X0203 3 2008-08-18 0 0001292518 Blackwater Midstream Corp. BWMS 0001443727 Chatagnier Dale T 4006 HIGHWAY 44 GARYVILLE LA 70051 0 1 0 0 COO/Secretary Common Stock 120173 D Stock Options 2.60 Common Stock 480690 D Such restricted shares of common stock vest on November 14, 2008, so long as Mr. Chatagnier is at that time still an employee of the Issuer. Such options vest (i) based on the completion of certain performance objectives established by the Issuer's board of directors, and (ii) immediately in the event Mr. Chatagnier's employment is terminated without cause. The options expire on November 14, 2018. /s/ Dale T. Chatagnier 2008-08-25