Document:

<PAGE>
                                                                 EXHIBIT 10.8(a)

                     LOAN MODIFICATION AGREEMENT AND WAIVER

      This Loan Modification Agreement and Waiver ("this Agreement") is made as
of June 29, 2001 between Sapient Corporation, a Delaware corporation (the
"Borrower") and Fleet National Bank (the "Bank"). For good and valuable
consideration, receipt and sufficiency of which are hereby acknowledged, the
Borrower and the Bank act and agree as follows:

         1.       Reference is made to: (i) that certain letter agreement dated
June 30, 2000 (the "Letter Agreement") between the Borrower and the Bank; and
(ii) that certain $5,000,000 face principal amount promissory note dated June
30, 2000 (the "Revolving Note") made by the Borrower and payable to the order of
the Bank. The Letter Agreement and the Revolving Note are hereinafter
collectively referred to as the "Financing Documents".

         2.       The Bank hereby waives the Event of Default under the Letter
Agreement which would otherwise exist due to the Borrower's failure to comply
with Section 3.10 of the Letter Agreement ("Profitability") for the fiscal
quarter ended March 31, 2001; provided that the waiver contained in this
sentence will not be deemed to apply to any other provisions of any of the
Financing Documents nor to any other fiscal period. The Bank also waives the
Events of Default which would otherwise exist under the Letter Agreement due to
the Borrower's failure to furnish to the Bank, by March 31, 2001, consolidating
financial statements for the Borrower's fiscal year ended December 31, 2000 and
a budget for its fiscal year ending December 31, 2001, all as required by
paragraph (i) of Section 3.6 of the Letter Agreement; provided that the waiver
contained in this sentence will be deemed to apply only to the financial
statements and budget described herein for the specific respective fiscal years
described herein and not to any other provisions of any of the Financing
Documents nor with respect to any other fiscal period.

         3.       The Letter Agreement is hereby amended, effective as of the
date hereof:

         a.       By deleting in its entirety Section 3.5 of the Letter
Agreement and by substituting in its stead the following:

                  "3.5. Conduct of Business. The Borrower will conduct, in the
                  ordinary course, the business in which it is presently
                  engaged. The Borrower will not, without the prior written
                  consent of the Bank, directly or indirectly (itself or through
                  any Subsidiary) enter into any other lines of business,
                  businesses or ventures, except for investments in other
                  business and ventures (the `Other Permitted Ventures') which
                  will not exceed $10,000,000 per investment nor $25,000,000 in
                  the aggregate during the term of this letter agreement."

         b.       By adding to paragraph (ii) of Section 3.6 of the Letter
Agreement, at the end of such paragraph, the following:

                  "Without limitation of the foregoing, if, as at the end of any
                  month, the Borrower does not have Liquid Assets of at least
                  $200,000,000, then the Borrower will provide to the Bank,
                  within 20 days after the end of such month, a report setting
                  forth the amount of the Borrower's Liquid Assets
<PAGE>
                  as at the relevant month-end and listing, in detail reasonably
                  satisfactory to the Bank, the Liquid Assets then owned by the
                  Borrower."

         c.       By inserting into the first sentence of paragraph (iii) of
Section 3.6 of the Letter Agreement, immediately after the words "quarterly
financial statement of the Borrower", the following:

                  "or monthly statement of Liquid Assets"

         d.       By deleting from the first sentence of Section 3.7 of the
Letter Agreement the words "as at the end of each fiscal quarter of the Borrower
(commencing with June 30, 2000)" and by substituting in their stead the
following:

                  "at all times"

         e.       By deleting in their entireties Sections 3.8, 3.9 and 3.10 of
the Letter Agreement and by substituting in their stead the following:

                  "3.8. Net Worth. The Borrower will maintain at all times a
                  consolidated Tangible Net Worth which shall not be less than
                  the then-effective TNW Requirement. As used herein, the `TNW
                  Requirement' is deemed to be $260,000,000 as at June 30, 2001;
                  and as at the last day of each fiscal quarter thereafter
                  (commencing with September 30, 2001) (each, a `Determination
                  Date') the TNW Requirement will be deemed to become an amount
                  equal to the sum of (i) that TNW Requirement which had been in
                  effect on the last day of the immediately preceding fiscal
                  quarter, plus (ii) 80% of the net proceeds of any equity
                  securities sold by the Borrower during the fiscal quarter
                  ending at such Determination Date, plus (iii) 80% of the
                  consolidated Net Income of the Borrower and Subsidiaries
                  during said fiscal quarter ending at such Determination Date
                  (but without giving effect to any Net Income which is less
                  than zero for any fiscal quarter).

                  3.9. Quick Ratio. The Borrower will maintain, at all times, a
                  Quick Ratio of not less than 1.5 to 1. As used herein, `Quick
                  Ratio', as determined at any date, is the ratio of (x) Net
                  Quick Assets of the Borrower as at such date to (y) Current
                  Liabilities of the Borrower and its Subsidiaries (on a
                  consolidated basis) as at such date.

                  3.10. Liquid Assets. The Borrower will maintain at all times
                  Liquid Assets of not less than $150,000,000."

         f.       By deleting clause (vii) of Section 4.6 of the Letter
Agreement and by substituting in its stead the following:

                  "(vii) investments in any Subsidiaries now existing or
                  hereafter created by the Borrower pursuant to Section4.7 below
                  and/or in Other Permitted Ventures now existing or hereafter
                  entered into; provided that in any event the Tangible Net
                  Worth of the Borrower alone (inclusive of its investment in

                                      -2-
<PAGE>
                  any Pledged Securities Subsidiary but exclusive of its
                  investment in any other Subsidiaries and/or any Other
                  Permitted Ventures and any debt owed by any Subsidiary and/or
                  Other Permitted Venture to the Borrower) will not be less than
                  85% of the consolidated Tangible Net Worth of the Borrower and
                  Subsidiaries."

         g.       By deleting from Section 4.7 of the Letter Agreement the words
"in Digital Business Ventures and other investments".

         h.       By deleting the last sentence of Section 4.9 of the Letter
Agreement.

         i.       By deleting from the Borrower's notice address contained in
Section 6.6 of the Letter Agreement the words "Deborah Gray, Vice President and
General Counsel" and by substituting in their stead the following:

                  "Jane E. Owens, Senior Vice President and General Counsel"

         j.       By changing the notice address of the Bank, pursuant to
Section 6.6 of the Letter Agreement, to the following:

                  "Fleet National Bank
                  Technology & Communications Group
                  Mail Stop: MA DE 10009G
                  100 Federal Street
                  Boston, MA 02110
                  Attention: Larisa B. Chilton, Vice President"

         k.       By deleting from Section 7.1 of the Letter Agreement the
definition of "Digital Business Ventures" contained therein.

         l.       By deleting in its entirety the definition of "Expiration
Date" appearing in Section 7.1 of the Letter Agreement and by substituting in
its stead the following:

                  "`Expiration Date' - August 31, 2001, unless extended by the
                  Bank, which extension may be given or withheld by the Bank in
                  its sole discretion."

         m.       By inserting into Section 7.1 of the Letter Agreement,
immediately after the definition of "Indebtedness", the following:

                  "`Liquid Assets' - Such assets of the Borrower and/or of a
                  Pledged Securities Subsidiary of the Borrower as consist of
                  cash, cash-equivalents, readily-marketable commercial paper
                  rated not less than A-1/P-1, and readily-marketable debt
                  securities rated not less than AA by Standard & Poor's Rating
                  Service or its equivalent by Moody's Investors Service, Inc."

         n.       By inserting into the definition of "Loan Documents" contained
in Section 7.1 of the Letter Agreement, immediately after the words "Revolving
Note", the following:

                                      -3-
<PAGE>
                  ", the pledge by the Borrower to the Bank of the outstanding
                  capital stock of Sapient Securities Corporation"

         o.       By inserting into the Letter Agreement, immediately after the
definition of "Person", the following:

                  "`Pledged Securities Subsidiary' - Any Subsidiary of the
                  Borrower which satisfies both of the following criteria: (i)
                  such Subsidiary is a Massachusetts `security corporation'
                  within the meaning of Mass. Gen. Laws, Ch. 63, Section38B, and
                  (ii) the Bank holds a fully perfected first priority security
                  interest in all of the outstanding capital stock of such
                  Subsidiary."

         4.       The Revolving Note is hereby amended by deleting from the
third paragraph of the text of the Revolving Note the date "June 30, 2001" and
by substituting in its stead the following:

                  "the Expiration Date (as defined in the Letter Agreement, as
                  same may be amended from time to time)"

         5.       Wherever in any Financing Document, or in any certificate or
opinion to be delivered in connection therewith, reference is made to a "letter
agreement" or to the "Letter Agreement", from and after the date hereof same
will be deemed to refer to the Letter Agreement, as amended hereby. All
references in any Financing Document, or in any certificate or opinion to be
delivered in connection therewith, to the Revolving Note will be deemed to refer
to each such instrument as amended pursuant to this Agreement.

         6.       In order to induce the Bank to enter into this Agreement, the
Borrower agrees to pay, promptly upon receipt of an invoice for same, all costs
and expenses of the Bank (including, without limitation, reasonable attorneys'
fees) incurred or to be incurred in connection with this Agreement or any of the
transactions contemplated hereby.

         7.       Further, in order to induce the Bank to enter into this
Agreement, the Borrower further represents and warrants as follows:

                  a.       The execution, delivery and performance of this
Agreement have been duly authorized by the Borrower by all necessary corporate
and other action, will not require the consent of any third party and will not
conflict with, violate the provisions of, or cause a default or constitute an
event which, with the passage of time or the giving of notice or both, could
cause a default on the part of the Borrower under its charter documents or
by-laws or under any contract, agreement, law, rule, order, ordinance,
franchise, instrument or other document, or result in the imposition of any lien
or encumbrance (except in favor of the Bank) on any property or assets of the
Borrower.

                  b.       The Borrower has duly executed and delivered this
Agreement.

                  c.       This Agreement is the legal, valid and binding
obligation of the Borrower, enforceable against the Borrower in accordance with
its terms.

                                      -4-
<PAGE>
                  d.       The statements, representations and warranties made
in each of the Financing Documents continue to be correct as of the date hereof;
except as amended, updated and/or supplemented by the attached Supplemental
Disclosure Schedule.

                  e.       The covenants and agreements of the Borrower
contained in any of the Financing Documents have been complied with on and as of
the date hereof.

                  f.       No event which constitutes or which, with notice or
lapse of time, or both, could constitute, an Event of Default (as defined in the
Letter Agreement) has occurred and is continuing.

                  g.       No material adverse change has occurred in the
financial condition of the Borrower from that disclosed in the financial
statements of the Borrower heretofore most recently furnished to the Bank.

                  8.       Except as expressly affected hereby, the Letter
Agreement and each of the other Financing Documents remains in full force and
effect as heretofore. Nothing contained herein will be deemed to constitute a
waiver (except the express waivers set forth in Section 2 above) nor a release
of any provision of any of the Financing Documents. Nothing contained herein
will in any event be deemed to constitute an agreement to give a waiver or
release or to agree to any amendment or modification of any provision of any of
the Financing Documents on any other or future occasion.

                                      -5-
<PAGE>
         Executed, as an instrument under seal, as of the day and year first
above written.

                                          SAPIENT CORPORATION

                                          By:___________________________________
                                             Name:
                                             Title:

Accepted and agreed:
FLEET NATIONAL BANK

By:_____________________________
   Name:
   Title:

                                      -6-
<PAGE>
                                                                 Exhibit 10.8(a)
                        SUPPLEMENTAL DISCLOSURE SCHEDULE

                               Sapient Corporation
                            Revolving Loan Agreement
                           Disclosure Schedule 2.1(a)

Jurisdictions in which Borrower is Qualified and List of Subsidiaries:

SAPIENT CORPORATION (A DELAWARE CORPORATION)

         California
         Colorado
         Georgia
         Illinois
         Massachusetts
         New Jersey
         New York
         Texas
         Virginia

SAPIENT SERVICES CORPORATION (A DELAWARE CORPORATION)

HUMAN CODE, INC. (A DELAWARE CORPORATION)

HWT, INC. (A DELAWARE CORPORATION, APPROXIMATELY 56% OWNED BY BORROWER)

SAPIENT AUSTRALIA PTY. LTD. (AN AUSTRALIAN COMPANY)

SAPIENT CANADA INC. (AN ONTARIO CORPORATION)

SAPIENT CORPORATION PRIVATE LIMITED (AN INDIA CORPORATION)

SAPIENT GMBH (A GERMAN CORPORATION)

SAPIENT K.K. (A JAPAN CORPORATION, 88% OWNED BY BORROWER)

SAPIENT LIMITED (A UK LIMITED LIABILITY COMPANY)

SAPIENT SECURITIES CORPORATION (A MASSACHUSETTS CORPORATION)

SCE SAPIENT AND CUNEO LUXEMBOURG S.A. (A LUXEMBOURG COMPANY, 50% OWNED BY
BORROWER, OWNS 100% OF SAPIENT S.P.A., A JOINT VENTURE IN MILAN, ITALY)

THE LAUNCH GROUP AG (A GERMAN CORPORATION)

All companies are wholly-owned, first-tier subsidiaries, unless otherwise noted.

<PAGE>

                               Sapient Corporation
                            Revolving Loan Agreement
                           Disclosure Schedule 2.1(b)

List of 5% or greater stockholders (as of April 1, 2001):

Jerry A. Greenberg (Co-CEO)                 17.2%

J. Stuart Moore (Co-CEO)                    16.6%

<PAGE>

                               Sapient Corporation
                            Revolving Loan Agreement
                           Disclosure Schedule 2.1(e)

Litigation:

Sapient Corporation and Subsidiaries are not a party to any material legal
proceedings.

On June 20, 2001, a private arbitrator awarded a third party approximately $1.3
million in damages against Sapient, including interest and attorneys' fees. This
third party was a subcontractor to Sapient under a contract that Sapient had
signed with a client. The third party had alleged that Sapient had ordered
certain software licenses from the third party for the client's benefit, which
Sapient and the client denied, and was seeking approximately $2.4 million in
damages.

<PAGE>

                               Sapient Corporation
                            Revolving Loan Agreement
                           Disclosure Schedule 2.1(i)

Transactions outside the ordinary course since December 31, 2000:

On July 2, 2001, Sapient issued a press release announcing certain
cost-reduction moves, including a reduction in headcount of approximately 390
employees and the consolidation of certain United States office locations.
Sapient will take a restructuring charge of approximately $50 million in
connection with these actions. A copy of the press release is attached as
Attachment A to this Schedule 2.1(i).

<PAGE>

                         Attachment A to Schedule 2.1(i)

MONDAY JULY 2, 9:08 AM EASTERN TIME

PRESS RELEASE

SAPIENT ACCELERATES GLOBAL DELIVERY STRATEGY AND REDUCES HEADCOUNT
RELEASES PRELIMINARY RESULTS

SECOND QUARTER PRO FORMA RESULTS EXPECTED TO BE $0.01 PER SHARE BELOW CONSENSUS
ESTIMATE

CAMBRIDGE, Mass.--(BUSINESS WIRE)--July 2, 2001-- Sapient (NASDAQ: SAPE - news)
reported today that it is intensifying efforts to expand its global distributed
delivery model and drive efficiencies throughout its operations. To achieve
these objectives, Sapient is reducing its headcount by approximately 390 people,
or roughly 14 percent, and plans to substantially increase its operations in
India. Nearly all of the reductions will be in North America, where the company
will also be consolidating office space in some cities. Additionally, the
company announced its intention to exit the game development business.

"The challenges of the economic environment are obvious, but what
might be missed is the long term, underlying shift in what clients expect and
need from their business partners," said Jerry A. Greenberg, Sapient's
co-chairman and co-chief executive officer. "We believe we are uniquely
positioned to deliver high value business and technology solutions, rapidly and
cost effectively, using a global distributed delivery model. The actions we are
taking today will move us towards the balance we need in order to achieve our
strategy. However, we certainly wish that the environment were stronger so that
we could have accomplished this balance without having to let great people go."

To further the development of its Indian operations, Sapient will relocate
approximately 60 of its experienced consultants to the New Delhi office and
expand its hiring and recruitment efforts in India. "Global distributed
delivery, combined with our expertise in business strategy and user experience,
has been a competitive advantage for us and our clients over the past year,"
said Sheeroy D. Desai, Sapient's chief operating officer. "Our New Delhi
operation already comprises more than 250 people, and we have successfully
utilized our talent there to help deliver a number of key client engagements."

Sapient will take a restructuring charge of approximately $50 million, most of
which will be incurred in the third quarter of 2001. The charge will consist of
severance and related expenses from the reduction in workforce, and other costs
related to office space consolidations. The company expects cost savings from
these actions of approximately $13 million in the third quarter, and $60 million
on an annualized basis.

Sapient expects second quarter 2001 revenues of approximately $87 million and a
pro forma loss per diluted share (which excludes amortization of intangibles,
acquisition costs, stock-based compensation charges, and restructuring costs) of
$0.07 per share, compared to consensus estimates of $90 million in revenues and
a pro forma loss of

<PAGE>

$0.06 per share. Sapient anticipates that its cash position at the end of the
second quarter will remain above $250 million. The company did not give guidance
for future periods.

Sapient will host a conference call today at 11:00 a.m. (EDT) that will be
broadcast live on the Internet. During the call, Sapient officials will discuss
today's actions and the company's strategy. For webcast registration
information, please go to www.sapient.com/earnings.htm. It is advisable to
register at least 15 minutes prior to the call to download and install any
necessary audio software. A re-broadcast of the call will be available from 4:00
p.m. (EDT) today through July 16, 2001 at 11:59 p.m. (EDT) by dialing (800)
475-6701 (within the U.S.) or (320) 365-3844 (outside the U.S.) and entering
passcode 593954 when prompted.

Actual results for second quarter 2001, and further details about the company's
performance and restructuring strategy, will be reported on July 26, 2001.
Sapient will host a call at 4:30 pm (EDT) that day.

About Sapient

Sapient, a leading business and technology consultancy, helps its clients
successfully deploy technology that results in high value, explicit business
outcomes. Founded in 1991, Sapient employs approximately 2,300 people in offices
in Atlanta, Austin, Cambridge (Mass.), Chicago, Dallas, Denver, Dusseldorf,
Houston, London, Los Angeles, Milan, Munich, New Delhi, New York, San Francisco,
Tokyo, Toronto and Washington, D.C. Sapient is included in the Standard & Poor's
(S&P) 500 Index. More information about Sapient can be found at www.sapient.com.

This press release contains forward-looking statements, including statements
about expected revenues, earnings, and growth rates that involve a number of
risks and uncertainties. There are a number of factors that could cause actual
events to differ materially from those indicated. Such factors include, without
limitation, the Company's ability to continue to attract and retain high quality
employees, accurately set fees for and timely complete its current and future
client projects, the continued acceptance of the Company's services, the ability
of the Company to manage its growth and projects effectively, and the other
factors set forth in the Company's most recent Form 10-K and its quarterly Forms
10-Q for the current fiscal year, as filed with the SEC.

Sapient is a registered servicemark of Sapient Corporation.

<PAGE>

                               Sapient Corporation
                            Revolving Loan Agreement
                   Disclosure Schedule 4.1, 4.2, 4.3, and 4.5

Item 4.1 - Existing Indebtedness

Sapient Corporation and Subsidiaries have only ongoing trade payables and
accrued expenses payable related to ongoing business operations. There is not
formal debt in existence, which related to funding activities or obtaining
working capital.

Sapient does have obligations related to real and tangible personal property,
represented by real estate and equipment leases which exceed one year. These
leases are associated directly with business operations, with the schedule of
payment due dates disclosed in our annual report. A listing of these obligations
is attached.

See also the guarantees referenced in Item 4.3 below.

Item 4.2 - Existing Liens

Sapient is not aware of any existing liens.

Item 4.3 - Existing Guaranties

Sapient has issued standing letters of credit related to leased real estate in
the amount of approximately $3.6 million, which have been issued by the Bank.
Further, Sapient has, in a limited number of circumstances, guaranteed the debts
of certain non-officer employees, related to certain debts. These guarantees are
not material to the business operations of the company, and are further
guaranteed by future employee bonus payments and stock options exercises.

The company has also entered into certain guarantees in the form of performance
bonds related to HWT, Inc. which relate to services contracts entered into
between HWT and certain state government entities. These performance bonds can
be executed by these state agencies in the case of non performance of duties,
which would ultimately result in a financial settlement with Sapient
Corporation. The maximum amount represented by these performance bonds is $1.3
million.

Sapient has also guaranteed certain customer contracts and leases of its
subsidiaries in the ordinary course of business, the amounts of which are not
material individually or in the aggregate.

Item 4.5 - Existing Loans to Officers

There are no outstanding loans to SEC Section 16 officers or members of the
Board of Directors. Loans to other employees typically involve approximately one
hundred employees at any given point in time, with amounts increasing typically
during tax filing deadlines.<PAGE>

                                                                 Exhibit 10.8(b)

                       SECOND LOAN MODIFICATION AGREEMENT

         This Second Loan Modification Agreement ("this Agreement") is made as
of August 30, 2001 between Sapient Corporation, a Delaware corporation (the
"Borrower") and Fleet National Bank (the "Bank"). For good and valuable
consideration, receipt and sufficiency of which are hereby acknowledged, the
Borrower and the Bank act and agree as follows:

         1. Reference is made to: (i) that certain letter agreement dated June
30, 2000 between the Borrower and the Bank, as amended by the below-described
First Modification (as so amended, the "Letter Agreement"); (ii) that certain
$5,000,000 face principal amount promissory note dated June 30, 2000, as amended
by the First Modification (as so amended, the "Revolving Note") made by the
Borrower and payable to the order of the Bank; (iii) that certain Pledge
Agreement dated as of June 29, 2001 (the "Pledge Agreement") given by the
Borrower to the Bank; and (iv) that certain representation letter dated June 29,
2001 (the "Securities Corp. Letter") from the Borrower to the Bank. The Letter
Agreement, the Revolving Note, the Pledge Agreement and the Securities Corp.
Letter are hereinafter referred to, collectively, as the "Financing Documents".
As used herein, the "First Modification" means that certain Loan Modification
Agreement and Waiver dated as of June 29, 2001 between the Bank and the
Borrower.

         2. The Letter Agreement is hereby amended, effective as of the date
hereof:

         a. By deleting the period appearing at the end of the penultimate
sentence of Section 1.1 of the Letter Agreement and by substituting in its stead
the following:

                  "; provided, however, that after the occurrence and during the
                  continuance of an Event of Default, payments will be applied
                  to obligations of the Borrower to the Bank as the Bank
                  determines in its sole discretion."

         b. By inserting into clause (a) of the second grammatical paragraph of
Section 1.5 of the Letter Agreement, immediately after the words "made in this
letter agreement" the following:

                  "(other than any such representations or warranties which
                  expressly refer to a specific prior date)"

         c. By inserting into the last sentence of Subsection 2.1(g) of the
Letter Agreement, immediately prior to the word "deficiencies", the following:

                  "material"

         d. By deleting the third sentence of Section 3.1 of the Letter
Agreement and by substituting in its stead the following:

                  "The Borrower will qualify to do business and will remain
                  qualified and in good standing (and the Borrower will cause
                  each Subsidiary of the Borrower to qualify and remain
                  qualified and in good standing) in each other jurisdiction in
                  which the failure so to qualify would (singly or in the
<PAGE>
                  aggregate with all other such failures then existing) be
                  reasonably likely to have a material adverse effect on the
                  financial condition, business or prospects of the Borrower or
                  any such Subsidiary."

         e. By deleting the period appearing at the end of the first sentence of
Section 3.3 of the Letter Agreement and by substituting in its stead the
following:

                  "; provided that the provisions of this sentence will not be
                  deemed to require the payment of any such tax, assessment,
                  charge or levy so long as both of the following conditions are
                  being met: (1) no action is being taken by the relevant
                  governmental agency to foreclose any lien or otherwise enforce
                  any rights with respect to such tax, assessment, charge or
                  levy against any property of the Borrower and/or any of its
                  Subsidiaries and (2) the failure by the Borrower and/or any of
                  its Subsidiaries to pay any such tax, assessment, charge or
                  levy (taken together with all other such failures then
                  existing) would not be reasonably likely to have a material
                  adverse effect on the financial condition, business or
                  prospects of the Borrower or any such Subsidiary."

         f. By deleting the period appearing at the end of clause (vii) of
Section 3.6 of the Letter Agreement and by substituting in its stead the
following:

                  "; provided that to the extent that any Annual Report on Form
                  10-K, Quarterly Report on Form 10-Q, Annual Report to
                  Shareholders or annual proxy statement is readily available
                  through public websites, the Borrower will not be required by
                  this clause (vii) to furnish a copy of same to the Bank."

         g. By deleting clause (v) of Section 4.1 of the Letter Agreement and by
substituting in its stead the following:

                  "(v) operating leases of equipment and/or realty listed on
                  item 4.1 of the attached Disclosure Schedule (as amended by
                  Second Loan Modification Agreement dated as of August 30,
                  2001) plus leases entered into after August 30, 2001; provided
                  that the aggregate annual rental payable under all such leases
                  entered into after August 30, 2001 will not exceed $4,000,000
                  per fiscal year of the Borrower;"

         h. By deleting from Section 4.3 of the Letter Agreement the number
"$3,000,000" and by substituting in its stead the following:

                  "$5,000,000"

         i. By deleting the period at the end of Section 4.12 of the Letter
Agreement and by substituting in its stead the following:

                  ", as defined in Regulation U of the Board of Governors of the
                  Federal Reserve System."

                                      -2-
<PAGE>
         j. By deleting in its entirety Section 6.1 of the Letter Agreement and
by substituting in its stead the following:

                  "6.1. Costs and Expenses. The Borrower agrees to pay, on
                  demand, all costs and expenses (including, without limitation,
                  reasonable legal fees) of the Bank in connection with the
                  preparation, execution and delivery of this letter agreement,
                  the Revolving Note and all other instruments and documents to
                  be delivered in connection with any Revolving Loan and any
                  amendments or modifications of any of the foregoing, as well
                  as the costs and expenses incurred by the Bank in connection
                  with the administration, default, collection, waiver or
                  amendment of any terms of the Loan Documents, or in connection
                  with the Bank's exercise, preservation or enforcement of any
                  of its rights, remedies or options thereunder, including,
                  without limitation, reasonable fees of outside legal counsel
                  or the reasonable allocated costs of in-house legal counsel,
                  accounting, consulting, brokerage or other similar
                  professional fees or expenses, and any reasonable fees or
                  expenses associated with travel or other costs relating to any
                  appraisals or examinations conducted in connection with any
                  Revolving Loan or any collateral therefor, all whether or not
                  legal action is instituted. In addition, the Borrower shall be
                  obligated to pay any and all stamp and other taxes payable or
                  determined to be payable in connection with the execution and
                  delivery of this letter agreement, the Revolving Note and all
                  other instruments and documents to be delivered in connection
                  with any Obligation. Any fees, expenses or other charges which
                  the Bank is entitled to receive from the Borrower under this
                  Section shall bear interest from that date which is 30 days
                  after the date of any demand therefor until the date when paid
                  at a rate per annum equal to the sum of (i) four (4%) percent
                  plus (ii) the per annum rate otherwise payable under the
                  Revolving Note (but in no event in excess of the maximum rate
                  permitted by then applicable law)."

         k. By inserting into Section 6.3 of the Letter Agreement, immediately
following the first two sentences of such Section, the following:

                  "Notwithstanding the provisions of the immediately preceding
                  two sentences, the requirement for a quarterly facility fee
                  payable in arrears will be deemed effective only through and
                  including August 30, 2001. Thereafter, the following
                  provisions will apply: The Borrower will pay to the Bank with
                  respect to the within arrangements for Revolving Loans, on the
                  last day of each calendar quarter (commencing on September 30,
                  2001) as long as the within-described revolving credit
                  arrangements are in effect and on the Expiration Date or date
                  of earlier termination of such revolving credit arrangements,
                  commitment fees (`Commitment Fees') computed in arrears on the
                  daily average unused

                                      -3-
<PAGE>
                  portion of the Bank's commitment during the calendar quarter
                  (or shorter period, in the case of the first such payment and
                  in the case of early termination) then ending. Such Commitment
                  Fees will be payable, based on such daily average unused
                  portion of the Bank's commitment, at a rate of 0.375% per
                  annum, appropriately prorated for any period of less than a
                  calendar quarter. As used herein, the `unused portion of the
                  Bank's commitment', as determined at any time, means that
                  amount by which (x) $5,000,000 exceeds (y) the sum of (i) then
                  outstanding aggregate principal amount of the Revolving Loans
                  plus (ii) the then aggregate outstanding stated amounts of
                  letters of credit issued hereunder, whether such excess
                  results from the fact that the Bank has for any reason not
                  made Revolving Loans and/or issued letters of credit up to
                  said $5,000,000 amount or from the fact that Revolving Loans
                  have been repaid or due to any other reason. In addition, and
                  without limitation of the foregoing, if the within-described
                  revolving credit facility is terminated for any reason prior
                  to the Expiration Date by either the Bank or the Borrower,
                  then at the date of such early termination the Borrower will
                  pay to the Bank, as an additional fee, a sum equal to those
                  Commitment Fees which (absent such termination) would have
                  accrued from the date of such termination through the
                  Expiration Date, assuming for this purpose that no Revolving
                  Loans were outstanding and no such letters of credit were
                  outstanding during any of this period."

         l. By deleting the period at the end of Section 6.5 of the Letter
Agreement and by substituting in its stead the following:

                  "(without giving effect to conflict of laws principles)."

         m. By deleting in its entirety Section 6.12 of the Letter Agreement and
by substituting in its stead the following:

                  "6.12. WAIVER OF JURY TRIAL. THE BORROWER AND THE BANK HEREBY
                  KNOWINGLY, VOLUNTARILY AND INTENTIONALLY MUTUALLY WAIVE THE
                  RIGHT TO A TRIAL BY JURY IN RESPECT OF ANY CLAIM BASED HEREON,
                  ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS LETTER
                  AGREEMENT, THE REVOLVING NOTE OR ANY OTHER LOAN DOCUMENTS OR
                  OUT OF ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS
                  (WHETHER ORAL OR WRITTEN) OR ACTIONS OF THE BANK RELATING TO
                  THE ADMINISTRATION OF THE REVOLVING LOANS OR ENFORCEMENT OF
                  THE LOAN DOCUMENTS, AND AGREE THAT NEITHER PARTY WILL SEEK TO
                  CONSOLIDATE ANY SUCH ACTION WITH ANY OTHER ACTION IN WHICH A
                  JURY TRIAL CANNOT BE OR HAS NOT BEEN WAIVED. EXCEPT AS
                  PROHIBITED BY LAW, THE BORROWER HEREBY WAIVES ANY RIGHT IT MAY
                  HAVE TO CLAIM OR RECOVER IN ANY LITIGATION ANY SPECIAL,
                  EXEMPLARY, PUNITIVE OR CONSEQUENTIAL DAMAGES OR ANY DAMAGES
                  OTHER THAN, OR IN ADDITION TO, ACTUAL DAMAGES. THE BORROWER
                  CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF THE
                  BANK HAS

                                      -4-
<PAGE>
                  REPRESENTED, EXPRESSLY OR OTHERWISE, THAT THE BANK WOULD NOT,
                  IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING
                  WAIVER. THIS WAIVER CONSTITUTES A MATERIAL INDUCEMENT FOR THE
                  BANK TO ENTER INTO THIS LETTER AGREEMENT AND TO MAKE REVOLVING
                  LOANS AS CONTEMPLATED HEREIN.

                  6.13. Integration; Amendments. This letter agreement, the
                  Revolving Note and the other Loan Documents delivered herewith
                  are intended by the parties as the final, complete and
                  exclusive statement of the transactions evidenced by the Loan
                  Documents. All prior or contemporaneous promises, agreements
                  and understandings, whether oral or written, with respect to
                  the within-described loan facilities are deemed to be
                  superseded by this letter agreement and the other Loan
                  Documents. This letter agreement may not be amended or
                  modified except by a written instrument setting forth such
                  amendment or modification executed by the Borrower and the
                  Bank."

         n. By deleting in its entirety the definition of "Expiration Date"
appearing in Section 7.1 of the Letter Agreement and by substituting in its
stead the following:

                  "`Expiration Date' - August 30, 2002, unless extended by the
                  Bank, which extension may be given or withheld by the Bank in
                  its sole discretion."

         As a result, for the purposes of both the Letter Agreement and the
Revolving Note, the Expiration Date will be deemed to be August 30, 2002.

         o. By deleting item 4.1 of the Disclosure Schedule attached to the
Letter Agreement and by substituting in its stead the disclosure attached to
this Agreement and labeled "Item 4.1".

         3. The Revolving Note is hereby amended by deleting the period
appearing at the end of the first sentence of the second grammatical paragraph
of the text of the Revolving Note and by substituting in its stead the
following:

                  ", immediately and without notice or demand of any kind."

         4. Wherever in any Financing Document, or in any certificate or opinion
to be delivered in connection therewith, reference is made to a "letter
agreement", to the "Letter Agreement" or to the "Loan Agreement", from and after
the date hereof same will be deemed to refer to the Letter Agreement, as amended
hereby. Wherever in any Financing Document or in any certificate or opinion to
be delivered in connection therewith, reference is made to the "Revolving Note",
from and after the date hereof same will be deemed to refer to the Revolving
Note, as amended hereby.

         5. In order to induce the Bank to enter into this Agreement, the
Borrower agrees to pay, at the time of execution and delivery of this Agreement
a renewal fee of $7,500. Said renewal fee is in addition to, and is not to be
applied against or reduced by, any other payments

                                      -5-
<PAGE>
(whether in respect of principal, interest, fees and/or expenses) now or
hereafter paid or payable by the Borrower in connection with the Letter
Agreement and/or any loans made thereunder or letter of credit issued as
described therein.

         6. In order to induce the Bank to enter into this Agreement, the
Borrower also agrees to pay, promptly upon receipt of an invoice for same, all
costs and expenses of the Bank (including, without limitation, reasonable
attorneys' fees) incurred or to be incurred in connection with this Agreement or
any of the transactions contemplated hereby.

         7. Further, in order to induce the Bank to enter into this Agreement,
the Borrower further represents and warrants as follows:

         a. The execution, delivery and performance of this Agreement have been
duly authorized by the Borrower by all necessary corporate and other action,
will not require the consent of any third party and will not conflict with,
violate the provisions of, or cause a default or constitute an event which, with
the passage of time or the giving of notice or both, could cause a default on
the part of the Borrower under its charter documents or by-laws or under any
contract, agreement, law, rule, order, ordinance, franchise, instrument or other
document, or result in the imposition of any lien or encumbrance (except in
favor of the Bank) on any property or assets of the Borrower.

         b. The Borrower has duly executed and delivered this Agreement.

         c. This Agreement is the legal, valid and binding obligation of the
Borrower, enforceable against the Borrower in accordance with its terms.

         d. The statements, representations and warranties made in each of the
Financing Documents continue to be correct as of the date hereof; except as
amended, updated and/or supplemented by the attached Supplemental Disclosure
Schedule.

         e. The covenants and agreements of the Borrower contained in any of the
Financing Documents have been complied with on and as of the date hereof.

         f. No event which constitutes or which, with notice or lapse of time,
or both, could constitute, an Event of Default (as defined in the Letter
Agreement) has occurred and is continuing.

         g. No material adverse change has occurred in the financial condition
of the Borrower from that disclosed in the financial statements of the Borrower
heretofore most recently furnished to the Bank.

         8. Except as expressly affected hereby, the Letter Agreement and each
of the other Financing Documents remains in full force and effect as heretofore.
Nothing contained herein will be deemed to constitute a waiver nor a release of
any provision of any of the Financing Documents. Nothing contained herein will
in any event be deemed to constitute an agreement to give a waiver or release or
to agree to any amendment or modification of any provision of any of the
Financing Documents on any other or future occasion.

                                      -6-
<PAGE>
         Executed, as an instrument under seal, as of the day and year first
above written.

                                        SAPIENT CORPORATION

                                        By:
                                           _____________________________________
                                            Name:
                                            Title:

Accepted and agreed:
FLEET NATIONAL BANK

By:_____________________________
     Name:
     Title:

                                      -7-
<PAGE>
                                                                 Exhibit 10.8(b)

                        SUPPLEMENTAL DISCLOSURE SCHEDULE

                               Sapient Corporation
                            Revolving Loan Agreement
                           Disclosure Schedule 2.1(a)

Jurisdictions in which Borrower is Qualified and List of Subsidiaries:

SAPIENT CORPORATION (A DELAWARE CORPORATION)

         California
         Colorado
         Georgia
         Illinois
         Massachusetts
         New Jersey
         New York
         Texas
         Virginia

SAPIENT SERVICES CORPORATION (A DELAWARE CORPORATION)

HUMAN CODE, INC. (A DELAWARE CORPORATION)

HWT, INC. (A DELAWARE CORPORATION, APPROXIMATELY 56% OWNED BY BORROWER)

SAPIENT AUSTRALIA PTY. LTD. (AN AUSTRALIAN COMPANY)

SAPIENT CANADA INC. (AN ONTARIO CORPORATION)

SAPIENT CORPORATION PRIVATE LIMITED (AN INDIA CORPORATION)

SAPIENT GMBH (A GERMAN CORPORATION)

SAPIENT K.K. (A JAPAN CORPORATION, 88% OWNED BY BORROWER)

SAPIENT LIMITED (A UK LIMITED LIABILITY COMPANY)

SAPIENT SECURITIES CORPORATION (A MASSACHUSETTS CORPORATION)

SCE SAPIENT AND CUNEO LUXEMBOURG S.A. (A LUXEMBOURG COMPANY, 50% OWNED BY
BORROWER, OWNS 100% OF SAPIENT S.P.A., A JOINT VENTURE IN MILAN, ITALY)

THE LAUNCH GROUP AG (A GERMAN CORPORATION)

All companies are wholly-owned, first-tier subsidiaries, unless otherwise noted.

<PAGE>

                               Sapient Corporation
                            Revolving Loan Agreement
                   Disclosure Schedule 4.1, 4.2, 4.3, and 4.5

Item 4.1 - Existing Indebtedness

Sapient Corporation and Subsidiaries have only ongoing trade payables and
accrued expenses payable related to ongoing business operations. There is not
formal debt in existence, which related to funding activities or obtaining
working capital.

Sapient does have obligations related to real and tangible personal property,
represented by real estate and equipment leases which exceed one year. These
leases are associated directly with business operations, with the schedule of
payment due dates disclosed in our annual report. A listing of these obligations
is attached.

See also the guarantees referenced in Item 4.3 below.

Item 4.2 - Existing Liens

Sapient is not aware of any existing liens.

Item 4.3 - Existing Guaranties

Sapient has issued standing letters of credit related to leased real estate in
the amount of approximately $3.6 million, which have been issued by the Bank.
Further, Sapient has, in a limited number of circumstances, guaranteed the debts
of certain non-officer employees, related to certain debts. These guarantees are
not material to the business operations of the company, and are further
guaranteed by future employee bonus payments and stock options exercises.

The company has also entered into certain guarantees in the form of performance
bonds related to HWT, Inc. which relate to services contracts entered into
between HWT and certain state government entities. These performance bonds can
be executed by these state agencies in the case of non performance of duties,
which would ultimately result in a financial settlement with Sapient
Corporation. The maximum amount represented by these performance bonds is $1.3
million.

Sapient has also guaranteed certain customer contracts and leases of its
subsidiaries in the ordinary course of business, the amounts of which are not
material individually or in the aggregate.

Item 4.5 - Existing Loans to Officers

There are no outstanding loans to SEC Section 16 officers or members of the
Board of Directors. Loans to other employees typically involve approximately one
hundred employees at any given point in time, with amounts increasing typically
during tax filing deadlines.

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