Document:

Exhibit 10.3

                                    AGREEMENT

                                  BY AND AMONG

                               CAPCO ENERGY, INC.,

                              METEOR STORES, INC.,

                             METEOR INDUSTRIES, INC.

                             THE SOLE SHAREHOLDER OF

                               METEOR STORES, INC.

                                    AGREEMENT

     AGREEMENT, made this 31st day of December, 1999, by and among Capco Energy,
Inc., a Colorado  corporation  ("Purchaser"),  Meteor Stores, Inc. ("MSI" or the
"Company"),  a New Mexico  corporation,  and Meteor  Industries,  Inc., the sole
shareholder of MSI ("Shareholder").

     WHEREAS,  Purchaser  desires to acquire  all of the issued and  outstanding
stock of MSI, held by the Shareholder (the "Common Stock"),  in exchange for the
consideration and upon the terms described herein (the "Purchase"); and

     WHEREAS, the Shareholder desires to sell all of the outstanding Common
Stock of the Company; and

     WHEREAS,  Purchaser,  the Company and  Shareholder  desire to make  certain
representations,  warranties,  covenants and  agreements in connection  with the
Purchase  and also  desire to  prescribe  various  conditions  precedent  to the
Purchase;

    NOW,  THEREFORE,  in  consideration  of  the  mutual  promises,   covenants,
provisions,  and  representations  contained herein, THE PARTIES HERETO AGREE AS
FOLLOWS:

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                                  ARTICLE 1
                                THE PURCHASE

     1.1 Sale and  Delivery  of  Common  Stock.  Subject  to all the  terms  and
conditions of this Agreement, the Shareholder shall transfer, convey and deliver
to Purchaser at the Closing (as defined in paragraph 1.2 hereof) good,  valuable
and marketable title to the Common Stock, free and clear of all

liens,  claims  and  encumbrances  except  those  created by this  Agreement  in
exchange for the consideration described in this Article 1.

     1.2  Effective  Date and Closing.  The effective  date of this  transaction
shall  be  December  31,  1999  (the  "Effective  Date").  The  closing  of  the
transaction  contemplated  herein  (the  "Closing")  shall  occur at a  mutually
agreeable time and place, on the earliest  practicable date following the day on
which all of the  obligations  and  conditions  precedent  contained  herein are
complied  with.  The closing date shall be on or about  December 29, 1999,  or a
soon thereafter as reasonably practicable (the "Closing").

     1.3 Purchase Price.  Subject to adjustment pursuant to Section 1.4, subject
to the terms of Section 1.5 and subject to all of the other terms and conditions
set forth in the  Agreement and in reliance on the  representations,  warranties
and covenants hereinafter set forth,  Purchaser shall deliver to Shareholder the
amount of $1,596,400 (hereinafter referred to as the "Purchase Price").

     1.4  Adjustments.  The Total  Purchase  Price of the Common  Stock shall be
defined as $1,596,400. Such amount shall be adjusted as follows:

     (a) During the three month period  following the Closing,  Purchaser  shall
have an  independent  auditor  of its choice  audit  (using  generally  accepted
accounting  principles  and  practices;  fixed  assets and  inventories  and the
balance  sheet and income  statement of the Company as of December 31, 1999 (the
"Audit").  Such auditor  shall  present its audit report to  Shareholder  and to
Purchaser. If the audit report would result in a reduction of the purchase price
under  subsection (b) of this Section 1.4, below,  and if Shareholder  disagrees
with any portion of the audit report  which is material to any such  adjustment,
the  Shareholder  shall so notify the Purchaser in writing  within five (5) days
and, the parties shall attempt to resolve such  disagreement  through good faith
bargaining.  If the parties are not  successful in resolving  such  disagreement
through  bargaining  within  seven (7) days  following  Shareholder's  notice to
Purchaser,  the parties  shall submit the  disagreement  for  arbitration  under
Section 13.4 below.

     (b) If the  Purchaser's  Audit of the  Company  shows  that  the  Company's
shareholder's equity is less than $1,596,400 then the Total Purchase Price shall
be reduced by the amount of such shareholder's equity deficiency.

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<PAGE>

     1.5 Payment of Purchase  Price.  The total  Purchase Price shall be paid as
follows:

     (a) $250,000 of the total Purchase Price shall be paid to the  Shareholder,
by  certified  or bank  check or by  electronic  wire  transfer  of  immediately
available funds, at Closing.

     (b)  $1,100,000  shall be paid at Closing in the form of  366,667shares  of
Meteor common stock (the Meteor "Common Shares"). The Meteor Common Shares shall
be  transferred,  free and clear of all  liens,  claims  and  encumbrances.  Any
adjustments  under  Section  1.4 above in excess of  $246,400  will  result in a
refund of Common Shares using a price of $3.00 per share.

     (c)  $246,400  shall be paid on or before  March 31,  2000,  subject to any
adjustments in the purchase price under Section 1.4 above.

     1.6 Option to Repurchase  Meteor Common  Shares.  Purchaser  shall have the
right to repurchase all or part of the Meteor Common Shares transferred pursuant
to paragraph  1.5(b) at $3.00 per share plus .77% per month for each unexercised
month for eighteen  months.  These  repurchased  shares shall have  antidilutive
provisions.

                                   ARTICLE 2
                         REPRESENTATIONS AND WARRANTIES
                         OF THE COMPANY AND SHAREHOLDER

     As an inducement to the Purchaser to enter into this Agreement, the Company
and the Shareholder hereby represent and warrant to Purchaser that:

     2.1  Organization.  The Company is a corporation  duly  organized,  validly
existing,  and in good standing under the laws of New Mexico,  has all necessary
corporate powers to own its properties and to carry on its business as now owned
and operated by it, and is duly qualified to do business and is in good standing
in each of the states where its business requires qualification.

     2.2 Capital.  The authorized capital stock of the Company consists of 2,500
shares  common  stock,  no par value,  of which 2,500 shares of common stock are
issued and  outstanding  including  -0- shares  that are  currently  held in the
treasury of the Company. All of the issued and outstanding shares of the Company
are duly and  validly  issued,  fully  paid,  and  non-assessable.  There are no
outstanding subscriptions,  options, rights, warrants, debentures,  instruments,
convertible  securities,  or other  agreements  or  commitments  obligating  the
Company,  or any  subsidiary to issue or to transfer  from  treasury  additional
shares of its capital stock. Except for the common stock outstanding,  there are
no other  equity  securities  of the  Company.  No taxes  or other  payments  to
governmental  authorities  will be due from the  Purchaser  upon transfer of the
Common Stock as contemplated by this Agreement.

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<PAGE>

     2.3 Corporate  Books and Records.  The minute books of the Company  contain
accurate records of all meetings and accurately  reflect all other actions taken
by the Board of Directors  and the  shareholders  of the  Company.  Complete and
accurate  copies  of all such  minute  books and of the  stock  register  of the
Company have been made available by the Company for inspection by the Purchaser.
At the Closing,  all of those books and records will be in the possession of the
Company.

     2.4  Subsidiaries.  The Company does not have any  subsidiaries  or own any
interest in any other  enterprise,  except as  described in Exhibit 2.4 attached
hereto.

     2.5  Directors and Officers.  Exhibit 2.5 to this  Agreement,  contains the
names and titles of all directors and officers of the Company.

     2.6 Financial Statements.  Exhibit 2.6 to this Agreement, includes true and
complete  copies of the  unaudited  financial  statements of the Company for the
fiscal periods ended December 31,1998 and 1997,  together with all related notes
and schedules thereto. Prior to Closing an unaudited balance sheet as of October
31, 1999, and an unaudited  income  statement for the fiscal year ending October
31, 1999, shall be delivered to Purchaser and be included as part of Exhibit 2.6
(both sets of  financial  statements  are  hereinafter  referred  to as the "The
Company Financial Statements").  Except as set forth in Exhibit 2.6, the Company
Financial  Statements  shall have been  prepared in  accordance  with  generally
accepted  accounting  principals and practices of the United States (hereinafter
referred to as "GAAP").

Exhibit 2.6 sets forth certain year-end adjustments and tailoring  transactions,
which will be made and entered into to facilitate this Agreement.  As revised by
such adjustments and tailoring  transactions,  the Company Financial  Statements
are true,  accurate and complete,  and fairly present the financial  position of
the Company as of the dates and for the periods mentioned therein.

     2.7 Absence of Undisclosed  Liabilities.  As of the respective dates of the
Financial  Statements  included  in Exhibit  2.6,  the  Company did not have any
material  debt,  liability,  or  obligation  of  any  nature,  whether  accrued,
absolute, contingent or otherwise, and whether due or to become due, that is not
reflected in the Financial Statements.  As of the Closing Date, the Company does
not have  any  material  liabilities  not  disclosed  in the  Company  Financial
Statements,  other than as listed on Exhibit  2.7.  For purposes of this Section
2.7,  a  material   liability  shall  mean  a  liability  of  $25,000  or  more.
Notwithstanding  the definition of material liability in the preceding sentence,
total undisclosed liabilities shall not exceed $50,000.

     2.8 Taxes.  To the best  knowledge  and belief of  Shareholder,  within the
times and in the manner prescribed by law, the Company has filed all tax returns
required  by law and has paid  all  taxes,  assessments  and  penalties  due and
payable in the normal course of its business.  To the best  knowledge and belief
of  Shareholder,  the  provisions  for taxes,  if any,  reflected in the Company
Financial  Statements,  are reasonably adequate for taxes for the periods ending
on the date of such financial  statements and for all prior periods,  whether or
not disputed.

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<PAGE>

     2.9  Compliance  with  Laws.  To the best of  Shareholder's  knowledge  and
belief,  the Company is in compliance in all material  respects with, and is not
in  violation  of,  applicable  federal,  state,  or  local  statutes,  laws  or
regulations affecting its properties or the operation of its business.

     2.10 Litigation.  Except as shown on Exhibit 2.10 attached hereto,  (1) the
Company  is  not  a  party  to  any  suit,   action,   arbitration,   or  legal,
administrative or other  proceeding,  or governmental  investigation  pending or
threatened against or affecting the Company or its business, assets or financial
condition  (hereinafter  referred  to as  "Actions");  (2) the Company is not in
default with respect to any order,  writ,  injunction  or decree of any federal,
state, local or foreign court, department,  agency or instrumentality applicable
to them; (3) the Company is not engaged in any lawsuits to recover monies due to
it.

     2.11  Authority.  The Board of Directors of the Company has  authorized the
execution  of  this  Agreement  and  the   consummation   of  the   transactions
contemplated  herein,  and the  Company  and  Shareholder  have  full  power and
authority to execute, deliver and perform this Agreement and this Agreement is a
legal,  valid and binding  obligation  of the Company  and  Shareholder,  and is
enforceable in accordance with its terms.

     2.12  Ability to Carry Out  Obligations.  To the best of the  Shareholder's
knowledge  and belief and except as shown on Exhibit 2.12 attached  hereto,  the
execution and delivery of this Agreement by the Company and  Shareholder and the
performance by the Company and Shareholder of their  obligations  hereunder will
not cause,  constitute or conflict with or result in (a) any breach or violation
of  any of  the  provisions  of or  constitute  a  default  under  any  license,
indenture, mortgage, charter, instrument, articles of incorporation, by-laws, or
other  agreement or instrument  to which the Company is a party,  or by which it
may be bound,  nor will any consents or  authorizations  of any party other than
those  hereto be  required,  (b) an event  that  would  permit  any party to any
agreement  or  instrument  to  terminate  such  agreement  or  instrument  or to
accelerate the maturity of any  indebtedness or other obligation of the Company,
or (c) an event that would  result in the  creation or  imposition  of any lien,
charge, or encumbrance on any asset of the Company.  Purchaser  understands,  as
hereinafter  set forth,  upon  Closing  Shareholder  intends  and is entitled to
withdraw and cancel any  guaranties  executed by it to suppliers and banks.  The
withdrawal and cancellation of such guaranties by Shareholder,  as here in above
and here in after  referred to shall not  constitute  any breach or violation of
this Agreement by the Company or Shareholder.

     2.13 Validity of The Company Shares. The shares of the Company Common stock
to be delivered to Purchaser  pursuant to this  Agreement,  when  transferred in
accordance  with  the  provisions  of this  Agreement,  will be duly  authorized
validly issued, fully paid and non-assessable;  and free and clear of all liens,
claims and encumbrances.

     2.14 Assets. The Company has good and marketable and insurable title to all
its  property  and such  property  is not  subject to any liens,  claims  and/or
encumbrances  other than disclosed in Exhibit 2.6. Exhibit 2.14 hereto lists all
plant property and equipment of the Company with a value of $ 10,000.

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     2.15  Material  Contracts.  Exhibit 2.15 lists each  material  contract and
agreement  of  the  Company  (such  contracts  and  agreements   listed,   being
collectively referred to as "Material Contracts"). The Company has delivered, or
will  deliver  on or  about  the time of  execution  of this  Agreement,  to the
Purchaser correct and complete copies of all Material Contracts.

     2.16 Trade Names and Rights.  Except as set forth in Exhibit 2.16  attached
hereto,  the Company  owns all  trademarks,  service  marks,  trade  names,  and
copyrights required in its business. A list of trademarks,  service marks, trade
names and copyrights  owned by the Company is included in Exhibit 2.16. No other
person or entity owns any  trademark,  trademark  registration  or  application,
service mark, trade name,  copyright,  or copyright  registration or application
the use of which is  necessary  or  material in  connection  with the present or
contemplated operations of the Company's business.

     2.17  Employees.  There are,  except as disclosed in Exhibit 2.17  attached
hereto,   no  collective   bargaining,   bonus,   profit   sharing,   severance,
indemnification,  compensation  or other  agreements,  trusts,  funds,  plans or
arrangements  maintained by the Company or any subsidiary of the Company for the
benefit of its  directors,  officers or employees,  and there are no employment,
consulting,   severance   or   indemnification   arrangements,   agreements   or
understandings  between any of the  foregoing  and the  Company.  The  Company's
employee handbook or manual and a complete description of all employee benefits,
is  included  as  part of  Exhibit  2.17 as of the  effective  date.  All of the
Company's employees are at-will employees who have no rights to severance pay.

     2.18 Accounts  Receivable.  Except as covered by any allowance for doubtful
accounts  booked in the  normal  course of  business  in the  Company  Financial
Statements,  all accounts  receivable  of the Company,  including  those created
between  the  date  of the  Financial  Statements  and  the  Closing,  represent
transactions in the ordinary course of business, and are current and collectible
in the ordinary  course of business in the amounts  recorded on the Books of the
Company.

     2.19 Inventories. All inventories of the Company as of October 31, 1999 (to
be updated at Closing as of the  Effective  Date),  a complete  list of which is
attached  hereto as  Exhibit  2.19,  whether  or not  reflected  in the  Company
Financial  Statements,  are of a quality and quantity  usable and salable in the
ordinary course of business and comply in all material  respects with applicable
standards and regulations of governmental authorities.

     2.20  Accounts  Payable.  The  accounts  payable  reflected  on the Company
Financial  Statements,  and those  reflected  on the books of the Company at the
time of the  Effective  Date will,  reflect all  amounts  owed by the Company in
respect of trade accounts due and other payables.

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     2.21 Insurance. The Company has insurance policies in full force and effect
which provide for coverages  which are usual and customary in its business as to
amount and scope, and are adequate to protect the Company against any reasonably
foreseeable risk of loss. Such policies will not remain in full force and effect
subsequent  to Closing.  Exhibit 2.21  attached  hereto  identifies  each of the
Company's insurance policies, indicating the carrier, amount of coverage, annual
premium,  risks covered,  placing broker or agent,  and period through which the
policy is paid up and other relevant information as to each.

     2.22 Title to and  Utilization of Properties.  Exhibit 2.22 attached hereto
lists all of the Company  owned and leased  properties.  Except as  disclosed on
Exhibit  2.22,  the Company owns fee simple,  insured title to all real property
owned by it and has the unbridled fight to use the same, and is not aware of any
claim,  notice  or  threat  to the  effect  that  its  fight to own and use such
property is subject in any way to any  challenge,  claim,  assertion  of rights,
proceedings  toward  condemnation  or  confiscation  in whole or in part,  or is
otherwise  subject to  challenge.  The  Company  has valid  leases on its leased
properties  and the  expiration  dates of such leases are  disclosed  on Exhibit
2.22.

     2.23 Facilities.  To Shareholder's  best knowledge and belief,  the Company
facilities are (as to physical plant and structure)  structurally sound and none
of its  facilities,  nor any of the  vehicles  or  other  equipment  used by The
Company in  connection  with its business,  has any material  defects and all of
them are in all material respects in good operating condition and repair and are
adequate  for the  uses to  which  they  are  being  put.  None of such  plants,
structures,  or equipment is in need of maintenance  and repairs except ordinary
routine maintenance and repairs. Purchaser acknowledges that its representatives
have  inspected  such  facilities  and have  found  them to be sound and free of
obvious defects.

    2.24 Environmental and Other Permits and Licenses, Related Matters.

     (a) To Shareholder's best knowledge and belief, the Company currently holds
all  the  health  and  safety  and  other  permits,  licenses,   authorizations,
certificates,    exemptions   and   approvals   of   governmental    authorities
(collectively, "PERMITS"), including, without limitation, environmental permits,
necessary  for the  current  use,  occupancy  and  operation  of each  asset and
property of the Company and the conduct of its  business,  and all such  permits
and environmental permits are in full force and effect.  Neither the Company nor
any of the Shareholder has received any notice from any  governmental  authority
revoking, canceling,  rescinding,  materially modifying or refusing to renew any
permit or environmental  permit or providing  written notice of violations under
any  environmental  law which  have not been  resolved.  The  Company  is in all
material   respects  in   compliance   with  the  permits  and  all   applicable
Environmental Laws. Exhibit 2.24(a) identifies all permits that will require the
consent  of  any   governmental   authority  to  consummate   the   transactions
contemplated by this Agreement.

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<PAGE>

     (b) To Shareholder's best knowledge and belief, all equipment owned or used
by the  Company,  including,  but not  limited to above  ground  storage  tanks,
underground  storage  tanks,  and  piping  associated  with  such  tanks,  is in
substantial  compliance  with all  applicable  Permits  and  Environmental  Laws
including the Federal and State 1998 underground storage tank requirements,  and
can be operated in the  ordinary  course of business in  substantial  compliance
with all applicable Permits and Environmental Laws.

     (c) Except as disclosed in Exhibit  2.24(a):  (i) Hazardous  Materials have
not been generated,  used,  treated,  handled or stored on, or transported to or
from (other than petroleum products handled, stored or transported in the normal
course of  business),  or  released  on any owned real  property  or leased real
property by the Company,  and the Company and its Shareholder are unaware of any
such generation, use, treatment, handling, storage,  transportation,  or release
by any other person or entity,  including but not limited to any  predecessor in
interest;  (ii) the Company has reported  all Releases of Hazardous  Material in
accordance  with  Environmental  Laws;  (iii) the Company has not  Released  any
Hazardous  Materials,  and is not  responsible  or  liable  for any  Release  of
Hazardous Materials, which must be remediated under applicable Environmental Law
(including,  but not limited to, any Release  which  results in the  presence of
Hazardous  Materials in the  environment  in  quantities  or amounts that exceed
remediation  action levels specified by regulation or by governmental  policy or
guideline) or that any person or entity or governmental  authority has requested
or required  to be  remediated;  (iv) the  Company  has  disposed of all wastes,
including those containing Hazardous Materials,  in material compliance with all
applicable  Environmental Laws and environmental permits; (v) there are no past,
pending or  threatened  Environmental  claims  against the Company or any of its
assets or properties;  (vi) the Company has not  transported or arranged for the
transportation  of any  Hazardous  Materials to any  location  that is listed or
proposed  for listing on the  National  Priorities  List under  CERCLA or on the
CERCLIS or any analogous state list or which is the subject of any environmental
claim;  and  (vii)  neither  the  Company  nor  any  governmental  authority  is
conducting any remediation on or related to the owned real property,  the leased
real property or the business of the Company.

     (d) To Shareholder's best knowledge and belief,  Exhibit 2.24(d) sets forth
the age,  contents  or former  contents  of any  storage  tanks  located  on the
premises  owned or  operated  by the  Company.  Except as set  forth in  Exhibit
2.24(d) the Company has not owned or operated any  underground  storage tanks as
defined in the Resource  Conservation  and Recovery Act ("RCRA").  Except as set
forth in. Exhibit 2.24(d),  all tanks and pipes pertinent  thereto are presently
and have been in the past in good condition and tight.

     (e) To the best knowledge and belief of  Shareholder,  there are no wastes,
drums or  containers  disposed  of or buried  on, in or under the  ground or any
surface waters located on the premises currently or previously owned or operated
by the Company.  Neither the Company nor any third  parties have  disposed of or
buried any wastes, drums or containers on, in or under the ground or any surface
waters  located on the premises  owned or operated by the  Company.  Neither the
Company nor any party acting on behalf of the Company disposed of or buried,  or
arranged  to dispose of or bury,  any waste,  drums or  containers  in or on the
premises of a third party other than those  pursuant to and in  compliance  with
RCRA.

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     (f)  Certain  capitalized  terms used in this  Section  2.24 are defined as
follows:

     Hazardous  Materials - means (a) oil,  petroleum  and  petroleum  products,
radioactive  materials,  asbestos in any form that is or could  become  friable,
urea formaldehyde foam insulation,  transformers or other equipment that contain
polychlorinated biphenyls, and radon gas, (b) any other chemicals,  materials or
substances  defined as or included in the definition of "hazardous  substances,"
"hazardous  wastes,"  "hazardous   materials,"   "extremely  hazardous  wastes,"
"restricted   hazardous  wastes,"  "toxic   substances,"   "toxic   pollutants,"
"contaminants" or "pollutants," or words of similar import, under any applicable
Environmental Law, and (c) any other chemical, material or substance exposure to
which is regulated by any governmental authority.

     Environmental  Laws -  means  any law  including  but  not  limited  to any
federal, state, local, law, ordinance,  regulation or rule now in effect and any
judicial or  administrative  interpretation  thereof,  including any judicial or
administrative  order, consent decree or judgment,  relating to the environment,
health, safety or Hazardous Materials,  including,  without limitation,  CERCLA;
the Resource  Conservation  and  Recovery  Act, 42 U.S.C.  SS 6901 et seq.;  the
Hazardous  Materials  Transportation  Act, 49 U.S.C.  SS 6901 et seq.; the Clean
Water Act,  33 U.S.C.  SS 1251 et seq.;  the Toxic  Substances  Control  Act, 15
U.S.C.  SS 2601 et seq.; the Clean Air Act, 42 U.S.C.  SS 7401 et seq.; the Safe
Drinking Water Act, 42 U.S.C.  SS 300f et seq.; the Atomic Energy Act, 42 U.S.C.
SS 2011 et seq.;  the Federal  Insecticide,  Fungicide  and  Rodenticide  Act, 7
U.S.C. SS 136 et seq.; and the Federal Food, Drug and Cosmetic Act, 21 U.S.C. SS
301 et seq. and the state or local equivalents of these laws.

     Release  - means  disposing,  discharging,  injecting,  spilling,  leaking,
leaching, dumping, emitting,  escaping,  emptying, seeping, placing and the like
into or upon any land, water or air or otherwise entering into the environment.

     2.25  Customers and Suppliers.  Exhibit 2.25 lists all major  customers and
suppliers  which are material to the  financial  condition or  operations of the
Company.  Since October 31,1998,  except as disclosed in Exhibit 2.25, there has
been no adverse change in the business relationship of the Company with any such
customer or supplier.  It is understood and agreed that "material" customers and
suppliers  provided  for in this  section  are defined as  customers  purchasing
product from the Company in excess of $10,000 per year, and suppliers  providing
supplies and merchandise to the Company in the amount of $10,000 per year.

     2.26 Bank Accounts.  Exhibit 2.26 sets forth the names and locations of all
banks,  trust  companies,  savings  and loan  associations  and other  financial
institutions at which the Company  maintains  current accounts of any nature and
the  names  of all  persons  authorized  to draw  thereon  or  make  withdrawals
therefrom.

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                                   ARTICLE 3
                   REPRESENTATIONS AND WARRANTIES OF PURCHASER

     As an  inducement  to the  Company and the  Shareholder  to enter into this
Agreement,  the Purchaser represents and warrants to the Company and Shareholder
that:

     3.1  Organization.  Purchaser  is a  corporation  duly  organized,  validly
existing,  and in good standing under the law of  California,  has all necessary
corporate powers to own properties and to carry on its business as now owned and
operated by it, and is duly  qualified to do business and is in good standing in
each of the states were its business requires qualification.

     3.2 Capital. As of the date of this Agreement, the authorized capital stock
of Purchaser  consists of 150,000,000  shares of $.001 par value Common Stock of
which 1,000,000 shares of Common Stock are currently issued and outstanding, and
10,000,000  shares of preferred  stock $1.00 par value are  authorized  of which
292,947  shares are  currently  outstanding.  All of the issued and  outstanding
shares of Purchaser are duly and validly issued, fully paid and non-assessable.

     3.3  Authority.  The Board of  Directors of Purchaser  has  authorized  the
execution  of this  Agreement  and the  transactions  contemplated  herein,  and
Purchaser  has full power and  authority  to execute,  deliver and perform  this
Agreement  and this  Agreement  is the legal,  valid and binding  obligation  of
Purchaser, and is enforceable in accordance with its terms and conditions.

     3.4 Ability to Carry Out  Obligations.  Except as described in Exhibit 3.4,
the execution and delivery of this Agreement by Purchaser and the performance by
Purchaser of its obligations hereunder will not cause,  constitute,  or conflict
with or result in (a) any breach or  violation  of any of the  provisions  of or
constitute  a  default  under  any  license,   indenture,   mortgage,   charter,
instrument,   certificate  of  incorporation,   bylaw,  or  other  agreement  or
instrument to which Purchaser is a party, or by which it may be bound,  nor will
any consents or authorizations of any party other than those hereto be required,
(b) an event  that would  permit any party to any  agreement  or  instrument  to
terminate  it or to  accelerate  the  maturity  of  any  indebtedness  or  other
obligation  of  Purchaser,  or (c) an event that would result in the creation or
imposition of any lien, charge, or encumbrance on any asset of Purchaser.

     3.5  Directors  and Officers.  Exhibit 3.5 of this  Agreement  contains the
names and titles of all directors and officers of Purchaser.

     3.6 Other  information.  None of the  information  and documents which have
been furnished or made available by the Purchaser or any of its  representatives
to Seller or any of its  representatives  in  connection  with the  transactions
contemplated by this Agreement is materially false or misleading or contains any
material  misstatement of fact or omits any material fact necessary to be stated
in order to make the statements and information therein not misleading.

                                       10
<PAGE>

                                  ARTICLE 4
                                  COVENANTS

     4.1 Investigative  Rights. The Company shall provide to Purchaser,  and its
counsel, accountants, auditors, and other authorized representatives, reasonable
access to all of the Company's properties,  books, contracts,  commitments,  and
records  for the  purpose of  examining  the same.  The  Company  shall  furnish
Purchaser  with  all  information   concerning  its  affairs  as  Purchaser  may
reasonably request.  Without in any manner reducing or otherwise  mitigating the
representations  contained herein,  Purchaser and/or its  representatives  shall
have the opportunity to meet with accountants to discuss the financial condition
of the Company.

     4.2  Indemnification  of the Company and  Shareholder.  Purchaser  shall be
liable for and shall indemnify,  defend and hold the Company and the Shareholder
and its officers,  directors,  affiliates,  agents and the Shareholder  harmless
against and in respect of any and all claims, demands,  losses, costs, expenses,
obligations,   liabilities,  damages,  recoveries  and  deficiencies,  including
interest,  penalties,  and reasonable  attorney  fees,  that they shall incur or
suffer,  which  result  from or  relate  to any  activities  of the  Company  or
Purchaser  subsequent  to the Closing Date or which result from or relate to any
breach of, or  failure  by  Purchaser  to  perform  any of its  representations,
warranties,  covenants  or  agreements  in this  Agreement  or in any  schedule,
certificate,  exhibit  or  other  instrument  furnished  or to be  furnished  by
Purchaser under this Agreement.

     4.3  Indemnification  of Purchaser.  The Company and  Shareholder  shall be
liable  for and shall  agree to  indemnify,  defend and hold  Purchaser  and its
officers,  directors,  affiliates and agents harmless  against and in respect of
any and all claims, demands, losses, costs, expenses, obligations,  liabilities,
damages,  recoveries  and  deficiencies,   including  interest,  penalties,  and
reasonable  attorney fees,  that it shall incur or suffer,  which result from or
relate to any  breach  of, or  failure  by the  Company  to  perform  any of its
respective  representations,   warranties,  covenants  and  agreements  in  this
Agreement or in any exhibit, schedule, certificate or other instrument furnished
or to be furnished by the Company or Shareholder under this Agreement.

     4.4 Accounts Payable. With regard to all accounts payable and accrued taxes
as of the Effective Date, Purchaser will cause such amounts to be paid according
to the payment plan and/or  requirements  of the  creditor or taxing  authority,
without extension, delinquency or other material deviation from the payment term
and plan.  Purchaser shall, within fifteen (15) days after Closing,  arrange for
the release of Shareholder  and other key employees of the Company from personal
guarantees relating to the business of the Company.

                                       11
<PAGE>

     4.5 Shareholder's  Cooperation  After the Closing,  Further Action. At any,
time and from time to time after the Closing,  the Shareholder shall execute and
deliver to the Purchaser such other  instruments  and take such other actions as
the  Purchaser  may  reasonably  request more  effectively  to vest title to the
Shares in the  Purchaser  and, to the full extent  permitted  by law, to put the
Purchaser  in actual  possession  and  operating  control of the Company and its
assets,  properties  and the business.  Each of the parties hereto shall use all
reasonable efforts to take, or cause to be taken, all appropriate  action, do or
cause to be done all things  necessary,  proper or  advisable  under  applicable
laws,  and  execute and  deliver  such  documents  and other  papers,  as may be
required to carry out the  provisions of this  Agreement  and to consummate  and
make effective the transactions contemplated hereby.

                                ARTICLE 5
            CONDITIONS PRECEDENT TO PURCHASER'S PERFORMANCE

     5.1 Conditions.  Purchaser's  obligations hereunder shall be subject to the
satisfaction,  at or before the Closing, of all the conditions set forth in this
Article 5.  Purchaser  may waive any or all of these  conditions  in whole or in
part without prior notice;  so long as such waiver is in writing;  and provided,
however,  that no such  waiver  of a  condition  shall  constitute  a waiver  by
Purchaser of any other condition or any of Purchaser's other rights or remedies,
at law or in equity,  if the Company and Shareholder  shall be in default of any
of their representations, warranties, or covenants under this Agreement.

     5.2  Accuracy of  Representations.  Except as  otherwise  permitted by this
Agreement,  all representations and warranties by the Company and Shareholder in
this Agreement or in any written  statement that shall be delivered to Purchaser
by the Company under this Agreement  shall be true and accurate when made and on
and as of the  Closing  Date with the same  force  and  affect as if made at the
Closing.

     5.3 Performance.  Purchaser shall be reasonably  satisfied that the Company
and  Shareholder  shall  have  performed,   satisfied,  and  complied  with  all
covenants, agreements, and conditions required by this Agreement to be performed
or complied with by it, on or before the Closing Date.

     5.4 Absence of Litigation.  No action, suit, or proceeding before any court
or  any   governmental   body  or  authority,   pertaining  to  the  transaction
contemplated  by  this  Agreement  or  to  its  consummation,  shall  have  been
instituted or threatened against any party hereto on or before the Closing Date.

     5.5  Directors of the  Company.  Effective on the Closing Date the Board of
Directors of the Company shall be reorganized and be made up of four individuals
named by Purchaser.

                                       12
<PAGE>

  5.6 Closing  Documents.  The Company and the Shareholder  shall be prepared to
deliver the closing documents set forth in Article 6 of this Agreement.

     5.7 Officer's Certificate.  The Company shall have delivered to Purchaser a
certificate, dated the Closing Date, and signed by the President of the Company,
certifying that each of the special conditions  specified in Sections 6.2 hereof
have been fulfilled.

                                 ARTICLE 6
                    CONDITIONS PRECEDENT TO THE COMPANY'S
                        AND SHAREHOLDER'S PERFORMANCE

     6.1 Conditions. The Company's and Shareholder's obligations hereunder shall
be subject to the satisfaction,  at or before the Closing, of all the conditions
set forth in this Article 6. The Company and Shareholder may waive any or all of
these  conditions  in whole or in part  without  prior  notice;  so long as such
waiver is in writing; and provided,  however, that no such waiver of a condition
shall  constitute a waiver by the Company and Shareholder of any other condition
of or any of the  Company's or  Shareholder's  rights or remedies,  at law or in
equity,  if  Purchaser  shall  be in  default  of any  of  its  representations,
warranties, or covenants under this Agreement.

     6.2  Accuracy of  Representations.  Except as  otherwise  permitted by this
Agreement,  all representations and warranties by Purchaser in this Agreement or
in  any  written  statement  that  shall  be  delivered  to the  Company  and/or
Shareholder by Purchaser  under this Agreement shall be true and accurate on and
as of the Closing Date as though made at that time.

     (a) The Company shall deliver a signed  Consent or Minutes of the Directors
of the Company  approving this Agreement.  Such Minutes shall be certified by an
officer of the Company.

     (b) Each party shall deliver such other  documents or information  required
to be furnished by Closing pursuant to this Agreement.

                                   ARTICLE 7
                                 MISCELLANEOUS

     7.1  Captions  and  Headings.  The Article and  paragraph/section  headings
through this Agreement are for  convenience  and reference only, and shall in no
way be deemed to define,  limit,  or add to the meaning of any provision of this
Agreement.

     7.2 No Oral Change.  This  Agreement and any provision  hereof,  may not be
waived,  changed  modified,  or discharged  orally,  but it can be changed by an
agreement in writing signed by the party against whom enforcement of any waiver,
change, modification, or discharge is sought.

                                       13
<PAGE>

     7.3 Waiver. Except as otherwise expressly provided herein, no waiver of any
covenant, condition, or provision of this Agreement shall be deemed to have been
made  unless  expressly  in writing  and signed by the party  against  whom such
waiver is charged; and (i) the failure of any party to insist in any one or more
cases upon the performance of any of the provisions, covenants, or conditions of
this Agreement or to exercise any option herein contained shall not be construed
as a waiver or relinquishment for the future of any such provisions,  covenants,
or conditions

(ii) the acceptance of performance of anything  required by this Agreement to be
performed with knowledge of the breach or failure of a covenant,  condition,  or
provision  hereof  shall not be deemed a waiver of such breach or  failure,  and
(iii) no waiver by any party of one breach by another  party shall be  construed
as a waiver with respect to any other or subsequent breach.

     7.4 Entire  Agreement.  This  Agreement  contains the entire  Agreement and
understanding  between the parties hereto,  and supersedes all prior  agreements
and understandings.

     7.5 Choice of Law. This Agreement and its application  shall be governed by
the laws of the State of Colorado.

     7.6 Counterparts.  This Agreement may be executed  simultaneously in one or
more counterparts,  each of which shall be deemed an original,  but all of which
together shall constitute one and the same instrument.

     7.7 Notices. All notices, requests, demands, and other communications under
this  Agreement  shall be in writing and shall be deemed to have been duly given
on the date of receipt if served personally on the party to whom notice is to be
given, by telecopy or telegram, or mailing if mailed to the party to whom notice
is to be given, by first class mail,  registered or certified,  postage prepaid,
and properly addressed as follows:

Purchaser:     CAPCO ENERGY, INC.
               2922 CHAPMAN AVENUE, SUITE 202
               ORANGE, CA 92869
               ATTENTION: IMRAN, JATTALA, VICE PRESIDENT

Shareholder:   METEOR INDUSTRIES, INC.
               1401 BLAKE STREET, SUITE 200
               DENVER, COLORADO 80202

The Company:   METEOR STORES, INC.
               1401 BLAKE STREET, SUITE 200
               DENVER, CO 80202

                                       14
<PAGE>

     7.8 Binding  Effect.  This Agreement shall inure to and be binding upon the
heirs, executors,  personal  representatives,  successors and assigns of each of
the parties to this Agreement.

     7.9 Mutual Cooperation.  The parties hereto shall cooperate with each other
to achieve  the  purpose of this  Agreement,  and shall  execute  such other and
further documents and take such other and further actions as may be necessary or
convenient to effect the transaction described herein.

     7.10 Brokers. Each of the parties hereto shall indemnify and hold the other
harmless against any and all claims,  losses,  liabilities or expenses which may
be asserted  against it as a result of its dealings,  arrangements or agreements
with any broker, finder or person.

     7.11 Announcements. Purchaser, Shareholder and the Company will consult and
cooperate with each other as to the timing and content of any  announcements  of
the  transactions  contemplated  hereby to the general  public or to  employees,
customers or suppliers. Except to the extent that the parties consent in writing
otherwise, no party to this Agreement shall make, or cause to be made, any press
release or public  announcement in respect of this Agreement or the transactions
contemplated hereby or otherwise communicate with any news media.  Nevertheless,
the parties  agree that the  Purchaser or an affiliate of the Purchaser may make
such disclosure (on Form 8-K, by press release or otherwise) regarding the terms
of this Agreement and the transactions contemplated hereby as it deems necessary
to comply with  applicable  securities  laws or the rules and regulations of the
NASDAQ, including a press release following the execution of this Agreement.

     7.12  Expenses.  Except as  specifically  provided in this  Agreement,  all
direct costs and expenses including legal, and any other out-of-pocket  expenses
incurred by Shareholder,  in connection with this transaction,  shall be paid by
the  Shareholder.  All costs and expenses  including  legal,  accounting and any
other out-of-pocket expenses incurred by the Purchaser,  in connection with this
transaction, shall be paid by the Purchaser.

     7.13  Survival  of  Representations  and  Warranties.  Except as  otherwise
provided in this Section 9.13, the  representations,  warranties,  covenants and
agreements  of the parties  set forth in this  Agreement  or in any  instrument,
certificate,  opinion,  or other writing  providing for in it, shall survive the
Closing for a period of one year irrespective of any investigation made by or on
behalf of any party.

     7.14 Assignment.  This Agreement may not be assigned by operation of Law or
otherwise by the Shareholder, the Company or the Purchaser.

     AGREED TO AND ACCEPTED as of the date first above written.

PURCHASER: CAPCO ENERGY, INC.           SHAREHOLDER: METEOR INDUSTRIES, INC.

    /s/ Ilyas Chaudhary                 /s/ Dennis R. Staal, Director
By -----------------------         By  ----------------------------------

SELLER: METEOR STORES, INC.

   /s/ Paul W. Greaves, President
By -------------------------------

                                       15Exhibit 10.4

                                                   OneStopPlaza.com
                                               7908 Sierra Vista Street
                                              Rancho Cucamonga, CA 91730
                                        Phone: (909) 981-3453 Fax (909) 981-3793

August 23, 2000

Capco Energy, Inc.
2922 E. Chapman Ave., # 202, Orange, CA 92869

Re.:     Letter Agreement to Acquire Sixty-five Percent (65%) Equity Position
         in Meteor Stores, Inc., a New Mexico Corporation ("MSI").

Gentlemen:

Pursuant to several previous  conversations and negotiations,  OneStopPlaza.Com,
Inc.  ("OSPC") (the "Buyer")  hereby agrees to acquire an equity position in MSI
from Capco,  Energy,  Inc.  ("CEI")  (the  "Seller").  This Letter  Agreement is
contingent  upon  acceptance of the following  terms and conditions by the Buyer
and Seller:

     o    Scope of  Acquisition:  Sixty-five  percent (65%) of MSI common stock,
          which is currently owned and held by CEI.

     o    Purchase Price:  The Purchase Price for the stock shall be one million
          seventy-five  thousand US dollars  ($1,075,000).  The  purchase  Price
          shall be paid as following:  $215,000 in cash and stock of which fifty
          thousand  dollars shall be in form of cash upon signing of this Letter
          Agreement by the Seller,  Buyer and MSI. Also, the Buyer shall cause a
          transfer or  surrender  of 132,000  shares of CEI common stock to CEI.
          The balance of the Purchase Price in the amount of eight hundred sixty
          thousand dollars ($860,000) shall be paid by December 31, 2000. During
          the  term  of  the  Note,   which   will  be  secured  by  MSI  stock,
          interest-only  payments shall be made on quarterly basis. The interest
          rate  shall  be 9%  annually  on the  unpaid  principal  balance.  The
          interest payments to CEI shall be current with in 30 days of Closing.

     o    Effective  Date and Control:  The effective  date of this  transaction
          shall be January  1, 2000 and the Buyer  shall be deemed in control of
          the  management of MSI as of that date.  CEI's equity  position in MSI
          shall be for investment purposes only.

     o    Closing:  The  Closing  shall  be  deemed  to have  taken  place  upon
          execution  of this  agreement  and the  payment  of the cash and stock
          portion of the purchase price.

<PAGE>

     o    Basis  for  Purchase  Price   Determination:   The  attached  schedule
          ("Exhibit A") was used for determination of the Purchase Price.

     o    Financial  Statements:  Subject to adjustments noted elsewhere in this
          Letter Agreement and other  adjustments that are necessary in ordinary
          course of  business,  MSI' s financial  statements  as of December 31,
          1999 shall set out corporations  assets,  liabilities and equity. Such
          financial  statements  shall be made part of this Letter Agreement and
          attached as Exhibit B.

     o    CEI's Disclaimer and  Assignments:  It is understood that the Buyer is
          conducting this  transaction on "as is, where is" basis.  CEI will not
          be held  responsible  for any actions  and / or claims  arising out of
          this  transaction.  MSI  shall  continue  to be  entitled  to all  the
          adjustments  that  are  due  from  Meteor  Industries,   Inc.  ("MMI")
          resulting  from CEI' s acquisition of MSI from MMI.  Further,  in this
          regard, CEI will make assignments in favor of MSI for all of the MSI's
          rights as per acquisition contract(s) between CEI and MMI.

     o    Default Terms: In the event of a default by the Buyer,  CEI shall have
          the right to  foreclose  against  the  security  unless  the  interest
          payment is made and the default is fully  cured  within 60 days of the
          default date.

     o    Officers and Directors:  MSI's board shall consist of three directors.
          The Seller, at its own discretion, shall have the right to appoint one
          director  to the MSI  board.  The Buyer  shall  appoint  the other two
          directors.  If the Seller declines to exercise this right at any time,
          the Buyer shall inherit that right there forward.

     o    Adjustments and Inter-Company  Accounts:  CEI shall re-assume the note
          payable to MII regarding the Petrosantander transaction.  All accounts
          among  the  Seller  and MSI  containing  pre and post  Effective  Date
          transactions  ("Inter-company  Accounts")  shall  be  reconciled.  The
          Seller  shall   reimburse   MSI  for  all   balances   owed  to  clear
          Inter-company Accounts with 30 days from the Closing date. Such period
          may be extended by a mutual agreement.

     o    Post  Closing  Adjustments  and  Actions:  Any  and all  post  closing
          adjustments  shall be resolved  within 120 days from the closing  date
          unless  such 120 days  period is waived  and or  extended  by a mutual
          agreement  among the Seller and Buyer.  CEI shall  obtain a release on
          all of MSI's  common  stock  except for their 35%  position in the MSI
          common  stock  from any party / parties  where MSI stock may have been
          pledged as a collateral.

<PAGE>

        When fully Signed in the spaces  provided below,  this Letter  Agreement
shall be binding upon the Buyer, Seller, and MSI.

     Agreed to and accepted:                 Agreed to and accepted:
     Capco Energy, Inc.                      OneStopPlaza.Com, Inc.

     /s/ Ilyas Chaudhary                     /s/ Imran Jattala
     ----------------------------            --------------------------
     By: Ilyas Chaudhary                     By: Imran Jattala
     Its President                           Its: President
     Date: 9/27/00                           Date: 9/27/00

     Agreed to and accepted:

     Meteor Stores, Inc.

    /s/ Imran Jattala
    ----------------------
    By:  Imran Jattala
    Its President
    Date: 09/27/00

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