Exhibit



EXHIBIT 10.3



	
	
	CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED. [***] INDICATES THAT INFORMATION HAS BEEN REDACTED.




CHANGE ORDER FORM


	
		
	PROJECT NAME:  Driftwood LNG Phase 4 


OWNER:  Driftwood LNG LLC


CONTRACTOR:  Bechtel Oil, Gas and Chemicals, Inc.


DATE OF AGREEMENT: 10 November 2017
	CHANGE ORDER NUMBER: CO-004


DATE OF CHANGE ORDER:  January 21, 2020












The Agreement between the Parties listed above is changed as follows:


		
	I.
	SCHEDULE REDUCTION


A.    EPC Agreement Terms Modifications
The Parties agree that Attachment 5 (Project Schedule) of the Phase 4 EPC Agreement is modified (red text are additions and strikethrough text are deletions) as follows:
 
	
		
	Limited Notice to Proceed
	[***] Days prior to Owner’s issuance of Notice to Proceed

	Notice to Proceed
	Day Zero

	Ready for Start Up
	[***] Days following Owner’s issuance of Notice to Proceed

	Target Substantial Completion Date
	[***] Days from Owner’s issuance of Notice to Proceed

	Guaranteed Substantial Completion Date
	[***] Days from Owner’s issuance of Notice to Proceed

	Final Completion
	[***] Days after Guaranteed Substantial Completion Date






The Parties agree that Article 13.2 (Schedule Bonus) of the Phase 4 EPC Agreement remains unchanged and the Schedule Bonus Date for Project 5 remain unchanged at [***] Days after issuance of NTP for Project 5.




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	Adjustment to Contract Price
	 
	 

	The original Contract Price was
	USD 1,925,058,672
	EUR 148,365,834

	Net change by previously authorized Change Orders
	USD 0
	EUR 0

	The Contract Price prior to this Change Order was
	USD 1,925,058,672
	EUR 148,365,834

	The Contract Price will be increased (decreased) unchanged
	 
	 

	by this Change Order in the amount of
	USD 0
	EUR 0

	The new Contract Price including this Change Order will be
	USD 1,925,058,672
	EUR 148,365,834

	 
	 
	 

	 
	 
	 

	The Aggregate Provisional Sum prior to this Change Order was
	USD 127,877,840
	EUR 0

	The Aggregate Provisional Sum will be increased (decreased) unchanged
	 
	 

	by this Change Order in the amount of
	USD 0
	EUR 0

	The new Aggregate Provisional Sum
	 
	 

	including this Change Order will be
	USD 127,877,840
	EUR 0

	 
	 
	 






Adjustments to dates in Project Schedule: 
The following dates are modified: N/A
Adjustment to other Changed Criteria: N/A
Adjustment to Payment Schedule: N/A
Adjustment to Provisional Sums: N/A
Adjustment to Minimum Acceptance Criteria: N/A
Adjustment to Performance Guarantees: N/A
Adjustment to Design Basis: N/A
Other adjustments to liability or obligation of Contractor or Owner under the Agreement: N/A


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


[B] This Change Order shall not constitute a full and final settlement and accord and satisfaction of all effects of the change reflected in this Change Order upon the Changed Criteria and shall not be deemed to compensate Contractor fully for such change.  Initials:  ____ Contractor  ____ Owner


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

	Owner
	 
	Contractor

	[***]
	 
	[***]

	Name
	 
	Name

	[***]
	 
	[***]

	Title
	 
	Title

	January 21, 2020
	 
	January 21, 2020

	Date of Signing
	 
	Date of Signing










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