EXHIBIT 4.1

                              OPTION ONE AGREEMENT

     THIS OPTION  AGREEMENT (this  "Agreement"),  dated as of March 1, 2002 (the
"Effective Date"), is between nStor  Technologies,  Inc. a Delaware  corporation
("Optionor"),  and  Pacific  Technology  Services,  Inc.,  a Nevada  corporation
("Optionee").

        WHEREAS,  Optionor desires to grant to Optionee an option to purchase an
equity  interest in Optionor,  subject to the terms and  conditions set forth in
this Agreement, and

        WHEREAS, there are approximately,  but not exceeding, 115 million shares
of Optionor's common stock currently issued and outstanding.

        NOW, THEREFORE, in consideration of the premises and covenants contained
herein, and for other good and valuable consideration,  the receipt and adequacy
of which is hereby acknowledged, the parties hereto agree as follows:

     1.   Option  Grant.  Optionor  hereby  grants to  Optionee a  nonassessable
          option to purchase up to 30 Million  newly-issued shares of Optionor's
          common  stock for a  purchase  price  equal to $0.40  per  share  (the
          "Option").

     2.   Term.  The term (the  "Term") of the  Option  shall be nine (9) months
          commencing on the Effective  Date hereof and extending  until midnight
          on November 30, 2002 (the "Expiration Date").

     3.   Exercise.  Optionee may exercise the Option,  in whole or in part,  at
          any time and  from  time to time  during  the Term of the  Option,  by
          giving  Optionor  written notice of Optionee's  intent to exercise the
          Option ("Notice"), pursuant to the notice provisions herein.

     4.   Closing.  The closing (the "Closing") of the exercise of the Option by
          Optionee  shall occur no later than ten (10) calendar  days  following
          the date on which  notice is deemed to have been  received by Optionor
          pursuant to Paragraph 8 of this Agreement.  At each Closing,  Optionee
          shall pay the respective purchase price to Optionor in cash via in one
          or more wire transfers,  or as otherwise agreed,  and shall furnish to
          Optionor an  acknowledgement  that the shares have been  purchased for
          investment  purposes and not with a view of resale.  At each  Closing,
          Optionor  shall  deliver the  certificates  evidencing  the  purchased
          interest and any instruments of transfer necessary to vest in Optionee
          good and  marketable  title to the  purchased  interest.  In the event
          Optionee does not pay the respective purchase price to Optionor within
          the prescribed ten (10) calendar  days,  Optionee's  right to exercise
          that  number of shares  which  would have been  issued at the  Closing
          shall be deemed to be terminated.

     5.   Termination.  This Agreement shall automatically terminate without any
          further  action of any party upon the  Expiration  Date,  and no party
          shall thereafter have any further obligations hereunder.

     6.   Representations  and Warranties of Optionor.  Optionor  represents and
          warrants to Optionee as follows:

          (a)  Optionor has the right,  power and  capacity to execute,  deliver
               and perform this  Agreement  and to consummate  the  transactions
               contemplated  hereby. The execution,  delivery and performance of
               this   Agreement  by  Optionor  and  the   consummation   of  the
               transactions contemplated hereby have been duly authorized by all
               necessary  corporate  action  on  the  part  of  Optionor.   This
               Agreement  has been duly and validly  executed  and  delivered by
               Optionor and constitutes the legal,  valid and binding obligation
               of Optionor, enforceable in accordance with its terms.

          (b)  Optionor  has,  and, on the date of each  Closing,  Optionor will
               have, full legal right,  power and authority to issue and deliver
               the purchased interest to Optionee.

          (c)  Optionor has reserved,  and will maintain at all times during the
               term of this Agreement, sufficient shares to fulfill the exercise
               in full of the Option.

          (d)  All shares representing purchased interests will, when issued, be
               duly authorized and validly issued, fully paid and nonassessable.

     7.   Representations  and Warranties of Optionee.  Optionee  represents and
          warrants to Optionor as follows:

          (a)  Optionee  has had an  opportunity  to conduct  due  diligence  to
               Optionee's  satisfaction  concerning  the terms and conditions of
               the Option and an investment in Optionor.

          (b)  Optionee  is  a   sophisticated   investor  with   knowledge  and
               experience  in  business  and  financial  matters  and/or  is  an
               accredited investor,  within the meaning of the Securities Act of
               1933, as amended.

          (c)  Upon exercise of the Option,  Optionee will acquire the equity in
               Optionor for investment purposes and not with a view of resale.

          (d)  Optionee  is  an  indirect  wholly-owned  subsidiary  of  Pacific
               Electric Wire & Cable Co., Ltd.

     8.   Notices. All notices,  demands,  and other communications  required or
          permitted  to be given  hereunder  shall be  deemed  to have been duly
          given and  received if in writing  and (a)  effective  immediately  if
          delivered  personally;  or (b) effective  seventy-two (72) hours after
          mailing if deposited in the United States mail,  first class,  postage
          prepaid,  registered  or certified  mail,  return  receipt  requested,
          addressed as set forth below; or (c) effective after  twenty-four (24)
          hours if sent by  facsimile  to a party's  fax number set forth  below
          and,  on the same day, a copy of said  notice is sent by a  nationally
          recognized  overnight courier (e.g., FedEx, DHL, etc.) to the party at
          such party's address set forth below:

        If to Optionor:           nStor Technologies, Inc.
                                  10140 Mesa Rim Road
                                  San Diego, CA 92121
                                  Attn: President
                                  Fax No: (858) 458-1613

        With courtesy copy to:    nStor Technologies, Inc.
                                  100 Century Blvd.
                                  West Palm Beach, FL 33417
                                  Attn: H. Irwin Levy
                                  Fax No. (561) 640-3160

        If to Optionee:           Pacific Technology Services, Inc.
                                  2740 N. Dallas Parkway, Suite 200
                                  Plano, TX 75093
                                  Attn: CEO
                                  Fax No. (972) 543-1601

        With courtesy copy to:    Pacific USA Holdings Corp.
                                  2740 N. Dallas Parkway, Suite 200
                                  Plano, TX 75093
                                  Attn: General Counsel
                                  Fax No. (972) 543-1601

        The addresses provided above may be changed by notice given to the other
parties  in  accordance  with this  Paragraph.  A party's  failure  to provide a
courtesy copy shall not invalidate  notice  otherwise  given in accordance  with
this Paragraph.

     9.   Closing Costs.  Each of Optionor and Optionee shall pay all of its own
          fees  and  expenses  in  connection   with  this   Agreement  and  the
          consummation  of  the  transactions   contemplated  hereby,  including
          without limitation all accounting,  legal and third-party consultants'
          fees and expenses; provided that Optionor shall pay any transfer taxes
          that  become due in  connection  with the  issuance to Optionee of any
          purchased interest.

     10.  Assignment.  The rights and  obligations  arising under this Agreement
          may not be assigned  without the prior  written  consent of  Optionor,
          which  consent  will  not  be  unreasonably  withheld;  provided  that
          Optionee  may,  upon  notice  to and  without  the  prior  consent  of
          Optionor,  assign its rights and  obligations  under this Agreement to
          any  affiliate  of  Optionee.  For  purposes  of  this  Agreement,  an
          affiliate  shall  mean any entity  owned more than 50% by Pacific  USA
          Holdings Corp., a Texas corporation.

     11.  Successors  and Assigns.  This  Agreement  shall bind and inure to the
          benefit of the  parties  hereto and their  respective  successors  and
          assigns.

     12.  Severability.  If any provision of this Agreement should be held to be
          invalid or  unenforceable,  the  validity  and  enforceability  of the
          remaining  provisions of this Agreement shall not be affected thereby,
          and the  unenforceable  provision  shall  be  enforced  to the  extent
          permitted by law.

     13.  Entire Agreement.  This Agreement embodies the complete  understanding
          and  agreement of each of the parties as to the matters  herein.  This
          Agreement may be modified and amended only by an instrument in writing
          executed by both parties.

     14.  Governing Law;  Choice of Venue.  This Agreement  shall be governed by
          the law of the State of California in all respects. The parties hereto
          irrevocably  and  unconditionally  submit  to  the  jurisdiction  of a
          federal or state court  located in the County of San Diego,  and State
          of California,  in connection with any proceedings commenced regarding
          this Agreement, and all parties irrevocably submit to the jurisdiction
          of  such  courts  for  the   determination   of  all  issues  in  such
          proceedings,  without  regard to any  principles of conflicts of laws,
          and irrevocably waive any objection to venue or inconvenient forum.

     15.  Counterparts.  This Agreement may be executed by facsimile in multiple
          counterparts,  each of which shall be deemed an  original,  and all of
          which  together  shall  be  deemed  to  constitute  one and  the  same
          instrument.

        IN WITNESS  WHEREOF,  the parties have caused this  Agreement to be duly
executed and delivered as of the date hereof.

                                          OPTIONOR:
                                          nStor Technologies, Inc.

                                          By: /s/ H. Irwin Levy
                                          Name: H. Irwin Levy
                                          Title: CEO V Chairman of the Board

                                          OPTIONEE:
                                          Pacific Technology Services, Inc.

                                          By: /s/ Winston Chang
                                          Name: Winston Chang
                                          Title: President