Document:

Amendment effective July 15, 2000, to Employment  Agreement dated as of the
3rd day of  January,  2000,  by and  between  GLOBAL  SOURCES  LTD.,  a Delaware
corporation (the  "Corporation"),  having its principal place of business at 342
Madison  Avenue,   Suite  948,  New  York,  New  York  10173,  and  FRANK  PALMA
("Executive"), residing at 17 Beachwood Lane, Kinnelon, New Jersey 07405.

     WHEREAS,  for financial reasons relating to the Corporation,  Executive and
Corporation  desire to modify the  Employment  Agreement  to allow  Executive to
consult under certain conditions;

     WHEREAS,  the Corporation  desires to continue a working  relationship with
the Executive and to revert back to the original  Employment  Agreement once its
(the  Corporation's)  financial  difficulties  are resolved  and the  conditions
hereinafter specified are satisfied.

     IT IS, THEREFORE, AGREED:

     1. Executive will temporarily suspend his duties as Chief Operating Officer
of the Corporation and assume the role of consultant. As a consultant, Executive
will be available for  consultation by telephone at reasonable times during each
working day and will make a reasonable  number of telephone calls to acquisition
prospects upon request but, unless he otherwise agrees,  will not be required to
attend  meetings or participate in other  activities.  Executive will resume his
duties as Chief  Operating  Officer of the  Corporation  when the  Corporation's
stock has regularly traded on the Over-the-Counter Electronic Bulletin Board for
at least fifteen (15) consecutive business days and also when, in the reasonable
judgment of both Executive and the Chief Executive  Officer of the  Corporation,
the  Corporation is able to resume regular and current payment of its Salary and
other monetary obligations to Executive under the original Employment Agreement.

     2. Executive is free to launch his company,  Frank Palma  Associates,  LLC,
immediately  for the purpose of engaging in the  executive  search and placement
business and to retain all revenues generated by that entity while a consultant.
He  will be  entitles  to  utilize  the  corporate  offices  of the  Corporation
(including  equipment  and telephone  and other  utilities)  at 1055  Parsippany
Boulevard in Parsippany, New Jersey, free of charge. He will also be entitled to
utilize the services of Ms. Macky Whalen and Ms.  Virginia Byrne at no cost. Ms.
Whalen and Ms. Bryne will remain employees of the Corporation.

     3. While a consultant,  Executive and his wife will continue to participate
in all medical,  dental, health, life, disability and welfare plans on the terms
specified in the original  Employment  Agreement.  The Corporation  will pay all
premiums  therefor  on a  timely  basis,  but  to  the  extent  attributable  to
Executive's wife shall be charged against unpaid salary or expenses due from the
Corporation to Executive.

     4.  Executive's  guaranteed  bonus  $150,000 as  specified  in the original
Employment  Agreement  be  pro-rated  so as  not  to  include  time  spent  as a
consultant.  Mr. Palma will also be paid all unpaid  salary and expenses due him
through the effective date of this Amendment. Such pro-rated bonus shall be paid
to Executive by  Corporation  at the time  specified in the original  Employment
Agreement  and such unpaid  salary and  expenses  shall be paid to  Executive by

<PAGE>

Corporation on or before the time he resumes his  employment as Chief  Operating
Officer of the Corporation on December 31, 2000, whichever is earlier.

     5. Upon  resumption  of his  employment as Chief  Operating  Officer of the
Corporation under the original  Employment  Agreement,  Executive will cease the
operations  of Frank Palma  Associates,  LLC, but will be entitled to retain all
revenues, no matter when collected,  for services performed prior to the date of
such resumption of employment.

     6. Except as herein  modified,  the  original  Employment  Agreement  dated
January 3, 2000 between the Executive and the  Corporation  shall remain in full
force and effect.

     IN WITNESS WHEREOF,  the parties hereto have executed this Agreement on the
___ day of July 2000.

                                          GLOBAL SOURCES LTD.

                                          By: /s/ James J. Strupp
                                             ---------------------------
                                                James J. Strupp
                                                Chairman

                                             /s/ Frank Palma
                                             ---------------------------
                                                Frank Palma

                                      -2-Global Sources Limited
                        1055 Parsippany Blvd., Suite 106
                             Parsippany, N.J. 07054

                                                             As of April 1, 2000

Kimberly Colgate
8818 Wild Dunes
Sarasota, FL 34241

         Re:      Termination of Employment; Assignment of Domain Names; Release
                  --------------------------------------------------------------

Dear Ms. Colgate:

         Reference is made to that certain employment agreement dated August 26,
1999  (the  "Employment   Agreement")  with  Platinum  Executive  Search,  Inc.,
predecessor entity by merger to Global Sources Limited,  a Delaware  corporation
(the  "Company")  executed by Kimberly  Colgate  ("You")  pursuant to that stock
purchase  agreement of even date therewith  among You, U.S.  Lawyers,  Inc. (the
"Subsidiary")  and  the  Company  (the  "Purchase  Agreement").   It  is  hereby
acknowledged  and confirmed by You that, at the time of the Purchase  Agreement,
You were the sole stockholder of U.S. Lawyers, Inc. and that You sold all of the
issued and outstanding capital stock of the Subsidiary to the Company under such
Purchase Agreement.

         In  addition,  You hereby  confirm and agree,  effective as of April 1,
2000,  that:  (1) other than the 125,000  shares of the  Company's  common stock
received  under the Purchase  Agreement and the options to purchase up to 25,000
shares of the  Company's  common  stock  granted as of January 5, 2000 under the
Employment  Agreement,  no other  securities  or  derivative  securities  of the
Company were issued to You and any and all right, title and interest, alleged or
otherwise,  held by You in and to any such other  securities  of the  Company is
hereby  waived;  (2) the  Employment  Agreement is terminated  and,  without any
further  action by any of the  parties  thereto,  is deemed to be null and void,
without  any  further  effect;  and (3)  except as  provided  elsewhere  in this
Agreement,  neither the Company nor the Subsidiary,  or any of their  respective
affiliates, has any obligation, liability or debt to You.

         Except as otherwise provided in the next paragraph,  upon the execution
hereof, You, on behalf of yourself,  your agents, heirs,  executors,  estate and
personal representatives,  and their respective successors and permitted assigns
(collectively,  the "Releasors"),  do hereby forever release the Company and the
Subsidiary,  together  with their  respective  officers,  directors,  employees,
representatives,   parent  and  subsidiary  entities,  as  applicable,  and  the
successors and assigns of each of them, as applicable (the "Company Releasees"),
from any and all claims,  suits, debts, liens,  liabilities,  losses,  causes of
action, rights,  damages,  demands,  obligations,  promises,  costs and expenses
(including,  without  limitation,  attorneys'  fees and expenses) of every kind,
nature and description,  in law or in equity, whether known or unknown, or known
in the future, fixed or contingent, billed or unbilled, suspected,  disclosed or
undisclosed,  claimed or concealed  from the  beginning of time through the date
hereof,  which You or the  Releasors (or any of them) ever had, now have, or may
in the future have, against the Company Releasees (or any of them) in connection
with, arising out of or in any way related to (a) the Purchase Agreement and the
transactions contemplated thereby, (b) the business of the Company Releasees and
(c) the Employment Agreement.
<PAGE>

Kimberly Colgate
Page 2

         Notwithstanding  anything to the contrary  contained in this Agreement,
effective as of April 1, 2000, any and all right, title and interest held by the
Company  and the  Subsidiary  in and to the  website  domain  names set forth on
Schedule A attached hereto shall be deemed conveyed, transferred and assigned to
You and your agents,  heirs,  executors,  estate,  personal  representatives and
their respective successors and assigns.

         The  parties  hereby  further  confirm  and agree  promptly to execute,
deliver,  file or record such  agreements,  instruments,  certificates and other
documents and to perform such other and further acts as the other parties hereto
may reasonably  request or as may otherwise be necessary or proper to consummate
and perfect the transactions contemplated hereby.

         This  Agreement and Schedule A attached  hereto (i) contains the entire
agreement  between the parties  with  respect to the subject  matter  hereof and
supersedes all prior and/or contemporaneous understandings and agreements of any
kind and nature;  (ii) may not be modified,  amended,  altered or  supplemented,
except by a written agreement  executed by each of the parties hereto; and (iii)
shall be governed by, and construed and enforced in accordance with, the laws of
the State of New York,  without  regard to  principles of conflicts or choice of
law.

         By executing this Agreement,  which Agreement may be executed in two or
more  counterparts,  each of  which  when  executed  shall  be  deemed  to be an
original,  and all of which,  when taken together,  shall constitute one and the
same document,  each of the parties hereto hereby  represents and warrants that:
(i) such party has the requisite power,  right,  capacity and authority,  as the
case may be, to execute,  to execute,  deliver and perform this Agreement;  (ii)
this Agreement  constitutes a legal, valid and binding obligation of such party,
enforceable  against  such party in  accordance  with its terms;  and (iii) such
party has received  independent  legal advice from  attorneys of its choice with
respect to the terms and provisions of this Agreement and of the consequences of
entering into this Agreement.

                                              Very truly yours,

                                              GLOBAL SOURCES LIMITED

                                              By: /s/John Mazzuto
                                                 -------------------------------
                                                  John Mazzuto, President

                                              U.S. LAWYERS, INC.

                                              By: /s/ John Mazzuto
                                                  ------------------------------
                                                  Name:  John Mazzuto
                                                  Title: Secretary

THE FOREGOING IS HEREBY
ACKNOWLEDGED AND AGREED TO
THIS ___DAY OF _________ 2001 BY:

/s/ Kimberly Colgate
--------------------------------
Kimberly Colgate

<PAGE>

                            SCHEDULE A - DOMAIN NAMES

           UNITEDSTATESLAWYERS.COM
           UNITEDSTATESLAWYERS.NET

           AL-LAWYER.COM                       (ALABAMA)
           AK-LAWYER.COM                       (ALASKA)
           AR-LAWYER.COM                       (ARKANSAS)
           AZ-LAWYER.COM                       (ARIZONA)
           CA-LAWYER.NET                       (CALIFORNIA)
           CO-LAWYER.COM                       (COLORADO)
           COLAWYER.COM
           CT-LAWYER.COM                       (CONNECTICUT)
           DE-LAWYER.COM                       (DELAWARE)
           FLLAWYER.COM                        (FLORIDA - NOTICE NO HYPHEN)
           GA-LAWYER.COM                       (GEORGIA)
           HI-LAWYER.COM                       (HAWAII)
           IA-LAWYER.COM                       (IOWA)
           ID-LAWYER.COM                       (IDAHO)
           IL-LAWYER.COM                       (ILLINOIS)
           ILLAWYER.COM
           IN-LAWYER.COM                       (INDIANA)
           KS-LAWYER.COM                       (KANSAS)
           KY-LAWYER.COM                       (KENTUCKY)
           LA-LAWYER.COM                       (LOUISIANA)
           ME-LAWYER.COM                       (MAINE)
           MA-LAWYER.COM                       (MASSACHUSETTS)
           MD-LAWYER.COM                       (MARYLAND)
           MI-LAWYER.COM                       (MICHIGAN)
           MILAWYER.COM
           MN-LAWYER.COM                       (MINNESOTA)
           MO-LAWYER.COM                       (MISSOURI)
           MS-LAWYER.COM                       (MISSISSIPPI)
           MT-LAWYER.COM                       (MONTANA)
           NC-LAWYER.COM                       (NORTH CAROLINA)
           ND-LAWYER.COM                       (NORTH DAKOTA)
           NE-LAWYER.COM                       (NEBRASKA)
           NEWJERSEY-LAWYER.COM                (NEW JERSEY OBVIOUS DIFFERENCE)
           NEWYORK-LAWYER.COM                  (NEW YORK - OBVIOUS DIFFERENCE)
           NH-LAWYER.COM                       (NEW HAMPSHIRE)
           NM-LAWYER.COM                       (NEW MEXICO)
           NV-LAWYER.COM                       (NEVADA)
           OH-LAWYER.COM                       (OHIO)
           OK-LAWYER.COM                       (OKLAHOMA)
           OR-LAWYER.COM                       (OREGON)
           PALAWYER.COM                        (PENNSYLVANIA ** NOTE NO HYPHEN)
           RILAW.COM                           McPartland
           SC-LAWYER.COM                       (SOUTH CAROLINA)
           SD-LAWYER.COM                       (SOUTH DAKOTA)
           TENN-LAWYER.COM                     (TENNESSEE - NOTE DIFFERENCE)
           TX-LAWYER.COM                       (TEXAS)
           UT-LAWYER.COM                       (UTAH)
           VALAWYER.COM                        (VIRGINIA ***NOTE NO HYPHEN)
           VT-LAWYER.COM                       (VERMONT)
           WA-LAWYER.COM                       (WASHINGTON)
           WI-LAWYER.COM                       (WISCONSIN)
           WV-LAWYER.COM                       (WEST VIRGINIA)
           WY-LAWYER.COM                       (WYOMING)

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