Document:

Exhibit A

                                  CONCEPTUS, INC.

                                  1993 STOCK PLAN

                        (AMENDED AND RESTATED APRIL 27, 2000)

     1. PURPOSES OF THE PLAN. The purposes of this Stock Plan are to attract and
retain the best available personnel for positions of substantial responsibility,
to provide additional  incentive to Employees and Consultants of the Company and
its Subsidiaries and to promote the success of the Company's  business.  Options
granted under the Plan may be incentive  stock options (as defined under Section
422  of  the  Code)  or  non-statutory  stock  options,  as  determined  by  the
Administrator  at the time of grant of an option and  subject to the  applicable
provisions  of  Section  422  of the  Code,  as  amended,  and  the  regulations
promulgated  thereunder.  Stock  purchase  rights may also be granted  under the
Plan.

     2. DEFINITIONS. As used herein, the following definitions shall apply:

         (a) "ADMINISTRATOR"  means the Board or any of its Committees appointed
pursuant to Section 4 of the Plan.

         (b) "BOARD" means the Board of Directors of the Company.

         (c) "CODE" means the Internal Revenue Code of 1986, as amended.

         (d) "COMMITTEE" means the Committee appointed by the Board of Directors
in accordance with paragraph (a) of Section 4 of the Plan.

         (e) "COMMON STOCK" means the Common Stock of the Company.

         (f) "COMPANY" means Conceptus, Inc., a Delaware corporation.

         (g) "CONSULTANT" means any person, including an advisor, who is engaged
by the Company or any Parent or Subsidiary to render services and is compensated
for such services,  and any director of the Company whether compensated for such
services  or not  provided  that if and in the event the Company  registers  any
class of any equity  security  pursuant to the Exchange Act, the term Consultant
shall  thereafter  not  include  directors  who are not  compensated  for  their
services or are paid only a director's fee by the Company.

         (h)  "CONTINUOUS  STATUS  AS AN  EMPLOYEE"  means  the  absence  of any
interruption or termination of the employment relationship by the Company or any
Subsidiary. Continuous Status as an Employee shall not be considered interrupted
in the case of: (i) sick leave;  (ii) military  leave;  (iii) any other leave of
absence approved by the Administrator,  provided that such leave is for a period
of not more than ninety (90) days,  unless  reemployment  upon the expiration of
such leave is guaranteed by contract or statute,  or unless  provided  otherwise
pursuant to Company  policy  adopted  from time to time;  or (iv) in the case of
transfers  between  locations  of  the  Company  or  between  the  Company,  its
Subsidiaries or its successor.

         For  purposes  of this  Plan,  a change in status  from  Employee  to a

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Consultant  or  from  a  Consultant  to  an  Employee  will  not  constitute  an
interruption of Continuous Status as an Employee or Consultant.

         (i)  "EMPLOYEE"  means any person,  including  officers and  directors,
employed by the Company or any Parent or Subsidiary of the Company.  The payment
of a  director's  fee by the  Company  shall  not be  sufficient  to  constitute
"employment" by the Company.

         (j)  "EXCHANGE  ACT"  means the  Securities  Exchange  Act of 1934,  as
amended.

         (k) "FAIR  MARKET  VALUE"  means,  as of any date,  the value of Common
Stock determined as follows:

              (i) If the  Common  Stock  is  listed  on  any  established  stock
exchange or a national market system including  without  limitation the National
Market System of the National Association of Securities Dealers,  Inc. Automated
Quotation  ("NASDAQ")  System,  its Fair Market Value shall be the closing sales
price for such stock as quoted on such system on the date of  determination  (or
the closing bid, if no sales were reported, as quoted on such exchange or system
on that day) as reported in The Wall Street  Journal or such other source as the
Administrator deems reliable;

              (ii) If the Common  Stock is quoted on the NASDAQ  System (but not
on the  National  Market  System  thereof) or  regularly  quoted by a recognized
securities  dealer but selling  prices are not  reported,  its Fair Market Value
shall be the mean between the high bid and low asked prices for the Common Stock
or;

              (iii) In the  absence  of an  established  market  for the  Common
Stock,  the Fair Market Value  thereof  shall be determined in good faith by the
Administrator.

         (l) "INCENTIVE  STOCK OPTION" means an Option intended to qualify as an
incentive stock option within the meaning of Section 422 of the Code.

         (m) "NAMED EXECUTIVE" shall mean any individual who, on the last day of
the Company's fiscal year, is the chief executive  officer of the Company (or is
acting in such capacity) or among the four highest  compensated  officers of the
Company (other than the chief executive  officer).  Such officer status shall be
determined  pursuant to the executive  compensation  disclosure  rules under the
Exchange Act.

         (n) "NONSTATUTORY STOCK OPTION" means an Option not intended to qualify
as an Incentive Stock Option.

         (o)  "OFFICER"  means a person who is an officer of the Company  within
the meaning of Section 16 of the Exchange Act.

         (p) "OPTION" means a stock option granted pursuant to the Plan.

         (q)  "OPTIONED  STOCK" means the Common Stock subject to an Option or a
Stock Purchase Right.

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         (r)  "OPTIONEE"  means an Employee or Consultant who receives an Option
or Stock Purchase Right.

         (s)  "PARENT"  means a "parent  corporation",  whether now or hereafter
existing, as defined in Section 424(e) of the Code.

         (t) "PLAN" means this 1993 Stock Plan.

         (u) "RESTRICTED  STOCK" means shares of Common Stock acquired  pursuant
to a grant of a Stock Purchase Right under Section 11 below.

         (v) "RULE 16b-3" means Rule 16b-3 promulgated under the Exchange Act as
the same may be amended from time to time, or any successor provision.

         (w)  "SHARE"  means  a  share  of the  Common  Stock,  as  adjusted  in
accordance with Section 13 below.

         (x) "STOCK  PURCHASE  RIGHT"  means the right to purchase  Common Stock
pursuant to Section 11 below.

         (y)  "SUBSIDIARY"  means a  "subsidiary  corporation",  whether  now or
hereafter existing, as defined in Section 424(f) of the Code.

     3. STOCK  SUBJECT TO THE PLAN.  Subject to the  provisions of Section 13 of
the Plan, the maximum  aggregate number of shares which may be optioned and sold
under  the  Plan  is  3,075,000  shares  of  Common  Stock.  The  shares  may be
authorized, but unissued, or reacquired Common Stock.

         If an  Option  should  expire or become  unexercisable  for any  reason
without having been exercised in full, the unpurchased Shares which were subject
thereto shall, unless the Plan shall have been terminated,  become available for
future grant under the Plan.

     4. ADMINISTRATION OF THE PLAN.

         (a) COMPOSITION OF ADMINISTRATOR.

              (i) MULTIPLE  ADMINISTRATIVE  BODIES.  If permitted by Rule 16b-3,
and by the legal requirements  relating to the administration of incentive stock
option plans, if any, of applicable  securities laws and the Code (collectively,
the  "APPLICABLE  LAWS"),  grants  under  the Plan may (but need not) be made by
different administrative bodies with respect to Directors,  Officers who are not
directors and Employees who are neither Directors nor Officers.

              (ii) ADMINISTRATION  WITH RESPECT TO DIRECTORS AND OFFICERS.  With
respect to grants of Options or Stock Purchase  Rights to Employees who are also
officers or directors of the Company,  the Plan shall be administered by (A) the
Board if the Board may  administer  the Plan in  compliance  with Rule 16b-3 and
Section  162(m) of the Code as it applies so as to qualify  grants of Options or
Stock Purchase Rights to Named Executives as performance-based  compensation, or
(B) a Committee  designated  by the Board to make grants  under the Plan,  which
Committee  shall be  constituted  in such a manner as to permit grants under the
Plan to comply with Rule 16b-3 to qualify  grants of Options

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and Stock  Purchase Rights as

performance-based  compensation  under  Section 162(m) of the Code and otherwise
so as to satisfy the Applicable Laws.

              (iii)   ADMINISTRATION  WITH  RESPECT  TO  CONSULTANTS  AND  OTHER
EMPLOYEES.  With  respect  to  grants of  Options  or Stock  Purchase  Rights to
Employees or Consultants who are neither  directors nor officers of the Company,
the Plan shall be administered by (A) the Board or (B) a Committee designated by
the Board,  which  Committee shall be constituted in such a manner as to satisfy
the Applicable Laws.

              (iv)  GENERAL.  If a  Committee  has been  appointed  pursuant  to
subsection  (ii) or (iii) of this Section 4(a), such Committee shall continue to
serve in its designated  capacity until  otherwise  directed by the Board.  From
time to time the  Board  may  increase  the size of any  Committee  and  appoint
additional  members thereof,  remove members (with or without cause) and appoint
new members in substitution therefor, fill vacancies (however caused) and remove
all members of a Committee and thereafter  directly  administer the Plan, all to
the extent  permitted  by the  Applicable  Laws and,  in the case of a Committee
appointed under subsection (ii) to the extent permitted by Rule 16b-3 and to the
extent required under Section 162(m) of the Code to qualify grants of Options or
Stock Purchase Rights to Named Executives as performance-based compensation.

         (b) POWERS OF THE ADMINISTRATOR.  Subject to the provisions of the Plan
and in the case of a Committee,  the specific  duties  delegated by the Board to
such  Committee,  and  subject  to the  approval  of any  relevant  authorities,
including the approval, if required, of any stock exchange upon which the Common
Stock is listed, the Administrator shall have the authority, in its discretion:

              (i) to  determine  the Fair Market Value of the Common  Stock,  in
accordance with Section 2(k) of the Plan;

              (ii) to select the  Consultants  and Employees to whom Options and
Stock Purchase Rights may from time to time be granted hereunder;

              (iii) to  determine  whether and to what extent  Options and Stock
Purchase Rights or any combination thereof are granted hereunder;

              (iv) to  determine  the  number of  shares  of Common  Stock to be
covered by each such award granted hereunder;

              (v) to approve forms of agreement for use under the Plan;

              (vi) to determine the terms and conditions,  not inconsistent with
the terms of the Plan, of any award granted hereunder;

              (vii) to determine whether and under what  circumstances an Option
may be settled in cash under subsection 9(f) instead of Common Stock;

              (viii)  to reduce  the  exercise  price of any  Option to the then
current Fair Market  Value if the Fair Market Value of the Common Stock

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covered  by such Option  shall have  declined  since  the date  the  Option  was
granted; and

              (ix) to determine the terms and  restrictions  applicable to Stock
Purchase  Rights and the  Restricted  Stock  purchased by exercising  such Stock
Purchase Rights.

         (c) EFFECT OF ADMINISTRATOR'S  DECISION. All decisions,  determinations
and  interpretations  of the  Administrator  shall be final and  binding  on all
Optionees and any other holders of any Options or Stock Purchase Rights.

     5. ELIGIBILITY.

         (a) Nonstatutory Stock Options and Stock Purchase Rights may be granted
to Employees  and  Consultants.  Incentive  Stock Options may be granted only to
Employees.  An Employee or  Consultant  who has been  granted an Option or Stock
Purchase Right may, if he is otherwise  eligible,  be granted additional Options
or Stock Purchase Rights.

         (b) Each Option shall be designated in the written option  agreement as
either an  Incentive  Stock  Option or a  Nonstatutory  Stock  Option.  However,
notwithstanding such designations,  to the extent that the aggregate Fair Market
Value of the Shares with respect to which Options  designated as Incentive Stock
Options are  exercisable  for the first time by any Optionee during any calendar
year  (under  all plans of the  Company  or any  Parent or  Subsidiary)  exceeds
$100,000, such excess Options shall be treated as Nonstatutory Stock Options.

         (c) For purposes of Section  5(b),  Incentive  Stock  Options  shall be
taken into account in the order in which they were granted,  and the Fair Market
Value of the Shares shall be  determined  as of the time the Option with respect
to such Shares is granted.

         (d) The Plan shall not confer upon any  Optionee any right with respect
to continuation of employment or consulting  relationship with the Company,  nor
shall it  interfere in any way with his or her right or the  Company's  right to
terminate his or her employment or consulting  relationship at any time, with or
without cause.

     6. TERM OF PLAN. The Plan shall become  effective upon the earlier to occur
of its adoption by the Board of Directors or its approval by the shareholders of
the Company as described in Section 19 of the Plan. It shall  continue in effect
for a term of ten (10) years unless  sooner  terminated  under Section 15 of the
Plan.

     7. TERM OF OPTION.  The term of each Option shall be the term stated in the
Option  Agreement;  provided,  however,  that the term shall be no more than ten
(10) years from the date of grant thereof.  However, in the case of an Incentive
Stock Option granted to an Optionee who, at the time the Option is granted, owns
stock  representing  more  than ten  percent  (10%) of the  voting  power of all
classes of stock of the  Company or any  Parent or  Subsidiary,  the term of the
Option  shall be five (5) years from the date of grant  thereof or such  shorter
term as may be provided in the Option Agreement.

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     8. LIMITATION ON GRANTS TO EMPLOYEES.  Subject to adjustment as provided in
this Plan, the maximum number of Shares which may be subject to options  granted
to any one Employee  under this Plan for any fiscal year of the Company shall be
800,000.

     9. OPTION EXERCISE PRICE AND CONSIDERATION.

         (a) The per share exercise  price for the Shares to be issued  pursuant
to exercise of an Option shall be such price as is determined by the Board,  but
shall be subject to the following:

              (i) In the case of an Incentive Stock Option.

                   (A) granted to an  Employee  who, at the time of the grant of
such Incentive Stock Option, owns stock representing more than ten percent (10%)
of the  voting  power of all  classes  of stock of the  Company,  the per  Share
exercise  price shall be no less than 110% of the Fair Market Value per Share on
the date of grant.

                   (B) granted to any  Employee,  the per Share  exercise  price
shall be no less  than  100% of the Fair  Market  Value per Share on the date of
grant.

              (ii) In the case of a Nonstatutory Stock Option

                   (A) granted to a person who, at the time of the grant of such
Option, is a Named Executive of the Company,  the per Share exercise price shall
be no less  than  100% of the Fair  Market  Value  per  Share on the date of the
grant.

                   (B) granted to any person other than a Named  Executive,  the
per Share  exercise price shall be no less than 85% of the Fair Market Value per
Share on the date of grant.

         (b) The  consideration  to be paid for the  Shares  to be  issued  upon
exercise of an Option,  including the method of payment,  shall be determined by
the  Administrator  (and,  in the case of an Incentive  Stock  Option,  shall be
determined  at the time of grant)  and may  consist  entirely  of (1) cash,  (2)
check,  (3)  promissory  note,  (4) other Shares which (x) in the case of Shares
acquired  upon  exercise of an Option either have been owned by the Optionee for
more than six months on the date of surrender or were not acquired,  directly or
indirectly,  from the  Company,  and (y) have a Fair Market Value on the date of
surrender  equal to the aggregate  exercise price of the Shares as to which said
Option shall be exercised, (5) authorization from the Company to retain from the
total number of Shares as to which the Option is exercised that number of Shares
having a Fair Market Value on the date of exercise  equal to the exercise  price
for the total number of Shares as to which the Option is exercised, (6) delivery
of a properly executed exercise notice together with such other documentation as
the  Administrator  and the broker,  if  applicable,  shall require to effect an
exercise of the Option and delivery to the Company of the sale or loan  proceeds
required  to  pay  the  exercise   price,   (7)  by  delivering  an  irrevocable
subscription  agreement  for the Shares which  irrevocably  obligates the option
holder to take and pay for the Shares

<PAGE>

not more than  twelve  months  after the date of  delivery  of the  subscription
agreement,  (8) any combination of the foregoing methods of payment, (9) or such
other  consideration  and method of payment  for the  issuance  of Shares to the
extent permitted under  Applicable  Laws. In making its  determination as to the
type of consideration to accept,  the Board shall consider if acceptance of such
consideration may be reasonably expected to benefit the Company.

     10. Exercise of Option.

         (a) PROCEDURE FOR EXERCISE; RIGHTS AS A SHAREHOLDER. Any Option granted
hereunder  shall be  exercisable  at such  times and under  such  conditions  as
determined  by the Board,  including  performance  criteria  with respect to the
Company and/or the Optionee,  and as shall be permissible under the terms of the
Plan.

              An Option may not be exercised for a fraction of a Share.

              An Option shall be deemed to be exercised  when written  notice of
such exercise has been given to the Company in accordance  with the terms of the
Option by the person  entitled to exercise  the Option and full  payment for the
Shares with  respect to which the Option is exercised  has been  received by the
Company.  Full  payment  may,  as  authorized  by  the  Board,  consist  of  any
consideration  and method of payment  allowable  under Section 9(b) of the Plan.
Until the issuance (as  evidenced by the  appropriate  entry on the books of the
Company or of a duly  authorized  transfer  agent of the  Company)  of the stock
certificate evidencing such Shares, no right to vote or receive dividends or any
other rights as a  shareholder  shall exist with respect to the Optioned  Stock,
notwithstanding the exercise of the Option. The Company shall issue (or cause to
be issued)  such stock  certificate  promptly  upon  exercise of the Option.  No
adjustment  will be made for a dividend or other right for which the record date
is prior to the date the stock  certificate  is issued,  except as  provided  in
Section 14 of the Plan.

              Exercise of an Option in any manner  shall result in a decrease in
the number of Shares which thereafter may be available, both for purposes of the
Plan and for sale  under  the  Option,  by the  number of Shares as to which the
Option is exercised.

         (b)  TERMINATION  OF  EMPLOYMENT.  In the  event of  termination  of an
Optionee's consulting  relationship or Continuous Status as an Employee with the
Company, such Optionee may, but only within such period of time as is determined
by the Board,  with such  determination in the case of an Incentive Stock Option
being made at the time of grant of the Option and not exceeding three (3) months
after the date of such  termination  (but in no event later than the  expiration
date of the term of such Option as set forth in the Option Agreement),  exercise
his Option to the extent that  Optionee  was entitled to exercise it at the date
of such  termination.  To the extent that  Optionee was not entitled to exercise
the Option at the date of such  termination,  or if Optionee  does not  exercise
such  Option to the extent so entitled  within the time  specified  herein,  the
Option shall terminate.

         (c) DISABILITY OF OPTIONEE.

              (i) Notwithstanding the provisions of Section 10(b) above, in

<PAGE>

the event of termination of an Optionee's consulting  relationship or Continuous
Status as an Employee as a result of his or her total and  permanent  disability
(within the meaning of Section  22(e)(3) of the Code),  Optionee  may,  but only
within  twelve (12) months  from the date of such  termination  (but in no event
later than the  expiration  date of the term of such  Option as set forth in the
Option  Agreement),  exercise  the Option to the extent  otherwise  entitled  to
exercise it at the date of such termination. To the extent that Optionee was not
entitled to exercise the Option at the date of termination,  or if Optionee does
not  exercise  such Option to the extent so entitled  within the time  specified
herein, the Option shall terminate.

              (ii) In the  event  of  termination  of an  Optionee's  consulting
relationship  or  Continuous  Status as an Employee as a result of a  disability
which does not fall within the meaning of total and permanent disability (as set
forth in Section  22(e)(3) of the Code),  Optionee  may, but only within six (6)
months  from  the  date of such  termination  (but in no  event  later  than the
expiration  date  of the  term  of  such  Option  as  set  forth  in the  Option
Agreement),  exercise the Option to the extent otherwise entitled to exercise it
at the date of such termination. However, to the extent that such Optionee fails
to exercise an Option which is an Incentive  Stock  Option  ("ISO")  (within the
meaning  of  Section  422 of the Code)  within  three (3)  months of the date of
termination,  the Option will not qualify for ISO  treatment  under the Code. To
the extent that  Optionee was not entitled to exercise the Option at the date of
termination,  or if  Optionee  does not  exercise  such  Option to the extent so
entitled  within six months (6) from the date of  termination,  the Option shall
terminate.

         (d) DEATH OF OPTIONEE.  In the event of the death of an  Optionee,  the
Option may be  exercised,  at any time within  twelve (12) months  following the
date of death  (but in no event  later than the  expiration  date of the term of
such Option as set forth in the Option  Agreement),  by the Optionee's estate or
by a person  who  acquired  the  right to  exercise  the  Option by  bequest  or
inheritance,  but only to the extent the  Optionee  was entitled to exercise the
Option at the date of death.  To the extent that  Optionee  was not  entitled to
exercise the Option at the date of termination, or if Optionee does not exercise
such  Option to the extent so entitled  within the time  specified  herein,  the
Option shall terminate.

         (e) RULE 16b-3.  Options granted to persons subject to Section 16(b) of
the Exchange Act must comply with Rule 16b-3 and shall  contain such  additional
conditions  or  restrictions  as may be required  thereunder  to qualify for the
maximum  exemption  from  Section 16 of the  Exchange  Act with  respect to Plan
transactions.

         (f) BUYOUT  PROVISIONS.  The Administrator may at any time offer to buy
out for a payment in cash or Shares, an Option previously granted, based on such
terms and conditions as the Administrator shall establish and communicate to the
Optionee at the time that such offer is made.

     11.  NON-TRANSFERABILITY  OF OPTIONS.  The Option may not be sold, pledged,
assigned, hypothecated,  transferred, or disposed of in any manner other than by
will or by the laws of descent or distribution and may be exercised,  during the
lifetime of the Optionee, only by the Optionee.

<PAGE>

     12. STOCK PURCHASE RIGHTS.

         (a) RIGHTS TO  PURCHASE.  Stock  Purchase  Rights may be issued  either
alone,  in addition  to, or in tandem with other awards  granted  under the Plan
and/or cash awards made outside of the Plan. After the Administrator  determines
that it will offer Stock  Purchase  Rights  under the Plan,  it shall advise the
offeree  in writing of the terms,  conditions  and  restrictions  related to the
offer,  including  the number of Shares  that such  person  shall be entitled to
purchase,  the price to be paid  (which  price shall not be less than 85% of the
Fair  Market  Value of the  Shares  as of the date of the  offer),  and the time
within which such person must accept such offer,  which shall in no event exceed
thirty  (30)  days  from  the  date  upon  which  the  Administrator   made  the
determination  to grant the Stock Purchase Right. The offer shall be accepted by
execution of a Restricted Stock purchase agreement in the form determined by the
Administrator.  Shares purchased pursuant to the grant of a Stock Purchase Right
shall be referred to herein as "Restricted Stock."

         (b) REPURCHASE OPTION.  Unless the Administrator  determines otherwise,
the  Restricted  Stock purchase  agreement  shall grant the Company a repurchase
option  exercisable  upon  the  voluntary  or  involuntary  termination  of  the
purchaser's  employment  with the  Company  for any reason  (including  death or
Disability).   The  purchase  price  for  Shares  repurchased  pursuant  to  the
Restricted  Stock  purchase  agreement  shall be the original  price paid by the
purchaser and may be paid by cancellation  of any  indebtedness of the purchaser
to  the  Company.  The  repurchase  option  shall  lapse  at  such  rate  as the
Administrator may determine, but at a minimum rate of 20% per year.

         (c) OTHER  PROVISIONS.  The Restricted  Stock purchase  agreement shall
contain such other terms,  provisions and conditions not  inconsistent  with the
Plan as may be  determined  by the  Administrator  in its  sole  discretion.  In
addition, the provisions of Restricted Stock purchase agreements need not be the
same with respect to each purchaser.

         (d)  RIGHTS  AS  A  SHAREHOLDER.  Once  the  Stock  Purchase  Right  is
exercised,  the  purchaser  shall  have  the  rights  equivalent  to  those of a
shareholder, and shall be a shareholder when his or her purchase is entered upon
the records of the duly authorized  transfer agent of the Company. No adjustment
will be made for a dividend or other right for which the record date is prior to
the date the Stock Purchase Right is exercised, except as provided in Section 14
of the Plan.

     13.  STOCK  WITHHOLDING  TO SATISFY  WITHHOLDING  TAX  OBLIGATIONS.  At the
discretion of the Administrator,  Optionees may satisfy withholding  obligations
as  provided  in this  paragraph.  When an  Optionee  incurs  tax  liability  in
connection  with an Option or Stock  Purchase  Right,  which  tax  liability  is
subject to tax  withholding  under  applicable  tax laws,  and the  Optionee  is
obligated to pay the Company an amount required to be withheld under  applicable
tax laws, the Optionee may satisfy the withholding tax obligation by electing to
have the  Company  withhold  from the Shares to be issued  upon  exercise of the
Option,  or the Shares to be issued in connection with the Stock Purchase Right,
if any,  that number of Shares  having a Fair  Market  Value equal to the amount
required  to be  withheld.  The Fair  Market  Value of the Shares to be withheld
shall be  determined  on the date that the amount of tax to be withheld is to be
determined (the "Tax Date").

<PAGE>

         All  elections by an Optionee to have Shares  withheld for this purpose
shall be made in writing in a form acceptable to the  Administrator and shall be
subject to the following restrictions:

         (a) the election must be made on or prior to the applicable Tax Date;

         (b) once made,  the election  shall be irrevocable as to the particular
Shares of the Option or Stock  Purchase  Right as to which the election is made;
and

         (c) all elections shall be subject to the consent or disapproval of the
Administrator.

         In the  event  the  election  to  have  Shares  withheld  is made by an
Optionee  and the Tax Date is deferred  under  Section 83 of the Code because no
election is filed under  Section 83(b) of the Code,  the Optionee  shall receive
the full  number of Shares  with  respect to which the Option or Stock  Purchase
Right is  exercised  but such  Optionee  shall be  unconditionally  obligated to
tender back to the Company the proper number of Shares on the Tax Date.

     14. ADJUSTMENTS UPON CHANGES IN CAPITALIZATION OR MERGER.

         (a) CHANGES IN  CAPITALIZATION.  Subject to any required  action by the
shareholders  of the Company,  the number of shares of Common  Stock  covered by
each  outstanding  Option or Stock Purchase  Right,  and the number of shares of
Common Stock which have been  authorized  for issuance  under the Plan but as to
which no Options or Stock  Purchase  Rights have yet been  granted or which have
been returned to the Plan upon  cancellation or expiration of an Option or Stock
Purchase  Right,  the maximum number of shares of Common Stock for which options
may be granted to any employee under Section 8 of the Plan, as well as the price
per share of Common  Stock  covered  by each  such  outstanding  Option or Stock
Purchase Right, shall be  proportionately  adjusted for any increase or decrease
in the number of issued  shares of Common  Stock  resulting  from a stock split,
reverse stock split,  stock  dividend,  combination or  reclassification  of the
Common Stock,  or any other  increase or decrease in the number of issued shares
of Common  Stock  effected  without  receipt of  consideration  by the  Company;
provided,  however, that conversion of any convertible securities of the Company
shall not be deemed to have been "effected  without  receipt of  consideration."
Such adjustment shall be made by the Board, whose  determination in that respect
shall be final, binding and conclusive.  Except as expressly provided herein, no
issuance  by the  Company  of  shares  of  stock  of any  class,  or  securities
convertible into shares of stock of any class,  shall affect,  and no adjustment
by reason  thereof  shall be made with respect to, the number or price of shares
of Common Stock subject to an Option or Stock Purchase Right.

         (b)  DISSOLUTION  OR   LIQUIDATION.   In  the  event  of  the  proposed
dissolution or  liquidation of the Company,  the Board shall notify the Optionee
at least fifteen (15) days prior to such proposed  action.  To the extent it has
not been previously exercised, the Option or Stock Purchase Right will terminate
immediately prior to the consummation of such proposed action.

<PAGE>

         (c) MERGER OR SALE OF ASSETS.  In the event of a merger of the  Company
with or into another  corporation or the sale of all or substantially all of the
assets of the Company, the Option or Stock Purchase Right shall be assumed or an
equivalent option or right shall be substituted by such successor corporation or
a parent or subsidiary of such successor corporation. In the event the Option or
Stock  Purchase  Right is not  assumed or  substituted,  the  Optionee  or Stock
Purchase  Right  holder  shall  have the right to  exercise  the Option or Stock
Purchase  Right as to all of the Optioned Stock or Restricted  Stock,  including
Shares as to which  the  Option  would not  otherwise  be  exercisable,  and any
Restricted  Stock  held by a  purchaser  shall be  released  from the  Company's
repurchase option.

     15. TIME OF GRANTING OPTIONS AND STOCK PURCHASE  RIGHTS.  The date of grant
of an Option or Stock  Purchase  Right shall,  for all purposes,  be the date on
which the Administrator  makes the  determination  granting such Option or Stock
Purchase Right, or such other date as is determined by the Board.  Notice of the
determination shall be given to each Employee or Consultant to whom an Option or
Stock Purchase  Right is so granted  within a reasonable  time after the date of
such grant.

     16. AMENDMENT AND TERMINATION OF THE PLAN.

         (a) AMENDMENT AND TERMINATION.  The Board may at any time amend, alter,
suspend or  discontinue  the Plan, but no amendment,  alteration,  suspension or
discontinuation  shall be made which  would  impair  the rights of any  Optionee
under any grant theretofore made,  without his or her consent.  In addition,  to
the extent  necessary and desirable to comply with Rule 16b-3 under the Exchange
Act or with Section  162(m) and 422 of the Code (or any other  applicable law or
regulation,  including  the  requirements  of the NASD or an  established  stock
exchange),  the Company shall obtain shareholder  approval of any Plan amendment
in such a manner and to such a degree as required.

         (b)  EFFECT  OF  AMENDMENT  OR  TERMINATION.   Any  such  amendment  or
termination  of the Plan  shall not  affect  Options  already  granted  and such
Options  shall  remain  in full  force  and  effect as if this Plan had not been
amended or terminated, unless mutually agreed otherwise between the Optionee and
the Board, which agreement must be in writing and signed by the Optionee and the
Company.

     17. CONDITIONS UPON ISSUANCE OF SHARES. Shares shall not be issued pursuant
to the exercise of an Option unless the exercise of such Option and the issuance
and  delivery of such Shares  pursuant  thereto  shall  comply with all relevant
provisions of law, including, without limitation, the Securities Act of 1933, as
amended, the Exchange Act, the rules and regulations promulgated thereunder, and
the requirements of any stock exchange upon which the Shares may then be listed,
and shall be further  subject to the  approval of counsel  for the Company  with
respect to such compliance.

         As a condition  to the  exercise of an Option,  the Company may require
the person  exercising  such Option to represent  and warrant at the time of any
such  exercise  that the  Shares are being  purchased  only for  investment  and
without  any  present  intention  to sell or  distribute  such Shares if, in the
opinion of counsel for the Company,  such a representation is required by any of
the aforementioned relevant provisions of law.

<PAGE>

     18. RESERVATION OF SHARES. The Company,  during the term of this Plan, will
at all  times  reserve  and keep  available  such  number  of Shares as shall be
sufficient to satisfy the requirements of the Plan.

         The inability of the Company to obtain  authority  from any  regulatory
body having jurisdiction,  which authority is deemed by the Company's counsel to
be necessary  to the lawful  issuance  and sale of any Shares  hereunder,  shall
relieve the Company of any  liability in respect of the failure to issue or sell
such Shares as to which such requisite authority shall not have been obtained.

     19.  AGREEMENTS.  Options and Stock  Purchase  Rights shall be evidenced by
written agreements in such form as the Board shall approve from time to time.

     20.  SHAREHOLDER  APPROVAL.  Continuance  of the Plan  shall be  subject to
approval by the  shareholders of the Company within twelve (12) months before or
after the date the Plan is adopted.  Such shareholder approval shall be obtained
in the degree and manner required under applicable state and federal law and the
rules of any stock exchange upon which the Common Stock is listed.

     21. INFORMATION TO OPTIONEES AND PURCHASERS.  The Company shall provide, to
each Optionee and to each  individual who acquired  Shares pursuant to the Plan,
during the period such  Optionee or  purchaser  has one or more Options or Stock
Purchase  Rights  outstanding,  and, in the case of an  individual  who acquired
Shares pursuant to the Plan, during the period such individual owns such Shares,
copies of all annual reports.  The Company shall not be required to provide such
information if the issuance of Options or Stock  Purchase  Rights under the Plan
is limited to key employees  whose duties in connection  with the Company assure
their access to equivalent information.THE SECURITIES TO WHICH THIS AGREEMENT RELATES HAVE NOT BEEN REGISTERED
         UNDER THE SECURITIES  ACT OF 1933, AS AMENDED  ("SECURITIES  ACT"),  OR
         UNDER ANY STATE  SECURITIES  LAWS  ("BLUE  SKY  LAWS"),  AND MAY NOT BE
         OFFERED OR SOLD WITHOUT  REGISTRATION  UNDER THE SECURITIES ACT, AND AS
         REQUIRED  BY BLUE SKY LAWS IN  EFFECT  AS TO SUCH  TRANSFER,  UNLESS AN
         EXEMPTION  FROM  SUCH  REGISTRATION  UNDER  STATE  AND  FEDERAL  LAW IS
         AVAILABLE.

                            STOCK PURCHASE AGREEMENT

         THIS STOCK  PURCHASE  AGREEMENT  is dated  effective  as of January 20,
2000,  by and between  U.S.  Electricar,  Inc., a  California  corporation  (the
"Corporation")  and the investor  whose name is set forth on the signature  page
attached hereto (the "Investor").

                                    RECITALS

         A. The  Investor  desires to  purchase  from the  Corporation,  and the
Corporation  desires  to sell to the  Investor,  Common  Stock on the  terms and
conditions hereinafter set forth.

                                    AGREEMENT

         NOW, THEREFORE,  in consideration of the mutual agreements,  covenants,
representations and warranties  contained in this Agreement,  the parties hereby
agree as follows:

         1.   Issuance of Securities, Payment and Delivery.

                  a. Sale of Securities.  Subject to the terms and conditions of
         this Agreement,  the Investor agrees to purchase on, or before the date
         set forth on Schedule 1 to the signature  page attached  hereto,  or on
         such later date as is agreed  upon in writing by the  Investor  and the
         Corporation (the "Closing") and the Company agrees to sell and issue to
         the Investor  that number of shares of the  Corporation's  Common Stock
         set forth on Schedule 1 (the "Shares") at Thirty Cents per share for an
         aggregate  purchase  price as set forth on  Schedule  1 (the  "Purchase
         Price").

                  b.  Payment and  Delivery.  The  Investor  shall  purchase the
         Shares by making payment to U.S. Electricar,  Inc. in cash, by cashiers
         check or wire transfer of funds, in immediately  available U.S. Dollars
         funds.

         2.   Deliveries at Closing.  At the Closing or thereafter as indicated:

                  a.  The  Corporation  and the  Investor  will  at the  Closing
         deliver an executed counterpart of this Stock Purchase Agreement;

                  b. The Investor  will provide the  Corporation  at the Closing
         with payment in immediately  available funds of the aggregate amount of
         the Purchase Price;

                  c. The Corporation will deliver within three (3) business days
         after the Closing a share certificate evidencing the Shares in the name
         of the Investor;

                  d. The  Corporation  will deliver one or more  certificates of
         good standing to the Investor  evidencing  that the  Corporation  is in
         good  standing in each  jurisdiction  in which it does  business,  owns
         property or has employees;

                  e. The  Corporation  will  deliver  an  officer's  certificate
         providing that its  representations  and  warranties  contained in this
         Agreement are true and correct as of the Closing

<PAGE>

                  f. The Investor will deliver a certificate  providing that its
         representations and warranties contained in this Agreement are true and
         correct as of the Closing; and

                  g. The  Corporation  will deliver a copy of its most  recently
         prepared unaudited financial statements (the "Financial Statements").

         3.   Corporation's  Representations and Warranties. Except as set forth
         on Disclosure  Schedule 3 attached  hereto and  incorporated  herein by
         reference,  the  Corporation  hereby  represents  and  warrants  to the
         Investor that as of the Closing:

                  a. Corporate  Organization and Standing.  The Corporation is a
         corporation duly organized, validly existing and in good standing under
         the laws of the State of California.  The Corporation has the requisite
         corporate power to carry on its business as presently conducted, and as
         proposed or  contemplated  to be conducted in the future,  and to enter
         into  and  carry  out  the   provisions  of  this   Agreement  and  the
         transactions contemplated under this Agreement .

                  b.  Authorization.  All  corporate  action  on the part of the
         Corporation,   its  directors  and   shareholders   necessary  for  the
         authorization, execution, delivery and performance of this Agreement by
         the  Corporation  and  the  performance  of all  of  the  Corporation's
         obligations hereunder has been taken. This Agreement, when executed and
         delivered  by the  Corporation,  shall  constitute  a valid and binding
         obligation  of the  Corporation,  enforceable  in  accordance  with its
         terms,  except as may be limited by  principles of public  policy,  and
         subject  to  laws  of  general  application   relating  to  bankruptcy,
         insolvency  and the  relief  of  debtors  and  rules  of law  governing
         specific  performance,  injunctive relief or other equitable  remedies.
         The  Shares,  when issued in  compliance  with the  provisions  of this
         Agreement, will be validly issued, fully paid and nonassessable.

                  c.  No  Breach.  The  issue  and  sale  of the  Shares  by the
         Corporation  does not and will not conflict  with and does not and will
         not  result  in a  breach  of  any of the  terms  of the  Corporation's
         incorporating  documents or any  agreement or  instrument  to which the
         Corporation  is a  party.  The  consummation  of  the  transactions  or
         performance of the obligations  contemplated by this Agreement will not
         result in a breach of any term of, or constitute a default  under,  any
         statute, indenture, mortgage, or other agreement or instrument to which
         the  Corporation  or any of its  subsidiaries  is or are a party  or by
         which any of them is or are bound.

                  d. Pending or Threatened  Claims.  Neither the Corporation nor
         any of its  subsidiaries  is a party to any action,  suit or proceeding
         which could materially affect its business or financial condition,  and
         no such actions,  suits or proceedings  are  contemplated  or have been
         threatened.

                  e. No Preemptive Rights. There are no preemptive rights of any
         shareholder of the Corporation with respect to the Shares.

         4.   Investor  Representations and Warranties.  The Investor represents
         and warrants to the Corporation that:

                  a.   Account.   The  Investor  is  acquiring  the  Shares  for
         investment  for its own account,  and not with a view to, or for resale
         in connection  with, any  distribution  thereof,  and it has no present
         intention of selling or  distributing  any of the Shares.  The Investor
         understands  that  the  Shares  have  not  been  registered  under  the
         Securities Act of 1933, as amended (the "Securities  Act") by reason of
         a specific exemption from the registration provisions of the Securities
         Act which depends upon, among other things, the bona fide nature of the
         investment as expressed herein.

                  b. Access to Data.  The  Investor  has had an  opportunity  to
         discuss the  Corporation's  business,  management and financial affairs
         with its management and to obtain any additional  information which the
         Investor has deemed  necessary or appropriate  for deciding  whether or
         not to purchase the Securities,  and has had an opportunity to receive,
         review and understand the  disclosures  and  information

<PAGE>

         regarding the Corporation's  financial  statements,  capitalization and
         other business  information as set forth in Corporation's  filings with
         the Securities and Exchange  Commission  (the "SEC Filings")  which are
         all  incorporated  herein  by  reference,  together  with all  exhibits
         referenced therein.  Investor understands that the Financial Statements
         and any other  information  obtained from the Corporation  that has not
         been disclosed in the  Corporation's  SEC Filings are  confidential and
         may not be  disclosed  to any third party or used by the  Investor  for
         purposes of trading in the  Corporation's  publicly  traded stock until
         such information is publicly released by the Corporation.  The Investor
         acknowledges  that no  other  representations  or  warranties,  oral or
         written,  have been made by the Corporation or any agent thereof except
         as set forth in this Agreement.

                  c. No Fairness  Determination.  The  Investor is aware that no
         federal, state or other agency has made any finding or determination as
         to the  fairness  of the  investment,  nor made any  recommendation  or
         endorsement of the Shares.

                  d. Knowledge And  Experience.  The Investor has such knowledge
         and experience in financial and business matters, including investments
         in other  start-up  companies,  that it is  capable of  evaluating  the
         merits and risks of the  investment  in the  Shares,  and it is able to
         bear the economic  risk of such  investment.  Further,  the  individual
         executing this Agreement has such knowledge and experience in financial
         and business  matters that he is capable of utilizing  the  information
         made available to him in connection with the offering of the Shares, of
         evaluating  the merits and risks of an  investment in the Shares and of
         making an  informed  investment  decision  with  respect to the Shares,
         including assessment of the Risk Factors set forth in the Corporation's
         EDGAR filings with the SEC and incorporated herein by reference.

                  e. Limited Public Market.  The Investor is aware that there is
         currently  a very  limited  "over-the-counter"  public  market  for the
         Corporation's  registered  securities and that the Corporation became a
         "reporting  issuer"  under  the  Securities  Exchange  Act of 1934,  as
         amended,  on  January  27,  1995.  There  is no  guarantee  that a more
         established  public market will develop at any time in the future.  The
         Investor  understands  that the Shares are all unregistered and may not
         presently  be sold in even this  limited  public  market.  The Investor
         understands  that the Shares  cannot be readily sold or  liquidated  in
         case  of an  emergency  or  other  financial  need.  The  Investor  has
         sufficient  liquid assets available so that the purchase and holding of
         the Shares will not cause it undue financial difficulties.

                  f. Authority. If Investor is a corporation, partnership, trust
         or estate:  (i) the individual  executing and delivering this Agreement
         on  behalf  of the  Investor  has  been  duly  authorized  and is  duly
         qualified to execute and deliver  this  Agreement on behalf of Investor
         in connection with the purchase of the Shares and (ii) the signature of
         such individual is binding upon Investor.

                  g.  Investment  Experience.  The  Investor  is an  "accredited
         investor" as that term is defined in  Regulation D  promulgated  by the
         Securities  and Exchange  Commission.  The term  "Accredited  Investor"
         under Regulation D refers to:

                           (i) A person or entity who is a director or executive
         officer of the Corporation;

                           (ii) Any bank as defined  in  Section  3(a)(2) of the
         Securities   Act,  or  any  savings  and  loan   association  or  other
         institution  as defined in Section  3(a)(5)(A)  of the  Securities  Act
         whether acting in its individual or fiduciary  capacity;  any broker or
         dealer registered pursuant to Section 15 of the Exchange Act; insurance
         Corporation  as  defined  in  Section  2(13)  of  the  Securities  Act;
         investment  Corporation registered under the Investment Corporation Act
         of 1940; or a business  development  Corporation  as defined in Section
         2(a)(48) of that Act; Small Business Investment Corporation licensed by
         the U.S. Small Business  Administration  under Section 301(c) or (d) of
         the Small Business  Investment Act of 1958;  any plan  established  and
         maintained  by a state,  its political  subdivisions,  or any agency or
         instrumentality  of a  state  or its  political  subdivisions  for  the
         benefit of its  employees,  if such plan has total  assets in excess of
         $5,000,000;  employee  benefit  plan within the meaning of the Employee
         Retirement  Income Security Act of 1974, if the investment  decision is
         made by a plan  fiduciary,  as defined  in  Section  3(21) of such Act,
         which  is  either  a bank,  savings  and  loan  association,  insurance
         Corporation,  or  registered  investment  adviser,  or if

<PAGE>

         the employee  benefit plan has total assets in excess of $5,000,000 or,
         if a  self-directed  plan,  with  investment  decision  made  solely by
         persons that are accredited investors;

                           (iii) Any private business development Corporation as
         defined in Section 202(a)(22) of the Investment Advisers Act of 1940;

                           (iv) Any organization  described in Section 501(c)(3)
         of the Internal  Revenue Code,  corporation,  Massachusetts  or similar
         business trust, or partnership,  not formed for the specific purpose of
         acquiring  the  Securities  offered,  with  total  assets  in excess of
         $5,000,000;

                           (v) Any natural person whose individual net worth, or
         joint net worth with that person's spouse,  at the time of his purchase
         exceeds $1,000,000;

                           (vi) Any natural person who had an individual  income
         in excess of $200,000  during each of the  previous  two years or joint
         income with that person's spouse in excess of $300,000 in each of those
         years and has a  reasonable  expectation  of  reaching  the same income
         level in the current year;

                           (vii)  Any  trust,  with  total  assets  in excess of
         $5,000,000,  not  formed for the  specific  purpose  of  acquiring  the
         Securities offered, whose purchase is directed by a person who has such
         knowledge and  experience in financial and business  matters that he is
         capable  of  evaluating  the  merits  and  risks  of  the   prospective
         investment; or

                           (viii) Any  entity in which all of the equity  owners
         are accredited investors.

                           (ix) As used in this  Section  4(g),  the  term  "net
         worth" means the excess of total assets over total liabilities. For the
         purpose of  determining a person's net worth,  the principal  residence
         owned by an individual should be valued at fair market value, including
         the cost of improvements,  net of current encumbrances. As used in this
         Section 4(g),  "income" means actual economic income,  which may differ
         from adjusted  gross income for income tax purposes.  Accordingly,  the
         undersigned  should  consider  whether  it should add any or all of the
         following items to its adjusted gross income for income tax purposes in
         order to reflect  more  accurately  its  actual  economic  income:  Any
         amounts attributable to tax-exempt income received, losses claimed as a
         limited  partner in any  limited  partnership,  deductions  claimed for
         depletion,  contributions  to an  IRA or  Keogh  retirement  plan,  and
         alimony payments.

         7.   Lock-Up.  The  Investor  acknowledges  and agrees  that the Shares
         shall be  subject to  certain  restrictions  on  transfer  following  a
         registered  public  offering  of  the  Corporation's   securities.   In
         connection with any registration of the Corporation's  securities,  the
         Investor  agrees,  upon  the  request  of the  Corporation  and/or  the
         underwriters managing such offering of the Corporation's securities, if
         applicable, not to sell, make any short sale of, loan, grant any option
         for the  purchase of, or  otherwise  dispose of any Shares  (other than
         those included in the  registration)  without the prior written consent
         of the Corporation and, if applicable,  such underwriters,  as the case
         may be,  for such  period  of time,  not to exceed  fourteen  (14) days
         before and one hundred  eighty (180) days,  after the effective date of
         such  registration as the Corporation or the  underwriters may specify;
         provided,   however,   that  all  executive  officers,   directors  and
         shareholders holding more than 1% of the fully diluted capital stock of
         the  Corporation  enter into similar  agreements.  The  Corporation and
         underwriters  may  request  such  additional   written   agreements  in
         furtherance of such standoff in the form reasonably satisfactory to the
         Corporation  and such  underwriter.  The  Corporation  may also  impose
         stop-transfer  instructions  with respect to the shares  subject to the
         foregoing  restrictions  until the end of said one hundred eighty (180)
         day period.

         8.   Restrictive Legends. Each certificate  evidencing the Shares which
         the Investor may acquire hereunder and any other securities issued upon
         any   stock   split,   stock   dividend,   recapitalization,    merger,
         consolidation  or  similar  event  (unless  no longer  required  in the
         opinion of the counsel for the Corporation) shall be imprinted with one
         or more legends substantially in the following form:

<PAGE>

         THE SHARES  REPRESENTED BY THIS  CERTIFICATE  HAVE NOT BEEN  REGISTERED
         UNDER  THE  SECURITIES  ACT OF 1933,  AS  AMENDED,  OR UNDER  ANY STATE
         SECURITIES  LAWS,  AND MAY BE OFFERED AND SOLD ONLY IF SO REGISTERED OR
         AN EXEMPTION FROM REGISTRATION IS AVAILABLE. THE HOLDER OF THESE SHARES
         MAY BE REQUIRED TO DELIVER TO THE COMPANY,  IF THE COMPANY SO REQUESTS,
         AN OPINION OF COUNSEL (REASONABLY SATISFACTORY IN FORM AND SUBSTANCE TO
         THE COMPANY) TO THE EFFECT THAT AN EXEMPTION  FROM  REGISTRATION  UNDER
         THE SECURITIES ACT (OR  QUALIFICATION  UNDER STATE  SECURITIES LAWS) IS
         AVAILABLE  WITH  RESPECT TO ANY  TRANSFER OF THESE  SHARES THAT HAS NOT
         BEEN SO REGISTERED (OR QUALIFIED).

         THE COMPANY IS AUTHORIZED TO ISSUE MORE THAN ONE CLASS OF STOCK. A COPY
         OF THE PREFERENCES, POWERS, QUALIFICATIONS AND RIGHTS OF EACH CLASS AND
         SERIES  WILL BE  PROVIDED  TO EACH  STOCKHOLDER  WITHOUT  CHARGE,  UPON
         WRITTEN REQUEST.

         THE  SHARES  REPRESENTED  BY  THIS  CERTIFICATE  ALSO  ARE  SUBJECT  TO
         ADDITIONAL  RESTRICTIONS ON TRANSFER TO WHICH ANY TRANSFEREE  AGREES BY
         HIS ACCEPTANCE  HEREOF,  AS SET FORTH IN THE STOCK PURCHASE  AGREEMENT,
         DATED AS OF JANUARY 20,  2000.  NO TRANSFER OF SUCH SHARES WILL BE MADE
         ON  THE  BOOKS  OF  THE  COMPANY  UNLESS  ACCOMPANIED  BY  EVIDENCE  OF
         COMPLIANCE  WITH THE TERMS OF SUCH AGREEMENT AND BY AN AGREEMENT OF THE
         TRANSFEREE TO BE BOUND BY THE RESTRICTIONS SET FORTH IN SUCH AGREEMENT.
         THE COMPANY  WILL MAIL A COPY OF SUCH  AGREEMENT  TO THE HOLDER  HEREOF
         WITHOUT  CHARGE  UPON  THE  COMPANY'S  RECEIPT  OF  A  WRITTEN  REQUEST
         THEREFOR.

         The Corporation shall be entitled to enter stop transfer notices on its
         transfer books with respect to the Securities.

         9.   Miscellaneous.

                  a.  Notices.  Any  notice,   request  or  other  communication
         required or permitted  hereunder will be in writing and shall be deemed
         to have been duly given if  personally  delivered or if  telecopied  or
         mailed  by  registered  or  certified  mail,  postage  prepaid,  at the
         respective  addresses  of the  parties  as set forth  below.  Any party
         hereto may by notice so given  change  its  address  for future  notice
         hereunder.  Notice  will be deemed to have been given  when  personally
         delivered or when deposited in the mail or telecopied in the manner set
         forth above and will be deemed to have been received when delivered.

                  (a)      If to the Investor: as set forth on Schedule 1

                  (b)      If to the Company

                           U.S. Electricar, Inc.
                           19850 South Magellan Drive
                           Torrance, California  90502
                           Attention:  President

                           with a copy to:

                           Bay Venture Counsel, LLP
                           1999 Harrison Street, Suite 1300
                           Oakland, CA 94612
                           Attention:  Donald C. Reinke, Esq.
                           Telecopier (510) 834-7440

                  b. Survival.  The representations,  warranties,  covenants and
         agreements  made herein shall  survive the closing of the  transactions
         contemplated hereby.

<PAGE>

                  c.  Successors  and  Assigns.  Except as  otherwise  expressly
         provided herein, the terms and conditions of this Agreement shall inure
         to the benefit of and be binding  upon the  respective  successors  and
         assigns of the parties.

                  d.   Applicable   Law.   This   Agreement  and  all  acts  and
         transactions  pursuant  hereto and the rights  and  obligations  of the
         parties  hereto  shall  be  governed,   construed  and  interpreted  in
         accordance  with the laws of the State of  California,  without  giving
         effect to principles of conflicts of law.

                  e. Counterparts.  This Agreement may be executed in any number
         of counterparts,  each of which shall be an original,  but all of which
         together  shall  constitute  one  instrument.  This  Agreement  may  be
         executed by facsimile.

                  f.  Title  and  Subtitles.  The  titles  of the  Sections  and
         subsections of this Agreement are for the convenience of reference only
         and are not to be considered in construing this Agreement.

                  g.  Attorney's  Fees.  If  any  action  at  law  or in  equity
         (including  arbitration) is necessary to enforce or interpret the terms
         of this Agreement, the prevailing party shall be entitled to reasonable
         attorney's fees,  costs and necessary  disbursements in addition to any
         other relief to which it may be entitled.

                  h. Waiver.  The  provisions  of this  Agreement may be waived,
         altered,  amended  or  repealed,  in whole or in  part,  only  upon the
         written consent of the  Corporation and the Investor.  No waiver by any
         party  hereto of any breach of this  Agreement by any other party shall
         operate or be construed as a waiver of any other or subsequent  breach.
         No waiver by any party  hereto of any breach of this  Agreement  by any
         other  party  hereto  shall be  effective  unless it is in writing  and
         signed by the party claimed to have waived such breach.

                  i. Remedies Cumulative;  Specific Performance.  The rights and
         remedies  of  the  parties   hereto  shall  be   cumulative   (and  not
         alternative). The parties to this Agreement agree that, in the event of
         any breach or threatened breach by the Corporation to this Agreement of
         any covenant, obligation or other provision set forth in this Agreement
         for the benefit of any other party to this Agreement,  such other party
         shall  be  entitled  (in  addition  to any  other  remedy  that  may be
         available  to it) to (A) a decree or order of specific  performance  or
         mandamus to enforce the  observance  and  performance of such covenant,
         obligation or other provision,  and (B) an injunction  restraining such
         breach or threatened breach.

                  j.  Severability.  If one or more provisions of this Agreement
         are held to be unenforceable under applicable law, the parties agree to
         renegotiate  such  provision  in good  faith  to  achieve  the  closest
         comparable  terms as is possible.  In the event that the parties cannot
         reach  a  mutually  agreeable  and  enforceable  replacement  for  such
         provision,  then  (a)  such  provision  shall  be  excluded  from  this
         Agreement,  (b) the balance of the Agreement shall be interpreted as if
         such  provision  were so excluded and (c) the balance of the  Agreement
         shall be enforceable in accordance with its terms.

                  k.  Venue.  Any action,  arbitration,  or  proceeding  arising
         directly or indirectly  from this Agreement or any other  instrument or
         security  referenced  herein  shall  be  litigated  or  arbitrated,  as
         appropriate, in the County of Los Angeles, State of California.

                  l.  Entire   Agreement.   This  Agreement  and  the  Exhibits,
         Schedules and other documents  referred to herein constitute the entire
         agreement  between the parties hereto  pertaining to the subject matter
         hereof, and any and all other written or oral agreements  regarding the
         subject matter hereof existing between the parties hereto are expressly
         canceled.

<PAGE>

                                SIGNATURE PAGE TO
                            STOCK PURCHASE AGREEMENT

         IN WITNESS WHEREOF,  the parties hereto have executed this Agreement as
of the day and year hereinabove first written.

KAFIG, PTY, LTD.                             U.S. ELECTRICAR,, INC.

   /s/ Josh Liberman                          /s/ Carl D. Perry
-----------------------------------       --------------------------------------

Josh Liberman                             Carl D. Perry, Chief Executive Officer

                                   Schedule 1

Closing Date:  January 20, 2000
             -----------------------

Number of Shares:  3,333,333
                 -------------------

Purchase Price:   US $1,000,000
               ---------------------

Price per share:     $0.30
                --------------------

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