Document:

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EXHIBIT 10.9

THE  SECURITIES  REPRESENTED  BY THESE  WARRANTS AND THE COMMON  STOCK  ISSUABLE
THEREBY HAVE NOT BEEN  REGISTERED  UNDER THE  SECURITIES ACT OF 1933, AS AMENDED
(THE "SECURITIES  ACT"), OR ANY OTHER APPLICABLE  SECURITIES LAW. THE SECURITIES
REPRESENTED  BY THESE  WARRANTS MAY NOT BE  TRANSFERRED,  EXCEPT  PURSUANT TO AN
EFFECTIVE  REGISTRATION  STATEMENT  UNDER,  OR  IN  A  TRANSACTION  EXEMPT  FROM
REGISTRATION  UNDER,  THE  SECURITIES  ACT  AND IN  ACCORDANCE  WITH  ANY  OTHER
APPLICABLE SECURITIES LAWS.

                                FORM OF WARRANTS

                           TO PURCHASE COMMON STOCK OF

                               BPK RESOURCES, INC.
                             (A NEVADA CORPORATION)

                           EXPIRING ON APRIL 30, 2012

Warrant No. 2003-1

         This Common Stock Purchase  Warrant (the "Warrant")  certifies that for
value  received,  Trident Growth Fund,  L.P. (the  "Holder") or its assigns,  is
entitled  to  subscribe  for and  purchase  from  the  Company  (as  hereinafter
defined), in whole or in part, 25,000 shares of duly authorized, validly issued,
fully paid and nonassessable  shares of Common Stock (as hereinafter defined) at
an initial Exercise Price (as hereinafter defined) of $0.55 per share,  subject,
however,  to the  provisions  and upon the terms and  conditions  hereinafter se
forth. The number of Warrants (as hereinafter defined),  the number of shares of
Common stock purchasable hereunder, and the Exercise Price therefore are subject
to adjustment as hereinafter set forth.. These Warrants and all rights hereunder
shall expire on the earlier of (i) 5:00 p.m.,  Houston,  Texas time, April 30,
2008 or (ii) the date all of the Convertible  Notes issued pursuant to a certain
Loan  Agreement  dated  January  16,  2002 are  converted  to Common  Stock (the
"Expiration Date").

                                    ARTICLE I

                                   Definitions

         As used herein,  the following  terms shall have the meanings set forth
below:

         1.1 "Company" shall mean BPK Resources, Inc., a Nevada corporation, and
shall also  include  any  successor  thereto  with  respect  to the  obligations
hereunder, by merger, consolidation or otherwise.

         1.2 "Common  Stock" shall mean and include the Company's  common stock,
$0.001  par value per share,  authorized  on the date of the  original  issue of
these   Warrants  and  shall   include  (i)  in  case  of  any   reorganization,
reclassification,  consolidation,  merger,  share exchange or sale,  transfer or
other disposition of assets, the stock or other securities  provided for herein,
and (ii) any other shares of common stock of the Company to which such shares of
Common Stock may be converted.

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     1.3 "Exercise  Price" shall mean the initial  exercise  price of $0.55,  as
adjusted from time to time pursuant to the provisions hereof..

     1.4 "Market  Price" for any day, when used with  reference to Common Stock,
shall mean the price of said Common  Stock  determined  by reference to the last
reported sale price for the Common Stock on such day on the principal securities
exchange  on which the Common  Stock is listed or  admitted  to trading or if no
such sale take place on such date,  the  average  of the  closing  bid and asked
prices  thereof as  officially  reported,  or, if not so listed or  admitted  to
trading on any securities exchange,  the last sale price for the Common Stock on
the National  Association of Securities  Dealers  national market system on such
date,  or, if there  shall have been no  trading on such date or if the  Commons
tock shall not be listed on such  systems,  the  average of the  closing bid and
asked prices in the over-the-counter market as furnished by any NASD member firm
selected  from time to time by the  Company  for such  purpose or, if the Common
Stock  is not  traded,  then  such  price  as is  reasonably  determined  by the
Company's Board of Directors.

     1.5  "Warrant"  shall mean the right upon  exercise to purchase one Warrant
Share.

     1.6 "Warrant  Shares"  shall mean the shares of Common  Stock  purchased or
purchasable hereof upon exercise of the Warrants.

                                   ARTICLE II

                              Exercise of Warrants

         2.1  Method  of  Exercise.  The  Warrants  represented  hereby  may  be
exercised by the holder  hereof,  in whole or in part, at any time and from time
to time on or after the date hereof until 5:00 p.m., Houston,  Texas time on the
Expiration  Date. To exercise the  Warrants,  the holder hereof shall deliver to
the Company,  at the Warrant Office designated  herein,  (i) a written notice in
the form of the  Subscription  Notice  attached  as an exhibit  hereto,  stating
therein  the  election of such  holder to  exercise  the  Warrants in the manner
provided in the Subscription  Notice; (ii) payment in full of the Exercise Price
(A) in cash or by bank check for all Warrant Shares purchased hereunder,  or (B)
through a "cashless"  or  "net-issue"  exercise of each such Warrant  ("Cashless
Exercise");  the  holder  shall  exchange  each  Warrant  subject  to a Cashless
Exercise for that number of Warrant Shares  determined by multiplying the number
of Warrant Shares issuable hereunder by a fraction, the numerator of which shall
be the  difference  between (x) the Market Price and (y) the  Exercise  Price of
each such Warrant,  and the denominator of which shall be the Market Price;  the
Subscription  Notice  shall set forth the  calculation  upon which the  Cashless

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Exercise is based,  of (C) (a combination of (A) and (B) above;  and (iii) these
Warrants. The Warrants shall be deemed to be exercised on the date of receipt by
the Company of the Subscription  Notice,  accompanied by payment for the Warrant
Shares and surrender of these Warrants, as aforesaid,  and such date is referred
to herein as the "Exercise  Date".  Upon such exercise,  the Company  shall,  as
promptly as practicable  and in any event within five business  days,  issue and
deliver to such holder a certificate or certificates  for the full number of the
Warrant Shares purchased by such holder hereunder, and shall, unless the Warrant
shave  expired,  deliver to the holder  hereof a new  Warrant  representing  the
number of  Warrants,  if any,  that shall not have been  exercised  in all other
respects identical to these Warrants. As permitted by applicable law, the person
in whose name the certificates for Common Stock are to be issued shall be deemed
to have become a holder of record of such Common tock on the  Exercise  Date and
shall be entitled to all of the  benefits of such holder on the  Exercise  Date,
including   without   limitation  the  right  to  receive  dividends  and  other
distributions  for which the record date falls on or after the Exercise Date and
to exercise voting rights.

         2.2  Expenses and Taxes.  The Company  shall pay all expenses and taxes
(including  without  limitation,  all  documentary,  stamp,  transfer  or  other
transactional  taxes) other than income taxes  attributable to the  preparation,
issuance or deliver of the Warrants  and of the shares of Common Stock  issuable
upon exercise of the Warrants.

         2.3  Reservation  of Shares.  The  Company  shall  ensure that there is
reserved  at all times so long as the  Warrants  remain  outstanding,  free from
preemptive  rights,  out of its authorized but unissued  shares of Common Stock,
solely for the purpose of effecting the exercise of the  Warrants,  a sufficient
number of shares of Common Stock to provide for the exercise of the Warrants.

         2.4 Valid Issuance.  All shares of Common Stock that may be issued upon
exercise of the Warrants will, upon issuance by the Company, be duly and validly
issued,  fully paid and nonassessable and free from all taxes, liens and charges
with respect to the issuance  thereof and without limiting the generality of the
foregoing,  the  Company  shall take no action or fail to take any action  which
will cause a contrary result  (including,  without  limitation,  any action that
would  cause the  Exercise  Price to be less than the par value,  if any, of the
Common Stock).

         2.5  Loan  Agreement.  The  Warrants  represented  hereby  were  issued
pursuant to a waiver of certain  requirements  and/or  covenants  contained in a
certain Loan  Agreement  between the Holder and the Company dated April 30, 2002
which was provided by the Holder to the Company. The Holder shall be entitled to
the rights to  registration  under the Securities  Act and any applicable  state
securities or blue sky laws to the extent set forth in the  registration  rights
provision  found in the Loan  Agreement.  The terms of the  registration  rights
provisions  are  herby  incorporated  herein  for  all  purposes  and  shall  be
considered a part of this Warrant as if they had been fully set forth herein.

         2.6  Acknowledgement  of  Rights.  At the time of the  exercise  of the
Warrants in accordance with the terms hereof and upon the written request of the
holder hereof, the Company will acknowledge in writing its continuing obligation
to afford to such holder any rights (including, without limitation, any right to
registration  of the Warrant  Shares) to which such holder shall  continue to be
entitled after such exercise in accordance with the provision of these Warrants'

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provided,  however,  that if the  Holder  hereof  shall  fail to make  any  such
request,  such failure shall not affect the continuing obligation of the Company
to afford to such Holder any such rights.

         2.7 No Fractional  Shares.  The Company shall not be required to issued
fractional  shares of Common  Stock on the exercise of these  Warrants.  If more
than one Warrant  shall be  presented  for exercise at the same time by the same
holder,  the number of full shares of Common Stock which shall be issuable  upon
such exercise  shall be computed on the basis of the  aggregate  number of whole
shares of Common Stock purchasable on exercise of the Warrants so presented.  If
any fraction of a share of Common Stock would, except for the provisions of this
Section,  be issuable on the exercise of this Warrant,  the Company shall pay an
amount in cash  calculated by it to be equal to the Market Price of one share of
Common stock at the time of such exercise  multiplied by such fraction  computed
to the nearest whole cent.

                                   ARTICLE III

                                    Transfer

         3.1 Warrant  Office.  The Company shall  maintain an office for certain
purposes  specified  herein (the  "Warrant  Office"),  which office shall be the
Company's offices to 5858 Westheimer  Street,  Suite 709, Houston,  TX 77057 and
may subsequently be such other office of the Company or of any transfer agent of
the Common Stock in the continental United States as to which written notice has
previously been given to the Holder. The Company shall maintain,  at the Warrant
Office,  a register for the Warrants in which the Company  shall record the name
and address of the Person in whose name these Warrants has been issued,  as well
as the  name  and  address  of each  permitted  assignee  of the  rights  of the
registered owner hereof.

         3.2 Ownership of Warrants. The Company may deem and treat the Person in
whose name the  Warrants  are  registered  as the holder and owner  hereof until
provided  with notice to the  contrary.  The  Warrants  may be  exercised  by an
assignee for the purchase of Warrant Shares without having new Warrants issued.

         3.3  Restrictions  on  Transfer  of  Warrants.  These  Warrants  may be
transferred,  in whole or in part, by the Holder. The Company agrees to maintain
at the Warrant Office books for the  registration  and transfer of the Warrants.
The Company,  from time to time,  shall register the transfer of the Warrants in
such  books  upon  surrender  of this  Warrant at the  Warrant  Office  properly
endorsed or  accompanied  by  appropriate  instruments  of transfer  and written
instructions for transfer. Upon any such transfer and upon payment by the holder
or its transferee of any applicable transfer taxes, new Warrants shall be issued
to the transferee and the transferor (as their respective  interests may appear)
and the  surrendered  Warrants  shall be cancelled  by the Company.  The Company
shall pay all taxes(other  than  securities  transfer taxes or income taxes) and
all other  expenses and charges  payable in connection  with the transfer of the
Warrants pursuant to this Section.

         3.4  Compliance  with  Securities  Laws.  Subject  to the  terms of the
Registration Rights Agreement and notwithstanding any other provisions contained
in these  Warrants,  the  Holder  understands  and  agrees  that  the  following
restrictions  and  limitations  shall be applicable to all Warrant Shares and to
all resales or other transfer thereof pursuant to the Securities Act:
<PAGE>

                  3.4.1 The holder hereof agrees that the Warrant Shares may not
be sold or otherwise  transferred unless the Warrant Shares are registered under
the  Securities  Act and  applicable  state  securities  or blue sky laws or are
exempt therefrom.

                  3.4.2    A legend in  substantially  the following form will
be placed on the  certificate(s)  evidencing the Warrant Shares:

         "THE  SECURITIES   REPRESENTED  BY  THIS   CERTIFICATE  HAVE  NOT  BEEN
         REGISTERED   UNDER  THE   SECURITIES  ACT  OF  1933,  AS  AMENDED  (THE
         "SECURITIES   ACT"),   OR   ANY   OTHER   APPLICALBE   SECURITIES   LAW
         AND,ACCORDINGLY, THE SECURITIES REPRESENTED BY THIS CERTIFICATEM;AY NOT
         BE RESOLD,  PLEDGED,  OR OTHERWISE  TRANSFERRED,  EXCEPT PURSUANT TO AN
         EFFECTIVE REGISTRATION STATEMENT UNDER, OR IN A TRANSACTION EXEMPT FROM
         REGISTRATION  UNDER, THE SECURITIES ACT AND IN ACCORDANCE WITHANY OTHER
         APPLICABLE SECURITIES LAWS."

                                   ARTICLE IV

                                  Anti-Dilution

         4.1 If and whenever  any  Additional  Common Stock (as herein  defined)
shares  shall  be  issued  by  the  company  (the  "Stock  Issue  Date")  for  a
consideration per share less than the Exercise Price, then in each such case the
initial  Exercise  Price shall be reduced to a new  Exercise  Price in an amount
equal to the  consideration per share received by the Company for the additional
shares of Common  Stock then issued and the number of shares  issuable to Holder
upon conversion shall be proportionately  increased;  and, in the case of shares
issued without consideration,  the initial Exercise Price shall be reduced in an
amount and number of shares  issued upon  conversion  shall be  increased  in an
amount so as to maintain for the Holder the right to exercise  into shares equal
in amount to the same percentage  interest in the Common Stock of the Company as
existed for the Holder immediately preceding the Stock Issue Date.

         4.2 Sale of Shares:  In case of the issuance of Additional Common Stock
for a  consideration  part or all of which shall be cash, the amount of the cash
consideration therefore shall be deemed to be the amount of the case received by
the company for such  shares,  after any  compensation  or discount in the sale,
underwriting or purchase thereof by underwriters or dealers or others performing
similar services or for any expenses incurred in connection  therewith.  In case
of the issuance of any shares of  Additional  Common  Stock for a  consideration
part or all of which shall be other than cash,  the amount of the  consideration
therefore,  other than cash, shall be deemed to be the then fair market value of
the property  received as determined  by an investment  banking firm selected by
Lender.

<PAGE>

         4.3  Reclassification  of Shares:  In case of the  reclassification  of
securities  into shares of Common  Stock,  the shares of Common  Stock issued in
such  reclassification  shall be deemed to have been issued for a  consideration
other than cash.  Shares of Additional Common Stock issued by way of dividend or
other  distribution on any class of stock of the Company shall be deemed to have
been issued without consideration.

         4.4 Split up of Combination of Shares:  In case issued and  outstanding
shares of Common Stock shall be subdivided or split up into a greater  number of
shares  of the  Common  Stock,  the  Exercise  Price  shall  be  proportionately
decreased,  and in case issued and  outstanding  shares of Common Stock shall be
combined  into a smaller  number of shares of Common Stock,  the Exercise  Price
shall be proportionately  increased,  such increase or decrease, as the case may
be, becoming effective at the time of record of the split-up or combination,  as
the case may be.

         4.5 Exceptions: The term "Additional Common Stock" herein shall mean in
the most  broadest  sense all  shares of Common  Stock  hereafter  issued by the
Company (including,  but not limited to Common Stock held in the treasury of the
Company and common stock  purchasable  via derivative  security or option on the
date of such  grant),  except  Common  Stock  issued  upon the  exercise of this
warrant or Convertible Notes.

         4.6 In the event of  distribution  to all Common  Stock  holders of any
stock,  indebtedness  of the  Company  or  assets or other  rights  to  purchase
securities or assets,  then,  after such event, the Exercise Price reduced to so
entitle  the Holder to the  economic  interest he had  immediately  prior to the
occurrence of such event.

         4.7 In  case of any  capital  reorganization,  reclassification  of the
stock of the Company (other than a change in par value or as a result of a stock
dividend,  subdivision,  split up or combination of shares),  the Exercise Price
reduced  to so as to  entitle  the  Holder  to  the  economic  interest  he  has
immediately  prior to the  occurrence  of such event.  The  provisions  of these
foregoing   sentence  shall  similarly  apply  to  successive   reorganizations,
reclassifications,   consolidations,   exchanges,  leases,  transfers  or  other
dispositions or other share exchanges.

         4.8 Notice of Adjustment. (A) In the event the Company shall propose to
take any action which shall result in an adjustment in the Exercise  Price,  the
Company  shall give notice to the Holder,  which notice shall specify the record
date,  if any,  with respect to such action and the date on which such action is
to take place.  Such  notice  shall be given on or before the earlier of 10 days
before the record  date or the date on which such  action  shall be taken.  Such
notice  shall also set forth all facts (to the  extent  known)  material  to the
effect of such action on the  Exercise  Price and the  number,  kind or class of
shares or other securities or property which shall be deliverable or purchasable
upon the occurrence of such action or deliverable  upon exercise of this warrant
(B)  Following  completion  of an event  wherein  the  Exercise  Price  shall be
adjusted,  the Company  shall  furnish to the Holder a  statement,  signed by an
authorized  officer of the Company of the facts  creating  such  adjustment  and
specifying the resultant adjusted Exercise Price then in effect.

<PAGE>

                                    ARTICLE V

                                  Miscellaneous

         5.1 Entire Agreement. These Warrants, together with the Loan Agreement,
contain the entire agreement  between the holder and the Company with respect to
the Warrant Shares purchasable upon exercise hereof and the related transactions
and supersedes all prior arrangements or understanding with respect thereto.

         5.2  Governing  Law. This Warrant shall be governed by and construed in
accordance  with the laws of the State of Texas in the courts located in Dallas,
Texas.

         5.3 Waiver and  Amendment.  Any term or provision of these Warrants may
be waived at any time by the party which is entitled to the benefits thereof and
any term or provision of these  Warrants may be amended or  supplemented  at any
time by agreement of the holder  hereof and the Company,  except that any waiver
of any term or condition, or any amendment or supplementation, of these Warrants
shall be in  writing.  A waiver of any breach or  failure to enforce  any of the
terms or  conditions  of these  Warrants h all not in any way  effect,  limit or
waive a  party's  rights  hereunder  at any time to  enforce  strict  compliance
thereafter with every term or condition of these Warrants.

         5.4  Illegality.  In the event  that nay one or more of the  provisions
contained  in this  Warrant  shall  be  determined  to be  invalid,  illegal  or
unenforceable  in any  respect  for  any  reason,  the  validity,  legality  and
enforceability  of any such  provision  in any other  respect and the  remaining
provision of these Warrants shall not, at the election of the party for whom the
benefit of the provision exists, be in any way impaired.

         5.5 Notice.  Any notice or other  document  required or permitted to be
given or delivered to the holder hereof shall be in writing and delivered at, or
sent by certified or  registered  mail to such holder at, the last address shown
on  the  books  of  the  Company  maintained  at  the  Warrant  Office  for  the
registration of these Warrants or at any more recent address of which the holder
hereof shall have notified the Company in writing.

         5.6 Notice.  Any notice or other  document  required or permitted to be
given or delivered to the holder hereof shall be in writing and delivered at, or
sent by certified or  registered  mail to such holder at, the last address shown
on  the  books  of  the  Company  maintained  at  the  Warrant  Office  for  the
registration of these Warrants or at any more recent address of which the holder
hereof shall have notified the Company in writing.

         5.7 Limitation of Liability;  Note Stockholders.  No provision of these
Warrants  shall be construed as  conferring  upon the holder hereof the right to
vote,  consent,  receive  dividends  or receive  notices  (other  than as herein
expressly  provided) in respect of meetings of stockholders  for the election of
directors of the Company or any other matter  whatsoever as a stockholder of the
Company. No provision hereof, in the absence of affirmative action by the holder
hereof to purchase shares of Common Stock, and no mere enumeration herein of the
rights or privileges of the holder  hereof,  shall give rise to any liability of
such  holder  for the  purchase  price of any  shares  of  Common  Stock or as a
stockholder of the Company, whether such liability is asserted by the Company or
by creditors of the Company.

<PAGE>

         5.8  Exchange,  Loss,  Destruction,  etc. of Warrant.  Upon  receipt of
evidence reasonably  satisfactory to the Company of the loss, theft,  mutilation
or  destruction  of these  Warrants,  and in the case of ay such loss,  theft or
destruction upon delivery of any appropriate  affidavit in such form as shall be
reasonably satisfactory to the Company and include reasonable indemnification of
the Company,  or in the event of such mutilation upon surrender and cancellation
of these Warrants, the Company will make and deliver new Warrants of like tenor,
in lieu of such lost,  stolen,  destroyed  or mutilated  Warrants.  Any Warrants
issued under the  provisions of this Section in lieu of any Warrants  alleged to
be lost,  destroyed  or  stolen,  or in lieu of any  mutilated  Warrants,  shall
constitute an original contractual  obligation on the part of the Company. These
shall  be  promptly  canceled  by the  Company  upon  the  surrender  hereof  in
connection  with any exchange or  replacement.  The Company  shall pay all taxes
(other than  securities  transfer  taxes or income taxes) and all other expenses
and charges payable in connection with the  preparation,  execution and delivery
of Warrants pursuant to this Section.

         5.9 Headings. The Article and Section and other headings herein are for
convenience  only and are not a party of this  Warrant  and shall not affect the
interpretation thereof.

         IN WITNESS WHEREOF, the Company has caused this Warrant to be signed in
its name dated March 24, 2003.

                                       BPK Resources, Inc.

                                       By:____________________________________
                                            John B. Connally, III, President

<PAGE>

                               SUBSCRIPTION NOTICE

The undersigned, the holder of the foregoing Warrants, hereby elects to exercise
purchase   rights   represented   thereby  for,   and  to  purchase   thereunder
___________________  shares of the Common stock  covered by such  Warrants,  and
herewith  makes  payment  in  full  for  such  shares,  and  requests  (a)  that
certificates  for  such  shares  (and any  other  securities  or other  property
issuable  upon  such  exercise)  be  issued  in the name of,  and  delivered  to
____________________  __________________________________ and (b), if such shares
shall not include all of the shares issuable as provided in such Warrants,  that
new  Warrants  of like tenor and date for the  balance  of the  shares  issuable
thereunder be delivered to the undersigned.

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

Date:__________________________

<PAGE>

                                   ASSIGNMENT

         For value received,  __________________________________,  hereby sells,
assigns and transfers unto _____________________________________ these Warrants,
together  with all rights,  title and  interest  therein,  and does  irrevocably
constitute and appoint _______________ _______________________________ attorney,
to  transfer  such  Warrants  on the books of the  Company,  with full  power of
substitution.

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

Date:________________________________

<PAGE><PAGE>

EXHIBIT 10.10
FORM OF INVESTMENT AGREEMENT BY AND BETWEEN THE
REGISTRANT AND OCEAN RESOURCES CAPITAL HOLDINGS,
PLC DATED FEBRUARY 21, 2002

                          DATED __________________ 2003

                    (1) OCEAN RESOURCES CAPITAL HOLDINGS PLC

                             (2) BPK RESOURCES, INC

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

                              INVESTMENT AGREEMENT
                 -----------------------------------------------

                           Stallardsoliciors[GRAPHIC]

                                 Centurion House
                                 37 Jewry Street
                                     London
                                    EC3N 2ER

                        Tel. 020 7423 1000 Fax. 020 7481
                            3002 DX. 822 London-City
                          Email: mail@stallardlaw.co.uk

<PAGE>

                      OCEAN RESOURCES CAPITAL HOLDINGS PLC
                                   Ocean House
                            10/12 Little Trinity Lane
                                     London
                                    EC4V 2DH

Private and Confidential

To       The Directors
         BPK Resources, Inc
         5858 Westheimer Street
         Suite 709
         Houston
         TX 77057
         USA

21st February 2003

Dear Sirs

Investment Offer

Ocean  Resources  Capital  Holdings  Plc  ("ORCH")  is pleased  to  confirm  its
intention to make an investment  in BPK  Resources,  Inc ("the  Company") on the
terms set out in this letter. This letter should be read in conjunction with the
accompanying schedules entitled "Conditions Precedent" and "Warranties".

1        Investment in the Company

         1.1      ORCH will  invest in the  Company by way of  subscription  for
                  5,538,461  Series  A 10%  Convertible  Preferred  Stock in the
                  Company  ("the BPK Shares")  with a par value of US$0.001 at a
                  subscription price of US$0.65 each, credited as fully paid and
                  having  the terms set out in the  Certificate  of  Designation
                  attached as Schedule 1.

         1.2      Subscription  for the BPK  Shares  shall be  satisfied  by the
                  issue by ORCH of 4,390,000  Ordinary Shares of 1p each in ORCH
                  ("the  ORCH  Shares")  at a  subscription  price of 50p  each,
                  credited as fully

                                       2
<PAGE>

                  paid and ranking pari passu in all respects  with the existing
                  shares in ORCH,  together with  4,390,000  warrants  issued in
                  accordance with the warrant instrument  attached at Schedule 5
                  ("the Warrants").

         1.3      ORCH  confirms to the Company that it is the  intention of the
                  board of ORCH to seek to have the ORCH  Shares  traded  on the
                  Alternative  Investment  Market  ("AIM") of The  London  Stock
                  Exchange  as  soon  as  reasonably   practicable   and  it  is
                  acknowledged  by the Company that the  allotment  and issue of
                  Shares in consideration for the issue of the BPK Shares is not
                  conditional upon such admission to AIM ("Admission").

2        Purpose

         ORCH's  investment  is to be used for the purpose of providing  working
         capital for the business of the Company.

3        Availability

         The  subscription  for the  BPK  Shares  shall  be  made  when  ORCH is
         satisfied that the  conditions  precedent set out in Schedule 2, headed
         "Conditions Precedent", have been fulfilled or waived by ORCH .

4        Obligations of the Company

         4.1      The Company  agrees to make available  such  information  with
                  regard to the Company and its business, assets and investments
                  as may  reasonably be required by ORCH in connection  with any
                  application for Admission.

         4.2      The  Company  acknowledges  that by  accepting  this offer and
                  accepting the allotment of shares in exchange for the issue of
                  the BPK Shares, the Company will not be entitled to dispose of
                  any of the ORCH Shares  issued to it either prior to or during
                  a period of at least 2 months from Admission without the prior
                  consent of ORCH (which shall not be unreasonably withheld), or
                  as part of the placing by ORCH during such period.

                                       3
<PAGE>

         4.3      The Company further  acknowledges that it will not be entitled
                  to dispose of the  Warrants  independently  of the ORCH Shares
                  for a period  of 3 months  from  Admission  without  the prior
                  consent of ORCH, or as part of the placing by ORCH during such
                  period.

         4.4      The Company irrevocably undertakes that:

                  4.4.1    the Company will place US$720,000 of the net proceeds
                           from the sale of the ORCH Shares in an escrow account
                           until the second  anniversary of this  Agreement,  on
                           terms satisfactory to ORCH, on the basis that this is
                           equal to two years'  dividends  in respect of the BPK
                           Shares  and the funds  standing  to the credit of the
                           escrow  account shall be entitled  solely for payment
                           of dividends in respect of the BPK Shares; and

                  4.4.2    other  than  day to day  creditors  and the  proposed
                           US$600,000 margin account with HSBC (of which details
                           have been  disclosed  to ORCH),  the Company will not
                           incur more than  US$1,000,000  further  indebtedness,
                           without the prior written  permission of ORCH,  which
                           permission shall not be unreasonably withheld.

         4.5      The  Company  agrees that ORCH shall be entitled to nominate a
                  director  to  the  Board  of  Directors  of  the  Company  and
                  undertakes  to take  all  such  steps  as may be  required  to
                  appoint  such person to serve on the Board of Directors of the
                  Company  until the next  meeting  of the  stockholders  of the
                  Company  held for the  purpose  of  electing  directors.  As a
                  condition to  appointing  such person to serve on the Board of
                  Directors  of the  Company,  ORCH shall  cause such  person to
                  provide all  information  requested  by the Company  regarding
                  such  person,  including  but not limited to,  completing  and
                  executing  a  standard  and  customary  Directors  &  Officers
                  Questionnaire (the information set forth in such questionnaire
                  to be  acceptable  to the Company) and to execute and file any
                  and all documents requested by the Company including,  but not
                  limited  to, a Form 3 to be filed with the  United  Securities
                  and Exchange Commission.

                                       4
<PAGE>

         4.6      The Company shall ensure that the ORCH  Director  receives due
                  notice of all Board Meetings of the Company  together with all
                  supporting  board papers and other  information as is provided
                  to all other members of the Company's Board of Directors.

         4.7      The Company  further  undertakes that as a subscriber for ORCH
                  Shares in ORCH it will provide to ORCH and its  advisers  such
                  information  as may from  time to time be  required  under any
                  money  laundering  regulations  to which ORCH may from time to
                  time be subject,  whether in connection  with the  application
                  for admission on AIM or otherwise.

         4.8      ORCH shall provide to the Company and its advisors any and all
                  information  as may  from  time to time  be  requested  by the
                  Company  or its  advisors  in order to  comply  with any laws,
                  rules or regulations applicable to the Company including,  but
                  not limited to, information  required to be disclosed pursuant
                  to  applicable   United  States   securities  laws,  rules  or
                  regulations.

         4.9      ORCH  shall  prepare  and  file  any and all  forms,  reports,
                  schedules  or  other  information  required  to be filed by it
                  under  applicable  United  States  securities  laws,  rules or
                  regulations.  ORCH  further  undertakes  to cause  each of its
                  employees,  agents  and  affiliates,  including  any person it
                  designates  to serve on the Board of Directors of the Company,
                  to prepare and file any and all forms,  reports,  schedules or
                  other  information  required to be filed by such persons under
                  applicable   United   States   securities   laws,   rules  and
                  regulations.

5        Warranties

         5.1      The Company  warrants and  represents  to ORCH in the terms of
                  Schedule 3 and/or set out in the Form of Acceptance.

         5.2      Each of the Warranties  shall be separate and independent and,
                  save as expressly provided,  shall not be limited by reference
                  to any other Warranty or anything in this letter.

                                       5
<PAGE>

6        Investment Representations

         6.1      ORCH represents and warrants to the Company that:

                  6.1.1    the  BPK  Shares  and the  shares  of  common  stock,
                           US$0.001  par  value  per  shares,   of  the  Company
                           issuable   upon   conversion   of  the   BPK   Shares
                           (collectively   "the  BPK   Securities")   are  being
                           acquired  for  ORCH's  own  account  for   investment
                           purposes  only and not  with a view  to,  or with any
                           present  intention of,  distributing  any of such BPK
                           Shares; and

                  6.1.2    all  information  relating  to the legal  status  and
                           constitution  of ORCH,  the details of the authorized
                           and issued  share  capital of ORCH,  its business and
                           financial  position  and all  other  information  set
                           forth in the  Admission  Document to be  published by
                           Ocean on its application for admission to AIM will be
                           true and accurate.

         6.2      ORCH acknowledges and accepts that:

                  6.2.1    The BPK Securities have not been registered under the
                           United States Securities Act of 1933, as amended (the
                           "Securities  Act"), or under any state  securities or
                           blue sky laws and the transfer of the BPK  Securities
                           is intended to be exempt from registration  under the
                           Securities   Act   based,    in   part,    upon   the
                           acknowledgement of ORCH contained herein.

                  6.2.2    Neither the United  States  Securities  and  Exchange
                           Commission  nor any state  securities  commission has
                           (i)  approved  the  issuance  and  sale  of  the  BPK
                           Securities  or passed upon or endorsed  the merits of
                           the BPK  Securities,  or (ii)  confirmed the accuracy
                           of,  determined  the  adequacy  or, or  reviewed  any
                           documentation regarding the Company.

                                       6
<PAGE>

                  6.2.3    ORCH has such  knowledge and  experience in financial
                           and business matters that it is capable of evaluating
                           the risk of  investing in the Company and that it has
                           had access to all documents  and records  relating to
                           the Company; that it has reviewed such documents that
                           it has deemed  necessary in order to make an informed
                           investment  decision with respect to an investment in
                           the BPK Securities, including but not limited to, the
                           Company's  filings with the United States  Securities
                           and  Exchange   Commission,   that  it  has  had  the
                           opportunity  to ask  representatives  of the  Company
                           certain  questions  and  request  certain  additional
                           information  regarding  the terms and  conditions  of
                           this   particular   investment   and  the   finances,
                           operations, business and prospects of the Company and
                           has  had  any and all  such  questions  and  requests
                           answered to its satisfaction; and that it understands
                           the  risks and other  considerations  relating  to an
                           investment in the BPK Securities.

                  6.2.4    ORCH is an  "Accredited  Investor"  as  that  term is
                           defined  in the  Securities  Act  and the  rules  and
                           regulations promulgated thereunder.

                  6.2.5    ORCH is  acquiring  the BPK  Securities  in a private
                           transaction  separately  negotiated with the Company,
                           and in electing  to make such a purchase  was unaware
                           of, and did not rely on, and did not become  aware of
                           the  offering of the BPK  Securities  through or as a
                           result  of,  any  form  of  general  solicitation  or
                           general advertising,  including,  without limitation,
                           any   article,   notice,   advertisement   or   other
                           communication published in any newspaper, magazine or
                           similar media,  or broadcast over television or radio
                           or the  internet,  in  connection  with the offer and
                           sale of the BPK Securities.

                  6.2.6    ORCH must bear  must  bear the  substantial  economic
                           risks  of  the   investment  in  the  BPK  Securities
                           indefinitely  because the BPK  Securities  may not be
                           sold,  hypothecated  or otherwise  disposed of unless
                           registered  under the  Securities  Act and

                                       7
<PAGE>

                           applicable state securities laws or an exemption from
                           such  registration  is available in the legal opinion
                           of counsel to the Company. Legends shall be placed on
                           the certificates evidencing the BPK Securities to the
                           effect  that  the  BPK   Securities   have  not  been
                           registered under the Securities Act or any applicable
                           state  securities  laws  and  appropriate   notations
                           thereof will be made in the Company's  stock transfer
                           books substantially as set forth below:

                           THE  SECURITIES  REPRESENTED  HEREBY  HAVE  NOT  BEEN
                           REGISTERED  UNDER  THE  SECURITIES  ACT OF  1933,  AS
                           AMENDED.   THESE   SECURITIES   MAY   NOT  BE   SOLD,
                           TRANSFERRED  OR OTHERWISE  DISPOSED OF IN THE ABSENCE
                           OF REGISTRATION,  OR THE AVAILABILITY OF AN EXEMPTION
                           FROM REGISTRATION,  UNDER THE SECURITIES ACT OF 1933,
                           AS  AMENDED,  BASED ON AN  OPINION  LETTER OF COUNSEL
                           ACCEPTABLE TO THE COMPANY.

                  6.2.7    Stop  transfer  instructions  will be placed with any
                           transfer agent of the BPK Securities.

7        Information and publicity

         7.1      Each party shall  disclose such  information  concerning  such
                  party and any  subsidiary  or  associated  companies as may be
                  required of it to comply with the rules of any applicable law,
                  Relevant Stock Exchange or other regulatory authority.

         7.2      Any press  release in  relation to this  transaction  is to be
                  agreed in advance between the Company and ORCH.

8        Transaction fees

         Each  party  shall be  responsible  for the fees of its own  legal  and
         accountancy advisers in respect of this transaction.

                                       8
<PAGE>

9        Procedure for acceptance

         This offer may be accepted by signing and returning to ORCH the Form of
         Acceptance  enclosed herewith.  When the Form of Acceptance is received
         and accepted by ORCH this letter together with the Schedules hereto and
         the Form of Acceptance shall form the share subscription agreement.

Yours faithfully

...........................................
Director/Authorised Signatory
Ocean Resources Capital Holdings Plc

                                       9
<PAGE>

                        FORM OF ACCEPTANCE AND COMMITMENT

This letter must be completed  and returned by facsimile to Stallard  Solicitors
by no later than 4.00 p.m. UK time on 21st February (for the attention of Andrew
Hunter on 020 7481 3002) and a hard copy, signed by you, must be returned within
a  further  10  business  days  ("the  Closing  Date") to  Stallard  Solicitors,
Centurion House, 37 Jewry Street, London EC3N 2ER.

From:
                              -------------------------------------------
BPK Resources, Inc
5858 Westheimer Street        Reference                    ORCH/BPK
Suite 709
Houston                       Number of ORCH Shares        4,390,000
TX 77057
USA                           Number of BPK Shares         5,538,461

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

o February 2003

Dear Sirs

Issue by BPK Resources,  Inc (the "Company") of 5,538,461 shares of Series A 10%
Convertible Preferred Stock in the Company ("the BPK Shares") to Ocean Resources
Capital  Holdings  Plc  ("ORCH")  in  consideration  for  the  issue  by ORCH of
4,390,000  ordinary shares of 1p each in ORCH ("Shares") at a subscription price
of 50p each together with 4,390,000 Warrants

We hereby  acknowledge  receipt of your  letter  dated 21st  February  2003 (the
"Offer  Letter") and confirm our  irrevocable  obligation  to allot and issue to
ORCH the BPK Shares set out above in  consideration  for the allotment and issue
to the  Company or its agent by ORCH of the ORCH  Shares  set out above,  on the
terms and subject to the  conditions  set out or referred to in the Letter,  and
without  limiting  the  foregoing.  We  expressly  confirm our  agreement in all
respects to the terms of the Letter.

By accepting such commitment we:

         (a)      represent and warrant to ORCH that we have full  authority and
                  rights to issue the BPK  Shares to ORCH or its agent as herein
                  provided including compliance with any stock exchange, company
                  legislation   or   other   regulatory    requirements    where
                  appropriate;

         (b)      confirm that we may lawfully acquire the ORCH Shares;

                                       10
<PAGE>

         (c)      undertake   that  the  BPK  Shares   will   (subject   to  the
                  satisfaction  of the  Conditions  Precedent)  be allotted  and
                  issued to ORCH or its agent free from all liens,  charges  and
                  encumbrances  and with all rights now and  hereafter  attached
                  thereto;

         (d)      enclose herewith or irrevocably undertake to deliver to you by
                  the Closing Date the following documents:

                  (a)      a Board Resolution in terms reasonably  acceptable to
                           you  authorising  the  allotment and issue of the BPK
                           Shares; and

                  (b)      a letter of consent and  authority  in respect of the
                           following:

                           (i)      the  holding  of an EGM of ORCH in  February
                                    2003 at short  notice  for the  purposes  of
                                    dealing  with any  formalities  required for
                                    Admission; and

                           (ii)     the  appointment  of the Chairman of ORCH as
                                    the corporate  representative of the Company
                                    for the purposes of such EGM

         (e)      further  undertake  not to dispose  of any of the ORCH  Shares
                  acquired  pursuant to the issue of the BPK Shares  prior to or
                  for a period of at least 2 months from  Admission  without the
                  prior written consent of ORCH, which shall not be unreasonably
                  withheld;

         (f)      hereby  authorise and request ORCH (subject to the  conditions
                  referred  to  in  the  Letter  having  been   fulfilled),   in
                  accordance with the instructions given below, to deliver to us
                  at our risk definitive  certificates  for the number of Shares
                  to which we are entitled.

We further warrant, acknowledge and agree that:

(a)      we are applying  and  subscribing  for, the number of Shares  specified
         above  upon and  subject  to the  terms and  conditions  set out in the
         Letter,  and the  Memorandum  and Articles of  Association of ORCH and,
         without  prejudice to the  generality of the foregoing in accepting the
         commitment hereunder:-

         (i)      except for the foregoing and the ORCH  Admission  Document for
                  admission  to  trading  on AIM,  we  have  not  relied  on any
                  information given or any representations or statements made at
                  any time by ORCH or any director,  associate,  employee, agent
                  or adviser of ORCH;

         (ii)     we  have  obtained  all  necessary  consents  and  authorities
                  required  (and in  particular,  but without  prejudice  to the
                  generality of the foregoing,  any exchange  control  consents)
                  and observed any formalities in any  jurisdiction to enable us
                  to issue the BPK Shares and to  subscribe  for the ORCH Shares
                  and to enter into and comply with this Form of Acceptance  and
                  the signatory of the Form of Acceptance  is, and will continue
                  to have, full authority to bind us to its terms;

                                       11
<PAGE>

(b)      time shall be of the  essence as regards  obligations  pursuant  to the
         Form of Acceptance;

(c)      we will be liable as a principal in respect of our  obligations and the
         terms and conditions of the letter and this Form of Acceptance  will be
         governed by, and construed in accordance  with, the laws of England and
         we  agree  to  submit,  for  the  benefit  of  ORCH  to  the  exclusive
         jurisdiction of the English courts.

Yours faithfully,

SIGNATURE: ____________________________________STATUS_________________________

FULL NAME:
          --------------------------------------------------------------

ON BEHALF OF:
             -----------------------------------------------------------

DELIVERY INSTRUCTIONS FOR SHARES
The  registration  details  for and,  if  different,  the person to whom you are
requested to deliver the Shares are as follows:

NAME _______________________________________________________________________

ADDRESS ____________________________________________________________________

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

POSTCODE _________________

DELIVERY ADDRESS FOR CERTIFICATES (if different from the first-named above):

NAME _____________________________________________________________________

ADDRESS _____________________________________________________________________

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

POSTCODE _________________

                                       12
<PAGE>

                                   SCHEDULE 1

                           Certificate of Designation

                   of Series A 10% Convertible Preferred Stock

                             of BPK Resources, Inc.

                                       13
<PAGE>

                                   SCHEDULE 2

                              CONDITIONS PRECEDENT

The Investor's investment shall be available when:

1        The Board  and the  investment  committee  of ORCH  have  approved  the
         investment terms.

2        ORCH and its advisers are satisfied that all formalities  necessary for
         the issue of the BPK Shares to ORCH have been complied with.

                                       14
<PAGE>

                                   SCHEDULE 3

                                   WARRANTIES

1        Shares

         1.1      All information  relating to the legal status and constitution
                  of the company, including details of the authorised and issued
                  share  capital of the Company,  and its business and financial
                  position  supplied to ORCH or its  advisers was when given and
                  remains true and accurate.

         1.2      The  Articles  of  Incorporation  and  Bylaws of the  Company,
                  Audited  Accounts,  Management  Accounts  and other  documents
                  supplied to ORCH are up to date,  accurate and complete copies
                  of the originals.

2        Insolvency

         2.1      No administrator,  administrative receiver,  receiver, manager
                  or receiver and manager has been  appointed  over the whole or
                  any part of the assets or  undertaking  of the  Company and no
                  such  appointment  has been  threatened in writing  within the
                  preceding twelve months.

         2.2      The Company is not insolvent nor has it stopped payment of its
                  debts nor is the Company unable to pay its debts.

3        Legal Proceedings

         3.1      The Company is not engaged or involved in or threatened with:-

         3.1.1    any  litigation,  prosecution,   arbitration  or  other  legal
                  proceedings (whether as plaintiff,  defendant or third party),
                  except for normal debt collection; or

         3.1.2    any  proceedings  or enquiries  before any tribunal,  board of
                  enquiry,  commission or any other administrative body, whether
                  judicial or quasi- judicial;

                                       15
<PAGE>

         3.2      There  is no  judgement  or  order of the  court  against  the
                  Company, which has not been satisfied or discharged.

         3.3      The  Company  has not  committed  any  breach  of or failed to
                  perform or observe any provision of its Memorandum or Articles
                  of  Association  or  terms or  conditions  of any  consent  or
                  licence by which it carries on business.

         3.4      The  Company  is not in  breach of any of the  listing  rules,
                  regulations or requirements of OTC BB.

                                       16
<PAGE>

                                   SCHEDULE 4

                                   Definitions

"Act"                       the  Companies  Act 1985 as amended  and from time
                            to time in force;

"AIM"                       the  Alternative  Investment  Market of the London
                            Stock Exchange;

"Articles of Association"   the  articles  of  association  of the  Company as
                            amended pursuant to the terms of this letter,  and
                            in force from time to time;

"Completion"                the  subscription  by ORCH for the BPK  Shares and
                            the  allotment  by ORCH to the Company of the ORCH
                            Shares;

"Instrument"                the Instrument  constituting the BPK Shares in the
                            form set out as Schedule 1 hereto;

"ORCH"                      Ocean Resources Capital Holdings Plc;

"ORCH Director"             the person to be nominated  by ORCH and  appointed
                            to  the  board  of  directors  of the  Company  in
                            accordance with the terms of this Agreement;

"OTC BB"                    Over The Counter Bulletin Board;

"Shares"                    the  Ordinary  Shares  of 1p  each  in  the  share
                            capital of ORCH;

"Warranties"                the  warranties  and  representations  set  out in
                            Schedule 3.

                                       17
<PAGE>

                                   SCHEDULE 5

                             The Warrant Instrument

                                       18

<PAGE>

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