Document:

Exhibit 10.18

                              ENGAGEMENT AGREEMENT
                              --------------------

     This Engagement and Consulting Agreement (the "Agreement") made and entered
into  effective  the  1st  day of  November,  2002,  by and  between  PocketSpec
Technologies  Inc.,  a  Colorado  Corporation,  hereafter  referred  to as  (the
"Company" or as  "PocketSpec"),  and Cynthia Kettl,  hereinafter  referred to as
(the "Employee").

                                    RECITALS
                                    --------

     WHEREAS,  the Employee is the treasurer and chief  financial  officer and a
director  of the  Company  and the  Company  has agreed to  directly  employ the
Employee to better reflect the work level she performs for the Company, in those
capacities as well as the accountant.

     WHEREAS,  the  Company  is a licensee  of  technology,  patents  (filed and
pending),  trademarks  and  service  marks  of  Color-Spec  Technologies,  Inc.,
hereinafter  referred to for  convenience as  ("Color-Spec")  and its agreements
with Color-Spec gives the Company the right to continue  development  agreements
for hardware and software technologies now being developed, and new applications
for the technologies, hereinafter referred to as (the "Current Projects").

     WHEREAS,  the Company is a publicly  traded company which trades on the OTC
Bulletin Board under the symbol "PKSP.

     WHEREAS,  the Company desires to contract and hire the Employee for work in
the areas of her  expertise  that align with the  Company's  plans,  hereinafter
referred to as (the "Employment Tasks and Scope"). The arrangements described in
this Agreement as they pertain to the  contracting or hiring of the Employee are
hereinafter referred to as (the "Engagement").

     WHEREAS,  the  parties  have  decided  to set down in  writing  the  mutual
understandings in this Agreement.

                                    AGREEMENT

     NOW,  THEREFORE,  for the mutual covenants and agreements set forth herein,
and other good and valuable consideration,  the receipt and sufficiency of which
is hereby acknowledged, the parties agree as follows:

1.   Engagement:  The Company and Employee agree that Employment Tasks and Scope
     to be performed by Employee is specifically defined as follows:

     1.1. Continue as a director of the Company

<PAGE>

     1.2. Continue as the treasurer and chief financial officer of the Company

     1.3. Continue as the accountant for the Company

2.   Term of Engagement: This Agreement shall expire on December 31, 2007, or as
     may be  extended  by simply  memorandum,  amendment  or other  confirmation
     documentation between PocketSpec and Employee.

3.   Compensation:

     3.1  The  Company  has  agreed  to pay to  Employee  a  monthly  salary  of
          $5,000.00  until such time the  Company  has  revenues  of $60,000 per
          month for two consecutive  months.  At that time the Employee's salary
          will be increased to $6,500 per month,  or as otherwise  agreed by the
          Company and Employee.

     3.2. The Company may pay future amounts  agreed to by the Company,  payable
          in  cash,   restricted  common  stock,  or  other  assets,   based  on
          performance of the Employee and the success of the Company.

4.   Expenses:  The Employee will be reimbursed  reasonable expenses incurred in
     relationship to the Engagement.

5.   Additional Provisions:

     5.1. NONDISCLOSURE.

          5.1.1. Recognition of Company's Rights;  Nondisclosure.  At during the
               Engagement  and  thereafter,  Employee  will  hold  in  strictest
               confidence  and will not disclose,  use,  lecture upon or publish
               any of the Company's  Proprietary  Information  (defined  below),
               except as such disclosure,  use or publication may be required in
               connection  with the work of Employee for the Company,  or unless
               an officer of the Company  expressly  authorizes such in writing.
               Employee will obtain Company's written approval before publishing
               or submitting for publication any material  (written,  verbal, or
               otherwise)  that  relates  to  Employee  work at  Company  and/or
               incorporates any Proprietary Information.  Employee hereby assign
               to the  Company any rights  Employee  may have or acquire in such
               Proprietary   Information  and  recognize  that  all  Proprietary
               Information  shall be the sole  property  of the  Company and its
               assigns.

<PAGE>

     5.2  Proprietary Information. The term "Proprietary Information" shall mean
          any  and  all  confidential  and/or  proprietary  knowledge,  data  or
          information of the Company. By way of illustration but not limitation,
          "Proprietary Information" includes (a) trade secrets, inventions, mask
          works,  ideas,  processes,  formulas,  source and object codes,  data,
          programs,   other  works  of   authorship,   know-how,   improvements,
          discoveries,   developments,   designs  and  techniques   (hereinafter
          collectively  referred to as "Inventions");  (b) information regarding
          plans for research, development, new products, marketing, and selling,
          business  plans,   budgets  and  unpublished   financial   statements,
          licenses,   prices  and  costs,  suppliers  and  customers;   and  (c)
          information  regarding the skills and  compensation of other employees
          of the Company.  Notwithstanding the foregoing, it is understood that,
          at all  such  times,  Employee  is free to use  information  which  is
          generally  known in the trade or  industry,  which is not  gained as a
          result of a breach of this  Agreement,  and her own skill,  knowledge,
          know-how  and  experience  to  whatever  extent and in  whichever  way
          Employee wish.

     5.3. Non-Solicitation.  Employee  shall not during the term of  Engagement,
          and for a period of one year thereafter,  directly or indirectly,  use
          any Proprietary Information to:

          5.3.1. solicit,  induce, entice, or attempt to entice, any employee of
               the Company to terminate her or her engagement with the Company;

          5.3.2. solicit,  induce, entice, or attempt to entice, any customer of
               the  Company to  terminate  its  business  relationship  with the
               Company,  including those that have been the Company's  customers
               within the one year preceding its termination;

          5.3.3.  directly  or  indirectly  solicit or provide  services  to any
               customer  of the  Company  including  those  who  have  been  the
               Company's   customers   within   the  one  year   preceding   its
               termination.

     5.4. Third Party Information.  Employee understands,  in addition, that the
          Company has received and in the future will receive from third parties
          confidential or proprietary  information  ("Third Party  Information")
          subject   to  a  duty  on  the   Company's   part  to   maintain   the
          confidentiality  of such  information  and to use it only for  certain
          limited purposes.  During the term of their Engagement and thereafter,
          Employee will hold Third Party Information in the strictest confidence
          and will not disclose to anyone (other than Company personnel who need
          to know such  information in connection with her work for the Company)
          or use,  except in  connection  with her work for the  Company,  Third
          Party  Information  unless  expressly  authorized by an officer of the
          Company in writing.

<PAGE>

     5.5. No Improper Use of Information of Prior  Employers and Others.  During
          the  Engagement  of  Employee  by  the  Company,   Employee  will  not
          improperly  use or  disclose  any  confidential  information  or trade
          secrets,  if any, of any former  employer or any other  person to whom
          Employee have an obligation of confidentiality,  and Employee will not
          bring onto the  premises of the Company any  unpublished  documents or
          any property  belonging to any former  employer or any other person to
          whom Employee have an obligation of  confidentiality  unless consented
          to in writing by that former employer or person.  Employee will use in
          the  performance  of her duties only  information  which is  generally
          known and used by persons with training and  experience  comparable to
          that of  Employee,  which  is  common  knowledge  in the  industry  or
          otherwise legally in the public domain, or which is otherwise provided
          or developed by the Company.

     5.6. Assignment of Inventions.

          5.6.1. Proprietary  Rights.  The term "Proprietary  Rights" shall mean
               all  trade  secret,  patent,   copyright,  mask  work  and  other
               intellectual property rights throughout the world.

          5.6.2. Assignment of Inventions. Employee hereby assigns and agrees to
               assign in the future  (when any such  Inventions  or  Proprietary
               Rights are first reduced to practice or first fixed in a tangible
               medium,  as applicable) to the Company  rights,  if any, that the
               Company  believes  may  belong  to  the  Employee,   together  or
               separately,  as this may  apply to  technology  and  intellectual
               property  acquisition  ideas  submitted  to  the  Company  -  the
               "Submissions".  In the  circumstances  that the  counsel  for the
               Company  believes the Employee have  authorship  rights to any of
               the Submissions, the Employee,  individually,  shall assign, upon
               request by the Company, if the form requested and when requested,
               all their individual and/or collective right,  title and interest
               in and to any and all Inventions (and all Proprietary Rights with
               respect thereto)  whether or not patentable or registrable  under
               copyright  or similar  statutes,  made or conceived or reduced to
               practice or learned by them, either alone or jointly with others,
               during  the  period  of  their   engagement   with  the  Company.
               Inventions  assigned  to the  Company,  or to a  third  party  as
               directed  by  the  Company   pursuant  to  this  provision,   are
               hereinafter referred to as "Company Inventions."

<PAGE>

          5.6.3. Government  or Third Party.  Employee also agrees to assign all
               their  right,  title  and  interest  in  and  to  any  particular
               Invention  to a third party,  including  without  limitation  the
               United  States,  as  directed  by the  Company.  Works  for Hire:
               Employee acknowledges that all original works of authorship which
               are made by her (solely or jointly with others)  within the scope
               of Engagement by Employee and which are  protectable by copyright
               are "works made for hire,"  pursuant to United  States  Copyright
               Act (17 U.S.C. Section 101).

          5.6.4.  Enforcement of  Proprietary  Rights.  Employee will assist the
               Company  in every  proper  way to  obtain,  and from time to time
               enforce, United States and foreign Proprietary Rights relating to
               Company Inventions in any and all countries. To that end Employee
               will execute,  verify and deliver such documents and perform such
               other acts (including  appearances as a witness - with reasonable
               fees and costs paid by the Company) as the Company may reasonably
               request  for  use  in  applying   for,   obtaining,   perfecting,
               evidencing,  sustaining and enforcing such Proprietary Rights and
               the  assignment  thereof.  In addition,  Employee  will  execute,
               verify and deliver  assignments of such Proprietary Rights to the
               Company  or its  designee.  Employee  obligation  to  assist  the
               Company  with  respect to  Proprietary  Rights  relating  to such
               Company Inventions in any and all countries shall continue beyond
               the  termination  of Employee  engagement,  but the Company shall
               compensate   Employee  at  a  reasonable   rate  after   Employee
               termination  for the  time  actually  spent  by  Employee  at the
               Company's request on such assistance.

6.   No CONFLICTING OBLIGATION.  Employee represents that her performance of all
     the terms of this  Agreement  does not and will not breach any agreement to
     keep in  confidence  information  acquired by Employee in  confidence or in
     trust prior to the Engagement by the Company.

7.   RETURN OF COMPANY  DOCUMENTS.  When the work by  Employee is  concluded  or
     terminated,  Employee  will  deliver to the Company  any and all  drawings,
     notes,  memoranda,   specifications,   devices,  formulas,  and  documents,
     together  with all copies  thereof,  and any other  material  containing or
     disclosing any Company  Inventions,  Third Party Information or Proprietary
     Information of the Company.

8.   TERMINATION.  This  Agreement may be terminated by the Company in the event
     of the sale of the Company,  or for any other reason effective December 31,
     2007 or thereafter. Any obligation to pay salary by Color-Spec Technologies
     Inc. is deemed void and of no effect.

<PAGE>

9.   PERMISSION TO PUBLISH. The Company is a publicly traded company and as such
     there may be the  necessity or desire on the part of the Company to publish
     the  works of  Employee,  as may from time to time be:  a)  contracted,  b)
     agreed to be contracted or completed,  c) reports on review and analysis of
     the Company's products, etc. provided by Employee. The Employee understands
     and agrees to this and understands that the  publications  may include,  by
     way of  example:  SEC  Filings,  PR  Newswire,  the  Company's  web  sites,
     dissemination through PR firms.

10.  NO PARTNERSHIP RELATIONSHIP.  Nothing in this Agreement,  either express or
     implied  may be  interpreted  to create a  partnership  or common  interest
     between the Company and the  Employee,  but rather the  relationship  is an
     Employer/ Employee relationship.

11.  NOTICES.  Any notices required or permitted hereunder shall be given to the
     appropriate  party at the address  specified below or at such other address
     as the party shall  specify in writing.  Such notice  shall be deemed given
     upon  personal  delivery to the  appropriate  address or if sent by Federal
     Express,  certified  mail,  or  facsimile  seven (7) days after the date of
     mailing.

12.  GENERAL PROVISIONS.

          12.1.1.  Severability.  In case  any  one or  more  of the  provisions
               contained in this Agreement shall, for any reason,  be held to be
               invalid,   illegal  or   unenforceable   in  any  respect,   such
               invalidity,  illegality or unenforceability  shall not affect the
               other  provisions of this Agreement,  and this Agreement shall be
               construed as if such invalid,  illegal or unenforceable provision
               had never been contained herein. If, moreover, any one or more of
               the provisions  contained in this Agreement  shall for any reason
               be held to be  excessively  broad  as to  duration,  geographical
               scope, activity or subject, it shall be construed by limiting and
               reducing  it, so as to be  enforceable  to the extent  compatible
               with the applicable law.

          12.1.2.  Successors  and Assigns.  This Agreement will be binding upon
               the successors, heirs, executors,  administrators and other legal
               representatives or the respective parties herein.

          12.1.3. Survival.  The provisions of this Agreement  shall survive the
               termination of Engagement and the assignment of this Agreement by
               the Company to any successor in interest or other assignee.

          12.1.4.  Engagement.  Employee agrees and understands  that nothing in
               this   Agreement   shall   confer  any  right  with   respect  to
               continuation of engagement by the Company, nor shall it interfere
               in any  way  with  Employee  right  or  the  Company's  right  to
               terminate  Engagement  of Employee  at any time,  with or without
               cause.

<PAGE>

          12.1.5.  Waiver.  No  waiver  by the  Company  of any  breach  of this
               Agreement  shall  be a  waiver  of any  preceding  or  succeeding
               breach.  No  waiver  by the  Company  of  any  right  under  this
               Agreement shall be construed as a waiver of any other right.  The
               Company  shall not be required  to give notice to enforce  strict
               adherence to all terms of this Agreement.

          12.1.6. Entire Agreement.  The obligations  pursuant to this Agreement
               shall  apply to any time during  which  Employee  was  previously
               engaged,  or is in  the  future  engaged,  by  the  Company  as a
               Employee or independent  contractor if no other agreement governs
               nondisclosure  and  assignment of inventions  during such period.
               This Agreement is the final,  complete and exclusive agreement of
               the  parties  with  respect  to the  subject  matter  hereof  and
               supersedes and merges all prior discussions  between the parties.
               No modification of or amendment to this Agreement, nor any waiver
               of any rights under this Agreement,  will be effective  unless in
               writing  and signed by the party to be  charged.  Any  subsequent
               change or changes in duties or  compensation  will not affect the
               validity or scope of this Agreement.

          12.1.7. Benefit of Counsel.  Each party to this Agreement have had the
               benefit of legal  counsel and  representation  prior to executing
               this Agreement.

     THE PARTIES HAVE READ THIS AGREEMENT CAREFULLY AND UNDERSTAND ITS TERMS.

The Employee:

/s/ Cynthia Kettl
------------------------------------
Cynthia Kettl

The Company:
PocketSpec Technologies Inc.

By: /s/ F. Jeffrey Krupka
    ------------------------------------
    F. Jeffrey Krupka, CEO and PresidentEXHIBIT 10.1

                               PURCHASE AGREEMENT

                                 BY AND BETWEEN

                       Sedco, Inc. and Capco Energy, Inc.

                                 April 30, 2003

                               PURCHASE AGREEMENT

THIS  PURCHASE  AGREEMENT,  is made as of April 30, 2003,  between  Sedco,  Inc.
("Purchaser") and Capco Energy, Inc. ("Seller").

WHEREAS, Seller owns 100% of the total capital of Meteor Enterprises,  Inc. (the
"Asset");

        WHEREAS, Purchaser desires to acquire and Seller desires to sell all of
its interest in the Asset in exchange for the consideration and upon the terms
described herein (the "Purchase"); and

        WHEREAS, Purchaser and Seller desire to make certain representations,
warranties, covenants and agreements in connection with the Purchase;

        NOW THEREFORE, in consideration of the mutual promises, covenants,
provisions and representations contained herein, the parties hereto agree as
follows:

                                   ARTICLE I

                                  THE PURCHASE

     1.1 Sale and Delivery of Asset. Subject to all the terms and conditions of
this Agreement, Seller shall sell, transfer, convey, assign and deliver to
Purchaser at the Closing (as defined in paragraph 1.3 hereof) and Purchaser
shall purchase, acquire and accept from the Seller the Asset.

     1.2 Effective Date and Closing. The effective date (the "Effective Date")
of this transaction shall be January 1, 2003. Closing of this transaction shall
be April 30, 2003.

     1.3 Purchase Price. Subject to all of the terms and conditions set forth in
the Agreement and in reliance on the representations, warranties and covenants
hereinafter set forth, Purchaser shall deliver to Seller $2,500,000 and
4,000,000 shares of Network Fueling Corp. ("NFC") (hereinafter referred to as
the "Purchase Price"), at closing, as follows:

          a) $300,000 previously loaned to Seller by Purchaser will be applied
to purchase price as a non-refundable portion of the purchase price.

<PAGE>

          b) A $1,200,000 promissory note, ("Note 1") bearing interest at the
annual rate of 7%. The note will be due on April 30, 2004. Interest payments
will be due on the first day of each month until paid, beginning June 1, 2003.

          c) A $1,000,000 promissory note, ("Note 2") bearing interest at the
annual rate of 7%. The note will be due on October 31,2003. Interest payments
will be due on the first day of each month until paid, beginning June 1, 2003.

          d) As additional security to Note 1 and Note 2 Purchaser shall deposit
3,000,000 shares of Sellers common stock with the Corporate Secretary of Seller.

          e) 4,000,000 shares of NFC representing 36.3% of the total outstanding
stock of NFC.

          f) Purchaser will obtain releases of all guarantees and co borrowings
of Seller related to the Asset within 90 days.

                                   ARTICLE II

                           REPRESENTATIONS OF SELLER

As an inducement to Purchaser to enter into this Agreement, Seller represents
and warrants to Purchaser as of the Closing the following:

     2.1 Organization. The Seller is duly organized, validly existing, and in
good standing under the laws of the jurisdiction of Colorado, has all necessary
powers to own properties and to carry on its business as now owned and operated
by it.

     2.2 Authority. The execution of this Agreement and the consummation of the
transactions contemplated herein have been authorized by the Seller and Seller
has the full power and authority to execute, deliver and perform this Agreement
and this Agreement is a legal, valid and binding obligation of the Seller, and
is enforceable in accordance with its terms and conditions, except as
enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance,
moratorium or other laws generally effecting the rights of creditors and general
principles of equity.

     2.3 Ability to Carry Out Obligations. The execution and delivery of this
Agreement by Seller and the performance by Seller of its obligations hereunder
will not cause, constitute, or conflict with or result in (a) any breach or
violation of any of the provisions of or constitute a default under any license,
indenture, mortgage, charter, instrument, certificate of incorporation, bylaw,
or other agreement or instrument to which Seller is a party, or by which it may
be bound, nor will any consents or authorizations of any party other than those
hereto be required, (b) an event that would permit any party to any agreement or
instrument to terminate it or to accelerate the maturity of any indebtedness or
other obligation of Seller, or (c) an event that would result in the creation or
imposition of any lien, charge, or encumbrance on any asset of Seller.

<PAGE>

                                  ARTICLE III

                  REPRESENTATIONS AND WARRANTIES OF PURCHASER

As an inducement to Seller to enter into this Agreement, the Purchaser
represents and warrants to the Seller as of the date hereof and as of the
Closing the following:

     3.1 Organization. Purchaser is duly organized, validly existing, and in
good standing, has all necessary powers to own assets and to carry on its
business as now owned and operated by it, and is duly qualified to do business
and is in good standing in each of the states where its business requires
qualification

     3.2 Authority. The Purchaser has authorized the execution of this Agreement
and the transactions contemplated herein, and Purchaser has full power and
authority to execute, deliver and perform this Agreement and this Agreement is
the legal, valid and binding obligation of Purchaser, and is enforceable in
accordance with its terms and conditions, except as enforceability may be
limited by bankruptcy, insolvency, fraudulent conveyance, moratorium or other
laws generally effecting the rights of creditors and general principles of
equity.

     3.3 Ability to Carry Out Obligations. The execution and delivery of this
Agreement by Purchaser and the performance by Purchaser of its obligations
hereunder will not cause, constitute, or conflict with or result in (a) any
breach or violation of any of the provisions of or constitute a default under
any license, indenture, mortgage, charter, instrument, certificate of
incorporation, bylaw, or other agreement or instrument to which Purchaser is a
party, or by which it may be bound, nor will any consents or authorizations of
any party other than those hereto be required, (b) an event that would permit
any party to any agreement or instrument to terminate it or to accelerate the
maturity of any indebtedness or other obligation of Purchaser, or (c) an event
that would result in the creation or imposition of any lien, charge, or
encumbrance on any asset of Purchaser.

                                   ARTICLE IV

                                   COVENANTS

     4.1 Release of Obligations. Purchaser shall have released Seller of all
obligations, contingent or otherwise, relating to or in any way connected to or
with the Asset.

     4.2 Indemnification by Purchaser. Purchaser agrees to indemnify, defend and
hold harmless Seller, and the respective officers, representatives, agents,
employees of Seller and successors and assigns of the Seller from and against:

          (1) Any and all losses resulting from any guarantees or co-borrowings
by the Seller of any liabilities of Meteor Enterprises or its subsidiaries, and
any misrepresentation or breach of any representation or warranty or
non-fulfillment of any covenant or agreement on the part of Purchaser under the
terms of this Agreement;

<PAGE>

          (2) Any liability or assessment relating to any losses (including tax
liability or assessment) related to Seller or this Agreement or the transactions
contemplated hereby;

          (3) All actions, suits, proceedings, arbitration's, demands,
assessments, judgments, costs and expenses, including attorney's fees and
disbursements, incident to the foregoing; and

          (4) All claims, demands, losses, costs, expenses, obligations,
liabilities, damages, recoveries and deficiencies, including interest,
penalties, and reasonable attorney fees, that they shall incur or suffer, which
result from or relate to any activities of the subsidiaries of Meteor
Enterprises, Inc. or Purchaser prior to, on or subsequent to the Closing Date or
which result from or relate to any breach of, or failure by Purchaser to perform
any of its representations, warranties, covenants or agreements in this
Agreement or in any schedule, certificate, exhibit or other instrument furnished
or to be furnished by Purchaser under this Agreement.

     4.3 Fairness Opinion Seller shall obtain a Fairness Opinion from an
Investment Banker or third party assessment company before July 31, 2003. In the
event the Fairness Opinion rendered indicates this transaction is not fair then
the transaction shall be rescinded and the Stock shall be returned to Seller and
all consideration, except the $300,000 non-refundable portion, shall be returned
to the Purchaser.

                                   ARTICLE V

                                 MISCELLANEOUS

     5.1 Captions and Headings. The Articles and paragraph/section headings
throughout this Agreement are for convenience and reference only, and shall in
no way be deemed to define, limit or add to the meaning of any provisions of
this Agreement.

     5.2 No Oral Change. This Agreement and any provision hereof, may not be
waived, changed, modified or discharged orally, but it can be changed by an
agreement in writing signed by the party against whom enforcement of any waiver,
change, modification, or discharge is sought.

     5.3 Waiver. Except as otherwise expressly provided herein, no waiver of any
covenant, condition, or provision of this Agreement shall be deemed to have been
made unless expressly in writing and signed by the party against whom such
waiver is charged; and (i) the failure of any party to insist in any one or more
cases upon the performance of any of the provisions, covenants, or conditions of
this Agreement to exercise any option herein contained shall not be construed as
a waiver or relinquishment for the future of any such provisions, covenants, or
conditions, (ii) the acceptance of performance of anything required by this
Agreement to be performed with knowledge of the breach or failure of a covenant,
condition, or provision hereof shall not be deemed a waiver of such breach or
failure, and (iii) no waiver by any party of one breach by another party shall
be construed as a waiver with respect to any other subsequent breach.

<PAGE>

     5.4 Entire Agreement. This Agreement contains the entire Agreement and
understandings between the parties hereto, and supersedes all prior agreements
and understandings with respect to the subject matter hereof.

     5.5 Choice of Law, Jurisdiction and Venue. This Agreement and the rights
and obligations of the parties hereunder shall be governed by and construed in
accordance with the laws of the State of Colorado without regard to conflict of
laws principles. Any action at law or in equity directly or indirectly in
connection with, related to or in any way connected to this Agreement or any
provisions hereof, shall be litigated exclusively in the state or federal courts
located California. The parties hereto irrevocably waive any rights such party
may otherwise have to transfer or change the venue of any litigation brought or
arising in connection with this Agreement.

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

     5.7 Notices. All notices, requests, demands and other communications under
this Agreement shall be in writing and shall be deemed to have been duly given
on the date of receipt if served personally on the party to whom notice is to be
given, by telecopy or telegram, or mailing if mailed to the party to whom notice
is to be given, by first class mail, registered or certified, postage prepaid,
and properly addressed as follows:

     Purchaser:
     Ilyas Chaudhary
     Sedco, Inc.
     1401 Blake Street
     Denver Colorado 80202

     Seller:
     Ilyas Chaudhary
     Capco Energy, Inc.
     1401 Blake Street
     Denver Colorado 80202

     5.8 Binding Effect. This Agreement shall inure to and be binding upon the
heirs, executors, personal representatives, successors and assigns of each of
the parties to this Agreement.

     5.9 Mutual Cooperation. The parties hereto shall cooperate with each other
to achieve the purpose of this Agreement, and shall execute such other and
further documents and take such other and further actions as may be necessary or
convenient to effect the transaction described herein.

<PAGE>

     5.10 Expenses. Except as specifically provided in this Agreement, all
direct costs and expenses including legal, and any other out-of-pocket expense
incurred by Seller, in connection with this transaction, shall be paid by the
Seller. All costs and expenses including legal, accounting, and any other
out-of-pocket expenses incurred by the Purchaser, in connection with this
transaction, shall be paid by the Purchaser.

     5.11 Assignment. This Agreement may not be assigned by operation of law or
otherwise by the Seller or the Purchaser

AGREED TO AND ACCEPTED as of the date first above written.

PURCHASER:

Sedco, Inc.

By: /s/ Ilyas Chaudhary
-----------------------
Title: President

SELLER:

Capco Energy, Inc.

By: /s/ Dennis R. Staal
-----------------------
Title: Director

<PAGE>

                                     Note 1
                                PROMISSORY NOTE
                                 FIXED INTEREST
                                 April 30, 2003

For value received the undersigned SEDCO, INC. (" Maker"), promises to pay Capco
Energy, Inc. (" Holder"), or order, the sum of One Million Two Hundred Thousand
Dollars ($1,200,000.00), together with interest from the date above on the
unpaid principal balance due at the rate of 7.00%. Interest shall accrue on the
principal amount of $1,200,000.00, commencing on April 30, 2003. Interest only
shall be payable Monthly, with the first payment due on June 1, 2003. Interest
shall be calculated on the basis of a 365-day year, and actual days elapsed. On
payment of the Note in full, interest accrued to the date of payment shall be
payable on the date of payment.

This note shall be due April 30, 2004. This note may be prepaid at any time or
from time to time in whole or in part without penalty, premium or permission.
This Note shall be secured with 3,000,000 shares of the common stock of Capco
Energy, Inc.

Should the Maker default in payment of any principal and/or interest, when due,
Maker shall be obligated to pay such costs, fees, expenses, including attorney's
fees, which may be incurred by Holder, or any such Holder hereof, in connection
with any and all enforcement proceedings. In the event of default hereunder,
Holder shall have the right to offset against any obligation payable to Maker
under Maker's any other contracts with Holder, such amounts as are necessary to
extinguish this Note as soon as possible after Maker's default.

By: ________________________________
      SEDCO, INC. (Maker)

<PAGE>

                                     Note 2
                                PROMISSORY NOTE
                                 FIXED INTEREST
                                 April 30, 2003

For value received the undersigned SEDCO, INC. (" Maker"), promises to pay Capco
Energy, Inc. (" Holder"), or order, the sum of One Million Dollars
($1,000,000.00), together with interest from the date above on the unpaid
principal balance due at the rate of 7.00%. Interest shall accrue on the
principal amount of $1,000,000.00, commencing on April 30, 2003. Interest only
shall be payable Monthly, with the first payment due on June 1, 2003. Interest
shall be calculated on the basis of a 365-day year, and actual days elapsed. On
payment of the Note in full, interest accrued to the date of payment shall be
payable on the date of payment.

This note shall be due October 31, 2003. This note may be prepaid at any time or
from time to time in whole or in part without penalty, premium or permission.
This Note shall be secured with 3,000,000 shares of the common stock of Capco
Energy, Inc.

Should the Maker default in payment of any principal and/or interest, when due,
Maker shall be obligated to pay such costs, fees, expenses, including attorney's
fees, which may be incurred by Holder, or any such Holder hereof, in connection
with any and all enforcement proceedings. In the event of default hereunder,
Holder shall have the right to offset against any obligation payable to Maker
under Maker's any other contracts with Holder, such amounts as are necessary to
extinguish this Note as soon as possible after Maker's default.

By: ________________________________
      SEDCO, INC. (Maker)

[/psa sedco re MEI 043003]      Schedule 4.1 Page 2     3/6/01

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