Mark,  Attached is the letter agreement we discussed.
Please review.
It is  rough.
Some issues to note:  1.
The Kern PA cannot be assigned without their consent, which shall not be  unreasonably withheld.
If Kern didn't like the fact that we are receiving  assignment from 3 or 4 other shippers, they might withhold consent if they  thought we were superceding their bid procedures.
Not sure if they would,  but it is a risk.
2.
If the assignment is done after the producer executes the firm transport  agreement, Kern could require to capacity to be released via capacity release  at max rate.
3.
I took a stab at the mark-to-market calculation.
Probably needs more  substance though.
Lets discuss.

Kern River Bid Letter