Document:

EXHIBIT 10.2

                          TNX TELEVISION HOLDINGS, INC.
                         1811 CHESTNUT STREET, SUITE 120
                        PHILADELPHIA, PENNSYLVANIA 19103

      August 16, 2004

David N. Shevrin
c/o TNX Television Holdings, Inc.
1811 Chestnut Street, Suite 120
Philadelphia, Pennsylvania  19103

      Re:   Employment Agreement

Dear Mr. Shevrin:

      This  letter is to  confirm  our  understanding  with  respect to (i) your
future employment by TNX Television  Holdings,  Inc. (the "Company"),  (ii) your
agreement  not to compete  with the  Company,  or any present or future  parent,
subsidiary  or  affiliate  of the  Company  (each,  a  "Company  Affiliate"  and
collectively,  together  with the  Company,  the  "Company  Group"),  (iii) your
agreement to protect and preserve information and property which is confidential
and proprietary to the Company Group and (iv) your agreement with respect to the
ownership of inventions,  ideas, copyrights and patents which may be used in the
business of the Company Group (the terms and conditions agreed to in this letter
are hereinafter referred to as the "Agreement").  In consideration of the mutual
promises  and  covenants  contained  in this  Agreement,  and for other good and
valuable consideration, the receipt and sufficiency of which are hereby mutually
acknowledged, we have agreed as follows:

      1. Employment.

            (a)  Subject  to the terms and  conditions  of this  Agreement,  the
      Company  will employ you,  and you will be employed by the Company  and/or
      any Company  Affiliate  designated  by the Company,  as Vice  President of
      Strategic  Planning and Finance and Secretary of the Company  reporting to
      the Chairman & CEO. You will have the responsibilities, duty and authority
      commensurate with the position of Vice President of Strategic Planning and
      Finance,  including,  without  limitation,  working with the CFO to assist
      with US  security  filings  and  provide  overall  business  analysis  and
      strategic   planning.   As   Corporate   Secretary   you  will   have  the
      responsibilities,  duty and  authority  commensurate  with the position of
      Corporate Secretary,  including,  without limitation, draft and distribute
      minutes of Board meetings,  assist in the preparation and  distribution of
      the proxy statement and notice of shareholders meetings, work closely with
      the Chairman and senior  management in preparing the script and agenda for
      the annual meeting and execute documents on behalf of the corporation. You
      will also perform such other and/or different  services for the Company as
      may be  assigned  to you  from  time to time by the  Board  and  CEO.  The
      principal  location at which you will  perform such  services  will be the
      Company's   facility   located  at  1811  Chestnut   Street,   Suite  120,
      Philadelphia,  Pennsylvania  19103,  although  you  will be  available  to
      perform  services at any other Company facility and to travel as the needs
      of business may require.

            (b) Devotion to Duties.  While you are employed hereunder,  you will
      use your best  efforts,  skills and  abilities to perform  faithfully  all
      duties  assigned to you  pursuant to this  Agreement  and will devote your
      full  business  time and  energies  to the  business  and  affairs  of the
      Company.  While you are employed  hereunder,  you will not  undertake  any
      other  employment  from any  person or entity  without  the prior  written
      consent of the Company.

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      2. Term; Termination.  Your employment hereunder will commence on November
13, 2003 (the "Commencement  Date") and will be on an "at-will" basis and may be
terminated by the Company or by you for any reason or for no reason.

      3. Compensation.

            (a) Base Salary. While you are employed hereunder,  the Company will
      pay you a base salary at the annual rate of $180,000 (the "Base  Salary").
      The Base Salary shall be reviewed by the Company  prior to the  expiration
      of the 30-day period  immediately  subsequent to the annual anniversary of
      the  Commencement  Date and may be subject to adjustment in the discretion
      of the  Company.  The Base Salary will be payable in  substantially  equal
      installments  in  accordance  with the Company's  payroll  practices as in
      effect  from  time to  time.  The  Company  will  deduct  from  each  such
      installment  all  amounts  required  to  be  deducted  or  withheld  under
      applicable   law  or  under  any  employee   benefit  plan  in  which  you
      participate.  You understand and acknowledge that the annualized amount of
      the Base  Salary  is set  forth as a matter  of  convenience  and does not
      constitute nor will be deemed to constitute an agreement by the Company to
      employ you for any specific period of time.

            (b) Bonus.  In addition to the Base Salary,  the Company may pay you
      an annual bonus pursuant to the Company's  Bonus Plan (the "Bonus").  Upon
      the  achievement  of  certain  goals  previously  agreed to by you and the
      Company, you shall be entitled to a bonus equal to 60% of your Base Salary
      (the "Targeted  Bonus Level").  Upon the achievement of the goals referred
      to in the immediately  preceding  sentence,  as well as the achievement of
      additional goals previously agreed to by you and the Company, you shall be
      entitled to a bonus of up to 90% of your Base Salary ("Additional Targeted
      Bonus Level").

            (c)  Equity  Compensation.  At  the  discretion  of and  subject  to
      approval by the Board,  and pursuant to a written  stock option  agreement
      (the "Stock Option  Agreement")  between the Company and you under the TNX
      Television  Holdings,  Inc Director,  Officer and Consultant  Stock Option
      Plan (the  "Plan"),  you will be eligible to receive an annual option (the
      "Option") to purchase  shares of the  Company's  common stock (the "Common
      Stock").  The exercise  price for the Option will be the fair market value
      per share of the Common  Stock on the date the  Option is granted  and the
      other terms and  conditions of the Option will be as set forth in the Plan
      and the Stock  Option  Agreement.  The Option will be an  incentive  stock
      option to the extent  permissible  under  applicable law.  Nothing in this
      Agreement,  the Plan or the Stock  Option  Agreement  will be construed to
      create an  express or  implied  contract  or promise to employ you for any
      specific period of time.

            (d)  Vacation.  You will be entitled to 20 days of paid vacation and
      three  personal days in each calendar year and paid holidays in accordance
      with the  Company's  policies for its senior  executives as in effect from
      time to time. All vacation days will be taken at times mutually  agreed by
      you and the  Company  and will be  subject  to the  business  needs of the
      Company.  Up to five (5) days of accrued  unused  vacation  may be carried
      over from year to year.

            (e) Fringe Benefits. You will be entitled to participate in employee
      benefit plans which the Company  provides or may establish for the benefit
      of its senior executives generally (for example,  group life,  disability,
      medical, dental and other insurance,  retirement,  pension, profit-sharing
      and similar plans)  (collectively,  the "Fringe Benefits"),  provided that
      the Fringe  Benefits  will not include any stock  option or similar  plans
      relating  to  the  grant  of  equity  securities  of  the  Company.   Your
      eligibility  to participate  in the Fringe  Benefits and receive  benefits
      thereunder  will be subject to the plan  documents  governing  such Fringe
      Benefits.  Nothing  contained herein will require the Company to establish
      or maintain any Fringe Benefits.

            (f) Reimbursement of Expenses. Upon presentation of documentation of
      such expenses  reasonably  satisfactory  to the Company,  the Company will
      reimburse  you for all  ordinary  and  reasonable  out-of-pocket  business
      expenses  that  are  reasonably  incurred  by  you in  furtherance  of the
      Company's  business in accordance with the Company's policies with respect
      thereto as in effect from time to time.

      4. Severance Compensation.

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            (a)  Definition  of  Accrued  Obligations.   For  purposes  of  this
      Agreement, "Accrued Obligations" means (i) the portion of your Base Salary
      as has  accrued  prior  to any  termination  of your  employment  with the
      Company  and has not yet been paid,  (ii) an amount  equal to the value of
      your accrued unused  vacation  days,  (iii) the amount of any Bonus earned
      and accrued but not yet paid, which amount will include a pro rata portion
      of any Bonus  which  would have been  earned if such  termination  had not
      occurred and (iv) the amount of any expenses  properly  incurred by you on
      behalf  of  the  Company  prior  to  any  such  termination  and  not  yet
      reimbursed.

            (b)  Termination  Without  Cause  or  for a  Good  Reason.  If  your
      employment  hereunder is terminated either by the Company without Cause or
      by you for a Good Reason (either pursuant to Section 4(c) or 4(d) below):

                  (i) The  Company  will  pay  the  Accrued  Obligations  to you
            promptly following such termination.

                  (ii) The Company will continue to make monthly payments to you
            in the aggregate amount equal to 50% of your Base Salary at the rate
            in effect at such  termination  in  accordance  with Section 3(a) of
            this  Agreement  for  the  period  commencing  on the  date  of such
            termination  and ending on the six-month  anniversary of the date of
            such termination, plus the Company shall pay you an additional 8.33%
            of your  Base  Salary  for each  full  year of  employment  with the
            Company  commencing on the  Commencement  Date,  provided,  however,
            notwithstanding the length of your employment with the Company,  you
            shall not be  entitled  to  payments  in excess of 100% of your Base
            Salary at the rate in effect at such termination.

                  (iii) The Company will continue to provide you with the Fringe
            Benefits for so long as it is obligated to continue  payments  equal
            to the Base Salary pursuant to Section  4(b)(ii)  above,  subject to
            applicable law and the terms of the respective policies.

                  (iv) The Company will pay you accrued unused vacation.

                  (v)  The  Company  will  continue  to pay  you  the  Bonus  in
            accordance with Section 3(b) of this  Agreement.  The amount of such
            bonus after the date of such  termination  will equal the greater of
            (A) the pro rata portion of the last such Bonus paid before the date
            of such  termination,  (B) the  average  of the  three  most  recent
            Bonuses paid before the date of such termination (and all such prior
            bonuses if less than three); or (C) the Targeted Bonus Level.

                  (vi) All unvested  Options  issued to you by the Company prior
            to or during your employment shall fully vest.

            (c) Definition of "Cause".  For purposes of this Agreement,  "Cause"
      means (i) your  conviction  of a felony,  either  in  connection  with the
      performance  of  your  obligations  to  the  Company  or  which  otherwise
      materially and adversely affects your ability to perform such obligations,
      (ii)  your  willful  disloyalty  or  deliberate   dishonesty,   (iii)  the
      commission by you of an act of fraud or embezzlement  against the Company,
      or  (iv) a  material  breach  by you of any  material  provision  of  this
      Agreement  which breach is not cured within 30 days after  delivery to you
      by the Company of written  notice of such  breach,  provided  that if such
      breach is not capable of being cured  within such 30 day period,  you will
      have a  reasonable  additional  period to cure such breach but only if you
      promptly commence and continue good faith efforts to cure such breach. Any
      determination  under this  Section  4(c) will be made by a majority of the
      Board   voting  on  such   determination.   With   respect   to  any  such
      determination, the Board will act fairly and in utmost good faith and will
      give you and your  counsel  an  opportunity  to  appear  and be heard at a
      meeting of the Board or and  present  evidence on your  behalf.  No act or
      omission  on your  part  will be  considered  "willful"  unless  done,  or
      admitted to be done, by you in bad faith or without your reasonable belief
      that such act or omission was in the best interest of the Company.

            (d) Definition of "Good Reason".  For purposes of this Agreement,  a
      "Good Reason" means any of the following:

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                  (i) The  relocation of the  Company's  offices to any location
            that is not within a 15-mile radius of Philadelphia, Pennsylvania (a
            "Relocation"); provided, however, that in the event that the Company
            offers to either (A) permit you to work from your home and agrees to
            pay you  reasonable  expenses to maintain a home office  (including,
            but not  limited  to,  the  costs of an  additional  phone  line and
            broadband internet  connection) and reasonable expenses to travel to
            the Company's new offices as deemed  required by the Chief Executive
            Officer of the Company  (including an  automobile  allowance of $500
            per month) or (B) if you remain  with the  Company in the event of a
            Relocation,  pay for all of your reasonable expenses associated with
            relocating  (including,  but  not  limited  to,  temporary  housing,
            housing  search,   closing  costs,   automobile  allowance,   etc.),
            provided,  however,  that you are in agreement with the terms of the
            relocation package proposed by the Company,  then a Relocation shall
            not be deemed a Good Reason for purposes of this Agreement.

                  (ii) A material  adverse change by the Company in your duties,
            authority  or   responsibilities  as  Vice  President  of  Strategic
            Planning and Finance of the Company  which causes your position with
            the Company to become of less  responsibility or authority than your
            position as of immediately following the Commencement Date, provided
            that such change is not in  connection  with a  termination  of your
            employment hereunder by the Company;

                  (iii) The  assignment  to you of duties  not  commensurate  or
            consistent  with  your  position  as  Vice  President  of  Strategic
            Planning  and  Finance of the  Company  without  your prior  written
            consent;

                  (iv) A reduction in your compensation or other benefits except
            such  a  reduction  in  connection  with  a  general   reduction  in
            compensation  or other  benefits  of all  senior  executives  of the
            Company;

                  (v) A material  breach of this  Agreement  by the Company that
            has not been cured within 30 days after  written  notice  thereof by
            you to the Company;

                  (vi) A Change of Control (as defined in Section 4(e) below) of
            the Company; or

                  (vii) Failure by the Company to obtain the  assumption of this
            Agreement by any successor to the Company.

            (e)   Definition  of  "Change  of  Control"  For  purposes  of  this
      Agreement, a Change of Control means with respect to the Company or any of
      its major subsidiaries that any of the following events has occurred:

                  (i) Any person  (as such term is used in Section  13(d) of the
            Securities  Exchange Act of 1934 (the "Exchange  Act")),  other than
            the Company,  any employee benefit plan of the Company or any entity
            organized,  appointed or  established by the Company for or pursuant
            to the terms of any such plan,  together with all  "affiliates"  and
            "associates"  (as such terms are  defined  in Rule  12b-2  under the
            Exchange Act) becomes the beneficial  owner or owners (as defined in
            Rule I 3d-3 and 13d-5 promulgated under the Exchange Act),  directly
            or  indirectly  (the  "Control  Group"),  of  more  than  50% of the
            outstanding  equity securities of the Company,  or otherwise becomes
            entitled,  directly  or  indirectly,  to vote  more  than 50% of the
            voting power entitled to be cast at elections for directors ("Voting
            Power") of the Company,  provided  that a Change of Control will not
            have  occurred if such Control Group  acquired  securities or Voting
            Power solely by purchasing  securities from the Company,  including,
            without  limitation,  acquisition of securities by one or more third
            party investors such as venture capital investor(s);

                  (ii) A consolidation or merger (in one transaction or a series
            of  related  transactions)  of the  Company  pursuant  to which  the
            holders of the Company's equity securities immediately prior to such
            transaction  or  series  of  related  transactions  would not be the
            holders, directly or indirectly,  immediately after such transaction
            or series of  related  transactions  of more than 50% of the  Voting
            Power of the entity  surviving such transaction or series of related
            transactions;

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                  (iii) The sale,  lease,  exchange  or other  transfer  (in one
            transaction  or  a  series  of  related   transactions)  of  all  or
            substantially  all  of  the  assets  of the  Company  or  its  major
            subsidiaries; or

                  (iv) The  liquidation  or  dissolution  of the  Company or the
            Company ceasing to do business.

      5. Prohibited Competition.

            (a) Certain Acknowledgements and Agreements.

                  (i) We have  discussed,  and you recognize and acknowledge the
            competitive and  proprietary  aspects of the business of the Company
            Group.

                  (ii)  You   acknowledge   that  a  business   will  be  deemed
            competitive  with  the  Company  Group  if it  performs  any  of the
            services or  manufactures  or sells any of the products  provided or
            offered by the Company  Group or if it performs  any other  services
            and/or engages in the production, manufacture,  distribution or sale
            of any product  similar to services or products,  which  services or
            products were performed, produced, manufactured,  distributed, sold,
            under  development or planned by the Company Group during the period
            while you are employed hereunder.

                  (iii) You further  acknowledge  that,  while you are  employed
            hereunder,  the  Company  Group  will  furnish,   disclose  or  make
            available to you Confidential Information (as defined below) related
            to the business of the Company  Group and that the Company Group may
            provide  you  with  unique  and  specialized   training.   You  also
            acknowledge  that such  Confidential  Information  and such training
            have been  developed  and will be  developed  by the  Company  Group
            through the  expenditure by the Company Group of  substantial  time,
            effort  and money  and that all such  Confidential  Information  and
            training could be used by you to compete with the Company Group. You
            also  acknowledge that if you become employed or affiliated with any
            competitor of the Company Group in violation of your  obligations in
            this  Agreement,  it is  inevitable  that  you  would  disclose  the
            Confidential  Information  to such  competitor  and  would  use such
            Confidential  Information,  knowingly or  unknowingly,  on behalf of
            such competitor. Further, while you are employed hereunder, you will
            be introduced to customers and others with  important  relationships
            to the Company Group.  You  acknowledge  that any and all "goodwill"
            created  through  such  introductions  belongs  exclusively  to  the
            Company Group, including,  without limitation,  any goodwill created
            as a result of direct or indirect contacts or relationships  between
            yourself and any customers of the Company Group.

                  (iv)   For   purposes   of   this   Agreement,   "Confidential
            Information" means  confidential and proprietary  information of the
            Company Group, whether in written,  oral,  electronic or other form,
            including  but not  limited  to,  information  and facts  concerning
            business plans, customers, future customers,  suppliers,  licensors,
            licensees,  partners,  investors,  affiliates  or  others,  training
            methods  and  materials,  financial  information,  sales  prospects,
            client  lists,  inventions,  or any other  scientific,  technical or
            trade secrets of the Company Group or of any third party provided to
            you or the  Company  Group  under a  condition  of  confidentiality,
            provided that Confidential  Information will not include information
            that is in the public  domain other than through any fault or act by
            you. The term "trade  secrets," as used in this  Agreement,  will be
            given  its  broadest  possible   interpretation  under  the  law  of
            Pennsylvania and will include, without limitation, anything tangible
            or intangible or electronically  kept or stored,  which constitutes,
            represents,  evidences  or  records  secret  scientific,  technical,
            merchandising,  production or management information, or any design,
            process,  procedure,   formula,  invention,   improvement  or  other
            confidential or proprietary information or documents.

            (b)  Non-Competition;   Non-Solicitation.  While  you  are  employed
      hereunder and for a period of one year  following the  termination of your
      employment  hereunder  for any  reason  or for no  reason,  you will  not,
      without the prior written consent of the Company:

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                  (i) For  yourself or on behalf of any other  person or entity,
            directly or indirectly,  either as principal,  partner, stockholder,
            officer,    director,    member   employee,    consultant,    agent,
            representative  or in any other capacity,  own,  manage,  operate or
            control,  or be  concerned,  connected  or employed by, or otherwise
            associate in any manner with, engage in or have a financial interest
            in, any  business  which is  competitive  with the  business  of the
            Company  Group (each,  a  "Restricted  Activity")  within the United
            Kingdom of Great  Britain and Ireland and any other  territories  in
            which the Company or its major  subsidiaries  generates  substantial
            revenue  (the  "Restricted  Territory"),  except  that  (A)  nothing
            contained  herein  will  preclude  you  from  purchasing  or  owning
            securities  of any such  business if such  securities  are  publicly
            traded, and provided that your holdings do not exceed one percent of
            the issued and outstanding  securities of any class of securities of
            such  business and (B) nothing  contained  herein will  prohibit you
            from  engaging in a  Restricted  Activity for or with respect to any
            subsidiary,  division or  affiliate  or unit (each,  a "Unit") of an
            entity  if  that  Unit  is not  engaged  in any  business  which  is
            competitive with the business of the Company Group,  irrespective of
            whether some other Unit of such entity  engages in such  competition
            (as long as you do not  engage  in a  Restricted  Activity  for such
            other Unit); or

                  (ii) Either  individually or on behalf of or through any third
            party,  directly or  indirectly,  solicit,  divert or appropriate or
            attempt  to  solicit,  divert or  appropriate,  for the  purpose  of
            competing  with the Company  Group,  any customers or patrons of the
            Company Group, or any prospective  customers or patrons with respect
            to  which  the  Company   Group  has   developed  or  made  a  sales
            presentation (or similar offering of services); or

                  (iii) Either individually or on behalf of or through any third
            party,  directly or indirectly,  (A) solicit,  entice or persuade or
            attempt  to  solicit,   entice  or  persuade  any  employees  of  or
            consultant  to the Company Group to leave the service of the Company
            Group  for any  reason,  or (B)  employ,  cause to be  employed,  or
            solicit the  employment  of, any  employee of or  consultant  to the
            Company  Group  while any such person is  providing  services to the
            Company  Group or within six months after any such person has ceased
            providing services to the Company Group; or

                  (iv) Either  individually or on behalf of or through any third
            party,  directly  or  indirectly,  interfere  with,  or  attempt  to
            interfere  with,  the  relations  between the Company  Group and any
            vendor or supplier to the Company Group.

            (c)  Reasonableness  of  Restrictions.  You  further  recognize  and
      acknowledge  that (i) the types of employment which are prohibited by this
      Section 5 are narrow  and  reasonable  in  relation  to the  skills  which
      represent  your  principal  salable asset both to the Company Group and to
      your other prospective employers and (ii) the time period and the specific
      but  broad  geographical  scope of the  provisions  of this  Section  5 is
      reasonable,  legitimate  and fair to you in light of the  Company  Group's
      need to market its services  and sell its  products in a large  geographic
      area in  order to have a  sufficient  customer  base to make  the  Company
      Group's  business  profitable and in light of the limited  restrictions on
      the  type  of  employment  prohibited  herein  compared  to the  types  of
      employment for which you are qualified to earn your livelihood.

            (d)   Survival   of    Acknowledgements    and   Agreements.    Your
      acknowledgements  and  agreements set forth in this Section 5 will survive
      the  termination of this Agreement and the  termination of your employment
      hereunder for any reason or for no reason.

      6. Protected  Information.  You will at all times,  both during the period
while you are employed hereunder and after the termination of this Agreement and
the  termination of your  employment  hereunder for any reason or for no reason,
maintain in confidence  and will not,  without the prior written  consent of the
Company  Group,  use,  except as required in the course of  performance  of your
duties for the Company  Group or by court order,  disclose or give to others any
Confidential Information. In the event you are questioned by anyone not employed
by  the  Company  or by an  employee  of or a  consultant  to  the  Company  not
authorized to receive  Confidential  Information,  in regard to any Confidential
Information,  or concerning any fact or circumstance  relating thereto, you will
promptly notify the Company.  Upon the termination of your employment  hereunder
for any reason or for no reason, or if the Company Group otherwise requests, you
will return to the  Company  Group all  tangible  Confidential  Information  and
copies  thereof  (regardless  how such  Confidential  Information  or copies are
maintained). The terms of this Section 6 are in addition to, and not in lieu of,
any  statutory  or  other  contractual  or  legal  obligation  that you may have
relating to the protection of the Company Group's Confidential Information.  The
terms of this  Section  6 will  survive  indefinitely  any  termination  of this
Agreement and/or any termination of your employment  hereunder for any reason or
for no reason.

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         7. Ownership of Ideas, Copyrights and Patents.

            (a)  Property of the  Company.  All ideas,  discoveries,  creations,
      manuscripts   and   properties,   innovations,   improvements,   know-how,
      inventions,  designs,  developments,  apparatus,  techniques,  methods and
      formulae (collectively, the "Inventions") which may be used in the current
      or planned  business of the  Company  Group or which in any way relates to
      such business,  whether  patentable,  copyrightable  or not, which you may
      conceive,  reduce to practice or develop while you are employed  hereunder
      (and, if based on or related to any Confidential  Information,  within two
      years  after  termination  of such  employment  for any  reason  or for no
      reason), alone or in conjunction with another or others, whether during or
      out of  regular  business  hours,  whether or not on the  Company  Group's
      premises or with the use of its  equipment,  and whether at the request or
      upon the  suggestion of the Company  Group or otherwise,  will be the sole
      and exclusive property of the Company Group, and that you will not publish
      any of the  Inventions  without the prior  written  consent of the Company
      Group.  Without  limiting the  foregoing,  you also  acknowledge  that all
      original works of authorship which are made by you (solely or jointly with
      others)  within  the  scope  of your  employment  or which  relate  to the
      business of the Company Group and which are  protectable  by copyright are
      "works made for hire"  pursuant  to the United  States  Copyright  Act (17
      U.S.C.  Section  101).  You hereby assign to the Company Group all of your
      right,  title and  interest  in and to all of the  foregoing.  You further
      represent  that,  to the best of your  knowledge  and belief,  none of the
      Inventions  will violate or infringe  upon any right,  patent,  copyright,
      trademark or right of privacy,  or constitute  libel or slander against or
      violate any other rights of any person, firm or corporation,  and that you
      will use your best efforts to prevent any such violation.

            (b)  Cooperation.  At any time during your  employment  hereunder or
      after the termination of your  employment  hereunder for any reason or for
      no reason,  you will  cooperate  fully with the  Company  Group's  and its
      attorneys and agents in the preparation and filing of all papers and other
      documents as may be required to perfect the Company  Group's rights in and
      to any of such Inventions,  including,  but not limited to, joining in any
      proceeding to obtain letters patent, copyrights, trademarks or other legal
      rights with respect to any such Inventions in the United States and in any
      and all other  countries,  provided  that the Company  Group will bear the
      expense of such  proceedings,  and that any patent or other legal right so
      issued to you  personally  will be assigned  by you to the  Company  Group
      without charge by you.

      8. Disclosure to Future Employers.  You will provide,  and the Company, in
its  discretion,  may similarly  provide,  a copy of the covenants  contained in
Sections 5, 6 and 7 of this  Agreement to any business or  enterprise  which you
may, directly or indirectly,  own, manage, operate, finance, join, control or in
which you may participate in the ownership, management, operation, financing, or
control, or with which you may be connected as an officer,  director,  employee,
partner, principal, agent, representative, consultant or otherwise.

      9. Records.  Upon termination of your employment  hereunder for any reason
or for no reason  and at any  other  time  requested  by the  Company,  you will
deliver to the Company  Group any property of the Company  Group which may be in
your possession,  including  products,  materials,  memoranda,  notes,  records,
reports, or other documents or photocopies of the same.

      10.  Insurance.  The Company,  in its sole  discretion,  may apply for and
purchase key person life  insurance on your life in an amount  determined by the
Company with the Company Group as beneficiary  and one or more other policies of
insurance  insuring  your  life.  You  will  submit  to  any  medical  or  other
examinations and to execute and deliver any applications or other instruments in
writing that are reasonably necessary to effectuate such insurance.

      11. Representations.  You hereby represent and warrant to the Company that
you understand  this Agreement,  that you enter into this Agreement  voluntarily
and that your  employment  under this Agreement will not conflict with any legal
duty owed by you to any other  party,  or with any  agreement to which you are a
party  or  by  which  you  are  bound,   including,   without  limitation,   any
non-competition or  non-solicitation  provision contained in any such agreement.
You will  indemnify  and hold  harmless  the  Company  Group  and its  officers,
directors,   security  holders,  partners,   members,   employees,   agents  and
representatives  against  loss,  damage,  liability or expense  arising from any
claim  based  upon   circumstances   alleged  to  be   inconsistent   with  such
representation and warranty.

                                       7
<PAGE>

      12. General.

            (a)   Notices.   All   notices,   requests,   consents   and   other
      communications  hereunder which are required to be provided,  or which the
      sender elects to provide,  in writing,  will be addressed to the receiving
      party's  address set forth  above or to such other  address as a party may
      designate by notice  hereunder,  and will be either (i) delivered by hand,
      (ii) sent by overnight  courier,  or (iii) sent by registered or certified
      mail, return receipt requested,  postage prepaid.  All notices,  requests,
      consents and other  communications  hereunder  will be deemed to have been
      given either (i) if by hand,  at the time of the  delivery  thereof to the
      receiving party at the address of such party set forth above, (ii) if sent
      by overnight  courier,  on the next  business day  following  the day such
      notice is delivered to the courier service, or (iii) if sent by registered
      or  certified  mail,  on the fifth  business  day  following  the day such
      mailing is made.

            (b)  Entire  Agreement.  This  Agreement  and the  other  agreements
      specifically  referred  to  herein,  embodies  the  entire  agreement  and
      understanding  between  the  parties  hereto  with  respect to the subject
      matter  hereof and  supersedes  all prior oral or written  agreements  and
      understandings  relating  to the  subject  matter  hereof.  No  statement,
      representation,  warranty, covenant or agreement of any kind not expressly
      set forth in this Agreement will affect,  or be used to interpret,  change
      or restrict, the express terms and provisions of this Agreement.

            (c) Modifications  and Amendments.  The terms and provisions of this
      Agreement may be modified or amended only by written agreement executed by
      the parties hereto.

            (d) Waivers and Consents. The terms and provisions of this Agreement
      may be waived,  or consent for the departure  therefrom  granted,  only by
      written  document  executed by the party  entitled to the benefits of such
      terms or  provisions.  No such  waiver or consent  will be deemed to be or
      will  constitute  a waiver or consent  with  respect to any other terms or
      provisions of this Agreement,  whether or not similar. Each such waiver or
      consent  will be  effective  only  in the  specific  instance  and for the
      purpose  for which it was  given,  and will not  constitute  a  continuing
      waiver or consent.

            (e)  Assignment.  The Company may assign its rights and  obligations
      hereunder  to any person or entity that  succeeds to all or  substantially
      all of the Company's  business or that aspect of the Company's business in
      which you are principally  involved or to any Company  Affiliate.  You may
      not assign your rights and  obligations  under this Agreement  without the
      prior written consent of the Company and any such attempted  assignment by
      you without the prior written consent of the Company will be void.

            (f) Benefit. All statements, representations,  warranties, covenants
      and agreements in this Agreement will be binding on the parties hereto and
      will  inure to the  benefit of the  respective  successors  and  permitted
      assigns of each party hereto.  Nothing in this Agreement will be construed
      to create any rights or  obligations  except  between the Company and you,
      except for your obligations to the Company Group as set forth herein,  and
      no person or entity  (except for a Company  Affiliate as set forth herein)
      will be regarded as a third-party beneficiary of this Agreement.

            (g) Governing Law. This Agreement and the rights and  obligations of
      the parties hereunder will be construed in accordance with and governed by
      the law of  Pennsylvania,  without  giving  effect to the  conflict of law
      principles thereof.

            (h) Jurisdiction,  Venue and Service of Process. Any legal action or
      proceeding  with  respect  to  this  Agreement  that  is  not  subject  to
      arbitration  pursuant to Section 12(i) below will be brought in the courts
      of  Pennsylvania  or of the  United  States  of  America  for the  Eastern
      District of  Pennsylvania.  By execution  and delivery of this  Agreement,
      each of the  parties  hereto  accepts  for  itself  and in  respect of its
      property, generally and unconditionally, the exclusive jurisdiction of the
      aforesaid courts.

                                       8
<PAGE>

            (i) Arbitration. Any controversy, dispute or claim arising out of or
      in connection  with this Agreement,  other than a controversy,  dispute or
      claim arising under Section 5, 6 or 7 hereof, will be settled by final and
      binding arbitration to be conducted in Philadelphia. Pennsylvania or other
      agreed to  jurisdiction  pursuant to the national rules for the resolution
      of employment  disputes of the American  Arbitration  Association  then in
      effect.  The decision or award in any such  arbitration  will be final and
      binding upon the parties and judgment  upon such  decision or award may be
      entered in any court of competent  jurisdiction or application may be made
      to any such court for judicial acceptance of such decision or award and an
      order of  enforcement.  In the  event  that any  procedural  matter is not
      covered by the aforesaid  rules,  the procedural law of Pennsylvania  will
      govern.  ANY DISAGREEMENT AS TO WHETHER A PARTICULAR DISPUTE IS ARBITRABLE
      UNDER THIS AGREEMENT  SHALL ITSELF BE SUBJECT TO ARBITRATION IN ACCORDANCE
      WITH THE PROCEDURES SET FORTH HEREIN.

            (j)  Severability.  The parties intend this Agreement to be enforced
      as written.  However, (i) if any portion or provision of this Agreement is
      to any extent declared illegal or unenforceable by a duly authorized court
      having  jurisdiction,  then  the  remainder  of  this  Agreement,  or  the
      application of such portion or provision in circumstances other than those
      as to  which  it is so  declared  illegal  or  unenforceable,  will not be
      affected thereby, and each portion and provision of this Agreement will be
      valid and  enforceable to the fullest extent  permitted by law and (ii) if
      any provision, or part thereof, is held to be unenforceable because of the
      duration of such provision,  the geographic area covered thereby, or other
      aspect or scope of such  provision,  the court  making such  determination
      will  have the  power to  reduce  the  duration,  geographic  area of such
      provision,  or other aspect or scope of such  provision,  and/or to delete
      specific  words and  phrases  ("blue-penciling"),  and in its  reduced  or
      blue-penciled  form,  such provision will then be enforceable  and will be
      enforced.

            (k) Headings and Captions.  The headings and captions of the various
      subdivisions  of this Agreement are for  convenience of reference only and
      will in no way modify or affect the meaning or  construction of any of the
      terms or provisions hereof.

            (l) Injunctive  Relief.  You hereby  expressly  acknowledge that any
      breach or  threatened  breach of any of the terms  and/or  conditions  set
      forth in Section 5, 6 or 7 of this Agreement  will result in  substantial,
      continuing  and  irreparable  injury to the Company Group.  Therefore,  in
      addition to any other remedy that may be  available to the Company  Group,
      the Company Group will be entitled to injunctive or other equitable relief
      by a court of  appropriate  jurisdiction  in the  event of any  breach  or
      threatened breach of the terms of Section 5, 6 or 7 of this Agreement. The
      period during which the  covenants  contained in Section 5 will apply will
      be extended by any periods  during  which you are found by a court to have
      been in violation of such covenants.

            (m) No Waiver of Rights, Powers and Remedies. No failure or delay by
      a party  hereto  in  exercising  any  right,  power or remedy  under  this
      Agreement,  and no course of dealing  between  the  parties  hereto,  will
      operate as a waiver of any such  right,  power or remedy of the party.  No
      single or  partial  exercise  of any  right,  power or remedy  under  this
      Agreement by a party hereto,  nor any  abandonment  or  discontinuance  of
      steps to enforce any such right, power or remedy, will preclude such party
      from any other or further  exercise  thereof or the  exercise of any other
      right,  power or remedy  hereunder.  The election of any remedy by a party
      hereto will not  constitute  a waiver of the right of such party to pursue
      other available remedies.  No notice to or demand on a party not expressly
      required under this Agreement will entitle the party receiving such notice
      or demand to any other or  further  notice or demand in  similar  or other
      circumstances  or  constitute  a waiver of the rights of the party  giving
      such notice or demand to any other or further action in any  circumstances
      without such notice or demand.

            (n)  Counterparts.  This  Agreement  may be  executed in two or more
      counterparts,  and by different  parties hereto on separate  counterparts,
      each of which will be deemed an original,  but all of which  together will
      constitute one and the same instrument.

            (o) Opportunity to Review.  You hereby acknowledge that you have had
      adequate  opportunity  to review these terms and conditions and to reflect
      upon and consider the terms and conditions of this Agreement, and that you
      have had the  opportunity  to consult  with  counsel of your own  choosing
      regarding such terms.  You further  acknowledge  that you fully understand
      the terms of this Agreement and have voluntarily executed this Agreement.

                                       9
<PAGE>

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       10
<PAGE>

      If the foregoing  accurately sets forth our agreement,  please so indicate
by signing and returning to us the enclosed copy of this Agreement.

                                        Very truly yours,

                                        TNX Television Holdings, Inc.

                                      By:/s/ Carl James Yankowski
                                         -------------------------------------
                                         Name:  Carl James Yankowski
                                         Title: Chairman Compensation Committee

Accepted and Approved
/s/ David N. Shevrin                August 16, 2004
---------------------------         ---------------
Print Name:                         Date

                                       11EXHIBIT 10.3

August 2, 2004

Carl J. Yankowski
c/o TNX Television Holdings, Inc.
1811 Chestnut Street, Suite 120
Philadelphia, Pennsylvania  19103

Dear Carl,

It is with great pleasure, on behalf of the Board of Directors of TNX Television
Holdings,  Inc. ("TNX"),  to extend to you a formal invitation to join the Board
of Directors of the Company. The TNX Board approved your appointment at our most
recent Board meeting held on July 28, 2004.

In  addition  to serving as a member of the Board,  the Board  would like you to
serve as  Chairman  of the  Compensation  Committee  and a member  of the  Audit
Committee.  The term of the  position  is for one year or until our next  annual
shareholders meeting, at such time when all directors will stand for election or
re-election.

As a director,  you will receive $1,250 per month as monetary  compensation  for
your services. The monthly fee will increase to $2,500 after the Company secures
equity financing of at least (pound)10 million ($18 million).  In addition,  you
will receive  reimbursement  for all reasonable out of pocket expenses  incurred
related to services performed in your capacity of director,

As a  non-employee  director who is joining the Board  subsequent to January 31,
2004 you shall be entitled to a grant of options to  purchase  30,000  shares of
common stock upon first  joining the Board during 2004.  Non-employee  directors
that serve on one or more Board  committees  are also  entitled to the following
annual  grants of options to  purchase  common  stock:  (a) 15,000  options  for
service as a member of our Audit Committee and (b) 15,000 options for service as
Chairman of the  Compensation  Committee.  The  options  granted for joining the
Board under this formula vest  one-half  following one year of service after the
date of grant and  one-quarter  per year for the subsequent  two years.  Options
granted under this formula to non-employee  directors for committee service vest
one-third  following  one year of service  after the date of grant and one-third
per year for the subsequent two years.

The options have a five year life. The date of the grant will be the date of the
Board meeting,  July 28, 2004 and will expire on July 27, 2009. The price of the
options is based on the closing price of the Company's  common stock on July 28,
2004, which was $1.51.  (The following table sets forth the vesting schedule for
your options.)

                         GRANT/
                          DATE     7/28/2004   7/28/2005   7/28/2006   7/28/2007
--------------------------------------------------------------------------------
Board                     30,000         --      15,000       7,500      7,500

Comp Committee (Chair)    15,000         --       5,000       5,000      5,000

Audit Committee           15,000         --       5,000       5,000      5,000
--------------------------------------------------------------------------------
                                     60,000      25,000      17,500     17,500

                                       1
<PAGE>

I  believe  that  TNX has  made  great  progress  in a short  period  of time on
capitalizing   on  our   first-mover   advantage  by  entering  into   exclusive
arrangements  with many of the leading  train  operators  in the UK to carry our
television  network.  Now, with your assistance,  I believe we can build a brand
that will become widely recognized by consumers and advertisers.  I look forward
to working with you in the months ahead.

If you are in agreement with the terms set forth in this letter, please sign and
date the section below and return to my office either by mail or fax.

Best regards,

Irwin L. Gross
Chairman & CEO

cc: N. Fetterman, N. Rogerson, D. Shevrin, L. Silver, H. Silverstone, S. Wagner

I accept the terms of engagement to serve on the Board of Directors of TNX
Television Holdings, Inc.

/s/ Carl James Yankowski   August 16, 2004
------------------------   -------------------
Carl James Yankowski       Date

                                       2

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