EX-10.5



 Exhibit 10.5 

THIRD AMENDED AND RESTATED 

AGREEMENT OF LIMITED PARTNERSHIP 

OF 
 DOMINION COVE POINT
LNG, LP 
 Dated as of October 20, 2014 







 THIRD AMENDED AND RESTATED 

AGREEMENT OF LIMITED PARTNERSHIP 

OF 
 DOMINION COVE POINT
LNG, LP 
 This Third Amended and Restated Agreement of Limited Partnership of Dominion Cove Point LNG, LP (the
“Partnership”), dated as of October 20, 2014 (the “Effective Date”), is by and between Cove Point GP Holding Company, LLC, a Delaware limited liability company (“CP
Holding”), and Dominion Gas Projects Company, LLC, a Delaware limited liability company (“Dominion Gas Projects”). 

RECITALS 
 A. The
Partnership was formed under the Delaware Act under the name “Cove Point LNG Company, L.P.” pursuant to a Certificate of Limited Partnership filed with the Secretary of State of the State of Delaware on October 28, 1993 and the
execution of an Agreement of Limited Partnership dated as of that date; 
 B. The Second Amended and Restated Agreement of Limited
Partnership of Dominion Cove Point LNG, LP (the “Existing Agreement”) was entered into on October 20, 2014 for the purposes of, inter alia, (i) recapitalizing the then existing interests of the Partnership
into the GP Interest, the Preferred LP Interests, and the Common LP Interests (each such Interest defined below), (ii) setting forth the rights and obligations with respect to each such recapitalized Interest, and (iii) facilitating the
transfers of the GP Interest and Preferred LP Interests pursuant to the Contribution Agreement (defined below); 
 C. As a result of the
transfers made pursuant to the Contribution Agreement, CP Holding holds the GP Interest and all of the Preferred LP Interests and Dominion Gas Projects continues to hold all of the Common LP Interests; 

D. Each of Dominion Gas Projects and CP Holding is a disregarded entity for U.S. federal income tax purposes; 

E. For U.S. federal income tax purposes, the transfers of the GP Interest and Preferred LP Interests made pursuant to the Contribution
Agreement caused the Partnership to be treated as a partnership, the partners of which are (i) Dominion Midstream Partners, LP (“MLP”), the sole member of CP Holding, and (ii) Dominion Cove Point, Inc.
(“DCPI”), the sole member of Dominion Gas Projects; 
 F. MLP contributed to CP Holding the net proceeds it received
from the initial public offering of its common units and CP Holding contributed those proceeds to the Partnership in exchange for newly issued Preferred LP Interests; 

G. It is the intent of the parties to this Agreement that the distribution reserve referred to in Section 6.3(b) hereof will be
established by December 31, 2016; and 

  
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 H. The Partners now wish to amend and restate the Existing Agreement to (i) reflect the
admission of CP Holding as the General Partner and a Limited Partner of the Partnership, and the acquisition of additional Preferred LP Interests by CP Holding with the proceeds of the initial public offering by MLP of its common units and
(ii) make such other changes as are set forth in this Agreement. 
 Accordingly, the Partners agree as follows: 

ARTICLE I 
 DEFINITIONS

 1.1. Definitions. Capitalized terms used but not defined elsewhere herein have the meanings assigned to them
below: 
 “Adjusted Capital Account” means, with respect to any Partner, the balance in the Partner’s
Capital Account as of the end of the relevant Fiscal Year, after giving effect to the following adjustments: 
 (a) Credit to the
Capital Account any amounts which the Partner is deemed obligated to restore pursuant to the penultimate sentences of Treasury Regulations Sections 1.704-2(g)(1) and
1.704-2(i)(5); and 
 (b) Debit to the Capital Account the items described in Treasury
Regulations Sections 1.704-1(b)(2)(ii)(d)(4), 1.704-1(b)(2)(ii)(d)(5), and 1.704-1(b)(2)(ii)(d)(6). 

The foregoing definition of Adjusted Capital Account and the definition of “Adjusted Capital Account Deficit” below are each intended to comply with
the provisions of Treasury Regulations Section 1.704-1(b)(2)(ii)(d) and will be interpreted consistently therewith. 

“Adjusted Capital Account Deficit” means, with respect to any Partner, the deficit balance, if any, in the
Partner’s Adjusted Capital Account as of the end of the relevant Fiscal Year. 
 “Affiliate” of any Person
means any Person that, directly or indirectly through one or more intermediaries, controls, is controlled by or is under common control with the Person. The term “control” means the possession, directly or indirectly, of the power to
direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise. 

“Agreement” means this Third Amended and Restated Agreement of Limited Partnership, as amended, modified, supplemented
or restated from time to time. 
 “Applicable Law” means all applicable laws, statutes, treaties, rules, codes,
ordinances, regulations, permits, certificates, orders, interpretations, licenses and permits of any governmental authority and judgments, decrees, injunctions, writs or orders of like action of any court, arbitrator or other administrative,
judicial or quasi-judicial tribunal or agency of competent jurisdiction (including those pertaining to health, safety or the environment). 

  
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 “Capital Account” means, with respect to any Partner, the Capital Account
maintained for the Partner in accordance with the provisions of this definition of “Capital Account.” As of the Effective Date, and based on the Third Party Appraisal, the Capital Account balance of (i) CP Holding is $1,316,075,805,
all of which is attributable to its Preferred LP Interests, and (ii) Dominion Gas Projects is $1,424,642,862, all of which is attributable to its Common LP Interests. Each Partner’s initial Capital Account will thereafter be adjusted in
accordance with the following provisions: 
 (a) To each Partner’s Capital Account there will be credited (i) the
Partner’s Capital Contributions, (ii) the Partner’s distributive share of Net Operating Income and any items in the nature of income or gain that are allocated to the Partner pursuant to Sections 5.3 or 5.4, and (iii) the amount
of any Partnership liabilities assumed by the Partner or that are secured by any asset distributed to the Partner; 
 (b) To each
Partner’s Capital Account there shall be debited (i) the amount of Cash and the Carrying Value of any Partnership asset distributed to the Partner pursuant to any provision of this Agreement, (ii) the Partner’s distributive share
of Net Operating Losses and any items in the nature of deduction, expense, or loss that are allocated to the Partner pursuant to Sections 5.3 or 5.4, and (iii) the amount of any liabilities of the Partner assumed by the Partnership or that are
secured by any asset contributed by the Partner to the Partnership; 
 (c) In the event an Interest is Transferred in accordance with
the terms of this Agreement, the transferee will succeed to the Capital Account of the transferor to the extent it relates to the Transferred Interest; and 

(d) In determining the amount of any liability for purposes of subparagraphs (a) and (b) above there will be taken into
account Code Section 752(c) and any other applicable provisions of the Code and Treasury Regulations. 
 The foregoing provisions and the other
provisions of this Agreement relating to the maintenance of Capital Accounts are intended to comply with Treasury Regulations Section 1.704-1(b), and will be interpreted and applied in a manner consistent
with those Treasury Regulations. In the event the General Partner determines in good faith and on a commercially reasonable basis that it is prudent to modify the manner in which the Capital Accounts, or any debits or credits thereto are computed in
order to comply with those Treasury Regulations, the General Partner may make the modification; provided that the General Partner shall promptly give each other Partner written notice of the modification; and provided, further, that
the modification shall be made only if and to the extent the modification does not have an adverse effect on the Preferred Limited Partners. The General Partner also shall, in good faith and on a commercially reasonable basis, (a) make any
adjustments to the Capital Accounts that are necessary or appropriate to maintain equality between the aggregate Capital Accounts of the Partners and the amount of capital reflected on the Partnership’s balance sheet, as computed for book
purposes, in accordance with Treasury Regulations Section 1.704-1(b)(2)(iv)(q) and (b) make any appropriate modifications to the Capital Accounts in the event unanticipated events might otherwise
cause this Agreement not to comply with Treasury Regulations Section 1.704-1(b). 

  
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 “Capital Contribution” means, with respect to any Partner, the amount of
cash and the initial Carrying Value of any asset (other than cash) actually or deemed contributed to the Partnership by the Partner after the Effective Date. 

“Carrying Value” means, with respect to any asset, the asset’s adjusted basis for federal income tax purposes,
except as follows: 
 (a) The initial Carrying Value of any asset contributed by a Partner to the Partnership will be the gross fair
market value of the asset as of the Effective Date and based on the Third Party Appraisal; 
 (b) The Carrying Value of each
Partnership asset will be adjusted to equal its gross fair market value as determined by the Partners as of the following times: (i) the acquisition of an additional interest in the Partnership by any new or existing Partner in exchange for
more than a de minimis Capital Contribution, provided that no adjustment will be made to the Carrying Values of the Partnership’s assets in connection with any Capital Contribution made by a Common Limited Partner for the purpose
of funding the construction of the Liquefaction Project; (ii) the distribution by the Partnership to a Partner of more than a de minimis amount of asset as consideration for an interest in the Partnership; (iii) the liquidation of
the Partnership within the meaning of Treasury Regulations Section 1.704-1(b)(2)(ii)(g) (other than pursuant to Code Section 708(b)(1)(B)); (iv) the issuance of a Noncompensatory Option; or
(v) any other event to the extent determined by the General Partner to be necessary to properly reflect the Carrying Values in accordance with the standards set forth in Treasury Regulations
Section 1.704-1(b)(2)(iv)(q); provided, however, that in the event of the issuance of an Interest in the Partnership pursuant to the exercise of a Noncompensatory Option where the right to
share in Partnership capital represented by the Partnership Interest differs from the consideration paid to acquire and exercise the Noncompensatory Option, the Carrying Value of each Partnership asset immediately after the issuance of the
Partnership Interest shall be adjusted upward or downward to reflect any unrealized gain or unrealized loss attributable to the Partnership asset and the Capital Accounts of the Partners shall be adjusted in a manner consistent with Treasury
Regulations Section 1.704-1(b)(2)(iv)(s); and provided further, however, that adjustments pursuant to clause (i) and clause (ii) of this sentence (or clause (iv) of this
sentence in the event of the issuance of a Noncompensatory Option to acquire a de minimis Interest in the Partnership) shall be made only if the General Partner reasonably determines that the adjustments are necessary or appropriate to
reflect the relative economic interests of the Partners in the Partnership. If any Noncompensatory Options are outstanding upon the occurrence of an event described in this paragraph (b)(i) through (b)(v), the Partnership shall adjust the Carrying
Values of its Properties in accordance with Treasury Regulations Sections 1.704-1(b)(2)(iv)(f)(1) and 1.704-1(b)(2)(iv)(h)(2); 

(c) The Carrying Value of any asset distributed to any Partner will be adjusted to equal the gross fair market value of the asset on
the date of distribution as determined by the General Partner; and 
 (d) The Carrying Value of each Partnership asset will be
increased (or decreased) to reflect any adjustments to the adjusted basis of the asset pursuant to Code Sections 734(b) (including pursuant to Treasury Regulations Section 1.734-2(b)(1)), but only to the extent


  
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that the adjustments are taken into account in determining Capital Accounts pursuant to Treasury Regulations Section 1.704-1(b)(2)(iv)(m) and
subparagraph (c) of the definition of “Gain” and “Loss”; provided, however, that Carrying Values will not be adjusted pursuant to this subparagraph (d) to the extent that an adjustment
pursuant to subparagraph (b) is required in connection with a transaction that would otherwise result in an adjustment pursuant to this subparagraph (d). 

If the Carrying Value of an asset has been determined or adjusted pursuant to subparagraph (a), (b), or (d), that Carrying Value will
thereafter be adjusted by the Depreciation taken into account with respect to the asset, for purposes of computing Net Operating Income and Net Operating Loss. 

“Code” means the Internal Revenue Code of 1986, as amended from time to time. Any and all references to specific
provisions of the Code are deemed to refer to any corresponding provisions of succeeding law. 
 “Commences Commercial
Service” has the meaning set forth in the First Amended and Restated Agreement of Limited Partnership of Dominion Midstream Partners, LP. 

“Common Limited Partner” means (i) Dominion Gas Projects (unless it has ceased to be a Common Limited Partner)
and (ii) any Person who has become a Common Limited Partner pursuant to the terms of this Agreement and has not ceased to be a Common Limited Partner. 

“Common LP Interests” means the common limited partner interests of the Partnership having the rights, powers,
preferences and designations set forth herein. 
 “Contribution Agreement” means that certain Contribution Agreement
dated as of October 10, 2014 by and among, MLP, CP Holding, Dominion MLP Holding Company, LLC, the Partnership, DCPI, Dominion Gas Projects and Dominion Midstream GP, LLC. 

“CP Holding” has the meaning set forth in the introduction to this Agreement. 

“Delaware Act” means the Delaware Revised Uniform Limited Partnership Act, 6 Del. Code § 17-101 et seq., as
amended from time to time. 
 “DCPI” has the meaning set forth in Recital E of this Agreement. 

“Depreciation” means, for each Fiscal Year, an amount equal to the depreciation, amortization or other cost recovery
deduction allowable for federal income tax purposes with respect to an asset for the Fiscal Year as determined by the General Partner; provided that if the Carrying Value of an asset differs from its adjusted basis for federal income tax
purposes at the beginning of the Fiscal Year or other period, Depreciation for the Fiscal Year or other period shall equal to the amount of book basis recovered for the Fiscal Year or other period under the rules prescribed by Treasury Regulations Section 1.704-3(d)(2) and provided, further, that if the federal income tax depreciation, amortization or other cost recovery deduction for the Fiscal Year or other period is zero, Depreciation
shall be determined with reference to the beginning Carrying Value using any reasonable method selected by the General Partner. 

  
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 “Disposition” means the sale, exchange, extinguishment, cancellation,
retirement, repayment, redemption, termination, lapse, transfer or other similar disposition of all or any portion of the Partnership’s assets, including with respect to any asset that is repaid, redeemed or otherwise retired in whole or in
part in accordance with its terms, any payment of principal, other invested capital and capital appreciation with respect thereto; provided that “Disposition” shall not include any tax-free exchange under the Code. 

“Dominion Gas Projects” has the meaning set forth in the introduction to this Agreement. 

“Effective Date” has the meaning set forth in the introduction to this Agreement. 

“Existing Agreement” has the meaning set forth in Recital B of this Agreement. 

“Final Determination” means the final resolution: (a) by execution of Internal Revenue Service Form 870, 870-AD,
870-P, or 870-LP (or any successor forms thereto), except that a Form 870, 870-AD, 870-P, 870-LP or comparable form that reserves (whether by its terms or by operation of law) the right of the taxpayer to file a claim for refund and/or the right of
a taxing authority to assert a further deficiency shall not constitute a Final Determination; (b) by judgment which has become final and unappealable; (c) by a closing agreement or accepted offer in compromise under Section 7121 or
7122 of the Code, or agreements having the same effect under the Tax laws of other jurisdictions; or (d) by any allowance or disallowance of a refund or credit in respect of an overpayment of Tax as set forth in Section 1313(a) of the Code
or by any other final disposition, including by reason of the expiration of the applicable statute of limitations or by mutual agreement of the parties. 

“Fiscal Quarter” means (i) the period commencing on (and including) the Effective Date and ending on (and
including) December 31, 2014, (ii) any subsequent three-month period commencing on (and including) any January 1, April 1, July 1, or October 1 and ending on (and including) the last day in March, June,
September, and December, respectively, and (iii) in the case of the final Fiscal Quarter, the period commencing on (and including) the day after the last day of the prior Fiscal Quarter and ending on (and including) the date on which all assets
of the partnership are distributed to the Partners pursuant to Section 9.2. 
 “Fiscal Year” means (i) the
period commencing on the Effective Date and ending on December 31, 2014, (ii) any subsequent twelve-month period commencing on January 1 and ending on December 31, and (iii) the period commencing on the immediately preceding
January 1 and ending on the date on which all assets of the partnership are distributed to the Partners pursuant to Section 9.2. 

“Gain” and “Loss” mean, for each Fiscal Year, an amount equal to the Partnership’s items
of taxable gain or loss from the Disposition of partnership assets for the Fiscal Year, determined in accordance with Code Section 703(a)(1) and including items required to be separately stated, with the following adjustments: 

(a) in the event the Carrying Value of any Partnership asset is adjusted in accordance with paragraph (b) or paragraph (c) of
the definition of “Carrying Value,” the amount of the adjustment will be taken into account as gain (if the adjustment increases the Carrying Value of the Partnership asset) or loss (if the adjustment decreases the Carrying Value of the
Partnership asset) from the Disposition of the asset; 

  
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 (b) gain or loss resulting from any Disposition of a Partnership asset with respect to
which gain or loss is recognized for federal income tax purposes will be computed by reference to the Carrying Value of the asset disposed of, notwithstanding that the adjusted tax basis of the asset differs from its Carrying Value; 

(c) to the extent an adjustment to the adjusted tax basis of any asset pursuant to Code Section 734(b) (including pursuant to
Treasury Regulations Section 1.734-2(b)(i)) is required, pursuant to Treasury Regulations Section 1.704-1(b)(2)(iv)(m)(4), to be taken into account in determining Capital Account balances as a result
of a distribution other than in liquidation of a Partner’s Interest in the Partnership, the amount of the adjustment will be treated as an item of gain (if the adjustment increases the basis of the asset) or an item of loss (if the adjustment
decreases the basis) from the Disposition of the asset; and 
 (d) the Gross Liability Value of each liability of the Partnership
described in Treasury Regulations Section 1.752-7(b)(3)(i) will be adjusted at such times as are provided in this Agreement for an adjustment to the Carrying Values of the Partnership’s assets. The amount of any adjustment will be treated
as an item of loss (if the adjustment increases the Gross Liability Value of the liability) or an item of gain (if the adjustment decreases the Gross Liability Value of the liability). 

“General Partner” means (i) CP Holding and (ii) any Person who has become a substituted General Partner
pursuant to the terms of this Agreement and has not ceased to be a General Partner. 
 “GP Interest” means the
general partner interest of the Partnership having the rights, powers, preferences and designations set forth herein. 
 “Gross
Liability Value” means, with respect to any liability of the Partnership described in Treasury Regulations Section 1.752-7(b)(3)(i), the amount of cash that a willing assignor would pay to a willing assignee to assume the liability
in an arm’s-length transaction. 
 “Initial Assets” means the assets of the Partnership placed in service as of
the Effective Date and any capital expenditures incurred by the Partnership with respect to these assets. 

“Interest” means, with respect to any Partner, the interest of the Partner in the Partnership at any particular time,
including the rights and obligations of the Partner as provided in this Agreement and the Delaware Act. 
 “Limited
Partner” means any Person who is a Preferred Limited Partner or a Common Limited Partner. “Limited Partners” mean all Preferred Limited Partners and Common Limited Partners. 

“Limited Partner Interests” means the Common LP Interests and the Preferred LP Interests. 

  
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 “Liquefaction Project” means the natural gas export/liquefaction facility
currently under development by the Partnership. 
 “Liquidation Date” means (a) in the case of an event giving
rise to the dissolution of the Partnership of the type described in Section 9.1(b), the date on which the applicable time period during which the Partners have the right to elect to continue the business of the Partnership has expired without
such an election being made and (b) in the case of any other event giving rise to the dissolution of the Partnership, the date on which such event occurs. 

“MLP” has the meaning set forth in Recital E of this Agreement. 

“Modified Net Operating Income” means, for each Fiscal Year, an amount equal to the sum of (i) the Net Operating
Income, if any, for the Fiscal Year plus (ii) the amount of interest expense of the Partnership included in the computation of the Net Operating Income. 

“Net Operating Income” and “Net Operating Loss” mean, for each Fiscal Year, an amount equal to
the Partnership’s items of taxable income or loss for the Fiscal Year, determined in accordance with Code Section 703(a)(1) and including items required to be separately stated, with the following adjustments: 

(a) any income of the Partnership that is exempt from federal income tax and not otherwise taken into account as an item of Net
Operating Income or Net Operating Loss pursuant to this definition will be added to taxable income or loss; 
 (b) any expenditures
of the Partnership described in Code Section 705(a)(2)(B) or treated as Code Section 705(a)(2)(B) expenditures pursuant to Treasury Regulations Section 1 .704-1(b)(2)(iv)(i), and not otherwise
taken into account as an item of Net Operating Income or Net Operating Loss pursuant to this definition, will be subtracted from taxable income or loss; 

(c) taxable gain or loss resulting from any Disposition of a Partnership asset will not be taken into account in determining Net
Operating Income or Net Operating Loss; 
 (d) depreciation, amortization and other cost recovery deductions taken into account in
computing taxable income or loss will not be taken into account in determining Net Operating Income or Net Operating Loss; and 
 (e)
any items allocated pursuant to Section 5.3 or 5.4 will not be considered in determining Net Operating Income and Net Operating Loss. 

“Net Termination Gain” means for any Fiscal Year, the sum, if positive, of (a) all Net Operating Income or Net
Operating Loss recognized by the Partnership after the Liquidation Date and (b) any Gain or Loss recognized by the Partnership upon the sale, exchange or other disposition of all or substantially all of the assets of the Partnership, taken as a
whole, in a single transaction or a series of related transaction; provided, however, that the items included in the determination of Net Termination Gain shall not include any Regulatory Allocations and items of income, gain or loss
specially allocated pursuant to Section 5.4. 

  
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 “Net Termination Loss” means for any Fiscal Year, the sum, if negative,
of (a) all Net Operating Income or Net Operating Loss recognized by the Partnership after the Liquidation Date and (b) any Gain or Loss recognized by the Partnership upon the sale, exchange or other disposition of all or substantially all
of the assets of the Partnership, taken as a whole, in a single transaction or a series of related transaction; provided, however, that the items included in the determination of Net Termination Loss shall not include any Regulatory
Allocations and items of income, gain or loss specially allocated pursuant to Section 5.4. 
 “Newly Acquired
Assets” means the assets of the Partnership other than the Initial Assets. 
 “Noncompensatory Option”
has the meaning set forth in Treasury Regulations Section 1.721-2(f). 
 “Nonrecourse Deductions” has the
meaning assigned to that term in Treasury Regulations Section 1.704-2(b). 

“Partner” any Person who is a General Partner or a Limited Partner. “Partners” mean the
General Partner and the Limited Partners 
 “Partner Nonrecourse Debt” has the meaning set forth in Treasury
Regulations Section 1.704-2(b)(4). 
 “Partner Nonrecourse Debt Minimum
Gain” has the meaning set forth in Treasury Regulations Section 1.704-2(i)(2). 

“Partner Nonrecourse Deductions” has the meaning set forth in Treasury Regulations Section 1.704-2(i). 
 “Partnership” means Dominion Cove Point LNG, LP, as the partnership
may from time to time be constituted. 
 “Partnership Expenses” has the meaning set forth in Section 3.3. 

“Partnership Minimum Gain” has the meaning set forth in Treasury Regulations
Section 1.704-2(d). 
 “Person” means any individual, partnership,
corporation, limited liability company, trust or other entity. 
 “Preferred Limited Partner” means (i) CP
Holding (unless it has ceased to be a Preferred Limited Partner) and (ii) thereafter, any Person who has become a Preferred Limited Partner pursuant to the terms of this Agreement and has not ceased to be a Preferred Limited Partner. 

“Preferred LP Interests” means the preferred limited partner interests of the Partnership having the rights, powers,
preferences and designations set forth herein. 
 “Preferred Return” means, with respect to any Preferred Limited
Partner, the return that will accrue during each Fiscal Quarter or portion thereof (computed using the actual number of 

  
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days elapsed over a 360-day year) on the amount of the Preferred Limited Partner’s Preferred Return Capital during the Fiscal Quarter, at a rate per annum equal to 3.80%; provided
that the Preferred Return shall be zero with respect to any Fiscal Quarter for which the General Partner determines pursuant to Section 6.1 that no distribution of Preferred Return will be made by the Partnership with respect to that Fiscal
Quarter; and provided, further, that the amount of the Preferred Return for any Fiscal Quarter will not exceed the amount that may be distributed with respect to the Fiscal Quarter pursuant to the proviso set forth in
Section 6.1(a). 
 “Preferred Return Capital” means, with respect to any Preferred Limited Partner, an amount
equal to the product of (i) the number of Preferred LP Interests held by the Preferred Limited Partner times (ii) $1.00. 

“Pro Rata” means (a) when modifying Preferred LP Interests, apportioned equally among all Preferred LP Interests,
and (b) when modifying Common LP Interests, apportioned equally among all Common LP Interests. 
 “Sharing
Ratio” means, as of the Effective Date and based on the value of the Partnership assets determined in the Third Party Appraisal, (i) with respect to the Initial Assets, 33% to the Preferred LP Interests as a class, and 67% to the
Common LP Interests as a class, and (ii) with respect to the Newly Acquired Assets, 1% to the Preferred LP Interests as a class, and 99% to the Common LP Interests as a class; provided, that, in the event there is a Final Determination
with respect to the initial Carrying Value of the Partnership assets that differs from the value of such assets as determined in the Third Party Appraisal, the Sharing Ratios shall be redetermined at such time to provide the holders of the Preferred
LP Interests a cumulative amount of Depreciation for (i) the Fiscal Year in which the Final Determination Date occurs and all subsequent Fiscal Years and (ii) if the Final Determination occurs on or before the date (not including any
extension of time prescribed by Applicable Law) for the filing of the Partnership’s federal income tax return for the Fiscal Year immediately prior to the Fiscal Year in which the Final Determination Date occurs, such prior Fiscal Year, equal
to (a) the expected cumulative amount of Depreciation to be allocated to the holders of the Preferred LP Interests as set forth in Schedule A, less (b) the cumulative amount of Depreciation previously allocated to the holders of the
Preferred LP Interests for all prior Fiscal Years (taking into account any adjustment as a result of such Final Determination). 

“Tax Matters Partner” has the meaning set forth in Section 3.8(b). 

“Third Party Appraisal” means the appraisal of the assets of the Partnership dated as of October 1, 2014,
performed by Duff & Phelps, LLC, an independent, third-party appraiser. 
 “Treasury Regulation” means the
applicable Income Tax Regulations, including Temporary Regulations, promulgated under the Code. Any and all references herein to a specific provision of a Treasury Regulation shall be deemed to refer to any corresponding successor provision. 

“Transfer” means a sale, exchange, transfer, assignment, pledge, hypothecation or other disposition of all or any
portion of an Interest to another Person. When used as a verb, the term “Transfer” shall have a correlative meaning. 

  
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 “U.S. GAAP” means accounting principles generally accepted in the United
States. 
 ARTICLE II 

GENERAL PROVISIONS 

2.1. Continuation. The Partners hereby continue the Partnership as a limited partnership under and pursuant to the provisions of the
Delaware Act. 
 2.2. Partnership Name. The name of the Partnership is Dominion Cove Point LNG, LP. The General Partner may from time
to time change the name of the Partnership and adopt one or more fictitious names for use by the Partnership. The words “Limited Partnership,” “LP” or similar words or letters will be included in the Partnership’s name when
necessary for the purposes of complying with the laws of any jurisdiction that so requires. 
 2.3. Office: Registered Agent. 

(a) The Partnership will maintain a registered office in Delaware at 1209 Orange Street, Wilmington, New Castle County, Delaware 19801,
and the name of the Partnership’s registered agent in Delaware at that address is The Corporation Trust Company. Such office and the agent may be changed from time to time by the General Partner. 

(b) The current business address of the Partnership is 120 Tredegar Street, Richmond, Virginia 23219. The business address of the
Partnership may be changed by the General Partner from time to time in its sole discretion. The General Partner shall give notice to the other Partners of any such change. 

2.4. Term. The Partnership commenced on the date the Certificate of Limited Partnership was filed and shall continue in existence until
an election by the General Partner to dissolve the Partnership. 
 2.5. Purpose of the Partnership. The purpose and business of the
Partnership will be any business which lawfully may be conducted by a limited partnership formed pursuant to the Delaware Act, including primarily, but without limitation, to own, maintain, operate, improve and dispose of the Initial Assets, to
pursue, finance, develop, construct, own, operate, and dispose of the Newly Acquired Assets and to do the same with respect to any additional facilities, and to conduct any other lawful business (together with such incidental and other activities
related to or arising from the foregoing) as the General Partner, from time to time, deems necessary or appropriate to promote and maintain the assets and businesses of the Partnership, subject to Applicable Law. 

ARTICLE III 
 MANAGEMENT
AND OPERATIONS OF THE PARTNERSHIP 
 3.1. Management Generally. Subject to any limitation set forth herein, the management and
control of the Partnership is vested exclusively in the General Partner. The Limited Partners will have no part in the management or control of the Partnership and will have no authority or right to act on behalf of the Partnership in connection
with any matter. 

  
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 3.2. Authority of the General Partner. The General Partner will have all rights and powers
that may be possessed by a general partner under the Delaware Act. 
 3.3. Approval Required for Certain Action. The General Partner
shall not cause the Partnership to, and the Partnership shall not, take any of the following actions without the approval or consent of all Limited Partners (which consent may be made categorically or by policy): 

(a) effecting any merger or consolidation involving the Partnership; 

(b) effecting any sale or exchange of all or substantially all of Partnership’s assets; 

(c) dissolving or liquidating the Partnership; 

(d) creating or causing to exist any consensual restriction on the ability of the Partnership or its subsidiaries to make
distributions, pay any indebtedness, make loans or advances or transfer assets to its Limited Partners or their subsidiaries; 
 (e)
settling or compromising any claim, dispute or litigation directly against, or otherwise relating to indemnification by the Partnership of, any of the directors or officers of the General Partner; or 

(f) issuing additional Interests. 

3.4. Expenses. Except as otherwise provided in this Agreement or any agreement for the operation or management of the
Partnership’s property, the Partnership shall be responsible for and shall pay all Partnership Expenses out of funds of the Partnership determined by the General Partner to be available for that purpose. As used herein, the term
“Partnership Expenses” means all expenses or obligations of the Partnership or otherwise incurred by the General Partner in connection with the exercise of its rights or powers or performance of its obligations under this
Agreement, including without limitation: 
 (a) all costs and expenses related to conducting the business of the Partnership; 

(b) all administrative expenses of the Partnership, including the maintenance of books and records of the Partnership, the preparation
and dispatch to the Partners of financial reports, tax returns and notices required pursuant to this Agreement and the holding of meetings of the Partners (or their representatives); 

(c) all expenses incurred in connection with the registration, qualification or exemption of the Partnership under any applicable
federal, state, local or foreign law; 
 (d) all expenses incurred in connection with any indebtedness or guarantees of the
Partnership or any proposed or definitive credit facility or other credit arrangement (including any line of credit, loan commitment or letter of credit for the Partnership or related to any Partnership assets); 

  
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 (e) all compensation and employee benefits of officers and employees of the Partnership;

 (f) all expenses incurred in connection with any litigation involving the Partnership (including the cost of any investigation and
preparation) and the amount of any judgment or settlement paid in connection therewith; 
 (g) all expenses for indemnity or
contribution payable by the Partnership to any Person, whether payable under Article VIII or otherwise; 
 (h) all expenses incurred
in connection with the collection of amounts due to the Partnership from any Person; 
 (i) all expenses incurred in connection with
the preparation of amendments to this Agreement and the admission of additional partners; and 
 (j) all expenses incurred in
connection with the dissolution and liquidation of the Partnership. 
 3.5. Transactions with Affiliates. The General Partner, when
acting on behalf of the Partnership, is hereby authorized to purchase property, securities, options or other assets from, sell property, securities, options or other assets to, borrow funds from, or otherwise deal with, or retain the services of,
any Partner (acting other than in its capacity as a Partner of the Partnership) or any Affiliate of the Partner. 
 3.6. Books and
Records: Accounting. 
 (a) The General Partner shall keep or cause to be kept at the Partnership’s principal business
address (or at such other place as the General Partner shall determine) full and accurate books and records of the Partnership. Such books and records shall be available for inspection and copying at reasonable times during business hours by any
Partner or its duly authorized agent or representative for a purpose reasonably related to its interest as a Partner. 
 (b) In
addition to the books and records maintained for tax purposes, the Partnership shall keep books of account in accordance with U.S. GAAP. 

3.7. Removal. The General Partner may be removed or replaced only with the written consent of Limited Partners holding a majority of
the Common LP Interests and Preferred LP Interests. 
 3.8. Partnership Tax Returns. 

(a) The General Partner shall cause to be prepared and timely filed all tax returns required to be filed for the Partnership. The
General Partner may, in its discretion, make, or refrain from making, any federal, state or local income or other tax elections for the Partnership that it deems necessary or advisable; provided that the General Partner shall make an election
under Section 754 of the Code with the tax return for its first Fiscal Year. 

  
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 (b) The General Partner is hereby designated as the Partnership’s “Tax Matters
Partner” under Code Section 6231(a)(7) and shall have all of the powers and responsibilities of the position as provided in the Code. The Tax Matters Partner is specifically directed and authorized to take whatever steps the Tax Matters
Partner, in its discretion, deems necessary or desirable to perfect the designation, including filing any forms or documents with the Internal Revenue Service and taking such other action as may from time to time be required under the Treasury
Regulations. Expenses incurred by the Tax Matters Partner, in its capacity as such, will be Partnership Expenses. 
 ARTICLE IV 

CAPITAL CONTRIBUTIONS; CLASSES OF INTERESTS 

4.1. Generally. Except as expressly provided in this Agreement or the Contribution Agreement, or with the prior written consent of all
of the Partners, no Partner shall be required to make Capital Contributions to the Partnership. 
 4.2. Classes of Interests. The
Interests of the Partnership consist of the GP Interest, which is a noneconomic general partner interest, 1,316,075,805 Preferred LP Interests and the Common LP Interests, each having the rights, powers, preferences and designations set forth in
this Agreement. As of the Effective Date and after giving effect to the transfers set forth in the Contribution Agreement, (i) CP Holding holds the GP Interest and all of the Preferred LP Interests and (ii) Dominion Gas Projects holds all
of the Common LP Interests. 
 ARTICLE V 

ALLOCATIONS 
 5.1. Net
Operating Income. 
 After giving effect to the special allocations set forth in Section 5.3 and Section 5.4, Net Operating
Income for any Fiscal Year will be allocated to the Partners in the following order and priority: 
 (a) First, 100% to the holders
of the Preferred LP Interests, Pro Rata, until each Preferred Limited Partner has been allocated an amount equal to the excess, if any, of (i) the cumulative Preferred Return distributed to the Preferred Limited Partner in respect of the Fiscal
Year and all prior Fiscal Years, over (ii) the cumulative Net Operating Income allocated to the Preferred Limited Partner pursuant to this Section 5.1(a) for all prior Fiscal Years; 

(b) Second, 100% to General Partner until the General Partner has been allocated an amount equal to the excess, if any, of (i) the
absolute value of cumulative Net Operating Losses allocated to the General Partner pursuant to Section 5.2(c) for all prior Fiscal Years, over (ii) the cumulative Net Operating Income allocated to the General Partner pursuant to this
Section 5.1(b) for all prior Fiscal Years; 
 (c) Third, 100% to the holders of the Preferred LP Interests, Pro Rata, until each
Preferred Limited Partner has been allocated an amount equal to the excess, if any, of (i) the absolute value of cumulative Net Operating Losses allocated to the Preferred Limited Partner pursuant to Section 5.2(b) for all prior Fiscal
Years, over (ii) the cumulative Net Operating Income allocated to the Preferred Limited Partner pursuant to this Section 5.1(c) for all prior Fiscal Years; 

  
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 (d) Fourth, 100% to the holders of the Common LP Interests, Pro Rata, until each Common
Limited Partner has been allocated an amount equal to the excess, if any, of (i) the absolute value of cumulative Net Operating Losses allocated to the Common Limited Partner pursuant to Section 5.2(a) for all prior Fiscal Years, over
(ii) the cumulative Net Operating Income allocated to the Common Limited Partner pursuant to this Section 5.1(d) for all prior Fiscal Years; 

(e) Fifth, 100% to the holders of the Preferred LP Interests, Pro Rata, until each Preferred Limited Partner has been allocated an
amount equal to the product of (i) 3% times (ii) the excess, if any, of (x) the Modified Net Operating Income for the Fiscal Year over (y) $600,000,000; and 

(f) Sixth, the balance, if any, 100% to the holders of the Common LP Interests, Pro Rata. 

5.2. Net Operating Loss. 

After giving effect to the special allocations set forth in Section 5.3 and Section 5.4, Net Operating Loss for any Fiscal Year will
be allocated to the Partners in the following order and priority: 
 (a) First, 100% to the holders of the Common LP Interests, Pro
Rata, until the Adjusted Capital Account of each Common Limited Partner is equal to zero; 
 (b) Second, 100% to the holders of the
Preferred LP Interests, Pro Rata, until the Adjusted Capital Account of each Preferred Limited Partner is equal to zero; and 
 (c)
Third, the balance, if any, to the General Partner. 
 5.3. Special Allocations. The following special allocations shall be made
in the following order: 
 (a) Minimum Gain Chargeback. Except as otherwise provided in Treasury Regulations Section 1.704-2(f), notwithstanding any other provision of this Article V, if there is a net decrease in Partnership Minimum Gain during any Fiscal Year, each Partner will be allocated items of Partnership
income and gain for the Fiscal Year (and, if necessary, subsequent Fiscal Years) in an amount equal to the Partner’s share of the net decrease in Partnership Minimum Gain, determined in accordance with Treasury Regulations Section 1.704-2(g). Allocations pursuant to the previous sentence will be made in proportion to the respective amounts required to be allocated to each Partner pursuant thereto. The items to be so allocated
shall be determined in accordance with Treasury Regulations Sections 1.704-2(f)(6) and 1.704-2(j)(2). This Section 5.3(a) is intended to comply with the
minimum gain chargeback requirement in Treasury Regulations Section 1.704-2(f) and will be interpreted consistently therewith. 

  
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 (b) Partner Minimum Gain Chargeback. Except as otherwise provided in Treasury Regulations Section 1.704-2(i)(4), notwithstanding any other provision of this Article V, if there is a net decrease in Partner Nonrecourse Debt Minimum Gain attributable to a Partner Nonrecourse Debt during any
Fiscal Year, each Partner who has a share of the Partner Nonrecourse Debt Minimum Gain attributable to that Partner Nonrecourse Debt, determined in accordance with Treasury Regulations
Section 1.704-2(i)(5), will be allocated items of Partnership income and gain for the Fiscal Year (and, if necessary, subsequent Fiscal Years) in an amount equal to the Partner’s share of the net
decrease in Partner Nonrecourse Debt Minimum Gain attributable to the Partner Nonrecourse Debt, determined in accordance with Treasury Regulations Section 1.704-2(i)(4). Allocations pursuant to the
previous sentence will be made in proportion to the respective amounts required to be allocated to each Partner pursuant thereto. The items to be so allocated will be determined in accordance with Treasury Regulations
Sections 1.704-2(i)(4) and 1.704-2(j)(2). This Section 5.3(b) is intended to comply with the minimum gain chargeback requirement in Treasury Regulations Section 1.704-2(i)(4) and will be interpreted consistently therewith. 
 (c) Qualified Income
Offset. In the event that any Partner unexpectedly receives any adjustments, allocations, or distributions described in Treasury Regulations Sections 1.704-1(b)(2)(ii)(d)(4),
1.704-1(b)(2)(ii)(d)(5) or 1.704-1(b)(2)(ii)(d)(6), items of Partnership income and gain will be allocated to the Partner in an amount and manner sufficient to
eliminate, to the extent required by the Treasury Regulations, the Adjusted Capital Account Deficit of the Partner as quickly as possible; provided that an allocation pursuant to this Section 5.3(c) will be made only if and to the extent
that the Partner would have an Adjusted Capital Account Deficit after all other allocations provided for in this Article V have been tentatively made as if this Section 5.3(c) were not in this Agreement. 

(d) Gross Income Allocation. In the event that any Partner has an Adjusted Capital Account Deficit at the end of any Fiscal Year, each
such Partner shall be allocated items of Partnership income and gain in the amount of the deficit as quickly as possible; provided that an allocation pursuant to this Section 5.3(d) will be made only if and to the extent that the Partner
would have an Adjusted Capital Account Deficit after all other allocations provided for in this Article V have been tentatively made as if Section 5.3(c) and this Section 5.3(d) were not in this Agreement. 

(e) Nonrecourse Deductions. Nonrecourse Deductions for any Fiscal Year will be allocated to the holders of the Common LP Interests and
the holders of the Preferred LP Interests, each as a class, in proportion to how all prior Depreciation that did not constitute Nonrecourse Deductions was allocated to each class pursuant to Section 5.3(h), and the portion so allocated to the
Common LP Interests will be allocated Pro Rata and the portion so allocated to the Preferred LP Interests will be allocated Pro Rata. 

(f) Partner Nonrecourse Deductions. Any Partner Nonrecourse Deductions for any Fiscal Year will be allocated to the Partner who bears
the economic risk of loss with respect to the Partner Nonrecourse Debt to which the Partner Nonrecourse Deductions are attributable in accordance with Treasury Regulations Section 1.704-2(i)(1). 

  
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 (g) Section 754 Adjustments. To the extent an adjustment to the adjusted tax basis of
any Partnership asset, pursuant to Code Section 734(b) (including pursuant to Treasury Regulations Section 1.734-2(b)(1)) is required, pursuant to Treasury Regulations
Section 1.704-1(b)(2)(iv)(m)(2) or 1.704-1(b)(2)(iv)(m)(4), to be taken into account in determining Capital Accounts as the result of a distribution to a Partner in
complete liquidation of the Partner’s interest in the Partnership, the amount of the adjustment to Capital Accounts will be treated as an item of gain (if the adjustment increases the basis of the asset) or loss (if the adjustment decreases the
basis) and the gain or loss will be allocated to the Partners in proportion to their interests in the Partnership in the event Treasury Regulations Section 1.704-1(b)(2)(iv)(m)(2) applies, or to the
Partner to whom the distribution was made in the event Treasury Regulations Section 1.704-1(b)(2)(iv)(m)(4) applies. 

(h) Depreciation. Depreciation will be allocated as follows: 

(i) All items of Depreciation with respect to the Initial Assets will be allocated to the holders of the Common LP Interests and the
holders of the Preferred LP Interests based on their respective Sharing Ratio, and the portion so allocated to the Common LP Interests will be allocated Pro Rata and the portion so allocated to the Preferred LP Interests will be allocated Pro Rata;
and 
 (ii) All items of Depreciation with respect to the Newly Acquired Assets will be allocated to the holders of the Common LP
Interests and the holders of the Preferred LP Interests based on their respective Sharing Ratio, and the portion so allocated to the Common LP Interests will be allocated Pro Rata, and the portion so allocated to the Preferred LP Interests will be
allocated Pro Rata. 
 (i) Gains from Disposition of Initial Assets. Prior to the Liquidation Date, in the event that, in any Fiscal
Year, the Partnership realizes, or is deemed to realize, Gain from the Disposition or adjustment to the Carrying Value of any Initial Asset, the Gain will be allocated as follows: 

(i) First, 100% to the holders of the Preferred LP Interests, Pro Rata, until each Preferred Limited Partner has been allocated an
amount equal to the excess, if any, of (i) the sum of (x) cumulative amount of Depreciation allocated to the Preferred Limited Partner pursuant to Section 5.3(h)(i) for the current and all prior Fiscal Years plus (y) the
cumulative amount of Loss allocated to the Preferred Limited Partner pursuant to Section 5.3(k)(i) for the current and all prior Fiscal Years, over (ii) the cumulative amount of Gain, if any, allocated to the Preferred Limited Partner
pursuant to this Section 5.3(i)(i) for all prior Fiscal Years; and 
 (ii) Second, 100% to the holders of the Common LP
Interests, Pro Rata. 

  
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 (j) Gains from Disposition of Newly Acquired Assets. Prior to the Liquidation Date, in the
event that, in any Fiscal Year, the Partnership realizes, or is deemed to realize, Gain from the Disposition or adjustment to the Carrying Value of any Newly Acquired Asset, the Gain will be allocated as follows: 

(i) First, 100% to the holders of the Preferred LP Interests, Pro Rata, until each Preferred Limited Partner has been allocated an
amount equal to the excess, if any, of (i) the sum of (x) cumulative amount of Depreciation allocated to the Preferred Limited Partner pursuant to Section 5.3(h)(ii) for the current and all prior Fiscal Years plus (y) the
cumulative amount of Loss allocated to the Preferred Limited Partner pursuant to Section 5.3(k)(ii) for the current and all prior Fiscal Years, over (ii) the cumulative amount of Gain, if any, allocated to the Preferred Limited Partner
pursuant to this Section 5.3(j)(i) for all prior Fiscal Years; and 
 (ii) Second, 100% to the holders of the Common LP
Interests, Pro Rata. 
 (k) Loss from Disposition of Partnership Assets. Prior to the Liquidation Date, Loss of the Partnership will
be allocated as follows: 
 (i) In the event that, in any Fiscal Year, the Partnership realizes, or is deemed to realize, Loss from
the Disposition or adjustment to the Carrying Value of any Initial Asset, the Loss will be allocated to the holders of the Common LP Interests and to holders of the Preferred LP Interests based on their respective Sharing Ratio, and the portion of
Loss so allocated to the Common LP Interests will be allocated Pro Rata and the portion of Loss so allocated to the Preferred LP Interests will be allocated Pro Rata. 

(ii) In the event that, in any Fiscal Year, the Partnership realizes, or is deemed to realize, Loss from the Disposition or adjustment
to the Carrying Value of any Newly Acquired Asset, the Loss will be allocated to the holders of the Common LP Interests and the holders of the Preferred LP Interests based on their respective Sharing Ratio, and the portion of Loss so allocated to
the Common LP Interests will be allocated Pro Rata and the portion of Loss so allocated to the Preferred LP Interests will be allocated Pro Rata. 

(l) Net Termination Gains or Losses. After given effect to the Regulatory Allocations and the special allocations set forth in
Section 5.4, Net Termination Gain or Net Termination Loss (including a pro rata part of each item of income, gain, loss and deduction taken into account in computing Net Termination Gain or Net Termination Loss) for any Fiscal Year shall be
allocated pursuant to this Section 5.3(l). 
 (i) Net Termination Gain, including a pro rata part of each item of income, gain,
loss and deduction taken into account in computing Net Termination Gain, shall be allocated: 
 (A) First, 100% to the holders of
the Preferred LP Interests, Pro Rata, until each Preferred Limited Partner has been allocated an amount equal to the excess, if any, of (i) the sum of (x) cumulative amount of Depreciation allocated to the Preferred Limited Partner
pursuant to Section 5.3(h) for the current and all prior Fiscal Years plus (y) the cumulative amount of Losses allocated to the Preferred Limited Partner pursuant to 

  
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Section 5.3(k) for the current and all prior Fiscal Years plus (z) any Net Operating Loss allocated to the Preferred Limited Partner pursuant to Section 5.2, over
(ii) the sum of (x) the cumulative amount of Gain, if any, allocated to the Preferred Limited Partner pursuant to Section 5.3(i) and Section 5.3(j) for all prior Fiscal Years plus (y) the cumulative amount of Net
Operating Income allocated to the Preferred Limited Partner pursuant to Section 5.1(c) for all prior Fiscal Years; and 
 (B)
Second, the balance, if any, 100% to the holders of the Common LP Interests, Pro Rata. 
 (ii) Net Termination Loss, including a
pro rata part of each item of income, gain, loss and deduction taken into account in computing Net Termination Loss, shall be allocated: 

(A) First, 100% to the holders of the Common LP Interests, Pro Rata, until the Adjusted Capital Account of each Common Limited Partner
is equal to zero; 
 (B) Second, 100% to the holders of the Preferred LP Interests, Pro Rata, until the Adjusted Capital Account of
each Preferred Limited Partner is equal to zero; and 
 (C) Third, the balance, if any, to the General Partner. 

5.4. Regulatory Allocations. The allocations set forth in Sections 5.3(a), 5.3(b), 5.3(c), 5.3(d), 5.3(e), 5.3(f) and 5.3(g) (the
“Regulatory Allocations”) are intended to comply with certain requirements of the Treasury Regulations. It is the intent of the Partners that, to the extent possible, the Regulatory Allocations
will be offset either with special allocations of other items of Partnership income, gain, loss, or deduction pursuant to this Section 5.4. Therefore, notwithstanding any other provision of this Article V (other than the Regulatory
Allocations), special allocations of Partnership income, gain, loss, or deduction will be made so that, after the offsetting allocations are made, each Partner’s Capital Account balance is, to the extent possible, equal to the Capital Account
balance the Partner would have had if the Regulatory Allocations were not part of this Agreement and all Partnership items were allocated pursuant to Section 5.1, Section 5.2, and Section 5.3 (other than the Regulatory Allocations).
In exercising its discretion under this Section 5.4, the General Partner will take into account future Regulatory Allocations under Sections 5.3(a) and 5.3(b) that, although not yet made, are likely to offset other Regulatory Allocations
previously made under Sections 5.3(e) and 5.3(f). 
 5.5. Other Allocation Rules. 

(a) Net Operating Income, Net Operating Loss, and any other items of income, gain, loss, or deduction will be allocated to the Partners
pursuant to this Article V as of the last day of each Fiscal Year; provided that Net Operating Income, Net Operating Loss, and such other items shall also be allocated at such times as the Carrying Values of the Partnership’s assets
are adjusted pursuant to subparagraph (b) of the definition of “Carrying Value” in Section 1.1. 

  
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 (b) For purposes of determining the Net Operating Income, Net Operating Loss, or any
other items allocable to any period, Net Operating Income, Net Operating Loss and any such other items will be determined on a daily, monthly, or other basis, as determined by the General Partner using any permissible method under Code
Section 706 and the Treasury Regulations thereunder. 
 5.6. Tax Allocations; Code Section 704(c). 

(a) In accordance with Code Section 704(c) and the Treasury Regulations thereunder, income, gain, loss, and deduction with respect
to any asset contributed to the capital of the Partnership will, solely for tax purposes, be allocated among the Partners so as to take account of any variation between the adjusted basis of the asset to the Partnership for federal income tax
purposes and its initial Carrying Value (computed in accordance with the definition of “Carrying Value” in Section 1.1) using the “remedial allocation method” described in Treasury Regulations
Section 1.704-3(d). 
 (b) In the event the Carrying Value of any Partnership asset is
adjusted pursuant to subparagraph (b) of the definition of Carrying Value, subsequent allocations of income, gain, loss, and deduction with respect to the asset will take account of any variation between the adjusted basis of the asset for
federal income tax purposes and its Carrying Value in the same manner as under Code Section 704(c) and the Treasury Regulations thereunder applying the “remedial allocation method” described in Treasury Regulations Section 1.704-3(d). 
 (c) Any elections or other decisions relating to allocations described
in this Section 5.6 shall be made by the General Partner in any manner that reasonably reflects the purpose and intention of this Agreement. Allocations pursuant to this Section 5.6 are solely for purposes of federal, state, and local
taxes and will not affect, or in any way be taken into account in computing, any Partner’s Capital Account or share of Net Operating Income, Net Operating Loss, other items, or distributions pursuant to any provision of this Agreement. 

ARTICLE VI 

DISTRIBUTIONS 
 6.1.
Quarterly Distributions. Except as otherwise provided in Section 6.3 or Section 9.3, quarterly distributions by the Partnership of cash will be made within 45 days of the end of the Fiscal Quarter, unless otherwise determined by the
General Partner. Any distributions of cash to the Limited Partners in respect of any Fiscal Quarter will be made as follows: 
 (a)
First, to the holders of the Preferred LP Interests, Pro Rata, in an amount equal to the Preferred Return for the Fiscal Quarter; provided that any distribution made pursuant to this Section 6.1(a) may not exceed an amount equal to
the excess, if any, of (i) the cumulative amount of Net Operating Income of the Partnership for the period beginning on the Effective Date and ending on the last day of the applicable Fiscal Quarter, over (ii) the cumulative amount of
distributions made for all prior Fiscal Quarters pursuant to this Section 6.1(a) and Sections 6.1(b) and 6.2; and 
 (b)
Second, to the holders of the Common LP Interests, Pro Rata, in such amount determined by the General Partner. 

  
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 For purposes of clause (i) of Section 6.1(a), in the event Net Operating Income is being determined as
of the end of any Fiscal Quarter that is not the last day of a Fiscal Year, the General Partner shall reasonably determine the amount of the Net Operating Income for the current Fiscal Year to date as if the last day of the Fiscal Quarter was the
last day of the current Fiscal Year and in accordance with the definition of “Net Operating Income” set forth in Section 1.1. 

6.2. Annual Distribution. Except as provided in Section 9.2, within 55 days after the end of each Fiscal Year, the General Partner
shall cause the Partnership to distribute to the holders of the Preferred LP Interests, Pro Rata, an amount of cash equal to the amount of Net Operating Income allocated to the holders of the Preferred LP Interests pursuant to Section 5.1(e)
for the Fiscal Year; provided that, in the event cash is insufficient in amount to distribute to the holders of the Preferred LP Interests the full amount to which they are entitled for any Fiscal Year pursuant to this Section 6.2, the
General Partner shall cause future distributions of cash to be made to the holders of the Preferred LP Interests until any such shortfall has been eliminated prior to making any future distributions to the holders of the Common LP Interests pursuant
to Section 6.1(b). 
 6.3. Limitation on Distributions. 

(a) Notwithstanding anything in this Agreement to the contrary, the Partnership will make no distributions that are prohibited by the
Delaware Act. 
 (b) Until the Liquefaction Project Commences Commercial Service, the Partnership shall not make a distribution to
the holders of Common LP Interests until the Partnership has established a distribution reserve sufficient to pay the Preferred Return for two Fiscal Quarters. 

ARTICLE VII 
 REPORTS TO
PARTNERS 
 7.1. Reports. 

(a) All reports provided to the Partners pursuant to this Section 6.1 will be prepared on such basis as the General Partner
determines will appropriately reflect the operations and assets of the Partnership. 
 (b) Within 90 calendar days after the end of
each Fiscal Year, the General Partner, at the expense of the Partnership, shall cause to be delivered to the Partners: (i) such information as is necessary (including a statement for the previous Fiscal Year of each Partner’s share of
items of net income, net gains, net losses and other items of the Partnership and distributions of cash made) for the preparation by the Partners of their federal, state and local income and other tax returns and (ii) a copy of all income tax
and information returns to be filed by the Partnership for the preceding Fiscal Year. 
 (c) Within 120 calendar days after the end
of each Fiscal Year, the General Partner shall cause to be delivered to the Partners unaudited financial statements of the Partnership for the fiscal year, prepared at the expense of the Partnership, which unaudited


  
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financial statements shall set forth, as of the end of and for the Fiscal Year: (i) a profit and loss statement and a balance sheet of the Partnership, (ii) the balance in the Capital
Account of each Partner, and (iii) such other information as, in the judgment of the General Partner, is reasonably necessary for the Partners to be advised of the financial status and results of operations of the Partnership. 

ARTICLE VIII 

EXCULPATION AND INDEMNIFICATION 

8.1. Exculpation and Indemnification. 

(a) The General Partner will not be liable to the Partnership or to any other Partner for monetary damages for any losses, claims,
damages or liabilities arising from any act or omission performed or omitted by it arising out of or in connection with this Agreement or the Partnership’s business or affairs, except for any such loss, claim, damage or liability to the extent
caused by the General Partner’s gross negligence or willful misconduct. 
 (b) The Partnership shall, to the fullest extent
permitted by Applicable Law, indemnify, defend and hold harmless the General Partner against any losses, claims, damages or liabilities to which the General Partner may become subject in connection with any matter arising out of or in connection
with this Agreement or the Partnership’s business or affairs, except for any such loss, claim, damage or liability to the extent caused by the General Partner’s gross negligence or willful misconduct. Subject to Section 3.4(g), if the
General Partner becomes involved in any capacity in any action, proceeding or investigation in connection with any matter arising out of or in connection with this Agreement or the Partnership’s business or affairs, the Partnership shall
reimburse the General Partner for its legal and other expenses (including the cost of any investigation and preparation) as they are incurred in connection therewith, provided that the General Partner shall promptly repay to the Partnership
the amount of any such reimbursed expenses paid to it if it is ultimately determined that the General Partner was not entitled to be indemnified by the Partnership in connection with such action, proceeding or investigation. If for any reason (other
than the gross negligence or willful misconduct of the General Partner) the foregoing indemnification is unavailable to the General Partner, or insufficient to hold it harmless, then the Partnership shall contribute to the amount paid or payable by
the General Partner as a result of such loss, claim, damage, liability or expense in such proportion as is appropriate to reflect the relative benefits received by the Partnership on the one hand and the General Partner on the other hand or, if such
allocation is not permitted by Applicable Law, to reflect not only the relative benefits referred to above but also any other relative equitable considerations. 

(c) Each Partner covenants for itself and its successors and assigns that such Person will, at any time prior to or after dissolution
of the Partnership, on demand, whether before or after such Person’s withdrawal from the Partnership, pay to the Partnership or the General Partner any amount that the Partnership or the General Partner, as the case may be, pays in respect of
taxes (including withholding taxes) imposed upon income of or distributions to such Partner. Any such payment shall not increase the Capital Account of such Partner. 

  
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 (d) Notwithstanding anything else contained in this Agreement, the obligations of the
Partnership or any Partner under Sections 8.1 (b) and (c) will: 
 (i) be in addition to any liability that the
Partnership or any Partner may otherwise have; and 
 (ii) inure to the benefit of Affiliates of the General Partner and the
directors, officers, employees and agents of the General Partner and its Affiliates and any successors, assigns, heirs and personal representatives of such Persons. 

ARTICLE IX 
 DISSOLUTION
OF THE PARTNERSHIP 
 9.1. Dissolution. Subject to the Delaware Act and other Applicable Law, the Partnership shall be dissolved
and its affairs shall be wound up upon the earliest to occur of: 
 (a) an election to dissolve the Partnership by the General
Partner that is approved by the 100% of the Limited Partners; 
 (b) the entry of a decree of judicial dissolution of the Partnership
pursuant to the provisions of the Delaware Act; 
 (c) at any time there are no Limited Partners, unless the Partnership is continued
without dissolution in accordance with the Delaware Act; or 
 (d) an event of withdrawal, except for the resignation, of a General
Partner (within the meaning of the Delaware Act), including the bankruptcy of a General Partner, unless (i) at the time there is at least one other general partner of the Partnership and all of the remaining Partners agree to continue the
business of the Partnership or (ii) within 90 calendar days after the event of withdrawal, the Partners agree in writing to continue the business of the Partnership and, pursuant to Section 3.7 of this Agreement, to the appointment,
effective as of the date of the event of withdrawal, of a new general partner; 
 (e) the sale, condemnation or disposition of all or
substantially all of the Partnership’s assets and the receipt of all consideration therefor; or 
 (f) the resignation of all
General Partners unless a successor is elected and such successor is admitted to the Partnership pursuant to this Agreement. 
 9.2.
Winding Up of Partnership. Upon dissolution, the Partnership’s business will be wound up in an orderly manner. The General Partner shall be the liquidator to wind up the affairs of the Partnership pursuant to this Agreement. If no General
Partner remains, the Limited Partners holding more than 50% of the Capital Accounts may approve one or more Persons to act as the liquidator in carrying out the liquidation. Subject to the Delaware Act and Section 9.3, the liquidator shall
dispose of or distribute all Partnership assets to the Partners as soon as reasonably practicable after dissolution. 

  
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 9.3. Distributions upon Dissolution of the Partnership. 

(a) Upon dissolution of the Partnership, the liquidator shall determine which assets of the Partnership will be disposed of and which
assets of the Partnership will be retained for distribution in kind to the Partners. In performing its duties, the liquidator is authorized to sell, distribute, exchange or otherwise dispose of the assets of the Partnership in any manner that the
liquidator determines to be in the best interest of the Partners. Subject to the Delaware Act, after all liabilities contingent or otherwise of the Partnership (including any liabilities to Partners) have been satisfied or duly provided for (as
determined by the liquidator in its discretion), the remaining assets of the Partnership will be distributed to the Partners in accordance with their positive Capital Account balances after giving effect to all contributions, distributions and
allocations for all periods. 
 (b) Except as otherwise provided in this Agreement, (i) each Limited Partner will look solely to
the assets of the Partnership for the return of its Capital Contributions and will have no right or power to demand or receive property other than cash from the Partnership and (ii) no Limited Partner will have priority over any other Limited
Partner as to the return of its Capital Contributions. 
 (c) No Partner will be obligated to contribute to the Partnership or to any
other Partner any deficit or negative balance that may exist from time to time in the Partner’s Capital Account. 
 ARTICLE X

 TRANSFERABILITY OF PARTNERS’ INTERESTS 

10.1. Transferability of General Partner’s Interests. Except as provided in Section 10.3, and notwithstanding anything else
contained herein, the General Partner may, at any time or from time to time without the consent or approval of the Limited Partners, Transfer all or any portion of its Interest to any Person. The General Partner will not cease to be a general
partner of the Partnership solely as a result of its pledge of all or any portion of its Interest. 
 10.2. Transferability of Limited
Partners’ Interests. Except as provided in Section 10.3, no Limited Partner may Transfer all or any portion of its Interest (other than Transfers of interests in the Limited Partner as permitted by its constituent documents), without
the prior consent of the General Partner, which consent may be given or withheld by the General Partner in its sole discretion. 
 10.3.
Admission of New Partners. In connection with any Transfer permitted hereunder or the issuance of Interests to a Person who was not a Partner before the issuance, the General Partner may admit a transferee or Person acquiring such Interests as a
general partner or limited partner of the Partnership without further action by any other Partner or any other Person, and any such transferee or Person acquiring such Interests will be deemed admitted to the Partnership as a general partner or
limited partner of the Partnership immediately prior to the Transfer, and the business of the Partnership shall continue thereafter without dissolution. 

  
 24 








 10.4. Conditions to Transfer. 

(a) No Transfer contemplated by this Article IX will be effected if the Transfer would jeopardize the status of the Partnership as a
partnership for federal income tax purposes. 
 (b) Notwithstanding anything else contained herein, no Partner will Transfer its
Interest in violation of the registration requirements of the Securities Act of 1933, as amended. 
 ARTICLE XI 

MISCELLANEOUS 
 11.1.
Amendments. This Agreement may be amended only with the approval of all of the Partners. 
 11.2. Third-Party Beneficiaries. This
Agreement is made solely and specifically among and for the benefit of the parties hereto and their respective successors and permitted assigns, and no other Person will have any right, interest or claim hereunder or be entitled to any benefit under
or on account of this Agreement as a third-party beneficiary or otherwise. 
 11.3. Successors. This Agreement will be binding as to
the executors, administrators, estates, heirs, legal successors and permitted assigns of the Partners. 
 11.4. Governing Law:
Severability. This Agreement is governed by and will be construed in accordance with the laws of the State of Delaware without giving effect to the principles of conflict of laws thereof. In particular, this Agreement will be construed to the
maximum extent possible to comply with all of the terms and conditions of the Delaware Act. If, nevertheless, it is determined by a court of competent jurisdiction that a term or provision of this Agreement is invalid or unenforceable under the
Delaware Act or other Applicable Law, that invalidity or unenforceability will not invalidate the entire Agreement. In that case, this Agreement will be construed so as to limit any such term or provision so as to make it enforceable or valid within
the requirements of Applicable Law, and, in the event the term or provision cannot be so limited, this Agreement will be construed to omit the invalid or unenforceable term or provision. If it is determined by a court of competent jurisdiction that
any provision relating to the distributions and allocations of the Partnership or to any fee payable by the Partnership is invalid or unenforceable, this Agreement will be construed or interpreted so as (a) to make it enforceable or valid and
(b) to make the distributions and allocations as closely equivalent to those set forth in this Agreement as is permissible under Applicable Law. 

11.5. Waiver of Action for Partition. Each of the Partners irrevocably waive any right that it may have to maintain any action for
partition with respect to any of the Partnership’s assets. 
 11.6. Headings. Section and other headings contained in this
Agreement are for reference purposes only and are not intended to describe, interpret, define or limit the scope or intent of this Agreement or any provision hereof. 

  
 25 








 11.7. Counterparts. This Agreement may be signed in any number of counterparts, each of
which will be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. 
 11.8. Entire
Agreement. This Agreement constitutes the entire agreement among the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, representations and warranties, both oral and written, among the
parties with respect to the subject matter hereof. 
 [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK.] 

  
 26 








 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above
written. 
  

					
	COVE POINT GP HOLDING COMPANY, LLC	 		 	DOMINION GAS PROJECTS COMPANY, LLC
			
	 /s/ G. Scott Hetzer
	 		 	 /s/ G. Scott Hetzer

	By: G. Scott Hetzer	 		 	By: G. Scott Hetzer
	Title: Senior Vice President and Treasurer	 		 	Title: Senior Vice President and Treasurer


  
 27 








 Schedule A 

  
 28 









																																													
	 	 	 	 	 	2014	 	 	2015	 	 	2016	 	 	2017	 	 	2018	 	 	2019	 	 	2020	 	 	2021	 	 	2022	 	 	2023	 
	 Depreciation at Cove Point
	 				 				 				 				 				 				 				 				 				 				 			
	 Fair Value Depreciation - expected
	 				 				 				 				 				 				 				 				 				 				 			
	 Vintage 2014 and beyond - Initial Assets
	 				 	 	232,500	  	 	 	1,258,500	  	 	 	3,587,600	  	 	 	6,061,805	  	 	 	6,208,550	  	 	 	5,589,124	  	 	 	5,057,688	  	 	 	4,625,852	  	 	 	4,384,148	  	 	 	4,334,300	  
	 Vintage 2017 and beyond - Newly Acquired Assets
	 				 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	48,574,368	  	 	 	383,931,802	  	 	 	345,460,903	  	 	 	310,875,953	  	 	 	279,788,358	  	 	 	251,809,522	  	 	 	229,271,015	  
												
	 Excess Book Basis layer - ADS
	 				 	 	6,493,996	  	 	 	51,940,543	  	 	 	53,292,569	  	 	 	53,292,569	  	 	 	53,304,295	  	 	 	53,292,569	  	 	 	53,304,295	  	 	 	53,292,569	  	 	 	53,304,295	  	 	 	53,292,569	  
	 Step-in-the-shoes layer - MACRS
	 				 	 	17,321,493	  	 	 	66,894,017	  	 	 	66,378,041	  	 	 	61,907,452	  	 	 	54,077,035	  	 	 	49,647,232	  	 	 	47,796,982	  	 	 	46,307,979	  	 	 	45,468,595	  	 	 	42,891,254	  
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Total Fair Value Depreciation - Vintage 2013 & prior - Initial Assets
	 				 	 	23,815,489	  	 	 	118,834,559	  	 	 	119,670,610	  	 	 	115,200,021	  	 	 	107,381,330	  	 	 	102,939,801	  	 	 	101,101,277	  	 	 	99,600,548	  	 	 	98,772,890	  	 	 	96,183,824	  
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Total Fair Value Depreciation
	 				 	 	24,047,989	  	 	 	120,093,059	  	 	 	123,258,210	  	 	 	169,836,194	  	 	 	497,521,682	  	 	 	453,989,827	  	 	 	417,034,918	  	 	 	384,014,758	  	 	 	354,966,561	  	 	 	329,789,139	  
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Carryover Depreciation - expected
	 				 				 				 				 				 				 				 				 				 				 			
	 Vintage 2014 and beyond - Initial Assets
	 				 	 	232,500	  	 	 	1,258,500	  	 	 	3,587,600	  	 	 	6,061,805	  	 	 	6,208,550	  	 	 	5,589,124	  	 	 	5,057,688	  	 	 	4,625,852	  	 	 	4,384,148	  	 	 	4,334,300	  
	 Vintage 2017 and beyond - Newly Acquired Assets
	 				 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	48,574,368	  	 	 	383,931,802	  	 	 	345,460,903	  	 	 	310,875,953	  	 	 	279,788,358	  	 	 	251,809,522	  	 	 	229,271,015	  
												
	 Actual Depreciation - Vintage 2013 & Prior - Initial Assets
	 				 	 	17,321,493	  	 	 	66,894,017	  	 	 	66,378,041	  	 	 	61,907,452	  	 	 	54,077,035	  	 	 	49,647,232	  	 	 	47,796,982	  	 	 	46,307,979	  	 	 	45,468,595	  	 	 	42,891,254	  
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Total Actual Depreciation
	 				 	 	17,553,993	  	 	 	68,152,517	  	 	 	69,965,641	  	 	 	116,543,625	  	 	 	444,217,387	  	 	 	400,697,258	  	 	 	363,730,623	  	 	 	330,722,189	  	 	 	301,662,266	  	 	 	276,496,570	  
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Preferred LP Interests Sharing Ratio on Initial Assets
	 	 	33	% 	 				 				 				 				 				 				 				 				 				 			
		 	  
	  
	 	 				 				 				 				 				 				 				 				 				 			
	 Fair Value Depreciation - Initial Assets
	 				 	 	7,935,836	  	 	 	39,630,710	  	 	 	40,675,209	  	 	 	40,016,403	  	 	 	37,484,660	  	 	 	35,814,545	  	 	 	35,032,458	  	 	 	34,394,712	  	 	 	34,041,823	  	 	 	33,170,981	  
	 Actual Depreciation - Initial Assets
	 				 	 	5,792,818	  	 	 	22,490,330	  	 	 	23,088,662	  	 	 	22,429,855	  	 	 	19,894,243	  	 	 	18,227,997	  	 	 	17,442,041	  	 	 	16,808,164	  	 	 	16,451,405	  	 	 	15,584,433	  
												
	 Common LP Interests Sharing Ratio on Initial Assets
	 	 	67	% 	 				 				 				 				 				 				 				 				 				 			
		 	  
	  
	 	 				 				 				 				 				 				 				 				 				 			
	 Fair Value Depreciation - Initial Assets
	 				 	 	16,112,153	  	 	 	80,462,350	  	 	 	82,583,001	  	 	 	81,245,423	  	 	 	76,105,219	  	 	 	72,714,379	  	 	 	71,126,506	  	 	 	69,831,688	  	 	 	69,115,216	  	 	 	67,347,143	  
	 Actual Depreciation - Initial Assets
	 				 	 	11,761,175	  	 	 	45,662,186	  	 	 	46,876,979	  	 	 	45,539,402	  	 	 	40,391,342	  	 	 	37,008,358	  	 	 	35,412,629	  	 	 	34,125,667	  	 	 	33,401,338	  	 	 	31,641,121	  
												
	 Preferred LP Interests Sharing Ratio on Newly Acquired Assets
	 	 	1	% 	 				 				 				 				 				 				 				 				 				 			
		 	  
	  
	 	 				 				 				 				 				 				 				 				 				 			
	 Fair Value Depreciation - Newly Acquired Assets
	 				 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	485,744	  	 	 	3,839,318	  	 	 	3,454,609	  	 	 	3,108,760	  	 	 	2,797,884	  	 	 	2,518,095	  	 	 	2,292,710	  
	 Actual Depreciation - Newly Acquired Assets
	 				 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	485,744	  	 	 	3,839,318	  	 	 	3,454,609	  	 	 	3,108,760	  	 	 	2,797,884	  	 	 	2,518,095	  	 	 	2,292,710	  
												
	 Common LP Interests Sharing Ratio on Newly Acquired Assets
	 	 	99	% 	 				 				 				 				 				 				 				 				 				 			
		 	  
	  
	 	 				 				 				 				 				 				 				 				 				 			
	 Fair Value Depreciation - Newly Acquired Assets
	 				 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	48,088,624	  	 	 	380,092,484	  	 	 	342,006,294	  	 	 	307,767,194	  	 	 	276,990,474	  	 	 	249,291,427	  	 	 	226,978,305	  
	 Actual Depreciation - Newly Acquired Assets
	 				 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	48,088,624	  	 	 	380,092,484	  	 	 	342,006,294	  	 	 	307,767,194	  	 	 	276,990,474	  	 	 	249,291,427	  	 	 	226,978,305	  









																																									
	 	 	 	 	 	2024	 	 	2025	 	 	2026	 	 	2027	 	 	2028	 	 	2029	 	 	2030	 	 	2031	 	 	2032	 
	 Depreciation at Cove Point
	 				 				 				 				 				 				 				 				 				 			
	 Fair Value Depreciation - expected
	 				 				 				 				 				 				 				 				 				 			
	 Vintage 2014 and beyond - Initial Assets
	 				 	 	4,338,640	  	 	 	4,335,805	  	 	 	4,338,640	  	 	 	4,335,805	  	 	 	4,338,640	  	 	 	4,061,455	  	 	 	3,567,760	  	 	 	2,116,685	  	 	 	444,005	  
	 Vintage 2017 and beyond - Newly Acquired Assets
	 				 	 	229,271,015	  	 	 	229,271,015	  	 	 	229,659,610	  	 	 	229,271,015	  	 	 	229,659,610	  	 	 	229,271,015	  	 	 	229,659,610	  	 	 	229,271,015	  	 	 	200,903,585	  
											
	 Excess Book Basis layer - ADS
	 				 	 	53,304,295	  	 	 	53,292,569	  	 	 	53,304,295	  	 	 	53,292,569	  	 	 	53,304,295	  	 	 	53,292,569	  	 	 	53,304,295	  	 	 	53,292,569	  	 	 	53,304,295	  
	 Step-in-the-shoes layer - MACRS
	 				 	 	22,077,105	  	 	 	3,135,702	  	 	 	2,515,904	  	 	 	1,916,257	  	 	 	1,776,939	  	 	 	1,716,320	  	 	 	1,716,237	  	 	 	1,716,194	  	 	 	1,716,374	  
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Total Fair Value Depreciation - Vintage 2013 & prior - Initial Assets
	 				 	 	75,381,400	  	 	 	56,428,271	  	 	 	55,820,198	  	 	 	55,208,826	  	 	 	55,081,234	  	 	 	55,008,889	  	 	 	55,020,532	  	 	 	55,008,763	  	 	 	55,020,669	  
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Total Fair Value Depreciation
	 				 	 	308,991,055	  	 	 	290,035,092	  	 	 	289,818,449	  	 	 	288,815,647	  	 	 	289,079,484	  	 	 	288,341,360	  	 	 	288,247,902	  	 	 	286,396,463	  	 	 	256,368,258	  
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Carryover Depreciation - expected
	 				 				 				 				 				 				 				 				 				 			
	 Vintage 2014 and beyond - Initial Assets
	 				 	 	4,338,640	  	 	 	4,335,805	  	 	 	4,338,640	  	 	 	4,335,805	  	 	 	4,338,640	  	 	 	4,061,455	  	 	 	3,567,760	  	 	 	2,116,685	  	 	 	444,005	  
	 Vintage 2017 and beyond - Newly Acquired Assets
	 				 	 	229,271,015	  	 	 	229,271,015	  	 	 	229,659,610	  	 	 	229,271,015	  	 	 	229,659,610	  	 	 	229,271,015	  	 	 	229,659,610	  	 	 	229,271,015	  	 	 	200,903,585	  
											
	 Actual Depreciation - Vintage 2013 & Prior - Initial Assets
	 				 	 	22,077,105	  	 	 	3,135,702	  	 	 	2,515,904	  	 	 	1,916,257	  	 	 	1,776,939	  	 	 	1,716,320	  	 	 	1,716,237	  	 	 	1,716,194	  	 	 	1,716,374	  
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Total Actual Depreciation
	 				 	 	255,686,760	  	 	 	236,742,522	  	 	 	236,514,154	  	 	 	235,523,078	  	 	 	235,775,189	  	 	 	235,048,790	  	 	 	234,943,607	  	 	 	233,103,894	  	 	 	203,063,963	  
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
											
	 Preferred LP Interests Sharing Ratio on Initial Assets
	 	 	33	% 	 				 				 				 				 				 				 				 				 			
		 	  
	  
	 	 				 				 				 				 				 				 				 				 			
	 Fair Value Depreciation - Initial Assets
	 				 	 	26,307,613	  	 	 	20,052,145	  	 	 	19,852,417	  	 	 	19,649,728	  	 	 	19,608,558	  	 	 	19,493,214	  	 	 	19,334,136	  	 	 	18,851,398	  	 	 	18,303,342	  
	 Actual Depreciation - Initial Assets
	 				 	 	8,717,196	  	 	 	2,465,597	  	 	 	2,261,999	  	 	 	2,063,180	  	 	 	2,018,141	  	 	 	1,906,666	  	 	 	1,743,719	  	 	 	1,264,850	  	 	 	712,925	  
											
	 Common LP Interests Sharing Ratio on Initial Assets
	 	 	67	% 	 				 				 				 				 				 				 				 				 			
		 	  
	  
	 	 				 				 				 				 				 				 				 				 			
	 Fair Value Depreciation - Initial Assets
	 				 	 	53,412,427	  	 	 	40,711,931	  	 	 	40,306,422	  	 	 	39,894,903	  	 	 	39,811,315	  	 	 	39,577,131	  	 	 	39,254,155	  	 	 	38,274,050	  	 	 	37,161,331	  
	 Actual Depreciation - Initial Assets
	 				 	 	17,698,549	  	 	 	5,005,910	  	 	 	4,592,544	  	 	 	4,188,882	  	 	 	4,097,438	  	 	 	3,871,109	  	 	 	3,540,278	  	 	 	2,568,029	  	 	 	1,447,454	  
											
	 Preferred LP Interests Sharing Ratio on Newly Acquired Assets
	 	 	1	% 	 				 				 				 				 				 				 				 				 			
		 	  
	  
	 	 				 				 				 				 				 				 				 				 			
	 Fair Value Depreciation - Newly Acquired Assets
	 				 	 	2,292,710	  	 	 	2,292,710	  	 	 	2,296,596	  	 	 	2,292,710	  	 	 	2,296,596	  	 	 	2,292,710	  	 	 	2,296,596	  	 	 	2,292,710	  	 	 	2,009,036	  
	 Actual Depreciation - Newly Acquired Assets
	 				 	 	2,292,710	  	 	 	2,292,710	  	 	 	2,296,596	  	 	 	2,292,710	  	 	 	2,296,596	  	 	 	2,292,710	  	 	 	2,296,596	  	 	 	2,292,710	  	 	 	2,009,036	  
											
	 Common LP Interests Sharing Ratio on Newly Acquired Assets
	 	 	99	% 	 				 				 				 				 				 				 				 				 			
		 	  
	  
	 	 				 				 				 				 				 				 				 				 			
	 Fair Value Depreciation - Newly Acquired Assets
	 				 	 	226,978,305	  	 	 	226,978,305	  	 	 	227,363,014	  	 	 	226,978,305	  	 	 	227,363,014	  	 	 	226,978,305	  	 	 	227,363,014	  	 	 	226,978,305	  	 	 	198,894,549	  
	 Actual Depreciation - Newly Acquired Assets
	 				 	 	226,978,305	  	 	 	226,978,305	  	 	 	227,363,014	  	 	 	226,978,305	  	 	 	227,363,014	  	 	 	226,978,305	  	 	 	227,363,014	  	 	 	226,978,305	  	 	 	198,894,549	  









																																																					
	 	 	 	 	 	2033	 	 	2034	 	 	2035	 	 	2036	 	 	2037	 	 	2038	 	 	2039	 	 	2040	 	 	2041	 	 	2042	 	 	2043	 	 	2044	 
	 Depreciation at Cove Point
	 				 				 				 				 				 				 				 				 				 				 				 				 			
	 Fair Value Depreciation - expected
	 				 				 				 				 				 				 				 				 				 				 				 				 			
	 Vintage 2014 and beyond - Initial Assets
	 				 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  
	 Vintage 2017 and beyond - Newly Acquired Assets
	 				 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  
														
	 Excess Book Basis layer - ADS
	 				 	 	53,292,569	  	 	 	53,304,295	  	 	 	53,292,569	  	 	 	26,652,147	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  
	 Step-in-the-shoes layer - MACRS
	 				 	 	1,716,225	  	 	 	1,716,274	  	 	 	1,716,277	  	 	 	1,716,319	  	 	 	1,698,326	  	 	 	1,679,349	  	 	 	1,679,340	  	 	 	1,680,052	  	 	 	1,655,502	  	 	 	1,450,266	  	 	 	1,092,265	  	 	 	873,488	  
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Total Fair Value Depreciation - Vintage 2013 & prior - Initial Assets
	 				 	 	55,008,794	  	 	 	55,020,568	  	 	 	55,008,846	  	 	 	28,368,466	  	 	 	1,698,326	  	 	 	1,679,349	  	 	 	1,679,340	  	 	 	1,680,052	  	 	 	1,655,502	  	 	 	1,450,266	  	 	 	1,092,265	  	 	 	873,488	  
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Total Fair Value Depreciation
	 				 	 	55,008,794	  	 	 	55,020,568	  	 	 	55,008,846	  	 	 	28,368,466	  	 	 	1,698,326	  	 	 	1,679,349	  	 	 	1,679,340	  	 	 	1,680,052	  	 	 	1,655,502	  	 	 	1,450,266	  	 	 	1,092,265	  	 	 	873,488	  
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Carryover Depreciation - expected
	 				 				 				 				 				 				 				 				 				 				 				 				 			
	 Vintage 2014 and beyond - Initial Assets
	 				 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  
	 Vintage 2017 and beyond - Newly Acquired Assets
	 				 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  
														
	 Actual Depreciation - Vintage 2013 & Prior - Initial Assets
	 				 	 	1,716,225	  	 	 	1,716,274	  	 	 	1,716,277	  	 	 	1,716,319	  	 	 	1,698,326	  	 	 	1,679,349	  	 	 	1,679,340	  	 	 	1,680,052	  	 	 	1,655,502	  	 	 	1,450,266	  	 	 	1,092,265	  	 	 	873,488	  
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Total Actual Depreciation
	 				 	 	1,716,225	  	 	 	1,716,274	  	 	 	1,716,277	  	 	 	1,716,319	  	 	 	1,698,326	  	 	 	1,679,349	  	 	 	1,679,340	  	 	 	1,680,052	  	 	 	1,655,502	  	 	 	1,450,266	  	 	 	1,092,265	  	 	 	873,488	  
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
														
	 Preferred LP Interests Sharing Ratio on Initial Assets
	 	 	33	% 	 				 				 				 				 				 				 				 				 				 				 				 			
		 	  
	  
	 	 				 				 				 				 				 				 				 				 				 				 				 			
	 Fair Value Depreciation - Initial Assets
	 				 	 	18,152,902	  	 	 	18,156,788	  	 	 	18,152,919	  	 	 	9,361,594	  	 	 	560,448	  	 	 	554,185	  	 	 	554,182	  	 	 	554,417	  	 	 	546,316	  	 	 	478,588	  	 	 	360,447	  	 	 	288,251	  
	 Actual Depreciation - Initial Assets
	 				 	 	566,354	  	 	 	566,370	  	 	 	566,371	  	 	 	566,385	  	 	 	560,448	  	 	 	554,185	  	 	 	554,182	  	 	 	554,417	  	 	 	546,316	  	 	 	478,588	  	 	 	360,447	  	 	 	288,251	  
														
	 Common LP Interests Sharing Ratio on Initial Assets
	 	 	67	% 	 				 				 				 				 				 				 				 				 				 				 				 			
		 	  
	  
	 	 				 				 				 				 				 				 				 				 				 				 				 			
	 Fair Value Depreciation - Initial Assets
	 				 	 	36,855,892	  	 	 	36,863,781	  	 	 	36,855,927	  	 	 	19,006,872	  	 	 	1,137,878	  	 	 	1,125,164	  	 	 	1,125,157	  	 	 	1,125,635	  	 	 	1,109,186	  	 	 	971,678	  	 	 	731,817	  	 	 	585,237	  
	 Actual Depreciation - Initial Assets
	 				 	 	1,149,871	  	 	 	1,149,903	  	 	 	1,149,905	  	 	 	1,149,934	  	 	 	1,137,878	  	 	 	1,125,164	  	 	 	1,125,157	  	 	 	1,125,635	  	 	 	1,109,186	  	 	 	971,678	  	 	 	731,817	  	 	 	585,237	  
														
	 Preferred LP Interests Sharing Ratio on Newly Acquired Assets
	 	 	1	% 	 				 				 				 				 				 				 				 				 				 				 				 			
		 	  
	  
	 	 				 				 				 				 				 				 				 				 				 				 				 			
	 Fair Value Depreciation - Newly Acquired Assets
	 				 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  
	 Actual Depreciation - Newly Acquired Assets
	 				 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  
														
	 Common LP Interests Sharing Ratio on Newly Acquired Assets
	 	 	99	% 	 				 				 				 				 				 				 				 				 				 				 				 			
		 	  
	  
	 	 				 				 				 				 				 				 				 				 				 				 				 			
	 Fair Value Depreciation - Newly Acquired Assets
	 				 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  
	 Actual Depreciation - Newly Acquired Assets
	 				 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  









																																	
	 	 	 	 	 	2045	 	 	2046	 	 	2047	 	 	2048	 	 	2049	 	 	2050	 	 	2051	 
	 Depreciation at Cove Point
	 				 				 				 				 				 				 				 			
	 Fair Value Depreciation - expected
	 				 				 				 				 				 				 				 			
	 Vintage 2014 and beyond - Initial Assets
	 				 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  
	 Vintage 2017 and beyond - Newly Acquired Assets
	 				 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  
									
	 Excess Book Basis layer - ADS
	 				 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  
	 Step-in-the-shoes layer - MACRS
	 				 	 	815,999	  	 	 	398,945	  	 	 	342,284	  	 	 	120,475	  	 	 	10,653	  	 	 	4,397	  	 	 	230	  
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Total Fair Value Depreciation - Vintage 2013 & prior - Initial Assets
	 				 	 	815,999	  	 	 	398,945	  	 	 	342,284	  	 	 	120,475	  	 	 	10,653	  	 	 	4,397	  	 	 	230	  
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Total Fair Value Depreciation
	 				 	 	815,999	  	 	 	398,945	  	 	 	342,284	  	 	 	120,475	  	 	 	10,653	  	 	 	4,397	  	 	 	230	  
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Carryover Depreciation - expected
	 				 				 				 				 				 				 				 			
	 Vintage 2014 and beyond - Initial Assets
	 				 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  
	 Vintage 2017 and beyond - Newly Acquired Assets
	 				 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  
									
	 Actual Depreciation - Vintage 2013 & Prior - Initial Assets
	 				 	 	815,999	  	 	 	398,945	  	 	 	342,284	  	 	 	120,475	  	 	 	10,653	  	 	 	4,397	  	 	 	230	  
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
	 Total Actual Depreciation
	 				 	 	815,999	  	 	 	398,945	  	 	 	342,284	  	 	 	120,475	  	 	 	10,653	  	 	 	4,397	  	 	 	230	  
		 				 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 	 	  
	  
	 
									
	 Preferred LP Interests Sharing Ratio on Initial Assets
	 	 	33	% 	 				 				 				 				 				 				 			
		 	  
	  
	 	 				 				 				 				 				 				 			
	 Fair Value Depreciation - Initial Assets
	 				 	 	269,280	  	 	 	131,652	  	 	 	112,954	  	 	 	39,757	  	 	 	3,515	  	 	 	1,451	  	 	 	76	  
	 Actual Depreciation - Initial Assets
	 				 	 	269,280	  	 	 	131,652	  	 	 	112,954	  	 	 	39,757	  	 	 	3,515	  	 	 	1,451	  	 	 	76	  
									
	 Common LP Interests Sharing Ratio on Initial Assets
	 	 	67	% 	 				 				 				 				 				 				 			
		 	  
	  
	 	 				 				 				 				 				 				 			
	 Fair Value Depreciation - Initial Assets
	 				 	 	546,720	  	 	 	267,293	  	 	 	229,330	  	 	 	80,719	  	 	 	7,137	  	 	 	2,946	  	 	 	154	  
	 Actual Depreciation - Initial Assets
	 				 	 	546,720	  	 	 	267,293	  	 	 	229,330	  	 	 	80,719	  	 	 	7,137	  	 	 	2,946	  	 	 	154	  
									
	 Preferred LP Interests Sharing Ratio on Newly Acquired Assets
	 	 	1	% 	 				 				 				 				 				 				 			
		 	  
	  
	 	 				 				 				 				 				 				 			
	 Fair Value Depreciation - Newly Acquired Assets
	 				 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  
	 Actual Depreciation - Newly Acquired Assets
	 				 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  
									
	 Common LP Interests Sharing Ratio on Newly Acquired Assets
	 	 	99	% 	 				 				 				 				 				 				 			
		 	  
	  
	 	 				 				 				 				 				 				 			
	 Fair Value Depreciation - Newly Acquired Assets
	 				 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  
	 Actual Depreciation - Newly Acquired Assets
	 				 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—