Guardian Pipeline, L.L.C.

Original Volume No. 1

Effective Date: 08/01/2010, Docket: RP10-926-000, Status: Effective

Fourth Revised Sheet No. 186 Fourth Revised Sheet No. 186

Superseding: Third Revised Sheet No. 186

GENERAL TERMS AND CONDITIONS

(Continued)

21. CAPACITY RELEASE (Continued)

For biddable releases (one year or more)

(i) Offers shall be tendered by 12:00 p.m. (CCT) four

Business Days before award;

(ii) Open season ends no later than 1:00 p.m. (CCT) on the

Business Day before timely nominations are due (open

season is three Business Days);

(iii) Evaluation period begins at 1:00 p.m. (CCT) during

which contingency is eliminated, determination of

Best Bid is made, and ties are broken;

(iv) Evaluation period ends and awards are posted if no

match required at 2:00 p.m. (CCT);

(v) Match or award is communicated by 2:00 p.m. (CCT);

(vi) Match response by 2:30 p.m. (CCT);

(vii) Where match required, award posting by 3:00 p.m.

(CCT);

(viii) 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.

For non-biddable releases in the Timely Cycle:

(i) Postings of prearranged deals not subject to bid are

due by 10:30 a.m. (CCT);

(ii) 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.