CONFIDENTIAL TREATMENT REQUESTED
Physical Sale Agreement
Contract #: 37106 and 37109
Buyer and Seller hereby agree as follows:
INERGY HOLDINGS, L.P.
Buyer: Florida Public Utilities Company
Attn: Christopher M. Snyder
401 S. Dixie Highway
West Palm Beach, FL 33041
Seller: Inergy Propane, LLC
Attn: Emily Thrasher
Two Brush Creek Blvd., Suite 200
Kansas City, MO 64112
Term: The initial term of this agreement is from May 1, 2008 through April 30, 2009.
Product: HD5 Propane - odorized
During the Term, Buyer agrees to buy from Seller 100% of its requirements for the Product and Seller
agrees to supply the Product to satisfy such requirements. Buyer anticipates, but does not represent or
warrant, that the annual volume of Product to be purchased will be approximately [*****] gallons.
Pricing: It is anticipated that approximately [*****] gallons of Product will be sourced out of the Alma
terminal via the Dixie Pipeline. It is further anticipated that the remaining balance of Product will be sourced
out of the Sea-3 terminal in Tampa, Florida.
For all Product delivered to a terminal via the Dixie Pipeline, Buyer will pay Seller for Product at the rate
set forth in Exhibit A .
For all such Product sourced out of the Sea-3 Terminal in Tampa, Florida, Buyer will pay Seller for Product
at the rate set forth in Exhibit A .
Weather and other events may dictate Seller needing to bring in Product from locations other than those
specified above. In this event, Buyer and Seller will negotiate in good faith to determine a means of
delivering Product and the price per gallon for such Product.
Transportation: Seller (through its affiliate, L & L Transportation, LLC) will handle and manage all
transportation of Product from any pipeline terminal to Buyer's final delivery locations. Buyer will pay
Seller's then current rates for delivery of Product to Buyer'