EX-10.22 7 exhibit10-22_13375.txt ASSIGNMENT EXHIBIT 10.22 ------------- ASSIGNMENT For consideration had and received, Mercatus & Partners, Ltd. ("Assignor") hereby assigns to Phi Nest Fund, L.P. ("Assignee") all of its rights, title, and interest in and to its 2,941,176 shares of common stock in ZAP, a California Corporation ("ZAP"), share certificate #ZAP00135 (the "Assigned Shares"), which Assigned Shares are currently in the possession of ZAP at its corporate headquarters in Santa Rosa, California. ZAP is hereby authorized to deliver the Assigned Shares to Assignee at is corporate headquarters located at: Phi-Nest Fund, L.P. 2385 Executive Drive, Suite 100 Boca Raton, FL 33431 Mercatus & Partners Ltd. ("Assignor") By /s/ Dwight Parscale Date: December 30, 2004 ----------------------- ----------------- Dwight Parscale Chief Operating Officer PHI-NEST Fund, L.P. BY /s/ HOWARD DEVERETT Date: December 30, 2004 ----------------------- ----------------- Howard Deverett Fund Manager