Document:

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                                                                    EXHIBIT 10.3

                               EQUIPMENT SUBLEASE

     THIS EQUIPMENT SUBLEASE (this "Sublease") is made and entered into as of
the 28 day of March, 2000, by and between GORACING.COM,INC., a Delaware
corporation ("goracing"), ACTION PERFORMANCE COMPANIES, INC., an Arizona
corporation ("Action") (Action and goracing are hereinafter referred to each as
a "Sublessor" and collectively as "Sublessors") and INTEGRATED INFORMATION
SYSTEMS, INC., a Delaware corporation, ("Sublessee").

                                    RECITALS

     A.   Action entered into a certain Master Equipment Lease with General
Electric Capital Corporation, a New York corporation ("GE Capital") dated as of
December 22, 1998 including Computer Equipment Schedule No. 1 dated December
22, 1998, Computer Equipment Schedule No. 2 dated February 18, 1999 and
Addendum to Schedules No. 001 and 002 to Master Lease Agreement dated as of
February 18, 1999 (collectively the "Action Master Equipment Lease"), whereby
Action leased certain equipment listed on Schedule A hereto (the "Action
Equipment") from GE Capital.

     B.   goracing entered into a certain Master Equipment Lease with GE
Capital dated as of August 9, 1999 including Computer Equipment Schedule No. 01
dated October 1, 1999, Computer Equipment Schedule No. 02 dated November 5,
1999, Furniture Schedule No. 003 dated December 29, 1999, and Furniture
Schedule No. 004 dated January 24, 2000 (collectively the "goracing Master
Equipment Lease"), whereby goracing leased certain equipment listed on Schedule
B hereto (the "goracing Equipment") from GE Capital. (The Action Equipment and
the goracing Equipment are hereinafter collectively referred to as the
"Equipment" and the Action Master Equipment Lease and the goracing Master
Equipment Lease are hereinafter each referred to as a "Base Equipment Lease"
and collectively referred to as the "Base Equipment Leases.")

     C.   The Equipment is located at and used in connection with the occupancy
of the premises located at 1480 South Hohokam Drive, Tempe, Arizona (the
"Premises").

     D.   On even date herewith, Action and Sublessee intend to enter into a
Sublease Agreement (the "Hohokam Sublease") whereby Sublessee will sublease from
Action a portion of the Premises.

     E.   In connection with Hohokam Sublease, Sublessee desires to sublease
the Equipment from Sublessors and Sublessors desire to sublease the Equipment
to Sublessee, on the terms and conditions herein set forth.

                                   AGREEMENT

     NOW, THEREFORE, in consideration of the mutual covenants and agreements of
the parties and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, Sublessors and Sublessee hereby
agree as follows:

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     1.   GRANT.

          (a)  BY ACTION.  Action hereby subleases its rights and obligations
in the Action Master Equipment Lease to Sublessee, and Sublessee hereby
subleases Action's rights and obligations in the Action Master Equipment Lease
from Action, on the terms and conditions herein set forth.

          (b)  BY GORACING. goracing hereby subleases its rights and
obligations in the goracing Master Equipment Lease to Sublessee, and Sublessee
hereby subleases goracing's rights and obligations in the goracing Master
Equipment Lease from goracing, on the terms and conditions herein set forth.

     2.   INCORPORATION OF BASE EQUIPMENT LEASE; EXCEPTIONS. Each and every
provision of the Base Equipment Leases is incorporated herein by this
reference. Sublessors shall sublet their respective interests in the Equipment
to Sublessee under the same rental, terms and conditions to which Sublessors
agreed as the "Lessee" in the respective Base Equipment Leases, except as
otherwise herein provided. Wherever the term "Lessee" appears in the Base
Equipment Leases, it shall be deemed to refer to Sublessee. Sublessee shall
render performance to Lessor as required under all of the terms of the Base
Equipment Leases. Sublessee shall be entitled under this Sublease to all of the
rights and benefits that the Sublessors, as Lessee, enjoy under the Base
Equipment Leases, except as otherwise herein provided. Sublessee hereby
expressly agrees to be bound to all terms and conditions contained in the Base
Equipment Leases.

     3.   TERM.

          (a)  ACTION MASTER EQUIPMENT LEASE. Sublessee's rights and
obligations under this Sublease with respect to the Action Master Equipment
Lease shall commence as of the date first set forth above and shall expire
according to the terms of the Action Master Equipment Lease.

          (b)  GORACING MASTER EQUIPMENT LEASE. Sublessee's rights and
obligations under this Sublease with respect to the goracing Master Equipment
Lease shall commence as of the date first set forth above and shall expire
according to the terms of the goracing Master Equipment Lease.

     4.   BASE RENT AND OTHER CHARGES

          (a)  GENERALLY. Beginning with payments due after the date first
written above, the Sublessee shall pay directly to Lessor the monthly rent due
under Base Equipment Leases as well as any additional payments due under the
Base Equipment Leases, including but not limited to all taxes, fees and
assessments due, imposed, assessed or levied against any Equipment (each a
"Payment" and collectively the "Payments"), in the amount required by the terms
of the Base Equipment Leases which shall be due and payable to Lessor on or
before the date such Payment is due under the Base Equipment Leases. Sublessee
shall provide Sublessors with written proof of the timely payment of each
Payment within five (5) business days after the delivery of such Payment.

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          (b) CONTINGENCY. To the extent that Lessor objects to the payment
structure agreed to in Section 4(a) hereto, the parties agree that Sublessee
shall deliver all Payments to goracing no later than five (5) business days
before the date such Payment is due to the Lessor under the Base Equipment
Leases. All Payments delivered under this Section 4(b) shall be made payable
jointly to the lesser and goracing. To the extent such Payment has been tendered
from Sublessee to goracing, pursuant to the terms of this Section 4(b), goracing
shall provide Sublessee with written proof of the timely payment to Landlord of
such Payment within five (5) business days after the due date.

     5.   REPORTS.

          (a) LIENS. If any tax or other lien shall attach to any Equipment,
Sublessee will notify Sublessors in writing, within ten (10) days after
Sublessee becomes aware of the tax or lien. The notice shall include the full
particulars of the tax or lien and the location of such Equipment on the date of
the notice.

          (b) FINANCIAL STATEMENTS. Sublessee shall deliver to Sublessors,
Sublessee's complete financial statements, certified by a recognized firm of
certified public accountants within ninety (90) days of the close of each fiscal
year of Sublessee.

          (c) INSPECTION. Sublessors may inspect any portion of the Equipment
during normal business hours after giving the Sublessee reasonable prior notice.

          (d) RELOCATION. Sublessee will keep the Equipment at the Premises and
will give Sublessors prior written notice of any relocation of any portion of
the Equipment.

          (e) LOSS OR DAMAGE. If any Equipment is lost or damaged (where the
estimated repair costs would exceed the greater of ten percent (10%) of the
original equipment cost (as listed in the Base Equipment Leases) or ten thousand
dollars ($10,000), or is otherwise involved in an accident causing personal
injury or property damage, Sublessee will promptly and fully report the event to
Sublessors in writing.

          (f) OFFICER'S CERTIFICATE. Sublessee will furnish a certificate of an
authorized officer of Sublessee stating that he has reviewed the activities of
Sublessee and that, to the best of his knowledge, there exists no default or
event which with notice or lapse of time (or both) would become such a default
within thirty (30) days after any request by Sublessors.

     6.   INSURANCE. Sublessee shall maintain insurance on the Equipment as
stipulated in Section 9 of the Base Equipment Leases. Sublessee shall name
Sublessors as an additional insured on such insurance policy(ies).

     7.   DEFAULT AND REMEDIES.

          (a) DEFAULT. Sublessors may in writing declare this Sublease in
default if: (i) Lessor may currently declare Sublessee in default in accordance
with the provisions of Section 11 of either of the Base Equipment Leases, (ii)
Sublessee breaches any of its obligations under this Sublease and fails to cure
that breach within ten (10) days after written notice from the

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Sublessors; or (iii) any representation or warranty made in connection with
this Sublease shall be false or misleading in any material respect.

     (b)  REMEDIES. After a default under this Sublease, at the request of the
respective Sublessor, Subleasee shall comply with the provisions of Section
10(a) of the respective Base Equipment Lease. Sublessee hereby authorizes
Sublessor to peacefully enter any premises where any Equipment subject to the
respective Base Equipment Lease may be and take possession of the Equipment.
Sublessee shall immediately pay to the respective Sublessor without further
demand as liquidated damages for loss of bargain and not as a penalty, the
Stipulated Loss Value of the Equipment (as defined in the respective Base
Equipment Lease and calculated as of the rent payment date prior to the
declaration of default) and all rents and other sums then due under this
Sublease. Sublessors may terminate this Sublease as to any or all of the
Equipment. A termination shall occur only upon written notice by Sublessors to
Sublessee and only as to the specific Equipment specified in any such notice.
Sublessors may, but shall not be required to, lease, otherwise dispose of or
keep idle all or part of the Equipment. Sublessors may use Sublessee's premises
for a reasonable period of time for any or all of the purposes stated above
without liability for rent, costs, damages or otherwise. The proceeds of such
lease or other disposition, if any, shall be applied in the following order of
priorities:(i) to pay all of Sublessors costs, charges and expenses incurred in
taking, removing, holding, repairing, leasing or otherwise disposing of
Equipment; (ii) to the extent not previously paid by Sublessor, to pay Lessor
all sums due from Sublessee under this Sublease; (iii) to reimburse Sublessee
any sums previously paid by Sublessor as liquidated damages; and (iv) any
surplus shall be retained by the respective Sublessor. Sublessee shall
immediately pay any deficiency in (i) and (ii) above.

     (c)  REMEDIES CUMULATIVE.  The foregoing remedies are cumulative, and any
or all thereof may be exercised instead of or in addition to each other or any
additional remedies under this Sublease, at law, in equity, or under statute.
Sublessee shall pay Sublessors' actual attorneys' fees incurred in connection
with the enforcement, assertion, defense or preservation of Sublessors' rights
and remedies under this Sublease, or if prohibited by law, such lesser sum as
may be permitted. Waiver of any default shall not be a waiver of any other or
subsequent default.

     8.   INDEMNIFICATION.  Sublessee hereby agrees to indemnify Sublessors,
their agents, employees, successors and assigns from and against any and all
losses, damages, penalties, injuries, claims, actions and suits, including
legal expenses, of whatsoever kind and nature arising out of or relating to the
Equipment or this Sublease, except to the extent the losses, damages,
penalties, injuries, claims, actions, suits or expenses result from Sublessors'
gross negligence or willful misconduct.

     9.   REPRESENTATIONS AND WARRANTIES OF SUBLESSEE. To induce the Sublessors
to enter into this Sublease, Sublessee makes the following representations and
warranties to Sublessor:

          (a)  POWER AND CAPACITY.  Sublessee has adequate power and capacity
to enter into, and perform under, this Sublease. Sublessee is duly qualified to
do business wherever necessary to carry on its present business and operations,
including the jurisdiction(s) where the Equipment is or is to be located.

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          (b)  BINDING AGREEMENT. This Sublease has been duly authorized,
executed and delivered by Sublessee and constitutes a valid, legal and binding
agreement, enforceable in accordance with its terms.

          (c)  NO VIOLATION. The entry into and performance by Sublessee of
this Sublease will not: (i) violate any judgment, order, law or regulation
applicable to Sublessee or any provision of Sublessee's Certificate of
Incorporation or bylaws; or (ii) result in any breach of, constitute a default
under or result in the creation of any lien, charge, security interest or other
encumbrance upon any Equipment pursuant to any indenture, mortgage, deed or
trust, bank loan or credit agreement or other instrument (other than this
Sublease along with the Base Equipment Leases) to which Sublessee is a party.

          (d)  NO PROCEEDINGS. There are no suits or proceedings pending or
threatened in court or before any commission, board or other administrative
agency against or affecting Sublessee, which if decided against Sublessee will
have a material adverse effect on the ability of Sublessee to fulfill its
obligations under this Agreement.

          (e)  GOOD STANDING. Sublessee is and will be at all times validly
existing and in good standing under the laws of the State of its incorporation
(specified in the first sentence of this Agreement).

          (f)  USE OF EQUIPMENT. The Equipment will at all times be used for
commercial or business purposes.

          (g)  "AS IS" CONDITION. Sublessee acknowledges that the Equipment is
being subleased "as is" and that the Sublessors make no representation with
regard to the Equipment's condition or future use or performance.

     10.  REPRESENTATIONS AND WARRANTIES OF SUBLESSORS. To induce the Sublessee
to enter into this Sublease, Sublessors make the following representations and
warranties to Sublessee:

          (a)  POWER AND CAPACITY. Sublessors have adequate power and capacity
to enter into, and perform under, this Sublease. Sublessors are duly qualified
to do business wherever necessary to carry on their present business and
operations, including the jurisdiction(s) where the Equipment is located.

          (b)  BINDING AGREEMENT. This Sublease has been duly authorized,
executed and delivered by Sublessors and constitutes a valid, legal, and
binding agreement, enforceable in accordance with its terms.

          (c)  NO VIOLATION. The entry into and performance by Sublessors of
this Sublease will not: (i) violate any judgment order, law or regulation
applicable to Sublessors or any provision of Sublessors' Certificate of
Incorporation or bylaws; or (ii) result in any breach of, constitute a default
under or result in the creation of any lien, charge, security interest or other
encumbrance upon any Equipment pursuant to any indenture, mortgage, deed of
trust, bank loan or credit agreement or other instrument to which Sublessors
are a party.

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          (d)  NO PROCEEDINGS. There are no suits or proceedings pending or
threatened in court or before any commission, board or other administrative
agency against or affecting Sublessors, which if decided against Sublessors
will have a material adverse effect on the ability of Sublessors to fulfill
their obligations under this Agreement.

          (e)  DEFAULT; TERMINATION; CONSENT. There is no default existing
under the terms of the Base Equipment Leases or event which, with the passage
of time or the giving of notice, would become a default thereunder. There is no
pending termination under either Base Equipment Lease. The "purchase option"
under each of the Base Equipment Leases is presently existing and has not been
modified or surrendered by the Lessee thereunder. The prior written consent of
the Lessor to the Base Equipment Leases has been made and received by
Sublessors.

          (f)  DISPUTES. There are no outstanding, and to the best of
Sublessors' knowledge, no threatened, disputes or disagreements with respect to
the Equipment.

          (g)  INTELLECTUAL PROPERTY. All intellectual property rights relating
to the Equipment, to the best of Sublessors' knowledge, are currently in
compliance with all legal requirements, are valid and enforceable, and have not
been challenged or threatened in any way as infringing upon the rights of any
third party.

          (h)  TAXES. There are no taxes or assessment of taxes of Sublessors'
that are or may become payable by Sublessee or chargeable as a lien or
encumbrance against the Equipment listed on Exhibits A and B, including as a
result of this transaction.

     11.  LATE PAYMENT CHARGE. If any amount due to Lessors is not received in
full by Lessors on or before five (5) days after the date any such payment is
due, then Sublessee shall pay to the respective Sublessor a late payment charge
in the amount of ten percent (10%) of the amount then due. This provision shall
not be construed to allow or permit Sublessee to make payments after the due
date, or to waive any of Sublessors' rights in connection with late payments
made by Sublessee. Sublessee shall also reimburse the respective Sublessor
for, and indemnify and hold the respective Sublessor harmless for, from and
against, any late charges, penalties, interest or other charges incurred by
such Sublessor under the Base Equipment Leases as a result of any late payment
by Sublessee.

     12.  NOTICES. All notices of communication required or permitted hereunder
or with regard to the Base Equipment Leases shall be in writing and may be
given by depositing the same in the United States mail, addressed to the party
to be notified, postage prepaid and registered or certified with return receipt
requested, or by delivering the same in person to an officer or agent of such
party.

               (i)  If to Sublessors, addressed to them at:

                    Action Performance Companies, Inc./goracing.com,inc.
                    4707 East Baseline Road
                    Tempe, Arizona 85040
                    Attn: Chief Financial Officer
                    FAX: (602) 337-3780

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               With a copy to:
               Greenberg Traurig, LLP
               1 E. Camelback Road, Suite 1100
               Phoenix, Arizona 85012
               Attn: Robert S. Kant, Esq.
               Fax: (602) 263-2350

          (ii) If to Sublessee, addressed to them at:

               Integrated Information Systems, Inc.
               1480 S. Hohokam Drive
               Tempe, Arizona 85281
               Attn: Jeffrey Frankel
               Fax: (480) 317-8010

               With a copy to:
               Snell & Wilmer, LLP
               One Arizona Center
               400 East Van Buren
               Phoenix, Arizona 85004-2202
               Attn: Michael Christopher, Esq.
               Fax: (602) 382-6070

     13.  TERMINATION OF GRANT.

          (a)  ACTION MASTER EQUIPMENT LEASE. In the event of the termination of
the Action Master Equipment Lease under its own terms or under any provision
thereof that authorizes such terminations, this Sublease shall simultaneously
and automatically terminate with respect to the grant contained in Section 1
hereto only. Such termination will in no way affect any of Sublessors' rights
under this Sublease, including but not limited to, Sublessors' rights contained
in Sections 7 and 8 hereto, which shall survive.

          (b)  GORACING MASTER EQUIPMENT LEASE. In the event of the termination
of the goracing Master Equipment Lease under its own terms or under any
provision thereof that authorizes such terminations, this Sublease shall
simultaneously and automatically terminate with respect to the grant contained
in Section 1 hereto only. Such termination will in no way affect any of
Sublessors' rights under this Sublease, including but not limited to,
Sublessors' rights contained in Sections 7 and 8 hereto, which shall survive.

     14.  GENERAL PROVISIONS.

          (a)  ENTIRE AGREEMENT. This Agreement contains the entire agreement
and understanding among the parties hereto with respect to the subject matter
hereof, and supersedes all prior and contemporaneous agreements, understandings,
inducements and conditions, express or implied, oral or written, of any nature
whatsoever with respect to the subject matter hereof.

          (b)  CONTROLLING LAW. This Agreement and all questions relating to its
validity, interpretation, performance and enforcement, shall be governed by and
construed,

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interpreted and enforced in accordance with the laws of the State of Arizona,
notwithstanding any Arizona or other conflict-of-law provision to the contrary.

     IN WITNESS WHEREOF, THE PARTIES HAVE EXECUTED THIS SUBLEASE AS OF THE DATE
FIRST ABOVE WRITTEN.

                                   SUBLESSORS:

                                   goracing.com, inc., a Delaware corporation

                                   By:   /s/ David Husband
                                         ------------------------------
                                   Name: David Husband
                                         ------------------------------
                                   Its:
                                         ------------------------------

                                   Action Performance Companies, Inc.,
                                   an Arizona corporation

                                   By:   /s/ David Husband
                                         ------------------------------
                                   Name: David Husband
                                         ------------------------------
                                   Its:  Chief Financial Officer
                                         ------------------------------

                                   SUBLESSEE:

                                   Integrated Information Systems, Inc.,
                                   a Delaware corporation

                                   By:   /s/ Craig A. King
                                         ------------------------------
                                   Name: Craig A. King
                                         ------------------------------
                                   Its:  Vice President
                                         ------------------------------

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                                   SCHEDULE A

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<PAGE>   10
                          COMPUTER EQUIPMENT SCHEDULE
                                 SCHEDULE NO. 1
                              DATED THIS 12/22/98
                           TO MASTER LEASE AGREEMENT
                              DATED AS OF 12/22/98

Lessor & Mailing Address:                     Lessee & Mailing Address:

General Electric Capital Corporation          Action Performance Companies, Inc.
8480 E. Orchard Rd., Suite 5000               4707 East Baseline Road
Englewood, CO 80111                           Phoenix, AZ 84040

This Schedule is executed pursuant to, and incorporates by reference the terms
and conditions of, and capitalized terms not defined herein shall have the
meanings assigned to them in, the Master Lease Agreement identified above
("AGREEMENT" said Agreement and this Schedule being collectively referred to as
"LEASE"). This Schedule, incorporating by reference the Agreement, constitutes a
separate instrument of lease.

A. EQUIPMENT: Subject to the terms and conditions of the Lease, Lessor agrees to
   Lease to Lessee the Equipment described below (the "EQUIPMENT").

<TABLE>
<CAPTION>
    NUMBER     CAPITALIZED
   OF UNITS    LESSORS COST   MANUFACTURER        SERIAL NUMBER       MODEL AND TYPE OF EQUIPMENT
   --------    ------------   ------------        -------------       ---------------------------
<S>            <C>            <C>                 <C>                 <C>

</TABLE>
   Various Computer Equipment as further described on the attached Exhibit A

B. FINANCIAL TERMS
<TABLE>
<S>                                            <C>
   ----------------------------------------------------------------------------------------
   1. Advance Rent (if any): $41,869.35            5. Basic Term Commencement Date:
   ----------------------------------------------------------------------------------------
   2. Capitalized Lessor's Cost: $1,500,191.73     6. Lessee Federal Tax ID No.: 86-0704792
   ----------------------------------------------------------------------------------------
   3. Basic Term (No. of Months): 36 Months.       7. Last Delivery Date: December 31, 1998
   ----------------------------------------------------------------------------------------
   4. Basic Term Lease Rate Factor: 2.790933%      8. Daily Lease Rate Factor: 0.093031%
   ----------------------------------------------------------------------------------------
</TABLE>

   9. First Termination Date: Thirty-six (36) months after the Basic Term
      Commencement Date.

  10. Interim Rent: For the period from and including the Lease Commencement
      Date to but not including the Basic Term Commencement Date ("Interim
      Period"), Lessee shall pay as rent ("Interim Rent") for each unit of
      Equipment, the product of the Daily Lease Rate Factor times the
      Capitalized Lessor's Cost of such unit times the number of days in the
      Interim Period. Interim Rent shall be due on N/A.

  11. Basic Term Rent. Commencing on 12/22/98 and on the same day of each month
      thereafter (each, a "Rent Payment Date") during the Basic Term, Lessee
      shall pay as rent ("Basic Term Rent") the product of the Basic Term Lease
      Rate Factor times the Capitalized Lessor's Cost of all Equipment on this
      Schedule.

C. TAX BENEFITS     Depreciation Deductions:

   1. Depreciation method is the 200% declining balance method, switching to
      straight line method for the 1st taxable year for which using the straight
      line method with respect to the adjusted basis as of the beginning of such
      year will yield a larger allowance.

   2. Recovery Period: Five (5) Years.

   3. Basis: 100% of Capitalized Lessors Cost.

D. PROPERTY TAX

   APPLICABLE TO EQUIPMENT LOCATED IN PHOENIX, MARICOPA COUNTY, ARIZONA;
   HARRISBURG, CABARRUS COUNTY, NORTH CAROLINA; ATLANTA, FULTON COUNTY, GEORGIA:
   Lessee agrees that it will not list any of such Equipment for property tax
   purposes or report any property tax assessed against such Equipment until
   otherwise directed in writing by Lessor. Upon receipt of any property tax
   bill pertaining to such Equipment from the appropriate taxing authority,
   Lessor will pay such tax and will invoice Lessee for the expense. Upon
   receipt of such invoice, Lessee will promptly reimburse Lessor for such
   expense.

   PROPERTY TAX NOT APPLICABLE ON EQUIPMENT LOCATED IN CANTON, NORFOLK COUNTY,
   MASSACHUSETTS AND WALTHAM, MIDDLESEX COUNTY, MASSACHUSETTS.

   Lessor may notify Lessee (and Lessee agrees to follow such notification)
   regarding any changes in property tax reporting and payment responsibilities.

E. ARTICLE 2A NOTICE

   IN ACCORDANCE WITH THE REQUIREMENTS OF ARTICLE 2A OF THE UNIFORM COMMERCIAL
   CODE AS ADOPTED IN THE APPLICABLE STATE, LESSOR HEREBY MAKES THE FOLLOWING
   DISCLOSURES TO LESSEE PRIOR TO EXECUTION OF THE LEASE
<PAGE>   11
     The MAINTENANCE Section of the Lease is amended by adding the following as
the third sentence in subsection (a):

     Lessee agrees that upon return of the Equipment, it will comply with all
original manufacturer's performance specifications for new Equipment without
expense to Lessor. Lessee shall, if requested by Lessor, obtain a certificate or
service report from the manufacturer attesting to such condition.

     Each reference contained in this Agreement to:

     (a) "Adverse Environmental Condition" shall refer to (i) the existence or
the continuation of the existence, of an Environmental Emission (including,
without limitation, a sudden or non-sudden accidental or non-accidental
Environmental Emission), of, or exposure to, any substance, chemical, material,
pollutant, Contaminant, odor or audible noise or other release or emission in,
into or onto the environment (including, without limitation, the air, ground,
water or any surface) at, in, by, from or related to any Equipment, (ii) the
environmental aspect of the transportation, storage, treatment or disposal of
materials in connection with the operation of any Equipment or (iii) the
violation, or alleged violation of any statutes, ordinances, orders, rules
regulation, permits or licenses of, by or from any governmental authority,
agency or court relating to environmental matters connected with any Equipment.

     (b) "Affiliate" shall refer, with respect to any given Person, to any
Person that directly or indirectly through one or more intermediaries, controls,
or is controlled by, or is under common control with, such Person.

     (c) "Contaminant" shall refer to those substances which are regulated by or
form the basis of liability under any Environmental Law, including, without
limitation, asbestos, polychlorinated biphenyls ("PCBs"), and radioactive
substances, or other material or substance which has in the past or could in the
future constitute a health, safety or environmental hazard to any Person,
property or natural resources.

     (d) "Environmental Claim" shall refer to any accusation, allegation, notice
of violation, claim, demand, abatement or other order on direction (conditional
or otherwise) by any governmental authority or any Person for personal injury
(including sickness, disease or death), tangible or intangible property damage,
damage to the environment or other adverse effects on the environment, or for
fines, penalties or restrictions, resulting from or based upon any Adverse
Environmental Condition.

     (e) "Environmental Emission" shall refer to any actual or threatened
release, spill, emission, leaking, pumping, injection, deposit, disposal,
discharge, dispersal, leaching or migration into the indoor or outdoor
environment, or into or out of any of the Equipment, including, without
limitation, the movement of any Contaminant or other substance through or in the
air, soil, surface water, groundwater or property.

     (f) "Environmental Law" shall mean any federal, foreign, state or local
law, rule or regulation pertaining to the protection of the environment,
including, but not limited to, the Comprehensive Environmental Response,
Compensation and Liability Act ("CERCLA") (42 U.S.C. Section 9601 et seq.), the
Hazardous Material Transportation Act (49 U.S.C. Section 1801 et seq.), the
Federal Water Pollution Control Act (33 U.S.C. Section 1251 et seq.), the
Resource Conservation and Recovery Act (42 U.S.C. Section 6901 et seq.), the
Clean Air Act (42 U.S.C. Section 7401 et seq.), the Toxic Substances Control Act
(15 U.S.C. Section 2601 et seq.), the Federal Insecticide, Fungicide, and
Rodenticide Act (7 U.S.C. Section 1361 et seq.), and the Occupational Safety and
Health Act (19 U.S.C. Section 651 et seq.), as these laws have been amended or
supplemented, and any analogous foreign, federal, state or local statutes, and
the regulations promulgated pursuant thereto.

     (g) "Environmental Loss" shall mean any loss, cost, damage, liability,
deficiency, fine, penalty or expense (including, without limitation, reasonable
attorneys' fees, engineering and other professional or expert fees),
investigation, removal, cleanup and remedial costs (voluntarily or involuntarily
incurred) and damages to, loss of the use of or decrease in value of the
Equipment arising out of or related to any Adverse Environmental Condition.

     (h) "Person" shall include any individual, partnership, corporation, trust,
unincorporated organization, government or department or agency thereof and any
other entity.

     Lessee shall fully and promptly pay, perform, discharge, defend, indemnify
and hold harmless Lessor and its Affiliates, successors and assigns, directors,
officers, employees and agents from and against any Environmental Claim or
Environmental Loss.

     The provisions of this Schedule shall survive any expiration or termination
of the Lease and shall be enforceable by lessor, its successors and assigns.

     RETURN CONDITIONS: In addition to the provisions provided for in the RETURN
OF EQUIPMENT Section of the Lease, and provided that the Lessee has not elected
its option to purchase the Equipment, Lessee shall, at its expense:

     (a) Upon the request of Lessor, Lessee shall no later than ninety (90) days
prior to the expiration or other termination of the Lease provide:

          (i) a detailed inventory of the Equipment (including the model and
serial number of each major component thereof), including, without limitation,
all internal circuit boards, module boards, and software features;

          (ii) a complete and current set of all manuals, equipment
configuration, setup and operation diagrams, maintenance records and other data
that may be reasonably requested by Lessor concerning the configuration and
operation of the Equipment; and

          (iii) a certification of the manufacturer or of a maintenance provider
acceptable to Lessor that the Equipment (1) has been tested and is operating in
accordance with manufacturers specifications (together with a report detailing
the condition of the Equipment), the results of such test(s) and inspection(s)
and all repairs that were performed as a result of such test(s) and
inspection(s) and (2) that the Equipment qualifies for the manufacturers used
equipment maintenance program.

     (b) Upon the request of Lessor, Lessee shall, no later than sixty (60) days
prior to the expiration or other termination of the Lease, make the Equipment
available for on-site operational inspection by persons designated by the Lessor
who shall be duly qualified to inspect the Equipment in its operational
environment.

     (c) All Equipment shall be cleaned and treated with respect to rust,
corrosion and appearance in accordance with manufacturers recommendations and
consistent with the best practices of dealers in used equipment similar to the
Equipment; shall have no Lessee installed markings or labels which are not
necessary for the operation, maintenance or repair of the Equipment; and shall
be in compliance with all applicable governmental

<PAGE>   12
                                   EXHIBIT A
                                       TO
                                 SCHEDULE NO. 1
                              DATED THIS 12/22/98
                           TO MASTER LEASE AGREEMENT
                              DATED AS OF 12/22/98

<TABLE>
<CAPTION>

Number      Capitalized
of Units    Lessors Cost      Manufacturer        Serial Number            Model and Type of Equipment
--------    ------------      ------------        -------------            ---------------------------
<C>         <C>               <C>          <C>                            <C>
            $245,235,10/Lot   Cisco Systems                                Various Computer Equipment Consisting of:
(3)                                            69050114, 69052391,         Series 5500 Bundle
                                               69054144
                                                                             (1) 5500 Chassis
                                                                             (1) 5500 AC Power Supply
                                            10912989, 11439326, 10913323     (1) 24 Port 10/100 Switch Module
                                            10847310, 10906765, 10903430     (1) 5K Supervisory Module III with NFFC
(3)                                                                        5500 Secondary AC Power Supply
(6)                                                                        AC Power Cord
(3)                                                                        5500 Flash Image
(1)                                            10850800                    5K Supervisory Module III with NFFC
(4)                                            10102210, 10102234          100BaseFX Multimode Fiber Uplink
                                               10102226, 10830093
(2)                                            09697952, 09699090          12 port 100 FX Module
(2)                                            11439767, 10920040          Catalyst Route Switch Module
(2)                                          FAA0246S00R, FAA0246U026      RSM IP w/VIP
(13)                                        11430748, 11433490, 11433708,  24 Port 10/100 Module
                                            11433727, 11469859, 11431399,
                                            11456112, 11456153, 11458321,
                                            11433696, 11457407, 11458093,
                                            11458101
(2)                                            09989931, 09989987          FDDI Module (MMF/MIC)
(1)                                                                        Switchprobe 1 port 100TX Full Duplex
(1)                                                   11301119             CWSI for Windows NT
(2)                                          FAA0246SOOR, FAA0246UO2K      2924 Chassis w/22p10/100TX, 2p100FX

                                                                           all including all standard attachments,
                                                                           accessions and accessories
</TABLE>

Equipment immediately listed above is located at: 4707 East Baseline Road,
Phoenix, Maricopa County, AZ 85040

<TABLE>
<CAPTION>

Number      Capitalized
of Units    Lessors Cost      Manufacturer        Serial Number            Model and Type of Equipment
--------    ------------      ------------        -------------            ---------------------------
<C>         <C>               <C>          <C>                            <C>
            $156,600.75/Lot   Cisco Systems                                Various Computer Equipment consisting of:
(6)                                           364074248, 364074315,        Cisco 3640 Router w/RPS
                                              364074247, 364074246,
                                              364074314, 364074243
(6)                                                                        3600 Series IOS IP/PLUS Feature Set
(6)                                                                        3600 Series 4-16 MB Flash Upgrade
(5)                                         10257113, 10518379, 10257182,  3600 Series 4 port Serial Network Module
                                            10519034, 1057311
(7)                                         11265601, 11265868, 11265888,  3600 Series 1 port FE-TX Network Module
                                            11265870, 11265814, 11265867,
                                            11265828
(10)                                                                       V3.5, DTE, Male, 10'
(4)                                         CAH02360194, CAH02360188       600 Watt Redundant Power System
                                            CAH02370226, CAH02360189
(6)                                                                        RPS Redundant Cable
(9)                                         FAA0246YOOA, FAA0245ZOON,      2924 Chassis w/24p10/100 TX
                                            FAA0246XOOB, FAA0246ZOO6,
                                            FAA0246XOOD, FAA0246XOOG,
                                            FAA0246XOO4, FAA0245WOOP,
                                            FAA0246XOOA
(2)                                         22202450090, 22202450118       Standard Local Director, 45 Mhps
(1)                                                                        Local Director Failover Cable
(3)                                         18008319, 18008317, 18008318   PIX Firewall 520 w/2NIC's
(3)                                                                        10/100 Interface Card for PIX
             200.00                                                        Freight

                                                                           all including all standard attachments
                                                                           accessions and accessories
</TABLE>

Equipment immediately listed above is located at: 1095 Turnpike Street,
Canton, Norfolk County, MA 02021
<PAGE>   13

<TABLE>
<CAPTION>

 NUMBER         CAPITALIZED
OF UNITS       LESSORS COSTS            MANUFACTURER               SERIAL NUMBER             MODEL AND TYPE OF EQUIPMENT
--------       -------------            ------------               ---------------           ----------------------------
<S>           <C>                     <C>                 <C>                                <C>
              $964,519.57/lot                                                                  Various Compaq and Microsoft Computer
                                                                                               Equipment consisting of:
(42)                                    Compaq                                                 CPU to switch cable
(10)                                                                                           42U rack for Proliant
(49)                                                                                           Netellignet ethernet
(3)                                                                                            15U rack blanking panel kit
(4)                                                                                            rack stabalizing feet
(4)                                                                                            fibre host adapter
(8)                                                                                            32 MB DIMM memory
(8)                                                                                            64 MB DIMM memory
(31)                                                                                           64 MB DIMM memory
(8)                                                                                            Switch box 8 port
(3)                                                                  D844BSN10576              Proliant storage system
                                                                     D844BSN10208
                                                                     D844BSN10475
(12)                                                                                           XEON 400 1M SLOTZ
(14)                                                                                           18.2 GB plug ultra-wide
(9)                                                                                            Proliant 1850R
(2)                                                                                            Firewall enterprise encryption
(10)                                                                                           Netelligent cable management
(4)                                                                                            256 MB DIMM kit
(8)                                                                                            Proliant 850R model 6/200 H
(8)                                                                                            V55 15" Monitor
(30)                                                                                           SMART-2/DH PCI array
(8)                                                                                            rack mount keyboard
(4)                                                                                            CPU to switch cable 20FT
(4)                                                                                            INTERNAL 35/70-GB DLT drive
(1)                                                                 SD838BR440013              DLT tape array II
(10)                                                                                           Monitor/utility shelf kit
(8)                                                                                            keyboard drawer kit
(2)                                                                 D842HUQ10022               fibre channel array rack
                                                                    D842HUQ10024
(2)                                                                                            fibre channel storage hub
(4)                                                                                            Proliant 7000 PD-400 1MB
(2)                                                                                            Proliant 1600R PII 400
(16)                                                                                           4.3GB SCSI ultra-wide pluggable
(96)                                                                                           9.1GB SCSI ultra-wide
(14)                                                                                           18.2GB SCSI ultra-wide
(31)                                                                                           64MB registered SDRAM
(25)                                                                                           128MB registered SDRAM DIMM
(6)                                                                                            128MB registered SDRAM DIMM
(2)                                                                                            P2-400 512K SLOT1 processor
(31)                                                                                           P2-400 512K SLOT1 processor
(84)                                                                                           4.3GB NHP ultra-wide hard drive
(30)                                                                                           256MB registered SDRAMM DIMM
(31)                                                                                           Proliant 1850R PII 400
(4)                                    Microsoft                                               SQL Server enterprise
(10)                                                                                           WIN NT Server V4.0 enterprise
(2)                                                                                            Exchange Server 25 client
(34)                                                                                           MS Windows NT Server w/option
(6)                                                                                            Site server commerce V3.0
(12)                                                                                           Site Server V3.0 10 clients
(2)                                                                                            Site Server V3.0 10 clients
(5)                                                                                            Site Server V3.0 10 clients
               889.31                                                                          Freight

                                                                                               and all including all attachments,
                                                                                               accessions and accessories

</TABLE>

Equipment immediately listed above is located at: 600 Winter St.,
Waltham, Middlesex County, MA 02451

                                       2
<PAGE>   14

<TABLE>
<CAPTION>
 NUMBER          CAPITALIZED
OF UNITS         LESSORS COST        MANUFACTURER        SERIAL NUMBER          MODEL AND TYPE OF EQUIPMENT
--------       ----------------     -------------      ------------------       ---------------------------------------------
<S>            <C>                  <C>                <C>                      <C>
               $ 126,074.30/Lot     Cisco Systems                               Various Computer Equipment consisting of:
(1)                                                    69054145                 Series 5500 Bundle to include:
                                                                                     (1) 5500 Chassis
                                                                                     (1) 5500 AC Power Supply
                                                       10910602                      (1) 24 Port 10/100 Switch Module
                                                       10903547                      (1) 5K Supervisory Module III with NFFC
(1)                                                                             5500 Secondary AC Power Supply
(2)                                                                             AC Power Cord
(1)                                                                             5500 Flash Image
(1)                                                    10867086                 5K Supervisory Module III with NFFC
(2)                                                    10105098, 10102185       100Base FX Multimode Fiber Uplink
(8)                                                    11458464, 11463463       24 Port 10/100 Module
                                                       11471175, 11471381
                                                       11433713, 11458089
                                                       11464058, 11471361
(2)                                                    11438370, 11438330       Catalyst Route Switch Module
(2)                                                                             RSM IP w/VIP
(1)                                                    63080450                 Switchprobe 1 port 100TX Full Duplex
(3)                                                    FAA0246U01Z              2924 Chassis w/22p10/10TX, 2p100FX
                                                       FAA0246T02K
                                                       FAA0246T02H
(3)                                                    FAA0246YO38              2924 Chassis w/24p10/100TX
                                                       FAA0246W02L
                                                       FAA0246Z008
                     100.00                                                     Freight

                                                                                and all including all attachments, accessions
                                                                                and accessories
</TABLE>

Equipment immediately listed above is located at:
6301 Performance Drive, Harrisburg, Cabarrus County, NC 28075

<TABLE>
<CAPTION>
 NUMBER         CAPITALIZED
OF UNITS        LESSORS COST       MANUFACTURER      SERIAL NUMBER              MODEL AND TYPE OF EQUIPMENT
--------       --------------     -------------    ------------------------     ---------------------------------------------
<S>            <C>                <C>              <C>                          <C>
               $ 6,472.70/Lot     Cisco Systems                                 Various Computer Equipment consisting of:
(2)                                                FAA0246T012, FAA0246T02J     2924 Chassis w/22p10/10TX, 2p100FX

                   100.00                                                       Freight

                                                                                and all including all attachments, accessions
                                                                                and accessories
</TABLE>

Equipment immediately listed above is located at:
1455 Ellsworth Industrial, Drive, NW, Atlanta, Fulton County, GA 30318

                                       3
<PAGE>   15
[GE LOGO]

                                                                      GE Capital
--------------------------------------------------------------------------------

                                        December 16, 1998

Insight                                 Action Performance Companies, Inc.
6820 S. Harl Avenue                     4707 East Baseline Rd.
Tempe, AZ 85283                         Phoenix, AZ 85040

Ladies and Gentlemen:

As you are aware, General Electric Capital Corporation ("GE CAPITAL") intends
to purchase the equipment described on Exhibit A hereto (the "EQUIPMENT") from
Insight ("SUPPLIER") for lease to Action Performance Companies, Inc. ("LESSEE")
pursuant to Schedule No. 1 to that certain Master Lease Agreement, dated
12/22/98 (the "LEASE") between Lessor and Lessee. AS one of the conditions to
proceeding with the transaction, GE Capital seeks additional assurances that
title to the Equipment has not yet passed to Lessee, but instead remains with
the Supplier, notwithstanding that the Equipment may have already been
delivered to Lessee.

GE Capital requests Lessee to sign where indicated below to confirm that (i) it
has been Lessee's intent from the beginning to obtain the use of the Equipment
via a lease, and for GE Capital to take clear title to the Equipment directly
from the Supplier, and (ii) except for the rights which Customer may acquire as
Lessee under the Lease, Customer has no right, title or interest in the
Equipment and disclaims all right, title or interest in the Equipment.

GE Capital requests Supplier to sign where indicated below to confirm that (i)
the Equipment has not been previously sold by Supplier to Lessee, (ii) Supplier
presently retains clear title to the Equipment, and (iii) upon Lessee's
execution of the Certificate of Acceptance for the Equipment, title to and risk
of loss of the Equipment shall pass directly to GE Capital from Supplier, free
and clear of all security interests, liens and encumbrances.

                                        Sincerely,

                                        General Electric Capital Corporation

                                        By: /s/ Robert J. Waters
                                            -----------------------------------
                                        Name & Title: Robert J. Waters
                                                      Risk Analyst

                            ACKNOWLEDGED AND AGREED:

Supplier:                               Lessee:

By: /s/ Brad M. Thompson                By: /s/ Chris Besing
    --------------------------------        -----------------------------------
Name & Title: Brad M. Thompson -        Name & Title: Chris Besing, C.F.O.
              Portfolio Manager
Date: 12/22/98                          Date: 12/18/98

<PAGE>   16
                                   EXHIBIT A

<TABLE>
<CAPTION>

Number         Capitalized
of Units       Lessors Cost             Manufacturer             Serial Number            Model and Type of Equipment
<S>          <C>                       <C>                      <C>                      <C>
              $964,519.57/Lot                                                             Various Compaq and Microsoft
                                                                                          Computer Equipment consisting of:
                                                                                          Compaq CPU to switch cable
 (42)                                                                                     42U rack for Proliant
 (10)                                                                                     Netellignet ethernet
 (49)                                                                                     15U rack blanking panel kit
 (3)                                                                                      rack stabalizing feet
 (4)                                                                                      fibre host adapter
 (4)                                                                                      32MB DIMM memory
 (8)                                                                                      64MB DIMM memory
 (8)                                                                                      64MB DIMM memory
 (31)                                                                                     Switch box 8 port
 (8)                                                             D844BSN10576             Proliant storage system
 (3)                                                             D844BSN10208
                                                                 D844BSN10475
 (12)                                                                                     XEON 400 1M SLOT2
 (14)                                                                                     18.2 GB plug ultra-wide
 (9)                                                                                      Proliant 1850R
 (2)                                                                                      Firewall enterprise encryption
 (10)                                                                                     Netelligent cable management
 (4)                                                                                      256 MB DIMM kit
 (8)                                                                                      Proliant 850R model 6/200 H
 (8)                                                                                      V55 15" Monitor
 (30)                                                                                     SMART-2/DH PCI array
 (8)                                                                                      rack mount keyboard
 (4)                                                                                      CPU to switch cable 20FT
 (4)                                                                                      INTERNAL 35/70-GB DLT drive
 (1)                                                             SD838BR440013            DLT tape array II
 (10)                                                                                     Monitor/utility shelf kit
 (8)                                                                                      Keyboard drawer kit
 (2)                                                             D842HUQ10022             fibre channel array rack
                                                                 D842HUQ10042
 (2)                                                                                      fibre channel storage hub
 (4)                                                                                      Proliant 7000 PD-400 1MB
 (2)                                                                                      Proliant 1600R PII 400
 (16)                                                                                     4.3GB SCSI ultra-wide pluggable
 (96)                                                                                     9.1GB SCSI ultra-wide
 (14)                                                                                     18.2GB SCSI ultra-wide
 (31)                                                                                     64MB registered SDRAM
 (25)                                                                                     128MB registered SDRAM DIMM
 (6)                                                                                      128MB registered SDRAM DIMM
 (2)                                                                                      P2-400 512K SLOT1 processor
 (31)                                                                                     P2-400 512K SLOT1 processor
 (84)                                                                                     4.3GB NHP ultra-wide hard drive
 (30)                                                                                     256MB registered SDRAM DIMM
 (31)                                                                                     Proliant 1850R PII 400
 (4)                                    Microsoft                                         SQL Server enterprise
 (10)                                                                                     WIN NT Server V4.0 enterprise
 (2)                                                                                      Exchange Server 25 client
 (34)                                                                                     MS Windows NT Server w/option
 (6)                                                                                      Site server commerce V3.0
 (12)                                                                                     Site Server V3.0 10 clients
 (2)                                                                                      Site Server V3.0 10 clients
 (5)                                                                                      Site Server V3.0 10 clients
                                                                                          Freight
                   889.31
                                                                                          and all including all attachments,
                                                                                          accessions and accessories
</TABLE>
<PAGE>   17
                                        Date    December 22, 1998
                                             -------------------------

GENERAL ELECTRIC CAPITAL CORPORATION
8480 East Orchard Road, Suite 5000
Englewood, Colorado 80111

Attn: Debbie Zamudio

Gentlemen:

This is to acknowledge that the following invoices for equipment shipped to:
Tech2000 Worldwide, 1095 Turnpike St., Canton, MA 02021, should have named
General Electric Capital Corporation as buyer or "sold to" party and not Action
Performance Companies:

                            INVOICE NO.
                            -----------
                              4452162
                              4452365
                              4452400
                              4452402
                              4469230
                              4472050
                              4473540
                              4474158
                              4475787
                              4480223
                              4487874
                              4489767
                              4491575
                              4551503
                              4555303
                              4557246

                                  INSIGHT

                                  By     Brad M. Thompson
                                         ---------------------
                                  Title  Brad M. Thompson - Portfolio Manager
                                         ---------------------

<PAGE>   18

                          COMPUTER EQUIPMENT SCHEDULE
                                SCHEDULE NO. 002
                          DATED THIS FEBRUARY 18, 1999
                           TO MASTER LEASE AGREEMENT
                         DATED AS OF DECEMBER 22, 1998

LESSOR & MAILING ADDRESS:                  LESSEE & MAILING ADDRESS:

GENERAL ELECTRIC CAPITAL CORPORATION       ACTION PERFORMANCE COMPANIES, INC.
ONE LINCOLN CENTRE, 5400 LBJ FREEWAY       4707 EAST BASELINE ROAD
  SUITE 1280, L.B. 3                       PHOENIX, AZ 85040
DALLAS, TX 75240

This Schedule is executed pursuant to, and incorporates by reference the terms
and conditions of, and capitalized terms not defined herein shall have the
meanings assigned to them in, the Master Lease Agreement identified above
("Agreement" said Agreement and this Schedule being collectively referred to as
"Lease"). This Schedule, incorporating by reference the Agreement, constitutes
a separate instrument of lease.

A.   EQUIPMENT: Subject to the terms and conditions of the Lease, Lessor agrees
     to Lease to Lessee the Equipment described below (the "Equipment").

<TABLE>
<CAPTION>
      NUMBER        CAPITALIZED
     OF UNITS       LESSORS COST    MANUFACTURER     SERIAL NUMBER        MODEL AND TYPE OF EQUIPMENT
     ---------      -----------     ------------     -------------        ---------------------------
     <S>            <C>             <C>              <C>                  <C>
     1              $53,495.80                                            N/A computer support system
                                                                          consisting of the following:
                                                                          two (2) 512MB DIMM kit, (4)
                                                                          tower to rack conversion,
                                                                          four (4) Mol-C SQL SVR
                                                                          Internet Conn V7, four (4)
                                                                          MOL-C site SVR Internet
                                                                          Conn 3, and twelve (12) MOL-C
                                                                          site SVR Internet Conn 3

     Equipment immediately listed above is located at: 600 Winter St., Waltham, Middlesex County, MA 02451
</TABLE>

B.   FINANCIAL TERMS

<TABLE>
<S>  <C>                                          <C>  <C>
1.   Advance Rent (if any): Not Applicable        5.   Basic Term Commencement Date: February 22, 1999

2.   Capitalized Lessor's Cost: $53,495.80        6.   Lessee Federal Tax ID No.: 860704792

3.   Basic Term (No. of Months): 34 Months.       7.   Last Delivery Date: February 21, 1999

4.   Basic Term Lease Rate Factor: 0.02928665     8.   Daily Lease Rate Factor: 0.00097622
</TABLE>

9.   First Termination Date: Thirty-six (36) months after the Basic Term
     Commencement Date.

10.  Interim Rent: For the period from and including the Lease Commencement Date
     to but not including the Basic Term Commencement Date ("Interim Period"),
     Lessee shall pay as rent ("Interim Rent") for each unit of Equipment, the
     product of the Daily Lease Rate Factor times the Capitalized Lessor's Cost
     of such unit times the number of days in the Interim Period. Interim Rent
     shall be due on February 21, 1999.

11.  Basic Term Rent.  Commencing on February 22, 1999 and on the same day of
     each month thereafter (each, a "Rent Payment Date") during the Basic Term,
     Lessee shall pay as rent ("Basic Term Rent") the product of the Basic Term
     Lease Rate Factor times the Capitalized Lessor's Cost of all Equipment on
     this Schedule.

C.   TAX BENEFITS        Depreciation Deductions:

     1.   Depreciation method is the 200% declining balance method, switching to
          straight line method for the 1st taxable year for which using the
          straight line method with respect to the adjusted basis as of the
          beginning of such year will yield a larger allowance.

     2.   Recovery Period: FIVE (5) YEARS.

     3.   Basis:    100% of Capitalized Lessors Cost.

D.   PROPERTY TAX

     PROPERTY TAX NOT APPLICABLE ON EQUIPMENT LOCATED IN 600 WINTER STREET,
     WALTHAM, MA 02451-1204.

     Lessor may notify Lessee (and Lessee agrees to follow such notification)
     regarding any changes in property tax reporting and payment
     responsibilities.

E.   ARTICLE 2A NOTICE
<PAGE>   19
     IN ACCORDANCE WITH THE REQUIREMENTS OF ARTICLE 2A OF THE UNIFORM COMMERCIAL
     CODE AS ADOPTED IN THE APPLICABLE STATE, LESSOR HEREBY MAKES THE FOLLOWING
     DISCLOSURES TO LESSEE PRIOR TO EXECUTION OF THE LEASE, (A) THE PERSON(S)
     SUPPLYING THE EQUIPMENT IS INSIGHT (THE "SUPPLIER(S)"), (B) LESSEE IS
     ENTITLED TO THE PROMISES AND WARRANTIES, INCLUDING THOSE OF ANY THIRD
     PARTY, PROVIDED TO THE LESSOR BY SUPPLIER(S), WHICH IS SUPPLYING THE
     EQUIPMENT IN CONNECTION WITH OR AS PART OF THE CONTRACT BY WHICH LESSOR
     ACQUIRED THE EQUIPMENT AND (C) WITH RESPECT TO SUCH EQUIPMENT, LESSEE MAY
     COMMUNICATE WITH SUPPLIER(S) AND RECEIVE AND ACCURATE AND COMPLETE
     STATEMENT OF SUCH PROMISES AND WARRANTIES, INCLUDING ANY DISCLAIMERS AND
     LIMITATIONS OF THEM OR OF REMEDIES. TO THE EXTENT PERMITTED BY APPLICABLE
     LAW, LESSEE HEREBY WAIVES ANY AND ALL RIGHTS AND REMEDIES CONFERRED UPON A
     LESSEE IN ARTICLE 2A AND ANY RIGHTS NOW AND HEREAFTER CONFERRED BY STATUTE
     OR OTHERWISE WHICH MAY LIMIT OR MODIFY ANY OF LESSOR'S RIGHTS OR REMEDIES
     UNDER THE DEFAULT AND REMEDIES SECTION OF THE AGREEMENT.

F.   STIPULATED LOSS AND TERMINATION VALUE TABLE*

<TABLE>
<CAPTION>

          Termination    Stipulated               Termination    Stipulated
          Value          Loss Value               Value          Loss Value
Rental    Percentage     Percentage     Rental    Percentage     Percentage

<C>       <C>            <C>            <C>       <C>            <C>
Interim   103.177        107.154
 1        103.177        107.154        18        61.371         67.859
 2        100.836        104.960        19        58.775         65.411
 3         98.480        102.752        20        56.162         62.946
 4         96.110        100.530        21        53.535         60.466
 5         93.725         98.293        22        50.891         57.970
 6         91.326         96.041        23        48.230         55.457
 7         88.912         93.776        24        45.554         52.929
 8         86.484         91.495        25        42.862         50.384
 9         84.041         89.199        26        40.153         47.823
10         81.583         86.889        27        37.427         45.245
11         79.110         84.564        28        34.685         42.651
12         76.621         82.223        29        31.926         40.040
13         74.118         79.868        30        29.150         37.412
14         71.599         77.497        31        26.358         34.767
15         69.066         75.111        32        23.549         32.105
16         66.516         72.709        33        20.722         29.426
17         63.951         70.292        34        17.878         26.730

</TABLE>

*The Stipulated Loss Value or Termination Value for any unit of Equipment shall
be the Capitalized Lessor's Cost of such unit multiplied by the appropriate
percentage derived from the above table. In the event that the Lease is for any
reason extended, then the last percentage figure shown above shall control
throughout any such extended term.

G.   MODIFICATIONS AND ADDITIONS FOR THIS SCHEDULE ONLY.

     For purposes of this Schedule only, the Agreement is amended as follows:

     EQUIPMENT SPECIFIC PROVISIONS

          The MAINTENANCE Section of the Lease is amended by adding the
     following as the third sentence in subsection (a):

          Lessee agrees that upon return of the Equipment, it will comply with
     all original manufacturer's performance specifications for new Equipment
     without expense to Lessor. Lessee shall, if requested by Lessor, obtain a
     certificate or service report from the manufacturer attesting to such
     condition.

          Each reference contained in this Agreement to:

          (a)  "Adverse Environmental Condition" shall refer to (i) the
     existence or the continuation of the existence, of an Environmental
     Emission (including, without limitation, a sudden or non-sudden accidental
     or non-accidential Environmental Emission), of, or exposure to, any
     substance, chemical, material, pollutant, Contaminant, odor or audible
     noise or other release or emission in, into or onto the environment
     (including, without limitation, the air, ground, water or any surface) at,
     in, by, from or related to any Equipment, (ii) the environmental aspect of
     the transportation, storage, treatment or disposal of materials in
     connection with the operation of any Equipment or (iii) the violation, or
     alleged violation of any statutes, ordinances, orders, rules, regulations,
     permits or licenses of, by or from any governmental authority, agency or
     court relating to environmental matters connected with any Equipment.

          (b)  "Affiliate" shall refer, with respect to any given Person, to any
     Person that directly or indirectly through one or more intermediaries,
     controls, or is controlled by, or is under common control with, such
     Person.
<PAGE>   20
          (c) "Contaminant" shall refer to those substances which are regulated
     by or form the basis of liability under any Environmental Law, including,
     without limitation, asbestos, polychlorinated biphenyls ("PCBs"), and
     radioactive substances, or other material or substance which has in the
     past or could in the future constitute a health, safety or environmental
     hazard to any Person, property or natural resources.

          (d) "Environmental Claim" shall refer to any accusation, allegation,
     notice of violation, claim, demand, abatement or other order on direction
     (conditional or otherwise) by any governmental authority or any Person for
     personal injury (including sickness, disease or death), tangible or
     intangible property damage, damage to the environment or other adverse
     effects on the environment, or for fines, penalties or restrictions,
     resulting from or based upon any Adverse Environmental Condition.

          (e) "Environmental Emission" shall refer to any actual or threatened
     release, spill, emission, leaking, pumping, injection, deposit, disposal,
     discharge, dispersal, leaching or migration into the indoor or outdoor
     environment, or into or out of any of the Equipment, including, without
     limitation, the movement of any Contaminant or other substance through or
     in the air, soil, surface water, groundwater or property.

          (f) "Environmental Law" shall mean any federal, foreign, state or
     local law, rule or regulation pertaining to the protection of the
     environment, including, but not limited to, the Comprehensive Environmental
     Response, Compensation and Liability Act ("CERCLA") (42 U.S.C. Section 9601
     et seq.), the Hazardous Material Transportation Act (49 U.S.C. Section 1801
     et seq.), the Federal Water Pollution Control Act (33 U.S.C. Section 1251
     et seq.), the Resource Conservation and Recovery Act (42 U.S.C. Section
     6901 et seq.), the Clean Air Act (42 U.S.C. Section 7401 et seq.), the
     Toxic Substances Control Act (15 U.S.C. Section 2601 et seq.), the Federal
     Insecticide, Fungicide, and Rodenticide Act (7 U.S.C. Section 1361 et
     seq.), and the Occupational Safety and Health Act (19 U.S.C. Section 651 et
     seq.), as these laws have been amended or supplemented, and any analogous
     foreign, federal, state or local statutes, and the regulations promulgated
     pursuant thereto.

          (g) "Environmental Loss" shall mean any loss, cost, damage, liability,
     deficiency, fine, penalty or expense (including, without limitation,
     reasonable attorneys' fees, engineering and other professional or expert
     fees), investigation, removal, cleanup and remedial costs (voluntarily or
     involuntarily incurred) and damages to, loss of the use of or decrease in
     value of the Equipment arising out of or related to any Adverse
     Environmental Condition.

          (h) "Person" shall include any individual, partnership, corporation,
     trust, unincorporated organization, government or department or agency
     thereof and any other entity.

          Lessee shall fully and promptly pay, perform, discharge, defend,
     indemnify and hold harmless Lessor and its Affiliates, successors and
     assigns, directors, officers, employees and agents from and against any
     Environmental Claim or Environmental Loss.

          The provisions of this Schedule shall survive any expiration or
     termination of the Lease and shall be enforceable by lessor, its successors
     and assigns.

          RETURN CONDITIONS: In addition to the provisions provided for in the
     RETURN OF EQUIPMENT Section of the Lease, and provided that the Lessee has
     not elected its option to purchase the Equipment, Lessee shall, at its
     expense:

          (a) Upon the request of Lessor, Lessee shall no later than ninety (90)
     days prior to the expiration or other termination of the Lease provide:

               (i) a detailed inventory of the Equipment (including the model
     and serial number of each major component thereof), including, without
     limitation, all internal circuit boards, module boards, and software
     features;

               (ii) a complete and current set of all manuals, equipment
     configuration, setup and operation diagrams, maintenance records and other
     data that may be reasonably requested by Lessor concerning the
     configuration and operation of the Equipment; and

               (iii) a certification of the manufacturer or of a maintenance
     provider acceptable to Lessor that the Equipment (1) has been tested and is
     operating in accordance with manufacturers specifications (together with a
     report detailing the condition of the Equipment), the results of such
     test(s) and inspection(s) and all repairs that were performed as a result
     of such test(s) and inspection(s) and (2) that the Equipment qualifies for
     the manufacturers used equipment maintenance program.

          (b) Upon the request of Lessor, Lessee shall, no later than sixty (60)
     days prior to the expiration or other termination of the Lease, make the
     Equipment available for on-site operational inspection by persons
     designated by the Lessor who shall be duly qualified to inspect the
     Equipment in its operational environment.

          (c) All Equipment shall be cleaned and treated with respect to rust,
     corrosion and appearance in accordance with manufacturers recommendations
     and consistent with the best practices of dealers in used equipment similar
     to the Equipment; shall have no Lessee installed markings or labels which
     are not necessary for the operation, maintenance or repair of the
     Equipment; and shall be in compliance with all applicable governmental
     laws, rules and regulations.

          (d) The Equipment shall be deinstalled and packed by or under the
     supervision of the manufacturer or such other person acceptable to Lessor
     in accordance with manufacturers recommendations. Without limitation, all
     internal fluids will either be drained and disposed of or filled and
     secured in accordance with manufacturers recommendations and applicable
     governmental laws, rules and regulations.

          (e) Provide for transportation of the Equipment in a manner consistent
     with the manufacturer's recommendations and practices to any locations
     within the continental United States as Lessor shall direct; and shall have
     the Equipment unloaded at such locations.

H.   PAYMENT AUTHORIZATION

     You are herby irrevocably authorized and directed to deliver and apply the
proceeds due under this Schedule as follows:

<PAGE>   21
     Company Name             Address                       Amount
     ------------             -------                       ------

     Insight                  P. O. Box 78269,              $53,495.80
                              Phoenix, AZ 85062

     This authorization and direction is given pursuant to the same authority
authorizing the above-mentioned financing.

     Pursuant to the provisions of the lease, as it relates to this Schedule,
Lessee hereby certifies and warrants that (i) all Equipment listed above has
been delivered and installed (if applicable) as of the date stated above; (ii)
Lessee has inspected the Equipment, and all such testing as it deems necessary
has been performed by Lessee, Supplier or the manufacturer; and (iii) Lessee
accepts the Equipment for all purposes of the Lease, the purchase documents and
all attendant documents.

     Lessee does further certify that as of the date hereof (i) Lessee is not
in default under the Lease; (ii) the representations and warranties made by
Lessee pursuant to or under the Lease are true and correct on the date hereof
and (iii) Lessee has reviewed and approves of the purchase documents for the
Equipment, if any.

     Except as expressly modified hereby, all terms and provisions of the
Agreement shall remain in full force and effect. This Schedule is not binding
or effective with respect to the Agreement or Equipment until executed on
behalf of Lessor and Lessee by authorized representatives of Lessor and
Lessee, respectively.

     IN WITNESS WHEREOF, Lessee and Lessor have caused this Schedule to be
executed by their duly authorized representatives as of the date first above
written.

LESSOR:                                 LESSEE:

General Electric Capital Corporation    Action Performance Companies, Inc.

By:_________________________________    By: /s/ Chris Besing
                                            ------------------------------

Name:_______________________________    Name: Chris Besing
                                              ----------------------------

Title:______________________________    Title: CFO
                                               ---------------------------

                                        Attest

                                        By: /s/ Chris Philpost
                                            -------------------------------

                                        Name: Chris Philpost
                                              -----------------------------
<PAGE>   22
                                    ADDENDUM
                          TO SCHEDULES NO. 001 AND 002
                           TO MASTER LEASE AGREEMENT
                         DATED AS OF FEBRUARY 18, 1999

     This Addendum (this "ADDENDUM") amends and supplements Schedule No. 1 and
Schedule No. 2 (each, a "SCHEDULE"; collectively, the "SCHEDULES") to the above
referenced Master Lease Agreement (the "AGREEMENT"), between GENERAL ELECTRIC
CAPITAL CORPORATION ("LESSOR") and Action Performance Co. ("LESSEE") and is
hereby incorporated into the Schedule as though fully set forth therein.
Capitalized terms not otherwise defined herein shall have the meanings set
forth in the Schedule or Agreement.

WHEREAS, pursuant to Schedule No. 1 to the Agreement, Lessor has leased to
Lessee certain Equipment more particularly described therein (the "SCHEDULE NO.
1 EQUIPMENT"); and

WHEREAS, Lessee desires to lease certain additional Equipment from Lessor
pursuant to Schedule No. 2 of the Agreement, which Equipment is related to the
Schedule No. 1 Equipment and does not ordinarily function independently of the
Schedule No. 1 Equipment;

NOW THEREFORE, in consideration of the foregoing recitals and other good and
valuable consideration, and in order to induce Lessor to enter into Schedule
No. 2, the parties agree that notwithstanding anything to the contrary
contained in the Schedules or the Agreement, if Lessee exercises its option to
early terminate the Agreement with respect to all of the Equipment on a
Schedule, it must at that same time exercise that same option with respect to
all of the Equipment on the other Schedule, and whichever end-of-lease option
Lessee elects with respect to either purchasing all of the Equipment on a
Schedule or returning all of the Equipment on a Schedule, must also be elected
by Lessee with respect to all of the Equipment on the other Schedule.

Except as expressly modified hereby, all terms and provisions of the Schedules
and Agreement shall remain in full force and effect.

     IN WITNESS WHEREOF, Lessee and Lessor have caused this Addendum to be
executed by their duly authorized representatives on this 18 day of Feb., 1999.

Lessor:                                     Lessee:

General Electric Capital Corporation        Action Performance Companies, Inc.

By:                                         By: /s/ Chris Besing
      ------------------------------              ------------------------------

Name:                                       Name: Chris Besing
      ------------------------------              ------------------------------

Title:                                      Title: CFO
      ------------------------------              ------------------------------
<PAGE>   23
                      IMPORTANT!  YOUR INVOICE INFORMATION

DIRECTIONS: PLEASE COMPLETE AND RETURN WITH YOUR SIGNED DEAL DOCUMENTS OR FAX TO
972 991-6339 PLEASE MAKE ANY NECESSARY CORRECTIONS TO THE FOLLOWING INFORMATION:

Customer name:   Action Performance Companies, Inc.
                 -----------------------------------

Contact name     Accounts Payable                     Title
                 -----------------------------------        --------------------
Contact phone    602 337-3700                         Fax
                 -----------------------------------        --------------------

REQUIRED SECTION:

1. Where would you like your invoice sent?
   Billing address   Same as Mailing
                  --------------------------------------------------------------
   City/state/zip
                  --------------------------------------------------------------
   Attention                                          Phone
                  ------------------------------------       -------------------
   Department
                  --------------------------------------------------------------

OPTIONAL SECTION:

2. What information would you like on your invoice?

     (   )   Company Purchase Order number (if checked, list PO number:        )
                                                                        -------
     ( X )   Equipment serial number, model number and description

     ( X )   Equipment location

     (   )   Rent and sales tax broken down by asset

3. We can provide you with one invoice that incorporates the billing for all
   your Commercial Equipment Financing accounts with the same due date, the same
   billing address, and the same number of advance billing days.

   Would you like to receive one combined invoice?

     (   ) Yes    ( X ) No

4. Would you like to set up electronic payments?

     (   ) Yes (If Yes, see EPS Authorization attachment) ( X ) No

5. To help us plan for possible future enhancements to invoice, what other
   information would you like to see on your invoice?

   ------------------------------------------------------------------------

   ------------------------------------------------------------------------

   ------------------------------------------------------------------------

-------------------------------
Judi Braddick
Region Documentation Specialist

                                                   Account Schedule # 4081372002
<PAGE>   24

                                   SCHEDULE B

                                       10<PAGE>   1
                                                                    Exhibit 10.4

                            ASSET PURCHASE AGREEMENT

     THIS ASSET PURCHASE AGREEMENT (this "Agreement") is made and entered into
this 28 day of March, 2000, by and between GORACING.COM, INC., a Delaware
corporation ("Seller") and INTEGRATED INFORMATION SYSTEMS, INC., a Delaware
corporation ("Purchaser").

                                    RECITALS

     A. On even date herewith, Action Performance Companies, Inc., an Arizona
corporation, and sole shareholder of goracing ("Action"), and Purchaser intend
to enter into a Sublease Agreement (the "Hohokam Sublease") whereby Purchaser
will sublease from Action a portion of the premises located at 1480 S. Hohokam
Drive, Tempe, Arizona (the "Subleased Premises").

     B. The Subleased Premises currently contains among other assets, those
assets listed on Exhibits A and B hereto (the "Assets"), which are owned or
licensed by goracing.

     C. Purchaser desires to purchase the Assets as part of its occupation of
the Subleased Premises and the Seller desires to sell the Assets, on the terms
and conditions set forth herein.

                                   AGREEMENT

     NOW, THEREFORE, in consideration of the mutual covenants and agreements of
the parties and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereby agree as
follows:

     1. SALE AND PURCHASE. Seller hereby sells and Purchaser hereby purchases
the Assets.

     2. LIABILITIES TO BE ASSUMED BY PURCHASER. Purchaser shall assume no
liabilities with regard to the Assets.

     3. PURCHASE PRICE. The purchase price for the Assets shall be $1,963,307
(the "Purchase Price"). The Purchase Price is due and payable to Seller in
readily available funds upon the execution of this Agreement.

     4. TAX OBLIGATIONS.

        (a) 1999 YEAR TAX OBLIGATIONS. Seller agrees to pay any and all tax
obligations relating to the Assets for the year ended December 31, 1999.

        (b) 2000 YEAR TAX OBLIGATIONS. Seller agrees to pay any and all tax
obligations relating to the Assets, which are incurred for the period January
1, 2000, through March 31, 2000. Purchaser agrees to pay any and all tax
obligations related to the Assets which are incurred for the period April 1,
2000 through December 31, 2000.

<PAGE>   2
          (c)  FUTURE TAX OBLIGATIONS. Purchaser agrees to pay all tax
obligations related to the Assets, to the extent applicable, beginning on April
1, 2000.

     5.   SELLER'S REPRESENTATIONS AND WARRANTIES. To induce Purchaser to enter
into this Agreement and for the benefit of Purchaser, Seller represents and
warrants as follows:

          (a)  CORPORATE STATUS AND AUTHORITY. Seller is a corporation duly
organized, validly existing and in good standing under the laws of its state of
incorporation. The execution and delivery of this Agreement and the
consummation of the transactions contemplated hereby have been validly
authorized by all necessary corporate action of Seller.

          (b)  OWNERSHIP OF ASSETS AND PROPERTIES.

               (i)  ASSETS LISTED ON EXHIBIT A. Seller has good and marketable
title to the assets listed on Exhibit A (the "A Assets"). Seller owns the A
Assets free and clear of all liens, mortgages, pledges, security interests,
restrictions, prior assignments, encumbrances and claims of every kind and
character.

               (ii) ASSETS LISTED ON EXHIBIT B. Seller makes no representations
or warranties with respect to title to or transferability of those assets
listed on Exhibit B (the "B Assets"). Seller agrees to use its reasonable best
efforts to assist Purchaser in transferring any of the B Assets from Seller to
Purchaser.

          (c)  DISPUTES. There are no outstanding, and to the best of Seller's
knowledge, no threatened, disputes or disagreements with respect to the Assets.

          (d)  INTELLECTUAL PROPERTY. All intellectual property rights relating
to the Assets, to the best of Seller's knowledge, are currently in compliance
with all legal requirements, are valid and enforceable, and have not been
challenged or threatened in any way as infringing upon the rights of any third
party.

     6.   NOTICES. All notices of communication required or permitted hereunder
or with regard to the Base Equipment Leases shall be in writing and may be
given by depositing the same in the United States mail, addressed to the party
to be notified, postage prepaid and registered or certified with return receipt
requested, or by delivering the same in person to any officer or agent of such
party.

               (i)  If to Seller, addressed to it at:

                    goracing.com, inc.
                    4707 East Baseline Road
                    Tempe, Arizona 85040
                    Attn: Chief Financial Officer
                    Fax: (602) 337-3780

                                       2
<PAGE>   3
               With a copy to:

               Greenberg Traurig, LLP
               1 E. Camelback Road, Suite 1100
               Phoenix, Arizona 85012
               Attn: Robert S. Kant, Esq.
               Fax: (602) 263-2350

          (ii) If to Purchaser, addressed to it at:

               Integrated Information Systems, Inc.
               1480 S. Hohokam Drive
               Tempe, Arizona 85281
               Attn: Jeffrey Frankel
               Fax: (480) 317-8010

               With a copy to:

               Snell & Wilmer, LLP
               One Arizona Center
               400 East Van Buren
               Phoenix, Arizona 85004-2202
               Attn: Michael Christopher, Esq.
               Fax: (602) 382-6070

     7.   PURCHASER'S REPRESENTATIONS AND WARRANTIES. To induce Seller to enter
into this Agreement, Purchaser represents and warrants as follows:

          (a) CORPORATE STATUS AND AUTHORITY. Purchaser is a corporation duly
organized, validly existing and in good standing under the laws of its state of
incorporation. The execution and delivery of this Agreement and the
consummation of the transactions contemplated hereby have been validly
authorized by all necessary corporate action of Purchaser.

          (b) "AS IS" CONDITION. The Purchaser acknowledges that the Assets are
being sold "as is" and the Seller makes no representations with regard to their
condition or their future use or performance.

     8. DELIVERIES.

          (a) BY SELLER. Upon the execution of this Agreement, Seller shall
deliver all other document(s) necessary to convey to Purchaser title to the
Assets to the extent contemplated by this Agreement.

          (b)  BY PURCHASER. Upon the execution of this Agreement, Purchaser
shall deliver to Seller, the Purchase Price.

                                       3

<PAGE>   4
     9.  BILL OF SALE. This Agreement is intended to also operate as a bill of
sale and shall be evidence of the transfer of the Assets as provided for herein.

     10. GENERAL PROVISIONS.

         (a)   ENTIRE AGREEMENT. This Agreement contains the entire agreement
and understanding among the parties hereto with respect to the subject matter
hereof, and supersedes all prior and contemporaneous agreements,
understandings, inducements and conditions, express or implied, oral or
written, of any nature whatsoever with respect to the subject matter hereof.

         (b)   CONTROLLING LAW. This Agreement and all questions relating to
its validity, interpretation, performance and enforcement, shall be governed by
and construed, interpreted and enforced in accordance with the laws of the
State of Arizona, notwithstanding any Arizona or other conflict-of-law
provision to the contrary.

     IN WITNESS WHEREOF, THE PARTIES HAVE EXECUTED THIS AGREEMENT AS OF THE DATE
FIRST WRITTEN ABOVE.

                                   SELLER:

                                   goracing.com, inc., a Delaware corporation

                                   By: /s/ David Husband
                                       -------------------------------------
                                   Name: David Husband
                                        ------------------------------------
                                   Its: Chief Financial Officer
                                        ------------------------------------

                                   PURCHASER:

                                   Integrated Information Systems, Inc., a
                                   Delaware corporation

                                   By: /s/ Craig A. King
                                       -------------------------------------
                                   Name: Craig A. King
                                        ------------------------------------
                                   Its: Vice President
                                        ------------------------------------

                                       4

<PAGE>   5
                     Exhibit A to Asset Purchase Agreement
                                 (IIS Interest)

<TABLE>
<CAPTION>
Acquisition  Sys  Asset                                                                                        Acquisition
   Date      No.   Life  Account No.                  Asset Description                                           Value      NBV
-----------------------------------------------------------------------------------------------------------------------------------
                                                       OFFICE EQUIPMENT
<S>         <C>   <C>    <C>       <C>                                                                            <C>      <C>
 6/26/97     103  05 00  1545-000  h  CLOSE AI BOOKS TO JDE-BOB MARGOLIS-DIGITAL CAMERA                           $   530  $   256
 10/1/95     106  05 00  1545-000  h  CLOSE AI BOOKS TO JDE-FAX MACHINE                                               315       47
 1/20/00     222  05 00  1545-000     CORPORATE EXPRESS-CHAIRS                                                      3,594    3,594
  5/7/99     114  05 00  1545-000     MARIA FURTADO-BOOKSHELVES                                                       273      237
 1/31/00     226  05 00  1545-000  h  TEMPE CAMERA-PHOTO EQUIPMENT/CARD READER, MICROTECH USB/BACKGROUND/
                                      6x7 CHROMA-KE                                                                 2,411    2,411
 9/29/99     172  05 00  1545-000     W.B. MASON-CREDIT MEMO                                                         (469)    (438)
 5/19/99     115  05 00  1545-000     W.B. MASON-OFFICE FURNITURE                                                   5,383    4,665
 6/16/99     143  05 00  1545-000     WB MASON-FURNITURE                                                              469      415
                                      SOUTHWEST PARTITIONS                                                          5,392    5,392
                                      SOUTHWEST PARTITIONS                                                          1,262    1,262
                                      CORPORATE EXPRESS - MISC. OFFICE FURNITURE                                    7,533    7,533
                                      NEOPOST                                                                       7,399    7,399
                                      MCMASTER CARR SUPPLY CO.                                                        386      386
                                      R.C. TAYLOR - TRAINING ROOM FURNITURE                                        11,893    9,118
                                                                                                                  ----------------
                                                                Office Equipment                                   46,371   42,277
                                                                                                                  ----------------
</TABLE>

<TABLE>
<CAPTION>
                                                      COMPUTER EQUIPMENT
<S>         <C>   <C>    <C>       <C>                                                                            <C>      <C>
 1/20/00     224  03 00  1550-000  h  ANTHONY PEREZ-(2) C2NET STONGHOLD SECURE WE                                   2,020    2,020
 1/29/99      30  05 00  1550-000  h  AT&T WIRELESS-NOKIA 6160 TELEPHONE/LEATHER CARRY CASE/TAX                        94       80
10/31/99     236  03 00  1550-000  h  COMPAQ USA-IMAQ 333 32 MB COMPUTERS LIME                                      7,200    7,200
 9/30/99     190  05 00  1550-000  h  COMPAQ-COMPUTER EQUIPMENT                                                     7,770    7,252
 1/21/99      27  05 00  1550-000  h  COMPUSA-EPSON HARDSHELL CARRYING CASE                                           249      212
 1/29/99      31  05 00  1550-000  h  COMPUSA-EPSON POWERLITES 5100XB                                               5,222    4,439
 1/11/00     227  03 00  1550-000  h  DEL MARKETING-(2) DELL PIII WORKSTATIONS/TAX & SHIPPING                      49,253   49,253
12/17/99     217  03 00  1550-000  h  DELL MARKETING-5 DELL P6450 SYSTEMS                                           8,012    7,789
 5/20/99     119  05 00  1550-000  h  DELL MARKETING-DELL P633 CEL COMPUTER/SALES TAX/SHIPPING                      4,528    3,925
10/31/99     233  03 00  1550-000  h  DELL MARKETING-DELL P6450 G1 COMPUTER/TAX/INSTALLATION                       24,639   24,639
  8/2/99     159  05 00  1550-000  h  DELL MARKETING-DELL P6450 GX1                                                 9,515    8,722
 5/20/99     118  05 00  1550-000  h  DELL MARKETING-DELL P6450 GXI COMPUTER/SALES TAX/SHIPPING                    16,467   14,271
10/31/99     234  03 00  1550-000  h  DELL MARKETING-DELL P64501 COMPUTER/TAX/INSTALLATION                         14,796   14,796
10/31/99     232  03 00  1550-000  h  DELL MARKETING-DELL PII 450K GX1 COMPUTER                                    28,781   28,781
12/31/98       2  05 00  1550-000  h  DELL MARKETING-INSPRION D233ST PENTIUM II/DELL SYSTEM MOUSE/WIN95
                                      SPACESAVER KEY                                                                7,372    6,020
 2/16/99      24  05 00  1550-000  h  DELL MARKETING-LATITUDE CPI300XT 13.3/SHIPPING/TAX                            8,072    6,592
12/31/98       1  05 00  1550-000  h  DELL MARKETING-LATITUDE CPI300XT/DELL SYSTEMS MOUSE/WIN95
                                      SPACESAVER KEYBOARD/SH                                                       21,329   17,419
  8/5/99     163  05 00  1550-000  l  DELL MARKETING-SHIPPING/TAX/MS SUPPORT SYSTEM                                   915      839
</TABLE>

Fixed Asset Schedules             Page 1 of 4                           Interest

<PAGE>   6
<TABLE>
<S>        <C>       <C>      <C> <C>                                                                                <C>      <C>
 1/13/99   26 05 00  1550-000  h  DELL MARKETING-ULTRABOARD WINDOWS 95 104 KEY                                        2,110   1,793
12/31/98   23 05 00  1550-000  h  DELL P6450 GX1 COMPUTER/READYWARE FACTORY                                          77,228  61,782
 7/30/99  154 05 00  1550-000  h  INSIGHT DIRECT INC                                                                    864     778
  2/3/99   36 05 00  1550-000  h  INSIGHT DIRECT INC-128 MB                                                             569     484
 6/28/99  150 05 00  1550-000  h  INSIGHT DIRECT INC-COMPAQ 15U RACK BLANKING PANEL                                     113     100
12/31/98   11 05 00  1550-000  h  INSIGHT DIRECT INC-COMPAQ 42U RACK FOR PROLIANT                                     5,481   4,476
12/31/98    9 05 00  1550-000  h  INSIGHT DIRECT INC-COMPAQ PROLIANT STORAGE/WIN NT SERVER V4.0 ENTERPRISE/RACK MO   24,997  20,414
  2/3/99   38 05 00  1550-000  h  INSIGHT DIRECT INC-COMPAQ PROLINE 2500/4.3 GB SCSI ULTR WIDE                        4,875   4,144
 6/28/99  151 05 00  1550-000  h  INSIGHT DIRECT INC-COMPUTER EQUIPMENT                                               1,963   1,734
 4/22/99   62 05 00  1550-000  h  INSIGHT DIRECT INC-DIGI ACC.PORT MODEMS                                             1,485   1,262
12/31/98   17 05 00  1550-000  h  INSIGHT DIRECT INC-FIBRE CLUSTER OPTION KIT/6'COMPAQ EXTERNAL WIDE SCSI/NETELLIG      780     637
 1/28/99   33 05 00  1550-000  h  INSIGHT DIRECT INC-MAGICOLOR 330EX COLOR LASER/FIBRE CHANNEL TROUBLESHOOT           4,964   4,219
 1/28/99   28 05 00  1550-000  h  INSIGHT DIRECT INC-VHDCI TO 68PIN CABLE                                                69      59
 9/30/99  176 05 00  1550-000  h  INSIGHT DIRECT-0 VOUCHER                                                             (349)   (326)
  2/3/99   37 05 00  1550-000  h  INSIGHT DIRECT-18.2 GB SCSI ULTRA WIDE/4.3 GB LOW CAT NON-HOT/SMART 2/DH PCI ARR   13,204  11,223
  4/7/99   46 05 00  1550-000  h  INSIGHT DIRECT-18.2 GB SCSI ULTRA-WIDE PLUGA/TAX                                   14,417  12,255
 1/11/00  228 03 00  1550-000  h  INSIGHT DIRECT-18.2GB SCSI ULTRA-WIDE PLUGAB                                       18,200  18,200
 5/27/99  126 05 00  1550-000  h  INSIGHT DIRECT-256MB REGISTERED SDRAM DIMM                                          6,680   5,789
 5/13/99  117 05 00  1550-000  h  INSIGHT DIRECT-256MB REGISTERED SDRAM DIMM/SHIPPING/HANDLING/SALES TAX             16,442  14,250
  4/8/99   61 05 00  1550-000  h  INSIGHT DIRECT-4.3 GB SCSI ULTRA WIDE/OKI MICROLINE 321 TURBO/TAX                  16,031  13,626
 4/22/99   55 05 00  1550-000  h  INSIGHT DIRECT-512MB DIMM KIT/FIBRE CHANNEL ARRAY RACK                              9,275   7,884
  4/8/99   59 05 00  1550-000  h  INSIGHT DIRECT-64 MB REGISTERED/256 MB/COMPAQ PII 450/COMPAQ ULTRA WIDE CONTROLL     4,419   3,756
 5/27/99  128 05 00  1550-000  h  INSIGHT DIRECT-APC MATRIX CASTERS BLACK META                                          170     147
 5/12/99  116 05 00  1550-000  h  INSIGHT DIRECT-COMPAQ 37-70GB EXTERNAL/SALES TAX/SHIPPING                           6,777   5,874
 6/14/99  140 05 00  1550-000  h  INSIGHT DIRECT-COMPAQ 42U RACK SIDEWALL KIT/RACK COUPLING KIT/MONITOR UTILITY SH    1,500   1,325
 5/27/99  123 05 00  1550-000  h  INSIGHT DIRECT-COMPAQ CD STORAGE SYSTEM RACK/COMPAQ 24X MAX IDE CDROM/64MB SIMM    10,190   8,831
  4/8/99   60 05 00  1550-000  h  INSIGHT DIRECT-COMPAQ CPU TO SWITCH CABLE/37/70 GB DLT LIBRARY READY/DLT TAPE      12,246  10,409
 9/16/99  175 05 00  1550-000  h  INSIGHT DIRECT-COMPAQ FIBRE HOST ADAPTER                                           (3,609) (3,368)
 4/14/99   51 05 00  1550-000  h  INSIGHT DIRECT-COMPAQ FIBRE HOST ADAPTER PCI/SALES TAX/SHIPPING/HANDLING            3,616   3,073
 5/27/99  135 05 00  1550-000  h  INSIGHT DIRECT-COMPAQ MULTI SERVER COMM/NETELLIGENT RECESSED RAIL KIT/COUPLING K    1,425   1,235
 5/27/99  132 05 00  1550-000  h  INSIGHT DIRECT-COMPAQ PROLIANT 1850R HOTPLUG/COMPQ 42U RACK SIDEWALL KIT/SALES T    1,625   1,408
  4/7/99   44 05 00  1550-000  h  INSIGHT DIRECT-COMPAQ PROLIANT REDUNDANT PWR                                           591     502
 5/27/99  131 05 00  1550-000  h  INSIGHT DIRECT-COMPAQ PROLIANT REDUNDANT PWR/CLUSTER KIT PROLIANT CLUST/COMPAQ R    1,091     946
 5/27/99  137 05 00  1550-000  h  INSIGHT DIRECT-COMPAQ PROLIANT REDUNDANT PWR/FIBRE CHANNEL STORAGE HUB/DLT TAPE      3,977   3,447
 5/27/99  136 05 00  1550-000  h  INSIGHT DIRECT-COMPAQ PROLIANT REDUNDAT/CLUSTER KIT/COMPAQ RECOVERY SERVER OPTIO    9,084   7,873
 5/27/99  130 05 00  1550-000  h  INSIGHT DIRECT-COMPAQ PROLIANT STORAGE SYS/FREIGHT                                  3,900   3,380
 5/27/99  125 05 00  1550-000  h  INSIGHT DIRECT-COMPAQ PROSIGNIA 200 6/300/9 10GB SCSI UW HOT PLUG HD/COMPAQ NETE    6,166   5,343
 5/27/99  134 05 00  1550-000  h  INSIGHT DIRECT-COMPAQ RACK STABILIZING/COMPAQ PROLIANT REDUNDANT/COMPAQ MULTISER    8,251   7,151
 6/14/99  141 05 00  1550-000  h  INSIGHT DIRECT-COMPAQ RECOVERY SERVER OPTION/NETELLIGENT ETHERNET                   1,359   1,201
 6/28/99  147 05 00  1550-000  h  INSIGHT DIRECT-COMPUTER EQUIPMENT BOSTON                                            2,116   1,869
 5/27/99  124 05 00  1550-000  h  INSIGHT DIRECT-HP LASERJET 400N (2)/COMPAQ PROLIANT 1850R PII 400                  10,836   9,391
 5/27/99  129 05 00  1550-000  h  INSIGHT DIRECT-KEYBOARD DRAWER KIT/COMPAQ 15U RACK BLANKING PANEL                   1,029     892
 5/27/99  121 05 00  1550-000  h  INSIGHT DIRECT-P2400 512K SLOT 1 PROCESSOR                                          3,120   2,704
 4/21/99   54 05 00  1550-000  h  INSIGHT DIRECT-PLASMAVISION 42' MONITOR/SHIPPING                                   12,473  10,602
 8/20/99  165 05 00  1550-000  h  INSIGHT DIRECT-QD6525 DATA CARTRIDGE TAPES/SALES TAX/SHIPPING                          71      65
</TABLE>

Fixed Asset Schedules                   Page 2 of 4                    Interest

<PAGE>   7
<TABLE>
<C>      <C>                 <C>  <C>                                                             <C>        <C>

 5/27/99 133 05 00 1550-000   h   INSIGHT DIRECT-RACK MOUNTABLE UPS MODEL 3000/COMPAQ 15U RACK
                                     BLANKING PANEL/TAX                                               4,909      4,255
 4/22/99  63 05 00 1550-000   h   INSIGHT DIRECT-REMOTE INSIGHT PCI LAN ONLY                        28,294     24,050
 6/24/99 149 05 00 1550-000   h   INSIGHT DIRECT-RETURNED COMPAQ PROLIANT/COMPAQ SCSI               (5,289)    (4,672)
 6/14/99 139 05 00 1550-000   h   INSIGHT DIRECT-RETURNED COMPAQ24X MAX IDE CDR                     (2,352)    (2,078)
 5/27/99 122 05 00 1550-000   h   INSIGHT DIRECT-SMART 2/DH PCI ARRAY/COMPAQ PROLIANT 2500/
                                     COMPAQ 18.2 GB PLUB UW                                          18,819     16,310
 2/5/99   39 05 00 1550-000   h   INSIGHT DIRECT-UNIVERSAL INPUT CASSETTE                              170        145
 4/8/99   58 05 00 1550-000   h   INSIGHT DIRECT-WACOM INTUOS 12X12 SERIAL/COMPAQ NETELLIGENT
                                     ETHERNET/COMPAQ PROL                                             4,978      4,232
 2/25/99  35 05 00 1550-000   h   INSIGHT DIRECT-ZERO VOUCHER                                      (21,657)   (18,408)
 8/11/99 158 05 00 1550-000   h   INSIGHT-COMPAQ FLAT PANEL MON                                      2,874      2,635
12/31/98  15 05 00 1550-000   h   KENT DATACOMM-030-RED/040-RED/015-ORANGE/030-ORANGE/
                                     040-ORANGE/015-GREEN/030/GRE                                     2,435      1,988
 6/10/99 146 05 00 1550-000   h   KENT DATACOMM-1 PORT T1 FRACTIONAL T1                                806        712
12/31/98  12 05 00 1550-000   h   KENT DATACOMM-30' FDDI-MMF-MIC/KUEHNE & NAGEL-FREIGHT                594        485
11/22/99 204 03 00 1555-000   h   KENT DATACOMM-50' CAT 5 PURPLE CABLE/50' LEVEL 5 LINE/
                                     50' BLUE PATCH CORD                                               986        931
12/17/99 216 03 00 1550-000   h   KENT DATACOMM-600W REDUNDANT AC POWER SYSTEMS                      2,140      2,080
 1/20/99  34 05 00 1550-000   h   KENT DATACOMM-CAT 5/6 RED/GREEN/PURPLE/3" PURPLE/TAX/FREIGHT"        115         98
 1/29/99  29 05 00 1550-000   h   KENT DATACOMM-CISCO ADD ON 8X5XNB FOR 2900                         1,018        865
 3/22/99  43 05 00 1550-000   h   KENT DATACOMM-CISCO PIX FIREWALL 520/CISCO 1/100 INTERFACE CARD/
                                     TAX/FREIGHT                                                    18,311     15,565
  4/7/99  57 05 00 1550-000   h   KENT DATACOMM-CISCO SMARTNET PIX 5200                              1,624      1,380
 6/10/99 138 05 00 1550-000   h   KENT DATACOMM-CROSS CONNECT 24 PORT PNL-25PR                         650        574
  8/3/99 162 05 00 1550-000   h   KENT DATACOMM-FRIGHT/TAX/SHIPPING FOR COMPUTER EQUIPMENT           1,624      1,489
 7/29/99 153 05 00 1550-000   h   KENT DATACOMM-NETRANGER SENSOR,2 10/100T                          13,680     12,312
 7/19/99 152 05 00 1550-000   h   KENT DATACOMM-NETSSONAR NT-UP TO 2500 DDR                         12,668     11,402
  7/2/99 155 05 00 1550-000   h   KENT DATACOMM-NETWORK CONFIG MODULE                                1,211      1,090
12/31/98  14 05 00 1550-000   h   KENT DATACOMM-VELCROE TIE/CISCO ADD ON V.35-60 PIN/HORIZONTAL
                                     MNGR/CISCO ADD ON                                               9,278      7,577
 10/6/99 187 03 00 1550-000   h   KENT DATACOMM-PATCH CORDS FOR NEW BUILDING                         2,548      2,335
 1/20/00 225 03 00 1550-000   h   OPEN SYSTEM SOLUTIONS-PF FOR PIX-UP DEVICE LIC                     4,515      4,515
  9/8/99 173 05 00 1550-000   h   PC CONNECTION-IBM THINKPAD 570 PII                                 9,268      8,650
10/31/99 231 03 00 1550-000   h   PC CONNECTION-IBM THINKPAD 570 PII                                 3,479      3,479
12/31/98   6 05 00 1550-000   h   PC CONNECTION-POWERMAC G3 COMPUTER/APPLE G3 64MV DIMM/APPLE G3
                                     128MB DIMM/21 VI"                                               3,732      3,048
                                  ACCRUE SOFTWARE, INC.                                             10,000     10,000
                                  ACCRUE SOFTWARE, INC.                                             20,000     20,000
                                  VERITAS DB EDITION/ORACLE TIER 2 LICENSE                          28,576     28,576
                                  PREMIER DIRECT ASSIST SUPPORT                                      8,648      8,648
                                  UNIMOUNT BASE FOR SPARC 4,5,20,ULTRA                               1,560      1,560
                                  UNIMOUNT BEZEL FOR ULTRA 1                                           504        504
                                  KENT DATACOMM-ETHERNET PORT                                        4,644      4,644
                                  KENT DATACOMM-PPORT PLUS UPGRADES                                    600        600
                                  KENT DATACOMM-1000BASE-SX GBIC MUL                                 3,600      3,600
                                  MICROSOFT                                                          1,225      1,225
                                  COMPAQ PARTS AND SERVICE                                           1,805      1,805
                                  COMPAQ PARTS AND SERVICE                                           1,805      1,805
                                  FRY'S ELECTRONICS                                                    494        494
                                  FRY'S ELECTRONICS                                                    644        644
                                  PC CONNECTION                                                        932        932
                                  INSIGHT DIRECT, INC.                                                 262        262

</TABLE>

                                  Page 3 of 4
<PAGE>   8
                               Computer Equipment

<TABLE>
<CAPTION>
                                                                                              -------------------------------------
                                                                                                    744,781            669,428

                                                                                              --------------------------------------
                                                      LEASEHOLD IMPROVEMENTS
<S>                               <C>   <C>                                                       <C>                  <C>
11/19/99  200  10 00  1590-000          BOB'S LOCK & SAFE CENTER-REKEYS/KEYS/SERVICE                1,849               1,818
11/30/99  238  10 00  1590-000          COMPEL-CONTRACT PRICE/UPS UPGRADE/GENERATOR SET UP        313,574             305,735
11/30/99  237  10 00  1590-000          COMPEL-SPEAKER TERM/INSTALL/ADDN'L WORK STATIONS
                                            ADDN VOICE/TECH CENTER/BALANCE                        235,156             229,277
  1/5/00  221  10 00  1590-000          GRINNELL-FIRE PROTECTION SYSTEM                            25,102              25,102
12/10/99  213  10 00  1590-000          HB TEMPE LLC-FINAL PAYMENT FOR IMPROVEMENTS                88,216              87,481
 11/4/99  201  10 00  1590-000          HB TEMPE LLC-GORACING BUILDING TENANT IMPROVEMENTS        169,046             166,228
12/29/99  207  10 00  1590-000          RICKABAUG INC-MAILROOM/COPYROOM CABINETRY                   6,276               6,224
                                                                                            ----------------------------------------
                                                 Leasehold Improvements                           839,219             821,866
                                                                                            ----------------------------------------

                                        GRAND TOTAL                                         ----------------------------------------
                                                                                               $1,630,372          $1,533,571
                                                                                            ========================================

LESS EQUIPMENT TO BE RETAINED:

 1/29/99  31 05 00  1550-000      h     COMPUSA-EPSON POWERLITES 5100XB                             (5,222)            (4,439)
                                        10 DELL GX1 WORKSTATIONS (@ $1,300 EACH)                   (13,000)           (13,000)
                                        2 IBM THINKPAD LAPTOPS (@ $4,000 EACH)                      (8,000)            (8,000)
                                                                                            ----------------------------------------
                                                                                                $1,604,150         $1,508,132
                                                                                                                   $    5,599
Telecommunication installation charges to be reimbursed by IIS for telecommunication
      services assumed by IIS                                                                                   -------------------
                                                                                                                   $1,513,731

                                                                                                                ===================
</TABLE>
                                  Page 4 of 4
<PAGE>   9
                     EXHIBIT B TO ASSET PURCHASE AGREEMENT
                              (IIS LESS INTEREST)

<TABLE>
<CAPTION>

ACQUISITION  SYS  ASSET                                                                                        ACQUISITION
   DATE      NO.   LIFE  ACCOUNT NO.                             ASSET DESCRIPTION                                VALUE       NBV
-----------  ---  -----  -----------    --------------------------------------------------------------------   -----------  -------
<S>          <C>  <C>    <C>        <C> <C>                                                                    <C>          <C>
                                                                   OFFICE EQUIPMENT

   3/25/96    78  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-INFORMATION SERVICE-SERVER                         $ 10,000   $ 2,333
   3/27/96    79  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-INFORMATION SERVICE-SERVER                           24,000     5,600
   2/20/97   100  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-BAY STATE COMPUTER GROUP                              1,377       574
  12/30/96    99  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-BAY STATE COMPUTER GROUP-2.1 GB INTERNAL DRIVE          800       307
  12/19/96    97  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-BAY STATE COMPUTER GROUP-HARD DRIVE 2.1 GB              858       329
  12/26/96    98  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-BAY STATE COMPUTER GROUP-HARDWARE AND SOFTWARE        3,570     1,369
   7/12/96    86  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-BAY STATE COMPUTER GROUP-HP VECTRA                    3,421     1,026
   7/12/96    87  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-BAY STATE COMPUTER GROUP-HP VECTRA                    2,983       895
    3/6/97   101  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-BAY STATE COMPUTER GROUP-LAP TOP & 16MB               3,674     1,592
   7/15/96    88  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-BAY STATE COMPUTER GROUP-NEC PORT REPLICA               146        44
  10/25/96    96  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-BAY STATE COMPUTER GROUP-NT USERS                     5,250     1,838
   7/22/96    89  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-BAY STATE COMPUTER GROUP-SYNOPTICS 16 PORT            1,291       387
   9/18/96    95  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-BAY STATE COMPUTER GROUP-T1 UPGRADE                   4,992     1,664
    9/9/96    93  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-BAY STATE COMPUTER GROUP-UNIX BOX                    (1,000)     (333)
   9/10/96    94  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-BAY STATE COMPUTER GROUP-UNIX BOX                    10,552     3,517
   5/22/96    83  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-BBN PLANET-PBX EQUIPMENT                              6,350     1,693
  12/18/95   111  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-DATATREND-PENTIUM                                       998       183
   1/25/96    76  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-DATATREND-RETUN COMP.                                  (998)     (200)
   8/28/96    91  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-DATAWARE PRODUCTS-MEMORY                                756       239
   8/28/96    92  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-DATAWARE PRODUCTS-NEC VERSA                           6,199     1,963
   6/13/96    84  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-DAVE HACKETT-2 COMPAQ COMPUTERS                       6,682     1,893
   7/24/96    90  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-DAVE HACKETT-2 COMPUTERS                             10,023     3,007
   6/13/96    85  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-DAVE HACKETT-DRIVE ET AL                              1,914       542
   1/25/96    77  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-DAVE HACKETT-HP 5P                                      883       177
    5/3/96    82  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-LOUIS CATARINA-COMPTUER BALANCE                         377       100
   5/20/97   102  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-MBNA AMERICA-MOTOROLA HAND HELD                         462       216
   9/12/95   104  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-MICRONET ASSOCIATES-COMPUTERS                        13,442     1,792
  10/20/95   107  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-MICRONET ASSOCIATES-COMPUTERS                         1,435       215
  11/20/95   108  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-MICRONET ASSOCIATES-COMPUTERS                         5,000       833
  11/20/95   109  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-MICRONET ASSOCIATES-COMPUTERS                         6,000     1,000
  11/30/95   110  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-MICRONET ASSOCIATES-COMPUTERS                           875       146
  12/28/95   113  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-MICRONET ASSOCIATES-COMPUTERS                         2,734       501
   1/10/96    73  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-MICRONET ASSOCIATES-COMPUTERS                         5,140     1,028
   1/10/96    74  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-MICRONET ASSOCIATES-COMPUTERS                         5,465     1,093
   1/24/96    75  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-MICRONET ASSOCIATES-COMPUTERS                         1,321       264
   10/1/95   105  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-PAID BY VB                                            2,555       383
   4/24/96    80  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-SIGN-A-RAMA-ALUM SIGN BOX                             1,475       369
    5/2/96    81  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-SIGNATURE COMPUTER-2 PCS                              3,742       998
  12/28/95   112  05 00   1545-000  h  CLOSE AI BOOKS TO JDE-MICRONET ASSOCIATES-COMPUTERS                         1,894       347
   8/17/99   166  05 00   1545-000  h  DAVE HACKETT-EQUIPMENT FOR RADIO                                            3,349     3,070

</TABLE>

Fixed Asset Schedules                 Page 1 of 3                  Non Interest
<PAGE>   10
<TABLE>
<S>        <C>         <C>       <C>  <C>                                                                         <C>        <C>
10/18/99   186 05 00   1545-000       HAYMARKET PUBLISHING SERVICES-PHOTOGRAPHY SERVICE-GORACING.COM                   750       713
                                                                                                                   -------   -------
                                                                 Office Equipment                                  160,735    43,708
                                                                                                                   -------   -------

                                                              COMPUTER EQUIPMENT

 4/12/99    50 05 00   1550-000   s   ADOBE ACCOBAT WRITER                                                             210       178
11/19/96    65 05 00   1550-000   s   CLOSE AI BOOKS TO JDE-STORM CLOUD-SOFTWARE                                     1,005       369
 1/10/00   223 03 00   1550-000   h   COMPEL-AIA DOCUMENT G703                                                      7,238     7,238
12/31/98     7 05 00   1550-000   c   COMPUTER BREAKTHROUGH-TIVOLI IT DIRECTOR 1.1/CBI INTALLATION-5 DAYS/CBI
                                      SUPPORT                                                                       22,000    17,967
 7/30/99   156 05 00   1550-000   s   COMPUTER NETWORK SOFTWARE                                                        224       202
12/31/99   230 03 00   1550-000   c   CONSULTING FOR NEW EQUIPMENT                                                  17,213    17,213
 8/17/99   164 05 00   1550-000   h   DAVE HACKETT-COMPUTER EXPENSE                                                    793       727
 4/20/99    52 05 00   1550-000   s   DAVE HACKETT-TSI/SOFTWARE FOR SPEEDMALL                                          100        85
12/17/99   218 03 00   1550-000   s   DTP DIRECT-DREAMWEAVER                                                           867       843
 12/1/99   219 03 00   1550-000   s   DTP DIRECT-DREAMWEAVER 2/PHOTOSHOP 5.5/PHOTOTOOLS 3.0/ACROBAT 4.0/TYPE
                                       MANAGER                                                                       4,409     4,286
 12/1/99   214 03 00   1550-000   s   DTP DIRECT-MS VISUAL STUD PROF 6.0/AB AFTER EFFECTS 4.1/HEADLINE
                                       STUDIO 1.0/DIME                                                               7,864     7,646
  1/1/99    20 05 00   1550-000   c   ENGAGE TECHNOLOGIES--PUBLIC TRAINING 12/10-12/11/98- doc PV40239               3,300     2,695
  1/1/99    21 05 00   1550-000   c   ENGAGE TECHNOLOGIES--INSTALLATION 11/30-12/01/98- doc PV40240                  3,000     2,450
  1/1/99    19 05 00   1550-000   l   ENGAGE TECHNOLOGIES--LICENSE/MAINT&SUPPORT- doc PV38379                       14,520    11,858
 8/31/99   161 05 00   1550-000   h   EYEWIRE INC-LETTERPRESS SPECIAL EDITION                                          400       367
  4/7/99    48 05 00   1550-000   h   INSIGHT DIRECT-BACKUP EXEC FOR WIN NT V7.2/SHIPPING                            2,723     2,314
  4/8/99    49 05 00   1550-000   h   INSIGHT DIRECT-BACKUP EXEC FOR WIN NT V7.2/SQL AGENT/WNT V7.2 OPEN/DLT
                                       35/70 CAR                                                                    14,347    12,195
  4/7/99    47 05 00   1550-000   l   INSIGHT DIRECT-LIC NMS ENTERPRISE ENCRYPTION/SW SUBSCRIPTION LIC NMS           8,971     7,625
 6/14/99   142 05 00   1550-000   h   INSIGHT DIRECT-MATRIX3000ES 3000VA ONLINE/CORD CONNECTED POWER DIST UNI        5,450     4,814
 8/30/99   160 05 00   1550-000   s   INSIGHT DIRECT-MIXIMIZER 5.0                                                     864       792
10/31/99   235 03 00   1550-000   s   INSIGHT DIRECT-MS OFFICE 2000 PRO FUL/TAX                                     18,723    18,723
10/21/99   180 03 00   1550-000   s   INSIGHT DIRECT-MS OFFICE PROFESSIONAL 97/TAX/FREIGHT                           4,802     4,402
 5/27/99   120 05 00   1550-000   s   INSIGHT DIRECT-MS WINDOWS NT SERVER                                              667       578
  4/7/99    45 05 00   1550-000   l   INSIGHT DIRECT-TOTIAL VIRUS DEFENSE LICENSE                                    4,491     3,817
  6/9/99   145 05 00   1550-000   s   INSIGHT DIRECT-VISIO PROFESSIONAL V5.0 SINGLE                                    349       308
 5/27/99   127 05 00   1550-000   h   INSIGHT DIRECT-WIN NT SERVER V4.0 ENTERPRISE/COMPAQ PROLIANT STORAGE SYS       4,800     4,160
 6/15/99   148 05 00   1550-000   h   KENT DATACOMM-COMPUTER SUPPLIES                                                5,348     4,724
12/31/98    13 05 00   1550-000   s   LUNDEEN & ASSOCIATES-WEB CHAT SOFTWARE/WEB CROSSING/PLATINUM SERVER/WEB
                                       CROSSING                                                                     25,171    20,556
10/18/99   179 03 00   1550-000   s   LUNDEEN & ASSOCIATES-WEB CROSSING PRIORITY SUPPORT                             6,190     5,674
12/31/98     3 05 00   1550-000   s   PC CONNECTION-ADOBE PHOTOSHOP 5 MAC/ADOBE ILL 8 VRS UPGRADE MAC/PAINTER 5.5
                                       WEB                                                                           1,340     1,095
12/31/98     8 05 00   1550-000   s   PC CONNECTION-DIRECTOR MULTIMEDIA STUDIO 6.                                      936       764
12/31/98     5 05 00   1550-000   s   PC CONNECTION-EYE CANDY 3.0 WIN95/EYE CANDY 3.0 MAC/KPT VECTOR EFFECTS
                                       MAC/KEIS                                                                      2,630     2,148
12/31/98     4 05 00   1550-000   s   PC CONNECTION-FLASH 3.0 MAC/FLASH 3.0 WIN95/ADOBE PAGEMAKER 6.5
                                       MAC/QUARKXPRESS                                                               1,624     1,326
 9/30/99   188 05 00   1550-000   c   PROFESSIONAL ALTERNATIVE WEB DEVELOPMENT                                     203,624   190,049
  6/9/99   144 05 00   1550-000   s   REAL NETWORKS-STEAMING MEDIA SOFTWARE                                         15,695    13,864
11/29/99   202 03 00   1550-000   s   SOFTWARE                                                                         183       172
 9/30/99   189 05 00   1550-000   s   SOFTWARE FOR ACTION INTERACTIVE                                               22,000    20,533
 4/30/99    56 05 00   1550-000   s   SOFTWARE.COM-SERVICE PROVIDER/FREIGHT                                          3,001     2,551
                                      Cisco                                                                          1,979     1,979
                                      vignette                                                                       4,908     4,908
</TABLE>

Fixed Asset Schedules                 Page 2 of 3                   Non Interest
<PAGE>   11
<TABLE>
<S>        <C>         <C>       <C>  <C>                                                                         <C>       <C>
                                      Visio Professional                                                             1,720     1,672
                                                                                                                  --------  --------
                                                              Computer  Equipment                                  445,678   405,868
                                                                                                                  --------  --------
                                      GRAND TOTAL                                                                 $606,413  $449,576
                                                                                                                  ========  ========
</TABLE>

Fixed Asset Schedules             Page 3 of 3                   Non Interest

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00006-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00006-of-00352.parquet"}]]