Garden Banks Gas Pipeline, LLC

Original Volume No. 1

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Effective Date: 06/01/1997, Docket: RP97-310-002, Status: Effective

First Revised Sheet No. 108 First Revised Sheet No. 108 : Effective

Superseding: Original Sheet No. 108

GENERAL TERMS AND CONDITIONS

particularly set forth in subsection 19.6(e). Any

bid submitted cannot be withdrawn after the end of

the bid period, and any bid not withdrawn will

legally bind the bidder to the terms of the bid if

Transporter chooses such bid as the "best bid"

under subsection 19.6(i). Once a bid on an Offer

for a Permanent Release of capacity under

subsection 19.3(a) is accepted, the ACQUIRING

SHIPPER shall execute a separate FT-1 or FT-2

Transportation Service Agreement by 10:00 a.m. CCT

the day of nomination to utilize the capacity under

the terms set forth in the best bid and the terms

and conditions of Transporter's FERC Gas Tariff

applicable to the capacity released. Before an

ACQUIRING SHIPPER may execute a Temporary Release

Agreement with Transporter to utilize released firm

capacity, the ACQUIRING SHIPPER must satisfy all of

Transporter's requirements relating to Rate

Schedule FT-1 and/or FT-2. Once a bid on an Offer

for a Temporary Release of capacity under

subsection 19.3(b) is accepted, the ACQUIRING

SHIPPER agrees that the Addendum to its Temporary

Release Agreement provided by Transporter by 10:00

a.m. CCT on the day of nomination shall be binding

and no further execution thereof shall be required.

Once the ACQUIRING SHIPPER executes its FT-1 or

FT-2 Transportation Service Agreement resulting

from a Permanent Release or Transporter provides

the ACQUIRING SHIPPER an Addendum to its Temporary

Release Agreement the ACQUIRING SHIPPER becomes an

existing Shipper with separate firm contract

quantities like any other Shipper and is subject to

the applicable provisions of Transporter's FERC Gas

Tariff, including but not limited to Transporter's

billing and payment and operational provisions.

(b) RELEASING SHIPPER: The RELEASING SHIPPER shall

remain fully liable under its existing TSA for the

payment of all reservation charges for the contract

quantity which has not been released, associated

surcharges, fixed charges, and direct bills owing

to Transporter each month under the existing TSA,

as well as for services performed for or penalties

incurred by the RELEASING SHIPPER under its TSA

with respect to any remaining capacity thereunder.