AGREEMENT
Exhibit
10.2
AGREEMENT
This
Agreement made and entered into effective as of the 29th day of November, 2010
by and between XXXXXX-XXXXXXXX
PIPELINE COMPANY, LTD., an Ohio limited liability company (“OTP”), and
XXXXXX
NATURAL GAS COMPANY, INC., an Ohio public utility
(“Orwell”).
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1.
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OTP
and Orwell have agreed to engage in a joint venture for the installation
of certain gas transportation pipeline to service certain present and
future customers that would jointly benefit OTP and Xxxxxx. The
location of the gas pipeline is more fully depicted on the drawing
attached as Exhibit
“A” hereto.
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2.
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The
estimated cost for the installation of the pipeline is approximately
$100,000.
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3.
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OTP
and Xxxxxx agree to share the costs associated with the installation of
the pipeline based upon the following percentages,
to-wit:
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OTP
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50%
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Xxxxxx
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50%
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4.
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Attached
hereto and made a part hereof and marked as Exhibit
“B” are the detailed invoices for the costs incurred by OTP in
connection with the construction and installation of the subject
pipeline.
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5.
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Xxxxxx
will pay its proportionate share of the Exhibit
“B” invoices to OTP within 45 days of the date of this
Agreement.
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6.
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The
terms and conditions of this Agreement have been approved by Energy West,
Inc. the parent of the Xxxxxx subsidiary pursuant to the Energy West Board
approval obtained on September 29,
2010.
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| XXXXXX-XXXXXXXX PIPELINE COMPANY, LTD. | |||
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By:
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/s/ Xxxxxxx X. Xxxxxxx | |
| Xxxxxxx X. Xxxxxxx, Managing Member | |||
| XXXXXX NATURAL GAS COMPANY, INC. | |||
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By:
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/s/ Xxxxxx X. Xxxxx | |
| Xxxxxx X. Xxxxx, President | |||
