Document:

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                                                                  EXHIBIT 10(ii)

                            ASSET PURCHASE AGREEMENT

         THIS AGREEMENT ("AGREEMENT"), dated as of August 21, 2000, is by and
among ELINEAR, INC., a Delaware corporation formerly known as Kinetiks.com,
Inc., and its wholly owned subsidiary, ELINEAR CORPORATION, a Colorado
corporation, jointly and severally (hereinafter collectively referenced as
"ELINEAR"), INOBBAR, L.L.C., a Florida limited liability company ("INOBBAR"),
JAY VICKERS and JOHN KAERCHER (such individuals are together referred to as the
"MEMBERS").

                                 R E C I T A L S

         WHEREAS, Elinear is engaged in Internet consulting and transaction
management and software design and development, operating in the Denver,
Colorado, Tampa, Florida, Fort Lauderdale, Florida, and Houston, Texas markets;

         WHEREAS, Elinear desires to discontinue its Tampa, Florida and Fort
Lauderdale, Florida operations because of its repeated losses with respect to
such operations and concentrate its efforts and resources in the Denver,
Colorado and Houston, Texas markets;

         WHEREAS, Inobbar has been formed by the Members to engage in Internet
consulting and transaction management and software design and development;

         WHEREAS, the Members are currently employed by Elinear;

         WHEREAS, Elinear desires to sell, transfer and assign, and Inobbar
desires to purchase and assume, certain of Elinear's assets and liabilities
relating to Elinear's operations in Tampa, Florida (the "TAMPA OPERATIONS"); and

         WHEREAS, in furtherance of Elinear's plan to exit the Tampa, Florida
and Fort Lauderdale, Florida markets, Elinear and the Members desire to
terminate the Members' employment relationships with Elinear and execute mutual
releases upon the terms and conditions set forth herein.

         NOW THEREFORE, in consideration of the mutual covenants set forth
herein, and intending to be legally bound hereby, the parties hereto hereby
agree as follows:

         SECTION 1. BASIC TRANSACTION.

         (a) PURCHASE AND SALE OF ASSETS. Effective as of the Effective Date (as
defined in Section 1(c) hereof), Elinear agrees to sell, transfer, convey and
deliver to Inobbar on the terms and subject to the conditions set forth herein,
and Inobbar agrees to purchase from Elinear, the assets set forth on SCHEDULE
1(a) hereto (the "ASSETS"), which Assets shall be free and clear of any liens or

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encumbrances except as otherwise set forth herein. It is acknowledged and agreed
that Elinear is retaining all accounts receivable outstanding as of the
Effective Date.

         (b) ASSUMPTION OF LIABILITIES. Effective as of the Effective Date,
Elinear shall assign to Inobbar, and Inobbar shall assume and become responsible
for: (i) the Office Lease and Service Agreement entered into by Elinear for the
office premises located at 2 Urban Centre, 4890 West Kennedy, Suite 600, Tampa,
Florida 33609 (the "TAMPA OFFICE"), (ii) the Office Service Agreement for the
office premises located at 600 North Pine Island Road, Suite 450, Plantation,
Florida 33324 (the "PLANTATION OFFICE"), (iii) each lease obligation for
equipment currently utilized in or by the Tampa Office or the Plantation Office
(together, the "FLORIDA OFFICES") to which Elinear is a party; provided,
however, that Inobbar's rights and obligations with respect to the DataReturn
server shall be limited as described below, (iv) each contract or other
obligation entered into by Elinear or Inobbar for services or equipment used in
connection with the Florida Offices, (v) all obligations with respect to the
Employees (as defined in Section 1(e) hereof) for paid time off ("PTO"), if any,
accrued prior to the Effective Date, and all obligations with respect to the
Employees arising from and after the Effective Date including severance, if any,
and (vi) all other obligations and liabilities relating to the Florida Offices
arising from and after the Effective Date. Inobbar and the Members on the one
hand and Elinear on the other hand, shall provide all information to the other
party(ies) necessary to set forth with specificity the assumed obligations on a
schedule to the Assignment and Assumption Agreement to be delivered at Closing
in accordance with Section 1(f) hereof.

         Effective as of the Effective Date, Elinear shall sublicense and assign
to Inobbar, on a non-exclusive basis, Elinear's rights to use the DataReturn
server pursuant to that certain agreement by and between the owner of the
DataReturn server and Elinear (the "DATARETURN AGREEMENT"), which rights of use
shall be shared with Elinear and its clients and shall be to the extent
permitted under the DataReturn Agreement and/or as permitted by the owner of the
DataReturn server. Such rights of use shall extend from the Effective Date until
the expiration date of the DataReturn Agreement. During such period, Inobbar
shall be responsible for fifty percent (50%) of the monthly base fee for the
DataReturn server and fifty percent (50%) of the cost of any maintenance
charges, sales taxes or other fees, taxes, charges or expenses not tied to
server usage due to the DataReturn server's owner pursuant to the DataReturn
Agreement, and Elinear shall be responsible for the remaining fifty percent
(50%) of such base fee, charges, taxes and expenses. In the event that (and for
so long as) Elinear, Inobbar or their respective clients use available space on
the DataReturn server in excess of the available space provided as part of the
base rate, each of the parties shall pay a percentage of the aggregate fees,
taxes, charges and expenses due under the DataReturn Agreement for the
applicable billing period equal to the percentage share of space utilized by
such party or its clients on the server during such billing period and the other
party shall pay the balance of such aggregate fees, taxes, charges and expenses
due under the DataReturn Agreement. All payments due from Inobbar with respect
to its use of DataReturn server shall be paid within five (5) days of invoice of
the same by Elinear. In the event that the parties hereto or their clients
utilize space on the DataReturn server in excess of the available space provided
as part of the base rate, Elinear shall in good faith make the determination as
to the proportionate use of the server by the parties and shall provide to
Inobbar all back up documentation concerning its determination (including the
DataReturn bill) along with its invoice described in the immediately preceding
sentence. All fees, taxes, charges and expenses due under the DataReturn

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Agreement for the month of August, 2000 shall be prorated from the Effective
Date through August 31, 2000 and Inobbar shall reimburse Elinear such amount at
the Closing.

         It is the parties' understanding that no leases for equipment are
currently in effect with respect to equipment currently located or to be located
in the future at the Florida Offices. In the event that any of the Members or
the Employees (as defined in Section 1(e) hereof) have caused Elinear to become
a party to such equipment lease arrangements, Inobbar shall indemnify and hold
Elinear harmless from such lease obligations and shall use its best efforts to
cause each lessor of equipment to release Elinear from any further obligations
or liabilities under such equipment leases, which best efforts shall include,
without limitation, the personal guaranties of the Members if requested by the
lessors. At Closing, Inobbar shall reimburse Elinear in an amount equal to the
aggregate of any security deposits held by the real property or equipment
lessors and not returned to Elinear at the time of Inobbar's assumption of the
lease obligations.

         (c) CLOSING AND EFFECTIVE DATE. The transactions contemplated by this
Agreement shall close (the "CLOSING") when all closing deliveries set forth in
Section 1(f) hereof are fully executed and/or delivered by the parties, but no
later than September 21, 2000. The effective date of the Closing of the
transactions contemplated by this Agreement shall be August 21, 2000 (the
"EFFECTIVE DATE").

         (d) CONSIDERATION. In addition to the assumption of liabilities set
forth above, the consideration to be given by Inobbar to Elinear in connection
with the purchase of the Assets, the releases set forth in this Agreement and
the licenses granted pursuant to this Agreement, shall be Jay Vickers' options
to acquire Nine Hundred Thirty-Three Thousand Three Hundred Thirty-Three
(933,333) shares of Elinear's common stock (the "OPTION CONSIDERATION") granted
pursuant to that certain Stock Option Agreement dated as of April 4, 2000, by
and between Jay Vickers and Elinear (the "VICKERS OPTION AGREEMENT"). For
purposes of this Agreement, the parties have set a value of Two Hundred Fifty
Thousand and No/100 Dollars ($250,000.00) with respect to the Option
Consideration.

         (e) EMPLOYEES. Effective as of the Effective Date, the Members and each
of the other employees of Elinear set forth on SCHEDULE 1(E) hereto which
Elinear employed to provide services for Elinear's Tampa, Florida and
Plantation, Florida locations (collectively, the "EMPLOYEES") shall be deemed
terminated without cause as employees of Elinear and hired as employees of
Inobbar. From and after the Effective Date, Inobbar shall be responsible for
paying salaries, providing fringe benefits and for withholding, as required by
law, any sums for income tax, unemployment insurance, social security, or other
withholding required by applicable law or governmental requirement. Elinear
shall remain liable for salary and required withholding that accrued prior to
the Effective Date and for fringe benefits, other than PTO, that accrued prior
to the Effective Date. Effective as of the Effective Date, Inobbar shall
maintain appropriate workers' compensation coverage for all of the Employees and
other personnel employed by Inobbar and comprehensive general liability
insurance covering Inobbar and all of the Employees and all of its other
personnel. Elinear shall satisfy any salary or fringe benefit obligations, other
than PTO, accrued prior to the expiration of the Effective Date and Inobbar
shall use its best efforts to obtain from each of the Employees a release in the
form attached as EXHIBIT 1 (collectively, the "EMPLOYMENT RELEASES") of Elinear
from all of such liabilities and from any and all other liabilities of any kind
or nature related to Elinear's employment of the Employees. In the event that

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Inobbar does not obtain an Employment Release with respect to any particular
Employee: (i) such Employee shall be considered an individual which Inobbar may
not hire or engage pursuant to Section 9(a) hereof, and (ii) if in fact Inobbar
does hire such individual in violation of this Section and Section 9(a) hereof,
Inobbar shall indemnify and hold Elinear harmless from any claims, demands,
liabilities, costs, expenses, actions and causes of action of whatsoever kind or
nature brought by such Employee; such relief to be in addition to any other
remedies in equity or at law available to Elinear. Upon Closing, any
non-competition, non-disclosure and non-solicitation covenants between and among
Elinear and the Employees (who sign the Employment Releases) set forth in their
employment agreements shall be terminated and shall be of no further force or
effect.

         (f)      DELIVERIES AT CLOSING.

                  (1)      At the Closing, Elinear shall deliver to Inobbar and
                           the Members the following:

                           (a)      A Bill of Sale in the form attached to this
                                    Agreement as EXHIBIT 2;

                           (b)      Assignments and Assumptions of Leases\Office
                                    Service Agreements for the Florida Offices
                                    in the forms attached to this Agreement as
                                    EXHIBIT 3 and EXHIBIT 4;

                           (c)      Consents of the lessors or sublessors of the
                                    Florida Offices in the forms attached to
                                    this Agreement as EXHIBIT 5 and EXHIBIT 6;

                           (d)      An Assignment and Assumption Agreement in
                                    the form attached to this Agreement as
                                    EXHIBIT 7;

                           (e)      An Amendment to the Vickers Option Agreement
                                    cancelling the options constituting the
                                    Option Consideration in the form attached to
                                    this Agreement as EXHIBIT 8;

                           (f)      A Software and Service Mark License for the
                                    use by Inobbar of the WebCAS software in the
                                    form attached to this Agreement as EXHIBIT
                                    9;

                           (g)      A reconciliation of amounts owed to and from
                                    each of the parties;

                           (h)      Such other instruments of sale, transfer,
                                    conveyance and assignment as Inobbar may
                                    reasonably request; and

                           (i)      Such other documents as may be necessary to
                                    effectuate the transactions contemplated
                                    hereby.

                  (2)      At the Closing, Inobbar and the Members shall deliver
                           to Elinear the following:

                           (a)      The Assignments and Assumptions of
                                    Leases\Office Service Agreements for the
                                    Florida Offices.

                           (b)      The Assignment and Assumption Agreement;

                           (c)      The Employment Releases;

                           (d)      The reimbursement for security deposits
                                    contemplated by Section 1(b) hereof;

                           (e)      The Amendment to the Vickers Option
                                    Agreement;

                           (f)      The Software and Service Mark License;

                           (g)      A reconciliation of amounts owed to and from
                                    each of the parties;

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                           (h)      Such other instruments of assumption as
                                    Elinear may reasonably request; and

                           (i)      Such other documents as may be necessary to
                                    effectuate the transactions contemplated
                                    hereby.

         SECTION 2. REPRESENTATIONS AND WARRANTIES.

         (a) REPRESENTATIONS AND WARRANTIES OF ELINEAR. Elinear hereby
represents and warrants to Inobbar and the Members that the following are true
and correct as of the Closing:

                  (i) Elinear is duly authorized to execute, deliver and perform
this Agreement and any other agreement contemplated hereby, and to consummate
the transactions contemplated hereby. The Agreement and each other agreement
contemplated hereby are the legal, valid and binding obligations of Elinear,
enforceable against it in accordance with their respective terms.

                  (ii) The information provided by Elinear with respect to the
assumed liabilities to be set forth in the Assignment and Assumption Agreement
to be delivered at Closing will be true and correct in all respects.

                  (iii) Elinear owns and has marketable title to the Assets, and
the Assets shall be transferred to Inobbar at Closing free and clear of all
liens and encumbrances whatsoever.

         (b) REPRESENTATIONS AND WARRANTIES OF INOBBAR AND THE MEMBERS. Inobbar
and the Members jointly and severally hereby represent and warrant to Elinear
that the following are true and correct as of the Closing:

                  (i) Inobbar is duly authorized to execute, deliver and perform
this Agreement and any other agreement or instrument contemplated hereby, and to
consummate the transactions contemplated hereby. The Agreement and each other
agreement contemplated hereby are the legal, valid and binding obligations of
Inobbar and the Members, enforceable against each such party in accordance with
their respective terms.

                  (ii) Except as set forth on SCHEDULE 2(b)(ii) hereto: (a)
there are no prepaid expenses, unbilled accounts receivable, unbilled services
or similar items relating to the Florida Offices or the operations of Elinear in
the Tampa, Florida or Fort Lauderdale/Plantation, Florida markets, (b) none of
the Members or any individuals acting at the direction of the Members have
deposited or otherwise disposed of any revenue collected by or on behalf of
Elinear other than in Elinear's bank accounts, and (c) all ledger entries and
other information provided by or on behalf of the Members to Elinear with
respect to any revenue collected by or on behalf of Elinear since the date of
the opening of the Tampa Office, have been complete and accurate in all
respects.

                  (iii) Except as set forth in the Assignment and Assumption
Agreement delivered in accordance with Section 1(f) hereof, none of Inobbar or
the Members have incurred any commitments, obligations or liabilities on behalf
of or in the name of Elinear which remain unsatisfied or unfulfilled since the
date of the opening of the Tampa Office, except for: (a) the sublease

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arrangement for the office premises located at 600 North Pine Island Road,
Plantation, Florida, 33324 on the fourth floor by and between Elinear and
American Superior Insurance Company, and (b) such other commitments, obligations
and liabilities disclosed to Jon Ludwig or William Ivins prior to the Closing or
of which Jon Ludwig or William Ivins are otherwise aware by the Closing.

                  (iv) The information provided by the Members and Inobbar with
respect to the assumed liabilities to be set forth in the Assignment and
Assumption Agreement to be delivered at Closing will be true and correct in all
respects.

         SECTION 3. NONDISPARAGEMENT COVENANTS. Elinear, Inobbar and the Members
mutually agree that they shall not at any time make or publish any negative,
critical or disparaging comments or statements, whether written or oral, about
Elinear, Inobbar or the Members, or their respective officers, directors,
employees, shareholders, members or managers.

         SECTION 4. ELINEAR STOCK OPTIONS.

         (a) MEMBERS' STOCK OPTIONS. All Stock Option Agreements between Elinear
and the Members shall be deemed to be terminated as of the Effective Date,
except as provided in the Vickers Option Agreement (which shall be amended
pursuant to the Amendment to Stock Option Agreement described in Section 1(f)
hereof).

         (b) STOCK OPTIONS OF EMPLOYEES. All Stock Option Agreements, if any,
between Elinear and any Employees other than the Members shall be deemed to be
terminated as of the Effective Date.

         SECTION 5. INDEMNIFICATION.

         (a) INDEMNIFICATION FOR BENEFIT OF ELINEAR. Inobbar and the Members,
jointly and severally, shall defend, indemnify and hold Elinear and its
officers, directors, employees and agents harmless from and shall pay all
losses, damages, fees, expenses or costs (including reasonable attorney's fees)
incurred by them based upon any claim arising out of any breach by Inobbar or
the Members of any of their representations or warranties herein, and Inobbar
and the Members shall severally defend, indemnify and hold Elinear and its
officers, directors, employees and agents harmless from and shall pay all
losses, damages, fees, expenses or costs (including reasonable attorney's fees)
incurred by them based upon any claim arising out of any breach by Inobbar or
the Members of any of their respective obligations or agreements herein.

         (b) INDEMNIFICATION FOR BENEFIT OF INOBBAR AND MEMBERS. Elinear shall
defend, indemnify and hold the Members, Inobbar and its officers, managers,
members, employees and agents harmless from and shall pay all losses, damages,
fees, expenses or costs (including reasonable attorney's fees) incurred by them
based upon any claim arising out of any breach by Elinear of any of its
obligations, agreements, representations or warranties herein.

         SECTION 6. MUTUAL RELEASES.  Effective upon the Closing:

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         (a) The Members and Inobbar, and their respective successors and
assigns do hereby release and forever discharge Elinear and its officers,
directors, shareholders, partners, agents, employees, affiliated entities,
affiliated professionals, successors and assigns, of and from any and all
claims, demands, liabilities, costs, expenses, actions and causes of action of
whatsoever kind or nature, whether in law or equity, from the beginning of time
to the date of the Closing, which the Members or Inobbar may have or claim to
have, whether known to them or not, against Elinear, except for the obligations
under this Agreement, the Vickers Option Agreement, as amended pursuant to the
Amendment contemplated by this Agreement, or the documents referenced in Section
1(f) above. Except as specifically set forth in this Section 6, this release is
a general release and the parties intend and agree that it shall be interpreted,
construed and enforced as such.

         (b) Elinear and its successors and assigns do hereby release and
forever discharge each of the Members and Inobbar, and their respective
officers, directors, shareholders, partners, agents, employees, affiliated
entities, affiliated professionals, successors and assigns, of and from any and
all claims, demands, liabilities, costs, expenses, actions and causes of action
of whatsoever kind or nature, whether in law or equity, from the beginning of
time to the date of the Closing, which Elinear may have or claim to have,
whether known to them or not, against the Members or Inobbar, except for the
obligations under this Agreement or the documents referenced in Section 1(f)
above. Except as specifically set forth in this Section 6, this release is a
general release and the parties intend and agree that it shall be interpreted,
construed and enforced as such.

         This Section 6 shall be of no force or effect until Closing.

         SECTION 7. NO ASSIGNMENT OF CLAIMS. Each of the parties warrants and
represents that no part of any of the above asserted or assertable claims have
been assigned or transferred, and that he or it has full, exclusive and
unencumbered right, title and interest in and to them.

         SECTION 8. NO PRIOR BREACH. By executing this Agreement, the parties
hereto are not acknowledging a breach of any agreement between the parties and
affirm that the parties have mutually agreed not to continue the previously
established business relationships referred to herein, except as otherwise
provided herein.

         SECTION 9. COVENANTS NOT TO COMPETE.

         (a) COVENANT NOT TO COMPETE OF INOBBAR. Inobbar and the Members
acknowledge and recognize the highly competitive nature of Elinear's business,
that the continued patronage of Elinear's Clients (as hereinafter defined)
constitutes a substantial asset of Elinear having been acquired through
considerable time, money and effort and that Elinear would not have entered into
this Agreement without the covenants set forth herein. Accordingly, Inobbar and
the Members agree that for a period of one (1) year after the Effective Date
(the "RESTRICTED PERIOD"), none of Inobbar or the Members shall individually or
with others, directly or indirectly: (i) compete with Elinear by soliciting,
inducing or influencing any of Elinear's Clients to discontinue or reduce the
extent of such relationship with Elinear or to conduct business with Inobbar; or
(ii) recruit, solicit or otherwise influence any existing employee, independent
contractor, computer programmer or agent of Elinear, other than the Employees,
to discontinue such employment, contractual or agency relationship with Elinear.

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         (b) ELINEAR'S CLIENTS. For the purposes of this Agreement "Elinear's
Clients" shall be deemed to be those individuals, associations or business
entities reflected on SCHEDULE 9(B) attached hereto, which currently do business
with Elinear or which are current prospects of Elinear.

         (c) COVENANT NOT TO COMPETE OF ELINEAR. Elinear acknowledges and
recognizes the highly competitive nature of business to be conducted by Inobbar
and that none of Inobbar or the Members would have entered into this Agreement
without the covenants set forth herein. Accordingly, Elinear agrees that during
the Restricted Period it shall not individually or with others, directly or
indirectly: (i) compete with Inobbar by soliciting, inducing or influencing any
of Inobbar's Clients to discontinue or reduce the extent of such relationship
with Inobbar or to conduct business with Elinear; or (ii) recruit, solicit or
otherwise influence any employee, independent contractor computer programmer or
agent of Inobbar to discontinue such employment, contractual or agency
relationship with Inobbar.

         (d) INOBBAR'S CLIENTS. For the purposes of this Agreement, Inobbar's
Clients shall be deemed to be those individuals, associations or business
entities reflected on SCHEDULE 9(D) attached hereto, which currently do business
with Inobbar or which are current prospects of Inobbar.

         (e) SEVERABILITY. If any provision, or part thereof, of this Agreement
is held to be unenforceable in any respect, such unenforceability will not
affect any other provision hereof, but this Agreement will be reformed,
construed and enforced as if such unenforceable provision had never been
contained herein. If any court determines that any provision of this Section 9
is unenforceable because of the duration or scope of such provision, such court
shall have the power to reduce the scope or duration of such provision, as the
case may be, and, in its reduced form, such provision shall then be enforceable.

         SECTION 10. REMEDIES. The parties agree that a breach of this Agreement
by any party shall result in immediate and irreparable harm to the other party
hereto. Accordingly, the parties agree that the non-defaulting parties may seek
and obtain injunctive or other equitable relief as against the defaulting party
hereunder, without posting bond or other security, in addition to any other
remedies available at law or in equity.

         SECTION 11. GOVERNING LAW; WAIVER OF JURY TRIAL. This Agreement shall
be governed by the laws of the State of Florida without regard to such state's
rules concerning conflicts of laws. Any right to trial by jury with respect to
any claim or proceeding related to or arising out of this Agreement is waived.

         SECTION 12. ENTIRE AGREEMENT; COUNTERPARTS. This Agreement reflects the
entire agreement between the parties hereto with respect to the subject matter
hereof and no provision hereof may be modified or waived unless such
modification or waiver is in writing and is signed by all of the parties hereto.
This Agreement may be executed in one or more counterparts, each of which shall
be deemed an original, but all of which together shall constitute one and the
same agreement.

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         SECTION 13. BINDING EFFECT. The provisions of this Agreement shall be
binding upon and inure to the benefit of the parties hereto.

         SECTION 14. ATTORNEYS' FEES. In the event of any litigation arising out
of or relating to this Agreement, the prevailing party shall be entitled to
recover all costs and reasonable attorneys' fees incurred, including, but not
limited to, costs and fees incurred in any investigations, trials, bankruptcies
and appeals.

         SECTION 15. EXPENSES; DOCUMENTARY TAXES. Each of the parties shall be
responsible for and will pay his or its own expenses incurred in connection with
the negotiation of the transactions contemplated hereunder.

         SECTION 16. DISCLAIMER OF WARRANTIES. THE ASSETS SHALL BE TRANSFERRED
TO INOBBAR "AS IS, WHERE IS" WITH NO WARRANTIES OR REPRESENTATIONS OTHER THAN
TITLE AND OWNERSHIP. ELINEAR DISCLAIMS ALL OTHER WARRANTIES, EXPRESS OR IMPLIED,
IN CONNECTION WITH THE ASSETS, INCLUDING BUT NOT LIMITED TO THE IMPLIED
WARRANTIES OF MERCHANTIBILITY AND FITNESS FOR A PARTICULAR PURPOSE.

         SECTION 17. FURTHER ASSURANCES. From and after the Effective Date, upon
the reasonable request of any party, the other party(ies) shall execute and
deliver such instruments, documents and other writings as may be reasonably
necessary to effectuate the intent and purpose of this Agreement.

         SECTION 18. FULL ACCESS. After the Effective Date, Inobbar and the
Members shall provide Elinear with access, upon prior reasonable written request
specifying the need therefor, during regular business hours, to the books of
account and records of Inobbar for the period from the date of the Tampa Office
was opened until the Effective Date, and Elinear and its representatives shall
have the right to make copies of such books and records.

         SECTION 19. ACCESS TO WEBSITE AND E-MAIL. For a period of eight (8)
weeks after the Effective Date, Elinear shall provide Inobbar, the Members and
the Employees other than the Members access to and use of Elinear's Website for
Inobbar's legitimate business purposes and access to and use of Elinear's e-mail
infrastructure by such individuals.

         SECTION 20. COOPERATION. Each of the parties hereto will cooperate with
the other in all respects, and each of the parties will execute and deliver to
the other parties hereto such other instruments and documents and take such
other actions as may be reasonably requested from time to time by any other
party hereto as necessary to carry out, evidence and confirm the intended
purposes of this Agreement. Such cooperation shall include, without limitation,
assistance to Elinear by the Members and Inobbar as necessary in conjunction
with any audits of Elinear's financial statements, including the timely
completion of information requests or other inquiries as required by Elinear or
its auditors.

         SECTION 21. ACKNOWLEDGMENT. Elinear, Inobbar and the Members each
acknowledge their consent to the legal representation of Elinear by Shumaker,
Loop & Kendrick, LLP in connection with this Agreement and the transactions

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contemplated hereby, and hereby waive any conflict of interest that may result
from such representation. Elinear, Inobbar and the Members each further
acknowledge that they have been advised that it may be in their best interests
to retain their own independent legal counsel to represent them in connection
with this Agreement.

         The parties hereto have executed this Agreement as of the date first
above written.

                            ELINEAR, INC

                            By:      /s/ Jon Ludwig
                                --------------------------------------------
                                     Jon Ludwig, its Chief Executive Officer

                            ELINEAR CORPORATION

                            By:      /s/ Jon Ludwig
                                --------------------------------------------
                                     Jon Ludwig, its President

                            INOBBAR, L.L.C.

                            By:      /s/ Jay Vickers
                                --------------------------------------------
                                     Jay Vickers, its Manager

                                     /s/ Jay Vickers
                                --------------------------------------------
                                     Jay Vickers, individually

                                     /s/ John Kaercher
                                --------------------------------------------
                                     John Kaercher, individually

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                                  SCHEDULE 1(a)

                                     ASSETS

         (a) all equipment, furniture, furnishings and fixtures listed on the
attached SCHEDULE 1(a)-A which are currently located at the Florida Offices;

         (b) all supplies located at the Florida Offices;

         (c) all leases of instruments, equipment, furniture, machinery and
other items of tangible personal property (including rights to any security
deposits with respect to such leases) relating primarily to the Florida Offices
to the extent that such leases are transferable;

         (d) the customer accounts for the current and potential customers
listed on SCHEDULE 9(d); provided, however, that the foregoing does not include
any rights to collect or receive accounts receivable of Elinear outstanding as
of the Effective Date;

         (e) to the extent permitted by applicable law, all rights under any
written or oral contract, agreement, plan, instrument, registration, license,
certificate of occupancy, other permit or approval of any nature, or other
document, commitment, arrangement, undertaking, practice or authorization held
or entered into by Elinear and relating primarily to the Florida Offices;
provided, however, that the foregoing does not include any rights to collect or
receive accounts receivable of Elinear outstanding as of the Effective Date;

         (f) the rights to all telephone numbers used at the Florida Offices;

         (g) all warranties and guaranties made or provided by third parties to
or for the benefit of Elinear with respect to any of the assets described in
this Schedule 1(a);

         (h) copies (but not originals) of all books and records of Elinear
located at the Florida Offices, including, without limitation, all credit
records, payroll records, computer records, data bases, contracts, agreements,
operating manuals, schedules of assets, correspondence, books of account, files,
papers, books and all other public and confidential business records, whether
such records are in hard copy form or are electronically or magnetically stored;

         (i) copies (but not originals) of all information, files, records,
data, plans, contracts and recorded knowledge, including supplier lists and
employee records held by Elinear related to the foregoing and the operation of
the Florida Offices or which are located at the Florida Offices; and

         (j) the amounts owed by certain employees of Elinear to Elinear which
are described on the attached SCHEDULE 1(a)-B.

                                       11
<PAGE>   12

                                  SCHEDULE 1(e)

                                    EMPLOYEES

See list annexed hereto.

1.   John Kercher

2.   Jon Campbell

3.   Michael Grady

4.   Andy Curry

5.   Mohammed Tasheen

6.   Byron Gillin

7.   Chris Herring

Jay Vickers was terminated by Jon Ludwig and is not considered an Elinear
employee.

                                      12
<PAGE>   13

                               SCHEDULE 2(b)(ii)
                               PREPAID EXPENSES

             Description                                  Amount
             -----------                                  ------

             Byron Past Draw                               1,500
             DigiChat Software for Shula's                   495
             50% of Tampa Non-Lease Costs for August         621
             Jay Expense Report                           12,162
                                                          ------

             Total                                        14,778
                                                          ======

                                      13

<PAGE>   14

                                 SCHEDULE 9(b)
                               ELINEAR'S CLIENTS
                     PROTECTED CLIENT LIST -HOUSTON/DENVER

Academy Sports and Out...                      JCIT
Administaff                                    JD Edwards
Anchor Offices                                 Managed Storage
Athletic Link                                  NCI Building Systems LP
AVCA                                           NCBA
AWWA                                           One Source (Stacey Jordon)*
Baxa Corporation                               Pacific Union College
BMC Software                                   Prairie View A & M University
Boulder Weekly                                 Prologis
Chateau Communities                            Pulmonary Data Service
Chevron                                        Rackspace.Com
City of Houston Police Dept.                   Royal and Sun Alliance Royal Gold
Coastal Corporation                            Samsonite
Colorado State Bank                            Santa Fe Snyder Corporation
Convergent Communications                      Spring Branch Independen...
Coors                                          Stage Stores
Duke Communications                            State of Colorado
EDS                                            Stevinson Automotive
Eott Energy Partners LLP                       STS Hotel Net
Evolving Systems                               SullivanHayes
e-z conference                                 Sun Educational Services**
First Trust                                    Tactical Marketing
Garage Door Services                           TeleClip
Harris County Central Tec..                    Texas Procurement Center
Hauser                                         The Family Neighborhood
Highlands Insurance Com...                     UnitedGlobalCom
Hines                                          Universal Compression, Inc.
Hire Intelligence                              Western Geophysical
Holme Roberts & Owen                           Western Union Internet
Houston Community College                      Wild Oats
Houston Independent School District            WorldsAbove.com
Information Handling Services (IHS)

*  The inclusion of One Source and Stacey Jordon on Elinear's Client List does
   not prohibit Inobbar from soliciting the business of, or accepting business
   from, Outback Steakhouses (of which Stacey Jordan is affiliated).

** The inclusion of Sun Educational Services on Elinear's Client List does not
   prohibit Inobbar from soliciting the business of, or accepting business
   from, Sun Microsystems or its other affiliates.

                                       14

<PAGE>   15

                                  SCHEDULE 9(d)
                                INOBBAR'S CLIENTS

Adelphia Communications                   Lazydays RV
Alliant Defense Electronics               Palm Beach County Govt
ANC Rental Corporation                    Paramount Dental Plan
Apartmentsearch.cc                        Pediatrix Associates
Automotive Computer Technology            Pinnacle
Broward County Sherrif's                  Productivity Point International
Broward County Govt                       Publix
Miami Dade County Govt                    Service America
C & W Leasing                             Show Tenders
Ceridian Benefits                         Don Shula Inc
Cinnabar                                  Shula's Steak House
City of Coconut Creek                     Shula's Hotel and Golf Club
City of Orlando                           Shula's Steak House
City of Plantation                        Spherion
City of St. Petersburg                    Suncentury.com
Comcar Industries                         Sykes Enterprises
Elcotel                                   The Travel Zone.com
First National Bank of Florida            The Travel Zone.com
Graham Companies                          Umstead Auctioneers
GSN                                       Univision Holdings Inc
Home Shopping Network                     User Technology Group
IFC Holdings                              Watson Clinics
KidsNet                                   Westminster Academy
                                          MSE Technology

                                       15<PAGE>   1
                                                                 EXHIBIT 10(iii)

                            INDEMNIFICATION AGREEMENT

         This Indemnification Agreement dated as of this 1st day of August, 2000
("AGREEMENT"), is made and entered into by and between Elinear, Inc. f/k/a
Kinetiks.com, Inc., a Delaware corporation (the "COMPANY"), and the undersigned
consultant, officer and/or director of the Company (the "INDEMNITEE"):

         WHEREAS, competent and experienced persons are becoming increasingly
reluctant to serve publicly-held corporations as directors, officers, or in
other capacities (including consultants acting as agents of such corporations)
unless they are provided with adequate protection through liability insurance or
adequate indemnification against inordinate risks of claims and actions against
them arising out of their service to the corporation;

         WHEREAS, the current unavailability, inadequacy, and extraordinary cost
of adequate insurance and the uncertainties relating to indemnification have
increased the difficulty of attracting and retaining such persons;

         WHEREAS, the Indemnitee has in the past served as a consultant and
agent of the Company and currently serves as an officer and director of the
Company;

         WHEREAS, the Board of Directors of the Company (the "BOARD") has
determined that the inability to attract and retain such persons is detrimental
to the best interests of the Company's stockholders and that the Company should
act to assure certain consultants serving as agents of the Company (including
the Indemnitee) and such officer and director candidates that there will be
increased certainty of such protection in the future;

         WHEREAS, Section 145 of the Delaware General Corporation Law (the
"CORPORATE LAW") and the Company's Bylaws empower the Company to indemnify its
officers, directors, employees and agents by agreement and to indemnify persons
who serve, at the request of the Company, as directors, officers, employees or
agents or other corporations or enterprises, and Section 145 of the Corporate
Law expressly provides that the indemnification provided therein is not
exclusive;

         WHEREAS, it is reasonable, prudent and necessary for the Company
contractually to obligate itself to indemnify certain consultants serving as
agents of the Company including the Indemnitee and such officer and director
candidates to the fullest extent permitted by applicable law so that they will
serve or continue to serve the Company free from undue concern that they will
not be so indemnified; and

         WHEREAS, the Indemnitee is willing to serve, or continue to serve and
to take on additional service for or on behalf of the Company on the condition
that he or she be so indemnified.

                                       1
<PAGE>   2

         NOW, THEREFORE, for the reasons set forth hereinabove, and in
consideration of the mutual promises contained herein, and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Company and the Indemnitee do hereby covenant and agree as
follows:

         1. DEFINITIONS. For purposes of this Agreement:

         "CHANGE OF CONTROL" shall mean a change in control of the Company
occurring after the Effective Date (as hereinafter defined) of a nature that
would be required to be reported in response to Item 1 of the Current Report on
Form 8-K (or in response to any similar item on any similar schedule or form)
promulgated under the Securities Exchange Act of 1934 (the "ACT"), whether or
not the Company is then subject to such reporting requirement; provided,
however, that, without limitation, such a Change of Control shall be deemed to
have occurred if, after the Effective Date: (i) any "person" (as such term is
used in Sections 13(d) and 14(d) of the Act) is or becomes the "beneficial
owner" (as defined in Rule 13d-3 under the Act), directly or indirectly, of
securities of the Company representing fifty percent (50%) or more of the
combined voting power of the Company's then outstanding securities without the
prior approval of at least two-thirds of the members of the Board of Directors
in office immediately prior to such person attaining such percentage; (ii) the
Company is a party to a merger, consolidation, sale of assets or other
reorganization, or a proxy contest, as a consequence of which members of the
Board of Directors in office immediately prior to such transaction or event
constitute less than a majority of the Board of Directors thereafter; or (iii)
during any period of two consecutive years, individuals who at the beginning of
such period constituted the Board of Directors (including for this purpose any
new director whose election or nomination for election by the Company's
stockholders was approved by a vote of at least two-thirds of the directors then
still in office who were directors at the beginning of such period) cease for
any reason to constitute at least a majority of the Board of Directors.

         "CORPORATE STATUS" shall mean the status of a person who is or was a
director, officer, employee, agent, consultant or fiduciary of the Company or of
any other corporation, partnership, joint venture, trust, employee benefit plan
or other enterprise which such person is or was serving at the request of the
Company.

         "DISINTERESTED DIRECTOR" shall mean a director of the company who is
not and was not a party to the Proceeding (as hereinafter defined) in respect of
which indemnification is sought by the Indemnitee.

         "EFFECTIVE DATE" shall mean the date first above written.

         "EXPENSES" shall mean and include all reasonable attorneys' fees,
paralegal fees, retainers, amounts paid in settlement, court costs, transcript
costs, fees of experts, witness fees, travel expenses, duplicating costs,
printing and binding costs, telephone charges, postage, delivery service fees

                                       2
<PAGE>   3

and all other disbursements or expenses of the types customarily incurred in
connection with prosecuting, defending, preparing to prosecute or defend,
investigating, or being or preparing to be a witness in a proceeding.

         "INDEPENDENT COUNSEL" shall mean a law firm, or a member of a law firm,
that is experienced in matters of corporation law and neither presently is, nor
in the past five years has been, retained to represent: (i) the Company or the
Indemnitee in any matter material to either such party; or (ii) any other party
to the Proceeding giving rise to a claim for indemnification hereunder.
Notwithstanding the foregoing, the term "Independent Counsel" shall not include
any person who, under the applicable standards of professional conduct then
prevailing, would have a conflict of interest in representing either the Company
or the Indemnitee in an action to determine the Indemnitee's rights under this
Agreement.

         "PROCEEDING" shall mean and include any action, suit, arbitration,
alternate dispute resolution mechanism, investigation, administrative hearing or
any other proceeding whether civil, criminal, administrative or investigative,
whether or not initiated prior to the Effective Date, except a proceeding
initiated by the Indemnitee pursuant to Section 11 of this Agreement to enforce
the Indemnitee's rights under this Agreement.

         2. AGREEMENT TO SERVE. The Indemnitee agrees to serve as a director
and/or an officer of the Company. The Indemnitee may at any time and for any
reason resign from such position(s) (subject to any other contractual obligation
or any obligation imposed by operation of law). The Company shall have no
obligation under this Agreement to continue the Indemnitee's position with the
Company.

         3. INDEMNIFICATION - GENERAL. The Company shall indemnify and advance
Expenses to the Indemnitee as provided in this Agreement and to the fullest
extent permitted by applicable law in effect on the date hereof and to such
greater extent as applicable law may thereafter from time to time permit. The
rights of the Indemnitee provided under this Section shall include, but shall
not be limited to, the rights set forth in the other sections of this Agreement.

         4. THIRD PARTY ACTIONS. The Indemnitee shall be entitled to the rights
of indemnification provided in this Section 4 if, by reason of the Indemnitee's
Corporate Status, he or she is threatened to be made a party to any threatened,
pending or completed Proceeding, other than a Proceeding by or in the right of
the Company. Pursuant to this Section 4, the Indemnitee shall be indemnified
against Expenses, judgments, penalties, fines and amounts paid in settlement
actually and reasonably incurred by him or her on his or her behalf in
connection with any such Proceeding or any claim, issue or matter therein, if
the Indemnitee acted in good faith and in a manner he or she reasonably believed
to be in or not opposed to the best interests of the Company and, with respect
to any criminal Proceeding, had no reasonable cause to believe the Indemnitee's
conduct was unlawful.

         5. DERIVATIVE ACTIONS. The Indemnitee shall be entitled to the rights
of indemnification provided in this Section 5 if, by reason of the Indemnitee's

                                       3
<PAGE>   4

Corporate Status, the Indemnitee is threatened to be made a party to any
threatened, pending or completed Proceeding brought by or in the right of the
Company to procure a judgment in its favor. Pursuant to this Section 5, the
Indemnitee shall be indemnified against Expenses actually and reasonably
incurred by the Indemnitee on his or her behalf in connection with such
Proceeding if the Indemnitee acted in good faith and in a manner that the
Indemnitee reasonably believed to be in or not opposed to the best interests of
the Company. Notwithstanding the foregoing, no indemnification against such
Expenses shall be made in respect of any claim, issue or matter in such
Proceeding as to which the Indemnitee shall have been adjudged to be liable to
the Company, if applicable law prohibits such indemnification against Expenses;
provided, however, that the Company shall nevertheless indemnify the Indemnitee
against such expenses in such event if and only to the extent that the court in
which such Proceeding shall have been brought or is pending, shall determine are
reasonable and necessary.

         6. INDEMNIFICATION FOR EXPENSES OF THE INDEMNITEE. Notwithstanding any
other provision of this Agreement, to the extent that the Indemnitee is, by
reason of his or her Corporate Status, a party to and is successful on the
merits or otherwise in any Proceeding, the Indemnitee shall be indemnified
against all Expenses actually and reasonably incurred by him or her on his or
her behalf in connection therewith. If the Indemnitee is not wholly successful
in such Proceeding but is successful, on the merits or otherwise, as to one or
more but less than all claims, issues or matters in such Proceeding, the Company
shall indemnify the Indemnitee against all Expenses actually and reasonably
incurred by the Indemnitee on his or her behalf in connection with each
successfully resolved claim, issue or matter. For purposes of this Section 6,
and without limitation, the termination of any claim, issue or matter in such a
Proceeding by dismissal, with or without prejudice, shall be deemed to be a
successful result as to such claim, issue or matter.

         7. INDEMNIFICATION FOR EXPENSES OF A WITNESS. Notwithstanding any other
provision of this Agreement, to the extent that the Indemnitee is, by reason of
his or her Corporate Status, a witness in any Proceeding, the Indemnitee shall
be indemnified against all Expenses actually and reasonably incurred by the
Indemnitee on his or her behalf in connection therewith.

         8. ADVANCEMENT OF EXPENSES. The Company shall advance all reasonable
Expenses incurred by or on behalf of the Indemnitee in connection with any
Proceeding within twenty (20) days after the receipt by the Company of a
statement or statements from the Indemnitee requesting such advance or advances
from time to time, whether prior to or after final disposition of such
Proceeding. Such statement or statements shall reasonably evidence the Expenses
incurred by the Indemnitee and shall include or be preceded or accompanied by an
undertaking by or on behalf of the Indemnitee to repay any Expenses advanced if
it shall ultimately be determined that the Indemnitee is not entitled to be
indemnified against such Expenses.

         9. INDEMNIFICATION PROCEDURE.

                                       4
<PAGE>   5

                  (a) To obtain indemnification under this Agreement, the
Indemnitee shall submit to the Secretary of the Company (or to such other
officer as may be designated by the Board of Directors) a written request,
including therein or therewith such documentation and information as is
reasonably available to the Indemnitee and as is reasonably necessary to
determine whether and to what extent the Indemnitee is entitled to
indemnification. The Secretary or other designated officer of the Company shall,
promptly upon receipt of such a request for indemnification, advise the Board of
Directors in writing that the Indemnitee has requested indemnification.

                  (b) Upon written request by the Indemnitee for indemnification
pursuant to Section 9(a) hereof, a determination with respect to the
Indemnitee's entitlement thereto, if required by applicable law, shall be made
in the following specific cases: (i) if a Change of Control (as herein defined)
shall have occurred, by Independent Counsel (as herein defined) (unless the
Indemnitee shall request that such determination be made by the Board of
Directors or the stockholders, in which case by the person or persons or in the
manner provided in clauses (ii) or (iii) of this Section 9(b)) in a written
opinion to the Board of Directors, a copy of which shall be delivered to the
Indemnitee; (ii) if a Change of Control shall not have occurred, (A) by the
Board of Directors by a majority vote of a quorum consisting of Disinterested
Directors or (B) if a quorum of the Board of Directors consisting of
Disinterested Directors is not obtainable or, even if obtainable, such quorum of
Disinterested Directors so directs, by Independent Counsel in a written opinion
to the Board of Directors, a copy of which shall be delivered to the Indemnitee
or (C) if directed by the Directors, by the stockholders of the Company; or
(iii) as provided in Section 10(b) of this Agreement; and, if it is so
determined that the Indemnitee is entitled to indemnification, payment to or on
behalf of the Indemnitee shall be made within ten (10) days after such
determination. the Indemnitee shall cooperate with the person, persons or entity
making such determination with respect to the Indemnitee's entitlement to
indemnification, including providing to such person, persons or entity upon
reasonable advance request any documentation or information which is not
privileged or otherwise protected from disclosure and which is reasonably
available to the Indemnitee and reasonably necessary to such determination. Any
Expenses incurred by the Indemnitee in so cooperating with the person, persons
or entity making such determination shall be borne by the Company (irrespective
of the determination as to the Indemnitee's entitlement to indemnification) and
the Company hereby indemnifies and agrees to hold the Indemnitee harmless
therefrom.

                  (c) In the event the determination of entitlement to
indemnification is to be made by Independent Counsel pursuant to Section 9(b)
hereof, the Independent Counsel shall be selected as provided in this Section
9(c). If a Change of Control shall not have occurred, the Independent Counsel
shall be selected by the Board of Directors, and the Company shall give written
notice to the Indemnitee advising the Indemnitee of the identity of the
Independent Counsel so selected. If a Change of Control shall have occurred, the
Independent Counsel shall be selected by the Indemnitee (unless the Indemnitee
shall request that such selection be made by the Board of Directors, in which
event the preceding sentence shall apply), and the Indemnitee shall give written

                                       5
<PAGE>   6

notice to the Company advising it of the identity of the Independent Counsel so
selected. In either event, the Indemnitee or the Company, as the case may be,
may, within seven (7) days after such written notice of selection shall have
been given, deliver to the Company or to the Indemnitee, as the case may be, a
written objection to such selection. Such objection may be asserted only on the
ground that the Independent Counsel so selected does not meet the requirements
of "Independent Counsel" as defined in Section 1 of this Agreement, and the
objection shall set forth with particularity the factual basis of such
assertion. If such written objection is made, the Independent Counsel so
selected may not serve as Independent Counsel unless and until a court has
determined that such objection is without merit. If, within twenty (20) days
after submission by the Indemnitee of a written request for indemnification
pursuant to Section 9(a) hereof, no Independent Counsel shall have been selected
and not objected to, either the Company or the Indemnitee may petition the
Circuit Court of the State of Florida for the County of Hillsborough for
resolution of any objection which shall have been made by the Company or the
Indemnitee of the other party's selection of Independent Counsel and/or for the
appointment of Independent Counsel of a person selected by the court or by such
other person as the court shall designate, and the person with respect to whom
an objection is so resolved or the person so appointed shall act as Independent
Counsel under Section 9(b) hereof. The Company shall pay any and all reasonable
fees and Expenses of Independent Counsel incurred by such Independent Counsel in
connection with such Independent Counsel's obligations under Section 9(b)
hereof, and the Company shall pay all reasonable fees and Expenses incident to
the procedures of this Section 9(c), regardless of the manner in which such
Independent Counsel was selected or appointed. Upon the due commencement of any
judicial Proceeding pursuant to Section 11(a) of this Agreement, Independent
Counsel shall be discharged and relieved of any further responsibility in such
capacity (subject to the applicable standards of professional conduct then
prevailing).

         10. PRESUMPTIONS AND EFFECT OF CERTAIN PROCEEDINGS.

                  (a) If a Change of Control shall have occurred, in making a
determination with respect to entitlement to indemnification hereunder, the
person or persons or entity making such determination shall presume that the
Indemnitee is entitled to indemnification under this Agreement if the Indemnitee
has submitted a request for indemnification in accordance with Section 9(a) of
this Agreement, and the Company shall have the burden of proof to overcome that
presumption in connection with the making by any person, persons or entity of
any determination contrary to that presumption.

                  (b) If the person, persons or entity empowered or selected
under Section 9 of this Agreement to determine whether the Indemnitee is
entitled to indemnification shall not have made a determination within sixty
(60) days after receipt by the Company of the request therefor, the requisite
determination of entitlement to indemnification shall be deemed to have been
made and the Indemnitee shall be entitled to such indemnification absent: (i) a
misstatement by the Indemnitee of a material fact or an omission of a material

                                       6
<PAGE>   7

fact necessary to make the Indemnitee's statement not materially misleading in
connection with the request for indemnification; or (ii) a prohibition of such
indemnification under applicable law; provided, however, that such 60-day period
may be extended for a reasonable time, not to exceed an additional thirty (30)
days, if the person, persons or entity making the determination with respect to
entitlement to indemnification in good faith requires such additional time for
the obtaining or evaluating of documentation and/or information relating
thereto; and provided, further, that the foregoing provisions of this Section
10(b) shall not apply: (y) if the determination of entitlement to
indemnification is to be made by the stockholders pursuant to Section 9(b) of
this Agreement and if: (A) within fifteen (15) days after receipt by the Company
of the request for such determination the Board of Directors has resolved to
submit such determination to the stockholders for their consideration at an
annual meeting thereof to be held within seventy-five (75) days after such
receipt and such determination is made thereat; or (B) a special meeting of
stockholders is called within fifteen (15) days after such receipt for the
purpose of making such determination, such meeting is held for such purpose
within sixty (60) days after having been so called and such determination is
made thereat; or (z) if the determination of entitlement to indemnification is
to be made by Independent Counsel pursuant to Section 9(b) of this Agreement.

                  (c) The termination of any Proceeding or of any claim, issue
or matter therein, by judgment, order, settlement or conviction, or upon a plea
of nolo contendere or its equivalent, shall not (except as otherwise expressly
provided in this Agreement) of itself adversely affect the right of the
Indemnitee to indemnification or create a presumption that the Indemnitee did
not act in good faith and in a manner which he or she reasonably believed to be
in or not opposed to the best interests of the Company or, with respect to any
criminal Proceeding, that the Indemnitee had reasonable cause to believe that
his or her conduct was unlawful.

         11. REMEDIES OF THE INDEMNITEE.

                  (a) In the event that: (i) a determination is made pursuant to
Section 9 of this Agreement that the Indemnitee is not entitled to
indemnification under this Agreement; (ii) advancement of Expenses is not timely
made pursuant to Section 8 of this Agreement; (iii) the determination of
entitlement to indemnification is to be made by Independent Counsel pursuant to
Section 9(b) of this Agreement and such determination shall not have been made
and delivered in a written opinion within ninety (90) days after receipt by the
Company of the request for indemnification; (iv) payment of indemnification is
not made pursuant to Section 5 of this Agreement within ten (10) days after
receipt by the Company of a written request therefor; or (v) payment of
indemnification is not made within ten (10) days after a determination has been
made that the Indemnitee is entitled to indemnification or such determination is
deemed to have been made pursuant to Sections 9 or 10 of this Agreement, the
Indemnitee shall be entitled to an adjudication in an appropriate court of the
State of Florida, or in any other court of competent jurisdiction, of his or her

                                       7
<PAGE>   8

entitlement to such indemnification or advancement of expenses. The Indemnitee
shall commence such proceeding seeking an adjudication within one hundred eighty
(180) days following the date on which the Indemnitee first has the right to
commence such proceeding pursuant to this Section 11(a). The Company shall not
oppose the Indemnitee's right to seek any such adjudication.

                  (b) In the event that a determination shall have been made
pursuant to Section 9 of this Agreement that the Indemnitee is not entitled to
indemnification, any judicial Proceeding commenced pursuant to this Section 11
shall be conducted in all respects as a de novo trial on the merits and the
Indemnitee shall not be prejudiced by reason of that adverse determination. If a
Change of Control shall have occurred, in any judicial Proceeding commenced
pursuant to this Section 11, the Company shall have the burden of proving that
the Indemnitee is not entitled to indemnification or advancement of Expenses, as
the case may be.

                  (c) If a determination shall have been made or deemed to have
  been made pursuant to Sections 9 or 10 of this Agreement that the Indemnitee
  is entitled to indemnification, the Company shall be bound by such
  determination in any judicial Proceeding commenced pursuant to this Section
  11, absent: (i) a misstatement by the Indemnitee, of a material fact or an
  omission of a material fact necessary to make the Indemnitee's statement not
  materially misleading, in connection with the request for indemnification; or
  (ii) a prohibition of such indemnification under applicable law.

                  (d) The Company shall be precluded from asserting in any
  judicial Proceeding commenced pursuant to this Section 11 that the procedures
  and presumptions of this Agreement are not valid, binding and enforceable and
  shall stipulate in any such court that the Company is bound by all the
  provisions of this Agreement.

                  (e) In the event that the Indemnitee, pursuant to this Section
11, seeks a judicial adjudication to enforce his or her rights under, or to
recover damages for breach of, this Agreement, the Indemnitee shall be entitled
to recover from the Company, and shall be indemnified by the Company against,
any and all expenses (of the types described in the definition of Expenses in
Section 1 of this Agreement) actually and reasonably incurred by the Indemnitee
in such judicial adjudication, but only if he or she prevails therein. If it
shall be determined in said judicial adjudication that the Indemnitee is
entitled to receive part but not all of the Expenses sought, the Expenses
incurred by the Indemnitee in connection with such judicial adjudication shall
be appropriately prorated.

         12. NON-EXCLUSIVITY; SURVIVAL OF RIGHTS; INSURANCE; SUBROGATION.

                  (a) The rights of indemnification and to receive advancement
of Expenses as provided by this Agreement shall not be deemed exclusive of any
other rights to which the Indemnitee may at any time be entitled under
applicable law, the Company's Certificate of Incorporation, its Bylaws, any
agreement, a vote of stockholders or a resolution of directors, or otherwise. No
amendment, alteration or repeal of this Agreement or any provision hereof shall
be effective as to any the Indemnitee with respect to any action taken or

                                       8
<PAGE>   9

omitted by such the Indemnitee in his or her Corporate Status prior to such
amendment, alteration or repeal.

                  (b) To the extent that the Company maintains an insurance
policy or policies providing liability insurance for directors, officers,
employees, agents or fiduciaries of the Company or of another corporation,
partnership, joint venture, trust, employee benefit plan or other enterprise
which such person serves at the request of the Company, the Indemnitee shall be
covered by such policy or policies in accordance with its or their terms to the
maximum extent of the coverage available for any such director, officer,
employee or agent under such policy or policies.

                  (c) In the event of any payment under this Agreement, the
Company shall be subrogated to the extent of such payment as all of the rights
of recovery of the Indemnitee, who shall execute all papers required and take
all action necessary to secure such rights, including execution of such
documents as are necessary to enable the Company to bring suit to enforce such
rights.

                  (d) The Company shall not be liable under this Agreement to
make any payment of amounts otherwise indemnifiable hereunder if and to the
extent that the Indemnitee has otherwise actually received such payment under
any insurance policy, contract, agreement or otherwise.

                  (e) The Company may, to the fullest extent authorized by law,
create a trust fund, grant a security interest and/or use other means
(including, without limitation, letters of credit, surety bonds and other
similar arrangements) to ensure the payment of such amounts as may become
necessary to effect indemnification provided hereunder.

         13. DURATION OF AGREEMENT. This Agreement shall continue until and
terminate upon the later of: ten (10) years after the date that the Indemnitee
shall have ceased to serve as a director, officer, employee, agent or fiduciary
of the Company or of any other corporation, partnership, joint venture, trust,
employee benefit plan or other enterprise which the Indemnitee served at the
request of the Company; or the final termination of all pending Proceedings in
respect of which the Indemnitee is granted rights of indemnification or
advancement of Expenses hereunder and of any Proceeding commenced by the
Indemnitee pursuant to Section 11 of this Agreement relating thereto. This
Agreement shall be binding upon the Company and its successors and assigns and
shall inure to the benefit of the Indemnitee and the Indemnitee's heirs,
executors and administrators.

         14. SEVERABILITY. If any provision or provisions of this Agreement
shall be held to be invalid, illegal or unenforceable for any reason whatsoever:
(a) the validity, legality and enforceability of the remaining provisions of
this Agreement (including, without limitation, each portion of any Section of
this Agreement containing any such provision held to be invalid, illegal or
unenforceable, that is not itself invalid, illegal or unenforceable) shall not
in any way be affected or impaired thereby; and (b) to the fullest extent
possible, the provisions of this Agreement (including, without limitation, each

                                       9
<PAGE>   10

portion of any Section of this Agreement containing any such provision held to
be invalid, illegal or unenforceable that is not itself invalid, illegal or
unenforceable) shall be construed so as to give effect to the intent manifested
by the provision held invalid, illegal or unenforceable.

         15. EXCEPTIONS TO INDEMNIFICATION RIGHTS. Notwithstanding any other
provision of this Agreement, the Indemnitee shall not be entitled to
indemnification or advancement of Expenses under this Agreement with respect to
any Proceeding, or any claim therein, brought or made by the Indemnitee against
the Company.

         16. COUNTERPARTS. This Agreement may be executed in one or more
counterparts, each of which shall for all purposes be deemed to be an original
but all of which together shall constitute one and the same Agreement. Only one
such counterpart signed by the party against whom enforceability is sought needs
to be produced to evidence the existence of this Agreement.

         17. CAPTIONS. The headings of the paragraphs of this Agreement are
inserted for convenience only and shall not be deemed to constitute part of this
Agreement or to affect the construction thereof.

         18. AMENDMENT AND WAIVER. No supplement, modification or amendment of
this Agreement shall be binding unless executed in writing by both of the
parties hereto. No waiver of any of the provisions of this Agreement shall be
deemed or shall constitute a waiver of any other provisions of this Agreement.

         19. NOTICE BY THE INDEMNITEE. The Indemnitee agrees promptly to notify
the Company in writing upon being served with any summons, citation, subpoena,
complaint, indictment, information or other document relating to any Proceeding
or matter which may be subject to indemnification or advancement of Expenses
covered hereunder.

         20. NOTICES. All notices, requests, demands and other communications
hereunder shall be in writing and shall be deemed to have been duly given: (i)
if delivered by hand and receipted for by the party to whom said notice or other
communication shall have been directed, then when so delivered; or (ii) if
mailed by certified mail, return receipt requested, with postage prepaid, on the
third business day after the date on which it is so mailed:

                  If to the Indemnitee, to the address set forth immediately
following the Indemnitee's signature hereinbelow.

                  If to the Company, to: 10055 Westmoor Drive, Suite 230,
Westminster, CO 80021, Attention: Jon Ludwig, the Chief Executive Officer, or to
such other address as may have been furnished to the Indemnitee by the Company
or to the Company by the Indemnitee, as the case may be.

         21. GOVERNING LAW. The parties agree that this Agreement shall be
governed by, and construed and enforced in accordance with, the laws of the
State of Delaware, without giving effect to the principals of conflicts of laws.

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         22. GENDER. Use of the masculine pronoun shall be deemed to include
usage of the feminine pronoun where appropriate.

                                       11
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         IN WITNESS WHEREOF, the parties hereto have executed this
Indemnification Agreement on the day and year first above written.

                                            COMPANY:

                                            ELINEAR, INC.

                                            By:
                                               -------------------------------
                                               Jon Ludwig, its President

                                            INDEMNITEE:

                                       12

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