Document:

EXHIBIT 10.10

                   AMENDMENT TO BUSINESS CONSULTING AGREEMENT

     AMENDMENT (the "Amendment"), dated as of May 16, 2005, to the BUSINESS
CONSULTING AGREEMENT, dated as of January 3, 2005 (the "Agreement"), by and
between Navidec Financial Services, Inc., a Colorado corporation located at 6399
S. Fiddlers Green Circle, Suite 300, Greenwood Village, Colorado (the "Client"),
and Phoenix Alliance, Inc., a Colorado corporation located at 22 Cedar Court,
Durango, Colorado ("PR Firm").

                              W I T N E S S E T H :
                              - - - - - - - - - -

     WHEREAS, the parties desire to amend the compensation terms provided in the
Agreement; and

     WHEREAS, the parties have agreed to amend Exhibit B to the Agreement as set
forth herein;

         NOW, THEREFORE, in consideration of the foregoing recitals and the
     agreements and covenants set forth herein, the parties do agree as follows:

1. Amendment to Exhibit B. Pursuant to Section 14(a) of the Agreement, Exhibit B
is hereby amended so that it shall read in its entirety:

                                    Exhibit B
                                    ---------

                                  Compensation

B-1) Options. Upon execution of the Agreement, Client shall issue to PR Firm an
option to purchase 250,000 shares of Navidec Financial Services, Inc. common
stock at an exercise price of $0.05 per share exercisable until January 3, 2006
and upon execution of this Amendment, Client shall issue to PR Firm an option to
purchase an additional 250,000 shares of Navidec Financial Services, Inc. common
stock at an exercise price of $1.00 per share exercisable until January 3, 2010
(collectively, the "Options"). The Options will be vested upon issuance and may
not be cancelled even upon early termination.

B-2) One-Time Retainer. Client shall pay PR Firm a one time retainer of $12,500,
which is payable upon signing of the Agreement.

2. Continuing Effect; No Other Amendments. Except as expressly amended hereby,
all of the terms and provisions of the Agreement are and shall remain in full
force and effect. The amendment contained herein shall not constitute an

<PAGE>

amendment of any other provision of the Agreement or for any purpose except as
expressly set forth herein.

3. Governing Law. This Amendment shall be governed and construed in accordance
with the laws of the State of Colorado, without giving effect to the principles
of conflicts of laws.

4. Counterpart/Facsimile Signatures. This Amendment may be executed in any
number of counterparts, each of which shall constitute an original as against
any party whose signature appears thereon, all of which together shall
constitute a single instrument. The Amendment shall become binding when one or
more counterparts, individually or taken together, bear the signatures of all
parties. This Amendment may be executed by facsimile signature and the facsimile
signature of any party shall constitute an original in all respects.

                [Remainder of this page left blank intentionally;
                           Signature page to follow.]

                                       2
<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their duly authorized representatives as of the date first above
written.

                                           NAVIDEC FINANCIAL SERVICES, INC.

                                           By: /s/ Robert D. Grizzle
                                               ---------------------------------
                                           Name: Robert D. Grizzle
                                           Title: Chief Financial Officer

                                           PHOENIX ALLIANCE, INC.

                                           By: /s/ Phillip T. Huss
                                               ---------------------------------
                                           Name: Phillip T. Huss
                                           Title: President

                                       3EXHIBIT 10.11

                        NAVIDEC FINANCIAL SERVICES, INC.
                             2005 STOCK OPTION PLAN

                                   ARTICLE I
                            ESTABLISHMENT AND PURPOSE

     1.1 Establishment. Navidec Financial Services, Inc., a Colorado corporation
(the "Company"), hereby establishes a stock option plan for key employees,
consultants and members of the Board of Directors of the Company or of a
subsidiary of the Company, providing material services to the Company, which
shall be known as the Navidec Financial Services 2005 Stock Option Plan (the
"Plan"). The Company shall enter into Option agreements with Optionees pursuant
to the Plan.

     1.2 Purpose. The purpose of the Plan is to enhance shareholder value by
attracting, retaining and motivating key employees, consultants and members of
the Board of Directors of the Company and of any subsidiary of the Company by
providing them with a means to acquire a proprietary interest in the Company's
success.

                                   ARTICLE II
                          ELIGIBILITY AND PARTICIPATION

     All current and former employees, consultants and members of the Board of
Directors of the Company (the "Board"), and of any subsidiary of the Company,
are eligible to participate in the Plan and receive Options under the Plan.
Optionees under the Plan shall be selected by the Board, in its sole discretion,
from among those current and former employees, consultants and members of the
Board of the Company, and of any subsidiary of the Company, who, in the opinion
of the Board, are or were in a position to contribute materially to the
Company's continued growth and development and to its long-term success.

                                  ARTICLE III
                                 ADMINISTRATION

     3.1 Administration. The Board shall be responsible for administering the
Plan.

          (a) The Board is authorized to interpret the Plan; to prescribe,
amend, and rescind rules and regulations relating to the Plan; to provide for
conditions and assurances deemed necessary or advisable to protect the interests
of the Company with respect to the Plan; and to make all other determinations
necessary or advisable for the administration of the Plan. Determinations,
interpretations, or other actions made or taken by the Board with respect to the
Plan and Options granted under the Plan shall be final and binding and
conclusive for all purposes and upon all persons.

          (b) At the discretion of the Board the Plan may be administered by a
Committee of two or more non-employee Directors appointed by the Board (the
"Committee"). The members of the Committee may be Directors who are eligible to
receive Options under the Plan, but Options may be granted to such persons only
by action of the full Board and not by action of the Committee. The Committee
shall have full power and authority, subject to the limitations of the Plan and
any limitations imposed by the Board, to construe, interpret and administer the

<PAGE>

Plan and to make determinations which shall be final, conclusive and binding
upon all persons, including any persons having any interests in any Options
which may be granted under the Plan, and, by resolution or resolutions to
provide for the creation and issuance of any Option, to fix the terms upon which
and the time or times at or within which, and the price or prices at which any
shares may be purchased from the Company upon the exercise of an Option. Such
terms, time or times and price or prices shall, in every case, be set forth or
incorporated by reference in the instrument or instruments evidencing an Option,
and shall be consistent with the provisions of the Plan.

          (c) Where a Committee has been created by the Board pursuant to this
Article III, references in the Plan to actions to be taken by the Board shall be
deemed to refer to the Committee as well, except where limited by the Plan or by
the Board.

          (d) No member of the Board or the Committee shall be liable for any
action or determination made in good faith with respect to the Plan or any
Option granted under it.

                                   ARTICLE IV
                           STOCK SUBJECT TO THE PLAN

     4.1 Number. The total number of shares of common stock of the Company (the
"Stock") hereby made available and reserved for issuance under the Plan upon
exercise of Options shall be 5,000,000 shares. The aggregate number of shares of
Stock available under the Plan shall be subject to adjustment as provided in
Section 4.3.

     4.2 Unused Stock. If an Option shall expire or terminate for any reason
without having been exercised in full, or if an "immaculate cashless exercise"
(as described in Section 5.4) results in the issuance of a reduced number of
shares in satisfaction of an option grant, the unpurchased shares of Stock
subject thereto shall (unless the Plan shall have terminated) become available
for other Options under the Plan.

     4.3 Adjustment in Capitalization. In the event of any change in the
outstanding shares of Stock of the Company by reason of a stock dividend or
split, recapitalization, reclassification, or other similar capital change, the
aggregate number of shares of Stock set forth in Section 4.1 shall be
appropriately adjusted by the Board, whose determination shall be conclusive. In
any such case, the number and kind of shares of Stock that are subject to any
Option and the Option price per share shall be proportionately and appropriately
adjusted without any change in the aggregate Option price to be paid therefor
upon exercise of the Option.

                                   ARTICLE V
                             TERMS OF STOCK OPTIONS

     5.1 Grant of Options. Subject to Section 4.1, Options may be granted to
current and former employees, consultants and members of the Board of the
Company and of any subsidiary of the Company at any time and from time to time
as determined by the Board. The Board shall have complete discretion in
determining the terms and conditions and number of Options granted to each
Optionee. In making such determinations, the Board may take into account the
nature of services rendered by such current and former employees, consultants
and members of the Board, their present and potential contributions to the
Company and such other factors as the Board in its discretion shall deem
relevant.

                                       2

<PAGE>

     5.2 Option Agreement; Terms and Conditions to Apply Unless Otherwise
Specified. As determined by the Board on the date of grant, each Option shall be
evidenced by an option agreement (the "Option Agreement") that specifies: the
Option price; the duration of the Option; the number of shares of Stock to which
the Option applies; such vesting or exercisability restrictions which the Board
may impose; and any other terms or conditions which the Board may impose. All
such terms and conditions shall be determined by the Board at the time of grant
of the Option.

          (a) If not otherwise specified by the Board, the following terms and
conditions shall apply to Options granted under the Plan:

              (i) Term. The duration of the Option shall be for ten years from
          the date of grant.

              (ii) Exercise of Option. If an Option is subject to a vesting
          schedule, (A) an Option held by an Optionee who retires from
          employment with the Company after having both reached the age of sixty
          and completed twelve years of service with the Company shall continue
          to vest in accordance with the vesting schedule set forth in the
          applicable Option Agreement notwithstanding the termination of the
          Optionee's employment with the Company, provided that prior to the
          exercise of the Option such Optionee does not after such retirement
          become employed on a full-time basis by a competitor of the Company
          prior to reaching age sixty-five, and (B) an Option held by a
          non-employee Director of the Company who retires from the Board after
          completing at least five years of service to the Company shall become
          fully vested.

              (iii) Termination. Each Option granted pursuant to the Plan shall
          expire on the earliest to occur of:

                   (A) The date set forth in such Option, not to exceed ten
          years from the date of grant;

                   (B) The third anniversary of the completion of the merger or
          sale of substantially all of the Stock or assets of the Company with
          or to another company in a transaction in which the Company is not the
          survivor, except for the merger of the Company into a wholly-owned
          subsidiary (and the Company shall not be considered the surviving
          corporation for purposes hereof if the Company or any of its
          subsidiaries is the survivor of a reverse triangular merger and the
          Company's shareholders immediately prior to the merger own less than
          50% of the value of the Company's stock immediately after the merger);
          or

                   (C) The termination of the employment of an Optionee for
          cause by the Company.

                                       3

<PAGE>

              (iv) Acceleration. An Option shall become fully vested and
          exercisable irrespective of its other provisions (A) immediately prior
          to the completion of the merger or sale of substantially all of the
          stock or assets of the Company in a transaction in which the Company
          is not the survivor, except for the merger of the Company into a
          wholly-owned subsidiary (and the Company shall not be considered the
          surviving corporation for purposes hereof if the Company or any of its
          subsidiaries is the survivor of a reverse triangular merger and the
          Company's shareholders immediately prior to the merger own less than
          50% of the value of the Company's stock immediately after the merger);
          (B) upon termination of the Optionee's employment with the Company or
          a subsidiary thereof because of death, disability or normal retirement
          upon reaching the age of sixty-five; or (C) in the event that the
          Optionee is a non-employee member of the Company's Board of Directors,
          upon retirement from the Company's Board of Directors after reaching
          the age of seventy.

              (v) Transferability. In addition to the Optionee, the Option may
          be exercised, to the extent exercisable by the Optionee, by the person
          or persons to whom the Optionee's rights under the Option pass by will
          or the laws of descent and distribution, by the spouse or the
          descendants of the Optionee or by trusts for such persons, to whom or
          which the Optionee may have transferred the Option, or by legal
          representative of any of the foregoing. Any such transfer shall be
          made only in compliance with the Securities Act of 1933, as amended,
          and the requirements therefor as set forth by the Company.

          (b) The Board shall be free to specify terms and conditions other than
and in addition to those set forth above, in its discretion.

          (c) All Option Agreements shall incorporate the provisions of the Plan
by reference.

     5.3 Option Price. No Option granted pursuant to the Plan shall have an
Option price that is less than the fair market value of Stock on the date the
Option is granted, as determined by the Board. The Option exercise price shall
be subject to adjustment as provided in Section 4.3 above.

     5.4 Payment. Payment for all shares of Stock shall be made at the time that
an Option, or any part thereof, is exercised, and no shares shall be issued
until full payment therefor has been made. Payment shall be made (i) in cash, or
(ii) in Stock, or, if acceptable to the Board, in some other form.

     5.5 Repricing. An outstanding Option may be repriced after the grant
thereof to provide for a lower Option exercise price, whether through adjustment
or amendment to the Option exercise price, issuance of an amended Option,
cancellation of the Option and issuance of a replacement Option, or by any other
means with substantially the same economic effect, with approval of the Board.

                                       4

<PAGE>

                                   ARTICLE VI
                        WRITTEN NOTICE, ISSUANCE OF STOCK
                      CERTIFICATES, SHAREHOLDER PRIVILEGES

     6.1 Written Notice. An Optionee wishing to exercise an Option shall give
written notice to the Company, in the form and manner prescribed by the Board.
Full payment for the shares of Stock acquired pursuant to the Option must
accompany the written notice.

     6.2 Issuance of Stock Certificates. As soon as practicable after the
receipt of written notice and payment, the Company shall deliver to the Optionee
a certificate or certificates for the requisite number of shares of Stock.

     6.3 Privileges of a Shareholder. An Optionee or any other person entitled
to exercise an Option under the Option Agreement shall not have shareholder
privileges with respect to any Stock covered by the Option until the date of
issuance of a stock certificate for such Stock.

                                  ARTICLE VII
                               RIGHTS OF OPTIONEES

     Nothing in the Plan shall interfere with or limit in any way the right of
the Company or a subsidiary corporation to terminate any employee's or
consultant's employment at any time, nor confer upon any employee or consultant
any right to continue in the employ of the Company or a subsidiary corporation.

                                  ARTICLE VIII
                          AMENDMENT, MODIFICATION, AND
                             TERMINATION OF THE PLAN

     The Board may at any time terminate and from time to time may amend or
modify the Plan. Any amendment or modification of the Plan by the Board may be
accomplished without approval of the shareholders of the Company, unless
shareholder approval of such amendment or modification is required by any law or
regulation governing the Company.

     No amendment, modification, or termination of the Plan shall in any manner
adversely affect any outstanding Option under the Plan without the consent of
the Optionee holding the Option.

                                   ARTICLE IX
                       ACQUISITION, MERGER OR LIQUIDATION

     9.1 Acquisition.

          (a) In the event that an acquisition occurs with respect to the
Company, the Company shall have the option, but not the obligation, to cancel
Options outstanding as of the effective date of such acquisition, whether or not
such Options are then exercisable, in return for payment to the Optionees of an
amount equal to a reasonable estimate of an amount (hereinafter the "Spread"),
determined by the Board, equal to the difference between the net amount per
share payable in the acquisition or as a result of the acquisition, less the
exercise price of the Option. In estimating the Spread, appropriate adjustments

                                       5

<PAGE>

to give effect to the existence of the Options shall be made, such as deeming
the Options to have been exercised, with the Company receiving the exercise
price payable thereunder, and treating the Stock receivable upon exercise of the
Options as being outstanding in determining the net amount per share.

          (b) For purposes of this section, an "acquisition" shall mean any
transaction in which substantially all of the Company's assets are acquired or
in which a controlling amount of the Company's outstanding shares are acquired,
in each case by a single person or entity or an affiliated group of persons and
entities. For purposes of this section, a controlling amount shall mean more
than fifty percent of the issued and outstanding shares of Stock of the Company.
The Company shall have the above option to cancel Options regardless of how the
acquisition is effectuated, whether by direct purchase, through a merger or
similar corporate transaction, or otherwise. In cases where the acquisition
consists of the acquisition of assets of the Company, the net amount per share
shall be calculated on the basis of the net amount receivable with respect to
shares upon a distribution and liquidation by the Company after giving effect to
expenses and charges, including but not limited to taxes, payable by the Company
before the liquidation can be completed.

          (c) Where the Company does not exercise its option under this Section
9.1 the remaining provisions of this Article IX shall apply, to the extent
applicable.

     9.2 Merger or Consolidation. If the Company shall be the surviving
corporation in any merger or consolidation, any Option granted hereunder shall
pertain to and apply to the securities to which a holder of the number of shares
of Stock subject to the Option would have been entitled in such merger or
consolidation, provided that the Company shall not be considered the surviving
corporation for purposes hereof if the Company or any of its subsidiaries is the
survivor of a reverse triangular merger and the Company's shareholders
immediately prior to the merger and less than 50% of the value of the Company's
stock immediately after the merger.

     9.3 Other Transactions. A merger and consolidation in which the Company is
not the surviving corporation (the Company shall not be considered the surviving
corporation for purposes hereof if the Company or any of its subsidiaries is the
survivor of a reverse triangular merger and the Company's shareholders
immediately prior to the merger and less than 50% of the value of the Company's
stock immediately after the merger) shall cause every Option outstanding
hereunder to terminate on the third anniversary date of the effective date of
such merger or consolidation. A dissolution or liquidation of the Company shall
cause every Option outstanding hereunder to terminate effective as of the date
of such dissolution or liquidation of the Company. However, if the Optionee is
offered a firm commitment whereby the resulting or surviving corporation in a
merger or consolidation will tender to the Optionee an option (the "Substitute
Option") to purchase its shares on terms and conditions both as to number of
shares and otherwise, which will substantially preserve to the Optionee the
rights and benefits of the Option outstanding hereunder granted by the Company,
the Option shall remain exercisable upon its terms. The Board shall have
absolute and uncontrolled discretion to determine whether the Optionee has been
offered a firm commitment and whether the tendered Substitute Option will
substantially preserve to the Optionee the rights and benefits of the Option
outstanding hereunder.

                                       6

<PAGE>

                                   ARTICLE X
                             SECURITIES REGISTRATION

     10.1 Securities Registration. In the event that the Company shall deem it
necessary or desirable to register under the Securities Act of 1933, as amended
(the "Securities Act"), or any other applicable statute, any Options or any
Stock with respect to which an Option may be or shall have been granted or
exercised, or to qualify any such Options or Stock under the Securities Act, or
any other statute, then the Optionee shall cooperate with the Company and take
such action as is necessary to permit registration or qualification of such
Options or Stock.

     10.2 Representations. Unless the Company has determined that the following
representation is unnecessary, each person exercising an Option under the Plan
may be required by the Company, as a condition to the issuance of the shares of
Stock pursuant to exercise of the Option, to make a representation in writing
(i) that he is acquiring such shares for his own account for investment and not
with a view to, or for sale in connection with, the distribution of any part
thereof within the meaning of the Securities Act, and (ii) that before any
transfer in connection with the resale of such shares, he will obtain the
written opinion of counsel for the Company, or other counsel acceptable to the
Company, that such shares may be transferred without registration thereof. The
Company may also require that the certificates representing such shares contain
legends reflecting the foregoing. To the extent permitted by law, including the
Securities Act, nothing herein shall restrict the right of a person exercising
an Option to sell the shares received in an open market transaction.

                                   ARTICLE XI
                                 TAX WITHHOLDING

     Whenever shares of Stock are to be issued in satisfaction of Options
exercised under the Plan, the Company shall have the power to require the
recipient of the Stock to remit to the Company an amount sufficient to satisfy
federal, state, and local withholding tax requirements, if any.

                                  ARTICLE XII
                                 INDEMNIFICATION

     To the extent permitted by law, each person who is or shall have been a
member of the Board or the Committee shall be indemnified and held harmless by
the Company against and from any loss, cost, liability, or expense that may be
imposed upon or reasonably incurred by him in connection with or resulting from
any claim, action, suit, or proceeding to which he may be a party or in which he
may be involved by reason of any action taken or failure to act under the Plan
and against and from any and all amounts paid by him in settlement thereof, with
the Company's approval, or paid by him in satisfaction of judgment in any such
action, suit, or proceeding against him, provided he shall give the Company an
opportunity, at its own expense, to handle and defend the same before he
undertakes to handle and defend it on his own behalf. The foregoing right of
indemnification shall not be exclusive of any other rights of indemnification to
which such persons may be entitled under the Company's certificate of
incorporation or bylaws, as a matter of law, or otherwise, or any power that the
Company or a Subsidiary Corporation may have to indemnify them or hold them
harmless.
                                       7
<PAGE>

                                  ARTICLE XIII
                               REQUIREMENTS OF LAW

     13.1 Requirements of Law. The granting of Options and the issuance of
shares of Stock upon the exercise of an Option shall be subject to all
applicable laws, rules, and regulations, and to such approvals by any
governmental agencies or national securities exchanges as may be required.

     13.2 Governing Law. The Plan, and all agreements hereunder, shall be
construed in accordance with and governed by the laws of the State of Colorado.

                                  ARTICLE XIV
                             EFFECTIVE DATE OF PLAN

     The Plan shall be effective on September 21, 2004.

                                   ARTICLE XV
                        NO OBLIGATION TO EXERCISE OPTION

     The granting of an Option shall impose no obligation upon the holder
thereof to exercise such Option.

     THIS STOCK OPTION PLAN was adopted by the Board of Directors of the Company
on May 6, 2005.

                                           By: /s/ John McKowen
                                               -------------------------------
                                                   John R. McKowen, President

                                       8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}]]