Document:

Exhibit
      10.1

     

    

      
        	
                501
                  4th
                  Street 

                Santa
                  Rosa, CA 95401

                707
                  525-8658

                www.zapworld.com 

              	
                ZAP!
                  Memo

              

      

    

     

    ZAP
      Memo

     

    To: Mr.
      Amos Kazzaz

     

    From: Steven
      M. Schneider, Chief Executive Officer

     

    CC: ZAP
      board of directors

     

    Date: March
      30, 2007

     

    Re: Employment
      Engagement with ZAP

     

      
        

      

    

     

    Dear
      Amos,

     

    It
      is
      with great pleasure that I welcome you aboard with your new position at ZAP
      as
      our Chief Operating Officer. The agreed terms of your employment with ZAP will
      be outlined as the following:

     

    	1.  	
            Title
              as COO with a review for president in approximately 6
              mos

          

     

    	2.  	
            Base
              Salary of $120,000 

          

     

    	3.  	
            Signing
              bonus of 100,000 shares of ZAP common stock with no vesting period
              (
              shares are to be returned if you leave on your own with in 90 days
              of your
              first day in office and likewise are yours to keep should ZAP elect
              to
              terminate our relationship with in that same period)
              

          

     

    	4.  	
            Employment
              contract to follow after trial period. 

          

     

    	5.  	
            1%
              ESOP stock options that fully vest over 3 years starting from March
              26th
              2007

          

     

    	6.  	
            Company
              Car

          

     

    	7.  	
            Temporary
              company housing

          

     

    	8.  	
            Reasonable
              relocation costs

          

     

    	9.  	
            Full
              D&O Coverage as provided to all current officers and
              directors

          

     

    	10.  	
            Full
              401k participation

          

     

    	11.  	
            3
              weeks paid vacation plus all Company policy
              holidays

          

     

    	12.  	
            Company
              Health insurance (there may be a 90 period I will verify
              tomorrow)

          

     

    	13.  	
            Temporary
              commuting expenses. 

          

     

    

    
      
        Page
          1

      

      
         

        
          

        

      

      
        
          Exhibit
            10.1

        

      

    

     

     

    Our
      agreement date will be as of March 26, 2007 and we will be expecting you in
      the
      office on April 16th
      2007

     

    Myself
      and the whole ZAP team look forward to your being part of the ZAP family. I
      congratulate you on your decision to be part of one of the most exciting
      emerging markets of the 21st
      century! Welcome aboard. 

     

    Yours
      truly,

     

     

     

    Steven
      M. Schneider

     

    Chief
      Executive Officer

     

     [LOGO]

     

    

     

    

    Page
      2A form of the Press Release regarding Mr. Kazzaz's employment engagement with
      ZAP issued March 30, 2007

Exhibit 10.2

    

    United
      Airlines President Joins ZAP

    

    SANTA
      ROSA, California (March 30, 2007) - Former United Airlines President Amos S.
      Kazzaz has agreed to join electric car pioneer ZAP (OTC BB: ZAAP).

     

    ZAP
      recently started expanding its marketing and distribution with the new XEBRA
      electric cars and trucks and ZAP CEO Steve Schneider said that Kazzaz's
      experience with operations and financial planning will be helpful as the Company
      goes through this transformation. Manufactured through a strategic partnership
      in China, the XEBRA is now being sold through ZAP's licensed automotive dealer
      network. ZAP has added employees and new facilities to expand its automotive
      distribution and recently launched ventures to offer new vehicles, including
      the
      OBVIO ! sports cars and ZAP-X Crossover.

     

    From
      1995 to 1999, Kazzaz served as President of United Shuttle, overseeing the
      business unit with $1 billion in annual revenues while managing 2000 employees
      in sales, marketing, fleet management, customer service and finance. Under
      his
      direction, sales grew from $400 million to $1 billion while the fleet expanded
      by 42 percent. Kazzaz pioneered self-service customer check-in for United and
      won the Advertising Effy Award in 1995 and 1998 for innovative
      marketing.

     

    Prior
      to joining ZAP, Kazzaz served as Vice President, Cost Management for United
      Airlines. Reporting directly to the COO, Kazzaz was the leader of United's
      strategy to improve operations, processes and cost management throughout the
      organization. Prior to that, Kazzaz served as Vice President, Financial Planning
      and Analysis for United.

     

    Before
      2004, Kazzaz was Vice President for FP&A as well as serving as COO for
      Avolar, a subsidiary of United with a focus on real estate management. He also
      served as Vice President, Corporate Real Estate for United Airlines global
      real
      estate portfolio that included $1 billion in annual revenue. 

     

    Kazzaz
      serves on the Supervisory Board of Directors for the Alliant Credit Union as
      well as on the Board of Directors for SkyTech Solutions and Integres. He holds
      an MBA in Finance from the University of Denver and a B.A. in International
      Affairs from the University of Colorado at Boulder.

     

    About
      ZAP

     

    ZAP
      has
      been a leader in advanced transportation technologies since 1994, delivering
      over 90,000 vehicles to consumers in more than 75 countries. At the forefront
      of
      fuel-efficient transportation with new technologies including energy efficient
      gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative
      power systems, ZAP is developing a high-performance crossover SUV electric
      car
      concept called ZAP-X engineered by Lotus Engineering. The Company recently
      launched a new

     

    
      
         

      

      
         

        
          

        

      

      
        Exhibit
          10.2

      

    

     

    portable
      energy technology that manages power for mobile electronics, like cell phones
      and laptops. For more product, dealer and investor information, visit
http://www.zapworld.com.
      

     

    Forward-looking
      statements in this release are made pursuant to the "safe harbor" provisions
      of
      the Private Securities Litigation Reform Act of 1995. Investors are cautioned
      that such forward-looking statements involve risks and uncertainties, including,
      without limitation, continued acceptance of the Company's products, increased
      levels of competition for the Company, new products and technological changes,
      the Company's dependence upon third-party suppliers, intellectual property
      rights, and other risks detailed from time to time in the Company's periodic
      reports filed with the Securities and Exchange Commission.

     

    

    #
      #
      #

    

    ZAP

    

    Media

    Alex
      Campbell

    707-525-8658
      ext. 241

    acampbell@zapworld.com 

    

    or

    

    Investors

    Sherri
      Haskell

    707-525-8658
      ext. 232

    shaskell@zapworld.comEXHIBIT 10.36

                                                       CIT

                                                       December 31, 2006

LEVCOR INTERNATIONAL, INC.
462 Seventh Avenue
New York, NY 10018

Ladies and Gentlemen:

We refer to the (i) Financing Agreement dated January 24, 2002 between Levcor
International, Inc., as successor by merger to Carlyle Industries, Inc., and us,
as supplemented and amended (herein the "Financing Agreement"), (ii) the
Factoring Agreement between us dated September 17, 1998, as supplemented and
amended (the "Factoring Agreement"); and (iii) your Term Promissory Note (which
you assumed, as successor by merger to Carlyle Industries, Inc.) to our order,
in the original principal amount of $2,000,000.00 dated January 24, 2002, as
amended and supplemented (the "Note"; the Note, collectively with the Financing
Agreement and the Factoring Agreement, herein the "Loan Documents"). Capitalized
terms used and not otherwise defined herein shall have the same meanings given
them in the Loan Documents.

This is to confirm that pursuant to mutual consent and understanding, effective
as of January 1, 2007, the Loan Documents shall be amended as follows:

1.       The second sentence of Section 16.1 of the Factoring Agreement shall
be, and hereby is, deleted in its entirety and replaced with the following:

         "Anniversary Date" shall mean January 1, 2009 and the same date in each
year thereafter."

2.       The first sentence of Section 9.1 of the Financing Agreement shall be,
and hereby is, deleted in its entirety and replaced with the following:

         "Upon acceptance by us, this Agreement shall become effective as of
         January 24, 2002 and shall continue in full force and effect until
         January 1, 2009 (the "Initial Term"), and from year to year thereafter,
         unless sooner terminated as herein provided."

3.       The third paragraph of the Note shall be deleted in its entirety and
replaced with the following:

         "The principal balance of this Note shall be payable in eighty-three
         (83) equal consecutive monthly installments of Twelve Thousand U.S.
         Dollars ($12,000.00) each, with the first installment due and payable
         as of February 1, 2002, and each subsequent installment due and payable
         on the first business day of each month thereafter, and an eighty
         fourth (84th) and final consecutive monthly installment payment of One
         Million Four Thousand Dollars and 00/100 U.S. Dollars ($1,004,000.00)
         shall be due and payable on January 1, 2009."

================================================================================
<PAGE>

To compensate us for the use of our in-house legal department and facilities in
documenting this amendment, you hereby agree to pay us a Documentation Fee equal
to $300.00. Said amount shall be due and payable upon the date hereof and may,
at our option, be charged to any of your account(s) under the Loan Documents on
the due date thereof.

 Except as herein specifically provided, no other changes in the terms or
provisions of the Loan Documents are intended or implied. If the foregoing is in
accordance with your understanding, kindly sign and return to us the enclosed
copy of this letter to so indicate. In addition, we have asked the guarantors to
sign below to confirm that the foregoing shall not affect, modify or diminish
the guarantor's obligations under any instruments of guaranty and/or any related
pledge or security agreements executed in favor of CIT.

                                        Very truly yours,

                                        THECITGROUP/COMMERCIAL SERVICES, INC.

                                        By /s/ ANTHONY MONTEMARANO
                                           -------------------------------------
                                           Name:   Anthony Montemarano
                                           Title:  Vice President

Read and Agreed to:

LEVCOR INTERNATIONAL, INC.

By /s/ EDWARD F. COOKE   12/31/06
---------------------------------
Name:   Edward F. Cooke
Title:  VP, CFO

Confirmed:

BLUMENTHAL/LANSING COMPANY, LLC

By /s/ EDWARD F. COOKE  12/31/06           /s/ ROBERT A. LEVINSON
--------------------------------           -------------------------------------
Name:   Edward F. Cooke                     ROBERT A. LEVINSON, individually
Title:  President

================================================================================

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