Document:

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                                                                    EXHIBIT 10.1

                              EMPLOYMENT AGREEMENT

                  This agreement ("Agreement") is made effective the date set
forth at the end of this Agreement by and between THE A CONSULTING TEAM, INC., a
New York corporation (the "Corporation") and Shmuel BenTov, an individual
residing at 130 Carthage Road, Scarsdale, NY 10583 (the "Executive").

                  WHEREAS, the Executive currently serves as the Chief Executive
Officer and President of the Corporation; and

                  WHEREAS, the Corporation believes that the services performed
to date by Executive have been of substantial value to the Corporation and that
Executive's continued service would be of great value to the Corporation.

                  NOW, THEREFORE, in consideration of the mutual covenants
herein contained and of the mutual benefits herein provided, the Corporation and
Executive hereby agree as follows:

1.       Position and Responsibilities.

         1.1 The Executive agrees to serve as Chief Executive Officer and
President of the Corporation on the terms and conditions hereinafter set forth.

         1.2 The Executive shall devote his entire time, energy and skill during
regular business hours (other than during periods of illness, vacation and other
approved absences) to the affairs of the Corporation and to the promotion of its
interests.

         1.3 The Executive shall be accountable to the Board of Directors, or
any of its committees, whichever is appropriate.

         1.4 The Executive shall abide by the policies, standards and rules
established from time to time by the Board of Directors for the conduct of the
business of the Corporation. The Executive will not intentionally or negligently
act in any manner to cause financial or other damage to the Corporation or the
Corporation's reputation in the community in which its business is located. The
Board of Directors reserves the right to change, interpret, withdraw or add to
any of the policies, standards and rules of the Corporation at any time as it
deems appropriate.

         1.5 In the operations of the Corporation, the Executive will continue
to cooperate in allowing information from key employees of the Corporation to be
communicated to the Board of Directors. The Executive will not interfere with
members of the Board of Directors making reasonable inquiry into the affairs of
the Corporation and will not stifle free flow of information to them.

2.       Employment Term.

         2.1 The initial term of employment shall be for a period of two years
and one month, commencing with the effective date of this Agreement and ending
on December 31, 2007, unless earlier terminated as provided in this Agreement.
<PAGE>

         2.2 Notwithstanding the provisions of Section 2.1 above, the
Corporation shall have the right to terminate the Executive's employment for
Cause. For purposes of this Agreement, the term "Cause" shall mean: (a) a
finding by the Board of Directors of the Corporation that the Executive has
willfully and materially failed, refused or neglected to perform and discharge
his duties and responsibilities hereunder for at least 15 business days after
written notice from the Corporation setting forth the actions or omissions, as
the case may be, which constitute such failure, refusal or neglect, (b) the
Executive's violation of any of the covenants set forth in Sections 6 and 7
hereof, (c) a material breach of the Executive's fiduciary duties to the
Corporation which results in a material detriment to the Corporation, (d) the
Executive's engagement in gross misconduct materially injurious to the
Corporation, (e) the Executive's intentional misappropriation of property or
corporate opportunity of the Corporation for use by the Executive or third
parties, (f) the Executive's commission of an act of fraud or embezzlement, or
(g) the Executive's conviction for a crime (excluding minor traffic offenses).

         2.3 Any purported termination of the Executive's employment by the
Corporation hereunder shall be communicated by a Notice of Termination to the
Executive in accordance with Section 13 hereof. For purposes of this Agreement,
a "Notice of Termination" shall mean a written notice which shall indicate those
specific termination provisions in this Agreement relied upon and which sets
forth in reasonable detail the facts and circumstances claimed to provide a
basis for termination of the Executive's employment under the provisions so
indicated.

         2.4 For purposes of this Agreement the "Termination Date" shall be: (a)
if this Agreement is terminated by the Corporation for any reason (other than
death), the date of the Notice of Termination, (b) if the Executive's employment
is terminated by reason of the Executive's death, then the date on death, or (c)
if the Executive terminates his employment for any reason, the date on which the
Executive delivers to the Corporation a Notice of Termination.

3.       Compensation.

         3.1 For all services rendered by the Executive for each contract year,
the Executive shall receive a salary of Three Hundred Sixty Thousand Dollars
($360,000) per year. Subject to the approval of the non-employee members of the
Corporation's Executive Compensation Committee and further subject to the
Corporation meeting certain financial performance criteria to be determined by
such members of the committee, the Executive shall also be entitled to receive a
cash bonus with respect to each whole fiscal year of the Corporation during
which he is employed hereunder, commencing with the year ending December 31,
2005, in an amount to be determined by the non-employee members of the
Committee.

         3.2 The Executive shall be entitled to participate in the employee
benefit and insurance plans, policies and programs that are available generally
to the Corporation's employees.

         3.3 The Executive shall be entitled to paid time off ("PTO") days for
vacation, illness, or personal affairs in accordance with the Company's
policies. PTO may be used as long as such paid time does not interfere with
normal business operations and the Executive's duties as Chief Executive Officer
and President.

         3.4 During the term of this Agreement, the Executive will participate
in the Corporation's annual and long term incentive compensation programs at a
level commensurate with his position at the Corporation and consistent with then
current policies and practices.
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4.       Incapacity; Death

         4.1 If, during the Employment Term hereunder, because of illness or
other incapacity (other than death), the Executive shall fail for a period of
three (3) consecutive months ("Incapacity"), to render the services contemplated
hereunder, then the Corporation, at its option, may terminate the Employment
Term hereunder by notice to the Executive, effective on the giving of such
notice; provided, however, that the Executive shall be entitled to continue to
receive 100% of his then annual salary hereunder for a period of one year from
the Termination Date and payable in equal monthly installments commencing on the
30th day of the month following the Termination Date.

         4.2 In the event of the death of the Executive during the Employment
Term, the Employment Term hereunder shall terminate on the date of death of the
Executive; provided, however, that the Executive's estate shall be entitled to
any benefits accrued under the Corporation's death, disability or other benefit
plan and shall be entitled to receive a lump sum payment equal to his annual
salary and payable within 90 days of the Termination Date.

5.       Severance Compensation Upon Termination of Employment.

         5.1 If the Executive's employment with the Corporation shall be
terminated (a) by the Corporation other than pursuant to Sections 2 or 4, or (b)
by the Executive for Good Reason (as defined in Paragraph 5.3 below), then the
Corporation shall pay to Executive as severance pay an amount equal to two times
his then annual salary and payable within 30 days of the termination date.

         5.2 For purposes of this Agreement, the term "Good Reason" shall mean
any of the following:

                  (i) the assignment to the Executive by the Corporation of
duties inconsistent with, or a substantial reduction in the nature or status of,
Executive's responsibilities as President and Chief Executive Officer;

                  (ii) any material breach by the Corporation of any material
provision of this Agreement; provided, however, that the Executive shall give
written notice to the Corporation which shall indicate those specific provisions
in this Agreement relied upon and which shall set forth in reasonable detail the
facts and circumstances claimed to provide a basis for such termination.

6.       Non-competition, Non-Solicitation.

         6.1 During the term of this Agreement and for a period of two (2) year
after the Termination Date of this Agreement, the Executive shall not (i)
directly or indirectly, as an employee, agent, manager, director, officer,
controlling stockholder, partner or otherwise, engage or participate in any
business engaged in the continental United States in activities competitive with
any activities in which the Corporation is engaged during the term of the
Executive's employment with the Corporation, (ii) solicit from any client or
division, department or subsidiary of any client of the Corporation, or any
individual employed by any of the foregoing, for whom the Executive performed
services while he was employed by the Corporation, any business relating to
services similar to the services which were so performed by the Executive for
such clients during his employment with the Corporation. In addition, the
Executive shall not during such time request or cause any client of the
Corporation to cancel or terminate any business relationship with the
Corporation or any of its subsidiaries, or directly or indirectly solicit or
otherwise cause any employee to terminate such employee's relationship with the
Corporation.
<PAGE>

         6.2 If any portion of the restrictions set forth in this Paragraph 6
should, for any reason whatsoever, be declared invalid by a court of competent
jurisdiction, the validity or enforceability of the remainder of such
restrictions shall not thereby be adversely affected.

         6.3 The Executive declares that the foregoing scope, territorial and
time limitations are reasonable and properly required for the adequate
protection of the business of the Corporation. In the event any such scope,
territorial or time limitation is deemed to be unreasonable by a court of
competent jurisdiction, the Executive agrees to the reduction of said scope,
territorial or time limitation to such scope, area or period which said court
shall have deemed reasonable.

         6.4 The existence of any claim or cause of action by the Executive
against the Corporation other than under this Agreement shall not constitute a
defense to the enforcement by the Corporation of the foregoing restrictive
covenants, but such claim or cause of action shall be litigated separately.

         6.5 The Executive recognizes that the employees of the Corporation are
a valuable resource of each such member. Executive agrees that Executive shall
not, for a period of one (1) year following the Termination Date, either alone
or in conjunction with any other person or entity solicit, induce or recruit any
employee to leave the employ of the Corporation.

7. Confidentiality. It is understood that in the course of Executive's
employment with the Corporation, the Executive has become and will continue to
become acquainted with Confidential Information (as defined below). The
Executive recognizes that Confidential Information has been developed by the
Corporation at great expense, is confidential and proprietary to the
Corporation, and is and shall remain the exclusive property of the Corporation.
"Confidential Information" shall mean all proprietary and other information
concerning the Corporation and its business, including but not limited to
information concerning the Corporation's customers, vendors and others with whom
it transacts business, its methods of operation and other trade secrets, its
future plans and strategies, and any financial information concerning the
Corporation. The Executive agrees that all Confidential Information is the
exclusive property of the Corporation and that Executive will not remove the
originals or make copies of any Confidential Information without the
Corporation's prior written consent. The Executive shall not use Confidential
Information for any purposes other than to carry out his obligations under this
Agreement and will not divulge Confidential Information to any other person or
entity during or after the term of this Agreement without the Corporation's
prior written consent, unless required by law or judicial or other process. The
provisions of this Section 7 shall continue to apply to the parties after this
Agreement is terminated. As of the Termination Date, the Executive shall
promptly return to the Corporation originals or copies of any and all materials,
documents, notes, manuals or lists containing or embodying Confidential
Information, or relating directly or indirectly to the business of the
Corporation, in the possession or control of Executive.

8.       Applicable Law and Forum.

         The Agreement shall be governed by and construed in all respects under
the laws of the State of New York, without reference to its conflict of laws
rules or principles. Any suit, action, proceeding or litigation arising out of
or relating to the Agreement shall be brought and prosecuted in such federal or
state court or courts located within the State of New York as provided by law.
The parties hereby irrevocably and unconditionally consent to the jurisdiction
of each such court or courts located within the State of New York and to service
of process by registered or certified mail, return receipt requested, or by any
other manner provided by applicable law, and hereby irrevocably and
unconditionally waive any right to claim that any suit, action, proceeding or
litigation so commenced has been commenced in an inconvenient forum.
<PAGE>

9. Successor to the Corporation. (a) The Corporation will require any successor
or assign (whether direct or indirect, by purchase, merger, consolidation or
otherwise) to all or substantially all of the business and/or assets of the
Corporation, by agreement expressly, absolutely and unconditionally to assume
and agree to perform this Agreement in the same manner and to the same extent
that the Corporation would be required to perform it if no such succession or
assignment had taken place. As used in this Agreement, "Corporation" shall mean
the Corporation as hereinabove defined and any successor or assign to its
business and/or assets as aforesaid which executes and delivers the agreement
provided for in this paragraph 9 or which otherwise becomes bound by all the
terms and provisions of this Agreement by operation of law.

         (b) This Agreement shall inure to the benefit of and be enforceable by
the Executive's personal and legal representatives, executors, administrators,
heirs, distributees, devises and legatees. If the Executive should die while any
amounts are still payable to him hereunder, all such amounts, unless otherwise
provided herein, shall be paid in accordance with the terms of this Agreement to
the Executive's estate. This Agreement shall not otherwise be assignable by the
Executive.

10. No Third Party Beneficiaries. This Agreement does not create, and shall not
be construed as creating, any rights enforceable by any person not a party to
this Agreement, except as provided in Section 9 hereof.

11. Headings. The headings of the paragraphs hereof are inserted for convenience
only and shall not be deemed to constitute a part hereof nor to affect the
meaning thereof.

12. Interpretation. In case any one or more of the provisions contained in this
Agreement shall, for any reason, be held to be invalid, illegal or unenforceable
in any respect, such invalidity, illegality or unenforceability shall not affect
any other provisions of this Agreement, and this Agreement shall be construed as
if such invalid, illegal or unenforceable provision had never been contained
herein. If, moreover, any one or more of the provisions contained in this
Agreement shall for any reason be held to be excessively broad as to duration,
geographical scope, activity or subject, it shall be construed by limiting and
reducing it, so as to be enforceable to the extent compatible with the
applicable law as it shall then appear.

13. Notices. All notices under this Agreement shall be in writing and shall be
deemed to have been given at the time when delivered personally or by facsimile
transmission, sent by recognized overnight courier service, or mailed by
registered or certified mail, addressed to the address set forth at the end of
this Agreement, or to such changed address as such party may have fixed by
notice; provided, however, that any notice of change of address shall be
effective only upon receipt.

14. Waivers. If either party should waive any breach of any provision of this
Agreement, he or it shall not thereby be deemed to have waived any preceding or
succeeding breach of the same or any other provision of this Agreement.

15. Complete Agreement; Amendments. The foregoing is the entire agreement of the
parties with respect to the subject matter hereof and supersedes in its entirety
any letter agreements or other writings by and among the Executive and the
Corporation. This Agreement may not be amended, supplemented, cancelled or
discharged except by written instrument executed by both parties hereto.
<PAGE>

16. Governing Law. This Agreement is to be governed by and construed in
accordance with the laws of New York, without giving effect to principles of
conflicts of law.

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have executed this Agreement on
the date set forth below, and the parties acknowledge that this Agreement
memorializes their agreement since the effective date set forth below.

THE A CONSULTING TEAM, INC.                                   EXECUTIVE

By:    /s/ Richard D. Falcone                    By:   /s/ Shmuel BenTov
       -----------------------------------             ------------------------
         Authorized Representative                     Shmuel BenTov

Address for Notices:                             Address for Notices:
200 Park Avenue South                            130 Carthage Road
New York, NY  10003                              Scarsdale, NY 10583
(212) 979-8228
(212) 979-8003 (fax)

Effective Date of Agreement:                     December 1, 2005

Execution Date:                                  December 12, 2005

Name of Executive:                               Shmuel BenTov<PAGE>

                                                                    EXHIBIT 10.2

                              EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT ("Agreement") dated as of the 1st day of December,
2005 (the "Effective Date") is made and entered into by and between The A
Consulting Team, Inc. and its affiliates, associated companies, subsidiaries,
parent, divisions or related entities (collectively "Company"), a New York
corporation, having its principal place of business at 200 Park Avenue South,
New York, New York 10003 and Richard Falcone ("Employee"), an individual
residing at 5 Blossom Hill, Colts Neck, New Jersey, 07722.

1.       The Company hereby employs Employee as Chief Financial Officer. TACT
         will provide Employee with an office and appropriate computer and
         communications at metropolitan area office. Employee hereby accepts
         employment in such capacity and conditions as hereinafter set forth.

2.       The initial term of this Agreement is for one (1) year, commencing on
         the Effective Date reflected above (the "Initial Term"). This Agreement
         shall automatically renew for subsequent one-year terms, unless and
         until terminated by either party in accordance with the provisions of
         Section 8 hereof. The entire period this Agreement remains in effect is
         hereinafter referred to as the "Employment Period".

         It is expressly understood and agreed that any changes in the
         Employee's compensation and title will not invalidate this Agreement.
         At the option of the parties, such changes may be incorporated into an
         "Addendum" to this Agreement. Failure to so incorporate such changes
         will not affect the validity of, or the enforceability of, the other
         terms herein.

3.       The Company shall pay to Employee the following compensation for all
         the services to be rendered by Employee in any capacity:

         An initial gross salary at the rate of $210,000.00 per year (annual
         base salary) payable twice a month, less all applicable and required
         federal, state, local and authorized deductions.

         Upon approval by the Board of Directors, the Company shall grant to
         Employee options to shares of Company Common Stock, from time to time,
         in accordance with the terms of Company's Stock Option and Award Plan.
         . Notwithstanding the foregoing, in the event a "Sufficient Reason"
         event occurs as defined hereinafter, such grant shall become
         immediately vested and exercisable.

         Employee and TACT will jointly develop an annual bonus plans.

         Employee shall be entitled to sick days and personal days in accordance
         with TACT's PTO policy for a Chief Financial Officer position.

4.       Employee shall perform such work as may be required of Employee by
         Company in accord with the instructions, directions and control of
         Company and at such reasonable time and places as Company may
         determine. At all times during the Employment Period, Employee shall
         strictly adhere to all the rules and regulations that have been or that
         may hereafter be established by Company for the conduct of its
         employees and further, Employee shall strictly adhere to all the
         provisions of the Company's handbook(s).

<PAGE>

5.       Employee hereby consents to the conducting of a background check by
         Company and/or Company's broker, customer and/or client to the full
         extent permitted by law. Such a background check may include, but shall
         not be limited to a judgement and public criminal record check,
         fingerprinting, and drug and/or alcohol screening. The Employee agrees
         not to hold Company and/or its broker(s), customer(s) and/or client(s)
         liable for any claims in connection with such checking or testing or
         the reporting of the results thereof to Company.

6.       Employee shall devote full and complete attention and energies to the
         business of Company, and shall not during the term of this Agreement be
         engaged in any other business activity, whether or not such business
         activity is pursued for gain, profit or other pecuniary advantage and
         whether or not said other business activity is directly, indirectly or
         unrelated to the business activity of Company, without the express
         written consent of Company. However, this shall not be construed as
         preventing Employee from investing Employee's assets in such form or
         manner as will not require any services on Employee's part in the
         operation of the affairs of the companies in which such investments are
         made; provided, however, that any investment in any non-public
         companies shall not be in companies having allied or related business
         activities to Company.

7.       The Company will reimburse Employee for expenses incurred by Employee
         in the course of this employment provided that such expenses are
         reimbursable by Company policy, and further, such expenses are
         authorized by Company and an accounting is made to Company therefore,
         in accordance with the procedures of Company pertaining thereto.

8.       The Employment Period shall be terminated at the time of the death of
         Employee or may be terminated by Company if Employee shall fail to
         render the services provided for hereunder for a continuous period of
         ninety (90) days because of Employee's physical or mental disability.
         Notwithstanding anything to the contrary herein, either party may
         terminate the Employment Period, with or without cause and for any
         reason whatsoever, by giving ten (10) days prior notice to the other
         party. In the event Company terminates Employee without Cause, death or
         disability, Employee shall be entitled to receive as severance an
         amount equal to six (6) months of Employee's then current base salary.
         For purposes of this Section 8, "Cause" shall mean: (a) Employee's
         embezzlement, willful breach of fiduciary duty or fraud with regard to
         Company or any of Company's assets or businesses, (b) Employee's
         conviction of, or pleading of nolo contendere with regard to a felony
         (other than a traffic violation) or any other crime involving moral
         turpitude and involving activity related to the affairs of Company, or
         (c) any other breach by Employee of a material provision of this
         Agreement that remains uncured for thirty (30) days after written
         notice thereof is given to Employee. In the event Company terminates
         the Employment Period for Cause, Company's sole obligation is to pay
         Employee for that period actually worked by Employee (plus any
         commissions and/or vacation pay due for that period, if applicable).
<PAGE>

         Employee may terminate the Employment Period for "Sufficient Reason" in
         accordance with the provisions hereof. For purposes of this Agreement,
         Sufficient Reason shall mean a direct or indirect change in the
         ownership or control of Company by purchase, merger, consolidation,
         reorganization, lease, exchange, transfer or sale of all or
         substantially all of the assets and/or outstanding stock of Company,
         taking the Company private, or any other business transaction involving
         Company or any combination of the foregoing transactions which results
         in any material demotion of Employee and/or any material reduction in
         Employee's authority or responsibilities or a request, written, verbal
         or implied, by the Company to perform illegal acts including by not
         limited to violating SEC or NASDAQ rules or regulations. In the event
         Employee or Company terminates this Agreement for Sufficient Reason,
         Employee shall be entitled to receive as severance an amount equal to
         twelve (12) months of Employee's then current base salary if Employee's
         termination happens within the first twelve months after the
         event-giving rise to the Sufficient Reason occurs.

9.       Employee recognizes and acknowledges that Company's trade secrets,
         customer/broker/client lists, private processes, prospective
         customer/broker/client lists, and staff and prospective staff lists are
         deemed to be the private and proprietary information of Company and are
         available, special, unique and significant proprietary assets of
         Company's business. Employee will not either during or subsequent to
         the Employment Period, in whole or in part, disclose such trade
         secrets, customer/broker/client lists, staff or prospective staff
         lists, prospective customer/broker/client lists or private processes to
         any person, firm, corporation, association or other entity for any
         reason or purpose whatsoever. In addition, Employee shall not make use
         of any of the above for Employee's own purposes or for the benefit of
         any person, firm, corporation, or other entity other than Company under
         any circumstances during the Employment Period or subsequent to
         employment.

10.      Employee agrees that during the Employment Period and for a period of
         one (1) year thereafter, Employee will not directly or indirectly, or
         in any capacity, individually or in any corporation, firm, association
         or other business entity, compete or attempt to compete with Company,
         any parent, subsidiary, or affiliate of Company, or any corporation
         merged into, or merged or consolidated with Company (a) by soliciting
         business from any customer, broker and/or client of Company with which
         Employee was involved (directly or indirectly) during the Employment
         Period, if such solicited business competes with the business of
         Company, or (b) inducing any personnel of Company to leave the service
         of Company, or by employing or contracting with any such personnel. The
         provisions of this Section 10 shall be construed as an Agreement
         independent of any other provision contained herein and shall be
         enforceable in both Law and Equity, including by temporary or permanent
         Restraining Orders, notwithstanding the existence of any claim or cause
         of action by Employee against Company, whether predicated on this
         Agreement or otherwise.

11.      Employee hereby agrees to assign all rights, title, and interest in all
         writings, products, inventions, discoveries, developments,
         improvements, ideas, technical notes, programs, specifications,
         computer or other apparatus programs and related documentation, and
         other works of authorship, tangible and intangible property, whether or
         not patentable, copyrightable or subject to other forms of protection,
         made, created, developed, discovered, written or conceived by Employee,
         solely or jointly with another, in whole or in part, for either Company
         and/or Company's customer(s), broker(s) and/or client(s) during the
         Employment Period, whether during or outside of regular working hours,
         and to promptly deliver to Company all such tangible properties and
         work products at the request of Company. Employee shall not be entitled
         to any compensation in addition to the amount set forth in Section 3 of
         this Agreement by reason of said assignment.
<PAGE>

12.      Employee shall, upon termination of employment with Company,
         immediately return to Company all equipment and supplies of Company and
         all books, records, lists and other written, typed or printed
         materials, whether furnished by Company or prepared by Employee, which
         contain any information relating to Company's business or any of its
         customers, brokers and/or clients, and Employee agrees that Employee
         will neither make nor retain copies of such materials after termination
         of employment.

13.      Employee hereby authorizes Company, at any time, to offset and deduct
         against any and all monies due to Employee by Company, whether for
         salary or other remuneration to the full extent allowed by law, any and
         all monies owed by Employee to Company for any reason whatsoever,
         including, but not limited to the correction of payroll errors, the
         repayment of monetary advances, the reimbursement of tuition or
         training costs, and the recoupment of auto allowances, relocation
         expenses, expenses, and/or advanced vacation time.

14.      The failure of either party to insist upon the performance of any of
         the provisions of this agreement, or the waiver of any breach thereof,
         shall not be construed as or constitute a waiver of the rights granted
         herein with respect to any subsequent forbearance or breach.

15.      Both Parties hereto do hereby consent to jurisdiction in the State of
         New Jersey with regard to all controversies which may arise with
         respect to the execution, interpretation of and compliance with the
         terms and provisions of this Agreement; and both Parties hereto agree
         that New Jersey Law applies and, in addition, waive any other venue or
         forum which they might otherwise be entitled by virtue or domicile or
         otherwise.

16.      This Agreement shall be binding upon and inure to the benefit of the
         parties hereto and any successor to the business of Company, but
         neither the Agreement nor any rights hereunder may be assigned, pledged
         or encumbered by Employee without the written consent of Company. This
         Agreement may not be changed, modified or terminated orally.

         This Agreement supersedes any prior agreements made between the
         parties, whether oral or written, and constitutes that final and entire
         agreement and understanding of the parties, all prior representations
         and agreements having been merged into this Agreement, and this
         Agreement shall amend, restate and replace all prior employment
         agreements entered into between Company and Employee. No waiver or
         modification of this Agreement or of any covenant, condition, or
         limitation herein contained shall be valid unless in writing and duly
         executed by the party to be charged therewith and no evidence of any
         waiver or modification shall be offered or received in evidence in any
         proceeding, arbitration or litigation between the parties hereto
         arising out of or affecting this Agreement, or the rights or
         obligations of the parties hereunder, unless such waiver or
         modification is in writing, duly executed as aforesaid, and the parties
         agree that the provisions of this Section 16 may not be waived except
         as herein set forth.

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

<PAGE>

18.      Employee hereby represents and warrants that the execution of this
         Agreement by Employee and the performance of Employee's duties and
         obligations hereunder will not breach or be in conflict with any other
         agreement to which Employee is a party or by which Employee is bound,
         and that Employee is not now subject to any covenant against
         competition or similar covenant which would affect the performance of
         Employee's duties hereunder. Employee hereby agrees to indemnify
         Company for all claims arising out or related to Employee's breach of
         this Section 18.

19.      All disputes, controversies, or differences arising in connection with
         the validity, execution, performance, breach, non-renewal or
         termination of this Agreement shall be finally settled in an
         arbitration proceeding under the Rules of the American Arbitration
         Association by three arbitrators with expertise in employment and labor
         law in accordance with the Commercial Arbitration Rules then in effect
         of the American Arbitration Association. Selection of the arbitrators
         shall be as follows: each party shall appoint one arbitrator within
         twenty (20) days after the parties have agreed to go to arbitration,
         and those two arbitrators shall appoint a third arbitrator who shall
         act as chairman, within a twenty (20) day period thereafter. If the
         parties fail to appoint the chairman within said period, the parties
         will apply to the American Arbitration Association for appointment of
         the third arbitrator. The parties agree to be bound by the findings of
         the arbitration. Notwithstanding the foregoing, the courts shall have
         jurisdiction over injunctive or provisional relief pending arbitration.
         The arbitrators shall only be empowered to award direct damages. In no
         event shall the arbitrators be permitted to award special,
         consequential, indirect, incidental or punitive damages or lost
         profits. The non-prevailing party to the arbitration shall pay all the
         prevailing party's expenses of the arbitration, including reasonable
         attorneys' fees and other costs and expenses incurred in connection
         with the prosecution or defense of such arbitration.

20.      Any offer, notice, or request or other communication hereunder shall be
         in writing and shall be deemed to have been duly delivered if hand or
         mailed by registered or certified mail, return receipt requested,
         addressed to the respective address of each party herein set forth, or
         to such other address as each party may designate by a notice pursuant
         hereto:

         If to Company:       The A Consulting Team, Inc.

                              200 Park Avenue South
                              New York, New York 10003
                              Attention: Shmuel Bentov, Chief Executive Officer

         If to the Employee:  Richard Falcone
                              5 Blossom Hill
                              Colts Neck, New Jersey 07722

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed as of
the Effective Date.

COMPANY                                 EMPLOYEE

By:  /s/ Shmuel BenTov                  By:  /s/ Richard D. Falcone
     ---------------------                   ----------------------------
         Shmuel BenTov                       Richard D. Falcone

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00095-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00095-of-00352.parquet"}]]