Document:

SEPARATION AGREEMENT

         This Separation Agreement (the "AGREEMENT") is entered into effective
as of March 26, 2001 by and between IGO CORPORATION, a Delaware corporation (the
"COMPANY"), and KENNETH W. HAWK, an individual ("HAWK").

                  WHEREAS, Hawk has been employed by the Company as its
         President and Chief Executive Officer; and

         WHEREAS, Hawk wishes to submit his resignation and in connection
therewith, the Company and Hawk have mutually agreed to enter or modify such
other relationships as are set forth herein;

         NOW, THEREFORE, the parties agree as follows:

         1. TERMINATION. The Company and Hawk acknowledge and agree that Hawk
hereby resigns from his employment with the Company and from his positions as
President, Chief Executive Officer, Chief Energizing Officer and Chairman of the
Board of Directors, all effective March 26, 2001 (the "RESIGNATION DATE"). Hawk
is NOT hereby resigning his position on the Company's Board of Directors.

         2. CONSIDERATION. The Company shall provide to Hawk the following:

                  (a) A lifetime employee discount (if and to the extent that
the Company maintains one in its discretion) on products purchased from the
Company or its subsidiaries by Hawk; provided that this privilege is extended
with the intention that such products be used primarily by Hawk or his family
and the privilege shall specifically not apply to any products purchased for
resale purposes (cash or barter);

                  (b) A one-year consulting arrangement providing for certain
periodic payments beginning during the month following the date of this
Agreement in return for Hawk's consulting services to the Company under the
terms set forth in the Consulting Agreement attached as EXHIBIT A hereto (the
"CONSULTING AGREEMENT");

                  (c) A restructuring of Hawk's existing indebtedness to the
Company on the terms set forth in Section 3 below; and

                  (d) Ownership of the used IBM Thinkpad laptop computer
utilized by Hawk in the course of his employment immediately prior to the
Resignation Date (all right, title and interest to which is hereby assigned to
Hawk by the Company).

<PAGE>

         3. DEBT RESTRUCTURING. The parties agree that as of the date of this
Agreement, Hawk is indebted to the Company in the aggregate principal amount of
$345,952.00, plus interested accrued to date. Such indebtedness is represented
by (a) a Secured Promissory Note dated June 13, 1996 in the original principal
amount of $39,852.00 (the "FIRST NOTE"), and its associated Restricted Stock
Purchase Agreement dated June 14, 1996 (together with the First Note, the "1996
LOAN DOCUMENTS"), and (b) a Secured Note dated January 2, 2001 in the original
principal amount of $306,100.00 (the "SECOND NOTE"), and its associated Secured
Loan Agreement and Security Agreement of the same date (together with the Second
Note, the "2001 LOAN DOCUMENTS"). The parties hereby agree that the 1996 Loan
Documents and the 2001 Loan Documents will be superceded and replaced in their
entirety by Hawk's delivery of the Secured Note attached as EXHIBIT B hereto
(the "NEW NOTE") and the Security Agreement attached as EXHIBIT C hereto (the
"NEW SECURITY AGREEMENT"), and his compliance with the terms thereof. Upon
Hawk's delivery of the New Note and New Security Agreement, together with all
pledged stock certificates and any consents or assignments called for therein,
the 1996 Loan Documents and the 2001 Loan Documents will be deemed terminated
and of no further force or effect.

         4. BENEFITS.

                  (a) Hawk shall have only those rights to continued employee
benefit coverage that may be provided by applicable law (e.g. COBRA) or as may
be otherwise specifically provided for in the Company's existing insurance
coverage.

                  (b) The Company shall pay Hawk for accrued but unused vacation
time through the Resignation Date.

                  (c) The Company will promptly reimburse Hawk for any properly
documented iGo business expenses pursuant to expense reports submitted on or
before March 31, 2001.

         5. RELEASE OF CLAIMS. Hawk agrees that the foregoing consideration
represents settlement in full of all outstanding obligations owed to Hawk by the
Company. Hawk, on behalf of himself and his heirs, executors and assigns, hereby
fully and forever releases the Company and its officers, directors, employees,
investors, stockholders, predecessor and successor corporations and assigns from
any claim, duty, obligation or cause of action relating to any matters of any
kind, whether known or unknown, that he may possess arising from any omissions,
acts or facts that have occurred up until and including the Resignation Date.

         The Company and Hawk agree that the release set forth in this section
shall be and remain in effect in all respects as a complete general release as
to the matters released. NOTWITHSTANDING THE FOREGOING, THIS RELEASE DOES NOT
EXTEND TO ANY OBLIGATIONS INCURRED UNDER, OR BREACHES OF, THIS AGREEMENT OR THE
CONSULTING AGREEMENT THAT MAY ARISE AFTER THE RESIGNATION DATE. FURTHERMORE,
NOTHING HEREIN SHALL OPERATE AS A RELEASE OF ANY OBLIGATION OF THE COMPANY
PURSUANT TO THE INDEMNIFICATION AGREEMENT DATED AUGUST 31, 1999 BETWEEN HAWK AND
THE COMPANY (THE "INDEMNIFICATION AGREEMENT").

         6. NON-SOLICITATION. Hawk agrees that until one year after the
Resignation Date, he will not directly or indirectly solicit or attempt to
solicit any person employed by the Company to terminate or otherwise cease his
or his employment with the Company or interfere in any manner with the
contractual or employment relationship between the Company and any customer,
vendor or employee of the Company.

                                      -2-
<PAGE>

         7. NONDISCLOSURE OF CONFIDENTIAL AND PROPRIETARY INFORMATION. Hawk
shall continue to maintain the confidentiality of all confidential and
proprietary information of the Company as provided by the separate Employment,
Confidential Information, Invention Assignment, and Arbitration Agreement
previously entered into between the Company and Hawk (the "EMPLOYEE
CONFIDENTIALITY AGREEMENT"), which will survive the termination of Hawk's
employment. Hawk agrees that he will immediately return all the Company's
property and confidential and proprietary information in his possession to the
Company.

         8. BREACH OF THIS AGREEMENT. The Company and Hawk acknowledge that upon
breach of the non-solicitation and confidential and proprietary information
provisions contained in Sections 6 and 7 of this Agreement, or the
Non-Disparagement provisions set forth in Section 9 of this Agreement, the
Company or Hawk would sustain irreparable harm from such breach, and, therefore,
the Company and Hawk agree that in addition to any other remedies which the
Company and Hawk may have under this Agreement or otherwise, the Company or Hawk
shall be entitled to obtain equitable relief, including specific performance and
injunctions, restraining the Company or Hawk from committing or continuing any
such violation of this Agreement.

         9. NON-DISPARAGEMENT. Each party agrees to refrain from any
disparagement, defamation or slander of the other (or the other's officers,
directors or employees, if applicable), or tortious interference with the
contracts and relationships of the other. The Company agrees not to represent
the nature of Hawk's departure from the Company as any form of involuntary
termination.

         10. NO RELIANCE. Each party represents that it has carefully read and
understands the scope and effect of the provisions of this Agreement. Neither
party has relied upon any representations or statements made by the other party
that are not specifically set forth in this Agreement or the exhibits hereto.

         11. COSTS. The Parties shall each bear their own costs, attorneys' fees
and other fees incurred in connection with this Agreement.

         12. SEVERABILITY. In the event any provision of this Agreement is found
to be invalid, illegal or unenforceable, the validity, legality and
enforceability of any of the remaining provisions shall not in any way be
affected or impaired thereby, and that provision shall be reformed, construed
and enforced to the maximum extent permissible, provided that this Agreement
shall not then substantially deprive either party of the initially bargained-for
performance of the other party. Any such invalidity, illegality or
unenforceability in any jurisdiction shall not invalidate or render illegal or
unenforceable such provision in any other jurisdiction.

         13. ENTIRE AGREEMENT. This Agreement, together with the Consulting
Agreement, the New Note and the New Security Agreement, represents the entire
agreement and understanding between the Company and Hawk concerning Hawk's
separation from the Company and supersedes and replaces any and all prior
agreements and understandings concerning Hawk's relationship with the Company
and his compensation by the Company, except that nothing herein shall supercede
the terms of the Indemnification Agreement or the Employee Confidentiality
Agreement.

                                      -3-
<PAGE>

         14. NO ORAL MODIFICATION. This Agreement may only be amended in writing
signed by Hawk and the President of the Company.

         15. GOVERNING LAW. This Agreement shall be governed by the laws of the
State of Nevada.

         16. SUBSIDIARIES. Hawk agrees that his covenants and agreements in
Sections 5-9 hereof shall apply equally to any subsidiary of the Company as they
do to the Company itself.

         17. COUNTERPARTS AND FACSIMILE SIGNATURE(S). 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. This Agreement may be executed and delivered originally by
facsimile, with an original to follow.

         18. VOLUNTARY EXECUTION OF AGREEMENT. This Agreement is executed
voluntarily and without any duress or undue influence on the part or behalf of
the parties hereto, with the full intent of releasing all claims. The parties
acknowledge that:

                  (a) They have read this Agreement;

                  (b) They have been represented in the preparation, negotiation
and execution of this Agreement by legal counsel of their own choice or they
have voluntarily declined to seek such counsel;

                  (c) They understand the terms and consequences of this
Agreement and of the releases it contains; and

                  (d) They are fully aware of the legal and binding effect of
this Agreement.

         IN WITNESS WHEREOF, the parties have executed this Separation Agreement
on the respective dates set forth below.

IGO CORPORATION                               KENNETH W. HAWK

By: /S/ RICK SHAFF                            By: /S/ KEN HAWK
    -----------------------------             ----------------------------------

Title: ACTING PRESIDENT & CHIEF               Dated: March 26, 2001
       EXECUTIVE OFFICER
       -------------------------

Dated:  March 26, 2001

                                      -4-

<PAGE>

                                    EXHIBIT A
                                    ---------

                              CONSULTING AGREEMENT

Kenneth W. Hawk
4375 Meadowgate Trail
Reno, NV  89509

Dear Ken:

         1. iGo Corporation, a Delaware corporation (the "COMPANY"), wishes to
obtain your services as a consultant on certain strategic matters and projects
requested of you by the Company. This letter shall constitute an agreement
between you and the Company and contains all the terms and conditions relating
to the services you are to provide.

         2. This agreement will terminate on March 26, 2002. Either party may
terminate this agreement earlier upon thirty (30) days written notice upon a
material breach of this agreement or the Separation Agreement (including any
exhibit thereto) entered into by you and the Company of even date with this
agreement, if such breach is not cured within such thirty (30) day period;
provided, however, that there shall be no notice period applicable in the event
of termination for an incurable material breach.

         3. As consideration for your services you will be paid a monthly fee,
the first payment of which will be fifty-six thousand seven hundred ten and
no/100 dollars ($56,710.00) and shall be made on or before April 9, 2001 and the
remaining eleven (11) of which will each be sixteen thousand seven hundred ten
and no/100 dollars ($16,710.00) and shall be made on or before the 26th day of
each month beginning in May 2001.

         4. To the extent that you are requested by the Company's President to
travel or incur expenses in connection with your services hereunder, you shall
be reimbursed for reasonable travel and other out-of-pocket expenses incurred by
you in connection with your services under this agreement, provided that you
provide receipts and obtain prior written approval of or direction from the
President of the Company.

         5. Your relationship with the Company shall be that of an independent
contractor and not that of an employee. You will not be eligible for any
employee benefits, nor will the Company make deductions from payments made to
you for taxes, which shall be your responsibility. You shall have no authority
to enter into contracts that bind the Company or create obligations on the part
of the Company.

         6. Your services will be performed when and as reasonably requested by
the President of the Company; provided that the Company may not require you to
travel outside the Northern Nevada area nor may the Company require you to
devote in excess of 80 hours per month to your services hereunder (provided that
such time allotment shall be exclusive of any time related to your service on
the Company's Board of Directors). You shall be required to report to the
President of the Company concerning your services performed under this
agreement. The nature and frequency of these reports will be left to the
discretion of the President. You will not be entitled to additional compensation
for services rendered in excess of the 80-hour threshold set forth in this
paragraph unless agreed to in writing by you and the Company's President prior
to the rendering of such additional services.
<PAGE>

         7. You shall keep in confidence and shall not disclose or make
available to third parties or make any use of any information or documents
relating to your services under this agreement or to the products, methods of
manufacture, trade secrets, processes, clients, customers, business or affairs
or confidential or proprietary information of the Company (other than
information in the public domain through no fault of your own), except with the
prior written consent of the Company or to the extent necessary in performing
tasks assigned to you by the Company. Upon termination of this agreement you
will return to Company all documents, and other materials related to the
services provided hereunder or furnished to you by the Company. Your obligations
under this Paragraph 7 shall survive termination of this agreement.

         8. You shall promptly disclose and you hereby transfer and assign to
the Company all right, title and interest to all techniques, methods, processes,
formulae, improvements, inventions and discoveries made or conceived or reduced
to practice by you, solely or jointly with others, in the course of providing
services hereunder or with the use of materials or facilities of the Company
during the period of this agreement or which relate to the Company's business or
its actual or demonstrably anticipated research or development (except as
otherwise provided below). When requested by the Company you will make available
to the Company all notes, drawings, data and other information relating to the
above. You will promptly sign any documents (including U.S. and foreign patent
assignments) requested by the Company related to the above assignment of rights
and inventions and will cooperate with the Company at the Company's request and
expense in preparation and prosecution of any U.S. or foreign patent
applications related to such rights and inventions. To the extent that such
doctrine is applicable your work product will be deemed "work made for hire".
Your obligations under this Paragraph 8 shall survive termination of this
agreement. This Agreement does not apply to inventions that the Company is
prohibited by law from requiring you to assign.

         9. During the term of this agreement, without the Company's prior
written consent (which will not be unreasonably withheld), you agree not to
carry on any business involving the design, development, manufacture or sale of
mobile electronic devices, parts, accessories or services. For purposes of this
paragraph, "carry on" shall mean to perform or engage in, or to be employed by
or to consult with, or to purchase or invest in, or lend money to, or lend one's
name to, any entity or other business engaged or seeking to engage in, the
subject business activity, whether individually or in partnership or in
conjunction with any person or entity, and whether as a principal, employee,
agent, stockholder, lender consultant or in any other capacity; provided that
the foregoing shall not prohibit you from owning up to 5% of a publicly traded
company engaging in such business, nor shall this paragraph effect your ongoing
involvement as a stockholder of the Company.

                                      -2-
<PAGE>

                  It is the intent of the parties that the covenants set forth
in this section be enforced to the maximum degree permitted by applicable law.
In the event that the provisions of this section should ever be deemed to exceed
the scope, time or geographic limitations of applicable law regarding covenants
not to compete, then such provisions shall be reformed to the maximum scope,
time or geographic limitations, as the case may be, permitted by applicable
laws.

         10. Any amendment to this agreement must be in writing signed by you
and the Company.

         11. All notices, requests and other communications called for by this
agreement shall be deemed to have been given if made in writing and faxed or
mailed, postage prepaid, to the other party's address specified below or to such
other address as the receiving party shall specify to the other.

         12. The validity, performance and construction of this agreement shall
be governed by the laws of the State of Nevada without reference to conflicts of
laws principles.

         13. You acknowledge that upon breach of the provisions contained in
Sections 7, 8 or 9 of this agreement, the Company would sustain irreparable harm
from such breach, and, therefore, in addition to any other remedies which the
Company may have under this agreement or otherwise, the Company shall be
entitled to obtain equitable relief, including specific performance and
injunctions, restraining you from committing or continuing any such violation of
this agreement.

         14. This agreement supersedes any prior consulting or other agreements
between you and the Company with respect to the subject matter hereof but shall
not be deemed to supercede the Separation Agreement and its exhibits.

         15. 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. This agreement may be
executed and delivered originally by facsimile, with an original to follow.

                            [Signature page follows.]

                                      -3-
<PAGE>

         If this agreement is satisfactory, execute and return the original to
us and keep a fully executed photocopy for your records.

Dated: March 26, 2001

                               Very truly yours,

                               iGo Corporation

                               By: /S/ RICK SHAFF
                               -------------------------------------------------

                               Title: ACTING PRESIDENT & CHIEF EXECUTIVE OFFICER
                                      ------------------------------------------

                               Address: 9393 Gateway Drive
                                        Reno, NV  89511-8910
                               Telephone:  775/746-6140
                               Facsimile:  775/850-9351

ACCEPTED AND AGREED:

         /S/ KEN HAWK
--------------------------------
Kenneth W. Hawk

Address: 4375 Meadowgate Trail
         Reno, NV  89509
Telephone: 775/787-0757
Facsimile: 978/418-0260

                                      -4-
<PAGE>

                                    EXHIBIT B
                                    ---------

                                  SECURED NOTE

$366,410.00                                                         RENO, NEVADA
                                                                  MARCH 26, 2001

         FOR VALUE RECEIVED, Kenneth W. Hawk promises to pay to iGo Corporation,
a Delaware corporation (the "COMPANY"), the principal sum of THREE HUNDRED
SIXTY-SIX THOUSAND, FOUR HUNDRED TEN AND NO/100 DOLLARS ($366,410.00), together
with interest on the unpaid principal hereof from the date hereof at the rate of
eight percent (8.0%) per annum, compounded annually.

         All principal and accrued interest shall be due and payable upon the
earliest to occur of (a) March 26, 2003, or (b) an event of default pursuant to
Section 6 of that certain Security Agreement dated on or about the date hereof
between the undersigned and the Company (the "SECURITY AGREEMENT"). Payments of
principal and interest shall be made in lawful money of the United States of
America and shall be credited first to the accrued interest, with the remainder
applied to principal.

         The undersigned may at any time prepay all or any portion of the
principal or interest owing hereunder.

         This Note is subject to the terms of the Security Agreement and is
secured by a pledge of shares of Common Stock of the Company under the terms
thereof.

         Should any action be instituted for the collection of this Note, the
reasonable costs and attorneys' fees therein of the holder shall be paid by the
undersigned. The undersigned hereby waives notice of default, presentment,
protest or notice of nonpayment or dishonor and all other notices or demands
relative to this instrument other than demand for payment set forth above.

         The holder of this Note shall have full recourse against the maker, and
shall not be required to proceed against the collateral securing this Note in
the event of default.

                                                   /S/ KEN HAWK
                                                   --------------------------
                                                   Kenneth W. Hawk

<PAGE>

                                    EXHIBIT C
                                    ---------

                               SECURITY AGREEMENT

         This Security Agreement is made as of March 26, 2001 between iGo
Corporation, a Delaware corporation ("PLEDGEE"), and Kenneth W. Hawk
("PLEDGOR").

                                    RECITALS

         Pledgee has loaned to Pledgor, and Pledgor has borrowed from Pledgee,
an aggregate of $366,410.00, which loan is evidenced by a Secured Note dated the
date hereof (the "NOTE") and is to be secured by 977,000 shares of the Company's
Common Stock currently owned by Pledgor (approximately equal to two (2) times
the Note principal amount divided by the closing sales price of the Company's
Common Stock on the Nasdaq National Market on the last trading day prior to the
date of this Agreement) (as adjusted for subsequent stock splits, reverse stock
splits and recapitalizations, the "SHARES").

         NOW, THEREFORE, it is agreed as follows:

         1. CREATION AND DESCRIPTION OF SECURITY INTEREST; TRANSFERABILITY;
ESCROW.

                  (a) In consideration of the loan to Pledgor, Pledgor, pursuant
to the Commercial Code of the State of Nevada, hereby pledges the Shares (herein
sometimes referred to as the "COLLATERAL") represented by the certificates
therefor, duly endorsed in blank or with executed stock powers, and herewith
delivers such certificates existing as of the date hereof, and agrees to deliver
such certificates as Pledgor may acquire in the future in order to bring the
Collateral to the pledged Share level, to the Secretary of Pledgee or the
Secretary's designee (the "PLEDGEHOLDER"), who shall hold said certificates
subject to the terms and conditions of this Security Agreement. With such
pledge, Pledgor hereby grants to Pledgee an unconditional, first priority
security interest in the Shares.

                  (b) The pledged stock (together with an executed blank stock
assignment for use in transferring all or a portion of the Shares to Pledgee if,
as and when required pursuant to this Security Agreement) shall be held by the
Pledgeholder as security for the repayment of the Note, and any extensions or
renewals thereof.

                  (c) Except as required to enable Pledgee to exercise its
rights as a secured party, none of the Shares pledged under this Section 1 may
be sold, transferred, pledged, hypothecated or otherwise disposed of by Pledgor.

                  (d) To ensure the ability of Pledgee to exercise its rights as
a secured party hereunder, Pledgor shall, upon execution of this Agreement,
deliver and deposit with the Secretary of Pledgee, or such other person
designated by Pledgee, the share certificates representing the Shares currently
held by Pledgor, and to do the same in the future at such time as Pledgor may
acquire additional certificates, together with a stock power, duly endorsed in
blank, in the form attached hereto as ATTACHMENT C-1, provided, however, that
Pledgor shall in no case be obligated to deliver certificates to Pledgee for

<PAGE>

Collateral in excess of the original aggregate number of shares of the Company's
Common Stock constituting the Collateral hereunder, plus any additional shares
relating thereto resulting from any stock splits, stock dividends or
recapitalizations. The Shares and stock power(s) shall be held by Pledgee in
escrow, until such time as the Note shall have been paid in full or defaulted
upon. As a further inducement to Pledgee to loan to Pledgor the funds
represented by the Note, the spouse of Pledgor, shall execute and deliver to
Pledgee a Consent of Spouse in the form attached hereto as ATTACHMENT C-2,
agreeing to the terms of this Agreement with respect to any community property
interest she may or may not have in the pledged Shares.

         2. PLEDGOR'S REPRESENTATIONS AND COVENANTS. To induce Pledgee to enter
into this Security Agreement, Pledgor represents and covenants to Pledgee, its
successors and assigns, as follows:

                  (a) PAYMENT OF INDEBTEDNESS. Pledgor will pay the principal
sum of the Note secured hereby, together with interest thereon, at the time and
in the manner provided in the Note.

                  (b) ENCUMBRANCES. All Shares now or hereafter pledged under
this Agreement are and shall be free of all other encumbrances, defenses and
liens, and Pledgor will not further encumber the Shares without the prior
written consent of Pledgee.

         3. VOTING RIGHTS. During the term of this pledge and so long as all
payments of principal and interest are made as they become due under the terms
of the Note, Pledgor shall have the right to vote all of the Shares pledged
hereunder.

         4. STOCK ADJUSTMENTS. In the event that during the term of the pledge
any stock dividend, reclassification, readjustment or other changes declared or
made in the capital structure of Pledgee, all new, substituted and additional
shares or other securities issued by reason of any such change shall be
delivered to and held by the Pledgeholder under the terms of this Security
Agreement in the same manner as the Shares originally pledged hereunder. In the
event of substitution of such securities, Pledgor, Pledgee and Pledgeholder
shall cooperate and execute such documents as are reasonable so as to provide
for the substitution of such Collateral and, upon such substitution, references
to "Shares" in this Security Agreement shall include the substituted shares of
capital stock of Pledgee held by Pledgor as a result thereof.

         5. WARRANTS AND RIGHTS. In the event that, during the term of this
pledge, subscription warrants or other rights or options shall be issued in
connection with the pledged Shares, such rights, warrants and options shall be
the property of Pledgor and, if exercised by Pledgor, all new stock or other
securities so acquired by Pledgor as it relates to the pledged Shares then held
by Pledgeholder shall be immediately delivered to Pledgeholder, to be held under
the terms of this Security Agreement in the same manner as the Shares pledged.

         6. DEFAULT. Pledgor shall be deemed to be in default of the Note and of
this Security Agreement in the event:

                  (a) Pledgor fails to pay any principal or interest on the Note
when due under the terms of the Note;

                                      -2-
<PAGE>

                  (b) That a bankruptcy or insolvency proceeding is instituted
by or against Pledgor, or if a receiver is appointed for the property of
Pledgor, or if Pledgor makes an assignment for the benefit of creditors;

                  (c) Pledgor fails to perform any of the covenants contained in
this Security Agreement for a period of ten (10) days after written notice
thereof from Pledgee; or

                  (d) Pledgor materially breaches any term of the Separation
Agreement or Consulting Agreement, each of even date herewith and between
Pledgor and Pledgee, which breach, if curable, is not cured within thirty (30)
days after written notice thereof from Pledgee.

         In the case of an event of default, as set forth above, Pledgee shall
have the right to accelerate payment of the Note upon notice to Pledgor (in the
cases of defaults under items (b), (c) or (d) above), and Pledgee shall
thereafter be entitled to pursue its remedies under the Nevada Commercial Code.
Without limiting the foregoing, Pledgor explicitly acknowledges that upon
default Pledgee will be entitled to take possession and ownership of all or any
part of the Shares and may, but will not be obligated to, retain them in
satisfaction of the amounts owed under the Note. In view of the Pledgee's
limited ability to resell the Shares, Pledgor agrees that if Pledgee elects to
retain the Shares in satisfaction of the Note balance and gives notice thereof
to Pledgor, Pledgor will not object under NRS 104.9505(2) to Pledgee's retention
thereof. Nothing herein shall require the Pledgor to proceed against the
Collateral in the event of a default.

         7. WITHDRAWAL OR SUBSTITUTION OF COLLATERAL. Pledgor shall not sell,
withdraw, pledge, substitute or otherwise dispose of all or any part of the
Collateral without the prior written consent of Pledgee.

         8. TERM. The pledge of the Shares shall continue until the payment of
all indebtedness secured hereby, at which time the Shares shall be promptly
delivered to Pledgor.

         9. PLEDGEHOLDER LIABILITY. In the absence of willful or gross
negligence, Pledgeholder shall not be liable to any party for any of his acts,
or omissions to act, as Pledgeholder.

         10. INVALIDITY OF PARTICULAR PROVISIONS. In the event any provision of
this Agreement is found to be invalid, illegal or unenforceable, the validity,
legality and enforceability of any of the remaining provisions shall not in any
way be affected or impaired thereby, and that provision shall be reformed,
construed and enforced to the maximum extent permissible, provided that this
Agreement shall not then substantially deprive either party of the initially
bargained-for performance of the other party. Any such invalidity, illegality or
unenforceability in any jurisdiction shall not invalidate or render illegal or
unenforceable such provision in any other jurisdiction.

         11. SUCCESSORS OR ASSIGNS. Pledgor and Pledgee agree that all of the
terms of this Security Agreement shall be binding on their respective successors
and assigns, and that the term "Pledgor" and the term "Pledgee" as used herein
shall be deemed to include, for all purposes, the respective designees,
successors, assigns, heirs, executors and administrators.

                                      -3-
<PAGE>

         12. GOVERNING LAW. This Security Agreement shall be interpreted and
governed under the laws of the State of Nevada.

         13. COUNTERPARTS AND FACSIMILE SIGNATURE(S). This Security 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. This Agreement may be executed and delivered originally by
facsimile, with an original to follow.

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

         "PLEDGOR"             KENNETH W. HAWK

                                            /S/ KEN HAWK
                               -------------------------------------------------
                               (Signature)

                               Address: 4375 Meadowgate Trail
                                        Reno, NV  89509

         "PLEDGEE"             IGO CORPORATION

                               By:      /S/ RICK SHAFF
                               -------------------------------------------------

                               Title: ACTING PRESIDENT & CHIEF EXECUTIVE OFFICER
                                      ------------------------------------------

                               Address: 9393 Gateway Drive
                                        Reno, NV  89511

                                      -4-
<PAGE>

                                 ATTACHMENT C-1

                      ASSIGNMENT SEPARATE FROM CERTIFICATE

         FOR VALUE RECEIVED I hereby sell, assign and transfer unto ____________
_________________________________________________________ (_____) shares of the
Common Stock of iGo Corporation, a Delaware corporation, standing in my name on
the books of said corporation and represented by Certificate
No(s)________________. herewith and do hereby irrevocably constitute and appoint
the Secretary or any Assistant Secretary of said corporation to transfer said
stock on the books of the within-named corporation with full power of
substitution in the premises.

Dated:
       ------------------------------------

                                             Signature:

                                             /S/ KEN HAWK
                                             ----------------------------
                                             Kenneth W. Hawk

--------------------------------------------------------------------------------
NOTE: This Assignment Separate from Certificate was executed in conjunction with
the terms of a Security Agreement between the above assignor and iGo Corporation
dated March 26, 2001, for the purpose of enabling the assignee to exercise its
rights as a secured party thereunder without requiring additional signatures on
the part of the assignor.
--------------------------------------------------------------------------------

<PAGE>

                                 ATTACHMENT C-2

                                CONSENT OF SPOUSE

         I, KAREN LYNN HAWK, spouse of Kenneth W. Hawk, have read and approved
the foregoing Security Agreement and the exhibits thereto (the "AGREEMENT"). In
consideration of granting of the right to my spouse to borrow funds which are
the subject of the Agreement, I hereby appoint my spouse as my attorney-in-fact
in respect to the exercise of any rights under the Agreement and agree to be
bound by the provisions of the Agreement insofar as I may have any rights under
such Agreement or in any shares of iGo Corporation serving as collateral
pursuant thereto under the community property laws of the State of Nevada or
similar laws relating to marital property in effect in the state of our
residence as of the date of the signing of the Agreement.

Dated:  March 26, 2001

                                             Signature:

                                             /S/ KAREN LYNN HAWK
                                             -------------------------------
                                             Karen Lynn HawkWARRANT

THE SECURITIES REPRESENTED HEREBY AND THE SECURITIES WHICH MAY BE ACQUIRED UPON
THE EXERCISE OF THIS COMMON STOCK PURCHASE WARRANT HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), AND MAY NOT BE SOLD,
PLEDGED, HYPOTHECATED, DONATED OR OTHERWISE TRANSFERRED (WHETHER OR NOT FOR
CONSIDERATION) BY THE HOLDER WITHOUT AN EFFECTIVE REGISTRATION STATEMENT UNDER
THE ACT OR AN OPINION SATISFACTORY TO THE COMPANY OF COUNSEL SATISFACTORY TO THE
COMPANY TO THE EFFECT THAT ANY SUCH TRANSFER SHALL NOT BE IN VIOLATION OF THE
ACT.

Void after _________, 200__, or                  Right to Purchase ______ Shares
otherwise as provided herein                        of Common Stock, $0.0001 par
                                              value per share, of SpaceDev, Inc.

                                  WARRANT R-__

                                 SPACEDEV, INC.
                          COMMON STOCK PURCHASE WARRANT

         SpaceDev, Inc., a Colorado corporation (the "Company"), for value
received and subject to the terms set forth below, hereby grants to
____________________________ and its registered successors and assigns (the
"Holder") the right to purchase from the Company, at any time or from time to
time before 3:00 P.M., California time, on _________, 200__, ________ fully paid
and non-assessable shares of the Common Stock, par value $0.0001 per share, of
the Company, at the Exercise Price (as defined below). The Exercise Price and
the number and character of such shares of Common Stock purchasable pursuant to
the rights granted under this Warrant are subject to adjustment as provided
herein.

         This Warrant is subject to the following provisions:

         1. DEFINITIONS. As used herein the following terms, unless the context
otherwise requires, have the following respective meanings:

         (a) "Common Stock" means the Company's $0.0001 par value common stock.

         (b) "Exercise Price" means $______ or the Holder's per Unit purchase
         price of the Company's Units pursuant to that certain Private Placement
         Memorandum dated March 2, 2001 (the "Memorandum").

         (c) "Issue Date" means __________, 200__.

         (d) "Other Securities" means any stock (other than Common Stock) and
         other securities of the Company or any other Person (corporate or
         other) which the Holder of this Warrant at any time shall be entitled
         to receive, or shall have received, upon the exercise of this Warrant,
         in lieu of or in addition to Common Stock, or which at any time shall
         be issuable or shall have been issued in exchange for or in replacement
         of Common Stock.

         (e) "Person" means, without limitation, an individual, a partnership, a
         corporation, a trust, a joint venture, an unincorporated organization,
         or a government or any department or agency thereof.

         (f) "This Warrant" means, collectively, this Warrant and all other
         stock purchase warrants issued in exchange herefor or replacement
         hereof.

         2. EXERCISE OF WARRANT.

         2.1 EXERCISE PERIOD. The Holder may exercise this Warrant, in whole or
in part (but not as to a fractional share of Common Stock), at any time and from
time to time prior to 3:00 P.M. California time on ____________, 200__.

<PAGE>

         2.2 EXERCISE PROCEDURE.

         (a) This Warrant will be deemed to have been exercised at such time as
         the Company has received all of the following items (the "Exercise
         Date"):

                  (i) a completed Subscription Agreement in the form attached to
                  the Memorandum, executed by the Holder exercising all or part
                  of the purchase rights represented by this Warrant (the
                  "Purchaser");

                  (ii) this Warrant;

                  (iii) if this Warrant is not registered in the name of the
                  Purchaser, an Assignment or Assignments in the form set forth
                  in Exhibit B hereto, evidencing the assignment of this Warrant
                  to the Purchaser together with any documentation required
                  pursuant to Section 6(a) hereof; and

                  (iv) a check payable to the order of the Company in an amount
                  equal to the product of the Exercise Price multiplied by the
                  number of shares of Common Stock being purchased upon such
                  exercise;

         (b) As soon as practicable after the exercise of this Warrant in full
         or in part, and in any event within ten (10) days after the Exercise
         Date, the Company at its expense will cause to be issued in the name of
         and delivered to the Holder hereof, or as the Holder (upon payment by
         the Holder of any applicable transfer taxes) may direct, a certificate
         or certificates for the number of fully paid and non-assessable shares
         of Common Stock (or Other Securities) to which the Holder shall be
         entitled upon such exercise, together with any other stock or other
         securities and property (including cash, where applicable) to which the
         Holder is entitled upon exercise.

         (c) Unless this Warrant has expired or all of the purchase rights
         represented hereby have been exercised, the Company at its expense
         will, within ten (10) days after the Exercise Date, issue and deliver
         to or upon the order of the Holder hereof a new Warrant or Warrants of
         like tenor, in the name of the Holder calling in the aggregate on the
         face or faces thereof for the number of shares of Common Stock
         remaining issuable under this Warrant.

         (d) The Common Stock (or Other Securities) issuable upon the exercise
         of this Warrant will be deemed to have been issued to the Purchaser on
         the Exercise Date, and the Purchaser will be deemed for all purposes to
         have become the record holder of such Common Stock (or Other
         Securities) on the Exercise Date.

         (e) The issuance of certificates for shares of Common Stock (or Other
         Securities) upon exercise of this Warrant will be made without charge
         to the Holder for any issuance tax in respect thereof or any other cost
         incurred by the Company in connection with such exercise and the
         related issuance of Shares of Common Stock (or Other Securities).

         2.3 FRACTIONAL SHARES. If a fractional share of Common Stock would, but
for the provisions of Section 2.1 hereof, be issuable upon exercise of the
rights represented by this Warrant, the Company will, within ten (10) days after
the Exercise Date, deliver to the Purchaser a check payable to the Purchaser in
lieu of such fractional share, in an amount equal to the Market Price of such
fractional share as of the close of business on the Exercise Date.

         3. ADJUSTMENTS; CANCELLATION.

         3.1 STOCK SPLITS, ETC. If the Company shall at any time after the Issue
Date subdivide its outstanding Common Stock or Other Securities, by split-up or
otherwise, or combine its outstanding Common Stock or Other Securities, or issue
additional shares of its capital stock in payment of a stock dividend in respect
of its Common Stock or Other Securities, the number of shares issuable on the
exercise of the unexercised portion of this Warrant shall forthwith be
proportionately increased in the case of such a subdivision or stock dividend,
or proportionately decreased in the case of such combination, and the Exercise
Price then applicable to shares covered by the unexercised portion of this
Warrant shall forthwith be proportionately decreased in the case of such a
subdivision or stock dividend, or proportionately increased in the case of such
combination.

         3.2 RECLASSIFICATION, REORGANIZATION, ETC. In case of any
reclassification, capital reorganization or change of the outstanding Common
Stock or Other Securities (other than as a result of a subdivision, combination
or stock dividend) or any exchange or conversion of the Common Stock for or into
securities of another entity, or in case of the consolidation or merger of the
Company with or into any other Person or in case of any sale or conveyance of

                                       2

<PAGE>

all or substantially all of the assets of the Company (any of the foregoing
being a "Reorganization Transaction"), then, as a condition of such
Reorganization Transaction, lawful provision shall be made so that the Holder
shall have the right at any time prior to the expiration of this Warrant to
purchase, at a total price not to exceed that payable upon the exercise of the
unexercised portion of this Warrant, the kind and amount of shares of stock and
other securities and property receivable upon such Reorganization Transaction by
a holder of the number of shares of Common Stock or Other Securities of the
Company as to which this Warrant was exercisable immediately prior to such
Reorganization Transaction, and in any such case appropriate provision shall be
made with respect to the rights and interests of the Holder to the end that the
provisions hereof (including, without limitation, provisions for the adjustment
of the Exercise Price and of the number of shares purchasable upon exercise of
this Warrant) shall thereafter be applicable in relation to any shares of stock,
and other securities and property, thereafter deliverable upon exercise hereof.

         3.3 DIVIDENDS. In case the Company shall, at any time or from time to
time after the Issue Date, pay any dividend or make any other distribution upon
its Common Stock (or Other Securities) payable in cash, property or securities
of a corporation other than the Company, then forthwith upon the payment of such
dividend, or the making of such other distribution, as the case may be, the
Exercise Price then in effect shall be reduced by the amount of such dividend or
other distribution in respect of each outstanding share of Common Stock (or
Other Securities). The Board of Directors of the Company shall determine the
fair value of any dividend or other distribution made upon Common Stock of the
Company payable in property or securities of a corporation other than the
Company.

         3.4 CERTIFICATE OF ADJUSTMENT. Whenever the Exercise Price or the
number of shares issuable hereunder is adjusted, as herein provided, the Company
shall promptly deliver to the Holder a certificate of the Treasurer of the
Company, which certificate shall state (i) the Exercise Price and the number of
shares of Common Stock (or Other Securities) issuable hereunder after such
adjustment, (ii) the facts requiring such adjustment, and (iii) the method of
calculation for such adjustment and increase or decrease.

         3.5 SMALL ADJUSTMENTS. No adjustment in the Exercise Price shall be
required unless such adjustment would require an increase or decrease in the
Exercise Price of at least one percent; provided, however, that any adjustments
which by reason of this Section 3.5 are not required to be made immediately
shall be carried forward and taken into account at the time of exercise of this
Warrant or any subsequent adjustment in the Exercise Price which, singly or in
combination with any adjustment carried forward, is required to be made under
Sections 3.1, 3.2 or 3.3.

         4. IMPAIRMENT. The Company will not, by amendment of its Articles of
Incorporation or By-Laws or through any reorganization, transfer of assets,
consolidation, merger, dissolution, issue or sale of securities or any other
voluntary action, avoid or seek to avoid the observance or performance of any of
the terms of this Warrant, but will at all times in good faith assist in the
carrying out of all such terms and in the taking of all action as may be
necessary or appropriate in order to protect the rights of the Holder against
impairment. Without limiting the generality of the foregoing, the Company will
take all such action as may be necessary or appropriate in order that the
Company may validly and legally issue fully paid and non-assessable shares of
Common Stock (or Other Securities) upon the exercise of this Warrant.

         5. RESERVATION OF STOCK, ETC., ISSUABLE ON EXERCISE OF WARRANT. The
Company will at all times reserve and keep available, solely for issuance and
delivery upon the exercise of this Warrant, all shares of Common Stock (or Other
Securities) from time to time issuable upon the exercise of this Warrant.

         6. DISPOSITION OF THIS WARRANT, COMMON STOCK, ETC.

         (a) The Holder and any proposed transferee hereof or of the Common
         Stock (or Other Securities) with respect to which this Warrant may be
         exercisable, by their acceptance hereof, hereby understand and agree
         that this Warrant and the Common Stock (or Other Securities) with
         respect to which this Warrant may be exercisable have not been
         registered under the Securities Act of 1933, as amended (the "Act"),
         and may not be sold, pledged, hypothecated, donated, or otherwise
         transferred (whether or not for consideration) without an effective
         registration statement under the Act or an opinion satisfactory to the
         Company of counsel satisfactory to the Company and/or submission to the
         Company of such other evidence as may be satisfactory to counsel to the
         Company, in each such case, to the effect that any such transfer shall
         not be in violation of the Act. It shall be a condition to the transfer
         of this Warrant that any transferee hereof deliver to the Company its
         written agreement to accept and be bound by all of the terms and
         conditions of this Warrant.

                                       3

<PAGE>

         (b) The stock certificates of the Company that will evidence the shares
         of Common Stock (or Other Securities) with respect to which this
         Warrant may be exercisable will be imprinted with a conspicuous legend
         in substantially the following form:

         "THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN
         REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"),
         AND MAY NOT BE SOLD, PLEDGED, HYPOTHECATED, DONATED OR OTHERWISE
         TRANSFERRED (WHETHER OR NOT FOR CONSIDERATION) BY THE HOLDER WITHOUT AN
         EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR AN OPINION
         SATISFACTORY TO THE COMPANY OF COUNSEL SATISFACTORY TO THE COMPANY
         AND/OR SUBMISSION TO THE COMPANY OF SUCH OTHER EVIDENCE AS MAY BE
         SATISFACTORY TO COUNSEL TO THE COMPANY, IN EACH CASE, TO THE EFFECT
         THAT ANY SUCH TRANSFER SHALL NOT BE IN VIOLATION OF THE ACT."

         provided, however, that, if the shares of Common Stock (or Other
         Securities) with respect to which this Warrant has been exercised are
         registered in accordance with the provisions of the Act, any stock
         certificates of the Company issued in connection herewith and bearing
         the foregoing legend will, upon written request of the Holder, be
         replaced with a certificate(s) not bearing the foregoing legend.

         7. RIGHTS AND OBLIGATIONS OF HOLDER. The Holder shall not, by virtue
hereof, be entitled to any voting rights or other rights as a stockholder of the
Company. No provision of this Warrant, in the absence of affirmative actions by
the Holder to purchase Common Stock (or Other Securities) of the Company by
exercising this Warrant, and no enumeration in this Warrant of the rights or
privileges of the Holder, will give rise to any liability of the Holder for the
Exercise Price of Common Stock (or Other Securities) acquirable by exercise
hereof or as a stockholder of the Company.

         8. TRANSFER OF WARRANTS. Subject to compliance with the restrictions on
transfer applicable to this Warrant referred to in Section 6 hereof, this
Warrant and all rights hereunder are transferable, in whole or in part, without
charge to the registered Holder, upon surrender of this Warrant with a properly
executed Assignment (in substantially the form attached hereto as Exhibit B), to
the Company, and the Company at its expense will issue and deliver to or upon
the order of the Holder a new Warrant or Warrants in such denomination or
denominations as may be requested, but otherwise of like tenor, in the name of
the Holder or as the Holder (upon payment of any applicable transfer taxes) may
direct.

         9. REPLACEMENT OF WARRANTS. Upon receipt of evidence reasonably
satisfactory to the Company of the loss, theft, destruction or mutilation of any
Warrant and, in the case of any such loss, theft or destruction, upon delivery
of an indemnity agreement reasonably satisfactory in form and amount to the
Company or, in the case of any such mutilation, upon surrender and cancellation
of such Warrant, the Company at its expense will execute and deliver, in lieu
thereof, a new Warrant of like tenor.

         10. COMPANY RECORDS. Until this Warrant is transferred on the books of
the Company, the Company may treat the registered Holder hereof as the absolute
owner hereof for all purposes, notwithstanding any notice to the contrary.

         11. MISCELLANEOUS.

         11.1 NOTICES. All notices and other communications from the Company to
the Holder shall be mailed by first class mail, postage prepaid, to such address
as may have been furnished to the Company in writing by the Holder, or, until an
address is so furnished, to and at the address of the last previous Holder who
has so furnished an address to the Company. All communications from the Holder
to the Company shall be mailed by first class mail, postage prepaid, to the
Company at 13855 Stowe Drive, Poway, California 92064, or such other address as
may have been furnished to the Holder in writing by the Company.

         11.2 AMENDMENT AND WAIVER. Except as otherwise provided herein, this
Warrant and any term hereof may be amended, waived, discharged or terminated
only by an instrument in writing signed by the party against which enforcement
of such amendment, waiver, discharge or termination is sought.

                                       4

<PAGE>

         11.3 GOVERNING LAW; DESCRIPTIVE HEADINGS. This Warrant shall be
construed and enforced in accordance with and governed by the internal laws of
the State of California. The headings in this Warrant are for purposes of
reference only, and shall not limit or otherwise affect any of the terms hereof.

Dated:  __________, 200__                     SPACEDEV, INC.

                                              By:_______________________________
                                                 Stanley W. Dubyn, President

                                       5

<PAGE>

                                    EXHIBIT A

SpaceDev, Inc.
13855 Stowe Drive Date of Exercise:___________
Poway, CA 92064

To Whom It May Concern:

This constitutes notice under the SpaceDev, Inc. (the "Company") common stock
purchase warrant granted to me on ______________ (the "Warrant") that I elect to
purchase the number of shares for the price set forth below:

         Number of shares as to
         which warrant is exercised:                 _______________________

         Certificates to be issued
         in name of:                                 _______________________

         Social Security Number:                     _______________________

         Total exercise price:                       _______________________

         Cash payment delivered herewith:            _______________________

By this exercise, I agree to provide such additional documents as you may
require pursuant to the terms of the Warrant.

                                                     Sincerely,

                                                     -----------------------
                                                     Signature

                                                     -----------------------
                                                     Print Name

                                       6

<PAGE>

                                    EXHIBIT B

                                   ASSIGNMENT

                  [To be signed only upon exercise of Warrant]

         For value received, the undersigned hereby sells, assigns and transfers
all of the rights of the undersigned under the within Warrant with respect to
the number of shares of the Common Stock (or Other Securities) covered thereby
set forth below, unto:

Name of Assignee             Address                         No. of Shares

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

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

Dated:                       Signature:   _____________________________________
                                          (Signature must conform in all
                                          respects to name of Holder as
                                          specified on the face of the Warrant).

                             Address:  ______________________________________

                                       ______________________________________

                                       7

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