Document:

<PAGE>
Exhibit 4.1

           THIS SUBSCRIPTION AGREEMENT DOES NOT CONSTITUTE AN OFFER TO
           SELL OR THE SOLICITATION OF AN OFFER TO PURCHASE ANY OF THE
                         SECURITIES REFERRED TO HEREIN.

                             SUBSCRIPTION AGREEMENT

        This SUBSCRIPTION AGREEMENT (this "Subscription Agreement") is entered
into by and between the Investor signing the Signature Page attached hereto and
Blackwater Midstream Corp., a Nevada corporation (the "Corporation"). The
Corporation is offering for the sale of restricted shares of Common Stock at a
price of $2.00 per share. The Investor subscribes for and agrees to purchase the
following:

        Name of Investor:                  ____________
        Number of Shares Subscribed For:   ____________
        Cash Purchase Price ($2.00/ share):   ____________
        Address of Investor:               ____________________________
                                           ____________________________

        The amount of cash or good funds as tender of the purchase price for the
Shares is enclosed (in the case of a check, the check should be payable to the
order of "Blackwater Midstream Corp.") or will he sent via wire transfer to the
Corporation's account.

INVESTOR RIGHTS

        1. ANTI-DILUTION RIGHTS. Except for "Excluded Securities" described
below, in the event that the Corporation conducts any private placement of
shares of common stock for cash consideration at a price of less than 52.00 per
share, as adjusted for splits, combinations and similar events (the "Base
Price"), during the first year following the Investor's purchase of the Shares
(a "Dilutive Issuance"), so long as the Investor currently owns the Shares, then
Investor shall be entitled to receive for each Share purchased hereunder owned
as of the date of the Dilutive Issuance (the "Base Shares"), and for no
additional consideration; an additional amount of shares of common stock of the
Corporation equal to (i) the number of Base Shares divided by (ii) (X +Y)/(X+Z)
minus (iii) the number of Base Shares, where:

         X equals the number of common shares outstanding prior to the Dilutive
Issuance;

         Y equals the gross proceeds to the Corporation in the Dilutive Issuance
divided by the Base Price; and

        Z equals the number of shares sold in the Dilutive Issuance.

The anti-dilution provision of this Section I shall not apply to the issuance of
any shares of capital stock of the Corporation (i) issued upon the exercise of
any options, warrants or similar

                                       1
<PAGE>

rights outstanding as of the date of this Agreement or to he issued pursuant to
the 2008 Employee Incentive Plan to the maximum of the currently reserved
issuance thereunder, (ii) issued and sold in any public offering and (iii)
issued as a result of this Section 1 (collectively, the "Excluded Securities").

         2. PREEMPTIVE RIGHTS. In the event that the Corporation conducts any
private placement sale of shares of common stock during the first year following
the Investor's purchase of the Shares, and provided the Investor is still the
owner of all Shares purchased hereunder, the Investor shall be entitled to
purchase his pro rata portion of the shares offered for sale in the private
placement. An Investor's pro rata share shall be equal to the number of shares
offered for sale in the private placement multiplied by the Investor's
percentage ownership of the outstanding shares of common stock immediately prior
to such private placement. The Corporation shall provide the Investor fifteen
(15) days advance notice, including the material terms of such offering, and the
Investor shall provide its binding commitment to purchase its pro rata portion
no later than the 10th day following receipt of such notice. The Investor's
rights hereunder are subject to the completion of the private placement by the
Corporation and in the event the Corporation decides to abandon the private
placement for any reason the Investor's rights and commitment to purchase such
shares shall become null and void. The provisions of this Section 2 shall not
apply to the issuance of any Excluded Securities.

INVESTOR REPRESENTATIONS

        The Investor hereby represents and warrants to, and covenants with, the
Corporation as follows, recognizing that the Corporation will rely to a material
degree on such representations, warranties and covenants, each of which shall
survive any acceptance of this subscription in whole or in part by the
Corporation and the issuance and sale of any Shares to the Investor:

         1. ORGANIZATION AND GOOD STANDING. The Investor, if the Investor is a
corporation, partnership, trust or other entity, is duly organized, validly
existing AND IN good standing under the laws of the jurisdiction of its
organization and has full power, authority and legal right to execute, deliver
and perform its obligations under this Subscription Agreement.

         2. AGREEMENT DULY AUTHORIZED. The execution, delivery and performance
by the Investor of this Subscription Agreement has been duly authorized by all
necessary action, this Subscription Agreement has been duly executed and
delivered, and, when executed and delivered by the Corporation, this
Subscription Agreement will constitute the legal, valid, binding and enforceable
obligation of the Investor, subject to bankruptcy, insolvency, reorganization,
moratorium, fraudulent conveyance or other similar laws, regulations or
procedures of general applicability now or hereafter in effect relating to or
affecting creditors' or other obligees' rights generally and subject, as to
enforceability, to general principles of equity (regardless of whether
enforcement is sought in a proceeding in equity or at law).

         3. SOPHISTICATION OF INVESTOR. The Investor either (i) has a
pre-existing personal or business relationship with the Corporation or its
controlling persons, such as would enable a reasonably prudent purchaser to be
aware of the character and general business and financial circumstances of the
Corporation or its controlling persons, or (ii) by reason of the Investor's
business or Financial experience, individually or in conjunction with the

                                       2
<PAGE>

Investor's unaffiliated professional advisors who are not compensated by the
Corporation or any affiliate or selling agent of the Corporation, directly or
indirectly, is capable of evaluating the merits and risks of an investment in
the Shares, making an informed investment decision and protecting the Investor's
own interests in connection with the transactions contemplated hereby.

         4. STATEMENTS OF INVESTOR TRUE AND ACCURATE. All statements and
representations glade in Annex I attached hereto ("Nature of Investor; Form of
Ownership"), which has been or is being furnished concurrently herewith to the
Corporation by the Investor, continue to be and are true, accurate and complete
as of the date hereof The Investor agrees to provide such additional information
as reasonably may be required by the Corporation for compliance with the
securities laws of the state in which the Investor is located.

         5. INVESTOR AWARE OF RISKS. The Investor has been informed and is aware
that an investment in the Shares involves a high degree of risk and speculation,
and the Investor has read carefully and considered any information provided by
the Corporation and its affiliates in their entirety. The Investor has read and
understands the "Risk Factors" attached hereto as Exhibit A.

         6. INVESTOR RELYING UPON OWN ADVISORS. The Investor confirms that the
Investor has been advised that the Investor should rely on, and that the
Investor has consulted and relied on, the Investor's own accounting, legal and
financial advisors with respect to this investment in the Shares. The Investor
and the Investor's professional advisor(s), if any, have been afforded an
opportunity to meet with the officers and directors of the Corporation and to
ask and receive answers to all questions about this offering and the proposed
business and affairs of the Corporation and to obtain any additional information
that the Corporation possesses or can acquire without unreasonable effort or
expense, and the Investor and the Investor's professional advisor(s) therefore
have obtained, in the judgment of the Investor and/or the Investor's
professional advisor(s), sufficient information to evaluate the merits and risks
of investment in the Shares.

         7. SUITABILITY. The Investor understands and has fully considered for
purposes of this investment the risks of this investment and understands that
(i) this investment is suitable only for an investor who is able to bear the
economic consequences of losing the Investor's entire investment; (ii) the
Corporation is a starting a new business and has no significant operating
history in such business: (iii) the purchase of the Shares is a speculative
investment which involves a high degree of risk of loss by the Investor of the
Investor's entire investment, and (iv) there are substantial restrictions on the
transferability of, and there will he no public market for, the Shares, and
accordingly, it may not be possible for the Investor to liquidate the Investor's
investment in the Shares.

         8. ACCREDITED INVESTOR. The Investor is an "Accredited Investor" within
the meaning of Rule: 501 of Regulation D.

         9. LACK OF LIQUIDITY. The Investor is able (i) to bear the economic
risk of this investment, (ii) to hold the Shares for an indefinite period of
time, and (iii) to afford a complete loss of the Investor's investment; and
represents that the Investor has sufficient liquid assets so that the lack of
liquidity associated with this investment will not cause any undue financial
difficulties or affect the investor's ability to provide for the Investor's
current needs and possible financial contingencies.

                                       3
<PAGE>

         10. INVESTMENT INFORMATION. At the request of the Investor, the
Corporation may provide to the Investor various offering documents related to
the Corporation and the terms of the offer and sale of the Common Stock (the
"Offering Documents"). The Investor acknowledges that such Offering Documents,
if any, contain the views of the management of the Corporation, and that the
analysis of the market and of the Corporation's strategy contained therein
represents a subjective assessment about which reasonable persons could
disagree.

         11. ACCESS TO INFORMATION. The Investor, in making the Investor's
decision to purchase the Shares, has relied solely upon independent
investigations made by the Investor and the representations and warranties of
the Corporation contained herein and the Investor has been given (i) access to
all material hooks and records of the Corporation; (ii) access to all material
contracts and documents relating to this offering; and (iii) an opportunity to
ask questions of, and to receive answers from, the appropriate executive
officers and other persons acting on behalf of the Corporation concerning the
Corporation and the terms and conditions of this offering, and to obtain any
additional information, to the extent such persons possess such information or
can acquire it without unreasonable effort or expense, necessary to verify the
accuracy of the information set forth in the Offering Documents. The Investor
acknowledges that no valid request to the Corporation by the Investor for
information of any kind about the Corporation has been refused or denied by the
Corporation or remains unfulfilled as of the date thereof. The Investor has
carefully read the Offering Documents, including without limitation this
Subscription Agreement. In evaluating the suitability of an investment in the
Corporation, the Investor has not relied upon any representations or other
information (whether oral or written) other than as set forth in the Offering
Documents or as contained in any documents or answers to questions furnished by
the Corporation.

         12. NO ENDORSEMENT BY FEDERAL OR STATE AGENCIES. The Investor
understands and acknowledges that no federal or state agency has made any
finding or determination as to the fairness or suitability for investment in, or
any recommendation or endorsement of, the Corporation or the Shares.

         13. INVESTOR HAS EVALUATED RISKS. Based on the review of the materials
and information described above, and relying solely thereon and on the knowledge
and experience of the Investor and/or the Investor's professional advisor(s), if
any, in business and financial matters, the Investor has evaluated the merits
and risks of investing in the Shares and has determined that the Investor is
both willing and able to undertake the economic risk of this investment.

         14. SHARES ACQUIRED FOR PERSONAL ACCOUNT. NO VIEW TO DISTRIBUTION. The
Investor is acquiring the Shares for the personal account of the Investor for
investment and not with a view to, or for resale in connection with, any
distribution thereof or of any interest therein, and no one else has any
beneficial ownership or interest in the Shares being acquired by the Investor,
nor is any of the Shares being acquired by the Investor to be subject to any
lien or pledge. The Investor has no present obligation, indebtedness or
commitment pending, nor is any circumstance in existence, that will compel the
Investor to secure funds by the sale, transfer or other distribution of any of
the Shares or any interest therein.

         15. RESTRICTED SECURITIES. The Investor understands and acknowledges
that the Shares will be offered and sold, if at all, pursuant to one or more
exemptions from the registration and

                                       4
<PAGE>

qualification requirements of the Securities Act of 1933, as amended, and the
securities laws of the various states in which the Shares are sold, the
availability of which depend (in part) on the truth and completeness of the
information provided to the Corporation in Annex I attached hereto and the BONA
FIDE nature of the foregoing representations and warranties. With such
realization, the Investor hereby authorizes the Corporation to act as the
Corporation may see fit in reliance on such information, representations and
warranties, including the placement of the following or any substantially
similar legend on any stock certificate issued to the Investor in addition to
any other legend that may be imposed thereon that, in the opinion of the
Corporation's counsel, may be required by applicable securities laws:

        "THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED WITH THE
        SECURITIES AND EXCHANGE COMMISSION UNDER. THE SECURITIES ACT OF 1933, AS
        AMENDED, OR UNDER APPLICABLE STATE SECURITIES LAWS, RULES AND
        REGULATIONS. THESE SECURITIES MAY NOT BE PLEDGED, SOLD OR TRANSFERRED IN
        THE. ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACTS
        COVERING THE SECURITIES OR AN OPINION OF QUALIFIED COUNSEL OR OTHER
        EVIDENCE SATISFACTORY TO THE CORPORATION THAT SUCH REGISTRATION IS NOT
        REQUIRED."

         16. INDEMNIFICATION. "The Investor hereby indemnifies and holds
harmless the Corporation and the Corporation's respective officers, directors,
shareholders, employees, attorneys and agents, as the case may be, from and
against all damages suffered and liabilities of any kind incurred by any of them
(including costs of investigation and defense and attorneys' fees) arising out
of any inaccuracy in the agreements, representations, covenants and warranties
made by the Investor in this Subscription Agreement.

17. FIDUCIARY REPRESENTATIONS. If the Investor is purchasing the Shares
subscribed for hereby in a fiduciary capacity, then all of the foregoing
representations, warranties and covenants shall be deemed to have been made on
behalf of the person or persons for whom the Investor is so purchasing.

18. SUBSCRIPTION IRREVOCABLE. The Investor hereby acknowledges and agrees that
the Investor is not entitled to cancel, terminate or revoke this subscription or
any agreement of the Investor hereunder and that such subscription and agreement
shall survive the death or disability of the Investor.

19. Acceptance OR REJECTION BY CORPORATION. The Investor understands and
acknowledges that this subscription may be accepted or rejected by the
Corporation in its sole and absolute discretion, together with a completed and
executed Annex I attached hereto and all information required by the provisions
hereof and payment of the full amount of the subscription price for the Shares
subscribed for. All amounts tendered in excess of the total amount payable as
the purchase price for Shares as to which this subscription has been accepted
thereafter will be delivered to the Investor as soon as practicable (without
interest). The Corporation shall signify its rejection by returning to the
Investor this Subscription Agreement and all funds (without interest or
deduction) submitted by the Investor.

                                       5
<PAGE>

        NEITHER THE CORPORATION NOR ANY OFFICER, DIRECTOR, SHAREHOLDER,
EMPLOYEE, ATTORNEY OR AGENT OF ANY OF THEM SHALL BE LIABLE TO ANY PERSON FOR THE
REJECTION, IN WHOLE OR IN PART, OF ANY OFFER TO SUBSCRIBE TO PURCHASE SHARES,
NOTWITHSTANDING THAT THE INVESTOR MAY OTHERWISE BE QUALIFIED AS A PROSPECTIVE
INVESTOR.

         20. CHANGES IN STATUS. If, before the sale of any Shares to the
Investor, the Investor's investment intent as expressed herein materially
changes, or if any change occurs that would make either the representations or
warranties made by the Investor herein or the information provided by the
Investor in any of the forms attached hereto (including Annex I attached hereto)
materially untrue or misleading, then the Investor shall immediately so notify
the Corporation, and any prior acceptance of the subscription of the Investor
shall be voidable at the option of the Corporation in its sole and absolute
discretion.

         21. FORWARD LOOKING STATEMENTS. The Offering Documents to the Investor
contain forward-looking statements within the meaning of Section 27A of the
Securities Act. Such forward-looking statements are indicated by the use of such
words as "intends," "expects," "may," "anticipates," "estimates," "desires,"
"believes," "projections" and similar expressions. Actual results may differ
from those described by forward-looking statements as a result of many risks and
uncertainties.

        22. MATERIAL NON-PUBLIC INFORMATION: NO TRADING. The Investor
acknowledges and agrees that he or she may have received material non-public
information that has been disclosed to the Investor for the purpose of
evaluating the Corporation and the Shares. The Investor agrees that he or she
shall not purchase or sell any securities of the Corporation until such time as
all material information provided to the Investor has been made publicly
available.

                                       6
<PAGE>

        IN WITNESS WHEREOF, the Investor executes and agrees to be bound by this
Subscription Agreement by executing the Signature Page attached hereto to be
effective as of the date therein indicated.

                                           INDIVIDUAL INVESTOR

---------------------------------          --------------------------------
Print Name of Purchaser                     Signature of Purchaser

---------------------------------          --------------------------------
Print Name of Spouse                        Signature of Spouse
(if funds are to be invested                (if funds are to be
in joint name or are                        invested in joint name or
community property)                         are community property)

---------------------------------          --------------------------------
Number of Shares purchased                 Amount of immediately
                                           available funds transferred
                                           herewith

--------------------------------------------------------------------------
Please PRINT the exact name(s) {registration)(7) desire(s) for the Shares

----------------------------------           (   )___- ___________________
Occupation                                   Tel. No.

-------------------------------
Social Security or Tax I.D., No.

--------------------------------
Street Address

-------------------------------------------------------------------------------
City                                   State                         Zip

SUBSCRIPTION ACCEPTED:                     BLACKWATER MIDSTREAM CORP.:

Dated:                                      By: ________________________________

                                            Its:    ____________________________

                                       7

<PAGE>

        IN WITNESS WHEREOF, the Investor executes and agrees to he hound by this
Subscription Agreement by executing the Signature Page attached hereto to be
effective as of the date therein indicated.

                                 ENTITY INVESTOR

        I have checked the appropriate boxes in Annex I ("Nature of Investor;
Form of Ownership") as a qualifying entity and have completed the purchasing
entity representation letter.

---------------------------------         -------------------------------------
Print Name of Partnership,                Signature of authorized representative
    Corporation or Trust

---------------------------------        -------------------------------------
Signature of authorized                  Capacity of authorized representative
representative

---------------------------------        $__________________________________
Number of Shares purchased                 Amount of immediately available
                                             funds transferred herewith

--------------------------------------------------------------------------------
Please PRINT the exact name(s) (registration) investor(s) desire(s) for the
Shares

(  ) ___-______
Tel. No.

--------------
Tax I.D. No.

-------------------------------------------------------------------------------
Street Address

-------------------------------------------------------------------------------
City                   State                                        Zip

----------------------
SUBSCRIPTION ACCEPTED:                             BLACKWATER MIDSTREAM CORP.:

Dated:_______________  , 2008                      BY:_________________________

                                                   Its: _______________________

                                       8
<PAGE>

                       Annex I. Accredited Investor Form

         Each prospective investor in Shares of Common Stock of Blackwatcr
Midstream Corp. that is a US resident must meet one or more of the standards
enumerated below. By your signature below, you certify that you are an
Accredited Investor as defined by Regulation D of the Act: I

If you are not a US resident, indicate by initialing here:

         (a) You are a natural person whose individual net worth or joint net
worth with your spouse at the time of your purchase of the Securities exceeds
S1,000,000.00;

-----------------------
(Signature of Investor)

         (b) You are a natural person who had an individual income in excess of
$200,000.00 in each of the two most recent years or joint income with your
spouse in excess of $300,000.00 in each of those years and you have a reasonable
expectation of reaching the same income level in the current year;

------------------------
(Signature of Investor)

         (c) You are a trustee for a trust that is revocable by the grantor a-.
any time (including an IRA) and the grantor qualified under either (a) or (b)
above. A copy of the declaration of trust or trust agreement and a
representation as to the net worth or income of the grantor is enclosed;

----------------------
(Signature of Investor)

         (d) You are a trustee of a trust, with total assets in excess of
55,000,000.00, not formed for the specific purpose of acquiring the securities
offered whose purchase is directed by a sophisticated person as described in
Rule 506 (BX2Xii) of the Act;

-----------------------
(Signature of Investor)

         (e) You are an organization described in Section 501(c)(3) of the
Internal Revenue Code, corporation, business trust, or partnership, not formed
for the specific purpose of acquiring the securities offered, with total assets
in excess of $5,000,000.00;

------------------------
Signature of Investor)

         (f) You are a director or officer of Blackwater Midstream Corp.; or

-----------------------
(Signature of Investor)

         (g) Investor is an employee benefit plan within the meaning of ERISA
having total assets in excess of Five Million Dollars ($5,000,000.00).

------------------------
(Signature of Investor)

                                       9
<PAGE>

         (h) Investor is a self-directed employee benefit plan within the
meaning of ERISA with investment decisions made solely by persons who arc
accredited investors as defined in Rule 501(a) of Regulation D.

-----------------------
(Signature of Investor)

         (i) Investor is an entity all the equity owners of which are
"accredited investors" within one or more of the above categories, other than
Category (e). If relying upon this category alone, each equity owner must
complete a separate copy of this Subscription Agreement

-----------------------
(Signature of Investor)

         (j) You represent and warrant that (i) if you are an individual or
individuals, none of you have been convicted of a felony: or (ii) if you are a
corporation, partnership, limited liability company, trust or other entity, none
of the beneficial owners thereof have been convicted of a felony.

-----------------------
(signature of Investor)

              The Investor is/are (INITIAL AND CHECK. ALL APPLICABLE ANSWERS):
                                  --------------------------------------------

        INITIAL                CHECK

    ____1.                     [ ]  Individual (one signature required)

    ____2.                     [ ]  Joint Tenants with right of survivorship
                                    (both parties must sign)

   _____3.                     [ ]  Tenants in Common (both parties must sign)

   _____4.                     [ ]  Community Property (one signature required
                                    if the Shares are held in one name, I.E.,
                                    managing spouse; two signatures required
                                    if the Shares are held in both names or if
                                    purchaser is a resident of California)

   _____5.                     [ ]  Corporation (signature of authorized party
                                    or parties required)

   _____6.                     [ ]  Partnership (signature of general partner
                                    required and all additional signatures
                                    required by Partnership Agreement)

   _____7.                     [ ]  Trust (Trust must sign as follows:
                                    [UNREADABLE]

   _____8.                      [ ] Other Entities (signatures as required by
                                    applicable organization documents)

DATE:_____________________

_____________________________________________________________________
PRINT NAME                                               PRINT NAME

_____________________________________________________________________
SIGNATURE                                               SIGNATURE

                                       10
<PAGE>

                                    EXHIBIT A

                                  RISK FACTORS

         YOU SHOULD CAREFULLY CONSIDER THE RISKS AND UNCERTAINTIES DESCRIBED
BELOW AND THE OTHER INFORMATION IN THE INVESTMENT MEMORANDUM DATED JUNE 2008
BEFORE DECIDING WHETHER TO INVEST IN SHARES OF OUR COMMON STOCK (THE "SHARES').
THE OCCURRENCE OF ANY OF THE FOLLOWING RISKS COULD MATERIALLY AND ADVERSELY
AFFECT OUR BUSINESS, FINANCIAL CONDITION AND OPERATING RESULTS. IN ANY SUCH
CASE, YOU MAY LOSE PART OR ALL OF YOUR INVESTMENT.

                         Risks Inherent in Our Business

Our success depends on the viability of our business model, which is unproven
and may he unfeasible.

        Our revenue and income potential are unproven, and our business model is
new. We have not commenced any development operations. Our activities to date
have been primarily negotiating the acquisition of real property, selecting
management and developing a business strategy. Our business model is based on a
variety of assumptions relating to our ability to develop fuel storage
facilities, the revenue and cost assumptions for our facility and our operating
costs and expenses. These assumptions may not reflect the business and market
conditions that we actually face. As a result, our operating results could
differ materially from those projected under our business model, and our
business model may prove to he less profitable than we anticipate.

We expect to experience losses initially.

        Our initial operations will he to design and construct the facility.
During this period, we will incur operating and net losses. We intend to
increase our operating expenses substantially as we:

         o        Acquire real property;

         O        Continue to build our management team and corporate
                  infrastructure; and

         o        Design and construct our fuel storage facilities.

Because we will spend these amounts before we receive any significant revenue
from these efforts, our losses will he substantial. In addition, we may find
that these efforts are more expensive than we currently anticipate which would
further increase our losses. We are unable to provide ANY assurance or guarantee
that our Corporation will become profitable or generate positive cash flow at
any time in the future.

We must accomplish a number of critical business objectives to be successful.

        In order to succeed, we must do most, if not all, of the following:

         o        raise additional corporate equity and/or debt to have
                  sufficient funds to construct the facility:

         o        obtain all required zoning, permitting and other entitlements
                  to construct the facility;

         o        design and construct the facility;

         o        attract, integrate, retain and motivate qualkified management
                  and technical personnel;

         o        attract long-term customers;

         o        respond appropriately and timely to competitive developments;
                  and

         o        develop, enhance, promote and carefully manage our corporate
                  identity.

                                       11
<PAGE>

        Our business will suffer if we are unable to accomplish these and other
        important business objectives.

We may be forced to curtail or discontinue operations if we are unable to
obtain, on commercially acceptable terms, additional equity capital that we may
require from time to time in the Future to finance our operations and growth.

        The proceeds of the current Offering are expected to be sufficient to
sustain pre-development activities for ;approximately 18 months. However, we
need additional capital to construct the facility. We do not currently have
sufficient cash reserves or revenue from operations to do so. Without additional
capital we will not be able to construct the facility. We are unable to provide
any assurance or guarantee that additional capital will he available when needed
by our Corporation, or that such capital will be available under terms
acceptable to our Corporation or on a timely basis. This limitation could harm
substantially our business, results of operations and financial condition.

We MAY BE UNABLE TO COMPETE SUCCESSFULLY AGAINST EXISTING AND FUTURE
COMPETITORS, WHICH COULD HARM OUR MARGINS AND MAR BUSINESS,

        The fuel and chemical storage business is highly competitive. We expect
the competitive environment to continue in the future. We face competition from
a number of existing storage facilities. We believe that with relatively strong
FINANCIAL PERFORMANCE OF FUEL and related industries, this industry will
continue to attract new competitors and encourage existing competitors to
increase their involvement.

        We can provide no assurance that we will be able to compete successfully
against current or potential competitors. Many of our current and potential
competitors have longer operating histories, better brand recognition and
significantly greater financial, technical and marketing resources than we do.
Many of these competitors may have well-established relationships with customers
and other key partners and can devote substantially more resources to marketing
and sales. As a result, they may be able to secure customers on more favorable
terms. Larger competitors may enjoy significant competitive advantages that
result from, among other things, a tower cost of capital and enhanced operating
efficiencies. In addition, the number of entities and the amount of funds
competing for customers may increase. This will result in reduced prices and
increased cost of sales, Our profitability may he reduced and you may experience
a lower return on your investment,

OUR INABILITY TO RETAIN OUR EXECUTIVE OFFICERS AND OTHER key personnel may harm
our business and impede the implementation OF OUR BUSINESS STRATEGY.

        Our future success depends to a significant degree on the skills,
experience and efforts of our key management personnel. Our principal managers
are Michael Slider, Dale Chatagnier and Frank Marrocco. We have executed
five-year employment agreements with each of them and have granted them
substantial equity incentives to remain with the Corporation. However, we cannot
guarantee that they will remain employees. The toss of their services could harm
our business and operations. In addition, we have riot obtained key person life
insurance on any of our key employees as of the date of this memorandum. If any
of our executive officers or key employees left, died or was seriously injured
and unable to work and we were unable to find a qualified replacement and/or to
obtain adequate compensation for such loss, we may be unable to manage our
business, which could harm our operating results and financial condition.
However, we believe that qualified replacement personnel could be found to
continue to execute the business plan.

Our development activities could result in losses.

        Our facility is a new development from ground up. Development of new
facilities always entails risks, such as the risks associated with delays in
development; inability to obtain required permits and licenses, cost overruns,
insufficient capital to complete construction, and other problems that may cause
our properties not to perform as expected.

The economic performance and value of our facility depend on many factors beyond
our control.

                                       12
<PAGE>

        The economic performance and value of our facility can he affected by
many factors, including the following: o economic downturns and recessions; o
declines in revenue due to loss of customers or reduced volume; o reduced demand
in the surrounding geographic regions due to general economic conditions: o
construction of competitive properties nearby and competition from other
available facilities; o increased operating COSTS and expenses; and o
availability of long term financing at reasonable rates.

Our facility is subject to environmental laws and environmental risks.

        Under various federal, state and local laws, ordinances and regulations,
we are considered to be an owner or operator of real property or to have
arranged for the disposal or treatment of hazardous or toxic substances. As a
result, we could become liable for the costs of removal or remediation of
certain hazardous substances released on or in our property. We could also be
liable for other costs that relate to hazardous or toxic substances (including
governmental fines and injuries to persons and property). Many if not all of the
chemicals and fuels we intend to store are considered to be hazardous materials.
Inadvertent releases or spills can subject us to costly remediation expenses
and/or fines.

                         RISKS Relating to This Offering

Our management has broad discretion regarding how to use the proceeds from this
offering.

        We intend to use the proceeds from this offering to commence
pre-construction activities and as working capital and operating expenses.
Although we intend to spend the proceeds to in the best interests of the
Corporation, we will have broad discretion over how we use these proceeds. We
may spend these proceeds in ways with which you disagree.

You will experience immediate and substantial dilution in the value of your
Shares following this offering.

        If you purchase Shares in this offering, you will experience immediate
and substantial book value dilution, in that the price you pay per Share will be
substantially greater than our net tangible hook value per share or the per
share value of our assets after subtracting our liabilities.

Your ownership percentage will he diluted by future issuances of capital stock.

        Our business strategy requires us to raise additional equity capital
through the sale of common stock or preferred stock, or the issuance of debt
which may he convertible into equity securities. Your percentage of ownership
will become diluted as we issue new shares of stock, unless you exercise any
applicable preemptive rights set forth above. We may issue common stock,
convertible debt or common stock pursuant to a public offering or a private
placement, upon exercise of warrants or options, or to sellers of properties we
directly or indirectly =wire instead of, or in addition to, cash consideration.
Investors purchasing common Stock in this offering who do not participate in any
future stock issues will experience dilution IN THE percentage of the issued and
outstanding stock they own.

The offering price of the Shares is arbitrary.

        The offering price of the Shares we are offering was arbitrarily
determined by us, the management of our Corporations, and hears no relationship
to earnings, asset values, book value or any other recognized criteria of value.

                                       13
<PAGE>

 THE SHARES ARE RESTRICTED AND TRANSFERABILITY IS LIMITED.

        The Shares are offered and sold pursuant to one or more exemptions from
 registration under the Securities Act and without qualification or registration
 under the securities laws of the various states. Consequently, the Shares that
 you would he purchasing are restricted and may not be sold, transferred or
 hypothecated without registration under the Securities Act and applicable state
 laws or without an exemption from such registration or qualification. The
 Shares you will receive will bear a legend restricting their transfer
 accordingly.

 We HAVE SET NO MINIMUM INVESTMENT AND HAVE NOT ESTABLISHED AN ESCROW.

        WE HAVE NOT ESTABLISHED a minimum number of Shares that must be sold in
 this offering. As a result, all subscriptions accepted by us will be deposited
 into our Corporation's accounts and will be available for immediate use. We
 have rot established an escrow to hold any of the proceeds of this offering. IF
 FEWER THAN ALL of the Shares we are offering are sold, the proceeds may be
 insufficient to complete our business strategy.

                                       14<PAGE>

Exhibit 10.4

                     FALCON INTERNATIONAL CONSULTING LIMITED
                                   PO BOX 173
                                KINGSTON CHAMBERS
                                    ROADTOWN
                                     TORTOLA
                             BRITISH VIRGIN ISLANDS

Blackwater Midstream.

28 May 2008

Gentlemen:

1.       INTRODUCTION

1.1      This letter confirms the basis on which Blackwater Midstream. has
         engaged us, Falcon International Consulting Limited, to provide
         services with respect to introducing you to potential investors, and
         raising capital for you on a best efforts basis.

2.       DEFINITIONS

         In this letter, the following expressions shall have the following
         meanings:

         "Closing" means the date on which a Transaction is completed. If
         funding is received and accepted by you in more than one tranche, there
         may be multiple Closings.

         "FSA" means Financial Services Authority.

         "Letter" means this letter and any appendices and schedules attached.

         "BWMS" means Blackwater Midstream., a Louisiana (USA) corporation

         "Relevant Person" means subsidiaries, affiliates, directors, officers,
         employees, consultants, agents of subsidiaries and affiliates and
         agents of successors and assigns of Falcon International Consulting
         Ltd.

         "Selling Memorandum" means a private placement memorandum or other
         offer document prepared on behalf of BWMS.

         "Transaction" means a raising of capital for BWMS.

<PAGE>

         "UK Falcon" means Falcon Capital LLP, the UK affiliate of Falcon
         International Consulting Ltd.

3.       OUR SERVICES

         3.1      We agree to perform such of the following advisory services as
                  you may reasonably and specifically request, including:

                  3.1.1    familiarising ourselves to the extent we deem it
                           appropriate and feasible with your business,
                           management, operations, finances and prospects;

                  3.1.2    assessing the strengths, weaknesses and opportunities
                           available to you which may include an examination of
                           the demand of the market for your goods and services;

                  3.1.3    undertaking an evaluation of your management;

                  3.1.4    preparing budget projections and developing financial
                           models with you;

                  3.1.5    identifying and evaluating with you candidates for a
                           potential Transaction;

                  3.1.6    assisting you in preparing a Selling Memorandum
                           describing yourselves and your business for
                           distribution to potential parties to a Transaction,
                           which may involve the preparation of specific
                           additional documents individually tailored for each
                           potential party to a Transaction;

                  3.1.7    contacting potential candidates which we together
                           have agreed may be appropriate for a potential
                           Transaction, whether it be a specific candidate or a
                           class of candidates; in rendering such services, we
                           may meet with representatives of such candidates and
                           provide such representatives with such information
                           about you as may be appropriate, subject to the
                           confidentiality provisions of Section 5 and provided
                           that no information we provide will be inconsistent
                           with any information contained in the Selling
                           Memorandum;

                  3.1.8    developing strategies with you to inform and educate
                           potential candidates for parties to a Transaction;

                  3.1.9    working on your behalf with potential candidates for
                           parties to a Transaction to ensure they have a full
                           understanding of the potential value of you and your
                           business;

<PAGE>

                  3.1.10   advising and assisting you in considering the
                           desirability of effecting a Transaction and, if you
                           believe such a Transaction to be desirable, in
                           developing and implementing a general strategy for
                           accomplishing a Transaction or, if more than one, a
                           series of Transactions;

                  3.1.11   advising and assisting your senior management in
                           making presentations to potential parties to
                           Transactions;

                  3.1.12   advising and assisting you in the course of the
                           negotiation of a Transaction, and actively
                           participating in such negotiations and in the
                           drafting of suitable sale and purchase agreements, in
                           each case if appropriate; and

                  3.1.13   assisting you, where appropriate, after the
                           completion of a Transaction (or Transactions), in
                           your ongoing relationship with and obligations to
                           investors and/or any other relevant parties to the
                           Transaction(s), including (without limit) assisting
                           you in meeting the conditions and objectives agreed
                           pursuant to the Transaction(s).

         3.2      We will not be required to provide services other than those
                  referred to above, and in particular, we will not be
                  responsible for providing or arranging loan facilities or
                  underwriting services. Any other services or specialist advice
                  (such as, without limit, advice on legal, regulatory,
                  accounting, actuarial or taxation matters) shall be
                  specifically arranged by you with other specialist advisers
                  and we will not have any responsibility or liability in
                  respect of any services or advice provided to you by any other
                  person but we will be responsible for any services provided to
                  you by our subsidiaries and affiliates.

         3.3      You will furnish us, and if you enter into negotiations with a
                  counterparty regarding a possible Transaction, request such a
                  counterparty to furnish to us, such information as we
                  reasonably request in connection with the performance of our
                  services hereunder. You understand and agree that, in
                  performing our services hereunder, we will use and rely on the
                  information you have provided, as well as publicly available
                  information relating to you and any potential counterparty,
                  and we do not assume responsibility for independent
                  verification of any information whether publicly available or
                  otherwise furnished to us relating to you or any potential
                  counterparty, including, without limitation, all financial
                  information, forecasts or projections considered by us in
                  connection with the rendering of our services. Accordingly, we
                  shall be entitled to assume and rely on the accuracy and
                  completeness of all such information and we are not required
                  to conduct a physical inspection of any property or assets or
<PAGE>

                  prepare or obtain any independent evaluation or appraisal of
                  any of your assets or liabilities or those of any potential
                  counterparty. With respect to any financial forecast and
                  projections made available to us by you or any counterparty
                  and used by us in our analysis, we shall be entitled to assume
                  that such forecast and projections have been reasonably
                  prepared on a basis reflecting the best currently available
                  estimates and judgements of your management or the management
                  of any potential counterparty to a Transaction as the case may
                  be.

4.       ASSOCIATES AND AFFILIATES

         4.1      In providing our services, we will make use of associate and
                  affiliate companies. In particular, we will utilise the
                  services of our UK affiliate, Falcon Capital LLP (UK FALCON),
                  authorised and regulated by the FSA in the UK to transmit a
                  Selling Memorandum on your behalf. We will instruct UK Falcon
                  as appropriate. You will become the indirect customer of UK
                  Falcon and will have the benefit of the obligations they owe
                  you as a regulated entity. Your attention is drawn to the
                  schedule attached which sets out various matters which UK
                  Falcon is required to bring to your attention pursuant to the
                  rules and guidance of the FSA (FSA RULES).

         4.2      You authorise UK Falcon as your representative to transmit the
                  Selling Memorandum to potential parties to a Transaction (if
                  appropriate, after completion of a confidentiality agreement
                  in a form acceptable to you). You hereby acknowledge that all
                  information contained in the Selling Memorandum has been
                  provided by you or based on information provided by you or
                  third parties on your behalf, and you will be solely
                  responsible for the contents thereof unless it is found in a
                  final judicial determination or a settlement equivalent
                  thereto that we have acted in a manner which is found to
                  constitute bad faith or wilful misconduct on our part or the
                  part of any of our affiliates or subsidiaries.

5.       CONFIDENTIALITY

5.1      All material non-public information concerning you or your business
         which is given to us by or on your behalf will be used solely in the
         course of the performance of our services hereunder and will be treated
         confidentially by us so long as it remains non-public. Neither we nor
         any other Relevant Person will trade in the securities of SKYP while we
<PAGE>

         are in possession of such material non-public information. We will not
         disclose such information to any third party, except (i) disclosure to
         candidates for a potential Transaction who have agreed to retain such
         information in confidence and who have agreed not to trade in the
         securities of SKYP while in possession of such material non-public
         information, and (ii) as otherwise required by law or by applicable
         regulations or by judicial or regulatory process (in which case we will
         first obtain your consent, which you will not unreasonably withhold).
         The obligations under this paragraph shall terminate on the second
         anniversary of the date of the termination of our engagement under this
         agreement.

6.       FEES

         6.1      You will pay us for our services fees equal to the following
                  amounts, calculated solely with respect to the cash proceeds
                  of Transactions with counterparties that we have introduced to
                  you:

                  6.1.1    A CASH FEE EQUAL TO (I) 10% CASH ON CASH ($4,000,000
                           RAISED = $400,000 CASH FEE)

                  6.1.2    an equity fee paid in BWMS restricted common stock
                           (EQUITY FEE SHARES), calculated at $2.00 per share,
                           equal to (i) 10% of cash funded into your designated
                           account ($5,000,000 raised = $500,000 in Equity Fee
                           Shares at offering price), or 250,000 shares

                                   Falcon has the right to assign one Board Seat

         6.2      The Equity Fee Shares will not be registered under the
                  Securities Act of 1933, as amended. We represent and
                  acknowledge that we have read and understand all of the
                  matters contained under the heading "Risk Factors" in the
                  Selling Memorandum, and that we are acquiring the Equity Fee
                  Shares as an investment for our own account, and not for the
                  purpose of a distribution. We also acknowledge that
                  certificates representing the Equity Fee Shares will bear a
                  legend substantially as follows:

                  "THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED
                  UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE
                  SECURITIES LAWS AND NEITHER THE SECURITIES NOR ANY INTEREST
                  THEREIN MAY BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR
                  OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE
                  REGISTRATION STATEMENT UNDER SUCH ACT OR SUCH LAWS OR AN
                  EXEMPTION FROM REGISTRATION UNDER SUCH ACT AND SUCH LAWS
                  WHICH, IN THE OPINION OF COUNSEL FOR THIS CORPORATION, IS
                  AVAILABLE."

<PAGE>

7.       TRANSACTIONS

         7.1      The offering will commence on 1 June 2008, and will run
                  through 31 July 2008. The offering can be extended with the
                  mutual consent of both parties.

         7.2      Upon agreement of this letter BWMS authorises Falcon
                  International Consulting Limited to undertake a Transaction
                  for up to $5,000,000, at a valuation of $53 million post
                  money, which amount can be expanded with the mutual consent of
                  both parties. The offering will have no fixed minimum

8.       EXPENSES

         8.1      In addition to any fees that may be payable to us hereunder
                  and regardless of whether any Transaction is proposed or
                  closed, you hereby agree from time to time to reimburse us for
                  all our reasonable travel and other out of pocket expenses
                  incurred in connection with any actual or proposed Transaction
                  arising out of or in connection with our engagement by you on
                  the terms of this letter, for which we receipts will be
                  submitted. Expenses will be capped at 2% of the transaction

9.       TERMINATION

         9.1      Our engagement hereunder may be terminated by either party at
                  any time with or without cause by written notice given by one
                  party to the other. In the event that our engagement is
                  terminated by you without a Closing having occurred and, at
                  any time prior to the expiration of one year after such
                  termination by you, a Transaction is closed with a
                  counterparty introduced by us or you enter into a definitive
                  agreement which leads to a Transaction with a counterparty
                  introduced by us, we shall be entitled to our Advisory Fee;
                  and the provisions of this Section and of Sections 6 and 10
                  -13 shall survive such termination.

10.      PUBLICITY

         10.1     In the event of the Closing of any Transaction we shall have
                  the right at our own expense to disclose our participation in
                  such Transaction, subject to your consent with respect to both
                  the content and timing of that disclosure, which consent will
                  not be unreasonably withheld.

11.      SCOPE OF RESPONSIBILITY

         11.1     We and any Relevant Persons shall not be liable to you, or any
                  person claiming through you, for any claim, loss, damage,
                  liability, cost or expense suffered by you or any such other
<PAGE>

                  person arising out of or related to our engagement hereunder,
                  except for any claim, loss or expense that arises primarily
                  out of or is based primarily upon any action or failure to act
                  by us (other than an action or failure to act undertaken at
                  your request or with your express written consent) that is
                  found in the final judicial determination (or a settlement
                  equivalent thereto) to constitute bad faith, wilful misconduct
                  or gross negligence on our part or a breach of any obligation
                  owed to you by UK Falcon pursuant to the FSA Rules or the
                  regulatory system.

12.      INDEMNITY

         12.1     You agree to indemnify and hold harmless each and every
                  Relevant Person to the full extent lawful against any and all
                  claims, losses, damages, liabilities, costs and expenses as
                  incurred (including all reasonable fees and expenses of
                  counsel and all reasonable travel and other out of pocket
                  expenses incurred) in connection with the investigation of,
                  preparation for, and defence of any pending or threatened
                  claim or any litigation or other proceedings arising
                  therefrom, whether or not litigation is filed and whether or
                  not any Relevant Person is made a party, arising out of or
                  related to any actual or proposed Transaction or our
                  engagement hereunder; provided there shall be excluded from
                  such indemnification any claims, losses, damages, liabilities,
                  costs or expenses that arise primarily out of or are based
                  primarily upon any action or failure to act by us (other than
                  an action or failure to act undertaken at your request or with
                  your express written consent) that is found in a final
                  judicial determination (or a settlement equivalent thereto) to
                  constitute our bad faith, wilful misconduct or gross
                  negligence.

         12.2     You will not without our prior written consent settle any
                  litigation relating to our engagement hereunder unless such
                  settlement includes an express, complete and unconditional
                  release of each Relevant Person with respect to all claims
                  asserted in such litigation or relating to our engagement
                  hereunder, such release to be set forth in any instrument
                  signed by all the parties to such settlement.

13.      GOVERNING LAW AND JURISDICTION

         13.1     This agreement shall be governed by and construed in
                  accordance with the laws of the British Virgin Islands without
                  regard to the conflicts of laws provisions thereof. You agree
                  to submit to the non-exclusive jurisdiction of the courts of
                  the British Virgin Islands located in Roadtown, Tortola,
                  British Virgin Islands in connection with any dispute relating
                  to the terms of this letter or any of the matters contemplated

<PAGE>

                  by it and waive to the fullest extent permitted by law the
                  right to move to dismiss or transfer any action brought in
                  such court on the basis of any objection to jurisdiction or
                  venue.

         13.2     You hereby irrevocably consent to the service of process in
                  any such proceeding by the mailing of copies of such process
                  to you at the last address you have provided to us.

14.      OUR DUTIES

         14.1     You agree and understand that we have been engaged by you and
                  you alone and our engagement is not to be deemed to be on
                  behalf of and nor is it intended to confer rights upon any
                  other person including any shareholder, partner or other owner
                  of you or any person not a party to the agreement set out in
                  this letter as against us or any Relevant Person. Unless
                  otherwise expressly agreed, no one other than you is
                  authorised to rely on your engagement of us in any statements,
                  advice, opinions or conduct by us and you will not disclose
                  such statements, advice, opinions or conduct to others (except
                  your professional advisers or as required by law). Without
                  limiting the foregoing, any opinions or advice rendered to
                  your board or management in the course of your engagement of
                  us are for the purposes of assisting your board and management
                  as the case may be in evaluating a Transaction and do not
                  constitute a recommendation to any person concerning action
                  that such person might or should take in connection with the
                  Transaction. Our role herein is that of an independent
                  contractor, nothing herein is intended to create or shall be
                  construed as creating any fiduciary relationship between us or
                  any partnership between us.

15.      DISCLOSURE

         15.1     You agree and acknowledge that we may have and may continue to
                  have relationships with other parties in the course of which
                  we may acquire information which is of interest or benefit to
                  you. We have no obligation to disclose any information to you.
                  You shall have no entitlement to share or participate in any
                  revenues we derive from any engagement we may undertake.

16.      MISCELLANEOUS

         16.1     This letter contains the entire agreement between us and
                  supersedes all prior agreements, arrangements and
                  understanding (both written and oral) and cannot be amended or
                  otherwise modified except in writing and signed by both of us.
                  The provisions of this agreement shall be binding on the
                  successors and the assigns of each of us. All fees and other
                  amounts to be paid to us pursuant to the terms of this letter
                  shall be paid in U.S. dollars or NCOA shares, as specified,
<PAGE>

                  free and clear of and without deductions or withholding on
                  account of, taxes of any kind, provided that we shall have
                  provided you such information as you may reasonably request in
                  order that you may comply with applicable laws and
                  regulations.

17.      ACCEPTANCE

         17.1     Can you please confirm your acceptance of our engagement on
                  the terms set out in this letter by signing, dating and
                  returning the attached copy. The top copy is for you to keep
                  for your records.

     Yours truly

     For FALCON INTERNATIONAL CONSULTING LIMITED

     By: ______________________________

         We hereby confirm your engagement on and subject to the terms and
         conditions set out in this letter.

     For BLACKWATER MIDSTREAM

     By: ______________________________

     Michael Suder

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