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                                                                  EXHIBIT 10.25


                             TERMINATION AGREEMENT

        AGREEMENT dated this 11th day of July, 1995, by and between Alfin, 
Inc., a New York corporation (the "Company") and Mayer D. Moyal, an individual 
residing at 235 West 48th Street, apartment 41H, New York, New York 10036 (the 
"Executive").
       
        WHEREAS, the Executive has been most recently employed by the Company 
as Chairman of the Board and Chief Executive Officer and has contributed 
greatly in turning around the Company; and

        WHEREAS, the Executive and the Company have agreed to terminate the 
Executive's employment with the Company and to set forth in this Agreement the 
terms and conditions of such termination.

        NOW, THEREFORE, in consideration of the promises, covenants and 
agreements set forth herein, the parties agree as follows:

        1.      Termination of Employment.

                The Executive's employment with the Company is hereby 
terminated, without any liability on the part of either party hereto to the 
other as of June 19, 1995 (the "Effective Date").

        2.      Obligations.

                (a)  The Company shall pay the Executive upon the execution of 
this Agreement all accrued salary due and unpaid through the Effective Date. In 
addition the Company shall pay the Executive a severance payment in the amount 
of $150,000, which shall be payable as follows: $50,000 upon the execution of 
this Agreement, $50,000 on or before August 7, 1995 and $50,000 on or before 
September 7, 1995. In addition, on each of the date of the execution of this 
Agreement, August 7, 1995 and September 7, 1995,
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the Executive shall receive a $10,000 expense advance from the Company, said 
advance shall include, but not be limited to expenses for living, purchases, 
travel, transportation and entertainment for the Executive and his family, 
provided, however, that the Executive must provide documentation to the Company 
no later than October 1, 1995 supporting all such advances. In no event shall 
the Executive be entitled to any further reimbursement of expenses above the 
aggregate amount of $30,000 to be advanced. The Executive shall reimburse the 
Company for withholding taxes, if any, required to be paid by the Company in 
connection with undocumented or disallowed, for tax purposes, advances. The 
Executive shall be allowed to continue to use the Company's apartment, which 
the Executive is currently occupying, and the Company automobile through 
September 30, 1995. The Executive shall vacate such apartment and return such 
automobile to the Company on or before September 30, 1995.

                (b)  The Executive hereby gives up all rights to his options to 
purchase 300,000 shares of the Company's common stock previously issued to him, 
effective upon the execution of this Agreement.

                (c)  All payments due under this Agreement are due on or 
before the dates set forth herein. Any payment not received on or before such 
date shall incur a 1% monthly surcharge.

        3.      Mutual Releases.

                (a)  The Executive agrees that, effective as of the Effective 
Date, he releases and forever discharges the Company and its parents, 
affiliates, divisions, agents, subsidiaries, predecessors, successors and 
assigns, each of them (the "Company


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Releasees"), from any and all claims, actions, causes of action, covenants, 
contracts, agreements, losses, damages, liabilities, costs, expenses, 
assessments, sums of money, promises and demands of any nature whatsoever 
against the Company Releasees which he or his heirs, executors, 
administrators, successors and assigns ever had, now have or hereafter can, 
shall or may have for, upon or by reason of any matter, cause of things 
whatsoever from the beginning of the world to the date of this Agreement and 
hereafter through the Effective Date, except that the Company shall not be 
released or discharged from any of its obligations under this Agreement.

        (b)  The Company agrees that, effective as of the Effective Date, it 
releases and forever discharges the Executive from any and all claims, actions,
causes of action, covenants, contracts, agreements, losses, damages,
liabilities, costs, expenses, assessments, sums of money, promises and demands
of any nature whatsoever against the Executive which the Company, its successors
and assigns ever had, now have or hereafter can, shall or may have for, upon or
by reason of any matter, cause or things whatsoever from the beginning of the
world to the date of this Agreement and hereafter through the Effective Date,
except that the Executive shall not be released or discharged from any of  his
obligations under this Agreement.

        4.  Governing Law.

            The interpretation and construction of this Agreement shall be 
governed by the laws of the State of New York applicable to agreements made and 
to be performed in New York.

        5.  Entire Agreement.


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        This Agreement constitutes the entire agreement of the parties with 
respect to the subject matter hereof and supersedes all prior written and oral 
agreements with respect to the subject matter hereof and supersedes all prior 
written and oral agreements with respect thereto.
        
        IN WITNESS WHEREOF, the parties hereto have set their hands as of the 
date first written above.

                                ALFIN, INC.


                                By: __________________________________________
                                    Jean Farat
                                    Chairman

                                ______________________________________________
                                Mayer D. Moyal


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