Document:

THIRD AMENDMENT TO CREDIT AGREEMENT

THIRD AMENDMENT TO CREDIT AGREEMENT

            THIS THIRD
AMENDMENT TO CREDIT AGREEMENT (this "Amendment") is
executed October 25, 2002, effective (unless otherwise indicated) as of
December 19, 2001, by and among NUI
CORPORATION, a New Jersey corporation (the "Borrower");
the lenders from time to time parties thereto (collectively, the "Lenders"
and each individually, a "Lender"); FLEET NATIONAL BANK, as Agent for the Lenders (in such capacity,
with its successors and assigns, the "Agent"); PNC BANK, NATIONAL ASSOCIATION, as
Syndication Agent (in such capacity, with its successors and assigns, the
"Syndication Agent"); and FIRST
UNION NATIONAL BANK, as Documentation Agent (in such capacity, with its
successors and assigns, the "Documentation Agent"). 

RECITALS

            A.           
The Borrower, the Lenders, the
Agent, the Syndication Agent and the Documentation Agent are parties to that
certain Credit Agreement dated as of December 19, 2001, as amended through the
date hereof (the "Credit Agreement").  Capitalized terms used herein without
definition have the meanings assigned to them in the Credit Agreement.

            B.           
The Borrower has requested certain
amendments to the Credit Agreement, all as set forth below.

            C.           
The Lenders signing below are
willing to consent to such amendments on the terms and conditions hereinafter
set forth.

            NOW, THEREFORE,
for good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties hereto agree as follows:

I.            AMENDMENTS
TO CREDIT AGREEMENT.         Subject
to the satisfaction of each of the conditions set forth herein, the Credit
Agreement is hereby amended as follows:

A.            Fixed
Charge Coverage Ratio.  Section 5.3b of the Credit Agreement is amended to
read in its entirety as follows:

"5.3b           
Fixed Charge Coverage Ratio.  At no time permit, for any period of four
consecutive Fiscal Quarters ending on or after December 31, 2001, the ratio of
(i) the sum of (A) Consolidated Net Income for such period plus (B) income
taxes deducted in determining such Net Income plus (C) Consolidated Fixed
Charges for such period plus (D) the one-time non-cash goodwill impairment loss
recognized by the Borrower (in the Fiscal Quarter ending December 31, 2001)
relating to its Subsidiary, T.I.C. Enterprises, L.L.C. ("TIC"),
pursuant to SFAS 142 plus (E) the one-time non-recurring losses recognized by
the Borrower on or prior to September 30, 2002 in connection with the
discontinuance of TIC's operations pursuant to SFAS 144; to (ii) Consolidated
Fixed Charges for such period, to be less than the following:

	
  

  Four Fiscal Quarters Ending

  	
  Minimum
  Fixed Charge Coverage Ratio

  
	
  December
  31, 2001, March 31, 2002 and June 30, 2002

  	
  1.75:1.00

  
	
  September
  30, 2002 and thereafter

  	
  1.50:1.00

  

As
used herein, the terms SFAS 142 and SFAS 144 refer to Statement of Financial
Accounting Standard No. 142 and Statement of Financial Accounting Standard No.
144, respectively."

B.            Sale and Leaseback. 
Effective October [  ], 2002,
Section 5.19 of the Credit Agreement is hereby amended to read in its entirety
as follows:

"5.19           
Sale and Leaseback.  The Borrower shall not, and shall not permit
any of its Subsidiaries to, enter into any arrangement with any Person
providing for the leasing by the Borrower or any Subsidiary of real or personal
property which has been or is to be sold or transferred by the Borrower or such
Subsidiary to such Person if such arrangement(s), individually or in the
aggregate, involve(s) consideration exceeding $50,000,000."

C.            Senior Ratings; Pricing Revisions.  

1.            Effective
October [  ], 2002,Section
5.10 of the Credit Agreement is deleted and the following substituted therefor:

"5.10           
[Intentionally Omitted]."

 

2.            Effective October
[  ], 2002,the definition
of "Applicable Euro-Rate Margin" is amended by deleting the table set forth
therein and substituting the following: 

	
   

   Senior Unsecured Debt Rating

   	
   Applicable

   Euro-Rate Margin

   
	
  Level 1

  Greater
  than or equal to A-/A3

  	
  52.5

  
	
  Level 2

  BBB+/Baa1

  	
  60.0

  
	
  Level 3

  BBB/Baa2

  	
  70.0

  
	
  Level 4

  BBB-/Baa3

  	
  80.0

  
	
  Level 5

  Rated
  less than BBB-/Baa3

  	
  190.0

  

            3.           
Effective
October [  ], 2002,the
definition of Facility Fee Rate is amended by deleting the table set forth
therein and substituting the following: 

	
  Senior Unsecured Debt Rating

  	
  Facility Fee Rate

  
	
  Level 1

  Rated
  greater than or equal to A-/A3

  	
  

  12.5

  
	
  Level 2

  BBB+/Baa1

  	
  

  15.0

  
	
  Level 3

  BBB/Baa2

  	
  

  17.5

  
	
  Level 4

  BBB-/Baa3

  	
  

  20.0

  
	
  Level 5

  Rated
  less than BBB-/Baa3

  	
  

  35.0

  

D.            Furnishing Information. 
Section 4.2 of the Credit Agreement is
hereby amended as follows:

1.            By
deleting the words "and consolidating" from clause (C) of subparagraph (i).

2.            By deleting the words "and
consolidating" from clauses (C) and (D) of subparagaph (ii).

3.            By deleting the word "Andersen" from
subparagraph (ii) thereof and substituting therefor "PricewaterhouseCoopers
LLP".

E.            Permitted Indebtedness Clarification. 
Section 5.13 of the Credit Agreement is
hereby amended by inserting at the beginning of subparagraph (d) thereof the
following:

"Indebtedness of NUI Utilities under the NUI Utilities
Credit Agreement, as amended, extended or otherwise modified in accordance with
its terms, and"

II.            REFERENCES
IN LOAN DOCUMENTS; CONFIRMATION.  All references to the "Credit Agreement" in
any Loan Documents shall, from and after the date hereof, refer to the Credit
Agreement as amended by this Amendment.  All Loan Documents heretofore executed by the Borrower shall remain in
full force and effect and, by the execution of this Amendment by the Borrower,
such Loan Documents are hereby ratified and affirmed.

 

III.            REPRESENTATIONS,
WARRANTIES AND COVENANTS.  The Borrower hereby represents and warrants
to, and covenants and agrees with, the Agent and the Lenders that:

            A.           
The execution and delivery of this
Amendment has been duly authorized by all requisite corporate action on the
part of the Borrower.

            B.           
The representations and warranties
of the Borrower and each of the Guarantors contained in the Credit Agreement
and the other Loan Documents are true and correct in all material respects on
and as of the date of this Amendment as though made at and as of such date,
except to the extent that such representations and warranties relate solely to
an earlier date.  Since the Closing
Date, no event or circumstance has occurred or existed which could reasonably be
expected to have Material Adverse Effect.  As of the date hereof, after giving effect to this Amendment, no
Potential Default or Event of Default has occurred and is continuing.

            C.           
Neither the Borrower, nor any of the
Guarantors, is required to obtain any consent, approval or authorization from,
or to file any declaration or statement with, any governmental instrumentality
or other agency or any other Person in connection with, or as a condition to,
the execution, delivery or performance of this Amendment by such party.

            D.           
This Amendment constitutes the
legal, valid and binding obligation of the Borrower, enforceable against it in
accordance with its terms, subject to bankruptcy, insolvency, reorganization,
moratorium and similar laws affecting the rights and remedies of creditors
generally or the application of principles of equity, whether in any action at
law or proceeding in equity.

            

IV.            CONDITIONS.  
The
willingness of the Agent and the Lenders to amend the Credit Agreement is
subject to the satisfaction of the following conditions precedent:

            A.           
The Borrower shall have executed and
delivered to the Agent (or shall have caused to be executed and delivered to
the Agent by the appropriate persons) the following:

            1.         On
or before the date hereof:

                       
(a)  This Amendment;

                       
(b)  The Confirmation of Guaranty executed by the Guarantors; and

            (c)  True and complete copies of (i) any required stockholders' and/or
directors' consents and (ii) any resolutions required for the due authorization
of the execution, delivery and performance by the Borrower of this Amendment,
certified by a duly authorized officer of the Borrower.

            2.           
Such other supporting documents and
certificates as the Agent, any Lender or their counsel may reasonably request
within the time period(s) reasonably designated by the Agent, such Lender or
their counsel.

            B.           
All legal matters incident to the
transactions hereby contemplated shall be reasonably satisfactory to the
Agent's counsel and to the Lenders' counsel.

V.            MISCELLANEOUS.

            A.           
As provided in the Credit Agreement,
the Borrower agrees to reimburse the Agent upon demand for all reasonable fees
and disbursements of counsel to the Agent incurred in connection with the
preparation of this Amendment.

            B.           
This
Amendment shall be governed by, and construed in accordance with, the law of
the State of New Jersey.

            C.                   
This
Amendment may be executed by the parties hereto in several counterparts hereof
and by the different parties hereto on separate counterparts hereof, all of
which counterparts shall together constitute one and the same agreement.  Delivery of an executed signature page of
this Amendment by facsimile transmission shall be effective as an in-hand
delivery of an original executed counterpart hereof.

[The next
pages are the signature pages.]

IN WITNESS WHEREOF, the
parties hereto, intending to be legally bound hereby, 

have caused this Third Amendment to Credit Agreement
to be executed by their respective officers thereunto duly authorized as of the
date first written above.

ATTEST:                       
NUI CORPORATION

By: /S/  Carol
A. Sliker                                              
By: /S/ Charles N. Garber

Name:  Carol A.
Sliker                                              
Name:
Charles N. Garber

 

Title:    Assistant Secretary                                             
Title: Vice President of Finance & Treasurer

FLEET
NATIONAL BANK,

in its capacity
as the Agent hereunder

By:  /S/  Stephen J. Hoffman

Name:   Stephen J. Hoffman

Title:     Director

 

IN WITNESS WHEREOF,
intending to be legally bound hereby, the undersigned Lender has caused this
Third Amendment to Credit Agreement by and among NUI CORPORATION, THE LENDERS
PARTY HERETO and FLEET NATIONAL BANK, as Agent, to be executed by its duly authorized officers as
of the date first above written.

                        FLEET NATIONAL BANK

]

                        By: 
/S/  Stephen J. Hoffman

                        Name:   Stephen J. Hoffman

                       
Title:    
Director

IN WITNESS WHEREOF,
intending to be legally bound hereby, the undersigned Lender has caused this
Third Amendment to Credit Agreement by and among NUI CORPORATION, THE LENDERS
PARTY HERETO and FLEET NATIONAL BANK, as Agent, to be executed by its duly authorized officers as
of the date first above written.

                        PNC BANK, NATIONAL
ASSOCIATION

                        By:    
/S/  Michael Richards

                        Name:      Michael Richards

                       
Title:       Vice
President

IN WITNESS WHEREOF,
intending to be legally bound hereby, the undersigned Lender has caused this
Third Amendment to Credit Agreement by and among NUI CORPORATION, THE LENDERS
PARTY HERETO and FLEET NATIONAL BANK, as Agent, to be executed by its duly authorized officers as
of the date first above written.

                                                                        WACHOVIA
BANK, National Association

                        (f/k/a
FIRST
UNION NATIONAL BANK)

                        By:     
/S/  Rotcher Watkins

                        Name:       Rotcher Watkins

                       
Title:       
Managing Director

IN WITNESS WHEREOF,
intending to be legally bound hereby, the undersigned Lender has caused this
Third Amendment to Credit Agreement by and among NUI CORPORATION, THE LENDERS
PARTY HERETO and FLEET NATIONAL BANK, as Agent, to be executed by its duly authorized officers as
of the date first above written.

                        BANK OF TOKYO-MITSUBISHI TRUST

                        COMPANY

                        By:     /S/ 
J. William Rhodes

                        Name:      J. William Rhodes

                       
Title:       Vice
President

IN WITNESS WHEREOF,
intending to be legally bound hereby, the undersigned Lender has caused this
Third Amendment to Credit Agreement by and among NUI CORPORATION, THE LENDERS
PARTY HERETO and FLEET NATIONAL BANK, as Agent, to be executed by its duly authorized officers as
of the date first above written.

                        CITIZENS BANK

                        By:    
/S/   Michael Ovellet

                        Name:       Michel Ovellet

                      
Title:        Vice
President

IN WITNESS WHEREOF, intending
to be legally bound hereby, the undersigned Lender has caused this Third
Amendment to Credit Agreement by and among NUI CORPORATION, THE LENDERS PARTY
HERETO and FLEET
NATIONAL BANK,
as Agent, to be executed by its duly authorized officers as of the date first
above written.

                        CIBC
INC.

                        By:     
/S/  Nora Q. Catiis

                        Name:       Nora Q. Catiis

                       
Title:        
Authorized Signatory

IN WITNESS WHEREOF,
intending to be legally bound hereby, the undersigned Lender has caused this
Third Amendment to Credit Agreement by and among NUI CORPORATION, THE LENDERS
PARTY HERETO and FLEET NATIONAL BANK, as Agent, to be executed by its duly authorized officers as
of the date first above written.

                        MELLON BANK, N.A.

            

                        By:     
/S/  Roger N. Stanier

                        Name:       Roger N. Stanier

                       
Title:        
Vice PresidentFOURTH AMENDMENT TO CREDIT AGREEMENT

FOURTH AMENDMENT TO CREDIT AGREEMENT

            THIS FOURTH
AMENDMENT TO CREDIT AGREEMENT (this "Amendment") dated as
of November 13, 2002, by and among NUI CORPORATION, a New Jersey corporation
(the "Borrower"); the lenders from time to time parties
thereto (collectively, the "Lenders" and each individually, a
"Lender"); FLEET NATIONAL BANK, as Agent for the
Lenders (in such capacity, with its successors and assigns, the "Agent");
PNC BANK, NATIONAL ASSOCIATION, as Syndication Agent (in such capacity,
with its successors and assigns, the "Syndication Agent"); and
FIRST UNION NATIONAL BANK, as Documentation Agent (in such capacity,
with its successors and assigns, the "Documentation Agent"). 

RECITALS

            A.           
The Borrower, the Lenders, the
Agent, the Syndication Agent and the Documentation Agent are parties to that
certain Credit Agreement dated as of December 19, 2001, as amended through the
date hereof (the "Credit Agreement").  Capitalized terms used herein without
definition have the meanings assigned to them in the Credit Agreement.

            B.           
The Borrower has requested that the
Termination Date be extended from December 18, 2002 to February 12, 2003, with
pricing adjustments to be effective from and after December 19, 2002, all as
set forth below.

            C.           
The Lenders are willing to consent
to such amendments on the terms and conditions hereinafter set forth.

            NOW, THEREFORE,
for good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties hereto agree as follows:

I.            AMENDMENTS
TO CREDIT AGREEMENT.         Subject
to the satisfaction of each of the conditions set forth herein, the Credit
Agreement is hereby amended as follows:

A.            Extension
of Termination Date.  Section 1.1 of the Credit Agreement is amended by
deleting the definition of "Termination Date" set forth therein and
substituting the following:

"Termination Date"
means February 12, 2003, unless earlier terminated in accordance with the terms
hereof.

B.            Pricing.  

1.            Effective
December 19, 2002,the
definition of "Applicable Euro-Rate Margin" set forth in Section 1.1
of the Credit Agreement is amended by deleting the table set forth therein and
substituting the following:  

	
   

   Senior Unsecured Debt Rating

   	
   Applicable

   Euro-Rate Margin

   
	
  Level 1

  Greater than or equal to A-/A3

  	
  75.0

  
	
  Level 2

  BBB+/Baa1

  	
  85.0

  
	
  Level 3

  BBB/Baa2

  	
  95.0

  
	
  Level 4

  BBB-/Baa3

  	
  105.0

  
	
  Level 5

  Rated less than BBB-/Baa3

  	
  190.0

  

 2.            For the convenience of the parties,
the amendment of the table included in the definition of Facility Fee Rate
effected as of October 25, 2002 pursuant to the Third Amendment to Credit
Agreement among the parties executed on such date is set forth in its entirety below:

	
  Senior Unsecured Debt Rating

  	
  Facility Fee Rate

  
	
  Level 1

  Rated greater than or equal to A-/A3

  	
  12.5

  
	
  Level 2

  BBB+/Baa1

  	
  15.0

  
	
  Level 3

  BBB/Baa2

  	
  17.5

  
	
  Level 4

  BBB-/Baa3

  	
  20.0

  
	
  Level 5

  Rated less than BBB-/Baa3

  	
  35.0

  

II.            REDUCTION
OF COMMITMENTS.  Effective as of December 18,
2002, at the Borrower's request under Section 2.10 of the Credit Agreement,
the aggregate Commitments shall be permanently reduced from $80,000,000 to
$55,000,000.  Each Lender's Commitment,
after giving pro rata effect to such reduction, is set forth
opposite its name on the signature page hereto.

III.            REFERENCES
IN LOAN DOCUMENTS; CONFIRMATION.  All references to the "Credit Agreement" in
any Loan Documents shall, from and after the date hereof, refer to the Credit
Agreement as amended by this Amendment.  All Loan Documents heretofore executed by the Borrower shall remain in
full force and effect and, by the execution of this Amendment by the Borrower,
such Loan Documents are hereby ratified and affirmed.

 

IV.            REPRESENTATIONS,
WARRANTIES AND COVENANTS.  The Borrower
hereby represents and warrants to, and covenants and agrees with, the Agent and
the Lenders that:

            A.           
The execution and delivery of this
Amendment has been duly authorized by all requisite corporate action on the
part of the Borrower.

            B.           
The representations and warranties
of the Borrower and each of the Guarantors contained in the Credit Agreement
and the other Loan Documents are true and correct in all material respects on
and as of the date of this Amendment as though made at and as of such date,
except to the extent that such representations and warranties relate solely to
an earlier date.  Since the Closing
Date, no event or circumstance has occurred or existed which could reasonably
be expected to have Material Adverse Effect.  As of the date hereof, after giving effect to this Amendment, no
Potential Default or Event of Default has occurred and is continuing.

            C.           
Neither the Borrower, nor any of the
Guarantors, is required to obtain any consent, approval or authorization from,
or to file any declaration or statement with, any governmental instrumentality
or other agency or any other Person in connection with, or as a condition to,
the execution, delivery or performance of this Amendment by such party.

            D.           
This Amendment constitutes the
legal, valid and binding obligation of the Borrower, enforceable against it in
accordance with its terms, subject to bankruptcy, insolvency, reorganization,
moratorium and similar laws affecting the rights and remedies of creditors
generally or the application of principles of equity, whether in any action at
law or proceeding in equity.

V.            CONDITIONS.  
The
willingness of the Agent and the Lenders to amend the Credit Agreement is
subject to the satisfaction of the following conditions precedent:

            A.           
The Borrower shall have executed and
delivered to the Agent (or shall have caused to be executed and delivered to
the Agent by the appropriate persons) the following:

            1.           
On
or before the date hereof:

                       
(a)  This Amendment;

                       
(b)  The Confirmation of Guaranty executed by the Guarantors; and

            (c)  True and complete copies of (i) any required stockholders' and/or
directors' consents and (ii) any resolutions required for the due authorization
of the execution, delivery and performance by the Borrower of this Amendment,
certified by a duly authorized officer of the Borrower.

            2.           
Such other supporting documents and
certificates as the Agent, any Lender or their counsel may reasonably request
within the time period(s) reasonably designated by the Agent, such Lender or
their counsel.

            B.           
All legal matters incident to the
transactions hereby contemplated shall be reasonably satisfactory to the
Agent's counsel and to the Lenders' counsel.

VI.            MISCELLANEOUS.

            A.           
As provided in the Credit Agreement,
the Borrower agrees to reimburse the Agent upon demand for all reasonable fees
and disbursements of counsel to the Agent incurred in connection with the
preparation of this Amendment.

            B.           
This
Amendment shall be governed by, and construed in accordance with, the law of
the State of New Jersey.

            C.                   
This
Amendment may be executed by the parties hereto in several counterparts hereof
and by the different parties hereto on separate counterparts hereof, all of
which counterparts shall together constitute one and the same agreement.  Delivery of an executed signature page of
this Amendment by facsimile transmission shall be effective as an in-hand
delivery of an original executed counterpart hereof.

[The next
pages are the signature pages.]

IN WITNESS WHEREOF, the
parties hereto, intending to be legally bound hereby, 

have caused this Fourth Amendment to Credit Agreement
to be executed by their respective officers thereunto duly authorized as of the
date first written above.

ATTEST:                       
NUI CORPORATION

By: /S/  Joyce
M. Fajnor                                            
By:
/S/ Charles N. Garber

Name:  Joyce M.
Fajnor                                            
Name:
Charles N. Garber

 

Title:    Assistant Secretary                                             
Title: Vice President of Finance & Treasurer

By: /S/  Joyce
M. Fajnor                                            
By:
/S/ A. Mark Abramovic

Name:  Joyce M.
Fajnor                                            
Name:
A. Mark Abramovic

 

Title:    Assistant Secretary                                             
Title: Sr. VP, COO and CFO

FLEET
NATIONAL BANK,

in its capacity
as the Agent hereunder

By:  /S/  Stephen J. Hoffman

Name:   Stephen J. Hoffman

Title:     Director

 

IN WITNESS WHEREOF,
intending to be legally bound hereby, the undersigned Lender has caused this
Fourth Amendment to Credit Agreement by and among NUI CORPORATION, THE LENDERS
PARTY HERETO and FLEET NATIONAL BANK, as Agent, to be executed by its duly authorized officers as
of the date first above written.

Commitment
After Reduction:           
FLEET NATIONAL BANK

$11,000,000.00

Commitment Percentage:                       
By:  /S/  Stephen
J. Hoffman

            0.200000%    
Name:   Stephen J. Hoffman

            Title:    
Director

IN WITNESS WHEREOF,
intending to be legally bound hereby, the undersigned Lender has caused this
Fourth Amendment to Credit Agreement by and among NUI CORPORATION, THE LENDERS
PARTY HERETO and FLEET NATIONAL BANK, as Agent, to be executed by its duly authorized officers as
of the date first above written.

Commitment
After Reduction:           
PNC BANK, NATIONAL
ASSOCIATION

$9,777,777.78

Commitment Percentage:                       
By:     /S/  Michael Richards

            0.177778%    
Name:      Michael Richards

            Title:      
Vice
President

IN WITNESS WHEREOF,
intending to be legally bound hereby, the undersigned Lender has caused this
Fourth Amendment to Credit Agreement by and among NUI CORPORATION, THE LENDERS
PARTY HERETO and FLEET NATIONAL BANK, as Agent, to be executed by its duly authorized officers as
of the date first above written.

Commitment
After Reduction:           
FIRST UNION NATIONAL BANK

$9,777,777.78

Commitment Percentage:                       
By:      /S/  Rotcher Watkins

            0.177778%    
Name:       Rotcher Watkins

            Title:       
Managing Director

IN WITNESS WHEREOF,
intending to be legally bound hereby, the undersigned Lender has caused this
Fourth Amendment to Credit Agreement by and among NUI CORPORATION, THE LENDERS
PARTY HERETO and FLEET NATIONAL BANK, as Agent, to be executed by its duly authorized officers as
of the date first above written.

Commitment After Reduction:BANK OF TOKYO-MITSUBISHI
TRUST

            $7,333,333.33COMPANY

Commitment Percentage:

            0.133333%    
By:     /S/  J. William Rhodes

                       
Name:      J. William Rhodes

            Title:      
Vice
President

IN WITNESS WHEREOF,
intending to be legally bound hereby, the undersigned Lender has caused this
Fourth Amendment to Credit Agreement by and among NUI CORPORATION, THE LENDERS
PARTY HERETO and FLEET NATIONAL BANK, as Agent, to be executed by its duly authorized officers as
of the date first above written.

Commitment
After Reduction:           
CITIZENS BANK

$7,333,333.33

Commitment Percentage:                       
By:     /S/   Michael Ovellet

            0.133333%    
Name:       Michel Ovellet

            Title:       
Vice
President

IN WITNESS WHEREOF,
intending to be legally bound hereby, the undersigned Lender has caused this
Fourth Amendment to Credit Agreement by and among NUI CORPORATION, THE LENDERS
PARTY HERETO and FLEET NATIONAL BANK, as Agent, to be executed by its duly authorized officers as
of the date first above written.

Commitment After Reduction:           
CIBC INC.

$6,111,111.11

Commitment Percentage:                       
By:      /S/  George Knight

            0.111111%    
Name:       George Knight

            Title:        
Managing Director

                                                                                       
CIBC World Markets Corp as Agent

IN WITNESS WHEREOF,
intending to be legally bound hereby, the undersigned Lender has caused this
Fourth Amendment to Credit Agreement by and among NUI CORPORATION, THE LENDERS
PARTY HERETO and FLEET NATIONAL BANK, as Agent, to be executed by its duly authorized officers as
of the date first above written.

Commitment
After Reduction:           
MELLON BANK, N.A.

            $3,666,666.67

Commitment Percentage:                       
By:      /S/  Roger N. Stanier

            0.066667%    
Name:       Roger N. Stanier

            Title:        
Vice President

CONFIRMATION
OF GUARANTY

            Each of the undersigned Guarantors
hereby joins in the execution of the foregoing Fourth Amendment to Credit
Agreement, dated November 13, 2002 and effective as of December 19, 2002 (the
"Amendment"), to which this Confirmation of Guaranty is
attached (1) to confirm its consent, to the extent required, to all of the
transactions contemplated by the Amendment and (2) to confirm and ratify its
Guaranty Agreement (the "Guaranty") entered into as required
under such Credit Agreement, dated as of December 19, 2001, in favor of the
Agent on behalf of the Lenders, which Guaranty remains in full force and
effect.  Capitalized terms used herein
without definition have the meanings assigned to them in the Credit Agreement,
as amended.

Each of the undersigned Guarantors hereby agrees that
the representations and warranties contained in the Credit Agreement and the
other Loan Documents with respect to the undersigned are true and correct in
all material respects on and as of the date hereof as though made at and as of
such date, except
to the extent that such representations and warranties expressly relate to an
earlier date.  Since the Closing Date, no event or circumstance has
occurred or exists which could reasonably be expected to have Material Adverse
Effect.  As of the date hereof and after
giving effect to the Amendment, no Potential Default or Event of Default has
occurred and is continuing.

                                                                            
NUI
CAPITAL CORP.

                                                                            
By:    /S/  Charles N. Garber

               
Title:
Treasurer

                                                                            
By:    /S/  A. Mark Abramovic

               
Title:  Vice President

                                                                            
UTILITY
BUSINESS SERVICES, INC.

                                                                            
By:    /S/  Charles N. Garber

               
Title:
Treasurer

                                                                            
By:    /S/  A. Mark Abramovic

               
Title:
Vice President

                                                                            
NUI
ENERGY BROKERS, INC.

                                                                            
By:    /S/  Charles N. Garber

               
Title:
Treasurer

                                                                            
By:    /S/  A. Mark Abramovic

               
Title:
Vice President

                                                                            
NUI
ENERGY SOLUTIONS, INC.

                                                                            
By:    /S/  Patti Helfer

               
Title:  Treasurer

                                                                            
By:  /S/  Robert F. Lurie

               
Title:
President

                                                                            
NUI
ENVIRONMENTAL GROUP, INC.

                                                                            
By:    /S/  Charles N. Garber

               
Title:
Treasurer

                                                                            
By:    /S/  A. Mark Abramovic

               
Title:
Vice President

                                                                            
NUI
ENERGY, INC.

                                                                            
By:    /S/  Patti Helfer

               
Title:  Treasurer

                                                                            
By:  /S/  Robert F. Lurie

               
Title:
President

                                                                            
NUI INTERNATIONAL, INC.

                                                                            
By:    /S/  Charles N. Garber

               
Title:
Treasurer

                                                                            
By:    /S/  A. Mark Abramovic

               
Title:
Vice President

                                                                            
NUI
TELECOM, INC.

                                                                            
By:    /S/  Patti Helfer

               
Title:  Treasurer

                                                                            
By:  /S/  Robert F. Lurie

               
Title:
President

                                                                            
NUI SERVICE, INC.

                                                                            
By:    /S/  Charles N. Garber

               
Title:
Treasurer

                                                                            
By:    /S/  A. Mark Abramovic

               
Title:
Vice President

                                                                            
NUI SALES MANAGEMENT, INC.

                                                                            
By:    /S/  Charles N. Garber

               
Title:
Treasurer

                                                                            
By:    /S/  A. Mark Abramovic

               
Title:
Vice President

                                                                             T.I.C. ENTERPRISES, L.L.C.

                                                                            
By:    /S/  Charles N. Garber

               
Title:
Treasurer

                                                                            
By:    /S/  A. Mark Abramovic

               
Title:
Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00046-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00046-of-00352.parquet"}]]