Document:

EXHBIT 10.14

                          BUSINESS CONSULTING AGREEMENT

     This CONSULTING AGREEMENT (the "Agreement") is made and entered into as of
July 26, 2005 by and between Navidec Financial Services, Inc., a Colorado
corporation located at 6399 South Fiddler's Green Circle, Suite 300, Greenwood
Village, Colorado 80111 ("Client") and J. Paul Consulting, a Colorado coproation
located at 6590 E. Lake Place, Centennial, Colorado 80111 ("PR Firm").

                                    RECITALS:
                                    ---------

     WHEREAS, Client is a company that is engaged in, among other things,
identifying and acquiring a controlling interest in development stage companies
to further their growth by providing strategic financial consulting services
(the "Business");

     WHEREAS, Client has filed a registration statement with the U.S. Securities
and Exchange Commission and will be a publicly traded company once the
registration statement is declared effective;

     WHEREAS, Client commenced a private placement of units consisting of one
share of Client's common stock, one Class A Warrant and one Class B Warrant for
$1.00 per unit with a maximum of two million units (the "Private Placement");

     WHEREAS, PR Firm is a 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; and

     WHEREAS, 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 (the "Services"), 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.

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     (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.

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 the cooperation of Client with PR Firm as well as
the available resources of Client. 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 once the registration
statement is declared effective and the common stock of Client is publicly
traded it 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 will be
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, PR Firm shall not 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) PR Firm shall not 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.

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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.

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 Ordinary 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 Client;
               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 Client; and
               vii. Printing and publication costs of Client's annual reports,
                    quarterly reports, and/or other shareholder communication
                    collateral material which is not supplied by the Client.

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8. Start Date; Term; Termination.

     (a) The performance of the Services by PR Firm shall start on July 26, 2005
(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 26, 2006 (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 15(a) of this
Agreement.

     (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.

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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 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 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 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:

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     (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.

     (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, by-laws, as amended to the date of this Agreement, or
               any other contract to which Client is a party that is material to
               its business plans or prospects.

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          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.

     (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 or by-laws or operating agreement, as amended
               to the date of this Agreement.

          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. Registration of Shares Underlying Options.

     (a) The Client shall prepare and, as soon as practicable following the date
the registration statement on Form SB-2 initially filed on June 21, 2005 is
declared effective by the SEC, file with the Securities and Exchange Commission
(the "SEC") a registration statement on Form SB-2 covering the resale of all the
shares underlying the options listed on Exhibit B (the "Registrable
Securities"). In the event that Form SB-2 is unavailable for such a

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registration, the Client shall register the resale of the Registrable Securities
on another appropriate form and undertake to register the Registrable Securities
on Form SB-2 as soon as such form is available, provided that the Client shall
maintain the effectiveness of the Registration Statement then in effect until
such time as a Registration Statement on Form SB-2 covering the Registrable
Securities has been declared effective by the SEC. The Client shall use its
reasonable best efforts to have such registration statement declared effective
by the SEC as soon as practicable.

     (b) All expenses incident to the filing of the registration statement
required by this Section 14, including without limitation all registration and
filing fees, fees and expenses of compliance with securities or blue sky laws,
printing expenses, messenger and delivery expenses, and fees and disbursements
of counsel for Client and all independent certified public accountants,
underwriters (excluding discounts and commissions) and other professionals
retained by Client will be borne by Client. In no event shall Client be
obligated to pay any discounts or commissions with respect to the shares sold by
PR Firm.

     (c) If for any reason the registration statement under Section 14(a) above
is to cover a registration in which securities of Client are sold to an
underwriter for distribution to the public (an "Underwritten Offering"), such
Registrable Securities shall be included in the underwriting on the same terms
and conditions as the securities otherwise being sold through the underwriters.
If in the good faith judgment of the managing underwriter in any Underwritten
Offering, the inclusion of all of the Registrable Securities and any other
common stock of Client requested to be registered in such Underwritten Offering
would have an adverse effect on such offering, then the number of shares of
Registrable Securities and other common stock of Client to be included in the
offering (except for shares to be issued by Client in an offering initiated by
Client) shall be reduced to such smaller number as the managing underwriter
shall in its sole discretion determine. In this event, the reduction in
participation of PR Firm shall occur on a pro rata basis with all other
participating holders of securities to be registered under such registration
statement or other registration statement (as applicable), except to the extent
that certain holders of other securities may have a contractual preference to
participate. In such case, Client and the managing underwriter shall use their
reasonable best efforts to accommodate PR Firm and the holders of other shares
of common stock of Client who possess such registration rights to include of
their securities in the offering. Any shares of Registrable Securities excluded
from an Underwritten Offering as discussed above, shall be withheld from the
market by PR Firm for a period of time, not to exceed 30 days prior to the
effective date and 180 days thereafter, if the managing underwriter reasonably
determines such restriction is necessary in order to effect the underwritten
public offering.

(c) Client shall have the right to terminate or withdraw any registration
initiated by it under this Section 14 prior to the effectiveness of such
registration.

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15.      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 Firm:
      -------------                                --------------
      Navidec Financial Services, Inc.             J. Paul Consulting
      Attention: Robert D. Grizzle                 Attn: Jeff Ploen
      6399 South Fiddler's Green Circle            6590 E. Lake Place
      Suite 300                                    Centennial, Colorado 80111
      Greenwood Village, CO 80111                  Telephone: (303) 570-6093
      Telephone: (303) 222-1210                    Facsimile: (303) __________
      Facsimile: (303) 222-1001                    Email: ____________________
      Email: robertgrizzle@navidec.com
             -------------------------

     (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.

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     (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.

     (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; Facsimile. 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

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counterpart shall be deemed a signature to, and may be appended to, any other
counterpart. This Agreement 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.]

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     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:

                                      J. PAUL CONSULTING
                                      a _____________________________

Date: July 26, 2005                   By: /s/ Jeff Ploen
                                         ---------------------------------
                                      Name:    Jeff Ploen
                                      Title:   President

                                      CLIENT:

                                      NAVIDEC FINANCIAL SERVICES, INC
                                      a Colorado corporation

Date: July 26, 2005                   By: /s/ Robert Grizzle
                                         ---------------------------------
                                      Name:  Robert D. Grizzle
                                      Title: President, Chief Operating Officer
                                      and Chief Financial Officer

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Navidec Financial Service, Inc./J. Paul Consulting Agreement
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 Client'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.

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Navidec Financial Service, Inc./J. Paul Consulting Agreement
Exhibit B

                                    Exhibit B
                                    ---------

                                  Compensation

Following the execution of this Agreement, Client shall issue to PR Firm an
option to purchase 500,000 shares of Client's common stock at an exercise price
of $1.00 per share and exercisable until July 26, 2010 (the "Options"). The
Options will vest as follows: (A) options to purchase 166,666 shares shall vest
upon the successful completion of the Client's Private Placement in an amount of
not less than $2 million, (B) options to purchase 166,667 shares shall vest upon
the successful conversion of the Client's Class A Warrants issued as part of the
unit in the Private Placement, and (C) options to purchase 166,667 shares shall
vest upon the successful conversion of the Client's Class B Warrants issued as
part of the unit in the Private Placement.EXHIBIT 10.15

                                 LOAN AGREEMENT

     THIS LOAN AGREEMENT (this "Agreement"), is executed as of July 6, 2005, by
and among Navidec Financial Services, Inc., a Delaware corporation (the
"Company"), and The Elevation Fund, LLC, a Delaware limited liability company
(the "Lender").

     WHEREAS, the Company desires to partially exercise the Stock Purchase
Warrant of BPZ Energy, Inc. (the "Warrant") that it received pursuant to the
terms of the Business Consulting Agreement;

     WHEREAS, in order to fund the exercise of the Warrant, the Company wishes
to borrow up to $312,000 from the Lender as a short term bridge loan which
includes $12,000 for the origination fee; and

     WHEREAS, the Lender is willing to provide such financing on terms and
conditions as set forth herein.

     NOW, THEREFORE, in consideration of the mutual covenants and agreements set
forth herein, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Company and the Lender,
intending to be legally bound, agree as follows:

                                   ARTICLE 1
                                   DEFINITIONS

     1.1 Defined terms. Certain capitalized terms used in this Agreement shall
have the specific meanings defined below:

     "Business Day" shall mean a day other than a Saturday, Sunday, or other day
on which commercial banks are authorized or required by law to close.

     "Loan Closing Date" shall mean the date upon which the Loan is made to the
Company.

     "Interest Rate" shall mean the highest prime rate of interest per annum
published in the Money Rate Table of the Western Edition of The Wall Street
Journal, as adjusted on a daily basis, plus four percent (4%) per annum,
compounded annually.

                                   ARTICLE 2
                                    THE LOAN

     2.1 Loan. According to the terms and subject to the conditions of this
Agreement, the Lender shall make a single-installment loan to the Company on the
Loan Closing Date in the amount of $312,000 (the "Loan"). The amount of the Loan
includes the $12,000 Origination Fee provided in Section 2.5. The Loan shall be
evidenced by a promissory note in the form attached hereto as Exhibit A
("Note"), duly executed on behalf of the Company and dated as of the Loan
Closing Date.

<PAGE>

     2.2 Interest. The Loan shall bear interest ("Interest") from the date of
payment by the Lender until the Maturity Date at the Interest Rate (calculated
on the basis of the actual number of days elapsed over a year of 360 days).
Interest is payable by the Company on a monthly basis in arrears on the first
Business Day of the month. Notwithstanding anything to the contrary, in no event
shall the Interest Rate be less than the highest prime rate of interest per
annum published in the Money Rate Table of the Western Edition of The Wall
Street Journal, as adjusted on a daily basis, plus four percent (4%) per annum,
nor shall the Interest Rate be adjusted to exceed the maximum amount permitted
by applicable law.

     2.3 Prepayment of the Loan. The Company may from time to time prepay all or
any portion of the Loan without premium or penalty of any type. The Company
shall give the Lender at least three Business Day prior written notice of its
intention to prepay the Loan, specifying the date of payment and the total
amount of the Loan to be paid on such date.

     2.4 Maturity Date. Unless the Loan is earlier accelerated pursuant to the
terms hereof, the Loan and all accrued Interest thereon shall be due and payable
in full on the date that is 90 days following the Loan Closing Date (the
"Maturity Date"); provided however that, the parties may agree to extend the
Maturity Date for an additional 30 days.

     2.5 Fees. The Company shall pay a fee (the "Origination Fee") to the Lender
on the Closing Date in the amount of $12,000. Such amount shall be fully earned
by the Lender when paid, and shall not be refundable to the Company under any
circumstances.

                                   ARTICLE 3
                        CONDITIONS PRECEDENT TO THE LOAN

     3.1 Conditions on the Loan Closing Date. The obligation of the Lender to
make the Loan pursuant to Section 2.1 shall be subject to the satisfaction, on
or before the Loan Closing Date, of the conditions set forth in this Section. If
the conditions set forth in this Section are not met on or prior to the Loan
Closing Date, the Lender shall have no obligation to make the Loan.

         (a) The Company shall have duly executed and delivered to the Lender
the Note representing the Loan.

         (b) The Company shall have duly authorized, executed, and delivered to
the Lender a security agreement in the form attached hereto as Exhibit B (the
"Security Agreement") to secure the repayment of the Loan and granting the
Lender a continuing security interest in the 150,000 shares of common stock of
BPZ Energy, Inc. (the "Shares").

                                   ARTICLE 4
                         REPRESENTATIONS AND WARRANTIES

     4.1 Due Incorporation and Good Standing. The Company is a corporation duly
organized, validly existing and in good standing under the laws of the State of
Colorado, with full and adequate power to carry on and conduct its business as
presently conducted, and is duly licensed or qualified in all foreign
jurisdictions wherein the failure to be so qualified or licensed would
reasonably be expected to have a material adverse effect on the business of the
Company.

                                       2

<PAGE>

     4.2 Due Authorization. The Company has full right, power and authority to
enter into this Agreement, to make the borrowings hereunder and execute and
deliver the Note as provided herein and to perform all of its duties and
obligations under this Agreement and the Note. The execution and delivery of
this Agreement will not, nor will the observance or performance of any of the
matters and things herein or therein set forth, violate or contravene any
provision of law or the Company's bylaws or certificate of incorporation. All
necessary and appropriate corporate action on the part of the Company has been
taken to authorize the execution and delivery of this Agreement.

     4.3 Enforceability. This Agreement has been validly executed and delivered
by the Company and constitutes the legal, valid and binding obligations of the
Company enforceable against it in accordance with its respective terms, subject
to applicable bankruptcy, insolvency, reorganization or similar laws relating to
or affecting the enforcement of creditors' right and to the availability of the
remedy of specific performance.

     4.4 Capitalization. All of the Company's authorized and outstanding equity
securities (including securities convertible into equity securities) are
identified on Schedule A attached hereto. Other than as set forth on Schedule A,
there are no outstanding shares of capital stock or any options, warrants or
other preemptive rights, rights of first refusal or similar rights to purchase
equity securities of the Company.

     4.5 Subsidiaries. Except as set forth on Schedule B, the Company does not
hold a controlling interest in any other entity, and there are no outstanding
shares of capital stock or any options, warrants or other preemptive rights,
rights of first refusal or similar rights to purchase equity securities of any
other entity in which the Company holds a controlling interest.

     4.6 Compliance with Laws. The nature and transaction of the Company's
business and operations and the use of its properties and assets do not, and
during the term of this Agreement shall not, violate or conflict with in any
material respect any applicable law, statute, ordinance, rule, regulation or
order of any kind or nature.

     4.7 Absence of Conflicts. The execution, delivery and performance by the
Company of this Agreement, and the transactions contemplated hereby, do not
constitute a breach or default, or require consents under, any agreement,
permit, contract or other instrument to which the Company is a party, or by
which the Company is bound or to which any of the assets of the Company is
subject, or any judgment, order, writ, decree, authorization, license, rule,
regulation, or statute to which the Company is subject, and, except as set forth
in the Security Agreement, will not result in the creation of any lien upon any
of the assets of the Company.

     4.8 Litigation and Taxes. There is no litigation or governmental proceeding
pending, or to the best knowledge of the Company after due inquiry, threatened,
against the Company. The Company has duly filed all applicable income or other
tax returns and has paid all material income or other taxes when due. There is
no controversy or objection pending, or to the best knowledge of the Company
after due inquiry, threatened in respect of any tax returns of the Company.

                                       3

<PAGE>

     4.9 No Omissions or Misstatements. None of the information included in this
Agreement, other documents or information furnished or to be furnished by the
Company, or any of its representations, contains any untrue statement of a
material fact or is misleading in any material respect or omits to state any
material fact. Copies of all documents referred to in herein have been delivered
or made available to the Lender and constitute true and complete copies thereof
and include all amendments, schedules, appendices, supplements or modifications
thereto or waivers thereunder.

                                    ARTICLE 5
                                    COVENANTS

     5.1 Negative Covenants of the Company. The Company covenants and agrees
that, from the Loan Closing Date until the Maturity Date (and, in any event,
during such time as any portion of the Loan or any Interest thereon is
outstanding), without the consent of the Lender, the Company will not:

         (a) create, incur, assume or suffer to exist any indebtedness that is
in any way senior or superior to this Agreement or the indebtedness represented
hereby;

         (b) engage in any business other than the business conducted by the
Company on the Loan Closing Date;

         (c) engage in any transaction with any Affiliate (as such term is
defined in Rule 501(b) of the Securities Act of 1933, as amended) on terms less
favorable to the Company than could be obtained from an unrelated party; or

         (d) amend its Certificate of Incorporation or Bylaws in any manner that
adversely affects the rights associated with this Agreement, the Common Stock or
the Warrant.

         The Company will give notice to the Lender of any default under any
provisions of this Agreement within three business days after the discovery by
the Company of such default.

     5.2 Affirmative Covenants of the Company. The Company covenants and agrees
that, from the Loan Closing Date until the Maturity Date (and, in any event,
during such time as any portion of the Loan or any Interest thereon is
outstanding), the Company shall:

         (a) operate its business only in the ordinary course and maintain its
properties and assets in good repair, working order and condition;

         (b) cause to be done all things reasonably necessary to maintain,
preserve and renew its corporate existence and all material licenses,
authorizations and permits necessary to the conduct of its businesses; and

         (c) comply with all applicable laws, rules and regulations of all
governmental authorities, the violation of which could reasonably be expected to
have a material adverse effect on its business, properties or prospects.

                                       4

<PAGE>

                                    ARTICLE 6
                                     DEFAULT

     6.1 Events of Default. The occurrence of any of the following events (each
an "Event of Default"), not cured in the applicable cure period, if any, shall
constitute and Event of Default of the Company:

         (a) a breach of any representation, warranty, covenant or other
provision of this Agreement, the Note, or the Security Agreement, which, if
capable of being cured, is not cured within three days following notice thereof
to the Company;

         (b) the failure to make when due any payment described in this
Agreement or the Note, whether on or after the Maturity Date, by acceleration or
otherwise; and

         (c) (i) the application for the appointment of a receiver or custodian
for the Company or the property of the Company, (ii) the entry of an order for
relief or the filing of a petition by or against the Company under the
provisions of any bankruptcy or insolvency law, (iii) any assignment for the
benefit of creditors by or against the Company, or (iv) the Company becomes
insolvent.

     6.2 Effect of Default. Upon the occurrence of any Event of Default that is
not cured within any applicable cure period, the Lender may elect, by written
notice delivered to the Company, to take any or all of the following actions:
(i) declare this Agreement terminated and the outstanding amounts under the Note
to be forthwith due and payable, whereupon the entire unpaid Loan, together with
accrued and unpaid Interest thereon, and all other cash obligations hereunder,
shall become forthwith due and payable, without presentment, demand, protest or
any other notice of any kind, all of which are hereby expressly waived by the
Company, anything contained herein or in any of the Note to the contrary
notwithstanding, and (ii) exercise any and all other remedies provided hereunder
or available at law or in equity upon the occurrence and continuation of an
Event of Default. In addition, during the occurrence of any Event of Default,
the Company shall not pay make any payment on any other outstanding indebtedness
of the Company (other than indebtedness of the Company to which the Lender has
agreed in writing to subordinate this Agreement and the Note hereunder).

                                    ARTICLE 7
                                     WARRANT

     7.1 Issuance of Warrant. The Company will issue to the Lender a Common
Stock Purchase Warrant (the "Warrant") in the form attached hereto as Exhibit C.
The Warrant shall be immediately convertible into 100,000 shares of common stock
of the Company, the exercise price of the Warrant shall be $1.00 per share and
the exercise period shall be five (5) years from the date of the Loan Closing
Date.

     7.2 Registration of Shares Underlying Warrant.

         (a) The Company shall prepare and, as soon as practicable, file with
the Securities and Exchange Commission (the "SEC") a registration statement on
Form SB-2 covering the resale of all the shares underlying the Warrant (the
"Registrable Securities"). In the event that Form SB-2 is unabailable for such

                                       5
<PAGE>

a registration, the Company shall register the resale of the Registrable
Securities on another appropriate form reasonably acceptable to the holders of
at least a majority of the Registrable Securities and undertake to register the
Registrable Securities on Form SB-2 as soon as such form is available, provided
that the Company shall maintain the effectiveness of the Registration Statement
then in effect until such time as a Registration Statement on Form SB-2 covering
the Registrable Securities has been declared effective by the SEC. The Company
shall use its reasonable best efforts to have such registration statement
declared effective by the SEC as soon as practicable.

         (b) All expenses incident to the filing of the registration statement
required by Section 7.1, including without limitation all registration and
filing fees, fees and expenses of compliance with securities or blue sky laws,
printing expenses, messenger and delivery expenses, and fees and disbursements
of counsel for the Company and all independent certified public accountants,
underwriters (excluding discounts and commissions) and other professionals
retained by the Company will be borne by the Company. In no event shall the
Company be obligated to pay any discounts or commissions with respect to the
shares sold by any holder of Registrable Securities. In connection with any
registration statement, the Company shall reimburse the holders of Registrable
Securities covered by such registration for the reasonable fees and
disbursements of one counsel chosen by the holders of a majority of the
Registrable Securities initially requesting such registration.

         (c) In the event of an underwritten registered offering the managing
underwriter(s) advise the Company in writing that in their opinion the number of
Registrable Securities exceeds the number of Registrable Securities which can be
sold therein without adversely affecting the marketability of the offering, the
Company will include in such registration the number of Registrable Securities
requested to be included which in the opinion of such underwriter(s) can be sold
without adversely affecting the marketability of the offering, pro rata among
the respective holders thereof on the basis of the amount of Registrable
Securities owned by each such holder. In the event the number of shares
available under a registration statement filed pursuant to Section 7.1 is
insufficient to cover 100% of the Registrable Securities required to be covered
by such registration statement, the Company shall amend the registration
statement, or file a new registration statement (on the short form available
therefor, if applicable), or both, so as to cover 100% of the number of such
Registrable Securities as soon as practicable. The Company shall use it
reasonable best efforts to cause such amendment or new registration statement to
become effective as soon as practicable following the filing thereof.

                                   ARTICLE 8
                                  MISCELLANEOUS

     8.1 Successors and Assigns. Subject to the exceptions specifically set
forth in this Agreement, the terms and conditions of this Agreement shall inure
to the benefit of and be binding upon the respective executors, administrators,
heirs, successors and assigns of the parties. This Agreement may be assigned
solely by the Lender.

     8.2 Titles and Subtitles. The titles and subtitles of the Sections of this
Agreement are used for convenience only and shall not be considered in
construing or interpreting this agreement.

                                       6

<PAGE>

     8.3 Notices. Any notice, request or other communication required or
permitted hereunder shall be in writing and shall be delivered personally or by
facsimile (receipt confirmed electronically) or shall be sent by a reputable
express delivery service or by certified mail, postage prepaid with return
receipt requested, addressed as follows:

                  if to the Company, to:
                  ---------------------

                  Navidec Financial Services, Inc.
                  6399 S. Fiddler's Green Circle
                  Suite 300
                  Greenwood Village, CO 80111
                  Attn:    Robert D. Grizzle
                  Fax:     (303) 222-1001

                  with a copy to:
                  --------------

                  Ballard Sphar Andrews & Ingersol LLP
                  1225 17th Street
                  Suite 2300
                  Denver CO  80202
                  Attn:    Roger Davidson
                  Fax:     (303) 296-3956

                  if to the Lender, to:
                  --------------------

                  The Elevation Fund, LLC
                  8400 East Prentice Avenue
                  Penthouse, Suite 1500
                  Greenwood Village, CO 80111
                  Attn:    Lance J. Baller
                  Fax:     (303) 265-9382

                  with a copy to:
                  --------------

                  Brownstein Hyatt & Farber, P.C.
                  410 Seventeenth Street, 22nd Floor
                  Denver, CO  80202
                  Attn:  Adam J. Agron
                  Fax No.:  (303) 223-1111

Either party hereto may change the above specified recipient or mailing address
by notice to the other party given in the manner herein prescribed. All notices
shall be deemed given on the day when actually delivered as provided above (if
delivered personally or by facsimile, provided that any such facsimile is
received during regular business hours at the recipient's location) or on the
day shown on the return receipt (if delivered by mail or delivery service).

                                       7

<PAGE>

     8.4 Governing Law. This Agreement shall be governed by and construed in
accordance with the domestic laws of the State of Colorado without giving effect
to any choice of law or conflict of law provision or rule (whether of the State
of Colorado or any other jurisdiction) that would cause the application of the
laws of any jurisdiction other than the State of Colorado.

     8.5 Waiver and Amendment. Any term of this Agreement may be amended, waived
or modified with the written consent of the Company and the Lender.

     8.6 Remedies. No delay or omission by the Lender in exercising any of its
rights, remedies, powers or privileges hereunder or at law or in equity and no
course of dealing between the Lender and the undersigned or any other person
shall be deemed a waiver by the Lender of any such rights, remedies, powers or
privileges, even if such delay or omission is continuous or repeated, nor shall
any single or partial exercise of any right, remedy, power or privilege preclude
any other or further exercise thereof by the Lender or the exercise of any other
right, remedy, power or privilege by the Lender. The rights and remedies of the
Lender described herein shall be cumulative and not restrictive of any other
rights or remedies available under any other instrument, at law or in equity.

     8.7 Expenses. The Company shall pay all costs and expenses incurred by the
Lender in connection with the negotiation and preparation of the documents
contemplated by this Agreement (including reasonable attorneys' fees); provided,
however, that the Company's shall not be required to reimburse the Lender for
any amount in excess of $2,500 in the aggregate and such expenses shall be paid
on the Maturity Date.

     8.8 Counterpart/Facsimile Signatures. This Agreement 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 Agreement shall become binding when one or
more counterparts, individually or taken together, bear the signatures of all
parties. This Agreement may be executed by facsimile signature and the facsimile
signature of any party shall constitute an original in all respects

                                       8

<PAGE>

     IN WITNESS WHEREOF, the Company has caused this Note to be signed in its
name on the date first set forth above.

                                       NAVIDEC FINANCIAL SERVICES, INC.

                                       By:   /s/ Robert Grizzle
                                             -----------------------------------
                                             Robert D. Grizzle
                                             President, Chief Operating Officer
                                             and Chief Financial Officer

                                       THE ELEVATION FUND, LLC

                                       By:   /s/ Lance Baller
                                             -----------------------------------
                                             Lance J. Baller
                                             Fund Manager

                                       9

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