Document:

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                                                                   Exhibit 10.35

                              MCKENNA CAPITAL, LLC

                  TRANSFER, CONSENT AND SETTLEMENT AGREEMENT

      THIS TRANSFER, CONSENT AND SETTLEMENT AGREEMENT (this "AGREEMENT") is
hereby made and entered into on April 12, 2002 by and among MKZ FUND, LLC, as
transferor (the "TRANSFEROR" or "MKZ"), MCKENNA ENTERPRISES, INC. ("MKE"), THE
MCKENNA GROUP, LLC ("MCKENNA GROUP"), GEOFFREY MOTT, an individual ("Mott"),
ZIASUN TECHNOLOGIES, INC. ("ZIASUN"), INVESTOOLS, INC. ("InvesTools") and
MCKENNA CAPITAL PARTNERS, LLC, a Delaware limited liability company (the
"MANAGING MEMBER"). All capitalized terms used but not defined herein shall have
the meanings set forth in the Amended and Restated Limited Liability Company
Agreement of MCKENNA CAPITAL, LLC, a Delaware limited liability company formerly
known as McKenna Venture Accelerator, LLC (the "FUND"), dated February 22, 2002
(the "OPERATING AGREEMENT"), attached as EXHIBIT A.

                                    RECITALS

      A. MKZ is a Non-Managing Member under the Operating Agreement.

      B. The Transferor failed to contribute a portion of its Capital
Contribution equal to $1,904,000 (the "DEFAULTED CAPITAL CONTRIBUTION") pursuant
to a Drawdown Notice issued by the Managing Member on April 2, 2001 and is in
breach of the Operating Agreement (the "BREACH").

      C. After the Breach, pursuant to a series of certain agreements, which
have been amended from time to time (the "INTERIM AGREEMENTS"), the Managing
Member has endeavored to assist MKZ, MKE and ZiaSun in curing the Breach without
waiving any of the rights or remedies the Fund has against each of them under
the Operating Agreement, the Interim Agreements and otherwise as equity or law.

      D. In order to resolve the Breach and settle any claims the parties hereto
may have against the others, MKZ desires, and each of MKE and ZiaSun desire to
cause MKZ, to assign, transfer and convey to the Managing Member, as the Fund's
nominee, MKZ's limited liability company membership interest in the Fund (the
"INTEREST") pursuant to the terms set forth herein.

      E. The Managing Member desires to acquire the Interest in the capacity of
the Fund's nominee in order to sell and transfer the Interest to one or more
third parties, including other Members not in default of their obligations to
the Fund, in accordance with Section 4.3 of the Operating Agreement (each a
"SUBSEQUENT TRANSFER"). In the event that the Managing Member is unable to
effect a Subsequent Transfer for all or a portion of the Interest, all right,
title and interest to the remaining Interest shall revert to the Managing Member
on such terms as contemplated hereby.

      F. The Managing Member desires to consent to the transfer of the Interest
pursuant to the terms set forth herein.

                                    AGREEMENT

      NOW, THEREFORE, in consideration of the promises and mutual covenants
herein contained and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:

1.    TRANSFER OF INTEREST.

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      (A) As of the Effective Date (as hereinafter defined), MKZ hereby assigns,
conveys and transfers to the Managing Member One Hundred Percent (100%) of MKZ's
right, title and interest in the Interest.

      (B) The Managing Member hereby accepts the Interest as nominee of the Fund
for the primary purpose of consummating a Subsequent Transfer.

      (C) As of the Effective Date, MKZ shall no longer be a Member and neither
MKZ, ZiaSun nor MKE shall have any rights or obligations in respect of the Fund
or under the Operating Agreement, including, without limitation, any right to
the Profits, Losses or distributions of the Fund, or any payments, including,
without limitation, any payments received by the Fund or the Managing Member in
connection with a Subsequent Transfer, or any Capital Contributions previously
made by MKZ, including, without limitation, any right to withdraw such paid-in
Capital Contributions; PROVIDED, HOWEVER, that MKE shall retain its rights and
obligations as the Special Member of the Fund and hereby assumes the obligation
to contribute $504,000 of the Defaulted Capital Contribution to the Fund (the
"MKE CAPITAL COMMITMENT"), which continues to be in default. MKE shall cooperate
with the Managing Member to satisfy its obligation to contribute the MKE Capital
Commitment to the Fund on terms acceptable to the Managing Member. MKE hereby
agrees that its obligation to satisfy the MKE Capital Commitment shall be
secured by its interest in the Fund as a Special Member and as such MKE's
Special Member Interest shall be treated as a Non-Managing Member Interest under
the Operating Agreement, including, without limitation, Section 4.3 thereof.

      (D) EFFECTIVE DATE. The Transfer shall be effective for all purposes under
the Operating Agreement as of January 1, 2002 (the "EFFECTIVE DATE").

      (E) MANAGING MEMBER CONSENT. The Managing Member hereby consents to the
Transfer as set forth in this Section 1 and any Subsequent Transfer and agrees
to amend Exhibit A of the Operating Agreement to reflect such transfers.

      (F) ACKNOWLEDGMENT OF BREACH. Each of MKZ, ZiaSun and MKE hereby
acknowledges the Breach.

      (G) SUBSEQUENT TRANSFER. The Managing Member may attempt to sell all or a
portion of the Interest in accordance with Section 4.3 of the Operating
Agreement. The parties acknowledge and agree that the Managing Member is acting
as nominee for the Fund and not for any other party. Upon the consummation of
one or more Subsequent Transfers that garners aggregate proceeds (net of any and
all out-of-pocket expenses, fees and commissions reasonably incurred, in the
sole discretion of the Managing Member, in connection with such Subsequent
Transfers) by the Fund in excess of $1,400,000, the Managing Member agrees to
(i) recommend to the Fund's Board of Directors (the "BOARD") that (A) fifty
percent (50%) of such net proceeds be contributed to the Fund as income and (B)
fifty percent (50%) to ZiaSun, and (ii) follow the Board's direction with
respect to treatment of such net proceeds. Notwithstanding the foregoing, in the
event that the Managing Member is unable to effect a Subsequent Transfer that
results in the contribution of all or a portion of the amount of the Defaulted
Capital Commitment with six (6) months after the date hereof, the Managing
Member shall be entitled to retain the Interest for itself, and not as nominee,
and be admitted as a Substituted Non-Managing Member if and to the extent and on
such terms and conditions as approved by the Board of Directors and a
majority-in-interest of the Non-Managing Members (excluding the Interest held by
the Managing Member, as nominee). In the event of one or more Subsequent
Transfers, the Managing Member will notify ZiaSun, within a reasonable period,
of the occurrence of one or more such transactions, the proceeds and costs
relating thereto, and the Board's determination with respect to excess proceeds,
if any. The parties acknowledge and agree that neither the Managing Member, the
Fund, McKenna Capital, Inc. nor any of

                                      -2-
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their respective predecessors, successors, assigns (past, present or future),
subsidiaries, parents, shareholders, directors, officers, employees, advisors,
attorneys or agents shall have any liability for any claim for damage or loss
(whether incidental, punitive, indirect or consequential even if apprised of the
possibility of such damage or loss) arising under any theory of contract, tort
(including negligence), strict liability or otherwise relating to, arising out
of or in connection with a Subsequent Transfer, including, without limitation,
failure to consummate a Subsequent Transfer, the determination of the Board with
respect to the net proceeds, if any, as contemplated above or retention of the
Interest by the Managing Member for itself and not as nominee of the Fund;
PROVIDED, HOWEVER, the Managing Member shall not be excused from following the
direction of the Board with respect to its determination as to the distribution,
if any, of such net proceeds.

      (H) Upon consummation of the Transfer, the parties agree that MKZ, ZiaSun
and MKE are hereby released from any obligations that any of them may have to
the Fund or under the Operating Agreement; PROVIDED, HOWEVER, MKE shall retain
its obligations as the Special Member of the Fund and its obligation to
contribute the MKE Capital Commitment, which continues to be in default.

2.    RELEASES

      (A) Each of InvesTools and ZiaSun, for itself and each of its respective
predecessors, successors, executors, administrators, heirs and estates; its
past, present and future assigns, agents and representatives; and each entity
that it has the power to bind (by act or signature) or over which it directly or
indirectly exercises control, including, without limitation, MKZ (each a "ZIASUN
RELEASING PARTY"), hereby unconditionally and completely releases, settles and
discharges the Fund, the Managing Member, the other Members, McKenna Capital,
Inc., McKenna Group, Mott and MKE, and each of their subsidiaries, parents,
shareholders, directors, officers, employees, advisors, attorneys, agents,
successors and assigns (collectively, the "ZIASUN RELEASED ENTITIES") from any
and all claims that a ZiaSun Releasing Party ever had, now has or hereafter may
have directly or indirectly by reason of any act, transaction, obligation,
matter, or cause of any kind occurring on or prior to the date hereof,
including, without limitation, any and all claims directly or indirectly a
result of, pursuant to, arising out of or relating to the Breach and the
Defaulted Capital Contribution, or any action or inaction by the ZiaSun Released
Entities, membership in MKZ, MKZ's membership in the Fund, the transfer of the
Interest, any Subsequent Transfer or dealing or transaction between any of the
ZiaSun Releasing Parties and the ZiaSun Released Entities, including, without
limitation, any claim for damage or loss (whether incidental, punitive, indirect
or consequential even if apprised of the possibility of such damage or loss)
arising under any theory of contract, tort (including negligence), strict
liability or otherwise, in each such case whether or not now known
(collectively, the "ZIASUN RELEASED CLAIMS"); PROVIDED, HOWEVER, ZiaSun Released
Claims shall not include claims for breach of this Agreement that any of the
ZiaSun Releasing Parties may have under this Agreement.

      (B) Each ZiaSun Releasing Party hereby agrees that it will not bring any
claim, action or suit of any sort based upon, arising out of, or related in any
way to the ZiaSun Released Claims and covenants and agrees not to assert such
claims, directly or indirectly, against any of the ZiaSun Released Entities.

      (C) Each of MKE, Mott and McKenna Group, for itself or himself and each of
its or his respective predecessors, successors, executors, administrators, heirs
and estates; its past, present and future assigns, agents and representatives;
and each entity that it has the power to bind (by act or signature) or over
which it directly or indirectly exercises control, including, without
limitation, MKZ (each a "MKE RELEASING PARTY"), hereby unconditionally and
completely releases, settles and discharges the Fund, the Managing Member,
McKenna Capital, Inc., the other Members, InvesTools and ZiaSun, and each of
their subsidiaries, parents, shareholders, directors, officers, employees,
advisors, attorneys, agents, successors and assigns (collectively, the "MKE
RELEASED ENTITIES") from any and all claims that a

                                      -3-
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MKE Releasing Party ever had, now has or hereafter may have directly or
indirectly by reason of any act, transaction, obligation, matter, or cause of
any kind occurring on or prior to the date hereof, including, without
limitation, any and all claims directly or indirectly a result of, pursuant to,
arising out of or relating to the Breach and the Defaulted Capital Contribution,
or any action or inaction by the MKE Released Entities, membership in MKZ, MKZ's
membership in the Fund, the transfer of the Interest, any Subsequent Transfer or
dealing or transaction between any of the MKE Releasing Parties and the MKE
Released Entities, including, without limitation, any claim for damage or loss
(whether incidental, punitive, indirect or consequential even if apprised of the
possibility of such damage or loss) arising under any theory of contract, tort
(including negligence), strict liability or otherwise, in each such case whether
or not now known (collectively, the "MKE RELEASED CLAIMS"); PROVIDED, HOWEVER,
MKE Released Claims shall not include claims for breach of this Agreement that
any of the MKE Releasing Parties may have under this Agreement.

      (D) Each MKE Releasing Party hereby agrees that it will not bring any
claim, action or suit of any sort based upon, arising out of, or related in any
way to the MKE Released Claims and covenants and agrees not to assert such
claims, directly or indirectly, against any of the MKE Released Entities.

      (E) Each of the Managing Member and the Fund, for itself and each of its
respective predecessors, successors, executors, administrators, heirs and
estates; its past, present and future assigns, agents and representatives; and
each entity that it has the power to bind (by act or signature) or over which it
directly or indirectly exercises control (each a "FUND RELEASING PARTY"), hereby
unconditionally and completely releases, settles and discharges MKZ, InvesTools,
ZiaSun, McKenna Group, Mott and MKE, and each of their subsidiaries, parents,
shareholders, directors, officers, employees, advisors, attorneys, agents,
successors and assigns (collectively, the "FUND RELEASED ENTITIES") from any and
all claims that a Fund Releasing Party ever had, now has or hereafter may have
directly or indirectly by reason of any act, transaction, obligation, matter, or
cause of any kind occurring on or prior to the date hereof, including, without
limitation, any and all claims directly or indirectly a result of, pursuant to,
arising out of or relating to the Breach and the Defaulted Capital Contribution,
or any action or inaction by the Fund Released Entities, membership in MKZ,
MKZ's membership in the Fund, the transfer of the Interest, any Subsequent
Transfer or dealing or transaction between any of the Fund Releasing Parties and
the Fund Released Entities, including, without limitation, any claim for damage
or loss (whether incidental, punitive, indirect or consequential even if
apprised of the possibility of such damage or loss) arising under any theory of
contract, tort (including negligence), strict liability or otherwise, in each
such case whether or not now known (collectively, the "FUND RELEASED CLAIMS");
PROVIDED, HOWEVER, Fund Released Claims shall not include claims for breach of
this Agreement that any of the Fund Releasing Parties may have under this
Agreement, including MKE's obligation in respect of the MKE Capital Commitment.

      (F) Each Fund Releasing Party hereby agrees that it will not bring any
claim, action or suit of any sort based upon, arising out of, or related in any
way to the Fund Released Claims and covenants and agrees not to assert such
claims, directly or indirectly, against any of the Fund Released Entities.

3.    CONDITIONS TO EFFECTING TRANSFERS.

       The obligations of the Managing Member to consummate and effect this
Agreement and the transactions contemplated hereby shall be subject to the
satisfaction of each of the following conditions:

      (A) Lee Barba shall resign from the Fund's Board and Investment Committee
upon the execution of this Agreement and MKZ and ZiaSun hereby agree that
neither of them shall be entitled to any right to appoint a successor to the
Board or such committee.

                                      -4-
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      (B) ZiaSun shall promptly reimburse the Managing Member for all of its
legal fees and expenses incurred in connection with the preparation, negotiation
and execution of this Agreement, which fees and expenses shall not exceed
$10,000.

4.    REPRESENTATIONS AND WARRANTIES

      Each of MKE, McKenna Group, Mott and ZiaSun, on behalf of itself and with
respect to itself only, hereby represents and warrants that, to the best of its
or his knowledge, (i) there are no members of MKZ other than MKE, ZiaSun and
McKenna Group, (ii) there are no managing members of MKZ other than McKenna
Group, MKE and Mott, and (iii) each of McKenna Group, MKE, Mott and ZiaSun has
full right, power and authority to enter into this Agreement. Each of the
Managing Member, the Fund, MKZ, MKE, McKenna Group, InvesTools and ZiaSun hereby
represents and warrants, on behalf of itself and with respect to itself only, to
each other as follows:

      (A) It is not relying on any representation or promise of any other person
in executing this Agreement or in making the release provided for herein, and
assumes the risk of any misrepresentation, concealment or mistake. If any of the
Managing Member, the Fund, MKZ, MKE, Mott, McKenna Group, InvesTools or ZiaSun
should subsequently discover that a fact relied upon by it in entering into this
Agreement was untrue, or that a fact was concealed from it, or that its
understanding of the facts or of the law was incorrect, such party shall not be
entitled to any relief in connection therewith, including, without limitation,
any alleged right or claim to set aside or rescind this Agreement and the
release contained in Section 2 above. This Agreement is intended to be and is
final and binding, regardless of any claims of misrepresentation, promise made
without the intention to perform, concealment of fact, mistake of fact or law,
or of any other circumstance.

      (B) Neither the Managing Member, the Fund, MKZ, McKenna Group, Mott, MKE,
InvesTools or ZiaSun has assigned, transferred, conveyed or otherwise disposed
of any Released Claim, or any direct or indirect interest in any such Released
Claim, in whole or in part.

      (C) The Fund, the Managing Member, ZiaSun, InvesTools and MKE shall have
been released from all obligations (contingent or otherwise) to MKZ.

      (D) This Agreement is a valid and binding obligation of each of the
Managing Member, the Fund, MKZ, MKE, McKenna Group, Mott, InvesTools and ZiaSun,
and is enforceable against each of them in accordance with its terms.

      (E) There is no action, suit, proceeding, dispute, litigation, claim,
complaint or investigation by or before any court, tribunal, governmental body,
governmental agency or arbitrator pending, or to the best of the knowledge of
the Managing Member, the Fund, MKZ, McKenna Group, Mott, MKE, InvesTools or
ZiaSun, threatened against any of them that challenges or would challenge the
execution and delivery of this Agreement or the taking of any of the actions
required to be taken by each of the Managing Member, the Fund, MKZ, MKE, McKenna
Group, Mott, InvesTools and ZiaSun.

      (F) Neither the execution and delivery of this Agreement nor the
performance hereof will (a) result in any violation or breach of any agreement
or other instrument to which it is a party or by which it is bound, or (b)
result in a violation of law, rule, regulation, treaty, ruling, directive,
order, arbitration award, judgment or decree to which it is subject.

      (G) No authorization, instruction, consent or approval of any person or
entity is required to be obtained by it in connection with the execution and
delivery of this Agreement or the performance hereof.

                                      -5-
<PAGE>

5.    MISCELLANEOUS.

      (A) SEVERABILITY. If any provision hereof is held under any circumstances
to be invalid or unenforceable in any jurisdiction, then (i) such provision
shall, with respect to such circumstances and in such jurisdiction, be deemed
amended to conform to applicable laws so as to be valid and enforceable to the
fullest possible extent, (ii) the validity or unenforceability of such provision
under such circumstances and in such jurisdiction shall not affect the validity
or enforceability of such provision under any other circumstances or in any
other jurisdiction, and (iii) such invalidity or enforceability shall not affect
the validity or enforceability of any other provision hereof. If any provision
hereof is held to be unenforceable against any person then the unenforceability
of such provision against such person, shall not affect the enforceability
thereof against any other person.

      (B) INTERPRETATION. Any rule of construction to the effect that
ambiguities are to be resolved against the drafting party shall not be applied
in the construction or interpretation of this Release.

      (C) SECTION 1542 OF THE CIVIL CODE. Each of the Managing Member, the Fund,
MKE, McKenna Group, Mott, InvesTools and ZiaSun (i) represents, warrants, and
acknowledges that it has been fully advised by its attorney of the contents of
Section 1542 of the Civil Code of the State of California, and (ii) hereby
expressly waives the benefits thereof and any rights such party may have
thereunder. Section 1542 of the Civil Code of the State of California provides
as follows:

            "A general release does not extend to claims which the creditor does
            not know or suspect to exist in his favor at the time of executing
            the release, which if known by him must have materially affected his
            settlement with the debtor."

      Each of the Managing Member, the Fund, MKE, McKenna Group, Mott,
InvesTools and ZiaSun also hereby waives the benefits of, and any rights it may
have under, any statute or common law principle of similar effect in any
jurisdiction.

      (D) ATTORNEY FEES. In the event of any litigation or dispute in connection
with the interpretation or enforcement of this Agreement, the prevailing party
shall be entitled to reasonable attorneys' fees and all costs of proceedings
incurred in enforcing this Agreement.

      (E) ENTIRE AGREEMENT; GOVERNING LAW; COUNTERPARTS; ORIGINALS. This
Agreement, including all documents incorporated herein by reference, constitutes
the complete and exclusive agreement between the parties with respect to the
subject matter hereof, and supersedes and replaces any and all prior or
contemporaneous discussions, negotiations, understandings and agreements,
written and oral, including the Interim Agreements, regarding such subject
matter. This Agreement shall be governed by and construed under the laws of the
State of California without regard to conflicts of law principles. This
Agreement may be executed in counterparts, each of which will be deemed an
original, but all of which together shall constitute one and the same
instrument. Once signed, any reproduction of this Agreement made by reliable
means (e.g., photocopy, facsimile) is considered an original.

                                    * * *

                 (REMAINDER OF PAGE INTENTIONALLY LEFT BLANK)

                                      -6-
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      IN WITNESS WHEREOF, the parties hereto have executed this Transfer,
Consent and Settlement Agreement as of the day first set forth above.

MKZ:

MKZ FUND, LLC                           MKZ FUND, LLC

Its Managers                            Its Members
By:  The McKenna Group, LLC             By:  McKenna Enterprises, Inc.

By:  /s/ GEOFFREY MOTT                  By:  /s/ GEOFFREY MOTT
     -------------------------------         -----------------------------------
Name:  GEOFFREY MOTT                    Name:  GEOFFREY MOTT
     -------------------------------         -----------------------------------
Title:  MANAGER                         Title:  PRESIDENT AND CHIEF EXECUTIVE
     -------------------------------            OFFICER
                                             -----------------------------------

By:  McKenna Enterprises, Inc.          By:  ZiaSun Technologies, Inc.

By:  /s/ GEOFFREY MOTT                  By:  /s/ PAUL A. HELBLING
     -------------------------------         -----------------------------------
Name:  GEOFFREY MOTT                    Name:  PAUL A. HELBLING
     -------------------------------         -----------------------------------
Title: PRESIDENT AND CHIEF EXECUTIVE   Title:  CFO
       OFFICER                               -----------------------------------
     -------------------------------

/s/ GEOFFREY MOTT                       By:  The McKenna Group, LLC
    --------------------------------
Geoffrey Mott, an Individual

                                        By:  /s/ GEOFFREY MOTT
                                             -----------------------------------
                                        Name:  GEOFFREY MOTT
                                             -----------------------------------
                                        Title:  MANAGER
                                             -----------------------------------

MKE:                                    MCKENNA ENTERPRISES, INC.

                                        By:  /s/ GEOFFREY MOTT
                                             -----------------------------------
                                        Name:  GEOFFREY MOTT
                                             -----------------------------------
                                        Title:  PRESIDENT AND CEO
                                             -----------------------------------

ZIASUN:                                 ZIASUN TECHNOLOGIES, INC.

                                        By:  /s/ PAUL A. HELBLING
                                             -----------------------------------
                                        Name:  PAUL A. HELBLING
                                             -----------------------------------
                                        Title:  CFO
                                             -----------------------------------

INVESTOOLS:                             INVESTOOLS, INC.

                                        By:  /s/ PAUL A. HELBLING
                                             -----------------------------------
                                        Name:  PAUL A. HELBLING
                                             -----------------------------------
                                        Title:  CFO
                                             -----------------------------------

MANAGING MEMBER:                        MCKENNA CAPITAL PARTNERS, LLC,
                                        for itself and McKenna Capital, LLC

                                        By:  /s/ STEPHEN T. MCGRATH
                                             -----------------------------------
                                        Name:  STEPHEN T. MCGRATH
                                             -----------------------------------
                                        Title:  MANAGING MEMBER
                                             -----------------------------------

                                SIGNATURE PAGE TO
                              MCKENNA CAPITAL, LLC
                   TRANSFER, CONSENT AND SETTLEMENT AGREEMENT<PAGE>
                                                                   Exhibit 10.36

                              ADDENDUM TO AGREEMENT

      This ADDENDUM TO AGREEMENT ("ADDENDUM") is made and entered into as of
this 12th day of April, 2002, by and among MKZ Fund, LLC, a limited liability
company ("MKZ FUND"); The McKenna Group, LLC, a California limited liability
company ("THE MCKENNA GROUP"); McKenna Enterprises, Inc., a California
corporation ("MKE"); and ZiaSun Technologies, Inc., a Nevada corporation
("ZIASUN"); and each of the persons and entities executing this Addendum as a
managing member of MKZ Fund (collectively "MKZ FUND MANAGING MEMBER");
collectively hereinafter "PARTY" in the singular and "PARTIES" in the plural.

                               R E C I T A L S

      A. MKZ Fund acquired a membership interest (the "MVA MEMBERSHIP INTEREST")
in McKenna Venture Accelerator, LLC, a Delaware limited liability company, now
known as McKenna Capital, LLC ("MVA").

      B. Pursuant to paragraph Fourth of that certain Agreement, dated as of
December 5, 2001, entered into by the Parties (the "DECEMBER 2001 Agreement"),
MKZ Fund assigned and transferred to ZiaSun all of MKZ Fund's right, title and
interest in the MVA Membership Interest (the "MKZ TRANSFER").

      C. Concurrently with the execution of this Addendum: (1) the Parties are
entering into that certain Agreement of even date (the "MKZ AGREEMENT") for the
purpose of clarifying their relationships and actions as members and/or managers
of MKZ Fund. A copy of the MKZ Agreement is attached hereto as Exhibit A and by
reference incorporated herein; and (2) the Parties, together with McKenna
Capital Partners, LLC, the managing member of MVA (the "MVA MANAGING MEMBER"),
and others, intend to execute that certain Transfer, Consent and Settlement
Agreement of even date herewith (the "SETTLEMENT AGREEMENT").

      D. The MVA Managing Member has asserted that it did not consent to the MKZ
Transfer as required by MVA's operating agreement, and that, therefore, the MKZ
Transfer is ineffective. Nevertheless, the MVA Managing Member is willing to
consent to a transfer of the MVA Membership Interest pursuant to the terms of
the Settlement Agreement.

      E. The Parties are executing this Addendum for the purpose of evidencing
their agreement that (1) in lieu of the purported MKZ Transfer pursuant to the
December 2001 Agreement, the MVA Membership shall be transferred pursuant to the
terms and conditions of the Settlement Agreement; (2) the December 2001
Agreement shall be superceded in its entirety by this Addendum, the MKZ
Agreement and the Settlement Agreement and shall be of no further force or
effect; (3) MKE shall retain the Equity Stubs (as defined in the December 2001
Agreement) that it received pursuant to the December 2001 Agreement; (4) ZiaSun
shall transfer its membership interest in MKZ Fund (the "MKZ MEMBERSHIP
INTEREST") to MKE; and (5) all of the Parties except ZiaSun, on the one hand,
and ZiaSun, on the other hand, shall release each other from any claims and
liabilities relating to MKZ Fund.

      NOW, THEREFORE, in consideration of the mutual covenants of the Parties
set forth herein, and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the Parties agree as follows:

1.    TRANSFER OF MVA  MEMBERSHIP  INTEREST.  Subject to the  satisfaction  of
the conditions set forth in paragraph 5 below:

      A. The Parties acknowledge that the MVA Managing Member has asserted that
it did not consent to the MKZ Transfer and that therefore MVA does not recognize
such transfer as effective under the MVA operating agreement. Accordingly, the
Parties hereby agree that the purported MKZ Transfer is ineffective and of no
force or effect. In lieu thereof, pursuant to the terms and conditions of the

<PAGE>

Settlement Agreement, MKZ Fund shall transfer the MVA Membership Interest to the
MVA Managing Member. The Parties hereby unconditionally consent to such transfer
of the MVA Membership Interest and hereby authorize the MKZ Fund Managing Member
to execute the Settlement Agreement on behalf of MKZ Fund for all purposes set
forth therein, including, without limitation, to effect immediately such
transfer of the MVA Membership Interest. The Parties expressly agree that no
further action or consent by any of them shall be necessary to authorize or
effect such transfers of the MVA Membership Interest; and

      B. MKE shall retain the Equity Stubs.

2. TRANSFER OF MKZ MEMBERSHIP INTEREST. Subject to the satisfaction of the
conditions set forth in paragraph 5 below:

      A. ZiaSun hereby assigns, conveys and transfers to MKE all of ZiaSun's
rights, title and interest in the MKZ Membership Interest, and MKE hereby
accepts the assignment of the MKZ Membership Interest. ZiaSun shall no longer be
a member of MKZ and shall have no rights, liabilities or obligations in respect
of MKZ Fund or under the Limited Liability Company Operating Agreement of MKZ
Fund, dated as of July 14, 2000, as amended, modified or restated in any manner
(the "MKZ FUND OPERATING AGREEMENT"), including without limitation any right to
the profits, losses or distributions of MKZ Fund.

      B. The Parties hereby approve such transfer of the MKZ Membership
Interest, and the MKZ Fund Managing Member hereby agrees to amend the MKZ Fund
Operating Agreement to reflect such transfer.

      C. The Parties hereby agree that MKE, as ZiaSun's transferee of the MKZ
Membership Interest, and not ZiaSun, shall be responsible for all expenses
incurred by the MKZ Fund Managing Member in connection with such transfer and
shall indemnify MKZ Fund and the MKZ Fund Managing Member in the manner required
by Section 10.2 of the MKZ Fund Operating Agreement.

      D. The following agreements, together with any amendments or addenda
thereto (collectively, the "TERMINATED AGREEMENTS"), are hereby terminated and
shall be of no further force and effect: (1) Business Agreement, dated April 20,
2000 by and between ZiaSun and The McKenna Group; (2) Venture Fund Agreement,
dated July 3, 2001, by and among ZiaSun Technologies, Inc., The McKenna Group
and MKE; and (3) Agreement, executed by ZiaSun Technologies, Inc. on April 13,
2001 with MKE.

3. RELEASE. Subject to the satisfaction of the conditions set forth in paragraph
5 below:

      A. Each of Parties except ZiaSun, for itself and each of its respective
predecessors and successors; its past, present and future assigns, agents and
representatives; and each entity that it has the power to bind (by act or
signature) or over which it directly or indirectly exercises control, including,
without limitation, MKZ Fund (each a "MKZ RELEASING PARTY"), hereby
unconditionally and completely releases, settles and discharges ZiaSun, and each
of its subsidiary, affiliated and parent entities, and their respective
shareholders, directors, officers, employees, advisors, attorneys, agents,
successors and assigns (collectively, the "MKZ RELEASED ENTITIES") from any and
all claims that a MKZ Releasing Party ever had, now has or hereafter may have
directly or indirectly by reason of any act, transaction, obligation, matter, or
cause of any kind occurring on or prior to the date hereof, including, without
limitation, any and all claims directly or indirectly a result of, pursuant to,
arising out of or relating to the Breach (as defined in the Settlement
Agreement), or the Defaulted Capital Contribution (as defined in the Settlement
Agreement), or any breach of the MKZ Fund Operating Agreement, or any action or
inaction by the MKZ Released Entities, or the membership in MKZ Fund, or the
transfer of the MKZ Membership Interest, or any of the Terminated Agreements, or
any dealing or transaction between any of the MKZ Releasing Parties and the MKZ
Released Entities, including, without limitation, any claim for damage or loss
(whether incidental, punitive, indirect or consequential even if apprised of the
possibility of such damage or loss) arising under any theory of contract, tort
(including negligence), strict liability or otherwise, in each such case whether
or not now known (collectively, the "MKZ RELEASED CLAIMS"); PROVIDED, HOWEVER,

                                      -2-
<PAGE>

the MKZ Released Claims shall not include claims that any of the MKZ Releasing
Parties may have for any breach of this Addendum, the MKZ Agreement or the
Settlement Agreement.

      B. Each MKZ Releasing Party hereby agrees that it will not bring any
claim, action or suit of any sort based upon, arising out of, or related in any
way to the MKZ Released Claims and covenants and agrees not to assert such
claims, directly or indirectly, against any of the MKZ Released Entities.

      C. ZiaSun, for itself and each of its respective predecessors and
successors; its past, present and future assigns, agents and representatives;
and each entity that it has the power to bind (by act or signature) or over
which it directly or indirectly exercises control, including, without
limitation, MKZ Fund (each a "ZIASUN RELEASING PARTY"), hereby unconditionally
and completely releases, settles and discharges each of the Parties except
ZiaSun, and each of the Parties' subsidiary, affiliated and parent entities, and
their respective shareholders, members, managers, directors, officers,
employees, advisors, attorneys, agents, successors and assigns (collectively,
the "ZIASUN RELEASED ENTITIES") from any and all claims that a ZiaSun Releasing
Party ever had, now has or hereafter may have directly or indirectly by reason
of any act, transaction, obligation, matter, or cause of any kind occurring on
or prior to the date hereof, including, without limitation, any and all claims
directly or indirectly a result of, pursuant to, arising out of or relating to
the Breach or the Defaulted Capital Contribution, or any breach of the Operating
Agreement, or any action or inaction by the MKZ Released Entities, or the
membership in MKZ Fund, or the transfer of the MKZ Membership Interest, or any
of the Terminated Agreements, or any dealing or transaction between any of the
ZiaSun Releasing Parties and the ZiaSun Released Entities, including, without
limitation, any claim for damage or loss (whether incidental, punitive, indirect
or consequential even if apprised of the possibility of such damage or loss)
arising under any theory of contract, tort (including negligence), strict
liability or otherwise, in each such case whether or not now known
(collectively, the "ZIASUN RELEASED CLAIMS"); PROVIDED, HOWEVER, the ZiaSun
Released Claims shall not include claims that any of the ZiaSun Releasing
Parties may have for any breach of this Addendum, the MKZ Agreement or the
Settlement Agreement. (The MKZ Released Claims and the ZiaSun Released Claims
are collectively referred to as the "RELEASED CLAIMS.").

      D. Each ZiaSun Releasing Party hereby agrees that it will not bring any
claim, action or suit of any sort based upon, arising out of, or related in any
way to the ZiaSun Released Claims and covenants and agrees not to assert such
claims, directly or indirectly, against any of the ZiaSun Released Entities.

4. REPRESENTATIONS AND WARRANTIES. Each Party hereby represents and warrants, on
behalf of itself and with respect to itself only, to each of the other Parties
as follows:

      A. The Party has not assigned, transferred, conveyed or otherwise disposed
of any Released Claims, or any direct or indirect interest in any such Released
Claims, in whole or in part.

      B. Each of the Addendum, the MKZ Agreement and the Settlement Agreement is
a valid and binding obligation of the Party and is enforceable against such
Party in accordance with its terms.

      C. There is no action, suit, proceeding, dispute, litigation, claim,
complaint or investigation by or before any court, tribunal, governmental body,
governmental agency or arbitrator pending, or to the best of the Party's
knowledge, threatened against any of the Parties that challenges or would
challenge the execution and delivery of this Addendum or the taking of any of
the actions required to be taken by each of the Parties.

      D. Neither the execution and delivery of this Addendum, the MKZ Agreement
or the Settlement Agreement nor the performance thereof will (a) result in any
violation or breach of any agreement or other instrument to which it is a party
or by which it is bound, or (b) result in a violation of law, rule, regulation,
treaty, ruling, directive, order, arbitration award, judgment or decree to which
it is subject.

                                      -3-
<PAGE>

      E. No authorization, instruction, consent or approval of any person or
entity is required to be obtained by it in connection with the execution and
delivery of this Addendum or the performance hereof.

5. EXECUTION OF THE SETTLEMENT AGREEMENT; EFFECTIVENESS OF ADDENDUM AND
SETTLEMENT AGREEMENT. The Parties hereby agree to execute the Settlement
Agreement and the MKZ Agreement concurrently with the execution of this
Addendum. None of this Addendum, the MKZ Agreement and the Settlement Agreement
shall be effective or binding upon any of the Parties until each such agreement
has been executed by each of the respective parties thereto.

6. ENTIRE AGREEMENT. The Parties further agree that this Addendum, the MKZ
Agreement and the Settlement Agreement, upon full execution thereof, shall
supercede and replace the December 2001 Agreement in its entirety and shall be
the sole and exclusive agreements among the Parties concerning the subject
matter hereof.

7. FURTHER ASSURANCES. Each Party, upon the request of any other Party, shall
promptly take all such action and execute such other documents and instruments
that may be necessary, advisable or useful to convey the full benefit of the
transactions contemplated hereby.

8. GOVERNING LAW. This Addendum shall be governed by and construed under the
laws of the State of California without regard to without regard to conflicts of
law principles.

9. COUNTERPARTS; ORIGINALS. This Addendum may be executed in counterparts, each
of which will be deemed an original, but all of which together shall constitute
one and the same instrument. Once signed, any reproduction of this Addendum made
by reliable means (e.g., photocopy, facsimile), is considered an original.

10. SECTION 1542 OF THE CIVIL CODE. Each of the Parties (i) represents,
warrants, and acknowledges that it has been fully advised by its attorney of the
contents of Section 1542 of the Civil Code of the State of California, and (ii)
hereby expressly waives the benefits thereof and any rights such party may have
thereunder. Section 1542 of the Civil Code of the State of California provides
as follows:

      "A general release does not extend to claims which the creditor does not
      know or suspect to exist in his favor at the time of executing the
      release, which if known by him must have materially affected his
      settlement with the debtor."

Each of the Parties also hereby waives the benefits of, and any rights it may
have under, any statute or common law principle of similar effect in any
jurisdiction.

                           [SIGNATURE PAGE TO FOLLOW]

                                      -4-
<PAGE>

IN WITNESS WHEREOF, the Parties have executed this Addendum as of the first day
set forth above.

MKZ FUND:                               MKZ FUND, LLC

                                        BY MKZ FUND MANAGING MEMBER:

                                              THE MCKENNA GROUP, LLC

                                              By:  /s/ GEOFFREY MOTT
                                              ----------------------------
                                              Name:  Geoffrey Mott
                                              Title:  Manager

                                              MCKENNA ENTERPRISES, INC.

                                              By:  /s/ GEOFFREY MOTT
                                              ----------------------------
                                              Name:  Geoffrey Mott
                                              Title: President/CEO

                                              ----------------------------
                                              GEOFFREY MOTT, AN INDIVIDUAL

MKE:                                    MCKENNA ENTERPRISES, INC.

                                        By:  /s/ GEOFFREY MOTT
                                             -----------------------------
                                        Name:  Geoffrey Mott
                                        Title:  President/CEO

ZIASUN:                                 ZIASUN TECHNOLOGIES, INC.

                                        By:  /s/ PAUL A. HELBLING
                                             -----------------------------
                                        Name:  PAUL A. HELBLING
                                        Title:

                                      -5-
<PAGE>

                                    EXHIBIT A

                                    AGREEMENT

      This AGREEMENT ("AGREEMENT") is made and entered into as of this 5th day
of December, 2001, by and among McKenna Enterprises, Inc. a California
corporation ("MKE"), ZiaSun Technologies, Inc., a Nevada corporation ("ZiaSun"),
and MKZ Fund, LLC, a Delaware limited liability company ("MKZ").

                                 R E C I T A L S

      A.  MKE and ZiaSun are the only two (2) members of MKZ.

      B.  In accordance with various agreements between MKE and ZiaSun, ZiaSun
          originally was obligated to make cash contributions into MKZ in the
          aggregate amount of $15,000,000.00; $8,000,000.00 thereof was to be
          utilized by MKZ to make a required capital contribution in such amount
          to McKenna Venture Accelerator, LLC, a Delaware limited liability
          company ("MVA"), in order to purchase a membership interest in MVA
          ("MVA MEMBERSHIP INTEREST") and the remaining $7,000,000.00 was to be
          used by MKZ to purchase equity interests ("EQUITY STUBS") in investee
          companies.

      C.  ZiaSun contributed directly to MKZ $4,364,000.00 in cash of the
          $8,000,000.00 and MKZ utilized such funds to make a $4,364,000.00
          capital contribution to MVA toward the purchase of the MVA Membership
          Interest.

      D. ZiaSun contributed indirectly to MKZ $1,850,000.00 by remitting such
amount directly to MVA as a capital contribution by MKZ toward the purchase of
the MVA Interest.

      E. MKZ has thus contributed to MVA $6,214,000.00 of its $8,000,000.00
capital contribution obligation leaving an unpaid balance of $1,786,000.00.

F. ZiaSun contributed directly to MKZ $940,000.00 of the $7,000,000.00 which MKZ
utilized to purchase the Equity Stubs identified on EXHIBIT A attached hereto
which are owned by MKZ in its name.

      G.  MKZ, MKE and ZiaSun subsequently agreed to reduce ZiaSun's
          $7,000,000.00 contribution obligation to $940,000.00 reflecting the
          consideration paid for the Equity Stubs thereby eliminating ZiaSun's
          obligation to contribute the balance of such $7,000,000.00, i.e.,
          $6,060,000.00.

                                      -6-
<PAGE>

      H.  ZiaSun desires to have MKE assume $386,000.00 of MKZ's remaining
          contribution obligation to MVA in exchange for the assignment and
          transfer to MKE of all of MKZ's right, title and interest in the
          Equity Stubs which, in effect, will relieve ZiaSun of $386,000.00 of
          its remaining capital contribution obligation to MKZ, and MKE is
          willing to agree to this exchange.

      I.  ZiaSun desires to have MKZ assign and transfer to ZiaSun all of MKZ's
          right, title and interest in the MVA Membership Interest which MKZ is
          willing to do if ZiaSun expressly assumes all of MKZ's obligations
          with respect to the MVA Membership Interest including, without
          limitation, the obligation to make the remaining capital contribution
          in the amount of $1,786,000.00 to MVA with respect thereto.

      NOW, THEREFORE, in consideration of the mutual covenants and promises
contained herein, the parties hereto agree as follows:

      FIRST, MKE hereby expressly assumes $386,000.00 of MKZ's remaining
            obligation to make a capital contribution in the amount of
            $1,786,000.00 to MVA and MKE shall immediately contact MVA to obtain
            MVA's agreement regarding the timing and manner of payment of such
            $386,000.00 payment by MKE.

      SECOND, MKZ hereby assigns and transfers to MKE all of MKZ's right, title
            and interest in the Equity Stubs.

      THIRD, ZiaSun hereby expressly assumes all of MKZ's obligations with
            respect to the MVA Membership Interest including, without
            limitation, the obligation to make the remaining capital
            contribution in the amount of $1,400,000.00 to MVA with respect
            thereto.

      FOURTH, MKZ hereby assigns and transfers to ZiaSun all of MKZ's right,
            title and interest in the MVA Membership Interest.

      FIFTH, Each party hereto, upon the request of any other party, shall
            promptly take all such action and execute such other documents and
            instruments that may be necessary, advisable or useful to convey the
            full benefit of the transactions contemplated hereby to such other
            party.

      SIXTH, this Agreement, and all matters and disputes arising with respect
            to it, shall be governed by the law of the State of California
            without reference to rules governing conflicts of law.

                                      -7-
<PAGE>

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

McKENNA ENTERPRISES, INC.                 ZiaSun Technologies, Inc.
a California corporation                        a Delaware corporation

By: /s/ GEOFF MOTT                    By: /s/ D. SCOTT ELDER
    --------------------------            ------------------------------

Name: GEOFF MOTT                      Name: D. SCOTT ELDER
    --------------------------            ------------------------------

Title: CEO                            Title: CEO
    --------------------------            ------------------------------

MKZ FUND, LLC
a Delaware limited liability company

By:   /s/ GEOFF MOTT
      ------------------------

Name: GEOFF MOTT
      ------------------------

Title: MANAGER
       -----------------------

                                      -8-
<PAGE>

                                    EXHIBIT A

Equity stubs purchased with ZiaSun contributions:

---------------------------------------------------------------------------
  DATE                DESCRIPTION                              AMOUNT
---------------------------------------------------------------------------
04/25/00     OneSecure equity stub                           $ 100,000
---------------------------------------------------------------------------
04/25/00     EnQuo equity stub                                 100,000
---------------------------------------------------------------------------
08/14/00     B2BWeb equity stub                                150,000
---------------------------------------------------------------------------
11/21/00     HomeDirector equity stub                           75,000
---------------------------------------------------------------------------
11/21/00     eVision equity stub                                65,000
---------------------------------------------------------------------------
11/21/00     Last Mile Services equity stub                     65,000
---------------------------------------------------------------------------
11/21/00     iSXequity stub                                    100,000
---------------------------------------------------------------------------
01/30/01     Last Mile Services equity stub                     35,000
---------------------------------------------------------------------------
01/31/01     Tradeworx equity stub                             250,000
---------------------------------------------------------------------------
TOTAL                                                        $ 940,000
---------------------------------------------------------------------------

                                       -9-

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