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BriteWater International, Inc.	9 Months Ended
Sep. 30, 2014
Britewater International Inc.
BriteWater International, Inc.	(2) BRITEWATER INTERNATIONAL, INC. Our wholly-owned BWI subsidiary owns a patented oilfield emulsion breaking technology. This is a continuous process technology that can purify oilfield emulsions by breaking and separating the emulsions into oil, water and solids, thereby reducing the environmental impact and disposal costs of these waste materials while recovering valuable oil. BWI has completed the design, construction and installation of its first set of standardized modules which can be used for both upstream and downstream applications in the oil and gas industry, including processing oilfield and refinery emulsions to recover valuable oil and oil spill remediation. BWI’s wholly-owned subsidiary, Arctic Star Alaska, Inc. (“Arctic Star”) is in the process of commissioning these modules and establishing operations as a mobile waste processing plant on the North Slope of Alaska. Arctic Star currently holds contracts which grant Arctic Star the option to take title to oilfield waste generated in certain fields on the North Slope at no cost and sell any recovered crude volumes at market prices. The Company continues negotiations to enter into additional feedstock supply agreements, one of which was obtained in April 2014. Arctic Star also entered into an agreement for the sale of 100% of its product on the North Slope during April 2014. BWI also has a completed purpose-built plant which was designed to break emulsions found in weathered lagoon pits. BWI Contingency – BWI has a contingent liability of $800 thousand which may be payable upon the conclusion of certain performance events related to its weathered lagoon plant. There were no changes to the BWI liability recorded during the nine months ended September 30, 2014.

BriteWater International, Inc.

9 Months Ended

Sep. 30, 2014

(2) BRITEWATER INTERNATIONAL, INC.

Our wholly-owned BWI subsidiary owns a patented oilfield emulsion breaking technology. This is a continuous process technology that can purify oilfield emulsions by breaking and separating the emulsions into oil, water and solids, thereby reducing the environmental impact and disposal costs of these waste materials while recovering valuable oil. BWI has completed the design, construction and installation of its first set of standardized modules which can be used for both upstream and downstream applications in the oil and gas industry, including processing oilfield and refinery emulsions to recover valuable oil and oil spill remediation.

BWI’s wholly-owned subsidiary, Arctic Star Alaska, Inc. (“Arctic Star”) is in the process of commissioning these modules and establishing operations as a mobile waste processing plant on the North Slope of Alaska. Arctic Star currently holds contracts which grant Arctic Star the option to take title to oilfield waste generated in certain fields on the North Slope at no cost and sell any recovered crude volumes at market prices. The Company continues negotiations to enter into additional feedstock supply agreements, one of which was obtained in April 2014. Arctic Star also entered into an agreement for the sale of 100% of its product on the North Slope during April 2014.

BWI also has a completed purpose-built plant which was designed to break emulsions found in weathered lagoon pits.

BWI Contingency – BWI has a contingent liability of $800 thousand which may be payable upon the conclusion of certain performance events related to its weathered lagoon plant. There were no changes to the BWI liability recorded during the nine months ended September 30, 2014.