SVT INC
EMPLOYMENT CONTRACT
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<FILENAME>file002.txt
<DESCRIPTION>EMPLOYMENT CONTRACT
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                                   EXHIBIT 10






Mr. Michael Bell
8 Warwick Road
Summit, N.J. 07901                                             February 7, 2002



                               EMPLOYMENT CONTRACT


Dear Mike:

This purpose of this letter is to confirm my conversations with you regarding
your joining SVT Inc. (the "Company") as a senior member of the management team.
We are pleased to offer you the position of the Chief Financial Officer under
the following terms:

     1.  You will join the Company as of Monday, March 3rd. 2002, as the Chief
         Financial Officer reporting to me.

     2.  Your starting base salary will be $200,000- per annum, payable monthly
         as per our payroll practices. In addition, you will be entitled to all
         normal benefits available to senior employees of the Company.

     3.  You will receive a sign-on bonus of $25,000- payable with your first
         paycheck.

     4.  You will receive an annual performance review and will be entitled to a
         cash performance bonus, as discussed, based on both the financial
         performance of the Company as well as your personal contribution.

     5.  You will be entitled to receive an option to purchase one million
         shares of the Company to be vested immediately from the option pool of
         the Company to be set up for such purposes. Please note, however, that
         based on the structure of the employee stock option pool there will be
         some restrictions on transfer or sale of such shares in the market,
         which will be no more onerous than the restrictions imposed by the
         board on all "insiders" of the Company by virtue of the Shareholders
         Agreement filed in connection with the merger with SWWT Inc.
         Additionally, the strike price for your stock options is twenty five
         cents, which is at a very substantial discount from the current market
         price.



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     6.  Your initial term of employment will be two years from the date of your
         joining the Company, which will be automatically renewed for one year,
         unless terminated earlier by mutual consent or "for good cause". In
         case of termination "for good cause" you will be intimated in writing
         no less than 2 weeks prior to the date of such termination outlining
         the basis of the "good cause". You will be entitled to dispute any such
         termination under the rules, procedures and practices of the American
         Arbitration Association. In case of termination without "good cause"
         your base salary for the period remaining to be paid through the end of
         the contract term of two years will be deemed to have been earned by
         you on the date of such termination.

Obviously, as an officer of a public company, you will be bound by the all the
fiduciary responsibilities, usual and customary for a position of this nature,
including confidentiality, ethical conduct and conflict of interest.

If you agree that this is an accurate description of the offer I have made to
you, and you decide to accept this offer, please sign this letter as indicated
and return an original to me for our files. I look forward to welcome into the
management team.

Sincerely,                                          Agreed & Accepted


/s/   Sanjay Sethi                                  /s/   Michael Bell
---------------------------------                   ----------------------------
      Sanjay Sethi                                        Michael Bell



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