GAS SUPPLY AGREEMENT

(INCORPORATING WHOLESALE MARKET STANDARD TERMS: VERSION 2007-1)

Date:

BETWEEN: The party named in the attached schedule as Seller (Seller)

AND: The party named in the attached schedule as Buyer (Buyer)

THE PARTIES AGREE AS FOLLOWS:

1. SUPPLY OF GAS

Seller will sell and deliver gas to Buyer and Buyer will purchase and take gas from Seller during
the supply period commencing and ending as specified in the attached schedule.

2. TERMS AND CONDITIONS OF SUPPLY

The terms and conditions applying to the supply of gas will be:

2.1 Specific Terms: the specific terms set out in this Gas Supply Agreement, including
the attached schedule; and

2.2 Standard Terms incorporated: the terms and conditions set out in the document
titled "Wholesale Market Standard Terms: Version 2007-1 as published by Gas Industry
Company Limited on its website (www.gasindustry.co.nz)

SIGNED AS AN AGREEMENT

Signed for and on behalf of Seller Signed for and on behalf of Buyer

___________________________________ ___________________________________
Signature Signature

___________________________________ ___________________________________
Name Name

___________________________________ ___________________________________
Title Title
 SCHEDULE

1. Seller

[Description: Full legal name of party that is selling the gas]

2. Buyer

[Description: Full legal name of party that is buying the gas]

3. Supply Commencement Date

[Description: Date on which gas will first be supplied (or made available to Buyer for nomination) under the contract]

4. Supply End Date

[Description: Last date on which gas will be supplied (or made available to Buyer for nomination) under the contract]

5. Supply Days The Supply Days are:

All Days during the Supply Period; or
The following Days during the Supply Period

List of Supply Days

[Description: Tick applicable box. If only some days are supply days, complete description of those days]

6. Delivery Point

[Description: Specific physical point at which gas will be sold and delivered (e.g. Upstream flange of the point of entry
of the gas export pipeline of the [Sellers production station] to the Maui Pipeline at [location details]
7. Agreed Quantities
Supply Day Agreed Maximum Minimum Minimum Time for Time for
(Date) Quantity Available Available Daily Take Buyer Seller
(GJ) Quantity Quantity Notifications Nominations

8. Price Gas Price for each GJ of Adjusted Agreed Quantity: $

Gas Price for each GJ of Adjusted Maximum Available Quantity: $

Specify whether Price includes any taxes, levies, imposts, duties or other amounts payable by Seller in respect
of the supply of gas to Buyer under the Agreement: YES / NO

9. Notices Seller:

Physical Address:
Postal Address:
Facsimile No:
Email Address:
Person to whom notices
should be addressed:

Buyer:

Physical Address:
Postal Address:
Facsimile No:
Email Address:
Person to whom notices
should be addressed:

10. Force Majeure Period of time after which either Party may terminate agreement under clause 11.2: ________________
11. Termination Termination Date for purposes of clause 12.1 :
Number of Supply Days after which Buyer may terminate Agreement for Non-delivery
under clause 12.1.2:

12. Liability Maximum liability of either Party pursuant to clause 9.2.1: $

Maximum liability of either Party pursuant to clause 9.2.2: $
Liquidated damages payable pursuant to clause 9.4: $