Document:

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                                                                    EXHIBIT 10.1

                          SUBSCRIPTION AGENT AGREEMENT

            THIS AGREEMENT is entered into as of __________________ by and
between Navidec, Inc., a Colorado corporation (the "Company"), and Computershare
Trust Company, Inc. (the "Subscription Agent")

            WHEREAS, the company intends to distribute (the "Rights Offering")
to each stockholder that owned shares of the Company's common stock, no par
value (the "Common Shares") at the close of business on November 15, 2002,
rights to purchase one Common Share for each Right held, plus additional Common
Shares pursuant to the "Over-Subscription Privilege" as defined below (the
Rights having been subdivided along with the Common Shares as part of the
reverse split effective December 5, 2002); and

            WHEREAS, the Company desires the Subscription Agent to act on the
Company's behalf, and the Subscription Agent is willing so to act, in connection
with the issuance and distribution of the Rights, collection of funds from
Rights holders exercising Rights, and issuance and delivery of Common Shares
upon the exercise of the Rights.

            NOW THEREFORE, in consideration of the promises and mutual covenants
set forth herein, the parties agree as follows:

            Definitions. As used in this Agreement, the following terms have the
following meanings:

                        (a) "Basic Subscription Privilege" means the right of
            Eligible Rights Holders to subscribe for and purchase Common Shares
            through the exercise of Rights at the rate of one Common Share for
            each Right held.

                        (b) "Eligible Rights Holders" means (i) all Company
            stockholders that own Common Shares at the close of business on
            November 15, 2002; and (ii) holders of Series I 5% Convertible
            Debentures as of November 15, 2002, who convert their Debentures to
            Common Shares on or before the Expiration Time and after issuance of
            the Rights any transferee thereof before the Expiration Time.

                        (c) "Expiration Time" means 5:00 p.m., Mountain Daylight
            Savings Time on February ____, 2003, or on such other date as the
            Company may determine, not to be later than March __, 2003.

                        (d) "Offering Period" means the period commencing on
            February ____, 2003, and ending at the Expiration Time.

                        (e) "Over-Subscription Privilege" means the right to
            subscribe for and purchase additional Common Shares not purchased by
            other stockholders, provided that and Eligible Rights Holder may
            exercise the over-Subscription privilege only if the Eligible Rights
            Holder exercises the Basic Subscription privilege in full.
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                        (f) "Prospectus" means the Company's prospectus dated
            February ____, 2003, pertaining to the Rights Offering including the
            documents incorporated by reference there in, as the same may from
            time to time be supplemented or amended.

                        (g) "Rights" means the subscription rights distributed
            by the Company in an amount equal to one Right for each one Common
            Shares owned, each of which entitles Eligible Rights Holders to
            subscribe for and purchase one Common Share for each Right held, at
            a Subscription price of $1.80 per share (post reverse split).

                        (h) "Subscription Certificate" means the certificate
            evidencing the Rights.

                        (i) "Subscription price" means $1.80 per share.

            2. FORM OF SUBSCRIPTION CERTIFICATES. The Subscription Certificates
shall be substantially in the form attached as Exhibit A hereto. Each
Subscription Certificate shall be signed by duly authorized officers of the
Company, dated the date of issue (whether upon original issuance or in lieu of
transferred, exchanged, mutilated, destroyed, lost or stolen Subscription
Certificates) and countersigned by me Subscription Agent.

            3. ISSUANCE OF SUBSCRIPTION CERTIFICATES. The Subscription Agent
shall issue and deliver (by first class United States mail, postage prepaid) to
each Eligible Rights Holder a Subscription Certificate evidencing such holder's
Rights. Each Eligible Rights Holder shall receive one Right for each one Common
Share held. No Subscription Certificates shall be issued before or after the
Offering Period. All Subscription Certificates surrendered to the Subscription
Agent upon exercise shall be canceled by the Subscription Agent and thereafter
shall be retained by the Subscription Agent to a period of not less than six
years or such shorter period of time as the Company may permit. Upon expiration
of the retention period, the canceled Subscription Certificates shall be
delivered to the Company or destroyed by the Subscription Agent, as directed by
the Company.

            4. DELIVERY OF PROSPECTUS AND OTHER DOCUMENTS. The Subscription
Agent shall deliver to each Eligible Rights Holder, along with the originally
issued Subscription Certificates (i) a letter from the President and Chief
Executive Officer of the Company to all Eligible Rights Holders, (ii) a
Prospectus, (iii) Instructions as to Use of the Subscription Certificates, (iv)
a return envelope addressed to the Subscription Agent, and (v) such other
documents and information as the Company may provide. The Subscription Agent
shall also provide copies of the Prospectus and other documents prepared by the
Company to Eligible Rights Holders, and other persons upon request.

                        (a) The Company will provide the Subscription Agent with
            a sufficient number of Prospectuses as the Subscription Agent may
            require.

                        (b) The Subscription Agent shall provide a sufficient
            number of Subscription Certificates as required to distribute to
            Eligible Rights Holders and to replace lost, destroyed, mutilated or
            stolen Subscription Certificates.

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                        (c) The Company shall provide to the Subscription Agent
            the following documents that the Subscription Agent shall deliver to
            brokers, dealers, commercial banks, trust companies and other
            nominee holders of Subscription Certificates: (i) a letter to
            Brokers, Dealers, Commercial Banks, Trust Companies and Nominees;
            (ii) a letter to the clients of nominee holders described in clause
            (i); and (iii) a Notice of Guaranteed Delivery.

            5. EXERCISE. Rights may be exercised at any time during the Offering
period Upon the terms and conditions set forth in the Prospectus and in this
Agreement.

                        (a) An Eligible Rights Holder may exercise its Basic
            Subscription Privileges and, if desired, Over-Subscription
            Privileges by completing and executing the exercise portion of the
            Subscription Certificate and delivering it to the Subscription Agent
            along with payment of the Subscription Price for at least the Basic
            Subscription for the aggregate number of Common Shares subscribed
            for prior to the Expiration Time. An Eligible Rights Holder must
            exercise such holder's Basic Subscription Privilege in full in order
            to be eligible to exercise its Over-Subscription Privilege. If an
            Eligible Rights Holder exercises its Basic Subscription Privilege in
            full, the holder may exercise its Over-Subscription Privilege for as
            may Common Shares as such Eligible Rights Holder indicates on its
            Subscription Certificate and for which the holder irrevocably agrees
            to pay the Subscription Price, subject to the availability of such
            shares and allocation set forth in Section 5(b).

                        (b) The Company will issue a maximum of 788,692 Common
            Shares in the Rights Offering. The number of Common Shares available
            for Over-Subscription Privileges will be 788,692 minus the number of
            Common Shares purchased upon exercise of the Basic Subscription
            Privileges. Provided that a sufficient number of Common Shares are
            available, the Subscription Agent shall honor exercises of the
            Over-Subscription Privileges in full. If exercises of the
            Over-Subscription Privileges exceed the number of Common Shares
            available, the Subscription Agent shall allocate the available
            shares among the Eligible Rights Holders that over-subscribed in
            proportion to the number of Common Shares purchased by those
            over-subscribing Eligible Rights Holders through the Basic
            Subscription Privileges. However, if an Eligible Rights Holder's pro
            rata allocation exceeds the number of Common Shares the Eligible
            Rights Holder requested, the Eligible Rights Holder will receive
            only the number of Common Shares the Eligible Rights Holder
            requested, and the remaining shares from the Eligible Rights
            Holder's pro rata allocation will be divided among other Eligible
            Rights holders exercising their Over-Subscription Privileges that
            have subscribed for additional Common Shares in proportion to the
            number of shares purchased by that group of over-subscribing
            Eligible Rights Holders through the Basic Subscription Rights.

                        (c) The Subscription Agent shall accept any subscription
            if, prior to the Expiration Time, the Subscription Agent has
            received (i) payment of the full Basic Subscription Price for the
            Common Shares subscribed for, and (ii) a Notice of Guaranteed
            Delivery by facsimile (telecopy) or otherwise from a member firm of
            a registered national securities exchange or a member of the
            National Association of Securities Dealers, Inc., or a commercial
            bank or trust company having an office or

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            correspondent in the united State, guaranteeing delivery of a
            properly completed and executed Subscription certificate; provided,
            however, that the Subscription Agent shall not honor a Notice of
            Guaranteed Delivery unless a properly completed and executed
            Subscription Certificate is received by the Subscription Agent by
            the close of business on the third over-the-counter trading day
            after the Expiration Time.

                        (d) The Subscription Price shall be paid in United
            States dollars, by (i) check or draft drawn on a United States bank,
            or a postal, telegraphic or express money order payable to the
            Subscription Agent, or (ii) by wire transfer of same day funds to an
            account maintained by Subscription Agent for the purpose of
            accepting subscriptions, in accordance with the following wire
            instructions:

                               Union Bank & Trust
                               100 Broadway
                               Denver, Colorado 80209
                               (303) 744-3221
                               ABA#102000908
                               Credit Account # 85-02961

                               Account Name: Computershare Trust Company, Inc.
                               Warrant Escrow Account

                        (e) Payment will be deemed to have been received by the
            Subscription Agent only upon:

                              (i) clearance of any uncertified check; or

                              (ii) receipt by the Subscription Agent of any
                  certified check or bank draft drawn upon a U.S. bank or of any
                  postal, telegraphic or express money order; or

                              (iii) receipt by the Subscription Agent of any
                  funds transferred by wire transfer; or

                              (iv) receipt of funds by the Subscription Agent
                  through an alternative payment method approved by the Company;

                              (v) notice by the Company to the Subscription
                  Agent of any alternative payment method approved by the
                  Company;

                        (f) Once an Eligible Rights Holder has exercised Rights,
            such exercise may not be revoked or rescinded.

                        (g) If an Eligible Rights Holder exercises fewer than
            all of the Rights evidenced by the Eligible Rights Holder's
            Subscription Certificate and requests in writing that the
            Subscription Agent issue a Subscription Certificate evidencing the
            unexercised Rights, the Subscription Agent shall immediately issue
            to such holder a new

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            Subscription Certificate evidencing the unexercised Rights and
            deliver it to the Eligible Rights Holder at the address shown on
            such Subscription Certificate.

                        (h) If an Eligible Rights Holder does not specify the
            number of Rights being exercised on the Subscription Certificate, or
            if payment is not sufficient to pay the total purchase price for all
            of the Common Shares that the Eligible Rights Holder indicated that
            the holder wished to purchase, such holder will be deemed to have
            exercised the maximum number of Rights that could be exercised for
            the amount of the payment received by the Subscription Agent subject
            to the right to pay for additional shares allocated in the
            Over-Subscription upon receipt of the allocation Notice. If payment
            exceeds the total purchase price for all of the Rights shown on the
            Subscription certificate, payment will be applied, until depleted,
            to subscribe for Common Shares in the following order:

                              (i) to subscribe for the number of Common Shares,
                  if any, that the Eligible Rights Holder indicated on the
                  Subscription Certificate that such holder wished to purchase
                  through the Basic Subscription Privilege;

                              (ii) to subscribe for Common Shares until the
                  Basic Subscription Privilege has been fully exercised;

                              (iii) to subscribe for additional Common Shares
                  pursuant to the Over-Subscription Privilege, but subject to
                  any applicable proration.

                  Any excess payment remaining after the foregoing allocation
            will be returned to the eligible Rights Holder as soon as
            practicable by mail, without deduction.

            6. POWER OF ATTORNEY. The Company hereby constitutes and appoints
the Subscription Agent as the Company's true and lawful attorney in-fact, with
full power in such capacity to endorse, deposit, negotiate, and invest on behalf
and for the account of the Company, in accordance with the written instructions
provided by the Company, checks, drafts, money orders, wire transfer or other
payments received by the Subscription Agent as a payment of the Subscription
Price upon the exercise of the Basic Subscription Privilege and, if desired, the
Over-Subscription Privilege.

            7. ESCROW AND INVESTMENT OF FUNDS. The Subscription Agent shall:

                        (a) Maintain a record of the date, amount of each
            payment of the Subscription Price received upon the exercise of
            Rights, and the name and address of the Eligible Rights Holder by
            whom or on whose behalf payment was made.

                        (b) Aggregate all payments received upon the exercise of
            Rights and deposit such payments in the Company's account, upon
            acceptance by the Company, as soon as practicable after receipt of
            such payments, in accordance with the following wire instructions:

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                        (c) Keep all funds deposited in accounts in the name of
            the Company for the benefit of the Company.

                        (d) Return as promptly as practicable to the Eligible
            Rights Holder who made such payment, any payment of the Subscription
            Price for Common Shares not accepted by the company for any reason.

            8. PAYMENT OF FUNDS TO THE COMPANY. Funds representing payment of
the Subscription Price for Common Shares shall be paid to the Company by wire
transfer as described above in paragraph 7 (b). Such wire transfer of funds to
the Company shall be made promptly upon receipt and acceptance by the Company,
at which time all funds received by the Subscription Agent from Rights holders
shall be paid to the Company. The Subscription Agent shall have no
responsibility for the payment of commission to selected Broker-Dealers
representing the Company.

            9. REPORTS. The Subscription Agent shall deliver daily to the
Company a written report showing (a) the number of Rights exercised on such day,
and the aggregate number of Rights exercised through such date; and (b) the
amount of funds received on such day in payment of the Subscription Price for
Common Shares, and the aggregate amount of funds transferred to the Company, on
deposit or invested for the account of the Company from payment of the
Subscription Price for Common Shares through such date. The Subscription Agent
shall also report on the Number of Rights subscribed as a result of a
Broker-Dealer solicitation as reported on the form of subscription.

            10. ISSUANCE OF COMMON SHARES. As soon as practicable after the
Expiration Time, the Subscription Agent, as Transfer Agent and Registrar for the
Common Shares, shall issue and deliver to each Eligible Rights Holder exercising
Rights a stock certificate evidencing the aggregate of the number of Common
Shares purchased by exercise of the basic Subscription Privilege and, if
applicable, the Over-Subscription Privilege. No certificate will be delivered
for any subscribed but unpaid Over-Subscription Privilege until paid in full
with immediately available funds.

            11. VALIDITY AND FORM OF SUBSCRIPTIONS. All questions concerning the
timeliness, validity, form, and eligibility of any exercise of Rights shall be
determined by the Company, whose determination shall be final and binding. The
Subscription Agent shall examine the Subscription Certificates it received to
ascertain whether they appear to have been completed and executed in accordance
with the prospectus and the instructions for exercise. In the event that the
Subscription Agent determines that the Subscription Certificate does not appear
to have been properly completed or executed or where the Subscription
Certificates do not appear to be in proper form for subscription, or any other
irregularity in connection with the subscription appears to exist, the
Subscription Agent shall follow its regular procedures to attempt to cause such
irregularity to be corrected. The Subscription Agent shall promptly notify the
Company in writing of all defects in the exercise of any Rights that the
Subscription Agent is unable to cure through its regular procedures. The
Subscription Agent is not authorized to waive any irregularity in connection
with any subscription, unless it has received from the Company

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notification, duly dated and signed by an authorized officer of the Company,
indicating that any irregularity in such subscription has been cured or waived
and that such subscription has been accepted by the Company. Subscription
Certificates and funds received by the Subscription Agent that are not properly
executed or submitted, and as to which all irregularities have not been timely
waived or cured, shall be returned by the Subscription Agent to the Eligible
Rights Holder who submitted such Subscription Certificate and/or payment. Such
return shall be made by either first class mail under a blanket surety bond or
insurance protecting the Subscription Agent and the Company from losses or
liabilities arising out of the non-receipt or nondelivery of such Subscription
Certificates and funds or by registered mail insured separately for the value of
such Subscription Certificates and funds, and if determined to be required by
the Company, shall include a letter of notice to be furnished by the Company
explaining the reason for the return of the Subscription Certificates, funds,
and other documents.

            12. AMENDMENT, Extension or Termination of the Rights Offer. The
Company reserves the right in its sole discretion, to (a) terminate Rights
Offering prior to delivery of the Common Shares for which Eligible Rights
Holders have subscribed pursuant to the exercise of Rights; (b) extend the
Expiration Time to a later date and time; or (c) amend or modify the terms of
the Rights. If the Company amends the terms of the Rights, an amended Prospectus
will be distributed to holders of record of Rights and to holders of Rights who
have previously exercised Rights. All holders of Rights who exercised rights
prior to such amendment or within four business days after the mailing of the
amended Prospectus will be given the opportunity to confirm the exercise of
Rights by executing and delivering a consent form.

            13. LOSS OR MUTILATION. Upon receipt by the Company and the
Subscription Agent of evidence, satisfactory to the, of the ownership and loss,
theft, destruction or mutilation of any Subscription certificate , and in the
case of loss, theft or destruction, receipt of indemnity satisfactory to the
Company and the Subscription Agent, and in the case of mutilation upon surrender
and cancellation of the mutilated Subscription certificate, the Subscription
Certificate representing an equal aggregate number of Rights. Eligible Rights
Holders requesting such substitute Subscription certificates shall also company
with such other reasonable regulations, requirements or request, as the company
or the Subscription Agent may prescribe.

            14. LIABILITY OF SUBSCRIPTION AGENT. The Subscription Agent shall
not, by issuing and delivering Subscription Certificates or stock certificates
evidencing Common Shares, or receiving or holding funds for the benefit of the
Company, or by any other act under this Agreement, be deemed to make any
representations as to the validity or value or authorization of the Subscription
certificates or the Rights represented thereby or the Common Shares issued upon
the exercise of Rights, or whether the Common Shares issued upon the exercise of
Rights are fully paid and nonaccessable. The Subscription Agent shall not be (a)
liable for any statement of fact, other than any statement of fact made by or on
behalf of Subscription Agent, made or contained in this Agreement or in the
Prospectus or in any documents prepared by the Company in connection with the
offer of Common Shares through the Rights, (b) liable for any action taken,
suffered, or omitted by it in reliance upon any Subscription Certificate or
other document or instrument believed by it in good faith to be genuine and to
have been signed or presented by the proper party or parties, (c) responsible
for any failure on the part of the Company to comply with any of its covenants
and obligations contained in this Agreement or in the Subscription Certificates,
or (d) liable for any act or omission in connection with the

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performance of its duties, obligations, covenants and agreements under this
Agreement, except for the Subscription Agent's own negligence, willful breach or
misconduct.

            15. INDEMNIFICATION. The Company agrees to indemnify and hold
harmless the Subscription Agent from and against any and all losses, expensed,
and liabilities, including judgments, costs, and reasonable attorneys' fees,
arising out of any act or omission of the Subscription Agent in the execution or
performance of its duties, obligations, covenants, and agreements under this
Agreement, except for the Subscription Agent's own negligence, willful breach or
misconduct.

            16. COMPENSATION FOR SERVICES. The Company agrees to pay the
Subscription Agent Pursuant to the terms in the proposal provided to the Company
by the Subscription Agent as set forth on Exhibit B attached hereto.

            17. AMENDMENT; MODIFICATION; WAIVER. This Agreement may be amended,
waived, discharged, or terminated in whole or in part only by a written
instrument signed by the party against whom enforcement of such amendment,
waiver, discharge, or termination is sought. Notwithstanding the immediately
preceding sentence, the parties shall supplement or amend this Agreement to
conform to any amendments or changes that the company may make to the terms and
conditions of the Rights and the offer of the Common Shares through the Rights.

            18. NOTICES. All notices, requests demands an other communications
required or permitted under this Agreement shall be in writing and shall be
deemed to have been duly given, made and received (i) when delivered against
receipt; (ii) upon delivery by an overnight courier service or facsimile with
confirmation of receipt; or (iii) upon actual receipt of registered or certified
mail, postage prepaid, return receipt requested, addressed as set forth below:

                  (a)   If to the Company:

                               Navidec, Inc.
                               6399 South Fiddler's Green Circle
                               Suite 300
                               Greenwood Village, Colorado 80111
                               (303) 222-1000 (tel)
                               (303) 222-1001 (fax)
                               Attention:  Chief Executive Officer

                  (b)   If to the Subscription Agent:

                               Computershare Trust Company, Inc.
                               PO Box 1596
                               Denver, Colorado 80201-1596
                               Attention:  John Harmann
                               (303) 262-0600 ext 4732 (tel)
                               (303) 262-0606 (fax)

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                  Any party may alter the address to which communications or
            copies are to be sent by giving notice of such change of address in
            conformity with the provisions of the paragraph for the giving of
            notice.

            19. DELAYS OR OMISSIONS. No delay or omission to exercise any right,
power, or remedy accruing to any party to this Agreement, upon any breach or
default of any other party under this Agreement, shall impair any such right,
power, or remedy; nor shall it be construed to be a waiver of, or an
acquiescence in any such breach or default or any similar breach or default
thereafter occurring; nor shall any waiver of any single breach or default be
deemed a waiver of any other breach or default theretofore or thereafter
occurring. Any waiver, permit, consent or approval of any kind or character, on
the part of any party, of any breach or default under this Agreement, or any
waiver, on the part of any party, of any provisions or conditions of this
Agreement, must be made in writing and shall be effective only to the extend
specifically set forth in such writing. All remedies, either under this
Agreement or by law and otherwise afford to any party, shall be cumulative and
not alternative.

            20. PROVISIONS SEPARABLE. The provisions of this Agreement are
independent and separable from each other, and no provision shall be affected or
rendered invalid or unenforceable by virtue of the fact that for any reason or
any other or others of them may be invalid or unenforceable in whole or in part.

            21. GENDER. Whenever appropriate in this Agreement, terms in the
singular form shall include the plural (and vice versa) and any gender form
shall include all others.

            22. SECTION HEADINGS. Section headings are for the convenience of
the parties and do not form a part of this Agreement

            23. BINDING EFFECT; PARTIES. This Agreement shall be binding on the
Company, the Subscription Agent, and their respective successors and assigns;
and nothing in this Agreement shall confer upon any other person or entity any
right, remedy, or claim, or impose upon any other person and duty, liability, or
obligation.

            24. EXECUTION IN COUNTERPARTS. This Agreement may be executed in any
number of counterparts, each of which shall be deemed to be an original as
against any party whose signature appears thereon, and all of which shall
together constitute one and the same instrument. This Agreement shall become
binding when one or more counterparts hereof, individually or taken together,
shall bear the signatures of all of the parties reflected hereon as the
signatories. Any facsimile, photographic or xerographic copy of this Agreement,
with all signatures reproduced on one or more sets of signature pages, shall be
considered for all purposes as if it were an executed counterpart of this
Agreement.

            25. EXHIBITS AND SCHEDULES; ENTIRE AGREEMENT. All Exhibits and
Schedules referred to herein or attached hereto are hereby incorporated by
reference into, and made a part of, this Agreement. This Agreement, together
with the Exhibits and Schedules hereto, contains the entire agreement and
understanding among the parties hereto with respect to the subject matter
hereof, and supersedes all prior and contemporaneous agreements, understandings,
inducements and conditions, express or implies, oral or written, of any nature
whatsoever with

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respect to the subject matter hereof. The express terms hereof control and
supersede any course of performance and/or usage of the trade inconsistent with
any of the terms hereof. This Agreement may not be modified or amended other
than by an agreement in writing.

            26. CONTROLLING LAW. THIS AGREEMENT AND ALL QUESTIONS RELATING TO
ITS VALIDITY, INTERPRETATION, PERFORMANCE AND ENFORCEMENT, SHALL BE GOVERNED BY
AND CONSTRUED, INTERPRETED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE
OF COLORADO, NOTWITHSTANDING ANY COLORADO OR OTHER CONFLICT OF LAW PROVISIONS TO
THE CONTRARY.

         [THE REMAINDER OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK]

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

                                     NAVIDEC, INC.

                                     By: ________________________________
                                     Name: ______________________________
                                     Title: _____________________________

                                     Computershare Trust Company, Inc.
                                     By: ________________________________
                                     Name: ______________________________
                                     Title: _____________________________

                                     Computershare Trust Company, Inc.
                                     By: ________________________________
                                     Name: ______________________________
                                     Title: _____________________________

                                       11<PAGE>

                                                                    EXHIBIT 10.2

                            SELLING DEALER AGREEMENT

To Whom It May Concern:

         Navidec, Inc., a corporation organized under the laws of Colorado (the
"Issuer"), hereby enters into this Selling Dealer Agreement (the "Agreement")
with you. You, together with all other broker-dealers executing this Agreement,
shall be referred to as the "Selling Dealers."

         I. Description of the Offering. The Issuer proposes to issue to all of
its existing shareholders and holders of its Series I 5% Convertible Debentures
who convert their debentures prior to or during the Rights Offering, Rights to
acquire one additional share of the Issuer's no par value common stock for each
share of common stock owned by the shareholder on the Record Date, November 15,
2002, or in to which the Series I 5% Convertible Debenture could have been
convertible at the Record Date. The purchase price per share is $1.80. Upon the
Effective Date of the Registration Statement as hereinafter defined, the Company
intends to solicit the exercise of the Rights for a period of 30 days unless
during the 30-day exercise period, the Issuer, in its sole discretion,
determines to extend the Offering for up to an additional 30 days after which
date the Offering shall terminate (the "Termination Date"). There is no minimum
number of Rights which must be exercised. ComputerShare Trust Company, Inc. has
been appointed as the subscription agent to receive the subscription price and
all subscription documents, and shall be responsible for the issuance of all
common shares upon receipt of all necessary documents and the exercise price.
Notwithstanding the Termination Date, the Offering provides an over subscription
privilege as described in the Prospectus which will be effectuated immediately
after the Termination Date. The Issuer reserves the right to refuse to sell the
Securities to any Person at any time. Persons accepting the offer to subscribe
and thereafter purchasing the Securities and becoming Shareholders of the Issuer
are herein referred to as "Investors." The Issuer and the Offering are more
fully described in the Prospectus (as defined in Section II.A. below).

         II. Representations and Warranties of the Issuer. The Issuer
represents, covenants, warrants and agrees with you for your benefit that:

                  A. The Issuer has prepared and filed with the Securities and
Exchange Commission (the "Commission"), a Registration Statement and amendments
thereto, on Form S-3 (File No. 333-101380) covering the registration of
Securities under the Securities Act of 1933 (the "Securities Act") and the Rules
and Regulations of the Commission under the Securities Act (the "Rules and
Regulations"). Such Registration Statement, as amended, qualifies for use under
Form S-3 at the time it becomes effective. The registration statement and final
prospectus included therein, are herein respectively called the "Registration
Statement" and the "Prospectus."

                  B. The Registration Statement and Prospectus, and all
amendments or supplements thereto, will contain all statements which are
required to be stated therein in accordance with the Securities Act and the
Rules and Regulations and will conform in all material respects with the
requirements of the Securities Act and the Rules and Regulations, and neither
the Registration Statement nor the Prospectus, nor any amendment or supplement
thereto,
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will contain any untrue statement of a material fact or omit any material fact
required to be stated therein or necessary to make the statements therein not
misleading.

                  C. The Accountants who have certified or shall certify the
audited financial statements of the Issuer filed and to be filed with the
Commission by being incorporated by reference as part of the Registration
Statement and the Prospectus were independent accountants as required by the
Securities Act and the Rules and Regulations.

                  D. The financial statements of the Issuer filed with and as
part of the Registration Statement present fairly the financial position of the
Issuer, respectively, as of the dates of such financial statements, in
conformity with generally accepted accounting principles.

                  E. Subsequent to the respective dates as of which information
is given in the Registration Statement and the Prospectus, and except as set
forth therein or contemplated thereby: (i) there has not been any material
adverse change in the condition, financial or otherwise, of the Issuer; and (ii)
the Issuer has not incurred any liability or obligation or entered into any
transaction otherwise than in the ordinary course of business, which change or
liability, obligation or transaction is material to the financial condition of
the Issuer.

                  F. The Securities conform to the description thereof contained
in the Prospectus in all material respects.

                  G. Neither the issuance nor the sale of the Securities, nor
the consummation of any other of the transactions herein contemplated, nor the
fulfillment of the terms hereof, will conflict with, result in a breach of or
constitute a default under the terms of any indenture, or other material
agreement or instrument to which the Issuer will be subject, or to the best of
their respective knowledge, any order or regulation applicable to any or all of
them of any court, regulatory or governmental body having jurisdiction over them
or any of their respective properties or operations.

                  H. The Securities, when issued, will be duly authorized,
validly issued, fully paid and nonassessable.

                  I. The Issuer has been duly formed pursuant to Colorado and is
validly existing as a corporation in good standing under the laws of the State
of Colorado with full power and authority to own properties (or interest
therein) and conduct its business as described in the Prospectus.

                  J. The person who has signed this Agreement on behalf of the
Issuer, is duly authorized to so sign, and this Agreement has been duly executed
and delivered by, and is the valid, legal and binding agreement of, the Issuer,
enforceable in accordance with its terms.

         III. Representations, Warranties and Agreements of the Selected Dealer.
You represent and warrant to and agree with the Issuer as follows:

                  A. You are registered as a broker-dealer with the Commission,
are a member in good standing of the National Association of Securities Dealers,
Inc. ("NASD") and are duly

                                       2
<PAGE>
licensed and authorized to act as a broker-dealer for the sale of securities in
all jurisdictions in which you intend to or will make offers and/or sales of the
Securities pursuant to this Agreement.

                  B. In connection with the offer and sale of the Securities
pursuant to this Agreement, you will comply with all provisions of the
Securities Act, the Rules and Regulations and other federal laws and regulations
pertaining to the sales of securities pursuant to the Offering, the securities
or "blue sky" laws and regulations and other applicable laws and regulations of
the states or other jurisdiction in which you will sell the Securities and the
Bylaws and the Rules of Conduct of the NASD, including all published NASD
interpretations thereof, whether issued by the Board of Governors of the NASD,
contained in any NASD Notice to Members or otherwise (the "NASD Rules of
Conduct").

                  C. You will make no sales of the Securities unless such sale
is preceded or accompanied by the Prospectus.

                  D. You will assist the Issuer in qualifying the Securities for
sale under the laws of such states or jurisdiction as you and the Issuer shall
mutually agree and shall make no sale of the Securities in any state or
jurisdiction until you have been advised by the Issuer that the Securities have
been duly qualified for sale therein.

                  E. Pursuant to your appointment as agent for the Issuer as set
forth in Section IV below, insofar as it is within your control, you will in
good faith use your best efforts to conduct the Offering in compliance with the
Securities Act and the Rules and Regulations, the NASD Rules of Conduct and the
permit(s) or authorizations issued with respect to the Offering by any state or
other securities regulatory authority and in this regard:

                           1. You will, during the course of the Offering, and
                  to the extent you or any person associated with you makes any
                  representations other than those set forth in the Prospectus,
                  not make any untrue statement of a material fact or omit to
                  state a material fact required to be stated or necessary to
                  make any statement made not misleading concerning the Offering
                  or any matters set forth in or contemplated by the Prospectus.

                           2. You will, prior to the sale of any of the
                  Securities, make every reasonable effort to determine that an
                  investment in the Securities is a suitable and appropriate
                  investment for each prospective Investor and you will prepare
                  and maintain for your benefit and for the benefit of the
                  Issuer and the Issuer file memoranda and other appropriate
                  records substantiating the foregoing, which records shall
                  include but not be limited to the prospective Investor's age,
                  investment objectives, investment experience, income, net
                  worth, financial situation and other investments.

                           3. You will, in the event you use any sales materials
                  (which, other than any such materials furnished to you by the
                  Issuer, shall be prepared and provided solely at your own
                  expense) other than the Prospectus, refrain from providing any
                  such materials to any prospective Shareholder unless such
                  materials have been approved by the Commission and the
                  securities regulatory authority of

                                       3
<PAGE>
                  the state or other jurisdiction in which the materials are to
                  be used, and are accompanied or preceded by the Prospectus.

                           4. Until the Termination Date, if any event affecting
                  the Issuer, or you should occur which the Issuer or their
                  counsel believe should be set forth in a supplement or
                  amendment to the Prospectus, you agree to distribute such
                  supplement or amendment to persons who have previously
                  received a copy of the Prospectus from you and continue to be
                  interested in the Issuer and further agree to include such
                  supplement or amendment in all further deliveries of the
                  Prospectus. The Issuer shall, at its own expense, prepare and
                  furnish to you a reasonable number of copies of that
                  supplement or amendment for such distribution.

                           5. You will implement appropriate procedures designed
                  to assure that each solicitation and sale made by you and the
                  persons associated with you, and your and their efforts
                  hereunder, will be in accordance with the terms of this
                  Agreement and the NASD Rules of Conduct and, particularly with
                  the terms of Rule 2780 of the NASD Rules of Conduct.

                           6. In connection with receipt of any sales incentive
                  amounts, you will at all times comply with the requirements of
                  the NASD Rules of Conduct, including Rule 2780, thereof.

                           7. You will at all times comply with the requirements
                  of Rule 15c2-4 of the Commission, and all interpretations
                  thereof issued by the NASD. In this regard, upon receipt of
                  any checks from prospective Investors for the Securities, you
                  shall promptly transmit the same, together with a copy of such
                  Person's Subscription documents, to the Rights Agent by noon
                  of the next business day following your receipt thereof.

                           8. You will provide each Investor with a copy of the
                  final Prospectus at least five (5) business days prior to
                  completion of a sale of the Securities.

                           9. You will send each Investor a confirmation of his
                  or her purchase.

                           10. You will maintain records of the information used
                  to determine that an investment in the Securities is suitable
                  and appropriate for each investor and you will maintain these
                  records for at least six years.

         IV. Solicitation of Rights Exercised. On the basis of the
representations and warranties herein contained, but subject to the terms and
conditions herein set forth, you agree to solicit Rights holders to exercise
their rights to acquire our Securities on a "best efforts" basis, as agent for
the Issuer. As compensation for these services, the Issuer agrees that the
Issuer, as the Manager, will pay you a sales commission on all Rights exercised
as a result of your solicitation pursuant to the terms of this Agreement of five
percent (5%) of the offering price of the Securities (the "Sales Commission").

                                       4
<PAGE>
                  Notwithstanding the foregoing, however, the obligation of the
Issuer to pay the Sales Commission shall be subject to the following conditions
and limitations:

                  A. The Issuer has reserved the right to accept or reject any
subscriptions for the Securities as set forth in the Prospectus and no Sales
Commission will be payable to you with respect to the tender of any subscription
which is rejected by you or the Issuer as aforesaid.

                  B. None of such Sales Commissions will be payable or paid
until released to the Issuer, from the escrow account in which they are to be
deposited,

         V. Certain Covenants of the Issuer. The Issuer covenants and agrees
with you as follows:

                  A. The Issuer will not at any time file or make any amendment
or supplement to the Registration Statement or Prospectus of which you shall
have not previously been advised and furnished a copy.

                  B. The Issuer will advise you immediately, and confirm the
advice in writing (i) when the Registration Statement shall have become
effective with the Commission; (ii) when any post-effective amendment to the
Registration Statement shall have become effective, or any supplement to the
Prospectus or any amended Prospectus shall have been filed; (iii) of any request
of the Commission for amendment or supplementation of the Registration Statement
or Prospectus or for additional information, and (iv) of the issuance by the
Commission of any stop order suspending the effectiveness of the Registration
Statement or of the suspension of the qualification of the Securities for
offering or sale in any jurisdiction, or of the institution of any proceedings
for any such purposes. The Issuer will use its best efforts to prevent the
issuance of any such stop order or of any order preventing or suspending such
use and to obtain as soon as possible the lifting thereof, if issued.

                  C. The Issuer will deliver to you without charge, and when
requested, such number of copies of the Prospectus (as supplemented or amended,
if the Issuer shall have made any supplements or amendments thereto) as you may
reasonably request.

                  D. The Issuer will comply to the best of its ability with the
Securities Act and the Rules and Regulations so as to permit the continuance of
sales of and dealings in the Securities under the Securities Act. If at any time
when a prospectus is required to be delivered under the Securities Act, an event
shall have occurred as a result of which it is necessary to amend or supplement
the Prospectus in order to make the statements therein not false or misleading
or to make the Prospectus comply with the Securities Act, the Issuer will notify
you promptly thereof and will furnish to you an amendment or supplement which
will correct such statement in accordance with the requirements of the
Securities Act and the Rules and Regulations.

                  E. The Issuer will use its best efforts to qualify the
Securities for sale under the laws of such states or jurisdictions as the Issuer
shall determine and will comply to the best of its ability with such laws so as
to permit the continuance of sales of and dealings in the Securities thereunder.

                                       5
<PAGE>
                  F. The Issuer will furnish to you copies of all such
documents, reports and information as shall be of general interest and are
furnished by the Issuer to Investors generally.

                  G. The Issuer will pay and bear all costs and expenses in
connection with the preparation, printing and filing of the Registration
Statement, the Prospectus and amendments or supplements thereto, including fees
of legal counsel for the Issuer, the qualifying of the Securities under the laws
of certain jurisdictions as aforesaid, including filing fees and fees and
disbursements of counsel in connection therewith, and the cost of furnishing to
you and other Selling Dealers copies of the Registration Statement and the
Prospectus and amendments or supplements thereto as herein provided.

         VI. Conditions to Your Obligations. Your obligations hereunder shall be
subject to the accuracy of and compliance with, as of the date hereof and
through the Termination Date, the representations, warranties and covenants of
the Issuer, contained in Sections II and V above, to the performance by the
Issuer of their obligations to be performed hereunder, and to the receipt by you
of the following:

                  A certificate dated as of the later of the effective date of
the Registration Statement, or the date of this Agreement, signed by the Issuer
to the effect that, as of such date (i) the representations and warranties of
the Issuer contained in the Agreement are correct; and (ii) it has carefully
examined the Registration Statement and the Prospectus, and in its opinion (a)
neither the Registration Statement nor the Prospectus nor any amendment or
supplement thereto contains any untrue statement of a material fact or omits to
state any material fact required to be stated therein or necessary to make the
statements therein not misleading, and (b)there are no material legal or
governmental proceedings to which the Issuer is party or of which the business
or the property of the Issuer is the subject which are not disclosed in the
Registration Statement and Prospectus.

         VII. Conditions to Issuer's Obligations. The obligations of the Issuer
shall be subject to the accuracy as of the date hereof, through the Termination
Date, of the representations and warranties contained in Section III hereof, to
the performance by you of your obligations hereunder required to be performed on
or before the Termination Date, and to the following further conditions, namely,
that it is understood and agreed that neither you nor any of your
representatives is authorized to make any representations on behalf of the
Issuer, other than those contained in the Prospectus, or to act as the agent of
the Issuer in any other capacity except as expressly set forth herein, and each
time you submit a subscription of a potential Investor, you shall be deemed to
have represented to the Issuer that you have complied with the foregoing
conditions.

         VIII. Indemnification.

                  A. The Issuer will indemnify and hold you harmless against any
losses, claims, damages, or liabilities, joint or several:

                           1. to which you may become subject under the
                  Securities Act, any state securities laws or otherwise,
                  insofar as such losses, claims, damages or liabilities (or
                  actions in respect thereof) arise out of or are based upon any
                  untrue

                                       6
<PAGE>
                  statement or alleged untrue statement of any material fact
                  contained in the Registration Statement, the Prospectus or any
                  amendment or supplement thereto, any other document filed by
                  the Issuer with any state securities regulatory authority in
                  connection with the Offering or any sales literature prepared
                  by the Issuer, or arise out of or are based upon the omission
                  or alleged omission to state therein a material fact required
                  to be stated therein or necessary to make the statements
                  therein not misleading, unless the statement or omission was
                  the direct result of information provided to the Issuer or
                  their agents by you; or

                           2. to which you may become subject due to any
                  misrepresentation by the Issuer or their agents (other than
                  you or any other Selling Dealer) of a material fact in
                  connection with the sale of the Securities, unless the
                  misrepresentation of such material facts was the direct result
                  of information provided to the Issuer or their agents by you;
                  or

                           3. to which you may become subject as a result of any
                  breach by the Issuer of the representations and warranties
                  contained herein.

                  The Issuer will reimburse you for any legal or other expenses
reasonably incurred in connection with investigating or defending any such loss,
claim, damage or liability (or actions in respect thereof); provided, however,
that the Issuer shall not be required to so reimburse you in any such case to
the extent that such loss, claim, damage or liability arises out of or is based
upon an untrue statement or alleged untrue statement or omission or alleged
omission made in the Registration Statement or Prospectus, or any amendment or
supplement thereto, any other document filed by the Issuer with any state
securities regulatory authority in connection with the Offering or in any sales
literature prepared by the Issuer, in reliance upon and in conformity with
written information furnished to the Issuer by you specifically for use therein.
This indemnity agreement shall be in addition to any liabilities which the
Issuer may otherwise have in connection with the Offering.

                  The foregoing indemnity agreement shall extend upon the same
terms and conditions to, and shall inure to the benefit of, each Person, if any,
who controls you within the meaning of the Securities Act.

                  B. You agree to indemnify and hold harmless the Issuer against
any losses, claims, damages or liabilities, joint or several, to which any or
all of them may become subject, under the Securities Act, any state securities
laws or otherwise, insofar as such losses, claims, damages or liabilities (or
actions in respect thereof) arise out of or are based upon any untrue statements
or alleged untrue statement of any material fact contained in the Registration
Statement, he Prospectus, or any amendment or supplement thereto, any other
document filed by the Issuer with any state securities regulatory authority in
connection with the Offering or in any sales literature, or upon the omission or
the alleged omission to state in the Registration Statement or Prospectus or any
amendment or supplement thereto, any other document filed by the Issuer with any
state securities regulatory authority in connection with the Offering or in any
sales literature a material fact required to be stated therein or necessary to
make the statements therein not misleading, in each case to the extent, but only
to the extent, that such untrue statement or alleged untrue statement or
omission or alleged omission was made in the

                                       7
<PAGE>
Registration Statement or Prospectus, or amendment or supplement thereto, any
other document filed by the Issuer with any state securities regulatory
authority in connection with the Offering or in any sales literature, in
reliance upon and in conformity with written information furnished to the Issuer
by you specifically for use therein (or with respect to sales literature, to the
extent that such sales literature either was prepared by you or contained
information furnished by you); and you will reimburse the Issuer for any legal
or other expenses reasonably incurred in connection with investigating or
defending any such loss, claim, damage or liability(or action in respect
thereof). This indemnity agreement shall be in addition to any liabilities to
the Issuer or any other Person which you may otherwise have in connection with
this Offering.

                  The foregoing indemnity agreement shall extend upon the same
terms and conditions to, and shall inure to the benefit of, each Person, if any,
who controls the Issuer within the meaning of the Securities Act and its agents,
attorneys and independent auditors.

                  C. Promptly after receipt by a party hereto of notice of the
commencement of any action for which such party is eligible to be indemnified
hereunder (the "Indemnified Party"), such Indemnified Party shall, if a claim in
respect thereof is to be made against the party required under this Agreement to
indemnify the Indemnified Party (the "Indemnifying Party") notify the
Indemnifying Party in writing of the commencement thereof, within 15 days of
receipt of any complaint, claim or other notice of commencement of an action;
but the omission so to notify the Indemnifying Party shall not relieve it from
any liability which it may have to any Indemnified Party otherwise than under
this Section VIII. In case any such action shall be brought against an
Indemnified Party, such party shall notify the Indemnifying Party of the
commencement thereof, and the Indemnifying Party shall be entitled to
participate in, and, to the extent it shall wish, jointly with any other
Indemnifying Party similarly notified, to assume the defense thereof, with
counsel satisfactory to such Indemnifying and Indemnified Parties. After the
Indemnified Party shall have received notice from the agreed-upon counsel that
the defense has been so assumed, in the event that the Indemnified Party
nonetheless elects to participate in the defense of any such action for any
reason other than the presence of a conflict of interest, the Indemnifying Party
shall not be responsible for any legal or other expenses subsequently incurred
by the Indemnified Party in connection with the defense thereof.

         IX. Termination. This Agreement shall automatically be terminated, and
the Issuer shall have no liability for the payment of any commissions or fees
hereunder 30 days after the effective date of the registration statement unless
the Rights Offering is extended, at the sole election of the Issuer for up to a
maximum of an additional 30 days.

         X. Applicable Law. This Agreement shall be construed in accordance with
the laws of the State of Colorado.

         XI. Notices. All notices or communications hereunder, except as herein
otherwise specifically provided, shall be in writing and if sent to you shall be
mailed, delivered or telegraphed and confirmed to you at your address set forth
above. You and the Issuer may change your or their address for receiving notices
by written notice to the other parties hereto.

         XII. Parties. This Agreement shall inure to the benefit of and be
binding upon you, the Issuer, and each of your and their respective successors
and assigns.

                                       8
<PAGE>
         XIII. Severability. If any term or provision hereof is illegal or
invalid for any reason whatsoever, such provision shall be deemed stricken from
this Agreement and such illegality or invalidity shall not affect the validity
of the remainder hereof.

         XIV. Headings. The headings in this Agreement are provided for
convenience only and are in no way intended to describe, interpret, define, or
limit the scope, extent, or intent of this Agreement or any provisions thereof.

         If the foregoing correctly sets forth our understanding, please so
indicate in the space provided below for that purpose whereupon this letter
shall constitute a binding agreement among us.

                                        Very truly yours,

                                        NAVIDEC, INC.

                                        By:
                                           ------------------------------------
                                        Title:
                                              ---------------------------------
                                        Dated:
                                              ---------------------------------
ACCEPTED:

--------------------------------------
Broker/Dealer Firm Name

--------------------------------------
Main Office Address

--------------------------------------
City, State, Zip

--------------------------------------
Telephone Number

By:
   -----------------------------------
      Authorized Signature

--------------------------------------
Print or Type Name and Title

--------------------------------------
Tax I.D. Number

Date:
     ---------------------------------

                                       9

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