Document:

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                                                                    Exhibit 10.3

The rights evidenced by this certificate and the securities issuable upon the
exercise of the Rights have not been registered under the Securities Act of
1933, as amended, and may not be sold, transferred, assigned or hypothecated
unless there is an effective registration statement under such act covering the
transfer of such securities or the Company receives an opinion of counsel for
the holder of these securities reasonably satisfactory to the Company stating
that such sale, transfer, assignment or hypothecation is exempt from the
registration and prospectus delivery requirements of such act.

                         RIGHTS TO PURCHASE COMMON STOCK

CERTIFICATE NO. 1                                              16,000,000 RIGHTS

                                DECEMBER 6, 2002

            Navidec, Inc. ("Parent Company") certifies that, for valuable
consideration, receipt of which is hereby acknowledged, that Interactive Capital
("Holder") is entitled to purchase from the Company 16,000,000 shares (the
"Right Shares") of Navidec Capital, Inc. ("Company") no par value common stock
(the "Common Stock") at the price of one share of the Parent Company's common
stock per one hundred and seventy two point eight (172.8) Right Share ("Purchase
Price").

            1.    Exercise.

                  a. Time of Exercise. This Right may be exercised in whole or
      in part (but not as to fractional shares) at the office of the Parent
      Company, at any time or from time to time on or after December ___, 2002,
      provided, however, that this Right shall expire and be null and void if
      not exercised in the manner herein provided, by the earlier of 5:00 p.m.
      Denver, Colorado time on December __, 2007, or 30 days after the date of
      Sale of the Company the "Expiration Date."

                  b. Manner of Exercise. This Right is exercisable at the
      Purchase Price, payable in Common Stock of the Parent Company, subject to
      adjustment as provided in Section 2 hereof. Upon surrender of this Right
      with the annexed Subscription Form duly executed, together with payment of
      the Purchase Price for the Right Shares purchased (and any applicable
      transfer taxes) at the offices of the Parent Company, the Holder shall be
      entitled to receive a certificate or certificates for the Right Shares so
      purchased.

                  c. Delivery of Stock Certificates. As soon as practicable, but
      not exceeding 10 days, after complete or partial exercise of this Right,
      the Company, at its expense shall cause to be issued in the name of the
      Holder (or upon payment by the Holder of any applicable transfer taxes,
      the Holder's assigns) a certificate or certificates for the number of
      fully paid and non-assessable Right Shares to which the Holder shall be
      entitled upon such exercise determined in accordance with Section 2
      hereof.

                  d. Record Date of Issuance of Right Shares. Irrespective of
      the date of issuance and delivery of certificates for any Right Shares
      issuable upon the exercise of this Right, each person (including a
      corporation or partnership) in whose name any such certificate is to be
      issued shall for all purposes be deemed to have become the holder of
      record of the Right Shares represented thereby immediately prior to the
      close of business on the date on which a duly executed Subscription Form
      containing notice of exercise of this Right and payment of the Purchase
      Price is received by the Parent Company.
<PAGE>
            2.    Adjustment of Purchase Price. The Purchase Price shall be
subject to adjustment as follows:

                  a. In case the Company or Parent Company shall (i) pay a
      dividend in shares of its capital stock (other than an issuance of shares
      of capital stock to holders of Common Stock who have elected to receive a
      dividend in shares in lieu of cash), (ii) subdivide its outstanding shares
      of Common Stock, (iii) reduce, consolidate or combine its outstanding
      shares of Common Stock into a smaller number of shares, or (iv) issue by
      reclassification of its shares of Common Stock any shares of capital stock
      of the Company or Parent Company, the Purchase Price in effect immediately
      prior to thereto shall be adjusted to that amount determined by
      multiplying the Purchase Price in effect immediately prior to such date by
      a fraction, of which the numerator shall be the number of shares of Common
      Stock outstanding on such date before giving effect to such divisions,
      subdivision, reduction, combination or consolidation or stock dividend and
      of which the denominator shall be the number of shares of Common Stock
      after giving affect thereto. The number of shares issuable shall also be
      adjusted upward or downward determined by multiplying the number of Rights
      owned by the Holder by a fraction of which the denominator shall be the
      number of shares of Common Stock outstanding on such date before giving
      effect to such divisions, subdivision, reduction, combination or
      consolidation or stock dividend and of which the numerator shall be the
      number of shares of Common Stock after giving affect thereto. Such
      adjustment shall be made successively whenever any such effective date or
      record date shall occur. An adjustment made pursuant to this subsection
      (a) shall become effective retroactively to the effective date immediately
      after the record date in the case of a dividend and shall become effective
      immediately after the effective date in the case of a subdivision,
      reduction, consolidation, combination or reclassification.

                  b. If the Common Stock issuable upon the conversion of the
      Right shall be changed into the same or a different number of shares of
      any class or classes of stock, whether by capital reorganization,
      reclassification or otherwise (other than a subdivision or combination of
      shares or stock dividend provided for above, or a reorganization, merger,
      consolidation or sale of assets provided for in this Section 2), then, and
      in each such event, the Holder of this Right shall have the right
      thereafter to convert such Right into the kind and amount of shares of
      Common Stock and other securities and property receivable upon such
      reorganization, reclassification, or other change by the Holders of the
      number of shares of Common Stock into which such Right might have been
      converted, as reasonably determined by the Company's board of directors,
      immediately prior to such reorganization, reclassification, or change, all
      subject to further adjustment as provided herein.

                  c. If at any time or from time to time there shall be a
      capital reorganization of the Common Stock (other than a subdivision,
      combination, reclassification or exchange of shares provided for elsewhere
      in this Section 2) or a merger or consolidation of the Company or Parent
      Company with or into another corporation, or the sale of all or
      substantially all of the Company's or Parent Company's properties and
      assets to any other person, then, as a part of such reorganization,
      merger, consolidation or sale, provision shall be made as reasonably
      determined by the Company's or Parent Company's board of directors so that
      the Holder of the Right shall thereafter be entitled to receive upon
      conversion of such Right, the number of shares of stock or other
      securities or property of the Company or of the successor corporation
      resulting from such merger or consolidation or sale, to which a holder of
      Common Stock deliverable upon conversion would have been entitled on such
      capital reorganization, merger, consolidation or sale.

                                       2
<PAGE>
                  d. The adjustments provided for in this Section 2 are
      cumulative and shall apply to successive divisions, subdivisions,
      reductions combinations, consolidations, issues, distributions or other
      events contemplated herein resulting in any adjustment under the
      provisions or this section, provided that notwithstanding any other
      provision of this section, no adjustment of the Purchase Price shall be
      required unless such adjustment would require an increase or decrease of
      at least 1% in the Purchase Price then in effect; provided, however, that
      any adjustments which by reason of this subsection (a) are not required to
      be made shall be carried forward and taken into account in any subsequent
      adjustment.

                  e. Upon each adjustment of the Purchase Price, the Parent
      Company shall give prompt written notice thereof addressed to the Holder
      at the address of such Holder as shown on the records of the Parent
      Company, which notice shall state the Purchase Price resulting from such
      adjustment and the increase or decrease, if any, in the number of Right
      Shares issuable upon the conversion of the Holder's Rights, setting forth
      in reasonable detail the method of calculation and the facts upon which
      such calculations are based.

                  f. In the event of any question arising with respect to the
      adjustments provided for in this Section 2, such question shall be
      conclusively determined by an opinion of independent certified public
      accountants appointed by the Parent Company (who may be the auditors of
      the Company) and acceptable to the Holder of this Right. Such accountants
      shall have access to all necessary records of the Company and Parent
      Company, and such determination shall be binding upon the Parent Company,
      Company and the Holder.

                  g. The Parent Company may in its sole discretion and without
      any obligation to do so reduce the Purchase Price then in effect by giving
      15 days' written notice to the Holders. The Parent Company may limit such
      reduction as to its temporal duration or may impose other conditions
      thereto in its sole discretion.

            3.    Restriction on Transfer. The Holder, by its acceptance hereof,
represents, warrants, covenants and agrees that (i) the Holder has knowledge of
the business and affairs of the Company, and (ii) this Right and the Right
Shares issuable upon the exercise of this Right are being acquired for
investment and not with a view to the distribution hereof and that absent an
effective registration statement under the Securities Act of 1933, as amended
(the "Act") covering the disposition of this Right or the Right Shares issued or
issuable upon exercise of this Right, they will not be sold, transferred,
assigned, hypothecated or otherwise disposed of without first providing the
Company with an opinion of counsel (which may be counsel for the Company) or
other evidence, reasonably acceptable to the Company, to the effect that such
sale, transfer, assignment, hypothecation or other disposal will be exempt from
the registration and prospectus delivery requirements of the Act and the
registration or qualification requirements of any applicable state securities
laws. The Holder consents to the making of a notation in the Company's records
or giving to any transfer agent of the Right or the Right Shares an order to
implement such restriction on transferability.

            4.    Payment of Taxes. All Right Shares issued upon the exercise of
this Right shall be validly issued, fully paid and non-assessable and the
Company shall pay all taxes and other governmental charges (other than income
tax) that may imposed in respect of the issue or delivery thereof. The Company
shall not be required, however, to pay any tax or other charge imposed in
connection with any transfer involved in the issue of any certificate for Right
Shares in any name other than that of the Holder surrendered in connection with
the purchase of such Right Shares, and in such case the Company shall not be
required to issue or deliver any stock certificate until such tax or other
charge has been paid or it has been established to the Company's satisfaction
that no tax or other charge is due.

                                       3
<PAGE>
            5.    Reservation of Common Stock. The Parent Company shall at all
times reserve and keep available out of its shares of the Company's Common
Stock, solely for the purpose of issuance upon the exercise of this Right, such
number of shares of Common Stock as shall be issuable upon the exercise hereof.
The Parent Company covenants and agrees that, upon exercise of this Right and
payment of the Purchase Price thereof, all Right Shares issuable upon such
exercise shall be duly and validly issued, fully paid and non-assessable.

            6.    Notices to Holder. Nothing contained in this Right shall be
construed as conferring upon the Holder hereof the right to vote or to consent
or to receive notice as a shareholder in respect of any meeting of shareholders
for the election of directors or any other matter or as having any rights
whatsoever as a shareholder of the Company. All notices, requests, consents and
other communications hereunder shall be in writing and shall be deemed to have
been duly made when delivered or mailed by registered or certified mail, postage
prepaid, return receipt requested:

                  a.    If to the Holder, to the address of such Holder as shown
                        on the books of the Company, or

                  b.    If to the Parent Company, to 6399 S Fiddlers Green
                        Circle, Suite 300, Greenwood Village, Colorado 80111 or
                        to any other address notice of which is delivered to the
                        Holder by regular mail.

                  c.    If to the Company, to 6399 S Fiddlers Green Circle,
                        Suite 300, Greenwood Village, Colorado 80111 or to any
                        other address notice of which is delivered to the Holder
                        by regular mail.

            7.    Replacement of Right. Upon receipt of evidence reasonably
satisfactory to the Parent Company of the ownership of and the loss, theft,
destruction or mutilation of this Right and (in case of loss, theft or
destruction) upon delivery of an indemnity agreement in an amount reasonably
satisfactory to the Company, or (in the case of mutilation) upon surrender and
cancellation of the mutilated Right, the Parent Company will execute and
deliver, in lieu, thereof, a new Right of like tenor.

            8.    Successors. All the covenants, agreements, representation and
warranties contained in this Right shall bind the parties hereto and their
respective heirs, executors,. Administrators, distributes, successors and
assigns.

            9.    Changes or Waiver. Neither this Right nor any term hereof may
be changed, waived, discharged or terminated orally but only by an instrument in
writing signed by the party against which enforcement of the change, waiver,
discharge or termination is sought.

            10.   Headings. The section headings in this Right are inserted for
purposes of convenience only and shall have no substantive effect.

            11.   Governing Law. This Right shall for all purposes be construed
and enforced in accordance with, and governed by, the internal laws of the
United States and the State of Colorado, without giving effect to principles of
conflict of laws.

            IN WITNESS WHEREOF, the Company has caused this Right to be signed
by its duly authorized officer and this Right to be dated as of the date first
above written.

                                       4
<PAGE>
                                       NAVIDEC, INC.

                                       By: /s/ Ralph Armijo
                                          --------------------------------------
                                               Ralph Armijo, President

                                       Countersigned:

                                       By: /s/
                                          --------------------------------------
                                               Secretary

                                       5
<PAGE>
                                    EXHIBIT A

                                SUBSCRIPTION FORM

     (To be executed by the registered Holder in order to exercise the Right)

            The undersigned hereby irrevocably elects to exercise the right to
purchase of the Right Shares covered by this Right according to the conditions
hereof and herewith makes payment of the Purchase Price of such Right Shares in
full.

                  No. of Rights Exercised____________________________

                  Amount of exercise price delivered $_____________________

                  Dated___________________, ______.

                              __________________________________________________
                              Signature (must be as listed on Right Certificate)

                              Name Right Shares to be issued to:

                              __________________________________________________

                              Address for delivery:

                              __________________________________________________

                              __________________________________________________

                              __________________________________________________

                                       6<PAGE>
                                                                    Exhibit 10.4

                              EMPLOYMENT AGREEMENT

THIS EMPLOYMENT AGREEMENT (the "Agreement") is made as of the twenty-ninth day
of November 2002, by and between John McKowen, an individual ("Employee"), and
Navidec Capital, Inc., a Colorado corporation (the "Company") a wholly owned
subsidiary of Navidec, Inc. a Colorado corporation (the "Parent Company").

WHEREAS, the Company and Employee desire to enter into a formalized employment
arrangement; and

WHEREAS, the Company has determined that it is in the best interests of the
Company and its stockholders to enter into this Agreement setting forth the
rights, obligations and duties of both the Company and the Employee; and

WHEREAS, the Company wishes to assure itself of the services of the Employee for
the period hereinafter provided, and the Employee is willing to be employed by
the Company for said period, upon the terms and conditions provided in this
Agreement.

IN CONSIDERATION of the mutual covenants and promises herein contained, and
subject to the terms and conditions herein set forth, Employee and the Company
hereby agree as follows:

      1. Term of Employment; Duties.

      (a) The "Term of Employment" shall commence on the date of this Agreement
and shall continue for an initial term of two (2) years unless earlier
terminated as provided in this Agreement (the "Initial Term"). After the Initial
Term, the Term of Employment will automatically renew for successive one (1)
year terms unless and until either party delivers notice of termination to the
other within thirty (90) days of the expirations of the then current term.

      (b) During the Term of Employment, the Company shall employ Employee, and
Employee shall work for the Company, as President of the Company. In such
capacity, Employee shall perform such duties as are traditional and customary to
that position and as may be reasonably directed by the Board of Directors of the
Company (the "Board").

      (c) During the Term of Employment, except as set forth below, Employee
shall devote full time and effort to carrying out Employee's duties for the
Company hereunder, shall not engage in any activity which would be inconsistent
with such duties or with the objectives of the Business (as defined below), and
shall diligently perform Employee's obligations and discharge Employee's duties
hereunder. Provided, however, nothing in this Paragraph shall prevent Employee
from devoting time to managing investments, participating with charitable
organizations and trade groups or other similar activities. The "Business" of
the Company is to investigate, acquire, and manage business opportunities for
the Company.
<PAGE>
      2. Compensation. During the Term of Employment, the following compensation
and benefits shall be payable and provided to Employee:

      (a) Employee shall receive from the Company an annual base salary of sixty
thousand dollars ($60,000.00) ("Base Salary"), which shall be payable in
accordance with the standard practice of the Company in the payment of salaries
of its employees. Employee's Base Salary shall be adjusted according to the
following schedule when and if the Parent Company's common stock trades at or
above the price listed below for the 30 day period prior to the pay period:

<TABLE>
<CAPTION>
                     Common Stock*              Adjusted Base
                        Price                       Salary
<S>                                                <C>
                       $  3.60                     $ 90,000
                       $  7.20                     $120,000
                       $ 14.40                     $150,000
                       $ 28.80                     $180,000
</TABLE>

* Post stock split of 1:18 on December 4, 2002.

No less frequently than annually, the Base Salary will be reviewed and may be
adjusted upward at the discretion of the Board.

      Employee shall be entitled to 250,000 options in the parent company at an
exercise price of $.10 ($1.80 post stock split on December 4, 2002).

      Employee shall be entitled to 4,500,000 options in the Company at the
current market value.

      (b) The Company shall provide Employee with such medical, hospitalization,
insurance, including but not limited to disability insurance, pension plan,
profit sharing and employee benefits and such other similar employment
privileges and benefits ("Benefits") as are afforded generally from time to time
to other executive employees of the Company, and four (4) weeks paid vacation
each year.

      (c) At the sole discretion of the Board, Employee shall receive in
addition to his Base Salary annual incentive compensation (an "Annual Bonus") in
an amount and in a form to be determined by the Board upon the advice of the
Compensation Committee.

      (d) Employee shall be entitled to receive prompt reimbursement for all
reasonable employment-related expenses incurred by Employee, upon the receipt by
the Company of an accounting in accordance with the practices, policies and
procedures applicable to other executive employees of the Company.
<PAGE>
      3. Early Termination: Death. Notwithstanding anything to the contrary in
Paragraph 1 hereof, if Employee dies during the Term of Employment, the Term of
Employment shall terminate. Upon such termination, Employee's estate or
beneficiaries shall be entitled to receive Base Salary and Benefits earned and
accrued but unpaid through the date on which his death occurs. Employee's estate
shall receive Employee's Annual Bonus (if any), prorated for the number of
months during the fiscal year during which Employee was paid his Base Salary
("Prorated Annual Bonus"). The Prorated Annual Bonus shall be calculated and
paid in the ordinary course after completion of the fiscal year. In addition,
Employee's family ("Family") shall continue to receive health insurance coverage
("Family Health Insurance") during such one (1) year period, to the extent
permitted by the Company's health plan contract(s), or if not permitted, as
purchased by the Company at no cost to the Family. The parties shall have no
further obligation under this Agreement.

      4. Early Termination: Disability. Notwithstanding anything to the contrary
in Paragraph 1 hereof, if Employee has at any time been unable, by virtue of
illness or other physical or mental disability, to perform substantially and
continuously the duties assigned to Employee under this Agreement for a period
of ninety (90) consecutive days or one hundred twenty (120) calendar days out of
any period of one hundred eighty (180) consecutive calendar days during the Term
of Employment and the Board has received a medical opinion from a physician
reasonably acceptable to both the Company and the Employee that Employee remains
disabled after said period ("Disability"), then the Company shall have the right
to terminate the Term of Employment upon notice to Employee. Upon such
termination, Employee shall be entitled to receive any Base Salary and Benefits
earned and accrued but unpaid through the date of termination, including,
without limitation, the additional disability insurance described in Paragraph
2(b) hereof. In addition, the Employee shall have the right to receive a
Prorated Annual Bonus to the date of termination. Employee and Family shall
continue to receive health insurance coverage during a one (1) year period
following termination, to the extent permitted by the Company's health plan
contract(s), or if not permitted, as purchased by the Company at no cost to the
Family. The parties shall have no further obligation under this Agreement except
that Employee shall not be relieved of Employee's obligations under Paragraph 8.

      5. Early Termination: Termination by the Company for Cause.
Notwithstanding anything to the contrary in Paragraph 1 hereof, the Term of
Employment may be terminated by the Company upon notice to Employee for "Cause."
The term "Cause" shall mean Employee's (a) final, unappealable conviction of a
felony involving fraud, dishonesty or moral turpitude; (b) willful or
intentional violation of Paragraph 8 of this Agreement which breach is not cured
within thirty (30) days after Employee's receipt of written notice from the
Company; or (c) willful or intentional material breach of this Agreement which
breach is not cured within thirty (30) days after Employee's receipt of written
notice from the Company. Upon such termination, Employee shall be entitled to
receive any Base Salary and Benefits earned and accrued but unpaid through the
date of termination and a Prorated Annual Bonus. The parties shall have no
further obligation
<PAGE>
under this Agreement except that Employee shall not be relieved of Employee's
obligations under Paragraph 8.

      6. Early Termination: Termination by the Company. In the event that the
Term of Employment is terminated by the Company without Cause, Employee shall be
entitled to receive (a) Base Salary and Benefits earned and accrued but unpaid
through the date of termination; (b) a lump sum cash payment, net of any
applicable withholding taxes, in an amount equal to two times the Base Salary in
effect at the time of termination plus two times the Annual Bonus paid to
Employee for the last fiscal year prior to termination; (c) continuation of
Benefits to the extent allowed under Company plans until two (2) years from the
date of termination; and (d) notwithstanding any provision to the contrary in
any plan or agreement relating to stock options for shares of the Company,
immediate vesting of all of Employee's non-vested options for shares of the
Company's capital stock ("Accelerated Option Vesting") (collectively, the
"Severance Payments"). In the event the Company cannot, pursuant to any of its
benefits plans, pay any Benefits under such plan, Employee shall be entitled to
a lump sum payment equal to the after-tax value of such Benefits. The parties
shall have no further obligation under this Agreement. Employee acknowledges and
agrees that payment of Severance Payments pursuant to this Agreement shall be
conditioned upon the Company's receipt of a release, in form satisfactory to the
Company, of all claims that Employee may have against the Company, its
directors, officers, employees and/or agents and the Employee's satisfaction of
the requirements of Paragraph 8 below.

      7. Early Termination: Resignation by the Employee.

      (a) For Good Reason.

      (i) Notwithstanding anything to the contrary in Paragraph 1 hereof, the
Term of Employment may be terminated by Employee upon notice to the Company for
"Good Reason." For purposes of this Agreement, "Good Reason" includes the
occurrence of any of the following circumstances, without Employee's express
consent: (i) any termination (including, without limitation, a termination
occasioned by non-renewal of the Term of Employment), other than for Cause,
occurring within one (1) year following a Change in Control (as defined below);
(ii) a material adverse change or material diminution in Employee's position,
duties, reporting relationships or responsibilities (as reasonably determined by
Employee in his good faith discretion); (iii) a change in the required location
of the performance of Employee's duties; (iv) a reduction in either Employee's
annual rate of Base Salary or level of participation in any non-discretionary
bonus plan for which he is eligible under Paragraph 2(c); (v) an elimination or
reduction of Employee's participation in any benefit plan generally available to
executive employees of the Company, unless the Company continues to offer
Employee benefits substantially similar to those made available by such plan; or
(vi) a breach of this Agreement by the Company which is not cured within sixty
(60) days of written notice to the Company. Employee's continued employment will
not constitute consent to, or a waiver of rights with respect to, any
circumstance constituting Good Reason; provided, however, that Employee will be
deemed to have waived his rights pursuant to the circumstances
<PAGE>
constituting Good Reason set forth in clauses (ii) through (vi) of the preceding
sentence if he has not provided to the Company a notice of termination
(described below) within ninety (90) days following his knowledge of the
circumstances constituting Good Reason.

      (ii) Upon such termination for Good Reason, Employee shall be entitled to
receive the Severance Payments as described in Paragraph 6 of this Agreement. In
the event the Company cannot, pursuant to any of its benefits plans, pay any
Benefits under such plan, Employee shall be entitled to a lump sum payment equal
to the after-tax value of such benefits. The parties shall have no further
obligation under this Agreement except that Employee shall not be relieved of
Employee's obligations under Paragraph 8.

      (iii) Any termination of Employee's employment by Employee must be
communicated by written notice of termination to the Company in accordance with
Paragraph 20 which notice must set forth in reasonable detail the facts and
circumstances claimed to provide a basis for termination of Employee's
employment under this Paragraph 7.

      (b) Other than for Good Reason. In the event that the Term of Employment
is terminated by Employee other than as set forth in Paragraph 7(a) above,
Employee shall be entitled to receive Base Salary and Benefits earned and
accrued but unpaid through the date of termination. The parties shall have no
further obligation under this Agreement except that Employee shall not be
relieved of Employee's obligations under Paragraph 8.

      8. Confidentiality and Non-Competition.

      (a) Employee acknowledges that Employee has had or shall have unlimited
access to Confidential Information (as defined below) and business methods
relating to the Company's Business and operations and that the Company would be
injured and the goodwill of the Company would be damaged if Employee were to
breach the covenants set forth in this Paragraph 8. Employee further
acknowledges that the covenants set forth in this Paragraph 8 are reasonable in
scope and duration. "Confidential Information" shall include (i) specific
business strategies relating to the Company's Business, as its Business is being
conducted at the time of any alleged breach of this Section 8; (ii)
methodologies of pricing used by the Business; (iii) customer lists; and (iv)
all other information reasonably deemed by the Company to be confidential and/or
proprietary in nature that Employee knows, or should reasonably know, is
confidential and/or proprietary.

      (b) During the Term of Employment and thereafter, except as may be
required by law or necessary in connection with any dealings with any public
agency or authority, Employee shall not disclose, disseminate, divulge, discuss,
copy or otherwise use or suffer to be used, in competition with, or in a manner
harmful to the interests of, the Company, any written Confidential Information
respecting any material aspect of the Company's Business, excepting only use of
such data or information as is (i) at the time disclosed, through no act or
failure to act on the part of Employee, generally known or available; (ii)
furnished to Employee by a third party as a matter of right and without
<PAGE>
restriction on disclosure; or (iii) required to be disclosed by court order.
Upon termination of the Term of Employment, Employee shall return to the Company
or, at the Company's direction destroy, any and all materials in tangible or
electronic form containing confidential information belonging to the Company.

      (c) During the Term of Employment and for a period of two (2) years
thereafter (except in the event this Agreement is terminated by the Company
pursuant to Paragraph 6 or this Agreement is terminated by the Employee pursuant
to Paragraph 7(a) and Employee has waived his right to collect the Severance
Payments), Employee shall not in North America, or in any international market
in which the Company is, as of the date of termination, doing business, conduct
the Business, directly or indirectly, whether as an individual on Employee's own
account, or as a shareholder, partner, joint venturer, director, officer,
employee, consultant, creditor and/or agent, of any person, firm or organization
or otherwise:

      (i) own, manage, control or participate in the ownership, management or
control of, or be employed or engaged by or otherwise affiliated or associated
as a consultant, independent contractor or otherwise with, any other
corporation, partnership, proprietorship, firm, association or other business
entity or otherwise engage in any business that is engaged in, or otherwise
directly competes with, the Business of the Company or any of the Company's
Subsidiaries (as defined herein), as such Business is conducted on the date
Employee ceases to be employed by the Company, in any capacity, including as a
consultant;

      (ii) solicit any person who, at the time of termination, is an employee or
officer of the Company or any Subsidiary, or a customer of the Business of the
Company or any Subsidiary (in its capacity as a customer of the Business) to
terminate his, her or its relationship with the Company or the Business (in the
case of a customer);

      (iii) solicit any supplier of the Company or any Subsidiary (in its
capacity as a supplier of the Business), to refuse to do business with the
Company or any Subsidiary, or to do business on any less favorable terms than
the Supplier's previous terms with the Company or its Subsidiary, as the case
may be; or

      (iv) engage in disparagement (which shall not include the providing of
accurate information without invidious intent) of the Company or any Subsidiary
by any means to any person.

      (d) Notwithstanding anything herein to the contrary, Employee shall be
permitted to own shares of any class of capital stock of any publicly held
corporation so long as the aggregate holdings of Employee represent less than
two percent (2%) of the outstanding shares of such class of capital stock.
<PAGE>
      9. Change in Control.

      (a) If there is a Change in Control (as defined below), Employee shall be
entitled to Accelerated Option Vesting.

      (b) For purposes of this Agreement, a "Change in Control" will occur

      (i) upon the sale or other disposition to a person, entity or group (as
defined for purposes of Section 13(d) of the Securities Exchange Act of 1934, as
amended) (each, a "Person") of 50% or more of the consolidated assets of the
Company taken as a whole, ( ii) if any Person, other than Navidec, Inc., a
Colorado corporation, becomes the beneficial owner of, or has the right to
acquire (by contract, option, warrant, conversion of convertible securities or
otherwise), 50% or more of the outstanding equity securities of the Company
entitled to vote for the election of directors; and (iii) upon the merger,
consolidation or reorganization with another corporation. Notwithstanding
anything herein to the contrary, a "Change in Control" does not occur upon an
initial public offering of the Company's equity securities pursuant to an
effective registration statement under the Securities Act of 1933, as amended,
or upon a transaction, merger, consolidation or reorganization in which the
Company exchanges or offers to exchange newly issued or treasury shares in an
amount less than 50% of the then outstanding equity securities of the Company
entitled to vote for the election of directors, for 51% or more of the
outstanding equity securities entitled to vote for the election of at least the
majority of the directors of a corporation (the "Acquired Corporation"), or for
all or substantially all of the assets of the Acquired Corporation.

      (c) If all or any portion of the amount payable to Employee under this
Agreement, either alone or together with other amounts that Employee is entitled
to receive in connection with a Change in Control constitutes "excess parachute
payments," within the meaning of Section 280G of the Internal Revenue Code of
1986, as amended (the "Code"), or successor provision, that are subject to the
excise tax imposed by Section 4999 of the Code (or any similar tax or
assessment), the amounts payable to Employee under this Agreement will be
increased to the extent necessary to place Employee in the same after-tax
position as Employee would have been in had no such excise tax or assessment
(including any interest or penalties thereon) been imposed on any such payment
paid or payable to Employee under this Agreement or any other payment that
Employee may receive as a result of such Change in Control. The determination of
the amount of any such tax or assessment and the resulting amount of incremental
payment required by this Paragraph 9(c) will be made by the independent
accounting firm employed by the Company immediately prior to the applicable
Change in Control, within thirty (30) calendar days after the payment of the
amount payable to Employee under this Agreement which triggered an incremental
payment under this Paragraph 9(c), and such incremental payment will be made
within five (5) business days after the determination has been made.
<PAGE>
      10. Rights and Remedies Upon Breach.

      (a) Employee expressly agrees and understands that the remedy at law for
any breach by Employee of Paragraph 8 may be inadequate and that the damages
flowing from such breach may not be readily susceptible to being measured in
monetary terms. Accordingly, it is acknowledged that upon adequate proof of
Employee's violation of Paragraph 8, the Company may be entitled, among other
remedies, to injunctive relief and may obtain a temporary restraining order
restraining any threatened or further breach. Nothing in this Paragraph 10(a)
shall be deemed to limit the Company's remedies at law or in equity for any
breach by Employee of any of the provisions of this Agreement which may be
pursued or availed of by the Company.

      (b) In the event any court of competent jurisdiction determines that the
specified time period or geographical area set forth in Paragraph 8 is
unreasonable, arbitrary or against public policy, then a lesser time period or
geographical area that is determined by the court to be reasonable,
non-arbitrary and not against public policy may be enforced.

      (c) In the event the Company has asserted in a formal legal action that
Employee is violating any legally enforceable provision of Paragraph 8 as to
which there is a specific time period during which Employee is prohibited from
taking certain actions or engaging in certain activities, then, in such event
the violation shall toll the running of the time period from the date of the
assertion until the violation ceases.

      11. Expenses. Employee is authorized to incur reasonable expenses for
carrying out and promoting the business of the Company, including expenses for
entertainment, travel and similar items, but only in accordance with the
policies of the Company, as from time to time adopted.

      12. Withholding Taxes. All payments to Employee or his beneficiary shall
be subject to withholding on account of federal, state and local taxes as
required by law. If any payment hereunder is insufficient to provide the amount
of such taxes required to be withheld, the Company may withhold such taxes from
any other payment due Employee or his beneficiary. In the event all cash
payments due Employee are insufficient to provide the required amount of such
withholding taxes, Employee or his beneficiary, within five (5) days after
written notice from the Company, shall pay to the Company the amount of such
withholding taxes in excess of all cash payments due Employee or his
beneficiary.

      13. Assignability; Binding Nature. This Agreement shall be binding upon
and inure to the benefit of the parties and their respective successors, heirs
(in the case of Employee) and assigns. No rights or obligations of the Company
under this Agreement may be assigned or transferred by the Company, except in
connection with a Change in Control where the assignee or transferee agrees, in
writing, to assume such rights and obligations of the Company under this
Agreement. No obligations of Employee under this Agreement may be assigned or
transferred by Employee.
<PAGE>
      14. Entire Agreement. Except to the extent otherwise provided herein, this
Agreement contains the entire understanding and agreement between the parties
concerning the subject matter hereof and supersedes any prior agreements,
whether written or oral, between the parties concerning the subject matter
hereof.

      15. Amendment or Waiver. No provision in this Agreement may be amended
unless such amendment is agreed to in writing and signed by both Employee and an
authorized officer of the Company. No waiver by either party of any breach by
the other party of any condition or provision contained in this Agreement to be
performed by such other party shall be deemed a waiver of a similar or
dissimilar condition or provision at the same or any prior or subsequent time.
Any waiver must be in writing and signed by the Employee or an authorized
officer of the Company, as the case may be.

      16. Severability. In the event that any provision or portion of this
Agreement shall be determined to be invalid or unenforceable for any reason, in
whole or in part, the remaining provisions of this Agreement shall be unaffected
thereby and shall remain in full force and effect to the fullest extent
permitted by law.

      17. Survivorship. The respective rights and obligations of the parties
hereunder shall survive any termination of Employee's employment with the
Company to the extent necessary to the intended preservation of such rights and
obligations as described in this Agreement.

      18. Governing Law. This Agreement shall be governed by and construed and
interpreted in accordance with the laws of the State of Colorado, without
reference to principles of conflict of laws.

      19. Arbitration. With the sole exception of the injunctive relief
contemplated by Paragraph 10(a), any controversy or claim arising out of any
aspect of the relationship of the parties hereto, will be settled by binding
arbitration in Denver, Colorado by a panel of three arbitrators in accordance
with the Commercial Arbitration Rules of the American Arbitration Association.
Judgment upon any arbitration award may be entered in any court having
jurisdiction thereof and the parties consent to the jurisdiction of the courts
of the State of Colorado for this purpose.

      20. Notices. Any notice given to either party shall be in writing and
shall be effective when given, and shall in any event be deemed to be given upon
receipt, or if earlier, (a) five (5) days after deposit with the U.S. Postal
Service or other applicable postal service, if delivered by first class mail,
postage prepaid, (b) upon delivery, if delivered by hand, (c) one (1) business
day after the business day of deposit with Federal Express or similar overnight
courier, freight prepaid or (d) one (1) business day after the business day of
facsimile transmission, if delivered by facsimile transmission with copy by
first class mail, postage prepaid, and shall be duly addressed to the party
concerned at the address indicated below or to such changed address as such
party may subsequently give such notice of:
<PAGE>
                             If to the Company, to:
                          6399 S. Fiddlers Green Circle
                                    Suite 300
                           Greenwood Village, CO 80111
                               If to Employee, to:

                _________________________________________________

               _________________________________________________

                _________________________________________________

      21. Headings. The headings of the Paragraphs contained in this Agreement
are for convenience only and shall not be deemed to control or affect the
meaning or construction of any provision of this Agreement.

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

IN WITNESS WHEREOF, the parties hereto have executed or caused to be executed
this instrument on the date first above written.

/s/ John McKowen
-----------------------------------
John McKowen

/s/ J. Ralph Armijo
-----------------------------------
NAVIDEC CAPITAL, INC.
By: J. Ralph Armijo
-----------------------------------

Its: Director
-----------------------------------

/s/ J. Ralph Armijo
-----------------------------------
NAVIDEC, INC.
By:  J. Ralph Armijo
Its:  President and CEO

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