Document:

ex10-8.htm

    EXHIBIT
      10.8

    

    

    EXECUTION
      VERSION

     

    

    Letter
      Agreement

    

    December
      24, 2007

     

    India
      Globalization Capital, Inc.

    4336
      Montgomery Ave.

    Bethesda,
      Maryland 20814

     

    Re:
      Registration Rights; Stock Escrow

     

    Ladies
      and Gentlemen:

     

     

    Reference
      is made to that certain Note Purchase Agreement, dated as of the dated hereof
      (the “Purchase Agreement”), pursuant to which Dr. Ranga Krishna (“Krishna”) may
      receive, upon the conditions specified in the Purchase Agreement, 446,226 shares
      of common stock of the Company (the “Shares”). Reference is also made to the
      Registration Rights Agreement, dated March 8, 2005 by and among the Company
      and
      Krishna (“Registration Rights Agreement”).

     

    Krishna
      and the Company hereby agree that the definition of “Registrable Securities” in
      the Registration Rights Agreement is hereby amended to include the Shares and,
      accordingly, such shares are eligible for registration under the Securities
      Act
      of 1933, as amended, in accordance with the terms and conditions of the
      Registration Rights Agreement.

     

    All
      other
      terms and conditions of the Registration Rights Agreement shall remain unchanged
      and in full force and effect.   

     

     

    IN
      WITNESS WHEREOF the parties have executed this letter agreement to be effective
      on the date and year first above written.

     

    
      
        	
                
                

                INDIA
                  GLOBALIZATION CAPITAL, INC.

                
                

              	
                
                

                DR.
                  RANGA KRISHNA

                
                

              
	
                By:
                  ______________________________

              	
                ______________________________

              
	
                Name:
                  Ram Mukunda

              	 
	
                Title:
                  Chief Executive Officerex10-9.htm

    EXHIBIT
      10.9

    

    

    

    EXECUTION
      VERSION

     

    

    Letter
      Agreement

    

    December
      24, 2007

     

    India
      Globalization Capital, Inc.

    4336
      Montgomery Ave.

    Bethesda,
      Maryland 20814

     

    Re:
      Registration Rights; Stock Escrow

     

    Ladies
      and Gentlemen:

     

    Reference
      is made to that certain Note Purchase Agreement, dated as of the dated hereof
      (the “Purchase Agreement”), pursuant to which Oliveira Capital, LLC (“Oliveira”)
      may receive, upon the conditions specified in the Purchase Agreement, 103,774
      shares of common stock of the Company (the “Shares”). Reference is also made to
      the Registration Rights Agreement, dated February 5, 2007 by and among the
      Company and Oliveira (“Registration Rights Agreement”).

     

    Oliveira
      and the Company hereby agree that the definition of “Registrable Securities” in
      the Registration Rights Agreement is hereby amended to include the Shares and,
      accordingly, such shares are eligible for registration under the Securities
      Act
      of 1933, as amended, in accordance with the terms and conditions of the
      Registration Rights Agreement.

     

    All
      other
      terms and conditions of the Registration Rights Agreement shall remain unchanged
      and in full force and effect.   

     

     

    IN
      WITNESS WHEREOF the parties have executed this letter agreement to be effective
      on the date and year first above written.

     

     

    
      
        	
                
                

                INDIA
                  GLOBALIZATION CAPITAL, INC.

                
                

              	
                
                

                OLIVEIRA
                  CAPITAL, LLC

                
                

              
	
                By:
                  ______________________________

              	
                By:_____________________________

              
	
                Name:
                  Ram Mukunda

              	
                Name:

              
	
                Title:
                  Chief Executive Officer

              	
                Title:<PAGE>

                                                                Exhibit 10(e)(7)

                              EMPLOYMENT AGREEMENT

         EMPLOYMENT  AGREEMENT  made as of the 26th day of December 2007, by and
between  COVER-ALL  TECHNOLOGIES  INC., a Delaware  corporation (the "COMPANY"),
having its principal  office at 55 Lane Road,  Fairfield,  New Jersey 07004, and
JOHN ROBLIN,  currently residing at 71 Spring Hill Road,  Annandale,  New Jersey
08801 (the "EXECUTIVE").

                              W I T N E S S E T H :
                              - - - - - - - - - -

         WHEREAS,  pursuant to an employment agreement,  dated December 31, 2006
as amended, the Executive has served as the Chairman of the Board, President and
Chief Executive Officer of the Company; and

         WHEREAS,  the  Company  and the  Executive  desire  that the  Executive
continue to be employed by the Company as Chairman of the Board,  President  and
Chief  Executive  Officer of the Company on and after  January 1, 2008 under the
terms of this Agreement, as provided herein.

         NOW, THEREFORE, in consideration of the mutual covenants and agreements
set forth herein, the parties agree as follows:

         1.  EMPLOYMENT.  The Company,  effective as of January 1, 2008,  hereby
agrees to continue to employ the  Executive as Chairman of the Board,  President
and Chief  Executive  Officer of the Company,  and the Executive  hereby accepts
such  employment,  all upon and subject to the terms and conditions  hereinafter
set forth.

         2.       TERM.

                  (a) The term of employment under this Agreement shall commence
as of January 1, 2008 (the  "EFFECTIVE  DATE") and shall  continue in full force
and effect until December 31, 2009 (the "EMPLOYMENT  TERM"),  subject to earlier
termination as provided in Section 2(b) hereof.

                  (b) Notwithstanding  the foregoing,  each of the Executive and
the  Company  may,  at  their  respective  option,   terminate  the  Executive's
employment  hereunder at any time, with or without reason or cause, upon written
notice to the other party.

         3.       DUTIES.

                  (a) The  Executive  will render his services to the Company as
Chairman of the Board,  President and Chief Executive  Officer and shall perform
such duties and services of such office or position. In addition,  the Executive
will hold such other offices and  directorships  in the Company or any parent or
subsidiary  of the  Company to which,  from time to time,  he may be  reasonably
appointed or elected.

                  (b)  Except  as  otherwise  provided  herein  and  except  for
illness,  permitted  vacation periods and permitted leaves of absence consistent
with the past practice of the

<PAGE>

Company or as otherwise  approved by the Board, the Executive agrees that during
the term of his  employment  hereunder,  he shall devote all of his full working
time and attention,  and give his best effort, skill and abilities,  exclusively
to the business and interests of the Company.

         4.       COMPENSATION; BENEFITS.

                  (a) SALARY. In consideration of the services to be rendered by
the Executive hereunder, including, without limitation, any services rendered by
him as an officer  or  director  of the  Company or any  parent,  subsidiary  or
affiliate of the Company,  the Company agrees to pay to the  Executive,  and the
Executive agrees to accept as compensation, an annual salary (the "BASE SALARY")
of $325,000,  payable in equal  bi-weekly  installments  in accordance  with the
Company's normal payroll policies.  The Executive's Base Salary shall be subject
to all applicable withholding and other taxes.

                  (b) BONUS.  In addition to the payment of the Base Salary,  as
provided for  hereunder,  the Company shall pay the Executive a bonus based upon
the financial  performance of the Company (the "PERFORMANCE BONUS") in an amount
equal to the  product of the  Performance  Factor (as  defined  herein)  and the
Executive's Base Salary as in effect at that time; PROVIDED,  HOWEVER,  that the
Performance Bonus shall be paid only to the extent  sufficient  amounts exist in
the Performance  Pool (as defined in the Cover-All  Employee  Incentive Plan) in
such year.

For the purposes hereof:

         "PERFORMANCE  FACTOR"  shall mean the sum of (a) the Growth  Factor (as
defined herein) and (b) the Profit Factor (as defined herein).

         "GROWTH  FACTOR"  shall  mean  the  product  of (a) the  fraction,  the
numerator  of which  shall be the actual  revenues of the Company for such year,
and the denominator of which shall be the Targeted Revenues (as defined herein),
and (b) the Growth Weight (as defined herein).

         "PROFIT  FACTOR"  shall  mean  the  product  of (a) the  fraction,  the
numerator  of which shall be the actual net income  (before  taxes and  employee
bonuses) of the Company for such year, and the denominator of which shall be the
Targeted Net Income (as defined herein),  and (b) the Profits Weight (as defined
herein).

         "TARGETED  REVENUES"  shall  have the  value set  forth on  SCHEDULE  A
hereto.

         "GROWTH WEIGHT" shall have the value set forth on SCHEDULE A hereto.

         "TARGETED  NET  INCOME"  shall  have the value set forth on  SCHEDULE A
hereto.

         "PROFITS WEIGHT" shall have the value set forth on SCHEDULE A hereto.

For the purposes  hereof,  each of revenues,  net income and  Performance  Bonus
shall be  determined by and set forth in a  certificate  of the Company's  Chief
Financial Officer,  and shall be based upon the books and records of the Company
and  calculated in accordance  with  generally  accepted  accounting  principles
consistently applied. Such certificate shall be final and

                                       -2-
<PAGE>

binding on the parties hereto. The Executive's  Performance Bonus, if any, shall
be paid no later than the earlier of (x) the fifth  business  day after the date
of the filing by the Company with the Securities and Exchange  Commission of its
audited  financial  statements  in its Form 10-K Annual  Report and (y) December
31st of the  calendar  year  following  the fiscal  year for which such bonus is
computed.

                  (c)      EQUITY INTERESTS.

                           (i)      OPTIONS.  Upon  the  Effective  Date,  the
Company shall grant the Executive  five-year incentive stock options to purchase
such number of shares (the  "OPTIONS") of the Company's  common stock,  $.01 par
value per share (the "COMMON STOCK"),  granted at a price per share equal to the
fair market value of such shares as of the date of grant,  equal to (x) $100,000
DIVIDED BY (y) the fair market value of a share of the Company's Common Stock on
the date of grant,  which will vest on January 1, 2009, in  accordance  with and
subject  to the terms and  conditions  set forth in the  Company's  Amended  and
Restated 2005 Stock  Incentive  Plan and a stock option  agreement to be entered
into by and between the Company and the Executive.

                           (ii)     RESTRICTED  SHARES. Upon the Effective Date,
the Company shall grant the  Executive  150,000  shares of the Company's  Common
Stock (the  "RESTRICTED  SHARES"),  which  will vest as to 75,000  shares on the
Effective  Date and as to 75,000 shares on January 1, 2009,  in accordance  with
and subject to the terms and conditions  set forth in the Company's  Amended and
Restated 2005 Stock Incentive Plan and a restricted  stock grant agreement to be
entered into by and between the Company and the  Executive.  In connection  with
the grant of the Restricted  Shares,  the Executive shall make an election prior
to January  30,  2008 to  include  in gross  income on the date of the grant the
value of the  Restricted  Shares on such date  pursuant  to  Section  83(b) (the
"SECTION 83(B) ELECTION") of the Internal Revenue Code of 1986, as amended. Upon
receipt of evidence from the Executive  that the Section 83(b) Election has been
timely  made,  the Company  shall pay the  Executive  an amount  (the  "GROSS-UP
PAYMENT")  equal  to his  federal,  state  and  local  income  and  payroll  tax
withholding  obligations  with  respect  to (i) the  fair  market  value  of the
Restricted  Shares,  as of the date of grant, and (ii) the income required to be
recognized  by the  Executive  as a result of the payment by the Company of such
withholding  obligations,  in each case based on withholding rates determined by
the Company in its discretion and in compliance  with  applicable  law. At least
thirty days before the Executive's  due date for 2008 federal income taxes,  the
Executive  shall  provide a  certificate  to the Company in which the  Executive
shall represent to the Company the Executive's  highest marginal income tax rate
applicable to his actual  income with respect to each of his federal,  state and
local income taxes for 2008.  If the  Executive  fails to make the Section 83(b)
Election in a timely  manner,  the Company  shall have no obligation to make any
Gross-Up Payment.

                  (d) BENEFITS.  During the Employment Term, the Executive shall
be entitled to the following benefits:

                      (i)    twenty  (20) days of  annual  paid  vacation  time,
in accordance with the Company's policies; and

                      (ii)   participation,   subject  to   qualification    and
participation  requirements,   in  medical,  life  or  other  insurance  or
hospitalization plans and any pension,  profit

                                       -3-
<PAGE>

sharing  or other  employee  benefit  plans,  presently  in effect or  hereafter
instituted  by  the  Company  and  applicable  to  its  officers  and  executive
employees.

                  (e) COMPANY CAR.  During the  Employment  Term,  the Executive
shall be entitled to the use of the Company automobile of the Executive's choice
for business purposes,  the cost of such automobile shall not exceed $75,000. In
addition,  the Company shall reimburse the Executive,  upon the  presentation of
appropriate  receipts,  for all  maintenance  and repair  costs  incurred by the
Executive in connection with the use of such automobile. Upon any termination of
the employment of the Executive for any reason, including upon the expiration of
this  Agreement,  the  Executive  shall  have the right,  exercisable  within 10
business days following the end of the Severance  Period (as defined below),  to
purchase from the Company the  automobile  at a price equal to its  then-current
book value (as on the Company's books).

                  (f)   REIMBURSEMENT  OF  EXPENSES.   The  Executive  shall  be
reimbursed for reasonable  and necessary  expenses  incurred by the Executive in
performing  his  employment  hereunder,  provided such  expenses are  adequately
documented in accordance with the Companies policies.

         5. PAYMENTS UPON  TERMINATION  AND SEVERANCE.  If the employment of the
Executive is terminated  for any reason,  including  upon the expiration of this
Agreement,  the  Company  shall have no  further  obligations  to the  Executive
hereunder after the date of termination other than the payment or provision,  as
applicable,  to the  Executive of (w) accrued and unpaid Base Salary and accrued
and unused vacation days, through the date of such termination, (x) the pro rata
portion of the bonus  payment set forth in Section 4(b)  hereof,  based upon the
number of days the Executive was employed  during the Company's  fiscal year for
which such bonus is  computed,  to the extent  the  numerical  requirements  are
actually met for the fiscal year in question, which shall be payable at the same
time such  bonus  would  have been  paid  under  Section  4(b)  hereof,  (y) any
unreimbursed business expenses of the Executive that are otherwise  reimbursable
hereunder,  and (z) as  severance,  for a period of six  months  following  such
termination (the "SEVERANCE PERIOD"),  (i) the Base Salary payable in accordance
with the Company's payroll policies, and (ii) the benefits set forth in Sections
4(d)(ii) and 4(e) hereof.  This provision  shall not preclude the Executive from
claiming  or  obtaining  such  disability  benefits  to which he may be entitled
pursuant to any plan  maintained by the Company for disability  incurred  during
the period of his employment by the Company.

         6.       OWNERSHIP OF INTELLECTUAL PROPERTY.

                 (a) The  Executive  recognizes and agrees that all  copyrights,
trademarks or other intellectual property rights to created works arising in any
way from, or related to, the Executive's  employment by the Company are the sole
and exclusive  property of the Company,  and Executive  agrees to not assert any
rights to those works  against the  Company or any  third-parties  and agrees to
assist the  Company in any way  requested  to procure or protect  the  Company's
rights to those works.

                 (b) For purposes of  this Section 6 and the  following  Section
7, the term "Company" shall mean and include any and all  subsidiaries,  parents
and affiliated corporations or entities of the Company in existence from time to
time during the Employment Term.

                                       -4-
<PAGE>

         7.      NON-DISCLOSURE OF CONFIDENTIAL INFORMATION AND NON-COMPETITION.

                  (a) The Executive represents that he has been informed that it
is the  policy of the  Company  to  maintain  as  secret  and  confidential  all
information  relating to (i) the computer software,  products,  processes and/or
other  information  proprietary  to the  Company  and  (ii)  the  customers  and
employees of the Company ("CONFIDENTIAL INFORMATION"), and the Executive further
acknowledges that such Confidential Information is of great value to the Company
and is the property of the Company.  The parties  recognize that the services to
be performed by the Executive are special and unique, and that by reason of this
employment  by  the  Company,  he  will  acquire  Confidential   Information  as
aforesaid.  The parties  confirm that to protect the Company's  goodwill,  it is
reasonably  necessary that the Executive  agree,  and  accordingly the Executive
does  hereby  agree,  that he will not  directly  or  indirectly  (except  where
authorized by the Board for the benefit of the Company):

                           A.       at any time during his employment  hereunder
or after he ceases to be employed by the Company,  divulge to any persons, firms
or corporations other than the Company (hereinafter  referred to collectively as
"THIRD  PARTIES"),  or use, or cause to authorize  any Third Parties to use, any
such Confidential  Information,  except to the extent that any such Confidential
Information  (i)  is  required  to be  disclosed  by  the  Executive  under  any
applicable laws, regulations or directives of any government agency, tribunal or
authority  having  jurisdiction in the matter or under subpoena or other process
of law, (ii) becomes generally  available to the public,  other than as a result
of a breach by the  Executive of this Section 7, or (iii)  becomes  available to
the Executive on a non-confidential  basis from a source other than the Company,
or any of its affiliates or advisors; provided, that such source is not known by
the  Executive  to be  bound  by a  confidentiality  agreement  with,  or  other
obligation of secrecy to, the Company or another party; or

                           B.       at any time during his employment  hereunder
and for a period of six (6) months after he ceases to be employed by the Company
(the  "RESTRICTED  PERIOD"),   solicit  or  cause  or  authorize,   directly  or
indirectly, to be solicited for employment, for or on behalf of himself or Third
Parties,  any persons  who were at any time  within six (6) months  prior to the
cessation of his  employment  hereunder,  employees  of the  Company;  PROVIDED,
HOWEVER, that this paragraph B shall not apply to or include persons who respond
to any general public advertisement or job posting; or

                           C.       at any time during his employment  hereunder
and during the  Restricted  Period,  employ or cause or  authorize,  directly or
indirectly,  to be employed,  for or on behalf of himself or Third Parties,  any
such employees of the Company;  PROVIDED,  HOWEVER,  that this paragraph C shall
not apply to or include persons who respond to any general public  advertisement
or job posting; or

                           D.       at any time during his employment hereunder,
accept  employment  with or  participate,  directly  or  indirectly,  as  owner,
stockholder,  director,  officer, manager,  consultant or agent or otherwise use
his special,  unique or  extraordinary  skills or knowledge  with respect to the
business  of the  Company  or of any  affiliate  of the  Company  in or with any
business, firm, corporation,  partnership,  association, venture or other entity
or person which is

                                       -5-
<PAGE>

engaged in the business of designing,  developing or providing software services
to the property and casualty  insurance  industry,  except that this paragraph D
shall not be  construed to prohibit  the  Executive  from owning up to 5% of the
securities of a corporation  which are publicly traded on a national  securities
exchange  or in  the  over-the-counter  market  or  from  being  employed  by an
insurance or other  company  which may design and market  software  provided the
designing and marketing of software is not a predominant  and principal  part of
the business of such other company or concern; or

                           E.       at any time during his employment hereunder,
solicit or cause or authorize,  directly or indirectly,  to be solicited, for or
on behalf of himself or Third  Parties,  any business with respect to designing,
developing or providing software services to the property and casualty insurance
industry from Third Parties who were, at any time within six (6) months prior to
the  cessation of his  employment  hereunder,  customers of the Company for such
business; or

                           F.       at any time during his employment hereunder,
accept or cause or authorize,  directly or indirectly, to be accepted, for or on
behalf of himself or Third Parties,  any such business from any customers of the
Company.

                  (b) The Executive agrees that he will not, at any time, remove
from the Company's premises any confidential Company drawings,  notebooks,  data
and other  documents  and  materials  relating to the  business  and  procedures
heretofore or hereafter  acquired,  developed and/or used by the Company without
prior  written  consent  of the Board,  except as  reasonably  necessary  to the
discharge of his duties hereunder.

                  (c) The  Executive  agrees that,  upon the  expiration of this
employment by the Company for any reason,  he shall forthwith  deliver up to the
Company any and all documents,  books, manuals, lists, records,  publications or
other materials  which contains  Confidential  Information,  whether in written,
electronic  or other form,  passwords,  key,  credit  cards,  equipment or other
articles  that came into the  Executive's  possession  or under his  control  in
connection  with the  Executive's  employment  by the Company and to maintain no
copies or duplicates without the prior written approval of the Board.

                  (d) The Executive agrees that any breach or threatened  breach
by him of any provision of this Section 7 shall entitle the Company, in addition
to any other legal remedies  available to it, to apply to any court of competent
jurisdiction to enjoin such breach or threatened  breach. The parties understand
and intend that each restriction agreed to by the Executive hereinabove shall be
construed as separable and divisible from every other restriction,  and that the
unenforceability, in whole or in part, of any other restriction, will not effect
the enforceability of the remaining  restrictions and that one or more or all of
such  restrictions  may be  enforced  in whole  or in part as the  circumstances
warrant.  No waiver  of any one  breach of the  restrictions  contained  in this
Section 7 shall be deemed a waiver of any future breach.

                  (e)  The  Executive  hereby  acknowledges  that  he  is  fully
cognizant  of the  restrictions  put  upon him by this  Section  7, and that the
provisions of this Section 7 shall survive the termination of this Agreement and
his employment with the Company.

                                       -6-
<PAGE>

         8. MUTUAL NON-DISPARAGEMENT. The Executive and the Company agree not to
make any  statement,  written or verbal,  to any party  reasonably  likely to be
harmful to the other party or to be injurious  to the  goodwill,  reputation  or
business  standing  of the  other  party  at any time in the  future;  PROVIDED,
HOWEVER, that this non-disparagement  clause shall not preclude any party or his
or its agents or  representatives  from any good faith response to any inquiries
under oath or in response to governmental inquiry.

         9. MUTUAL  RELEASE OF CLAIMS.  The  Executive  and the Company agree to
deliver the Mutual Release in the form attached  hereto as EXHIBIT A on or prior
to the date the  Executive's  employment  is  terminated  pursuant  to Section 5
hereof.

         10. LIFE INSURANCE. The Executive agrees that the Company may apply for
and purchase one or more life insurance policies on the life of the Executive in
such amount or amounts as the Company  deems  appropriate.  The Company shall be
the sole  beneficiary  of such  insurance  policy or policies and the  Executive
hereby  acknowledges that the Company has an insurable interest in his life. The
Executive agrees to cooperate with the Company in obtaining any insurance on the
life or on the  disability of the Executive  which the Company may desire obtain
for its own benefit and shall undergo such physical and other examinations,  and
shall  execute any consents or  applications,  which the Company may  reasonably
request  in  connection  with  the  issuance  of one or more  of such  insurance
policies.  The Company hereby agrees to cancel such life  insurance  policy with
respect to the Executive  immediately  upon the  termination  of his  employment
hereunder.

         11. NOTICES.  All notices,  requests,  demands or other  communications
hereunder shall be deemed to have been given if delivered in writing  personally
or by certified  mail to each party at the address set forth  below,  or at such
other address as each party may designate in writing to the other:

                           If to the Company:

                           Cover-All Technologies Inc.
                           55 Lane Road
                           Fairfield, New Jersey 07004
                           Attention:  Chairman

                           With a copy to:

                           DLA Piper US LLP
                           1251 Avenue of the Americas
                           New York, New York  10020
                           Attention:  David E. Weiss, Esq.

                           If to the Executive:

                           John Roblin
                           71 Spring Hill Road
                           Annandale, New Jersey 08801

                                       -7-
<PAGE>

         12. ENTIRE AGREEMENT.  This Agreement contains the entire understanding
of the parties with respect to the subject matter  hereof,  supersedes any prior
agreement between the parties,  and may not be changed or terminated  orally. No
change, termination or attempted waiver of any of the provisions hereof shall be
binding  unless in  writing  and  signed by the party  against  whom the same is
sought to be enforced.  No provision  hereof shall be construed  against a party
because that provision or any other provision was drafted by or at the direction
of such party.

         13.  SECTION  409A.  This  Agreement  is  intended to comply  with,  or
otherwise be exempt from,  Section 409A of the Internal Revenue Code of 1986, as
amended (the "CODE"),  and any  regulations  and Treasury  guidance  promulgated
thereunder.

                  (a) The Company shall undertake to administer,  interpret, and
construe  this  Agreement in a manner that does not result in the  imposition on
the Executive of any additional tax, penalty,  or interest under Section 409A of
the Code.

                  (b) If the Company determines in good faith that any provision
of this Agreement would cause the Executive to incur an additional tax, penalty,
or interest under Section 409A of the Code, the  Compensation  Committee and the
Executive shall use reasonable efforts to reform such provision, if possible, in
a mutually  agreeable fashion to maintain to the maximum extent  practicable the
original intent of the applicable  provision without violating the provisions of
Section 409A of the Code.

                  (c) The preceding provisions,  however, shall not be construed
as a guarantee by the Company of any  particular  tax effect to Executive  under
this  Agreement.  The Company  shall not be liable to Executive  for any payment
made under this  Agreement,  at the  direction or with the consent of Executive,
that is determined to result in an additional  tax,  penalty,  or interest under
Section 409A of the Code, nor for reporting in good faith any payment made under
this Agreement as an amount includible in gross income under Section 409A of the
Code.

                  (d) For purposes of Section  409A of the Code,  the right to a
series of installment  payments under this Agreement shall be treated as a right
to a series of separate payments.

                  (e) With respect to any  reimbursement  of expenses of, or any
provision  of  in-kind  benefits  to, the  Executive,  as  specified  under this
Agreement, such reimbursement of expenses or provision of in-kind benefits shall
be  subject  to  the  following  conditions:   (1)  the  expenses  eligible  for
reimbursement  or the amount of in-kind  benefits  provided in one taxable  year
shall not  affect  the  expenses  eligible  for  reimbursement  or the amount of
in-kind  benefits  provided in any other  taxable  year,  except for any medical
reimbursement  arrangement  providing for the reimbursement of expenses referred
to in Section 105(b) of the Code; (2) the  reimbursement  of an eligible expense
shall be made no later  than the end of the year  after  the year in which  such
expense was incurred;  and (3) the right to  reimbursement  or in-kind  benefits
shall not be subject to liquidation or exchange for another benefit.

                  (f)  "Termination  of employment,"  "resignation"  or words of
similar import, as used in this Agreement, means for purposes of Section 409A of
the  Code  the  date  as of  which

                                       -8-
<PAGE>

the Company and the Executive  reasonably  anticipate  that no further  services
will be performed by the  Executive  and shall be construed as the date that the
Executive first incurs a "separation  from service" for purposes of Section 409A
of the Code.

                  (g) If a payment  obligation  under this  Agreement  arises on
account of the  Executive's  separation  from service  while the  Executive is a
"specified  employee" (as defined under Section 409A of the Code and  determined
in  good  faith  by  the  Compensation  Committee),  any  payment  of  "deferred
compensation"  (as defined under  Treasury  Regulation  Section  1.409A-1(b)(1),
after  giving  effect  to  the  exemptions  in  Treasury   Regulation   Sections
1.409A-1(b)(3)  through (b)(12)) shall accrue without interest and shall be made
within 15 days after the end of the  six-month  period  beginning on the date of
such  termination  of  employment  or,  if  earlier,  within  15 days  after the
appointment of the personal representative or executor of the Executive's estate
following his death.

         14.  SUCCESSORS  AND  ASSIGNS.  This  Agreement  shall be binding  upon
and shall inure to the benefit of the respective heirs,  legal  representatives,
successors and assigns of the parties hereto.

         15.  SEVERABILITY.  In the event that any one or more of the provisions
of this  Agreement  shall be declared to be illegal or  unenforceable  under any
law, rule or regulation of any government  having  jurisdiction over the parties
hereto,  such illegality or  unenforceability  shall not affect the validity and
enforceability of the other provisions of this Agreement.

         16.  COUNTERPARTS.  This  Agreement  may be  executed  in  one or  more
counterparts,  each of  which  shall be  deemed  an  original,  but all of which
together shall constitute one and the same instrument.

         17.  GOVERNING   LAW.   All  matters   concerning   the   validity  and
interpretation  of the performance under this Agreement shall be governed by the
laws of the State of New Jersey,  whose courts or the federal  courts located in
the District of New Jersey shall have exclusive jurisdiction over the parties to
which they consent.

                            [signature page follows]

                                       -9-
<PAGE>

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

                                COVER-ALL TECHNOLOGIES INC.

                                By:       /s/ Ann F. Massey
                                     -------------------------------------------
                                     Name:  Ann F. Massey
                                     Title: CFO

                                          /s/ John Roblin
                                ------------------------------------------------
                                John Roblin

                                      -10-
<PAGE>

                                    EXHIBIT A

                                 MUTUAL RELEASE

         WHEREAS,  John Roblin ("ROBLIN") was a party to an Employment Agreement
dated as of  December  ___,  2007 (the  "Employment  Agreement")  by and between
Roblin and Cover-All  Technologies  Inc., a Delaware  corporation (the "COMPANY"
and, together with Roblin, the "PARTIES");

         WHEREAS, Roblin and the Company are parties to that certain Convertible
Loan Agreement and related convertible debentures, dated as of June 28, 2001, as
amended (collectively, the "CONVERTIBLE DEBENTURES"); and

         WHEREAS,  the Parties  desire to resolve any potential  disputes  which
exist or may exist arising out of Roblin's  employment  with the Company  and/or
termination thereof.

         NOW, THEREFORE,  for good and valuable  consideration,  the receipt and
sufficiency  of which are hereby  acknowledged,  the Company and Roblin agree as
follows:

         1.  Except  with  respect  to Claims  (as  defined  below)  arising  in
connection  with the  rights  and  obligations  arising  out of the  Convertible
Debentures,  the Company does hereby  irrevocably  release and forever discharge
Roblin and his heirs, executors,  personal  representatives,  agents, successors
and  assigns,  to the  full  extent  permitted  by law,  of and from any and all
actions,  causes of  action,  suits,  controversies,  liabilities,  obligations,
proceedings,  claims,  damages, costs and demands of every kind and nature, both
in law and in equity, whether known or unknown (collectively,  "CLAIMS"),  which
the Company now has,  has had or may in the future  have,  for and on account of
any matter or thing,  from the  beginning of time to and  including  the date of
this Mutual Release.

         2. Except with respect to Claims arising in connection  with the rights
and obligations  arising out of the Convertible  Debentures,  Roblin does hereby
irrevocably  release and forever  discharge the Company and its  successors  and
assigns,  to the full  extent  permitted  by law, of and from any and all Claims
which Roblin now has,  has had or may in the future have,  for and on account of
any matter or thing,  from the  beginning of time to and  including  the date of
this Mutual Release.

         3. Except with respect to Claims arising in connection  with the rights
and  obligations  arising out of the  Convertible  Debentures,  this  release is
intended  by the Parties to be all  encompassing  and to act as a full and total
release of any Claims,  whether  specifically  numerated herein or not, that the
Parties may have or have had against each other, including,  but not limited to,
any claims  arising  from any federal or state law or  regulation  dealing  with
either  employment,  employment  benefits or employment  discrimination  such as
those laws or regulations concerning discrimination on the basis of race, color,
creed,  religion,  age, sex, sexual  harassment,  sexual  orientation,  national
origin, ancestry, handicap or disability, veteran status or any military service
or application  for military  service,  including  without  limitation,  the Age
Discrimination  in  Employment  Act,  as  amended by the Older  Workers  Benefit
Protection Act ("ADEA"),  Title VII of the Civil Rights Act of 1964, as amended,
the Americans  with

                                      -11-
<PAGE>

Disabilities  Act, the Family and Medical Leave Act and the Employee  Retirement
Income Security Act; any contract,  whether oral or written, express or implied;
any tort; any claim for equity or other benefits;  or any other statutory and/or
common law claim.

         4.  Each  Party  hereby  declares  that  it or he has  carefully  read,
reviewed  and  understood  the terms of this  Mutual  Release  and that it or he
voluntarily accepts the terms hereof with the purpose of making a full and final
compromise, adjustment and release of any and all Claims as provided herein.

         5. Roblin represents and acknowledges as follows:

                  (a) That he has been  and is  hereby  advised  in  writing  to
consult with an attorney prior to signing this Release;

                  (b) That he does not waive  rights  or  claims  that may arise
after the date this Release is executed;

                  (c) That the Company has  provided him with a period of twenty
one (21) days within  which to consider  this Release  under the ADEA,  and that
Roblin has signed on the date indicated below after concluding that this Release
is satisfactory to him; and

                  (d) That  upon  execution  of this  Release,  the  Company  is
providing  him with seven (7)  additional  days from such date of  execution  to
revoke his  consent to the waiver of his rights  under the ADEA,  and if no such
revocation  occurs,  Roblin's  waiver of  rights  under  the ADEA  shall  become
effective seven days form the date Roblin executes this Release.

         6. This  Mutual  Release  shall be governed by the laws of the State of
New Jersey applicable to instruments  executed and to be performed wholly within
that state.

         7. This Mutual Release may be executed in one or more counterparts, and
in both original form or one or more photocopies,  each of which shall be deemed
to be an original but all of which  together  shall be deemed to constitute  one
and the same instrument.

         IN WITNESS WHEREOF, each of the parties hereto has executed this Mutual
Release this __ day of __________, 20__.

                                         COVER-ALL TECHNOLOGIES INC.

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

                                         ---------------------------------------
                                         JOHN ROBLIN

                                      -12-

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