Document:

PERFISANS HOLDINGS, INC.

                              EMPLOYMENT AGREEMENT

          EMPLOYMENT AGREEMENT made as of this 12th day of February, 2004 by and
between PERFISANS  HOLDINGS,  INC. a Maryland  corporation,  having an office at
7828 Kennedy Road, Suite 201, Markham,  Ontario L3R 5P1(hereinafter  referred to
as  "Employer")  and TO-HON LAM, an individual  residing at  ___________________
(hereinafter referred to as "Employee");

                              W I T N E S S E T H:

          WHEREAS,  Employer  desires to employ  Employee as the Chief Executive
Officer of Employer; and

          WHEREAS,  Employee is willing to be  employed  as the Chief  Executive
Officer of Employer in the manner provided for herein, and to perform the duties
of the Chief Executive  Officer of Employer upon the terms and conditions herein
set forth;

          NOW, THEREFORE,  in consideration of the promises and mutual covenants
herein set forth it is agreed as follows:

          1.  EMPLOYMENT OF CHIEF  EXECUTIVE  OFFICER.  Employer  hereby employs
Employee as Chief Executive Officer.

          2.  TERM.

          Subject to Section 9 the term of this Agreement  shall be for a period
of  twenty-four  (24)  months   commencing  on  the  date  that  the  Employer's
registration  statement on Form SB-2 (the  "Registration  Statement") filed with
the U.S.  Securities and Exchange  Commission (the "Commission") on February 12,
2004 is declared  effective by the Commission.  The Term of this Agreement shall
be  automatically  extended for additional  one (1) year periods,  unless either
party  notifies  the other in  writing  at least  ninety  (90) days prior to the
expiration  of the then  existing  Term of its intention not to extend the Term.
During the Term,  Employee shall devote  substantially  all of his business time
and efforts to Employer and its subsidiaries and affiliates.

          3. DUTIES.  The  Employee  shall  perform  those  functions  generally
performed  by persons of such title and  position,  shall attend all meetings of
the  stockholders  and the Board,  shall

                                      -1-
<PAGE>

perform any and all  related  duties and shall have any and all powers as may be
prescribed  by  resolution  of the Board,  and shall be  available to confer and
consult  with and advise the  officers  and  directors of Employer at such times
that may be required by Employer.  Employee shall report  directly and solely to
the Board.

          4.  COMPENSATION.

              a. (i) Employee shall be paid a salary of $200,000 per year during
the Term of this  Agreement.  Employee shall be paid  periodically in accordance
with the policies of the  Employer  during the term of this  Agreement,  but not
less than monthly.

                  (ii)  Employee is eligible  for an annual  bonus of $50,000 in
the event that the Employer  achieves  revenues of $8,000,000 in fiscal 2004 and
$50,000 if the Employer  achieves revenues of $36,000,000 in Fiscal 2005. In the
event that this  Agreement  is  automatically  extended for an  additional  year
pursuant to Section 2 hereof,  the  Employer  will receive a bonus of $50,000 if
revenues in fiscal 2006 equal or exceed $90,000,000.  Such bonus will be paid in
accordance with policies set from time to time by the Board.

              b.  [Employee  shall receive a leased  car of his  choice paid for
by the Employer, at a cost not to exceed $1,000 per month].

              c.  Employer  shall  include  Employee  in  its  health  insurance
program available to  Employer's  executive  officers and  shall pay 100% of the
premiums for such program.

              d.  Employee  shall  have the  right to  participate  in any other
employee benefit plans established by Employer.

              e. (i) In the  event of a "Change  of  Control"  (Each as  defined
herein)

              (A)  Employee is entitled to receive (i) the unpaid  amount of his
base salary earned through the date of termination;  (ii) any bonus compensation
earned but not yet paid; and (iii) a severance  payment equal to one (1) year of
his then current salary.

              (B) All stock options and warrants  ("Rights") granted by Employer
to  Employee  under any plan or  otherwise  prior to the  effective  date of the
Change of  Control,  shall  become  vested,  accelerate  and become  immediately
exercisable.

                                      -2-
<PAGE>

          As used in Mr. Lam's employment  agreement,  "change in control" means
(1) the Employer's merger of consolidation with another entity where the members
of our Board, do not, immediately after the merger or consolidation,  constitute
a majority of the Board of Directors of the entity issuing cash or securities in
the merger or consolidation immediately prior to the merger or consolidation, or
(2) the sale or other disposition of all or substantially all of our assets.

          5.  EXPENSES.  Employee  shall  be  reimbursed  for all of his  actual
out-of-pocket  expenses  incurred in the  performance  of his duties  hereunder,
provided such expenses are  acceptable to Employer,  which approval shall not be
unreasonably withheld,  for business related travel and entertainment  expenses,
and that Employee  shall submit to Employer  reasonably  detailed  receipts with
respect thereto.

          6. VACATION. Employee shall be entitled to receive four (4) weeks paid
vacation time after each year of employment  upon dates agreed upon by Employer.
Upon  separation of  employment,  for any reason,  vacation time accrued and not
used  shall be paid at the  salary  rate of  Employee  in  effect at the time of
employment separation.

          7.  SECRECY.  At  no  time  shall  Employee  disclose  to  anyone  any
confidential  or  secret  information  (not  already  constituting   information
available to the public) concerning the internal affairs,  business  operations,
and trade secrets of Employer.

          8.  COVENANT NOT TO COMPETE.

     (a) Subject to, and limited by, Section 10, Employee will not, at any time,
during  the  term of this  Agreement,  and for one (1) year  thereafter,  either
directly  or  indirectly,  engage in, with or for any  enterprise,  institution,
whether or not for profit,  business, or company,  competitive with the business
(as identified herein) of Employer as such business may be conducted on the date
thereof, as a creditor,  guarantor, or financial backer, stockholder,  director,
officer,  consultant,  advisor, employee, member, or otherwise of or through any
corporation,  partnership,  association,  sole  proprietorship  or other entity;
provided,  that an  investment  by  Employee,  his  spouse  or his  children  is
permitted  if such  investment  is not more than four  percent (4%) of the total
debt or equity  capital  of any such  competitive  enterprise  or  business  and
further provided that said competitive enterprise or business is a publicly held
entity whose stock is listed and traded on a national stock exchange, the NASDAQ
Stock Market, or the  over-

                                      -3-
<PAGE>

the-counter  bulletin board or any successor thereto. As used in this Agreement,
the business of Employer  shall be deemed to include  wholesale  monitoring  and
related  support  services,  and financing  solutions  and products,  within the
security alarm industry.

     (b) For a period one year from the date of  termination  of this  agreement
Employee shall not contact or solicit any of the Employer's dealers,  customers,
employees or suppliers.

          9.  TERMINATION.

              a.  TERMINATION BY EMPLOYER

                      (i) Employer may  terminate  this  Agreement  upon written
notice  for Cause.  For  purposes  hereof,  "Cause"  shall  mean (A)  Employee's
misconduct as could  reasonably be expected to have a material adverse effect on
the  business and affairs of Employer,  (B) the  Employee's  disregard of lawful
instructions  of  Employer's  Board  of  Directors  consistent  with  Employee's
position relating to the business of Employer or neglect of duties or failure to
act,  which,  in each case,  could  reasonably  be  expected  to have a material
adverse  effect on the  business  and  affairs of  Employer,(C)  engaging by the
Employee in conduct that constitutes activity in competition with Employer;  (D)
the  conviction  of  Employee  for the  commission  of a felony;  and/or (E) the
habitual abuse of alcohol or controlled substances.  Notwithstanding anything to
the contrary in this Section  9(a)(i),  Employer  may not  terminate  Employee's
employment  under this  Agreement  for Cause  unless  Employee  shall have first
received  notice  from the  Board  advising  Employee  of the  specific  acts or
omissions alleged to constitute Cause, and such acts or omissions continue after
Employee shall have had a reasonable opportunity (at least 10 days from the date
Employee receives the notice from the Board) to correct the acts or omissions so
complained  of.  In no event  shall  alleged  incompetence  of  Employee  in the
performance of Employee's duties be deemed grounds for termination for Cause.

                      (ii) This agreement automatically shall terminate upon the
death of Employee,  except that  Employee's  estate shall be entitled to receive
any amount accrued under Section 4(a).

              b.  TERMINATION BY EMPLOYEE

                      (i)  Employee  shall  have  the  right  to  terminate  his
employment under this Agreement upon 30 days' notice to Employer given within 90
days following the occurrence of any of the following  events (A) through (F) or
within one year following the occurrence of event (G):

                                      -4-
<PAGE>

                          (A)  Employee  is not  elected  or  retained  as Chief
Executive Officer.

                          (B)  Employer  acts to  materially  reduce  Employee's
duties and  responsibilities  hereunder.  Employee's duties and responsibilities
shall not be deemed  materially  reduced for purposes hereof solely by virtue of
the fact that Employer is (or  substantially  all of its assets are) sold to, or
is combined with, another entity,  provided that Employee shall continue to have
the same duties and responsibilities  with respect to Employer's  business,  and
Employee shall report  directly to the chief  executive  officer and/or board of
directors of the entity (or individual) that acquires Employer or its assets.

                          (C) Employer acts to change the geographic location of
the  performance  of  Employee's  duties from the  Toronto,  Ontario  area.  For
purposes of this Agreement,  the Toronto, Ontario area shall be deemed to be the
area within 60 miles of the current address of the Employer as set forth above.

                          (D) A Material  Reduction (as hereinafter  defined) in
Employee's rate of base  compensation,  or Employee's other benefits.  "Material
Reduction" shall mean a ten percent (10%) differential;

                          (E) A failure by Employer to obtain the  assumption of
this Agreement by any successor;

                          (F) A material  breach of this  Agreement by Employer,
which is not cured within  thirty (30) days of written  notice of such breach by
Employer;

                          (G) A Change of Control.

                      (ii)  Anything  herein  to the  contrary  notwithstanding,
Employee may terminate this Agreement upon thirty (30) days written notice.

                      (iii) If Employee shall terminate this Agreement  pursuant
to Section  9(b)(ii),  Employee shall only be entitled to any accrued and unpaid
compensation as of the date of termination as provided in Section 4(a)(i).

          10. REMEDIES

              Employer  recognizes that because of Employee's  special  talents,
stature and opportunities in the computer  industry,  and because of the special
creative nature of and

                                      -5-
<PAGE>

compensation  practices of said industry and the material impact that individual
projects  can have on the  Company's  results  of  operations,  in the  event of
termination  by Employer  hereunder or in the event of  termination  by Employee
under  Section  9(b)(i)  before  the  end  of  the  agreed  term,  the  Employer
acknowledges and agrees that the provisions of this Agreement  regarding further
payments of base salary,  bonuses and the  exercisability  of rights  constitute
fair and reasonable provisions for the consequences of such termination,  do not
constitute a penalty,  and such  payments  and benefits  shall not be limited or
reduced  by  amounts'  Employee  might  earn or be able to earn  from any  other
employment  or  ventures  during  the  remainder  of the  agreed  term  of  this
Agreement.

          11. ATTORNEYS'  FEES AND COSTS.  If any action  at law or in equity is
necessary to enforce or interpret the terms of this  Agreement,  the  prevailing
party shall be entitled  to  reasonable  attorney's  fees,  costs and  necessary
disbursements in addition to any other relief to which he may be entitled.

          12. ENTIRE  AGREEMENT;  SURVIVAL.  This Agreement  contains the entire
agreement  between the parties  with  respect to the  transactions  contemplated
herein and  supersedes,  effective as of the date hereof any prior  agreement or
understanding   between   Employer  and  Employee  with  respect  to  Employee's
employment by Employer.  The unenforceability of any provision of this Agreement
shall not effect the  enforceability of any other provision.  This Agreement may
not be amended  except by an agreement in writing signed by the Employee and the
Employer, or any waiver, change,  discharge or modification as sought. Waiver of
or failure to exercise any rights  provided by this Agreement and in any respect
shall not be deemed a waiver of any further or future rights.

              b. The provisions of Sections 4, 7, 8,  9(a)(ii),  10, 11, 12, 13,
15, 16 and 17 shall survive the termination of this Agreement.

          13. ASSIGNMENT. This Agreement shall not be assigned to other parties.

          14. GOVERNING LAW. This Agreement and all the amendments  hereof,  and
waivers and consents with respect thereto shall be governed by the internal laws
of the province of Ontario  without  regard to the conflicts of laws  principles
thereof.

          15. NOTICES. All notices,  responses,  demands or other communications
under this Agreement  shall be in writing and shall be deemed to have been given
when

              a.  delivered by hand;

                                      -6-
<PAGE>

              b. sent be telex or telefax,  (with receipt  confirmed),  provided
that a copy is mailed by registered or certified mail, return receipt requested;
or

              c. received by the addressee as sent be express  delivery  service
(receipt requested) in each case to the appropriate addresses, telex numbers and
telefax  numbers  as the  party may  designate  to itself by notice to the other
parties:

                  (i) if to the Employer:

                       Perfisans Holdings, Inc.
                       7828 Kennedy Road, Suite 201
                       Markham, Ontario L3R 5P1
                       Attention: Alpha Pang

                       Telefax: (905) 943-7560
                       Telephone:(905) 943-9996

                       Gersten, Savage, Kaplowitz,
                       Wolf & Marcus LLP
                       101 East 52nd Street
                       9th Floor
                       New York, New York 10022
                       Attention:  Arthur S. Marcus, Esq.

                       Telefax: (212) 980-5192
                       Telephone: (212) 752-9700

                  (ii) if to the Employee:

                       To-Hon Lam

          16.  SEVERABILITY OF AGREEMENT.  Should any part of this Agreement for
any  reason be  declared  invalid  by a court of  competent  jurisdiction,  such
decision shall not affect the validity of any remaining portion, which remaining
provisions  shall remain in full force and effect as if this  Agreement had been
executed with the invalid portion thereof eliminated,  and it is hereby declared
the  intention  of the  parties  that they would  have  executed  the  remaining
portions of this Agreement  without  including any such part,  parts or portions
which may, for any reason, be hereafter declared invalid.

          IN WITNESS WHEREOF, the undersigned have executed this agreement as of
the day and year first above written.

                                      -7-
<PAGE>

                                           PERFISANS HOLDINGS, INC.

                                           By: _____________________________
                                                 Bok Wong
                                                 Vice President of Operations
                                                 & Business Development

                                               _____________________________
                                                 To Hon Lam

                                      -8-PERFISANS HOLDINGS, INC.

                              EMPLOYMENT AGREEMENT

          EMPLOYMENT AGREEMENT made as of this 12th day of February, 2004 by and
between PERFISANS  HOLDINGS,  INC. a Maryland  corporation,  having an office at
7828 Kennedy Road, Suite 201, Markham,  Ontario L3R 5P1(hereinafter  referred to
as  "Employer")  and Bok Wong, an individual  residing at  _____________________
(hereinafter referred to as "Employee");

                              W I T N E S S E T H:

          WHEREAS,  Employer desires to employ Employee as the Vice President of
Operations & Business Development of Employer; and

          WHEREAS,  Employee is willing to be employed as the Vice  President of
Operations & Business Development of Employer in the manner provided for herein,
and to  perform  the  duties of the Vice  President  of  Operations  &  Business
Development of Employer upon the terms and conditions herein set forth;

          NOW, THEREFORE,  in consideration of the promises and mutual covenants
herein set forth it is agreed as follows:

          1. EMPLOYMENT OF VICE PRESIDENT OF OPERATIONS & BUSINESS  DEVELOPMENT.
Employer  hereby  employs  Employee as Vice  President of  Operations & Business
Development.

          2.  TERM.

          Subject to Section 9 the term of this Agreement  shall be for a period
of  twenty-four  (24)  months   commencing  on  the  date  that  the  Employer's
registration  statement on Form SB-2 (the  "Registration  Statement") filed with
the U.S.  Securities and Exchange  Commission (the "Commission") on February 12,
2004 is declared  effective by the Commission.  The Term of this Agreement shall
be  automatically  extended for additional  one (1) year periods,  unless either
party  notifies  the other in  writing  at least  ninety  (90) days prior to the
expiration  of the then  existing  Term of its intention not to extend the Term.
During the Term,  Employee shall devote  substantially  all of his business time
and efforts to Employer and its subsidiaries and affiliates.

          3. DUTIES.  The  Employee  shall  perform  those  functions  generally
performed  by persons of such title and  position,  shall attend all meetings of
the  stockholders  and the Board,  shall

                                      -1-
<PAGE>

perform any and all  related  duties and shall have any and all powers as may be
prescribed  by  resolution  of the Board,  and shall be  available to confer and
consult  with and advise the  officers  and  directors of Employer at such times
that may be required by Employer.  Employee shall report  directly and solely to
the Board.

          4.  COMPENSATION.

              a. (i) Employee shall be paid a salary of $200,000 per year during
the Term of this  Agreement.  Employee shall be paid  periodically in accordance
with the policies of the  Employer  during the term of this  Agreement,  but not
less than monthly.

                  (ii)  Employee is eligible  for an annual  bonus of $50,000 in
the event that the Employer  achieves  revenues of $8,000,000 in fiscal 2004 and
$50,000 if the Employer  achieves revenues of $36,000,000 in Fiscal 2005. In the
event that this  Agreement  is  automatically  extended for an  additional  year
pursuant to Section 2 hereof,  the  Employer  will receive a bonus of $50,000 if
revenues in fiscal 2006 equal or exceed $90,000,000.  Such bonus will be paid in
accordance with policies set from time to time by the Board.

              b.  [Employee  shall receive a leased  car of his  choice paid for
by the Employer, at a cost not to exceed $1,000 per month].

              c.  Employer  shall  include  Employee  in  its  health  insurance
program available to  Employer's  executive  officers and  shall pay 100% of the
premiums for such program.

              d.  Employee  shall  have the  right to  participate  in any other
employee benefit plans established by Employer.

              e. (i) In the  event of a "Change  of  Control"  (Each as  defined
herein)

              (A)  Employee is entitled to receive (i) the unpaid  amount of his
base salary earned through the date of termination;  (ii) any bonus compensation
earned but not yet paid; and (iii) a severance  payment equal to one (1) year of
his then current salary.

              (B) All stock options and warrants  ("Rights") granted by Employer
to  Employee  under any plan or  otherwise  prior to the  effective  date of the
Change of  Control,  shall  become  vested,  accelerate  and become  immediately
exercisable.

                                      -2-
<PAGE>

          As used in Mr. Lam's employment  agreement,  "change in control" means
(1) the Employer's merger of consolidation with another entity where the members
of our Board, do not, immediately after the merger or consolidation,  constitute
a majority of the Board of Directors of the entity issuing cash or securities in
the merger or consolidation immediately prior to the merger or consolidation, or
(2) the sale or other disposition of all or substantially all of our assets.

          5.  EXPENSES.  Employee  shall  be  reimbursed  for all of his  actual
out-of-pocket  expenses  incurred in the  performance  of his duties  hereunder,
provided such expenses are  acceptable to Employer,  which approval shall not be
unreasonably withheld,  for business related travel and entertainment  expenses,
and that Employee  shall submit to Employer  reasonably  detailed  receipts with
respect thereto.

          6. VACATION. Employee shall be entitled to receive four (4) weeks paid
vacation time after each year of employment  upon dates agreed upon by Employer.
Upon  separation of  employment,  for any reason,  vacation time accrued and not
used  shall be paid at the  salary  rate of  Employee  in  effect at the time of
employment separation.

          7.  SECRECY.  At  no  time  shall  Employee  disclose  to  anyone  any
confidential  or  secret  information  (not  already  constituting   information
available to the public) concerning the internal affairs,  business  operations,
and trade secrets of Employer.

          8.  COVENANT NOT TO COMPETE.

     (a) Subject to, and limited by, Section 10, Employee will not, at any time,
during  the  term of this  Agreement,  and for one (1) year  thereafter,  either
directly  or  indirectly,  engage in, with or for any  enterprise,  institution,
whether or not for profit,  business, or company,  competitive with the business
(as identified herein) of Employer as such business may be conducted on the date
thereof, as a creditor,  guarantor, or financial backer, stockholder,  director,
officer,  consultant,  advisor, employee, member, or otherwise of or through any
corporation,  partnership,  association,  sole  proprietorship  or other entity;
provided,  that an  investment  by  Employee,  his  spouse  or his  children  is
permitted  if such  investment  is not more than four  percent (4%) of the total
debt or equity  capital  of any such  competitive  enterprise  or  business  and
further provided that said competitive enterprise or business is a publicly held
entity whose stock is listed and traded on a national stock exchange, the NASDAQ
Stock Market, or the  over-

                                      -3-
<PAGE>

the-counter  bulletin board or any successor thereto. As used in this Agreement,
the business of Employer  shall be deemed to include  wholesale  monitoring  and
related  support  services,  and financing  solutions  and products,  within the
security alarm industry.

     (b) For a period one year from the date of  termination  of this  agreement
Employee shall not contact or solicit any of the Employer's dealers,  customers,
employees or suppliers.

          9.  TERMINATION.

              a.  TERMINATION BY EMPLOYER

                      (i) Employer may  terminate  this  Agreement  upon written
notice  for Cause.  For  purposes  hereof,  "Cause"  shall  mean (A)  Employee's
misconduct as could  reasonably be expected to have a material adverse effect on
the  business and affairs of Employer,  (B) the  Employee's  disregard of lawful
instructions  of  Employer's  Board  of  Directors  consistent  with  Employee's
position relating to the business of Employer or neglect of duties or failure to
act,  which,  in each case,  could  reasonably  be  expected  to have a material
adverse  effect on the  business  and  affairs of  Employer,(C)  engaging by the
Employee in conduct that constitutes activity in competition with Employer;  (D)
the  conviction  of  Employee  for the  commission  of a felony;  and/or (E) the
habitual abuse of alcohol or controlled substances.  Notwithstanding anything to
the contrary in this Section  9(a)(i),  Employer  may not  terminate  Employee's
employment  under this  Agreement  for Cause  unless  Employee  shall have first
received  notice  from the  Board  advising  Employee  of the  specific  acts or
omissions alleged to constitute Cause, and such acts or omissions continue after
Employee shall have had a reasonable opportunity (at least 10 days from the date
Employee receives the notice from the Board) to correct the acts or omissions so
complained  of.  In no event  shall  alleged  incompetence  of  Employee  in the
performance of Employee's duties be deemed grounds for termination for Cause.

                      (ii) This agreement automatically shall terminate upon the
death of Employee,  except that  Employee's  estate shall be entitled to receive
any amount accrued under Section 4(a).

              b.  TERMINATION BY EMPLOYEE

                      (i)  Employee  shall  have  the  right  to  terminate  his
employment under this Agreement upon 30 days' notice to Employer given within 90
days following the occurrence of any of the following  events (A) through (F) or
within one year following the occurrence of event (G):

                                      -4-
<PAGE>

                          (A)  Employee  is not  elected  or  retained  as Chief
Executive Officer.

                          (B)  Employer  acts to  materially  reduce  Employee's
duties and  responsibilities  hereunder.  Employee's duties and responsibilities
shall not be deemed  materially  reduced for purposes hereof solely by virtue of
the fact that Employer is (or  substantially  all of its assets are) sold to, or
is combined with, another entity,  provided that Employee shall continue to have
the same duties and responsibilities  with respect to Employer's  business,  and
Employee shall report  directly to the chief  executive  officer and/or board of
directors of the entity (or individual) that acquires Employer or its assets.

                          (C) Employer acts to change the geographic location of
the  performance  of  Employee's  duties from the  Toronto,  Ontario  area.  For
purposes of this Agreement,  the Toronto, Ontario area shall be deemed to be the
area within 60 miles of the current address of the Employer as set forth above.

                          (D) A Material  Reduction (as hereinafter  defined) in
Employee's rate of base  compensation,  or Employee's other benefits.  "Material
Reduction" shall mean a ten percent (10%) differential;

                          (E) A failure by Employer to obtain the  assumption of
this Agreement by any successor;

                          (F) A material  breach of this  Agreement by Employer,
which is not cured within  thirty (30) days of written  notice of such breach by
Employer;

                          (G) A Change of Control.

                      (ii)  Anything  herein  to the  contrary  notwithstanding,
Employee may terminate this Agreement upon thirty (30) days written notice.

                      (iii) If Employee shall terminate this Agreement  pursuant
to Section  9(b)(ii),  Employee shall only be entitled to any accrued and unpaid
compensation as of the date of termination as provided in Section 4(a)(i).

          10. REMEDIES

              Employer  recognizes that because of Employee's  special  talents,
stature and opportunities in the computer  industry,  and because of the special
creative nature of and

                                      -5-
<PAGE>

compensation  practices of said industry and the material impact that individual
projects  can have on the  Company's  results  of  operations,  in the  event of
termination  by Employer  hereunder or in the event of  termination  by Employee
under  Section  9(b)(i)  before  the  end  of  the  agreed  term,  the  Employer
acknowledges and agrees that the provisions of this Agreement  regarding further
payments of base salary,  bonuses and the  exercisability  of rights  constitute
fair and reasonable provisions for the consequences of such termination,  do not
constitute a penalty,  and such  payments  and benefits  shall not be limited or
reduced  by  amounts'  Employee  might  earn or be able to earn  from any  other
employment  or  ventures  during  the  remainder  of the  agreed  term  of  this
Agreement.

          11. ATTORNEYS'  FEES AND COSTS.  If any action  at law or in equity is
necessary to enforce or interpret the terms of this  Agreement,  the  prevailing
party shall be entitled  to  reasonable  attorney's  fees,  costs and  necessary
disbursements in addition to any other relief to which he may be entitled.

          12. ENTIRE  AGREEMENT;  SURVIVAL.  This Agreement  contains the entire
agreement  between the parties  with  respect to the  transactions  contemplated
herein and  supersedes,  effective as of the date hereof any prior  agreement or
understanding   between   Employer  and  Employee  with  respect  to  Employee's
employment by Employer.  The unenforceability of any provision of this Agreement
shall not effect the  enforceability of any other provision.  This Agreement may
not be amended  except by an agreement in writing signed by the Employee and the
Employer, or any waiver, change,  discharge or modification as sought. Waiver of
or failure to exercise any rights  provided by this Agreement and in any respect
shall not be deemed a waiver of any further or future rights.

              b. The provisions of Sections 4, 7, 8,  9(a)(ii),  10, 11, 12, 13,
15, 16 and 17 shall survive the termination of this Agreement.

          13. ASSIGNMENT. This Agreement shall not be assigned to other parties.

          14. GOVERNING LAW. This Agreement and all the amendments  hereof,  and
waivers and consents with respect thereto shall be governed by the internal laws
of the province of Ontario  without  regard to the conflicts of laws  principles
thereof.

          15. NOTICES. All notices,  responses,  demands or other communications
under this Agreement  shall be in writing and shall be deemed to have been given
when

              a.  delivered by hand;

                                      -6-
<PAGE>

              b. sent be telex or telefax,  (with receipt  confirmed),  provided
that a copy is mailed by registered or certified mail, return receipt requested;
or

              c. received by the addressee as sent be express  delivery  service
(receipt requested) in each case to the appropriate addresses, telex numbers and
telefax  numbers  as the  party may  designate  to itself by notice to the other
parties:

                  (i) if to the Employer:

                       Perfisans Holdings, Inc.
                       7828 Kennedy Road, Suite 201
                       Markham, Ontario L3R 5P1
                       Attention: Alpha Pang

                       Telefax: (905) 943-7560
                       Telephone:(905) 943-9996

                       Gersten, Savage, Kaplowitz,
                       Wolf & Marcus LLP
                       101 East 52nd Street
                       9th Floor
                       New York, New York 10022
                       Attention:  Arthur S. Marcus, Esq.

                       Telefax: (212) 980-5192
                       Telephone: (212) 752-9700

                  (ii) if to the Employee:

                       Bok Wong

          16.  SEVERABILITY OF AGREEMENT.  Should any part of this Agreement for
any  reason be  declared  invalid  by a court of  competent  jurisdiction,  such
decision shall not affect the validity of any remaining portion, which remaining
provisions  shall remain in full force and effect as if this  Agreement had been
executed with the invalid portion thereof eliminated,  and it is hereby declared
the  intention  of the  parties  that they would  have  executed  the  remaining
portions of this Agreement  without  including any such part,  parts or portions
which may, for any reason, be hereafter declared invalid.

          IN WITNESS WHEREOF, the undersigned have executed this agreement as of
the day and year first above written.

                                      -7-
<PAGE>

                                          PERFISANS HOLDINGS, INC.

                                          By: _____________________________
                                                To-Hon Lam
                                                President and Chief Executive
                                                Officer

                                               _____________________________
                                                 Bok Wong

                                      -8-

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