Document:

<PAGE>

                                                                EXHIBIT 10.17(v)
                       FOURTH AMENDMENT TO LOAN AGREEMENT

               THIS FOURTH AMENDMENT TO LOAN AGREEMENT, dated as of February 13,
2002 (this "Amendment"), is among DIEBOLD, INCORPORATED, an Ohio corporation
(the "Company"), the SUBSIDIARY BORROWERS (as defined in the Loan Agreement
referred to below) (together with the Company, the "Borrowers"), the lenders set
forth on the signature pages hereof (the "Lenders"), and BANK ONE, MICHIGAN, a
Michigan banking corporation, as agent for the Lenders (in such capacity, the
"Agent").

                                    RECITALS

               A.     The Borrowers, the Lenders party thereto and the Agent are
parties to a Loan Agreement dated December 1, 1999, as amended (the "Loan
Agreement").

               B.     The Borrowers desire to amend the Loan Agreement as set
forth herein, and the Agent and the Lenders are willing to do so in accordance
with the terms hereof.

                                      TERMS

               In consideration of the premises and of the mutual agreements
herein contained, the parties agree as follows:

               ARTICLE I.  AMENDMENTS.  Upon fulfillment of the conditions set
forth in Article III hereof, the Loan Agreement and the other Loan Documents
shall be amended as follows:

        1.1    Section 1.1 is amended as follows:

        (a)    The definition of "Facility Termination Date" is restated as
               follows:

               "Facility Termination Date" means the earlier to occur of (a)
        February 12, 2003 or (b) the date on which the Revolving Credit
        Commitments are terminated pursuant to Article VIII.

        (b)    The definition of "Total Debt" is amended by restating the
clause at the end of such definition which was added pursuant to the Second
Amendment as follows:

        "and Indebtedness consisting of avals by any of the Company's
        Subsidiaries for the benefit of, and with respect to obligations which
        are not classified as Indebtedness of, any of the Company's other
        Subsidiaries which are entered into in the ordinary course of business
        and consistent with standard business practices, shall not be considered
        part of Total Debt.

        1.2    Section 2.4 is amended by adding the following to the end
thereof: "The Aggregate U.S. Revolving Credit Commitments shall be automatically
reduced, ratably among the U.S. Revolving Credit Commitments, by the amount of
any Permitted Securitization Transaction facility entered into on or after

                                       50

<PAGE>

February 13, 2002 which, when aggregated with all other Permitted Securitization
Transaction facilities entered into on or after February 13, 2002, exceeds
$100,000,000, simultaneously with the closing of any such Permitted
Securitization Transaction facility."

        1.3    Reference in Section 2.16(a)(i)(A) to "$20,000,000" is deleted
and "$30,000,000" is substituted in place thereof.

        1.4    Reference in Section 2.16(a)(ii)(A) to "EUR10,000,000" is
deleted and "EUR15,000,000" is substituted in place thereof.

        1.5    Section 6.10(iii) is restated as follows:

               (iii) Any sale or other transfer of an interest in leases or
               lease receivables or accounts or notes receivables on a limited
               recourse basis, reasonably acceptable to the Agent, provided that
               (a) such sale or transfer qualifies as a sale under Agreement
               Accounting Principles, and (b) the aggregate outstanding amount
               of such financings in connection therewith shall not exceed the
               sum of the amount outstanding prior to February 13, 2002 plus
               $200,000,000 (any such sale or other transfer, a "Permitted
               Securitization Transaction").

        1.6    Reference in Section 6.11(iii) to "leases and lease receivables"
shall be deleted and "leases and lease receivables and accounts and notes
receivables" shall be substituted in place thereof.

        1.7    Reference in Section 6.12 to "leases or lease receivables" shall
be deleted and "leases or lease receivables or accounts or notes receivables"
shall be substituted in place thereof.

        1.8    Section 6.12 is amended by adding the following new clause (ix)
to the end thereof: "(ix) Liens in favor of financial institutions against bank
account deposits in foreign bank accounts at such financial institution granted
in the ordinary course of business and consistent with standard business
practices in such foreign jurisdiction, provided that such deposit account is
not a dedicated cash collateral account and is not subject to restrictions
against access by the Company or its Subsidiaries."

        1.9    Section 6.15 is amended by restating clause (ii) thereof as
follows: "(ii) Indebtedness outstanding on the date of this Agreement, but no
increase in the principal amount thereof, and Indebtedness consisting of avals
by any of the Company's Subsidiaries for the benefit of, and with respect to
obligations which are not classified as Indebtedness of, any of the Company's
other Subsidiaries which are entered into in the ordinary course of business and
consistent with standard business practices."

        1.10   The following new Section 13.3.3 is added to the Loan Agreement:

        13.3.3 (i)    Notwithstanding anything to the contrary contained
herein, any Lender (a "Designating Lender") may, with the prior written approval
of the Company (which approval shall not be unreasonably withheld), grant to one
or more special purpose funding vehicles (each, an "SPV", identified

<PAGE>

as such in writing from time to time by the Designating Lender to the Agent and
the Company, the option to provide to a Borrower all or any part of any Loan
that such Designating Lender would otherwise be obligated to make to such
Borrower pursuant to this Agreement, provided that (A) nothing herein shall
constitute a commitment by any SPV to make any Loan, (B) if any SPV elects not
to exercise such option or otherwise fails to provide all or any part of such
Loan, the Designating Lender shall be obligated to make such Loan pursuant to
the terms hereof, (C) the Designating Lender shall remain liable for any
indemnity or other payment obligation with respect to its Commitments hereunder
and (D) the Borrowers shall not incur any additional costs or expenses as a
result of any such grant by a Designated Lender to an SPV. The making of a Loan
by an SPV hereunder shall utilize the relevant Commitment of the Designating
Lender to the same extent, and as if, such Loan were made by such Designating
Lender.

        (ii)   As to any Loans or portion thereof made by it, each SPV shall
have all the rights that a Lender making such Loans or portion thereof would
have had under this Agreement; provided, however, that each SPV shall have
granted to its Designating Lender an irrevocable power of attorney, to deliver
and receive all communications and notices under this Agreement (and any related
documents) and to exercise on such SPV's behalf, all of such SPV's voting rights
under this Agreement. No additional Note shall be required to evidence the Loans
or portion thereof made by an SPV; and the related Designating Lender shall be
deemed to hold its Note as agent for such SPV to the extent of the Loans or
portion thereof funded by such SPV. In addition, any payments for the account of
any SPV shall be paid to its Designating Lender as agent for such SPV.

        (iii)  Each party hereto hereby agrees that no SPV shall be liable for
any indemnity or payment under this Agreement for which a Lender would otherwise
be liable. In furtherance of the foregoing, each party hereto hereby agrees
(which agreements shall survive the termination of this Agreement) that, prior
to the date that is one year and one day after the payment in full of all
outstanding commercial paper or other senior indebtedness of any SPV, it will
not institute against, or join any other person in instituting against, such SPV
any bankruptcy, reorganization, arrangement insolvency or liquidation
proceedings under the laws of the United States or any State thereof.

        (iv)   In addition, subject to Section 13.4, any SPV may, with the prior
written approval of the Company (which approval shall not be unreasonably
withheld), (A) at any time and without paying any processing fee therefor,
assign or participate all or a portion of its interest in any Loans to the
Designating Lender or to any financial institutions providing liquidity and/or
credit support to or for the account of such SPV to support the funding or
maintenance of Loans and (B) disclose on a confidential basis any non-public
information relating to its Loans to any rating agency, commercial paper dealer
or provider of any surety, guarantee or credit or liquidity enhancements to such
SPV. This 13.3.3 may not be amended without the written consent of any
Designating Lender affected thereby.

        1.11   (a) The Pricing Schedule attached as Exhibit A to the Loan
Agreement is replaced with the Pricing Schedule attached as Exhibit A hereto,
and (b) Schedule 1.1(a) attached to the Loan Agreement is replaced with Schedule
1.1(a) attached hereto.

        1.12   Notwithstanding anything in this Amendment, the Loan Agreement or
the other Loan Documents to the contrary:

        (a)    Subject to paragraph (b) below, all outstandings under the Loan
Agreement shall be re-allocated among Lenders, including the New Lender (as
hereinafter defined), on February 13, 2002 to give effect to the new Commitment
levels established hereunder, and the Agent and the Lenders, including the New
Lender, hereby make all appropriate assignments, purchases, assumptions and
adjustments among themselves on the
<PAGE>

date hereof to give effect to the new Commitment levels established hereunder
per Schedule 1.1(a). It is understood and agreed that all assignments,
purchases, assumptions and adjustments hereunder are made without recourse to
the assignor Lender and are subject to Section 1.13 below.

        (b)    In order to avoid the prepayment of Fixed Rate Advances that are
existing prior to February 13, 2002 (the "Existing Fixed Rate Advances"), (i)
only the Lenders other than the New Lender ( the "Original Lenders") shall
continue to participate in the Existing Fixed Rate Advances until the end of
their current Interest Periods, (ii) the outstandings as of February 13, 2002
that are acquired by the New Lender from the Original Lenders shall be limited
to Floating Rate Advances, shared among the Lenders in accordance with their
respective Commitment amounts, (iii) on and after February 13, 2002, all new
Fixed Rate Advances, including any continuations or conversions thereof, shall
be participated in by the New Lender, as well as the Original Lenders, in
accordance with their respective Commitment amounts after giving effect to this
Amendment and (iv) the Borrowers shall not be allowed to request any Advance
that would cause any Lender's Advances to exceed any of such Lender's
Commitments. If the Obligations are accelerated prior to the end of an Interest
Period for any Existing Fixed Rate Advance, the New Lender shall purchase from
the Original Lenders participations in the Existing Fixed Rate Advances
outstanding as of the date of such acceleration such that all Existing Fixed
Rate Advances are shared among the Lenders in accordance with their respective
Commitment amounts.

        1.13   Notwithstanding anything in the Loan Agreement to the contrary,
PNC Bank, National Association (the "New Lender") is hereby added as a Lender to
the Loan Agreement and shall for all purposes be a Lender party to the Loan
Agreement and any other Loan Document executed by the Lenders and shall have all
the rights and obligations of a Lender under the Loan Agreement and the other
Loan Documents to the same extent as if it were an original party thereto. The
New Lender hereby assumes an interest in and to all of the rights and
obligations of a Lender under the Loan Agreement and the other Loan Documents as
of the date hereof with Commitments equal to the amount set forth opposite its
name on Schedule 1.1(a) hereto. Neither the Agent nor any of the Lenders: (a)
makes any representation or warranty to the New Lender or assumes any
responsibility to the New Lender with respect to any statements, warranties or
representations made in or in connection with the Loan Agreement or the other
Loan Documents or the execution, legality, validity, enforceability,
genuineness, sufficiency or value of the Loan Agreement, any other Loan Document
or any other instrument or document furnished pursuant thereto, or the validity,
enforceability, perfection, priority, condition, value or sufficiency of any
collateral securing or purporting to secure the Loans or any mistake, error of
judgment, or action taken or omitted to be taken in connection with the Loans or
the Loan Documents; or (b) makes any representation or warranty or assumes any
responsibility with respect to the financial condition of the Company or any of
its Subsidiaries or the performance or observance by any Borrower or Guarantor
of any of its obligations under the Loan Agreement, any other Loan Documents or
any other instrument or document furnished pursuant thereto. The New Lender: (i)
confirms that it has received a copy of the Loan Agreement and the other Loan
Documents, together with copies of all financial statements and such other
documents and information as it has deemed appropriate to make its own credit
analysis and decision to enter into this Amendment; (ii) agrees that it will,
independently and without reliance upon the Agent or any other Lender and based
on such documents and information as it shall deem appropriate at the time,
continue to make its own credit decisions in taking or not taking action under
the Loan Agreement and the other Loan Documents; (iii) appoints and authorizes
the Agent to take such action as agent on its behalf and to exercise such powers
and discretion under the Loan Agreement and the other Loan Documents as are
delegated to the Agent by the terms thereof, together with such powers and
discretion as are reasonably incidental thereto; (iv) agrees that it will
perform in accordance with their terms all of the obligations that by the terms
of the Loan Agreement and the other Loan Documents are required to be performed
by it as a Lender and (v) makes all representations and warranties of an
assignee/purchaser under the Notice of Assignment and Assignment forms attached
to
<PAGE>

the Loan Agreement. The New Lender's address for notices is as set forth below
its signature on this Amendment.

        ARTICLE II.  REPRESENTATIONS.  Each of the Borrowers represents and
warrants to the Agent and the Lenders that:

        2.1    The execution, delivery and performance of this Amendment are
within its powers, have been duly authorized by existing board resolutions or
other necessary corporate action and are not in contravention of any statute,
law or regulation or of any terms of its Articles of Incorporation, Certificate
of Incorporation or By-laws or other charter documents, or of any material
agreement or undertaking to which it is a party or by which it is bound.

        2.2    This Amendment is the legal, valid and binding obligation of it,
enforceable against it in accordance with the terms hereof, except as
enforceability may be limited by bankruptcy, insolvency or similar laws
affecting the enforcement of creditors' rights generally and by general
principles of equity.

        2.3    After giving effect to the amendments contained herein, the
representations and warranties contained in Article V of the Loan Agreement are
true on and as of the date hereof with the same force and effect as if made on
and as of the date hereof, except to the extent any such representation or
warranty is stated to relate solely to an earlier date, in which case such
representation or warranty shall be true and correct on and as of such earlier
date.

        2.4    After giving effect to the amendments contained herein, no
Default or Unmatured Default exists or has occurred and is continuing on the
date hereof.

        ARTICLE III.  CONDITIONS OF EFFECTIVENESS.  This Amendment shall become
effective as of the date hereof when each of the following conditions is
satisfied:

        3.1    The Borrowers, the Lenders, the Swing Lender and the Agent shall
have signed this Amendment.

        3.2    The Guarantors shall have signed the consent and agreement to
this Amendment.

        3.3    The Borrowers shall have paid such amendment fees to the Agent
for the benefit of the Lenders in such amounts as separately agreed upon.

        ARTICLE IV.  MISCELLANEOUS.

        4.1    The Borrowers agree to pay an amendment fee to each Lender in an
amount equal to three basis points on the Dollar Equivalent Amount of the
aggregate amount of such Lender's Commitments, payable on the effective date of
this Amendment.

        4.2    References in the Loan Agreement or in any other Loan Document to
the Loan Agreement shall be deemed to be references to the Loan Agreement as
amended hereby and as further amended from time to time.

        4.3    Except as expressly amended hereby, each of the Borrowers agrees
that the Loan Agreement and the other Loan Documents are ratified and confirmed,
as amended hereby, and shall remain in full force
<PAGE>

and effect in accordance with their terms and that they are not aware of any set
off, counterclaim, defense or other claim or dispute with respect to any of the
foregoing. Terms used but not defined herein shall have the respective meanings
ascribed thereto in the Loan Agreement. This Amendment may be signed upon any
number of counterparts with the same effect as if the signatures thereto and
hereto were upon the same instrument, and telecopied signatures shall be
effective as originals.

        IN WITNESS WHEREOF, the parties signing this Amendment have caused this
Amendment to be executed and delivered as of the day and year first above
written.

                              DIEBOLD, INCORPORATED

                              By:  /s/ Gregory T. Geswein
                              Title: Senior Vice President & CFO

                              DIEBOLD INTERNATIONAL LIMITED

                              By:  /s/ Timothy J. McDannold
                              Title: Designated Financial Officer

                              DIEBOLD SELF-SERVICE SOLUTIONS S.a.r.l.,
                              GRANGES-PACCOT

                              By: /s/Timothy J. McDannold
                              Title: Designated Financial Officer

                              DIEBOLD AUSTRALIA PTY LTD

                              By: /s/Timothy J. McDannold
                              Title: Designated Financial Officer

                              DIEBOLD GLOBAL FINANCE CENTRE LIMITED

                              By: /s/Timothy J. McDannold
                              Title: Designated Financial Officer

                              BANK ONE, MICHIGAN, as Agent, Swing Lender,
                              Issuer and  Lender

                              By: /s/Glenn A. Currin
                              Title:  Director

                              KEYBANK NATIONAL ASSOCIATION

                              By: /s/Daniel W. Lally
                              Title:  Assistant Vice President

                              NATIONAL CITY BANK

                              By: /s/William R. McDonnell
                              Title:  Vice President

<PAGE>

                              ABN AMRO BANK N.V.

                              By: /s/Thomas Comfort
                              Title:  Senior Vice President

                              By: /s/Terrence J. Ward
                              Title:  Group Vice President

                              BANK OF AMERICA, N.A.

                              By:  /s/Philip Potter
                              Title:  Vice President

                              THE CHASE MANHATTAN BANK

                              By: /s/Henry W. Centa
                              Title:  Vice President

                              THE BANK OF NEW YORK

                              By:  /s/Kenneth R. McDonnell
                              Title:  Assistant Vice President

                              FIRSTAR BANK

                              By:  /s/David Dannemiller
                              Title:  Vice President

                              HSBC BANK USA

                              By:  /s/Cynthia M. Niesen
                              Title:  First Vice President

                              THE GOVERNOR AND COMPANY OF THE BANK
                              OF IRELAND

                              By:  /s/Edward Nagee
                              Title:  Director

                              By:  /s/Paul Clarke
                              Title:  Senior Manager

                              PNC BANK, NATIONAL ASSOCIATION

                              By:  /s/Joseph G. Moran
                              Title:  Vice President

<PAGE>

                              CONSENT AND AGREEMENT

        As of the date and year first above written, each of the undersigned
hereby:

        (a)    fully consents to the terms and provisions of the above
Amendment and the consummation of the transactions contemplated thereby;

        (b)    agrees that the Guaranty to which it is a party and each other
Loan Document to which it is a party are hereby ratified and confirmed and shall
remain in full force and effect, acknowledges and agrees that it has no setoff,
counterclaim, defense or other claim or dispute with respect the Guaranty to
which it is a party and each other Loan Document to which it is a party; and

        (c)    represents and warrants to the Agent and the Lenders that the
execution, delivery and performance of this Consent and Agreement are within its
powers, have been duly authorized and are not in contravention of any statute,
law or regulation or of any terms of its organizational documents or of any
material agreement or undertaking to which it is a party or by which it is
bound, and this Consent and Agreement is the legal, valid and binding
obligations of it, enforceable against it in accordance with the terms hereof
and thereof. Terms used but not defined herein shall have the respective
meanings ascribed thereto in the Loan Agreement.

                              DIEBOLD INVESTMENT COMPANY

                              By:  /s/Margaret Pulgini
                              Title: VP/Treasurer

                              DIEBOLD FINANCE COMPANY, INC.

                              By:  /s/Margaret Pulgini
                              Title: VP/Treasurer

                              DIEBOLD CREDIT CORPORATION

                              By:  /s/Charee Francis-Vogelsang
                              Title: Vice President and Secretary

                              DIEBOLD SST HOLDING COMPANY, INC.

                              By:  /s/Charee Francis-Vogelsang
                              Title: Vice President and Secretary

<PAGE>

                              DIEBOLD SELF-SERVICE SYSTEMS

                              By:  /s/Charee Francis-Vogelsang
                              Title: Secretary

                              DIEBOLD HOLDING COMPANY, INC.

                              By:  /s/Charee Francis-Vogelsang
                              Title: Assistant Secretary

                              DIEBOLD MEXICO HOLDING COMPANY, INC.

                              By:  /s/Charee Francis-Vogelsang
                              Title: Secretary

                              DIEBOLD LATIN AMERICA HOLDING COMPANY,
                              INC.

                              By:  /s/Charee Francis-Vogelsang
                              Title: Secretary

<PAGE>

                                    EXHIBIT A

                                PRICING SCHEDULE

        The Applicable Margin for Floating Rate Loans, Eurodollar Loans and
Multicurrency Loans, the Facility Fee payable pursuant to Section 2.5 and the
Letter of Credit Fee payable pursuant to Section 2.15.6 shall, subject to the
last sentence of this Exhibit A, be determined in accordance with the Pricing
Matrix set forth below based on the Company's Total Net Debt to Capitalization
Ratio in effect from time to time.

Pricing Matrix (in basis points)

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------
                                                                                                Applicable Eurodollar/
                                                                              Floating Rate    Eurocurrency Margin for
                                                                              Margin for       Revolving Credit Loans,
                     Total Net Debt to                                        Revolving        Multicurrency Loans and
Level               Capitalization Ratio                 Facility Fee         Credit Loans      Letter of Credit Fees
------------------------------------------------------------------------------------------------------------------------
<S>                 <C>                                  <C>                  <C>              <C>
I                      < 25%                                8.0 b.p.            0.0 b.p.             37.0 b.p.
------------------------------------------------------------------------------------------------------------------------
II                     > 25% but < 35%                      10.0 b.p.           0.0 b.p.             45.0 b.p.
                       -
------------------------------------------------------------------------------------------------------------------------
III                    > 35% but < 45%                      15.0 b.p.           0.0 b.p.             55.0 b.p.
                       -
------------------------------------------------------------------------------------------------------------------------
IV                     > 45%                                20.0 b.p.           0.0 b.p.             75.0 b.p.
                       -
------------------------------------------------------------------------------------------------------------------------
</TABLE>

        If the Aggregate Total Outstandings of all Lenders equals or exceeds 33%
of the Aggregate Commitments of all Lenders, the Eurodollar, Eurocurrency and
Letter of Credit Fee Applicable Margin will increase by 10 basis points at every
level on the Pricing Matrix.

        Such Applicable Margin shall be determined in accordance with the
foregoing Pricing Matrix based on the Company's level as reflected in the most
recent financial statements of the Company delivered pursuant to Section 6.1(i)
and (ii) of the Loan Agreement. Adjustments, if any, to the Applicable Margin
shall be effective 50 days after the end of each of the first three fiscal
quarters of each fiscal year of the Company and 95 days after the end of each
fiscal year of the Company, commencing with the first such day after the
Effective Date. If the Borrower fails to deliver the financials statements
required pursuant to Section 6.1(i) or (ii) at the time required or any other
Default has occurred and is continuing, then the Applicable Margin shall be the
highest Applicable Margin set forth in the foregoing Pricing Matrix until such
Default is cured or waived under the Agreement. Notwithstanding the foregoing,
the Applicable Margin for the period from and including February 13, 2002 until
it shall be adjusted for the first time after February 13, 2002 shall be the
Level I Applicable Margin described above.

<PAGE>

                                 SCHEDULE 1.1(a)

                                   COMMITMENTS

<TABLE>
<CAPTION>
                                        TITLE                                U.S. DOLLARS                    EUROS
                                        -----                                ------------                    -----
<S>                                     <C>                                  <C>                      <C>
Bank One, Michigan                      Administrative Agent                  $28,000,000              E22,000,000
                                                                                    (14%)              (14.66667%)

Key Bank National Association           Co-Syndication Agent                  $26,000,000              E16,000,000
                                                                                    (13%)              (10.66667%)

National City Bank                      Co-Syndication Agent                  $23,000,000              E18,000,000
                                                                                  (11.5%)                    (12%)

ABN Amro Bank, N.V.                     Documentation Agent                  $25,000,000              E15,000,000
                                                                                  (12.5%)                    (10%)

The Chase Manhattan Bank                                                      $18,000,000              E12,000,000
                                                                                     (9%)                     (8%)

The Bank of New York                                                          $18,000,000              E12,000,000
                                                                                     (9%)                     (8%)

Bank of America, N.A.                                                         $18,000,000              E12,000,000
                                                                                     (9%)                     (8%)

Firstar Bank                                                                  $15,000,000              E10,000,000
                                                                                   (7.5%)               (6.66667%)

PNC Bank, National Association                                                $15,000,000              E10,000,000
                                                                                   (7.5%)               (6.66667%)

HSBC Bank USA                                                                 $14,000,000              E11,000,000
                                                                                     (7%)               (7.33333%)

The Governor and Company of the Bank
of Ireland                                                                             $0              E12,000,000
                                                                                     (0%)                     (8%)

TOTAL                                                                        $200,000,000             E150,000,000
                                                                             ============            =============
</TABLE>

DETROIT  7-3312  639364-13<PAGE>
                                                                   Exhibit 10.13

                                        EQUIPMENT LEASE

This Equipment Lease (this "Lease") is made effective as of August 21,1998,
between Thomas P. Smith (the "Lessor"), 7500 E. Deer Valley Rd. #15, Scottsdale,
AZ 85255, and Taser International, Inc. (the "Lessee"), 7339 E. Evans Road,
Scottsdale, Arizona 85260, and states the agreement of the parties as follows:

EQUIPMENT SUBJECT TO LEASE. The Lessor shall lease the equipment listed on the
attached Exhibit"A".

PAYMENT TERMS. Payments in the amount of $1,556.05 shall be due on the first
day of each month, with the first payment due on September 25, 1998 and
terminate on August 25, 2013. The lease payments shall be due whether or not the
Lessee has received notice of a payment due.

SERVICE CHARGE. If any Lease installment is not paid within 10 day(s) after the
due date, the Lessee shall pay to the Lessor a service charge of 5% of the late
payment.

NON-SUFFICIENT FUNDS. The Lessee shall be charged $20.00 for each check that is
returned to the Lessor for lack of sufficient funds.

LEASE TERM. This Lease shall begin on the above effective date and shall
terminate on August 25, 2013, unless otherwise terminated in a manner consistent
with the terms of this Lease.

CARE AND OPERATION OF EQUIPMENT. The equipment may only be used and operated
in a careful and proper manner. Its use must comply with all laws, ordinances,
and regulations relating to the possession, use, or maintenance of the
equipment, including registration and/or licensing requirements, if any.

ALTERATIONS. Lessee shall make no alterations to the equipment without the
prior written consent of the Lessor.  All alterations shall be the property of
the Lessor and subject to the terms of this Lease.

MAINTENANCE AND REPAIR. The Lessee shall maintain at the Lessee's cost, the
equipment in good repair and operating condition, allowing for reasonable wear
and tear. Such costs shall include labor, material, parts, and similar items.

LESSOR'S RIGHT OF INSPECTION. The Lessor shall have the right to inspect the
equipment during Lessee's normal business hours.

RETURN OF EQUIPMENT. At the end of the Lease term, the Lessee shall be
obligated to return the equipment to the Lessor at the Lessee's expense.
<PAGE>
OPTION TO RENEW. If the Lessee is not in default upon the expiration of this
lease, the Lessee shall have the option to renew this Lease for a similar term
on such terms as the parties may agree at the time of such renewal.

ACCEPTANCE OF EQUIPMENT. The Lessee shall inspect each item of equipment
delivered pursuant to this Lease. The Lessee shall immediately notify the
Lessor of any discrepancies between such item of equipment and the description
of the equipment in the Equipment Schedule.  If the Lessee fails to provide
such notice before accepting delivery of the equipment, the Lessee will be
conclusively presumed to have accepted the equipment as specified in the
Equipment Schedule.

OWNERSHIP AND STATUS OF EQUIPMENT. The equipment will be deemed to be personal
property, regardless of the manner in which it may be attached to any other
property.  The Lessor shall be deemed to have retained title to the equipment
at all times, unless the Lessor transfers the title by sale.  The Lessee shall
immediately advise the Lessor regarding any notice of any claim, levy, lien, or
legal process issued against the equipment.

RISK OF LOSS OR DAMAGE. the Lessee assumes all risks of loss or damage to the
equipment from any cause, and agrees to return it to the Lessor in the
condition received from the Lessor, with the exception of normal wear and tear,
unless otherwise provided in this Lease.

INDEMNITY OF LESSOR FOR LOSS OR DAMAGES. Unless otherwise provided in this
Lease, if the equipment is damaged or lost, the Lessor shall have the option of
requiring the Lessee to repair the equipment to a state of good working order,
or replace the equipment with like equipment in good repair, which equipment
shall become the property of the Lessor and subject to this Lease.

LIABILITY AND INDEMNITY. Liability for injury, disability, and death of workers
and other persons caused by operating, handling, or transporting the equipment
during the term of this Lease is the obligation of the Lessor.  Lessor
shall maintain liability insurance of at least $1,000,000.00.  Payment for
Insurance shall be paid be Lessee.

CASUALTY INSURANCE. The Lessor shall insure the equipment in an amount of at
least $196,000.00. Payment for Insurance shall be paid by Lessee.

TAXES AND FEES. During the term of this Lease, the Lessee shall pay all
applicable taxes, assessments, and license and registration fees on the
equipment.

DEFAULT. The occurrence of any of the following shall constitute a default
under this Lease:

     A. The failure to make a required payment under this Lease when due.

     B. The violation of any other provision or requirement that is not
        corrected within

<PAGE>
        30 day(s) after written notice of the violation is given.

     C. The insolvency or bankruptcy of the Lessee.

     D. The subjection of any of Lessee's property to any levy, seizure,
     assignment, application or sale for or by any creditor or government
     agency.

RIGHTS ON DEFAULT. In addition to any other rights afforded the Lessor by law,
if the Lessee is in default under this Lease, without notice to or demand on
the Lessee, the Lessor may take possession of the equipment as provided by law,
deduct the costs of recovery (including attorney fees and legal
costs), repair, and related costs, and hold the Lessee responsible for any
deficiency. The rights and remedies of the Lessor provided by law and this
Agreement shall be cumulative in nature. The Lessor shall be obligated to
re-lease the equipment, or otherwise mitigate the damages from the default, only
as required by law.

NOTICE. All notices required or permitted under this Lease shall be deemed
delivered when delivered in person or by mail, postage prepaid, addressed to
the appropriate party at the address shown for that party at the beginning of
this Lease.

ASSIGNMENT. The Lessee shall not assign or sublet any interest in this Lease or
the equipment or permit the equipment to be used by anyone other than the
Lessee or Lessee's employees, without Lessor's prior written consent.

ENTIRE AGREEMENT AND MODIFICATION. This Lease constitutes the entire agreement
between the parties. No modification or amendment of this Lease shall be
effective unless in writing and signed by both parties. This Lease replaces
any and all prior agreements between the parties.

GOVERNING LAW. This Lease shall be construed in accordance with the laws of the
State of Arizona.

SEVERABILITY. If any portion of this Lease shall be held to be invalid or
unenforceable for any reason, the remaining provisions shall continue to be
valid and enforceable. If a court finds that any provision of this Lease is
invalid or unenforceable, but that by limiting such provision, it would become
valid and enforceable, then such provision shall be deemed to be written,
construed, and enforced as so limited.

WAIVER. The failure of either party to enforce any provision of this Lease
shall not be construed as a waiver or limitation of that party's right to
subsequently enforce and compel strict compliance with every provision of this
Lease.

CERTIFICATION. Lessee certifies that the application, statements, trade
references, and financial reports submitted to Lessor are true and correct and
any material misrepresentation will constitute a default under this Lease.
<PAGE>
ARBITRATION. Any controversy or claim relating to this Lease, including the
construction or application of this Lease, will be settled by binding
arbitration under the rules of the American Arbitration Association, and any
judgment granted by the arbitrator(s) may be enforced in any court of proper
jurisdiction.

Lessor:
Thomas P Smith

 /s/ Thomas P Smith
-------------------
Thomas P Smith

Lessee:
Taser International,Inc.

By: /s/ Patrick W. Smith
    --------------------
   Patrick W. Smith
   President

<PAGE>
                                   EXHIBIT A

                               EQUIPMENT SCHEDULE

Equipment Description: Cessna 414

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