Exhibit








Exhibit 10.3
CHANGE ORDER FORM
Letter of Credit Reduction and Extension


	
		
	PROJECT NAME:  Sabine Pass LNG Stage 2 Liquefaction Facility


OWNER:  Sabine Pass Liquefaction, LLC


CONTRACTOR:  Bechtel Oil, Gas and Chemicals, Inc.


DATE OF AGREEMENT: December 20, 2012
	CHANGE ORDER NUMBER: CO-00045


DATE OF CHANGE ORDER: June 7, 2019








The Agreement between the Parties listed above is changed as follows: (attach additional documentation if necessary)


Owner and Contractor agree the Irrevocable Standby Letter of Credit (“Letter of Credit”) for Subproject 4 (No. 04121800) (i) shall be amended from Seventy-Six Million, Seven Hundred Fifty-Four Thousand, One Hundred Fifty-Six U.S. Dollars (U.S. $76,754,156) to Two Million U.S. Dollars (U.S. $ 2,000,000) and (ii) shall expire upon Owner’s written notice of the expiration of the Defect Correction Period for Subproject 4 (as may be extended pursuant to Section 12.3B of the Agreement) or October 09, 2020 (thirty-six (36) Months after Contractor’s achievement of Substantial Completion for Subproject 4), whichever occurs first. 


The Letter of Credit Amendment is subject to receipt of Owner’s consent, at which time shall be effective within thirty (30) Days after the issuing commercial bank’s receipt of Owner’s consent.




Adjustment to Contract Price
	
				
	The original Contract Price was.........................................................................................................................
	$
	3,769,000,000
	


	Net change by previously authorized Change Orders (00001-00044)...............................................................
	$
	68,707,800
	


	The Contract Price prior to this Change Order was...........................................................................................
	$
	3,837,707,800
	


	The Contract Price will be revised by this Change Order in the amount of .....................................................
	$
	—
	


	The new Contract Price including this Change Order will be...........................................................................
	$
	3,837,707,800
	







Adjustment to dates in Project Schedule
The following dates are modified (list all dates modified; insert N/A if no dates modified): N/A


Adjustment to other Changed Criteria (insert N/A if no changes or impact; attach additional documentation if necessary) N/A


Adjustment to Payment Schedule: N/A


Adjustment to Minimum Acceptance Criteria: N/A


Adjustment to Performance Guarantees: N/A


Adjustment to Design Basis: N/A


Other adjustments to liability or obligation of Contractor or Owner under the Agreement: N/A


Select either A or B:
[A] This Change Order shall constitute a full and final settlement and accord and satisfaction of all effects of the change reflected in this Change Order upon the Changed Criteria and shall be deemed to compensate Contractor fully for such change.  Initials:  ____ Contractor  ____ Owner


[B] This Change Order shall not constitute a full and final settlement and accord and satisfaction of all effects of the change 











reflected in this Change Order upon the Changed Criteria and shall not be deemed to compensate Contractor fully for such change.  Initials:  ____ Contractor  ____ Owner


Upon execution of this Change Order by Owner and Contractor, the above-referenced change shall become a valid and binding part of the original Agreement without exception or qualification, unless noted in this Change Order.  Except as modified by this and any previously issued Change Orders, all other terms and conditions of the Agreement shall remain in full force and effect.  This Change Order is executed by each of the Parties’ duly authorized representatives. 


	
			
	/s/ David Craft
	 
	/s/ Maurissa Douglas Rogers

	Owner
	 
	Contractor

	David Craft
	 
	Maurissa D Rogers

	Name
	 
	Name

	SVP E&C
	 
	Sr Project Manager, PVP

	Title
	 
	Title

	June 21, 2019
	 
	June 7, 2019

	Date of Signing
	 
	Date of Signing