Document:

THIRD AMENDMENT TO PROMISSORY NOTE

     THIS THIRD AMENDMENT TO PROMISSORY NOTE ("Amendment") is made as of October
16, 2000 between OPEC CORPORATION, a Colorado corporation (the "Borrower"),  and
U.S. BANK NATIONAL ASSOCIATION, a national banking association (the "Lender").

                                   RECITALS:

     A. The Lender made a loan to the Borrower,  which loan is evidenced by that
certain Promissory Note dated August 3, 1998 made by the Borrower payable to the
Lender in the original principal amount of $480,000, as amended by that certain
Change  In Terms  Agreement  dated  August  25,  1999 and  that  certain  Second
Amendment to Promissory Note dated as of April 17, 2000 (as so amended, the "L/C
Note").

     B. The Lender made a loan to the Borrower,  which loan is evidenced by that
certain Combination  Promissory Note and Loan Agreement dated April 7, 1998 made
by the Borrower  payable to Lender in the original  principal  amount of $20,000
(the "Term Note" and collectively with the L/C Note, the "Notes").

     C. The Borrower and the Lender have entered into that certain Business Loan
Agreement dated August 3, 1998 (the "Loan Agreement").

     D. The  Borrower's  obligations  under the Notes and the Loan Agreement are
secured  by,  INTER  ALIA,  a security  interest  in the  Borrower's  inventory,
equipment,  accounts,  instruments,  chattel paper,  other rights to payment and
general  intangibles  pursuant to those certain Borrower's  Security  Agreements
dated December 24, 1997 and April 7, 1998 and that certain  Commercial  Security
Agreement  dated  August 3, 1998,  from the  Borrower  to Lender  (the,"Security
Agreements") and that security interest has been properly perfected.  The Notes,
the Loan Agreement, the Security Agreements,  and all other instruments executed
by the Borrower in connection therewith are collectively the "Credit Documents."

     E. The  Borrower's  obligations  under the Notes and the Loan Agreement are
absolutely and unconditionally guarantied by: (i) those certain Guaranties dated
December 24, 1997,  April 7, 1998 and August 3, 1998 made by Donald D.  Cannella
("Cannella")  in favor of the Lender;  and (ii) those certain  Guaranties  dated
December  24,  1997,  April 7, 1998 and August 3, 1998 made by Daniel J.  Romano
("Romano") in favor of the Lender (Cannella,  and Romano are, collectively,  the
"Guarantors").

     F. All amounts of  principal  and interest  outstanding  under the L/C Note
were due and payable in full on September  15,  2000.  The Borrower has not paid
the amounts  outstanding under the L/C Note and the failure to do so constitutes
an "Event of Default" under the Loan Agreement and the Notes.
<PAGE>
     G. The Borrower has requested  that the Lender extend the maturity date of
the L/C Note and the Lender is willing to do so if and only if:

          (i)  the Borrower and the Lender enter into this Amendment;

          (ii) the Borrower causes each of the Guarantors to execute and deliver
               to the  Lender  a  consent  to  This  Amendment  (the  "Guarantor
               Consents"),  each  dated  as of the date  hereof  and in form and
               substance  satisfactory to the Lender;  and the Borrower complies
               with  the  other  conditions  contained  in the  Notes,  the Loan
               Agreement and this Amendment.

                                   AGREEMENT:

     NOW, THEREFORE,  in consideration of the foregoing recitals, the agreements
set forth  herein and other good and  valuable  consideration,  the  receipt and
sufficiency of which are hereby  acknowledged,  the parties hereby  covenant and
agree as follows:

     1.   INCORPORATION   OF  RECITALS.   The  foregoing   recitals  are  hereby
incorporated herein and made a part hereof.

     2.  CONFIRMATION OF INDEBTEDNESS.  The outstanding  principal balance under
the L/C Note as of October 11, 2000 is $430,000.00.  The  outstanding  principal
balance under the Term Note as of October 11, 2000 is $$4,385.33.

     3. AMENDMENT TO L/C NOTE. The terms of the L/C Note are changed as follows:

          (a)  The  caption in the L/C Note  entitled  "MATURITY  9-15-2000"  is
               deleted and replaced with "MATURITY 12-31-2000."

          (b)  The  caption in the L/C Note  entitled  "PRINCIPAL  $480,000"  is
               deleted and replaced with "PRINCIPAL $430,000."

          (c)  The  caption  near  the top of the L/C  Note  READING  "PRINCIPAL
               AMOUNT:  $480,000.00"  is deleted and  replaced  with  "PRINCIPAL
               AMOUNT: $430,000."

          (d)  The first sentence of the paragraph captioned "PROMISE TO PAY" is
               deleted in its entirety and replaced  with the  following:  "OPEC
               CORPORATION  ("BORROWER")  PROMISES TO PAY TO U.S.  BANK NATIONAL
               ASSOCIATION  ("LEADER"),  OR ORDER, IN LAWFUL MONEY OF THE UNITED
               STATES OF AMERICA,  THE PRINCIPAL  AMOUNT OF FOUR HUNDRED  THIRTY
               THOUSAND 00/100 ($430,000.00) OR SO MUCH AS MAY

                                        2
<PAGE>
               be outstanding,  together with interest on THE UNPAID OUTSTANDING
               PRINCIPAL BALANCE of each advance."

          (e)  The  first  sentence  of the  paragraph  captioned  "PAYMENT"  is
               deleted  in  its  entirety  and  replaced  with  the   following:
               "Borrower  will pay this loan IN ONE  PAYMENT OF ALL  OUTSTANDING
               PRINCIPAL PLUS ALL ACCRUED UNPAID INTEREST ON DECEMBER 31, 2000."

     4. CONDITIONS TO  EFFECTIVENESS  OF AMENDMENT.  This Amendment shall become
effective as of the date first above written when the Lender shall have received
and, as  applicable,  executed  each of the  following:  (i) an original of this
Amendment,  duly executed by the Borrower; (ii) the original Guarantor Consents,
duly executed by each Guarantor, in form and content satisfactory to the Lender;
and (iii)  such  additional  information  or  documentation  as the  Lender  may
require.  If the Lender has not received  all of the  foregoing on or before the
date first above  written,  then the Lender's  offer to make the  agreements set
forth herein may be terminated, at the Lender's option, by giving notice to the
Borrower.

     5. GENERAL RELEASE. The Borrower, for and on behalf of itself and its legal
representatives,  heirs,  successors  and assigns,  does hereby waive,  release,
relinquish and forever discharge the Lender and its past and present  directors,
officers,  agents,  employees,  parents,  subsidiaries,   affiliates,  insurers,
attorneys,  representatives and assigns, and each and all thereof (collectively,
the "Released  Parties"),  of and from any and all manner of action or causes of
action, suits, claims, demands, judgments, damages, levies, and the execution of
whatsoever kind, nature and/or  description  arising on or before the date first
above written,  including,  without  limitation,  any claims,  losses,  costs or
damages, including compensatory and punitive damages, in each case whether known
or unknown, liquidated or unliquidated, fixed or contingent, direct or indirect,
which the Borrower, or its legal representatives,  heirs, successors or assigns,
ever had or now has or may claim to have against any of the  Released  Parties,
with respect to any matter whatsoever arising on or before said date.

     6. EFFECT OF AMENDMENT;  REPRESENTATIONS AND WARRANTIES. The Lender and the
Borrower agree that after this  Amendment  becomes  effective,  the L/C Note, as
hereby amended, shall remain in full force and effect. The Borrower warrants and
represents  that on and as of the date  hereof and after  giving  effect to this
Amendment,  there  will  exist no  event  of  default  under  any of the  Credit
Documents,  or circumstances that with the giving of notice, the passage of time
or both will constitute an event of default under any of the Credit Documents on
such date. The Borrower  represents and warrants that it has the power and legal
eight  and  authority  to enter  into  this  Amendment,  and that  neither  this
Amendment,  nor the  agreements  contained  herein,  contravene  or constitute a
default under any agreement,  instrument or indenture to which the Borrower is a
party or signatory or any provision of the Borrower's articles of incorporation,
bylaws,  or, to the best of the  Borrower's  knowledge,  any other  agreement or
requirement  of law.  The  Borrower  represents  and  warrants  that no consent,
approval or authorization of or

                                        3
<PAGE>
registration  or declaration  with any party,  including belt not limited to any
governmental  authority,  is  required  in  connection  with the  execution  and
delivery  by  the  Borrower  of  this  Amendment,  or  the  performance  of  the
obligations of the Borrower herein described.

     7.  RATIFICATION OF CREDIT  DOCUMENTS.  Except as expressly  modified under
this  Amendment,   all  of  the  terms,  conditions,   provisions,   agreements,
requirements,  promises,  obligations,  duties, covenants and representations of
the Borrower  under the Credit  Documents  and any and all other  documents  and
agreements  entered into with respect to the  Borrower's  obligations  under the
Credit  Documents are  incorporated  herein by reference and are hereby ratified
and affirmed in all respects by the Borrower.  The Borrower further acknowledges
and  agrees  that the  security  interests  created by the  Security  Agreements
continue to secure the obligations of the Borrower under the Term Note, the Loan
Agreement and the L/C Note, as amended by this Agreement.

     8. MERGER AND INTEGRATION,  SUPERSEDING EFFECT. This Amendment embodies the
entire  agreement and  understanding  between the parties hereto with respect to
the subject  matter hereof and  supersedes  and has merged into it ALL PRIOR and
written  agreements in the same subjects by and between the parties  hereto with
the effect that this Amendment shall control.

     9. GOVERNING LAW. THIS  AMENDMENTS IS GOVERNED BY THE LAWS OF THE STATE OF
COLORADO.

     IN WITNESS  WHEREOF,  the parties  hereto have caused this  Amendment to be
executed and delivered as of the date and year first above written.

                                        OPEC CORPORATION, a Colorado corporation

                                        By /s/ Donald D. Cannella, Pres.
                                           -------------------------------------
                                           Donald D. Cannella, President

                                        U.S. BANK NATIONAL ASSOCIATION

                                        By /s/ Michael J. Porcello
                                           -------------------------------------
                                           Michael J. Porcello, Assistant Vice
                                           President

                                        4
<PAGE>
STATE OF COLORADO  )
                   )ss.
COUNTY OF _______  )

     On this day before me, the undersigned  Notary Public  personally  appeared
Donald D. Cannella, the President of Opec Corporation, personally known to me or
proved to me on the basis of satisfactory  evidence to be an authorized  officer
of said  corporation  who executed the Third  Amendment to  Promissory  Note and
acknowledged the Third Amendment to Promissory Note to be the free and voluntary
act and deed of the corporation,  by authority of its Bylaws or by resolution of
its board of directors, for the uses and purposes therein mentioned, and on oath
stated that he is authorized to execute the Third  Amendment to Promissory  Note
and in fact  executed the Third  Amendment to  Promissory  Note on behalf of the
corporation.

     Given under my hand and official seal thin 12th day of October, 2000.

By Claire Jean Cannella                 Residing at 4320 Emerald Dr.
   -------------------------------                  ----------------------------

Notary Public in and for                My commission expires 02/23/2002
the State of Minnesota

                                        5
<PAGE>
                             CONSENT OF GUARANTOR(1)

     Pursuant to those certain Guaranties dated December 24, 1997, April 7, 1993
and  August 3, 1995 (the  "Guaranties"),  the  undersigned  has  unconditionally
guaranteed  the payment in full when due of all of Borrower's  Indebtedness  (as
defined in the Guaranties) to Lender. The undersigned hereby:

          (a) consents to the  execution  and delivery by Borrower and Lender of
     the foregoing Third Amendment to Promissory Note (the "Amendment"), and the
     other documents described therein;

          (b) agrees,  confirms and acknowledges  that his obligations under the
     Guaranties  executed  by him:  (i) are in no way  affected  or  impaired by
     reason  of the  execution  and  delivery  of the  Amendment,  and the other
     documents  described  therein,  (ii)  remain in full force and  effect.  in
     accordance with the terms of such Guaranties,  and (iii) continue to secure
     all  amounts  outstanding  under the L/C Note, as amended by the Amendment,
     and the Term Note;

          (c) acknowledge  that there are no existing  offsets,  defenses and/or
     counterclaims  assertable by the  undersigned  relating to his  obligations
     under the Guaranties;

          (d) agrees,  confirms and  acknowledges  that any  indebtedness of the
     Borrower  to the  undersigned,  if any,  is and at all times  shall  remain
     subordinate  to the  indebtedness  of the  Borrower now or hereafter to the
     Bank; and

          (e) ACKNOWLEDGES THAT: (I) HE HAS READ AND UNDERSTOOD THIS CONSENT AND
     THE AMENDMENT IN THEIR  ENTIRETY PRIOR TO SIGNING AND FULLY AGREES TO EACH,
     ALL AND EVERY PROVISION HEREOF AND THEREOF; AND (II) HE HAS RECEIVED A COPY
     HEREOF.

     The undersigned hereby expressly releases and discharges the Bank, and each
of its officers,  directors,  employees,  agents and attorneys, from any and all
claims,  actions,  and liabilities of any kind or nature that the undersigned or
any one  claiming  through  or under him ever had or may now have,  whether  now
known or  HEREAFTER  discovered,  arising  out of or in any way  relating to the
lending  RELATIONSHIP BETWEEN THE BANK and the undersigned,  the Guaranties,  or
any course of conduct or obligations  prior to the date of this instrument.  The
undersigned acknowledges and agrees that he has received the

----------
(1)  Capitalized terms used in this Consent without definition have the meanings
     given in the foregoing Third Amendment to Promissory Note.

                                        6
<PAGE>
advice of independent counsel selected by him, or the opportunity to obtain such
advice,  before  entering into this instrument and have no; relied upon the Bane
or airy of its officers,  directors,  employees,  agents or attorneys concerning
any aspect of this instrument.

Dated: October 12, 2000

                                        /s/ Donald D. Cannella, Pres.
                                        ----------------------------------------
                                        Donald D. Cannella

STATE OF COLORADO  )
                   )ss.
COUNTY OF _______  )

     On this day before me, the undersigned notary public,  personally  appeared
Donald  D.  Lamella,  personally  known to me or  proved  to me on the  basis of
satisfactory  evidence to be the person that executed the foregoing Consent, and
acknowledged the Consent to be his free and voluntary act and deed, for the uses
and proposes  therein  mentioned,  and on oath stated that he is  authorized  to
execute this Consent and in fact executed this Consent.

     Given under my hand and official seal this 12th day of October, 2000.

By Claire Jean Cannella                 Residing at 4320 Emerald Dr.
   -------------------------------                  ----------------------------

Notary Public in and for                My commission expires 02/23/2002
the State of Colorado

                                        7
<PAGE>
                             CONSENT OF GUARANTOR(1)

     Pursuant to those certain Guaranties dated December 24, 1997, April 7, 1998
and  August 3, 1998 (the  "Guaranties"),  the  undersigned  has  unconditionally
guaranteed  the payment in full when due of all of Borrower's  Indebtedness  (as
defined in the Guaranties) to Lender. The undersigned hereby:

          (a) consents to the  execution  and delivery by Borrower and Lender of
     the foregoing Third Amendment to Promissory Note (the "Amendment"), and the
     other documents described therein;

          (b) agrees,  confirms and acknowledges  that his obligations under the
     Guaranties  executed  by him:  (i) are in no way  affected  or  impaired by
     reason  of the  execution  and  delivery  of the  Amendment,  and the other
     documents  described  therein,  (ii)  remain in full  force  and  effect in
     accordance with the terms of such Guaranties,  and (iii) continue to secure
     all amounts  outstanding  under the L/C Note, as amended by the  Amendment,
     and the Term Note;

          (c) acknowledge  that there are no existing  offsets,  defenses and/or
     counterclaims  assertable by the  undersigned  relating to his  obligations
     under the Guaranties;

          {d} agrees,  confirms and  acknowledges  that any  indebtedness of the
     Borrower  to the  undersigned,  if any,  is and at all times  shall  remain
     subordinate  to the  indebtedness  of the  Borrower now or hereafter to the
     Bank; and

          (e) ACKNOWLEDGES THAT: (I) HE HAS READ AND UNDERSTOOD THIS CONSENT AND
     THE AMENDMENT IN THEIR  ENTIRETY PRIOR TO SIGNING AND FULLY AGREES TO EACH,
     ALL AND EVERY PROVISION HEREOF AND THEREOF; AND (II) HE HAS RECEIVED A COPY
     HEREOF.

     The undersigned hereby expressly releases and discharges the Bank, and each
of its officers,  directors,  employees,  agents and attorneys, from any and all
claims,  actions,  and liabilities of any kind or nature that the undersigned or
any one  claiming  through  or under him ever had or may now have,  whether  now
known or  hereafter  discovered,  arising  out of or in any way  relating to the
lending  RELATIONSHIP BETWEEN THE BANK AND the undersigned,  the Guaranties,  or
any course of conduct or obligations  prior to the date of this instrument.  The
undersigned acknowledges and agrees that he has received the

----------
(1)  Capitalized teens used in this Consent without definition have the meanings
     given 111 the foregoing Third Amendment to Promissory Note.

                                        8
<PAGE>
advice of independent counsel selected by him, or the opportunity to obtain such
advice,  before entering into this instrument and have not relied upon the Bank-
or any of its officers, directors,  employees, agents or attorneys concerning my
aspect of this instrument.

Dated: October 12, 2000

STATE OF COLORADO  )
                   )ss.
COUNTY OF _______  )

     On this day before me, the undersigned notary public,  personally  appeared
Daniel  J.  Romano,  personally  known  to me or  proved  to me on the  basis of
satisfactory  evidence to be the person that executed the foregoing Consent, and
acknowledged the Consent to be his flee and voluntary act and deed, for the uses
and purposes  therein  mentioned,  and on oath stated that he is  authorized  to
execute this Consent and in fact executed this Consent.

     Given under my hand and official seal this 12th day of October, 2000.

By Claire Jean Cannella                 Residing at 4320 Emerald Dr.
   -------------------------------                  ----------------------------

Notary Public in and for                My commission expires 02/23/2002
the State of ColoradoSEVERANCE AGREEMENT

This  Severance  Agreement  (hereinafter  "Agreement")  is made and entered into
effective as of the 12th day of January, 2001, by and between FutureOne, Inc., a
Nevada  corporation  and  its  affiliates,  subsidiaries  and  related  entities
(hereinafter  referred  to as the  "Company"),  and  Earl J.  Cook  (hereinafter
referred to as "Cook").  The Company and Cook shall  hereinafter  be referred to
collectively as the "Parties."

WHEREAS, Cook and the Company entered into an Employment Agreement,  dated as of
July 27, 1998 (as such agreement has been amended, the "Employment  Agreement"),
pursuant to which the Company  agreed to retain Cook,  and Cook agreed to serve,
as the President and Chief Executive Officer of the Company.

WHEREAS, Cook serves as President and Chief Executive Officer of the Company and
as a member of the Company's Board of Directors.

WHEREAS,  Cook wishes to resign from active  employment with the Company and, in
connection  therewith,  the Company and Cook wish to  terminate  the  Employment
Agreement with the Company effective January 12, 2001 ("Separation  Date");  and
Cook wishes to resign from the Board of  Directors  of the Company  effective on
the Separation Date.

NOW,  THEREFORE,  for  and in  consideration  of the  mutual  agreements  herein
described and agreed to be performed, the Parties agree as follows:

A. CONSIDERATION PAID BY THE COMPANY TO COOK

1.   MONETARY  PAYMENTS AND OTHER  CONSIDERATION.  The Company agrees to provide
     Cook with the  payments  and other items of valuable  consideration  listed
     below:

(a)  The Company shall pay to Cook a total  separation  compensation  of $90,000
     payable in twelve (12) equal monthly  installments of $5,000 each beginning
     February 1, 2001 and twelve (12) equal monthly  installments of $2,500 each
     beginning  February 1, 2002. All amounts  payable  pursuant to this Section
     A.1.(a) shall be considered as wages and may be made in accordance with the
     Company's regular payroll payment dates in effect from time to time.

(b)  Within thirty (30) days following the date of this  Agreement,  the Company
     shall pay to Cook the $10,000 in outstanding Board of Director fees owed to
     Cook.

(c)  All accrued salary payable to Cook as of the Separation  Date shall be paid
     on the next regular scheduled pay day of the Company.

(d)  By January 17, 2001 the Company  shall pay to Cook all amounts due Cook for
     expense  incurred by Cook prior to the date of this  Agreement as submitted
     to the Company on expense  reports or incurred by Cook on personnel  credit
     cards.

(e)  The Company shall pay the premiums for health and dental insurance coverage
     as currently  provided by the Company or under COBRA,  which coverage shall
     be no less than Cook's insurance coverage immediately preceding the date of
     this  Agreement.  Such insurance  coverage shall be provided by the Company
     for Cook's continued benefit and the benefit of his eligible beneficiaries,
     until January 8, 2003.
<PAGE>
(f)  The Company shall  concurrently  with the signing of this Agreement issue a
     Warrant  dated  October 1, 2000 for  1,000,000  fully  vested  warrants  to
     purchase Common Stock of the Company at $.15 per share.  Such Warrant shall
     include all of the same terms and  conditions  as the Warrant  Agreement of
     October 1, 2000 for 2,000,000 shares,  except that it shall be fully vested
     as of the Separation  Date and be at a price of $.15 per share. In exchange
     for the  issuance  of this  Warrant,  Cook  hereby  agrees  to  cancel  and
     surrender the options and warrants specified in Section B 1 (a) below.

B. CONSIDERATION PROVIDED BY COOK TO THE COMPANY

1.   OTHER  CONSIDERATION  Cook  agrees to  provide  the  Company  with items of
     valuable consideration listed below:

(a)  In exchange for the 1,000,000 warrants to be issued to Cook per Section A 1
     (f) above, Cook hereby agrees that the Stock Option grant of 245,000 shares
     issued to him July 18,  1999,  the Warrant  Agreement  for  205,406  shares
     issued  to him as of  September  30,  1998 and the  Warrant  Agreement  for
     2,000,000  shares issued to him October 1, 2000 shall be canceled and of no
     further force and effect as of the Termination Date.

(b)  Cook hereby agrees that for a period of six months,  beginning  February 1,
     2001, he will provide services to the Company, as specifically requested by
     the President or CFO. The Parties  further agree that such services will be
     limited to 40 hours per month,  unless  specifically  waived by. Cook.  The
     Company  may also  request  that such  services  be  provided at any of the
     Company's  offices and the Company  shall  reimburse or pay directly all of
     the out of pocket  expenses  incurred by Cook in performing  such services,
     including  but not limited to travel,  long distance  telephone,  supplies,
     etc.  Cook  agrees  that  all  such  out of  pocket  expenditures  shall be
     reasonable in the normal course of business.

1. MUTUAL RELEASE.  The Company hereby knowingly,  voluntarily,  and irrevocably
releases and discharges Cook, his heirs,  personal  representatives  and assigns
from any and all claims, demands, liabilities, judgements, damages, expenses, or
causes of action of any kind or nature  whatsoever,  arising or  accruing  on or
prior to the date hereof, which the Company may have had or may now or hereafter
have or assert,  whether now known or  unknown;  provided,  however,  the claims
which are waived,  released  and  discharged  pursuant to this  Agreement do not
include any claims related to or arising out of, either  directly or indirectly,
acts or omissions of Cook which constitute willful misconduct, fraud, bad faith,
intentional violations of fiduciary duties, or gross negligence.

2. Cook, together with his heirs,  personal  representative and assigns,  hereby
knowingly, voluntarily, and irrevocably releases and discharges the Company, its
officers, directors, employees, successors and assigns, from any and all claims,
demands,  liabilities,  judgments, damages, expenses, or causes of action of any
kind or nature whatsoever  arising on or accruing on or prior to the date hereof
which Cook may have had or may now or hereafter  have assert,  whether now known
or unknown. This release,  however,  shall not include any of the obligations to
pay Cook for items accruing prior to the Separation Date as specified in Section
A 1 and any claims against Cook related to lease obligations of the Company that
Cook has personally guaranteed.

D.  COMPANY  PROPERTY  AND RETURN OF  PROPERTY.  Cook shall  return all  Company
property,  including,  without  limitation,  equipment,  handbooks  or  manuals,
building  or office  access  cards,  and keys  immediately  upon  request of the
Company. Cook shall retain and is hereby given title to the Nokia cell phone and
IBM Thinkpad now in his possession.

                                        2
<PAGE>
E.  PROPRIETARY  INFORMATION.   All  tangible  material  containing  Proprietary
Information,  whether  created  by Cook or  others,  which  shall  come into his
custody or possession, shall be and are the exclusive property of the Company to
be used by Cook only in the  performance of his post Agreement  services for the
Company.  All such materials or copies thereof and all tangible  property of the
Company in the custody or  possession  of Cook shall be delivered to the Company
on  January  8,  2001.  After  such  delivery,  Cook  shall not  retain any such
materials or copies thereof or any such tangible  property,  except as permitted
by the Company to perform the services required of him under this Agreement.

Cook  agrees that his  obligation  not to  disclose  or to use  information  and
materials of the types set forth above,  and his obligation to return  materials
and  tangible  property,  set  forth  above,  also  extends  to  such  types  of
information,  materials  and  tangible  property of  customers of the Company or
suppliers  to the  Company or other  third  parties  who may have  disclosed  or
entrusted the same to the Company or to Cook.

For purposes of this Agreement, "Proprietary Information" means and includes the
following:  the  identity  of  clients  or  customers  or  potential  clients or
customers of the Company or its affiliates; any written, typed or printed lists,
or other  materials  identifying  the clients or customers of the Company or its
affiliates;  any financial or other information supplied by clients or customers
of the Company or its affiliates;  any and all data or information involving the
Company, its affiliates,  programs, methods, or contacts employed by the Company
or its  affiliates  in the  conduct of their  business;  any  lists,  documents,
manuals, records, forms, or other material used by the Company or its affiliates
in the  conduct  of  their  business;  and  any  other  secret  or  confidential
information concerning the Company's or its affiliates' business or affairs. The
terms "list," "document" or other equivalents, as used in this paragraph are not
limited  to a physical  writing  or  compilation  but also  include  any and all
information whatsoever regarding the subject matter of the "list" or "document,"
whether  or not such  compilation  has been  reduced  to  writing.  "Proprietary
Information" shall not include any information which: (i) is or becomes publicly
available  through no act or failure of Cook; (ii) was or is rightfully  learned
by Cook from a source  other than the Company  before  being  received  from the
Company; or (iii) becomes  independently  available to Cook as a matter of right
from a third  party.  If only a portion  of the  Proprietary  Information  is or
becomes  publicly  available,  then only that portion  shall not be  Proprietary
Information hereunder.

F.  CONFIDENTIAL  MATERIAL.  In the course of Cook's  employment by the Company,
Cook  agrees  that  he had  access  to  secret  or  confidential  technical  and
commercial  information,  business plans and strategies,  financial information,
financial  forecasts,  business  records,  information  regarding  key  business
relationships, records, data, specifications,  systems, methods, plans, designs,
policies,  inventions,  material and other knowledge ("Confidential  Material"),
whether  or  not  copyrighted,   owned  by  the  Company.  Cook  recognizes  and
acknowledges that the Confidential  Material is valuable,  special and unique to
the Company's business.  All such Confidential  Material shall be and remain the
property  of the  Company.  Cook  hereby  affirms  that during the course of his
employment with the Company he has not disclosed any Confidential Information to
any third  party  except  in good  faith and in the  course  of  fulfilling  his
assigned responsibilities. Cook shall not, directly or indirectly, either during
the term of the Agreement or at any time thereafter,  disclose or disseminate to
anyone or make use of, for any purpose  whatsoever,  any Confidential  Material.
Cook  shall not be  deemed  to have  breached  this  Section F if Cook  shall be
specifically  compelled  by  lawful  order  of  any  judicial,  legislative,  or
administrative  authority or body to disclose any Confidential  Material or else
face civil or criminal  penalty or sanction.  The term  "Confidential  Material"
does not  include  information  which  (i) is  currently  or  becomes  generally
available to the public  other than as a result of a disclosure  by Cook or (ii)
becomes  available to Cook on a  nonconfidential  basis from a source other than
the Company or its  representatives  provided that such source is not bound,  to
Cook's knowledge after due inquiry, by a confidentiality  agreement with respect
to such information.

                                        3
<PAGE>
G. NON-COMPETE - NO COMPETITION. Cook agrees that for the period of two (2) year
commencing on the Separation  Date,  unless the Company  breaches one or more of
its payment  obligations  or any  provision of this  Agreement  that contains an
obligation of the Company to Cook,  this  Agreement in which case this Section G
shall no longer be in effect, he shall not engage in, plan for,  organize,  work
for, or assist, directly or indirectly,  any business with operations in Arizona
or Colorado  that is  competitive,  directly or  indirectly,  with the Company's
business, nor solicit participants in or customers of the Company's products and
services,  nor use Cook's knowledge of the Company or its business in any manner
that competes, directly or indirectly,  with, or otherwise may adversely affect,
the  Company.  Cook  expressly  understands  that the Company  has a  legitimate
business purpose in requiring Cook to abide by all of the restrictions described
in this  paragraph.  Cook  acknowledges  that the services he rendered,  and may
render,  to the  Company,  the  information  exchanged  between  all  parties in
connection  with  rendering  those  services,   and  Cook's  and  the  Company's
relationships with the Company's  customers,  consultants,  employees,  vendors,
banks,  accountants,  and any other  Company  product or  service  participants,
purchasers  and  suppliers  are each of a unique and  valuable  character.  Cook
acknowledges  that any  competition by Cook for a two (2) year period  following
the Separation Date would materially and unfairly harm the Company's  ability to
carry out its business

H. RESIGNATIONS. Cook hereby resigns as an officer, director and employee of the
Company and its affiliates effective January 8, 2001. The Company hereby accepts
Cook's voluntary resignation from employment effective January 8, 2001.

I.  TERMINATION  OF  EMPLOYMENT.  The  Company  and Cook  hereby  agree that the
Employment  Agreement is  terminated  as of the date hereof and Cook agrees that
the Company has no obligation or liability  thereunder  and that the Company has
fully performed and fulfilled its obligations thereunder.

J. DIRECTORS' AND OFFICERS' INSURANCE;  INDEMNIFICATION.  To the extent that the
Company maintains an insurance policy or policies providing  liability insurance
for  officers  or  directors  of  the  Company  or   fiduciaries  of  any  other
corporation,  partnership,  joint venture, trust, employee benefit plan or other
enterprise  which such person serves at the request of the Company,  the Company
shall cause Cook to be covered by such policy or policies in accordance with the
terms  thereof to the maximum  extent of the  coverage  available  to all of the
directors  and  officers of the Company  under such policy or  policies.  In the
event that (i) Cook is made a party to, or threatened to be made a party to, any
threatened or pending  action,  suit or  proceeding  brought by any third party,
whether civil, criminal,  administrative or investigative, by reason of the fact
that he was an officer, director,  employee, agent or guarntor of the Company or
an  affiliate  of the  Company or was serving at the request of the Company as a
director,  officer,  employee  or agent of any other  corporation,  partnership,
joint  venture,  trust  or other  enterprise,  and  (ii)  the  Company  provides
indemnification  and/or  defends and holds harmless with respect to such action,
suit or  proceeding  to any other  person  who is or was an  officer,  director,
employee  or agent of the  Company or an  affiliate  of the Company or is or was
serving at the request of the Company as a director,  officer, employee or agent
of any other corporation, partnership, joint venture, trust or other enterprise,
and (iii) the  indemnification  and/or defense and holding harmless  provided to
such  other  person  is  more   favorable   than  the   indemnification   and/or
reimbursement  of expenses to which Cook would be entitled  but for this Section
J, then the  Company  shall  provide  indemnification  and/or  reimbursement  of
expenses (as the case may be) to Cook in the same amount,  at the same time, and
on the same terms and conditions as such indemnification and/or reimbursement of
expenses  are  provided by the Company to such other person or could be provided
to such other person by statute or under the by-laws of the Company.

K. ENTIRE AGREEMENT. This Agreement constitutes the sole and entire agreement of
the  Parties  with  respect  to the  subject  matter  hereof,  and  there are no
agreements of any nature  whatsoever  between the Parties  hereto  regarding the
subject matter hereof. The Parties expressly  acknowledge and agree that certain
Employment Agreement,  upon execution of this Agreement,  be of no further force
or effect.  No provision of this Agreement shall be amended,  waived or modified
except by an instrument in writing, signed by the Parties hereto.

                                        4
<PAGE>
L. ENFORCEABILITY.  This Agreement may be enforced in any jurisdiction within or
outside the United States and this  Agreement  shall  constitute a severable and
enforceable  agreement  in  each  of  such  jurisdictions,  notwithstanding  any
contrary choice of law or venue  provisions set forth herein.  In the event that
any portion of this Agreement is found to be invalid,  illegal or  unenforceable
for any reason whatsoever,  that portion shall be considered to be severable and
the remainder of this  Agreement  shall continue to be in full force and effect.
The parties shall  negotiate in good faith to preserve each Parties  anticipated
benefits hereunder.

M. GOVERNING LAW. This Agreement  shall be governed in all respects,  whether as
to validity,  construction,  capacity, performance, or otherwise, by the laws of
the State of Colorado, without regard to conflict of law principles. The parties
hereto  hereby  consent to  personal  jurisdiction  in any court of  appropriate
subject matter  jurisdiction in which the Company's principal executive officers
are situated.

N. REMEDIES. In the event of default or breach set forth in the above paragraphs
are  intended  to be  non-exclusive,  and either  party may, in addition to such
remedies, seek any additional remedies available either in law or in equity

O. ARBITRATION.  Any dispute or controversy  arising under or in connection with
this Agreement shall be settled by arbitration in Colorado Springs,  Colorado in
accordance with the rules of the American Arbitration Association. Judgement may
be entered on the arbitrator's award in any court having  jurisdiction over this
Agreement.  The  nonprevailing  party shall pay the fees, costs, and expenses of
the arbitration proceeding (including reasonable attorneys' fees).

P. BINDING;  ASSIGNMENT.  The  Agreement  shall be binding upon and inure to the
benefit of the successors and assigns of the parties hereto. No party hereto may
assign or transfer  its rights or delegate its duties or  obligations  hereunder
without  the  prior  written  consent  of the  other  party;  and any  document,
instrument or act for which  consent has not been obtained  purporting to effect
any such assignment, transfer or delegation shall be void.

Q.  CONSTRUCTION.  The parties agree that any rule of construction to the effect
that  ambiguities are to be resolved  against the drafting party shall not apply
in the interpretation of this Agreement or any amendments or exhibits hereto.

R.  COUNTERPARTS.  This Agreement may be executed in any number of counterparts,
and  each  such  counterpart  will be  deemed  to be an  original,  and all such
counterparts shall constitute one and the same instrument.

                            -SIGNATURE PAGE FOLLOWS-

                                        5
<PAGE>
IN WITNESS WHEREOF,  the parties hereto have executed this Agreement on the date
get forth below.

DATED as of the 12th day of January, 2001

FUTUREONE, INC. (A NEVADA CORPORATION)

By: /s/ Donald D. Cannella
    ------------------------------------
    Donald D. Cannella - President/CEO

EARL J. COOK

/s/ Earl J. Cook
----------------------------------------

Notary Public

State of Colorado             )
County of El Paso             )

Sworn and subscribed to me this ____ day of ________ 2001 by Donald D. Cannella,
President/CEO of FutureOne,  Inc. known to me to be the individual subscribed by
said name in and who executed the foregoing  instrument  and  acknowledged  that
they executed same for the uses and purposes therein set forth.

________________________________              My Commission Expires ____________
Notary Public

State of Colorado             )
County of El Paso             )

Sworn and  subscribed  to me this ____ day of ________  2001 by Earl J. Cook and
known to me to be the individual subscribed by said name in and who executed the
foregoing  instrument and acknowledged  that they executed same for the uses and
purposes therein set forth.

________________________________              My Commission Expires ____________

                                        6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00019-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00019-of-00352.parquet"}]]