Document:

ASSET PURCHASE AGREEMENT

       THIS AGREEMENT ("Agreement") is made and entered into effective as of
January 31, 2000 (the "Effective Date"), by and between ZAPWORLD.com, a
California corporation having its principal place of business at 117 Morris
Street, Sebastopol, California 95472 ("ZAP"), and American Scooter and Cycle
Rentals, Inc., a California corporation having its principal place of business
at 2715 Hyde Street, San Francisco, California 94109 ("ASCR"). ZAP and ASCR are
referred to collectively herein as the "parties."

                                    RECITALS

       A.     ASCR wishes to sell and ZAP wishes to purchase certain assets of
              ASCR's scooter and motorcycle rental business and assume certain
              listed liabilities for the sum of One Hundred Thousand Dollars
              ($100,000). The parties would also like to have Scott Todd,
              currently an employee of ASCR, continue to manage and maintain the
              motorized rental operation.

       B.     The purpose of this Agreement is to set forth the understanding of
              the parties relative to the matters above. By this reference these
              Recitals are incorporated into the Agreement that follows below.

                                    AGREEMENT

       NOW, THEREFORE, in consideration of these premises, the benefits to be
derived by the parties, and the terms, conditions, representations and covenants
set forth herein, the parties hereby agree as follows:

                                   ARTICLE I

       1.01 Purchase and Sale of the Assets. Subject to the terms and conditions
set forth in this Agreement, on the Closing Date (as hereinafter defined), ZAP
shall purchase and accept from ASCR, and ASCR shall sell, transfer, convey and
deliver to ZAP, all of the Motorized Equipment and all other tangible and
intangible assets of ASCR listed on the attached Exhibit A (collectively, the
"Assets"), including, but not limited to, the following:

       (a) All of ASCR's rights of every kind and nature with respect to its
motorized rental business (the "Business") including, without limitation, all
goodwill and intellectual property assets of ASCR applicable to ASCR's Business;

       (b) (Any remaining physical and fixed assets and equipment described in
Exhibit A attached hereto and incorporated herein by this reference.

       1.02 Purchase Price of Assets. In consideration of ASCR's sale of the
Assets as provided herein, ZAP shall tender One Hundred Thousand Dollars
($100,000) (the "Purchase Price") in cash to be paid to ASCR at the Closing.

       1.03 Assumption of Liabilities. It is expressly understood and agreed
that ZAP is not assuming and shall not be liable for any of the debts,

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obligations or liabilities of ASCR whether now known or unknown, accrued,
absolute, contingent or otherwise, except for the liabilities and obligations
directly related to ASCR's business as specifically assumed in Schedule 1.03
attached hereto, and incorporated herein by reference; provided, in no event
shall the amount of liabilities assumed by ZAP exceed the aggregate amount of
two thousand dollars ($2,000).

       1.04 Delivery of Assets. At the Closing, the following shall be delivered
by ASCR to ZAP:

       (a) A bill of sale in a form mutually agreeable to ASCR and ZAP,
transferring to ZAP the Assets to be acquired by it under the terms of this
Agreement free and clear of any encumbrance of any kind upon any of the Assets;

       (b) Evidence of payment of all debts which are secured by liens on the
Assets with evidence of release of all such liens to be provided within five (5)
days after Closing; and

       (c) Such other deeds, instruments of assignment and other appropriate
documents as may be reasonably requested by ZAP in order to carry out the
intentions of this Agreement and the transfer of the Assets.

       1.05 Closing. The closing under this Agreement shall take place in the
offices of ZAP in Sebastopol, California at 10:00 a.m. on March 29, 2000 (the
"Closing Date"); provided, that if ZAP and ASCR are not in a position on such
date to close due to the failure to meet the conditions precedent to close as
set forth in Article IV hereof, the Closing Date shall be extended to a date two
(2) business days after the date on which such conditions are satisfied or
otherwise waived in writing by both ZAP and ASCR, but in no event shall the
Closing Date be later than April 15, 2000.

       1.06 Effective Date. Notwithstanding the Closing Date, the close of
business on January 31, 2000 (the "Effective Date") shall be deemed to be the
effective date for certain purposes set forth herein.

       1.07 Taxes. ZAP shall pay all sales and use taxes, if any, arising out of
the transfer of the Assets, or otherwise as a consequence of the transactions
contemplated by this Agreement.

       1.08 Cooperation in Transfer of Business. Both prior and subsequent to
the Closing Date, ZAP shall cooperate and assist ASCR in the transfer of the
ownership of the assets as contemplated by this Agreement.

                                   ARTICLE II

                     REPRESENTATIONS AND WARRANTIES OF ASCR

       2.01 General. ASCR hereby represents and warrants the following:

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       2.02 Organization and Good Standing. ASCR is a corporation duly
organized, validly existing and in good standing under the applicable laws of
the State of California, and qualified to do business in the State of
California, with requisite corporate power and authority to enter into and
perform this Agreement.

       2.03 Financial Statements. ASCR has previously furnished to ZAP ASCR's
Balance Sheet as of December 31, 1999, a copy of which is attached hereto as
Exhibit B. ASCR represents and warrants that such financial statements, which
are unaudited, have been prepared in accordance with the books and records of
ASCR and correctly presents ASCR`s financial condition, sales, operations and
net income (loss) as therein specified.

       2.04 Authorization and Consents. The execution of this Agreement by ASCR
and the consummation by ASCR of the transactions contemplated hereby have been
duly authorized and approved by ASCR`s Board of Directors and its shareholders,
which authorization and approval has not since been amended or revoked. ASCR has
the corporate power and requisite authority to enter into this Agreement and to
consummate the transactions contemplated hereby. This Agreement has been duly
executed and delivered by ASCR and constitutes the valid and binding obligation
of ASCR enforceable against ASCR in accordance with its terms. No agreement,
consent, approval, release or waiver of any person or entity, not a party to
this Agreement, and no consent of any governmental agency or authority is
required (i) to permit the performance by ASCR of its obligations under the
terms of this Agreement; or (ii) in order to make the representations and
warranties within this Article II true and accurate.

       2.05 Absence of Restrictions. ASCR shall not be subject to any provision
of any agreement, charter, bylaw, mortgage, lease, indenture, instrument, order,
judgment, decree or other restriction or right of other parties which would
prohibit the execution of this Agreement by ASCR or which would prevent the
consummation of the transactions contemplated hereunder or which would prevent
or affect in any way compliance by ASCR with the terms, conditions and
provisions hereof. With respect to the Assets and the Business, the execution
and delivery of this Agreement by ASCR and performance by ASCR of its
obligations under the terms hereof will not accelerate, terminate, or result in
a breach, under any existing material agreements, contract, lease, loan, loan
commitment, joint venture or combination of any kind, to which ASCR is a party,
or result in the creation of any lien or encumbrance under any indenture,
mortgage, deed of trust, or other contract or agreement to which ASCR is a party
or by which it is bound.

       2.06 Title to Assets. ASCR has good and marketable title to all the
Assets set forth in Exhibit A, attached hereto, except as provided in Schedule
2.06, attached hereto. The assets set forth in Exhibit A are in good condition,
normal wear and tear excepted, and usable in the ordinary course of business.

       2.07 Litigation and Claims. ASCR is aware of no material claims, actions,
proceedings or investigations pending, asserted or threatened against, or
involving the Business or the Assets, except as disclosed in Schedule 2.07,
attached hereto.

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       2.08 Taxes. There are no unpaid taxes to ASCR for which ZAP would be
liable as a transferee of ASCR's Assets pursuant to the Internal Revenue Code or
other applicable Federal, state or local law. ASCR shall remain liable for any
obligations of ASCR which arose either subsequent or prior to Closing, except
those obligations and liabilities which ZAP has expressly assumed as provided
hereunder.

       2.09 Agreements, Contracts and Commitments. ASCR is not a party to or
otherwise subject to any oral or written agreements or arrangement for the
purchase or sale of any of the Assets or agreement, contract or commitment
containing any covenant limiting the freedom of ASCR to engage in the Business.
ASCR is not in default in any material respect under any agreement, contract,
lease or other material document relating to the Business or the Assets, except
as indicated in Schedule 2.09, attached hereto. Except as stated in such
Schedule 2.09, there have been no claims of such material defaults and, to the
best of ASCR's knowledge, information and belief, there are no facts or
conditions which can reasonably be expected to result in such a material default
by ASCR.

       2.10 Compliance with Laws. ASCR has complied in all material respects
with, and is not in violation in any material respect of any federal, state or
local statute, law, rule, or regulation with respect to the conduct of its
Business, or the ownership, operation, sale, purchase or possession of the
Assets.

       2.11 Intellectual Property. ASCR's Intellectual Property constitutes all
such proprietary rights which are owned or held by ASCR and which are reasonably
necessary to, or used in the conduct of, the business of ASCR. ASCR owns or has
valid rights to use its Intellectual Property without conflict with the rights
of others. Except as set forth in Schedule 2.11, attached hereto, no person has
made or, to the knowledge of ASCR, threatened to make any claim that ASCR's use
of Intellectual Property is in violation of any license held by ASCR or
infringes any proprietary right or interest of any third party. To the knowledge
of ASCR, no third party is infringing upon any of ASCR's Intellectual Property.
ASCR holds its Intellectual Property free and clear of all Liens.

       2.12 Expenses and Broker's Fees. To the knowledge of ASCR, ZAP shall not
incur, directly or indirectly, any liability for brokerage, finder's, financial
advisor's or agent's fees or commissions or expenses in connection with this
Agreement, or the transactions contemplated hereby, by reason of any action or
agreement on the part of ASCR. Each Party shall bear its own costs incurred in
connection with this Agreement, including attorneys' fees.

       2.13 Full Disclosure. The representations and warranties contained in
this Agreement are subject to the exceptions specifically noted in the
disclosure schedules attached hereto. By this reference, such Schedules are
incorporated in and made a part of this Agreement. No representation or
warranty, as supplemented pursuant to the terms and provisions hereof, by ASCR
in this Agreement or in any Exhibit or schedule hereto, nor any documents,
written information, written statements or certificates furnished or to be
furnished by or on behalf of ASCR to ZAP pursuant hereto or in connection with
the transactions contemplated hereby, contains or will contain any untrue
statement of a material fact; and, in the case of the statements set forth in
Section 2.03 hereof, omits or will omit to state a material fact necessary to
make the statement contained therein not misleading.

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       2.14 Implementation of Representations and Warranties and Certificates.
ASCR shall take all reasonable action necessary to render true, complete and
accurate, as of the Closing Date, ASCR`s representations and warranties
contained in this Agreement as supplemented above, and to perform or cause to be
performed as of the Closing Date the covenants and the obligations of ASCR
contained in this Agreement and ASCR shall refrain from taking any action (other
than action permitted under this Agreement or with the consent of ZAP) which
would render inaccurate, as of the Closing Date, any such representations or
warranties.

                                  ARTICLE III

                      REPRESENTATIONS AND WARRANTIES OF ZAP

       3.01 General. ZAP hereby represents and warrants the following:

       3.02 Organization and Good Standing. ZAP is a California corporation duly
organized, validly existing and in good standing under the applicable laws of
the State of California, with requisite corporate power and authority to enter
into and perform this Agreement.

       3.03 Authorization and Consents. The execution of this Agreement by ZAP
and the consummation by it of the transactions contemplated hereby has been duly
authorized and approved or ratified by all necessary corporate action. ZAP has
the corporate power and requisite authority to enter into this Agreement and
consummate the transactions contemplated hereby. This Agreement has been duly
executed and delivered by ZAP and constitutes the valid and binding obligation
of ZAP, enforceable against ZAP in accordance with its terms. No agreement,
consent, approval, release or waiver of any person or entity, not a party to
this Agreement and no consent of any governmental agency or authority is
required (i) to permit the performance by ZAP of its obligations under the terms
of this Agreement; or (ii) in order to render the representations and warranties
within this Article IV true and accurate.

       3.04 Absence of Restrictions. ZAP is not subject to any provision of any
charter, bylaw, mortgage, lease, indenture, agreement, instrument, order,
judgment, or decree or any other restriction or right of other parties which
would prohibit the execution of this Agreement by ZAP, or which would prevent
the consummation of the transactions contemplated hereunder, or which would
prevent or affect in any way compliance by ZAP with the terms, conditions and
provisions hereof.

       3.05 Litigation and Claims. ZAP is aware of no material claim, action,
proceeding or investigation pending, asserted or threatened against, or
involving its business or assets.

       3.06 Agreements, Contracts and Commitments. ZAP is not a party to, or
otherwise subject to, any oral or written agreement or arrangement for the
purchase or sale of any of its assets or agreement, contract or commitment,
containing any covenant limiting the freedom of ZAP to engage in its business.
ZAP is not in default in any material respect under any agreement, contract,
lease or other material document relating to its business or assets. There have
been no claims of such material defaults and, to the best of ZAP's knowledge,

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information and belief, there are no facts or conditions that can reasonably be
expected to result in such a material default by ZAP.

       3.07 Compliance with Laws. ZAP has complied in all material respects
with, and is not in violation in any material respect of any federal, state or
local statute, law, rule, or regulation with respect to the conduct of its
business, or the ownership, operation, sale, purchase or possession of its
assets.

       3.08 Full Disclosure. The representations and warranties contained in
this Agreement are subject to the exceptions specifically noted in the
disclosure Schedules attached hereto. By this reference, such schedules are
incorporated in and made a part of this Agreement. No representation or
warranty, as supplemented pursuant to the terms and provisions hereof, by ZAP in
this Agreement or in any Exhibit or schedule hereto, nor any documents, written
information, written statements or certificates furnished or to be furnished by
or on behalf of ZAP to ASCR pursuant hereto or in connection with the
transactions contemplated hereby, contains or will contain any untrue statement
of a material fact.

       3.09 Implementation of Representations and Warranties and Certificates.
ZAP shall take all reasonable action necessary to render true, complete and
accurate, as of the Closing Date, ZAP`s representations and warranties contained
in this Agreement as supplemented pursuant above, and to perform or cause to be
performed as of the Closing Date the covenants and the obligations of ZAP
contained in this Agreement and ZAP shall refrain from taking any action (other
than action permitted under this Agreement or with the consent of ASCR) which
would render inaccurate, as of the Closing Date, any such representations or
warranties.

                                   ARTICLE IV

                     CONDITIONS PRECEDENT TO THE OBLIGATIONS
                            OF ZAP AND ASCR TO CLOSE

       4.01 Conditions Precedent to Obligation of ZAP to Close. The obligations
of ZAP to consummate the transactions contemplated by this Agreement are subject
to the fulfillment to ZAP`s reasonable satisfaction on or before the Closing of
each of the following conditions set forth below, subject to ZAP`s rights to
waive in writing any such condition:

       (a) Representations, Warranties and Covenants. All representations and
warranties of ASCR contained in this Agreement, as supplemented pursuant to
Section 2.13 above, shall be true and correct in all material respects as of the
Closing Date as if such representations and warranties were made as of the
Closing Date, and ASCR shall have performed and shall have caused to be
performed all agreements, obligations and covenants required by this Agreement
to be performed by it on or prior to the Closing Date.

       (b) Adverse Changes. There shall have been no adverse change in the
Business or the Assets including, without limitation, any adverse change in
ASCR's relationship with its customers, distributors, and suppliers, except as
listed in Schedule 4.01, attached hereto.

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<PAGE>

       (c) Financial Statements. ASCR shall have delivered to ZAP for ZAP's
review and approval ASCR's financial statements described in Section 2.03, which
approval shall not be unreasonably withheld.

       (d) Supplemental Schedules Approved. All Supplemental Schedules given by
ASCR, if any, shall have been reviewed and approved by ZAP, which approval shall
not be unreasonably withheld.

       (e) Litigation. No action or proceeding before a court or any other
governmental agency or body shall have been instituted and be pending or
threatened by a third party to restrain or prohibit any of the transactions
contemplated hereby.

       (f) Delivery of Certificate and Resolutions. ASCR shall have delivered to
ZAP a certificate of ASCR`s president and secretary: (i) stating that the
representations and warranties made by ASCR herein are true and correct in all
material respects on the Closing Date with the same force and effect as if they
had been made on and as of the Closing Date, (ii) stating that there has been no
breach of any covenant contained herein by ASCR, (iii) stating that all ASCR
conditions to Closing stated in this Agreement have been satisfied or waived,
(iv) stating that there has been no material adverse change with respect to
ASCR, (v) stating that ASCR knows of no challenge to the consummation of the
transactions contemplated by this Agreement and (vi) containing a copy of the
resolutions of ASCR`s board of directors and its shareholders approving this
Agreement and the consummation of the transactions contemplated hereby.

       (g) Agreement and Consents. At or prior to the Closing, ASCR shall have
obtained all necessary consents to the transfer of the Assets to ZAP.

       (h) Delivery of Assets; No Encumbrances. ASCR shall deliver good and
marketable title to the Assets free and clear of any encumbrances of any kind,
except for any encumbrances disclosed in Schedule 2.06, attached hereto.

       4.02 Conditions Precedent to Obligation of ASCR to Close. The obligations
of ASCR to consummate the transactions contemplated by this Agreement are
subject to the fulfillment to ASCR`s satisfaction on or before the Closing Date
of each of the following conditions set forth below, subject to ASCR`s rights to
waive in writing any such condition:

       (a) Representations, Warranties and Covenants. All representations and
warranties of ZAP contained in this Agreement, as supplemented pursuant to
Section 3.08 above, shall be true and correct in all material respects as of the
Closing Date as if such representations and warranties were made as of the
Closing Date, and ZAP shall have performed and shall have caused to be performed
all agreements, obligations and covenants required by this Agreement to be
performed by it on or prior to the Closing Date.

       (b) Adverse Changes. There shall have been no adverse change in ZAP's
business or its financial condition, except as described in Schedule 4.02,
attached hereto.

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       (c) Supplemental Schedules Approved. All Supplemental Schedules given by
ZAP, if any, shall have been reviewed and approved by ASCR, which approval shall
not be unreasonably withheld.

       (d) Litigation. No action or proceeding before a court or any other
governmental agency or body shall have been instituted and be pending or
threatened by a third party to restrain or prohibit any of the transactions
contemplated hereby.

       (e) Delivery of Certificate and Resolutions. ZAP shall have delivered to
ASCR a certificate of ZAP's president and secretary: (i) stating that the
representations and warranties made by ZAP herein are true and correct in all
material respects on the Closing Date with the same force and effect as if they
had been made on and as of the Closing Date, respectively, (ii) stating that
there has been no breach of any covenant contained herein by ZAP, (iii) stating
that all ZAP conditions to the Closing stated in this Agreement have been
satisfied or waived, (iv) stating that there has been no material adverse change
with respect to ZAP, (v) stating that ZAP knows of no challenge to the
consummation of the transactions contemplated by this Agreement and (vi)
containing a copy of the resolutions of ZAP's board of directors approving this
Agreement and the consummation of the transactions contemplated hereby.

       (f) Payment of Purchase Price. ZAP shall deliver the Purchase Price.

                                   ARTICLE V

                  INDEMNIFICATION; SURVIVAL OR REPRESENTATIONS,
                            WARRANTIES AND AGREEMENTS

       5.01 Indemnification by ASCR. ASCR agrees to indemnify and hold ZAP, its
directors, officers, shareholders, agents, employees, successors and assigns
(collectively, "ZAP Indemnitees"), harmless from and against any and all claims,
causes of action, demands, losses, cost, expenses, obligations, damages,
deficiencies, or liabilities, including interest, penalties, and reasonable
attorneys fees resulting from (i) any liability of ASCR relating to the
operation of ASCR's Business prior to the Closing Date except for those
liabilities specifically assumed by ZAP pursuant to Section 2.03 hereof and (ii)
a breach of any representation, warranty or agreement of ASCR contained in this
Agreement. The foregoing indemnification shall survive the Closing, and shall
remain operative and in full force and effect, regardless of any investigation
or statement as to the result thereof made by or on behalf of any party.

       5.02 Claims. In the event a claim is made against ZAP or any ZAP
Indemnitee for which they are (or either of them is) indemnified hereunder, ZAP
shall notify ASCR of such claim. In the event that any action indemnified
hereunder is brought against ZAP or a ZAP Indemnitee and ZAP shall notify ASCR
of the commencement thereof, ASCR shall, at its sole expense, assume the defense
thereof with counsel reasonably satisfactory to ZAP. ZAP shall have the right to
employ separate counsel in any such action and participate in the defense
thereof, but the fees and expenses of such separate counsel shall be at the
expense of ZAP unless ASCR has authorized the employment of such counsel in
writing. ASCR shall have the

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right to settle any such action or judgment, based on any such action, provided
that ASCR has previously rendered to ZAP satisfactory evidence of its ability to
pay any action or judgment, and contemporaneously with such settlement ASCR
shall pay the amount of such settlement. If ASCR shall fail to diligently defend
such action, ZAP, after written notice to ASCR, may do so with attorneys of its
own selection and ASCR shall be responsible for and shall pay any settlement or
judgment effected by ZAP and all attorneys' fees.

       5.03 Indemnification by ZAP. ZAP agrees to indemnify and hold ASCR, its
directors, officers, shareholders, agents, employees, successors and assigns
(collectively, "ASCR`s Indemnitees"), harmless from and against any and all
claims, causes of action, demands, losses, cost, expenses, obligations, damages,
deficiencies, or liabilities, including interest, penalties, and reasonable
attorneys fees resulting from a breach of any representation, warranty or
agreement of ZAP contained in this Agreement. The foregoing indemnification
shall survive the Closing, and shall remain operative and in full force and
effect, regardless of any investigation or statement as to the result thereof
made by or on behalf of any party.

       5.04 Claims. In the event a claim is made against ASCR or any ASCR
Indemnitee for which they are (or either of them is) indemnified hereunder, ASCR
shall notify ZAP of such claim. In the event that any action indemnified
hereunder is brought against ASCR or an ASCR Indemnitee and ASCR shall notify
ZAP of the commencement thereof, ZAP shall, at its sole expense, assume the
defense thereof with counsel reasonably satisfactory to ASCR. ASCR shall have
the right to employ separate counsel in any such action and participate in the
defense thereof, but the fees and expenses of such separate counsel shall be at
the expense of ASCR unless ZAP has authorized the employment of such counsel in
writing. ZAP shall have the right to settle any such action or judgment, based
on any such action provided that ZAP has previously rendered to ASCR
satisfactory evidence of its ability to pay any action or judgment, and
contemporaneously with such settlement ZAP shall pay the amount of such
settlement. If ZAP shall fail to diligently defend such action, ASCR, after
written notice to ZAP, may do so with attorneys of its own selection and ZAP
shall be responsible for and shall pay any settlement or judgment effected by
ASCR and all attorneys' fees.

                                   ARTICLE VI

                              ACCESS TO INFORMATION

       6.01 Confidentiality. All information not previously disclosed to the
public which shall have been furnished by ASCR or ZAP to the other party shall
not be disclosed prior to the Closing to any person other than the party's
respective employees, legal counsel, and accountants, in confidence, or used for
any purpose other than as contemplated herein. In the event that the sale of the
Assets shall not be consummated, all such information, including any schedule,
analysis or other documents prepared by ASCR or ZAP, which shall be in writing,
shall remain confidential. The parties acknowledge that disclosure by a party of
such information except as permitted hereunder may result in substantial harm to
the other party.

       6.02 Effect of Investigation. Any investigation of ASCR or ZAP by the
other party shall not affect any of the representations, agreements, covenants
or warranties set forth herein. Except as expressly waived in writing or
otherwise provided herein, all

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representations and warranties shall continue in full force and effect, and the
parties shall continue to be bound by them. If an exception to any
representation or warranty has been disclosed on a disclosure Schedule or
Supplemental Schedule delivered by a party prior to Closing, and the other party
receiving such disclosure proceeds to close notwithstanding such disclosure,
then such other party's right to damages or indemnification from the disclosing
party as to matters covered by such disclosure shall be deemed waived by such
other party.

                                  ARTICLE VII

                                     GENERAL

       7.01 Notices. Any notice or demand required or permitted to be given
under this Agreement shall be in writing and shall be deemed to have been duly
given when delivered personally and signed receipt for such notice or demand is
secured, or mailed by registered mail or certified mail, postage prepaid, return
receipt requested, and addressed to the following persons at the following
respective address unless by any such notice a different person or address shall
have been designated by the addressee:

         Notices to ZAP shall be sent to:

                  ZAPWORLD.com
                  117 Morris Street
                  Sebastopol, CA  95472
                  Attn:  Gary Starr

         Notice to ASCR shall be sent to:

                  American Scooter & Cycle Rental
                  c/o Jeff and Helena Sears
                  2715 Hyde Street
                  San Francisco, CA 94109

       7.02 Governing Law; Arbitration. The validity, construction,
interpretation and enforcement of this Agreement shall be determined and
governed by the laws of the State of California. Further, in the event of any
dispute between the parties relative to this Agreement, the inducements or
representations to enter into this Agreement, or the parties' performance of the
terms of this Agreement, said dispute(s) shall be resolved through binding
arbitration pursuant to the rules of the American Arbitration Association or
other mutually agreeable body, before one (1) arbitrator selected by the
parties, with the sites of the arbitration agreed to be in San Francisco,
California.

       7.03 Waiver and Modification. Any term or provision of this Agreement may
be waived at any time by a written instrument executed by the party which is
entitled to the benefit thereof; provided, however, that no such waiver shall
constitute a waiver by such party of any of its other rights and remedies, at
law or in equity. This Agreement may be amended, modified or supplemented at any
time only by a written instrument executed by all the parties hereto.

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<PAGE>

       7.04 Cooperation and Further Assurances. The parties to this Agreement
shall fully cooperate with each other in connection with all general matters and
tax matters (including tax audits) involving either party, which relate in any
way to this Agreement. Such cooperation shall include, but not be limited to the
preparation of an asset purchase valuation and classification schedule, prepared
pursuant to Internal Revenue Code Section 1060 et seq., as revised, and the
granting to the individual party and the taxing authorities reasonable access to
relevant business records and evidence of payment; provided, however, the party
requesting such cooperation shall pay costs and expenses of the cooperating
party in connection with such cooperation.

       7.05 Entire Agreement. This Agreement, including documents incorporated
herein by reference, the Exhibits and schedules attached hereto when duly
executed and delivered, constitute the entire agreement between the parties with
respect to the subject matter hereof and supersede all prior proposals, oral and
written, all previous negotiations and all other communications between the
parties with respect to the subject matter hereof (except to the extent any
other agreement may be incorporated into this Agreement by a writing executed by
ZAP and ASCR).

       7.06 Headings. The titles to articles and paragraphs hereof are used for
convenience only and shall not be deemed to be a part hereof, or affect the
construction or interpretation of any provision hereof.

       7.07 Attorneys' Fees. Except as otherwise provided herein, in connection
with enforcement of their respective rights hereunder, the parties shall each be
entitled to any right or remedy available at law or in equity, and the
prevailing party shall be entitled to reasonable attorneys' fees actually
incurred in connection therewith.

       7.08 Severability. If any provision of this Agreement is held invalid
under any applicable statute or rule of law, such invalidity shall not affect
the other provisions of this Agreement that can be given effect without the
invalid provisions, and to this end the provisions of this Agreement are
declared severable. Notwithstanding the above, such invalid provision or clause
shall be construed and enforced, to the extent possible, in accordance with the
original intent of the parties.

       7.09 Assignment. This Agreement may not be assigned to any party without
the written consent of the other party hereto.

       7.10 Recitals. The recitals herein are incorporated by this reference
into this Agreement and shall bind the parties in accordance with their terms.

       7.11 Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be considered to be an original, but all of
which together shall constitute one and the same instrument.

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<PAGE>

       IN WITNESS WHEREOF, the parties have caused this Agreement to be executed
by their respective officers, thereunto duly authorized, as of the date first
above written.

ASCR:                                           ZAP:

American Scooter and Cycle Rental,              ZAP WORLD.com, a California
Inc., a California corporation                  corporation

By:     /s/ Jeffrey Sears                       By:             /s/ Signature
     ------------------------------------            ---------------------------
     Jeffrey Sears, CEO                         Its:
                                                     ---------------------------

                                      -12-
<PAGE>

                                    EXHIBIT A
                      ASCR INVENTORY FOR ZAPWORLD TRANSFER
                                 MARCH 27, 2000

                              Yamaha Razz Scooters

 Unit #    Year                  Vin                     Plate           Mileage

  2 RED    1987           JYA3EPAOONA187470             CO21472           9,933
  4 RED    1987           JYA3EPA07NA187501             CO21475           7,525
  1 RED    1988           JYA3EPA09JA007042             CO21474           6,529
  3 RED    1987           JYA3EPA00NA187467             CO21473           8,508
  4 BLK    1987           JYA2HU003HA003520             14Y5199           4,824
  5        1987           JYA3EPA00NA180178             CO21476          10,375

  2 BLK    1987           JYA3EPA08NA187212             CO22991           4,424
  8        1988        1JH2AF1607JK004219 HONDA         14J5753           4,440

                             Honda Elite 80 Scooters

 Unit #    Year               Vin                       Plate            Mileage

   12      1996        3HIHF031OTD100036                14P7853          17,018
   15      1996        3H1HF0319TD100018                14P6611          16,070
   35      1994        3H1HF0313RD900418                14Y5211          21,419
   34      1996        3H1HF0318TD100012                14K5885          24,125
   16      1996        3H1HF0318TD100009                14P9311           6,308
   33      1995        3H1HF0319RD900200                14K5903          24,995
   24      1994        3H1HF0312RD900197                14K6702          23,968
   18      1994        3H1HFO311RD900143                12V1291          21,640
   20      1994        31HFO319SD000001                 14M5654          26,381

                                   EXHIBIT A
<PAGE>

                            Honda Elite 150 Scooters

 Unit #    Year               Vin                       Plate            Mileage

   48      1987        JH2KF0113HK204975                12X9166          11,132
   49      1987        JH2KF011XHK200535                12G4244          12,870
  white    1987        JH2KF0110HK201533                14J5753           4,558

                            Honda Helix 250 Scooters

 Unit #    Year               Vin                       Plate            Mileage

    1      1996        JH2MF0204TK100342                14T9143          28,072
    4      1996        JH2MF0208TK100361                14J5838          27,112

<PAGE>
<TABLE>
                                   Motorcycles
<CAPTION>
  Unit #       Year             Make               Model                   Vin                  Plate        Mileage

     <S>         <C>       <C>                 <C>                  <C>                          <C>          <C>
     3           1994      Harley Davidson     Sportster 883        1HD4CAM30RY214910            13X6466      47,823

     2           1994      Harley Davidson     Sportster 883        1HD4CAM37RY208411            13W7402      43,513

     2           1998          Yamaha          V-Star Classic        JYAVM01Y9000222             14V6166      23,738

     4           1998          Yamaha          V-Star Classic       JYAVM01Y2WA000224            14V6164      22,110

     3           1998          Yamaha          V-Star Classic       JYAVM01Y4WA000242            14V6167      20,059

     1           1998          Yamaha          V-Star Classic       JYAVM01Y2WA000241            14V6165      27,204

</TABLE>

                            1 1987 FORD RANGER TRUCK
                             VIN# 1FTCR14T2HPA53704
                                 PLATE# 3F85877

<PAGE>
                                    EXHIBIT B
                          AMERICAN SCOOTER RENTAL, INC.
                                  Balance Sheet
                             As of December 31, 1999

                                     ASSETS

Current Assets
     West America Bank                       5,289.41
     Wells Fargo Bank                       93,313.58
                                        ------------------

                                                              98,602.99
Fixed Assets
     Furniture & Fixtures                    3,123.06
     Machines & Equipment                  253,031.14
     Electric Vehicle                       11,030.20
     Office Equipment                        8,523.01
     Less:  Accumulated Depreciation      (222,986.41)
                                        ------------------

                                                              52,721.00
Other Assets
     Charles Schwab Investment              50,000.00
     Organizational Expense                    627.00
     Less:  Accumulated Amortization          (627.00)
     Goodwill                               85,543.00
                                        ------------------

                                                             135,543.00
                                                          ------------------

                                                             286,866.99
                                                          ==================

             LIABILITIES

Current Liabilities
     Federal Tax Withheld                    1,240.00
     FICA Withheld                             558.00
     Medicare                                  130.50
     State Income Tax Withheld                 710.00
                                        -----------------

                                                               2,638.50
Stockholders' Equity
     Issued Common Stock                    10,000.00
     Paid in Capital                       116,218.00
     Retained Earnings                      72,234.57
     Net income YTD                         85,775.92
                                        -----------------

                                                             284,228.49
                                                          ------------------

                                                             286,866.99
                                                          ==================

<PAGE>

Asset Purchase Agreement
American Scooter and Cycle Rental, Inc. - ZAP WORLD.com

Schedule 2.06

ASCR has good and marketable title to all of the Assets set forth in Exhibit A.

Schedule 2.07

The only pending or threatened legal action asserted against ASCR is the matter
of Boop v. American Scooter and Cycle Rental, Inc., San Francisco Superior Court
Action No. 998587. The suit involves a claim by a customer who rented a motor
scooter and sustained personal injuries as the result of a vehicular accident.
The matter is covered by ASCR's liability insurance. Recently a court appointed
arbitrator awarded the plaintiff the sum of $50,000, a sum that is well within
the policy limits. The matter is expected to settle without any exposure to
ASCR.

Aside from the foregoing matter, ASCR is unaware of any other material claims,
actions, proceedings or investigations pending, asserted or threatened against,
or involving the Business or the Assets.

Schedule 2.09

ASCR is not in default in any material respect under any agreement, contract,
lease or other material document relating to the Business or the Assets. There
have been no claims of such material defaults and, to the best of ASCR's
knowledge, information and belief, there are no facts or conditions which can
reasonably be expected to result in such a material default by ASCR.

Schedule 2.11

No claims have been threatened or asserted by any person that the manner in
which ASCR conducts its business is in violation of any license held by ASCR or
that ASCR's use of Intellectual Property infringes any proprietary right or
interest of any third party.

ASCR makes no warranties or representations whatsoever concerning its ownership
or right to use any particular intellectual property.STOCK PURCHASE AGREEMENT
                                       AND
                             PLAN OF REORGANIZATION

THIS STOCK PURCHASE AGREEMENT, made as of the 31st day of January, 2000, by and
among ZAPWORLD.com, a California corporation ("Buyer"), Barbary Coast Pedi Cab
Leasing Corporation, a California corporation ("Company"), and Jeff Sears and
Helena Sears as Trustees of the Jeff Sears and Helena Sears Revocable Trust
Dated January 3, 1997 (hereinafter referred to individually as a "Shareholder");

                                    Recitals

A.       Shareholder owns Fifty Thousand shares of the capital stock of Company
         which shares represent one hundred percent (100%) of the issued and
         outstanding shares of capital stock of Company.

B.       Buyer desires to acquire all of the issued and outstanding capital
         stock of Company held by the Shareholder in exchange solely for shares
         of voting stock of Buyer on the terms and conditions hereinafter set
         forth.

C.       The Parties intend to effect a reorganization (the "Reorganization") of
         Company in accordance with the terms and conditions of this Agreement.

D.       It is intended that the Reorganization qualify as a tax-free
         reorganization within the meaning of Section 368(a)(1)(B) of the
         Internal Revenue Code of 1986, as amended (the "Code").

E.       Company is engaged in the business of leasing pedi cabs (the
         "Business").

                                    Agreement

NOW, THEREFORE, in consideration of the promises and of the mutual covenants
hereinafter set forth, the parties hereto, intending to be legally bound, hereby
agree as follows:

1. Defined Terms. The following terms used in this Agreement shall have the
meanings indicated below unless the context otherwise indicates:

     1.1  "Business" shall have the meaning given in the recital to this
          Agreement.

     1.2  "Buyer" shall have the meaning given in the heading of this Agreement.

     1.3  "Buyer Stock" shall have the meaning given in Section 1 of this
          Agreement.

     1.4  "Closing" shall have the meaning given in Section 10.1 of this
          Agreement.

     1.5  "Closing Date" shall have the meaning given in Section 10.1 of this
          Agreement.

<PAGE>

     1.6  "Company" shall have the meaning given in the heading of this
          Agreement.

     1.7  "Contest Notice" shall have the meaning given in Section 11.3.2 of
          this Agreement.

     1.8  "Deficiencies" shall have the meaning given in Section 11.2 of this
          Agreement.

     1.9  "1933 Act" shall mean the Securities Act of 1933, as amended.

     1.10 "SEC" shall mean the Securities and Exchange Commission.

     1.11 "Shareholder" shall have the meaning given in the heading of this
          Agreement.

     1.12 "Shareholder's Agent" shall have the meaning given in Section 15 of
          this Agreement.

     1.13 "Stock Rights" shall have the meaning given in Section 3.1 of this
          Agreement.

2. Acquisition of Stock. On the Closing Date (as hereinafter defined),
Shareholder shall convey, transfer and assign, upon the terms and conditions
herein set forth, to Buyer, free and clear of all liens, security interests,
pledges, claims and encumbrances of every kind, nature and description, and
Buyer shall accept from Shareholder, all but not less than all of the
outstanding capital stock of Company in exchange for a total of Twenty-Four
Thousand (24,000) shares of Common Stock of Buyer (said Twenty-Four Thousand
(24,000) shares hereinafter called the "Buyer Stock") to be delivered on or
before the Closing (as hereinafter defined) to Shareholder.

3. Representations and Warranties of Company and Shareholder with Respect to
Company. As material inducement to Buyer to enter into this Agreement and to
close hereunder, Company and Shareholder hereby jointly and severally make the
following representations, warranties and agreements to and with Buyer:

     3.1 Corporate Status and Authority. Company is a corporation duly
organized, validly existing and in good standing under the laws of the State of
California. The execution, delivery and performance of this Agreement by Company
have been duly authorized by all necessary corporate action on the part of
Company, and this Agreement constitutes the valid and binding obligation of
Company, enforceable against it in accordance with its terms, except as
enforceability may be limited by bankruptcy, insolvency, moratorium and other
similar laws affecting creditors' rights generally and by general principles of
equity, whether considered in a proceeding at law or in equity.

     3.2 Capitalization.

     3.2.1 Authorized and Outstanding Shares. The total authorized capital stock
of Company is One Hundred Thousand (100,000) shares of common stock, 50,000
shares of

                                      -2-
<PAGE>

which are issued and outstanding as of the date of this Agreement, and
will be issued and outstanding as of the Closing Date.

     3.2.2 Valid Issuance. All issued shares of common stock of Company are duly
authorized, validly issued and outstanding, fully paid and non-assessable.

     3.2.3 No Options or Rights. There are no outstanding options, warrants or
other rights to purchase any capital stock of Company, nor are there any
securities which are convertible into capital stock of Company.

     3.2.4 Stock Transfer and Voting Agreements. None of Company's outstanding
capital stock is subject to any voting trusts, voting agreements, or other
agreements between or among Company and any other person. This representation
does not, and is not intended to limit in any way Company's right to enter into
a shareholders agreement with any or all of its shareholders after the Closing
Date.

     3.3 Agreement Not in Breach of Other Instruments Affecting Company. The
execution and delivery of this Agreement and the consummation of the
transactions provided for herein by Company do not and will not, with or without
the giving of notice, the lapse of time or both, result in the breach of any of
the terms and provisions of, or constitute a default under, or conflict with, or
cause any acceleration of any obligation of Company under, any agreement,
indenture or other instrument by which Company is bound, Company's Articles of
Incorporation or Bylaws, any judgment, decree, order or award of any court,
governmental body, or arbitrator, or any applicable law, rule or regulation.

     3.4 Financial Statements. The financial statements of Company as of
December 31, 1999 and the fiscal year then ended, fairly present the financial
condition of Company as of such date. Since such date, there has been no
material adverse change in the financial condition of the Company. The cash
balances shown on the balance sheet shall be reduced to a nominal sum prior to
closing.

     3.5 Litigation and Claims. Company is aware of no material claims, actions,
proceedings or investigations pending, asserted or threatened against, or
involving the Business.

     3.6 Agreements, Contracts and Commitments. Company is not a party to or
otherwise subject to any oral or written agreements or arrangement, contract or
commitment containing any covenant limiting the freedom of Company to engage in
the Business. Company is not in default in any material respect under any
agreement, contract, lease or other material document relating to the Business.
There have been no claims of such material defaults and, to the best of
Company's knowledge, information and belief, there are no facts or conditions
which can reasonably be expected to result in such a material default by
Company.

     3.7 Compliance with Laws. Company has complied in all material respects
with, and is not in violation in any material respect of any federal, state or
local statute, law, rule, or regulation with respect to the conduct of its
Business.

                                      -3-
<PAGE>

     3.8 Intellectual Property. Company's Intellectual Property constitutes all
such proprietary rights which are owned or held by Company and which are
reasonably necessary to, or used in the conduct of, the Business. Company owns
or has valid rights to use its Intellectual Property without conflict with the
rights of others. No person has made or, to the knowledge of Company, threatened
to make any claim that Company's use of Intellectual Property is in violation of
any license held by Company or infringes any proprietary right or interest of
any third party. To the knowledge of Company, no third party is infringing upon
any of Company's Intellectual Property. Company holds its Intellectual Property
free and clear of all Liens.

4. Further Representations and Warranties of Shareholder. As material inducement
to Buyer to enter into this Agreement and to close hereunder, each Shareholder
severally makes the following representations and warranties to Buyer:

     4.1 Ownership of Capital Stock of Company. Shareholder owns 50,000 shares
of common stock of Company. The Shareholder has good, marketable and
unencumbered title to such shares, free and clear of all liens, security
interests, pledges, claims, options and rights of others (collectively, "Stock
Rights"). There are no restrictions on the Shareholder's right to transfer such
shares to Buyer pursuant to this Agreement.

     4.2 All Outstanding Capital Stock of Company. The shares of common stock of
Company owned by Shareholder represent all of the issued and outstanding capital
stock of Company on the Closing Date.

     4.3 Authorization; Valid and Binding Agreement. The execution, delivery and
performance of this Agreement have been duly authorized by all necessary action
by Shareholder. This Agreement and the documents contemplated hereby have been,
or will be when executed and delivered at or prior to the Closing, duly executed
and delivered by Shareholder and constitute, or will constitute when executed
and delivered, the legal, valid and binding obligations of the Shareholder,
enforceable against the Shareholder in accordance with their terms, except as
the enforceability hereof or thereof may be limited by bankruptcy, insolvency,
moratorium and other similar laws affecting creditors' rights generally and by
general principles of equity, whether considered in a proceeding at law or in
equity. No approval of any governmental body or governmental agency is required
to consummate the transactions contemplated hereby, except any approvals
heretofore obtained.

     4.4 Agreement Not in Breach of Other Instruments Affecting the Shareholder.
The execution and delivery of this Agreement, the consummation of the
transactions provided for herein, and the fulfillment of the terms hereof by the
Shareholder do not and will not, with or without the giving of notice, the lapse
of time, or both, result in the breach of any of the terms and provisions of, or
constitute a default under, or conflict with, any agreement or other instrument
(including without limitation, Company's Articles of Incorporation and Bylaws)
by which such Shareholder is bound, any judgment, decree, order, or award of any
court, governmental body, or arbitrator, or any applicable law, rule or
regulation.

                                      -4-
<PAGE>

     4.5 Purchase for Investment. Shareholder is acquiring the shares of Buyer
stock for its own investment and not with a view to distribution or resale.

5. Representations and Warranties of Buyer. As material inducement to Company
and Shareholder to enter into this Agreement, Buyer makes the following
representations and warranties to Company and Shareholder:

     5.1 Corporate Status and Authority; Outstanding Stock. Buyer is a
corporation duly organized, validly existing and in good standing under the laws
of the State of California, and has the corporate power to acquire the stock to
be acquired hereunder. Buyer has a sufficient number of authorized but unissued
shares of Common Stock to be able to issue all of the shares of Buyer Stock
which are to be issued hereunder. The execution, delivery and performance of
this Agreement by Buyer have been duly authorized by all necessary corporate
action on the part of Buyer, and this Agreement constitutes the valid and
binding obligation of Buyer, enforceable against it in accordance with its
terms, except as enforceability may be limited by bankruptcy, insolvency,
moratorium and other similar laws affecting creditors' rights generally and by
general principles of equity, whether considered in a proceeding at law or in
equity.

     5.2 Status of Buyer Stock. The shares of Buyer Stock, when issued pursuant
to the terms of this Agreement, will be duly authorized, validly issued and
outstanding, fully paid and non-assessable.

     5.3 Agreement Not in Breach of Other Instruments Affecting Buyer. The
execution and delivery of this Agreement and the consummation of the
transactions provided for herein by Buyer do not and will not, with or without
the giving of notice, the lapse of time or both, result in the breach of any of
the terms and provisions of, or constitute a default under, or conflict with, or
cause any acceleration of any obligation of Buyer under, any agreement,
indenture or other instrument by which Buyer is bound, Buyer's Articles of
Incorporation or Bylaws, any judgment, decree, order or award of any court,
governmental body, or arbitrator, or any applicable law, rule or regulation.

     5.4 Financial Statements. The financial statements of Buyer as of March 31,
1999, have been prepared in accordance with generally accepted accounting
principles and fairly present the financial condition of Buyer as of such date.
Since such date, there has been no material adverse change in the financial
condition of Buyer.

     5.5 Purchase for Investment. Buyer is acquiring the shares of Company stock
for its own investment and not with a view to distribution or resale.

6. Continuation and Survival of Representations and Warranties. All
representations and warranties, including information disclosed in Schedules,
made in this Agreement shall continue to be true and correct at and as of the
Closing Date, as if made at each of such times. If any party hereto shall learn
of a representation or warranty being or becoming untrue at or prior to Closing,
such party shall promptly give notice thereof to all of the other parties
hereto. All representations and warranties contained herein shall survive the
consummation of the transactions provided for in this Agreement; shall continue
in full force and effect; and

                                      -5-
<PAGE>

shall provide the basis for the remedies set forth herein or otherwise available
to the non-breaching party. Each representation and warranty contained herein is
independent of all other representations and warranties contained herein
(whether or not covering an identical or a related subject matter) and must be
independently and separately complied with and satisfied. Exceptions or
qualifications to any representations or warranties contained herein shall not
be construed as exceptions or qualifications to any other warranty or
representation. No representation or warranty contained herein shall be deemed
to have been waived, affected or impaired by any investigation made by or
knowledge of any party to this Agreement.

7. Buyer's Inspection Rights. Company shall give to Buyer and its designated
employees or representatives full access to all of the properties and assets of
Company, to Company's stock books, and to all of Company's documents, books and
records relating to its current and past operations and Business. Company shall
permit such employees and representatives to make copies of Company's written
materials and to interview and question Company's employees.

8. Conditions Precedent to Buyer's Obligation to Close. The following shall be
conditions precedent to the obligation of Buyer to close hereunder, any of which
may be waived in whole or in part by Buyer:

     8.1 Each of the representations and warranties of Company and Shareholder
contained in this Agreement is now and, except as to those expressly limited to
the date hereof or some other specific date, at all times after the date of this
Agreement to and including the time of Closing shall be, true and correct
individually and collectively in all material respects, provided that any
references to materiality in any representation and warranty shall be
disregarded for purposes of this provision.

     8.2 Each of the agreements, covenants and undertakings of Company and
Shareholder contained in this Agreement, except for those calling for
performance after Closing, will have been fully performed and complied with both
individually and collectively in all material respects at or before Closing.

     8.3 No litigation, governmental actions or other proceeding involving or
potentially involving a liability, obligation or loss on the part of Company of
Five Thousand Dollars ($5,000) or more, in the aggregate, or which by reason of
the nature of the relief sought might have more than a remote possibility of
having a material adverse effect on Company's Business or financial condition,
shall be threatened or commenced against Company with respect to any matter; no
material litigation, governmental action or other proceeding shall be threatened
or commenced against Company or any Shareholder with respect to the consummation
of the transactions provided for herein; and neither Company nor any Shareholder
has any knowledge of any basis for such material litigation, governmental action
or proceeding.

     8.4 All indebtedness owing to Company by any director, officer, employee or
Shareholder of Company will be paid in full at or prior to Closing.

                                      -6-
<PAGE>

     8.5 All actions, proceedings, instruments and documents required to enable
Company and Shareholder to perform this Agreement or matters incident thereto
(other than matters for which Buyer is responsible under the terms of this
Agreement), and all other legal matters not relating to a default by Buyer of
its obligations hereunder, shall have been duly taken, satisfied, executed or
delivered, as the case may be, to the reasonable satisfaction of Buyer.

     8.6 All documents required to be delivered by Shareholder at or prior to
Closing shall have been delivered or shall be tendered at the time and place of
Closing.

     8.7 No Shareholder shall have filed or attempted to file an application for
approval of a repurchase offer with respect to the transactions contemplated
hereby in accordance with Section 25507(b) of the California Corporate
Securities Laws of 1968, as amended.

9. Conditions Precedent to Company's and Shareholder's Obligation to Close. The
following shall be conditions precedent to the obligation of Company and
Shareholder to close hereunder, any of which may be waived in whole or in part
by Company and Shareholder:

     9.1 Each of the representations and warranties of Buyer contained in this
Agreement is now and, except as to those expressly limited to the date hereof or
some other specified date, at all times after the date of this Agreement to and
including the time of Closing shall be, true and correct individually and
collectively in all material respects, provided that any references to
materiality in any representation or warranty shall be disregarded for purposes
of this provision.

     9.2 Each of the agreements, covenants and undertakings of Buyer contained
in this Agreement, except for those calling for performance after Closing, will
have been fully performed and complied with both individually and collectively
in all material respects at or before Closing.

     9.3 No material litigation, governmental action or other proceeding shall
be threatened or commenced against Buyer with respect to the consummation of the
transactions provided for herein, and Buyer has no knowledge of any basis for
any such material litigation, governmental action or other proceeding.

     9.4 All actions, proceedings, instruments and documents required to enable
Buyer to perform this Agreement or matters incident thereto (other than matters
for which Company and/or Shareholder are responsible under the terms of this
Agreement), and all other legal matters not relating to a default by Company or
Shareholder of their obligations hereunder, shall have been duly taken,
satisfied, executed or delivered, as the case may be, to the reasonable
satisfaction of Company and Shareholder.

     9.5 All documents required to be delivered by Buyer at or prior to Closing
shall have been delivered or shall be tendered at the time and place of Closing.

                                      -7-
<PAGE>

10.      Closing.

     10.1 Closing Date. The closing of the transactions provided for in this
Agreement (herein sometimes called the "Closing") shall take place in the
offices of ZAP, in Sebastopol, California at 10:00 a.m. on March 29, 2000 or
such other place and time as shall be agreed to between the Buyer, the Company
and Shareholder. The date and time of Closing is sometimes herein called the
"Closing Date."

     10.2 Deliveries by Shareholder and Company at Closing. At Closing,
Shareholder and Company will deliver or cause to be delivered to Buyer the
following:

     10.2.1 certificates for fifty thousand (50,000) shares of Common Stock of
Company, endorsed by Shareholder in blank, or with stock transfer powers
executed by Shareholder in blank attached;

     10.2.2 the signed resignations of all directors and all officers of Company
dated and effective as of the Closing Date;

     10.2.3 the stock books and records, corporate minute books (containing the
originals of all minutes and resolutions ever adopted or consented to or agreed
to by the shareholders, directors or any committee of directors of Company) and
the corporate seal of Company;

     10.3 Deliveries by Buyer at Closing. At the Closing, Buyer will deliver or
cause to be delivered to Shareholder certificates for an aggregate Twenty-Four
Thousand (24,000) shares of validly issued, fully paid and non-assessable Buyer
Stock registered in the name of the Shareholder

11.      Indemnification of Buyer.

     11.1 Basic Provision. Shareholder hereby jointly and severally indemnifies
and agrees to hold harmless Buyer and its successors and assigns and each such
entity's officers, directors, shareholders and agents (each of whom shall be a
third party beneficiary hereof) from, against and in respect of the amount of
any and all Deficiencies (as hereinafter defined).

     11.2 Definition of "Deficiencies." As used in this Section 11,
"Deficiencies" means any and all loss or damage to Buyer or Company resulting
from:

     11.2.1 any misrepresentation, breach of warranty, or any non-fulfillment of
any representation, warranty, covenant or agreement on the part of Company or
Shareholder contained herein;

     11.2.2 any error contained in any statement, report, certificate or other
document or instrument delivered to Buyer pursuant to this Agreement or
contained in any Schedule attached hereto;

     11.2.3 any actual or alleged claim, debt, liability, obligation, loss,
fine, penalty, damage or diminution in value suffered by Company or incurred by
Company to any party, incurred prior

                                      -8-
<PAGE>

to Closing hereunder or arising from any matter or thing occurring prior to
Closing hereunder, including but not limited to claims made by governmental
authorities for taxes or otherwise, except for (a) liabilities expressly
disclosed in this Agreement, including the Schedules attached hereto, and (b)
liabilities incurred between the date of this Agreement and the Closing Date,
the incurrence of which is not in violation of the provisions of this Agreement;
and

     11.2.4 any and all actions, suits, proceedings, demands, assessments,
judgments, reasonable attorneys' fees, costs, expenses and interest incident to
any of the foregoing.

     11.3 Procedures for Establishment of Deficiencies.

     11.3.1 In the event that any claim shall be asserted against Buyer or
Company which, if sustained, would result in a Deficiency, Buyer, within a
reasonable time after learning of such claim, shall notify Shareholder of such
claim, and shall extend to Shareholder a reasonable opportunity to defend
against such claim, at the Shareholder's sole expense and through legal counsel
satisfactory to Buyer, such satisfaction not to be withheld unreasonably,
provided that the Shareholder proceeds in good faith, expeditiously and
diligently. No effort to recover the amount of the Deficiency related to such
claim shall be made by Buyer pursuant to Section 11.3.2 while such defense is
still being made until the earlier of (a) the resolution of said claim by the
Shareholder with the claimant, or (b) the termination of the defense by the
Shareholder against such claim or the failure of the Shareholder to prosecute
such defense in good faith in an expeditious and diligent manner. Buyer shall be
entitled to rely upon the opinion of its counsel as to the occurrence of either
of said events. Buyer shall, at its option and expense, have the right to
participate in any defense undertaken by the Shareholder with legal counsel of
its own selection. No settlement or compromise of any claim which may result in
a Deficiency may be made by the Shareholder without the prior written consent of
Buyer unless prior to such settlement or compromise the Shareholder acknowledges
in writing its obligation to pay in full the amount of the settlement or
compromise and all associated expenses and Buyer is furnished with security
reasonably satisfactory to Buyer that the Shareholder will in fact pay such
amount and expenses.

     11.3.2 In the event that Buyer asserts the existence of any Deficiency,
Buyer shall give written notice to the Shareholder of the nature and amount of
the Deficiency asserted. If the Shareholder, within a period of fifteen (15)
days after the giving of such notice by Buyer, shall not give written notice to
Buyer announcing its intention to contest such assertion of Buyer (such notice
by the Shareholder being hereinafter called the "Contest Notice"), such
assertion of Buyer shall be deemed accepted and the amount of the Deficiency
shall be deemed established. In the event, however, that a Contest Notice is
given to Buyer within said 15-day period, then the contested assertion of a
Deficiency shall be settled by arbitration to be held in San Francisco,
California in accordance with the commercial arbitration rules of the American
Arbitration Association then obtaining. The determination of the arbitrator(s)
shall be delivered in writing to Shareholder and Buyer and shall be final,
binding and conclusive upon all of the parties hereto, and the amount of the
Deficiency, if any, determined to exist by the arbitrator(s) shall be deemed
established.

                                      -9-
<PAGE>

     11.3.3 Buyer and the Shareholder may agree in writing, at any time, as to
the existence and amount of a Deficiency, and, upon the execution of such
agreement, such Deficiency shall be deemed established.

     11.4 Payment of Deficiencies. The Shareholder hereby agrees to pay the
amount of each established Deficiency to Buyer within five (5) days after the
establishment thereof in cash or, at the election of the Shareholder, in shares
of Buyer Stock at the rate of Six Dollars and Twenty-Five Cents ($6.25) per
share, rounding off the result to the nearest full number of shares, subject to
equitable adjustment for stock dividends, stock splits, stock distributions,
share reclassifications, exchanges, mergers, consolidations or other changes in
capitalization affecting the common stock of Buyer occurring after the Closing
Date and prior to such payment date. Any amounts not paid by the Shareholder
when due under this Section 11.4 shall bear interest from the due date thereof
until the date paid at a rate equal to the lesser of twelve percent (12%) per
annum or the highest legal rate permitted by applicable law.

     11.5 Limitation. Notwithstanding the foregoing, there shall be no liability
for any Deficiency: (a) unless the aggregate of all Deficiencies exceeds Five
Thousand Dollars ($5,000), in which event there shall be liability for all
Deficiencies, and (b) unless the claim therefor has been asserted pursuant to
Section 11.3 within one year after the Closing.

     11.6 Remedy Not Exclusive. The remedies of Buyer under this Section 11 for
matters covered by this Section 11 shall not be exclusive of any other remedies
that Buyer may have in law or equity.

12.      Securities Laws Compliance Procedures.

     12.1 Knowledge Respecting Buyer. Shareholder represents and acknowledges
that it is a sophisticated investor with knowledge and experience in business
and financial matters, knows, or has had the opportunity to acquire, all
information concerning the business, affairs, financial condition and prospects
of Buyer which he or she deems relevant to make a fully informed decision
regarding the consummation of the transactions contemplated hereby and is able
to bear the economic risk and lack of liquidity inherent in holding the Buyer
Stock. Without limiting the foregoing, Shareholder understands and acknowledges
that neither Buyer nor anyone acting on its behalf has made any representations
or warranties other than those contained herein respecting Buyer or the future
conduct of Buyer's business or of Company's business, and no Shareholder has
relied upon any representations or warranties other than those contained herein
in the belief that they were made on behalf of Buyer.

     12.2 Status of Shares to be Issued. Shareholder agrees, acknowledges and
confirms that it has been advised and understands as follows:

     12.2.1 Shareholder is acquiring the shares of Buyer Stock to be issued to
him or her for his or her own account and without a view to any distribution or
resale thereof, other than a distribution or resale which, in the opinion of
counsel for such Shareholder (which opinion shall be satisfactory in form and
substance to Buyer), may be made without violating the registration provisions
of the Securities Act of 1933, as amended (the "1933 Act") or any applicable
blue sky laws. Shareholder acknowledges that the shares of Buyer

                                      -10-
<PAGE>

Stock are "restricted securities" within the meaning of Rule 144 under the 1933
Act and have not been registered under the 1933 Act or any state securities laws
and thereafter must be held indefinitely unless they are subsequently registered
under the 1933 Act or an exemption from such registration is available. Buyer is
under no obligation to register the shares of Buyer Stock under the 1933 Act or
any state securities law or to take any action which would make available an
exemption from such registration.

     12.2.2 There shall be endorsed on the certificates evidencing the shares of
Buyer Stock delivered at Closing a legend substantially similar to the
following:

          "THE SHARES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
          UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "1933 ACT") OR THE
          SECURITIES LAWS OF ANY OTHER JURISDICTION AND ARE "RESTRICTED
          SECURITIES" AS DEFINED BY RULE 144 UNDER THE 1933 ACT. THE SHARES MAY
          NOT BE SOLD, TRANSFERRED, PLEDGED OR DISTRIBUTED IN THE ABSENCE OF AN
          EFFECTIVE REGISTRATION STATEMENT REGISTERING THE SHARES UNDER THE 1933
          ACT AND THE SECURITIES LAWS OF ANY STATE REQUIRING SUCH REGISTRATION,
          OR IN LIEU THEREOF, AN OPINION OF COUNSEL, WHICH OPINION IS
          SATISFACTORY TO THE ISSUER OF THE SHARES, TO THE EFFECT THAT
          REGISTRATION IS NOT REQUIRED UNDER SAID ACTS. WITHOUT LIMITING THE
          FOREGOING, THE SHARES MAY NOT BE SOLD WITHIN TWELVE MONTHS AFTER THE
          DATE OF THIS CERTIFICATE WITHOUT AN OPINION OF COUNSEL, WHICH OPINION
          IS SATISFACTORY TO THE ISSUER, THAT SUCH SALE DOES NOT VIOLATE THE
          CALIFORNIA CORPORATE SECURITIES LAW OF 1968, AS AMENDED, OR THE RULES
          AND REGULATIONS THEREUNDER."

     12.2.3 Except under certain limited circumstances, the above restrictions
on the transfer of the shares of Buyer Stock will also apply to any and all
shares of capital stock or other securities issued or otherwise acquired with
respect to such shares, including, without limitation, shares and securities
issued or acquired as a result of any stock dividend, stock split or exchange or
any distribution of shares or securities pursuant to any corporate
reorganization, reclassification or similar event.

     12.2.4 Buyer and its transfer agent may refuse to effect a transfer of any
of the shares of Buyer Stock by the Shareholder or any of its successors,
personal representatives or assigns otherwise than as contemplated hereby.

                                      -11-
<PAGE>

13. Further Assurances. Buyer and Shareholder agree to execute and deliver all
such other instruments and take all such other action as any party may
reasonably request from time to time, before or after Closing and without
payment of further consideration, in order to effectuate the transactions
provided for herein. The parties shall cooperate fully with each other and with
their respective counsel and accountants in connection with any steps required
to be taken as part of their respective obligations under this Agreement,
including, without limitation, the preparation of financial statements and tax
returns.

14.      Restrictive Covenants.

     14.1 Duration and Extent of Restriction. For a period of two (2) years
following the Closing hereunder, Shareholder will not (individually,
collectively, or in any combination, as principal, partner, member, investor,
director, officer, agent, employee, consultant or otherwise) directly or
indirectly (except as employees of Buyer or a subsidiary of Buyer) engage in, or
directly or indirectly be financially interested in, any business which is
engaged in pedi cab leasing at any place in the City and county of San
Francisco. Nothing in the foregoing sentence shall be deemed, however, to
prevent any Shareholder from owning securities of Buyer, or of any other
publicly owned corporation engaged in any such business, provided that the total
amount of securities of each class owned by such Shareholder either of record or
beneficially in such other publicly owned corporation does not exceed one
percent (1%) of the outstanding securities of such class. In addition, for a
period of two (2) years following the Closing hereunder, Shareholder will not,
directly or indirectly, induce or attempt to influence any employee, customer,
independent contractor or supplier of Company to terminate his or her employment
or any other relationship with Company. Shareholder shall not at any time use
for Shareholder's personal benefit, or disclose, communicate or divulge to, or
use for the direct or indirect benefit of any person or entity, any confidential
information of Company. "Confidential information," as used in the preceding
sentence, means any information regarding Company's business methods, business
policies, procedures, techniques, research or development projects or results;
historical or projected financial information, budgets, trade secrets or other
knowledge or processes of or developed by Company; any names and addresses of
customers or clients or any data on or relating to past, present or prospective
Company customers or clients; or any other confidential information relating to
or dealing with the business, operations or activities of Company, excepting in
each case information otherwise lawfully known generally by, or readily
accessible to, the trade or the general public.

     14.2 Remedies for Breach. Each Shareholder acknowledges that the
restriction contained in Section 14.1 is reasonable and necessary in order to
protect Buyer's legitimate interests and that any violation thereof would result
in irreparable injury to Buyer. Each Shareholder therefore acknowledges and
agrees that, in the event of any violation thereof, Buyer shall be authorized
and entitled to obtain, from any court of competent jurisdiction, preliminary
and permanent injunctive relief as well as an equitable accounting of all
profits or benefits arising out of such violation, which rights and remedies
shall be cumulative and in addition to any other rights or remedies to which
Buyer may be entitled.

                                      -12-
<PAGE>

     14.3 Extension of Restriction. In the event of any breach or violation of
the restriction contained in Section 14.1, the time period therein specified
shall abate during the time of any violation thereof and that portion remaining
at the time of commencement of any violation shall not begin to run until such
violation has been fully and finally cured.

     14.4 No Separate Consideration. The parties agree that the restrictions on
Shareholder in this Section 14 are an incidental part of the overall transaction
contemplated by this Agreement; no part of the overall consideration being paid
by Buyer to Shareholder hereunder is being allocated separately to such
restrictions; and no party will take a position inconsistent with this Section
14.4 for tax or any other purpose.

15. Indemnity Against Brokerage Commissions and Finder's Fees. Buyer and each
Shareholder hereby represents and warrants that there is no person or entity
entitled to receive from Buyer or such Shareholder any brokerage commission or
finder's fee in connection with this Agreement or the transactions provided for
herein, and each hereby indemnifies and agrees to save the other parties hereto
harmless from and against any claim for brokerage commission or finder's fee
based on any retention or alleged retention of a broker or finder by such party.

16.      Miscellaneous.

     16.1 Notices. Any notice or demand required or permitted to be given under
this Agreement shall be in writing and shall be deemed to have been duly given
when delivered personally and signed receipt for such notice or demand is
secured, or mailed by registered mail or certified mail, postage prepaid, return
receipt requested, and addressed to the following persons at the following
respective address unless by any such notice a different person or address shall
have been designated by the addressee:

         Notices to Buyer shall be sent to:

                  ZAPWORLD.com
                  117 Morris Street
                  Sebastopol, CA  95472
                  Attn:  Gary Starr

         Notices to Company shall be sent to:

                  Barbary Coast Pedi Cab Leasing Corporation
                  2715 Hyde Street
                  San Francisco, CA 94109

         Notices to Shareholder shall be sent to:

                  Jeff and Helena Sears
                  2715 Hyde Street
                  San Francisco, CA 94109

                                      -13-
<PAGE>

     16.2 Governing Law; Arbitration. The validity, construction, interpretation
and enforcement of this Agreement shall be determined and governed by the laws
of the State of California. Further, in the event of any dispute between the
parties relative to this Agreement, the inducements or representations to enter
into this Agreement, or the parties' performance of the terms of this Agreement,
said dispute(s) shall be resolved through binding arbitration pursuant to the
rules of the American Arbitration Association or other mutually agreeable body,
before one (1) arbitrator selected by the parties, with the sites of the
arbitration agreed to be in San Francisco, California.

     16.3 Waiver and Modification. Any term or provision of this Agreement may
be waived at any time by a written instrument executed by the party which is
entitled to the benefit thereof; provided, however, that no such waiver shall
constitute a waiver by such party of any of its other rights and remedies, at
law or in equity. This Agreement may be amended, modified or supplemented at any
time only by a written instrument executed by all the parties hereto.

     16.4 Cooperation and Further Assurances. The parties to this Agreement
shall fully cooperate with each other in connection with all general matters and
tax matters (including tax audits) involving either party, which relate in any
way to this Agreement. Such cooperation shall include, but not be limited to the
preparation of an asset purchase valuation and classification schedule, prepared
pursuant to Internal Revenue Code Section 1060 et seq., as revised, and the
granting to the individual party and the taxing authorities reasonable access to
relevant business records and evidence of payment; provided, however, the party
requesting such cooperation shall pay costs and expenses of the cooperating
party in connection with such cooperation.

     16.5 Entire Agreement. This Agreement, including documents incorporated
herein by reference, the Exhibits and schedules attached hereto when duly
executed and delivered, constitute the entire agreement between the parties with
respect to the subject matter hereof and supersede all prior proposals, oral and
written, all previous negotiations and all other communications between the
parties with respect to the subject matter hereof (except to the extent any
other agreement may be incorporated into this Agreement by writing executed by
Buyer, Company and Shareholder).

     16.6 Headings. The titles to articles and paragraphs hereof are used for
convenience only and shall not be deemed to be a part hereof, or affect the
construction or interpretation of any provision hereof.

     16.7 Attorneys` Fees. Except as otherwise provided herein, in connection
with enforcement of their respective rights hereunder, the parties shall each be
entitled to any right or remedy available at law or in equity, and the
prevailing party shall be entitled to reasonable attorneys' fees actually
incurred in connection therewith.

     16.8 Severability. If any provision of this Agreement is held invalid under
any applicable statute or rule of law, such invalidity shall not affect the
other provisions of this Agreement that can be given effect without the invalid
provisions, and to this end the

                                      -14-
<PAGE>

provisions of this Agreement are declared severable. Notwithstanding the above,
such invalid provision or clause shall be construed and enforced, to the extent
possible, in accordance with the original intent of the parties.

     16.9 Assignment. This Agreement may not be assigned to any party without
the written consent of the other party hereto.

     16.10 Recitals. The recitals herein are incorporated by this reference into
this Agreement and shall bind the parties in accordance with their terms.

     16.11 Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be considered to be an original, but all of
which together shall constitute one and the same instrument.

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written.

BARBARY COAST PEDI CAB LEASING CORPORATION

By:           /s/ Jeffrey Sears
          --------------------------------------------------
          Jeffrey Sears

Its:
          --------------------------------------------------

ZAPWORLD.COM

By:            /s/ Signature
          --------------------------------------------------

Its:
          --------------------------------------------------

SHAREHOLDER

The Jeff Sears and Helena Sears Revocable Trust Dated January 3, 1997

By:            /s/ Jeffrey Sears
          --------------------------------------------------
          Jeffrey Sears, Trustee

By:            /s/ Helena Sears
          --------------------------------------------------
          Helena Sears, Trustee

                                      -15-

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