Document:

EXHIBIT 4.6

                            DEMAND PROMISSORY NOTE

$50,000                                                     November 17, 2006

FOR VALUE RECEIVED, Digicorp, a corporation organized under the laws of Delaware
with an address at 4143 Glencoe Avenue, Marina Del Rey, CA 90292 (Fax No.: (310)
651-9629) (the "Maker"), hereby promises to pay to Jay Rifkin with an address at
1723 Cloverfield Blvd., Santa Monica, CA 90404, or assigns (the "Holder"), the
principal sum of Fifty Thousand Dollars ($50,000) in lawful money of the United
States, plus interest thereon at the rate set forth below, ON DEMAND.

1. Payments.

      Maker promises to pay interest on the principal amount of this Note
outstanding at a rate equal to the "prime rate" published in The Wall Street
Journal from time to time to the date of payment in full. Maker hereby agrees to
repay the principal amount of this Note, and the interest which shall accrue on
this Note, upon written demand therefor by the Holder. When any date on which
principal and interest are due and payable falls on a Saturday, Sunday or legal
holiday, then such payment shall be due and payable on the first business day
immediately following.

      Prepayment of all or any part of the principal due and owing on this Note
may be made on any date without any additional premium or penalty. All payments
made on this Note shall be applied first to amounts other than principal and
interest which may then be due hereunder, then to interest accrued to the date
of the payment and then to the outstanding principal amount of this Note.

      In the event any payment due hereunder is not made within five (5) days
after the due date, interest shall accrue on such unpaid amount at the rate of
fifteen percent (15%) per annum from the due date.

2. Waivers.

      No delay or failure on the part of the Holder in exercising any right,
privilege or option hereunder shall operate as a waiver thereof or of any event
of default, nor shall any single or partial exercise of any such right,
privilege or option preclude any further exercise thereof, or the exercise of
any other right, privilege or option.

      Makers waive demand, presentment for payment, notice of dishonor, protest
and notice of protest and any notice or demands of any kind are hereby expressly
waived.

3. Miscellaneous.

      (a) Makers shall be responsible for all costs and expenses, including
court costs and reasonable attorneys' fees incurred in connection with
collection of payments due under this Note.
<PAGE>

      (b) This Note shall be governed by and interpreted in accordance with the
laws of the State of California applicable to agreements made and to be
performed within such State. Makers (a) hereby irrevocably submit to the
jurisdiction of the state courts of the State of California and the jurisdiction
of the United States District Courts in the State of California for the purpose
of any suit, action or other proceeding arising out of or based upon this Note,
or the subject matter hereof brought by Holder and (b) hereby waive and agree
not to assert, by way of motion, as a defense, or otherwise, in any such suit,
action or proceeding, any claim that it is not subject personally to the
jurisdiction of the above-named courts, that its property is exempt or immune
from attachment or execution, that the suit, action or proceeding is brought in
an inconvenient forum, that the venue of the suit, action or proceeding is
improper or this Note or the subject matter hereof may not be enforced in or by
such court, and (c) hereby waive in any such action, suit, or proceeding any
offsets or counterclaims. Makers hereby consent to service of process by
certified mail at their address set forth herein and agree that this submission
to jurisdiction and this consent to service of process by mail is made for the
express benefit of Holder. Final judgment against Makers in any such action,
suit or proceeding shall be conclusive, and may be enforced in other
jurisdictions (i) by suit, action or proceeding on the conclusive evidence of
the fact and of the amount of any indebtedness or liability of Makers therein
described or (ii) in any other manner provided by or pursuant to the laws of
such other jurisdiction; provided, however, that Holder may at its option bring
suit, or institute other judicial proceedings, against Makers or any of their
assets in any state or Federal court of the United States or of any country or
place where Makers or their assets may be found.

      (c) MAKERS HEREBY WAIVE THEIR RIGHTS TO A JURY TRAIL OF ANY CLAIM OR CAUSE
OF ACTION BASED UPON OR ARISING OUT OF THIS NOTE. The scope of this waiver is
intended to be all-encompassing of any and all disputes that may be filed in any
court and that related to the subject matter of this Note, including without
limitation, contract claims, tort claims, breach of duty claims, and all other
common law and statutory claims. Makers hereby acknowledge that this waiver is a
material inducement to enter into a business relationship, that Holder has
already relied on the waiver in entering into this Note and that Holder will
continue to rely on the waiver in related future dealings. This waiver shall
apply to any subsequent amendments, renewals, supplements or modifications to
this Note.

      (d) All notices, consents and other communications provided for in this
Note or otherwise required by law shall be in writing and may be given to or
made upon the respective parties at the addresses specified in the first
paragraph of this Note.

          Notices shall be effective upon the date of receipt; provided,
however, that a notice sent by certified or registered U.S. mail, with postage
prepaid, shall be presumed received no later than three (3) business days
following the date of mailing. Notices may also be given by facsimile
transmission to the FAX number specified in the first paragraph of this Note and
shall be deemed received on the date transmitted.

      (e) Time is of the essence with respect to this Note.

                                       2
<PAGE>

      IN WITNESS WHEREOF, this Note has been executed and delivered by Maker on
the 17th day of November 2006.
                                          DIGICORP

                                          By /s/ William B. Horne
                                             ---------------------------------
                                          Name: William B. Horne
                                          Title: Chief Financial Officer

                                       3Exhibit 10.1

                            ASSET PURCHASE AGREEMENT

                        MACE SECURITY INTERNATIONAL, INC

                                       AND

                         TWISTED CACTUS ENTERPRISES, LLC

<PAGE>

                                TABLE OF CONTENTS
                                -----------------

                                                                            PAGE
                                                                            ----

RECITALS....................................................................   1

ARTICLE I REAL PROPERTY AND ASSET TRANSFER; CLOSING.........................   1

ARTICLE II TITLE............................................................   8

ARTICLE III REPRESENTATIONS AND WARRANTIES OF SELLERS......................   11

ARTICLE IV REPRESENTATIONS AND WARRANTIES OF PURCHASER.....................   17

ARTICLE V ADDITIONAL AGREEMENTS OF SELLERS.................................   18

ARTICLE VI ADDITIONAL AGREEMENTS OF PURCHASER..............................   22

ARTICLE VII CONDITIONS TO PURCHASER'S OBLIGATIONS..........................   23

ARTICLE VIII CONDITIONS TO SELLERS' OBLIGATIONS............................   24

ARTICLE IX INDEMNIFICATION ................................................   24

ARTICLE X OTHER PROVISIONS.................................................   28

<PAGE>

                                    SCHEDULES

1.9(a)(iv)  Assignment Agreement
1.9(a)(v)   Lease Assignment
1.10(a)(i)  Bill of Sale
1.10(a)(iv) Form of Special Warranty Deed

Enclosed in Disclosure Binder

1.3        Car Wash Locations
1.4(c)     Equipment
1.4(e)     Contractual Obligations
1.4(f)     Permits
1.11(b)    Allocation of Purchase Price
3.3        Summary of Oral Agreements
3.5(b)     Exceptions to governmental compliance
3.5(d)     Litigation or administrative proceedings for environmental violations

                                        i

<PAGE>

3.5(e)     Releases of "Hazardous Materials" and Environmental Conditions
3.5(g)     Proceedings which would affect use of the Locations
3.7        Changes in the Car Wash Business
3.8        Required Consents
3.12       Pending and Threatened Litigation
3.13       Employee Contracts
3.14       Employee Benefits

Appendix A  Defined Terms

                                       ii

<PAGE>

                            ASSET PURCHASE AGREEMENT

     This Asset Purchase Agreement  ("Agreement") is made as of December 7, 2006
by and among Mace  Security  International,  Inc.  ("MSI"),  Mace Car Wash,  Inc
("MCW"),  Mace Car Wash-Arizona,  Inc. ("MCWA") and Twisted Cactus Enterpirises,
LLC, an Arizona.  ("Twisted  Cactus").  For purposes of this Agreement,  Twisted
Cactus is sometimes  referred to as "Purchaser,"  MCW and MCWA,  subsidiaries of
MSI that own the  assets  being  sold  under this  Agreement,  are  referred  to
individually as a "Company" and collectively as the "Companies," and MSI and the
Companies are sometimes collectively referred to as "Sellers."

                                    RECITALS

     MSI is the sole shareholder of the Companies. Each of the Companies own the
car washes listed on Schedule 1.3 attached.  For purposes of this  Agreement the
car and truck wash  locations  listed on Schedule  1.3  attached  are  hereafter
referred to individually,  as a ("Location") and collectively the ("Locations").
Nine of the  Locations  are  situated on parcels of real  property  owned by the
Companies (the "Owned Real  Property"),  and three of the Locations are situated
on parcels of real property that MCW occupies  under valid  leasehold  interests
(the  "Leased  Real  Property").  Schedule  1.3  identifies  both the Owned Real
Property and the Leased Real Property.

     Throughout  this  Agreement  various  Schedules  are  referenced  as  being
attached to this  Agreement.  Notwithstanding  the fact that all  Schedules  are
referred to as being attached to this  Agreement,  some of the Schedules are not
attached but instead  appear in a Disclosure  Binder dated December 7, 2006. The
Disclosure Binder is organized under subheadings which correspond to the various
Schedules  described  in this  Agreement.  For purposes of  identification,  the
Disclosure  Binder has been  identified  by the  parties by a written  statement
executed  by the  parties  and  appearing  as the first  page of the  Disclosure
Binder.

                                    ARTICLE I
                    Real Property and Asset Transfer; Closing

     Section 1.1  Incorporation  of  Recitals.  The recitals set forth above are
incorporated herein by reference and are a part of this Agreement.

     Section 1.2 Place for Closing.  The Closing under this Agreement shall take
place at the offices of First American Title Insurance  Company ("Escrow Agent")
located at 2525 East Camelback Road, Suite 300, Phoenix,  AZ or such other place
as the parties  hereto may agree upon.  The date the  Closing  occurs  ("Closing
Date") shall be on one hundred twenty days from the date of this  Agreement,  or
such other date that the parties to this Agreement agree to in writing.

     Section  1.3  Agreement  to  Transfer   Assets  and  Owned  Real  Property;
Consideration.

     (a) The  Companies  shall  transfer  and MSI shall cause the  Companies  to
transfer  and deliver to  Purchaser  the Owned Real  Property,  their  leasehold

                                       1
<PAGE>

interests in the Leased Real Property and their  interests in the Assets for the
total consideration of Nineteen Million Two Hundred Fifty Thousand ($19,250,000)
Dollars plus the amount set forth in Section 1.3(b) below ("Purchase  Price") on
the Closing Date, payable by wire transfer in United States of America currency,
to an account as designated by MSI.

     (b) The inventory and cash of the Car Wash Business existing on the Closing
Day will be  conveyed to the Sellers  ("Inventory")  as part of the Assets.  The
Purchaser  shall pay Sellers at the Closing Date, in addition to the $19,250,000
set  forth in  Section  1.3(a)  above,  the cost  charged  the  Sellers  for the
Inventory  from the third parties that have sold the  Inventory to Sellers.  The
Inventory  categories  being  purchased  are set forth below.  For  illustration
purposes only, the Inventory as of October 31, 2006 was as follows:

     a.   Cash, $8,200.00
     b.   Wash Supplies, $12,651.30
     c.   Wash Chemicals $3,946.68
     d.   Lube Supplies $21,017.14
     e.   Lobby Merchandise $45,631.66
     f.   Detail Chemicals $21,493.88
     g.   Detail Supplies $20,848.21
     h.   Greeting Cards $33,107.82
     i.   Uniforms $9,092.58
     j.   Towels $2,853.88

     (c) On or before two (2)  Business  Days  following  the  execution of this
Agreement, Purchaser shall pay the Escrow Agent Five Hundred Thousand ($500,000)
Dollars  ("Deposit")  in United  States  currency.  The  Escrow  Agent,  when it
receives the Deposit  shall  confirm to MSI in writing that the Deposit has been
paid to Escrow  Agent.  The Deposit,  while held in Escrow,  shall to the extent
possible, be invested in U.S. Treasury Bills or other short-term U.S. Government
securities,  repurchase  agreements with a national banking association for such
securities,  investment-grade  commercial paper or other investment-grade "money
market"  investments,  as Purchaser and MSI jointly  direct  Escrow  Agent,  and
whenever  not so  invested  shall be held by the  Escrow  Agent  in a  separate,
federally-insured,  interest-bearing account with a national banking association
approved by  Purchaser  and MSI. The interest on the Deposit will be paid to the
party to this  Agreement  that receives the Deposit.  The Escrow Agent shall pay
the Deposit to the Purchaser or Sellers, as applicable as set forth below.

          (i) If the Closing  occurs,  the Deposit and the interest earned on it
shall be paid to MSI at the Closing,  as part of the Purchase Price set forth in
Section 1.3(a)and (b) above.

          (ii) The Escrow  Agent shall  promptly  pay the Deposit to MSI, if the
Closing  does not occur on or before the  Closing  Date and all  conditions  set
forth in Article VII have been  satisfied,  waived or would have been  satisfied
with the passage of time,  or this  Agreement is  terminated  before the Closing
Date by MSI under the  provisions of Section  1.8(d)(ii) or  1.8(d)(iii) of this
Agreement.

                                       2
<PAGE>

          (iii) The Escrow Agent shall promptly pay the Deposit to Purchaser, if
Closing does not occur on or before the Closing  Date,  because a condition  set
forth in Article VII of this  Agreement is not satisfied and has not been waived
by  Purchaser  or this  Agreement  is  terminated  before  the  Closing  Date by
Purchaser under the provisions of Section 1.8(d)(ii) or 1.8(d)(iii).

The Escrow Agent by executing this Agreement is agreeing to be bound only to the
provisions of this Agreement relating to the Deposit.  In the event of a dispute
between  Sellers and Purchaser  concerning  the Deposit,  the Escrow Agent shall
hold the Deposit until ordered by a court having jurisdiction to pay the Deposit
to Sellers, Purchaser or into the Court.

     Section  1.4  Description  of  Assets.  Upon the terms and  subject  to the
conditions  set forth in this  Agreement,  on the Closing Date,  as  hereinabove
defined, the Companies shall and MSI shall cause the Companies to grant, convey,
sell,  transfer and assign to Purchaser all assets of the Companies set forth in
this Section 1.4 which assets are the following: (the "Assets"):

     (a) The Owned Real  Property  (including,  but not limited to, the land and
all  appurtenances,  buildings,  structures,  improvements,  fixtures  and other
structures);

     (b) The  leasehold  interests in the Leased Real Property and all interests
in the appurtenances,  buildings, structures,  improvements,  fixtures and other
structures;

     (c)  All  equipment,   computers,  software,  printers,  vending  machines,
machinery and parts, vehicles,  tools, hoses, brushes,  communication equipment,
sprinklers,  and security  equipment  and similar  items in and at the Locations
(collectively,  the  "Equipment"),  the Equipment in the car wash tunnels of the
Locations is listed on Schedule 1.4(c);

     (d) The inventory of gasoline in underground storage tanks at the Locations
and the Inventory, as set forth in Section 1.3(b) above;

     (e) All  contractual  rights  and  obligations  of the  Companies  with its
customers,  vendors,  suppliers,  landlords,  tenants and  others,  as listed on
Schedule 1.4(e),  excepting only the contracts with Recycled Paper Greetings and
Ecolab,   Inc.   that  are  not  to  be  assigned  to  Purchaser   ("Contractual
Obligations");

     (f) All permits,  licenses,  franchises,  consents and other approvals from
governments,  governmental agencies (federal,  state and local) ("Permits") held
by the  Companies  relating to, used in or required for the operation of the Car
Wash Business or any of the Assets,  all of which are listed on Schedule 1.4(f),
to the extent such Permits are assignable ;

     (g) All office  equipment,  furnishings,  sales and promotional  materials,
catalogues  and  advertising  literature,  and  all  pictures  and  photographs,
construction and "as-built" drawings, plans and specifications, and finish plans
in the  possession  or  control  of the  Companies,  relating  to the  Car  Wash
Business;

                                       3
<PAGE>

     (h) To the extent owned,  licensed or otherwise available to the Companies,
all intellectual property used in connection with the Car Wash Business, such as
franchises,  trademarks, trade names, copies of employee lists, copies of vendor
files,  website  domain name of Weiss Guys Car Wash,  copies of customer  lists,
copies of  customer  records  and  information  and the right to use the name of
Weiss Guys (collectively, the "Intellectual Property") and;

     (i) All original  agreements and contracts and title documents  relating to
the items set forth in (a) through (h) above.

     At Closing,  Sellers shall convey to Purchaser good and marketable title to
the Assets  identified above under Sections 1.4(c) through 1.4(h) free and clear
of all liens,  security  interests claims, all amounts owed or accrued as of the
Closing,  , the  Assumed  Liabilities,  as  defined  in this  Agreement  and the
Permitted Exceptions, as defined in this Agreement.

     At Closing,  Sellers shall convey to Purchaser good and marketable title to
the  Owned  Real  Property,   free  and  clear  of  any  mortgages,   collateral
assignments,  security interests, liens, claims, charges or encumbrances without
exception, other than the Permitted Exceptions.

     In accordance with Section 1.4 of this Agreement at Closing, Purchaser will
be conveyed the  gasoline in  underground  storage  tanks at the  Locations.  In
accordance with Section 1.6 and 6.3 of this  Agreement,  Purchaser after Closing
is obligated to honor, without charge to the customers of the Locations, the car
wash  passes,  coupons  and  pre-paid  gift  cards  issued by the  Companies  in
connection with the Car Wash Business.  Sellers and Purchaser agree that for the
purpose of this Agreement the term ("Excess  Deferred  Revenue")  shall mean the
amount,  if any, by which the amount equal to (a) the deferred revenue amount on
the Companies books of account attributable to the customer passes, coupons, and
gift cards issued in connection  with the Car Wash Business at the Closing Date,
exceeds by more then One Hundred Thousand ($100,000) Dollars the amount equal to
(b) the inventory  amount on the Companies books of account  attributable to the
gasoline in  underground  storage tanks at the Locations on the Closing Date. At
the Closing,  Purchaser  shall receive a purchase price  reduction  equal to the
amount of the Excess Deferred Revenue, if any.

     Section 1.5 Excluded  Assets.  The parties agree that the Assets being sold
do not include any cash, accounts receivables, inventory (other then gasoline in
underground  storage tanks at the Locations),  the original  financial books and
records of the Companies and insurance  polices and insurance  reserves relating
to the Car Wash Business.  Copies of the financial  books and records of the Car
Wash Business will be made  available by the Sellers,  to Purchaser  both before
and after Closing, for examination, inspection and copying.

     Section 1.6 Assumption of Obligations.  Purchaser  agrees to (i) assume all
rights and  obligations  existing as of and arising after the Closing Date under
the  Contractual  Obligations,  and (ii) honor and accept all  customer  passes,
coupons,  and gift cards issued in connection with the Car Wash Business through
the Closing  Date and (iii)  assume all  liabilities,  responsibilities  and all
obligations  arising  with  respect  to  Applicable  Laws,  as  defined  in this

                                       4
<PAGE>

Agreement relating to Locations  ("Assumed  Liabilities").  Notwithstanding  the
foregoing   definition   of  Assumed   Liabilities,   the   Purchaser  may  seek
indemnification  under the  provisions  of Article IX for the  violation  of any
representation  or  warranty  of Sellers  under  this  Agreement  regarding  the
violation of Applicable Laws at the Locations.

     Section 1.7  Non-Assumption  of  Liabilities.  Purchaser  shall not, by the
execution  and  performance  of this  Agreement  or  otherwise,  assume,  become
responsible  for,  or incur any  liability  or  obligation  of any nature of the
Sellers,  except for the Assumed  Liabilities  being  assumed  under Section 1.6
hereof. By way of illustration,  Purchaser shall not assume,  become responsible
for,  or incur  any  liability  for  whether  legal  or  equitable,  matured  or
contingent, known or unknown, foreseen or unforeseen, ordinary or extraordinary,
patent or latent,  arising out of occurrences  prior to the Closing Date arising
out of or relating to: (a)  violation of the  requirements  of any  governmental
authority or of the rights of any third  person,  relating to the  reporting and
payment of federal,  state, or other income Tax Liabilities of Sellers;  (b) any
severance pay, or accrued  vacation pay obligation or any other potential claims
that could be brought or alleged by any of the  Sellers  employees  for  periods
prior to the Closing Date, or any  obligations  under any employee  benefit plan
(within the meaning of Section 3(3) of the Employee  Retirement  Income Security
Act of 1974,  as amended) or any other  fringe  benefit  program  maintained  or
sponsored  by  Sellers  or to  which  any  of  the  Sellers  contributes  or any
contributions,  benefits  or  liabilities  therefore  or any  liability  for the
withdrawal or partial withdrawal from or termination of any such plan or program
by the Sellers; (c) the interest bearing debts of the Sellers, (d) any violation
by the Sellers of any federal,  state or local antitrust,  racketeering or trade
practice law, (e)  liabilities  or  obligations  of the Sellers for brokerage or
other  commissions  relative to this Agreement or the transactions  contemplated
hereunder,  (f) any and all liability and obligation for commissions and bonuses
listed on Schedule 3.13; and (g) any rights, liabilities or responsibilities for
any lease agreement that is not listed in Schedule 1.4(e).

     Section 1.8 Time For Closing; Damages; and Termination.

     (a) Following  execution of this Agreement,  Purchaser and Sellers shall be
obligated to conclude the Closing by the Closing  Date.  Neither the Sellers nor
Purchaser  shall be deemed in default  hereunder  by reason of any  failure of a
condition  precedent to the obligations of either Sellers or Purchaser hereunder
where such  failure has  occurred  for  reasons  beyond the control of the party
unable to satisfy the condition precedent to the other party's obligations under
this Agreement.

     (b) If the failure to conclude this  transaction  is due to the refusal and
failure of Sellers to perform their obligations under this Agreement,  Purchaser
may  elect  to  seek to  enforce  this  Agreement  with an  action  of  specific
performance,  or  alternatively,  Purchaser  may  elect as sole  and  liquidated
damages  the sum of  $500,000,  and  Purchaser  shall  be paid the  Deposit  and
interest thereon. The parties acknowledge that the Purchaser's actual damages in
the event of a default  by  Sellers  are  difficult  to  ascertain  and that the
$500,000 (along with return of the Deposit made with interest thereon) is a fair
approximation of the damages Purchaser is expected to suffer.

                                       5
<PAGE>

     (c) If the failure to conclude this  transaction  is due to the refusal and
failure of Purchaser to perform its obligations  under this  Agreement,  Sellers
shall be paid the Deposit and interest thereon,  as sole and liquidated damages.
The  parties  acknowledge  that the  Sellers  actual  damages  in the event of a
default by  Purchaser  are  difficult  to  ascertain  and that the  Deposit  and
interest is a fair approximation of the damages Sellers are expected to suffer.

     (d)  This  Agreement  and  the  transactions  contemplated  hereby  may  be
terminated at any time prior to the Closing Date:

               (i) by mutual written agreement of Purchaser and MSI;

               (ii)  by MSI,  or by  Purchaser  in the  event  Purchaser  or the
Sellers, as applicable,  makes a material misrepresentation under this Agreement
or breaches a material covenant or agreement under this Agreement,  and fails to
cure such  misrepresentation  or breach  within ten (10)  business days from the
date of written notice of the existence of such misrepresentation or breach; or

               (iii) by MSI or  Purchaser,  if the Closing does not occur by the
Closing  Date or such  other date as may be agreed to by the  parties  hereto in
writing,  due to the  non-fulfillment  of a condition  precedent to such party's
obligation  to close as set forth at Article VII or VIII hereof,  as  applicable
(through no fault or breach by the terminating party).

     All terminations  shall be exercised by sending the other parties a written
notice of the termination. In the event this Agreement is terminated as provided
herein,  this Agreement shall become void and be of no further force and effect,
the Deposit paid as set forth in Section 1.3(c),  and no party hereto shall have
any further  liability to any other party  hereto,  except that Section  1.3(c),
this Section 1.8,  Article IX,  Section 10.1, and Section 10.2 shall survive and
continue in full force and effect,  notwithstanding termination. The termination
of this Agreement shall not limit,  waive or prejudice the remedies available to
the  parties,  at law or in equity,  for a breach of this  Agreement,  except as
limited by this Agreement.

     Section 1.9 Deliveries by Purchaser.

     (a) At the Closing, Purchaser shall deliver, all duly and properly executed
(where applicable):

               (i) The Purchase Price in United States currency by wire transfer
to MSI as set forth in Section 1.3(a);

               (ii) A copy  of the  resolutions  of  the  requisite  members  or
managers of Purchaser  authorizing  the execution and delivery of this Agreement
and each other agreement to be executed in connection  herewith (the resolutions
and agreements to be executed in connection herewith by Sellers and/or Purchaser
are referred to in this Agreement  collectively,  as the "Collateral Documents")
and the consummation of the transactions contemplated herein;

                                       6
<PAGE>

               (iii) Other documents and instruments required by this Agreement,
if any;

               (iv) An Assignment and Assumption  Agreement in the form attached
hereto as Schedule 1.9(a)(iv) ("Assignment Agreement"); and

               (v) A Lease Assignment  accepting the conveyance of the Companies
to Purchaser of each  leasehold  interest in the Leased Real  Property,  general
form and substance, as attached as Schedule 1.9(a)(v) ("Lease Assignment").

     Section 1.10 Deliveries by Sellers.

     (a) At the  Closing,  each of the  Sellers  shall  deliver,  all  duly  and
properly executed (where applicable):

               (i) A Bill of Sale for the Assets related to the Locations  owned
by each Seller to be conveyed  and  assigned,  in the form  attached as Schedule
1.10(a)(i);

               (ii) A certified  copy of  resolutions  of the  directors  of the
Sellers authorizing the execution and delivery of this Agreement and each of the
Collateral  Documents to be executed in connection herewith by Sellers or either
of them;

               (iii) The  Certificate  described at Section  7.1,  executed by a
corporate officer of MSI;

               (iv) Special  Warranty Deeds,  conveying to Purchaser each parcel
of the Owned Real Property, subject only to the Permitted Exceptions (as defined
below), in the form attached as Schedule 1.10(a)(iv);

               (v) The Lease Assignments;

               (vi) Physical  possession of all Assets,  the Owned Real Property
and the Leased Real Property, subject only to any Contractual Obligations;

               (vii) The Assignment Agreement;

               (viii)   Customary  title   documentation,   including,   without
limitation, mechanics' lien affidavits; and

               (ix) Other documents and instruments  required by this Agreement,
if any.

     Section 1.11 Transfer Tax, Allocation of Purchase Price and Pro-Rations.

     (a) Sellers and Purchaser shall each bear or pay sales,  transfer taxes and
fees imposed on the conveyance of the Assets by all  governments,  state,  local
and federal in accordance with the provisions of Section 5.1 and 6.1.

                                       7
<PAGE>

     (b) The  parties  agree that the  consideration  for the sale of the Assets
shall be allocated  among the Assets as set forth on Schedule  1.11(b)  attached
hereto.  The Sellers and the Purchaser  acknowledge  that the allocation in such
Schedule,  will have been arrived at based upon their  negotiations and shall be
used by them for all purposes,  including,  but not limited to, federal,  state,
and local Tax and  financial  reporting  purposes,  and they  shall not take any
position inconsistent to the allocation. On the Closing Date, as applicable, the
Purchaser and the Sellers shall  execute  Internal  Revenue Form 8594 which form
shall be binding on the  Purchaser  and the  Sellers and shall be filed with the
income tax returns of the Purchaser and the Sellers.

     (c) The charges for the current  year's real estate  Taxes due with respect
to the Owned Real Property and Leased Real Property,  shall be prorated  between
the Companies and the  Purchaser  based on the Closing Date,  with the Companies
paying all such Taxes due prior to the Closing Date and the Purchaser paying all
such Taxes due on and after the Closing Date.

     (d) The charges for water,  electricity,  sewer rental,  gas, telephone and
all other utilities  pertaining to the Locations,  shall be prorated between the
Companies and the Purchaser based on the Closing Date, with the Companies paying
all such charges due prior to the Closing Date and the Purchaser paying all such
Taxes due on and after the Closing Date.

                                   ARTICLE II
                       Title and Environmental Inspection

     Section 2.1 Real Property. As set forth in the Recitals,  the Companies own
the Owned Real Property.  For purposes of this Agreement,  "Owned Real Property"
shall also include (i) all of the Company's right,  title and interest in and to
all easements,  rights-of-way,  privileges and appurtenances thereto, including,
without,  limitation,  all water and water rights,  ditch and ditch rights,  all
coal, oil, gas, and other minerals thereon or there under, (ii) all of Company's
right, title and interest in and to the beds of all streets,  roads,  avenues or
highways,  open or proposed,  abutting the Owned Real Property, and (iii) all of
Company's  right,  title  and  interest,   if  any,  in  and  to  any  award  in
condemnation,  or damages of any kind, to which Company may have become entitled
or may hereafter be entitled,  by reason of any exercise of the power of eminent
domain  with  respect to the Owned Real  Property or any other  right,  title or
interest to be sold  hereunder  or any part  thereof.  Sellers  shall  convey to
Purchaser at Closing good and marketable title to the Owned Real Property,  free
and clear of any mortgages,  collateral assignments,  security interests, liens,
claims, charges or encumbrances without exception,  other than utility easements
and other covenant restrictions,  if any, which do not impede the Location's use
as a car wash or adversely  affects the  marketability  of the Location's  title
("Permitted Exceptions").

     Section 2.2 Owner's  Title  Policy.  MSI has prior to the execution of this
Agreement  delivered to Purchaser the Current Title  Policies for the Locations.
MSI and Purchaser shall order new title  commitments  ("New Title  Commitments")
for the Owned Real Property from the First American Title Insurance Company (the
"Title  Insurer") as soon as practicable  after the date of this Agreement.  MSI
and Purchaser  shall each pay one half of the premium of any title insurance the

                                       8
<PAGE>

Title Insurer issues. The New Title Commitments shall be dated after the date of
this  Agreement  with  respect  to each  Owned  Real  Property,  and  shall be a
commitment  of the Title  Insurer  to issue  with  respect  to each  Owned  Real
Property a standard  coverage  ALTA  owners  policy of title  insurance  ("Title
Policy"). If the jurisdiction offers an extended coverage ALTA owners policy and
a standard  owners policy,  and Purchaser  wishes an extended  coverage  policy,
Purchaser shall solely pay the additional charge for the extended coverage.  The
Title Policy when issued shall insure title to the Owned Real  Property  covered
by  the  Title  Policy  to be in  fee  simple  subject  only  to  the  Permitted
Exceptions, as defined above. MSI and Purchaser shall cause the Title Insurer to
deliver to MSI and Purchaser along with the New Title Commitments  copies of all
documents  noted as exceptions in each of the New Title  Commitments.  Following
the date hereof, Seller shall not create or consent to the creation of any lien,
encumbrance or other matter  affecting  title to any of the Owned Real Property,
without Purchaser's prior written consent.

     Section 2.3 Leased Real  Property.  At  Closing,  the Leased Real  Property
shall be conveyed to Purchaser  through separate lease  assignments  executed by
the Companies which is the tenant under each applicable lease. The form of Lease
Assignment  that is  acceptable to both the Sellers and Purchaser is attached to
this Agreement as Schedule 1.9(a)(vii). Both the Sellers and the Purchaser shall
cooperate with each other for the purpose of agreeing to make reasonable changes
to the Lease  Assignment  form as are necessary to obtain the execution of it by
the separate  landlords of the Leased Real  Property.  The Sellers and Purchaser
also agree to use their  commercially  reasonable  efforts,  not to include  the
payment of money,  to satisfy  whatever  reasonable  requirements  the  separate
landlords  reasonably  request as a condition of  executing a Lease  Assignment.
After the date  hereof,  without the prior  written  consent of  Purchaser,  the
leases for the Leased Real Property shall not be amended, renewed, terminated or
otherwise modified or any new leases executed.

     Section 2.4  Survey.  MSI has  furnished  to  Purchaser  all of the Current
Surveys.  Purchaser, at its election, or as Purchaser's lenders may require, may
have updates or new surveys made at its expense ("Updated Surveys"). Within five
days after the  execution of this  Agreement,  Purchaser  will order the Updated
Surveys it requires  and will  notify  Sellers in writing of the  Locations  for
which  Updated  Surveys  have  been  ordered.   Sellers  will  use  commercially
reasonable  efforts to cooperate and aid  Purchaser's  surveyor in preparing the
Updated  Surveys  commissioned by Purchaser.  Purchaser  shall use  commercially
reasonable  efforts  to  obtain  the  commissioned  Updated  Surveys  as soon as
possible.

     Section 2.5  Environmental  Reports.  MSI has furnished to Purchaser all of
the Phase 1  Environmental  Reports  relating to the  Locations  that are in its
possession.  Purchaser,  at its  election,  may have new or  additional  Phase 1
Environmental  Reports  updates made for the Locations at its expense  ("Updated
Phase 1  Reports").  Within  five days after the  execution  of this  Agreement,
Purchaser  will order the Updated  Phase 1 Reports it  requires  and will notify
Sellers in writing of the  Locations for which Updated Phase 1 Reports have been
ordered.  Sellers will use commercially  reasonable efforts to cooperate and aid
Purchaser's  environmental  consultant  in preparing the Updated Phase 1 Reports
commissioned by Purchaser.  Purchaser shall use commercially  reasonable efforts
to  obtain  the  commissioned  Updated  Phase 1  Reports  as  soon as  possible.

                                       9
<PAGE>

Purchaser  will furnish MSI with copies of each Updated Phase 1 Report  obtained
by it for the Locations  within two days after  Purchaser  receives each Updated
Phase 1 Report.

     Section 2.6 Inspections.

     (a)  Purchaser  shall  have the right to  examine  the title to each of the
Locations.  If  during  the  Title  Inspection  Period,  as  hereafter  defined,
Purchaser  determines  that the  Location's  title is subject to  exceptions  or
objections  to  title  that do not  come  within  the  definition  of  Permitted
Exceptions,  as set forth in Section 2.1 above,  Purchaser  shall have until the
end of the Title  Inspection  Period to notify  MSI in writing  specifying  such
defects that in Purchaser's opinion are not Permitted Exceptions. MSI shall have
ten (10) days from  receipt of written  notice from  Purchaser  within  which to
remove  said  defects or agree to have them  removed by  Closing,  and if MSI is
unsuccessful in removing them within said time,  Purchaser shall have the option
of  either:  (i)  accepting  the  title to the  Location  in its  then  existing
condition;  or (ii)  deleting the Location  from this  Agreement  whereupon  the
Purchase  Price will be reduced by an amount  allocated  to the  Location as set
forth on  Schedule  1.11(b)  All  exceptions  to title or the  surveys  to which
Purchaser does not object during the Title Examination Period, or if objected to
by Purchaser,  are cured by MSI or are subsequently waived by Purchaser shall be
deemed to be within the  definition  of  Permitted  Exceptions,  as set forth in
Section 2.1. The Title  Inspection  Period as to each Location shall be ten days
after the date that Purchaser receives with respect to the Location, the last to
be  received of (i) the New Title  Commitment  for the  Location  along with the
documents  noted as exceptions in the New Title  Commitment and (ii) the Updated
Survey  for the  Location,  provided  an  Undated  Survey  was  commissioned  by
Purchaser  within the time required by Section 2.4 of this Agreement.  The Title
Examination  Period for a Location shall be extended for an additional  five (5)
business day period with respect to any  supplements or updates to any New Title
Commitment or Updated Survey received by Purchaser prior to the Closing Date but
Purchaser may only object to facts first revealed by the supplement or update.

     (b) Purchaser shall have the right to examine the environmental  compliance
condition  of each of the  Locations.  If during  the  Environmental  Inspection
Period,  as  hereafter  defined,   Purchaser   determines  that  the  Location's
environmental  condition requires  remediation of soil or ground water at a cost
in excess of Five Thousand ($5,000) Dollars,  Purchaser shall have until the end
of the Environmental  Inspection Period to notify MSI in writing specifying such
defects  that in  Purchaser's  opinion  require  remediation  in  excess of Five
Thousand ($5,000) Dollars.  MSI shall have ten (10) days from receipt of written
notice from  Purchaser  within  which to cure said defects or agree to have them
cured by Closing,  and if MSI is unsuccessful in removing them within said time,
Purchaser  shall  have the  option of  either:  (i)  accepting  the title to the
Location in its then  existing  environmental  condition;  or (ii)  deleting the
Location from this Agreement whereupon the Purchase Price will be reduced by the
amount  allocated  to  the  Location  as  set  forth  on  Schedule  1.11(b)  The
Environmental  Inspection Period as to each Location shall be fifteen days after
the date that Purchaser  receives with respect to the Location the Updated Phase
1 Report for the Location,  provided an Updated Phase 1 Report was  commissioned
by  Purchaser  within  the  time  required  by  Section  2.5 of this  Agreement.

                                       10
<PAGE>

Notwithstanding  the above,  Purchaser accepts the environmental  conditions set
forth on Schedule 3.5(d) and the environmental  conditions set forth on Schedule
3.5(d) shall not be objected to by Purchaser.

     (c) Purchaser and Sellers agree that if in accordance with the operation of
Sections 2.6(a) and 2.6(b) above,  three or more Locations are deleted from this
Agreement or if the  Locations  deleted  generated  $500,000 or more in earnings
before interest,  taxes,  depreciation and amortization during fiscal year 2005,
either  Purchaser or MSI may cancel this Agreement by sending  written notice to
the  other  party,  whereupon  the  parties  shall be  released  of all  further
obligations under this Agreement and the Deposit shall be returned to Purchaser.

                                   ARTICLE III
                    Representations and Warranties of Sellers

     Whenever the phrase "to Sellers'  knowledge"  or any  equivalent  phrase is
used in this  Agreement,  the  phrase  shall mean the  actual  knowledge  of any
executive corporate officer of MSI.  Notwithstanding the foregoing, no executive
officer of MSI shall be  required to  undertake  any  affirmative  investigative
action for the purposes of satisfying  the preceding  sentence.  With  knowledge
that  Purchaser is relying upon the  representations,  warranties  and covenants
herein  contained,  Sellers  represent  and  warrant to  Purchaser  and make the
following  covenants for Purchaser's  benefit,  at and as of the date hereof and
the date of Closing.

     Section 3.1  Organization  and Good  Standing.  Each of the Sellers is duly
organized,  legally existing and in good standing under the laws of the state of
their  organization,  with full power and  authority to own its  properties  and
conduct its business as now being  conducted,  and has been duly admitted and is
in good  standing  under  the laws of each  state in which it owns  property  or
operates a business.

     Section  3.2   Authorization;   Ownership.   The  Sellers  have  by  proper
proceedings  duly  authorized  the execution,  delivery and  performance of this
Agreement and each of the Collateral Documents to be entered into by Sellers and
no other  action is  required by law or the  certificate  of  incorporation,  or
by-laws of any Seller.  This Agreement and the  consummation of the transactions
contemplated  hereby are valid and binding  obligations  of Sellers  enforceable
against each Seller in accordance with its terms;  provided that (i) enforcement
may be limited by applicable bankruptcy, insolvency, reorganization,  moratorium
or similar  laws of general  application  affecting  the rights and  remedies of
creditors,  and (ii) enforcement may be subject to general principles of equity,
and the availability of remedies of specific  performance and injunctive  relief
may be subject to the  discretion of the court before which any  proceeding  for
such remedies may be brought. The Sellers own each of the Assets.

     Section 3.3  Contracts,  Permits and Material  Documents.  The Sellers have
made true and correct copies of all of the following available for inspection by
the Purchaser by providing  copies.  ("Material  Documents") with respect to the
Business and the Assets:  (i) leases for the Leased Real  Property,  (ii) leases

                                       11
<PAGE>

under  which  any of  portion  of the  Owned  Real  Property  is leased to third
parties,  (iii) the  Contractual  Obligations  being  assumed  by  Purchaser  at
Closing,  (iv) Phase 1 environmental reports for the Locations in the possession
of  Sellers,  and (v)  with  respect  to any oral  contract,  a  summary  of the
principal  terms  thereof as appearing on Schedule 3.3 to this  Agreement.  Each
Material Document is in full force and effect and constitutes the valid,  legal,
binding and enforceable  obligation of the Sellers (except as the enforceability
thereof may be limited by any applicable bankruptcy, reorganization,  insolvency
or other laws affecting  creditors' rights generally or by general principles of
equity).  Sellers  are  not in  breach  or  default  of any  material  terms  or
conditions  of the  Material  Documents,  or to Sellers'  knowledge is any third
party in breach or default of any material  terms or  conditions of any Material
Document. Except for debt that Purchaser will not be assuming, the Companies are
not a party to, and the  Companies'  property is not bound by, any  agreement or
instrument which is material to the continued conduct of business  operations of
the Companies,  as now being conducted,  except for the Material Documents,  and
except  as listed in  Schedule  3.3.  Sellers  and  Purchaser  agree to take all
commercially  reasonable  action  before the Closing  applicable  to each of the
Material  Documents to obtain any  consents or  approvals  required so that each
such Material Document may be assigned to Purchaser at the applicable Closing as
contemplated under this Agreement,  excepting those Material Documents which are
not to be assigned as set forth on Schedule 1.4(e).

     Section  3.4  Personal  Property;  Title to Assets.  All items of  personal
property  at the  Locations  and used in the Car Wash  Business,  except for the
Excluded  Assets used in the Car Wash  Business,  are included  among the Assets
described in Section 1.4 hereof and will be transferred to Purchaser at Closing.
All items of personal  property and all  buildings and  structures  owned by the
Sellers  are being  transferred  "as is" with no  warranty  as to  condition  or
suitability  of the Assets for the current use of the Assets.  Each Location and
the  personal  property  present  at the  Location  is  owned by the each of the
Companies, as set forth on Schedule 1.3.

     Section 3.5 Real Property.

     (a) MCW has valid  leasehold  interests  in each  parcel of the Leased Real
Property and the Companies  have good,  marketable  and insurable  title to, the
Owned Real  Property,  except  for the  Permitted  Exceptions  and debt that the
Companies will fully pay at the Closing.  Full and complete copies of all of the
leases  applicable to the Leased Real Property,  including all modifications and
amendments thereof,  have been furnished to Purchaser and identified in Schedule
1.4(e).

     (b) To Sellers' knowledge,  except as set forth in Schedule 3.5(b) attached
hereto and incorporated herein, the Owned Real Property and Leased Real Property
is currently  licensed,  permitted and  authorized  for the operation of the Car
Wash  Business  conducted on it under all  applicable  federal,  state and local
statutes,  laws,  rules,  regulations,   orders,  permits  (including,   without
limitation,  zoning restrictions,  land use requirements and environmental laws)
(collectively, the "Applicable Laws"). Except as set forth in Schedule 3.5(b) or
Schedule  3.5(d) or 3.5(e),  Sellers have not received any written notice of the
material  violation  of any  Applicable  Laws with  respect  to the  Owned  Real
Property or the Leased Real Property.  To Seller's knowledge except as set forth
on Schedule 3.5(d) or 3.5(e), no claims have been threatened by any governmental

                                       12
<PAGE>

agency  regarding any existing,  pending or threatened  investigation,  inquiry,
enforcement  action  or  litigation  related  to  alleged  violations  under any
applicable environmental laws, or regarding any claims for remedial obligations,
response  costs or  contribution  under any  applicable  environmental  laws, or
regarding any claims for remedial  obligations,  response costs or  contribution
under any applicable environmental laws.

     (c) The Sellers shall make available upon  Purchaser's  reasonable  request
all  engineering,  geologic and other similar  reports,  documentation  and maps
relating to the Owned Real Property and Leased Real  Property in the  possession
or control of the Sellers their consultants or employed professional firms.

     (d) Except as set forth in Schedule 3.5(d) attached hereto and incorporated
herein by reference,  neither Sellers nor the Owned Real Property or Leased Real
Property is currently  involved in any litigation or  administrative  proceeding
seeking to impose fines,  penalties or other  liabilities or seeking  injunctive
relief for violation of any Applicable Laws relating to the environment.

     (e) To Seller's knowledge, no polluting, toxic or hazardous substances were
improperly used, generated,  treated, stored, or disposed of at the Locations by
Sellers.  Except as listed in Schedule  3.5(e) no  notification  of release of a
"hazardous  substance",  "hazardous waste",  pollutant or contaminant  regulated
under the Clean Air Act, 42 U.S.C.  7401 et seq.; the Clean Water Act, 33 U.S.C.
1251 et seq.,  and the  Water  Quality  Act of 1987;  the  Federal  Insecticide,
Fungicide,  and Rodenticide  Act, 7 U.S.C.  136 et seq.; the Marine  Protection,
Research,   and  Sanctuaries   Act,  33  U.S.C.   1401  et  seq.,  the  National
Environmental  Policy Act, 42 U.S.C.  4321 et seq.;  the Noise  Control  Act, 42
U.S.C.  4901 et seq.; the  Occupational  Safety and Health Act, 29 U.S.C. 651 et
seq.;  the Resource  Conservation  and Recovery Act, 42 U.S.C.  6901 et seq., as
amended by the Hazardous and Solid Waste  Amendments of 1984;  the Safe Drinking
Water Act, 42 U.S.C.  300f et seq.;  the  Comprehensive  Environmental  Response
Compensation and Liability Act ("CERCLA"), 42 U.S.C. 9601 et seq., as amended by
the Superfund  Amendments and  Reauthorization  Act, and the Emergency Planning,
and Community Right-to-Know Act; the Toxic Substance Control Act, 15 U.S.C. 2601
et seq.;  and the  Atomic  Energy  Act,  42 U.S.C.  2011 et seq.;  all as may be
amended,  with  implementing  regulations and guidelines,  or any state or local
environmental  law,  regulation or ordinance,  has been received by the Sellers.
Except as listed in Schedule  3.5(e),  the Owned Real  Property  and Leased Real
Property is not listed or formally proposed for listing on the National Priority
List promulgated  pursuant to CERCLA or on any state list of hazardous substance
sites requiring investigation or clean-up.

     (f)  To  Sellers'  knowledge,  there  are  no  levied  special  assessments
affecting all or any part of the Owned Real  Property  owed to any  governmental
entity.

     (g)  There  are  no  proceedings  or  amendments  pending,  or to  Sellers'
knowledge  threatened by any third party,  which would result in a change in the
allowable uses of the Owned Real Property or Leased Real Property, except as set
forth in Schedule 3.5(g) attached hereto and incorporated herein by reference.

                                       13
<PAGE>

     Section 3.6 Financial Statements. True and correct copies of the Historical
Financial  Statements of MSI are on file at the Edgar web site of the Securities
and Exchange Commission. True and correct copies of the operating records of the
Car Wash  Businesses  have been provided to Purchaser.  The Car Wash  Businesses
operating records supplied to Purchaser are correct in all material respects for
the  periods  of the  operating  records.  The  Historical  Financials  (a) were
prepared in accordance with GAAP applied on a consistent basis (except as may be
indicated therein or in the notes or schedules thereto),  and (b) fairly present
the  financial  position  of MSI as of the dates  specified  and the  results of
operations  in all  material  respects of the  Company  for the periods  covered
thereby.  Since  the  date  of the  Historical  Financials  to the  date of this
Agreement,  there  have  been  no  material  adverse  changes  in the  financial
condition, assets, liabilities, results of operation of the Car Wash Business.

     Section 3.7 Changes. Except as set forth on Schedule 3.7, since the date of
the  Historical  Financials.  to the  date of this  Agreement's  execution,  the
Sellers have  conducted the Car Wash  Business in the in the Ordinary  Course of
the Business and there have not been:

     (a) any  sale,  lease,  transfer  or  assignment  of assets of the Car Wash
Business other than in the Ordinary Course of the Business;

     (b) any entry into or  amendment,  modification  or waiver of any  material
terms of any contract or required permit  involving or likely to involve payment
in excess of $20,000;

     (c)  any  default   under,   or   violation,   acceleration,   termination,
modification or cancellation of, any contract or required permit,  other then in
the Ordinary Course of the Business;

     (d) any creation or imposition of any encumbrance upon any of the assets or
properties of the Car Wash Businesses;

     (e) any capital  expenditure  (or series of related  capital  expenditures)
relating to the Car Wash  Businesses  involving  more than $25,000  individually
other then in the Ordinary Course of the Business;

     (f) any material  increase in prompt payment or pre-payment  rebates,  most
favored  pricing  or other  price  protections  or  similar  programs,  or other
material  change in the  sales,  pricing,  cash  management,  billing,  payment,
collection or cancellation policies or practices of the Car Wash Business;

     (g) any material  delay or  postponement  of accounts  payable or any other
liabilities of the Businesses outside the Ordinary Course of the Business;

     (h) any  grant of any  license  or  sublicense  of any  material  rights or
material  modification  of any rights  under or with  respect to, or  settlement
regarding  any  infringement,   misappropriation  or  alleged   infringement  or
misappropriation  of rights in any of the Intellectual  Property of the Car Wash
Business outside of the Ordinary Course of the Business;

                                       14
<PAGE>

     (i) any cancellation,  compromise,  waiver or release of any right or claim
(or series of rights and  claims)  in excess of $5,000 in the  aggregate  or any
affirmative act by the Companies to accelerate  claims,  outside of the Ordinary
Course of the Business;

     (j) any entry into or  termination  of  employment  contracts or collective
bargaining  agreements  written or oral, to the extent  relating to the Car Wash
Business,  or material  modifications  of the terms of any  existing  employment
contract or collective  bargaining  agreement relating to the Car Wash Business;
or

     (k) any commitment with respect to any of the foregoing.

     Section 3.8 Legal  Authority  and  Compliance.  The Sellers have the right,
power,  legal capacity and authority to enter into, and perform their respective
obligations  under this Agreement,  and, except as set forth in Schedule 3.8, no
approvals  or  consents  of any other  persons  or  entities  are  necessary  in
connection with the transactions  contemplated by this Agreement. The execution,
delivery and  performance  of this  Agreement  have been duly  authorized by the
board of  directors  of the  Sellers.  The  execution  and  performance  of this
Agreement  will not  result in a  material  breach of or  constitute  a material
default or result in the loss of any material right or benefit under:

     (a) Any charter,  by-law,  agreement or other document to which the Sellers
are a party or by which the Sellers or any of their properties are bound; or

     (b) Any decree, order or rule of any court or governmental  authority which
is binding on the Sellers on any property of the Sellers.

     Section 3.9 Transaction Intermediaries.  No agent or broker or other person
acting  pursuant to the authority of any Seller is entitled to any commission or
finder's fee in connection with the transactions contemplated by this Agreement,
except for any Legg Mason  commission or fee, for which Sellers shall  indemnify
Purchaser.

     Section 3.10 Intellectual Property. To Sellers knowledge, the Companies are
not now infringing on any Intellectual Property belonging to any person, firm or
corporation,  and to the  knowledge of the Sellers,  no one has  infringed or is
infringing any Intellectual Property right of the Companies.

     Section 3.11 Disclosure.  The representations and warranties of the Sellers
contained  in this  Article III or in any Exhibit or Schedule or other  document
delivered by the Sellers pursuant hereto, do not contain any untrue statement of
a material  fact, or omit any statement of a material fact necessary to make the
statements  contained not misleading.  If, prior to Closing,  the Sellers become
aware of any factual change, inaccuracy, misrepresentation or omission in any of
the Schedules, they shall immediately advise Purchaser in writing of the factual
change  inaccuracy,  misrepresentation  or omission  and Sellers  shall have the
right,  subject to the  provisions of Section  10.14,  to update the  Disclosure
Binder accordingly.

                                       15
<PAGE>

     Section 3.12 Litigation.  All material  pending or, to Sellers'  knowledge,
material  threatened  litigation,  administrative  or  judicial  proceedings  or
investigations by any governmental  agency or officials involving the Companies,
the Owned Real Property, the Leased Real Property, or the Assets that could have
a Material Adverse Effect,  together with a description of each such proceeding,
is set forth on Schedule 3.12 attached.

     Section 3.13  Employees.  Within five (5) days after the  execution of this
Agreement,  the Companies  shall supply the Purchaser a true and correct list of
their employees and independent  contractors as appearing from their records for
the most recent date the  information  can be printed from a computer  file. The
list shall  contain the  information  kept by the  Companies  in their  computer
records. After the date of this Agreement,  Purchaser may inspect the employment
files of the Companies'  employees and files of independent  contractors.  There
are no written  employment  agreements which will affect the Purchaser after the
Closing  Date  other than as listed on  Schedule  3.13.  Further,  other than as
listed on Schedule 3.13, to Sellers knowledge,  there are no employment cases or
administrative  proceedings  currently  pending  against  the  Companies,  or to
Sellers' knowledge,  threatened, with respect to any employees. Except as may be
determined from the employment records of the Companies,  none of such employees
are on  maternity  leave or absent on grounds of  disability  or other long term
leave of absence or have given notice to terminate their employment. All Persons
with whom the Companies  have engaged as  independent  contractors  are properly
classified as independent  contractors  for Tax purposes.  The Companies are not
subject to any  collective  bargaining  agreement.  No  unresolved  unfair labor
practice  charge has been  brought  against the  Companies  with  respect to the
operation  of the Car Wash  Business,  and  there has been no work  stoppage  or
strike by their  employees.  To Sellers  knowledge,  the Companies have complied
with all applicable laws relating to the employment of labor, including, without
limitation, those relating to wages, hours and collective bargaining. No audits,
investigative  or other  administrative  proceedings  or court  proceedings  are
presently  pending or, to  Sellers'  knowledge,  threatened,  with regard to any
obligation of the Companies as an employer.

     Section 3.14 Employee Benefits  Matters.  Schedule 3.14 lists each Employee
Benefit Plan that Seller maintains or to which Seller contributes.  With respect
thereto, (i) each such Employee Benefit Plan (and each related trust,  insurance
contract,  or fund) has been  maintained,  funded and administered in accordance
with the  terms  of such  Employee  Benefit  Plan  and  complies  in form and in
operation  in all respects  with the  applicable  requirements  of ERISA and the
Code; and (iii) no action or investigation with respect to the administration or
the  investment  of the assets of any such  Employee  Benefit  Plan  (other than
routine claims for benefits) is pending.

     Section  3.15  Insurance.  Seller  has  made  available  to  Purchaser  for
examination  true and  complete  copies  of all  liability,  property,  workers'
compensation  and other insurance  policies  currently in effect that insure the
Car Wash  Businesses,  the employees of the Businesses or the Assets.  Each such
insurance policy is valid and binding and in full force and effect, all premiums
currently due thereunder  have been paid and the Companies have not received any
notice of  cancellation  or  termination  in respect of any such policy or is in
default thereunder.  The Sellers have no knowledge of any notice or request from
any insurance company  requesting the performance of any work or alteration with
respect to the Assets.  The Sellers have not received  notice from any insurance

                                       16
<PAGE>

company  concerning,  nor are  there,  to  Sellers'  knowledge,  any  defects or
inadequacies  in the  Assets,  which,  if not  corrected,  would  result  in the
termination of insurance coverage or increase its cost.

     Section 3.16 Tax Returns;  Taxes. The Sellers have filed,  will timely file
or has filed for extension requests for all federal, state and local Tax Returns
and Tax  reports  required  by  such  authorities  to be  filed  by the  Sellers
pertaining  to  the  Car  Wash  Business.  The  Sellers  have  paid  all  Taxes,
assessments,  governmental charges, penalties, interest and fines due or claimed
to be due by any  federal,  state or local  authority.  There is no pending  Tax
examination  or audit of,  nor any,  suit,  or claim  asserted  or, to  Seller's
knowledge,  threatened  against  the  Sellers  by any  federal,  state  or local
authority  pertaining  to the Car Wash  Business;  and the Sellers have not been
granted any extension of the limitation period applicable to any Tax claims.

                                   ARTICLE IV
                   Representations and Warranties of Purchaser

     With  knowledge   that  Sellers  are  relying  upon  the   representations,
warranties and covenants herein contained, the Purchaser represents and warrants
to Sellers and makes the following covenants for the Sellers' benefit, at and as
of the date hereof and the date of Closing.

     Section 4.1 Organization and Good Standing. The Purchaser is duly organized
and legally existing in good standing under the laws of the state of Arizona.

     Section 4.2 Authorization to Proceed with this Agreement.  Purchaser has by
proper  corporate  proceedings  duly  authorized  the  execution,  delivery  and
performance  of this  Agreement  and each  other  agreement  contemplated  to be
entered into and no other corporate action is required by law or the Articles of
Organization  or by-laws of  Purchaser.  Purchaser has the right,  power,  legal
capacity and  authority to enter into,  and perform its  obligations  under this
Agreement,  and neither the execution nor  performance  of this  Agreement  will
result in a material breach of or constitute a material default or result in the
loss of any material right or benefit under:

     (a) Any charter,  by-law, agreement or other document to which Purchaser is
a party or by which Purchaser or any of its property is bound; or

     (b) Any decree, order or rule of any court or governmental  authority which
is binding on Purchaser or on any property of the Purchaser.

     Section 4.3 Absence of  Intermediaries.  No agent,  broker, or other person
acting  pursuant  to  Purchaser's  authority  will be entitled to make any claim
against the Sellers for any  commission or finder's fee in  connection  with the
transactions contemplated by this Agreement.

                                       17
<PAGE>

                                    ARTICLE V
                        Additional Agreements of Sellers

     The parties hereto  covenant and agree with the other,  as  applicable,  as
follows:

     Section 5.1 Payment of Expenses. MSI will pay all expenses (including legal
fees)  incurred  by  it  in  connection  with  the  negotiation,  execution  and
performance of this Agreement. MSI, in addition to its other expenses, shall pay
at Closing (i) one-half of all premiums for a standard Title Policy on the Owned
Real Estate,  (ii)  one-half of all  transfer  taxes,  excise fees,  documentary
stamps and recording  fees  associated  with the transfer and  conveyance of the
Owned Real  Property,  the  Leased  Real  Property,  and the  Assets,  and (iii)
one-half of all closing, escrow and other fees charged by the Escrow Agent.

     Section 5.2 Access to  Records.  The Sellers  will give  Purchaser  and its
representatives,  from the date hereof  until  eighteen  (18)  months  after the
Closing Date, full access during normal business hours upon reasonable notice to
all of the properties,  books, contracts,  customer lists, documents and records
of the Sellers not  delivered  to Purchaser at Closing that pertain to the Owned
Real  Property,  Leased Real Property and the Assets,  and to make  available to
Purchaser and its representatives, experts and advisers all additional financial
information of and with respect to the Car Wash  Business,  Owned Real Property,
Leased Real  Property  and the Assets that  Purchaser  may  reasonably  request.
Purchaser and its  representatives  shall have the right to copy any information
or documentation the Purchaser is entitled to inspect under this Section 5.2. In
the event that this transaction is not consummated for any reason, all documents
and due diligence  materials  provided to Purchaser by Sellers shall be returned
to MSI, and all  documents and due  diligence  materials  provided to Sellers by
Purchaser shall be returned to Purchaser.

     Section 5.3 Continuation of Business. The Sellers will operate the Car Wash
Business  until the Closing in the  Ordinary  Course of the  Business,  so as to
preserve its value intact,  and to preserve for Purchaser the  relationships  of
the Company  with  suppliers,  customers,  and others.  If any of the Owned Real
Property or Leased Real Property is damaged or  destroyed,  the Sellers will (i)
repair or replace the damaged or destroyed  property or (ii) assign to Purchaser
the insurance payment received or to be received with respect to the destruction
and Purchaser shall receive a credit against the purchase price in the amount of
any the deductible  relating to the damage or  destruction  under the respective
insurance policies.

     Section  5.4  Continuation  of  Insurance.  The  Companies  shall  keep  in
existence  all policies of insurance  insuring the Owned Real  Property,  Leased
Real Property and the Assets and the  operation  thereof  against  liability and
property damage,  fire and other casualty  through the Closing,  consistent with
the policies currently in effect.

     Section 5.5 Standstill Agreement.  Until the Closing Date, unless and until
this Agreement is earlier terminated pursuant to the provisions hereof,  Sellers
will not, directly or indirectly solicit offers for the Car Wash Business, Owned
Real Property, Leased Real Property or the Assets.

                                       18
<PAGE>

     Section 5.6  Employment  of Employees of the  Businesses.  The Sellers have
provided  Purchaser  with  information on the employees of the Car Wash Business
(collectively,  the "Employees").  Upon the reasonable request of Purchaser, the
Companies shall provide an updated list of Employees to Purchaser. The Purchaser
shall offer at will  employment  to the  Employees  beginning  as of the Closing
Date,  on  such  terms  and  provisions  as  Purchaser  determines  at its  sole
discretion.

     Section 5.8 WARN Act. The Sellers  shall not be  responsible  for providing
the notices to the Employees  required by the Worker  Adjustment  and Retraining
Notification  Act (the "WARN Act"), 29 U.S.C. ss. 2101 et seq. as Purchaser will
be offering employment to the Employees.

     Section 5.9 Regulatory and Other Authorizations; Notices and Consents.

     (a) Sellers and  Purchaser  shall  cooperate  with each other and use their
respective   commercially   reasonable   efforts   to  obtain   all   approvals,
authorizations   and  consents   required  to  be  obtained  to  consummate  the
transaction  set forth in this Agreement,  including,  without  limitation,  the
approval of every regulatory agency of federal,  state, or local government that
may be required  in the opinion of either  Purchaser  or  Sellers.  Further,  if
Purchaser in its reasonable  discretion deems Sellers'  assistance to be useful,
and at  Purchaser's  request,  Sellers will assist and cooperate  with Purchaser
(such assistance  excludes hiring of third parties,  the expenditure of money or
the assumption of any obligations) to obtain any approvals,  authorizations  and
consents  required to be obtained to allow  Purchaser  to operate any of the car
wash  businesses  (and  other  related  revenue   generating  sources  including
petroleum sales, where applicable) in substantially the same manner as currently
being operated by Sellers,  including,  without limitation,  the approval of any
regulatory agency of federal, state, or local government that are required.

     (b) Notwithstanding anything to the contrary set forth in this Agreement or
in any ancillary  agreements,  nothing  contained in this Agreement or in any of
the  Collateral  Documents  shall be construed  as, or  constitute,  an attempt,
agreement or other  undertaking  to transfer or assign to  Purchaser  any asset,
property  or right that would  otherwise  constitute  an Asset,  but that by its
terms is not transferable or assignable to Purchaser  pursuant to this Agreement
without the consent,  waiver,  approval,  authorization,  qualification or other
order  of  one or  more  third  parties  and  such  consent,  waiver,  approval,
authorization,  qualification  or  other  order  is  not  obtained  prior  to or
subsequent to the Closing (each, a "Non-Transferable Asset").

     (c) From and after the Closing and,  with respect to each  Non-Transferable
Asset,  until  the  earlier  to  occur,  if  ever,  of (i)  such  time  as  such
Non-Transferable Asset shall be properly and lawfully transferred or assigned to
Purchaser pursuant hereto or (ii) such time as the material benefits intended to
be  transferred or assigned to Purchaser  pursuant  hereto have been procured by
alternative means pursuant to Section 5.9(d),  (A) such  Non-Transferable  Asset
shall be held by Sellers in trust exclusively for the benefit of Purchaser,  and
(B) Sellers shall cooperate in any good faith,  reasonable  arrangement designed
to provide or cause to be provided for Purchaser the material  benefits intended
to be transferred  or assigned to Purchaser  under such  Non-Transferable  Asset

                                       19
<PAGE>

and, in furtherance  thereof,  to the extent  permitted  under the terms of such
Non-Transferable  Asset and under applicable law (1) Purchaser shall perform and
discharge  all  of  the   liabilities   of  Sellers  under  the  terms  of  such
Non-Transferable  Asset in effect as of the Closing  and (2)  Sellers  shall use
commercially  reasonable efforts to provide or cause to be provided to Purchaser
all of the benefits of Sellers under the terms of such Non-Transferable Asset in
effect as of the  Closing,  including,  but not limited to,  promptly  paying to
Purchaser  any monies  received by Sellers from and after the Closing under such
Non-Transferable Asset.

     (d) In the event that  Sellers is unable to obtain any consent from a third
Person, as requested by Purchaser,  under any  Non-Transferable  Asset after the
Closing Date through the use of commercially reasonable efforts, Purchaser shall
be entitled,  but not required,  to procure the material  rights and benefits of
Sellers  under  the  terms of such  Non-Transferable  Asset in  effect as of the
Closing by alternative means,  including,  without limitation,  by entering into
new Contracts with third parties or otherwise;  provided,  however,  that in the
event that  Purchaser  shall  exercise its rights  under this Section  5.9(d) in
respect of any Non-Transferable  Asset, the obligations of Sellers under Section
5.9(c) in respect  of such  Non-Transferable  Asset  shall  thereupon  cease and
expire.

     (e)  Seller  and  Purchaser  agree  that if they are not able to obtain the
consent of a landlord to a Lease Assignment,  Closing shall still take place and
the  provisions  of this  Section  5.9(e)  shall  govern.  As to any Leased Real
Property for which the landlord will not consent to a Lease Assignment, MCW will
not assign the  applicable  Lease to  Purchaser at Closing but will instead hire
Purchaser  to manage  the  Leased  Real  Property  under a  Management  Contract
acceptable  to MCW and  Purchaser.  The  Management  Contract  shall provide the
following in addition to any other terms  agreed upon by Purchaser  and MCW: (a)
Purchaser shall pay all costs and expenses of operating the Location,  including
payments due under the applicable  lease, (b) Purchaser shall retain all revenue
generated from the Location, (c) the Management Contract may be terminated only,
if Purchaser defaults under the lease of the Location or under the provisions of
the Management  Contract or fails to pay the  Promissory  Note when due, and (d)
Purchaser shall indemnify MCW from and any and all costs and expenses, including
legal fees and court costs  related,  or  attributable  to the  Location and the
lease for the Location.

     Section 5.10 No Solicitation or Negotiation.

     (a) From and after the execution and delivery of this  Agreement  until the
earlier to occur of the Closing or termination of this Agreement pursuant to its
terms,  MSI shall not,  nor will it  authorize  or permit any of its  directors,
officers or other  employees,  controlled  Affiliates or any investment  banker,
attorney or other advisor,  representative  or agent retained by it to, directly
or indirectly, (i) solicit, initiate, encourage or induce the making, submission
of a transaction (whether in the form of a merger, consolidation,  asset sale or
other form of transaction)  for the acquisition of any Locations or the Car Wash
Business (an "Acquisition Transaction") by any Person other than Purchaser, (ii)
participate or engage in any  discussions or  negotiations  with any such Person
regarding  an  Acquisition  Transaction,  (iii)  furnish to any such  Person any
information  relating to the  Companies or the Assets,  or afford  access to the
business,  properties,  assets,  books or records of the  Companies  to any such

                                       20
<PAGE>

Person that has made or could  reasonably  be  expected  to make an  Acquisition
Transaction,  or (iv) take any other action intended to assist or facilitate any
inquiries or the making of any proposal that constitutes, or could reasonably be
expected  to lead to,  an  Acquisition  Transaction,  (v)  approve,  endorse  or
recommend an Acquisition Transaction, or (vi) enter into any letter of intent or
similar  agreement   contemplating  or  otherwise  relating  to  an  Acquisition
Transaction.

     Section 5.11 Sellers Covenant Not to Compete.

     (a) In partial  consideration of the payment of the Purchase Price, Sellers
covenant  and agree that for a period of one year  commencing  upon the  Closing
Date,  Sellers  shall not,  directly  or  indirectly,  (i) engage in,  carry on,
manage, operate, perform or control the management or operation of a car wash in
any portion of the  territories in which Car Wash Business is presently  located
(the "Restricted Territory"), or (ii) own any equity interest in any Person that
is  engaged  in,  carries  on,  manages,  operates,  performs  or  controls  the
management or operations of car wash or truck wash in the Restricted  Territory.
Notwithstanding the foregoing  provision of Section 5.11(a),  Sellers may engage
in, carry on, manage, operate, perform or control the management or operation of
any Location that Purchaser does not acquire under this Agreement.

     (b) Purchaser and Sellers  acknowledge  and agree that  compliance with the
covenants  contained in this Section 5.11 is necessary to protect  Purchaser and
that a breach of any such covenant  would result in  irreparable  and continuing
damage for which there would be no adequate remedy at law. Sellers agree that in
the  event  of any  adjudicated  breach  of such  covenant,  Purchaser  shall be
entitled to injunctive  relief and to such other and further relief as is proper
under the circumstances.  If any court of competent jurisdiction  determines any
of the foregoing  covenants to be unenforceable with respect to the term thereof
or the scope of the  subject  matter or  geography  covered  thereby,  then such
covenant shall nonetheless be enforceable by such court against Sellers or other
relevant  Person upon such  shorter  term or within such lesser  scope as may be
determined by the court to be reasonable and enforceable.

     (c) Sellers  further  covenant and agrees that,  without the prior  written
consent of Purchaser, Sellers will not, for a period of one year commencing upon
the Closing  Date,  solicit for  employment,  as an  employee,  officer,  agent,
consultant,  advisor,  or in any other  capacity  whatsoever,  any  then-current
employee of the Car Wash  Business or any person who has been an employee of the
Car Wash Business at any time within the six month period  preceding  such time.
As used herein, "solicit" means contact or communicate in any manner whatsoever,
including,  but  not  limited  to,  contacts  or  communications  by or  through
intermediaries, agents, contractors, representatives, or other parties, provided
that nothing  herein  shall be  construed  to prohibit  Sellers from (i) placing
advertisements  for  employment  that are  aimed at the  public  at large in any
newspaper,  trade magazine, or other periodical in general circulation,  or (ii)
responding  to any  unsolicited  inquiry by any  Purchaser  employee  concerning
employment.

                                       21
<PAGE>

                                   ARTICLE VI
                       Additional Agreements of Purchaser

     Section 6.1 Payment of Expenses. Purchaser will pay all expenses (including
legal fees)  incurred by it in connection  with the  negotiation,  execution and
performance of this  Agreement.  Purchaser,  in addition to its other  expenses,
shall pay one-half of all premiums for a standard Title Policy on the Owned Real
Estate,  and all of the additional premium required for an extended Title Policy
(ii)  one-half  of all  transfer  taxes,  excise  fees,  documentary  stamps and
recording  fees  associated  with the transfer and  conveyance of the Owned Real
Property,  the Leased  Real  Property,  and the  Assets,  (iii) the costs of any
survey updates or environmental  reports prepared at Purchaser's request,  (iii)
one-half of all closing,  escrow and other fees charged by the Escrow Agent, and
(iv) the  application  fees for any  governmental  approvals  it considers to be
required under Sections 5.7 and 7.1(c).

     Section 6.2 Books and  Records.  From the Closing  Date to eighteen  months
after  the  Closing  Date,  the  Purchaser  shall  allow the  Sellers  and their
professional  advisers access to all business  records and files of the Car Wash
Business and  Companies  pertaining  to the  operation of the Car Wash  Business
which  were  delivered  to the  Purchaser  in  accordance  with  this  Agreement
("Records").  Access to the records shall be during normal  working hours at the
location  where such Records are stored.  The Sellers  shall have the right,  at
their own expense,  to make copies of any Records  provided,  however,  that any
such  access  or  copying  shall  be had or done in such a  manner  so as not to
interfere  unreasonably with the normal conduct of the Purchaser's business. For
a period of eighteen  years  after the Closing  Date,  the  Purchaser  shall not
dispose of or destroy any  material  Records  without  first  providing  written
notice  to the  Sellers  at least 30 days  prior  to the  proposed  date of such
disposition or destruction.

     Section 6.3 Passes,  Coupons, Gift Cards. After Closing the Purchaser shall
honor,  without charge to the customers of the Car Wash  Business,  the car wash
passes,  coupons and pre-paid  gift cards issued by the  Companies in connection
with the Car Wash Business.

     Section 6.4 Accounts  Receivable of the Companies.  The Seller has accounts
receivables  generated  by the Car Wash  Business  prior to  Closing  ("Accounts
Receivable").  Seller has not  conveyed the Accounts  Receivable  to  Purchaser.
Purchaser agrees that if it receives any payments on the Accounts Receivable, it
shall promptly remit the payments to MSI. Purchaser further agrees to aid MSI in
the collection of the Accounts  Receivable by providing  updated  information on
current  customers  of Purchaser  who are also  account  debtors on the Accounts
Receivable  and  by  encouraging  its  current  customers  to pay  any  Accounts
Receivable  they owe.  Seller is not obligated to institute any type of legal or
collection procedure.

                                       22
<PAGE>

                                   ARTICLE VII
                      Conditions to Purchaser's Obligations

     Section 7.1 Conditions of Closing.  The  obligations of Purchaser to effect
the  transactions  contemplated  by  this  Agreement  shall  be  subject  to the
fulfillment  at or prior to the time of Closing of each of the  following  items
which are conditions to Closing.  Purchaser in its sole discretion may waive any
of the following  conditions by written notice to MSI of Purchaser's decision to
waive such condition to the Closing,  referring  specifically  to this Agreement
and the condition being waived.

     (a) The  Sellers  shall  have  performed  and  complied  with all  material
obligations  and  conditions  required  by this  Agreement  to be  performed  or
complied with by Sellers prior to or at the Closing  Date.  All  representations
and warranties of Sellers  contained in this Agreement shall be true and correct
at and as of the Closing Date,  with the same force and effect as though made at
and as of the Closing  Date,  except for  changes  expressly  permitted  by this
Agreement,  and Purchaser shall have received a Certificate  duly executed by an
executive  officer of MSI, on behalf of MSI, to the foregoing.  Any failure of a
representation  and warranty to be true and correct in any  material  respect at
and as of the  Closing  Date,  shall  be  deemed  a  failure  of this  condition
precedent.

     (b) There shall be no actual or threatened action by or before any court or
governmental  agency  which  seeks  to  restrain,  prohibit  or  invalidate  the
transaction contemplated by this Agreement.

     (c) If  required,  the consent of the Federal  Trade  Commission  under the
Hart-Scott-Rodino  Antitrust  Improvements  Act of 1986, as amended,  shall have
been obtained.  Purchaser shall have been furnished with  appropriate  evidence,
reasonably  satisfactory  to Purchaser and its counsel,  of the granting of such
approvals, authorizations and consents.

     (d) The  leases  for the Leased  Real  Property  shall be in full force and
effect and not amended or modified after the date of this  Agreement,  there are
no  existing  defaults  or events  which with the giving of notice or passing of
time, or both, would give rise to a default under the lease, that tenant has not
assigned,  sublet or otherwise  transferred any interest in and to the lease. In
the event any  landlord  fails to consent  to assign a lease of any Leased  Real
Property, Closing shall still take place as stated in Section 5.9(e).

     (e) No event that could  reasonably be expected to have a Material  Adverse
Effect shall have occurred.

\
                                  ARTICLE VIII
                       Conditions to Sellers' Obligations

     Section  8.1  Conditions  of  Closing  The  obligations  of the  Sellers to
transfer the Assets,  the Owned Real  Property  and the Leased Real  Property in
accordance  with this Agreement  shall be subject to the fulfillment at or prior
to the time of Closing of each of the following conditions:

                                       23
<PAGE>

     (a) The  Purchaser  shall  have  delivered  to MSI the  Purchase  Price  in
accordance with Section 1.3.

     (b) The  Purchaser  shall have  performed  and  complied  with all material
obligations  and  conditions  required  by this  Agreement  to be  performed  or
complied with by Purchaser prior to or at the Closing Date. All  representations
and  warranties  of  Purchaser  contained  in this  Agreement  shall be true and
correct at and as of the Closing Date,  with the same force and effect as though
made at and as of the Closing,  except for changes  expressly  permitted by this
Agreement.

     (c) There shall be no actual or threatened action by or before any court or
governmental  agency  which  seeks  to  restrain,  prohibit  or  invalidate  the
transaction contemplated by this Agreement.

     (d) If  required,  the consent of the Federal  Trade  Commission  under the
Hart-Scott-Rodino  Antitrust  Improvements  Act of 1986, as amended,  shall have
been obtained.  Purchaser shall have been furnished with  appropriate  evidence,
reasonably  satisfactory  to Purchaser and its counsel,  of the granting of such
approvals, authorizations and consents.

                                   ARTICLE IX
                                 Indemnification

     Section 9.1  Indemnification by Sellers.  Sellers each agree that they will
each indemnify,  defend,  protect and hold harmless  Purchaser and its officers,
shareholders,  directors,  divisions,  subdivisions,  affiliates,  subsidiaries,
parent, agents,  employees,  legal  representatives,  successors and assigns, as
applicable,  from and against all claims, damages,  actions, suits, proceedings,
demands,  assessments,  adjustments,  penalties,  costs and expenses  whatsoever
(including specifically, but without limitation,  reasonable attorneys' fees and
expenses of investigation)  whether  equitable or legal,  matured or contingent,
known or unknown to Sellers, foreseen or unforeseen,  ordinary or extraordinary,
patent or latent,  whether arising out of occurrences prior to, at, or after the
date of this  Agreement,  as a result of or  incident  to:  (a) any  breach  of,
misrepresentation,  untruth or inaccuracy in the  representations and warranties
by Sellers,  set forth in this  Agreement or in the  Schedules  attached to this
Agreement or in the Collateral  Documents;  (b) nonfulfillment or nonperformance
of any  agreement,  covenant or  condition  on the part of Sellers  made in this
Agreement or in the  Collateral  Documents and to be performed by Sellers before
or after the Closing Date; (c) the imposition  upon, claim against or payment by
Purchaser  of any  liability  or  obligation  of Sellers  other than the Assumed
Liabilities;  (d) violation of the  requirements of any  governmental  authority
relating to the reporting and payment of federal,  state, or other income tax of
Sellers  arising or accrued prior to the Closing Date;  (e) any claim by a third
party that, if true, would mean that a condition for  indemnification  set forth
in  subsections  (a), (b), (c) or (d) of this Section 9.1 of this  Agreement has
occurred;  and (f) any claim or action brought  against  Purchaser or any of its
officers  or  directors  as a result  of any  action  brought  on  behalf of any
shareholder of MSI.;

                                       24
<PAGE>

     Section 9.2  Indemnification  by Purchaser.  Purchaser  agrees that it will
indemnify,  defend,  protect  and hold  harmless  Sellers  and  their  officers,
members, directors, divisions, subdivisions,  affiliates, subsidiaries, parents,
agents, employees, legal representatives, successors and assigns, as applicable,
from and against all claims,  damages,  actions,  suits,  proceedings,  demands,
assessments,  adjustments,  penalties,  costs and expenses whatsoever (including
specifically, but without limitation, reasonable attorneys' fees and expenses of
investigation)  whether  equitable  or legal,  matured or  contingent,  known or
unknown to the  Purchaser,  foreseen or unforeseen,  ordinary or  extraordinary,
patent or latent,  whether arising out of occurrences prior to, at, or after the
date of this  Agreement,  as a result of or  incident  to:  (a) any  breach  of,
misrepresentation  in,  untruth  in or  inaccuracy  in the  representations  and
warranties of Purchaser set forth in this Agreement or in the Schedules attached
to  this  Agreement  or in  the  Collateral  Documents;  (b)  nonfulfillment  or
nonperformance of any agreement,  covenant or condition on the part of Purchaser
made in this  Agreement or in the  Collateral  Documents  and to be performed by
Purchaser  after the Closing Date; (c) the imposition  upon,  claim against,  or
payment by the Company or Sellers of any of the Assumed  Liabilities  because of
the Purchaser's  failure to pay the Assumed Liabilities or for any other reason;
(d) violation of the requirements of any governmental  authority relating to the
reporting  and payment of federal,  state,  local or other income,  sales,  use,
franchise,  excise, payroll or property Tax Liabilities of the Purchaser accrued
after the Closing Date, including, without limitation,  liabilities arising from
or related to any failure to comply with laws relating to bulk transfers or bulk
sales with respect to the transactions  contemplated by this Agreement;  and (f)
any claim by a third  party  that,  if true,  would  mean that a  condition  for
indemnification  set forth in  subsections  (a),  (b),  (c),  (d) or (e) of this
Section 9.2 has occurred.

     Section  9.3  Procedure  for  Indemnification  with  Respect to Third Party
Claims.

     (a) If any  third  party  shall  notify  a  party  to this  Agreement  (the
"Indemnified Party") with respect to any matter (a "Third Party Claim") that may
give  rise to a claim  for  indemnification  against  any  other  party  to this
Agreement (the "Indemnifying Party") under this Article IX, then the Indemnified
Party  shall  promptly  notify  each  Indemnifying  Party  thereof  in  writing;
provided,  however,  that no  delay  on the  part of the  Indemnified  Party  in
notifying any Indemnifying  Party shall relieve the Indemnifying  Party from any
obligation  hereunder  unless (and then  solely to the extent) the  Indemnifying
Party is thereby prejudiced. Such notice shall state the amount of the claim and
the relevant details thereof.

     (b) Any  Indemnifying  Party will have the right to defend the  Indemnified
Party  against  the Third  Party  Claim with  counsel  of its choice  reasonably
satisfactory to the Indemnified Party so long as the Indemnifying Party notifies
the  Indemnified  Party in writing  within  thirty (30)  business days after the
Indemnified   Party  has  given  notice  of  the  Third  Party  Claim  that  the
Indemnifying  Party  will  indemnify  the  Indemnified  Party,  pursuant  to the
provisions of Article IX.

     (c) So long as the  Indemnifying  Party is  conducting  the  defense of the
Third Party Claim in accordance  with Section 9.3(b) above,  (i) the Indemnified
Party  may  retain  separate  co-counsel  at  its  sole  cost  and  expense  and
participate in (but not control) the defense of the Third Party Claim,  (ii) the
Indemnified  Party will not  consent to the entry of any  judgment or enter into
any  settlement  with respect to the Third Party Claim without the prior written

                                       25
<PAGE>

consent of the Indemnifying Party (which will not be unreasonably withheld), and
(iii) the  Indemnifying  Party will not consent to the entry of any  judgment or
enter into any  settlement  with  respect to the Third Party  Claim  without the
prior written consent of the  Indemnified  Party (which will not be unreasonably
withheld).  In the case of  (c)(ii)  or  (c)(iii)  above,  any such  consent  to
judgment or settlement  shall include,  as an  unconditional  term thereof,  the
release of the Indemnifying Party from all liability in connection therewith.

     (d) If any  condition  set  forth in  Section  9.3(b)  above is or  becomes
unsatisfied,  (i) the Indemnified  Party may defend against,  and consent to the
entry of any  judgment or enter into any  settlement  with respect to, the Third
Party Claim and any matter it may deem  appropriate  and the  Indemnified  Party
need not consult  with, or obtain any consent from,  any  Indemnifying  Party in
connection therewith, (ii) the Indemnifying Party will reimburse the Indemnified
Party  promptly and  periodically  for the cost of  defending  against the Third
Party Claim (including reasonable  attorneys' fees and expenses),  and (iii) the
Indemnifying  Party will remain  responsible  for any adverse  consequences  the
Indemnified Party may suffer resulting from, arising out of, relating to, in the
nature of, or caused by the Third Party Claim to the fullest extent  provided in
this Article IX.

     Section 9.4 Procedure for Non-Third  Party Claims.  If Purchaser or Sellers
wish to make a  claim  for  indemnity  under  Section  9.1 or  Section  9.2,  as
applicable, and the claim does not arise out of a third party notification which
makes  the   provisions   of  Section  9.3   applicable,   the  party   desiring
indemnification  ("Indemnified  Party")  shall deliver to the parties from which
indemnification   is  sought   ("Indemnifying   Party")  a  written  demand  for
indemnification  ("Indemnification  Demand").  The Indemnification  Demand shall
state: (a) the amount of losses, damages or expenses which the Indemnified Party
has  incurred  or has  suffered  or is  expected to incur or suffer to which the
Indemnified  Party is  entitled  to  indemnification  pursuant to Section 9.1 or
Section 9.2, as applicable;  and (b) the nature of the event or occurrence which
entitles the  Indemnified  Party to receive payment under Section 9.1 or Section
9.2,  as  applicable.   If  the  Indemnifying  Party  wishes  to  object  to  an
Indemnification  Demand,  the Indemnifying Party must send written notice to the
Indemnified  Party  stating the  objections  and the grounds for the  objections
("Indemnification  Objection").  If no Indemnification  Objection is sent within
forty-five (45) days after the Indemnification  Demand is sent, the Indemnifying
Party  shall be  deemed to have  acknowledged  the  correctness  of the claim or
claims  specified  in the  Indemnification  Demand and shall pay the full amount
claimed  in the  Indemnification  Demand  within  sixty (60) days of the day the
Indemnification  Demand is dated. If for any reason the Indemnifying  Party does
not pay the amounts claimed in the Indemnification  Demand, within sixty days of
the  Indemnification  Demand's date, the  Indemnified  Party may institute legal
proceedings to enforce  payment of the  indemnification  claim  contained in the
Indemnification  Demand  and  any  other  claim  for  indemnification  that  the
Indemnified Party may have.

     Section 9.5 Survival of Claims.

     (a) All of the respective  representations,  warranties and  obligations of
the parties to this Agreement  shall survive  consummation  of the  transactions
contemplated  by this  Agreement  for eighteen  months from the Closing Date and
shall thereafter expire and be of no force and effect;  provided,  however, that
the  representations  and warranties in Sections 1.6, 3.1, 3.2, 3.15,  3.17, 4.1
and 4.2 shall survive four years from the Closing Date.

                                       26
<PAGE>

     (b)  Notwithstanding  the provisions of Section 9.5(a) above, which provide
that  representations,  warranties and  obligations  expire after certain stated
periods of time, if within the stated period of time, an Indemnification  Demand
is  given,  or a suit  or  action  based  upon  representation  or  warranty  is
commenced, the Indemnified Party shall not be precluded from pursuing such claim
or action,  or from recovering from the Indemnifying  Party (whether through the
courts or otherwise) on the claim or action,  by reason of the expiration of the
representation or warranty.

     Section 9.6 Prompt Payment. In the event that any party is required to make
any  payment  under  this  Article  IX,  such  party  shall   promptly  pay  the
Indemnifying Party the amount so determined.  If there should be a dispute as to
the amount or manner of  determination  of any indemnity  obligation  owed under
this Article IX, the Indemnifying Party shall,  nevertheless,  pay when due such
portion,  if any,  of the  obligation  as shall not be subject to  dispute.  The
portion in dispute shall be paid upon a final and  non-appealable  resolution of
such  dispute.  Upon the payment in full of any claim,  the  Indemnifying  Party
shall be  subrogated to the rights of the  Indemnified  Party against any person
with respect to the subject matter of such claim.

     Section  9.7  Limitation  of  Liability.  Notwithstanding  anything in this
Agreement to the  contrary,  the liability  and  obligations  of Sellers for the
indemnification  set forth in Section  9.1,  shall be  limited  to Five  Million
Dollars ($5,000,000).

     Section 9.8 Casualty and Condemnation.

     (a) The risk of loss or damage to the  Assets  until the day of  closing is
retained  by  Seller.  If any  damage  occurs to the  Assets  prior to  closing,
Purchaser  proceed to closing  and, if not  repaired by Seller prior to Closing,
deduct from the Purchase  Price the amount which will be required to repair such
damage less the insurance proceeds turned over to Purchaser under the provisions
of Section 5.2.

     (b) If any eminent domain or condemnation  proceeding  pertaining to all or
any  portion  of the  Locations  is  threatened  or  commenced  prior to closing
(including,  but not limited to those listed on Schedule 3.5(g)), there shall be
no  disposition  or  settlement  thereof  without the prior  written  consent of
Purchaser,  and  Purchaser at its sole option  shall  proceed to Closing and the
proceeds  to be  received by Seller  from such  condemnation  or eminent  domain
proceeding  shall be turned over or assigned to Purchaser.  Seller shall make no
settlement  of, nor enter into any  agreements  relating to,  eminent  domain or
condemnation   proceedings  following  execution  of  this  Agreement,   without
Purchaser's consent.

                                       27
<PAGE>

                                    ARTICLE X
                                Other Provisions

     Section  10.1   Nondisclosure  by  Purchaser.   Purchaser   recognizes  and
acknowledges  that it has in the past,  currently  has, and prior to the Closing
Date, will have access to certain confidential  information of Sellers,  such as
lists of customers, operational policies, and pricing and cost policies that are
valuable, special and unique assets of the Sellers. Purchaser agrees that, for a
period  of one (1)  year  from  the  date  hereof,  it  will  not  utilize  such
information in the business or operation of Purchaser,  or any of its affiliates
or disclose such  confidential  information  to any person,  firm,  corporation,
association,  or other entity for any purpose or reason  whatsoever,  unless (i)
such  information  becomes  known to the  public  generally  through no fault of
Purchaser or any of its affiliates, (ii) Purchaser is compelled to disclose such
information by a governmental entity or pursuant to a court proceeding, or (iii)
Closing takes place (provided,  however, that after Closing Purchaser will abide
by any  legally  binding  contractual  duties  of  non-disclosure  owed to third
parties  from whom  assets were  purchased  by the  Company).  In the event of a
breach or threatened breach by Purchaser of the provisions of this Section 10.1,
Sellers shall be entitled to an injunction  restraining Purchaser from utilizing
or  disclosing,  in whole or in part,  such  confidential  information.  Nothing
contained  herein shall be construed as  prohibiting  Sellers from  pursuing any
other available remedy for such breach or threatened breach, including,  without
limitation, the recovery of damages.

     Section 10.3 Assignment;  Binding Effect; Amendment. This Agreement and the
rights and obligations of the parties hereunder may not be assigned and shall be
binding  upon  and  shall  inure  to the  benefit  of the  parties  hereto,  the
successors  of Purchaser and the Sellers.  This  Agreement,  upon  execution and
delivery,  constitutes  a valid and  binding  agreement  of the  parties  hereto
enforceable in accordance  with its terms and may be modified or amended only by
a written instrument executed by all parties hereto.

     Section 10.4 Entire Agreement.  This Agreement (including the Schedules) is
the final,  complete and  exclusive  statement  and  expression of the agreement
among the parties hereto with relation to the subject matter of this  Agreement,
it being understood that there are no oral  representations,  understandings  or
agreements  covering the same subject  matter as the  Agreement,  except for the
Confidentiality   Agreement   executed  by  Stephen  Fishman  in  favor  of  MSI
("Confidentiality  Agreement").  The Agreement supersedes, and cannot be varied,
contradicted  or  supplemented  by  evidence  of any  prior  or  contemporaneous
discussions, prior correspondence,  oral agreements or written agreements of any
kind, except for the Confidentiality  Agreement which shall remain in full force
and effect.  The parties to this Agreement have relied on their own advisors for
all  legal,  accounting,  Tax or other  advice  whatsoever  with  respect to the
Agreement and the transactions contemplated hereby.

     Section 10.5 Counterparts. This Agreement may be executed simultaneously in
one or more  counterparts,  each of which shall be deemed an original and all of
which together shall constitute but one and the same instrument.

                                       28
<PAGE>

     Section  10.6  Notices.  All  notices or other  communications  required or
permitted  hereunder shall be in writing and may be given by depositing the same
in United States mail,  addressed to the party to be notified,  postage  prepaid
and registered or certified with return receipt requested,  by overnight courier
or by delivering the same in person to such party.  "Overnight Courier" shall be
deemed for  purposes of this Section 10.6 to include,  without  limitation,  the
Express Mail service of the U.S. Postal Service.

     (a) If to Sellers, addressed to them at:

                        General Counsel
                        Mace Security International, Inc.
                        1000 Crawford Place
                        Mt. Laurel, NJ 08054

                        with a copy to:

                        Gerald J. Guarcini, Esq.
                        Ballard Spahr Andrews & Ingersoll, LLP
                        1735 Market Street
                        Philadelphia, Pennsylvania 19103-75.

     (b) If to Purchaser, addressed to it at:

                        James Gillespie
                        7000 E. Shea Blvd, Suite 251
                        Scotsdale, AZ 85254

     With a copy to

                        Robert Kant, Esquire
                        Greenberg Traurig
                        2375 East Camelback Road,  Suite 700
                        Phoenix, AZ 85016

     (c) If to Escrow  Agent,  addressed to it at:
                        Camelback  Esplande III
                        2415 East Camelback Road, Suite 350
                        Phoenix, Arizona 85016-4201

Notice shall be deemed given and effective on the earliest of the day personally
delivered,  or one business day after being sent by Overnight Courier,  or three
business days after the deposit in the U.S. mail of a writing addressed as above
and sent first class mail, certified, return receipt requested, or when actually

                                       29
<PAGE>

received,  if earlier.  Any party may change the address for notice by notifying
the other parties of such change in accordance with this Section 10.6.

     Section  10.7  Governing  Law.  This  Agreement  shall be  governed  by and
construed in accordance with the internal laws of the State of Arizona,  without
giving effect to any choice or conflict of law provision or rule (whether of the
State of Arizona or any other  jurisdiction) that would cause the application of
the laws of any jurisdiction other than the State of Arizona.

     Section  10.8 No Waiver.  No delay of, or omission  in, the exercise of any
right,  power or  remedy  accruing  to any  party as a result  of any  breach or
default by any other party  under this  Agreement  shall  impair any such right,
power or remedy, nor shall it be construed as a waiver of or acquiescence in any
such breach or default, or in any similar breach or default occurring later; nor
shall any waiver of any single breach or default be deemed a waiver of any other
breach of default occurring before or after that waiver.

     Section  10.9  Captions.  The headings of this  Agreement  are inserted for
convenience  only,  and shall not constitute a part of this Agreement or be used
to construe or interpret any provision hereof.

     Section 10.10  Severability.  In case any provision of this Agreement shall
be invalid,  illegal or  unenforceable,  it shall,  to the extent  possible,  be
modified in such  manner as to be valid,  legal and  enforceable  but so as most
nearly  to  retain  the  intent  of the  parties.  If such  modification  is not
possible,  such provision shall be severed from this  Agreement.  In either case
the validity,  legality and  enforceability of the remaining  provisions of this
Agreement shall not in any way be affected or impaired thereby.

     Section 10.11  Construction.  The parties have participated  jointly in the
negotiation  and  drafting  of this  Agreement.  In the  event an  ambiguity  or
question of intent or interpretation  arises,  this Agreement shall be construed
as if drafted jointly by the parties and no presumption or burden of proof shall
arise  favoring or  disfavoring  any party by virtue of the authorship of any of
the provisions of this Agreement.  Any reference to any federal, state, local or
foreign  statute  shall  be  deemed  to  refer  to  all  rules  and  regulations
promulgated  thereunder,   unless  the  context  requires  otherwise.  The  word
"including" means included, without limitation.

     Section  10.12  Extension  or  Waiver of  Performance.  Either  Sellers  or
Purchaser  may  extend  the  time  for or waive  the  performance  of any of the
obligations  of the other,  waive any  inaccuracies  in the  representations  or
warranties  by the  other,  or waive  compliance  by the  other  with any of the
covenants or  conditions  contained in this  Agreement,  provided  that any such
extension  or waiver  shall be in writing  and signed by the party  granting  or
approving such extension or waiver.

     Section 10.13  Liabilities  of Third  Parties.  Nothing in this  Agreement,
whether expressed or implied, is intended to confer any rights or remedies under
or by reason of this  Agreement on any persons  other than the parties to it and
their respective  successors,  heirs, legal  representative and assigns,  nor is
anything in this  Agreement  intended to relieve or discharge the  obligation or

                                       30
<PAGE>

liability  of any third  persons to any party to this  Agreement,  nor shall any
provisions  give any third  person any rights of  subrogation  or action over or
against any party to this Agreement.

     Section 10.14 Disclosure on Schedules.  The parties to this Agreement shall
have the  obligation  to  supplement  or amend  the  Schedules  being  delivered
concurrently  with the  execution  of this  Agreement  and  attached  hereto  or
incorporated  herein with respect to any matter hereafter  arising or discovered
which,  if  existing  or known at the date of this  Agreement,  would  have been
required to be set forth or described in the Schedules.  The  obligations of the
parties to amend or supplement the Schedules shall terminate on the consummation
of the transaction contemplated by this Agreement at the Closing, or on the date
of termination  of this  Agreement if Closing does not occur.  No such amendment
shall  relieve any party from its indemnity  obligations  relating to a Schedule
prior to its amendment.

     Section 10.16 Further Assurances and Cooperation.  From time to time at the
request of a party to this  Agreement  and without  further  consideration,  the
other party will execute and deliver such  documents and take such action as may
reasonably be requested in order to consummate more effectively the transactions
contemplated by this Agreement.  Purchaser hereby agrees that in connection with
any exemption  from any Tax  otherwise  payable in respect of a bulk transfer of
assets that  Sellers  wish to obtain,  upon  Sellers'  request,  Purchaser  will
provide to Sellers the appropriate form issued by the appropriate State Division
of Taxation.  Purchaser and Sellers agree to use good faith efforts to structure
and implement the transactions contemplated by this Agreement in a tax-efficient
manner.

     Section 10.17 No Third Party Beneficiaries. This Agreement shall be binding
upon and inure solely to the benefit of the parties  hereto and their  permitted
assigns and nothing herein,  express or implied,  is intended to or shall confer
upon any other Person, including,  without limitation, any union or any employee
or former employee of Sellers,  any legal or equitable right,  benefit or remedy
of  any  nature  whatsoever,   including,  without  limitation,  any  rights  of
employment for any specified period, under or by reason of this Agreement.

     Section  10.18  Computation  of Time.  Any time  period  specified  in this
Agreement which would otherwise end on a non-Business Day shall automatically be
extended to the immediately following Business Day.

              [The balance of this page intentionally left blank.]

                                       31
<PAGE>

     IN WITNESS  WHEREOF,  the parties have executed this  Agreement on the date
first above written.

PURCHASER:
TWISTED CACTUS LLC

By: /s/ Jack Pleiter
    ----------------
Name: Jack Pleiter
      ------------
Title: Owner
       -----

SELLERS:
Mace Security International, Inc.

By: /s/ Robert M. Kramer
Name: Robert M. Kramer
Title: Executive Vice President

Mace Car Wash, Inc.

By: /s/ Robert M. Kramer
    --------------------
Name: Robert M. Kramer
      ----------------
Title: Vice President
       --------------

Mace Car Wash-Arizona, Inc.

By: /s/ Robert M. Kramer
    --------------------
Name: Robert M. Kramer
      ----------------
Title: Vice President
       --------------

ESCROW AGENT

First American  Title Insurance Company

By: /s/ Sheila Hunter
    -----------------
Name: Sheila Hunter
      -------------
Title: Escrow Agent
       ------------

                                       32
<PAGE>

                                   Appendix A
                                  Defined Terms
                                  -------------

     Through  out the  Agreement  certain  capitalized  terms  are  defined.  In
addition to the  definitions  that are throughout  the Agreement,  the terms set
forth in this  Appendix  A have the  meanings  given  them for  purposes  of the
Agreement.

     "Acquisition Transaction" is defined in Section 5.10 of the Agreement.

     "Affiliate"  of any  specified  Person means any other  Person  directly or
indirectly  controlling  or  controlled  by or under  direct or indirect  common
control with such specified Person.  For purposes of this definition,  "control"
when used with  respect to any  specified  Person  means the power to direct the
management and policies of such Person, directly or indirectly,  whether through
the  ownership of voting  securities,  by contract or  otherwise,  and the terms
"controlling" and "controlled" have meanings correlative to the foregoing.

     "Applicable Laws" means applicable federal, state and local statutes, laws,
rules,  regulations,  orders,  permits (including,  without  limitation,  zoning
restrictions, land use requirements and environmental laws).

     "Assets" is defined Section 1.4 of the Agreement.

     "Assumed Liabilities" are defined in Section 1.6 of the Agreement.

     "Business  Day" means a day other than  Saturday,  Sunday or other day when
commercial  banks in the State of Delaware are  authorized or required by law to
close.

     "Car  Wash  Business"  means the car wash  business  and  related  services
offered by the Companies at the Locations.

     "Closing" is the acts and  deliveries set forth in Sections 1.9 and 1.10 of
this Agreement.

     "Closing Date" is defined in Section 1.2 of the Agreement.

     "Companies"  mean Mace Car Wash,  Inc and Mace Car  Wash-Arizona,  Inc.,  a
"Company" means one of the Companies.

     "Current  Surveys" means the most recent existing surveys of the Owned Real
Property to which Sellers have access.

     "Current Title Policies" means the most recent existing title policy of the
Owned Real Property to which Sellers have access.

                                       33
<PAGE>

     "Deposit"  means  the  Three  Hundred  Thousand  Dollars  ("$500,000)  that
Purchaser is to deposit with Escrow Agent as set forth in Section  1.3(c) of the
Agreement.

     "Employee  Benefit  Plan" means any employee  benefit plan or  compensation
plan,  agreement  or  arrangement  covering  present or former  employees of the
Companies  (including  those within the meaning of ERISA  Section  3(3)),  stock
purchase plan, stock option plan,  fringe benefit plan,  change in control plan,
severance  plan,  bonus plan,  pension plan and any other deferred  compensation
agreement or plan or funding arrangement.

     "Encumbrance" means any lien, pledge,  option, charge,  easement,  security
interest, right-of-way or similar restriction or encumbrance.

     "Escrow" means the Deposit.

     "Escrow  Agent" means First American  Title  Insurance  Company , 2525 East
Camelback Road, Sutie 300, Phoenix, Arizona 85016-4201.

     "Historical Financials" means the consolidated balance sheet and statements
of income and cash flows of the for the Car and Truck Wash  Business  Segment as
of and for the year ended  December  31, 2005 as filed with the  Securities  and
Exchange Commission under the requirements of the Securities and Exchange Act of
1934.

     "Leased Real  Property" mean the Locations that are leased by the Companies
as identified on Schedule 1.3 of the Agreement.

     "Locations"  means the car wash  locations  listed on  Schedule  1.3 of the
Agreement.

     "Material Adverse Effect" means any material adverse change in, or material
adverse effect on the business,  assets,  operations,  value or other  financial
condition of the Car Wash Business such that the earnings  before interest taxes
depreciation and  amortization of the Car Wash Business can reasonably  expected
to be $2,000,000 or less for the twelve months following the Closing Date.

     "MSI" means Mace Security International, Inc., a Delaware Corporation.

     "Ordinary Course of the Business" means a manner generally  consistent with
past business practices as evidenced by historical events,  trends and customary
approach.

     "Owned Real  Property"  means the real  property  owned by the Companies as
identified on Schedule 1.3 of the Agreement.

     "Permitted Exceptions" is defined in Section 2.1 of the Agreement.

     "Person" means any individual, partnership, corporation, association, joint
stock company, trust, joint venture, unincorporated organization or governmental
entity (or any department, agency or political subdivision thereof).

                                       34
<PAGE>

     "Promissory Note" means the note attached as Schedule 1.9(a)(ii).

     "Purchaser" is defined in the first paragraph of the Agreement.

     "Purchase Price" is defined in Section 1.3 of the Agreement.

     "Sellers" mean MSI and the Companies.

     "Tax" means any federal,  state,  local or foreign income,  gross receipts,
license,  excise,  severance,  stamp,  occupation,  premium,  windfall  profits,
capital gain,  intangible,  custom  duties,  capital stock,  franchise,  foreign
withholding,  unemployment,  disability,  transfer,  value added,  registration,
alternative  or add on  minimum,  or  estimated  tax,  including  any  interest,
penalties or additions to taxes in respect of the foregoing, whether disputed or
not, and any obligation to indemnify,  assume or succeed to the liability of any
other Person in respect of the  foregoing,  and the term "Tax  Liability"  shall
mean any liability  (whether known or unknown,  whether  absolute or contingent,
whether  liquidated  or  unliquidated,  and  whether  due or to become due) with
respect to Taxes.

     "Tax Return" means any return,  declaration,  report,  claim for refund, or
information  return or statement  relating to Taxes,  including  any schedule or
attachment thereto, and including any amendment thereof.

                                       35

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}]]