Document:

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                                                                   Exhibit 10.9

Mr. Walter F. Scott III
2407 Hidden Shore Drive
Katy, TX 77450

Dear Walter:

         I am pleased to make this offer to you to join Embarcadero
Technologies (the "Company") as its Vice President of Sales. If you accept
this offer, we are assuming that you will commence employment not later than
January 4, 2000.

     The terms of your employment are as follows:

         1.  SALARY. Your base salary will be $16,666,67 per month
(equivalent to $200,000 per year).

         2.  BONUS. You shall be eligible to earn an annual bonus of up to
$300,000 per year based on the achievement of sales and personal goals. This
bonus shall be structured so that you will earn $100,000 at 100% of our
internal plan and $10,000 for each 1 % above of our internal plan up to a
maximum of $300,000.

         3.  STOCK OPTIONS. You will be granted seven-year standard-form
options to purchase (a) 250,000 shares of Common Stock at an exercise price
of $3.00 per share and (b) 50,000 shares of Common Stock at an exercise price
of $10.00 per share. Your options shall vest over four years on a semi-annual
basis at a rate of 12.5% on each six-month anniversary of your start date.
Your options shall cease vesting upon termination of your employment, except
as set forth in paragraph 7 below. In the event of a "change in control,"
your options shall become fully vested, except that if either (i) the change
of control occurs within six months of the commencement of your employment or
(ii) within such six-month period the Company enters into an agreement that
would result in a change of control and such change of control occurs within
nine months of the commencement of your employment, you shall vest in
ascending order of exercise price, the greater of (a) the number of shares
such that you realize. $6 million in value between the purchase price of such
underlying shares and the applicable. exercise price on such shares or (b)
150,000 shares, You have informed the Company that your current employer may
assert that you have breached the terms of your option agreement by accepting
employment with the Company. Although both you and the Company believe that
any such assertion by your current employer has no merits as the Company is
not in a business competitive With the business of your current employer, the
Company has agreed to reimburse you 70% of any actual lost profits you suffer
(estimated to equal $224,000), which arises from your current employer
successfully asserting that you have breached the terms of your option
agreement by being employed by the Company Such reimbursement shall be made
to you in cash or common stock of the Company, as determined by the Company
in its sole discretion, and paid within five days of any final judgment
against you. The Company also agrees to pay the reasonable costs of defending
you against any such claim made by your currently employer, in an amount not
to exceed $50,000 in the aggregate.

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         For purposes of the preceding paragraph, a change in control means
the occurrence of either of the following:

                  (a)   any "person" (as used in Section 13(d) of the
                        Securities Exchange Act of 1934 and the rules
                        promulgated thereunder) becomes the "beneficial
                        owner" (as defined in Rule 13d-3) of securities
                        representing a majority of the voting power of the
                        then outstanding securities of Embarcadero
                        Technologies; or

                  (b)   a sale of assets involving all or substantially all
                        of the assets of Embarcadero Technologies, or a
                        merger or consolidation of Embarcadero Technologies
                        in which the holders of securities of Embarcadero
                        Technologies immediately prior to such event hold in
                        the aggregate less than a majority of the securities
                        of Embarcadero Technologies immediately after such
                        event.

         4.  RELOCATION ASSISTANCE. Embarcadero Technologies will reimburse
you for the reasonable and customary out-of-pocket expenses associated with
(i) the sale of your existing residence and purchase of a new residence in
the Bay Area (within twelve months of your relocation) including real estate
commissions on the sale of your existing residence and reasonable and
customary closing expenses paid by you on your new home; (ii) the relocation
of your family and household goods to the Bay Area, including travel and
temporary housing expenses in the Say Area for a period not to exceed twelve
months; (iii) two additional round trips between Houston and the Bay Area for
you and your family to prepare for your move; and (iv) up to $50,000 to cover
any capital loss that you suffer in the sale of your home in Houston. The
reimbursement of expenses listed In (i), (ii) and (iii) above shall not
exceed $120,000,

         5.  PROPRIETARY INFORMATION. You will be required to sign
Embarcadero Technologies' standard employee confidential information and
inventions agreement.

         6.  SEVERANCE. Your employment will be at will, which means that either
you or Embarcadero Technologies may terminate your employment at any time with
or without "cause" (as defined below). However, in the event you are terminated
without cause by the Company, you will be entitled to severance pay in an amount
equal to 6 months' base salary (which will be payable in monthly installments)
and the Company will also continue to pay your medical and dental benefits in
accordance with the benefits you were receiving at the time of your termination
for six months. In addition, if your are terminated without cause by the Company
during the first year of your employment, 25% of your options shall become
vested; or, if you are terminated without cause after the first year of your
employment, your option shall continue to vest during the six months that you
are receiving severance payments.

         In the event that you voluntarily leave the Company or you are
terminated by the Company with cause, no severance pay will be due to you.
"Cause" shall mean (a) fraud or illegal acts; (b) material violation with
consequential damages to the Company of Company

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agreements, including the Company's confidential information and inventions
agreement: (c) material failure to perform your job function to a reasonable
standard after notice of such failure has been given to you by the Board and
you have had a 16 business-day period to cure such failure or (d) any other
reason deemed cause under applicable California law.

         7.  ARBITRATION. In the event of any dispute arising out of or relating
to your employment relationship or its termination (including without limitation
claims for breach of contract, wrongful termination, or age, race, sex,
disability or other discrimination) that it is not resolved by good faith
negotiations between the parties, you and Embarcadero Technologies agree fully,
finally and exclusively to arbitrate the dispute in binding arbitration under
the Employment Dispute Resolution Rules of the American Arbitration Association
in San Francisco County, California, rather than litigate the dispute in court;
provided that this arbitration provision shall not apply to any dispute relating
to or arising out of the alleged misuse or misappropriation of Embarcadero
Technologies' trade secrets or proprietary information. In the event of
arbitration, the arbitrator shall be allowed to assess costs.

         8.  TERM OF OFFER. This offer will remain in effect until 5:00 p.m.
(Pacific Standard Time) on December 31, 1999.

         I am enthusiastic about your joining Embarcadero Technologies and look
forward to working with you.

                                                   Very truly yours,

                                                   /s/ Dennis Wong

                                                   Dennis J. Wong
                                                   Director

ACCEPTED AND APPROVED:

Date: December 31, 1999

/s/ Walter F. Scott III
--------------------------
Walter F. Scott III<PAGE>

                                                                  Exhibit 10.10

                    SEPARATION AGREEMENT AND GENERAL RELEASE
                                  ("Agreement")

         This Separation Agreement and General Release (the "Agreement")
effective as of February 1, 2000 (the "Effective Date") is made by and between
Embarcadero Technologies, Inc., a California corporation (the "Company"), and
Stuart Browning, an individual ("Browning").

                                   WITNESSETH:

         WHEREAS, the parties to this Agreement are Stuart Browning, his heirs,
representatives, successors and assigns (hereinafter referred to collectively as
"Browning") and Embarcadero Technologies, Inc. and/or any of its predecessors,
successors, subsidiaries, affiliates or related companies (hereinafter referred
to collectively as "the Company").

         WHEREAS, Browning has served the Company as an employee from the
Company's formation to the present; and

         WHEREAS, Browning has agreed to resign his employment from the Company
effective February 1, 2000 pursuant to the terms below; and

         WHEREAS, the Company intends to make certain payments and to provide
certain other benefits to Browning on the terms and conditions herein set forth.

         NOW, THEREFORE, IN CONSIDERATION of the mutual promises hereinafter set
forth, the parties hereto agree as follows:

         1. The Company shall pay Browning severance compensation in the amount
of one hundred twenty thousand dollars ($120,000). This amount shall be paid in
monthly installments of ten thousand dollars ($10,000) per month for a period of
one year beginning February 1, 2000 and ending January 31, 2001 (the "Severance
Period"). All amounts paid pursuant to this Paragraph shall be subject to the
appropriate withholdings, in the same manner as withholdings were deducted
throughout Browning's tenure of employment.

         2. The Company further agrees to provide Browning with full
participation in the Company's health, disability and life insurance benefit
programs, at the Company's expense, during the Severance Period. At the
conclusion of the Severance Period, Browning will be eligible for continued
coverage in the aforementioned benefit plans to the fullest extent provided by
applicable law. Browning hereby agrees that if at any time during the Severance
Period he becomes

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employed by another entity and becomes eligible for benefit coverage, he will
notify the Company and terminate his insurance coverage with and through the
Company at the earliest possible date.

         3. The Company further agrees that Browning shall have full right,
title and interest to the 2,400,000 shares of Common Stock in the Company held
by Browning as of the Effective Date of this Agreement.

         4. As consideration and inducement for this Agreement, Browning hereby
waives, releases and forever discharges the Company, its affiliates, and its
directors, officers, shareholders, employees and agents from any and all
complaints, claims, suits, causes of action, known or unknown, whether in law or
in equity, which he has asserted or could now assert at common law or under any
statute, regulation, or law, whether federal, state or local, on any ground
whatsoever, including, but not limited to, the California Labor Code, as
amended, Title VII of the Civil Rights Act of 1964, as amended, the California
Fair Employment and Housing Act, as amended, the Equal Pay Act, as amended, the
Rehabilitation Act of 1973, as amended, the Employee Retirement Income Security
Act of 1974, as amended, Section 1981 of Title 42 of the United States Code, the
Age Discrimination in Employment Act of 1967, the Older Workers' Benefit
Protection Act, the Americans with Disabilities Act, and any other claims
relating to or with respect to any event, matter, or occurrence arising out of
or in any way associated with his employment by the Company, the termination of
that employment or any acts or omissions of the Company relating thereto prior
to the Effective Date of this Agreement; provided, however, that this release
shall not constitute a release with respect to any obligations of the Company
set forth in this Agreement.

         5. The Company hereby waives, releases and forever discharges Browning,
his heirs, executors, administrators, insurers, successors and assigns from any
and all complaints, claims, suits, causes of action, known or unknown, whether
in law or in equity, which the Company has asserted or could now assert at
common law or under any statute, regulation, or law, whether federal, state or
local, on any ground whatsoever, and any other claims relating to or with
respect to any event, matter, or occurrence arising out of or in any way
associated with Browning's employment by the Company, the termination of that
employment or any acts or omissions of Browning relating thereto prior to the
Effective Date of this Agreement (including, without limitation, his ownership
of the Common Stock referred to in paragraph 3, above); provided, however, that
this release shall not constitute a release with respect to any obligations of
Browning set forth in this Agreement.

         6. Browning also agrees that he will not make any written or oral
communications that could reasonably be considered to be in derogation of the
Company in any respect, including, but not limited to, the Company's business,
technology, products, employees, officers, directors, or agents.

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         7. The Company also agrees that it will cause its officers and
directors not make any written or oral communications that could reasonably be
considered to be in derogation of Browning or the performance of his job duties
while employed by the Company.

         8. During the Severance Period, Browning will make himself available
upon reasonable notice, at reasonable times and places, to act as a consultant
to the Company in connection with its business activities.

         9. Browning further agrees that any and all information and data
obtained by or disclosed to him at any time during his employment with the
Company, which is not generally known to the public, including but not limited
to information concerning the Company's customers, methods of operation,
processes, practices, policies, programs procedures, and/or personnel data, are
confidential and/or proprietary to the Company, constitute trade secrets of the
Company and shall not be disclosed, discussed, or revealed to any persons,
entities or organizations, outside of the Company, without prior written
approval of an authorized representative of the Company, to the extent permitted
by law.

         10. Browning also agrees that as part of his consideration for the
payments and benefits provided herein and to protect the Company's confidential
and proprietary information, Browning agrees that during the Severance Period:

                  a. he will not directly or indirectly solicit or accept
         customers/clients/or business opportunities of the Company;

                  b. he will not directly or indirectly solicit or induce any
         employee of the Company to terminate his or her employment with the
         Company; and

                  c. he will not engage in or pursue any business opportunity to
         develop or design products competitive with the products of the
         Company. (Browning and the Company agree and acknowledge that the
         Company's products include those products listed on Attachment B.)

         11. As to the matters released in Paragraphs 4 and 5 above, Browning
and the Company hereby respectively waive and release any and all rights under
Section 1542 of the California Civil Code or any analogous state, local, or
federal law, statute, rule, order or regulation. California Civil Code Section
1542 reads as follows:

         A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT
         KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE
         RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS
         SETTLEMENT WITH THE DEBTOR.

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         Subject to the limitations of paragraphs 4 and 5 above, Browning and
the Company hereby expressly agree that this Agreement shall extend and apply to
all unknown, unsuspected and unanticipated injuries and damages as well as those
that are now disclosed.

         9. Browning agrees that, if so requested by the Company and the
representative of the underwriter(s), he shall not sell or otherwise transfer
(other than to donees who agree to be similarly bound) any securities of the
Company during the 180 day period following the effective date of a registration
statement of the Company filed under the Securities Act of 1933, as amended,
provided that all officers and directors of the Company and persons holding 5%
or more of the Company's securities enter into similar agreements.

         10. The parties hereby acknowledge that in signing this Agreement they
may be waiving certain legal rights.

         11. Browning warrants and represents that he has not filed any claim,
charge, action or complaint concerning any matter referred to in this Agreement.
Browning further agrees neither to file nor to encourage another to file any
claims, charges, actions or complaints for damages concerning any matter
referred to in this Agreement, except as otherwise provided by law.

         12. This settlement was either negotiated for the parties by
representatives of their own choosing, or, after having had a reasonable
opportunity to obtain representatives of their own choosing, they elected to
represent themselves in such negotiations. The parties are voluntarily agreeing
to this compromise agreement. It is agreed that this is a compromise settlement
and that the payment under this Agreement is not an admission of any liability
or obligation.

         13. Browning and the Company agree that he and it will neither disclose
nor voluntarily allow anyone else to disclose either the fact of, the reasons
for, or the provisions of this Agreement without the prior written consent of
the other party, unless required to do so by law, provided, that Browning and
the Company nonetheless may disclose this Agreement and its provisions to his or
its attorney, accountants and any taxing authority, and that the Company may
disclose the fact of Browning's resignation and the fact that he is being paid
severance (including the amount of such severance) as required pursuant to
necessary corporate disclosures.

         14. Browning and the Company expressly state that they have read this
Agreement and understands all of its terms, that the preceding paragraphs recite
the sole consideration for this Agreement, and that this Agreement constitutes
the entire agreement with respect to any matters referred to in it. This
Agreement supersedes any and all other agreements between Browning and the
Company. This Agreement may

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only be amended in writing signed by Browning and an officer of the Company, and
it is executed voluntarily and with full knowledge of its significance.

         15. If any provision of this Agreement shall be determined to be
invalid or unenforceable for any reason, it shall be adjusted rather than
voided, if possible, in order to achieve the intent of the parties to the extent
possible. In any event, all other provisions of this Agreement shall be deemed
valid and enforceable to the full extent possible.

         16. As further mutual consideration of the promises set forth herein,
the Company and Browning agree that they each are responsible for their own
attorney's fees and costs, and each agrees not to seek from the other or others
released hereby reimbursement for attorney's fees and/or costs incurred in this
action or relating to any matters addressed in this Agreement.

         17. This Agreement shall be construed and interpreted in accordance
with the laws of the State of California.

         18. Any notice required or permitted to be given under this Agreement
by one party hereto to the other shall be sufficient if given or confirmed in
writing addressed as respectively indicated:

                  To Company:               Embarcadero Technologies, Inc
                                            425 Market Street, Suite 425
                                            San Francisco, CA 94105
                                            Attention: President

                  To Browning:              Mr. Stuart Browning
                                            510 Stockton Street, Apt. 5
                                            San Francisco, CA 94108

                                            and

                                            Blaine Greenberg, Esq.
                                            3400 Red Rose Dr.
                                            Encino, CA 91436

         19. Browning acknowledges and agrees he has been told that he has up to
twenty one (21) days from the date he and his attorney (Blaine Greenberg, Esq.)
first received this Agreement to obtain the advice and counsel of the legal
representative of his choice and to decide whether to sign it. Browning
understands and agrees that for seven (7) calendar days after he signs this
Agreement he has the right to revoke it, and this Agreement shall not become
effective and enforceable until after the passage of this

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seven-day period without Browning having revoked it. This Agreement may not be
revoked by Browning after the seven-day period. Browning understands and agrees
that payment will be made and benefits extended to him pursuant to this
Agreement only if he signs and returns Attachment A, confirming that he does not
revoke this Agreement, and provided that Attachment A is signed no earlier than
eight (8) calendar days after Browning signs this Agreement.

         IN WITNESS WHEREOF, the Company has caused its corporate name to be
subscribed hereto by its duly authorized officer, and Browning has hereunto set
his hand.

Dated:  February 4, 2000                      /s/ Stuart Browning
                                             -----------------------------------
                                                   Stuart Browning

Dated:  February 4, 2000                     EMBARCADERO TECHNOLOGIES, INC.

                                             By:  /s/ Ellen Taylor
                                                --------------------------------
                                                   Ellen Taylor
                                                   President and Chief Executive
                                                   Officer

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                                  ATTACHMENT A

                           STATEMENT OF NON-REVOCATION
                        AS OF THE DATE SHOWN ON THIS FORM

         By signing below, I hereby verify that I have chosen not to revoke my
agreement to and execution of the General Release and Settlement Agreement. My
signature confirms my renewed agreement to the terms of that agreement,
including the release and waiver of any and all claims relating to my employment
with the Embarcadero Technologies, Inc. and/or the termination of that
employment.

Stuart Browning
--------------------------------                         ----------------------
Name (Please Print)                                      Social Security Number

/s/ Stuart Browning                                      2-13-2000
--------------------------------                         -----------------------
Signature*                                               Date*

*DO NOT SIGN, DATE OR RETURN THIS DOCUMENT UNTIL EIGHT (8) DAYS AFTER YOU SIGN
THE GENERAL RELEASE AND SETTLEMENT AGREEMENT

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