EXHIBIT 10.7
GAS PURCHASE AGREEMENT
THIS AGREEMENT made and entered into this 1st day of March 1991, but with an effective date to be
retroactive to October 1, 1990, by and between ENERGAS CORPORATION ("Seller") and ENERGAS
PIPELINE COMPANY ("Buyer") concerns the sale of natural gas by Seller to Buyer as follows:
I. NATURE OF SERVICE
1.1 The parties hereto recognize that the sale and purchase of gas hereunder will be contingent on the execution
by Buyer and Seller of a PURCHASE NOMINATION NOTICE in the form attached hereto as Exhibit "A". It
is expressly understood that Buyer shall have no right to purchase and Seller shall have no obligation to sell any
gas under this Agreement unless there is a fully executed PURCHASE NOMINATION NOTICE in effect. The
parties hereto further recognize that during any period in which a fully executed PURCHASE NOMINATION
NOTICE is in effect, the sale and purchase of gas hereunder will also be contingent on Buyer arranging for the
transportation of Seller's gas to be purchased hereunder, on terms and conditions satisfactory to Buyer in its sole
discretion, by the Receiving Pipeline{s) described in the then effective PURCHASE NOMINATION NOTICE,
from the Seller's Delivery Point(s) described therein to Buyer's resale markets.
II. TERM
2.1 This agreement shall become effective on the first of the month of the date hereof and shall continue in full
force and effect for a primary term of five (5) Contract Years and from year to year thereafter. Either party shall
have the right to terminate this Agreement at the expiration of the primary term or on any anniversary of said date
thereafter by giving the other party sixty (60) days prior written notice.
III. QUANTITY
3.1 Subject to the terms of this Agreement, Seller does hereby commit to sell to Buyer, on a best reasonable
efforts basis, and Buyer does hereby agree, on a best reasonable efforts basis, to purchase a mutually agreeable
volume of gas as set forth in a then effective PURCHASE NOMINATION NOTICE. Bu