LEASE AGREEMENT



         This Agreement, Made the 19th day of March Two Thousand and Three

(2003), by and between 9 Portland Partners (hereinafter called Lessor), of the

one part, and Nocopi Technologies, Inc. (hereinafter called Lessee), of the

other part.



         Witnesseth that: Lessor does hereby demise and let unto Lessee all that

certain 5000 square feet industrial space also known as Unit "C", having the

measurements of approx. 50 ft x 100 ft. and containing a tailgate and drive-in

load doors. The premises is situate at 9 Portland Road, West Conshohocken, PA

19428, in the Borough of West Conshohocken (See Exhibit "A") in the County of

Montgomery State of Pennsylvania, to be used and occupied as office, warehouse,

and distribution and blending of water soluble inks and for no other purpose,

for the term of Five (5) years beginning the first day of April, Two Thousand

and Three (2003), and ending the Thirty-first of March, Two Thousand and Eight

(2008), for the minimum total rental of One Hundred and Eighty Two Thousand

Eight Hundred and One (Dollars) ($182,801.00), lawful money of the United States

of America, payable in monthly installments in advance during the same term of

this lease, or any renewal hereof, in sums of



 - - - - - - - - - - -SEE PARAGRAPHS 30 & 31 OF ADDENDUM - - - - - - - - - - - -



Dollars ($__________) on the _________________ day of each month, rent to begin

from the _______________ day of _______________, _____, the first installment to

be paid at the time of signing this lease.



         Addendum to Lease Agreement and Exhibits "A" & "B" are attached hereto

and made a part hereof.



         If Lessor is unable to give Lessee possession of the demised premises,

as herein provided, by reason of the holding over of a previous occupant, or by

reason of any cause beyond the control of the Lessor, the Lessor shall not be

liable in damages to the Lessee therefore, and during the period that the Lessor

is unable to give possession, all rights and remedies of both parties hereunder

shall be suspended.



         (a) Lessee agrees to pay as rent in addition to the minimum rental

herein reserved any and all sums which may become due by reason of the failure

of Lessee to comply with all the covenants of this lease and pay any and all

damages, costs and expenses which the Lessor may suffer or incur by reason of

any default of the Lessee or failure on his part to comply with the covenants of

this Lease, and each of them, and also any and all damages of the demised

premises caused by any act or neglect of the Lessee.



         (b) Lessee further agrees to pay as rent in addition to the minimum

rental herein reserved all taxes assessed or imposed upon the demised premises

and/or the building of which the demised premises is a part during the term of

this lease, [in excess of and over and above those assessed or imposed at the

time of making this lease.] The amount due hereunder on account of such taxes

shall be apportioned for that part of the first and last calendar years covered

by the term hereof. [The same shall be paid by Lessee to Lessor on or before the

first day of July of each and every year.]



{PAGE}



         (c) Lessee further agrees to pay to Lessor as additional rent all

increase or increases in fire insurance premiums upon the demised premises

and/or the building of which the demised premises is a part, due to an increase

in the rate of fire insurance in excess of the rate on the demised premises at

the time of making this lease, if said increase is caused by any act or neglect

of the Lessee or the nature of the Lessee's business.



         (d) Lessee further agrees to pay as additional rent, if there is a

metered water connection to the said premises, all charges for water consumed

upon the demised premises in excess of the yearly minimum meter charge and all

charges for repairs to the said meter or meters on the premises, whether such

repairs are made necessary by ordinary wear and tear, freezing, hot water,

accident or other causes, immediately when the same become due.



         (e) Lessee further agrees to pay as additional rent, if there is a

metered water connection to said premises, all sewer rental or charges for use

of sewers, sewage system, and sewage treatment works servicing the demised

premises in excess of the yearly minimum of such sewer charges, immediately when

the same become due.



         All rents shall be payable without prior notice or demand at the office

of the Lessee in 1926 Stone Ridge Lane, Villanova, PA 19085 or at such other

place as Lessor may from time to time designate by notice in writing.



         Lessee covenants and agrees that he will without demand



         (a) Pay the rent and all other charges herein reserved as rent on the

days and times and at the place that the same are made payable, without fail,

and if Lessor shall at any time or times accept said rent or rent charges after

the same shall have become due and payable, such acceptance shall not excuse

delay upon subsequent occasions, or constitute or be construed as a waiver of

any of Lessor's rights. Lessee agrees that any charge or payment herein

reserved, included or agreed to be treated or collected as rent and/or any other

charges or taxes, expenses, or costs herein agreed to be paid by the Lessee may

be proceeded for and recovered by the Lessor by distraint or other process in

the same manner as rent due and in arrears.



         (b) Keep the demised premises clean and free from all ashes, dirt and

other refuse matter; replace all glass windows, doors, etc., broken; keep all

waste and drain pipes open, repair all damage to plumbing and to the premises in

general; keep the same in good order and repair as they now are, reasonably wear

and tear and damage by accidental fire or other casualty not occurring through

negligence of Lessee or those employed by or acting for Lessee alone excepted.

The Lessee agrees to surrender the demised premises in the same condition in

which Lessee has herein agreed to keep the same during the continuance of this

Lease.



         (c) Comply with any requirements of any of the constituted public

authorities, and with the terms of any State or Federal statute or local

ordinance or regulation applicable to Lessee or his use of the demised premises,

and save Lessor harmless from penalties, fines, costs or damages resulting from

failure to do so.

{PAGE}



         (d) Use every reasonable precaution against fire.



         (e) Comply with rules and regulations of Lessor promulgated as

hereinafter defined.



         (f) Peaceably deliver up and surrender possession of the demised

premises to the Lessor at the expiration or sooner termination of this lease,

promptly delivering to Lessor at his office all keys for the demised premises.



         (g) Give to Lessor prompt written notice of any accident, fire, or

damage occurring on or to the demised premises.



         [(h) Lessee shall be responsible for the condition of the pavement,

curb, cellar doors, awnings and other erections in the pavement during the term

of this lease; shall keep the pavement free from snow and ice; and shall be and

hereby agrees that Lessee is solely liable for any accidents, due or alleged to

be due to their defective condition, or to any accumulations of snow and ice.]



         (i) The Lessee agrees that if, with the permission in writing of

Lessor, Lessee shall vacate or decide at any time during the term of this lease,

or any renewal thereof, to vacate the herein demised premises prior to the

expiration of this lease, or any renewal hereof, Lessee will not cause or allow

any other agent to represent Lessee in any sub-letting or reletting of the

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