Document:

exv10w56

Exhibit 10.56

ASSET MANAGEMENT AGREEMENT

Identifier: JOHND2011-SSTFSS- TCO #2.1

Page 1 of 3

          This Asset Management Agreement (“AMA”) is a contract by and between John D. Oil and Gas
Marketing, LLC (“John D.”) and Gas Natural Service Company, LLC (“Service Company”) which permits
Service Company to use John D.’s Service Agreement #99046 (hereinafter the “FSS” agreement) and
#99048 (hereinafter the “SST” agreement) for the transportation and storage of natural gas on
Columbia Gas Transmission, LLC (“Columbia”). John D. and Service Company (jointly “The Parties”)
expressly agree to use the 2006 version of the North American Energy Standards Board contract (the
“NAESB” contract), as modified by the Parties, for such natural gas sales from Service Company to
John D. as may occur, from time-to-time, as evidenced by a valid confirmation agreement.
Therefore, this AMA incorporates the provisions of the NAESB contract unless a specific provision
of the AMA expressly contradicts a provision of the NAESB contract.

	 	1.	 	Asset Management Agreement. John D. and Service Company agree that Service Company
shall become the Asset Manager of John D. for the FSS and SST service agreements.
	 
	 	2.	 	Regulatory Compliance. It is the express intention of John D. and of Service Company
to comply with all aspects of the rules, regulations and decisions of the Federal Energy
Regulatory Commission (the “FERC”) regarding Asset Management Agreements that were in
effect at the time of execution of this Addendum, or as such rules, regulations and
decisions may be changed throughout the term of the AMA. Deviations from such rules,
regulations and decisions of the FERC related to AMAs are due to mistake or inadvertence
and not to intent. If an action occurs that results in a material deviation from the
rules, regulations or decisions of the FERC, John D. and Service Company
pledge to make a good faith effort to rectify such deviations, when discovered by either or
both of them.
	 
	 	3.	 	Term of Contract. This AMA shall commence upon execution by duly authorized representatives
of each Signatory. The provisions of the AMA governing the release to Service Company of John
D’s FSS and SST service agreements, and all revisions thereto,

 

 

	 	4.	 	with Columbia may be terminated upon the mutual written agreement of the
Parties or unilaterally upon thirty (30) days prior written notice by John D. to Service
Company.
	 
	 	5.	 	Pricing of Released Capacity. Service Company agrees: (1) to assume all the rights and
obligations specified in the FSS and SST Service Agreements, including payment of all costs
related to such Service Agreements including but not limited to rates, fuel charges,
authorized or unauthorized over-run charges, penalties or fees as are approved by the FERC
for Columbia’s FSS and SST service agreements; and (2) to hold John D. harmless from the
incurrence of all such Service Agreement costs. Service Company shall have the absolute
right to receive any FERC ordered refunds or rebates allocated to each Service Agreement.
	 
	 	6.	 	Express Conditions — Rights of Recall. The Parties agree that the underlying Service
Agreements include natural gas storage services. Therefore, John D. agrees that Service
Company will have full beneficial use of the FSS and SST capacity specified in such Service
Agreements EXCEPT Service Company agrees that John D. may on any day recall, for storage
withdrawals or injections as applicable, up to 100 percent of the daily contract demand
from the Service Company’s capacity under either or both such Service Agreements.
	 
	 	 	 	The price of the natural gas so delivered shall be as specified in a confirmation agreement
to the NAESB base sales contract.
	 
	 	7.	 	Appointment of Agent on Columbia. John D. agrees to tender this capacity release
transaction for timely posting on Columbia’s internet website in accord with the rules and
regulations of the FERC and Columbia’s tariff and to timely post capacity recalls, if any.
	 
	 	8.	 	Assignment: All of the covenants, conditions and obligations of this contract shall
extend to and be binding upon the heirs, personal representatives, successors and assigns
respectively of the parties hereto, provided, however, that this contract shall not be
assigned by John D. or by the Service Company without the written consent of the other
parties, which consent shall not be unreasonably withhold. Notwithstanding the foregoing,
no consent shall be required if John D. assigns this contract to an affiliated marketing
company or if the Service Company assigns this contract to an affiliated Service Company.
For purposes of this contract an affiliate shall mean an entity or person that, directly or
indirectly, through one or more intermediaries, controls, is controlled by, or is under
common control with, such first entity or person.

            THEREFORE, Service Company agrees to become the Asset Manager and Agent of John D. as described
above, and Service Company agrees to enter into a pre-arranged capacity release of Service Agreement #99048 for SST capacity and Service Agreement #99046 for FSS capacity on the
Columbia pipeline, subject to John D’s rights of recall as specified above, which

 

 

ASSET MANAGEMENT AGREEMENT

Identifier: JOHND2011-SSTFSS- TCO #2.1

are not to be diminished by any contract entered into by Service Company or its assignees
with John D. or with any other third party, whether affiliated or not affiliated.

     IN WITNESS WHEREOF, the Parties have executed this Asset Management Agreement.

This AMA may be executed in counterparts, an original of each signed AMA to be delivered to the counterparty.

	 	 	 	 	 
	 	Asset Manager: Gas Natural Service Company, LLC

 	 
	 	By:  	/s/ Jonathan A. Harrington
 	 
	 	 	Name:  	Jonathan A. Harrington 	 
	 	 	Title:  	Controller, Gas Natural, Inc.
	 
	 	 	Date:2/24/2011 	 
	 
	 	Capacity Releaser: John D. Oil and Gas

             Marketing, LLC

 	 
	 	By:  	/s/ Rebecca Howell
 	 
	 	 	Name:  	Rebecca Howell 	 
	 	 	Title:  	Controller & Secretary
	 
	 	 	
Date:       2/24/2011exv10w57

Exhibit 10.57

ASSET MANAGEMENT AGREEMENT

Identifier: NEO2011-GTS- TCO #1.2

     This Asset Management Agreement (“AMA”) is a contract by and between John D. Oil and Gas
Marketing, LLC (“John D.”) and Gas Natural Service Company, LLC (“Service Company”) which permits
Service Company to become John D.’s asset manager for the transportation and storage of natural gas
on Columbia Gas Transmission, LLC (“Columbia”) pursuant to Service Agreement #37959.

RECITALS

     Whereas, Northeast Ohio Natural Gas Company (“NEO”) entered into a capacity release and Asset
Management agreement with John D. on January 4, 2010, which was subsequently assigned the
Identifier: NEO2010 — GTS — TCO #1.1 (hereinafter the “GTS” contract); and

     Whereas, John D. has named Service Company John D’s Asset Manager for certain FSS and SST
Service Agreements for storage and transportation capacity on Columbia; and

     Whereas, John D. desires to combine the GTS capacity with such FSS and SST capacity in the
most efficient manner;

     Now therefore, the Parties agree as follows:

	 	1.	 	Asset Management Agreement. John D. and Service Company agree that Service
Company shall become the Asset Manager of John D. for the GTS contract and all capacity
under Service Agreement #37959 on Columbia.
	 
	 	2.	 	NAESB Contract: John D. and Service Company agree to use the base contract of
the 2006 version of the North American Energy Standards Board contract (the “NAESB”
contract) for such sales transactions that use the GTS capacity, from time-to-time, as
evidenced by a valid confirmation agreement. Therefore, this AMA
incorporates the provisions of the NAESB contract unless a specific provision of the AMA
expressly contradicts a provision of the NAESB contract.
	 
	 	3.	 	Regulatory Compliance. It is the express intention of John D. and of Service Company to comply
with all aspects of the rules, regulations and decisions of the Federal Energy Regulatory
Commission (the “FERC”) regarding Asset Management Agreements that were in effect at the time of
execution of this Contract. Deviations from such rules, regulations and decisions of the FERC
related to AMAs are due to

 

 

ASSET MANAGEMENT AGREEMENT

Identifier: NEO2011-GTS- TCO #1.2

	 	4.	 	mistake or inadvertence and not to intent. If an action occurs that results in a
material deviation from the rules, regulations or decisions of the FERC, John D. and
Service Company pledge to make a good faith effort to rectify such deviations, when
discovered by either or both of them.
	 
	 	5.	 	Term of Contract. This AMA shall commence upon execution by duly authorized
representatives of each Signatory. The provisions of the AMA governing the capacity
release of the GTS capacity, and all revisions thereto, may be terminated upon the
mutual written agreement of the Parties or unilaterally upon thirty (30) days
prior written notice by John D. to Service Company.
	 
	 	6.	 	Pricing of Released Capacity. Service Company agrees: (1) to assume all the
rights and obligations specified in the GTS Service Agreement on Columbia, including
payment of all costs related to the Service Agreement including but not limited to
rates, fuel charges, authorized or unauthorized over-run charges, penalties or fees as
approved by the FERC for Columbia’s GTS service agreements; and (2) to hold John D.
harmless from the incurrence of all such Service Agreement costs. Service Company shall
have the absolute right to receive any FERC ordered refunds or rebates allocated to
each Service Agreement.
	 
	 	7.	 	Express Conditions — Rights of Recall. John D. agrees that Service Company
will have full beneficial use of the GTS capacity EXCEPT Service Company agrees that
John D. may on any day during a minimum period of five months/155 days out of each
twelve-month period of the release (and on five-twelfths of the days of any additional
period of the release not equal to twelve months), call upon Service Company to deliver
to John D. one-hundred percent of the daily contract demand specified in each Service
Agreement. The price of the natural gas so delivered shall be as specified in a
confirmation agreement to the NAESB base sales contract.
	 
	 	8.	 	Appointment of Agent on Columbia. John D. agrees to undertake the timely
posting of the capacity release and such capacity release recalls, as may occur from
time-to-time, on Columbia’s internet website in accord with the rules and regulations
of the FERC and Columbia’s tariff.
	 
	 	9.	 	Assignment: All of the covenants, conditions and obligations of this contract
shall extend to and be binding upon the heirs, personal representatives, successors and
assigns respectively of the parties hereto, provided, however, that this contract shall
not be assigned by John D. or by the Service Company without the written consent of the
other parties, which consent shall not be unreasonably withhold. Notwithstanding
the foregoing, no consent shall be required if John D. assigns this contract to an
affiliated marketing company or if the Service Company assigns this contract to an
affiliated Service Company. For purposes of this contract an affiliate shall mean an
entity or person that, directly or indirectly, through one or more intermediaries,

 

 

ASSET MANAGEMENT AGREEMENT

Identifier: NEO2011-GTS- TCO #1.2

	 	 	 	controls, is controlled by, or is under common control with, such first entity or
person.
	 
	 	10.	 	Termination of Asset Management and Agency Agreements. Service Company shall
act as John D.’s agent as described above on Columbia until this AMA is terminated in
writing as provided in Paragraph 3 above EXCEPT that if this contract is terminated or
determined to be invalid, the provisions of NEO2010 — GTS — TCO #1.1 shall remain in
full force and effect and Service Company shall have a duty to execute such forms and
agreements as will permit John D. to exercise its full rights under NEO2010 — GTS —
TCO #1.1.

     THEREFORE, Service Company agrees to become the Asset Manager of John D. as described above,
and John D. agrees to enter into a pre-arranged capacity release and Asset Management Agreement
for GTS capacity pursuant to Service Agreement #37959 with the Columbia pipeline, subject to John
D’s rights of recall as specified above, which are not to be diminished by any contract entered
into by Service Company or its assignees with John D. or with any other third party, whether
affiliated or not affiliated.

     IN WITNESS WHEREOF, the Parties have executed this Asset Management Agreement.

This AMA may be executed in counterparts, an original of each signed AMA to be delivered to the counterparty.

	 	 	 	 	 	 	 

	 
	Asset Manager:	 	Capacity Releaser:
	Gas Natural Service Company, LLC	 	John D. Oil & Gas Marketing, LLC
	 
	By: 	 /s/ Jonathan A. Harrington	 	By: 	              /s/ Rebecca Howell
	 	Name: 	 Jonathan A. Harrington	 	 	Name: 	            Rebecca Howell
	 	Title:	 Controller, Gas Natural, Inc.	 	 	Title:	           Controller & Secretary
	 	Date: 2/24/2011	 	 	Date:            2/24/2011

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