Document:

Exhibit 4.14

                                     FORM OF
                           TERM SHEET FOR PURCHASE OF
                       OUTSTANDING DEBENTURES (VERSION 2)
                       ----------------------------------

TRANSACTION:      Fittipaldi Logistics, Inc., a Nevada corporation (the
                  "Company"), has negotiated the settlement of all its
                  outstanding obligations to Cornell Capital Partners, LP and
                  its affiliates ("Cornell"). As part of this settlement,
                  Cornell will assign up to $1,200,000 of the Company's 5%
                  secured convertible debentures (the "Debentures") to Investors

BUYER:            Current accredited shareholders of the Company (the
                  "Investors")

TO BE ASSIGNED:   Up to $1,200,000 with a minimum of $50,000 per Investor

AMENDMENT
AGREEMENT:        Simultaneous with the assignment of the Debentures, the
                  company is prepared to amend certain terms of the Debentures
                  as follows:

                  o   Investors shall waive the payment of principal and
                      interest on the Debentures that was due on September 8,
                      2006 and extend the maturity date to January 15, 2008

                  o   Company shall have the right to redeem the Debentures,
                      without penalty.

                  o   Interest shall accrue until maturity date at 16.0% per
                      annum in stock or cash at Company's discretion.

                  o   At maturity or early redemption Investor will receive full
                      payment plus interest and 800,000 shares of stock per
                      $50,000 investment.

                  o   Shares issued upon conversion shall be free trading,
                      subject only to limitations imposed on shareholders owning
                      more than 10% of the Company's common stock.

CLOSING DATE:     As soon as possible, but not later than July 14, 2007

I/we hereby purchase up to $__________ of Fittipaldi Logistics, Inc. secured
convertible debentures, to be assigned by Cornell.

PURCHASER(s):     _____________________________
BY:               _____________________________
PRINTED NAME(s):  _____________________________
TITLE(s) (if any):______________
TAX ID or SS#:    ______________
DATE:             ______________, 2007Exhibit 10.41

                                  June 28, 2007

Cornell Capital Partners, LP
101 Hudson Street, Suite 3700
Jersey City, New Jersey   07302

Attention: Troy Rillo, Esq.

Troy:

         Supplementing the letter agreement between Cornell Capital Partners,
LP/Montgomery Equity Partners, Ltd. (collectively, "Cornell Capital") and
Fittipaldi Logistics, Inc. ("Fittipaldi") dated January 17, 2007, and to
finalize an amicable resolution and settlement with Cornell Capital, we agree to
the following:

         1. On or before July 14, 2007, Fittipaldi will irrevocably and
unconditionally pay to Cornell Capital a total of $1.8 million and issue to
Cornell a 4-year warrant to purchase a total of 5 million shares of Fittipaldi's
common stock for an exercise price of $0.03 per share (the "Warrant") in
satisfaction of all obligations under the Debentures and related charges owing
to Cornell Capital. The Warrant will have cashless exercise provisions to the
extent that the common stock underlying the Warrant is not registered with the
SEC. In addition, the 13 million common shares and the Warrant which Fittipaldi
agreed to issue to Cornell Capital are subject to Sections 2 & 3 below.

         2. Fittipaldi will purchase or arrange for the purchase of the 13
million shares described above for a purchase price of $400,000 to be paid on or
before October 1, 2007 (for purposes of clarity, the payment of $400,000
pursuant to this Section 2 is in addition to the $1.8 million set forth in
Section1 hereof). The shares will be maintained in escrow with Schneider
Weinberger & Beilly LLP pending payment of the $400,000 to Cornell Capital. No
shares will be disbursed from escrow until Cornell has irrevocably and
unconditionally received a total of $400,000. In the event that Cornell has not
received the full $400,000 by October 1, 2007, then all 13.0 million shares will
be disbursed by the escrow agent to Cornell and Cornell shall be free to dispose
of such shares in any manner it so elects and shall be entitled to retain any
and all proceeds from such disposition. Cornell shall have no obligation to
Fittipaldi or any other party for the disposal of such shares even if the
proceeds from such disposal (when combined with any partial cash payments) are
in excess of the $400,000 set forth herein. Promptly after October 1, 2007, if
Cornell has not received the full $400,000 payment set forth herein, the escrow
agent shall disburse to Cornell the 13.0 million shares (and appropriate stock
powers with medallion guarantees and legal opinions to remove any restrictive
legends). In such event, the escrow agent and the Company's transfer agent are
under strict, irrevocable instructions to promptly follow the instructions
herein, and neither Fittipaldi nor anyone acting on behalf of Fittipaldi (either
now or in the future) shall object to such disbursement and subsequent disposal
by Cornell or provide contrary instructions to the escrow agent or transfer
agent.

         3. Fittipaldi shall have an assignable right to purchase some or all of
the Warrant by December 31, 2007 for a price equal to the number of shares
underlying the warrant being purchased times the difference between $0.03 and
the volume weighted average of Fittipaldi's common stock (as determined by
Bloomberg) for the five (5) trading days immediately preceding the date the
warrant is purchased ("Avg Price") (i.e., if Avg Price = $0.06 per share then
<PAGE>
the purchase price for 5 million shares = [$0.06 - $0.03] x 5 million shares =
$150,000). In any such calculations, the Avg Price shall not be less than $0.06
per share.

         4. Upon remittance of the $1.8 million payment to Cornell Capital, the
latter will promptly authorize Fittipaldi to file UCC-3 Termination Statements
to release any and all security interests held by Cornell in Fittipaldi or its
subsidiaries.

         5. As may be required or desired, the parties agree to exchange general
releases either at the completion of the $1.8 million payment, excepting the
provisions above regarding the purchase of the 13 million shares, or at the time
of full payment for the 13 million common shares.

         If the foregoing terms and conditions described above are satisfactory,
please sign as indicated below. We look forward to an expeditious and successful
closing of these transactions.

ACCEPTED AND AGREED:                         Sincerely yours,

CORNELL CAPITAL PARTNERS, L.P.               FITTIPALDI LOGISTICS, INC.
By:  Yorkville Advisors, LLC
Its: Investment Manager

By:                                         By:
   ---------------------------------------     ---------------------------------
   Troy J. Rillo, Senior Managing Director     Frank Reilly, Chief Executive
                                               OfficerExhibit 10.42

                         $1,250,000 FINANCING AGREEMENT

This Financing Agreement ("Agreement") is made this 8th day of May, 2007 by and
between The Black Diamond Fund, LLLP, a Minnesota limited partnership ("BD"),
and Fittipaldi Logistics, Inc., a Nevada Corporation ("FPLD").

In consideration of the premises and the mutual covenants contained herein and
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereby agree as follows:

1.        Loan.

         1.1. On the Closing Date (as defined herein), BD shall wire transfer
$250,000.00 to FPLD, in accordance with the terms of the May 8, 2007 Promissory
Note ("Note") to be executed simultaneously with this document.

         1.2. On the Closing Date (as defined herein), BD shall wire transfer
$1,000,000.00 to the Escrow Agent (as defined herein), in accordance with the
terms of the Note to be executed simultaneously with this document.

2. Escrow.

         2.1. Fred R. Harbecke ("Escrow Agent") shall serve as escrow agent. All
reasonable fees associated with the Escrow Agent shall be the responsibility of
FPLD.

         2.2. The $1,000,000 ("Escrowed Money") described in Paragraph 1.2 above
shall be held in escrow by the Escrow Agent in an interest-bearing account,
which interest shall be paid to BD, until the Escrow Agent receives a Joint
Order pursuant to Paragraph 2.3 below, signed by both parties, releasing the
Escrowed Money to FPLD. If no such order is submitted to the Escrow Agent within
six months of the Closing Date, the Escrowed Money shall be returned to BD by
the Escrow Agent. In the event that the Escrowed Money is returned to BD, the
interest accrued on the Escrowed Money under the note shall still be due and
payable by FPLD from the date the money is placed into escrow until the date the
money is returned to BD. A copy of the escrow instructions is attached hereto as
Exhibit A.

         2.3. The parties agree to execute a Joint Order releasing the Escrowed
Money to FPLD upon the completion of all of the following:

                  2.3.1. Receipt by Escrow Agent of Series I Preferred Stock
certificates representing 100,000 shares of Series I Preferred Stock from FPLD
made out to "The Black Diamond Fund, LLLP" (the "Escrowed Shares"). The
certificates shall be made out in the amounts as follows: one certificate for
50,000 shares, and ten certificates, each for 5,000 shares.

                  2.3.2. Agreement to attachment of lien by BD as soon as
possible after the Cornell Buyout (as defined herein) on all available assets of
FPLD, including FPLD's ownership interest in Fittipaldi Carriers, Inc., but
excluding assets owned directly by Fittipaldi Carriers, Inc. and its
subsidiaries. The lien shall also include any assets owned by FPLD after April
15, 2007, and subsequently transferred to Fittipaldi Carriers, Inc. The lien
document to be executed is attached hereto as Exhibit B.

<PAGE>
                  2.3.3. Signed Agreement with Cornell Capital ("Cornell
Buyout"), stipulating the terms under which it will release FPLD's entire debt
to Cornell Capital.

                  2.3.4. Signed commitments of monetary funds expressly set
aside to be used for the Cornell Buyout, which funds are equal to or greater
than the Cornell Buyout less the Escrowed Money. For the purpose of example, if
the amount due by Fittipaldi in the Cornell Buyout is $1,900,000, the signed
commitments must equal $900,000.

         2.4. Upon BD's receipt of the Free-Trading Shares (as defined in
Paragraph 4.1 below), the parties shall execute a Joint Order releasing 1/2 of
the Escrowed Shares to FPLD.

         2.5. Upon repayment of the Note in full, including any accrued interest
or fees, the parties shall execute a Joint Order releasing the remaining
Escrowed Shares to FPLD.

         2.6. If any of the Escrowed Shares or Escrowed Money remains in escrow
nine months and 16 days after Closing, the Escrow Agent shall transfer the
Escrowed Money and 5,000 of the Escrowed Shares to BD. If additional escrowed
shares remain in the Escrow Account without receiving a Joint Order.

         2.7. If all of the Escrowed Money is returned to BD by the Escrow
Agent, the Escrow Agent shall transfer all Escrowed Shares, less 20,000 shares,
to FPLD.

3. Closing

         3.1. Closing shall take place at 2:00pm on Tuesday May 8, 2007 at the
office of Philly Financial, 3346 Commercial Ave., Northbrook, IL 60062.

         3.2. At closing, FPLD shall provide the following to BD:

                  3.2.1. An executed Board Resolution from FPLD's board of
directors authorizing the issuance to BD of 100,000 shares of its Series I
Preferred Stock with each share convertible into 500 shares of common stock,
collectively convertible into a total of fifty million (50,000,000) shares of
FPLD common stock.

                  3.2.2. A copy of the letter sent to the Nevada Secretary of
State submitting the Certificate of Designation for the Series I Preferred
Stock.

                  3.2.3. A facsimile of the signed and sealed Note with the
original Note sent by FedEx for delivering on May 9, 2007.

                  3.2.4. An executory copy of Form UCC1, granting a Security
Interest to BD.

4. Cornell Payoff and Free-trading Shares

         4.1. Within 7 days of the date upon which the Escrowed Money is
released to FPLD, FPLD will transmit Sixteen Million (16,000,000) free-trading
shares of FPLD common stock ("Free-Trading Shares") to BD.

         4.2. BD agrees not to sell more than 1,000,000 of the Free-Trading
Shares for each 30 day period after receipt of the FPLD common stock, any number

                                       2
<PAGE>
of shares less than 1,000,000 sold during any one-month period shall roll-over
to the next one-month period. In no event, however, shall BD sell more than
4,000,000 of the Free-Trading Shares during any one month period, without the
prior written consent of FPLD.

         4.3. Numbers of shares listed in this Section 4 are based on FPLD's
current share structure. If FPLD performs a forward split of its common stock,
the number of shares described in this Section 4 shall increase in the same
ratio as the forward split.

5. Miscellaneous

         5.1. Assignment. No party to this Agreement may assign or delegate, by
operation of law or otherwise, all or any portion of its rights, obligations or
liabilities under this Agreement without the prior written consent of the other
party to this Agreement, which it may withhold in its absolute discretion.

         5.2. Counterparts. This Agreement may be signed in any number of
counterparts with the same effect as if the signatures to each counterpart were
upon a single instrument, and all such counterparts together shall be deemed an
original of this Agreement.

         5.3. Jurisdiction and Venue. This Agreement shall be deemed to have
been accepted and delivered in the State of Illinois, and this Agreement shall
be governed in all respects by the laws of the State of Illinois. The parties
irrevocably and unconditionally consent to personal jurisdiction and venue of
any state or federal court sitting in, or with jurisdiction over actions arising
in, Cook County, Illinois, for purposes of any dispute arising out of or related
to this Agreement, and any objections to such jurisdiction and venue are hereby
expressly WAIVED by the parties.

         5.4. Successors. This Agreement shall be binding upon and shall inure
to the benefit of the parties hereto and their respective successors and
assigns.

         5.5. Notice. All notices, requests, demands and other communications
made in connection with this Agreement shall be in writing and shall be deemed
to have been duly given on the date of delivery, if delivered to the persons
identified below, or three days after mailing if mailed by certified or
registered mail, postage prepaid, return receipt requested, addressed as
follows:

If to BD (prior to June 1, 2007):              If to FPLD:
3346 Commercial Ave.                           902 Clint Moore Road, Suite 204
Northbrook, IL 60062                           Boca Raton, FL 33487
Attn: Brandon Goulding                         Attn: David S. Brooks

If to BD (on or after June 1, 2007):
155 Revere Dr., Ste. 10
Northbrook, IL 60062
Attn: Brandon Goulding

Such addresses may be changed, from time to time, by means of a notice given in
the manner provided in this paragraph.

                                       3
<PAGE>
IN WITNESS WHEREOF, the undersigned parties have caused this Agreement to be
duly executed as of the date first written above.

THE BLACK DIAMOND FUND, LLLP                FITTIPALDI LOGISTICS, INC.

By: /s/ Brandson S. Goulding                By: /s/ David S. Brooks
    ------------------------                    -------------------
Brandon S. Goulding, on behalf of           David S. Brooks, its Chief
Philly Financial, its Investment Advisor    Executive Officer

                                       4

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