Document:

Exhibit 10.1

PRECEDENT AGREEMENT
 Between 
 Rockies Express Pipeline LLC
 And 
 Ultra Resources, Inc.

          This Precedent Agreement dated this 19th day of December, 2005 states an agreement between Rockies Express Pipeline LLC (“Transporter”), a Delaware limited liability company, and Ultra Resources, Inc. (“Shipper”). Each of Transporter and Shipper are sometimes referred to herein individually as a “Party” and collectively as the “Parties.”

RECITALS:

          WHEREAS, Transporter is developing plans to construct and/or acquire and operate certain facilities referred to as the Rockies Express Pipeline Project (the “Project”) that will create long-haul, firm transportation takeaway capacity out of the natural gas supply areas located in the Rocky Mountain producing areas of Wyoming and Colorado. The planned interstate pipeline facilities are to be developed in three Segments, and will traverse to the east, through eight states, providing capability to transport Rocky Mountain natural gas supplies to major pipeline interconnects along the Project up to the Clarington, Ohio area. The total Project will include the installation of 42-inch diameter or larger pipe, as determined by Transporter, with transportation capacity of up to 2,000,000 Dth/day. The Project is planned to be developed in Segments, as follows:

          Certificate 1 Segment will generally consist of the construction of high-pressure interstate natural gas pipeline facilities that will originate at points located at the Cheyenne Hub, in Weld County, Colorado (“Cheyenne Hub”). Certificate 1 Segment facilities are planned to proceed eastward to an interconnection with Panhandle Eastern Pipe Line Company in Audrain County, Missouri (“PEPL-Audrain”). Certificate 1 Segment is an independent pipeline project which is intended to transport natural gas from the constrained Cheyenne Hub to various markets in the Mid Continent including but not limited to Kansas City, St Louis and Chicago by interconnecting with multiple interstate pipelines that directly connect with such markets, increasing netbacks to the Rocky Mountain producers while increasing the availability and reliability of supply to the Mid Continent markets. Interim transportation
service may be provided to points upstream of PEPL-Audrain, depending upon the timing and completion of construction of Certificate 1 Segment facilities.

          Certificate 2 Segment will originate at PEPL-Audrain and terminate at the Lebanon Hub in Warren County, Ohio (“Lebanon Hub”). Certificate 2 Segment is an independent pipeline project which is intended to transport additional quantities of Rocky Mountain natural gas to the Lebanon Hub to revitalize and increase the liquidity of that hub by providing additional supply sources to that market center from the Rocky Mountains as well as potential supply sources in the Mid Continent and Canada. Interim transportation service may be provided to points upstream of the Lebanon Hub, depending upon the timing and completion of construction of Certificate 2 Segment facilities.

          Certificate 3 Segment will originate at the Lebanon Hub and terminate at the Clarington Hub, in Monroe County, Ohio (“Clarington Hub”). Certificate 3 Segment is an independent pipeline project which is intended to create a new hub that interconnects with pipelines serving the Eastern Coast of the United States and to provide increased supply availability and diversity to East Coast markets; and

          WHEREAS, Entrega Gas Pipeline LLC, an affiliate of EnCana Corporation (“Entrega”), has received Federal Energy Regulatory Commission (“FERC”) authorization for the construction and operation of an interstate pipeline, currently under construction, that originates at points located at the Meeker Hub, in Rio Blanco County, Colorado (“Meeker”), proceeding northward to the vicinity of Wamsutter, in Sweetwater County, Wyoming (“Wamsutter”) and then continuing southeastward to the Cheyenne Hub (the “Entrega Existing Project”). In an effort to be responsive to the shipper community, Entrega has proposed an Open Season to extend its interstate facilities from a proposed receipt point located at the Opal Hub in Lincoln County, Wyoming (“Opal”) to a new receipt/delivery point located on the Entrega Pipeline at Wamsutter. Entrega, as extended, will
be able to provide seamless transportation from points located at the Opal Hub, in Lincoln County, Wyoming to the Cheyenne Hub. The Entrega Existing Project together with the Entrega Expansion Project are referred to as the “Entrega Projects”; and

          WHEREAS, EnCana Marketing (USA) Inc. (“EMUS”), a shipper on Entrega, has designated Entrega as facilitator in the turn back, subject to specific conditions, of sufficient EMUS capacity on Entrega so as to accommodate only those shippers that subscribe for capacity on the Entrega Projects and the proposed Rockies Express Pipeline Project. If the turn back of EMUS capacity on Entrega is not sufficient to accommodate all Open Season shippers submitting binding bids for Entrega and Rockies Express capacity, then Entrega will also consider expanding the currently certificated capacity of Entrega to meet shipper demand; and

          WHEREAS, It is the intent of Transporter and Entrega to make transportation service available to shippers from the Rocky Mountain producing areas that would provide delivery to eastern markets on the Entrega Projects and the Project equivalent to a single pipeline system, including unitary nominations, scheduling and balancing requirements and procedures (“Seamless Service”); and

          WHEREAS, The facilities and capacities described may change based on the final project design, shipper commitments or regulatory requirements; and

          WHEREAS, The commitment provided by Shipper via this Precedent Agreement and potentially other similar agreements will be used as support for the construction
and operation of the Project; and

          WHEREAS, Transporter is willing to continue its efforts to develop the Project and to proceed with obtaining all of the necessary governmental authorizations to construct and acquire the required facilities, provided that Transporter receives sufficient commitments from prospective shippers; and

2

          WHEREAS, this Precedent Agreement has been executed as evidence of the agreement between Transporter and Shipper that, upon satisfaction of the conditions precedent set forth below, the parties will enter into Firm Transportation Service Agreements (each a “FTSA”) providing for firm interstate natural gas transportation service to be provided by Transporter for Shipper on the Project.

          NOW, THEREFORE, in consideration of the mutual covenants and agreement contained herein, and intending to be legally bound, Transporter and Shipper agree as follows:

1.        Effective Date and Term

          This Precedent Agreement shall become effective as of the date first stated above and, except as provided in Section 8(c), shall remain in effect until the earlier of: Shipper’s or Transporter’s exercise of its termination rights pursuant to this Precedent Agreement, as provided in Section 9 below; the failure of Transporter to secure FERC Authorization for Certificate 1 Segment; the failure of Transporter to secure FERC Authorization for Certificate 2 Segment; the failure of Transporter to secure FERC Authorization for Certificate 3 Segment; or the effective date of the FTSA executed in connection with Certificate 3 Segment. In each case, failure to secure FERC Authorization shall occur when the proceeding for the applicable FERC Application has concluded without Transporter’s having accepted the FERC Authorization.

2.        Services

          Transporter agrees to work in good faith using commercially reasonable efforts to file for, and diligently pursue: FERC Authorization for the construction and operation of all three Certificate Segments of the Project as described in this Precedent Agreement; completion of the acquisition of Entrega by Transporter so as to effect the combination of the Entrega Projects and the Project; completion of Certificate 1 Segment no later than January 1, 2008; completion of Certificate 2 Segment no later than January 1, 2009; completion of Certificate 3 Segment not later than June 30, 2009 and, with respect to each such Certificate Segment and the Entrega Projects, to provide Shipper, as conditioned herein, with firm transportation service as set forth on the attached Appendix A. The construction and operation of these interstate facilities are subject to the jurisdiction of the FERC, and subject to FERC and other

federal, state and local permits and approvals.

3

3.        Anchor Shippers

          If Shipper’s bid satisfies the criteria described in this Section 3, Shipper’s and Transporter’s execution of this Precedent Agreement will establish Shipper as an Anchor Shipper. Anchor Shippers are shippers that have made long-term capacity commitments through all three Segments of the Project, as well as on the Entrega Projects prior to the conclusion of the Open Season, by the execution of Precedent Agreements which contain binding commitments, (together with such commitments to the Project that are made by such shipper’s affiliates) equal to or exceeding 200,000 Dth/day on the Entrega Projects and all three Certificate Segments of the Project. Transporter agrees to seek authority to provide priority in the allocation of capacity to Anchor Shippers, and to make Anchor Shippers’ allocations of capacity not subject to pro ration in the Open Season. For purposes of determining
Shipper’s status as an Anchor Shipper, Transporter will consider the Shipper and its affiliates as a single entity and will aggregate the Shipper’s commitments under it and its affiliates’ Precedent Agreements.

          If Shipper qualifies as an Anchor Shipper, Shipper’s rate for the initial capacity of the Project, as described in this Precedent Agreement, shall be no higher than the lowest rate applicable to any other shipper under a Firm Transportation Service Agreement for all three Certificate Segments of the Project, excluding rates applicable to Foundation Shippers, short-term transactions (i.e., 12, or fewer, consecutive months) or seasonal transactions. For purposes of this provision the term “rates” shall include the Reservation Charge, the Commodity Charge and all reservation and commodity surcharges. This provision, as well as any other specific rate related provisions included in this Precedent Agreement will be included in Shipper’s FTSAs.

          Shipper’s status as an Anchor Shipper, and the attendant rights, will continue to apply to Precedent Agreements or related FTSAs which Shipper retains, even if the capacity of the Shipper and its direct affiliates drops below the 200,000 Dth/day threshold: (1) after any subsequent, permitted assignment of one or more of its Precedent Agreement(s) or related FTSAs, with such assignment governed by this Precedent Agreement or Transporter’s Tariff, as applicable, and (2) after any subsequent permitted permanent capacity release of one or more of its related FTSAs, with such permanent capacity release governed by Transporter’s Tariff. It is expressly understood and agreed that the Anchor Shipper status is not transferable to a successor Shipper except in the limited circumstance where all of Shipper’s Precedent Agreements or FTSAs and that of its direct affiliates, as applicable, are
assigned or released, as applicable, at the same time to a single successor shipper.

          Anchor Shippers shall hold annual evergreen renewal rights, for one year term extensions of the FTSAs at the same rate and quantity, or portion of such quantity, as in effect at the end of the primary term or subsequent evergreen extended term, exercisable upon a minimum of six months written notice. Anchor Shippers shall also hold a one-time contractual right of first refusal (“ROFR”), effective at the end of the primary term of the FTSAs, to be applicable to any portion of the quantity (but not necessarily at the same rate), exercisable in accordance with the notice provisions to be included in the Tariff. Such rights shall not be applicable to FTSAs for Certificate 1 Segment or Certificate 2 Segment, if such FTSA(s) are superseded by the FTSA for the subsequent Certificate Segment.

4

          For the period commencing on the later of: (i) eighteen months after the in-service of the Certificate 1 Segment of the Project or (ii) the in-service of the Certificate 3 Segment of the Project, and ending two calendar years later, Shipper shall have the right to elect to increase its FT capacity up to the remaining unsubscribed capacity on the Project at Shipper’s negotiated rate as set forth on Appendix A for Zone 1 to Zone 3 as such zones are defined on the Certificate 3 Segment Rate Election Page of Appendix A hereto, subject to the results of any applicable open season and subject to a pro rata allocation based on the underlying MDQ among any other Foundation or Anchor shippers with similar rights to the extent that such other shippers exercise these rights. The minimum term for any resulting FTSA is 10 years.

4.       Rates

          Shipper acknowledges that it has made an election, as set forth on Appendix A, either (i) to pay the Maximum Recourse Reservation Rates for firm service under each FTSA; (ii) to pay Fixed Negotiated Reservation Rates for firm service under each FTSA; or (iii) to pay Adjustable Negotiated Reservation Rates for firm service under each FTSA. If Shipper has elected Adjustable Negotiated Reservation Rates, Shipper agrees that the Negotiated Reservation Rates to be paid under the FTSAs will be determined under the Steel Price Adjustment set forth on Appendix A. Such adjustable rates, once finally determined, will be applicable for the entire term of Shipper’s FTSAs, as specified on Appendix A.

          If Shipper shall have opted to pay a negotiated rate, as described on Appendix A, such negotiated rate shall be applicable to service under each FTSA during the entire term of such FTSA, as the same may be extended, regardless of any otherwise applicable maximum rate and shall be applicable at all primary and secondary points on the Project that are located in a zone covered by Shipper’s primary transportation path(s); provided that the applicability of the negotiated rate assumes that receipts and deliveries under the FTSAs will be made at the prevailing operating pressures of the Project facilities and that the negotiated rate does not cover any non-conforming quality or pressure requirement at any receipt or delivery point.

          Regardless of which form of reservation rate Shipper shall have opted to pay, the Commodity Rate, Lost and Unaccounted for Gas (“L&U”), ACA and any other additional authorized charges or surcharges will be applied pursuant to the FERC approved Gas Tariff applicable to the Project (the “Tariff). Fuel shall be provided by Shipper in accordance with the zoned fuel matrix set forth in the Tariff, with an illustrative matrix set forth on Appendix A attached to this Precedent Agreement. Shipper will be billed based on delivered volumes and, therefore, no transportation rate (either reservation or commodity) shall apply to the Fuel and L&U received from Shipper. The Commodity Rate, determined on the basis of a straight fixed variable rate design, is estimated to be $0.004 per Dth for each zone ($0.012 per Dth across the length of the system), subject to final determination by the FERC.
Transporter will propose as part of the Tariff, subject to FERC approval, that Fuel and L&U shall be assessed in-kind and that Fuel and L&U will be adjusted through a tracking provision.

5

          Transporter agrees to exercise its commercially reasonable efforts to design the Project facilities downstream of the Cheyenne Hub to the Clarington Hub such that fuel consumption of those facilities, on an annualized basis, will not exceed 3% calculated at a 100% load factor based on a 1,500,000 Dth/day maximum capacity and will not exceed 3% calculated at a 100% load factor based on a 1,800,000 Dth/day maximum capacity, taking into account a requirement that the Certificate Segment completion dates described in Section 2 above be met. Taking into consideration the quantity of gas Transporter is moving pursuant to the transportation contracts on the Project, as well as operational conditions across the system, Transporter shall use commercially reasonable efforts to operate the Project facilities downstream of the Cheyenne Hub to the Clarington Hub within the project design referenced above.

          In the event Transporter undertakes an expansion of the Project beyond 1,800,000 Dth/day utilizing 42-inch diameter pipe or undertakes an expansion of the Project beyond 2,100,000 Dth/day utilizing larger than 42-inch diameter pipe, Transporter agrees to file with FERC for authorization to collect Fuel applicable to such expansion on an incremental basis.

5.       Volume, Receipt and Delivery Points

          The contract Maximum Daily Quantity (“MDQ”) and primary term are as elected by Shipper on the attached Appendix A (subject to the minimum term requirements set forth in Appendix A). Shippers may elect MDQs that increase over time. The primary receipt point shall be the Cheyenne Hub (subject to being moved to points in the zone containing Meeker or Opal upon the combination of the Entrega Projects and the Project) and the primary delivery points shall be: (a) for Certificate 1 Segment: mutually agreeable Mid Continent/Midwest point(s); (b) for Certificate 2 Segment: mutually agreeable point(s) in the zone containing the Lebanon Hub; and (c) for Certificate 3 Segment: mutually agreeable point(s) in the zone containing the Clarington Hub. Shipper’s election of Primary Receipt and Delivery Points are set forth on Appendix A. Secondary Receipt and Delivery Points will be made available pursuant
to the Tariff.

          Transporter hereby agrees that it will construct a minimum of twenty five points of interconnection from among the points set forth on Appendix A or such other points as may be determined to have shipper demand during the Open Season. The selection and capacities of such points will be based on shipper demand as demonstrated by the results of the Open Season. Shipper may indicate on Appendix A up to twenty five points of interconnection (including Shipper’s primary receipt and delivery points) to communicate Shipper’s preferences.

6

6.       Conditions Precedent

          Performance by Transporter of the duties and obligations assumed by it in this Precedent Agreement are expressly subject to the following conditions precedent:

	
  
 
  	
  
(a)
  	
  
All appropriate and final   governmental approvals and other applicable authorization must be obtained   and maintained on terms acceptable to Transporter, including approval of   construction, rates and terms and conditions of service; and
  
	
  

 
  	
  

(b)
  	
  

All rights-of-way and other surface rights required to site and maintain the
pipeline facilities along the route described herein must be obtained on terms
and conditions acceptable to Transporter; provided, however, that conditions (a)
and (b) shall be deemed satisfied for each Certificate Segment of the Project
upon Transporter’s acceptance of the FERC Authorization for such
Certificate Segment; and
 
	
  

 
  	
  

(c)
  	
  

Sufficient firm capacity subscription must exist at acceptable rates, in
Transporter’s sole discretion, to proceed with the Project; provided,
however, that this condition shall expire on February 28, 2006 if Transporter
has not terminated this Precedent Agreement on or before such date;
and
 
	
  
 
  	
  

(d)
  	
  

Shipper shall have complied with all its material obligations hereunder and
under any FTSA then in effect, with this condition expiring no later than the
Parties’ execution of the FTSA for Certificate 3 Segment.
 

7.       Discrete Segments

          To expedite transportation out of the Rocky Mountain supply areas to points east, the Parties acknowledge that Transporter shall file for separate certificate authorization from FERC for each independent Segment of the Project and for any authorizations as may be necessary for the combination of the Entrega Projects and the Project, although Transporter shall be contractually bound to file for authorization for all three Certificate Segments of the Project. Upon in-service of each Segment of the Project subsequent to Certificate 1 Segment, the FTSA for the previous Segment shall be superseded in its entirety by the FTSA for such subsequent Segment. Shipper understands that approval by FERC of Certificate 1 Segment does not constitute approval of Certificate 2 Segment and that approval by FERC of Certificate 2 Segment does not constitute approval of Certificate 3 Segment. Therefore, an award of capacity
hereunder may result in service for the agreed term only on the facilities ultimately approved for service, and Shipper hereby acknowledges its willingness to be bound by the FERC’s determination of the public convenience and necessity with respect to each Segment of the Project on a stand alone basis.

7

          Initially, Certificate 1 Segment will include service from the Cheyenne Hub to PEPL-Audrain with possible Interim Service, as described in Section 13. It is, however Transporter’s intent that the combination of the Entrega Projects and the Project be completed contemporaneously with the in-service of Certificate 1 Segment so that initial receipts will be from Meeker and Opal. Service on Certificate 1 Segment will be subject to its own maximum recourse rates and, upon the combination of the Entrega Projects and the Project, will be divided into two rate zones: (1) a supply zone encompassing the facilities which are to be located west of and including the Cheyenne Hub; and (2) a supply/market zone encompassing the facilities to be located downstream of the Cheyenne Hub traversing eastward to and including PEPL-Audrain. If Certificate 2 Segment is authorized by the FERC it will provide service from Opal

and Meeker to the Lebanon Hub with possible Interim Service, as described in Section 13. Service on Certificate 2 Segment will be subject to its own maximum recourse rates divided into three rate zones: (1) a supply zone encompassing the facilities which are to be located west of and including the Cheyenne Hub; (2) a supply/market zone encompassing the facilities to be located downstream of the Cheyenne Hub traversing eastward to and including PEPL-Audrain; and (3) a market zone encompassing the facilities to be located downstream of PEPL-Audrain, traversing further eastward to delivery points located near the Lebanon Hub. If Certificate 3 Segment is authorized by the FERC it will provide service from Opal and Meeker to the Clarington Hub, Service on Certificate 3 Segment will be subject to its own maximum recourse rates divided into three rate zones: (1) a supply zone encompassing the facilities which are to be located west of and including the Cheyenne Hub; (2) a supply/market zone encompassing the
facilities to be located downstream of the Cheyenne Hub traversing eastward to and including PEPL-Audrain; and (3) a market zone encompassing the facilities to be located downstream of PEPL-Audrain, traversing further eastward to delivery points located near the Clarington Hub. Notwithstanding the foregoing, Transporter shall have the option to combine Certificate 2 Segment and Certificate 3 Segment for purposes of securing FERC Authorization for construction of the Project downstream of PEPL-Audrain. If Transporter elects to combine the filing for authorization for Certificate Segments 2 and 3, Transporter shall request phased construction of the Project downstream of PEPL-Audrain: Construction Phase 1 shall be the same as Certificate 2 Segment and Construction Phase 2 shall be the same as Certificate 3 Segment. The timing of construction of the Project as described in this Precedent Agreement shall not be affected by the combination of Certificate 2 Segment and Certificate 3 Segment, and in such
event, all references herein to Certificate 2 Segment shall be construed to mean Certificate 2 Segment, Construction Phase 1 and all references to Certificate 3 Segment shall be construed to mean Certificate 2 Segment, Construction Phase 2.

          It is the
intent of Transporter and Shipper that the Project and the Entrega Projects be
ultimately combined to provide Shipper with Seamless Service. Transporter and
Shipper acknowledge that, effective as of the date hereof, Shipper has entered
into a precedent agreement with Entrega (the “Entrega Precedent
Agreement”) that provides for the execution by Shipper of a firm
transportation service agreement on the Entrega Projects (the “Entrega
FTSA”).

8

Accordingly, Transporter and Shipper agree that, subject to FERC
approval of the combination of the Rockies Project and the Entrega Projects
upon in-service of the Certificate 1 Segment the Entrega FTSA be entirely
superseded by the FTSA for Certificate 1 Segment which shall be subject to the
rates set forth on Appendix A designated in the Combined Project Rates Table. If
the Certificate 1 Segment FTSA supersedes the Entrega FTSA as described herein:
the receipt points for the Certificate 2 Segment FTSA and the Certificate 3
Segment FTSA shall be moved to Meeker and/or Opal consistent with the provision
of Seamless Service; Shipper and Transporter will proceed under this Precedent
Agreement and the Entrega Precedent Agreement shall expire.

8.       Shipper’s Obligations

	
  
 
  	
  
(a)
  	
  
Shipper agrees that it will   execute a minimum of three Firm Transportation Service Agreements consistent   with the form of Service Agreement as contained in Appendix B hereto, as   finally approved by FERC which, if Shipper shall have elected the Negotiated   Reservation Rate Option, shall reflect the fixed nature of the reservation   rate as described in Section 4, within five (5) business days after tender by   Transporter. The FTSAs, at least one each for Certificate 1 Segment,   Certificate 2 Segment and Certificate 3 Segment, will reflect the receipt   points, delivery points, term(s), rate(s) and MDQ(s) described herein.
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
(b)
  	
  
Upon request by   Transporter, Shipper agrees to support any notification, initial tariff   filing, application or certificate filing made to the FERC or any other governmental   body to obtain any necessary authorizations to construct, operate or acquire   facilities or to provide services as set out herein. At least 30 days prior   to the filing of the certificate application for Certificate 1 Segment,   Shipper will be provided a pro forma tariff and afforded the opportunity to   provide comments to Transporter on the development of the Tariff and   Transporter will work with the Shipper in good faith to resolve any concerns   prior to the filing of such Tariff. In the event Shipper and Transporter are   unable to resolve all of the Shipper’s concerns prior to the filing of such   tariff, Shipper will within five (5) days of a written request by   Transporter, provide Transporter a written summary of Shipper’s unresolved   concerns regarding the pro
forma tariff. Shipper agrees to limit any protests   of the initial tariff filing to (i) those unresolved items addressed in   Shipper’s written summary to Transporter, and (ii) any items related to   deviations between the pro forma tariff provided by Transporter to Shipper   and the as filed version of the Tariff, which in each case are inconsistent   or otherwise conflict with the terms of this Precedent Agreement or any FTSA.   Shipper also agrees that in any response to such initial tariff filing it will   not raise issues related to the determination of Transporter’s maximum   recourse rates for the Project. Nothing herein shall be construed to limit or   waive Shipper’s rights to intervene or protest any subsequent tariff filing   made by Transporter or its successor subsequent to the filing for FERC   Authorization for Certificate 3 Segment; and
  

9

	
  
 
  	
  
(c)
  	
  
Shipper shall provide   sufficient evidence of credit worthiness, as reasonably determined by   Transporter in accordance with the standards set forth in Appendix C, along   with the return of this signed Precedent Agreement. Shipper shall have and   maintain such credit or provide assurances (“credit support”), as are   required by Transporter in its reasonable discretion, to satisfy Shipper’s   financial obligations under the FTSAs which may result from this Precedent   Agreement. Such credit support may consist of (i) prepayment of value or   letter of credit in the amount of up to 36 months of Shipper’s reservation   charges, resulting from the MDQ and rates stated herein; (ii) a parental   guarantee in form and substance acceptable to Transporter from an entity   which meets the credit standards of Appendix C or the Tariff and is otherwise   acceptable to Transporter; or (iii) such other credit assurances as Transporter   may require. Such

assurances shall be provided by Shipper as requested by   Transporter in accordance with the timetable set forth below.
  

Credit Support Timetable and Amounts

	
  Date
  	
   
 	
  
Aggregate   Credit Requirement
  
	
  

  	
   
 	
  

  
	
  
No later than ten (10)   days after execution of the Project Precedent Agreement until the date   immediately below:
  	
  
 
  	
  
$250,000
  
	
  
 
  	
  
 
  	
  
 
  
	
  
Within fifteen (15) days   after notice to Shipper from Transporter that Transporter has either   satisfied or waived the condition precedent set forth in Section 6 (c) above:
  	
  
 
  	
  
An amount equal to total   Certificate 1 Segment reservation charges payable in respect of the MDQ for   eighteen (18) months of Service.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
Within thirty (30) days   after receipt of notice to Shipper from Transporter that Transporter has   received and accepted FERC Authorization for Certificate 1 Segment:
  	
  
 
  	
  
An amount equal to total   Certificate 1 Segment reservation charges payable in respect of the MDQ for   thirty-six (36) months of Service.
  

10

	
  
 
  	
  
 
  	
  
          Additionally, within
thirty (30) days after receipt of notice to Shipper from Transporter that
Transporter has received and accepted FERC Authorization for each of Certificate
2 Segment and Certificate 3 Segment, the Aggregate Credit Requirement shall be adjusted to an amount equal
to total Certificate 2 Segment or Certificate 3 Segment rates, as applicable, in
respect of the MDQ for thirty-six (36) months of service for such Certificate
Segment. Shipper shall maintain its creditworthiness in connection herewith,
either directly or through provisions of credit support, throughout the term of
this Precedent Agreement and any resulting FTSAs. This Section 8(c) and Appendix
C, Credit Requirements, attached hereto and made a part hereof shall survive the
termination of this Precedent Agreement and shall continue in effect for the
term(s) of any resulting FTSAs.
 
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
          
The creditworthiness requirements of this Section 8 and in Appendix C shall
apply to any assignment (in whole or in part) of this Precedent Agreement or the
FTSAs or to any permanent release of an FTSA.
 
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
          
A Parental Guaranty of even date, in form and substance acceptable to
Transporter, has been entered into and is attached hereto as Appendix D in
satisfaction of the Shipper’s obligations under Section 8 (c) to provide
credit support.
 
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(d)
  	
  
Shipper agrees to notify   Transporter in writing of the receipt by Shipper of the corporate or Board of   Directors Approval described in section 9 (a) i below by 8:00 PM CT on the   day of receipt of any such approval,
  

9.      Termination Rights

	
  
 
  	
  
(a)
  	
  
Shipper shall have the   right to terminate this Precedent Agreement with no liability to Transporter   by giving Transporter at least five (5) days advance written notice (which   notice must be given, if at all, within five (5) days after the occurrence or   non-occurrence of the relied upon event, except that as to Section 9(a)i   below, any such notice must be given, if at all, by February 8, 2006) in the   event:
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
i.
  	
  
Shipper has not received   all corporate or Board of Directors approvals required by Shipper in   connection with the execution of this Precedent Agreement by no later than   8:00 PM CT on February 8, 2006;
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
ii.
  	
  
Transporter has failed to   file for FERC Authorization for Certificate 1 Segment by no later than   September 30, 2006; has failed to file for FERC Authorization for Certificate   2 Segment by no later than April 30, 2007; or has failed to file for FERC   Authorization for Certificate 3 Segment by no later than July 31, 2007;
  

11

	
  
 
  	
  
 
  	
  
iii.
  	
  
Transporter has not   received FERC Authorization for Certificate 1 Segment by no later than   December 31, 2007; has not received FERC Authorization for Certificate 2   Segment by no later than April 30, 2008; or has not received FERC Authorization   for Certificate 3 Segment by no later than July 31, 2009;
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
iv.
  	
  
Transporter has not placed   Certificate 1 Segment in-service by no later than February 28, 2009; has not   placed Certificate 2 Segment in-service by no later than June 30, 2009; or   has not placed Certificate 3 Segment in-service by no later than September   30, 2010;
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
v.
  	
  
Transporter and the   Entrega Projects have not been combined through a corporate acquisition and   regulatory integration such that the Entrega Projects and the Rockies Project   do not offer Seamless Service at the rates agreed to herein by no later than   December 31, 2007.
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(b)
  	
  

Transporter shall have the right to terminate this Precedent Agreement with no
liability to Shipper by giving Shipper five (5) days advance written notice
(which notice must be given, if at all, within ten (10) days after the
occurrence or non-occurrence of the relied upon event); provided that notice
under this Section 9(b) may be given at any time while Shipper shall be in
default of its obligations under Section 8(c), in the event:
 
	
   
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
i.
  	
  
FERC shall attach   conditions to the FERC Authorization for Certificate 1 Segment, Certificate 2   Segment or Certificate 3 Segment or impose conditions requiring subsequent   compliance filings which, in Transporter’s reasonable judgment, are   unacceptable;
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
ii.
  	
  
Transporter has not   received the necessary FERC Authorization for Certificate 1 Segment by no later than July   31, 2007;
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
iii.
  	
  
Transporter notifies   Shipper on or before February 28, 2006 that aggregate firm commitments to the Project   do not support the economic viability of the Project as determined in the   exercise of Transporter’s commercially reasonable discretion;
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
iv.
  	
  
Transporter has not   received all corporate and Board of Director approvals required by Transporter in   connection with the execution of this Precedent Agreement by no later than   February 28, 2006.
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
v.
  	
  
Shipper fails to comply   with any of its material obligations hereunder or under any FTSA then in effect
  

12

	
  
 
  	
  
(c)
  	
  
In the event Transporter   terminates this Precedent Agreement for any reason other than that stated at   Section 9(b)v above, concurrent with such termination, Transporter shall   return to Shipper any credit support provided by Shipper under Section 8   above.
  

10.      Authorities

          This Precedent Agreement and the performance hereof are subject to all present and future applicable valid laws, orders, decisions, rules and regulations of duly constituted governmental authorities having jurisdiction over the provision of natural gas transportation service in the interstate commerce of the United States of America (“governmental authority”). Should either of the parties, by force of any such law, order, decision, rule or regulation, at any time during the term of this Precedent Agreement be ordered or required to do any act inconsistent with the provisions hereof, then for the period during which the requirements of such law, order, decision, rule or regulation are applicable, this Precedent Agreement shall be deemed modified to conform with the requirement of such law, order, decision, rule or regulation; provided, however, nothing herein shall alter, modify or otherwise
affect the respective rights of the parties to terminate this Precedent Agreement under the terms and conditions hereof.

11.      Assignment

          This Precedent Agreement, in whole or in part, may be assigned by Transporter to a wholly- or partially-owned affiliate, special purpose joint venture, partnership, or other affiliated entity, including a parent company or partnership; provided that such assignee shall have credit or credit support equivalent to the higher of that of Transporter or its guarantor. Shipper may assign this Precedent Agreement and any of the rights or obligations and any associated Firm Transportation Service Agreements to any wholly-owned affiliate whose obligations thereunder are guaranteed by the Parental Guaranty (or any amendment thereto) described in Section 8 above or, in the absence of such Guaranty, which satisfies the credit worthiness standards set forth in Appendix C, or set forth in the Tariff and Sections 8 and 9 herein and which is a successor to the business for which the Firm Transportation Service Agreement
was initially secured. Once the Project is in-service, Shipper may release its capacity pursuant to the General Terms and Conditions of the Tariff. In the case of any other proposed assignment of the Precedent Agreement, prior approval of Transporter is required, which approval shall not be unreasonably withheld. Notwithstanding the foregoing, any Party to this Precedent Agreement may assign this Precedent Agreement and its rights hereunder as security for indebtedness or other obligations, and each Party hereby agrees to timely execute and deliver such documents and certificates as are reasonably requested by the assigning Party or its lenders in connection with any such collateral assignment and are reasonably acceptable to the non-assigning Party.

13

12.      Representations and Warranties

          Each Party represents and warrants to each other as follows:

	
  
 
  	
  
(a)
  	
  
Such Party is duly   organized, validly existing and in good standing under the laws of its   jurisdiction of organization, and is in good standing in each other   jurisdiction where the failure to so qualify would have a material adverse   effect upon the business or financial condition of such Party.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(b)
  	
  
The execution, delivery   and performance of this Precedent Agreement by such Party does not and will   not require the consent of any trustee or holder of any indebtedness, or be   subject to or inconsistent with other obligations of such Party under any   other agreement.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(c)
  	
  
This Precedent Agreement   has been duly executed and delivered by such Party. This Precedent Agreement   constitutes the legal, valid, binding and enforceable obligation of such   Party, except as such enforceability may be limited by bankruptcy,   insolvency, reorganization, moratorium or other similar laws of general application   relating to or affecting creditor’s rights generally and by general equitable   principles.
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
(d)
  	
  
No governmental   authorization, approval, order, license, permit, franchise or consent, and no   registration, declaration or filing with any governmental authority is   required on the part of such Party in connection with the execution and   delivery of this Precedent Agreement, although it is subject to the necessary   governmental approvals specified herein for its effectuation.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(e)
  	
  
Except as otherwise   disclosed by Shipper’s parent in its Form 10-K most recently filed with the   Securities and Exchange Commission, there is no pending or, to the best of   such Party’s knowledge, threatened action or proceeding affecting such Party   before any court, government authority or arbitrator that could reasonably be   expected to materially and adversely affect the financial condition or   operations of such Party or the ability of such Party to perform its   obligations hereunder, or that purports to affect the legality, validity or   enforceability of this Precedent Agreement or would otherwise hinder or   prevent performance hereunder.
  

13.      Interim Service

          Shipper agrees that, in the event Transporter places Certificate 1 Segment in-service before the Project reaches PEPL-Audrain, but with interconnections to Natural Gas Pipeline Company of America (Natural) in Jefferson County, Nebraska, Northern Natural Gas Company (NNG) in Jefferson County, Nebraska and ANR Pipeline Company (ANR) in Brown County, Missouri, Shipper shall pay the Certificate 1 Segment Interim Rates set forth on Appendix A until PEPL-Audrain is available, during the term of the FTSA executed in connection with Certificate 1 Segment. Shipper further agrees that, in the event Transporter places Certificate 2 Segment in-service before the Project reaches the Lebanon Hub, but with interconnections to Natural in Piatt County,

14

Illinois, Trunkline Gas Company (Trunkline) in Douglas County, Illinois, Midwestern Gas Transmission Company (Midwestern) in Edgar County, Illinois and PEPL in Putnam County, Indiana, Shipper shall pay the Certificate 2 Segment Interim Rates set forth on Appendix A until the Lebanon Hub points are available, during the term of the FTSA executed in connection with Certificate 2 Segment. In the event that Transporter is unable, in aggregate, to provide firm service to Shipper equal to Shipper’s MDQ for Interim Service, Transporter shall reduce Shipper’s reservation charges for the quantity of Shipper’s MDQ that Transporter is unable to provide to Shipper. Furthermore, in the event that the capacity of the delivery points made available under Interim Service is less than the total MDQ of the applicable Certificate Segment, then Shipper’s MDQ shall be reduced, during the period for which interim Service is offered, by the proportion that the
available capacity of the delivery points made available bears to the total MDQ of the Project. For Certificate 1 Segment Interim Service and Certificate 2 Segment Interim Service, respectively, if such Interim Service extends beyond twelve months, then as an incentive for Transporter to place the PEPL-Audrain point or the Lebanon Hub points in-service as expeditiously as possible, Shipper’s Interim Rates shall be prospectively reduced by fifty percent (50%) until full service is available.

14.      Choice of Law

          AS TO ALL MATTERS OF CONSTRUCTION AND INTERPRETATION, THIS PRECEDENT AGREEMENT SHALL BE INTERPRETED, CONSTRUED AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CHOICE OF LAW RULES OF THAT STATE.

15.      Limitation of Liability

          NO PARTY SHALL BE LIABLE TO ANY OTHER PARTY UNDER THIS PRECEDENT AGREEMENT OR UNDER ANY OF THE FTSAS TO BE EXECUTED PURSUANT TO THIS PRECEDENT AGREEMENT FOR ANY SPECIAL, INDIRECT, INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES OF ANY NATURE, OR FOR ANY LOST PROFITS, HOWEVER ARISING, EVEN IF SUCH PARTY HAS BEEN MADE AWARE OF THE POSSIBILITY OF SUCH DAMAGES OR LOST PROFITS.

16.      Dispute Resolution

          Any disputes, controversies or claims that arise between the Parties (the “Disputing Parties”) relating to this Precedent Agreement (a “Dispute”) shall be resolved by means of the following procedure:

	
  
 
  	
  
(i)
  	
  
Notice of Dispute. Any   Disputing Party shall give notice to the other Disputing Parties in writing   that a Dispute has arisen (“Dispute Notice”).
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
(ii)
  	
  
Informal Dispute   Resolution. If the Disputing Parties have failed to resolve the Dispute   within fifteen (15) business days after the Dispute Notice was given, the   Disputing Parties shall seek to resolve the Dispute by negotiation between   the executive officers of each Disputing Party.  Such executive officers shall   endeavor to meet and attempt to amicably resolve the Dispute. If the   Disputing Parties are unable to resolve the Dispute through negotiation   within thirty (30) business days after the Dispute Notice was given, then the   Dispute shall be finally resolved through arbitration in accordance with   provisions of clause (iii) below.
  

15

	
  
 
  	
  
(iii)
  	
  
Arbitration.  Any Dispute that is not settled pursuant   to clause (ii) above shall be finally settled by arbitration as follows:
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
(1)
  	
  
Any such Dispute shall be   submitted to binding arbitration by the American Arbitration Association for   arbitration in Houston, Texas in accordance with the Commercial Arbitration   Rules then in effect, except as more particularly provided herein. The   Parties agree that an officer or other representative with authority to   resolve the Dispute for each party shall attend the arbitration. There shall   be three (3) arbitrators, with each of Transporter and Shipper, or their   successor in interest if applicable, selecting one. The third arbitrator, who   shall be the chairman of the panel, shall be selected by the two   Party-appointed arbitrators. The claimant shall name its arbitrator in the   demand for arbitration. The third arbitrator shall be named within thirty   (30) days after the appointment of the second arbitrator. The American   Arbitration Association shall be empowered to appoint any arbitrator not   named in accordance with the procedure set
forth herein. Each arbitrator will   be qualified by at least ten (10) years experience in the natural gas   industry.
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
(2)
  	
  
Each of the Parties hereto   consents to the procedure herein set forth. The Parties agree to make   discovery and disclosure of all matters relevant to the dispute to the extent   and in the manner provided by the Federal Rules of Civil Procedure. The   arbitrators shall rule on all requests for discovery and disclosure and   discovery shall be completed within sixty (60) days of the date on which the   third arbitrator is appointed (“Arbitration Commencement Date”). The   arbitrators shall issue a final ruling within ninety (90) days of the   Arbitration Commencement Date. The ruling of the arbitrators shall be in   writing, signed, and shall contain a statement of findings and conclusions of   law in addition to the award decision. The decision of the arbitrators shall   be final and binding upon the parties, in so far as the law allows, without   the right of appeal to the courts. The award rendered by the arbitrators   shall be final in so far as
the law allows, and judgment thereon may be   entered by any court having jurisdiction thereof. The costs and expense of   the arbitration (including reasonable attorney’s fee) will be paid by the losing party, unless the   arbitrators determine that it would be manifestly unfair to honor this   agreement of the parties and determine a different allocation of costs.
  

16

	
  
 
  	
  
 
  	
  
(3)
  	
  
The arbitrators shall not   have the authority or power to alter, amend or modify any of the terms or   conditions of this Precedent Agreement. The arbitrators’ powers shall be   limited to enforcement of this Precedent Agreement as to the issues raised by   the Parties, and shall not include the power to award consequential,   indirect, special, punitive, or exemplary damages.
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
(4)
  	
  
Performance of this   Precedent Agreement shall continue during arbitration proceedings or any   other dispute resolution mechanism adopted by the Parties. No payment due or   payable by Transporter or Shipper shall be withheld on account of a pending   reference to arbitration or other dispute resolution mechanism; provided that   in the event Shipper disputes the amount or content of any invoice, Shipper   shall be not responsible for payment of such invoice or portion of such   invoice that is pending reference to arbitration or other dispute resolution   mechanism until such dispute is resolved. Any disputed amount which is   ultimately determined to have been payable shall not accrue interest for   failure to pay, provided that it is a bona fide dispute.
  
	
   
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
(5)
  	
  
The Parties hereto hereby   irrevocably waive, to the fullest extent permitted by applicable law, any   legal proceeding arising out of or relating to this Precedent Agreement or   the transactions contemplated hereby, except those seeking to enforce the   award or the decision of the arbitrators issued pursuant to this Section 16.   Further, the Parties hereto hereby irrevocably waive, to the fullest extent   permitted by applicable law, any and all rights to trial by jury in any legal   proceeding permitted under this Section 16.
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
(6)
  	
  
Transporter and Shipper   agree that the Dispute Resolution procedure described in this Section 16   shall not apply to any controversy respecting Transporter’s FERC Tariff,   rates or terms and conditions of service and to any other controversy wherein   the FERC has exclusive jurisdiction.
  

17.      Further Assurance

          Transporter
and Shipper shall enter into such additional agreements as may be necessary in
furtherance of this Precedent Agreement.

17

18.      Counterparts

          This Agreement may be executed in one or more counterparts, each of which, when executed and delivered including by facsimile, shall be an original, but all of which together shall constitute but one and the same instrument.

19.      Notice

          All notices, requests demands and other communications hereunder shall be in writing and shall be deemed to have been duly given when (i) delivered by hand (with written acknowledgement of receipt), (ii) sent by facsimile transmission (with receipt confirmed by an electronically generated written confirmation), or (iii) received by the addressee, if sent by an internationally recognized delivery serviced or other traceable method, in each case to the appropriate addresses and facsimile numbers set forth below (or to such other addresses and facsimile numbers as a party may designate by notice to the others):

	
  
If to Transporter:
  	
  
 
  	
  
President, West Region Gas   Pipelines
  
	
   
  	
  
 
  	
  
Kinder Morgan Energy   Partners, L.P.
   P.O. Box 281304
   Lakewood, Colorado 80228-8304
   Fax: (303) 763-3515
  
	
  
 
  	
  
 
  	
  
 
  
	
  
With Copy to:
  	
  
 
  	
  
Rockies Express Pipeline   LLC
  
	
  
 
  	
  
 
  	
  
Attn: General Counsel of   Gas Pipelines
   500 Dallas St., Suite 1000
   Houston, Texas 77002
   Fax: (713) 369-9235
  
	
  
 
  	
  
 
  	
  
 
  
	
  
If to Shipper:
  	
  
 
  	
  
Ultra Resources, Inc.
  
	
  
 
  	
  
 
  	
  
Attn: Chief Financial   Officer
   363 North Sam Houston Parkway East
   Suite 1200
   Houston, Texas 77060
   Fax: (281) 876-2831
  
	
   
  	
  
 
  	
  
 
  
	
  
With Copy to:
  	
  
 
  	
  
Ultra Resources, Inc.
  
	
  
 
  	
  
 
  	
  
Attn: Stuart Nance
   363 North Sam Houston Parkway East

Suite 1200
   Houston, Texas 77060
   Fax: (281) 876-2831
  

18

Accepted and Agreed to as of the date hereof:

Rockies Express Pipeline LLC (TRANSPORTER)

	
  
    Signature:
  	
  
/s/ Rockford Meyor
  	
  
 
  
	
  
     
  	
  

  	
  
 
  
	
  Printed Name: 
  	
  
ROCKFORD MEYOR
  	
  
 
  
	
  
    Title:
  	
  
President
  	
  
 
  

Ultra Resources, Inc. (SHIPPER)

	
  
    Signature:
  	
  
/s/ Michael D. Watford
  	
  
 
  
	
  
     
  	
  

  	
  
 
  
	
  
    Printed Name: 
  	
  
MICHAEL D. WATFORD
  	
  
 
  
	
  
    Title:
  	
  
CEO
  	
  
 
  

The above company representative is a duly authorized agent of the company and has the authority to bind the company.

19

APPENDIX A
 To The 
 PRECEDENT AGREEMENT
 Between 
 Rockies Express Pipeline LLC
 And
 Ultra Resources, Inc.
 (“Shipper”)

There are three rate options to choose from for each certificate segment. They are: 

                    Option
1 - The Maximum Recourse Reservation Rate

                    Option 2 - A Negotiated Reservation Rate

                    Option 3 - An Adjustable Negotiated Reservation Rate

	
   
 	

The Adjustable Negotiated Rate Option recognizes that the steel costs of the Project could change substantially between the time of execution of this Precedent Agreement and the time when the Project is placed in-service. The following rate adjustment mechanism (“Steel Price Adjustment”) shall apply to Shippers electing the Adjustable Negotiated Reservation Rate Option. Any adjustment that results from this formula shall be communicated to Shipper by Transporter when all steel related Project costs have been determined.

	
  
 
 	

Shipper’s Adjustable Negotiated Reservation Rate will be adjusted to reflect actual total steel related project costs by using the Steel Price Adjustment and is subject to the rate floors and rate caps set forth in the tables below. The negotiated rates for Certificate Segments 1, 2, and 3, including Interim Service rates, may be increased or decreased from the Starting Rate as described in the formula below:

Steel Price Adjustment =

(actual realized steel cost per ton - $1,275 per ton) * (actual tons of steel) / $1,000,000 * $0.0002 /Dth

	
   
 	

The Steel Price Adjustment will be added to or subtracted from the Starting Rate(s), however the final adjusted rate will be neither higher than the Ceiling Rate nor lower than the Floor Rate as described in the tables related to Option 3.

	
  
 
 	

Options 2 and 3 are fixed negotiated reservation rates which means that they will not be changed during the term of the FTSA to which they apply during the entire term of such FTSA, as the same may be extended, regardless of any otherwise applicable maximum rate. This “fixed” feature applies only to the negotiated reservation rate. As stated in Section 4 of the body of this Precedent Agreement, the Commodity Rate, Fuel and Lost and Unaccounted for Gas (“FL&U”), ACA and any other additional authorized charges or surcharges will be applied pursuant to the Tariff, and may be changed from time to time.

Certificate 1 Segment Rate Election Page

Please check one box to correspond with the desired rate choice. Receipt and delivery points should be elected from the list included on Appendix A. Negotiated Rates, once finally determined, shall remain fixed during the entire term of the Firm Transportation Service Agreement. Requested Maximum Daily Quantity (“MDQ”), cannot be less than 1,000 Dth/d, net of FL&U, from each Receipt Point to each Delivery Point. All rates shown above reflect a “zone matrix” and are accumulated to reflect the total price to reach the indicated downstream zone, assuming all receipts are located in Zone 1. Zone 1 is that area that is inclusive of the Cheyenne Hub going in a generally westward direction. Zone 2 is that area downstream of the Cheyenne Hub going in a generally eastward direction to and including the PEPL point in Audrain County, Missouri. Additional upstream transportation costs from other supply sources may require rate adjustments. Certificate
1 Segment rates are applicable from the in-service date of Certificate 1 Segment for the term of the Certificate 1 Segment FTSA as described in Section 7. In the event Interim Service is provided on Certificate 1 Segment, the negotiated rates in the tables below will be reduced by $.1000 per dth for the period from the commencement of Interim Service until the in -service of Certificate 1 Segment to the PEPL point in Audrain County, Missouri. If such Interim Service extends beyond twelve months, Shipper’s Interim Rates will be reduced further as provided in Section 13 of the Precedent Agreement. In the event the FERC Authorization for Certificate 2 Segment is not approved or accepted then, effective upon the conclusion of the FERC proceeding for Certificate 2 Segment the negotiated rates in the tables below will be reduced by $.1000 per dth for the remainder of the term of the Certificate 1 Segment FTSA. A minimum term of 10 years from the in-service of Certificate 1Segment will be deemed a
conforming bid during the Open Season. Conforming bids will be for long haul capacities only.

Option 1

	
   
 	
   
 	
  
Estimated   Maximum Recourse
   Reservation Rates - In service of
   Certificate 1 Segment
  	
   
 	
  
Check

   
Option
   (1 only)
  	
   
 	
  
Primary   Receipt Point #
  	
   
 	
  
Primary
   Delivery
   Point #
  	
   
 	
  
MDQ

   
(Dth/d)
  	
   
 	
  
Term
   in
   Years
  	
   
 
	
   
 	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 
	
   
  	
  
 
  	
  
 
  	
  
Zone 1
  	
   
 	
   
 	
  
Zone 2
  	
   
 	
   
 	
  
Zone 3
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  
	
  Cumulative
  	
  
 
  	
  
$
  	
  
0.385
  	
  
 
  	
  
$
  	
  
0.944
  	
  
 
  	
  
 
  	
  
n/a
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  

Option 2

	
   
 	
   
 	
  
Fixed Rate   Option
  	
   
 	
  
Check

   
Option
   (1 only)
  	
   
 	
  
Primary   Receipt Point #
  	
   
 	
  
Primary
   Delivery
   Point #
  	
   
 	
  
MDQ

   
(Dth/d)
  	
   
 	
  
Term
   in
   Years
  	
   
 
	
   
 	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 
	
   
 	
   
 	
   
 	
  Zone 1
  	
   
 	
   
 	
  
Zone 2
  	
   
 	
   
 	
  
Zone 3
  	
   
 	
   
 	
   
 	
   
 	
   
 	
  
#2   - ENTREGA
  	
   
 	
   
 	
  
10
  	
   
 	
   
 	
  
50,000
  	
   
 	
   
 	
  
10
  	
   
 
	
  Anchor
  	
  
 
  	
  
$
  	
  
0.250
  	
  
 
  	
  
$
  	
  
0.774
  	
  
 
  	
  
 
  	
  
n/a
  	
  
 
  	
  
 
  	
  
x
  	
  
 
  	
  
 
  	
  
#2 - ENTREGA
  	
  
 
  	
  
 
  	
  
11
  	
  
 
  	
  
 
  	
  
50,000
  	
  
 
  	
  
 
  	
  
10
  	
  
 
  
	
  Non - Anchor
  	
  
 
  	
  
$
  	
  
0.270
  	
  
 
  	
  
$
  	
  
0.794
  	
  
 
  	
  
 
  	
  
n/a
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
#2 - ENTREGA
  	
  
 
  	
  
 
  	
  
12
  	
  
 
  	
  
 
  	
  
50,000
  	
  
 
  	
  
 
  	
  
10
  	
  
 
  
	
   
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
#2 - ENTREGA
  	
  
 
  	
  
 
  	
  
13
  	
  
 
  	
  
 
  	
  
50,000
  	
  
 
  	
  
 
  	
  
10
  	
  
 
  
	
   
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  

  	
  

  	
  
 
  	
  
 
  	
   
 	
  
 
  
	
  Total
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
200,000
  	
  
 
  	
  
 
  	
   
 	
  
 
  

Option 3

	
   
 	
   
 	
  
Adjustable   Rate Option - Starting Rate
  	
   
 	
  
Check

   
Option
   (1 only)
  	
   
 	
  
Primary   Receipt Point #
  	
   
 	
  
Primary
   Delivery
   Point #
  	
   
 	
  
MDQ

   
(Dth/d)
  	
   
 	
  
Term
   in
   Years
  	
   
 
	
   
 	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 
	
   
 	
   
 	
   
 	
  Zone 1
  	
   
 	
   
 	
  
Zone 2
  	
   
 	
   
 	
  
Zone 3
  	
   
 	
   
 	
   
 	
   
 	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  Anchor
  	
  
 
  	
  
$
  	
  
0.250
  	
  
 
  	
  
$
  	
  
0.774
  	
  
 
  	
  
 
  	
  
n/a
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  
	
  Non - Anchor
  	
  
 
  	
  
$
  	
  
0.270
  	
  
 
  	
  
$
  	
  
0.794
  	
  
 
  	
  
 
  	
  
n/a
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  

	
   
 	
   
 	
  Adjustable   Rate Option - Floor Rate
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
   
 	
   
 	
  

  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
   
 	
   
 	
   
 	
  Zone 1
  	
   
 	
   
 	
  
Zone 2
  	
   
 	
   
 	
  
Zone 3
  	
   
 	
   
 	
   
 	
   
 	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  Anchor
  	
  
 
  	
  
$
  	
  
0.200   
  	
  
 
  	
  
$
  	
  
0.724
  	
  
 
  	
  
 
  	
  
n/a
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  
	
  Non - Anchor
  	
  
 
  	
  
$
  	
  
0.220   
  	
  
 
  	
  
$
  	
  
0.744
  	
  
 
  	
  
 
  	
  
n/a
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  

	
   
 	
   
 	
  Adjustable   Rate Option - Ceiling Rate
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
   
 	
   
 	
  

  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
   
 	
   
 	
   
 	
  Zone 1
  	
   
 	
   
 	
  
Zone 2
  	
   
 	
   
 	
  
Zone 3
  	
   
 	
   
 	
   
 	
   
 	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  Anchor
  	
  
 
  	
  
$
  	
  
0.300   
  	
  
 
  	
  
$
  	
  
0.824   
  	
  
 
  	
  
 
  	
  
n/a
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  
	
  Non - Anchor
  	
  
 
  	
  
$
  	
  
0.320   
  	
  
 
  	
  
$
  	
  
0.844   
  	
  
 
  	
  
 
  	
  
n/a
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  

	
  
 
  	
  
Please check one:
  
	
  
Shipper agrees to be   pro-rated based on Open Season Results? 
  	
  
Yes
  	
  
o
  	
  
 
  	
  
No
  	
  
x
  

	
  
If yes, Shippers minimum   acceptable quantity:   ___________________________________________
  	
  
 
  

Certificate 2 Segment Rate Election Page

Please check one box to correspond with the desired rate choice. Receipt and delivery points should be elected from the list included on Appendix A. Negotiated Rates, once finally determined, shall remain fixed during the entire term of the Firm Transportation Service Agreement. Requested Maximum Daily Quantity (“MDQ”), cannot be less than 1,000 Dth/d, net of FL&U, from each Receipt Point to each Delivery Point. All rates shown above reflect a “zone matrix” and are accumulated to reflect the total price to reach the indicated downstream zone, assuming all receipts are located in Zone 1. Zone 1 is that area that is inclusive of the Cheyenne Hub going in a generally westward direction. Zone 2 is that area downstream of the Cheyenne Hub going in a generally eastward direction to and including the PEPL point in Audrain County, Missouri. Zone 3 is that area traversing eastward from the PEPL point to delivery points near Lebanon, Ohio. Additional

upstream transportation costs from other supply sources may require rate adjustments. Certificate 2 Segment rates are applicable from the in-service date of Certificate 2 Segment for the term of the Certificate 2 Segment FTSA as described in Section 7. In the event Interim Service is provided on Certificate 2 Segment, the negotiated rates in the tables below will be reduced by $0.500 per dth for the period from the commencement of Interim Service until the in - service of Certificate 2 Segment to the Lebanon Hub points in Warren County, Ohio. If such Interim Service extends beyond twelve months, Shipper’s Interim Rates will be reduced further as provided in Section 13 of the Precedent Agreement. A minimum term of 10 years from the in-service of Certificate 2 Segment will be deemed a conforming bid during the Open Season. Conforming bids will be for long haul capacities only.

Option 1

	
   
 	
   
 	
  Estimated   Maximum Recourse
   Reservation Rates - In service of

  Certificate 2 Segment
  	
   
 	
  
Check

   
Option
   (1 only)
  	
   
 	
  
Primary   Receipt Point #
  	
   
 	
  
Primary
   Delivery
   Point #
  	
   
 	
  
MDQ

   
(Dth/d)
  	
   
 	
  
Term
   in
   Years
  	
   
 
	
   
 	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 
	
   
  	
  
 
  	
  
 
  	
  
Zone 1
  	
   
 	
   
 	
  
Zone 2
  	
   
 	
   
 	
  
Zone 3
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  
	
  Cumulative
  	
  
 
  	
  
$
  	
  
0.359
  	
  
 
  	
  
$
  	
  
0.881
  	
  
 
  	
  
$
  	
  
1.196
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  

Option 2

	
   
 	
   
 	
  
Fixed Rate   Option
  	
   
 	
  
Check

   
Option
   (1 only)
  	
   
 	
  
Primary   Receipt Point #
  	
   
 	
  
Primary
   Delivery
   Point #
  	
   
 	
  
MDQ

   
(Dth/d)
  	
   
 	
  
Term
   in
   Years
  	
   
 
	
   
 	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 
	
   
 	
   
 	
   
 	
  Zone 1
  	
   
 	
   
 	
  
Zone 2
  	
   
 	
   
 	
  
Zone 3
  	
   
 	
   
 	
   
 	
   
 	
   
 	
  
#2   - ENTREGA
  	
   
 	
   
 	
  
21 
  	
   
 	
   
 	
  
50,000
  	
   
 	
   
 	
  
10
  	
   
 
	
  Anchor
  	
  
 
  	
  
$
  	
  
0.250
  	
  
 
  	
  
$
  	
  
0.719 
  	
  
 
  	
  $
  	
  
0. 984 
  	
  
 
  	
  
 
  	
  
x
  	
  
 
  	
  
 
  	
  
#2 - ENTREGA
  	
  
 
  	
  
 
  	
  
22
  	
  
 
  	
  
 
  	
  
50,000
  	
  
 
  	
  
 
  	
  
10
  	
  
 
  
	
  Non - Anchor
  	
  
 
  	
  
$
  	
  
0.270
  	
  
 
  	
  
$
  	
  
0.739 
  	
  
 
  	
  
$
  	
  
1.004 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
#2 - ENTREGA
  	
  
 
  	
  
 
  	
  
23 
  	
  
 
  	
  
 
  	
  
50,000
  	
  
 
  	
  
 
  	
  
10
  	
  
 
  
	
   
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
#2 - ENTREGA
  	
  
 
  	
  
 
  	
  
24
  	
  
 
  	
  
 
  	
  
50,000
  	
  
 
  	
  
 
  	
  
10
  	
  
 
  
	
   
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  

  	
  

  	
  
 
  	
  
 
  	
   
 	
  
 
  
	
  Total
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
200,000
  	
  
 
  	
  
 
  	
   
 	
  
 
  

Option 3

	
   
 	
   
 	
  
Adjustable   Rate Option - Starting Rate
  	
   
 	
  
Check

   
Option
   (1 only)
  	
   
 	
  
Primary   Receipt Point #
  	
   
 	
  
Primary
   Delivery
   Point #
  	
   
 	
  
MDQ

   
(Dth/d)
  	
   
 	
  
Term
   in
   Years
  	
   
 
	
   
 	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 
	
   
 	
   
 	
   
 	
  Zone 1
  	
   
 	
   
 	
  
Zone 2
  	
   
 	
   
 	
  
Zone 3
  	
   
 	
   
 	
   
 	
   
 	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  Anchor
  	
  
 
  	
  
$
  	
  
0.250 
  	
  
 
  	
  
$
  	
  
0.719 
  	
  
 
  	
  
$
  	
  
0.984 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  
	
  Non - Anchor
  	
  
 
  	
  
$
  	
  
0.270
  	
  
 
  	
  
$
  	
  
0.739 
  	
  
 
  	
  $
  	
  
1.004 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  

	
   
 	
   
 	
  Adjustable   Rate Option - Floor Rate
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
   
 	
   
 	
  

  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
   
 	
   
 	
   
 	
  Zone 1
  	
   
 	
   
 	
  
Zone 2
  	
   
 	
   
 	
  
Zone 3
  	
   
 	
   
 	
   
 	
   
 	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  Anchor
  	
  
 
  	
  
$
  	
  
0.200 
  	
  
 
  	
  
$
  	
  
0.669 
  	
  
 
  	
  
$
  	
  
0.934 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  
	
  Non - Anchor
  	
  
 
  	
  
$
  	
  
0.220 
  	
  
 
  	
  
$
  	
  
0.689 
  	
  
 
  	
  $
  	
  
0.954 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  

	
   
 	
   
 	
  Adjustable   Rate Option - Ceiling Rate
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
   
 	
   
 	
  

  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
   
 	
   
 	
   
 	
  Zone 1
  	
   
 	
   
 	
  
Zone 2
  	
   
 	
   
 	
  
Zone 3
  	
   
 	
   
 	
   
 	
   
 	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  Anchor
  	
  
 
  	
  
$
  	
  
0.300 
  	
  
 
  	
  
$
  	
  
0.769 
  	
  
 
  	
  $
  	
  
1.034 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  
	
  Non - Anchor
  	
  
 
  	
  
$
  	
  
0.320 
  	
  
 
  	
  
$
  	
  
0.789 
  	
  
 
  	
  $
  	
  
1.054 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  

	
  
 
  	
  
Please check one:
  
	
  
Shipper agrees to be   pro-rated based on Open Season Results?
  	
  
Yes
  	
  
o
  	
  
 
  	
  
No
  	
  
x
  

	
  
If yes, Shippers minimum acceptable quantity:   ___________________________________________
  	
  
 
  

Certificate 3 Segment Rate Election Page

Please check one box to correspond with the desired rate choice. Receipt and delivery points should be elected from the list included on Appendix A. Negotiated Rates, once finally determined, shall remain fixed during the entire term of the Firm Transportation Service Agreement. Requested Maximum Daily Quantity (“MDQ”), cannot be less than 1,000 Dth/d, net of FL&U, from each Receipt Point to each Delivery Point. All rates shown above reflect a “zone matrix” and are accumulated to reflect the total price to reach the indicated downstream zone, assuming all receipts are located in Zone 1. Zone 1 is that area that is inclusive of the Cheyenne Hub going in a generally westward direction. Zone 2 is that area downstream of the Cheyenne Hub going in a generally eastward direction to and including the PEPL point in Audrain County, Missouri. Zone 3 is that area traversing eastward from the PEPL point to delivery points near Clarington, Ohio.
Additional upstream transportation costs from other supply sources may require rate adjustments. Certificate 3 Segment rates are applicable from the in-service date of Certificate 3 Segment for the term of the Certificate 3 Segment FTSA as described in Section 7. (Note 1 below). A minimum term of 10 years from the in-service of Certificate 3 Segment will be deemed a conforming bid during the Open Season. Conforming bids will be for long haul capacities only.

Option 1

	
   
 	
   
 	
  Estimated   Maximum Recourse
   Reservation Rates - In service of
   Certificate 1 Segment
  	
   
 	
  
Check

   
Option
   (1 only)
  	
   
 	
  
Primary   Receipt Point #
  	
   
 	
  
Primary
   Delivery
   Point #
  	
   
 	
  
MDQ

   
(Dth/d)
  	
   
 	
  
Term
   in
   Years
  	
   
 
	
   
 	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 
	
   
  	
  
 
  	
  
 
  	
  
Zone 1
  	
   
 	
   
 	
  
Zone 2
  	
   
 	
   
 	
  
Zone 3
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  
	
  Cumulative
  	
  
 
  	
  
$
  	
  
0.385 
  	
  
 
  	
  
$
  	
  
0.944 
  	
  
 
  	
  
$
  	
  
1.427 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  

Option 2

	
   
 	
   
 	
  
Fixed Rate   Option
  	
   
 	
  
Check

   
Option
   (1 only)
  	
   
 	
  
Primary   Receipt Point #
  	
   
 	
  
Primary
   Delivery
   Point #
  	
   
 	
  
MDQ

   
(Dth/d)
  	
   
 	
  
Term
   in
   Years
  	
   
 
	
   
 	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 
	
   
 	
   
 	
   
 	
  Zone 1
  	
   
 	
   
 	
  
Zone 2
  	
   
 	
   
 	
  
Zone 3
  	
   
 	
   
 	
   
 	
   
 	
   
 	
  
#2   - ENTREGA
  	
   
 	
   
 	
  
25 
  	
   
 	
   
 	
  
50,000
  	
   
 	
   
 	
  
10
  	
   
 
	
  Anchor
  	
  
 
  	
  
$
  	
  
0.250 
  	
  
 
  	
  
$
  	
  
0.704 
  	
  
 
  	
  $
  	
  
1.074 
  	
  
 
  	
  
 
  	
  
x
  	
  
 
  	
  
 
  	
  
#2 - ENTREGA
  	
  
 
  	
  
 
  	
  
27
  	
  
 
  	
  
 
  	
  
50,000
  	
  
 
  	
  
 
  	
  
10
  	
  
 
  
	
  Non - Anchor
  	
  
 
  	
  
$
  	
  
0.270 
  	
  
 
  	
  
$
  	
  
0.724 
  	
  
 
  	
  $
  	
  
1.094 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
#2 - ENTREGA
  	
  
 
  	
  
 
  	
  
28 
  	
  
 
  	
  
 
  	
  
50,000
  	
  
 
  	
  
 
  	
  
10
  	
  
 
  
	
   
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
#2 - ENTREGA
  	
  
 
  	
  
 
  	
  
29
  	
  
 
  	
  
 
  	
  
50,000
  	
  
 
  	
  
 
  	
  
10
  	
  
 
  
	
   
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  

  	
  

  	
  
 
  	
  
 
  	
   
 	
  
 
  
	
  Total
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
200,000
  	
  
 
  	
  
 
  	
   
 	
  
 
  

Option 3

	
   
 	
   
 	
  
Adjustable   Rate Option - Starting Rate
  	
   
 	
  
Check

   
Option
   (1 only)
  	
   
 	
  
Primary   Receipt Point #
  	
   
 	
  
Primary
   Delivery
   Point #
  	
   
 	
  
MDQ

   
(Dth/d)
  	
   
 	
  
Term
   in
   Years
  	
   
 
	
   
 	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 
	
   
 	
   
 	
   
 	
  Zone 1
  	
   
 	
   
 	
  
Zone 2
  	
   
 	
   
 	
  
Zone 3
  	
   
 	
   
 	
   
 	
   
 	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  Anchor
  	
  
 
  	
  
$
  	
  
0.250 
  	
  
 
  	
  
$
  	
  
0.704 
  	
  
 
  	
  $
  	
  
1.074 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  
	
  Non - Anchor
  	
  
 
  	
  
$
  	
  
0.270 
  	
  
 
  	
  
$
  	
  
0.724 
  	
  
 
  	
  $
  	
  
1.094 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  

	
   
 	
   
 	
  Adjustable   Rate Option - Floor Rate
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
   
 	
   
 	
  

  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
   
 	
   
 	
   
 	
  Zone 1
  	
   
 	
   
 	
  
Zone 2
  	
   
 	
   
 	
  
Zone 3
  	
   
 	
   
 	
   
 	
   
 	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  Anchor
  	
  
 
  	
  
$
  	
  
0.200 
  	
  
 
  	
  
$
  	
  
0.654 
  	
  
 
  	
  
$
  	
  
1.024 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  
	
  Non - Anchor
  	
  
 
  	
  
$
  	
  
0.220 
  	
  
 
  	
  
$
  	
  
0.674 
  	
  
 
  	
  
$
  	
  
1.044 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  

	
   
 	
   
 	
  Adjustable   Rate Option - Ceiling Rate
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
   
 	
   
 	
  

  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
   
 	
   
 	
   
 	
  Zone 1
  	
   
 	
   
 	
  
Zone 2
  	
   
 	
   
 	
  
Zone 3
  	
   
 	
   
 	
   
 	
   
 	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  Anchor
  	
  
 
  	
  
$
  	
  
0.300 
  	
  
 
  	
  
$
  	
  
0.754 
  	
  
 
  	
  $
  	
  
1.124 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  
	
  Non - Anchor
  	
  
 
  	
  
$
  	
  
0.320 
  	
  
 
  	
  
$
  	
  
0.774 
  	
  
 
  	
  $
  	
  
1.144 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  

	
  
 
  	
  
Please check one:
  
	
  
Shipper agrees to be pro-rated based on Open Season   Results?
  	
  
Yes
  	
  
o
  	
  
 
  	
  
No
  	
  
x
  

	
  
If yes, Shippers   minimum acceptable quantity:   ___________________________________________
  	
  
 
  

Fuel, Loss and Unaccounted For (“FL&U”) Percentages applicable to each Certificate

Transporter will propose as part of its Gas Tariff, subject to FERC approval, that FL&U shall be assessed in-kind and that FL&U will be adjusted through a tracking provision. The following tables reflect the estimated FL&U charges for each certificate:

	
   
 	
   
 	
  
Certificate   I Segment -Estimated Initial FL&U Percentages (Note 1)
  	
   
 
	
   
 	
   
 	
  

  	
   
 
	
  
 
  	
  
 
  	
  
Zone 1
  	
   
 	
  
Zone 2
  	
   
 	
  
Zone 3
  	
  
 
  
	
   
  	
  
 
  	
  

  	
   
 	
  

  	
   
 	
  

  	
  
 
  
	
  
Cumulative
  	
  
 
  	
  
 
  	
  
0.91%
  	
  
 
  	
  
 
  	
  
1.47
%
  	
  
 
  	
  
 
  	
  
n/a
  	
  
 
  

	
   
 	
   
 	
  Certificate   2 Segment -Estimated Initial FL&U Percentages (Note 1)
  	
   
 
	
   
 	
   
 	
  

  	
   
 
	
  
 
  	
  
 
  	
  
Zone 1
  	
   
 	
  
Zone 2
  	
   
 	
  
Zone 3
  	
  
 
  
	
   
  	
  
 
  	
  

  	
   
 	
  

  	
   
 	
  

  	
  
 
  
	
  
Cumulative
  	
  
 
  	
  
 
  	
  
0.87%
  	
  
 
  	
  
 
  	
  
1.47%
  	
  
 
  	
  
 
  	
  
2.00%
  	
  
 
  

	
   
 	
   
 	
  Certificate   3 Segment -Estimated Initial FL&U Percentages (Note 1)
  	
   
 
	
   
 	
   
 	
  

  	
   
 
	
  
 
  	
  
 
  	
  
Zone 1
  	
   
 	
  
Zone 2
  	
   
 	
  
Zone 3
  	
  
 
  
	
   
  	
  
 
  	
  

  	
   
 	
  

  	
   
 	
  

  	
  
 
  
	
  
Cumulative
  	
  
 
  	
  
 
  	
  
0.87%
  	
  
 
  	
  
 
  	
  
1.47%
  	
  
 
  	
  
 
  	
  
2.22%
  	
  
 
  

Note 1 - The estimated FL&U above is applicable to all rate options; assumes a 90% load factor on a 1,500,000 Dth/d per day case

The following illustrative zone matrix will be included and applicable under Rockies Express FERC Gas Tariff, subject to final approval by FERC, and subject to annual fuel tracking, pursuant to Rockies’ tariff (assuming construction of all three Certificate Segments to Clarington, OH):

          FL&U Percentages:

 

	
   
 	
   
 	
  
Receipt
  	
   
 
	
   
 	
   
 	
  

  	
   
 
	
  
Delivery
  	
  
 
  	
  
Zone 1
  	
   
 	
  
Zone 2
  	
   
 	
  
Zone 3
  	
  
 
  
	
  

  	
   
  	
  

  	
   
 	
  

  	
   
 	
  

  	
  
 
  
	
  
Zone 1
  	
  
 
  	
  
 
  	
  
0.87%
  	
  
 
  	
   
 	
  
1.47%
  	
  
 
  	
   
 	
  
2.22%
  	
  
 
  
	
  
Zone 2
  	
  
 
  	
  
 
  	
  
1.47%
  	
  
 
  	
   
 	
  
0.60%
  	
  
 
  	
   
 	
  
1.35%
  	
  
 
  
	
  Zone 3
  	
  
 
  	
  
 
  	
  
2.22%
  	
  
 
  	
   
 	
  
1.35%
  	
  
 
  	
   
 	
  
0.75%
  	
  
 
  

Note: The L&U component of the above stated rates is 0,25%, and shall apply for backhauls within a single zone. Backhauls through multiple zones shall be subject to the above stated L&U component and actual fuel consumed in performing the transaction, if any, as determined by Transporter and as posted on Transporter’s electronic website, unless otherwise negotiated pursuant to Section 33 (Negotiated Rates) of the General Terms and Conditions of Transporter’s FERC Gas Tariff.

RECEIPT AND DELIVERY POINTS (List of 40 - continuing to next page)

	
  Point#
  	
   
 	
  
Point
  	
   
 	
  
R/D
  	
   
 	
  
Interconnecting   Entity
  	
   
 	
  
Description
  	
   
 	
  
Certificate
   Segment
  	
   
 	
  
Direct
  	
   
 	
  
Elect by
   marking X
  
	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  
	Primary Points

	
  1
  	
  
 
  	
  
Primary
  	
  
 
  	
  
R
  	
   
 	
  
Wyoming   Interstate Company
  	
   
 	
  
Laramie   County, WY
  	
   
 	
  
1
  	
   
 	
  
(1)
  	
   
 	
  
x
  
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  2
  	
  
 
  	
  
Primary
  	
  
 
  	
  
R
  	
   
 	
  
Entrega   Gas Pipeline
  	
   
 	
  
Cheyenne   Hub, CO
  	
   
 	
  
1
  	
   
 	
  
(2)
  	
   
 	
  
x
  
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  3
  	
  
 
  	
  
Primary
  	
  
 
  	
  
R
  	
   
 	
  
Colorado   Interstate Gas
  	
   
 	
  
Cheyenne   Hub, CO
  	
   
 	
  
1
  	
   
 	
  
(1)
  	
   
 	
  
x
  
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  4
  	
  
 
  	
  
Primary
  	
  
 
  	
  
R
  	
   
 	
  
Wyoming   Interstate Company
  	
   
 	
  
Cheyenne   Hub, CO
  	
   
 	
  
1
  	
   
 	
  
(1)
  	
   
 	
  
x
  
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  5
  	
  
 
  	
  
Primary
  	
  
 
  	
  
R
  	
   
 	
  
Kinder   Morgan Interstate Gas
  	
   
 	
  
Cheyenne   Hub, CO
  	
   
 	
  
1
  	
   
 	
  
(1)
  	
   
 	
   
 
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  6
  	
  
 
  	
  
Primary
  	
  
 
  	
  
R
  	
   
 	
  
Cheyenne   Plains Gas Pipeline
  	
   
 	
  
Cheyenne   Hub, CO
  	
   
 	
  
1
  	
   
 	
  
(1)
  	
   
 	
  
x
  
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  7
  	
  
 
  	
  
Primary
  	
  
 
  	
  
R
  	
   
 	
  
Public   Service of Colorado
  	
   
 	
  
Cheyenne   Hub, CO
  	
   
 	
  
1
  	
   
 	
  
(1)
  	
   
 	
  
x
  
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  8
  	
  
 
  	
  
Primary
  	
  
 
  	
  
R
  	
   
 	
  
Trailblazer   Pipeline
  	
   
 	
  
Cheyenne   Hub, CO
  	
   
 	
  
1
  	
   
 	
  
(1)
  	
   
 	
   
 
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  9
  	
  
 
  	
  
Primary
  	
  
 
  	
  
D
  	
   
 	
  
Kinder   Morgan Interstate Gas
  	
   
 	
  
Kimball   County, NE
  	
   
 	
  
1
  	
   
 	
  
(2)
  	
   
 	
   
 
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  10
  	
  
 
  	
  
Primary
  	
  
 
  	
  
D
  	
   
 	
  
Natural   Gas Pipeline Company of America
  	
   
 	
  
Jefferson   County, NE
  	
   
 	
  
1
  	
   
 	
  
(2)
  	
   
 	
  
x
  
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  11
  	
  
 
  	
  
Primary
  	
  
 
  	
  
D
  	
   
 	
  
Northern   Natural Gas
  	
   
 	
  
Jefferson   County, NE
  	
   
 	
  
1
  	
   
 	
  
(2)
  	
   
 	
  
x
  
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  12
  	
  
 
  	
  
Primary
  	
  
 
  	
  
D
  	
   
 	
  
ANR   Pipeline Company
  	
   
 	
  
Brown   County, KS
  	
   
 	
  
1
  	
   
 	
  
(2)
  	
   
 	
  
x
  
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  13
  	
  
 
  	
  
Primary
  	
  
 
  	
  
D
  	
   
 	
  
Panhandle   Eastern Pipe Line Company, LP
  	
   
 	
  
Audrain   County, MO
  	
   
 	
  
1
  	
   
 	
  
(2)
  	
   
 	
  
x
  
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  14
  	
  
 
  	
  
Primary
  	
  
 
  	
  
D
  	
   
 	
  
Natural   Gas Pipeline Company of America
  	
   
 	
  
Moultrie   County, IL
  	
   
 	
  
2
  	
   
 	
  
(2)
  	
   
 	
   
 
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  15
  	
  
 
  	
  
Primary
  	
  
 
  	
  
D
  	
   
 	
  
Panhandle   Eastern Pipe Line Company, LP
  	
   
 	
  
Douglas   County, IL
  	
   
 	
  
2
  	
   
 	
  
(2)
  	
   
 	
  
x
  
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  16
  	
  
 
  	
  
Primary
  	
  
 
  	
  
D
  	
   
 	
  
Trunkline   Gas Company
  	
   
 	
  
Douglas   County, IL
  	
   
 	
  
2
  	
   
 	
  
(2)
  	
   
 	
   
 
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  17
  	
  
 
  	
  
Primary
  	
  
 
  	
  
D
  	
   
 	
  
Midwestern   Gas Transmission Company
  	
   
 	
  
Edgar   County, IL
  	
   
 	
  
2
  	
   
 	
  
(2)
  	
   
 	
  
x
  
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  18
  	
  
 
  	
  
Primary
  	
  
 
  	
  
D
  	
   
 	
  
Texas   Gas Transmission
  	
   
 	
  
Parke   County, IN
  	
   
 	
  
2
  	
   
 	
  
(2)
  	
   
 	
   
 
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  19
  	
  
 
  	
  
Primary
  	
  
 
  	
  
D
  	
   
 	
  
Panhandle   Eastern Pipe Line Company, LP
  	
   
 	
  
Putnam,   County, IN
  	
   
 	
  
2
  	
   
 	
  
(2)
  	
   
 	
   
 
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  20
  	
  
 
  	
  
Primary
  	
  
 
  	
  
D
  	
   
 	
  
ANR   Pipeline Company
  	
   
 	
  
Shelby   County, IN
  	
   
 	
  
2
  	
   
 	
  
(2)
  	
   
 	
   
 
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  21
  	
  
 
  	
  
Primary
  	
  
 
  	
  
D
  	
   
 	
  
Columbia   Gas Transmission
  	
   
 	
  
Lebanon   Hub, OH
  	
   
 	
  
2
  	
   
 	
  
(2)
  	
   
 	
  
x
  
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  22
  	
  
 
  	
  
Primary
  	
  
 
  	
  
D
  	
   
 	
  
Dominion   Transmission Inc.
  	
   
 	
  
Lebanon   Hub, OH
  	
   
 	
  
2
  	
   
 	
  
(2)
  	
   
 	
  
x
  
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  23
  	
  
 
  	
  
Primary
  	
  
 
  	
  
D
  	
   
 	
  
Texas   Eastern Transmission Company
  	
   
 	
  
Lebanon   Hub, OH
  	
   
 	
  
2
  	
   
 	
  
(2)
  	
   
 	
  
x
  
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  24
  	
  
 
  	
  
Primary
  	
  
 
  	
  
D
  	
   
 	
  
Texas   Gas Transmission
  	
   
 	
  
Lebanon   Hub, OH
  	
   
 	
  
2
  	
   
 	
  
(2)
  	
   
 	
  
x
  

	
  25
  	
  
 
  	
  
Primary
  	
  
 
  	
  
D
  	
   
 	
  
Columbia   Gas Transmission Corp.
  	
   
 	
  
Fairfield   County, OH
  	
   
 	
  
3
  	
   
 	
  
(2)
  	
   
 	
  
x
  
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  26
  	
  
 
  	
  
Primary
  	
  
 
  	
  
D
  	
   
 	
  
Tennessee   Gas Pipeline
  	
   
 	
  
Murkingum   County, OH
  	
   
 	
  
3
  	
   
 	
  
(2)
  	
   
 	
   
 
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  27
  	
  
 
  	
  
Primary
  	
  
 
  	
  
D
  	
   
 	
  
Dominion   Transmission, Inc.
  	
   
 	
  
Clarington   Hub, OH
  	
   
 	
  
3
  	
   
 	
  
(2)
  	
   
 	
  
x
  
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  28
  	
  
 
  	
  
Primary
  	
  
 
  	
  
D
  	
   
 	
  
Dominion   East Ohio Gas
  	
   
 	
  
Clarington   Hub, OH
  	
   
 	
  
3
  	
   
 	
  
(2)
  	
   
 	
  
x
  
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  29
  	
  
 
  	
  
Primary
  	
  
 
  	
  
D
  	
   
 	
  
Texas   Eastern Transmission Company
  	
   
 	
  
Clarington   Hub, OH
  	
   
 	
  
3
  	
   
 	
  
(2)
  	
   
 	
  
x
  

Secondary Points - may be designated by Shippers as Primary, and upon evaluation by Transporter, may be accepted as Primary; Transporter will provide notice of such designation of any points listed below

	
  30
  	
  
 
  	
  
Secondary
  	
  
 
  	
  
D
  	
   
 	
  
Kansas   Gas Service Co.
  	
   
 	
  
NE   KS
  	
   
 	
  
1
  	
   
 	
   
 	
   
 	
   
 
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  31
  	
  
 
  	
  
Secondary
  	
  
 
  	
  
D
  	
   
 	
  
Kansas   Gas Service Co.
  	
   
 	
  
MO   (Kansas City)
  	
   
 	
  
1
  	
   
 	
   
 	
   
 	
   
 
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  32
  	
  
 
  	
  
Secondary
  	
  
 
  	
  
D
  	
   
 	
  
Missouri   Gas Energy
  	
   
 	
  
MO   (Kansas City)
  	
   
 	
  
1
  	
   
 	
   
 	
   
 	
   
 
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  33
  	
  
 
  	
  
Secondary
  	
  
 
  	
  
D
  	
   
 	
  
Central   Illinois Public Service Co.
  	
   
 	
  
West,   IL
  	
   
 	
  
2
  	
   
 	
   
 	
   
 	
   
 
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  34
  	
  
 
  	
  
Secondary
  	
  
 
  	
  
D
  	
   
 	
  
Central   Illinois Public Service Co.
  	
   
 	
  
Near   Decatur, IL
  	
   
 	
  
2
  	
   
 	
   
 	
   
 	
  
x
  
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  35
  	
  
 
  	
  
Secondary
  	
  
 
  	
  
D
  	
   
 	
  
Illinois   Power Co.
  	
   
 	
  
Near   Decatur, IL
  	
   
 	
  
2
  	
   
 	
   
 	
   
 	
  
x
  
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  36
  	
  
 
  	
  
Secondary
  	
  
 
  	
  
D
  	
   
 	
  
Citizens   Gas & Coke Utility
  	
   
 	
  
Indianapolis,   IN
  	
   
 	
  
2
  	
   
 	
   
 	
   
 	
  
x
  
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  37
  	
  
 
  	
  
Secondary
  	
  
 
  	
  D
 	
   
 	
  
Ohio   Valley Gas Corp.
  	
   
 	
  
West   OH
  	
   
 	
  
2
  	
   
 	
   
 	
   
 	
   
 
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  38
  	
  
 
  	
  
Secondary
  	
  
 
  	
  
D
  	
   
 	
  
Vectren.
  	
   
 	
  
Dayton,   OH
  	
   
 	
  
2
  	
   
 	
   
 	
   
 	
  
x
  
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  39
  	
  
 
  	
  
Secondary
  	
  
 
  	
  
D
  	
   
 	
  
Cincinnati   Gas & Electric
  	
   
 	
  
Cincinnati,   OH
  	
   
 	
  
2
  	
   
 	
   
 	
   
 	
   
 
	
   
 	
  
 
  	
   
 	
  
 
  	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 	
   
 
	
  40
  	
  
 
  	
  
Secondary
  	
  
 
  	
  
D
  	
   
 	
  
Columbia   Gas of Ohio, Inc
  	
   
 	
  
Columbus,   OH
  	
   
 	
  
3
  	
   
 	
   
 	
   
 	
  
x
  

	
  
 
  	
  
(1)
  	
  
Compression may be   required to cause delivery into Rockies Express. An incremental fee may be   required to provide the compression service, as determined necessary by   Transporter.
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
(2)
  	
  
Direct access with no   additional compression required.
  

Other Receipt or Delivery Points

          If Shipper desires a receipt point or delivery point other than those identified in Appendix A, attached hereto, Shipper shall specify such desired points in the space provided below and the related MDQ quantity. If the Shipper’s bid is contingent upon Transporter accommodating Shipper with respect to such receipt point(s) or delivery point(s), Shipper must so indicate by checking the space provided below. Additional Receipt or Delivery Point(s) will be pursued provided that the incremental costs of such additional points are acceptable to Transporter in its sole discretion. Transporter will inform Shipper whether it can accommodate, in whole or in part, such requested Receipt or Delivery Point(s).

 

 

____  Check here to indicate if this bid is contingent upon the points identified
under "Other Receipt or Delivery Points” above being accommodated by Transporter.

Agreed to by:

	
  
Shipper   Signature:
  	
  
/s/ Michael D. Watford
  	
  
 
  
	
   
  	
  

  	
  
 
  
	
  
Name   (Please print): 
  	
  
MICHAEL D. WATFORD
  	
  
 
  
	
  
Company: 
  	
  
ULTRA RESOURCES, INC.
  	
  
 
  
	
  
Title:
  	
  
CEO
  	
  
 
  
	
  
Telephone   Number:
  	
  
281-876-0120, X-300
  	
  
 
  

APPENDIX B

FORM OF TRANSPORTATION SERVICE AGREEMENT
 APPLICABLE TO FIRM TRANSPORTATION SERVICE UNDER
 RATE SCHEDULE FTS

          In consideration of the representations, covenants and conditions contained below,
Rockies Express Pipeline LLC (“Transporter”) and Shipper agree, as of                 [DATE], that Transporter
will provide transportation service for Shipper on a firm basis in accordance with the provisions contained in this Transportation Service Agreement. This Agreement includes all Other terms and conditions of Transporter’s FERC Gas Tariff, Volume No. 1, and the terms, conditions and signatures of Shipper’s electronic agreement with Transporter.

	
  
1.
  	
  
This Agreement is:
  	
  
 
  
	
  
 
  	
  
____________________   Original
  	
  
 
  
	
  
 
  	
  
____________________   Amendment No. effective                 [DATE]
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
2.
  	
  
SHIPPER’S NAME AND   ADDRESS:
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
_____________________________________________
  	
  
 
  
	
  
 
  	
  
_____________________________________________
  	
  
 
  
	
  
 
  	
  
_____________________________________________
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
3.
  	
  
TERM OF SERVICE:                 [DATE]   to                [DATE]
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
4.
  	
  
SHIPPER’S STATUS:
  	
  
 
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
__________ Local   Distribution Company
  	
  
 
  
	
  
 
  	
  
__________ Intrastate   Pipeline Company
  	
  
 
  
	
  
 
  	
  
__________ Interstate   Pipeline Company
  	
  
 
  
	
  
 
  	
  
__________ Other:   ________________________
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
5.
  	
  
TRANSPORTATION ON BEHALF   OF:
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
__________ LDC
  	
  
 
  
	
  
 
  	
  
__________ Intrastate   Pipeline Company
  	
  
 
  
	
  
 
  	
  
__________ Interstate   Pipeline Company
  	
  
 
  
	
  
 
  	
  
__________ Other:   ________________________
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
6.
  	
  
RATE SCHEDULE FTS MAXIMUM   DAILY QUANTITY (“MDQ”):
  	
  
 
  
	
  
 
  	
  
Period
  	
  
MDQ
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
______________________________
  	
  
___________________
  
	
  
 
  	
  
______________________________
  	
  
___________________
  
	
  
 
  	
  
______________________________
  	
  
___________________
  

2

	
  
7.
  	
  
PRIMARY RECEIPT POINTS   & MAXIMUM DAILY RECEIPT QUANTITY (“MDRQ”):
  
	
  
 
  	
  
Period
  	
  
PIN
  	
  
MDDQ
  
	
   
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
___________________
  	
  
___________________
  	
  
___________________
  
	
  
 
  	
  
___________________
  	
  
___________________
  	
  
___________________
  
	
  
 
  	
  
___________________
  	
  
___________________
  	
  
___________________
  

	
  8.
  	
  
PRIMARY DELIVERY POINTS   & MAXIMUM DAILY DELIVERY QUANTITY (“MDDQ”):
  
	
  
 
  	
  
Meter   No.
  	
  
 
  	
  
Capacity
  	
  
 
  
	
  
 
  	
  
Period
  	
  
 
  	
  
PIN
  	
  
MDRQ
  	
  
Delivery Pressure
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
___________________
  	
  
 
  	
  
___________________
  	
  
___________________
  	
  
___________________
  
	
  
 
  	
  
___________________
  	
  
 
  	
  
___________________
  	
  
___________________
  	
  
___________________
  
	
  
 
  	
  
___________________
  	
  
 
  	
  
___________________
  	
  
___________________
  	
  
___________________
  

	
  9.
  	
  
RATES 1/:
  
	
  
 
  	
  
 
  
	
  
 
  	
  
FTS Reservation Charge:
  
	
  
 
  	
  
 
  	
  
The Reservation Rate   charged will be the maximum applicable rate stated on the applicable rate   sheet unless otherwise agreed to in writing.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
Commodity Charge:
  
	
  
 
  	
  
 
  	
  
The Commodity Rate charged   will be the maximum applicable rate stated on the applicable rate sheet.
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
Fuel Reimbursement   Percentage:
  
	
  
 
  	
  
 
  	
  
The Fuel Reimbursement   Percentage will be that stated on the applicable rate sheet, subject to   adjustment pursuant to Section 38 of the General Terms and Conditions of this   Tariff.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
10.
  	
  
ADDITIONAL FACILITIES   CHARGES:
  
	
  
 
  	
  
 
  
	
  
 
  	
  
__________ None
  
	
  
 
  	
  
__________ Lump sum   payment of: $__________
  
	
  
 
  	
  
__________ Monthly fee of:   $__________
  
	
  
 
  	
  
__________ See additional   terms
  
	
   
  	
  
 
  
	
  
1/
  	
  
Rates may be negotiated   pursuant to Section 33 of the General Terms and Conditions of this Tariff.
  

3

	
  
11.
  	
  
NOTICE OF ROFR EXERCISE   (pursuant to Section 17.3 of the General Terms and Conditions of this   Tariff):
  
	
  
 
  	
  
 
  
	
  
 
  	
  
__________ Month(s) in   advance of (i) the end of the primary term or (ii) any termination date after   the primary term has ended.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
12.
  	
  
NOTICE OF ROLLOVER   PROVISION (pursuant to Section 17.2 of the General Terms and Conditions of   this Tariff):
  
	
   
  	
  
 
  
	
  
 
  	
  
__________ day(s) in   advance of (i) the end of the primary term or the extended term or (ii) any   termination date after the primary term has ended.
  
	
  
 
  	
  
 
  
	
  
13.
  	
  
NOTICES TO TRANSPORTER   UNDER THIS AGREEMENT SHALL BE ADDRESSED TO:
  
	
  
 
  	
  
 
  
	
  
 
  	
  
Rockies Express Pipeline   LLC
   370 Van Gordon Street
   P.O. Box 281304
   Lakewood, CO 80228-8304
  
	
  
 
  	
  
 
  
	
  
14.
  	
  
ADDITIONAL TERMS:
  
	
  
 
  	
  
 
  
	
  
Shipper Approval:
  

	
  
SIGNATURE:
  	
  
 
  	
  
 
  
	
  
 
  	
  

  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
TITLE:
  	
  
 
  	
  
 
  
	
  
 
  	
  

  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
DATE:
  	
  
 
  	
  
 
  
	
  
 
  	
  

  	
  
 
  
	
   
  	
  
 
  	
  
 
  
	
  
Rockies Express Pipeline   LLC:
  	
  
 
  
	
  
 
  	
  
 
  
	
  
SIGNATURE:
  	
  
 
  	
  
 
  
	
  
 
  	
  

  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
TITLE:
  	
  
 
  	
  
 
  
	
  
 
  	
  

  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  DATE:
  	
  
 
  	
  
 
  
	
  
 
  	
  

  	
  
 
  

4

APPENDIX C
 CREDIT REQUIREMENTS

Shipper will be deemed creditworthy if (i) its long-term unsecured debt securities are rated at least BBB- by Standard and Poor’s Corporation (“S&P”) and at least Baa3 by Moody’s Investor Service (“Moody’s”), in each case with stable outlook; and (ii) the sum of reservation fees, commodity fees and any other associated fees and charges for thirty-six months is less than 15% of Shipper’s tangible net worth. For the purposes of this Appendix C, the term “tangible net worth” shall mean for a corporation the sum of the capital stock, paid-in capital in excess of par or stated value, and other free and clear equity reserve accounts less goodwill, patents, unamortized loan costs or restructuring costs, and other intangible assets. Only actual tangible assets are included in Transporter’s assessment of creditworthiness. In comparing the overall value of a Shipper’s contract to tangible net worth for credit
evaluation purposes, Transporter will compare the net present value of demand or reservation charge obligations under such contracts to Shipper’s current tangible net worth. If a Shipper has multiple service agreements with Transporter, then the total potential fees and charges of all such service agreements shall be considered in determining creditworthiness.

If Shipper does not meet the criteria described above, then Shipper may request that Transporter evaluate its creditworthiness based upon the level of service requested relative to the Shipper’s current and future ability to meet its obligations. Such credit appraisal shall be based upon Transporter’s evaluation of the following information and credit criteria:

	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
a.
  	
  
S&P and Moody’s   opinions, watch alerts, and rating actions and reports, rating, opinions and   other actions by Dun and Bradstreet and other credit reporting agencies will   be considered in determining creditworthiness.
  
	
  
 
  	
  

b.
  	
  

Consistent financial   statement analysis will be applied by Transporter to determine the   acceptability of Shipper’s current and future financial strength. Shipper’s   balance sheets, income statements cash flow statements and auditor’s notes   will be analyzed along with key ratios and trends regarding liquidity, asset   management, debt management, debt coverage, capital structure, operational   efficiency and profitability.
  
	
  
 
  	
  

c.
  	
  

Shipper must not be   operating under any chapter of the bankruptcy laws and must not be subject to   liquidation or debt reduction procedures under state laws and there must not   be pending any petition for involuntary bankruptcy.  An exception may be made for a Shipper who is a   debtor-in-possession operating under Chapter XI of the Federal Bankruptcy Act   if Transporter is assured that the service billing will be paid promptly as a   cost of administration under the federal court’s jurisdiction, based on a   court order in effect, and if the Shipper is continuing and continues in the   future to make payment.
  
	
   
  	
  

d.
  	
  

Whether Shipper is subject   to any lawsuits or judgments outstanding which could materially impact its   ability to remain solvent.
  

	
  
 
  	
  
e.
  	
  
The nature of the   Shipper’s business and the effect on that business of general economic   conditions and economic conditions specific to it, including Shipper’s   ability to recover the costs of Transporter’s services through filings with   regulatory agencies or otherwise to pass on such costs to its customers.
  
	
  
 
  	
  

f.
  	
  

Any other information,   including any information provided by Shipper, that is relevant to Shipper’s   current and future financial strength and Shipper’s ability to make full   payment over the term of the contract.
  

6

APPENDIX D

PARENTAL GUARANTY

          THIS PARENTAL GUARANTY (this “Guaranty”), is made and entered into as of December 19, 2005, by Ultra Petroleum Corp., a Yukon Territories (Canada) corporation (“Guarantor”), in favor of Rockies Express Pipeline LLC, a Delaware limited liability company (“Rockies”). (Except as otherwise defined herein, capitalized terms used herein and defined in the PA (as defined below) shall be used herein as therein defined.)

W I T N E S S E T H:

          WHEREAS, Ultra Resources, Inc., a Wyoming corporation (“URI”) is a wholly-owned subsidiary of Guarantor; and Guarantor wishes URI to enter into the Project Precedent Agreement, dated as of December 19, 2005 and the FTSA’s described in Section 7 therein, between URI and Rockies (as it may from time to time be modified, supplemented, or amended, collectively, the “PA”).

          WHEREAS, pursuant to the PA, URI has incurred or will incur certain obligations to Rockies upon the terms and conditions set forth in the PA (all such obligations, including the obligations of URI to pay amounts due under the PA, being referred to collectively as the “Guaranteed Obligations”).

          WHEREAS, Rockies is willing to enter into the PA with URI on the condition that it receive assurances of the payment of the Guaranteed Obligations, and Guarantor is willing to provide such assurances in accordance with the terms and conditions of this Guaranty.

          WHEREAS, Guarantor acknowledges that, as the parent of URI, it will be benefited by the execution and delivery of the PA;

          NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein and other good and valuable consideration, the adequacy and receipt of which are hereby acknowledged, Guarantor hereby agrees as follows:

                     1.          Guarantor
absolutely, irrevocably and unconditionally guarantees to Rockies the full and
prompt payment by URI of all the Guaranteed Obligations under and in accordance
with the terms of the PA and the compliance by URI with all the terms and
conditions of the PA. Sections l(a), l(b), l(c) and l(d) below provide for the
establishment of the total amount of Guaranteed Obligations in effect upon
specified notification dates. In each case, the factors utilized to establish
such amounts shall be the applicable rates, as adjusted in accordance with
Section 4 of the PA, and the applicable capacity, as adjusted in accordance with
Section 7 of the PA. This Guaranty shall constitute a guaranty of payment, and
not of collection, provided that:

	
  
 
  	
  
(a) 
  	
  
This Guaranty will become   effective and enforceable upon its delivery by Rockies to URI and shall   continue in effect for ten (10) years from the date hereof. The amount of the   Guaranty will be no greater than an amount equal to the total Certificate 1   Segment reservation charges payable in respect of the MDQ for eighteen (18) months of Service and   the total amount of this Guaranty will be set forth in the notice from   Rockies as provided herein;
  

7

	
   
  	
  
(b)
  	
  
Within thirty (30) days   after receipt of notice by URI from Rockies that Rockies has received and accepted   FERC Authorization for the Certificate 1 Segment, the amount of the Guaranty   shall be adjusted to an amount no greater than an amount equal to the total   Certificate 1 Segment reservation charges payable in respect of the MDQ for   thirty-six (36) months of Service and the total amount of this Guaranty will   be set forth in the notice from Rockies as provided herein;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(c)
  	
  
Within thirty (30) days   after receipt of notice by URI from Rockies that Rockies has received and   accepted FERC Authorization for the Certificate 2 Segment, the amount of the   Guaranty shall be adjusted to an amount no greater than an amount equal to   the total Certificate 2 Segment reservation charges payable in respect of the   MDQ for thirty-six (36) months of service for such Segment and the total   amount of this Guaranty will be set forth in the notice from Rockies as   provided herein; and
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(d)
  	
  
Within thirty (30) days   after receipt of notice by URI from Rockies that Rockies has received and   accepted FERC Authorization for the Certificate 3 Segment, the amount of the   Guaranty shall be adjusted to an amount no greater than an amount equal to   the total Certificate 3 Segment reservation charges payable in respect of the   MDQ for thirty-six (36) months of service for such Segment and the total   amount of this Guaranty will be set forth in the notice from Rockies as   provided herein.
  

                     2.          The liability of Guarantor hereunder is exclusive and independent of any security for or other guaranty of the payment by URI of the Guaranteed Obligations, whether executed by Guarantor, any other guarantor or any other party, and the liability of Guarantor hereunder shall not be affected or impaired by any circumstance or occurrence whatsoever related to any such other guaranty.

                     3.          The obligations of Guarantor hereunder are independent of the obligations of any other guarantor and a separate action or actions may be brought and prosecuted against Guarantor whether or not action is brought against any other guarantor and whether or not any other guarantor be joined in any such action or actions. Any payment by URI or other circumstance which operates to toll any statute of limitations as to URI shall operate to toll the statute of limitations as to Guarantor.

                     4.          Provided that a Guaranteed Obligation has been invoiced and is not paid when due, Guarantor hereby waives notice of any liability to which it may apply, and waives promptness, diligence, presentment, demand of payment, protest, notice of dishonor or nonpayment of any such liabilities, suit or taking of other action by Rockies against, and any other notice to, any party liable thereon (including Guarantor or any other guarantor). Rockies may at any time and from time to time without the consent of, or notice to, Guarantor,
without incurring responsibility to Guarantor, and without impairing or releasing the obligations of Guarantor hereunder, upon or without any terms or conditions and in whole or in part:

8

          (a)       make any change, amendment, or modification in the terms of the PA or FTSA agreed to by Rockies and URI affecting any of the Guaranteed Obligations, and the guaranty herein made shall apply to the Guaranteed Obligations as so changed, amended or
modified; and/or

          (b)       act or fail to act in any manner referred to in this Guaranty which may deprive such Guarantor of its right to subrogation against URI to recover full indemnity for any payments made pursuant to this Guaranty.

                     5.          This Guaranty shall be a primary, absolute, irrevocable and unconditional obligation of Guarantor payable in US dollars and subject to such defenses as URI may have possessed other than as set forth in the following sentence relating to bankruptcy and insolvency. Notwithstanding any other defenses claimed by Guarantor, Guarantor agrees to indemnify and hold harmless Rockies for, and this Guaranty shall cover all losses asserted against or actually incurred by Rockies as a result of, URI’s bankruptcy, insolvency, liquidation or winding up, whether voluntary or involuntary, including, but not limited to, any avoidance action under Chapter 5 of the Bankruptcy Code, any fraudulent conveyance or related action under applicable state laws, any attempt to reject this Guaranty or
the agreements that give rise to the Guaranteed Obligations or any part thereof, as executory contracts under Section 365 of the Bankruptcy Code, whether successful or not.

                     6.          This Guaranty is a continuing one and all liabilities to which it applies or may apply under the terms hereof shall be conclusively presumed to have been created in reliance hereon.   No failure or delay on the part of Rockies in exercising any right, power or privilege hereunder in any instance or circumstance shall operate as a waiver thereof in any subsequent instance or circumstance, whether of like or different kind; nor shall any single or partial exercise of any right, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, power or privilege.   The rights and remedies herein expressly specified are cumulative and not exclusive of any rights or remedies which Rockies would otherwise have. No notice

to or demand on Guarantor in any case shall entitle Guarantor to any other or further notice or demand in similar or other circumstances or constitute a waiver of the rights of Rockies to any other or further action in any circumstances without notice or demand.   It is not necessary for Rockies to inquire into the capacity or powers of URI or the officers, directors, partners or agents acting or purporting to act on its behalf.

                     7.          Guarantor hereby agrees with Rockies that it will not exercise any right of subrogation which it may at any time otherwise have as a result of this Guaranty (whether contractual, under Section 509 of the Bankruptcy Code or otherwise) until all Guaranteed Obligations have been indefeasibly paid in full (it being understood that Guarantor is not waiving any right of subrogation that it may otherwise have but is only waiving the exercise thereof as provided above).

                     8.          (a)          Guarantor waives any right (except as shall be required by applicable statute and cannot be waived) to require Rockies to: (i) proceed against URI,
any other guarantor of the Guaranteed Obligations or any other party; (ii) proceed against or exhaust any security held from URI, any other guarantor of the Guaranteed Obligations or any other party; or (iii) pursue any other remedy in Rockies’ power whatsoever.

9

          (b)      Guarantor assumes all responsibility for being and keeping itself informed of URI’s financial condition and assets, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations and the nature, scope and extent of the risks which Guarantor assumes and incurs hereunder, and agrees that Rockies shall have no duty to advise Guarantor of information known to it regarding such circumstances or risks.

                     9.          In order to induce Rockies to enter into the PA, Guarantor represents, warrants and covenants that:

          (a)       Status. Guarantor (i) is a duly organized and validly existing corporation, in good standing under the laws of the jurisdiction of its organization, (ii) has the corporate power and authority to own or lease its property and assets and to transact the business in which it is engaged and presently proposes to engage and (iii) is duly qualified and is authorized to do business and is in good standing in each jurisdiction where the conduct of its business requires such qualification, except for failures to be so qualified which, individually or in the aggregate, could not reasonably be expected to have a material adverse effect.

          (b)       Power and Authority. Guarantor has the corporate power and authority to execute, deliver and perform the terms and provisions of this Guaranty and has taken all necessary corporate action to authorize the execution, delivery and performance by it of this Guaranty. Guarantor has duly executed and delivered this Guaranty and this Guaranty constitutes the legal, valid and binding obligation of Guarantor enforceable in accordance with its terms, except to the extent that the enforceability hereof and thereof may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other similar laws affecting creditors’ rights generally and by equitable principles (regardless of whether enforcement is sought in equity or at law).

          (c)       No Violation. Neither the execution, delivery or performance by Guarantor of this Guaranty, nor compliance by it with the terms and provisions hereof and thereof (i) will contravene any applicable provision of any law, statute, rule or regulation, or any order, writ, injunction or decree of any court or governmental instrumentality to which Guarantor is subject, (ii) will conflict or be inconsistent with or result in any breach of any of the terms, covenants, conditions or provisions of, or constitute a default under, or result in the creation or imposition of (or the obligation to create or impose) any Lien upon any of the property or assets of Guarantor or any of its Subsidiaries pursuant to the terms of, any indenture, mortgage, deed of trust, credit agreement or loan agreement or any other material agreement, contract or instrument to which
Guarantor or any of its Subsidiaries is a party or by which it or any of its property or assets is bound or to which it may be subject, or (iii) will violate any provision of the certificate of incorporation, certificate of partnership, partnership agreement, limited liability company agreement or by-laws of Guarantor or any of its Subsidiaries.

          (d)       Governmental Approvals.  No order, consent, approval, license, authorization or validation of, or filing, recording or registration with (except as have been obtained or made),
or exemption by, any governmental or public body or authority, or any subdivision thereof, is required to authorize, or is required in connection with, (i) the execution, delivery and performance of this Guaranty or (ii) the legality, validity, binding effect or enforceability of this Guaranty.

10

          (e)       Litigation. There are no actions, suits or proceedings pending or, to the best knowledge of Guarantor, threatened (i) which purport to affect the legality, validity or enforceability of this Guaranty or (ii) that could reasonably be expected to have a material adverse effect.

                     10.         Guarantor shall take, or will refrain from taking, as the case may be, all actions that are necessary to be taken or not taken so that no violation of any provision, covenant or agreement contained in the PA occurs.

                     11.         Guarantor hereby agrees to pay all out-of-pocket costs and expenses of Rockies in connection with the enforcement of this Guaranty (including reasonable legal fees and expenses) and the out-of-pocket costs and expenses of Rockies in connection with any waiver or consent relating hereto.

                     12.         This Guaranty shall be binding upon Guarantor and its successors and assigns and shall inure to the benefit of Rockies and its successors and assigns; provided, however, that, except as otherwise permitted under the PA, Guarantor may not assign or transfer any of its rights or obligations hereunder without the prior written consent of Rockies, which such consent will not be unreasonably withheld (and any such attempted assignment or transfer without such consent shall be null and void).

                     13.         Neither this Guaranty nor any provision hereof may be changed, waived, discharged or terminated except with the written consent of Guarantor and Rockies.

                     14.         Guarantor acknowledges that an executed (or conformed) copy of the PA has been made available to Guarantor and Guarantor is familiar with the contents thereof.

                     15.         All notices, requests, demands and other communications hereunder will be in writing and will be deemed to have been duly given when (i) delivered by hand (with written acknowledgment of receipt), (ii) sent by facsimile transmission (with receipt confirmed by an electronically generated written confirmation), or (iii) received by the addressee, if sent by a internationally recognized delivery service or other traceable method, in each case to the appropriate addresses and facsimile numbers set forth below (or to such other addresses and facsimile numbers as a party may designate by notice to the others):

	
  
 
  	
  
If to Guarantor, to:
  	
  
Ultra Petroleum Corp.
  
	
  
 
  	
  
 
  	
  
363 North Sam Houston   Parkway East
  
	
   
  	
  
 
  	
  
Suite 1200
  
	
  
 
  	
  
 
  	
  
Houston, Texas 77060
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
Facsimile: (281) 876-2831
  
	
  
 
  	
  
 
  	
  
Attention: Chief Financial   Officer
  

11

	
  
 
  	
  
with a copy to:
  	
  
 
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
Ultra Petroleum Corp.
  
	
  
 
  	
  
 
  	
  
363 North Sam Houston   Parkway East
  
	
  
 
  	
  
 
  	
  
Suite 1200
  
	
  
 
  	
  
 
  	
  
Houston, Texas 77060
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
Facsimile: (281) 876-2831
  
	
  
 
  	
  
 
  	
  
Attention: Stuart Nance
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
If to Rockies, to:
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
Rockies Express Pipeline   LLC 
  
	
  
 
  	
  
 
  	
  
500 Dallas St., Suite 1000   
  
	
  
 
  	
  
 
  	
  
Houston, Texas 77002
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
Attention: General Counsel   of Gas Pipelines 
  
	
   
  	
  
 
  	
  
Phone: (713) 369-8874 
  
	
  
 
  	
  
 
  	
  
Fax: (713) 369-9235
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
with a copy to:
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
Rockies Express Pipeline   LLC 
  
	
  
 
  	
  
 
  	
  
340 Van Gorden St. 
  
	
  
 
  	
  
 
  	
  
Lakewood, Colorado 80228
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
Attention: Rock Meyer,   President 
  
	
  
 
  	
  
 
  	
  
Phone: (303) 914-4736 
  
	
  
 
  	
  
 
  	
  
Fax: (303) 984-3486
  

                     16.         (a)          This Guaranty shall be binding upon the successors and assigns of Guarantor (although Guarantor may not assign its rights and obligations hereunder except in accordance with Section 12 hereof) and shall inure to the benefit of and be enforceable by Rockies and its respective successors and assigns. THIS GUARANTY AND THE RIGHTS AND OBLIGATIONS OF ROCKIES AND OF GUARANTOR HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEW YORK. Any legal action or proceeding with respect to this Guaranty may be brought in the courts of the State of New York or of the United States of America for the Southern District of New York, in each case which are located in the City of New York, and, by
execution and delivery of this Guaranty, Guarantor hereby irrevocably accepts for itself and in respect of its property, generally and unconditionally, the jurisdiction of the aforesaid courts. Guarantor hereby further irrevocably waives any claim that any such courts lack jurisdiction over Guarantor, and agrees not to plead or claim in any legal action or proceeding with respect to this Guaranty brought in any of the aforesaid courts that any such court lacks jurisdiction over Guarantor. Guarantor hereby irrevocably waives any objection to such service of process and further irrevocably waives and agrees not to plead or claim in any action or
proceeding commenced hereunder that service of process was in any way invalid or ineffective as long as actual notice of such action was received by Guarantor. Nothing herein shall affect the right of Rockies to serve process in any other manner permitted by law or to commence legal proceedings or otherwise proceed against Guarantor in any other
jurisdiction.

12

          (b)       Guarantor hereby irrevocably waives any objection which it may now or hereafter have to the laying of venue of any of the aforesaid actions or proceedings arising out of or in connection with this Guaranty brought in the courts referred to in clause (a) above and hereby further irrevocably waives and agrees not to plead or claim in any such court that such action or proceeding brought in any such court has been brought in an inconvenient forum.

                     17.         Guarantor hereby confirms that it is its intention that this Guaranty not constitute a fraudulent transfer or conveyance for purposes of any bankruptcy, insolvency or similar law, the Uniform Fraudulent Conveyance Act or any similar Federal, state or foreign law. To effectuate the foregoing intention, if enforcement of the liability of Guarantor under this Guaranty for the full amount of the Guaranteed Obligations would be an unlawful or voidable transfer under any applicable fraudulent conveyance or fraudulent transfer law or any comparable law, then the liability of Guarantor hereunder shall be reduced to the maximum amount for which such liability may then be enforced without giving rise to an unlawful or voidable transfer under any such law.

                     18.         All payments made by Guarantor hereunder will be made without setoff.

                     19.         Any provision of this Guaranty held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

                     20.         This Guaranty reflects the whole and entire agreement of the parties and supersedes all prior agreements related to the subject matter hereof.

*     *     *

13

          IN WITNESS WHEREOF, Guarantor has caused this Guaranty to be executed and delivered as of the date first above written.

	
  
GUARANTOR:
  	
  
ULTRA PETROLEUM CORP.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
By:
  	
  
 
  
	
  
 
  	
  
 
  	
  

  
	
   
  	
  
Name: 
  	
  
 
  
	  
	  
	

   
	
  
 
  	
  
Title:
  	
  
 
  
	  
	  
	

   
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
ROCKIES EXPRESS PIPELINE   LLC
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
By:
  	
  
 
  
	
  
 
  	
  
 
  	
  

  
	
  
 
  	
  
Name: 
  	
  
 
  
	  
	  
	

   
	 
	Title:Exhibit 10.2

PRECEDENT AGREEMENT
 Between
 Entrega Gas Pipeline LLC
 Rockies
Express Pipeline LLC
 And
 Ultra Resources, Inc.

          This Precedent
Agreement dated this 19th day of December, 2005 memorializes an agreement
between Entrega Gas Pipeline LLC (“Transporter”), a Delaware limited
liability company, and Ultra Resources, Inc. (“Shipper”) and Rockies
Express Pipeline LLC. Each of Transporter, Shipper and Rockies Express Pipeline
LLC are sometimes referred to herein individually as a “Party” and
collectively as the “Parties.”

RECITALS:

          WHEREAS,
Transporter is in the process of constructing a pipeline project that
originates at points located at the Meeker Hub, in Rio Blanco County, Colorado
(“Meeker”), proceeding northward to the vicinity of Wamsutter, in
Sweetwater County, Wyoming (“Wamsutter”) and then continuing
southeastward to the Cheyenne Hub in Weld County, Colorado (“Cheyenne
Hub”) (the “Existing Project”). The Existing Project has received
Federal Energy Regulatory Commission (“FERC”) authorization as a
facility required to provide interstate access to supplies of gas currently
available in the Meeker and Wamsutter areas; and

          WHEREAS,
Transporter proposes to construct or lease high-pressure interstate natural
gas pipeline facilities between Wamsutter and Opal, in Lincoln County, Wyoming
(the “Opal Hub”) and to potentially expand its currently certificated
capacity to provide additional service to the Cheyenne Hub (the “Entrega
Project”). The Entrega Project is intended to provide interstate access to
additional sources of Rocky Mountain gas supplies available at the Opal Hub and
in the vicinity of Kanda, in Sweetwater County, Wyoming as well as from the
Meeker Hub. Together, the Existing Project and the Entrega Project are referred
to as the “Entrega Projects”; and

          WHEREAS,
Rockies Express Pipeline LLC, an affiliate of Kinder Morgan Energy Partners
and Sempra Pipelines and Storage (“Rockies Express”), has proposed the
construction, and operation of certain facilities referred to as the Rockies
Express Pipeline Project (the “Rockies Project”). Additionally, a
prospective shipper would be able to transport gas on the Entrega Projects and
the Rockies Project for the purpose of long-haul, firm transportation of natural
gas out of the natural gas supply areas located in the Rocky Mountain producing
areas of Wyoming and Colorado to market hubs in the Mid-Continent area and
ultimately to market hubs serving Eastern markets. With these projects
in-service, natural gas could be transported through interstate pipeline
facilities that traverse to the east, through eight states, providing capability
to transport Rocky Mountain natural gas supplies to major pipeline interconnects
along the Rockies Project’s route up to the Clarington, Ohio area (the
“Clarington Hub”). The Rockies Express pipeline facilities will
include the installation of 42-inch diameter or larger pipe, downstream of the
Cheyenne Hub terminus of the Entrega Projects, with transportation capacity of
up to 2,000,000 Dth/day; and

          WHEREAS,
Transporter and Rockies Express intend that the availability of
transportation service subject to unitary nominations, scheduling and balancing
requirements and procedures (“Seamless Service”) for Rocky Mountain
natural gas production will be substantially increased and enhanced through the
combination of the Entrega Projects and the Rockies Project, through the
corporate acquisition of Transporter by Rockies Express; and

          WHEREAS, that
first stage of the Rockies Project downstream of the Cheyenne Hub has been
proposed as construction of a new pipeline of 42-inch or larger diameter pipe to
proceed eastward to an interconnection with Panhandle Eastern Pipe Line Company
in Audrain County, Missouri (“PEPL-Audrain”) in order to move Rocky
Mountain natural gas away from the constraint at the Cheyenne Hub and provide
interconnects with multiple pipelines in the Mid Continent to serve new markets
such as Kansas City, St. Louis and Chicago, with the anticipated result of
providing better netbacks to Rocky Mountain producers and increasing the
reliability of supply to Mid Continent markets; and

          WHEREAS,
EnCana Marketing (USA) Inc. (“EMUS”), a shipper on the Existing
Project, has designated Transporter as Facilitator in the turn back of certain
of EMUS’s Existing Project reserved capacity; and

          WHEREAS, EMUS
has agreed that it will turn back, under certain conditions, sufficient capacity
on the Existing Project so as to accommodate shippers that subscribe for
capacity on the Entrega Projects and the Rockies Project in the quantities
contemplated by this Precedent Agreement; and

          WHEREAS, The
facilities and capacities described may change based on the final project
design, shipper commitments or regulatory requirements; and

          WHEREAS, The
commitment provided by Shipper via this Precedent Agreement and potentially
other similar agreements will be used as support for the construction and
operation of the Entrega Projects; and

          WHEREAS,
Transporter is willing to continue its efforts to develop the Entrega
Projects and to proceed with obtaining all of the necessary governmental
authorizations to construct and acquire the required facilities, provided that
Transporter receives sufficient commitments from prospective shippers;
and,

2

          WHEREAS, this
Precedent Agreement has been executed as evidence of the agreement between
Transporter and Shipper that, upon satisfaction of the conditions precedent set
forth below, the parties will enter into a Firm Transportation Service Agreement
(the “FTSA”) providing for firm interstate natural gas transportation
service to be provided by Transporter for Shipper on the Entrega Projects
described herein.

          NOW, THEREFORE,
in consideration of the mutual covenants and agreement contained herein, and
intending to be legally bound, Transporter and Shipper agree as
follows:

1.       Effective Date and
Term

          This Precedent
Agreement shall become effective as of the date first stated above and, except
as provided in Section 8(c), shall remain in effect until the earlier of: (i)
Shipper’s or Transporter’s exercise of its termination rights pursuant
to this Precedent Agreement, as provided in Section 9 below, or (ii) the
execution of an FTSA for the Entrega Projects under the terms of this Precedent
Agreement.

     2.       Services

               Transporter
     agrees to work in good faith using commercially reasonable efforts to
     complete the Entrega Projects no later than January 1, 2008, and to provide
     Shipper, as conditioned herein, with firm transportation service as set
     forth on the attached Appendix A. The construction and operation of these
     interstate facilities are subject to the jurisdiction of the FERC, and
     subject to FERC and other federal, state and local permits and
     approvals.

     3.       Anchor
     Shippers

          If
Shipper’s bid satisfies the criteria described in this Section 3,
Shipper’s and Transporter’s execution of this Precedent Agreement will
establish Shipper as an Anchor Shipper. Anchor Shippers are shippers that have
made long-term capacity commitments through the Entrega Projects and all three
Segments of the Rockies Project prior to the conclusion of the Project Open
Season for the Rockies Project by the execution of precedent agreements which
contain binding commitments, (together with such commitments to the project that
are made by such shipper’s affiliates) equal to or exceeding 200,000
Dth/day on the Entrega Projects and all three Certificate Segments of the
Project. Transporter agrees to seek authority to provide priority in the
allocation of capacity to Anchor Shippers, and to make Anchor Shippers’
allocations of capacity not subject to pro ration in the Open Season for the
Entrega Projects. This Precedent Agreement will be deemed by Transporter to be a
bid in the Open Season for the Entrega Projects to be conducted by Transporter
during the months of November-December, 2005. For purposes of determining
Shipper’s status as an Anchor Shipper, Transporter will consider the
Shipper and its direct affiliates as a single entity and will aggregate the
Shipper’s commitments under it and its direct affiliates’ Precedent
Agreements.

3

          If Shipper qualifies
as an Anchor Shipper, Shipper’s rate for the Entrega Projects, as described
in this Precedent Agreement, shall be no higher than the lowest rate applicable
to any other shipper under a Firm Transportation Service Agreement for all three
Certificate Segments of the Rockies Project, excluding rates applicable to
Foundation Shippers (as defined in the Rockies Project Open Season Materials),
short-term transactions (i.e., 12, or fewer, consecutive months) or seasonal
transactions. For purposes of this provision the term “rates” shall
include the Reservation Charge, the Commodity Charge and all reservation and
commodity surcharges. This provision, as well as any other specific rate related
provisions included in this Precedent Agreement will be included in
Shipper’s FTSAs.

          Shipper’s
status as an Anchor Shipper, and the attendant rights, will continue to apply to
Precedent Agreements or related FTSAs which Shipper retains, even if the
capacity of the Shipper and its affiliates drops below the 200,000 Dth/day
threshold: (1) after any subsequent, permitted assignment of one or more of its
Precedent Agreement(s) or related FTSAs, with such assignment governed by this
Precedent Agreement or Transporter’s Tariff, as applicable, and (2) after
any subsequent permitted permanent capacity release of one or more of its
related FTSAs, with such permanent capacity release governed by
Transporter’s Tariff. It is expressly understood and agreed that the Anchor
Shipper status is not transferable to a successor Shipper except in the limited
circumstance where all of Shipper’s Precedent Agreements or FTSAs and that
of its affiliates, as applicable, are assigned or released, as applicable, at
the same time to a single successor shipper.

          Anchor Shippers
shall hold annual evergreen renewal rights, for one year term extensions of the
FTSA at the same rate and quantity, or portion of such quantity, as in effect at
the end of the primary term or subsequent evergreen extended term, exercisable
upon a minimum of six months written notice. Anchor Shippers shall also hold a
one-time contractual right of first refusal (“ROFR”), effective at the
end of the primary term of the FTSA, to be applicable to any portion of the
quantity (but not necessarily at the same rate), exercisable in accordance with
the notice provisions of the Tariff.

4.       Rates

          Shipper acknowledges
that it has made an election, as set forth on Appendix A, to either (i) pay the
Maximum Recourse Reservation rates for firm service under the FTSA or (ii) to
pay Fixed Negotiated Reservation Rates for firm service under the FTSA.
Regardless of which form of reservation rate Shipper shall have opted to pay,
the estimated Commodity Rate, Fuel and Lost and Unaccounted for Gas
(“FL&U”), ACA and any other additional authorized charges or
surcharges will be applied pursuant to the FERC approved Gas Tariff applicable
to the Entrega Projects (the “Tariff). Shipper will be billed based on
delivered volumes and, therefore, no transportation rate (either reservation or
commodity) shall apply to the Fuel and L&U received from Shipper. The
Commodity Rate, determined on the basis of a straight fixed variable rate
design, is estimated to be $0.003 per Dth, subject to final determination by the
FERC. Transporter will propose as part of the Tariff, subject to FERC approval,
that FL&U shall be assessed in-kind and that FL&U will be adjusted
through a tracking provision.

4

          If Shipper shall
have opted to pay a negotiated rate, as described on Appendix A, such negotiated
rate shall be applicable to service under the FTSA during the entire term of
such FTSA, as the same may be extended, regardless of any otherwise applicable
maximum rate and shall be applicable at all primary and secondary points on the
Entrega Projects that are located in a zone covered by Shipper’s primary
transportation path(s); provided that the applicability of the negotiated rate
assumes that receipts and deliveries under the FTSA will be made at the
prevailing operating pressures of the Entrega Projects facilities and that the
negotiated rate does not cover any non-conforming quality or pressure
requirement at any receipt or delivery point.

5.       Volume, Receipt and Delivery
Points

          The contract Maximum
Daily Quantity (“MDQ”) and primary term are as elected by Shipper on
the attached Appendix A (subject to the minimum term requirements set forth in
Appendix A). Shippers may elect MDQs that increase over time. The primary
receipt point(s) shall be located in the zone containing Meeker or Opal, as
applicable, and the primary delivery point shall be the Cheyenne Hub, subject to
Section 7 below. Secondary Receipt and Delivery Points will be made available
pursuant to the Tariff, and if Shipper elects the Fixed Negotiated Rate Option,
Shipper will be entitled to use the receipt point at Opal or Meeker that has not
been chosen for the primary point on a secondary out-of-path basis at the Fixed
Negotiated Rate.

6.       Conditions Precedent

          Performance by
Transporter of the duties and obligations assumed by it in this Precedent
Agreement are expressly subject to the following conditions
precedent:

	
  
 
  	
  
(a)
  	
  

All appropriate and final governmental approvals and other applicable
authorization must be obtained and maintained on terms acceptable to
Transporter, including approval of any lease or construction, and rates and
terms and conditions of service; and
 
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
(b)
  	
  

All rights-of-way and other surface rights required to site and maintain the
pipeline facilities along the route described herein must be obtained on terms
and conditions acceptable to Transporter: and
 
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(c)
  	
  

Sufficient firm capacity subscription must exist at acceptable rates, in
Transporter’s sole discretion, to proceed with the Entrega Projects;
provided, however, that this condition shall expire on February 28, 2006 if
Transporter has not terminated this Precedent Agreement on or before such date;
and
 
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(d)
  	
  

Shipper shall have complied with all its material obligations hereunder and
under any FTSA then in effect; and
 
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
(e)
  	
  

If applicable, any interstate pipeline that is the lessor under a capacity lease
contemplated by the Entrega Projects to Transporter shall have received and
accepted any regulatory authorization required from the FERC to provide the
leased capacity to Transporter by June 30, 2007.
 

5

7.       Discrete Project

          To expedite
transportation out of the Rocky Mountain supply areas to points east,
Transporter and Shipper acknowledge that Transporter shall file for certificate
authorization for the Entrega Projects and Rockies Express will file for
separate certificate authorization from FERC for each independent Segment of the
Rockies Project such that the Entrega Projects and each succeeding Segment of
the Rockies Project will be separately reviewed by FERC. Nonetheless, it is the
intent of Transporter and Shipper that the Rockies Project and the Entrega
Projects be available to provide Shipper with Seamless Service from the
producing areas of Wyoming and Colorado to eastern markets Transporter and
Shipper acknowledge that, effective as of the date hereof, Shipper has entered
into a precedent agreement with Rockies Express (the “Rockies Precedent
Agreement”) that provides for the execution by Shipper of three firm
transportation service agreements, one for each Segment of the Rockies Project.
Accordingly, Transporter and Shipper agree that, upon in-service of the Segment
of the Rockies Project that originates at the Cheyenne Hub and continues to
PEPL-Audrain (“Certificate 1 Segment”) the Entrega Projects FTSA will
be entirely superseded by a firm transportation service agreement on the Entrega
Projects and Certificate 1 Segment of the Rockies Projects (the
“Certificate 1 Segment FTSA”). If the Certificate 1 Segment FTSA
supersedes the FTSA as described herein, the receipt points for the remaining
two firm transportation service agreements called for in the Rockies Precedent
Agreement shall be extended west to Meeker and/or Opal; Shipper and Rockies
Express will proceed under the Rockies Precedent Agreement and this Precedent
Agreement shall expire. Shipper understands that approval by FERC of the Entrega
Projects or any Segment of the Rockies Project does not constitute approval of
any other Project. Therefore, an award of capacity hereunder may result in
service for the agreed term only as described in the Entrega Projects FTSA,
subject to Shipper’s Termination Rights described in Section 9(a)iii, iv
and v below.

8.       Shipper’s Obligations

	
  
 
  	
  
(a)
  	
  

Shipper agrees that it will execute an Entrega Projects FTSA consistent with the
form of Service Agreement as contained in Appendix B hereto, as finally approved
by FERC, which, if Shipper shall have elected the Negotiated Reservation Rate
Option, shall reflect the fixed nature of the reservation charge as described in
Section 4, within five (5) business days after tender by Transporter. The FTSA
will reflect the receipt points, delivery points, term, rate and MDQ described
herein.
 

6

	
  
 
  	
  
(b)
  	
  

Upon request by Transporter, Shipper agrees to support any notification, initial
tariff filing, application or certificate filing made to the FERC or any other
governmental body to obtain any necessary authorizations to construct, operate
or acquire facilities or to provide services as set out herein, including the
regulatory integration of the Entrega Projects and the Rockies Project. At least
30 days prior to the filing of the application for the regulatory integration of
the Entrega Projects and the Rockies Project, Shipper will be provided a pro
forma of tariff changes related to the Entrega Project and the integration of
the Entrega and Rockies Express tariffs (Tariff) and afforded the opportunity to
provide comments to Transporter on the development of the Tariff and Transporter
will work with the Shipper in good faith to resolve any concerns prior to the
filing of such tariff. In the event Shipper and Transporter are unable to
resolve all of the Shipper’s concerns prior to the filing of the Tariff,
Shipper will within five (5) days of a written request by Transporter, provide
Transporter a written summary of Shipper’s unresolved concerns regarding
the pro forma Tariff. Shipper agrees to limit any protests of the initial Tariff
filing to (i) those unresolved items addressed in Shipper’s written summary
to Transporter, and (ii) any items related to deviations between the pro forma
Tariff provided by Transporter to Shipper and the as filed version of the
Tariff, which in each case are inconsistent or otherwise conflict with the terms
of this Precedent Agreement or the FTSA. Shipper also agrees that in any
response to such initial Tariff filing it will not raise issues related to the
determination of Rockies Express’s maximum recourse rates for the
integrated Rockies Project and the Entrega Projects. Nothing herein shall be
construed to limit or waive Shipper’s rights to intervene or protest any
subsequent tariff filing made by Transporter or its successor subsequent to the
filing for FERC Authorization for Certificate 3; and
 
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
(c)
  	
  

Shipper shall provide sufficient evidence of credit worthiness, as reasonably
determined by Transporter in accordance with the standards set forth in Appendix
C, along with the return of this signed Precedent Agreement. Shipper shall have
and maintain such credit or provide assurances (“credit support”), as
are required by Transporter in its reasonable discretion, to satisfy
Shipper’s financial obligations under the FTSA which may result from this
Precedent Agreement. Such credit support may consist of; (i) prepayment of value
or letter of credit in the amount of up to 36 months of Shipper’s
reservation charges, resulting from the MDQ and rates stated herein; (ii) a
parental guarantee in form and substance acceptable to Transporter from an
entity which meets the credit standards of Appendix C or the Tariff and is
otherwise acceptable to Transporter, or (iii) such other credit assurances as
Transporter may require. Such assurances shall be provided by Shipper as
requested by Transporter in accordance with the timetable set forth
below.
 

7

Credit Support Timetable and Amounts

	
  
Date
  	
   
 	
  
Aggregate   Credit Requirement
  
	
  

  	
   
 	
  

  
	
  
No later than ten (10) days after execution of the Project Precedent Agreement
until the date immediately below:
 	
  
 
  	
  
$50,000
  
	
  
 
  	
  
 
  	
  
 
  
	
  

Within fifteen (15) days after notice to Shipper from Transporter that
Transporter has either satisfied or waived the condition precedent set forth in
Section 6 (c) above:
 	
  
 
  	
  

An amount equal to total reservation charges payable in respect of the MDQ for
eighteen (18) months of Service.
 
	
  
 
  	
  
 
  	
  
 
  
	
  

Within thirty (30) days after receipt of notice to Shipper from Transporter that
Transporter has received and accepted FERC Authorization for Certificate 1
Segment:
 	
  
 
  	
  

An amount equal to total reservation charges payable in respect of the MDQ for
thirty-six (36) months of Service.
 

	
  
 
  	
  
 
  	
  

Shipper shall maintain its creditworthiness in connection herewith, either
directly or through provisions of credit support, throughout the term of this
Precedent Agreement and any resulting FTSA. This Section 8(c) and Appendix C,
Credit Requirements, attached hereto and made a part hereof shall survive the
termination of this Precedent Agreement and shall continue in effect for the
term(s) of any resulting FTSA.
 
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  

A Parental Guaranty of even date, in form and substance acceptable to
Transporter, has been entered into and is attached hereto as Appendix D in
satisfaction of the Shipper’s obligations under Section 8(c) to provide
credit support. The creditworthiness requirements of this Section 8 and in
Appendix C shall apply to any assignment (in whole or in part) of this Precedent
Agreement or the FTSA or to any permanent release of the FTSA.
 
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
(d)
  	
  

Shipper agrees to notify Transporter in writing of the receipt by Shipper of the
corporate or Board of Directors Approval described in section 9(a)i below by
8:00 PM CT of the day of receipt of any such approval.
 

8

9.       Termination Rights

	
  
 
  	
  
(a)
  	
  

Shipper shall have the right to terminate this Precedent Agreement with no
liability to Transporter by giving Transporter at least five (5) days advance
written notice (which notice must be given, if at all, within five (5) days
after the occurrence of the relied upon event, except that as to Section 9(a)i
below, any such notice must be given, if at all, by February 8, 2006) in the
event:
 
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
i.
  	
  

Shipper has not received all corporate or Board of Directors approvals required
by Shipper in connection with the execution of this Precedent Agreement by no
later than 8:00 PM CT on February 8, 2006;
 
	
   
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
ii.
  	
  

Transporter has failed to file for FERC Authorization for the Entrega Projects
by no later than September 30, 2006;
 
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
iii.
  	
  

Transporter has not received FERC Authorization for the Entrega Projects and
Certificate 1 Segment of the Rockies Project by no later than December 31,
2007;
 
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
iv.
  	
  

Transporter has not placed the Entrega Projects and Certificate 1 Segment of the
Rockies Project in-service by no later than February 28, 2009;
 
	
   
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
v.
  	
  

The Entrega Projects and the Rockies Project have not been combined through a
corporate acquisition and regulatory integration such that the Entrega Projects
and the Rockies Project do not offer future Seamless Service at the rates agreed
to herein and in an agreement between Shipper and Rockies Express from a receipt
point in the Opal, Wyoming area by no later than December 31, 2007.

	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(b)
  	
  

Transporter shall have the right to terminate this Precedent Agreement with no
liability to Shipper by giving Shipper five (5) days advance written notice
(which notice must be given, if at all, within ten (10) days after the
occurrence of the relied upon event); provided that notice under this Section 9
(b) may be given at any time while Shipper shall be in default of its
obligations under Section 8 (c), in the event:
 
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
i.
  	
  

FERC shall attach conditions to the FERC Authorization for the Entrega Projects
or impose conditions requiring subsequent compliance filings which, in
Transporter’s reasonable judgment, are unacceptable;
 
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
ii.
  	
  

Transporter has not received the necessary FERC Authorization for the Entrega
Projects by no later than July 31, 2007;
 

9

	
  
 
  	
  
 
  	
  
iii.
  	
  

Transporter notifies Shipper on or before February 28, 2006 that aggregate firm
commitments to the Entrega Projects do not support the economic viability of the
Entrega Projects as determined in the exercise of Transporter’s
commercially reasonable discretion;
 
	
   
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
iv.
  	
  

Transporter has not received all corporate and Board of Directors approval
required by Transporter in connection with the execution of this Precedent
Agreement by no later than February 28, 2006.
 
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
v.
  	
  
Shipper fails to comply   with any of its material obligations hereunder or under the FTSA.
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(c) 
  	
  

In the event Transporter terminates this Precedent Agreement for any reason
other than that stated at Section 9(b)v above, concurrent with such termination,
Transporter shall return to Shipper any credit support provided by Shipper under
Section 8 above.
 

10.     Authorities

          This Precedent
Agreement and the performance hereof are subject to all present and future
applicable valid laws, orders, decisions, rules and regulations of duly
constituted governmental authorities having jurisdiction over the provision of
natural gas transportation service in the interstate commerce of the United
States of America (“governmental authority”). Should either of the
parties, by force of any such law, order, decision, rule or regulation, at any
time during the term of this Precedent Agreement be ordered or required to do
any act inconsistent with the provisions hereof, then for the period during
which the requirements of such law, order, decision, rule or regulation are
applicable, this Precedent Agreement shall be deemed modified to conform with
the requirement of such law, order, decision, rule or regulation; provided,
however, nothing herein shall alter, modify or otherwise affect the respective
rights of the parties to terminate this Precedent Agreement under the terms and
conditions hereof.

11.     Assignment

          This Precedent
Agreement, in whole or in part, may be assigned by Transporter to a wholly- or
partially-owned affiliate, special purpose joint venture, partnership, or other
affiliated entity, including a parent company or partnership; provided that such
assignee shall have credit or credit support equivalent to the higher of that of
Transporter or its guarantor. Shipper may assign this Precedent Agreement and
any of the rights or obligations and the associated FTSA to any wholly-owned
affiliate whose obligations thereunder are guaranteed by the Parental Guaranty
(or any amendment thereto) described in Section 8 above or, in the absence of
such Guaranty, which satisfies the credit worthiness standards set forth in
Appendix C, or set forth in the Tariff and Sections 8 and 9 herein and which is
a successor to the business for which the FTSA was initially secured. Once the
Entrega Projects (or the Rockies Project if the projects are combined) is
in-service, Shipper may release its capacity pursuant to the General Terms and
Conditions of the Tariff. In the case of any other proposed assignment of the
Precedent Agreement, prior approval of Transporter is required, which approval
shall not be unreasonably withheld. Notwithstanding the foregoing, any Party to
this Precedent Agreement may assign this Precedent Agreement and its rights
hereunder as security for indebtedness or other obligations, and each Party
hereby agrees to timely execute and deliver such documents and certificates as
are reasonably requested by the assigning Party or its lenders in connection
with any such collateral assignment and are reasonably acceptable to the
non-assigning Party.

10

12.     Representations and Warranties

	 
	
Each Party represents and warrants to each other as follows:
 
	  
	  
	  

	
  
 
  	
  
(a)
  	
  

Such Party is duly organized, validly existing and in good standing under the
laws of its jurisdiction of organization, and is in good standing in each other
jurisdiction where the failure to so qualify would have a material adverse
effect upon the business or financial condition of such Party.
 
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(b)
  	
  

The execution, delivery and performance of this Precedent Agreement by such
Party does not and will not require the consent of any trustee or holder of any
indebtedness, or be subject to or inconsistent with other obligations of such
Party under any other agreement.
 
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
(c)
  	
  

This Precedent Agreement has been duly executed and delivered by such Party.
This Precedent Agreement constitutes the legal, valid, binding and enforceable
obligation of such Party, except as such enforceability may be limited by
bankruptcy, insolvency, reorganization, moratorium or other similar laws of
general application relating to or affecting creditor’s rights generally
and by general equitable principles.
 
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(d)
  	
  

No governmental authorization, approval, order, license, permit, franchise
or consent, and no registration, declaration or filing with any governmental authority is required on the
part of such Party in connection with the execution and delivery of this
Precedent Agreement, although it is subject to the necessary governmental
approvals specified herein for its effectuation.
 
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(e)
  	
  

Except as otherwise disclosed by Shipper’s parent in its Form 10-K most
recently filed with the Securities and Exchange Commission, there is no pending
or, to the best of such Party’s knowledge, threatened action or proceeding
affecting such Party before any court, government authority or arbitrator that
could reasonably be expected to materially and adversely affect the financial
condition or operations of such Party or the ability of such Party to perform
its obligations hereunder, or that purports to affect the legality, validity or
enforceability of this Precedent Agreement or would otherwise hinder or prevent
performance hereunder.
 

11

13.     Choice of Law

          AS TO ALL MATTERS
OF CONSTRUCTION AND INTERPRETATION, THIS PRECEDENT AGREEMENT SHALL BE
INTERPRETED, CONSTRUED AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK,
WITHOUT REGARD TO THE CHOICE OF LAW RULES OF THAT STATE.

14.     Limitation of Liability

          NO PARTY SHALL BE
LIABLE TO ANY OTHER PARTY UNDER THIS PRECEDENT AGREEMENT OR UNDER THE FTSA TO BE
EXECUTED PURSUANT TO THIS PRECEDENT AGREEMENT FOR ANY SPECIAL, INDIRECT,
INCIDENTAL, PUNITIVE OR CONSEQUENTIAL DAMAGES OF ANY NATURE, OR FOR ANY LOST
PROFITS, HOWEVER ARISING, EVEN IF SUCH PARTY HAS BEEN MADE AWARE OF THE
POSSIBILITY OF SUCH DAMAGES OR LOST PROFITS.

15.     Dispute Resolution

          Any disputes,
controversies or claims that arise between the Parties (the “Disputing
Parties”) relating to this Precedent Agreement (a “Dispute”)
shall be resolved by means of the following procedure:

	
  
 
  	
  
(a)
  	
  

Notice of Dispute. Any Disputing Party shall give notice to the other Disputing
Parties in writing that a Dispute has arisen (“Dispute
Notice”).
 
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
(b)
  	
  

Informal Dispute Resolution. If the Disputing Parties have failed to resolve the
Dispute within fifteen (15) business days after the Dispute Notice was given,
the Disputing Parties shall seek to resolve the Dispute by negotiation between
the executive officers of each Disputing Party. Such executive officers shall
endeavor to meet and attempt to amicably resolve the Dispute. If the Disputing
Parties are unable to resolve the Dispute through negotiation within thirty (30)
business days after the Dispute Notice was given, then the Dispute shall be
finally resolved through arbitration in accordance with provisions of clause
(iii) below.
 
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(c)
  	
  

Arbitration. Any Dispute that is not settled pursuant to clause (ii) above
shall be finally settled by arbitration as follows;
 
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
i.
  	
  

Any such Dispute shall be submitted to binding arbitration by the American
Arbitration Association for arbitration in Houston, Texas in accordance with the
Commercial Arbitration Rules then in effect, except as more particularly
provided herein. The Parties agree that an officer or other representative with
authority to resolve the Dispute for each party shall attend the arbitration.
There shall be three (3) arbitrators, with each of Transporter and Shipper, or
their successor in interest if applicable, selecting one.
 

12

	
  
 
  	
  
 
  	
  
 
  	
  

The third arbitrator, who shall be the chairman of the panel, shall be selected
by the two Party-appointed arbitrators. The claimant shall name its arbitrator
in the demand for arbitration. The third arbitrator shall be named within thirty
(30) days after the appointment of the second arbitrator. The American
Arbitration Association shall be empowered to appoint any arbitrator not named
in accordance with the procedure set forth herein. Each arbitrator will be
qualified by at least ten (10) years experience in the natural gas
industry.
 
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
ii.
  	
  

Each of the Parties hereto consents to the procedure herein set forth. The
Parties agree to make discovery and disclosure of all matters relevant to the
dispute to the extent and in the manner provided by the Federal Rules of Civil
Procedure. The arbitrators shall rule on all requests for discovery and
disclosure and discovery shall be completed within sixty (60) days of the date
on which the third arbitrator is appointed (“Arbitration Commencement
Date”). The arbitrators shall issue a final ruling within ninety (90) days
of the Arbitration Commencement Date. The ruling of the arbitrators shall be in
writing, signed, and shall contain a statement of findings and conclusions of
law in addition to the award decision. The decision of the arbitrators shall be
final and binding upon the parties, in so far as the law allows, without the
right of appeal to the courts. The award rendered by the arbitrators shall be
final in so far as the law allows, and judgment thereon may be entered by any
court having jurisdiction thereof. The costs and expense of the arbitration
(including reasonable attorney’s fee) will be paid by the losing party,
unless the arbitrators determine that it would be manifestly unfair to honor
this agreement of the parties and determine a different allocation of
costs.
 
	
   
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
iii.
  	
  

The arbitrators shall not have the authority or power to alter, amend or modify
any of the terms or conditions of this Precedent Agreement. The
arbitrators’ powers shall be limited to enforcement of this Precedent
Agreement as to the issues raised by the Parties, and shall not include the
power to award consequential, indirect, special, punitive, or exemplary
damages.
 
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
iv.
  	
  

Performance of this Precedent Agreement shall continue during arbitration
proceedings or any other dispute resolution mechanism adopted by the Parties. No
payment due or payable by Transporter or Shipper shall be withheld on account of
a pending reference to arbitration or other dispute resolution mechanism;
provided that in the event Shipper disputes the amount or content of any
invoice, Shipper shall be not responsible for payment of such invoice or portion
of such invoice that is pending reference to arbitration or other dispute
resolution mechanism until such dispute is resolved. Any disputed amount which
is ultimately determined to have been payable shall not accrue interest for
failure to pay, provided that it is a bona fide dispute.
 

13

	
  
 
  	
  
 
  	
  
v.
  	
  

The Parties hereto hereby irrevocably waive, to the fullest extent permitted by
applicable law, any legal proceeding arising out of or relating to this
Precedent Agreement or the transactions contemplated hereby, except those
seeking to enforce the award or the decision of the arbitrators issued pursuant
to this Section 16. Further, the Parties hereto hereby irrevocably waive, to the
fullest extent permitted by applicable law, any and all rights to trial by jury
in any legal proceeding permitted under this Section 16.
 
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
vi.
  	
  

Transporter and Shipper agree that the Dispute Resolution procedure described in
this Section 15 shall not apply to any controversy respecting Transporter’s
FERC Tariff, rates or terms and conditions of service or to any other
controversy wherein the FERC has exclusive jurisdiction.
 

16.     Further Assurance

          Transporter and
Shipper shall enter into such additional agreements as may be necessary in
furtherance of this Precedent Agreement.

17.     Counterparts

          This Agreement may
be executed in one or more counterparts, each of which, when executed and
delivered including by facsimile, shall be an original, but all of which
together shall constitute but one and the same instrument.

18.     Notice

          All notices,
requests demands and other communications hereunder shall be in writing and
shall be deemed to have been duly given when (i) delivered by hand (with written
acknowledgement of receipt), (ii) sent by facsimile transmission (with receipt
confirmed by an electronically generated written confirmation), or (iii)
received by the addressee, if sent by an internationally recognized delivery
serviced or other traceable method, in each case to the appropriate addresses
and facsimile numbers set forth below (or to such other addresses and facsimile
numbers as a party may designate by notice to the others):

	
  
 
  	
  
If to Transporter:
  	
  

President, West Region Gas Pipelines
 Kinder Morgan Energy Partners, L.P.

P.O. Box 281304
 Lakewood, Colorado 80228-8304
 Fax: (303)
763-3515
 

14

	
  
 
  	
  
With Copy to:
  	
  

Rockies Express Pipeline LLC
 Attn: General Counsel of Gas Pipelines
 500
Dallas St., Suite 1000
 Houston, Texas 77002
 Fax: (713)
369-9235
 
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
If to Shipper:
  	
  

Ultra Resources, Inc.
 Attn: Chief Financial Officer 
 363 North Sam
Houston Parkway East 
 Suite 1200 
 Houston, Texas 77060 
 Fax: (281)
876-2831
 
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
With Copy to:
  	
  

Ultra Resources, Inc.
 Attn: Stuart Nance
 363 North Sam Houston Parkway
East
 Suite 1200
 Houston, Texas 77060 
 Fax: (281) 876-2831

	
  
Accepted and Agreed to as   of the date hereof:
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
Entrega Gas Pipeline LLC   (TRANSPORTER)
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
Signature:
  	
  
/s/ Rockford Meyor
  	
  
 
  
	
  
 
  	
  

  	
  
 
  
	
  
Printed Name:
  	
  
ROCKFORD MEYOR
  	
  
 
  
	
   
  	
  
 
  	
  
 
  
	
  
Title:
  	
  
AGENT
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
Date:
  	
  
1/13/06
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
Ultra Resources, Inc.   (SHIPPER)
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  Signature:
  	
  
/s/ Michael D. Watford SEN
  	
  
 
  
	
  
 
  	
  

  	
  
 
  
	
  
Printed Name:
  	
  
MICHAEL D. WATFORD
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
Title:
  	
  
CEO
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
Date:
  	
  
DECEMBER 19, 2005
  	
  
 
  

15 

	
  
Rockies Express Pipeline,   LLC 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
Signature:
  	
  
/s/ Rockford Meyor
  	
  
 
  
	
  
 
  	
  

  	
  
 
  
	
  
Printed Name:
  	
  
ROCKFORD MEYOR
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
Title:
  	
  
PRESIDENT
  	
  
 
  
	
   
  	
  
 
  	
  
 
  
	
  
Date:
  	
  
1/13/06
  	
  
 
  

The above company representative is a duly authorized agent of the company and has the authority to bind the company.

16

APPENDIX A
 To The 
 PRECEDENT AGREEMENT
 Between

Entrega Gas Pipeline, LLC
 And
 ULTRA RESOURCES, INC.
 (“Shipper”)

There are two rate options to choose from applicable to service on Entrega. They are: 

	
  
 
  	
  
Option 1   - The Maximum Recourse Reservation Rate
  
	
  
 
  	
  
 
  
	
   
  	
  
Option 2   - A Negotiated Reservation Rate
  

Option 2 is a fixed negotiated reservation rate which means that it will not be
changed during the term of the FTSA to which it applies during the entire term
of such FTSA, as the same may be extended, regardless of any otherwise
applicable maximum rate. This “fixed” feature applies only to the
negotiated reservation rate. As stated in Section 4 of the body of this
Precedent Agreement, the Commodity Rate, Lost and Unaccounted for Gas
(“L&U”), ACA and any other additional authorized charges or
surcharges will be applied pursuant to the Tariff, and may be changed from time
to time.

Rate Election Page

Please check one box to correspond with the desired rate choice. Receipt and
delivery points should be elected from the list included on this Appendix A.
Requested Maximum Daily Quantity (“MDQ”), cannot be less than 1,000
Dth/d, net of FL&U. from each Receipt Point to each Delivery
Point.

A minimum term of 10 years is needed for the Maximum Recourse Rate Option to be
deemed a conforming bid. Capacity bid under the Maximum Recourse Rate Option may
not be available depending upon the willingness of the original shipper holding
the Entrega capacity to release it.

	
   
  	
  
    Option 1
  
	
  
     
  	
  

  
	
  
     
  	
  
    
     Estimated Maximum Recourse Reservation Rates
 	
   
 	
  
    Check

    Option

    (1 only)
  	
   
 	
  
    Primary

    Receipt

    Point #
  	
   
 	
  
    Primary

    Delivery

    Point #
  	
   
 	
  
    MDQ

    (Dth/d)
  	
   
 	
  
    Term in

    Years
  
	
  
     
  	
  

  	
  
     
  	
  

  	
  
     
  	
  

  	
  
     
  	
  

  	
  
     
  	
  

  	
  
     
  	
  

  
	
  Cumulative
  	
  
    $             0.385
  	
  
     
  	
  
     
  	
  
     
  	
  
     
  	
  
     
  	
  
     
  	
  
     
  	
  
     
  	
  
     
  	
  
     
  

The Negotiated Rate shall remain fixed during the entire term of the Firm
Transportation Service Agreement, A minimum term of 10 years is needed for the
Negotiated Rate Option to be deemed to be a conforming bid. Negotiated rate(s)
are only available in the event that the Entrega Projects) costs are rolled into
the Rockies Express project and Shipper shall submit a conforming precedent
agreement in the Rockies Express Open Season. Capacity bid in this open season
and the Rockies Express Open Season will have to be the same volume for the bid
to be deemed conforming.

	
   
  	
  
    Option 2
  
	
  
     
  	
  

  
	
  
     
  	
  
    Fixed   Negotiated Rate Option
  	
   
 	
  
    Check

    Option

    (1 only)
  	
   
 	
  
    Primary

    Receipt

    Point #
  	
   
 	
  
    Primary

    Delivery

    Point #
  	
   
 	
  
    MDQ

    (Dth/d)
  	
   
 	
  
    Term in

    Years
  
	
  
     
  	
  

  	
  
     
  	
  

  	
  
     
  	
  

  	
  
     
  	
  

  	
  
     
  	
  

  	
  
     
  	
  

  
	
  Anchor
  	
  
    $             0.250
  	
  
     
  	
  
    x
  	
  
     
  	
  
    1
  	
   
 	
  
    ROCKIES   EXP
  	
   
 	
  
    50,000
  	
   
 	
  
    10
  
	
  
    Non-Anchor
  	
  
    $             0.270
  	
  
     
  	
  
     
  	
  
     
  	
  
    6
  	
   
 	
  
    ROCKIES   EXP
  	
   
 	
  
    50,000
  	
   
 	
  
    10
  
	
   
  	
  
     
  	
  
     
  	
  
     
  	
  
     
  	
  
    1
  	
   
 	
  
    ROCKIES   EXP
  	
   
 	
  
    50,000
  	
   
 	
  
    10
  
	
  
     
  	
  
     
  	
  
     
  	
  
     
  	
  
     
  	
  
    1
  	
   
 	
  
    ROCKIES   EXP
  	
   
 	
  
    50,000
  	
   
 	
  
    10
  

	
  
 
  	
  
Shipper agrees to be   pro-rated based on Open Season results?  

  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
Check one 
  	
  
Yes  
o
No  
x
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
If yes, Shipper’s minimum   acceptable quantity
  	
  
 ____________
  
	
  
 
  	
  
 
  	
  
 
  
	
  
Estimated FL&U (based on a 90% load factor)
               0.91%

	
  
 
  	
  
 
  

2

RECEIPT AND DELIVERY POINTS

	
  
Point #
  	
  
 
  	
  
Receipt   Points:
  	
  
 
  
	
  

  	
  
 
  	
  

  	
  
 
  
	
  
1
  	
  
 
  	
  
Opal - Williams Field   Services Processing Plant, Lincoln County, Wyoming
  	
  
 
  
	
  2
  	
  
 
  	
  
Meeker Hub, Rio Blanco   County, Colorado
  	
  
 
  
	
  
3
  	
  
 
  	
  
Wamsutter, Sweetwater   County, Wyoming
  	
  
*
  
	
  
4
  	
  
 
  	
  
Lost Creek, Sweetwater   County, Wyoming
  	
  
*
  
	
  
5
  	
  
 
  	
  
Echo Springs, Sweetwater   County, Wyoming
  	
  
 
  
	
  
6
  	
  
 
  	
  
Opal - TEPPCO Pioneer   Processing Plant, Lincoln County, Wyoming
  	
  
 
  
	
   
 	
  
 
  	
  
 
  	
  
 
  
	
  Point #
  	
  
 
  	
  
ROCKIES   EXPRESS CERTIFICATE 1 SEGMENT -Delivery Points, PLUS:
  	
  
 
  
	
  

  	
  
 
  	
  

  	
  
 
  
	
  
7
  	
  
 
  	
  
Kinder Morgan Interstate   Gas Transmission (KMIGT) in Weld County, Colorado (Cheyenne Hub)
  	
  
 
  
	
  
8
  	
  
 
  	
  
Cheyenne Plains Gas   Pipeline (CPGP) Company in Weld County, Colorado (at the Cheyenne Hub)
  	
  
 
  
	
  
9
  	
  
 
  	
  
Public Service Company of Colorado (PSCO) in Weld County, Colorado (at the Cheyenne Hub)
  	
  
 
  
	
  10
  	
  
 
  	
  
Trailblazer Pipeline   Company (TP) in Weld County, Colorado (at the Cheyenne Hub)
  	
  
 
  

	
  

  
	
  

* Compression may be required to cause delivery into Rockies Express. An
incremental fee may be required to provide the compression service, if
needed.
 

Other Receipt or Delivery Points

          If Shipper desires a
receipt point or delivery point other than those identified in this Appendix A.
Shipper shall specify such desired points in the space provided below and the
related MDQ quantity. If the Shipper’s bid is contingent upon Transporter
accommodating Shipper with respect to such receipt point(s) or delivery
point(s), Shipper must so indicate by checking the space provided below.
Additional Receipt or Delivery Point(s) will be pursued provided that the
incremental costs of such additional points are acceptable to Transporter in its
sole discretion. Transporter will inform Shipper whether it can accommodate, in
whole or in part, such requested Receipt or Delivery Point(s). WESTERN GAS
RESOURCES - GRANGER PLANT -SWEETWATER CO., WY - “0” dth/DAY QUESTAR
GAS MANAGEMENT - BLACKS FORM PLANT - SWEETWATER CO., WY “0”
dth/DAY.

x 
Check here to indicate if this bid is contingent upon the points identified
under “Other Receipt or Delivery Points” above being accommodated by
Transporter.

	
  
Agreed to by:
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
Shipper Signature:
  	
  
/s/ Michael Watford
  	
  
 
  
	
  
 
  	
  

  	
  
 
  
	
  
Name (Please print):
  	
  
MICHAEL D. WATFORD
  	
  
 
  
	
  
Company:
  	
  
ULTRA RESOURCES, INC.
  	
  
 
  
	
  Title:
  	
  
CEO
  	
  
 
  
	
  
Telephone Number :
  	
  
281-876-0120, X-300
  	
  
 
  

3

Appendix B
 TRANSPORTATION SERVICE AGREEMENT - FIRM

RATE SCHEDULE FT

between

ENTREGA GAS PIPELINE LLC 

and

_______________________________________

DATED:___________________

4

FORM OF TRANSPORTATION SERVICE AGREEMENT
 APPLICABLE TO RATE SCHEDULE FT
 DATED:_______________

The Parties identified below, in consideration of their mutual promises, agree as follows:

	
  
1.
  	
  
Transporter:   ENTREGA GAS PIPELINE LLC
  
	
   
  	
  
 
  
	
  
2.
  	
  
Shipper:   __________________________________
  
	
  
 
  	
  
 
  
	
  
3.
  	
  

Applicable Tariff: Transporter’s FERC Gas Tariff Original Volume No. 1, as
the same may be amended or superseded from time to time (“the
Tariff”).
 
	
  
 
  	
  
 
  
	
  
4.
  	
  

Incorporation by Reference: This Agreement in all respects shall be subject to
the provisions of Rate Schedule FT and to the applicable provisions of the
General Terms and Conditions of the Tariff as filed with, and made effective by,
the FERC as same may change from time to time.
 
	
  
 
  	
  
 
  
	
  
5.
  	
  

Transportation Service: Transportation Service at and between Primary Receipt
Point(s) and Primary Delivery Point(s) shall be on a firm basis. Receipt and
Delivery of quantities at Secondary Receipt Point(s) and/or Secondary Delivery
Point(s) shall be in accordance with the Tariff.
 
	
   
  	
  
 
  
	
  
 
  	
  

Receipt and Delivery Points: Shipper agrees to tender gas for transportation
service and Transporter agrees to accept receipt quantities at the Primary
Receipt Point(s) identified in Exhibit A. Transporter agrees to provide
transportation service and deliver gas to Shipper (or for Shipper’s
account) at the Primary Delivery Point(s) identified in Exhibit A. Minimum and
maximum receipt and delivery pressures, as applicable, are listed on Exhibit
A.
 
	
  
 
  	
  
 
  
	
  
6.
  	
  

Rates and Surcharges: As set forth in Exhibit B. Shipper shall pay the
applicable maximum tariff rate unless otherwise provided. Transporter and
Shipper may mutually agree to a discounted rate pursuant to the rate provisions
of Rate Schedule FT.
 
	
  
 
  	
  
 
  
	
  
7.
  	
  
Negotiated   Rate Agreement: Yes   _________          No   ____________
  
	
  
 
  	
  
 
  
	
  
8.
  	
  
Term   of Agreement: Beginning: _______________________
  
	
   
  	
  
     Extending   through: _____________________
  
	
  
 
  	
  
 
  
	
  
 
  	
  

This Agreement shall continue in full force and effect year to year thereafter
unless terminated by written notice from one Party to the other upon 365 days
written notice. (Use only when applicable.)
 

5

FORM OF TRANSPORTATION SERVICE AGREEMENT
 APPLICABLE TO RATE SCHEDULE FT

DATED:
_______________
(Continued)                           

	
  
9.
  	
  
Supersedes   and cancels prior Agreement: _______________________________ . 
  
	
  
 
  	
  
 
  
	
  
10.
  	
  
Maximum   Daily Quantity (“MDQ”)
  
	
   
  	
  
 
  
	
  
 
  	
  
MDQ
  	
   
 	
  
Effective Date
  
	
  
 
  	
  
          (Dth/d)
  	
   
 	
   
 
	
  
 
  	
  
 
  	
   
 	
   
 
	
  
 
  	
  

  	
   
 	
  

  
	
  
 
  	
   
 	
   
 	
   
 
	
  
 
  	
  

  	
   
 	
  

  
	
   
  	
   
 	
   
 	
   
 
	
  
 
  	
  

  	
   
 	
  

  
	
  
 
  	
   
 	
   
 	
   
 
	
  
 
  	
  
Total:   ____________________________
  	
   
 	
   
 
	
  
 
  	
  
 
  	
   
 	
   
 
	
  
11.
  	
  
Notices,   Statements, and Bills:
  	
   
 
	
  
 
  	
  
 
  	
   
 	
   
 
	
   
  	
  
     To   Shipper:
  	
   
 	
   
 
	
  
 
  	
  

                    Invoices
for Transportation: 

  	
   
 
	
  
 
  	
  
 
  	
   
 	
   
 
	
  
 
  	
  
 
  	
  

  	
   
 
	
  
 
  	
  
 
  	
   
 	
   
 
	
  
 
  	
  
 
  	
  

  	
   
 
	
   
  	
  
 
  	
   
 	
   
 
	
  
 
  	
  
 
  	
  

  	
   
 
	
  
 
  	
  
 
  	
   
 	
   
 
	
  
 
  	
  

                    Attn:

	
  

  	
   
 
	
  
 
  	
  
 
  	
   
 	
   
 
	
  
 
  	
  
     All   Notices:    ____________________________________________________
  	
   
 
	
   
  	
  
 
  	
   
 	
   
 
	
  
 
  	
  
 
  	
  

  	
   
 
	
  
 
  	
  
 
  	
   
 	
   
 
	
  
 
  	
  
 
  	
  

  	
   
 
	
  
 
  	
  
 
  	
   
 	
   
 
	
  
 
  	
  

                    Attn:

	
  

  	
   
 
	
   
  	
  
 
  	
   
 	
   
 
	
  
 
  	
  
     To   Transporter:
  	
   
 	
   
 
	
  
 
  	
  
 
  	
   
 	
   
 
	
  
 
  	
  
See   Payments, Notices and Contacts sheet in the Tariff.
  	
   
 
	
  
 
  	
  
 
  	
   
 	
   
 
	
  
 
  	
   
 
	
  
12.
  	
  

Changes in Rates and Terms. Transporter shall have the right to propose to the
FERC changes in its rates and terms of service, and this Agreement shall be
deemed to include any changes which are made effective pursuant to FERC Order or
regulation or provisions of law, without prejudice to Shipper’s right to
protest the same.
 
	
   
  	
  
 
  
	
  
13.
  	
  

Governing Law: Transporter and Shipper expressly agree that the taws of the
State of Colorado shall govern the validity, construction, interpretation and
effect of this Agreement and of the applicable Tariff provisions. This Agreement
is subject to all applicable rules, regulations, or orders issued by any court
or regulatory agency with proper jurisdiction.
 

6

	
  
14.
  	
  

Construction of Facilities: The parties recognize that Transporter must
construct additional facilities in order to provide transportation service for
Shipper under this Agreement. Transporter’s obligations under this
Agreement are subject to: (i) the receipt and acceptance by Transporter of a
FERC certificate for the additional facilities, as well as the receipt by
Transporter of all other necessary regulatory approvals, permits and other
authorizations for the additional facilities in form and substance satisfactory
to Transporter in its sole discretion; (ii) the approval of the appropriate
management, management committee, and/or board of directors of Transporter
and/or its parent companies to approve the level of expenditures for the
additional facilities; and (iii) ______________________________.

	
  
 
  	
  
 
  
	
   
  	
  

(Use if service involves the construction of facilities.)
 
	
  
 
  	
  
 
  
	
  
15.
  	
  

Additional Provisions applicable to negotiated rate. See Exhibit C.

	
  
 
  	
  
 
  
	
  
 
  	
  
(Use   if service involves negotiated rate).
  

IN WITNESS WHEREOF, the Parties have executed this Agreement,

	
  
TRANSPORTER:
  	
  
 
  	
  
SHIPPER:
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  ENTREGA   GAS PIPELINE LLC
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  

  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
By
  	
  
 
  	
  
 
  	
  
By
  	
  
 
  
	
  
 
  	
  

  	
  
 
  	
  
 
  	
  

  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  

  	
  
 
  	
  

  
	
  
(Print   or type name)
  	
  
 
  	
  
(Print or type name)
  
	
  
 
  	
  
 
  	
   
 
	
  
 
  	
  
 
  	
   
 
	
  
 
  	
  
 
  	
   
 
	
  

  	
   
  	
  

  
	
  
(Print   or type title)
  	
  
 
  	
  
(Print or type title)
  

7

EXHIBIT A

to

FORM OF TRANSPORTATION SERVICE AGREEMENT
 RATE SCHEDULE FT

between

ENTREGA GAS PIPELINE LLC (Transporter)
 and
 ____________________________(Shipper)

DATED: ________________________

Shipper’s Maximum Delivery Quantity (“MDQ”): See Paragraph 10

	
  
Primary   Receipt
   Point(s)
   (Note 1)
  	
  
Effective
   Dates
  	
  
Primary   Receipt
   Point Quantity
   (Dth per Day)
   (Note 2)
  	
  
Minimum
   Pressure
   p.s.i.g.
  	
  
Maximum
   Pressure
   p.s.i.g.
  
	
  

  	

  

	
  
Primary   Delivery
   Point(s)
   (Note 1)
  	
  
Effective
   Dates
  	
  
Primary   Receipt
   Point Quantity
   (Dth per Day)

   (Note 3)
  	
  
Minimum
   Pressure
   p.s.i.g.
  	
  
Maximum
   Pressure
   p.s.i.g.
  
	
  

  	

    

8

EXHIBIT A

Notes:

	
  (1)
  	
  

Information regarding Receipt and Delivery Point(s), including legal
descriptions, measuring parties, and interconnecting parties, shall be posted on
Transporter’s Electronic Bulletin Board. Transporter shall update such
information from time to time to include additions, deletions, or any other
revisions deemed appropriate by Transporter.
 
	
  
 
  	
  
 
  
	
  
(2)
  	
  

Each Receipt point Quantity may be increased by an amount equal to
Transporter’s Fuel Reimbursement percentage. Shipper shall be responsible
for providing such Fuel Reimbursement at each receipt point on a pro rata basis
based on the quantities received on any Day at a receipt point divided by the
total quantity delivered at all delivery points under this Transportation
Service Agreement.
 
	
  
 
  	
  
 
  
	
  
(3)
  	
  

The sum of the delivery quantities at all delivery point(s) shall be equal to
Shipper’s MDQ.
 
	
  
 
  	
  
 
  
	
  
(4)
  	
  

Maximum pressure at each Delivery Point shall be as set forth in the agreement
with the downstream pipeline.
 

9

EXHIBIT B

to

TRANSPORTATION SERVICE AGREEMENT
 RATE SCHEDULE FT

between

ENTREGA GAS PIPELINE LLC (Transporter)
 and
 ______________________________(Shipper)
 DATED: _______________________

	
  
Primary
   Receipt
   Point(s)
  	
  
Primary
   Delivery
   Point(s)
  	
  
Effec.
Date 
  	
  
Reservation
   Rate 
  	
  
Commodity 
   Rate 
  	
  
Term of
   Rate 
  	
  
Fuel
   (Note 1)
  	
  
Surcharges
   (Note 2)
  
	
  

  	

  	

   

	
  
Secondary
   Receipt
   Point(s) 
  	
  
Secondary
   Delivery
   Point(s) 
  	
  
Effec.
Date 
  	
  
Reservation
   Rate
  	
  
Commodity 
   Rate 
  	
  
Term of 
   Rate 
  	
  
Fuel 
   (Note 1) 
  	
  
Surcharges   
   (Note 2) 
  
	

   	

   	

   

10

EXHIBIT B

NOTES:

	
  
(1)
  	
  

The Commodity Rate shall be as stated on Transporter’s Statement of Rates
Sheet in the Tariff, as they may be changed from time to time, unless otherwise
agreed between the Parties.
 
	
  
 
  	
  
 
  
	
  
(2)
  	
  

Fuel Reimbursement shall be as stated on Transporter’s Statement of Rates
sheet in the Tariff, as they may be changed from time to time, unless otherwise
agreed between the Parties.
 
	
  
 
  	
  
 
  
	
  
(3)
  	
  

Surcharges, if applicable: All applicable surcharges, unless otherwise
specified, shall be the maximum surcharge rate as stated on the Statement of
Rates sheet, as they may be changed from time to time, unless otherwise agreed
to by the Parties.
 

11

FORM OF TRANSPORTATION SERVICE AGREEMENT
 APPLICABLE TO RATE SCHEDULE FT
 (CONTINUED)

EXHIBIT C

to

TRANSPORTATION SERVICE AGREEMENT
 RATE SCHEDULE FT

between

ENTREGA GAS PIPELINE LLC (Transporter) 
 and
 _________________________(Shipper)
 DATED: _____________________

Negotiated Rate Provisions:

12

APPENDIX C
 CREDIT REQUIREMENTS

Shipper will be deemed creditworthy if (i) its long-term unsecured debt
securities are rated at least BBB- by Standard and Poor’s Corporation
(“S&P”) and at least Baa3 by Moody’s Investor Service
(“Moody’s”), in each case with stable outlook; and (ii) the sum
of reservation fees, commodity fees and any other associated fees and charges
for thirty-six months is less than 15% of Shipper’s tangible net worth. For
the purposes of this Appendix C, the term “tangible net worth” shall
mean for a corporation the sum of the capital stock, paid-in capital in excess
of par or stated value, and other free and clear equity reserve accounts less
goodwill, patents, unamortized loan costs or restructuring costs, and other
intangible assets. Only actual tangible assets are included in
Transporter’s assessment of creditworthiness. In comparing the overall
value of a Shipper’s contract to tangible net worth for credit evaluation
purposes, Transporter will compare the net present value of demand or
reservation charge obligations under such contracts to Shipper’s current
tangible net worth. If a Shipper has multiple service agreements with
Transporter, then the total potential fees and charges of all such service
agreements shall be considered in determining creditworthiness.

If Shipper does not meet the criteria described above, then Shipper may request
that Transporter evaluate its creditworthiness based upon the level of service
requested relative to the Shipper’s current and future ability to meet its
obligations. Such credit appraisal shall be based upon Transporter’s
evaluation of the following information and credit criteria:

	
  
 
  	
  
i.
  	
  

S&P and Moody’s opinions, watch alerts, and rating actions and reports,
rating, opinions and other actions by Dun and Bradstreet and other credit
reporting agencies will be considered in determining
creditworthiness.
 
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
ii.
  	
  

Consistent financial statement analysis will be applied by Transporter to
determine the acceptability of Shipper’s current and future financial
strength. Shipper’s balance sheets, income statements cash flow statements
and auditor’s notes will be analyzed along with key ratios and trends
regarding liquidity, asset management, debt management, debt coverage, capital
structure, operational efficiency and profitability.
 
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
iii.
  	
  

Shipper must not be operating under any chapter of the bankruptcy laws and must
not be subject to liquidation or debt reduction procedures under state laws and
there must not be pending any petition for involuntary bankruptcy. An exception
may be made for a Shipper who is a debtor-in-possession operating under Chapter
XI of the Federal Bankruptcy Act if Transporter is assured that the service
billing will be paid promptly as a cost of administration under the federal
court’s jurisdiction, based on a court order in effect, and if the Shipper
is continuing and continues in the future to make payment.
 

13

APPENDIX C
 CREDIT REQUIREMENTS
 (Continued)

	
  
 
  	
  
iv.
  	
  

Whether Shipper is subject to any lawsuits or judgments outstanding which could
materially impact its ability to remain solvent.
 
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
v.
  	
  

The nature of the Shipper’s business and the effect on that business of
general economic conditions and economic conditions specific to it, including
Shipper’s ability to recover the costs of Transporter’s services
through filings with regulatory agencies or otherwise to pass on such costs to
its customers.
 
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
vi.
  	
  

Any other information, including any information provided by Shipper, that is
relevant to Shipper’s current and future financial strength and
Shipper’s ability to make full payment over the term of the
contract.
 

14

APPENDIX D

PARENTAL GUARANTY

          THIS PARENTAL
GUARANTY (this “Guaranty”), is made and entered into as of December
19, 2005, by Ultra Petroleum Corp., a Yukon Territories (Canada) corporation
(“Guarantor”), in favor of Rockies Express Pipeline LLC, a Delaware
limited liability company (“Rockies”). (Except as otherwise defined
herein, capitalized terms used herein and defined in the PA (as defined below)
shall be used herein as therein defined.)

WITNESSETH:

          WHEREAS, Ultra
Resources, Inc., a Wyoming corporation (“URI”) is a wholly-owned
subsidiary of Guarantor; and Guarantor wishes URI to enter into the Project
Precedent Agreement, dated as of December 19, 2005 and the FTSA’s described
in Section 7 therein, between URI and Rockies (as it may from time to time be
modified, supplemented, or amended, collectively, the
“PA”).

          WHEREAS, pursuant to
the PA, URI has incurred or will incur certain obligations to Rockies upon the
terms and conditions set forth in the PA (all such obligations, including the
obligations of URI to pay amounts due under the PA, being referred to
collectively as the “Guaranteed Obligations”).

          WHEREAS, Rockies is
willing to enter into the PA with URI on the condition that it receive
assurances of the payment of the Guaranteed Obligations, and Guarantor is
willing to provide such assurances in accordance with the terms and conditions
of this Guaranty.

          WHEREAS, Guarantor
acknowledges that, as the parent of URI, it will be benefited by the execution
and delivery of the PA.

          NOW, THEREFORE, in
consideration of the premises and the mutual covenants contained herein and
other good and valuable consideration, the adequacy and receipt of which are
hereby acknowledged, Guarantor hereby agrees as follows:

                        1.          Guarantor
absolutely, irrevocably and unconditionally guarantees to Rockies the full and
prompt payment by URI of all the Guaranteed Obligations under and in accordance
with the terms of the PA and the compliance by URI with all the terms and
conditions of the PA. Sections l(a), l(b), l(c) and l(d) below provide for the
establishment of the total amount of Guaranteed Obligations in effect upon
specified notification dates. In each case, the factors utilized to establish
such amounts shall be the applicable rates, as adjusted in accordance with
Section 4 of the PA, and the applicable capacity, as adjusted in accordance with
Section 7 of the PA. This Guaranty shall constitute a guaranty of payment, and
not of collection, provided that:

	
  
 
  	
  
    (a)
  	
  
    
This Guaranty will become effective and enforceable upon its delivery by Rockies
to URI and shall continue in effect for ten (10) years from the date hereof. The
amount of the Guaranty will be no greater than an amount equal to the total
Certificate 1 Segment reservation charges payable in respect of the MDQ for
eighteen (18) months of Service and the total amount of this Guaranty will be
set forth in the notice from Rockies as provided herein;
 

15

	  
	 (b)
	 
Within thirty (30) days after receipt of notice by URI from Rockies that Rockies
has received and accepted FERC Authorization for the Certificate 1 Segment, the
amount of the Guaranty shall be adjusted to an amount no greater than an amount
equal to the total Certificate 1 Segment reservation charges payable in respect
of the MDQ for thirty-six (36) months of Service and the total amount of this
Guaranty will be set forth in the notice from Rockies as provided
herein;

	  
	  
	  

	  
	  (c)
	 
Within thirty (30) days after receipt of notice by URI from Rockies that Rockies
has received and accepted FERC Authorization for the Certificate 2 Segment, the
amount of the Guaranty shall be adjusted to an amount no greater than an amount
equal to the total Certificate 2 Segment reservation charges payable in respect
of the MDQ for thirty-six (36) months of service for such Segment and the total
amount of this Guaranty will be set forth in the notice from Rockies as provided
herein; and

	  
	  
	  

	  
	 (d)
	 
Within thirty (30) days after receipt of notice by URI from Rockies that Rockies
has received and accepted FERC Authorization for the Certificate 3 Segment, the
amount of the Guaranty shall be adjusted to an amount no greater than an amount
equal to the total Certificate 3 Segment reservation charges payable in respect
of the MDQ for thirty-six (36) months of service for such Segment and the total
amount of this Guaranty will be set forth in the notice from Rockies as provided
herein.

                        2.          The
liability of Guarantor hereunder is exclusive and independent of any security
for or other guaranty of the payment by URI of the Guaranteed Obligations,
whether executed by Guarantor, any other guarantor or any other party, and the
liability of Guarantor hereunder shall not be affected or impaired by any
circumstance or occurrence whatsoever related to any such other
guaranty.

                        3.          The
obligations of Guarantor hereunder are independent of the obligations of any
other guarantor and a separate action or actions may be brought and prosecuted
against Guarantor whether or not action is brought against any other guarantor
and whether or not any other guarantor be joined in any such action or actions.
Any payment by URI or other circumstance which operates to toll any statute of
limitations as to URI shall operate to toll the statute of limitations as to
Guarantor.

                        4.          Provided
that a Guaranteed Obligation has been invoiced and is not paid when due,
Guarantor hereby waives notice of any liability to which it may apply, and
waives promptness, diligence, presentment, demand of payment,
protest, notice of dishonor or nonpayment of any such liabilities,
suit or taking of other action by Rockies against, and any other notice to, any
party liable thereon (including Guarantor or any other guarantor).

16

Rockies may at any time and from time to time without the consent of, or notice
to, Guarantor, without incurring responsibility to Guarantor, and without
impairing or releasing the obligations of Guarantor hereunder, upon or without
any terms or conditions and in whole or in part:

          
(a)         make any change,
amendment, or modification in the terms of the PA or FTSA agreed to by Rockies
and URI affecting any of the Guaranteed Obligations, and the guaranty herein
made shall apply to the Guaranteed Obligations as so changed, amended or
modified; and/or

          (b)          act
or fail to act in any manner referred to in this Guaranty which may deprive such
Guarantor of its right to subrogation against URI to recover full indemnity for
any payments made pursuant to this Guaranty

                        5.          This
Guaranty shall be a primary, absolute, irrevocable and unconditional obligation
of Guarantor payable in US dollars and subject to such defenses as URI may have
possessed other than as set forth in the following sentence relating to
bankruptcy and insolvency. Notwithstanding any other defenses claimed by
Guarantor, Guarantor agrees to indemnify and hold harmless Rockies for, and this
Guaranty shall cover all losses asserted against or actually incurred by Rockies
as a result of, URI’s bankruptcy, insolvency, liquidation or winding up,
whether voluntary or involuntary, including, but not limited to, any avoidance
action under Chapter 5 of the Bankruptcy Code, any fraudulent conveyance or
related action under applicable state laws, any attempt to reject this Guaranty
or the agreements that give rise to the Guaranteed Obligations or any part
thereof, as executory contracts under Section 365 of the Bankruptcy Code,
whether successful or not.

                        6.          This
Guaranty is a continuing one and all liabilities to which it applies or may
apply under the terms hereof shall be conclusively presumed to have been created
in reliance hereon. No failure or delay on the part of Rockies in
exercising any right, power or privilege hereunder in any instance or
circumstance shall operate as a waiver thereof in any subsequent instance or
circumstance, whether of like or different kind; nor shall any single or partial
exercise of any right, power or privilege hereunder preclude any other or
further exercise thereof or the exercise of any other right, power or
privilege. The rights and remedies herein expressly specified are
cumulative and not exclusive of any rights or remedies which Rockies would
otherwise have. No notice to or demand on Guarantor in any case shall entitle
Guarantor to any other or further notice or demand in similar or other
circumstances or constitute a waiver of the rights of Rockies to any other or
further action in any circumstances without notice or demand. It is not
necessary for Rockies to inquire into the capacity or powers of URI or the
officers, directors, partners or agents acting or purporting to act on its
behalf.

                        7.          Guarantor
hereby agrees with Rockies that it will not exercise any right of subrogation
which it may at any time otherwise have as a result of this Guaranty (whether
contractual, under Section 509 of the Bankruptcy Code or otherwise) until all
Guaranteed Obligations have been indefeasibly paid in full (it being understood
that Guarantor is not waiving any right of subrogation that it may otherwise
have but is only waiving the exercise thereof as provided above).

17

                        8.
          (a)          Guarantor
waives any right (except as shall be required by applicable statute
and cannot be waived) to require Rockies to: (i) proceed against URI, any other
guarantor of the Guaranteed Obligations or any other party; (ii) proceed against
or exhaust any security held from URI, any other guarantor of the Guaranteed
Obligations or any other party; or (iii) pursue any other remedy in
Rockies’ power whatsoever.

          (b)          Guarantor
assumes all responsibility for being and keeping itself informed of URI’s
financial condition and assets, and of all other circumstances bearing upon the
risk of nonpayment of the Guaranteed Obligations and the nature, scope and
extent of the risks which Guarantor assumes and incurs hereunder, and agrees
that Rockies shall have no duty to advise Guarantor of information known to it
regarding such circumstances or risks.

                        9.          In
order to induce Rockies to enter into the PA, Guarantor represents, warrants and
covenants that:

          (a)          Status.
Guarantor (i) is a duly organized and validly existing corporation, in good
standing under the laws of the jurisdiction of its organization, (ii) has the
corporate power and authority to own or lease its property and assets and to
transact the business in which it is engaged and presently proposes to engage
and (iii) is duly qualified and is authorized to do business and is in good
standing in each jurisdiction where the conduct of its business requires such
qualification, except for failures to be so qualified which, individually or in
the aggregate, could not reasonably be expected to have a material adverse
effect.

          (b)          Power
and Authority. Guarantor has the corporate power and authority to
execute, deliver and perform the terms and provisions of this Guaranty and has
taken all necessary corporate action to authorize the execution, delivery and
performance by it of this Guaranty. Guarantor has duly executed and
delivered this Guaranty and this Guaranty constitutes the legal, valid and
binding obligation of Guarantor enforceable in accordance with its terms, except
to the extent that the enforceability hereof and thereof may be limited by
applicable bankruptcy, insolvency, fraudulent conveyance, reorganization,
moratorium or other similar laws affecting creditors’ rights generally and
by equitable principles (regardless of whether enforcement is sought in equity
or at law).

          (c)          No
Violation.  Neither the execution, delivery or performance by
Guarantor of this Guaranty, nor compliance by it with the terms and provisions
hereof and thereof (i) will contravene any applicable provision of any law,
statute, rule or regulation, or any order, writ, injunction or decree of any
court or governmental instrumentality to which Guarantor is subject, (ii) will
conflict or be inconsistent with or result in any breach of any of the terms,
covenants, conditions or provisions of, or constitute a default under, or result
in the creation or imposition of (or the obligation to create or impose) any
Lien upon any of the property or assets of Guarantor or any of its Subsidiaries
pursuant to the terms of, any indenture, mortgage, deed of trust, credit
agreement or loan agreement or any other material agreement, contract or
instrument to which Guarantor or any of its Subsidiaries is a party or by which
it or any of its property or assets is bound or to which it may be subject, or
(iii) will violate any provision of the certificate of
incorporation, certificate of partnership, partnership agreement,
limited liability company agreement or by-laws of Guarantor or any of its
Subsidiaries.

18

          (d)           Governmental
Approvals. No order, consent, approval, license, authorization or
validation of, or filing, recording or registration with (except as have been
obtained or made), or exemption by, any governmental or public body or
authority, or any subdivision thereof, is required to authorize, or is
required in connection with, (i) the execution, delivery and performance of this
Guaranty or (ii) the legality, validity, binding effect or enforceability of
this Guaranty.

          (e)
          Litigation.  
There are no actions, suits or proceedings pending or, to the best knowledge of
Guarantor, threatened (i) which purport to affect the 
legality, validity or enforceability of this Guaranty or (ii) that could
reasonably be expected to have a material adverse effect.

                          10.          Guarantor
shall take, or will refrain from taking, as the case may be, all actions that
are necessary to be taken or not taken so that no violation of any provision,
covenant or agreement contained in the PA occurs.

                          11.          Guarantor
hereby agrees to pay all out-of-pocket costs and expenses of Rockies in
connection with the enforcement of this Guaranty (including reasonable legal
fees and expenses) and the out-of-pocket costs and expenses of Rockies in
connection with any waiver or consent relating hereto.

                          12.          This
Guaranty shall be binding upon Guarantor and its successors and assigns and
shall inure to the benefit of Rockies and its successors and assigns; provided,
however, that, except as otherwise permitted under the PA, Guarantor may not
assign or transfer any of its rights or obligations hereunder without the prior
written consent of Rockies, which such consent will not be unreasonably withheld
(and any such attempted assignment or transfer without such consent shall be
null and void).

                          13.          Neither
this Guaranty nor any provision hereof may be changed, waived, discharged or
terminated except with the written consent of Guarantor and Rockies.

                          14.          Guarantor
acknowledges that an executed (or conformed) copy of the PA has been made
available to Guarantor and Guarantor is familiar with the contents
thereof.

                          15.          All
notices, requests, demands and other communications hereunder will be in writing
and will be deemed to have been duly given when (i) delivered by hand (with
written acknowledgment of receipt), (ii) sent by facsimile transmission (with
receipt confirmed by an electronically generated written confirmation), or (iii)
received by the addressee, if sent by a internationally recognized delivery
service or other traceable method, in each case to the appropriate addresses and
facsimile numbers set forth below (or to such other addresses and facsimile
numbers as a party may designate by notice to the others):

	
  
 
  	
  
If to Guarantor, to:
  	
  
 
  
	
   
  	
  
 
  	
  
Ultra Petroleum Corp.
   363 North Sam Houston Parkway East 
   Suite 1200 
   Houston, Texas 77060 
 
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
Facsimile: (281) 876-2831
   Attention: Chief Financial Officer
  

19

	
  
 
  	
  
with a copy to:
  	
  
 
  
	  
	  
	 Ultra Petroleum Corp. 

363 North Sam Houston Parkway East 

Suite 1200 

Houston, Texas 77060 

	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
Facsimile: (281) 876-2831 
   Attention: Stuart Nance
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
If to Rockies, to:
  	
  
 
  
	  
	  
	 Rockies Express Pipeline LLC 

500 Dallas St., Suite 1000 

Houston, Texas 77002

	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
Attention: General Counsel   of Gas Pipelines 
   Phone: (713) 369-8874
   Fax: (713) 369-9235
  
	  
	  
	  

	
  
 
  	
  
with a copy to:
  	
  
 
  
	  
	  
	 Rockies Express Pipeline LLC 

340 Van Gorden St. 

Lakewood, Colorado 80228

	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
Attention: Rock Meyer,   President 
   Phone: (303) 914-4736 
   Fax: (303) 984-3486
  

                          16.          (a)          This
Guaranty shall be binding upon the successors and assigns of Guarantor (although
Guarantor may not assign its rights and obligations hereunder except in
accordance with Section 12 hereof) and shall inure to the benefit of and be
enforceable by Rockies and its respective successors and assigns. THIS
GUARANTY AND THE RIGHTS AND OBLIGATIONS OF ROCKIES AND OF GUARANTOR HEREUNDER
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF
NEW YORK. Any legal action or proceeding with respect to this Guaranty may
be brought in the courts of the State of New York or of the United States of
America for the Southern District of New York, in each case which are located in
the City of New York, and, by execution and delivery of this Guaranty, Guarantor
hereby irrevocably accepts for itself and in respect of its property, generally
and unconditionally, the jurisdiction of the aforesaid courts. Guarantor hereby
further irrevocably waives any claim that any such courts lack jurisdiction over
Guarantor, and agrees not to plead or claim in any legal action or proceeding
with respect to this Guaranty brought in any of the aforesaid courts that any
such court lacks jurisdiction over Guarantor. Guarantor hereby irrevocably
waives any objection to such service of process and further irrevocably waives
and agrees not to plead or claim in any action or proceeding commenced hereunder
that service of process was in any way invalid or ineffective as long as actual
notice of such action was received by Guarantor. Nothing herein shall affect the
right of Rockies to serve process in any other manner permitted by law or to
commence legal proceedings or otherwise proceed against Guarantor in any other
jurisdiction.

20

          (b)          Guarantor
hereby irrevocably waives any objection which it may now or hereafter have to
the laying of venue of any of the aforesaid actions or proceedings arising out
of or in connection with this Guaranty brought in the courts referred to in
clause (a) above and hereby further irrevocably waives and agrees not to plead
or claim in any such court that such action or proceeding brought in any such
court has been brought in an inconvenient forum.

                          17.          Guarantor
hereby confirms that it is its intention that this Guaranty not constitute a
fraudulent transfer or conveyance for purposes of any bankruptcy, insolvency or
similar law, the Uniform Fraudulent Conveyance Act or any similar Federal, state
or foreign law. To effectuate the foregoing intention, if enforcement of the
liability of Guarantor under this Guaranty for the full amount of the Guaranteed
Obligations would be an unlawful or voidable transfer under any 
applicable fraudulent conveyance or fraudulent transfer
law or any comparable law, then the liability of Guarantor hereunder
shall be reduced to the maximum amount for which such liability may then be
enforced without giving rise to an unlawful or voidable transfer under any such
law.

                          18.          All
payments made by Guarantor hereunder will be made without setoff.

                          19.          Any
provision of this Guaranty held to be invalid, illegal or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such invalidity, illegality or unenforceability without affecting the validity,
legality and enforceability of the remaining provisions hereof; and the
invalidity of a particular provision in a particular jurisdiction shall not
invalidate such provision in any other jurisdiction.

                          20.          This
Guaranty reflects the whole and entire agreement of the parties and supersedes
all prior agreements related to the subject matter hereof.

*     *     *

21

          IN WITNESS WHEREOF,
Guarantor has caused this Guaranty to be executed and delivered as of the date
first above written.

	
  
GUARANTOR:
  	
  
ULTRA PETROLEUM CORP.
  
	
  
 
  	
  
 
  
	
  
 
  	
  
 
  
	
  
 
  	
  
By:
  	
  
 
  
	
  
 
  	
  
 
  	
  

  
	
  
 
  	
  
Name:
  	
  
 
  
	
   
  	
  
 
  	
  

  
	
  
 
  	
  
Title:
  	
  
 
  
	
  
 
  	
  
 
  	
  

  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
ROCKIES EXPRESS PIPELINE   LLC
  
	
  
 
  	
  
 
  
	
  
 
  	
  
 
  
	
  
 
  	
  
By:
  	
  
 
  
	
   
  	
   
  	
  

  
	
   
  	
  Name:
  	
   
  
	
   
  	
   
  	
  

  
	
   
  	
  Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}]]