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                                                                   EXHIBIT 10.83


                            ASSET PURCHASE AGREEMENT

                                     BETWEEN

                            S.M.P. CLOTHING PTY LTD.,

                          SMP [U.S.A.] INC., RIDE, INC.

                                       AND

                               SMP CLOTHING, INC.



                          DATED AS OF NOVEMBER 2, 1998



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                            ASSET PURCHASE AGREEMENT

        THIS ASSET PURCHASE AGREEMENT (this "Agreement") is made as of November
2, 1998 by and among SMP CLOTHING, INC., a Washington corporation ("Seller"),
RIDE, INC., a Washington corporation ("Ride"), SMP [U.S.A.] INC., a California
corporation ("Purchaser"), and S.M.P. CLOTHING PTY LTD., an Australian
corporation ("SMP Australia").

                                    RECITALS

        A. Seller is a designer, manufacturer and marketer of surf, skate,
motocross, snowboard and casual fashion apparel and related accessories.

        B. Purchaser is a designer, manufacturer and marketer of related
apparel.

        C. Seller desires to sell and assign to Purchaser, and Purchaser desires
to purchase and assume from Seller, certain of the assets and liabilities of
Seller on the terms and conditions provided herein.

                                   AGREEMENTS

        For good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, Purchaser and Seller hereby agree as follows:

        1. DEFINITIONS. For the purposes of this Agreement:

        "Assets" shall have the meaning given it in Section 2.1 hereof.

        "Assumed Liabilities" shall have the meaning given it in Section 2.3
hereof.

        "Business" shall mean the business as a going concern of Seller as
conducted through the Closing Date and that portion of Purchaser's business
attributable to the Assets subsequent to the Closing Date.

        "Closing" shall mean consummation of the transactions contemplated in
Section 3 hereof.

        "Closing Date" shall mean the date on which Closing is to occur,
determined as provided in Section 3.1 hereof.

        "Code" shall mean the Internal Revenue Code of 1986, as amended.



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        "Disclosure Memorandum" shall mean that certain memorandum disclosing
the information about Seller's business and other data as described herein and
provided to Purchaser by Seller prior to the Closing.

        "Excluded Assets" shall have the meaning given it in Section 2.2 hereof.

        "Excluded Liabilities" shall have the meaning given it in Section 2.4
hereof.

        "Indemnitee" shall have the meaning given it in Section 9.1.3 hereof.

        "Indemnitor" shall have the meaning given it in Section 9.1.3 hereof.

        "Intellectual Properties" shall mean all rights in and to the
trademarks, service marks, and logos identified on Schedule A to the disclosure
memorandum to that certain Intellectual Property Purchase Agreement of even
date, between Seller, Ride and SMP Clothing [International] PTY Ltd., including
all domestic and foreign registrations and common law rights therein, goodwill
of the business symbolized by and associated with such trademarks, contract
rights under current and pending trademark license agreements, service marks and
logos, and any copyrights, patents and other intellectual properties, including
all domestic and foreign registrations and common law rights therein, if any,
owned by Seller and used in connection with its business.

        "Lease" shall have the meaning given it in Section 4.5 hereof.

        "Person" shall mean any natural person, corporation, partnership, joint
venture, association, organization, other entity or governmental or regulatory
authority.

        "Property" shall mean all property, of whatever kind or description,
owned by Seller or used in connection with its business; all trade secrets and
other proprietary rights and information; structures; trade fixtures; equipment;
machinery; contract rights and general intangibles; records, documents,
inventory, finished goods, raw materials and good will; but excluding the
Intellectual Property.

        "Purchase Price" shall have the meaning given it in Section 2.5 hereof.

        "Purchaser" shall mean SMP [U.S.A.] Inc., a California corporation.

        "Real Estate" shall mean that certain parcel of improved real property,
situate in Chula Vista, California, the subject of the Lease.

        "Ride" shall mean Ride, Inc., a Washington corporation.

        "Seller" shall mean SMP Clothing, Inc., a Washington corporation.



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        "SMP Australia" shall mean S.M.P. Clothing PTY Ltd., an Australian
corporation.

        2. THE ACQUISITION.

                2.1 PURCHASE OF THE ASSETS. Subject to the terms and conditions
of this Agreement, Purchaser hereby agrees to purchase from Seller, and Seller
hereby agrees to sell to Purchaser, on the Closing Date, all Property other than
the Excluded Assets, including without limitation, the assets set forth on
Schedule 2.1 to the Disclosure Memorandum (the "Assets").

                2.2 EXCLUDED ASSETS. Seller shall not transfer to Purchaser and
Purchaser shall not acquire the following assets (the "Excluded Assets"), which
are specifically excluded from the Assets:

                        2.2.1 CASH AND CASH EQUIVALENTS. Seller's cash, bank
deposits or similar cash or cash equivalent items existing as of operation of
Seller's business as of the Closing Date, whether or not arising from the
operation of the Business.

                        2.2.2 ACCOUNTS RECEIVABLE. Seller's accounts receivable
and intercompany accounts as they appear on the books of Seller as of the close
of business on the Closing Date.

                        2.2.3 PREPAID EXPENSES. All prepaid expenses of Seller
as they appear on the books of Seller as of the Closing Date.

                        2.2.4 INTELLECTUAL PROPERTY. The Intellectual Property
as defined herein.

                2.3 ASSUMED LIABILITIES. Subject to the terms and conditions of
this Agreement, Seller hereby assigns, transfers and sets over to Purchaser all
of its rights, benefits, duties and obligations and Purchaser hereby agrees to
assume, pay, perform and fully discharge all of the liabilities, agreements and
undertakings of Seller listed on Schedule 2.3 to the Disclosure Memorandum
(together, the "Assumed Liabilities").

                2.4 EXCLUDED LIABILITIES. Except for the Assumed Liabilities,
Purchaser shall not assume any liabilities, fixed, contingent or otherwise, of
Seller as of the Closing Date.

                2.5 PURCHASE PRICE. Subject to the terms and conditions of this
Agreement, in full consideration for the Assets, and in addition to Purchaser's
assumption of the Assumed Liabilities, Purchaser shall pay to Seller the
"Purchase Price" in the sum identified on Schedule 2.5 to the Disclosure
Memorandum, consisting of the aggregate values of the fixed assets, future
royalty obligations, order backlog and goodwill of the Business, all as
identified on such Schedule. Seller shall pay any and all applicable personal
property and/or related sales tax in connection with this Agreement and the
Intellectual Property Agreement.



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                2.6 METHOD OF PAYMENT. The Purchase Price shall be paid in the
form at Closing in the total amount of One Million Four Hundred Seventy-Eight
Thousand Five Hundred Twenty-Eight and No/100 US Dollars (US1,478,528) comprised
of two promissory notes ("Notes") in substantially the forms attached as Exhibit
2.6a and Exhibit 2.6b for the respective principal sums of One Million Four
Hundred Eleven Thousand One Hundred Twenty-Seven and No/100 US Dollars
($1,411,127) and Sixty-seven Thousand Four Hundred One and No/100 US Dollars
(US$67,401). Payment of the Notes shall be made in conformance with the
provisions thereof, all of which provisions are incorporated herein by this
reference as though fully set forth.

        3. CLOSING.

                3.1 TIME AND PLACE OF CLOSING. The Closing shall occur at the
offices of Seller, 1670 Brandywine Avenue, Suite A, Chula Vista, California
91911, at 3:00 pm local time no later than November 2, 1998, or such other time
and place as the parties may otherwise agree in writing but in no event later
than November 2, 1998 (the "Closing Date").

                3.2 OBLIGATIONS TO BE PERFORMED AT CLOSING. At Closing:

                        3.2.1 BILL OF SALE. Seller shall deliver title to the
Assets and control thereof to Purchaser, together with all documents,
instruments and other indicia of ownership and control in and to the Assets,
including such documents within Seller's control giving effect to the transfer
of title therein; provided, that to the extent Seller must temporarily retain
possession of the original form of any such documentation for governmental
filings, Seller shall provide copies of such documents to Purchaser certified to
be true and correct. Seller shall execute and deliver a Bill of Sale
substantially in the form attached hereto as Exhibit 3.2.1.

                        3.2.2 PLEDGE; DEFAULT; REMEDIES.

                                 3.2.2.1 PLEDGE. For and in security for the
full payment and performance of all sums due under the three (3) promissory
notes ("Notes") of even date made by Maker for the benefit of Seller or holder
in the respective principal sums of Three Hundred Fifty-Two Thousand Eight
Hundred Eighty-Four and No/100 US Dollars (US$352,884), One Million Four Hundred
Eleven Thousand One Hundred Twenty-Seven and No/100 US Dollars (US$1,411,127)
and Sixty-seven Thousand Four Hundred One and No/100 US Dollars (US$67,401),
under this Agreement and the Intellectual Property Purchase Agreement, Purchaser
hereby grants and conveys to Seller a security interest in all of the Property
and Purchaser's accounts and proceeds therefrom (collectively "accounts"),
excepting therefrom any of Purchaser's cash derived in excess of the release
provisions of Section 3.2.4 below. Subject to the provisions of Paragraph 3.2.4
below, Purchaser agrees not to sell, hypothecate, pledge, assign or encumber the
Property in any manner to any Person until such time as all sums due under the
Notes, this Agreement and the Intellectual Property Purchase Agreement are paid
and satisfied in full. Seller and CIT shall immediately release their liens
against the Property upon full payment of all sums due and owing under the
Notes.



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                                 3.2.2.2 DEFAULT. Purchaser shall be in default
of this Agreement in the event any one of the following occurs:

                                        (a) Maker fails to pay when due any sum
required to be paid under the Notes and the Intellectual Property Purchase
Agreement, or Purchaser fails to pay when due any sum required to be paid under
this Agreement, and such failure, in each instance, remains uncured for a period
of ten (10) days from the date written notice of nonpayment by Maker is
delivered to Purchaser;

                                        (b) Maker or Purchaser files for
protection from its respective creditors under applicable bankruptcy laws, is
adjudged bankrupt by a court of competent jurisdiction, or makes a general
assignment of its assets to its respective creditors;

                                        (c) Purchaser breaches a material term
of this Agreement or Maker breaches a material term of the Intellectual Property
Purchase Agreement and such breach, in each instance, remains uncured for a
period of ten (10) days from the date notice of breach is delivered to Purchaser
or Maker, as the case may be; or

                                        (d) Purchaser licenses all or any
portion of the Property in violation of Section 5 of the Intellectual Property
Purchase Agreement.

                                 3.2.2.3 REMEDIES. In the event of a default
under Section 3.2.2.2 hereof, Seller may, upon ten (10) days written notice to
Maker and Purchaser, terminate this Agreement, immediately foreclose on Seller's
security interest in the Property without judicial process. In the event of such
foreclosure, all right, ownership and interest in and to the Property shall
revert to Seller. Seller's foreclosure option, if exercised by Seller, shall be
in lieu of all other remedies for nonpayment of sums due under the Notes, this
Agreement and the Intellectual Property Purchase Agreement. 

                        3.2.3 EXECUTION OF NOTES. Purchaser and SMP Australia
shall execute and deliver the Notes to Seller.

                        3.2.4 RELEASE OF LIEN. Seller, for its own account, and
Seller's Lender, CIT Group/Credit Finance, Inc. ("CIT"), shall partially or
fully release (collectively "release") their blanket security interest in the
Assets and Property, from time to time, as the case may be, as set forth in this
paragraph. Seller shall use its best endeavors and do all things reasonably
necessary to cause CIT to partially or fully release its blanket security
interest in the Assets and Property in conformity with this paragraph.

                                 (a) PROPERTY. The release of the blanket
security interest in the Property shall be made upon Purchaser's full payment of
the Purchase Price relating to each item comprising the Property.

                                 (b) FIXED ASSETS. The release of the blanket
security in the Fixed Assets shall be made upon Purchaser's payment under this
Agreement to the extent of the relevant assigned appraisal value designated to
each specific item of the Fixed Assets as stated in 



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the certified appraisal of Carl Munzig dated August 20, 1998 initialed by the
parties to this Agreement.

                                 (c) INVENTORY. Seller and CIT shall release its
security interest in the Inventory upon the sale of items of Inventory so long
as such sales of Inventory do not exceed (without the written consent of Seller,
which shall not be unreasonably withheld) the amount specified in the Payment
Schedule within each payment period specified in each Promissory Note attached
to this Agreement .

                        3.2.5 FURTHER ASSURANCES. Each of the parties shall
execute all other documents and take such other actions as are required by other
covenants contained in this Agreement or that are otherwise reasonably necessary
to carry out the terms of this Agreement and consummate the transactions
contemplated hereby.

        4. REPRESENTATIONS AND WARRANTIES OF SELLER AND RIDE. To induce
Purchaser to enter into and perform this Agreement, Seller and Ride each
represents and warrants to Purchaser as follows:

                4.1 LEGAL STATUS OF SELLER. Seller is a corporation duly
organized, validly existing and in good standing under the laws of the State of
Washington, and it has all requisite power and authority to lease and operate
its properties and assets and carry on the business as it is now conducted.
Seller is duly qualified to transact business as a corporation and is in good
standing in all jurisdictions in which the failure to be so qualified would
result in a material liability to Seller or have a material adverse effect upon
the business of Seller. Seller has full power and authority to execute, deliver
and perform this Agreement. Seller is a wholly-owned subsidiary of Ride.

                4.2 DUE AUTHORIZATION AND EXECUTION. This Agreement has been
duly authorized, executed and delivered by Seller and is a legal, valid and
binding obligation of Seller, enforceable in accordance with its terms, except
as enforcement may be limited by (i) bankruptcy, insolvency, reorganization,
moratorium or similar laws or equitable principles relating to or limiting
creditors' rights generally or (ii) general principles of equity (regardless of
whether such principles are considered in a proceeding in equity or at law).
Except with respect to the Lease, which representation is described in Section
4.5 hereof, this Agreement does not constitute a breach or violation of any
agreement of either Seller or Ride.

                4.3 TITLE TO THE PURCHASED ASSETS. Seller has good and
marketable title to the Assets, free and clear of any liens, mortgages, pledges,
encumbrances, security interests, restrictions, covenants, adverse claims and
charges of any kind other than those set forth on Schedule 4.3 to the Disclosure
Memorandum.

                4.4 NATURE AND CONDITION OF ASSETS. The description of the
Assets set forth on Schedule 2.1 to the Disclosure Memorandum is an accurate and
complete description of all material Assets used in the conduct of the Business,
except for the Excluded Assets. The Assets 



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are in good condition and repair, except for normal wear and tear, and are
adequate for the uses to which each is being put by Seller. Except as disclosed
on Schedule 4.4 to the Disclosure Memorandum, all inventories of finished goods,
work in process, parts and supplies are, to the best knowledge of Seller, of
good and merchantable quality, saleable or useable in accordance with customary
business practices within a reasonable period of time in the ordinary course of
business.

                4.5 LEASES. The lease ("Lease") creating Seller's leasehold
interests in the Real Estate is described on Schedule 4.5 to the Disclosure
Memorandum. Other than the Lease, there are no leases, subleases, tenancies or
licenses of any portion of the Real Estate. Except as disclosed on Schedule 4.5
to the Disclosure Memorandum, the Lease is valid, in full force and effect and
there are no existing defaults by Seller, or to Seller's knowledge the Landlord,
and Seller has not received notice of default with respect to the Lease, nor has
there been any event which with the giving of a notice, or the lapse of time, or
both, would constitute a default thereunder.

                4.6 LABOR RELATIONS; EMPLOYMENT. Seller is not a party to any
collective bargaining contracts nor any other contracts or understandings with
any labor unions or any other representative of the Seller's employees and no
collective bargaining agreement is currently being negotiated by Seller. Except
as disclosed on Schedule 4.6 to the Disclosure Memorandum, Seller is not a party
to any written employment agreement with any of its officers, directors,
employees, consultants, agents or other persons, and any such agreement is
terminable by Seller at will without penalty or cost to such Person, except as
prohibited by applicable law. Seller maintains no "employee welfare benefit
plan" or "employee pension benefit plan" as such terms are defined under the
Employee Retirement Income Security Act of 1974, as amended.

                4.7 ARMS-LENGTH TRANSACTION. The consideration under this
Agreement has been negotiated in good faith, at arms-length and is supported by
valuable consideration, the evaluation and appropriateness thereof having been
dully considered and approved by Seller.

                4.8 CLAIMS, PROCEEDINGS. To Seller's actual knowledge, there are
no claims, actions suits, investigations or proceedings, pending or threatened
against Seller before any court or governmental or non-governmental department,
commission, board, agency or instrumentality, or any other person which, if
resolved adversely to Seller, would preclude Seller from satisfying any material
obligation under this Agreement.

                4.9 NO BREACH OR VIOLATION. To Seller's actual knowledge, the
execution and performance of this Agreement shall not cause a breach or
violation of any other agreement or covenant of Seller with any third party.

        5. REPRESENTATIONS AND WARRANTIES OF PURCHASER AND SMP AUSTRALIA. To
induce Seller to enter into this Agreement, Purchaser and SMP Australia each
represents and warrants to Seller as follows:



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                5.1 LEGAL STATUS OF PURCHASER. Purchaser is a corporation duly
organized, validly existing and in good standing under the laws of the State of
California has all requisite corporate power and authority to acquire the
Assets, and to carry on its business as it is now being conducted. Purchaser has
full power and authority to execute, deliver and perform this Agreement.

                5.2 DUE AUTHORIZATION AND EXECUTION. This Agreement has been
duly authorized, executed and delivered by Purchaser and is a legal, valid and
binding obligation of Purchaser, enforceable in accordance with its terms,
except as enforcement may be limited by (i) bankruptcy, insolvency,
reorganization, moratorium or similar laws or equitable principles is relating
to or limiting creditors' rights generally or (ii) general principles of equity
(regardless of whether such principles are considered in a proceeding in equity
or at law).

                5.3 LEGAL PROCEEDINGS. There are no claims, actions, suits,
arbitrations, proceedings or investigations pending or, to the best knowledge of
Purchaser after due inquiry, threatened against Purchaser before or by any court
or governmental or non-governmental department, commission, board, bureau,
agency, instrumentality, or any other Person which if resolved adverse to
Purchaser would preclude Purchaser from satisfying any material obligation under
this Agreement.

                5.4 ARMS-LENGTH TRANSACTION. The consideration under this
Agreement has been negotiated in good faith, at arms-length and is supported by
valuable consideration, the evaluation and appropriateness thereof having been
dully considered and approved by Purchaser.

                5.5 NO BREACH OR VIOLATION. To Purchaser's actual knowledge, the
execution and performance of this Agreement shall not cause a breach or
violation of any other agreement or covenant of Purchaser with any third party.

                5.6 EXECUTION AND DELIVERY OF UCC-1 FINANCING STATEMENT. Within
three (3) business days of receipt from Seller of the appropriate UCC-1
Financing Statement describing the Property, Purchaser shall duly execute for
filing with the California Secretary of State and return such document directly
to Seller.

        6. COVENANTS OF THE PARTIES.

                6.1 COVENANTS OF SELLER. Seller covenants and agrees with
Purchaser to perform and observe the following:

                        6.1.1 INSPECTION. From the date of this Agreement to and
including the Closing Date, Seller will grant to Purchaser, its representatives,
employees, accountants and attorneys full access to, and the opportunity to
examine, and make copies of, all books, records, documents, instruments and
papers of Seller, and the right during normal business hours to inspect all of
Seller's properties, assets and operations and Seller will cause its agents,



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employees, managers, attorneys and accountants to furnish such additional
information as Purchaser shall from time to time reasonably request.

                        6.1.2 COOPERATION. Seller and Ride will fully cooperate
with Purchaser and with Purchaser's counsel and accountants in connection with
any steps required to be taken as part of Seller's obligations under this
Agreement. Seller and Ride will each use its best efforts to cause all
conditions to the parties' obligations to effect the Closing under this
Agreement to be satisfied as promptly as reasonably possible and to obtain all
consents and approvals necessary for the due performance of this Agreement and
for the satisfaction of the conditions hereof.

                        6.1.3 ADVICE OF CLAIMS. From the date of this Agreement
to and including the Closing Date, Seller will promptly advise Purchaser in
writing of the commencement or notice of any claims, litigation or proceedings
against or affecting Seller (and Ride to the extent any such claims relate to
the transactions contemplated by this Agreement and the Intellectual Property
Agreement).

                        6.1.4 CONDUCT PRIOR TO THE CLOSING. From the date of
this Agreement to and including the Closing Date, except as specifically
provided in this Agreement or otherwise specifically approved in each instance
in writing by Purchaser:

                                 (a) Seller will not knowingly take any action
or, insofar as it is able to do so, suffer to be taken any action which will
cause any representation, warranty or schedule to this Agreement to be untrue at
the Closing Date;

                                 (b) Seller will carry on the Business in the
ordinary course, and Seller shall not institute any materially new methods of
manufacturing, purchasing, selling, leasing, management, accounting or operation
or engage in any transaction or activity, enter into any agreement or make any
commitment, except in the ordinary course of business;

                        6.1.5 DELIVERY OF PURCHASED ASSETS. Commencing on the
Closing Date and continuing thereafter, Seller shall cause to be delivered into
the possession or control of Purchaser all of the Assets, which shall include,
without limitation, the original copies of contracts and the original copies of
all records, files, documents, correspondence and papers pertaining to the
Assets; provided Seller shall be entitled to retain such records for such
limited period of time as may be required by applicable governmental regulation.

                        6.1.6 USE OF NAMES. As of the Closing, Seller will
refrain from using "SMP", the SMP delta-Logo, and any similar names or marks as
a trade name, trademark or service mark in connection with any business or
activity, and within thirty (30) days of the Closing Date, Seller will change
its corporate name to a name the parties mutually agree upon. Seller will work
diligently with Purchaser from and after the Closing Date to notify all relevant
parties of the consummation of the transactions contemplated by this Agreement
and the Asset Purchase Agreement.



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                        6.1.7 FURTHER ACTIONS. Seller shall, at any time and
upon the reasonable request of Purchaser, do, execute, acknowledge and deliver
or shall cause to be done, executed, acknowledged and delivered all such further
acts, assignments, transfers, conveyances, assurances and other instruments as
may be reasonably required for the transferring, conveying, assigning,
delivering, assuring and assisting in collecting and reducing to the possession
of Purchaser of any and all of the Assets.

                        6.1.9 EMPLOYEES. At the request of Purchaser, Seller
shall assist Purchaser in transitioning employees and retaining any independent
contractors of Seller. Purchaser is under no obligation to hire any employee or
retain any independent contractor of Seller, but is free to do so in its sole
discretion. Seller shall remain solely liable for, and shall indemnify and hold
Purchaser harmless from, all liabilities and obligations, including all wages,
benefits, severance, medical, dental and optical claims, disability payments,
insurance claims of any type or nature, and retirement and vacation benefits, of
Sellers with respect to Seller's past and present employment of all current and
former employees arising or accruing through the Closing Date. With respect to
such employees, Seller shall have sole responsibility for complying with, and
shall retain all liabilities and obligations resulting from any noncompliance
with, the requirements of COBRA, the WARN Act and any termination of employment
caused by reduction in work force, shutdown, plant closure, or other employment
termination or practice in connection with the transactions contemplated by this
Agreement.

                6.2 COVENANTS OF PURCHASER.

                        6.2.1 COOPERATION; BEST EFFORTS. Purchaser and SMP
Australia each covenants and agrees with Seller to fully cooperate with Seller
and with its counsel in connection with any steps required to be taken as part
of Purchaser's obligations under this Agreement. Purchaser and SMP Australia
will each use its best efforts to cause all conditions to the parties'
obligations to effect the Closing under this Agreement to be satisfied as
promptly as possible and to obtain all consents and approvals necessary for the
due and punctual performance of this Agreement and for the satisfaction of the
conditions hereof.

                        6.2.2 EMPLOYEES. Purchaser shall assume, perform, pay
and indemnify and hold Seller harmless from, any obligations or liabilities to
any employee or independent contractor of the Business arising from or related
to acts and omissions of Purchaser from and after the Closing Date, including
without limitation, all compensation, employer taxes and benefit obligations
arising from and after the Closing Date.

        7. CONDITIONS PRECEDENT TO OBLIGATIONS OF PURCHASER. The obligations of
Purchaser to perform and observe the covenants, agreements and conditions hereof
to be performed and observed by it at the Closing shall be subject to the
satisfaction of the following conditions, any one or more of which may be waived
by Purchaser. If any one of the following conditions precedent is not fully
satisfied or waived by Purchaser, by the applicable dates set forth below,
Purchaser may elect to terminate this Agreement:



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                7.1 ACCURACY OF REPRESENTATIONS AND WARRANTIES; COMPLIANCE WITH
COVENANTS. The representations and warranties of Seller contained herein shall
have been true when made and shall be true on and as of the Closing Date with
the same force and effect as if again made on and as of such date, and Seller
shall have performed all obligations and agreements and complied with all
covenants and conditions contained in this Agreement to be performed and
complied with by it on or prior to the Closing Date.

                7.2 SELLER'S CERTIFICATE. Purchaser shall have received a
certificate from Seller, dated the Closing Date, substantially in the form of
Exhibit 7.2, certifying that all of the conditions set forth in Section 7 to be
fulfilled by Seller has been fulfilled and the representations and warranties of
Seller herein are true and correct on and as of the Closing Date as if again
made on and as of the Closing Date.

                7.3 CONSENTS; GOVERNMENTAL FILINGS. There shall have been
obtained, in writing, (a) all consents and approvals which the Schedules to the
Disclosure Memorandum indicate are required to be obtained prior to or on the
Closing Date, and (b) estoppel certificates and consent to sublease from the
lessor(s) of the Real Estate, which consents, approvals and estoppel
certificates shall be in form and substance acceptable to Purchaser (to be
obtained by Seller within twenty [20] days following the Closing Date). All
expenses incurred in connection with the obtaining of such consents, approvals
and estoppel certificates shall be paid by Seller.

                7.4 LEGAL PROCEEDINGS. No order of any court or administrative
agency shall be in effect which enjoins, restrains, conditions or prohibits
consummation of this Agreement, and no litigation, investigation or
administrative proceeding shall be pending or threatened which would enjoin,
restrain, condition or prevent consummation of the transactions contemplated by
this Agreement.

                7.5 NO ADVERSE CHANGE. Between the date of this Agreement and
the Closing Date, there shall have been no material adverse change in the
business, prospects, assets or results of operation, or in the condition,
financial or otherwise, of Seller.

                7.6 DUE DILIGENCE. Purchaser and its representatives,
accountants and legal counsel shall have been afforded full and free access to
corporate books, financial statements, records, contracts, documents, title
reports and other information concerning Seller, the Assets, the Real Estate and
the Property, and to the offices and facilities of Seller, shall have been
afforded an opportunity to ask such questions of and receive answers from
Seller's officers, managers, agents, independent accountants and representatives
concerning the business, Seller's operations, prospects, financial condition,
assets, liabilities, and other relevant matters as they may have deemed
reasonably necessary or desirable, and shall have determined to Purchaser's
satisfaction, in its reasonable discretion, that closing of the transactions
contemplated herein is in Purchaser's best interests.



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                7.7 FINANCING. Purchaser shall have obtained financing in an
amount and upon such terms as Purchaser, in its sole reasonable business
judgment, deems sufficient to consummate and perform the transactions
contemplated by this Agreement.

                7.8 CIT APPROVAL. CIT will have confirmed in writing to Seller,
in form attached as Schedule 7.8 to the Disclosure Memorandum, CIT's intent to
comply with the steps described in Section 3.2.4.

        8. CONDITIONS PRECEDENT TO OBLIGATIONS OF SELLER. The obligations of
Seller to perform and observe the covenants, agreements and conditions hereof to
be performed and observed by it at the Closing shall be subject to the
satisfaction of the following conditions, any one or more of which may be
expressly waived in writing by Seller. If any one of the following conditions
precedent is not fully satisfied, or waived by Seller, by the applicable dates
set forth below, Seller may elect to terminate this Agreement:

                8.1 ACCURACY OF REPRESENTATIONS AND WARRANTIES; COMPLIANCE WITH
COVENANTS. The representations and warranties of Purchaser contained herein
shall have been true when made and shall be true on and as of the Closing Date
with the same force and effect as if again made on and as of such date.
Purchaser shall have performed all obligations and agreements and complied with
all covenants and conditions contained in this Agreement to be performed and
complied with by it on or prior to the Closing Date.

                8.2 PURCHASER'S CERTIFICATE. Seller shall have received a
certificate from Purchaser, dated as of the Closing Date, substantially in the
form of Exhibit 8.2 certifying that all of the conditions set forth in Section
8.1 to be fulfilled by Purchaser have been fulfilled and the representations and
warranties of Purchaser herein are true and correct on and as of the Closing
Date as if again made on and as of the Closing Date.

                8.3 GOVERNMENTAL FILINGS. All filings and applications required
by applicable law to be made with or to any governmental entity in connection
with the transactions contemplated by this Agreement shall have been made and
all waiting periods specified by applicable law shall have expired or been
earlier terminated without there being any continuing objection to the
transactions contemplated hereby.

                8.4 LEGAL PROCEEDINGS. No order of any court or administrative
agency shall be in effect which enjoins, restrains, conditions or prohibits
consummation of this Agreement, and no litigation, investigation or
administrative proceeding shall be pending or threatened which would enjoin,
restrain, condition or prevent consummation of this Agreement.

                8.5 FINANCING. Purchaser shall have obtained financing in an
amount and upon such terms as Seller, in its sole reasonable business judgment,
deems sufficient to consummate and perform the transactions contemplated by this
Agreement.



                                       13
<PAGE>   14

                8.6 CIT APPROVAL. CIT will have confirmed in writing to Seller,
in form attached as Schedule 7.8 to the Disclosure Memorandum, CIT's intent to
comply with the steps described in Section 3.2.4.

        9. INDEMNIFICATION AND SURVIVAL OF WARRANTIES.

                9.1 INDEMNIFICATION.

                        9.1.1 BY SELLER AND RIDE. Seller and Ride agree to
indemnify Purchaser and to hold Purchaser harmless against and in respect of any
and all losses, damages, costs and expenses, including reasonable attorneys' and
accountants' fees incurred by Purchaser by (i) reason of a breach of any of the
representations, warranties, covenants or agreements made by Seller and Ride in
this Agreement, or in any other instrument or agreement related hereto or
executed in connection herewith, or in any written statement or certificate
delivered to Purchaser or any agent of Purchaser in connection with this
Agreement or the transactions contemplated hereby or (ii) operation of Article 6
of the Uniform Commercial Code as codified in Washington. As used in this
Section 9.1.1, the term "Purchaser" shall include each officer, director and
shareholder of Purchaser.

                        9.1.2 BY PURCHASER AND SMP AUSTRALIA. Purchaser and SMP
Australia agree to indemnify and to hold Seller harmless against and in respect
of any and all losses, damages, costs and expenses, including reasonable
attorneys' and accountants' fees, incurred by Seller by reason of a breach of
any of the representations, warranties, covenants or agreements made by
Purchaser and SMP Australia in this Agreement and the Notes, or in any other
instrument or agreement related hereto or certificate delivered to Seller in
connection with this Agreement, the Notes or the respective transactions
contemplated hereby. As used in this Section 9.1.2, the term "Seller" shall
include each officer, director and shareholder of Seller.

                        9.1.3 NOTICE. The party entitled to indemnification
hereunder (the "Indemnitee") shall promptly notify in writing the party against
whom indemnification is sought hereunder (the "Indemnitor") of any matters which
may give rise to the right to indemnification hereunder.

                        9.1.4 CLAIMS. If the Indemnitee is threatened with any
claim or any claim is presented to, or any action or proceeding commenced
against, the Indemnitee which may give rise to the right of indemnification
hereunder, the Indemnitee will promptly give written notice thereof to the
Indemnitor The Indemnitor, by delivery of written notice to the Indemnitee
within twenty (20) days of receipt of written notice for indemnity from the
Indemnitee, may elect to contest such claim, action or proceeding, in which
event such contest shall lie conducted in such manner as the Indemnitor deems
necessary or advisable; provided, however, that (a) such written notice shall be
accompanied by a written acknowledgment of the Indemnitor's liability for the
indemnified liabilities and any further loss, damage or expense that the
Indemnitee might suffer as a result of the election to contest such claim,
action or proceeding, (b) the counsel undertaking the defense of such claim,
action or proceeding shall be reasonably acceptable to the 



                                       14
<PAGE>   15

Indemnitee, and (c) if the Indemnitee requests in writing that such claim,
action or proceeding not be contested, then it shall not be contested but shall
also not be covered by the indemnities provided herein. The Indemnitor shall not
have the right to settle an indemnifiable matter except with the consent of the
Indemnitee which shall not be unreasonably withheld, after delivering a written
description of the proposed settlement to, and receiving consent from, the
Indemnitee and, if the Indemnitor is able to achieve such settlement, the
Indemnitor may satisfy its obligations with respect to such indemnified
liabilities by consummating such settlement. If the Indemnitor does not elect to
contest an indemnifiable matter, the Indemnitee shall have the right to
prosecute, defend, compromise, settle or pay any claim, but the Indemnitee shall
not be obligated to do so. The Indemnitee and the Indemnitor shall cooperate
with each other in connection with any matter or claim for indemnification.

                        9.1.5 EFFECT OF FAILURE TO GIVE NOTICE. Failure to give
any notice shall not affect an Indemnitee's right to indemnity except to the
extent the Indemnitor has been prejudiced thereby.

                9.2 SURVIVAL. Notwithstanding any investigation made by Seller
or Purchaser, the representations and warranties of Seller and of Purchaser
contained in this Agreement and all statements contained in any certificate or
other instrument delivered by Seller or Purchaser pursuant to this Agreement or
in connection with the transactions contemplated hereby (which shall be deemed
to be representations and warranties of such party hereunder) shall survive the
Closing only until the first anniversary of the Closing Date.

                9.3 MINIMUM. Notwithstanding any other provision in this Section
9, an Indemnitee shall be entitled to indemnification for losses, damages, costs
and expenses only if and to the extent the aggregate indemnifiable amount (but
not as to each occasion) exceeds Ten Thousand Dollars (U.S. $10,000).

                9.5 NONEXCLUSIVE. The rights, powers and remedies of the parties
under this Agreement are cumulative and not exclusive of any other right, power
or remedy which such parties may have under any other agreement or law. No
single or partial assertion or exercise of any right, power or remedy of a party
hereunder shall preclude any other further assertion or exercise thereof.

                9.6 DISPUTE RESOLUTION. In the event of a dispute between the
parties in connection with this Agreement and any Exhibit or other instrument
required to give effect to the provisions hereof, such dispute shall be
submitted to mediation for resolution before an impartial mediator experienced
in commercial matters generally, and who is mutually agreeable to the parties.
The mediation shall be held in Seattle or San Diego pursuant to Washington or
California law, as the case may be, the decision thereof shall be binding and
enforceable in a court of competent jurisdiction, and the costs thereof shall be
awarded to the substantially prevailing party. Nothing contained within this
paragraph shall require Seller to commence mediation as provided for in this
paragraph in the event Seller avails itself of its foreclosure 



                                       15
<PAGE>   16

rights on Seller's security interest in the Property in conformance with the
provisions of Paragraph 3.2.2.3 above.

        10. TERMINATION. This Agreement may be terminated at any time prior to
the Closing Date by the mutual written consent of Seller and Purchaser or by the
non-breaching party in the event of a breach of a representation, warranty or
covenant, and may be terminated at the election of either party if the Closing
has not occurred prior to November 2, 1998; provided, however, that the right to
terminate this Agreement under this clause shall not be available to the party
whose failure to fulfill any obligation under this Agreement has been the cause
or resulted in the failure of the Closing to occur on or before the date
specified in Section 3.1.

        11. NOTICES. Any notice or demand desired or required to be given
hereunder shall be in writing and deemed given when personally delivered, or
deposited in the mail, postage prepaid, sent certified or registered, or
delivered to an overnight carrier or sent by facsimile and addressed as
respectively set forth below or to such other address as any party shall have
previously designated by such a notice. Any notice so delivered personally, by
U.S. or Australian Postal Service, by overnight carrier or by facsimile shall be
deemed to be received on the date of delivery to such carrier or on the date of
electronic confirmation of transmission if by facsimile. Notices shall be sent
as follows:



            TO SELLER:

                        SMP Clothing, Inc.
                        8160 304th Avenue, SE
                        Preston, Washington 98050
                        Attention: David H. Davis
                        (tel) 425-222-8275
                        (fax) 425-222-6379

            with a copy to:

                        Summit Law Group
                        1505 Westlake Avenue North
                        Suite 300
                        Seattle, Washington 98109
                        Attention: Michael J. Erickson
                        (tel) 206-281-9881
                        (fax) 206-281-8892

            TO PURCHASER:

                        Eugene King



                                       16
<PAGE>   17

                     SMP [U.S.A.] Inc.
                     Fourth Floor, 1199 Kippax St.
                     Surry Hills N.S.W.
                     Australia 2010
                     (tel) 61 2 9281 1106
                     (fax) 61 2 9281 1107

with a copies to:

                     Warwick Colbron                      Norman Nouskajian
                     Suites 1903 & 514, Eastpoint Tower   12625 High Bluff Drive
                     180 Ocean Street                     Suite 201
                     Edgecliff, N.S.W.                    San Diego, CA  92103
                     Australia 2027                       (tel) 619-793-2100
                     (tel) 61 2 9362 3053                 (fax) 619-793-2103
                     (fax)61 2 9327 3533

        12. GENERAL.

                12.1 AMENDMENT. The parties hereto may amend, modify or
supplement this Agreement at any time, but only in writing duly executed on
behalf of all parties hereto.

                12.2 ENTIRE UNDERSTANDING. The terms set forth in this Agreement
supersede all previous discussions, understandings and agreements between them
with respect to the subject matter hereof, and are intended by the parties as a
final, complete and exclusive expression of the terms of their agreement and may
not be contradicted, explained or supplemented by evidence of any prior
agreement, any contemporaneous oral agreement or any additional terms.

                12.3 WAIVERS. Any terms, covenants, representations, warranties
or agreements of any party hereto may be waived at any time by an instrument in
writing executed by the party for whose benefit such terms exist. The failure of
any party at any time or times to require performance of any provisions hereof
shall in no manner affect its right at a later time to enforce the same. No
waiver by any party of any condition or of any breach of any terms, covenants,
representations, warranties or agreements contained in this Agreement shall be
effective unless in writing, and no waiver in any one or more instances shall be
deemed to be a further or continuing waiver of any such condition or breach in
other instances or a waiver of any other condition or any breach of any other
terms, covenants, representations, warranties or agreements.

                12.4 HEADINGS. The headings preceding the text of the Sections
of this Agreement are for convenience only and shall not be deemed parts
thereof.

                12.5 [INTENTIONALLY OMITTED].



                                       17
<PAGE>   18

                12.6 BULK SALES. Purchaser hereby waives compliance with the
Bulk Sales laws of the State of California and Seller agrees to indemnify and
hold harmless Purchaser from, and reimburse Purchaser for, any and all claims,
liabilities or obligations that Purchaser may suffer or incur by virtue of such
noncompliance, including reasonable attorneys' fees and costs.

                12.7 PARTIES IN INTEREST; ASSIGNMENT. All of the terms and
provisions of this Agreement shall be binding upon and inure to the benefit of
and be enforceable by the respective successors and permitted assigns of the
parties hereto, whether herein so expressed or not. Purchaser may without the
consent of Seller assign its rights hereunder to any corporation controlling,
controlled by or under common control with Purchaser or any general or limited
partnership in which Purchaser is a general partner, but no such assignment
shall relieve Purchaser from liability for breach of any of its obligations
hereunder, including without limitation, its indemnity obligations set forth in
Section 9 hereof. Neither this Agreement nor any of the rights, interests or
obligations hereunder of any party hereto shall otherwise be assigned without
the prior written consent of the other parties.

                12.8 PUBLICITY. Prior to the closing of this Agreement, neither
of the parties hereto shall make or issue, or cause to be made or issued, any
announcement or written statement concerning this Agreement or the transactions
contemplated hereby for dissemination to the general public without the prior
consent of the other party, unless Seller determines on the advice of securities
counsel that disclosure is required by applicable securities laws in which event
Purchaser will give Seller reasonable advance notice of such disclosure.

                12.9 ATTORNEYS' FEES. In the event of any action to enforce any
provision of this Agreement, or on account of any default under or breach of
this Agreement, the prevailing party in such action shall be entitled to
recover, in addition to all other relief, from the other party all reasonable
attorneys' fees and costs incurred by the prevailing party in connection with
such action (including, but not limited to, any appeal thereof).


IN WITNESS WHEREOF, the parties hereto have entered into and signed this
Agreement as of the date and year first above written.


SELLER:

SMP CLOTHING, INC.                          RIDE, INC.



By:_______________________________          By:_________________________________
   David H. Davis, Secretary                   David H. Davis, Secretary



                                       18
<PAGE>   19

PURCHASER:

SMP [U.S.A.] INC.                           S.M.P. CLOTHING PTY LTD.



By:_______________________________          By:_________________________________
   Eugene King, President                      Eugene King, President



                                       19
<PAGE>   20

Exhibits


2.6         Promissory Note

3.2.1       Bill of Sale

7.2         Form of Seller's Certificate

8.2         Form of Purchaser's Certificate



                                       20
<PAGE>   21

                                                                    EXHIBIT 2.6a

                                PROMISSORY NOTE


US $1,411,127                                                   November 9, 1998
                                                           San Diego, California

        1. Promise to Pay. FOR VALUE RECEIVED, the undersigned (together,
"Maker"), promises to pay to the order of SMP Clothing, Inc., a Washington
corporation ("Holder") at 8160 - 304th Avenue SE, Preston, Washington, 98050 or
at such other place as Holder may from time to time designate in writing, the
principal sum of US One Million Four Hundred Eleven Thousand One Hundred
Twenty-Seven and No/100 US Dollars (US$1,411,127), together with interest on the
unpaid principal balance thereof, as provided below.

        2. Interest. The outstanding principal balance of this Note shall bear
interest at the rate of two percent (2%) per month from the date hereof until
paid in full (the "Interest Rate"). Interest shall be computed on a daily basis
and shall be fully due and payable on the Maturity Date.

        3. Payment. Maker shall pay the principal and interest and any fees and
costs required under this Note in installments each in denominations of not less
than Twenty Thousand and No/100 Dollars ($20,000.00) as follows:

                3.1 Principal and Interest Payments. Principal and interest
        shall be payable in so many installments as Maker may elect; provided
        the entire obligation due Holder hereunder shall be due, payable and
        satisfied by Maker on or before March 1, 1999 ("Maturity Date").
        Notwithstanding the foregoing, Maker shall make a principal payment of
        Five Hundred Thousand and No/100 US Dollars (US$500,000) on or before
        December 31, 1998, Three Hundred Seventeen Thousand Four Hundred One and
        No/100 US Dollars (US$317,401) on or before January 31, 1999 and Two
        Hundred Sixty-Four Thousand Eleven Dollars (US$264,011) on or before
        February 28, 1999.

                3.2 Method of Payment. Maker shall make all payments required
        hereunder by wire transfer in same day funds to the following account or
        such other account as Holder may designate to Maker in writing: Bank of
        America, #121000358, CIT Group/Credit, #1233055591, Reference: SMP -
        RIDE.

                3.3 Application of Payments. All payments shall be applied first
        to any fees and costs due hereunder, then to the unpaid principal
        balance and finally to accrued and unpaid interest.

        4. Default. If Maker defaults under the terms of that certain
Intellectual Property Purchase Agreement of even date ("Assignment Agreement"),
between SMP Clothing [International] PTY Ltd., SMP Clothing, Inc. and Holder,
which among other things secures the indebtedness of Maker to Holder evidenced
hereby, upon ten (10) days written notice thereof to Maker, or any time
thereafter, at the option of Holder, without demand or further notice, the
outstanding balance of this Note, together with all interest accrued thereon and
all costs and expenses due under this Note shall become immediately due and
payable and shall bear interest at the Interest Rate, plus five percent (5%)
(the "Default Rate"), until paid in full, and all liens given to secure the
payment thereof, including without limitation, all liens provided by and created
under the Assignment Agreement, may be immediately foreclosed; provided such
foreclosure shall be deemed to 



                                       21
<PAGE>   22

satisfy in full the then outstanding obligations evidenced hereby. Failure to
exercise this option, or any other right Holder may in such event be entitled
to, shall not constitute a waiver of the right to exercise such option or any
other right in the event of any subsequent default.

        5. Attorneys' Fees and Costs. If this Note is placed in the hands of an
attorney for collection, Maker promises to pay Holder's reasonable attorneys'
fees and all costs actually incurred in the collection process. Such fees and
costs shall become part of the indebtedness evidenced by this Note, and shall
bear interest at the Default Rate.

        6. Prepayment. Maker may prepay all or any portion of the sums due under
this Note without notice or penalty.

        7. Security. This Note is secured by a security interest in the
Property, as that term is defined in the Intellectual Property Agreement.

        8. Purpose. Maker represents and warrants to Holder that all sums owing
under this Note are solely intended for a business purpose, and not for consumer
or household purposes.

        9. Liability. Maker shall be jointly and severally liable for all
obligations arising hereunder. Maker hereby waives demand, presentment for
payment, protest and notice of protest and of nonpayment and agrees that any
modification or extension of the terms of payment made by Holder, with or
without notice, at the request of Maker or otherwise, or any release of all or
any portion of the security from the lien of Holder's security interest therein,
shall not diminish or impair Maker's liability for the payment of all amounts
due hereunder.

        10. Successors. All of the covenants, provisions and conditions herein
contained are made on behalf of and shall apply to and bind the respective
officers, directors, shareholders, employees, heirs, personal representatives,
estates, marital communities, trustees, agents, successors, and assigns of Maker
and Holder, however in no case shall personal liability attach to any said
person, firm or entity beyond that arising under applicable for profit
corporation statutory provisions.


MAKER:

SMP [U.S.A.] INC.                           S.M.P. Clothing PTY Ltd.



By:_______________________________          By:_________________________________
   Eugene King, President                      Eugene King, President



                                       22
<PAGE>   23

                                                                    EXHIBIT 2.6b

                                PROMISSORY NOTE


US $67,401                                                      November 9, 1998
                                                           San Diego, California


        1. Promise to Pay. FOR VALUE RECEIVED, the undersigned (together,
"Maker"), promises to pay to the order of SMP Clothing, Inc., a Washington
corporation ("Holder") at 8160 - 304th Avenue SE, Preston, Washington, 98050 or
at such other place as Holder may from time to time designate in writing, the
principal sum of US Sixty-seven Thousand Four Hundred One and No/100 Dollars (US
$67,401.00), together with interest on the unpaid principal balance thereof, as
provided below.

        2. Interest. The outstanding principal balance of this Note shall not
bear interest; provided no default in payment under Section 4 hereof exists:

        3. Payment. Maker shall pay the principal as follows:

                3.1 Principal Payments. Principal shall be payable in so many
        installments as Maker may elect; provided the entire obligation due
        Holder hereunder shall be due, payable and satisfied by Maker on or
        before January 31, 1999 ("Maturity Date").

                3.2 Method of Payment. Maker shall make all payments required
        hereunder by wire transfer in same day funds to the following account or
        such other account as Holder may designate to Maker in writing: Bank of
        America, #121000358, CIT Group/Credit, #1233055591, Reference: SMP -
        RIDE.

                3.3 Application of Payments. All payments shall be applied first
        to any fees and costs due hereunder, then to reduction of the then
        unpaid principal balance.

        4. Default. If Maker defaults under the terms of that certain
Intellectual Property Purchase Agreement of even date ("Assignment Agreement"),
between SMP Clothing [International] PTY Ltd., SMP Clothing, Inc. and Holder,
which among other things secures the indebtedness of Maker to Holder evidenced
hereby, upon ten (10) days written notice thereof to Maker, or any time
thereafter, at the option of Holder, without demand or further notice, the
outstanding balance of this Note, together with all interest accrued thereon and
all costs and expenses due under this Note shall become immediately due and
payable and shall bear interest at the rate of five percent (5%) per month (the
"Default Rate"), until paid in full, and all liens given to secure the payment
thereof, including without limitation, all liens provided by and created under
the Assignment Agreement, may be immediately foreclosed; provided such
foreclosure shall be deemed to satisfy in full the then outstanding obligations
evidenced hereby. Failure to exercise this option, or any other right Holder may
in such event be entitled to, shall not constitute a waiver of the right to
exercise such option or any other right in the event of any subsequent default.

        5. Attorneys' Fees and Costs. If this Note is placed in the hands of an
attorney for collection, Maker promises to pay Holder's reasonable attorneys'
fees and all costs actually incurred in the collection 



                                       23
<PAGE>   24

process. Such fees and costs shall become part of the indebtedness evidenced by
this Note, and shall bear interest at the Default Rate.

        6. Prepayment. Maker may prepay all or any portion of the sums due under
this Note without notice or penalty.

        7. Security. This Note is secured by a security interest in the
Property, as that term is defined in the Intellectual Property Agreement.

        8. Purpose. Maker represents and warrants to Holder that all sums owing
under this Note are solely intended for a business purpose, and not for consumer
or household purposes.

        9. Liability. Maker shall be jointly and severally liable for all
obligations arising hereunder. Maker hereby waives demand, presentment for
payment, protest and notice of protest and of nonpayment and agrees that any
modification or extension of the terms of payment made by Holder, with or
without notice, at the request of Maker or otherwise, or any release of all or
any portion of the security from the lien of Holder's security interest therein,
shall not diminish or impair Maker's liability for the payment of all amounts
due hereunder.

        10. Successors. All of the covenants, provisions and conditions herein
contained are made on behalf of and shall apply to and bind the respective
officers, directors, shareholders, employees, heirs, personal representatives,
estates, marital communities, trustees, agents, successors, and assigns of Maker
and Holder, however in no case shall personal liability attach to any said
person, firm or entity beyond that arising under applicable for profit
corporation statutory provisions.


MAKER:

SMP [U.S.A.] INC.                           S.M.P. Clothing PTY Ltd.



By:_______________________________          By:_________________________________
   Eugene King, President                      Eugene King, President



                                       24
<PAGE>   25

                                                                   EXHIBIT 3.2.1

                                  BILL OF SALE

        Pursuant to the Closing of that certain Asset Purchase Agreement, dated
as of November 2, 1998 (the "Agreement"), by and among SMP Clothing, Inc.
("Seller"), Ride, Inc., SMP [U.S.A.] Inc. ("Purchaser"), and S.M.P. Clothing PTY
Ltd., Seller does hereby sell, assign and transfer unto Purchaser all right,
title and interest in and to the Assets, as that term is defined in the
Agreement and more particularly described as follows:

                (i)     All those items of physical assets as described in that
                        certain certified appraisal of Karl Munzing, dated
                        August 20, 1998, plus miscellaneous items presently
                        situated at the Real Property as inspected by Purchaser.

                (ii)    All that inventory comprising finished goods and raw
                        materials situated at the Real Estate and inspected by
                        Purchaser to which an assigned value of US$793,025.32
                        has been given, together with work in progress at
                        vendors as agreed by Purchaser, and also together with
                        miscellaneous items situated at the Real Estate and
                        inspected by Purchaser to which no value has been
                        assigned.

        Seller hereby constitutes and appoints Purchaser as Seller's true and
lawful attorney and attorneys, with full power of substitution in Seller's name,
place and stead, on behalf and for the benefit of Purchaser, its successors and
assigns, to demand and receive any and all of the Assets, and to give receipts
and releases for and in respect of the same, and any part thereof, and from to
time to institute and prosecute in Purchaser's name, or otherwise, for the
benefit of Purchaser, its successors and assigns, any and all proceedings at
law, in equity or otherwise, which Purchaser may deem proper in order to collect
or reduce to its possession any of the Assets, and to do all acts and things
relating to the Assets which Purchaser shall deem desirable, Seller hereby
declaring that the foregoing powers are coupled with an interest and are and
shall be irrevocable by Seller and shall not be affected by its dissolution or
in any manner or for any reason whatsoever.

        IN WITNESS WHEREOF, Seller has caused this Bill of Sale to be executed
as of this ___ day of ____________, 1998.

                                            SMP CLOTHING, INC.



                                            By:_________________________________
                                               David H. Davis, Secretary



                                       25
<PAGE>   26

                                                                     EXHIBIT 7.2

                              SELLER'S CERTIFICATE

        The undersigned, David H. Davis, does hereby certify that:

        1. I am the duly elected and acting Secretary of SMP Clothing, Inc.
("SMP"), a party to that certain Asset Purchase Agreement dated as of November
2, 1998, by and between SMP, Ride, Inc., SMP [U.S.A.] Inc. and S.M.P. Clothing
PTY Ltd. (the "Agreement"), and I am authorized by SMP to execute and deliver
this Certificate pursuant to Section 7.2 of the Agreement.

        2. The representations and warranties of SMP contained in the Agreement
are true and correct of the date hereof as though such representations and
warranties are made on the date hereof.

        3. SMP has performed and complied with all of the obligations,
agreements, covenants and conditions contained in the Agreement to be performed
or complied with by SMP on or prior to the date hereof.

DATED: __________________, 1998.

                                            SMP CLOTHING, INC.



                                            ____________________________________
                                            David H. Davis, Secretary



                                       26
<PAGE>   27

                                                                     EXHIBIT 8.2

                             PURCHASER'S CERTIFICATE

        The undersigned, Eugene King, does hereby certify that:

        1. I am the duly elected and acting President of SMP [U.S.A.] Inc.
("S.M.P."), a party to that certain Asset Purchase Agreement, dated as of
November 2, 1998, by and between SMP Clothing, Inc., Ride, Inc., SMP Clothing
PTY Ltd. and S.M.P. (the "Agreement"), and I am authorized by S.M.P. to execute
and deliver this Certificate pursuant to Section 8.2 of the Agreement.

        2. The representations and warranties of S.M.P. contained in the
Agreement are true and correct of the date hereof as though such representations
and warranties are made on the date hereof.

        3. S.M.P. has performed and complied with all of the obligations,
agreements, covenants and conditions contained in the Agreement to be performed
or complied with by S.M.P. on or prior to the date hereof.

DATED: __________________, 1998.

                                            SMP [U.S.A.] INC.



                                            ____________________________________
                                            Eugene King, President



                                       27