Document:

EXHIBIT  10.2
TERMINATION  AGREEMENT

                  [UNOFFICIAL TRANSLATION FOR INFORMATION ONLY]

                      WUHAN DONG FENG PAPER COMPANY LIMITED

             JOINT VENTURERS' AGREEMENT OF JOINT VENTURE TERMINATION

Party  A      :         Wuban  Dongfeng  Paper  Mill  Company

Party  B      :         Orient  Packaging  Limited

We, after detailed discussion,  hereby mutually resolved and agreed to terminate
the joint venture operation in accordance  with Article 68(2) & (5) of the joint
venture's  Article of Association  and relevant provisions  in the joint venture
agreement,  and that we undertake not to pursue or claim  against each other any
damages,  compensation  and  liabilities  thereof.

This agreement shall replace all agreements,  letter of intent and other related
letters  or  fax  signed  after  20  December  1996.

Party  A:                                Party  B:
Wuhan Dongfeng Paper Mill Company        Orient Packaging Limited

Representative:                          Representative:

/s/Deng  Xiong                           /s/Wu  Wai  Leung,  Danny
--------------------                     ---------------------------
Deng  Xiong                              Wu  Wai  Leung,  Danny
Manager                                  Director

Company  sign  and  chop                 Company  sign  and  chop

<PAGE>AMENDMENT TO EMPLOYMENT AGREEMENT

This amendment agreement is hereby made and entered into this 15th day of March,
1999,  by and  between  Financial  Intranet,  Inc.,  a Nevada  corporation  (the
"Company")  and  Michael  Sheppard,  with an office at 410 Saw Mill River  Road,
Suite B2040, Ardsley, NY 10502 (the "Executive").

                                   WITNESSETH

         WHEREAS,  the  Company and the  Executive  entered  into an  Employment
Agreement,  dated September 12, 1997 (the  "Agreement"),  as amended on December
15, 1998 and now desire to amend the Agreement.

        NOW  THEREFORE,  in  consideration  of the  foregoing  and of the mutual
covenants  and  promises  hereinafter  set forth and for other good and valuable
consideration,  the receipt and adequacy of which is hereby acknowledged,  it is
agreed as follows:

         1. Subparagraph  (c)  of paragraph 3 of the Agreement is hereby deleted
and the following is hereby substituted in its place:

        (C) (I) The  parties  acknowledge  that as of  December  31,  1998,  the
Executive  has been  granted  an  option  to  purchase  2,231,352  shares of the
Company's Common Stock. The exercise price shall be $.19 per share.

        All  options  granted under this Employment Agreement expire on December
31, 2002,  subject to termination on such other date as provided as follows (the
"Option Period").  Upon termination,  the Executive shall not be entitled to any
additional options. If the Executive dies, the Executive's estate shall have the
right to exercise  any  options  granted  hereunder  until the end of the Option
Period. In the event the Executive  voluntarily leaves the employ of the Company
, any option then held by the  Executive  shall  terminate  immediately.  In the
event  that the  Executive's  employment  is  terminated  for any  reason by the
Company, any option then held by the Executive shall terminate 90 days following
such  termination,  provided that any options shall terminate  immediately  upon
termination for cause.

                (II) Any option  granted to the  Executive  is  personal  to the
Executive and is not assignable by the Executive. All options shall be exercised
by written notice as called for in this  Employment  Agreement.  Delivery of the
certificates representing the shares called for under the within option shall be
made promptly  after receipt of such notice of exercise,  against the payment of
the purchase price by certified check or cashier's check.

                (III)  Shares  issued  pursuant  to the grant of the  options in
accordance  with  the  terms  of  this  agreement  may not be  sold,  exchanged,
transferred,  pledged, hypothecated, or otherwise disposed of except as provided
for under Rule 144 of the Securities  and Exchange Act of 1933 (the "Act").  The
following shall apply:

<PAGE>

                   (A)    Said Common Stock must be held indefinitely unless (1)
distribution of said Common Stock has been made registered under the Act, (2) as
sale of said Common Stock is made in conformity  with the provisions of Rule 144
of the Act, or (3) in the opinion of counsel  acceptable  to the  Company,  some
other exemption from registration is available;

                   (B)    The  Executive  will  not  make  any sale, transfer or
other disposition  of  said  Common  Stock except in compliance with the Act and
Rules and Regulations thereunder;

                   (C)    The  Executive  is familiar with all of the provisions
of Rule 144 including (without limitation) the holding period thereunder;

                (IV) The Company is under no  obligation  to register  the sale,
transfer or other  disposition  of said Common Stock by the  Executive or on his
behalf or to take any other action necessary in order to make compliance with an
exemption from registration available;

                (V)  There  will  be  a   restrictive   legend   placed  on  the
certificates for said Common Stock stating in substance:

           "The shares  represented by this certificate have not been registered
           under the  Securities  Act of 1933 and may not be sold,  pledged,  or
           otherwise  transferred  except pursuant to an effective  registration
           statement  under  said Act,  SEC Rule 144 or an  opinion  of  counsel
           acceptable to the company that some other exemption from registration
           is available."

                (VI) The  number of Shares  subject  to this  Option  during the
Option Period shall be cumulative as to all prior dates of calculation and shall
be adjusted for any stock  dividend,  subdivision,  split-up or  combination  of
common stock.

                (VII)The exercise price shall subject to adjustment from time to
time as follows:
                         (1)If, at any time during the Option Period, the number
of shares of common stock  outstanding is increased by a stock dividend  payable
in shares of common stock, then, immediately following the record date fixed for
the  determination of holders of shares of common stock entitled to receive such
stock   dividend,   subdivision  or  split-up,   the  exercise  price  shall  be
appropriately  decreased  so that the  number of Shares  included  in the Shares
issuable  upon the exercise  hereof shall be  increased  in  proportion  to such
increase in outstanding shares.

                         (2)If, at any time during the Option Period, the number
of  shares  of  common  stock  outstanding  is  decreased  by a  combination  of
outstanding shares of common stock, then,  immediately following the record date
for such  combination,  the exercise price shall be  appropriately  increased so
that the number of Shares  issuable upon the exercise  hereof shall be decreased
in outstanding shares.

<PAGE>

                (VIII)  The  parties  acknowledge  that  the  Executive  is  not
currently  entitled  to any  additional  options or  warrants  pursuant  to this
agreement or any previous agreement with the Company.

         2.    Except  as  herein  provided,  the Agreement shall remain in full
force and effect.

        IN WITNESS WHEREOF, the  parties  hereto  have  caused the due execution
hereof the day and year first above written.

                                                        Financial Intranet

                                                        By:   /s/Maura Marx,
                                                        Executive Vice President

                                                            /s/Michael SheppardMr. Michael Sheppard
  % Financial Intranet Inc.
  1 Dag Hammarskold Plaza
  New York, NY 10017

  Dear Michael:

  Preamble of this Letter::

          As you are  aware,  at  least  one  major  telecom  group  has  opened
  conversations    with   Financial   Intranet   Inc.   ("FNTN")   regarding   a
  merger/acquisition  transaction.  Needless  to say,  if FNTN  becomes a merger
  candidate  for a major  private/public  corporation  your  current  employment
  agreement  between FNTN may need to be revised  and/or  terminated.  Since you
  have  expended  a great  deal of your  expertise  and time in  developing  the
  business of FNTN, which in turn may make FNTN an attractive  merger candidate,
  a plan must be approved by FNTN's Board of  Directors  to properly  compensate
  you in the event that any merger negatively  affects your employment  benefits
  currently in place.

  1.-Intent of this Letter of Agreement. - FNTN is aware that upon any occurance
  that creates a change of control of FNTN,  actions may be undertaken  that may
  result in denying you the benefits of your current  employment  agreement,  or
  deny you the full benefits of any options you may enjoy to purchase additional
  shares of FNTN in the  future,  or the  benefits  provided  by this  Letter of
  Agreement.  The above preamble,  therefore is hereby included into, and made a
  part of, this Letter of  Agreement to act to clearly  represent  the intent of
  this Letter of Agreement (Agreement).

2.Benefits to be made available.  - This  Agreement,  subject to the approval of
FNTN's Board of Directors  will  constitute an agreement to the provision of the
benefits  hereinbelow  and made  available  to you by FNTN  which  shall  become
automatically effective, (the "Effective Date") on the date that:

        (a) Control of the business activities of FNTN is acquired by any person
        or group ( not including you or those  affiliated  with you) through the
        issue of additional  voting shares, or the exchange of previously issued
        FNTN's voting shares to third parties under a single control; and

  (b) Not less than  twenty  five  (25%) of the issued  and  Outstanding  voting
  shares  of FNTN is sold  and/or  exchanged  with  any  person  or  group  (not
  including you or those  affiliated  with you) in one or multiple  transactions
  during any concurrent 12 month period; or

<PAGE>

          (c)The  occurrence  of a "change  of  control'  pursuant  to the proxy
             disclosure rule of the Securities and Exchange Commission ("SEC").

             (d)   Change   of  the  terms  of   and/or   termination   of  your
             CurrentEmployment  Agreement on or subsequent to the Effective Date
             providing that:

                      (i) You had  continued  to be  employed  by FNTN under the
                      terms of your Employment  Agreement,  which terms remained
                      in full  operation  from  its  initial  execution  date of
                      January 1, 1998 and up to and including the Effective Date
                      of this Agreement.

                      (ii) Upon the Effective Date there is a proposed or actual
                      change of your employment status with FNTN; or

                      (iii)Any term  of  your  employment agreement with FNTN is
                      changed in any way; or

         (e) You are not  provided  the  opportunity  to renew  the term of your
         employment   agreement  with  FNTN  as  provided  for  in  the  current
         Employment Agreement or you are not reelected to the Board of Directors
         of FNTN or to the Board of  Directors  of the  surviving  entity in the
         event of a merger  or  acquisition  of FNTN  with any  person  or group
         acquiring control as provided for hereinabove.

4.-Benefits  provided.  - If you are  automatically  entitled to the Benefits in
accordance  with, and pursuant to,  paragraphs 1, 2, 3 hereinabove,  FNTN or the
surviving entity resulting from the change of control of FNTN upon the Effective
Date agrees to pay to you, and extend the following Benefits as the case may be:

         (a) A Lump Sum  amount  equal to your  annual  employment  compensation
         pro-rated  for  the  period   remaining  of  your  current   employment
         agreement,  providing  that  the  employment  agreement  had  not  been
         previously  terminated  for  cause by the FNTN  prior to the  Effective
         Date; plus

         (b)   A lump sum of two (2) your annual compensation  averaged over the
         most recent  two  (2)  year  calendar  years  ending   coincident  with
         or immediately before the Effective Date.

         (c)   Any Options granted to you as  compensation  under  the  terms of
         paragraph  3  (c)  of  your   current  employment  agreement  shall  be
         automatically amended to provide the

<PAGE>

         following amendments of the option terms and conditions:

                (i)  the options granted will expire upon the one thousand eight
                     hundred and  twenty  fifth (1, 825) day following the grant
                     date: and

                (ii) the options may be encumbered, sold,  transferred  or other
                     wise be disposed of  without  any  restrictions  whatsoever
                     and  shall  not be considered being issued to you as solely
                     for your personal exercise.

5.-Enforcement  of the terms of this Agreement.  It is the further the intent of
FNTN that you should  not be  required  to incur the  expenses  associated  with
enforcing your rights under this  Agreement  because such expenses would detract
from the benefits intended to be extended hereunder.  Accordingly,  if following
the Effective  Date, it should appear that FNTN has not, or will attempt not to,
comply  with any of its  obligations  under  this  Agreement,  FNTN  irrevocably
authorizes  you to, from time to time,  retain  counsel of your  choice,  at the
expense  of  FNTN  to  represent  you in  connection  with  the  defense  of any
litigation or other legal action,  whether such action is by, or against,  FNTN,
any director,  officer,  shareholder or other person affiliated with FNTN and in
any jurisdiction. The reasonable fees and expenses of counsel selected from time
to time by you as hereinabove  provided shall be paid directly by, or reimbursed
to you, by FNTN on a periodic basis upon  presentation to FNTN of a statement(s)
prepared  by such  counsel up to a maximum in the  aggregate  of two hundred and
fifty thousand ( $250,000) dollars.

 (a)   FNTN shall not take any action to seek reimbursement for  its expenses in
       connection  with  any  disputes  relating  to  the enforceability of this
       Agreement.

6.-Severance  Pay. - Any  payments  made to you,  or required to be paid to you,
under this  Agreement  shall not be treated as damages  but rather as  severance
compensation  to which you are  entitled  to by reason of your  termination  the
status of your current employment terms.

(a) FNTN shall not be  entitled  to set off  against  the amount  payable to you
under the terms of this  Agreement of any amounts  earned by you, or any amounts
earned by you in other  employment  after  termination of your  employment  with
FNTN, or any amounts which might have been earned by you in other employment had
other such employment  been sought by your current  employment or changes in the
status of your current employment terms.

7.-Assignment.  - This  Agreement  shall be binding  upon the parties  heret and
their respective  personal  representatives,  heirs,  successors and assigns but
neither this Agreement nor any right hereunder may be assigned or transferred to
either party. Notwithstanding the foregoing:

(a) FNTN is  obligated  to assign this  Agreement  to any  corporation  or other
business entity  succeeding to control FNTN and/or  succeeding to  substantially
all of the FNTN's business and assets by merger, consolidation,  sale of assets,
or otherwise and FNTN is obligated to obtain the assumption of this Agreement by
such successor; and

<PAGE>

(b) You may assign,  transfer  or other  dispose  of, or  encumber,  any Options
granted to you prior to the Effective  Date as provided for in paragraph of this
Agreement,

8. -Entire  Agreement.  - This Letter  Agreement  contains the entire  agreement
between the parties. This Agreement may be changed only through a writing signed
by both  parties  seeking any waiver,  change  modification,  amendment,  and/or
extension of this Agreement.

9.  -Governing  Law: - This Agreement  shall be governed by, and subject to, the
laws of the State of New York.

10.  -Severability.  -  The  invalidity  or  enforceability  of  any  particular
provision  of this  Agreement  shall not  affect any other  provisions  and this
Agreement  and  shall  be  construed  in all  respects  as if  such  invalid  or
unenforceable provision had not been contained herein.

11. -Notices.  Notices  hereunder shall be in writing and shall be deeme to have
been duly given if delivered in person or sent by certified mail, return receipt
requested,  postage prepaid, addressed as set forth above, or at such address as
shall be furnished in writing by any party to the other.

Please  signify your agreement with the above terms of this Agreement by signing
and returning to FNTN the enclosed copy of this Agreement.

                                                    Cordially

                                                    Financial Intranet, Inc.
                                                     /s/ Ben Stein
                                                         Ben Stein, Secretary
Accepted and Agreed

/s/Michael Sheppard
Michael Sheppard

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