South Jersey Resources Group LLC MASTER PHYSICAL

Dan -

Per our earlier conversation, attached is a worksheet for a Master Physical
with South Jersey Resources Group LLC. I do not know the name of the contact
at South Jersey to whom this should be sent. Do you have that info???

As you will see, this Master will require an increase and extension of the
current guaranty. The guarantor, South Jersey Industries, must increase the
guaranty amount to $7MM, and I would like to see them issue a guaranty with
no expiration date.

Please call me if you have any questions. Thanks,

Jay