Document:

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                                                                  EXHIBIT 10 (d)

                                   MASTER NOTE

U.S. $2,250,000,000                                            November 20, 2001

FOR VALUE RECEIVED, Xerox Corporation, a New York corporation ("Xerox"), hereby
promises to pay to the order of Xerox Credit Corporation, a Delaware corporation
("XCC"), ON DEMAND, in lawful money of the United States of America, at such
place as XCC may from time to time designate to Xerox, the lesser of (i) the
principal sum of U.S. $2,250,000,000 or (ii) the aggregate unpaid principal
balance of all indebtedness of Xerox to XCC on account of loans from time to
time made by XCC to Xerox under this Master Note (each a "Loan" and collectively
the "Loans").

Xerox promises to pay interest on the unpaid principal amount of each Loan, from
the date of such Loan until the principal amount thereof is paid in full, at an
annual interest rate equal to the result of: adding the H.15 Two-Year Swap Rate
and H.15 Three-Year Swap Rate and dividing by two (2) and then adding 2.00% (200
basis points). Interest on outstanding principal of each Loan will be calculated
monthly (an "Interest Period") and payable quarterly on March 31, June 30,
September 30 and December 31 of each year (each an "Interest Payment Date") and
at the date of repayment, if not an Interest Payment Date. Interest will be
calculated on the basis of the actual number of days elapsed in a year of 360
days.

"H.15 Two-Year Swap Rate" means, with respect to an Interest Period for a Loan,
the rate which appears in the relevant H.15 Release under the heading "Interest
Rate Swaps", "H15I2Y 2-Year" and "Week Ending" immediately prior to publication
of such H.15 Release. "H.15 Three-Year Swap Rate" means, with respect to an
Interest Period for a Loan, the rate which appears in the relevant H.15 Release
under the heading "Interest Rate Swaps", "H15I3Y 3-Year" and "Week Ending"
immediately prior to publication of such H.15 Release. "H.15 Release" means the
weekly statistical release designated as such, or any successor publication,
published by the Federal Reserve System Board of Governors. The "relevant H.15
Release" for an Interest Period shall be the H.15 Release published on the
second to the last Monday of such Interest Period and the interest rate
calculated using such H.15 Release shall be applicable to the entire such
Interest Period. If the relevant H.15 Release for an Interest Period is not
published for any reason, then the interest rate applicable for such Interest
Period shall be the interest rate in effect for the immediately preceding
Interest Period. The interest rate in effect from time to time hereunder shall
be determined by XCC, whose determination of such rate shall be conclusive
absent manifest error.

If any Interest Payment Date or repayment date falls on a date which is not a
Business Day, then the payment(s) due on such date shall be due on the preceding
Business Day, with no adjustment to interest periods. For purposes of this
Master Note, a Business Day shall be any day other than a Saturday, Sunday or
other day on which commercial banks are required or authorized to close in New
York, New York.

Xerox may, at any time and from time to time, repay the outstanding principal
amount of the Loans, in whole or in part, together with accrued interest to the
date of such repayment on the principal amount prepaid. Amounts repaid under
this Master Note may be reborrowed, with the consent of XCC.

XCC is hereby authorized by Xerox to endorse on the schedule forming a part of
this Master Note appropriate notations evidencing the date and amount of

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each Loan, the monthly interest rate, the date and amount of each payment of
principal made by Xerox with respect to such Loan and the unpaid aggregate
principal amount of all the Loans. XCC is hereby authorized by Xerox to attach
to and make a part hereof a continuation of such schedule as and when required
pursuant to the terms of this Master Note. The information endorsed by XCC on
the schedule forming a part of this Master Note shall be prima facie evidence of
the matters covered thereby in the absence of manifest error; provided, however,
that the failure to endorse, or any error in endorsing, any such information on
such schedule shall not affect the obligation of Xerox hereunder to repay the
principal amount of each Loan made by XCC to Xerox and to pay accrued interest
thereon.

Any amount due to XCC under this Master Note that is not paid when due shall
bear interest at a rate per annum equal to the sum of the interest rate then in
effect with respect to such amount plus 2.00%. Such interest shall be computed
on the basis of the actual number of days elapsed in a year of 360 days and
shall be payable on demand.

This Master Note and the rights of XCC hereunder may not be assigned or
otherwise transferred without the prior written consent of Xerox.

The obligations of Xerox hereunder shall be governed by the laws of the State of
New York without regard to the principles of conflict of laws thereof (other
than General Obligations Law (S)5-1401).

IN WITNESS WHEREOF, the undersigned has executed this Master Note as of the date
first written above.

                                        XEROX CORPORATION

                                        By:  /s/ Gregory B. Tayler
                                             ---------------------------
                                             Name:  Gregory B. Tayler
                                             Title: Vice President and Treasurer

                           SCHEDULE

                   Aggregate                    Amount of
                   Outstanding       Interest   Principal   Notation
Date    Amount     Principal Amount  Rate       Repaid      Made By
----    ------     ----------------  --------   ---------   --------

                                     Page 2Exhibit 10.1

                         TERMINATION BENEFITS AGREEMENT

         THIS TERMINATION BENEFITS AGREEMENT dated as of this __ day of March,
2001, by and between Global Seafood Technologies, Inc., a Nevada corporation,
having its principal executive offices at 555 Bayview Avenue, Biloxi Mississippi
39530 (the "Company"), and Brent Gutierrez, an individual whose mailing address
is 9460 Oak Pointe Drive, Gulfport, Mississippi 39503 ("Executive").

                                    Recitals:

         A. The Executive has for many years served the Company as a key
executive officer and has helped guide
the Company through many issues.

         B. The Executive has been undercompensated during his tenure as an
officer of the Company, having declined to demand normal salary and bonuses in
order to permit the Company to retain more resources to fund its growth.

         C. The Executive is expected to continue to make a major contribution
to the profitability, growth, and financial strength of the Company.

         D. The Company considers the continued services of the Executive to be
in the best interest of the Company and its shareholders and desires to assure
the continued services of the Executive on behalf of the Company on an objective
and impartial basis and without distraction or conflict of interest in the event
of an attempt to obtain control of the Company.

         E. The Executive is willing to remain in the employ of the Company upon
the understanding that the Company will provide income security upon the terms
and subject to the conditions contained herein if the Executive's employment is
terminated voluntarily for good reason or involuntarily by the Company without
good reason.

                                    Agreement

         In consideration of the premises and the mutual covenants and
agreements hereinafter set forth, the Company and the Executive agree as
follows:

1. Undertaking. The Company agrees to pay to the Executive the termination
benefits specified in paragraph 2 hereof if a Change of Control (as defined in
paragraph 3.1 hereof) occurs and within three (3) years after the Change of
Control occurs (i) the Company terminates the employment of the Executive for
any reason other than cause (as defined in paragraph 3.2 hereof), death, the
Executive's attainment of age sixty-five (65) or total and permanent disability,
or (ii) the Executive voluntarily terminates employment for good reason (as
defined in paragraph 3.3 hereof).

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2. Termination Benefits. If the Executive is entitled to termination benefits
pursuant to paragraph 1 hereof, the Company agrees to pay to the Executive as
termination compensation in a lump-sum payment within five (5) calendar days of
the termination of the Executive's employment an amount to be computed by
multiplying (i) the Executive's average annual compensation payable by the
Company which was included in the gross income of the Executive for the most
recent five (5) calendar years ending coincident with or immediately before the
date on which control of the Company is acquired (or such portion of such period
during which the Executive was an employee of the Company), by (ii) two hundred
ninety-nine percent (299%). For purposes of this Agreement, employment and
compensation paid by any direct or indirect subsidiary of the Company will be
deemed to be employment and compensation paid by the Company. In the event such
payment is not made in full when due, interest shall accrue on the unpaid
portion at the rate of (18%) eighteen percent per annum, until paid in full.

3. Definitions.

         3.1 Change of Control. As used in this Agreement, a "Change of Control"
means:

         (a)      The acquisition by any individual, entity or group (within the
                  meaning of Section 13(d)(3) or 14(d)(2) of the Securities
                  Exchange Act of 1934, as amended (the "Exchange Act") and the
                  regulations promulgated thereunder (a "Person") of beneficial
                  ownership (within the meaning of Rule 13d-3 promulgated under
                  the Exchange Act) of 50% or more of either (i) the then
                  outstanding shares of common stock of the Company (the
                  "Outstanding Company Common Stock") or (ii) the combined
                  voting power of the then outstanding voting securities of the
                  Company entitled to vote generally in the election of
                  directors (the "Outstanding Company Voting Securities");
                  provided, however, that the following acquisitions shall not
                  constitute a Change of Control: (i) any acquisition by the
                  Company, (ii) any acquisition by any employee benefit plan (or
                  related trust) sponsored or maintained by the Company or any
                  corporation controlled by the Company or (iii) any acquisition
                  by any corporation pursuant to a reorganization, merger or
                  consolidation, if, following such reorganization, merger or
                  consolidation, the conditions described in clauses (i), (ii)
                  and (iii) of subsection (c) of this Section 3.1 are satisfied;
                  or

         (b)      Individuals who, as of the date hereof, constitute the Board
                  of Directors (the "Incumbent Board") cease for any reason to
                  constitute at least a majority of the Board of Directors (the
                  "Board"); provided, however, that any individual becoming a
                  director subsequent to the date hereof whose election, or

                                      -2-
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                  nomination for election by the Company's shareholders, was
                  approved by a vote of at least a majority of the directors
                  then comprising the Incumbent Board shall be considered as
                  though such individual were a member of the Incumbent Board,
                  but excluding, for this purpose, any such individual whose
                  initial assumption of office occurs as a result of either an
                  actual or threatened election contest (as such terms are used
                  in former Rule 14a-11 of Regulation 14A promulgated under the
                  Exchange Act) or other actual or threatened solicitation of
                  proxies or consents by or on behalf of a Person other than the
                  Board; or

         (c)      Approval by the shareholders of the Company of a
                  reorganization, merger or consolidation, in each case, unless,
                  following such reorganization, merger or consolidation, (i)
                  more than 80 percent of, respectively, the then outstanding
                  shares of common stock of the corporation resulting from such
                  reorganization, merger or consolidation and the combined
                  voting power of the then outstanding voting securities of such
                  corporation entitled to vote generally in the election of
                  directors is then beneficially owned, directly or indirectly,
                  by all or substantially all of the individuals and entities
                  who were the beneficial owners, respectively, of the
                  Outstanding Company Common Stock and Outstanding Company
                  Voting Securities immediately prior to such reorganization,
                  merger or consolidation in substantially the same proportions
                  as their ownership, immediately prior to such reorganization,
                  merger or consolidation, of the Outstanding Company Common
                  Stock and Outstanding Company Voting Securities, as the case
                  may be, (ii) no Person (excluding the Company, any employee
                  benefit plan (or related trust) of the Company or such
                  corporation resulting from such reorganization, merger or
                  consolidation and any Person beneficially owning, immediately
                  prior to such reorganization, merger or consolidation,
                  directly or indirectly, 20 percent or more of the Outstanding
                  Company Common Stock or Outstanding Voting Securities, as the
                  case may be) beneficially owns, directly or indirectly, 20
                  percent or more of, respectively, the then outstanding shares
                  of common stock of the corporation resulting from such
                  reorganization, merger or consolidation or the combined voting
                  power of the then outstanding voting securities of such
                  corporation entitled to vote generally in the election of
                  directors and (iii) at least a majority of the members of the
                  board of directors of the corporation resulting from such
                  reorganization, merger or consolidation were members of the
                  Incumbent Board at the time of the execution of the initial
                  agreement providing for such reorganization, merger or
                  consolidation; or

                                      -3-
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         (d)      Approval by the shareholders of the Company of (i) a complete
                  liquidation or dissolution of the Company or (ii) the sale or
                  other disposition of all or substantially all of the assets of
                  the Company, other than to a corporation, with respect to
                  which following such sale or other disposition, (A) more than
                  80 percent of, respectively, the then outstanding shares of
                  common stock of such corporation and the combined voting power
                  of the then outstanding voting securities of such corporation
                  entitled to vote generally in the election of directors is
                  then beneficially owned, directly or indirectly, by all or
                  substantially all of the individuals and entities who were the
                  beneficial owners, respectively, of the Outstanding Company
                  Common Stock and Outstanding Company Voting Securities
                  immediately prior to such sale or other disposition in
                  substantially the same proportion as their ownership,
                  immediately prior to such sale or other disposition, of the
                  Outstanding Company Common Stock and Outstanding Company
                  Voting Securities, as the case may be, (B) no Person
                  (excluding the Company and any employee benefit plan (or
                  related trust) of the Company or such corporation and any
                  Person beneficially owning, immediately prior to such sale or
                  other disposition, directly or indirectly, 20 percent or more
                  of the Outstanding Company Common Stock or Outstanding Company
                  Voting Securities, as the case may be) beneficially owns,
                  directly or indirectly, 20 percent or more of, respectively,
                  the then outstanding shares of common stock of such
                  corporation and the combined voting power of the then
                  outstanding voting securities of such corporation entitled to
                  vote generally in the election of directors and (C) at least a
                  majority of the members of the board of directors of such
                  corporation were members of the Incumbent Board at the time of
                  the execution of the initial agreement or action of the Board
                  providing for such sale or other disposition of assets of the
                  Company.

         3.2 Cause. As used in this Agreement, the term "cause" means an act or
acts of dishonesty by the Executive constituting a felony under applicable law
and resulting or intending to result directly or indirectly in gain to or
personal enrichment of the Executive at the Company's expense. Notwithstanding
the foregoing, the Executive shall not be deemed to have been terminated for
cause unless and until there shall have been delivered to the Executive a copy
of a resolution duly adopted by the affirmative vote of not less than a majority
of the Board called and held for the purpose (after reasonable notice and
opportunity for the Executive, together with counsel, to be heard before the
Board), finding that in the good faith opinion of the Board the Executive was
guilty of conduct set forth above in the first sentence of this subsection and
specifying the particulars thereof in detail.

                                       -4-
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         3.3 Good Reason. As used in this Agreement, the term "good reason"
means, without the Executive's written consent, (i) a change in status, position
or responsibilities which, in the Executive's reasonable judgment, does not
represent a promotion from existing status, position or responsibilities as in
effect immediately prior to the Change of Control; the assignment of any duties
or responsibilities which, in the Executive's reasonable judgment, are
inconsistent with such status, position or responsibilities; or any removal from
or failure to reappoint or reelect the Executive to any of such positions,
except in connection with the termination for total and permanent disability,
death or cause or by him other than for good reason; (ii) a reduction by the
Company in the Executive's base salary as in effect on the date hereof or as the
same may be increased from time to time during the term of this Agreement or the
Company's failure to increase (within twelve (12) months of the Executive's last
increase in base salary) the Executive's base salary after a Change of Control
in an amount which at least equals, on a percentage basis, the average
percentage increase in base salary for all executive and senior officers of the
Company effected in the preceding twelve (12) months; (iii) the relocation of
the Company's principal executive offices to a location outside the Biloxi,
Mississippi metropolitan area or the relocation of the Executive by the Company
to any place other than the location at which the Executive performed duties
prior to a Change of Control, except for required travel on the Company's
business to an extent substantially consistent with business travel obligations
at the time of a Change of Control; (iv) the failure of the Company to continue
in effect any incentive, bonus or other compensation plan in which the Executive
participates, including but not limited to the Company's stock option and
restricted stock plans, unless an equitable arrangement (embodied in an ongoing
substitute or alternative plan), evidenced by the Executive's written consent,
has been made with respect to such plan in connection with the Change of
Control, or the failure by the Company to continue the Executive's participation
therein, or any action by the Company which would directly or indirectly
materially reduce participation therein; (v) the failure by the Company to
continue to provide the Executive with benefits substantially similar to those
enjoyed or entitled under any of the Company's pension, profit sharing, life
insurance, medical, dental, health and accident, or disability plans at the time
of a Change of Control, the taking of any action by the Company which would
directly or indirectly materially reduce any of such benefits or deprive the
Executive of any material fringe benefit enjoyed or entitled to at the time of
the Change of Control, or the failure by the Company to provide the number of
paid vacation and sick leave days to which the Executive is entitled on the
basis of years of service with the Company in accordance with the Company's
normal vacation policy in effect on the date hereof; (vi) the failure of the
Company to obtain a satisfactory agreement from any successor or assign of the
Company to assume and agree to perform this Agreement; (vii) any purported
termination of the Executive's employment which is not effected pursuant to
paragraph 4.3 hereof (and, if applicable, paragraph 3.2 hereof); and for
purposes of this Agreement, no such purported termination shall be effective; or
(viii) any request by the Company that the Executive participate in an unlawful
act or take any action constituting a breach of the Executive's professional
standard of conduct. Notwithstanding anything in this paragraph 3.3) to the
contrary, the Executive's right to terminate the employment pursuant to this
paragraph 3.3 shall not be affected by incapacity due to physical or mental
illness.

                                      -5-
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4. Additional Provisions.

         4.1 Enforcement of Agreement. The Company is aware that upon the
occurrence of a Change of Control the Board of Directors or a shareholder of the
Company may then cause or attempt to cause the Company to refuse to comply with
its obligations under this Agreement, or may cause or attempt to cause the
Company to institute, or may institute litigation seeking to have this Agreement
declared unenforceable, or may take or attempt to take other action to deny the
Executive the benefits intended under this Agreement. In these circumstances,
the purpose of this Agreement could be frustrated. It is the intent of the
Company that the Executive not be required to incur the expenses associated with
the enforcement of any rights under this Agreement by litigation or other legal
action, nor be bound to negotiate any settlement of any rights hereunder,
because the cost and expense of such legal action or settlement would
substantially detract from the benefits intended to be extended to the Executive
hereunder. Accordingly, if following a Change of Control it should appear to the
Executive that the Company has failed to comply with any of its obligations
under this Agreement or in the event that the Company or any other person takes
any action to declare this Agreement void or enforceable, or institutes any
litigation or other legal action designed to deny, diminish or to recovery from
the Executive the benefits entitled to be provided to the Executive hereunder,
and that Executive has complied with all obligations under this Agreement, the
Company irrevocably authorizes the Executive from time to time to retain counsel
of the Executive's choice, at the expense of the Company as provided in this
paragraph 4.1, to represent the Executive in connection with the initiation or
defense of any litigation or other legal action, whether such action is by or
against the Company or any director, officer, shareholder, or other person
affiliated with the Company, in any jurisdiction. Notwithstanding any existing
or prior attorney-client relationship between the Company and such counsel, the
Company irrevocably consents to the Executive entering into an attorney-client
relationship with such counsel, and in that connection the Company and the
Executive agree that a confidential relationship shall exist between the
Executive and such counsel. The reasonable fees and expenses of counsel selected
from time to time by the Executive as hereinabove provided shall be paid or
reimbursed to the Executive by the Company on a regular, periodic basis upon
presentation by the Executive of a statement or statements prepared by such
counsel in accordance with its customary practices, up to a maximum aggregate
amount of $500,000. Any legal expenses incurred by the Company by reason of any
dispute between the parties as to enforceability of or the terms contained in
this Agreement, notwithstanding the outcome of any such dispute, shall be the
sole responsibility of the Company, and the Company shall not take any action to
seek reimbursement from the Executive for such expenses.

         4.2 Severance Pay; No Duty to Mitigate. The amounts payable to the
Executive under this Agreement shall not be treated as damages but as severance
compensation to which the Executive is entitled by reason of termination of
employment in the circumstances contemplated by this Agreement. The Company
shall not be entitled to set off against the amounts payable to the Executive of
any amounts earned by the Executive in other employment after termination of
employment with the Company, or any amounts which might have been earned by the
Executive in other employment had other such employment been sought.

                                      -6-
<PAGE>

         4.3 Notice of Termination. Any purported termination by the Company or
by the Executive shall be communicated by written Notice of Termination to the
other party hereto in accordance with paragraph 4.11 hereof. For purposes of
this Agreement, a "Notice of Termination" shall mean a notice which shall
indicate the specific termination provision in this Agreement relied upon and
shall set forth in reasonable detail the facts and circumstances claimed to
provide a basis for termination of his employment under the provision so
indicated. For purposes of this Agreement, no such purported termination shall
be effective without such Notice of Termination.

         4.4 Internal Revenue Code. Anything in this Agreement to the contrary
notwithstanding, in the event that HJ & Associates, L.L.C., Certified Public
Accountants, of Salt Lake City, Utah, or any successor firm appointed by the
Company for the purpose of auditing its books (the "Auditor") determines that
the payment by the Company to or for the benefit of the Executive, whether paid
or payable pursuant to the terms of this Agreement, would be non-deductible by
the Company for federal income tax purposes because of Section 280G of the
Internal Revenue Code of 1986, as amended (the "Code"), then the amount payable
to or for the benefit of the Executive pursuant to this Agreement (the
"Agreement Payments") shall be reduced (but not below zero) to the Reduced
Amount. For purposes of this paragraph 4.4, the "Reduced Amount" shall be the
amount which maximizes the amount payable without causing the payment to be
nondeductible by the Company because of Section 280G of the Code.

         4.5 Assignment. This Agreement shall inure to the benefit of and be
binding upon the parties hereto and their respective executors, administrators,
heirs, personal representatives, successors, and assigns, but neither this
Agreement nor any right hereunder may be assigned or transferred by either party
hereto, any beneficiary, or any other person, nor be subject to alienation,
anticipation, sale, pledge, encumbrance, execution, levy, or other legal process
of any kind against the Executive, his beneficiary or any other person.
Notwithstanding the foregoing, the Company will assign this Agreement to any
corporation or other business entity succeeding to substantially all of the
business and assets of the Company by merger, consolidation, sale of assets, or
otherwise and shall obtain the assumption of this Agreement by such successor.

         4.6 Entire Agreement. This Agreement contains the entire Agreement
between the parties with respect to the subject matter hereof. All
representations, promises, and prior or contemporaneous understandings among the
parties with respect to the subject matter hereof are merged into and expressed
in this Agreement, and any and all prior agreements between the parties with
respect to the subject matter hereof are hereby canceled.

         4.7 Amendment. This Agreement shall not be amended, modified, or
supplemented without the written agreement of the parties at the time of such
amendment, modification, or supplement.

                                      -7-
<PAGE>

         4.8 Governing Law. This Agreement shall be governed by and subject to
the laws of Nevada.

         4.9 Severability. The invalidity or unenforceability of any particular
provision of this particular Agreement shall not affect the other provisions,
and this Agreement shall be construed in all respects as if such invalid or
unenforceable provision has not been contained herein.

         4.10 Captions. The captions in this Agreement are for convenience and
identification purposes only, are not an integral part of this Agreement, and
are not to be considered in the interpretation of any part hereof.

         4.11 Notices. Except as specifically set forth in this Agreement, all
notices and other communications hereunder shall be in writing and shall be
deemed to have been duly given if delivered in person or sent by registered or
certified mail, postage prepaid, addressed as set forth above, or to such other
address as shall be furnished in writing by any party to the others.

         4.12 Waivers. Except as otherwise specifically provided in this
Agreement, no waiver by either party hereto of any breach by the other party
hereto of any condition or provision or condition of this Agreement to be
performed by such other party shall be deemed to be a valid waiver unless such
waiver is in writing or, even if in writing, shall be deemed to be a waiver of a
subsequent breach of such condition or provision or a waiver of a similar or
dissimilar provision or condition at the same or at any prior or subsequent
time.

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
day and year first above written.

                                          COMPANY:

                                          GLOBAL SEAFOOD TECHNOLOGIES, INC.,
                                                   a Nevada corporation

                                          By: __________________________________
                                              Its: _____________________________

                                          EXECUTIVE:

                                              __________________________________
                                              BRENT GUTIERREZ
21/11179/D/10
                                      -8-

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