Document:

EXHBIT 10.8

                          BUSINESS CONSULTING AGREEMENT

     This CONSULTING  AGREEMENT (the "Agreement") is made and entered into as of
July 22,  2005 by and  between  Navidec  Financial  Services,  Inc.,  a Colorado
corporation  located at 6399 South Fiddler's Green Circle,  Suite 300, Greenwood
Village,  Colorado  80111  ("Client")  and Waterton  Financial,  LLC, a Colorado
limited  liability  company  located  at  6071 N  Silverthorne  Run,  Littleton,
Colorado 80125 ("PR Firm").

                                    RECITALS:
                                    ---------

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

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

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

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

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

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

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

     2. Time and Resources Devoted by PR Firm.

     (a) During the term of this Agreement, PR Firm shall spend such time as may
be  reasonably  required for the  performance  of the Services and PR Firm shall
guarantee the dedication of senior account  executives to the performance of the
Services.
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     (b) Upon reasonable notice by Client,  PR Firm will use reasonable  efforts
to  accommodate  requests  by Client to attend and  arrange  specific  meetings,
conferences, and/or other similar formally scheduled events.

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

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

     4. Acknowledgement of Publicly Trading Status.

     (a) PR Firm and Client  agree and  acknowledge  that once the  registration
statement  is  declared  effective  and the common  stock of Client is  publicly
traded it necessitates  adherence to various regulations and guidelines provided
and enforced by any regulatory  bodies,  including the NASD,  SEC, NASDAQ or any
other  stock  exchange,  market or trading  facility on which its shares will be
listed.  As such, PR Firm and Client each agrees and acknowledges  that it shall
comply at all times with all applicable  federal and state  securities  laws and
adhere to such  regulations  and  guidelines  provided  and enforced by any such
regulatory bodies.

     (b) Except as provided  for within this  Agreement,  PR Firm shall not own,
buy, sell, borrow, lend, transfer, hypothecate, or transact in any way, directly
or  indirectly  the  publicly  traded  stock of Client  during  the Term of this
Agreement and for a period of three months thereafter.

     (c) PR Firm shall not discuss with or reveal  information  concerning  this
Agreement,  Client or the  Services to parties  other than (i)  representatives,
affiliates,  and  advisors of PR Firm;  (ii)  parties to this  Agreement;  (iii)
parties  whom  Client  has  informed  the PR Firm  are  bound  by  nondisclosure
agreements;  (iv) professional service providers such as accountants and counsel
with whom Client has informed  the PR Firm that they have a formal  professional
relationship; and (v) appropriate legal and regulatory persons and/or entities.
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     5.  Authorized  Representatives.  Client shall be duly  represented  by its
President,  CEO, CFO or such other person as mutually  designated  in writing by
both its President and CEO, who are each  individually  authorized to commit and
legally bind Client and to provide suggestions and recommendations to PR Firm as
needed for PR Firm to provide the Services. PR Firm shall be duly represented by
its  President,  or other person  designated  in writing by the  President of PR
Firm, who is authorized to commit and legally bind PR Firm.

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

     7. Additional Expenses

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

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

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

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

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     8. Start Date; Term; Termination.

     (a) The performance of the Services by PR Firm shall start on July 22, 2005
(the "Start Date").

     (b) Term.  Subject to the further provisions of this Section 8, the term of
this Agreement  shall be for the period of twelve months  beginning on the Start
Date and  continuing  until 5:00 PM EST on July 22,  2006 (the  "Term"),  unless
sooner or later  terminated  in accordance  with the further  provisions of this
Section  8. This  Agreement  may be  extended  by the  mutual  agreement  of the
parties,  as  evidenced  by an  amendment  pursuant  to  Section  15(a)  of this
Agreement.

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

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

     10. Confidentiality; Return of Client Property.

     (a)  "Confidential  Information" of a party means and includes,  but is not
limited to, all  information  about that party,  including,  but not limited to,
hardware,  software,  screens,  specifications,  designs, plans, drawings, data,
prototypes, discoveries, research, developments, methods, processes, procedures,
improvements,   "know-how,"  trade  secrets,   compilations,   market  research,
marketing  techniques and plans,  business plans and strategies,  customer names
and other information  related to customers,  price lists,  pricing policies and
financial  information  or  other  business  and/or  technical  information  and
materials, in written, graphic, machine-readable form or in any other medium.

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     Notwithstanding  anything  to the  contrary  contained  in this  Agreement,
Confidential  Information  shall not include any information that: (i) is in the
public domain or becomes generally known to parties outside of this Agreement on
a non-confidential basis, through no wrongful act of the party to this Agreement
having received such  information  from the disclosing  party;  (ii) is lawfully
obtained  by either  party of this  Agreement,  as the case may be, from a party
outside of this Agreement  without any obligation to maintain the information as
proprietary or confidential;  (iii) was known to either party to this Agreement,
as the  case  may  be,  prior  to its  disclosure  by the  other  party  to this
Agreement,  without any  obligation  to keep it  confidential  as  evidenced  by
tangible records kept in the ordinary course of business;  (iv) is independently
developed  by  either  party to this  Agreement,  as the  case  may be,  without
reference to any Confidential  Information  disclosed by the other party to this
Agreement  as  evidenced  by tangible  records  kept in the  ordinary  course of
business;  (v) is the subject of a written  agreement whereby PR Firm or Client,
as the case  may be,  consents  to the use or  disclosure  of such  Confidential
Information  by the  other  party  to this  Agreement;  or (vi) is  required  by
applicable law to be disclosed by either Client or PR Firm.

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

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

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

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

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

     12. Indemnification.

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

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

     13. Representations and Warranties.

     (a) Client represents and warrants to PR Firm that:

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

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

     (b) PR Firm represents and warrants to Client that:

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

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

     14. Registration of Shares Underlying Options.

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

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

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

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

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

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     15. Miscellaneous.

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

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

     If to Client:                               If to PR Firm:
     -------------                               -------------
     Navidec Financial Services, Inc.            Waterton Financial, LLC
     Attention: Robert D. Grizzle                Attn: Jan M. Kennedy
     6399 South Fiddler's Green Circle           6071 N. Silverthorne Run
     Suite 300                                   Littleton, Colorado 80125
     Greenwood Village, CO 80111                 Telephone: (___) ___________
     Telephone: (303) 222-1210                   Facsimile: (___) ____________
     Facsimile: (303) 222-1001                   Email: ____________________
     Email: robertgrizzle@navidec.com
            -------------------------

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

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

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

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

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

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

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

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

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

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

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

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

<PAGE>

Navidec Financial Services, Inc./Waterton Consulting Agreement
Page 11 of 12

counterpart  shall be deemed a signature  to, and may be appended  to, any other
counterpart.  This  Agreement  may be executed by  facsimile  signature  and the
facsimile signature of any party shall constitute an original in all respects.

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

<PAGE>

Navidec Financial Services, Inc./Waterton Consulting Agreement
Page 12 of 12

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

                                   PR FIRM:

                                   WATERTON FINANCIAL, LLC
                                   a Colorado limited liability company

Date: July 22, 2005                By:  /s/ Jan Kennedy
                                      ---------------------------------
                                      Name: Jan M. Kennedy
                                      Title: Managing Member

                                   CLIENT:

                                   NAVIDEC FINANCIAL SERVICES, INC
                                   a Colorado corporation

Date: July 22, 2005                By:  /s/ Robert Grizzle
                                      -----------------------------------
                                       Name: Robert D. Grizzle
                                       Title: President, Chief Operating Officer
                                              and Chief Financial Officer

<PAGE>

Navidec Financial Service, Inc./Waterton Consulting Agreement
Exhibit A

                                    Exhibit A
                                    ---------

                              Services Description

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

     A-1) PRIMARY CAMPAIGN OBJECTIVES:
          ----------------------------

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

<PAGE>

Navidec Financial Service, Inc./Waterton Consulting Agreement
Exhibit B

                                    Exhibit B
                                    ---------

                                  Compensation

Following  the  execution  of this  Agreement,  Client shall issue to PR Firm an
option to purchase  400,000 shares of Client's common stock at an exercise price
of $1.00 per share and  exercisable  until July 22,  2010 (the  "Options").  The
Options will vest as follows:  (A) options to purchase 133,333 shares shall vest
upon the successful completion of the Client's Private Placement in an amount of
not less than $2 million, (B) options to purchase 133,333 shares shall vest upon
the successful conversion of the Client's Class A Warrants issued as part of the
unit in the Private Placement,  and (C) options to purchase 133,334 shares shall
vest upon the successful  conversion of the Client's Class B Warrants  issued as
part of the unit in the Private Placement.EXHBIT 10.9

                          BUSINESS CONSULTING AGREEMENT

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

                                    RECITALS:
                                    ---------

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

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

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

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

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

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

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

2. Time and Resources Devoted by PR Firm.

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

<PAGE>

Navidec Financial Service, Inc./J. Paul Consulting Agreement
Page 2 of 12

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

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

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

4. Acknowledgement of Publicly Trading Status.

     (a) PR Firm and Client  agree and  acknowledge  that once the  registration
statement  is  declared  effective  and the common  stock of Client is  publicly
traded it necessitates  adherence to various regulations and guidelines provided
and enforced by any regulatory  bodies,  including the NASD,  SEC, NASDAQ or any
other  stock  exchange,  market or trading  facility on which its shares will be
listed.  As such, PR Firm and Client each agrees and acknowledges  that it shall
comply at all times with all applicable  federal and state  securities  laws and
adhere to such  regulations  and  guidelines  provided  and enforced by any such
regulatory bodies.

     (b) Except as provided  for within this  Agreement,  PR Firm shall not own,
buy, sell, borrow, lend, transfer, hypothecate, or transact in any way, directly
or  indirectly  the  publicly  traded  stock of Client  during  the Term of this
Agreement and for a period of three months thereafter.

     (c) PR Firm shall not discuss with or reveal  information  concerning  this
Agreement,  Client or the  Services to parties  other than (i)  representatives,
affiliates,  and  advisors of PR Firm;  (ii)  parties to this  Agreement;  (iii)
parties  whom  Client  has  informed  the PR Firm  are  bound  by  nondisclosure
agreements;  (iv) professional service providers such as accountants and counsel
with whom Client has informed  the PR Firm that they have a formal  professional
relationship; and (v) appropriate legal and regulatory persons and/or entities.

<PAGE>

Navidec Financial Service, Inc./J. Paul Consulting Agreement
Page 3 of 12

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

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

7. Additional Expenses

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

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

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

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

<PAGE>

Navidec Financial Service, Inc./J. Paul Consulting Agreement
Page 4 of 12

8. Start Date; Term; Termination.

     (a) The performance of the Services by PR Firm shall start on July 26, 2005
(the "Start Date").

     (b) Term.  Subject to the further provisions of this Section 8, the term of
this Agreement  shall be for the period of twelve months  beginning on the Start
Date and  continuing  until 5:00 PM EST on July 26,  2006 (the  "Term"),  unless
sooner or later  terminated  in accordance  with the further  provisions of this
Section  8. This  Agreement  may be  extended  by the  mutual  agreement  of the
parties,  as  evidenced  by an  amendment  pursuant  to  Section  15(a)  of this
Agreement.

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

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

10. Confidentiality; Return of Client Property.

     (a)  "Confidential  Information" of a party means and includes,  but is not
limited to, all  information  about that party,  including,  but not limited to,
hardware,  software,  screens,  specifications,  designs, plans, drawings, data,
prototypes, discoveries, research, developments, methods, processes, procedures,
improvements,   "know-how,"  trade  secrets,   compilations,   market  research,
marketing  techniques and plans,  business plans and strategies,  customer names
and other information  related to customers,  price lists,  pricing policies and
financial  information  or  other  business  and/or  technical  information  and
materials, in written, graphic, machine-readable form or in any other medium.

<PAGE>

Navidec Financial Service, Inc./J. Paul Consulting Agreement
Page 5 of 12

Notwithstanding   anything  to  the  contrary   contained  in  this   Agreement,
Confidential  Information  shall not include any information that: (i) is in the
public domain or becomes generally known to parties outside of this Agreement on
a non-confidential basis, through no wrongful act of the party to this Agreement
having received such  information  from the disclosing  party;  (ii) is lawfully
obtained  by either  party of this  Agreement,  as the case may be, from a party
outside of this Agreement  without any obligation to maintain the information as
proprietary or confidential;  (iii) was known to either party to this Agreement,
as the  case  may  be,  prior  to its  disclosure  by the  other  party  to this
Agreement,  without any  obligation  to keep it  confidential  as  evidenced  by
tangible records kept in the ordinary course of business;  (iv) is independently
developed  by  either  party to this  Agreement,  as the  case  may be,  without
reference to any Confidential  Information  disclosed by the other party to this
Agreement  as  evidenced  by tangible  records  kept in the  ordinary  course of
business;  (v) is the subject of a written  agreement whereby PR Firm or Client,
as the case  may be,  consents  to the use or  disclosure  of such  Confidential
Information  by the  other  party  to this  Agreement;  or (vi) is  required  by
applicable law to be disclosed by either Client or PR Firm.

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

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

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

<PAGE>

Navidec Financial Service, Inc./J. Paul Consulting Agreement
Page 6 of 12

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

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

12. Indemnification.

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

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

13. Representations and Warranties.

     (a) Client represents and warrants to PR Firm that:

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

<PAGE>

Navidec Financial Service, Inc./J. Paul Consulting Agreement
Page 7 of 12

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

     (b) PR Firm represents and warrants to Client that:

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

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

14. Registration of Shares Underlying Options.

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

<PAGE>

Navidec Financial Service, Inc./J. Paul Consulting Agreement
Page 8 of 12

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

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

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

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

<PAGE>

Navidec Financial Service, Inc./J. Paul Consulting Agreement
Page 9 of 12

15.      Miscellaneous.

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

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

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

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

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

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

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

<PAGE>

Navidec Financial Service, Inc./J. Paul Consulting Agreement
Page 10 of 12

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

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

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

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

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

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

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

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

<PAGE>

Navidec Financial Service, Inc./J. Paul Consulting Agreement
Page 11 of 12

counterpart  shall be deemed a signature  to, and may be appended  to, any other
counterpart.  This  Agreement  may be executed by  facsimile  signature  and the
facsimile signature of any party shall constitute an original in all respects.

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

<PAGE>

Navidec Financial Service, Inc./J. Paul Consulting Agreement
Page 12 of 12

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

                                      PR FIRM:

                                      J. PAUL CONSULTING
                                      a _____________________________

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

                                      CLIENT:

                                      NAVIDEC FINANCIAL SERVICES, INC
                                      a Colorado corporation

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

<PAGE>

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

                                    Exhibit A
                                    ---------

                              Services Description

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

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

<PAGE>

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

                                    Exhibit B
                                    ---------

                                  Compensation

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

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