LPG Transportation Agreement

Under the Rio Vista Restated PSA and the related transportation agreement between Rio Vista and TransMontaigne dated August 22, 2006 (LPG Transportation Agreement), TransMontaigne agreed to exclusively use the services and Retained Assets of Rio Vista on a fee basis for purposes of transportation of LPG to be delivered into northeastern Mexico and/or LPG sold pursuant to the existing PMI agreement.  Rio Vista has agreed not to transport LPG through Rio Vista’s Retained Assets in Mexico except on behalf of TransMontaigne, subject to certain conditions. TransMontaigne has agreed to use the Retained Assets pursuant to the LPG Transportation Agreement which began on August 22, 2006 and runs for the term of the existing PMI agreement between TransMontaigne and PMI, as extended from time to time thereafter.   Rio Vista receives a fee for all LPG transported on behalf of TransMontaigne through the Retained Assets.  In addition, under the Rio Vista Restated PSA and the related pipeline services agreement between Rio Vista and TransMontaigne dated August 22, 2006 (U.S. Pipeline Services Agreement), TransMontaigne agreed to provide routine and non-routine operation and maintenance services, as defined, for the U.S. portion only of Rio Vista’s pipelines between Brownsville, Texas and Matamoros, Mexico.  TransMontaigne agreed to provide the routine services at its sole cost and expense.  For the non-routine services, Rio Vista agreed to reimburse TransMontaigne for all costs actually incurred in performing the services and all materials and supplies provided in connection with such services, plus 15%.    

The following table sets forth the actual volumes purchased by PMI for the months January 2006 through October 2007.

For the period January 1, 2006 through August 21, 2006, Rio Vista sold LPG to PMI.  Beginning on August 22, 2006, Rio Vista transported LPG pursuant to the LPG Transportation Agreement.  The volume transported by Rio Vista for the period August 22, 2006 to August 31, 2006 totaled 1,384,581 gallons.

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