T.W. Phillips Pipeline Corp.

Original Volume No. 1

Effective Date: 01/01/2010, Docket: RP10-141-000, Status: Effective

Original Sheet No. 64 Original Sheet No. 64

GENERAL TERMS AND CONDITIONS

(Continued)

22.2.8. The conditions of Releasing Shipper’s right of recall as well as methods

and rights associated with returning the previously recalled capacity to

the Replacement Shipper, if applicable;

22.2.9. Whether contingent bids will be accepted and when the contingency must

be removed;

22.2.10.The identity of a Prearranged Replacement Shipper (“PRS”), if applicable;

22.2.11.The minimum rate, including the tariff reservation rate and all demand

surcharges as a total number or as stated separately, expressed in dollars

and cents or percentage of maximum Tariff rate, term, and quantity of

capacity Releasing Shipper will accept, if any, and whether bids using a

volumetric rate for the collection of Reservation Charges will be accepted

and whether Releasing Shipper requires a volumetric commitment. The maxi-

mum volumetric rate that may be bid shall not exceed the one hundred per-

cent (100%) load factor equivalent of the maximum rate, unless the Commis-

sion by rule or order allows a higher rate, which reservation rate equals

the AOS rate for the applicable service being released as set forth on

the effective rate tariff sheets. Transporter shall support volumetric

releases with volumetric commitments by fully accounting for volumetric

and reservation components, consistent with the rules and regulations

enunciated by the Commission. The maximum reservation rate that may be

bid shall not exceed the maximum rate for the applicable service being

released as set forth on the applicable currently effective Tariff sheets.

22.2.12.Releasing Shipper shall post the Shipper Notice on Transporter’s Website.

Offers should be binding until written or electronic notice of withdrawal

is received by Transporter. The releasing party has the right to with-

draw its offer during the bid period, where unanticipated circumstances

justify and no minimum bid has been made.

22.2.13.When a Releasing Shipper presents a PRS that is on the approved bidders

list, such Replacement Shipper initiates confirmations of prearranged

deals electronically as a prerequisite to the awarding of the Shipper

Notice.