EMPLOYMENT AGREEMENT

This  Employment  Agreement (the  "Agreement")  dated as June 1, 2000 is between
XinLei  Wang  (the   "Employee")  and  Intermost   Corporation  (the  "Company",
"Employer", or collectively, with subsidiaries, affiliates and related entities,
the "Group"), whose principal office is located at 38/F, Guomao Building, Remnin
Road South, Shenzhen, China 518005.

Whereas the Company desires to employ the Employee,  and the Employee desires to
serve the  Company,  as the Chief  Technology  Officer of the Company  under the
terms and condition of this Agreement; and

Now,  therefore,  intending  to be legally  bound  hereby,  Employee and Company
agrees as follows:

Article 1: Position and Duties

The Company shall employ Employee as its Chief  Technology  Officer,  subject to
the approval of Board of Directors of Intermost Corporation, under the terms and
subject to the conditions set forth herein.  The Employee will be classified as,
and shall assume duties  appropriate for the position of an executive officer of
the Company.

During the Term,  the Employee shall  diligently and faithfully  serve the Group
and shall  devote  all his  working  time,  attention  and  efforts  toward  the
performance of his duties and  responsibilities  hereunder.  Employee shall not,
directly or  indirectly,  without the prior  consent of the  Company's  Board of
Directors, as owner, partner, joint venture,  stockholder,  employee,  corporate
officer or director, engage or become financially interested in, or be concerned
with any other duties or pursuits which  interfere  with the  performance of his
duties hereunder, or which even if non-interfering,  may be inimical or contrary
to the best interest of the Group.

These  duties  include,  but are not limited to,  assisting  the  President  and
management of the Company and/or the Group to:

(a)  Maximize long-term  shareholder value of the companies in the Group and the
     Group's  profitability  by formulating and executing  Intermost's  Business
     plan and  strategic  plan for  becoming a long-term  player in the Internet
     industry in the People's Republic of China (PRC) and other areas;

(b)  Provide  the Group  sound  technical  and other  professional  advice,  and
     provide  leadership in  formulating  and  executing  the Group's  strategic
     development, marketing and technology plan;

(c)  Provide  leadership in Company's  technical  planning and  execution;  Lead
     Company technology development activities;

(d)  Perform  such other duties as the Company  President  and  management  team
     and/or the Group President and management team may reasonably require.

Article 2: Term

The term of the  employment  of the  Employee  by the  Company  pursuant to this
Agreement (the "Term") is for a period  commencing  June 1, 2000 and terminating
two years later, on May 31, 2002,  unless sooner terminated in accordance of the
terms hereof.
<PAGE>

Article 3: Compensation

(a)  Base Salary.  In consideration of the Employee's  service rendered pursuant
     hereto and the Employee's  compliance  with the covenants and  restrictions
     set forth in section 6 here,  Company shall pay to the Employee,  effective
     as of the date  hereof,  an annual  base  salary of  HK$455,000  (the "Base
     Salary").  This Base  Salary  will be paid by the Group to the  Employee in
     Hong Kong.  All tax  liabilities  relating  to the Base  Salary and taxable
     benefits,  including income taxes payable by the Employee, shall be for the
     account of the  Employee.  The Base Salary shall be reviewed by the Company
     at least  annually  and may be  adjusted  from  time to  time,  at the sole
     discretion of the Board of Directors of the Company.

(b)  Payment.  The Company shall pay the Employee by paying  HK$35,000.00 on the
     last business day of each month.  The Employee  shall receive double pay at
     the end of Chinese lunar year.


(c)  Bonus. During the period of the Employee's  employment,  the Company agrees
     to award the Employee an annual bonus in an amount of  HK$100,000,  payable
     in the manner determined by the Company,  provided that the revenues of the
     Group exceed US$5,000,000 for the first year of employment and US$6,000,000
     for the second year of employment.

(d)  Allowance. During the period of the Employee's employment, the Company will
     reimburse  to the Employee for his  out-of-pocket  expenses  related to the
     Company business, according to the Company policy.

(e)  Stock Options. Upon the commencement of the Employment Term, Employee shall
     receive options (each an "Option" and together, the "Options") to purchase,
     on each of the first anniversary and second  anniversary of this Agreement,
     the following shares of the Common Stock of Intermost (the "Option Shares")
     at the prices indicated:

                  Anniversary Date        Number of Shares      Price per share

                  First Anniversary         150,000               US $3.00

                  Second Anniversary        230,000               US $4.00

     (i)  The  Options  shall  be  fully  vested   immediately,   and  shall  be
          immediately   exercisable,   notwithstanding   the  exercise   periods
          specified above, upon a Change of Control. A "Change of Control" shall
          mean  the  occurrence  of  any  of  the  following:   (i)  a  sale  of
          substantially all of Intermost's  assets in a single  transaction or a
          series of related transactions or a complete liquidation of Intermost,
          or (ii) any other event that the Board of the Intermost  determines to
          be a Change of Control.

     (ii) The  Option  Shares  shall  be  shares  of  Intermost,  which  can  be
          registered  under a registration  statement  filed with the Securities
          and Exchange Commission of the United States.

     (iii)The Options are  intended to be part of an employee  stock option plan
          to be executed by  Intermost in favor of the  Employee.  To the extent
          that any terms of this  Agreement are  inconsistent  with the terms of
          any such plan, the terms of this Agreement shall control. Intermost is
          executing this Agreement and is a party hereto for the sole purpose of
          confirming and agreeing to the provisions contained in paragraphs 3(d)
          through 3(j) of this Agreement.

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<PAGE>

(f)  Method of  Exercising  Options.  The  Options may be  exercised  by written
     notice to Intermost at its principal  executive office, or to such transfer
     agent as the  Intermost  shall  designate.  Such  notice  shall  state  the
     election to exercise an Option and the number of Option Shares for which it
     is being  exercised,  and shall be signed by the person so  exercising  the
     Option.  Such notice shall be  accompanied  by payment of the full purchase
     price  of such  shares,  and  Intermost  shall  deliver  a  certificate  or
     certificates  representing  such shares as soon as practicable after notice
     shall be received;  provided that the person  exercising the Option may pay
     all or any portion of the  purchase  price by  electing  to have  Intermost
     withhold  Option  Shares,  or by  delivering  previously  owned  shares  of
     Intermost, having a fair market value equal to the amount to be paid.

(g)  Termination of Options.  The Options shall  terminate on the earlier of the
     following:

     (i)  one (1) year after the  termination  of the employment of the Employee
          by death, disability or for any other reason; and

     (ii) the tenth anniversary of the date of this Agreement.

(h)  Options Not  Transferable.  The Options are not  transferable or assignable
     except  (i) by will or by the laws of  descent  and  distribution,  (ii) as
     approved by the Board of Directors of  Intermost,  (iii) to the  Employee's
     spouse,  ex-spouse,   children,   step-children,   mother  or  father  (the
     "Immediate  Family")  (iv)  to an  entity  in  which  the  Employee  or his
     Immediate  Family,  individually or collectively,  have at least 99% of the
     equity,  profit and loss interest, or (v) to a trust holding the option for
     the benefit of the Employee (each such transferee  under  subsections  (ii)
     through (v) being  referred  to as a  "Permitted  Transferee").  During the
     Employee's  lifetime  only  the  Employee  or a  Permitted  Transferee  can
     exercise this option.

(i)  Sales of Option Shares. Employee shall not sell shares obtained through the
     exercise of an Option prior to one year after the Option is exercised.

(j)  Capital  Adjustments.  If at any time  while the  Options  are in effect or
     unexercised there shall be any increase or decrease in the number of issued
     and  outstanding  shares of the Common  Stock of  Intermost  due to (i) the
     declaration of or payment of a stock dividend, or (ii) any recapitalization
     resulting in a stock split,  combination or exchange of shares or (iii) any
     other  increase  or decrease in such  shares  effected  without  receipt of
     consideration  by Intermost,  then the number of Option Shares then subject
     to  purchase  shall be  adjusted  to the end that  the same  proportion  of
     Intermost's  issued  and  outstanding  shares of Common  Stock in each such
     instance shall remain  subject to purchase at the same  aggregate  price as
     provided  in this  Agreement.  Except  as  expressly  provided  above,  the
     issuance by Intermost of shares of its capital stock of any class shall not
     affect,  and no adjustment by reason  thereof shall be made for, the number
     of or price of Option Stock granted under this Agreement

(k)  Personal  Income  Tax.  Personal  income tax  payable  upon the sale of any
     Option Shares shall be borne by the Employee.

(l)  Retirement Plans and other Deferred  Compensation Plans. The Employee shall
     be entitled to participate under all qualified and nonqualified  retirement
     or deferred  compensation  plans  approved by the Board of Directors of the
     Company for which his position would make him eligible.

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<PAGE>

(m)  Reimbursement of Expenses. The Company shall reimburse the Employee for all
     reasonable out-of-pocket expenses incurred by the Employee in the course of
     his duties, in accordance with normal policies of the Company.  The Company
     also  agrees to  specifically  reimburse  the  Employee  for the  following
     expenses:  one round trip ticket (economy  airfare) between one Canadian or
     U.S. destination and Hong Kong per year of employment.

Article 4: Vacations

The Employee shall be entitled to 15 business days of vacation under  guidelines
established  by the Company form time to time.  Vacation time shall not cumulate
from year to year.

Article 5: Termination by Company

(a)  Death and  Disability.  Except as provided  herein,  or any agreement  made
     pursuant  thereto,  if  the  Employee  shall  die  or  become  "Permanently
     disabled" during the term of the Agreement, this Agreement and all benefits
     hereunder shall terminate except that such termination shall not affect any
     vested rights which the Employee may have at the time of his death pursuant
     to any  insurance  or other  death  benefit  plans or  arrangements  of the
     Company, or any rights under the Options, which rights shall continue to be
     governed by the provisions of such plans and agreements or this  Agreement,
     as applicable. For the purposes of this Agreement, Employee shall be deemed
     to be  "Permanently  disabled"  if,  during the term  here,  because of ill
     health,  physical  or  mental  disability,   or  for  other  causes  beyond
     Employee's control,  Employee shall have been unable or unwilling, or shall
     have failed to perform his duties hereunder for sixty (60) days for a total
     period of one hundred twenty (120) days either consecutive or not after the
     Company has made reasonable accommodation for such disability.

(b)  Termination  for Cause.  This  Agreement  may be  terminated by Company for
     "Cause"  which,  for the  purpose  of this  Agreement  shall  mean:  i) the
     commission  by the  Employee  of fraud or  dishonesty,  or  another  act of
     intentional  wrongdoing causing harm to Company,  or (ii) the conviction of
     the  Employee  of a  crime,  or  (iii)  any  act  of  gross  negligence  or
     malfeasance by the Employee causing  material harm to Company,  or (iv) any
     material  breach by Employee of this  Agreement,  which breach is not cured
     within thirty (30) days  following  written  notice of such breach from the
     Company. Any termination for cause shall be accompanied by a written notice
     from the Company to the Employee  setting  forth in  reasonable  detail the
     reasons for such termination.

(c)  Termination  without Cause. This Agreement may be terminated by the Company
     without  cause at any time by delivery of a written  notice sixty (60) days
     prior  to the date of  termination.  In the  absence  of such  notice,  the
     Company  shall pay the  Employee an amount  equal to two (2) months of Base
     Salary in addition to the  severance  pay.  The  severance  pay package for
     Termination  without  cause  should be no more than (i) an amount  equal to
     four (4) months of Base  Salary;  (ii) Half of the number of Stock  Options
     granted to the Employee in Article 3, Section (e) for the 12 months  period
     of  termination,   which  shall  be  vested  immediately  at  the  date  of
     termination.


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<PAGE>

Article 6: Termination by Employee

Employee  may  terminate  this  Agreement  at any time by  delivery of a written
notice of resignation to Company ("Notice of Resignation") sixty (60) days prior
to the date of termination.  In the event of termination by Employee pursuant to
this  provision,  Employee  shall be  entitled  to (i) the Base  Salary  paid or
provided to Employee under this Agreement  through the date of termination,  and
(ii) exercise the Options,  provided the Employer wish to retain the  Employee's
services for sixty (60) days. In the event that the Employer  elect to have less
than sixty (60) days of service from the Employee,  the Employer is obligated to
pay for  only the  services  received.  In the  event  that  this  Agreement  is
terminated  pursuant  to this  provision,  and to the extent the Options are not
exercisable, the Options shall cease and be of no further force or effect.

Article 7: Protection of Confidential Information.

Employee  acknowledges  that his employment by the Company will,  throughout the
term of this Agreement,  bring him in contact with many confidential  affairs of
the  Company  and/or any  companies  in the Group not readily  available  tot he
public, and plans for future developments.  In recognition of the foregoing, the
Employee covenants and agrees that he will not use or disclose to anyone outside
of the  Company,  as the case may be, any  material  confidential  mattes of the
Company and/or any companies in the Group, which are not otherwise in the public
domain,  either during or for a period of 36 months after the termination of his
employment  with  Company,  except  with the  Company's  written  consistent  as
required by court order, law or subpoena, or other legal compulsion to disclose.

Article 8: Covenant Not to Compete

The Employee agrees that during the term of this  Agreement,  employee shall not
either  directly or  indirectly,  whether by  establishing  a new business or by
joining an existing  one,  and whether as a  principal,  employee,  stockholder,
officer,  direct, agent,  consultant or in any other capacity,  compete with the
Company and/or any companies in the Group. This restriction shall apply (i) only
to existing  clients of the Group and to those companies for which the Group has
developed  a tangible  business  relationship  and (ii) during the period of the
Employee's employment and for a period of twelve months after the termination of
his employment for any reason.

Article 9: Intellectual Property

If during the term of the Agreement,  Employee performs work that results in the
development of any inventions relating to processes, formulations and inventions
("Intellectual  Property"),  such  Intellectual  Property shall be the exclusive
property of the Company and Employee shall  promptly turn over the  Intellectual
Property  to the  Company  and shall take all  necessary  steps,  including  the
execution of documents, to vest title and ownership of the Intellectual Property
with the Company.

Article 10: Notice

For  the   purposes  of  this   Agreement,   notices,   demands  and  all  other
communications provided for in the Agreement shall be in writing and may be sent
either  by  registered  mail or  telegram  to him at his  last  known  place  or
residence.  Any notice given by post shall be deemed served at the expiration of
twenty-four hours or may be sent by post addressed,  in the case of the Company,
to its  registered  office  and,  in the  case  of the  Employee,  may be  given
personally or may be deemed served at the expiration of  twenty-four  (24) hours
after the same was posted or sent.

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<PAGE>

Article 11: Validity

The  invalidity  or  unenforceability  for any  provision or  provisions of this
Agreement shall not affect the validity or enforceability of any other provision
of this Agreement, which shall remain in full force and effect.

Article 12: Entire Agreement

This Agreement sets forth the entire agreement and  understanding of the parties
hereto in respect of the subject  matter  contained  herein,  and supersedes all
prior   agreements,   promises,   covenants,    arrangements,    communications,
representations or warranties, whether oral or written, by any officer, employee
or representative of any party hereto or any predecessor of any party hereto.

Article 13: Non-Assignability

This Agreement is entered into in consideration of the personal qualities of the
Employee and may not be, nor may any right or interest hereunder be, assigned by
him without the prior written consent of the Company.

Article 14: Choice of Law

This Agreement is to be governed by and  interpreted  under the laws of the Hong
Kong, without regard to the conflict of law principles.

Article 15: Resolution of Disputes

Any disputes or claims relating to this Agreement or the interpretation, breach,
termination  or  validity   hereof  shall  be  resolved   through   conciliatory
consultation.  If the dispute or claim cannot be resolved through  consultation,
the Parties shall apply for arbitration to the  Arbitration  Association in Hong
Kong, under the International  Commercial Arbitration Rules of such association.
The  arbitration  decision  shall be final and  conclusive  and  binding  on the
parties.

Article 16: Counterparts

This Agreement may be executed in one or more counterparts,  each of which shall
be deemed to be an original but all of which other shall  constitute one and the
same instrument.

Article 17: Severability

The expiration or termination of this Agreement  shall not affect any provisions
hereof (such as  "Protection  of  Confidential  Information",  "Covenant  Not to
Compete", etc.) that shall survive the term of this Agreement.

Article 18: Miscellaneous

No provisions of this  Agreement  may be modified,  waived or discharged  unless
such waiver, modification or discharge is agreed to in writing and signed by the
Employee  and such  officers of the Company as be  specifically  designed by its
Board of  Directors.  No waiver by either party hereto any time of any breach by
the other party hereto of, or  compliance  with,  any  condition or provision of
this Agreement to be performed by such party shall be deemed a waiver of similar
or dissimilar  provisions  or conditions  the same or at any prior or subsequent
time.

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<PAGE>

Article 19: Language

This  Agreement  shall be  written in  English.  Two  original  is to be held by
Company, and one original is to be held by Employee.

IN WITNESS  WHEREOF,  the parties hereto have executed this Agreement on the day
and year first above written.



INTERMOST CORPORATION


By:
---------------------
Title & Date:


---------------------
EMPLOYEE: