10. Section 99(1) of Act not to apply to certain agreements, etc.

Section 99(1) of the Act shall not apply to the following deeds, bonds, agreements and other arrangements subsisting immediately prior to the Appointed Day:

any insurance taken by SembGas on the Assets;

any agreement entered into by SembGas with a consumer for the supply of gas to that consumer’s premises;

except as provided in Part II of the First Schedule, any contractual licence or right of access granted to SembGas by a consumer to whom SembGas supplies gas, pursuant to or in connection with an agreement referred to in paragraph (b); and

the licence service agreement dated 22nd October 2007 entered into between Singapore Petroleum Company Limited and SembGas.