L E A S E A G R E E M E N T
COUNTY OF WAKE
THIS LEASE AGREEMENT dated the 7th day of November, 2003, and entered into between REGENCY
PARK CORPORATION, a North Carolina corporation having its principal place of business in Cary, North
Carolina (the "Landlord"), and Level 8 Systems, Inc. a New York corporation having its principal place of
business in Cary, North Carolina (the "Tenant").
W I T N E S S E T H:
The following definitions shall be deemed to control herein.
ADDITIONAL RENT: Any adjustments to Annual Rental and other sums due Landlord from Tenant.
BASE OPERATING EXPENSES: Means Operating Expenses for the Operating Year ending November 30,
2001, which amount shall be as certified by Landlord's auditors.
BASE REAL ESTATE TAXES: Means the lesser of:
a. the real estate taxes levied or imposed for the tax year ending December 31, 2003, which amount shall be as
certified by Landlord's auditors; or
b. such lesser amount as may be fixed, settled, and compromised, consented to, or determined as a result of
contestation or otherwise.
BUILDING: 8000 Regency Parkway located in Cary, North Carolina.
LEASE: This Lease Agreement with all Exhibits and Riders attached thereto.
LEASE YEAR: As used herein (i) shall mean each and every 12-month period during the term of this Lease, or
(ii) (in the event of Lease expiration or termination) shall mean the period between the last 12-month period and
said expiration or termination. The first such 12-month period shall commence on the 1st day of October, 2003,
and end on the 30th day of September, 2004.
OPERATING EXPENSES: The Landlord's cost of operating the Building and Property as more particularly
described in Exhibit E attached hereto and made a part hereof by this reference.
OPERATING YEAR: Means a year commencing on December 1, and terminating on November 30, provided
that Landlord shall be permitted at any time and from time to time to change the commencement and termination