Document:

<PAGE>

                                                                  Exhibit 10.19

                                 June 8, 1999

Glenn D. Bolduc
21 Derby Lane
Tyngsboro, MA

Dear Glenn:

     This letter is intended to confirm our mutual understanding and agreement
with respect to your transition from the position of President and Chief
Executive Officer of Vialog Corporation (the "Company" or "Vialog") to new
employment.  In order to assist you in this transition and in recognition for
your past services, we would like to offer to you the following separation terms
and benefits.

     1.   Severance Date.  Your last day of employment will be Wednesday, June
          --------------
30, 1999 (the "Severance Date").  Except as provided elsewhere in this letter,
your employment benefits will cease in accordance with the terms of the specific
benefit plans at issue on the Severance Date.  Notice of your rights with
respect to continuation of health and dental benefits and unemployment will be
provided under separate cover.

     2.   Salary Continuation.  Vialog will provide you with severance payments
          -------------------
at your present base salary for a period of eighteen (18) months from July 1,
1999, through December 31, 2000, (the "Severance Period"), less all lawful
withholdings and deductions.  The severance payments will be made in accordance
with Vialog's regular pay schedule.

     3.   Vacation; Car Allowance.  Vialog will compensate you for all accrued
          -----------------------
unused vacation leave as of your Severance Date.  You will not continue to
accrue vacation after the Severance Date.  Vialog will continue to provide you
with a monthly car allowance in the amount of one thousand dollars ($1,000)
during the Severance Period.

     4.   Medical and Dental Insurance Benefit Continuation.  Your medical and
          -------------------------------------------------
dental group coverage will be continued until June 30, 1999.  After this date,
you may elect to continue your group medical and dental coverage under the terms
of COBRA.  If you do choose to continue your benefits under the terms of COBRA,
the Company will reimburse you for the cost of continuation coverage through the
Severance Period or such time as you obtain alternate coverage.
<PAGE>

Glenn D. Bolduc
June 8, 1999
Page 2

     5.   Stock Options.  The Board of Directors has voted to accelerate the
          -------------
vesting schedule of certain Incentive Stock Options ("ISO") previously granted
to you; specifically, the ISO for 75,000 shares dated October 14, 1997, and the
ISO dated October 29, 1998, for 40,000 shares are now fully vested.
Notwithstanding the foregoing, this letter agreement is not intended to alter or
restrict any rights or benefits you have accrued under the Company's stock
option plan; rather, your rights will continue to be governed by the terms of
your stock option agreements.

     6.   Company Property.  You acknowledge that you have returned to the
          ----------------
Company all property of the Company.  For purposes of this Section, "property of
the Company" includes, but is not limited to, automobiles, keys, corporate
credit cards, equipment, books, supplies, computer programs, computers,
originals and copies of all corporate documents, including financial records and
information, and any other materials, whether prepared by you or by others, but
excludes anything owned by you individually.  Notwithstanding the foregoing, the
Company agrees to transfer ownership to you of the personal computer provided to
you by the Company, provided, however, that all files, programs and information
relating to the Company have been permanently transferred to the Company or
permanently removed.

     7.   Limited Release and Waiver.  In consideration of the payment to you of
          --------------------------
salary continuation and in consideration of the other additional benefits
described in this letter agreement, you hereby agree to release and forever
discharge the Company and its affiliates or subsidiaries, and all of its or its
affiliates' or its subsidiaries' past and present officers, directors,
stockholders, managers, supervisors, employees, agents and attorneys, whether
directly or indirectly, and whether individually or in their official capacities
(collectively, the "Releasees") from any and all debts, actions, causes of
action, damages and any and all claims, demands and liabilities as limited
below, whether directly or indirectly, personally or derivatively through
others, and whether known or unknown to, or suspected or unsuspected by the
Employee (collectively, the "Claims"), both in law and in equity.

     This release of Claims is limited to all claims under Title VII of the
Civil Rights Act of 1964, as amended, 42 U.S.C. (S)2000e, et seq., Chapter 151B
of the Massachusetts General Laws, the Massachusetts Civil Rights Act, M.G.L. c.
12, (S)(S)11H-11I, the Age Discrimination in Employment Act, and any other claim
under any other state or federal discrimination law which you may have against
the Releasees as of the date of this Agreement, or ever had against the
Releasees from the beginning of the world through the execution date of this
Agreement, including any charge alleging prohibited discrimination, or any claim
of emotional distress in connection with your employment, or separation from
employment, with the Company.

     In further consideration of the terms and conditions herein, you agree to
waive the right to assert any claim, cause of action, complaint or other action
against the Releasees in any forum arising
<PAGE>

Glenn D. Bolduc
June 8, 1999
Page 3

out of your separation from employment with the Company, and you agree to waive
any right of reemployment.

     This release and waiver does not apply to any claims arising after the
execution date of this letter agreement.

     8.   Confidentiality.  You agree to maintain the terms of this letter
          ---------------
agreement in strict confidence, and you agree not to release or divulge either
orally or in writing any of the terms to any person, firm or entity, with the
exception of your spouse, your attorney, your accountant, or management
personnel of Vialog, or as may be required by law.

     9.   Opportunity to Consult Counsel; Effective Date.  You acknowledge that
          ----------------------------------------------
you have been given a reasonable period of at least twenty-one (21) days in
which to consider this letter agreement.

     You represent that you have read carefully and fully understand the terms
of this letter agreement.

     You acknowledge that you have been advised to and, to the extent that you
have wished to do so, have consulted counsel of your choice prior to signing
this letter agreement.

     You represent that you have read this letter agreement and understand it
and that you are entering into this letter agreement freely and voluntarily.

     You will have up to seven (7) days following your signing of this letter
agreement to revoke your acceptance by so notifying Vialog in writing.  This
letter agreement will take effect on the eighth (8/th/) day following your
signing of it, which date will be the Effective Date.

     10.  Non-Competition.  You acknowledge that any agreements entered into by
          ---------------
you with Vialog relating to non-competition, restrictive covenants, and
confidential and/or proprietary information remain in full force and effect and
survive your separation from employment.

     11.  Protection of Good Name.  You agree that you will not in any way
          -----------------------
disparage or harm the name or reputation of Vialog, or its past or present
officers, directors, employees, agents or attorneys, in either their personal or
official capacities, either directly or indirectly or otherwise portray any of
the foregoing in a negative manner.  Similarly, Vialog agrees that its past or
present officers, directors, agents and attorneys will not in any way disparage
or harm your name in either a personal or official capacity, either directly or
indirectly or otherwise portray you in a negative manner.  Additionally, Vialog
will cooperate with you in the preparation of a mutually agreeable public
statement regarding your transition to new employment.
<PAGE>

Glenn D. Bolduc
June 8, 1999
Page 4

     12.  Complete Agreement.  Except as otherwise contemplated by this letter
          ------------------
agreement and a Consulting Agreement between Vialog and you dated June __, 1999,
this letter agreement represents the complete agreement between you and Vialog
regarding your employment and separation of employment and supersedes any prior
and contemporaneous agreements, whether oral or written.

     13.  Severability.  Any provision of this letter agreement or attachments,
          ------------
if any, which is found to be prohibited or unenforceable will be treated as
ineffective only to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof.

     14.  Interpretation of Agreement.  If any dispute regarding the
          ---------------------------
interpretation or application of this letter agreement arises, you agree that it
will be interpreted and construed for all purposes under the internal laws of
the Commonwealth of Massachusetts. All disputes arising under or out of this
letter agreement will be brought in courts of competent jurisdiction located
within the Commonwealth of Massachusetts.

     If this letter agreement correctly sets forth our agreement with respect to
the foregoing matters, please so indicate by signing below.

                                    Sincerely yours,

                                    VIALOG CORPORATION

                                    By:    /s/ David L. Lougee
                                        -------------------------
                                    David L. Lougee, Director

Agreed to and Accepted:

       /s/ Glenn D. Bolduc
--------------------------
Glenn D. Bolduc

Date:  June 14, 1999
      --------------<PAGE>
                                                                   Exhibit 10.12

                       FIRST LOAN MODIFICATION AGREEMENT

      The First Loan Modification Agreement is entered into as of ________,
2000, by and between SEACHANGE INTERNATIONAL, INC., a Delaware corporation with
its principal place of business at 124 Acton Street, Maynard, Massachusetts
("Borrower"), and SILICON VALLEY BANK, a California-chartered bank ("Lender"),
with its principal place of business at 3003 Tasman Drive, Santa Clara, CA
95054 and with a loan production office located at Wellesley Office Park, 40
William Street, Suite 350, Wellesley, MA 02481, doing business under the name
"Silicon Valley East."

1.    DESCRIPTION OF EXISTING INDEBTEDNESS. Among other indebtedness which may
      ------------------------------------
be owing by Borrower to Lender, Borrower is indebted to Lender pursuant to,
among other documents, a Loan and Security Agreement dated November 10, 1998 (as
may be amended, the "Loan Agreement"). Capitalized terms used but not otherwise
defined herein shall have the same meaning as in the Loan Agreement.

Hereinafter, all indebtedness owing by Borrower to Lender shall be referred to
as the "Indebtedness".

2.    DESCRIPTION OF COLLATERAL AND GUARANTIES. Repayment of the Indebtedness is
      -----------------------------------------
secured by the Collateral as described in the Loan Agreement (together with any
other collateral security granted to Lender, the "Security Documents").

Hereinafter, the Security Documents, together with all other documents
evidencing or securing the Indebtedness shall be referred to as the "Existing
Loan Documents".

3.    DESCRIPTION OF CHANGE IN TERMS.
      -------------------------------

      A.  Modification(s) to Loan Agreement.
          ----------------------------------

             1. The Loan Agreement shall be amended by deleting the following
                definition for Committed Equipment Line:

                "Committed Equipment Line" means a credit extension of up to
                Three Million Dollars ($3,000,000.00).

                and substituting therefor the following:

                "Committed Equipment Line" means a credit extension of up to
                Three Million Dollars ($3,000,000.00) for Equipment Line No. 1,
                and Equipment Line No. 2, plus Two Million Dollars
                ($2,000,000.00) for Equipment Line No. 3.

             2. The Loan Agreement shall be amended by inserting into Section
                1.1, the following definitions:

                "Equipment Line No. 1" has the meaning set forth in Section
                2.1.2.

                "Equipment Line No. 2" has the meaning set forth in Section
                2.1.2.

                "Equipment Line No. 3" has the meaning set forth in Section
                2.1.2.

                "Equipment Availability End Date No. 3" has the meaning set
                forth in Section 2.1.2.

<PAGE>

                "Equipment Maturity Date No. 3" means March 31, 2003.

             3. The Loan Agreement shall be amended by deleting the following
                Section 2.1.2:

                "2.1.2 Equipment Advances.
                       ------------------

                (a)    Subject to and upon the terms and conditions of
                       this Agreement, Bank agrees to make advances (each an
                       "Equipment Advance" and collectively, the "Equipment
                       Advances") to Borrower: (i) in one advance to take place
                                                      ---
                       at any time after the Closing Date through thirty (30)
                       days after the Closing Date (the "Equipment Availability
                       End Date No. 1") in the aggregate outstanding amount not
                       to exceed Two Million Dollars ($2,000,000.00) (the
                       "Equipment Line No. 1"), and (ii) at any time and from
                       time to time from the Equipment Availability End Date No.
                       1 through June 30, 1999 (the "Equipment Availability End
                       Date No. 2") in the aggregate outstanding amount not to
                       exceed Three Million Dollars ($3,000,000.00) less the
                                                                    ----
                       cumulative Equipment Advances made under Equipment Line
                       No. 1 (the "Equipment Line No. 2"). To evidence the
                       Equipment Advances, Borrower shall deliver to Bank, at
                       the time of each Equipment Advance request, an invoice
                       for the equipment to be purchased or refinanced.
                       Equipment Advance requests under Equipment Line No. 1
                       shall only be permitted for Equipment purchased between
                       July 2, 1997 and June 30, 1998. Equipment Advance
                       requests under Equipment Line No. 2 shall only be
                       permitted for Equipment purchased between July 1, 1998
                       and June 30, 1999. The Equipment Advances shall be used
                       only to purchase or refinance Equipment and shall not
                       exceed: (i) eighty percent (80.0%) of the invoice amount
                       on such equipment, including software, approved from time
                       to time by Bank under Equipment Line No. 1, and (ii) one
                       hundred percent (100%) of the invoice amount on such
                       equipment, including software, approved from time to time
                       by Bank in accordance with its standard commercial
                       practices under Equipment Line No. 2, each of (i) and
                       (ii) excluding taxes, shipping, warranty charges, freight
                       discounts, and installation expense.

                (b)    Interest shall accrue from the date of each
                       Equipment Advance at the per annum rate of one percent
                       (1.0%) above the Prime Rate and shall be payable monthly
                       on the Payment Date of each month. Any equipment Advances
                       made pursuant to the Equipment Line No. 1 that are
                       outstanding on the Equipment Availability End Date No. 1
                       will be payable in Thirty (30) equal monthly installments
                       of principal, plus all accrued interest, beginning on the
                       Payment Date of the month following Equipment
                       Availability End Date No. 1 and ending on the Equipment
                       Maturity Date No. 1. Any Equipment Advances made pursuant
                       to the Equipment Line No. 2 that are outstanding on the
                       Equipment Availability End Date No. 2 will be payable in
                       Thirty-Six (36) equal monthly installments of principal,
                       plus all accrued interest, beginning on the Payment Date
                       of the month following Equipment Availability End Date
                       No. 2 and ending on the Equipment Maturity Date No. 2.
                       Equipment Advances, once repaid, may not be reborrowed.

                                      2-

<PAGE>

                (c)    When Borrower desires to obtain an Equipment Advance,
                       Borrower shall notify Bank (which notice shall be
                       irrevocable) by facsimile transmission to be received no
                       later than 3:00 p.m. Eastern time one (1) Business Day
                       before the day on which the Equipment Advance is to be
                       made. Such notice shall be substantially in the form of
                       Exhibit B. The notice shall be signed by a Responsible
                       Officer or its designee and include a copy of the invoice
                       for the Equipment to be financed."

                and substituting therefor the following:

                "2.1.2 Equipment Advances.
                       -------------------

                (a)    Subject to and upon the terms and conditions of this
                       Agreement, Bank agrees to make advances (each an
                       "Equipment Advance" and collectively, the "Equipment
                       Advances") to Borrower: (i) in once advance to take place
                                                      ----
                       days after the Closing Date (the "Equipment Availability
                       End Date No. 1") in the aggregate outstanding amount not
                       to exceed Two Million Dollars ($2,000,000.00) (the
                       "Equipment Line No. 1"), and (ii) at any time and from
                       time to time from the Equipment Availability End Date No.
                       1 through June 30, 1999 (the "Equipment Availability End
                       Date No. 2") in the aggregate outstanding amount not to
                       exceed Three Million Dollars ($3,000,000.00) less the
                                                                    ----
                       cumulative Equipment Advances made under Equipment Line
                       No. 1 (the "Equipment Line No. 2"), and (iii) at any time
                       and from time to time from March 13, 2000 through March
                       31, 2000 (the "Equipment Availability End Date No. 3") in
                       the aggregate outstanding amount not to exceed Two
                       Million Dollars ($2,000,000.00) (the "Equipment Line No.
                       3"). To evidence the Equipment Advances, Borrower shall
                       deliver to Bank, at the time of each Equipment Advance
                       request, an invoice for the equipment to be purchased or
                       refinanced. Equipment Advance requests under Equipment
                       Line No. 1 shall only be permitted for Equipment
                       purchased between July 2, 1997 and June 30, 1998.
                       Equipment Advance requests under Equipment Line No. 2
                       shall only be permitted for Equipment purchased between
                       July 1, 1998 and June 30, 1999. Equipment Advance
                       requests under Equipment Line No. 3 shall be used only
                       for Equipment purchased through March 31, 2000. The
                       Equipment Advances shall be used only to purchase or
                       refinance Equipment and shall not exceed: (i) eighty
                       percent (80.0%) of the invoice amount on such equipment,
                       including software, approved from time to time by Bank
                       under Equipment Line No. 1, and (ii) one hundred percent
                       (100%) of the invoice amount on such equipment, including
                       software, approved from time to time by Bank in
                       accordance with its standard commercial practices under
                       Equipment Line No. 2, and Equipment Line No. 3, each of
                       (i) and (ii) excluding taxes, shipping, warrant charges,
                       freight discounts, and installation expense.

                (b)    Interest shall accrue from the date of each Equipment
                       Advance at the per annum rate of: (i) for Equipment Line
                       No. 1, and Equipment Line No. 2, one percent (1.0%) above
                       the Prime Rate, and (ii) for Equipment Line No. 3, at one
                       half of one percent (.50%) above the Prime Rate. Interest
                       shall be payable monthly on the Payment Date of each
                       month. Any Equipment

                                      3-

<PAGE>

                       Advances made pursuant to the Equipment Line No. 1 that
                       are outstanding on the Equipment Availability End Date
                       No. 1 will be payable in Thirty (30) equal monthly
                       installments of principal, plus all accrued interest,
                       beginning on the Payment Date of the month following
                       Equipment Availability End Date No. 1 and ending on the
                       Equipment Maturity Date No. 1. Any Equipment Advances
                       made pursuant to the Equipment Line No. 2 that are
                       outstanding on the Equipment Availability End Date No. 2
                       will be payable in Thirty-Six (36) equal monthly
                       installments of principal, plus all accrued interest,
                       beginning on the Payment Date of the month following
                       Equipment Availability End Date No. 2 and ending on the
                       Equipment Maturity Date No. 2. Any Equipment Advances
                       made pursuant to the Equipment Line No. 3 that are
                       outstanding on the Equipment Availability End Date No. 3
                       will be payable in Thirty-Six (36) equal monthly
                       installments of principal, plus all accrued interest,
                       beginning on the Payment Date of the month following
                       Equipment Availability End Date No. 3 and ending on the
                       Equipment Maturity Date No. 3. Equipment Advances, once
                       repaid, may not be reborrowed.

                (c)    When Borrower desires to obtain an Equipment Advance,
                       Borrower shall notify bank (which notice shall be
                       irrevocable) by facsimile transmission to be received no
                       later than 3:00 p.m. Eastern time one (1) Business Day
                       before the day on which the Equipment Advance is to be
                       made. Such notice shall be substantially in the form of
                       Exhibit B. The notice shall be signed by a Responsible
                       Officer or its designee and include a copy of the invoice
                       for the Equipment to be financed."

         2.     The Loan Agreement shall be amended by deleting the following in
                Section 6.3:

                "6.3 Financial Statements, Reports, Certificates. Borrower shall
                     -------------------------------------------
                deliver to Bank: (a) as soon as available, but in any event
                within forty-five (45) days after the end of each quarter, a
                company prepared consolidated balance sheet and income statement
                covering Borrower's consolidated operations during such period,
                in a form and certified by an officer of Borrower reasonably
                acceptable to Bank; (b) as soon as available, but in any event
                within thirty (30) days after the end of each month, a company
                prepared consolidated revenue and expense statement covering
                Borrower's consolidated operations during such period, in form
                reasonably acceptable to Bank; (c) as soon as available, but in
                any event within ninety (90) days after the end of Borrower's
                fiscal year, audited consolidated financial statements of
                Borrower prepared in accordance with GAAP, consistently applied,
                together with an unqualified opinion on such financial
                statements of an independent certified public accounting firm
                reasonably acceptable to Bank; (d) promptly upon receipt of
                notice thereof, a report of any legal actions pending or
                threatened against Borrower or any Subsidiary that could result
                in damages or costs to Borrower or any Subsidiary of Two Hundred
                Fifty Thousand Dollars ($250,000) or more; (e) prompt notice of
                any material change in the composition of the Intellectual
                Property Collateral, including, but not limited to, any
                subsequent ownership right of the Borrower in or to any
                Copyright, Patent or Trademark not specified in any intellectual
                property security agreement between Borrower and Bank or
                knowledge of an event other than information that is publicly
                available and applicable generally to Borrower's business
                practices and industry that materially adversely affects the
                value of the Intellectual

                                      4-

<PAGE>

                Property Collateral; and (f) such budgets, sales projections,
                operating plans or other financial information as Bank may
                reasonably request from time to time.

                Within twenty (20) days after the last day of each month,
                Borrower shall deliver to Bank a Borrowing Base Certificate
                signed by a Responsible Officer in substantially the form of
                Exhibit C hereto, together with aged listings of accounts
                receivable.

                Within forty-five (45) days after the last day of each quarter,
                Borrower shall deliver to Bank with the quarterly financial
                statements a Compliance Certificate signed by a Responsible
                Officer in substantially the form of Exhibit D hereto.

                Bank shall have a right from time to time hereafter to audit
                Borrower's Accounts at Borrower's expense, provided that such
                audits will be conducted no more often than every six (6) months
                unless an Event of Default has occurred and is continuing."

                and inserting in lieu thereof the following:

                "6.3 Financial Statements, Reports, Certificates. Borrower shall
                deliver to Bank: (a) as soon as available, but in any event
                within forty-five (45) days after the end of each quarter, a
                company prepared consolidated balance sheet and income statement
                covering Borrower's consolidated operations during such period,
                in a form and certified by an officer of Borrower reasonably
                acceptable to Bank; (b) as soon as available, but in any event
                within thirty (30) days after the end of each month, a company
                prepared consolidated revenue and expense statement covering
                Borrower's consolidated operations during such period, in form
                reasonably acceptable to Bank; (c) as soon as available, but in
                any event within one hundred twenty (120) days after the end of
                Borrower's fiscal year, audited consolidated financial
                statements of Borrower prepared in accordance with GAAP,
                consistently applied, together with an unqualified opinion on
                such financial statements of an independent certified public
                accounting firm reasonably acceptable to Bank; (d) promptly upon
                receipt of notice thereof, a report of any legal actions pending
                or threatened against Borrower or any Subsidiary that could
                result in damages or costs to Borrower or any Subsidiary of Two
                Hundred Fifty Thousand Dollars ($250,000) or more; (e) prompt
                notice of any material change in the composition of the
                Intellectual Property Collateral, including, but not limited to,
                any subsequent ownership right of the Borrower in or to any
                Copyright, Patent or Trademark not specified in any intellectual
                property security agreement between Borrower and Bank or
                knowledge of an event other than information that is publicly
                available and applicable generally to Borrower's business
                practices and industry that materially adversely effects the
                value of the Intellectual Property Collateral; and (f) such
                budgets, sales projections, operating plans or other financial
                information as Bank may reasonably request from time to time.

                Within twenty (20) days after the last day of each month,
                Borrower shall deliver to Bank a Borrowing Base Certificate
                signed by a Responsible Officer in substantially the form of
                Exhibit C hereto, together with aged listings of accounts
                receivable.

                Within forty-five (45) days after the last day of each quarter,
                Borrower shall deliver to Bank with quarterly financial
                statements a Compliance Certificate signed by a Responsible
                Officer in substantially the form of Exhibit D hereto.

                                      5-

<PAGE>

                Bank shall have a right from time to time hereafter to audit
                Borrower's Accounts at Borrower's expense, provided that such
                audits will be conducted no more often than every six (6) months
                unless an Event of Default has occurred and is continuing."

       3.       The Loan Agreement shall be amended by deleting the following
                financial covenants appearing as Sections 6.8 through 6.12:

                "6.8 Quick Ratio. Borrower shall maintain, measured as of the
                last day of each quarter, a ratio of Quick Assets to Current
                Liabilities of at least 0.75 to 1.0.

                6.9 Tangible Net Worth. Borrower shall maintain, measured as of
                the last day of each quarter, a Tangible Net Worth of not less
                than: (i) Twenty Nine Million Dollars ($29,000,000.00) as of the
                last day of the quarter ending September 30, 1998; and (ii)
                Twenty-Eight Million Five Hundred Thousand Dollars
                ($28,500,000.00) as of the last day of each calendar quarter
                thereafter.

                6.10 Debt-Net Worth Ratio. Borrower shall maintain, measured as
                of the last day of each quarter, a ratio of Total Liabilities to
                Tangible Net Worth of not greater than 0.80 to 1.0.

                6.11 Profitability. Borrower shall maintain, measured as of the
                last day of each quarter: (i) a maximum net loss of One Million
                Five Hundred Thousand Dollars ($1,500,000.00) as of the last day
                of the third quarter of 1998; (ii) a maximum net loss of One
                Million Dollars ($1,000,000.00) as of the last day of the fourth
                quarter of 1998; and (iii) a profit for each quarter commencing
                with the first quarter of Borrower's fiscal year 1999 with an
                allowance for one quarterly loss during such fiscal year of no
                greater than Two Hundred Fifty Thousand Dollars ($250,000.00).

                6.12 Debt Service Coverage Ratio. Beginning with the last day of
                the first quarter following the Debt Service Coverage Event,
                Borrower shall maintain, measured as of the last day of each
                quarter, a Debt Service Coverage Ratio of 1.50 to 1.0."

                and substituting the following:

                "6.8 [Intentionally Deleted]

                6.9 [Intentionally Deleted]

                6.10 Quick Ratio. Borrower shall maintain, measured as of the
                last day of each quarter, a ratio of Quick Assets to Current
                Liabilities of at least 1.0 to 1.0.

                6.11 Tangible Net Worth. Borrower shall maintain, measured as of
                the last day of each quarter, a Tangible Net Worth of not less
                than Thirty Million ($30,000,000.00) as of the month ending
                December 31, 1999, and as of the last day of each month
                thereafter.

                6.12 Profitability. Borrower shall maintain, measured as of the
                last day of each quarter: (i) a profit of One Hundred Thousand
                Dollars ($100,000.00) as of the last day of the first quarter of
                fiscal year 2000; (ii) a profit of Two Hundred Thousand

                                      6-

<PAGE>
                Dollars ($200,000.00) as of the last day of the second and third
                quarters of fiscal year 2000; and (iii) a profit of Three
                Hundred Thousand Dollars ($300,000.00) as of the last day of the
                fourth quarter of fiscal year 2000, with an allowance for one
                quarterly loss during such fiscal year of no greater than One
                Hundred Thousand Dollars ($100,000.00). Notwithstanding the
                foregoing, the Borrower shall maintain a profit for fiscal year
                2000 of Eight Hundred Thousand Dollars ($800,000.00)."

2. CONSISTENT CHANGES. The Existing Loan Documents are hereby amended wherever
necessary to reflect the changes described above.

3. RATIFICATION OF LOAN DOCUMENTS. Borrower hereby ratifies, confirms, and
reaffirms all terms and conditions of all security or other collateral granted
to the Lender, and confirms that the indebtedness secured thereby includes,
without limitation, the Indebtedness.

4. NO DEFENSES OF BORROWER. Borrower agrees that, as of this date, it has no
defenses against the obligations to pay any amounts under the Indebtedness.

5. CONTINUING VALIDITY. Borrower understands and agrees that in modifying the
existing Indebtedness, Lender is relying upon Borrower's representations,
warranties, and agreements, as set forth in the Existing Loan Documents. Except
as expressly modified pursuant to this Loan Modification Agreement, the terms of
the Existing Loan Documents remain unchanged and in full force and effect.
Lender's agreement to modifications to the existing Indebtedness pursuant to
this Loan Modification Agreement in no way shall obligate Lender to make any
future modifications to the Indebtedness. Nothing in this Loan Modification
Agreement shall constitute a satisfaction of the Indebtedness. It is the
intention of Lender and Borrower to retain as liable parties all makers and
endorsers of Existing Loan Documents, unless the party is expressly released by
Lender in writing. No maker, endorser, or guarantor will be released by virtue
of this Loan Modification Agreement. The terms of this Paragraph apply not only
to this Loan Modification Agreement, but also to all subsequent loan
modification agreements.

6. JURISDICTION/VENUE. Borrower accepts for itself and in connection with its
properties, unconditionally, the non-exclusive jurisdiction of any state or
federal court of competent jurisdiction in the Commonwealth of Massachusetts in
any action, suit, or proceeding of any kind against it which arises out of or by
reason of this Loan Modification Agreement; provided, however, that if for any
reason Lender cannot avail itself of the courts of the Commonwealth of
Massachusetts, then venue shall lie in Santa Clara County, California.

7. COUNTERSIGNATURE. This Loan Modification Agreement shall become effective
only when it shall have been executed by Borrower and Lender (provided, however,
in no event shall this Loan Modification Agreement become effective until signed
by an officer of Lender in California).

                                      7-

<PAGE>

     This Loan Modification Agreement is executed as of the date first written
above.

BORROWER:                              LENDER:

SEACHANGE INTERNATIONAL, INC.          SILICON VALLEY BANK, doing business as
                                       SILICON VALLEY EAST

By: /s/ WL FIEDLER                     By:
   ----------------------------           -----------------------------
Name:  WL FIEDLER                      Name:
     --------------------------             ---------------------------
Title: Vice President                  Title:
      -------------------------              --------------------------

                                       SILICON VALLEY BANK

                                       By:
                                          -----------------------------
                                       Name:
                                            ---------------------------
                                       Title:
                                             --------------------------

                                      -8-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00005-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00005-of-00352.parquet"}]]