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Exhibit 10(i)(19)
LIMITED WAIVER
TO
CONVERTIBLE LOAN AGREEMENT
This Limited Waiver to the Convertible Loan Agreement ("LIMITED
WAIVER")
is made, as of this 30th day of September, 2007, by John Roblin
and Stuart
Sternberg, who are the holders of not less than a majority of
the outstanding
principal amount of the Debentures (as defined below) (the
"HOLDERS").
WHEREAS, Cover-All Technologies Inc., a Delaware
corporation (the "COMPANY") and John Roblin, Arnold Schumsky
and Stuart Sternberg (collectively, the "LENDERS"), and
Stuart
Sternberg, as agent for the Lenders, are parties to that
certain Convertible Loan Agreement, dated as of June 28,
2001
(as amended, the "LOAN AGREEMENT"), pursuant to which the
Lenders purchased from the Company 8% Convertible Debentures
due 2008 for an aggregate principal amount of $400,000 (the
"DEBENTURES"); and
WHEREAS, terms not otherwise defined herein shall have
the meanings as set forth in the Loan Agreement; and
WHEREAS, for the fiscal qua
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