INSTANCE DOCUMENT

EX-10.11 3 h65781exv10w11.htm EX-10.11 exv10w11
Exhibit 10.11
 
Base Contract for Sale and Purchase of Natural Gas
 
This Base Contract is entered into as of the following date: November 1, 2007. The parties to this Base Contract are the following:
 
         
Ultra Resources, Inc. 
  and   NICOR ENERCHANGE, LLC
363 N. Sam Houston Pkwy, E., Suite 1200, Houston, TX 77060
      3333 WARRENVILLE RD, SUITE 630, LISLE, IL 60532
Duns Number: 07-110-9974 
      Duns Number: 05 ###-###-####
Contract Number: ­ ­
      Contract Number: ­ ­
U.S. Federal Tax ID Number: 83-0320643
      U.S. Federal Tax ID Number: 76-0481753
Notices:
       
363 N. Sam Houston Pkwy, E., Suite 1200, Houston, TX 77060
      Nicor Enerchange, LLC
Attn: Gas Marketing
      Attn: Contract Administration
Phone: 281 ###-###-####          Fax: 281 ###-###-####
      Phone: 630 ###-###-####          Fax:  ###-###-####
Confirmations:
       
Same as Above
      Nicor Enerchange, LLC
Attn ­ ­
      Attn: Accounting Dept.
Phone ­ ­          Fax: ­ ­
      Phone: 630 ###-###-####          Fax: 630 ###-###-####
Invoices and Payments:
       
Same as Above
      Nicor Enerchange, LLC
Attn: ­ ­
      Attn: Accounting Dept.

      3333 Warrenville Rd. Suite 630, Lisle, IL 60532
Phone: ­ ­          Fax: ­ ­
      Phone: 630 ###-###-####          Fax: 630 ###-###-####
Wire Transfer or ACH Numbers (if applicable):
       
BANK: ­ ­
      BANK: ­ ­
ABA: ­ ­
      ABA: ­ ­
ACCT: ­ ­
      ACCT: ­ ­
Other Details: ­ ­
      Other Details: ­ ­
 
This Base Contract incorporates by reference for all purposes the General Terms and Conditions for Sale and Purchase of Natural Gas published by the North American Energy Standards Board. The parties hereby agree to the following provisions offered in said General Terms and Conditions. In the event the parties fail to check a box, the specified default provision shall apply. Select only one box from each section:
 
                     
Section 1.2
  X   Oral (default)   Section 7.2   X   25th Day of Month following
Transaction
  o   Written   Payment Date       Month of delivery (default)
Procedure
              o  
  Day of Month following Month of delivery
Section 2.5
  X   2 Business Days after receipt (default)   Section 7.2   X   Wire transfer (default)
Confirm
  o     Business Days after receipt   Method of   X   Automated Clearinghouse Credit (ACH)
Deadline
          Payment   o   Check
Section 2.6
  o   Seller (default)   Section 7.7   X   Netting applies (default)
Confirming
  o   Buyer   Netting   o   Netting does not apply
Party
  X   Nicor Enerchange            
Section 3.2   o   Cover Standard (default)   Section 10.3.1   X   Early Termination Damages Apply (default)
Performance
  X   Spot Price Standard   Early Termination   o   Early Termination Damages Do Not Apply
Obligation
          Damages        
            Section 10.3.2   X   Other Agreement Setoffs Apply (default)
Note: The following Spot Price Publication applies to both of the immediately preceding.
  Other Agreement Setoffs   o   Other Agreement Setoffs Do Not Apply
Section 2.26
  X   Gas Daily Midpoint (default)   Section 14.5        
Spot Price
Publication 		  o  
  Choice Of Law       ILLINOIS
Section 6
  X   Buyer Pays At and After Delivery   Section 14.10   X   Confidentiality applies (default)
Taxes
      Point (default)   Confidentiality   o   Confidentiality does not apply
    o   Seller Pays Before and At Delivery Point            
X Special Provisions Number of sheets attached: 3
           
oAddendum(s): ­ ­
 
IN WITNESS WHEREOF, the parties hereto have executed this Base Contract in duplicate.
 
     
ULTRA RESOURCES, INC
  NICOR ENERCHANGE, LLC
 
Party Name
  Party Name
 
     
By -s- Stuart E. Nance
  
By -s- Steve Cittadine
Name: Stuart E. Nance
  Name: Steve Cittadine
Title: Vice President
  Title: President
 
Copyright © 2002 North American Energy Standards Board, Inc. NAESB Standard 6.3.1
All Rights Reserved April 19, 2002