Document:

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                                                                   EXHIBIT 10.1

                             U.S. $2,817,426,000

                           NATIONAL RURAL UTILITIES
                       COOPERATIVE FINANCE CORPORATION

                         Medium-Term Notes, Series L

                         CALCULATION AGENT AGREEMENT

                    This AGREEMENT dated January 22, 2001, between National
             Rural Utilities Cooperative Finance Corporation, a District of
             Columbia cooperative association (hereinafter called the
             "Issuer"), whose principal office is at Woodland Park, 2201
             Cooperative Way, Herndon, Virginia 20171, and Lehman Brothers
             Inc., a Delaware corporation (hereinafter sometimes called the
             "Calculation Agent" which term shall, unless the context shall
             otherwise require, include its successors and assignees), whose
             principal office is at 3 World Financial Center, New York, New
             York 10285-0900.

      WHEREAS (A) The Issuer proposes to issue from time to time an aggregate
principal amount of up to $2,817,426,000 of Medium-Term Notes, Series C (the
"Notes") entitled to the benefits of the Indenture dated as of December 15,
1987 (as supplemented by the First Supplemental Indenture dated as of October
1, 1990 and as it may be supplemented or amended from time to time, the
"Indenture"), between the Issuer and The Bank of New York, as successor
Trustee;

      (B) Each Note will bear interest at either (a) a fixed rate or (b) a
floating rate determined by reference to an interest rate formula (the
"Floating Rate Notes");

      NOW IT IS HEREBY AGREED THAT,

      1.     Terms defined in the "Description of Securities" and "Description
of the Medium-Term Notes" shall bear the same meanings herein unless the
context otherwise requires. The "Description of Debt Securities" means the
terms and conditions of the Notes as set forth in the Prospectus, dated
December 15, 2000, as supplemented by a Prospectus Supplement, dated January
22, 2001, relating to the Notes. The "Description of the Medium-Term Notes"
means

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the terms and conditions of the Notes as set forth in the Prospectus
Supplement, dated January 22, 2001, relating to the Notes. Such Prospectus
Supplement will be supplemented or amended by one or more Pricing Supplements
(each a "Supplement") setting forth additional terms and conditions of the
Notes.

             2.     The Issuer hereby appoints Lehman Brothers Inc. as
Calculation Agent for the Notes, upon the terms and subject to the conditions
herein mentioned, and Lehman Brothers Inc. hereby accepts such appointment.
The Calculation Agent shall act as an agent of the Issuer for the purpose of
determining the interest rate of the Floating Rate Notes in accordance with
the Description of the Medium-Term Notes and the provisions of this Agreement.

             3.     The Calculation Agent shall calculate the applicable
interest rates for the Floating Rate Notes in accordance with the provisions
set forth in the Prospectus Supplement relating to the Notes dated January 22,
2001, under the heading "Description of the Medium-Term Notes--Floating Rate
Notes" which provisions are incorporated by reference herein as if set forth
in full in this Agreement.

             4.     In no event shall the interest rate be less than the
floor, if any, or more than the ceiling, if any, designated in the applicable
Supplement.

             5.     The Calculation Agent will, as soon as practicable after
(i) 3:00 p.m., New York City time, on the Calculation Date pertaining to each
Interest Determination Date relating to Commercial Paper Rate Notes, Fed
Funds Rate Notes, CD Rate Notes and Treasury Rate Notes or (ii) 11:00 a.m.,
London time, on each Interest Determination Date relating to LIBOR Notes,
determine (and notify the Issuer and the Trustee of) the interest rate
applicable during the next succeeding interest period (if the interest rate
cannot be determined in accordance with the provisions set forth in the
Prospectus Supplement relating to the Notes dated January 22, 2001, in clause
(i) under the heading "Description of the Medium-Term Notes--Floating Rate
Notes--LIBOR", the Calculation Agent agrees to determine (and notify the Issuer
and Trustee of) the interest rate in accordance with the provisions in clause
(ii) of such heading).

             6.     As soon as determined after each Interest Determination
Date, the Calculation Agent will cause to be forwarded to the Issuer, the
Trustee and the Paying Agent information regarding the interest rates and the
interest

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periods for each interest period and the relevant Interest Payment Date.

             7.     The Issuer will pay such compensation as shall be agreed
upon and the expenses, including reasonable counsel fees, properly incurred by
the Calculation Agent in connection with its duties hereunder, upon receipt of
such invoices as the Issuer shall reasonably require.

             8.     The Issuer will indemnify the Calculation Agent against
any losses, liabilities, costs, claims, actions or demands which it may incur
or sustain or which may be made against it in connection with its appointment
or the exercise of its powers and duties hereunder as well as the reasonable
costs, including the expenses and fees of counsel in defending any claim,
action or demand, except such as may result from the negligence, wilful
default or bad faith of the Calculation Agent or any of its employees. The
Calculation Agent shall incur no liability and shall be indemnified and held
harmless by the Issuer for, or in respect of, any actions taken or suffered to
be taken in good faith by the Calculation Agent in reliance upon (i) the
written opinion or advice of counsel or (ii) written instructions from the
Issuer.

             9.     The Calculation Agent accepts its obligations herein (and
agrees to act in good faith in the performance of its obligations) set forth
upon the terms and conditions hereof, including the following, to all of which
the Issuer agrees:

             (i) in acting under this Agreement and in connection with the
      Notes, the Calculation Agent, acting as agent for the Issuer, does not
      assume any obligation towards, or any relationship of agency or trust
      for or with, any of the holders of the Notes;

             (ii) unless herein otherwise specifically provided, any order,
      certificate, notice, request or communication from the Issuer made or
      given under any provision of this Agreement shall be sufficient if
      signed by any person whom the Calculation Agent reasonably believes to
      be a duly authorized officer of the Issuer;

             (iii) the Calculation Agent shall be obligated to perform only
      such duties as are set forth specifically herein and any duties
      necessarily incidental thereto; and

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             (iv) the Calculation Agent shall be protected and shall incur no
      liability for or in respect of any action taken or omitted to be taken by
      it in reliance upon anything contained in a Floating Rate Note, the
      Description of Securities, the Description of the Medium-Term Notes or one
      or more Prospectus Supplements.

             10.    (A) The Issuer agrees to notify the Calculation Agent at
least five London Business Days prior to the issuance of any LIBOR Note. The
Calculation Agent agrees to select four Reference Banks prior to the issuance
of the first LIBOR Note by the Issuer; to make all appropriate arrangements
for such banks to act as Reference Banks; and to notify the Issuer, the
Trustee and each of the Agents as to the names and addresses of such Reference
Banks. The Calculation Agent covenants that, for so long as it is required so
to do in accordance with the applicable Description of the Medium-Term Notes
it shall ensure that there shall at all times be four Reference Banks.
Forthwith upon any change in the identity of the Reference Banks the
Calculation Agent shall notify the Issuer, the Trustee and the Agents of such
change. If fewer than two Reference Banks are quoting, the Calculation Agent
agrees to select three major banks in The City of New York in accordance with
the applicable Description of the Medium-Term Notes. The Calculation Agent
shall not be responsible to the Issuer or any third party for any failure of
the Reference Banks to fulfill their duties or meet their obligations as
Reference Banks or as a result of the Calculation Agent having acted (except
in the event of negligence, wilful default or bad faith) on any certificate
given by any Reference Bank which subsequently may be found to be incorrect.

                    (B) If necessary, in accordance with the provisions set
forth in the Prospectus Supplement relating to the Notes dated January 22,
2001, under the Heading "Description of the Medium-Term Notes--Floating Rate
Notes--Prime Rate", the Calculation Agent agrees to select a substitute major
bank or trust company (meeting the requirements specified under such heading).
The Calculation Agent shall not be responsible to the Issuer or any third
party for the failure of such bank or trust company to fulfill any duty or
obligation contemplated under such heading.

                    (C) Except as provided below, the Calculation Agent may at
any time resign as Calculation Agent by giving written notice to the Issuer
and the Trustee of such intention on its part, specifying the date on which
its desired resignation shall become effective, provided that such

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notice shall be given not less than two months prior to the said effective
date unless the Issuer and the Trustee otherwise agree in writing. Except as
provided below, the Calculation Agent may be removed by the filing with it of
an instrument in writing signed by the Issuer specifying such removal and the
date when it shall become effective (such effective date being at least 20
days after said filing). Such resignation or removal shall take effect upon:

             (i) the appointment by the Issuer as hereinafter provided of a
      successor Calculation Agent approved by the Trustee, which shall be a
      responsible financial firm or institution having an established place of
      business in The City of New York;

             (ii) the acceptance of such appointment by such successor
      Calculation Agent; and

             (iii) the giving of notice of such appointment to the holders of
      the Notes, provided that if the Calculation Agent fails duly to
      establish the amount of interest for any interest period, such removal
      will take effect immediately upon such appointment of, and acceptance
      thereof by, a successor Calculation Agent approved by the Trustee and
      qualified as aforesaid, in which event notice of such appointment shall
      be given to the holders of the Notes as soon as practicable thereafter.
      Upon its resignation or removal becoming effective, the retiring
      Calculation Agent shall be entitled to the payment of its compensation
      and the reimbursement of all expenses incurred by such retiring
      Calculation Agent pursuant to paragraph 7 hereof.

             (D) If at any time the Calculation Agent shall resign or be
removed, or shall become incapable of acting or shall be adjudged bankrupt or
insolvent, or liquidated or dissolved, or an order is made or an effective
resolution is passed to wind up the Calculation Agent, or if the Calculation
Agent shall file a voluntary petition in bankruptcy or make an assignment for
the benefit of its creditors, or shall consent to the appointment of a
receiver, administrator or other similar official of all or any substantial
part of its property, or shall admit in writing its inability to pay or meet
its debts as they mature, or if a receiver, administrator or other similar
official of the Calculation Agent or of all or any substantial part of its
property shall be appointed, or if any order of any court shall be entered
approving any petition filed by or against the Calculation Agent under the
provisions of any applicable bankruptcy or insolvency law, or if any public
officer shall

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take charge or control of the Calculation Agent or its property or affairs for
the purpose of rehabilitation, conservation or liquidation, then a successor
Calculation Agent, approved by the Trustee, shall be appointed by the Issuer
by an instrument in writing filed with the successor Calculation Agent. Upon
the appointment as aforesaid of a successor Calculation Agent and acceptance
by the latter of such appointment and (except in cases of removal for failure
to establish the amount of interest) the giving of notice to the holders of
the Notes, the former Calculation Agent shall cease to be Calculation Agent
hereunder.

             (E) Any successor Calculation Agent appointed hereunder shall
execute and deliver to its predecessor and the Issuer an instrument, in the
form acceptable to the Trustee, accepting such appointment hereunder, and
thereupon such successor Calculation Agent, without any further act, deed or
conveyance, shall become vested with all the authority, rights, powers,
trusts, immunities, duties and obligations of such predecessor with like
effect as if originally named as the Calculation Agent hereunder, and such
predecessor shall thereupon become obliged to transfer and deliver, and such
successor Calculation Agent shall be entitled to receive, copies of any
relevant records maintained by such predecessor Calculation Agent.

             (F) Any corporation into which the Calculation Agent may be
merged or converted or any corporation with which the Calculation Agent may be
consolidated or any corporation resulting from any merger, conversion or
consolidation to which the Calculation Agent shall be a party shall, to the
extent permitted by applicable law and provided that it shall be a responsible
financial firm or institution having an established place of business in The
City of New York, be the successor Calculation Agent under this Agreement
without the execution or filing of any paper or any further act on the part of
any of the parties hereto. Notice of any such merger, conversion or
consolidation shall forthwith be given to the Issuer and the Trustee.

             11. Any notice required to be given hereunder shall be delivered
in person, sent by letter or telex or communicated by telephone (subject, in
the case of communication by telephone, to confirmation dispatched within two
business days by letter or telex), in the case of the Issuer, to it at
Woodland Park, 2201 Cooperative Way, Herndon, Virginia 20171, Attention: Chief
Financial Officer; in the case of the Calculation Agent, to it at 3 World
Financial Center, New York, New York 10285, Attention: Medium-Term Note
Department; and in the case of the Trustee,

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to The Bank of New York, 101 Barclay Street, 21W, New York, New York 10286,
Attention: Corporate Trustee Administration Department or, in any case, to any
other address of which the party receiving notice shall have notified the party
giving such notice in writing.

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      12. This Agreement may be amended only by a writing duly executed and
delivered by each of the parties signing below.

      13. THE PROVISIONS OF THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

      14. This Agreement may be executed in counterparts and the executed
counterparts shall together constitute a single instrument.

      IN WITNESS WHEREOF, this Agreement has been executed and delivered as of
the day and year first above written.

                                      NATIONAL RURAL UTILITIES COOPERATIVE
                                      FINANCE CORPORATION,

                                        by /s/ Steven L. Lilly
                                           ------------------------
                                           Name:  Steven L. Lilly
                                           Title: Sr. Vice President & Chief
                                                  Financial Officer

                                      LEHMAN BROTHERS INC.,

                                        by /s/ Greg Hall
                                           ------------------------
                                           Name:  Greg Hall
                                           Title: Managing Director<PAGE>   1
                         EXECUTIVE EMPLOYMENT AGREEMENT

This Executive Employment agreement (Agreement) is made and effective this 8th
Day of January, 2001 by and between Infotopia Inc. (Company) and Douglas
Blattner (Executive).

NOW, THEREFORE, the parties hereto agree as follows:

1.       EMPLOYMENT
The Company hereby agrees to employ the Executive, for a term beginning on
January 8, 2001 and ending January 7th, 2002 as its Vice President of Internet
Direct Marketing or at a higher responsible management position with the Company
and the Executive hereby accepts such employment in accordance with the terms of
this Agreement.

Not withstanding the aforesaid, if this Agreement shall not have been terminated
in accordance with the provisions herein on or before December 7th, 2001, the
remaining term of the Agreement shall be extended such that each and every
moment of time thereafter, the remaining term shall be one year unless (a) the
Agreement is terminated earlier in accordance with the provisions herein or (b)
on or after July 26, 2001, the Board of Directors or the Executive Committee of
the Company notifies the Executive in writing of its determination to have the
date of this Agreement expire one year from the date of such notification.

In the event of any conflict or ambiguity between the terms of this Agreement
and terms of employment applicable to regular employees, the terms of this
Agreement shall control.

2.       DUTIES OF THE EXECUTIVE
The executive will deliver a business plan and accompanying financial model for
the company's IDMC division. The business plan and financial model will have
full "buy-in" and support from all other IDMC executives before it is
submission.

In addition the executive will specify an information systems architecture
capable of supporting the approved business plan and financial model.
Architectural decisions will, at all times, be consistent with the approved
business plan and financial model.

The executive will develop a budget that consolidates all aspects of IDMC
operations. As in the case of the business plan and financial model, the budget
will have the full support and "buy-in" from all other IDMC executives before it
is submission.

The executive will be responsible for the construction and dependable operation
of IDMC's information systems infrastructure.

3.       COMPENSATION
The Executive will be paid compensation during this Agreement as follows:

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A.)  A base salary, commencing January 8th, 2001 of not less than $75,000 per
     year, (or such greater amounts as may be approved by the Board of Directors
     or the executive committee in accordance with authority given by the Board
     of Directors) payable in installments on a semi-monthly but not less than a
     monthly schedule. The Executive's base salary may be increased consistent
     with recommendations of the Executive Committee of the Board. At least
     annually the Executive Committee shall review the Executive's base salary
     for competitiveness and appropriateness in the industry. In no event shall
     the Executive's base salary be less than $75,000 on an annual basis.

B.)  The Company agrees to pay a Quarterly Bonus of not less than $2,500 per
     calendar quarter to the Executive. During the term of this Agreement said
     bonus shall be paid in cash no later than the 1st day of each calendar
     quarter. The effective date of the quarterly bonus for this Agreement shall
     be March 1, 2001, with the first payment due (prorated for 4th Quarter
     Fiscal Year 2001) and payable to the Executive on or before April 1, 2001
     and continuing thereafter until the first day of January 2002. From time to
     time during the term of this Agreement, the Executive may receive a greater
     quarterly bonus if approved by the Executive Committee; however, the
     quarterly bonus shall never be less than $2,500.

C.)  In addition to the other payments referred to in this Agreement the
     Executive shall be entitled to receive and participate in an annual
     incentive bonus plan. The amount of the Executive's participation and the
     benefits paid under the incentive bonus plan shall be based upon goals
     recommended by the Executive and approved by the Executive Committee. The
     annual incentive bonus plan payments will be paid in cash and the payment
     will be made not later than 30 days following the close of the fiscal year
     for each year this Agreement is in effect.

D.)  In addition to other payments referred to in this Agreement, the Executive
     will be granted 500,000 shares of stock of the Company upon execution of
     this Agreement and 500,000 additional shares each three months for each of
     the succeeding years of the initial term of the agreement. The initial
     shares shall vest upon execution and be delivered not later than April 1,
     2001. The additional shares shall vest and at the end of each quarter.
     Prior to vesting, the Executive shall be entitled to receive dividends on
     and vote the unvested shares. Should this Agreement be terminated prior to
     January 1, 2002 such shares shall be delivered and vested to the Executive
     as stated above. If the Company, or its assets is acquired by another
     entity all stock in the agreement shall be consider due and vested.

E.)  The Executive may choose once each year of this Agreement to purchase an
     amount equal to one-third of his annual salary to stock or stock options.
     The purchase price shall be the lowest closing price of the preceding 12
     months.The Executive may take a ninety day note from the company to
     purchase these shares of stock. At ninety days the note is due and payable
     in full unless extended by the Board of Directors of Infotopia.

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F.)  If any payments due the Executive under this Agreement result in the
     Executive's liability for an excise tax ("parachute tax") under Section 49
     of the Internal Revenue Code of 1986, as amended (the "Code") the Company
     will pay to the Executive, after deducting any Federal, State or local
     income tax imposed, the "parachute tax" liability. Such payment shall be
     made to the Executive no later than 30 days prior to the due date of the
     "parachute tax."

G.)  All shares included in this agreement shall carry piggyback registration
     rights.

4.       BENEFITS

A.)  Holidays: The Executive will be entitled to at least nine (9) paid holidays
     each calendar year and twelve (12) personal days. The Company will notify
     the Executive on or about the beginning of each calendar year with respect
     to the holiday schedule for the coming year. Personal holidays, if any,
     will be scheduled in advance subject to the requirements of the Company.
     Such holidays must be taken during the calendar year and unused days shall
     not carry forward into the next year.

B.)  Vacation: The Executive shall be entitled to four (4) weeks (twenty
     days) paid vacation days per year effective as of the date of the
     Agreement.

C.)  Sick Leave: The Executive shall be entitled to sick leave and emergency
     leave according to the regular policies and procedures of the Company.
     Additional sick leave or emergency leave over and above paid leave provided
     by the Company, if any, shall be granted at the discretion of the Executive
     Committee of the Board of Directors.

D.)  The Company shall provide at its' expense Officer's and Director's
     liability insurance covering the Executive for the term of this Agreement.
     Such coverage shall be in the amount of not less than $5 million and shall
     be effective not later than April 1, 2002

E.)  Medical Insurance: Company agrees to include Executive and his family
     members in the group medical and hospital plan of the Company. If the
     Company does not provide Medical Insurance the Executive may be reimbursed
     for his own coverage.

F.)  Pension and Profit Sharing Plan: The Executive shall be eligible to
     participate in any pension or profit sharing plan or other type plan
     adopted by the Company for the benefit of its officers and/or regular
     employees.

G.)  In addition to any other compensation, an automobile allowance in the
     amount of $475 per month to be paid to the Executive each month during the
     term of this Agreement.

H.)  Expense Reimbursement: The Executive shall be entitled to reimbursement for
     all reasonable expenses, including travel and entertainment incurred by the
     Executive in

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     the performance of his duties. The Executive will maintain records and
     written receipts as required by Company policy and reasonably requested by
     the Board of Directors to substantiate such expenses. Subject to the terms
     of Section 2, the Executive may, at his sole discretion, work from his
     residence or a location of his choice. The Company will reimburse the
     Executive for reasonable home office use, including but not limited to an
     appropriate computer/modem installation.

I.)  Cell phone: Executive shall be entitled to reimbursement for cell phone or
     the Company may at its expense provide the Executive with such service.

J.)  Financial and Tax Advice: During (a) the term of this Agreement (b) the 12
     month period following the termination of this Agreement as a result of
     Death and/or Disability, and (c) the three year period following the
     voluntary termination by the Executive with good reason or the involuntary
     termination by the Company without cause... the Company shall provide the
     Executive (or, if Executive shall have died, his estate) at the Company's
     expense, third party professional financial and tax advisory services,
     primarily oriented to planning in light of the Executive's entitlement to
     compensation and benefits and appropriate in light of circumstances of
     Executive or his estate. Executive (or his estate) may select the service
     professional of his choice.

5.   TERMINATION
A.   The Company shall have the right to terminate this Agreement under the
     following circumstances:
   i.  Upon the death of the Executive.
  ii.  Upon notice to the Executive in the event of notice of illness or other
       disability which has incapacitated him from performing his duties for 12
       consecutive months as determined in good faith by the Board.
 iii.  For good cause upon notice from the Company. Termination by the Company
       of the Executive for "good cause" as used in this Agreement shall be
       limited to mean gross negligence, misappropriation or theft of Company
       funds or conviction of state or federal offenses, which would prevent
       the Executive from performance of his duties.
  iv.  Anytime during the first ninety days of the agreement, at the sole
       discretion of the Board of Directors. If termination happens during this
       ninety days only the common stock vested on signing of this agreement
       will be considered due and earned.
   v.  In the event of bankruptcy or insolvency the Company may terminate this
       agreement with no additional liabilities other than that due on the date
       of termination. No future wages or benefits will be owed.
With respect to any termination for good cause by the Company, the specifics of
the cause shall be communicated to the Executive in writing at least thirty (30)
days prior to the date on which the termination is proposed to take effect. The
Executive shall be given the opportunity to correct or respond to such cause.
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B.   If this Agreement is terminated pursuant to Section 5 (A - iii) above,
     Executive's rights and the Company's obligations hereunder shall forthright
     terminate except as expressly provided in this Agreement.

C.   If this Agreement is terminated pursuant to Section 5 (A - i or ii) hereof,
     Executive or his estate shall be entitled to receive 100% of the Executives
     salary and incentives for the balance of the term of the Agreement,
     together with bonus and other incentives as provided for in this Agreement.

6.       TERMINATION BY EXECUTIVE
The Executive shall have the right to terminate this Agreement with thirty (30)
days written notice the Company given within sixty (60) days of the occurrence
of any of the following events:

A.       The Company acts to materially reduce the Executive's position, title,
         duties, authority or responsibilities.

B.       The Company acts to reduce the compensation, bonus or incentives of the
         Executive.

7.       CONSEQUENCES OF BREACH BY THE COMPANY
A.   If this Agreement is terminated pursuant to Section 5 hereof, or if the
     Company shall terminate the Executive or the Executive's duties under this
     Agreement in any way that is a breach by the Company, the following shall
     apply:

  i.   The Executive shall receive a cash payment that is equal to the present
       value of the Executive's base salary hereunder for the remainder of the
       term, payable within 30 days of the date of such termination.

 ii.   The Executive shall be entitled to bonus payments and benefits as
       provided in Section 3 (it being understood, however, that all such bonus
       payments, if made pursuant to this clause, shall be paid in cash
       regardless of whether or not such payments exceed the cash limit.

iii.   All stock options and common stock and restricted stock granted by the
       Company to the Executive under this Agreement shall accelerate and become
       immediately vested and exercisable.

B.   The parties believe that because of the limitations of Section 5 the above
     payments do not constitute "Excess Parachute Payments" under section 280G
     of the Internal Revenue Code of 1954, as amended (the Code).
     Notwithstanding such belief, if any benefit is determined to be an "Excess
     Parachute Payment" the Company shall pay the Executive an additional amount
    (Tax Payment) such that (x) the excess of all
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     Excess Parachute Payments (including payment under this sentence) over the
     sum of the excise tax thereon under section 4999 of the Code and under
     applicable state law is equal to (y) the excess of all Excess Parachute
     Payments (excluding payments under this sentence) over income tax thereon
     under subtitle A of the Code and under applicable state law provided that
     the Company shall not be obligated to make tax payment in excess of the
     value of 6.6667 Compensation Years. For the purposes hereof, the value of a
     Compensation Year, including stock options and bonus entitlements, is
     defined as equal two (2) times the base salary set forth in this Agreement.

8.       CHANGE OF CONTROL
If, within twenty-four (24) months following a change of control, the Executive
is terminated, the termination shall be deemed a "Change of Control
Termination." For the purpose of this paragraph... (a) The delivery of a notice
of termination by the Company... within 24 months of a Change of Control and (b)
a Constructive Discharge within 24 months following a Change of Control will
also be deemed a Change of Control Termination. In the event of a Change of
Control Termination, the Company will pay to the Executive a lump sum payment of
299% of the Executive's average annual base salary plus both quarterly and
annual incentive bonuses during the preceding 1 year period. In the event that a
Change of Control Termination occurs before the Executive completes one (1)
years of service, the lump sum payment will be valued at 299% of the Executive's
average annual base salary plus both quarterly and annual incentive bonuses
during all years of service. Additionally, any options and or restricted stock
granted to the Executive shall become fully vested as of the date of the Change
of Control Termination. Provided further, the Executive will receive a cash
payment equal to the value of any options anticipated to be granted... within
(1) year following the Change of Control Termination.

If any portion of any payment or distribution by the Company, to or for the
benefit of the Executive, whether paid or payable or distributed or
distributable pursuant to the terms of this section ... shall be subject to the
excise tax imposed by section 4999 of the (Internal Revenue) Code, or any
interest or penalties are incurred by the Executive with respect to such excise
tax... the Company shall pay to the Executive an additional payment (the
Gross-up Payment) in an amount such that after the payment of such Excise Tax,
including, without limitation, any income tax and excise tax imposed on the
Gross-up payment, the Executive retains an amount including the Gross-up Payment
equal to the total payment hereunder without regard to the Gross-up Payment.

"Change of Control" shall be deemed to have occurred if at any time or from time
to time after the date of this agreement:
  i.   Any "person" or "group"...is or becomes the "beneficial owner"...directly
       or indirectly, of securities of the Company representing 40% or more of
       the combined voting power of the Company's then outstanding securities...
       or,

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 ii.   The stockholders of the Company approve a merger or consolidation with
       any other corporation, other than a merger or consolidation which would
       result in the voting securities of the Company... continuing to
       represent... more than 50% of the combined voting power of the voting
       securities or such surviving entity outstanding immediately after such
       merger or consolidation, or the stockholders of the Company approve a
       plan of complete liquidation of the Company or an agreement for the sale
       or disposition by the Company of all or substantially all of the
       Company's assets...or

iii.   The Company has a change in Board Majority unapproved by at least
       three-fourths of the directors.

9.       REMEDIES
The Company recognizes that because of the Executive's special talents, stature,
and opportunities in the industry, and because of the creative nature of and
compensation practices of the industry and the material impact that individual
projects can have on a company's results of operations, in the event of
termination by the Company hereunder or in the event of termination by the
Executive before the end of the agreed term, the Company acknowledges and agrees
that the provisions of this Agreement regarding further payments of base salary,
bonuses and the exercisability of stock options constitute fair and reasonable
provisions for the consequences of such termination, do constitute a penalty and
such payments and benefits shall not be limited or reduced by amounts that the
Executive might earn or be able to earn from any other employment or ventures
during the remainder of the agreed term of this Agreement.

10.      NOTICES
Any notice required by this Agreement or given in connection with it, shall be
in writing and shall be given to the appropriate party by personal delivery or
be certified mail, postage pre-paid, or recognized overnight delivery service;

                                    If to the Company:

<PAGE>   8

                                            Infotopia, Inc
                                             218 Tearall Road
                                                Raynham, Ma 02767
                                            Attn.: Daniel Hoyng, CEO

                                    If to the Executive:

                                            Douglas Blattner
                                             10100 Plomosh Place
                                              Las Vegas, NV 89134

11.      FINAL AGREEMENT
This Agreement terminates and supersedes all prior understandings or agreements
on the subject matter hereof. Only a further writing that is duly executed by
both parties may modify this Agreement.

12.      GOVERNING LAW
This Agreement shall be construed and enforced in accordance with the laws of
the Commonwealth of Massachusetts.

13.      HEADINGS
Headings in this Agreement are provided for convenience only and shall not be
used to construe meaning or intent.

14.      BINDING AGREEMENT
This Agreement shall be binding upon and inure to the benefit of the Executive,
his heirs, distributees and assigns.

15.      SEVERABILITY
If a court of competent jurisdiction to be invalid or unenforceable, then this
Agreement, holds any term of this Agreement including all of the remaining
terms, will remain in full force and effect as if such invalid or unenforceable
term had never been included.

16.       ARBITRATION
The parties agree that they will use their best efforts to amicably resolve any
dispute arising out of or relating to this Agreement. Any controversy, claim or
dispute that cannot be so resolved shall be settled by final binding arbitration
in accordance with the rules of the American Arbitration Association and
judgement upon the award rendered by the arbitrator or arbitrators may be
entered in any court having jurisdiction thereof. Any such
<PAGE>   9

Arbitration shall be concluded in such place as shall be mutually agreed upon by
the parties. Within fifteen (15) days of the commencement of the arbitration,
each party shall select one person to act as arbitrator, and the two arbitrators
shall select a third arbitrator within ten (10) days of their appointment. Each
party shall bear its own costs and expenses and an equal share of the
arbitrator's expenses and administrative fees of arbitration.

17.       PROTECTION OF THE COMPANY'S INTERESTS
During the term of this Agreement, the Executive shall not directly or
indirectly engage in competition with the Company. At no time shall the
Executive divulge, furnish, or make accessible to any person any information of
a confidential or proprietary nature obtained by him while in the employ of the
Company except as necessary in the performance of his duties.

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

--------------------------------------------------
Douglas Blattner

--------------------------------------------------
Daniel J. Hoyng
Chairman and CEO, Infotopia, Inc

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