a consistent basis.

          (e)  The term "Base Operating Expenses" shall mean the Operating
Expenses paid or incurred by Lessor in the Base Year.

          (f)  The term "Property Taxes" shall mean 80% of all real property
taxes (and any taxes levied wholly or partly in lieu thereof) levied against the
Building. Lessor and Lessee acknowledge that the figure of 80% represents the
agreed ratio of the value of the Office Tower to the value of the Building.

          (g)  The term "Base Property Taxes" shall mean the amount of Property
Taxes attributed to the tax year ending June 30 of the Base Year.

          (h)  The term "Capital Amortization Expenses" shall mean the annual
amortization of the cost of any capital improvements made to the Building by
Lessor after the Base Year, or the portion of such cost that is properly
allocable to the Office Tower where the capital improvements benefit more than
the Office Tower, that reduce Operating Expenses, are required for the health
and safety of tenants, or are required under any governmental law or regulation
that was not applicable to the Building at the time it was constructed. The
amortization period shall be such reasonable period as Lessor shall determine,
and the amortization expense shall include interest on the unamortized balance
of the cost of such capital improvements at the rate of 10% per annum or such
higher rate as may have been paid by Lessor on funds borrowed for the purpose of
constructing or installing such capital improvements.

          (i)  The term "rentable area" shall mean the rentable area specified
in the Basic Lease Information. If any office space is added to or deleted from
the premises, the rentable area of the space added or deleted shall mean:

               (1)  as to an entire floor added to or deleted from the premises,
all areas within outside permanent Building walls, measured to the inside glass
surface of outer Building walls, including rest rooms, janitor, telephone and
electrical closets, allocated mechanical areas, and columns and projections
necessary to the Building, but excluding public stairs, elevator shafts and pipe
shafts, together with the enclosing walls thereof;

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<PAGE>

               (2)  as to the portion of a floor added to or deleted from the
premises, the aggregate of the usable area of the portion of the floor added to
or deleted from the premises, plus the result obtained by multiplying the area
of the common area on such floor times a fraction, whose numerator is the usable
area of added or deleted portion of the floor and whose denominator is the
usable area of all tenant space on the floor.

          (j)  The term "usable area" shall mean all floor area in a tenant
space, measured to the inside glass surface of outer Building walls, to the
office side of corridors and other permanent partitions, and to the center of
partitions that separate the tenant space from adjoining tenant spaces, without
deduction for columns and projections necessary to the Building.

          (k)  The term "common area" shall mean the total area on a floor
consisting of rest rooms, janitor, telephone and electrical closets, allocated
mechanical areas, and public corridors providing access to tenant space on such
floor, but excluding public stairs, elevator shafts and pipe shafts, together
with the enclosing walls thereof.

          (l)  The term "Lessee's percentage share" shall mean the percentage
obtained by dividing the rentable area of the premises, or any office space
added to the premises, by total rentable area of the Office Tower, and
multiplying such quotient by 100 percent. As to the initial premises leased
hereunder, "Lessee's percentage share" is the percentage figure specified in the
Basic Lease Information.

          (m)  The term "wattage allowance "shall mean the product obtained by
multiplying the rentable area of the premises by one kilowatt hour per square
foot.

     2.   The term of this Lease shall commence and, unless sooner terminated as
hereinafter provided, shall end on the dates respectively specified in the Basic
Lease Information. Unless otherwise agreed by Lessor and Lessee in this Lease,
Lessor shall deliver the premises to Lessee on the commencement of the term in
their then existing condition with no alterations being made by Lessor. If
Lessor has undertaken in this Lease to make any alterations to the premises
prior to commencement of the term and the alterations are completed prior to the
date set forth in the Basic Lease Information for commencement of the term, if
Lessee desires to take occupancy in advance of such date Lessor shall deliver
the premises to Lessee at such time in advance of such date as shall be mutually
approved by Lessor and Lessee and, notwithstanding anything to the contrary
contained herein, the term of the Lease shall commence upon such delivery. If
Lessor, for any reason whatsoever, cannot deliver the premises to Lessee at the
commencement of the term, this Lease shall not be void or voidable, nor shall
Lessor be liable to Lessee for any loss or damage resulting therefrom, but in
that event rental shall be waived for the period between the commencement of the
term and the time when Lessor delivers the premises to Lessee. No delay in
delivery of the premises shall operate to extend the term hereof.

                                       3
<PAGE>

     3.   (a)  Lessee shall pay to Lessor throughout the term of this Lease as
rental for the premises the sum specified in the Basic Lease Information as the
Base Rent, provided that the rental payable during each calendar year subsequent
to the Base Year shall be (1) the Base Rent, and (2) Lessee's percentage share
of the total dollar increase, if any, in Operating Expenses paid or incurred by
Lessor in such calendar year over the Base Operating Expenses, Lessee's
percentage share of the total dollar increase, if any, in Property Taxes
attributable to the tax year ending June 30 of such calendar year over the Base
Property Taxes, and Lessee's percentage share of the Capital Amortization
Expenses for such calendar year. If any office space is added to the premises,
Lessee's percentage share of increases in Operating Expenses and Property Taxes
and Lessee's percentage share of Capital Amortization Expenses shall be
calculated separately for the initial premises and each parcel of office space
that is added to the premises. The aggregate increased rental due pursuant to
clause 2 above is hereinafter referred to as "Escalation Rent."

          (b)  Rental shall be paid to Lessor, in advance, on or before the
first day of the term hereof and on or before the first day of each and every
successive calendar month thereafter during the term hereof. In the event the
term of this Lease commences on a day other than the first day of a calendar
month or ends on a day other than the last day of a calendar month, the monthly
rental for the first and last fractional months of the term thereof shall be
appropriately prorated.

          (c)  All sums of money due to Lessor hereunder not specifically
characterized as rental shall constitute additional rent, and if any such sum is
not paid when due it shall nonetheless be collectible as additional rent with
the next installment of rental thereafter failing due, but nothing contained
herein shall be deemed to suspend or delay the payment of any sum of money at
the time it becomes due and payable hereunder, or to limit any other remedy of
Lessor.

          (d)  Lessee hereby acknowledges that late payment by Lessee to Lessor
of rent and other sums due hereunder after the expiration of any applicable
grace period will cause Lessor to incur costs not contemplated by this Lease,
the exact amount of which will be difficult to ascertain. Such costs include,
but are not limited to, processing and accounting charges, and late charges
which may be imposed on Lessor by the terms of any trust deed covering the
premises. Accordingly, if any installment of rent or any other sums due from
Lessee shall not be received by Lessor when due or if a grace period is
applicable under section 18 (a) below, prior to the expiration of the grace
period, Lessee shall pay to Lessor a late charge equal to 6% of such overdue
amount. The parties hereby agree that such late charge represents a fair and
reasonable estimate of the costs Lessor will incur by reason of late payment by
Lessee. Acceptance of such late charge by Lessor shall in no event constitute a
waiver of Lessee's default with respect to such overdue amount, nor prevent
Lessor from exercising any of the other rights and remedies granted hereunder.

                                       4
<PAGE>

          (e)  Any amount due to Lessor, if not paid when due or if a grace
period is applicable under section 18 (a) below, prior to the expiration of the
grace period, shall bear interest from the date due until paid at the rate of
10% per annum or, if a higher rate is legally permissible, at the highest rate
legally permitted, provided that interest shall not be payable on late charges
incurred by Lessee nor on any amounts upon which late charges are paid by Lessee
to the extent such interest would cause the total interest to be in excess of
that legally permitted. Payment of interest shall not excuse or cure any default
hereunder by Lessee.

          (f)  All payments due from Lessee to Lessor shall be paid to Lessor,
without deduction or offset, in lawful money of the United States of America at
Lessor's address for notices hereunder, or to such other person or at such other
place as Lessor may from time to time designate by notice to Lessee.

     4.   Escalation Rent shall be paid monthly on an estimated basis, with
subsequent annual reconciliation, in accordance with the following procedures:

          (a)  During December of the Base Year and December of each subsequent
calendar year, or as soon thereafter as practicable, Lessor shall give Lessee
notice of its estimate of any Escalation Rent due under paragraph (a) of section
3 above for the ensuing calendar year. On or before the first day of each month
during the ensuing calendar year, Lessee shall pay to Lessor 1/12th of such
estimated Escalation Rent, provided that if such notice is not given in December
Lessee shall continue to pay on the basis of the prior year's estimate until the
month after such notice is given.

          (b)  Within 90 days after the close of each calendar year or as soon
after such 90-day period as practicable, Lessor shall deliver to Lessee a
statement of the actual Escalation Rent for such calendar year. The statement
shall be final and binding. If the statement discloses that Lessee owes an
amount that is less than the estimated payments for such calendar year
previously made by Lessee, Lessor shall credit such excess first against any
sums then owed by Lessee to Lessor and then against the next payments of rental
due hereunder. If the statement discloses that Lessee owes an amount that is
more than the estimated payments for such calendar year previously made by
Lessee, Lessee shall pay the deficiency to Lessor within 30 days after delivery
of the statement.

          (c)  The amount of Escalation Rent for any fractional year in the term
hereof shall be appropriately prorated. The termination of this Lease shall not
affect the obligations of Lessor and Lessee pursuant to paragraph (b) above to
be performed after such termination.

     5.   The premises shall be used for general office purposes and no other.
Lessee shall not do or permit to be done in or about the premises, nor bring to
keep or permit to be brought or kept therein, anything which is prohibited by or
will in any way conflict with any law, statute, ordinance or governmental rule
or regulation now in force or which

                                       5
<PAGE>

may hereafter be enacted or promulgated, or which is prohibited by the standard
form of fire insurance policy, or will in any way increase the existing rate of
or affect any fire or other insurance upon the Building or any of its contents,
or cause a cancellation of any insurance policy covering the Building or any
part thereof or any of its contents. Lessee shall not use or store in the
premises any hazardous or toxic substances. Lessee shall not do or permit
anything to be done in or about the premises which will in any way obstruct or
interfere with the rights of other tenants of the Building, or injure or annoy
them, or use or allow the premises to be used for any improper, immoral,
unlawful or objectionable purposes, nor shall Lessee cause, maintain or permit
any nuisance or waste in, on or about the premises.

     6.   (a)  Lessor shall maintain the public and common areas of the
Building, including lobbies, stairs, elevators, corridors and restrooms, all
exterior landscaping, the windows in the Office Tower, the mechanical, plumbing
and electrical equipment serving the Office Tower, the telephone cable
distribution system serving the Office Tower to the telephone terminal on each
floor and the structure itself in reasonably good order and condition except for
damage occasioned by the act of Lessee, which damage shall be repaired by Lessor
at Lessee's expense.

          (b)  Lessor shall cause to be furnished (1) electricity for lighting
and the operation of office machines, (2) telephone cable distribution system
access, (3) heat and air conditioning to the extent reasonably required for the
comfortable occupancy by Lessee in its use of the premises during the period
from 7 a.m. to 6 p.m. on weekdays and from 7 a.m. to noon on Saturdays (except
holidays), or such shorter period as may be prescribed by any applicable
policies or regulations adopted by any utility or governmental agency, (4)
elevator service, (5) lighting replacement (for building standard lights), (6)
restroom supplies, (7) window washing with reasonable frequency, (8) daily
janitor service during the times and in the manner that such services are
customarily furnished in comparable office buildings in the area, and (9)
building lobby reception services. Lessor may establish reasonable measures to
conserve energy, including but not limited to, automatic switching of lights
after hours and more efficient forms of lighting, so long as such measures do
not unreasonably interfere with Lessee's use of the premises. Lessor shall not
be in default hereunder or be liable for any damages directly or indirectly
resulting from, nor shall the rental herein reserved be abated by reason of (i)
the installation, use or interruption of use of any equipment in connection with
the furnishing of any of the foregoing services, (ii) failure to furnish or
delay in furnishing any such services when such failure or delay is caused by
accident or any condition beyond the reasonable control of Lessor or by the
making of necessary repairs or improvements to the premises or to the Building,
or (iii) the limitation, curtailment, rationing or restrictions on use of water,
electricity, gas or any other form of energy serving the premises or the
Building. Lessor shall use reasonable efforts diligently to remedy any
interruption in the furnishing of such services.

                                       6
<PAGE>

          (c)  Lessor may provide security services for the Building or, jointly
with the owners of other buildings in the Embarcadero Center project, provide
security services for the Embarcadero Center project, but neither Lessor nor the
owners of such other buildings shall be obligated to provide security services
or be deemed to have warranted the effectiveness of any services that are
provided or the personnel, procedures or equipment used in connection therewith,
and neither Lessor nor the owners of such other buildings shall be liable in any
manner for the failure of any security services to prevent personal injury or
death or property damage or loss, or to apprehend any person suspected of such
injury, death, damage or loss.

          (d)  If heat-generating equipment or lighting other than building
standard lights are installed or used in the premises and such equipment or
lighting affects the temperature otherwise maintained by the air conditioning
system, or if equipment is installed in the premises which requires a separate
temperature-controlled room, on Lessee's request, or at Lessor's election after
notice to Lessee, Lessor shall install supplementary air conditioning facilities
in the premises or otherwise modify the ventilating and air conditioning system
serving the premises, and the capital and maintenance costs of such facilities
and modifications shall be borne by Lessee.

          (e)  Lessee shall reimburse Lessor, upon billing thereof, for the cost
of (1) all heat or air conditioning provided to the premises during hours
requested by Lessee when such services are not otherwise furnished by Lessor,
(2) all power and cooling energy provided for supplementary air conditioning
facilities in or serving the premises and for the equipment giving rise to the
need for such facilities, and (3) if the average monthly power usage of all
lighting and office equipment in the premises, excluding equipment the power
usage of which is charged to Lessee under item (2) above, exceeds the wattage
allowance, all power usage in excess of the wattage allowance. Lessee shall pay
the cost of any transformers, additional risers, panel boards and other
facilities if and to the extent required to furnish power for supplementary air
conditioning facilities in or serving the premises or power for lighting and
office equipment in the premises with a power usage in excess of the wattage
allowance. Lessee shall also pay the cost of increasing the capacity of the
telephone cable distribution system to the extent required for Lessee's
purposes.

          (f)  In the event that Lessor, at Lessee's request, provides services
to Lessee that are not otherwise provided for in this Lease, Lessee shall pay
Lessor's reasonable charges for such services upon billing thereof.

     7.   In addition to the monthly rental and other charges to be paid by
Lessee hereunder, Lessee shall pay or reimburse Lessor for any and all of the
following items (hereinafter collectively referred to as "Impositions"), whether
or not now customary or in the contemplation of the parties hereto: taxes (other
than local, state and federal personal or corporate income taxes measured by the
net income of Lessor from all sources), assessments (including, without
limitation, all assessments for public

                                       7
<PAGE>

improvements, services or benefits, irrespective of when commenced or
completed), excises, levies, business taxes, license, permit, inspection and
other authorization fees, transit development fees, assessments or charges for
housing funds, service payments in lieu of taxes and any other fees or charges
of any kind, which are levied, assessed, confirmed or imposed by any public
authority, but only to the extent the Impositions are (a) upon, measured by or
reasonably attributable to the cost or value of Lessee's equipment, furniture,
fixtures and other personal property located in the premises, or the cost or
value of any lease hold improvements made in or to the premises by or for
Lessee, regardless of whether title to such improvements shall be in Lessee or
Lessor; (b) upon or measured by the monthly rental or other charges payable
hereunder, including, without limitation, any gross receipts tax levied by the
City and County of San Francisco, the State of California, the Federal
Government or any other governmental body with respect to the receipt of such
rental; (c) upon, with respect to or by reason of the development, possession,
leasing, operation, management, maintenance, alteration, repair, use or
occupancy by Lessee of the premises or any portion thereof; or (d) upon this
transaction or any document to which Lessee is a party creating or transferring
an interest or an estate in the premises. In the event that it shall not be
lawful for Lessee to reimburse Lessor for the Impositions but it is lawful to
increase the monthly rental to take into account Lessor's payment of the
Impositions, the monthly rental payable to Lessor shall be revised to net Lessor
the same net return without reimbursement of the Impositions as would have been
received by Lessor with reimbursement of the Impositions.

     8.   (a)  Lessee shall not make or suffer to be made any alterations,
additions or improvements to the premises or any part thereof (hereinafter
collectively referred to as "Alterations"), without Lessor's prior consent,
which consent shall not be unreasonably withheld. All Alterations shall be made
by Lessor for Lessee's account in accordance with the procedures set forth in
this section. All Alterations shall immediately become Lessor's property and, at
the end of the term hereof, shall remain on the premises without compensation to
Lessee unless Lessor elects by notice to Lessee to have Lessee remove any
Alterations that are peculiar to Lessee's use of the premises and are not
standardly required or used by other tenants, in which event Lessee shall be
responsible for the cost of restoring the premises to their condition prior to
the installment of such non-standard Alterations.

          (b)  Plans and specifications for the Alterations shall be prepared at
Lessee's expense by either its architect or Lessor's architect if Lessee so
elects, and by engineers approved by Lessor where mechanical or electrical
engineering services are required by the nature of the Alterations. Lessee shall
cause any architect retained by it to follow the standard construction
administration procedures and to utilize the standard specifications and details
promulgated by Lessor for the Building. The plans and specifications shall be
subject to approval by Lessor and Lessee, which approval shall not be
unreasonably withheld by either party, and following such approval Lessor shall
obtain quotations of the cost of the Alterations as reflected by the approved
plans and

                                       8
<PAGE>

specifications from one or more general contractors approved by Lessor for
construction in the Building. Lessor shall submit the quotations to Lessee,
shall accept the quotation approved by Lessee, and shall proceed to enter into a
contract for the construction or installation of the Alterations with the
contractor whose quotation was approved by Lessee. Lessor itself does not
warrant the cost of the Alterations, the timeliness of performance or the
quality of the contractor's work, but Lessor shall use reasonable efforts to
secure performance of the construction contract for Lessee's benefit.

          (c)  In the event Lessor or the contractor is instructed by Lessee to
proceed with any changes to the Alterations without a prior determination of any
increased costs resulting from such changes and without approval of such
increases by Lessee, or in the event Lessee is responsible for increased costs
attributable to a delay or acceleration in the time for construction, the amount
of any increased costs shall be as reasonably determined by Lessor upon
completion of the Alterations, subject only to Lessors reasonable efforts in
causing the contractor to furnish Lessee appropriate back-up information
concerning increased costs, if any.

          (d)  The cost of the Alterations to be paid by Lessee shall include a
reasonable charge for the administration by Lessor or its agent of the
construction or installation of the Alterations.

          (e)  Lessee shall pay to Lessor all amounts payable by Lessee pursuant
to this section within 10 days after billing by Lessor. Bills may be rendered in
advance of or during the progress of the Alterations so as to enable Lessor to
pay the contractor, architect or engineer without advancing Lessor's own funds.
At Lessor's election, Lessee shall deposit with Lessor prior to the commencement
of the Alterations the estimated cost thereof or such lesser portion as Lessor
shall specify, to be held and applied to the cost as incurred. Any surplus funds
shall be returned to Lessee when the Alterations have been paid for in full.

          (f)  Lessor may delegate some or all of its authority and
responsibilities under this section 8 to its managing agent.

     9.   Lessee shall keep the premises and the Building free from any liens
arising out of any work performed, materials furnished or obligations incurred
by Lessee. Lessor shall have the right to post and keep posted on the premises
any notices that may be provided by law or which Lessor may deem to be proper
for the protection of Lessor, the premises and the Building from such liens.

     10.  By entry hereunder Lessee accepts the premises as being in the
condition in which Lessor is obligated to deliver the premises. Lessee shall, at
all times during the term hereof and at Lessee's sole cost and expense, keep the
premises in good condition and repair, ordinary wear and tear, damage thereto by
fire, earthquake, act of God or the elements excepted. Lessee hereby waives all
rights to make repairs at the expense of

                                       9
<PAGE>

Lessor or in lieu thereof to vacate the premises. Lessee shall at the end of the
term hereof surrender to Lessor the premises and all Alterations thereto that
are to remain in the premises in the same condition as when received, ordinary
wear and tear and damage by fire, earthquake, act of God or the elements
excepted. Lessor has no obligation and has made no promise to alter, remodel,
improve, repair, decorate or paint the premises or any part thereof, except as
specifically herein set forth. No representations respecting the condition of
the premises or the Building have been made by Lessor to Lessee, except as
specifically herein set forth.

     11.  (a)  In the event the premises or the portion of the Building
necessary for Lessee's occupancy are damaged by fire, earthquake, act of God,
the elements or other casualty, within 30 days after such event Lessor shall
notify Lessee of the estimated time, in Lessor's reasonable judgment, required
for repair or restoration. If the estimated time is not more than 90 days after
the commencement of work, Lessor shall forthwith repair or restore the premises
or the portion of the Building necessary for Lessee's occupancy. This Lease
shall remain in full force and effect except that, if such damage is not the
result of the negligence or willful act of Lessee or Lessee's employees or
invitees, an abatement of rental shall be allowed Lessee for such part of the
premises as shall be rendered unusable by Lessee in the conduct of its business
during the time such part is so unusable.

          (b)  If the time for repair or restoration is in excess of 90 days,
Lessor may elect, in the same notice to Lessee, to repair or restore the
premises or the portion of the Building necessary for Lessee's occupancy, in
which event this Lease shall continue in full force and effect, but the rent
shall be abated as hereinabove in this section provided. If Lessor does not so
elect to repair or restore, this Lease shall terminate as of the date of such
fire or other casualty.

          (c)  If the premises or the Building are to be repaired or restored
under this section, Lessor shall repair or restore at its cost the Building
itself and all improvements in the premises other than Alterations made by or
for Lessee. Lessee shall pay the cost of repairing or restoring any Alterations
made by or for Lessee and shall be responsible for carrying such casualty
insurance as it deems appropriate with respect to such Alterations.

          (d)  Lessor and Lessee acknowledge that their respective rights and
obligations in the event of any damage to or destruction of the premises or the
Building are to be governed exclusively by this Lease.

     12.  Lessor and Lessee shall each obtain from their respective insurers
under all policies of fire, theft, public liability, workers' compensation and
other insurance maintained by either of them at anytime during the term hereof
insuring or covering the Building or any portion thereof or operations therein,
a waiver of all rights of subrogation which the insurer of one party might have
against the other party, and Lessor and Lessee

                                      10
<PAGE>

shall each indemnify the other against any loss or expense, including reasonable
attorneys' fees, resulting from the failure to obtain such waiver.

     13.  Lessee hereby waives all claims against Lessor for damage to any
property or injury or death of any person in, upon or about the premises arising
at any time and from any cause other than by reason of negligence or willful act
of Lessor, its employees or contractors, and Lessee shall hold Lessor harmless
from and defend Lessor against any and all claims, liability, damage or loss
arising out of any injury to or death of any person or damage to or destruction
of property attributable to or resulting from the use of the premises by Lessee,
except such as is caused by negligence or willful act of Lessor, its agents or
employees. Lessee shall also hold Lessor harmless from any liability, cost or
expense resulting from damage to the telephone cable distribution system caused
by Lessee, its employees or contractors, or arising from Lessee's use or storage
in the premises of any hazardous or toxic substance. The foregoing indemnity
obligations of Lessee shall include reasonable attorneys' fees investigation
costs and all other reasonable costs and expenses incurred by Lessor from the
first notice that any claim or demand is to be made or may be made. The
provisions of this section shall survive the termination of this Lease with
respect to any event occurring prior to such termination.

     14.  Lessee, at its sole cost and expense, shall promptly comply with all
laws, statutes, ordinances and governmental rules, regulations or requirements
now in force or which may hereafter be in force, with the requirements of any
board of fire underwriters or other similar body now or hereafter constituted,
with any directive or occupancy certificate issued pursuant to any law by any
public officer or officers, as well as the provisions of all recorded documents
affecting the premises, insofar as any thereof relate to or affect the
condition, use or occupancy of the premises, excluding structural changes not
necessitated by Lessee's acts or by improvements made by or for Lessee.

     15.  (a)  Lessee shall not, without the prior consent of Lessor, which
consent shall not be unreasonably withheld by Lessor, assign or hypothecate
this Lease or any interest herein, sublet the premises or any part thereof, or
permit the use of the premises by any party other than Lessee. This Lease shall
not, nor shall any interest herein, be assignable as to the interest of Lessee
by operation of law without the consent of Lessor, which consent shall not be
unreasonably withheld. Any of the foregoing acts without such consent shall be
void and shall, at the option of Lessor, terminate this Lease. In connection
with each consent requested by Lessee, Lessee shall submit to Lessor the terms
of the proposed transaction, the identity of the parties to the transaction, the
proposed documentation for the transaction and all other information reasonably
requested by Lessor concerning the proposed transaction and the parties involved
therein.

          (b)  Without limiting the other instances in which it may be
reasonable for Lessor to withhold its consent to an assignment or subletting,
Lessor and Lessee acknowledge that it shall be reasonable for Lessor to withhold
its consent in the following instances:

                                       11
<PAGE>

               (1)  if at the time consent is requested or at anytime prior to
the granting of consent, Lessee is in default under this Lease or would be in
default under this Lease but for the pendency of any grace or cure period under
section 18 below;

               (2)  if the proposed assignee or sublessee is a governmental
agency;

               (3)  if the proposed assignee or sublessee is an existing tenant
in the Embarcadero Center project;

               (4)  if, in Lessor's reasonable judgment, the use of the premises
by the proposed assignee or sublessee would not be comparable to the types of
office use by other tenants in the Embarcadero Center project, would entail any
alterations which would lessen the value of the leasehold improvements in the
premises, would result in more than a reasonable number of occupants per floor,
or would require increased services by Lessor;

               (5)  if, in Lessor's reasonable judgment, the financial worth of
the proposed assignee or sublessee does not meet the credit standards applied by
Lessor for other tenants under leases with comparable terms, or the character,
reputation, or business of the proposed assignee or sublessee is not consistent
with the quality of the other tenancies in the Building; or

               (6)  if the subletting is of less than the entire premises.

          (c)  If at any time or from time to time during the term of this Lease
Lessee desires to sublet all or any part of the premises, Lessee shall give
notice to Lessor setting forth the terms of the proposed subletting and the
space so proposed to be sublet. Lessor shall have the option, exercisable by
notice given to Lessee within 20 days after Lessee's notice is given, to sublet
from Lessee such space at the rental and other terms set forth in Lessee's
notice, or, if the proposed subletting is for the entire premises for a sublet
term ending within the last year of the term of this Lease, to terminate this
Lease. If Lessor does not exercise such option, Lessee shall be free to sublet
such space to any third party, on the same terms set forth in the notice given
to Lessor, subject to obtaining Lessor's prior consent as hereinabove provided.

          (d)  Notwithstanding the provisions of paragraphs (a) and (b) above,
Lessee may assign this Lease or sublet the premises or any portion thereof, with
notice to Lessor but without the necessity of Lessor's consent and without
extending any option to Lessor pursuant to paragraph (c) above, to any
corporation which controls, is controlled by or is under common control with
Lessee, to any corporation resulting from the merger or consolidation with
Lessee, or to any person or entity which acquires all the assets of Lessee as a
going concern of the business that is being conducted in the premises.

                                       12
<PAGE>

          (e)  No sublessee (other than Lessor if it exercises its option
pursuant to paragraph (c) above) shall have a right further to sublet without
Lessors prior consent, which Lessee acknowledges may be withheld in Lessors
absolute discretion, and any assignment by a sublessee of its sublease shall be
subject to Lessor's prior consent in the same manner as if Lessee were entering
into a new sublease. No sublease, once consented to by Lessor, shall be modified
or terminated by Lessee without Lessors prior consent, which consent shall not
be unreasonably withheld.

          (f)  In the case of an assignment, one-half of any sums or other
economic consideration received by Lessee as a result of such assignment shall
be paid to Lessor after first deducting (1) the unamortized cost of leasehold
improvements made to the premises at Lessee's cost, using as an amortization
period the term of this Lease, and (2) the cost of any real estate commissions
incurred by Lessee in connection with such assignment. In the event such sums or
other economic consideration are received in installments, the amount of the
deduction against each installment shall be in the same proportion to the total
deduction as the amount of the installment bears to the total sums or other
economic consideration.

          (g)  In the case of a subletting, one-half of any sums or economic
consideration received by Lessee as a result of such subletting shall be paid to
Lessor after first deducting (1) the rental due hereunder, prorated to reflect
only rental allocable to the sublet portion of the premises, (2) the cost of
leasehold improvements made to the sublet portion of the premises at Lessee's
cost, amortized over the term of this Lease except for leasehold improvements
made for the specific benefit of the sublessee, which shall be amortized over
the term of the sublease, and (3) the cost of any real estate commissions
incurred by Lessee in connection with such subletting, amortized over the term
of the sublease.

          (h)  Regardless of Lessors consent, no subletting or assignment shall
release Lessee of Lessee's obligation or alter the primary liability of Lessee
to pay the rental and to perform all other obligations to be performed by Lessee
hereunder. The acceptance of rental by Lessor from any other person shall not be
deemed to be a waiver by Lessor of any provision hereof. Consent to one
assignment or subletting shall not be deemed consent to any subsequent
assignment or subletting, nor shall any consent constitute a modification of any
of the terms of this Lease. In the event of default by any assignee of Lessee or
any successor of Lessee in the performance of any of the terms hereof, Lessor
may proceed directly against Lessee without the necessity of exhausting remedies
against such assignee or successor. Lessor may consent to subsequent assignments
or subletting of this Lease or amendments or modifications to this Lease with
assignees of Lessee, without notifying Lessee, or any successor of Lessee, and
without obtaining its or their consent thereto, and such action shall not
relieve Lessee of liability under this Lease.

          (i)  In the event Lessee shall assign this Lease or sublet the
premises or

                                       13
<PAGE>

request the consent of Lessor to any assignment, subletting, hypothecation or
other action requiring Lessor's consent hereunder, then Lessee shall pay
Lessor's reasonable attorneys' fees incurred in connection therewith.

     16.  Lessee shall faithfully observe and comply with the rules and
regulations annexed to this Lease, and after notice thereof, all reasonable
modifications thereof and additions thereto from time to time promulgated in
writing by Lessor. Lessor shall not be responsible to Lessee for the
nonperformance by any other tenant or occupant of the Building of any of such
rules and regulations.

     17.  Lessor may enter the premises at reasonable hours to (a) inspect the
same; (b) exhibit the same to prospective purchasers, lenders or tenants; (c)
determine whether Lessee is complying with all of its obligations hereunder; (d)
supply janitor service and any other service to be provided by Lessor to Lessee
hereunder; (e) post notices of nonresponsibility; and (f) make repairs or
perform maintenance required of Lessor under the terms hereof, make repairs to
any adjoining space or utility services, or make repairs, alterations or
improvements to any other portion of the Building; provided, however, that all
such work shall be done as promptly as reasonably possible and so as to cause as
little interference to Lessee as reasonably possible. Lessee hereby waives any
claim for damages for any inconvenience to or interference with Lessee's
business or any loss of occupancy or quiet enjoyment of the premises occasioned
by such entry. Lessor shall at all times have and retain a key with which to
unlock all of the doors in, on or about the premises (excluding Lessee's vaults,
safes and similar areas designated in writing by Lessee in advance); and Lessor
shall have the right to use any and all means which Lessor may deem proper to
open Lessee's doors in an emergency in order to obtain entry to the premises,
and any entry to the premises obtained by Lessor in an emergency shall not be
construed or deemed to be a forcible or unlawful entry into or a detainer of the
premises or an eviction, actual or constructive, of Lessee from the premises or
any portion thereof.

     18.  The following events shall constitute Events of Default under this
Lease:

          (a)  a default by Lessee in the payment when due of any rent or other
sum payable hereunder and the continuation of such default for a period of 5
days after the same is due, provided that if Lessee has failed three or more
times during the term hereof to pay any rent or other sum within 5 days after
the due date, no grace period shall thereafter be applicable hereunder;

          (b)  a default by Lessee in the performance of any of the other terms,
covenants, agreements or conditions contained herein, and, if the default is
curable, the continuation of such default for a period of 30 days after notice
by Lessor or beyond the time reasonably necessary for cure if the default is of
a nature to require more than 30 days to remedy, provided that if Lessee has
defaulted in the performance of the same

                                       14
<PAGE>

obligation three or more times during the term hereof and notice of such default
has been given by Lessor in each instance, no cure period shall thereafter be
applicable hereunder;

          (c)  the bankruptcy or insolvency of Lessee, transfer by Lessee in
fraud of creditors, an assignment by Lessee for the benefit of creditors, or the
commencement of any proceedings of any kind by or against Lessee under any
provision of the Federal Bankruptcy Act or under any other insolvency,
bankruptcy or reorganization act unless, in the event any such proceedings are
involuntary, Lessee is discharged from the same within 60 days thereafter;

          (d)  the appointment of a receiver for a substantial part of the
assets of Lessee;

          (e)  the abandonment of the premises; and

          (f)  the levy upon this Lease or any estate of Lessee hereunder by any
attachment or execution and the failure to have such attachment or execution
vacated within 30 days thereafter.

     19.  Upon the occurrence of any Event of Default by Lessee hereunder,
Lessor may, at its option and without any further notice or demand, in addition
to any other rights and remedies given hereunder or by law, terminate this Lease
and exercise its remedies relating thereto in accordance with the following
provisions:

          (a)  Lessor shall have the right, so long as the Event of Default
remains uncured, to give notice of termination to Lessee, and on the date
specified in such notice this Lease shall terminate.

          (b)  In the event of any such termination of this Lease, Lessor may
then or at any time thereafter by judicial process, re-enter the premises and
remove therefrom all persons and property and again repossess and enjoy the
premises, without prejudice to any other remedies that Lessor may have by reason
of Lessee's default or of such termination.

          (c)  In the event of any such termination of this Lease, and in
addition to any other rights and remedies Lessor may have, Lessor shall have all
of the rights and remedies of a landlord provided by Section 1951.2 of the
California Civil Code. The amount of damages which Lessor may recover in event
of such termination shall include, without limitation, (1) the worth at the time
of award (computed by discounting such amount at the discount rate of the
Federal Reserve Bank of San Francisco at the time of the award plus one percent)
of the amount by which the unpaid rent for the balance of the term after the
time of the award exceeds the amount of rental loss that Lessee proves could be
reasonably avoided, (2) all legal expenses and other related costs incurred by
Lessor following Lessee's default, (3) all costs incurred by Lessor in restoring
the

                                       15
<PAGE>

premises to good order and condition, or in remodeling, renovating or otherwise
preparing the premises for retailing, and (4) all costs (including, without
limitation, any brokerage commissions) incurred by Lessor in reletting the
premises.

     20.  Even though Lessee has breached this Lease and abandoned the premises,
this Lease shall continue in effect for so long as Lessor does not terminate
Lessee's right to possession, and Lessor may enforce all its rights and remedies
under this Lease, including the right to recover the rental as it becomes due
under this Lease. Acts of maintenance or preservation or efforts to relet the
premises or the appointment of a receiver upon initiative of Lessor to protect
Lessor's interest under this Lease shall not constitute a termination of
Lessee's right to possession.

     21.  The remedies provided for in this Lease are in addition to any other
remedies available to Lessor at law or in equity by statute or otherwise.

     22.  All agreements and provisions to be performed by Lessee under any of
the terms of this Lease shall be at its sole cost and expense and without any
abatement of rental. If Lessee shall fail to pay any sum of money, other than
rental, required to be paid by it hereunder or shall fail to perform any other
act on its part to be performed hereunder and such failure shall continue for 30
days after notice thereof by Lessor, or such longer period as may be allowed
hereunder, Lessor may, but shall not be obligated so to do, and without waiving
or releasing Lessee from any obligations of Lessee, make any such payment or
perform any such other act on Lessee's part to be made or performed as in this
Lease provided. All sums so paid by Lessor and all necessary incidental costs
shall be payable to Lessor on demand.

     23.  If as a result of any breach or default in the performance of any of
the provisions of this Lease, Lessor uses the services of an attorney in order
to secure compliance with such provisions or recover damages therefor, or to
terminate this Lease or evict Lessee, Lessee shall reimburse Lessor upon demand
for any and all reasonable attorneys' fees and expenses so incurred by Lessor,
provided that if Lessee shall be the prevailing party in any legal action
brought by Lessor against Lessee, Lessee shall be entitled to recover reasonable
attorneys' fees and expenses incurred by Lessee.

     24.  If all or any part of the premises shall be taken as a result of the
exercise of the power of eminent domain, this Lease shall terminate as to the
part so taken as of the date of taking, and, in the case of a partial taking,
either Lessor or Lessee shall have the right to terminate this Lease as to the
balance of the premises by notice to the other within 30 days after such date,
provided, however, that a condition to the exercise by Lessee of such right to
terminate shall be that the portion of the premises taken shall be of such
extent and nature as substantially to handicap, impede or impair Lessee's use of
the balance of the premises. In the event of any taking, Lessor shall be
entitled to any and all compensation, damages, income, rent, awards, or any
interest therein whatsoever which may be paid or made in connection therewith,
and Lessee shall have no claim against

                                       16
<PAGE>

Lessor for the value of any unexpired term of this Lease or otherwise. In the
event of a partial taking of the premises which does not result in a termination
of this Lease, the monthly rental thereafter to be paid shall be equitably
reduced.

     25.  (a)  This Lease shall be subject and subordinated at all times to that
certain deed dated October 2, 1973, from the Redevelopment Agency of the City
and County of San Francisco recorded October 4, 1973, in the Office of the
Recorder of said City and County in Book B814 of Official Records at page 647.
Lessee covenants and agrees that Lessee shall not discriminate against or
segregate any person or group of persons on account of race, sex, creed, color,
national origin, or ancestry in the occupancy, use, sublease, tenure or
enjoyment of the premises.

          (b)  This Lease shall be subordinate to any ground lease, mortgage,
deed of trust, or any other hypothecation for security now or hereafter placed
upon the Building and to any and all advances made on the security thereof or
Lessor's interest therein, and to all renewals, modifications, consolidations,
replacements and extensions thereof. Notwithstanding the foregoing, if any
mortgagee, trustee or ground lessor shall elect to have this Lease prior to the
lien of its mortgage or deed of trust or prior to its ground lease, and shall
give notice thereof to Lessee, this Lease shall be deemed prior to the mortgage,
deed of trust, or ground lease, whether this Lease is dated prior or subsequent
to the date of the mortgage, deed of trust or ground lease or the date of
recording thereof. In the event any mortgage or deed of trust to which this
Lease is subordinate is foreclosed or a deed in lieu of foreclosure is given to
the mortgagee or beneficiary, Lessee shall attorn to the purchaser at the
foreclosure sale or to the grantee under the deed in lieu of foreclosure; in the
event any ground lease to which this Lease is subordinate is terminated, Lessee
shall attorn to the ground lessor. Lessee agrees to execute any documents
required to effectuate such subordination, to make this Lease prior to the lien
of any mortgage or deed of trust or ground lease, or to evidence such
attornment.

          (c)  In the event any mortgage or deed of trust to which this Lease is
subordinate is foreclosed or a deed in lieu of foreclosure is given to the
mortgagee or beneficiary, or in the event any ground lease to which this Lease
is subordinate is terminated, this Lease shall not be barred, terminated, cut
off or foreclosed nor shall the rights and possession of Lessee hereunder be
disturbed if Lessee shall not then be in default in the payment of rental and
other sums due hereunder or otherwise be in default under the terms of this
Lease, and if Lessee shall attorn to the purchaser, grantee, or ground lessor as
provided in paragraph (b) above or, if requested, enter into a new lease for the
balance of the term hereof upon the same terms and provisions as are contained
in this Lease. Lessee's covenant under paragraph (b) above to subordinate this
Lease to any ground lease, mortgage, deed of trust or other hypothecation
hereafter executed is conditioned upon each such senior instrument containing
commitments specified in this paragraph (c).

                                       17
<PAGE>

     26.  The surrender of this Lease by Lessee, or a mutual cancellation
thereof, shall not work a merger, and shall, at the option of Lessor, terminate
all or any existing subleases or subtenancies, or operate as an assignment to it
of any or all such subleases or subtenancies.

     27.  In the event the original Lessor hereunder, or any successor owner of
the Building, shall sell or convey the Building, all liabilities and obligations
on the part of the original Lessor, or such successor owner, under this Lease
accruing thereafter shall terminate, and thereupon all such liabilities and
obligations shall be binding upon the new owner. Lessee agrees to attorn to such
new owner.

     28.  At anytime and from time to time but on not less than 10 days' prior
notice by Lessor, Lessee shall execute, acknowledge, and deliver to Lessor,
promptly upon request, a certificate certifying (a) that this Lease is
unmodified and in full force and effect (or, if there have been modifications,
that this Lease is in full force and effect, as modified, and stating the date
and nature of each modification), (b) the amount of the Base Rent and most
recent Escalation Rent, if any, and the date to which such rental has been paid,
(c) that no notice has been received by Lessee of any default which has not been
cured, except as to defaults specified in the certificate, (d) that no default
of Lessor is claimed by Lessee, except as to defaults specified in the
certificate, and (e) such other matters as may be reasonably requested by
Lessor. Any such certificate may be relied upon by any prospective purchaser,
mortgagee or beneficiary under any deed of trust on the Building or any part
thereof.

     29.  Any diminution or shutting off of light, air or view by any structure
which may be erected on lands adjacent to the Building shall in no way affect
this Lease or impose any liability on Lessor.

     30.  (a)  If, without objection by Lessor, Lessee holds possession of the
premises after expiration of the term of this Lease, Lessee shall become a
tenant from month to month upon the terms herein specified but at a monthly
rental equivalent to 150% of the then prevailing monthly rental paid by Lessee
at the expiration of the term of this Lease, payable in advance on or before the
first day of each month. Each party shall give the other notice at least one
month prior to the date of termination of such monthly tenancy of its intention
to terminate such tenancy.

          (b)  If, over Lessor's objection, Lessee holds possession of the
premises after expiration of the term of this Lease or expiration of its
holdover tenancy, without limiting the liability of Lessee for its unauthorized
occupancy of the premises, Lessee shall indemnify Lessor and any replacement
tenant for the premises for any damages or loss suffered by either Lessor or the
replacement tenant resulting from Lessee's failure timely to vacate the
premises.

                                       18
<PAGE>

     31.  Lessee has deposited with Lessor the sum specified in the Basic Lease
Information (the "deposit"). The deposit shall be held by Lessor as security for
the faithful performance by Lessee of all the provisions of this Lease to be
performed or observed by Lessee. If Lessee fails to pay rent or other sums due
hereunder, or otherwise defaults with respect to any provision of this Lease,
Lessor may use, apply or retain all or any portion of the deposit for the
payment of any rent or other sum in default or for the payment of any other sum
to which Lessor may become obligated by reason of Lessee's default, or to
compensate Lessor for any loss or damage which Lessor may suffer thereby. If
Lessor so uses or applies all or any portion of the deposit, Lessee shall within
10 days after demand therefor deposit cash with Lessor in an amount sufficient
to restore the deposit to the full amount thereof and Lessee's failure to do so
shall be a material breach of this Lease. Lessor shall not be required to keep
the deposit separate from its general accounts. If Lessee performs all of
Lessee's obligations hereunder, the deposit, or so much thereof as has not
theretofore been applied by Lessor, shall be returned, without interest, to
Lessee (or, at Lessor's option, to the last assignee, if any, of Lessee's
interest hereunder) at the expiration of the term hereof, and after Lessee has
vacated the premises. No trust relationship is created herein between Lessor and
Lessee with respect to the deposit.

     32.  The waiver by Lessor of any agreement, condition or provision herein
contained shall not be deemed to be a waiver of any subsequent breach of the
same or any other agreement, condition or provision herein contained, nor shall
any custom or practice which may grow up between the parties in the
administration of the terms hereof be construed to waive or to lessen the right
of Lessor to insist upon the performance by Lessee in strict accordance with
such terms. The subsequent acceptance of rental hereunder by Lessor shall not be
deemed to be a waiver of any preceding breach by Lessee of any agreement,
condition or provision of this Lease, other than the failure of Lessee to pay
the particular rental so accepted, regardless of Lessor's knowledge of the
preceding breach at the time of acceptance of the rental.

     33.  Each notice, consent, demand or other communication from one party to
the other that is given pursuant to the terms of this Lease (collectively
referred to in this section as a "notice") shall be in writing and shall be (a)
personally delivered, (b) sent by United States mail, registered or certified
mail, postage prepaid, return receipt requested, (c) sent by Federal Express or
similar nationally recognized overnight courier service, with receipt, or (d)
transmitted by facsimile or other electronic transmission, provided that a
duplicate copy is sent within one business day after such transmission by United
States mail. Each notice shall be addressed as follows: to Lessor and Lessee at
the respective addresses specified in the Basic Lease Information or to such
other place as one party may from time to time designate in a notice to the
other; or, to Lessee, in the case a notice personally delivered at the premises.
Each notice shall be deemed to have been given upon the date of actual receipt
(or refusal to accept delivery) as indicated on the customary receipt used by
the delivering service or, in the case of a facsimile or other

                                       19
<PAGE>

electronic transmission, the confirmation of the completed transmission. Lessee
hereby appoints as its agent to receive the service of all dispossessory or
distraint proceedings and notices thereunder the person in charge of or
occupying the premises at the time, and, if no person shall be in charge of or
occupying the same, then such service may be made by attaching the same on the
main entrance of the premises.

     34.  There are no oral agreements between Lessor and Lessee affecting this
Lease, and this Lease supersedes and cancels any and all previous negotiations,
arrangements, brochures, agreements, and understandings if any, between Lessor
and Lessee or displayed by Lessor to Lessee with respect to the subject matter
of this Lease or the Embarcadero Center project. There are no representations
between Lessor and Lessee other than those contained in this Lease. All implied
warranties, including implied warranties of merchantability and fitness, are
excluded.

     35.  (a)  If Lessee signs as a corporation, each of the persons executing
this Lease on behalf of Lessee warrants that Lessee is a duly authorized and
existing corporation, that Lessee has and is qualified to do business in
California, that the corporation has the full right and authority to enter into
this Lease, and that each and both of the persons signing on behalf of the
corporation were authorized to do so. If Lessee signs as a partnership, each of
the persons executing this Lease on behalf of Lessee warrants that Lessee is a
partnership, that the partnership has the full right and authority to enter into
this Lease, and that each person signing on behalf of the partnership is
authorized to do so.

          (b)  Pacific Property Services, L.P. represents that it is the agent
of Lessor and has the right and authority to sign this Lease on behalf of
Lessor; except for such representation, Pacific Property Services, L.P. shall
have no liability under this Lease.

     36.  The words "Lessor" and "Lessee" as used herein shall include the
plural as well as the singular. If there be more than one Lessee, the
obligations hereunder imposed upon Lessee shall be joint and several. Time is of
the essence of this Lease and each and all of its provisions. Submission of this
instrument for examination or signature by Lessee does not constitute a
reservation of or option for lease, and it is not effective as a lease or
otherwise until execution and delivery by both Lessor and Lessee. The
agreements, conditions and provisions herein contained shall, subject to the
provisions as to assignment, apply to and bind the heirs, executors,
administrators, successors and assigns of the parties hereto. Lessee shall not,
without the consent of Lessor, use the words "Embarcadero Center" or the name of
the Building for any purpose other than as the address of the business to be
conducted by Lessee in the premises. If any provision of this Lease shall be
determined to be illegal or unenforceable, such determination shall not affect
any other provision of this Lease and all such other provisions shall remain in
full force and effect. This Lease shall be governed by and construed pursuant to
the laws of the State of California.

                                       20
<PAGE>

     37.  The exhibit(s) and addendum, if any, specified in the Basic Lease
Information are attached to this Lease and by this reference made a part hereof.

     IN WITNESS WHEREOF, the parties have executed this Lease on the respective
dates indicated below:

LESSEE                             LESSOR

AEGIS MORTGAGE                     THREE EMBARCADERO
ACCELERATION CORPORATION,          CENTER VENTURE,
a Delaware corporation             a partnership

                                   By: Pacific Property Services, L.P., a
                                       California limited partnership,
                                       Managing Agent

By:  /s/ John Decker               By:  /s/ ^^
   --------------------------         -----------------------------

Its:  President                    Its:  Chief Operating Officer
    -------------------------          ----------------------------

By:
   --------------------------

Its:
    -------------------------

Date of Execution                  Date of Execution

  by Lessee:  June 9, 1997             by Lessor:  June 10, 1997
            -----------------                    -------------------
                                       21
<PAGE>

     1.   The sidewalks, halls, passages, exits, entrances, shopping malls,
elevators, escalators and stairways of the Building shall not be obstructed by
any of the tenants or used by them for any purpose other than for ingress to and
egress from their respective premises. The halls, passages, exits, entrances,
shopping malls, elevators, escalators and stairways are not for the general
public, and Lessor shall in all cases retain the right to control and prevent
access thereto of all persons whose presence in the judgment of Lessor would be
prejudicial to the safety, character, reputation and interests of the Building
and its tenants, provided that nothing herein contained shall be construed to
prevent such access to persons with whom any tenant normally deals in the
ordinary course of its business, unless such persons are engaged in illegal
activities. No tenant and no employee or invitee of any tenant shall go upon the
roof of the Building except such roof or portion thereof as may be contiguous to
the premises of a particular tenant and may be designated in writing by Lessor
as a roof deck or roof garden area.

     2.   No sign, placard, picture, name, advertisement or notice visible from
the exterior of any tenant's premises shall be inscribed, painted, affixed or
otherwise displayed by any tenant on any part of the Building without the prior
written consent of Lessor. Lessor will adopt and furnish to tenants general
guidelines relating to signs inside the Building on the office floors. Each
tenant shall conform to such guidelines, but may request approval of Lessor for
modifications, which approval will not be unreasonably withheld. All approved
signs or lettering on doors shall be printed, painted, affixed or inscribed at
the expense of the tenant by a person approved by Lessor, which approval will
not be unreasonably withheld. Material visible from outside the Building will
not be permitted.

     3.   The premises shall not be used for the storage of merchandise held for
sale to the general public or for lodging. No cooking shall be done or permitted
by any tenant on the premises, except that use by the tenant of food and
beverage vending machines and Underwriters' Laboratory approved microwave ovens
and equipment for brewing coffee, tea, hot chocolate and similar beverages shall
be permitted, provided that such use is in accordance with all applicable
federal, state and city laws, codes, ordinances, rules and regulations.

     4.   No tenant shall employ any person or persons other than Lessor's
janitorial service for the purpose of cleaning the premises, unless otherwise
approved by Lessor. No person or persons other than those approved by Lessor
shall be permitted to enter the Building for the purpose of cleaning the same.
No tenant shall cause any unnecessary labor by reason of such tenant's
carelessness or indifference in the preservation of good order and cleanliness.
Janitor service will not be furnished on nights when rooms are occupied after
9:30 P.M. unless, by prior arrangement with Lessor, service is extended to a
later hour for specifically designated rooms.

     5.   Lessor will furnish each tenant free of charge with two keys to each
door lock in its premises. Lessor may make a reasonable charge for any
additional keys. No

                                       22
<PAGE>

tenant shall have any keys made. No tenant shall alter any lock or install a new
or additional lock or any bolt on any door of its premises without the prior
consent of Lessor. The tenant shall in each case furnish Lessor with a key for
any such lock. Each tenant, upon the termination of its tenancy, shall deliver
to Lessor all keys to doors in the Building which shall have been furnished to
the tenant.

     6.   The freight elevator shall be available for use by all tenants in the
Building, subject to such reasonable scheduling as Lessor in its discretion
shall deem appropriate. The persons employed to move such equipment in or out of
the Building must be acceptable to Lessor. Lessor shall have the right to
prescribe the weight, size and position of all equipment, materials, furniture
or other properly brought into the Building. Heavy objects shall, if considered
necessary by Lessor, stand on wood strips of such thickness as is necessary to
properly distribute the weight. Lessor will not be responsible for loss of or
damage to any such property from any cause, and all damage done to the Building
by moving or maintaining such property shall be repaired at the expense of the
tenant.

     7.   No tenant shall use or keep in the premises or the Building any
kerosene, gasoline or inflammable or combustible fluid or material other than
limited quantities thereof reasonably necessary for the operation or maintenance
of office equipment, or, without Lessor's prior approval, use any method of
heating or air conditioning other than that supplied by Lessor. No tenant shall
use or keep or permit to be used or kept any foul, noxious or hazardous gas or
substance in the premises, or permit or suffer the premises to be occupied or
used in a manner offensive or objectionable to Lessor or other occupants of the
Building by reason of noise, odors or vibrations, or interfere in any way with
other tenants or those having business therein. No pets shall be kept in the
premises.

     8.   Lessor shall have the right, exercisable without notice and without
liability to any tenant, to change the name and street address of the Building.

     9.   Lessor reserves the right to exclude from the Building between the
hours of 6 P.M. and 7 A.M. and at all hours on Saturdays, Sundays and legal
holidays any person who does not present a proper access card or other
identification as a tenant or an employee of a tenant, or who does not otherwise
present proper authorization by a tenant for access to its premises. Each tenant
shall be responsible for all persons for whom it authorizes access and shall be
liable to Lessor for all acts of such persons. Lessor shall in no case be liable
for damages for any error with regard to the admission to or exclusion from the
Building of any person. In the case of invasion, mob, riot, public excitement or
other circumstances rendering such action advisable in Lessor's opinion, Lessor
reserves the right to prevent access to the Building during the continuance of
the same by such action as Lessor may deem appropriate.

     10.  The directory of the Building will be provided for the display of the
name and location of tenants and a reasonable number of the principal officers
and employees of tenants, and Lessor reserves the right to exclude any other
names therefrom.

                                       23
<PAGE>

     11.  No curtains, draperies, blinds, shutters, shades, screens or other
coverings, hangings or decorations shall be attached to, hung or placed in, or
used in connection with any exterior window in the Building without the prior
consent of Lessor. If consented to by Lessor, such items shall be installed on
the office side of the standard window covering and shall in no way be visible
from the exterior of the Building.

     12.  Messenger services and suppliers of bottled water, food, beverages,
and other products or services shall be subject to such reasonable regulations
as may be adopted by Lessor. Lessor may establish a central receiving station in
the Building for delivery and pick-up by all messenger services, and may limit
delivery and pick-up at tenant premises to Building personnel.

     13.  Each tenant shall see that the doors of its premises are closed and
locked and that all water faucets or apparatus, cooking facilities and office
equipment (excluding office equipment required to be operative at all times) are
shut off before the tenant or its employees leave the premises at night, so as
to prevent waste or damage, and for any default or carelessness in this regard
the tenant shall be responsible for any damage sustained by other tenants or
occupants of the Building or Lessor. On multiple-tenancy floors, all tenants
shall keep the doors to the Building corridors closed at all times except for
ingress and egress.

     14.  The toilets, urinals, wash bowls and other restroom facilities shall
not be used for any purpose other than that for which they were constructed, no
foreign substance of any kind whatsoever shall be thrown therein and the expense
of any breakage, stoppage or damage resulting from the violation of this rule
shall be borne by the tenant who, or whose employees or invitees, shall have
caused it.

     15.  Except with the prior consent of Lessor, no tenant shall sell, or
permit the sale at retail, of newspapers, magazines, periodicals, theatre
tickets or any other goods or merchandise to the general public in or on the
premises, nor shall any tenant carry on, or permit or allow any employee or
other person to carry on, the business of stenography, typewriting or any
similar business in or from the premises for the service or accommodation of
occupants of any other portion of the Building, nor shall the premises of any
tenant be used for manufacturing of any kind, or any business or activity other
than that specifically provided for in such tenant's lease.

     16.  No tenant shall install any antenna, loudspeaker, or other device on
the roof or exterior walls of the Building.

     17.  Each tenant shall have the right to connect the telephone system in
its premises to the telephone cable distribution system serving the Office Tower
at the location of the telephone cable terminal on the floor on which the
premises are situated, provided that no connection shall be made and no work
otherwise affecting the telephone cable terminal or distribution system shall be
undertaken without reasonable prior notice

                                       24
<PAGE>

to Lessor. Lessor or Lessor's contractor with responsibility for maintenance of
the telephone distribution system may require supervision of the connection by
Lessor or the maintenance contractor, and may impose such other reasonable
conditions as may be necessary to protect the telephone cable terminal or
distribution system. Any damage to the telephone cable terminal or distribution
system caused by the act or omission of any tenant shall be repaired at the
expense of that tenant.

     18.  No motorcycles or motor scooters shall be parked or stored anywhere in
the Building other than the garage of the Building, and no bicycles may be
parked or stored anywhere in the Building other than in facilities provided
therefor in the garage or the common area of the Building.

     19.  There shall not be used in any portion of the Building, by any tenant
or its invitees, any hand trucks or other material handling equipment except
those equipped with rubber tires and side guards unless otherwise approved by
Lessor.

     20.  Each tenant shall store its refuse within its premises. No material
shall be placed in the refuse boxes or receptacles if such material is of such
nature that it may not be disposed of in the ordinary and customary manner of
removing and disposing of refuse in the City and County of San Francisco without
being in violation of any law or ordinance governing such disposal. All refuse
disposal shall be made only through entryways and elevators provided for such
purposes and at such times as Lessor shall designate.

     21.  Canvassing, peddling, soliciting, and distribution of handbills or any
other written materials in the Building are prohibited, and each tenant shall
cooperate to prevent the same.

     22.  The requirements of the tenants will be attended to only upon
application by telephone or in person at the office of the Building. Employees
of Lessor shall not perform any work or do anything outside of their regular
duties unless under special instructions from Lessor.

     23.  Lessor may waive any one or more of these Rules and Regulations for
the benefit of any particular tenant or tenants, but no such waiver by Lessor
shall be construed as a waiver of such Rules and Regulations in favor of any
other tenant or tenants, nor prevent Lessor from thereafter enforcing any such
Rules and Regulations against any or all of the tenants of the Building.

     24.  These Rules and Regulations are in addition to, and shall not be
construed to in any way modify or amend, in whole or in part, the terms,
covenants, agreements and conditions of any lease of premises in the Building.

                                       25
<PAGE>

     25.  Lessor reserves the right to make such other and reasonable rules and
regulations as in its judgment may from time to time be needed for the safety,
care and cleanliness of the Building, and for the preservation of good order
therein.

                                       26
<PAGE>

                           [INSERT FLOOR PLAN HERE]

                                       27
<PAGE>

                                   EXHIBIT C

IRREVOCABLE LETTER OF                                  _________________, 1997
CREDIT NO_______________________

BENEFICIARY:                                           APPLICANT:

________________________________                       _________________________
SUITE 2600                                             _________________________
FOUR EMBARCADERO CENTER                                _________________________
SAN FRANCISCO, CA 94111

GENTLEMEN:

     WE HAVE HEREBY ESTABLISHED OUR IRREVOCABLE LETTER OF CREDIT NO.
_____________ AT THE REQUEST OF AND FOR THE ACCOUNT OF THE APPLICANT, FOR AN
AMOUNT OF NOT TO EXCEED IN THE AGGREGATE U.S. DOLLARS ______________ **U.S.
$_____________ ** (THE "STATED AMOUNT") AVAILABLE FOR PAYMENT BY YOUR DRAFT(S)
DRAWN AT SIGHT ON US AND ACCOMPANIED BY:

     (1)  YOUR WRITTEN AND SIGNED CERTIFICATE SHOWING THE NAME AND TITLE OF THE
          SIGNER, REFERENCING THIS LETTER OF CREDIT NO. _______ (THE "CREDIT")
          READING:

     "THE UNDERSIGNED BEING DULY AUTHORIZED DO HEREBY CERTIFY THAT:

     (A)  (I)  AN EVENT OF DEFAULT ON THE PART OF THE LESSEE HAS OCCURRED UNDER
               THE OFFICE LEASE DATED ______________ (THE "LEASE"), BETWEEN
               ________________ ______________________ AND APPLICANT; AND

          (II) FUNDS DRAWN UNDER THE CREDIT WILL BE APPLIED IN THE MANNER
               AUTHORIZED UNDER SECTION 31 OF THE LEASE; OR

     (B)  (I)  APPLICANT HAS FAILED TO CAUSE THE CREDIT TO BE EXTENDED OR
               REPLACED AT LEAST 60 DAYS PRIOR TO THE DATE IT IS DUE TO EXPIRE;
               AND

                                       28
<PAGE>

          (II)  ______________ HAS MADE WRITTEN DEMAND ON APPLICANT FOR THE
                EXTENSION OR REPLACEMENT OF THE CREDIT AND AT LEAST 10 DAYS HAS
                ELAPSED SINCE SUCH DEMAND WAS MADE WITHOUT THE CREDIT HAVING
                BEEN EXTENDED OR REPLACED; AND

          (III) THE FUNDS DRAWN UNDER THE CREDIT WILL BE APPLIED IN THE MANNER
                AUTHORIZED UNDER PARAGRAPH ____ OF THE ADDENDUM TO OFFICE LEASE
                THAT CONSTITUTES PART OF THE LEASE."

YOUR DRAFT(S) MUST BE PRESENTED AT OUR OFFICE LOCATED AT
_________________________, SAN FRANCISCO, CALIFORNIA __________ NOT LATER THAN
___________________, _____ (THE "EXPIRATION DATE") OR ANY AUTOMATICALLY EXTENDED
EXPIRATION DATE AS PROVIDED HEREINBELOW.

     IT IS A CONDITION OF THIS LETTER OF CREDIT THAT IT SHALL BE AUTOMATICALLY
EXTENDED WITHOUT AMENDMENT, FOR PERIOD(S) OF ONE (1) YEAR EACH FROM THE
EXPIRATION DATE HEREOF OR ANY SUCH AUTOMATICALLY EXTENDED EXPIRATION DATE UNLESS
WE NOTIFY YOU AT THE ADDRESS STATED HEREINABOVE BY REGISTERED MAIL (RETURN
RECEIPT) AT LEAST SIXTY (60) DAYS PRIOR TO THE CURRENT EXPIRATION DATE THAT WE
HAVE ELECTED NOT TO EXTEND THIS LETTER OF CREDIT FOR ANY SUCH FURTHER ONE YEAR
PERIOD.

     NOTWITHSTANDING ANY REFERENCE IN THIS LETTER OF CREDIT TO OTHER DOCUMENTS,
INSTRUMENTS OR AGREEMENTS OR REFERENCES IN SUCH OTHER DOCUMENTS, INSTRUMENTS OR
AGREEMENTS TO THIS LETTER OF CREDIT THIS LETTER OF CREDIT CONTAINS THE ENTIRE
AGREEMENT AMONG THE APPLICANT, BENEFICIARY AND THE ISSUER HEREUNDER RELATING TO
THE OBLIGATIONS OF THE ISSUER HEREUNDER.

     ALL DRAFTS MUST BE MARKED "DRAWN UNDER _________________ LETTER OF CREDIT
NO. ________________  ."

     WE HEREBY AGREE WITH YOU THAT DRAFTS DRAWN UNDER AND IN COMPLIANCE WITH THE
TERMS OF THIS CREDIT SHALL BE DULY HONORED ON DUE PRESENTATION TO THE DRAWEE.

     EXCEPT AS EXPRESSLY STATED HEREIN, THIS CREDIT IS ISSUED SUBJECT TO THE
UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS (1993 REVISION)
INTERNATIONAL CHAMBER OF COMMERCE

                                       29
<PAGE>

PUBLICATION NO. 500.

                                   VERY TRULY YOURS,

                                   ______________________________________
                                   BY
_____________________________      (AUTHORIZED SIGNATURE)

                                       30
<PAGE>

                           ADDENDUM TO OFFICE LEASE
                           ------------------------

     THIS ADDENDUM TO OFFICE LEASE (the "Addendum") shall constitute a part of
that Office Lease dated June 6, 1997 (the "Lease"), between THREE EMBARCADERO
CENTER, a partnership ("Lessor"), and AEGIS MORTGAGE ACCELERATION CORPORATION, a
Delaware corporation ("Lessee"), and the terms hereof shall for all purposes be
deemed incorporated in the Lease. In the event of any inconsistency between the
provisions of this Addendum and the other provisions of the Lease, this Addendum
shall govern.

     1.   Amendment of Section 3(d). Section 3(d) of the Lease is hereby amended
          -------------------------
so as to read as follows:

     Lessee hereby acknowledges that late payment by Lessee to Lessor
     of rent and other sums due hereunder will cause Lessor to incur
     costs not contemplated by this Lease, the exact amount of which
     will be difficult to ascertain. Such costs include, but are not
     limited to, processing and accounting charges, and late charges
     which may be imposed on Lessor by the terms of any trust deed
     covering the premises. Accordingly, if any installment of rent or
     any other sums due from Lessee shall not be received by Lessor
     within five (5) days after the date due, Lessee shall pay to
     Lessor a late charge equal to six percent (6%) of such overdue
     amount. The parties hereby agree that such late charge represents
     a fair and reasonable estimate of the costs Lessor will incur by
     reason of late payment by Lessee. Acceptance of such late charge
     by Lessor shall in no event constitute a waiver of any default by
     Lessee under Section 18(a) of this Lease with respect to such
     overdue amount, nor prevent Lessor from exercising any of the
     other rights and remedies granted hereunder.

     2.   Amendment of Section 3(e). Section 3(e) of the Lease is hereby amended
          -------------------------
so as to read as follows:

     (e)  Any amount due to Lessor, if not received by Lessor within
     five (5) days from the date due, shall bear interest from the
     date due until paid at the

                                       31
<PAGE>

     rate of ten percent (10%) per annum or, if a higher rate is
     legally permissible, at the highest rate legally permitted,
     provided that interest shall not be payable on late charges
     incurred by Lessee nor on any amounts upon which late charges are
     paid by Lessee to the extent such interest would cause the total
     interest to be in excess of that legally permitted. Payment of
     interest shall not excuse or cure any default under section 18(a)
     of this Lease.

     3.   Amendment of Section 15(b). Section 15(b) of the Lease is
          --------------------------
hereby amended to read as follows:

     (b)  Without limiting the other instances in which it may be
     reasonable for Lessor to withhold its consent to an assignment or
     subletting, Lessor and Lessee acknowledge that it shall be
     reasonable for Lessor to withhold its consent in the following
     instances:

          (1)  if at the time consent is requested or at any time
          prior to the granting of consent, Lessee is in default under
          this Lease or would be in default under this Lease but for
          the pendency of any grace or cure period under section 18
          below;

          (2)  if the proposed assignee or sublessee is a governmental
          agency;

          (3)  if, in Lessor's reasonable judgment, the use of the
          premises by the proposed assignee or sublessee would involve
          occupancy by other than primarily executive or professional
          personnel and related support staff, would entail any
          alterations which would materially lessen the value of the
          leasehold improvements in the premises, would result in more
          than a reasonable number of occupants per floor, or would
          require increased services by Lessor;

          (4)  if, in Lessor's reasonable judgment, the financial
          worth of the proposed assignee does not meet the credit
          standards applied by Lessor for other tenants under leases
          with comparable terms, the financial worth of the proposed
          sublessee is not adequate for the obligations under the
          sublease, or the character, reputation, or business of the
          proposed assignee or sublessee is not consistent with the
          quality of the other tenancies in the Building; and

          (5)  in the case of a subletting of less than the entire
          premises, if the subletting would result in the division of
          the premises into more than 3 sublet parcels on any floor
          leased entirely by Lessee;

                                       32
<PAGE>

          provided, however, that Lessee shall, at its sole cost and
          expense be responsible for constructing any demising walls
          and separate entrances to the permitted sublet parcels,
          which construction shall be performed in accordance with all
          applicable governmental laws, codes, rules, regulations and
          orders, in a workmanlike manner, and free and clear of all
          liens for labor and materials furnished in connection with
          such construction.

     4.   Amendment of Section 18(a). Section 18(a) of the Lease is hereby
          --------------------------
amended so as to read as follows:

     (a)  A default by Lessee in the payment when due of any rent or
     other sum payable hereunder and the continuation of such default
     for a period of five (5) days after notice from Lessor;

     5.   Amendment of Section 18(b). Section 18(b) of the Lease is
          --------------------------
hereby amended so as to read as follows:

     (b)  A default by Lessee in the performance of any of the other
     terms, covenants, agreements or conditions contained herein and,
     if the default is curable, the continuation of such default for a
     period of thirty (30) days after notice by Lessor or beyond the
     time reasonably necessary for cure if the default is of a nature
     to require more than thirty (30) days to remedy;

     6.   Improvement of Premises. Lessor and Lessee acknowledge that Lessee
          -----------------------
desires to effect substantial improvements to the premises under section 8 of
the Lease to adapt the same for Lessee's occupancy and, accordingly, the
following procedures are hereby established to implement the provisions of
section 8. To the extent any provisions of this paragraph are inconsistent with
the provisions of section 8, as to the improvements to be made prior to
occupancy, the provisions of this paragraph shall govern.

          (a)  Lessor and Lessee acknowledge that they have approved the space
plan and outline specifications identified in Exhibit B attached to the Lease.
The alterations reflected in Exhibit B, together with any changes thereto or
additional

                                       33
<PAGE>

alterations requested by Lessee, are hereinafter referred to as "Lessee's Work."
Lessor shall cause the architects for the improvement of the premises, Huntsman
Associates, and their mechanical and electrical engineers, to prepare
construction drawings for Lessee's Work, including any alternates for pricing
purposes approved by Lessor and Lessee in order to facilitate the construction
of Lessee's Work for a cost not to exceed the sum of $350,445.00 (the "Assumed
Cost"). Lessee shall cooperate with the architects and engineers as necessary to
enable them to prepare complete plans and specifications, satisfying applicable
code requirements, that are ready for pricing and permit application by July 10,
1997 (the "Plans Date"). The architects or the general contractor for Lessee's
Work shall be responsible for submitting plans and specifications to the
appropriate authorities for the issuance of required permits, and the cost of
such permits shall constitute part of Lessee's Work.

          (b)  Lessor shall obtain a quotation or quotations of the cost of
Lessee's Work from one or more general contractors approved by Lessor for
construction in the Building, which quotation or quotations shall include such
alternates as shall have been approved by Lessor and Lessee. Lessor shall submit
the quotations to Lessee and Lessor shall accept the quotation acceptable to
Lessee, including the applicable alternates. Lessor shall enter into a contract
with the general contractor who submitted the approved quotation and shall use
its best efforts to cause the contractor to commence, diligently proceed with,
and complete Lessee's Work in accordance with the approved plans and
specifications. Lessee acknowledges that Lessor itself does not warrant the
timeliness of performance or the quality of the contractor's work, but Lessor
shall use its best efforts to

                                       34
<PAGE>

enforce the contract, including all warranties contained therein, against the
general contractor for Lessee's benefit.

          (c)  The cost of Lessee's Work shall include architects' and
engineers' fees, except for services attributable to any portion of Lessee's
Work beyond that reflected in Exhibit B, the cost of which shall be borne by
Lessee. The cost of Lessee's Work shall also include the cost of any changes in
Lessee's Work requested or caused by Lessee, and in the event Lessor or the
general contractor is instructed by Lessee to proceed with such changes without
a prior determination of any increased costs or any increased construction time
resulting from such changes and without approval of such increases by Lessee,
the amount thereof shall be as reasonably determined by Lessor upon completion
of Lessee's Work, subject only to Lessor's reasonable efforts in causing its
general contractor to furnish to Lessee appropriate back-up information
concerning increased costs and construction delays, if any. The cost of Lessee's
Work shall include a charge for Lessor's construction administration in the
amount of 5% of the cost of Lessee's Work.

          (d)  Lessor shall bear the cost of Lessee's Work, except as provided
in this subsection (d) and subject to the provisions of section 7 of this
Addendum. In the event the cost of Lessee's Work exceeds the Assumed Cost, the
monthly Base Rent shall be increased by the amount necessary to fully amortize
on a monthly basis in equal monthly installments the difference between the
actual cost of Lessee's Work and the Assumed Cost on a straight line basis over
the term of the Lease at a rate of 10% per annum.

                                       35
<PAGE>

          (e)  Any improvements to or installations in the premises desired by
Lessee that are outside the scope of the normal construction trades and
therefore not part of Lessee's Work shall be furnished and installed by or on
behalf of Lessee at Lessee's expense. Lessee shall adopt a schedule in
conformance with the schedule of Lessor's contractors and conduct its work in
such a manner as to maintain harmonious labor relations and as not to interfere
unreasonably with or delay the work of Lessor's contractors but Lessor shall
nonetheless afford Lessee's contractors reasonable and timely access to the
premises. Lessee's contractors, subcontractors and labor shall be approved by
Lessor, which approval shall not be unreasonably withheld or delayed, and shall
be subject to the administrative supervision of Lessor's general contractor.
Contractors and subcontractors engaged by Lessee shall employ men and means to
insure so far as may be possible the progress of the work without interruption
on account of strikes, work stoppage or similar causes for delay. Lessor shall
give access and entry to the premises to Lessee and its contractors and
subcontractors and sufficient opportunity and time during each work day and
reasonable use of facilities to enable Lessee to adapt the premises for Lessee's
use and perform the work to be performed by or on behalf of Lessee; provided,
however, that if such entry is prior to the commencement of the term of the
Lease such entry shall be subject to all of the applicable terms and conditions
of this Lease except the payment of rent.

          (f)  In the event of any delay in the performance of Lessee's Work
such that Lessee's Work is not completed prior to the commencement of the term,
Lessee's obligation to pay rental under section 3 of the Lease shall not
commence until Lessee's

                                       36
<PAGE>

Work is substantially completed, meaning complete subject only to the completion
or correction of items on Lessor's project manager's punch list, the completion
or correction of which will not materially interfere with Lessee's use or
occupancy of the premises. If Lessor shall be delayed, however, in substantially
completing Lessee's Work as a result of any of the following (hereinafter
referred to as a "Tenant Delay"):

               (1)  any delay past the Plans Date in the completion of plans and
     specifications for Lessee's Work that satisfy applicable code requirements
     and are ready for pricing and permit application, if such delay is
     attributable to Lessee's failure timely to cooperate with the architects
     and engineers;

               (2)  Lessee's change(s) in plans and specifications for Lessee's
     Work after the completion of plans and specifications for pricing and
     permit application; or

               (3)  Lessee's request for special materials, finishes, or
     installations not reflected in Exhibit B; then, notwithstanding anything to
     the contrary contained in the Lease, the commencement of rental shall be
     accelerated by the number of days of such Tenant Delay.

     7.   Letter of Credit. Notwithstanding anything to the contrary contained
          ----------------
in section 31 of the Lease, Lessee may satisfy its obligation to furnish the
security deposit contemplated therein by delivery to Lessor no later than August
1, 1997 a standby letter of credit, initially in the amount of $400,000.00, and
declining by $30,000.00 on each anniversary of the term commencement date, in
the form attached to the Lease as Exhibit C (the "letter of credit") issued by
Wachovia Bank of Georgia. In the event Lessee shall

                                       37
<PAGE>

fail to deliver the letter of credit on or before August 1, 1997, then
notwithstanding anything in this Addendum to the contrary, Lessee and not Lessor
shall pay for the cost of Lessee's Work, and the monthly Base Rent shall be
$52,859. In the event Lessee shall fail to deliver the letter of credit on or
before August 1, 1997, Lessor shall submit each progress billing monthly from
its general contractor to Lessee, and Lessee shall pay each such progress
billing within 10 days after submittal by Lessor. Lessor shall not be obligated
to continue Lessee's Work if Lessee does not pay the cost of Lessee's Work for
which it is responsible when due. If Lessee does not make timely payment to
Lessor, Lessor may, but shall not be obligated to, advance Lessor's funds to pay
such progress billing and any funds so advanced shall be payable to Lessor upon
demand as additional rent and shall bear interest as provided in section 3(e) of
the Lease.

     Lessee's right to the reduction in the security deposit contained in the
preceding paragraph is expressly conditioned upon there having been no prior
Event of Default under section 18 of the Lease. If the term of the letter of
credit expires prior to the period during which the security deposit is
required, the letter of credit has not been extended or replaced at least 60
days prior to its expiration, Lessor has made written demand on Lessee for
extension or replacement of the letter of credit and at least 10 days have
elapsed after the demand was made without the letter of credit having been
extended or replaced, then Lessor shall be entitled to draw upon the letter of
credit and purchase with the proceeds thereof a time deposit with the bank that
issued the letter of credit. Such time deposit shall be governed by the
following provisions:

          (a)  The initial term of the time deposit shall be one year, and prior
to the

                                       38
<PAGE>

occurrence of an Event of Default by Lessee under the Lease, the time deposit
shall be automatically reinvested for successive terms of one year or such
shorter period as shall be designated by Lessor.

          (b)  At any time after the occurrence of an Event of Default, Lessor
shall have the right to withdraw all or part of the time deposit and apply the
same in the manner authorized under section 31 of the Lease with respect to a
security deposit, and Lessor shall have no liability to Lessee for any penalty
or loss incurred by reason of the withdrawal of the time deposit in advance of
its maturity.

          (c)  Following expiration of the term of the Lease, Lessor shall
assign the time deposit to Lessee.

     8.   Liability of Lessor. For any breach of this Lease the liability of
          -------------------
Lessor (including all persons and entities that comprise Lessor, and any
successor landlord) and any recourse by Lessee against Lessor shall be limited
to the interest of Lessor and Lessor's successors-in-interest in and to the
Building and the rents, issues and profits from the Building. On behalf of
itself and all persons claiming by, through, or under Lessee, Lessee expressly
waives and releases Lessor from any personal liability for breach of this Lease.

                                       39
<PAGE>

     IN WITNESS WHEREOF, Lessor and Lessee have executed this Addendum as of the
date of the Lease.

AEGIS MORTGAGE ACCELERATION             THREE EMBARCADERO CENTER
CORPORATION,                            VENTURE,
a Delaware corporation                  a partnership

                                        By: Pacific Property Services, L.P., a
By:  /s/ John Decker                        California limited partnership,
   --------------------------------         Managing Agent
Its:  President
    -------------------------------

By:                                         By:  /s/ ^^
   --------------------------------             -----------------------------
Its:                                        Its:  Chief Operating Officer
    -------------------------------             -----------------------------
                                       40<PAGE>

                                                                    EXHIBIT 10.7

                               CREDIT AGREEMENT

     This Credit Agreement is entered into as of August 25, 1997 between
Wachovia Bank, N.A. ("Lender") and Aegis Mortgage Acceleration Corp., a Delaware
corporation ("Borrower").

1.   Definitions.
     -----------

     1.1  Definitions. The following terms have the meanings indicated:
          -----------

          "Agreement" means this Credit Agreement as amended, restated or
modified from time to time.

          "Availability Period" means the period commencing on the date of this
Agreement and ending 18 months later.

          "Banking Day" means, unless otherwise defined in this Agreement, a day
other than a Saturday or a Sunday on which Lender is open for business in
Georgia.

          "Borrower" means Aegis Mortgage Acceleration Corp., a Delaware
corporation.

          "Closing Date" means the date of execution of the Agreement.

          "Collateral" means the personal property collateral described in
Paragraph 4.2 of this Agreement.

          "Debt" means at any date the obligations of Borrower or any Subsidiary
for borrowed money, including, without limitation, borrowings evidenced by
bonds, debentures, notes, capital leases or similar instruments and obligations
to reimburse lenders under letters of credit or similar instruments.

          "EBITDA" means, for any period, determined in accordance with GAAP the
earnings of Borrower, and if any Subsidiary exists, the earnings of such
Subsidiary or Subsidiaries, before interest expense, income taxes, depreciation
and amortization.

          "Event of Default" means any event listed in Article 8 of this
Agreement.

          "Fixed Charges" means for any period the aggregate of all obligations
for payments by Borrower, and if any Subsidiary exists, any Subsidiary, of
interest and principal on Debt and the aggregate of dividends paid on or amounts
paid for redemption of equity securities (whether in cash or other property).

          "GAAP" means generally accepted accounting principles and practices as
promulgated by the Accounting Research Board, the Accounting Principles Board
and
<PAGE>

the Financial Accounting Standards Board or any superseding or supplemental
documentation of equal authority promulgating generally accepted accounting
principles and practices, all as in effect from time to time.

          "Net Worth" means the book value of the assets of Borrower less
liabilities reflected in a balance sheet prepared in accordance with the accrual
method of accounting and GAAP consistently applied by Borrower. If any
Subsidiary exists, Net Worth shall be determined on a consolidated basis.

          "Note" means the promissory note of Borrower evidencing loans pursuant
to the Revolving Facility substantially in the form of Exhibit A to this
Agreement.

          "Obligations" means those obligations of Borrower to Lender including
the following:

               (i)   Borrower's obligations under the Note, including principal,
                     interest, late charges, prepayment charges and attorneys
                     fees;

               (ii)  Borrower's obligations under this Agreement;

               (iii) all of Borrower's other present and future obligations to
                     Lender;

               (iv)  the repayment of any amounts that Lender may advance or
                     spend for the maintenance or preservation of the
                     Collateral;

               (v)   the repayment of any other expenditures that Lender may
                     make under the provisions of this Agreement (including the
                     default costs provided for in this Agreement) or for the
                     benefit of Borrower;

               (vi)  all amounts owed under any modifications, renewals or
                     extensions of any of the foregoing obligations; and

               (vii) any of the foregoing that arises after the filing of a
                     petition by or against Borrower under the Bankruptcy Code.

          "Reference Rate" means a per annum rate equal to the rate of interest
announced from time to time by Lender as its "prime rate", "prime lending rate",
"base rate" or similar reference rate (with each change therein to be effective
as of the date of such change). Each such rate announced by Lender is a
reference rate and does not necessarily represent the lowest or best rate
actually charged by it to any customer. Lender may make commercial loans or
other loans at rates of interest at, above or below such reference rate. In the
event Lender ceases to use its "prime rate", "prime lending

                                       2
<PAGE>

rate" "base rate" or similar reference rate as a standard, Lender shall
designate a substitute therefor.

          "Revolving Facility" means the revolving line of credit described in
Article 2 of this Agreement.

          "Subsidiary" means, as applied to Borrower, (i) any corporation of
which 50% or more of the outstanding stock (other than directors' qualifying
shares) having ordinary voting power to elect a majority of its board of
directors (or other governing body), regardless of the existence at the time of
a right of the holders of any class or classes (however designated) of
securities of such corporation to exercise such voting power by reason of the
happening of any contingency, or any partnership of which 50% or more of the
outstanding partnership interests is, at the time, directly or indirectly owned
by Borrower or by one or more Subsidiaries of Borrower, and (ii) any other
entity which is directly or indirectly controlled or capable of being controlled
by Borrower or by one or more Subsidiaries of Borrower.

          "Warrant Agreement" means the warrant agreement between Lender and
Borrower substantially in the form of Exhibit D to this Agreement.

          "Warrants" has the meaning ascribed in paragraph 5.4.

2.   Revolving Facility.
     ------------------

     2.1  Amount. From time to time during the Availability Period Lender, on a
          ------
revolving basis, will make advances to Borrower in amounts not less than
$250,000 for each advance. The total of all advances outstanding under the
Revolving Facility may not exceed at any one time $4,000,000 less permanent
reductions to the Revolving Facility. The Revolving Facility may be reduced by
Borrower during the Availability Period in amounts not less than $500,000 but
each reduction shall reduce the available credit under the Revolving Facility
permanently.

     2.2  Principal Payments. Borrower shall repay the principal balance of
          ------------------
advances under the Revolving Facility in 24 equal monthly payments commencing on
the 30th day of the month immediately succeeding the month in which the
Availability Period ends.

     2.3  Interest Rate. The principal balance of the Revolving Facility shall
          -------------
bear interest at the rate of 11% per annum. Borrower shall pay interest monthly
in arrears on the 30th day of each month.

     2.4  Use of Proceeds. Borrower shall use the proceeds of the Revolving
          ---------------
Facility for working capital purposes.

                                       3
<PAGE>

     2.5  Prepayments. Borrower may at any time prepay advances under the
          -----------
Revolving Facility in full or in part in amounts not less than $500,000 for each
such prepayment. Partial prepayments after the expiration of the Availability
Period shall be applied to the most remote installment payments due.

     2.6  Commitment Fee. On September 30, December 31, March 31 and June 30
          --------------
during the Availability Period and on the date the Availability Period ends
Borrower shall pay to Lender an amount equal to .75% per annum on the undrawn
portion of the Revolving Facility based upon the daily average of the unused
portion of the Revolving Facility during the quarter.

3.   Disbursement of Credit, Payment and Interest Calculations.
     ---------------------------------------------------------

     3.1  Requests. Each request for an advance under the Revolving Facility
          --------
shall be made in writing on a form acceptable to Lender or in any other manner
acceptable to Lender.

     3.2  Disbursements and Payments. Each disbursement by Lender shall be made
          --------------------------
within 24 hours of receipt of Borrower's request and each payment by Borrower
under this Agreement shall be made in the funds and at such place as Lender may
from time to time select.

     3.3  Evidence of Indebtedness. Principal, interest and all other sums due
          ------------------------
Lender under this Agreement shall be evidenced by the Note and by entries in
records maintained by Lender. Each payment on and any other credits with respect
to principal, interest and all other sums due under this Agreement shall be
evidenced by entries to records maintained by Lender.

     3.4  Interest Calculation. Except as otherwise stated in this Agreement,
          --------------------
all interest and fees, if any, payable under this Agreement shall be computed on
the basis of a 360 day year and actual days elapsed.

     3.5  Late Payments. Any sum payable by Borrower hereunder (including unpaid
          -------------
interest to the extent provided by law) if not paid when due shall bear interest
(payable on demand) from its due date until payment in full at a rate per annum
which is the greater of 15% or 4% over the Reference Rate.

     3.6  Banking Pay. Any sum payable by Borrower hereunder which becomes due
          -----------
on a day which is not a Banking Day shall be due on the next Banking Day after
such due date. Any payments received by Lender on a day which is not a Banking
Day shall be deemed to be received on the next Banking Day after such date of
receipt.

     3.7  Taxes and Other Charges. Borrower agrees to make all payments or
          -----------------------
reimbursements under this Agreement free and clear of and without deduction for
any

                                       4
<PAGE>

present or future taxes, levies, imposts, fees or other charges of any kind
which may be imposed by any governmental authority with respect to such payments
or reimbursements. If any such taxes are imposed by any governmental authority,
Borrower agrees to pay such taxes and to confirm payment to Lender within 30
days after the due date for each tax payment. This paragraph shall not apply
with respect to any taxes which are imposed on or measured by Lender's net
income by any jurisdiction.

     3.8  Telephone Requests. At Lender's sole discretion in each instance,
          ------------------
Lender may accept telephone requests to make or to repay extensions of credit.
Extensions of credit requested by telephone shall be deposited into Borrower's
commercial account with Lender or an affiliate bank of Lender, or such other
account(s) as may be specified in writing by Borrower and acceptable to Lender.
Telephone requests may be made by any individual identified in writing to Lender
on a form acceptable to Lender as being authorized to make such requests. Lender
shall be entitled to rely upon any written or telephone request from persons it
reasonably believes to be authorized by Borrower to make such requests without
making independent inquiry. Borrower hereby indemnifies Lender for, and holds
Lender harmless from, any and all losses, damages, claims and expenses
(including reasonable attorneys' fees), however arising, which Lender suffers or
incurs based on or arising out of extensions of credit or payments made on any
telephone request except that Lender shall not be indemnified against its own
gross negligence or willful misconduct. The provisions of this paragraph shall
survive termination of this Agreement.

     3.9  Conditions Precedent to All Advances. At the time of (and after giving
          ------------------------------------
effect to) the making of any advance under the Revolving Facility, the following
conditions shall have been satisfied or shall exist:

               (i)   there shall then exist no Event of Default;

               (ii)  all representations and warranties by Borrower contained
                     herein or in any other related documents (other than those
                     representations and warranties which are, by their terms,
                     expressly limited to the date made or given) shall be true
                     and correct in all material respects with the same effect
                     as though such representations and warranties had been made
                     on and as of the date of such advance; and

               (iii) the advance to be made and the use of proceeds thereof
                     shall not contravene, violate or conflict with, or involve
                     Borrower or Lender in a violation of, any law, rule,
                     injunction, regulation, or determination of any court of
                     law or other governmental authority.

                                       5
<PAGE>

     Each request for an advance under the Revolving Facility and the acceptance
by Borrower of the proceeds thereof shall constitute a representation and
warranty by Borrower to Lender, as of the date of such advance, that all of the
conditions specified in this Section have been satisfied.

4.   Collateral.
     ----------

     4.1  Grant of Security Interest. Borrower grants a security interest in the
          --------------------------
Collateral to Lender to secure the payment or performance of the Obligations.

     4.2  Collateral. Borrower shall execute and deliver to Lender financing
          ----------
statements and such other documents as are necessary to perfect Lender's
interests in the Collateral, which shall consist of the property of Borrower,
wherever located, and now owned or hereafter acquired, including, but not
limited to the following:

               (i)    Accounts, including accounts receivable;

               (ii)   Chattel paper;

               (iii)  Equipment, including furniture, furnishings, fixtures,
                      computers, office equipment and incidental accessories;

               (iv)   Instruments;

               (v)    General intangibles, including patents, copyrights,
                      tradenames, trademarks, logos and computer software;

               (vi)   Documents;

               (vii)  Rights ancillary to, or arising in any way in connection
                      with, any of the foregoing, including security agreements
                      securing any of the foregoing, documents and notes;

               (viii) Books and records pertaining to the foregoing and the
                      equipment containing the books and records;

               (ix)   Capital stock of any Subsidiary;

               (x)    Bank operating accounts, excluding any fiduciary accounts
                      containing funds held for the benefit of any mortgagor or
                      customer by the Borrower; and

               (xi)   To the extent not listed above as original collateral,
                      proceeds and products of the foregoing, including money,
                      deposit accounts, goods, insurance proceeds and other
                      tangible or

                                       6
<PAGE>

                      intangible property received upon the sale or other
                      disposition of the foregoing.

Lender is authorized, at its option, to file financing statements or amendments
without the signature of Borrower with respect to the Collateral.

     4.3  Possession and Control of Collateral.
          ------------------------------------

          4.3.1  Possession. Borrower shall have possession of the Collateral,
                 ----------
except where expressly provided in this Agreement or where Lender chooses to
perfect its security interest by possession. Borrower shall deliver to Lender
certificates representing the capital stock of any Subsidiary, together with an
undated and irrevocable form of stock powers, within ten (10) days of Borrower's
creation or acquisition of such Subsidiary. If Lender takes possession of
investment securities of Borrower it shall also be entitled to possession of
additional securities, such as stock dividends issued in connection with such
securities.

          4.3.2  Inspection; Notice. Lender may inspect the Collateral, wherever
                 ------------------
it is located, at any time upon reasonable notice. Borrower shall give Lender
prompt written notice of any change in the location of the Collateral or the
name of the entity, such as a subsidiary, owning the Collateral.

          4.3.3  Personal Property. The Collateral shall remain personal
                 -----------------
property at all times. Borrower shall not affix any of the Collateral to any
real property in any manner which would change its nature from that of personal
property to real property or to a fixture.

          4.3.4  Lender Collection Rights. Lender shall have the right at any
                 ------------------------
time to notify any account debtors and any obligors under instruments to make
payments directly to Lender, and Lender may at any time enforce Borrower's
rights against the account debtors and obligors.

          4.3.5  Limitations on Obligations Concerning Maintenance of
                 ----------------------------------------------------
Collateral.
----------

                 (i)   Risk of Loss. Borrower has the risk of loss of the
                       ------------
                       Collateral. Lender shall not be responsible for any
                       injury or loss to the Collateral, or any part thereof,
                       arising from any act of nature, flood, fire or any other
                       cause beyond the reasonable control of Lender.

                 (ii)  No Collection Obligation. Lender have no duty to collect
                       ------------------------
                       any income accruing on the Collateral or to preserve any
                       rights relating to the Collateral.

                                       7
<PAGE>

                 (iii) No Duty of Care. Lender shall have no duty of care with
                       ---------------
                       respect to the Collateral.

          4.3.6  No Disposition of Collateral. Except as permitted in this
                 ----------------------------
Agreement, Borrower has no right to sell, lease or otherwise dispose of any of
the Collateral.

5.   Conditions.
     ----------

     The effectiveness of this Agreement is subject to Lender's receipt of the
following, each of which must be in form and substance satisfactory to Lender:

     5.1  Note. Borrower shall have executed and delivered to Lender the Note.
          ----

     5.2  Financing Statements. Borrower and Lender shall have executed and
          --------------------
delivered to each other financing statements and such other documents as are
provided in this Agreement to protect Lender's interests in the Collateral.

     5.3  Warrant Agreement. Borrower and Lender shall have executed and
          -----------------
delivered to each other the Warrant Agreement.

     5.4  Warrant. Borrower shall have executed and delivered to Lender the
          -------
Warrant as provided in and in the form attached as an Exhibit to the Warrant
Agreement.

     5.5  Authorization Certificates. Lender shall have received certificates of
          --------------------------
the President of Borrower dated the Closing Dates as to the due authorization of
the execution of this Agreement and related agreements and documentation, as to
the accuracy as of the Closing Date of the representations and warranties in
Article 6 and due performance of the covenants in Article 7 of this Agreement.

     5.6  Opinions of Counsel. Lender shall have received opinions of counsel
          -------------------
for Lender and Borrower in form and content satisfactory to Lender and its
counsel covering the matters described in Exhibit C to this Agreement.

     5.7  Corporate Documents. Lender shall have received either original,
          -------------------
photocopied or facsimile copies of the Certificate of Incorporation and By-laws
of Borrower (certified in the case of the Certificate of Incorporation by the
Secretary of State of the State of Delaware), together with either original,
photocopied or facsimile current good standing certificates for Borrower issued
by the Secretary of State of the State of Delaware and of such other
jurisdictions where Borrower is presently qualified to do business as a foreign
corporation (subject to such exceptions as may be acceptable to Lender).

     5.8  Lien Searches. Lender shall have received either original, photocopied
          -------------
or facsimile UCC, judgment and tax lien search reports for each jurisdiction in
which

                                       8
<PAGE>

Borrower is located or has Collateral, showing no liens or financing statements
of record against Borrower, except liens permitted under Section 7.8, and
showing no litigation that is material to Borrower.

6.   Representations and Warranties.
     ------------------------------

     Borrower represents and warrants that:

     6.1  Organization and Authorization. Borrower is a corporation duly
          ------------------------------
organized and existing under the laws of the state of Delaware, and is qualified
to do business in California and in each other jurisdiction where the failure to
qualify would have a material adverse effect upon the Borrower. The execution,
delivery and performance of this Agreement and of any instrument or agreement
required by this Agreement are within Borrower's powers, have been duly
authorized, and are not in conflict with the terms of any charter, bylaw or
other organization papers of Borrower.

     6.2  No Conflicts. The execution, delivery and performance of this
          ------------
Agreement and of any instrument or agreement required by this Agreement are not
in conflict with any law or any indenture, or undertaking to which Borrower is a
party or by which Borrower is bound or affected.

     6.3  Enforceability. This Agreement is a legal, valid and binding agreement
          --------------
of Borrower, enforceable against Borrower in accordance with its terms, and any
instrument or agreement required under this Agreement, when executed and
delivered, will be similarly legal, valid, binding and enforceable, such
enforceability in either case being subject to the effects of applicable laws
affecting creditors' rights generally or affecting the availability of equitable
remedies.

     6.4  Compliance with Laws. Borrower has complied, in all material respects,
          --------------------
with all known federal, state, and local laws, rules, and regulations affecting
its business.

     6.5  Ownership of Collateral. All Collateral is owned by Borrower free and
          -----------------------
clear of all security interests, liens, encumbrances and rights of others except
the rights of Lender under this Agreement required and those consented to in
writing by Lender.

     6.6  Litigation. There is no known litigation, tax claim, proceeding or
          ----------
dispute pending, or, to the knowledge of Borrower, threatened, against or
affecting Borrower or its properties, the adverse determination of which might
materially affect Borrower's financial condition or operations or materially
impair Borrower's ability to perform its obligations hereunder or under any
instrument or agreement required by this Agreement.

     6.7  No Event of Default. No event has occurred and is continuing or would
          -------------------
result from the extension of credit under this Agreement which constitutes or
would

                                       9
<PAGE>

constitute an Event of Default or which, upon a lapse of time or notice or both,
would become an Event of Default.

     6.8  Information Submitted. All financial information submitted by Borrower
          ---------------------
to Lender has been prepared in accordance with the accrual method of accounting
consistently applied by Borrower, is true and correct in all material respects
and is complete insofar as may be necessary to give Lender a true and accurate
knowledge of the subject matter of such information.

     6.9  No Material Adverse Change. There has been no material adverse change
          --------------------------
in the financial condition or operations of Borrower since the date of the most
recent audited financial statements submitted to Lender.

     6.10 Investment Company Act. Etc. Borrower is not an "investment company"
          ---------------------------
or a company "controlled" by an "investment company"(as each of the quoted terms
is defined or used in the Investment Company Act of 1940, as amended). Borrower
is not subject to regulation under the Public Utility Holding Company Act of
1935, the Federal Power Act or any federal statute or regulation limiting its
ability to incur indebtedness for money borrowed or to pledge any of its assets
to secure such indebtedness, as contemplated by this Agreement or by any related
document.

7.   Covenants.
     ---------

     So long as credit is available under this Agreement and until full and
final payment of all of Borrower's obligations under this Agreement and any
instrument or agreement required under this Agreement, unless Lender waives
compliance in writing, Borrower shall perform the following covenants:

     7.1  Notices of Certain Events. Borrower shall promptly give written notice
          -------------------------
to Lender of-

               (i)   all litigation affecting Borrower or any Subsidiary where
                     the amount claimed not covered by insurance is $500,000 or
                     more;

               (ii)  any substantial dispute which may exist between Borrower or
                     any Subsidiary and any governmental regulatory body or law
                     enforcement authority:

               (iii) any Event of Default or any event which, upon a lapse of
                     time or notice or both, would become an Event of Default;

                                       10
<PAGE>

               (iv)  any other matter which has resulted or might result in an
                     adverse change in Borrower's financial condition or
                     operations.

     7.2  Financial and Other Information. Borrower shall deliver to Lender in
          -------------------------------
form and detail satisfactory to Lender, and in such number of copies as Lender
may request:

               (i)   As soon as available but no later than 120 days after the
                     close of each of its fiscal years, a complete copy of
                     Borrower's financial statements, which shall include
                     Borrower's balance sheet as of the close of such year, and
                     Borrower's statements of operations, stockholders equity
                     and cash flows for such year prepared in accordance with
                     GAAP, audited by an independent public accountant selected
                     by Borrower and satisfactory to Lender. The statements
                     shall be accompanied by a certificate of Borrower that no
                     event has occurred and is continuing which is, or with the
                     lapse of time or notice or both would be, an Event of
                     Default.

               (ii)  As soon as available but no later than 45 days after the
                     close of each month, Borrower's balance sheet as of the
                     close of such month, and Borrower's statements of
                     operations, stockholders equity and cash flows, all as
                     prepared by Borrower for its own use and certified by a
                     duly authorized officer of Borrower as being complete and
                     correct and fairly presenting Borrower's financial
                     condition and results of operations in accordance with
                     accrual accounting principles and practices consistently
                     applied. The statements shall be accompanied by a
                     certificate of Borrower that no event has occurred and is
                     continuing which is, or with the lapse of time or notice or
                     both would be, an Event of Default.

               (iii) Promptly, such other statements, lists of property and
                     accounts, budgets, forecasts, reports or other information
                     concerning Borrower's business activities and financial
                     condition as Lender may reasonably request from time to
                     time.

               (iv)  If any Subsidiary exists, the Borrower shall deliver to
                     Lender all financial statements, balance sheets and
                     statements of operations required by this Article 7.2 on a
                     consolidated basis.

                                       11
<PAGE>

     7.3  Books, Records, Audits and Inspections. Borrower shall, and shall
          --------------------------------------
cause any Subsidiary to, maintain adequate books, accounts and records and
prepare all financial statements required hereunder in accordance with the
accrual method of accounting consistently applied, and in compliance with the
regulations of any governmental regulatory body having jurisdiction over
Borrower, any Subsidiary, or their businesses and permit employees or agents of
Lender at any reasonable time to inspect the Collateral, Borrower's properties,
and any Subsidiary's properties to conduct appraisals of the Collateral, and to
examine or audit Borrower's and any Subsidiary's books, accounts and records and
make copies and memoranda thereof. In the event any Collateral, properties,
books, accounts or records are in the possession of or under the control of a
third party, Borrower shall direct and hereby authorizes such third party to
permit access to Lender's employees or agents for the purpose of performing the
inspections, appraisals, examinations or audits permitted under this paragraph,
and to respond to any requests from Lender for information concerning the
amount, status or condition of any Collateral in third party's possession or
control.

     7.4  Minimum Net Worth. Borrower shall maintain a Net Worth, calculated on
          -----------------
the last day of each calendar quarter with the first calculation to be December
31, 1997 (i) during the period December 31, 1997 through and including December
31, 1998 not less than $300,000; (ii) during the period commencing January 1,
1999 through and including December 31, 1999 not less than $1,000,000; and (iii)
at any time thereafter not less than Net Worth at December 31, 1999, plus 50% of
positive net income for all periods after December 31, 1999 considered on a
cumulative basis.

     7.5  Debt to Net Worth. Borrower shall not permit Borrower's total Debt,
          -----------------
calculated on the last day of each calendar quarter with the first calculation
to be December 31, 1997 to exceed six times its Net Worth through 1998 and five
times its Net Worth thereafter.

     7.6  Coverage of Fixed Charges. Borrower shall not permit the ratio,
          -------------------------
calculated on the last day of each fiscal quarter with the first calculation to
be September 30, 1997, of EBITDA for such period to Fixed Charges for such
period to be less than 1.5 to 1.0.

     7.7  Other Indebtedness. Except for indebtedness under the Revolving
          ------------------
Facility, Borrower shall not, and shall not permit any Subsidiary to, create or
incur any indebtedness for borrowed money or for the deferred purchase price of
property under leases, or become liable as a surety, guarantor, accommodation
endorser or otherwise for or upon the obligation of any other person, firm or
corporation; provided, however, that this paragraph shall not be deemed to
prohibit:

               (i)    the acquisition of goods, supplies or merchandise on
                      normal trade credit;

                                       12
<PAGE>

               (ii)   the endorsement of negotiable instruments received in the
                      ordinary course of its business as presently conducted;

               (iii)  debt and personal property lease obligations existing as
                      of the Closing Date and which have been disclosed to
                      Lender in writing;

               (iv)   additional indebtedness of Borrower, including lease
                      obligations, for the acquisition of real or personal
                      property to the extent permitted under paragraph 7.9
                      below;

               (v)    lease obligations related to occupancy of real property
                      existing on or at the Closing Date disclosed to Lender in
                      writing;

               (vi)   loans from stockholders of Borrower subordinated to Lender
                      on terms satisfactory to Lender; and

               (vii)  other financial arrangements with Lender, including
                      letters of credit.

     7.8  Liens. Borrower shall not, and shall not permit any Subsidiary to,
          -----
create, assume or suffer to exist any security interest, lien (including the
lien of an attachment, judgment or execution) or encumbrance, securing a charge
or obligation, on or of any of its property, real or personal, whether now owned
or hereafter acquired, except:

               (i)    security interests in favor of Lender;

               (ii)   liens for current taxes, assessments or other governmental
                      charges which are not delinquent or remain payable without
                      any penalty;

               (iii)  purchase money security interests in personal property
                      hereafter acquired as permitted by paragraph 7.9 below,
                      when the security interest does not extend beyond the
                      property purchased.

     7.9  Capital Leases. Borrower shall not have outstanding at any time lease
          --------------
obligations for personal property exceeding $400,000.

     7.10 Acquisitions. Borrower shall not, and shall not permit any Subsidiary
          ------------
to, acquire or purchase the assets or business of any other person, firm, or
corporation, except in an amount which does not exceed in the aggregate
$5,000,000 and including not more than $1,000,000 in cash; or acquire or
purchase securities other than obligations

                                       13
<PAGE>

issued or guaranteed by the United States and other readily marketable
securities, including commercial paper.

     7.11  Loans and Guaranties. Except for accounts receivable generated in the
           --------------------
ordinary course of business, Borrower shall not, and shall not permit and
Subsidiary to, make any loans, advances or other extensions of credit to, or
guarantee any of the obligations, of any person, firm or corporation in excess
of $300,000 in the aggregate.

     7.12  Sales and Leasebacks. Borrower shall not, and shall not permit any
           --------------------
Subsidiary to, enter into any sale and leaseback agreement covering any of its
fixed or capital assets.

     7.13  Existence and Properties. Borrower shall, and shall cause any
           ------------------------
Subsidiary to, maintain and preserve its existence and all rights, privileges
and franchises now enjoyed, conduct its business in an orderly, efficient and
customary manner, keep all its properties in good working order and condition,
and from time to time make all needed repair, renewals or replacements of such
property.

     7.14  Liquidations. Borrower shall not liquidate or dissolve.
           ------------

     7.15  Mergers. Borrower shall not, and shall not permit any Subsidiary to,
           -------
enter into any consolidation, merger, partnership, joint venture or other
combination requiring a cash investment exceeding $1,000,000 or a total
investment exceeding $5,000,000.

     7.16  Sale of Assets. Borrower shall not sell, lease or otherwise dispose
           --------------
of its business or assets as a whole having a fair market value in excess of
$500,000.

     7.17  Insurance. Borrower shall, and shall cause any Subsidiary to,
           ---------
maintain and keep in force fire and hazard insurance policies covering the
tangible property comprising the Collateral; and each such insurance policy
shall be in an amount equal to the full replacement value of such tangible
property and, shall include a replacement cost endorsement. Borrower shall also
maintain and keep in force a term life insurance policy of at least $1,000,000
on the life of John P. Decker. Such policies shall be issued by insurance
companies acceptable to Lender, and shall include loss payable endorsements in
favor of Lender in form acceptable to Lender. Borrower shall also, and shall
cause any Subsidiary to, maintain and keep in force insurance satisfactory to
Lender as to amount, nature and carrier covering property damage, public
liability and workers' compensation, and shall deliver to Lender upon Lender's
request a copy of each insurance policy or, if permitted by Lender, a
certificate of insurance listing all insurance in force. Any payments to Lender
from insurance shall reduce Borrower's obligations to Lender.

     7.18  Compliance with Laws. Borrower shall, and shall cause any Subsidiary
           --------------------
to, at all times comply with, or cause to be complied with, all laws, statutes
rules,

                                       14
<PAGE>

regulations, orders and directions of any governmental authority having
jurisdiction over Borrower or any Subsidiary or Borrower's or any Subsidiary's
business in all material respects.

     7.19  Accuracy of Financial Information. Borrower shall cause all financial
           ---------------------------------
information, including information relating to the Collateral, upon submission
by Borrower to Lender to be true and correct in all material respects and
complete to the extent necessary to give Lender a true and accurate knowledge of
the subject matter of such information.

     7.20  Additional Acts. Borrower shall, and shall cause any Subsidiary to,
           ---------------
perform, on request of Lender, such acts as may be necessary or advisable to
perfect any lien or security interest provided for in, or otherwise to carry out
the intent of, this Agreement.

     7.21  Business Activities. Borrower shall not, and shall not permit any
           -------------------
Subsidiary to, engage in any business activities or operations substantially
different from or unrelated to present business activities and operations.

     7.22  Use of Proceeds. No part of the proceeds of any loan advanced
           ---------------
hereunder will be used for any purpose which violates, or which would be
inconsistent or not in compliance with, the provisions of Regulation G,
Regulation T, Regulation U or Regulation X of the Board of Governors of the
Federal Reserve System, as the same may be in effect from time to time.

8.  Events of Default.
    -----------------

     The occurrence of any of the following Events of Default shall terminate
any obligation on the part of Lender to disburse advances under the Revolving
Facility until such Event of Default shall have been cured or waived. All
obligations of Borrower to Lender under or in respect of this Agreement and any
instrument or agreement required under this Agreement shall be immediately due
and payable (i) automatically upon the occurrence of an Event of Default
specified in paragraphs 8.6 and 8.7 and (ii) at the option of Lender, upon the
occurrence of any other Event of Default:

     8.1  Failure to Pay. Borrower fails to pay, within five days of the date
          --------------
when due, any installment of interest or principal or any other sum due under
this Agreement in accordance with the terms of this Agreement.

     8.2  Breach of Representation or Warranty. Any representation or warranty
          ------------------------------------
in this Agreement or in any agreement, instrument or certificate executed
pursuant or in connection with any transaction contemplated by this Agreement
proves to have been false or misleading in any material respect when made.

                                       15
<PAGE>

     8.3  Falsity of Reports. Any financial statements delivered by Borrower to
          ------------------
Lender proves to be false or misleading in any material respect.

     8.4  Security Interest. Lender fails to have a valid and enforceable
          -----------------
perfected security interest in or lien on the Collateral or such security
interest or lien fails to be prior to the rights and interest of others except
those consented to in writing by Lender.

     8.5  Judgments. One or more judgments or arbitration awards are entered
          ---------
against Borrower or any Subsidiary, or Borrower or any Subsidiary enters into
any settlement agreements with respect to any litigation or arbitration, in the
aggregate amount in any year exceeding $400,000 on a claim or claims not covered
by insurance.

     8.6  Voluntary Bankruptcy. Borrower or any Subsidiary files any petition,
          --------------------
proceeding, case or action for relief under any bankruptcy, reorganization,
insolvency or moratorium law, or any other law or laws for the relief of, or
relating to, debtors.

     8.7  Involuntary Bankruptcy. An involuntary petition is filed under any
          ----------------------
bankruptcy or similar statute against Borrower or any Subsidiary, or a receiver,
trustee, liquidator, assignee, custodian, sequestrator or other similar official
is appointed to take possession of the properties of Borrower or any Subsidiary;
provided, however, that such Event of Default shall be deemed cured if such
petition or appointment is with respect to claims aggregating less than
$1,000,000 and is set aside or withdrawn or ceases to be in effect within 30
days from the date of such filing or appointment.

     8.8  Suspension of Business. Borrower voluntarily suspends its business for
          ----------------------
more than one week.

     8.9  Default of Other Financial Obligations. Any default occurs under any
          --------------------------------------
other agreement involving the borrowing of money or the extension of credit in
excess of $500,000 to which Borrower may be a party as borrower, guarantor or
installment purchaser if such default consists of the failure to pay any
obligation when due or if such default gives to the holder of the obligation
concerned the right to accelerate the obligation.

     8.10 Default under Security Agreement. Any security agreement or other
          --------------------------------
agreement or instrument required under this Agreement is breached or becomes
ineffective or any default occurs under any such agreement or instrument.

     8.11 Default of Other Lender Obligations. Any material default occurs
          -----------------------------------
under any other obligation of Borrower or any Subsidiary to Lender or to any
subsidiary or affiliate of Lender.

                                       16
<PAGE>

     8.12 Breach Under Agreement. Borrower breaches any covenant or other
          ----------------------
material term, condition, provision, representation or warranty contained in
this Agreement not specifically referred to in this Article 8.

     8.13 Notice of Default; Cure. Lender shall give Borrower written notice of
          -----------------------
the occurrence of Events of Default set forth in paragraphs 8.4, 8.10, 8.11 and
8.12 and Borrower shall have 30 days after such notice within which to cure such
default.

     8.14 Change of Control. Lender shall not have consented to (i) the
          -----------------
occurrence of a transaction or series of transactions whereby the holders of the
outstanding voting securities of the Company before such transaction or
transactions own fewer than 50% of the outstanding voting securities of the
Company after such transaction or transactions, or (ii) the appointment of a
successor Chief Executive Officer of Borrower within 120 days after John P.
Decker for any reason ceases to be the Chief Executive Officer of Borrower.

9.   Remedies Upon Default.
     ---------------------

     9.1  General. Upon any Event of Default, Lender may pursue any remedy
          -------
available at law (including those available under the provisions of the Uniform
Commercial Code), or in equity to collect, enforce or satisfy any Obligations
then owing, whether by acceleration or otherwise.

     9.2  Concurrent Remedies. Upon any Event of Default, Lender shall have the
          -------------------
right to pursue any of the following remedies separately, successively or
concurrently:

               (i)    File suit and obtain judgment and, in conjunction with any
                      action, Lender may seek any ancillary remedies provided by
                      law, including levy of attachment and garnishment.

               (ii)   Take possession of any Collateral if not already in its
                      possession without demand and without legal process. Upon
                      Lender's demand, Borrower will assemble and make the
                      Collateral available to Lender as they direct. Borrower
                      grants to Lender the right, for this purpose, to enter
                      into or on any premises where Collateral may be located.

               (iii)  Without taking possession, sell, lease or otherwise
                      dispose of the Collateral at public or private sale in
                      accordance with the Uniform Commercial Code.

     9.3  Foreclosure Procedures.
          ----------------------

               (i)    No Waiver. No delay or omission by Lender to exercise any
                      ---------
                      right or remedy accruing upon any Event of Default shall
                      (a)

                                       17
<PAGE>

                      impair any right or remedy, (b) waive any default or
                      operate as an acquiescence to the Event of Default, or (c)
                      affect any subsequent default of the same or of a
                      different nature.

               (ii)   No Obligation to Pursue Others. Lender shall have no
                      ------------------------------
                      obligation to attempt to satisfy the Obligations by
                      collecting them from any other person liable for them and
                      Lender may release, modify or waive any collateral
                      provided by any other person to secure any of the
                      Obligations, all without affecting Lender's rights against
                      Borrower.

               (iii)  Compliance With Laws. Lender may comply with any
                      --------------------
                      applicable state or federal law requirements in connection
                      with a disposition of the Collateral and compliance will
                      not be considered to adversely affect the commercial
                      reasonableness of any sale of the Collateral.

               (iv)   Sales on Credit. Should any of the Collateral be sold by
                      ---------------
                      Lender upon credit or for future delivery, Borrower will
                      be credited only with payments actually made by the
                      purchaser, received by Lender and applied to the
                      indebtedness of the Purchaser. In the event the purchaser
                      fails to pay for the Collateral, Lender may resell the
                      Collateral and Borrower shall be credited with the
                      proceeds of the sale.

               (v)    Purchases by Lender. In the event Lender shall purchase
                      -------------------
                      any of the Collateral being sold, Lender may pay for the
                      Collateral by crediting some or all of the Obligations of
                      the Borrower.

10.  Miscellaneous.
     -------------

     10.1 Successors and Assigns. This Agreement shall bind and inure to the
          ----------------------
benefit of the parties to this Agreement and their respective successors and
assigns; provided, however, that Borrower shall not assign this Agreement or any
of the rights, duties or obligations of Borrower hereunder without the prior
written consent of Lender.

     10.2 Consents and Waivers. No consent or waiver under this Agreement shall
          --------------------
be effective unless in writing. No waiver of any breach or default shall be
deemed a waiver of any breach or default thereafter occurring.

     10.3 Governing Law. This Agreement shall be governed by and construed
          -------------
under the laws of the State of Georgia (without references to principles of
conflicts of law).

                                       18
<PAGE>

     10.4 Costs and Attorneys' Fees. Each party agrees to pay its own costs and
          -------------------------
counsel fees with respect to the preparation and enforcement of this Agreement.
Notwithstanding the foregoing, Borrower agrees to pay (i) up to $5,000 of
Lender's counsel fees in connection with the preparation of this Agreement
incurred after July 10, 1997 and (ii) the out-of-pocket expenses incurred by
Lender while an Event of Default is continuing in connection with the Event of
Default and related collection, bankruptcy and other enforcement proceedings.
Notwithstanding the foregoing, in the event a legal action or arbitration
proceeding is commenced in connection with the enforcement of this Agreement or
any instrument or agreement required under this Agreement, the prevailing party
shall be entitled to reasonable attorneys' fees, costs and necessary
disbursements incurred in connection with such action or proceeding, as
determined by the court or arbitrator.

     10.5 Integration. This Agreement and any instrument, agreement or document
          -----------
attached hereto or referred to herein (i) integrate all the terms and conditions
mentioned in this Agreement, (ii) supersede all oral negotiations and prior
writings in respect to the subject matter of this Agreement, and (iii) are
intended by the parties as the final expression of the agreement with respect to
the terms and conditions set forth in this Agreement and any such instrument,
agreement or document and as the complete and exclusive statement of the terms
agreed to by the parties. In the event of any conflict between the terms,
conditions and provisions of this Agreement and any such instrument, agreement
or document, the terms, conditions and provisions of this Agreement shall
prevail.

     10.6 Participations. Lender, with the approval of Borrower, may sell,
          --------------
assign, grant participations in, or otherwise transfer to any other person, firm
or corporation (a "Participant"), all or part of the obligations of Borrower
under this Agreement. Such approval of Borrower will not be unreasonably
withheld. Borrower agrees that each such disposition will give rise to a direct
obligation of Borrower to the Participant. Borrower authorizes Lender and each
Participant, upon the occurrence of an Event of Default, to proceed directly by
right of setoff, banker's lien or otherwise, against any assets of Borrower
which may be in the hands of Lender or such Participant, respectively. Borrower
authorizes Lender to disclose to any prospective Participant and any Participant
any and all information in Lender's possession concerning Borrower, this
Agreement and the Collateral.

     10.7 Arbitration.
          -----------

               (i)    Any controversy or claim between or among the parties,
                      including but not limited to those arising out of or
                      relating to this Agreement or any agreements or
                      instruments relating to this Agreement or delivered in
                      connection with this Agreement and any claim based on or
                      arising from an alleged

                                       19
<PAGE>

                      tort, but not including any claim or controversy relating
                      to the amount, term or rate of interest on Borrower's
                      obligations to Lender under this Agreement or any
                      agreement or instrument delivered in connection with this
                      Agreement, shall at the request of any party be determined
                      by arbitration. The arbitration shall be conducted in
                      accordance with the United States Arbitration Act (Title
                      9, U.S. Code), notwithstanding any choice of law provision
                      in this Agreement, and under the Commercial Rules of the
                      American Arbitration Association. The arbitrator(s) shall
                      give effect to statutes of limitation in determining any
                      claim. Any controversy concerning whether an issue is
                      arbitrable shall be determined by the arbitrator(s).
                      Judgment upon the arbitration award may be entered in any
                      court having jurisdiction. The institution and maintenance
                      of an action for judicial relief or pursuit of a
                      provisional or ancillary remedy shall not constitute a
                      waiver of the right of any party, including the plaintiff,
                      to submit the controversy or claim to arbitration if any
                      other party contests such action for judicial relief.

               (ii)   No provision of this paragraph shall limit the right of
                      Lender to the Collateral as provided in Article 9 or the
                      right of any party to this Agreement to exercise self help
                      remedies such as setoff, to foreclose against or sell any
                      real or personal property collateral or security, or to
                      obtain provisional or ancillary remedies from a court of
                      competent jurisdiction before, after or during the
                      pendency of any arbitration or other proceeding. The
                      exercise of a remedy does not waive the right of either
                      party to resort to arbitration or reference. In any
                      judicial proceeding the parties hereby waive any right to
                      trial by jury.

     10.8  Notices. All notices required hereunder shall be by facsimile,
           -------
personal delivery or first class mail, postage prepaid, to the addresses set
forth on the signature page of this Agreement, or to such other addresses as the
parties may specify from time to time in writing. If by facsimile notice shall
also be confirmed by personal delivery or first class mail, postage prepaid.

     10.9  Headings. Article and paragraph headings are for reference only and
           --------
shall not affect the interpretation or meaning of any provisions of this
Agreement.

     10.10 Severability. The illegality or unenforceability of any provision of
           ------------
this Agreement or any instrument or agreement under this Agreement shall not in
any way

                                       20
<PAGE>

affect or impair the legality or enforceability of the remaining provisions of
this Agreement or any instrument or agreement required under this Agreement.

     10.11 Counterparts. This Agreement may be executed in as many counterparts
           ------------
as may be deemed necessary or convenient, and by the parties to this Agreement
on separate counterparts each of which, when so executed, shall be deemed an
original, but all such counterparts shall constitute but one and the same
agreement.

                                       21
<PAGE>

     In Witness Whereof, the parties hereto have executed this Agreement as of
the day and year first above written.

WACHOVIA BANK, N.A.                        AEGIS MORTGAGE ACCELERATION CORP.

By:/s/ David Gaines                        By:  /s/ John P. Decker
   ---------------------------------            ----------------------------
   David Gaines                                 John P. Decker, President
   Senior Vice President

Address where notices to Lender are to     Address where notices to Borrower are
be sent:                                   to be sent:

  191 Peachtree Street, N.E.                 Three Embarcadero Center
  Atlanta, Georgia 30303                     Suite 2250
  Telephone: (404) 332-5722                  San Francisco, CA 94111
  Facsimile: (404) 332-1455                  Telephone: (415) 658-8710
                                             Facsimile: (415) 362-4835

                                       22
<PAGE>

                         Amendment to Credit Agreement

     This Amendment, which amends the Credit Agreement ("Agreement") entered
into as of August 25, 1997, between Aegis Mortgage Acceleration Corporation
("Aegis") and Wachovia Bank, N.A. ("Lender"), is intended to extend the
Availability Period as defined in the existing Agreement and to amend the
Agreement to conform to such extension and update the address for notices.

     Whereas Aegis and Lender have agreed to extend the Availability Period of
the Agreement, the parties hereto agree to amend the Agreement as follows:

     1.  The definition of "Availability Period" set forth in Section 1.1 shall
be changed from 18 months to 36 months. To that end, Section 1.1 shall be
amended and restated to read in its entirety to read as follows:

     "Availability Period means the period commencing on the date of this
Agreement and ending 36 months later"

     2.  The address listed on the signature page for Aegis shall be amended as
follows: Three Embarcadero Center, Suite 500 San Francisco, California 94111.

     Except as expressly amended by this Amendment, the Agreement shall remain
in full force and effect.

Date September 28, 1998
    -------------------

Aegis Mortgage Acceleration Corporation     Wachovia Bank, N.A.

By: /s/ John P. Decker                      By /s/ Signature Illegible
   -------------------                        ------------------------
Its President                               Its Senior Vice President

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