Filed by Automated Filing Services Inc. (604) 609-0244 - Papertradex (US) Inc. - Exhibit 10.2






Paper Tradex Europe Ltd
Suite 5.15, MLS Business
Centre
130 Shaftesbury Avenue
London, W1D 5EU
Tel
020 7031 1185

EXHIBIT 10.2

Rory Oliver
97c Tyrwhitt Road
London
SE4

July 26th 2004

Dear Rory,

PAPERTRADEX EUROPE Limited (the "Company") 

I write to confirm the terms of your appointment as Managing
Director

	1. 	
      Your appointment as Director, registered at Companies
      House as such, will commence on the 1st September 2004, and is
      subject to the Memorandum and Articles of Association of the
    Company.

	 	 	 	 
		
      During the period of your appointment you will:

	 	 	 	 
		(a) 	
      attend meetings of the Board of Directors of the Company
      and general meetings of the Company (if any);

	 	 	 	 
		(b) 	
      serve on such committees of the Board as the Board may
      determine from time to time;

	 	 	 	 
		(c) 	
      undertake such services as are consistent with your
      appointment as an executive member of the Board of the Company which will
      include:

	 	 	 	 
			(i) 	
      Ensure the proper corporate governance for the
    Company

	 	 	 	 
			(ii) 	
      Advice and assistance on Company development

	 	 	 	 
			(iii) 	
      Provide sales and marketing training, guidance and advice
      to the MD’s of the start-up companies, which operates under the Company’s
      umbrella

	 	 	 	 
			(iv) 	
      Ensure that the start-up companies reach their
      mile-stones and thereby secure further funding.



Registered Address
27 New Bond Street
London, W1S
2RH
Company No: 3836824




Paper Tradex Europe Ltd
Suite 5.15, MLS Business
Centre
130 Shaftesbury Avenue
London, W1D 5EU
Tel
020 7031 1185

	2. 	
      Conditional upon your continued employment with the
      Company and in consideration of you providing your services to the
      Company, the Company will issue to you on the anniversary of every three
      months from the date of your commencement of employment 40,833 shares to a
      total of 245,000 ordinary shares, upon the final issue being made a
      further 2 shares will issued.

	 	 
		
      In the event the Company accepts either a listing or a
      take-over, the balance outstanding of 245,000 will be issued.

	 	 
		
      The total number of shares issued shall not exceed
      245,000.

	 	 
		
      The Company shall issue the relevant shares, enter your
      details in the register of members of the Company, and deliver a share
      certificate in respect of those shares within 14 days of the end of the
      quarter period.

	 	 
		
      Should the Employment Contract be terminated by either
      party at any time before a period of 18 months, or before an exit is
      provided, then no further shares will be issued.

	 	 
	3. 	
      The Company shall, on submission of receipts, reimburse
      all reasonable travelling, accommodation, meal and other expenses wholly,
      exclusively and necessarily incurred by you in the performance of your
      duties as a Officer. Such expenses will be reimbursed to you within 21
      days of you submitting an APPROVED expenses claim in respect of
    them.

	 	 
	4. 	
      You will declare to the Board any business or beneficial
      interest which you or any connected person, as defined in the Companies
      Act 1985, has or may have with any person, firm or company which in any
      way deals with the Company or with any other member of the Group. You will
      comply with the policy of the Company as may be in force from time to time
      in relation to conflicts of interest.

	 	 
	5. 	
      You shall treat as secret and confidential and shall not,
      except in the proper course of your duties, during or after your period of
      appointment divulge or otherwise make use of confidential information
      relating to any member of the Group; but this restriction shall not apply
      to any information which enters the public domain otherwise than through
      unauthorised disclosure by you.

	 	 
	6. 	
      If this Agreement shall terminate for whatever reason and
      howsoever caused, you shall forthwith resign as a Director, should you
      have been appointed as one, and resign from any other office which you may
      then hold with any member of the Group.



Registered Address
27 New Bond Street
London, W1S
2RH
Company No: 3836824




Paper Tradex Europe Ltd
Suite 5.15, MLS Business
Centre
130 Shaftesbury Avenue
London, W1D 5EU
Tel
020 7031 1185

	7. 	
      Upon the termination of your appointment you agree
      immediately to deliver to the Company any and all property in your control
      relating to the business or affairs of any member of the Group and shall
      not retain any copies.

	 	 
	8. 	
      It is agreed that you are an employee of the Company and
      a member of the Group and that this Agreement shall be ad hoc to the
      contract of employment.

	 	 
	9. 	
      This Agreement sets out the entire agreement between you
      and the Company and supersedes all prior agreements and understandings
      relating to this subject matter.

	 	 
	10. 	
      The parties hereto do not intend that any term of this
      Agreement should be enforceable by any third party as provided by The
      Contracts (Rights Of Third Parties) Act 1999

	 	 
	11. 	
      This Agreement shall be governed by English
  Law.



I should be grateful if you would sign and return a copy of
this letter to indicate your agreement and acceptance of its terms.

Yours sincerely,

/s/ Ulrik
DeBo
_____________________________________
For and on behalf of the
Paper Tradex Inc

I hereby agree to and accept the above terms

	/s/ Rory Oliver 	29/7/04 	 
	Rory Oliver 	Date: 	 


Registered Address
27 New Bond Street
London, W1S
2RH
Company No: 3836824