High Island Offshore System, L.L.C.

Third Revised Volume No. 1

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Effective Date: 10/01/2007, Docket: RP06-540-004, Status: Effective

Third Revised Sheet No. 123 Third Revised Sheet No. 123 : Effective

Superseding: Substitute Second Revised Sheet No. 123

GENERAL TERMS AND CONDITIONS

(Continued)

17.2(b) Period of Release. Any proposed release of capacity must be

for a period of no less than one (1) day, as defined in

subsection 1.5 of the General Terms and Conditions, and no

more than the remaining primary term of the Transportation

Agreement between the Releasing Shipper and HIOS.

17.2(c) Volume of Release. Any proposed release of capacity must be

in an amount of no less than 100 Dth at any specific receipt

point, and no more than the Releasing Shipper is entitled to,

by receipt point, delivery point, and in total, under its

Transportation Agreement with HIOS.

17.2(d) FT-2 Capacity Releases.

i. Temporary Releases. A Shipper under Rate Schedule FT-2

may release capacity in accordance with the terms and

conditions of this Section 17 for periods less than the

remaining primary term of its FT-2 Agreement only during

months in which Shipper is being billed a Reservation

Charge pursuant to Section 4 of Rate Schedule FT-2.

ii. Permanent Releases. A Shipper under Rate Schedule FT-2

may release capacity in accordance with the terms and

conditions of this Section 17 for the remaining primary

term of its FT-2 Agreement only where the Replacement

Shipper (a) has complied with all of the terms and

conditions relative to Rate Schedule FT-2 or Rate

Schedule FT-1, (b) has executed a FT-2 or FT-1 Agreement

with HIOS for the released capacity at the rate and for

the primary term originally set forth in Releasing

Shipper's Transportation Agreement with HIOS, and (c) has

succeeded to, or otherwise acquired, that portion of the

gas reserves that are committed under the Reserve