Document:

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                                                                Exhibit 10.40

                                                                 EXECUTION COPY

                      DISTRIBUTION AND OPERATING AGREEMENT

         THIS DISTRIBUTION AND OPERATING AGREEMENT (this "AGREEMENT") is dated
as of January 7, 2000, between ATM SERVICE, LTD., a New York corporation
("ATM"), and INTERCOMMERCE CHINA, LLC, a Delaware limited liability company
("ICC").

                                    RECITALS

         A. ICC is party to certain agreements and relationships with the China
Product TradeNet Center, a Chinese government agency responsible for managing
overstocked inventory in Chinese state-owned factories throughout China
("CPTNC").

         B. ATM is in the business of assisting entities optimize their return
on current products, excess assets, excess plant capacity and production time,
and discontinued and obsolete merchandise of all kinds. ATM utilizes its website
ATMCenter.com has a comprehensive e-commerce solution together with proprietary
Internet software and traditional off-line asset recovery talent and techniques
to allow its clients achieve the above.

         C. ATM is a subsidiary of WorldWide Web NetworX Corporation, a member
of ICC.

         NOW THEREFORE, in consideration of the mutual covenants herein and for
other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, and intending to be legally bound hereby, the parties agree
as follows:

         SECTION 1. SERVICES TO BE PROVIDED BY ATM

         1.1 APPOINTMENT AS AGENT. Subject to Section 6 hereof, ICC hereby
irrevocably appoints ATM as its exclusive agent to distribute and sell Products
during the Term and ATM hereby accepts such appointment. ATM is authorized to
act on behalf of ICC for all purposes relating to the distribution and sale of
Products, including without limitation, (a) being responsible for all decisions
relating to the distribution and sale of Products, (b) maintaining such bank
accounts as it deems necessary, (c) obtaining such short-term credit as it deems
necessary, and (d) acting on behalf of ICC for all other purposes relating to
the distribution and sale of Products except as ATM may require ICC to act in
connection therewith.

         1.2 SERVICES. (a) ICC hereby grants ATM the exclusive right during the
Term to distribute and sell all the merchandise, equipment, goods, and other
products (collectively, "PRODUCTS") that ICC or its affiliates, may from time to
time receive, sell, or distribute from or to the Republic of China under any
agreements with CPTNC ("CPTNC AGREEMENTS"), and (b) ICC agrees that
ATMCenter.com is the exclusive e-commerce enabler for the distribution and sale
of Products during the Term. Subject to its availability on commercially
reasonable terms, ATM agrees to maintain product liability insurance in
commercially reasonable amounts. ICC has

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heretofore provided to ATM true and complete copies of all CPTNC Agreements in
effect on the date of this Agreement and will provide promptly upon execution
true and complete copies of each CPTNC Agreement hereafter entered into during
the Term. ATM and ICC acknowledge and agree that the proposed transaction
between ATM and CPTNC outlined in the term sheet attached hereto as Exhibit A
shall for all purposes of this Agreement be deemed a CPTNC Agreement.

         1.3. STANDARD OF PERFORMANCE. ATM shall distribute and sell Products in
accordance with applicable industry standards and applicable laws and
regulations, and shall maintain in full force and effect all material licenses
and other permits necessary for the performance of ATM's obligations hereunder
and shall use commercially reasonable efforts to maximize the proceeds of sales
of Products distributed and sold hereunder.

         SECTION 2.  BUDGETS, FEES, AND EXPENSES

         2.1 ATM EXPENSES. ATM will deduct its operating expenses from any
Available Proceeds (as defined below) of sales of Products. ATM's expenses will
include, but not be limited to, the following: direct and allocated salaries,
travel costs and applicable overhead allocations related to the distribution and
sale of Products (collectively, "ATM EXPENSES").

         2.2 FEES. In consideration for performing its obligations hereunder,
ATM will receive (collectively, "FEES"): First, (a) a transaction fee equal to
10% of gross profits calculated as the difference between (x) proceeds from
sales of Products ("SALES PROCEEDS")and (y) the sum of (i) the purchase price of
Products sold payable to CPTNC under the applicable CPTNC Agreement; (ii)
expenses relating to the receipt, distribution and delivery of Products sold,
including, without limitation, shipping, warehousing, insurance premiums,
financing costs and third-party commissions, if any, ("DISTRIBUTION EXPENSES";
the difference between Sales Proceeds and the sum of the Purchase Price and
Distribution Expenses being hereinafter referred to as "NET PROCEEDS") and (iii)
any amounts payable to CPTNC out of Net Proceeds (the difference between Net
Proceeds and the amount described in clause (iii) is referred to as "AVAILABLE
PROCEEDS") and then (b) a service fee equal to 50% of Distributable Profits. For
purposes of this Agreement, "DISTRIBUTABLE PROFITS" means the difference between
(x) Available Proceeds and (y) ATM Expenses.

         2.3 OPERATING BUDGET. ICC will fund an agreed upon annual budget
("OPERATING BUDGET") to be maintained in an account to be used by ATM in
accordance with such Operating Budget. Variations from the Operating Budget in
excess of acceptable variances set forth therein must be approved by ICC.

         SECTION 3.        PROCEDURES; REPORTING

         3.1 PRODUCT TRANSACTIONS. From time to time as ICC obtains Products or
CPTNC has Products available to ICC, ICC or CPTNC, as applicable will notify ATM
of the details of such Products. Such details shall include written descriptions
of such Products in sufficient detail and quantities so that ATM may assess the
potential market for such Products. ATM will thereafter inform ICC or CPTNC, as
applicable, whether it is willing to distribute or sell such Products and

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provide reasonable and customary instructions for shipping, inventories, and
other necessary details, including without limitation, payment terms. If ATM
declines to distribute and sell any Products pursuant to this Section 3.1
("DECLINED PRODUCTS"), ICC shall be permitted to make other arrangements with
any person for the distribution and sale of such Declined Products.

         3.2 FREE OF ENCUMBRANCES. ICC represents and warrants to ATM that at
the time of delivery of any Products to ATM, all Products provided to ATM will
be free and clear from any liens, security interests, or other encumbrances
created by ICC and that ATM's right to the sale and distribution of such
Products is not restricted, limited, or qualified in any way by any agreement to
which ICC is a party or by which it may be bound.

         3.3 REPORTING. ATM will provide monthly reports reasonably satisfactory
to CPTNC and ICC detailing Products held in inventory by ATM pursuant to this
Agreement, sales of Products pursuant to this Agreement, Expenses relating to
sales of Products pursuant to this Agreement, and amounts that may be due.

         3.4 REMITTANCES TO ICC. ATM shall remit the proceeds from sales of
Products under this Agreement less Expenses and Fees to ICC and CPTNC within 10
days after delivery of the monthly reports described in Section 3.3.

         3.5 INSPECTION AND AUDIT RIGHTS. ICC, during normal business hours and
with reasonable notice, may (i) inspect any and all Products held by ATM
pursuant to this Agreement and (ii) with or without the assistance of outside
consultants, inspect, examine, or audit the books and records of ATM relating to
the transactions contemplated by this Agreement. ICC shall bear the costs of any
such inspection, examination, or audit of Products, books, or records if the
results thereof demonstrate ATM's compliance with its obligations hereunder by
at least 90% ("MATERIAL COMPLIANCE"). If the results of such inspection,
examination or audit demonstrate that ATM has not achieved Material Compliance
with its obligations hereunder, ATM shall bear the costs thereof.

         SECTION 4. REPRESENTATIONS AND WARRANTIES OF ICC

         ICC hereby represents and warrants to ATM as follows:

         4.1 ORGANIZATION AND GOOD STANDING. ICC is a limited liability company
duly organized, validly existing, and in good standing under the laws of the
State of Delaware.

         4.2 LITIGATION.

                  (a) there is no dispute, claim, action, suit, proceeding,
arbitration, or governmental investigation, either administrative or judicial,
pending, or to the knowledge of ICC threatened, against ICC or CPTNC or their
affiliates, officers, directors, members, or agents in connection with the
business of ICC, the matters covered by this Agreement, or questioning the
validity of this Agreement, or any CPTNC Agreement; and

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                  (b) ICC is not in default with respect to any order, writ,
injunction, or decree of any court or governmental department, commission,
board, bureau, agency, or instrumentality, which involves the possibility of any
judgment or liability which may result in any material adverse effect on the
parties to or matters covered by this Agreement.

         4.3 COMPLIANCE WITH LAWS. ICC has complied with and is not in default
under, or in violation of, any law, ordinance, rule, regulation, or order
(including, without limitation, any environmental, safety, employee benefit,
health, or price or wage control law, ordinance, rule, regulation, or order)
applicable to the matters covered by this Agreement which materially adversely
affect or, so far as ICC can now foresee, may in the future materially adversely
affect, the matters covered by this Agreement.

         4.4 AUTHORIZATION; NON-CONTRAVENTION. The execution and delivery of
this Agreement, and the actions contemplated hereby have been duly authorized,
including, with respect to ICC, by all necessary action of its Manager and
Members and neither the execution and delivery of this Agreement nor the
consummation of the transactions contemplated herein by ICC constitutes a
violation or breach of applicable law or any contract or instrument to which ICC
is a party or by which it is bound, or any order, writ, injunction, decree, or
judgment applicable to it, or constitutes a default (or would but for the giving
of notice or lapse of time or both, constitute a default) under any contract or
instrument to which ICC is a party or by which it or they are bound, or
conflicts with or violates any provision of the Articles of Organization of ICC.
Without limiting the generality of the foregoing provisions, the execution and
delivery by ICC of this Agreement and the consummation of the transactions
contemplated hereby will not (i) result in a violation or default or give to any
other person any rights, including rights of termination, cancellation, or
acceleration under any applicable law, rule, or regulation, any agreement,
instrument, or policy to which ICC is a party or may be bound, (ii) result in
any judgment, order, injunction, decree, or ruling of any court or governmental
authority to which ICC is a party or subject, or (iii) require any
authorization, consent, approval, exemption, or other action by any court or
administrative or governmental body which has not been obtained or any notice to
or filing with any court or administrative or governmental body which has not
been given or done. This Agreement has been duly executed and delivered by ICC
and constitutes the legal, valid and binding obligation of ICC enforceable in
accordance with its terms.

         4.5 CONSENTS. No consent, waiver, approval, order, permit, or
authorization of, or declaration or filing with, or notification to, any person,
entity, or governmental body is required on the part of ICC in connection with
the execution and delivery by ICC of this Agreement, or the compliance by ICC
with any of the provisions hereof.

         4.6 DISCLOSURE. No representation or warranty by ICC in this Agreement
or in any other Exhibit, Schedule, list, certificate, or document delivered
pursuant to this Agreement, contains or will contain any untrue statement of
material fact or omits or will omit to state any material fact necessary to make
any statement herein and therein not misleading.

         4.7 FOREIGN CORRUPT PRACTICES ACT. Neither ICC nor any of its
affiliates has engaged in any conduct with respect to the transactions
contemplated by this Agreement that would constitute a violation of any
provision of The United States Foreign Corrupt Practices Act

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("FCPA") or any other applicable national, federal, state, provincial, and local
laws, ordinances and regulations of similar scope or purpose of the United
States of America, the Republic of China, and any other country in which
activities related to the transactions contemplated by this Agreement are being
carried out.

         SECTION 5. REPRESENTATIONS AND WARRANTIES OF ATM

         ATM hereby represents and warrants to ICC as follows:

         5.1 ORGANIZATION AND GOOD STANDING. ATM is a corporation duly
organized, validly existing, and in good standing under the laws of the State of
New York.

         5.2 LITIGATION.

                  (a) there is no dispute, claim, action, suit, proceeding,
arbitration, or governmental investigation, either administrative or judicial,
pending, or to the knowledge of ATM threatened, against ATM or its affiliates,
officers, directors, or agents in connection with the matters covered by this
Agreement, or questioning the validity of this Agreement; and

                  (b) ATM is not in default with respect to any order, writ,
injunction, or decree of any court or governmental department, commission,
board, bureau, agency, or instrumentality, which involves the possibility of any
judgment or liability which may result in any material adverse effect on the
parties to or matters covered by this Agreement.

         5.3 COMPLIANCE WITH LAWS. ATM has complied with and is not in default
under, or in violation of, any law, ordinance, rule, regulation, or order
(including, without limitation, any environmental, safety, employee benefit,
health, or price or wage control law, ordinance, rule, regulation, or order)
applicable to the matters covered by this Agreement which materially adversely
affect or, so far as ATM can now foresee, may in the future materially adversely
affect, the matters covered by this Agreement.

         5.4 AUTHORIZATION. The execution and delivery of this Agreement and
other actions contemplated hereby have been duly authorized by all necessary
action of the Boards of Director and shareholders of ATM, and neither the
execution and delivery of this Agreement nor the consummation of the
transactions contemplated herein by ATM constitutes a violation or breach of
applicable law or any contract or instrument to which ATM is a party or is
bound, or any order, writ, injunction, decree, or judgment applicable to it, or
constitutes a default (or would but for the giving of notice or lapse of time or
both, constitute a default) under any contract or instrument to which ATM is a
party or by which it is bound, or conflicts with or violates any provision of
the Articles of Incorporation or By-Laws of ATM. Without limiting the generality
of the foregoing provisions, the execution and delivery by ATM of this Agreement
and the consummation of the transactions contemplated hereby will not (i) result
in a violation or default or give to any other person any rights, including
rights of termination, cancellation or acceleration under any applicable law,
rule, or regulation, any agreement, instrument, or policy to which ATM is a
party or may be bound, (ii) result in any judgment, order, injunction, decree,
or ruling of any court or governmental authority to which it is a party or
subject or (iii) require

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any authorization, consent, approval, exemption, or other action by any court or
administrative or governmental body which has not been obtained or any notice to
or filing with any court or administrative or governmental body which has not
been given or done. This Agreement has been duly executed and delivered by ATM
and constitutes the legal, valid, and binding obligation of ATM enforceable in
accordance with its terms.

         5.5 CONSENTS. No consent, waiver, approval, order, permit, or
authorization of, or declaration or filing with, or notification to, any person,
entity or governmental body is required on the part of ATM in connection with
the execution and delivery by ATM of this Agreement, or the compliance by ATM
with any of the provisions hereof.

         5.6 DISCLOSURE. No representation or warranty by ATM in this Agreement
or in any other Exhibit, Schedule, list, certificate or document delivered
pursuant to this Agreement, contains or will contain any untrue statement of
material fact or omits or will omit to state any material fact necessary to make
any statement herein and therein not misleading.

         5.7 FOREIGN CORRUPT PRACTICES ACT. Neither ATM nor any of its
affiliates has engaged in any conduct with respect to the transactions
contemplated by this Agreement that would constitute a violation of any
provision of FCPA or any other applicable national, federal, state, provincial,
and local laws, ordinances and regulations of similar scope or purpose of the
United States of America, the Republic of China, and any other country in which
activities related to the transactions contemplated by this Agreement are being
carried out.

         SECTION 6. TERM AND TERMINATION

         6.1 TERM. The "TERM" of this Agreement shall be from the date first
written above and continuing for a period of 10 years, unless earlier terminated
in accordance with Section 6.2 hereof.

         6.2 TERMINATION UPON DEFAULT. Each party ("PERFORMING PARTY") may
terminate this Agreement upon 30 days' prior written notice to the other party
("NON-PERFORMING PARTY") if:

                  (a) any representation or warranty of the Non-Performing Party
was untrue or incorrect in any material respect at the time made or deemed made
hereunder;

                  (b) the Non Performing Party has committed a material breach
of its obligations under this Agreement and fails to cure such breach with 30
days after receipt of written notice from the Performing Party or, if such
breach is not reasonably curable within such 30 day period, the Non-Performing
Party fails to commence a cure of such breach within such 30 day period and to
pursue diligently such cure until completion; or

                  (c) a petition is filed or a proceeding is otherwise commenced
by the Non-Performing Party for its liquidation, reorganization or other
arrangement under any provision of any bankruptcy or similar law or code; or

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                  (d) an involuntary petition is filed or other involuntary
proceeding is commenced against the Non-Performing Party seeking it liquidation,
reorganization or other arrangement under any provision of any bankruptcy or
similar law or code and such involuntary petition or proceeding is not dismissed
within 90 days.

         Termination of this Agreement pursuant to this Section 6.2 shall not
affect or limit the Performing Party's right to seek other remedies otherwise
available to it at law or in equity as a result of the Non-Performing Party's
breach of this Agreement.

         6.3. OTHER TERMINATION RIGHTS. Either party may terminate this
Agreement upon 30 days' prior written notice (or such shorter notice or without
notice so may be required by law) if the performance by either party of any
material obligation hereunder is finally determined or mutually agreed to be
unlawful as a result of the enactment after the date of this Agreement of any
federal, state, local or foreign law, rule or regulation. Termination of this
Agreement pursuant to this Section 6.3 shall be the sole and exclusive remedy of
the parties (other than with respect to lawful obligations arising prior to the
date of any such termination) and no party shall have any further ability or
liability to the other party hereunder from and after the date of such
termination

         SECTION 7. INDEMNIFICATION

         7.1 SURVIVAL OF REPRESENTATIONS, WARRANTIES AND AGREEMENTS. All
representations, warranties, covenants and agreements made by any party in this
Agreement or in any certificate delivered pursuant hereto shall survive for a
period of 1 year after the end of the Term.

         7.2 INDEMNIFICATION. Each party shall defend, indemnify and hold the
other party harmless from and against all actual or potential claims, demands,
liabilities, damages, losses and out-of-pocket expenses including reasonable
attorneys' fees whether or not reduced to judgment, order, or award, caused by
or arising out of (i) the breach of any covenant or agreement of it in this
Agreement or in any certificate delivered by it or them pursuant hereto, or (ii)
the failure of any representations or warranties made by it in this Agreement or
in any certificate delivered by it or them pursuant hereto to have been true and
correct when made and on and as of the date of delivery of any documents
pursuant to this Agreement.

         7.3 NOTICE OF INDEMNIFICATION. In the event any legal proceeding shall
be threatened or instituted or any claim or demand shall be asserted by any
person or entity in respect of which payment may be sought by one party hereto
from another party under the provisions of this Section 7, the party seeking
indemnification (the "INDEMNITEE") shall promptly cause written notice of the
assertion of any such claim of which it has knowledge which is covered by this
indemnity to be forwarded to the other party (the "INDEMNITOR"); provided,
however, that failure of the Indemnitee to give the Indemnitor notice as
provided in this Section shall not relieve the Indemnitor of its obligations
hereunder except to the extent that the Indemnitor shall have been prejudiced by
such failure. Any notice of a claim by reason of any of the representations,
warranties or covenants contained in this Agreement shall state in reasonable
detail the representation, warranty or covenant with respect to which the claim
is made, the facts giving

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rise to an alleged basis for the claim, and the amount of the liability asserted
against the Indemnitor by reason of the claim.

         7.5 INDEMNIFICATION PROCEDURE FOR THIRD PARTY CLAIMS. Except as
otherwise provided herein, in the event of the initiation of any legal
proceeding against an Indemnitee by a third party, the Indemnitor shall be
entitled to assume the defense thereof, at the Indemnitor's sole expense. If the
Indemnitor assumes the defense of any legal proceeding, it will not settle the
legal proceeding without the prior written consent of the Indemnitee (which
shall not be unreasonably withheld or delayed). The Indemnitee shall cooperate
in all reasonable respects with the Indemnitor and its attorneys in the
investigation, trial, and defense of any legal proceeding and any appeal arising
therefrom (including the filing in the Indemnitee's name of appropriate cross
claims and counterclaims). The Indemnitee may, at its own cost, participate in
any investigation, trial, and defense of such legal proceeding controlled by the
Indemnitor and any appeal arising therefrom. If after receipt of a written
notice pursuant to Section 9.4 hereof, the Indemnitor does not undertake to
defend any such legal proceeding, the Indemnitee may, but shall have no
obligation to, contest or defend against any legal proceeding and the Indemnitor
shall be bound by the result obtained with respect thereto by the Indemnitee
(including, without limitation, the settlement thereof without the consent of
the Indemnitor). If there are one or more legal defenses available to the
Indemnitee that conflict with those available to the Indemnitor, the Indemnitee
shall have the right, at the expense of the Indemnitor, to assume the defense of
the legal proceeding; provided, however, that in any event the Indemnitee may
not settle such legal proceeding without the consent of the Indemnitor, which
consent shall not be unreasonably withheld or delayed. As used herein, a "legal
proceeding" includes any judicial, administrative, or arbitral action, suit,
proceeding (public or private), claim, or governmental proceeding.

         7.6 PAYMENT OF INDEMNIFICATION AMOUNTS. Amounts payable by the
Indemnitor to the Indemnitee in respect of any claims hereunder shall be payable
by the Indemnitor as incurred by the Indemnitee.

         7.7 RIGHT OF SUCCESSORS TO ENFORCE. The parties agree that the
provisions of this Section 7 shall inure to the benefit of, and may be enforced
by, any successor to the interests of the respective party (by assignment,
merger, operation of law, or otherwise, and regardless of whether such successor
acquires such interests directly from the respective party) ("SUCCESSORS"), to
the same extent as if the representations, warranties, covenants, and agreements
contained in this Agreement had been made directly to such Successor. The
parties further agree that each shall execute and deliver to any Successor such
further agreements, instruments or other documents as may be reasonably required
to affirm the obligations of and the rights of such Successor hereunder.

         SECTION 8.    COMPETITION; CONFIDENTIALITY

         8.1      TRADE SECRETS/NON-COMPETITION.

                  (a) Each of the parties, and their affiliates, officers,
directors, members, or agents shall not at any time use for its or their own
benefit, or divulge to any other person, firm or corporation, any Confidential
Information or trade secrets relating in any way to the other

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party's business. For the purposes hereof, the term "CONFIDENTIAL INFORMATION"
means any and all information related to the customers, buyers, sellers, and
marketing relationships, and business and financial information of the
respective business.

                  (b) ATM covenants and agrees that, except as required in the
performance of duties set forth in this Agreement or any other written agreement
between the parties hereto, it will not compete for ICC's business with CPTNC,
but may take actions as may be necessary to enhance the CPTNC/ICC/ATM
relationship for the benefit of the members and with respect to this venture,
specifically. Except as expressly set forth in the immediately preceding
sentence, no party shall be prohibited or otherwise limited by this Agreement
from competing, or participating in any entity that may compete, with, directly
or indirectly, the business of the other party.

                  (c) The parties agree that any violation of any of the
covenants in this Section would cause substantial and irreparable injury to the
other party, whereupon the violating party may be enjoined from any breach or
threatened breach thereof in addition to, but not in limitation of, any of the
rights or remedies to which the injured party is or may be entitled to at law or
in equity or under this Agreement.

                  (d) The parties agree that the limitations set forth above are
reasonable in time and geographic scope, and if any provision hereof is held
invalid or unenforceable, the remainder shall nevertheless remain in full force
and effect. In particular, the parties agree that if any court of competent
jurisdiction shall determine that the duration or geographical limit of the
foregoing non-competition covenant is invalid, unreasonable or unenforceable, it
is the intention of the parties that it shall not be terminated thereby but
shall be deemed to have been amended to the extent required to render it valid
and enforceable, such amendment to apply only with respect to the jurisdiction
of the court making such adjudication.

                  (e) Except as otherwise required by law, each party shall
consult with the other party prior to issuing any public announcement, statement
or other disclosure with respect to this Agreement or the transactions
contemplated hereby and shall not issue any such announcement, statement or
other disclosure without the prior written consent of the other party.

         SECTION 9. MISCELLANEOUS

         9.1 GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED
AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT
REGARD TO ITS CONFLICTS OF LAWS PRINCIPLES. THE PARTIES HERETO AGREE THAT
JURISDICTION SHALL BE PROPER IN THE COURTS OF THE STATE OF NEW YORK AND CONSENT
TO JURISDICTION AND VENUE THEREIN.

         9.2 ASSIGNMENT. This Agreement shall not be assignable by any party
without the prior written approval of the other party. To the extent applicable,
this Agreement shall be binding upon, and inure to the benefit of, the parties,
and their respective heirs, personal representatives, successors and assigns.

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         9.3 HEADINGS FOR REFERENCE ONLY. The section and paragraph headings in
this Agreement are for convenience of reference only and shall not be deemed to
modify or limit the provisions of this Agreement.

9.4 NOTICES. All notices and other communications under this Agreement shall be
in writing and shall be deemed given when delivered by confirmed fax,
personally, or by recognized overnight courier, or four days after being mailed
by registered mail, return receipt requested, to a party at the following
address (or to such other address as such party may have specified by notice
given to the other party pursuant to this provision):

         If to ATM:        ATM Service, Ltd.
                           220 White Plains Road
                           Tarrytown, NY 10591
                           Attention:  Warren Rothstein
                           Fax no. (914) 631-6500

         If to ICC:        InterCommerce China, LLC
                           c/o ICES Enterprises, Inc.
                           18 West 18th Street
                           New York, NY  10010
                           Attention:  Henry Kauftheil
                           Fax no. (212) 647-8900

         9.5 ENTIRE AGREEMENT AND AMENDMENT. This document and the Exhibits and
Schedules hereto contain the entire agreement between the parties hereto with
respect to the transactions contemplated hereby and supersede all prior or
contemporaneous agreements, understandings, representations and warranties
between the parties and may not be amended except by written instrument executed
by the parties hereto.

         9.6 COUNTERPARTS. This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

         9.7 TRANSACTION CURRENCY. Unless the transaction otherwise
necessitates, all calculations made hereunder will be made in U.S. Dollars and
all payments hereunder will be in U.S. Dollars.

         9.8. ARBITRATION. Any dispute between the parties hereunder will, upon
the written request of either party, be submitted to arbitration in accordance
with the rules of commercial arbitration of the American Arbitration Association
("AAA"). Arbitration will take place in New York, New York and will be conducted
in the English language before one arbitrator chosen by the AAA. Fees of the
arbitrator and the costs and expenses of the proceeding will be assessed as
determined by the arbitrator. The decision of the arbitrator shall be final and
binding upon the

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parties. Each party will continue to perform diligently its obligations under
this Agreement during the pendency of any disputes or arbitration proceedings.

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                  IN WITNESS WHEREOF, the parties hereto have duly executed this
Agreement as of the date first above written.

                                        ATM SERVICE, LTD.

                                        By: //S//  WARREN ROTHSTEIN
                                           -------------------------------
                                           Name:  Warren Rothstein
                                           Title:  Chairman

                                        INTERCOMMERCE CHINA, LLC

                                        By:  //S//  HENRY KAUFTHEIL
                                           -------------------------------
                                           Name:  Henry Kauftheil
                                           Title:  Manager

                                       12<PAGE>
                                                                   Exhibit 10.41

                              EMPLOYMENT AGREEMENT

         EMPLOYMENT AGREEMENT dated effective as of January 14, 2000 between
WorldWide Web NetworX Corporation, a Delaware corporation (the "COMPANY"), and
John T. Banigan (the "EXECUTIVE"), an individual residing at 125 Greenley Road,
New Canaan, Connecticut 06840.

                                    RECITAL:

         The parties hereto desire to enter into this Agreement to provide for
the employment of the Executive by the Company and for certain other matters in
connection with such employment, all as set forth more fully in this Agreement.

         NOW, THEREFORE, in consideration of the premises and covenants set
forth herein, and intending to be legally bound hereby, the parties to this
Agreement hereby agree as follows:

         1. DUTIES. The Company agrees that the Executive shall be employed by
the Company as its Senior Vice President - Partner Company Development, and the
Executive agrees to be so employed, to devote his best efforts and substantially
all of his business time to advance the interests of the Company and to perform
such executive, managerial, administrative and other duties as are from time to
time assigned to him by the President and Chief Executive Officer of the Company
and are consistent with his position as a senior executive of the Company.

         2. TERM. Subject to SECTIONS 4 AND 5, the initial term of the
Executive's employment hereunder shall commence on the date of this Agreement
and shall continue for a term of 3 years, until January __, 2003 ("EXPIRATION
DATE"). If either party elects not to renew this Agreement following the
Expiration Date, or if the parties are otherwise unable to agree to mutually
acceptable terms for a renewal period within 180 days prior to the Expiration
Date, then (subject to the provisions of SECTION 16) this Agreement shall
terminate effective as of the Expiration Date.

         3.       COMPENSATION.

                  (A) SALARY. During the term of his employment under this
Agreement, the Executive shall be paid an annual salary at the initial rate of
not less than $185,000 (the "BASE SALARY"). The Base Salary may be increased
from time to time by the Board of Directors of the Company (the "BOARD") in its
sole and absolute discretion. The Board shall review the Base Salary at least
annually at the end of each fiscal year of the Company. The Base Salary shall be
paid in accordance with the Company's regular payroll practices.

                  (B) BONUSES. Executive shall receive a signing bonus equal to
$15,000, less applicable payroll deductions, payable at the time of the
execution and delivery of this Agreement. At the end of each fiscal year of the
Company that ends during the term of this

                                      -1-
<PAGE>

Agreement and at such other times as the Board determines, the Board shall
consider the award of a performance bonus to the Executive for such fiscal year.
The award of any bonus shall be in the sole discretion of the Board, EXCEPT that
Executive shall be entitled to receive a bonus of at least $15,000 in each
calendar year during the term of this Agreement.

                  (C) FRINGE BENEFITS. The Executive shall be entitled to
participate in all insurance, vacation and other fringe benefit programs of the
Company to the extent and on the same terms and conditions as are accorded to
other officers and key executives of the Company from time to time.

                  (D) REIMBURSEMENT OF EXPENSES. The Executive shall be
reimbursed for all normal items of travel, entertainment and miscellaneous
business expenses reasonably incurred by him on behalf of the Company, provided
that such expenses are documented and submitted in accordance with the
reimbursement policies of the Company as in effect from time to time.

                  (E) STOCK OPTIONS. The Executive and the Company have entered
into a Stock Option Grant Agreement, pursuant to which the Executive has been
granted certain options to purchase 250,000 shares of the Common Stock of the
Company, on the terms and subject to the conditions set forth therein, EXCEPT
that should a Change in Control (as defined below) occur, unless the Company
vests such options in a shorter period of time, any options to purchase
securities of the Company that were not previously vested will immediately vest
pursuant to the following schedule:

<TABLE>
<CAPTION>
                  LENGTH EMPLOYED           % OF OPTIONS VESTING

                  <S>                                 <C>
                  0-3 months                          0
                  3-9 months                          40%
                  9-15 months                         60%
                  15-21 months                        80%
                  more than 21 months                 100%
</TABLE>

                  (the sum of options vesting may not exceed 100% of options
                  granted)

                  (F) ENTIRE COMPENSATION. The compensation provided for in this
Agreement shall constitute full payment for the services to be rendered by the
Executive to the Company hereunder.

         4.       DEATH OR TOTAL DISABILITY OF THE EXECUTIVE.

                  (A) DEATH. In the event of the death of the Executive during
the term of this Agreement, this Agreement shall terminate effective as of the
date of the Executive's death, and the Company shall not have any further
obligation or liability under this Agreement except that the Company shall: (i)
pay to the Executive's estate any portion of the Executive's Base Salary for the
period up to the Executive's date of death that has been earned but remains
unpaid; (ii) pay to the Executive's estate any benefits that have accrued to the
Executive under the terms of the benefit plans of the Company in which he is a
participant, which benefits shall be paid in

                                      -2-
<PAGE>

accordance with the terms of those plans; and (iii) vest any options to purchase
securities of the Company that were not previously vested pursuant to the
schedule in SECTION 3(e).

                  (B) TOTAL DISABILITY. In the event of the Total Disability (as
that term is hereinafter defined) of the Executive, for (i) a period of 180
consecutive days or (ii) for any 180 days within a period of 360 consecutive
days, at any time during the term of this Agreement, the Company shall have the
right to terminate the Executive's employment hereunder by giving the Executive
30 days' written notice thereof, and, upon expiration of such 30-day period, the
Company shall not have any further obligation or liability under this Agreement
except that the Company shall: (i) pay to the Executive any portion of the
Executive's Base Salary for the period up to the date of termination that has
been earned but remains unpaid; (ii) pay to the Executive any benefits that have
accrued to the Executive under the terms of the benefit plans of the Company in
which he is a participant, which benefits shall be paid in accordance with the
terms of those plans; and (iii) vest any options to purchase securities of the
Company that were not previously vested pursuant to the schedule in SECTION
3(e). The term "TOTAL DISABILITY," when used herein, shall mean a mental or
physical condition that in the reasonable opinion of the Board renders the
Executive unable or incompetent to carry out the essential functions of the job
responsibilities he held or the tasks that he was assigned at the time the
disability was incurred.

         5.       TERMINATION.

                  (A) TERMINATION BY THE COMPANY FOR CAUSE. The Company may
discharge the Executive and thereby terminate his employment hereunder upon
written notice to the Executive for any of the following reasons: (i) material
violation of any policy regarding substance abuse as may be promulgated by the
Company from time to time; (ii) the willful failure to substantially perform the
duties or responsibilities of his position as those may be delegated or assigned
to the Executive by the President and CEO or by the Board; (iii) any material
breach of any covenant or agreement contained in SECTIONS 6 OR 7 of this
Agreement; (iv) engaging in intentional conduct that causes material damage to
the Company or its business reputation; (v) conviction (by trial or guilty plea)
or a plea of non-contest, NOLO CONTENDERE or similar plea to a felony (or
misdemeanor which the Company determines to have or could have a material
adverse effect on the Company or its reputation) which has become
non-appealable; (vi) adjudication as an incompetent; or (vii) misappropriation
of any funds or property of the Company materially affecting the Company, theft,
embezzlement or fraud; provided, however, that with respect only to subsections
(i) and (ii) above, the Company shall not discharge the Executive for cause
unless the Executive fails, refuses or for any reason does not cure such
violation to the reasonable satisfaction of the Company within 30 days following
written notice from the Company that there exists a reason for discharge for
cause. In the event that the Company shall discharge the Executive pursuant to
this SECTION 5(a), the Company shall not have any further obligation or
liability under this Agreement, except that the Company shall pay to the
Executive: (i) any portion of the Executive's Base Salary for the period up to
the date of termination that has been earned but remains unpaid; and (ii) any
benefits that have accrued to the Executive under the terms of the benefit plans
of the Company in which he is a participant, which benefits shall be paid in
accordance with the terms of those plans.

                                      -3-
<PAGE>

                  (b) OTHER TERMINATION BY THE COMPANY. The Company may
discharge the Executive and thereby terminate his employment hereunder at any
time upon 10 business days' prior written notice for any reason other than one
specified in SECTION 5(a). If the Company shall terminate the employment of the
Executive for any reason other than one specified in SECTION 5(a), the Executive
shall be entitled to: (i) be paid any portion of the Executive's Base Salary for
the period up to the date of termination that has been earned but remains
unpaid; (ii) be paid a severance payment equal to an amount equal to the
Executive's Base Salary for a period of 6 months, if and only if Executive has
been employed be the Company for a period greater than 6 months; (iii) be paid
any benefits that have accrued to the Executive under the terms of any benefit
plans of the Company in which he is a participant, which benefits shall be paid
in accordance with the terms of those plans; and (iv) have any options to
purchase securities of the Company that were not previously vested vest pursuant
to the schedule in SECTION 3(e).

                  (b) TERMINATION BY THE EXECUTIVE. The Executive may terminate
his employment hereunder at any time upon 10 business days' prior written notice
for Good Reason (as defined below). If the Agreement is so terminated, the
Executive shall be entitled to: (i) be paid any portion of the Executive's Base
Salary for the period up to the date of termination that has been earned but
remains unpaid; (ii) be paid a severance payment equal to an amount equal to the
Executive's Base Salary for a period of 6 months, if and only if Executive has
been employed be the Company for a period greater than 6 months; (iii) be paid
any benefits that have accrued to the Executive under the terms of any benefit
plans of the Company in which he is a participant, which benefits shall be paid
in accordance with the terms of those plans; and (iv) have any options to
purchase securities of the Company that were not previously vested vest pursuant
to the schedule in SECTION 3(e). For purposes of this Agreement, "GOOD REASON"
means, without the Executive's express written consent, any of the following
circumstances:

                           (A) Executive's removal from his position as Senior
Vice President, or a significant diminution in the nature or status of
Executive's responsibilities;

                           (B) Executive being assigned to any duties
inconsistent with Executive's status as an executive of the Company holding the
position of Senior Vice President;

                           (C) A reduction by the Company in Executive's Base
Salary or benefits;

                           (D) A Change in Control occurs; for purposes of this
SECTION 5(c)(D), a "CHANGE IN CONTROL" means any one of the following: (I) an
acquisition of 50% or more of the combined voting power of all of the Company's
securities, (II) a merger where, following the transaction, the Company's
stockholders own 50% or less of the voting securities of the surviving or
resulting entity, (III) the liquidation or sale of substantially all of the
assets of the Company, or (IV) the individuals who currently form a majority of
the Board cease to be a majority of the Board, unless the new directors are
nominated for election by the current Board or their nominated successors.

                                      -4-
<PAGE>

         6.       NON-DISCLOSURE AND NON-COMPETITION.

                  (a) NON-DISCLOSURE. The Executive acknowledges that in the
course of performing services for the Company, the Executive may have had access
to confidential and proprietary information and records, data and other trade
secrets of the Company ("CONFIDENTIAL INFORMATION"). Confidential Information
shall include, without limitation, the following types of information or
material, both existing and contemplated, regarding the Company, or its
subsidiary or affiliated companies: corporate information, including plans,
strategies, policies, resolutions, and any litigation or negotiations; marketing
information, including strategies, methods, customers, prospects, or market
research data; financial information, including cost and performance data, debt
arrangement, equity structure, investors, and holdings; operational and
scientific information, including trade secrets and technical information; and
personnel information, including personnel lists, resumes, personnel data,
organizational structure, compensation structure, and performance evaluations..
The Executive agrees that, during his employment by the Company hereunder and
after the termination or expiration of the Executive's employment hereunder, to
keep the Confidential Information secret and confidential; not to publish,
disclose or divulge the Confidential Information to any other party; not to use
any of the Confidential Information for the Executive's own benefit or to the
detriment of the Company without the prior written consent of the Company,
whether or not such Confidential Information was discovered or developed by the
Executive. The Executive also agrees not to divulge, publish or use any
proprietary and/or confidential information of others that the Company is
obligated to maintain in confidence for the relevant time period of the
Company's obligation. Notwithstanding the foregoing, the provisions of this
SECTION 6(a) will not apply when the Confidential Information (i) is publicly
disclosed other than by the Executive or (ii) is the subject of a valid order of
a court or administrative agency.

                  (b) NON-COMPETITION. The Executive agrees that, during his
employment by the Company hereunder and for an additional period of 1 year after
the termination or expiration of the Executive's employment hereunder, neither
the Executive nor any corporation or other entity in which the Executive may be
interested as a partner, trustee, director, officer, executive, employee, agent,
shareholder, lender of money or guarantor, or for which he performs services in
any capacity (including as a consultant or independent contractor) shall at any
time during such period (i) be engaged, directly or indirectly, in any
Competitive Business (as that term is hereinafter defined) or (ii) solicit,
hire, contract for services or otherwise employ, directly or indirectly, any of
the executives of the Company. Nothing herein contained shall be deemed to
prevent the Executive from investing in or acquiring one per cent or less of any
class of securities of any company if such class of securities is listed on a
national securities exchange or is quoted on the Nasdaq Stock Market. For
purposes of this SECTION 6(b), the term "COMPETITIVE BUSINESS" shall mean any
business that engages in the development of businesses that conduct
business-to-business transactions via an electronic commerce system, or which
engages in any other activities that are competitive with the business of the
Company at the time of termination or expiration of this Agreement. If the
Executive violates any provision of this SECTION 6(b), the 1 year restrictive
period set forth herein shall be extended for the duration of any such
violation, so that the Company enjoys the full term of such restrictive period.
Notwithstanding the foregoing, the Company acknowledges and agrees that the
provisions of this SECTION 6(b) shall

                                      -5-
<PAGE>

not apply if the Executive's employment is terminated under the provisions of
SECTIONS 5(b) OR 5(c).

         7. COMPANY DOCUMENTATION. The Executive shall hold in a fiduciary
capacity for the benefit of the Company all documentation, disks, programs,
data, records, drawings, manuals, reports, sketches, blueprints, letters, notes,
notebooks and all other writings, electronic data, graphics and tangible
information and materials of a secret, confidential or proprietary information
nature relating to the Company or the Company's business that are in the
possession or under the control of the Executive.

         8. INJUNCTIVE RELIEF. The Executive acknowledges that his compliance
with the agreements in SECTIONS 6 AND 7 is necessary to protect the good will
and other proprietary interests of the Company and that he is one of the
principal executives of the Company and conversant with its affairs, its trade
secrets and other proprietary information. The Executive acknowledges that a
breach of any of his agreements in SECTIONS 6 AND 7 hereof will result in
irreparable and continuing damage to the Company for which there will be no
adequate remedy at law; and the Executive agrees that in the event of any breach
of the aforesaid agreements, the Company and its successors and assigns shall be
entitled to injunctive relief and to such other and further relief as may be
proper.

         9. SUPERSEDES OTHER AGREEMENTS. This Agreement supersedes and is in
lieu of any and all other employment arrangements between the Executive and the
Company.

         10. AMENDMENTS. Any amendment to this Agreement shall be made in
writing and signed by the parties hereto.

         11. ENFORCEABILITY. If any provision of this Agreement shall be invalid
or unenforceable, in whole or in part, then such provision shall be deemed to be
modified or restricted to the extent and in the manner necessary to render the
same valid and enforceable, or shall be deemed excised from this Agreement, as
the case may require, and this Agreement shall be construed and enforced to the
maximum extent permitted by law as if such provision had been originally
incorporated herein as so modified or restricted or as if such provision had not
been originally incorporated herein, as the case may be.

         12. CONSTRUCTION. This Agreement shall be construed and interpreted in
accordance with the internal laws of the State of New Jersey.

         13.      ASSIGNMENT.

                  (A) BY THE COMPANY. The rights and obligations of the Company
under this Agreement shall inure to the benefit of, and shall be binding upon,
the successors and assigns of the Company. The Company shall require each and
every successor (whether direct or indirect, by asset or stock purchase, share
exchange, merger, consolidation or otherwise) to all or substantially all of the
business and/or assets of the Company, by agreement in form and substance
satisfactory to the Executive, to expressly assume and agree to perform this
Agreement in the same manner and to the same extent the Company would be
required to perform it if no such

                                      -6-
<PAGE>

succession had taken place. As used in this Agreement, "the Company" shall mean
the Company as hereinbefore defined and any successor to its business and/or
assets as provided above that executes and delivers the agreement provided for
in this SECTION 13(a) or that otherwise becomes bound by all the terms and
provisions of this Agreement by operation of law. Notwithstanding the provisions
of this Section 13(a), if the Company and the Executive agree to the employment
of the Executive by an affiliate or subsidiary of the Company, then this
Agreement may be assigned by the Company to such affiliate or subsidiary.

                  (B) BY THE EXECUTIVE. This Agreement and the obligations
created hereunder may not be assigned by the Executive, but all rights of the
Executive hereunder shall inure to the benefit of and be enforceable by his
heirs, devisees, legatees, executors, administrators and personal
representatives.

         14. NOTICES. All notices required or permitted to be given hereunder
shall be in writing and shall be deemed to have been given when mailed by
certified mail, return receipt requested, or delivered by a national overnight
delivery service addressed to the intended recipient as follows:

            If to the Company:            WorldWide Web NetworX Corporation
                                          521 Fellowship Road, Suite 130
                                          Mount Laurel, NJ 08054
                                          Attention:  President and CEO
                                          Fax:  856-914-0842

            If to the Executive:          John T. Banigan
                                          125 Greenley Road
                                          New Canaan, CT 06840
                                          Fax:  203-972-9033

Any party may from time to time change its address for the purpose of notices to
that party by a similar notice specifying a new address, but no such change
shall be deemed to have been given until it is actually received by the party
sought to be charged with its contents.

         15. WAIVERS. No claim or right arising out of a breach or default under
this Agreement shall be discharged in whole or in part by a waiver of that claim
or right unless the waiver is supported by consideration and is in writing and
executed by the aggrieved party hereto or his or its duly authorized agent. A
waiver by any party hereto of a breach or default by the other party hereto of
any provision of this Agreement shall not be deemed a waiver of future
compliance therewith, and such provisions shall remain in full force and effect.

         16. SURVIVAL OF COVENANTS. The provisions of SECTIONS 6, 7 AND 8 hereof
shall survive any termination or expiration of this Agreement. Furthermore, any
provision of this Agreement which provides a benefit to the Executive and which
by the express terms hereof does not terminate upon the termination of the
Executive's employment shall remain binding upon the Company until such time as
such benefits are paid in full to the Executive or his successors.

                                      -7-
<PAGE>

         IN WITNESS WHEREOF, this Agreement has been executed by the parties as
of the date first above written.

                                       WORLDWIDE WEB NETWORX CORPORATION

                                       By://S//  WARREN ROTHSTEIN
                                          -------------------------------------
                                           Name:  Warren Rothstein
                                           Title:  President and CEO

                                       //S//  JOHN T. BANIGAN
                                       ----------------------------------------
                                       John T. Banigan

                                      -8-

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