Document:

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                                                                    EXHIBIT 10.8
                                                                    ------------

                              SEPARATION AGREEMENT

         This Separation Agreement ("Agreement"), dated this 16th day of October
2001, is entered into by and between Jeffrey G. Korn ("Korn") and
ProsoftTraining.com ("Company").

WHEREAS: Korn has an employment agreement with the Company with an effective
date of May 15, 2000.

WHEREAS: The Company and Korn wish to terminate that employment agreement in
order to allow the Company to reduce expenses effective October 31, 2001. The
reason for the separation is not for "cause" as defined in the employment
agreement.

WHEREAS: As part of the employment agreement Korn has he is entitled to thirty
days notice of termination and a cash settlement.

WHEREAS: Korn is entitled upon termination of his status of employment to
immediate vesting of all unvested options to purchase common stock of the
Company.

WHEREAS: Korn is entitled to other remedies under the employment contract.

WHEREAS: The parties wish to enter into an agreement to alter and modify the
remedies and compensation due to Korn on termination of the employment agreement
and to create new rights and remedies including a Consultant Agreement.

WHEREAS: The parties wish to memorialize the agreed terms and obligations on
Separation.

         NOW THEREFORE, in consideration of the payments set forth below and
the mutual promises contained herein, the parties agree as follows:

          1.   Payment of Salary and Vacation. The Company agrees to pay to Korn
               ------------------------------
               all wages due through the last day of employment, including
               accrued and unused vacation time.

          2.   Payment of Settlement. In addition, and in consideration for this
               ---------------------
               Agreement, the Company agrees to pay Korn separation benefits
               consisting of cash compensation of $ 103,125, payable 10% on
               December 1, 2000, 40% on January 1, 2001, 35% on February 1, 2001
               and 15% on May 1, 2001. The Company will also pay additional
               compensation consisting of Common Stock of ProsoftTraining.com
               (NASDAQ, POSO) equaling $ 75,000 worth of stock issued on the
               date this agreement is executed. The Company agrees to pay all
               taxes resulting from the issuance of the securities. The issuance
               of the Stock is subject to a resolution from the Board of
               Directors of the Company authorizing the issuance of shares of
               stock as part of this settlement.

          3.   Registration of Stock Securities. The Company shall prepare and
               --------------------------------
               file a registration statement covering the Stock Securities
               issued to Korn as well as all other outstanding stock issued by
               the Company as set forth in section 2 above, and shall use its
               best efforts to cause each such registration statement to become
               and remain effective prior to January 11, 2002, and in any event
               the Company agrees to register such shares in the next
               registration statement issued by the Company.

                                       1

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          4.   Lock up of stock, and terms under which Stock Options may be
               ------------------------------------------------------------
               exercised. Korn agrees that he shall limit his sale of any of the
               ---------
               common stock issued as set forth in section 2 above so as to sell
               no more than 20% of the total amount of stock granted in any one
               calendar month. Korn shall have an affirmative obligation to
               notify the Company within ten (10) days of having sold any stock.
               Korn agrees that he shall not exercise and sell more than 10% of
               the total vested options as set forth in section 7 below in any
               one calendar month during the first twelve months following the
               effective date of this Agreement, and no more than 20% of the
               total vested options in any one calendar month during the
               thirteenth through eighteenth months following the effective date
               of this Agreement. This provision shall be of no further effect
               after the eighteenth month following the effective date of this
               Agreement or if there has been a change of control of the Company
               as defined in the Consultant Agreement. In addition if the
               Company terminates the Consultant Agreement referenced herein
               this provision shall be of no further effect, nothing herein
               however shall be construed to release Korn from thee restrictions
               on the sale of stock and the exercise of options if he terminates
               the Consultant Agreement.

          5.   Unpaid Expenses. The Company agrees to pay Korn all business
               ---------------
               expenses incurred by Korn during his employment for which he is
               entitled.

          6.   Consultant Agreement. As further consideration, the Company
               --------------------
               agrees to enter into a consulting agreement with Korn for two
               years, commencing November 1, 2001, in a form substantially
               similar to the draft agreement attached hereto as Exhibit "A".

          7.   Vesting of Rights to Purchase Common Stock of the Company. The
               ---------------------------------------------------------
               Company agrees that Korn has either previously vested, or vested
               as a consequence of the termination of the employment agreement
               the following options: 35,000 options at a strike price of $1.15
               (which is the net of original grants at $1.15 less options
               exercised) 10,000 at a strike price of $3.00 and 200,000 options
               granted on June 15, 2001 at a strike price of $1.25. Korn as part
               of this settlement agrees to waive and disclaim any interest
               whatsoever to the following options, which are also vested: 6,125
               granted on 4/17/00 at a strike price of $11.00, and 133,875
               options granted on 6/15/01 with a strike price of $8.813. Korn
               further disclaims and releases any rights he may have to any
               additional options awarded to him by the Compensation Committee
               on June 15, 2001. The Company agrees that it will treat the
               vested options, which Korn has with the most favorable treatment
               it gives to current employees or Directors, provided however this
               shall only apply if such treatment shall have a non-material
               impact on the Profit and Loss for the Company.

          8.   Benefits. The Company agrees to continue to provide to Korn the
               --------
               same PPO (Health) and DMO (Dental) insurance, which is provided
               to current employees for a period not to exceed two years. Korn
               will pay the then current standard employee contribution for said
               insurance. The Company shall not be obligated to provide
               insurance once Korn has accepted full time employment and is
               eligible for coverage under a policy that is substantially
               similar under that employer's policy.

          9.   Computer Equipment. Company is to transfer title to the Laptop
               ------------------
               Computer and associated equipment and software, which Korn is
               currently using as an employee of the Company.

          10.  Outplacement Assistance. Company agrees to pay Outplacement
               -----------------------
               Assistance, which Korn may request in an amount not to exceed
               $2,000.00. Such fee(s) shall be paid directly to the provider(s).

                                        2

<PAGE>

          11.  General Release. In consideration of the above payments by
               ---------------
               Company and other valuable consideration, Korn for himself and
               his heirs, assigns, and personal representatives agree upon
               payment of all consideration required herein to forever waive and
               release any and all claims, demands, rights, causes of action, or
               grievances of any kind or character which he may have accrued
               pursuant to common law, federal law, state laws including without
               limitation any and all anti-discrimination statutes, laws and
               ordinances, and local laws and regulations. Korn realizes there
               are many laws and regulations prohibiting employment
               discrimination pursuant to which he may have rights or claims.
               These include Title VII of the Civil Rights Act of 1964, as
               amended; the Age Discrimination in Employment Act of 1967, as
               amended; The Americans with Disabilities Act, as amended; the
               National Labor Relations Act, as amended; 42 U.S. C. 1981; and
               the state human rights laws. Korn also understands that there are
               other statutes and laws of contract and tort otherwise related to
               his employment. Korn intends to waive and release any rights he
               may have under these other laws. Said release shall run to and be
               in favor of, and shall forever protect Company, and its parent
               and subsidiaries, as well as all officers, directors, and agents
               of Company and its parent and subsidiaries. Said release shall be
               a general full and complete waiver and shall be applicable to any
               and all such claims, demands, rights, wages, benefits,
               employment, causes of action, or grievances, whether claims for
               psychic injuries or any other injuries, which may be brought
               before an administrative agency, a court, a tribunal, an
               arbitrator, or otherwise, whether in law or equity, contract, or
               tort, and which are related, directly or indirectly, to Korn's
               employment or the termination of employment with Company. In
               turn, Company hereby releases Korn, as well as his heirs,
               assigns, and personal representatives, from any and all claims,
               which are related, directly or indirectly, to Korn's employment.
               A copy of the Mutual General Release is attached hereto as
               Exhibit "B". The Release shall not be deemed to be effective
               against Korn if the Company fails to make the payments due
               hereunder.

          12.  Disparagement. Each party agrees not to defame or in any way
               -------------
               disparage the other. Korn agrees not to engage in any activities
               which may be detrimental, directly or indirectly, to the
               interests of Company, whether such interests be property,
               reputation, or otherwise.

          13.  Confidential Information. Korn acknowledges that during the term
               ------------------------
               of his employment with Company, Company disclosed confidential
               information to Korn, which Company deems to be valuable and
               proprietary. "Confidential information" as used herein shall mean
               any information of or about Company (or Company's clients or
               customers, or the customers' or any vendors), which has been
               disclosed to Korn or made available to him, which is not publicly
               available and which is maintained by Company in confidence.
               Confidential Information shall include information of or about
               Company in both oral and written form, which is maintained by
               Company in confidence including, but not limited to, information
               about Company's finances, personnel, products, clients, or
               strategic plans. Korn agrees not to make public or disclose any
               Confidential Information, except as expressly permitted in
               writing by Company. Korn agrees that in the event of any
               violation or threatened violation of this Agreement, monetary
               damages would provide an inadequate remedy so that Korn agrees,
               in addition to all other rights provided by law, that Company
               shall have the right to seek an injunction or equivalent remedy
               issued against the Korn to prevent violations or further
               violations of this provision. This provision shall not be binding
               on Korn in the event the Company publicly discloses, or this
               information becomes public other than by disclosure by Korn.

          14.  Non-Competition Covenant Not to Compete. In consideration for the
               ---------------------------------------
               payments to be made under this Agreement, and for the
               consideration contained in the Consultant Agreement, Korn shall,
               for the lesser

                                       3

<PAGE>

               of (a) two years from the effective date of this Agreement, or
               (b) for 60 days after the termination of the Consultant
               Agreement, either alone or in conjunction with any other person,
               refrain from directly or indirectly through its present or future
               affiliates:

                                    (i) Employing, engaging or seeking to employ
                  or engage any person who within the prior twenty-four (24)
                  months had been an officer or employee of the Company, unless
                  said employee was involuntarily separated from the Company.

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

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

                                    (iv) Participating or engaging in (other
                  than through the ownership of five percent (5%) or less of any
                  class of securities registered under the Securities Exchange
                  Act of 1934, as amended), or otherwise lending assistance
                  (financial or otherwise) to any person participating or
                  engaged in, any of the lines of business in which the Company
                  is participating or engaged on the date of termination in any
                  jurisdiction in which the Company participates or engages in
                  such line of business on the date of termination.

               The parties hereto recognize that the laws and public policies of
               the various states of the United States 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.

               The parties hereto acknowledge and agree that any remedy at law
               for any breach of the provisions of this Section would be
               inadequate, and Employee 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.

               The Company and the Employee acknowledge that the foregoing
               restrictive covenants in this Section 14 are essential elements
               of this Agreement and that, but for the agreement of the Employee
               to comply with those covenants, the Company would not have agreed
               to enter into this Agreement. The covenants by the Employee shall
               be construed as agreements independent of any other provision in
               this Agreement.

          15.  Confidentiality. Korn represents and agrees that he will keep the
               ---------------
               terms, amount and facts of this Agreement completely
               confidential, and that he will not hereinafter disclose any
               information relating to this Separation Agreement to anyone,
               including but not limited to, any past, present or prospective
               employee of the Company, the media, or anyone else, unless such
               information has previously been made public by the Company.

                                       4

<PAGE>

          16.  Agreement to Provide Litigation Assistance. Korn agrees that he
               ------------------------------------------
               shall on reasonable notice provide information and assistance
               necessary regarding any litigation the Company may be or is
               potentially involved with; this obligation shall survive both the
               term of this agreement and the Consultant Agreement.

          17.  Miscellaneous.
               -------------

               a.   Korn is advised to consult with an attorney prior to
                    executing this Agreement, and Korn acknowledges that he has
                    had an opportunity to do so.

               b.   Korn may revoke this Agreement at any time within seven (7)
                    days following his execution of this Agreement. This
                    Agreement shall not become effective or enforceable until
                    that revocation period has expired; In order to cancel or
                    revoke this Agreement, Korn must deliver to the Director of
                    Human Resources at ProsoftTraining.com a signed letter or
                    other written notice stating that he/she is canceling or
                    revoking this Agreement.

               c.   This Agreement constitutes the sole agreement between the
                    parties and supersedes any and all understandings and
                    agreements made prior hereto. There are no other
                    understandings, representations or agreements between the
                    parties other than those as contained or referenced herein.

               d.   It is understood and agreed that the execution of this
                    Agreement is not to be construed as an admission of any
                    liability on the part of Company; the Company specifically
                    disclaims any wrongdoing of any part or any nature with
                    respect to Korn.

               e.   This Agreement and each of its provisions are binding upon,
                    and inure to the benefit of the parties as well as their
                    respective heirs, executors, administrators, successors
                    and/or assigns.

               f.   All agreements and covenants contained herein are severable.
                    In the event that any of them are held to be invalid by any
                    competent court, this Agreement shall be interpreted as if
                    such invalid agreement or covenants were not contained
                    herein.

               g.   In the event that any action is filed in relation to this
                    Agreement or to the employment relationship between the
                    parties, the prevailing party is entitled to recover all
                    costs and expenses, including reasonable attorneys' fees and
                    expert witness fees, from the other party.

               h.   This Agreement shall be construed under and governed by the
                    state law in which Korn resides, Texas.

                                       5

<PAGE>

         IN WITNESS WHEREOF, the parties have executed this Agreement on the day
and year first above written.

                   Jeffrey G. Korn

                   -----------------------------------------

                   Date:
                         -----------------------------------

                   "Company"
                   ProsoftTraining.com

                   By:
                       -------------------------------------

                   Printed or Typed Name:
                                         -------------------

                   Date:
                         -----------------------------------

                                       6<PAGE>

                                                                    Exhibit 4.03

                   THE HARTFORD FINANCIAL SERVICES GROUP, INC.

                                       to

                      WILMINGTON TRUST COMPANY, as Trustee

                             SUPPLEMENTAL INDENTURE

                          Dated as of October 26, 2001

            7.45% Junior Subordinated Deferrable Interest Debentures
                         Series C, Due October 26, 2050
<PAGE>
                   THE HARTFORD FINANCIAL SERVICES GROUP, INC.

                             SUPPLEMENTAL INDENTURE

            7.45% Junior Subordinated Deferrable Interest Debentures
                         Series C, Due October 26, 2050

         SUPPLEMENTAL INDENTURE, dated as of October 26, 2001, between THE
HARTFORD FINANCIAL SERVICES GROUP, INC., a Delaware corporation (the "Company"),
and WILMINGTON TRUST COMPANY, a Delaware banking corporation, as Trustee (the
"Trustee").

                                    Recitals

         The Company has heretofore executed and delivered to the Trustee a
Junior Subordinated Indenture, dated as of October 30, 1996 (the "Indenture"),
providing for the issuance from time to time of series of the Company's
Securities.

         Section 301 of the Indenture provides for various matters with respect
to any series of Securities issued under the Indenture to be established in an
indenture supplemental to the Indenture.

         Section 901(3) of the Indenture provides for the Company and the
Trustee to enter into an indenture supplemental to the Indenture to establish
the form or terms of Securities of any series as provided by Sections 201 and
301 of the Indenture.

         For and in consideration of the premises and the issuance of the series
of Securities provided for herein, it is mutually covenanted and agreed, for the
equal and proportionate benefit of the Holders of the Securities of such series,
as follows:

                                    ARTICLE 1

                       Relation to Indenture; Definitions

         Section 1.1. This Supplemental Indenture constitutes an integral part
of the Indenture.

         Section 1.2.      For all purposes of this Supplemental Indenture:

                  (1) Capitalized terms used herein without definition shall
         have the meanings specified in the Indenture or in the Amended and
         Restated Trust Agreement, dated as of October 26, 2001, among the
         Company, as Depositor,
<PAGE>
         Wilmington Trust Company, as Property Trustee and Delaware Trustee, and
         the Administrative Trustees named therein, as the case may be;

                  (2) All references herein to Articles and Sections, unless
         otherwise specified, refer to the corresponding Articles and Sections
         of this Supplemental Indenture; and

                  (3) The terms "herein", "hereof", "hereunder" and other words
         of similar import refer to this Supplemental Indenture.

                                    ARTICLE 2

                            The Series of Securities

         Section 2.1. Title of the Securities. There shall be a series of
Securities designated the "7.45% Junior Subordinated Deferrable Interest
Debentures, Series C, due October 26, 2050" (the "Securities").

         Section 2.2. Limitation on Aggregate Principal Amount; Date of
Securities. The aggregate principal amount of the Securities shall be limited to
$515,463,925 (and up to an additional $77,319,600 if and to the extent the
overallotment option granted by the Trust to the purchasers of the Preferred
Securities is exercised); provided, however, that the authorized aggregate
principal amount of the Securities may be increased above such amount by a Board
Resolution to such effect. Each Security shall be dated the date of its
authentication.

         Section 2.3. Principal Payment Date. The principal amount of the
Securities Outstanding (together with any accrued and unpaid interest (including
any Additional Interest) thereon) shall be payable in a single installment on
October 26, 2050.

         Section 2.4. Interest and Interest Rates. The rate of interest on each
Security shall be 7.45% per annum, accruing from October 26, 2001 and, subject
to Section 2.5, interest shall be payable, quarterly in arrears, on January 2,
April 1, July 1 and October 1 of each year (each such date, an "Interest Payment
Date"), commencing January 2, 2002. The rate of any Additional Interest that
shall accrue on each Security shall be at the same rate per annum. The amount of
interest payable for any period shall be computed on the basis of a 360-day year
of twelve 30-day months. The amount of interest payable for any partial period
shall be computed on the basis of the number of days elapsed in a 360-day year
of twelve 30-day months. In the event that any date on which interest is payable
on a Security is not a Business Day, then a payment of the interest payable on
such date will be made on the next succeeding day which is a Business Day (and
without any interest or other payment in respect of any such delay), except
that, if such Business Day is in the next succeeding calendar year, such payment
shall be made on the immediately preceding

                                       2
<PAGE>
Business Day, in each case with the same force and effect as if made on the date
such payment was originally payable. The interest installment so payable, and
punctually paid or duly provided for, on any Interest Payment Date shall be paid
to the Person in whose name such Security (or one or more Predecessor
Securities) is registered at the close of business on the Regular Record Date
for such interest installment, which shall be the close of business on the
Business Day next preceding such Interest Payment Date. The interest so payable
on any Security which is not punctually paid or duly provided for on any
Interest Payment Date shall forthwith cease to be payable to the Holder on such
Regular Record Date and may either be paid to the Person in whose name such
Security (or one or more Predecessor Securities) is registered at the close of
business on a Special Record Date for the payment of such Defaulted Interest to
be fixed by the Trustee, notice whereof shall be given to Holders of Securities
not less than 10 days prior to such Special Record Date, or be paid at any time
in any other lawful manner not inconsistent with the requirements of any
securities exchange on which the Securities may be listed, and upon such notice
as may be required by such exchange, all as more fully provided in the
Indenture.

         Section 2.5. Extension of Interest Payment Period. (a) The Company
shall have the right, at any time during the term of the Securities, from time
to time, to extend the interest payment period on the Securities for up to 20
consecutive quarters with respect to each deferred period (each, an "Extension
Period") during which periods the Company shall have the right to make partial
payments of interest on any Interest Payment Date, and at the end of such
Extension Period the Company shall pay all interest then accrued and unpaid
thereon (together with Additional Interest thereon, if any, at the annual rate
of 7.45% to the extent permitted by applicable law), provided, however, that
during any such Extension Period, the Company shall not, and shall cause any
Subsidiary not to, (i) declare or pay any dividends or distributions on, or
redeem, purchase, acquire or make a liquidation payment with respect to, any of
the Company's capital stock, or (ii) make any payment of principal, interest or
premium, if any, on or repay, repurchase or redeem any debt securities that rank
pari passu with or junior in interest to the Securities or make any guarantee
payments with respect to the foregoing (other than (A) dividends or
distributions payable solely in common stock of the Company, (B) redemptions or
purchases of any rights pursuant to the Company's Rights Plan, or any successor
to such Rights Plan, and the declaration of a dividend of such rights in the
future, and (C) payments under any Hartford Guarantee). Prior to the termination
of any such Extension Period, the Company may further extend the interest
payment period, provided that such Extension Period together with all such
previous and further extensions of such Extension Period shall not exceed 20
consecutive quarters or extend beyond the Maturity of the Securities. Upon
termination of any such Extension Period and upon the payment of all accrued and
unpaid interest and any Additional Interest then due, the Company may select a
new Extension Period, subject to the above requirements. No interest shall be
due and payable during an Extension Period, except at the end thereof. The
Company shall give the Holders of the Securities and the Property Trustee, the

                                       3
<PAGE>
Administrative Trustees and the Trustee notice of its selection of such
Extension Period at least one Business Day prior to the earlier of (i) the date
the Distributions on the Preferred Securities are payable or (ii) the date the
Administrative Trustees are required to give notice to the New York Stock
Exchange or other applicable self-regulatory organization or to holders of such
Preferred Securities of the record date or the date such Distributions are
payable, but in any event not less than one Business Day prior to such record
date. The Trustee shall promptly give notice of the Company's selection of such
Extension Period to the holders of the outstanding Preferred Securities.

         Section 2.6. Place of Payment. The Place of Payment where the
Securities may be presented or surrendered for payment, where the Securities may
be surrendered for registration of transfer or exchange and where notices and
demands to or upon the Company in respect of the Securities and the Indenture
may be served shall be the Corporate Trust Office of the Trustee.

         Section 2.7. Redemption. At any time on or after October 26, 2006, the
Company may, at its option, subject to the terms and conditions of Article
Eleven of the Indenture, redeem the Securities on any Interest Payment Date with
respect thereto in whole at any time or in part from time to time, without
premium or penalty, at a redemption price equal to the accrued and unpaid
interest, including Additional Interest, if any, to the date fixed for
redemption, plus 100% of the principal amount thereof.

         At any time prior to October 26, 2006, the Company may, at its option,
subject to the terms and conditions of Article Eleven of the Indenture, redeem
the Securities on any Interest Payment Date with respect thereto in whole at any
time or in part from time to time, without premium or penalty, at a redemption
price equal to the accrued and unpaid interest, including Additional Interest,
if any, to the date fixed for redemption, plus the greater of (a) the principal
amount thereof and (b) an amount equal to the Discounted Remaining Payments to
Initial Optional Prepayment Date (as defined herein).

         "Discounted Remaining Payments to Initial Optional Prepayment Date"
means an amount equal to the sum of the Current Values of the amounts of
interest and principal that would have been payable by the Company pursuant to
the terms of the Securities on each Interest Payment Date after the redemption
date through and including October 26, 2006, assuming redemption of the
Securities on October 26, 2006, discounted to the redemption date at the
Treasury Rate.

         The "Treasury Rate" is a per annum rate, expressed as a decimal and, in
the case of United States Treasury bills, converted to a per annum yield,
determined on the redemption date to be the per annum rate equal to the
semiannual bond equivalent yield to maturity, adjusted to reflect quarterly
compounding for United States Treasury securities maturing on October 26, 2006.
The Company will determine this rate by reference to the weekly average yield to
maturity for United States Treasury securities

                                       4
<PAGE>
maturing on October 26, 2006 if reported in the most recent Statistical Release
H.15(519) of the Board of Governors of the Federal Reserve. If no such
securities mature on that date, the Company will determine the rate by
interpolation between the most recent weekly average yields to maturity for two
series of United States Treasury securities, (1) one maturing as close as
possible to, but earlier than, October 26, 2006 and (2) the other maturing as
close as possible to, but later than, October 26, 2006, in each case as
published in the most recent Statistical Release H.15(519) of the Board of
Governors of the Federal Reserve.

         If a Special Event in respect of Hartford Capital III shall occur and
be continuing, the Company may, at its option, redeem the Securities on any
Interest Payment Date falling within 90 days of the occurrence of such Special
Event, in whole but not in part, subject to the provisions of Article Eleven of
the Indenture. The redemption price for any Security so redeemed shall be equal
to 100% of the principal amount thereof plus accrued and unpaid interest,
including Additional Interest, if any, to the date fixed for redemption.

         Section 2.8. Denomination. The Securities shall be in registered form
without coupons and shall be issuable in denominations of $25 and integral
multiples thereof.

         Section 2.9. Currency. Principal and interest on the Securities shall
be payable in Dollars.

         Section 2.10. Form of Securities. The Securities shall be substantially
in the form attached as Exhibit A hereto.

         Section 2.11. Securities Registrar and Paying Agent. The Trustee shall
initially serve as Securities Registrar and Paying Agent.

         Section 2.12. Sinking Fund Obligations. The Company has no obligation
to redeem or purchase any Securities pursuant to any sinking fund or analogous
requirement or upon the happening of a specified event or at the option of a
Holder thereof.

                                    ARTICLE 3

                            Miscellaneous Provisions

         Section 3.1. The Indenture, as supplemented and amended by this
Supplemental Indenture, is in all respects hereby adopted, ratified and
confirmed.

         Section 3.2. This Supplemental Indenture may be executed in any number
of counterparts, each of which shall be an original, but such counterparts shall
together constitute but one and the same instrument.

                                       5
<PAGE>
         SECTION 3.3. THIS SUPPLEMENTAL INDENTURE AND EACH SECURITY SHALL BE
DEEMED TO BE A CONTRACT MADE UNDER THE LAWS OF THE STATE OF NEW YORK AND SHALL
BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THEREOF.

                                       6
<PAGE>
         IN WITNESS WHEREOF, the parties hereto have caused this Supplemental
Indenture to be duly executed, as of the day and year first written above.

                                            THE HARTFORD FINANCIAL
                                               SERVICES GROUP, INC.

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

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

[Seal]

Attest:
       ---------------------------------
       Name:
       Title:

                                            WILMINGTON TRUST COMPANY,
                                                 as Trustee

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

[Seal]

Attest:
       ---------------------------------
       Name:
       Title:

                                       7
<PAGE>
                                                                       Exhibit A

                           [FORM OF FACE OF SECURITY]

         [Unless this Security is presented by an authorized representative of
The Depository Trust Company (the "DTC"), a New York corporation, New York, New
York to The Hartford Financial Services Group, Inc., or its agent for
registration of transfer, exchange or payment, and any Security issued is
registered in the name of Cede & Co. or such other name as requested by an
authorized representative of the DTC and any payment hereon is made to Cede &
Co.; or such other entity as is requested by an authorized representative of the
DTC, any transfer, pledge or other use hereof for value or otherwise by a person
is wrongful inasmuch as the registered owner hereof, Cede & Co., has an interest
herein.

         This Security is a Global Security within the meaning of the Indenture
hereinafter referred to and is registered in the name of the DTC or a nominee of
the DTC. This Security is exchangeable for Securities registered in the name of
a person other than the DTC or its nominee only in the limited circumstances
described in the Indenture and no transfer of this Security (other than a
transfer of this Security as a whole by the DTC to a nominee of the DTC or by a
nominee of the DTC to the DTC or another nominee of the DTC) may be registered
except in limited circumstances.]

                   THE HARTFORD FINANCIAL SERVICES GROUP, INC.

            7.45% Junior Subordinated Deferrable Interest Debentures
                         Series C, Due October 26, 2050

No.                                                                  $
    ----------                                                        ----------

         THE HARTFORD FINANCIAL SERVICES GROUP, INC., a corporation organized
and existing under the laws of Delaware (hereinafter called the "Company", which
term includes any successor corporation under the Indenture hereinafter referred
to), for value received, hereby promises to pay to , or registered assigns, the
principal sum of Dollars on October 26, 2050. The Company further promises to
pay interest on said principal sum from October 26, 2002 or from the most recent
interest payment date (each such date, an "Interest Payment Date") on which
interest has been paid or duly provided for, quarterly (subject to deferral as
set forth herein) in arrears on January 2, April 1, July 1 and October 1 of each
year, commencing January 2, 2002, at the rate of 7.45% per annum, until the
principal hereof shall have become due and payable, plus Additional Interest, if
any, until the principal hereof is paid or duly provided for or made available
for payment and on any overdue principal and
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(without duplication and to the extent that payment of such interest is
enforceable under applicable law) on any overdue installment of interest at the
rate of 7.45% per annum, compounded quarterly. The amount of interest payable
for any period will be computed on the basis of twelve 30-day months and a
360-day year. The amount of interest payable for any partial period shall be
computed on the basis of the number of days elapsed in a 360-day year of twelve
30-day months. In the event that any date on which interest is payable on this
Security is not a Business Day, then a payment of the interest payable on such
date will be made on the next succeeding day which is a Business Day (and
without any interest or other payment in respect of any such delay), except
that, if such Business Day is in the next succeeding calendar year, such payment
shall be made on the immediately preceding Business Day, in each case with the
same force and effect as if made on the date the payment was originally payable.
A "Business Day" shall mean any day other than a day on which banking
institutions in the City of New York are authorized or required by law or
executive order to remain closed or a day on which the Corporate Trust Office of
the Trustee or the principal office of the Property Trustee under the Trust
Agreement hereinafter referred to for Hartford Capital III, is closed for
business. The interest installment so payable, and punctually paid or duly
provided for, on any Interest Payment Date will, as provided in the Indenture,
be paid to the Person in whose name this Security (or one or more Predecessor
Securities, as defined in the Indenture) is registered at the close of business
on the Regular Record Date for such interest installment, which shall be the
close of business on the Business Day next preceding such Interest Payment Date.
Any such interest installment not so punctually paid or duly provided for shall
forthwith cease to be payable to the Holder on such Regular Record Date and may
either be paid to the Person in whose name this Security (or one or more
Predecessor Securities) is registered at the close of business on a Special
Record Date for the payment of such Defaulted Interest to be fixed by the
Trustee, notice whereof shall be given to Holders of Securities of this series
not less than 10 days prior to such Special Record Date, or be paid at any time
in any other lawful manner not inconsistent with the requirements of any
securities exchange on which the Securities of this series may be listed, and
upon such notice as may be required by such exchange, all as more fully provided
in said Indenture.

         The Company shall have the right at any time during the term of this
Security, from time to time, to extend the interest payment period of such
Security for up to 20 consecutive quarters with respect to each deferral period
(each an "Extension Period"), during which periods the Company shall have the
right to make partial payments of interest on any Interest Payment Date, and at
the end of which the Company shall pay all interest then accrued and unpaid
(together with Additional Interest thereon to the extent permitted by applicable
law); provided that during any such Extension Period, the Company will not, and
will not permit any Subsidiary of the Company to (i) declare or pay any
dividends or distributions or redeem, purchase, acquire or make a liquidation
payment with respect to, any of the Company's outstanding capital stock or (ii)
make any payment of principal, interest or premium, if any, on or repay,
repurchase or redeem any debt security that rank pari passu with or junior in
interest to this Security or make any

                                       2
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guarantee payments with respect to the foregoing (other than (A) dividends or
distributions payable solely in common stock of the Company, (B) redemptions or
purchases of any rights pursuant to the Company's Rights Plan, or any successor
to such Rights Plan, and the declaration of a dividend of such rights in the
future, and (C) payments under any Hartford Guarantee (as defined in the
Indenture)). Prior to the termination of any such Extension Period, the Company
may further extend the interest payment period, provided that such Extension
Period together with all such previous and further extensions of such Extension
Period, shall not exceed 20 consecutive quarters or extend beyond the Maturity
of this Security. Upon the termination of any such Extension Period and upon the
payment of all accrued and unpaid interest and any Additional Interest then due,
the Company may select a new Extension Period, subject to the above
requirements. No interest shall be due and payable during an Extension Period
except at the end thereof. The Company shall give the Holder of this Security
and the Trustee notice of its selection of an Extension Period at least one
Business Day prior to the earlier of (i) the date the Distributions on the
Preferred Securities are payable or (ii) the date the Administrative Trustees
are required to give notice to the New York Stock Exchange or other applicable
self-regulatory organization or to holders of such Preferred Securities of the
record date or the date such Distributions are payable, but in any event not
less than one Business Day prior to such record date.

         Payment of the principal of (and premium, if any) and interest on this
Security will be made at the office or agency of the Company maintained for that
purpose in the United States, in such coin or currency of the United States of
America as at the time of payment is legal tender for payment of public and
private debts; provided, however, that at the option of the Company payment of
interest may be made (i) by check mailed to the address of the Person entitled
thereto as such address shall appear in the Securities Register or (ii) by wire
transfer in immediately available funds at such place and to such account as may
be designated by the Person entitled thereto as specified in the Securities
Register.

         The indebtedness evidenced by this Security is, to the extent provided
in the Indenture, subordinate and subject in right of payments to the prior
payment in full of all Senior Debt, and this Security is issued subject to the
provisions of the Indenture with respect thereto. Each Holder of this Security,
by accepting the same, (a) agrees to and shall be bound by such provisions, (b)
authorizes and directs the Trustee on his behalf to take such actions as may be
necessary or appropriate to effectuate the subordination so provided and (c)
appoints the Trustee his attorney-in-fact for any and all such purposes. Each
Holder hereof, by his acceptance hereof, waives all notice of the acceptance of
the subordination provisions contained herein and in the Indenture by each
holder of Senior Debt, whether now outstanding or hereafter incurred, and waives
reliance by each such holder upon said provisions.

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         Reference is hereby made to the further provisions of this Security set
forth on the reverse hereof, which further provisions shall for all purposes
have the same effect as if set forth at this place.

         Unless the certificate of authentication hereon has been executed by
the Trustee referred to on the reverse hereof by manual signature, this Security
shall not be entitled to any benefit under the Indenture or be valid or
obligatory for any purpose.

                                       4
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         IN WITNESS WHEREOF, the Company has caused this instrument to be duly
executed under its corporate seal.

Dated:

                                      THE HARTFORD FINANCIAL
                                        SERVICES GROUP, INC.

                                      By:
                                         --------------------------------------
                                         [Chairman and Chief Executive Officer,
                                         President or Vice President]
Attest:

-----------------------------------
[Secretary; Corporate Secretary
or Assistant Secretary]

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                          [FORM OF REVERSE OF SECURITY]

         This Security is one of a duly authorized issue of securities of the
Company, (herein called the "Securities"), issued and to be issued in one or
more series under a Junior Subordinated Indenture, dated as of October 30, 1996
(herein called the "Indenture"), between the Company and Wilmington Trust
Company, as Trustee (herein called the "Trustee", which term includes any
successor trustee under the Indenture), to which Indenture and all indentures
supplemental thereto reference is hereby made for a statement of the respective
rights, limitations of rights, duties and immunities thereunder of the Trustee,
the Company and the Holders of the Securities, and of the terms upon which the
Securities are, and are to be, authenticated and delivered. This Security is one
of the series designated on the face hereof, limited in aggregate principal
amount to $515,463,925 (and up to an additional $77,319,600 if and to the extent
the overallotment option granted by the Trust to the purchasers of the Preferred
Securities is exercised).

         All terms used in this Security that are defined in the Indenture or in
the Amended and Restated Trust Agreement, dated as of October 26, 2001 (the
"Trust Agreement"), among The Hartford Financial Services Group, Inc. as
Depositor, and the Trustees named therein, for Hartford Capital III, shall have
the meanings assigned to them in the Indenture or the Trust Agreement, as the
case may be.

         At any time on or after October 26, 2006, the Company may, at its
option, subject to the terms and conditions of Article Eleven of the Indenture,
redeem this Security on any Interest Payment Date with respect thereto in whole
at any time or in part from time to time, without premium or penalty, at a
redemption price equal to the accrued and unpaid interest, including Additional
Interest, if any, to the date fixed for redemption, plus 100% of the principal
amount thereof.

         At any time prior to October 26, 2006, the Company may, at its option,
subject to the terms and conditions of Article Eleven of the Indenture, redeem
this Security on any Interest Payment Date with respect thereto in whole at any
time or in part from time to time, without premium or penalty, at a redemption
price equal to the accrued and unpaid interest, including Additional Interest,
if any, to the date fixed for redemption, plus the greater of (a) the principal
amount thereof and (b) an amount equal to the Discounted Remaining Payments to
Initial Optional Prepayment Date (as defined herein).

         "Discounted Remaining Payments to Initial Optional Prepayment Date"
means an amount equal to the sum of the Current Values of the amounts of
interest and principal that would have been payable by the Company pursuant to
the terms of the Securities on each Interest Payment Date after the redemption
date through and including October 26, 2006, assuming redemption of the
Securities on October 26, 2006, discounted to the redemption date at the
Treasury Rate.
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         The "Treasury Rate" is a per annum rate, expressed as a decimal and, in
the case of United States Treasury bills, converted to a per annum yield,
determined on the redemption date to be the per annum rate equal to the
semiannual bond equivalent yield to maturity, adjusted to reflect quarterly
compounding for United States Treasury securities maturing on October 26, 2006.
The Company will determine this rate by reference to the weekly average yield to
maturity for United States Treasury securities maturing on October 26, 2006 if
reported in the most recent Statistical Release H.15(519) of the Board of
Governors of the Federal Reserve. If no such securities mature on that date, the
Company will determine the rate by interpolation between the most recent weekly
average yields to maturity for two series of United States Treasury securities,
(1) one maturing as close as possible to, but earlier than, October 26, 2006 and
(2) the other maturing as close as possible to, but later than, October 26,
2006, in each case as published in the most recent Statistical Release H.15(519)
of the Board of Governors of the Federal Reserve.

         If a Special Event in respect of Hartford Capital III shall occur and
be continuing, the Company may, at its option, redeem this Security on any
Interest Payment Date falling within 90 days of the occurrence of such Special
Event, in whole but not in part, subject to the provisions of Section 1107 and
the other provisions of Article Eleven of the Indenture. The redemption price
for any Security so redeemed shall be equal to 100% of the principal amount
thereof plus accrued and unpaid interest, including Additional Interest, if any,
to the date fixed for redemption.

         In the event of redemption of this Security in part only, a new
Security or Securities of this series for the unredeemed portion hereof will be
issued in the name of the Holder hereof upon the cancellation hereof.

         If an Event of Default with respect to Securities of this series shall
occur and be continuing, the principal of the Securities of this series may be
declared due and payable in the manner, with the effect and subject to the
conditions provided in the Indenture.

         The Indenture contains provisions for satisfaction, discharge and
defeasance at any time of the entire indebtedness of this Security upon
compliance by the Company with certain conditions set forth in the Indenture.

         The Indenture permits, with certain exceptions as therein provided, the
amendment thereof and the modification of the rights and obligations of the
Company and the rights of the Holders of the Securities of each series to be
affected under the Indenture at any time by the Company and the Trustee with the
consent of the Holders of a majority in principal amount of the Securities of
each series at the time Outstanding of each series to be affected. The Indenture
also contains provisions permitting Holders of specified percentages in
principal amount of the Securities of each series at the time Outstanding, on
behalf of the Holders of all Securities of such series, to waive compliance by
the Company with certain provisions of the Indenture and certain past defaults
under the Indenture and their consequences. Any such consent or waiver by the

                                       2
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Holder of this Security shall be conclusive and binding upon such Holder and
upon all future Holders of this Security and of any Security issued upon the
registration of transfer hereof or in exchange herefor or in lieu hereof,
whether or not notation of such consent or waiver is made upon this Security.

         No reference herein to the Indenture and no provision of this Security
or of the Indenture shall alter or impair the obligation of the Company, which
is absolute and unconditional, to pay the principal of (and premium, if any) and
interest on this Security at the times, place and rate, and in the coin or
currency, herein prescribed.

         As provided in the Indenture and subject to certain limitations therein
set forth, the transfer of this Security is registrable in the Securities
Register, upon surrender of this Security for registration of transfer at the
office or agency of the Company maintained under Section 1002 of the Indenture
duly endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to the Company and the Securities Registrar duly executed by, the
Holder hereof or his attorney duly authorized in writing, and thereupon one or
more new Securities of this series, of authorized denominations and for the same
aggregate principal amount, will be issued to the designated transferee or
transferees. No service charge shall be made for any such registration of
transfer or exchange, but the Company may require payment of a sum sufficient to
cover any tax or other governmental charge payable in connection therewith.

         Prior to due presentment of this Security for registration of transfer,
the Company, the Trustee and any agent of the Company or the Trustee may treat
the Person in whose name this Security is registered as the owner hereof for all
purposes, whether or not this Security be overdue, and neither the Company, the
Trustee nor any such agent shall be affected by notice to the contrary.

         The Securities of this series are issuable only in registered form
without coupons in denominations of $25 and any integral multiple thereof. As
provided in the Indenture and subject to certain limitations therein set forth,
Securities of this series are exchangeable for a like aggregate principal amount
of Securities of such series of a different authorized denomination, as
requested by the Holder surrendering the same.

         The Company and, by its acceptance of this Security or a beneficial
interest therein, the Holder of, and any Person that acquires a beneficial
interest in, this Security agree that for United States Federal, state and local
tax purposes it is intended that this Security constitute indebtedness.

         THE INDENTURE AND THIS SECURITY SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF
LAWS PRINCIPLES THEREOF.

                                       3

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