Garden Banks Gas Pipeline, LLC

Original Volume No. 1

Effective Date: 03/01/2009, Docket: RP09-328-000, Status: Effective

Fourth Revised Sheet No. 121A Fourth Revised Sheet No. 121A

Superseding: Third Revised Sheet No. 121A

GENERAL TERMS AND CONDITIONS

nomination possible beginning at the next available

nomination cycle for the effective date of the

contract. (Central Clock Time)

(b) For biddable releases (more than 1 year):

- offers should be tendered by 12:00 P.M. four

Business Days before award;

- open season ends no later than 1:00 P.M. on the

Business Day before timely nominations are due (open

season is three Business Days);

- evaluation period begins at 1:00 P.M. during which

contingency is eliminated, determination of best bid

is made, and ties are broken;

- evaluation period ends and award posting if no

match required at 2:00 P.M.;

- match or award is communicated by 2:00 P.M.;

- match response by 2:30 P.M.;

- where match required, award posting by 3:00 P.M.;

- contract issued within one hour of award posting

(with a new contract number, when applicable);

nomination possible beginning at the next available

nomination cycle for the effective date of the

contract. (Central Clock Time)