Document:

Exhibit 10.7

                      AMENDMENT TO THE EMPLOYMENT AGREEMENT

                                       OF

                               JONATHAN D. SIEGEL

         This Amendment (this "Amendment") dated as of August 1, 2001, is by and
among Global Capital Partners Inc., a Delaware corporation with its principal
offices at 6000 Fairview Road, Suite 1410, Charlotte, North Carolina 28210
("GCAP"); Global Capital Securities Corp., Inc. a Colorado corporation, with its
principal office at 6300 South Syracuse Way, Suite 645, Englewood, Colorado
80111 ("Global Securities"), Sutton Online, Inc., a Delaware corporation with
its principal offices at 1000 Woodbury Road, Suite 214, Woodbury, New York 11797
("Sutton Online") and Jonathan D. Siegel, an individual residing at 84 East
Shore Road, Huntington Bay, New York 11743 (the "Employee").

                               W I T N E S S T H:
                               - - - - - - - - -

         WHEREAS, GCAP was formerly known as Eastbrokers International
Incorporated ("Eastbrokers"); and

         WHEREAS, Global Securities is the successor entity to JB Sutton Group,
LLC, a limited liability company organized under the laws of the State of New
York; and

         WHEREAS, Eastbrokers, Global Securities and Employee have previously
entered into an Employment Agreement dated November 22, 1999 (the "Employment
Agreement");

         WHEREAS, GCAP, Global Securities and Employee desire to amend the
Employment Agreement as to certain matters as herein after set forth; and

         WHEREAS, Sutton Online has agreed to assume all obligations of Global
Securities under the terms of the Employment Agreement, as amended.

         NOW THEREFORE, in consideration of the premises and the covenants and
agreements contained herein, the parties agree as follows:

         1.   The parties hereto agree that, from and after the date hereof,
GCAP and Global Securities shall no longer be parties to the Employment
Agreement and shall be released from any liability to the Employee thereunder.

         2.   Sutton Online hereby agrees to assume the obligations of Global
Securities under the Employment Agreement and release Global Securities from any
liability thereunder.

         3.   The parties hereto agree that, from and after the date hereof,
every reference to "JB Sutton Group, LLC" in the Employment Agreement shall be
amended to read "Sutton Online."

         4.   The parties hereto agree that Section 10 of the Employment
Agreement is hereby deleted in its entirety.
<PAGE>

         5.   Except as expressly provided herein, all of the terms and
conditions of the Employment Agreement shall be unmodified and in full force and
effect.

         6.   From and after the execution and delivery of this Amendment, all
references to the Employment Agreement contained in all other agreements and
instruments executed and delivered to or in connection with the Employment
Agreement shall hereafter mean and refer to the Employment Agreement as amended
hereby.

         IN WITNESS WHEREOF, the undersigned have executed this Amendment on the
day and year first above mentioned.

                                       GLOBAL CAPITAL PARTNERS INC.

                                       By: /s/ MARTIN A. SUMICHRAST
                                           ------------------------------
                                           Name: Martin A. Sumichrast
                                           Title: Chief Executive Officer

                                       GLOBAL CAPITAL SECURITIES CORPORATION

                                       By: /s/ RALPH OLSON
                                           ------------------------------
                                           Name: Ralph Olson

                                       SUTTON ONLINE, INC.

                                       By: /s/ GREGORY C. FRANK
                                           ------------------------------
                                           Name: Gregory C. Frank
                                           Title: President

                                       EMPLOYEE

                                       By: /s/ JONATHAN D. SIEGEL
                                           ------------------------------
                                           Jonathan D. SiegelExhibit 10.8

                   AMENDMENT NO 2. TO THE EMPLOYMENT AGREEMENT
                                       OF
                               JONATHAN D. SIEGEL

         This Amendment (this "Amendment") dated as of August 8, 2001, is by and
between Sutton Online, Inc., a Delaware corporation with its principal offices
at 1000 Woodbury Road, Suite 214, Woodbury, New York 11709 ("Sutton") and
Jonathan D. Siegel, an individual residing at 84 East Shore Road, Huntington
Bay, New York 11743 ("Executive").

                              W I T N E S S E T H:

         WHEREAS, Sutton and Executive are parties to a certain Amendment to the
Employment Agreement of Jonathan D. Siegel dated as of August 1, 2001
("Amendment No. 1"); and

         WHEREAS, Sutton and Execution desire to further amend the Employment
Agreement (as such term is defined in Amendment No. 1) as to certain matters as
hereinafter set forth.

         NOW THEREFORE, in consideration of the premises and the covenants and
agreements contained herein, the parties agree as follows:

          1.      The parties agree that Section 4 of the Employment Agreement
is modified to change Executive's annual base salary from $360,000 to $240,000.

          2.      Except as expressly provided herein, all of the terms and
conditions of the Employment Agreement shall be unmodified and in full force and
effect.

                  IN WITNESS WHEREOF, the undersigned have executed this
Amendment on the day and year first above mentioned.

                                      Sutton Online, Inc.

                                      By: /s/ Gregory C. Frank
                                         ---------------------------------------
                                         Name: Gregory C. Frank
                                         Title: Chief Operating Officer

                                      EXECUTIVE

                                      By: /s/ Jonathan D. Siegel
                                         ---------------------------------------
                                         Jonathan D. SiegelExhibit 10.9

                              CONSULTING AGREEMENT

         AGREEMENT, dated as of August 1, 2001, by and between IKON VENTURES,
INC. a Nevada corporation (the "Corporation), and SIGMA LIMITED, S.A., a company
organized under the laws of Switzerland ("Consultant").

                              W I T N E S S E T H:
                              - - - - - - - - - -

         WHEREAS, the Corporation has entered into an Agreement and Plan of
Share Exchange, dated as of June 19, 2001 and as amended on July 18, 2001 (the
"Exchange Agreement"), pursuant to which the Corporation proposes to acquire all
of the issued and outstanding shares of Sutton Online, Inc., a Delaware
corporation ("Sutton");

         WHEREAS, upon completion of such acquisition, the Corporation will
require certain consultancy services from the Consultant;

         WHEREAS, the Consultant desires to supply consultancy services to the
Corporation upon the terms and conditions set forth herein; and

         WHEREAS, it is a condition to the closing of the Exchange Agreement
that Consultant and the Corporation enter into this Agreement providing for the
Consultant to supply the consultancy services described herein to the
Corporation,

         NOW, THEREFORE, the parties hereto agree as follows:

         1.   Duties.

              (a) The Corporation hereby engages Consultant and Consultant
hereby agrees to render services as a consultant to the Corporation for the term
specified in Section 2 hereof.

              (b) Consultant shall, at all reasonable times and as reasonably
required, provide the Corporation with strategic advisory services. Consultant's
duties may include, but will not necessarily be limited to, identifying and
introducing the Corporation to European broker/dealers and banks that may be
potential users of Sutton's services. Consultant shall provide such services and
shall devote such time and attention as in the Corporation's reasonable
discretion may be necessary or desirable for the performance of its duties as a
consultant when called upon to do so by the Corporation, provided that the
Corporation shall not require that Consultant's services be performed at any
particular place or at any particular time.
<PAGE>

         2.   Term. The term of this Agreement shall commence on the date hereof
and shall continue for a period of one (1) year thereafter (the "Term") unless
sooner terminated pursuant to Section 5 of this Agreement.

         3.   Compensation. For all services to be rendered hereunder by
Consultant, the Corporation agrees to pay to Consultant an annual fee equal (the
"Annual Fee") equal to Fifty Thousand Dollars ($50,000), payable in
substantially equal quarterly installments in arrears. At the Corporation's
option, the Annual Fee may be paid in cash or in shares of the Corporation's
common stock, each such share to be valued at the closing bid price per share of
the Corporation's common stock on the trading day immediately preceding each
such issuance.

         4.   Expenses. The Corporation shall reimburse Consultant for all
reasonable and necessary expenses of Consultant incurred in connection with the
services being rendered to the Corporation hereunder, subject to presentation of
appropriate vouchers, bills or similar documentation; provided, however, that
Consultant shall not be entitled to reimbursement for any expense incurred for
airfare or in excess of $1000 unless approved in advance by the Corporation.

         5.   Termination. Notwithstanding any provision of this Agreement to
the contrary, this Agreement may be terminated under any of the following
circumstances:

              (a) The Corporation may terminate this Agreement at any time for
Cause, effective upon the giving of written notice thereof to the Consultant. As
used herein, "Cause" shall mean the breach by Consultant of any of the material
obligations to be performed by Consultant under this Agreement, which breach
shall remain uncured for thirty (30) days after written notice thereof from the
Corporation to Consultant.

              (b) Consultant may terminate this Agreement at any time for Good
Reason, effective upon the giving of written notice thereof to the Corporation.
As used herein, "Good Reason" shall mean (i) any attempt by the Corporation to
impose any change of responsibility, assignment of duties or authority of
Consultant without its consent or (ii) the breach by the Corporation of any of
the material obligations to be performed under this Agreement, which breach
shall remain uncured for thirty (30) days after written notice thereof from the
Corporation to Consultant.

              (c) Upon termination of Consultant pursuant to this Section 5,
Consultant shall be entitled to all amounts or benefits to be paid or provided
by the Corporation under this Agreement up to the date of termination. In
addition, and in lieu of any and all other rights or remedies which Consultant
would or might have, if this Agreement is terminated prior to the end of the
Term, either by the Corporation for any reason other than Cause or by Consultant
for Good Reason, Consultant shall also be entitled to receive, as its sole and
exclusive remedy, in a single lump sum, an amount equal to the total additional
compensation which Consultant would have been entitled to receive had there been
no termination of this Agreement prior to the expiration of the Term.

                                       2
<PAGE>

         6.   No Set-Offs, Etc. Except as expressly set forth in this Agreement,
no amounts agreed to be paid or benefits agreed to be furnished by the
Corporation under this Agreement shall be subject to any deduction, diminution
or set off of any kind whatsoever.

         7.   Binding Effect and Assignment. This Agreement shall be binding
upon and insure to the benefit of the Corporation, its successors and permitted
assigns and the Consultant, its successors and permitted assigns. No assignment
of this Agreement shall be valid unless consented to in writing by the
non-assigning party.

         8.   Waivers. The failure of any party to this Agreement to enforce its
terms and provisions or covenants shall not be construed as a waiver of the same
or of the right of such party to enforce the same.

         9.   Entire Agreement. This Agreement sets forth the entire Agreement
between the parties with respect to its subject matter and merges and supersedes
all prior discussions, agreements and understandings of every kind and nature
between them, including, without limitation, any other agreement with any third
party for the supply of Consultant's service to the Corporation. No party hereto
shall be bound by any term or condition other than as expressly set forth or
provided for in this Agreement. This Agreement may not be changed or modified
except by an agreement in writing, signed by the party or parties to be bound
thereby.

         10.  Notices. All notices, requests, demands and other communications
provided for, under, or made in connection with this Agreement, shall be in
writing and shall be deemed to have been given by any party hereto at the time
when delivered by hand against the appropriate receipt, or sent by facsimile
transmission or mailed by registered or certified mail or the equivalent
thereof, addressed to the addresses of the respective parties stated below, or
as changed or added as any party may fix in accordance with this Section 10.

         If to the Corporation:

              Ikon Ventures, Inc.
              c/o Sutton Online, Inc.
              1000 Woodbury Road, Ste. 212
              Woodbury, NY 11797

         If to the Consultant:

              Sigma Limited, S.A.
              Rue-Fritz- Courvoisier 40
              2300 La Chaux-de-Fonds
              Switzerland

         11.  Governing Law. This Agreement shall be governed by and construed
in all respects in accordance with the laws of the State of New York without
regard to its conflict of law principles.

                                       3
<PAGE>

         12.  Counterparts. This Agreement may be executed by the parties hereto
in separate counterparts, each of which when so executed and delivered shall be
an original, but all such counterparts together shall constitute one and the
same instrument. Facsimile signatures shall be deemed original for all purposes.

         IN WITNESS WHEREOF this Agreement has been entered into the day and
year first above written.

                                       IKON VENTURES, INC.

                                       By: /s/ IAN RICE
                                           ------------------------------
                                           Name: Ian Rice
                                           Title: Chairman

                                       SIGMA LIMITED, S.A.

                                       By: /s/ DUBOIS YVES
                                           ------------------------------
                                           Name: Dubois Yves
                                           Title: Secretary

                                       4

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