Document:

ADVISORY
SERVICE AGREEMENT

    

    THIS ADVISORY SERVICE AGREEMENT
(the “Agreement”) is made this  1st day of February 2009 by and
between EGPI Firecreek, Inc (the “Company”) and  Joseph M. Vazquez
III,  5324 Pine Tree Drive Miami Beach, FL. 33140, (the
“Advisor”).

     

    WHEREAS, Advisor and Advisor’s
personnel and contacts have experience in advising corporate management,
strategic planning, corporate development and forecasting, marketing,
structuring investor relations programs, contract negotiations and performing
general administrative duties for publicly-held companies and developing state
investment ventures.

     

    NOW THEREFORE, in
consideration of the mutual promises and conditions set forth herein and for
other good and valuable consideration, the receipt and adequacy of which is
hereby acknowledged, the parties agree as follows:

     

    
      	
               
      

            	
              1.

            	
              Engagement.  The
      Company hereby engages Advisor as of the date hereof and continuing until
      the termination as provided herein to provide or assist the Company with
      the following:

            

    

     

    Design
and arrange public and investor relations campaigns and agreements for the
company

    

    Distribute
company news and relevant information to market makers, financial media outlets,
selected internet stock pages/threads and the OTC analyst community

     

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    Create
advertisements for financial periodicals to enhance market awareness
programs

    

    Write,
edit and proof any and all correspondence on behalf of the Company

    

    Distribute
and disseminate all public material’s to potential investors and
shareholders

    

    Present
client to various media and periodical sources, when Appropriate, as well as,
interact with national and regional media outlets including appropriate trade
journals

    

    Create a
Corporate Overview/Due Diligence package for dissemination to potential
investors, shareholders and clients

    

    Create
and develop a broker/lead campaign

    

    Assist in
the development of a public marketing strategy

    

    Write,
edit and proof all press releases as appropriate and in concert with client
milestones, material and newsworthy events

    

    Consult
with the company on general business and financial issue’s

    

    Perform
due diligence presentations to market makers at the company’s
request

    

    If
necessary, negotiate or assist in the negotiation of source, distribution and
marketing agreements with third party sources

    

    Introduce
company to various principles of retail Investment Banking houses located in the
United States.

    

    Network
to European investors through private high risk astute investors, investor clubs
and organizations, feeder threads to various message boards and investor chat
rooms in Canada, England, Germany, Italy and Ireland.

    

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    Advisor
will take responsibility for guaranteeing a 24 hr. turnaround time in response
to any and all information that needs to be communicated via emails and/or
verbal responses to question’s as related to general question’s, corporate
information or press releases. Further Advisor shall give any ongoing consulting
support deemed necessary by client; (collectively the “Services”).

    

    2.    Term.  Unless
sooner terminated in accordance with the termination provisions set forth in
this Agreement, the term of this Agreement shall be for an initial term of (12)
twelve
months commencing on the date hereof (the “Initial Term”), and shall be
automatically renewed for an additional term of (12) twelve months in
perpetuity, unless at least (30) thirty days prior to the end of the Initial
Term either party shall advise the other of its desire to terminate this
Agreement (the “Additional Term”).

     

    3.    Time and
Effort of Advisor Services.  Advisor shall allocate such time
and assign such of Advisor’s personnel as it deems necessary to complete the
Services to be provided under this Agreement.

     

    The Company agrees to provide any and
all information and or documents reasonably requested by Advisor and/or
Advisor’s personnel to assist in the performance of the Services required
hereunder.

     

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    4.    Limitation
of Advisors Liability. In the absence of
willful malfeasance, bad faith,
negligence, or reckless disregard for the obligations and duties hereunder by
Advisor, neither Advisor nor Advisor’s personnel shall be liable to the Company
or any of its subsidiaries, officers, directors or shareholders for any act or
omission in the course of or connected with rendering the Services, including,
but not limited to, losses that may be sustained in any corporate act in any
subsequent business opportunity undertaken by the Company as a result of advice
provided by Advisor or Advisor’s personnel.

     

    5.    Advisory
Services Compensation.  The Company shall pay to Advisor as
compensation for the services under this Agreement during the Initial Term by
way of delivery $7,500 (Seven Thousand Five Hundred Dollars) for a one time
expense for set up cost’s, travel and first month’s retainer and $5,000 (Five
Thousand Dollars) per month, due every 30 days for the remaining eleven months
of the contract. Additionally, upon execution of this Agreement, 340,000
restricted shares, or an amount of restricted shares not to exceed 4.99% of the
Company’s outstanding stock, whichever is greater, shall be issued to the
advisor as well as a Warrrant for the exercise all or part of up to 500,000
shares underlying said Warrant (see Exhibit A attached
hereto).  Shares underlying the Warrant shall be subject to unlimited
piggy back registration rights and upon availability of an exemption or
effectiveness of registration statement convert a portion or all of the shares
underlying the Warrant thereto (such shares being covered by exemption or
effectiveness of registration statement, as then applicable,) into free trading
shares of EGPI Firecreek common stock.

     

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    The
exercise price for shares underlying the Warrant shall be set at $1.00 (One
Dollar) per share. The Warrant and right to exercise the underlying shares
thereto shall be deemed fully earned as of the date of the signing of this
agreement.

     

    6.    Capital
Raise Compensation. The Advisor shall
be compensated a flat rate 10% (Ten Percent) finder’s fee relating to any and
all fundings that take place through any one of the Advisors contacts or any
relating third party contacts that were initiated by the Advisor or his parties.
Advisor may also elect to subcontract the services of other parties in relation
to a capital raise for the company. In this event, the Advisor shall bear any
and all costs and fees associated with the funding and allocate it out to the
third parties from the compensation fees paid to him by the
Company.

     

    7.    Costs and
Expenses.  All third party costs and out-of-pocket expenses
incurred by Advisor in excess of $500.00 shall be reimbursed to Advisor within
thirty (30) days of presentation
of invoice to the Company. Additionally, all expenses shall be pre approved by
the Company in advance to any monies being spent for reimbursement.

    

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    8.    Place of
Services.  The Services to be provided hereinunder shall be
performed in such place as Advisor, in its sole discretion, deems is the best
location for such Services and may include, but not be limited to the Advisor’s
offices, the Company’s offices or  other locations as required for the
particular service to be performed.

     

    9.    Independent
Contractor.  Advisor and Advisor’s personnel will act as
Independent
Contractors in the performance of the Services under this Agreement.
Accordingly, Advisor will be responsible for payment of all federal, state, and
local taxes on compensation paid under this Agreement, including income and
social security taxes, unemployment insurance, and any other taxes due relative
to Advisor’s personnel, and any and all business license fees as may be
required.  This Agreement neither expressly creates nor implies a
relationship of principal and agent, or employer and employee , between Advisor
and Advisor’s personnel and the Company.

     

    Neither Advisor nor Advisor’s personnel
are authorized to enter into any agreements on behalf of the
Company.  The Company expressly retains the right to approve, in its
sole discretion, each opportunity introduced by Advisor, and to make all final
decisions with respect to whether or not to accept or reject any business
opportunity suggested or introduced by Advisor or Advisor’s
personnel.

    

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    10.    Rejected
Asset Opportunity or Business Opportunity.  If, during the
Initial Term of this Agreement or the Additional Term, the Company elects not to
proceed to acquire, participate or invest in any business opportunity identified
and/or selected by Advisor or Advisor’s personnel, notwithstanding the time and
expense the Company may have incurred reviewing such transaction, such business
opportunity shall revert back to and become proprietary to Advisor, and Advisor
shall be entitled to acquire or broker the sale or investment in such rejected
business opportunity for its own account, or submit such assets or business
opportunity elsewhere.  In such event, Advisor shall be entitled to
any and all profits or fees resulting from Advisor’s purchase, referral or
placement of any such rejected business opportunity, or the Company’s subsequent
purchase or financing with such business opportunity in circumvention of
Advisor.

     

    11.           No Agency
Express or Implied.  This Agreement neither expressly creates
nor implies a relationship of principal and agent, or employer and employee,
between Advisor and Advisor’s personnel and the Company.

    

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    12.           Termination.  The
Company and Advisor may terminate this Agreement at any time with mutual consent
and either party name give notice of termination thirty (30) days prior to the
Additional Term.  Failing such mutual consent, without prejudice to
any other remedy to which the terminating party may be entitled, if any, either
party may terminate this Agreement with thirty (30) days written notice under
the following conditions:

     

    
      	
               
      

            	
              (A)

            	
              By
      the Company.

            

    

     

    
      	
               
      

            	
              (1)

            	
              If
      during the Initial Term of this Agreement or the Additional Term, Advisor
      is unable to provide the Services as set forth herein for thirty (30)
      consecutive business days because of illness, or other incapacity of
      Advisor’s personnel; or,

            

    

     

    
      	
               
      

            	
              (2)

            	
              If
      Advisor willfully breaches or neglects the duties required to be performed
      hereunder.

            

    

     

    
      	
               
      

            	
              (B)

            	
              By
      Advisor.

            

    

     

    
      	
               
      

            	
              (1)

            	
              If
      the Company breaches this Agreement or fails to make payments or provide
      information and documents required hereunder;
  or,

            

    

    

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                (2)

              	
                If
      the Company ceases business or sells a controlling interest to a third
      party, or agrees to a consolidation or merger of itself with or into
      another corporation, or enters into such a transaction outside of
      the  scope of this Agreement, or sells substantially all of its
      assets to another
      corporation, entity or individual outside the scope of this Agreement;
      or,

              

      

       

    

    
      	
               
      

            	
              (3)

            	
              If
      the Company subsequent to the execution hereof has a Receiver appointed
      for its business or assets, or otherwise becomes insolvent or unable to
      timely satisfy its obligations in the ordinary course of its business;
      or

            

    

     

    
      	
               
      

            	
              (4)

            	
              If
      the Company subsequent to the execution hereof institutes, makes a general
      assignment for the benefit of creditors, has instituted against it any
      bankruptcy proceeding for reorganization or rearrangement of its financial
      affairs, files a petition in a court of bankruptcy, or is adjudicated a
      bankrupt; or

            

    

    

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              (5)

            	
              If
      any of the disclosures made herein or subsequent hereto by the Company to
      Advisor are determined to be materially false or
    misleading.

            

    

     

    In the
event either party elects to terminate for cause or this Agreement is terminated
prior to the expiration of the Initial Term or if this Agreement is terminated
by mutual written agreement, the Company shall be responsible to pay Advisor for
unreimbursed expenses due hereunder.

     

    13.    Indemnification.  Subject
to the provisions herein, the Company and Advisor agree to indemnify, defend and
hold each other harmless from and against al demands, claims, actions, losses,
damages, liabilities, costs and expenses, including without limitation,
interest, penalties and attorney’s fees and expenses asserted against or imposed
or incurred by either party by reason of or resulting from any action or a
breach of any representation, warranty, covenant, condition, or agreement of the
other party to this Agreement.

     

    14.    Remedies.  Any
and all remedies available hereunder shall be cumulative and nonexclusive and
shall be in addition to any other remedy to which the parties may be
entitled.

    

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    15.   Miscellaneous.

     

    (A)           Subsequent Events.
Advisor and the Company each agree to notify the other party if, subsequent to
the date of this Agreement, either party incurs obligations that could
compromise its efforts and obligations under this Agreement.

     

    (B)           Amendment.  This
Agreement may be amended or modified at any time and in any manner only by an
instrument in writing executed by both parties hereto.

     

    (C)           Further Actions and
Assurances.  At any time and from time to time, each party
agrees, at its or their expense, to take actions and to execute and deliver
documents as may be reasonably necessary to effectuate the purpose of this
Agreement.

     

    (D)           Waiver.  Any
failure of any party to this Agreement to comply with any of its obligations,
agreements, or conditions hereunder may be waived in writing by the party to
whom such compliance is owed.  The failure of any party to this
Agreement to enforce at any time of the provision of this Agreement shall in no
way be construed to be a waiver of any such provision or a waiver of the right
of such party thereafter to enforce each and every such provision.  No
waiver of any breach of or noncompliance with this Agreement shall be held to be
a waiver of any other or subsequent breach or noncompliance.

    

    
      	
               
      

            	
              (E)

            	
              Assignment.  Neither
      this Agreement nor any right created by it shall be assignable by either
      party without the prior written consent of both
  parties.

            

    

     

    
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              (F)

            	
              Notices.  Any
      notice or other communication required or permitted by this Agreement must
      be in writing and shall be deemed to be properly given when delivered in
      person to an officer of the other party, when deposited in the United
      States mail for transmittal be certified or registered mail, postage
      prepaid, or when deposited with a recognized courier service for
      transmittal, or when sent by facsimile transmission and such transmission
      is evidenced by log as satisfactorily transmitted, and in each case
      provided that the communication is
addressed:

            

    

    

    
      
        	
                (1)
      In the case of the Advisor:

              	
                Joseph
      M. Vazquez III

              
	 
      	
                Infinity
      Consulting Group, Inc

              
	 
      	
                5324
      Pine Tree Drive

              
	 
      	
                Miami
      Beach, FL. 33140

              
	 
      	
                Joseph
      M. Vazquez, III, President

              
	 
      	 
      
	
                (2)
      In the case of Company:

              	
                Dennis
      Alexander

              
	 
      	
                EGPI
      Firecreek, Inc.

              
	 
      	
                6564
      Smoke Tree Lane

              
	 
      	
                Scottsdale,
      AZ. 85253

              

      

    

    

    or to
such other person or address designated in writing by the Company or advisor to
receive notice and served on the other party in accordance with this
section.

    

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    (G)           Headings.  The
section and subsection headings in this Agreement are inserted for convenience
only and shall not affect in any way the meaning or interpretation of this
Agreement.

     

    (H)           Governing
Law.  This Agreement was negotiated and its being contracted
for in Florida, and shall be governed by the laws of the State of
Florida.  Both parties expressly agree to venue all matters relating
to this agreement in Miami-Dade County, Florida for any and all actions
commenced relative to this Agreement.

     

    (I)           Binding
Effect.  This Agreement shall be binding upon the parties
hereto and inure to the benefit of the parties, their respective heirs,
administrators, executors, successors, and assigns.

     

    (J)           Entire
Agreement.  This Agreement contains the entire agreement
between the parties hereto and supersedes any and all prior agreements,
arrangements, or understandings between the parties relating to the subject
matter of this Agreement.

     

    (K)           Severability.  If
any party of this Agreement is deemed to be unenforceable the
balance of the Agreement shall remain in full force and effect.

    

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    (L)           Counterparts.   A
facsimile, telecopy, or other reproduction of this Agreement may be executed
simultaneously in two or more counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same
instrument.  The executed copy of this Agreement shall be valid and
binding upon a party when transmitted by facsimile to the other
party.  At the request of any party hereto, all parties agree to
execute an original of this Agreement, as well as, any facsimile, telecopy or
other reproduction hereof.

    

    IN WITNESS WHEREOF, the parties have
executed this Agreement on the date above written.

    

    
      
        
          
            	 
      	 	 
      
	
                    Infinity
      Consulting Group, Inc.

                  	 	
                    EGPI
      Firecreek, Inc.

                  
	
                    Joseph
      M. Vazquez III

                  	 	
                    Dennis
      Alexander

                  
	
                    President

                  	 	
                    Chief
      Executive Officer

                  

          

        

      

    

     

    
      
         

      

      
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    EXHIBIT
A

    TERMS OF
WARRANTS - DATED FEBRUARY 1, 2009

    TO AN
ADVISORY SERVICE AGREEMENT

    BETWEEN
EGPI FIRECREEK, INC. AND JOSEPH M. VAZQUEZ III;

    

    (Attached
on the Following Page(s))

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    EXHIBIT
A

    EGPI
FIRECREEK, INC.

    

         NEITHER
THIS WARRANT NOR THE COMMON STOCK ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR ANY
APPLICABLE STATE SECURITIES LAWS AND MAY NOT BE SOLD, PLEDGED OR TRANSFERRED IN
THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR SUCH SECURITIES UNDER THE
ACT OR UNLESS AN EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE.

    

    
      
        
          
            	
                    Warrant

                  	
                    Date:

                  
	
                    500,000

                  	
                    February
      1, 2009

                  

          

        

      

    

    EGPI
FIRECREEK, INC.

    

    Warrant
Certificate

    

    EGPI
FIRECREEK, INC., ("EGPI"), certifies that, for value received, Joseph M. Vasquez
III, or registered assigns (the "Holder"), is the owner of a Warrant of EGPI
(the "Warrant"). The Warrant entitles the Holder to purchase from EGPI at any
time prior to the Expiration Date (as defined below) up to 500,000 shares of
Common Stock of EGPI. This Warrant is issued pursuant to an Advisory Services
Agreement between Joseph M. Vasquez III and EGPI. The exercise price for the
Warrant shall be $1.00 per share of Common Stock (the "Exercise Price"). The
Warrant Holder has paid $100 for this Warrant.

    

    1.

    Vesting;
Expiration Date; Exercise

    

    1.1

    VESTING.
The Warrant granted hereunder shall be deemed fully vested, i.e., become
exercisable as of the date hereof.

    

    1.2

    EXPIRATION
DATE. The Warrant shall expire three (3) years from date hereof (the "Expiration
Date.") After the Expiration Date, the Warrant shall expire and be of no further
force or effect.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    1.3

    MANNER OF
EXERCISE. The Warrant is exercisable by delivery to EGPI of the following (the
"Exercise Documents"): (a) this Certificate (b) a written notice of election to
exercise the Warrant; and (c) by payment of the Exercise Price in cash, by check
in good funds, or by wire. Within 10 days following receipt of the foregoing,
EGPI shall execute and deliver to the Holder: (a) a certificate or certificates
representing the qggregate number of shares of Common Stock purchased by the
Holder, and (b) if less than all of the shares covered by the Warrant evidenced
by this Certificate is exercised, a new certificate evidencing the Warrant not
so exercised shall be provided to Holder.

    

    2.

    Adjustments
of Exercise Price and Number and Kind of Conversion Shares

    

    2.1

    In the
event that EGPI shall at any time hereafter (a) pay a dividend in Common Stock
or securities convertible into Common Stock; (b) subdivide or split its
outstanding Common Stock; (c) combine its outstanding Common Stock into a
smaller number of shares; (d) spin-off to its shareholders a subsidiary or
operating-business unit; then the number of shares to be issued immediately
after the occurrence of any such event shall be adjusted so that the Holder
thereafter may receive the number of shares of Common Stock or the equivalent
value it would have owned immediately following such action if it had exercised
the Warrant immediately prior to such action and the Exercise Price shall be
adjusted
to reflect such proportionate increases or decreases in the number of
shares.

    

    2.2

    In case
of any reclassification of the outstanding shares of Common Stock (other than a
change covered by Section 2.1 hereof or a change which solely affects the par
value of such shares) or in the case of any merger or consolidation or merger in
which EGPI is not the continuing corporation and which results in any
reclassification or capital reorganization of the outstanding shares), the
Holder shall have the right thereafter (until the Expiration Date) to receive
upon the exercise hereof, for the same aggregate exercise Price payable
hereunder immediately prior to such event, the kind and amount of shares of
stock or other securities or property receivable upon such reclassification,
capital reorganization, merger or consolidation, by a Holder of the number of
shares of Common Stock obtainable upon the exercise of the Warrant immediately
prior to such event; and if any reclassification also results in a change in
shares covered by Section 2.1, then such adjustment shall be made pursuant to
both this Section 2.2 and Section 2.1. The provisions of this Section 2.2 shall
similarly apply to successive reclassifications, capital organizations and
mergers or consolidations, sales or other transfers.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    3.

    TRANSFER.
Subject to compliance with applicable securities laws, the Warrant is
transferable on the books of EGPI maintained for such purpose by EGPI in person,
or by duly authorized attorney, upon surrender of this Certificate properly
endorsed and upon payment of any necessary transfer tax or other governmental
charge imposed upon such transfer. If less than all of the Warrant evidenced by
this Certificate is transferred, EGPI will, upon transfer, execute and deliver
to the Holder a new certificate evidencing the Warrant not so
transferred.

    

    4.

    RESERVATION
OF SHARES. EGPI shall at all times reserve and keep available out of its
authorized but unissued shares of Common Stock, such number of shares of Common
Stock as shall from time to time be issuable upon exercise of the Warrant. If at
any time the number of authorized but unissued shares of Common Stock shall not
be sufficient to permit the exercise of the Warrant, EGPI shall promptly seek
such corporate action as may necessary to increase its authorized but unissued
shares of Common Stock to such number of shares as shall be sufficient for such
purpose.

    

    5.

    CERTIFICATE
AS TO ADJUSTMENTS. In each case of any adjustment in the Exercise Price, or
number or type of shares issuable upon exercise of the Warrant, the Chief
Financial Officer of EGPI shall compute such adjustment in accordance with the
terms of the Warrant and prepare a certificate setting forth such adjustment and
showing in detail the facts upon which such adjustment is based, including a
statement of the adjusted Exercise Price. EGPI shall promptly send (by facsimile
and by either first class mail, postage prepaid or overnight delivery) a copy of
each such certificate to the Holder.

    

    6.

    LOSS OR
MUTILATION. Upon receipt of evidence reasonably satisfactory to EGPI of the
ownership of and the loss, theft, destruction or mutilation of this Certificate,
and of indemnity reasonably satisfactory to it, and (in the case of mutilation)
upon surrender and cancellation of the Warrant, EGPI will execute and deliver in
lieu thereof a new Certificate of like tenor as the lost, stolen, destroyed or
mutilated Certificate.

    

    7.

    Representations
and Warranties of EGPI hereby represents and Warrant to Holder
that:

    

    7.1

    DUE
AUTHORIZATION. All corporate action on the part of EGPI, its officers, directors
and shareholders necessary for (a) the authorization, execution and delivery of,
and the performance of all obligations of EGPI under this Warrant, and (b) the
authorization, issuance, reservation for issuance and delivery of all of the
Common Stock issuable upon exercise of this Warrant, has been duly taken. This
Warrant constitute a valid and binding obligation of EGPI enforceable in
accordance with their terms, subject, as to enforcement of remedies, to
applicable bankruptcy, insolvency, moratorium, reorganization and similar laws
affecting creditors' rights generally and to general equitable
principles.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    7.2

    ORGANIZATION.
EGPI is a corporation duly organized, validly existing and in good standing
under the laws of its incorporation and has all requisite corporate power to
own, lease and operate its property and to carry on its business as now being
conducted and as currently proposed to be conducted.

    

    7.3

    VALID
ISSUANCE OF STOCK. Any shares of Common Stock issued upon exercise of this
Warrant will be duly and validly issued, fully paid, and
non-assessable.

    

    7.4

    GOVERNMENTAL
CONSENTS. All consents, approvals, orders, authorizations or
registrations, qualifications, declarations or filings with any federal or state
governmental authority on the part of EGPI required in connection with the
consummation of the transactions contemplated herein have been
obtained.

    

    8.

    NOTICES
OF RECORD DATE.

    

    In
case:

    

    8.1

    EGPI
shall take a record of the holders of its Common Stock (or other stock or
securities at the time receivable upon the exercise of this Warrant), for the
purpose of entitling them to receive any dividend or other distribution, or any
right to subscribe for or purchase any shares of stock of any class or any other
securities or to receive any other right; or

    

    8.2

    of any
consolidation or merger of EGPI with or into another corporation, any capital
reorganization of EGPI, any reclassification of the capital stock of EGPI, or
any conveyance of all or substantially all of the assets of EGPI to another
corporation in which holders of EGPI's stock are to receive stock, securities or
property of another corporation; or

    

    8.3

    of any
voluntary dissolution, liquidation or winding-up of EGPI; or

    

    8.4

    of any
redemption or conversion of all outstanding Common Stock; then, and in each such
case, EGPI will mail or cause to be mailed to the Holder a notice specifying, as
the case may be, (a) the date on which a record is to be taken for the purpose
of such dividend, distribution or right, or (b) the date on which such
reorganization,  reclassification, consolidation, merger, conveyance,
dissolution, liquidation, winding-up, redemption or conversion is to take place,
and the time, if any is to be fixed, as of which the holders of record of Common
Stock or (such stock or securities as at the time are receivable upon the
exercise of this Warrant), shall be entitled to exchange their shares of Common
Stock (or such other stock or securities), for securities or other property
deliverable upon such reorganization, reclassification, consolidation, merger,
conveyance, dissolution, liquidation or winding-up.  EGPI shall use
all reasonable efforts to ensure such notice shall be delivered at least 15 days
prior to the date therein specified.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    9.

    SEVERABILITY.
If any term, provision, covenant or restriction of the Warrant is held by a
court of competent jurisdiction to be invalid, void or unenforceable, the
remainder of the terms, provisions, covenants and restrictions of the Warrant
shall remain in full force and effect and shall in no way be affected, impaired
or invalidated.

    

    10.

    NOTICES.
All notices, requests, consents and other communications required hereunder
shall be in writing and by first class mail or by registered or certified mail,
postage prepaid, return receipt requested, and (other than in connection with
the exercise of the Warrant) shall be deemed to have been duly made when
received or, if sent registered or certified mail, postage prepaid, return
receipt requested, on the third day following deposit in the mails: if addressed
to the Holder, at the last address of such Holder on the books of EGPI; and if
addressed to EGPI at EGPI FIRECREEK, INC., 6554 Smoke Tree Lane, Scottsdale,
Arizona 85253, Attention: Dennis Alexander or such other address as it may
designate in writing.

    

    11.

    NO RIGHTS
AS SHAREHOLDER. The Holder shall have no rights as a shareholder of EGPI with
respect to the shares issuable upon exercise of the Warrant until the receipt by
EGPI of all of the Exercise Documents. Except as may be provided by Section 2 of
this Certificate, no adjustment shall be made for dividends (ordinary or
extraordinary, whether in cash, securities or other property) or distributions
or other rights for which the record date is prior to the date EGPI receives all
of the Exercise Documents.

    

    
      
        
          
            	
                    EGPI
      FIRECREEK, INC.

                  
	 
      	 
      
	
                    By:

                  	 
      
	 
      	
                    Dennis
      Alexander

                  
	 
      	
                    Its:
      Chairman and CEO

                  

          

        

      

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
"A" -TO THE WARRANT

    

    NOTICE OF
EXERCISE

    

    (To be
signed only upon exercise of the Warrant)

    

    To: EGPI
FIRECREEK, INC.

    

    The
undersigned hereby elects to purchase shares of Common Stock (the "Warrant
Shares") of EGPI FIRECREEK, INC. ("EGPI"), pursuant to the terms of the enclosed
warrant certificate (the "Certificate"). The undersigned tenders herewith
payment of the exercise price pursuant to the terms of the
Certificate.

    

    The
undersigned hereby represents and Warrant to, and agrees with, EGPI as
follows:

    

    1.

    Holder is
acquiring the Warrant Shares for its own account, for investment purposes
only.

    

    2.

    Holder
understands that an investment in the Warrant Shares involves a high degree of
risk, and Holder has the financial ability to bear the economic risk of this
investment in the Warrant Shares, including a complete loss of such investment.
Holder has adequate means for providing for its current financial needs and has
no need for liquidity with respect to this investment.

    

    3.

    Holder
has such knowledge and experience in financial and business matters that it is
capable of evaluating the merits and risks of an investment in the Warrant
Shares and in protecting its own interest in connection with this
transaction.

    

    4.

    Holder
understands that the Warrant Shares have not been registered under the
Securities Act or under any state securities laws. Holder is familiar with the
provisions of the Securities Act and Rule 144 thereunder and understands that
the restrictions on transfer on the Warrant Shares may result in Holder being
required to hold the Warrant Shares for an indefinite period of
time.

    

    5.

    Holder
agrees not to sell, transfer, assign, gift, create a security interest in, or
otherwise dispose of, with or without consideration (collectively, "Transfer")
any of the Warrant Shares except pursuant to an effective registration statement
under the Securities Act or an exemption from registration. As a further
condition to any such Transfer, except in the event that such Transfer is made
pursuant to an effective registration statement under the Securities Act, if in
the reasonable opinion of counsel to EGPI any Transfer of the Warrant Shares by
the contemplated transferee thereof would not be exempt from the registration
and prospectus delivery requirements of the Securities Act, EGPI may require the
contemplated transferee to furnish EGPI with an investment letter setting forth
such information and agreements as may be reasonable requested by EGPI to ensure
compliance by such transferee with the Securities Act.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Each
certificate evidencing the Warrant Shares will bear the following
legend:

    

    "THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933 (THE "ACT") OR ANY APPLICABLE STATE SECURITIES LAWS AND
MAY NOT BE EXERCISED, SOLD, PLEDGED OR TRANSFERRED IN THE ABSENCE OF AN
EFFECTIVE REGISTRATION STATEMENT FOR SUCH SECURITIES UNDER THE ACT OR UNLESS AN
EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE.

    
      

      Number of
Warrant Exercised: ______________________________

      

      Dated:
______________________________

      

      [Name
Please Print] _______________________________________

      

      [Signature]
______________________________________________PROMISSORY
NOTE

    

    
      
        
          	
                  FACE
      AMOUNT

                	
                  $47,564.78

                
	
                  PRICE

                	
                  $47,564.78

                
	
                  INTEREST
      RATE

                	
                  12%
      per annum

                
	
                  NOTE
      NUMBER

                	
                  November
      2008 101

                
	
                  ISSUANCE
      DATE

                	
                  November
      28, 2008

                
	
                  MATURITY
      DATE

                	
                  June
      2, 2009

                

        

      

    

    

    FOR VALUE
RECEIVED, EGPI Firecreek, Inc., a Nevada corporation, and all of its
subsidiaries (the “Company”) (OTC BB: EGPI) hereby promises to pay to the order
of DUTCHESS PRIVATE EQUITIES
FUND, LTD. (collectively, the “Holder”) by the Maturity Date, or earlier,
the Face Amount of Forty-Seven Thousand five hundred sixty-four dollars 78/100
($47,564.78) U.S., (this "Note") in such amounts, at such times and on such
terms and conditions as are specified herein (sometimes hereinafter the Company
and the Holder are referred to collectively as "the Parties").

    

    Article
1             Method
of Payment/Interest

    

    Section
1.1                       Payments
made to the Holder by the Company in satisfaction of this Note (referred to as a
"Payment," or "Payments") shall be made to the Holder in the amount specified in
Section 1.2, below (the “Payment Amount”) until the Face Amount is paid in
full.   The First Payment will be due on January 2, 2009 and each
subsequent Payment will be made on the first business day of each month
("Payment Date" or "Payment Dates") until this Note is paid in
full.   Notwithstanding any provision to the contrary in this
Note, the Company may pay in full to the Holder the Face Amount, or any balance
remaining thereon, in readily available funds at any time and from time to time
without penalty and upon the Maturity Date.

    

    Section
1.2                       The
Company shall pay interest (“Interest”) at the
rate of twelve percent (12%) per annum, compounded daily, on the unpaid Face
Amount of this Note at such times and in such amounts as outlined in this Article
1.  The Company shall make mandatory monthly payments of
interest (the “Interest Payments”),
in an amount equal to the interest accrued on the principal balance of the Note
from the last Interest Payment until such time as the current Interest Payment
is due and payable.

    

    Article
2             Intentionally
Omitted.

    

    Article
3             Unpaid
Amounts

    

    Section
3.1                       In
the event that on the Maturity Date the Company has any remaining amounts unpaid
on this Note (the "Residual Amount"), the Holder can exercise its right to
increase the Face Amount by ten percent (10%) as an initial penalty and
an additional two and one-half percent (2.5%) per month paid, pro rata for
partial periods, compounded daily, as liquidated damages ("Liquidated
Damages").  If a Residual Amount remains, the Company is in Default
and the Holder may elect remedies as set forth in Article 4,
below.  The Parties acknowledge that Liquidated Damages are not
interest and should not constitute a penalty.

    

    
      
        
          
            
              
                	
                        ________

                      	
                        ________

                      	
                        FINAL

                      	
                        EFCR
      Note November 28, 2008

                      
	
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    Article
4             Defaults
and Remedies

    

    Section
4.1                       
Events of Default. An
“Event of Default” occurs if any one of the following occur:

    

    (a)                      The
Company does not make a Payment within three (3) business days of (i) a Payment
Date;  or, (ii) any amounts on the Note exist on the Maturity Date;
or

    (b)                      The
Company, pursuant to or within the meaning of any Bankruptcy Law (as hereinafter
defined):  (i) commences a voluntary case; (ii) consents to the entry
of an order for relief against it in an involuntary case; (iii) consents to the
appointment of a Custodian (as hereinafter defined) of the Company or for its
property; (iv) makes an assignment for the benefit of its creditors; or (v) a
court of competent jurisdiction enters an order or decree under any Bankruptcy
Law that:  (A) is for relief against the Company in an involuntary
case; (B) appoints a Custodian of the Company or for its property; or (C) orders
the liquidation of the Company, and the order or decree remains unstayed and in
effect for sixty (60) calendar days; or

    (c)                      The
Company’s $0.001 par value common stock (the "Common Stock") is suspended or is
no longer listed on any recognized exchange, including an electronic
over-the-counter bulletin board, for in excess of ten (10) consecutive trading
days; or

    (d)                      Any
of the Company’s representations or warranties contained in this Agreement were
false when made; or,

    (e)                      The
Company breaches this Agreement, and such breach, if and only if such breach is
subject to cure, continues for a period of ten (10) business days.

    

    As used
in this Section 4.1, the term “Bankruptcy Law” means Title 11 of the United
States Code or any similar federal or state law for the relief of
debtors.  The term “Custodian” means any receiver, trustee, assignee,
liquidator or similar official under any Bankruptcy Law.

    

    Section
4.2                        Remedies.
For each
and every Event of Default, as outlined in this Agreement, the Holder can
exercise its right to increase the Face Amount of the Note by ten percent (10%)
as an initial penalty.  In addition, the Holder may elect to increase
the Face Amount of the Note by two and one-half percent (2.5%) as Liquidated
Damages, compounded daily.  The Parties acknowledge that Liquidated
Damages are not interest under the terms of this Agreement, and shall not
constitute a penalty.

    

    In the event of a Default hereunder,
the Holder, at its sole election, shall have the right, but not the obligation,
to either:

    

    
      
        
          	
                  ________

                	
                  ________

                	
                  FINAL

                	
                  EFCR
      Note November 28, 2008

                
	
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    a) Switch the Residual Amount to a
three-year (“Convertible Maturity Date”), eighteen percent (18%) interest
bearing convertible debenture at the terms described hereinafter (the
"Convertible Debenture"). In the Event of Default, the Convertible Debenture
shall be considered closed (“Convertible Closing Date”), as of the date of the
Event of Default.  If the Holder chooses to convert the Residual
Amount to a Convertible Debenture, the Company shall have twenty (20) business
days after notice of default from the Holder (the "Notice of Convertible
Debenture") to file a registration statement covering an amount of shares equal
to three hundred percent (300%) of the Residual Amount. The Company shall use
all commercially reasonable best efforts to have such registration statement
declared effective under the Securities Act of 1933, as amended (the “Securities
Act”), by the Securities and Exchange Commission (the “Commission”) within sixty
(60) business days of the Convertible Closing Date.   In the
event the Company does not file such registration statement within twenty (20)
business days of the Holder's request, or such registration statement is not
declared by the Commission to be effective under the Securities Act within the
time period described above, or such time as mutually agreed to, in writing, by
the Company and Holder, for an extension beyond such time period described
above, the Residual Amount shall increase by one thousand dollars ($1000.00) per
day.  In the event the Company is given the option for accelerated
effectiveness of the registration statement, the Company will cause such
registration statement to be declared effective as soon as reasonably
practicable and will not take any action to delay the registration to become
effective.  In the event that the Company is given the option for
accelerated effectiveness of the registration statement, but chooses not to
cause such registration statement to be declared effective on such accelerated
basis, the Residual Amount shall increase by one thousand dollars ($1000.00) per
day commencing on the earliest date as of which such registration statement
would have been declared to be effective if subject to accelerated
effectiveness; or

    

    Section
4.3      Acceleration.  If an Event of
Default occurs, the Holder by notice to the Company may declare the remaining
principal amount of this Debenture, together with all accrued interest and any
liquidated damages, to be immediately due and payable in full.

    

    

    Section
4.4                      
Conversion Privilege

    

    (a)            The Holder shall have
the right to convert the Convertible Debenture into shares of Common Stock at
any time following the Convertible Closing Date and before the close of business
on the Convertible Maturity Date.  The number of shares of Common
Stock issuable upon the conversion of the Convertible Debenture shall be
determined pursuant to Section 4.4, but the number of shares issuable shall be
rounded up to the nearest whole share.

    

    (b)            The Holder may
convert the Convertible Debenture in whole or in part, at any time and from time
to time.

    

    (c)            In the event all or
any portion of the Convertible Debenture remains outstanding on the Convertible
Maturity Date (the "Debenture Residual Amount"), the unconverted portion of such
Convertible Debenture will automatically be converted into shares of Common
Stock on such date in the manner set forth in Section 4.4.

    

    
      
        
          	
                  ________

                	
                  ________

                	
                  FINAL

                	
                  EFCR
      Note November 28, 2008

                
	
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    Section
4.5                       
Conversion Procedure.

    

    (a)                     
The Holder may elect to convert the Residual Amount in whole or in part any time
and from time to time following the Convertible Closing Date.  Such
conversion shall be effectuated by providing the Company, or its attorney, with
that portion of the Convertible Debenture to be converted together with a
facsimile or electronic mail of the signed notice of conversion (the "Notice of
Conversion").   The date on which the Notice of Conversion is
effective (“Conversion Date”) shall be deemed to be the date on which the Holder
has delivered to the Company a facsimile or electronically mailed the Notice of
Conversion.  The Holder can elect to either reissue the Convertible
Debenture, or continually convert the existing Debenture.  Any Notice
of Conversion faxed or electronically mailed by the Holder to the Company on a
particular day shall be deemed to have been received no later than the previous
business day (receipt being via a confirmation of the time such facsimile or
electronic mail to the Company is received).

    

    (b)                     
Common Stock to be Issued.
Upon the conversion of any Convertible Debentures by the Holder, the
Company shall instruct its transfer agent to issue stock certificates without
restrictive legends or stop transfer instructions, if, at that time, the
aforementioned registration statement described in Section 4.2 has been declared
effective (or with proper restrictive legends if the registration statement has
not as yet been declared effective), in specified denominations representing the
number of shares of Common Stock issuable upon such
conversion.   In the event that the Debenture is deemed saleable
under Rule 144 of the Securities Exchange Act of 1933, the Company shall, upon a
Notice of Conversion, instruct the transfer agent to issue free trading
certificates without restrictive legends, subject to other applicable securities
laws.  The Company is responsible to for all costs associated with the
issuance of the shares, including but not limited to the opinion letter, FedEx
of the certificates and any other costs that arise. The Company shall act as
registrar of the Shares of Common Stock to be issued and shall maintain an
appropriate ledger containing the necessary information with respect to each
Convertible Debenture. The Company warrants that no instructions have been given
or will be given to the transfer agent which limit, or otherwise prevent resale
and that the Common Stock shall otherwise be freely resold, except as may be set
forth herein or subject to applicable law.

    

    (c)                      Conversion
Rate.  The Holder is entitled to convert the Debenture Residual
Amount, plus accrued interest and penalties, anytime following the Convertible
Closing Date, at the lesser of either (i) seventy five percent (75%) of the
lowest closing bid price during the fifteen (15) trading days immediately
preceding the Notice of Conversion, or (ii) 100% of the lowest bid price for the
twenty (20) trading days immediately preceding the Convertible Closing Date
(“Fixed Conversion Price”).   No fractional shares or scrip
representing fractions of shares will be issued on conversion, but the number of
shares issuable shall be rounded up to the nearest whole share.

    

    (d)                      Nothing
contained in the Convertible Debenture shall be deemed to establish or require
the Company to pay interest to the Holder at a rate in excess of the maximum
rate permitted by applicable law.  In the event that the rate of
interest required to be paid exceeds the maximum rate permitted by governing
law, the rate of interest required to be paid thereunder shall be automatically
reduced to the maximum rate permitted under the governing law and such excess
shall be returned with reasonable promptness by the Holder to the Company. In
the event this Section 4.4(d) applies, the Parties agree that the terms of this
Note shall remain in full force and effect except as is necessary to make the
interest rate comply with applicable law.

    

    
      
        
          	
                  ________

                	
                  ________

                	
                  FINAL

                	
                  EFCR
      Note November 28, 2008

                
	
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    (e)                      It
shall be the Company’s responsibility to take all necessary actions and to bear
all such costs to issue the Common Stock as provided herein, including the
responsibility and cost for delivery of an opinion letter to the transfer agent,
if so required. The Holder shall be treated as a shareholder of record on the
date the Company is required to issue the Common Stock to the Holder. If prior
to the issuance of stock certificates, the Holder designates another person as
the entity in the name of which the stock certificates requesting the
Convertible Debenture are to be issued, the Holder shall provide to the Company
evidence that either no tax shall be due and payable as a result of such
transfer or that the applicable tax has been paid by the Holder or such person.
If the Holder converts any part of the Convertible Debentures, or will be, the
Company shall issue to the Holder a new Convertible Debenture equal to the
unconverted amount, immediately upon request by the Holder.

    

    (f)                      Within
three (3) business days after receipt of the documentation referred to in this
Section, the Company shall deliver a certificate, for the number of shares of
Common Stock issuable upon the conversion.  In the event the Company
does not make delivery of the Common Stock as instructed by Holder within three
(3) business days after the Conversion Date, the Company shall pay to the Holder
an additional one percent (1%) per day in cash of the full dollar value of the
Debenture Residual Amount then remaining after conversion, compounded
daily.

    

    (g)                      The
Company shall at all times reserve (or make alternative written arrangements for
reservation or contribution of shares) and have available all Common Stock
necessary to meet conversion of the Convertible Debentures  by the
Holder of the entire amount of Convertible Debentures then outstanding. If, at
any time, the Holder submits a Notice of Conversion and the Company does not
have sufficient authorized but unissued shares of Common Stock (or alternative
shares of Common Stock as may be contributed by stockholders of the Company)
available to effect, in full, a conversion of the Convertible Debentures (a
“Conversion Default,” the date of such default being referred to herein as the
“Conversion Default Date”), the Company shall issue to the Holder all of the
shares of Common Stock which are available.  Any Convertible
Debentures, or any portion thereof, which cannot be converted due to the
Compnay's lack of sufficient authorized common stock (the “Unconverted
Debentures”), may be deemed null and void upon written notice sent by the Holder
to the Company.  The Company shall provide notice of such Conversion
Default (“Notice of Conversion Default”) to the Holder, by facsimile, within one
(1) business days of such default.

    

    
      
        
          	
                  ________

                	
                  ________

                	
                  FINAL

                	
                  EFCR
      Note November 28, 2008

                
	
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    (h)                      The
Company agrees to pay the Holder payments for a Conversion Default (“Conversion
Default Payments”) in the amount of (N/365) multiplied by .24 multiplied by the
initial issuance price of the outstanding or tendered but not converted
Convertible Debentures held by the Holder where N = the number of days from the
Conversion Default Date to the date (the “Authorization Date”) that the Company
authorizes a sufficient number of shares of Common Stock to effect conversion of
all remaining Convertible Debentures.  The Company shall send notice
(“Authorization Notice”) to the Holder that additional shares of Common Stock
have been authorized, the Authorization Date, and the amount of Holder’s accrued
Conversion Default Payments.  The accrued Conversion Default shall be
paid in cash or shall be convertible into Common Stock at the conversion rate
set forth in the first sentence of this paragraph, upon written notice sent by
the Holder to the Company, which Conversion Default shall be payable as
follows:  (i) in the event the Holder elects to take such payment in
cash, cash payment shall be made to the Holder  within five (5)
business days, or (ii) in the event Holder elects to take such payment in stock,
the Holder may convert at  the conversion rate set forth in the first
sentence of this paragraph until the expiration of the conversion
period.

    

    (i)                       The
Company acknowledges that its failure to maintain a sufficient number of
authorized but unissued shares of Common Stock to effect in full a conversion of
the Convertible Debentures in full will cause the Holder to suffer irreparable
harm, and that the actual damages to the Holder will be difficult to
ascertain.  Accordingly, the parties agree that it is appropriate to
include in this Agreement a provision for liquidated damages.  The
Parties acknowledge and agree that the liquidated damages provision set forth in
this section represents the parties’ good faith effort to quantify such damages
and, as such, agree that the form and amount of such liquidated damages are
reasonable, and under the circumstances, do not constitute a
penalty.  The payment of liquidated damages shall not relieve the
Company from its obligations to deliver the Common Stock pursuant to the terms
of this Convertible Debenture.

    

    (j)                       If,
by the third (3rd) business day after the Conversion Date, any portion of the
shares of the Convertible Debentures have not been delivered to the Holder and
the Holder purchases, in an open market transaction or otherwise, shares of
Common Stock (the "Covering Shares") necessary to make delivery of shares which
would had been delivered if the full amount of the shares to be converted had
been delivered to the Holder, then the Company shall pay to the Holder, in
addition to any other amounts due to Holder pursuant to this Convertible
Debenture, and not in lieu thereof, the Buy-In Adjustment Amount (as defined
below).  The "Buy In Adjustment Amount" is the amount equal to the
excess, if any, of (x) the Holder's total purchase price (including brokerage
commissions, if any) for the Covering Shares minus (y) the net proceeds (after
brokerage commissions, if any) received by the Holder from the sale of the Sold
Shares.  The Company shall pay the Buy-In Adjustment Amount to the
Holder in immediately available funds within five (5) business days of written
demand by the Holder.  By way of illustration and not in limitation of
the foregoing, if the Holder purchases shares of Common Stock having a total
purchase price (including brokerage commissions) of $11,000 to cover a Buy-In
with respect to shares of Common Stock it sold for net proceeds of $10,000, the
Buy-In Adjustment Amount which the Company will be required to pay to the Holder
will be $1,000.

    

    
      
        
          	
                  ________

                	
                  ________

                	
                  FINAL

                	
                  EFCR
      Note November 28, 2008

                
	
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    Article 5    Additional
Financing

    

    Section
5.1                       If,
at any time, while this Note is outstanding, the Company issues or agrees to
issue to any entity or person ("Third Party") for any reason whatsoever, any
common stock or securities convertible into or exercisable for shares of common
stock (or modify any such terms in effect prior to the execution of this Note)
(a "Third Party Financing"), at terms deemed by the Holder to be more favorable
to the Third Party, then the Company grants to the Holder the right, at the
Holder's election, to modify the terms of this Note to match or conform to the
more favorable term or terms of the Third Party Financing.  The rights
of the Holder in this Section 5.3 are in addition to all other rights the Holder
has pursuant to this Note and the Security Agreement between the Holder and the
Company.

    

    Article 6    Notice.

    

    Section
6.1                       Any
notices, consents, waivers or other communications required or permitted to be
given under the terms of this Note must be in writing and will be deemed to have
been delivered (i) upon delivery, when delivered personally; (ii) upon receipt,
when sent by facsimile (provided a confirmation of transmission is mechanically
or electronically generated and kept on file by the sending party); or (iii) one
(1) day after deposit with a nationally recognized overnight delivery service,
so long as it is properly addressed.  The addresses and facsimile
numbers for such communications shall be:

    

    If to the
Company:

    

    Attn:
Dennis Alexander

    EGPI
Firecreek, Inc.

    6564
Smoke Tree Lane

    Scottsdale,
Arizona 85253

    Telephone:
(480) 948-6581

    Fax:
(480) 443-1430

    

    If to the
Holder:

    

    Dutchess
Capital Management, LLC

    Douglas
Leighton

    50
Commonwealth Ave, Suite 2

    Boston,
MA  02116

    (617)
301-4700

    (617)
249-0947

    

    Section
6.2                       The
Parties are required to provide each other with five (5) business days prior
notice to the other party of any change in address, phone number or facsimile
number.

    

    
      
        
          	
                  ________

                	
                  ________

                	
                  FINAL

                	
                  EFCR
      Note November 28, 2008

                
	
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    Article 7    Time

    

    Where this Note authorizes or requires
the payment of money or the performance of a condition or obligation on a
Saturday or Sunday or a holiday on which the United States Stock Markets (“US
Markets”) are closed (“Holiday”), such payment shall be made or condition or
obligation performed on the last business day preceding such Saturday, Sunday or
Holiday.  A “business day” shall mean a day on which the US Markets
are open for a full day or half day of trading.

     

    Article 8    Assignability

    

     This Note and the obligations
hereunder may be assigned to any subsidiaries the Comopany may have including
Firecreek Petroleum, Inc.

    

    Article 9    Rules of
Construction.

    

    In this Note, unless the context
otherwise requires, words in the singular number include the plural, and in the
plural include the singular, and words of the masculine gender include the
feminine and the neuter, and when the tense so indicates, words of the neuter
gender may refer to any gender.  The numbers and titles of sections
contained in the Note are inserted for convenience of reference only, and they
neither form a part of this Note nor are they to be used in the construction or
interpretation hereof.  Wherever, in this Note, a determination of the
Company is required or allowed, such determination shall be made by a majority
of the Board of Directors of the Company and, if it is made in good faith, it
shall be conclusive and binding upon the Company.

    

    Article
10          Governing
Law

    

    The validity, terms, performance and
enforcement of this Note shall be governed and construed by the provisions
hereof and in accordance with the laws of the Commonwealth of Massachusetts
applicable to agreements that are negotiated, executed, delivered and performed
solely in the Commonwealth of Massachusetts.

    

    Article
11          Disputes
Subject to Arbitration

    

    The parties to this Note will submit
all disputes arising under it to arbitration in Boston, Massachusetts before a
single arbitrator of the American Arbitration Association
(“AAA”).  The arbitrator shall be selected by application of the rules
of the AAA, or by mutual agreement of the parties, except that such arbitrator
shall be an attorney admitted to practice law in the Commonwealth of
Massachusetts.  No party to this agreement will challenge the
jurisdiction or venue provisions as provided in this section.  Nothing
in this section shall limit the Holder's right to obtain an injunction for a
breach of this Agreement from a court of law.

    

    
      
        
          	
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    Article
12          Conditions
to Closing

    

    The Company shall have delivered the
Settlement and Release Agreement dated November 28, 2008 before Closing of this
Note.

    

    Article
13          Intentionally
Omitted.

    

    Article
14          Indemnification

    

    In consideration of the Holder's
execution and delivery of this Agreement and the acquisition and funding by the
Holder of this Note and in addition to all of the Company's other obligations
under the documents contemplated hereby, the Company shall defend, protect,
indemnify and hold harmless the Holder and all of its shareholders, officers,
directors, employees, counsel, and direct or indirect investors and any of the
foregoing person's agents or other representatives (including, without
limitation, those retained in connection with the transactions contemplated by
this Agreement) (collectively, the "Indemnities") from and against any and all
actions, causes of action, suits, claims, losses, costs, penalties, fees,
liabilities and damages, and expenses in connection therewith (irrespective of
whether any such Indemnitee is a party to the action for which indemnification
hereunder is sought), and including, without limitation, reasonable attorneys'
fees and disbursements (the “Indemnified Liabilities"), incurred by any
Indemnitee as a result of, or arising out of, or relating to (i) any
misrepresentation or breach of any representation or warranty made by the
Company in the Note, or any other certificate, instrument or document
contemplated hereby or thereby (ii) any breach of any covenant, agreement or
obligation of the Company contained in the Note or any other certificate,
instrument or document contemplated hereby or thereby, except insofar as any
such misrepresentation, breach or any untrue statement, alleged untrue
statement, omission or alleged omission is made in reliance upon and in
conformity with written information furnished to the Company by, or on behalf
of, the Holder or is based on illegal trading of the Common Stock by the Holder.
To the extent that the foregoing undertaking by the Company may be unenforceable
for any reason, the Company shall make the maximum contribution to the payment
and satisfaction of each of the Indemnified Liabilities that is permissible
under applicable law. The indemnity provisions contained herein shall be in
addition to any cause of action or similar rights the Holder may have, and any
liabilities the Holder may be subject to.

    

    Article
15          Waiver

    

    The Holder's delay or failure at any
time or times hereafter to require strict performance by Company of any
obligations, undertakings, agreements or covenants shall not waive, affect, or
diminish any right of the Holder under this Note to demand strict compliance and
performance herewith. Any waiver by the Holder of any Event of Default shall not
waive or affect any other Event of Default, whether such Event of Default is
prior or subsequent thereto and whether of the same or a different type. None of
the undertakings, agreements and covenants of the Company contained in this
Note, and no Event of Default, shall be deemed to have been waived by the
Holder, nor may this Note be amended, changed or modified, unless such waiver,
amendment, change or modification is evidenced by a separate instrument in
writing specifying such waiver, amendment, change or modification and signed by
the Holder.

     

    
      
        	
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    Article
16          Miscellaneous

    

    Section
16.1                     This
Note may be executed in two or more counterparts, all of which taken together
shall constitute one instrument.  Execution and delivery of this Note
by exchange of facsimile copies bearing the facsimile signature of a party shall
constitute a valid and binding execution and delivery of this Note by such
party.  Such facsimile copies shall constitute enforceable original
documents.

    

    Section
16.2                     The
Company warrants that the execution, delivery and performance of this Note by
the Company and the consummation by the Company of the transactions contemplated
hereby and thereby will not (i) result in a violation of the Articles of
Incorporation, any Certificate of Designations, Preferences and Rights of any
outstanding series of preferred stock of the Company or the By-laws or (ii)
conflict with, or constitute a material default (or an event which with notice
or lapse of time or both would become a material default) under, or give to
others any rights of termination, amendment, acceleration or cancellation of,
any material agreement, contract, indenture mortgage, indebtedness or instrument
to which the Company or any of its Subsidiaries is a party, or result in a
violation of any law, rule, regulation, order, judgment or decree, including
United States federal and state securities laws and regulations and the rules
and regulations of the principal securities exchange or trading market on which
the Common Stock is traded or listed (the “Principal Market”), applicable to the
Company or any of its Subsidiaries or by which any property or asset of the
Company or any of its Subsidiaries is bound or affected. Neither the Company nor
its Subsidiaries is in violation of any term of, or in default under, the
Articles of Incorporation, any Certificate of Designations, Preferences and
Rights of any outstanding series of preferred stock of the Company or the
By-laws or their organizational charter or by-laws, respectively, or any
contract, agreement, mortgage, indebtedness, indenture, instrument, judgment,
decree or order or any statute, rule or regulation applicable to the Company or
its Subsidiaries, except for possible conflicts, defaults, terminations,
amendments, accelerations, cancellations and violations that would not
individually or in the aggregate have a Material Adverse Effect as defined
below. The business of the Company and its Subsidiaries is not being conducted,
and shall not be conducted, in violation of any law, statute, ordinance, rule,
order or regulation of any governmental authority or agency, regulatory or
self-regulatory agency, or court, except for possible violations the sanctions
for which either individually or in the aggregate would not have a Material
Adverse Effect.  The Company is not required to obtain any consent,
authorization, permit or order of, or make any filing or registration (except
the filing of a registration statement)  with, any court, governmental
authority or agency, regulatory or self-regulatory agency or other third party
in order for it to execute, deliver or perform any of its obligations under, or
contemplated by, this Note in accordance with the terms hereof or thereof. All
consents, authorizations, permits, orders, filings and registrations which the
Company is required to obtain pursuant to the preceding sentence have been
obtained or effected on or prior to the date hereof and are in full force and
effect as of the date hereof. The Company and its Subsidiaries are unaware of
any facts or circumstances which might give rise to any of the foregoing. The
Company is not, and will not be, in violation of the listing requirements of the
Principal Market as in effect on the date hereof and on each of the Closing
Dates and is not aware of any facts which would lead to delisting of the Common
Stock by the Principal Market.

    

    
      
        
          	
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    Section
16.3                     The
Company and its “Subsidiaries” (which for purposes of this Note means any entity
in which the Company, directly or indirectly, owns capital stock or holds an
equity or similar interest) are corporations duly organized and validly existing
in good standing under the laws of the respective jurisdictions of their
incorporation, and have the requisite corporate power and authorization to own
their properties and to carry on their business as now being conducted. Both the
Company and its Subsidiaries are duly qualified to do business and are in good
standing in every jurisdiction in which their ownership of property or the
nature of the business conducted by them makes such qualification necessary,
except to the extent that the failure to be so qualified or be in good standing
would not have a Material Adverse Effect. As used in this Note, “Material
Adverse Effect” means any material adverse effect on the business, properties,
assets, operations, results of operations, financial condition or prospects of
the Company and its Subsidiaries, if any, taken as a whole, or on the
transactions contemplated hereby or by the agreements and instruments to be
entered into in connection herewith, or on the authority or ability of the
Company to perform its obligations under the Note.

    

    Section
16.4                     Authorization;
Enforcement; Compliance with Other Instruments.  (i) The Company has
the requisite corporate power and authority to enter into and perform its
obligations under this Note, and to issue this Note and Incentive Shares in
accordance with the terms hereof and thereof, (ii) the execution and delivery of
this Note by the Company and the consummation by it of the transactions
contemplated hereby and thereby, including without limitation the reservation
for issuance of shares pursuant to this Note, have been duly and validly
authorized by the Company's Board of Directors and no further consent or
authorization is required by the Company, its Board of Directors, or its
shareholders, (iii) this Note has been duly and validly executed and delivered
by the Company, and (iv) the Note constitutes the valid and binding obligations
of the Company enforceable against the Company in accordance with their terms,
except as such enforceability may be limited by general principles of equity or
applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or
similar laws relating to, or affecting generally, the enforcement of creditors'
rights and remedies.

    

    Section
16.5                     There
are no disagreements of any kind presently existing, or reasonably anticipated
by the Company to arise, between the Company and the accountants, auditors and
lawyers formerly or presently used by the Company, including but not limited to
disputes or conflicts over payment owed to such accountants, auditors or
lawyers.

    

    Section
16.6                      All
representations made by or relating to the Company of a historical nature and
all undertakings described herein shall relate and refer to the Company, its
predecessors, and the Subsidiaries.

    

    
      
        
          	
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    Section
16.7                     The
Company acknowledges that its failure to timely meet any of its obligations
hereunder, including, but without limitation, its obligations to make Payments,
deliver shares and, as necessary, to register and maintain sufficient number of
Shares, will cause the Holder to suffer irreparable harm and that the actual
damage to the Holder will be difficult to ascertain.  Accordingly, the
parties agree that it is appropriate to include in this Note a provision for
liquidated damages.  The parties acknowledge and agree that the
liquidated damages provision set forth in this section represents the parties’
good faith effort to quantify such damages and, as such, agree that the form and
amount of such liquidated damages are reasonable and do not constitute a
penalty.  The payment of liquidated damages shall not relieve the
Company from its obligations to deliver the Common Stock pursuant to the terms
of this Note.

    

    Section
16.8                      In
the event that any rules, regulations, interpretations or comments from the SEC
or other governing body, hinder any operation of this Agreement, the Parties
hereby agree that those specific terms and conditions shall be negotiated on
similar terms within five (5) business days, and shall not alter, diminish or
affect any other rights, duties or covenants in this Note and that all terms and
conditions will remain in full force and effect except as is necessary to make
those specific terms and conditions comply with applicable rule, regulation,
interpretation or Comment.  Failure for the Company to agree to such
new terms, shall constitute and Event of Default herein, as outlined in Article
4, and the Holder may elect to take actions as outlined in the
Note.

    

    Any misrepresentations shall be
considered a breach of contract and an Event of Default under this Agreement and
the Holder may seek to take actions as described under Article 4 of this
Agreement.

    

    IN
WITNESS WHEREOF, the Company has duly executed this Note as of the date first
written above.

    

    
      
        
          
            	
                    EGPI
      FIRECREEK, INC.

                  
	 
      	 
      
	
                    By

                  	 
      
	
                    Name:

                  	
                    Dennis
      R. Alexander

                  
	
                    Title:

                  	
                    Chief
      Executive Officer

                  
	 
      	 
      
	
                    DUTCHESS
      PRIVATE EQUITIES FUND, LTD.

                  
	 
      	 
      
	
                    By:

                  	 
      
	
                    Name:

                  	
                    Douglas
      H. Leighton

                  
	
                    Title:

                  	
                    Director

                  

          

        

      

    

    

    
      
        
          	
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                  EFCR
      Note November 28, 2008

                
	
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