Stingray Pipeline Company, L. L. C.

Third Revised Volume No. 1

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Effective Date: 11/01/2008, Docket: RP08-436-000, Status: Effective

Third Revised Sheet No. 158 Third Revised Sheet No. 158

Superseding: Second Revised Sheet No. 158

GENERAL TERMS AND CONDITIONS

(4) The fixed reservation charge and/or volumetric

charge that the Qualified Bidder agrees to pay

for the capacity (and if a volumetric charge,

any minimum amount to be billed as a reservation

charge, which must be equal to or greater than

any such amount designated by the Releasing

Shipper);

(5) A statement that the Qualified Bidder agrees to

all the terms and conditions of the Capacity

Release Request, with only the modifications as

expressly provided in its Qualified Bid, which

modifications must be permitted by the Capacity

Release Request and must conform with the

requirements in Section 16. In the event that

the Releasing Shipper has stated that Qualified

Bid(s) may be contingent upon subsequent events

and the Qualified Bidder submits such a

contingent Qualified Bid, then the Qualified

Bidder must state in full the nature of the

condition and the last date by which the

Qualified Bid is null and void if the

contingency does not occur; and

(6) Agreement that the Qualified Bidder is bound by

the terms and conditions of the capacity award

by Stingray pursuant to this Section 16 to the

Qualified Bidder, including Stingray's standard

form of Agreement covering the Rate Schedule

applicable to the released capacity and the

terms and conditions of the Qualified Bid and

the Capacity Release Request, in accordance with

Stingray's Tariff.

(b) The volume in a Qualified Bid may not be less than the

minimum volume required for an Eligible Firm

Transportation Agreement under Stingray's Tariff.

Neither the volume nor the release term specified in a

Qualified Bid may exceed the maximum volume or term

specified in a Capacity Release Request, unless the

Capacity Release Request specifically allows

otherwise. A Qualified Bidder must accept all the

terms and conditions of a Capacity Release Request

submitted under Section 16.4 (involving a Prearranged

Release) except for the level of the reservation

charge and the MDQ, unless the Capacity Release

Request specifically allows otherwise.