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EXHIBIT 10-BG
NATURAL GAS PURCHASE AGREEMENT
THIS NATURAL GAS PURCHASE AGREEMENT ("Agreement") is made and entered
into this 31st day of March, 1997, effective as to natural gas produced
commencing May 1, 1997, by and between COLUMBIA ENERGY SERVICES CORPORATION, a
Kentucky corporation (hereinafter called "Buyer"), and XXXX-XXXXX CORPORATION, a
Delaware corporation (hereinafter called "Seller").
W I T N E S S E T H:
WHEREAS, Seller is a producer of natural gas and has a supply of
natural gas which is available for sale to Buyer;
WHEREAS, Buyer is seeking to purchase a supply of natural gas for
resale;
NOW, THEREFORE, in consideration of the mutual covenants contained
herein, and other good and valuable consideration, the receipt and sufficiency
of which are mutually acknowledged, the parties do hereby covenant and agree as
follows:
ARTICLE I
DEFINITIONS
The following terms used herein are intended and shall be construed to
have meanings as follows:
1.0 The term "Basis" shall mean the mathematical premium or discount
added to or subtracted from the NYMEX natural gas
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futures price to determine the price of natural gas at a specific location.
1.1 The term "Btu" shall mean British Thermal Unit, and "MMBtu" shall
mean one million (1,000,000) British Thermal Units. One MMBtu is equal to one
"dekatherm" ("Dth").
1.2 The term "Business Day" shall mean the period between 8:00 A.M. and
5:00 P.M. Central Time, Monday through Friday, excluding federal holidays and
other days that are designated as company holidays at the headquarters of both
Seller and Buyer, a list of which shall be provided by each Party upon execution
and which may be amended by each Party without the other Party's consent.
1.3 The term "Contract Month" shall mean each calendar month Gas is
being sold under the terms of this Agreement.
1.4 The term "Contract Year" shall mean a period of twelve (12)
consecutive Months beginning at 8:00 A.M. Central Time on May 1 of a year in
which this Agreement is in effect, and ending at 8:00 A.M. Central Time on May 1
of the next succeeding year.
1.5 The term "Daily Baseload Quantity" shall mean the quantity of Gas
that the parties can reasonably expect to be produced and sold hereunder from a
Source each day during the Contract Month taking into account any anticipated
operational work that may be performed during the Contract Month.
1.6 The term "Daily Contract Quantity", for each Source, shall mean the
sum of the Daily Baseload Quantity and the Daily Swing Quantity produced from
such Source on a Day.
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1.7 The term "Daily Swing Quantity" shall mean gas produced and sold
hereunder from a Source during a Day in excess of the Daily Baseload Quantity
for such Source on such Day.
1.8 The term "Day" shall mean a period of twenty-four (24) consecutive
hours beginning at 8:00 A.M. Central Time and ending at 8:00 A.M. Central Time
the next succeeding day.
1.9 The term "Delivery Point" shall mean the point at which Seller
first delivers Gas to a third party gathering or transportation system and is
the point at which title to the Gas delivered, sold, and purchased hereunder
shall pass from Seller to Buyer. The Delivery Point for each Source of Gas is
identified on Exhibit "A" hereto.
1.10 The term "Designated Representative" with respect to a party
hereto shall refer to the individual designated from time to time by such party
to receive telephone calls or notices with respect to particular issues or
geographic areas. Such designation shall be in writing, which may be transmitted
as provided herein for notices.
1.11 The term "Exhibit 'A'" shall mean the exhibit attached hereto, as
such may be amended from time to time as necessary, and shall include, but not
be limited to, a list of the Source(s), the Delivery Point, Transporter and
pricing information applicable for each Source, signature lines for approval of
the Exhibit "A" by both parties and the effective date of the Exhibit "A".
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1.12 The term "Initial Margin" shall mean the up-front, per contract
margin deposit required by the NYMEX when natural gas futures contracts are
traded multiplied times the number of contracts sold if the parties establish a
NYMEX-based price under Section 4.1 of this Agreement.
1.13 The term "Margin Request"
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1.14 The term "Month" shall mean a calendar month beginning on the
first calendar Day of such month.
1.15 The terms "Natural Gas" and "Gas" shall mean natural gas that
meets pipeline quality specifications of the Transporter and which is produced
from xxxxx and delivered to the Delivery Point(s) hereunder and shall include
casinghead gas produced with crude oil, natural gas from gas xxxxx, gas from
xxxxx producing gas with condensate, or residue gas resulting from processing
casinghead gas, gas well gas, or other natural gas.
1.16 The term "NYMEX" shall mean the New York Mercantile Exchange.
1.17 The term "PVR" shall mean plant volume reduction, which shall be
the reduction in volumes resulting from processing the Gas.
1.18 The word "Source" shall mean the well or production unit from
which Gas sold hereunder is produced. Each Source shall be identified on Exhibit
"A" hereto, as such Exhibit "A" may be
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amended from time to time, and the Delivery Point, Transporter and pricing
information shall be stated for each Source on such Exhibit "A".
1.19 The term "Total Margin Requirement" shall mean the Initial Margin
plus the Variation Margin. The Total Margin Requirement is zero for any Month
for which a NYMEX natural gas futures contract has expired.
1.20 The term "Transporter", with respect to each Delivery Point, shall
mean the third party gathering or transportation system which receives and
handles Gas delivered at such Delivery Point. The Transporter for each Delivery
Point at which Gas is to be delivered hereunder shall be listed on Exhibit "A".
If more than one Transporter is available at a particular Delivery Point, all
potential Transporter(s) shall be identified on the Exhibit "A" and Buyer shall
keep records identifying the Transporter used with respect to Gas purchased
hereunder at such Delivery Point.
1.21 The term "Variation Margin", shall mean the sum of the products of
the differences, if any, between the daily NYMEX natural gas futures contract's
closing price (Xxxxx Hub) for each forward Contract Month for which a fixed
price has been agreed to, and the NYMEX price used in determining the
agreed-upon fixed price for such Contract Month, multiplied by the quantity of
MMBtus of Gas to be purchased by the Buyer at a fixed price during each such
Contract Month.
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ARTICLE II
TERM
2.0 This Agreement shall become effective for Gas produced beginning
May 1, 1997, and shall remain in full force and effect for a term of three (3)
Contract Years
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ARTICLE III
QUANTITY
3.0 Seller shall sell and deliver and Buyer shall purchase and receive
all of Seller's existing domestic Natural Gas production available for purchase,
upon the terms and conditions set forth herein. Exhibit "A" attached hereto
identifies each Source of Seller's production.
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3.1 Seller expressly reserves the right to conduct well operations free
from all control by Buyer and in such a manner as Seller deems advisable,
including without limitation, the right to rework old xxxxx, the right to
shut-in production for operational or safety reasons and the right to abandon
any well or lease agreement. Seller also expressly reserves all natural gas
needed in order to operate its xxxxx and leases as it deems best.
3.2
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ARTICLE IV
PRICE FOR GAS
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ARTICLE V
DELIVERY POINTS
5.0 The Gas to be purchased and sold hereunder shall be delivered to
Transporter(s) from Sources identified on Exhibit "A" at the Delivery Point
identified on Exhibit "A" for each such Source. In the event that there are
capacity constraints preventing access to Transporter's system and Gas cannot be
delivered to or received from a Delivery Point, the parties may mutually agree
to other Delivery Point(s).
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ARTICLE VI
TRANSPORTATION, NOMINATION, AND GAS CONTROL
6.0 Buyer shall be responsible for paying all transportation costs
downstream from the Delivery Points including any in-kind payment of Gas for
Transporter's fuel and losses from the Delivery Points; provided, however, that
"Currently Effective Deductions" as set forth in Exhibit "A" shall be borne by
Seller and deducted by Buyer from the amounts paid to Seller hereunder.
6.1 Buyer shall be responsible for making all nominations required to
cause Seller's Natural Gas production to be transported from the Delivery Points
set forth in Exhibit "A". Buyer shall work with Seller and operators other than
Seller to stay informed about both production and downstream variances to reduce
imbalances. Buyer shall be responsible for all pipeline imbalances to the extent
Buyer causes such imbalances. Buyer shall bear all penalties and
cash-in/cash-out losses incurred by either party as a result of imbalances for
which Buyer is responsible. Seller shall be responsible for all pipeline
imbalances to the extent Seller causes such imbalances. Seller shall bear all
penalties and cash-in/cash-out losses incurred by either party as a result of
imbalances for which Seller is responsible.
6.2 With respect to each Source, Buyer shall be responsible for certain
Gas control activities normally performed by a producer or a well or facility
operator or a shipper as set forth in this Section 6.2, including volume control
nominations with the applicable pipeline, the other working interest owners,
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and other operators of Sources from which Seller provides Gas. On
Seller-operated Sources, Buyer shall notify Seller's co-owners of their
respective shares of production prior to the 20th Day of the Month preceding the
Contract Month, using diligent efforts to ensure that working interest owner
imbalances are minimized. On non-operated Sources, Buyer shall contact the
operators to receive volumes available for sale each Month and shall use
diligent efforts to remain cognizant of planned down time on both non-operated
and operated Sources.
Buyer will in no event be responsible for tracking working interest
owner imbalances or for taking any action to correct existing or future
imbalances. Buyer will be entitled to rely conclusively on (i) individual well
working interest owner entitlement percentages provided by Seller with respect
to Sources operated by Seller to calculate availability for each interest owner
at the appropriate Delivery Point unless notified otherwise by Seller, and (ii)
information provided by operators to schedule production from Sources that are
not operated by Seller. In the event of disagreement among Seller, working
interest owners, and/or operators with respect to available production and
well-balancing issues, such issues shall be referred to Seller's Designated
Representative.
6.3 (a) Buyer shall indemnify, and hold Seller free and harmless from
and against any and all losses, damages, penalties and reasonable expenses
incurred by Seller and arising out of or resulting from Buyer's breach of its
obligations under this Article
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VI; provided, however, that such indemnification shall not apply to that portion
of such losses, damages, penalties and expenses that results from the negligence
(including, without limitation, failure to keep Buyer adequately informed) or
willful misconduct of Seller.
(b) Seller shall indemnify and hold Buyer free and harmless
from and against any and all losses, damages, penalties and reasonable expenses
incurred by Buyer and arising out of or resulting from Seller's breach of its
obligations under this Article VI; provided however, that such indemnification
shall not apply to that portion of such losses, damages, penalties, or expenses
that result from the negligence or willful misconduct of Buyer.
6.4 As consideration for performing the Gas control services described
herein, Seller shall pay Buyer ____________________________________
____________ per Month during the initial Contract Year and ___________________
__________________ per Month in the next succeeding Contract Years
commencing May 1, 1998. If Seller adds new Sources to this Agreement and Buyer
reasonably believes that additional manpower will be required to perform the Gas
control services, Buyer shall notify Seller of this event and recommend an
addition to the monthly fee for these services. Buyer and Seller shall mutually
agree to such increase in the monthly fee as is required to perform the
additional Gas control services resulting from the new Sources.
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6.5 Seller shall be responsible for connecting new Sources to gathering
systems or pipelines (i.e. well-tie-ins) and for negotiating and connecting any
additional tie-ins for existing Sources, all at Seller's sole cost and expense.
Seller shall notify Buyer at least 90 Days in advance should an existing
connection with a gathering system or pipeline be affected.
6.6 Buyer is not obligated to obtain firm gathering or transportation
on behalf of Seller. Seller, in its own discretion, may obtain firm
transportation of gathering, which shall either be assigned to Buyer for use
hereunder at Seller's cost or Buyer shall act as agent on Seller's behalf. In
addition, Seller has certain gathering and transportation agreements which it
desires to retain in its own name. In order to evidence Buyer's authority to
perform the gas control, nomination, and other duties on Seller's behalf as
provided in this Article VI, the parties shall enter agency agreements with
Transporters from time to time. As between Seller and Buyer hereunder, it is
understood that such agency agreements will be interpreted in connection with
this Article VI. If either party receives notices from Transporters that
specifically apply to gathering or transportation agreements retained by Seller,
but as to which Buyer is acting as Seller's agent, the party receiving such
notice shall provide the other party with a copy or other adequate notice
thereof.
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ARTICLE VII
PROCESSING
7.0 Seller reserves the right, at its sole cost, to process Gas
delivered hereunder, prior to and after its delivery, for the extraction of any
components contained therein other than methane, except for such methane
reasonably removed or used in such processing.
7.1 Such processing shall be at a point or points acceptable to Seller.
Such processing shall not render the Gas incapable of meeting the applicable
quality specifications herein. Buyer shall only be entitled or obligated to buy
the residue Gas resulting from such processing.
7.2 Buyer shall assist Seller in arranging transportation and shall
handle nominations in order to enable Gas to be delivered to any applicable
post-delivery processing plant, but shall not have any responsibility for nor
incur any liability in connection with any such separation, extraction, or
processing by Seller or costs attendant thereto, including, but not limited to,
PVR, fuel, and the cost of transporting PVR and fuel to such point or points.
7.3 Buyer shall be responsible for nominating and scheduling the
transportation of all PVR in accordance with Article VI above. Seller shall
notify Buyer in the event of changes in the status of any of Seller's processing
arrangements that would impact Buyer's performance under this Section 7.3,
including, without limitation, changes in agreements, recovery rates and ethane
rejection/recovery status, Seller's election not to process and any
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other factors that might impact plant inlet or outlet volumes to be scheduled by
Buyer.
ARTICLE VIII
WARRANTY AND TITLE
8.0 As between the parties hereto, title to all Gas sold hereunder
shall pass from Seller to Buyer upon delivery to the Transporter at the Delivery
Points listed in Exhibit "A"; provided, however, that where any Gas sold
hereunder is to be processed, title and risk of loss shall revert to Seller at
the inlet to the processing plant and shall again revert to Buyer at the outlet
of the processing plant.
8.1 Seller warrants title to all Gas sold hereunder, that it has the
right to sell the same, and that such Gas is free from liens, encumbrances, and
adverse claims of every kind. Seller will pay, or cause to be paid, all
applicable royalties, taxes and other sums due on production and transportation
of the Gas until the Gas is delivered to Buyer at the Delivery Point(s).
8.2 Until title passes to Buyer at the Delivery Point(s), and again if
Gas is delivered by Buyer to a processing plant for processing by Seller or for
Seller's account, as between the parties hereto, Seller shall be in full control
and possession of the Gas under this Agreement and shall be responsible for, and
indemnify Buyer against, any damage or injury caused thereby, including death,
except for any damage, injury, or death caused by the willful misconduct or
gross negligence of Buyer. Upon passage
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of title to Buyer at the Delivery Point(s) and again upon delivery of residue
Gas to Buyer after processing at a processing plant by Seller or for Seller's
account, as between the parties hereto, Buyer shall be in full control and
possession of the Gas, and shall be responsible for, and indemnify Seller
against, any damage or injury caused thereby, including death, except for any
damage, injury or death caused by the willful misconduct or gross negligence of
Seller.
8.3 Neither Buyer nor Seller shall be required to odorize the Gas.
ARTICLE IX
QUALITY, MEASUREMENT AND OTHER SPECIFICATIONS
9.0 The terms and provisions of each applicable Transporter's governing
tariff ("Tariff") shall define and set forth, among other things, the units of
measurement, measurement specifications, quality, heating value, testing
specifications, and delivery terms and specifications of the Gas to be delivered
to each Delivery Point. Seller shall be responsible for ensuring that such Gas
meets such specifications. All such definitions, specifications, procedures and
terms, and all other terms and provisions of the Tariff relating to the delivery
of gas to each Transporter are hereby expressly incorporated herein by reference
with respect to the Gas to be delivered to such Transporter.
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ARTICLE X
XXXXXXXX AND PAYMENT
10.0 On or before the tenth (10th) Day of the Month following each
Month of deliveries, Buyer will provide Seller monthly statements showing
volumes and thermal quantities of Gas sold from each Source during the Month of
deliveries, along with the applicable price.
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10.1 In the event it should subsequently be determined that the actual
quantity of Gas sold to Buyer by Seller during a Contract Month was greater than
or less than the quantity paid for by Buyer, then Buyer and Seller shall
cooperate to correct such underage or overage to the mutual satisfaction of the
parties. Buyer shall provide Seller with any pipeline or meter statement(s) or
other appropriate documentation verifying volumes credited to Buyer's account
from the Delivery Point(s) hereunder. All statements, xxxxxxxx, and payments
shall be subject to correction of any error for a period of two (2) years, but
not thereafter, unless specific written claim therefor is made within said
period.
10.2 A delayed payment charge equal to the lesser of (a) the maximum
lawful rate of interest or (b) the prime rate being charged from time to time at
Citibank, N.A., New York, New York (or its successor), plus _______________ per
annum, shall be due on all amounts not paid by Buyer from the due date until the
same are
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paid; provided, however, that such delayed payment charges shall not apply to
amounts due under Section 10.1 above. If Seller has not received a payment due
it hereunder on or before the date when such payment is due, Seller shall
immediately notify Buyer of such nonpayment. If such default in payment
continues for five (5) Business Days after the date of such notice, Seller may
at its election and in addition to all other remedies, suspend deliveries of Gas
quantities hereunder and may cancel and terminate this Agreement; provided,
however, that the provisions for suspending deliveries or terminating this
Agreement shall not apply if Buyer's refusal to pay any amount claimed by Seller
is the result of a bona fide dispute and Buyer pays all amounts not in dispute.
10.3 Each party and its duly authorized representatives shall have
access to the accounting records and other documents maintained by the other
party which relate to the Gas being delivered under this Agreement, including
such rights of access as either may have to the relevant charts and records of
the Transporter, as the case may be.
ARTICLE XI
DISPUTE RESOLUTION
11.0 In the event a dispute arises between Buyer and Seller, or the
successors or assigns of either of them, regarding the application or
interpretation of any provision of this Agreement, the aggrieved party shall
promptly notify the other party of its intent to invoke this dispute resolution
procedure
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after such dispute arises. If the parties shall have failed to resolve the
dispute within ten (10) Days after delivery of such notice, each party shall,
within five (5) Days thereafter nominate a senior officer of its management to
meet at Buyer's office or any other mutually agreed location to resolve the
dispute. Should the parties be unable to resolve the dispute to their mutual
satisfaction within ten (10) Days after such nomination, either party may seek
to enforce its rights by whatever legal means are available to it.
11.1 Without prejudice to the provisions of Section 11.0, either party
may file suit prior to exhaustion of the dispute resolution procedure of 11.0 if
it believes in good faith the same is necessary to toll a statue of limitations,
to establish venue, or to secure a preliminary injunction or other temporary
relief to avoid irreparable damage or to preserve the status quo.
ARTICLE XII
NOTICES
12.0 Except as otherwise permitted in this Agreement, any notice,
request, demand, or other communication required or permitted to be given
hereunder shall be in writing and shall be deemed to have been duly given when
received by a party at its following address, facsimile number or other address
for verifiable electronic communication given below:
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BUYER
Correspondence, Columbia Energy Services Corporation
Invoices and 000 Xxxxxxxxxx Xxxxx, Xxxxx 000
Notices: Xxxxxxxxxx, XX 00000
Attn: Vice President, Operations
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
Payments: WIRE TRANSFER
Columbia Energy Services Corporation
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SELLER
Correspondence, Xxxx-XxXxx Corporation
Invoices and E & P Division
Notices: Attn: Natural Gas Department
X.X. Xxx 00000
Xxxxxxxx Xxxx, XX 00000
or
000 Xxxxxx X. Xxxx Xxxxxx
Xxxxxxxx Xxxx, XX 00000
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
Payments: WIRE TRANSFER
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12.1 All notices required by this Agreement shall, if given by
telephone, be confirmed in writing as provided herein and sent by registered or
certified mail, postage prepaid, or sent by facsimile message or other
verifiable electronic method, addressed to the party at the address set forth in
this Agreement or actually delivered by the party giving notice. Either party
may change its address and/or its facsimile number for receiving notices or its
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telephone number by written notice to the other party, effective upon receipt.
ARTICLE XIII
ASSIGNMENT
13.0 This Agreement may not be assigned by either party without the
prior written consent of the other party, which consent shall not be
unreasonably withheld; provided, however, that Buyer may assign this Agreement
to a direct or indirect subsidiary of the Columbia Gas System, Inc., that is at
least fifty percent (50%) owned by the Columbia Gas System, Inc. without
Seller's prior consent. This Agreement shall inure to the benefit of, and be
binding upon, the parties hereto and their successors, assigns and personal
representatives. Any assignment will not release the assignor of any obligations
under this Agreement, unless there is a written release from the non-assigning
party.
ARTICLE XIV
CREDIT REQUIREMENTS
14.0 Seller and Buyer agree that this Agreement is conditioned upon
Buyer continuing to meet the credit requirements of Seller. Buyer has agreed
that Seller may require Buyer to provide a sufficient bond, letter of credit,
parent guarantee, surety or other evidence of credit worthiness, all with
sureties, terms and amount reasonably satisfactory to Seller, as same may change
from time-to-time.
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ARTICLE XV
EARLY TERMINATION
15.0 In the event that either party shall (i) make an assignment or any
general arrangement for the benefit of creditors; (ii) file a petition or
otherwise commence or authorize commencement of a proceeding or cause under any
bankruptcy or similar law for the protection of creditors or have such petition
filed or proceeding commenced against it; (iii) otherwise become bankrupt or
insolvent; (iv) be unable to pay its debts to the other party as they fall due;
or (v) fail to give adequate assurance of its ability to perform its obligations
within three Business Days of a reasonable request by the other party, then the
other party may terminate this Agreement immediately upon notice.
15.1 It is anticipated by the parties that Buyer will purchase and
receive all or substantially all of Seller's available production that is
subject to the Agreement at all times. If Buyer fails to do so, Seller shall
have the right but not the obligation to terminate this Agreement upon 30 Days
prior written notice; provided, however, that such failure is not excused under
Article XVI.
ARTICLE XVI
FORCE MAJEURE
16.0 In the event that either Buyer or Seller is rendered unable, by an
event of Force Majeure, to perform wholly or in part any obligation or
commitment set forth in this Agreement, then upon
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such party's giving notice, as prescribed in Article XII above, and full
particulars of such event of Force Majeure as soon as possible after the
occurrence of the cause relied on, the obligation of the party affected by such
event of Force Majeure, other than the obligation to make payments hereunder,
shall be suspended during the continuance of any inability but for no longer
period. The party claiming Force Majeure shall use reasonable diligence to
remedy the situation and to remove the cause in an adequate manner and with all
reasonable dispatch, except that the settlement of strikes, lockouts and
industrial disputes and disturbances shall be in the sole discretion of the
party claiming Force Majeure.
16.1 The term "Force Majeure" as stated in this Agreement shall mean
acts of God; strikes, lockouts or industrial disputes or disturbances; civil
disturbances; acts of a public enemy; wars; riots; blockades; insurrections;
freezing of pipelines or xxxxx; failure of machinery due to accident or
breakage; requisitions or restraints of federal, state or municipal government
agencies; curtailment of transportation or any other cause, whether of the kind
herein enumerated or otherwise, not reasonably within the control of the party
claiming Force Majeure.
16.2 Seller and Buyer will provide the names and telephone numbers of
individuals employed by Seller and Buyer who can be reached during non-business
hours in case of Force Majeure events.
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ARTICLE XVII
MISCELLANEOUS
17.0 No waiver by either party of any one or more defaults by the other
in the performance of any provisions of this Agreement shall operate or be
construed as a waiver of any other default or defaults, whether of a like or a
different character.
17.1 Neither party shall be liable to the other party for indirect,
consequential, incidental, or punitive damages, including but not limited to
those arising from business interruption or loss or profits.
17.2 The interpretation and performance of this Agreement shall be in
accordance with the laws of the State of _________ applicable to contracts made
and to be wholly performed within such state. The parties agree that
non-exclusive venue is proper in the courts of competent jurisdiction in ___
_____________________.
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17.3 The terms and conditions contained herein constitute the full and
complete agreement between the parties hereto, and any change to this Agreement
must be submitted in writing and agreed to by both parties.
17.4 This Agreement was jointly prepared by the parties hereto and no
interpretation hereof shall depend on the identity of the party deemed to have
written the provision being interpreted.
17.5 The headings used herein are for the convenience of the parties
and shall not be used in interpreting this Agreement.
17.6 Each party reserves the right to set-off amounts it owes to the
other party against amounts currently due and payable
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to it from such other party, but in exercising this right, shall give a full
explanation, with appropriate backup materials to support the amounts used for
set-off.
17.7 The terms of this Agreement shall be kept confidential, except (i)
as necessary to effect transportation, (ii) as required by law, regulation, or
order of governmental authority, (iii) as required for accounting or audit
purposes, (iv) as necessary to inform an individual or entity considering in
good faith the purchase of one or more Sources, or (v) as required by counsel,
investment advisors, financial institutions, and other consultants retained by
either party from time to time, provided, however that the party retaining such
counsel, advisors, institutions and consultants shall cause each to agree to be
bound by the confidentiality provisions hereof.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed as of the day and year first written above.
BUYER SELLER
COLUMBIA ENERGY SERVICES XXXX-XXXXX CORPORATION
CORPORATION
By: By:
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Name: Name: Xxxxxx X. Xxxxxx
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Title: Title: Senior Vice President
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