Document:

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                                                                 EXHIBIT 10.49

                            NON-COMPETITION AGREEMENT

         THIS NON-COMPETITION AGREEMENT (the "AGREEMENT") is made and entered
into as of this 15th day of December, 1999, by and among DAVID A. TAYLOR (the
"SELLER"), QAD INC., a Delaware corporation (the "PURCHASER") and ENTERPRISE
ENGINES, INC. (the "COMPANY").

                                    RECITALS

         A. The Seller is the legal and beneficial owner of Two Million One
Hundred Thousand (2,000,100) shares of common stock, without par value, of the
Company, constituting One Hundred Percent (100%) of the issued and outstanding
shares of common stock of the Company (the "SHARES");

         B. The Purchaser has agreed to purchase the Shares pursuant to the
terms of the Stock Purchase Agreement dated December 15, 1999 (the "PURCHASE
AGREEMENT") by and between the Seller, the Purchaser and the Company;

         C. The Company has, is and plans to continue carrying on in the
business of the Company. The Company and its business, trademarks and trade
names have established a favorable reputation and/or recognition throughout the
world; and

         D. In order to protect the name, goodwill and business of the Company
and as a condition to and in consideration of the execution, delivery and
performance of the Purchase Agreement by the Purchaser, the Seller has agreed to
(i) refrain from competing with the Company or the Purchaser, as set forth in
this Agreement and (ii) refrain from making disparaging comments about the
Purchaser or the Company.

         NOW, THEREFORE, in consideration of the mutual covenants contained
herein, the parties agree as follows:

                  1.       COMPETITION

                           1.1      AGREEMENT NOT TO COMPETE.

                  (a) The Seller will refrain, for a period of two (2) years
from the date hereof, either alone or in conjunction with any other Person, or
directly or indirectly through his present or future Affiliates, from:

                           (i) employing, engaging or seeking to employ or
         engage any Person who within the prior twelve (12) months had been an
         officer or employee of the Company or the Purchaser;

                                       1

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                           (ii) causing or attempting to cause (A) any client,
         customer or supplier of the Company or the Purchaser to terminate or
         materially reduce its business with the Company or the Purchaser, or
         (B) any officer, employee or consultant of the Company or the Purchaser
         to resign or sever a relationship with the Company or the Purchaser;

                           (iii) disclosing (unless compelled by judicial or
         administrative process) or using any confidential or secret information
         relating to the Company or the Purchaser, or any of their respective
         clients, customers or suppliers; or

                           (iv) competing with, participating or engaging in, or
         otherwise lending assistance (financial or otherwise) to any Person
         participating or engaged in selling, creating or developing Enterprise
         Applications Software for businesses engaged in manufacturing,
         distribution or supply chain management functions which involves any of
         the functionality of the E-Ware System as further described below.

         EEI has designed and is currently building a set of technologies for
         integrating and executing business models known as the E-Ware System.
         These technologies include the following:

         APPLICATION INTERFACE: This interface surrounds all the other
         functionality listed below. It is the interface to which all
         applications are written and hides the details of transactions,
         collections, naming, events, etc. from the application programmer.

         TRANSACTIONS: These are all the transactional semantics and mechanics
         that control the concurrency and integrity of every unit of work in a
         running application. This advanced transaction model will allow
         multiple transactional views to be open for each client, allowing end
         users to manage multiple work orders concurrently.

         DYNAMIC UI: This is the infrastructure to support dynamic Java user
         interfaces. The UI, which can be either a Java applet or a Java
         application, can respond dynamically to changes in the model. This
         infrastructure also provides all the smart caching necessary to make
         these UIs perform in mission critical applications that require fast
         response times.

         QUERY AND INDEXING: This is the subsystem necessary for the application
         to do the searching and reporting on all of the data within the
         application.

         EVENT NOTIFICATION: this functionality allows the application
         programmer to send events at a predetermined time and rate to any other
         object(s) within the system

         SYSTEMS INTERFACE: This is the infrastructure to support the interfaces
         that will be used to communicate with external entities like other ERP
         or

         OBJECT IMPORT/EXPORT: This subsystem allows us to migrate object data
         from one version of an application to another.

                                       2

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         BUSINESS BACKPLANE: A new architecture for business components to be
         developed by EEI and integrated into the Engine. It includes components
         interface definitions and supports independent component upgrades.

         ELECTRONIC EXCHANGE: A market-based message broker for identifying and
         selecting among candidate providers for business requests. Exchanges
         may be used at levels ranging from low-level data requests to
         Internet-based buying and selling.

                  (b) The parties hereto recognize that the Laws and public
policies of various jurisdictions may differ as to the validity and
enforceability of covenants similar to those set forth in this Section. It is
the intention of the parties that the provisions of this Section be enforced to
the fullest extent permissible under the Laws and policies of each jurisdiction
in which enforcement may be sought, and that the unenforceability (or the
modification to conform to such Laws or policies) of any provisions of this
Section shall not render unenforceable, or impair, the remainder of the
provisions of this Section. Accordingly, if any provision of this Section shall
be determined to be invalid or unenforceable, such invalidity or
unenforceability shall be deemed to apply only with respect to the operation of
such provision in the particular jurisdiction in which such determination is
made and not with respect to any other provision or jurisdiction.

                  (c) The parties hereto acknowledge and agree that any remedy
at Law for any breach of the provisions of this Section would be inadequate, and
Seller hereby consents to the granting by any court of an injunction or other
equitable relief, without the necessity of actual monetary loss being proved, in
order that the breach or threatened breach of such provisions may be effectively
restrained.

                           1.2 CONSIDERATION FOR NONCOMPETITION AGREEMENT. The
Purchaser will pay to the Seller ONE HUNDRED THOUSAND DOLLARS ($100,000) for
this covenant payable in twelve (12) equal monthly installments commencing on
December 16, 1999.

                  2.       REMEDIES.

                           2.1 INJUNCTIVE RELIEF. The Seller acknowledges and
agrees that the covenants and obligations contained in this Agreement relate to
special, unique and extraordinary matters, that the skills, talents, experience
and knowledge of the Seller are very valuable and, if used to compete with the
Company or the Purchaser, or if the Seller is permitted to disclose confidential
information or permitted to make negative or disparaging comments about the
Company, such competition, disclosure and/or comments will greatly decrease the
value of the business transferred to the Purchaser pursuant to the Purchase
Agreement, and that a violation of any of the terms of this Agreement will cause
the Purchaser and the Company irreparable injury for which adequate remedy at
law is not available. Therefore, in addition to other remedies that the
Purchaser or the Company may have, the Seller agrees that the Purchaser shall be
entitled to an injunction, restraining order or other equitable relief from any
court of competent jurisdiction, restraining the Seller from committing any
violation of the covenants and obligations set forth in this Agreement, together
with an award of attorneys' fees to be set by the Court.

                                       3

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                           2.2 REMEDIES CUMULATIVE. The Purchaser's rights and
remedies under SECTION 2.1 above are cumulative and are in addition to, and not
in lieu of, any other rights and remedies the Purchaser may have at law or in
equity.

                  3.       MISCELLANEOUS.

                           3.1 NOTICE. All notices, demands and requests
required by this Agreement shall be in writing and shall be deemed to have been
given or made for all purposes (i) upon personal delivery, (ii) one (1) day
after being sent, when sent by professional overnight courier service, (iii)
five (5) days after posting when sent by registered or certified mail, or (iv)
on the date of transmission when sent by telegraph, telegram, telex or other
form of "hard copy" transmission, to either party hereto at the address set
forth below or at such other address as either party may designate by notice
pursuant to this SECTION 3.1.

            If to Purchaser:          QAD Inc.
                                      6450 Via Real
                                      Carpinteria, CA 93013
                                      Attn: General Counsel
                                      Facsimile: 805-566-6080

            With copy to:             Joseph E. Nida, Esq.
                                      Nida & Maloney, LLP
                                      800 Anacapa Street
                                      Santa Barbara, CA  93101
                                      Facsimile No.:  805-568-1955

            If to Seller:             David A. Taylor
                                      4008 Bayview Avenue
                                      San Mateo, california  94403
                                      Facsimile:  none

            With copy to:             Heller, Ehrman, White & McCauliffe
                                      525 University Avenue
                                      Palo Alto, CA  94301
                                      Attn:  Sarah A. O'Dowd
                                      Facsimile No.: 650-324-0638

            If to Company:            Enterprise Engines, Inc.
                                      c/o QAD Inc.
                                      10,000 Midlantic, #200 East
                                      Mt. Laurel, NJ  08054
                                      Attn:  Roland B. Desilets
                                      Facsimile No.:  856-850-2698

                                       4

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            With copy to:             Joseph E. Nida, Esq.
                                      Nida & Maloney, LLP
                                      800 Anacapa Street
                                      Santa Barbara, CA  93101
                                      Facsimile No.:  805-568-1955

                           This Agreement shall be binding on, and shall inure
to the benefit of, the parties hereto and their respective heirs, legal
representatives, successors, and assigns; PROVIDED, HOWEVER, that the Seller may
not assign, transfer or delegate his rights or obligations hereunder and any
attempt to do so shall be void.

                           3.3 ENTIRE AGREEMENT. This Agreement and the Purchase
Agreement contain the entire agreement of the parties with respect to the
subject matter hereof, and all other agreements, written or verbal, are of no
further force or effect.

                           3.4 AMENDMENT. This Agreement may be modified or
amended only by a written agreement signed by the Purchaser and the Seller.

                           3.5 WAIVERS. No waiver of any term or provision of
this Agreement will be valid unless such waiver is in writing and signed by the
party against whom enforcement of the waiver is sought. The waiver of any term
or provision of this Agreement shall not apply to any subsequent breach of this
Agreement.

                           3.6 CAPTIONS AND CROSS-REFERENCES. Captions to the
various sections in this Agreement are for the convenience of the parties only
and shall not affect the meaning or interpretation of this Agreement. All
cross-references in this Agreement, unless specifically directed to another
agreement or document, refer to provisions within this Agreement.

                           3.7 COUNTERPARTS. This Agreement may be executed in
several counterparts, each of which shall be deemed an original, but together
they shall constitute one and the same instrument.

                           3.8 SEVERABILITY. The terms and provisions of this
Agreement shall be deemed severable, and if any term, provision or part of any
provision is held illegal, void or invalid under applicable law, the same shall
be deleted or changed to the minimum extent necessary to make it, as so changed,
or the remainder of the provision in the case of a deletion of any part of a
provision, legal, valid and binding. If any term or provision of this Agreement
is held illegal, void or invalid in its entirety, the remaining terms and
provisions of this Agreement shall not in any way be affected or impaired but
shall remain binding in accordance with their terms.

                           3.9 ARBITRATION. Any dispute relating to this
Agreement shall be resolved in accordance with the arbitration provisions set
forth in the Purchase Agreement.

                                       5

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                           3.10 ATTORNEYS' FEES AND COSTS. In the event of any
action at law or in equity between the parties hereto to enforce any of the
provisions hereof, the unsuccessful party or parties to such litigation shall
pay to the successful party or parties all costs and expenses including
reasonable attorneys' fees, incurred therein by such successful party or
parties, and if such successful party or parties shall recover judgment in any
such action or proceeding, such costs, expenses, and attorneys fees may be
included in and as part of such judgment. The successful party shall be the
party who is entitled to recover his costs of suit, whether or not the suit
proceeds to final judgment. If no costs are awarded, the successful party shall
be determined by the court.

                           3.11 GOVERNING LAW AND FORUM. THIS AGREEMENT AND THE
RIGHTS AND OBLIGATIONS OF THE PURCHASER, THE COMPANY AND THE SELLER HEREUNDER
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS, AND NOT
THE LAW OF CONFLICTS, OF THE STATE OF CALIFORNIA APPLICABLE TO CONTRACTS MADE
AND TO BE PERFORMED ENTIRELY WITHIN SUCH STATE. EXCEPT AS SET FORTH IN SECTION
3.9 ABOVE, ANY AND ALL ACTIONS AND PROCEEDINGS ARISING OUT OF OR RELATED
DIRECTLY OR INDIRECTLY TO THIS AGREEMENT SHALL BE LITIGATED IN ANY STATE COURT
OR FEDERAL COURT SITTING IN SAN FRANCISCO, STATE OF CALIFORNIA, AND EACH PARTY
HERETO HEREBY EXPRESSLY CONSENTS AND SUBMITS TO THE JURISDICTION OF ANY SUCH
COURT AND TO VENUE THEREIN AND CONSENTS TO THE SERVICE OF PROCESS IN ANY SUCH
ACTION OR PROCEEDING BY CERTIFIED OR REGISTERED MAILING OF THE SUMMONS AND
COMPLAINT THEREIN DIRECTED TO THE PARTIES IN THEIR RESPECTIVE ADDRESSES SET
FORTH IN SECTION 3.1 HEREOF.

                           3.12 COVENANT TO PERFORM NECESSARY ACTS. Each party
hereto agrees to perform any further acts and execute and deliver any further
documents which may be reasonably necessary or otherwise reasonably required to
carry out the provisions of this Agreement.

                           3.13 NUMBER AND GENDER. Words in the singular shall
include the plural, and words in a particular gender shall include either or
both genders when the context in which such words are used indicate that such is
the intent.

                                       6

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         IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date set forth above.

                               PURCHASER:

                               QAD Inc.

                               By:____________________________________________
                                     Name:  Albert J. Moyer
                                     Title:  Chief Financial Officer

                                SELLER:

                                ----------------------------------------------
                                David A. Taylor

                                COMPANY:

                                ENTERPRISE ENGINES, INC.

                                By:___________________________________________
                                Name:  David A. Taylor
                                Title:  President and Chief Executive Officer

                                       7<PAGE>

[LOGO]

                                                                  EXHIBIT 10.50

                               PROMISSORY NOTE

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
PRINCIPAL           LOAN DATE       MATURITY       LOAN NO      CALL        COLLATERAL      ACCOUNT      OFFICER    INITIALS
<S>                 <C>             <C>            <C>          <C>         <C>             <C>          <C>        <C>
$5,000,000.00       11-08-1999      11-08-2004                                7400                         NC
References in the shaded area are for Lender's use only and do not limit the applicability of this document to any particular
loan or item.
-------------------------------------------------------------------------------------------------------------------------------
BORROWER:  QAD ORTEGA HILL, LLC, a Delaware Limited                 LENDER:  FIRST CREDIT BANK, A California Banking Corporation
           Liability Company, d/b/a/ QAD OH, LLC in California              SUNSET-DOHENY BRANCH
           6450 Via Real                                                    9255 SUNSET BOULEVARD
           Carpinteria, CA  93013                                           WEST HOLLYWOOD, CA  90069
===============================================================================================================================

Principal Amount:  $5,000,000.00                    Initial Rate:  10.750%                  Date of Note: November 8, 1999
</TABLE>

PROMISE TO PAY. QAD ORTEGA HILL, LLC, a Delaware Limited Liability Company,
d/b/a QAD OH, LLC in California ("Borrower") promises to pay to FIRST CREDIT
BANK, A California Banking Corporation ("Lender"), or order, in lawful money
of the United States of America, the principal amount of Five Million &
00/100 Dollars ($5,000,000.00), together with interest on the unpaid
principal balance from November 8, 1999, until paid in full.

PAYMENT. Subject to any payment changes resulting from changes in the Index,
Borrower will pay this loan in 59 principal payments of $20,000.00 each and
one final principal and interest payment of $3,854,877.12. Borrower's first
principal payment is due December 8, 1999, and all subsequent principal
payments are due on the same day of each month after that.  In addition,
Borrower will pay regular monthly payments of all accrued unpaid interest due
as of each payment date. Borrower's first interest payment is due December 8,
1999, and all subsequent interest payments are due on the same day of each
month after that. Borrower's final payment due November 8, 2004, will be for
all principal and accrued interest not yet paid. Borrower will pay Lender at
Lender's address shown above or at such other place as Lender may designate
in writing. Unless otherwise agreed or required by applicable law, payments
will be applied first to any unpaid collection costs and any late charges,
then to any unpaid interest, and any remaining amount to principal.

VARIABLE INTEREST RATE. The interest rate on this Note is subject to change
from time to time based on changes in an index which is Lender's Prime Rate
(the "Index"). This is the rate Lender charges, or would charge, on 90-day
unsecured loans to the most creditworthy corporate customers. This rate may
or may not be the lowest rate available from Lender at any given time. Lender
will tell Borrower the current Index rate upon Borrower's request. Borrower
understands that Lender may make loans based on other rates as well. The
interest rate change will not occur more often than each day. The Index
currently is 8.250% per annum. The interest rate to be applied to the unpaid
principal balance of this Note will be at a rate of 2.500 percentage points
over the Index, resulting in an initial rate of 10.750% per annum. NOTICE:
Under no circumstances will the interest rate on this Note be more than the
maximum rate allowed by applicable law.

PREPAYMENT. Borrower agrees that all loan fees and other prepaid finance
charges are earned fully as of the date of the loan and will not be subject
to refund upon early payment (whether voluntary or as a result of default),
except as otherwise required by law. Except for the foregoing, Borrower may
pay without penalty all or a portion of the amount owed earlier than it is
due. Early payments will not, unless agreed to by Lender in writing, relieve
Borrower of Borrower's obligation to continue to make payments under the
payment schedule. Rather, they will reduce the principal balance due and may
result in Borrower making fewer payments.

LATE CHARGE. If a payment is 10 DAYS OR MORE LATE, Borrower will be charged
5.000% OF THE REGULARLY SCHEDULED PAYMENT OR $50.00, WHICHEVER IS GREATER.

DEFAULT. Borrower will be in default if any of the following happens: (a)
Borrower fails to make any payment when due. (b) Borrower breaks any promise
Borrower has made to Lender, or Borrower fails to comply with or to perform
when due any other term, obligation, covenant, or condition contained in this
Note or any agreement related to this Note, or in any other agreement or loan
Borrower has with Lender. (c) Any representation or statement made or
furnished to Lender by Borrower or on Borrower's behalf is false or
misleading in any material respect either now or at the time made or
furnished. (d) Borrower dissolves (regardless of whether election to continue
is made), any member withdraws from Borrower, any member dies, or any of the
members or Borrower becomes insolvent, a receiver is appointed for any part
of Borrower's property, Borrower makes an assignment for the benefit of
creditors, or any proceeding is commenced either by Borrower or against
Borrower under any bankruptcy or insolvency laws. (e) Any creditor tries to
take any of Borrower's property on or in which Lender has a lien or security
interest. This includes a garnishment of any of Borrower's accounts with
Lender. (f) Any guarantor dies or any of the other events described in this
default section occurs with respect to any guarantor of this Note. (g) A
material adverse change occurs in Borrower's financial condition, or Lender
believes the prospect of payment or performance of the indebtedness is
impaired. (h) Failure to meet the deadlines required in the Year 2000
Compliance Agreement to be Year 2000 Compliant or a reasonable likelihood
that Borrower cannot be Year 2000 Compliant on or before December 31, 1999.

If any default, other than a default in payment, is curable and if Borrower
has not been given a notice of breach of the same provision of this Note
within the preceding twelve (12) months, it may be cured (and no event of
default will have occurred) if Borrower, after receiving written notice from
Lender demanding cure of such default: (a) cures the default within fifteen
(15) days; or (b) if the cure requires more than fifteen (15) days,
immediately initiates steps which Lender deems in Lender's sole discretion to
be sufficient to cure the default and thereafter continues and completes all
reasonable and necessary steps sufficient to produce compliance as soon as
reasonably practical.

LENDER'S RIGHTS. Upon default, Lender may declare the entire unpaid principal
balance on this Note and all accrued unpaid interest immediately due, without
notice, and then Borrower will pay that amount. Upon Borrower's failure to
pay all amounts declared due pursuant to this section, including failure to
pay upon final maturity, Lender, at its option, may also, if permitted under
applicable law, do one or both of the following: (a) increase the variable
interest rate on this Note to 7.500 percentage points over the Index, and (b)
add any unpaid accrued interest to principal and such sum will bear interest
therefrom until paid at the rate provided in this Note (including any
increased rate). Lender may hire or pay someone else to help collect this
Note if Borrower does not pay. Borrower also will pay Lender that amount.
This includes, subject to any limits under applicable law, Lender's
attorneys' fees and Lender's legal expenses whether or not there is a
lawsuit, including attorneys' fees and legal expenses for bankruptcy
proceedings (including efforts to modify or vacate any automatic stay or
injunction), appeals, and any anticipated post-judgment collection services.
Borrower also will pay any court costs, in addition to all other sums
provided by law. This note has been delivered to Lender and accepted by
Lender in the State of California. If there is a lawsuit, Borrower agrees
upon Lender's request to submit to the jurisdiction of the courts of LOS
ANGELES County, the State of California. Lender and Borrower hereby waive the
right to any jury trial in any action, proceeding, or counterclaim brought by
either Lender or Borrower against the other. Subject to the provisions on
arbitration, this Note shall be governed by and construed in accordance with
the laws of the State of California.

COLLATERAL. Borrower acknowledges this Note is secured by, in addition to any
other collateral, a Deed of Trust dated November 8, 1999, to a trustee in
favor of Lender on real property located in Santa Barbara County, State of
California. That agreement contains the following due on sale provision:
Lender may, at its option, declare immediately due and payable all sums
secured by this Note upon the sale or transfer, without the Lender's

<PAGE>

11-08-1999                     PROMISSORY NOTE                          PAGE 2
                                 (Continued)

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

prior written consent, of all or any part of the Real Property, or any
interest in the Real Property. A "sale or transfer" means the conveyance of
Real Property or any right, title or interest therein; whether legal,
beneficial or equitable; whether voluntary or involuntary; whether by
outright sale, deed, installment sale contract, land contract, contract for
deed, leasehold interest with a term greater than three (3) years,
lease-option contract, or by sale, assignment, or transfer of any beneficial
interest in or to any land trust holding title to the Real Property, or by
any other method of conveyance of Real Property interest. If any Trustor is a
corporation, partnership or limited liability company, transfer also includes
any change in ownership of more than twenty-five percent (25%) of the voting
stock, partnership interests or limited liability company interests, as the
case may be, of Trustor. However, this option shall not be exercised by
Lender if such exercise is prohibited by applicable law.

ARBITRATION. Lender and Borrower agree that all disputes, claims and
controversies between them, whether individual, joint, or class in nature,
arising from this Note or otherwise, including without limitation contract
and tort disputes, shall be arbitrated pursuant to the Rules of the American
Arbitration Association, upon request of either party. No act to take or
dispose of any collateral securing this Note shall constitute a waiver of
this arbitration agreement or be prohibited by this arbitration agreement.
This includes, without limitation, obtaining injunctive relief or a temporary
restraining order; invoking a power of sale under any deed of trust or
mortgage; obtaining a writ of attachment or imposition of a receiver; or
exercising any rights relating to personal property, including taking or
disposing of such property with or without judicial process pursuant to
Article 9 of the Uniform Commercial Code. Any disputes, claims, or
controversies concerning the lawfulness or reasonableness of any act, or
exercise of any right, concerning any collateral securing this Note,
including any claim to rescind, reform, or otherwise modify any agreement
relating to the collateral securing this Note, shall also be arbitrated,
provided however that no arbitrator shall have the right or the power to
enjoin or restrain any act of any party. Lender and Borrower agree that in
the event of an action for judicial foreclosure pursuant to California Code
of Civil Procedure Section 726, or any similar provision in any other state,
the commencement of such an action will not constitute a waiver of the right
to arbitrate and the court shall refer to arbitration as much of such action,
including counterclaims, as lawfully may be referred to arbitration. Judgment
upon any award rendered by any arbitrator may be entered in any court having
jurisdiction. Nothing in this Note shall preclude any party from seeking
equitable relief from a court of competent jurisdiction. The statute of
limitations, estoppel, waiver, laches, and similar doctrines which would
otherwise be applicable in an action brought by a party shall be applicable
in any arbitration proceeding, and the commencement of an arbitration
proceeding shall be deemed the commencement of an action for these purposes.
The Federal Arbitration Act shall apply to the construction, interpretation,
and enforcement of this arbitration provision.

GENERAL PROVISIONS. Lender may delay or forgo enforcing any of its rights or
remedies under this Note without losing them. Borrower and any other  person
who signs, guarantees or endorses this Note, to the extent allowed by law,
waive any applicable statute of limitations, presentment, demand for payment,
protest and notice of dishonor. Upon any change in terms of this Note, and
unless otherwise expressly stated in writing, no party who signs this Note,
whether as maker, guarantor, accommodation maker or endorser, shall be
released from liability. All such parties agree that Lender may renew or
extend (repeatedly and for any length of time) this loan, or release any
party or guarantor or collateral; or impair, fail to realize upon or perfect
Lender's security interest in the collateral; and take any other action
deemed necessary by Lender without the consent of or notice to anyone. All
such parties also agree that Lender may modify this loan without the consent
of or notice to anyone other than the party with whom the modification is
made.

PRIOR TO SIGNING THIS NOTE, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS
OF THIS NOTE, INCLUDING THE VARIABLE INTEREST RATE PROVISIONS. BORROWER
AGREES TO THE TERMS OF THE NOTE AND ACKNOWLEDGES RECEIPT OF COMPLETED COPY OF
THE NOTE.

BORROWER:

QAD ORTEGA HILL, LLC, A Delaware Limited Liability Company, d/b/a QAD OH, LLC
in California

By: /s/ Barry Anderson
    -----------------------------------
    Barry R. Anderson, Manager

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

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