PetroLogistics Natural Gas Storage LLC

Original Volume No. 1

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Effective Date: 06/03/2009, Docket: RP09-577-000, Status: Effective

Original Sheet No. 216 Original Sheet No. 216

 

Service Agreement No. ___________

FORM OF SERVICE AGREEMENT FOR

CAPACITY RELEASE UMBRELLA AGREEMENT UNDER

RATE SCHEDULE FSS

This Umbrella Service Agreement, made and entered into this ___ day of ____________,

by and between PETROLOGISTICS NATURAL GAS STORAGE LLC ("PetroLogistics") and ___________________

("Replacement Shipper").

WITNESSETH; That in consideration of the mutual covenants and promises herein

contained, the Replacement Shipper and PetroLogistics hereby agree as follows:

Section 1. Scope Of Agreement. Subject to the terms, conditions and limitations

hereof, so long as the financial evaluation and credit appraisal requirements are met in order

for Replacement Shipper to be on PetroLogistics' approved bidder list for capacity releases and

execute this Umbrella Service Agreement pursuant to Section 8 of PetroLogistics' General Terms

and Conditions, and this Umbrella Service Agreement is effective, Replacement Shipper may bid

from time to time on proposed capacity releases under Rate Schedule FSS pursuant to the procedure

set forth in Section 8 of PetroLogistics' General Terms and Conditions. If at any time a bid

submitted by Replacement Shipper is accepted by PetroLogistics with respect to a given capacity

release, PetroLogistics will promptly finalize the appropriate Addendum to this Umbrella Service

Agreement, in the format attached hereto. The parties agree that each Addendum is an integral

part of this Umbrella Service Agreement as if executed by the parties hereto and fully copied and

set forth herein at length and is binding on the parties hereto. Upon finalization of such Addendum,

Replacement Shipper and PetroLogistics agree that Replacement Shipper shall be considered for all

purposes as a Shipper with respect to the released service.

Upon the finalization of an Addendum, subject to the terms, conditions and limitations

hereof and of PetroLogistics' Rate Schedule FSS, PetroLogistics agrees to provide the released

service for Replacement Shipper under the applicable Rate Schedule, provided however, the Replacement

Shipper qualified under the financial evaluation and credit appraisal requirements set forth in

Section 2 of PetroLogistics' General Terms and Conditions at the time it submitted the bid

PetroLogistics accepted with respect to such release.

Replacement Shipper hereby agrees to promptly provide any information necessary for

PetroLogistics to reevaluate PetroLogistics' credit appraisal as contemplated by Section 2 of

PetroLogistics' General Terms and Conditions and to advise PetroLogistics of any material change

in the information previously provided by the Replacement Shipper to PetroLogistics.

Section 2. Term. This Agreement shall become effective on _____________ and shall

remain in force and effect until _________ and _________ to ___________ thereafter unless this

Umbrella Service Agreement is terminated as hereinafter provided. If PetroLogistics determines

at any time that Replacement Shipper fails to meet the financial standards or credit criteria of

Section 2 of the General Terms and Conditions, PetroLogistics may terminate this agreement and

all Addenda attached hereto prospectively in accordance with Section 2 the General Terms and

Conditions.

Section 3. Rate Schedules. This Umbrella Service Agreement does not have separate

terms and conditions for particular services, but only provides a means for a Replacement Shipper

to utilize a service subject to the applicable provisions of the relevant Service Agreement and

the terms and conditions for Rate Schedule FSS, by finalization of a copy of an Addendum attached

hereto and fully incorporated herein as a part of this Umbrella Service Agreement.

Replacement Shipper agrees that PetroLogistics shall have the unilateral right to file

with the appropriate regulatory authority and make changes effective in (a) the terms and

conditions of this Umbrella Service Agreement,