EX-10.2



 EXHIBIT 10.2 

SECOND AMENDMENT AND CONSENT TO THE CREDIT AGREEMENT 

This Second Amendment and Consent (this “Amendment”), dated as of May 23, 2018 amends and modifies the Credit and Guaranty
Agreement, dated as of February 25, 2016 (as amended by the Omnibus Amendment and Waiver, dated as of October 14, 2016 and as otherwise amended, restated, supplemented or otherwise modified from time to time the “Credit
Agreement”), by and among Cheniere Energy Partners, L.P. (“Borrower”), MUFG Bank, Ltd., as Administrative Agent (in such capacity, the “Administrative Agent”), the Lenders party thereto from time to time
(referred to herein as the “Lenders”) and each other Person party thereto from time to time. All capitalized terms used herein and not otherwise defined shall have the meanings ascribed to such terms in the Credit Agreement. 

WHEREAS, the Borrower, the Administrative Agent, the Collateral Agent, and each other Person party thereto from time to time have entered into
that certain Intercreditor Agreement, dated as of February 25, 2016 (as amended, restated, supplemented or otherwise modified from time to time, the “Intercreditor Agreement”); 

WHEREAS, the Borrower has requested that the Administrative Agent, the Collateral Agent and the Requisite Lenders agree to amend and modify
the Credit Agreement as set forth herein and consent to the Borrower’s entry into the Corporate Policy (as defined in Section 2 of this Amendment); and 

WHEREAS, the Administrative Agent, the Collateral Agent and the Requisite Lenders are willing to amend and modify certain provisions in the
Credit Agreement and Depositary Agreement as set forth herein and consent to the Borrower’s entry into the CQP Corporate Property Policy (as defined in Section 2 of this Amendment). 

NOW, THEREFORE, in consideration of the foregoing premises and the agreements, provisions and covenants herein contained, and for other good
and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 

Section 1. Amendments to Credit Agreement. Each of the Borrower, the Administrative Agent, the Collateral Agent and the Lenders
party to this Amendment (constituting the Requisite Lenders) agrees that: 
 1.1 Section 1.1 is hereby amended by adding the following
definition in its appropriate alphabetical order: 
 ““Second Amendment” means the Second Amendment to the Credit Agreement,
dated May 23, 2018, among the Borrower, the Subsidiary Guarantors, the Administrative Agent, the Collateral Agent and the lenders and issuing banks party thereto.” 

1.2 Section 5.1(h)(iii) is hereby amended by deleting the words “or Schedule 5.5” contained therein. 







 1.3 Section 5.5(a) is hereby deleted and replaced with the following: 

(a) 
 (i) The
Borrower shall maintain insurance customarily carried by companies engaged in similar businesses, insured with financially sound insurers in such form and amounts as is necessary to insure the probable maximum loss for the Projects (through either
an individual policy or as part of a group policy maintained by the Borrower, so long as the Borrower is included as a “named” insured on all policies). The Borrower will cause each property insurance policy to name the Collateral Agent on
behalf of the Secured Parties and the Secured Parties as a “named insured” and as loss payees as their interest may appear. 

(ii) Within 30 days of any renewal date for policies of insurance maintained with respect to Borrower’s property and
operations, the Borrower will deliver to the Administrative Agent (a) certificates of insurance, binders or other documentation evidencing the existence of all insurance for the Project and (b) a schedule of the insurance policies held by
or for the benefit of the Project. The schedule of insurance shall include the name of the insurance company, policy number (if available), type of insurance, major limits of liability, deductibles, and expiration date of the insurance policies.
Such certificates of insurance/binders shall identify underwriters, the type of insurance and the insurance limits and the policy term Section 5.5. 

(iii) The Borrower will promptly furnish the Collateral Agent and/or the Administrative Agent with copies of all insurance
policies, reinsurance policies, binders and cover notes and such other evidence of insurance as the Collateral Agent and/or the Administrative Agent may reasonably request. 

(iv) The Borrower will advise the Administrative Agent in writing as soon as reasonably practicable of (a) any material
adverse changes in the coverage or limits provided under any policy required by this Section 5.5, (b) any default in the payment of any premium and of any other act or omission on the part of a Credit Party which would be reasonably anticipated
to invalidate or render unenforceable, in whole or part, any insurance being maintained by the Credit Parties pursuant to this Section 5.5 and (c) any reduction in the financial rating of any insurer providing the insurance required
hereunder such that the rating no longer meets the requirements set forth in this Section 5.5. 
 (v) The Borrower shall
promptly notify the Administrative Agent of any single loss or event likely to give rise to a property damage or liability claim against an insurer for an amount in excess of $75 million. 

1.4 Clause (j) of Section 6.2 is hereby deleted and replaced as follows: 

“(j) Liens (i) created in the ordinary course of business on deposits to secure liability for premiums to insurance carriers or
securing insurance premium financing arrangements, arising in connection with conditional sale, title retention, consignment or similar arrangements for the sale of goods or securing letters of 

  
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 credit issued in the ordinary course of business and (ii) of SPL or its secured lenders or
creditors on any corporate or joint property policy collectively insuring the assets of the Borrower and its Subsidiaries (including SPL) and Liens granted in favor of secured creditors of the Borrower or its Subsidiaries over such interests;”

 1.5 Clause (a) of Section 6.10 is hereby deleted and replaced as follows: 

“(a) any transaction (x) between or among Borrower and/or any Subsidiary Guarantors, (y) among Subsidiaries of Borrower that are
not Subsidiary Guarantors and (z) insurance agreements and arrangements permitted by the CQP Corporate Property Policy (as defined in the Second Amendment),” 

Section 2. Consent and Waiver to the Credit Agreement. Each of the Administrative Agent, the Collateral Agent and the Lenders
party to this Amendment (constituting the Requisite Lenders) hereby (i) consent to the Borrower’s maintenance of a corporate insurance policy as described in Schedule I hereto (the “CQP Corporate Property
Policy”), (ii) agree that the arrangements described on Schedule I with respect to the CQP Corporate Property Policy are deemed to satisfy the terms and conditions of the Credit Agreement and (iii) waive any non-compliance with the Financing Documents, or Default or Event of Default thereunder, insofar as such non-compliance relates to the CQP Corporate Property Policy being in
effect prior to the date of this Amendment. 
 Section 3. Representations and Warranties. The Borrower hereby represents and
warrants to the Lenders that: 
 3.1 no Default or Event of Default has occurred and is continuing as of the date hereof (after giving effect
to the consent in Section 2 of this Amendment) or will result from the consummation of the transactions contemplated by the Amendment; and 

3.2 each of the representations and warranties of the Borrower in the Credit Agreement and the other Financing Documents is true and correct
in all material respects except for those representations and warranties that are qualified by materiality, which shall be true and correct in all respects, on and as of the date hereof (or, if stated to have been made solely as of an earlier date,
as of such earlier date). 
 Section 4. Effectiveness. This Amendment shall become effective as of the date hereof upon the
Administrative Agent receiving executed counterparts of this Amendment by each of the Borrower, the Collateral Agent, the Administrative Agent and the Requisite Lenders. 

Section 5. Financing Document. This Amendment constitutes a Financing Document as such term is defined in, and for purposes of,
the Credit Agreement. 
 Section 6. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS
OF THE STATE OF NEW YORK, UNITED STATES OF AMERICA, WITHOUT ANY REFERENCE TO THE CONFLICT OF LAW PRINCIPLES THEREOF (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 

  
 3 








 Section 7. Headings. All headings in this Amendment are included only for convenience
and ease of reference and shall not be considered in the construction and interpretation of any provision hereof. 
 Section 8.
Binding Nature and Benefit. This Amendment shall be binding upon and inure to the benefit of each party hereto and their respective successors and permitted assigns. 

Section 9. Counterparts. This Amendment may be executed in multiple counterparts, each of which shall be deemed an original for
all purposes, but all of which together shall constitute one and the same instrument. Delivery of an executed counterpart of a signature page of this Amendment by facsimile or portable document format (“pdf”) shall be effective as delivery
of a manually executed counterpart of this Amendment. 
 Section 10. No Modifications; No Other Matters. Except as expressly
provided for herein, the terms and conditions of the Credit Agreement and the other Financing Documents shall continue unchanged and shall remain in full force and effect. Each amendment and consent granted herein shall apply solely to the matters
set forth herein and such amendment shall not be deemed or construed as an amendment of any other matters, nor shall such amendment apply to any other matters. 

Section 11. Direction to Administrative Agent and Collateral Agent. 

11.1 By their signature below, each of the Lenders party hereto, constituting the Requisite Lenders, hereby directs the Administrative Agent
to (a) execute this Amendment and (b) direct the Collateral Agent to execute this Amendment, in each case with respect to the amendments set forth in Sections 1 and the consent set forth in Section 2 of this Amendment. By its signature
below, the Administrative Agent, as Controlling Agent (as defined in the Intercreditor Agreement) directs the Collateral Agent to execute this Amendment with respect to the amendments set forth in Sections 1 and the consent set forth in
Section 2 of this Amendment. 
 11.2 By their signature below, each of the Term Lenders, Revolving Lenders, and DSR Issuing Banks
hereby directs the Administrative Agent to (a) execute this Amendment and (b) direct the Collateral Agent to execute this Amendment, in each case with respect to waiver set forth in Section 3.2 of this Amendment. By its signature
below, the Administrative Agent, as Controlling Agent (as defined in the Intercreditor Agreement) directs the Collateral Agent to execute this Amendment with respect to the consent set forth in Section 2 of this Amendment. 

[Remainder of the page left intentionally blank.] 

  
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 IN WITNESS WHEREOF, the Parties have caused this Amendment to be duly executed by their
officers thereunto duly authorized as of the day and year first above written. 
  

			
	CHENIERE ENERGY PARTNERS, L.P., as Borrower
	
	By: Cheniere Energy Partners GP, LLC, its general partner
		
	By:	 	/s/ Lisa Cohen
	Name:	 	Lisa C. Cohen
	Title:	 	Vice President and Treasurer


 SIGNATURE PAGE TO SECOND AMENDMENT TO THE CREDIT AGREEMENT 







 
			
	 CHENIERE ENERGY INVESTMENTS, LLC,

as Subsidiary Guarantor

		
	By:	 	/s/ Lisa Cohen
	Name:	 	Lisa C. Cohen
	Title:	 	Treasurer
	
	 CHENIERE PIPELINE GP INTERESTS, LLC,

as Subsidiary Guarantor

		
	By:	 	/s/ Lisa Cohen
	Name:	 	Lisa C. Cohen
	Title:	 	Treasurer
	
	 CHENIERE CREOLE TRAIL PIPELINE, L.P.,

as Subsidiary Guarantor

	
	 By: CHENIERE PIPELINE GP INTERESTS, LLC,

its general partner

		
	By:	 	/s/ Lisa Cohen
	Name:	 	Lisa C. Cohen
	Title:	 	Treasurer


 SIGNATURE PAGE TO SECOND AMENDMENT TO THE CREDIT AGREEMENT 







 
			
	 SABINE PASS LNG, L.P.,
 as
Subsidiary Guarantor

	
	By: SABINE PASS LNG-GP, LLC, its General Partner
		
	By:	 	/s/ Lisa Cohen
	Name:	 	Lisa C. Cohen
	Title:	 	Treasurer
	
	 SABINE PASS LNG-GP, LLC,

as Subsidiary Guarantor

		
	By:	 	/s/ Lisa Cohen
	Name:	 	Lisa C. Cohen
	Title:	 	Treasurer
	
	 SABINE PASS LNG-LP, LLC,
 as
Subsidiary Guarantor

		
	By:	 	/s/ Lisa Cohen
	Name:	 	Lisa C. Cohen
	Title:	 	Treasurer
	
	 SABINE PASS TUG SERVICES, LLC,

as Subsidiary Guarantor

		
	By:	 	/s/ Lisa Cohen
	Name:	 	Lisa C. Cohen
	Title:	 	Treasurer


 SIGNATURE PAGE TO SECOND AMENDMENT TO THE CREDIT AGREEMENT 







 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	 MUFG BANK, LTD.,
 as
Administrative Agent

		
	By:	 	/s/ Lawrence Blat
	Name:	 	Lawrence Blat
	Title:	 	Authorized Signatory
	
	 MUFG UNION BANK, N.A.,
 as
the Collateral Agent

		
	By:	 	/s/ Fernando Moreyra
	Name:	 	Fernando Moreyra
	Title:	 	Vice President


 SIGNATURE PAGE TO SECOND AMENDMENT TO THE CREDIT AGREEMENT 







 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	 MUFG BANK, LTD.,
 as DSR
Issuing Bank and WC Issuing Bank

		
	By:	 	/s/ Saad Iqbal
	Name:	 	Saad Iqbal
	Title:	 	Managing Director


 SIGNATURE PAGE TO SECOND AMENDMENT TO THE CREDIT AGREEMENT 







 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	 MUFG BANK, LTD.,
 as
Lender

		
	By:	 	/s/ Saad Iqbal
	Name:	 	Saad Iqbal
	Title:	 	Managing Director


 SIGNATURE PAGE TO SECOND AMENDMENT TO THE CREDIT AGREEMENT 







 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	 SOCIÉTÉ GÉNÉRALE,

as Lender

		
	By:	 	/s/ Ellen Turkel
	Name:	 	Ellen Turkel
	Title:	 	Director


 SIGNATURE PAGE TO SECOND AMENDMENT TO THE CREDIT AGREEMENT 







 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	 ABN AMRO CAPITAL USA LLC,
 as
Lender

		
	By:	 	/s/ David Montgomery
	Name:	 	David Montgomery
	Title:	 	Managing Director
		
	By:	 	/s/ Darrell Holley
	Name:	 	Darrell Holley
	Title:	 	Managing Director


 SIGNATURE PAGE TO SECOND AMENDMENT TO THE CREDIT AGREEMENT 







 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	 INDUSTRIAL AND COMMERCIAL

BANK OF CHINA LIMITED NEW
 YORK
BRANCH,

	as Lender


 
			
		
	By:	 	/s/ Michael Falwink


 
			
	Name:	 	Michael Falwink


 
			
	Title:	 	Head of Project Finance, Americas


 SIGNATURE PAGE TO SECOND AMENDMENT TO THE CREDIT AGREEMENT 







 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	 INTESA SANPAOLO S.P.A.,

NEW YORK, BRANCH,

	as Lender


 
			
		
	By:	 	/s/ Francesco Di Mario


 
			
	Name:	 	Francesco Di Mario


 
			
	Title:	 	First Vice President


  

			
		
	By:	 	/s/ Nicholas A. Matacchieri


 
			
	Name:	 	Nicholas A. Matacchieri


 
			
	Title:	 	Vice President


 SIGNATURE PAGE TO SECOND AMENDMENT TO THE CREDIT AGREEMENT 







 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	MIZUHO BANK, LTD.,
	as Lender


 
			
		
	By:	 	/s/ Brian Caldwell


 
			
	Name:	 	Brian Caldwell


 
			
	Title:	 	Managing Director


 SIGNATURE PAGE TO SECOND AMENDMENT TO THE CREDIT AGREEMENT 







 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	 MORGAN STANLEY SENIOR

FUNDING, INC.,

	as Lender


 
			
		
	By:	 	/s/ Jake Dowden


 
			
	Name:	 	Jake Dowden


 
			
	Title:	 	Vice President


 SIGNATURE PAGE TO SECOND AMENDMENT TO THE CREDIT AGREEMENT 







 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	BANK OF AMERICA, N.A.,
	as Lender


 
			
		
	By:	 	/s/ Ronald E. McKaig


 
			
	Name:	 	Ronald E. McKaig


 
			
	Title:	 	Managing Director


 SIGNATURE PAGE TO SECOND AMENDMENT TO THE CREDIT AGREEMENT 







 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	 CREDIT SUISSE AG, CAYMAN

ISLANDS BRANCH,

	as Lender


 
			
		
	By:	 	/s/ Nupur Kumar


 
			
	Name:	 	Nupur Kumar


 
			
	Title:	 	Authorized Signatory


  

			
		
	By:	 	/s/ Christopher Zybrick


 
			
	Name:	 	Christopher Zybrick


 
			
	Title:	 	Authorized Signatory


 SIGNATURE PAGE TO SECOND AMENDMENT TO THE CREDIT AGREEMENT 







 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	 HSBC BANK USA, NATIONAL

ASSOCIATION,

	as Lender


 
			
		
	By:	 	/s/ Duncan Cairo


 
			
	Name:	 	Duncan Cairo


 
			
	Title:	 	Managing Director


 SIGNATURE PAGE TO SECOND AMENDMENT TO THE CREDIT AGREEMENT 







 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	 COMMONWEALTH BANK OF

AUSTRALIA
 ACN 123 123 124,

	as Lender
	
	By its attorney under Power of Attorney
	Dated 24 June 2013:


  

			
		
	By:	 	/s/ David Sparling


 
			
	Signature of Attorney:	 	


 
			
	Name of Attorney:	 	David Sparling


 
			
	Title of Attorney:	 	Associate Director


  

			
	 Signed by its duly constituted attorney in

the presence of:

		
	By:	 	/s/ Daniel Sardelic


 
			
	Signature of Witness:	 	


 
			
	Name of Witness:	 	Daniel Sardelic


 SIGNATURE PAGE TO SECOND AMENDMENT TO THE CREDIT AGREEMENT 







 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	CANADIAN IMPERIAL BANK OF
	COMMERCE, NEW YORK BRANCH,
	as Lender


 
			
		
	By:	 	/s/ Lavinia Macovschi


 
			
	Name:	 	Lavinia Macovschi


 
			
	Title:	 	Authorized Signatory


  

			
		
	By:	 	/s/ Farhad Merali


 
			
	Name:	 	Farhad Merali


 
			
	Title:	 	Authorized Signatory


 SIGNATURE PAGE TO SECOND AMENDMENT TO THE CREDIT AGREEMENT 







 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed and delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	 ING CAPITAL LLC,
 as
Lender



 
			
		
	By:	 	/s/ Hans Beekmans 


 
			
	Name:	 	Hans Beekmans


 
			
	Title:	 	Director


  

			
		
	By:	 	/s/ Anthony Rivera 


 
			
	Name:	 	Anthony Rivera


 
			
	Title:	 	Director


 SIGNATURE PAGE TO SECOND AMENDMENT TO THE CREDIT AGREEMENT 







 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	 FIRSTBANK PUERTO RICO D/B/A

FIRSTBANK FLORIDA,
 as
Lender



 
			
		
	By:	 	/s/ Jose M. Lacasa


 
			
	Name:	 	Jose M. Lacasa


 
			
	Title:	 	SVP Corporate Banking


 SIGNATURE PAGE TO SECOND AMENDMENT TO THE CREDIT AGREEMENT 







 Schedule I 

CQP Corporate Property Policy 

Cheniere Energy Partners, L.P., a Delaware limited partnership (“CQP” or the “Borrower”), Sabine Pass LNG, L.P., a Delaware
limited partnership (“SPLNG”), Cheniere Creole Trail Pipeline, L.P., a Delaware limited partnership (“CCTP”) and Sabine Pass Liquefaction, LLC, a Delaware limited liability company (“SPL”) shall
jointly maintain a property insurance policy (the “CQP Corporate Property Policy”) in order to cover the properties of SPL, SPLNG and CCTP. 

Section 2.1 of Schedule 5.5 to the Credit Agreement requires the Borrower to maintain insurance in “[n]ot less than an amount equal to the
replacement value of the Insured Property; provided that the sum insured will not exceed an amount determined based upon a probable maximum loss study performed by a reputable and experienced firm reasonably satisfactory to the Administrative
Agent in consultation with the Insurance Advisor.” Therefore, SPLNG must maintain property insurance over its properties in an amount not less than the probable maximum loss with respect to the SPLNG project (currently estimated to be $370
million) and CCTP must maintain property insurance over its properties in an amount not less than the probable maximum loss with respect to the CCTP pipeline (currently estimated to be $70 million). Pursuant to similar requirements under the SPL
financing documentation, SPL must maintain property insurance over its properties in an amount not less than the probable maximum loss with respect to the SPL Project (currently estimated to be $1.7 billion). Collectively, SPL, SPLNG and CCTP must
therefore maintain property insurance over their properties in an amount of $2.14 billion based on current estimates of probable maximum loss. 
 Under
the CQP Corporate Property Policy, the Borrower, SPLNG, CCTP and SPL would collectively maintain property insurance in an amount no less than the amounts currently required under the Credit Agreement, the other Financing Documents and the SPL
financing documents. The Borrower would cause the direction of any insurance proceeds under the property insurance for the CQP Corporate Property Policy in accordance with the Financing Documents. 

Under the CQP Corporate Property Policy, the Collateral Agent would be named as a named insured and loss payee (via endorsement), and there could be more
other named insureds and loss payees with respect to such policy, including SPL and its secured creditors.