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STEPHENS ENERGY CORP. - The Railroad Commission of Texas

STEPHENS ENERGY CORP. - The Railroad Commission of Texas

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OF THE LAWS OF ANOTHER JURISDICTION. THIS AGREEMENT IS -ED INTO,<br />

AND IS PEMORMABLE, IN PART, IN DA&LAS COUNIY, TEXAS. ANY SUIT OR<br />

ACl'ION ARISING IN ANY WAY FROM THIS AGREEMENT MUST BE Fll,EIl IN<br />

DALLAS COUNTY,TEXAS.<br />

15. Nwhing in this Agrcemenl will crcale, or be conmued as creating, any express or ~mplicd rights in<br />

any perron or entity other thD.TXU GAS and Point Designee.<br />

16. <strong>The</strong> Agrccmcst shall be cffecliw on Octobcr 1.2004, and have a primary term until. Oc~ober 1. 2tKlS.<br />

and monUi to month thnemltcr, unlcs~ laminated by either patty with thiny (30) &ys prior wriao~~<br />

notlcc.<br />

17. Each and every term or obligation in this Agreement is sepantr and independent from cvcry other<br />

ten or obligation, and the breach <strong>of</strong> any term or obligation wiU ~JI no way or manner dischatgv or<br />

relicvr the performam <strong>of</strong> my ahcr term or obligation. Each and all <strong>of</strong> the rights and remedic. &' .IVCII<br />

to cilllcr partyby [his Agrccmcnt, or by low or in quily, ue cumulative, and the exercise <strong>of</strong> any suclt<br />

right or rcn~cdy by either patty will not impair such pmy's right to exercise any other right or rt:nicdy<br />

avsil.ablc in such party. undn lhis Agnncnt, or by law or in equity.<br />

18. If all). provision <strong>of</strong> this Agrccmcm is held innlid by any corn or regulalory aulhority, thcr~ swll<br />

prlrrision will bc deemed severable and the remainder <strong>of</strong> this Agrccmenr wiU continue in rull li~nv<br />

and EC~LTI.<br />

19. This Agrmcnt connituter the entire agrcmcnt kwocn the pmies cowring che subject itlaan<br />

here<strong>of</strong>. and lhrre are no agreements, modifications, conditiomor undrrstudingr, writ& 01. or;ll.<br />

express=d or implied. pertaining w tho subjec~ matter k<strong>of</strong>which arc not conlained herein.<br />

If the foregoing s acceplable to Poicu Designee, plcasc indicate by signing this Agreemen1 III the<br />

s'xe provided below and return both originals to TXU GAS for exccu[mn before October 1, 2008. 11<br />

TXlJ CiAS docs not rcccive both nigbls, executed by Poi111 Desipec bY such date. TXU GAS' tdlicr<br />

wnt.iecd IYIC~II shall ~erminatc. and irlhereby withdrawn ctTrPtiveIa1 J:QO P.M. on such dm. 11-1s<br />

undmtoud and agreed that this Agreement is conditioned on the approval <strong>of</strong> TXU<br />

cvidencccl hy TXU GAS' excculion in the space provided below. Following TXU<br />

fully excculed original <strong>of</strong> this Agrccrncnt will be rstumcd for your tile.<br />

-<br />

fi. 4.<br />

TXU GAS COMPANY hW<br />

anager. P me Marketing Administration<br />

. .<br />

/ A?*'.

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