Document:

EXHIBIT 10.5

                              EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT (the "Agreement") is made as of the 9th day of
September, 2004, by and between Robert D. Grizzle, an individual ("Employee"),
and Navidec Financial Services Inc., a Colorado corporation (the "Company").

WHEREAS, the Company and Employee have entered into previous employment
agreements and desire to terminate those employment agreements and enter into a
new formalized employment arrangement; and

WHEREAS, the Company has determined that it is in the best interests of the
Company and its stockholders to enter into this Agreement setting forth the
rights, obligations and duties of both the Company and the Employee; and

WHEREAS, the Company wishes to assure itself of the services of the Employee for
the period hereinafter provided, and the Employee is willing to be employed by
the Company for said period, upon the terms and conditions provided in this
Agreement.

IN CONSIDERATION of the mutual covenants and promises herein contained, and
subject to the terms and conditions herein set forth, Employee and the Company
hereby agree as follows:

     1. Term of Employment; Duties.

     (a) The "Term of Employment" shall commence on the date of this Agreement
and shall continue for an initial term of one (1) years unless earlier
terminated as provided in this Agreement (the "Initial Term"). After the Initial
Term, the Term of Employment will automatically renew for successive one (1)
year terms unless and until either party delivers notice of termination to the
other within thirty (30) days of the expirations of the then current term.

     (b) During the Term of Employment, the Company shall employ Employee, and
Employee shall work for the Company, as Chief Financial Officer. In such
capacity, Employee shall perform such duties as are traditional and customary to
that position and as may be reasonably directed by the Board of Directors of the
Company (the "Board")

     (c) During the Term of Employment, except as set forth below, Employee
shall devote full time and effort to carrying out Employee's duties for the
Company hereunder, shall not engage in any activity which would be inconsistent
with such duties or with the objectives of the Business (as defined below), and
shall diligently perform Employee's obligations and discharge Employee's duties
hereunder. Provided, however, nothing in this Paragraph shall prevent Employee
from devoting time to managing investments, participating with charitable
organizations and trade groups or other similar activities. The "Business" of
the Company is to investigate, acquire, and manage business opportunities for
the Company.

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     2. Compensation. During the Term of Employment, the following compensation
and benefits shall be payable and provided to Employee:

     (a) Employee shall receive from the Company an annual base salary of
$90,000 ("Base Salary"), which shall be payable in accordance with the standard
practice of the Company in the payment of salaries of its employees. Employee's
Base Salary shall be adjusted in accordance with other executives of the Company
and its Subsidiaries.

No less frequently than monthly, the Base Salary will be reviewed and may be
adjusted upward at the discretion of the Board.

     Employee shall be entitled to all granted options including 200,000 options
in the parent company at an exercise price of $0.05.

     (b) The Company shall provide Employee with such medical, hospitalization,
insurance, including but not limited to disability insurance, pension plan,
profit sharing and employee benefits and such other similar employment
privileges and benefits ("Benefits") as are afforded generally from time to time
to other executive employees of the Company, and four (4) weeks paid vacation
each year.

     (c) The Company shall provide Employee with a Company car to be leased for
no more than $500 per month at Company expense including insurance.

     (d) Employee shall also receive payments from the Company, which shall
include and be calculated as follows:

          1.   A finders fee for transactions introduced and completed by the
               Company equal to:

                      5% of the first one million of value,
                      4% of the second million
                      3% of the third million,
                      2% of the fourth million, and
                      1% of each million thereafter.

               For purposes of the above schedule, "value" shall mean the
               acquisition price, the amount of the investment or the business
               value of the other business relationship, whichever applies

          2.   Five percent (5%) of all net profits received by the Company from
               acquisitions arranged by Employee for so long as the Employee is
               employed by the Company.

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          3.   Five percent (5%) of all consulting cash payments received by the
               Company from agreements arranged by the Employee for so long as
               the Employee is employed by the Company.

          4.   Fifty percent (50%) of all consulting cash payments received by
               the Company from consulting services rendered directly by the
               Employee on behalf of the Company for so long as the Employee is
               employed by the Company.

     (e) At the sole discretion of the Board, Employee shall receive in addition
to his Base Salary annual incentive compensation (an "Annual Bonus") in an
amount and in a form to be determined by the Board upon the advice of the
Compensation Committee.

     (f) Employee shall be entitled to receive prompt reimbursement for all pre-
approved reasonable employment-related expenses incurred by Employee, upon the
receipt by the Company of an accounting in accordance with the practices,
policies and procedures applicable to other executive employees of the Company.

     3. Early Termination: Death. Notwithstanding anything to the contrary in
Paragraph 1 hereof, if Employee dies during the Term of Employment, the Term of
Employment shall terminate. Upon such termination, Employee's estate or
beneficiaries shall be entitled to receive Base Salary and Benefits earned and
accrued but unpaid through the date on which his death occurs. Employee's estate
shall receive Employee's Annual Bonus (if any), prorated for the number of
months during the fiscal year during which Employee was paid his Base Salary
("Prorated Annual Bonus"). The Prorated Annual Bonus shall be calculated and
paid in the ordinary course after completion of the fiscal year. In addition,
Employee's family ("Family") shall continue to receive health insurance coverage
("Family Health Insurance") during such one (1) year period, to the extent
permitted by the Company's health plan contract(s), or if not permitted, as
purchased by the Company at no cost to the Family. The parties shall have no
further obligation under this Agreement.

     4. Early Termination: Disability. Notwithstanding anything to the contrary
in Paragraph 1 hereof, if Employee has at any time been unable, by virtue of
illness or other physical or mental disability, to perform substantially and
continuously the duties assigned to Employee under this Agreement for a period
of ninety (90) consecutive days or one hundred twenty (120) calendar days out of
any period of one hundred eighty (180) consecutive calendar days during the Term
of Employment and the Board has received a medical opinion from a physician
reasonably acceptable to both the Company and the Employee that Employee remains
disabled after said period ("Disability"), then the Company shall have the right
to terminate the Term of Employment upon notice to Employee. Upon such
termination, Employee shall be entitled to receive any Base Salary and Benefits
earned and accrued but unpaid through the date of termination, including,
without limitation, the additional disability insurance described in Paragraph
2(b) hereof. In addition, the Employee shall have the right to receive a
Prorated Annual Bonus to the date of termination. Employee and Family shall
continue to receive health insurance coverage during a one (1) year period
following termination, to the extent permitted by the Company's health plan
contract(s), or if not permitted, as purchased by the Company at no cost to the
Family. The parties shall have no further obligation under this Agreement except
that Employee shall not be relieved of Employee's obligations under Paragraph 8.

<PAGE>

     5. Early Termination: Termination by the Company for Cause. Notwithstanding
anything to the contrary in Paragraph 1 hereof, the Term of Employment may be
terminated by the Company upon notice to Employee for "Cause." The term "Cause"
shall mean Employee's (a) final, unappealable conviction of a felony involving
fraud, dishonesty or moral turpitude; (b) willful or intentional violation of
Paragraph 8 of this Agreement which breach is not cured within thirty (30) days
after Employee's receipt of written notice from the Company; (c) willful or
intentional material breach of this Agreement which breach is not cured within
thirty (30) days after Employee's receipt of written notice from the Company;.
Upon such termination, Employee shall be entitled to receive any Base Salary and
Benefits earned and accrued but unpaid through the date of termination and a
Prorated Annual Bonus. The parties shall have no further obligation under this
Agreement except that Employee shall not be relieved of Employee's obligations
under Paragraph 8.

     6. Early Termination: Termination by the Company. In the event that the
Term of Employment is terminated by the Company without Cause, Employee shall be
entitled to receive (a) Base Salary and Benefits earned and accrued but unpaid
through the date of termination; (b) a lump sum cash payment (or six monthly
payments based on company financial status), net of any applicable withholding
taxes, in an amount equal to six months salary at the highest base salary in
effect during the twelve months prior to termination plus the prorated Annual
Bonus paid to Employee for the last fiscal year prior to termination; (c)
continuation of Benefits to the extent allowed under Company plans for one year
from the date of termination; and (d) notwithstanding any provision to the
contrary in any plan or agreement relating to stock options for shares of the
Company, immediate vesting of all of Employee's non-vested options for shares of
the Company's capital stock ("Accelerated Option Vesting") (collectively, the
"Severance Payments"). In the event the Company cannot, pursuant to any of its
benefits plans, pay any Benefits under such plan, Employee shall be entitled to
a lump sum payment equal to the after-tax value of such Benefits. The parties
shall have no further obligation under this Agreement. Employee acknowledges and
agrees that payment of Severance Payments pursuant to this Agreement shall be
conditioned upon the Company's receipt of a release, in form satisfactory to the
Company, of all claims that Employee may have against the Company, its
directors, officers, employees and/or agents and the Employee's satisfaction of
the requirements of Paragraph 8 below.

     7. Early Termination: Resignation by the Employee.

     (a) For Good Reason.

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     (i) Notwithstanding anything to the contrary in Paragraph 1 hereof, the
Term of Employment may be terminated by Employee upon notice to the Company for
"Good Reason." For purposes of this Agreement, "Good Reason" includes the
occurrence of any of the following circumstances, without Employee's express
consent: (i) any termination (including, without limitation, a termination
occasioned by non-renewal of the Term of Employment), other than for Cause,
occurring within one (1) year following a Change in Control (as defined below);
(ii) a material adverse change or material diminution in Employee's position,
duties, reporting relationships or responsibilities (as reasonably determined by
Employee in his good faith discretion); (iii) a change in the required location
of the performance of Employee's duties; (iv) a reduction in either Employee's
annual rate of Base Salary or level of participation in any non-discretionary
bonus plan for which he is eligible under Paragraph 2(c); (v) an elimination or
reduction of Employee's participation in any benefit plan generally available to
executive employees of the Company, unless the Company continues to offer
Employee benefits substantially similar to those made available by such plan; or
(vi) a breach of this Agreement by the Company which is not cured within sixty
(60) days of written notice to the Company. Employee's continued employment will
not constitute consent to, or a waiver of rights with respect to, any
circumstance constituting Good Reason; provided, however, that Employee will be
deemed to have waived his rights pursuant to the circumstances constituting Good
Reason set forth in clauses (ii) through (vi) of the preceding sentence if he
has not provided to the Company a notice of termination (described below) within
ninety (90) days following his knowledge of the circumstances constituting Good
Reason.

     (ii) Upon such termination for Good Reason, Employee shall be entitled to
receive the Severance Payments as described in Paragraph 6 of this Agreement. In
the event the Company cannot, pursuant to any of its benefits plans, pay any
Benefits under such plan, Employee shall be entitled to a lump sum payment equal
to the after-tax value of such benefits. The parties shall have no further
obligation under this Agreement except that Employee shall not be relieved of
Employee's obligations under Paragraph 8.

     (iii) Any termination of Employee's employment by Employee must be
communicated by written notice of termination to the Company in accordance with
Paragraph 20 which notice must set forth in reasonable detail the facts and
circumstances claimed to provide a basis for termination of Employee's
employment under this Paragraph 7.

     (b) Other than for Good Reason. In the event that the Term of Employment is
terminated by Employee other than as set forth in Paragraph 7(a) above, Employee
shall be entitled to receive Base Salary and Benefits earned and accrued but
unpaid through the date of termination. The parties shall have no further
obligation under this Agreement except that Employee shall not be relieved of
Employee's obligations under Paragraph 8.

     8. Confidentiality and Non-Competition.

<PAGE>

     (a) Employee acknowledges that Employee has had or shall have unlimited
access to Confidential Information (as defined below) and business methods
relating to the Company's Business and operations and that the Company would be
injured and the goodwill of the Company would be damaged if Employee were to
breach the covenants set forth in this Paragraph 8. Employee further
acknowledges that the covenants set forth in this Paragraph 8 are reasonable in
scope and duration. "Confidential Information" shall include (i) specific
business strategies relating to the Company's Business, as its Business is being
conducted at the time of any alleged breach of this Section 8; (ii)
methodologies of pricing used by the Business; (iii) customer lists; and (iv)
all other information reasonably deemed by the Company to be confidential and/or
proprietary in nature that Employee knows, or should reasonably know, is
confidential and/or proprietary.

     (b) During the Term of Employment and thereafter, except as may be required
by law or necessary in connection with any dealings with any public agency or
authority, Employee shall not disclose, disseminate, divulge, discuss, copy or
otherwise use or suffer to be used, in competition with, or in a manner harmful
to the interests of, the Company, any written Confidential Information
respecting any material aspect of the Company's Business, excepting only use of
such data or information as is (i) at the time disclosed, through no act or
failure to act on the part of Employee, generally known or available; (ii)
furnished to Employee by a third party as a matter of right and without
restriction on disclosure; or (iii) required to be disclosed by court order.
Upon termination of the Term of Employment, Employee shall return to the Company
or, at the Company's direction destroy, any and all materials in tangible or
electronic form containing confidential information belonging to the Company.

     (c) During the Term of Employment and for a period of one (1) years
thereafter (except in the event this Agreement is terminated by the Company
pursuant to Paragraph 6 or this Agreement is terminated by the Employee pursuant
to Paragraph 7(a) and Employee has waived his right to collect the Severance
Payments), Employee shall not in North America, or in any international market
in which the Company is, as of the date of termination, doing business, conduct
the Business, directly or indirectly, whether as an individual on Employee's own
account, or as a shareholder, partner, joint venturer, director, officer,
employee, consultant, creditor and/or agent, of any person, firm or organization
or otherwise:

     (i) own, manage, control or participate in the ownership, management or
control of, or be employed or engaged by or otherwise affiliated or associated
as a consultant, independent contractor or otherwise with, any other
corporation, partnership, proprietorship, firm, association or other business
entity or otherwise engage in any business that is engaged in, or otherwise
directly competes with, the Business of the Company or any of the Company's
Subsidiaries (as defined herein), as such Business is conducted on the date
Employee ceases to be employed by the Company, in any capacity, including as a
consultant;

     (ii) solicit any person who, at the time of termination, is an employee or
officer of the Company or any Subsidiary, or a customer of the Business of the
Company or any Subsidiary (in its capacity as a customer of the Business) to
terminate his, her or its relationship with the Company or the Business (in the
case of a customer);

<PAGE>

     (iii) solicit any supplier of the Company or any Subsidiary (in its
capacity as a supplier of the Business), to refuse to do business with the
Company or any Subsidiary, or to do business on any less favorable terms than
the Supplier's previous terms with the Company or its Subsidiary, as the case
may be; or

     (iv) engage in disparagement (which shall not include the providing of
accurate information without invidious intent) of the Company or any Subsidiary
by any means to any person.

     (d) Notwithstanding anything herein to the contrary, Employee shall be
permitted to own shares of any class of capital stock of any publicly held
corporation so long as the aggregate holdings of Employee represent less than
two percent (2%) of the outstanding shares of such class of capital stock.

     9. Change in Control.

     (a) If there is a Change in Control (as defined below), Employee shall be
entitled to Accelerated Option Vesting.

     (b) For purposes of this Agreement, a "Change in Control" will occur

     (i) upon the sale or other disposition to a person, entity or group (as
defined for purposes of Section 13(d) of the Securities Exchange Act of 1934, as
amended) (each, a "Person") of 50% or more of the consolidated assets of the
Company taken as a whole,

     (ii) if any Person, other than Navidec, Inc., a Colorado corporation,
becomes the beneficial owner of, or has the right to acquire (by contract,
option, warrant, conversion of convertible securities or otherwise), 50% or more
of the outstanding equity securities of the Company entitled to vote for the
election of directors; and (iii) upon the merger, consolidation or
reorganization with another corporation. Notwithstanding anything herein to the
contrary, a "Change in Control" does not occur upon an initial public offering
of the Company's equity securities pursuant to an effective registration
statement under the Securities Act of 1933, as amended, or upon a transaction,
merger, consolidation or reorganization in which the Company exchanges or offers
to exchange newly issued or treasury shares in an amount less than 50% of the
then outstanding equity securities of the Company entitled to vote for the
election of directors, for 51% or more of the outstanding equity securities
entitled to vote for the election of at least the majority of the directors of a
corporation (the "Acquired Corporation"), or for all or substantially all of the
assets of the Acquired Corporation.

     (c) If all or any portion of the amount payable to Employee under this
Agreement, either alone or together with other amounts that Employee is entitled
to receive in connection with a Change in Control constitutes "excess parachute
payments," within the meaning of Section 280G of the Internal Revenue Code of
1986, as amended (the "Code"), or successor provision, that are subject to the
excise tax imposed by Section 4999 of the Code (or any similar tax or

<PAGE>

assessment), the amounts payable to Employee under this Agreement will be
increased to the extent necessary to place Employee in the same after-tax
position as Employee would have been in had no such excise tax or assessment
(including any interest or penalties thereon) been imposed on any such payment
paid or payable to Employee under this Agreement or any other payment that
Employee may receive as a result of such Change in Control. The determination of
the amount of any such tax or assessment and the resulting amount of incremental
payment required by this Paragraph 9(c) will be made by the independent
accounting firm employed by the Company immediately prior to the applicable
Change in Control, within thirty (30) calendar days after the payment of the
amount payable to Employee under this Agreement which triggered an incremental
payment under this Paragraph 9(c), and such incremental payment will be made
within five (5) business days after the determination has been made.10. Rights
and Remedies Upon Breach.

     (a) Employee expressly agrees and understands that the remedy at law for
any breach by Employee of Paragraph 8 may be inadequate and that the damages
flowing from such breach may not be readily susceptible to being measured in
monetary terms. Accordingly, it is acknowledged that upon adequate proof of
Employee's violation of Paragraph 8, the Company may be entitled, among other
remedies, to injunctive relief and may obtain a temporary restraining order
restraining any threatened or further breach. Nothing in this Paragraph 10(a)
shall be deemed to limit the Company's remedies at law or in equity for any
breach by Employee of any of the provisions of this Agreement which may be
pursued or availed of by the Company.

     (b) In the event any court of competent jurisdiction determines that the
specified time period or geographical area set forth in Paragraph 8 is
unreasonable, arbitrary or against public policy, then a lesser time period or
geographical area that is determined by the court to be reasonable,
non-arbitrary and not against public policy may be enforced.

     (c) In the event the Company has asserted in a formal legal action that
Employee is violating any legally enforceable provision of Paragraph 8 as to
which there is a specific time period during which Employee is prohibited from
taking certain actions or engaging in certain activities, then, in such event
the violation shall toll the running of the time period from the date of the
assertion until the violation ceases.

     11. Expenses. Employee is authorized to incur reasonable expenses for
carrying out and promoting the business of the Company, including expenses for
entertainment, travel and similar items, but only in accordance with the
policies of the Company, as from time to time adopted.

     12. Withholding Taxes. All payments to Employee or his beneficiary shall be
subject to withholding on account of federal, state and local taxes as required
by law. If any payment hereunder is insufficient to provide the amount of such
taxes required to be withheld, the Company may withhold such taxes from any
other payment due Employee or his beneficiary. In the event all cash payments
due Employee are insufficient to provide the required amount of such withholding
taxes, Employee or his beneficiary, within five (5) days after written notice
from the Company, shall pay to the Company the amount of such withholding taxes
in excess of all cash payments due Employee or his beneficiary.

<PAGE>

     13. Assignability; Binding Nature. This Agreement shall be binding upon and
inure to the benefit of the parties and their respective successors, heirs (in
the case of Employee) and assigns. No rights or obligations of the Company under
this Agreement may be assigned or transferred by the Company, except in
connection with a Change in Control where the assignee or transferee agrees, in
writing, to assume such rights and obligations of the Company under this
Agreement. No obligations of Employee under this Agreement may be assigned or
transferred by Employee.

     14. Entire Agreement. Except to the extent otherwise provided herein, this
Agreement contains the entire understanding and agreement between the parties
concerning the subject matter hereof and supersedes any prior agreements,
whether written or oral, between the parties concerning the subject matter
hereof.

     15. Amendment or Waiver. No provision in this Agreement may be amended
unless such amendment is agreed to in writing and signed by both Employee and an
authorized officer of the Company. No waiver by either party of any breach by
the other party of any condition or provision contained in this Agreement to be
performed by such other party shall be deemed a waiver of a similar or
dissimilar condition or provision at the same or any prior or subsequent time.
Any waiver must be in writing and signed by the Employee or an authorized
officer of the Company, as the case may be.

     16. Severability. In the event that any provision or portion of this
Agreement shall be determined to be invalid or unenforceable for any reason, in
whole or in part, the remaining provisions of this Agreement shall be unaffected
thereby and shall remain in full force and effect to the fullest extent
permitted by law.

     17. Survivorship. The respective rights and obligations of the parties
hereunder shall survive any termination of Employee's employment with the
Company to the extent necessary to the intended preservation of such rights and
obligations as described in this Agreement.

     18. Governing Law. This Agreement shall be governed by and construed and
interpreted in accordance with the laws of the State of Colorado, without
reference to principles of conflict of laws.

     19. Arbitration. With the sole exception of the injunctive relief
contemplated by Paragraph 10(a), any controversy or claim arising out of any
aspect of the relationship of the parties hereto, will be settled by binding
arbitration in Denver, Colorado by a panel of three arbitrators in accordance
with the Commercial Arbitration Rules of the American Arbitration Association.
Judgment upon any arbitration award may be entered in any court having
jurisdiction thereof and the parties consent to the jurisdiction of the courts
of the State of Colorado for this purpose.

<PAGE>

     20. Notices. Any notice given to either party shall be in writing and shall
be effective when given, and shall in any event be deemed to be given upon
receipt, or if earlier, (a) five (5) days after deposit with the U.S. Postal
Service or other applicable postal service, if delivered by first class mail,
postage prepaid, (b) upon delivery, if delivered by hand, (c) one (1) business
day after the business day of deposit with Federal Express or similar overnight
courier, freight prepaid or (d) one (1) business day after the business day of
facsimile transmission, if delivered by facsimile transmission with copy by
first class mail, postage prepaid, and shall be duly addressed to the party
concerned at the address indicated below or to such changed address as such
party may subsequently give such notice of:

                             If to the Company, to:
                          6399 S. Fiddlers Green Circle
                                    Suite 300
                           Greenwood Village, CO 80111

                               If to Employee, to:

                             -----------------------

                             -----------------------

     21. Headings. The headings of the Paragraphs contained in this Agreement
are for convenience only and shall not be deemed to control or affect the
meaning or construction of any provision of this Agreement.

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

IN WITNESS WHEREOF, the parties hereto have executed or caused to be executed
this instrument on the date first above written.

/s/ Robert D. Grizzle
---------------------
Robert D. Grizzle

/s/ John McKowen
----------------
NAVIDEC FINANCIAL SERVICES, INC.
By: John McKowen
Its: President & CEOEXHIBIT 10.6

                          BUSINESS CONSULTING AGREEMENT

This CONSULTING AGREEMENT (the "Agreement") is made and entered into as of July
8, 2004 by and between Navidec Financial Services, Inc., a Colorado corporation
located at 6399 South Fiddler's Green Circle, Suite 300, Greenwood Village,
Colorado 80111 ("Navidec"). and Phoenix Alliance, Inc., a Colorado corporation
located at 22 Cedar Court, Durango, Colorado 81301 ("PR Firm").

                                    RECITALS:
                                    ---------

A.   Client is a publicly traded company that is engaged in providing strategic
     financial consulting services to Navidec, Inc. and BPZ Energy, Inc. with
     respect to a potential merger of the two entities. (the "Business").

B.   PR Firm is strategic financial communications firm focused on the
     development and implementation of customized strategies and programs
     designed to foster and enhance corporate awareness within the financial
     markets community.

C.   Client acknowledges the expertise of PR Firm and desires to avail itself,
     for the term of this Agreement, of such expertise, and to compensate PR
     Firm in accordance herewith.

NOW, THEREFORE, in consideration of the foregoing recitals and the agreements
and covenants herein set forth, the parties, agreeing to be legally bound,
hereto agree as follows:

1)   Retention; Services. Client hereby retains PR Firm as a consultant to
     Client, and PR Firm agrees to render consulting services, as defined in
     Exhibit A attached hereto, to Client, upon the terms and conditions set
     forth in this Agreement. Notwithstanding any other provision of this
     Agreement, Client shall have the sole right to approve any arrangements
     proposed by PR Firm with regard to the performance of the services PR Firm
     is to provide hereunder.

2)   Time and Resources Devoted by PR Firm.

     a)   During the term of this Agreement, PR Firm shall spend such time as
          may be reasonably required for the performance of the Services and PR
          Firm shall guarantee the dedication of senior account executives to
          the performance of the Services.

     b)   Upon reasonable notice by Client, PR Firm will use reasonable efforts
          to accommodate requests by Client to attend and arrange specific
          meetings, conferences, and/or other similar formally scheduled events.

     c)   Upon reasonable notice by Client, PR Firm will use reasonable efforts
          to accommodate requests by Client for PR Firm to have completed
          specific Services by specifically scheduled and mutually agreed upon
          deadlines.

<PAGE>

3)   Client Cooperation. Client recognizes and acknowledges that the quality and
     accuracy of the Services, and the efficiency and timeliness of their
     completion, is significantly dependent on Client's cooperation with PR Firm
     as well as Client's available resources. Therefore, upon the reasonable
     request of PR Firm, subject to compliance with applicable securities laws,
     Client shall provide PR Firm in a reasonably timely manner such information
     and resources that may be reasonably obtainable by Client that is/are
     necessary for PR Firm to perform the Services completely and accurately in
     all material respects. PR Firm shall be entitled to rely on the
     completeness, correctness and accuracy of the information provided by
     Client to PR Firm in the performance by PR Firm of the Services.

4)   Acknowledgement of Publicly Trading Status.

     a)   PR Firm and Client agree and acknowledge that the public trading
          status of Client's common stock necessitates adherence to various
          regulations and guidelines provided and enforced by any regulatory
          bodies, including the NASD, SEC, NASDAQ or any other stock exchange,
          market or trading facility on which its shares are or have been
          listed. As such, PR Firm and Client each agrees and acknowledges that
          it shall comply at all times with all applicable federal and state
          securities laws and adhere to such regulations and guidelines provided
          and enforced by any such regulatory bodies.

     b)   Except as provided for within this Agreement, neither PR Firm, nor any
          of its employees, directors, or affiliates shall own, buy, sell,
          borrow, lend, transfer, hypothecate, or transact in any way, directly
          or indirectly the publicly traded stock of Client during the Term of
          this Agreement and for a period of three months thereafter.

     c)   Neither PR Firm, nor any of its employees, directors, or affiliates
          shall discuss with or reveal information concerning this Agreement,
          Client or the Services to parties other than i) representatives,
          affiliates, and advisors of PR Firm; ii) parties to this Agreement;
          iii) parties whom Client has informed the PR Firm are bound by
          nondisclosure agreements; iv) professional service providers such as
          accountants and counsel with whom Client has informed the PR Firm that
          they have a formal professional relationship; and v) appropriate legal
          and regulatory persons and/or entities.

5)   Authorized Representatives. Client shall be duly represented by its
     President, CEO, CFO or such other person as mutually designated in writing
     by both its President and CEO, who are each individually authorized to
     commit and legally bind Client and to provide suggestions and
     recommendations to PR Firm as needed for PR Firm to provide the Services.
     PR Firm shall be duly represented by its President, or other person
     designated in writing by the President of PR Firm, who is authorized to
     commit and legally bind PR Firm.

6)   Compensation. In consideration of the Services agreed to be provided and/or
     provided to Client hereunder, Client shall compensate PR Firm in accordance
     with this Agreement and as set forth on Exhibit B attached hereto.

                                       2
<PAGE>

7)   Additional Expenses

     a)   Ordinary Operational Expenses of PR Firm. In the performance of the
          Services, PR Firm shall incur certain expenses which are considered to
          be ordinary internal operational expenses (the "Ordinary Operational
          Expenses") and, as such, are to be paid by PR Firm and not passed on
          to the Client in any way. The Operational Expenses include those
          expenses which are expected to allow for the performance of the
          Services, including the following:

               i)   Facsimile expenses;
               ii)  Telecommunications expenses;
               iii) Printing expenses of general communications;
               iv)  Leasehold expenses.

     b)   Extraordinary Expenses of PR Firm. Client shall pay certain reasonable
          costs and expenses incurred by PR FIRM, its directors, officers,
          employees and agents, in carrying out certain duties and obligations
          pursuant to the provisions of this Agreement, excluding Ordinary
          Operational Expenses, but including and not limited to the following
          costs and expenses (the "Out-of-Pocket Expenses"); provided all costs
          and expense items in excess of $500.00 must be approved by Client in
          writing prior to PR Firm's incurrence of the same:

               i)   Travel expenses, including but not limited to
                    transportation, lodging and food expenses, when such travel
                    is conducted on behalf of the Company;
               ii)  Seminars, expositions, money and investment shows;
               iii) Radio and television time and print media advertising costs,
                    when applicable;
               iv)  Subcontract fees and costs incurred in preparation of
                    research reports, when applicable;
               v)   Cost of on-site due diligence meetings, if applicable;
               vi)  Printing and publication costs of brochures and marketing
                    materials which are not supplied by the Company;
               vii) Development of a Client corporate web site (independent of
                    the web site components present on the PR Firm home web
                    site); and
               viii) Printing and publication costs of Company annual reports,
                    quarterly reports, and/or other shareholder communication
                    collateral material which is not supplied by the Company.

8)   Start Date; Term; Termination.

     a)   The performance of the Services by PR Firm shall start on July 12,
          2004 (the "Start Date").

     b)   Term. Subject to the further provisions of this Section 8, the term of
          this Agreement shall be for the period of twelve months beginning on
          the Start Date and continuing until 5:00 PM EST on July 11, 2005 (the
          "Term"), unless sooner or later terminated in accordance with the
          further provisions of this Section 8. This Agreement may be extended
          by the mutual agreement of the parties, as evidenced by an amendment
          pursuant to Section 14(a) of this Agreement.

                                       3
<PAGE>

     c)   Termination by Client. Effective at any point following the first
          ninety (90) days of this Agreement, Client shall have the right to
          terminate this Agreement with thirty (30) days prior written notice
          for any reason whatsoever or for no reason (the "Early Termination").
          Upon the occurrence of a Early Termination, PR Firm shall be paid in
          cash, immediately upon such termination, that dollar amount equal to
          all Out-of-Pocket Expenses paid or incurred by PR Firm pursuant to
          Section 7(b) of this Agreement to the date of termination, and Client
          shall pay PR Firm that dollar amount equal to unpaid fees up to the
          termination, pursuant to Section 6 of this Agreement.

9)   PR Firm Status. PR Firm is an independent contractor performing certain
     consulting services for Client and is not an employee, agent,
     representative, officer, or partner of Client. PR Firm has no power or
     authority to act for, represent, or bind Client or any affiliate of Client
     in any manner. PR Firm acknowledges and agrees, and it is the intent of the
     parties hereto, that, under this Agreement, PR Firm receive no Client
     sponsored benefits (except as contemplated in Sections 6 and 7(b)) from
     Client, including, but not limited to, paid vacation, sick leave, medical
     insurance, and 401(k) or other retirement plan participation. Nothing
     contained herein nor any titles held with Client shall be deemed to create
     any relationship between the parties other than that of a principal and
     independent contractor.

10)  Confidentiality; Return of Client Property.

     a)   "Confidential Information" of a party means and includes, but is not
          limited to, all information about that party, including, but not
          limited to, hardware, software, screens, specifications, designs,
          plans, drawings, data, prototypes, discoveries, research,
          developments, methods, processes, procedures, improvements,
          "know-how," trade secrets, compilations, market research, marketing
          techniques and plans, business plans and strategies, customer names
          and other information related to customers, price lists, pricing
          policies and financial information or other business and/or technical
          information and materials, in written, graphic, machine-readable form
          or in any other medium. Notwithstanding anything to the contrary
          contained in this Agreement, Confidential Information shall not
          include any information that: (i) is in the public domain or becomes
          generally known to parties outside of this Agreement on a
          non-confidential basis, through no wrongful act of the party to this
          Agreement having received such information from the disclosing party;
          (ii) is lawfully obtained by either party of this Agreement, as the
          case may be, from a party outside of this Agreement without any

                                       4
<PAGE>

          obligation to maintain the information as proprietary or confidential;
          (iii) was known to either party to this Agreement, as the case may be,
          prior to its disclosure by the other party to this Agreement, without
          any obligation to keep it confidential as evidenced by tangible
          records kept in the ordinary course of business; (iv) is independently
          developed by either party to this Agreement, as the case may be,
          without reference to any Confidential Information disclosed by the
          other party to this Agreement as evidenced by tangible records kept in
          the ordinary course of business; (v) is the subject of a written
          agreement whereby PR Firm or Client, as the case may be, consents to
          the use or disclosure of such Confidential Information by the other
          party to this Agreement; or (vi) is required by applicable law to be
          disclosed by either Client or PR Firm.

     b)   PR Firm agrees that at all times during the Term of this Agreement, PR
          Firm shall preserve as confidential all Confidential Information
          concerning Client, and any actual or potential financial, strategic or
          operational partners that has been disclosed to the PR Firm, and PR
          Firm shall not, without the prior written consent of Client, use for
          PR Firm's own benefit or purposes, or disclose to any other party such
          Confidential Information, except as required by PR Firm's engagement
          with Client, or as required by applicable law. These obligations with
          respect to confidentiality shall continue for a period one year after
          the expiration or termination of this Agreement. The terms of this
          paragraph do not impair the right to disclose such Confidential
          Information by PR Firm in order to defend PR Firm from any claim in
          any court of law once PR Firm gives Client notice of such intended
          use.

     c)   All records, business plans, financial statements, manuals, memoranda,
          documents, correspondence, reports, records, charts, lists and other
          similar data delivered to or compiled by PR Firm or by or on behalf of
          Client or its representatives, which pertain to the Business of Client
          shall be and remain the property of Client and be subject at all times
          to its discretion and control. In the event of the expiration or
          termination of PR Firm's engagement hereunder, all such materials
          pertaining to the Business of Client which has been obtained by PR
          Firm shall be delivered promptly to Client upon written request by
          Client once all Compensation and expenses have been paid in accordance
          with this Agreement; provided, however, that PR Firm may retain copies
          of any such documents and materials which may be reasonably necessary
          to maintain business, accounting, and legal records associated with
          this Agreement subject to the non-disclosure provisions of Section
          10(b).

11)  Notice/Cure. Anything contained in this Agreement to the contrary
     notwithstanding, neither party shall have failed to perform any material
     obligation or duty under this Agreement unless and until:

     (a)  Consideration. In the case of a failure to pay any consideration, such
          failure shall not have been cured within fifteen (15) business days
          after receipt of written notice thereof from the party demanding
          payment.

                                       5
<PAGE>

     (b)  Non-Money. In the case of any other failure to perform any obligation
          or duty under this Agreement, such failure shall not have been cured
          within fifteen (15) business days after receipt of written notice from
          the demanding party describing in reasonable detail the failure.

12)  Indemnification.

     a)   Client shall indemnify and hold PR Firm and its officers, directors,
          employees, agents, PR Firm's affiliates, and representatives harmless
          from and against any and all actions, suits, proceedings, liabilities,
          losses, damages, judgments, fines, amounts paid in settlement, losses,
          costs and expenses, including, but not limited to, reasonable
          attorneys' and experts' fees and court costs, (each, a "Loss"), paid
          or incurred by PR Firm and arising out of or in connection with any
          claim by a third party relating to any untrue statement of a material
          fact, or any omission to state a material fact, based upon information
          furnished by Client to PR Firm in connection with the Services or any
          other work performed for Client by the PR Firm.

     b)   PR Firm shall indemnify and hold Client and its officers, directors,
          employees, agents, consultants, affiliates, and representatives
          harmless from and against any and all Losses, paid or incurred by
          Client and arising out of or in connection with any claim by a third
          party relating to PR Firm's performance of the Services or any other
          work performed for Client by the PR Firm; provided, however, that
          notwithstanding the foregoing, in no event will PR Firm indemnify
          Client for any Losses arising out of or in connection with any untrue
          statement of a material fact, or any omission to state a material
          fact, based upon information furnished by Client to PR Firm in
          connection with the Services or any other work performed for Client by
          the PR Firm.

13)  Representations and Warranties.

     a)   Client represents and warrants to PR Firm that:

          i)   Client is a corporation duly organized, validly existing and in
               good standing under the laws of the State of Colorado. Client is
               not in breach or violation of, and the execution, delivery and
               performance of this Agreement by Client will not result in a
               breach or violation of, any of the provisions of Client's
               articles of incorporation, as amended to the date of this
               Agreement (the "Charter"), by-laws, as amended to the date of
               this Agreement (the "By-laws") or any other contract to which
               Client is a party that is material to its business plans or
               prospects.

          ii)  Client has the full right, corporate power and authority to
               execute and deliver this Agreement and to perform the
               transactions contemplated by this Agreement. The execution and
               delivery of this Agreement by Client and the performance by
               Client of the transactions contemplated hereby have been duly and
               validly authorized by all necessary corporate action. This
               Agreement has been duly executed, acknowledged, and delivered by
               Client and is the legal, valid and binding obligation of Client,
               enforceable against Client in accordance with its terms, except
               to the extent that the enforceability hereof may be limited by
               bankruptcy, insolvency, reorganization, moratorium or other laws
               affecting creditors' rights generally or by general principles of
               equity.

                                       6
<PAGE>

     b)   PR Firm represents and warrants to Client that:

          i)   PR Firm is a corporation duly organized, validly existing and in
               good standing under the laws of the State of Colorado. PR Firm is
               not in breach or violation of, and the execution, delivery and
               performance of this Agreement by PR Firm will not result in a
               breach or violation of, any of the provisions of PR Firm's
               articles of incorporation or organization, as amended to the date
               of this Agreement (the "Charter") or by-laws or operating
               agreement, as amended to the date of this Agreement (the
               "By-laws").

          ii)  PR Firm has the full right, corporate power and authority to
               execute and deliver this Agreement and to perform the
               transactions contemplated by this Agreement. The execution and
               delivery of this Agreement by PR Firm and the performance by PR
               Firm of the transactions contemplated hereby have been duly and
               validly authorized by all necessary corporate and member action.
               This Agreement has been duly executed, acknowledged, and
               delivered by PR Firm and is the legal, valid and binding
               obligation of PR Firm, enforceable against PR Firm in accordance
               with its terms, except to the extent that the enforceability
               hereof may be limited by bankruptcy, insolvency, reorganization,
               moratorium or other laws affecting creditors' rights generally or
               by general principles of equity.

14)  Miscellaneous.

     a)   Amendments. This Agreement may be amended, supplemented or modified
          only in a writing signed by the parties hereto.

     b)   Notices. All notices and other communications provided for or
          permitted hereunder shall be in writing and shall be delivered
          personally, by facsimile or by courier service providing for next day
          service, or sent by registered or certified mail, postage prepaid, and
          return receipt requested, or electronic mail, if confirmed by a
          subsequent written letter to the party at the address noted below:

          If to Client:                      If to PR Firmt:
          -------------                      --------------
          Navidec Financial Services, Inc.   Phoenix Alliance, Inc.
          Attention: John R. McKowen         Attn: Phillip T. Huss
          6399 South Fiddler's Green Circle  22 Cedar Court
          Suite 300                          Durango, Colorado 81301
          Greenwood Village, CO 80111        Telephone: (970) 259-7241
          Telephone: (303) 222-1100          Facsimile: (970) 259-7263
          Facsimile: (303) 222-1001          Email: phoenixalliance@frontier.net
          Email: johnmckowen@navidec.com

                                       7
<PAGE>

     c)   Governing Law; Jurisdiction. This Agreement shall be governed by the
          laws of the State of Colorado without regard to conflicts of laws
          principles, the parties agree to submit to the jurisdiction of the
          courts of the State of Colorado for all purposes, and sole and
          exclusive venue for any dispute or disagreement arising under or
          relating to this agreement shall be in a court sitting in the City and
          County of Denver, Colorado.

     d)   Waiver. Failure or delay on the part of either party hereto to enforce
          any right, power, or privilege hereunder shall not be deemed to
          constitute a waiver thereof Additionally, a waiver by either party or
          a breach of any promise hereof by the other party shall not operate as
          or be construed to constitute a waiver of any subsequent waiver by
          such other party.

     e)   Binding Effect. This Agreement shall be binding upon and inure to the
          benefit of the parties hereto and their respective successors and
          permitted assigns.

     f)   Assignability. Neither party may assign or delegate any or all of its
          rights (other than the right to receive payments) or its duties or
          obligations hereunder without the consent of the other party, which
          consent will not be unreasonably withheld or delayed; provided,
          however, that either party may assign this agreement, without the need
          to obtain consent of the other party, to an affiliate of such party or
          to its successor-in-interest. An assignee will have all of the rights
          and obligations of the assigning party set forth in this Agreement.

     g)   Attorneys' and Experts' Fees; Remedies. In any action, suit or
          proceeding brought to enforce any provision of this Agreement, or
          where any provision of this Agreement is validly asserted as a
          defense, the prevailing party shall be entitled to recover reasonable
          attorneys' and experts' fees and expenses in addition to any other
          available remedy. Other than the right to recover fees in the
          preceding sentence, in any dispute between the parties arising out of
          this Agreement, neither party shall be liable to the other for any
          indirect, special, consequential or incidental damages (including,
          without limitation, lost profits).

     h)   No Third Party Beneficiary. The terms and provisions of this Agreement
          are intended solely for the benefit of each party hereof and their
          respective successors or permitted assigns, and it is not the
          intention of the parties to confer third-party beneficiary rights upon
          any other person or entity.

                                       8
<PAGE>

     i)   Severability. Any term or provision of this Agreement that is invalid
          or unenforceable in any situation in any jurisdiction shall not affect
          the validity or enforceability of the remaining terms and provisions
          hereof or the validity or enforceability of the offending term or
          provision in any other situation or in any other jurisdiction.

     j)   Section Headings, Construction. The headings of Sections in this
          Agreement are provided for convenience only and will not affect its
          construction or interpretation. All words used in this Agreement will
          be construed to be of such gender or number as the circumstances
          require. Unless otherwise expressly provided, the word "including"
          does not limit the preceding words or terms.

     k)   Entire Agreement. This Agreement (including all Exhibits and
          Appendices) constitutes the entire agreement among the Parties and
          supersedes any prior understandings, agreements, or representations by
          or among the Parties, written or oral, to the extent they related in
          any way to the subject matter hereof.

     1)   Currency. All references to currency within this Agreement, unless
          otherwise stated, shall mean United States Dollars.

     m)   Business Day. For the purposes of this Agreement, a business day is
          defined as any calendar day during which the New York Stock Exchange
          is scheduled to be officially open for business for any period of
          time.

     n)   Counterparts. This Agreement may be executed in one or more
          counterparts, by the parties hereto and any successor in interest,
          each of which shall be deemed to be an original and all of which
          together shall be deemed to constitute one and the same agreement and
          the signature of any party to any counterpart shall be deemed a
          signature to, and may be appended to, any other counterpart.

     IN WITNESS WHEREOF, the parties have caused this Agreement to be executed
and delivered by their duly authorized officers or agents as set forth below.

                                            PR FIRM:

                                            PHOENIX ALLIANCE, INC..
                                            a Colorado corporation

Date: July 10, 2004                         By: /s/  Phillip T. Huss
                                            --------------------------------
                                            Name:    Phillip T. Huss
                                            Title:   President

                                            CLIENT:

                                            NAVIDEC FINANCIAL SERVICES, INC
                                            a Colorado corporation

Date: July 10, 2004                         By: /s/  John R. McKowen
                                            --------------------------------
                                            Name:    John R. McKowen
                                            Title:   President and Chief
                                                     Executive Officer

                                        9
<PAGE>

Navidec Financial Service, Inc./Phoenix Alliance, Inc. Agreemen
Exhibit A

                                    Exhibit A
                                    ---------

                              Services Description

     PR Firm will use its best efforts in seeking to achieve the following
     objectives and service provisions:

     A-1) PRIMARY CAMPAIGN OBJECTIVES:
         a)  Provide strategic counsel, policy guidance and program execution
             leading to sound investor relations' performance and consistent,
             credible communications programs.
         b)  increase general market awareness of Client and promote
             understanding and appreciation for the Company's strategic
             direction among the retail, wholesale, institutional and individual
             investing communities.
         c)  Promote enhanced and pervasive education of our retail broker and
             institutional network.
         d)  Promote positive awareness of Client among securities and industry
             analysts. Research and track analysts' perceptions and attitudes
             towards Client and benchmark these measurables against realization
             of program objectives.
         e)  Coordinate all media activity to promote mass awareness of Client
             and material events via traditional and new media outlets - both
             industry-specific as well as general financial.
         e)  Assist management with the development of high-impact strategic
             approaches to the equity and debt markets that will deliver
             enhanced shareholder value and lower Client's cost of capital.

<PAGE>

Navidec Financial Service, Inc./Phoenix Alliance, Inc. Agreement
Exhibit B

                                    Exhibit B
                                    ---------

                                  Compensation

     B-1) Options. Upon execution of this agreement, Client shall issue to PR
Firm options to purchase 500,000 shares of Navidec, Inc.'s common stock at an
exercise price of $2.00 per share exercisable until July 31, 2006_ (the
"Options"). The options are vested upon issuance and may not be cancelled even
upon early termination.

     B-2) Monthly Retainer. Client shall pay PR Firm $120,000 payable in twelve
(12) monthly payments of $10,000.00 during the term of the Agreement (together
referred to as the"Base Retainer", and each "Monthly Base Retainer Payment").
$10,000 is payable upon signing and the remaining payments shall be due and paid
by Client to PR Firm within ten days of the beginning of each of the 2nd through
12th respective monthly periods.

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