Document:

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                                                            Exhibit (10)(ii)(13)

EXECUTIVE EMPLOYMENT AGREEMENT

This Executive Employment Agreement (Agreement) is made and effective this 13th
Day of August 2001 by and between Infotopia, Inc. (Company) and Gregory L.
Kofford (Executive).

NOW, THEREFORE, the parties hereto agree as follows:

1.       EMPLOYMENT

The Company hereby agrees to employ the Executive for a term beginning on the
date of this Agreement and ending August 3, 2004 as its CFO and the Executive
hereby accepts such employment in accordance with the terms of this Agreement.

Notwithstanding the aforesaid, if this Agreement shall not have been terminated
in accordance with the provisions herein on or before August 3, 2004, the
Agreement shall automatically be extended from year to year unless (a) the
Agreement is terminated earlier in accordance with the provisions herein or (b)
on or after August 3, 2004, 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.

2.       DUTIES OF THE EXECUTIVE

The Executive shall devote full-time attention and energy to the affairs of the
Company and/or its subsidiaries during the term of this Agreement and shall have
such duties, responsibilities and authority as shall be of the character and
dignity appropriate and consistent with the position and title of CFO or such
responsibility or authority as from time to time additionally authorized by the
Board of Directors. The Executive may engage in other activities, such as
activities including serving on the Board of Directors of other
corporations/organizations, and/or advising other corporations/organizations in
each case to the extent that such activities do not materially detract from or
limit the performance of the Executive's duties under this Agreement, or inhibit
in any material way the business of the Company and its subsidiaries. The
Executive will engage in no activity, paid or otherwise, for a competitor of the
Company so long as this Agreement is in effect. The Executive shall perform all
duties in a professional, ethical and businesslike manner. The CFO will be the
primary contact for all equity or debt financing, work directly and be the
primary contact with all the outside investor relations consultants and a
primary objective will be to work closely with the Board of Directors to
facilitate a move from the OTCBB to either the NASDAQ, AMEX, or NYSE.

3.       COMPENSATION

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

         A.)      A base salary, commencing August 3, 2001 of not less than
                  $350,000.00 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
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                  the Executive's base salary for competitiveness and
                  appropriateness in the industry. At the earlier of either
                  August 13th, 2001 or when annual revenue for IFTA exceeds $140
                  million per year the Executive's base salary shall be
                  increased to $430,000.

         B.)      This Executive will be able to participate in an executive
                  stock options plan during the term of his Employment
                  Agreement. Effective August 3, 2001 the Executive will be
                  entitled to purchase 2,500,000 shares of common stock at $1.04
                  per share; effective August 3, 2002 the Executive will be
                  entitled to purchase 1,250,000 shares of common stock at $1.04
                  per share and effective August 3, 2003 the Executive will be
                  entitled to purchase 1,250,000 shares of common stock at $1.04
                  per share. Shares for 2001 are considered vested upon signing
                  of this Agreement. The remaining shares will be considered
                  vested provided the Company has increased its Net Income by a
                  minimum of 10% from the previous year. These numbers are based
                  on the Annual 10k which will be filed no later than March 31,
                  2002 and each March thereafter. These options are subject to
                  any forward or reverse split by Infotopia, Inc.

         C.) A bonus of 2% of the Total Net Income of Infotopia and all its
subsidiaries net income before taxes will be awarded each quarter to the
executive. This bonus is payable within seven business days from the filing of
the 10Q or 10K. In the event that 2% of the annual total of financings, mergers
and acquisitions or equity placements (excluding Buyers Online, ENP, Modern
Media or Infomercial Management) is greater than the annual total of the bonus
above the Executive will be paid the incremental amount of 2% of annual total of
financings, mergers and acquisitions or equity placements (excluding Buyers
Online, ENP, Modern Media or Infomercial Management) less the amount received
quarterly of the net income bonus. The incremental bonus is payable within seven
business days from filing of the 10k.

         D.)      This Agreement shall be binding upon and inure to the benefit
                  of the successors by merger or consolidation of Infotopia,
                  Inc. (Ohio) and/or Infotopia, Inc. (Nevada), or the sale of
                  all or substantially all of the assets of each or both of
                  those companies, the permitted assigns of the respective
                  parties hereto, and Executive's estate, heirs, executors,
                  administrators, personal and legal representatives,
                  distributes and legatees. This Agreement and the rights and
                  obligations hereunder are personal to the Company, on the one
                  hand, and the Executive, on the other, except as contemplated
                  hereby; provided, however, that, in the event of the merger or
                  consolidation of Infotopia, Inc. (Ohio) and/or Infotopia, Inc.
                  (Nevada), whether or not either is the surviving or resulting
                  corporation, or in the event of the sale of all or
                  substantially all of the assets of Infotopia, Inc. (Ohio)
                  and/or Infotopia, Inc. (Nevada) the surviving or resulting
                  corporation in the case of a merger or consolidation or the
                  acquirer of such assets in the case of such a sale of asses
                  shall not constitute or be deemed to be a termination of
                  Executive's employment hereunder by the Company. This
                  Agreement shall not confer benefits on any person or entity
                  not referred to hereinabove in this Section 3.D.).

                  In the event that the acquiring company is not publicly traded
                  on the OTCBB, American Stock Exchange, New York Stock
                  Exchange, NASDAQ National or Small Cap Market then the options
                  in this contract are required to be bought out at $5,04 per
                  share per option. The options in this contract that are
                  carried forward in the event of an acquisition by a publicly
                  traded company, are subject to any forward or reverse splits.
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4.       BENEFITS

         A.)      Holidays: The Executive will be entitled to 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 five (5) weeks or
                  Twenty-five (25) paid vacation days per year effective as of
                  the date of the Agreement. Any unused vacation time will be
                  carried to the following year. Upon termination of this
                  agreement all vacation time shall be paid to the Executive.

         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.)      Medical and Group Life Insurance: Company agrees to include
                  Executive and his family members in the group medical and
                  hospital plan of the Company and provide group life insurance
                  at no charge to the Executive, in the amount of $2,000,000
                  payable to the Company and another policy in the amount of
                  $1,000,000 payable to the Executive's estate. Executive shall
                  be responsible for any state or federal tax imposed upon these
                  benefits. If the Company does not provide Medical and Group
                  Life insurance the Executive may be reimbursed for his own
                  coverage.

         E.)      The Company shall provide at its expense disability insurance
                  for the Executive for the term of this Agreement. If the
                  Company does not provide disability insurance the Executive
                  may be reimbursed for his own coverage.

         F.)      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 June 29, 2001.

         G.)      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.

         H.)      In addition to any other compensation, the Executive is
                  entitled to $1,200 per month car allowance or the Executive
                  may opt to lease a company car up to $1,200 per month and be
                  reimbursed for all expenses including insurance, maintenance,
                  repair and gas.

         I.)      Expense Reimbursement: The Executive shall be entitled to
                  reimbursement for all reasonable expenses, including travel
                  and entertainment incurred by the Executive in the performance
                  of his duties. The
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                  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 telephone/computer/modem installation and
                  telephone/internet charges.

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

         K.)      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.

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.

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.
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6.      TERMINATION BY EXECUTIVE

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

A.       The Executive is not elected or retained as CFO of the Company.

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

C.       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 (A-I or ii)
         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.       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."

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
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annual incentive bonuses during the preceding 3 year period. In the event that a
Change of Control Termination occurs before the Executive completes three (3)
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
three (3) years 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,

         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 not 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.
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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:

                                            Infotopia, Inc.
                                            3635 Broadman Canfield Road
                                            Canfield, OH 44406
                                            Attn.: Daniel Hoyng, CEO

                                    If to the Executive:

                                            Mr. Gregory L. Kofford
                                            PO Box 1362
                                            Draper, Utah 84020

11.      FINAL AGREEMENT

This Agreement terminates and supersedes all prior understandings or agreements
on the subject matter hereof. This Agreement may be modified only by a further
writing that is duly executed by both parties.

12.      GOVERNING LAW

This Agreement shall be construed and enforced in accordance with the internal
laws of the State of Ohio.

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 any term of this Agreement is held by a court of competent jurisdiction to be
invalid or unenforceable, then 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
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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 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.

16.      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.

17.      INTERPRETATION

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.

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

--------------------------------------
Gregory L. Kofford
Executive's Signature and Acceptance

--------------------------------------      ------------------------------------
Daniel Hoyng                                Marek Lozowicki
CEO                                         Secretary
Infotopia, Inc.                             Infotopia, Inc.<PAGE>   1
                                                                    EXHIBIT 4.29

                                DEPOSIT AGREEMENT

                  THIS DEPOSIT AGREEMENT is made and entered into as of June 22,
2001, by and between NTL Incorporated, a Delaware corporation, ("NTL
Incorporated"), NTL (Delaware), Inc., a Delaware corporation ("NTL Delaware"
and, together with NTL Incorporated, the "Issuers") and United States Trust
Company of New York (the "Depositary"), for the benefit of the holders from time
to time of the Company's 5.75% Convertible Subordinated Notes due 2011 (the
"Convertible Notes") (each, a "Holder" and, collectively, the "Holders").

                                   WITNESSETH:

                  WHEREAS, the Convertible Notes are to be issued under an
indenture (the "Indenture"), dated as of June 22, 2001, by and among the Issuers
and The Chase Manhattan Bank, as Trustee (the "Trustee").

                  WHEREAS, the Issuers and SFG VI Inc. (the "Purchaser") have
entered into that certain Purchase Agreement, dated June 22, 2001 (the "Purchase
Agreement"), pursuant to which the Holders will purchase from the Issuers an
aggregate of $100,000,000 of Convertible Notes.

                  WHEREAS, the Convertible Notes and the Indenture allow the
Issuers to make interest and other payments on the Convertible Notes in cash,
including by delivering shares of Common Stock, par value $.01 per share, of NTL
Incorporated (the "Common Stock"), to the Depositary for the sale thereof and
distribution of the Cash Proceeds (as defined below) to the Paying Agent
designated under the Indenture (the "Paying Agent"), which shall initially be
the Trustee.

                  WHEREAS, NTL Incorporated shall from time to time deliver to
the Depositary (i) duly authorized, validly issued, fully paid and
non-assessable shares of Common Stock, that are free of preemptive or similar
rights, duly registered and freely tradable (by use of a prospectus under an
effective shelf registration statement or otherwise) (the "Qualified Common
Stock") under the Securities Act of 1933, as amended (the "Securities Act"); and
(ii) an opinion of counsel addressed to the Depositary (the "Opinion of
Counsel"), to the effect that the shares of Qualified Common Stock delivered to
the Depositary have been duly authorized, fully paid and validly issued and
delivered, and are non-assessable, free of preemptive rights, duly registered
and freely tradable (by use of a prospectus under an effective shelf
registration statement or otherwise) under the Securities Act; and (iii) a set
of written instructions signed by an officer of each of the Issuers, instructing
the Depositary as to the disposition of the Qualified Common Stock (the
"Instructions").

                  WHEREAS, the Depositary shall follow the Instructions and
shall distribute the cash proceeds from any sale of the Qualified Common Stock
(the "Cash Proceeds") to the Paying Agent.

                  NOW, THEREFORE, in consideration of the premises and of the
mutual promises and agreements herein contained, and the agreements and
covenants contained in the Purchase Agreement and the Indenture, the parties
hereby agree as follows:

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     Section 1.  Payment of Interest on the Convertible Notes

            (a)  General. The Holders of the Convertible Notes shall be entitled
to receive payment of interest and the Facility Fee (as defined in the
Indenture) on the dates and in the manner specified in the Convertible Notes and
the Indenture.

            (b)  Convertible Notes. For so long as the Convertible Notes are
outstanding, NTL Incorporated shall from time to time (should the Issuers elect
to make an interest payment on the Convertible Notes or a Facility Fee payment
in Common Stock), deliver to the Depositary no later than 10 business days
before the applicable interest payment date (i) Qualified Common Stock, in the
amount described below; (ii) an Opinion of Counsel as to such Qualified Common
Stock; and (iii) the Instructions.

            (i)  NTL Incorporated will deliver a sufficient number of shares of
     Qualified Common Stock that will, upon sale by the Depositary in accordance
     with the Instructions result in sufficient net cash proceeds (together with
     any other cash received) to enable the Paying Agent to distribute cash to
     the Holders on the applicable interest payment date in an aggregate amount
     equal to the interest payment and the Facility Fee payment then due,
     including, Liquidated Damages (the "Amount Due").

            (ii)  The Depositary shall (i) sell the Qualified Common Stock in
     accordance with the Instructions, as promptly as practicable; and (ii)
     distribute the amount of Cash Proceeds from such resale specified in the
     Instructions to the Paying Agent in accordance with the Instructions as
     promptly as practicable, but in any event no later than one business day
     prior to the applicable interest payment date.

            (iii)  If the amount of Cash Proceeds from the sale of Qualified
     Common Stock shall be less than the Amount Due (such difference, the
     "Shortfall Amount"), the Depositary shall: (i) distribute all Cash Proceeds
     to the Paying Agent; and (ii) promptly give notice to the Issuers of the
     Shortfall Amount. Upon receipt of the notice of a Shortfall Amount, the
     Issuers shall as promptly as practicable deliver to the Depositary (A)
     cash, and/or (B) the Instructions and additional shares of Qualified Common
     Stock, to be sold and distributed in accordance with the Instructions
     delivered therewith and this Agreement. The Depositary shall as promptly as
     practicable (x) sell the additional shares of Qualified Common Stock (if
     any) delivered by NTL Incorporated pursuant to this subsection (iii) in
     accordance with the Instructions and this Agreement; and (y) distribute the
     cash delivered by the Company pursuant to this subsection (iii) and/or the
     Cash Proceeds (the sum of such cash and such Cash Proceeds so delivered
     shall be equal to the Shortfall Amount) to the Paying Agent no later than
     one business day prior to the applicable interest payment date.

            (iv)  If the Cash Proceeds from any such sale of the Qualified
     Common Stock shall exceed the amount of the Cash Proceeds to be delivered
     to the Paying

                                       2
<PAGE>   3

     Agent pursuant to the Instructions (such difference, the "Excess
     Proceeds"), the Depositary shall (i) give notice to the Issuers of the
     amount of the Excess Proceeds; (ii) retain the Excess Proceeds and apply
     such Excess Proceeds to the next succeeding distribution by the Depositary
     of the Amount Due, in accordance with the Instructions.

            (c)  Investment of Excess Proceeds. The Depositary may from time to
time invest and reinvest the Excess Proceeds at the instruction of the Issuers
in (i) direct obligations of, or repurchase agreements collateralized by direct
obligations of, the United States Government (or agencies or instrumentalities
thereof) or any state of the United States (or agencies or instrumentalities of
any thereof), (ii) certificates of deposit, time deposits, money market accounts
or other interest-bearing deposits of commercial banks having total capital and
surplus of at least $2,000,000,000 or (iii) commercial paper having at the time
of investment a rating from a Nationally Recognized Statistical Rating
Organization of the highest rating category granted thereby, provided that such
commercial paper is held to maturity, such maturity date to be earlier than the
following applicable interest payment date on the Convertible Notes, or (iv) in
a U.S. Government Money Market Fund (the "Fund") so long as the Fund is rated as
a AAA money market fund, as the Company may from time to time direct in
writing. For the purposes of this Agreement, "Nationally Recognized Statistical
Rating Organization" shall have the meaning given to that term under Rule
436(g)(2) under the Securities Act. Any interest earned on the Excess Proceeds
shall immediately be considered "Excess Proceeds" for the purposes of this
Agreement. The Depositary shall have no responsibility for determining such
obligations and shall have no liability whatsoever for any investment losses
resulting from the investment or reinvestment of the Excess Proceeds.

            (d)  Obligation to Pay Interest in Cash. Notwithstanding any other
provision of this Agreement, the Issuers shall be obligated to pay the Amount
Due in cash if the Qualified Common Stock paid as interest would not, at the
time of the applicable interest payment date, be freely transferable (including
pursuant to an effective shelf registration statement or otherwise).

     Section 2.  Instructions; Market Agent.

            (a) For so long as Convertible Notes are outstanding, the
Instructions delivered by the Issuers to the Depositary pursuant to Section 1(b)
hereof in connection with a payment of interest on the Convertible Notes shall
specify: (i) the method by which the Depositary shall resell the Qualified
Common Stock (which may be effected by the Issuers repurchasing any such
Qualified Common Stock); (ii) the Interest Amount; (iii) the amount of Excess
Proceeds, if any, to be delivered to the Paying Agent; and (iv) the method of
delivery of the Cash Proceeds and/or the Excess Proceeds to the Paying Agent,
including wire instructions and/or address if necessary.

            (b) NTL Incorporated may appoint any nationally recognized,
registered broker dealer to act as a market agent (a "Market Agent") for the
purposes of selling any shares of Qualified Common Stock pursuant to the terms
of this Agreement.

                                       3
<PAGE>   4

If NTL Incorporated so elects to appoint a Market Agent, it shall instruct the
Depositary to, and the Depositary shall, deliver such Qualified Common Stock to
such Market Agent in order to enable the Market Agent to effect such a sale.
Upon completion of such a sale, the Market Agent will then deliver the net
proceeds of such sale to the Depositary, which will then distribute such
proceeds to the Paying Agent in accordance with the terms of the Convertible
Notes and this Agreement.

     Section 3.  Term.

            The Deposit Agreement shall terminate on the first day on which no
Convertible Notes are outstanding, and the Depositary shall upon its receipt of
written instructions from the Issuers distribute any remaining Excess Proceeds
to the Issuers; provided that the Issuers have paid all Interest Amounts due
under the Convertible Notes.

     Section 4.  Depositary.

            (a)  Duties. The Depositary's obligations and duties in connection
herewith are those specifically enumerated in this Agreement. The Depositary
also will deliver copies of reports, invoices, and other documents related to
the Qualified Common Stock and the Cash Proceeds that it has received, as well
as an accounting of the Qualified Common Stock and the Cash Proceeds, to each of
the parties on written request. The Depositary's duties will be determined only
with reference to this Depositary Agreement and applicable laws, and the
Depositary is not charged with any duties or responsibilities in connection with
any other document or agreement. The parties acknowledge that the Depositary
shall not be responsible for any diminution in the value of the Qualified Common
Stock held by the Depositary or in the value of the Excess Proceeds due to
losses resulting from authorized investments. The Depositary may use its own
bond department in executing purchases and sales of authorized investments.

            (b)  Liabilities. The Depositary will not be in any manner liable or
responsible for the sufficiency, correctness, genuineness, or validity of any
instruments deposited with it or with reference to the form of execution
thereof, or the identity, authority, or rights of any person executing or
depositing same, and the Depositary will not be liable for any loss that may
occur by reason of forgery, false representation, or the exercise of its
discretion in any particular manner or for any other reason, except for its own
gross negligence or willful misconduct. Except in instances of the Depositary's
own gross negligence or willful misconduct, the Issuers will jointly and
severally indemnify, defend, and hold the Depositary harmless from any demands,
suits, or causes of action arising out of this Agreement (including reasonable
attorneys' fees). The Depositary shall be fully protected in acting in
accordance with any written instructions given to it hereunder and believed by
it to have been executed by the proper party or parties. The Depositary may
consult with counsel regarding any of its duties or obligations hereunder, and
shall be fully protected in any action taken in good faith in accordance with
such advice. The costs and expenses of enforcing this right of indemnification
also shall be jointly and severally paid by the Issuers. The right of
indemnification shall survive the

                                       4
<PAGE>   5

termination of this Deposit Agreement and or the resignation or removal of the
Depositary. Neither the Depositary nor any of its officers, directors, employees
or agents shall be liable to any person or party for any action taken or omitted
to be taken by it or any of its officers, directors, employees or agents under
this Agreement, except in the case of Depositary's gross negligence, bad faith
or willful misconduct.

            (c)  Receipt. Upon receipt from NTL Incorporated of the Qualified
Common Stock and of the Cash Proceeds upon resale of the Qualified Common Stock,
the Depositary will deliver a written notice to such effect to the Issuers and
the Trustee.

            (d)  Fees. The Depositary's fees hereunder will be as set forth in
Schedule 1 and will, together with all its reasonable costs and expenses,
including its legal fees, be paid by the Issuers. The fees are intended as full
compensation for the Depositary's services as contemplated by this Deposit
Agreement (not including its reasonable costs and expenses).

            (e)  Successor Depositary. The Depositary will have the right to
resign as Depositary hereunder by delivering 60 days prior notice in writing to
the Issuers and the Trustee. The Issuers together with the Purchaser (so long as
the Purchaser is a Holder) will have the right to remove the Depositary at any
time by joint written notice delivered to the Depositary. If the Depositary
resigns or is removed, a successor Depositary will be appointed by mutual
agreement of the Issuers and the Purchaser (so long as the Purchaser is a
Holder) and such resignation or removal will take effect upon such appointment.
Any successor Depositary at any time serving hereunder will be entitled to all
rights, powers, and indemnities granted to the Depositary hereunder as if
originally named herein. If a successor Depositary is not named within 30 days
after the notice of resignation, the Depositary may apply to a court of
competent jurisdiction for the appointment of a successor Depositary.

            (f)  Disputes. In the event that any dispute arises with respect to
this Agreement or in the event that any claim is made with respect to the
deposits hereunder, then the Depositary, upon receipt of written notice of such
dispute, is authorized and directed to retain in its possession without
liability to any person or party, all of the deposits hereunder until such
dispute shall have been settled either by the mutual agreement of the parties
involved or by a final, unappealable order, decree or judgment of a court of
competent jurisdiction.

            (g)  Federal Income Tax. All interest earned on the Excess Proceeds
shall be considered the currently reportable income, for federal income tax
purposes, of NTL Incorporated. The Depositary shall file annually information
returns with the United States Internal Revenue Service and payee statements
with NTL Incorporated, documenting such interest payments. NTL Incorporated
shall provide the Depositary with all forms and information necessary to
complete such information returns and payee statements. NTL Incorporated agrees
to provide the Depositary with a certified tax identification number by signing
and returning a W-9 (or Form W-8, in the case of non-U.S. persons) to the
Depositary within 30 days from the date hereof. The Depositary

                                       5
<PAGE>   6

understands that, in the event such tax identification numbers are not certified
to the Depositary, the Internal Revenue Code, as amended from time to time, may
require withholding of a portion of any interest or other income earned on the
investment of the Excess Proceeds. Should the Depositary become liable for the
payment of taxes, including withholding taxes, relating to income derived from
any funds held by the Excess Proceeds or any payment made hereunder, the
Depositary may pay such taxes from the Excess Proceeds.

            (h)  Merger, Consolidation, etc. Any corporation or association in
which the Depositary may be converted or merged, or with which it may be
consolidated, or to which it may sell or transfer its corporate trust business
and assets as a whole or substantially as a whole, or any corporation or
association resulting from any such conversion, sale, merger, consolidation or
transfer to which it is a party, shall be and become successor depositary
hereunder and vested with all of the title to the assets and all the trusts,
powers discretions, immunities, privileges and all other matters as was its
predecessor, without the execution or filing of any instrument or any further
act, deed or conveyance on the part of any of the parties hereto, anything
herein to the contrary notwithstanding.

     Section 5.  Miscellaneous.

            (a)  Binding Effect. Neither this Agreement nor any of the rights or
obligations hereunder may be assigned by any party without the prior written
consent of all other parties to this Agreement. Without limiting the generality
of the foregoing, the Issuers agree to the assignment by a Holder of its rights
pursuant to this Agreement to any Affiliate or subsidiary thereof, any
partnership controlled thereby, any successor in interest thereto or any lender
as collateral security, and agree to execute any appropriate agreement or
instrument that the Holder may reasonably request in order to effect or evidence
such assignment or consent. Subject to the foregoing, this Agreement shall be
binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns, and no other person shall have any right, benefit or
obligation hereunder.

            (b)  Governing Law. This Agreement shall be construed, interpreted
and the rights of the parties determined in accordance with the internal laws of
the State of New York (without reference to its choice of law provisions).

            (c)  Titles. The titles, captions or headings of the Sections herein
are inserted for the convenience of reference only and are not intended to be a
part of or to affect the meaning or interpretation of this Agreement.

            (d) Notices. All notices, requests, demands and other communications
which are required or may be given under this Agreement shall be in writing and
shall be deemed to have been duly given or made when received if personally
delivered; when transmitted if transmitted by telecopy upon receipt of
telephonic or electronic confirmation; the day after it is sent, if sent for
next day delivery to a domestic address by

                                       6
<PAGE>   7

recognized overnight delivery service (e.g., Federal Express); and five business
days after being deposited in the mail, first class or registered, postage
prepaid. In each case notice shall be sent to:

             If to the Purchaser:

             SFG VI, Inc.
             c/o GE Capital Services Structured Finance Group, Inc.
             120 Long Ridge Road
             Stamford, CT 06927, USA

             Attention: Manager-Telecom Portfolio
             Tel.: 203 357-6927
             Fax: 203 961-2194

             If to NTL Incorporated:

             NTL Incorporated
             110 East 59th Street, 26th Floor
             New York, NY 10022

             Attention:  Richard J, Lubasch, Esq.
                         Executive Vice President, General Counsel and Secretary
             Fax No.:    212 906-8497

             If to NTL Delaware:

             NTL (Delaware), Inc.
             110 East 59th Street, 26th Floor
             New York, NY 10022

             Attention:  Richard J, Lubasch, Esq.
                         Executive Vice President, General Counsel and Secretary
             Fax No.:    212 906-8497

             If to the Depositary:

             United States Trust Company of New York
             114 West 47th Street,
             New York, NY 10036
             USA
             Attention:  Corporate Trust Division
             Fax No.:  212 852 1625

         or to such other place and with such other copies as either party may
         designate as to itself by notice given as written notice to the others.

                                       7
<PAGE>   8

            (e)  Multiple Counterparts. This Agreement may be executed in two or
more counterparts, each of which shall be deemed an original but all of which
together shall constitute one and the same instrument.

            (f)  Consent to Jurisdiction. Each party hereto hereby irrevocably
submits to the non-exclusive jurisdiction of the courts of the United States
District Court for the Southern District of New York (or, if subject matter
jurisdiction in that court is not available, in any state court located within
the city of New York) over any dispute arising out of or relating to this
Agreement or any agreement or instrument contemplated hereby or entered into in
connection herewith or any of the transactions contemplated hereby or thereby.
Each party hereto irrevocably consents to the service of any and all process in
any action or proceeding arising out of or relating to this Agreement by the
mailing of copies of such process to such party at its address specified in
Section 5(d).

            (g)  Entire Agreement: Modification. This Agreement, together with
Schedule I, constitutes the entire agreement among the parties pertaining to the
subject matter hereof and supersedes all prior agreements, understandings,
negotiations and discussions, whether oral or written, of the parties. No
amendment, supplement, modification or waiver of this Agreement shall be binding
unless executed in writing by the party to be bound thereby. No waiver of any of
the provisions of this Agreement shall be deemed or shall constitute a waiver of
any other provision hereof (whether or not similar), nor shall such waiver
constitute a continuing waiver unless otherwise expressly provided.

                                       8
<PAGE>   9

                  IN WITNESS WHEREOF, the parties hereto have caused this
Agreement to be duly executed on their respective behalf, by their respective
officers thereunto duly authorized, as of the day and year first written above.

                                NTL INCORPORATED

                                By:
                                    --------------------------------------------
                                    Name:
                                    Title:

                                NTL (DELAWARE), INC.

                                By:
                                    --------------------------------------------
                                    Name:
                                    Title:

                                UNITED STATES TRUST COMPANY OF NEW YORK

                                By:
                                    --------------------------------------------
                                    Name:
                                    Title:

<PAGE>   10

                         SCHEDULE I TO DEPOSIT AGREEMENT

                  In connection with the services provided hereunder by the
Depositary, the Depositary shall be limited to receive the following fees (not
including its expenses as provided hereunder) for so long as it continues to
serve as Depositary hereunder:

1.       Initial Fee of $3,500.00.

2.       Annual administrative fee of $7,500.00.

3.       Activity fees, where applicable:

         o     Free Receive and Free Deliver of Securities, each    $25.00

         o     Trades on a DVP Buying, each                         $25.00

         o     Wire transfers per outgoing Fed wire

               (no charge for incoming wire transfers)              $25.00

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