Document:

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                                                                 Exhibit 10.15

                           [TASER INTERNATIONAL LOGO]

       7860 E. McClain Drive, Suite #2, Scottsdale, Arizona 85260, U.S.A.
       ___________________________________________________________________
            Tel.: (480) 991-0797, Fax: (480) 991-0791 *www.TASER.com
           __________________________________________________________

                  INDEPENDENT SALES REPRESENTATIVE AGREEMENT

This agreement, entered into as of __________________, 2001, by and between
TASER(R) International, a corporation organized and existing under the laws of
the State of Delaware (hereinafter referred to as TASER), and _________________,
(hereinafter referred to as Sales Representative).

WHEREAS, TASER is engaged in the manufacture, sale and distribution of
Less-Lethal Defense products and related accessories suitable for law
enforcement and commercial markets; and

WHEREAS, TASER and the Sales Representative desire to enter into a
relationship, whereby Sales Representative will promote the sale of TASER
products in the geographical areas hereinafter described, upon the terms and
conditions hereinafter set forth.

NOW, THEREFORE, for good and valuable considerations, the receipt and
sufficiency of which is hereby acknowledged, it is mutually agreed upon as
follows:

1. TERRITORY:

The Sales Representative's territory will consist of the area described below:

_______________________________________________________________________________

     It is understood that TASER has the right to select and appoint
Distributors in Sales Representative's territory. TASER reserves the right to
amend the forgoing territory in its sole discretion, if the Sales
Representative does not meet annual sales objectives, Amendment of the forgoing
can occur anytime during the contract period.

2. DUTIES OF SALES REPRESENTATIVE

The Sales Representative will use its best efforts to solicit orders for the
sale of TASER products by presenting TASER's products in a clear,
understandable and professional manner. In this regard, Sales Representative
will present TASER products and accessories to federal, state and local law
enforcement personnel, wholesalers, retailers, and consumers within the Sales
Representative's territory. Sales Representative will at all times emphasize
and adhere to all regulations and practices relating to user safety, shall at
all times maintain a professional

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                           [TASER INTERNATIONAL LOGO]

   appearance and shall provide after-sales service to any customer who has
   purchased or purchases TASER products and accessories. Sales Representatives
   agree to submit updated company resume's. These resume's shall include a
   complete listing of all other products for which the group has a
   representative, location of any offices and numbers of all representatives
   employed by the Sales Representatives Group, and the particular territories
   assigned to said Group's representatives. Also, if there are representatives
   who are not TASER active within the group, the number and names of those
   individuals should also be supplied with the Company resume.

3. SOLICITATION AND / OR PURCHASE ORDERS

   All Sales Representatives' solicitations and/or purchase orders will be
   conducted in accordance with such procedures, prices, and terms and
   conditions as TASER may specify from time to time. All purchase orders or
   sales orders are subject to TASER's approval. TASER will prepare and deliver
   all invoices for billing to customers. Sales Representative must assist TASER
   in collecting unpaid invoices upon request by TASER. In addition, Sales
   Representative will assist TASER in the resolution of any and all disputes,
   adjustments, or other differences between TASER and any customers and / or
   distributors.

4. NO AGENCY

   Sales Representative is an independent contractor and under no circumstances
   will Sales Representative commit TASER to the delivery of TASER products and
   accessories purport to legally bind TASER in any matter, or hold himself out
   as an employee or agent with legal authority to bind TASER. All accepted
   purchase orders, whether or not delivery dates are specified, shall be
   subject to delays in manufacture or delivery due to any cause beyond TASER's
   reasonable control. In keeping with the foregoing, no representative may
   carry a business card that is TASER exclusive. As a broad parameter, Sales
   Representative Groups may include the TASER logo on the bottom of their card,
   however a sample must be submitted to TASER, prior to the printing of the
   same for TASER's written approval.

5. RULES OF CONDUCT

   In the course of representing TASER, Sales Representative shall adhere to the
   following rules of conduct, which include, but are not limited to:

        (a) Sales representative shall not disparage, denigrate, "run down" or
            make any negative comments regarding another manufacturer or
            competitors' product.

        (b) Sales Representative shall not solicit or sell TASER products, or
            enter into a type of arrangement, wherein the sale of TASER products
            is made

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                                  [TASER LOGO]
                              [INTERNATIONAL LOGO]

            conditional in any way on a user's purchase of another company's
            products.

        (c) Sales Representative shall at all times maintain a professional
            appearance and shall not perform any of his duties set forth in
            this agreement, while intoxicated in any manner or under the
            influence of any illegal drug.

        (d) Under no circumstances shall the representative market, sell,
            distribute, solicit, or be involved in any way with another
            manufacturer of less-lethal weapons and/or accessories, without the
            express written approval of TASER.

        (e) Under no circumstances shall the representative market, sell or
            demonstrate TASER products and accessories together with any after-
            market product that has not been approved by TASER for use.
            Furthermore, no TASER demonstration sample will be equipped or
            modified with any after-market accessory or component, including,
            but not limited to sights, holsters, or batteries not recommended
            for use by TASER.

        (f) Sales Representatives understand and agree that any failure to
            enforce the paragraphs contained in section 5 of this agreement is
            not to be considered a waiver of TASER's rights hereunder and
            representative hereby waives any right they may have to the defense
            of laches.

Any violation of any of the above provisions shall be grounds for immediate
termination by TASER of this Agreement.

6. PERSONNEL

Sales Representative shall maintain a mutually agreed upon number of personnel
to adequately provide the services required under this agreement, including,
but not limited to, after-sales service. Sales Representative shall not use any
person to perform any duties under this Agreement, unless said person has
completed all the following:

        (a) Successfully passed the TASER presentation and Product Training
            Course, Safety Course, and any other tests or courses TASER deems
            necessary to perform the duties as provided herein.

        (b) Received TASER written approval to market TASER less-lethal weapons
            and accessories.

In the event any person employed by, or affiliated with Sales Representative,
performs any duties related to TASER, which arise out of, or refer in any way
to this agreement or this paragraph, Sales Representative shall waive their
right to receive commissions and TASER shall have the right to immediately
terminate this Agreement. Sales

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                           [TASER INTERNATIONAL LOGO]

Representative agrees and understands that the Sales Management of TASER may,
at any time, request that a member of the representative group take a TASER
Course and successfully pass in order to represent TASER products.

7. USE OF INFORMATION

Only TASER approved information, and terms and conditions will be used in any
advertising, sales promotions, solicitation and other duties set forth in this
Agreement. Sales Representative will not undertake to design or re-engineer
TASER products and accessories, or advise any person on any technical
specification, training practices, use of force recommendations, bulletins, or
accepted practices of applicable TASER safety matters.

IN THE EVENT SALES REPRESENTATIVE ADVISES ANY PERSON CONTRARY TO TASER
POLICIES, SPECIFICATIONS, TERMS AND CONDITIONS OR PROCEDURES CONCERNING TASER'S
PRODUCT LINE, OR THE PROPER USE OF TASER PRODUCTS, OR INDUCES ANY PERSON TO USE
OR APPLY TASER'S PRODUCTS BY MISREPRESENTATION OF THE PRODUCT, ITS
CHARACTERISTICS, USE, COST, AVAILABILITY, SAFETY OR APPLICATIONS, SALES
REPRESENTATIVE SHALL INDEMNIFY, DEFEND, PAY, SAVE AND HOLD TASER HARMLESS FROM
ANY AND ALL CLAIMS, COSTS, JUDGEMENTS, AND DAMAGES, INCLUDING REASONABLE
ATTORNEY'S FEES AND EXPENSES OF COUNCIL, WHICH ARE INCURRED AS A DIRECT OR
INDIRECT CONSEQUENCE THEREOF.

8. REPORTING AND SALES FORECASTS

Sales Representative must quarterly and as soon as available provide TASER with:

        (a) Market information available from Customers, including, but not
            limited to, competitive pricing on less-lethal weapons and
            applicable accessories, new product information introduced by
            potential competitors, warranties (and requirement for such
            warranties) being issued by competitors; delivery schedules of
            competitors; competitors training policies, procedures and
            associated costs; feedback from customers with respect to
            competitors' policies, procedures, and problem areas.
            Notwithstanding the forgoing, in no event shall the above
            information or any other information be obtained from competitors by
            Sales Representative. In no event shall the above information or any
            documents or information required by TASER pursuant to this
            agreement be released, disclosed, or disseminated in any way to
            other personnel, firm, or other entity during the term of this
            Agreement and for a period of two (2) years after its termination
            without TASER's express written consent.

        (b) Forecasts by territory, with respect to the total number of TASER
            less-lethal weapons expected to be sold (broken down and separated
            by law

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                                  [TASER INTERNATIONAL LOGO]

            enforcement and commercial sales, by state). These forecasts will
            be updated at least every 3 months, and sooner if a moderate market
            change occurs, that impacts the sales forecast and production
            schedule. Failure to make satisfactory progress toward meeting sales
            forecasts and previously agreed upon sales goals shall be grounds
            for termination of this Sales Representative Agreement.

        (c) The Sales Representative shall submit monthly a sales activity
            report within the assigned territory. This report can be given
            verbally to the US Sales Manager or in writing.

        (d) Copies of all correspondence between Sales Representative and
            customers, including, but not limited to, quotations, proposals,
            TASER presentation appointments and warranty matters.

        (e) All reports, forecasts, or correspondence required by this
            paragraph must be submitted to the Sales Representative's Regional
            Sales Manager/Director, or the TASER US Sales Manager for
            verification and follow-up, no later than fifteen (15) days after
            the close of each quarter or year.

        (f) Attached hereto and made a part hereof are copies of forecasts
            prepared by TASER based on the historical data for the assigned
            territory(s) in regard to the Sales Representative's performance.
            These forecasts will be used in evaluating the Sales
            Representative's performance during the semi-annual reviews. TASER
            reserves the right not to renew or to terminate Sales
            Representative's Agreements if the Sales Representative does not
            meet the law enforcement sales target of 50% of sales in the
            forecasts attached hereto.

9. COMMISSIONS

Subject to the terms and conditions of this Sales Representative Agreement,
Sales Representative will receive a commission on net sales (excluding freight
charges, distributor overages, trade-ins or upgrades, and/or applicable taxes
and discounts taken by the customer) to approved customers in accordance with
the following schedule:

        (a) Seven percent (7%) of the total net sales shall be paid to the Sales
            Representative within forty-five (45) days of payment by the
            customer to TASER, for orders shipped into a Sales Representative's
            territory.

        (b) An additional three percent (3%) of net sales, if the Sales
            Representative surpasses the law enforcement sales forecast within a
            three (3) months period.

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                                  [TASER INTERNATIONAL LOGO]

        (c) In the event TASER is not paid within sixty (60) days of specified
            invoice terms, Sales Representative shall receive no commission for
            late payment of an invoice. This paragraph is not applicable to law
            enforcement orders, which will be handled on a case-by-case basis.

        (d) Any dispute or claim with respect to the entitlement and/or amount
            of commissions shall be made in writing to TASER within forty-five
            (45) days from the end of the month for which commissions are
            claimed as to entitlement and/or amount. Failure to timely raise in
            writing any claims or disputes with respect to entitlement or amount
            shall constitute a total waiver by Sales Representative for any such
            commissions.

        (e) No commissions are payable for Export orders shipped and/or invoiced
            into a Sales Representatives territory.

10. HOUSE ACCOUNTS

TASER shall have the unqualified and absolute right at any time to designate any
competitive bidding or procurement for any Governmental entity (Military,
Federal, State, Municipal, and local levels) as a House Account, for which Sales
Representative shall receive no commission, unless otherwise mutually agreed
upon in writing with TASER. Sales Representatives shall receive no commissions
on house accounts. TASER also reserves the right to designate any commercial
accounts as house accounts if, in TASER's sole discretion, the Sales
Representative is not properly servicing those accounts.

11. SAMPLES

Any samples provided by TASER to Sales Representative shall remain the property
of TASER, cannot be sold or transferred to any other person and must be
returned to TASER upon request. It shall be the responsibility of the Sales
Representative group principal to ensure that each of their Sales
Representative, who is TASER active, has in his or her possession, or has
readily available access to a complete line of TASER products. All samples are
subject to review at any time by TASER and under no circumstances may be sold,
transferred, conveyed, pledged, or hypothecated to any individual or any other
entity, unless approved in advance in writing by TASER. Failure of Sales
Representative to maintain samples in a perfect working order shall be a cause
to immediately terminate this Sales Representative Agreement.

12. TRADE SHOWS AND CONVENTIONS

Sales Representative shall cover all trade shows, conventions and seminars of
interest to law enforcement, and potential purchasers of TASER products in the
assigned territory, and shall send adequate TASER representation to national
trade shows, including, but not limited to; IACP and NOBLE convention. Sales
Representative also agrees to attend any and all other law enforcement trade
shows/conventions/seminars

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within his territory deemed necessary by TASER, at the cost of the Sales
Representative, unless TASER agrees to share certain cost in writing.

13. MEETINGS

Sales Representative shall send its representatives to any TASER sales meeting
and to national trade show meetings, shows, or training programs as requested
by TASER.

14. TECHNICAL SUPPORT AND INSURANCE

TASER shall provide Sales Representatives with leads, technical and training
support, sales samples and literature, sales terms and conditions, pricing
policies, bulletins, and sales promotional materials, as they are available by
TASER.

15. NO SUBCONTRACTING OR ASSIGNMENT

Subcontracting or assignment of this Sales Representative Agreement is
prohibited. Under no circumstances will Sales Representative subcontract,
assign, delegate or otherwise have any person or entity perform any of the
duties and obligations of Sales Representative under this agreement without
TASER's express written consent.

16. GOVERNING LAW

This Sales Representative Agreement shall be deemed to have been made in Arizona
and shall be governed and construed in accordance with the laws of the State of
Arizona, the sites of TASER's Business Offices. Should a disagreement arise over
any of the provisions relating to a sales representative agreement, TASER
International and the sales representative shall first meet to settle any
dispute. If this is unsuccessful, both parties (TASER International and named
Sales Representative) hereby agree that any unresolved disputes shall be settled
in binding arbitration under the rules of the American Arbitration Association.
Specifically, this agreement sets forth the entire understanding and agreement
of the parties hereto with respect to the subject matter hereof and supersedes
all other representations and understandings both written and oral. This
agreement is drafted under the laws of the state of Arizona, and the venue for
any legal recourse shall take place under laws as written in Arizona, and the
venue for any legal recourse shall take place under these laws and be
adjudicated within its jurisdiction. Further, the parties agree that any
controversy or claim arising out of, or relating to, this agreement, or the
breach thereof, shall be settled by arbitration in accordance with the rules of
the American Arbitration Association in the state of Arizona, USA under their
auspices and the parties agree to have any dispute heard and adjudicated under
these rules in the state of Arizona, USA and both parties agree to be bound by
the decision of the arbitrator and to pay their proportionate fees as required
under the rules of the association and judgment upon the award rendered by the
arbitrator(s) may be entered into any court having jurisdiction thereof.

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                           [TASER INTERNATIONAL LOGO]

17. TERMS

This Sales Representative Agreement shall continue in force for one year,
renewable for additional one-year term by mutual agreement. It is, however,
expressly understood that TASER has complete and sole discretion to appoint,
terminate, renew, decrease or add to its staff of Sales Representatives, at any
time, for any reason. In such event, the Sales Representative shall be given 60
days written notice if his/her services are no longer required by TASER, after
which time the Agreement with said representatives will be terminated.

18. DISPUTES

Any claim, matter or controversy arising out of or relating to this Sales
Representative Agreement, or the breach thereof, shall be decided by
arbitration in accordance with the Commercial Industry Rules of the American
Arbitration Association governing at that time, unless the parties mutually
agree otherwise in writing. Any arbitration shall be held in Phoenix, AZ. The
prevailing party in any such arbitration shall be entitled to recover
reasonable attorney's fees, expenses of council, expert witness fees and any
other arbitration expenses. The award of the arbitrators shall be final and
binding, and be enforced in any court of competent jurisdiction.

19. TERMINATION

In the event this agreement is terminated for any reason, Sales Representative
shall be entitled to no compensation or damages of any variety whatsoever, it
being understood that the sales and marketing of TASER products is covered by
any commissions paid or earned by Sales Representative. The Sales
Representative understands that, by signing this Agreement, the following
paragraph specifically eliminates any claim they might have to damages in
quantum meruit. Furthermore, Sales Representative agrees that no commissions
will be due for orders received more than thirty (30) days after Sales
Representative's termination.

20. ENTIRE AGREEMENT

This Sales Representative Agreement embodies the entire agreement between the
parties hereto, and there are no verbal or collateral agreements between them.
All preliminary negotiations, representation and discussions are deemed merged
herein. This Sales Representative Agreement may be altered or modified only in
writing and signed by all parties hereto.

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                           [TASER INTERNATIONAL LOGO]

     IN WITNESS WHEREOF, the parties have executed this Agreement in
Scottsdale, Arizona, on the date and year above first written.

TASER INTERNATIONAL                     SALES REPRESENTATIVE

By: _________________________           By: ___________________________

Title: ______________________           Title: ________________________

_____________________________           _______________________________
          WITNESS                                   WITNESS

                                       9<PAGE>
                                                                   Exhibit 10.17

[GE CAPITAL CORPORATION LOGO]

Master Lease Agreement             Account # 4070297

Dated and effective as of April 17, 2001 ("Effective Date"), this MASTER
                          --------------
LEASE AGREEMENT ("Agreement") is entered into by and between GENERAL
ELECTRIC CAPITAL CORPORATION, a New York corporation with offices at 10
Riverview Drive, Danbury, Connecticut 06810. (together with any successor or
assignee, "Lessor") and the Lessee indicated below (together with any successor
or permitted assignee, "Lessee").

LESSEE:        LEGAL NAME:              Taser International, Inc.
               TRADE NAME (if any):
               ADDRESS:
                                        7860 E McClain Dr Suite 2
                                        Scottsdale, Arizona 85260

               CONTACT and TELEPHONE:   Tom Smith 480-905-2000
               LEGAL ENTITY Type:       _____________
               State of Organization:
               Date of Establishment:

LEASE TERMS AND CONDITIONS:
        1. LEASING. Subject to the terms of this Agreement, Lessor agrees to
lease to Lessee and Lessee agrees to lease from Lessor the equipment
(collectively, the "Equipment" and individually a "unit of Equipment")
described in any equipment schedule (a "Schedule") signed by Lessee and
approved by Lessor. Each Schedule will incorporate all the terms of this
Agreement and will constitute a separate agreement for lease of the Equipment
(each, a "Lease"). With respect to each Lease, capitalized terms not defined in
this Agreement will have the meanings stated in the applicable Schedule. Unless
it purchases the Equipment under Section 14 ("Options"), Lessee does not have
any right or interest in the Equipment except as a lessee. This Agreement is
effective from the Effective Date, and will continue until all Leases have
terminated or expired.

        2. NET LEASE. EACH LEASE IS A NET LEASE. LESSEE IS UNCONDITIONALLY
OBLIGATED TO PAY MONTHLY RENT AND OTHER AMOUNTS DUE UNDER SUCH LEASE REGARDLESS
OF ANY DEFECT OR DAMAGE TO EQUIPMENT, OR LOSS OF POSSESSION, USE OR DESTRUCTION
FROM ANY CAUSE WHATSOEVER. LESSEE'S OBLIGATIONS CONTINUE UNTIL SPECIFICALLY
TERMINATED AS PROVIDED IN SUCH LEASE. LESSEE IS NOT ENTITLED TO ANY ABATEMENT,
REDUCTION, RECOUPMENT, DEFENSE OR SET-OFF AGAINST MONTHLY RENT OR OTHER AMOUNTS
DUE TO LESSOR OR ITS ASSIGNEE, WHETHER ARISING OUT OF SUCH LEASE OR OUT OF
LESSOR'S STRICT LIABILITY OR NEGLIGENCE, FROM ANY THIRD PARTY, OR OTHERWISE.

        3. PURCHASE OF EQUIPMENT. Lessor is not obligated to purchase or lease
a unit of Equipment unless before the Last Funding Date: (i) Lessor receives
from Lessee a fully signed and completed Agreement, Schedule, Purchase Order
Assignment in the form of Annex A attached to the applicable Schedule and such
other documents as Lessor may require; (ii) Lessee has irrevocably accepted the
unit of Equipment for lease from Lessor by properly signing and delivering to
Lessor a Certificate of Acceptance in the form of Annex B attached to the
applicable Schedule; (iii) Lessor has received from Supplier clear and
unencumbered title to the Equipment, and (iv) there is no Default (Section 13).
If Lessor has accepted a Purchase Order Assignment but the Lease does not
commence, Lessor may reassign the Purchase Order and the Equipment to Lessee
without recourse or warranty and Lessee will reimburse Lessor for all expenses
incurred, plus interest at the Overdue Rate (Section 15). So long as no Default
has occurred, Lessor appoints Lessee its agent to inspect and accept the
Equipment from Supplier simultaneously with acceptance of the Equipment for
lease. For each Schedule, Lessee irrevocably authorizes Lessor to adjust the
Equipment Price and Total Price to account for equipment change orders or
returns, invoicing errors and similar matters, and agrees to any resulting
adjustments in the TRANSACTION TERMS stated in the applicable Schedule. Lessor
will send Lessee a written notice stating the final Equipment Price, Total
Price and TRANSACTION TERMS, if different from those stated in the applicable
Schedule.

        4. TERM AND RENT. (a) The Initial Term begins on the acceptance by the
Lessee of the Equipment (a "Lease Commencement Date"), and continues for the
Initial Term stated in the applicable Schedule. The Monthly Rent accrues from
the Lease Commencement Date. If Monthly Rent is not paid within ten (10) days
of its due date, Lessee agrees to pay a late charge of ten cents ($0.10) per
dollar on, and in addition to, such Monthly Rent, but not exceeding the lawful
maximum, if any. Advance Rent, if any, is applied to the first Monthly Rent due
and then to the final Monthly Rents or at Lessor's option, to the payment of
any overdue obligation of Lessee. Lessor is not required to: (i) refund any
Advance Rent or Monthly Rent; (ii) pay any interest on Advance Rent; or (iii)
keep Advance Rent in a separate account.
        (b) Lessee agrees that the Monthly Rent and Advance Rent have been
calculated on the assumption that the effective corporate income tax rate
(exclusive of any minimum tax rate) for Lessor will be 35%. If Lessor is not
taxed at such tax rate during the Initial Term because of Congressional
enactment of any law, Lessor has the right to increase the Monthly Rent and
Advance Rent and adjust the Casualty Value (Section 8) in such a manner as will
both (i) take into account that such assumption is no longer correct and (ii)
preserve Lessor's after tax economic yields and cash flows. A change in the
Monthly Rent, Advance Rent, or Casualty Value is effective on the effective
date of such law.
        (c) At the end of the term of a Lease, or in the event of a Default,
until Lessee has complied with Section 6(d) ("Use, Operation, Return of
Equipment") or has purchased the Equipment pursuant to Section 14 ("Option"),
Lessee shall pay Lessor Monthly Rent, as liquidated damages for lost rentals
and not as a penalty, such payment to be computed on a daily basis (with one
day's rent being 1/30th of the Monthly Rent) until the Equipment is returned or
purchased. Lessee's obligations and all other provisions of this Lease continue
until such time.
        5. TAXES. Lessee agrees to pay promptly as additional rent all license
and registration fees and all taxes (excluding taxes on Lessor's net income)
together with penalties and interest (collectively, "Taxes") assessed against
Lessor, Lessee, the applicable Lease, the Equipment, the purchase (including
purchase by Lessee), sale, ownership, delivery, leasing, possession, use,
operation or return of the Equipment or its proceeds (such additional rent,
together with Monthly Rent and Advance Rent is hereinafter collectively
referred to as "Rent"). Where permitted by applicable law, except for Type A
Leases, Lessee will report all Taxes. Notwithstanding anything to the contrary
in the Agreement, if and to the extent that any Taxes are reported or paid by
Lessor, Lessee will reimburse Lessor on demand for any such Taxes, or at
Lessor's option, Lessee shall pay a portion of estimated Taxes along with each
payment of Monthly Rent.

                                             Lessee's Initials: /s/ TS
                                                                -------

Perkin Elmer NEW Master.doc

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        6. USE, OPERATION, RETURN OF EQUIPMENT. (a) Lessee agrees at its own
expense to: (i) maintain the Equipment under a manufacturer's service and
maintenance contract for the term of the applicable Lease and in any event in
good operating condition; (ii) use the Equipment solely for business purposes,
in the manner for which it was intended and in compliance with all applicable
laws and manufacturer requirements or recommendations; (iii) pay all expenses,
fines, and penalties related to the use, operation, condition or maintenance of
the Equipment; and (iv) comply with all license and copyright requirements of
any software ("Software") used in connection with the Equipment.
        (b) Lessee agrees not to attach to the Equipment any accessory,
equipment or device not leased from Lessor unless it is easily removable
without damaging the Equipment. Lessee agrees to pay all costs for parts,
alterations, and additions to the Equipment (including those required by law),
all of which will become the property of Lessor. Lessee agrees not to install
any Equipment or Software, if any, inside any other personal property, Lessor
and Lessee intend that the Equipment is to remain personal property of Lessor.
        (c) Provided that there is no Default (Section 13), Lessee is
authorized on behalf of Lessor to enforce in its own name (and at its own
expense) any warranty, indemnity or right to damages related to the Equipment
which Lessor has against the Supplier.
        (d) At the end of the term of a Lease, or in the event of a Default,
Lessee agrees, at its own expense and risk, (i) to pay for any repairs required
to place the Equipment in the same condition as when received by Lessee,
reasonable wear and tear excepted; (ii) without unreasonable delay, to cause
the Equipment to be disassembled, deinstalled, inspected, tested and crated in
accordance with manufacturer recommendations, and any and all local, state and
federal regulatory requirements then in effect and (iii) to deliver on Air Ride
suspended Transport the Equipment freight prepaid, to a carrier selected by
Lessor for shipment to a location selected by Lessor. Any such Equipment shall
be accompanied by all accessories originally included with the Equipment,
including but not limited to, users manuals, service records and certification
from the manufacturer that the Equipment performs in accordance with original
specifications and qualifies for continued maintenance under a manufacturer's
service and maintenance contract. Equipment that is returned will include the
latest software release provided by the manufacturer to the Lessee for the
Equipment.
        (e) At Lessor's request, Lessee, at its expense, shall store the
Equipment for a period of up to ninety (90) days after the end of the term of
the applicable Lease. During such period, Lessee shall comply with all of the
terms of the Lease, except the obligation to pay Rent, and Lessor shall have
access to the Equipment upon reasonable notice for the purpose of showing the
Equipment to potential purchasers.

        7. DISCLAIMER. LESSEE AGREES THAT: (1) LESSOR IS NOT THE MANUFACTURER OR
SUPPLIER OF THE EQUIPMENT OR SOFTWARE (IF ANY) OR THE REPRESENTATIVE OF EITHER;
(2) LESSOR IS NOT REQUIRED TO ENFORCE ANY MANUFACTURER'S WARRANTIES ON BEHALF OF
ITSELF OR OF LESSEE; (3) LESSOR IS NOT OBLIGATED TO INSPECT THE EQUIPMENT OR
SOFTWARE; (4) LESSOR DOES NOT MAKE, AND HAS NOT MADE, ANY WARRANTY OR
REPRESENTATION, EITHER EXPRESS OR IMPLIED, AS TO THE DESIGN, COMPLIANCE WITH
SPECIFICATIONS, OPERATION OR CONDITION OF, OR AS TO THE QUALITY OF THE MATERIAL,
EQUIPMENT OR WORKMANSHIP OR SOFTWARE; (5) LESSOR DOES NOT MAKE ANY WARRANTY OF
MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OF, OR AS TO TITLE TO, OR
ANY OTHER REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, WITH RESPECT TO THE
EQUIPMENT OR SOFTWARE. LESSEE FURTHER AGREES THAT LESSOR SHALL NOT BE LIABLE FOR
ANY LIABILITY, LOSS OR DAMAGE CAUSED DIRECTLY OR INDIRECTLY BY THE EQUIPMENT OR
SOFTWARE OR BY ITS INADEQUACY OR BY ANY EQUIPMENT OR SOFTWARE DEFECT, WHETHER OR
NOT LESSOR HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH LIABILITY, LOSS OR
DAMAGE. LESSOR SHALL NOT HAVE ANY LIABILITY TO LESSEE OR ANY OTHER PERSON WITH
RESPECT TO ANY OF THE FOLLOWING, REGARDLESS OF ANY NEGLIGENCE OF LESSOR: (1) THE
USE, OPERATION OR PERFORMANCE OF THE EQUIPMENT OR SOFTWARE; (2) ANY INTERRUPTION
OF SERVICE, LOSS OF BUSINESS OR ANTICIPATED PROFITS OR LOSS OF GOODWILL OR ANY
INDIRECT, INCIDENTAL, SPECIAL OR CONSEQUENTIAL DAMAGES OR ANY OTHER COMMERCIAL
OR ECONOMIC LOSSES OF ANY KIND WHICH ARE ATTRIBUTABLE TO THE EQUIPMENT OR
SOFTWARE; OR (3) THE DELIVERY, SERVICING, MAINTENANCE, REPAIR, IMPROVEMENT OR
REPLACEMENT OF THE EQUIPMENT OR SOFTWARE.

        8. LOSS OR DAMAGE; CASUALTY VALUE. Lessee assumes the risk of any
disappearance of or damage to any part of the Equipment from any cause
whatsoever. Within ten (10) days of learning of any condemnation or other
circumstance where the Equipment is, in Lessee's reasonable opinion,
irreparably damaged or permanently unfit for use ("Casualty") Lessee will
provide Lessor full details of the Casualty and will pay to Lessor an amount
equal to (i) the sum of all future Monthly Rents payable for the Equipment
under the applicable Lease, with each such payment discounted to its net
present value at a simple interest rate equal to six percent (6%) per annum (or
if not permitted by applicable law, the lowest permitted rate) from the due
date of each such payment to the Monthly Rent payment date immediately
preceding the date of the Casualty; plus an amount equal to the Casualty Value
Percentage of the Total Price of the Equipment ("Casualty Value"); plus (ii)
any other amounts due under the applicable Lease. Monthly Rent will continue to
accrue without abatement until Lessor receives the Casualty Value and all other
amounts (including Monthly Rent payments) then due under the applicable Lease,
at which time the Lease will terminate. At Lessor's request, Lessee agrees to
sell the Equipment on an "AS IS, WHERE IS" basis without representation or
warranty, and to remit to Lessor any sales or insurance proceeds received (less
any sums paid by Lessee as Casualty Value).

        9. INSURANCE. Lessee agrees, at its own expense, to keep the Equipment
insured with companies acceptable to Lessor and to maintain primary coverage
consisting of (i) actual cash value all risk insurance on the Equipment, naming
Lessor as loss payee and (ii) single limit public liability and property damage
insurance of not less than $300,000 per occurrence (or such other amounts as
Lessor may require by notice to Lessee) naming Lessee as insured and Lessor as
additional insured. The insurance will provide for not less than thirty (30)
days notice to Lessor of material changes in or cancellation of the policy.
Premiums for all such insurance will be prepaid. Lessee will deliver evidence
of such insurance to Lessor upon request, and will promptly provide to Lessor
all information pertinent to any occurrence which may become the basis of a
claim. Lessee will not make claim adjustments with insurers except with
Lessor's prior written consent. If Lessee fails to provide any insurance
required by the Agreement, Lessor may but is not obligated to insure its own
interest in the Equipment and Lessee agrees to pay the direct or financed cost
thereof (at the highest annual rate permitted by applicable law) and charge for
costs in connection therewith promptly upon receipt of invoices.

        10. REPRESENTATIONS AND WARRANTIES OF LESSEE. Lessee represents and
warrants to Lessor that as of the date of each Lease and of each Certificate of
Acceptance:
        (a) Lessee has adequate power and capacity to enter into the Lease,
any documents relative to the purchase of the Equipment leased under such Lease
and any other documents required to be delivered in connection with this Lease
(collectively, the "Documents"); the Documents have been duly authorized,
executed and delivered by Lessee and constitute valid, legal and binding
agreements, enforceable in accordance with their terms; there are no
proceedings presently pending or threatened against Lessee which will impair
its ability to perform under the Lease; and all information supplied to Lessor
is accurate and complete.
        (b) Lessee's entering into the Lease and leasing the Equipment does not
and will not: (i) violate any judgement, order, or law applicable to the Lease,
Lessee or Lessee's certificate of incorporation or by-laws (if Lessee is a
corporation) or Lessee's partnership agreement (if Lessee is a partnership); or
(ii) result in the creation of any lien, security interest or other encumbrance
upon the Equipment.
        (c) All financial data of Lessee or of any consolidated group of
companies of which Lessee is a member ("Lessee Group"), delivered to Lessor
have been prepared in accordance with generally accepted accounting principles
applied on a consistent basis with prior periods and fairly present the
financial position and results from operations of Lessee, or of the Lessee
Group, as of the stated date and period(s). Since the date of the most recently
delivered financial data, there has been no material adverse change in the
financial or operating condition of Lessee or of the Lessee Group.
        (d) If Lessee is a corporation or partnership, it is and will be
validly existing and in good standing under laws of the state of its
incorporation or organization; the persons signing the Lease are acting with
the full authority of its board of directors or partners (if Lessee is a
partnership) and hold the offices indicated below their signatures, which are
genuine.

        11. LESSEE'S AGREEMENTS. (a) Lessee agrees that it will keep the
Equipment free and clear from all claims, liens and encumbrances and will not
assign, sublet, or grant a security interest in the Equipment or in this Lease
without Lessor's prior written consent. If and to the extent that the Lease is
deemed a security agreement under the Uniform Commercial Code, and otherwise
for precautionary purposes only, Lessee grants Lessor a first priority security
interest in its interest in the Equipment and in all Equipment leased pursuant
to any Schedule. Such security interest shall secure Lessee's

<PAGE>
obligations with respect to all Schedules, Leases and agreements between Lessee
and Lessor. Lessee will notify Lessor in writing, with full particulars, within
ten (10) days after it learns of the attachment of any lien to any Equipment
and of the Equipment's location.
     (b) Lessee will not relocate any unit of Equipment from the Equipment
Location stated on a Schedule without the prior written approval of Lessor
(which shall not be unreasonably withheld). Lessee agrees to notify Lessor
immediately in writing of any change in Lessee's corporate or business name or
in the location of its chief executive office.
     (c) If this is a Type A Lease, Lessee will not take or fail to take any
action which Lessor determines will result in the disqualification of any
Equipment for, or the recapture of, all or any portion of the accelerated cost
recovery deductions permitted by the Internal Revenue Code of 1986, as amended.
Lessee will indemnify Lessor for any loss in Lessor's after tax economic yields
and cash flows caused by Lessee's acts or failures to act.
     (d) Lessor may inspect the Equipment during normal business hours. At
Lessor's request, Lessee will attach identifying labels supplied by Lessor
showing Lessor's ownership in a prominent position on each unit of Equipment.
     (e) LESSOR MAY ASSIGN EACH LEASE. LESSEE WAIVES AND AGREES NOT TO ASSERT
AGAINST ANY ASSIGNEE ANY DEFENSE, SET OFF, RECOUPMENT, CLAIM OR COUNTERCLAIM
WHICH LESSEE HAS OR MAY AT ANY TIME HAVE AGAINST LESSOR FOR ANY REASON
WHATSOEVER.
     (f) Within one hundred twenty (120) days of the close of each fiscal year
of Lessee, Lessee will deliver to Lessor Lessee's balance sheet and profit and
loss statement, certified by a recognized firm of certified public accountants.
Upon request, Lessee will deliver to Lessor duplicate copies of Lessee's most
recent quarterly financial report.

     12. INDEMNIFICATION. Lessee agrees to indemnify, defend and keep
harmless Lessor, its agents, successors and assigns, from and against any all
losses, damages, penalties, claims and actions, including legal expenses,
arising out of or in connection with (i) the selection, manufacture, purchase,
acceptance or rejection of Equipment, the ownership of Equipment during the
term of a Lease, and the delivery, lease, possession, maintenance, use,
condition, return or operation of Equipment or (ii) the condition of Equipment
sold or disposed of after or as a result of use by Lessee or any permitted
sublessee of Lessee.

     13. DEFAULT. (a) Lessor may declare a Lease in default (a "Default"),
if, with respect to such Lease; (i) Lessor has not received Monthly Rent or any
other Rent (Sections 5 and 15) within ten (10) days after its due date; or (ii)
Lessee or any guarantor violates any other term of a Lease or any term of a
guaranty and fails to correct such violation within ten (10) days after written
notice form Lessor; or (iii) Lessee violates the terms of any license or
agreement for Software; or (iv) Lessee or any guarantor becomes insolvent, is
liquidated or dissolved, stops doing business or assigns its rights or property
for the benefit of creditors; or (v) a petition is filed by or against Lessee
or any guarantor under Title 11 of the United States Code or any successor or
similar law; or (vi) (for individuals) Lessee or any guarantor dies or a
guardian is appointed for Lessee's or guarantor's person; or (vii) Lessee (or
any affiliate) is in default of or fails to fulfill the terms of any other
agreement between Lessee and Lessor or any affiliate of either.
     (b) At any time after a Default, Lessor may declare a default under any
other Lease or agreement between Lessee (and any affiliate) and Lessor or its
affiliate. Lessor may also enter, with or without legal process, any premises
and take possession of the Equipment. Immediately after a Default, Lessee will
pay to Lessor, as liquidated damages for loss of a bargain and not as a penalty,
an amount equal to the sum of (i) all Rents, including Monthly Rent, and other
sums (e.g. late charges, indemnification, liens) then due under each Lease; plus
(ii) the Casualty Value of the Equipment, calculated as of the Monthly Rent
payment date immediately preceding the Default; together with interest on such
sum accruing to the date of payment at the Overdue Rate (Section 15). Lessee
waives notice of intention to accelerate and notice of acceleration. After a
Default, at the request of Lessor, Lessee will return the Equipment as required
by Section 6. Lessor may, but is not required to, sell or lease the Equipment in
bulk or in individual pieces. If the Lessor intends to sell the Equipment, it
may do so in a public or private sale and is not required to give notice of such
sale. The Equipment need not be displayed at the sale. Lessor may, without
paying rent or providing insurance, use the Equipment Location to store the
Equipment or conduct any sale. The proceeds of any sale or lease will be applied
in the following order of priorities: (1) to pay all of Lessor's expenses in
taking, removing, holding, repairing and disposing of Equipment; then (2) to pay
any late charges and interest accrued at the Overdue Rate; then (3) to pay
accrued but unpaid Monthly Rent together with any unpaid Casualty Value. Rent
interest and all other due but unpaid sums (including any indemnification and
sums due under other Leases or agreements in default). Any remaining proceeds
will reimburse Lessee for payments which it made to reduce the amounts owed to
Lessor in the preceding sentence. Lessor will keep any excess. If the proceeds
of any sale or lease are not enough to pay the amounts owed to Lessor under this
Section, Lessee will pay the deficiency.
     (c) Lessor's remedies for Default may be exercised instead of or in
addition to each other or any other legal or equitable remedies. Lessor has the
right to set-off any sums received from any source (including insurance
proceeds) against Lessee's obligations under each Lease. Lessee waives its
right to object to the notice of the time or place of sale or lease and to the
manner and place of any advertising. Lessee waives any defense based on
statutes of limitations or laches in actions for damages. Lessor's waiver of
any Default is not a waiver of its rights with respect to a different or later
Default.

     14. OPTION. (a) LEASE TYPE A ONLY: So long as no Default has occurred,
Lessee has the option (1) to purchase all but not less than all of the
Equipment under a Lease at the end of the Initial Term on an AS-IS WHERE-IS
basis without representation or warranty, for a cash purchase price equal to
the Equipment's Fair Market Value (plus any applicable sales taxes) determined
as of the end of the Initial Term: or (ii) to extend the Initial Term of a
Lease at the then Fair Market Rental of the Equipment. Lessee must give
irrevocable written notice at least sixty (60) days before the end of the
Initial Term to Lessor that it will purchase the Equipment or extend the
Initial Term. If the Lease is renewed, the Lessee's obligations (other than the
amount of Monthly Rent to be paid) will remain unchanged. If Lessee fails to
timely exercise one of such options, this Lease shall automatically continue on
the same periodic basis in effect at such time with Rent payable in the same
amount and frequency in effect at such time until the Equipment is returned or
purchased in accordance with the terms hereof. Lessee's obligations and all
other provisions of this Lease shall continue until such time. "Fair Market
Value" or "Fair Market Rental" means the price or rental which a willing buyer
or lessee (who is neither a lessee in possession nor a used equipment dealer)
would pay for the Equipment in an arm's length transaction to a willing seller
or lessor who is under no compulsion to sell or lease the Equipment. In
determining "Fair Market Value" or "Fair Market Rental"; (i) the Equipment is
assumed to have been maintained and returned as required by the Lease; (ii) in
the case of any installed Equipment, the Equipment will be valued on an
installed basis; and (iii) cost of removal from the Equipment's current
location will not be included.
     (b) LEASE TYPE B ONLY: So long as no Default has occurred, Lessee may
purchase all but not less than all the Equipment under a Lease on an "AS IS,
WHERE IS" basis, without representation or warranty, at the end of the Initial
Term for a price equal to the Option Price (plus applicable sales tax) stated
on a Schedule. Unless the Option Price is $1.00, Lessee must give Lessor
irrevocable written notice at least thirty (30) days before the end of the
Initial Term that it will purchase the Equipment.

     15. MISCELLANEOUS. (a) LEASE TYPE B ONLY: Lessee agrees that for income
tax purposes only, Lessor is treating Lessee as owner of the Equipment and that
Lessee has not received tax advice from Lessor or the Supplier. Lessee
understands that the Equipment may be purchased for cash and that by signing
this Agreement and entering into the applicable Lease, Lessee has chosen to
lease the Equipment. By signing this Agreement, Lessee agrees to pay a lease
charge and lease charge rate. The total lease charge is equal to (i) the
Monthly Rent multiplied by the number of months in the initial Term, plus (ii)
the Option Price, minus (iii) the Total Price set forth in the applicable
Schedule. The lease charge portion of the Monthly Rent payments may be
determined by applying to the Total Price the rate which will amortize such
Total Price (adjusting for any Advance Rent) down to the Option Price at a
constant rate over the Initial Term by payment of the Monthly Rent. The lease
charge rate is the constant rate referred to in the preceding sentence. The
lease charge rate can also be calculated using the Total Price as the present
value, the Option Price as the future value, the Monthly Rent as the payment
and the term as stated herein. The lease charge rate may be higher or lower
than the actual interest rate because of the amortization of certain payments
made to or by the vendor. If this transaction were re-characterized as a
financing, no lease charge, late charge, or post maturity interest charge is
intended to exceed the maximum amount of time price differential or interest,
as applicable, permitted to be charged or collected by applicable law. If this
transaction were re-characterized as a financing and one or more of such
charges exceed such maximum, then such charges will be reduced to the legally
permitted maximum charge and any excess charge will be used to reduce the
initial value of the Total Price or refunded.
     (b) Time is of the essence of each Lease. Lessor's failure at any time to
require that Lessee strictly perform its obligations under any Lease will not
prevent Lessor from later requiring such performance. Lessee agrees, upon
Lessor's request, to sign any document presented by Lessor from time to time to
protect Lessor's rights in the Equipment. LESSEE AND LESSOR EACH WAIVE ALL
RIGHTS TO TRIAL BY JURY IN ANY LITIGATION ARISING FROM OR RELATED TO A LEASE.
Lessee also agrees to pay Lessor's attorneys' fees and out-of-pocket expenses
in protecting or enforcing its rights under a Lease. Lessee will pay attorney's
fees and costs of collection, up to the amount permitted by law. Lessor and
Lessee agree that legal fees and costs up to twenty percent (20%) of the amount
then due under this Lease are reasonable.
     (c) All required notices will be considered to have been given if sent by
registered or certified mail or overnight courier service to the Lessor at the
address stated above and to the Lessee at its address stated in the Lease, or
at such other place as such addressee may have designated in writing.
<PAGE>
     (d)  Each Lease constitutes the entire agreement of the parties with
respect to the lease of the Equipment and supersedes and Incorporates all prior
oral or written agreements or statements. So long as there is no Default,
Lessor shall not interfere with Lessee's quiet enjoyment of Equipment. If a
provision of a Lease is declared invalid under law, the affected provision will
be considered omitted or modified to conform to applicable law. All other
provisions will remain in full force and effect.
     (e)  If Lessee fails to comply with any provision of a Lease, Lessor has
the right, but is not obligated, to have such provision brought into
compliance. This right is in addition to the Lessor's right to declare a
Default. All expenses incurred by Lessor in bringing about such compliance will
be considered Rent which is due to Lessor within five (5) days after the date
Lessor sends to Lessee a written request for payment.
     (f)  All overdue payments will bear interest at the Overdue Rate, which is
the lower of twenty percent (20%) per annum or the maximum rate allowed by law.
Interest will accrue daily until payment in full is received.
     (g)  All of Lessor's rights (including indemnity rights) under a Lease
survive the Lease's expiration or termination, and are enforceable by Lessor,
its successors and assigns.
     (h)  If at Lessee's request, Lessor agrees in its sole discretion to
permit the early termination of any Lease, Lessee agrees to pay Lessor a fee to
compensate Lessor for the privilege of doing so in an amount not greater than
permitted by applicable law.
     (i)  ARTICLE 2A: THIS LEASE IS A "FINANCE" LEASE AS DEFINED IN ARTICLE 2A
OF THE UNIFORM COMMERCIAL CODE. LESSEE AGREES THAT IT WILL KEEP THE EQUIPMENT
FREE AND CLEAR FROM ALL CLAIMS, LIENS AND ENCUMBRANCES AND WILL NOT ASSIGN,
SUBLET OR GRANT A SECURITY INTEREST IN THE EQUIPMENT OR IN ANY LEASE WITHOUT
LESSOR'S PRIOR WRITTEN CONSENT. To the extent permitted by applicable law,
Lessee hereby waives all rights and remedies conferred upon a Lessee by Article
2A (sections 506-522) of the Uniform Commercial Code, including but not limited
to Lessee's rights to: (i) cancel or repudiate the Lease; (ii) reject, revoke
acceptance or accept partial delivery of the Equipment or "cover"; (iii)
recover damages from Lessor for any breach of warranty or for any other reason;
and (iv) grant a security interest in any Equipment in Lessee's possession. To
the extent permitted by applicable law, Lessee also hereby waives any rights
now or hereafter conferred by statute or otherwise that may limit or modify any
of Lessor's rights or remedies hereunder. Any action by Lessee against Lessor
for any default under any Lease, including breach of warranty or indemnity,
shall be commenced within one (1) year after any such cause of action accrues.
     (j)  THIS AGREEMENT SHALL BE BINDING AND EFFECTIVE WHEN ACCEPTED BY LESSOR
AT ITS OFFICES IN CONNECTICUT. THIS AGREEMENT SHALL BE DEEMED TO BE MADE IN
CONNECTICUT AND SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
CONNECTICUT LAW. LESSEE AGREES THAT ALL LEGAL ACTIONS IN CONNECTION WITH THIS
AGREEMENT, AT LESSOR'S OPTION, TAKE PLACE IN CONNECTICUT.

     THIS AGREEMENT AND ANY SCHEDULE AND ANNEXES THERETO CONSTITUTE THE ENTIRE
AGREEMENT OF THE PARTIES WITH RESPECT TO THE SUBJECT MATTER HEREOF. THIS
AGREEMENT IS EFFECTIVE AS OF THE EFFECTIVE DATE UPON SIGNING BY BOTH LESSOR AND
LESSEE. A LEASE MAY NOT BE CHANGED EXCEPT BY WRITTEN AGREEMENT SIGNED BY AN
AUTHORIZED REPRESENTATIVE OF THE PARTY AGAINST WHOM IT IS TO BE ENFORCED.
LESSEE IRREVOCABLY AUTHORIZES LESSOR TO PREPARE AND SIGN ON BEHALF OF LESSEE
ANY INSTRUMENT NECESSARY OR EXPEDIENT FOR FILING, RECORDING OR PERFECTING THE
INTEREST OF LESSOR IN EACH LEASE, THE RELATED EQUIPMENT AND THE PROCEEDS OF
BOTH.

LESSOR:  GENERAL ELECTRIC                   LESSEE: Taser International, Inc.
          CAPITAL CORPORATION

By:     /s/ Eileen Jewell                   By: X    /s/ Thomas P. Smith
   -------------------------------             -------------------------------

     Eileen Jewell                          X    Thomas P. Smith
----------------------------------          ----------------------------------
(Print or Type Name)                        (Print or Type Name)

     Operations Team Leader                 X    President
----------------------------------          ----------------------------------
(Print or Type Title)                       (Print or Type Title)

Date of Execution: 5/3/01                   Date of Execution: X    4/17/01
                  ----------------                            ----------------
                                            Taser ID
                                            Social Security #/
                                                  Taxpayer ID: X  860741227
                                                              ----------------

<PAGE>
[GE LOGO]

     GE CAPITAL

---------

Schedule No. 4070297 001

MASTER LEASE AGREEMENT EFFECTIVE DATE: 04/17/2001

     THIS SCHEDULE ("Schedule") incorporates all of the terms of the above
Master Lease Agreement ("Agreement"). This Schedule and the Agreement as it
relates to this Schedule constitutes a lease ("Lease") for the equipment
described below ("Equipment") General Electric Capital Corporation ("Lessor")
and the Lessee indicated below. All terms used and not defined in this Schedule
have the definitions stated in the Agreement.

A. LESSEE:          LEGAL NAME:              Taser International, Inc.
                    TRADE NAME (if any):
                    ADDRESS:                 7860 E McClain Dr Suite 2
                                             Scottsdale, Arizona 85260

                    LEGAL ENTITY - Type:     ---------------
                    State of Organization:
                    Date of Establishment:

B. SUPPLIER:                                 PerkinElmer Instruments
                                             761 Main Ave.
                                             Norwalk, Connecticut 06859
C. EQUIPMENT LOCATION:
                    Street Address:          7860 E McClain Dr Suite 2
                    County:                  Maricopa
                    City, State  Zip:        Scottsdale, Arizona 85260

D. DESCRIPTION OF EQUIPMENT:
   EQUIPMENT TYPE/MODEL/SERIAL/ID NUMBERS                        NUMBER OF UNITS
-------------------------------------------                  -------------------

          PX 2000M     Part # PX2000M-Computer based X-Ray                    1
          Extended     Warranty                                               1

                                        Equipment Price:         $36,995.00
                                                                 ----------
                                        Sales Tax:                   $ 0.00
                                                                     ------
                                        Freight:                    $450.00
                                                                    -------
                                        Installation:               $500.00
                                                                    -------

                                        Total Price:             $37,945.00
                                                                 ----------

E. TRANSACTION TERMS:
Lease Type (check one):       A  (Tax Lease, 0-year property; all Sections other
                                 than 14(b) and 15(a) apply).
                        X     B  (Lease Purchase all Sections other than 4(b),
                                 11(c) and 14(a) apply).

Initial Term: 48       X Monthly       Quarterly       Annual Payments

Rent:
48           at      $953.56

Advance Rent:            $ 0.00                  Casualty Value Percentage:  0
Sales Tax:               0                                        $1.00
                                                 Option Price
Total Advance Rent: 0                        Lease Type B Option Price: $1
Last Funding Date:       7/16/2001

<PAGE>
F. ADDITIONAL TERMS (if any):
     Lessee's periodic lease payments are calculated using a lease rate factor
(the "Lease Rate Factor"). The Lease Rate Factor is calculated, in part, using
an interest rate based on the interest rate for swaps (the "Swap Rate") that
most closely approximates the initial term of the Lease as published in the
Federal Reserve Statistical Release H.15 available at
http://www.federalreserve.gov/releases/h15/update on 4/16/2001 (the "Initial
Rate Date"). The Lease Rate Factor will be held until 5/16/2001 (the "Rate
Expiration Date"). If Lessee does not accept the Equipment on or before the
Rate Expiration Date, the Lease Rate Factor and Lessee's periodic lease payment
may be adjusted if the Swap Rate as reported four (4) business days prior to
acceptance of the Equipment is different than the Swap Rate as reported on the
Initial Rate Date. Lessor will notify Lessee if the Lease Rate Factor changes.

     If the Lease Commencement Date is not the first or the fifteenth day of any
calendar month (a "Payment Date"), the Initial Term shall be extended by the
number of days between the Lease Commencement Date and the Payment Date which
first occurs after the Lease Commencement Date, and Lessee's first payment will
be increased by 1/30th of the Monthly Rent multiplied by the number of days
elapsed from the Lease Commencement Date to the day immediately preceding the
Payment Date which first occurs after the Lease Commencement Date.

__. Payments in Advance - If payments are in advance and the Lease Commencement
Date is a Payment Date, the first payment is due on the Lease Commencement
Date. If the Lease Commencement Date is after the first but before the
fifteenth day of the month, the first payment is due on the fifteenth day of
the month of the Lease Commencement Date. If the Lease Commencement Date is
after the fifteenth day of the month, the first payment is due on the first day
of the month following the Lease Commencement Date.

X_. Payments in Arrears - If payments are in arrears and the Lease Commencement
Date is the first day of the month, the first payment is due on the first day
of the month following the month of the Lease Commencement Date. If payments
are in arrears and the Lease Commencement Date is after the first but before
(or on) the fifteenth day of the month, the first payment is due on the
fifteenth day of the month following the month of the Lease Commencement Date.
If the Lease Commencement Date is after the fifteenth day of the month, the
first payment is due on the first day of the second month following the month
of the Lease Commencement Date.

LESSOR: General Electric Capital Corporation   LESSEE: Taser International, Inc.
By: /s/ Eileen Jewell                          By: x /s/Thomas P. Smith
   -------------------------------                ------------------------------
        Eileen Jewell                              x  Thomas P. Smith
------------------------------------              ------------------------------
(Print or Type Name)                              (Print or Type Name)
        Operations Teamleader                      x  President
------------------------------------              ------------------------------
(Print or Type Title)                             (Print or Type Title)

Date of Approval:   5/2/01                        Date of Execution:  4/17/01
                 -------------------                                ------------

                          Social Security Or Taxpayer ID No.: Taser ID 860741227
                                                             -------------------

<PAGE>
[GE CAPITAL Logo]

       GE CAPITAL
_________

B - CERTIFICATE OF ACCEPTANCE        ACCOUNT SCHEDULE # 4070297-001

Annex B to Schedule No.001 Effective Date: 4/17/2001 ("Schedule")
Master Lease Agreement Effective Date:         4/17/2001
To General Electric Capital Corporation (LESSOR):

A. LESSEE:       LEGAL NAME:          Taser International, Inc.
                 TRADE NAME (if any):
                 ADDRESS:             7860 E McClain Dr Suite 2
                                      Scottsdale, Arizona 85260

B. SUPPLIER:     NAME:                PerkinElmer Instruments
                 STREET ADDRESS:      761 Main Ave.
                 CITY, STATE ZIP:     Norwalk, Connecticut 06859

C. EQUIPMENT LOCATION:
                 STREET ADDRESS:      7860 E McClain Dr Suite 2
                 COUNTY:              Maricopa
                 CITY, STATE ZIP:     Scottsdale, Arizona 85260

D. DESCRIPTION OF EQUIPMENT:

     EQUIPMENT TYPE/MODEL/SERIAL/ID NUMBERS                  NUMBER OF UNITS
-------------------------------------------------        -----------------------

       PX 2000M    Part # PX2000M-Computer based X-Ray                   1
       Extended   Warranty                                               1

LESSEE, THROUGH ITS AUTHORIZED REPRESENTATIVE, CERTIFIES TO LESSOR THAT:

  (a)All the Equipment has been delivered to and inspected by Lessee on the
Lease Commencement Date specified below pursuant to the above Schedule and
Master Lease Agreement as it relates to such Schedule (the "Lease");
  (b)Lessee irrevocably accepts the Equipment for lease under the Lease as of
the Lease Commencement Date: and
  (c)No event which would allow the Lessor to declare a Default (Section 13 of
the Master Lease Agreement) has occurred, and all of the representations and
warranties made in the Lease are true as of the Lease Commencement Date.
  (d)LESSEE HEREBY EXPRESSLY AUTHORIZES GENERAL ELECTRIC CAPITAL CORPORATION TO
INSERT THE DATE OF ACCEPTANCE/LEASE COMMENCEMENT DATE IN THE SPACE BELOW UPON
THE VERBAL INSTRUCTION OF LESSEE.

                                        LESSEE:   Taser International, Inc.

                                        By: /s/ Thomas P. Smith
                                           -------------------------------------
                                                Thomas P. Smith
                                           -------------------------------------
                                           (Print or Type Name)
                                                President
                                           -------------------------------------
                                           (Print or Type Title)

                                           Date of Acceptance/
                                            Lease Commencement Date:  4/25/01
                                                                    ------------

                        UPON EXECUTION, PLEASE MAIL TO:
                      GENERAL ELECTRIC CAPITAL CORPORATION
                           Danbury Operations Center
                               ATTN: Marie Sefsik
                               10 Riverview Drive
                               Danbury, CT 06810

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