AMENDATORY AGREEMENT NO. 4
TO
AGREEMENT FOR THE SALE AND PURCHASE OF NATURAL GAS
between
CHUGACH ELECTRIC ASSOCIATION INC.
AND
MARATHON OIL COMPANY
dated September 26, 1988
WHEREAS, Chugach Electric Association, Inc. ("Chugach") and Marathon
Oil Company ("Marathon"), entered into an Agreement for the Sale and Purchase of
Natural Gas ("Agreement") dated September 26, 1988;
WHEREAS, after having operated under the Agreement, the Parties have
determined that Section 7(c)4 of the Agreement does not sufficiently add to the
smoothing of price increases to justify the effort required to use it;
THEREFORE, the parties agree that:
Section 7(c)4 of the Agreement is deleted
In all other respects, the Agreement remains in effect as heretofore
amended.
IN WITNESS WHEREOF, Chugach and Marathon have caused this Amendatory
Agreement No. 4 to be executed by their authorized representatives.
CHUGACH ELECTRIC ASSOCIATION, INC. MARATHON OIL COMPANY
By: /s/ By: /s/
------------------------------- -----------------------------
Its Vice President, Natural Gas
Its: General Manager Marketing and Transportation
Date: October 6, 1993 Date: September 29, 1993