Document:

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                                                                    Exhibit 10.1

                                    SUBLEASE

                                 by and between

                       ACTION PERFORMANCE COMPANIES, INC.,
                             an Arizona corporation

                                    "Lessor"

                                       and

                      INTEGRATED INFORMATION SYSTEMS, INC.,
                             a Delaware corporation

                                    "Lessee"

                                 March 28, 2000
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                               TABLE OF CONTENTS

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1.   BASIC LEASE PROVISIONS ...............................................................................   1
2.   PRIME LEASE ..........................................................................................   2
3.   SUBLEASE .............................................................................................   2
4.   TERM .................................................................................................   2
5.   ACCESS FROM AND AFTER EXECUTION OF SUBLEASE UNTIL THE
       COMMENCEMENT DATE ..................................................................................   3
6.   FIRST FLOOR RETAINED PREMISES EXPANSION RIGHT ........................................................   3
7.   SURRENDER OF FIRST FLOOR RETAINED PREMISES ...........................................................   3
8.   SECOND FLOOR RETAINED PREMISES EXPANSION RIGHT .......................................................   3
9.   SURRENDER OF SECOND FLOOR RETAINED PREMISES ..........................................................   4
10.  RELEASE OF LESSOR ....................................................................................   4
11.  POSSESSION ...........................................................................................   4
12.  LESSEE'S USE .........................................................................................   5
13.  RENT .................................................................................................   5
14.  ADDITIONAL RENT ......................................................................................   6
15.  LESSEE'S OBLIGATIONS .................................................................................   6
16.  QUIET ENJOYMENT ......................................................................................   6
17.  LESSEE'S INSURANCE ...................................................................................   7
18.  ASSIGNMENT OR SUBLETTING .............................................................................   7
19.  RULES ................................................................................................   8
20.  REPAIRS AND COMPLIANCE ...............................................................................   8
21.  FIRE OR CASUALTY OR EMINENT DOMAIN ...................................................................   8
22.  ALTERATIONS ..........................................................................................   8
23.  SURRENDER ............................................................................................   9
24.  REMOVAL OF LESSEE'S PROPERTY .........................................................................   9
25.  HOLDING OVER .........................................................................................   9
26.  ENCUMBERING TITLE ....................................................................................  10
27.  INDEMNITY ............................................................................................  10
28.  LESSOR'S RESERVED RIGHTS .............................................................................  13
29.  DEFAULTS .............................................................................................  13
</TABLE>

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                               TABLE OF CONTENTS
                                   (continued)
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30.  REMEDIES .............................................................................................  14
31.  SECURITY DEPOSIT .....................................................................................  14
32.  NOTICES AND CONSENTS .................................................................................  14
33.  PROVISIONS REGARDING SUBLEASE ........................................................................  15
34.  ADDITIONAL SERVICES ..................................................................................  16
35.  BROKERAGE ............................................................................................  16
36.  FORCE MAJEURE ........................................................................................  16
37.  SIGNAGE ..............................................................................................  16
38.  PARKING ..............................................................................................  17
39.  MISCELLANEOUS ........................................................................................  17
40.  HAZARDOUS MATERIALS ..................................................................................  19
41.  ESTOPPEL CERTIFICATE .................................................................................  20
42.  ATTORNEYS' FEES ......................................................................................  20
</TABLE>

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                                    SUBLEASE

THIS SUBLEASE ("Sublease") is made and entered into as of March 28, 2000,
by and between ACTION PERFORMANCE COMPANIES, INC., an Arizona corporation
("Lessor") and INTEGRATED INFORMATION SYSTEMS, INC., a Delaware
corporation ("Lessee").

1.       BASIC LEASE PROVISIONS.

         A. Building Property Address: 1480 South Hohokam Drive, Tempe, Arizona
85281.

         B. Lessee's Address (for notices): 1560 West Fountainhead Parkway,
Suite 200, Tempe, Arizona 85282, Attn: General Counsel.

         C. Lessor's Address (for notices): 4707 East Baseline Road, Phoenix,
Arizona 85034, Attn: Chief Financial Officer.

         D. Prime Lessor: H-B TEMPE, L.L.C.

         E. Prime Lessor's Address (for notices): 4636 East University Drive
Suite 265, Phoenix, Arizona 85034, Attn: Property Manager.

         F. Identification of Prime Lease and all Amendments thereto: Lease
dated June 28, 1999 by and between H-B TEMPE, L.L.C., an Arizona limited
liability company, as Lessor, and ACTION PERFORMANCE COMPANIES, INC., an Arizona
corporation, as Lessee.

         G. Commencement Date: The later to occur of (i) Prime Lessor's written
consent to this Sublease, or (ii) April 1, 2000.

         H. Expiration Date: 11:59 p.m. on October 30, 2009.

         I. Base Rent: See Exhibit D attached to this Sublease.

         J. Payee of Rent: Prime Lessor for the account of Lessor.

         K. Address for Payment of Rent: 4707 East Baseline Road, Phoenix,
Arizona 85034, Attn: Accounts Receivable.

         L. Description of Premises: Portions of the first and second floors of
the building (the "Building") consisting of approximately 36,285 of the
approximate 65,018 rentable square feet of the Building, all as depicted on the
Floor Plan attached to this Sublease as Exhibit A, subject to Lessor's retention
of the "Retained Premises" and identified on Exhibit B.
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         M. Lessee's Use: General Office use and for any other purpose permitted
under the Prime Lease.

         N. Security Deposit: $43,844.00

         2. PRIME LEASE. Lessor is the Lessee under a Prime Lease (the "Prime
Lease") with the Prime Lessor identified in Section 1(D), bearing the date
specified in Section 1(F). Lessor represents and warrants that (a) Lessor has
delivered to Lessee a full and complete copy of the Prime Lease and all other
agreements between Prime Lessor and Lessor relating to the leasing, use, and
occupancy of the Premises, which Prime Lease and other agreements are attached
as Exhibit E hereto, (b) the Prime Lease is, as of the date hereof and as of the
Commencement Date, in full force and effect, and (c) as of the date hereof and
as of the Commencement Date there exist no material defaults under the Prime
Lease. Lessor and Lessee acknowledge and agree that the consent of the Prime
Lessor to this Sublease is required under the terms of Paragraph 16 of the Prime
Lease.

         3. SUBLEASE.

         A. Lessor, for and in consideration of the rents herein reserved and of
the covenants and agreements herein contained on the part of the Lessee to be
performed, hereby subleases to the Lessee, and the Lessee accepts from the
Lessor, that certain space described in Section 1(L) (the "Premises") and
located in the Building, situated on and a part of the property (the "Property")
described in Section 1(A). Lessor and Lessee acknowledge and agree that the Base
Rent set forth in Section 1(I) is based upon the Premises containing the
rentable square footage set forth in Section 1(L) Neither Lessor nor Lessee has
caused the precise rentable square footage of the Premises to be measured, but
rather Lessor and Lessee have stipulated to the rentable square footage of the
Premises as set forth in Section 1(L).

         B. Lessee acknowledges and agrees that the Premises include certain
common areas within the Building including, without limitation, lobbies,
hallways, elevators, stairs and restroom facilities, and Lessee grants to Lessor
the nonexclusive right to use, in common with Lessee such common areas. In
addition, Lessee grants to Lessor the nonexclusive right to use, in common with
Lessee the certain agreed upon portions of the Data Center as depicted on the
attached Exhibit F.

         C. Lessor and Lessee acknowledge and agree that the Premises constitute
less than the entire premises leased by Lessor from the Prime Lessor pursuant to
the Prime Lease (the "Prime Lease Premises"). For convenience, those portions of
the Prime Lease Premises not subleased by Lessor to Lessee are referred to in
this Sublease as the "First Floor Retained Premises" and "Second Floor Retained
Premises" or collectively, the "Retained Premises" as depicted on the Floor Plan
attached to this Sublease as Exhibit B.

         4. TERM. The term of this Sublease (the "Term") shall commence on the
date (the "Commencement Date") specified in Section 1(G) and shall expire on the
date (the "Expiration Date") specified in Section 1(H), unless sooner terminated
as otherwise provided elsewhere in this Sublease. Provided Lessor shall be
released from all liability under the Prime Lease by Prime Lessor, Lessee shall
have and is hereby granted the option, pursuant to Exhibit E of the

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Prime Lease and subject to the terms and conditions contained therein, to extend
the Term for up to two (2) consecutive terms of five (5) years each.

         5. ACCESS FROM AND AFTER EXECUTION OF SUBLEASE UNTIL THE COMMENCEMENT
DATE . Lessee shall have access to the Premises from and after the execution of
this Sublease until the Commencement Date (the "Access Period") for purposes of
constructing certain improvements, preparing the Premises for its intended use
and, should such preparations be completed prior to the Commencement Date,
actual occupation of the Premises, subject to all of the terms and conditions of
this Sublease except that Lessee shall have no obligation to pay the Rent (as
defined below) until the Commencement Date. Lessee's right to possession of the
Premises during the Access Period shall not be exclusive as to Lessor and the
parties shall cooperate and coordinate with each other to insure the efficient
and timely completion of any tenant improvements which Lessee, with Lessor's and
Prime Lessor's consent (as required), shall require for its use and occupation
of the Premises. Lessee shall require that any and all contractors in the
Premises during the Access Period shall be insured and shall carry policies of
general commercial liability and workmen's compensation in form and amounts
reasonably acceptable to Lessor. Lessee shall furnish to Lessor and Lessor shall
approve of all certificates of insurance evidencing each contractor's insurance
coverage prior to such contractor's access to the Premises. Subject to Section
27 below, Lessee shall indemnify, protect, defend and hold Lessor harmless for,
from and against all claims, actions, liens, damages. losses, causes,
liabilities and expenses including, without limitation, reasonable attorney's,
accountant's and investigator's fees and court costs (collectively, the
"Claims"), arising in whole or in part from any activity, work or thing done,
permitted or suffered to be done by Lessee, its contractors, licensees,
invitees, employees and agents in or on the Premises during the Access Period,
except to the extent such claims arise from the negligent acts or omissions of
Lessor, its contractors, licensees, invitees, employees and agents.

         6. FIRST FLOOR RETAINED PREMISES EXPANSION RIGHT. Provided that: (i) an
Event of Default by Lessee has not occurred and is continuing at the time of the
delivery of the Expansion Notice and at the time the First Floor Retained
Premises becomes a part of the Premises; and (ii) Lessee is fully occupying the
Premises. Lessee shall have and is hereby granted an option to lease the First
Floor Retained Premises commencing no earlier than October 1, 2000 and
terminating on the Expiration Date (the "First Floor Retained Premises Expansion
Right"). If Lessee desires to exercise its option to lease the First Floor
Retained Premises, it must give Lessor written notice of its intent to do so
(the "First Floor Expansion Notice") no later than three (3) months prior to the
date upon which it intends to take possession of the First Floor Retained
Premises. Effective as of the date the First Floor Retained Premises becomes a
part of the Premises, the Base Rent shall be as specified in Exhibit D.

         7. SURRENDER OF FIRST FLOOR RETAINED PREMISES. Lessor may, upon three
(3) months notice to Lessee, surrender possession of the First Floor Retained
Premises to Lessee. Effective as of the date the First Floor Retained Premises
becomes a part of the Premises, the Base Rent shall be as specified in Exhibit
D.

         8. SECOND FLOOR RETAINED PREMISES EXPANSION RIGHT. Provided that: (i)
an Event of Default by Lessee has not occurred and is continuing at the time of
the delivery of the Expansion Notice and at the time the Second Floor Retained
Premises becomes a

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part of the Premises; and (ii) Lessee is fully occupying the Premises, Lessee
shall have and is hereby granted an option to lease the Second Floor Retained
Premises (the "Second Floor Retained Premises Expansion Right"). If Lessee
desires to exercise its option to lease the Second Floor Retained Premises, it
must give Lessor written notice of its intent to do so (the " Second Floor
Expansion Notice") no later than thirty (30) days prior to the date upon which
it intends to take possession of the Second Floor Retained Premises. Effective
as of the date the Second Floor Retained Premises becomes a part of the
Premises, the Base Rent shall be as specified in Exhibit D.

         9. SURRENDER OF SECOND FLOOR RETAINED PREMISES. Lessor may, upon thirty
(30) days notice to Lessee, surrender possession of the Second Floor Retained
Premises to Lessee. Effective as of the date the Second Floor Retained Premises
becomes a part of the Premises, the Base Rent shall be as specified in Exhibit
D.

         10. RELEASE OF LESSOR. Upon the taking of possession by Lessee of the
Retained Premises and thereafter, during the Term, Lessee shall use its
commercially reasonable efforts to obtain agreement from the Prime Lessor to
enter into a new lease between Lessee and Prime Lessor and to release Lessor
from all liability under the Prime Lease. Upon Lessor's written request, Lessee
shall deliver to Lessor all applications, requests, correspondence and other
documents delivered to Prime Lessor from time to time that evidence or confirm
Lessee's efforts to obtain Lessor's release of such liability and Lessee agrees
to provide to Lessor a report summarizing Lessee's efforts to obtain the
release. At such time as Lessee has entered into a lease with Prime Lessor for a
lease of the Premises and the Prime Lessor has released Lessor from liability
under the Prime Lease, this Sublease shall terminate.

         11. POSSESSION.

         A. Lessor shall provide the Premises to Lessee and Lessee accepts the
Premises in their current "as is" condition, Lessee acknowledging that Lessor
makes no representations or warranties concerning the condition of the Premises
including, without limitation, those relating to the structure of the Premises,
systems and components thereof and/or the presence of patent or latent defects
and that Lessor has no obligation to construct, remodel, improve, repair,
decorate or paint the Premises or any improvement thereon or a part thereof.
Lessee represents and warrants to Lessor that it has inspected the Premises
prior to the execution of this Sublease, that it is relying on its own
inspections in executing this Sublease and not on any statement, representation
or warranty of Lessor, its agents or employees and as a material inducement to
Lessor executing this Sublease, subject to Section 339H, latent defects and
Section 27 below, Lessee hereby releases Lessor for, from and against any and
all claims, demands, losses, liabilities, costs and expenses (including
reasonable attorneys' fees) incurred or sustained by Lessee with respect to the
condition of the Premises.

         B. Lessor and Lessee acknowledge and agree that this Sublease relates
only to Lessee's use and occupancy of the Premises and does not extend to the
use of any furniture, fixtures, equipment, computer or telephone systems or
other personal property located within the Premises (the "Lessor's Other
Property"). Lessee's right to use Lessor's Other Property shall be set forth, if
at all, in a separate written agreement between Lessor and Lessee.

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         12. LESSEE'S USE. The Premises shall be used and occupied only for the
Lessee's Use set forth in Section 1(M). Lessee shall not use or occupy the
Premises nor permit anything to be done in or on the Premises which will
constitute a public or private nuisance and Lessee shall not use or occupy or
permit the Premises to be used or occupied in any manner which will violate any
laws or any of the terms, covenants and provisions of the Prime Lease, including
the rules and regulations attached to the Prime Lease, if any.

         13. RENT.

         A. Beginning on the Commencement Date, Lessee agrees to pay via wire
transfer the Base Rent set forth in Section 1(I) to the Prime Lessor specified
in Section 1(D), at the address specified in the Prime Lease, or to such other
payee or at such other address as may be designated by notice in writing from
Prime Lessor to Lessee and Lessor, without prior demand therefor and except as
expressly set forth in this Sublease, without any deduction, setoff or abatement
whatsoever. Base Rent shall be paid in equal monthly installments in advance on
the first day of each month of the Term, except that the first installment of
Base Rent shall be paid by Lessee to Prime Lessor upon execution of this
Sublease by Lessee. Lessee shall provide Lessor with written proof of the timely
payment of Rent under this Sublease within three (3) business days after the
payment of such sums are due and payable. Base Rent shall be pro-rated for
partial months at the beginning and end of the Tenn. All charges, costs and sums
required to be paid by Lessee under this Sublease in addition to Base Rent shall
be deemed "Additional Rent," and Base Rent and Additional Rent shall hereinafter
collectively be referred to as "Rent." Except as may be otherwise provided
herein, Lessee's covenant to pay Rent shall be independent of every other
covenant in this Sublease.

         B. If Rent is not paid when due, which failure is not cured within
three (3) days after written notice thereof by Lessor to Lessee, such delinquent
Rent shall thereafter bear interest at the rate of twelve percent (12%) per
annum. In addition. if any installment of Base Rent or Additional Rent is not
paid when due, which failure continues for ten (10) days, a late charge equal to
five percent (5%) of such overdue amount or Two Hundred Fifty and No/100 Dollars
($250.00), whichever is greater, shall be due and payable. Lessee acknowledges
that such late charge represents a fair and reasonable estimate of the
administrative costs Lessor will incur by reason of late payments by Lessee. The
provisions of this Section providing for the assessment of interest and/or a
late charge shall not be deemed to authorize or grant to Lessee an option for
the late payment of Base Rent or Additional Rent and shall not prevent Lessor
from exercising the rights and remedies available to Lessor in the event of
delinquent payments.

         C. In addition to the Base Rent and Additional Rent payable under this
Sublease, Lessee shall pay to Prime Lessor, upon receipt of invoices with
supporting documentation from Prime Lessor, together with its installments of
Base Rent and Additional Rent, as applicable, an amount equal to any
governmental sales, rental, occupancy, excise, use or transaction privilege
taxes assessed upon Lessor with respect to the amounts paid by Lessee to Prime
Lessor under this Sublease. Lessee shall indemnify, defend and hold Lessor
harmless for, from and against any and all claims, demands, losses, liabilities
and expenses (including reasonable attorneys' fees) arising from or relating to
a breach or default of Lessee's obligations hereunder.

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         D. Lessee agrees to pay Base Rent and any fixed, recurring amounts,
including impounds that may become payable during the Term, via an automatic
clearing house account established and maintained through Lessee's main
corporate bank account at Imperial Bank of Phoenix, Arizona. All automatic
clearing house payments shall be made without the requirement of any action on
Lessee's part on the first day of each month of the Term to an account with
Norwest Bank to be designated by Landlord.

         14. ADDITIONAL RENT. Lessor and Lessee acknowledge that Lessor is
obligated to pay additional rent under the Prime Lease for taxes, operating
expenses, insurance, common area maintenance charges and other expenses incurred
in connection with the Property (hereinafter "Additional Rent"). Lessor and
Lessee agree that Lessee shall pay all Additional Rent under the Prime Lease
subject to reimbursement by Lessor for its proportionate share of such
Additional Rent. To the extent any Additional Rent is or becomes payable to
Prime Lessor directly under the terms of the Prime Lease, Lessor and Lessee
agree to pay such amounts directly to Prime Lessor. In the event any such
Additional Rent shall remain payable directly by Lessor after the Commencement
Date, Lessor shall be entitled to reimbursement by Lessee for Lessee's
proportionate share of such sums. Lessor's proportionate share is calculated by
dividing the rentable area of the First Floor Retained Premises and Second Floor
Retained Premises (as applicable) by the rentable area of the premises leased by
Lessor pursuant to the Prime Lease. In the event the rentable area of the First
Floor Retained Premises or Second Floor Retained Premises or the area of the
premises leased pursuant to the Prime Lease shall be changed during the Term,
then Lessee's proportionate share shall be recalculated. Lessee's proportionate
share is calculated by dividing the rentable area of the Premises and by the
rentable area of the premises leased by Lessor pursuant to the Prime Lease.

         15. LESSEE'S OBLIGATIONS. Lessee shall be responsible for, and shall
pay prior to delinquency the following:

         A. To the extent not provided by Prime Lessor and subject to
reimbursement by Lessor for its proportionate share of such costs, all utility
consumption costs, including without limitation, telephone, trash removal, cable
television and other charges incurred in connection with the Premises and
Retained Premises.

         B. All maintenance, repairs and replacements as to the Premises and
Lessee's fixtures and equipment therein, to the extent Lessor is obligated to
perform the same under the Prime Lease.

         16. QUIET ENJOYMENT. Lessor represents and warrants that it has full
power and authority to enter into this Sublease, subject to the consent of the
Prime Lessor as described in Section 2 above. So long as Lessee is not in
default in the performance of its covenants and agreements in this Sublease,
Lessee's quiet and peaceable enjoyment of the Premises shall not be disturbed or
interfered with by Lessor or by any person claiming by, through, or under
Lessor, subject, however, to the provisions of this Sublease. In addition,
Lessee acknowledges that Lessor is not obligated to furnish to Lessee any
services under this Sublease and that any services to be furnished to the
Premises, shall be furnished by the Prime Lessor subject to and in accordance
with the provisions of the Prime Lease. As such, Lessor shall have no liability
to Lessee and Lessee hereby releases Lessor for, from and against any claims,
demands, judgments,

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losses, liabilities, costs and expenses (including reasonable attorneys' fees)
incurred or sustained by Lessee as a result of the failure by the Prime Lessor
to furnish to the Premises the services described in the Prime Lease. In this
regard, Lessor hereby assigns to Lessee all of its rights against the prime
lessor under the prime lease with respect to the provision of services to the
Premises and agrees that, if such assignment is not effective, Lessor will, at
Lessee's sole cost and expense, use reasonable efforts to obtain from Prime
Lessor such services to the Premises.

         17. LESSEE'S INSURANCE. Lessee shall procure and maintain, at its own
cost and expense, such insurance as is required to be carried by Lessor under
the Prime Lease, naming Lessor, as well as Prime Lessor, as additional insureds.
If the Prime Lease requires Lessor to insure leasehold improvements or
alterations, then Lessee shall insure such leasehold improvements which are
located in the Premises, as well as alterations in the Premises, made by Lessee.
Lessee shall furnish to Lessor a certificate of Lessee's insurance required
hereunder not later than the Commencement Date. No such policy shall be
cancelable or subject to reduction of coverage or other modification without the
prior written consent of Lessor. Lessee shall within thirty (30) days of the
expiration of any such policies, furnish to Lessor renewals or "binders"
thereof. If Lessee shall fail to procure and maintain any insurance required to
be maintained by it pursuant to the terms of the Prime Lease, Lessor may, but
shall not be required to, procure the same at Lessee's expense.

         18. ASSIGNMENT OR SUBLETTING.

         A. Lessee shall not (i) assign, convey or mortgage this Sublease or any
interest under it; (ii) allow any transfer thereof or any lien upon Lessee's
interest by operation of law; (iii) further sublet the Premises or any part
thereof; or (iv) permit the occupancy of the Premises, or any part thereof by
anyone other than Lessee, without the prior written consent of Lessor and Prime
Lessor, which consent Lessor shall not unreasonably withhold, condition or
delay. Lessee shall be solely responsible for obtaining the consent of Prime
Lessor under the Prime Lease. Any cost of obtaining Prime Lessor's consent shall
be borne by Lessee.

         B. No permitted assignment shall be effective and no permitted sublease
shall commence unless and until any default by Lessee hereunder shall have been
cured. No permitted assignment or subletting shall relieve Lessee from Lessee's
obligations and agreements hereunder and Lessee shall continue to be liable as a
principal and not as a guarantor or surety to the same extent as though no
assignment or subletting had been made.

         C. If Lessee wishes at any time to assign this Sublease or further
sublet the Premises, it shall first notify Lessor of its wish to do so and shall
submit in writing to Lessor such financial and other information as Lessor may
reasonably request concerning the proposed sublessee or assignee. Lessee's
failure to comply with the provisions of this Section 18(C) shall entitle Lessor
to withhold its consent to the proposed assignment or subletting.

         D. If Lessor consents to an assignment, sublease or other transfer by
Lessee of all or any portion of Lessee's interests under this Sublease or the
Premises. Lessee shall execute and deliver to Lessor and cause the transferee to
execute and deliver to Lessor an instrument in a form and substance reasonably
acceptable to Lessor setting forth its written assumption of this

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Sublease (in the event of an assignment) or its acknowledgement that its
sublease is subject and subordinate to the terms of this Sublease and the Prime
Lease.

         E. If Lessor consents to an assignment, sublease or other transfer by
Lessee of this Sublease or the Premises, Lessee shall pay or cause to be paid to
Lessor an administrative fee of not less than Five Hundred and No/100 Dollars
($500.00) to reimburse Lessor for administrative, legal, accounting and other
expenses incurred by Lessor.

         19. RULES. Lessee agrees to comply with all rules and regulations that
Prime Lessor has made or may hereafter from time to time make for the Building.
Lessor shall not be liable in any way for damage caused by the non-observance by
any other sublessee of similar covenants or of such rules and regulations.

         20. REPAIRS AND COMPLIANCE.

         A. Lessee shall promptly pay for the repairs set forth in Section 15(B)
and Lessee shall, at Lessee's own expenses, comply with all laws and ordinances,
and all orders, rules and regulations of all governmental authorities and of all
insurance bodies and their fire prevention engineers at any time in force,
applicable to the Premises. Lessor and Lessee acknowledge and agree that Lessor
shall not be obligated to make any maintenance, repairs or replacements to the
Premises, and Lessee shall look solely to the Prime Lessor for the maintenance,
repair and replacements that may be necessary to the Premises. For this purpose,
Lessor hereby assigns to Lessee all of its rights against the Prime Lessor under
the Prime Lease with respect to maintenance, repair and replacement of the
Premises, and agrees that if such assignment is not effective, Lessor will, at
Lessee's sole cost and expense, use reasonable efforts to obtain from Prime
Lessor performance of such maintenance, repair and/or replacement obligations.

         21. FIRE OR CASUALTY OR EMINENT DOMAIN. In the event of a fire or other
casualty affecting the Building or the Premises, or of a taking of all or a part
of the Building or Premises, under the power of eminent domain, Lessor shall not
exercise any right which may have the effect of terminating the Prime Lease
without first obtaining the prior written consent of Lessee. In the event Lessor
is entitled, under the Prime Lease, to rent abatement as a result of a fire or
other casualty or as a result of a taking under the power of eminent domain,
then Lessee shall be similarly entitled to rent abatement. If the Prime Lease
imposes on Lessor the obligation to repair or restore leasehold improvements or
alterations, Lessee shall be responsible for repair or restoration of leasehold
improvements or alterations to the Premises and Lessee shall apply any insurance
proceeds resulting from the loss to repair and restore such leasehold
improvements and alterations. Lessor and Lessee acknowledge and agree that
Lessor shall not be obligated to perform any repair or restoration to the
Premises, following the occurrence of a casualty event or the exercise of the
power of eminent domain. For such matters, Lessee shall look solely to the Prime
Lessor and Lessor hereby assigns to Lessee all of its rights against the Prime
Lessor under the Prime Lease with respect to the repair or restoration of the
Premises, as a result of a casualty or the exercise of power of eminent domain,
and agrees that, if such assignment is not effective, Lessor, at Lessee's sole
cost and expense, will use reasonable efforts to cause Prime Lessor to repair or
restore the Premises.

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         22. ALTERATIONS. Lessee shall not make any alterations in or additions
to the Premises ("Alterations") without the prior written consent of Lessor and
Prime Lessor, which consent Lessor shall not unreasonably withhold, condition or
delay. Lessee shall be solely responsible for obtaining the consent of Prime
Lessor, if such consent is required under the Prime Lease. If Alterations by
Lessee are permitted or consented to as aforesaid, Lessee shall comply with all
of the covenants of Lessor contained in the Prime Lease pertaining to the
performance of such Alterations. In addition, Lessee shall indemnify, defend and
hold harmless Lessor for, from and against liability, loss, cost, damage, liens
and expense imposed on Lessor arising out of the performance of Alterations by
Lessee, except to the extent same is caused by the negligent acts or omissions
of Lessor.

         23. SURRENDER. Upon the expiration of this Sublease, or upon the
termination of the Sublease or of the Lessee's right to possession of the
Premises, Lessee will at once surrender and deliver up the Premises, together
with all improvements thereon, to Lessor in good condition and repair,
reasonable wear and tear and, subject to Section 21 of this Sublease, casualty
damage excepted; conditions existing because of Lessee's failure to perform
maintenance, repairs or replacements as required of Lessee under this Sublease
shall not be deemed "reasonable wear and tear." Said improvements shall include
all plumbing, lighting, electrical, heating, cooling and ventilating fixtures
and equipment and other articles of personal property used in the operation of
the Premises (as distinguished from operations incident to the business of
Lessee). Lessee shall surrender to Lessor all keys to the Premises, and make
known to Lessor the combination of all combination locks which Lessee is
permitted to leave on the Premises. All Alterations in or upon the Premises made
by Lessee shall become a part of and shall remain upon the Premises, upon such
termination without compensation, allowance or credit to Lessee; provided,
however, Lessee shall remove any Alterations made by Lessee, or portion thereof
to the extent Lessor may be required to do so by Prime Lessor. If Prime Lessor
requires removal of any Alteration made by Lessee, or a portion thereof, and
Lessee does not make such removal in accordance with this Section, Lessor may
remove the same (and repair any damage occasioned thereby), and dispose thereof,
or at its election, deliver the same to any other place of business of Lessee,
or warehouse the same. Lessee shall pay the reasonable costs of such removal,
repair, delivery and warehousing within ten (days) following receipt of Lessor's
documented invoice therefor.

         24. REMOVAL OF LESSEE'S PROPERTY. Upon the expiration of this Sublease,
Lessee shall remove Lessee's articles of personal property incident to Lessee's
business ("Trade Fixtures"); provided, however, to the extent Lessor is required
to do so under the Prime Lease, Lessee shall repair any injury or damage to the
Premises, which may result from such removal. If Lessee does not remove Lessee's
Trade Fixtures from the Premises, prior to the expiration or earlier termination
of the Term, Lessor may, at its option, remove the same (and repair any damage
occasioned thereby) and dispose thereof or deliver the same to any other place
of business of Lessee, or warehouse the same, and Lessee shall pay the
reasonable cost of such removal, repair, restoration, delivery or warehousing to
Lessor within ten (10) days following receipt of Lessor's documented invoice
therefor. Lessee shall pay, prior to delinquency, directly to the appropriate
taxing authorities, any personal property taxes levied or assessed against
Lessee's Trade Fixtures.

                                       9
<PAGE>   13
         25. HOLDING OVER. Lessee shall have no right to occupy the Premises, or
any Portion thereof after the expiration of this Sublease or after termination
of this Sublease or of Lessee's right to possession as a result of an Event of
Default hereunder. In the event Lessee or any party claiming by, through or
under Lessee holds over, Lessor may exercise any and all remedies available to
it at law or in equity to recover possession of the Premises, and to recover
damages. For each and every month or partial month that Lessee or any party
claiming by, through or under Lessee remains in occupancy of all or any portion
of the Premises, after the expiration of this Sublease or after termination of
this Sublease or Lessee's right to possession, Lessee shall pay, as minimum
damages and not as a penalty, an amount equal to the sum of monthly rental at a
rate equal to double the rate of Base Rent and Additional Rent, if any, payable
by Lessee hereunder immediately prior to the expiration or other termination of
this Sublease or of Lessee's right to possession. The acceptance by Lessor of
any lesser sum shall be construed as payment on account and not in satisfaction
of damages for such holding over.

         26. ENCUMBERING TITLE. Lessee shall not do any act which shall in any
way encumber the title of Prime Lessor in and to the Building or the Property,
nor shall the interest or estate of Prime Lessor or Lessor be in any way subject
to any claim by way of lien or encumbrance, whether by operation of law by
virtue of any express or implied contract by Lessee, or by reason of any other
act or omission of Lessee. Any claim to, or lien upon, the Premises, the
Building or the Property arising from any act or omission of Lessee shall accrue
only against the subleasehold estate of Lessee and shall be subject and
subordinate to the paramount title and rights of Prime Lessor in and to the
Building and the Property and the interest of Lessor in the premises leased
pursuant to the Prime Lease. Without limiting the generality of the foregoing,
Lessee shall not permit the Premises, the Building or the Property to become
subject to any mechanics', laborers' or materialmen's lien on account of labor
or material furnished to Lessee or claimed to have been furnished to Lessee in
connection with work of any character performed or claimed to have been
performed on the Premises by, or at the direction or sufferance of, Lessee,
provided, however, that if so permitted under the Prime Lease, Lessee shall have
the right to contest in good faith and with reasonable diligence, the validity
of any such lien or claimed lien if Lessee shall give to Prime Lessor and Lessor
such security as may be deemed satisfactory to them to assure payment thereof
and to prevent any sale, foreclosure, or forfeiture of the Premises, the
Building or the Property by reason of nonpayment thereof, provided further,
however, that on final determination of the lien or claim of lien, Lessee shall
immediately pay any judgment rendered, with all property costs and charges, and
shall have the lien released and any judgment satisfied.

         27. INDEMNITY.

         A. Indemnification. To the fullest extent permitted by law, each party
hereto ("Party") will, at said Party's sole cost and expense, indemnify the
other Party (a Party for all purposes of this Section 27 to be defined as set
forth in Section 27(c) below) against all Claims arising from (i) any Personal
Injury, Bodily Injury or Property Damage whatsoever occurring in or at the
Premises, the Retained Premises, the Building and/or the Property, except to the
extent caused by the negligence and/or a breach of this Sublease by the other
Party; (ii) any Bodily Injury to an employee of a Party arising out of and in
the course of employment of the employee and occurring anywhere in the Property,
except to the extent caused by the negligence and/or a breach of this Sublease
by the other Party; (iii) the use or occupancy, or manner of use or

                                       10
<PAGE>   14
occupancy, or conduct or management of the Premises, or any Retained Premises,
or of any business therein; (iv) subject to the waiver of subrogation provisions
of this Sublease, any act, error, omission or negligence of any of the Parties
in, on or about the Premises, the Retained Premises, the Building and/or the
Property, except to the extent caused by the negligence and/or a breach of this
Sublease by the other Party; (v) the conduct of a Party's business; (vi) any
alterations, activities, work or things done, omitted, permitted or allowed by
Parties in, at or about the Premises, the Retained Premises, the Building and
the Property, including the violation of or failure to comply with, or the
alleged violation of or alleged failure to comply with any applicable laws,
statutes, ordinances, standards, rules, regulations, orders, or judgments in
existence on the date of the Sublease or enacted, promulgated or issued after
the date of this Sublease including hazardous materials laws; (vii) any breach
or default by a Party in the full and prompt payment of any amount due under
this Sublease, any breach, violation or nonperformance of any term, condition,
covenant or other obligation of a Party under this Sublease, or any
misrepresentation made by a Party or any guarantor of a Party's obligations in
connection with this Sublease provided, however, that neither Party shall be
liable for special or consequential damages; (viii) all damages sustained by a
Party as a result of any holdover by the other Party in the Premises or any
Retained Premises provided, however, that neither Party shall be liable for
special or consequential damages; or (ix) any matter enumerated in Section 27(B)
below.

         B. Waivers. To the fullest extent permitted by law, each Party waives
all Claims against the other Party arising from the following: (i) any Personal
Injury, Bodily Injury, or Property Damage occurring in or at the Premises, the
Retained Premises, the Building and/or the Property; (ii) any loss of or damage
to property of a Party located in the Premises, the Retained Premises, the
Building and/or the Property by theft or otherwise; (iii) any Personal Injury,
Bodily Injury, or Property Damage to any Party caused by other lessees of the
Property, parties not occupying space in the Property, occupants of property
adjacent to the Property, or the public or by the construction of any private,
public, or quasi-public work occurring either in the Premises, the Retained
Premises, the Building and/or the Property; (iv) any interruption or stoppage of
any utility service or for any damage to persons or property resulting from such
stoppage; (v) business interruption or loss of use of the Premises, the Retained
Premises, the Building and/or the Property; (vi) any latent defect in
construction of the Premises; (vii) damages or injuries or interference with a
Party's business, loss of occupancy or quiet enjoyment and any other loss
resulting from the exercise by the other Party of any right or the performance
of any obligations under this Sublease, or (viii) any Bodily Injury to an
employee of a Party arising out of and in the course of employment of the
employee and occurring anywhere in the Premises, the Retained Premises, the
Building or the Property.

         C. Definitions. For purposes of this Section 27: (i) the term "Party"
or "Parties" means Lessor and/or Lessee, as applicable, and their respective
officers, members, sublessees, shareholders, partners, venturers, parent,
subsidiaries, trustees and ancillary trustees and the respective officers,
directors, shareholders, members, parents, subsidiaries of any affiliated
entities, personal representatives, executors, heirs, assigns, licensees,
invitees, beneficiaries, agents, servants, employees and independent contractors
of these persons or entities and all persons and entities claiming through any
of these persons or entities; (ii) the term "Indemnify" means indemnify, defend
(with counsel reasonably acceptable to the indemnified Party) and hold free and
harmless for, from and against; (iv) the term "Claims" means all liabilities,
claims,

                                       11
<PAGE>   15
damages (including consequential damages), losses, penalties, litigation,
demands, causes of action (whether in tort or contract, in law or at equity or
otherwise), suits, proceedings, judgments, disbursements, charges, assessments,
and expenses (including reasonable attorneys' and experts' fees and expenses
incurred in investigating, defending, or prosecuting any litigation, claim, or
proceeding); (v) the term "Waives" means that the Lessee Parties waive and
knowingly and voluntarily assume the risk of, and (vi) the terms "Bodily
Injury", "Personal Injury" and "Property Damage" will have the same meanings
as in the form of commercial general insurance policy issued by Insurance
Services Office, Inc. most recently prior to the date of the injury or loss
in question.

         D. Scope of Indemnities and Waivers. Except as provided in the
following sentence, the indemnities and waivers contained in Section 27 will
apply regardless of the active or passive negligence or sole, joint, concurrent,
or comparative negligence of any of the Parties, and regardless of whether
liability without fault or strict liability is imposed or sought to be imposed
on any of the Parties. The indemnities and waivers contained in Section 27 will
not apply to the extent of the percentage of liabilities that a final judgment
of a court of competent jurisdiction establishes under the comparative
negligence principles of the State of Arizona, that a Claim against a Party was
proximately caused by the willful misconduct or negligence of that Party,
provided, however, that in such event the indemnity or waiver will remain valid
for all other Parties.

         E. Obligations Independent of Insurance. The indemnification provided
in Section 27(A) may not be construed or interpreted as in any way restricting,
limiting or modifying Lessee's insurance or other obligations under this
Sublease, and the provisions of Section 27(A) are independent of Lessee's
insurance and other obligations. Lessee's compliance with the insurance
requirements and other obligations under this Sublease does not in any way
restrict, limit or modify Lessee's indemnification obligations under this
Sublease.

         F. Survival. The provisions of this Section 27 will survive the
expiration or earlier termination of this Sublease until all Claims against any
Parties involving any of the indemnified or waived matters are fully and finally
barred by the applicable statutes of limitations.

         G. Duty to Defend. A Party's duty to defend the other Party is separate
and independent of a Party's duty to Indemnify a Party. A Party's duty to defend
includes Claims for which the other Party may be liable without fault or may be
strictly liable. A Party's duty to defend applies regardless of whether issues
of negligence, liability, fault, or default have been determined. A Party's duty
to defend applies immediately, regardless of whether the Parties have paid any
sums or incurred any detriment arising out of or relating, directly or
indirectly, to any Claims. It is the express intention of Lessor and Lessee that
a Party will be entitled to obtain summary adjudication regarding the other
Party's duty to defend at any stage of any Claim within the scope of this
Section 27.

         H. Waiver of Subrogation. In addition to the waiver of subrogation
contained in Section 27(B), each Party hereby waives its rights and the
subrogation rights of its insurer against the other Party and any other lessees
of space in the Building or the Property, as well as their respective members,
officers, employees, agents, authorized representatives and invitees, with
respect to any claims including, but not limited to, claims for injury to any
persons, and/or

                                       12
<PAGE>   16
damage to the Premises, and/or any fixtures, equipment, personal property,
furniture, improvements and/or alterations in or to the Premises, which are
caused by or result from (a) risks or damages required to be insured against
under a policy of property insurance under this Sublease or under the Prime
Lease, or (b) risks and damages which are in fact insured against by one or more
property insurance policies maintained by either Party from time to time. It is
the intent of the Parties that with respect to any loss from a named peril
required to be covered under a policy of property insurance, each Party will
look solely to its insurance companies for recovery. Each Party shall obtain
from its insurers under each policy required by this Sublease or under the Prime
Lease a waiver of all rights of subrogation which such insurers of such Party
might otherwise have against the other Party.

         28. LESSOR'S RESERVED RIGHTS. Lessor reserves and shall at any and all
reasonable times with reasonable notice have the right to enter the Premises, to
inspect the same for the purposes of inspecting the performance by Lessee of the
terms and conditions of this Sublease. In addition, Lessor expressly reserves
for its benefit a reasonable right of access through, above and below the
Premises, to any portion of the Retained Premises by Lessor, including the right
to run cabling and wiring. Lessor reserves the right to enter the Premises, at
reasonable times to post notices of non-responsibility, to alter, improve or
repair the Premises, including making repairs or alterations to the Retained
Premises. In exercising the rights reserved by Lessor, Lessor shall use
commercially reasonable efforts to not unreasonably interfere with the conduct
by Lessee of its business in the Premises, and the exercise by Lessor of its
rights pursuant to this Section 28 shall not entitle Lessee to an abatement of
Rent unless such exercise materially prevents Lessee from conducting its
business operations in the Premises. Nothing in this Section 28 shall be
construed as obligating Lessor to perform any repairs, alterations or
maintenance to the Premises.

         29. DEFAULTS. Lessee further agrees that the occurrence of any one or
more of the following events shall be considered an Event of Default:

         A. Lessee shall be adjudged an involuntary bankrupt, or a decree or
order approving, as properly filed, a petition or answer filed against Lessee
asking reorganization of Lessee under the Federal bankruptcy laws as now or
hereafter amended, or under the laws of any State, shall be entered, and any
such decree of judgment or order shall not have been vacated or stayed or set
aside within sixty (60) days from the date of the entry or granting thereof; or

         B. Lessee shall file, or admit the jurisdiction of the court and the
material allegations contained in, any petition in bankruptcy, or any petition
pursuant or purporting to be pursuant to the Federal bankruptcy laws now or
hereafter amended, or Lessee shall institute any proceedings for relief of
Lessee under any bankruptcy or insolvency laws or any laws relating to the
relief of debtors, readjustment of indebtedness, reorganization, arrangements,
composition or extension; or

         C. Lessee shall make any assignment for the benefit of creditors or
shall apply for a consent to the appointment of a receiver for Lessee or any of
the property of Lessee; or

         D. Lessee shall admit in writing its inability to pay its debts as they
become due; or

                                       13
<PAGE>   17
         E. The Premises are levied on by any revenue officer or similar
officer; or

         F. A decree or order appointing a receiver of the property of Lessee
shall be made and such decree or order shall not have been vacated, stayed or
set aside within sixty (60) days from the date of entry or granting thereof, or

         G. Lessee shall abandon the Premises during the Term hereof, or

         H. Lessee shall default in any payment of Rent required to be made by
Lessee hereunder when due as herein provided and such default shall continue for
three (3) days after notice thereof in writing to Lessee; or

         I. Lessee shall default in securing insurance or in providing evidence
of insurance as set forth in Section 17 of this Sublease or shall default with
respect to lien claims as set forth in Section 26 of this Sublease and either
such default shall continue for five (5) days after notice thereof in writing to
Lessee; or

         J. Lessee shall, by its act or omission to act, cause a default under
the Prime Lease and such default shall not be cured within the time, if any
permitted for such cure under the Prime Lease; or

         K. Lessee shall default in any of the other covenants and agreements
herein contained to be kept, observed and performed by Lessee, and such default
shall continue for twenty (20) days after notice thereof in writing to Lessee,
provided that if the nature of Lessee's default is such that more than twenty
(20) days are reasonably required for its cure, then Lessee shall not be deemed
in default if Lessee commences such cure within said 20-day period and
thereafter diligently prosecutes such cure to completion.

         30. REMEDIES. Upon the occurrence of any one or more Events of Default,
Lessor may exercise the rights and remedies available to Lessor at law, in
equity, by statute or otherwise and Lessor may exercise any remedy against
Lessee which Prime Lessor may exercise for default by Lessor under the Prime
Lease. All of the remedies given to Lessor in this Sublease in the event Lessee
commits an Event of Default shall be construed and held to be cumulative and no
one of them shall be exclusive of the other.

         31. SECURITY DEPOSIT. Upon execution of this Sublease, Lessee shall
deposit with Lessor the Security Deposit as specified in Section 1(N) as
security for the prompt, full and faithful performance by Lessee of each and
every provision of this Sublease and of all obligations of Lessee hereunder.
Thereafter, throughout the Term of this Sublease, Tenant shall deposit with
Lessor such additional amounts as are necessary to increase the Security Deposit
to an amount equal to the monthly Base Rent being paid by Tenant pursuant to the
schedule of increases set forth in Exhibit D of this Sublease. If Lessee fails
to perform any of its obligations hereunder, Lessor may use, apply, retain or
hold any part of the Security Deposit for the payment of: (a) any Base Rent or
other sums of money which Lessee may not have paid when due, (b) any sum
expended by Lessor on Lessee's behalf in accordance with the provisions hereof,
(c) any sum which Lessor may expend or may be required to expend by reason of
Lessee's default hereunder. The use, application or retention of the Security
Deposit or any portion thereof, shall not prevent Lessor from exercising any
other right or remedy provided by this Sublease or

                                       14
<PAGE>   18
available to Lessor at law or in equity. If Lessee shall fully and faithfully
comply with all of the provisions of this Sublease, the Security Deposit, or any
balance thereof, shall be returned to Lessee without interest within thirty (30)
days of expiration of the Term.

         32. NOTICES AND CONSENTS. All notices, demands, request, consents or
approvals which may or are required to be given by either party to the other
shall be in writing and shall be deemed given when received or refused if
personally delivered, if sent by United States registered or certified mail,
postage prepaid, return receipt requested or if sent by overnight commercial
courier service (a) if to Lessee, addressed to Lessee at the address specified
in Section 1(B) or at such other place as Lessee may from time to time designate
by notice in writing to Lessor, or (b) if for Lessor, addressed to Lessor at the
address specified in Section 1(C) or at such other place as Lessor may from
time to time designate by notice in writing to Lessee. Each party agrees
promptly to deliver a copy of each notice, demand, request, consent or approval
from such party to Prime Lessor and promptly to deliver to the other party a
copy of any notice, demand, request, consent or approval received from Prime
Lessor. Such copies shall be delivered by overnight commercial courier. Notice
by a party may be given by legal counsel to such party.

         33. PROVISIONS REGARDING SUBLEASE. Except as specifically provided
herein, this Sublease and all the rights of parties hereunder are subject and
subordinate to the Prime Lease. Lessee and Lessor (provided Lessee is not then
in default under this Sublease) each agree that it will not, by its act or
omission to act, cause a default under the Prime Lease. Subject to the terms and
conditions of this Sublease and Lessee's prior access pursuant to Section 5
above, Lessor shall be responsible for all Claims under the Prime Lease prior to
the Commencement Date and thereafter for all Claims relating to those portions
of the Retained Premises of which it is actually in possession. Lessee shall be
responsible for all Claims arising from or relating to the Premises following
the Commencement Date. In furtherance of the foregoing, the parties hereby
confirm, each to the other, that it is not practical in this Sublease to
enumerate all of the rights and obligations of the various parties under the
Prime Lease and specifically to allocate those rights and obligations in this
Sublease. Accordingly, in order to afford to Lessee the benefits of this
Sublease and of those provisions of the Prime Lease which by their nature are
intended to benefit the party in possession of the Premises, and in order to
protect Lessor against a default by Lessee which might cause a default or event
of default by Lessor under the Prime Lease:

         A. Lessee and Lessor shall pay, when and as due, all base rent,
additional rent and other charges payable under the Prime Lease as otherwise set
forth herein;

         B. Except as otherwise expressly provided herein, Lessee shall perform
all affirmative covenants and shall refrain from performing any act which is
prohibited by the negative covenants of the Prime Lease, where the obligation to
perform or refrain from performing is by its nature imposed upon the party in
possession of the Premises. If practicable, Lessee shall perform affirmative
covenants which are also covenants of Lessor under the Prime Lease at least five
(5) days prior to the date when Lessor's performance is required under the Prime
Lease. Lessor shall have the right to enter the Premises to cure any default by
Lessee under this Sublease provided that Lessee is first given written notice
and opportunity to cure in accordance with the provisions of this Sublease.

                                       15
<PAGE>   19
         C. Lessor shall not agree to an amendment to the Prime Lease which
might have an adverse effect on Lessee's occupancy of the Premises, or its use
of the Premises, for their intended purpose, unless Lessor shall first obtain
Lessee's prior written approval thereof which approval may be withheld in
Lessee's reasonable discretion; Lessor expressly reserves, however, the right to
enter into partial terminations of the Prime Lease with respect to the Retained
Premises provided that any portion of the Retained Premises subject to partial
termination shall have first been offered to and rejected by Lessee in writing.

         D. Lessor hereby grants to Lessee the right to receive all of the
services and benefits with respect to the Premises, which are to be provided by
Prime Lessor under the Prime Lease. Lessor shall have no duty to perform any
obligations of the Prime Lessor which are, by their nature, the obligation of an
owner or manager of real property. For example, Lessor shall not be required to
provide the services or repairs which the Prime Lessor is required to provide
under the Prime Lease. Lessor shall have no responsibility for or be liable to
Lessee for any default, failure or delay on the part of Prime Lessor in the
performance or observance by Prime Lessor of any of its obligations under the
Prime Lease, nor shall such default by Prime Lessor affect this Sublease or
waive or defer the performance of any of Lessee's obligations hereunder except
to the extent that such default by Prime Lessor excuses performance by Lessor
under the Prime Lease. Notwithstanding the foregoing, the parties contemplate
that Prime Lessor shall, in fact, perform its obligations under the Prime Lease
and in the event of any default or failure of such performance by Prime Lessor,
Lessor agrees that it will, upon notice from Lessee, make demand upon Prime
Lessor to perform its obligations under the Prime Lease and, provided that
Lessee specifically agrees to pay all reasonable costs and expenses of Lessor
and provides Lessor with security reasonably satisfactory to Lessor to pay such
costs and expenses, Lessor will take appropriate legal action to enforce the
Prime Lease.

         34. ADDITIONAL SERVICES. Lessor shall cooperate with Lessee to cause
Prime Lessor to provide services required by Lessee in addition to those
otherwise required to be provided by Prime Lessor under the Prime Lease. Lessee
shall pay Prime Lessor's charge for such services promptly after having been
billed therefor by Prime Lessor or by Lessor. If at any time a charge for such
additional services is attributable to the use of such services both by Lessor
and by Lessee, the cost thereof shall be equitably divided by Lessor between
Lessor and Lessee.

         35. BROKERAGE. Each party warrants to the other that it has had no
dealing with any broker or agent in connection with this Sublease and covenants
to pay, hold harmless and indemnify the other party for, from and against any
and all costs (including reasonable attorneys' fees), expense or liability for
any compensation, commissions and charges claimed by any broker or agent with
respect to this Sublease or the negotiation thereof on behalf of such party.

         36. FORCE MAJEURE. With the exception of monetary defaults, neither
Party shall be deemed in default with respect to any of the terms, covenants and
conditions of this Sublease to be performed, if the failure to timely perform
same is due in whole or in part to any strike, lockout, labor trouble (whether
legal or illegal), civil disorder, failure of power, restrictive governmental
laws and regulations, riots, insurrections, war, shortages, accidents,
causalities, acts of God, acts caused directly by the other Party's agents,
employees and invitees or any other cause beyond the reasonable control of the
Party whose performance has been delayed.

                                       16
<PAGE>   20
         37. SIGNAGE. Lessor and Lessee acknowledge and agree that in accordance
with the provisions of the Prime Lease, Lessor currently maintains a sign
located on the Building above Lessor's leased premises. Lessor grants Lessee the
right to install its sign on the exterior of the Building in place of Lessor's
sign subject to the Prime Lease, approval of Prime Lessor and Lessee's
compliance with all applicable code requirements. To the extent the consent of
Prime Lessor under the Prime Lease is necessary for Lessee to install its
signage, Lessor grants to Lessee the right to seek such approval.

         38. PARKING. Lessor and Lessee acknowledge and agree that under the
Prime Lease Lessor is entitled to the use of two hundred seventy-five (275)
vehicle parking spaces on the Property. Parking spaces shall be allocated as
follows: Lessor shall be entitled to the use of ninety-nine (99) of the parking
spaces, Lessee shall be entitled to the use of one hundred forty-three (143) of
the parking spaces, and thirty-three of the parking spaces shall be reserved for
Building visitors, all as depicted on Site Plan attached to this Sublease as
Exhibit C. Should Lessor surrender the First Floor Retained Premises or Lessee
exercise its First Floor Retained Premises Expansion Right, Lessee shall be
entitled to an additional sixty-three (63) parking spaces contiguous to Lessee's
existing parking spaces. Should Lessor surrender the Second Floor Retained
Premises or Lessee exercise its Second Floor Retained Premises Expansion Right,
Lessee shall be entitled to an additional thirty-six (36) parking spaces
contiguous to Lessee's existing parking spaces.

         39. MISCELLANEOUS.

         A. Entire Agreement, Amendments. This Sublease and any Exhibits and
Riders attached hereto and forming a part hereof, set forth all of the
covenants, promises, agreements, conditions and understandings between Lessor
and Lessee concerning the Premises, and there are no covenants, promises,
agreements, representations, warranties, conditions or understandings either
oral or written between them other than as contained in this Sublease. Except as
otherwise provided in this Sublease, no subsequent alteration, amendment, change
or addition to this Sublease shall be binding unless it is in writing and signed
by both Lessor and Lessee.

         B. Time is of the Essence. Time is of the essence of each and every
term, covenant and condition of this Sublease.

         C. Binding Effect. The covenants and conditions of this Sublease shall,
subject to the restrictions on assignment and subletting, apply to and bind the
heirs, executors, administrators, personal representatives, successors and
assigns of the parties hereto.

         D. Recordation. Neither this Sublease nor any memorandum hereof shall
be recorded by Lessee. At the sole option of Lessor, Lessee and Lessor shall
execute, and Lessor may record, a short form memorandum of this Sublease in form
and substance satisfactory to Lessor.

         E. Governing Law. This Sublease and all the terms and conditions
thereof shall be governed by and construed in accordance with the laws of the
State of Arizona.

                                       17
<PAGE>   21
         F. Defined Terms and Paragraph Headings. The words "Lessor" and
"Lessee" as used in this Sublease shall include the plural as well as the
singular. Words used in masculine gender include the feminine and neuter. If
there is more than one Lessee, the obligations in this Sublease imposed upon
Lessee shall be joint and several. The paragraph headings and titles to the
paragraphs of this Sublease are not a part of this Sublease and shall have no
effect upon the construction or interpretation of any part hereof.

         G. Representations and Warranties of Lessee. Lessee represents and
warrants to Lessor as follows:

                  1. Lessee has been duly organized, is validly existing, and is
in good standing under the laws of its state of incorporation and is qualified
to transact business in Arizona. All necessary action on the part of Lessee has
been taken to authorize the execution, delivery and performance of this Sublease
and of the other documents, instruments and agreements, if any, provided for
herein. The persons who have executed this Sublease on behalf of Lessee are duly
authorized to do so;

                  2. This Sublease constitutes the legal, valid and binding
obligation of Lessee, enforceable against Lessee in accordance with its terms,
subject, however, to bankruptcy, insolvency, reorganization, arrangement,
moratorium or other similar laws relating to or affecting the rights of
creditors generally, general principles of equity, whether enforceability is
considered in a proceeding in equity or at law, and to the qualification that
certain waivers, procedures, remedies and other provisions of this Sublease may
be unenforceable under or limited by applicable law, however, none of the
foregoing shall prevent the practical realization to Lessor of the benefits
intended by this Sublease;

                  3. To the its actual knowledge, there are no suits, actions,
proceedings or investigations pending, or to the best of its knowledge,
threatened against or involving Lessee before any court, arbitrator or
administrative or governmental body which might reasonably result in any
material adverse change in the contemplated business, condition or operations of
Lessee;

                  4. To its actual knowledge, Lessee is not, and the execution,
delivery and performance of this Sublease and the documents, instruments and
agreements, if any, provided for herein will not result in any breach of or
default under any other document, instrument or agreement to which Lessee is a
party or by which Lessee is subject or bound;

                  5. Lessee has or will obtain before or within ninety (90) days
following the Commencement Date all required licenses and permits, both
governmental and private, relating to the Premises.

         H. Representations and Warranties of Lessor. Lessor represents and
warrants to Lessor as follows:

                  1. Lessor has been duly organized, is validly existing, and is
in good standing under the laws of its state of incorporation and is qualified
to transact business in Arizona. All necessary action on the part of Lessor has
been taken to authorize the execution, delivery and performance of this Sublease
and of the other documents, instruments and agreements, if any,

                                       18
<PAGE>   22
provided for herein. The persons who have executed this Sublease on behalf of
Lessor are duly authorized to do so;

                  2. To Lessor's actual knowledge, there are no suits, actions,
proceedings or investigations pending, or to the best of its knowledge,
threatened against or involving Lessor before any court, arbitrator or
administrative or governmental body which might reasonably result in any
material adverse change in the contemplated business, condition or operations of
Lessor;

                  3. To Lessor's actual knowledge, and subject to Prime Lessor's
approval, the execution, delivery and performance of this Sublease and the
documents, instruments and agreements, if any, provided for herein, will not
result in any breach of or default under the Prime Lease, any other document,
instrument or agreement to which Lessor is a party or by which Lessor is subject
or bound;

                  4. To its actual knowledge, neither Lessor, its contractors,
licensees, invitees, employees or agents have disposed or released any hazardous
materials on or under the Premises, Retained Premises, Building or Property,
except in compliance with the terms and conditions of the Prime Lease and
applicable environmental laws.

         I. No Waiver. The failure of either party to insist in any one or more
instances upon the strict performance of any one or more of the obligations of
this Sublease, or to exercise any election herein contained, shall not be
construed as a waiver or relinquishment for the future of the performance of
such one or more obligations of this Sublease or the right to exercise such
election, but the same shall continue and remain in full force and effect with
respect to any subsequent breach, act or omission.

         J. Severability. If any clause or provision of this Sublease is or
becomes illegal or unenforceable because of any present or future law or
regulation of any governmental body or entity effective during the Sublease
Term, the intention of the parties is that the remaining provisions of this
Sublease shall not be affected thereby.

         K. Exhibits. If any provision contained in an Exhibit, Rider or Addenda
to this Sublease is inconsistent with any other provision of this Sublease, the
provision contained in this Sublease shall supersede the provisions contained in
such Exhibit, Rider or Addenda, unless otherwise provided.

         L. Fair Meaning. The language of this Sublease shall be construed to
its normal and usual meaning and not strictly for or against either Lessor or
Lessee. Lessor and Lessee acknowledge and agree that each party has reviewed and
revised this Sublease and that any rule of construction to the effect that
ambiguities are to be resolved against the drafting party shall not apply to the
interpretation of this Sublease, or any Exhibits, Riders or amendments hereto.

         M. No Merger. The voluntary or other surrender of this Sublease by
Lessee or a mutual cancellation of this Sublease shall not work as a merger and
shall, at Lessor's option, either terminate any or all existing subleases or
subtenancies, or operate as an assignment to Lessor of any or all of such
subleases or subtenancies.

                                       19
<PAGE>   23
         40. HAZARDOUS MATERIALS. Neither Lessor nor Lessee shall introduce,
release, deposit or store within the Premises any hazardous substances or toxic
materials. The provisions of this Section 40 shall not, however, extend to
reasonable quantities of hazardous or toxic materials typically and customarily
used in connection with first-class office operations, provided that such
materials are used and stored in accordance with the codes and ordinances of
governmental authorities having jurisdiction and in accordance with any storage
requirements set forth on the containers for such materials or substances.

         41. ESTOPPEL CERTIFICATE. Each of Lessee and Lessor shall, whenever
requested by the other, without charge and within twenty (20) days after written
request, execute, acknowledge and deliver to the other a statement in writing to
such Party's actual knowledge and based upon the then current facts as known to
such Party, certifying that this Sublease is unmodified and in full force and
effect (or if modified, stating the nature of such modification and certifying
that this Sublease, as so modified, is in full force and effect); (b) the dates
to which Base Rent and Additional Rent and other charges are paid, (c) that
there are not to such parties knowledge, any uncured defaults on the part of the
other under this Sublease or specifying such defaults if any are claims, and (d)
such other information as may be reasonably requested and as may be factually
accurate.

         42. ATTORNEYS' FEES. In the event that it becomes necessary for either
Lessor or Lessee to employ an attorney to enforce any of the terms or provisions
of this Sublease, the prevailing party shall be entitled to all of its
reasonable attorneys' fees and court costs (if any) in connection therewith, the
amount to be fixed by the court without a jury.

                           (Signatures on next page.)

                                       20
<PAGE>   24
     IN WITNESS WHEREOF, the parties have executed this Sublease the day and
year first above written.

LESSOR:                                    LESSEE:

ACTION PERFORMANCE                         INTEGRATED INFORMATION
COMPANIES, INC., an                        SYSTEMS, INC., an Arizona corporation
Arizona corporation

By: /s/ David Husband                      By: /s/ Craig A. King
   ------------------------------------       ----------------------------------
Name: David Husband                        Name: Craig A. King
     ----------------------------------         --------------------------------
Its:  Chief Financial Officer              Its:  Vice President
    -----------------------------------        ---------------------------------

                                       21
<PAGE>   25
                                    Exhibit A

                             Floor Plan of Premises

                                      A-1
<PAGE>   26
                                   Exhibit A
                              Premises Floor Plan

                             [Layout of Floor Plan]

Southwest Partitions & Office Interiors
Drawing 3171
Drawn by: M.P.
August 9, 1999 - Revised August 13, 1999 - August 20, 1999

Approved by: _____________________________________________________________
<PAGE>   27
                                   Exhibit A
                              Premises Floor Plan
                             [Layout of Floor Plan]

Southwest Partitions & Office Interiors
Drawing 3172
Drawn by: M.P.
August 9, 1999 - Revised August 13, 1999 - August 20, 1999
August 25, 1999

Approved by: ______________________________
<PAGE>   28
                                    Exhibit B

                         Floor Plan of Retained Premises

                                      B-1
<PAGE>   29
                                   Exhibit B
                               Retained Premises

                             [Layout of Floor Plan]

Southwest Partitions & Office Interiors
Drawing 3171
Drawn by: M.P.
August 9, 1999 - Revised August 13, 1999 - August 20, 1999

Approved by: ___________________________________________
<PAGE>   30
                                    Exhibit C

                                    Site Plan

                                      C-1
<PAGE>   31
                                   Exhibit C
                           SITE PLAN FOR THE PREMISES

                            [Layout of Parking Lot]
<PAGE>   32
                                   Exhibit D

                                   Base Rent

1. Premises:

<TABLE>
<CAPTION>
   Period                                                                 Monthly Amount
   ------                                                                 --------------
<S>                                                                       <C>
   Commencement Date - October 31, 2004                                     $43,844.00
   November 1, 2004 - October 30, 2009                                      $52,914.00
</TABLE>

2. Premises and First Floor Retained Premises:

<TABLE>
<CAPTION>
   Period                                                                 Monthly Amount
   ------                                                                 --------------
<S>                                                                       <C>
   April 1, 2000 - October 31, 2004                                         $59,958.00
   November 1, 2004 - October 30, 2009                                      $72,361.00
</TABLE>

3. Premises and Second Floor Retained Premises:

<TABLE>
<CAPTION>
   Period                                                                 Monthly Amount
   ------                                                                 --------------
<S>                                                                       <C>
   April 1, 2000 - October 31, 2004                                         $62,450.00
   November 1, 2004 - October 30, 2009                                      $75,369.00
</TABLE>

4. Premises and First Floor and Second Floor Retained Premises:

<TABLE>
<CAPTION>
   Period                                                                 Monthly Amount
   ------                                                                 --------------
<S>                                                                       <C>
   April 1, 2000 - October 31, 2004                                         $78,563.00
   November 1, 2004 - October 30, 2009                                      $94,817.00
</TABLE>

                                      D-1
<PAGE>   33
                                    Exhibit E

                                   Prime Lease

                                      E-1
<PAGE>   34
                              CONSENT TO SUBLEASE

     H-B Tempe, L.L.C., an Arizona limited liability company ("Landlord"), as
Landlord under that certain Standard Form Industrial Lease (Single Tenant) (the
"Lease"), dated June 28, 1999, by and between Landlord and Action Performance
Companies, Inc., an Arizona corporation, ("Tenant"), as Tenant, a copy of which
is attached as Exhibit A and incorporated herein by reference, subject to and
specifically conditioned upon the following terms and conditions, hereby grants
its consent to a sublease transaction to be evidenced by that certain Sublease,
dated March ___, 2000, made by and between the Tenant, as Sublessor, and
Integrated Information Systems, Inc., a Delaware corporation ("Sublessee"), as
Sublessee, a copy of which is attached hereto as Exhibit B and incorporated
herein by reference (the "Sublease"), covering certain premises (the
"Premises"), as more particularly described in the Sublease, in the building
located at 1480 South Hohokam Drive, Tempe, Arizona 85281.

     The capitalized terms used herein and not otherwise defined shall have the
meanings ascribed thereto in the Lease. This Consent to Sublease and the
acknowledgment and acceptance of the conditions hereof may be executed in
counterparts, each of which shall be considered an original, but all of which
shall constitute one and the same document.

                                   AGREEMENT

     As conditions to the consent of Landlord to the Sublease, it is understood
and agreed as follows:

     1.   No Release.  This Consent to Sublease shall in no way release Tenant
or any person or entity claiming by, through or under Tenant, including
Sublessee, from any of its covenants, agreements, liabilities and duties under
the Lease (including without limitation all duties to cause and keep Landlord
and others named or referred to in the Lease fully insured and indemnified with
respect to any acts or omissions of Tenant or Sublessee or their respective
agents, employees or invitees or other matters arising by reason of the Lease,
the Sublease or Tenant's or Sublessee's use or occupancy of the Premises), as
the same may be amended from time to time, notwithstanding any provision to the
contrary in the Sublease.

     2.   Specific Provisions of Lease and Sublease.  This Consent to Sublease
does not constitute approval by Landlord of any of the specific provisions of
the specific Sublease document or agreement thereto or therewith and, except to
the extent provided in the last sentence of Section 15, shall not be construed
to amend the Lease in any respect. Except to the extent provided in Section 9
hereof upon election of Landlord to cause Sublessee to attorn to Landlord, no
provision of the Sublease shall be binding upon Landlord.

     3.   Amendment of Sublease; Third Party Beneficiary.  Tenant and Sublessee
shall not amend in any respect the Sublease without the prior written approval
of Landlord. In no event shall any such amendment affect or modify or be deemed
to affect or modify the Lease in any respect. Consent by Landlord to one such
amendment of the Sublease shall not be construed or implied to be a consent to
any prior or subsequent amendment. Landlord shall be deemed to be a third party
beneficiary of the provisions of the Sublease which require that payments of
amounts owing under the Sublease be made directly to Landlord, including but
not limited to Sections 1J,
<PAGE>   35
13A and 14 of the Sublease; provided, however, such provisions are solely to
facilitate the receipt by Landlord of payments under the Lease which are the
responsibility of Tenant and shall not be deemed in any way to cause Sublessee
to be deemed a direct lessee of Landlord or to create any obligations of
Landlord in favor of the Sublessee.

     4. Limited Consent. This Consent to Sublease does not and shall not be
construed or implied to be a consent to any other matter for which Landlord's
consent is required under the Lease, including without limitation any
alterations, improvements or modifications of the Premises.

     5. Tenant's Continuing Liability. Tenant shall be liable to Landlord for
any default under the Lease, whether such default is caused by Tenant or
Sublessee or anyone claiming by or through either Tenant or Sublessee, but the
foregoing shall not be deemed to restrict or diminish any right which Landlord
may have against Sublessee pursuant to the Lease, in law or in equity, for
violation of the Lease or otherwise, including without limitation the right to
recover possession of the Premises or to enjoin or otherwise restrain any
violation of the Lease by Sublessee.

     6. Acceptance by Tenant and Subtenant. Tenant and Sublessee understand and
acknowledge that Landlord has agreed to execute this Consent to Sublease based
upon Tenant's and Sublessee's acknowledgment and acceptance of the terms and
conditions hereof.

     7. Subordination. The Sublease is in all respects subject and subordinate
to the Lease, as the same may be amended from time to time, which amendment
shall not require notice to Sublessee or the consent or approval of Sublessee.
Furthermore, in the case of any conflict between the provisions of this Consent
to Sublease or the Lease and the provisions of the Sublease, the provisions of
this Consent to Sublease or the Lease, as the case may be, shall prevail
unaffected by the Sublease.

     8. Additional Rent. Notwithstanding anything to the contrary herein, Tenant
acknowledges and agrees that Tenant will promptly pay to Landlord throughout the
Term of the Lease all Fixed Rent, Additional Rent or other amounts owed to
Landlord as required under the Lease and Tenant shall otherwise comply with each
and every other provision of the Lease; provided, however, Tenant shall be
entitled to a credit against the amounts owing by Tenant for all sums which are
paid by the Sublessee to the Landlord pursuant to Sections 1J, 13A, 13D and 14
of the Sublease, but Landlord shall be entitled to determine the manner of
application of such payments to amounts due and owing under the Lease. Tenant
shall pay all of Landlord's costs, charges and expenses, including attorneys'
fees, incurred in connection with this Consent to Sublease upon execution
hereof, which amount is $3,900. Tenant and Sublessee, by execution of this
Consent, confirm to each other that they have agreed that Sublessee shall
reimburse Tenant for one-half of such amount.

     9. Termination of Lease. If at any time prior to the expiration of the term
of the Sublease the Lease shall terminate or be terminated for any reason, or
Tenant's right to possession shall terminate without termination of the Lease,
the Sublease shall simultaneously terminate. However, Sublessee agrees, at the
election and upon written demand of Landlord and not otherwise, to attorn to
Landlord for the remainder of the term of the Sublease, such

                                       2
<PAGE>   36
attornment to be upon all of the terms and conditions of the Lease, except that
the Base Rent set forth in the Sublease shall be substituted for the Fixed Rent
set forth in the Lease, the computation of Additional Rent as provided in the
Lease shall be modified as set forth in the Sublease and the Lease shall be
supplemented by provisions creating rights and obligations substantially similar
to those set forth in Sections 6, 7, 8, 9 and 38 of the Sublease. The foregoing
provisions of this paragraph shall apply notwithstanding that, as a matter of
law, the Sublease may otherwise terminate upon the termination of the Lease and
shall be self-operative upon such written demand of the Landlord and no further
instrument shall be required to give effect to said provisions. Upon the demand
of Landlord, however, Sublessee agrees to execute, from time to time, documents
in confirmation of the foregoing provisions of this paragraph satisfactory to
Landlord in which Sublessee shall acknowledge such attornment and shall set
forth the terms and conditions of its tenancy. Nothing contained in this
paragraph shall be construed to impair or modify any right otherwise exercisable
by the Landlord, whether under the Lease, any other agreement or in law or
equity.

     10. Services. Sublessee acknowledges that Landlord has no duty to furnish
to the Premises any services other than or in addition to those, if any, to be
provided to Tenant under the Lease and that Sublessee has no right to request
any such services from Landlord.

     11. No Waiver; No Privity. Nothing herein contained shall be deemed a
waiver of any of the Landlord's rights under the Lease. Except to the extent
provided in Section 9 hereof upon election of Landlord to cause Sublessee to
attorn to Landlord, in no event shall Landlord be deemed to be in privity of
contract with Sublessee or owe any obligation or duty to Sublessee under the
Lease, or otherwise, any duties of Landlord under the Lease being in favor of,
for the benefit of and enforceable solely by Tenant.

     12. Notices. Sublessee agrees to promptly deliver a copy to Landlord of all
notices of default and all other notices sent to Tenant under the Sublease, and
Tenant agrees to promptly deliver a copy to Landlord of all such notices sent to
Sublessee under the Sublease.

     All copies of any such notices shall be delivered personally or sent by
United States certified mail, postage paid, return receipt requested, to the
persons listed below, or to such other place or persons as Landlord or its agent
may designate from time to time.

     Landlord:

                               H-B Tempe, L.L.C.
                       c/o Hewson Development Corporation
                     4636 East University Drive, Suite 265
                             Phoenix, Arizona 85034
                         Attention: Mr. Alan Gillespie

     13. Reservation of Rights. This Consent to Sublease shall be deemed limited
solely to the transaction contemplated by the Sublease and Landlord reserves the
right to consent or to withhold consent and all other rights under the Lease
with respect to any other matters, including without limitation any proposed
alterations, improvements or modifications to the Premises and

                                       3

<PAGE>   37
with respect to any further or additional subleases, assignments or transfers
of the Lease or any interest therein, including without limitation a sublease
or any assignment of the Sublease.

     14. Acceptance of Cure. If there is a default under the Lease by the Tenant
and cure of such default is tendered by the Sublessee on behalf of the Tenant,
Landlord agrees to accept such cure on behalf of Tenant on the same terms and
conditions as Landlord would be obligated to accept such cure if tendered
directly by Tenant.

     15. Tenant and Subtenant Bound. By executing this Consent to Sublease,
Tenant and Sublessee acknowledge and agree to be bound by all of the terms and
conditions of Landlord's consent to the Sublease as set forth herein. Any
breach by Tenant of the provisions of this Consent to Sublease shall also be a
breach of and default by Tenant under the Lease.

     16. Attorney's Fees. In the event of any dispute regarding this Consent to
Sublease, the non-prevailing party or parties in any action pursued in courts
of competent jurisdiction shall pay to the prevailing party or parties all
reasonable costs, damages, and expenses, including attorneys' fees, expended or
incurred by the prevailing party.

     17. Governing Law. The terms and conditions hereof shall be governed by and
construed in accordance with the laws of the State of Arizona.

     18. Headings. The headings herein are for reference purposes only and
shall not affect the meaning or interpretation of the terms and conditions
hereof.

     19. Parties Bound. This Agreement shall be binding upon and inure to the
benefit of the parties to this Agreement and their respective heirs, executors,
administrators, legal representatives, successors and assigns.

     20. Signage. Subject to Landlord's rights to approve all signage as set
forth in the Lease, Landlord agrees that it will not object to a change in the
signage on the Building from one which identifies Tenant to one which
identifies Sublessee merely because of such change in identity.

     21. Rent Tax. Landlord and Tenant recognize that Landlord is liable to the
appropriate governmental authorities for rent tax under Paragraph 14(e) of the
Lease ("Rent Tax") applicable to the portion of Premises not subleased to
Sublessee and that Tenant is liable to the appropriate governmental authorities
for the Rent Tax on the portion of the Premises subleased by Sublessee.
Therefore, there is a reduction in the amount of the Rent Tax payable by Tenant
to Landlord during the term of the Sublease. In order to facilitate payment of
all such Rent Tax, Sublessee, in addition to the payments to be made directly by
Sublessee to Landlord under the Sublease for Tenant's account, will also pay to
Landlord an amount equal to the Rent Tax payments on the Sublease for forwarding
to the appropriate governmental authorities. However, (a) Tenant shall indemnify
and hold harmless Landlord from all liability and expenses incurred by Landlord,
including but not limited to reasonable attorneys fees, interest and penalties,
resulting from the failure of any applicable governmental authority to receive
rent tax or transaction privilege tax payments to the extent such deficiency is
attributable to amounts which are claimed to be owing by Landlord under the
Lease but which are not paid by Tenant to Landlord under the Lease; (b) Landlord
shall not have any duty to refund payments paid by

                                       4

<PAGE>   38
Tenant to Landlord for Rent Tax under Paragraph 14(e) of the Lease unless, until
and only to the extent that, Landlord has received a refund of such payments
from the applicable taxing authority; and (c) Landlord shall not be obligated
to apply for or seek any refunds of rent taxes or other transaction privilege
taxes paid in connection with the Lease but Landlord will, at the expense of
Tenant, cooperate with Tenant in seeking a refund of any taxes which Tenant in
good faith believes should be refunded.

     IN WITNESS WHEREOF, the parties hereto have executed the foregoing Consent
to Sublease on the date and year first written above.

                              LANDLORD:

                              H-B TEMPE, L.L.C., AN ARIZONA LIMITED LIABILITY
                              COMPANY, BY HEWSON DEVELOPMENT CORPORATION, AN
                              ARIZONA CORPORATION

                              By:  /s/ Jane A. Pederson
                                  __________________________________

                              Its  President
                                  __________________________________

                              TENANT:

                              ACTION PERFORMANCE COMPANIES, INC., AN ARIZONA
                              CORPORATION

                              By: __________________________________

                              Title: _______________________________

                              SUBLESSEE:

                              INTEGRATED INFORMATION SYSTEMS, INC., A DELAWARE
                              CORPORATION

                              By: __________________________________

                              Title: _______________________________

                                       5
<PAGE>   39
     IN WITNESS WHEREOF, the parties hereto have executed the foregoing Consent
to Sublease on the date and year first written above.

                              LANDLORD:

                              H-B TEMPE, L.L.C., AN ARIZONA LIMITED LIABILITY
                              COMPANY, BY HEWSON DEVELOPMENT CORPORATION, AN
                              ARIZONA CORPORATION

                              By: __________________________________

                              Its __________________________________

                              TENANT:

                              ACTION PERFORMANCE COMPANIES, INC., AN ARIZONA
                              CORPORATION

                              By: /s/ FRED W. WAGENHALS
                                  __________________________________

                              Title: C.E.O.
                                     _______________________________

                              SUBLESSEE:

                              INTEGRATED INFORMATION SYSTEMS, INC., AN ARIZONA
                              CORPORATION

                              By: /s/ CRAIG A. KING
                                  __________________________________

                              Title: Vice President
                                     _______________________________<PAGE>   1
                                                                    Exhibit 10.2

                               EQUIPMENT SUBLEASE

THIS EQUIPMENT SUBLEASE (this "Sublease") is made and entered into as of the 28
day of March, 2000, by and between INTEGRATED INFORMATION SYSTEMS, INC., a
Delaware corporation ("IIS"), and GORACING.COM, INC., a Delaware corporation,
("goracing").

                                    RECITALS

          A. Action Performance Companies, Inc., an Arizona corporation and sole
shareholder of goracing ("Action") and goracing (goracing and Action are
hereinafter collectively referred to as the "Retaining Parties") have entered
into certain equipment leases with General Electric Capital Corporation, a New
York Corporation ("GE Capital"), dated as of December 22, 1998, and August 9,
1999, respectively (the "Master Equipment Leases") whereby the Retaining Parties
lease certain equipment (the "GEAC Equipment") located at and used as part of
the occupancy of 1480 S. Hohokam Drive, Tempe, Arizona (the "Premises").

         B. Action has entered into a Lease Agreement with H-B TEMPE, L.L.C., an
Arizona limited liability company ("Tempe") dated June 28, 1999 for the Premises
(the "Hohokam Lease").

         C. As of the date hereof, Action intends to enter into a Sublease with
IIS (the "Hohokam Sublease") whereby IIS will assume certain of the rights and
obligations of Action under the Hohokam Lease.

         D. As of the date hereof, the Retaining Parties intend to enter into an
Equipment Sublease with IIS (the "Equipment Sublease") whereby IIS assumes all
of the rights and obligations of the Retaining Parties under the Master
Equipment Leases.

         E. As of the date hereof, goracing intends to enter into an Asset
Purchase Agreement with IIS (the "Asset Purchase Agreement") whereby IIS will
purchase certain assets from goracing that are currently located on and are
being used as part of the occupancy of the Premises (the "Purchased Equipment").
The Purchased Equipment is listed on Schedules A and B of the Asset Purchase
Agreement. (The GEAC Equipment and the Purchased Equipment is collectively
referred to hereinafter as the "Equipment").

         F. A portion of the Equipment is located in the portion of the Premises
that is currently not subject to the Hohokam Sublease (the "Retained Premises")
and/or is currently being used by goracing (the "goracing Equipment"). The
goracing Equipment includes, but is not limited to certain furniture, fixtures,
computers and network equipment.

         G. goracing desires to sublease from IIS and IIS desires for goracing
to sublease the goracing Equipment upon the terms and conditions contained
herein,

                                        1
<PAGE>   2
                                    AGREEMENT

NOW, THEREFORE, in consideration of the mutual covenants and agreements of the
parties and other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties hereby agree as follows:

         1. GRANT. IIS hereby subleases the goracing Equipment to goracing, and
goracing hereby subleases the goracing Equipment from IIS, on the terms and
conditions herein set forth.

         2. RENT.

                  (a) BASE RENT. In exchange for the leasehold interest of the
goracing Equipment, goracing shall pay IIS $8,000 per month (the "Base Rent"),
which shall be due and payable on the 1" day of each month beginning on April 1,
2000.

                  (b) ADJUSTMENTS TO BASE RENT.

                           (i) FIRST FLOOR RETAINED PREMISES EXPANSION RIGHT. In
the event that IIS exercises its First Floor Retained Expansion Right (as
defined in Section 5 of the Hohokam Sublease) the Base Rent shall be reduced by
$3,000 per month beginning on the date such exercise becomes effective.

                           (ii) SURRENDER OF FIRST FLOOR RETAINED PREMISES. In
the event that Action surrenders its right to the First Floor Retained Premises
(as defined in Section 3(C) of the Hohokam Sublease) the Base Rent shall be
reduced by $3,000 per month beginning on the date such surrender becomes
effective.

                           (iii) SECOND FLOOR RETAINED PREMISES EXPANSION RIGHT.
In the event that IIS exercises its Second Floor Retained Expansion Right (as
defined in Section 8 of the Hohokam Sublease) the Base Rent shall be reduced by
$5,000 per month beginning on the date such exercise becomes effective.

                           (iv) SURRENDER OF SECOND FLOOR RETAINED PREMISES. In
the event that Action surrenders its right to the Second Floor Retained Premises
(as defined in Section 3(C) of the Hohokam Sublease the Base Rent shall be
reduced by $5,000 per month beginning on the date such surrender becomes
effective.

         3. Term.

                  (a) BASE TERM. goracing's rights and obligations under this
Sublease shall commence as of the date set forth above and shall expire upon the
Expiration Date of the Hohokam Sublease (as defined in Section 1(H) of the
Hohokam Sublease).

                  (b) ADJUSTMENTS TO THE TERM. In the event that IIS exercises
its First Floor Retained Premises Expansion Right or its Second Floor Retained
Premises Expansion Right, or in the event that Action surrenders its rights to
the First Floor Retained Premises or the Second

                                        2
<PAGE>   3
Floor Retained Premises, the term of this Sublease, with respect to the portion
of the Equipment located in or associated with the respective retained or
surrendered area, shall be reduced to the effective date of such exercise or
surrender.

                  (c) AUTOMATIC TERMINATION. In the event that Action's
occupancy of the Premises is completely terminated in accordance with the terms
and conditions of the Hohokam Sublease, this Sublease shall simultaneously, and
automatically terminate (without being deemed, however, to be a waiver by
goracing of any other rights or remedies it may have under this Sublease).

         4. NETWORKING EQUIPMENT. The parties agree that the Equipment includes
approximately $170,000 of networking equipment more fully described on Exhibit A
hereto (the "Networking Equipment"). The parties further agree that in exchange
for a monthly payment of $5,000, goracing shall have exclusive use of the
Networking Equipment until such Networking Equipment is no longer needed by
goracing, but in no event shall such period of use extend beyond May 30, 2000.

         5. LATE PAYMENT CHARGE. If any amount due to IIS, is not received in
full by IIS on or before five (5) days after the date any such payment is due,
then goracing shall pay to IIS a late payment charge in the amount of ten
percent (10%) of the amount then due. This provision shall not be construed to
allow or permit goracing to make payments after the due date, or to waive any of
IIS's rights in connection with late payments made by goracing.

         6. NOTICES. All notices of communication required or permitted
hereunder or with regard to the Base Equipment Leases shall be in writing and
may be given by depositing the same in the United States mail, addressed to the
party to be notified, postage prepaid and registered or certified with return
receipt requested, or by delivering the same in person to an officer or agent of
such party.

(i)      If to goracing, addressed to it at:

         goracing.com, inc.
         4707 East Baseline Road
         Tempe, Arizona 85040
         Attn: Chief Financial Officer
         Fax: (602) 337-3780

         With a copy to:
         Greenberg Traurig, LLP
         I E. Camelback Road, Suite 1100
         Phoenix, Arizona 85012
         Attn: Robert S. Kant, Esq.
         Fax: (602) 263-2350

                                        3
<PAGE>   4
(ii)     If to IIS, addressed to it at:

         Integrated Information Systems, Inc.
         1480 S. Hohokam Drive
         Tempe, Arizona 85281
         Attn: Jeffrey Frankel
         Fax: (480) 317-8010

         With a copy to:
         Snell & Wilmer, LLP
         One Arizona Center
         400 East Van Buren
         Phoenix, Arizona 85004-2202
         Attn: Michael Christopher, Esq.
         Fax: (602) 382-6070

         7. GENERAL PROVISIONS.

                  (a) ENTIRE AGREEMENT. This Agreement contains the entire
agreement and understanding among the parties hereto with respect to the subject
matter hereof, and supersedes all prior and contemporaneous agreements,
understandings, inducements and conditions, express or implied, oral or written,
of any nature whatsoever with respect to the subject matter hereof.

                  (b) CONTROLLING LAW. This Agreement and all questions relating
to its validity, interpretation, performance and enforcement, shall be governed
by and construed, interpreted and enforced in accordance with the laws of the
State of Arizona, notwithstanding any Arizona or other conflict-of-law provision
to the contrary.

                  (c) COSTS AND FEES. goracing agrees to reimburse IIS and IIS
agrees to reimburse goracing for any reasonable costs and expenses, including
attorney's fees, incurred by such party in connection with the enforcement or
preservation of any right or remedy of the other party under this Agreement.

                                        4
<PAGE>   5
IN WITNESS WHEREOF, THE PARTIES HAVE EXECUTED THIS SUBLEASE AS OF THE DATE FIRST
ABOVE WRITTEN.

                                                 IIS:

                                                 INTEGRATED INFORMATION SYSTEMS,
                                                 INC., a Delaware corporation

                                                 By: /s/ Craig A. King
                                                    ----------------------------
                                                 Name:   Craig A. King
                                                      --------------------------
                                                 Its: Vice President
                                                     ---------------------------

                                                 GORACING:

                                                 goracing.com, Inc., a
                                                 Delaware corporation

                                                 By:   David Husband
                                                      --------------------------
                                                 Name: David Husband
                                                      --------------------------
                                                 Its:  Chief Financial Officer
                                                      --------------------------

                                        5
<PAGE>   6
                                   EXHIBIT A

                                        6
<PAGE>   7
EXHIBIT A TO EQUIPMENT SUBLEASE (IIS TO GORACING)

<TABLE>
<CAPTION>
BRAND       MODEL                    DESCRIPTION                           Quantity        Price ea.        Total
-----       -----                    -----------                           --------        ---------        -----
<S>         <C>                   <C>                                      <C>             <C>             <C>
Compaq      1850R                 High density Proliant server                 3             $3,260        $9,780
Compaq      1600R                 Proliant server                              1              3,095         3,095
Compaq      40OP11                Processor for server                         4              1,560         6,240
Compaq      256MB                 Memory kit for server                        4              1,670         6,680
Compaq      128MB                 Memory kit for server                        4                826         3,304
Compaq      Smart-2DH             SCSI array controller                        4              1,645         6,580
Compaq      4.3GIG                Internal hard drive                          8                503         4,024
Compaq      9.1GIG                External hot-pluggable drive                14              1,080        15,120
Compaq      DLT ArrayII           DLT Drive system                             1             26,685        26,685
Compaq      StorEdge Ul           array storage system                         1              1,457         1,457
Compaq      Rack&access           Rack & keyboard, etc.                        1              3,305         3,305
Compaq      UPS 30DO              Rack mountable UPS system                    1              1,853         1,853
Compaq      FILMon                Flat monitor for servers                     1              1,295         1,295
Cisco       Catalyst 6509         Switch for connectivity                      1              7,196         7,196
Cisco       PWR supply            2nd Power supply for Catalyst                1              2,876         2,876
Cisco       SupE1                 SUP Engine for Catalyst                      1              7,196         7,196
Cisco       MSM mod               MSM Module for Catalyst                      1             14,396        14,396
Cisco       CAT6000 48prt         48 Port Switch module for Catalyst           4              9,356        37,424
Cisco       3640 Router           Router for connectivity                      1              4,745         4,745
Cisco       CAT6000 gig           Gigabit module for Catalyst                  1              7,196         7,196
                                                                                                         --------
                                                                                              Total      $170,447
</TABLE>

Fixed Asset Schedules         Page 1 of 1        Assets Retained by goracing.com
<PAGE>   8
CS(R062599)

                         COMPUTER EQUIPMENT SCHEDULE
                              SCHEDULE NO. 01
                          DATED THIS   10/1/99
                                    --------------
                          TO MASTER LEASE AGREEMENT
                          DATED AS OF August 9, 1999
<TABLE>
<CAPTION>

Lessor & Mailing Address:                                        Lessee & Mailing Address:
-------------------------                                        -------------------------
<S>                                                              <C>
General Electric Capital Corporation                             goracing.com,inc.
One Lincoln Centre, 5400 LBJ Freeway Suite 1280, L.B.3           4707 E. Baseline Road
Dallas, TX 75240                                                 Phoenix, AZ 85040

</TABLE>

This Schedule is executed pursuant to, and incorporates by reference the terms
and conditions of, and capitalized terms not defined herein shall have the
meanings assigned to them in, the Master Lease Agreement identified above
("AGREEMENT" said Agreement and this Schedule being collectively referred to as
"LEASE"). This Schedule, incorporating by reference the Agreement, constitutes
a separate instrument of lease.

A.   EQUIPMENT: Subject to the terms and conditions of the Lease, Lessor agrees
     to Lease to Lessee the Equipment described below (the "EQUIPMENT").

<TABLE>
<CAPTION>

     NUMBER          CAPITALIZED
     OF UNITS       LESSOR'S COST       MANUFACTURER        SERIAL NUMBER            MODEL AND TYPE OF EQUIPMENT
     --------       -------------       ------------        -------------            ---------------------------
     <S>            <C>                 <C>                 <C>                      <C>

                    $3,250,730.07       Numerous                                     Personal Computers, monitors, printers,
                                                                                     software and the various equipment
                                                                                     needed for installation and running of the
                                                                                     systems.
</TABLE>

            SEE COLLATERAL SCHEDULE A ATTACHED HERETO FOR THE VARIOUS
                     EQUIPMENT, SERIAL NUMBERS AND COSTS.

     Equipment immediately listed above is located at: 4707 E. Baseline Road,
     Phoenix, Maricopa County, AZ 85040

B.   FINANCIAL TERMS

<TABLE>
<CAPTION>

<S>  <C>                                               <C>  <C>
-----------------------------------------------------------------------------------------------------------------------------------
 1.  Advance Rent (if any): NOT APPLICABLE             5.   Basic Term Commencement Date:
 2.  Capitalized Lessor's Cost: $3,250,730.07          6.   Lessee Federal Tax ID No.: 860956244
 3.  Basic Term (No. of Months): 36 MONTHS.            7.   Last Delivery Date: OCTOBER 1, 1999
 4.  Basic Term Lease Rate Factor: 2.843469%           8.   Daily Lease Rate Factor: N/A
-----------------------------------------------------------------------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>
<S>  <C>
 9.  First Termination Date: THIRTY-SIX (36) MONTHS AFTER THE BASIC TERM COMMENCEMENT DATE.

 10. Interim Rent: For the period from and including the Lease Commencement Date to but not including the Basic Term Commencement
     Date ("Interim Period"), Lessee shall pay as rent ("Interim Rent") for each unit of Equipment, the product of the Daily Lease
     Rate Factor times the Capitalized Lessor's Cost of such unit times the number of days in the Interim Period. Interim Rent
     shall be due on NOT APPLICABLE.

 11. Basic Term Rent. Commencing on OCTOBER 1, 1999 and on the same day of each month thereafter (each, a "Rent Payment Date")
     during the Basic Term, Lessee shall pay as rent ("Basic Term Rent") the product of the Basic Term Lease Rate Factor times the
     Capitalized Lessor's Cost of all Equipment on this Schedule.
</TABLE>

C.   TAX BENEFITS        Depreciation Deductions:

     1.   Depreciation method is the 200% declining balance method, switching
          to straight line method for the 1st taxable year for which using the
          straight line method with respect to the adjusted basis as of the
          beginning of such year will yield a larger allowance.

     2.   Recovery Period: FIVE (5) YEARS.

     3.   Basis: 100% of the Capitalized Lessor's Cost.

D.   PROPERTY TAX

     APPLICABLE TO EQUIPMENT LOCATED IN 4707 E. BASELINE ROAD, PHOENIX, MARICOPA
     COUNTY, AZ: Lessee agrees that it will not list any of such Equipment for
     property tax purposes or report any property tax assessed against such
     Equipment until otherwise directed in writing by Lessor. Upon receipt of
     any property tax bill pertaining to such Equipment from the appropriate
     taxing authority, Lessor will pay such tax and will invoice Lessee for the
     expense. Upon receipt of such invoice, Lessee will promptly reimburse
     Lessor for such expense.

     Lessor may notify Lessee (and Lessee agrees to follow such notification)
     regarding any changes in property tax reporting and payment
     responsibilities.

                                       1

<PAGE>   9
E.   ARTICLE 2A NOTICE

IN ACCORDANCE WITH THE REQUIREMENTS OF ARTICLE 2A OF THE UNIFORM COMMERCIAL CODE
AS ADOPTED IN THE APPLICABLE STATE, LESSOR HEREBY MAKES THE FOLLOWING
DISCLOSURES TO LESSEE PRIOR TO EXECUTION OF THE LEASE, (A) THE PERSON(S)
SUPPLYING THE EQUIPMENT IS ADVANCED SYSTEMS GROUP, KENT DATA COMM, ORACLE,
ACCRUE SOFTWARE, INC. (THE "SUPPLIER(S)"), (B) LESSEE IS ENTITLED TO THE
PROMISES AND WARRANTIES, INCLUDING THOSE OF ANY THIRD PARTY, PROVIDED TO THE
LESSOR BY SUPPLIER(S), WHICH IS SUPPLYING THE EQUIPMENT IN CONNECTION WITH OR AS
PART OF THE CONTRACT BY WHICH LESSOR ACQUIRED THE EQUIPMENT AND (C) WITH RESPECT
TO SUCH EQUIPMENT, LESSEE MAY COMMUNICATE WITH SUPPLIER(S) AND RECEIVE AN
ACCURATE AND COMPLETE STATEMENT OF SUCH PROMISES AND WARRANTIES, INCLUDING ANY
DISCLAIMERS AND LIMITATIONS OF THEM OR OF REMEDIES. TO THE EXTENT PERMITTED BY
APPLICABLE LAW, LESSEE HEREBY WAIVES ANY AND ALL RIGHTS AND REMEDIES CONFERRED
UPON A LESSEE IN ARTICLE 2A AND ANY RIGHTS NOW OR HEREAFTER CONFERRED BY STATUTE
OR OTHERWISE WHICH MAY LIMIT OR MODIFY ANY OF LESSOR'S RIGHTS OR REMEDIES UNDER
THE DEFAULT AND REMEDIES SECTION OF THE AGREEMENT.

F.   STIPULATED LOSS AND TERMINATION VALUE TABLE*

<TABLE>
<CAPTION>
          Termination    Stipulated                Termination     Stipulated
            Value        Loss Value                  Value         Loss Value
Rental    Percentage     Percentage     Rental     Percentage      Percentage
<S>       <C>            <C>            <C>        <C>             <C>
   1        103.656        107.834        19          61.007          68.541
   2        101.452        105.816        20          58.481          66.202
   3         99.219        103.769        21          55.942          63.849
   4         96.955        101.692        22          53.389          61.482
   5         94.675         99.598        23          50.818          59.098
   6         92.378         97.488        24          48.233          56.699
   7         90.065         95.361        25          45.634          54.287
   8         87.735         93.218        26          43.017          51.856
   9         85.389         91.059        27          40.386          49.412
  10         83.027         88.883        28          37.741          46.953
  11         80.648         86.690        29          35.077          44.476
  12         78.251         84.480        30          32.395          41.980
  13         75.839         82.254        31          29.697          39.469
  14         73.409         80.011        32          26.983          36.941
  15         70.962         77.750        33          24.252          34.396
  16         68.499         75.473        34          21.505          31.836
  17         66.018         73.179        35          18.739          29.256
  18         63.519         70.867        36          15.956          26.661
</TABLE>

* The Stipulated Loss Value or Termination Value for any unit of Equipment shall
  be the Capitalized Lessor's Cost of such unit multiplied by the appropriate
  percentage derived from the above table. In the event that the Lease is for
  any reason extended, then the last percentage figure shown above shall control
  throughout any such extended term.

G.   MODIFICATIONS AND ADDITIONS FOR THIS SCHEDULE ONLY

For purposes of this Schedule only, the Agreement is amended as follows:

1.   EQUIPMENT SPECIFIC PROVISIONS

     The MAINTENANCE Section of the Lease is amended by adding the following as
the third sentence in subsection (a):

     Lessee agrees that upon return of the Equipment, it will comply with all
original manufacturer's performance specifications for new Equipment without
expense to Lessor. Lessee shall, if requested by Lessor, obtain a certificate or
service report from the manufacturer attesting to such condition.

Each reference contained in this Agreement to:

     (a)  "Adverse Environmental Condition" shall refer to (i) the existence or
the continuation of the existence, of an Environmental Emission (including,
without limitation, a sudden or non-sudden accidental or non-accidental
Environmental Emission), of, or exposure to, any substance, chemical, material,
pollutant, Contaminant, odor or audible noise or other release or emission in,
into or onto the environment (including, without limitation, the air, ground,
water or any surface) at, in, by, from or related to any Equipment, (ii) the
environmental aspect of the transportation, storage, treatment or disposal of
materials in connection with the operation of any Equipment or (iii) the
violation, or alleged violation of any statutes, ordinances, orders, rules,
regulations, permits or licenses of, by or from any governmental authority,
agency or court relating to environmental matters connected with any Equipment.

     (b)  "Affiliates" shall refer, with respect to any given Person, to any
Person that directly or indirectly through one or more intermediaries, controls,
or

                                       2

<PAGE>   10
is controlled by, or is under common control with, such Person.

     (c)  "Contaminant" shall refer to those substances which are regulated by
or form the basis of liability under any Environmental Law, including, without
limitation, asbestos, polychlorinated biphenyls ("PCBs"), and radioactive
substances, or other material or substance which has in the past or could in the
future constitute a health, safely or environmental hazard to any Person,
property or natural resources.

     (d)  "Environmental Claim" shall refer to any accusation, allegation,
notice of violation, claim, demand, abatement or other order on direction
(conditional or otherwise) by any governmental authority or any Person for
personal injury (including sickness, disease or death), tangible or intangible
property damage, damage to the environment or other adverse effects on the
environment, or for fines, penalties or restrictions, resulting from or based
upon any Adverse Environmental Condition.

     (e)  "Environmental Emission" shall refer to any actual or threatened
release, spill, emission, leaking, pumping, injection, deposit, disposal,
discharge, dispersal, leaching or migration into the indoor or outdoor
environment, or into or out of any of the Equipment, including, without
limitation, the movement of any Contaminant or other substance through or in the
air, soil, surface water, groundwater or property.

     (f)  "Environmental Law" shall mean any federal, foreign, state or local
law, rule or regulation pertaining to the protection of the environment,
including, but not limited to, the Comprehensive Environmental Response,
Compensation and Liability Act ("CERCLA") (42 U.S.C. Section 9601 et seq.), the
Hazardous Material Transportation Act (49 U.S.C. Section 1801 et seq.), the
Federal Water Pollution Control Act (33 U.S.C. Section 1251 et seq.), the
Resource Conservation and Recovery Act (42 U.S.C. Section 6901 et seq.), the
Clear Air Act (42 U.S.C. Section 7401 et seq.), the Toxic Substances Control Act
(15 U.S.C. Section 2601 et seq.), the Federal Insecticide, Fungicide, and
Rodenticide Act (7 U.S.C. Section 1361 et seq.), and the Occupational Safety and
Health Act (19 U.S.C. Section 651 et seq.), as these laws have been amended or
supplemented, and any analogous foreign, federal, state or local statutes, and
the regulations promulgated pursuant thereto.

     (g)  "Environmental Loss" shall mean any loss, cost, damage, liability,
deficiency, fine, penalty or expense (including, without limitation, reasonable
attorney's fees, engineering and other professional or expert fees),
investigation, removal, cleanup and remedial costs (voluntary or involuntarily
incurred) and damages to, loss of the use of or decrease in value of the
Equipment arising out of or related to any Adverse Environmental Condition.

     (h)  "Person" shall include any individual, partnership, corporation,
trust, unincorporated organization, government or department or agency thereof
and any other entity.

     Lessee shall fully and promptly pay, perform, discharge, defend, indemnify
and hold harmless Lessor and its Affiliates, successors and assigns, directors,
officers, employees and agents from and against any Environmental Claim or
Environmental Loss.

     The provisions of this Schedule shall survive any expiration or termination
of the Lease and shall be enforceable by lessor, it successors and assigns.

     RETURN CONDITIONS: In addition to the provisions provided for in the RETURN
OF EQUIPMENT Section of the Lease, and provided that the Lessee has not elected
its option to purchase the Equipment, Lessee shall, at its expense:

     (a)  Upon the request of Lessor, Lessee shall no later than ninety (90)
days prior to the expiration or other termination of the Lease provide:

          (i)    a detailed inventory of the Equipment (including the model and
serial number of each major component thereof), including without limitation,
all internal circuit boards, module boards, and software features;

          (ii)   a complete and current set of all manuals, equipment
configuration, setup and operation diagrams, maintenance records and other data
that may be reasonably requested by Lessor concerning the configuration and
operation of the Equipment; and

          (iii)  a certification of the manufacturer or of a maintenance
provider acceptable to Lessor that the Equipment (1) has been tested and is
operating in accordance with manufacturers specifications (together with a
report detailing the condition of the Equipment), the results of such test(s)
and inspection(s) and all repairs that were performed as a result of such
test(s) and inspection(s) and (2) that the Equipment qualifies for the
manufacturers used equipment maintenance program.

     (b)  Upon the request of Lessor, Lessee shall, no later than sixty (60)
days prior to the expiration or other termination of the Lease, make the
Equipment available for on-site operational inspection by persons designated by
the Lessor who shall be duly qualified to inspect the Equipment in its
operational environment.

     (c)  All Equipment shall be cleaned and treated with respect to rust,
corrosion and appearance in accordance with manufacturers recommendations and
consistent with the best practices of dealers in used equipment similar to the
Equipment; shall have no Lessee installed markings or labels which are not
necessary for the operation, maintenance or repair of the Equipment; and shall
be in compliance with all applicable governmental laws, rules and regulations.

     (d)  The Equipment shall be deinstalled and packed by or under the
supervision of the manufacturer or such other person acceptable to Lessor in
accordance with manufacturers recommendations. Without limitation, all internal
fluids will either be drained and disposed of or filled and secured in
accordance with manufacturers recommendations and applicable governmental laws,
rules and regulations.

     (e)  Provide for transportation of the Equipment in a manner consistent
with the manufacturer's recommendations and practices to any locations within
the continental United States as Lessor shall direct; and shall have the
Equipment unloaded at such locations.

2.   LEASE TERM OPTIONS

     EARLY LEASE TERM OPTIONS

       The Lease is hereby amended by adding the following to the end thereof:

                                       3

<PAGE>   11
CANCELLATION OPTION:

     (a)  So long as no default exists hereunder and expressly provided that
all of the terms and conditions of this Provision are fulfilled, Lessee may
cancel the Agreement as to all (but not less than all) of the Equipment on this
Schedule as of any one of the Cancellation Dates set forth below (each, a
"Cancellation Date") upon at least 90 days prior written notice (the "Notice
Date") to Lessor (which notice shall be irrevocable and shall be sent to the
attention of Lessor's Asset Management Organization, 44 Old Ridgebury Road,
Danbury, CT 06810-5105). Such notice shall state the Cancellation Date which
shall apply. If all of the terms and conditions of this Provision are not
fulfilled, this Lease shall continue in full force and effect and Lessee shall
continue to be liable for all obligations thereunder, including, without
limitation, the obligation to continue paying rent.

     (b)  Prior to the Cancellation Date, Lessee shall

          (i)  pay to Lessor, as additional rent, (A) the Cancellation Value
(set forth below for the applicable Cancellation Date) for the Equipment, plus
(B) all rent and all other sums due and unpaid as of the Cancellation Date
(including, but not limited to, any Rent payment due and payable on the
Cancellation Date and any sales taxes and property taxes); and

          (ii) return the Equipment in full compliance with the RETURN OF
EQUIPMENT Section of the Lease, such compliance being independently verified
by an independent appraiser selected by Lessor (reasonably acceptable to
Lessee) to determine that the Equipment is in such compliance, which
determination shall be final, binding and conclusive. Lessee shall bear all
costs associated with such appraiser's determination and such costs, if any, to
cause the Equipment to be in full compliance with the RETURN OF EQUIPMENT
Section of the Lease on or prior to such Cancellation Date.

     (c)  The Cancellation Dates and the applicable Cancellation Values are as
set forth below:

          October 1, 2001          1,350,028.20

     (d)  Lessee shall, from the applicable Notice Date through the
Cancellation Date,

          (i)  continue to comply with all of the terms and conditions of the
Lease, including, but not limited to, Lessee's obligation to pay rent, and

          (ii) make the Equipment available to Lessor in such a manner as to
allow Lessor to market and demonstrate the Equipment to potential purchasers or
lessees from such premises at no cost to Lessor; provided, however, that,
subject to Lessor's right to market and demonstrate the Equipment to potential
purchasers or lessees from time to time, Lessee may still use the Equipment
until the Cancellation Date.

     (e)  Lessee shall, from the applicable Cancellation Date through the
earlier of the date the Equipment is sold by Lessor to a third party or 30 days
following the Cancellation Date, comply with the following terms and conditions:

          (i)  Continue to provide insurance for the Equipment, at Lessee's own
expense, in compliance with the terms found in the INSURANCE Section of the
Lease, and

          (ii) Make the Equipment available to Lessor and/or allow Lessor to
store the Equipment at Lessee's premises, in such a manner as to allow Lessor
to market and demonstrate the Equipment to potential purchasers or lessees from
such premises at no cost to Lessor.

     (f)  The proceeds of any sale or re-sale of the Equipment after Lessee has
exercised its Cancellation Option shall be for the sole benefit of Lessor and
Lessee shall have no interest in or any claim upon any of such proceeds.

H.   PAYMENT AUTHORIZATION

     You are hereby irrevocably authorized and directed to deliver and apply the
proceeds due under this Schedule as follows:

<TABLE>
<CAPTION>
COMPANY NAME                            ADDRESS                       AMOUNT
------------                           --------                       -------
<S>                              <C>                                  <C>
Advanced Systems Group, Inc.     12405 North Grant Street             $1,831,694.00
                                 Thornton, CO 80241

Kent Datacomm                    P.O. Box 201523                        $525,931.07
                                 Houston, TX 77216-1523

Oracle                           Wire Transfer Information:             $570,326.00
                                 Wells Fargo Bank
                                 Chicago, IL
                                 ABA# 121000248
                                 Account# 4522-020841

Accrue Software, Inc.            48634 Milmount Drive                    $322,779.00
                                 Freemont, CA 94538
</TABLE>

This authorization and direction is given pursuant to the same authority
authorizing the above-mentioned financing.

                                       4
<PAGE>   12
     Except as expressly modified hereby, all terms and provisions of the
Agreement shall remain in full force and effect. This Schedule is not binding or
effective with respect to the Agreement or Equipment until executed on behalf of
Lessor and Lessee by authorized representatives of Lessor and Lessee,
respectively.

     IN WITNESS WHEREOF, Lessee and Lessor have caused this Schedule to be
executed by their duly authorized representatives as of the date first above
written.

LESSOR:                                     LESSEE:

GENERAL ELECTRIC CAPITAL CORPORATION        GORACING.COM, INC.

By: /s/ ARTHUR G. ABELLO                    By: /s/ CHRIS BESING
   ---------------------------------           ---------------------------------

Name: ARTHUR G. ABELLO                      Name: CHRIS BESING
     -------------------------------             -------------------------------

Title: Senior Risk Analyst                  Title: C.E.O.
      ------------------------------              ------------------------------

                                       5

<PAGE>   13
                             Collateral Schedule A
                                       to
                                Schedule No. 01

<TABLE>
<CAPTION>
                                                                                       ADVANCED SYSTEMS GROUP
                      VENDOR
  SERIAL NUMBER       ITEM#                     DESCRIPTION                    QUANTITY         TOTAL             SOFT COST
<S>                   <C>               <C>                                      <C>         <C>              <C>
-------------------------------------------------------------------------------------------------------------------------------
                      SL-WEB1-1500-1    Veritas Web Edition                        2             $7,744.00
                      DS-WEB1-1500-1    Veritas Edition Support                    2             $1,834.00
                      SL-WEB1-1500-1    Veritas Web Edition                       20            $77,440.00
                      PS-WEB1-1500-1    Veritas Web Edition Support               20            $18,340.00
                      MD-WEB1-1500-1    Veritas Web Edition                        2               $300.00
See Invoice #0016427        A26-AA-R    E250 SERVER BASE CONFIG (RACK)            20            $79,480.00
See Invoice #0016427           1194A    Opt 400MHz/2MB processor                  40           $201,600.00
                               7004A    OPT MEMORY 256MB (2*128MB)                40            $54,000.00
See Invoice #0016427           5234A    OPT INT DISK 9.1GB/10K USCSI             120           $118,800.00
                               3668A    PGX32 CARD W/VIDEO ADAPTOR                20             $5,320.00
                               9683A    REDUNDNT POWER SUPPLY FOR E250            20            $12,520.00
                              X1034A    OPT QFE PCI CARD W/SW                     20            $15,120.00
                      SOLMS-260W9999    SOLARIS 2.6 STD ENGLISH SVR                2               $160.00
                                        ASG installation                          20                            $39,900.00
                               7004A    OPT MEMORY 256MB (2*128MB)                24            $32,400.00
                      SL-WEB1-1500-1    Veritas Web Edition                        2             $7,744.00
                      DS-WEB1-1500-1    Veritas Web Edition Support                2             $1,834.00
                               2580A    OPT PROCESSOR US 400-MHZ/8MB               2            $26,600.00
                      SL-WEB1-1500-2    Veritas Web Edition lic for E3500          1             $9,040.00
                      DS-WEB1-1500-2    Veritas Web Edition annual support 7x24    1             $2,141.00
                      SL-WEB1-1500-1    Veritas Web Edition                        2             $7,744.00
                      PS-WEB1-1500-1    Veritas Web Edition support                2             $1,834.00
                      SL-WEB1-1500-1    Veritas Web Edition                        1             $3,872.00
                      DS-WEB1-1500-1    Veritas Web Edition support                1               $917.00
See Invoice #0016428        A26-AA-R    E250 SERVER BASE CONFIG (RACK)             2             $7,948.00
See Invoice #0016428           1194A    Opt 400MHz/2MB processor                   4            $20,160.00
                               7004A    OPT MEMORY 256MB (2*128MB)                 4             $5,400.00
See Invoice #0016428           5234A    OPT INT DISK 9.1GB/10K USCSI              12            $11,880.00
                               3668A    PGX32 CARD W/VIDEO ADAPTOR                 2               $532.00
                               9683A    REDUNDNT POWER SUPPLY FOR E250             2             $1,252.00
                              X1141A    SUN GIGABITETHERNET T/P 2.0                4             $6,368.00
                                        ASG installation                           2                             $3,990.00
See Invoice #0016428       E3501-C82    ENT 3500 BASE, 400MHZ/8MB                  1            $33,440.00
See Invoice #0016428           2602A    OPT INT CPU/MEM BD FOR EXX00               1             $6,840.00
                              X7023A    OTP MEMORY 1GB (8*128MB)                   2            $14,440.00
</TABLE>

                                                                               1

<PAGE>   14
                             Collateral Schedule A
                                       to
                                Schedule No. 01

<TABLE>
<CAPTION>
                                                                                             ADVANCED SYSTEMS GROUP
                                  VENDOR
SERIAL NUMBER                     ITEM#                   DESCRIPTION                QUANTITY        TOTAL         SOFT COST
--------------------       -----------------      -----------------------------      --------      ----------      ---------
<S>                        <C>                    <C>                                <C>           <C>             <C>
                                       3655A      TURBOGXPLUS CARD W/CABLES, DOC         1            $747.00
                                       2652A      OPTIONAL FC-AL INTERFACE BOARD         1          $1,140.00
                                      X6731A      FCAL GBIC MODULE 100MB/S               2            $912.00
                                       X973A      2 METER FIBRE CHANNEL CABLE            1            $150.00
                                       9689A      OPT 2ND PERIPHERAL PS/195W             1          $1,140.00
                                       2612A      OPT INT I/O BD EXXOO W/FC-AL           2          $9,880.00
                                      X6710A      FC-AL 9.1 GB 10000RPM 1" DISK          4          $8,816.00
                                       X954A      OPT INT PS/300W FOR EX000              2          $2,736.00
                                                  ASG installation                       1                          $3,495.00
                                       1065A      OPT ULTRA DWIS/S HOST ADAPTER          2          $1,968.00
                                       X979A      OPT CABLE DSCSI 12M                    2            $530.00
                                      X5235A      OPT INT DISK 9GB/10000 USCSI          50         $51,750.00
                                      X6537A      STOREDGE A3500 CONTROLLER              1         $ 3,641.00
                                      X7020A      Opt A3500 Memory 64BM                  2          $2,660.00
See Invoice # 0016433      A21UHC1A9P-B256CP      WS U5/333 PGX24 256/9GB/CD             1         $ 3,641.00
See Invoice # 0016433                 X7119A      19" COLOR MONITOR W/CABLE              1            $711.00
See Invoice # 0016433                 X5236A      OPT INT 9 GB Drive for U5/U10          1            $405.00
                              SYMY9-201-E999      SyMON 2.0.1 for 25 servers             1         $15,000.00
                              SYMX9-201-E999      SyMON 2.0.1 for 10 servers             1           8,000.00
                              SYMM9-201-999M      SyMON 2.0.1 Media Kit                  1             $50.00
                                                  ASG installation                       1                          $2,495.00
See Invoice # 0016434      A21UHC1Z9S-B128CP      SERVER U5/333, 128/9GB                 2          $8,092.00
                                      X7037A      OPT 128MB DRAM, 50NS, U5/U10           2            $766.00
                                                  ASG installation                       2                          $3,990.00
                                 SG-XARY030A      72" STOREDGE EXPANSION RACK            7         $39,900.00
                                      X9818A      OPT DOOR ASSEMBLY 72" CABINET          7          $3,458.00
                                       2244A      OPT 400MHZ CPU W/4MB FOR E450          8         $40,320.00
See Invoice # 0016440                 A25-BA      SRVR E450 ZERO BASE                    2         $20,422.00
                                      X9690A      E450 RACKMOUNTING KIT                  2          $1,360.00
                                       7005A      OPT MEMORY 512MB (2*256MB)             4         $14,400.00
See Invoice # 0016440                  5234A      OPT INT DISK 9.1GB/10K USCSI          12         $11,880.00
                                       6602A      OPT 8BAY H/W RAID FOR E450             2          $4,852.00
                                       3668A      PGX32 CARD W/VIDEO ADAPTOR             2            $532.00
                                      X1034A      OPT QFE PCI CARD W/SW                  2          $1,512.00
                                                  ENT 3500 Rackmount Kit                 1          $6,500.00
</TABLE>

                               goracing.com, inc.                             2

<PAGE>   15
                             Collateral Schedule A
                                       to
                                Schedule No. 01

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
                             VENDOR                                                      ADVANCED SYSTEMS GROUP
SERIAL NUMBER                 ITEM#                   DESCRIPTION                 QUANTITY          TOTAL       SOFT COST
-------------------------------------------------------------------------------------------------------------------------
<S>                   <C>                    <C>                                     <C>      <C>             <C>
                          CL6IS-229-9999      SC 2.2 FOR E4/5X00 & SC2000              2         $19,200.00
-------------------------------------------------------------------------------------------------------------------------
                          CL9DS-229-9999      SUN CLUSTER 2.2 DOCS - ENGLISH           1            $400.00
-------------------------------------------------------------------------------------------------------------------------
                          CLCIS-22P-9999      SC 2.2 OPS FOR E4/5/6x00                 2          $6,400.00
-------------------------------------------------------------------------------------------------------------------------
See Invoice # 0016439              2580A      OPT PROCESSOR US 400-MHZ/8MB             12       $159,600.00
-------------------------------------------------------------------------------------------------------------------------
See Invoice # 0016439              E5501      ENT 5500 SERVER BASE 2*PS                1         $36,480.00
-------------------------------------------------------------------------------------------------------------------------
                                              OPT 2ND POWER SEQUENCER                  1            $836.00
-------------------------------------------------------------------------------------------------------------------------
                                  X9626A      2ND SEQ. MOUNTING FOR E55/6500           1            $114.00
-------------------------------------------------------------------------------------------------------------------------
                                  X9602A      Ex000 Cabinet Floor Brackets             1            $304.00
-------------------------------------------------------------------------------------------------------------------------
See Invoice # 0016439              E4501      ENT 4500 SERVER BASE 2*PS                1         $28,120.00
-------------------------------------------------------------------------------------------------------------------------
See Invoice # 0016439              2602A      OPT INT CPU/MEM BD FOR EXX00             6         $41,040.00
-------------------------------------------------------------------------------------------------------------------------
                                  X7023A      OTP MEMORY 1GB (8*128MB)                 4         $28,880.00
-------------------------------------------------------------------------------------------------------------------------
                                   2612A      OPT INT I/O BD EXX00 W/FC-AL             6         $29,640.00
-------------------------------------------------------------------------------------------------------------------------
                                   X954A      OPT INT PS/300W FOR EX000                4          $5,472.00
-------------------------------------------------------------------------------------------------------------------------
                                  X1065A      OPT ULTRA DWIS/S HOST ADAPTER            4          $3,936.00
-------------------------------------------------------------------------------------------------------------------------
See Invoice # 0016439    SG-XARY147A-36G      36GB D1000 FOR RACK (10K RPM)            2         $16,372.00
-------------------------------------------------------------------------------------------------------------------------
                                  X1073A      SC 2.1 SCI/SBUS BOARD                    4         $13,680.00
-------------------------------------------------------------------------------------------------------------------------
                                  X3825A      SC 2.1 SCI CABLE (10M)                   2            $500.00
-------------------------------------------------------------------------------------------------------------------------
                                  X1312A      TERMINAL CONCENTRATOR KIT                1          $1,900.00
-------------------------------------------------------------------------------------------------------------------------
                                  X3836A      5M SERIAL CABLE                          1            $125.00
-------------------------------------------------------------------------------------------------------------------------
See Invoice # 0016439  A21UGE1A9P-C128CR      WS U5/360 PGX24 128/8GB/CD               1          $2,403.00
-------------------------------------------------------------------------------------------------------------------------
See Invoice # 0016439             X7126A      17" ENTRY COLOR MONITOR                  1            $432.00
-------------------------------------------------------------------------------------------------------------------------
                          SOLMS-260WD999      SOLARIS 2.6 STD. ENGLISH DT              1             $60.00
-------------------------------------------------------------------------------------------------------------------------
                                              Installation                             1                       $15,000.00
-------------------------------------------------------------------------------------------------------------------------
                                  X1065A      OPT ULTRA DWIS/S HOST ADAPTER            4          $3,936.00
-------------------------------------------------------------------------------------------------------------------------
                                   X979A      OPT CABLE DSCSI 12M                      4          $1,060.00
-------------------------------------------------------------------------------------------------------------------------
                                  X5235A      OPT INT DISK 9GB/10000 USCSI             30        $31,050.00
-------------------------------------------------------------------------------------------------------------------------
                                  X6537A      STOREDGE A3500 CONTROLLER                1         $19,874.00
-------------------------------------------------------------------------------------------------------------------------
                                  X7020A      OPT A3500 MEMORY 64MB                    2          $2,660.00
-------------------------------------------------------------------------------------------------------------------------
                                              Netscape Enterprise Server               14        $15,666.00
-------------------------------------------------------------------------------------------------------------------------
                                              Netscape Enterprise Server Support       14         $3,920.00
-------------------------------------------------------------------------------------------------------------------------
See Invoice # 0016820     SG-ARY370A-91G      91-GB A3500 (1x5x9-GB)                   1         $43,092.00
-------------------------------------------------------------------------------------------------------------------------
See Invoice # 0016822     SG-ARY370A-91G      91-GB A3500 (1x5x9-GB)                   1         $43,092.00
-------------------------------------------------------------------------------------------------------------------------
See Invoice # 0016826                         Annual Gold Support for E450 Server      2          $5,682.00
-------------------------------------------------------------------------------------------------------------------------
                                              Annual Gold Support for E250 Server      20        $38,760.00
-------------------------------------------------------------------------------------------------------------------------
See Invoice # 0016824                         Annual Gold Support for WS U5/333        1            $442.00
-------------------------------------------------------------------------------------------------------------------------

</TABLE>

                                                                               3

<PAGE>   16
                             Collateral Schedule A
                                       to
                                Schedule No. 01

<TABLE>

                                                                                                    ADVANCED SYSTEMS GROUP

                         VENDOR
SERIAL NUMBER            ITEM #                   DESCRIPTION                                   QUANTITY       TOTAL      SOFT  COST
<C>                      <C>             <C>                                                   <C>           <C>         <C>

See Invoice #0016824                     Annual Gold Support for SyMON for 25 servers               1         $3,569.00
See Invoice #0016824                     Annual Gold Support for SyMon for 10 servers               1         $1,894.00
See Invoice #0016823                     Annual Gold Support for Server U5/333                      2           $858.00
See Invoice #0016827                     Annual Gold Support E250 Server                            2         $3,876.00
See Invoice #0016827                     Annual Gold Support ENT 3500 Base &                        1         $5,739.00
See Invoice #0016827                     Annual Gold Support OPT INT CPU                            1             $0.00
See Invoice #0016827                     Annual Gold Support 91-GB A3500 &                          1        $13,402.00
See Invoice #0016827                     Annual Gold Support Storedge A3500 Controller              1             $0.00
See Invoice #0016828                     Annual Gold Support for ENT 5500 &                         1        $10,971.50
See Invoice #0016828                     Annual Gold Support for ENT 4500                           1             $0.00
See Invoice #0016828                     Annual Gold Support for OPT INT CPU                        1         $9,646.50
See Invoice #0016828                     Annual Gold Support for 36GB D1000                         1         $2,954.00
See Invoice #0016828                     Annual Gold Support for WS U5/360                          1           $442.00
See Invoice #0016828                     Annual Gold Support for SC 2.2 for E4/5x00                 1         $5,103.00
See Invoice #0016828                     Annual Gold Support for SC 2.2 for OPS                     1         $1,701.00
See Invoice #0016828                     Annual Gold Support for 91-BG A3500 &                      1        $13,402.00
See Invoice #0016828                     Annual Gold Support for Storedge A3500                     1             $0.00
See Invoice #0017035                     ASG Installation Services                                  1                      $4,990.00
</TABLE>

                                                                               4
<PAGE>   17
                             Collateral Schedule A
                                       to
                                Schedule No. 01

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------------------------------
                                                                                                           Kent DataComm
                              Vendor
Serial Number                 Item #                         Description                        Quantity       Total       Soft Cost
------------------------------------------------------------------------------------------------------------------------------------
<S>                           <C>                      <C>                                     <C>            <C>         <C>
See Invoice #99764485         WS-C6509                 Catalyst 6509 Chassis IDF 1 & 2             2          $14,392.80
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764485         WS-CAC-1300W             Catalyst 6000 1300W AC Power Supply         2           $5,752.80
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764485         WS-CAC-1300W/2           Catalyst 6000 Second 1300W AC Power         2           $5,752.80
                                                       Supply
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764485         WS-X6K-SUP1-2GE          Catalyst 6000 Supervisor Engine 1, 2GE      2          $14,392.80
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764485         MEM-C6K-FLC16M           Catalyst 6000 Supervisor PCMCIA Flash       2             $576.00
                                                       Mem Card
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764485         WS-X6248-RJ-45           Catalyst 6000 48-port 10/100 RJ-45          6          $56,138.40
                                                       Module
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764485         WS-G5484                 100Base-SX Short Wavelengh GBIC             4           $1,440.00
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764485         CON-SNTP-WS-C6509        24x7x4 Service, Catalyst 6509               2          $20,800.00
------------------------------------------------------------------------------------------------------------------------------------
                                                       Shipping & Handling                                                 $303.45
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764488         WS-C6509                 Catalyst 6509 Chassis MDF                   1           $7,196.40
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764488         WS-CAC-1300W             Catalyst 6000 1300W AC Power Supply         1           $2,876.40
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764488         WS-CAC-1300W/2           Catalyst 6000 Second 1300W AC Power         1           $2,876.40
                                                       Supply
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764488         WS-X6K-SUP1-2GE          Catalyst 6000 Supervisor Engine 1, 2GE      1           $7,196.40
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764488         MEM-C6K-FLC16M           Catalyst 6000 Supervisor PCMCIA Flash       1             $288.00
                                                       Mem Card
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764488         WS-X6K-SUP1-2GE          Catalyst 6000 Supervisor Engine 1, 2GE      1           $7,196.40
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764488         MEM-C6K-FLC16M           Catalyst 6000 Supervisor PCMCIA Flash       1             $288.00
                                                       Mem Card
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764488         WS-X6408-GBIC            Catalyst 6000 8-port Gigabit Ethernet       2          $14,392.80
                                                       Module
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764488         WS-X6248-RJ-45           Catalyst 6000 48-port 10/100 RJ-45 Module   1           $9,356.40
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764488         WS-G5484                 1000Base-SX Short Wavelengh GBIC            4           $1,440.00
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764488         WS-X6302-MSM             Catalyst 6000 Multilayer Switch Module      1          $14,396.40
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764488         CON-SNTP-WS-C6509        24x7x4 Service, Catalyst 6509               1          $10,400.00
------------------------------------------------------------------------------------------------------------------------------------
                                                       Shipping & Handling                                                 $210.75
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764494         LDIR-430                 LocalDirector 430                           2          $36,000.00
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764494         CAB-AC                   Power Cord, 110V                            2           $7,833.60
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764494                                  CON-SNTP-LDIR430, smartnet premium          2           $6,968.82
                                                       24x7x4
------------------------------------------------------------------------------------------------------------------------------------
                                                       Shipping & Handling                                                 $116.25
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764493         CISCO7206VXR             Cisco 7206VXR, 6-slot Chassis 1 AC Supply   2          $10,080.00
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764493         PWR-7200/2               Cisco 7200 Dual AC Power Supply Option,     2           $4,320.00
                                                       280W
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764493         S72CH-12.0.4T            IP/FW                                       2           $7,200.00
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764493         FR-IR72                  Cisco IOS 7200 Series InterDomain           2           $4,896.00
                                                       Routing/Tag
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764493         C7200-I/O-FE             Cisco 7200 Input/Output Controller with     2           $3,600.00
                                                       Fast Ethernet Port
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764493         MEM-I/O-FLD16M           Cisco 7200 I/O PCMCIA Flash Memory, 16MB    2             $576.00
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764493         MEM-I/O-FLD40M           Cisco 7200 I/O PCMCIA Flash Memory, 40MB    2             $576.00
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764493         NPE-300                  Cisco 7200VXR Network Processing Engine     2          $10,800.00
                                                       300
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764493         PA-2FEISL-TX             2 Port Fast Ethernet/ISL 100Base TX Port    2           $5,472.00
                                                       Adapter
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764493         PA-POS-OC3MM             1-Port Packet/SONET OC3c/STM1 Multimode     2           $8,640.00
                                                       Port adapter
------------------------------------------------------------------------------------------------------------------------------------
See Invoice #99764493         PA-A3-T3                 1-Port ATM Enhanced DS3                     4          $23,040.00
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
                  goracing.com, inc.                         5
<PAGE>   18
                             Collateral Schedule A
                                       to
                                Schedule No. 01

<TABLE>
<CAPTION>

                                                                                                     Kent DataComm

Serial Number            Vendor Item #            Description                                Quantity     Total        Soft Cost
------------------------------------------------------------------------------------------------------------------------------------
<S>                     <C>                 <C>                                              <C>       <C>             <C>
See Invoice #99764493   CON-SNTP-7206       Cisco 7206 SMARTnet Premium Maintenance              2      $6,912.00

                                            Shipping & Handling                                                         $290.85

See Invoice #99764489   WS-C6509            Catalyst 6509 Chassis                                3     $21,589.20

See Invoice #99764489   WS-CAC-1300W        Catalyst 6000 1300W AC Power Supply                  3     $ 8,629.20

See Invoice #99764489   WS-CAC-1300W/2      Catalyst 6000 Second 1300W AC Power Supply           3     $ 8,629.20

See Invoice #99764489   WS-X6K-SUP1-2GE     Catalyst 6000 Supervisor Engine 1, 2GE               3     $21,589.20

See Invoice #99764489   MEM-C65-FLC16M      Catalyst 6000 Supervisor PCMCIA Flash Mem Card       3     $   864.00

See Invoice #99764489   WS-X6408-GBIC       Catalyst 6000 8-port Gigabit Ethernet Module         3     $21,589.00

See Invoice #99764489   WS-X6248-RJ-45      Catalyst 6000 48-port 10/100 RJ-45 Module            3     $28,069.20

See Invoice #99764489   CON-SNTP-WS-C6509   24x7x4 Service, Catalyst 6509                        3     $31,200.00

                                            Shipping & Handling                                                         $341.25

See Invoice #99764491   NRS-2FE             NetRanger Sensor, 2 10/100bT Intfc                   2     $27,360.00

                                            CON-SNTP-LDIR430, smartnet premium 24x7x4            2     $ 8,635.00

                                            Shipping & Handling                                                         $ 90.45

See Invoice #2125819    PA-2FEISL-TX        2 Port Fast Ethernet/ISL 100Base TX Port Adapter     2     $ 5,472.00

                                            Shipping & Handling                                                         $ 28.07

See Invoice #2152775    CON-SNTP-NRS-2FE    SNTP Svc, NetRanger Sensor, 2 10/100bT Intfc         2     $ 2,308.74

See Invoice #2152775    CON-SNTP-LDIR430    24X7X4 Service, LDIR-430, LocalDirector 430          2     $ 1,863.18

See Invoice #2152775    CON-SNTP-7206       SNTP Svc, -7206                                      2     $ 2,688.00
</TABLE>
<PAGE>   19
                             Collateral Schedule A
                                       to
                                Schedule No. 01

<TABLE>
<CAPTION>

                                                                                                     ORACLE

Serial Number            Vendor Item #            Description                                Quantity     Total        Soft Cost
------------------------------------------------------------------------------------------------------------------------------------
<S>                     <C>                 <C>                                              <C>       <C>             <C>
                        OR-0308iPLPU         Oracle Enterprise server V8i                     4800     $297,600.00

                                             perpetual license, power unit                             $     0.00

                                             Diagnostics Pack                                 4800     $ 22,320.00

                                             Tuning Pack                                      4800     $ 22,320.00

                        OR-050PARALLEL8iPUSL Oracle Enterprise Edition Parallel server V8i    4800     $119,040.00

                                              perpetual license, power unit annual support             $      0.00

                                             Designer/2000                                      3      $  5,575.00

                                             1 Year Annual Technical Support                    1      $ 96,378.00

                                             Oracle Designer 2.1 for Microsoft                  1         5,575.00

                                             Silver Advance Service for Oracle Design           1         1,518.00

</TABLE>
<PAGE>   20
                             Collateral Schedule A
                                       to
                                Schedule No. 01

<TABLE>
<CAPTION>
                               Vendor                                               Accure Software Inc.
Serial Number                   Item#             Description               Quantity        Software      Soft Cost
---------------------------------------------------------------------------------------------------------------------
<S>             <C>                      <C>                                      <C>   <C>              <C>
                                         Base Product                              1      $17,000.00
                             Software    Software Support - 17.5% of
                                           software list price in year 1           1                      $69,644.00
                Additional Components    UNIX CPUs Analyzed                       33     $329,967.00
                Additional Components    Non-UNIX CPUs Analyzed                    4      $31,996.00
                Additional Components    Network Segments Monitored                1       $4,000.00
                Additional Components    Vignette Bridge                           1      $15,000.00
                                         Quick Insight                             1       $7,500.00
                                         Administrator's Training                  1                       $2,000.00
                                         Business Analyst Training                 2                       $2,000.00
                             Discount    Special Discount Incentive                1     $156,328.00
</TABLE>
<PAGE>   21
                                    ANNEX C
                                       TO
                                SCHEDULE NO. 01
                           TO MASTER LEASE AGREEMENT
                           DATED AS OF AUGUST 9, 1999

                           CERTIFICATE OF ACCEPTANCE

To:  GENERAL ELECTRIC CAPITAL CORPORATION (together with its successors and
     assigns, if any, "LESSOR")

     Pursuant to the provisions of the above schedule and lease (collectively,
the "LEASE"), Lessee hereby certifies and warrants that (a) all Equipment
listed below has been delivered and installed (if applicable); (b) Lessee has
inspected the Equipment, and all such testing as it deems necessary has been
performed by Lessee, Supplier or the manufacturer; (c) Lessee accepts the
Equipment for all purposes of the Lease, the purchase documents and all
attendant documents; and (d) the Equipment was first delivered to Lessee within
ten (10) days of the date hereof.

     Lessee does further certify that as of the date hereof (i) Lessee is not
in default under the Lease; (ii) the representations and warranties made by
Lessee pursuant to or under the Lease are true and correct on the date hereof
and (iii) Lessee has reviewed and approves of the purchase documents for the
Equipment, if any.

                            DESCRIPTION OF EQUIPMENT

NUMBER
OF UNITS     MANUFACTURER      SERIAL NUMBERS    MODEL AND TYPE OF EQUIPMENT
--------     ------------      --------------    ---------------------------

             Numerous                            Personal Computers, monitors,
                                                 printers, software and the
                                                 various equipment needed for
                                                 installation and running of
                                                 the systems.

        SEE COLLATERAL SCHEDULE A ATTACHED TO EQUIPMENT SCHEDULE NO. 01
               FOR THE VARIOUS EQUIPMENT, SERIAL NUMBERS AND COST

Equipment immediately listed above is located at: 4707 E. Baseline Road,
Phoenix, Maricopa County, AZ

                                                       goracing.com,Inc.

                                                 By:  /s/ CHRIS BESING
                                                     ------------------------

                                                 Title:  C.E.O.
                                                        ---------------------

                                                 Dated:   10/01/99
                                                        ---------------------
<PAGE>   22
[GE LOGO]

                                                                      GE Capital
--------------------------------------------------------------------------------
                                General Electric Capital Corporation
                                One Lincoln Centre, 5400 LBJ Freeway, Suite 1280
                                Dallas, TX 75240
                                972 419-3200

November 4, 1999

goracing.com,inc.
1480 South Hohokam Drive
Tempe, AZ 85281
Attn: Dean Jargo

Dear Mr. Jargo:

Attached please find the following documents.

1.   Equipment Schedule No. 02
2.   Collateral Schedule A
3.   Annex C (Certificate of Acceptance)
4.   1-UCC-1 Financing Statement, (SOS-AZ)
5.   Invoice for Documentation & 1st Payment

The master documents dated 08/09/1999 will also be used for this schedule.

Please execute the documents and return the original by Federal Express. Should
you have any questions, please call. Thanks.

Sincerely,
General Electric Capital Corporation

/s/ Vicki Braches

Vicki Braches
Documentation Specialist

A GE Capital Services Company
<PAGE>   23
                          COMPUTER EQUIPMENT SCHEDULE
                                SCHEDULE NO. 02
                               DATED THIS 11/5/99
                           TO MASTER LEASE AGREEMENT
                           DATED AS OF AUGUST 9, 1999

LESSOR & MAILING ADDRESS:               LESSEE & MAILING ADDRESS:

GENERAL ELECTRIC CAPITAL CORPORATION    GORACING.COM, INC.
ONE LINCOLN CENTRE, 5400 LBJ FREEWAY    4707 E. BASELINE ROAD
SUITE 1280, L.B.3                       PHOENIX, AZ 85040
DALLAS, TX 75240

This Schedule is executed pursuant to, and incorporates by reference the terms
and conditions of, and capitalized terms not defined herein shall have the
meanings assigned to them in, the Master Lease Agreement identified above
("AGREEMENT" said Agreement and this Schedule being collectively referred to as
"LEASE"). This Schedule, incorporating by reference the Agreement, constitutes
a separate instrument of lease.

A. EQUIPMENT: Subject to the terms and conditions of the Lease, Lessor agrees
to Lease to Lessee the Equipment described below (the "EQUIPMENT").

<TABLE>
<CAPTION>
 NUMBER    CAPITALIZED
OF UNITS  LESSOR'S COST       MANUFACTURER   SERIAL NUMBER  MODEL AND TYPE OF EQUIPMENT
--------  -------------       ------------   -------------  ---------------------------
<S>       <C>                 <C>            <C>            <C>
   1      $1,048,073.67                                     Computers, printers, software and the
                                                            various equipment needed for installation
                                                            and running of the system.
</TABLE>

           SEE COLLATERAL SCHEDULE A ATTACHED HERETO FOR THE VARIOUS
                        EQUIPMENT, SOFTWARE, AND COSTS.

and including all additions, attachments, accessories and accessions thereto,
and any and all substitutions, replacements or exchanges therefor, and all
insurance and/or other proceeds thereof by and between Lessee and Lessor
whether now owned or hereafter acquired.

     Equipment immediately listed above is located at: 1480 S. Hohokam Drive,
Tempe, Maricopa County, AZ 85281

B. FINANCIAL TERMS

<TABLE>
<S>                                               <C>
1. Advance Rent (if any): NOT APPLICABLE           5. Basic Term Commencement Date: NOVEMBER 5, 1999
2. Capitalized Lessor's Cost: $1,048,073.67        6. Lessee Federal Tax ID No.: 860956244
3. Basic Term (No. of Months): 36 Months.          7. Last Delivery Date: NOVEMBER 5, 1999
4. Basic Term Lease Rate Factor: 3.034789%         8. Daily Lease Rate Factor: N/A
</TABLE>

 9. First Termination Date: THIRTY-SIX (36) months after the Basic Term
    Commencement Date.

10. Interim Rent: For the period from and including the Lease Commencement Date
    to but not including the Basic Term Commencement Date ("Interim Period"),
    Lessee shall pay as rent ("Interim Rent") for each unit of Equipment, the
    product of the Daily Lease Rate Factor times the Capitalized Lessor's Cost
    of such unit times the number of days in the Interim Period. Interim Rent
    shall be due on NOT APPLICABLE.

11. Basic Term Rent. Commencing on NOVEMBER 5, 1999 and on the same day of each
    month thereafter (each, a "Rent Payment Date") during the Basic Term, Lessee
    shall pay as rent ("Basic Term Rent") the product of the Basic Term Lease
    Rate Factor times the Capitalized Lessor's Cost of all Equipment on this
    Schedule.

C. TAX BENEFITS     Depreciation Deductions:

    1. Depreciation method is the 200% declining balance method, switching to
       straight line method for the 1st taxable year for which using straight
       line method with respect to the adjusted basis as of the beginning of
       such year will yield a larger allowance.

    2. Recovery Period: FIVE (5) YEARS.

    3. Basis: 100% of the Capitalized Lessor's Cost.

D. PROPERTY TAX

    APPLICABLE TO EQUIPMENT LOCATED IN 1480 S. HOHOKAM DRIVE, TEMPE, MARICOPA
COUNTY, AZ 85281: Lessee agrees that it will not list any of such Equipment for
property tax purposes or report any property tax assessed against such
Equipment until otherwise directed in writing by Lessor. Upon receipt of any
property tax bill pertaining to such Equipment from the appropriate taxing
authority, Lessor will pay such tax and will invoice Lessee for the expense.
Upon receipt of such invoice, Lessee will promptly reimburse Lessor for such
expense.

                                       1
<PAGE>   24
     Lessor may notify Lessee (and Lessee agrees to follow such notification)
     regarding any changes in property tax reporting and payment
     responsibilities.

E.   ARTICLE 2A

     NOTICE IN ACCORDANCE WITH THE REQUIREMENTS OF ARTICLE 2A OF THE UNIFORM
     COMMERCIAL CODE AS ADOPTED IN THE APPLICABLE STATE, LESSOR HEREBY MAKES THE
     FOLLOWING DISCLOSURES TO LESSEE PRIOR TO EXECUTION OF THE LEASE, (A) THE
     PERSON(S) SUPPLYING THE EQUIPMENT IS ADVANCED SYSTEMS GROUP, BROADCAST
     SOFTWARE INT'L, BROADCAST SUPPLY WORLDWIDE, ENGAGE TECHNOLOGIES, INC., KENT
     DATACOMM, ORACLE, PACIFIC RESEARCH & ENGINEERING CORP., VIGNETTE
     CORPORATION (THE "SUPPLIER(S)"), (B) LESSEE IS ENTITLED TO THE PROMISES AND
     WARRANTIES, INCLUDING THOSE OF ANY THIRD PARTY, PROVIDED TO THE LESSOR BY
     SUPPLIER(S), WHICH IS SUPPLYING THE EQUIPMENT IN CONNECTION WITH OR AS PART
     OF THE CONTRACT BY WHICH LESSOR ACQUIRED THE EQUIPMENT AND (C) WITH RESPECT
     TO SUCH EQUIPMENT, LESSEE MAY COMMUNICATE WITH SUPPLIER(S) AND RECEIVE AN
     ACCURATE NAD COMPLETE STATEMENT OF SUCH PROMISES AND WARRANTIES, INCLUDING
     ANY DISCLAIMERS AND LIMITATIONS OF THEM OR OF REMEDIES. TO THE EXTENT
     PERMITTED BY APPLICABLE LAW, LESSEE HEREBY WAIVES ANY AND ALL RIGHTS AND
     REMEDIES CONFERRED UPON A LESSEE IN ARTICLE 2A AND ANY RIGHTS NOW OR
     HEREAFTER CONFERRED UPON A LESSEE IN ARTICLE 2A AND ANY RIGHTS NOW OR
     HEREAFTER CONFERRED BY STATUTE OR OTHERWISE WHICH MAY LIMIT OR MODIFY ANY
     OF LESSOR'S RIGHTS OR REMEDIES UNDER THE DEFAULT AND REMEDIES SECTION OF
     THE AGREEMENT.

F.   STIPULATED LOSS AND TERMINATION VALUE TABLE*

<TABLE>
<CAPTION>
              Termination           Stipulated                             Termination        Stipulated
                 Value              Loss Value                                 Value           Loss Value
Rental         Percentage           Percentage            Rental            Percentage         Percentage
------        -----------           ----------            ------            -----------        ----------
<S>            <C>                   <C>                   <C>               <C>                <C>
 1             103.568               107.890                19                57.275             68.839
 2             101.160               105.844                20                54.534             66.500
 3              98.720               103.847                21                51.776             64.144
 4              96.262               101.791                22                48.998             61.769
 5              93.787                99.718                23                46.203             59.376
 6              91.294                97.627                24                43.391             56.966
 7              88.784                95.519                25                40.559             54.536
 8              86.256                93.394                26                37,709             52,089
 9              83.712                91.252                27                34.842             49.624
10              81.149                89.091                28                31.955             47.139
11              78.568                86.913                29                29.048             44.635
12              75.970                84.717                30                26.125             42.114
13              73.353                82.503                31                23.186             39.577
14              70.719                80.271                32                20.230             37.024
15              68.067                78.021                33                17.259             34.455
16              65.396                75.753                34                14.267             31,865
17              62.706                73.465                35                11.258             29.259
18              59.999                71.161                36                 8.234             26.637

</TABLE>

*  The Stipulated Loss Value or Termination Value for any unit of Equipment
shall be the Capitalized Lessor's Cost of such unit multiplied by the
appropriate percentage derived from the above table. In the event that the Lease
is for any reason extended, then the last percentage figure shown above shall
control throughout any such extended term.

G.   MODIFICATIONS AND ADDITIONS FOR THIS SCHEDULE ONLY

     For purposes of this Schedule only, the Agreement is amended as follows:

     EQUIPMENT SPECIFIC PROVISIONS

          The MAINTENANCE Section of the Lease is amended by adding the
following as the third sentence in subsection (a):

          Lessee agrees that upon return of the Equipment, it will comply with
all original manufacturer's performance specifications for new Equipment without
expense to Lessor. Lessee shall, if requested by Lessor, obtain a certificate or
service report from the manufacturer attesting to such condition.

          Each reference contained in this Agreement to:

           (a) "Adverse Environmental Condition" shall refer to (i) the
existence or the continuation of the existence, of an Environmental Emission
(including, without limitation, a sudden or non-sudden accidental or
non-accidental Environment Emission), of or exposure to, any substance,
chemical, material, pollutant, Contaminant, odor or audible noise or other
release or emission in, into or onto the environment (including, without
limitation, the air, ground, water or any surface) at, in, by, from or related
to any Equipment, (ii) the environment aspect of the transportation, storage,
treatment or disposal of materials in connection with the operation of any
Equipment or (iii) the violation, or alleged violation of any statutes,
ordinances, orders, rules, regulations, permits or licenses of, by or from any
governmental authority, agency or court relating to environmental matters
connected with any

<PAGE>   25
Equipment.

     (b)  "Affiliate" shall refer, with respect to any given Person, to any
Person that directly or indirectly through one or more intermediaries,
controls, or is controlled by, or is under common control with, such Person.

     (c)  "Contaminant" shall refer to those substances which are regulated by
or form the basis of liability under any Environmental Law, including, without
limitation, asbestos, polychlorinated biphenyls ("PCBs"), and radioactive
substances, or other material or substance which has in the past or could in
the future constitute a health, safety or environmental hazard to any Person,
property or natural resources.

     (d)  "Environmental Claim" shall refer to any accusation, allegation,
notice of violation, claim, demand, abatement or other order on direction
(conditional or otherwise) by any governmental authority or any Person for
personal injury (including sickness, disease or death), tangible or intangible
property damage, damage to the environment or other adverse effects on the
environment, or for fines, penalties or restrictions, resulting from or based
upon any Adverse Environmental Condition.

     (e)  "Environmental Emission" shall refer to any actual or threatened
release, spill, emission, leaking, pumping, injection, deposit, disposal,
discharge, dispersal, leaching or migration into the indoor or outdoor
environment, or into or out of any of the Equipment, including, without
limitation, the movement of any Contaminant or other substance through or in
the air, soil, surface water, groundwater or property.

     (f)  "Environmental Law" shall mean any federal, foreign, state or local
law, rule or regulation pertaining to the protection of the environment,
including, but not limited to, the Comprehensive Environmental Response,
Compensation and Liability Act ("CERCLA") (42 U.S.C. Section 9601 et seq.), the
Hazardous Material Transportation Act (49 U.S.C. Section 1801 et seq.), the
Federal Water Pollution Control Act (33 U.S.C. Section 1251 et seq.), the
Resource Conservation and Recovery Act (42 U.S.C. Section 6901 et seq.), the
Clean Air Act (42 U.S.C. Section 7401 et seq.), the Toxic Substances Control
Act (15 U.S.C. Section 2601 et seq.), the Federal Insecticide, Fungicide, and
Rodenticide Act (7 U.S.C. Section 1361 et seq.), and the Occupational Safety
and Health Act (19 U.S.C. Section 651 et seq.), as these laws have been amended
or supplemented, and any analogous foreign, federal, state or local statutes,
and the regulations promulgated pursuant thereto.

     (g)  "Environmental Loss" shall mean any loss, cost, damage, liability,
deficiency, fine, penalty or expense (including, without limitation, reasonable
attorneys' fees, engineering and other professional or expert fees),
investigation, removal, cleanup and remedial costs (voluntarily or
involuntarily incurred) and damages to, loss of the use of or decrease in value
of the Equipment arising out of or related to any Adverse Environmental
Condition.

     (h)  "Person" shall include any individual, partnership, corporation,
trust, unincorporated organization, government or department or agency thereof
and any other entity.

     Lessee shall fully and promptly pay, perform, discharge, defend, indemnify
and hold harmless Lessor and its Affiliates, successors and assigns, directors,
officers, employees and agents from and against any Environmental Claim or
Environmental Loss.

     The provisions of this Schedule shall survive any expiration or
termination of the Lease and shall be enforceable by lessor, its successors and
assigns.

     RETURN CONDITIONS: In addition to the provisions provided for in the
RETURN OF EQUIPMENT Section of the Lease, and provided that the Lessee has not
elected its option to purchase the Equipment, Lessee shall, at its expense:

     (a)  Upon the request of Lessor, Lessee shall no later than ninety (90)
days prior to the expiration or other termination of the Lease provide:

          (i) a detailed inventory of the Equipment (including the model and
serial number of each major component thereof), including, without limitation,
all internal circuit boards, module boards, and software features;

          (ii) a complete and current set of all manuals, equipment
configuration, setup and operation diagrams, maintenance records and other data
that may be reasonably requested by Lessor concerning the configuration and
operation of the Equipment; and

          (iii) a certification of the manufacturer or of a maintenance
provider acceptable to Lessor that the Equipment (1) has been tested and is
operating in accordance with manufacturers specifications (together with a
report detailing the condition of the Equipment), the results of such test(s)
and inspection(s) and all repairs that were performed as a result of such
test(s) and inspection(s) and (2) that the Equipment qualifies for the
manufacturers used equipment maintenance program.

     (b)  Upon the request of Lessor, Lessee shall, no later than sixty (60)
days prior to the expiration or other termination of the Lease, make the
Equipment available for on-site operational inspection by persons designated by
the Lessor who shall be duly qualified to inspect the Equipment in its
operational environment.

     (c)  All Equipment shall be cleaned and treated with respect to rust,
corrosion and appearance in accordance with manufacturers recommendations and
consistent with the best practices of dealers in used equipment similar to the
Equipment; shall have no Lessee installed markings or labels which are not
necessary for the operation, maintenance or repair of the Equipment; and shall
be in compliance with all applicable governmental laws, rules and regulations.

     (d)  The Equipment shall be deinstalled and packed by or under the
supervision of the manufacturer or such other person acceptable to Lessor in
accordance with manufacturers recommendations. Without limitation, all internal
fluids will either be drained and disposed of or filled and secured in
accordance with manufacturers recommendations and applicable governmental laws,
rules and regulations.

     (e)  Provide for transportation of the Equipment in a manner
consistent with the manufacturer's recommendations and practices to any
locations within the continental United States as Lessor shall direct; and
shall have the Equipment unloaded at such locations.

                                       3
<PAGE>   26
H.   PAYMENT AUTHORIZATION

     You are hereby irrevocably authorized and directed to deliver and apply
the proceeds due under this Schedule as follows:

<TABLE>
<CAPTION>
COMPANY NAME                             ADDRESS                              AMOUNT
------------                             -------                              ------
<S>                                      <C>                                  <C>
Advanced Systems Group, Inc.             12405 North Grant Street             $286,319.00
                                         Thornton, CO 80241

Broadcast Supply Worldwide               7012 - 27th Street West              $ 26,454.24
                                         Tacoma, WA 98466

Broadcast Software International         1925 Bailey Hill Road, Suite A       $  9,426.00
                                         Eugene, OR 97405

Engage Technologies                      100 Brookstone Square, 1st Floor     $ 52,608.00
                                         Andover, MA 01810

Kent Datacomm                            P.O. Box 201523                      $ 61,634.85
                                         Houston, TX 77216-1523

Oracle                                   Per Wire Instructions:               $  6,976.58
                                         Wells Fargo Bank
                                         Chicago, IL
                                         ABA# 121000248
                                         Account # 4522-020841

Pacific Research & Engineering Corp.     2070 Las Palmas Drive                $ 11,555.00
                                         Carlsbad, CA 92009

Vignette Corporation                     901 S. MoPac Expwy                   $593,100.00
                                         Building 3
                                         Austin, TX 78746
</TABLE>

     This authorization and direction is given pursuant to the same authority
authorizing the above-mentioned financing.

     Except as expressly modified hereby, all terms and provisions of the
Agreement shall remain in full force and effect. This Schedule is not binding
or effective with respect to the Agreement or Equipment until executed on
behalf of Lessor and Lessee by authorized representatives of Lessor and Lessee,
respectively.

     IN WITNESS WHEREOF, Lessee and Lessor have caused this Schedule to be
executed by their duly authorized representatives as of the date first above
written.

LESSOR:                                 LESSEE:

GENERAL ELECTRIC CAPITAL CORPORATION    goracing.com, inc.

By:                                     By: /s/ CHRIS BESING
    --------------------------------        ------------------------------------

Name:                                   Name: CHRIS BESING
      ------------------------------          ----------------------------------

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

                                       4
<PAGE>   27
                             Collateral Schedule A
                                       to
                                Schedule No. 02

<TABLE>
<CAPTION>

                                            ADVANCED SYSTEMS GROUP
                      VENDOR
  SERIAL NUMBER       ITEM#                      DESCRIPTION                     QUANTITY      HARDWARE           SOFTWARE
<S>                   <C>                <C>                                      <C>          <C>               <C>
===============================================================================================================================
                       MD-NBS-1500-0       NETBACKUP FOR SUN MEDIA & DOC KIT         1                             $   200.00
                       SL-NBS1-1500-0      NETBACKUP SERVER LICENSE FOR SUN          2                             $11,900.00
                       DS-NBS1-1500-0      DIRECT ASSIST SUPPORT                     2                             $ 2,602.00
                       SL-NBC1-1500-2      NETBACKUP CLIENT/1 LICENSE F/SOLARIS     32                             $15,680.00
                       DS-NBC1-1500-2      DIRECT ASSIST SUPPORT                    32                             $ 3,424.00
                       MD-NBC1-1400-0      NBU MEDIA/DOCS (SOLARIS X86)              1                             $   100.00
                       SL-NBC1-1400-2      NBU CLIENT LIC (SOLARIS X86)              2                             $   980.00
                       DS-NBC1-1400-2      NBU CLIENT SUPPORT (SOLARIS X86)          2                             $   214.00
                       MD-NBD1-1500-0      NBU DB EXT MEDIA/DOC KIT-ORACLE, SYSBAS   1                             $   100.00
                       SL-NBO1-1500-2      NBU DATABASE EXTENSION FOR ORACLE-LI      1                             $ 3,500.00
                       DS-NBO1-1500-2      DIRECT SUPPORT: NBU DATABASE EXTENSION    1                             $   765.00
                       SL-NHR1-1500-4      NBU ROBOTIC SUPPORT - TIER 4              1                             $17,500.00
                       DS-NHR1-1500-4      NBU SUPPORT - ROBOTICS TIER 4             1                             $ 3,825.00
                       SL-NAR-1500-4       NBU ROBOTIC SUPPORT - TIER 4 2ND CONNEC   1                             $ 7,000.00
                       DS-NAR1-1500-4      NBU SUPPORT - ROBOTICS TIER 4 2ND         1                             $ 1,530.00
                       CS-NBV1-9900-1      VERITAS VAULT EXTENSION                   1                             $15,000.00
                       CS-NBV3-9900-1      SUPPORT - VERITAS VAULT EXTENSION         1                             $ 2,550.00
                       99-0161-01          SCALAR 1000 DLT CNTRL MOD, 6 DRIVE BAYS   1         $36,800.00
                       93-1170-02          SCALAR 100/DLT DRIVE MODULE DLT7000, H    6         $45,000.00
                       X1065A              ULTRA F/W/D SCSI ADAPTER                  4         $ 3,936.00
                       S979A               OPT CABLE DSCSI 12M                       4         $ 1,060.00
                       X5235A              9, 1GB, 1000RPM EXP DISK FOR A1000/D10    2         $ 2,070.00
                       ASG-INSTALL         ASG INSTALLATION SERVICES                 1                             $23,500.00
                       99-0170-01          SCALAR 1000 ON-SITE INSTALLATION          1                             $ 1,500.00
                       A26-AA-R            ENTERPRISE 250 SERVER BASE/RACKMOUNT      2         $ 7,948.00
                                           937h3075
                                           937h307C
                       X119A               400MHZ-2MB ULTRASPARC - 11 PROCESSOR MO   4         $20,160.00
                                           19316
                                           22770
                                           W/937H3075
                                           W/937H307C
                       X7004A              256MB FOR ULTRA (2X128MB)                 8         $10,800.00
                       X5234A              9, GB 1000 - RPM ULTRASCSI HARD DRIVE    12         $11,880.00
                       X3668A              PGX32 8BIT COLOR FRAME BUFFER W/          2         $   532.00
                       X9683A              REDUNDANT POWER SUPPLY                    2         $ 1,252.00
</TABLE>

                               goracing.com, inc.                             1

<PAGE>   28
                             Collateral Schedule A
                                       to
                                Schedule No. 02

                             ADVANCED SYSTEMS GROUP

<TABLE>
<CAPTION>
                      VENDOR
SERIAL NUMBER         ITEM #                        DESCRIPTION                 QUANTITY     HARDWARE    SOFTWARE
-------------   -----------------   -----------------------------------------   --------     ---------   ---------
<S>             <C>                 <C>                                         <C>          <C>         <C>
                X1032A              100BT & F/W SCSI PCI ADAPTER                    2        $1,512.00
                SL-WEB1-1500-1      WEB EDITION - LICENSE ONLY, TIER 2 W/V          2                    $7,744.00
                DS-WEB1-1500-1      WEB EDITION - DIRECT ASSIST SUPPORT ON          2                    $1,834.00
                X311L               POWER CORD                                      4        $      --
                IS-ESB              ENTERPRISE SYSTEM BUILD BY ACCESS INTE          2        $      --
                ASG-INSTALL         ASG INSTALLATION SERVICES                       2                    $3,990.00
                SUN-SPECTRUM13      SUN SPECTRUM MAINTENANCE                        2                    $3,876.00
                A21UHC1A9P-B256CP   ULTRA 5, 333MHZ, 256MB, 9GB, CD, PGX G          1        $3,641.00
                X7119A              19" COLOR MONITOR                               1        $  711.00
                ISOL-2.6-USL-P      SOLARIS 2.6 FOR X86 WGS MEDIA, LICENSE          3                    $2,085.00
                X3515A              UNIX TYPE-6 KEYBOARD - U.S./IN AMERICAN         1        $      --
                SUN-SPECTRUM17      SUN SPECTRUM MAINTENANCE                        1                    $  429.00
                ASG-INSTALL         ASG INSTALLATION SERVICES                       1                    $  995.00
                SG-XARY030A         72" STOREGE EXPANSION RACK                      2        $5,700.00
                X9818A              FRONT DOOR ASSEMBLY FOR 72" CABINET             1        $  494.00
                X3858A              POWER CORD FOR A3500, DOMESTIC                  2        $      --
Invoice #
006655-6714-6718-6719F

</TABLE>

                               goracing.com,inc.                               2
<PAGE>   29
                             Collateral Schedule A
                                       to
                                Schedule No. 02

                        BROADCAST SOFTWARE INTERNATIONAL

<TABLE>
<CAPTION>
                      VENDOR
SERIAL NUMBER         ITEM #                        DESCRIPTION                 QUANTITY     HARDCOST    SOFTWARE
-------------   -----------------   -----------------------------------------   --------     ---------   ---------
<S>             <C>                 <C>                                         <C>          <C>         <C>
                WSR                 WaveStation-Digital Audio Automation            1                     $900.00
                STR                 STINGER                                         2                     $398.00
                CMR                 Call Master                                     1                     $349.00
                CPRO                Cool Edit Pro 1.1                               1                     $349.00
                ASI4113             AudioScience ASI4113 - Triple Play,             3         $7,185.00
                                      Single Record Balanced Audio Adaptor
                Tele.Training       Telephone Training - Buy 2 hours get 1 hour     2                     $100.00
                                      free special
                Shipping            Prep, Handling & Insured Shipping                                     $ 46.00

</TABLE>

                                                                               3
<PAGE>   30
                             Collateral Schedule A
                                       to
                                Schedule No. 02

                           BROADCAST SUPPLY WORLDWIDE

<TABLE>
<CAPTION>
SERIAL NUMBER            VENDOR ITEM #                 DESCRIPTION               QUANTITY       HARDCOST          SOFTWARE
---------------------------------------------------------------------------------------------------------------------------
<S>                      <C>                   <C>                                <C>             <C>              <C>
                         DNM2000R              MINIDISC DJ RECORDER/PLAYER             3           $1,866.00
                         DN2500F               CD PLAYER, DUAL TRANSPORT DJ            2           $1,992.28
                         K240M                 HEADPHONE                               6           $  450.00
                         610                   BROADCAST AUDIO DELAY                   1           $2,194,00
                         501                   SINGLE CHANNEL COMP/LIMITER             2           $  596.00
                         2200                  OPTIMOD, FM ANALOG I/O                  1           $3,670,00
                         HSC200SR              BROADCAST ELECTRET HEADSET              2           $  370.00
                         DT190                 HEADSET W/INSTALLED CONNECTO            4           $1,096,00
                         RE20                  MICROPHONE, DYNAMIC CARDIOID            6           $2,220.00
                         309A                  SHOCK MOUNT FOR RE20                    6           $  549.90
                         MS12C                 MIC STAND, FLOOR                        3           $   65.16
                         LM1-3BLK              MIC BOOM, HEAVY DUTY 3LB, BLA           5           $  244.20
                         WS1BLU                WINDSCREEN, RE20/MD421U-NAVY            3           $   49.56
                         WS1GR                 WINDSCREEN, RE20/MD421U-GREEN           3           $   49.56
                         M25                   MIC CABLE, 25' LOW Z #SMM25             5           $   35.65
                         M10                   MIC CABLE, 10' LOW Z #SMM10             5           $   34.80
                         SMM5                  MIC CABLE, MALE TO FEMALE XLR           5           $   29.40
                         420                   AMPLIFIER, POWER-STEREO                  2           $  597.68
                         NS10MS                SPEAKERS, MONITOR-PAIR                  2           $  654.00
                         HA6A                  AMPLIFIER, HEADPHONE                    1           $  274.00
                         528E                  VOICE PROCESSOR                         2           $1,032.00
                         8451BLKBOX            CABLE, IN BOX, 1000' - BLACK            1           $   80.00
                         CW2K12X12CH           CUTTING WEDGE 2000, 12" X 12" - CHA   256           $  596.48
                         CW2K2X4CH             CUTTING WEDGE 2000, 2 X 4 - CHARC     128           $2,387.20
                         FREIGHT CHAR          MISC. FREIGHT CHARGE                    1           $  350.00
                         220                   DIRECT INTERFACEMODULE (DIM)            1           $1,691.00
                         310                   SWITCH CONSOLE                          1           $  600.00
                         140                   DIGITAL HYBRID, 200 DELTA               1           $1,636.00
                         900#                  TELOS MYTEL 0702-000                    1           $  270.00
                         AW                    LIGHT, ON AIR, SINGLE LENDS, WAL        1           $   97.91
                         RW                    LIGHT, RECORDING, SINGLE LENS           1           $   97.91
                         AC                    LIGHT, ON AIR, DUAL LENS, WALL          1           $  115.51
                         RC                    LIGHT, RECORDING, SUAL LENDS, WALL      2           $  231.02
                         900#                  PROLITE BC BLACK CEILING DOUB           2           $  231.02
</TABLE>

                               goracing.com, inc.                            4
<PAGE>   31
                             Collateral Schedule A
                                       to
                                Schedule No. 02

                           ENGAGE TECHNOLOGIES, INC.

<TABLE>
<CAPTION>
SERIAL NUMBER         VENDOR ITEM #              DESCRIPTION                             QUANTITY       HARDCOST       SOFTWARE
---------------------------------------------------------------------------------------------------------------------------------
<S>                   <C>                <C>                                                <C>          <C>           <C>
                                         Accipiter Gold License Upgrade                       1                        $32,600.00
                                         Pro-rated Support Contract Upgrade (Until 11/31/1    1                        $ 1,358.00
                                         Annual Support Contract (Until 11/3/2000)            1                        $11,150.00
                                         Consulting for transition to UNIX                    5                        $ 7,500.00
</TABLE>

                               goracing.com, inc.                            5
<PAGE>   32
                             Collateral Schedule A
                                       to
                                Schedule No. 02

<TABLE>
<CAPTION>
                                 KENT DATACOMM

                 VENDOR
SERIAL NUMBER    ITEM#                             DESCRIPTION                                QUANTITY   HARDWARE  SOFTWARE
----------------------------------------------------------------------------------------------------------------------------
<S>            <C>                    <C>                                                        <C>    <C>         <C>
               NM-16AM=               16 Port Analog Modem Network Module, Spare                  1     $ 3,168.00
               WIC-1DSU-T1=           1-Port T1/Fractional T1 DSU/CSU WAN Interface Card          1     $   720.00
               CSNT-2.3               CiscoSecure ACS V2.3 for Windows NT                         1     $ 3,240.00
               WS-G5484=              1000BASE-SX "Short Wavelength GBIC" (Mullimode on)         10     $ 3,600.00
               WS-X6248-RJ-45=        Catalyst 6000 48-port 10/100 RJ-45 Module, Spare            3     $28,069.20
               15951                  DalaSMART T3/E3 IDSU, AC                                    2     $ 6,892.50
               C7200-I/O=             Cisco 7200 Input/Output Controller, Spare                   2     $ 1,440.00
               RETURN - C7200-I/O-FE  Cisco 7200 Input/Output Controller with Fast Ethernet Port  2     $(3,600.00)
               MEM-SD-NPE-128MB       128MB Memory Upgrade Kit for NPE-30                         2     $ 3,456.00
               WS-X6302-MSM           Catalyst 6000 Multilayer Switch Module                      1     $14,396.40
               SFC6-MSM-12.0.1W       Catalyst 6000 MSM IP/IP-Multicast Routing Feature Set       1     $       --
               WS-X6302-MSM           Catalyst 6000 Multilayer Switch Module                      1     $       --
               SFC6-MSM-12.0.1W       Catalyst 6000 MSM IP/IP-Multicast Routing Feature Set       1     $       --
                                      Shipping                                                                       $252.75
</TABLE>

                               goracing.com, inc.                             6

<PAGE>   33
                             Collateral Schedule A
                                       to
                                Schedule No. 02

<TABLE>
<CAPTION>
                                     ORACLE

                 VENDOR
SERIAL NUMBER    ITEM#                             DESCRIPTION                                QUANTITY   HARDCOST  SOFTCOST
----------------------------------------------------------------------------------------------------------------------------
<S>            <C>                    <C>                                                        <C>    <C>        <C>
                                      Silver Advance Service for Oracle Design                    1                $1,680.00
                                      Designer & Oracle Toos CD Pack v1 for                       1                $5,296.58
                                      Microsoft Windows 95/98/N
</TABLE>

                               goracing.com, inc.                             7

<PAGE>   34
                             Collateral Schedule A
                                       to
                                Schedule No. 02

<TABLE>
<CAPTION>
                                           PACIFIC RESEARCH & ENGINEERING
                   VENDOR
SERIAL NUMBER      ITEM #                  DESCRIPTION                           QUANTITY     HARDCOST      SOFT COST
----------------------------------------------------------------------------------------------------------------------
<S>               <C>          <C>                                                  <C>      <C>            <C>
                  99-970-1     12-Input Airwave Mainframe Assembly                   1       $ 3,439.00
                   99-962      Stereo Line Input Module                             11       $ 6,006.00
                   99-963      Telephone Line Input/Mix-Minus Output Module          1       $   615.00
                  99-1109      Audio Wiring System for Airwave-12 Console            1       $ 1,495.00
</TABLE>

                               goracing.com, inc.                              8
<PAGE>   35
                             Collateral Schedule A
                                       to
                                Schedule No. 02

<TABLE>
<CAPTION>
                                                   VIGNETTE CORPORATION
                VENDOR
SERIAL NUMBER   ITEM #                          DESCRIPTION                      QUANTITY     PRICE/EA.     HARDCOST    SOFT COST
----------------------------------------------------------------------------------------------------------------------------------
<S>            <C>                   <C>                                              <C>   <C>             <C>        <C>
               SS-Department         StoryServer Live Delivery Server License         2     $100,000.00                $200,000.00
               Page Views-2000K      StoryServer Page View License 2000K/Day          6      $40,000.00                $240,000.00
               SS-Developer-5VDC-5   StoryServer Template Developer License           1                                 $20,000.00
               SS-SM                 StoryServer Updates and Web-Based Support        1                                $107,100.00
               SS-TS-2               StoryServer Phone Support                        1                                 $10,000.00
               VT-CSS0S4             StoryServer Training                             1                                 $16,000.00
</TABLE>
                               goracing.com, inc.                              9
<PAGE>   36
(8/91)                               ANNEX C
                                       TO
                                SCHEDULE NO. 02
                           TO MASTER LEASE AGREEMENT
                           DATED AS OF August 9, 1999

                           CERTIFICATE OF ACCEPTANCE

To:  GENERAL ELECTRIC CAPITAL CORPORATION (together with its successors and
     assigns, if any, "LESSOR")

     Pursuant to the provisions of the above schedule and lease (collectively,
the "LEASE"), Lessee hereby certifies and warrants that (a) all Equipment
listed below has been delivered and installed (if applicable); (b) Lessee has
inspected the Equipment, and all such testing as it deems necessary has been
performed by Lessee, Supplier or the manufacturer; (c) Lessee accepts the
Equipment for all purposes of the Lease, the purchase documents and all
attendant documents; and (d) the Equipment was first delivered to Lessee within
ten (10) days of the date hereof.

     Lessee does further certify that as of the date hereof (i) Lessee is not
in default under the Lease; (ii) the representations and warranties made by
Lessee pursuant to or under the Lease are true and correct on the date hereof
and (iii) Lessee has reviewed and approves of the purchase documents for the
Equipment, if any.

                            DESCRIPTION OF EQUIPMENT
<TABLE>
<CAPTION>
 NUMBER
OF UNITS      MANUFACTURER           SERIAL NUMBERS      MODEL AND TYPE OF EQUIPMENT
--------      ------------           --------------      ---------------------------
<S>           <C>                    <C>                 <C>
              Numerous                                   Computers, software and the various
                                                         equipment needed for installation
                                                         and running of the system.
</TABLE>

     SEE COLLATERAL SCHEDULE A ATTACHED TO EQUIPMENT SCHEDULE NO. 2 FOR THE
                      VARIOUS EQUIPMENT SOFTWARE AND COST.

Equipment immediately listed above is located at: 1480 S. Hohokam Drive, Tempe,
Maricopa County, AZ 85281

                                             goracing.com, inc.

                                             By:    /s/ Chris Besing
                                                    ---------------------
                                             Title: Chris Besing CEO
                                                    ---------------------
                                             Dated: 11/5/99
                                                    ---------------------
<PAGE>   37
[GE logo]  General Electric Capital Corporation
--------------------------------------------------------------

<TABLE>
<CAPTION>
                                             ------------------------------------------------------
                                             Billing Id.         Invoice No.         Due Date
                                             ------------------------------------------------------
                                             <S>                 <C>                 <C>
                                             4092172-02                              11/05/1999
                                             ------------------------------------------------------
                                                                 Current Due         Total Due
                                             ------------------------------------------------------
                                                                 $                   $34,660.52
                                             ------------------------------------------------------
</TABLE>
MAKE CHECKS PAYABLE AND REMIT TO:

GENERAL ELECTRIC CAPITAL CORPORATION
5400 LBJ FREEWAY, SUITE 1280,
ONE LINCOLN CENTRE, L.B.3
DALLAS, TX 75240
ATTN: VICKI A. BRACHES

                                        goracing.com,inc.
                                        1480 Hohokam Drive
                                        Tempe, AZ 85281
                                        Attn: Dean Jargo
To ensure proper credit-detach along dotted line and return upper portion with
payment.

                                                  Please do not staple or fold.
--------------------------------------------------------------------------------

[GE logo] General Electric Capital Corporation

________________________________________________________________________________

<TABLE>
<CAPTION>
                    BILLING ID.         CUSTOMER NO.        OFFICE ID.          CUSTOMER SERVICE
                    <S>                 <C>                 <C>                 <C>
                    4092172-002                             8230                1-800-YES-GECC
                    INVOICE NO.         INVOICE DATE        DUE DATE            TOTAL DUE
                                        11/03/99            11/05/99            $34,660.52
</TABLE>

goracing.com,inc.
1480 Hohokam Drive
Tempe, AZ 85281
Attn: Dean Jargo

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------
          ACCOUNT             DUE DATE                 DESCRIPTION                      AMOUNT
--------------------------------------------------------------------------------------------------------
     <S>                    <C>                    <C>                                  <C>
       4092172-002            11/03/99              1st Payment                               $31,806.82
                                                    Sales Tax @ 7.40%                         $ 2,353.70
                                                    Documentation Fee                          $  500.00
--------------------------------------------------------------------------------------------------------
</TABLE>

RETAIN THIS PORTION
<PAGE>   38
hSLB/CS(R062599)

                               FURNITURE SCHEDULE
                                SCHEDULE NO. 003
                              DATED THIS 12/29/99
                           TO MASTER LEASE AGREEMENT
                           DATED AS OF August 9, 1999

<TABLE>
<CAPTION>
Lessor & Mailing Address:                                   Lessee & Mailing Address:
-------------------------                                   -------------------------
<S>                                                         <C>
GENERAL ELECTRIC CAPITAL CORPORATION                        goracing.com, inc.
ONE LINCOLN CENTRE, 5400 LBJ FREEWAY SUITE 1280, L.B. 3     4707 E. BASELINE ROAD
DALLAS, TX 75240                                            PHOENIX, AZ 85040
</TABLE>

This Schedule is executed pursuant to, and incorporates by reference the terms
and conditions of, and capitalized terms not defined herein shall have the
meanings assigned to them in, the Master Lease Agreement identified above
("AGREEMENT" said Agreement and this Schedule being collectively referred to as
"LEASE"). This Schedule, incorporating by reference the Agreement, constitutes a
separate instrument of lease.

A.  EQUIPMENT: Subject to the terms and conditions of the Lease, Lessor agrees
    to Lease to Lessee the Equipment described below (the "EQUIPMENT").

<TABLE>
<CAPTION>
    NUMBER       CAPITALIZED
    OF UNITS     LESSOR'S COST     MANUFACTURER                SERIAL NUMBER     MODEL AND TYPE OF EQUIPMENT
    <S>          <C>               <C>                         <C>               <C>
    1            $800,000.00        Misc. Furniture & Fixtures                   All of Debtor's now owned and hereafter
                                                                                 acquired furniture and fixtures, together
                                                                                 with all parts, attachments, accessories,
                                                                                 substitutions, repairs, improvements and
                                                                                 replacements thereto, and any proceeds
                                                                                 thereof, including but not limited to
                                                                                 insurance proceeds.
</TABLE>

    Equipment immediately listed above is located at: 1480 S. Hohokam Drive,
    Tempe, Maricopa County, AZ 85281

B.  FINANCIAL TERMS

<TABLE>
    <S>                                            <C>
    1. Advanced Rent (if any): NOT APPLICABLE      5. Basic Term Commencement Date: JANUARY 2, 2000

    2. Capitalized Lessor's Cost: $800,000.00      6. Lessee Federal Tax ID No.: 860956244

    3. Basic Term (No. of Months): 60 MONTHS.      7. Last Delivery Date: DECEMBER 29, 1999

    4. Basic Term Lease Rate Factor: 1.8941903%    8. Daily Lease Rate Factor: .0613968%
</TABLE>

    9. First Termination Date: Thirty-six (36) months after the Basic Term
       Commencement Date.

   10. Interim Rent: For the period from and including the Lease Commencement
       Date to but not including the Basic Term Commencement Date ("Interim
       Period"), Lessee shall pay as rent ("Interim Rent") for each unit of
       Equipment, the product of the Daily Lease Rate Factor times the
       Capitalized Lessor's Cost of such unit times the number of days in the
       Interim Period. Interim Rent shall be due on JANUARY 1, 2000.

   11. Basic Term Rent. Commencing on JANUARY 2, 2000 and on the same day of
       each month thereafter (each, a "Rent Payment Date") during the Basic
       Term, Lessee shall pay as rent ("Basic Term Rent") the product of the
       Basic Term Lease Rate Factor times the Capitalized Lessor's Cost of all
       Equipment on this Schedule.

C.  TAX BENEFITS     Depreciation Deductions:

    1. Depreciation method is the 200% declining balance method, switching to
       straight line method for the 1st taxable year for which using the
       straight line method with respect to the adjusted basis as of the
       beginning of such year will yield a larger allowance.

    2. Recovery Period: 7 YEARS

    3. Basis: 100% OF THE CAPITALIZED LESSOR'S COST.
<PAGE>   39
D.   PROPERTY TAX

APPLICABLE TO EQUIPMENT LOCATED AT 1480 S. HOHOKAM DRIVE, TEMPE, MARICOPA
COUNTY, AZ 85281: Lessee agrees that it will not list any of such Equipment for
property tax purposes or report any property tax assessed against such Equipment
until otherwise directed in writing by Lessor. Upon receipt of any property tax
bill pertaining to such Equipment from the appropriate taxing authority, Lessor
will pay such tax and will invoice Lessee for the expense. Upon receipt of such
invoice, Lessee will promptly reimburse Lessor for such expense.

Lessor may notify Lessee (and Lessee agrees to follow such notification)
regarding any changes in property tax reporting and payment responsibilities.

E.   ARTICLE 2A NOTICE

IN ACCORDANCE WITH THE REQUIREMENTS OF ARTICLE 2A OF THE UNIFORM COMMERCIAL CODE
AS ADOPTED IN THE APPLICABLE STATE, LESSOR HEREBY MAKES THE FOLLOWING
DISCLOSURES TO LESSEE PRIOR TO EXECUTION OF THE LEASE, (A) THE PERSON(S)
SUPPLYING THE EQUIPMENT IS goracing.com,inc. (THE "SUPPLIER(S)"), (B) LESSEE IS
ENTITLED TO THE PROMISES AND WARRANTIES, INCLUDING THOSE OF ANY THIRD PARTY,
PROVIDED TO THE LESSOR BY SUPPLIER(S), WHICH IS SUPPLYING THE EQUIPMENT IN
CONNECTION WITH OR AS PART OF THE CONTRACT BY WHICH LESSOR ACQUIRED THE
EQUIPMENT AND (C) WITH RESPECT TO SUCH EQUIPMENT, LESSEE MAY COMMUNICATE WITH
SUPPLIER(S) AND RECEIVE AN ACCURATE AND COMPLETE STATEMENT OF SUCH PROMISES AND
WARRANTIES, INCLUDING ANY DISCLAIMERS AND LIMITATIONS OF THEM OR OF REMEDIES. TO
THE EXTENT PERMITTED BY APPLICABLE LAW, LESSEE HEREBY WAIVES ANY AND ALL RIGHTS
AND REMEDIES CONFERRED UPON A LESSEE IN ARTICLE 2A AND ANY RIGHTS NOW OR
HEREAFTER CONFERRED BY STATUTE OR OTHERWISE WHICH MAY LIMIT OR MODIFY ANY OF
LESSOR'S RIGHTS OR REMEDIES UNDER THE DEFAULT AND REMEDIES SECTION OF THE
AGREEMENT.

F.   STIPULATED LOSS AND TERMINATION VALUE TABLE*

<TABLE>
<CAPTION>

          Termination    Stipulated               Termination    Stipulated
          Value          Loss Value               Value          Loss Value
Rental    Percentage     Percentage     Rental    Percentage     Percentage

 <C>     <C>            <C>              <C>     <C>            <C>
   1      103.721        107.735          31      64.317         70.435
   2      102.601        106.685          32      62.842         69.031
   3      101.452        105.607          33      61.359         67.618
   4      100.273        104.498          34      59.867         66.196
   5       99.083        103.377          35      58.362         64.762
   6       97.881        102.246          36      56.849         63.319
   7       96.668        101.102          37      55.327         61.867
   8       95.443         99.948          38      53.793         60.403
   9       94.207         98.783          39      52.247         58.927
  10       92.960         97.605          40      50.693         57.443
  11       91.701         96.417          41      49.131         55.951
  12       90.431         95.217          42      47.560         54.451
  13       89.149         94.005          43      45.982         52.943
  14       87.856         92.782          44      44.392         51.422
  15       86.552         91.548          45      42.793         49.894
  16       85.238         90.305          46      41.186         48.357
  17       83.915         89.052          47      39.568         46.809
  18       82.582         87.789          48      37.946         45.257
  19       81.239         86.516          49      36.313         43.694
  20       79.885         85.232          50      34.669         42.121
  21       78.521         83.938          51      33.014         40.536
  22       77.147         82.634          52      31.348         38.941
  23       75.762         81.319          53      29.671         37.334
  24       74.367         79.994          54      27.983         35.716
  25       72.961         78.659          55      26.284         34.087
  26       71.545         77.313          56      24.573         32.446
  27       70.116         75.954          57      22.851         30.794
  28       68.679         74.587          58      21.117         29.131
  29       67.234         73.212          59      19.372         27.456
  30       65.779         71.828          60      17.615         25.769

</TABLE>
<PAGE>   40
     *The Stipulated Loss Value or Termination Value for any unit of Equipment
     shall be the Capitalized Lessor's Cost of such unit multiplied by the
     appropriate percentage derived from the above table. In the event that the
     Lease is for any reason extended, then the last percentage figure shown
     above shall control throughout any such extended term.

G.   MODIFICATIONS AND ADDITIONS FOR THIS SCHEDULE ONLY

     For purposes of this Schedule only, the Agreement is amended as follows:

     1.   The LEASING Section subsection (b) of the Lease is hereby deleted in
          its entirety and the following substituted in its stead:

          (b) The obligation of Lessor to purchase the Equipment from Lessee and
     to lease the same to Lessee shall be subject to receipt by Lessor, on or
     prior to the earlier of the Lease Commencement Date or Last Delivery Date
     therefor, of each of the following documents in form and substance
     satisfactory to Lessor: (i) a Schedule for the Equipment (ii) evidence of
     insurance which complies with the requirements of the INSURANCE Section of
     the Lease, and (iii) such other documents as Lessor may reasonably request.
     Once the Schedule is signed, the Lessee may not cancel the Lease.

     2.   The DELIVERY, USE AND OPERATION Section subsection (a) of the Lease
          shall be deleted and the following substituted in its stead:

          The parties acknowledge that this is a sale/leaseback transaction and
          the Equipment is in Lessee's possession as of the Lease Commencement
          Date.

     3.   BILL OF SALE

          Lessee, in consideration of the Lessor's payment of the amount set
     forth in B 2 above, which includes any applicable sales taxes (which
     payment Lessee acknowledges), hereby grants, sells, assigns, transfers and
     delivers to Lessor the Equipment along with whatever claims and rights
     Seller may have against the manufacturer and/or Supplier of the Equipment,
     including but not limited to all warranties and representations. At Lessors
     request Lessee will cause Supplier to deliver to Lessor a written statement
     wherein the Supplier (i) consents to the assignment to Lessor of whatever
     claims and rights Lessee may have against the Supplier, (ii) agrees not to
     retain any security interest, lien or other encumbrance in or upon the
     Equipment at any time, and to execute such documents as Lessor may request
     to evidence the release of any such encumbrance, and (iii) represents and
     warrants to Lessor (x) that Supplier has previously conveyed full title to
     the Equipment to Lessee, (y) that the Equipment was delivered to Lessee and
     installation completed, and (z) that the final purchase price of the
     Equipment (or a specified portion of such purchase price) has been paid by
     Lessee.

          Lessor is purchasing the Equipment for leasing back to Lessee pursuant
     to the Lease. Lessee represents and warrants to Lessor that (i) Lessor will
     acquire by the terms of this Bill of Sale good title to the Equipment free
     from all liens and encumbrances whatsoever; (ii) Lessee has the right to
     sell the Equipment; and (iii) the Equipment has been delivered to Lessee in
     good order and condition, and conforms to the specifications, requirements
     and standards applicable thereto; and (iv) the equipment has been
     accurately labeled, consistent with the requirements of 40 CFR part 82
     Subpart E, with respect to products manufactured with a controlled
     (ozone-depleting) substance.

          Lessee agrees to save and hold harmless Lessor from and against any
     and all federal, state, municipal and local license fees and taxes of any
     kind or nature, including, without limiting the generality of the
     foregoing, any and all excise, personal property, use and sales taxes, and
     from and against any and all liabilities, obligations, losses, damages,
     penalties, claims, actions and suits resulting therefrom and imposed upon,
     incurred by or asserted against Lessor as a consequence of the sale of the
     Equipment to Lessor.

     4.   ACCEPTANCE

          Pursuant to the provisions of the Lease, as it relates to this
     Schedule, Lessee hereby certifies and warrants that (i) all Equipment
     listed above has been delivered and installed (if applicable); (ii) Lessee
     has inspected the Equipment, and all such testing as it deems necessary has
     been performed by Lessee, Supplier or the manufacturer; and (iii) Lessee
     accepts the Equipment for all purposes of the Lease, the purchase documents
     and all attendant documents.

          Lessee does further certify that as of the date hereof (i) Lessee is
     not in default under the Lease; (ii) the representations and warranties
     made by Lessee pursuant to or under the Lease are true and correct on the
     date hereof and (iii) Lessee has reviewed and approves of the purchase
     documents for the Equipment, if any.

     5.   EQUIPMENT SPECIFIC PROVISIONS

     RETURN PROVISIONS: In addition to the provisions provided for in the RETURN
     OF EQUIPMENT Section of the Lease, and provided that Lessee has elected not
     to exercise its option to purchase the Equipment, Lessee shall, at its
     expense:

          (a) at least ninety (90) days and not more than one hundred twenty
     (120) days prior to lease termination: (i) ensure Equipment has been
     maintained, and is operating, within manufacturer's specifications; and;
     (ii) cause manufacturer's representative or other qualified maintenance
     provider, acceptable to Lessor, to perform a physical inspection and test
     of all the components and capabilities of the Equipment and provide a full
     inspection report to Lessor, and

<PAGE>   41
that there shall be no missing screws, bolts, fasteners, etc.; the furniture
will be free from all large scratches, marks, gouges, dents, discoloration or
stains; all drawers, runners, and locks will be in good working condition to
include keys; and there shall be no evidence of extreme use or overloading,
i.e. bowed or sagging shelves; (iii) if during such inspection the Equipment is
found not to be in compliance with the above, then Lessee shall remedy them per
the Lease Agreement and provide a follow-up inspection to verify the Equipment
meets the return provisions.

     (b) Upon lease termination, Lessee shall (i) have the manufacturer's
representative or other person acceptable to Lessor de-install all Equipment
including all wire, cable, and mounting hardware; (ii) if applicable, ensure
all necessary permits and labor are obtained to deliver the Equipment; (iii)
the Equipment shall be packed properly and in accordance to the manufacturer's
recommendations; (iv) the Lessee shall provide for the transportation of the
Equipment in a manner consistent with the manufacturer's recommendations and
practices to any locations within the continental United States as Lessor shall
direct; and shall have the Equipment unloaded at such locations; (v) at
Lessor's choice, either (1) allow Lessor, at Lessor's expense, and provided
Lessor has provided reasonable notice to Lessee, to arrange for an on-site
auction of the Equipment which will be conducted in a manner that will not
interfere with the Lessee's business operations, or (2) Lessee shall provide
free safe storage for the Equipment for a period not to exceed sixty (60) days
from the Lease expiration.

6. LEASE TERM OPTIONS

   EARLY LEASE TERM OPTIONS

     The Lease is hereby amended by adding the following to the end thereof:

     CANCELLATION OPTION:

     (a) So long as no default exists hereunder and expressly provided that all
of the terms and conditions of this Provision are fulfilled, Lessee may cancel
the Agreement as to all (but not less than all) of the Equipment on this
Schedule as of any one of the Cancellation Dates set forth below (each, a
"Cancellation Date") upon at least 90 days prior written notice (the "Notice
Date") to Lessor (which notice shall be irrevocable and shall be sent to the
attention of Lessor's Asset Management Organization, 44 Old Ridgebury Road,
Danbury, CT 06810-5105). Such notice shall state the Cancellation Date, which
shall apply. If all of the terms and conditions of this Provision are not
fulfilled, this Lease shall continue in full force and effect and Lessee shall
continue to be liable for all obligations thereunder, including, without
limitation, the obligation to continue paying rent.

     (b) Prior to the Cancellation Date, Lessee shall

         (i)  pay to Lessor, as additional rent, (A) the Cancellation Value
(set forth below for the applicable Cancellation Date) for the Equipment, plus
(B) all rent and all other sums due and unpaid as of the Cancellation Date
(including, but not limited to, any Rent payment due and payable on the
Cancellation Date and any sales taxes and property taxes); and

         (ii) return the Equipment in full compliance with the RETURN OF
EQUIPMENT Section of the Lease, such compliance being independently verified by
an independent appraiser selected by Lessor (reasonably acceptable to Lessee)
to determine that the Equipment is in such compliance, which determination
shall be final, binding and conclusive. Lessee shall bear all costs associated
with such appraiser's determination and such costs, if any, to cause the
Equipment to be in full compliance with the RETURN OF EQUIPMENT Section of the
Lease on or prior to such Cancellation Date.

     (c) The Cancellation Dates and the applicable Cancellation Values are as
set forth below:

            January 2, 2001          74.277% of Capitalized Lessors Costs

     (d) Lessee shall, from the applicable Notice Date through the Cancellation
Date,

         (i)  continue to comply with all of the terms and conditions of the
Lease, including, but not limited to, Lessee's obligation to pay rent, and

         (ii) make the Equipment available to Lessor in such a manner as to
allow Lessor to market and demonstrate the Equipment to potential purchasers or
lessees from such premises at no cost to Lessor; provided, however, that,
subject to Lessor's right to market and demonstrate the Equipment to potential
purchasers or lessees from time to time, Lessee may still use the Equipment
until the Cancellation Date.

    (e) Lessee shall, from the applicable Cancellation Date through the earlier
of the date the Equipment is sold by Lessor to a third party or 30 days
following the Cancellation Date, comply with the following terms and conditions:

         (i)  Continue to provide insurance for the Equipment, at Lessee's own
expense, in compliance with the terms found in the INSURANCE Section of the
Lease, and

         (ii) Make the Equipment available to Lessor and/or allow Lessor to
store the Equipment at Lessee's premises, in such a manner as to allow Lessor
to market and demonstrate the Equipment to potential purchasers or lessees from
such premises at no cost to Lessor.

<PAGE>   42
          (f)  The proceeds of any sale or re-lease of the Equipment after
     Lessee has exercised its Cancellation Option shall be for the sole benefit
     of Lessor and Lessee shall have no interest in or any claim upon any of
     such proceeds.

          The Lease is amended by adding the following thereto:

          EARLY PURCHASE OPTION:

          (a)  Provided that the Lease has not been earlier terminated and
     provided further that Lessee is not in default under the Lease or any other
     agreement between Lessor and Lessee, Lessee may, UPON AT LEAST 30 DAYS BUT
     NO MORE THAN 270 DAYS PRIOR WRITTEN NOTICE TO LESSOR OF LESSEE'S
     IRREVOCABLE ELECTION TO EXERCISE SUCH OPTION, purchase on an AS IS BASIS
     all (but not less than all) of the Equipment listed and described in this
     Schedule on the rent payment date (the "Early Purchase Date") which is 48
     months from the Basic Term Commencement Date for a price equal to
     THIRTY-THREE AND 32/100 percent (33.32%) of the Capitalized Lessor's Cost
     (the "FMV Early Option Price"), plus all applicable sales taxes.

     Lessor and Lessee agree that the FMV Early Option Price is a reasonable
     prediction of the Fair Market Value (as such term is defined in the
     PURCHASE OPTION Section subsection (b) of the Lease hereof) of the
     Equipment at the time the option is exercisable. Lessor and Lessee agree
     that if Lessee makes any non-severable improvement to the Equipment which
     increases the value of the Equipment and is not required or permitted by
     the MAINTENANCE Section or the RETURN OF EQUIPMENT Section of the Lease
     prior to lease expiration, then at the time of such option being exercised,
     Lessor and Lessee shall adjust the purchase price to reflect any addition
     to the price anticipated to result from such improvement. (The purchase
     option granted by this subsection shall be referred to herein as the "Early
     Purchase Option".)

          (b)  If Lessee exercises its Early Purchase Option with respect to the
     Equipment leased hereunder, then on the Early Purchase Option Date, Lessee
     shall pay to Lessor any Rent and other sums due and unpaid on the Early
     Purchase Option Date and Lessee shall pay the FMV Early Option Price, plus
     all applicable sales taxes, to Lessor in cash.

H.   PAYMENT AUTHORIZATION

     You are hereby irrevocably authorized and directed to deliver and apply
     the proceeds due under this Schedule as follows:

     COMPANY NAME                  ADDRESS                           AMOUNT
     ---------------------------------------------------------------------------
     goracing.com, inc.            4707 E. Baseline Road             $800.000.00
                                   Phoenix, AZ 85040

     This authorization and direction is given pursuant to the same authority
     authorizing the above-mentioned financing.

     Except as expressly modified hereby, all terms and provisions of the
Agreement shall remain in full force and effect. This Schedule is not binding
or effective with respect to the Agreement or Equipment until executed on
behalf of Lessor and Lessee by authorized representatives of Lessor and Lessee,
respectively.

     IN WITNESS WHEREOF, Lessee and Lessor have caused this Schedule to be
executed by their duly authorized representatives as of the date first above
written.

LESSOR:                                  LESSEE:

General Electric Capital Corporation     goracing.com, inc.

By: /s/ Arthur G. Abello                 By: /s/ David Husband
    -----------------------------------      -----------------------------------
Name: Arthur G. Abello                   Name: David Husband
Title: Senior Risk Analyst               Title: CFO Action Performance
<PAGE>   43
                [ACTION PERFORMANCE COMPANIES, INC. LETTERHEAD]

December 27, 1999

GE Capital Corp.
426 N. 44th St
Suite 495
Phoenix, AZ 85008

To Whom It May Concern:

As Chairman of the Board and CEO of Action Performance Companies, Inc.
("Action"), I hereby affirm that David Husband is an authorized officer of
Action, and therefore is allowed to execute agreements on behalf of Action and
its wholly owned subsidiaries. These subsidiaries include goracing.com, inc.
and this mandate provides David Husband the authorization to execute agreements
on behalf of goracing and/or obligate Action to guarantee funds of goracing, to
any of its vendors, including GE Capital Corporation.

Sincerely,

Action Performance Companies, Inc.

/s/ Fred W. Wagenhals
___________________________
Fred W. Wagenhals
C.E.O.

<PAGE>   44
SLB/CS(R062599)                                                       [BAR CODE]

                               FURNITURE SCHEDULE
                                SCHEDULE NO. 004
                            DATED THIS JAN. 24, 2000
                           TO MASTER LEASE AGREEMENT
                           DATED AS OF AUGUST 9, 1999

<TABLE>
<CAPTION>

LESSOR & MAILING ADDRESS:                                   LESSEE & MAILING ADDRESS:
-------------------------                                   -------------------------

<S>                                                             <C>
GENERAL ELECTRIC CAPITAL CORPORATION                             goracing.com, inc.
ONE LINCOLN CENTRE, 5400 LBJ FREEWAY SUITE 1280, L.B. 3          4707 E. BASELINE ROAD
DALLAS, TX 75240                                                 PHOENIX, AZ 85040
</TABLE>

This Schedule is executed pursuant to, and incorporates by reference the terms
and conditions of, and capitalized terms not defined herein shall have the
meanings assigned to them in, the Master Lease Agreement identified above
("AGREEMENT" said Agreement and this Schedule being collectively referred to as
"LEASE"). This Schedule, incorporating by reference the Agreement, constitutes
a separate instrument of lease.

A.   EQUIPMENT: Subject to the terms and conditions of the Lease, Lessor agrees
to Lease to Lessee the Equipment described below (the "EQUIPMENT").

<TABLE>
<CAPTION>

 NUMBER        CAPITALIZED
OF UNITS      LESSOR'S COST          MANUFACTURER                SERIAL NUMBER      MODEL AND TYPE OF EQUIPMENT
--------      -------------          ------------                -------------      ---------------------------

<S>           <C>                    <C>                         <C>                <C>
1              $583,097.00            Misc. Furniture & Fixtures                     All of Debtor's now owned and
                                                                                     hereafter acquired furniture
                                                                                     and fixtures, together with all
                                                                                     parts, attachments, accessories,
                                                                                     substitutions, repairs, improvements
                                                                                     and replacements thereto, and any
                                                                                     proceeds thereof, including but not
                                                                                     limited to insurance proceeds.
</TABLE>

Equipment immediately listed above is located at: 1480 S. Hohokam Drive,
Tempe, Maricopa County, AZ 85281

B.   FINANCIAL TERMS

<TABLE>
<S> <C>                                           <C> <C>
1.   Advance Rent (if any): NOT APPLICABLE        5.   Basic Term Commencement Date: FEBRUARY 1, 2000
2.   Capitalized Lessor's Cost: $583,097.00       6.   Lessee Federal Tax ID No.: 860956244
3.   Basic Term (No. of Months): 60 Months.       7.   Last Delivery Date: JANUARY 24, 2000
4.   Basic Term Lease Rate Factor: 1.897760%      8.   Daily Lease Rate Factor: .063259%
</TABLE>

 9.  First Termination Date: THIRTY-SIX (36) months after the Basic Term
     Commencement Date.

10.  Interim Rent: For the period from and including the Lease Commencement date
     to but not including the Basic Term Commencement Date ("Interim Period"),
     Lessee shall pay as rent ("Interim Rent") for each unit of Equipment, the
     product of the Daily Lease Rate Factor times the Capitalized Lessor's Cost
     of such unit times the number of days in the Interim Period. Interim Rent
     shall be due on JANUARY 31, 2000.

11.  Basic Term Rent. Commencing on FEBRUARY 1, 2000 and on the same day of each
     month thereafter (each, a "Rent Payment Date") during the Basic Term,
     Lessee shall pay as rent ("Basic Term Rent") the product of the Basic Term
     Lease Rate Factor times the Capitalized Lessor's Cost of all Equipment on
     this Schedule.

C.   TAX BENEFITS  Depreciation Deductions:

     1.   Depreciation method is the 200% declining balance method, switching to
          straight line method for the 1st taxable year for which using the
          straight line method with respect to the adjusted basis as of the
          beginning of such year will yield a larger allowance.

     2.   Recovery Period: 7 YEARS.

     3.   Basis: 100% of the Capitalized Lessor's Cost.

D.   PROPERTY TAX

     APPLICABLE TO EQUIPMENT LOCATED IN 1480 S. HOHOKAM DRIVE, TEMPE, MARICOPA
     COUNTY, AZ 85281: Lessee agrees that it will not list any of such Equipment
     for property tax purposes or report any property tax assessed against such
     Equipment until otherwise directed in writing by Lessor. Upon receipt of
     any property tax bill pertaining to such Equipment from the appropriate
     taxing authority, Lessor will pay such tax and will invoice Lessee for the
     expense. Upon receipt of such invoice, Lessee will promptly reimburse
     Lessor for such expense.

<PAGE>   45
     Lessor may notify Lessee (and Lessee agrees to follow such notification)
     regarding any changes in property tax reporting and payment
     responsibilities.

E.   ARTICLE 2A NOTICE

     IN ACCORDANCE WITH THE REQUIREMENTS OF ARTICLE 2A OF THE UNIFORM COMMERCIAL
     CODE AS ADOPTED IN THE APPLICABLE STATE, LESSOR HEREBY MAKES THE FOLLOWING
     DISCLOSURES TO LESSEE PRIOR TO EXECUTION OF THE LEASE, (A) THE PERSON(S)
     SUPPLYING THE EQUIPMENT IS goracing.com, inc. (THE "SUPPLIER(S)"), (B)
     LESSEE IS ENTITLED TO THE PROMISES AND WARRANTIES, INCLUDING THOSE OF ANY
     THIRD PARTY, PROVIDED TO THE LESSOR BY SUPPLIER(S), WHICH IS SUPPLYING THE
     EQUIPMENT IN CONNECTION WITH OR AS PART OF THE CONTRACT BY WHICH LESSOR
     ACQUIRED THE EQUIPMENT AND (C) WITH RESPECT TO SUCH EQUIPMENT LESSEE MAY
     COMMUNICATE WITH SUPPLIER(S) AND RECEIVE AN ACCURATE AND COMPLETE STATEMENT
     OF SUCH PROMISES AND WARRANTIES, INCLUDING ANY DISCLAIMERS AND LIMITATIONS
     OF THEM OR OF REMEDIES, TO THE EXTENT PERMITTED BY APPLICABLE LAW, LESSEE
     HEREBY WAIVES ANY AND ALL RIGHTS AND REMEDIES CONFERRED UPON A LESSEE IN
     ARTICLE 2A AND ANY RIGHTS NOW OR HEREAFTER CONFERRED BY STATUTE OR
     OTHERWISE WHICH MAY LIMIT OR MODIFY ANY OF LESSOR'S RIGHTS OR REMEDIES
     UNDER THE DEFAULT AND REMEDIES SECTION OF THE AGREEMENT.

F.   STIPULATED LOSS AND TERMINATION VALUE TABLE*

     <TABLE>
     <CAPTION>
               TERMINATION  STIPULATED            TERMINATION    STIPULATED
               VALUE        LOSS VALUE            VALUE          LOSS VALUE
     RENTAL    PERCENTAGE   PERCENTAGE  RENTAL    PERCENTAGE     PERCENTAGE
     <S>       <C>          <C>         <C>       <C>            <C>
       1       103.413        107.427     31       64.893         70.900
       2       102.283        106.364     32       63.428         69.502
       3       101.145        105.292     33       61.953         68.093
       4        99.998        104.211     34       60.465         66.671
       5        98.842        103.122     35       58.965         65.238
       6        97.677        102.023     36       57.455         63.794
       7        96.500        100.913     37       55.931         62.337
       8        95.315         99.794     38       54.404         60.877
       9        94.121         98.667     39       52.876         59.415
      10        92.915         97.527     40       51.336         57.941
      11        91.700         96.379     41       49.784         56.456
      12        90.476         95.221     42       48.220         54.958
      13        89.240         94.051     43       46.644         53.449
      14        87.992         92.870     44       45.056         51.927
      15        86.732         91.676     45       43.455         50.392
      16        85.460         90.470     46       41.842         48.846
      17        84.174         89.251     47       40.216         47.286
      18        82.877         88.020     48       38.578         45.714
      19        81.567         86.777     49       36.927         44.130
      20        80.244         85.521     50       35.263         42.533
      21        78.909         84.252     51       33.587         40.922
      22        77.562         82.971     52       31.897         39.299
      23        76.202         81.677     53       30.194         37.662
      24        74.828         80.370     54       28.478         36.013
      25        73.443         79.051     55       26.748         34.350
      26        72.045         77.720     56       25.006         32.673
      27        70.636         76.378     57       23.249         30.983
      28        69.217         75.025     58       21.479         29.280
      29        67.787         73.661     59       19.695         27.563
      30        66.346         72.287     60       17.898         25.831
     </TABLE>

     * The Stipulated Loss Value or Termination Value for any unit of Equipment
     shall be the Capitalized Lessor's Cost of such unit multiplied by the
     appropriate percentage derived from the above table. In the event that the
     Lease is for any reason extended, then the last percentage figure shown
     above shall control throughout any such extended term.

G.   MODIFICATIONS AND ADDITIONS FOR THIS SCHEDULE ONLY

     For purposes of this Schedule only, the Agreement is amended as follows:

     1.   The LEASING Section subsection (b) of the Lease is hereby deleted in
          its entirety and the following substituted in its stead:

<PAGE>   46
     b)  The obligation of Lessor to purchase the Equipment from Lessee and to
lease the same to Lessee shall be subject to receipt by Lessor, on or prior to
the earlier of the Lease Commencement Date or Last Delivery Date therefor, of
each of the following documents in form and substance satisfactory to Lessor:
(i) a Schedule for the Equipment (ii) evidence of insurance which complies with
the requirements of the INSURANCE Section of the Lease, and (iii) such other
documents as Lessor may reasonably request. Once the Schedule is signed, the
Lessee may not cancel the Lease.

2.   The DELIVERY, USE AND OPERATION Section subsection (a) of the Lease shall
be deleted and the following substituted in its stead:

     The parties acknowledge that this is a sale/leaseback transaction and the
Equipment is in Lessee's possession as of the Lease Commencement Date.

3.   BILL OF SALE

     Lessee, in consideration of the Lessor's payment of the amount set forth
in B 2. above, which includes any applicable sales taxes (which payment Lessee
acknowledges), hereby grants, sells, assigns, transfers and delivers to Lessor
the Equipment along with whatever claims and rights Seller may have against the
manufacturer and/or Supplier of the Equipment, including but not limited to all
warranties and representations. At Lessors request Lessee will cause Supplier
to deliver to Lessor a written statement wherein the Supplier (i) consents to
the assignment to Lessor of whatever claims and rights Lessee may have against
the Supplier, (ii) agrees not to retain any security interest, lien or other
encumbrance in or upon the Equipment at any time, and to execute such documents
as Lessor may request to evidence the release of any such encumbrance, and
(iii) represents and warrants to Lessor (x) that Supplier has previously
conveyed full title to the Equipment to Lessee, (y) that the Equipment was
delivered to Lessee and installation completed, and (z) that the final purchase
price of the Equipment (or a specified portion of such purchase price) has been
paid by Lessee.

     Lessor is purchasing the Equipment for leasing back to Lessee pursuant to
the Lease. Lessee represents and warrants to Lessor that (i) Lessor will
acquire by the terms of this Bill of Sale good title to the Equipment free from
all liens and encumbrances whatsoever, (ii) Lessee has the right to sell the
Equipment; and (iii) the Equipment has been delivered to Lessee in good order
and condition, and conforms to the specifications, requirements and standards
applicable thereto; and (iv) the equipment has been accurately labeled,
consistent with the requirements of 40 CFR part 82 Subpart E, with respect to
products manufactured with a controlled (ozone-depleting) substance.

     Lessee agrees to save and hold harmless Lessor from and against any and
all federal, state, municipal and local license fees and taxes of any kind or
nature, including, without limiting the generality of the foregoing, any and
all excise, personal property, use and sales taxes, and from and against any
and all liabilities, obligations, losses, damages, penalties, claims, actions
and suits resulting therefrom and imposed upon, incurred by or asserted against
Lessor as a consequence of the sale of the Equipment to Lessor.

4.   ACCEPTANCE

     Pursuant to the provisions of the Lease, as it relates to this Schedule,
Lessee hereby certifies and warrants that (i) all Equipment listed above has
been delivered and installed (if applicable); (ii) Lessee has inspected the
Equipment, and all such testing as it deems necessary has been performed by
Lessee, Supplier or the manufacturer; and (iii) Lessee accepts the Equipment
for all purposes of the Lease, the purchase documents and all attendant
documents.

     Lessee does further certify that as of the date hereof (i) Lessee is not
in default under the Lease; (ii) the representations and warranties made by
Lessee pursuant to or under the Lease are true and correct on the date hereof
and (iii) Lessee has reviewed and approves of the purchase documents for the
Equipment, if any.

5.   EQUIPMENT SPECIFIC PROVISIONS

RETURN PROVISIONS: In addition to the provisions provided for in the RETURN OF
EQUIPMENT Section of the Lease, and provided that Lessee has elected not to
exercise its option to purchase the Equipment, Lessee shall, at its expense:

     (a)  at least ninety (90) days and not more than one hundred twenty (120)
days prior to lease termination: (i) ensure Equipment has been maintained, and
is operating, within manufacturer's specifications; and; (ii) cause
manufacturer's representative or other qualified maintenance provider,
acceptable to Lessor, to perform a physical inspection and test of all the
components and capabilities of the Equipment and provide a full inspection
report to Lessor, and that there shall be no missing screws, bolts, fasteners,
etc.; the furniture will be free from all large scratches, marks, gouges,
dents, discoloration or stains; all drawers, runners, and locks will be in good
working condition to include keys; and there shall be no evidence of extreme
use or overloading, i.e. bowed or sagging shelves; (iii) if during such
inspection the Equipment is found not to be in compliance with the above, then
Lessee shall remedy them per the Lease Agreement and provide a follow-up
inspection to verify the Equipment meets the return provisions.

     (b)  Upon lease termination, Lessee shall (i) have the manufacturer's
representative or other person acceptable to Lessor de-install all Equipment
including all wire, cable, and mounting hardware; (ii) if applicable, ensure
all necessary permits and labor are obtained to deliver the Equipment; (iii)
the Equipment shall be packed properly and in accordance to the manufacturer's
recommendations; (iv) the Lessee shall provide for the transportation of the
Equipment in a manner consistent with the manufacturer's recommendations and
practices to any locations within the continental United States as Lessor shall
direct; and shall have the Equipment unloaded at such locations; (v) at
Lessor's choice, either (1) allow Lessor, at Lessor's expense, and provided
Lessor has provided reasonable notice to Lessee, to arrange for an on-site
auction of the Equipment which will be conducted in a manner that will not
interfere with the Lessee's business operations, or (2) Lessee shall provide
free safe storage for the Equipment for a period not to exceed sixty (60) days
from the Lease expiration.

6.   LEAST TERM OPTIONS

     Early Lease Term Options

       The Lease is hereby amended by adding the following to the end thereof:

       CANCELLATION OPTION:

<PAGE>   47
     (a)  So long as no default exists hereunder and expressly provided that all
of the terms and conditions of this Provision are fulfilled, Lessee may cancel
the Agreement as to all (but not less than all) of the Equipment on this
Schedule as of any one of the Cancellation Dates set forth below (each, a
"Cancellation Date") upon at least 90 days prior written notice (the "Notice
Date") to Lessor (which notice shall be irrevocable and shall be sent to the
attention of Lessor's Asset Management Organization, 44 Old Ridgebury Road,
Danbury, CT 06810-5105). Such notice shall state the Cancellation Date which
shall apply. If all of the terms and conditions of this Provision are not
fulfilled, this Lease shall continue in full force and effect and Lessee shall
continue to be liable for all obligations thereunder, including, without
limitation, the obligation to continue paying rent.

          (b)  Prior to the Cancellation Date, Lessee shall

               (i) pay to Lessor, as additional rent, (A) the Cancellation Value
(set forth below for the applicable Cancellation Date) for the Equipment, plus
(B) all rent and all other sums due and unpaid as of the Cancellation Date
(including, but not limited to, any Rent payment due and payable on the
Cancellation Date and any sales taxes and property taxes); and

              (ii) return the Equipment in full compliance with the RETURN OF
EQUIPMENT Section of the Lease, such compliance being independently verified by
an independent appraiser selected by Lessor (reasonably acceptable to Lessee) to
determine that the Equipment is in such compliance, which determination shall be
final, binding and conclusive. Lessee shall bear all costs associated with such
appraiser's determination and such costs, if any, to cause the Equipment to be
in full compliance with the RETURN OF EQUIPMENT Section of the Lease on or prior
to such Cancellation Date.

          (c)  The Cancellation Dates and the applicable Cancellation Values are
as set forth below:

               February 1, 2001         74% of Capitalized Lessors Costs

          (d)  Lessee shall, from the applicable Notice Date through the
Cancellation Date,

               (i) continue to comply with all of the terms and conditions of
the Lease, including, but not limited to, Lessee's obligation to pay rent, and

              (ii) make the Equipment available to Lessor in such a manner as to
allow Lessor to market and demonstrate the Equipment to potential purchasers or
lessees from such premises at no cost to Lessor; provided, however, that,
subject to Lessor's right to market and demonstrate the Equipment to potential
purchasers or lessees from time to time, Lessee may still use the Equipment
until the Cancellation Date.

          (e)  Lessee shall, from the applicable Cancellation Date through the
earlier of the date the Equipment is sold by Lessor to a third party of 30 days
following the Cancellation Date, comply with the following terms and conditions:

               (i) Continue to provide insurance for the Equipment, at Lessee's
own expense, in compliance with the terms found in the INSURANCE Section of the
Lease, and

              (ii) Make the Equipment available to Lessor and/or allow Lessor to
store the Equipment at Lessee's premises, in such a manner as to allow Lessor to
market and demonstrate the Equipment to potential purchasers or lessees from
such premises at no cost to Lessor.

          (f)  The proceeds of any sale or re-lease of the Equipment after
Lessee has executed its Cancellation Option shall be for the sole benefit of
Lessor and Lessee shall have no interest in or any claim upon any of such
proceeds.

          The Lease is amended by adding the following thereto:

          EARLY PURCHASE OPTION:

          (a) Provided that the Lease has not been earlier terminated and
provided further that Lessee is not in default under the Lease or any other
agreement between Lessor and Lessee, Lessee may, UPON AT LEAST 30 DAYS BUT NO
MORE THAN 270 DAYS PRIOR WRITTEN NOTICE TO LESSOR OF LESSEE'S IRREVOCABLE
ELECTION TO EXERCISE SUCH OPTION, purchase on an AS IS BASIS all (but not less
than all) of the Equipment listed and described in this Schedule on the rent
payment date (the "Early Purchase Date") which is 48 months from the Basic Term
Commencement Date for a price equal to THIRTY-THREE AND 93/100 percent (33.93%)
of the Capitalized Lessor's Cost (the "FMV Early Option Price"), plus all
applicable sales taxes.

Lessor and Lessee agree that the FMV Early Option Price is a reasonable
prediction of the Fair Market Value (as such term is defined in the PURCHASE
OPTION Section subsection (b) of the Lease hereof) of the Equipment at the time
the option is exercisable. Lessor and Lessee agree that if Lessee makes any
non-severable improvement to the Equipment which increases the value of the
Equipment and is not required or permitted by the MAINTENANCE Section or the
RETURN OF EQUIPMENT Section of the Lease prior to lease expiration, then at the
time of such option being exercised, Lessor and Lessee shall adjust the purchase
price to reflect any addition to the price anticipated to result from such
improvement. (The purchase option granted by this subsection shall be referred
to herein as the "Early Purchase Option").

     (b) If Lessee exercises its Early Purchase Option with respect to the
Equipment leased hereunder, then on the Early Purchase Option Date, Lessee shall
pay to Lessor any Rent and other sums due and unpaid on the Early Purchase
Option Date and Lessee shall pay the FMV Early Option Price, plus all applicable
sales taxes, to Lessor in cash.

H.   PAYMENT AUTHORIZATION

     You are hereby irrevocably authorized and directed to deliver and apply the
proceeds due under this Schedule as follows:

     COMPANY NAME             ADDRESS                       AMOUNT
     ------------             -------                       ------

     goracing.com, inc.       4707 E. Baseline Road         $583,097.00
                              Phoenix, AZ 85040

                                       4
<PAGE>   48
     This authorization and direction is given pursuant to the same authority
authorizing the above-mentioned financing.

     Except as expressly modified hereby, all terms and provisions of the
Agreement shall remain in full force and effect. This Schedule is not binding
or effective with respect to the Agreement or Equipment until executed on
behalf of Lessor and Lessee by authorized representatives of Lessor and Lessee,
respectively.

     IN WITNESS WHEREOF, Lessee and Lessor have caused this Schedule to be
executed by their duly authorized representatives as of the date first above
written.

LESSOR:                                 LESSEE:

GENERAL ELECTRIC CAPITAL CORPORATION    goracing.com, inc.

By: /s/ Arthur G. Abello                By: /s/ David Husband
   ---------------------------------       -----------------------------

Name: Arthur G. Abello                  Name: David Husband
     -------------------------------         ---------------------------

Title: Senior Risk Analyst              Title: CFO Action Performance
      ------------------------------          --------------------------
<PAGE>   49
                   [ACTION PERFORMANCE COMPANIES, INC. LOGO]

December 27, 1999

GE Capital Corp.
426 N. 44th St.
Suite 495
Phoenix, AZ 85008

To Whom It May Concern:

As Chairman of the Board and CEO of Action Performance Companies, Inc.
("Action"), I hereby affirm that David Husband is an authorized officer of
Action, and therefore is allowed to execute agreements on behalf of Action and
its wholly owned subsidiaries. These subsidiaries include goracing.com, inc. and
this mandate provides David Husband the authorization to execute agreements on
behalf of goracing and/or obligate Action to guarantee funds of goracing, to
any of its vendors, including GE Capital Corporation.

Sincerely,

Action Performance Companies, Inc.

/s/ Fred W. Wagenhals

Fred W. Wagenhals
C.E.O.

                         PHOENIX - CHARLOTTE - ATLANTA
          1455 ELLSWORTH INDUSTRIAL DRIVE NW - Atlanta, GEORGIA 30318
                        404 350-2100 - 404 350-2118 FAX
<PAGE>   50
GORACING.COM DISPOSALS

<TABLE>
<CAPTION>
ACQUISITIO  SYS                                                                               ACQUISITION
   DATE     NO   LIFE   ACCOUNT                   DESCRIPTION                                    VALUE             NBV
-----------------------------------------------------------------------------------------------------------------------------
<S>        <C>   <C>    <C>       <C>                                                        <C>              <C>
 LEASED

11/17/99   198   05 00  1545-000  BLIND IDEAS-GORACING BUILDING BLINDS                       $       592.92   $       573.16
11/17/99   194   05 00  1545-000  BUSINESS RESOURCE GROUP-MAPLE OFFICE
                                    CHAIRS/FURNITURE                                         $     8,377.45   $     8,098.21
  9/8/99   168   05 00  1545-000  BUSINESS RESOURCE-DEPOSIT FOR OFFICE FURNITURE             $     3,500.00   $     3,266.67
10/31/99   181   10 00  1590-000  COMPEL-ADD RAISED FLOOR                                    $   144,067.14   $   140,465.47
 9/30/99   178   10 00  1590-000  COMPEL-CABLING GORACING.COM                                $   110,115.12   $   106,444.62
10/31/99   182   10 00  1590-000  COMPEL-CABLING-TV/SPEAKER                                  $    87,455.18   $    85,268.80
 9/30/99   174   05 00  1550-000  COMPEL-TECH CENTER PROJECT                                 $   195,704.06   $   182,657.12
11/17/99   197   05 00  1545-000  CORPORATE EXPRESS-BREAKROOM TABLES/OFFICE FURNITURE        $    12,582.34   $    12,162.93
12/17/99   208   05 00  1540-000  CORPORATE EXPRESS-CABINET STORAGE                          $     1,739.82   $     1,710.83
12/29/99   212   05 00  1540-000  CORPORATE EXPRESS-CHAIRS                                   $    36,166.00   $    35,563.24
11/17/99   196   05 00  1545-000  CORPORATE EXPRESS-CONFERENCE ROOM FURNITURE/OFFICE         $    35,834.30   $    34,639.83
                                    FURNITURE
12/17/99   210   05 00  1540-000  CORPORATE EXPRESS-CONFERENCE TABLE                         $     2,024.19   $     1,990.46
11/17/99   195   05 00  1545-000  CORPORATE EXPRESS-OFFICE FURNITURE/OFFICE                  $   136,890.73   $   132,327.71
                                    DESKS/BOOKCASES
12/17/99   209   05 00  1540-000  CORPORATE EXPRESS-SPECIAL FURNITURE/CHAIRS 10              $     2,546.60   $     2,504.16
12/17/99   211   05 00  1540-000  CORPORATE EXPRESS-WALL BOARDS                              $     1,679.33   $     1,651.35
 10/8/99   183   05 00  1545-000  FITNESS SOURCE-WORKOUT EQUIPMENT FOR WEIGHTROOM            $    22,373.26   $    21,254.60
11/19/99   203   05 00  1545-000  FRY'S ELECTRONICS-3 SONY TV/HPC4226A LJ1100SE
                                    4 TEST SETS/NOKIA 6100/5100                              $     2,190.37   $     2,117.36
10/11/99   184   05 00  1545-000  INSTANT BLINDS-VERTICAL BLINDS FOR BOARDROOM               $       880.50   $       836.48
  9/8/99   169   05 00  1545-000  KNOLL TEXTILES-DEPOSIT FOR FURNITURE                       $     8,000.00   $     7,466.67
11/30/99   205   05 00  1545-000  MCMASTER CARR SUPPLY CO.-OFFICE EQUIPMENT                  $       627.23   $       606.33
10/13/99   185   05 00  1545-000  ROYAL SIGN CO-GORACINGCOM BUILDING SIGNAGE/TAX             $    11,513.39   $    10,937.72
  9/8/99   167   05 00  1545-000  SOUTHWEST PARTITION-50% DEPOSIT ON CUBICLES                $   247,206.49   $   230,726.06
                                    AND OFFICE FURNITURE
11/17/99   192   05 00  1545-000  SOUTHWEST PARTITIONS-BREAKROOM CHAIRS/TASK                 $    39,493.77   $    38,177.31
                                    CHAIRS/MANAGER CHAIRS
11/17/99   191   05 00  1545-000  SOUTHWEST PARTITIONS-CUBICLE PIECES                        $   125,273.91   $   121,098.12
 12/2/99   206   05 00  1540-000  SOUTHWEST PARTITIONS-CUSTOM CONFERENCE TABLE               $    16,217.08   $    16,217.08
                                    W/ ACCESS FOR ELECTRICAL
 9/15/99   170   05 00  1545-000  SOUTHWEST PARTITIONS-HIGHBACK CHAIRS FOR TOP EXECS         $     3,811.84   $     3,557.72
11/17/99   193   05 00  1545-000  SOUTHWEST PARTITIONS-OFFICE FURNITURE                      $    35,407.64   $    34,227.39
11/18/99   199   05 00  1545-000  SOUTHWEST PARTITIONS-OFFICE FURNITURE                      $    83,531.88   $    80,747.49
 9/23/99   171   05 00  1545-000  SYSTEM FREIGHT SYSTEMS-PUBLICATION SHIPPING                $       198.68   $       185.44

                                                                                             $ 1,376,001.22   $ 1,317,480.33
</TABLE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00006-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00006-of-00352.parquet"}]]