Document:

EXHIBIT 10.6

                        NAVIDEC FINANCIAL SERVICES, INC.
                            MANAGEMENT INCENTIVE PLAN

     1. Plan. The purpose of this  Management  Incentive Plan (the "Plan") is to
reward  management  of Navidec  Financial  Services,  Inc. (the  "Company")  for
achieving certain  financial and transactional  goals. Upon adoption of the Plan
by the Board of Directors of the Company (the "Board"), employees of the Company
and  its  subsidiaries  who  are  designated  as  Participants  in the  Plan  in
accordance with paragraph 2 hereof (each, a "Participant")  shall be eligible to
receive  bonuses in the form of cash and stock  options on the terms and subject
to the  conditions  set  forth  in the  Plan  and the  applicable  Participation
Agreement  (as defined in paragraph 2 below).  The Board has the  discretion  to
determine participation by the Participants in the Plan on a transactional basis
based upon the recommendation of the Chief Executive Officer of the Company.

     2. Participation.

     The Board,  upon receiving a recommendation  of the Chief Executive Officer
of the  Company,  shall have the  discretion  to  determine  and  designate  the
employees of the Company and its subsidiaries eligible to be Participants in the
Plan.  In addition,  the Board,  upon  receiving a  recommendation  of the Chief
Executive Officer of the Company, shall have the discretion to determine that an
employee is no longer eligible to be a Participant in the Plan. Participation in
the Plan shall be evidenced by the execution of a  Participation  Agreement (the
"Participation  Agreement")  between the Company and the Participant (which need
not  be  the  same  for  each  Participant),  setting  forth  the  Participant's
percentage  of  participation  for the  Option  Bonus and such  other  terms and
conditions,  consistent  with  the  provisions  of  the  Plan,  relating  to the
participation  in the Plan as the Board or its duly  authorized  committee  (the
"Committee") shall prescribe.

     3. Cash Bonuses

     (a) Upon the  closing  of a  Transaction  (as  defined  in  paragraph  5(c)
hereof),  the  Company  shall set aside and pay or provide for a cash bonus pool
(the "Cash Bonus Pool") equal to one percent (1%) of the  Aggregate  Transaction
Value (as defined in  paragraph  5(a)  hereof) of such  Transaction,  from which
individual cash bonuses (each, a "Cash Bonus") shall be paid to each Participant
pursuant to, and consistent with, such Participant's Participation Agreement.

     (b) Each  Participant's  participation  in the  Cash  Bonus  Pool  shall be
expressed  as a  percentage  of the Cash Bonus  Pool based on each  Participants
annual base salary  divided by the aggregate  annual base salaries of all of the
Participants  in the Plan (the  "Base  Salary  Pool")as  set forth on Exhibit A,
which shall be amended as  additional  Participants  are  designated  or removed
pursuant to paragraph 2 or removed due to a termination  of employment  pursuant
to  paragraph  6. For  example,  if there are three  participants,  each with an
annual base salary of $50,000  totaling  an Base Salary Pool of  $150,000,  then
each participant would receive 33.3% of any Cash Bonus Pool.

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     (c) In  the  event  additional  Participants  are  designated  pursuant  to
paragraph 2, the new  Participant's  annual base salary shall be included in the
Base Salary Pool and each of the existing  Participants'  percentage of the Cash
Bonus Pool shall be adjusted accordingly.  Such adjustment shall be pro rata for
each of the  Participants.  Further to the  example in  paragraph  3(b),  if one
additional  participant is designated and approved and his annual base salary is
$30,000,  then the Base Salary Pool would be increased to $180,000  with the new
participant  receiving  16.7% of any Cash Bonus Pool and the other  participants
now receiving 27.8% of any Cash Bonus Pool.

     (d) The  formula  for  participation  in the Cash  Bonus  Pool shall not be
changed except by an amendment to the Plan adopted by the Board.

     (e) Cash Bonuses  payable under paragraph 3(a) of the Plan shall be paid in
cash and the Chief Executive  Officer shall determine,  with the approval of the
Board,  the timing for the  payment  of any Cash  Bonus  based on the  Company's
current cash position, but in no event shall such payment be made later than six
(6) months following the closing of a Transaction.

     4. Stock Option Bonuses

     (a) Upon the  closing  of a  Transaction  (as  defined  in  paragraph  5(c)
hereof), the Company shall grant to Participants an option to purchase shares of
the Company's common stock (an "Option")  pursuant to, and consistent with, such
Participant's  Participation  Agreement  (each,  an  "Option  Bonus").  Upon the
closing of each Transaction, the Company shall grant to the Participants Options
equal to thirty percent (30%) of the Aggregate  Transaction Value (as defined in
paragraph  5(a) hereof) of such  Transaction  (the  "Option  Bonus  Pool").  The
exercise  price  shall be equal to the  current  market  price of the  Company's
common stock on the closing date of the Transaction. Such Option Bonuses will be
granted  pursuant to the terms and conditions of the Company's 2005 Stock Option
Plan or such other  stock  option  plan that the  Company may adopt from time to
time which shall include,  among other things,  the procedure for exercising the
Options.

     (b) The Chief Executive Officer of the Company shall recommend to the Board
for its consent and approval the percentage of participation of each Participant
in the Option Bonus Pool.

     (c) In the event additional Participants are designated or removed pursuant
to paragraph 2(a), the percentage of  participation in the Option Bonus Pool for
existing  Participants may be adjusted on a pro rata basis and will be set forth
on Exhibit B which shall be amended as additional Participants are designated or
removed pursuant to paragraph 2(a) or removed due to a termination of employment
pursuant to  paragraph 6. For  example,  if there are two existing  participants
each  receiving  fifty percent (50%) of the Option Bonus Pool and one additional
participant is designated,  approved and granted a ten percent (10%) interest in
the Option Bonus Pool then the percentage for each existing participant would be
reduced to forty-five percent (45%).

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     5.  Definitions and Financial Determinations

     (a) As used herein, "Aggregate Transaction Value" shall mean the sum of the
following (without duplication):

          (i) in the case of a Transaction involving a purchase of capital stock
          of a company,  the total  amount of cash and the fair market value (on
          the  date of  payment)  of all  other  consideration  paid or  payable
          (including amounts paid into escrow) to the sellers in connection with
          such Transaction;

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          (ii) in the case of a Transaction  involving the sale of assets and/or
          assumption of liabilities, the sum of (A) the total amount of cash and
          the  fair  market  value  (on  the  date  of  payment)  of  all  other
          consideration  paid or payable (including amounts paid into escrow) to
          the  seller in  connection  with such  Transaction,  and (B) the total
          outstanding  amount of all indebtedness and other liabilities  assumed
          by,  otherwise  transferred  to,  or  paid  by,  the  Company,  all as
          outstanding at the time of the closing of any such Transaction;

          (iii) in the case of any Transaction,  the consideration  paid for the
          equity issued or deemed to be issued,  upon exercise (or issuable upon
          exercise) in connection  with the  consummation  of the transaction of
          options,  warrants  or other  rights  or  conversion  or  exchange  of
          securities,  all as outstanding at the time of the closing of any such
          Transaction;

          (iv) in the case of a Transaction  involving the  completion of public
          or  private  financing,  the total  amount  of the cash  raised in the
          financing; and

          (v) in the case of a  Transaction  involving a contract for fees,  the
          total  amount  of cash  and the  fair  market  value  (on the  date of
          payment)  of all other  consideration  paid or  payable  to NFS or its
          subsidiaries as fees pursuant to the terms of the contract.

     (b) Equity securities constituting part of Aggregate Transaction Value that
are traded on a national  securities  exchange or quoted on the NASDAQ  National
Market  System  shall be valued at the last  closing  price  thereof  on the day
immediately  preceding  the  closing  of  any  such  transaction.   Such  equity
securities that are traded in another over-the-counter market shall be valued at
the mean  between  the  closing  bid and  asked  prices  on the day  immediately
preceding  the closing of any such  transaction  and if the bid and asked prices
are not available for such date then the average of the mean between the bid and
asked prices for the 30-day period immediately preceding the closing of any such
transaction.   Any  debt  or  other  securities  or  other  property  or  assets
constituting  part of  Aggregate  Transaction  Value shall be valued at the fair
market value thereof, as reasonably determined by the Board.

     (c) As used in the Plan,  the  occurrence  of any of the  following  events
shall constitute a "Transaction:"

          (i) The acquisition by the Company of more than fifty percent (50%) of
          the combined voting power of the then outstanding voting securities of
          a company; or

          (ii) The  consummation of a purchase,  in any transaction or series of
          transactions,  of all or substantially  all of the assets of a company
          including any subsidiaries; or

          (iii) The completion of a private or public financing  transaction for
          the Company or any of its subsidiaries; or

          (iv) The execution of a consulting contract for fees.

     (d) The term "Transaction  Bonus" shall mean both the Cash Bonus and Option
Bonus of a Participant.

     6. Termination of Employment.

     (a) If a  Participant  resigns from  employment  with the Company,  or if a
Participant's employment with the Company is terminated for Cause (as defined in
paragraph  6(d)  hereof)  or  terminated  by reason of death or  Disability  (as
defined in the Participation Agreement), the Participant shall immediately cease
to be a  Participant  and shall not be entitled  to receive any further  bonuses
under the Plan;  provided,  however,  that the terminated  Participant  shall be
entitled to receive the Transaction  Bonus for any Transaction that closed prior
to the date of termination but not yet paid.

     (b) If a  Participant's  employment  with the Company is  terminated by the
Company  without  Cause,  the  Participant   shall  be  entitled  to  receive  a
Transaction  Bonus  payable  by reason of any  Transaction  closing  at any time
within three (3) months after the date of termination.

     (c) Except as provided in this paragraph 6, a Participant must, on the date
on which a Transaction is consummated and the Transaction  Bonus accrues,  be in
the employ of the Company.

     (d) For  purposes  of the Plan,  "Cause"  shall  mean with  respect  to any
Participant:  (i) the willful and repeated failure,  refusal,  or neglect of the
Participant,  after  reasonable  notice and  opportunity to cure, to perform the
duties assigned to the  Participant to the reasonable  satisfaction of the Chief
Executive Office of the Company;  (ii) commission by the Participant of theft or
embezzlement of Company  property or other acts of dishonesty;  (iii) commission
by the Participant of a crime  resulting in injury to the business,  property or
reputation of the Company or commission of other significant  activities harmful
to the business or reputation of the Company;  (iv)  commission of an act by the
Participant  in the  performance  of his  duties  determined  by  the  board  of
directors of the Company to amount to gross,  willful, or wanton negligence;  or
(v) any significant  violation by the Participant of any statutory or common law
duty of loyalty to the Company.

     7. Stockholder  Approval.  The Company shall obtain stockholder approval of
the Plan from time to time as necessary to assure that bonuses paid  pursuant to
the Plan will not constitute an "excess parachute payment" within the meaning of
Section 280G of the Internal Revenue Code of 1986, as amended.

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     8.  Assignment;  Binding  Effect.  Neither the bonuses nor any other rights
under the Plan may be transferred  other than by will or the laws of descent and
distribution.  Any  other  transfer  or any  attempt  at  assignment,  pledge or
hypothecation,  whether by  operation  of law or not,  shall be void,  except as
provided in  paragraph  6(a) hereof.  The bonuses are not subject to  execution,
attachment  or other  process and no person  shall be  entitled to exercise  any
right of a Participant  under the Plan or possess any rights hereunder by virtue
of any attempted execution, attachment, or other process.

     9. No Contract of Employment.  In no event shall the  participation in this
Plan by a Participant  give or be deemed to give the Participant any right to be
retained in the employ of the Company or any subsidiary.

     10.   Interpretation.   The  Board  or  the   Committee   shall   make  all
determinations  required to be made hereunder and shall interpret all provisions
of  this  Plan  and  any  Participation  Agreement,  as it  deems  necessary  or
desirable, in its sole discretion. Such determinations and interpretations shall
be binding and conclusive on all interested parties.

     11.  Administration of Plan. The Plan shall be administered by the Board or
the Committee.  The Chief  Executive  Officer of the Company shall determine and
recommend to the Board or the Committee  individuals  entitled to participate in
the Plan, the amount and timing of such  participation,  and all other terms and
conditions  related thereto.  The Board or the Committee may delegate the duties
of interpretation and administration of the Plan; provided,  however, that, with
respect to awards to any  director or officer of the  Company,  the Board or the
Committee shall not delegate the initial  approval of participation or the terms
and conditions of such participation.

     12.  Amendment.  The Company  shall have the right to amend the Plan at any
time; provided,  however,  that, except as provided herein, no such action shall
affect  or in any  way  impair  the  rights  of  Participants  under  any  award
previously made under the Plan.

     13.  Termination.  The Company shall have the right to terminate or suspend
the Plan at any time.

     14. Withholding Obligation. The Company shall have the right to deduct from
any  distribution  of cash to the  Participants  an amount equal to the Federal,
state and local income  taxes and other  amounts as may be required by law to be
withheld with respect to the payment of any Transaction Bonus.

     15. Governing Law. The interpretation,  performance and enforcement of this
Plan shall be  governed  by the laws of the state of  Colorado,  without  giving
effect to the conflict of laws principals thereof.

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<PAGE>

     16.  Severability.  In the  event any  provision  of this Plan (or any part
thereof) is, or is for any reason adjudged to be, void, unlawful,  unenforceable
or  invalid,  then  disregarding  such  provision  or  provisions  (or any void,
unlawful,  unenforceable  or invalid part  thereof),  the  remaining  provisions
hereof shall subsist and be valid and be carried into full force and effect.

     17. Notices.  Any notices  required to be given to the Company  pursuant to
this  Plan  shall  be sent by  certified  or  registered  mail  (return  receipt
requested)  or  delivered  personally  or by  courier  (including  a  recognized
overnight  delivery  service) or by facsimile  and shall be effective  five days
after being placed in the mail, if mailed by regular United States mail, or upon
receipt, if delivered personally or by courier (including a recognized overnight
delivery service) or by facsimile. The address for such communications shall be:

                    To the Company:

                             Navidec Financial Services, Inc.
                             6399 S. Fiddlers Green Circle, Suite 300
                             Greenwood Village, CO 80111
                             Attention: Secretary
                             Facsimile: 303-222-1001

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<PAGE>

                                    Exhibit A
                                    ---------

Name of Participant           Annual Base Salary           Cash Bonus Percentage
--------------------          ------------------           ---------------------

Aggregate Annual Base Salary as of June 15, 2005:  $_______

                                       7

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                                    Exhibit B
                                    ---------

         Name of Particip                        Option Bonus Percentage
         ----------------                        -----------------------

                                       8EXHIBIT 10.7

                        NAVIDEC FINANCIAL SERVICES, INC.
                             2005 STOCK OPTION PLAN

                                   ARTICLE I
                            ESTABLISHMENT AND PURPOSE

     1.1 Establishment. Navidec Financial Services, Inc., a Colorado corporation
(the  "Company"),  hereby  establishes  a stock  option plan for key  employees,
consultants  and  members  of the  Board of  Directors  of the  Company  or of a
subsidiary of the Company,  providing  material  services to the Company,  which
shall be known as the Navidec  Financial  Services  2005 Stock  Option Plan (the
"Plan").  The Company shall enter into Option agreements with Optionees pursuant
to the Plan.

     1.2  Purpose.  The purpose of the Plan is to enhance  shareholder  value by
attracting,  retaining and motivating key employees,  consultants and members of
the Board of  Directors of the Company and of any  subsidiary  of the Company by
providing  them with a means to acquire a proprietary  interest in the Company's
success.

                                   ARTICLE II
                          ELIGIBILITY AND PARTICIPATION

     All current and former  employees,  consultants and members of the Board of
Directors of the Company (the  "Board"),  and of any  subsidiary of the Company,
are  eligible to  participate  in the Plan and receive  Options  under the Plan.
Optionees under the Plan shall be selected by the Board, in its sole discretion,
from among those current and former  employees,  consultants  and members of the
Board of the Company, and of any subsidiary of the Company,  who, in the opinion
of the  Board,  are or  were  in a  position  to  contribute  materially  to the
Company's continued growth and development and to its long-term success.

                                  ARTICLE III
                                 ADMINISTRATION

     3.1  Administration.  The Board shall be responsible for  administering the
Plan.

     (a) The Board is authorized to interpret the Plan; to prescribe, amend, and
rescind rules and  regulations  relating to the Plan; to provide for  conditions
and  assurances  deemed  necessary or advisable to protect the  interests of the
Company with respect to the Plan; and to make all other determinations necessary
or   advisable   for   the   administration   of   the   Plan.   Determinations,
interpretations, or other actions made or taken by the Board with respect to the
Plan and  Options  granted  under  the  Plan  shall be  final  and  binding  and
conclusive for all purposes and upon all persons.

     (b) At the  discretion  of the  Board  the  Plan may be  administered  by a
Committee  of two or more  non-employee  Directors  appointed  by the Board (the
"Committee").  The members of the Committee may be Directors who are eligible to
receive  Options under the Plan, but Options may be granted to such persons only
by action of the full Board and not by action of the  Committee.  The  Committee
shall have full power and authority,  subject to the limitations of the Plan and
any limitations imposed by the Board, to construe, interpret and administer the

<PAGE>

Plan and to make  determinations  which shall be final,  conclusive  and binding
upon all  persons,  including  any persons  having any  interests in any Options
which may be granted  under the Plan,  and,  by  resolution  or  resolutions  to
provide for the creation and issuance of any Option, to fix the terms upon which
and the time or times at or within  which,  and the price or prices at which any
shares may be purchased  from the Company  upon the exercise of an Option.  Such
terms,  time or times and price or prices shall,  in every case, be set forth or
incorporated by reference in the instrument or instruments evidencing an Option,
and shall be consistent with the provisions of the Plan.

     (c)  Where a  Committee  has been  created  by the Board  pursuant  to this
Article III, references in the Plan to actions to be taken by the Board shall be
deemed to refer to the Committee as well, except where limited by the Plan or by
the Board.

     (d) No member of the Board or the Committee  shall be liable for any action
or  determination  made in good  faith  with  respect  to the Plan or any Option
granted under it.

                                   ARTICLE IV
                           STOCK SUBJECT TO THE PLAN

     4.1 Number.  The total number of shares of common stock of the Company (the
"Stock")  hereby made  available  and reserved for issuance  under the Plan upon
exercise of Options shall be 5,000,000 shares. The aggregate number of shares of
Stock  available  under the Plan shall be subject to  adjustment  as provided in
Section 4.3.

     4.2 Unused  Stock.  If an Option shall  expire or terminate  for any reason
without having been exercised in full, or if an "immaculate  cashless  exercise"
(as  described in Section  5.4)  results in the issuance of a reduced  number of
shares in  satisfaction  of an option  grant,  the  unpurchased  shares of Stock
subject thereto shall (unless the Plan shall have  terminated)  become available
for other Options under the Plan.

     4.3  Adjustment  in  Capitalization.  In the  event  of any  change  in the
outstanding  shares of Stock of the  Company  by reason of a stock  dividend  or
split, recapitalization,  reclassification, or other similar capital change, the
aggregate  number  of  shares  of  Stock  set  forth  in  Section  4.1  shall be
appropriately adjusted by the Board, whose determination shall be conclusive. In
any such case,  the  number and kind of shares of Stock that are  subject to any
Option and the Option price per share shall be proportionately and appropriately
adjusted  without any change in the  aggregate  Option price to be paid therefor
upon exercise of the Option.

                                   ARTICLE V
                             TERMS OF STOCK OPTIONS

     5.1 Grant of  Options.  Subject to Section  4.1,  Options may be granted to
current  and  former  employees,  consultants  and  members  of the Board of the
Company and of any  subsidiary  of the Company at any time and from time to time
as  determined  by the  Board.  The Board  shall  have  complete  discretion  in
determining  the terms and  conditions  and  number of  Options  granted to each
Optionee.  In making such  determinations,  the Board may take into  account the
nature of services  rendered by such current and former  employees,  consultants
and members of the Board,  their  present  and  potential  contributions  to the
Company  and such  other  factors  as the  Board in its  discretion  shall  deem
relevant.

                                       2

<PAGE>

     5.2  Option  Agreement;  Terms and  Conditions  to Apply  Unless  Otherwise
Specified. As determined by the Board on the date of grant, each Option shall be
evidenced by an option agreement (the "Option  Agreement")  that specifies:  the
Option price; the duration of the Option; the number of shares of Stock to which
the Option applies; such vesting or exercisability  restrictions which the Board
may impose;  and any other terms or conditions  which the Board may impose.  All
such terms and conditions  shall be determined by the Board at the time of grant
of the Option.

     (a) If not  otherwise  specified  by the  Board,  the  following  terms and
conditions shall apply to Options granted under the Plan:

          (i) Term.  The  duration of the Option shall be for ten years from the
          date of grant.

          (ii)  Exercise  of  Option.  If an  Option  is  subject  to a  vesting
          schedule,  (A)  an  Option  held  by  an  Optionee  who  retires  from
          employment with the Company after having both reached the age of sixty
          and completed  twelve years of service with the Company shall continue
          to vest in  accordance  with the  vesting  schedule  set  forth in the
          applicable  Option  Agreement  notwithstanding  the termination of the
          Optionee's  employment  with the Company,  provided  that prior to the
          exercise of the Option such  Optionee  does not after such  retirement
          become  employed on a full-time  basis by a competitor  of the Company
          prior  to  reaching  age  sixty-five,  and  (B) an  Option  held  by a
          non-employee  Director of the Company who retires from the Board after
          completing  at least five years of service to the Company shall become
          fully vested.

          (iii)  Termination.  Each  Option  granted  pursuant to the Plan shall
          expire on the earliest to occur of:

               (A) The date set forth in such  Option,  not to exceed  ten years
               from the date of grant;

               (B) The third anniversary of the completion of the merger or sale
               of  substantially  all of the Stock or assets of the Company with
               or to another  company in a  transaction  in which the Company is
               not the  survivor,  except for the merger of the  Company  into a
               wholly-owned  subsidiary (and the Company shall not be considered
               the surviving  corporation  for purposes hereof if the Company or
               any of its  subsidiaries is the survivor of a reverse  triangular
               merger and the Company's  shareholders  immediately  prior to the
               merger  own less  than 50% of the  value of the  Company's  stock
               immediately after the merger); or

               (C) The termination of the employment of an Optionee for cause by
               the Company.

                                       3

<PAGE>

          (iv) Acceleration. An Option shall become fully vested and exercisable
          irrespective  of its other  provisions  (A)  immediately  prior to the
          completion of the merger or sale of substantially  all of the stock or
          assets of the Company in a transaction in which the Company is not the
          survivor,  except for the merger of the  Company  into a  wholly-owned
          subsidiary  (and the Company  shall not be  considered  the  surviving
          corporation  for  purposes  hereof  if  the  Company  or  any  of  its
          subsidiaries  is the survivor of a reverse  triangular  merger and the
          Company's  shareholders  immediately prior to the merger own less than
          50% of the value of the Company's stock immediately after the merger);
          (B) upon termination of the Optionee's  employment with the Company or
          a subsidiary thereof because of death, disability or normal retirement
          upon  reaching  the age of  sixty-five;  or (C) in the event  that the
          Optionee is a non-employee member of the Company's Board of Directors,
          upon  retirement  from the Company's Board of Directors after reaching
          the age of seventy.

          (v)  Transferability.  In addition to the Optionee,  the Option may be
          exercised, to the extent exercisable by the Optionee, by the person or
          persons to whom the Optionee's rights under the Option pass by will or
          the laws of descent and distribution, by the spouse or the descendants
          of the  Optionee or by trusts for such  persons,  to whom or which the
          Optionee may have transferred the Option,  or by legal  representative
          of any of the  foregoing.  Any such  transfer  shall  be made  only in
          compliance  with the  Securities  Act of  1933,  as  amended,  and the
          requirements therefor as set forth by the Company.

     (b) The Board shall be free to specify terms and conditions  other than and
in addition to those set forth above, in its discretion.

     (c) All Option  Agreements shall  incorporate the provisions of the Plan by
reference.

     5.3 Option  Price.  No Option  granted  pursuant  to the Plan shall have an
Option  price that is less than the fair  market  value of Stock on the date the
Option is granted,  as determined by the Board.  The Option exercise price shall
be subject to adjustment as provided in Section 4.3 above.

     5.4 Payment. Payment for all shares of Stock shall be made at the time that
an Option,  or any part  thereof,  is  exercised,  and no shares shall be issued
until full payment therefor has been made. Payment shall be made (i) in cash, or
(ii) in Stock, or, if acceptable to the Board, in some other form.

     5.5  Repricing.  An  outstanding  Option  may be  repriced  after the grant
thereof to provide for a lower Option exercise price, whether through adjustment
or  amendment  to the Option  exercise  price,  issuance  of an amended  Option,
cancellation of the Option and issuance of a replacement Option, or by any other
means with substantially the same economic effect, with approval of the Board.

                                       4

<PAGE>

                                   ARTICLE VI
                        WRITTEN NOTICE, ISSUANCE OF STOCK
                      CERTIFICATES, SHAREHOLDER PRIVILEGES

     6.1 Written  Notice.  An Optionee  wishing to exercise an Option shall give
written notice to the Company,  in the form and manner  prescribed by the Board.
Full  payment  for the shares of Stock  acquired  pursuant  to the  Option  must
accompany the written notice.

     6.2  Issuance  of Stock  Certificates.  As soon as  practicable  after  the
receipt of written notice and payment, the Company shall deliver to the Optionee
a certificate or certificates for the requisite number of shares of Stock.

     6.3 Privileges of a Shareholder.  An Optionee or any other person  entitled
to  exercise an Option  under the Option  Agreement  shall not have  shareholder
privileges  with  respect to any Stock  covered by the Option  until the date of
issuance of a stock certificate for such Stock.

                                  ARTICLE VII
                               RIGHTS OF OPTIONEES

     Nothing in the Plan shall  interfere  with or limit in any way the right of
the  Company  or  a  subsidiary  corporation  to  terminate  any  employee's  or
consultant's  employment at any time, nor confer upon any employee or consultant
any right to continue in the employ of the Company or a subsidiary corporation.

                                  ARTICLE VIII
                          AMENDMENT, MODIFICATION, AND
                             TERMINATION OF THE PLAN

     The  Board  may at any time  terminate  and from  time to time may amend or
modify the Plan. Any amendment or  modification  of the Plan by the Board may be
accomplished  without  approval  of  the  shareholders  of the  Company,  unless
shareholder approval of such amendment or modification is required by any law or
regulation governing the Company.

     No amendment,  modification, or termination of the Plan shall in any manner
adversely  affect any  outstanding  Option under the Plan without the consent of
the Optionee holding the Option.

                                   ARTICLE IX
                       ACQUISITION, MERGER OR LIQUIDATION

     9.1 Acquisition.

     (a) In the event that an  acquisition  occurs with  respect to the Company,
the Company shall have the option,  but not the  obligation,  to cancel  Options
outstanding  as of the effective date of such  acquisition,  whether or not such
Options  are then  exercisable,  in return for  payment to the  Optionees  of an
amount equal to a reasonable  estimate of an amount  (hereinafter the "Spread"),
determined  by the Board,  equal to the  difference  between  the net amount per
share payable in the  acquisition  or as a result of the  acquisition,  less the
exercise price of the Option. In estimating the Spread, appropriate adjustments

                                       5

<PAGE>

to give effect to the  existence of the Options  shall be made,  such as deeming
the Options to have been  exercised,  with the Company  receiving  the  exercise
price payable thereunder, and treating the Stock receivable upon exercise of the
Options as being outstanding in determining the net amount per share.

     (b)  For  purposes  of  this  section,  an  "acquisition"  shall  mean  any
transaction in which  substantially  all of the Company's assets are acquired or
in which a controlling amount of the Company's  outstanding shares are acquired,
in each case by a single person or entity or an affiliated  group of persons and
entities.  For purposes of this section,  a  controlling  amount shall mean more
than fifty percent of the issued and outstanding shares of Stock of the Company.
The Company shall have the above option to cancel Options  regardless of how the
acquisition  is  effectuated,  whether by direct  purchase,  through a merger or
similar  corporate  transaction,  or otherwise.  In cases where the  acquisition
consists of the  acquisition of assets of the Company,  the net amount per share
shall be  calculated on the basis of the net amount  receivable  with respect to
shares upon a distribution and liquidation by the Company after giving effect to
expenses and charges, including but not limited to taxes, payable by the Company
before the liquidation can be completed.

     (c) Where the Company  does not  exercise its option under this Section 9.1
the  remaining  provisions  of  this  Article  IX  shall  apply,  to the  extent
applicable.

     9.2  Merger  or  Consolidation.  If the  Company  shall  be  the  surviving
corporation in any merger or  consolidation,  any Option granted hereunder shall
pertain to and apply to the securities to which a holder of the number of shares
of Stock  subject  to the  Option  would have been  entitled  in such  merger or
consolidation,  provided that the Company shall not be considered  the surviving
corporation for purposes hereof if the Company or any of its subsidiaries is the
survivor  of  a  reverse  triangular  merger  and  the  Company's   shareholders
immediately  prior to the merger and less than 50% of the value of the Company's
stock immediately after the merger.

     9.3 Other Transactions.  A merger and consolidation in which the Company is
not the surviving corporation (the Company shall not be considered the surviving
corporation for purposes hereof if the Company or any of its subsidiaries is the
survivor  of  a  reverse  triangular  merger  and  the  Company's   shareholders
immediately  prior to the merger and less than 50% of the value of the Company's
stock  immediately  after the  merger)  shall  cause  every  Option  outstanding
hereunder to terminate on the third  anniversary  date of the effective  date of
such merger or consolidation.  A dissolution or liquidation of the Company shall
cause every Option outstanding  hereunder to terminate  effective as of the date
of such dissolution or liquidation of the Company.  However,  if the Optionee is
offered a firm  commitment  whereby the resulting or surviving  corporation in a
merger or  consolidation  will tender to the Optionee an option (the "Substitute
Option") to  purchase  its shares on terms and  conditions  both as to number of
shares and  otherwise,  which will  substantially  preserve to the  Optionee the
rights and benefits of the Option outstanding  hereunder granted by the Company,
the  Option  shall  remain  exercisable  upon its  terms.  The Board  shall have
absolute and uncontrolled  discretion to determine whether the Optionee has been
offered a firm  commitment  and  whether  the  tendered  Substitute  Option will
substantially  preserve to the  Optionee  the rights and  benefits of the Option
outstanding hereunder.

                                       6

<PAGE>

                                   ARTICLE X
                             SECURITIES REGISTRATION

     10.1 Securities  Registration.  In the event that the Company shall deem it
necessary or desirable to register  under the Securities Act of 1933, as amended
(the  "Securities  Act"), or any other  applicable  statute,  any Options or any
Stock  with  respect  to which an Option  may be or shall  have been  granted or
exercised,  or to qualify any such Options or Stock under the Securities Act, or
any other statute,  then the Optionee shall  cooperate with the Company and take
such action as is  necessary to permit  registration  or  qualification  of such
Options or Stock.

     10.2 Representations.  Unless the Company has determined that the following
representation  is unnecessary,  each person exercising an Option under the Plan
may be required by the Company,  as a condition to the issuance of the shares of
Stock pursuant to exercise of the Option,  to make a  representation  in writing
(i) that he is acquiring  such shares for his own account for investment and not
with a view to, or for sale in connection  with,  the  distribution  of any part
thereof  within the  meaning of the  Securities  Act,  and (ii) that  before any
transfer  in  connection  with the  resale of such  shares,  he will  obtain the
written opinion of counsel for the Company,  or other counsel  acceptable to the
Company,  that such shares may be transferred without registration  thereof. The
Company may also require that the certificates  representing such shares contain
legends reflecting the foregoing.  To the extent permitted by law, including the
Securities Act,  nothing herein shall restrict the right of a person  exercising
an Option to sell the shares received in an open market transaction.

                                   ARTICLE XI
                                 TAX WITHHOLDING

     Whenever  shares  of Stock  are to be issued  in  satisfaction  of  Options
exercised  under the Plan,  the  Company  shall  have the power to  require  the
recipient of the Stock to remit to the Company an amount  sufficient  to satisfy
federal, state, and local withholding tax requirements, if any.

                                  ARTICLE XII
                                 INDEMNIFICATION

     To the extent  permitted  by law,  each  person who is or shall have been a
member of the Board or the Committee  shall be indemnified  and held harmless by
the Company against and from any loss, cost,  liability,  or expense that may be
imposed upon or reasonably  incurred by him in connection with or resulting from
any claim, action, suit, or proceeding to which he may be a party or in which he
may be involved  by reason of any action  taken or failure to act under the Plan
and against and from any and all amounts paid by him in settlement thereof, with
the Company's  approval,  or paid by him in satisfaction of judgment in any such
action,  suit, or proceeding  against him, provided he shall give the Company an
opportunity,  at its own  expense,  to  handle  and  defend  the same  before he
undertakes  to handle and defend it on his own behalf.  The  foregoing  right of
indemnification shall not be exclusive of any other rights of indemnification to
which  such  persons  may  be  entitled  under  the  Company's   certificate  of
incorporation or bylaws, as a matter of law, or otherwise, or any power that the
Company or a  Subsidiary  Corporation  may have to  indemnify  them or hold them
harmless.

                                       7
<PAGE>

                                  ARTICLE XIII
                               REQUIREMENTS OF LAW

     13.1  Requirements  of Law.  The  granting of Options  and the  issuance of
shares  of  Stock  upon the  exercise  of an  Option  shall  be  subject  to all
applicable  laws,  rules,  and  regulations,   and  to  such  approvals  by  any
governmental agencies or national securities exchanges as may be required.

     13.2  Governing  Law.  The Plan,  and all  agreements  hereunder,  shall be
construed in accordance with and governed by the laws of the State of Colorado.

                                  ARTICLE XIV
                             EFFECTIVE DATE OF PLAN

     The Plan shall be effective on September 21, 2004.

                                   ARTICLE XV
                        NO OBLIGATION TO EXERCISE OPTION

     The  granting  of an Option  shall  impose no  obligation  upon the  holder
thereof to exercise such Option.

     THIS STOCK OPTION PLAN was adopted by the Board of Directors of the Company
on May 6, 2005.

                                           By: /s/ John McKowen
                                               -------------------------------
                                                   John R. McKowen, President

                                       8

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