Exhibit 10.3e

                       CONTRACT OF EMPLOYMENT (EXECUTIVE)

THIS AGREEMENT is made the 18th day of August 2000

BETWEEN : -

(1)  YELLOWBUBBLE.COM  LIMITED  registered  office is at 104-106  The  Chambers,
Chelsea Harbour, London, SW10 0XF ("the Company") and

(2) SIEW SEE LEE of 159 Fulweel  Park  Avenue,  Twickenham,  MIDDX TW2 5HD ("the
Employee")

IT IS AGREED as follows:

1.       COMMENCEMENT

             The Employment  commences/commenced  on 10th August 2000. No period
             of  employment  with a  previous  Company  or  previous  period  of
             employment  with  the  Company  counts  as part of your  period  of
             continuous employment.

2.       JOB TITLE

             The Company shall employ the Employee in the capacity of Membership
             Co-ordinator.  In  addition to the duties  which this job  normally
             entails the Employee may from time to time be required to undertake
             additional  or other  duties as  necessary to meet the needs of the
             Company's business.

3.       PLACE OF WORK

             The Employee's place of work shall be 104-106 The Chambers, Chelsea
             Harbour,  London,  SW10 0XF or such other  place as may be required
             from time to time by the Company.  The Employee will be required to
             travel  in  the  United  Kingdom  and  abroad  as the  Company  may
             reasonably  require for the proper and  efficient  discharge of the
             Employee's duties.

4.       PROBATIONARY PERIOD

4.1      The first three months of the  Employee's  employment  with the Company
         will  be  treated  as a  probationary  period.  The  employment  of the
         Employee  may be  terminated  by the  Employee or by the Company on one
         week's  notice  in  writing  at any time  during  or at the end of this
         period.



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5.       REMUNERATION

5.1      The  Company  shall pay the  Employee  by bank  transfer at the rate of
         (pound)60,000  gross (Sixty Thousand pounds) per annum payable by equal
         monthly  instalments  in  arrear  on or  before  the  last  day of each
         calendar month.

5.2      The  Employee  shall be entitled  to  performance  related  bonus to be
         determined by the Board.

5.3      Payments  shall be subject  to  deduction  of income  tax and  national
         insurance  contributions  due from the  Employee  and of any other sums
         which the Employee owes to the Company from time to time.

5.4      The Company shall by way of reimbursement  pay to Employee the costs of
         subscription and registration to all professional bodies,  certificates
         and  courses  which she is obliged to belong in order to  maintain  her
         personal qualifications.

6.       HOURS OF EMPLOYMENT

6.1      The Employee's normal hours of employment shall be from 9.00 am to 5.30
         pm on Monday to Friday during which one hour may be taken for lunch.

6.2      The Employee may be required to work such hours outside normal hours of
         employment as the Company considers  necessary to meet the needs of the
         business.  The  Employee  shall  not  be  entitled  to  any  additional
         remuneration  for such additional  hours worked but may at the absolute
         discretion  of the Company be give time off in lieu of such  additional
         hours worked.

7.       HOLIDAYS

7.1      The Employee is entitled in addition to the normal  public  holidays to
         take 25 working  days as holidays in each Holiday Year and the Employee
         will be paid his normal basic  remuneration  during such holidays.  The
         Holiday Year runs from 1st January to 31st December each year.

7.2      If the Employee's  employment  commences or terminates part way through
         the holiday year his  entitlement to holidays  during that year will be
         assessed on a pro rata basis and  deductions  from final  salary due to
         the Employee on  termination  of employment  will be made in respect of
         holidays taken in excess of entitlement.

7.3      Holidays  must  be  taken  at  times  convenient  to  the  Company  and
         sufficient  notice of  intention  to take  holiday must be given to the
         Employee's  manager. No more than two weeks holiday may be taken at any
         one time unless permission is given by the Employee's manager.

7.4      The Employee will be entitled to a payment in lieu of holidays  accrued
         due but untaken as at the date of termination  of  employment.  For the
         purpose of calculating  payments in lieu, a day's pay shall be taken to
         be the Employee's basic annual salary divided by two hundred and sixty.


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7.5      Holiday  entitlement  may not be carried  forward into another  Holiday
         Year.  No payment  shall be made by the Company to the Employee in lieu
         of any part of his holiday  entitlement except for payments made on the
         termination of employment.

8.       SICKNESS

8.1      If the  Employee  shall  at any  time  be  prevented  by  illness  from
         performing  his duties  hereunder he shall on demand  furnish the Board
         with  evidence of such  incapacity  and the cause  thereof and he shall
         during such incapacity not exceeding a continuous  period of six months
         be  entitled to receive  his full  remuneration  less the amount of any
         statutory  sick pay or other benefit to which the Executive is entitled
         under social security legislation for the time being in force.

8.2      If  the  incapacity  referred  to  in  clause  8.1  continues  after  a
         continuous period of six months any payment to the Employee shall be at
         the absolute discretion of the Board.

9.       PENSIONS AND OTHER BENEFITS

9.1      There is no pension scheme applicable to the Employee's employment.

9.2      There is not a contracting-out certificate in force in relation to this
         Employment.

10.      EXPENSES

10.1     The Company will reimburse the Employee in respect of expenses properly
         incurred by the Employee in the course of his duties upon production by
         the Employee of appropriate  receipts.  All claims for expenses must be
         made within 28 days of the expenditure being incurred.

10.2     Where an Employee  is required to use his own vehicle for the  purposes
         of  the  business  of  the  Company,   the  Company   shall  make  such
         contribution  to the  Employees  expenses  in respect of the Vehicle as
         shall be agreed from time to time by the Company.

11.      CONFIDENTIALITY

         The  Employee  shall  not at any  time  whether  before  or  after  the
         termination of his employment  with the Company  disclose to any person
         firm company or  organisation  whatsoever nor use print nor publish any
         confidential  information,  matter or thing  relating to the Company or
         the business  thereof  except in the proper  performance  of his duties
         hereunder  or with the  prior  written  consent  of the  Company  or as
         required by law. For the purposes of this clause,  information shall be
         confidential  if it  relates  to or  consists  of lists or  details  of
         customers, information relating to any process or invention used by the
         Company,  computer codes (whether source or object),  computer programs
         or  applications,  software  specifications,  user  and/or  instruction
         manuals  and/or  any  other  documentation  relating  to such  computer


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         programs or applications,  product lists, price lists, marketing plans,
         staff and salary  details,  financial,  management  and  organisational
         information  of the Company and any other  matter  which is notified to
         the  Employee  during the course of his  employment  as being secret or
         confidential.  For  avoidance of doubt,  information  shall cease to be
         confidential  when it enters the  public  domain  other than  through a
         breach of this Agreement.

12.      INVENTIONS

12.1     For the purpose of this Clause 12 :-

         "Inventions"      means any inventions,  developments, secret formulae,
                           processes,  notations,   improvements,  trade  marks,
                           service  marks,   logos,  trade  names,   copyrights,
                           copyright   works,   moral   rights,   semi-conductor
                           topography rights, designs,  know-how, get-up, plans,
                           drawings,  computer codes (whether source or object),
                           computer  programs  or  applications  (whether or not
                           downloadable),  software  specifications,   websites,
                           compilations, reports, information, databases, models
                           or any other  specifications  or devices of  whatever
                           nature,  which relate to the business and/or products
                           of  the   Company  and  are   invented,   originated,
                           composed, written,  discovered,  developed,  created,
                           generated,  devised  or  otherwise  acquired  by  the
                           Employee  on  whatever  media  during the term of his
                           employment  with the  Company  under  this  Agreement
                           (whether in the course of his employment or otherwise
                           and whether  alone or jointly with or in  conjunction
                           with any other person or other persons) PROVIDED THAT
                           any  Invention  to which  Section 39 Patents Act 1977
                           applies  shall  only  be  an  invention  within  this
                           definition if the same :

         12.1.1   was made in the course of the normal duties of the Employee or
                  in the course of duties falling outside his normal duties, but
                  specifically  assigned  to him by the  Company,  and in either
                  case it was  reasonable  to expect that the same might  result
                  from  the  execution  by the  Employee  of his  duties  to the
                  Company under this Agreement; or

         12.1.1   was made in the  course of the  Employee's  duties  and at the
                  time of making  the same,  because of the nature of his duties
                  and the particular responsibilities arising from the nature of
                  his  duties,  he  had a  special  obligation  to  further  the
                  interests of the Company.

         "Registrable Rights"       means patents, trade marks and service marks
                                    (whether    registered   or   unregistered),
                                    registered designs, pending applications for
                                    any of those rights, accrued goodwill in any
                                    trade  business  or service  names  (whether
                                    registered  or   unregistered),   rights  in
                                    designs,   copyrights,    database   rights,
                                    utility  models  and all  other  similar  or
                                    equivalent   industrial,   intellectual   or
                                    commercial  rights  or  property  subsisting

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                                    under   the   laws   of   each   and   every
                                    jurisdiction  throughout  the world  whether
                                    registered   or  not  and  whether   vested,
                                    contingent  or  future  and all  reversions,
                                    renewals  and   extensions  of  any  of  the
                                    foregoing  and all  rights  under  licences,
                                    consents,  orders, statutues or otherwise in
                                    relation to any of the foregoing.

12.2     During the continuance of this Agreement :-

         12.2.1   the entire  legal and  beneficial  interest of the Employee in
                  any Inventions or Registrable Rights shall become the absolute
                  beneficial  property of the Company without any payment to the
                  Employee  (except to the extent provided in Section 40 Patents
                  Act 1977) other than  reimbursement of out-of-pocket  expenses
                  and the Employee  hereby assigns with full title  guarantee by
                  way of  future  assignment  to the  Company  the  whole of his
                  interest in any  Inventions and in any  Registrable  Rights in
                  any such Inventions or Registrable Rights throughout the world
                  including any  extensions,  renewals or revivals and the right
                  to sue for damages;

         12.2.2   the Employee  shall  promptly  communicate to the Company full
                  particulars of all Inventions and  Registrable  Rights and, if
                  any of the  Inventions  is capable of being  protected  by any
                  Registrable  Rights,  the Company shall determine  whether and
                  where  applications  shall be made for such Registrable Rights
                  in  respect  of the same and the  Employee  shall,  until such
                  rights are fully and  absolutely  vested in the Company,  hold
                  the Inventions in trust for the Company and shall not disclose
                  any details of any such Invention or Registrable Rights to any
                  third party;

         12.2.3   all such Registrable Rights shall be applied for and taken out
                  at the Company's  expense and in the name of the Company or if
                  the Company  shall  require in the joint names of the Employee
                  and the Company and the Employee  shall concur in applying for
                  the same and shall at the Company's  expense  prepare all such
                  drawings  and  specifications  models  and  designs  as may be
                  necessary  and give every  assistance  in his power to procure
                  the grant of such Registrable Rights to the Company;

         12.2.4   the Employee  will, at the request and expense of the Company,
                  do all acts and execute all  documents  which may be necessary
                  to  give  effect  to  this  Clause  12.2  including,   without
                  limitation,  entering into any action, claim or proceeding and
                  should the  Employee  be  unavailable  to do so, the  Employee
                  irrevocably  appoints  the  Company to be his  attorney in his
                  name  and  on his  behalf  to  sign  execute  or do  any  such
                  instrument  or  thing  and  generally  to use his name for the
                  purpose of giving to the  Company  (or its  nominee)  the full
                  benefit of the  provisions of this Clause 11 and a certificate
                  in writing  signed by any  Employee  or the  secretary  of the
                  Company  in  favour  of  any  third  party  stating  that  any
                  instrument or act falls within the authority conferred by this
                  Clause  12.2.4 shall be  conclusive  evidence that such is the
                  case; and


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         12.2.5   the  Employee   waives  all  moral  rights  arising  from  any
                  Inventions or Registrable  Rights,  so far as the Employee may
                  lawfully do so, in favour of the Company.

13.      TERMINATION OF EMPLOYMENT

13.1     Following the successful  completion of the  probationary  period,  the
         Employment  of the Employee may be terminated by either party giving to
         the  other  party  not  less  than  three  months'  written  notice  of
         termination of employment.

13.2     The Company may  terminate  the  employment of the Employee at any time
         without  notice  or  payment  in lieu of  notice  in the event of gross
         misconduct by the Employee.

14.      RESTRICTIONS

14.1     The  Employee  covenants  that he  shall  not at any  time  during  his
         employment  or for the  period  of 3 months  from the date on which his
         employment with the Company terminates for whatever reason (hereinafter
         referred  to as "the  Termination  Date")  without  the  prior  written
         consent  of the  Company  either  alone or  jointly  with or as  agent,
         Employee, manager, consultant, employee or partner of any other person,
         firm, company or organisation directly or indirectly :

         14.1.1   be engaged or concerned in any business or activity within the
                  United  Kingdom  which  competes  directly  with any  business
                  carried on by the Company at the  Termination  Date with which
                  business the Employee had been concerned in the performance of
                  his  duties  under  this   Agreement   during  the  12  months
                  immediately preceding the Termination Date;

         14.1.2   in relation to any  business  carried on by the Company and in
                  competition with the Company canvass,  solicit or endeavour to
                  take  away  from the  Company  the  business  or custom of any
                  person, firm, company or organisation who or which was, at the
                  Termination   Date  or  at  any  time  during  the  12  months
                  immediately  preceding  the  Termination  Date,  a customer or
                  client of the  Company  and with  whom or which  the  Employee
                  shall have come into contact in the  performance of his duties
                  under  this  Agreement   during  the  12  months   immediately
                  preceding the Termination Date;

         14.1.3   in relation to any  business  carried on by the Company and in
                  competition  with the  Company  deal  with any  person,  firm,
                  company or  organisation  who or which was, at the Termination
                  Date or at any time during the 12 months immediately preceding
                  the Termination  Date, a customer or client of the Company and
                  with whom or which the  Employee  shall have come into contact
                  in the  performance of his duties under this Agreement  during
                  the 12 months immediately preceding the Termination Date;

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         14.1.4   solicit  or  endeavour  to entice  away from the  Company  any
                  person who was on the Termination Date a director or a manager
                  of the Company.

14.2     The Employee  acknowledges  and agrees that the restrictions set out in
         Clause 14.1 are fair and  reasonable in the  circumstances  and that if
         any one or more or any part of such  restrictions  shall be rendered or
         judged  invalid  or  unenforceable  such  restriction  or part shall be
         deemed  to be  severed  from  this  Agreement  and such  invalidity  or
         unenforceability   shall  not  in  any  way  affect  the   validity  or
         enforceability of the remaining restrictions.

14.3     Following  termination of this Agreement the Employee shall not falsely
         represent  himself or permit  himself to be represented as being in any
         way connected with or interested in the business of the Company.

15       GRIEVANCE AND DISCIPLINARY PROCEDURES

15.1     The Company deals with  grievances in  accordance  with its  grievances
         procedure a copy of which is available from the Company Secretary.  The
         grievance  procedure  does not form  part of the  Employee's  terms and
         conditions of employment.

15.2     A copy  of the  disciplinary  rules  and  procedure  applicable  to the
         Employee's  employment  are available from the Company  Secretary.  The
         disciplinary  rules and  procedures do not form part of the  Employee's
         terms and conditions of employment.

16.      VARIATION OF TERMS

16.1     This  Agreement  contains   particulars  of  the  Employees  terms  and
         conditions of employment at the date of this agreement.

16.2     The  Company  reserves  the  right  to vary  any of the  terms  of this
         agreement  upon  giving one  month's  notice of such  variation  to the
         Employee.

17.      COLLECTIVE AGREEMENTS

         There are no collective  agreements in force  affecting the  Employee's
         terms and conditions of employment.

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SIGNED for and on behalf of
Yellowbubble.com Limited :
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SIGNED by the Employee :
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