Document:

Exhibit 10.23

 

TRAVELPORT AMERICAS, INC.

OFFICER DEFERRED COMPENSATION PLAN

 

ARTICLE 1-INTRODUCTION

 

1.1       Purpose of Plan

 

The
Company has adopted the Plan set forth herein to provide a means by which
certain employees may elect to defer receipt of designated percentages or
amounts of their Compensation and to provide a means for certain other
deferrals of Compensation.

 

1.2       Status of Plan

 

The
Plan is intended to be “a plan which is unfunded and is maintained by an
employer primarily for the purpose of providing deferred compensation for a
select group of management or highly compensated employees” within the meaning
of Sections 201(2) and 301(a)(3) of the Employee Retirement Income Security Act
of 1974 (“ERISA”), and shall be interpreted and administered to the extent
possible in a manner consistent with such intent.  The Plan is also intended to comply with the
American Jobs Creation Act of 2004 and Internal Revenue Code Section 409A and
the regulations and guidance thereunder and shall be interpreted accordingly.

 

ARTICLE 2-DEFINITIONS

 

Wherever
used herein, the following terms have the meanings set forth below, unless a
different meaning is clearly required by the context:

 

2.1
Account means, for
each Participant, the account established for his or her benefit under Section
5.1.

 

2.2
Adoption Agreement means
such agreement, if deemed by the Company to be necessary and appropriate,
between Merrill Lynch and the Employer establishing the Plan and/or containing
all the options selected by the Employer, as the same may be amended from time
to time.

 

2.3
Change of Control means
(i) for the purposes of vesting of any Account balances, either (A) the sale or
disposition, in one or a series of transactions, of “all or substantially all
of the assets” of the Company and its subsidiaries, taken as a whole, to any
“person” or “group” (as such terms are defined in Sections 13(d)(3) and
14(d)(2) of the Exchange Act) other than affiliates of The Blackstone Group or
(ii) any person or group, other than affiliates of The Blackstone Group, 

 

 

is
or becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under
the Exchange Act), directly or indirectly, of a larger percentage of the total
voting power of the Company and its subsidiaries, taken as a whole, than affiliates
of The Blackstone Group (including by way of merger, consolidation or
otherwise) and affiliates of The Blackstone Group cease to control the board of
directors of the Company,  or (iii) for
purposes of distribution of Account balances, a change in the ownership or
effective control of the Company, or in the ownership of a substantial portion
of the Company’s assets, within the meaning of Code Section 409A.

 

2.4
Code means the
Internal Revenue Code of 1986, as amended from time to time. Reference to any
section or subsection of the Code includes reference to any comparable or
succeeding provisions of any legislation which amends, supplements or replaces
such section or subsection.

 

2.5
Company shall mean
Travelport Americas, Inc. and its successors.

 

2.6
Compensation has the
meaning elected by the Employer in the Adoption Agreement, or as otherwise
determined by the Employer.

 

2.7
Effective Date means
the date chosen in the Adoption Agreement as of which the Plan first becomes
effective from time to time.

 

2.8
Election Form means
the participation election form as approved and prescribed by the Plan
Administrator.

 

2.9
Elective Deferral
means the portion of Compensation which is deferred by a Participant under
Section 4.1.

 

2.10
Eligible Employee means,
on the Effective Date or on any date thereafter, each employee of the Employer
who satisfies the criteria established in the Adoption Agreement, or as
otherwise determined by the Employer in its sole discretion.

 

2.11
Employer means the
corporation referred to in the Adoption Agreement, any successor to all or a
major portion of the Employer’s assets or business which assumes the
obligations of the Employer, and each other entity that is affiliated with the
Employer which adopts the Plan with the consent of the Employer, provided that
the Employer that signs the Adoption Agreement shall have the sole power to
amend this Plan and shall be the Plan Administrator if no other person or
entity is so serving at any time.

 

2.12
ERISA means the
Employee Retirement Income Security Act of 1974, as amended from time to time.
Reference to any section or subsection of ERISA includes reference to any
comparable or succeeding provisions of any legislation which amends,
supplements or replaces such section or subsection.

 

2

 

2.13
Matching Deferral means
a deferral for the benefit of a Participant as described in Section 4.2.

 

2.14
Participant means any
individual who participates in the Plan in accordance with Article 3.

 

2.15
Plan means this
Travelport Americas, Inc. Deferred Compensation Plan, as amended from time to
time, and the provisions of the Adoption Agreement incorporated therein.

 

2.16
Plan Administrator means
the person, persons or entity designated by the Employer in the Adoption
Agreement to administer the Plan and to serve as the agent for “Company” with
respect to the Trust as contemplated by the agreement establishing the Trust.
If no such person or entity is so serving at any time, the Employer shall be
the Plan Administrator.

 

2.17
Plan Year means the
12-month period chosen in the Adoption Agreement.

 

2.18
Disability or Disabled means
(a) the inability of a Participant to engage in any substantial gainful
activity by reason of any medically determinable physical or mental impairment
that can be expected to result in death or can be expected to last for a
continuous period of not less than twelve (12) months, or (b) the Participant
is, by reason of any medically determinable physical or mental impairment that can
be expected to result in death or can be expected to last for a continuous
period of not less than twelve (12) months, receiving income replacement
benefits for a period of not less than three (3) months under an accident and
health plan covering employees of the Employer; provided that a Participant
shall only be considered to have a Disability or be Disabled if such
Participant has a “disability” or is “disabled” within the meaning of such
terms under Code Section 409A. 
Notwithstanding the foregoing, a Participant shall be deemed Disabled if
he or she is determined to be totally disabled by the Social Security
Administration.  The Plan Administrator
shall determine whether or not a Participant is Disabled based on such evidence
as the Plan Administrator deems necessary or advisable.

 

2.19
Separation from Service
means a Participant’s death, retirement or other termination of employment with
the Employer and all of its affiliates (as determined in accordance with Code
Section 409A(2)(A)(i)). For this purpose, the employment relationship shall, to
the extent required under Code Section 409A to avoid the imposition of
additional or accelerated taxation, be treated as continuing intact while the
Participant is on military leave, sick leave or other bona fide leave of
absence (such as temporary employment by the government), except that if the
period of such leave exceeds six (6) months and the Participant’s right to
reemployment is not provided for by statute or contract, then 

 

3

 

the
employment relationship shall be deemed to have terminated on the first day
immediately following such six-month period.

 

2.20
Trust means the trust
established by the Employer that identifies the Plan as a plan with respect to
which assets are to be held by the Trustee.

 

2.21
Trustee means the
trustee or trustees under the Trust.

 

2.22
Year of Service means
the computation period and service requirement elected in the Adoption
Agreement.

 

ARTICLE 3-PARTICIPATION

 

3.1
Commencement of Participation

 

Any
individual who elects to defer part of his or her Compensation in accordance
with Section 4.1 shall become a Participant in the Plan as of the date such
deferrals commence in accordance with Section 4.1 whether or not any such
election is made.

 

3.2
Continued Participation

 

A
Participant in the Plan shall continue to be a Participant so long as any
amount remains credited to his or her Account. 
Notwithstanding the foregoing, Participation in respect of any calendar
year is not a guarantee of participation in respect of any future calendar
year.

 

ARTICLE 4-ELECTIVE AND MATCHING DEFERRALS

 

4.1
Elective Deferrals

 

An
individual who is an Eligible Employee on the Effective Date may, by completing
an Elections Form and filing it with the Plan Administrator within 30 days
following the Effective Date, elect to defer a percentage or dollar amount of
one or more payments of Compensation, on 

 

4

 

such
terms as the Plan Administrator may permit, which are payable to the
Participant after the date on which the individual files the Election Form. Any
individual who becomes an Eligible Employee after the Effective Date may, by
completing an Election Form and filing it with the Plan Administrator within 30
days following the date on which the Plan Administrator gives such individual
written notice that the individual is an Eligible Employee, elect to defer a
percentage or dollar amount of one or more payments of Compensation, on such
terms as the Plan Administrator may permit, which are payable to the
Participant after the date on which the individual files the Election
Form.  Any Eligible Employee who has not
otherwise initially elected to defer Compensation in accordance with this
paragraph 4.1 may elect to defer a percentage or dollar amount of one or more
payments of Compensation, on such terms as the Plan Administrator may permit,
commencing with Compensation paid in the next succeeding Plan Year, by
completing an Election Form prior to the first day of such succeeding Plan
Year.  A Participant’s Compensation shall
be reduced in accordance with the Participant’s election hereunder and amounts
deferred hereunder shall be paid by the Employer to the Trust as soon as administratively
feasible and credited to the Participant’s Account as of the date the amounts
are received by the Trustee.

 

An
election to defer a percentage or dollar amount of Compensation for any Plan
Year shall apply for subsequent Plan Years unless changed or revoked. A
Participant may change or revoke his or her future deferral election as of the
first day of any Plan Year by giving written notice to the Plan Administrator
before such first day (or any such earlier date as the Plan Administrator may
prescribe).

 

4.2
Matching Deferrals

 

After
each payroll period, monthly, quarterly, or annually, at the Employer’s
discretion, the Employer shall contribute to the Trust Matching Deferrals equal
to the rate of Matching Contribution selected by the Employer at the beginning
of the Plan Year and multiplied by the amount of the Elective Deferrals
credited to the Participants’ Accounts for such period under Section 4.1. Each
Matching Deferral will be credited, as of the later of the date it is received
by the Trustee or the date the Trustee receives from the Plan Administrator
such instructions as the Trustee may reasonably require to allocate the amount
received among the asset accounts maintained by the Trustee, to the
Participants’ Accounts pro rata in accordance with the amount of Elective
Deferrals of each Participant which are taken into account in calculating the
Matching Deferral.

 

ARTICLE 5-ACCOUNTS

 

5.1
Accounts

 

The
Plan Administrator shall establish an Account for each Participant reflecting
Elective Deferrals and Matching Deferrals made for the Participant’s benefit
together with any adjustments for income, gain or loss and any payments from
the Account. The Plan Administrator may cause the Trustee to maintain and
invest separate asset accounts corresponding to each Participant’s Account. As
of the last business day of each calendar quarter, the Plan Administrator shall
provide the Participant with a statement of his or her Account reflecting the
income, gains and losses (realized and unrealized), amounts of deferrals, and
distributions of such Account since the prior statement.

 

5.2
Investments

 

The
assets of the Trust shall be invested in such investments as the Trustee shall
determine. The Trustee may (but is not required to) consider the Employer’s 

 

5

 

or
a Participant’s investment preferences when investing the assets attributable
to a Participant’s Account.

 

ARTICLE 6-VESTING

 

6.1
General

 

A
Participant shall be immediately vested in, i.e., shall have a
nonforfeitable right to, all Elective Deferrals, and all income and gain
attributable thereto, credited to his or her Account. A Participant shall
become vested in the portion of his or her Account attributable to Matching
Deferrals and income and gain attributable thereto in accordance with the
schedule selected by the Employer, subject to earlier vesting in accordance
with Sections 6.3 and 6.4.

 

6.2
Vesting Service

 

For
purposes of applying the vesting schedule in the Adoption Agreement, a
Participant shall be considered to have completed a Year of Service for each
complete year of full-time service with the Employer or an affiliate, measured
from the Participant’s first date of such employment, unless the Employer also
maintains a 401(k) plan that is qualified under section 401(a) of the Internal
Revenue Code in which the Participant participates, in which case the rules
governing vesting service under that plan shall also be controlling under this
Plan.

 

6.3
Change of Control

 

A
Participant shall become fully vested in his or her Account immediately prior
to a Change of Control of the Employer.

 

6.4
Death or Disability

 

A
Participant shall become fully vested in his or her Account immediately prior
to termination of the Participant’s employment by reason of the Participant’s
death or Disability.

 

ARTICLE 7 – PAYMENTS

 

7.1
Election as to Time and Form of Payment

 

A
Participant shall elect (on the Election Form used to elect to defer
Compensation under Section 4.1) the date at which the Elective Deferrals and
vested Matching Deferrals (including any earnings attributable thereto) will
commence to be paid to the Participant. 
Such date will be either a fixed date, which shall be no earlier than 5
years from the date such election is made or shall be the date which is 7
months following the Participant’s Separation from 

 

6

 

Service.  The Employer may impose additional
requirements on such elections.  The
Participant shall also elect thereon for payments to be paid in either:

 

a. a single
lump-sum payment; or

 

b. annual
installments over a period elected by the Participant up to 10 years, the
amount of each installment to equal the balance of his or her Account
immediately prior to the installment divided by the number of unpaid
installments

 

Each
such election will be effective for the Plan Year for which it is made and
succeeding Plan Years.  Such election may
not be changed under any circumstances. 
Except as provided in Sections 7.2 and 7.3, payment of a Participant’s
Account shall be made in accordance with the Participant’s elections under this
Section 7.1.

 

7.2
Change of Control

 

As
soon as possible following a Change of Control, each Participant shall be paid
his or her entire Account balance (including any amount vested pursuant to
Article 6) in a single lump sum as soon as administratively practicable after
such Change in Control.

 

7.3
Death

 

If
a Participant dies prior to the complete distribution of his or her Account,
the balance of the Account shall be paid as soon as practicable to the Participant’s
designated beneficiary or beneficiaries, in the form elected by the Participant
under either of the following options:

 

a. a single
lump-sum payment; or

 

b. annual
installments over a period elected by the Participant up to 10 years, the
amount of each installment to equal the balance of the Account immediately
prior to the installment divided by the number of unpaid installments.

 

Any
designation of beneficiary and form of payment to such beneficiary shall be
made by the Participant on an Election Form filed with the Plan Administrator
and may be changed by the Participant at any time by filing another Election
Form containing the revised instructions. 
If no beneficiary is designated or no designated beneficiary survives
the Participant, payment shall be made to the Participant’s surviving spouse,
or, if none, to his or her issue per stirpes, in a single payment.  If no spouse or issue survives the
Participant, payment shall be made in a single lump sum to the Participant’s
estate.

 

7

 

7.4
Taxes

 

All
federal, state or local taxes that the Plan Administrator determines are
required to be withheld from any payments made pursuant to this Article 7 shall
be withheld.

 

7.5
Income Inclusion Under Section 409A of the Code

 

If
the Internal Revenue Service or a court of competent jurisdiction determines
that Plan benefits are includible for federal income tax purposes in the gross
income of a Participant before his or her actual receipt of such benefits due
to a failure of the Plan to satisfy the requirements of Code Section 409A, the
Participant’s vested Account balance shall be distributed to the Participant in
a lump sum cash payment immediately following such determination or as soon as
administratively practicable thereafter; provided, however, that such payment
may not exceed the amount required to be included in income as a result of the
failure to satisfy the requirements of section 409A of the Code.

 

ARTICLE 8 – PLAN ADMINISTRATOR

 

8.1
Plan Administration and Interpretation

 

The
Plan Administrator shall oversee the administration of the Plan.  The Plan Administrator shall have complete
control and authority to determine the rights and benefits and all claims,
demands and actions arising out of the provisions of the Plan of any
Participant, beneficiary, deceased Participant, or other person having or
claiming to have any interest under the Plan. 
The Plan Administrator shall have complete discretion to interpret the
Plan and to decide all matters under the Plan. 
Such interpretation and decision shall be final, conclusive and binding
on all Participants and any person claiming under or through any Participant,
in the absence of clear and convincing evidence that the Plan Administrator
acted arbitrarily and capriciously.  Any
individual(s) serving as Plan Administrator who is a Participant will not vote
or act on any matter relating solely to himself or herself.  When making a determination or calculation,
the Plan Administrator shall be entitled to rely on information furnished by a
Participant, a beneficiary, the Employer or the Trustee.  The Plan Administrator shall have the
responsibility for complying with any reporting and disclosure requirements or
ERISA.

 

8.2
Powers, Duties, Procedures, Etc.

 

The
Plan Administrator shall have such powers and duties, may adopt such rules and
tables, may act in accordance with such procedures, may appoint such officers
or agents, may delegate such powers and duties, may receive such reimbursements
and compensation, and shall follow such claims and appeal procedures with
respect to the Plan as it may establish.

 

8

 

8.3
Information

 

To
enable the Plan Administrator to perform its functions, the Employer shall
supply full and timely information to the Plan Administrator on all matters
relating to the compensation of Participants, their employment, retirement,
death, termination of employment, and such other pertinent facts as the Plan
Administrator may require.

 

8.4
Indemnification of Plan Administrator

 

The
Employer agrees to indemnify and to defend to the fullest extent permitted by
law any officer(s) or employee(s) who serve as Plan Administrator (including
any such individual who formerly served as Plan Administrator) against all
liabilities, damages, costs and expenses (including attorneys’ fees and amounts
paid in settlement of any claims approved by the Employer) occasioned by any
act or omission to act in connection with the Plan, if such act or omission is
in good faith.

 

ARTICLE 9 – AMENDMENT AND TERMINATION

 

9.1
Amendments

 

The
Employer shall have the right to amend the Plan from time to time, subject to
Section 9.3, by an instrument in writing which has been executed on the
Employer’s behalf by its duly authorized officer.

 

9.2
Termination of Plan

 

This
Plan is strictly a voluntary undertaking on the part of the Employer and shall
not be deemed to constitute a contract between the Employer and any Eligible
Employee (or any other employee) or a consideration for, or an inducement or
condition of employment for, the performance of the services by any Eligible
Employee (or other employee).  The
Employer reserves the right to terminate the Plan at any time, subject to
Section 9.3, by an instrument in writing which has been executed on the
Employer’s behalf by its duly authorized officer.  Upon termination, the Employer may (a) elect
to continue to maintain the Trust to pay benefits hereunder as they become due
as if the Plan had not terminated or (b) so long as permissible under Code
Section 409A to avoid the imposition of additional or accelerated taxation,
direct the Trustee to pay promptly to Participants (or their beneficiaries) the
vested balance of their Accounts.  For
purposes of the preceding sentence, in the event the Employer chooses to
implement clause (b), the Account balances of all Participants who are in the
employ of the Employer at the time the Trustee is directed to pay such balances
shall become fully vested and nonforfeitable. 
After Participants and their beneficiaries are paid all Plan benefits to
which they are entitled, all remaining 

 

9

 

assets
of the Trust attributable to Participants who terminated employment with the
Employer prior to termination of the Plan and who were not fully vested in
their Accounts under Article 6 at that time shall be returned to the Employer.

 

9.3
Existing Rights

 

No
amendment or termination of the Plan shall adversely affect the rights of any
Participant with respect to amounts that have been credited to his or her
Account prior to the date of such amendment or termination.

 

ARTICLE 10 – MISCELLANEOUS

 

10.1 No
Funding

 

The
Plan constitutes a mere promise by the Employer to make payments in accordance
with the terms of the Plan and Participants and beneficiaries shall have the
status of general unsecured creditors of the Employer.  Nothing in the Plan will be construed to give
any employee or any other person rights to any specific assets of the Employer
or of any other person.  In all events,
it is the intent of the Employer that the Plan be treated as unfunded for tax
purposes and for purposes of Title I of ERISA.

 

10.2
Non-assignability

 

None
of the benefits, payments, proceeds or claims of any Participant or beneficiary
shall be subject to any claim of any creditor of any Participant or beneficiary
and, in particular, the same shall not be subject to attachment or garnishment
or other legal process by any creditor of such Participant or beneficiary, nor
shall any Participant or beneficiary have any right to alienate, anticipate,
commute, pledge, encumber or assign any of the benefits or payments or proceeds
which he or she may expect to receive, contingently or otherwise, under the
Plan.

 

10.3
Limitation of Participants’ Rights

 

Nothing
contained in the Plan shall confer upon any person a right to be employed or to
continue in the employ of the Employer, or interfere in any way with the right
of the Employer to terminate the employment of a Participant in the Plan at any
time, with or without cause.

 

10.4
Participants Bound

 

Any
action with respect to the Plan taken by the Plan Administrator or the Employer
or the Trustee or any action authorized by or taken at the direction of the
Plan Administrator, the Employer or the Trustee shall be conclusive upon all
Participants and beneficiaries entitled to benefits under the Plan.

 

10

 

10.5
Receipt and Release

 

Any
payment to any Participant or beneficiary in accordance with the provisions of
the Plan shall, to the extent thereof, be in full satisfaction of all claims
against the Employer, the Plan Administrator and the Trustee under the Plan,
and the Plan Administrator may require such Participant or beneficiary, as a
condition precedent to such payment, to execute a receipt and release to such
effect.  If any Participant or
beneficiary is determined by the Plan Administrator to be incompetent by reason
of physical or mental disability (including minority) to give a valid receipt
and release, the Plan Administrator may cause the payment or payments becoming
due to such person to be made to another person for his or her benefit without
responsibility on the part of the Plan Administrator, the Employer or the
Trustee to follow the application of such funds.

 

10.6
Governing Law

 

The
Plan shall be construed, administered, and governed in all respects under and
by the laws of the state of New York, without effect to conflicts of laws
provisions thereof that would direct the application of the law of any other
state.  If any provision shall be held by
a court of competent jurisdiction to be invalid or unenforceable, the remaining
provisions hereof shall continue to be fully effective.

 

10.7
Headings and Subheadings

 

Headings
and subheadings in this Plan are inserted for convenience only and are not to
be considered in the construction of the provisions hereof.

 

10.8
Offset to Benefits

 

Amounts
payable to the Participant under the Plan may be offset by any reasonable
monetary claims the Employer has against the Participant.

 

	
  Travelport Americas, Inc.

  
	
   

  
	
   

  
	
  By:

  	
   

  	
   

  
	
   

  
	
  Name:

  	
   

  	
   

  	
   

  
	
   

  
	
  Title:

  	
   

  	
   

  	
   

  
	
   

  
	
  Date:

  	
   

  	
   

  	
   

  
							

 

11Exhibit 10.1

     

    
      

      

    

     

    

    EXHIBIT
      10.1

    

    GAS
      PURCHASE AGREEMENT (PRODUCTION)

    

        THIS
      GAS
      PURCHASE AGREEMENT (“Agreement”) is made and entered into as of the 1st
      day of
June,
      2007,
      by and
      between ATMOS ENERGY CORPORATION, a Texas and Virginia corporation, ("Buyer"),
      and COG Transmission Corporation ("Seller"), also referred to as a “party” or
      the "parties."

    

    W
      I T N E
      S S E T H:

    

    WHEREAS,
      Seller owns or controls certain oil, gas, and mineral interests covering various
      lands and leases located in Leavenworth
      County, Kansas,
      shown
      on Exhibit "A," which is attached hereto and made a part of this Agreement
      for
      all purposes; and

    

    WHEREAS,
      Seller desires to sell to Buyer, and Buyer desires to purchase, certain volumes
      of natural gas produced from the lands and leases as shown on Exhibit "A" in
      accordance with the terms and conditions hereinafter set forth;

    

    NOW,
      THEREFORE, in consideration of the mutual covenants contained herein and other
      good and valuable consideration, the receipt and sufficiency of which are hereby
      acknowledged, the parties hereto agree as follows:

    

    1.
      Commitment
      and Agreement to Sell and Purchase.

    

    (a)
      Seller hereby commits, for the term hereof, to the performance of this Agreement
      all gas produced from the lands and leases as shown on Exhibit "A" hereof and
      any and all renewals and extensions of any such leases or attributable to
      Seller's interest in the production from any wells located thereon. Seller
      acknowledges and agrees that the foregoing commitment is applicable to Seller's
      current rights, titles, and interests in the gas committed above and to any
      future rights, titles, and interests hereafter acquired by Seller to gas
      produced from the lands and leases as shown on Exhibit "A."

    

    (b)
      Subject to the terms and conditions of this Agreement, including the General
      Terms and Conditions attached hereto and made a part hereof for all purposes,
      Seller agrees to sell and deliver to Buyer at the Delivery Point(s), as
      hereinafter defined, such quantity of gas as Buyer may request from time to
      time
      if, as, and when needed. Nothing herein is intended to require Seller to operate
      any well in order to produce a quantity of gas in excess of the quantity that
      such well is permitted to produce under applicable rules or orders issued by
      any
      regulatory body having jurisdiction over such matter or that such well is
      capable of producing under good engineering and gas production
      practice.

    

    2.
      Delivery
      Point(s).
      The
      Delivery Point(s) of natural gas hereunder shall be at the point of
      interconnection of Buyer's pipeline system with Seller's pipeline system at
      a
      mutually agreeable location in the NE
      1/4 of Section 26, Township 10S, Range 22E, Leavenworth County,
      Kansas.

    

    3.
      Price.

    

    (a)
      Subject to the provisions of Subparagraph 3(b) below, the price to be paid
      by
      Buyer to Seller for initial term of June
      1, 2007,
      until
June
      1, 2012,
      shall
      be the gas price listed under the column titled “Index” in the first issue of
      the month when deliveries of gas are made of INSIDE
      FERC’s Gas Market Report, in the table titled “Prices of Spot Gas Delivered to
      Pipeline” for Southern Star Central Gas Pipeline minus
      $.10 Cents per MMBTU,
      and the
      price shall be inclusive of all taxes, transportation, charges and other fees
      and charges relating to the production, sale and delivery of such gas. In the
      event that the Southern Star index does not publish, the Panhandle Eastern
      Pipe
      Line Co. index from the same publication will be substituted. If term is
      extended, price will be renegotiated at that time.

    

    

    
      
        
          
          

        

        
          -
            1
            -

          
            

          

        

        
          
          

        

      

    

    

    4.
      Billing
      and Payment.

    

    (a)
      Buyer
      shall, on or before the last day of the month after each month in which gas
      is
      sold hereunder, mail to Seller a statement showing the quantity of gas delivered
      and purchased during the preceding month, accompanied by a check made payable
      to
      Seller in the amount due based on the effective price and quantity of gas
      purchased as shown on such statement and any appropriate adjustments
      thereto.

     

    (b)
      Each
      party shall have the right at reasonable hours to examine the books, records,
      and charts of the other party to the extent necessary to verify the accuracy
      of
      any statement, charge, or computation made pursuant to the provisions of this
      Contract. If any such examination reveals any inaccuracy in any billing
      theretofore made, the necessary adjustment in such billing and payments shall
      be
      promptly made, provided that no adjustment for any billing or payment shall
      be
      made after the lapse of twelve (12) months from the rendition
      thereof.

    

    5.
      Term.
      This
      Agreement shall become effective on June
      1, 2007,
      and
      shall continue in full force and effect until June
      1, 2012
      (the
      "Primary Term"), and shall be extended for an additional term of five years
      if a
      price at a mutually agreeable price (“Extended Term”) and shall continue
      thereafter on a month to month basis unless terminated by either party upon
      written notice thirty (30) days prior to the end of the Primary Term, Extended
      Term, or any subsequent calendar month. Such termination shall become effective
      at the end of the then current term.

    

    6.
      Assignment.
      Seller
      may not assign this Agreement without the prior written consent of Buyer, which
      consent shall not be unreasonably withheld, modified or conditioned. In the
      event Seller assigns this Agreement without Buyer's consent, such assignment
      shall be null and void and Buyer may, in its sole discretion, immediately
      terminate this Agreement without notice to Seller.

    

    7.
      Notices.
      Any
      notice required to be given under this Agreement or any notice which either
      party hereto may desire to give the other party shall be in writing and shall
      be
      considered duly delivered when hand-delivered or when deposited in the United
      States mail, postage prepaid, registered or certified, and addressed as
      follows:

    

    If
      to
      Buyer:    ATMOS
      ENERGY CORPORATION

                                     
      711
      W. Capitol

                      
          
Jackson,
      MS
      39203                

                                     
      Attention:
      Gas Supply (Notices, Correspondence and Invoices)

     

                                                         Phone:
      (601) 961-6841  Fax:
      (601) 961-6995

    

    If
      to
      Seller:              
COG
      TRANSMISSION CORPORATION

                                                         
      2050
      S.
      Onieda St., Ste. 106

                                                          Denver,
      CO 80224

                                                         
      Attention:
      A.G. Foust

    

    or
      such
      other address as Seller, Buyer or their respective successors or permitted
      assigns shall designate by written notice given in the manner described above.
      Routine communications, including monthly invoices and payments, may be mailed
      by ordinary mail and are deemed delivered when hand-delivered or when deposited
      in the United States mail, postage prepaid, and addressed to the
      above-designated name and address.

     

                        
Phone:
      (303) 692-9468  Fax:
      (303) 692-9782

    

    8.
      Attachments.
      The
      General Terms and Conditions attached hereto are expressly incorporated herein
      and made a part of this Agreement for all purposes, and all references herein
      and therein to "this Agreement" include the terms and provisions contained
      herein and in such General Terms and Conditions. 

    

    
      
        
          
          

        

        
          -
            2
            -

          
            

          

        

        
          
          

        

      

    

    

    IN
      WITNESS WHEREOF, the parties hereto have executed this Gas Purchase Agreement
      as
      of the date first above written.

    

    

    

    BUYER:

    ATMOS
      ENERGY CORPORATION

    

    By:
      /s/
Joe
      Christian     

     

    Title:
      Vice
      President of Rates and Regulatory Affairs for The

              
      Colorado-Kansas
      Division of ATMOS Energy Corporation

    

                                    
      SELLER:

    COG
      TRANSMISSION CORPORATION

    

    By:
      /s/ A.G. Foust  

    

    Title:
      President

     

    
      
        
        

      

      
        -
          3
          -

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