Document:

Exhibit 4.8

                                    AGREEMENT

               This agreement dated June 15, 2000, together with the exhibits
annexed hereto (the "Agreement"), is made by and between: (i) David Workman
("Workman"); and (ii) Internet Commerce Corporation ("ICC") and G. Michael
Cassidy ("Cassidy"; together with ICC, the "ICC Parties"; and collectively, with
ICC and Workman, the "Parties" and, individually, a "Party").

               WHEREAS, on or about March 20, 2000, Workman sent to the ICC
Parties and Michele Golden ("Golden") a draft complaint (the "Draft") in
contemplation of potential litigation (the "Potential Litigation");

               WHEREAS, the Draft requested that a constructive trust be imposed
in favor of Workman on certain ICC shares and options held by Golden and Cassidy
proportionate to Workman's former shareholdings in an entity that was known
(prior to 1997) as Internet Commerce Corporation;

               WHEREAS, Workman, the ICC Parties and Golden entered into a
series of stipulations for the purpose of holding the Potential Litigation in
abeyance without prejudice while the Parties and Golden engaged in settlement
discussions;

               WHEREAS, the allegations set forth in the Draft caused the ICC
Parties to believe that Steven Fieldman, Lance Fieldman, Jonathan Brust, Silvio
Petrassi and/or related parties (collectively, the "Fieldman Group") might
commence a separate litigation against the ICC Parties and Golden arising out of
the same alleged circumstances as those set forth in the Draft; and

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               WHEREAS, the Parties desire both to have Workman provide
consulting services to the ICC Parties in the event that the Fieldman Group, or
any of them, serve legal process upon the ICC parties, and to fully and finally
compromise, settle and resolve any and all claims that may have existed between
Workman, on the one hand, and the ICC Parties, on the other hand, as set forth
in this Agreement.

               NOW, THEREFORE, in consideration of these premises and for other
good and valuable consideration, the receipt and adequacy of which is hereby
acknowledged, the Parties, intending to be bound, covenant and agree as follows:

               1. Workman shall consult with the ICC Parties as they may request
from time to time on reasonable notice under the circumstances concerning any
claims and/or the defense of any proceeding brought against them (or either of
them) by the Fieldman Group (or any of them). Such consulting shall include,
among other things: providing documents requested by the ICC Parties or their
counsel; being available for interviews by the ICC Parties or their counsel; and
being available to appear as a witness whether at deposition, trial or
otherwise. Under this consultancy, Workman shall be acting as an independent
contractor to the Company with no right to bind or act on behalf of the Company.
Workman may have counsel present at or involved in such consultations at his own
expense, but shall be reimbursed by ICC for his own reasonable travel expenses
incurred in the event that he is required to provide consulting services
hereunder outside of the City of New York. The forgoing consultancy: (i) shall
end at the later of (a) three years from the date hereof (the "Termination
Date") or (b) upon the conclusion of any proceeding commenced on or before the
Termination Date by the Fieldman Group (or any of them) against the ICC Parties
(or either of them); (ii) shall not restrict Workman in any way as to the types
or areas of business activity in which he may engage (and ICC specifically
waives any conflict if Workman, in the course of his regular business
activities,

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represents competitors of ICC); (iii) shall not cause Workman to be provided
with any of ICC's material non-public information; and (iv) shall not cause
Workman to have any consulting obligations except as set forth above.

               2. Within five (5) business days after mutual execution and
delivery of this Agreement:

                  (i) ICC shall deliver to or at the direction of Workman,
certificates representing 10,000 shares of ICC's Class A Common Stock (the
"Shares"), and Workman shall pay to ICC the Shares' par value of $0.01 per share
(for an aggregate payment by Workman to ICC of $100);

                  (ii) ICC and Workman shall execute and deliver an option
agreement (the "Option Agreement") in the form of Exhibit A annexed hereto and
made a part of this Agreement giving Workman the right to purchase (the "Option
Right") 50,000 shares of ICC's Class A common stock (the "Option Shares"), which
Option Right shall be immediately vested at the time of mutual execution and
delivery of the Option Agreement;

                  (iii) ICC shall register under the Securities Act of 1933, as
amended, pursuant to a Registration Statement on Form S-8, both the Shares and
the Option Shares to be issued to Workman upon exercise by Workman of the Option
Right pursuant to the Option Agreement, and such Shares and Option Shares shall
be provided to Workman without legend; and

                  (iv) (a) Workman shall execute and deliver to the ICC Parties,
a fully executed and acknowledged Release in the form of Exhibit B annexed
hereto and made a part of this Agreement; and (b) the ICC Parties shall execute
and deliver to Workman, fully

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executed and acknowledged Releases in the form of Exhibits C and D annexed
hereto and made a part of this Agreement.

               3. Paragraphs 2(i), (ii), and (iii) are subject to approval by
ICC's Board of Directors (the "Board"). ICC shall present the issue of whether
to approve Paragraphs 2(i), (ii) and (iii) to the Board at its next meeting,
which is scheduled to occur on June 19, 2000. If Board approval is not obtained
at such meeting: (i) this Agreement shall immediately become null and void and
of no further force or effect; (ii) ICC shall notify Workman immediately; and
(iii) none of the Parties shall be prejudiced in any way by the passage of time
between June 16, 2000 and one week from the date that ICC notifies Workman of
the Board's decision in any litigation Workman subsequently commences against
the ICC Parties arising out of the allegations set forth in the Draft. In the
event that the last publicly traded sale of the Shares on June 19, 2000 is less
than $14.75 per share, then Workman may notify the Company that he is
terminating this Agreement by providing written facsimile notice to Kramer Levin
Naftalis & Frankel LLP (Attention: Ronald S. Greenberg, Esq.; facsimile no.
(212) 715-8399) by no later than 6:00 p.m. on such date (the "Notice"). In the
event Workman provides the Notice, this Agreement shall immediately become null
and void and of no further force or effect. Notwithstanding the foregoing, in
the event this Agreement becomes null and void pursuant to this paragraph, the
Parties agree that all settlement discussions hereunder, this Agreement, and all
drafts hereof shall remain confidential and subject to the terms of Paragraph 7
hereof.

               4. It is the intent of the Parties that GOL ss. 15-108 apply to
the consideration received by Workman under this Agreement. Therefore, in
accordance with GOL ss. 15-108, the ICC Parties expressly acknowledge that
Workman is not releasing, and is fully reserving, all of his claims, if any,
against Golden, and it is intended by all of the Parties to exclude from the
scope of the Releases herein any and all claims that Workman may have against
Golden. The

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ICC Parties further acknowledge that Workman intends to pursue a litigation
against Golden (the "Workman/Golden Litigation"). Workman agrees that, in the
Workman/Golden Litigation, he will not assert theories of vicarious liability
and/or respondeat superior against Golden based upon any alleged acts and/or
omissions by the ICC Parties (or either of them). Workman further agrees that,
if, notwithstanding the above, GOL ss. 15-108 is found not to apply in the
Workman/Golden Litigation (or in a separate action commenced by Golden or her
successors, heirs, or assigns (the "Golden Defendants")) and, if Golden, in any
litigation, obtains a judgment for contribution arising out of the
Workman/Golden Litigation (the "Contribution Judgment") against any of the ICC
Parties, or either of them, or either of their successors, heirs, or assigns
(collectively, the "Contribution Defendants"), then Workman (and his successors,
heirs, and assigns (collectively, the "Workman Parties")), in collecting on any
judgment against the Golden Defendants (the "Primary Judgment") shall either:
(i) seek to collect only the difference between the Primary Judgment and the
Contribution Judgment (the "Difference"), so that the Contribution Defendants
shall not have to make any payment; or (ii) if necessary to allow the Workman
Parties to collect the Difference in full, the Workman Parties, in collecting
the Primary Judgment, shall be deemed to be acting as trustee to the extent the
Contribution Defendants pay any portion of the Contribution Judgment and shall,
immediately upon receipt, restore to the Contribution Defendants any amounts
they have paid on account of the Contribution Judgment; and until such time as
the Contribution Defendants recover all amounts paid on account of the
Contribution Judgment, the Workman Parties irrevocably appoint counsel to be
designated by the Contribution Defendants to serve as collection and escrow
agent for the Workman Parties in collecting and appropriately disbursing the
Primary Judgment.

               5. The ICC Parties: (i) designate Kramer Levin Naftalis & Frankel
LLP (Attention: Ronald S. Greenberg, Esq.) as their agent for service of any
discovery subpoena that

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Workman may seek to serve in the Workman/Golden Litigation; and (ii) agree that,
in response to any deposition subpoena so served by Workman in the
Workman/Golden Litigation that also calls for the production of documents, they
will not object on the ground that Workman relied on CPLR 3111 rather than CPLR
3120, but otherwise reserve all other objections including, without limitation,
to the scope of any such document request.

               6. Nothing in this Agreement is intended to be, nor shall it be
construed as, an admission of wrongdoing or liability by any of the Parties, and
each of the Parties expressly denies any wrongdoing and/or liability on its
part.

               7. (i) The existence and terms of this Agreement are and shall be
deemed confidential and shall not be disclosed by the Parties, or any person
acting or who acted on behalf of the Parties to any other person or entity,
except that the Parties may disclose the terms and conditions of this Agreement:
(a) to their officers, directors, employees, accountants, agents and
representatives (the "Related Parties") who may require such information and who
will be advised of the confidentiality provisions of the Agreement; (b) as
required by law; (c) to effectuate the purpose of Paragraph 4 hereof; and/or (d)
with respect to the existence of this Agreement only, in response to an inquiry
by the Court in the Workman/Golden Litigation.

                  (ii) Except pursuant to a notice of deposition or other legal
process or subpoena or an order of a government body or court of competent
jurisdiction ("Legal Process") and as otherwise provided herein, and then only
provided that the Party receiving such Legal Process has complied with Paragraph
7(iv) of this Agreement, no Party, nor any person acting or who acted on any
Party's behalf, shall disclose to or discuss with any person or entity any
information concerning the Potential Litigation or any matters relating directly
or indirectly to

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this Agreement or the terms hereof, it being understood, however, that Workman
intends to and may pursue the allegations set forth in the Draft in the
Workman/Golden Litigation;

                  (iii) No Party nor any person acting or who acted on any
Party's behalf shall solicit or initiate any demand or request by others for the
disclosure of, or encourage or induce any other person or entity to make any
comment or disclose, any matter that the Parties may not make or disclose
pursuant to this Paragraph 7;

                  (iv) Workman agrees to give the ICC Parties and the ICC
Parties agree to give Workman written notice of any and all attempts to compel
disclosure of any information that this Paragraph 7 prohibits disclosing. The
noticing Party shall provide such written notice in a manner such that the other
Party receives the notice at least five (5) days before compliance with any
Legal Process is required, but if the Legal Process requires compliance within
less than five days, the noticing Party shall provide written notice by
facsimile or hand delivery and telephonic notice to the other Party within one
(1) business day after receiving such Legal Process that an attempt will be or
has been made to compel such disclosure; and

                  (v) Damages to be paid in the event of a breach of this
Paragraph 7 shall include, without limitation, any legal fees incurred in
defending, settling, and/or paying an adverse judgment or arbitration award in
any litigation or arbitration brought against the non-breaching Party by a third
party to whom information was disclosed in breach of this Paragraph 7.

               8. This Agreement may not be amended, modified or terminated
except by a written instrument signed by the Parties.

               9. This Agreement constitutes the entire agreement relating to
the subject matter hereof and supersedes any prior or contemporaneous
representation, warranty, agreement

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or other communication concerning the subject matter hereof. The Parties
represent and warrant that there have been no representations, warranties or
agreements relating to the agreements set forth herein (and that no Party is
relying on any representations, warranties or agreements) except as herein
specifically set forth.

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

               11. The Parties and their counsel have participated in the
drafting and negotiation of this Agreement, and it shall be deemed to have been
drafted jointly by them.

               12. This Agreement is valid, legal and binding upon and shall
inure to the benefit of the Parties and their respective heirs, executors,
administrators, successors, assigns, affiliates and Related Parties.

               13. The Parties agree that the non-monetary obligations set forth
in this Agreement are unique and may be specifically enforced including, without
limitation, through injunctive relief.

               14. All of the terms and provisions of this Agreement shall
survive the execution and delivery hereof.

               15. In any action to enforce the terms of this Agreement, the
prevailing Party shall recover its costs, expenses, and reasonable attorneys'
fees.

               16. This Agreement is executed voluntarily by each of the Parties
without any duress or undue influence on the part of, or on behalf, any of them.
The Parties acknowledge that they have: been represented, or have had the
opportunity to be represented, in the

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negotiations for and in the performance of this Agreement by counsel of their
own choice; read this Agreement; had this Agreement fully explained to them by
such counsel or have had such opportunity; and been made fully aware of the
contents of this Agreement and of its legal effect.

                                      INTERNET COMMERCE CORPORATION

June 15, 2000
                                      By: _____________________________________
                                          Dr. Geoffrey S. Carroll
                                          President and Chief Executive Officer

June 15, 2000                         __________________________________________
                                                   David Workman

June 15, 2000                         __________________________________________
                                                   G. Michael Cassidy

                                       9Exhibit 4.9

                          Internet Commerce Corporation
                          STOCK OPTION GRANT AGREEMENT

               STOCK OPTION GRANT AGREEMENT (this "Agreement"), made as of this
20th day of June, 2000 between INTERNET COMMERCE CORPORATION (the "Company") and
David Workman (the "Optionee").

               WHEREAS, Optionee has agreed to provide the Company with certain
consulting services pursuant to an agreement dated June 15, 2000;

               NOW, THEREFORE, in consideration of such consulting services and
the premises and the mutual covenants hereinafter set forth, the parties hereto
hereby agree as follows.

               1. Grant of Options. The Company hereby grants to the Optionee an
option to purchase 50,000 shares (the "Option") of Class A Common Stock, par
value $0.01 per share, of the Company (the "Common Stock").

               2. Date of Grant. The date of grant of the Option granted hereby
is June 22, 2000 (the "Grant Date").

               3. Exercisability/Vesting. This Option shall first become
exercisable with respect to 100% of the total shares subject hereto on June 22,
2000.

               4. Exercise Price; Adjustments.

               (a) The exercise price per share with respect to which the Option
is granted hereby is $13.75 per share of Common Stock, subject to adjustment as
hereinafter provided (the "Exercise Price").

               (b) (i) In the event the Company shall, at any time or from time
to time after the date hereof, issue any shares of Common Stock as a stock
dividend to the holders of Common Stock, or subdivide or combine the outstanding
shares of Common Stock into a greater or lesser number of shares (any such
issuance, subdivision or combination being herein called a "Change of Shares"),
then, and thereafter upon each further Change of Shares, the Exercise Price in
effect immediately prior to such Change of Shares shall be changed to a price
(including any applicable fraction of a cent) determined by multiplying the
Exercise Price in effect immediately prior thereto by a fraction, the numerator
of which shall be the number of shares of Common Stock outstanding immediately
prior to such Change of Shares and the denominator of which shall be the number
of shares of Common Stock outstanding immediately after giving effect to such
Change of Shares. Such adjustment shall be made successively whenever such an
issuance is made.

                   (ii) Upon each adjustment of the Exercise Price pursuant to
Section 4(b)(i) hereof, the total number of shares of Common Stock purchasable
upon the exercise of the Option shall be such number of shares (calculated to
the nearest tenth) purchasable at the Exercise Price in effect immediately prior
to such adjustment multiplied by a fraction, the numerator of which shall be the
Exercise Price in effect immediately prior to such adjustment and the
denominator of which shall be the Exercise Price in effect immediately after
giving effect to such adjustment.

<PAGE>

                   (iii) In case of any reclassification, capital reorganization
or other change of outstanding shares of Common Stock, or in case of any
consolidation or merger of the Company with or into another corporation (other
than a consolidation or merger in which the Company is the continuing
corporation and which does not result in any reclassification, capital
reorganization or other change of outstanding shares of Common Stock), or in
case of any sale or conveyance to another corporation of the property of the
Company as, or substantially as, an entirety (other than a sale/leaseback,
mortgage or other financing transaction), the Company shall cause effective
provision to be made so that the Optionee shall have the right thereafter, by
exercising the Option, to purchase the kind and number of shares of stock or
other securities or property (including cash) receivable upon such
reclassification, capital reorganization or other change, consolidation, merger,
sale or conveyance by a holder of the number of shares of Common Stock that
would have been purchased upon exercise in full of the Option immediately prior
to such reclassification, capital reorganization or other change, consolidation,
merger, sale or conveyance. Any such provision shall include provision for
adjustments that shall be as nearly equivalent as may be practicable to the
adjustments provided for in this Section 4(b). The foregoing provisions shall
similarly apply to successive reclassifications, capital reorganizations and
other changes of outstanding shares of Common Stock and to successive
consolidations, mergers, sales or conveyances.

                   (iv) Irrespective of any adjustments or changes in the
Exercise Price or the number of shares of Common Stock purchasable upon exercise
of the Option, this Agreement shall continue to express the Exercise Price per
share and the number of shares of Common Stock purchasable hereunder as the
Exercise Price per share and the number of shares of Common stock purchasable
therefor as were expressed in this Agreement when the same was originally
executed and delivered.

                   (v) After each adjustment of the Exercise Price pursuant to
this Section 4(b), the Company will promptly prepare a certificate signed by the
Chairman or President, and by the Treasurer or an Assistant Treasurer or the
Secretary or an Assistant Secretary, of the Company setting forth: (1) the
Exercise Price as so adjusted, (2) the number of shares of Common Stock
purchasable upon exercise of the Option after such adjustment, and (3) a brief
statement of the facts accounting for such adjustment. The Company will promptly
cause a copy of such certificate to be sent by ordinary first class mail to the
Optionee at his last address as it shall appear on the registry books of the
Company. No failure to mail such notice nor any defect therein or in the mailing
thereof shall affect the validity of any such adjustment.

               (c) The Company shall at all times reserve for issuance and/or
delivery upon exercise of the Option such number of shares of its Common Stock
as shall be required for issuance and delivery upon exercise of the Option.

               5. Expiration Date.

               (a) Subject to the provisions of this Agreement, the Option
granted hereby shall expire and terminate on June 22, 2003 (the "Expiration
Date").

               (b) In the event that the consulting relationship of the Optionee
to the Company shall terminate as a result of permanent physical or mental
disability or death, the Option shall remain exercisable until the expiration of
one year after such termination, on which

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date it shall expire; provided, however, except in the case of death, the Option
shall not be exercisable after the Expiration Date.

               6. Method of Exercise. The Option shall be exercisable in whole
or in part; provided, however, that no partial exercise shall be for an
aggregate exercise price of less than $1,000. The partial exercise of an Option
shall not cause the expiration, termination or cancellation of the remaining
portion thereof. The Option shall be exercised by delivering notice to the
Company's principal office, to the attention of its Secretary, no less than one
business day in advance of the effective date of the proposed exercise. Such
notice shall (i) be accompanied by this Agreement, and (ii) specify the number
of shares of Common Stock with respect to which the Option is being exercised
and the effective date of the proposed exercise. The Optionee may withdraw such
notice at any time prior to the close of business on the business day
immediately preceding the effective date of the proposed exercise, in which case
this Agreement shall be returned to the Optionee. Payment for shares of Common
Stock purchased upon the exercise of an Option shall be made on the effective
date of such exercise in cash, by certified check or bank cashier's check
payable to the order of the Company or by wire transfer to an account designated
by the Company. Upon such exercise and payment by the Optionee, the Company will
request that its transfer agent issue the shares of Common Stock so purchased
within one business day by hand delivery at Optionee's expense as directed by
Optionee.

               7. Securities Matters.

               (a) If, at any time, counsel to the Company shall determine that
the listing, registration or qualification of the shares of Common Stock subject
to the Option upon any securities exchange or under any state or federal law, or
the consent or approval of any governmental or regulatory body, or the
satisfaction of any other condition is necessary as a condition of, or in
connection with, the issuance or purchase of shares of Common Stock hereunder,
and such listing, registration, qualification, consent or approval, or
satisfaction of such condition, has not been effected or obtained on conditions
acceptable to the Board of Directors, such Option may not be exercised in whole
or in part until the same has been so effected or obtained. The Company shall
inform the Optionee in writing of any decision to defer or prohibit the exercise
of the Option. Notwithstanding any other provision of this Section 7(a), if the
period during which an Option may be exercised expires during a period in which
the effectiveness of the exercise of such Option has been deferred or prohibited
pursuant to this Section 7(a), the Optionee shall have, as an additional period
within which to exercise the Option, the lesser of the period of such deferral
or prohibition and 90 days after the end of such deferral or prohibition in
which to exercise the Option to the extent it would have been exercisable at the
date of such expiration but for this Section 7(a). Moreover, during the period
that the effectiveness of the exercise of an Option has been deferred or
prohibited, the Optionee may, by written notice, withdraw the Optionee's
decision to exercise and obtain a refund of any amount paid with respect
thereto.

               (b) The Optionee shall have no rights as a stockholder with
respect to any shares covered by the Option (including, without limitation, any
rights to receive dividends or non-cash distributions with respect to such
shares) until the date of issue of a stock certificate to the Optionee for such
shares. No adjustment shall be made for dividends or other rights for which the
record date is prior to the date such stock certificate is issued.

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               8. Transferability. The Option shall not be assignable or
otherwise transferable by the Optionee except by will or by the laws of descent
and distribution or pursuant to a qualified domestic relations order as defined
in the Code or Title I of the Employee Retirement Income Security Act of 1974,
as amended, and the regulations thereunder. The Option may be exercised during
the lifetime of the Optionee only by the Optionee. In the event of the
Optionee's death, the Option may be exercised during the period specified in
Section 5(b) hereof by the executors or administrators of the Optionee's estate.

               9. Delays or Omissions. No delay or omission to exercise any
right, power or remedy accruing to any party hereto upon any breach or default
of any party under this Agreement shall impair any such right, power or remedy
of such party, nor shall it be construed to be a waiver of any such breach or
default, or an acquiescence therein, or of or in any similar breach or default
thereafter occurring, nor shall any waiver of any single breach or default be
deemed a waiver of any other breach or default theretofore or thereafter
occurring. Any waiver, permit, consent or approval of any kind or character on
the part of any party of any breach or default under this Agreement, or any
waiver on the part of any party of any provisions or conditions of this
Agreement, must be in a writing signed by such party and shall be effective only
to the extent specifically set forth in such writing.

               10. Integration. This Agreement contains the entire understanding
of the parties with respect to its subject matter. There are no restrictions,
agreements, promises, representations, warranties, covenants or undertakings
with respect to the subject matter hereof other than those expressly set forth
herein. This Agreement supersedes all prior agreements and understandings
between the parties with respect to its subject matter.

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

               12. Governing Law. This Agreement shall be governed by and
construed and enforced in accordance with the laws of the State of New York,
without regard to the principles of conflict of laws.

               IN WITNESS WHEREOF, the Company has caused this Agreement to be
duly executed by its duly authorized officer, and the Optionee has hereunto
signed this Agreement on the Optionee's own behalf, thereby representing that he
has carefully read and understands this Agreement as of the day and year first
written above.

                                            INTERNET COMMERCE CORPORATION

                                            By:________________________________
                                               Name:
                                               Title:

                                            ___________________________________
                                            Optionee:  David Workman

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