Fax: (617) 254-1580 June 22, 2005Base Rate Agreement • July 6th, 2005 • Anadarko Petroleum Corp • Crude petroleum & natural gas
This Base Rate Agreement (“Base Rate Agreement”) is made and entered into as of the 29th day of June, 2005, by and between Maritimes & Northeast Pipeline, L.L.C. (“Pipeline”) and Anadarko LNG Marketing, LLC (“Customer”). Pipeline and Customer are parties to that certain firm transportation service agreement of even date herewith pursuant to Pipeline’s Rate Schedule MN365 designated as Pipeline’s Contract No. 210099 (“Service Agreement”) and that certain Precedent Agreement of even date herewith (“Precedent Agreement”). In accordance with the mutual covenants and agreements contained herein, in the Service Agreement and the Precedent Agreement, Pipeline and Customer desire to enter into this Base Rate Agreement to establish the “Base Rate” that the parties will utilize in determining the Initial Rate Cap and the Rate Cap under the negotiated rate agreement governing the rates during the Initial Rate Cap Period and the Rate Cap Period portion of the primary term of the Service Agreement.
