Document:

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EXHIBIT 10.25

                              EMPLOYMENT AGREEMENT

Employment Agreement ("Agreement") made and entered into as of November 15, 2000
by and between Richard M. Applegate (the "Employee"), and Mercator Software Inc.
("Mercator"), a Delaware corporation having its principal place of business at
45 Danbury Road, Wilton, Connecticut 06897.

WHEREAS, Mercator wishes to employ the Employee and the Employee wishes to be
employed under the terms and conditions set forth herein;

NOW, THEREFORE, in consideration of the mutual covenants herein contained, the
parties hereto agree as follows:

1.    Employment and Term.

      1.1 Mercator hereby employs the Employee as Senior Vice President Finance
      and Administration and Chief Financial Officer ("SVP-CFO") for a term of
      employment as defined in paragraph 1.2 hereof. The Employee shall,
      consistent with the bylaws of Mercator and as required by the Board of
      Directors of Mercator (the "Board"), be responsible for and perform all
      lawful services, acts or things necessary or advisable which are normally
      associated with the positions of SVP-CFO, including managing finance,
      facilities, investor relations and certain other administrative functions.
      In this position the Employee is subject to the direction and supervision
      of the Chief Executive Officer ("CEO") and shall report directly to the
      CEO.

      1.2 The Employee's employment hereunder shall commence on the date hereof
      and shall continue in effect through the second anniversary of the date
      hereof; except that on each day on which the Employee is employed
      hereunder, the term of this Agreement shall automatically be extended for
      an additional day. The term of this Agreement shall expire upon any
      termination of the Employee's employment pursuant to paragraph 6 hereof.

      1.3 The Employee shall have such powers and duties as may from time to
      time be prescribed by the Board, provided that such duties are consistent
      with the Employee's position as SVP-CFO. The Employee shall devote
      substantially all of his working time and efforts to the business and
      affairs of Mercator. Notwithstanding the foregoing, nothing shall preclude
      the Employee from serving on the boards of directors of a reasonable
      number of other corporations or the boards of a reasonable number of trade
      associations which are not competitive with Mercator, or managing his
      personal investments and affairs, provided that none of the foregoing
      activities interfere with the proper performance of his duties and
      responsibilities as Mercator's VP-CFO.

      1.4 The Employee's principal place of employment during his employment
      with Mercator shall be in Wilton, Connecticut.

2.    Compensation.

      2.1 Mercator agrees to pay the Employee a salary at the annualized rate of
      Three Hundred Thousand Dollars ($300,000.00) ("Base Salary") payable in
      accordance with Mercator's standard payroll practices. Such salary shall
      be reviewed at least annually by the Board and shall be subject to
      increase, but not decrease, during the term of this Agreement.
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      2.2 The Employee shall be eligible to receive a target bonus equal to
      fifty percent (50%) of the Employee's Base Salary for each calendar year
      during the Employee's term of employment. The Employee's actual bonus for
      any year may be greater or less than the target bonus with a maximum bonus
      payment of one hundred percent (100%) of salary. Such actual bonus shall
      be determined based upon criteria established by the Compensation
      Committee of the Board, with input from the Employee, at the beginning of
      each year. Such bonus shall be payable no later than the first date that
      any other senior-level employees are paid their bonus. In the event
      Mercator adopts different bonus arrangements, Employee shall be eligible
      to participate in these arrangements, if applicable to senior management
      of Mercator and in accordance with the terms of any such arrangement and
      will not participate in any other bonus arrangements.

3.    Benefits and Expenses.

      3.1 The Employee shall be entitled to participate in all benefit plans,
      programs and arrangements of Mercator on the same basis, subject to the
      same qualifications as other Mercator employees and pursuant to Mercator's
      then prevailing policies, including, without limitation, any group
      medical, hospitalization, 401K plan or other fringe benefit plans in
      effect with respect to employees and executives of Mercator in general,
      but not including any group profit sharing or other profit-based incentive
      program.

      3.2 The Employee shall be entitled to the same number of paid holidays per
      year as set forth by Mercator for its employees in general plus twenty
      (20) paid vacation days to be scheduled by the mutual agreement of the
      parties.

      3.3 Upon presentation of proper documentation and receipts, Mercator will
      promptly reimburse the Employee for expenses he reasonably incurs in
      connection with the performance of his duties (including business travel
      and entertainment expenses).

      3.4 Relocation: i)The Employee will receive up to $50,000 (net of taxes)
      for reasonable and actual relocation expenses including a rental apartment
      through May 30, 2001, ii) house hunting trip for spouse, iii) air fare for
      permanent relocation of spouse, iv) a lump sum payment of $30,000 (net of
      taxes) upon permanent relocation to the Wilton area, a lump sum payment of
      $10,000 (net of taxes) twelve (12) months after permanent relocation to
      the Wilton area and a final lump sum payment of $10,000 (net of taxes)
      twenty-four (24) months after permanent relocation to the Wilton area.

4.    Stock Options. During each year of the Employee's term of employment, the
      Employee shall be eligible for a grant of Mercator stock options. Such
      grants shall be at a level, and on terms and conditions that are
      commensurate with his position and responsibilities with Mercator and
      appropriate in light of corresponding grants to other senior-level
      employees of Mercator. Upon employment with Mercator, the Employee shall
      be granted 100,000 stock options with a grant date of November 21, 2000.
      Fifty thousand (50,000) of these options will vest on a quarterly basis in
      one (1) year. The remainder will vest quarterly over the following three
      (3) years.

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5.    Employment Guidelines and Confidentiality.

      5.1 The Employee shall at all times be bound by and adhere to the
      Conditions of Employment attached hereto as Appendix B and incorporated
      herein by reference, including as such Conditions of Employment may be
      changed by Mercator from time to time, following communication of any such
      changes to the Employee in writing.

      5.2. At all times, both during the Employee's employment by Mercator and
      after his termination, the Employee will keep in confidence and trust all
      proprietary and confidential materials and information of Mercator and of
      Mercator's clients, including valuable trade secrets ("Confidential
      Information"). The Employee will not use or disclose any such Confidential
      Information or anything relating to it without the written consent of
      Mercator, except in the ordinary course of performing his duties as an
      employee of Mercator, to his attorney on an as needed basis or, if the
      Employee is requested or required (orally or in writing) to do so by court
      order, subpoena, administrative order, proceeding, civil investigatory
      demand, interrogatory or any similar legal process, provided that the
      Employee gives ten (10) days notice (or such shorter time as required by
      such process) of any such request or requirements to Mercator prior to
      disclosing the Confidential Information in order to allow Mercator to
      protect the Confidential Information.

6.    Termination.

      6.1 (a) Notice of Termination. Any purported termination of the Employee's
      employment by Mercator or by the Employee shall be communicated by written
      Notice of Termination to the other party hereto. For purposes of this
      Agreement, a "Notice of Termination" means a notice which shall indicate
      the specific termination provision in this Agreement relied upon and shall
      set forth in reasonable detail the facts and circumstances claimed to
      provide a basis for termination of the Employee's employment under the
      provision so indicated; notwithstanding the foregoing, if Mercator
      terminates the Employee's employment other than for Cause (as hereinafter
      defined) or if the Employee terminates his employment without Good Reason
      (as hereinafter defined), Mercator or the Employee, as the case may be,
      shall not be required to state the reasons for such termination in the
      Notice of Termination.

            (b) Date of Termination. "Date of Termination" means the date
      specified in the Notice of Termination but no less than 10 days after the
      date of the Notice of Termination if given by Mercator and no less than 30
      days after the date of the Notice of Termination if given by the Employee.

      6.2 (a) The Employee's employment under this Agreement shall terminate
      upon the death of the Employee, without further act of Mercator. In
      addition, either party may terminate the Employee's employment under this
      Agreement as a result of the Employee's Disability, upon at least 15 days
      prior written notice to the other party. For purposes hereof, "Disability"
      shall mean that the Employee, by reason of physical or mental disability
      (excluding infrequent and temporary absences due to ordinary transitory
      illness) shall be unable to perform the services required of him hereunder
      for more than three (3) consecutive months or for an aggregate of six (6)
      months during any twelve (12) month period. Disability shall be determined
      by a licensed physician selected by Mercator and reasonably acceptable to
      the Employee.

            (b) Upon any termination of the Employee's employment hereunder as a
      result of the Employee's death or Disability, the Employee shall be
      entitled to receive (i) his Base Salary and the monetary equivalent of any
      accrued but unused vacation days through the Date of Termination, (ii) a
      bonus amount

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      equal to his target bonus for the year of termination, pro rated through
      the Date of Termination, payable within 45 days after the Date of
      Termination, and (iii) any additional amounts due to him hereunder or
      under any benefit plan, program or arrangement of Mercator. In addition,
      notwithstanding any provision in any option agreement or plan to the
      contrary, in the past or in the future, upon any such termination, all of
      the Employee's Mercator stock options shall immediately vest and shall
      remain exercisable by the Employee (or her estate or beneficiaries) for
      the remainder of their originally stated terms. If, however, at the time
      of the Employee's death, the Employee is receiving severance compensation
      per the terms of this Agreement, unpaid severance will be paid to the
      Employee's estate in a lump sum.

      6.3 Mercator shall have the right to terminate the Employee's employment
      under this Agreement for Cause upon prior Notice of Termination to the
      Employee. Cause means: (i) the Employee is convicted of a felony (ii) the
      Employee's willful neglect of his material obligations and duties
      hereunder, which neglect the Employee shall fail to remedy within ten (10)
      days after written demand from Mercator, or (iii) the Employee willfully
      engages in conduct demonstrably and materially injurious to Mercator,
      monetarily or otherwise, and fails to remedy such conduct within 10 days
      after receipt of Notice thereof from Mercator. For the purpose of this
      clause, no act, or failure to act, on the part of the Employee shall be
      deemed "willful" unless done or omitted to be done, by the Employee not in
      good faith and without reasonable belief that his action or omission was
      in, or not opposed to, the best interests of Mercator. Upon any
      termination of the Employee's employment hereunder by the Company for
      Cause, the Employee shall be entitled to receive (i) his base Salary and
      the monetary equivalent of any accrued but unused vacation days through
      the Date of Termination, and (ii) any additional amounts due to him
      hereunder or under any benefit plans, program or arrangement of Mercator.
      Upon any such termination, any options granted hereunder shall immediately
      expire.

      6.4 Mercator shall have the right to terminate the Employee's employment
      under this Agreement, without Cause, at the discretion of the Board of
      Directors by Notice of Termination. If such termination occurs, Mercator
      shall pay or provide the Employee (i) unpaid salary and the monetary
      equivalent of any accrued but unused vacation days through the Date of
      Termination, (ii) from the Date of Termination a severance compensation of
      twelve (12) months of Base Salary at the rate then in effect payable in
      accordance with Mercator's standard payroll practices, (iii) a bonus
      amount equal to his target bonus for the year of termination, pro rated
      through the Date of Termination, payable within 45 days alter the Date of
      Termination; and any additional amounts due hereunder or under any benefit
      plan, program or arrangement of Mercator. Notwithstanding any provision in
      any option agreement or plan to the contrary, in the past or in the
      future, upon any such termination all of the Employee's Mercator stock
      options will immediately vest and shall remain exercisable for the
      remainder of their originally stated terms.

      6.5 The Employee shall have the right to terminate the Employee's
      employment under this Agreement by Notice of Termination for Good Reason.
      "Good Reason" means, without the Employee's written consent, the
      occurrence of any of the following: (i) a significant diminution of, or
      the assignment to the Employee of any duties inconsistent with, the
      Employee's title, status, duties or responsibilities specified in
      paragraphs 1.1 and 1.3 hereof; (ii) a reduction by Mercator in the
      Employee's annual Base Salary as in effect on the date hereof or as the
      same may be increased from time to time or the Employee's target bonus as
      a percentage of Base Salary; (iii) the failure by Mercator to continue in
      effect any compensation plan or other fringe benefit provided by Mercator
      in which the Employee is then participating which by itself or in the
      aggregate is material to the Employee's total compensation unless there
      shall have been instituted a replacement or substitute plan or fringe
      benefit providing comparable benefits: (iv) the relocation of the
      Employee's office at Mercator more than fifty (50) miles from Wilton, CT;
      or (v) the failure of Mercator to obtain the written assumption of this
      Agreement by any successor to all or substantially all of its assets or
      business within thirty (30) days after a merger, consolidation, sale or
      similar change of control transaction.

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      Upon any such termination, the Employee shall be entitled to the same
      payments and benefits (including, without limitation, vesting of options)
      specified in paragraph 6.4.

      6.6 Within one year following a "Change of Control" of Mercator (as
      defined below), the Employee may elect to terminate his employment upon
      thirty (30) days' written notice to the Board. In the event that the
      Employee shall elect to terminate his employment pursuant to this
      paragraph, upon any such termination the Employee shall be entitled to the
      same payments and benefits (including, without limitation, vesting of
      options) as specified in paragraph 6.4. Upon a "Change of Control" of
      Mercator (as defined below) notwithstanding any provision in any option
      agreement or plan to the contrary, in the past or in the future, all of
      the Employee's outstanding stock options will vest and become immediately
      exercisable.

      6.7 Upon Notice of Termination of this Agreement, irrespective of the
      reason therefor, the Employee shall promptly turn over to Mercator all
      proprietary and confidential materials of the kind referred to in Section
      5 and all tangible forms of the Employee's work product (including work
      files) without retaining any copies or duplicates thereof, except as to
      which Mercator may in writing give permission.

      6.8 In the event of any termination of the Employee's employment with
      Mercator under the Agreement, the Employee shall be under no obligation to
      seek other employment or otherwise mitigate the obligations of Mercator,
      and, there shall be no offset against amounts due to the Employee under
      this Agreement on account of any remuneration or other benefit earned or
      received by the Employee attributable to any subsequent employment that he
      may obtain.

      6.9 Any amounts due under this Section 6 are considered to be reasonable
      by Mercator and are not in the nature of a penalty.

      6.10 For purposes of this Agreement, a "Change of Control" shall be deemed
      to have occurred if (a) any "person" (as such term is used in Sections
      13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the
      "Exchange Act"), other than a trustee or other fiduciary holding
      securities under an employee benefit plan of Mercator, or a corporation
      owned, directly or indirectly by the stockholders of Mercator in
      substantially the same proportions, becomes after November 15, 2000 the
      "beneficial owner" (as defined in Rule 13d-3 under the Exchange Act),
      directly or indirectly, of securities of Mercator representing 20% or more
      of the combined voting power of Mercator's then outstanding securities;
      (b) the composition of the Board changes such that, during the employment
      period, individuals who at the beginning of such period constitute the
      Board and any new director whose election by the board or nomination for
      election by Mercator's stockholders was approved by a vote of at least
      three-fourths (3/4) of the directors then still in office who either were
      directors at the beginning of the period or whose election or nomination
      for election was previously so approved, cease for any reason to
      constitute a majority thereof; (c) substantially all the assets of
      Mercator are disposed of by Mercator pursuant to a merger, consolidation,
      partial or complete liquidation, a sale of assets (including stock of a
      subsidiary) or otherwise, but not including a reincorporation or similar
      transaction resulting in a change only in the form of ownership of such
      assets, or (d) Mercator combines with another Company and is the surviving
      corporation but, immediately after the combination, the shareholders of
      Mercator immediately prior to the combination hold, directly or
      indirectly, 50% or less of the voting stock of the combined company.

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7.    Restrictive Covenants.

      7.1 The Employee agrees that during the term of this Agreement and for a
      period of twelve (12) months following the Date of termination of this
      Agreement, he will not, directly or indirectly, own, operate, manage,
      join, control, or participate in the ownership, management, operation or
      control of, or be connected with as a partner, stockholder, director,
      officer, agent, employee, or consultant, any business, firm, or
      corporation in any capacity that involves the development, production or
      sale of any product that is directly competitive with Mercator in the
      territories Mercator serves; except that nothing in this Section 7.1 shall
      bar the acquisition of any publicly traded securities which do not confer
      upon the Employee the right to control or influence the policy of the
      issuer.

      7.2 The Employee further agrees that for a period of one (1) year
      following the termination of this Agreement, he will not, without the
      prior written consent of Mercator, (a) solicit for employment any of the
      staff of Mercator or of Mercator's customers, or (b) solicit the business
      of Mercator's customers for products that are directly competitive to
      Mercator products.

      7.3 In the event a court of competent jurisdiction finds any part of this
      Article 7 unenforceable, the parties agree that such finding shall not
      effect or render invalid or unenforceable any other provision of this
      Article. The parties further agree to execute any amendments necessary to
      accomplish the intent of this Article to the fullest extent possible under
      the law.

8.    Remedies. The parties hereto recognize that, in the event of any breach by
      the Employee of the provisions of Paragraphs 5.2 or 7 hereof, damages may
      be difficult, if not impossible to ascertain and it is therefore agreed
      that Mercator, in addition to and without limiting any other remedy it
      might have under this Agreement, or at law or in equity, shall be entitled
      to an injunction against the Employee issued by any court of competent
      jurisdiction enjoining any such breach.

9.    Representation and Warranty, The Employee represent and warrants that he
      is not now or on the date of commencement of this Agreement, a party to
      any agreement, contract or understanding, whether of employment or
      otherwise, which would in any way restrict or prohibit him front
      undertaking or performing employment in accordance with the terms and
      conditions of this Agreement.

10.   Indemnification. (a) Mercator agrees that (i) if the Employee is trade a
      party, or is threatened to he made a party, to any threatened or actual
      action, suit or proceeding, whether civil, criminal, administrative,
      investigative, appellate or otherwise (a "Proceeding") by reason of the
      fact that he is or was a director, officer or employee of Mercator or is
      or was serving at the request of Mercator as a director, officer, member,
      employee or agent of another corporation, partnership, joint venture,
      trust or other enterprise, including service with respect to employee
      benefit plans, whether or not the basis of such Proceeding is the
      Employee's alleged action in an official capacity while serving as a
      director, officer, member, employee or agent, the Employee shall promptly
      he indemnified and held harmless by Mercator to the fullest extent legally
      permitted or authorized by Mercator's certificate of incorporation or
      bylaws or, if greater, by the laws of the State of Delaware against any
      and all costs, expenses, liabilities and losses (including, without
      limitation, attorney's fees, judgments, interest, expenses of
      investigation, penalties, fines, ERISA, excise taxes or penalties, amounts
      paid or to be paid in settlement) reasonably incurred or suffered by the
      Employee in connection therewith. Such indemnification shall continue as
      to the Employee even if he has ceased to be a director, member, trustee,
      fiduciary, partner, employee, agent, manager, consultant or representative
      of Mercator or, at Mercator's request, of another person or entity and
      shall inure to the benefit of the Employee's heirs, executors and
      administrators. Mercator shall advance to the Employee all costs and
      expenses incurred by the Employee in connection with any such Proceeding
      within 15 days after

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      receiving written notice requesting such an advance. Such notice shall
      include, to the extent required by applicable law, an undertaking by the
      Employee to repay the amount advanced if he is ultimately determined not
      to be entitled to indemnification against such costs and expenses.

      (b) Neither the failure of Mercator (including its board of directors,
      independent legal counsel or stockholders) to have made a determination
      prior to the commencement of any proceeding concerning payment of amounts
      claimed by the Employee under paragraph 10(a) that indemnification of the
      Employee is proper because he has met the applicable standard of conduct,
      nor a determination by Mercator (including its board of directors,
      independent legal counsel or stockholders) that the Employee has not met
      such applicable standard of conduct, shall create a presumption that the
      Employee has not met the applicable standard of conduct.

      (c) Mercator agrees to continue and maintain a directors' and officers'
      liability insurance policy covering the Employee to the extent Mercator
      provides such coverage for its other executive officers, and to no
      significantly lesser extent than in effect on the date hereof

11.   Miscellaneous.

      11.1 Should any provision or part of this Agreement be declared void or
      unenforceable by any court or administrative body of competent
      jurisdiction, such provisions or part shall be deemed severable and,
      without farther action by the parties to this Agreement, shall be severed
      from the remainder of this Agreement which shall continue in all respects
      valid and enforceable.

      11.2 Any notices or communications hereunder shall be in writing and shall
      be personally delivered or sent by registered or certified mail to the
      addresses specified on the last page hereof or, after proper notice, to
      such addresses as the parties may specify.

      11.3 This Agreement shall be binding upon and inure to the benefit of
      Mercator, its successors or assigns, or any corporation which acquires all
      or substantially all of its assets. This Agreement is personal as to the
      Employee and shall not be assignable by the Employee.

      11.4 This Agreement constitutes the entire understanding of the parties
      hereto with respect to the Employee's employment and her compensation
      therefor and supersedes any prior Agreements and understandings between
      the parties concerning employment or compensation.

      11.5 Except as otherwise set forth in this Agreement, the respective
      rights and obligations of the parties hereunder shall survive any
      termination of the Employee's employment hereunder.

      11.6 This Agreement shall be governed by and construed under the laws of
      the State of Connecticut.

      11.7 The captions appearing in this Agreement appear as a matter of
      convenience only and in no way define or limit the scope and intent of any
      of the provisions hereof.

      11.8 No provision in this Agreement may be amended unless such amendment
      is set forth in a writing signed by the parties. No waiver by either parry
      of any breach of any condition or provision contained in this Agreement
      shall be deemed a waiver of any similar or dissimilar condition or
      provision at the same or any prior or subsequent time. To be effective,
      any waiver must be set forth in a writing signed by the waiving party.

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

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IN WITNESS WHEREOF, the panes hereto have executed this Agreement as of the date
first set forth above.

Mercator Software Inc.                        The Employee:
45 Danbury Road
Wilton, CT 06897

By: /s/ J. P. Schadt                          /s/ Richard M. Applegate
   --------------------------                 --------------------------
   J. P. Schadt                               Richard M. Applegate
   Chairman                                   402 Cross Vine Lane
                                              Greensboro, NC 27455

                                       8<PAGE>

EXHIBIT 10.26

                        SEPARATION AND RELEASE AGREEMENT

            WHEREAS, the employment of Patricia T. Boggs ("Employee") with
Mercator Software, Inc. (the "Company") will terminate in accordance with the
terms of this Agreement; and

            WHEREAS, the parties mutually agree to resolve any claims or
disputes that may exist between them,

            THEREFORE, the parties agree as follows;

                  1. Employee's last day of active employment with the Company
shall be November 17, 2000.

                  2. In addition to pay through her last day of active
employment and pay for accrued but unused vacation time, the Company will pay
Employee twelve (12) months salary, at her rate currently in effect, as
severance pay. These payments will commence after the expiration of the
revocation period set forth in paragraph 9 below, and will be through the
Company's regular payroll, net of applicable deductions, in addition, Employee
will be paid her targeted 2000 bonus of $l00,000, such bonus to be paid by
January 15, 2001.

                  3. Employee may continue her group medical and dental
insurance in accordance with the provisions of COBRA. The Company will pay for
such coverage either for eighteen (18) months, or until Employee finds
equivalent coverage, whichever occurs first. In addition the Company shall pay
for Employee's present group life insurance for eighteen (18) months from the
date hereof.

                  4. The Company will pay for three (3) months of outplacement
services for Employee, such services to be provided by Right Management.

                  5. Employee shall give such assistance as may be reasonably
required by the Company in any litigation the Company may be a party to and the
Company shall reimburse the Employee for any out-of-pocket expenses Employee
incurs in such litigation.
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Employee shall immediately turn over to the Company the items in her possession
listed in Schedule 1 annexed hereto and made a part hereof. The Company shall
indemnify and hold harmless Employee for any liability or expenses incurred as a
result of Employee's being charged with or held liable for any actions taken as
a part of or in connection with such litigation.

                  6. Employee shall retain possession and be granted ownership
of the Company computer and printer currently in the Employee's home.

                  7. Employee recognizes that the payments and other benefits
referred to in paragraphs 2, 3, and 4 include amounts and benefits above and
beyond any amounts otherwise due her for services rendered or to be rendered or
under the Company's general policies or programs. In consideration of and as a
condition to these payments and other benefits, on behalf of herself, her heirs
or her assigns, Employee hereby, to the extent allowed by law, releases and
forever discharges the Company and all of its affiliates, present or former
officers, directors, employees, agents, successors or assigns of and from any
claim for future employment, and of and from all claims or causes of action or
other demands whatsoever, which she ever had, now has, or hereafter can, shall
or may have against the Company, known or unknown arising out of or related to
her employment relationship with the Company or the termination of that
relationship. The real or potential claims that Employee may be releasing under
this Agreement include but are not limited to any claim that Company in any way
discriminated against her on account of her race, color, religious creed, sex,
age, marital status, national origin, ancestry, alienage, veteran status,
present or past history of mental disorder, mental retardation or physical
disability, or sexual preference as well as any claim that Company wrongfully
terminated her employment or breached any express or implied employment
contract, and any associated attorneys fees. Employee further understands that
the claims that she may be releasing under this Agreement include any possible
claims of age discrimination under state law and under the federal Age
Discrimination in Employment Act, 29 U.S. Code ss. 621 et seq., for any events
that took place up to the date of this Agreement.

                  9. Employee acknowledges and agrees that before signing or
rejecting it she has been permitted at least twenty-one (21) days to consider
whether to enter into

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this Agreement, and the consequences of such an Agreement, and that she has been
encouraged by the Company to consult with an attorney to review this Agreement
and its consequences and has done so.

                  10. Employee acknowledges and agrees that she may revoke this
Agreement at any time up to and including the seventh (7th) day after she has
executed it. Any such revocation must be in writing to the Company by the close
of business on the date ending said revocation period. If revoked, this
Agreement shall be null and void in its entirety.

                  11. As part of this Agreement, Employee shall refrain from
taking action or making statements, written or oral, which either disparage or
defame the goodwill or reputation of the Company, its directors, officers and
employees or which could adversely affect the morale of other employees. The
Company shall refrain from taking action or making statements, written or oral,
which either disparage or defame the reputation of the Employee.

                  12. Except for informing her spouse and communicating with
legal or financial advisers, and except as otherwise may be required by
applicable law, Employee will keep confidential the terms and conditions of this
Agreement. The Company will keep confidential the terms and conditions of this
Agreement, except as required by applicable law or the provisions hereof

                  13. Employee recognizes and agrees that this Agreement is not
intended to imply any wrongdoing on the Company's part with respect to her
employment or its termination, or any other reason, and shall not constitute
evidence of the same.

                  14. Employee's decision to enter into this Agreement is based
solely on the mutual considerations described above and is wholly her free act
and deed. Before signing this Agreement Employee has had the opportunity to
carefully consider the terms and ramifications of the Agreement and the
opportunity to consult with the advisors, legal or otherwise, which the Company
has encouraged Employee to do.

                  15. if any terms of this Agreement are declared invalid by any
court of competent jurisdiction, the Agreement shall be deemed amended by
excluding the invalid term

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or terms, and all remaining terms shall continue in full force and effect.
Employee agrees to execute such amendments as may be necessary to accomplish the
intent of this paragraph, which is to maintain in force all terms of this
Agreement to the full extent permitted by law.

                  16. Employee represents and warrants that Employee has not
flied any complaints, charges or proceedings asserting any claims against the
Company or its parents, subsidiaries or affiliates, predecessors, successors or
assigns, or its or their respective current and/or former partners, directors,
trustees, shareholders/stockholders investors, officers, employees, attorneys
and/or agents.

                  17. Employee is in possession of property, including but not
limited to documents, materials and equipment, that is the property of the
Company ("Company property"). Except for the Company property referred to in
paragraph 6 hereof. Employee agrees to return to the Company at the execution of
this Agreement the Company property, which includes but is not limited to all
originals and copies, whether in electronic or other form and whether in draft
or final form of: (i) trade secrets; (ii) confidential information; (iii)
business or marketing plans or proposals; (iv) names, telephone numbers, contact
names, addresses and/or business cards of Company prospects, customers and
potential customers; (v) customer lists; (vi) prospect lists; (vii) customers
contracts or proposals and other customer information; (viii) sales information;
(ix) pricing information; (x) quotes; (xi) projections; (xii) manuals; (xiii)
files; (xiv) notes; all software programs and data compiled with the use of
programs; diskettes or CD-roms and any information, tangible or intangible,
stored thereon; and in addition; (i) cellular or mobile telephones; (ii)
laptops, printers or any other computer hardware; (iii) credit cards; (iv)
passwords; (v) telephone charge cards; (vi) building keys and passes; and any
and all other information or property that is or was related to Employee's
employment with the Company. Employee agrees that in the event that Employee
discovers any other Company property or proprietary materials in Employee's
possession after the execution of this Agreement, Employee will immediately
return such materials to the Company.

                  18. Employee agrees not to reveal to any person or entity any
Confidential Information. The term "Confidential Information" shall include,
without limitation,

                                       4
<PAGE>

any information concerning the organization, business or finances of the Company
or of any third party which the Company is under an obligation to keep
confidential and that is maintained by the Company as confidential. Such
Confidential Information shall include, but is not limited to, trade secrets or
confidential information respecting inventions, products, designs, methods, know
how, techniques, systems, processes, engineering data, software programs,
software code, works of authorship, customer lists, customer information,
marketing or sales information, financial information, pricing information,
business plans, projects, plans and proposals. Employee further shall maintain
confidentiality concerning the dollar amount and all other terms of this
Agreement. Other than as required pursuant to legal process, Employee will not
discuss the same with anyone except Employee's immediate family and accountants
or attorneys when such disclosure is necessary for them to render professional
services. Nothing herein shall prohibit or bar Employee from providing truthful
testimony in any legal proceeding or in communicating with any governmental
agency or representative or from making any truthful disclosure required,
authorized or permitted under law; except that in providing such testimony or
making such disclosures or communications Employee will use her best efforts to
ensure that this paragraph is complied with to the maximum extent possible.

      12/22/00                                /s/ Patricia T. Boggs
---------------------                -------------------------------------
        Date                               Patricia T. Boggs

                                               MERCATOR SOFTWARE

November 14, 2000                   By /s/ [Illegible]
---------------------                  -------------------------------------
     Date                           Its   Vice President, Human Resources

                                       5
<PAGE>

                                   Schedule I

1.)   Personal Notebook/Dairy: When we interviewed Pat, she said that she keeps
      a small notebook in which she writes notes to herself about meetings,
      projects, etc. She also stated that she was certain that that there are
      notes about the Carpet Once project in the notebook. She had one of these
      notebooks during our interview.

2.)   Monthly status reports from consulting managers. In addition any key
      account reports, if these differ from the monthly status reports.

3.)   Pat's monthly report to Connie Galley (if these contain any reference to
      the project). These were based on the monthly status reports that she
      received from the consulting managers.

4.)   Any handwritten notes, files, etc. regarding the project. For example, Pat
      Boggs held conference calls with consulting managers twice a month and
      weekly staffing calls. To the extent that she has any notes, files,
      documents, etc. regarding the project, we would like them.

5.)   All e-mails or documents on Pat's work computer, as well as her home
      computer regarding the project.

                                       6

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